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MAY 1969 / V O L U M E 49 N U M B E R
PART I
SURVEY OF CURRENT BUSINESS
CONTENTS
U.S. Department of Commerce
Maurice H. Stans / Secretary
THE BUSINESS SITUATION
Summary
1
National Income and Product Tables
7
Financial Tables
11
Roeeo C. Siciliano / Under Secretary
William H. Chartener / Assistant Secretary
for Economic Affairs
Office of Business Economics
George Jaszi / Director
Morris R. Goldman / Associate Director
ARTICLES
Murray F. Foss / Editor
Monetary Restraint in 1969
13
Metropolitan Area Income in 1967
19
U.S. Exports to Foreign Affiliates of U.S. Firms
34
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
STAFF CONTRIBUTORS TO THIS I SSL E
Business Review and Features:
Francis L. Hirt
NEW OR REVISED STATISTICAL SERIES
Articles:
Revised Estimates of Retail Sales, 1961-64
51
Donald A. King
Regional Economics Division Stafl'
Marie T. Bradshaw
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
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This month's issue of the SURVEY OF CURRENT BUSINESS appears in two parts. Part II is devoted to an analysis
of productivity change.
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BUSINESS SITUATION
The few measures of economic activity now available for April presented
a mixed picture. The labor market data,
for example, suggested that the advance
in total output might be slowing down a
little, but retail sales showed considerable strength. The evidence for the
second quarter now available is too
fragmentary to permit any definite conclusions about changes in the rate of
expansion. There can be little question
that aggregate demand is still very
strong and that inflationary price pressures are not diminishing. With most
measures of activity already above first
quarter averages, it seems likely that
output in the current quarter will
register a sizable advance.
r RODUCTION continued to rise in
the opening month of the second quarter. The labor market data for April
suggested that the rate of advance in
output might be slowing down a little
as compared with last fall and winter;
unemployment edged up for example,
and employment registered only a small
gain. Also the April rise in wages and
salaries was much smaller than earlier
this year. But not all signs pointed to a
slower pace—retail sales showed considerable strength.
The evidence now available for the
second quarter is too fragmentary to
permit any definite conclusions about
changes in the rate of expansion in
economic activity. There can be little
question that aggregate demand is still
very strong and that inflationary price
pressures are not diminishing. With
most measures of activity already above
first quarter averages, it seems likely
that output in the current quarter will
register a sizable advance.
Consumption should show a goodsized increase in the second quarter.
According to revised Census data, retail sales edged down in March but
advance reports indicate that they rose
to a new peak in April. Production in
the capital goods industries continues
to rise, but the expansion in this sector
should begin to taper following the
large gain in the first quarter. Housing
starts have already begun to decline as
a result of the anti-inflationary credit
policies being pursued by the Federal
Reserve.
Federal Government outlays on balance are adding little to the growth in
output, but State and local expenditures
continue upward despite some financing
difficulties due to very high interest
rates. Now that the dock strike is
settled, net exports should show a
very substantial recovery from the
"zero" balance recorded in the first
quarter.
Slower employment growth
The most recent reports on employment and unemployment indicate some
easing in the tight conditions that have
prevailed since the beginning of last fall.
Seasonally adjusted employment in
nonfarm establishments, which had
increased at an average monthly rate
of 275,000 from October through March,
slowed to a gain of 35,000 in April,
according to preliminary figures. Moreover, unemployment increased and the
overall unemployment rate edged higher
for the second straight month—to 3.5
percent of the civilian labor force from
3.4 percent in March and 3.3 percent
in the preceding 3 months.
The April slowdown in the employment expansion was reflected in most
of the major industry divisions. The
only significant gains were in finance
and State and local government; in
the other industries, employment was
substantially unchanged—after allowance is made for strikes in contract
construction and transportation and
CHART 1
Corporate Profits
«Book profits before and after taxes up fractionally
in first quarter
• Profits including IVA decline after small fourth
quarter rise
Billion $
100
Profits Before Tax
80
-
60
40
Nfifs After la
20
0 I .i....I..l....!....i...l l
1963
64
65
66
67
68
69
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
69-5-1
SURVEY OF CURRENT BUSINESS
public utilities. After 6 months of increases, the expansion in manufacturing
employment came to a halt as small
rises in durable goods, chiefly in machinery and equipment, were about
offset by widespread reductions in
nondurables.
Changes in Business Inventories
(GNP basis)
First quarter decline in inventory investment
attributable to trade firms
Billion $
15
TOTAL
10
LiLlllL
1. Includes inventories other than manufacturing and trade stocks.
MANUFACTURING
5
-
TRADE
MANUFACTURING AND TRADE
10
DURABLES
-5
10
NONDURABLES
n
1967
n
n
1968
1969
Seasonally Adjusted at Annual Rates
U.S.
Department of Commerce, Office of Business Economics
69-5-2
May 1969
Income rise slows
Smaller inventory accumulation
After an exceptionally large advance
The book value of manufacturing
of $6% billion in March (revised), perand trade inventories rose $1 billion
sonal income rose only $2.8 billion in
in March after increases of $1.2 billion
April to a seasonally adjusted annual
in February and $0.3 billion in January.
rate of $730% billion. The April slowFirst quarter inventory investment
down was due almost entirely to wages
(GNP basis) is now estimated at a
and salaries, which increased only $1.7
seasonally adjusted annual rate of
billion as compared with $5.3 billion in
$7 billion, down from a rate of $10%
March and a monthly average of $4
billion the quarter before (chart 2).
billion in the first quarter. The slower
The strong expansion in final sales
rate of gain as compared with March
was an important factor in limiting
was attributable to the much smaller
inventory additions during the first
employment increase and to significant
quarter.
cuts in average hours worked in some
Most of the decrease in inventory
important industries.
investment was attributable to retail
All major industry divisions showed
firms, where an improvement in sales
smaller wage and salary increases in
was accompanied by a reduction in
April than in March. With rates of pay
stocks; in the final quarter of 1968,
higher but with employment about unwhen retail sales recorded a slight
changed and weekly hours lower, manudecline, retail inventory additions totalfacturing payrolls changed little after a
ed a substantial $4% billion. The first
$2.8 billion advance the month before. quarter decrease in retail stocks was
In the distributive and service industhe first quarterly decline in a year and
tries, last month's gains were approxi- a half.
mately half those of March, but in
Manufacturers' stocks increased at
Government, the payroll increase was
a seasonally adjusted annual rate of
only slightly less.
$4 billion, only slightly below the
fourth quarter rate and the smallest
amount in about a year. Accumulation
Improvement in auto sales
by manufacturers of nondurable goods
Sales of domes tic-type passenger cars fell to a very low rate, chiefly because
rebounded from the relatively low of a large reduction in purchased
March figure of 7.8 million units to a materials. Accumulation by manufacseasonally adjusted annual rate of 8.4 turers of durable goods, in contrast,
million in April. Data for the first 10 was the largest since early 1967 and
days of May point to a further improve- reflected mainly a more rapid rate of
ment. With the dock strike over, im- increase in work-in-process invenports of new cars rose from 0.9 million tories—notably in the machinery
units to 1.2 million units. Combined industries—and a switch from a reducsales of domestic and imported cars, at tion in stocks of purchased materials.
9.6 million units, were above the first
quarter average rate of 9.4 million.
Because of sporadic strikes at a
First Quarter Profits
number of assembly plants, production
of passenger cars was reduced to 710,000
units in April, some 70,000 below the After strong increases during 1968,
original target set for the month. The before-tax book profits recorded only
April turnout, after seasonal adjust- a small rise of $0.3 billion in the first
ment, was 9 percent under March quarter of 1969 to reach a seasonally
and was the lowest monthly rate adjusted annual rate of $96 billion,
since the autumn of 1967 when pro- according to preliminary data. The
duction was hurt by a strike. Produc- corresponding total a year earlier was
tion schedules for May call for nearly $89 billion, and for all of 1968, $92#
800,000 units, but with work stoppages billion. Manufacturing profits as a
at some assembly plants continuing whole showed a slight dip as earnings
through mid-May, there appears to be in the motor vehicle industry fell from
little chance of reaching this goal.
(Continued on page 33)
SURVEY OF CURRENT BUSINESS
May 1969
i
CHART 3
« Nonfarm employment increased slightly in April after 6 months of strong gains.
* Unemployment rate, while still low, edged higher for second straight month
* GNP deflator rose 4.3percent (annual rate) in first quarter— wholesale prices rose in April but at slower rate
TOTAL PRODUCTION
THE LABOR MARKET
PRICES
Million Persons
Billion $
Percent
8
81
950
CIVILIAN LABOR FORCE AND
EMPLOYMENT*
CURRENT DOLLAR GNP**
900
79
$
>x|
800
Final Sales
• -
r \r
\ //~*
_
4
lillllll1
Labor Force
2
75
i 1
1
73
1
Quarterly (1)
1 1 M 1 1 1 II
11
i 1 1 1 1 1 1 M 1 l
1 1 1 I 1 1 1 1 1 M
QBE
Monthly (Apr.)
IMPLICIT PRICE DEFLATOR FOR GNP**
(Change From Previous Quarter)
6
Employmen t
5?^-— Inventory Change
l i t
l i t
750
A
^r^c
77
850
/*"
0
BLS
~~
Quarterly (1)
Billion $
Percent
1957-59 = 100
40
5
130
UNEMPLOYMENT RATE*
.
CURRENT DOLLAR GNP**
(Change From Previous Quarter)
30
-
-
CONSUMER PRICES
4
125
-S~~^/< -
10
2
y
^s
Total
3
Tota
120
c^X
Married Men
0
XX
.llllllll
1
Quarterly (I)
i iiit 11 iiii i i 11 i 111 111 i iii il iiiii
Monthly (Apr.)
Billion $
Million Persons
800
76
-
650
72
\
—
^Ss
.— =*r \
I
68
\
Final Sales
-
64
l
l.
l
i
l
l
.
,
1
1
I
Quarterly (I)
60
Hours
45.0
CONSTANT DOLLAR (1958) GNP**
(Change From Previous Quarter)
~~
Ih
0
•
-4
i
l
1967
l
l
i
1968
t
115
— 1 40
110 —
- 130
i i ii i i i iiii
i 1 1 1 1 1 1 i i i i it i i i i i i i i i i
1 20
105
1
1
1
35.0
V
•^^
-
Total
1 00 1 1 i 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 M
1 1
t t1 ii ii i i ii
Monthly (Apr.)
Dollars
BLS
1957-59=100
130
Average Hourly Earnings
(right scale)
WHOLESALE PRICES
3.00
^'
^ -• -1
\,^'
>
Average Weekly Hours*
**/"
/^^—^
37.5
1969
S
Industrial Commodities
\
BLS
i 11 1ii 11 i ii i iii1 111 1 1i i iiitiii ii
1967
1968
Monthly (Apr.)
1969
2.80
110
2.60
100
2.40
Processed Foods
and Feeds
\
120
(le ft scale)
1
—
f\^^^
Man-Hours*
(right scale)
40.0
Quarterly ([)
QBE
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Econom cs
42.5
-
-
PRODUCTION OR NONSUPERVISORY WORKERS
(PRIVATE)
•~
4
^
~"
,r——
Monthly (Apr.)
12
8
1957-59=100
.,
r —-*" *"""'
QBE
Percent
BLS
WHOLESALE PRICES
-
Inventory Change
600
Monthly (Mar.)
Billions
Employment*
(left scale)
^--^ £
Total
700
i i i i i 1 t i i it
110
BLS
NONFARM ESTABLISHMENTS
(Employees)
-
Retail Food*
»«.••• ••*
120
CONSTANT DOLLAR (1958) GNP**
750
115
**>s— V,
QBE
-
-«•
^x^v-\
20
QBE
90
-^
x
^N /
f
'
/-
~'*
\
Farm Products
111111i111i i 1111ii11ii i li111lll ll
1967
BLS
/
/^/\
~
s
1968
Monthly (Apr.
1969
BLS
69-5-3
OU±VV±L/I U-f
L/ U ±U\ ±L< JM 1 r> U olJN Jiibo
May 19<3
• April rise of $2.8 billion in personal income was well below February and March advances
• Consumption expenditures up $10 Vi billion in first quarter— almost double fourth quarter rise
• Retail sales at new peak in April following dip in March
INCOME OF PERSONS
CONSUMPTION AND SAYING
Billion $
Billion $
800
650
700
Billion $
100
PERSONAL CONSUMPTION
EXPENDITURES*
PERSONAL INCOME**
750
—
600
-
550
^
—
./^
^
**
500
^
^
75
~~
50
Producers' Durable Equipment**
\ . -----
'
^^S
-
Nonresidential Structures**
s^
650
i 11 1 111 1 1 M
_
v
ir
_
_
S
600
FIXED INVESTMENT
\ 1 it \ \ t i l i l i i i i i i i t i i t
Monthly (Apr.)
__
^^>^^
<s*~~"^
\
450
\
—
\
1
QBE
1
1
Quarterly
{
|
25
|
(I)
l
0
Billion $
Billion $
35
80
RETAIL STORE SALES*
450
T**»i
Tow
(left s
\
y
^*s
^^^
400
350
1 1 1 1 1 11 1 1 11
<^*
j^**
'
~
\
y^^
_ 200
25
JfeniifsettMiJg
.J3.T-
*-***•
- 150
*.«—»*"-•"* *"*'-"
20
_
i i i t t I 1 I 1 1 1 100
Monthly (Apr.)
15
i LM t 1 1 1 i I 1
•*.«•",, S**
/
"\ 1
-
65
i i i i i 1 i i i i i i i i t t i 1 1 i. I j .L
y\
/
/f\^/
8
600
~.
j>
550
i
i
Vr
-
i
\
I
Quarterly
i
1
7
X/^SA
\VA^A//r^r YV
8
'^^^
500
Domestic
(left scale)
1
i
(1)
6
.
New Orders
\
4
1 1 1 1 1 1 1 1 1 1 1
Dollars
2,700
—-M/
/ . -
~
1 1 1 1 11 i 11 1 1 1 1 1 1 i i 1 1 1 1 1
Monthly (Apr.)
2
5
^^/^^^^ I
0
4
l.f M 1 i t 1 t 1 I
1 1 1 I t 11 t 1 11
Trade Sources & QBE
Million Units
12
2.5
-
~
2.0
_
\
ni
-
8
1
2,400
2,300
^"^
i
l
^
-
\
i
1967
\
1
1968
i
1 L
*
Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
4
1969
Quarterly (1)
6
QBE
~
i
i
i
i
i
i
1968
Quarterly (1)
k
yg/^AUfN^/^
-
1967
A
1.5
^^
*-^/^
^r
^\^L
., /"^
Census
PRIVATE NONFARM HOUSING**
Starts
2,500 -
1 11 11 1 111 1 t
Monthly (Mar.)
Percent
10
—
Shipments
PERSONAL SAVING RATE*
REAL PER CAPITA DISPOSABLE
PERSONAL INCOME**
2,600 - (In 19S8 Dollars)
_
£
*.
\\ &x
<
6
Imports
(right scate)
^
QBE
i
OBE-SEC
—
JL
^
/^
iT
i
MACHINERY AND EQUIPMENT*
(Manufacturing Firms)
NEW CAR SALES**
*t*
i
Anticipated
Quarterly ( II )
Billion $
10
0
Tr<\ , , ,
60
Census
12
650
QBE
70
-,—
Million Units
_
1
/
700
—
1
75
Billion $
DISPOSABLE PERSONAL WWE**
i
(l)
/
Monthly (Apr.)
QBE
)
S*
Excluding Automotive Group
1 1 1 n | n i i, '
E
^S*********/****
-~~n
^^^
I
_
PLANT AND EQUIPMENT
EXPENDITURES**
Total
30
t
Quarterly
550
500 *~
i
QBE
Billion $
WAGES AND SALARIES**
\i
...»»-jt **»
.,«—**
\
Residential Structures**
—
i
l
l
1.0 X
.5
1969
QBE
^
-
Permits
t 1 1 M
1 1 1I1 1
t ! 1 1 1 1 1 1 1 1 t
1967
] 1 1 1 1 11 11 1i
1968
Monthly (Mar.
1969
Census
SURVEY OF CUKKENT BUSINESS
May 1969
• Business inventories rose $1 billion in March after $1.2 billion gain in February and $0.3 billion rise in January
• Merchandise trade showed small surplus in March after deficit in February
• Federal budget (NIA basis) registered $7 14 billion surplus in first quarter
INVENTORIES
FOREIGN TRANSACTIONS
GOVERNMENT
Billion $
Billion $
Billion $
40
12
140
NET EXPORTS**
CHANGE IN BUSINESS INVENTORIES**
{GNP Basis)
30
20
—
—
-
-
i ft
1^1
l.il
0
8
4
120
Goods and Services
/
\
100
A
k'^-Xk
V
Merchandise
^w
• lllllllll 1 1
Quarterly (1)
i
4
i
t i t
i
QBE
-
nn
i i i
Quarterly (1)
60
"^^^ —T
^_— ~~- ^^
til iii iii
QBE
Quarterly (l)
Billion $
Billion $
Billion $
170
3.5
4
-
160
150
140
~
.
*/
Exports
,S
1 1t 1 I 1 1 1i t 1
3
1 1 i » 1 1 1n t |
Monthly (Mar.
2.0
1.5
New Orders
\
Imports
jy
-
Shipments
1
1
1 1 1 1 1 1 1 1 1 i 1 i \ i i i 1 i t i t i M t i t IJJJLLL
Census & QBE
Monthly
(Mar.
0
i tit i it i t ii
Census
Billion $
Billion $
Billion $
120
4
225
__
100
MANUFACTURING AMD TRADE INVENTORIES*
(Book Value, End of Month)
_
2
« A
| / \f\T
2
wJ
~
1 11 1 1 ! t M 11
i
2.5
>**—•i***"^
130
A
K/~AA111/
\r1£1If
3.0
NET FLOW OF PRIVATE U.S. AND FOREIGN CAPITAL
(Other than Liquid Funds)*
_
_
200
r i t i i 1 iIi i i
t ii i i 1 i i M i
Monthly (Mar.)
Census
FEDERAL BUDGET**
(NIA Basis)
—
_
Manufacturing
80
60
Jxr^\
•»......,..«.«...»•—•
""\
QBE
DEFENSE PRODUCTS*
MERCHANDISE TRADE*
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Worth)
_
Total
7rr
-
FEDERAL PURCHASES OF
GOODS AM) SERVICES**
/
0
.... .-•"*
-2
Expenditures
Inflow
, Outflow j /^s/ /
^ ^
^^^^ 1
^'/^^
175
"
"
150
""""Defictt^y \
~—-****^
Receipts
~~
Trade
40
t 1 1 M f 1 11 t i
M l I1 1 l l I l t t I 1 I t i | | i t!
Monthly (Mar.)
Census & QBE
4
i
i
i
i
l
l
I
I
i
125
I
Quarterly (IV)
Billion $
Billion $
2.0
4
150
18
1.6
*"""
>
»-Ms>.-''sx
r^
0
^ Total
Manufacturing and Trade
1 4
1.2
BALANCE OF PAYMENTS*
2
lllllllll!
1 111 1 1 111 1
1967
1968
2
r
125
100
^
7 \ / f\
i
i
i
l
l
QBE
v
75
—
—
^—
-—
' -f
Liquidity Basis
M | | 1| 1 M 1
1969
Monthly (Mar.
Census & QBE
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economcs
YX
j^,
t
STATE AND LOCAL PURCHASES
OF GOODS AND SERVICES**
Official Reserve Transactions Basis
/ \
i
Quarterly (I)
Ratio
INVENTORY/SALES RATIOS*
Manufacturing
~ -*xA
/
i
QBE
4
i i i
1967
i
i
i
1968
Quarterly (1)
l
i
t
50
1969
i
i
1967
QBE
i
t
i
l
1968
Quarterly (1)
i
i
i
1969
QBE
69-5-5
SURVEY OF CURRENT BUSINESS
6
May 1960
After a decline in March, bank credit rose strongly in April
Tighter credit policy led to still greater negative free reserves
Corporate profits (including IVA) declined in first quarter—book profits before and after taxes up slightly
MONEY, CREDIT, AND SECURITIES MARKETS
INDUSTRIAL PRODUCTION
PROFITS AND COSTS
Index, 1957-59=100
240
460
190
Durable Manufactures
\ ' i -
^
220
380
/-Cxr
-NX\//. *s~/
y Total /^./^
V
\
s&^
Nondurable Manufactures
i 111 111 111i
1 1 ?"r Ki l 1 i l
^
1 1 1 1 11 1 1 1 11
Monthly (Mar.
300
(right scale)
i i111 1 i. 1 1i 1
.^^
1 ill i 1 1 i I i i
FRB
Before Tax and Including IVA
200
80
180
60
160
40
^
.-*'
f^ Money \Supply
340
100 u_
V.—r
^s\-—'
\^C:'
"\
y*
.
150
Bank Credit
(left scale)
*
^s
170
160
CORPORATE PROFITS**
420
180
V
120
BANK CREDIT AND MONEY SUPPLY*
INDUSTRIAL PRODUCTION*
l LI.) 1 1 1 1 l 1
Monthly (Apr.)
t i t
Billion $
Billion $
200
2
120
FREE RESERVES
175
_
Autos
,
-M
.Y
/"
^V
\/_y
100
i i l i i i i i iil
100
j* —^v
V
/, S~\
125
1
^
"A/
/
\J
1 11 1 111 1 111
.
1 1 1 1 111 11 11
Monthly (Mar.)
-2
.
1 111 1 111 1 11
•
11i11111111
8
^
1
1
-
4
-
1
~^~**±^S
S*
6
1
1
1
2
^
^
3-month Treasury Bills
i 1 1 i i1 i i i ii i i i i i i i i i 1 1 i i i i 1 1 i i i ii
FRB
-2
i
6
STOCK PRICES
DURABLE GOODS MANUFACTURERS*
/•%.. p
1 1 11 111 1 1 11
1 M M
1967
1 1 1 11 1
1 1 i 1 111 i111
1968
Monthly (Mar.)
1969
U.S. Department of Commerce, Office of Business Economics
120
QBE
-
on
s^
60
i i i i i 1 1 1 1 ii
Census
Compensation
i
i
i
i
i
i
i
.
BLS
r
V^
1 1 1 1 1 1 1 1 1 M
1968
Monthly (Apr.)
-
2
Q
1 1 1 1 1 1 1 1 1 1 t
1969
—
4
Standard and Poor's (500)
1967
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
i
UNIT LABOR COSTS, PRIVATE ECONOMY*
(Change From Previous Quarter)
100
Shipnnents
20
i
Quarterly (I)
Percent
-<
i
Monthly (Apr.)
140
- Y
i
fill Jl J 1 |f 1 1 11
^
1941-43=10
New Order
1
2
36
28
i
OUTPUT AND COMPENSATION PER MAN-HOUR,
PRIVATE ECONOMY*
- (Change From Previous Quarter)
Billion$
-
i
Quarterly (I)
Output
Quarterly (1)
32
i
l
Corporate Yields, Moody's Aaa
i i i
I
l
6
\
75
i
40
Percent
Manufacturing
~ ^NX^^—1
Profits After Taxes
FRB
INTEREST RATES AND BOND YIELDS
RATIO, OUTPUT TO CAPACITY*
85
1 1 1 1 1 1 1 1 11
Monthly (Apr.)
10
-
^X^^^—
60
Percent
95
90
X
-
FRB
Percent
Internal Funds
on
W-N
-1
QBE
CORPORATE INTERNAL FUNDS AND PROFITS**
\^
\r
r
/ \ f
AV
i i i
Quarterly (1)
Index, 1957-59=100
INDUSTRIAL PRODUCTION*
l i t
FRB
-2
1. in.ill
i
1967
l
l
l
i
1968
Quarterly
t
i
i
i
1969
(l)
BLS
SUEVEY OF CUKKENT BUSINESS
May 1969
NATIONAL INCOME AND PRODUCT TABLES
I
1967
1967
IV
1968
I
II
1969
III
IV
1967
1967
1968
1968
II
IV
Seasonally adjusted at annual rates
III
IV
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
Personal consumption expenditures _. -Durable goods
Nondurable goods
Services
- --
Gross private domestic investment
--
-- --
-
-
Fixed investment
Nonresidential
Structures
Producers' durable equipment
_
Residential structures
Nonfarm
_
Farm
Change in business inventories.
Nonfann ..
Farm
_
._
-
. . .
Net exports of goods and services
Exports
Imports
.
--
__
-
Government purchases of goods and services .
Federal
National defense
Other
_
State and local...
_
_
.
-- _-
.
789.7
860.6
811.0
831.2
852.9
871.0
887.4
903.3
673.1
706.7
681.8
692.7
703.4
712.3
718.4
723.5
492.2
533.8
502.2
519.4
527.9
541.1
546.8
557.4
430.5
450.9
434.1
444 9
447 5
455.7
455.4
460.1
72.6
215.8
203.8
82.5
230.3
221.0
74.2
218.4
209.6
79.0
226.5
213.9
81 0
228.2
218.7
85 1
232 7
223 4
85 1
233.7
228.0
86.8
238.1
232.5
72 4
191.1
167.0
80 1
197.1
173.7
73 0
191.6
169.5
77 3
196 5
171.0
78 9
196 1
172.6
82 5
198.5
174.8
81 7
197.3
176.4
82.9
199.4
177.8
114.3
127.7
121. 8
119.7
127 3
127 1
136.6
139.0
99 5
106.9
104.7
101 5
107 3
105.8
113.1
113.1
108.2
119 9
113.5
117.6
116 5
119 6
126.0
132.1
93 6
99 8
96 7
99 5
97 4
99 o
103 5
107.0
83.6
27.9
55.7
90.0
29.2
60.8
85.0
27.7
57.3
88.6
29.6
59.0
87.0
28 5
58.5
90.1
28 8
61 3
94.3
29.9
64.5
99.6
32.2
67.4
73.7
22 6
51.1
76.8
22.5
54.3
74.0
22.1
52.0
76.5
23 4
53.0
74.5
22 1
52.4
76.6
21.9
54.7
79.6
22.6
57.0
83.0
23.7
59.4
24.6
24.0
6
29.9
29.3
.6
28.5
27.9
6
29.1
28.5
6
29 5
28.9
6
29 5
28.9
6
31 6
31.0
6
32.5
31.8
.6
19 9
19.5
5
23.1
22.6
5
22.7
22.2
5
23 0
22.6
5
22 9
22 5
5
22.4
21.9
.5
23.9
23.4
5
23.9
23.5
.5
6.1
5.6
.5
7.7
7.3
.5
8.3
7.1
1.2
2.1
1.6
.4
10.8
10.4
4
75
7.3
1
10.6
9.7
9
6.9
6.2
.8
5.9
5.3
6
7.1
6.6
5
8.0
6.7
1.3
2.0
1.6
.4
9.9
9.6
.4
6.8
6.6
.1
9.6
8.8
.9
6.1
5.4
.7
33
10
o
2 4
_ 3
10
_ i
— 6
.7
—1.3
-2.3
44.0
44.1
44.7
45.4
47.6
46.9
44.9
46.2
41.2
43.5
4 8
2.0
34
15
20
45.8
41.0
50.0
48.1
46.0
42.6
47.5
46.0
49 9
47.9
178.4
197.2
183.5
190.5
90.6
72.4
18.2
100.0
78.9
21.1
93 5
74.6
19.0
97 1
76.8
20.3
. - 87.8
97.2
90.0
93.4
52 6
49 4
50 1
49.1
46.6
46.6
41 8
39.3
45 3
45.6
41.9
40.9
195 7
199 6
203.0
206.9
140 7
149.2
142.0
146 5
149.2
150.1
151.2
152.5
100 0
79.0
21.0
101 2
79 6
21.5
101 7
80.0
21.7
102 4
80.2
22.2
74 8
79 3
75.6
78 1
80 1
79.5
79.3
79.3
95.6
98 4
101 2
104.5
65 9
70.0
66.4
68.4
69.1
70.6
71.8
73.2
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales
Change in business inventories
789 7
860.6
811 0
831 2
852.9
871 0
887 4
903.3
673 1
706.7
681.8
692 7
703.4
712.3
718.4
723.5
783 6
61
852 9
77
802 7 829 1
21
83
842 1
10 8
863 5
75
876 8
10 6
896 3
6.9
667 2
59
699 6 673 8
8.0
71
690.7
2 0
693 5
9.9
705.5
6.8
708.7
9.6
717.3
6.1
396.9
430.8
404.8
414.9
428 4
436.9
443.0
448.8
361.0
380.3
364.4
370.4
379.2
384.7
386.8
389.2
390.8 423 1 396 5 412 8
2l
61
83
77
417 6
10 8
429 5
75
432 4
10 6
441.9
69
355.1
59
373.2 356.4
80
71
368.4
20
369.3
99
378.0
68
377.2
96
383.1
6.1
Durable goods.. __
Final sales
Change in business Inventories
159 3
156 4
3.0
176 7
172.2
4.6
164 1
159 9
4.2
168 2
166 7
1.5
175 3
169 1
6.2
180 0
175 1
49
183 3
177.8
5.6
187 6
183.6
3.9
150 3
147.6
2.7
162 1
158.0
4.1
152 8
149.0
3.8
155 9
154 5
1.4
161 2
155 6
5.6
164.9
160.5
4.4
166.5
161.5
5.0
169.4
166.0
3.4
Nondurable goods
Final sales
Change in business inventories
237.6
234.5
3.1
254 1
250.9
32
240.7
236.6
41
246.7
246.1
6
253 1
248.5
46
256 9
254.4
25
259.7
254.6
50
261.2
258.3
3.0
210.7
207.5
32
218.2
215.2
30
211.6
207.5
41
214.5
213.9
6
218.0
213.7
43
219.8
217.4
2.4
220.3
215.7
4.7
219.8
217.0
2.8
314 8
342 7
324 7
330 4
339.2
347 6
353.7
359.6
249 6
260.0
253 2
255 1
258.7
262.3
263.7
265.1
77.9
87.1
81 5
85.8
85 4
86.4
90.7
94.8
62 5
66.4
64 2
67 2
65.5
65.2
67.
69.2
723.5
Goods output
_
Final sales
Change in business inventories
Services
_
Structures
.
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Business
Nonfarm
Farm
Households and institutions
..
789 7
860 6
811 0
831 2
852 9
871 0
887 4
903 3
673 1
706 7
681 8
692 7
703 4
712 3
718.4
704 8
766 3
722 3
740 3
759.9
775 0
789 8
804 1
614 0
644 7
621 7
631 8
641 6
649 7
655.5
660.0
677 9
653 7
24 2
737 3
712.3
25 0
694 1
669 4
24 8
712 4
688.1
24 3
730 8
706 1
24 7
745 6
720 2
25 5
760 5
735 o
25 5
775 4
749 g
25 5
594 0
569 9
24 1
623 7
599 8
23 9
600 8
576 3
24 5
611 4
587 8
23 6
620 5
596 2
24 3
628 5
634.4
639.8
24 0
610.5
24 0
616.1
23.7
15 5
16 1
15 7
16 1
16 3
16.2
16.0
16.0
4 5
48
52
4 3
48
51
5.1
4.2
60 9
61 8
62 6
62.9
63.5
22.3
24.0
22.9
23.5
24 2
24 2
24 2
24 5
Rest of the world
4 6
4 9
53
4 4
4 9
5 2
5 2
4 3
General government
84 8
94 3
88 6
90 8
93 0
96 0
97 6
99 1
59 0
62 0
60 1
604.5
SURVEY OF CURRENT BUSINESS
8
1967
1968
IV
I
II
1967
1969
1968
1967
May 1968
III
IV
1967
I*
1968
Equals : Net national product
72.3
73.7
74.9
76.2
77.5
720.5 786.3 739.8 758.8 779.1 796.1 811.2 825.8
Less: Indirect business tax and nontax
69.6 75.8 71.2 72.8 74.8 76.7 79.0 81.2
liability .
..
3.2
3.3 3.3 3.3 3.3
3.1 3.3 3.2
Business transfer payments
—3.5 -4.8 -4.2 -4.7 -3.6 -5.3 -5.5 -6.4
Statistical discrepancy
Plus: Subsidies less current surplus of
government enterprises.
Equals: National income
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Wage accruals less disbursements
Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income
1.6
.7
1.3
.5
.7
1.0
.6
.9
652.9 712.8 670.9 688.1 705.4 722.5 735.1 748.7
80.4
89.1
82.3
83.8
89.2
91.6
91.8
90.1
41 9
46.9
43 0
45.8
46.5
47.4
47.8
51.8
.0
.0
.0
.0
.0
.0
.0
.0
48.6
55.3
49.7
52.5
55.0
56.3
57.5
59.0
23.6
22.9
3.1
25.9
24.6
3.3
25.7
24.4
3.3
26.2
25.2
3.3
26.7
25.4
3.3
27.2
25.4
3.3
24.2
22.5
3.2
24.9
23.6
3.2
I*
652.9 712.8 670.9 688.1 705.4 722.5 735.1 748.7
National income
789.7 860.6 811.0 831.2 852.9 871.0 887.4 903.3
71.1
IV
Table 6.—National Income by Type of Income (1.10)
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
74.3
III
Billions of dollars
Billions of dollars
Less: Capital consumption allowances . 69.2
II
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross national product ..
I
IV
1969
1968
628 8 685.8 645 2 662 7 678.1 694.3 708.2 721 7
468.2 513.6 482.7 496.8 507.1 519.7 530.7 545.2
Compensation of employees
423.4 463.5 436.4 448.3 457.6 469.0 479.0 490.8
Wages and salaries
Private
Military _
Government civilian
.
337.1 367.2 346.0 355.7 362.8 370.9 379.2 389.4
16.3 18.3 17.1 17.5 17.8 18.9 18.8 18.8
70.0 78.1 73.3 75.2 77.0 79.1 81.1 82.6
Supplements to wages and salaries. .. 44.8
Employer contributions for social
21.5
insurance _
50.1
46.2
48.4
49.4
50.7
51.7
54.4
23.9
22.1
23.5
23.7
24.2
24.4
26.3
23.3
26.1
24.2
25.0
25.7
26.5
27.3
28.0
Other labor income
Employer contributions to private pension and welfare funds
Other
Proprietors' income
Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment
19.5
3.8
60.7
62.9
61.1
61.8
62.6
63.4
63.7
63.6
46.3
47.8
46.8
47.2
47.8
48.0
48.2
48.3
46.6
—.3
48.4
-.6
14.4
15.1
14.3
14.6
14.8
15.4
15.5
15.2
Rental income of persons
20.3
21.0
20.5
20.7
20.9
21.0
21.2
21.4
Corporate profits and inventory valuation adjustment
80.4
89.1
82.3
83.8
89.2
91.6
91.8
90.1
81.6
92.3
85.4
88.9
91.8
92.7
95.7
96.0
33.5
48.1
22.9
25.2
41.3
51.0
24.6
26.3
35.1
50.3
22.5
27.9
39.8
49.1
23.6
25.5
41.1
50.7
24.4
26.3
41.5
51.2
25.2
26.0
42.8
52.8
25.4
27.5
43.0
53.0
25.4
27.7
Farm..
Profits before tax
Profits tax liability
Profits after tax
Dividends
. ..
Undistributed profits
...
-1.2 -3.1 -3.1 -5.1 -2.7 -1.0 -3.8 -5.9
Inventory valuation adjustment
Net interest. ..
23.3
26.3
24.3
25.0
25.8
26.7
27.6
28.4
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
Table 7.—National Income by Industry Division (1.11)
Billions of current dollars
652.9 712.8 670.9 688.1 705.4 722.5 735.1 748.7
All industries, total
Gross auto product 1
35.7
31.3
33.7
36.1 36.1
36.9
36.7
Personal consumption expenditures. 24.9 30.1
5.3
Producers' durable equipment
4.4
.8
Change in dealers' auto inventories.. -.5
25.3
4.5
1.4
28.4
5.0
.6
29.0
5.1
2.3
31.6
5.6
-.6
31.3
5.5
.9
30.5
5.4
1.0
Net exports
Exports
Imports
29.0
..
-.1
1.6
1.7
—.7
2.1
2.8
-.2
1.8
2.0
-.6
1.6
2.2
-.5
2.3
2.9
-.7 -1.0
2.1
2.4
3.1 3.1
-.3
2.2
2.5
Transportation
Communication
...
Electric, gas, and sanitary services
Wholesale and retail trade
25.9
2.9
32.2
4.3
28.0
3.4
30.0
4.0
32.8
4.2
33.1
4.0
33.1
4.9
32.4
4.8
Finance, insurance, and real estate
Services
Government and government enterprises
Rest of the world
Addenda :
New cars, domestic 2
New cars, foreign
Billions of 1958 dollars
Gross auto product l
34.8
30.7
33.0
35.4
35.2
35.7
35.4
Personal consumption expenditures. 24.8 29.2
Producers' durable equipment
5.2
4.4
Change in dealers' auto inventories.. -.5
.8
27.7
5.0
.6
28.3
5.1
2.3
30.7
5.5
-.6
30.1
5.4
.8
29.2
5.2
1.0
5
1.6
2.1
-.4
2.3
2.8
-.6
2.4
3.0
-.9
2.0
2.9
-.3
2.2
2.4
29.9
3.9
32.7
4.1
32.8
3.9
32.5
4.7
31.8
4.6
Net exports
Exports .
Imports
29.0
...
0.0
1.7
1.7
.6
2.1
2.7
24.8
4.4
1.4
•t
1.8
1.9
26.4
2.9
32.0
4.1
27.9
3.3
Addenda:
New cars, domestic 2
New cars, foreign _ _
1. The gross auto product total includes government purchases, which amount to $0.2 billion
annually for the periods shown.
2- Differs from the gross auto product total by the markup on both used cars and foreign cars.
First quarter 1969 corporate profits (and related components and totals) are preliminary
and subject to revision next month.
21.4 22.5 21.4 21.9 22.2 22.9 23.1
39.7 42.8 40.3 41.3 42.6 42.9 44.3
196.6 215.9 201.0 207.7 214.4 218.2 223.1
75.8 82.9 77.6 80.1 82.1 84.2 85.2
120.8 133.0 123.4 127.7 132.3 134.0 138.0
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing
Nondurable goods
Durable goods
26.1 28.0
. 13.1 14.2
12.9 13.9
96.8 105.5
70.9
77.0
77.3
83.3
93.6 104.5
4.9
4.6
26.5 27.3 27.9 28.2 28.4
13.3 13.7 13.7 14.6 14.8
13.2 13.5 13.6 14.4 14.2
99.7 101.8 104.5 107.2 108.4
73.0
79.2
74.5
81.3
76.2
82.6
78.6
84.0
80.0
85.3
98.0 100.5 102.8 106.3 108.2
5.2
5.3
4.4
4.9
5.2
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
All industries, total
Financial institutions
Mutual
Stock
Nonfinancialcorporations. .
M anufacturing
Nondurable goods
... .. .
Durable goods
Transportation,
communication,
and public utilities
All other industries
80.4
89.1
82.3
83.8
89.2
91.6
91.8
90.1
10.3
11.5
10.6
11.0
11.2
11.9
11.8
12.3
77.8
19
8.4
70.1
77.6
71.7
72.9
77.9
79.7
80.0
39.2
18.0
21.2
44.5
19.8
24.7
39.9
18.0
21.9
41.3
19.0
22.3
44.9
19.7
25.2
45.3
20.3
25.0
46.5
20.2
26.3
11.8
19.0
12.6
20.6
11.9
20.0
12.5
19.0
12.5
20.6
13.0
21.4
12.3
21.3
SURVEY OF CURRENT BUSINESS
May 1969
1968
1967
1967
1968
IV
I
II
9
1967
1969
III
IV
I*
1967 1968
Seasonally adjusted at annual rates
Table 9.— Gross Corporate Product (1.14)
453.1 496.1 464.6 477.7
491.1 503.0 512.5 523.3
47.1
44.9
45.7
46.7
47.6 48.5
49.3
40.6
44.4
41.6
42.6
43.7
45.0 46.4
47.7
Personal income _ .
400.7 410.4 417.7 426.3
Compensation of employees
Wages and salaries.
Supplements
_
293.3 320.2 300.9 309.9
260.8 283.9 267.5 274.9
32.4 36.3 33.4 35.1
316.3 323.7 330.8 340.5
280.4 286.9 293.3 300.9
35.8 36.8 37.5 39.6
Net interest
-1.0
-.8
-.9
-.8
Corporate profits and inventory
valuation adjustment
Profits before tax___ _
Profits tax liability
Profits after tax. .. .
Dividends
Undistributed profits
Inventory valuation adjustment..
76.8 85.2
78.0 88.3
33.5 41.3
44.5 47.0
21.3 22.9
23.1 24.1
-1.2 -3.1
78.1
81.2
35.1
46.1
20.6
25.5
-3.1
80.3
85.4
39.8
45.6
22.0
23.6
-5.1
87.9
66.6
94.1
71.2
91.0
70.4
91.3
69.3
93.5
70.8
94.7 97.2
71.3 73.6
99.0
75.0
51.7
Transfer payments
Old-age, survivors, disability, and
health insurance benefits—
25.7
State unemployment insurance
2.1
benefits
Veterans benefits
. 6.6
17.3
Other. .
20.0
23.1
20.9
21.7
22.5
23.9 24.3
25.6
Less: Personal contributions
social insurance
Gross product originating in
financial institutions .
Gross product originating in
nonfinancial corporations
433.0 472.9 443.7 455.9
Capital consumption allowances _
Indirect business taxes plus transfer
payments less subsidies _
42.2
45.8
43.7
44.4
38.8
42.5
39.7
40.7
Income originating in nonfinancial
corporations
351.9 384.7 360.3 370.8
Compensation of employees
Wages and salaries.
._ _
Supplements
Net interest
277.0 301.8 283.9 292.5
246.8 268.0 252.8 259.8
30.2 33.8 31.1 32.7
8.5
9.2
8.9
9.0
Corporate profits and inventory
valuation adjustment
66.4 73.7
Profits before tax
67.6 76.8
Profits tax liability
28.8 35.7
Profits after tax
38.8 41.1
Dividends _.
20.1 21.6
Undistributed profits .
18.8 19.5
Inventory valuation adjustment
-1.2 -3.1
67.5
70.6
30.2
40.4
19.4
21.0
-3.1
69.3
74.4
34.5
39.9
20.7
19.2
-5.1
84.0
64.6
84.3
63.6
Cash flow, gross of dividends
Cash flow, net of dividends
81.1
61.0
86.9
65.3
-.8 -.8
—.8
85.2 87.5 87.7 86.7
87.9 88.6 91.5 92.6
41.1 41.5 42.8 43.0
46.8 47.1 48.7 49.6
22.8 23.4 23.6 23.9
24.0 23.7 25.1 25.7
-2.7 -1.0 -3.8 —5.9
468.6 479.0 488.2 497.7
45.4
46.3 47.1
48.0
41.8
43.0 44.3
45.6
381.4 389.8 396.7 404.1
298.3 304.9 311.4 320.2
264.9 270.7 276.6 283.5
33.4 34.2 34.8 36.7
9.1
9.3
74.0 75.6
76.6 76.6
35.6 35.7
41.0 41.0
21.4 22.0
19.6 18.9
-2.7 -1.0
86.5
65.0
9.4
9.5
75.9 74.4
79.7 80.3
37.1 37.0
42.6 43.2
22.2 22.5
20.4 20.7
-3.8 —5.9
87.2 89.7
65.2 67.5
91.2
68.7
413.5 420.8 425.3 430.0
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees
._
Net interest...
1.133 1.138 1.148 1.157
.110
.110
.109
.110
.110 .111
.112
.099
.706
.022
.102
.725
.022
.100
.715
.022
.100
.721
.022
.101
.721
.022
.102 .104
.725 .733
.022 .022
.106
.745
.022
Corporate profits and inventory valuation ad justment
.169
Profits tax liability
.073
Profits after tax plus inventory valuation adjustment- . .096
.177
.086
.170
.076
.171
.085
.179
.086
.180 .179
.085 .087
.173
.086
.091
.094
.086
.093
.095 .091
.087
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
* First quarter 1969 corporate profits (and related components and totals) are preliminary
and subject to revision next month.
463.5
180.6
145.4
109.4
77.2
96.3
436.4
170.5
137.1
103.1
72.4
90.4
448.3
175.6
141.2
105.6
74.5
92.6
457.6
178.6
143.?
108.0
76.2
94.8
469.0 479.0
181.6 186.4
146.7 149.9
111.1 112.9
78.2 79.9
98.1 99.8
490.8
191.0
152.8
116.0
82.5
101.4
_ _ _
23.3
26.1
24.2
25.0
25.7
26.5 27.3
28.0
60.7
46.3
14.4
62.9
47.8
15.1
61.1
46.8
14.3
61.8
47.2
14.6
62.6
47.8
14.8
63.4 63.7
48.0 48.2
15.4 15.5
63.6
48.3
15.2
Rental income of persons
Dividends
_ .
Personal interest income
20.3
22.9
46.8
21.0
24.6
52.1
20.5
22.5
48.5
20.7
23.6
49.8
20.9
24.4
51.4
21.0 21.2
25.2 25.4
52.9 54.3
21.4
25.4
55.6
_.
for
Less: Personal tax and nontax payments
58.6
52.9
55.7
58.3
59.5 60.8
62.3
30.3
26.4
28.2
30.5
30.9 31.6
32.3
2.1
7.2
19.1
2.0
6.8
17.7
2.2
7.0
18.4
1.9
7.1
18.8
2.1 2.0
7.2 7.3
19.3 19.8
2.2
7.7
20.2
20.4
22.9
20.9
22.3
22.8
23.2 23.4
25.5
82.5
96.9
85.6
88.3
91.9 101.6 105.8 112.5
Equals : Disposable personal income ... 546.3 589.0 559.6 574.4
586.3 592.7 602.4 609.2
506.2 548.2 516.1 533.5
Less : Personal outlays
Personal consumption expenditures- 492.2 533.8 502.2 519.4
Interest paid by consumers
13.1 13.7 13.3 13.4
Personal transfer payments to for.8
.7
.7
.7
eigners
- -_
542.3 555.6 561.6 572.3
527.9 541.1 546.8 557.4
13.6 13.8 14.0 14.2
Equals: Personal saving. _
Addenda:
Disposable personal i ncome :
Total, billions of 1958 dollars
Per capita, current dollars
Per capita, 1958 dollars
Personal saving rate,3 percent.
40.2
40.7
43.4
40.8
_ 478.0 497.5 483.7 491.8
2,744 2,928 2,798 2,866
2,401 2,473 2,418 2,454
7.4
6.9
7.8
7.1
.8
44.0
.7
.7
37.1 40.9
36.9
.7
497.1 499.2 501.7 502.8
2,918 2,942 2,982 3,009
2,474 2,478 2,483 2,483
7.5
6.8
6.3
6.1
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
.492.2 533.8 502.2 519.4 527.9 541.1546.8 557.4
72.6
Automobiles and parts
30.4
Furniture and household equipment. 31.4
Other
10.9
Food and beverages
Clothing and shoes
Gasoline and oil
Other
.108
348-322 O - 69 - 2
Other labor income
Nondurable goods
Dollars
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
corporations
1.104 1.136 1.117 1.123
I
Proprietors' income
Business and professional ...
Farm
Durable goods
Billions of 1958 dollars
Gross product originating in
nonfinancial corporations
392.3 416.3 397.2 405.9
IV
628.8 685.8 645.2 662.7 678.1 694.3 708.2 721.7
423.4
Wage and salary disbursements
Commodity-producing industries .. 166.6
Manufacturing.
134.1
Distributive industries
100.5
70.0
Service industries
86.3
Q ov eminent
Income originating in corporate busi369.0 404.5 378.1 389.4
ness
Cash flow, gross of dividends..
Cash flow, net of dividends
III
Table 10.—Personal Income and Its Disposition (2.1)
43.4
-.8
II
Billions of dollars
l
Gross corporate product
I
IV
1969
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
1968
Services
Housing
Household operation
Transportation
Other
82.5 74.2 79.0
36.6
34. 3
11.7
31.4
31.8
11.1
34.6
33.3
11.1
81.0 85.1 85.1 86.8
35.4
33.9
11.7
38.1 38.2
35.4 34.5
11.5 12.4
38.2
35.4
13.2
.215.8 230.3 218.4 226.5
228.2 232.7233.7 238.1
109.4 116.6 110.8 113.6
42.1 45.8 42. 3 44. 6
18.1 19.8 18. 6 19. 7
46.2 48.1 46. 7 48. 5
116.4 117.7 118.6 120.8
44.8 47.2 46.7 47.3
19.4 20.0 20.0 20.9
47.6 47.8 48.5 49.2
203.8 221.0 209.6 213.9 218.7 223.4228.0 232.5
70.9
29.0
15.0
88.9
76.2
31.2
16.6
97.0
72.2
29.9
15.5
92.0
74.0
30.3
16.2
93.3
75.4
31.0
16.3
95.9
76.9 78.6 80.3
31.5 31.9 32.5
16. 8j 17.1 17.5
98.2100.4 102.1
Table 12. — Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners .
45.8
50.0
46.0
47.5
49.9
52.6 50.1
46.6
Exports of goods and services
45.8
50.0
46.0
47.5
49.9
52.6 50.1
46.6
_ _ 45.8
50.0
46.0
47.5
49.9
52.6 50.1
46.6
41.0
48.1
42.6
46.0
47.9
49.4 49.1
46.6
Transfers to foreigners
Personal
Qo ver nment
3.1
.8
2.2
2.7
.7
2.0
2.6
.7
1.9
2.6
.7
1.9
2.8
.8
2.1
2.8
.7
2.1
2.4
.7
1.7
Net foreign investment
1.7
.8 -1.1
-.8
Payments to foreigners
Imports of goods and services ...
2.8
.7
2.1
.5 -1.8
—2.4
SURVEY OF CUEEENT BUSINESS
10
1967
1968
IV
I
II
1967
1969
1968
1967
May 1968
rv
III
1967
I*
1968
IV
I
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
151.2 176.9 156.4 166.6
171.8182.1
Federal Government expenditures
69.7
32.4
72.0
37.0
74.9 83.7
38.2 38.6
86.8
39.8
92.4
39.9
17.6
41.5
16.4
37.9
17.0
40.5
17.5 17.8
41.2 42.0
18.1
42.4
18.3
46.3
163.6 182.2 168.6 175.1
181.9 184.9
186.9 189.7
100.0 101.2
79.0 79.6
21.0 21.5
101.7 102.4
80.0 80.2
21.7 22.2
Purchases of goods and services
National defense
Other
90.6 100.0
72.4 78.9
18.2 21.1
93.5
74.6
19.0
Transfer payments..To persons
To foreigners (net).
42.3
40.1
2.2
47.8
45.7
2.0
42.7
40.8
Qrants-in-aid to State and local governments
15.7
18.4
17.0
Net interest paid.
10.3
11.9
10.7
Subsidies less current surplus of government enterprises
97.1
76.8
20.3
47.7 48.7
45.6 46.6
2.1 2.1
49.5
47.4
2.1
50.5
48.8
1.7
17.7
18.3 18.5
19.2
19.8
11.3
11.8 12.1
12.3
12.6
45.1
43.2
1.9
IV
I
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
121.2 122.3 123.5 124.9
Gross national product
117.3 121.8 118.9 120.0
Personal consumption expenditures
114.3 118.4 115.7 116.8
118.0 118.7 120.1 121.2
100.4 103. 1 101.7 102.2
112.9 116.8 114.0 115.2
122.1 127.2 123.7 125.1
102.7 103.1 104.1 104.6
116.4 117.2 118.5 119.4
126.7 127.8 129.3 130.8
115.6 120.1 117.4 118.3
119.6 120.8 121.8 123.5
113.5 117.2 114.9 115.8
116.7 117.6 118.5 120.0
Structures
123.6 129.7 125.5 126.3
Producers' durable equipment.. 109.1 112.0 110.3 111.2
128.8 131.3 132.4 136.1
111.7 112.1 113.1 113.6
123.1 129.9 125.6 126.3
123.1 129.9 125.7 126.3
122.6 128.2 124.6 125.4
128.9 131.7 132.5 135.6
128.9 131.8 132.6 135.7
128.4 129.3 129.9 131.8
109.5 110.5 109.7 107.9
104.2 105.4 104.1 104.3
111.6 110.6 111.6 113.1
105.6 105.2 106.3 107.1
Government purchases of goods and
services
..
126.8 132.1 129.2 130.1
131.1 133.0 134.3 135.6
121.2 126.2 123.7 124.4
133.3 138.9 135.5 136.6
124.9 127.2 128.2 129.1
138.4 139.4 140.9 142.6
187.0 196.9
79.3
38.4
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
16.2
accruals
Contributions for social insurance... 36.8
III
Index numbers, 1958=100
Billions of dollars
67.3
30.9
II
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts.
1969
1968
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential. . . .
Residential structures
Nonfarm
Farm
Change in business inventories
Net exports of goods and services
4.8
4.1
Surplus or deficit (—), national
income and product accounts
-12.4 -5.4
4.6
3.9
-12.2 -8.6
4.4
4.1
4.4
-10.2 -2.8
.2
7.2
4.1
Exports.
Imports -
Federal
State and local . _
_
Table 14.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government receipts
91.9 102.4
Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises
107.6 111.3
95.5
97.8
100.8 103.6
15.8
2.7
16.3
2.8
17.0 17.9
2.9 2.9
19.0
3.0
20.1
3.1
54.7
5.1
17.0
55.8
5.2
17.7
57 3 58.9
5.3 5.4
18.3 18.5
60 8
5.5
19.2
62.8
5.5
19.8
93.3 103.6
95.8
99.5
101.9 104.9
108.2 111.6
87.8
8.5
.2
97.2
9.6
.3
90.0
9.0
.2
93.4
9. 2
.2
95.6 98.4
9.4 9.6
.3 .3
101.2 104.5
10.0 10.3
.4
.4
Addendum:
33
3.4
3.3
3.4
Personal tax and nontax receipts
15.2 17.6
Corporate profits tax accruals
2.9
2.6
Indirect business tax and nontax
accruals
58.2
53.4
Contributions for social insurance. .. 5.1 5.3
Federal grants-in-aid
15.7 18.4
State and local government expenditures
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
Surplus or deficit (— ), national
income and product accounts. . . -1.4 -1.2
-.4 -1.7
3.4
3.5
3.5
-1.1 -1.3
-.6
-.3
3.4
Gross national product.
Goods output
113.0113.6 114.5 115.3
106.0 109.0 107.4 107.9
112.8 116.5 113.8 115.0
108. 7109.1.2 110.1 110.8
116.1 116.9 117.8 118.8
Services
126.1 131.8 128.2 129.5
131.1 132.5 134.1 135.7
Structures
124.6 131.1 127.0
127.7
130.2132.6 133.8 137.1
100.0 102.5 101.9 102.1
102.0102.3 103.4 103.8
Durable goods
Nondurable goods..
Gross auto product.
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
Gross national product
Table 15.—Sources and Uses of Gross Saving (5.1)
133.3 138.2
Personal saving. _ .
40.2 40.7
Undistributed corporate profits
- 25.2 26.3
Corporate inventory valuation adjustment
-1.2 -3.1
Corporate capital consumption
allowances
43.4 47.1
Noncorporate capital consumption
allowances
25.7 27.2
Wage accruals less disbursements
.0
.0
139.4
43.4
27.9
133.6 141.4 137.0
40.8
25.5
117.3 121.8 118.9 120.0
121.2 122.3 123.5 124.9
114.8 118.9 116.2 117.2
118.4 119.3 120.5 121.8
Business
Nonfarm
Farm
114.1 118.2 115.5 116.5
114.7 118.8 116.2 117.1
100.7 104.5 101.1 103.2
Statistical discrepancy
-3.5 -4.8
40.9
27.5
136.1
117.8 118.6 119.9 121.2
118.4 119.1 120.4 121.7
101.9 106.3 106.5 107.7
36.9
27.7
Households and institutions
143.7 148.9
44.9
45.7
46.7 47.6
48.5
49.3
26.3
.0
26.6
.0
27.0 27.3
.0 .0
27.7
.0
28.1
.0
;
-11.3 -4.1
-.4
6.9
j
-10.2 -2.8
-1.1 -1.3
.2
-.6
7.2
-.3
j
j
government.
143.7 152.1 147.6
149.1
150.5 153.4 155.1 156.2
1
126.5 127.5
134.8 136.7
j
121.8 119.7 127.3 127.1
.8 -1.1 -.8 .5
136.6 139. 0
-1.8 -2.4
\
}
-4.2 -4.7 -3.6 -5.3
-5.5 -6.4
I
* First quarter 1969 corporate profits (and related components and totals) are preliminary
and subject to revision next month.
c
General
3 1 -5.1 -2.7 -1.0
Government surplus or deficit (—),
national income and product
accounts . .
-13.8 -6.5 -12.5 -10.3
Federal
-12.4 -5.4 -12.2 -8.6
State and local...
-1.4 -1.2 -.4 -1.7
Gross investment
116.0 126.9 122.6 118.7
Gross private domestic investment-- 114.3 127.7
Net foreign investment
1.7 -.8
44.0 37.1
26.3 26.0
140.7
121.2122.3 123.5 124.9
110.0 113.3 111.1 112.0
Private
Gross private saving
117.3 121.8 118.9 120.0
HISTORICAL DATA
Historical national income and product data are available
from the following sources:
1964-67: July 1968 SURVEY OF CURRENT BUSINESS.
1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from any
U.S. Department of Commerce Field Office or from the Superintendent of Documents, U.S. Government Printing Office,
Washington, D.C. 20402, price $1.00 per copy).
SUKVEY OF CUREENT BUSINESS
May 1969
Financial Tables
THESE tables contain the revised and updated statistics on the sources and uses of
funds of nonfarm nonfinancial corporate business, and public and private debt that have
appeared in previous May issues of the SURVEY. The tables on personal investment, saving, and financial transactions that appeared
in previous May issues (tables 2 through 5 of
the May 1968 SURVEY) have been discontinued, pending the completion of a major revision that is now in process by the compiling
agencies. The distribution of nonfarm mortgage debt by borrowing and lending groups, by
type of property (table 7 of the May 1968
SURVEY), is available upon request from the
Office of Business Economics.
The tables on public and private debt have
been revised back to 1916 for net debt (table 2)
and to 1929 for gross debt; the entire time
series is published in this issue of the SURVEY.
A technical note describing the derivation of
the public and private debt estimates is available upon request from the Office of Business
Economics.
Changes in debt, 1968
Combined net public and private debt
rose $132 billion in 1968 to a yearend aggregate of nearly $1.6 trillion. Business
indebtedness accounted for about half of the
total outstanding at the end of last year.
Governments accounted for 28 percent and
individuals for about 23 percent.
Of the $764 billion owed by the business
sector at yearend, corporations accounted
for $604}£ billion, or 38# percent, while
farmers and other unincorporated enterprises
owed $161}S billion or 10 percent.
The Federal Government's debt of $292
billion constituted 18^ percent of the grand
total, while State and local indebtedness
of $128}£ billion made up about 8 percent.
Residential mortgage loans owed by individuals totaled $247}$ billion at the end of
11
$28H billion, $5H billion more than in 1967,
while private debt rose $103J4 billion, $31
billion more than in 1967. Corporations
accounted for most of the surge in private
borrowing in 1968: At $63 billion, their
indebtedness increased $24 billion more than
it had in 1967. Individuals and noncorporate
enterprises borrowed $40}£ billion last year,
$7 billion more than in 1967.
last year, or 16 percent of total debt, and
consumer credit amounted to $113 billion, or
7 percent.
The $132 billion increase in debt last year
was $36}£ billion more than in 1967 and was
the largest amount ever borrowed in a
single calendar year. There was a step-up
in the pace at which each sector went into
debt last year: Public sector debt increased
Table 1.—Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business, 1966-68
[Billion dollars]
1968
1966
1968
- 1967
I
II
III
IV
Seasonally adjusted at annual
rates
Sources, total
Internal sources 1
Undistributed profits l
.
.
Corporate inventory valuation adjustment
Capital consumption allowances 1
External sources
Stocks
Bonds
Mortgages
Bank loans, n.e.c
Other loans
Trade debt
Profits tax liability
Other liabilities
Uses, total
Purchases of physical assets.
Nonresidential fixed investment
Residential structures
Change in business inventoriesIncrease in financial assets 2
Liquid assets . . Demand deposits and currency
Tune deposits . .
U.S. Government securities
Open-market paper
Consumer credit
Trade credit
Other financial assets
Discrepancy (uses less sources)
94.0
61.5
20.7
-1.2
42.0
32.5
2.3
15.1
3.8
5.2
1.7
3.1
-3.8
5.1
90.6
74.1
64.9
3.7
5.5
16.5
.9
-1.7
4.1
-3.0
1.4
1.0
8.7
5.3
-3.4
99.1
61.1
24.4
-1.7
38.4
38.0
1.2
10.2
2.7
6.9
2.5
7.8
.2
6.6
96.7
79.8
63.0
2.8
14.1
16.9
1.0
.7
-.7
-1.2
2.3
1.1
10.8
3.3
-2.3
.
111.0
64.1
21.7
-3.1
45.5
46.9
-.4
12.9
3.7
7.2
3.0
10.0
2.5
8.1
109.7
80.2
69.9
4.0
6.3
29.5
8.9
1.2
2.5
1.7
3.5
1.7
14.9
3.9
-1.4
105.6
60.2
21.1
-5.1
44.2
45.4
1.3
11.5
3.0
3.4
2.8
8.8
9.7
4.9
102.1
73.9
69.3
3.5
1.1
28.2
13.3
3.3
.5
6.6
2.8
1.6
12.9
.5
-3.4
108.4
64.2
21.7
-2.7
45.2
44.2
-.6
13.4
3.9
4.5
.7
13.9
1.3
7.1
107.8
80.2
67.3
3.7
9.3
27.6
6.1
5.6
-3.1
1.0
2.7
1.4
15.4
4.6
-.6
109.1
66.1
21.2
-1.0
46.0
43.0
-1.9
12.1
3.3
4.7
7.1
6.5
-1.7
12.8
107.9
80.7
70.3
3. 7
6.6
27.2
4.1
-9.1
9.9
.3
3.1
2.0
14.1
6.8
-1.2
120.8
65.7
22.7
-3.8
46.8
55.1
-.6
14.6
4.7
16.0
1.3
10.5
.9
7.8
120.8
86.0
72. S
5.1
8.1
34.8
12.4
5.5
2.5
-.8
5.3
1.6
17.1
3.6
-.1
1. The figures shown here for "internal sources," "undistributed profits," and "capital consumpJion allowances" differ
from those shown for "cash flow, net of dividends," "undistributed profits," and "capital consumption allowances*' in the
gross corporate product table 9 (p. 9 of this issue of the SURVEY) for the following reasons: (1) these figmes include, and the
statistics in the gross corporate product table exclude, branch profits remitted from foreigners, net of corresponding U.S.
remittances to foreigners; and (2) these figures exclude and the gross product figures include, the internal funds of corporations
whose major activity is farming.
2. Includes some categories not shown separately.
Source: Board of Governors of the Federal Reserve System
Table 2.—Net Public and Private Debt, End of Calendar Year, 1916-68
[Billion dollars]
Public
Private
Individual and noncorporate
Corporate
End of Year
1916
1917
1918
Total
82.2
94.5
117.5
Federal
Total Federal i financial 2
agencies
5.7
12.1
26.0
1.2
7.3
20.9
State
and
local
4.5
4.8
5.1
Total
76.5
82.4
91.5
Longterms
Notes
and
Other
accounts
payable
Nonfarm mortgage
Farm <
Short-term 3
Total
Total
Produc- Morttion
gage
40.2
43.7
47.0
36.3
38.7
44.5
2.0
2.5
2.7
Other nonfarm 5
Multifamily
Finan- Conresidential Comsumer
and com- mercial cial
mercial
l-to4family
5.8
6.5
7.1
8.4
9.3
9.6
20.1
20.4
25.1
1919
128.3
25.6
5.5
97.2
53.3
43.9
3.5
8.4
10.1
19.3
2.6
1920
1921
1922
1923
1924
1925
1926
1927
1928
135.7
136.3
140.2
146.7
153.4
162.9
169.2
177.9
186.3
29.9
30.1
30.7
30.4
30.4
30.6
30.3
30.3
30.2
23.7
23.1
22.8
21.8
21.0
20.3
19.2
18.2
17.5
6.2
7.0
7.9
8.6
9.4
10.3
11.1
12.1
12.7
105.8
106.2
109.5
116.3
123.0
132.3
138.9
147.6
156.1
57.7
57.0
58.6
62.6
67.2
72.7
76.2
81.2
86.1
48.1
49.2
50.9
53.7
55.8
59.6
62.7
66.4
70.0
3.9
3.3
3.1
3.0
2.7
2.8
2.6
2.6
2.7
10.2
10.7
10.8
10.7
9.9
9.7
9.7
9.8
9.8
11.7
12.8
14.1
16.3
18.6
21.3
24.0
26.9
29.6
19.3
19.4
19.7
20.0
20.6
21.1
21.2
21.8
21.6
3.0
3.0
3.2
3.7
4.0
4.7
5.2
5.3
6.3
31.1
1929.
191.9
30.1
16.5
13.6
161.8
88.9
47.3
29.2
12.4
72.9
2.6
9.6
18.0
13.2
22.4
7.1
1930....
1931. _.
1932
1933
1934.
1935
1936
1937..
1938
192.3
182.9
175.0
168.5
171.6
175.0
180.6
182.2
179.9
31.2
34.5
37.9
40.6
46.3
50.5
53.9
55.3
56.6
16.5
18.5
21.3
24.3
30.4
34.4
37.7
39.2
40.5
14.7
16.0
16.6
16.3
15.9
16.1
16.2
16.1
16.1
161.1
148.4
137.1
127.9
125.3
124.5
126.7
126.9
123.3
89.3
83.5
80.0
76.9
75.5
74.8
76.1
•75.8
73.3
51.1
50.3
49.2
47.9
44.6
43.6
42.5
43.5
44.8
26.6
23.7
20.8
19.6
21.3
21.4
22.4
21.3
18.1
11.6
9.5
10.0
9.4
9.6
9.8
11.1
11.0
10.4
71.8
64.9
57.1
51.0
49.8
49.7
50.6
51.1
50.0
2.4
2.0
.6
.4
.3
.5
.4
.6
2.2
9.4
9.1
8.5
7.7
7.6
7.4
7.2
7.0
6.8
17.9
17.2
15.8
14.6
14.8
14.7
14.6
14.7
15.0
14.1
13.7
13.2
11.7
10.7
10.1
9.8
9.6
9.5
21.6
17.6
14.0
11.7
11.2
10.8
11.2
11.3
10.1
6.4
5.3
4.0
3.9
4.2
5.2
6.4
6.9
6.4
1939
183.3
59.0
42.6
16.4
124.3
73.5
44.4
18.5
10.7
50.8
2.2
6.6
15.5
9.5
3.8
6.0
7.2
SURVEY OF CUREENT BUSINESS
12
May 1969
Table 2.—Net Public and Private Debt, End of Calendar Year, 1916-68—Continued
Public
Private
Individual and noncorporate
Corporate
End of Year
1940 ..
1941
1942
1943 ..
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956 .
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
.
Total
Federal State
Total Federal 2 financial 2 and
agencies
local
189.8
211.4
258.6
313.2
370.6
405.9
396.6
415.7
431.3
445.8
486.2
519.2
550.2
581.6
605.9
664.9
698.3
728.3
769.1
831.4
872.4
929.8
997.1
1, 071. 7
1, 153. 7
1, 245. 6
1,340.8
1, 436. 4
1, 568. 5
61.2
72.4
117.1
168.9
225.8
265.9
243.2
237.4
232.9
237.4
239.8
242.4
249.8
258.9
265.9
272.7
271.1
274.0
286.7
303.1
306.3
320.7
337.0
349.4
363.9
375.3
390.2
413.3
441.9
44.8
56.3
101.7
154. 4
211.9
252.5
229.5
221.7
215.3
217.6
217 A
216.9
221.5
226.8
229.1
229.6
224.3
223.0
231.0
241.4
239.8
246.7
253.6
257.5
264.0
266.4
271.8
286.4
291.9
0.7
.6
.7
.7
1.3
1.3
1.4
1.3
2.9
2.4
2.4
2.5
3.7
3.5
4.0
5.3
7.2
7.5
8.9
11.2
9.0
21.5
16.4
16.1
15.4
14.5
13.9
13.4
13.7
15.0
17.0
19.1
21.7
24.2
27.0
30.7
35.5
40.2
44.4
48.6
53.2
58.0
63.0
70.0
78.1
84.7
92.4
99.9
107.1
117.9
128.6
128.6
139.0
141.5
144.3
144.8
140.0
153.4
178.3
198.4
208.4
246.4
276.8
300.4
322.7
340.0
392.2
427.2
454.3
482.4
528.3
566.1
609.1
660.1
722.3
789.7
870.4
950.6
1, 023. 1
1, 126. 6
Farm
Short-term 3
Total
Total
Longgerm 3
75.6
83.4
91.6
95.5
94.1
85.3
93.5
108.9
117.8
118.0
142.1
162.5
171.0
179.5
182.8
212.1
231.7
246.7
259.5
283.3
302.8
324.3
348.2
376.4
409.6
454.3
502.7
541.7
604.5
43.7
43.6
42.7
41.0
39.8
38.3
41.3
46.1
52.5
56.5
60.1
66.6
73.3
78.3
82.9
90.0
100.1
112.1
121.2
129.3
139.1
149.3
161.2
174.8
192.5
209.4
231.3
257.6
284.6
Notes
and
accounts
payable
Other
18.9
21.8
21.7
22.0
22.4
21.5
26.4
31.4
32.7
31.1
40.1
45.6
49.2
49.5
50.5
62.8
70.3
72.6
75.8
83.7
89.7
96.0
103.3
112.6
121.1
138.6
153.1
160.5
176.9
13.0
18.0
27.3
32.5
31.9
25.5
25.8
31.4
32.6
30.3
41.8
50.3
48.5
51.7
49.5
59.4
61.4
62.0
62.6
70.3
74.0
78.9
83.7
89.1
96.0
106.3
118.3
123.6
142.9
Total
53.0
55.6
49.9
48.8
50.7
54.7
59.9
69.4
80.6
90.4
104.3
114.3
129.4
143.2
157.2
180.1
195.5
207.6
222.9
245.0
263.3
284.8
311.9
345.8
380.1
416.1
447.9
481.4
522.2
Production
2.6
2.9
3.0
2.8
2.8
2.5
2.7
3.5
5.5
6.4
6.2
7.0
8.0
9.1
9.3
9.7
9.6
9.8
12.1
11.7
12.3
13.6
15.0
16.4
17.1
18.1
19.1
22.8
22.7
4
Nonfarm mortgage
Mortgage
1- to 4family
6.5
6.4
6.0
5.4
4.9
4.8
4.9
5.1
5.3
5.6
6.1
6.7
7.2
7.7
8.2
9.0
9.8
10.4
11.1
12.1
12.8
13.9
15.2
16.8
18.9
21.2
23.3
25.5
27.5
Other nonfarm s
Multifamily
residential
Com- Finan- Conand com- mercial cial sumer
mercial
16.5
17.4
17.3
16.9
17.0
17.7
22.1
27.1
32.0
36.4
43.9
50.4
57.1
64.7
74.1
86.3
96.8
105.2
114.5
127.3
137.4
148.9
161.9
177.1
193.3
208.7
221.0
232.3
247.5
9.7
10.1
10.4
10.7
10.9
11.3
11.8
12.0
12.3
12.4
12.6
12.9
13.6
13.7
13.9
15.6
18.4
21.5
25.6
28.1
31.8
34.6
38.0
4.3
5.0
4.1
3.8
3.7
4.4
6.2
7.1
7.8
7.9
8.9
9.5
10.3
9.9
10.4
12.4
13.3
13.2
13.7
15.3
16.6
17.9
19.3
21.5
23.5
27.0
30.9
35.1
38.6
18.0
17.9
17.2
15.8
14.6
14.8
14.7
14.6
14.7
15.0
15.5
16.5
17.4
17.3
16.9
17.0
17.7
22.1
27.1
32.0
36.4
43.9
50.4
57.1
64.7
74.1
86.3
96.8
105.2
114.5
127.3
137.4
148.9
161.9
177.1
193.3
208.7
221.0
232.3
247.5
13.2
14.1
13.7
13.2
11.7
10.7
10.1
9.8
9.6
9.5
9.5
9.6
9.7
9.5
9.2
9.0
9.3
9.7
10.1
10.4
10.7
10.9
11.3
11.8
12.0
12.3
12.4
12.6
12.9
13.6
13.7
13.9
15.6
18.4
21.5
25.6
28.1
31.8
34.6
38.0
22 4
21 6
17 6
14 0
11 7
11 2
10 8
11 2
11 3
10 1
3.8
4.3
5.0
4.1
3.8
3.7
4.4
6.2
7.1
7.8
7.9
8.9
9.5
10.3
9.9
10.4
12.4
13.3
13.2
13.7
15.3
16.6
17.9
19.3
21.5
23.5
27.0
30.9
35.1
38.6
9.6
9.7
9.5
9.2
9.0
9; 3
5.2
5.0
4.0
5.7
8.1
10.3
5.9
4.8
5.1
6.0
6.9
6.7
7.5
8.5
10.4
11.6
11.1
11.1
12.8
13.4
14.2
16.9
18.3
20.8
21.5
22.7
24.3
29.1
34.6
8.3
9.2
6.0
4.9
5.1
5.7
8.4
11.6
14.4
17.4
21.5
22.7
27.5
31.4
32.5
38.8
42.3
45.0
45.1
51.5
56.1
58.0
63.8
71.7
80.3
90.3
97.5
102.1
113.2
Table 3.—Gross Public and Private Debt, End of Calendar Year, 1929-68
1929
1930
1Q31
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943 . .
1944
1945
1946 ..
1947
1948
1949
1950...
1951
1952
1953
1954
1955
1956
1957..
1958
1959...
1960
1961
1962
1963. .
1964
1965
1966. .
1967
1968
215.2
215 4
203.8
194.9
188.2
192.9
195.3
201.4
204.0
202.1
206.5
214.4
238.7
289 1
348.2
410.4
449.8
446.0
473.4
493.4
510.8
555.1
594.4
631.6
667.1
694 5
761.5
801. 1
836.1
880.0
947.8
995.2
1, 056. 6
1, 129. 6
1,211.0
1, 302. 2
1, 403. 4
1, 515. 4
1, 651. 6
1,773 6
35.3
36 2
38.6
41.7
44.8
52.5
55 8
59.9
62.7
65.4
68.9
72.4
85.6
132 9
189.1
250.7
295 6
276.8
275.8
274 0
280.8
283.8
289 5
300.6
312.4
321 0
330.4
330 7
335.1
347.6
365.1
370 3
384.3
401 5
415.3
432.3
444 3
466.1
495.7
526 9
17.5
17 3
19.1
22.0
25 3
33.3
36 2
40 3
43.1
45.6
48.8
52.2
65 6
113 7
171 0
233.6
279 6
260 7
257.6
253 8
257 9
257.8
260 2
268.3
276.0
279 5
282.2
278 3
278.1
285 3
296.5
296 6
303.0
311.3
317.4
327.0
330.7
343.3
364.8
373.1
0.7
6
.7
7'
13
1.3
14
13
2.9
24
2.4
25
3.7
35
4.0
53
7.2
7.5
89
11.2
9.0
21 5
17 8
18 9
19 5
19 7
19 5
19 2
19 6
19 6
19 6
19.8
20 1
20 2
20 0
19 2
18 1
17 1
16 0
16 1
17 5
19 6
22 2
25 3
28 0
31 0
35 0
40 2
45 3
50 0
54 6
59 8
64.9
70 2
77.3
84 9
90 7
97.7
104 7
111 6
122.0
132 3
179 9
179 2
165 2
153 2
143 4
140 4
139 5
141 5
141 3
136.7
137 6
142.0
153 1
156 2
159 1
159 7
154 2
169 2
197 6
219 4
230 0
271 3
304 9
331.0
354 7
373 5
431 1
470 4
501 0
532 4
582.7
624 9
672.3
728 1
795.7
869.9
959 1
1, 049. 2
1, 155. 9
1 246 7
107 0
107 4
100 3
96 1
92 4
90 6
89 8
90 9
90 2
86.8
86.8
89 0
97 5
106 3
110 3
109 0
99 5
109 3
128 2
138 8
139 6
167 0
190 6
201 6
211 5
216 3
251 0
274 9
293 4
309 5
337.7
361 6
387.5
416 2
449.9
489.8
543 0
601.3
674.5
724 6
56 6
61 1
60 1
58 8
57 2
53 2
52 0
50 5
51 5
52.8
52 1
51 2
51 2
50 2
48 4
47 0
45 3
48 4
55 0
62 8
67 7
72 2
79 9
88 0
93 9
99 5
108 1
120 3
134 9
146 0
156.0
168 0
180.5
194 9
211.2
232.8
253 1
279.6
336.7
344 4
35 4
32 3
28 8
25 3
23 8
25 8
26 0
27 1
25 6
21.6
22.2
22.7
26 2
26 0
26 3
26.9
25 7
31 7
37.7
39 2
37 3
48 1
54 7
59.1
59 4
60 6
75 4
84 4
87.1
90 9
100.4
107 6
115.2
124 0
135.1
145.3
166.3
183.7
192.6
212 2
15.0
14 1
11 5
12 1
11 4
11 6
11 9
13 3
13 1
12.3
12.5
15.0
20 1
30 1
35 6
35.1
28 5
29 2
35.5
36 7
34 5
46.8
56 1
54.5
58 2
56 3
67.5
70 2
71.5
72 6
81.3
86 0
91.8
97.4
103.5
111.7
123.6
138.0
145.1
167 9
72 9
71 8
64 9
57 1
51 0
49 8
49 7
50 6
51 1
50.0
50.8
53.0
55 6
49 9
48 8
50.7
54 7
59 9
69.4
80 6
90 4
104.3
114 3
129.4
143 2
157 2
180.1
195 5
207.6
222.9
245.0
263 3
284.8
311.9
345.8
380.1
416.1
447.9
481.4
522.2
2.6
24
20
1.6
14
1.3
15
1.4
1.6
2.2
2.2
2.6
29
30
28
2.8
25
2.7
3.5
5.5
6.4
6.2
7.0
8.0
9. 1
93
9.7
9.6
9.8
12.1
11.7
12.3
13.6
15.0
16.4
17.1
18.1
19.1
22.8
22.7
9.6
9.4
9.1
8.5
7.7
7.6
7.4
7.2
7.0
6.8
6.6
6.5
6.4
60
5.4
4.9
4.8
4.9
5.1
5.3
5.6
6.1
6.7
7.2
7.7
8.2
9.0
9.8
10.4
11.1
12.1
12.8
13.9
15.2
16.8
18.9
21.2
23.3
25.5
27.5
6.0
5.2
5.0
4.0
5.7
8.1
10.3
5.9
4.8
5.1
6.0
6.9
6.7
7.5
8.5
10.4
11.6
11.1
11.1
12.8
13.4
14.2
16.9
18.3
20.8
21.5
22.7
24.3
29.1
34.6
7.1
6.4
5.3
4.0
3.9
4.2
5.2
6.4
6.9
6.4
7.2
8.3
9.2
6.C
4.9
5J
5.7
8.^
11.6
14.^
17.^
21.fi
22.7
27.fi
31. ^
32.fi
38. S
42.i
45. C
45.:
51.fi
56.1
58. C
63. £
71.7
80.2
90.2
97.!
102.]
m/<
FOOTNOTES—TABLE 2
Intermediate Credit Banks and Banks for Cooperatives are included beginning with 1968.
1. Net Federal Government and agency debt is the outstanding debt held by the public, as
3. Long-term debt is debt having a maturity of 1 year or more, short-term debt is that which
defined in the Budget of the United States Government, Fiscal Year 1969. Figures shown here
will mature within a year.
are subject to revision.
4. Farm mortages and farm production loans. Farmers' financial and consumer debt is in2. This comprises the debt of federally sponsored agencies, in which there is no longer any
cluded in the nonfarm categories.
Federal proprietary interest. The obligations of the Federal Land Banks are included here
5. Financial debt is owed to banks for purchasing or carrying securities, customers debt to
beginning in 1947; the debt of the Federal Home Loan Banks is included beginning in 1951; and
brokers, and debt owed to life insurance companies by policyholders.
the debts of the Federal National Mortgage Association—Secondary Market Operations, Federal
FOOTNOTES—TABLE 3
having a maturity of less than 1 year.
1. Gross Federal Government debt consists of the public debt as defined in the Second
4. Comprises debt of farmers and farm cooperatives to institutional lenders and Federal
Liberty Bond Act of 1917, as amended, plus the obligations to the public of Federal agencies
Government lending agencies, and farm mortgage debt owed to individuals and others;
in which the Federal Government had a proprietary interest each year.
farmers'
financial and consumer debt is included in the "nonfarm" category.
2. This comprises the debt of certain federally sponsored agencies, in which there is no
5. Comprises debt incurred for commercial (nonfarm), financial, and consumer purposes
longer any Federal proprietary interest. The obligations of the Federal Land Banks are inincluding debt owed by farmers for financial and consumer purposes.
cluded here beginning in 1947. The debt of the Federal Home Loan Banks is included beginning in 1951; and the debts of the Federal National Mortgage Association—Secondary Market
Sources: Department of Commerce, Office of Business Economics; Treasury Department;
Operations, Federal Intermediate Credit Banks and Banks for Cooperatives are included
Department of Agriculture; Board of Governors of the Federal Reserve System; Federal
beginning in 1968.
Home Loan Bank Board; Federal Land Banks; and Federal National Mortgage Association.
3. Xong-tenn debt is defined as having a maturity of 1 year or more; short-term debt as
By DONALD A. KING
Monetary Restraint in 1969
So far in 1969, heavy demands for
credit and a tightly restricted supply
of lendable funds have been reflected
in credit shortages and steeply rising
financing costs. This article reviews
recent developments in financial
markets, with major emphasis on the
impact of credit tightening on the
commercial banking system.
E
CONOMIC activity this year has
been sustained by the exceptional
strength in plant and equipment outlays, by the buoyancy in consumer expenditures, and by continued high rates
of government spending. Heavy demands for goods and services have led to
a continuation of inflationary pressures
and to strong demands for credit
accommodation. Against this background, the monetary authorities have
moved decisively with their program of
credit restraint, and conditions in
money and credit markets have tightened very considerably.
Although credit demands in the first
4 months of this year have remained
strong, a mixed pattern of borrowing
has emerged among the major borrowing groups. With the Federal budget
moving into surplus, Treasury demands
have lessened appreciably from last
year's hectic pace. Moreover, the volume of security issues by State and
local governments has been noticeably
curtailed as a result of very high interest
rates and reduced purchases of these
securities by banks, and other investors.
Consumers, on the other hand, have
continued to add to their debt in both
the residential mortgage market and the
consumer credit market, although consumer credit has shown some letup from
an exceptionally high fourth quarter.
Finally, corporate demands in capital
markets in the first quarter of the year
appear to be little changed from the
very high volume in the final quarter of
last year, but corporations have sharply
accelerated their borrowing from banks
and in the commercial paper market.
Despite this mixed pattern among
major groups, demands for credit have
been substantial and, in a setting of a
tightly restricted supply of lendable
funds, have been reflected in credit
shortages and steeply rising financing
costs.
Financing Costs
After advancing very sharply from
last October to record levels at yearend, interest rates and bond yields
continued on a steady upward course
in the early months of this year (chart
7). However, from late March through
late April, credit market conditions
improved, the rate of advance in
financing costs slackened, and yields
in some longer markets recorded moderate declines.
In short-term markets, the trend of
interest rates over recent months has
been reflected in changes in the prime
rate or the interest charge that banks
assess their most creditworthy business
borrowers. This rate was increased from
6J4 to 7 percent in three equal steps
from early December to early January
and then raised to 7^ percent on
March 17. While most short-term
market rates moved in a generally
parallel path, a noteworthy exception
was the yield on 3-month Treasury
bills. After a pronounced rise late in
1968, bill yields have on balance remained below last year's peak level as
market demand for this type of highly
liquid asset has increased. In part, this
demand for Treasury bills reflects the
recent efforts by corporations and
other institutions to build up their
liquidity as a hedge against further
credit tightening. It also reflects the
shift of funds out of certificates of
deposits into Treasury bills and the
fact that bills provide relatively safe
employment for funds fleeing the uncertainty that has plagued longer term
credit and equity markets.
During the second quarter of this
year, the improvement in the Federal
Government's fiscal position will enable
the Treasury to retire about $5 billion
in public debt. In addition, Government investment accounts during this
period are expected to increase their
purchases of Federal securities by more
than $4 billion. Consequently, debt held
by the public will decline about $9
billion from April through June according to current estimates. This will
accentuate the relative scarcity of this
type of asset and should result in further downward pressure on bill yields in
the months ahead. However, it should
be noted that such a decrease could be
offset by additional tightening action
from the monetary authorities or by
heavy sales of these assets by corporations; in the second quarter of the year,
corporations will be making tax payments substantially in excess of
accruals.
Rise in bond yields
From December through March,
heightened inflationary expectations led
investors to reduce their participation
in bond markets; underwriters encountered increasing difficulty in distributing new issues, and dealers added
to the supply of securities by reducing
inventories. At the same time, a more
stringent credit policy intensified pressure on the commercial banks, which
made large net sales of U.S. Government securities and markedly reduced
their purchases of State and local obligations. As conditions in capital
13
SURVEY OF CURRENT BUSINESS
14
markets deteriorated, bond yields
moved rapidly upward. By the end of
March, rates on corporate Aaa and
State and local Aaa obligations were
nearly one-half of a percentage point
above their end-of-year highs. For
Interest Rates and Bond Yields
Percent
INTEREST RATES
Prime Rate-
Reserve Bank
\\ f [^—Discount Rate
J
-v n • «
•,„
x. 3-Month
\Prime Commercial Paper " ^Treasury Bills
(4-6 Months)
1964
65
66
67
68
69
BOND YIELDS
FHA Mortgages
on New Homes
(Secondary Market)
U.S. Long-Term
v
State and Local
(Moody's Aaa)
2 I l l i n i u m i i i n l i n i n i n l i i i i i 1 1 1 1 ill H n 1 1 n ill mi niiiliiin
1964
65
66
67
68
69
Data: FRB, FHA, Moody's & Treas.
U.S. Department of Commerce, Office of Business Economics
69-5-7
May 1960
corporations, yields were more than 1 Federal Reserve System began to inpercent above their 1968 lows reached tensify its program of credit stringency.
The first ovjert step in this direction
in the third quarter of last year, and
for State and local governments, nearly was the increase in the discount rate
from 5% to 5% percent in mid-December.
\% percent higher.
In recent weeks, a number of devel- This decision reversed the % percentage
opments have contributed to a moder- point reduction of last August and helped
ate recovery in capital markets. Initi- bring the discount rate into better
ally, expectations revived that some alinement with other short-term market
solution to the Vietnam problem was in rates, which had been rising sharply
the offing. This occurred at a time when since mid-October. Moreover, to further
there was growing belief that bond their policy of restraint, the monetary
sales had been excessive and that condi- authorities employed open market sales
tions in long-term markets were favor- of U.S. Government securities and
able to a bond rally. Then came the brought the expansion in total member
announcement of further credit tight- bank reserves to a virtual standstill.
ening via the rise in the discount rate In addition, they permitted severe
and in reserve requirements held against pressure on the banking system to
demand deposits. Also, the new admin- develop by refusing to raise Regulation
istration submitted its review of the Q interest rate ceilings on time deposits.
The most recent move toward inbudget promising more fiscal restraint
for the coming fiscal year than that creased restraint came on April 3,
contained in the budget submitted in when the Federal Reserve System
January. Most recently, President raised the discount rate and the reserve
Nixon proposed that the 7 percent in- requirements on demand deposits. The
vestment tax credit be repealed and discount rate was increased from 5J^
that the surtax be continued beyond its to 6 percent, its highest level since
scheduled June 30 expiration date. 1929. Reserve requirements on demand
These developments probably helped to deposits were raised by J^ a percentage
allay some of the inflationary psychol- point, which increased the maximum
ogy that had badly depressed markets reserve ratios on demand deposits in
excess of $5 million at Reserve city
during the first quarter.
banks to 17J^ percent and at other
banks to 13 percent. This action was
Federal Reserve Tightening
estimated to have absorbed some $650
million in reserve funds.
Throughout most of 1968, the Federal
Although the Federal Reserve System
Reserve System pursued a monetary has currently achieved a degree of
policy designed to provide a limited credit stringency in financial markets
accommodation of unusually large that is comparable to the restrictiveness
credit demands. After achieving some of credit policy in 1966—to judge by
slowdown in credit expansion during many of the commonly used measures—
the first 5 months of the year, credit it is significant that the disorderly
tightening was greatly relaxed around market conditions that developed in
midyear, when the passage of the the summer of 1966 have been avoided.
Expenditure and Revenue Control Act This probably reflects greater sensitivity
introduced fiscal restraints. Last year's on the part of the Federal Reserve
policies permitted growth in bank authorities to the circumstances that
gave rise to the disruptions in the
credit, money supply, and time deposits
summer of that year. Also, financial
on a scale similar to that which occurred institutions and others are apparently
the year before, when credit policies much more aware of the possibility of
were consistently expansive. Toward a "credit crunch" and are better prethe latter part of 1968, when it became pared to make adjustments to a policy
apparent that the prevailing combina- of restraint than they were 3 years ago.
tion of fiscal and monetary policies In addition, the tightening of credit
was not achieving the desired slow- has been more even so far this year
down in inflationary pressures, the because the nonbank deposit-type in-
Changes in Selected Measures of Monetary Policy
Dec. 1965- June 1966- Dec. 1966June 1966 Dec. 1966 Dec. 1967
Dec. 1967- June 1968- Dec. 1968June 1968 Dec. 1968 Apr. 1968
[Billion dollars, seasonally adjusted at annual rates]
Total reserves
15
SURVEY OF CURRENT BUSINESS
May 1969
.
___
..._
Net free reserves (unadjusted)
Monetary base *
1.0
-0.4
2.3
1.2
2.4
-0.4
-.7
A
.3
-.9
.1
-1.7
2.8
1.8
4.1
4.4
5.0
2.4
-.89
1.56
-.05
1.39
Rate on Federal funds (basis point change
based on monthly average)
.85
.23
1. Sum of member bank reserves with Federal Reserve Banks (including reserve adjustments) and currency in circulation.
stitutions have not encountered the
exceptionally heavy withdrawals that
proved so harmful in 1966. Finally, a
better balanced impact from credit
policy can be expected this year insofar
as fiscal policy is assuming some of the
burden of restraining the economic
expansion.
Commercial Bank Deposits
A leveling in the total deposit liabilities of commercial banks has accompanied this year's step-up in credit
restraint. After increasing at an average
annual rate of 11 percent in 1967 and
1968, total bank deposit liabilities were
unchanged (seasonally adjusted) from
the end of December through April.
During this period, a very small
advance in private demand deposits
was more than offset by a pronounced
decline in time deposits.
Decline in time deposits
Commercial bank time deposits, after
increasing an average $23 billion in
1967 and 1968, declined $10K billion at a
seasonally adjusted annual rate during
the first 4 months of this year. This was
the first pronounced decrease in these
deposits in the postwar period and reflected mainly the pressure from Regulation Q ceilings, which resulted in a
large scale runoff of certificate of deposit
funds.
With the rates that banks can pay for
time deposits low relative to rates investors can earn on open market investments, the large commercial banks have
suffered a severe attrition in their
holdings of CD funds; through April,
the decline amounted to nearly $6
billion. Although pressure from Regulation Q ceilings is not new to the banks,
the deposit drain has never reached
current proportions.
decline in proportion to the CD runoff
since the shift to direct lending converts time deposits to demand deposits.
Here, however, it must be recognized
that in converting from time deposits
(which carry an average 4% percent
reserve requirement) to demand deposits (which carry an average 15%
percent reserve requirement), the required reserves of the banking system
will increase even though total reserves
remain unchanged. This reduces deposit creation and the volume of bank
credit.
Furthermore, it should be noted that
it is the large banks, notably those in
New York, that are losing time deposits
through CD drains, and these are not
.
Money and Credit
With credit restraint intensified
in 1969, member bank borrowings r o s e . . .
Billion $
1.2
MEMBER BANK BORROWINGS
(Monthly average, unadjusted)
1.0
Change
Billion
dollars
>• s
.8
Percent
.6
.4
Mid-August to mid-December 1966
-3.2
17.1
Mid-March to mid-June 1968
-2.0
9.5
End of November 1968 to end of April
1969.
-6.7
27.5
.2
0
the expansion in bank credit was severely reduced.
This squeeze on the banks from
Regulation Q ceilings has a number of
interesting characteristics. For example,
total credit for the economy need not
decline in proportion to the CD runoff,
because former holders of CD balances
may place their funds directly in the
open market (for instance, in the commercial paper market); thus, direct
lending becomes a substitute for bank
lending. Also, the total deposit liabilities of the banking system need not
Percent Change
]
BANK CREDIT
rTk..
growth in money stock slowed. . .
MONEY STOCK
n-i. ,rTrh,rfhnl
-2
and time deposits declined
TIME DEPOSITS i— i
Changes in Selected Monetary Aggregates
[Billion dollars, seasonally adjusted at annual rates]
•rfh,, In- 'u
2 -
Dec. 1965- June 1966- Dec. 1966June 1966 Dec. 1966 Dec. 1967
Money stock (currency and demand deposits) ...
Dec. 1967- June 1968June 1968 Dec. 1968
Dec. 1968Apr. 1969
7.4
-0.2
10.9
12.2
11.4
*8.1
Time deposits
15.0
80
25 4
94
32 2
—10 5
Money stock plus time deposits
22.4
78
36 3
21 6
43 6
24
I
1
-2
1966
1967
1969
FRB
1. Change from beginning to end of quarter.
*See footnote 1, p. 16.
1968
Seasonally Adjusted
U.S. Department ot Commerce, Office of Business Economic:
16
necessarily the same banks that are
experiencing increases in demand deposits. Thus, pressure from Regulation
Q ceilings may be having a significantly
disproportionate impact on the large
banks. This suggests that policy regarding Regulation Q can be very severe for
those banks suffering net deposit losses
while considerably less restrictive for
the entire banking system. It also
suggests that CD drains may be accentuating the traditional portfolio behavior of banks during tight money periods,
i.e., accentuating their tendency to
limit investments in longer term markets in favor of shorter term, more
liquid investments. Two aspects of this
behavior may be noted. On the one
hand, the banks suffering from net
deposit losses may be forced to make
difficult portfolio adjustment's, such as
selling longer term U.S. Government
securities or State and local securities.
On the other hand, banks benefiting
from gains in demand deposits may
consider these deposits much more
volatile than time deposits and hence
may concentrate their investments in
short term, highly liquid assets.
Growth in money stock slows
During the first 4 months of this year,
the money stock (currency and private
demand deposits) has expanded at a
seasonally adjusted annual rate of
$8 billion.1 This represents a slower
rate of growth than the advance of
nearly $12 billion last year and $11
billion in 1967.
Although the policies of the monetary
authorities have prevented any increase
in the total deposits of commercial
banks, the public has shown a preference for holding demand deposits,
and this, along with an increase in
currency in circulation, has meant a
small expansion in money stock. In
addition to credit tightening by the
monetary authorities, it may be noted
that the pronounced slowdown in the
1. In the early part of April, the money stock registered an
unusual increase that was primarily related to a technical
decline in cash items in process of collection. Since these
items are subtracted from gross demand deposits, this decline
was reflected in a sharp temporary rise in the demand deposits component of the money stock. By the end of April,
however, money stock was lower than its end of March level.
If growth in money stock is measured from the last week in
December to the last week in April, the seasonally adjusted
annual rate of advance is only $2.7 billion.
SURVEY OF CURRENT BUSINESS
May 1969
expansion of the money stock is also—
to a small extent—the result of the
Treasury's decision to build up its
cash balances at commercial banks.
Such deposits are excluded from the
private money stock. When the Treasury decides to spend these deposits
later on, private demand deposits and
money stock will expand.
Greater inflow of Euro-dollars
In recent years, when pressures have
been exerted on bank reserve positions,
some of the large banks with foreign
offices abroad have engaged in heavy
borrowing of Euro-dollars—i.e., dollar
deposits in foreign banks—through their
branch offices. When Euro-dollars are
obtained by branch offices and sent
back to their head offices in the United
States, the funds gained by one U.S.
bank are deposits lost by other U.S.
banks, and the inflow of Euro-dollars
to the United States does not result
in an addition to our money supply or
to bank reserves.2
However, in accounting for Eurodollar borrowings, the head office in the
United States records these as liabilities
owed to foreign branches under "other
liabilities" on their balance sheet.
The significance of this is that under
Federal Reserve regulations, when the
funds are transferred in this way, reserves no longer have to be held against
them. Consequently, for the banking
system as a whole, average required
reserves decline and some expansion of
money and credit can occur.
The use of Euro-dollars by some of
the large U.S. banks during periods
of credit scarcity first emerged on a
significant scale in the last half of
1966. It appeared again in 1968 and,
on a very large scale, over the first
4 months of this year. The bidding for
Euro-dollars by the branches of U.S.
banks has added substantial strains
to the Euro-dollar market. For example,
the London market rate on 3-month
Euro-dollars rose from about 7% percent
at the close of last year to just short of
8% percent by the end of April.
2. When Euro-dollars are obtained by branch offices, they
are in the form of drafts or checks drawn against other U.S.
banks. These drafts or checks are sent to the head office in
the United States for collection. As the checks are cleared,
the head office will acquire reserves and increase its liabilities
to its foreign branch, while the U.S. bank against
which the check is drawn will lose reserves and have an
equivalent decline in its deposits liabilities. The funds
obtained by the head office are then employed to offset
reserve losses resulting from withdrawals of deposits or to
expand its loan portfolio, while the bank losing reserves will
have to contract its loans and investments. Thus, the funds
gained by one U.S. bank are deposits lost by other U.S.
banks, and the inflow of Euro-dollars to the United States
does not result in an addition to our money supply or to bank
reserves.
Net Change in Liabilities of U.S. Banks to
Their Foreign Branches
1966
1968
1969
June-
Total
Jan.Apr.
Dec.
Net change (billion $)
Percent change
21
2 7
2 5
106.9
64.5
35.3
Furthermore, it should be pointed out
that general credit tightening here and
particularly the resulting heavy U.S.
demand for Euro-dollars have contributed to credit tightening and higher
interest rates in several foreign countries. Although this development was
not entirely unwelcome in countries
suffering from inflationary pressures,
it has recently increased concern over
the possibility that credit restraint
in the United States could have unwanted deflationary effects on foreign
money and credit markets.
Exploring new sources of funds
Pressures from monetary policy have
not only caused some of the large banks
to increase their Euro-dollar borrowing, but have also led them to seek out
new sources of loanable funds. So far
this year, some banks have experimented with several devices that enable
them to offset deposit drains and thus
enlarge their lending capacity. These
include the sale of commercial paper
(by holding companies or subsidiaries),
sales of loan participations to corporations (or in some cases to other banks),
and sales of loans to foreign branches.
The first two of these reflect bankers'
attempts at "re-intermediation," i.e.,
competition for funds that could otherwise be directly transacted between
borrower and lender. The third—the
sales of loans to foreign branches—is
similar in its impact to the transfer c
Euro-dollars discussed above. AlthougL
under some circumstances, these devices can release reserves and lead to
an expansion in credit, they do not lead
to an expansion in the total deposits of
the banking system as a whole, since
SURVEY OF CURRENT BUSINESS
May 1969
the deposits gained by one bank will with one of about $10 billion in the
be those lost by another bank. How- fourth quarter of last year. In large
ever, these devices are very important part, the strength in business borrowto the individual bank insofar as they ing probably relates to the needs that
contribute to that bank's ability to are associated with the current boom
satisfy customer demand.
in fixed investment outlays. Moreover,
this acceleration in bank borrowing,
Commercial Bank Credit
like the increased use of the commercial
paper market, suggests that business
Reflecting this year's intensified firms may be using shorter term credit
credit restraint, loans and investments in an attempt to avoid the high cost of
at commercial banks have recorded capital market borrowing.
their smallest gain since the last half
Commercial bank lending on real
of 1966. Over the first 4 months of 1969, estate has also been an important
total bank credit has increased at a component of this year's rise in total
seasonally adjusted annual rate of $16 loans. Consumer loans have continued
billion. This represents a striking cut- to expand in 1969 although more slowly
back from the average annual increases than during the final months of last
of $37 billion in the preceding 2 years year, while secuiity loans continued
and matches the advance recorded for their decline from the highs reached
the full year 1966. To date, all of the late last summer.
expansion in bank credit has occurred
in the loan component as commercial Bank investments
bank investments in securities have
With the availability of funds severely
declined (chart 9).
restricted, commercial banks have acCommercial bank loans
commodated loan demands by proMainly under the impetus of heavy nounced reductions in their holdings of
demand from the business community, U.S. Government securities. Since yearcommercial bank loan expansion has end, banks have been liquidating their
continued at a strong pace. From the holdings of Federal securities at a
end of December through April, lending seasonally adjusted annual rate of $11%
increased at a seasonally adjusted billion. This followed a $10 billion anannual rate of $27 billion. This is about nual rate of selling in the preceding
the same rate of expansion that oc- quarter and is, the most severe adjustcurred last year but is considerably higher ment of this type on record.
than the average $16% billion rate of
Pressures on bank reserve positions
growth in the relatively weak year of were also apparent in substantially
1967 and in the tight money year of reduced investments in "other securi1966.
ties," mainly State and local obligaSince the end of 1968, business loans tions. Despite very attractive yields,
at commercial banks have accounted commercial banks increased their holdfor nearly 60 percent of the rise in total ings of these assets by only $% billion
bank loans. During this period, busi- (seasonally adjusted annual rate) from
ness borrowing at large banks has the end of December to April. This
expanded at a seasonally adjusted an- followed net acquisitions of $10 billion
nual rate of $12% billion, as compared last year and $12% billion in 1967,
17
CHART 9
The slowdown in bank credit expansion
has resulted from slower growth in loans and
a reduction in investments
Billion $
20
TOTAL
IUIHL BANK
Dttlm CREDIT
URLLMI
mm
10
Expansion in business loans has continued strong
20
TOTAL LOANS
10
Business Loans
(Large Banks Only)!/
While heavy liquidation of Federal securities
has caused the contraction in investments
TOTAL
INVESTMENTS
-10
10
U.S. Government Securities
0
I
i —• — i
i
1
1
uJ
u
u
-10
Changes in Bank Credit
[Billion dollars, seasonally adjusted at annual rates]
10
Other Securities
Dec. 1965- June 1966- Dec. 1966June 1966 Dec. 1966 Dec. 1967
Total bank credit
Total loans _
.
Business loans (large banks only)
Total investments
U.S. Government securitiesOther securities
...
Dec. 1967- June 1968June 1968 Dec. 1968
Dec. 1968Apr. 1969
0
25 2
68
36 0
22 6
53 6
15 9
21.6
10.2
9.6
3.8
17.2
5.4
16.2
5.6
36.2
7.8
27.0
12.5
3.6
—3.6
7.2
-2.8
—3.4
.6
18.8
61
12.7
6.4
14
5.0
17.4
22
15 2
— 11.1
— 11 7
0.6
r-n
1966
,
- nnjH
1967
348-322 O - 69 - 3
1969
Data: FRB
1. Seasonally adjusted by F. R. Bank of St. Louis.
U.S. Department of Commerce, Office of Business Economics
1968
Seasonally Adjusted
18
SURVEY OF CURRENT BUSINESS
May 1969
limit the competition for deposits be- mortgage lending by the savings and
tween bank and nonbank intermedi- loan associations reached nearly $10%
aries, to the efforts of the thrift institu- billion at a seasonally adjusted annual
tions to lengthen the average maturity rate. This about matched the rate of
of their deposit liabilities through the expansion prevailing in the final quarter
issue of saving certificates, and appar- last year, when their mortgage debt
ently to the fact that the most interest- expansion recorded its strongest rise
sensitive deposits have by now already since the first quarter of 1964. Furtherleft these institutions. Concerning the more, and as one indication of lending
latter, it should be noted that the yield activity planned for the months imThrift Institutions
spread between the average rate paid mediately ahead, the mortgage comDuring the first quarter of 1969, by the savings and loan associations for mitments of these associations have
mutual savings banks and savings and deposits and the yield investors could recorded an uninterrupted rise (on a
loan associations appear to be con- earn on alternative investments, such seasonally adjusted basis) since midsiderably less vunerable to monetary as 6-month Treasury bills, again be- summer of 1968. Commitments outrestraint and high interest rates than came unfavorable for nonbank institu- standing, including loans in process,
they were during the 1966 tightening. tions as early as the closing months of totaled $7 billion in March, up from
Over the first 3 months of this year, 1967. The spread worsened over the $6% billion at yearend and considerably
savings inflows to the mutual savings balance of 1968 and, for the year as a higher than the $6 billion of last
banks were $4 billion at a seasonally whole, was more unfavorable than in June.
adjusted annual rate, down moderately 1966. In fact, toward midyear and
'Activity in housing, the sector of the
from the $4% billion rate in the fourth again toward the end of last year, the economy most sensitive to credit requarter of last year. For the savings spread differential was more unfavor- straint, has remained at fairly high
and loan associations, net savings flows able to the savings and loan associations levels so far this year, although some
registered a gain of nearly $8 billion than it was at the height of the 1966 weakening in housing starts and per(seasonally adjusted at an annual rate); disintermediation. Consequently, it is mits has been evident since January.
this was about the same rate of ad- likely that the interest-sensitive de- With the underlying housing demand
vance as in the final quarter of last positors did not invest in deposit claims extremely strong and with flows of
year.3
last year and that those depositors who mortgage funds and lender willingness
In the case of the savings and loan did invest were not very responsive to to assume new commitments holding
associations, the contrast with the the 1968-69 rise in market interest up considerably better than expected,
marked contraction in inflows that rates.
the housing industry may well be
occurred 3 years earlier is particularly
With their inflows of funds holding better insulated against the impact of
striking. At that time, net inflows fell up fairly well, these institutions, which credit tightening in 1969 than it was
from a seasonally adjusted annual rate constitute the largest group of mortgage 3 years ago. If this is so, the achieveof $8.8 billion in the closing quarter of lenders, have been able to maintain ment of an overall economic impact as
1965 to one of only $5.7 billion in the their lending activity at relatively large as that of 1966 would require
first 3 months of 1966. During the high levels. This, in turn, has pro- monetary policy to affect other sectors
trough of the 1966 contraction—the vided considerable support for the of the economy that have traditionally
third quarter—the annual rate of inflow homebuilding industry. Through April, been less sensitive to credit restraint.
was less than $1 billion.
The more stable flow of savings to Savings Flows, Mortgage Lending, and Net Change in Outstanding Commitments of
Sayings and Loan Associations
these deposit-type institutions is re[Billion dollars, seasonally adjusted at annual rates *]
lated to a number of developments:
to the interest rate ceilings that now
Dec. 1965- June 1966- Dec. 1966- Dec. 1967- June 1968- Dec , 1968when commercial banks represented
80 to 90 percent of the market for
State and local debt instruments. The
reduced participation of commercial
banks in this market has no doubt
added significantly to the rise in yields
of these securities and to the recent
difficulties States and localities have
been encountering in capital markets.
3. On the basis of incomplete data, April inflows to the
thrift institutions (seasonally adjusted), appear to have
slowed appreciably. Although this slowdown may represent
a shift of funds to money and capital markets, it could also be
attributable to depositor needs for funds to meet unusually
large April settlements on 1968 tax liabilities.
June 1968
Dec. 1968
Mar. 1969
June 1966
Dec. 1966
Dec. 1967
Net savings flows
3.8
3.3
10.7
7.0
7.8
8.0
Mortgage lending
6.6
.9
7.5
8.8
9.9
10.4
2.5
.2
1.3
1.6
Commitments outstanding
-2.1
-2.2
1. Preliminary seasonal adjustments by the Federal Reserve Board.
By REGIONAL ECONOMICS DIVISION STAFF
Metropolitan Area Income In 1967
JL HE tables in this issue update and
continue the development of the metropolitan area income series introduced
in the May 1967 SURVEY and expanded
in the August 1968 issue. Presented
here are (1) initial estimates of total
and per capita personal income in
metropolitan areas in 1967, (2) minor
revisions in the published estimates of
total income for selected years, 1929-66,
(3) revised estimates of per capita personal income for all years, and (4) a
new series—total personal income on a
where-received basis for all SMSA's for
selected years, 1929-67.
The only revisions made in total
income resulted from corrections in the
estimates for specific SMSA's. The
annual statistical revisions introduced
into the national accounts for 1965 and
1966 have not yet been incorporated
into the SMSA series.
The revision of the per capita income
estimates for all years results mainly
from the development of more detailed
and improved measures of the flow of
commuters from place of work to place
of residence. Also reflected is the incorporation of additional Census data
not used in the earlier estimates.
Income where-received
The addition of a new version of personal income—measured on a wherereceived rather than the where-earned
basis used in the older series—requires
some explanation.
NOTE.—The SMSA estimates were prepared by Barbara
Beacham, Kenneth Berkman, Margaret Cannon, Michael
Carrol, Vivian Conklin, Francis Dallavalle, Linnea Hazen,
Elizabeth Queen, William Reid, Marian Sacks, Victor
Sahadachny, Maurice Schlak, Lyle Spatz, and Sumner
Steinfeldt. Special acknowledgment is made to Nancy
Tritten of OBE's ADP staff.
Personal income is the current income
of persons in an area from all sources.
It is measured before deduction of
income and other personal taxes, but
after deduction of personal contributions to social security, government
retirement, and other social insurance
programs. It consists of wages and
salaries (in cash and in kind and including tips and bonuses as well as
contractual compensation), various types
of supplementary earnings termed
"other labor income" (the largest item
being employer contributions to private
pension and welfare funds), and the
net incomes of owners of unincorporated
businesses (farm and nonfarm, including the incomes of independent
professionals), net rental income, dividends, interest, and government and
business transfer payments (consisting
in general of disbursements to persons
for which no services are rendered
currently, such as unemployment benefits, social security payments, and
welfare and relief payments).
To measure personal income on a
local area basis, criteria for allocating
income to these areas must be established. In the case of labor and entrepreneurial income, the appropriate criteria seem to be place of work and place
of residence of the income recipient.
The difference between the two is the
net flow of commuters' earnings.1 The
distinction between place of work and
residence cannot be applied to the other
components of the income flow—property incomes and transfer payments.
1. Area earnings on a place-of-work basis minus the earnings of persons who work in the given area but reside in
another area plus the earnings of persons who reside in the
given area but work in another area equal area earnings on
a residence basis.
Residence is the only principle of
classification applicable to them.2
Two versions of area personal income
are presented in this report; they differ
in the treatment of the earnings component, which is the sum of wages and
salaries, other labor income, and proprietors' income. In the first version,
termed "where-earned," earnings reflect place of work. In the second version, termed "where-received," earnings reflect place of residence. The same
measures of property and transfer income are used for both versions.
The first version is useful for analyzing an area's income structure by
industrial origin and by type of income.
It provides a tool, for example, for
identifying the factors underlying an
area's economic progress or deterioration or for evaluating the effect of a
remedial program. The second version—
personal income on a where-received
basis—is useful in the analysis of
consumer markets and purchasing
power. When expressed on a per
capita basis, it can also be used as
an indicator of living standards and
welfare.
Personal income is shown on both a
where-earned and a where-received
basis in table 1. The where-earned
total is classified by type of income in
table 1. The earnings component of the
where-earned total is shown by industrial source in table 2.
(Text continued on page 83)
2. In the case of property incomes, an alternative criterion,
resembling the place-of-work criterion, would be possible,
e.g., the allocation of these incomes to the areas in which the
businesses that generate these incomes are located. However,
conceptual and statistical difficulties that have not been
satisfactorily resolved stand in the way of the application of
this criterion. Even if these difficulties did not exist, it
would not be advisable to apply the criterion to the property
income component of personal income. Property income cannot be transformed into a satisfactory measure of the contribution of capital to production, mainly because it excludes
all components of profits other than dividends.
19
SURVEY OF CURRENT BUSINESS
20
May 1969
Table l.^Personal Income, by SMSA's and NonTotal personal income, where earned
Millions of dollars
Line
1929
1
2
3
Total United States *
Sum of all SMS A counties
Sum of all non-SMS A areas
4
5
6
7
8
9
New England 2 3
Boston Mass
Burlington, Vt
Fall River -New Bedford, Mass. .
Hartford-N^w Britain, Cnnn
Lewiston -Auburn, Maine
Manchester, N.H
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
.
.._
..
...
.__
_
New Haven-Waterhury-Meriden, Conn
New London-Groton-Norwich, Conn _
Portland, Maine _
_
Providence-Pawtucket-Warwick, R.I
Springfield-Chicopee-Holyoke, Mass _ _
Worcester-Fitchburg-Leominster, Mass
Sum of SMSA's
Non-SMS A area
Mideast
Albany-Schenectady-Troy, N.Y
Allentown-Bethlehem-Easton, Pa.-N. J
Altoona Pa
Atlantic City, N.J
Baltimore, Md _ .
Binghampton N Y -Pa
Bridgeport -Norwalk-StaTn ford f Conn
Buffalo N Y
Erie Pa
--Harrisburg Pa
Jersey City, N.J
Johnstown, Pa
Lancaster Pa
New York, N Y
Newark, N.J
Paterson-Clifton-Passaic, N.J
Philadelphia Pa -N.J
Pittsburgh, Pa
Pittsfield, Mass
Reading Pa
.
_
.
-
.
..
. ..
.
Rochester N Y
Scranton Pa
Steubenville-Weirton, Ohio-W. Va__
Syracuse N Y
Trenton N J
Utica-Rome, N.Y
Vineland-Millville-Bridgeton, N.J
Washington D C.-Md -Va
Wheeling, W. Va. -Ohio
Wilkes-Barre-Hazleton, Pa..
Wilmington Del -N J -Md
York Pa
Sum of SMSA's
.
. .
Non-SMSA area
.
.. ..
.
Great Lakes
Akron, Ohio
Anderson, Ind
Ann Arbor, Mich
Bay City Mich
Bloomingt on-Normal, 111.
Canton Ohio
Champaign- TJrbana 111
Chicago, 111
Cincinnati Ohio-Ky.-Ind
Cleveland Ohio
62
63
64
65
66
67
68
69
70
71
Columbus, Ohio
Davenport- Rock Island-Moline, Iowa-Ill
Dayton, Ohio
Decatur, 111
.
Detroit Mich
Evansville, Ind.-Ky
Flint, Mich
Fort Wayne, Ind
Gary-Hammond-East Chicago, Ind
Grand Rapids, Mich
72
73
74
75
76
77
78
79
80
81
Green Bay. Wis
Hamilton-Middletown, Ohio . ._
Indianapolis, Ind
..
Jackson, Mich
Kalamazoo, Mich
Kenosha Wis
Lafayette-West Lafayette, Ind.
Lansing, Mich
Lima, Ohio
Lorain-Elyria, Ohio
82
83
84
85
86
Madison. Wis._
Mansfield, Ohio
Milwaukee, Wis
Muncie, Ind.
Muskegon-Muskegon Heights , Mich
See footnotes at end of table.
. ...
-
. ... ._
...
.
...
_
1940
1950
1959
1962
1965
1966
1967
85,803
64,975
20,829
78,122
58,768
19,355
226,197
165,065
61,132
382,840
290,062
92,778
440,190
332,746
107,444
534,816
403,805
131,011
580,483
437,898
142,585
625,068
473,246
151,822
2,750
32
251
467
45
113
2,330
28
237
458
43
98
5,079
72
591
1,137
112
246
8,343
138
787
2,015
163
402
9; 593
162
901
2,351
175
478
11,192
199
1,143
2,873
197
560
12,034
239
1,239
3,173
218
623
13, 152
274
1,330
3,484
233
693
449
88
112
532
322
374
5,535
989
430
88
100
476
290
359
4,936
897
993
233
219
1,109
752
879
11,422
2,268
1,704
456
387
1,542
1,189
1,253
18,379
3,683
1,964
534
431
1,759
1,306
1,427
21,083
4,223
2,355
743
493
2,057
1,520
1,723
25,054
5,211
2,555
843
521
2,221
1,626
1,847
27,137
5,655
2,767
860
569
2,422
1,734
1,968
29,486
6,150
493
313
88
105
970
137
418
867
133
198
437
274
79
77
962
129
374
790
120
191
961
738
183
186
2,477
340
921
1,927
363
496
1,495
1,112
252
307
4,115
615
1,716
3,178
500
831
1,709
1,271
269
370
4,749
706
2,076
3,336
562
897
2,055
1,531
318
432
5,796
809
2,399
3,937
702
1,070
2,197
1,636
340
463
6,292
865
2,603
4,180
766
1,157
2,404
1,728
363
513
6,782
928
2,901
4,441
810
1,292
586
162
132
10, 614
1,329
545
3,035
1,804
94
181
517
152
123
8,603
1,182
536
2,556
1,525
88
157
1,130
343
375
20, 285
2,809
1,504
6,342
3,708
215
411
1,631
430
609
32, 236
4,724
2,840
10, 704
5,720
320
600
1,845
464
682
37, 154
5,515
3,342
11,987
5,978
387
665
2,065
548
823
43,424
6,689
4,084
13, 959
7,045
460
800
2,202
587
899
46,347
7,160
4,389
15,211
7,541
499
858
2,352
610
951
50,219
7,632
4,752
16,432
8,055
538
932
495
196
93
337
160
192
44
773
138
287
244
129
25,292
3,071
457
143
91
289
171
165
45
1,081
105
209
271
118
22,018
2,712
1,080
316
247
729
435
420
135
3,061
255
489
652
381
53,915
7,562
1,936
418
384
1,227
746
706
242
5,450
354
582
1,176
599
87,757
12,065
2,177
462
422
1,444
807
770
286
6,601
370
625
1,361
673
99,960
13,768
2,659
534
524
1,676
998
890
336
8,531
427
728
1,723
810
118,782
16,740
2,914
576
533
1,829
1,056
975
365
9,294
458
784
1,846
881
127,703
18,047
3,195
639
554
1,984
1,137
1,058
389
10,113
491
865
1,939
951
137,947
19,620
305
50
50
39
47
183
44
5,467
857
1,340
282
54
51
38
41
168
41
4,216
705
1,146
801
170
243
122
113
469
170
10, 836
1,759
3,051
1,421
308
441
194
175
767
281
17, 938
3,138
5,166
1,545
351
536
198
215
817
328
20, 191
3, 412
5,582
1,859
439
712
260
267
1,012
418
24, 249
3,882
6,837
1,997
457
786
286
294
1,093
488
26, 229
4,229
7,375
2,103
474
859
306
332
1,128
543
28. 099
4,578
7,768
357
173
295
61
2,230
96
170
124
224
237
315
172
294
53
2,144
105
156
115
237
194
947
509
981
163
6,080
315
531
346
724
634
1,808
800
1,795
288
9,452
439
981
569
1,383
1,046
2,035
849
2,012
313
10, 299
487
1,128
686
1,499
1,162
2,405
1,082
2,494
405
13, 872
639
1,522
868
1,853
1,460
2, 594
1,202
2,753
452
15, 013
691
1,587
956
1,960
1,610
2,809
1,276
2,956
488
15, 778
739
1,608
1,011
2,025
1,731
47
80
488
71
83
54
30
116
70
74
47
79
443
55
67
43
28
110
63
74
145
241
1,345
176
224
134
114
366
205
248
254
441
2,299
292
392
268
198
652
310
435
290
485
2,673
312
444
297
227
720
362
489
352
584
3,265
402
551
343
294
965
436
619
386
634
3,589
449
618
340
328
1,052
493
670
424
681
3,779
475
675
339
351
1, 138
511
684
91
46
849
54
59
91
45
694
52
54
275
159
1,982
152
200
511
297
3,412
234
319
597
319
3,786
277
354
735
382
4,475
348
432
808
415
4, 825
371
481
871
434
5,197
390
504
SURVEY OF CURRENT BUSINESS
May 1969
21
SMSA's, for Selected Years, 1929-67
Personal income by major type of payment, where earned, 1967
Millions of dollars
Total personal income, where earned
Average annual rates of growth
Other
labor
income
419,599
329,729
89,860
23,250
18,453
4,797
60,715
36,241
24,474
90,085
68,804
21,281
51,737
35,802
15,935
20,318
If ,782
4,536
5.4
5.4
5.4
11.2
10.9
12.2
6.2
6.4
5.5
6.3
6.3
6.4
9,209
195
807
2,527
152
497
511
11
54
168
10
33
875
22
82
204
20
44
1,867
35
297
496
34
91
1,120
19
134
201
26
53
430
8
43
114
8
25
4.2
5.8
4.5
5.4
4.4
4.9
8.1
10.1
9.6
9.5
10.0
9.7
5.8
8.2
4.9
6.8
4.4
6.3
1,849
601
393
1,660
1,222
1,309
20,422
3,858
116
36
21
100
73
88
1,221
204
196
52
48
168
117
127
1,954
586
494
146
73
345
214
328
4,420
1,090
196
51
53
244
168
187
2,452
594
84
26
19
96
60
69
982
183
4.9
6.2
4.4
4.1
4.5
4.5
4.5
4.9
8.7
10.3
•8.2
8.8
10.0
9.4
8.8
9.7
1,672
1,216
236
317
4,954
654
1,905
3,127
545
944
82
84
15
16
271
42
121
193
37
45
167
138
31
51
450
77
284
309
73
99
331
216
53
81
855
104
497
566
117
132
229
138
43
62
488
86
181
405
67
117
77
64
14
15
236
34
87
159
29
46
4.3
4.6
3.8
4.3
5.3
5.2
5.2
4.4
4.9
5.1
1,783
412
636
33,365
5,254
3,164
11,402
5,458
331
646
124
26
43
1,767
333
202
661
339
23
44
115
60
117
3,686
562
423
1,282
595
38
87
236
55
118
9,002
1,230
790
2,378
1,251
117
112
187
79
70
3,892
509
330
1,255
683
46
77
93
22
33
1,493
255
157
546
271
18
34
2,280
418
397
1,386
814
706
257
7,595
320
577
1,320
663
94,751
12,490
151
25
30
78
46
39
18
218
21
35
78
44
5,251
697
226
54
32
157
79
90
42
528
43
76
114
89
10,172
2,063
421
90
73
248
154
146
54
1,293
71
95
372
112
21,372
2,978
233
73
43
180
83
112
32
832
52
111
109
77
10,882
2,014
1,536
333
636
191
196
803
370
19, 919
3,101
5,516
107
25
36
13
11
58
9
1,172
198
370
143
36
57
35
60
86
58
1,959
336
527
241
67
113
51
52
134
89
4,284
758
1,118
2,074
911
2,235
327
11, 456
514
1,161
740
1,541
1,205
115
57
138
21
756
32
84
48
107
80
198
124
188
45
1,066
73
114
71
142
155
286
478
2,752
324
472
216
253
811
339
469
18
32
160
'22
31
14
12
45
23
34
602
307
3,589
274
349
26
22
233
18
26
Millions of dollars
Percent of U.S.
Less:
Propripersonal
etors' Property Transfer contribu- 1929-67 1940-50 1950-67 1959-67 1966-67
income income payments tions for
social
insurance
Total
wages
and
salaries
Total personal income, where received
Line
1962
1965
1966
1967
1929
1967
1950
1959
7.7
8.1
6.5
100.00
75.72
24.28
100.00
75.71
24.29
226,197
164,824
61,726
382,840
289,196
94,524
440,190
331,374
109,513
534,816
401,703
133,534
580,483
435,740
145,355
625,068
470,851
154,852
1
2
3
5.9
9.0
6.8
7.1
4.6
7.0
9.3
14.8
7.4
9.8
6.9
11.3
3.20
.04
.29
.54
.05
.13
2.10
.04
.21
.56
.04
.11
5,081
72
583
1,109
113
247
8,356
138
815
1,923
166
407
9,607
162
922
2,210
179
483
11,210
199
1,097
2,631
201
566
12,050
239
1,191
2,910
223
629
13, 173
274
1,275
3,187
238
700
4
5
6
7
8
9
6.2
8.0
5.8
4.7
5.0
4.9
5.7
6.0
6.3
8.3
5.0
5.8
4.8
5.8
6.1
6.6
8.3
2.1
9.3
9.1
6.6
6.6
8.7
8.8
.52
.10
.13
.62
.37
.44
6.45
1.15
.44
.14
.09
.39
.28
.31
4.72
.98
1,002
248
219
1,119
756
891
11,441
2,313
1,737
453
387
1,570
1,200
1,287
18,439
3,833
2,003
517
431
1,792
1,319
1,466
21,091
4,404
2,403
669
493
2,097
1,536
1,771
24,872
5,439
2,607
742
520
2,264
1,643
1,899
26,918
5,905
2,824
788
569
2,470
1,752
2,025
29,275
6,427
10
11
12
13
14
15
16
17
8.2
10.4
8.7
9.3
9.9
10.2
9.4
9.3
11.7
10.0
5.5
5.1
4.1
6.1
6.1
6.1
7.0
5.0
4.8
5.8
6.1
5.7
4.7
6.6
6.4
5.3
6.8
4.3
6.2
5.7
9.4
5.6
6.8
10.7
7.8
7.3
11.4
6.3
5.7
11.7
.57
.36
.10
.12
1.13
.16
.49
1.01
.15
.23
.38
.28
.06
.08
1.08
.15
.46
.71
.13
.21
960
733
181
188
2,477
340
935
1,924
361
505
1,492
1,099
246
314
4,115
618
1,766
3,167
496
816
1,706
1,255
263
378
4,751
710
2,137
3,324
557
879
2,051
1,511
312
441
5,797
813
2,472
3,922
696
1,045
2,193
1,615
333
474
6,293
870
2,684
4,162
759
1,134
2,399
1,705
355
524
6,784
933
2,991
4,424
802
1,230
18
19
20
21
22
23
24
25
26
27
3.7
3.6
5.3
4.2
4.7
5.9
4.5
4.0
4.7
4.4
8.1
8.5
11.8
9.0
9.0
10.9
9.5
9.3
9.4
10.1
4.4
3.5
5.6
5.5
6.1
7.0
5.8
4.7
5.6
4.9
4.7
4.5
5.7
5.7
6.2
6.7
5.5
4.4
6.7
5.7
6.8
4.0
5.8
8.4
6.6
8.3
8.0
6.8
7.9
8.7
.68
.19
.15
12.37
1.55
.64
3.54
2.10
.11
.21
.38
.10
.15
8.03
1.22
.76
2.63
1.29
.09
.15
1,127
843
376
20,086
2,798
1,830
6, 359
3,688
216
413
1,620
430
611
31,611
4,683
3,573
10,761
5,660
322
606
1,832
464
684
36,412
5,465
4,121
12,054
5,914
389
672
2,051
548
826
42, 520
6,628
4,880
14,039
6,967
463
809
2,186
587
902
45,383
7,095
5,215
15, 298
7,458
501
868
2,335
611
954
49, 170
7,562
5,663
16, 529
7,965
541
943
28
29
30
31
32
33
34
35
36
37
116
22
21
66
39
35
14
353
16
30
54
34
4,482
622
5.0
3.2
4.8
4.8
5.3
4.6
5.9
7.0
3.4
2.9
5.6
5.4
4.6
5.0
9.0
8.3
10.6
9.7
9.8
9.8
11.6
11.0
9.2
8.9
9.2
12.4
9.4
10.8
6.6
4.2
4.9
6.1
5.8
5.6
6.4
7.3
3.9
3.4
6.6
5.5
5.7
5.8
6.5
5.4
4.7
6.2
5.4
5.2
6.1
8.0
4.2
5.1
6.5
5.9
5.8
6.3
9.6
10.8
3.8
8.5
7.6
8.5
6.4
8.8
7.3
10.3
5.0
7.9
8.0
8.7
.58
.23
.11
.39
.19
.22
.05
.90
.16
.33
.28
.15
29.48
3.58
.51
.10
.09
.32
.18
.17
.06
1.62
.08
.14
.31
.15
22.07
3.14
1,075
316
251
727
433
417
133
3,052
257
490
646
385
54,023
7,725
1,917
420
397
1,222
700
697
236
5,416
360
601
1,155
614
87,739
12,617
2,155
464
437
1,437
779
760
279
6,560
376
649
1,335
689
99,887
14,427
2,631
537
542
1,668
921
879
328
8,474
434
751
1,690
831
118,475
17,572
2,883
579
552
1,820
1,003
963
356
9,235
466
807
1,811
904
127,387
18,957
3,160
642
573
1,974
1,068
1,044
379
10,045
500
886
1,901
975
137,567
20,623
38
39
40
41
42
43
44
45
46
47
48
49
50
51
153
29
44
24
23
87
31
1,692
337
498
76
17
27
9
10
41
13
928
152
261
5.2
6.1
7.8
5.6
5.3
4.9
6.9
4.4
4.5
4.7
11.0
12.2
17.0
12.3
10.7
10.8
15.4
9.9
9.6
10.3
5.8
6.2
7.7
5.6
6.6
5.3
7.1
5.8
5.8
5.7
5.0
5.5
8.7
5.8
8.3
4.9
8.6
5.8
4.8
5.2
5.3
3.7
9.2
6.8
12.9
3.2
11.3
7.1
8.3
5.3
.36
.06
.06
.05
.05
.21
.05
6.37
1.00
1.56
.34
.08
.14
.05
.05
.18
.09
4.50
.73
1.24
810
175
224
130
114
464
170
10, 812
1,756
3,024
1,452
291
427
213
178
751
279
17, 877
3,127
5,076
1,581
330
476
230
218
800
325
20, 121
3,398
5,482
1,903
389
628
294
272
991
415
24, 161
3,867
6,712
2,045
435
726
325
300
1,069
484
26, 136
4,213
7,237
2,154
454
776
343
338
1,104
538
27, 997
4,561
7,622
52
53
54
55
56
57
58
59
60
61
313
146
317
78
2,016
90
197
130
186
226
207
83
185
35
976
54
104
55
123
117
97
46
108
18
492
23
53
33
74
52
5.6
5.4
6.3
5.6
5.3
5.5
6.1
5.7
6.0
5.4
11.6
11.5
12.8
11.9
11.0
11.6
13.0
11.6
11.8
12.6
6.6
5.6
6.7
6.7
5.8
5.2
6.7
6.5
6.2
6.1
5.7
6.0
6.4
6.8
6.6
6.7
6.4
7.4
4.9
6.5
8.3
6.2
7.4
7.9
5.1
6.9
1.3
5.7
3.3
7.5
.42
.20
.34
.07
2.60
.11
.20
.14
.26
.28
.45
.20
.47
.08
2.52
.12
.26
.16
.32
.28
936
504
967
161
6,081
311
526
333
713
630
1,768
787
1,742
280
9,450
431
963
534
1,340
1,031
1,988
834
1,951
304
10, 295
477
1,107
628
1,452
1,145
2,348
1,063
2,417
392
13, 867
626
1,493
798
1,794
1,439
2, 532
1,181
2,667
438
15, 010
677
1,557
883
1,896
1,586
2,741
1,254
2,862
473
15, 772
723
1,577
917
1.958
1,705
62
63
64
65
66
67
68
69
70
71
45
47
308
40
52
33
29
105
65
54
57
100
450
70
99
61
47
135
62
102
32
48
228
33
41
28
20
77
41
50
14
24
120
15
21
11
10
34
18
24
6.0
5.8
5.5
5.2
5.7
5.0
6.7
6.2
5.4
6.0
11.8
11.8
11.7
12.4
12.8
12.1
15.0
12.8
12.6
12.8
6.5
6.3
6.3
6.0
6.7
5.6
6.8
6.9
5.5
6.1
6.6
5.6
6.4
6.3
7.0
3.0
7.4
7.2
6.5
5.8
9.9
7.4
5.3
5.9
9.2
-.1
7.2
8.2
3.7
2.1
.05
.09
.57
.08
.10
.06
.03
.13
.08
.09
.07
.11
.60
.08
.11
.05
.06
.18
.08
.11
144
241
1,342
176
221
134
110
364
204
246
252
440
2,291
291
380
268
190
647
305
458
288
484
2,663
311
431
296
215
715
356
502
349
582
3,253
401
534
342
281
957
429
623
382
632
3,574
447
598
340
314
1,044
485
665
420
679
3,764
474
653
339
335
1,129
503
705-
72
73
74
75
76
77
78
79
80
81
84
33
376
32
38
126
59
842
53
72
59
29
337
26
36
26
16
179
13
16
6.1
6.1
4.9
5.3
5.8
11.7
13.4
11.1
11.3
13.9
7.0
6.1
5.8
5.7
5.6
6.9
4.9
5.4
6.6
5.9
7.7
4.7
7.7
5.1
4.8
.11
.05
.99
.06
.07
.14
.07
.83
.06
.08
274
154
1,974
150
198
508
277
3,386
230
311
593
298
3,756
272
346
730
357
4,438
342
422
803
386
4,783
365
469
864
404
5,153
384
492
82
83
84
85
86
SURVEY OF CURRENT BUSINESS
22
May 1968
Table 1.—Personal Income, by SMSA's and
Non-
Total personal income, where earned
Millions of Dollars
Line
1950
1940
1929
1959
1962
1965
1966
1967
Great Lakes
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
Peoria, 111
Racine, Wis.
Rockford, 111
Saginaw, Mich
South Bend, Ind-_
Springfield, 111
Springfield, Ohio .
Terre Haute, Ind
Toledo, Ohio-Mich
Yountstown- Warren, Ohio__
Sum of SMSA's
Non-SMSA area
_ __
_
.
Plains
Cedar Rapids, Iowa
Des Moines, Iowa
__ _
Dubu "ue, Iowa
Duluth-Superior, Minn.-Wis
Fargo-Moorhead, N. Dak.-Minn
Kansas City, Mo.-Kans.
Lincoln, Nebr __
_
Minneapolis-St. Paul, Minn
Omaha, Neb.-Iowa
_
Sioux City, lowa-Nebr
109
110
111
112
113
114
115
116
117
Sioux Falls, S. Dak
Springfield, Mo
St. Joseph, Mo.
St. Louis, Mo.-Ill
Topeka, Kans
Waterloo, Iowa
Wichita, Kans
Sum of SMSA's
_
Non-SMSA Area
118
119
120
121
122
123
124
125
126
127
Southeast
Albany, Ga
Asheville, N.C_
Atlanta, Ga
Augusta, Ga.-S.C
Baton Rouge, La
Biloxi- Gulf port, Miss
Birmingham, Ala
Charleston S C
Charleston, W. Va
Charlotte, N.C
_
-__
__ __
__ _ __ __
.. _
.
128
129
130
131
132
133
134
135
136
137
Chattanooga, Tenn.-Ga _ ._
Columbia S C
Columbus, Ga.-Ala
Durham, N.C
Fayettevillo, N.C
Fort Lauderdale-Hollywood, Fla
Fort Smith, Ark.-Okla
Gadsden, Ala
. -._ _.
. .
Greensboro-Winston-Salem-High Point, N.C
Greenville, S.C._
138
139
140
141
142
143
144
145
146
147
Huntington -Ashland, W. Va.-Ky.-Ohio
Huntsville, Ala
Jacksonville Fla
Jackson, Miss
.
_
Knoxville Tenn
Lafayette. La
-Lake Charles, La
Lexington, Ky
.Little Rock-North Little Rock, Ark
Louisville Ky -Ind
148
149
150
151
152
153
154
155
156
157
Lynchburg, Va
Macon, Ga
Memphis Tenn -Ark
Miami Fla
Mobile, Ala
M^onroe La
Montgomery, Ala
Nashville, Tenn
New Orleans, La
.
_...
Newport News-Hampton, Va
158
159
160
161
162
163
164
165
166
167
Norfolk-Portsmouth, Va
Orlando Fla
Pensacola, Fla
Pine Bluff, Ark
Raleigh, N.C
.. _
Richmond, Va
Roanoke, Va
Savannah, Ga_
Shreveport, La__
Tallahassee, Fla
168
169
170
171
172
173
Tampa-St. Petersburg, Fla
Tuscaloosa, Ala
West Palm Beach Fla
Wilmington N.C
Sum of SMSA's
Non-SMSA area. _
.
.
__.
.-•
-
- -
-- -
._
_
. . - - . ...
-
....
._.
- ...
.
..
.
... --_
...
.
..
--
... .
162
73
119
88
145
81
68
93
400
265
16,052
3,854
183
65
105
83
143
83
66
77
333
238
13,847
3,535
520
208
349
248
488
214
185
215
967
650
38,972
10,959
791
312
585
421
685
343
274
307
1,436
1,120
64,980
16,995
814
356
667
463
672
406
303
345
1,554
1,180
72,036
19,344
1,062
470
850
630
762
500
374
417
1,872
1,455
89,109
24,121
1,138
505
953
674
827
537
418
452
2,033
1,556
96,606
26,458
1,231
536
1,037
703
875
589
448
479
2,183
1,602
102,750
27,968
72
173
40
161
43
538
78
823
277
90
65
148
34
136
44
465
57
751
214
78
204
426
110
361
151
1,421
183
2,155
628
200
370
740
172
525
222
2,630
360
3,856
1,084
273
428
798
192
575
269
2,991
416
4,519
1,287
307
543
958
239
666
297
3,665
487
5,467
1,494
358
606
1,057
263
715
309
3,961
499
5,971
1,602
390
655
1,130
277
782
342
4,298
530
6,530
1,751
421
32
48
69
1,347
62
49
142
4,045
4,246
32
44
53
1,143
52
58
116
3,491
3,617
107
144.
144
3,168
170
190
481
10,243
11,565
154
249
212
5,229
329
341
972
17,719
15,068
197
277
229
5,783
376
357
1,037
20,038
17,838
227
324
248
7,047
445
425
1,142
24,032
21,176
242
347
266
7,601
464
476
1,250
26,019
22,968
287
381
283
8,178
529
519
1,340
28,233
23,823
12
43
322
54
38
21
285
53
94
92
14
47
336
54
52
18
269
68
117
108
52
144
1,188
200
241
124
827
202
351
354
121
224
2,371
371
501
190
1,410
355
553
681
144
261
2,828
487
526
239
1,510
411
567
838
189
333
3,727
595
667
278
1,829
539
657
1,060
209
364
4,124
727
743
332
1,946
601
706
1,185
205
389
4,479
778
848
349
2,065
687
762
1,309
121
55
46
41
16
10
51
22
190
56
108
65
62
41
27
23
44
25
171
65
327
208
236
154
149
135
127
104
579
245
560
426
360
254
231
624
209
164
1,067
428
617
496
404
306
306
739
266
166
1,289
523
777
654
572
382
382
1,028
280
201
1,614
658
867
768
649
421
419
1,129
300
223
1,767
759
923
825
725
487
540
1,310
325
234
1,902
801
103
26
115
48
102
11
16
53
99
332
97
22
135
56
' 114
12
21
42
83
285
281
72
442
212
461
64
120
122
276
918
461
280
901
394
684
131
282
264
522
1,658
500
332
1,061
466
747
160
277
330
617
1,887
629
538
1,287
573
922
209
316
447
806
2,273
671
590
1,401
628
999
226
344
499
877
2,470
713
594
1,553
682
1,078
250
390
542
944
2,669
39
46
217
124
73
27
70
167
378
47
42
42
210
208
72
25
70
165
342
60
107
158
726
838
284
90
205
516
1,096
213
198
298
1,202
2,154
580
166
328
939
1,901
462
246
354
1,410
2,496
638
187
372
1,078
2,124
569
304
453
1,760
3,160
868
234
456
1,358
2,777
726
328
501
1,927
3,453
904
262
484
1,499
3,020
794
345
559
2,104
3,903
930
285
522
1,624
3,249
891
141
38
33
24
43
213
61
66
88
9
167
53
44
19
51
244
69
60
109
14
709
193
154
63
164
620
193
192
345
56
1,090
651
379
117
300
1,033
319
345
544
124
1,303
774
441
141
369
1,238
380
358
575
150
1,641
887
558
173
475
1,542
483
438
668
198
1,780
951
602
186
537
1,670
517
467
724
214
1,922
1,035
653
201
588
1,813
569
492
765
240
126
20
45
32
4,654
4,820
154
20
57
27
4,907
4,835
531
82
157
88
16,694
16,166
1,475
163
441
132
32,017
25.165
1,729
180
562
155
37,128
29.593
2,100
204
737
199
46,821
37.145
2,278
222
812
218
51,295
40,961
2,506
237
890
234
55,915
44,149
SURVEY OF CURRENT BUSINESS
May 1960
23
SMSA's, for Selected Years, 1929-67—Continued
Personal income by major type of payment, where earned, 1967
Millions of dollars
Average annual rates of growth
Proprietors'
income
722
491
612
380
317
297
1,493
1,171
72,955
17,084
52
24
51
36
39
19
19
16
95
85
4,590
1,052
130
45
82
58
83
62
34
63
191
122
7,682
4,251
190
82
163
94
106
102
58
68
304
154
14,261
3,873
80
39
55
47
63
45
37
48
174
131
6,663
2,572
445
803
173
521
203
3,092
324
4,775
1,210
256
31
45
11
26
9
175
15
272
62
14
56
102
36
51
53
331
46
406
166
54
113
150
47
123
62
556
124
864
254
79
176
244
178
5,783
343
345
945
19,816
11,383
10
13
10
339
17
24
63
1,138
534
34
40
31
563
33
47
128
2,179
6,000
147
266
3,391
621
591
242
1,438
511
540
996
6
15
180
25
32
7
89
19
34
53
660
627
584
338
449
665
204
163
1,366
587
and
salaries
819
365
41
19
37
23
Total personal income, where received
Millions of dollars
Percent of U.S.
Less:
personal
Property Transfer contribu- 1929-67 1940-50 1950-67 1959-67 1966-67
income payments tions for
social
insurance
Other
labor
income
Total
wages
Total personal income, where earned
Line
1929
1967
1950
1959
1962
1965
1966
1967
6.6
3.1
7.0
6.4
5.7
5.4
4.6
5.9
6.4
8.2
6.2
8.8
4.3
5.8
9.6
7. -2
6.1
7.4
3.0
6.4
5.7
.19
.09
.14
.10
.17
.09
.08
.11
.47
.31
18.71
4.49
.20
.09
.17
.11
.14
09
.07
.08
.35
.26
16.44
4.47
515
211
347
248
484
211
178
216
970
646
38,799
11,100
776
346
580
419
673
336
278
310
1,445
1,105
64,503
17,389
797
384
661
460
660
398
300
348
1,564
1,163
71,404
19,806
1,039
483
842
626
748
489
384
422
1,886
1,433
88,259
24,704
1,113
509
944
671
812
525
424
456
2,047
1,532
95,718
27,099
1,204
549
1,027
700
859
575
457
484
2,199
1,579
101,799
28,655
87
88
89
90
91
92
93
94
95
96
97
98
7.4
5.4
6.1
5.1
5.6
6.3
4.9
6.8
6.2
5.6
8.1
6.9
5.3
9.3
10.7
8.5
6.3
9.4
9.3
7.9
.08
.20
.05
.19
.05
.63
09
.96
.32
.10
.10
.18
.04
.13
.05
.69
.08
1.04
.28
.07
202
421
107
360
151
1,416
183
2,144
623
199
364
721
159
522
223
2,612
361
3,818
1,069
270
421
777
176
571
270
2,969
417
4,474
1,268
304
534
931
217
661
299
3,638
487
5,411
1 471
354
596
1,028
239
710
311
3,931
499
5,908
1,578
386
643
1,098
250
776
345
4,265
530
6,461
1,723
417
99
100
101
102
103
104
105
106
107
108
11.0
12.4
12.7
11.6
13.0
865
5.5
5.4
5.9
5.6
4.8
5.4
5.1
4.4
4.6
4.9
5.0
5.4
34
70
20
86
26
301
37
441
122
32
24
40
10
25
12
157
17
229
64
13
6.0
5.1
5.2
4.2
5.6
5.6
5.2
5.6
5.0
4.2
12.1
11.1
12.6
10.3
13.2
11.8
12.3
11.1
11.4
9.8
7.1
5.9
5.6
4.6
4.9
6.7
6.5
6.7
6.2
4.5
56
59
45
1,200
111
93
167
4,104
3,911
22
38
27
588
41
30
87
2,002
2,619
11
13
9
295
17
19
49
623
6.0
5.6
3.8
4.9
5.8
6.4
6.1
5.3
4.6
12.8
12.5
10.5
10.7
12.5
12.5
15\3
11.4
12.3
6.0
5.9
4.0
5.7
6.9
6.1
6.2
6.2
4.3
8.1
5.5
3.7
5.8
6.1
5.4
4.1
6.0
5.9
18.8
9.9
6.5
7.6
14.1
9.0
7.2
8.5
3.7
.04
.06
.08
1.57
.07
.06
.17
4.71
4.95
.05
.06
.05
1.31
.08
.08
.21
4.52
3.81
107
142
158
3,145
168
188
478
10,191
11,622
153
243
204
5,157
322
334
960
17,491
15,207
196
270
218
5,699
368
349
1,023
19,769
18,001
225
316
237
6,943
435
416
1,127
23,702
21,378
239
338
251
7,486
454
466
1,233
25,653
23,185
284
371
266
8,055
517
508
1,321
27,832
24,051
109
110
111
112
113
114
115
116
117
17
33
270
47
56
22
141
50
51
91
25
56
551
64
145
61
293
80
99
146
15
33
247
44
51
24
176
47
62
67
7
13
159
23
28
7
71
20
25
44
7.8
6.0
7.2
7.3
8.5
7.8
5.4
7.0
5.7
7.2
13.7
11.9
13.5
14.0
16.5
21.6
11.9
11.6
11.6
12.6
8.4
6.0
8.1
8.3
7.7
6.3
5.5
7.5
4.7
8.0
6.8
7.1
8.3
9.7
6.8
7.9
4.9
8.6
4.1
8.5
-2.2
7.0
8.6
7.0
14.1
5.3
6.1
14.2
7.9
10.5
.01
.05
.38
.06
.04
.02
.33
.06
.11
.11
.03
.06
.72
.12
.14
.06
.33
.11
.12
.21
54
142
1,171
197
237
123
820
202
349
369
121
220
2,305
361
477
189
1,387
353
535
661
144
256
2,747
464
494
237
1,484
408
542
793
193
327
3,616
561
616
276
1,796
535
616
1,016
212
357
4,000
676
690
330
1,912
597
662
1,146
208
382
4,344
720
781
347
2,029
682
709
1,232
118
119
120
121
122
123
124
125
126
127
43
24
17
16
8
32
13
11
86
37
78
57
30
41
25
109
29
22
144
55
107
89
72
71
43
377
47
26
262
100
68
51
38
36
23
158
44
22
114
52
35
23
16
15
8
31
11
9
70
29
5.5
7.4
7.5
6.7
9.6
6.3
8.4
6.8
7.0
7.9
6.5
8.6
9.2
8.5
13.6
11.2
5.0
6.4
6.3
7.3
11.7
12.4
14.2
14.1
18.6
19.3
11.2
15.3
12.9
14.2
5.7
4.9
7.3
7.2
9.7
5.7
4.5
7.5
8.1
6.5
7.4
11.8
15.5
28.7
16.0
8.5
5.3
7.7
5.5
.14
.06
.05
.05
.02
.01
.06
.03
.22
.07
.15
.13
.12
.08
.09
.21
.05
.04
.30
.13
319
208
234
154
149
122
127
103
569
244
525
424
355
254
229
721
210
163
1,033
426
570
495
398
306
304
845
268
164
1,247
520
704
652
563
383
379
1,182
282
199
1,560
653
789
765
639
422
416
1,324
302
221
1,707
754
837
822
714
488
536
1,520
328
233
1,838
796
128
129
130
131
132
133
134
135
136
137
486
463
1,165
456
768
165
244
382
649
1,878
31
18
51
24
44
9
14
21
35
116
55
42
94
63
88
25
41
58
63
204
93
49
151
111
129
40
74
63
152
374
73
40
146
48
87
18
30
36
77
193
25
18
54
20
38
8
12
18
32
96
5.2
8.6
7.1
7.2
6.4
8.5
8.8
6.3
6.1
5.6
11.2
12.6
12.6
14.3
15.0
18.1
18.8
11.4
12.7
12.4
7.7
7.1
5.1
8.4
7.2
9.2
7.5
6.5
5.6
9.9
7.1
7.1
5.9
8.5
4.1
9.4
7.7
6.1
6.2
.7
10.9
8.7
8.0
10.6
13.4
8.5
7.6
8.1
.12
.03
.13
.06
.12
.01
.02
.06
.11
.39
.11
.10
.25
.11
.17
.04
.06
.09
.15
.43
280
78
441
211
456
64
120
123
275
908
458
269
895
392
668
129
282
254
517
1,623
496
322
1,055
463
729
159
277
318
611
1,846
624
512
1,279
569
899
208
316
418
798
2,222
666
561
1,392
624
974
225
345
469
868
2,414
707
568
1,544
678
1,051
248
391
504
933
2,608
138
139
140
141
142
143
144
145
146
147
255
402
1,470
2,562
615
185
375
1,152
2,221
691
16
17
73
126
31
10
15
63
123
29
27
43
196
301
73
29
43
142
229
46
35
74
273
702
160
44
62
212
553
106
26
43
157
333
80
27
42
109
226
48
14
19
66
122
30
9
15
54
104
29
5.9
6.8
6.2
9.5
6.9
6.4
5.4
6.2
5.8
8.1
14.1
13.2
14.9
14.7
13.5
11.3
12.1
12.4
13.4
7.2
7.7
6.5
9.5
7.2
7.1
5.7
7.0
6.6
8.8
7.2
8.2
7.3
7.7
6.1
7.0
6.0
7.1
6.9
8.5
5.0
11.7
9.2
13.1
2.8
9.1
7.9
8.3
7.6
12.1
.04
.05
.25
.14
.09
.03
.08
.19
.44
.05
.06
.09
.34
.62
.15
.05
.08
.26
.52
.14
106
158
722
833
283
89
205
511
1,096
212
190
294
1,191
2,130
578
166
327
918
1,901
458
234
345
1,396
2,467
636
187
371
1,053
2,124
564
283
437
1,742
3,124
866
233
455
1,325
2,776
720
307
479
1,907
3,412
901
261
483
1,463
3,019
787
322
532
2,081
3,858
927
284
521
1,585
3,247
882
148
149
150
151
152
153
154
155
156
157
1,515
703
452
124
416
1,271
393
341
515
164
43
34
17
8
18
69
22
19
26
4
98
124
40
26
56
107
38
39
77
15
193
108
107
28
78
313
91
70
103
43
126
98
56
22
38
116
46
41
68
20
54
33
19
7
18
63
22
18
23
8
7.1
9.1
8.2
5.7
7.1
5.8
6.0
5.4
5.9
9.0
15.6
13.8
13.3
12.8
12.3
6.0
9.8
8.9
7.0
7.8
6.5
6.6
5.7
4.8
8.9
7.4
6.0
7.0
7.0
8.8
7.3
7.5
4.5
4.4
8.6
8.0
8.8
8.5
7.7
9.4
8.5
10.1
5.3
5.7
11.8
.16
.04
.04
.03
.05
.25
.07
.08
.10
.01
.31
.17
.10
.03
.09
.29
.09
.08
.12
.04
706
193
155
63
162
620
195
191
344
56
1,081
650
383
116
293
1,033
311
340
539
123
1,292
772
445
140
360
1,238
369
352
569
148
1,628
885
564
172
464
1,543
459
431
662
195
1,766
949
608
185
524
1,671
493
460
717
212
1,906
1,033
659
200
573
1,813
540
484
757
237
158
159
160
161
162
163
164
165
166
167
1,442
165
489
156
39,117
27,707
72
9
25
8
1,986
1,513
197
20
136
27
4,232
6,548
524
27
173
30
8,061
4,908
343
24
92
21
4,324
4,840
73
8
24
8
8.2
6.7
8.2
5.4
6.8
6.0
13.2
15.2
10.8
12.4
13.0
12.8
10.7
6.9
4.8
9.2
7.4
7.2
7.3
10.0
6.9
9.6
7.6
9.0
7.8
.15
.02
.05
.04
5.42
5.62
.40
.04
.14
.04
8.95
7.06
532
82
157
89
16,609
16,305
1,480
163
439
133
31,674
25,541
1,735
180
558
156
36,655
30.047
2,109
204
732
200
46,163
37,724
2,288
221
806
219
50,597
41,604
2,516
237
884
236
55,089
44,844
168
169
170
171
172
173
27
18
16
13
74
61
3,401
1,007
1,805
1,368
9.9
10.9
10.9
11.3
10.6
10.9
12.0
9.7
10.9
12.3
12.2
14.9
5.2
5.7
6.6
6.3
3.5
6.2
5.4
4.8
4.9
5.5
5.9
5.7
14.3
5.6
13.3
10.4
9.6
6.4
5.9
7.4
6.1
.
5.7
7.0
7.4
SURVEY OF CURRENT BUSINESS
24
May 1969
Table 1.—Personal Income, by SMSA's and NonTotal personal income, where earned
Millions of dollars
Line
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
Southwest
Abilene Tex
Albuquerque, N. M ex
Amarillo, Tex
Austin, Tex._
-.
._. ...
Beaumont-Port Arthur-Orange, Tex
^
Brownsville-Harlingen-San Benito, Tex
Corpus Christi, Tex
Dallas, Tex ..
El Paso Tex
Fort Worth> Tex
..
.
_„
__,
_
,„,.
Galveston-Texas City, Tex
Houston, Tex
Laredo, Tex.
Lawton Okla
Lubbock, Tex
McAllen-Pharr-Edinburg, Tex
Midland, Tex
Odessa Tex
Oklahoma City, OklaPhoenix, Ariz
San Angelo, Tex
San Antonio, Tex _ .
Sherman-Denison Tex
Texarkana, Tex -Ark
Tucson Ariz
Tulsa Okla
Tyler, Tex _
_..
Waco Tex
Wichita Falls, Tex .
Sum of SMS A's .
Non-SMSAarea..
.
.
.
. ,.
. ._
.
205
206
207
208
209
210
211
212
213
214
215
216
Rocky Mountain
Billings, Mont—
Boise City Idaho
Cheyenne Wyo
Colorado Springs, Colo
..
Denver Colo _
. _
Great Falls Mont
Ogden Utah
Provo-Orem, Utah _ .
_-..__
Pueblo, Colo__
Salt Lake City, Utah
Sum of SMS A's.. _
•_
Non-SMSA area
217
218
219
220
221
222
223
224
225
226
Far West
Anaheim-Santa Ana-Garden Grove, Calif
Bakersfield, Calif
Eugene, Oreg
.
.
Fresno, Calif__
Las Vegas, Nev
Los Angeles-Long Beach, Calif .
Oxnard-Ventura, Calif _ _
Portland, Oreg. -Wash-Reno, Nev
.
Sacramento, Calif
227
228
229
230
231
232
233
234
235
236
.. ^ ,„
...
. _.
Salem, Oreg
..
.. ... ... .. .
Salinas-Monterey, Calif
San Bernardino-Riverside-Ontario, Calif
. . ...
San Diego, Calif .
San Francisco-Oakland, Calif
San Jose, Calif
...
_.
Santa Barbara, Calif
Seattle-Everett, Wash
Spokane, Wash _ ...
-.-._..
._.
Stockton, Calif
237
238
239
240
Tacoma, Wash _
Vallejo-Napa, Calif
Sum of SMSA's
Non-SMSAarea
241
242
243
244
Alaska and Hawaii
Anchorage Alaska
Honolulu, Hawaii
Sum of SMSA's
Non-SMSA area
......
...
... .. .
--....
.--.-.
1. U.S. totals shown for 1965 and 1966 do not agree with the revised totals shown in the
latest state personal income series (April 1969 SURVEY).
2. The OBE definition of SMSA's in New England differs from that of the Bureau of the
Budget, see text, page 33.
1950
1940
1929
1959
1962
1965
1966
1967
26
25
51
44
95
28
35
386
80
162
26
33
46
58
97
26
58
375
69
144
114
218
171
201
354
117
269
1,451
287
647
231
589
330
379
624
180
446
2,743
536
1,230
267
657
382
437
703
184
511
3,195
593
1,333
292
775
440
554
808
241
632
3,981
670
1,672
311
814
513
603
884
262
680
4,350
802
1,831
337
865
529
706
955
262
739
4,871
861
2,082
51
373
14
15
19
22
8
3
218
95
51
480
14
23
25
29
10
9
169
101
177
1,729
43
79
157
122
62
66
594
455
276
3,234
72
170
309
178
170
199
1,064
1,277
313
3,732
78
197
357
197
203
207
1,279
1,706
377
4,687
98
236
447
234
236
246
1,569
2,144
409
5,113
109
279
486
258
250
265
1,695
2,378
462
5,668
123
343
521
268
263
284
1,831
2,602
22
190
27
31
35
217
21
54
51
2,397
1,833
18
174
24
25
38
165
26
43
42
2,399
1,648
82
713
82
92
185
525
92
161
197
9,442
5,402
112
1,176
127
133
532
1,012
151
270
249
18,000
8,285
137
1,381
143
161
665
1,070
180
305
307
20,881
9,452
163
1,703
177
209
707
1,299
217
369
328
25,510
11,048
177
1,937
193
233
776
1,410
237
389
388
28,032
11,889
194
2,091
210
273
869
1,550
262
416
409
30,844
12,519
22
27
21
38
354
34
32
17
39
148
733
818
27
32
24
29
336
29
28
18
37
148
708
795
90
101
93
112
1,114
96
117
86
115
484
2,407
2,432
181
195
130
301
2,280
166
216
162
216
943
4,790
3,632
194
227
152
379
2,832
197
248
181
256
1,188
5,855
4,220
219
258
170
467
3,236
225
310
216
286
1,353
6,740
4,669
228
276
172
512
3,517
238
349
226
302
1,434
7,254
4,902
250
294
188
604
3,831
245
371
247
316
1,509
7,855
5,188
86
53
27
87
6
2,279
46
387
28
150
79
83
34
112
13
2,459
43
365
35
175
351
367
204
437
97
8,191
181
1,207
115
631
1,420
652
353
783
336
17, 543
456
1,935
257
1,478
2,095
727
385
883
577
20, 440
541
2,252
322
1,888
2,923
935
489
1,056
649
24, 598
755
2,777
422
2,264
3,230
975
507
1,107
684
26,609
820
3,021
425
2,382
3,598
1,030
534
1,170
755
28,794
891
3,267
440
2,462
41
49
137
164
1,678
113
76
509
119
76
47
61
155
206
1,551
124
60
475
113
97
179
242
639
949
4,549
470
198
1,566
349
330
261
516
1,700
2,334
7,736
1,574
445
2,972
602
544
312
606
1,993
2,778
9,265
2,123
603
3,537
661
669
398
716
2,526
3,253
11,380
2,692
698
3,928
748
820
428
848
2,727
3,694
12,228
3,015
752
4,611
817
884
464
857
2,938
3,983
13,293
3,365
811
5,184
877
948
120
35
6,266
1,198
129
47
6,462
1,315
473
248
21,971
4,777
666
432
44,997
7,407
795
516
53,967
8,432
870
669
65,567
10,167
975
722
71,462
10,920
1,109
794
77,562
11,588
340
1, 084
1,423
477
396
1,403
1,799
575
487
1,704
2,191
733
519
1,873
2,391
786
610
2,046
2,656
817
3. Included in the Boston SMS A are Brockton, Lawrence, Haverhill, and Lowell SMSA' s
and the non-SMSA portions of Essex, Middlesex, and Plymouth counties.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
May 1969
25
SMSA's, for Selected Years, 1929-67—Continued
Total personal income, where earned
Personal income by major type of payment, where earned, 1967
Millions of dollars
Total
wages
and
salaries
Other
labor
income
Total personal income, where received
Millions of dollars
Percent of U.S.
Average annual rates of growth
Less:
personal
Propricontribuetors' Property Transfer tions for 1929-67 1940-50 1950-67 1959-67 1966-67
income
income payments social
insurance
Line
1929
1967
1950
1959
1962
1965
1966
1967
194
627
327
470
684
148
470
3,526
646
1,523
8
25
12
15
44
6
22
205
24
92
44
61
51
53
78
51
91
375
64
160
73
116
119
133
121
38
127
662
93
246
25
63
33
53
65
26
49
273
59
141
8
27
13
19
37
7
21
172
25
80
7.0
9.8
6.4
7.6
6.3
6.1
8.4
6.9
6.4
7.0
15.9
20.6
13.9
13.2
13.9
16.4
16.6
14.5
15.3
16.2
6.6
8.5
6.9
7.7
6.0
4.9
6.1
7.4
6.7
7.1
4.8
4.9
6.1
8.1
5.5
4.8
6.5
7.4
6.1
6.8
8.3
6.3
3.0
16.9
8.0
0
8.6
12.0
7.3
13.7
.03
.03
.06
.05
.11
.03
.04
.45
.09
.19
.05
.14
.08
.11
.15
.04
.12
.78
.14
.33
114
217
172
200
351
117
269
1,443
288
651
233
584
334
376
614
180
448
2,717
542
1,245
269
652
387
433
691
184
513
3,163
599
1,350
294
769
446
549
793
241
635
3,939
678
1,694
313
808
520
598
868
262
684
4,305
811
1,855
339
858
536
699
938
262
743
4,820
870
2,109
174
175
176
177
178
179
180
181
182
183
300
4,142
81
268
286
145
157
179
1,307
1,757
17
236
3
4
12
6
9
10
62
95
37
433
16
14
90
58
28
25
148
251
90
742
14
47
115
34
66
64
225
367
32
312
13
15
31
31
10
14
155
213
16
197
3
4
13
7
8
9
66
82
6.0
7.4
5.8
8.7
9.1
6.8
9.6
13.1
5.8
9.1
13.2
13.7
12.0
12.9
20.4
15.3
19.9
21.9
13.4
16.2
5.8
7.2
6.5
9.1
7.3
4.8
8.8
9.0
6.9
10.8
6.7
7.3
7.1
9.1
6.8
5.3
5.6
4.5
7.0
9.3
13.0
10.9
13.3
23.0
7.3
4.0
5.3
7.0
8.0
9.4
.06
.43
.02
.02
.02
.03
.01
.00
.25
.11
.07
.91
.02
.05
.08
.04
.04
.05
.29
.42
177
1,728
43
78
157
122
63
74
591
455
277
3,231
72
170
311
179
172
192
1,053
1,279
316
3,727
79
196
360
198
205
208
1,266
1,709
379
4,681
98
235
451
235
238
248
1,553
2,147
411
5,105
110
278
490
260
252
266
1,677
2,382
465
5,661
124
342
526
270
266
282
1,810
2,605
184
185
186
187
188
189
190
191
192
193
116
1,477
131
189
567
1,046
163
255
252
21,434
6,955
5
50
6
10
25
65
10
13
8
1,100
313
22
149
20
22
62
118
25
41
42
2,630
2,210
39
308
38
35
155
264
51
81
88
4,550
1,963
16
166
21
28
85
113
23
38
28
2,133
1,412
5
58
6
11
24
56
9
13
9
1,003
333
5.9
6.5
5.5
5.9
8.9
5.3
6.9
5.5
5.7
7.0
5.2
16.6
15.2
13.3
13.8
17.3
12.3
13.3
14.0
16.7
14.7
12.6
5.2
6.5
5.7
6.6
9.5
6.6
6.3
5.7
4.4
7.2
5.1
7.1
7.5
6.5
9.4
6.3
5.5
7.1
5.5
6.4
7.0
5.3
9.5
8.0
8.4
17.5
12.0
9.9
10.8
6.7
5.4
10.0
5.3
.03
.22
.03
.04
.04
.25
.02
.06
.06
2.79
2.14
.03
.33
.03
.04
.14
.25
.04
.07
.07
4.93
2.00
83
712
82
92
186
520
92
161
197
9,438
5,427
113
1,170
127
132
536
993
151
270
248
17,946
8,342
139
1,374
143
159
669
1,049
179
305
306
20,829
9,516
164
1,694
177
207
711
1,272
217
368
327
25,442
11,131
179
1,927
193
231
781
1,381
236
389
386
27,959
11,980
196
2,080
209
271
875
1,518
262
415
407
30,758
12,619
194
195
196
197
198
199
200
201
202
203
204
159
194
123
448
2,727
163
272
162
208
1,090
5,547
2,943
9
10
5
11
133
7
10
9
11
54
260
138
31
33
19
43
319
26
23
24
25
122
665
1,019
41
43
33
76
501
38
50
38
48
195
1,063
732
19
24
14
38
282
19
31
22
36
107
592
516
9
10
6
12
132
8
16
9
12
58
272
161
6.6
6.5
5.9
7.6
6.5
5.4
6.6
7.2
5.7
6.3
6.4
5.0
12.6
12.2
14.4
14.4
12.7
12.6
15.5
17.2
12.0
12.6
13.0
11.8
6.2
6.5
4.2
10.5
7.5
5.6
7.0
6.4
6.2
6.9
7.2
4.6
4.1
5.3
4.7
9.1
6.7
5.0
7.0
5.4
4.9
6.1
6.4
4.6
9.4
6.7
9.4
18.0
8.9
2.6
6.3
9.3
4.8
5.3
8.3
5.8
.03
.03
.02
.04
.41
.04
.04
.02
.05
.17
.85
.95
.04
.05
.03
.10
.61
.04
.06
.04
.05
.24
1.26
.83
91
102
93
112
1,114
97
120
87
114
481
2,410
2,441
184
199
130
301
2,282
167
223
166
213
933
4,798
3,662
197
232
152
380
2,833
198
273
185
254
1,175
5,878
4,250
222
263
170
468
3,237
226
294
221
283
1,337
6,724
4,708
231
281
172
513
3,517
240
321
232
298
1,417
7,224
4,945
253
300
188
605
3,832
246
339
253
313
1,492
7,822
5,235
205
206
207
208
209
210
211
212
213
214
215
216
2,517
662
356
702
567
20,234
560
2,202
311
1,769
155
28
22
31
21
1,174
24
129
13
67
268
150
55
209
46
2,301
96
326
34
207
486
109
70
110
98
3,862
147
447
70
238
307
115
49
156
47
2,302
93
270
28
282
134
35
19
39
24
1,079
29
107
16
100
10.3
8.1
8.2
7.1
13.5
6.9
8.1
5.8
7.5
7.6
16.0
16.1
19.6
14.6
22.7
12.8
15.4
12.7
12.6
13.7
14.7
6.3
5.8
6.0
12.8
7.7
9.8
6.0
8.2
8.3
12.3
5.9
5.3
5.2
10.6
6.4
8.7
6,8
6.9
6.6
11.4
5.6
5.4
5.7
10.3
8.2
8.6
8.1
3.6
3.4
.10
.06
.03
.10
.01
2.66
.05
.45
.03
.18
.58
.16
.09
.19
.12
4.61
.14
.52
.07
.39
346
364
204
437
97
8,144
182
1,207
115
630
1,800
640
355
785
338
17,353
460
1,936
259
1,473
2,418
713
386
885
580
20, 218
545
2, 253
324
1,881
3,429
917
491
1,059
733
24,320
761
2,779
424
2,255
3,879
956
509
1,109
777
26,300
827
3,024
427
2,375
4,349
1,009
536
1,173
836
28,457
899
3,270
443
2,453
217
218
219
220
221
222
223
224
225
226
290
526
1,873
2,883
9,054
2,404
505
3,748
547
565
14
16
81
104
454
151
21
229
26
26
69
132
293
280
1,003
244
82
408
98
119
52
141
402
482
2,183
431
156
628
143
163
53
62
393
357
1,071
266
71
336
86
107
13
20
104
123
472
130
23
166
24
32
6.6
7.8
8.4
8.8
5.6
9.3
•<6.4
6.3
5.4
6.9
14.3
14.8
15.2
16.5
11.4
14.3
12.7
12.7
12.0
13.1
5.8
7.7
9.4
8.8
6.5
12.3
8.6
7.3
5.6
6.4
7.5
6.5
7.1
6.9
7.0
10.0
7.8
7.2
4.8
7.2
8.4
1.0
7.7
7.8
8.7
11.6
7.9
12.4
7.3
7.3
.05
.06
.16
.19
1.96
.13
.09
.59
.14
.09
.07
.14
.47
.64
2.13
.54
.13
.83
.14
.15
181
241
643
948
4,539
472
196
1,562
349
331
266
515
1,722
2,330
7,710
1,588
437
2,956
603
547
318
604
2,019
2,772
9,232
2,143
592
3,517
662
673
406
714
2,560
3,247
11,339
2,717
684
3,906
749
825
437
846
2,764
3,687
12, 185
3,044
737
4,584
818
889
474
854
2,979
3,974
13, 243
3,397
795
5,154
877
954
227
228
229
230
231
232
233
234
235
236
806
545
53,626
6,830
31
14
2,831
319
89
46
6,555
1,724
115
136
10,669
1,754
96
79
6,624
1,316
29
26
2,744
355
6.0
8.6
6.8
6.2
13.9
18.1
13.0
13.8
5.1
7.1
7.7
5.4
6.6
7.9
7.0
5.8
13.7
9.9
8.5
6.1
.14
.04
7.30
1.40
.18
.13
12.41
1.85
475
249
21,912
4,792
671
434
45,177
7,454
802
518
54,056
8,485
878
672
65,867
10,142
984
726
71,883
10,890
1,119
798
78,043
11,578
237
238
239
240
519
1,542
2,061
619
17
59
76
26
39
132
171
73
33
271
305
72
20
110
130
53
18
68
86
25
7.6
8.3
8.1
7.0
17.7
9.2
11.1
4.0
343
1,086
1,429
479
400
1,406
1,806
578
492
1,708
2,200
737
524
1,877
2,401
790
617
2,050
2 667
821
241
242
243
244
http://fraser.stlouisfed.org/
348-322 O - 69 - 3A
Federal Reserve
Bank of St. Louis
.10
.33
.42
.13
SURVEY OF CURRENT BUSINESS
26
May 1969
Table 2.—Per Capita Personal Income and Earnings by Broad Industrial
Per capita personal income, where received
Dollars
Percent of the national average
Line
1929
1
2
3
Total United States l
Sum of all SMS A counties __ .
Sum of all non-SMSA areas
4
5
6
7
8
9
New England 2 3
Boston Mass
Burlington, Vt
Fall River-New Bedford, Mass
Hartford-New Britain, Conn
Lewiston-Aubura, Maine
Manchester, N.H..
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
New Haven- Water bury-Meriden, Conn
New London-Groton-Norwich, Conn
Portland, Maine
Providence-Pawtucket-Warwick, R .1
Springfield-Chicopee-Holyoke, Mass
._
Worcester-Fitchburg-Leominster, Mass
Sum of S MSA's
Non-SMSA area
...
.
Mideast
Albany-Schenectady-Troy, N.Y
Allentown-Bethlehem-Easton, Pa.-N.J
Altoona Pa
Atlantic City N J
Baltimore Md
Binghamton, N.Y.-Pa_
Bridgeport-Norwalk-Stamford, Conn
Buffalo N Y
Erie Pa
Harrisburg, Pa .Jersey City, N.J .
Johnstown Pa
Lancaster Pa
New York, N.Y
Newark N J
Paterson-Clifton-Passaic, N.J. .
Philadelphia , Pa. -N . J _ _ _
.._
Pittsburgh Pa
Pittsfield Mass
.
Reading, Pa
-
.
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Rochester, N.Y
Scranton Pa
Steubenville-Weirton, Ohio-W. Va_
Syracuse N Y
Trenton, N.J
Utica-Rome N Y
Vineland-Millville-Bridgeton, N. J._
Washington D C -Md -Va
Wheeling W Va -Ohio
Wilkes-Barre-Hazleton, Pa ..
Wilmington Del -N.J.-Md .. York Pa
SumofSMSA's
Non-SMSA area
52
53
54
55
56
57
58
59
60
61
Great Lakes
Akron Ohio
Anderson Ind
- Ann Arbor Mich
Bay City Mich
:
Blooming ton-Normal, 111 . - .
....
Canton Ohio
Champaign-Urbana, 111
_ - . . . ..
Chicago 111
-Cincinnati Ohio-Ky.-Ind
Cleveland Ohio
--
62
63
64
65
66
67
68
69
70
71
Columbus Ohio
- - Davenport- Rock Island-Moline, Iowa-Ill.
Dayton, Ohio
D ecatur 111
Detroit Mich
...
Evansville, Ind.-Ky
. _ .
Flint Mich
Fort Wayne Ind
Gary-Hammond-East Chicago, Ind
Grand Rapids, Mich
72
73
74
75
76
77
78
79
80
81
Green Bay Wis
Hamilton-Middletown, Ohio.-. .
Indianapolis, Ind
,
- Jackson Mich
Kalamazoo, Mich
Kenosha, Wis - Lafayette-West Lafayette, Ind
Lansing Mich
Lima Ohio
Lorain-Elyria, Ohio..
Madison, Wis
Mansfield, Ohio , .
...
Milwaukee, Wis
Muncie, Ind
Muskeeon-Muskeeon Heiehts. Mich
See footnotes at end of table.
82
83
84
85
86
..
.-
- -
-
..
. . ...
1940
1950
1959
1962
1965
1966
1967
1929
1940
1950
1959
1962
1965
1966
1967
100
100
705
928
402
590
760
351
1,489
1,737
1,083
2,161
2,448
1,602
2,368
2,657
1,791
2,760
3,076
2,113
2,963
3,291
2,289
3,159
3,511
2,429
100
132
57
100
129
59
100
117
73
100
113
74
100
112
76
100
111
77
111 111
77
77
996
678
692
1,118
633
803
824
524
649
1,019
564
672
1,659
1,151
1,529
2,047
1,351
1,579
2,504
1,870
2,057
2,803
1,949
2,324
2,834
2,130
2,277
3,076
2,026
2,588
3,202
2,386
2,668
3,439
2,209
2,759
3,414
2,796
2,866
3,715
2,488
3,010
3,709
3,112
3,079
4,017
2,650
3,276
141
96
98
159
90
114
139
89
110
172
95
114
111
77
102
137
90
106
121
91
100
136
95
113
120
90
96
130
86
109
116
86
97
125
80
100
115
94
97
125
84
102
117
99
97
127
84
104
977
744
833
867
792
765
919
625
889
700
683
745
717
711
794
538
1,828
1,708
1,292
1,654
1,660
1,632
1,675
1,269
2,644
2,451
2,144
2,191
2,267
2,220
2,426
1,898
2,919
2,694
2,282
2,467
2,475
2,472
2,710
2,108
3,413
3,099
2,501
2,837
2,793
2,913
3,082
2,507
3,677
3,362
2,687
3,050
2,965
3,113
3,306
2,705
3,916
3,585
2,960
3,297
3,145
3,272
3,566
2,932
139
106
118
123
112
109
130
89
150
118
115
126
121
120
135
91
122
114
86
111
111
109
112
85
128
119
104
106
110
108
112
88
123
114
96
104
105
104
114
89
124
112
91
103
101
106
112
91
124
113
91
103
100
105
112
91
124
113
94
104
100
104
113
93
980
793
625
852
914
680
1,090
983
749
768
823
691
565
616
811
571
894
826
663
694
1,625
1,672
1,295
1,412
1,691
1,376
1,845
1,762
1,646
1,593
2,282
2,250
1,809
1,967
2,307
2,192
2,715
2,437
1,993
2,213
2,485
2,550
1,893
2,247
2,581
2,410
3,123
2,408
2,233
2,330
2,942
2,934
2,274
2,466
2,975
2,738
3,314
2,971
2,728
2,672
3,119
3,093
2,410
2,601
3,207
2,918
3,533
3,145
2,965
2,885
3,421
3,244
2,578
2,869
3,409
3,099
3,871
3,322
3,139
3,143
139
112
89
121
130
96
155
139
106
109
139
117
95
104
137
96
151
140
112
117
109
112
87
94
113
92
123
118
110
106
111
109
88
95
112
106
132
118
97
107
105
108
80
95
109
102
132
102
94
98
107
106
82
89
108
99
120
108
99
97
105
104
81
88
108
98
119
106
100
97
108
J03
82
91
108
98
123
105
99
99
860
566
664
1,376
1,078
828
961
883
783
772
790
511
581
990
912
743
799
732
719
649
1,727
1,176
1,600
2,097
1,891
2,073
1,729
1,665
1,623
1,615
2,676
1,543
2,211
2,973
2,796
3,036
2,497
2,371
2,278
2,218
2,998
1,689
2,434
3,275
3,117
3,296
2,699
2,512
2,714
2,366
3,313
2,030
2,858
3,741
3,581
3,734
3,010
2,937
3,213
2,859
3,528
2,184
3,058
3,961
3,787
3,954
3,230
3,125
3,463
2,993
3,766
2,299
3,224
4,255
4,004
4,223
3,462
3,338
3,751
3,246
122
80
94
195
153
117
136
125
111
110
133
86
98
167
154
126
135
124
121
110
115
79
107
140
126
139
116
111
108
108
130
75
107
144
136
147
121
115
111
108
127
71
103
138
132
139
114
106
115
100
120
74
104
136
130
135
109
106
116
104
119
74
103
134
128
133
109
105
117
101
119
73
102
135
127
134
110
106
119
103
949
625
663
870
868
756
636
1,101
671
640
1,101
623
1,049
591
821
473
582
713
865
629
611
1,043
504
474
1,082
543
845
496
1,743
1,228
1,589
1,560
1,870
1,464
1,493
2,017
1,306
1,248
2,123
1,559
1,843
1,317
2,632
1,803
2,372
2,180
2,649
2,120
2,228
2,625
1,896
1,746
2,818
2,131
2,618
1,927
2,802
2,044
2,619
2,392
2,810
2,230
2,483
2,954
2,041
1,897
3,081
2,334
2,869
2,120
3,272
2,374
3,190
2,752
3,111
2,540
2,648
3,361
2,311
2,171
3,611
2,706
3,286
2,444
3,524
2,557
3,303
2,974
3,332
2,753
2,867
3,532
2,521
2,350
3,828
2,923
3,495
2,632
3,767
2,840
3,406
3,188
3,553
2,987
3,047
3,714
2,699
2,595
3,953
3,127
3,738
2,896
135
89
94
123
123
107
90
156
95
91
156
88
149
84
139
80
98
120
146
106
103
176
85
80
183
92
143
84
117
82
106
104
125
98
100
135
87
83
142
104
124
88
128
87
115
106
129
103
108
127
92
85
137
103
121
89
118
86
111
101
119
94
105
125
86
80
130
99
121
90
119
86
116
100
113
92
96
122
84
79
131
98
119
89
119
86
111
100
112
93
97
119
85
79
129
99
118
89
119
90
108
101
112
95
96
118
85
82
125
99
118
92
791
603
767
570
646
829
681
1,233
1,019
1,044
727
607
621
504
549
712
578
922
794
866
1,702
1,673
1,657
1,458
1,480
1,632
1,593
2,082
1,711
1,965
2,408
2,337
2,497
2,006
2,148
2,216
2,124
2,901
2,479
2,668
2,527
2,587
2,651
2,155
2,569
2,307
2,358
3,159
2,585
2,791
2,928
2,996
3,358
2,700
3,018
2,783
3,118
3,612
2,871
3,356
3,133
3,215
3,548
2,883
3,133
2,998
3,218
3,894
3,112
3,533
3,263
3,320
3,679
3,009
3,507
3,063
3,561
4,135
3,351
3,718
112
86
109
81
92
118
97
175
145
148
123
103
105
85
93
120
98
156
134
146
114
112
111
97
99
109
106
139
114
131
117
113
121
97
104
108
103
141
120
129
107
109
112
91
108
97
100
133
109
118
106
109
122
98
109
101
113
131
104
122
106
109
120
97
106
101
109
131
105
119
103
105
116
95
111
97
113
131
106
118
865
790
778
748
1,034
612
716
849
791
812
708
711
719
627
892
594
593
744
736
626
1,655
1,792
1,765
1,622
2,005
1,455
1,705
1,799
1,732
1,731
2,350
2,489
2,405
2,387
2,530
1,953
2,331
2,325
2,362
2,249
2,515
2,589
2,578
2,510
2,717
2,143
2,578
2,579
2,505
2,421
2,772
3,137
3,055
3,217
3,478
2,805
3,253
3,081
3,010
2,866
2,956
3,353
3,303
3,524
3,684
3,023
3,303
3,343
3,149
3,139
3,189
3,502
3,489
3,775
3,834
3,231
3,307
3,472
3,249
3,315
123
112
110
106
147
87
102
120
112
115
120
120
121
106
151
100
100
126
124
106
,111
120
118
108
134
97
114
120
116
116
114
121
117
116
123
95
113
113
115
109
106
109
109
106
115
90
109
109
106
102
100
114
111
117
126
102
118
112
109
104
100
113
111
119
124
102
111
113
106
106
101
111
110
119
121
102
105
110
103
105
665
703
855
772
921
852
628
677
583
679
569
657
722
579
664
670
552
566
500
659
1,464
1,630
1,831
1,620
1,731
1,778
1,461
1,483
1,446
1,651
2,050
2,217
2,452
2,224
2,257
2,704
2,154
2,180
1,906
2,115
2,226
2,330
2,759
2,345
2,517
2,854
2,361
2,323
2,189
2,180
2,545
2,799
3,210
2,924
2,950
3,002
2,927
2,848
2,492
2,595
2,769
3,008
3,476
3,256
3,167
2,978
3,051
2,994
2,804
2,737
3,006
3,205
3,614
3,383
3,402
2,959
3,177
3,194
2,863
2,853
94
100
121
110
131
121
89
96
83
96
96
111
122
98
112
113
93
96
84
111
98
109
122
108
116
119
98
99
97
110
99
108
119
108
110
131
105
106
92
103
94
98
117
99
106
121
100
98
92
92
92
101
116
106
107
109
106
103
90
94
93
102
117
110
107
101
103
101
95
92
95
101
114
107
108
94
101
101
91
90
804
697
1,035
807
702
695
610
790
692
569
1,615
1,681
1,944
1,653
1.620
2,323
2, 360
2,689
2,099
2.092
2,542
2,446
2,875
2,431
2.262
2,807
2,837
3,344
2,923
2.757
3,029
3,013
3,585
2,996
3.076
3,195
3,110
3,839
3,070
3.183
114
99
147
114
100
117
103
133
117
96
108
112
130
110
108
113
115
130
102
102
107
103
121
103
96
102
103
121
106
100
102
102
121
101
104
101
98
122
97
101
May 1968
27
SURVEY OF CURRENT BUSINESS
Source, by SMSA's and Non-SMSA's, for Selected Years, 1929-67
Earnings by broad industrial source, where earned, 1967
Per capita personal income, where received— Con.
Rank in SMSA's
1929
1950
1959
Millions of dollars
Percent increase
1967
Farm
earnings
Government
earnings
Manufacturing
Mining
Contract
construction
Transportation,
Communications,
and public
utilities
Line
Wholesale and
retail
trade
Finance
insurance
and real
estate
Services
1929-67
1959-67
Total
earnings «
348
278
504
46
43
52
503,564.0
384,422.8
119,141.2
17,166.0
3,833.4
13,332.6
83,961.0
60,289.9
23,671.1
148,910.0
117,434.2
31,475.8
5,180.0
2,386.8
2,793.2
30,155.0
23,462.5
6,692.5
35,418.0
29,043.7
6,374.3
83,950.0
66,613.4
17,336.6
25,710.0
22,554.7
3,155.3
71,644.0
58,014.4
13,629.6
1
2
3
18
120
116
5
140
64
73
201
125
8
164
110
36
173
139
9
162
69
28
112
119
11
185
79
272
359
345
259
319
308
48
66
50
43
36
41
10,595.1
227.9
942.7
2,900.1
181.4
573.9
23.0
4.2
6.8
21.8
4.3
2.7
1,493.5
27.4
116.8
253.5
17.1
49.5
3,071.3
74.4
458.3
1,321.2
78.8
258.8
4.6
.2
1.2
.9
.0
.6
634.8
20.0
41.8
166.1
11.7
38.4
692.6
13.2
44.0
106.5
6.4
40.0
1,894.8
36.7
132.3
393.2
31.8
87.6
750.5
10.5
23.9
294.9
6.2
28.4
1,993.5
41.1
108.6
334.5
24.3
67.1
4
5
6
7
8
9
21
98
52
41
72
89
36
58
176
76
71
83
22
46
121
108
85
97
18
35
142
74
104
81
301
382
255
280
297
328
288
369
48
46
38
50
39
47
47
54
2, 161. 3
689.6
462.1
1,928.5
1,411.8
1, 522. 9
23,597.1
4,648.5
6.7
6.1
3.8
2.0
11.2
10.8
103.5
148.1
219.6
138.7
65.6
253.1
234.8
168.5
3,038.1
1,016.9
903.4
335.1
116.7
734.2
536.6
728.2
8,616.9
1,488.7
1.9
.3
.1
1.6
2.2
.7
14.5
12.1
133.9
33.9
33.5
129.3
79.1
77.4
1,400.0
312.4
153.3
22.6
38.4
107.5
68.8
76.4
1,369.7
209.1
321.5
71.2
99.5
324.4
210.2
203.0
3,806.2
650.0
87.9
14.8
34.2
106.6
70.1
59.9
1,487.9
142.8
328.8
64.2
68.3
263.6
194.5
194.0
3,682.4
634.0
10
11
12
13
14
15
16
17
20
69
146
47
31
118
8
19
93
87
86
68
175
153
64
158
30
45
79
102
81
89
180
156
74
107
14
47
150
101
57
86
200
151
58
114
19
69
106
105
249
309
312
237
273
356
255
238
319
309
50
44
43
46
48
41
43
36
58
42
1,921.4
1,437.6
281.3
383.8
5, 674. 1
773.3
2,309.5
3, 628. 6
654.6
1,088.3
10.2
16.2
4.7
6.8
24.4
12.0
2.6
25.1
14.0
17.3
428.6
107.7
32.5
62.6
1,257.7
100.1
185.7
451.5
54.4
281.4
539.4
727.9
88.3
62.9
1,635.2
364.3
997.3
1, 535. 0
328.7
264.8
2.6
3.8
2.1
.1
2.2
.7
1.0
3.1
.2
1.5
119.4
77.5
12.1
30.3
348.4
45.2
148.4
209.0
37.7
70.9
132.7
94.7
53.9
27.2
458.7
38.8
97.5
266.5
39.4
96.9
318.9
200.9
43.8
85.9
922.5
105.7
349.1
553.0
91.2
164.7
77.2
45.3
7.6
23.6
285.4
23.4
104.8
136.2
19.8
52.9
288.9
161.0
36.1
82.0
731.7
81.1
412.7
443.1
68.4
136.5
18
19
20
21
22
23
24
25
26
27
43
171
126
1
9
56
23
35
79
83
55
196
100
5
22
7
54
69
88
93
19
215
104
3
10
2
39
56
82
98
24
215
88
3
12
4
51
68
25
85
338
306
386
209
271
410
260
278
379
320
41
49
46
43
43
39
39
41
65
46
2,022.0
497.1
795.7
38,817.9
6, 149. 2
3, 789. 3
13,344.8
6,391.6
392.4
776.6
.2
10.5
47.9
27.0
6.5
5.1
79.9
18.1
2.2
17.7
223.4
60.4
65.6
4,999.4
620.8
341.9
1,921.5
615.3
32.1
63.3
903.2
182.2
378.9
9, 170. 1
2, 115. 6
1,494.4
4, 688. 3
2, 550. 8
199.6
372.2
.4
43.8
2.9
45.5
6.7
3.8
11.6
77.9
.6
9.6
80.3
22.4
45.7
1, 731. 2
390.9
262.5
794.6
406.5
19.2
38.7
305.5
34.3
39.1
3, 564. 4
538.1
228.5
910.2
481.3
14.3
47.1
281.5
70.7
111.1
7,378.3
1,013.1
699.7
2, 206. 0
1,019.9
49.3
103.0
49.8
12.7
18.9
4,093.7
424.5
153.1
758.0
273.1
14.1
30.9
177.3
59.7
82.6
7, 735. 7
1,020.4
592.2
1,950.3
943.6
59.4
92.8
28
29
30
31
32
33
34
35
36
37
25
147
127
39
40
91
139
7
124
136
6
148
47
187
105
116
25
139
130
11
173
182
3
117
24
184
55
110
21
129
92
26
170
193
8
124
23
158
59
96
37
136
125
27
180
199
15
109
297
354
414
266
309
295
379
237
302
305
259
402
256
390
43
58
44
46
34
41
37
41
42
49
40
47
43
50
2,657.2
497.4
458.6
1, 621. 2
938.7
834.7
316.7
8,341.5
383.6
688.6
1, 512. 4
795.8
110,175.3
15,250. 4
56.1
2.5
.3
23.6
3.8
20.9
18.5
15.5
3.1
4.1
24.2
26.7
547.8
583.8
250.7
67.5
26.0
217.5
168.8
197.4
30.6
3, 615. 2
39.6
94.5
213.7
77.6
16,904. 8
3,005.0
1,338.3
191.0
254.9
539.2
337.8
305.3
140.9
360.9
122.7
258.7
677.7
382.0
33,508. 1
5,106.0
6.2
3.2
11.3
3.1
.4
2.0
3.4
11.4
30.6
21.6
1.0
4.0
318.5
219! 2
160.3
20.3
39.3
113.8
37.0
34.2
15.4
522.7
25.4
43.5
98.0
49.1
6,049. 6
' 851. 0
105.2
44.0
28.8
120.8
51.3
43.4
24.2
474.8
29.3
47.8
76.0
45.0
8,559.7
904.8
346.9
91.5
52.0
290.0
126.1
107.9
40.5
1, 195. 9
63.2
113.0
184.9
114.4
18,494.7
2,184.2
87.2
17.0
8.1
76.8
32.9
29.7
11.9
419.6
13.9
23.4
56.7
16.7
7,398.9
406.9
299.7
60.2
37.6
232.4
178.0
91.6
28.2
1, 694. 6
55.4
81.0
175.2
78.5
18,167.9
1,913.7
38
39
40
41
42
43
44
45
46
47
48
49
50
51
73
159
88
169
133
55
117
3
16
12
60
67
74
143
134
82
101
6
57
15
50
65
38
147
119
100
126
7
42
20
82
70
30
130
42
122
36
8
65
26
313
451
380
428
443
269
423
235
229
256
36
42
47
50
63
.38
68
43
35
39
1, 785. 7
393.7
729.1
239.3
266.3
947.8
437.0
23, 050. 7
3, 635. 3
6,413.1
7.8
8.0
4.8
9.5
37.5
6.9
28.0
54.1
10.4
13.4
157.4
29.5
184.9
21.9
37.6
68.5
209.1
2, 273. 9
382.0
431.8
869.9
247.6
310.4
98.8
49.5
486.9
38.4
8,042.5
1, 386. 0
2, 728. 9
1.7
.6
1.6
.5
2.1
2.3
.4
62.1
3.3
17.8
84.0
12.8
45.8
15.5
13.5
52.7
26.1
1, 385. 5
228.3
397.2
132.9
11.2
19.6
15.2
17.5
53.1
16.1
1, 855. 7
293.7
460.8
272.3
43.5
71.9
43.3
40.2
137.1
56.1
4,485.8
653.6
1, 149. 7
52.0
8.9
13.4
4.9
35.8
31.5
8.4
1,406.0
190.0
313.8
203.2
31.0
75.2
29.2
31.6
107.3
53.5
3,466.2
484.5
894.1
52
53
54
55
56
57
58
59
60
61
42
75
82
94
15
154
107
49
74
58
75
41
44
89
12
145
59
40
51
53
60
40
51
53
32
161
66
68
57
90
95
44
46
22
21
87
73
49
84
72
269
343
348
405
271
428
362
309
311
308
36
41
45
58
52
65
42
49
38
47
2,387.0
1, 092. 6
2, 561. 2
393.2
13, 277. 3
618.4
1, 359. 9
858.9
1, 790. 0
1, 440. 7
15.4
38.4
25.5
13.1
10.3
15.0
11.5
9.0
13.5
22.5
429.6
111.2
487.1
38.3
1, 374. 6
56.6
115.5
57.6
122.2
112.8
686.3
450.2
1, 151. 0
149.4
5, 946. 6
243.1
759.9
372.9
946.4
618.3
5.6
1.8
3.8
.5
9.2
14.3
1.0
1.4
.4
1.1
167.6
84.4
121.2
27.6
764.0
43.4
64.2
64.6
179.0
101.6
162.1
75.6
95.5
46.0
755.9
39.7
49.4
64.3
128. 9
91.0
421.0
179.1
325.8
56.6
2,097.2
105.4
203.4
149.2
208.7
254.2
160.0
40.6
68.4
14.8
569.8
24.0
27.9
44.8
41.9
51.6
333.9
109.0
278.4
46.4
1, 735. 0
76.3
125.7
94.5
148.3
184.8
62
63
64
65
66
67
68
69
70
71
125
113
46
84
30
48
142
121
165
119
141
84
35
91
52
43
142
133
146
78
140
99
45
94
87
15
116
111
168
130
132
91
33
61
60
144
98
94
152
154
352
356
323
338
269
247
406
372
391
320
47
45
47
52
51
9
47
47
50
35
349.4
557.3
3, 220. 0
386.5
555.4
262.1
294.0
960.4
426.5
556.9
13.5
3.3
55.8
7.6
5.1
6.1
8.9
25. 6
26.8
9.2
23.8
65.5
427.9
39.7
67.1
34.2
78.8
208.9
41.3
49.3
130.1
263.4
1, 113. 7
172.9
264.5
126.0
88.1
347.9
177.8
294.5
.1
.8
7.2
.4
.8
.1
.6
1.0
.8
1.0
23.1
67.3
216.6
19.9
41.6
16.2
17.7
62.8
25.7
32.5
33.9
17.5
237.8
37.7
20.9
10.6
12.1
29.6
27.0
23.6
69.6
66.2
581.0
52.7
76.3
33.3
38.0
134.7
67.5
67.8
9.5
19.1
217.8
9.6
15.6
5.1
15.0
37.4
14.3
13.7
44.9
53.5
358.6
45.6
62.6
30.4
34.5
110.5
44.4
64.3
72
73
74
75
76
77
78
79
80
81
63
115
14
61
114
94
66
19
77
90
70
58
17
134
136
93
113
20
120
97
297
346
271
280
353
38
32
43
46
52
711. 7
362.1
4, 197. 6
323.8
413.2
26.9
2.9
23.2
. 6.4
4.0
194.2
32.5
357.1
35.3
33.2
129.5
189.1
1, 814. 6
156.0
235.5
1.4
.4
6.2
.4
1.0
59.2
20.0
291.3
14.7
20.2
38.2
15.7
268.1
23.1
21.6
119.2
49.4
688.4
46.3
50.3
42.9
14.6
218.9
9.6
8.2
97.9
37.2
525.3
31.6
38.8
82
83
84
85
86
SURVEY OF CURRENT BUSINESS
28
May 1968
Table 2.—Per Capita Personal Income and Earnings by Broad Industrial
Per capita personal income, where received
Percent of the national average
Dollars
Line
1929
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
Great Lakes
Peoria 111
Racine Wis
Rockford, 111 .
Saginaw Mich
South Bend Ind
Springfield, 111 _Springfield Ohio
Terre Haute Ind
Toledo, Ohio-Mich
Youngstown- Warren O hio
Sum of SMSA's
Non-SMSA area
.
..
Plains
Cedar Rapids Iowa
- - - - Des Moines Iowa
•DubuQue Iowa
Duluth- Superior Minn.-Wis
_ _
Fargo-Moorhead, N.Dak.-Minn
_ _
Kansas City Mo.-Kans
Lincoln Nebr
Minneapolis- St Paul Minn
Omaha Nebr -Iowa
- Sioux City lowa-Nebr
Sioux Falls S Dak
- Springfield Mo
St Joseph Mo
S t Louis M o -111
_ _ _ _ _ _
Topeka Kans
- Waterloo Iowa
Wichita Kans
- Sum of SMSA's
- Non-SMSA area
- Southeast
Albany Ga
_
Asheville, N.C
Atlanta Ga
- - Augusta Ga -S C
Baton Rouge La
Biloxi- Gulf port Miss
_ _ _ _
Birmingham Ala
_ _
Charleston S C
- _
Charleston W Va
Charlotte N C
- -
_ _
_
- -
_ _ _ _ _
- -
128
129
130
131
132
133
134
135
136
137
Chattanooga Tenn -Ga
Columbia S C
Columbus Ga -Ala
Durham N.C
Fayetteville N C
_ _ _
Fort Lauderdale- Holly wood, Fla
_ _ _
Fort Smith Ark -Okla
Gadsden A l a
_ _ _ _
Greensboro- Winston- Salem-High Point N C
Greenville S C
138
139
140
141
142
143
144
145
146
147
Huntington-Ashland, W. Va.-Ky.-Ohio
Huntsville Ala
Jacksonville Fla
Jackson Miiss
Knoxville Tenn
__
Lafayette La
Lake Charles La
- Lexington Ky
Little Rock-North Little Rock Ark
Louisville Ky -Ind
148
149
150
151
152
153
154
155
156
157
Lynchburg Va
Macon, Ga
- Memphis Tenn -Ark
Miami Fla
Mobile Ala
Monroe, La
Montgomery Ala
Nashville Tenn
New Orleans La
Newport News-Hampton, Va
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
Norfolk-Portsmouth Va
Orlando, Fla
_ --_ Pensacola Fla
Pine Bluff Ark
Raleigh N C
Richmond Va
Roanoke Va
Savannah Ga
Shreveport La
Tallahassee Fla
Tampa-St Petersburg Fla
Tuscaloosa Ala
West Palm Beach Fla
Wilmington N C
Sum of SMSA's
Non-SMSA area
.
_-
-
-
--
._ __
-
- --- -
1940
1950
1959
1962
1965
1966
1967
1929
1940
1950
1959
1962
1965
1966
1967
788
816
900
739
787
726
746
530
891
739
979
486
793
688
772
626
761
703
687
441
729
638
795
422
1,888
1,923
2,044
1,604
2,045
1,603
1,591
1,243
1,820
1,544
1,870
1,251
2,498
2,479
2,546
2,212
2,509
2,316
2,121
1,820
2,301
2,178
2,539
1,808
2,503
2,614
2,751
2,376
2,414
2,687
2,244
2,089
2, 445
2,236
2,726
2,024
3,247
3,018
3,409
3,011
2,772
3,193
2,611
2,524
2,870
2,740
3,235
2,449
3,386
3,245
3,677
3,181
2,982
3,295
2,830
2,690
3,065
2,927
3,457
2,655
3,618
3,448
3,931
3,272
3,164
3,594
2,967
2,776
3,278
3,005
3,644
2,781
112
116
128
105
112
103
106
75
126
105
139
69
134
116
130
106
129
119
116
74
123
108
135
72
126
129
137
107
137
107
106
83
122
103
126
84
121
120
124
107
122
112
103
88
112
106
117
84
106
110
116
100
102
113
95
88
103
94
115
85
118
109
124
109
100
116
95
91
104
99
117
89
114
110
124
107
101
111
96
91
103
99
117
90
115
109
124
104
100
114
94
88
104
95
115
88
874
1,007
662
640
597
771
779
930
886
810
728
757
527
536
561
647
568
777
658
690
1,937
1,858
1,492
1,419
1,692
1,663
1,524
1,854
1,699
1,737
2,684
2,735
2,002
1,914
2,147
2,421
2,346
2,613
2,358
2,276
2,955
2,849
2,145
2,104
2,527
2,627
2,601
2,901
2,565
2,485
3,606
3,437
2,495
2,475
2,722
3,075
3,023
3,357
2,851
3,108
3,913
3,751
2,732
2,643
2,809
3,274
3,248
3,644
3,088
3,364
4,218
4,000
2,844
2,846
3,122
3,512
3,490
3,949
3,349
3,621
124
143
94
91
85
109
110
132
126
115
123
128
89
91
95
109
96
131
111
117
129
124
100
95
113
111
102
124
114
116
130
133
97
93
104
117
114
127
114
110
125
120
91
89
107
111
110
123
108
105
131
125
90
90
99
111
110
122
103
113
132
127
92
89
95
110
110
123
104
114
134
127
90
90
99
111
110
125
106
115
626
578
704
953
739
708
833
858
423
557
490
564
763
577
729
664
700
360
1,501
1,354
1,625
1,787
1,584
1,867
1,878
1,742
1,190
1,804
1,955
2,288
2,483
2,301
2,753
2,537
2,451
1,587
2,125
2,100
2,488
2,607
2,524
2,811
2,598
2,642
1,850
2,393
2,257
2,492
3,087
2,918
3,356
2,896
3,075
2,192
2,585
2,401
2,699
3,299
3,009
3,671
3,132
3,305
2,370
3,167
2,616
2,906
3,485
3,436
3,993
3,340
3,551
2,464
89
82
100
135
105
100
118
122
60
94
83
95
129
97
123
112
119
61
100
91
109
119
106
125
126
117
80
88
95
111
120
112
134
123
113
73
90
89
105
110
107
119
110
112
78
87
82
90
112
106
122
105
111
79
87
81
91
111
102
124
106
112
80
100
83
92
110
109
126
106
112
78
538
446
674
446
560
467
550
427
600
553
501
428
602
408
591
346
485
457
598
563
1,223
1,143
1,605
1,216
1,491
1,469
1,257
1,036
1,455
1,541
1,636
1,732
2,310
1,697
2,106
1,612
1,961
1,407
2,123
2,131
1,683
1,883
2,550
1,978
2,073
1,811
2,063
1,559
2,149
2,360
2,164
2,286
2,974
2,367
2,416
2,095
2,445
1,808
2,516
2,821
2,382
2,466
3,183
2,610
2,572
2,317
2,595
1,906
2,752
3,086
2,432
2,599
3,371
2,735
2,886
2,339
2,758
2,151
2,959
3,260
76
63
96
63
79
66
78
61
85
78
85
72
102
69
100
58
82
77
101
95
82
76
107
81
100
98
84
69
97
103
79
84
112
82
102
78
95
68
103
103
71
80
108
84
88
76
87
66
91
100
78
83
108
86
88
76
89
66
91
102
80
83
107
88
87
78
88
64
93
104
77
82
107
87
91
74
87
68
94
103
652
439
496
474
369
520
366
348
643
372
509
459
493
399
458
577
282
342
496
375
1,284
1,115
1,367
1,131
1,547
1,437
899
1,101
1,386
1,175
1,881
1,650
1,658
1,676
1,580
2,222
1,584
1,715
2,030
1,688
1,937
1,844
1,781
1,891
1,818
2,224
1,690
1,711
2,280
1,976
2,412
2,255
2,166
2,145
1,962
2,681
1,831
2,120
2,745
2,446
2,671
2,480
2,473
2,388
2,133
2,842
1,991
2,307
2,962
2,766
2,798
2,633
2,800
2,728
2,484
3,112
2,152
2,416
3,159
2,884
92
62
70
67
52
74
52
49
91
53
86
78
83
67
77
97
48
58
84
63
86
75
91
76
103
96
60
74
93
79
91
80
80
81
77
108
77
83
98
82
82
78
75
80
77
94
71
72
96
83
87
82
78
78
71
97
66
77
99
89
90
84
83
81
72
96
67
78
100
93
89
83
89
86
79
99
68
76
100
91
491
253
752
462
487
290
389
783
643
793
428
214
634
414
459
274
377
524
474
628
1,140
718
1,431
1,237
1,342
1,095
1,331
1,222
1,246
1,576
1,805
1,780
2,025
1,803
1,837
1,553
1,970
1,954
1,933
2,266
1,917
1,854
2,166
1,956
1,954
1,810
1,842
2,236
2,064
2,420
2,400
2,286
2,573
2,277
2,305
2,119
2,344
2,631
2,566
2,882
2,578
2,426
2,779
2,487
2,471
2,166
2,546
2,878
2,770
3,078
2,737
2,444
3,059
2,527
2,671
2,372
2,856
3,084
2,928
3,281
70
36
107
66
69
41
55
111
91
112
72
36
107
70
78
46
64
89
80
106
76
48
96
83
90
73
89
82
83
105
88
86
98
87
89
75
96
95
94
110
81
78
91
83
83
76
78
94
87
102
87
83
93
83
84
77
85
95
93
104
87
82
94
84
83
73
86
97
93
104
87
77
97
80
85
75
90
98
93
104
467
527
629
879
499
494
526
610
723
606
458
446
521
770
413
426
470
519
592
636
1,099
1,164
1,355
1,660
1,043
1,190
1,202
1,329
1,531
1,368
1,724
1,660
1,788
2,346
1,622
1,654
1,671
2,005
2,128
2,049
2,006
1,763
1,965
2,389
1,679
1,773
1,835
2,203
2,262
2,284
2,377
2,172
2,354
2,944
2,214
2,077
2,199
2,588
2,703
2,647
2,522
2,347
2,541
3,147
2,337
2,335
2,311
2,805
2,894
2,839
2,632
2,605
2,737
3,463
2,419
2,523
2,480
2,984
3,066
3,131
66
75
89
125
71
70
75
87
103
86
77
75
88
130
70
72
79
88
100
107
73
78
91
111
70
80
80
89
102
91
84
81
87
114
79
80
81
97
103
99
85
74
83
101
71
75
77
93
96
96
86
79
85
107
80
75
80
94
98
96
85
79
86
106
79
79
78
95
98
96
83
82
87
110
77
80
79
94
97
99
612
568
495
376
464
830
585
626
581
395
595
315
876
547
589
266
634
568
481
291
470
845
606
510
592
442
562
261
701
421
527
245
1,585
1,342
1,161
831
1,189
1,742
1,464
1,254
1,578
1,071
1,283
872
1,347
1,071
1,359
803
1,876
2,102
1,938
1,453
1,771
2,328
1,966
1,838
1,945
1,704
1,973
1,525
1,980
1,481
1,964
1,254
2,065
2,200
2,046
1,632
1,993
2,624
2,184
1,794
1,954
1,928
2,114
1,555
2,191
1,660
2,112
1,412
2,540
2,380
2,516
1,995
2,379
3,188
2,651
2,246
2,290
2,354
2,416
1,728
2,605
2,110
2,524
1,701
2,762
2,518
2,699
2,096
2,594
3,268
2,772
2,443
2,493
2,418
2,597
1,812
2,796
2,292
2,715
1,869
2,948
2,691
2,927
2,251
2,734
3,472
2,998
2,691
2,626
2,647
2,824
1,928
3,012
2,423
2,915
2,001
87
81
70
53
66
118
83
89
82
56
84
45
124
78
84
38
107
96
81
49
79
143
102
86
100
75
95
44
118
71
89
42
106
90
78
56
79
116
98
84
105
72
86
58
90
72
91
54
91
102
94
70
86
113
95
89
94
83
96
74
96
72
91
58
87
93
86
69
84
111
92
76
83
81
89
66
93
70
89
60
92
86
91
72
86
116
96
81
83
85
88
63
94
76
91
62
93
85
91
71
88
110
94
82
84
82
88
61
94
77
92
63
93
85
93
71
87
110
95
85
83
84
89
61
95
77
92
63
May 1969
SURVEY OF CURRENT BUSINESS
29
Source, by SMSA's and Non-SMSA's, for Selected Years, 1929-67
Per capita personal income, where received— Con.
Rank in SMSA's
1929
1950
1959
Earnings by broad industrial source, where earned, 1967
Percent increase
1967
1929-67
1959-67
Millions of dollars
Total
earnings 4
Farm
earnings
Government
earnings
Manufacturing
Mining
Contract
construction
Transportation,
Communications,
and public
utilities
Line
Wholesale and
retail
trade
77
57
32
101
78
105
96
180
33
99
23
21
10
98
9
99
103
184
37
121
37
43
30
102
35
72
128
179
77
113
32
53
17
80
101
34
141
168
78
133
359
323
337
343
302
395
298
424
268
307
272
472
45
39
54
48
26
55
40
53
42
38
44
54
1, 001. 7
434.0
855.3
585.5
733.2
459.9
369.5
376.1
1, 779. 3
1,378.2
85,226.9
22,387.6
43.9
8.4
16.8
10.5
14.5
19.4
6.7
24.4
32.9
5.1
762.4
2,002.2
82.2
49.5
48.1
43.1
59.9
91.9
71.1
56.2
189.6
109.6
9,191.9
3,279.9
419.3
224.0
479.9
301.6
302.9
87.6
156.9
96.1
696.7
722.3
34,573.6
8,300.9
4.2
.7
2.1
1.0
.3
1.0
.4
7.8
3.6
3.1
177.7
328.8
75.0
25.1
49.4
37.0
43.6
32.6
16.7
24.2
117.8
77.6
5,306.8
1,215.1
59.2
15.5
29.2
35.6
45.0
46.7
17.0
35.9
139.1
78.2
5,703.1
1,170.2
165.5
57.1
122.6
83.2
124.1
76.7
45.1
75.7
303:2
191.0
14,339.0
3,194.0
38
17
128
137
162
85
81
29
34
60
20
27
131
152
63
70
126
29
62
49
18
12
149
167
120
48
64
27
59
83
5
13
156
155
110
41
45
16
66
31
383
297
330
345
423
356
348
325
278
347
57
46
42
49
45
45
49
51
42
59
532.1
949.9
219.5
597.9
265.9
3, 598. 2
385.2
5, 453. 8
1, 438. 9
323.8
13.7
9.7
12.0
.3
27.5
30.7
7.0
15.7
31.0
18.8
27.0
91.0
11.0
109.9
42.7
438.5
80.1
637.1
234.0
38.5
252.4
235.4
88.4
80.3
18.2
1, 005. 6
63.6
1,677.2
288.3
82.4
3.3
1.3
.5
83.1
.4
4.5
.1
6.7
2.4
0
34.0
55.1
15.5
49.6
24.0
217.7
32.8
376.1
105.0
21.5
38.7
90.1
15.7
64.3
26.7
448.6
33.6
477.0
171.4
36.2
84.7
212.5
36.6
101.6
66.1
723.6
68.8
1, 105. 2
275.3
67.2
144
167
112
24
100
110
53
128
163
87
42
108
26
24
182
159
80
41
76
11
31
99
194
148
47
54
14
67
406
353
313
266
365
464
301
314
483
76
34
27
40
49
45
32
45
55
220.2
297.1
220.1
6, 685. 2
393.8
415. 9
1, 135. 3
23,132.9
17,916.9
13.0
2.8
9.2
29.2
3.3
11.6
20.2
255.8
3,932.8
20.6
35.0
22.4
722.1
101.7
32.6
139.9
2,784.2
3,479.0
45.6
77.3
77.2
2,470.5
68.1
216.4
454.3
7,201.0
2,604.6
1.0
.6
.2
27.9
.2
.5
17.8
150.7
292.7
10.7
20.7
12.7
443.6
27.2
22.0
55.8
1,523.8
956.8
22.5
29.5
19.1
588.1
49.8
23.8
60.6
2,195.6
1,001.6
54.9
66.3
42.9
1, 179. 6
63.7
58.5
184.1
4,391.6
2,981.8
179
200
122
199
173
194
177
203
160
175
190
202
97
192
132
137
180
213
144
123
208
194
73
199
132
210
158
220
127
123
209
198
63
175
149
214
169
218
143
83
352
483
400
513
415
401
401
404
393
490
49
50
46
61
37
45
41
53
39
53
170.9
313.3
3, 840. 2
692.8
678.5
271.0
1, 667. 6
579.1
625.8
1, 139. 7
3.5
3.3
2.5
6.2
.9
.0
8.0
9.3
0
9.9
50.9
45.5
470.7
279.4
104.0
146.2
176.6
239.9
75.4
79.7
33.3
109.8
896.9
195.4
165.4
19.8
533.6
86.0
206.2
249.1
0
.4
4.6
2.7
5.0
.4
40.6
.1
25.5
1.0
14.5
19.1
257.0
32.4
128.9
11.8
96.2
37.3
33.1
111.2
8.9
17.9
442.3
28.8
35.0
14.2
161.0
36.2
76.9
148.2
131
201
186
193
212
184
213
217
135
211
177
205
160
204
120
147
216
206
157
197
171
207
205
201
213
96
212
196
143
200
166
189
165
177
206
111
217
212
103
150
329
500
465
476
573
498
488
594
391
675
49
60
69
63
57
40
36
41
56
71
782.0
708.2
631.3
394.9
481.6
806.1
245.4
195.9
1, 596. 2
679.2
4.0
7.0
2.2
7.5
7.0
10.7
4.5
3.4
24.2
3.3
71.2
252.9
348.0
75.9
324.5
91.2
29.9
21.3
134.2
57.0
343.7
101.0
101.1
98.4
30.8
95.6
74.5
96.5
684.9
290.4
.7
2.1
.5
0
.1
1.7
3. 6
.2
2.6
1.3
42.7
48.8
22.8
31.3
17.2
106.1
25.2
10.5
94.9
66.4
189
221
92
197
192
220
209
80
134
71
203
221
149
185
168
208
169
191
183
112
181
189
145
185
176
214
155
160
166
86
173
208
123
202
184
213
153
117
146
77
457
866
307
447
448
718
634
294
355
314
52
37
51
40
45
53
45
58
51
45
571. 7
522.9
1, 310. 2
543.1
899.9
199.5
298.6
460.8
746.4
2, 198. 7
.6
20.5
2.3
11.0
3.7
4.3
9.7
15.9
4.8
5.2
67.1
150.7
353.9
78.6
157.3
26.0
36.3
66.6
141.5
242.1
208.0
94.0
162.0
85.8
331.6
11.4
79.9
128.3
142.6
841.0
6.2
.2
.1
10.7
11.0
44.0
11.9
.4
7.1
4.1
195
182
141
36
185
188
183
155
106
157
207
198
162
72
212
194
193
170
124
159
195
204
186
63
209
206
202
148
125
141
190
195
174
50
211
203
207
137
121
108
464
394
335
294
385
411
371
389
324
417
53
57
53
48
49
53
48
49
44
53
298.1
461.7
1, 739. 0
2, 989. 7
718.7
224.0
433.2
1, 357. 4
2, 573. 4
765.6
3.4
8.5
33.0
39.5
10.0
5.8
11.8
12.5
1.9
.8
37.6
165.1
300.3
432.4
174.2
30.5
137.7
178.5
327.7
330.0
132.7
92.7
388.3
397.0
158.2
46.5
55.4
369.5
444.7
213.8
153
170
187
210
196
54
164
145
166
206
163
218
37
178
107
167
199
218
195
48
140
181
111
210
178
217
165
209
172
133
165
219
190
67
157
175
164
198
153
216
152
217
145
182
147
216
176
48
134
183
191
187
159
220
129
210
382
374
491
499
489
318
412
330
352
570
375
512
244
343
395
652
57
28
51
55
54
49
52
46
35
55
43
26
52
64
48
59
1, 656. 2
861.8
508.8
158.0
489.3
1, 447. 3
454.1
399.3
617.1
184.0
1, 711. 2
194.3
649.9
190.9
45,334.6
35. 768.* 7
887.4
148.8
218.3
21.5
102.1
227.1
61.8
60.2
115.3
88.6
287.3
52.6
69.5
35.1
8,883.9
7*226*5
124.8
168.4
98.7
36.4
74.3
359.2
107.9
112.7
90.4
10.7
315.6
58.7
126.1
43.5
10,523.2
10*588*4
9.4
61.6
5.6
13.7
18.6
5.7
2.2
.4
13.4
1.8
9.0
3.6
83.4
4.9
555.7
3.587! 1
Finance
insurance
and real
estate
Services
112.7
43.4
82.2
56.9
104.2
66.0
43.0
43.1
235.3
152.5
11,022.4
2,255.9
87
88
89
90
91
92
93
94
95
96
97
98
52.4
144. 1
32.7
88.8
41.9
490.3
62.7
795.9
211.9
43.4
99
100
101
102
103
104
105
106
107
108
16.0
14.5
9.3
338.5
26.5
10.6
51.6
1,402.8
504.4
35.3
49.9
26.7
878.5
52.7
39.5
149.4
3,196.2
2,055.6
109
110
111
112
113
114
115
116
117
31.2
54.8
922.8
69.8
108.8
36.2
327.5
81.8
104.4
289.1
7.9
11.4
290.7
19.6
35.4
9.2
107.5
20.7
25.6
88.7
20.5
50.6
548.8
58.3
94.4
31.8
215.5
66.4
78.0
160.4
118
119
120
121
122
123
124
125
126
127
36.1
47.8
22.1
18.5
12.8
49.2
17.9
10.5
118.8
33.7
131.0
112.4
64.4
56.1
45.5
196.8
44.6
26.1
263.9
105.9
52.7
50.2
19.0
25.3
11.7
67.2
99.3
84.9
50.9
81.2
31.8
180.9
35.0
21.4
183.9
91.8
128
129
130
131
132
133
134
135
136
137
43.9
17.7
80.7
50.7
53.8
15.8
52.6
40.8
68.0
155.9
56.3
11.4
134.1
43.2
42.6
17.5
20.7
29.5
73.0
181.1
98.6
58.1
275.7
113.3
159.8
40.7
41.3
76.9
141.3
373.6
18.6
11,5
120.1
53.1
25.9
71.3
158.1
178.3
95.1
113.1
31.1
36.5
76.0
104.0
278.3
138
139
140
141
142
143
144
145
146
147
.5
.5
2.4
8.6
.9
2.4
.2
2.6
145.5
.1
16.8
24.4
114.8
202.9
40.7
31.1
30.3
99.2
212.3
36.1
16.7
24.9
151.8
437.4
70.7
19.8
27.9
93.8
340.3
26.1
40.7
67.7
393.8
622.9
126.1
46.3
80.7
261.4
520.0
69.5
13.5
20.6
88.9
218.9
30.9
35.9
55.9
263.9
621.4
103.1
31.9
62.8
226.9
412.1
69.9
148
149
150
151
152
153
154
155
156
157
.4
0
.2
.3
1.7
1.6
.8
0
39.7
.1
1.2
1.3
.1
.2
400. 0
937*3
85.4
61.9
29.9
16.2
30.5
112.6
28.1
26.8
45.8
11.8
128.5
12.7
56.8
13.1
3,256. 1
1*939* 1
102.2
48.5
20.6
21.6
33.7
135.8
73.1
56.5
67.4
224. 3
176.0
63.7
23.1
106.7
283.0
91.5
69.3
121.9
32.2
393.6
26.7
121.2
35.7
8,450. 0
4*831*8
52.6
56.2
19.2
168.2
135.8
50.9
18.9
73.5
194.6
64.4
55.1
94.2
23.3
293.6
23.2
117.1
26.5
6,550 7
3.925*0
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
4.5
155.5
8.5
23.4
23.4
3,929.9
1*642*2
36.5
9.9
23.9
16.2
37.8
37.0
12.0
12.3
58.5
37.6
4,041.3
554.2
25.3
109.8
6.7
19.0
18.1
235.2
35.9
354.6
116.3
14.8
9.3
6.1
87.7
29.1
8.3
8.6
24.9
62.7
115.8
9.3
25.6
111.2
164.8
18.1
5,7
47.6
125.1
23.1
17.5
27.6
10.0
117.7
6.4
43.2
8.2
2,686.4
*898* 6
SURVEY OF CUEEENT BUSINESS
30
May 1960
Table 2.—Per Capita Personal Income and Earnings by Broad Industrial
Per capita personal income, where received
Dollars
Percent of the national average
Line
Southwest
174
175
176
177
178
179
180
181
182
183
Abilene, Tex
..
Albuquerque, N. Mex
_
Amarillo Tex
Austin, Tex
..
Beaumont- Port Arthur-Orange, Tex
Brownsville-Harlingen-San Benito, Tex
Corpus Christi, Tex
Dallas, Tex
El Paso Tex
Fort Worth, Tex
- ---
184
185
186
187
188
189
190
191
192
193
Galveston-Texas City Tex
Houston, Tex
.. . .
Laredo Tex
Lawton Okla
Lubbock, Tex
McAllen-Pharr-Edinburg, Tex
Midland, Tex
- Odessa Tex
Oklahoma City, Okla
Phoenix, Ariz
194
195
196
197
198
199
200
201
202
203
204
San Angelo, Tev
San Antonio, Tex
. _
Sherman-Denison Tex
Texarkana, Tex -Ark
Tuscon, Ariz
Tulsa, Okla
Tyler Tex
Waco Tex
Wichita Falls, Tex
.
Sum of SMS A's
Non-SMSA area
-
1962
1965
1966
1967
1929
1940
1950
1959
1962
1965
1966
1967
387
482
753
525
594
309
476
654
525
563
1,326
1,472
1,953
1,235
1,479
927
1,327
1,833
1,467
1,645
1,971
2,306
2,274
1,803
2,043
1,215
1,713
2,472
1,758
2,212
2,063
2,339
2,338
1,889
2,150
1,217
1,918
2,625
1,744
2,273
2,335
2,669
2,653
2,221
2,534
1,597
2,219
2,972
1,970
2,701
2,547
2,798
3,011
2,352
2,790
1,735
2,392
3,160
2,343
2,915
2,809
2,973
3,134
2,714
2,972
1,759
2, 540
3,431
2,499
3,206
57
78
137
82
92
51
66
109
88
100
65
81
127
89
100
52
80
110
89
95
89
98
131
83
99
62
89
123
98
110
96
112
110
87
99
59
83
120
85
107
87
99
99
80
91
51
81
111
74
96
85
97
96
80
92
58
80
108
71
98
86
94
102
79
94
59
81
107
79
98
89
94
99
86
94
56
80
109
79
101
796
844
348
431
487
292
1,037
673
803
638
628
752
298
602
472
275
863
605
568
543
1,554
1,832
753
1,424
1,544
754
2,411
1,747
1,508
1,360
2,011
2,320
1,131
1,901
2,027
1,007
2,584
2,151
2,092
1,990
2,135
2,399
1,175
1,864
2,134
1,057
2,952
2,278
2,352
2,204
2,417
2,760
1,296
2,378
2,437
1,165
3,556
2,669
2,654
2,625
2,571
2,936
1,449
2,639
2,581
1,272
3,792
2,854
2,857
2,831
2,817
3,167
1,656
2,797
2,843
1,325
4,076
3,054
3,028
3,038
113
120
49
61
69
41
147
95
114
90
106
127
50
102
80
46
146
102
96
92
104
122
50
95
103
50
161
117
101
91
98
113
55
92
98
49
125
104
102
97
90
101
50
79
90
45
125
96
99
93
88
100
47
86
88
42
129
97
96
95
87
99
49
89
87
43
128
96
96
96
89
100
52
89
90
42
129
97
96
96
620
597
422
392
628
735
391
555
608
664
343
450
477
339
309
516
571
382
425
517
560
301
1,393
1,342
1,159
967
1,304
1,590
1,224
1,227
1,856
1,523
1,034
1,783
1,664
1,767
1,468
2,082
2,410
1,783
1,831
1,946
2,068
1,613
1,946
1,769
1,894
1,694
2,250
2,438
1,958
1,989
2,164
2,187
1,742
2,250
2,097
2,375
2,073
2,315
2,938
2,335
2,362
2,515
2,537
1,989
2,423
2,326
2,488
2, 309 '
2,471
3,130
2,512
2,585
2,914
2,739
2,138
2,602
2,494
2,622
2,620
2,713
3,363
2,748
2,807
3,095
2,958
2,247
88
85
60
56
89
104
55
79
86
94
49
76
81
57
52
87
96
65
72
87
95
51
93
90
77
65
87
106
82
82
124
102
69
87
81
86
71
101
117
87
89
94
96
75
82
75
80
72
95
103
83
84
91
92
74
82
76
86
75
84
106
85
86
91
92
72
82
79
84
78
83
106
85
87
98
92
72
82
79
83
83
86
106
87
89
98
94
71
745
712
806
789
944
835
622
354
605
712
787
508
668
638
724
535
750
702
486
305
532
650
656
454
1,619
1,436
1,953
1,497
1,820
1,817
1,426
1,053
1,265
1,557
1,628
1,333
2,346
2,157
2,231
2,150
2,518
2,290
2,064
1,592
1,844
2,134
2,270
1,889
2,438
2,379
2,512
2,332
2,759
2,511
2,283
1,616
2,114
2,432
2,507
2,095
2,647
2,661
2,762
2,661
3,017
2,761
2,450
1,876
2,378
2,557
2,738
2,327
2,856
2,824
2,884
2,812
3,263
2,975
2,602
1,820
2,531
2,693
2,917
2,434
3,084
3,008
3,164
2,993
3,516
3,047
2,697
1,955
2,605
2,805
3,102
2,564
106
101
114
112
134
118
88
50
86
101
112
72
113
108
122
90
127
119
82
52
90
110
111
77
108
96
131
100
122
121
95
70
85
104
109
90
114
105
108
104
122
111
100
77
89
104
105
87
103
100
106
98
117
106
96
68
89
103
106
88
96
96
100
96
109
100
89
68
86
93
99
84
96
95
97
95
110
100
88
61
85
91
98
82
98
95
100
95
111
96
85
62
82
89
98
81
747
656
490
615
732
... . 1,059
859
857
- 1,057
811
603
609
494
623
747
877
618
729
1,050
773
1,586
1,579
1,612
1,568
1,994
1,945
1,570
1,702
2,267
1,737
2,598
2,226
2,206
2,179
2,720
2,920
2,347
2,386
3,123
2,393
2,775
2,316
2,147
2,301
3,610
3,160
2,342
2,688
3,141
2,715
3,098
2,874
2,531
2,627
3,161
3,595
2,394
3,098
3,756
3,060
3,335
2,961
2,543
2,696
3,294
3,8872,457
3,308
3,951
3,155
3,532
3,082
2,648
2,821
3,451
4,150
2,647
3,504
4,207
3,205
106
93
70
87
104
150
122
122
150
115
102
103
83
105
126
148
104
123
177
131
106
106
108
105
133
130
105
114
152
116
126
108
107
106
132
142
114
116
152
116
117
98
91
97
152
133
99
114
133
115
112
104
92
95
115
130
87
112
136
111
113
100
86
91
111
131
83
112
133
106
112
98
84
89
109
131
84
111
133
101
528
938
654
802
1,318
799
1,202
944
793
762
497
826
576
708
1,091
704
842
799
683
716
1,405
1,832
1,411
1,688
2,107
1,610
1,982
1,843
1,572
1,637
1,827
2,639
2,161
2,292
2,958
2,513
2,629
2,700
2,191
2,223
1,994
2,951
2,285
2,458
3,313
2,796
2,823
3,053
2,324
2,580
2,362
3,216
2,495
2,858
3,886
3,070
2,816
3,313
2,806
3,022
2,539
3,707
2,665
3,126
4,136
3,297
2,929
3,712
3,072
3,158
2,748
3,696
2,743
3,317
4,401
3,542
3,216
4,085
3,295
3,422
75
133
93
114
187
113
170
134
112
108
84
140
97
120
184
119
142
135
115
121
94
122
94
113
141
108
133
123
105
109
89
128
105
111
144
122
128
131
106
108
84
125
96
104
140
118
119
129
98
109
86
117
90
104
141
111
102
120
102
109
86
125
90
106
140
111
99
125
104
107
87
117
87
105
139
112
102
129
104
108
737
561
994
615
704
602
837
569
1,715
1,627
1,849
1,572
2,111
2,201
2,663
2,128
2,408
2,433
2,914
2,286
2,561
2,812
3,295
2,550
2,720
2,998
3,535
2,724
2,978
3,291
3,762
2,852
105
80
141
87
119
102
142
96
115
109
124
106
102
107
123
98
102
103
123
97
93
102
119
92
92
101
119
92
94
104
119
90
2,915
2,252
2,382
2,047
3,109
2,637
2,729
2,357
3,507
2,959
3,066
2,798
3,728
3,225
3,323
3,009
4,256
3,375
3,545
3,117
141
109
110
95
131
111
115
100
127
107
111
101
126
109
112
102
135
107
112
99
...
...
..
... _
..
.
Far West
Anaheim-Santa Ana-Garden Grove, Calif. .
Bakersfield, Calif
Eugene, Oreg__
.
.. . _
Fresno Calif
Las Vegas Nev
Los Angeles-Long Beach, Calif
- Oxnard- Ventura Calif
Portland, Oreg.-Wash
Reno, Nev
. . __ .
Sacramento, Calif
227
228
229
230
231
232
233
234
235
236
Salem, Oreg
Salinas-Monterey Calif
San Bernardino-Riverside-Ontario, Calif
San Diego, Calif
San Francisco-Oakland, Calif
San Jose, Calif _
- Santa Barbara Calif
Seattle-Everett, Wash
Spokane, Wash
.-.
Stockton, Calif .
.
Alaska and Hawaii
Anchorage Alaska
Honolulu, Hawaii
Sum of SMS A's
Non-SMSA area
1959
- -
217
218
219
220
221
222
223
224
225
226
241
242
243
244
401
553
965
577
. ..
647
363
462
769
617
. . . . . 708
1950
..
Rocky Mountain
Billlings Mont
Boise City Idaho
Cheyenne, Wyo
.
Colorado Springs, Colo .
Denver Colo
Great Falls Mont
Ogden Utah
Provo-Orem, Utah
Pueblo, Colo
Salt Lake City, Utah
Sum of SMS A's
Non-SMSA area
Tacoma, Wash
Vallejo-Napa, Calif
Sum of SMS A's
Non-SMSAarea
1940
. ...
205
206
207
208
209
210
211
212
213
214
215
216
237
238
239
240
1929
_.
..
.
. .. ...
. ... --.
. .
.__
. _
. .. .
... .
1. U.S. totals shown for 1965 and 1966 do not agree with the revised totals shown in the
latest state personal income series (April 1969 SURVEY) .
2. The OBE definition of SMS A's in New England differs from that of the Bureau of the
Budget, see text, page 33.
3. Included in the Boston SMS A are Brockton, Lawrence, Haverhill, and Lowell SMS A's
and the non-SMSA portions of Essex, Middlesex, and Plymouth counties.
4. Total includes forestry, fisheries, agricultural services, and rest of the world.
Source: U.S. Department of Commerce, Office of Business Economics.
May 1969
SURVEY OF CURRENT BUSINESS
31
Source, by SMSA's and Non-SMSA's, for Selected Years, 1929-67
Earnings by broad industrial source, where earned, 1967
Per capita personal income, where received— Con.
1929
1950
1959
Millions of dollars
Percent increase
Rank in SMSA's
1967
1929-67
1959-67
Total
earnings *
Farm
earnings
Government
earnings
Manufacturing
Mining
Contract
construction
Transportation,
Communications,
and public
utilities
Line
Wholesale and
retail
trade
Finance
insurance
and real
estate
Services
205
176
22
168
132
214
198
86
151
111
172
136
16
186
135
215
171
32
138
80
154
75
84
183
142
221
197
44
192
103
162
139
107
178
140
221
201
55
204
90
600
438
225
370
359
385
450
346
305
353
43
29
38
51
45
45
48
39
42
45
245.7
713.5
390.2
539.0
805.6
205.4
583.5
4, 106. 6
734.0
1, 775. 1
10.6
1.1
7.3
3.7
5.9
28.9
35.6
23.4
17.1
9.4
66.4
189.3
125.0
216.3
74.2
45.9
125.5
387.0
287.8
240.9
25.0
60.4
30.0
45.8
312.4
21.6
84.0
1, 095. 0
100.2
679.9
13.7
1.4
8.8
1.3
19.7
.5
43.8
77.2
.9
22.8
11.1
47.0
22.9
36.3
86.6
8.7
50.0
239.2
33.4
77.7
16.8
51.6
40.6
20.7
76.6
15.0
40.1
383.3
69.0
115.0
48.3
128.5
81.6
89.4
106.6
45.0
102. 8
940.4
119.3
294.2
12.0
43.0
22.1
33.8
25.2
8.3
23.6
361.1
28.6
84.6
41.4
190.3
50.7
91.1
96.6
27.7
75.7
594.9
77.2
248.7
174
175
176
177
178
179
180
181
182
183
68
50
216
202
191
219
13
123
65
138
119
34
220
151
122
219
1
46
127
161
146
71
222
169
144
223
29
117
135
151
161
100
222
167
157
223
10
124
128
127
254
275
376
549
484
354
293
354
277
376
40
37
46
47
40
32
58
42
45
53
355.0
4, 810. 9
99.7
285.3
388.1
209.2
194.0
213.9
1, 517. 1
2,103.5
.8
25.5
8.1
2.8
47.7
39.9
2.0
-.1
15.5
95.8
61.9
388.1
34.6
215.0
73.6
45.5
17.0
24.1
420.1
368.6
97.6
1, 109. 5
3.6
8.0
39.5
13.9
7.0
26.9
216.9
502.8
1.9
291.5
.8
.5
.8
7.5
78 1
43.1
63.2
1.6
51.6
490.9
2.4
5.8
22.7
9.2
9.0
21.0
82.6
132.2
34.3
432.8
9.3
6.6
29.3
9.4
11.9
16.4
120. 5
135.1
42.9
1,009.2
24.5
23.9
92.9
45.9
28.7
45.9
281.8
386.6
23.0
277.6
3.1
5.4
21.9
6.7
9.6
8.3
106.4
141.3
40.2
777.6
12.9
17.1
59.0
29.0
30.5
28.4
208.6
333.0
184
185
186
187
188
189
190
191
192
193
150
161
204
207
143
103
208
174
156
156
166
200
214
174
104
189
188
28
188
203
191
218
137
49
187
177
163
197
205
192
193
179
64
170
163
115
320
318
521
568
332
358
603
406
409
345
555
46
50
48
78
30
40
54
53
59
43
39
143.1
1, 675. 9
156.9
221.4
654.3
1, 228. 6
197.3
309.4
301.9
25,164.1
9,478.3
5.1
10.7
2.9
3.2
1.8
10.0
.8
7.9
5.2
428.4
1,355.5
43.2
708.0
43.3
57.2
191.3
116.2
26.3
65.4
121.9
4,779.5
2,429.6
16.3
159.3
37.4
70.9
68.6
317.4
58.3
79.8
19.6
5,307.6
1,170.4
2.3
12.2
1.8
.7
37.8
123.3
11.5
.7
20.3
889.7
671.5
6.3
95.9
7.4
8.2
56.6
68.1
8.4
15.3
12.5
1,718.9
504.5
12.7
72.3
12.9
16.2
41.6
135.1
15.1
20.1
17.9
1,978.2
569.6
27.2
293.7
23.0
32.8
103.4
229.0
34.2
54.9
51.7
4,788.3
1,370.8
6.4
101.2
5.9
7.1
30.5
61.9
10.1
17.6
13.3
1,499.5
262.7
23.0
220.8
21.9
24.7
121.4
166.4
32.1
47.2
39.2
3,727.3
1,087.1
194
195
196
197
198
199
200
201
202
203
204
97
108
62
76
27
51
149
215
158
109
92
148
17
129
38
39
150
211
179
118
62
115
91
118
33
79
138
211
174
122
116
131
102
135
40
126
181
219
196
164
314
322
293
279
272
265
334
452
331
294
294
405
31
39
42
39
40
33
31
23
41
31
37
36
198.7
237.1
147.1
502.4
3, 179. 5
196.2
305.9
195.6
243.6
1, 265. 9
6,471.9
4,100.0
7.4
4.3
7.0
4.8
14.3
8.0
3.8
6.3
1.7
8.8
66.3
686.7
25.7
43.4
52.0
261.4
620.8
54.7
147.5
36.5
63.6
284.0
1,589.6
874.1
26.6
26.3
11.6
39.8
605.7
21.4
32.5
63.9
73.3
213.6
1,114.6
421.3
3.2
.2
.7
.6
43.8
.5
.1
1.8
.1
47.2
98.0
238.7
18.6
20.9
11.7
30.3
229.5
19.7
14.6
13.5
12.2
72.9
444.0
271.3
21.7
23.8
21.7
21.1
290.9
17.3
31.7
9.4
17.4
129.2
584.2
314.0
49.5
60.0
20.2
57.3
634.1
34.9
38.6
26.4
35.0
260.3
1,216.1
633.0
11.7
20.3
7.2
18.1
217.4
11.7
7.0
4.5
8.5
73.0
379.3
120.8
33.9
37.1
14.8
68.9
517.4
27.7
29.7
32.9
31.7
175.3
969.4
516.4
205
206
207
208
209
210
211
212
213
214
215
216
95
129
190
152
104
10
44
45
11
59
106
109
95
115
13
18
114
61
2
50
28
93
105
112
13
5
61
54
1
52
39
118
186
160
52
7
188
43
6
92
373
370
440
359
371
292
208
309
298
295
36
38
20
29
27
42
13
47
35
34
2, 940. 0
840.5
433.3
941.7
633.9
23, 709. 1
679.6
2, 656. 9
358.4
2, 042. 2
21.9
125.1
3.3
160.0
2.0
82.0
66.0
35.3
0
53.3
399.4
219.5
66.2
171.9
106.3
3, 149. 9
216.2
355.8
62.2
788.6
1, 170. 7
76.1
143.2
113.8
32.8
7, 728. 6
113.5
655.8
17.8
260.2
17.4
74.0
3.9
7.5
2.7
103.1
20.3
2.8
1.9
2.5
186.3
47.8
34.3
54.4
41.8
1, 109. 5
30.9
173.6
31.6
131.6
93.0
47.4
32.0
64.1
45.2
1, 501. 2
28.7
271.1
38.8
145.6
455.8
123.8
76.1
190.1
97.8
4, 190. 1
98.0
578.8
66.1
321.3
137.0
25.5
13.3
42.6
28.7
1, 439. 2
21.1
170.0
22.3
87.0
449.1
92.4
59.7
127.6
275.6
4,368.9
79.4
407.6
117.1
245.7
217
218
219
220
221
222
223
224
225
226
181
28
130
66
2
67
4
26
70
90
155
33
154
65
4
96
14
31
113
81
178
23
114
78
4
34
25
16
109
95
171
29
172
71
1
38
89
9
75
56
420
294
319
314
234
343
168
333
316
349
50
40
27
45
49
41
22
51
50
54
372.8
673.8
2, 247. 4
3, 266. 9
10, 511. 2
2, 799. 0
607.9
4, 385. 7
670.9
709.8
34.5
118.5
106.0
37.8
48.9
35.0
23.9
13.3
16.0
83.8
100.3
252.1
655.0
1, 357. 1
2, 220. 6
348.3
138.1
537.3
137.6
172.5
68.1
48.6
391.3
551.6
1, 845. 0
1, 166. 4
92.3
1, 531. 2
102.8
124.1
.7
4.4
20.0
4.1
19.5
4.0
11.0
5.4
1.4
.6
24.6
31.3
125.1
168.6
695.1
174.1
40.6
294.4
44.5
38.8
18.9
32.4
148.7
141.3
1, 243. 0
124.6
26.6
343.9
67.3
59.7
59.0
92.9
355.6
423.5
1, 911. 5
390.2
100.8
792.4
143.7
123. 0
18.3
19.4
80.5
129.8
790.1
100.7
24.7
275.3
39.3
24.1
46.7
69.4
351.3
440.0
1, 716. 1
450.6
146.0
578.5
116.8
77.4
227
228
229
230
231
232
233
234
235
236
102
172
56
85
131
106
138
76
304
487
278
364
41
50
41
34
926. 0
605.6
63,012.6
8, 872*. 9
8.0
13.2
1,087.9
964.9
355.1
342.4
12,152.5
2, 120! 2
162.9
52.4
16,449.2
1,711.5
1.7
1.7
310.4
89*1
53.2
22.1
3,554.3
'580*9
50.7
26.2
4,550.3
499! 9
143.5
68.5
10,802. §
1,409* 8
44.6
13.3
3,546.7
'247! 5
103.3
64.3
10,383. 7
1*161*. 8
237
238
239
240
6
88
2
62
46
50
49
52
574.7
1, 732. 7
2,307.4
717.9
.5
25.0
25 5
71.3
269.8
695.5
965 3
239! 9
25.8
114.0
139.9
84.1
27.4
0
27 4
3.8
63.4
145.6
209 1
61*4
43.0
13o!l
173. 1
62! 9
63. 5
261.6
325 i
81*3
15.5
96.3
111! 9
17! 4
53.8
260*5
314*3
80*2
241
242
243
244
SURVEY OF CURRENT BUSINESS
32
May 1960
EXAMPLES OF AVAILABLE UNPUBLISHED DATA FOR LOCAL AREAS'
Tables 5.00 and 5.01.—Personal Income by Major Sources and Earnings by Broad Industrial Sector, Seattle-Everett, Wash., SMSA
Table 5.00 (thousands of dollars)
1929
1950
1940
1962
1959
Table 5.01 (percent of United States)
1965
1966
1967
1929
1940
1950
1959
1962
1965
1966
509,286 475,241 1,566,257 2,972,494 3,536,937 3,928,217 4,611,477 5,183,995 0.5935 0. 6083 0. 6924 0. 7764 0.8035 0. 7345 0. 7944
.6567 .6639 .7200 .8030 .8463 .7636 .8494
.8588 .8057 .7120 .8451 .9088 .8321 .9459
.4144 .4758 .5516 .6224 .6244 .6139 .6102
.5648 .5155 .6333 .8002 .7945 .6932 .7034
.5300 .6043 .8828 .7202 .6702 .6801 .6496
Total personal income
1967
0.8293
330, 536 329, 657 1,046,074 2,063,763 2,484,954 2,719,212 3,321,625 3,748,380
Total wage and salary disbursements. _ _
155, 021
196, 664
228,813
126, 108
27,212
95,458
5,535
4,818
Other labor income
312,886 347,969 361, 736 408, 482
290, 760
206, 707
62, 609 62, 070
Proprietors' income
- 585, 627
627, 795
473,371 534,404
173,491 392, 454
Property income
- - _-- 104, 187 63, 314
270, 145
285,279 336,263
192, 143 223,087
133, 061
7,929 18, 819
Transfer payments
Less: Personal contributions for social in139,454
98,534
165, 738
83,469
62, 084
20,288
793 4,154
surance
.5705
.6332
.7086
.7845
.8111
.7357
.7823
.8157
397,963 397,262 1,279,993 2,449,981 2,923,948 3,222,202 3,880,025 4,385,675
.6030
.6268
.6860
.7777
.8176
.7469
.8235
.8709
8,364
11,467
13,283
6,918
18,062
8,107
5,871
10,338
387, 625 391,391 1,261,931 2,441,874 2,917,030 3,213,838 3,868,558 4,372,392
475,834
537,
321
419,
334
183,780 298, 168 359, 749
37, 857 60, 307
177, 801 203,438
147,298
123,331 136, 054
9,509 27, 783 107, 176
142,
263
107,214
128,
063
87,213
97, 336
74, 885
8, 543 24,803
61, 175
40, 084
49,738
38, 718
36, 118
2,980
32, 291
966
272, 036
298,033 333,883
76,604
174, 837
223, 695
28, 348 32, 524
349, 768 331, 084 1, 078, 151 2, 143, 706 2,557,281 2,794,504 3, 392, 724 3, 835, 071
789,387 972,990 1,012,961 1,358,470 1,531,243
302,845
97,264 86, 336
3,590
4,503
4,257
5,419
2,116
944
1,353
843
294, 418
266, 134
196, 245
178,659
87,890
165,386
22, 070 22, 384
.1387
.6621
.7745
.7166
.7999
.3730
.7961
.6518
.5781
.0526
.5994
.1068 .1110
.6761 .7409
.7222 .8651
.6984 .9877
.7136 1. 1109
.5936 .7857
.7439 .7371
.6684 .7232
.5289 .5594
.0686 .0364
.9129 .7891
.0574
.8115
.6705
.5789
.6912
.4157
.7548
.8360
.8312
.0464
.8547
.0438
.8534
.6606
.5523
.6406
.4101
.7501
.8899
.9181
.0798
.8475
.0478
.7765
.6213
.5087
.5851
.3771
.7059
.8067
.7933
.0870
.7419
.0610
.8553
.6288
.5409
.6369
.3897
.6962
.9008
.9602
.0883
.9277
.0774
.8989
.6400
.5646
.6535
.4289
.6966
.9530
1. 0283
.1046
.9763
.8740 .9256
.8723 .9019
.9724 1.0037
.7459 .7722
.8761 .8791
.9709
.9439
1.0709
.8075
.9408
Total earnings
-
Farm earnings
_ _ _ _
Total nonfarm earnings _ _
Government earnings
Total federal
Federal civilian
Military
State and local
Private nonfarm earnings
M anuf acturing
Mining
Contract construction
Transportation, communication, and
public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Services
Other
54,431 45, 437
97, 588 102, 675
28, 182 25, 038
48, 060 46, Oil
1,330
2,259
128,265
297,965
87,992
161,381
10, 460
193, 046
501,431
166, 391
317, 108
8,841
232, 939
577,409
188,262
393,245
10, 187
269,159
641,128
212,546
446, 591
11,617
306,076
712, 158
233, 922
499,022
12,439
343,888
792,399
275, 341
578, 533
13,830
.8256 .8143 .8410 .7959 .8853
.7869 .8078 .8430 .8918 .9320
.7385 .8459 1.1154 1. 0376 1. 0366
.5618 .5781 .7733 .7915 .8152
.7348 1. 3134 1.4388 .9085 .9023
.8933
.9841
.6728
.6969
.6499
Tables 5.02 and 5.03.—Personal Income by Major Sources and Earnings by Broad Industrial Sector, Seattle-Everett, Wash., SMSA
Table 5.02 (percent change)
Table 5.03 (percent of total personal income)
1929-40 1940-50 1950-59 1959-62 1929-62 1965-66 1966-67
Total personal income
-- - -
Total wage and salary disbursements
Other labor income
-_ _
- Proprietors' income
Property income
- -- Transfer payments
Less1 Personal contributions for social insurance.
Total earnings
- - - -
Farm earnings
- - - - Total nonfarm earnings
Government earnings
Total Federal
- - -_
Federal civilian
Military
State and local
„
Private nonfarm earnings
1VI anuf acturing
_ - Mining
Contract construction
Transportation, communication, and public utilities _
Wholesale and retail trade
Finance insurance and real estate _
Services
--Other
-7
0
15
-1
-39
137
424
230
217
392
233
174
607
388
90
97
251
41
126
44
206
1929
1940
1950
1959
1962
1965
1966
1967
19
594
17
12
100. 00
100. 00
100. 00
100.00
100.00
100. 00
100. 00
100. 00
20
32
8
21
16
34
652
2,517
400
354
2,714
10, 426
22
27
4
10
6
42
13
16
13
7
18
19
64.90
.95
12.29
20.46
1.56
.16
69.37
1.16
13.06
13.32
3.96
.87
66.79
1.74
13.20
11.08
8.50
1.30
69.43
3.21
9.78
13.20
6.46
2.09
70.26
3.57
8.85
13.38
6.31
2.36
69.22
3.95
8.86
13.60
6.88
2.51
72.03
4.26
7.84
12.70
6.19
3.02
72.31
4.41
7.88
12.11
6.49
3.20
0
222
91
19
635
20
13
78.14
83.59
81.72
82.42
82.67
82.03
84.14
84.60
-43
1
59
192
190
208
15
-5
-11
12
1
-17
5
-11
-4
70
208
222
205
286
202
984
136
226
251
43
293
182
190
251
251
363
-55
94
62
15
16
12
128
99
161
56
88
51
68
89
96
-15
-15
19
21
10
12
7
28
19
23
70
8
21
15
13
24
15
-33
653
850
1,331
1,039
3,908
689
631
900
326
710
328
492
568
718
666
37
20
13
21
19
24
10
21
34
6
36
14
11
10
12
7
16
13
13
14
11
23
12
13
13
20
11
12
11
18
16
11
2.03
76.11
7.43
1.87
1.68
.19
5.57
68.68
19.10
.17
4.33
10. 69
19.16
5.53
9.44
.26
1.24
82.36
12.69
5.85
5.22
.63
6.84
69.67
18.17
.20
4.71
9.56
21.60
5.27
9.68
.48
1.15
80.57
11.73
6.84
4.78
2.06
4.89
68.84
19.34
.09
5.61
8.19
19.02
5.62
10.30
.67
.27
82.15
10.03
4.15
2.93
1.22
5.88
72.12
26.56
.07
5.56
6.49
16.87
5.60
10.67
.30
.20
82.47
10.17
3.85
2.75
1.09
6.32
72.30
27.51
.10
5.05
6.59
16.33
5.32
11.12
.29
.21
81.81
10.67
3.75
2.73
1.02
6.93
71.14
25.79
.11
5.00
6.85
16.32
5.41
11.37
.30
.25
83.89
10.32
3.86
2.78
1.08
6.46
73.57
29.46
.10
5.77
6.64
15.44
5.07
10.82
.27
.26
84.34
10.36
3.92
2.74
1.18
6.44
73.98
29.54
.10
5.68
6.63
15.29
5.31
11.16
.27
Table 5.06.—Location Quotient of Earnings by Broad Industrial Sector, Seattle-Everett,
Wash., SMSA
[Ratio]
Total earnings
Farm earnings
Total nonfarm earnings
Government earnings
- Total Federal _ _ . .
._ _
Federal civilian
_.
Military
State and local
Private nonfarm earnings
M anuf acturing _
._
. .
Mining
Contract construction
. . - _.
Transportation, communication, and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Services _
_
Other
1929
1940
1950
1959
1962
1965
1966
1.0000
1. 0000
1.0000
1. 0000
1. 0000
1.0000
1. 0000
1.0000
.2303
1. 0980
1.2834
1. 1891
1. 3272
.6154
1. 3185
1. 0811
.9588
.0864
.9946
.1707
1. 0787
1. 1526
1. 1131
1. 1387
.9494
1. 1870
1.0664
.8436
.1106
1. 4548
.1617
1.0801
1.2608
1. 4381
1. 6205
1. 1455
1. 0736
1.0543
.8156
.0553
1. 1508
.0737
1.0434
.8619
.7441
.8878
.5326
.9714
1. 0749
1.0687
.0621
1. 0993
.0543
1. 0437
.8076
.6749
.7835
.5000
.9173
1.0885
1. 1228
.0952
1. 0374
.0640
1. 0396
.8318
.6811
.7835
.5041
.9451
1. 0801
1. 0622
.1150
.9935
.0752
1.0384
.7634
.6562
.7728
.4723
.8449
1. 0938
1. 1658
.1111
1.1264
.0880
1. 0322
.7349
.6480
.7500
.4912
.7994
1. 0942
1. 1806
.1165
1. 1202
1. 3694
1. 3049
1. 2249
.9321
1. 2222
1.3000
1. 2893
1. 3490
.9220
2. 1111
1. 2264
1. 2291
1. 6241
1. 1279
2. 1026
1.0234
1.1468
1. 3340
1. 0173
1. 1613
1. 0829
1. 1403
1. 2677
.9970
1. 0938
1. 1695
1. 1678
1. 3018
.9986
1. 1613
1.1239
1. 0949
1. 2182
.9373
1. 0667
1. 1152
1. 0840
1.2290
.9269
1. 1034
1967
1. The following tables are available in addition to the ones shown: the percent distribution of total earnings (Table 5.04); the percent distribution of non-farm earnings (Table 5.05); and
the location quotients for earnings by nonfarm industry (Table 5.07).
2. The location quotient is the ratio of the relative importance of a given industry in a given area to the relative importance of the same industry nationwide in the U.S. a^ a whole.
Earnings are used for these calculations.
SURVEY OF CURRENT BUSINESS
May 1969
33
(Continued from page 19.)
Method of estimating income
this report accords with the Bureau of even though they may not have been
the Budget definitions published in officially part of the SMSA.
The SMSA income estimates were 1967 and amended January 1968, with Availability of unpublished data
made by allocating to SMSA's (and the following exceptions:
The SURVEY cannot accommodate
(1) In New England, SMSA's are the large amount of industrial and typeto non-SMSA counties) OBE's State
totals of each of approximately 200 defined officially in terms of cities and of-income information now available
components of personal income. Data towns instead of counties. Because by local areas. The following paraused in the allocation process were adequate data for measuring personal graphs provide a brief inventory of the
derived from a wide variety of sources, income by cities and towns are not unpublished detail and indicate its
both private industry and government. available, SMSA's in New England availability.
A description of the sources of data were redefined for this report to conIndustry and type-of-income deand methods of estimation used in form to a county basis, the local-area tail—a sample of the additional inmeasuring personal income by local unit for which income estimates can dustrial and type-of-income detail
be constructed. Moreover, where a available is shown in the exhibit on
areas is available on request.
county included more than one SMSA page 32. Comparable tables are availaPopulation
Population estimates for SMSA's or portions of SMSA's, it was necessary ble for any SMSA and for 2,572 of the
for 1929, 1940, 1950, and 1959 were to combine the official SMSA's and 2,630 non-SMSA counties. Also,
obtained from the decennial censuses of the non-SMSA portion of the appro- counties can be grouped according to
population, with some adjustments priate county or counties into a single any specified system.
necessary for 1929 and 1959. For 1962, unit.
Cost of tabulations
(2) In Alaska, Vermont, and Wyo1965, and 1967, the Bureau of the CenCost of special tabulations are comsus provided estimates of population ming—States without official SMSA's— puted at $10 per area (SMSA or
for selected SMSA's. Estimates for the Anchorage, Burlington, and Cheyenne, county) for table 5.00 (on page 32)
remaining SMSA's were derived by respectively, are treated as SMSA's.
plus $1 per area for each of tables
(3) The geographic definition of each 5.01-5.07. Address requests for such
OBE from State-reported county data.
Preliminary estimates of population for SMSA is held constant over the entire tabulations to the Regional Economics
all SMSA's in 1966 were provided by period for which the estimates were Division, Office of Business Economics,
the Bureau of the Census.
made. That is, counties included in an Washington, D.C. 20230, specifying
SMSA as of January 1968 are also the areas and tables desired. A cost
Definition of SMSA's
The classification of SMSA's used in included in each of the earlier years estimate will be issued immediately.
(Continued from page 2.)
a very high fourth quarter rate. In
nonmanufacturing, financial corporations and public utilities recorded
increases.
With before-tax profits higher, tax
liabilities also rose and so did after-tax
profits—to a $53 billion rate. Since
dividends were unchanged, the small
rise in after-tax profits showed up in
retained earnings.
Profits as measured for national income purposes declined in the first quarter after rising only slightly in the final
quarter of last year. Accoiding to this
measure, profits fell $1% billion to a an already large —$3.8 billion in the
$90 billion rate—well above the year- fourth quarter to —$5.9 in the first
earlier figure but only $1 billion higher quarter, the largest adjustment of this
than the average for all of 1968.
kind since the Korean war.
The reason that the national income
The decrease in before-tax profits
version of profits fell early this year including IVA was the result of a decline
while book profits rose a little is that in dollar profit margins per unit of outthe latter include inventory profits. put that more than offset the effect of
These are excluded from national inthe increase in the physical volume of
come profits through the inventory
valuation adjustment, which measures corporate output. With unit costs,
the difference between the replacement especially labor costs, rising faster than
cost of goods taken out of inventory and prices, profit margins declined after
the cost at which they are charged to having been stable from the second to
production. Because of the acceleration the fourth quarter of last year (table
in the price rise, the IVA changed from 9).
By MARIE T. BRADSHAW
U.S. Exports to Foreign Affiliates of U.S. Firms
This article analyzes 1965 data covering 330 U.S. corporations and their 3,579
foreign affiliates. It provides in considerable detail information on total
exports of the parent companies, and
total purchases of U.S. exports—from
parents and others—by the affiliates.
The article brings out the great
diversity among U.S. firms and industries regarding their export trade
practices. It demonstrates that, among
U.S. firms with foreign affiliates, relatively few firms and affiliates account
for a very large part of U.S. exports,
while a very large number of such firms
and foreign affiliates account for a
relatively small part. Although it is
beyond the scope of this study to show
how foreign investments affect exports,
the study does provide some important
facts that should be helpful in analyzing
the relationship between exports and
direct investments.
opens up new markets for goods produced in this country.
Those concerned that U.S. exports
are being displaced as a result of such
investments point to the fact that sales
by U.S.-owned manufacturing plants
abroad substantially exceed corresponding U.S. exports of manufactured
products, which last year amounted to
about $24 billion.
A major cause for concern is that a
large portion of the overall increase in
sales by foreign manufacturing affiliates
during recent years has resulted from
new investments made in European
countries, which are major competitors
of the United States in world export
markets for manufactured goods. Many
U.S.-owned enterprises based in Europe
and elsewhere in the world produce
goods similar to those manufactured in
the United States. Since these goods
include numerous technologically advanced products developed in this
country, the question is raised as to
whether the investments have eliminated or narrowed the comparative
advantage that might otherwise have
CHART 10
Distribution of $8.5 Billion of U.S. Export Sales by 320 U.S. Parent Firms in 1965
AFFILIATION OF PURCHASER
SIZE OF EXPORTS BY U.S. PARENT FIRMS 1
J.HE relationship between merchandise
exports from the United States and
direct investment abroad by U.S.
firms, along with its implications for
the U.S. balance of payments, has long
been a controversial subject. On one
side of this discussion are those who
believe that the establishment of production facilities abroad reduces potential exports from the United States,
and that this adverse effect on the
balance of payments and domestic
production may outweigh the favorable
effects of income receipts from such
investments. On the other side are
those who assert that the output of
foreign production facilities of U.S.
firms supplements rather than displaces
exports from the United States, and
that the expansion of domestic firms
into foreign countries in many cases
NOTE—Acknowledgment is made to the National Bureau
of Economic Research, which provided a part-time research
assistant to help in editing the questionnaires.
34
1
23 Firms: No Exports
OH
$100 Million & Over
[;g7]
$50 Million to 99,999,999
[
|
$10 Million to 49,999,999
|
|
Less than $10 Million
U.S. Department of Commerce, Office of Business Economics
Other & Unallocated
$184 Million
Capital Equipment
$263 Million
To Unaffiliated Foreign Purchasers
(Total $4,102 Million)
n
To Foreign Affiliates
(Total $4,416 Million)
"Including Commission Sales
May 1969
enabled the United States to increase
its exports of such products. Indeed, it
has often been said that as soon as a
U.S. manufacturer develops a sizable
foreign market for a given product, he
builds production facilities abroad to
supply that market in lieu of exporting
from the United States.
In support of the viewpoint that
direct investments abroad by U.S. firms
are beneficial to U.S. export trade,
arguments like the following are advanced :
(1) Factors such as relative production costs here and abroad and tariffs
and other restrictions imposed by
foreign countries make it impossible
for many firms to export from the
United States. In order to sell in
foreign markets, these firms have to
establish their own foreign producing
facilities, which generate a flow of
dividends and branch profits back to
this country. Incomes in the host
countries are increased through the
payment of wages and taxes and
through purchases of locally produced
goods and services, with the result that
the host countries' demands for imports, including those from the United
States, also expand.
(2) If investments in foreign productive facilities are not made by U.S.
firms, they will be made by either local
or other foreign firms, so that exports
of these U.S. firms will sooner or later
be lost to foreign competition. The
foreign investments assure at least a
continuing return from profits.
(3) In view of their status as local
residents of the host countries and the
ability acquired in selling in foreign
markets, U.S.-owned foreign affiliates
are in a position to aggressively promote and sell abroad goods produced
in the United States by their parents
that otherwise could not be exported.
(4) U.S. investments in new foreign
producing facilities, especially in the
less developed countries, lead to exports of capital goods from the United
States. This provides a continuing
market for exports of replacement
equipment from the United States.
(5) Even when finished goods cannot be exported from the United
States, the establishment of foreign
producing plants facilitates a continued
outflow from the United States of
SURVEY OF CURRENT BUSINESS
goods for
assembly.
further processing
and
Scope of article
This article presents data for 1965
collected from 330 U.S. corporations
with foreign affiliates. The data cover
their exports to these affiliates, their
exports to independent foreign buyers,
and the purchases of these affiliates
from independent U.S. firms. Although
these 330 corporations are far from
being the total of all U.S. corporations
with foreign affiliates, they are among
the largest and account for a sufficiently
large part of the export trade to make
the data reasonably representative.
The data have been organized to
indicate the relative importance of
exports to affiliates in (a) total exports
of these companies and (b) total purchases from the United States by their
affiliates. In addition, the data show
the relative importance of the various
35
purposes for which goods are purchased by the foreign affiliates from
the United States—for further processing, for use as capital equipment, and
for resale. Within each of these classes,
the relative importance of the parent
company as a source of supply is
shown. Table A, Summary of Coverage,
shows number of parent firms and their
affiliates, U.S. exports through affiliates
and worldwide exports of the parent
firms, and a listing of some of the
more important tables with detailed
breakdowns.
The article brings out the great
diversity among U.S. firms and industries regarding their export trade
practices. It demonstrates that, among
U.S. firms with foreign affiliates relatively few firms and affiliates account
for a very large part of U.S. exports,
while a very large number of such firms
and foreign affiliates account for a relatively small part of U.S. exports.
CHART 11
Distribution of $5.1 Billion in Exports Purchased From the U.S.
by 3,579 Foreign Affiliates in 1965, by Size of 1965 Purchases
NONMANUFACTURING2
1,710 Affiliates-$1.9 Billion in Purchases
MANUFACTURING i
1,869 Affiliates-$3.2 Billion in Purchases
2
1717 with no purchases.
SIZE OF PURCHASES BY AFFILIATES:
^H| $15 Million and Over
U.S. Department of Commerce, Office of Business Economics
[
[
$5 Million to 14,999,999
[
[
$1 Million to 4,999,999
|
| Less than $1 Million
934 with no purchases.
SURVEY OF CURRENT BUSINESS
36
U.S. companies with such affiliates, but
it also shows that some of these companies succeeded in exporting very
large amounts of goods without the
help of their foreign affiliates.
(3) Relatively few of the firms with
foreign affiliates and very few of the
foreign affiliates themselves account for
Summary of findings
a large share of U.S. exports. The
great majority of U.S. parent comThe findings in this study may be panies and of the foreign affiliates consummarized as follows:
tributed very little to U.S. export trade.
(1) Total merchandise exports from This suggests that foreign direct inthe United States reported by 320 of the vestments by U.S. corporations do not
330 U.S. companies that had foreign necessarily contribute to the export
affiliates amounted to $8.5 billion in trade of these corporations.
(a) The 19 largest exporters—those
1965. Of the 320 companies that reported their exports, only 19, or about with exports in excess of $100 million—
6 percent—those with exports in ex- included some whose exports to their
cess of $100 million—accounted for affiliates were relatively small and
nearly half of the $8.5 billion, while 184, others that channeled a relatively large
or nearly 60 percent, accounted for share of their exports through their
affiliates. Firms in steel and aircraft
only 7.5 percent (chart 10 and tables 1
were important in the first group; those
and 2).
in autos, machinery, and chemicals,
(2) Of the $8.5 billion, $4.4 billion, were important in the second.
slightly more than half, was channeled
(b) The aggregate amount of U.S.
through foreign affiliates. This indi- exports from U.S. parent companies
cates the importance of the foreign and from unaffiliated suppliers chanaffiliates in the export business of those neled through the foreign affiliates inAlthough it is beyond the scope of this
study to show how foreign investments
affect exports, the study does provide
some important facts that should be
helpful in analyzing the relationship
between exports and direct investments.
Table A.^Summary of Coverage
Line
Amount
reported
(million
dollars)
Number
1
U.S. corporations having foreign affiliates reporting on
U.S. exports to their affiliates.
2
Those reporting that no U.S.
exports were channeled
through their affiliates.
3
Those reporting that U.S. exports were channeled through
their affiliates (line 1 minus
line 2).
291
4
Those included in line 1 reporting on their total worldwide
exports from the United
States.
5
For breakdown by industry,
see table 1, col. 1.
5,092
For breakdown by industry
and export category, see
table 6.
For breakdown by industry
(manufacturing and nonmanufacturing) , see table 9.
5,092
For percent distribution
among reporters in manufacturing and nonmanufacturing industries, see
table 9.
320
For breakdown by industry,
see table 1, col. 2.
8,518
For breakdown by industry,
see table 1, col. 5.
Those reporting no exports from
the United States.
23
For breakdown by industry,
see table 1, col. 3.
6
Those reporting exports from
the United States (line 4
minus line 5) .
297
For breakdown by industry,
see table 1, col. 4.
8,518
For breakdown by industry,
see table 1, col 5.
7
Foreign affiliates for which the
330 parents in line 1 provided
U.S. export data.
3,579
For breakdown by industry
and country, see table 3.
5,092
For breakdown by industry
and export category, see
table 6.
8
Those which reportedly had no
U.S. exports channeled
through them.
1,651
For percentages of total by
industry and location of
affiliate, see tables 8, 8A,
andSB.
9
Those which reportedly had
U.S. exports channeled
through them (line 7 minus
line 8).
1,928
For breakdown by industry
(manufacturing and nonmanufacturing) , see table
10.
5,092
For percent distribution
among affiliates in manufacturing and nonmanufacturing industries, see
table 10.
330
39
For percentages of total by
industry, see table 7.
May 1969
eluded in this study totaled over $5.1
billion in 1965. ($4.5 billion through
parents and $0.6 billion through other
U.S. sources). More than half of the
$5.1 billion was accounted for by less
than 2 percent of the affiliates. For
more than four-fifths of the affiliates
either no U.S. exports or U.S. exports
of less than $1 million were reported
(chart 11).
(4) Of the $5.1 billion, almost half
($2.5 billion) consisted of goods exported by the U.S. parents and sold
abroad by the affiliates without further
manufacture. Seven percent ($350 million) represented purchases of U.S.
capital equipment. One-third ($1.7 billion) represented exports for further
processing or assembly abroad, while
the remainder represented exports for
other purposes and for which no breakdown is available.
(5) In addition to the $2.5 billion
exported by U.S. parents and resold
abroad by affiliates, parents made
comparable U.S. export sales to unaffiliated foreign customers amounting
to $4.1 billion. Thus, $6.6 billion of the
$8.5 billion total cited above represented export sales to independent
foreign purchasers.
Nearly half of the $2.5 billion was
sold by a little over 1 percent of the
affiliates. Almost 90 percent of the
affiliates surveyed sold no U.S. exports
or less than $1 million.
(6) Half of the purchases of U.S.
capital equipment were made by only
16 individual foreign affiliates. Since
the data are reported by the parents,
and since the affiliates may have purchased capital equipment from independent U.S. sources unknown to the
parent companies, reported purchases
of U.S. capital equipment by the
affiliates may be incomplete.
(7) Well over half of the reported
$1.7 billion of U.S. exports for further
processing or assembly abroad was
purchased by only 25 individual affiliates, among whom Canadian auto
companies were most prominent. More
than 90 percent of the affiliates for
which data are available made no
purchases in the United States of goods
for further processing or assembly
abroad or purchases of less than $1
million.
SURVEY OF CUEEENT BUSINESS
May 1969
37
totals. Such totals will be made available for 1966, after the completion of
The 1965 data on which this analysis the editing and tabulating of the
is based, as well as previously published questionnaires, collected for the first
data covering exports from the United time on a mandatory rather than a
States to foreign affiliates of U.S. firms voluntary basis as part of the 1966
during the years 1962-64 (see December comprehensive survey of American busi1965 issue of the SURVEY), were col- ness investments abroad.
The tabulations shown here cover
lected on annual questionnaires subreports
from 330 U.S. parent companies
mitted to OBE on a voluntary basis by
that
submitted
what appeared to be,
U.S. parent firms having direct investafter
extensive
editing,
reasonably comments abroad. In the survey for 1965,
plete
and
consistent
reports
that permit
reporting parents were also asked for
comparisons of export activities among
the first time to submit data covering
individual parents and individual affilitheir worldwide exports from the United ates (summary table A). These reports
States.
provided data for 3,579 foreign affiliIn the present analysis, in contrast ates. Their distribution by industry and
to the December 1965 and earlier area is shown in table 3.
articles, no attempt has been made to
The $8.5 billion of worldwide merchandise
exports from the United States
inflate the partial data to universe
(including exports to affiliates) by 320
of the 330 reporting parents for which
such data are available (table 1, col. 5)
constituted almost one-third of total
U.S. merchandise exports excluding
military grant-aid, and nearly 45 percent of total U.S. nonagricultural exports, excluding certain crude materials
such as coal and scrap that are negligible in the export trade of the reporting
companies. Moreover, the $8.5 billion
of exports by such firms accounted for
nearly two-thirds of all the nonagricultural exports reported by the 715 U.S.
companies participating in the voluntary program initiated early in 1965 to
improve the U.S. balance of payments.
The 715 companies had, in turn, been
responsible for roughly 90 percent of
the outflow of direct investment capital
from the United States in 1965,
Coverage and Data Problems
Table 1.—Reporting Parents' Exports From the United States: Total Worldwide vs. Those Channeled Through Their Foreign Affiliates,
by Export Category and by Industry of Parent, 1965
Number of reporting parents
Line
Industry of reporting parent
Reporting parents' exports from U.S. channeled through their foreign affiliates 1
Total
Those for which
worldworldwide U.S.
wide
exports
export data are
available
from
the U.S.
Total2
by
Those Those reporting
parents
reportreportTotal3 ing no
ing
in (4) <
exports exports
from
from
U.S.
U.S.
Number
(1)
(2)
Mil. $
(3)
(4)
U.S. exports charged on reporting parents' books to their
foreign affiliates
Total
Total
Mil. %of Mil.
$
$
(5)
(5)
%of Mil.
(5)
$
(7)
(6)
For
further
processing
or
assembly
%of
(5)
For
resale
without
further
manufacture
Mil.
$
%0f
(5)
Capital
equipment
Other and
unallocated
Mil.
$
Mil.
$
(10)
(9)
(8)
%of
(5)
%of
(5)
U.S.
exports
sold for
parents'
account
on a
commission
basis
Mil. %of
(5)
$
(12)
(11)
330
320
23
297
8,518 4,416
25.8
263
3.1
184
2.2
273
3.2
271
23
16
52
13
264
23
16
51
13
7
257
23
13
49
13
203
3
1
24
4
2.6
.8
.5
1.6
2.4
115
2
25
24
(*)
1.5
.5
11.4
1.6
(*)
5
33
4
38
10
11
17
48
11
8
11
18
23
18
- 14
4
43
(*)
20
24
49
2
43
4
58
(**)
(*)
1.6
15.0
5.6
.5
13.7
2.9
3.8
24
1.8
R
(**)
24
4
20
(*)
3
(**)
(**)
(**)
(**)
(**)
15
15
2.7
.9
6.4
(*)
.2
(**)
(**)
(**)
(**)
(**)
.7
.8
269
6
5
113
(*)
13
100
2
6
3.4
1.6
2.3
7.7
(*)
6
33
4
42
10
15
17
48
11
8
11
18
23
18
14
4
45
7,866 4,057 51.6 3,788 48.2 1,468 18.7 2,003 25.5
381
73 19.2
23
79 20.7
6.0
45 11.8
50 22.7
4
220
45 20.5
1.8
15 6.8
1,468 756 51.5 643 43.8 213 14.5 382 26.0
164
104 63.4
104 63.4
75 45.7
25 15.2
21 43.8
41 85.4
48
28 58.3
7 14.6
1,256 611 48.6 512 40.8 118 9.4 350 27.9
160 107 66.9 105 65.6
36 22.5
45 28.1
72
873 285 32.6 279 31.9
8.2
134 15.3
423
43 10.2
43 10.2
19
4.5
18 4.3
37 11.8
313 197 62.9
197 62.9
97 31.0
137
16 11.7
45 32.8
39 28.5
19 13.9
1,531 984 64.3 900 58.8 236 15.4 602 39.3
841 493 58.6 (**) (**) (**) (**) (**) (**)
64
24 37.5 (**) (**) (**) (**) (**) (**)
413 355 86.0 (**) (**) (**) (**) (**) (**)
213 112 52.6 (**) (**) (**) (**) (**) (**)
425 137 32.2 (**) (**) (**) (**) (**) (**)
2,214 1,381 62.4 1,348 60.9 766 34.6 533 24.1
1,952 1,343 68.8 1,310 67.1 752 38.5 510 26.1
262
38 14.5
38 14.5
15
5.7
23 8.8
594 278 46.8 270 45.5
83 14.0
182 30.6
1
24
25
All manufacturing
Food products
Paper & allied products
..
Chemicals & allied products
Drugs
Soaps, cleansers, cosmetics & other
preps
Other chemicals
1..
Rubber products
Primary & fabricated metals
Iron & steel
Smelting & refining of nonferrous metals.
Fabricated metal products
Machinery (excl. elec.)
Agricultural & construction.
M et a 1 working
Office
Other nonelectrical
Electrical machinery
Transportation equipment.. .
.
Motor vehicles, parts & accessories...
Aircraft and parts
Other manufacturing
Professional, scientific & controlling
instruments, photo & optical goods...
Other
6
39
6
37
1
6
36
264
330
180
98
68.2
29.7
179
91
26
All nonmanufacturing. .... . .
59
56
16
40
652
358
54.9
12
28
5
14
10
27
5
14
4
4
2
6
6
23
3
8
10
564
22
56
8 80.0
290 51.4
22 100.0
38 67.8
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
27
28
29
30
All industries
Mining. .. .
Petroleum
Trade or distribution
Other .
3
2
2
1
1
5
31
4
38
10
11
17
48
11
8
11
18
22
18
14
4
42
"Less than $500,000 or less than one-tenth of 1 percent.
**Not shown separately.
1. Excludes exports to affiliates of 10 parents (col. 1 minus col. 2) for which worldwide export
data are not available.
2. For corresponding number of affiliates included in this study, see table 3.
51.8 4,142
48.6 1,496
17.6 2,199
( R
(.*.l R
34
34
(*)
5
l.<6
1.7
(*)
.8
67.8
27.6
43
39
16.3
11.8
132
50
50.0
15.2
4
1
1.5
.3
354
54.3
28
4.3
197
30.2
60
9.2
8
286
22
38
80.0
50.7
100.0
67.8
(*)
23
3
2
(*)
4.1
13.6
3.6
7 70.0
166 29.4
18 81.8
6 10.7
1 10.0
8.5
48
11
19.6
6
84
(**)
(**)
27.1
8.0
1.3
.7
33
33
4.4
5.5
(**)
(**)
(**)
(**)
(**)
1.5
1.7
.2
8
1.3
1
.3
1
7
.4
2. 1
70
10.7
4
.6
4
.7
(*)
(*)
8.7
49
1 4.5
20 35.8
R
(**)
3. Worldwide export data, collected separately on Form BE-134A, are not available for 10
of the parents who submitted reports on Form BE-134 covering exports to their affiliates
4. For distribution among the 297 individual parents shown in col. 4, see table 2.
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
38
exports. Attribution of an export to a
specific U.S. firm becomes more complicated, however, under other circumstances. This occurs when a U.S. parent
company charges and ships goods that
it has purchased from other suppliers,
or if charges and shipments—or the
shipments alone—are made directly by
the other supplier, while the original
orders and specifications are given to
that supplier by the U.S. parent company. In all these cases, it may be
claimed that the export originated with
the parent and was directed to its
foreign affiliate.
The records used in this study are
based largely on the accounting data on
the books of the parents and their
as included in balance of payments
tabulations.
Definitional problems
In measuring the size of exports to
foreign affiliates, major problems arise
in the definition and determination of
the exporter. For instance, a U.S. parent
company may sell and ship goods that
it manufactured to a foreign affiliate for
further processing or resale by this
affiliate. In that case, the parent's
financial records of charges to this
affiliate would coincide with data based
on actual shipments to the affiliate, and
there would be no question in identifying the exporter and the recipient of the
May 1969
foreign affiliates. The books of the parent companies show the foreign affiliates
that were charged and the amounts
involved. They do not reflect U.S. exports charged directly by other U.S.
suppliers to the foreign affiliates even if
such exports were ordered by the parent
companies. However, the reporters were
requested to obtain data on such transactions from their foreign affiliates and
to report them among the purchases by
the foreign affiliates from independent
suppliers in the United States. The
affiliate that is charged on the books of
the parent company may not be located
in the country to which the goods were
actually shipped. This explains why
some of the exports of parts and mate-
Table 2.—Parents' Worldwide Exports From the United States,1 by 1965 Size of Exports of Individual Parents, by Industry of Parent
Total worldwide
exports from the
United States
Total worldwide exports from the United States amounting to —
$200,000,000
& over
Industry of reporting parent
No. of
Value
mil. $
parents
table 1(4) table 1(5)
AH manufacturing
Food products
Paper & allied products
Chemicals & rubber products
_
Primary & fabricated metals.
Machinery (incl. elec )
Motor vehicles, parts & accessories
Aircraft & parts...
Other
(2)
(1)
297
All industries
7,866
23
13
53
38
70
14
4
42
381
220
1,628
873
1,956
1,952
262
594
40
652
6
23
3
• 8
10
564
22
56
AH nonmanufacturing
Mining
Petroleum
Trade or distribution
Other
_ .
(4)
(3)
7
8,518
257
._ .
mil. $
No.
2,505
I
$100,000,000
to $199,999,999
No.
$50,000,000
to $99,999,999
mil. $
No.
(6)
(5)
12 1,648
i £50 millicm & ovei
39 5,380
(7)
$10,000,000
to $49,999,999
mil. $
No.
(8)
(9)
1,566
23
$5,000,000
to $9,999,999
$1,000,000
to $4,999,999
Under
$1,000,000
mil. $
No.
mil.$
No.
mil. $
No.
mil.$
(10)
(11)
(12)
(13)
(14)
(15)
(16)
94
2,162
53
391
79
230
29
16
84
1,930
47
347
65
196
22
13
3
2
10
6
7
7
4
179
146
1.042
533
1.185
1.810
485
6
3
19
10
28
5
13
132
53
479
226
619
140
281
7
1
8
12
13
53
9
60
88
94
6
44
7
5
12
7
19
1
14
17
12
44
23
57
2
41
2
4
3
3
1
9
1
3
2
2
(*)
5
3
339
10
232
6
44
14
34
7
3
186
10
35
1
2
1
2
5
18
8
13
2
8
1
3
3
19
3
8
3
3
1
2
3
* Less than $500,000.
NOTE.—Detail may not add to total because of rounding.
339
7
1
2
1
(*)
1. Includes exports to affiliates.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 3.—Number of U.S.-Owned Foreign Affiliates Included in Study,1 by Industry and Location of Affiliate
[Number]
Nonmanufacturing
M anuf acturing
Geographic location
All areas
.
C anada
Other Western Hemisphere
Europe .. ... ..
United Kingdom
Common Market
Other Europe _ _ ...
Other countries
Developed
Less developed
All
industries
Total
Food
products
(1)
(2)
(3)
3,579
1,869
Paper Chemicals Rubber Primary Machin- Electri- Transery
portation Other
cal
& allied & allied prod- & fabricated
(excl.
machin- equipproducts products ucts
ment
ery
metals
elec.)
(4)
154
452
1,019
1,290
274
652
364
293
534
708
181
411
116
16
65
46
10
28
8
818
358
460
224
110
334
27
16
11
(5)
88
23
22
29
(**)
21
(**)
14
9
5
**Not shown separately.
1. For corresponding number of U.S. reporting parents, see table 1, col. (1).
Source: U.S. Department of Commerce, Office of Business Economics.
642
(6)
34
(7)
(8)
165
(10)
(9)
267
140
(11)
98
281
Trade
Other
Total Mining Petrolor
eum distribution
(12)
1,710
64
217
218
37
125
56
4
11
9
(**)
5
(**)
32
47
71
19
39
13
43
39
139
46
82
11
27
31
58
19
36
3
22
28
35
7
19
9
62
74
103
36
56
11
159
485
582
93
241
248
143
84
59
10
(**)
(**)
15
9
6
46
35
11
24
19
5
13
11
2
42
(**)
(**)
484
134
350
(13)
105
28
54
5
(**)
(**)
(**)
18
13
5
(14)
(15)
(16)
545
790
270
27
126
143
34
52
57
63
220
334
42
149
143
249
50
199
173
59
114
41
85
100
(**)
(**)
(**)
44
12
32
SURVEY OF CURRENT BUSINESS
May 1960
39
Table 4.—Reported Purchases of U.S. Exports by U.S. Owned Foreign Affiliates from Parents
Industry of Affiliate and Category of Export, 1965
1
and From Other U.S. Suppliers 2, by
(Million dollars)
Manufacturing
Purchases of U.S. exports by category
from parents and from others. Cols,
and lines in table 6 are indicated in
( )
All
industries
Total
Food
products
Paper
& allied
products
Chemicals &
allied
products
Rubber
products
(1)
(2)
(3)
(4)
(5)
(6)
Nonmanufacturing
Primary MachinElecTrans& fabriery
trical
portation Other
cated
(excl.
machin- equipmetals
elec.)
ery
ment
(7)
(8)
(10)
(9)
Total
Mining
Petroleum
Trade
or
distribution
Other
(12)
(13)
(14)
(15)
(16)
(11)
Total purchases of U.S. exports by
affiliates (4-1)
Charged on parents' books (4-la,
lb)
Made by parents. _..
Made by others
Charged on others' books (4-1 c)
4,819
3,081
82
47
502
87
117
634
117
216
1,738
137
349
1,129
123
4,201
3,972
229
618
2,613
2,560
53
468
58
57
1
24
40
40
87
87
6
439
432
7
63
80
76
4
36
607
605
2
27
109
106
3
9
985
950
35
295
207
206
1
9
1,588
1,412
176
150
117
53
64
21
289
199
90
59
1,096
1,086
10
33
86
75
11
37
For further processing or assembly
(6-1)
Charged on parents' books (6-la,
lb)
Made by parents
... ..
Made by others
Charged on others' books (6-lc)
1,728
1,497
48
9
238
35
47
243
47
724
106
231
26
23
164
18
1,515
1,497
18
213
1,296
1,286
11
200
26
25
7
7
191
189
2
47
35
35
46
45
1
1
241
240
1
2
41
39
2
6
611
607
4
113
99
98
1
6
219
211
7
13
22
21
1
4
23
20
3
(*)
164
161
3
(*)
209
29
25
319
47
326
102
1,150
11
151
944
44
208
208
(*)
2
29
29
24
23
1
1
316
315
2
2
46
45
1
2
323
321
2
3
102
102
1,116
1,080
37
34
11
10
2
151
127
24
919
911
7
25
35
31
3
9
For resale without further manufacture (8-1)
Charged on parents' books (8-la.
lb)..-.
Made by parents. Made by others
Charged on others' books (8-lc)
(*)
(
%3
°2
11
11
11
1,280
9
9
(*)
8
2,247
1,097
29
2,203
2,161
42
44
1,087
1,082
5
10
29
29
356
208
3
4
27
24
41
49
2
52
6
147
59
58
7
23
274
176
98
81
144
113
31
65
2
1
1
1
2
2
17
14
3
10
24
24
9
7
2
32
49
49
1
1
34
9
25
18
5
5
131
63
67
17
47
9
38
13
56
34
22
2
7
7
22
14
8
1
33
Capital equipment (10-1)
Charged on parents' books (10-la.
lb)
Made by parents
Made by others
Charged on others' books (10-lc)___
Other goods (operating supplies, etc.)
(12-1)
Charged on parents' books (12-la,
lb)
IVCade by parents
Made by others
Charged on others' books (12-lc) .
Unallocated (12-1)
Charged on parents' books (12-la,
lb)
Made by parents
]VEade by others
Charged on others' books (12-lc)__.
(*)
(*)
2
'(*)
(*)
(*)
(•)
186
23
(*)
(*)
2
2
(*)
19
134
65
69
53
19
13
6
5
(*)
(*)
(*)
(*)
(*)
(*)
2
1
1
(*)
(*)
(*)
15
11
5
4
301
255
1
23
25
75
72
3
227
67
67
(*)
189
1
1
21
21
21
21
(*)
2
(*)
(*)
(*)
2
(*)
2
(*)
(*)
(*)
(*)
2
23
21
159
1
1
20
20
2
2
22
(*)
W
l
1
(*)
(*)
163
38
91
1
8
115
52
62
49
36
13
23
2
57
18
39
34
1
1
1
46
2
25
14
3
6
6
i
8
6
3
38
(*)
8
156
(*)
(*)
(t)
3
23
2
21
20
(*)
(*)
(*)
13
5
(*)
(*)
8
5
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business Economies.
*Less than $500,000.
1. Charged on parents' books.
2. Charged on others' books.
Table 5.—Percentage of Affiliates to Which Exports Were Sold by Parents or Other Suppliers, by Export Category, and by Industry
of Affiliate
Purchases of U.S. exports by foreign affiliates— Percent of col. A
Industry of affiliate
For further processing
Total
For resale without
Capital equipment
Other purchases
Number
or assembly
further manufacture
of affiliates (top
Charged on
Charged on
Charged on
Charged on
Charged on
line of
table 3) parents' books Charged parents' books Charged parents' books Charged parents' books Charged parents' books Charged
on
on
on
on
made bymade byon
made bymade bymade byothers'
others'
others'
others'
others'
books
books
books
books
books
Parents Others
Parents Others
Parents Others
Parents Others
Parents Others
(A)
All industries
All manufacturing
Food products
Paper & allied products
Chemicals & allied products. .
Rubber products _ _ Primary & fabricated metals.
Machinery (excl. elec.)--- - -Electrical machinery
Transportation equipment
Other manufacturing
All nonmanufacturing
Mining
Petroleum
Trade or distribution
Other nonmanufacturing
(1)
(V
(3)
(4)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(16)
(15)
3,579
49.7
8.1
8.9
28.4
3.0
4.4
37.7
2.9
1.7
11.2
3.5
2.7
2.7
2.0
1.5
4.9
1,869
59.7
7.2
11.9
45.4
4.1
7.8
41.6
2.5
2.2
14.5
3.0
4.1
3.0
.8
.9
5.6
39.0
59.1
53.2
94.1
54.9
74.7
69.3
75.3
60.5
6.5
2.3
8.7
16.9
9.2
11.1
1.9
2.3
6.4
14.9
2.4
9.9
3.9
1.3
3.4
.6
.6
1.9
7.1
3.6
6.1
.6
.5
.8
1.3
4.3
.4
9.5
7.1
.7
4.8
1.7
5.3
13.6
8.0
6.8
3.7
5.9
10.2
1.8
1.4
1.7
3.0
11.9
2.7
13.1
27.3
11.0
87.9
17.2
11.1
11.7
18.9
12.2
5.2
2.3
2.7
10.0
7.6
8.9
38.9
10.5
17.1
28.6
38.1
79.4
32.9
59.4
45.3
62.1
41.4
1.3
13.0
4.1
10. 3
13.3
2.5
28.9
32.5
39.9
91.2
40.0
56.9
52.2
62.6
48.0
9.9
.4
1.5
10.3
1.4
.4
2.3
10.4
2.3
5.5
.6
.7
2.2
11.6
1.1
.7
7.1
6.0
.4
7.3
2.9
.6
6.8
7.2
14.7
4.6
1.1
7.8
4.0
1.2
2.4
3.2
2.1
4.0
13.5
8.1
.4
3.0
6.8
.8
5.7
1.8
1.8
3.7
11.5
7.4
.1
.7
4.9
3.6
1.6
2.3
10.5
10.9
5.2
7.8
154
88
642
34
165
267
140
98
281
1,710
105
545
790
270
38.7
9.1
5.8
10.3
1.8
.9
33.5
3.3
23.8
27.4
56.6
15.2
18.3
17.1
3.9
4.4
11.5
7.3
3.0
8.6
9.5
3.9
15.8
7.8
1.9
4.2
.6
.4
5.8
7.6
21.2
53.8
10.0
1.0
5.1
3.2
1.1
Source: U.S. Department of Commerce, Office of Business Economics.
(5)
U.S.
exports
sold by
foreign
affiliates
on a commission
basis
.1
3.0
3.4
4.1
.4
7.4
3.3
SUEVEY OF CUEEENT BUSINESS
40
May 1960
Table B
rials for assembly or further processing
are attributed to foreign distribution
affiliates rather than to manufacturing
affiliates.
parent products by the parents to their
affiliates.
The reporting parents' books showed,
in addition to the $4.2 billion of outright purchases of U.S. exports by
their foreign affiliates, $0.3 billion in
U.S. exports consigned to their affiliates
for sale by the affiliates on a commission
basis.
The remaining $0.6 billion that made
up the reported total of $5.1 billion
reflected purchases in the United States
made directly by the affiliates from
suppliers other than the parents—•
purchases billed or charged directly to
the affiliates (rather than to the U.S.
parents) on the books of the suppliers
involved. These data (tables 4 and 5)
may be seriously incomplete since they
were available to the parents only to
[Billion dollars]
Total U.S. exports channeled through foreign affiliates
of reporting parents
5.1
Outright purchases from parents
4.2
Consigned by parents for sale on a commission basis . 3
Outright purchases from other U.S. suppliers
.6
Total and Intracompany
Exports to Affiliates
In table 4, the $4.2 billion of affiliates'
purchases from the parents are shown
according to whether reported as exports "made by parents" or exports
"made by others." The $4.0 billion
reported by the parents as made by
them undoubtedly includes some products of U.S. suppliers other than the
parents that were shipped or sold by the
parents and/or to which title was passed
by the parents to their affiliates. The
$0.2 billion reported as "made by
others" should therefore be interpreted
as a minimum figure for sales of non-
About $4.2 billion of the $5.1 billion
total of reported export transactions
consisted of outright purchases by the
foreign affiliates from the parents as
reflected in charges or billings on the
books of the parents to the foreign
affiliates (table B). The $4.2 billion of
such purchases includes, in addition to
exports produced by the parents themselves, exports from other U.S. sources
to the extent that such exports were
billed by the suppliers to the parents
which in turn resold and billed the goods
to their foreign affiliates.
Table 6.—Exports 1 Channeled Through Foreign Affiliates, by Export Category and by Industry of Parent and Industry of Affiliate, 1965
[Million dollars]
Purchases of U.S. exports by foreign affiliates from parents and other U.S. suppliers
Total
Line
1
la
Ib
Ic
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Industry of parent and affiliate
By in- By industry dustry
of
of
parent affiliate
(3) + (13) (4) + (14)
All exports channeled through affiliates
Of which:
Exports by 320 parents (table 1, line 1) ...
Exports by 10 parents not included in
table 1
Exports charged by U.S. suppliers other
than parents (table 4)
All industries (line 1 repeated) _
All manufacturing
Food products _-.
_
Paper & allied products
Chemicals & allied products
_ _ _.
Drugs
Soaps, cleaners, cosmetics & toilet
preps
Other chemicals
Rubber products
Primary & fabricated metals
. _Iron and steel
Smelting & refining of nonferrous
metals
_ __
Fabricated metal products
__
Machinery (excl elec )
Agricultural & construction
Metalworking
Office
Other nonelectrical Electrical machinery
Transportation equipment
Motor vehicles, parts & access
Aircraft and parts
Other manufacturing
Professional, scientific & controlling
instruments, photo & optical goods. __
Other
All nonmanufacturing
Mining
Petroleum
Trade or distribution .
Other..
"Less than $500,000.
**Not shown separately.
1. By parents and other U.S. suppliers.
For resale
without further
manufacture
For further
processing or
assembly
Total
U.S. exports sold
on a commission
basis by affiliates
Other and
unallocated
Capital
equipment
By
industry of
parent
By
industry of
affiliate
By
industry of
parent
By
industry of
affiliate
By
industry of
parent
industry of
affiliate
By
By
industry of
parent
By
industry of
affiliate
By
industry of
parent
(9)
(10)
(11)
By
industry of
afiiliate
(12)
By
industry of
parent
By
industry of
affiliate
(13)
(14)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
5,092
5,092
4,819
4,819
1,728
1,728
2,247
2,247
356
356
487
487
273
273
4,416
4,416
4,142
4,142
1,496
1,496
2,199
2,199
263
263
184
184
273
273
58
58
58
58
19
19
4
4
11
11
25
25
279
487
273
273
278
269
618
618
618
44
44
81
81
5,092
5,092
4,819
4,819
1,728
1,728
2,247
2,247
356
356
4,599
3,193
4,330
3,081
1,695
1,497
2,033
1,097
285
208
279
487
317
103
56
835
105
82
47
561
n.a.
98
51
722
105
82
47
502
n.a.
46
4
268
75
48
9
238
n.a.
47
17
392
25
29
11
209
n.a.
3
4
35
4
3
4
27
n.a.
2
26
27
1
1
23
27
n.a.
6
5
113
(*)
48
682
107
361
58
n.a.
n.a.
88
117
n.a.
35
582
106
355
58
n.a.
n.a.
87
117
n.a.
27
166
36
94
23
n.a.
n.a.
35
47
n.a.
6
361
45
139
23
n.a.
n.a.
29
25
n.a.
1
30
25
88
5
n.a.
n.a.
24
41
n.a.
1
25
n.a.
n.a.
(*)
34
7
4
n.a.
13
100
2
6
253
50
991
494
28
356
113
142
1,704
1,642
62
301
180
n.a.
n.a.
644
n.a.
n.a.
n.a.
n.a.
123
1,308
n.a.
n.a.
224
n.a.
253
44
907
457
23
355
72
128
1,671
1,609
62
293
179
n.a.
n.a.
634
n.a.
n.a.
n.a.
n.a.
117
1,280
n.a.
n.a.
216
n.a.
54
17
237
(**)
(**)
(**)
(**)
35
884
851
33
90
44
n.a.
n.a.
243
n.a.
n.a.
n.a.
n.a.
47
724
n.a.
n.a.
106
n.a.
97
19
604
(**)
(**)
(**)
(**)
65
539
514
25
186
132
n.a.
n.a.
319
n.a.
n.a.
n.a.
n.a.
47
326
n.a.
n.a.
102
n.a.
79
4
58
(**)
(**)
(**)
(**)
5
52
51
1
15
4
n.a.
n.a.
49
n.a.
n.a.
n.a.
n.a.
2
52
n.a.
n.a.
6
n.a.
23
4
8
(**)
(**)
(**)
(**)
23
195
193
3
3
n.a.
n.a.
23
n.a.
n.a.
n.a.
n.a.
21
178
n.a.
n.a.
1
n.a.
618
213
213
112
(*)
59
n.a.
n.a.
n.a.
1
(*)
n.a.
8
1
n.a.
n.a.
10
n.a.
n.a.
n.a.
n.a.
6
28
n.a.
n.a.
8
n.a.
6
84
(**)
R
<•*)
13
33
33
121
n.a.
114
n.a.
46
n.a.
54
n.a.
11
n.a.
3
n.a.
7
n.a.
493
1,899
489
1,738
32
231
214
1,150
71
147
171
209
4
161
31
373
33
56
137
353
1,276
133
31
369
33
56
137
349
1,129
123
1
23
3
5
26
23
164
18
15
168
26
6
11
151
944
44
2
58
59
58
7
23
13
120
4
34
40
116
15
38
4
4
147
10
n.a. Not available.
11
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
May
SURVEY OF CURRENT BUSINESS
the extent that their foreign affiliates
maintained the necessary records and
were willing to make detailed examinations of such records in order to supply
the information.
Parents and Affiliates With No
Reported Exports
Before examining the characteristics
of the U.S. and foreign firms that actually contributed to the $5.1 billion total
(table 6), we shall consider the foreign
affiliates that made no contributions to
U.S. exports. The very large number of
both parents and affiliates with no exports is significant in evaluating the
claim that the establishment of foreign
affiliates in most cases directly increases exports.
About one of every eight of the 330
parents reported either that no exports
from this country had been channeled
through their foreign affiliates or that
such exports amounted to less than the
minimum report able amount of $100
thousand for each of their affiliates
(table?).
Among the 3,579 foreign affiliates
belonging to the 330 reporting parents,
1,651 affiliates were in this category.
Of these, 717 were manufacturing enterprises (nearly 40 percent of the total
number of such enterprises included in
this study) and 934 were affiliates
engaged in other activities (55 percent
of the total number under study (chart
11).
Among other findings brought out in
table 8 are the following:
(1) A very large number, more than
half (52 percent) of all the manufacturing affiliates are reported to
have made no purchases in the United
States of goods for use in their processing and assembly operations. The corresponding percentages for affiliates
engaged in manufacturing food products, paper, chemicals, and fabricated
metals were in excess of 52 percent,
while those for enterprises in the
machinery and transportation equipment industries, and particularly the
rubber products industry, were lower
than the average for manufacturing
affiliates as a whole.
(2) Four-fifths of all the manufacturing affiliates and four-fifths of all the
41
affiliates in the petroleum industry are Area differences
reported to have made no purchases in
Europe—In view of the major role
the United States of machinery or
that American direct investments have
equipment. Nearly three-fourths of played in the buildup of Europe's
the mining affiliates under study were capacity to produce manufactured
also reported to have made no capital goods competitive with U.S. exports,
equipment expenditures in the United the purchasing habits of U.S.-conStates.
trolled enterprises in Europe with re(3) Considerably more than half spect to U.S. exports are of particular
(57 percent) of the foreign manu- interest.
facturing enterprises studied had no
Of the more than 700 European
part in distributing or selling abroad m anuf ac turing
affiliates
surveyed,
goods purchased from their U.S. parents nearly 300 (42 percent) made no exor from other suppliers in the United penditures for U.S. exports in any
States. Nearly half of the affiliates category, 57 percent bought no U.S.
classified in the trade or distribution exports for use in their processing and
industry likewise made no purchases of assembly operations, and 84 percent
goods from the United States for resale bought no U.S. exports in the capital
abroad. More than 95 percent of the equipment category. The last two
affiliates did not sell U.S. exports on a percentages were higher than the corcommission basis.
responding ones for manufacturing enTable 7.—Percent of U.S. Parents Reporting No Exports Through Their Foreign Affiliates,
by Export Category, and by Industry of Parent, 1965
[Percent]
Total
number
of U.S.
parents
included
in this
study
(from
table 1,
col. 1)
Industry of reporting parent
Number of parents reporting no (or no
Number of
reportable i) purchases of U.S. exports
parents
by their foreign affiliates from parent and reporting no
other U.S. suppliers
(or no reportable i) sales
of U.S. exFor
For
ports on a
All
resale
further
Capital
commission
purprocessequip- basis by their
without
ing or
chases
further
ment
foreign
affiliates
assembly
manufacture
(2)
(1)
(3)
Number
All industries
AH manufacturing
Food products
.
Paper & allied products
Chemicals & allied products
Drugs
Soaps, cleaners, cosmetics & toilet preps
Other chemicals
Rubber products
Primary & fabricated metals . . _ _
.
Iron & steel
Smelting & refining of nonferrous metals _. _
Fabricated metal products
Machinery (excl. elec.)
-Agricultural & construction
M! etalworking
Office
Other nonelectrical _
.
Electrical machinery
Transportation equipment
_. .
..
Motor vehicles, parts & access
Aircraft & parts
Other manufacturing
Professional, scientific & controlling instruments, photo & optical goods Other
All nonmanufacturing.
.
Mining
Petroleum
Trade or distribution _
Other
.
._ .
..
-.
(4)
(5)
(6)
Percent of column 1 2
330
12.4
30.6
28.0
53.8
85.1
271
7.4
21.8
20.5
52.9
82.6
23
16
52
13
6
33
4
42
10
15
17
48
11
8
11
18
23
18
14
4
45
4.3
25.0
9.6
27.3
43.8
19.2
31.8
40.0
15.4
33.3
9.1
33.3
24.2
25.0
29.3
50.0
33.3
12.5
4.3
50.0
15.2
19.5
45.5
56.3
44.2
23.1
83.3
45.5
25.0
48.8
60.0
33.3
56.3
60.0
80.0
28.6
54.5
64.7
71.4
44.4
35.7
75.0
59.5
87.0
93.8
71.2
92.3
66.7
63.6
75.0
97.6
100.0
100.0
93.8
70.8
81.8
87.5
81.8
50.0
87.0
88.9
85.7
100.0
84.4
22.9
66.7
58.3
66.7
87.2
11.9
30.0
13.3
18.2
35.7
40.0
53.3
17.6
6.5
10.0
14.3
5.6
26.1
5.6
7.1
6.7
21.7
11.1
7.1
25.0
29.5
7.7
16.7
31.6
59
35.6
70.7
62.1
58.2
96.6
12
28
5
14
33.3
32.1
40.0
42.9
75.0
66.7
60.0
78.6
75.0
59.3
40.0
64.3
66.7
44.4
100.0
69.2
100.0
92.9
100.0
100.0
6
39
4.3
5.6
7.1
1. According to the instructions for Form BE-134 on which the data were collected, purchases of U.S. exports were reportable if they totaled $100,000 or more for an individual affiliate.
2. Some reporters (a small minority) supplied data on total exports channeled through their affiliates, but were unable
to furnish a complete breakdown by category of exports. The percentages shown in columns 2 through 6 are accordingly based
on the numbers shown in column 1 adjusted to eliminate those few parents reporting "not available" for the individual category of exports designated in each column.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
42
terprises located in each of the other
three major areas shown in table 8.
On the basis of the percentages
shown in table 8A, manufacturing
affiliates located in continental Europe
were much less inclined to buy U.S.
exports than similar enterprises located
in the United Kingdom. Manufacturing
affiliates in the Common Market and
the rest of continental Europe that were
reported to have made no expenditures
for U.S. exports of any type accounted
for 45 and 54 percent, respectively, of
the total number studied, while those
in the United Kingdom constituted only
29 percent of the corresponding number
of firms surveyed. The same broad
pattern holds for individual categories
of U.S. exports (table 8A).
Other non-Western Hemisphere countries—Among manufacturing affiliates
in the less developed countries, those
buying no U.S. exports numbered
nearly one of every two studied.
Among the developed nations (Japan,
South Africa, and Australia), affiliates
with no exports accounted for about
one in every three enterprises surveyed
(table 8B).
Although in this area nearly 77
May 1969
percent of the 249 petroleum affiliates
for which data are available purchased
no capital equipment in the United
States, this percentage was not as high
as for oil affiliates in Western Hemisphere countries.
Western Hemisphere countries, except
Canada—Although it might have been
anticipated that the great majority of
U.S.-owned firms in this area purchase
U.S. exports in connection with their
manufacturing operations, this is apparently not the case. The percentage
of manufacturing affiliates in Western
Hemisphere countries other than
Table 8.—Percent of Foreign Affiliates1 With No 2 Purchases of U.S. Exports, by Export Category and by Industry and Location of
Affiliate, 1965
[Percent]
Manufacturing
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Category of U.S. exports and
geographic location
Total purchases of U.S.
exports:
All areas
Canada
Other Western
Hemisphere
Europe 3
Other countries 4
For further processing or
assembly:
All areas
CanadaOther Western
Hemisphere
Europe 3
Other countries 4 _
Total
Food
products
46.6
32.2
38.8
19.1
59.1
18.8
37.5
21.7
45.2
28.1
5.9
41.8
21.9
25.3
7.0
27.9
14.8
24.7
4.5
38.6
24.2
55.2
56.3
60.0
64.3
61.6
70.4
42.8
27.4
76.7
85.4
48.6
47.0
51.7
44.6
42.3
39.3
67.7
60.9
59.3
40.9
51.7
28.6
40.5
52.5
49.0
11.1
10.0
42.6
50.7
40.0
48.7
27.7
15.2
32.3
22.4
50.0
28.6
31.4
33.3
54.8
40.8
26.2
52.9
52.8
60.1
57.4
60.0
61.1
59.5
62.0
61.4
42.0
39.3
56.1
68.2
84.0
68.2
69.0
51.9
52.1
33.7
68.9
31.2
64.5
45.0
57.4
45.9
8.8
25.0
56.3
40.0
41.2
19.5
44.2
26.9
34.4
9.1
50.2
37.1
87.4
85.2
84.6
85.7
91.6
92.0
83.7
80.3
90.7
87.8
69.6
71.2
74.0
54.9
57.2
52.6
73.4
81.8
59.3
55.6
84.0
69.2
51.0
63.0
63.5
11.1
10.0
51.1
61.4
80.0
66.7
46.3
23.3
45.2
43.9
62.5
36.0
48.4
41.7
65.3
53.5
35.0
85.7
88.3
88.8
86.8
100.0
72.2
94.3
90.1
91.1
79.0
85.8
86.7
89.3
92.9
90.9
57.2
40.1
82.9
53.3
70.3
66.7
61.1
38.1
20.6
63.1
43.8
39.3
32.5
54.4
38.5
35.9
26.3
57.2
42.1
64.4
63.7
92.3
85.7
73.9
77.8
45.6
27.4
89.1
95.0
65.4
56.9
59.4
89.2
80.0
88.9
83.3
72.0
53.8
60.4
64.6
67.2
27.3
22.2
20.0
72.1
64.3
73.3
53.8
40.6
28.9
66.7
50.0
66.7
33.3
38.2
50.0
73.6
55.9
52.5
65.0
57.5
72.4
96.2
80.0
94.4
71.8
73.2
75.0
47.0
40.4
60.4
81.9
90.0
95.5
83.3
82.9
79.6
77.0
80.4
56.3
67.1
55.0
82.2
83.1
12.1
33.3
71.4
74.2
87.0
88.9
82.5
88.0
68.3
52.9
85.3
83.3
87.2
92.8
73.1
82.1
80.2
92.3
93.9
96.6
88.0
95.1
80.3
86.8
81.6
75.8
83.7
78.8
87.7
82.2
74.1
72.2
80.0
53.8
73.3
88.6
85.3
9.1
11.1
10.0
64.4
78.6
53.3
89.2
86.7
84.2
80.6
82.5
79.2
68.2
75.8
70.0
84.3
84.4
92.3
85.0
90.6
83.5
64.2
80.0
83.3
86.2
78.3
76.8
92.3
94.7
93.5
78.3
96.0
81.8
93.7
93.5
95.2
92.0
94.8
81.3
98.6
94.1
94.1
87.7
100.0
100.0
91.9
92.6
99.6
100.0
95.6
96.2
80.0
73.3
98.5
96.3
92.2
96.0
82.7
96.4
87.5
92.0
97.1
98.2
91.4
95.1
92.6
95.1
93.0
95.2
96.4
95.2
98.5
95.6
92.6
100.0
100.0
100.0
91.4
97.6
95.6
100.0
100.0
100.0
95.2
89.2
92.9
100.0
100.0
97.4
100.0
94.7
91.7
84.2
80.6
80.0
100.0
99.0
97.4
89,8
93.7
91.5
73.6
100.0
83.3
85.5
87.2
88.2
97.6
95.4
99.4
86.7
97.0
84.1
96.1
92.0
95.1
90.1
99.4
100.0
83.0
73.9
96.9
90.6
100.0
100.0
96.4
87.5
95.9
93.0
96.4
96.3
73.5
77.3
97.5
93.5
97.9
95.6
99.0
100.0
96.5
92.6
98.2
93.7
99.3
97.6
97.2
97.4
96.5
96.1
96.2
95.8
100.0
97.8
100.0
81.8
86.2
92.9
97.7
98.2
96.5
100.0
100.0
100.0
97.9
98.6
100.0
100.0
96.4
93.5
100.0
93.1
100.0
60.7
82.9
69.2
100.0
98.1
97.6
98.4
99.0
96.9
98.1
100.0
100.0
97.6
98.6
95.2
98.6
98.8
98.3
98.8
100.0
100.0
95.1
97.3
94.4
96.6
99.4
100.0
100.0
100.0
92.7
95.3
97.1
75.0
99.4
100.0
93.2
95.3
92.8
96.3
85.3
95.2
95.4
96.8
96.0
98.7
100.0
100.0
99.6
100.0
92.6
96.8
96.7
100.0
93.3
94.7
96.8
92.7
94.6
94.6
100.0
97.8
100.0
100.0
100.0
100.0
90.3
92.2
95.8
100.0
100.0
100.0
100.0
98.6
100.0
97.4
92.0
91.1
87.1
93.0
95.8
74.1
91.2
76.9
91.9
99.0
90.5
94.0
94.8
98.3
100.0
100.0
100.0
100.0
98.6
100.0
90.0
92.2
95.4
91.8
98.0
100.0
For resale without further
manufacture:
All areas
60.7
Canada
48.7
Other Western
Hemisphere
65.2
Europe 3
. _ 57.1
Other countries 4
67.2
Capital equipment:
AH areas
Canada
Other Western
Hemisphere
Europe 3 .- . 4
Other countries
Other goods:
All areas- .
Canada
Other Western
Hemisphere
Europe 3 .
Other countries 4
Unallocated:
All areas
Canada
Other Western
Hemisphere. _ . ..
Europe 3
.
Other countries 4 _
U.S. exports sold on a
commission basis:
All areas
Canada
Other Western
Hemisphere
Europe
Other countries
Paper
Chemi- Rubber Primary Machin- Electri- Transand
cals and prod- and fabery
cal
portation Other
allied
allied
ucts
ricated
(excl.
machin- equipproducts products
ery
metals
elec.)
ment
1. Percentages shown are based on the numbers in table 3 adjusted to eliminate affiliates
for which the parents reported that data were not available for the individual category of
exports shown. Affiliates with no sales on a commission basis are also included (lines 31-35).
2. See footnote 1 to table 7.
3. Comparable percentages for affiliates in the United Kingdom, the Common Market,
Nonmanufacturing
All
industries
•
Total Mining Petroleum
Trade
or
distribution
Other
and Other Europe are shown in table 8A.
4. Comparable percentages for affiliates in developed and less developed countries are
shown in table 8B.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
May 1960
43
Table 8A.—Percent of Foreign Affiliates in Europe With No Purchases of U.S. Exports, by Export Category and by Industry and Location
of Affiliate, 1965
[Percent]
Manufacturing
Category of U.S. exports and
geographic location
All
industries
Total
Total purchases of U.S. exports:
Europe, total (table 8, line 4)
United Kingdom
Common Market
Other Europe
47.0
39.8
47.2
52.1
42.3
29.3
44.6
54.3
60.9
30.0
75.0
50.0
For further processing or assembly:
Europe, total (table 8, line 9)
United Kingdom
Common Market
Other Europe
-
71.2
60.5
70.2
81.3
57.2
43.8
59.3
70.9
For resale without further manufacture:
Europe, total (table 8, line 14)
United Kingdom
Common Market
Other Europe
57.1
53.9
57.7
58.5
Capital equipment:
Europe, total (table 8, line 19)
United Kingdom
Common Market
Other Europe
Other goods:
Europe, total (table 8, line 24)
United Kingdom
Common Market
Other Europe .. _
-
Unallocated:
Europe, total (table 8, line 29)
United Kingdom
Common Market
Other Europe
--
Paper
Food
prod- & allied
ucts products
Nonmanufacturing
Chemicals &
allied
products
Rubber
products
Primary
& fabricated
metals
51.7
60.0
52.4
33.3
52.5
27.0
54.0
66.1
11.1
50.0
50.7
42.1
53.8
53.8
27.7
19.6
32.5
27.3
22.4
10.5
25.0
66.7
31.4
42.9
36.8
11.1
81.8
66.7
85.7
85.7
84.0
80.0
83.3
100.0
63.0
41.7
64.2
74.5
11.1
50.0
61.4
57.9
65.8
53.8
46.3
31.1
50.6
80.0
43.9
22.2
52.8
66.7
56.9
46.3
58.6
67.0
80.0
66.7
85.7
75.0
72.0
80.0
72.2
50.0
64.6
33.3
68.0
77.8
22.2
50.0
20.0
64.3
57.9
61.5
83.3
40.6
31.1
45.5
45.5
86.8
83.3
87.8
87.8
83.7
79.7
84.3
87.6
82.2
66.7
89.3
75.0
80.0
80.0
83.3
50.0
88.6
77.8
89.9
92.7
11.1
50.0
78.6
78.9
76.9
83.3
95.1
95.0
95.9
93.9
96.4
94.1
97.6
95.5
95.6
88.9
96.4
100.0
100.0
100.0
100.0
100.0
97.6
94.4
99.1
96.4
100.0
100.0
100.0
100.0
97.4
95.3
97.9
98.4
96.2
94.5
96.8
96.6
97.8
90.0
100.0
100.0
86.2
100.0
85.7
66.7
98.2
97.3
98.4
98.2
100.0
100.0
100.0
100.0
Machin- ElecTransery
trical
portation Other
(excl.
machin- equipery
elec.)
ment
Trade
Petroor
leum distribution
Total
Mining
40.8
38.9
35.7
72.7
52.8
60.2
51.7
51.0
60.0
100.0
50.0
50.0
62.0
76.5
57.7
57.1
39.3
42.9
39.9
37.6
84.0
68.8
89.5
84.8
48.4
42.9
47.1
57.1
53.5
54.3
49.1
72.7
88.3
93.3
88.5
86.1
100.0
100.0
100.0
100.0
90.1
96.9
88.5
87.7
85.8
95.1
86.0
82.7
92.9
81.3
97.3
93.5
50.0
47.1
50.0
66.7
38.2
57.1
44.4
11.1
55.9
60.0
50.0
72.7
57.5
68.5
56.1
54.7
80.0
100.0
50.0
100.0
73.2
85.3
71.2
67.9
40.4
46.3
41.5
37.6
90.0
87.5
92.1
89.1
86.7
86.4
84.9
100.0
82.5
72.2
86.1
100.0
75.8
83.3
77.8
66.7
84.4
81.8
82.7
100.0
90.6
90.1
93.6
87.9
80.0
100.0
100.0
50.0
78.3
82.4
80.8
73.7
94.7
100.0
96.5
91.0
96.0
81.3
100.0
97.8
89.2
83.3
91.4
91.7
100.0
100.0
100.0
100.0
94.7
88.9
97.2
100.0
80.6
83.3
82.4
75.0
99.0
97.0
100.0
100.0
93.7
96.6
93.2
93.1
100.0
100.0
100.0
100.0
87.2
90.6
80.8
91.2
95.4
100.0
96.0
93.0
97.0
100.0
97.3
95.7
98.6
100.0
97.4
100.0
96.4
95.7
96.3
100.0
93.1
84.2
97.2
100.0
82.9
85.7
84.2
77.8
98.1
94.4
100.0
100.0
99.0
96.8
99.6
99.2
100.0
100.0
100.0
100.0
98.6
94.1
100.0
100.0
98.8
97.6
99.3
98.6
100.0
100.0
100.0
100.0
Other
Source: U.S. Department of Commerce, Office of Business Economics.
Table 8B.—Percent of Foreign Affiliates in Non-European Countries Outside the Western Hemisphere With No Purchases of U.S.
Exports, by Export Category and by Industry and Location of Affiliate in Developed J and Less Developed Countries, 1965
[Percent]
Manufacturing
Category of U.S. exports and
geographic location
Nonmanufacturing
All
industries
Total
51.7
40.8
60.1
39.3
34.8
48.6
59.3
56.3
63.6
28.6
33.3
20.0
49.0
44.0
55.9
10.0
20.0
40.0
44.4
33.3
15.2
11.4
27.3
50.0
47.4
60.0
33.3
27.3
100.0
For further processing or assembly :
Other countries (table 8, line 10) ..
Developed
Less developed _ __
74.0
61.9
83.5
52.6
49.1
60.0
59.3
56.3
63.6
69.2
66.7
75.0
63.5
62.5
64.9
10.0
20.0
80.0
77.8
83.3
23.3
21.2
30.0
62.5
63.2
60.0
For resale without further manufacture :
Other countries (table 8, line 15) ..
Developed
Less developed
__ _
67.2
55.6
76.3
59.4
52.3
74.3
88.9
81.3
100.0
53.8
55.6
50.0
67.2
61.7
75.0
20.0
20.0
20.0
73.3
66.7
83.3
28.9
22.9
50.0
Capital equipment:
Other countries (table 8, line 20) ..
Developed
__
Less developed
81.6
81.8
81.5
78.8
80.7
75.2
74.1
68.8
81.8
53.8
55.6
50.0
85.3
87.3
82.5
10.0
20.0
53.3
55.6
50.0
Other goods:
Other countries (table 8, line 25) ..
Developed
Less developed _ _
93.0
96.4
90.4
95.2
97.1
91.4
92.6
93.8
90.9
100.0
100.0
100.0
95.6
97.5
93.0
100.0
100.0
100.0
Unallocated:
Other countries (table 8, line 30) ..
Developed
._ _
Less developed
96.5
96.1
96.7
95.8
95.5
96.4
100.0
100.0
100.0
92.9
100.0
80.0
96.5
96.4
96.6
100.0
100.0
100.0
Total purchases of U.S. exports:
Other countries (table 8, line 5)___
Developed
_.
Less developed
Food
Paper
prod- & allied
ucts products
1. Japan, Australia, and Republic of South Africa.
Source: U.S. Department of Commerce, Office of Business Economics.
Total
Mining
Petroleum
Trade
or
distribution
26.2
22.2
50.0
60.1
50.7
63.7
61.1
69.2
40.0
61.4
52.0
63.8
56.1
44.1
62.3
QS.:
58.1
71.1
41.7
36.4
100.0
35.0
29.4
66.7
88.8
83.6
90.8
72.2
69.2
80.0
91.1
85.1
92.6
86.7
83.9
88.2
90. <
91.'
90. (
66.7
63.2
80.0
50.0
40.0
100.0
52.5
44.1
100.0
72.4
60.9
76.9
94.4
92.3
100.0
75.0
62.0
78.3
60.4
46.6
67.6
95. t
91.'
96. <
84.2
86.2
77.8
79.2
78.9
80.0
70.0
62.5
100.0
92.3
93.9
83.3
83.5
83.7
83.4
83.3
92.3
60.0
76.8
72.9
77.8
93.5
92.9
93.8
81. {
75. (
84.^
92.9
100.0
83.3
97.4
100.0
88.9
91.7
94.7
80.0
80.0
75.0
100.0
97.4
100.0
83.3
91.5
95.3
90.1
83.3
92.3
60.0
88.2
93.8
86.8
99.4
100.0
99.1
83.:
100.0
100.0
100.0
93.5
94.3
90.9
100.0
100.0
100.0
69.2
63.6
100.0
97.6
97.2
100.0
96.9
97.0
96.9
100.0
100.0
100.0
95.2
94.0
95.5
98.3
100.0
98.2
100. (
100. (
100. (
Chemi- Rubber Primary Machin- Electrical TransporOther
ery
prod- fabricated
machin- tation
cals &
equipallied
metals
ery
ucts
(excl.
ment
products
elec.)
Other
84.
84.'
44
Canada that bought no U.S. exports
(45 percent of the 534 enterprises for
which data are available) was greater
than for affiliates located in both
European and other non-Western Hemisphere countries (table 8).
In the case of goods for further
processing or assembly, 55 percent of
all Latin American manufacturing operations studied involved no U.S.
exports of this type. This proportion
was almost as high as the corresponding percentage for U.S.-owned manufacturing enterprises located in Europe.
However, relatively fewer manufacturing firms in Latin America than in
other areas, particularly in Europe,
made no expenditures for U.S. exports
of capital equipment. Although such
affiliates in Latin America still numbered more than three of every four
surveyed, this finding may reflect the
relatively small amount of total plant
and equipment expenditures by all
U.S.-owned manufacturing affiliates in
this area during 1965. (See March 1969
SURVEY.)
No U.S. exports of capital equipment were reported for about two of
every three Latin American mining
affiliates. This incidence was less than
was reported for mining affiliates in
Canada and other countries. However,
U.S.-owned petroleum enterprises in
Latin America were less inclined to
buy U.S. capital equipment than those
located in Europe and other nonWestern Hemisphere countries, a finding that again may be correlated with
the smaller outlays for plant and
equipment by oil affiliates in Latin
America than in other areas.
Canada—In contrast to the relatively
high proportions in Europe, Latin
America, and the rest of the world,
only 19 percent of Canadian manufacturing firms bought no exports from
the United States. Corresponding percentages for Canadian affiliates engaged
in each of the nine major manufacturing industries shown separately in table
8 were, with only one exception, significantly smaller than the same percentages for affiliates located in each
of the other three major geographic
areas shown.
Similar comparisons of the percentages of U.S.-owned manufacturing affil
SUKVEY OF CURRENT BUSINESS
iates in each area that made no
purchases of U.S. exports in the two
most important categories—goods for
further processing or assembly and
goods for resale—also seem to confirm
that major differences exist between
the purchasing policies of Canadian
and non-Canadian m a n u f a c t u r i n g
enterprises.
The evidence in table 8 that U.S.owned manufacturing affiliates in Canada are more inclined to purchase
U.S. exports than those located in
other countries is also supported by
other data, which appear later in the
article.
The greater inclination on the part
of Canadian than other U.S.-owned
foreign firms to make purchases in the
United States is not surprising, in view
of the fact that the Canadian economy
is in general more oriented toward
trade with the United States than are
the economies of other countries. Factors such as relative costs, transportation charges, ready access to and
familiarity with U.S. supply sources,
and similarity of products consumed
on either side of the border undoubtedly
give U.S. exports a relative advantage
in the Canadian market.
Furthermore, U.S. parents tend to
have closer ties with their Canadian
affiliates than with their affiliates in
other countries. Many parents, in their
organizational structures, treat their
operations in Canada as an integral
part of their domestic activities, but
handle the operations of their enterprises in other countries through a
separate "international" division or
subsidiary.
Parents and Affiliates
Reporting Exports
Concentration among parents
The following discussion deals with
the $5.1 billion of U.S. exports purchased by the foreign affiliates from
their parents and other U.S. suppliers.
It shows how the $5.1 billion was dis
tributed among the 1,928 foreign affiliates that contributed to this total and
among their 291 parents. The data
pertaining to parents refer to their own
exports to affiliates and the purchases
by the affiliates from other U.S. sources.
May I960
Among the 291 parents, 11 (less than
4 percent) reported purchases of U.S.
goods by their affiliates amounting to
$100 million or more. The reports submitted by these 11 firms alone added
up to $2.6 billion and thus accounted
for a little over half of the $5.1 billion
total. Ten other firms reported purchases of U.S. goods by their affiliates of
from $50 million to $100 million and
accounted for nearly $0.7 billion of the
remaining $2.5 billion. Thus, the affiliates of 21 U.S. parent companies, or 7
percent of the 291 parents, accounted
for nearly 65 percent of the $5.1 billion
of U.S. exports purchased by the 1,928
affiliates.
Of the 21 parents in the top size classification in table 9—$50 million and
over—four, engaged in the manufacture of motor vehicles and parts, reported a total of $1.5 billion in U.S.
export purchases by their affiliates.
Five were in the machinery industry
and accounted for about $0.7 billion.
As table 9 shows, there was also a
very unequal distribution of the remaining $1.8 billion among the U.S. parents
that individually reported less than $50
million of U.S. exports purchased by
their affiliates.
Concentration among
affiliates
On the "basis of distributions in table
10, only 3.2 percent of the 1,928 affiliates purchasing U.S. exports were
responsible for 51 percent of the $5.1
billion total. The 3.2 percent comprised
just 61 affiliates—those that had $15
million or more in U.S. exports channeled through them.
Manujacturing affiliates.—Table 11
summarizes the data for the manufacturing affiliates with the largest export purchases, 37 firms in the "$15
million and over" group. Of these,
seven Canadian affiliates in the transportation equipment industry collectively spent more than $900 million
while the other nine foreign enterprises
in the same industry spent a little less
than $250 million.
Among the 10 machinery producing
affiliates in the "$15 million and over"
group, those located in Canada also
made larger purchases, on the average,
than those located in Europe and
elsewhere.
SURVEY OF CURRENT BUSINESS
May 1960
Although seven firms in the chemical
industry were among the manufacturing enterprises involving U.S. exports
in excess of $15 million, their average
purchases were considerably less than
average purchases in the machinery and
transportation equipment industries.
Of the $1.5 billion reported for the
remaining 1,115 manufacturing affiliates that individually purchased less
than $15 million of U.S. exports, about
$625 million was concentrated in 74
enterprises whose individual purchases
ranged from $5 million to $15 million.
Nonmanufacturing affiliates—As table
10 shows, nearly half of the $1.9 billion
in U.S. exports reported for affiliates
in industries other than manufacturing
was accounted for by 24 individual
enterprises in the "$15 million and
over" classification. Among 15 distribution affiliates in this grouping, seven
that were based in Switzerland alone
were responsible for almost half a
billion dollars in U.S. exports (table 12).
All of the three mining operations
and four of the six petroleum enterprises involving U.S. exports of $15
million or more were located in Western
Hemisphere countries. Only one such
petroleum enterprise was based in the
Middle East.
Table 9.—Size Distribution of U.S. Parents of Foreign Affiliates, by 1965 Value of U.S.
Exports Channeled Through Their Foreign Affiliates, by Industry of Parent
U.S. parents in-
Line
Value of U.S. exports
channeled through all
foreign affiliates of
individual parent
1 All exports channeled
through foreign
affiliates
All industries
affiliates
The 1,071 individual affiliates that
bought U.S. exports in the processing
Nonmanufacturing
Value of U.S.
exports
Individual
parents
Value of U.S.
exports
Individual
parents
No.
%of
total
Mil.
$
%of
total
No.
%of
total
Mil.
$
%of
total
No.
%of
total
Mil.
$
%of
total
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
i 291
100.0
5,092
100.0
251
100.0
4,599
100.0
40
100.0
493
100.0
11
10
40
17
40
108
65
3.8
3.4
13.8
5.8
13.8
37.1
22.3
2,584
671
1,036
202
279
289
31
50.8
13.2
20.2
4.0
5.5
5.7
.6
10
8
35
14
34
95
55
4.0
3.2
13.9
5.6
13.5
37.9
21.9
2,427
564
927
165
239
252
25
52.8
12.3
20.0
3.6
5.2
5.5
.6
1
2
5
3
6
13
10
2.5
5.0
12.5
7.5
15.0
32.5
25.0
157
106
109
37
40
38
6
31.9
21.6
22.1
7.5
8.2
7.6
1.1
2
Value of U.S.
exports
Exports amounting to:
2
3
4
5
6
7
8
$100,000,000 & over
$50,000,000-$99,999,999 - _
$15,000,000-$49,999,999 . .
$10,000,000-$14,999,999 _ .
$5,000,000-$9,999,999 ....
$l,000,000-$4,999,999
Under $1,000,000 ..
Above data cumulated :
9
10
11
12
13
14
$100,000,000 &over
$50,000,000 & over .
$15 000 000 & over
$10 000,000 & over
$5,000,000 & over .
$1,000,000 & over
11
21
61
78
118
226
3.8
7.2
21 0
26 8
40.6
77.7
2,584
3,255
4 291
4 493
4 772
5,061
50.8
64.0
84 2
88 2
93 7
99.4
10
18
53
67
101
196
4.0
7.2
21 1
26 7
40.2
78.1
2,427
2,991
3 918
4 083
4,322
4,574
52.8
65.1
85 1
88 7
93.9
99.4
1
3
8
11
17
30
2.5
7.5
20 0
27.5
42.5
75.0
157
263
372
409
449
487
31.9
53.5
75 6
83.1
91.3
98.9
15
AH exports channeled
through foreign
affiliates
- - .
291
100.0
5,092
100.0
251
100.0
4,599
100.0
40
100.0
493
100.0
1. Total in col. 1 equals number of U.S. parents in table 1, line 1, col. 1 less those reporting no exports from the U.S. channeled through their foreign affiliates.
2. Total in col. 3 equals total in table 6, line 1, col. 1.
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 10.—Size Distribution of Foreign Affiliates of U.S. Parents, by 1965 Value of U.S.
Exports Channeled Through Affiliate, by Industry of Affiliate
U.S.-owned foreign affiliates in —
Value of U.S. exports
channeled through
individual foreign
affiliates
Concentration among parents
Concentration among
Manufacturing
Individual
parents
Exports for Further
Processing
As discussed previously, about onethird of the reported $5.1 billion total
was in U.S. exports for further processing or assembly abroad. Of the 225
parents reporting that their affiliates
had purchased such exports, four (1.8
percent) accounted for over $850 million of the $1.7 billion total (tables 13
and 13 A).
Three of these four were in the
motor vehicle industry. While there
were no other parents whose affiliates
taken as a group purchased as much as
$50 million, there were 15 whose affiliates made purchases ranging from $15
million to under $50 million,-these accounted for 21 percent of the $1.7
billion total of reported exports.
45
Line
1 All exports channeled
through foreign affiliates
All industries
Value of U.S.
exports
Individual
affiliates
%of
total
No.
%of
total
Mil.
$
%of
total
No.
%of
total
Mil.
%of
total
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
100.0
1,152
100.0
3,193
100.0
776
100.0
1,899
100.0
Value of U.S.
exports
No.
%of
total
Mil.
$
(1)
(2)
(3)
100.0 25,092
Value of U.S.
exports
Individual
affiliates
Individual
affiliates
U,928
Nonmanufacturing
Manufacturing
Exports amounting to:
2
3
4
5
6
7
8
9
10
11
12
13
14
15
3
.3
2.6
1.4
4.9
23.2
67.3
1,026
365
1,210
325
676
1,025
465
20.1
7.2
23.8
6.4
13.3
20.1
9.1
3
4
30
21
53
250
791
.3
.3
2.6
1.8
4.6
21.7
68.7
716
255
746
252
374
555
295
22.4
8.0
23.4
7.9
11.7
17.4
9.2
2
2
20
6
42
197
507
.3
.3
2.6
.8
5.4
25.4
65.3
310
110
464
73
302
470
170
16.3
5.8
24.4
3.8
15.9
24.7
9.0
5
11
61
88
183
630
.3
.6
3.2
4.6
9.5
32.7
1,026
1,391
2,601
2,926
3,602
4,627
20.1
27.3
51.1
57.5
70.8
90.9
3
7
37
58
111
361
.3
.6
3.2
5.0
9.6
31.3
716
971
1,717
1,969
2,343
2,898
22.4
30.4
53.8
61.7
73.4
90.8
2
4
24
30
72
269
.3
.5
3.1
3.9
9.3
34.7
310
420
884
957
1,259
1,729
16.3
22.1
46.6
50.4
66.3
91.0
1,928
100.0
5,092
100.0
1,152
100.0
3,193
100.0
776
100.0
1,899
100.0
$100,000,000 &over
5
6
$50,000,000-$99,999,999_ 50
$15,000,000-$49,999,999 - $10,000,000-$14,999,999 . . 27
$5,000,000-$9,999,999 . . .. 95
$l,000,000-$4,999,999 .... 447
Under $1,000,000
1,298
Above data cumulated :
$100,000,000 & over
$50,000,000 &over
$15,000,000 & over s
$10,000,000 &over
$5,000,000 & over
$1,000,000 & over
All exports channeled
through foreign affiliates
1. Total in col. 1 equals total number of affiliates in table 3
(3,579) less those which reportedly had no U.S. exports
channeled through them.
2. Total in col. 3 equals total in table 6, line 1, col. 2.
3. For detail by area and industry of affiliate, see tables
11 and 12.
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business
Economics.
SURVEY OF CUEKENT BUSINESS
46
May 1969
and assembly category included just
25 whose expenditures amounted to
$10 million or more. Together they
spent $940 million, $150 million more
than the collective amount reported
for all of the other 1,046 affiliates
(table 14A).
Eleven of the 25 enterprises were
manufacturers of automobiles, and five
of these, located in Canada, accounted
for almost $500 million. Most of the
exports to Canada were not under the
U.S.-Canadian Automotive Products
Trade Act which did not become
effective until late in October 1965.
This act led to a large expansion of
trade in automotive products between
U.S. parents and their Canadian
affiliates.
The other six auto manufacturing
affiliates that spent $10 million or more
for U.S. exports for further processing
accounted as a group for a little over
$100 million. Most of these affiliates
Table 11.—Number of Manufacturing Affiliates With 1965 U.S. Exports of $15 Million
or More, and Related Value of U.S. Exports, by Location and Industry of
Affiliate
Table 13.—U.S. Exports Channeled Through Foreign Affiliates, by 1965 Size of Exports
Reported by Individual Parents, by Export Category and Industry of Parent1
Number
Location and industry
All areas (from table 10, line 11, cols. 5 &7)_.
Transportation equipment- . .
Machinery (incl. elec.)
Chemicals
Other
_
Canada
Transportation equipment
Machinery (incl. elec.)
Chemicals
Other
__ _
Other Western Hemisphere
Transportation equipment
Chemicals .
_
Europe
.__
Transportation equipment
Machinery (incl. elec.)
Chemicals
_ _
__
Other
_
Other countries. __ Transportation equipment
Machinery (incl. elec.)
Other
_ _
- -
U.S.
exports
(mil. $)
37
16
10
7
4
1,717
1,146
320
157
95
16
7
4
3
2
1,196
906
177
74
40
6
4
2
159
124
35
10
3
4
2
1
244
78
98
48
21
5
2
2
1
118
38
45
35
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 12.—Number of Nonmanufacturing
Affiliates With 1965 U.S. Exports of $15
Million or More, and Related Value of
U.S. Exports, by Location and Industry
of Affiliate
Number
Location and industry
All areas (from table 10, line 11, cols. 9 &
11)
Mining
Petroleum
Trade or distribution
Canada
Petroleum
Trade or distribution ,
Other Western Hemisphere
Mining
Petroleum _
._
Trade or distribution
Europe
Petroleum
Trade or distribution
Switzerland,.
Other
Other countries
Petroleum
_ _
_
_ _
U.S.
exports
(mil. $)
24
3
6
15
884
61
111
712
4
2
2
75
35
40
g
3
2
3
206
61
41
104
11
1
10
7
3
585
17
568
481
87
1
1
18
18
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business
Economics.
were based in other Western Hemisphere countries.
Among the largest individual purchasers of U.S. exports to be further
processed or assembled abroad was a
foreign distribution subsidiary that
resold the exports to other affiliated
foreign manufacturing enterprises.
While there were five machinery
manufacturers whose individual purchases averaged about $18 million,
these belonged to only two reporting
Reported U.S. exports amounting to —
Total
all exports
Line
$50,000,000
and over
Category of U.S. exports and industry
No. 2 of Value
parents
(2)
(1)
$15,000,000
$5,000,000
to $49,999,999 to $14,999,999
Uuder
$5,000,000
No.
Mil. $
No.
Mil. $
No.
Mil.$
No.
Mil. $
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
For further processing or assembly :
1
2
3
4
5
6
7
8
9
10
11
12
All industries
225
Food products
Paper & allied products
Chemicals & rubber products. _. . .
Primary & fabricated metals
Machinery (incl. elec.)
Motor vehicles, parts & acces
Other manufacturing
Petroleum
Trade or distribution
Other
...
4
1,728
16
9
45
29
62
13
3
31
9
2
6
46
4
304
94
272
851
33
90
23
3
7
146
356
12
7
32
21
24
9
1
17
15
3
4
60
88
63
51
(*)
15
58
8
13
231
2,247
15
9
48
27
60
13
4
33
11
3
8
47
17
437
139
669
514
25
186
168
26
20
49
273
3
1
16
1
17
2
6
5
115
6
97
33
7
2
8
4
856
15
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
w(**)
(**)
w
369
29
272
(**)
(**)
<*•)'
(**)
(**)
(**)
(**)
(**)
(**)
(**)
M
(**)
M
P••
(**)
177
(**)
9
27
24
52
5
231
(**)
32
31
69
11
27
(**)
3
7
6
Capital equipment:
13
14
15
16
17
18
19
20
21
22
23
24
All industries
Food products
Paper & allied products
Chemicals & rubber products
Primary & fabricated metals
Machinery (incl. elec.)
Motor vehicles, parts & acces
Aircraft & parts
Other manufacturing
Petroleum
Other
1
51
6
(**)
(**)•
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
171
(**)
(**)
n(**>
(**>
6
46
88
133
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
For resale without further manufacture:
25
26
27
28
29
30
31
32
33
34
35
36
All industries
-
-
Food products
Paper & allied products.
Chemicals & rubber products
Primary & fabricated metals _ _
Machinery (incl elec )
Motor vehicles, parts & acces.
Aircraft & parts
Other manufacturing
Petroleum
Trade or distribution
Other
11
R
R
R
1,203
(**)
(**)
(**)
(**)
(**)
(**)
15
(**)
(**)
(**)
(**)
R
R
(**)
(**)
448
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(*')
43
(**)
(**)
(**)
395
(**)
R
(**)
R R
R
(**) R
(**) (**)
(**)
(**)
(**)
(**)
162
202
11
(**)
31
24
40
**15
34
59
6
(**)
6
(**)
6
25
5
(**)
6
Sales on a commission basis:
37
38
39
40
41
42
43
44
45
46
47
48
All industries
Food products
Paper & allied products
Chemicals & rubber products
Primary & fabricated metals
IMachinery (incl elec )
Motor vehicles parts & acces
Aircraft & parts
Other manufacturing
Petroleum
Trade or distribution
Other
6
172
8
64
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
6
(**)
(**)
37
35
(**)
(**)
10
10
13
(**)
7
2
11
(**)
8
4
*Less than $500,000.
**Not shown separately.
1. See Table 13A for cumulative percentage distributions of firms and value of exports.
2. Numbers in col. 1 equal numbers of U.S. parents in table 9, line 1, col. 1 less those reporting no U.S. exports in the
categories shown and those reporting that data were not available for the categories shown.
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
May 1969
parents. Among the remaining 223
other machinery-producing affiliates
that purchased U.S. exports in connection with their manufacturing operations, only 10 had outlays amounting
to $5 million or more. In contrast, over
170 spent less than $1 million in this
category each.
Of the 264 chemical affiliates that
reportedly made some expenditures for
U.S. exports in the processing or
assembly category, only three made
purchases in excess of $10 million, and
only 7 more were in the "$5 million and
over" class. This group of 10 included
predominantly manufacturers of industrial materials.
Among the remaining 300 or so
affiliates in other manufacturing industries that purchased such exports, only
eight spent $5 million or more.
As table C shows, expenditures by
all manufacturing affiliates in Canada
that purchased U.S. exports for further
processing and assembly averaged $4%
million, more than four times as much
Table 13A.—Number of Parents and Value of Exports Through Affiliates: Cumulative
Percent Distribution by 1965 Size of Exports Through Affiliates, and by Export
Category and Industry of Parent
All
Value of
parents reported
reporting
U.S.
exports
actual
U.S.
exports
Export category and industry of parent
No.
(table
13(1))
Individual parents reporting purchases by their
affiliates amounting to—
$50 mil.
& over
Value
Col.
(mil. $)
(1)
table 13(2)
(1)
$15 mil.
$5 mil.
& over
& over
Percent of —
$1 mil.
& over
Col.
(2)
Col.
(1)
Col.
(2)
Col.
(1)
Col.
(2)
Col.
(1)
Col.
(2)
(10)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1.7
49.5
8.4
70.9
21.3
86.7
59.1
98.0
60.6
68.8
22.2
60.0
62.0
58.1
84.7
98.2
98.3
59.1
97.0
98.0
95.8
99.9
M
(**)
U.S. exports for further processing or assembly:
All industries
Food products
Paper & allied products _>
Chemicals & rubber products
Primary & fabricated metals
Machinery (incl. elec.) ... ..
Motor vehicles, parts & access
.
Other manufacturing
All nonmanufacturing
Mining
.. ...
Petroleum
Trade or distribution
Other
..
225
1,728
208
16
9
45
29
62
13
3
31
1,695
46
4
304
94
272
851
33
90
17
3
9
2
3
32
1
23
3
5
(
)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
w(**)
(**)
(**)
H
c(**))
(**)
c*)
w
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
40.0
17.2
16.1
61.6
(**)
12.9
89.2
67.0
74.2
98.8
(**)
61.1
(**)
(**)
(**)
41.2
87.7
(**)
(**)
(**)
44.4
50.0
66.7
88.9
96.9
94:2
U.S. exports of capital equipment:
All industries
All manufacturing . _ ._
Food products
Paper & allied products .
Chemicals & rubber products
Primary & fabricated metals
Machinery (incl. elec.)
Motor vehicles, parts & acces
Aircraft & p rts
Other manufacturing
- -
All nonmanufacturing _
Mining
Petroleum
Trade or distribution
O ther
All manufacturing
_
Food products. .
Paper & allied products
Chemicals & rubber products
Primary & fabricated metals
Machinery (incl. elec.)
Motor vehicles, parts & acces
Aircraft & parts
Other manufacturing
.
.
_
. ...
_
All nonmanufacturing
Mining
Petroleum _
Trade or distribution
Other.
*Less than $500,000.
All areas
Industry of affiliate
AH manufacturing
.
Transportation
Other manufacturing- _.
Machinery (including electrical)
Chemicals.. . - -..
Other
Canada
All other
areas
1,735
4,251
1,038
12, 271
28,200
4,102
961
1,383
851
1,272
902
1,750
1,576
1,073
1,131
805
785
682
as comparable expenditures by such
affiliates located elsewhere in the world.
The average for Canada is, of course,
heavily weighted by the large purchases
made by affiliates in the transportation
equipment industry ($28,200,000 as
compared with $4,1-02,000 for transportation equipment affiliates in other
countries). However, it also reflects the
larger average purchases made by
Canadian affiliates in other manufacturing industries, particularly machinery and chemicals, than by affiliates
in the same industries based in other
countries.
Exports of Capital Equipment
A total of $356 million was reported
as purchases of U.S. capital equipment
by affiliates. Although this may be a
serious understatement, a few points
may be noted.
146
356
.7
14.2
4.8
62.3
8.9
75.2
28.8
93.8
Concentration among parents
285
3
4
60
88
63
51
(**)
(**)
(**)
(**)
(**)
(**)
22.8
93.3
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
28.6
25.0
47.6
16.7
22.2
91.9
90.6
95.7
94.7
99.0
23
4
15
71
2
58
4
11
231
2,247
4.8
53.5
11.3
73.4
209
15
9
48
27
60
13
4
33
2,033
47
17
437
139
669
514
25
186
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
22
3
11
3
5
214
15
168
26
6
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
Of the 146 parents which indicated
that their affiliates had bought U.S.
exports in this category, only 13 (less
than 9 percent) reported that such
purchases amounted to $5 million or
over. Among these, just seven reported
that such expenditures amounted to as
much as $15 million. The reports of the
13 totaled almost $270 million, thus
accounting for three-fourths of the $356
million total (tables 13 and 13A). The
13 were about evenly divided between
manufacturing and nonmanufacturing
industries.
Among nonmanufacturing parents,
four petroleum firms reported capital
equipment exports to their affiliates
aggregating $5 million or more.
Of the 16 affiliates whose reported
purchases of capital equipment in the
United States amounted to $5 million
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
11.8
88.9
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
60.8
25.0
66.7
95.5
66.7
96.3
(**)
(**)
75.0
97.2
29.9
91.0
62.4
98.7
28.8
26.7
(**)
35.4
11.1
33.3
46.2
(**)
21.2
90.6
67 1
(**)
90.5
75.7
91.1
98.8
(**)
86.5
62.8
80.0
33.3
68.8
55.5
70.0
77.0
50.0
42.4
98.7
98.3
95.8
98.7
96.0
99.2
99.7
95.7
97.1
40.9
66.7
45.5
66.7
94.7
99.3
96.8
98.9
59.1
66.7
63.7
66.7
40.0
98.5
99.3
98.7
98.9
83.6
15
**Not shown separately.
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
Table C.—Average (Arithmetic) Expenditures by Manufacturing Affiliates in
Various Areas Which Purchased U.S.
Exports for Further Processing or Assembly
[Thousand dollars]
123
12
7
32
21
24
9
1
17
U.S. exports for resale without further manufacture:
All industries .
47
SUKVEY OF CUKEENT BUSINESS
48
May 1969
affiliates to independent foreign cus- The $2.5 billion consists of $2.2
tomers. Thus, the affiliates acted as billion of exports sold by the parents to
distribution channels for about 40 per- their affiliates and $0.3 billion of excent of the total of $6.6 billion of re- ports consigned by the parents to their
porting parents' exports that ended up affiliates to be sold on a commission
Role of Affiliates as Distribu- in the hands of independent foreign basis. About $1.2 billion of the $2.5
tors of U.S. Exports
buyers (table 15).
billion total was channeled through
The $2.5 billion is based on selling foreign manufacturing affiliates and
The reporting parents' exports from
the United States to independent prices charged by the parents to the another $1.1 billion through trade or
foreign buyers amounted to $4.1 billion. affiliates and does not reflect the prices distribution firms (tables 14C and 14D).
In addition, the U.S. parents reported charged by the affiliates to final cus- Most of the remaining amount reflected
$2.5 billion of exports for resale or sale tomers. Since the $2.5 billion does not exports for resale by affiliates in the oil
on a commission basis by their include the profit or commission on sales industry.
by the affiliates, while the $4.1 billion
A significant portion of the $2.5
affiliates.
Most of the $2.5 billion sold by the of sales by the parents to independent billion (perhaps $750 million) was
parents to their affiliates for resale foreigners does include the markup or shipped by the parents from the United
abroad or consigned to the affiliates for profit, the $2.5 billion tends to under- States directly to the ultimate foreign
sale on a commission basis can be pre- state the relative importance of the buyers but charged to the affiliates.
sumed to have been distributed by the affiliates as distributors of U.S. exports. Many of these sales may have been
or over (table 14B), 10 were manufacturing affiliates and the others were
mainly in the mining and petroleum
industries.
Table 14A, B, C, D.—U.S. Exports Channeled Through Foreign Affiliates, by 1965 Size of Exports
Table 14 A. — For Further Processing or Assembly
Table 14B. —Capital Equipment
U.S. exports amounting to—
Line
Geographic location and industry
Total all
exports
$10,000,000
and over
$5,000,000
$9,999,999
No. of
affiliates i
Value
(mil. $)
(1)
(2)
(3)
(4)
(5)
1,071
59
228
264
312
16
44
123
25
10
11
12
13
14
15
16
17
18
Canada
Transportation equipment
Machinery (incl. elec.) ,_
Chemicals
Other manufacturing
___ ___
Mining
Petroleum
Trade or distribution
Other
210
20
52
33
82
4
2
12
5
811
564
91
52
88
2
2
10
2
19
20
21
22
23
24
25
26
27
Other Western Hemisphere .
Transportation equipment
Machinery (incl. elec.)
._ __
Chemicals
O ther manufacturing ._.
Mining. _
_
_
Petroleum
Trade or distribution
Other .
299
16
30
103
83
7
7
44
9
321
123
13
86
40
23
2
23
10
8
(**)
142
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
28
29
30
31
32
33
34
35
36
Europe
Transportation equipment
Machinery (incl. elec.) _,
Chemicals
Other manufacturing
Mining
Petroleum
Trade or distribution
Other .
358
16
104
78
94
498
28
153
82
94
7
(**)
(**)
(**)
(**)
210
(**)
(**)
(**)
(**)
16
(**)
(**)
(**)
(**)
14
45
7
12
124
5
(**)
(**)
(**)
(**)
(**)
(**)
37
38
39
40
41
42
43
44
45
Other countries
Transportation equipment
Machinery (incl elec )
Chemicals
Other manufacturing
Mining
Petroleum
Trade or distribution
Other
204
7
42
50
53
5
21
22
4
98
9
33
18
22
1
7
7
1
(6)
(7)
(8)
(9)
25
12
5
3
940
635
91
44
33
8
10
7
221
53
60
48
167
14
42
43
329
28
86
82
846
25
171
211
5
170
8
60
68
133
439
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
2356
52
51
27
78
59
58
7
23
7
(**)
(**)
(**)
120
(**)
(**)
9
(**)
(**)
65
(**)
(**)
(**)
49
(**)
(**)
(**)
98
(**)
(**)
(**)
504
(**)
(**)
(**)
72
(**)
(**)
(**)
(**)
(**)
R
R R R
(**) (**) (**) (**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
i
10
(**) (**)
(**)
(**)
3
(**)
(**)
(**)
4
(**)
(**)
(**)
65
(**)
(**)
<**)
10
(**)
(**)
(**)
(**)
(**)
(**)
(**)
22
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
43
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
166
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
26
(**)
11
(**)
(**)
(**)
(**)
20
(**)
(**)
(**)
(**)
149
(**)
(**)
(**)
19
(**)
(**)
(**)
124
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
18
(**)
(**)
(**)
(**)
(**)
(**)
238
8
53
64
569
26
55
109
f
168
28
113 \ 105
46
I
32
(**)
(**)
116
4
4
20
13
46
13
3
13
163
8
27
24
51
(**)
31
17
(**)
143
3
11
20
32
3
55
(**)
(**)
1
(**)
1
(**)
5
(**)
(**)
(**)
(**)
(**)
33
(**)
(**)
(**)
(**)
(**)
38
(**)
(**)
(**)
(**)
(**)
79
(**)
(**)
(**)
(**)
(**)
(**)
(**)
R
(**)
(**)
110
(**)
(2)
192
7
10
55
50
19
17
16
18
108
(**)
(**)
(**)
R
(**)
(1)
67
1
6
29
17
1
1
8
4
52
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
54
(**)
(**)
(**)
(**)
104
(**)
(**)
(**)
(**)
281
9
76
60
78
74
4
19
21
20
R
(*;>
12
41
5
2
6
2
18
(**)
(**)
(**)
(**)
23
(**)
(**)
(**)
(**)
38
(**)
(**)
(**)
(**)
2
1
3
4
178
5
35
43
47
4
19
21
4
42
1
13
8
12
(*)
2
3
1
Under
$1,000,000
No. Mil.$ No. Mil.$ No. Mil.$ No. Mil.$
248
5
27
89
71
3
6
40
7
60
(**)
(**)
(**)
$1,000,000
to
$4,999,999
Value
71
8
7
10
35
(**)
2
(**)
(**)
9
(**)
(**)
(**)
$5,000,000
to
$9,999,999
No. of
affiliates *
55
2
15
6
25
2
1
2
2
588
(**)
(**)
(**)
3
(10)
$10,000,000
and over
139
6
33
19
62
4
1
9
5
10
(**)
(**)
(**)
*Less than $500,000.
**Not shown separately.
1. Numbers in col. 1 equals numbers of affiliates in table 10, line 1, col. 1 less those which
involved no exports, or for which export data were not available, in the categories shown.
Under
$1,000,000
No. Mil.$ No. Mil.$ No. Mil.$ No. Mil.$
1 All areas
2
Transportation equipment
3
Machinery (incl. elec.)
4
Chemicals
,. _.
5
Other manufacturing .
_ __
Mining
___
_ __
6
7
Petroleum
8
Trade or distribution
9
Other
__
2 1,728
724
290
238
245
26
23
164
18
$1,000,000
to
$4,999,999
U.S. exports amounting to—
Total all
exports
R
52
24
15
2
(**)
(**)
(**)
2
/**-)
H
P
M
(**)
28
(**)
(**)
** 8
<**>
(**)
(**)
(**)
2
34
2
13
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
R
(**)
(**)
(**)
(**)
(**)
(**)
67
15
21
3
15
(**)
8
3
(**)
1
(**)
(**)
13
R
2
(**)
(**)
15
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
121
8
10
3
43
11
36
(**)
(**)
2
45
(**)
(**)
4
(**)
(**)
27
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
13
(**)
(**)
(**)
(**)
(**)
(**)
31
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
(**)
2. Value data for all areas correspond with those shown in table 6.
NOTE.—Detail may not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
w(**) w
(**) R
(**)
(**)
R R
(**)
R (**)
(**) (**)
R
SURVEY OF CURRENT BUSINESS
May 1960
made through foreign affiliates only
for accounting purposes and do not reflect sales in which the foreign affiliates
played an active role.
the United States and were shipped
from the United States directly to the
final foreign customers. Another four,
based in Panama, were responsible for
nearly $100 million, all of which was
Concentration among distribution
sold prior to being exported from the
affiliates
United States. Individual countries of
As table 16 shows, 44 trading or dis- location and other details regarding
tribution affiliates were involved in the remaining distribution affiliates
sales of U.S. exports to the extent of whose sales of U.S. exports amounted
$5 million or more. These were collec- to $5 million or more are shown in
tively responsible for over $800 million table 16.
of the $1.1 billion in such sales by all
Among the other details included in
trading affiliates for which data were table 16 are the industries of the U.S.
available.
parents of these 44 foreign distribution
Of the 44, 16 based in Switzerland firms. The largest amounts of U.S.
accounted for over $425 million of exports were sold by firms belonging to
U.S. exports. Most of these exports parents in the machinery and chemical
were sold while the goods were still in industries.
49
Manufacturing
affiliates
While the final destinations of the
U.S. exports sold by foreign distribution affiliates are largely unknown, the
countries of destination of U.S. exports
sold by manufacturing affiliates were
in most cases the same as those in
which the selling affiliates were based.
Of the $1.2 billion total of U.S. exports
involved (including $1.1 billion of purchases for resale and $0.1 billion sold
on a commission basis), all but about
$60 million was apparently shipped
either to the affiliates themselves or to
other residents of the countries in
Through Individual Affiliates, by Export Category, Industry, and Location of Affiliate
Table 14D.—Sale on a Commission Basis
Table 14C.—For Resale Without Further Manufacture
U.S. exports amounting to—
U.S. exports amounting to—
Total,
all exports
Line
1
2
3
4
5
6
7
8
9
$10,000,000
and over
Geographic location and industry
No. of
affiliates 1
Value
(1)
(2)
Canada . - Transportation equipment
Machinery (incl. elec.)
Chemicals
Other manufacturing
Mining
Petroleum
Trade or distribution
19
20
21
22
23
24
25
26
27
221
14
43
39
68
(3)
(4)
16
(**)
(**)
(**)
6
45
(**)
722
238
145
101
83
(**)
13
131
(**)
Other Western Hemisphere
Transportation equipment
Machinery (incl. elec.)
Chemicals
.. Other manufacturing
Mining. . ..
. . ...
Petroleum
Trade or distribution
.
Other
344
18
28
82
49
(**)
35
115
(**)
339
28
30
22
**17
32
194
(**)
5
(**)
(**)
126
(**)
(**)
(**)
(**)
(**)
100
28
29
30
31
32
33
34
35
36
Europe
Transportation equipment
Machinery (incl. elec.)
Chemicals
Other manufacturing
Mining
. ..
Petroleum. . ..
.. . . - . .
Trade or distribution
Other
- -
541
21
107
75
93
(**)
38
196
(**)
954
42
113
73
81
(**)
51
571
(**)
37
38
39
40
41
42
43
44
45
Other countries
Transportation equipment
Machinery (incl. elec.)
Chemicals
Other manufacturing
Mining
Petroleum
Trade or distribution
Other
263
6
40
45
40
(**)
62
67
(**)
233
19
78
13
15
(**)
55
49
(**)
Afhor
(**)
$1,000,000
to
$4,999,999
Under
$1,000,000
Total,
all exports
$10,000,000
and over
$1,000,000
to
$4,999,999
$5,000,000
to
$9,999,999
Under
$1,000,000
No. of Value
No. Mil. $ No. Mil.$ No. Mil.$ No. Mil.$ affili- (mil. $) No. Mil.$ No. Mil.$ No. Mil.$ No. Mil.$
ates *
All areas
1,369 2 2,247
38 1,088
Transportation equipment
59
326
247
7
Machinery (incl. elec.)
218
170
8
366
Chemicals. . ..
. . . _ 241
5
209
87
Other manufacturing
250
196
Mining ..
.. .
11
44
8
4
Petroleum
141
151 1
Trade or distribution
14
423
944
540
Other
29
44
10
11
12
13
14
15
16
17
18
$5,000,000
to
$9,999,999
w(**)
14
(**)
R
R
(**)
(**)
3
(**)
(**)
(**)
(**)
(**)
453
(*")
(**)
(**)
(**)
(**)
(**)
61
(10)
(3)
(2)
(1)
(6)
(7)
(8)
58
6
7
5
384
42
43
35
237
13
51
21
266
9
48
41
46
174
14
28
47
16
2273
28
16
59
9
14
95
66
22
4
148
21
77
9
509 1,036
29
33
152
105
210
46
j 210
142
1 100
169
310
17
16
87
6
2
58
9
4
147
10
16
(**)
53
(**)
(**)
(**)
116
(**)
W
106
(**)
(**)
(**)
(**)
28
(**)
(**)
(**)
47
1
10
7
15
(**)
2
12
(**)
12
1
3
3
3
(**)
136
6
23
25
50
(**)
4
26
(**)
9
66
288
13
22
77
47
(**)
28
88
(**)
(5)
w(**)
R R
W
W
(**)
W
w(**)11 H(**)30
*42
88
R
M
(9)
(**)20
(**)
(**)
(**)
31
(**)
466
(**)
(**)
(**)
(**)
(**)
(**)
379
(**)
27
(**)
(**)
.(**)
(**)
(**)
(**)
12
(**)
169
(**)
(**)
(**)
(**)
(**)
(**)
75
(**)
96
(**)
35
(**)
(**)
404
12
80
66
76
(**)
23
142
(**)
43
6
(**)
43
(**)
(**)
(**)
46
(**)
(**)
(**)
(**)
(**)
(**)
11
(**)
99
(**)
(**)
(**)
(**)
(**)
(**)
23
(**)
208
2
27
42
37
(**)
45
54
(**)
(**)
R R
R
R R
(**) (**) (**)
2
(**)
14
(**)
(**)
R
(**)
R
(**)
(**)
43
(**)
206
(**)
(**)
(**)
(**)
(**)
(4)
(5)
(6)
5
102
7
1
48
9
1
13
2
12
4
89
4
23
(*)
5
4
5
1
2
9
1
9
59
4
4
12
8
68
7
5
21
6
74
23
4
21
3
2
1
15
9
1
6
7
20
(**)
22
7
14
9
113
4
27
14
18
(**)
6
43
(**)
68
3
15
17
3
168
5
6
30
(*)
2
26
2
4
122
1
47
(*)
26
3
5
6
4
8
8
5
(**)
14
12
(**)
8
(8)
(7)
36
5
4
11
4
92
17
10
26
6
126
8
24
33
12
31
2
6
8
3
27
1
8
3
4
21
8
1
42
6
(*)
10
2
9
7
13
2
2
3
4
4
5
4
1
1
1
(*)
1
(*)
17
4
1
4
1
48
13
3
12
2
49
2
4
16
5
11
1
1
3
1
4
3
16
8
18
4
4
1
29
4
3
7
49
2
14
12
3
13
1
3
4
(*)
(*)
5
102
4
24
1
13
1
6
10
1
1
3
4
89
3
18
1
4
4
11
1
15
2
2
2
24
3
5
4
4
(*)
4
1
2
(10)
(9)
2
2
8
1
6
(*)
2
1
2
SURVEY OF CURRENT BUSINESS
50
Table 15.—Foreign Affiliates' Sales of Their Parents' 1965 Worldwide Exports From the
United States l by Type of Sale and Industry of Parent
Total U.S.
exports by
parents (excl.
exports used
by parents'
foreign
affiliates)
(table 1, (5)
minus (8),
(10), and (11))
Industry of reporting parent
AH industries
(1)
(2)
(3)
._ .
_-
Cols. (4) +(5)
or
cols. (6)+(7)
Percent
of col. 1
Food products
Paper & allied products.
Chemicals & allied products.
- Drugs
Soaps, cosmetics & toilet preps
Other chemicals . .......
Rubber products .
.. -- Primary & fabricated metals
Iron & steel
Smelting & refining of nonferrous
metals
Fabricated metal products
Machinery (excl. elec.)
- Electrical machinery
Transportation equipment
Motor vehicles, parts & acces .- - ...
Aircraft & parts
Other manufacturing
Petroleum
Other
Resold
after
purchasing from
parents
(table 1,
(9))
Mil. $
. .
. . -
Total
Million dollars
All manufacturing
All non manufacturing.
U.S. exports in col. (1) sold by parents' foreign affiliates
. .
Sold to
Sold on
third
Sold to
acorn- countries countries
before in which
mission
shipbasis
affiliates
ment
(table 1,
were
from
located
(12))
U.S.
Million dollars
(4)
(5)
(6)
(7)
6,575
2,472
37.6
2,199
273
751
1,721
6,080
2,272
37.4
2,003
269
739
1,534
353
190
1,207
85
27
1,094
100
728
398
51
20
495
25
20
450
47
140
18
14.4
10.5
41.0
29.4
74.1
41.1
47.0
19.2
4.5
45
15
382
25
7
350
45
134
18
6
5
113
(*)
13
100
2
6
12
12
170
1
13
156
9
87
3
39
8
325
24
7
294
38
53
15
213
117
1,234
366
1,399
1,151
247
505
97
25
686
78
566
543
23
190
45.5
21 A
55.6
21.3
40.5
47.2
9.3
37.6
97
19
602
65
533
• 510
23
182
6
84
13
33
33
80
4
301
19
87
78
9
41
17
21
385
59
479
465
14
149
494
201
40.7
197
4
12
188
444
50
170
31
38.3
62.0
166
31
4
12
158
31
8
*Less than $500,000.
NOTE.—Detail may not add to total because of rounding.
1. Excludes exports used by affiliates.
Source: U.S. Department of Commerce, Office of Business Economics.
May 1960
which the affiliates were located.
Almost half of the $1.2 billion was
sold by manufacturing affiliates in
Canada, and another $350 million by
those in Europe. Of the remaining $275
million or so, nearly $150 million was
sold by firms in Western Hemisphere
countries (particularly in Mexico).
Canada—Over $230 million of the
reported $580 million of U.S. exports
sold by U.S.-owned Canadian manufacturing enterprises (tables 14C and
14D) reflected the sales of six affiliates
in the transportation equipment industry, each of which was responsible
for a minimum of $10 million. Another
$90 million was channeled through two
machinery manufacturing affiliates.
Other Western Hemisphere—In contrast to Canadian manufacturing affiliates, which sold more than four times
the amount of U.S. exports as Canadian distribution firms, manufacturing
affiliates (for which reports are available), and which are located in the
rest of the Western Hemisphere sold
fewer U.S. exports (about $150 million)
than corresponding distribution firms
based in that area (about $210 million).
Only seven manufacturing affiliates
1
Table 16.^Purchases for Resale and Sales on a Commission Basis of "Large" Trade or Distribution Affiliates, by Industry of Parent
and Location, 1965
Sales to third countries
before shipment from
the U.S.
Total
Industry of parent and location of
affiliate
Number of
affiliates
(5) +(9)
Value
(million $)
(6)4- (10)
No.
(7)+(H)
Mil. $
(8) + (12)
(1)
(2)
(3)
(4)
For sale on a commission basis
For resale without further manufacture
Total for resale and sale on a commission basis
Sales to third countries
before shipment from
the U.S.
Total
Mil. $
No. (total
from table (total from
14C, line 8, table 14C,
lines,
(3)+(5))
(4)+(6))
(5)
(6)
No.
Mil.$
(7)
(8)
Sales to third countries
before shipment from
the U.S.
Total
No. (total
Mil. $
from table (total from
14D,line8, table 14D,
(3) + (5))
line 8,
(4)+(6))
(10)
(9)
No.
Mil.$
(ID
(12)
By industry of parent:
44
804
23
618
36
688
18
534
8
116
5
84
39
763
22
610
31
647
17
526
8
116
5
84
10
4
13
4
4
4
167
93
349
26
81
48
6
2
7
2
3
2
125
80
282
13
75
35
7
4
9
3
4
4
130
93
275
20
81
48
a
3
37
1
13
1
4
1
74
6
3
1
65
6
3
2
112
80
217
7
75
35
5
41
1
8
5
41
1
8
Canada
Panama
9
4
98
95
1
4
15
95
8
4
89
95
1
4
15
95
1
9
Bermuda
Venezuela
Mexico
3
36
2
29
3
36
2
29
16
2
3
428
64
35
12
2
1
397
54
22
13
2
o
373
54
13
9
342
51
7
58
1
7
4
28
All industries
Manufacturing. . .
Chemicals & rubber products.
Primary & fabricated metals .
Machinery (excl. elec.)
Electrical machinery
Transportation equipment
Other manufacturing
Nonrnanufacturi ng
2
4
By country and area of affiliate:
Switzerland
Belgium
United Kingdom
Germany
France
Denmark
Australia
New Zealand
.
1. Defined as affiliates which purchased $5 million or more of U.S. exports for resale without
further manufacturing or which sold $5 million or more of U.S. exports on a commission basis.
2
3
55
3
55
1
22
1
22
3
30
1
7
NOTE.— Detail may not add to total because of rounding.
SOURCE: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
May 1969
in the area were involved in selling
U.S. exports to the extent of $5 million
or more. Five of these were based in
Mexico and collectively sold a little
over $40 million.
Of the $360 million of U.S. exports
sold by both manufacturing and distribution affiliates based in the rest of
the Western Hemisphere (excluding
Canada), over $150 million was resold
before shipment from the United States.
Although some of the $150 million
undoubtedly went to final customers
in this area, it appears on the basis of
partial data that a large part of it was
shipped to ultimate customers outside
the Western Hemisphere.
Europe—As tables 14C and 14D
show, sales of U.S. exports by the
European-based manufacturing affiliates covered in this study (about $350
million including sales on a commission
basis) were also less than comparable
sales by the European-based distribution affiliates for which data are available (about $690 million). All but $40
million of the $350 million was actually
shipped to the European countries in
which the affiliates responsible for the
sales were located; in contrast, the
$690 million includes at least $500 million sold before leaving the United
States and hence shipped directly from
the United States to countries other
than those in which the distribution
firms were based. In addition to the
$310 million and $190 million shipped
to Europe for sale by European manufacturing and distribution affiliates respectively, a significant portion of the
$540 million that was resold before
leaving the United States may also
have been shipped to Europe. Furthermore, a part of the reported $210 million of sales to non-European affiliates
for resale to customers in third countries
may have been shipped to Europe.
While about 325 of the more than
700 European manufacturing affiliates
studies were engaged in selling U.S.
exports and thus contributed to the
$350 million, only 19 of these were
involved to the extent of $5 million or
more each. The 19, predominantly
manufacturers of machinery and chemicals, together accounted for nearly half
the $350 million total and were based
mainly in the United Kingdom, Belgium,
and France.
Best of the world—Although approximately 145 of the remaining 334 foreign
manufacturing enterprises included in
this survey (those located in Africa,
Asia, and Oceania) sold some U.S.
exports, their combined sales amounted
to only about $130 million. Three
affiliates in Australia, two in South
Africa, and one in Japan, each of which
sold a minimum of $5 million, collectively accounted for about half of the
$130 million total.
The $130 million compares with a
little over $50 million of sales of U.S.
exports by distribution firms based in
this area. Among the latter, only one
each in Australia and New Zealand had
sales amounting to as much as $5 million (table 14C).
Apparently, only about $5 million of
the $180 million in sales by both manufacturing and distribution affiliates was
resold before shipment from the United
States.
Petroleum
affiliates
In addition to the sales of U.S. exports by manufacturing and distribution affiliates, about $155 million was
sold by U.S.-owned enterprises in the
petroleum industry and another $65
million by affiliates engaged in other
activities. A large part of the $155
million in sales by firms in the oil industry was accounted for by enterprises
belonging to a very small number of
parents.
Revised Estimates of Retail Sales, 1961-64
In March 1969, the Bureau of the Census updated the monthly seasonal factors
for sales of retail stores for the period starting January 1965. The following table
carries the revision of seasonally adjusted sales back to January 1961. Also presented
here are other series affected by this revision: total manufacturing and trade sales and
stock-sales ratios for retail stores and for manufacturing and trade combined. The new
seasonally adjusted series supersede those published in the November 1968 SURVEY;
the unadjusted data are unaffected.
The new seasonals for retail sales utilize the X-ll version of the Census Bureau's
Method II seasonal adjustment program.
51
Table I.—Manufacturing and Trade
and Retail Stock/Sales Ratios
Total
manufac
turing
and trade Total
Retail
Durable
Nondurable
1961
January
February . .
March
April
May _..
June
July
August
September
October
NovemberDecember
1.61
1.60
1.57
1.58
1.56
1.53
1.55
1.52
1.52
1.50
1.50
1.50
1.49
1.48
1.44
1.47
1.45
1.44
1.44
1.41
1.42
1.39
1.39
1.40
2.13
2.13
2.04
2.09
2.04
2.01
2.02
.92
.96
.87
.85
.86
1.20
1.20
1.17
1.20
1.19
1.18
1.18
1.18
1.19
1. 18
1.18
1.18
1962
January
February
March
April
May ...
June
July
August
September
October
November
December
1.50
1.51
1.50
1.50
1.51
1.53
1.53
1.52
1.52
1.52
1.50
1.53
1.39
1.40
1 38
1.38
1.38
1.41
1.39
1.39
1.39
1.38
1.37
1.39
.86
.85
.81
.83
.81
.85
.82
.82
.88
.79
.79
.82
1.17
1.19
1.18
1.18
1.18
1.20
1. 19
1.19
1.17
1.19
1.18
1.18
1.53
1.50
1.51
1.50
1.50
1.50
1.48
1.50
1.50
1.48
1.51
1.48
1.39
1.40
1.39
1.39
1.40
1.40
1.39
1.39
1.40
1.38
1.42
1.39
.78
.83
.82
.77
.79
.80
.78
.81
.80
.71
.82
.82
1.20
1.20
1.19
1.21
1.21
1.21
1.20
1.19
1.21
1.22
1.22
1.19
1.47
1.48
1.49
1.48
1.47
1.48
1.46
1.47
1.46
1.48
1.48
1.45
1.42
1.42
1.41
1.41
1.40
1.42
1.41
1.39
1.40
1.42
1.41
1.37
.85
.85
.89
.88
.85
.91
.89
.83
.82
.96
.90
.74
1.21
1.21
1.18
1.19
1.18
1.19
1.19
1.18
1.19
1.18
1.19
1.19
1.46
1.46
1.45
1.45
1.46
1.47
1.45
1.46
1.48
1.45
1.44
1.45
1.38
1.38
1.42
1.42
1.41
1.43
1.42
1.44
1.42
1.38
1.38
1.40
.77
.78
87
89
.90
92
.91
.97
94
88
83
82
1.19
1.17
1.20
1.19
1.17
1.19
1.18
1.18
1.16
1. 15
1.15
1.19
1966
January
February
March
April _.
May
June...
July
August.
September. .....
October
November
December
..
1.43
1.44
1.43
1.45
1.48
1.47
1.50
1.49
1.50
1.51
1.54
1.56
1.40
1.41
1.40
1.43
1.48
1.46
1.46
1.44
1.46
1.48
1.49
1.51
88
91
83
97
2. 12
2.07
2.07
1.96
2.01
2.07
2.10
2.10
1.16
1.17
1.17
1.17
1.18
1.18
1.18
1.19
1.19
1.20
1.20
1.23
1967
January
February
March
April. . .
May
June -.
July
August
SeptemberOctober
November. ..
December
1.57
1.59
1.59
1.59
1.59
1.57
1.59
1.57
1.57
1.59
1.57
1.56
1.49
1.50
1.48
1.48
1.47
1.44
1.46
1.45
1.44
1.48
1.48
1.48
2.09
2.15
2.08
2.05
2.02
1.95
1.99
1.97
1.91
2.05
2.05
2.05
1.20
1.21
1.20
1.21
1.21
1.20
1.21
1.21
1.21
1.21
1.22
1.21
... .
1963
January...
February
March
April
May
June
July
August.
September
October
November
December
1964
January
February
March __
April
May
June . .
July
August
September
October
November
December
_
.
_.
1965
January
February
March
April
May
June
July
August
September
October
November
December
._
.
SURVEY OF CURRENT BUSINESS
52
May 1969
Table 2.—Manufacturing and Trade and Retail Sales—Seasonally Adjusted
[Millions of dollars]
Automotive group
Manufacturing
and
trade
DuraRetail
ble
trade, goods
total stores,
total
Total
Passenger
cars,
other
automotive
dealers
Furniture
and
Tire,
battery, appliaccesance
group
sories
dealers
Lumber, building materials, hardware group
Lumberyards, HardTotal building ware
materials stores
dealers
Nondurable
goods
stores,
total
Apparel
group
General
Eating
merDepart- and
GasoDrug
Food ' chanment drink- line
and
Liquor
group dise in- stores
ing
service prop,
stores
cluding
places stations stores
nonstores
1961
January - .
58, 675
58,948
February
March .. ... . 59, 893
April
59, 468
May
60,216
61, 204
June
July.. .. .. 60,539
61, 996
August
September
62, 191
October
63, 002
November
63, 634
December
63, 975
17, 953
17,889
18, 078
17, 758
18, 025
18, 159
18, 145
18, 345
18,377
18, 708
18,840
18, 847
5,519
5,430
5,494
5,330
5,487
5,592
5,547
5,663
5,678
5,845
5,931
5,930
3,034
2,982
2,996
2,935
3,041
3,108
3,071
3,165
3,211
3,333
3,394
3,335
2,814
2,762
2,774
2,723
2,819
2,877
2,837
2,918
2,969
3,091
3,158
3,092
220
220
222
212
222
231
234
247
242
242
236
243
813
796
823
831
837
850
841
855
846
854
850
871
924
915
958
899
898
915
916
927
909
927
935
956
721
712
749
707
704
717
715
727
717
736
743
764
203
203
209
192
194
198
201
200
192
191
192
192
12, 434
12, 459
12, 584
12, 428
12, 538
12, 567
12, 598
12, 682
12, 699
12, 863
12,909
12, 917
1,105
1,116
1,149
1,092
1,122
1,128
1,134
1,142
1,125
1,169
1,170
1,142
4,403
4,424
4,434
4,432
4,451
4,441
4,444
4,471
4,489
4,510
4,499
4,519
2,382
2,397
2,452
2,372
2,447
2,467
2,473
2,491
2,517
2,563
2,569
2,590
1,286
1,278
1,299
1,284
1,278
1,277
1,281
1,289
1,305
1,315
1,340
1,336
1,393
1,392
1,397
1,395
1,410
1,420
1,417
1,434
1,430
1,444
1,442
1,443
616
621
625
626
625
627
640
637
637
645
658
670
374
368
368
368
366
368
366
365
368
372
378
374
1962
January
February
March
April.
May
June
July
August
September ...
October
November
December.. . .
64, 347
64,348
65, 216
65, 274
65, 186
64, 810
65,025
65, 632
65,772
66, 218
67, 118
66, 012
19,009
19, Oil
19, 331
19, 436
19,568
19, 317
19, 623
19,745
19,804
20, 115
20,220
20,216
5,967
5,994
6,122
6,137
6,236
6,115
6,260
6,305
6,163
6,526
6,527
6,426
3,398
3,450
3,572
3,564
3,638
3,552
3,656
3,651
3,519
3,893
3,842
3,686
3,147
3,197
3,323
3,315
3,385
3,312
3,411
3,406
3,269
3,637
3,587
3,425
251
253
249
249
253
240
245
245
250
256
255
261
865
845
856
855
864
859
873
890
893
887
901
894
940
941
951
962
958
946
962
954
948
942
945
948
745
747
751
762
754
750
765
753
746
741
751
741
195 13, 042
194 13, 017
200 13, 209
200 13, 299
204 13, 332
196 13, 202
197 13, 363
201 13,440
202 13, 641
201 13, 589
194 13, 693
207 13,790
1,156
1,139
1,195
1,203
1,193
1,125
1,171
1,171
1,201
1,177
1,202
1,194
4,521
4,580
4,588
4,622
4,602
4,616
4,636
4,678
4,722
4,722
4,688
4,727
2,617
2,550
2,643
2,677
2,719
2,639
2,694
2,704
2,794
2,759
2,786
2,804
1,331
1,335
1,340
1,348
1,370
1,363
1,357
1,383
1,397
1,389
1,418
1,407
1,449
1,446
1,457
1,461
1,463
1,463
1,466
1,468
1,490
1,488
1,475
1,527
660
658
657
661
665
662
663
660
653
653
664
664
403
403
393
403
402
400
407
415
416
416
419
414
1963
January.- - February
March
April
May
June
July
August
September _ ..
October
November
December
66, 399
67, 563
67, 644
68,211
68,201
68,874
69, 986
69, 275
69, 584
70, 602
69,794
71, 122
20, 301
20, 148
20,309
20,397
20,268
20, 419
20,656
20,630
20, 579
20,937
20,701
21, 156
6,556
6,463
6,504
6,649
6,563
6,582
6,708
6,569
6,634
7,052
6,725
6,834
3,853
3,778
3,811
3,922
3,833
3,900
3,949
3,815
3,795
4,172
3,880
3,994
3,598
3,526
3,560
3,667
3,582
3,636
3,683
3,558
3,538
3,908
3,619
3,712
255
252
251
255
251
264
266
257
257
264
261
282
909
908
899
912
926
913
949
928
957
998
957
986
939
924
948
968
953
952
965
991
993
986
976
936
736
726
745
767
758
756
766
791
794
788
772
734
203
198
203
201
195
196
199
200
199
198
204
202
13, 745
13, 685
13, 805
13, 748
13, 705
13, 837
13,948
14,061
13, 945
13, 885
13, 976
14, 322
1,185
1,171
1,202
1,182
1,158
1,165
1,185
1,205
1,196
1,147
1,176
1,235
4,738
4,749
4,739
4,714
4,745
4,770
4,818
4,840
4,755
4,770
4,839
4,847
2,765
2,724
2,830
2,823
2,786
2,864
2,874
2,905
2,875
2,812
2,847
2,969
1,395
1,411
1,424
1,437
1,430
1,428
1,425
1,433
1,432
1,459
1,457
1,470
1,542
1,512
1,518
1,515
1,498
1,507
1,515
1,525
1,528
1,535
1,546
1,592
663
681
670
667
668
671
670
676
678
675
670
679
419
417
419
424
425
427
437
431
429
434
432
442
1964
January.
February
March
April
May
June
July
August
September October __
November
December
71,901
71, 662
71, 438
72, 562
73, 360
73, 244
74, 128
74,004
75,026
73, 874
74, 692
76, 983
21,046
21, 143
21,296
21, 472
21, 762
21, 779
21,887
22, 195
22,404
21,538
21, 740
22, 751
6,834
6,921
6,892
6,986
7,168
7,030
7,044
7,248
7,523
6,528
6,728
7,578
4,013
4,017
3,994
4,115
4,206
4,029
4,084
4,292
4,602
3,612
3,796
4,587
3,743
3,750
3,717
3,847
3,927
3,754
3,814
4,023
4,333
3,350
3,519
4,313
270
267
277
268
279
275
270
269
269
262
277
274
987
1, 031
1,050
1,062
1,053
1,081
1,061
1,058
1,045
1,070
1,064
1,095
943
966
941
931
963
988
966
943
970
983
984
976
744
766
749
740
760
779
758
735
756
769
756
755
199 14, 212
200 14, 222
192 14, 404
191 14,486
203 14, 594
209 14, 749
208 14, 843
208 14,947
214 14,881
214 15, 010
228 15, 012
221 15, 173
1,210
1,236
1,253
1,256
1,279
1,285
1,284
1,297
1,283
1,288
1,283
1,291
4,895
4,873
4,930
4,915
4,917
5,005
5,050
5,092
5,075
5,074
5,099
5,183
2,946
3,015
3,031
3,062
3,121
3,148
3,200
3,232
3,179
3,255
3,275
3,421
1,718
1,753
1,752
1,799
1,816
1,829
1,869
1,885
1,860
1,900
1,887
1,943
1,492
1,499
1, 513
1,515
1,504
1,546
1,536
1,552
1,551
1,564
1,572
1,580
1,556
1,544
1,562
1,567
1,574
1,592
1,604
1,611
1,616
1,628
1,636
1,662
683
668
685
692
705
711
715
717
728
720
713
716
435
436
444
441
446
449
452
456
455
456
461
463
January
February
March
April
May,
June
July.
August
September
O ctober _
November
December .
77, 241
77, 189
78, 818
79, 145
.. 79, 137
79, 477
80, 845
81, 270
80, 212
82, 109
83, 391
83,799
22, 918
23,063
22,834
23,026
23, 383
23,243
23, 622
23, 697
23, 760
24, 373
24, 667
24, 755
7,710
7,736
7,596
7,656
7,693
7,679
7,770
7,805
7,762
7,991
8,235
8,387
4,735
4,769
4,687
4,678
4,625
4,631
4,717
4,707
4,646
4,760
4,918
5,019
4,464
4,491
4,413
4,394
4,333
4,353
4,439
4,419
4,360
4,458
4,633
4,743
271
278
274
284
292
278
278
288
286
302
285
276
1,065
1,059
1,073
1,079
1,071
1,086
1,092
1,107
1,137
1,187
1,174
1,176
1,006
976
951
981
1,031
1,034
1,038
1,031
1,045
1,059
1,099
1,099
791
763
748
774
812
816
817
809
818
828
867
864
215
213
203
207
219
218
221
222
227
231
232
235
15,208
15, 327
15, 238
15, 370
15, 690
15,564
15, 852
15, 892
15,998
16, 382
16, 432
16, 368
1,285
1,276
1,262
1,260
1,299
1,273
1,298
1,292
1,338
1,333
1,376
1,367
5,108
5,172
5,147
5,192
5,260
5,273
5,340
5,358
5, 353
5,573
5,520
5,607
3,269
3,300
3,318
3,383
3,471
3,368
3,453
3, 537
3,587
3,639
3,742
3,831
1,980
1,984
1,975
1,998
2,056
1,991
2,059
2,095
2,118
2,139
2,194
2,195
1,611
1,626
1,615
1,646
1,677
1,663
1,695
1,699
1,714
1,728
1,741
1,769
1,667
1,685
1,677
1,686
1,707
1.718
1,726
1,734
1,736
1,754
1,767
1,754
730
738
744
744
745
748
763
772
786
799
800
801
453
465
452
466
470
469
474
470
478
483
488
487
1966
January.
February
March
April
May
June
July
August
September
October .
November
December
85, 197
85, 429
87, 031
86, 437
86, 151
87, 680
86, 746
87,926
88,441
88, 877
87, 929
87, 910
24, 919
24,993
25, 430
25, 084
24, 653
25, 222
25,328
25, 615
25,667
25, 557
25,566
25, 384
8,202
8,181
8,588
8,093
7,701
8,040
8,056
8,368
8,336
8,239
8,262
8,255
4,841
4,874
5,183
4,767
4,457
4,748
4,755
4,956
4,974
4,878
4,874
4,838
4,540
4,566
4,855
4,453
4,148
4,425
4,415
4,618
4,633
4,541
4,537
4,495
301
308
328
314
309
323
340
338
341
337
337
343
1,166
1,167
1,200
1, 175
1,167
1,195
1,227
1,263
1,234
1,245
1,242
1,235
1,126
1,098
1,140
1,057
1,024
1,040
1,029
1,046
1,020
1,011
1,024
1,005
891
861
902
835
794
811
800
812
787
778
788
765
235
237
238
222
230
229
229
234
233
233
236
240
16, 717
16, 812
16,842
16, 991
16, 952
17, 182
17, 272
17, 247
17, 331
17, 318
17,304
17, 129
1,376
1,421
1,403
1,415
1,413
1,439
1,445
1,480
1,466
1,469
1,466
1,421
5,595
5,636
5,654
5,695
5,670
5,671
5,681
5,679
5,711
5,707
5,678
5,627
3,683
3,713
3,755
3,781
3,786
3,897
3,919
3,935
3,933
3,974
4,076
4,142
2,218
2,252
2,253
2,258
2,271
2,336
2,338
2,320
2,340
2,363
2,387
2,352
1,766
1,787
1,809
1,815
1,811
1,848
1,864
1,858
1,864
1,870
1,872
1,906
1,813
1,798
1,806
1,810
1,810
1,811
1,811
1,812
1,828
1,833
1,831
1,832
798
801
809
822
821
832
834
832
843
848
855
866
496
498
492
512
498
508
498
504
512
508
513
518
1967
January
February
March
April
May
June
July
August .
September
October
November
December
88, 078
87, 323
87, 632
87,656
88, 016
89, 184
88, 508
89, 967
90,113
89,072
90,770
92, 147
25,828
25, 478
25,758
25,940
25,966
26,488
26, 325
26,298
26, 899
26, 129
26,396
26,545
8,300
7,975
8,146
8,253
8,306
8,574
8,456
8,406
8,908
8,225
8,324
8,498
4,785
4,490
4,710
4,843
4,860
5,094
5,021
4,961
5,401
4,702
4,783
4,837
4,445
4,146
4,364
4,492
4,513
4,735
4,665
4,604
5,033
4,325
4,396
4,468
340
344
346
351
347
359
356
357
368
377
387
369
1,255
1,263
1,242
1,267
1,274
1,277
1,226
1,257
1,293
1,284
1,298
1,326
1,060
1,046
1,037
1,039
1,040
1,041
1,057
1,054
1,071
1,075
1,067
1,110
817
803
796
795
801
795
812
812
831
836
832
868
243
243
241
244
239
246
245
242
240
239
235
242
17, 528
17, 503
17, 612
17,687
17, 660
17, 914
17, 869
17,892
17, 991
17,904
18, 072
18,047
1,487
1,465
1,499
1,537
1,497
1,520
1,512
1,538
1,548
1,494
1,523
1,508
5,709
5,705
5,709
5,750
5,710
5,765
5,760
5,771
5,795
5,818
5,841
5,922
3,928
3,905
3,988
3,990
4,076
4,188
4,108
4,186
4,196
4,264
4,443
4,341
2,380
2,343
2,388
2,395
2,448
2,510
2,457
2,480
2,507
2,499
2,513
2,546
1,921
1,904
1,919
1,924
1,926
1,944
1,950
1,972
1,986
1,990
2,016
2,025
1,837
1,858
1,860
1,871
1,881
1,921
1,909
1,893
1,924
1,917
1,947
1,933
868
872
880
887
888
902
892
901
896
902
911
923
526
529
537
529
530
535
523
539
540
541
542
540
1965
U.S. GOVERNMENT PRINTING OFFICE : 1969 O - 348-322
CURRENT BUSINESS STATISTICS
J_HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967 | 1968
1966
I
II
1967
III
IV
Annual total
I
| III
II
1969
1968
IV
I
II
III
IV
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $
747.6
789.7
860.6
728.4
740.4
753.3
768.2
772.2
780.2
795.3
811.0
831.2
852.9
871.0
887.4
'903.3
Personal consumption expenditures, total
do
465.5
492.2
533.8
457.8
461.1
469.3
473.7
480.9
490 3
495.5
502.2
519.4
527.9
541.1
546.8
' 557. 4
Durable goods, total9
Automobiles and parts
Furniture and household equipment
do
_do
do___
70.5
30.4
29.8
72.6
30.4
31.4
82.5
36.6
34.3
71.6
31.8
29.3
68.2
28.9
29.0
71.0
30.3
30.4
71.1
30.5
30.4
69.8
28.1
31.1
73.4
31.2
31.2
73.1
31.0
31.4
74.2
31.4
31.8
79.0
34.6
33.3
81.0
35.4
33.9
85.1
38.1
35.4
85.1
38.2
34.5
"86.8
'38.2
35.4
do
do
do
do
206 7
39.8
106 4
16.6
215.8
42.1
109.4
18.1
230 3
45.8
116 6
19.8
202 8
39.2
105 1
16.0
206 3
39.4
106 8
16 4
208 3
40.5
107 0
16.7
209 3
40.3
106 9
17.1
212 9
40.9
108 7
17.7
215 3
42.4
108 9
17 8
216 4
42.8
109 1
18.3
218 4
42.3
110 8
18 6
226 5
44.6
113 6
19 7
228 2
44.8
116 4
19 4
232.7
47.2
117.7
20.0
233 7
46.7
118 6
20 0
r
do
_ _ _ .do
do
do
188.3
27.1
67 3
13.6
203.8
29.0
70 9
15.0
221.0
31.2
76 2
16.6
183.4
26.2
66 0
13.3
186 7
26.9
66 8
13 6
190.0
27.5
67 6
13.6
193.3
27.8
68 8
13 8
198 2
28.1
69 7
14.7
201 6
28.7
70 4
14 8
205.9
29.2
71 2
15 1
209 6
29.9
72 2
15 5
213 9
30.3
74 0
16 2
218 7
31.0
75 4
16 3
223.4
31.5
76.9
16.8
228 0
31 9
78 6
17 1
*• 232. 5
32.5
80 3
17.5
120.8
114.3
127.7
116.8
121.0
119.9
125.7
113.0
107.6
114.7
121.8
119.7
127.3
127.1
136 6
' 139. 0
do
do
do
do
do
do
do
... .do
106.1
81.3
28 5
52.8
24.8
24 3
14.7
14.9
108 2
83.6
27 9
55 7
24.6
24 0
6.1
5.6
119 9
90 0
29 2
60 8
29.9
29 3
7 7
7.3
105 9
78.6
28 6
50 0
27.3
26 8
10 9
10.7
105 6
79 8
28 1
51 7
25.8
25 2
15 4
15.4
107 0
82.6
28 9
53 7
24.4
23 9
12 8
13.3
105 9
84 2
28 2
55 9
21.7
21 1
19 8
20 2
104 6
83.5
29 0
54 5
21.1
20 5
8 4
105
82
27
55
22
22
2
2
4
7
2
5
7
1
3
2
109 3
83.3
27 7
55 6
26.0
25 4
53
4 8
113 5
85 0
27 7
57 3
28 5
27 9
83
117 6
88 6
29 6
59 0
29.1
28 5
2 1
7.1
1.6
116 5
87.0
28 5
58.5
29.5
28 9
10.8
10.4
119 6
90.1
28 8
61 3
29.5
28 9
7 5
7 3
126 0
94 3
29 9
64 5
31 6
31 0
10 6
9 7
Net exports of goods and services. _.
do
Exports
_
do
Imports.
_ . _ _ do
5.1
43 1
38.1
4.8
45 8
41.0
2 0
50 0
48.1
6 0
42 1
36 1
43 6
39.1
4.5
4 5
44 2
39 7
5 2
45 5
40 3
51
45 5
40 4
5 4
46 1
40 6
34
46 0
42 6
15
47 5
46 0
2.0
42 6
37 3
49 9
47.9
33
59 g
49 4
10
50 1
49 1
Govt. purchases of goods and services, total. .do
Federal
do
National defense
do
State and local
do
156.2
77 4
60 6
78 8
178.4
90 6
72 4
87 8
197.2
100 0
78 9
97 2
147.8
72 5
55 3
75 3
153.1
75 6
58 6
77 4
159.5
79 9
63 0
79 7
164.3
81 5
65 4
82 7
173.1
87 4
70 0
85 8
177.3
90 0
72 1
87 2
179.6
91 3
72 9
88 4
183.5
93 5
74 6
90 0
190.5
97 1
76 8
93 4
195.7
100 0
79 0
95 6
199.6
101 2
79 6
98 4
203.0
101 7
80 0
1ft1 9
' 206. 9
T 102 4
r 80 2
r 104 5
By major type of product: f
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services, _
Structures
do
do
do
. . . do
do
do
732 8
367.5
145 7
221.8
288 0
77 3
783 6
390.8
156 4
234 5
314 8
77 9
852 9
423.1
172 2
250 9
342 7
87 1
717 5
360.5
143 3
217 3
277 5
79 5
725 0
362.6
142 2
220 4
284 7
77 7
740 4
371.0
147 3
223 7
292 3
77 2
748 4
375.3
150 2
225 1
298 1
74 9
763 8
381.5
151 1
230 4
306 3
76 1
778 0
391.8
157 1
234 7
310 9
75 3
789 9
393.6
157 3
236 2
317 5
78 8
802 7
396.5
159 9
236 6
324 7
81 5
829 1
412.8
166 7
246 1
330 4
842 1
417.6
169 1
248.5
339 2
85 4
863 5
429.5
175 1
254 4
347 6
86 4
C7« o
r g9Q 3
432.4
441.9
183 6
258 3
359 6
94 8
do
do
do
14.7
10 2
4 5
6.1
30
31
7.7
4 6
32
10.9
7 6
33
15.4
9 9
5 5
12.8
10 5
2 4
19.8
13 6
6 3
8.4
33
50
2.3
g
17
5.3
38
16
8.3
4 2
4 1
2.1
15
10.8
6 2
4 6
7.5
4 9
2 5
10.6
Gross national product, total f
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
-
__
Services, total 9
Household operation. _._
Housing
Transportation
Gross private domestic investment, total
Fixed investment
Nonresidential
_ _.
Structures
Producers' durable equipment
Residential structures. . _ _ ^ _ _ _ _
Nonfarm
Change in business inventories..Nonfarm
_.
Change in business inventories
Durable goods
Nondurable goods.
_____
do. _
_ _
5.2
8.3
ss's
g
1 77 ft
254 6
OKO 7
Qrt 7
5
5
r
r
238. 1
'47.3
120. 8
r
20. 9
132 1
99. 6
rr 32 2
67 4
r
32. 5
r
r 31 g
T
6 9
'6.2
o
T 46 6
r
46 6
(\
'6.9
39
30
'723.5
C
GNP in constant (1958) dollars
Gross national product, total t
bil. $_.
657.1
673.1
706.7
648.6
653.3
659.5
687.1
665.7
669. 2
675.6
681.8
692.7
703.4
712.3
718.4
417.8
430.5
450 9
415 7
414 8
420 0
420 6
424 8
431 2
431 8
434 1
444 9
447.5
455 7
AfiK
do
do
do
71 3
186 9
159 5
72 4
191 1
167 0
80 1
197 1
173 7
72 9
185 5
157 3
69 2
186 9
158 7
71 8
187 8
160 4
71 4
187 5
161 7
70 1
190 3
164 4
73 7
191 6
165 9
72 6
191 1
168 1
73 0
191 6
169 5
77 3
196 5
171 0
78,9
196 1
172 6
82 5
198 5
174 8
m
do
108.8
99.5
106.9
106.1
109.5
107.4
112.3
99.8
94.2
99.3
104.7
101.5
107.3
105.8
113.1
do
do
do
do
94 9
73 8
21 1
13.9
93 6
73 7
19 9
5.9
99 8
76 8
23 1
7.1
95 8
72 2
23 6
10.3
94 7
72 7
22 0
14.7
95 5
74 8
20 7
12.0
93 7
75 4
18 2
18.6
91 8
74 2
17 6
8.0
92 0
73 3
18 7
2.3
94 0
73 2
20 8
5.2
96 7
74 0
22 7
8.0
99 5
76 5
23 o
2.0
97 4
74.5
22.9
9.9
99 0
76 6
22 4
6.8
do
4.0
2.4
-.3
5.3
4.3
3.6
2.9
3.0
2.8
3.1
1.0
-.1
-.6
.7
149.2
126.5 140.7
121.5
124.7
79 3
65 2
74 8
64 0
61 8
61.3
65.9
70*. 0
59.6
60.7
r
Revised.
* Preliminary.
f Revised series. Estimates of national income and product
and personal income have been revised back to 1965 (see p. 19 ff, of the July 1968 SURVEY for
128.5
66 9
61.6
131.3
67 9
63.4
138.1
72 7
141.0
75 1
fifi.O
141.4
75 6
65.8
142.0
75 6
66.4
146.5
78 1
68.4
149.2
80 1
69.1
150.1
Personal consumption expenditures, total __ .do
Durable goods
Nondurable goods
Services
Gross private domestic investment, total
Fixed investment. _ _
_ _
Nonresidential.
Residential structures
Change in business inventories
Net exports of goods and services
Govt. purchases of goods and services, totaL.do
Federal
_
do
State and local
_ do
348-322 O - 69 - 4
65.4
7Q 1
70 fi
A
ftl 7
460 1
82 9
1QQ A
t
177 8
113.1
if)7 n
90
Q
9.6
OQ
A
00
Q
6.1
-1.3
-2.3
151.2
79.3
71 e
152.5
79. 9
data beginning 1965); revisions prior to May 1967 for personal income appear on p. 28 ff. of the
July 1968 SURVEY.
9 Includes data not shown separately.
s-1
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
Annual total
II
III
IV
I
II
1969
1968
1967
1966
1967 | 1968
May 1969
III
IV
I
II
III
rv
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalf
bil $
Compensation of employees total
do
Wages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons
435.6
652. 9
468.2
712.8
513.6
615.1
430.8
626.7
441.4
637.3
638.6
449.7
456.7
645.1
656.9
670. 9
688.1
705.4
722.5
735.1 p 748. 7
461.8
471.5
482. 7
496. 8
507.1
519.7
530.7
' 545. 2
436.4
346.0
17.1
73.3
46.2
448.3
355.7
17.5
75.2
48.4
457.6
362.8
17.8
77.0
49.4
469.0
370.9
18.9
79.1
50.7
479.0
379.2
18.8
81.1
51.7
' 490. 8
r 389. 4
18.8
82.6
54.4
do
do
do
do
do
394. 6
316.9
14.6
63.1
41.1
423. 4
337.1
16.3
70.0
44.8
463.5
367.2
18.3
78.1
50.1
390. 2
314.0
14.2
62.1
40.5
391). 8
320. 8
14. 9
64.1
41.5
407.2
326. 0
15.5
65.7
42. 5
413.3
330.2
15.8
67.2
43.4
417.6
332.8
15. 9
68.8
44.2
426.3
339. 4
16.1
70.8
45.2
do
do
do
do
60.7
44.8
15. 9
1!) 8
60.7
46.3
14.4
20. 3
62.9
47.8
15.1
21.0
60.8
44.7
16.1
If*. 7
60.2
44.7
15.5
1!). 9
60.2
45.2
15.1
20.0
60.1
45.7
14.4
20.1
60.5
46.1
14.4
20.2
61.2
46.6
14.6
20.4
61.1
46.8
14.3
20.5
61.8
47.2
14.6
20.7
62.6
47.8
14.8
20.9
63.4
48.0
15.4
21.0
63.7
48.2
15.5
21.2
'63.6
'48.3
15.2
21.4
83. 9
80.4
89.1
83.4
84.2
85.3
79. 5
79.6
80.2
82.3
83.8
89.2
91.6
91.8
p 90.1
10.2
73.7
42.8
18.8
<?
4 1
10.3
70.1
39.2
18.0
21 9
11.5
77.6
44.5
19.8
24.7
10.2
73.2
42. 6
18.8
23.8
10.4
73.8
42.7
19. 0
23.6
10.4
74.9
43.3
18.8
24.5
10.3
69. 2
39. 3
18.3
21.0
10.2
69.5
39.1
17.9
21.2
10.3
69. 9
38.5
17.9
20.6
10.6
71.7
39. 9
18.0
21.9
11.0
72.9
41.3
19.0
22.3
11.2
77.9
44.9
19.7
25.2
11.9
79.7
45.3
20.3
25.0
11.8
80.0
46.5
20.2
26.3
p 12.3
p 77.8
1'' 0
18.8
11.8
19.0
12.6
20.6
12.1
18.5
12.1
19. 0
12.0
19. 6
11.7
18.1
11.8
18.6
12.0
19.4
11.9
20.0
12.5
19.0
12.5
20.6
13.0
21.4
12.3
21.3
85.6
34.6
51.0
•>i 7
29 3
-1.7
20.8
81.6
33.5
48.1
22 9
25. 2
-1.2
23.3
92.3
41.3
51.0
24.6
26 3
-3.1
26.3
85.6
34.6
51.0
21. 9
29. 1
—2 2
20.' 4
86.7
35.0
51.6
21. 9
21.' 1
85.0
34.4
50.7
21.6
29. 1
.3
22.0
79. 9
32.8
47.1
22.5
24.6
-.4
22.2
80.3
33.0
47.3
23.2
24.1
—. 7
22. 9
80.8
33.2
47.6
23.5
24.1
-.6
23. 6
85.4
35.1
50.3
22.5
27.!)
-3.1
24.3
88.9
3!). 8
49.1
23.6
25.5
-5.1
25.0
91.8
41.1
50.7
24.4
26.3
-2.7
25.8
92.7
41.5
51.2
25.2
26.0
-1.0
26.7
95.7
42.8
52.8
25.4
27.5
-3.8
27.6
p 96.0
p 43.0
p 53.0
25.4
p 27.7
-5.9
'28.4
bil. $._
do
do
do
do
586.8
75.3
511.6
478.6
32 9
628.8
82.5
546.3
506. 2
40.2
685.8
96.9
589.0
548. 2
40.7
580. 3
74.7
505. 5
474. 2
31.4
592. 1
76.8
515. 4
482.5
32. 9
604. 5
79.2
525. 4
487.3
38.1
614.8
80.5
534. 2
494. 6
39.7
621.6
80.1
541.5
504. 5
37.0
633.7
83.6
550. 0
5(W. 5
40.5
645.2
85.6
559. 6
516. 1
43.4
662.7
88.3
574.4
533.5
40.8
678.1
91.9
586.3
542.3
44.0
694.3
101.6
592.7
555.6
37.1
708.2
105.8
602.4
561.6
40.9
' 721. 7
'112.5
' 609. 2
' 572. 3
' 36. 9
bil. $
do
do
do
60.63
26.99
13.99
13.00
61.66
26.69
13.70
13.00
64.08
26.44
13.51
12. 93
15.29
6.78
3.51
3.27
15.57
6.84
3.54
3.30
17.00
7.75
4.07
3.68
13.59
6.10
3.08
3.02
15.61
6.81
3.46
3.34
15.40
6.48
3.33
3.15
17.05
7.30
3.82
3.48
14.25
5.79
2.96
2.82
15.86
6.50
3.22
3.28
16.02
6.63
3.37
3.25
17.95
7.52
3.95
3.57
i 15. 82 2 17. 90
7.51
6.50
3.33
3.78
3.73
3.17
1.47
1.98
3.44
8,41
5.62
12 74
1.42
1.53
3.88
9.88
5.91
12.34
1.42
1.34
4.31
11.54
6.36
12. 67
.40
.55
1.00
2.09
1.42
3.06
.37
.48
.82
2.36
1.36
3.33
.38
.55
.86
2.36
1.58
3. 52
.32
.41
.70
1.84
1.35
2.87
.34
.41
1.12
2.46
1.49
2.99
.37
.35
.98
2.66
1.46
3.09
.39
.36
1.07
2.92
1.62
3.39
.36
.37
.98
2.33
1.48
2.93
.36
.36
1.04
2.97
1.51
3.11
.34
.30
1.12
2.96
1.50
3.18
.35
.30
1.18
3.28
1.86
3.46
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing total
do
Nondurable ^oods industries
do
Durable goods industries
do
Transportation', communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
620. 8
do
do
do
do
do
do
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less: Personal tax and nontax payments
Equnls' Disposable personal income
Less: Personal outlays©
Equals* Personal savings
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
__
Manufacturing
Durable goods industries^
Nondurable goods industries^
Mining..
__ _ _
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other
do
. do
do
do
do
do
Seas. adj. qtrly. totals at annual rates:
All industries .
Manufacturing
Durable goods industries'!
Nondurable goods industries!
do
do
do
do
60.10
20. 80
13. 85
12.95
61.25
27. 55
14.35
13.20
62. 80
27.75
14.50
13. 25
61.65
27. 85
14.20
13.70
61.50
27.00
13.75
13.25
60.90
26.15
13.50
12. 65
62.70
26.00
13.50
12.55
64.75
26.35
13.65
12.70
62.60
25.80
12. 80
13.00
63.20
26.65
13.65
13.05
65.90
26.85
13.90
12.95
Mining
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other
do_
do
do
do
do
do
1.55
2.00
3 50
8.30
5. 50
12.45
1.45
1.85
3.40
8.55
5.60
12. 85
1.45
2.35
3.50
8.50
5.95
13.30
1.40
1.80
3.05
9.20
5.75
12. 55
1.30
1.55
3.90
9.70
5.80
12. 25
1.45
1.40
4.10
9.80
6.05
11.95
1.50
1.40
4.45
10.65
6.05
12.65
1.55
1.65
4.35
11.60
6.35
12. 85
1.40
1.40
3.65
11.65
5.90
12.80
1.35
1. 20
4.60
10.90
6.15
12. 35
1.35
1.15
4.80
12.00
6.95
12.75
10,645
7,179
219
1,537
1,710
10,912
7,369
205
1,589
1,749
11,059
7,440
205
1,648
1,766
11,371
7,661
335
1,594
1,781
11,377
7,703
336
1.556
1,782
11,513
7,626
245
1, 827
1,815
11,496
7,478
323
1,882
1, 813
U.S.
.38
.34
1.10
2.73
.41
.42
1.14
3.42
34.77
35.01
i 71. 65 270.85
29.95
29.50
15.15
15.30
14.80
14.20
1.65
1.45
5.00
13.40
1.60
1.60
4.05
13.35
3 20. 70
3 20. 35
BALANCE OF INTERNATIONAL
PAYMENTS^
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl. military
do
Transfers under military sales contracts
do
Income on U S investments abroad
do
Other services
do
43, 144
* 29, 174
829
6,252
6,887
45, 757 P50, 202
' 30, 463 p' 33, 373
1,239 p 1,424
6,859
7, 687
7,191 P 7, 715
11, 850 12, 607 13, 282 P12, 463
' 7, 881 ' 8, 335 ' 8, 824 ' 8, 333 p 7,376
403
p 355
360
306
2,054 p 1,944
1,741
1,948
1,920
1, 990 p 1, 916
1, 889
I mports of goods and services
do
-38,063 -40, 988 P-48,235 -9,336 -9,778 -9, 929 -10,078 -10,108 -10,154 -10,648 -11,552 -11,985 1-12,428 1 P-l 2,270
Merchandise, adjusted, excl. military
do
'- 25,539 '-26,983 pp-33,273 -6.263 -6,567 -6,675 -6,686 -6,605 -6,541 -7, 159 '-7,882 '-8,207 -•-8,637 '-8,547 p~7,~679~
-979 -1,072 -1,065 -1,098 -1,104 -1,110 -1,123 -1,145 lp-1,183
-962
Military expenditures
do
-3.736 -4,339 -4, 561 -923
-703
-740 1 p-702
-659
-598
-575
-560
-560
-556
-563
-2, 074 -2,293 p-2,804 -479
Income on foreign investments in the U.S. -do
Other services
do
-6,712 -7,365 P-7,597 -1,671 -1,693 -1,712 - 1 , 760 -1,878 -1,940 -1,787 — 1, 904 -1,824 -1,951 ;p-l,918
Unilateral transfers, net (excl. military grants);
-749 p-771
-713
-642
-641
-845
-859
-730
-647
-701
transfers to foreigners (— )
mil. $.._ -2,925 -3,075 P-2,875 -732
r
0P(,rsonal o utlays c()in prise personal cons tun i >tion exi)enditure s, intere st paid by con
Revised.
» Preliminary.
« Corrected.
,o
foreign
ers.
yments
ansfer
pa
rsonal
tr
sumer s, and pe
i Estimates for Jan.-Mar. 1969 based on anticipate 1 capital € xpenditu res of bu siness.
2
5Pei sonal sa ring is ex cess of d] sposable income <)ver pers onal out' ays.
Estimates for Apr.-June 1969 based on anticipated cap tal expen ditures of busin ess.
iiDa ta for in dividual durable and non durable £?oods iiK ustries componei ts appear in the
Anticipated expenditures for the year 1969 are as fc Hows (in bil. $): 1Lll indu? tries. 72 .96;
Mar., June, Sejit., and - 3ec. issu 3s of the SURVEY.
manufacturing, total, 30.65; durable goods industn es, 15.48; nondural ile goods industr res,
cfM ore conif-)lete deta Isaregiv en in the quarterl y review,5 in the \ [ar., Jun<3, Sept., and Dec.
15.17; mining, 1.60; railroad, 1.73; transportation,
4.83 • public u tili ties, 13 .16; comi nunicati on,
3
issues of the SiJRVEY. Flevised d ata back to 1960 appear on p. 32 fl . of the J une 1968 issue.
7.44; commercial and other, 13.56.
Includes corm nunication.
jSee corresponding note on p. S-l.
9 Includes i nventory valuation adjustm snt.
SURVEY OF CURRENT BUSINESS
May 1969
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1966
1968
II
Annual total
III
S-3
1967
IV
I
II
1968
III
IV
II
I
1969
III
I
IV
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OP INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase
(-)
mil. $ .-4, 298 -5,505 *-4,861 -1,114 '-1,010 -1,163 -975 -1,104 -1,788 -1,638
Transactions in U.S. Govt. assets, excl. official
-572
-630
-1, 535 -2,411 p-2,262 -496
-330
-347
-501
-708
reserve assets; increase ( — )
mil. $
Transactions in U.S. official reserve assets, net;
82
1,027
-419
-181
568
52
P-880
68
-6
-375
increase ( — )
mil $
Transactions in foreign assets in the U.S., net (U.S.
2,143
2,276
3,323
6,705
*
9,106
1,110
594
1,135
343
1,943
liabilities) increase (+)
mil $
1,923
789
3,519
» 722
25
219
339
-522
941
1,177
Liquid assets
do
1,202
353
2,534
3,186 * 8, 384 1,085
375
796
865
766
Other assets
.
__
do _
-535
P-195 -145
231
-102
-34
-214
-250
-458
207
Errors and omissions net
do
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
-93
-301
-802 -1,742
-1, 357 -3,571
-333
-505
-522
all foreigners; decrease ( — )
_
mil. $
'156
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
692
-116
99 -1,764
247 -1,082
official agencies; decrease (— )
mil. $
266 -3,405 ' 1,639
-806
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
-1,448
-788
-645
-1,798 p-908
904
-137
-571 "-1,076
1,211
-199
1,410
-276
2,804
319
2,485
-483
2,349 * 2, 742
516
P 86
1,833 v 2,656
419
v 145
'-602
'-71
'-23
'852 p- 1,778
'-423 '1,518
'239
'305
-504
J>-325
Apr.
May
June
July
p 1, 126
1969
1968
Mar.
Annual
-707
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE t
Seasonally adjusted, at annual rates: t
Total personal income
628 8
685 8
670 0
672.6
678.2
683 7
689 2
694 1
699 7
703 2
708 0
713.5
716.1 ' 721. 2 ' 727. 7
730.5
423.4
166.6
134.1
100.5
463.5
180.6
145.4
109.4
452.2
177.0
142.2
106.5
453.2
176.7
141.6
106.9
457.5
179.3
144.3
107.4
462.2
179.9
145.6
109.7
465.4
180.6
146.0
109.9
468.7
181.1
146.3
111.2
472.8
183.3
147.8
112.1
474.9
184.7
148.8
112.1
478 9
186.1
149.7
113.3
483.3
188.5
151.1
113.2
486.5
189.2
151.9
114.8
490.4
190.4
151.8
116.0
' 495. 7
' 193. 3
'154.6
' 117. 1
497.4
193.6
154.7
117.7
do
do
do
70.0
86 3
23.3
77.2
96 3
26.1
75.2
93 4
25.2
75.5
94.2
25.5
76.1
94.7
25.7
77.0
95.5
26.0
77.5
97 4
26.3
78.2
98 2
26.5
78.8
98.6
26.8
79.1
99.0
27.0
79.8
99 g
27 3
80.7
100.9
27.6
81.6
100.8
27.8
82.6
101.4
28.0
'83.3
102.0
28.3
83.6
102.5
28.5
do
do
46.3
14.4
47.8
15.1
47.5
14.8
47.6
14.8
47.8
14.8
47.9
14.8
48.0
15.1
48.0
15.4
48.0
15.7
48.1
15.6
48.2
15 5
48.3
15.5
48.4
15.4
48.4
15.2
'48.3
15.1
48.4
15.1
20.3
22 9
46 8
51.7
21.0
24 6
52 1
58.6
20.7
23 9
50 2
57.8
20.8
24 3
50.8
58.1
20.9
24 7
51.3
58.2
20.9
24 3
51.9
58.5
21.0
25 0
52 4
59.1
21.0
25 2
52.9
59.6
21.1
25.3
53.4
59.9
21.2
25.3
54.0
60.4
21
25
54
60
21.3
25.5
54.7
61.0
21.3
25.3
55.1
61.7
21.4
25 4
' 55.5
62.4
21.5
25. 5
'56.1
'62.9
21.5
25.6
56.5
63.4
25.4
25.5
'25.6
bil. $
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries. __ _
do
Service industries
Government
Other labor income
_.
Proprietors' income:
Business and professional
Farm
.__ _
Rental income of persons
_
do
Dividends
do
Personal interest income
do
Transfer payments.
do
Less personal contributions for social insurance
bil. $..
Total nonagricultural income
do
2
4
3
8
20.4
22.9
22.4
22.6
22.8
22.9
23.1
23.2
23.3
23.4
23.5
23.5
609.3
665 4
649 9
652.4
658.0
663 4
668 7
673.3
678.6
682.2
687 0
692.5
695.1 '700.3 ' 707. 0
25.7
709.9
FARM INCOME AND MARKETINGS t
Cash receipts from farming, including Government
payments total J
mil $
45 867
47 550
3 044
2 964
3 015
3 166
3 767
4 774
5 235
5 654
4 994
4 146
3 754
3,160
3,403
42 788
18 383
24 405
5,770
14 630
3 640
44 065
18 424
25 641
5 981
15 499
3 828
2 870
854
2 016
505
1 191
287
2 846
812
2 034
512
1 218
268
2 981
835
2 146
541
1 287
282
3 148
1 189
1 959
523
1 110
299
3 613
1 522
2 091
494
1 255
323
3,676
1 488
2 188
483
1 333
355
4,070
1 744
2,326
477
4 957
2 745
2 212
485
1 351
'358
4,097
1 953
2,144
516
1 233
364
3,696
1,466
2,230
524
1 326
340
3,033
1 004
2 029
485
1 202
302
3,180
377
5,258
2 725
2,533
499
1 641
376
132
133
132
137
134
139
107
75
131
106
71
132
111
73
139
117
104
127
135
133
136
137
130
142
151
152
151
196
238
164
184
240
144
153
171
139
138
128
145
113
88
132
118
87
142
124
124
124
126
128
125
94
62
118
91
53
120
97
54
128
109
100
116
126
135
120
129
131
127
137
142
132
182
228
148
173
233
129
144
172
122
127
132
123
98
81
111
100
75
118
158.1
165.3
164.6
163.2
165.2
169.4
160.3
163.3
169. 5
170.7
169.1
166.3 ' 166. 5 ' 170. 1 ' 172. 4
159 7
163.7
154.6
123.8
184.9
166 8
169.8
163.0
126 4
202.1
166 4
170.5
161.2
125 3
165 1
169.4
159.8
127.3
167 4
172.1
161.6
128 6
171 6
175.4
167.0
128 9
160 4
164.1
155.7
127 1
163 0
160.5
166.3
130 7
170 7
170. 6
170.8
128 6
173 4
173.5
173.3
122 8
171 4
174.2
168.0
126 8
167 5
172.6
161.2
126.3
' 167. 0
'171.4
'161.4
' 124. 1
'
'
'
'
158 3
148.5
159.0
145.1
179.4
164 9
156 6
175 0
150.8
182.6
164 8
156 2
179 8
148.7
183.4
160.8
151.7
175.1
144.2
180.4
162 6
153 7
178 5
145.9
181.6
168 8
161 2
184 5
153 8
185.1
159 1
149 6
153 5
148 3
179.6
162 0
154 2
141 5
158.3
178.6
171 9
165 Q
178 5
161 9
184.6
172 6
167 5
192 7
159.5
183.6
169 2
161 7
191 2
152 3
185.4
165 6
155 8
181 5
147.6
186.6
' 166.6
' 158. 9
' 183. 9
' 150. 9
'183.1
' 169. 3 '
' 161. 6 '
' 185. 7 '
153.9
' 185. 9 '
Materials
do
157 8
165 4
165 7
164 5
167 6
Durable goods materials
do
151.9
158.8
162.4
157.8
157.7
Nondurable materials
do
163.9
173.7
171. 5
172.2
173. 0
'Revised.
p Preliminary.
§ See note marked "d"" on p. S-2.
t See corresponding
note on p. S-l.
J Series revised beginning 1960 (annual data for 1960-68 and monthly data
for 1965-68, for dollar figures only, now include Alaska and Hawaii); monthly data back to 1965
appear on p. 39 of the Jan. 1969 issue of the SURVEY.
169 9
164.8
m i
161 3
155.1
1fi7.fi
164 5
153.1
17fi. 3
167 5
157.4
169 0
158.9
179 3
169 5
159.6
179.fi
166 9 ' 166 4 ' 170 9 ' 173. 3
158.2 ' 157. 0 ' 162. 6 ' 165. 1
176.0 ' 176. 2 ' 179. 5 ' 181. 8
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total 9
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted: t
All commodities
1957-59—100
Crops.
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted: t
All commodities...
1957-59=100
Crops
^
do
Livestock and products. _
do
1 455
999
2,181
516
1 294
338
INDUSTRIAL PRODUCTION tf
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) tf ._ 1957-59 =100
By industry groupings:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
do
By market groupings:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
do
do
do
do
do
177 . Q
171. 6
175. 1
167. 2
124. 2
'
'
'
'
172.4
174 2
177. 9
169. 7
125. 6
174.2
177.8
169.7
129.1
171.6
163.4
188. 8
169.4
159.2
183
189. 3
191.4
175.0
168
183
d" Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY; those for Jan.-Aug. 1967 will
be shown later.
9 Includes data for items not shown separately.
May 1969
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
1969
1968
Mr.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.?
GENERAL BUSINESS INDICATORS—Continued
1
INDUSTRIAL PRODUCTION^ — Continued
Federal Reserve Index of Quantity Output— Con.
Seas, adj., total index (incl. utilities) d*. 1957-59 -100.
By industry groupings:
Manufacturing, total ...
do
Durable manufactures 9 _.
Primary metals
Iron and steel .Nonferrous metals and products
Fabricated metal products
Structural metal parts
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment 9. ._
Motor vehicles and parts
Aircraft and other equipment
' 171. 0
165.3
163.0
162.5
164.2
165.8
166.0
164.6
165.1
166.0
167.5
168.7
' 169. 1 ' 170. 0
166.8
164.6
163.7
165.8
167.3
167.4
165.7
166.4
167.8
169.1
170.2
' 170. 2 ' 171. 5 ' 172. 5
172.8
163.7
132.5
126.8
153.2
161.9
158.1
169.8
137.1
130.8
159.9
167.9
162.2
168.2
140.2
140.8
151.3
166.6
162.7
167.2
143.3
143.1
154.5
161.4
156.9
169.8
148.5
146.4
161.2
165.0
159.8
171.0
148.6
148.4
150.4
166.1
161.8
170.8
145.8
146.6
153.6
166.2
159.7
167.8
122.8
112.9
153.9
166.3
159.1
168.7
120.6
107.3
166.2
167.6
161.1
169.3
123.1
108.1
174.0
172.2
165.1
171.3
129.3
115.8
173.8
173.5
168.3
172.4
135.4
124.6
180.7
175.6
170.3
'173.0 '
' 139. 5 '
' 126. 8 '
' 179. 6 '
' 176. 4 '
170.1 '
174. 3
142. 8
133. 2
181. 4
177. 4
174. 5
' 175. 4
'146.0
137.6
184.4
' 178. 8
' 175. 8
175.7
147
141
do
183.4
do
183.4
do
183.3
do . . 165.7
do
146.5
do
182.1
184.3
181.0
188.5
179.5
171.4
185.0
183.3
180.2
187.3
177.6
167.8
185.4
179.4
176.9
182.8
175.3
164.8
183.5
179.9
176.6
184.2
180.4
173.6
185.4
181.7
178.8
185.5
182.6
174.2
188.6
182.7
179.8
186.5
183.2
174.3
189.3
183.8
179.1
190.1
181.7
175.4
185.7
186.4
182.6
191.4
180.5
173.5
184.7
186.1
183.7
189.3
180.4
177.0
181.0
187.4
184.4
191.4
180.2
177.7
179.6
188.6 ' 191. 8
185.3 ' 188. 3
193.0
196.4
176.4 ' 171.2
172.3 ' 167. 3
170.9
177.0
'
'
'
'
'
'
192. 7
189. 6
196. 9
173. 1
167. 7
174. 1
' 194. 0
189.7
' 199. 7
' 174. 0
' 167. 6
176.0
195
191
201
172
161
178
do
do
do
do
do
do
do
do
do
do
do
184.8
138.7
116.9
167.7
157.3
184.2
146.2
122.1
178.3
161.4
183.8
131.0
125.0
173.7
159.9
181.4
146.1
123.9
174.1
158.8
181.2
146.4
122.7
178.9
160.6
181.3
145.1
123.4
178.0
160.9
179.2
145.2
120.6
177.8
161.1
182.6
147.5
114.7
178.6
161.4
184.3
150.0
119.4
179.7
162.0
185.8
151.8
119.4
180.4
162.1
188.5
150.4
126.1
181.7
162.5
189.7
151.2
132.3
182.9
165.3
190.4 ' 192. 7
191.6
'156.2 ' 156. 7 ' 151. 4
' 122. 5 ' 126. 7 127.3
186.8 ' 186. 5 ' 188. 0
165.9
166.2
164.7
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
do
do
do
do
do
154.6
142.0
147.6
106.3
153.6
163.0
151.3
149.9
111.3
163.8
160.0
149.9
148.5
113.7
159.2
159.5
146.3
148.9
114.6
159.5
160.8
147.2
149.6
118.0
161.1
162.7
148.8
151.4
115.8
162. 9
163.0
150.9
150.4
107.0
164.1
163.0
151.4
149.0
109.5
164.1
163.6
152.0
149.9
109.3
166.1
165.9
153.3
152.1
113.0
166.7
166.3
155.1
152.5
111.7
170.1
167.4
153.5
149.2
109.2
169.9
'
'
'
'
'
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
do
do
do
do
do
146.8
134.2
203.8
236.0
133.4
149.5
136.1
221.6
261.7
139.6
146.8
133.7
215.0
252. 7
136.1
145.8
130.8
215.2
256.2
137.3
149.8
134.4
216.6
255.5
139.9
149.6
134.7
219.3
258.0
140.6
149.5
134.7
222.4
264.4
139.5
151.1
137.7
221.0
262.7
140.7
150.0
140.9
222.4
263.2
141.9
151.2
138.4
227.8
268.2
142.2
152.3
140.8
228.7
268.0
141.4
152.3
139.5
231.8
275.0
141.2
152.4 ' 152. 1 ' 152. 8
141.3
141.2
141.7
233.6
' 231. 3 ' 232. 3
272.5
' 273. 4
'131.0 ' 140. 2 143.9
Rubber and plastics products
Foods and beverages
Food manufactures.
__
Beverages
Tobacco products
do
do
do
do
do
193.5
132. 6
130.1
146.0
120.3
220.0
135.8
132.7
152.6
120.9
215.7
134.5
131.4
151.2
122.9
209.4
135.3
131.9
153.3
112.1
214.3
134.0
131.9
145.0
120.0
218.0
135.5
132.2
153.1
122.8
222.4
135.1
132.7
147.9
123.4
223.1
135.3
131.5
155.7
123. 1
223 .4
135.4
131.5
156.0
124.0
225.8
137.3
133.3
158.6
120.8
227.5
136.1
132.8
153.7
119.9
232.8
234.6 ' 230. 8
138.8 ' 139. 4 '140.9
134.6 ' 136. 1 ' 137. 2
157.4
160.9
161.6
121.2
119.5
113.6
Mining
Coal
Crude oil and natural gas
Crude oil
_.
Metal mining
Stone and earth minerals
do
do
do
do
do
do
123. 8
120.4
123.1
126.3
120.3
135.4
126.4
117.8
126.5
130.5
126.3
137.8
126.2
126.0
126.0
130.9
108.7
141.2
127.1
124.4
124.8
128.7
139.9
137.1
126.9
120.4
126.6
131.2
131.4
135.0
129.2
126.7
128.4
132.4
130.8
136.9
130.0
126.6
129.2
134.0
134.1
137.1
129.4
121.3
129.3
134.8
134.5
137.5
127.0
120.8
126.8
131.2
127.7
136.5
120.7
86.6
125.5
129.1
125.1
132.2
126.4
115.9
126.3
128.6
135.1
135.5
127.4
118.3
125.4
126.4
137.6
147.0
' 125. 8
115.3
' 123. 9
' 124. 0
140.2
143.5
Utilities. _
Electric
Gas
do
do
do _
184.9
191.8
163.0
202.1
211.3
198.0
206.4
171.8
196.5
204.9
170.0
196.1
205.0
168.4
197.9
207.0
169.2
199.3
208.2
171.3
202.1
211.5
172.6
204.8
214.7
208.9
219.3
206.9
216.0
210.1
219.9
' 215. 1 ' 214. 9
225.5
' 226. 1
do
do
do...
158.3
148.5
159.0
164.9
156.6
175.0
163.5
155.0
173.1
161.7
153.5
169.5
163.0
154.6
173.6
165.2
156.8
176.4
164.7
156.4
175.2
164.8
156.8
175.6
165.7
157.3
175.8
167.0
159.6
177.6
167.9
159.2
179.5
168.1 '168.2 ' 169. 6 ' 170. 5
160.1 ' 161. 0 ' 161. 9 ' 162. 3
179.1 ' 181. 0 ' 179. 3 ' 182. 2
do
do
do
do
do
do
149.1
145.7
153.6
166.0
159.6
159.6
174. 3
174.8
173.8
175.4
168.5
173.7
173.4
172.7
174.4
172.9
164.8
169.9
168.7
166.8
171.2
170.1
156.8
170.1
178.1
182.3
172.6
170.4
156.7
174.6
180.7
183.5
177.1
173.4
161.6
174.8
180.4
183.7
176.1
171.5
161.8
174.5
177.1
182.4
170.2
174.6
168.0
174.0
175.6
177.4
173.2
175.9
170.4
175.5
178.9
180.3
177.0
176.7
171.8
174.2
181.2
180.6
182.1
178.3
171.9
177.0
177.8
174.5
182.2
180.0
173.2
180.2
176.2
170.6
183.5
184.3
' 177. 7
184.3
Apparel and staples
do
Apparel, incl. knit goods and shoes.. do
Consumer staples
do
Processed foods..
.
do
145.1
136.2
147.6
130.0
150.8
139.5
154.0
132.6
149.2
140.3
151.7
131.3
148.3
139.9
150.7
131.2
148.6
139.5
151.2
131.0
150.6
140.8
153.4
132.2
150.4
139.4
153.5
132.9
150.7
139.8
153.9
132.5
151.5
139.6
154.9
132.5
153.9
142.3
157.1
133.2
152.8
142.0
155.8
132.0
154.1
138.7
158.4
134.7
156.4
'154.7
' 140. 8
140.8
' 158.6 '160.8
' 134. 8 ' 138. 2
Beverages and tobacco
do
Drugs, soap, and toiletries __ do
Newspapers, magazines, books. . .do
Consumer fuel and lighting
do_ .
137.4
182.7
140.1
168.9
141.9
193.4
143.3
182.9
141.7
187.5
142.1
179.4
139.4
186.1
142.1
177.3
136.6
190.0
145. 3
177.0
142.9
192.0
143.6
180.8
139.6
192.6
144.2
180.8
144.7
190.6
143.6
182.6
145.2
193.6
140.7
186.0
145.9
199.8
145.8
188.7
142.3
200.4
146.0
186.1
145.4
201.4
147.1
190.2
Equipment, including defense 9
do
Business equipment .
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment .do. _
Farm equipment
do
-
179.4
182.8
170.2
200.9
215.4
158. 7
182.6
184.7
168.1
205.2
234.3
181.8
183.3
167.0
205.4
227.8
150.6
179.4
180.9
165.9
204.4
220.8
140.3
181.1
182.5
165.8
203.6
231.5
145.1
183.2
184.3
168.0
204.6
234.0
144.2
182.6
183.4
167.5
202.4
234.3
139.6
181.9
182.4
164.7
204.6
233.2
145.8
183.6
185. 2
167.8
205.9
235.6
152.9
183.0
186.8
170.2
207.3
234.3
155.3
186.5
191.2
174.0
208.7
247.4
152.4
185.3
' 190. 0
174.9
205.3
247.2
134.0
do
do
do
do
do
157.8
151.9
143.9
184.5
139.6
165.7
157.8
164.2
185.1
145.8
162.8
156.7
160.1
185.1
145.8
163.1
157.1
154.6
181.9
144.4
165.2
159.4
163.0
183.6
145.3
166.7
160.4
166.2
184.8
145.6
167.4
150.8
167.7
185.8
143.7
164.2
153. 3
153.5
185.3
143.3
165.1
153.3
166.1
185.1
145.5
165.7
155.4
166.5
184.7
146.3
167.6
157.6
169.6
187.7
148.3
do
...do ._
do
do
163.9
152.9
148.5
155.1
173.7
157.4
156.7
157.7
169.1
150.1
142.8
153.8
169.3
152.0
150.9
152.6
171.2
154.5
155.6
154.0
173.9
159.0
158.9
159.0
175.3
157.9
156.0
158.8
175.5
158.4
154.2
160.5
177.2
161.1
163.4
160.0
176.4
162.3
167.4
159.8
144.3
129.2
183.3
151.5
132.7
150.8
134.3
193.6
150.2
132.6
194.6
151.7
133.7
197.0
153.2
136.4
196.7
154.1
136.9
198.2
154.3
136.6
200.3
153.3
134.1
202.8
Instruments and related products
Clay, glass, and stone products
Lumber and products _
Furniture and fixtures .
Miscellaneous manufactures
By market groupings:
Final products, totald*.. _
Consumer goods
Automotive and home goods
Automotive products
Autos
Auto parts and allied products
Home goods 9
Appliances, TV, and radios
Furniture and rugs
Materlalscf
Durable goods materials 9
Consumer durable
Equipment
Construction
.
Nondurable materials 9
Business supplies
Containers... _.
General business supplies
.
Business fuel and power 9
do.
Mineral fuels.
do
Nonresidential utilities
do
' Revised.
* Preliminary.
d*See correspond!ng
171.5
158.1
159.7
note ori p. S-3.
166. 7 ' 167. 9 '168.8
151.9
152. 9 ' 152. 0
148.5
148. 1
105. 0
101.1
174.2
171. 1 ' 173. 6
179
175
195
153
190
167
169.3
153
140.9
137.5
' 124. 7 ' 126. 5
114.2
112.4
' 121. 8 '123.6
' 124. 0 ' 127. 5
146.0
' 142. 3
150.0
' 149. 2
' 215. 1
' 174. 6 ' 175. 9
165.0
165.0
190.3
187. 3
182. 6 186.5
182.3
179. 1
182.7
181. 3
128.9
120
127
131
216.0
170.9
161.7
178
166
150
'
'
'
'
144.6
147.5
203.7 ' 203. 7
145.7
146.3
190.0
192.0
' 160. 5
136.4
161
206.2
143.4
'
'
'
'
'
186. 0 '188.2
192. 6 ' 193. 1
178.4
177. 0
217.4
214. 3
241.0
244. 4
133.0
190.6
195
169.3 ' 169. 6
159.7 ' 161. 2
162.2
161.0
187.4
187.5
152.2 '153.5
'
'
'
'
'
170. 2 ' 171. 7
162. 4 '164.4
167. 7 163.6
190.6
189. 3
155.1
154.3
172.6
166
177.9
161.7
161.5
161.8
179.2
163.2
164.8
162.4
'
'
'
'
' 178. 1 ' 179. 2
164.2
'163.3
168.3
' 168.1
162.2
' 160.9
149.3
152.5
126.0
131.4
206.3
205.7
9 Ineludes d ata for it ems not shown se parately
151.9
130.0
206.7
' 151. 8 ' 152. 3 ' 154. 0
' 127. 8 ' 127. 7 ' 130. 3
' 211. 5 212.5
'
'
'
'
183.5
191. 4
175. 9
209. 9
245. 5
136.1
178. 3
164. 2
167. 4
162. 6
180
157
134
SURVEY OF CURRENT BUSINESS
May 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1969
1968
Mar.
Annual
S-5
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (unadj.), totalcf
mil. $
1,067,539 11,163,371 95, 315
95, 757
98,459
100,011
94,408
96,310
98,605
103,413
101,513 103,200
93, 265
95, 674 102, 372
do
1,067,539 11,163,371 94,463
94, 552
96,069
97, 423
98,368
97, 083
99,135
99,675
100,142 98, 671
100,137
101, 390 101, 532
do
do
do.._
548, 542 1 603, 718
299, 680 330,951
248,862 272,767
48, 446
26, 844
21, 602
48, 755
26, 888
21, 867
50, 014
27,509
22, 505
50,729
27, 633
23,096
51, 425
28,211
23,214
49, 825
26,837
22, 988
51,441
27, 985
23,456
52,560
28,960
23,600
52,548
28, 786
23, 762
51, 494
27, 742
23,752
52,801
29,325
23,476
53, 302
29,914
23, 388
52,929
29,468
23, 461
do
do...
do
313,809 »339,710
100, 173 110,245
213, 636 229,465
27,996
9,018
18, 978
27, 791
8,975
18, 816
28, 158
9,132
19,026
28, 320
9,197
19, 123
28, 674
9,313
19, 361
28, 760
9,377
19, 383
28,902
9,687
19, 215
28, 697
9,342
19, 355
28,806
9,314
19, 492
28,347
9,238
19, 109
28,989 29,289
9,446 '9,597
19,543 '19,692
28,998
9,407
19, 591
205,188 1219,943
90, 447 100, 012
114, 741 119,930
18, 021
8,141
9,880
18,006
8,163
9,843
17,897
8,058
9,839
18,374
8,152
10,222
18, 269
8,309
9,960
18,498
8,301
10, 197
18, 792
8,554
10, 238
18, 418
8,536
9,882
18,788
8,764
10,024
18,830
8,734
10, 096
18,347 ' 18, 799
8,555 ••8,938
9,792 '9,861
19, 605
9,097
10,508
142, 213
152, 188
146,430 148,157 149,140 148,890
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total d"
mil. $__ 143, 772
153,860
145,153 146,487 147,808 148,522 149,063 149,923 150,725 152,122 152,936
Mfg. and trade sales (seas, adj.), totald*
Manufacturing, total of
Durable goods industries
Nondurable goods industries
Retail trade, total cf
-Durable goods stores
Nondurable goods stores
--
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
__do
do
do
Mfg. and trade inventories, book value, end of year
or month (unadj.), total c?
mil. $
Manufacturing, totaled
Durable goods industries
Nondurable goods industries
Retailtrade, total 1
Durable goods stores
Nondurable goods stores ...
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
do
do
do
do
do
do
Inventory-sales ratios:
Manufacturing and trade, totaled
Shipments (not seas, adj.), total c?
..
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
Motor vehicles ana parts
Instruments and related products
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas, adj.), totald1
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals
Blast furnaces, st -el mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
85,582
55,442
30, 140
40,842
18,440
22,402
22,098
12, 775
9,323
85,829
55,461
30, 368
41,065
18,475
22, 590
22, 169
12,923
9,246
86, 713
56,069
30,644
41, 010
18, 501
22, 509
22,200
13,166
9,034
87,109
56,458
30,651
41, 424
18, 622
22, 802
22, 192
13, 064
9,128
87, 566
56,657
30,909
42, 220
19, 165
23, 055
22,336
13, 218
9,118
1.55
1.54
1.52
1.52
1.54
1.52
1.53
1.73
2.04
.60
.94
.50
1.36
.51
.21
.64
1.45
2.02
1.18
1.21
1.57
.92
1.71
2.01
.60
.92
.49
1.33
.50
.20
.63
1.44
2.00
1.18
1.23
1.57
.94
1.69
2.01
.60
.92
.49
1.30
.49
.20
.61
1.44
2.01
1.17
1.20
1.57
.91
1.67
1.97
.59
.89
.48
1.31
.49
.20
.62
1.43
1.98
1.17
1.21
1.56
.93
1.74
2.09
.63
.95
.51
1.33
.50
.21
.63
1.43
1.97
1.16
1.20
1.59
.89
1.69
2.02
.60
.92
.50
1.31
' .49
.20
.62
.43
.92
.19
.18
.53
.89
1.67
1.96
.58
.89
.49
1.31
.49
.20
.62
1.47
2.05
1.19
1.21
1.55
.92
1,203
1,184
1,268
1,223
1,256
1,222
1,180
1,314
1,152
1,261
1,275
1,293
53,163
47,378
47,967
29,606
1,402
4,852
2,617
3,015
5,165
3,717
7,466
4,395
994
25, 612
1,297
4,352
2,554
2,703
4,376
3,151
6,086
3,096
860
24,692
1,403
3,536
1,497
2,896
4,519
3,389
4,976
2,126
955
21,766
7,455
419
1,585
1,901
3,588
1,837
1,099
23,275
7,729
438
1,819
2,041
3,940
1,884
1,160
88,579
57,422
31, 157
42, 657
19,461
23, 196
22,624
13,454
9,170
83,759
54,295
29,464
39, 776
17,723
22, 053
21,618
12,509
9,109
1.58
1.53
1.54
1.77
2.08
.62
.94
.52
1.40
.55
.21
.64
1.47
2.03
1.21
1.22
1.61
.91
1.70
2.01
.59
.92
.50
1.33
.50
.20
.62
1.44
2.00
1.18
1.20
1.54
.92
1.73
2.02
.59
.93
.50
1.36
.52
.21
.64
1.42
1.97
1.16
1.20
1.54
.92
12, 853
14,944
1,169
1,091
do
548,542
603,718
50,491
50,068
50,596
do
do
do
do
do
do
do
do
do
do
299,680
14, 479
45,867
22,846
31,443
52,066
41, 443
74, 863
43,096
9,500
330,951
15, 754
50,457
24, 901
34, 180
58,047
42,353
84,163
47,638
11, 370
28,290
1,204
4,411
2,362
2,864
5,026
3,708
7,310
4,207
922
27,834
1,348
4,584
2,416
2,865
4,930
3,403
6,993
3,976
880
28,283
1,373
4,663
2,457
2,900
4,808
3,361
7,410
4,423
909
248,862
83, 017
4,768
19, 241
21, 120
42,347
21,211
12, 597
272, 767
90, 157
4,922
21,458
24,208
46,465
22,267
14,265
22, 201
7,151
406
1,767
1,979
3,816
1,821
1,134
22,234
7,014
387
1,736
1,981
4,019
1,787
1,232
22,313
7,233
421
1,765
2,014
3,969
1,811
1,245
23,557
7,680
437
1,892
2,123
4,127
1,955
1,252
ratio
do
do
do
do
do
do
do
do...
152,201 153,987 152,188
84,382 85,278
54,724 55,234
29,658 j 30,044
40,242 40,606
18, 113 18,248
22, 129 22,358
21,863 21,924
12, 777 12,664
9,260
9,086
82, 819
53,540
29,279
39, 318
17, 403
21, 915
21, 635
12,543
9,092
Manufacturing, totald1. ~
do
Durable goods industries
_ do
Materials and supplies
do
Work in process
do
Finished goods
do
Nondurable goods industries
do
Materials and supplies.
do
Work in process .
do
Finished goods
do
Retail trade, total d" do
Durable goods stores
do
Nondurable goods stores
do
Merchant wholesalers, total
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total .
mil. $
Seasonally adj., total*
do
148,138 148,320 149,122
153,360 '155,583 157, 756
153,860 154,180 ' 155, 432 156, 415
'89,556
'58,282
'31,274
43,014
19, 487
23, 527
'22,862
' 13, 532
'9,330
90,262
58,943
31, 319
43,004
19, 542
23,462
23, 149
13, 669
9,480
1.54
1.53
1.54
1.68
1.97
.57
* .91
.50
1.32
.49
.21
.62
1.47
2.08
1.18
1.23
1.56
.94
'1.68
'1.95
'.56
.90
.49
'1.34
.49
.21
.63
1.47
2.03
1.19
'1.22
'1.51
'.95
1.71
2.00
.57
.93
.50
1.33
.49
.21
.64
1.48
2.08
1.20
1.18
1.50
.90
1,134
1,204
'1,256
'1,299
1,435
1,337
50, 197
49, 452 '53,933
55,099
27,651
1,215
3,910
1,707
2,685
5,113
3,593
7,302
3,935
1,041
27, 331
1,198
4,329
1,997
2,657
4,745
3,362
7,192
4,236
967
'30,287
'1,295
' 4, 741
'2,153
'3,009
'5,513
'3,728
'7,741
'4,393
'1,056
30,986
1,386
4,932
2,310
3,017
5,633
3,872
7,758
4,400
1,096
23, 664
7,997
420
1,863
2,077
3,923
1,910
1,239
22,546
7,732
414
1,702
2,020
3,634
1,912
1,240
22, 121 '23,646
7,327 '7,644
'399
376
1,626 ' 1, 752
2,070 ' 2, 219
3,749 '3,995
1,855 '1,949
1,227 '1,344
24, 113
7,855
405
1,830
2,262
3,998
1,909
1,401
88,579
57, 422
31, 157
42,657
19,461
23,196
22,624
13, 454
9,170
88,905
57,879
31, 026
42, 740
19, 622
23, 118
22,535
13, 373
9,162
1.53
1.56
1.67
1.98
.58
.91
.49
1.30
.48
.20
.62
1.47
2.08
1.19
1.20
1.52
.91
1.72
2.07
.60
.95
.52
1.31
.49
.20
.62
1.50
2.11
1.21
1.20
1.54
.91
1,370
1,356
1,399
1,378
1,396
1,265
52,950
54,016
52,495
28,404
1,449
3,912
1,579
2,965
5,029
3,754
7,067
4,018
1,062
29,541
1,496
4,125
1,754
3,079
5,094
3,681
7,835
4,749
1,025
28,831
1,325
4,051
1,698
2,852
4,968
3,692
7,932
4,665
1,043
24,546
8,251
423
1,981
2,186
4,204
1,897
1,221
24,475
8,115
412
1,956
2,174
4,109
1,905
1,321
87,947
56,953
30,994
42,488
19,361
23, 127
22, 501
13,332
9,169
do
48,446
48,755
50,014
50,729
51, 425
49,825
51,441
52,560
52,548
51,494
52,801 '53,302 52,929
do
do
do
do
do
do
do
dodo
do
26,844
1,257
4,119
2,165
2,813
4,678
3,578
6,746
3,766
903
26,888
1,330
4,263
2,194
2,814
4,685
3,473
6,689
3,701
892
27,509
1,329
4,423
2,288
2,841
4,657
3,475
7,020
4,092
923
27,633
1,263
4,603
2,504
2,811
4,749
3,601
6,801
3,879
944
28, 211
1,280
4,741
2,720
2,898
4,740
3,503
7,148
3,874
926
26,837
1,295
3,662
1,516
2,799
4,853
3,503
6,906
3,966
969
27,985
1,347
3,963
1,626
2,859
5,075
3,545
7,227
4,188
999
28,960
1,390
4,220
1,835
3,005
5,194
3,529
7,555
4,329
989
28,786
1,334
4,180
1,807
2,896
5,185
3,586
7,568
4,238
1,028
27, 742
1,352
4,152
1,894
2,793
5,009
3,511
6,845
3,722
984
29,325
1,414
4,508
2,089
2,961
5,222
3,620
7,284
4,117
1,089
'29,914 29,468
'1,454
1,440
'4,585
4,621
'2,096
2,119
'3,031
2,962
'5,352
5,242
'3,685
3,727
'7,463
7,222
'4,212
4,001
' 1,083 1,073
21,602 21,867 22,505
Nondurable goods industries total 9
do
7,112
Food and kindred products
do
7,095
7,267
Tobacco products
do
394
421
413
Textile mill products
do
1,722
1,741
1,804
Paper and allied products
do
1,952
1,913
2,023
Chemicals and allied products
do
3,619
3,697
3,811
Petroleum and coal products
do
1,856
1,803
1,824
Rubber and plastics products...
do
1.086
1.161
1.204
2
' Revised, i Based on data not seasonally adjusted. Advance estimate. § The term
"business" here includes only manufacturing and trade; business inventories as shown
on p. S-l coyer data for all types of producers, both farm and nonfarm. Unadjusted data for
manufacturing are shown below and on p. S-6; those for wholesale and retail trade on pp. S-ll
and S-12. d"Series revised to reflect benchmarking manufacturing data to 1961-66 annual
surveys
of manufactures, and to reflect revision of the retail sales sample. Complete details
for manufacturing appear in the Census report Manufacturers' Shipments, Inventories, and
http://fraser.stlouisfed.org/
23,096
7,499
399
1,804
2,045
3,966
1,911
1.182
23,214
7,754
408
1,867
2,056
3,881
1,824
1.210
22,988
7,721
418
1,746
2,016
4,014
1,869
1,197
23,456
7,812
411
1,848
2,117
4,061
1,884
1,221
23,600
7,869
421
1,805
2,112
4,061
1,890
1,276
23, 762
8,003
418
1,788
2,089
4,139
1,919
1,279
23,752
7,930
420
1,804
2,109
4,065
1,925
1.286
23,476
7,669
414
1,790
2,172
3,935
1,894
1,301
'23,388 23,461
'7,624
7,808
'415
411
' 1, 740
1,783
'2,201
2,189
'3,980
3,790
'1,949
1,946
'1,328
1.340
Federal Reserve Bank of St. Louis
Orders: 1961-68—Series M3-1.1. See note marked "J" for p. S-ll regarding new retail sales
sample. Revised unadj. data for mfg. and trade sales back to 1961, and unadj. and seas. adj.
inventories back to 1961 appear on p. 22 ff. of the Nov. 1968 SURVEY; seas. adj. mfg. and trade
sales and retail sales for 1961-67 and inventory-sales ratios for 1961-67 appear on p. 51 ff. of the
May 1969 SURVEY.
If Revised series; see corresponding note on p. S-12.
*New series.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
S-6
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
I
1968
1968
Mar.
Annual
May 1969
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec
Jan.
Feb.
Mar.
Apr,
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERScf— Continued
Shipments (seas, adj.)— Continued
By market category:
151,206 i 55, 126
Home goods and apparel
mil. $
Consumer staples
do -- 1106,412 1115,551
184,149 i 96, 115
Equipment and defense prod., excl. auto.do
i 54, 048
Automotive equipment. _
_ __
do_ _ 148,769
1
Construction materials and supplies
do._-- 42, 916 i 48, 587
Other materials and supplies
_ _ do ._ 1215,090 » 234, 291
Supplementary market categories:
123,461 i 24, 031
Consumer durables
_
do
Defense products (old series)
. _do - . .139,279 i 46, 201
123,917
Defense products*
do
163,709 i 68, 757
Machinery and equipment..- _ _ _ __ - do._
4,437
9,094
7,756
4,235
3,916
19, 008
4,565
9,149
7,763
4,209
3,988
19, 081
4,825
9,346
7,743
4,622
3,966
19, 512
4,908
9,549
7,803
4,401
3,972
20, 096
4,865
9,862
8,277
4,430
'4,052
19, 939
4,519
9,831
8,015
4,559
3,998
18,903
4,551
9,905
8,234
4,771
4,248
19, 732
4,559
10, 126
8,483
4,919
4,304
20, 169
4,407
10, 257
8,609
4,821
4,221
20, 233
4,569
10, 228
8,182
4,275
4,218
20,022
4,849
9,945
8,764
4,642
4,444
20,157
r
4, 715
' 9, 841
' 8, 828
' 4, 764
' 4, 637
20, 517
4 712
9 947
8,677
4,536
4,502
20, 555
1,997
3,838
2,050
5,567
2,001
3,719
1,928
5,633
2,035
3,763
1,948
5,578
2,023
3,788
1,905
5,657
2,049
4,126
2,217
5,589
1,939
3,742
1,823
5,682
1,990
3,839
1,884
5,921
2,032
4,060
2,070
5,926
1,927
4,078
2,042
6,140
2,033
3,830
2,080
5,959
2,153
3,971
1 875
6,102
'
'
'
'
2,142
' 3, 988
1 809
6 145
Inventories, end of year or month:
Book value (unadjusted), totaled
Durable goods industries, total _.
Nondurable goods industries, total. _
2, 165
4, 009
1, 851
6, 263
82, 561
53, 217
29, 344
88, 230
57, 034
31, 205
84, 304
54, 585
29, 719
85, 069
55, 208
29, 861
85, 828
55, 731
30, 097
85, 775
55, 756
30, 019
85,314
55, 128
30, 186
86,247
55,897
30,350
86,409
56, 141
30,268
86, 887
56, 265
30, 622
87, 382
56, 497
30, 885
88, 239
57, 034
31, 205
89 179
57 789
31 390
90, 158
58,568
31, 590
90 824
59 254
31, 570
Book value (seasonally adjusted), totalcf-.-do.. J 82,819
Bv industry group:
53, 540
Durable goods industries, total 9
do
1,952
Stone, clay, and glass products
do
7,644
Primary metals
do
4,319
Blast furnaces, steel mills
_
do
Fabricated metal products.- _ . do- _ | 5,465
10, 905
Machinery except electricaldo
8,157
Electrical machinerydo
12, 679
Transportation equipment
do
3,827
Motor vehicles and parts
do
2,013
Instruments and related products . do .
By stage of fabrication:^
15, 592
Materials and supplies 9
do
2,815
Primarv metals
do
4,785
M^achinerv (elec and nonelec ) do
2,968
Transportation equipment
do
24, 675
Work in process 9
do
2,671
Primary metals
do
9,021
Machinery (elec and nonelec ) do
8,527
Transportation equipment
do
13, 273
Finished goods 9
do
2,158
Primary metals
do
5,256
Machinery (elec and nonelec ) do
1,184
Transportation equipment
do
88, 579
83, 759
84, 382
85, 278
85, 582
85, 829
86,713
87,109
87, 566
87, 947
88, 579
88 905
89, 556
90 262
57, 422
2, 219
7,552
4, 030
6,287
11,310
8, 560
13, 030
4, 257
2,183
54, 295
1,930
7,715
4,322
5,585
10, 843
8,261
13, 108
4,073
2,044
54, 724
1,927
7,724
4,341
5,691
10, 954
8,291
13, 263
4,139
2,033
55, 234
1,940
7,657
4,302
5,823
11,061
8,400
13, 430
4,118
2,025
55, 442
1, 957
7,506
4,109
5,963
11, 107
8,352
13, 603
4,172
2,042
55, 461
1,997
7,255
3,831
6,077
11,132
8,463
13, 494
4,280
2,056
56,069
2,003
7,433
3,994
6,102
11,174
8,448
13,761
4,411
2,061
56,458
2,029
7,502
4,065
6,121
11, 213
8,502
13, 889
4,248
2,067
56, 657
2,064
7,426
3,985
6,229
11, 147
8,524
13, 891
4,257
2,105
56, 953
2,153
7,504
4,010
6,229
11, 222
8,528
13, 844
4,221
2,122
57,422
2,219
7,552
4,039
6,287
11,310
8,560
13, 939
4,257
2,183
57 879 58,282 58 943
2,289 ' 2, 372
2,388
7 637
7 528 r 7, 554
4 019 ' 4, 042 4 079
6, 196
6 289 '6, 129
11 528 11, 738 11 838
8,740
8 551 r 8, 592
14, 076 14, 186 14, 313
4,237
4,308 r 4, 226
2 240 ' 2, 275 2,332
16, 637
2,787
4,821
3,402
26, 357
2, 547
9, 472
9 162
14, 428
2,218
5,577
1,375
15, 840
2,796
4,721
3,204
25, 078
2,629
9,183
8,714
13, 377
2,290
5,200
1,190
16, 071
2,821
4,800
3,260
25,214
2,621
9,210
8,801
13, 439
2,282
5,235
1,202
16,379
2,872
4,903
3,295
25, 392
2,570
9,243
8,941
13, 463
2,215
5,315
1,194
16, 498
2,832
4,876
3,379
25, 490
2,505
9,260
9,044
13, 454
2,169
5,323
1,180
16, 753
2,833
4,907
3,450
25, 237
2,387
9,273
8,845
13, 471
2,035
5,415
1,199
16,781
2,853
4,867
3,496
25,544
2,469
9,311
8,981
13,744
2,111
5,444
1,284
16, 704
2,876
4,850
3,436
25, 772
2,486
9,305
9,128
13, 982
2,140
5,560
1,325
16, 763
2, 850
4,816
3,403
25, 825
2,451
9,319
9,146
14, 069
2,125
5,536
1,342
16, 676
2,783
4,830
3,366
26, 085
2,536
9,391
9,139
14, 192
2,185
5,529
1,339
16, 637
2,787
4,821
3,402
26, 357
2,547
9,472
9,162
14, 428
2,218
5,577
1,375
16 706
2 800
4 862
3 348
26, 631
2 506
9 611
9 289
14 542
2 222
5 606
1 439
16, 613
' 2, 765
' 4, 935
' 3, 301
26, 961
'r 2, 535
9, 769
r
9, 436
14, 708
' 2, 254
' 5, 626
1,449
do
29, 279
7 094
2,269
3,232
2,190
5 600
1 971
1,601
31, 157
7 370
2,261
3,539
2,384
5 037
2 118
1,801
29, 464
7 110
2,248
3,389
2,236
5 621
1 970
1,620
29, 658
7,081
2,251
3,393
2,261
5 651
1,955
1,668
30, 044
7,226
2,261
3,406
2,284
5 698
1,981
1,674
30, 140
7,262
2,278
3,440
2,326
5 664
2,021
1,693
30, 368
7,376
2,276
3,392
2,338
5 708
2,047
1,704
30,644
7,434
2,259
3,474
2,327
5,751
2,066
1,748
30, 651
7,423
2,219
3,477
2,331
5,793
2, 083
1,733
30t909
7,491
2,211
3,470
2,359
5,871
2,114
1,731
30, 994
7,417
2,231
3,425
2,351
5,882
2,136
1,833
31,157
7,370
2,261
3,539
2,384
5 937
2,118
1,801
31 026
7 264
2 219
3 507
2 4Q3
5 ' Q77
2 AOO
' 31, 274 31 319
'7 248
7 228
r 2, 203
2,177
'3
534
3 577
r
2, 419
2,423
r (5 088
6 155
2 076
2 077
r
1, 831
1,799
do
do
do
11, 247
4,496
13, 536
11, 598
4,855
14, 704
11, 128
4,508
13,829
11, 228
4,522
13,909
11,312
4,604
14, 128
11,333
4,619
14, 188
11, 366
4,682
14, 320
11,508
4,729
14,407
11,511
4,679
14, 461
11,609
4,724
14, 576
11,512
4,752
14, 730
11, 598
4,855
14,704
11 497
4 901
14 538
do__do
do
do
do
do
8,589
9,469
8,713
8,838
8,932
20, 955
4,640
6,445
30, 893
22, 191
5, 190
7,410
32, 524
21, 089
4,907
6,559
31, 145
21, 250
4,996
6,609
31, 329
9,043
11 714
21,774
5,306
6,944
9,206
U 70Q
21, 988
5,172
6,969
9,327
11 789
21, 943
5,195
7,129
9,460
11 758
22, 018
5,134
7,236
qo 041
9,469
11, 786
22, 191
5,199
7,410
32 524
22,475
5,281
7,538
32, 555
4,643
11,404
7,287
13, 873
4,671
11,410
7,233
13, 851
4,727
11,458
7,251
13, 881
4,645
11,513
7,126
14, 038
do
do
do__ _
Nondurable goods industries total 9
Tobacco products
Textile mill products
Paper and allied products
P t
1
rl
1
rl
do
do
do
do
rt
t
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples..
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products (old series)
..
Defense products*
Machinery and equipment
do _ _
do
do
do
New orders, net (not seas, adj.), total d*
Durable goods industries total
Nondurable goods industries, total
do
do
do
New orders, net (seas, adj.), totald*
By industry group:
Durable goods industries, total 9-Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery.
Transportation equipment
Aircraft, missiles, and parts
do
8,927
n
R-tA
21,595
4,997
6,686
31, 559
eqo
n
f\JK
21,604
5,167
6,887
31, 564
4,805
11, 732
7, 330
14, 700
13, 689
4,344
10,945
7,105
14, 000
4,446
10,958
6,987
13, 851
551, 138
302 265
248, 873
607, 161
334 422
272, 730
51, 879
29 706
22, 173
50, 453
28, 172
22, 281
49, 511
27, 179
22, 332
52, 469
28, 866
23, 603
46, 738
24, 951
21, 787
48,449
25,316
23,133
53,605
29, 052
24, 553
55, 022
30, 536
24, 486
52, 136
28, 471
23, 665
51, 134
28, 650
22, 484
40 fi^n
4Q 8f»n
PA
50 201
51 877
53 931
53 100
53 101
4,579 ' 4, 717
11,571 '11,675
7,227
14, 308 '14,494
50, 638 '54,850
28, 531 '31, 125
22, 107 '23,725
rq I 1 Q '53,901
lO-l
28, 381
4,092
1,682
3,103
5,184
3,668
6,996
2,098
30, 280
4,397
1,990
3,271
5,403
3,751
7,764
2,749
29, 325
4,475
2,120
3,225
5,134
3,505
7,589
2,654
29, 380
4,345
1,941
3,195
5,210
3,656
7,578
2,755
23, 256
22,872
23, 496
16, 952
16, 919
17, 062
23, 651
6 518
17, 133
23, 775
6 447
17, 328
23, 721
6,451
17, 270
23, 435 '23,419 23, 525
6,494 ' 6 504 6,589
16, 941 '16,915 16, 936
4,838
9 874.
7,888
4,431
3 956
19, 194
4,460
9 827
8,142
4,649
4 135
18,988
4,601
9 931
8,495
4,984
4 480
19, 386
4,575
10 126
9,527
4,694
4,500
20, 509
4,425
10 256
8,370
4,864
4,510
20, 675
4,595
10 220
8,649
4,639
4,508
20, 490
4,816 ' 4, 764
9 945 ' 9, 845
9,043 ' 9, 520
4,710 ' 4, 743
4,333 ' 4, 507
20, 272 '20,522
do
248, 873
do_... 66, 285
do
182, 588
272, 730
74, 348
108, 301
21, 561
5,887
15, 674
21, 864
6,041
15, 823
22, 478
6,134
16, 344
23, 149
6,271
16, 878
4,512
4,737
5,089
7,909
4,554
4 090
19,009
7,579
4,408
4 080
19, 126
i 55, 173
i 98, 601
i 54, 554
i 40 52'^
_. 1215,374 1233,717
I A A niQ
4,449
8,943
4,299
3 866
18, 908
8,284
4,241
3 989
19,060
1,962
do
1,994
1,944
123,257 i 24, 120
4,011
do
4,428
5,073
142,473 i 47, 409
1,466
2,268
do ..
1,311
d o
5.447
5.492
5.382
162.999 i 60. 650
2
' Revised.
i Based on data not seas9nally adjusted.
Advance estimate.
c?See
corresponding note on p. S-5. *New series; see corresponding note on p. S-7. 9 Includes
data for items not shown separately.
@ Includes textile mill products, leather and products,
paper and allied products, and printing and publishing industries; unfilled orders for other
53, 248
27, 329
3,491
1,400
2,917
4,766
3,501
7,479
2,492
26, 925
3,859
1,791
2,755
4,923
3,476
6,749
2,396
150,966
!106,416
186,057
148,306
55, 646
31, 463
24, 183
29, 684 '30, 482 29,723
4,675 'r 4, 666 4, 700
2, 071
2,124
2,755
5,350
3,581
7,487 ' 7, 842
2,690
26, 701
3,867
1,755
2,824
4,810
3,725
6,259
1,616
do
9,699
11, 758
22, 987
5,294
7,628
32 896
4,386
10,872
7,025
13, 873
27, 172
3,900
2,014
2,941
4,665
3,313
7,343
2,903
Other materials and supplies
___
Supplementary market categories:
Consumer durables
Defense products (old series)
Defense products*
Machinery a n d equipment . .
-
r 9, 490
'11,807
'22,753
' 5, 235
' 7, 540
'32 731
4,359
10, 612
6,862
13, 759
27, 373
4,244
2,396
2,819
4,658
3,366
7,326
3,173
do
do _
ll, 554 11, 390
' 5, 014 4,961
14, 706 14, 968
4,369
10, 537
6,677
13,663
28, 005
4,244
2,262
2,775
4,464
3,530
8,089
3,781
Equip, and defense prod., excl. auto
Automotive equipment
CQC
r
4,645
11, 513
7,126
14, 038
4,333
10, 307
334, 422
40, 700
24, 380
35, 276
58, 286
42, 330
86, 700
31,514
do
9,360
n
r
4,498
11,146
7,138
13,846
do_ _ 302, 265
45, 393
do
23, 037
do
32, 557
do
51,714
do
__ do. .
41, 749
76, 849
do
do
28, 620
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled orders^
By market category:
Home goods and apparel
8,853
n
21, 769
5,042
6,754
31,632
1 811
16, 871
2,791
4,984
3,368
27, 280
2,586
9,882
9,561
14, 792
2,260
5,712
1,384
e neq
f\ 4^4
4,856
9,940
8,595
4,606
4,461
20, 790
2,128 ' 2, 235 2,265
2,084
2,033
1,973
1,884
2,033
2,034
2,207
3,756
4,025 ' 4, 392
4,198
4,407
3,895
3,554
3,913
3,666
2,963
2, 100
1,844 ' 2, 313
2,314
2,384
1,953
1,919
2,355
1,914
2,059
6,325
'
6,
511
6,204
6,237
6,550
6,089
5,916
6,027
5,714
5,968
nondurable goods industries are zero.
M*n*ni*
HFor these industries (food and kindred products, tobacco products, apparel and related
products, petroleum and coal products, chemicals and allied products, and rubber and plastics
products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
May 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
S-7
1969
1968
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Feb.
Mar.
Nov.
Dec.
Jan.
85, 003
81, 951
3 052
85, 938
82, 946
2,992
87,126 '88,041 88, 591
84,150 ••84,988 85,467
2 976 ' 3, 053 3,124
Apr.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS1— Continued
Unfilled orders, end of year or month (unadjusted),
totall
-.- mil. $
Durable goods industries, total
_ do
Nondur goods ind. with unfilled orders© do
Unfilled orders, end of year or month (seasonally
adjusted), total^.
_ _
mil $
By industry group:
Durable goods industries, total 9
do
Primary metals
do
Blast furnaces steel mills
do
Fabricated metal products
do
Machinery except electrical
do
Electrical machinery
_ _ _
do
Transportation equipment
do
Aircraft missiles and parts
do
Nondur. goods ind. with unfilled orders©
By market category:
Home goods apparel consumer staples
Equip and defense Prod incl auto
Construction materials and supplies
Other materials and supplies.
Supplementary market categories:
Consumer durables
Defense products (old series)
Defense products*
......
Machinery and equipment
do
85, 255 85 640
82, 212 82 550
3 043 3 090
83,686
87 152
84 809
80 578
7,019
3 644
8,976
14 551
13^ 235
31 031
25 682
84 071
6 327
3 100
10, 114
14 790
13, 210
33 670
26 858
3 108
3 081
85 357
82 307
3 050
82 806
83 184
83 617
84 991
85 539
87, 152
87,469 ••88,064
80 970
6 586
Q 57 K
8 895
14 225
12 829
32 767
27 288
79 684
5 704
2 645
8 752
14 408
12* 803
32 368
26 922
80 177
5 533
2 529
8,870
14 321
12*, 801
32 941
27 012
80 572
5 662
2 585
9 115
14 430
12* 923
32 709
26 604
81 894
5 840
2 740
9*381
14 637
13* 148
32 918
26 670
82 429
6 133
3 053
9, 711
14 58Q
13 065
32 936
26 599
84 071
6,327
3 100
10, 114
14 790
13, 210
33,670
26 858
84 431
6 494
3 134
9,908
14 919
13,170
33873
26 953
3 078
3 122
3 007
3 045
3 097
3 110
3,081
83 220
80 044
3 176
85 291
84 927
84 048
81 754
7 864
4 396
8,777
14 183
12 974
32 349
27 014
82 239
7 845
4 598
8*782
14 156
12 867
32 986
27 697
81 902
7 322
4 324
8*882
14 164
12 705
33 309
28 140
3 055
3 052
3 025
220
300
279
353
2 104
45 104
8 997
28 604
2 053
45 657
8 998
28 583
1 970
45 755
9 122
28 080
2
45
9
27
170
538
230
110
45 151
9 133
26 368
2
45
9
26
21 243
1 790
33 108
21, 818
22 141
1 666
33 019
21 083
20 784
1 609
33 728
20 622
20 643
1 536
33 976
20 941
20 512
1 720
33 151
21 095
20 823
1 705
32 690
20 792
20 951
1 650
32 860
21, 324
21 295
1 692
32* 577
21 358
21 287
1 693 1 738
32 925 32 740
21 672 21 584
21 912 21 862
206 569
233 635
19 520
17* 974
19 641
18* 659
19 940
18 796
18 670
19 197
19 733
19 530
19 052
20, Oil
19 015
20 986
21 636
21 394
12 364
1 329
2,261
1,832
5,696
1,246
9 636
1 106
1,670
1,513
4 366
981
1 021
119
188
143
472
99
1 003
133
152
153
454
111
909
92
168
150
393
106
751
92
140
128
317
74
810
88
134
119
380
89
734
87
129
105
344
69
705
68
112
126
320
79
768
92
151
111
347
67
696
87
115
97
341
56
940 996
87, 289
212 459
291, 700
220 223
129 325
88 593
10, 738
16 924
24 110
25 486
11 335
657
885
378
368
415
611
90 269
9 942
31 275
20 589
19 740
8 723
65 766
6, 525
14 595
22 113
14 098
8 435
58 651
5*857
15 703
15 951
13 721
7' 419
65 384
6*631
18 001
13 512
17 594
9 646
58 651
7 949
8 157
20 482
16 908
5 155
36 9
41 0
36 5
40 3
37 5
35 7
29 9
1 698
31 888
Failure annual rate (seasonally adjusted)
No. per 10 000 concerns
84 358
81 318
3 040
83 861
80,706
3 155
do
do
do
do
thous $
_ do
do
do
do
do
83 700
80,667
3 033
84 555
81 446
3 109
2
44
9
27
INDUSTRIAL AND COMMERCIAL
FAILUREScf
Failures, total
number
Commercial service
do
Construction
_
do
Manufacturing and mining
do
Retail trade.. _ _ _
do
Wholesale trade
_ _ _ _ _ _ do
_
85 938
82 946
2 992
do
do
do
do
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
._
do
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining.
Retail trade
Wholesale trade
82,499
79, 480
3,019
125
304
313
944
1 265 227
144, 965
323, 680
325, 869
334 279
136, 434
2
49 0
2
47
10
27
2
38 6
44 3
80
7
10
22
23
15
107
971
483
662
277
714
43 5
91
4
17
33
23
12
411
618
397
120
345
931
40 9
74
6
25
15
14
12
o IKA
091
368
270
455
2
45
9
26
165
843
504
105
2
46
9
26
182
662
700
447
2
46
9
26
199
468
990
882
2
47
10
27
220
300
279
353
r
88,377
84, 994
' 6, 575
••3,109
' 9, 716
r
!5 193
••13, 251
••34, 251
••27,345
85, 243
6,651
3,107
9,741
15, 436
13, 276
34. 127
27, 154
3 038 ' 3, 070
3,134
2 186 ••2 238
47 649 '48,317
10 169 ' 10, 038
27465 27, 471
2,375
48,305
9,996
27, 701
1 790
33 108
21,818
22 141
r 1 765
' 1, 834
33 163 '33,546
21 786 '22, 249
22 242 '22, 489
1,957
33, 314
22, 539
22,668
17 770 20 310
21 155 '20 292
24 327
20 578
20 811
22 199
23,089
21,353
563
73
93
90
256
51
689
65
101
121
325
77
731
79
127
112
353
60
868
111
144
126
407
80
83 414 75 027
5 862
5^674
11 394 10 068
48 285 27, 256
12 252 23 406
5 621 8 623
89 993
12* 323
15 411
30 951
20 494
10 814
84 121
9,176
15,206
21,698
23, 827
14, 214
32 o
35 6
38.0
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products*
1910-14=100__
253
258
259
260
260
Crops 9
do
224
232
228
229
235
Commercial vegetables
do
284
315
348
333
365
Cotton
do
191
164
189
179
166
Feed grains and hay
do
174
165
164
159
166
Food grains
_
_ do """
177
160
173
167
167
Fruit
do
225
292
294
298
303
Tobacco
_._
__do_
555
567
560
563
563
Livestock and products 9
do
277
288
282
282
281
Dairy products
"""do
305
318
308
305
305
Meat animals
do
336
346
345
348
348
Poultry and eggs
""do"
132
141
132
124
127
Prices paid:
All commodities and services
do
302
310
308
309
310
Family living items
I_""Ido
321
335
333
335
330
Production items
__""""~do
287
292
292
292
293
All commodities and services, interest" t'axes and
wage rates (parity index)
1910-14=100__
342
354
354
353
350
Parity ratio §
_..do.
74
74
73
73
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
.
1957-59=100..
116.3
119.5
121.2
120.3
Special group indexes:
All items less shelter
do
115.9
119.1
120.0
120.6
119.6
All items less food
""do
120.2
116.8
120.6
121.0
121.9
All items less medical care."...""""""do""I"
115.0
118.1
119.7
118.5
118.9
Commodities
do.
111.2
113.9
114.3
115.3
114.7
Nondurables
""'""" do
114.0
116.9
118.4
117.3
117.8
Nondurables less food
".""do
116.1
113.1
116.4
117.7
117.0
Durables 9
- d o
104.3
106.6
106.9
107.5
106.9
Commodities less food.."."
do
109.2
113.2
112.2
111.9
112.5
Services
do
132.1
134.3
133.0
127.7
132.5
Services less rent
-------~~.do.~~~
131.1
136.1
138.6
136.6
137.1
r
2
i Advance estimate.
Based on unadjusted data.
1f See note marked
t( Revised.
<? on p. S-5.
® See corresponding note on p. S-6.
9 Includes data for items not
sftown separately.
*New series. Based on separate reports on defense work filed by large
defense contractors in ordnance, communications, complete aircraft, aircraft parts, and shipbuilding industries It differs from the old series in that it includes defense activity in shipbuilding and excludes nondefense work in ordnance, communications, complete aircraft, and
259
229
292
176
163
156
302
563
285
300
354
134
260
221
288
170
157
150
266
563
294
307
364
142
261
226
270
219
147
149
308
576
291
315
353
144
267
230
272
222
151
150
347
577
299
329
352
165
262
228
275
224
148
155
326
570
291
335
340
148
262
227
318
204
156
159
279
570
292
340
337
154
262
221
327
182
159
155
244
584
296
337
343
162
263
220
333
163
162
155
251
578
299
332
349
166
267
225
339
166
165
156
265
583
302
330
362
156
272
229
348
173
164
156
279
583
311
335
293
311
336
293
310
337
291
311
338
292
312
339
292
314
341
294
315
341
296
315
342
296
318
344
299
321
347
'302
354
73
355
73
354
74
355
75
358
73
360
73
73
363
72
365
73
74
120.9
121.5
123.4
123.7
124.1
124.6
125.6
122.2
323
375
160
124.4
121.2
122.2
120.8
122.5
122.7
123.1
123.5
120.4
121.5
126.8
124.9
124.4 124.7
122.1
122.6
123.8
125.6
121.6
123.0
121.9
122.2
122.5
123.0 124.0
120.5
121.5
119.5
120.1
120.8
118.7
117.2
117.4
117.8
115.5
115.9
116.8
115.1
117.1
116.1
121.8
119.2
120.2
120.7
121.0
121.1
118.2
118.7
120.3
119.6
117.5
117.6
119.7
120.2 120.3 120.1
120.5 121.4
118.1 118.9
109.7 111.1
107.4
107.6
108.5
109.3
108.7
108.6
107.6
107.7
116.8
115.2
113.2
114.7
115.3
115.0 115.7
113.0
113.5
113.9
139.7 140.9
137.4
139.0
136.6
133.9
134.9
135.5
136.0
138.1
144.6 146.1
141.2
142.0 142.9
139.3
143.9
140.0
138.1
140.5
aircraft parts. Further details appear in the Aug. 1968 issue of the Census Bureau Current
Industrial Report, Series: M3-1.
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
t Revisions for Jan. 1964-Mar. 1967 (back to Jan. 1959 for all farm products, all crops,
commercial vegetables, and fruit; are available from the Dept. of Agriculture, Statistical
Reporting Service.
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
May 1969
1968
1968
Mar.
Annual
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.p
COMMODITY PRICES— Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes— Continued)
Unadjusted indexes— Continued
Food 9
1957-59=100__
Meats, poultry, and fish , _
_ ..-do
Dairy products
do
Fruits and vegetables
_
_ do
Housing
_ _ _
_. do
Shelter 9
do
Rent
do
Home ownership
do
Fuel and utilities 9
do
Fuel oil and coal
_ _ do
Gas and electricity. _ _
. ._ ._ do. __
Household furnishings and operation do
Apparel and upkeep
do
Transportation
_
__ _ _do _
Private
do
New cars
.
do
Used cars
do
Public
- _
_ do.
Health and recreation 9 _ _
_ _ _ do _
Medical care
. . __ .do
Personal care
do
Reading and recreation
__do_ .
Seasonally adjusted indexes:
Food
_
do
Apparel and upkeep. .
do
Transportation
do
WHOLESALE PRICESo*
(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 goodsO
do
Consumer finished goods
. - do
Producer finished goods
do
By durability of product:
Durable goods . _ _
_ _ _ _ _ _
do_
Nondurable goods
do
Total manufactures _
_
do
Durable manufactures
_do_
Nondurable manufactures _
do
115.2
111.2
116.7
117.5
114.3
117.9
112.4
120.2
109.0
111.6
108.5
108.2
114.0
115.9
113.9
98.1
121.5
132.1
123.8
136.7
115.5
120.1
119.3
113.7
120.6
126.8
119.1
123.6
115.1
127.0
110.4
115.1
109.5
113.0
120.1
119.6
117.3
100.8
138.3
130.0
145.0
120.3
125.7
117.9
113.1
118.7
126.1
117.2
121.0
114.2
123.8
109.9
113.9
109.3
111.8
117.6
119.0
116.7
100.6
124.6
137.1
128.3
142.9
118.4
124.2
118.3
112.7
118.8
128.3
117.5
121.3
114.4
124.0
110.0
114.0
109.5
112.2
118.4
119.0
116.8
100.3
126.3
137.2
128.8
143.5
119.0
124. 9
118.8
113.0
120.2
130.7
117.8
121.6
114.6
124.3
110.3
115.3
109.5
112.5
119.5
119.1
116.8
100.3
126.7
137.3
129.2
144.0
119.6
125.3
119.1
113.2
120.9
130.0
118.7
122.9
114.9
126.1
110.3
115.4
109.4
112.9
119.9
119.7
117.4
100.1
120.0
114.0
121.0
132.2
119.5
124.2
115.1
127.8
110.6
115.7
109,5
113.1
119.7
119.8
117.6
99.8
120.5
115.3
121.5
128.2
120.1
125.0
115.4
128.8
110.7
115.7
109.7
113.3
120.3
120.0
117.7
99.1
138.4
129.7
144.4
120.1
125.6
138.5
130.2
145.1
120.4
125.9
118.3
118.0
119.4
118.7
118.5
119.1
119.4
119.3
119.2
119.2
119.9
119.8
94.2
92.2
95.6
139.4
132.4
148.2
122.8
128.0
121.2
114.4
122.6
126.4
122.3
127.6
116.7
132.0
111.5
116.2
110.0
115.1
124.3
120.2
117.5
102.7
118.7
144.3
132.8
149. 1
123.4
128.2
122.0
115.6
122.7
127.0
122.7
128.2
116.9
132.7
111.7
116.7
110.2
115.2
123.4
120.7
117.9
102.3
115.5
144.8
133.3
150.2
123.7
128.4
121.9
116.2
122.8
124.7
123.3
128.9
117.2
133.6
111.8
116.9
110.2
115.8
123.9
122.0
119.3
102.3
122.6
145.5
133.7
151.3
124.1
128.4
122.4
116.5
123. 0
127.6
124.4
130.5
117.5
135.7
112.2
117.2
110.6
116.4
124. 9
124.3
121.6
102.4
130.5
147.5
134.3
152.5
124.8
128.7
120.9
122.7
120.4
121 -.0
123.1
120.7
121.6
123.7
120.2
122.2
124.1
120.5
122.1
124.5
122.5
122.8
125.3
124.7
94.5
92.2
96.1
95.2
92.0
97.5
98.1
95.1
100.3
98.8
96.1
100.7
100.8
97.1
103.4
103.0
98.5
106.3
104.1
100.2
106.9
105. 6
100.5
109.3
120.9
115.4
122.3
123.4
120.9
126.0
116.0
130.0
110.4
115.9
109.1
114.2
123.3
120.6
118.4
102.8
120.5
114.6
122.6
123.8
121.7
126.9
116.3
131.1
111.3
115.9
109.9
114.8
124.0
121.2
118.9
103.8
138.6
130.5
145.5
120.9
126.3
120.4
115.5
121.6
122.9
120.4
125.3
115.7
129.1
110.5
115.8
109.3
113.9
122.2
119.5
117.2
98.4
126.7
138.7
131.1
146.4
121.5
126.7
138.7
131.9
147.4
122.1
127.5
119.0
120.3
119.6
119.7
121.0
120.0
120.0
122.1
119.7
93.5
92.3
94.4
93.7
92.2
94.9
!98.1
*94.7
i 100. 4
i 95. 7
J92.8
197.8
97.0
92.7
100.1
96.0
92.8
98.3
94.8
92.9
96.1
106.1
108.7
108.2
108.3
108.5
108.7
109.1
108.7
109.1
109.1
109.6
109.8
110.7
111.1
111.7
111.9
99.6
105.6
108.2
107.0
'111.6
101.1
108.0
111.3
109.9
115.3
101.6
107.7
110.4
109.0
114.4
101.4
107.9
110.5
109.0
114.8
102.0
107.7
110.9
109.5
114.9
101.4
107.8
111.3
110.0
115.1
102.6
107.9
111.9
110.7
115.2
100.8
107.9
111.4
110.0
115.4
100.9
108.3
112.0
110.7
115.7
100.2
108.5
112.0
110.6
116.4
101.5
108.6
112.5
111.0
116.9
101.3
109.2
112.6
111.1
117.1
102.8
110.1
113.2
111.8
117.6
103.8
110.7
113.3
111.7
117.8
105.2
111.4
113.7
112.2
118.0
105.7
111.4
113.8
112.3
118.1
' 108. 1
104.7
106.7
' 108. 3
105.3
111.8
106.5
109.4
112.0
106.9
111.4
105.9
108.9
111.5
106.3
111.5
106.0
109.1
111.8
106.4
111.2
106.5
109.1
111. 5
106.7
111.3
106.7
109.4
111.6
107.2
111.3
107.4
109.7
111.7
107.7
111.6
106.6
109.5
111.9
107.2
112.0
107.0
109.9
112.3
107.4
112.8
106.5
110.0
113.1
107.0
113.1
107.0
110.3
113.4
107.2
113.6
107.1
110.5
113.9
107.2
114.6
107.8
111.3
114.8
107.9
115.4
108.0
111.7
115.6
108.0
116.1
108.6
r 112. 2
116.3
108.3
116.0
108.8
' 112. 4
116.2
108.9
.do
105.2
107.6
106.9
106.8
107.9
108.0
109.4
107.7
108.6
107.4
108.3
108.4
109.8
110.0
110.7
' 110. 9
Farm products 9
do
Fruits and vegetables, fresh and dried-do
Grains.
_
._ ___
do
Live poultry
_. _ do
Livestock
do
99.7
101.6
M2.2
'81.9
101.1
102.2
108.2
81.8
84.9
104.8
102.1
114.5
85.1
81.4
105.7
102.1
112.0
84.7
81.1
105.2
103.6
123.6
86.4
85.4
105.4
102.5
106.4
82.0
89.6
106.2
103.9
108.2
80.0
93.8
109.5
101.4
97.4
75.1
87.8
106.2
102.8
97.6
76.5
84.8
106.0
101.2
99.8
78.7
79.3
104.1
103.1
109.4
82.0
87.6
103.9
103.3
109.3
80.4
82.9
104.2
104.9
112.0
82.5
90.5
106.1
105.0
108.7
82.0
94.3
109.2
106.5
112.1
81.6
95.5
112.5
105.6
106.8
83.1
87.0
113. 8
Foods and feeds, processed 9
_ do
Beverages and beverage materials
_do
Cereal and bakery products
do
Dairy products
__ _ _ _ _ -do
Fruits and vegetables, processed
do
Meats, poultry, and
fish
_ _ _ do
111.7
106.5
117.1
' 121. 9
107.2
105.0
114.1
109. 6
118.2
127.6
114.1
108.3
112.9
108.9
117.4
123.3
114.4
107.0
112.8
109.5
117.3
125.9
114.6
105.8
113.6
109.4
117.1
128.9
114.6
107.0
114.6
109.4
117.0
128.7
114.8
109.8
115.9
109.5
118.4
128.8
114.7
113.6
114.9
109.8
119.3
128.8
113.6
109.7
115.3
110.0
119.0
129.1
113.6
111.2
114.4
110.5
119.4
130.1
114.0
106.9
114.7
110.6
119.3
130.0
114.1
107.7
114.7
110.6
119.3
130.4
113.3
107.3
116.0
110.8
119.3
130.1
113.6
111.1
116.3
111.1
119.3
130.2
114.5
111.4
116.4 ' 117. 3
111.3
111.4
119.3
119.3
130.4
131.4
115. 1 115.4
114.0
112.2
106.3
109.0
108.6
108.8
108.6
108.8
108.8
108.9
109.2
109.7
109.9
110.2
110.9
111.4
•• 112. 0
112.1
98.2
101.3
98.2
93.4
69.1
114.4
98.1
99.4
98.4
93.2
71.2
114.4
97.9
98.7
97.9
93.0
68.5
115.2
97.8
98.1
98.0
93.3
69.9
115.2
97.8
96.7
97.9
93.5
73.4
115.9
97.7
96.4
97.9
93.6
69.8
115.9
97.6
92.9
98.1
93.4
72.2
118.2
97.8
92.2
98.1
93.4
73.6
118.2
98.0
92.3
97.9
93.6
80.4
118.7
97.9
92.1
96.7
93.7
83.7
118.7
Farm prod., processed foods and feeds
Industrial commodities
do
Chemicals and allied products 9
do
Agric. chemicals and chem prod.
do _,
Chemicals, industrial
do
Drugs and Pharmaceuticals. _
_ _do___
Fats and oils, inedible
do
Prepared paint...
_•_
_ ._do
98.4
103.6
97.4
94.0
81.3
109.3
98.2
99.7
98.4
93.3
73.9
114.6
98.6
101.2
98.7
93.4
80.0
114.1
98.8
101.6
98.8
93.4
80.9
114.4
98.7
101.6
99.0
93.4
78.4
114.4
98.5
101.3
98.6
93.5
72.8
114.4
Fuels and related prod., and power 9 d o _ _ _
Coal
_
_do___
Electric power.. _ __
Jan. 1958=100Gas fuels
do
Petroleum products, refined
1957-59=100.
103.6
' 103. 3
100.7
' 133. 7
102.2
102.4
106.7
101.5
123.8
100.3
102.0
105.5
101.2
126.5
99.5
102.4
105.4
101.3
125.0
100.3
102.4
105.2
101.3
123.6
100.5
103.7
105.3
101.3
123.3
103.1
103.3
105.4
101.2
120.8
102.8
102.6
105.5
101.8
120.6
101.0
102.5
105.8
101.8
120.8
100.9
101.9
108.3
101.9
120.4
99.3
102.0
111.0
102.0
120.4
99.2
102.2
112.7
102.1
120.9
99.0
102.4
112.7
102.0
124.4
98.9
102.7
112.7
102.2
124.0
99.5
104.2
112.7
102.3
124.6
101.7
104.5
112.8
102.3
121.8
102.5
Furniture and household durables 9
do_ _ _
Appliances, household
"*
_ __.do___
Furniture, household
do.__
Home electronic equipment
_ _ _ --.do----
' 101. 1
'90.2
' 112. 9
'82.6
104.0
92.2
117.2
81.0
103.6
91.9
116.0
81.6
103.8
92.2
116.2
81.8
104.0
92.2
116.9
81.8
103.9
92.0
117.0
81.3
104.1
92.4
117.2
80.7
104.2
92.5
117.5
80.7
104.4
92.6
117.8
80.7
104.5
92.7
118.5
80.2
104.7
92.7
118.9
80.2
105.0
92.9
119.2
79.8
105.3
92.6
120.7
78.7
105.4
92.5
121.0
78.7
105.7
92.8
121.3
78.6
105.8
93.0
121.5
78.5
Hides, skins, and leather products 9
do__.
Footwear
do
Hides and skins..
_
_ ___do
Leather
do
Lumber and wood products
. do
Lumber
do
115.8
122.1
'94.2
' 110. 3
105.4
108.4
119.5
127.9
99.6
112.6
119.3
127.2
117.9
125.6
99.3
110.3
113.9
120.3
118.3
126.6
95.6
111.5
115.8
123.6
118.8
127.0
98.2
112.5
117.0
125.3
118.7
127.1
95.1
112.8
117.2
125.0
119.5
127.3
101.5
113.8
119.2
127.7
119.5
127.2
102.8
113.6
120.5
129.8
120.7
128.8
106.6
114.1
122.6
131.5
122.3
131.3
105.6
115.1
124.9
133.4
122.4
131.7
107.0
113.8
126.8
136.2
122.8
131.7
106.8
115.8
133.5
142.2
123.5
132.1
109.2
116.8
137.8
147.9
123.4
132.2
106.3
116.5
144.5
155.8
123.4
131.5
109.1
116.4
149.5
164.7
126.0
131.9
125.8
122.3
143.3
164.9
115.2
115.0
126.8
126.5
129.2
129.4
102.7
102.7
129.1
128.2
commodities.
115.4
127.0
129.0
102.9
129.3
115.8
127.7
130.3
103.1
129.7
117.0
116.1
116.6
116.7
127.8
129.3
130.1 131.2
133.5
131.5
132.1
132.7
103.2
103.5
103.6
103.5
131.0
130.4
130.0
130.5
OGoods to users, incl. raw foods and fuels.
117.3
131.6
133.6
103.5
131.1
117.8
131.7
134.0
104.2
131.4
118.0
131.8
134.1
104.3
131.8
114.3
114.8
115.0
115.2
111.8
Machinery and equipment 9
do _
126.1
126.2
126.3
127.1
' 122. 4
Agricultural machinery and equip
do___
129.4
128.3
128.9
129.6
' 123. 2
Construction machinery and equip
do.._
102.6
103.0
102.9
103.0
Electrical machinery and equip .
do
101.8
127.3
128.0
127. 6
128.6
Metalworking machinery and equip
do___
123.8
'Revised.
*> Preliminary.
1 Computed by OBE.
9 Includes data for items not
shown separately.
d*For actual wholesale prices of individual commodities, see respective
SURVEY OF CURRENT BUSINESS
May 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968 v
Annual
S-9
1969
1968
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
112.2
95.5
106.7
121.5
112.5
95.6
106.7
121.9
112.4
95.8
106.0
122.4
112.8
96.0
106.1
123.5
114.4
96.1
107.5
127.2
115.2
96.3
108.0
128.9
115.8
96.6
108.8
129.9
116.5
96.8
108.9
132.4
COMMODITY PRICES—Continued
WHOLESALE PRICEScf — Continued
(U.S. Department of Labor Indexes— Continued)
All commodities— Continued
Industrial commodities— Continued
Metals and metal products?
1957-59=100Heating equipment
._ _ do
Iron and steel
_
_do_.
Nonferrous metals
do
109.6
'92.7
'103.6
120.9
112.4
94.9
105.5
125.3
113.8
94.3
105.4
133.2
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories
do —
Concrete products
do
Gypsum products
do
Pulp, paper, and allied products
do
Paper..
do
Rubber and products
do
Tires and tubes _
do
104.3
108.1
'110. 4
' 105. 4
' 102. 8
'103.8
110.0
'96.9
'96.0
113.1
108.0
105.5
105.2
112.7
100.3
99.2
Textile products and apparel 9
Apparel —
^-_.
Cotton products
Manmade fiber textile products
Silk yarns.
Wool products. __
_ _ ...
do
do
do
do__
do
do
'102.0
' 106. 8
100.7
'86.5
' 172. 0
'103.3
Dec. 1968 - 100
1957-59 100
do
..do
_do
Transportation equipment 9
Motor vehicles and equip.
Miscellaneous products 9
Toys, sporting goods, etc
Tobacco products
113.3
94.5
105.0
131.0
111.7
94.7
104.9
124.1
111.7
95.3
104.8
123.6
107.3
107.4
107.8
112. 0
107.0
105.1
105.2
111.9
99.7
98.7
112.1
107.5
105.1
105.2
112.1
99.7
98.7
112.5
107.6
105. 1
105.5
113.5
99.8
98.7
105.7
110.2
105.1
90.8
183.0
103.7
104.6
109.1
105.0
89.3
196.3
103.1
104.7
109.3
105.2
89.3
189.7
103.0
' 102. 2
'109.3
'105.8
112.9
104.9
111.8
108.3
115.2
104.3
111.5
107.4
114.9
$0.943
.860
$0. 920
.825
$0.924
.837
111.4
95.3
104.8
122.3
111.3
95.4
104.8
121.7
108.3
108.4
108.7
108.7
108.9
109.2
109.3
110.6
111.2
111.9
112.3
112.3
108.2
105.1
104.7
112.7
99.9
98.7
112.5
108.1
105.0
104.9
113.0
100.7
100.9
113.7
108.5
106.6
104.9
113.0
100.6
99.5
113.7
108.6
106.6
105.1
113.1
100.7
99.5
114. 2
109.1
106.2
105.2
113.1
101.0
99.5
115.2
109.2
106.2
105.2
113.4
101.1
99.5
115.4
109.5
106.2
105.2
113.4
101.1
99.5
115.8
110.7
106.2
106.2
115.0
100.0
96.3
115.9
110.8
106.2
106.8
115.7
100.5
96.3
116.0
111.2
106.2
107.4
116.1
100.9
96.3
116.7
111.3
106.2
108.0
116.4
101.2
96.3
104.8
109.4
104.9
89.7
183.8
103.5
105.2
110.1
104.7
89.9
184.0
103.8
105.8
110.7
105.2
90.4
182.5
103.9
106.0
110.9
105.3
90.7
175.1
104.1
106.5
111.0
105.4
92.5
177.5
104.1
107.0
111.7
105.3
92.7
175.5
104.7
107.2
111.8
105.4
93.0
172.0
104.6
107.1
111.9
105.1
92.9
165.2
104.6
107.4
112.7
104.8
92.8
160.8
104.7
107.2
112.7
104.8
92.3
156.4
104.4
107.1
112.8
104.6
92.1
155.0
104.2
107.1
113.0
104.5
92.4
155.4
104.3
104.3
111.8
108.1
114.9
104.2
111.8
108.2
114.9
104.5
111.8
108.2
114.9
104. '2
111.5
108.7
114.9
104.4
111.6
108.9
114.9
104.1
111.9
109.0
114.9
106.5
112.0
109.1
115.0
i06.6
112.5
109.2
116.5
100 0
106.6
112.5
109.3
116.5
100.1
106.5
112.5
110.2
116.6
100.1
106.4
112.5
110.1
116.7
100.0
106.3
112.5
110.5
116.7
100.1
106.4
112.7
110. 8
116.9
$0.923
.834
$0.922
.831
$0.920
.827
$0.917
.823
$0.970
.820
$0.917
.818
$0. 917
.814
$0.912
.810
$0.911
.808
$0.903
.806
$0.900
.803
$0.895
.796
$0.894
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59=$!. 00..
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
76,160
84,692
5,956
6,786
7,341
7,519
7,714
7,963
8,082
7,893
7,792
6,822 '6,199 '5,798
6,475
Private, total 9
do
Residential (nonfarm)
do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $
Industrial
do
Commercial
_
do
Farm construction
do
Public utilities:
Telephone and telegraph
do
50,587
23,736
17,885
56,996
28,823
22,423
3,982
1,885
1,472
4,513
2,262
1,710
4,843
2,518
1,891
4,963
2,628
2,015
5,102
2,721
2,075
5,338
2,790
2,123
5,364
2,780
2,139
5,406
2,678
2,130
5,225
2,593
2,102
4,855 '4,323 '4,007
2,454 '2,131 '1,919
1,996 '1,723 '1,561
4,388
2,139
1,722
18,106
6,131
6,982
1,324
18,800
5,594
8,333
1,428
428
587
1,538
441
676
1,562
448
684
1,523
429
689
1,535
417
721
1,690
485
782
1,716
508
793
1,808
538
844
1,752
543
798
1,583
529
692
1,519 '1,453
463
'437
678
'647
1,561
467
713
1,638
1,704
Public, total 9
25,573
27,696
9,974
706
406
721
8,538
10,447
746
517
824
9,295
New construction (unadjusted), total
mil. $_.
do
Buildings (excluding military) 9
do
Housing and redevelopment
do
Industrial
do
Military facilities
do
Highways and streets
do
New construction (seasonally adjusted at annual
rates), total
bil. $
Private, total 9
do
Residential (nonfarm)..
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $..
Industrial
do
Commercial
_ _
do
Public utilities:
Telephone and telegraph.
do
148
147
172
161
164
2,612
2,625
2,718
2,487
2,567
1,967
910
63
49
60
953
885
54
35
57
1,051
888
57
43
79
1,014
949
63
41
81
946
904
64
37
96
837
904
65
53
83
922
814
86
43
92
511
'799
'81
44
68
'510
761
79
37
62
508
40
72
85.7
82.0
81.7
83.7
86.0
85.9
89.1
85.9
'91.7
'90.9
91.1
57.3
55.0
55.0
56.7
57.4
59.3
59.0
58.9
'62.7
'62.1
62.0
29.3
29.6
28.2
27.8
28.3
29.4
29.8
30.2
30.9
30.9
'31.0
31.4
19.1
5.5
8.5
18.5
5.3
8.1
17.7
4.9
8.1
17.6
4.8
8.3
19.0
5.6
8.6
18.6
5.5
8.5
19.7
6.1
8.9
19.2
6.3
8.3
18.4
5.9
8.0
21.9
6.8
10.0
'21.5
'6.3
'9.9
21.1
6.0
10.0
119
132
141
2,273
2,498
2,556
824
56
45
51
572
893
78
45
53
755
955
83
49
64
886
83.6
85.3
56.1
57.4
27.7
19.2
5.5
8.3
140
1,974
156
128
132
'1,876 '1,791
2,087
1.7
1.5
1.6
1.5
1.9
1.7
1.8
2.0
1.8
1.8
2.0
1.8
27.5
27.9
28.4
27.1
26.7
27.1
28.5
26.7
30.1
27.0
'29.0
'28.8
29.1
10.8
.8
.5
.7
9.2
10.8
1.0
.5
.7
9.8
11.0
1.0
.5
.8
9.9
10.0
.7
.5
.7
9.2
9.7
.6
.5
.7
9.1
9.9
.6
.6
.8
9.2
10.6
.7
.5
.8
9.0
10.3
.7
.4
1.0
8.3
10.9
.7
.7
.9
10.7
10.4
1.1
.6
1.1
8.4
'10.8
'1.1
.5
1.0
'10.2
.5
1.0
.5
1.0
5,417
4,878
6,170
5,589
5,956
6,318
5,170
6,171
4,863
4,543
4,766
4,802
5,003
146
172
160
187
192
183
200
183
179
191
205
177
Public ownership
mil $
1,554
2,036
20,709
19, 780
1,698
Private ownership
do
4,135
3,324
32, 737
42, 714
3,719
By type of building:
Nonresidential
do
2,227
20,418 22, 780
1 835 1,522
Residential 1_ .
do
2,543
19, 695 i 25, 176
2,220 2,312
Non-building construction
do
1,044
1,400
13,333 14,538
1,362
New construction planning
(Engineering News- Record) §
do
59.944
2,835 4,663
52, 419
3 930
2
' Revised.
* Preliminary.
1 See note "T for thi s page.
Compmted fr om
cumulative valuation total.
cfSee corresponding note on p. S-8.
9 Includes data for i' ems not shown sei)arately.
tRevisions for 1965-May 1967 are shown in Bu. of CCensus rep ort C30-68-6.
1,860
3,730
2,256
3,700
1,924
4,394
1,549
3,621
1,728
4,443
1,558
3,305
1,278
3,265
1,546
3,220
1,572
3,230
1,632
3,371
2,030
2,243
1,316
2,414
2,287
1,255
2,128
2,295
1,895
1,815
2,125
1,230
2,370
2,408
1,393
1,992
2,043
828
1,849
1,743
951
2,145
1,746
875
1,885
1,820
1,097
1,772
1,957
1,274
Public, total 9
do
Buildings (excluding military) 9
do
Housing and redevelopment
do
Industrial
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.) :
Valuation, total ^
.
mil. $
Index (mo. data seas, adj.)
http://fraser.stlouisfed.org/
348-322 O - 69 - 5
Federal Reserve Bank of St. Louis
1957-59=100..
53,446 i 62, 494
2153
174
176
4,690 3,738
4,895 3,001
6,387 6,649
4,405
3,617
3,267 2,800
5,461
IfBe ginning JFan. 1968 data an5 not ent irely con:iparable with tho se for ear lier perio ds; new
compi ation m jthods ra ises the 1 evel of r esidentia 1 data b> 8 percerit and th e total v aluation
by 3 E ercent.
§Dat£i iOr Maj , Aug., and Oct 1968 an i Jan. 19 69 are fo r 5 week s, other
month s, 4 weelIS.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
| 1968
Annual
May 1969
1968
Apr.
Mar.
May
June
July
1969
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
105.8
51.3
101.5
'94.8 ' 135. 2
'48.0
71.6
'90.1 ' 131. 5
157.8
104.5
T
80.9
100.2
••93.9 ' 134. 0
'72.7
100 0
'89.2 ' 130. 2
156.2
1,543
1,528
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public). ..thous.
One-family structures. __ _ _ _ _ do
Privately owned
do
Total nonfarm (private and public)
In metropolitan areas
Privately owned. . .
do
do
do
1, 321. 9 1, 547. 7
900.7
844.9
1 291 6 1 507.7
128.6
79 4
126 6
165.2
98.0
162 0
145.1
87.0
140 9
142.9
81.6
137 9
142.5
86.5
139 8
141.0
82 6
136 6
139.8
80.3
134 3
143.3
85.6
140 8
129.5
65 1
127 1
99.8
53.9
96.4
1, 523. 6
1,117.6
1, 483. 6
126 0
92 1
123 9
162.2
118 4
159 1
143.3
101 2
139 0
141.1
103 6
136.0
140.0
100 6
137 3
138.9
101 0
134 5
138.0
103 0
132 4
140.6
100 8
138 1
127.5
96 8
125 1
98.9
75.1
95.5
1 511
1 479
1 591
1 562
1 364
1,345
1 365
1,348
1 531
1 507
1 518
1 496
1 592
1 570
1,570
1,541
1,733
1,705
1,507
1,492
1,878 'r 1,686 ' 1,580
1,664 ' 1,563
1,845
1 378
694
1,425
729
1,463
736
1,403
671
1, 298. 8
919 7
1, 268. 4
Seasonally adjusted at annual rates:
Total, including farm (private only) _ _ do
Total nonfarm (private only)
do
New private housing units authorized by building
permits (13.000 permit-issuing places) :J
Seasonally adjusted at annual rates:
Total
_
thous
One-family structures
do
r
157.0
155.4
1,477 ' 1 421 1,449
646
685
' 670
1 141
651
1 330
684
1 416
728
1 340
675
1,280
659
1 281
641
1 289
663
1 290
673
1 393
706
125
131
128
129
130
132
132
133
134
135
135
136
138
139
140
997
1,110
1,093
1,001
969
1,007
1,111
1,099
1,013
971
1,015
1,125
1,105
1,035
978
1,026
1,138
1,113
1,047
990
1,032
1, 151
1,117
1,057
996
1,034
1,154
1,116
1,047
1,001
CONSTRUCTION COST INDEXES
Dept. of Commerce compositet
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
..
San Francisco...
St. Louis
1957-59=100
1913 = 100
do
do
do
do
Associated General Contractors of America, Inc.,
The (building only)
,
1957-59=100..
909
992
1 008
910
903
970
1 072
1,070
966
953
940
1 047
1 044
943
923
945
1 053
1 048
944
927
958
1 064
1 052
948
962
973
1 065
1 056
958
964
979
1 075
1,087
968
964
986
1 081
1 090
979
967
992
1 087
1 092
980
969
994
1 110
1,092
980
969
132
139
135
135
136
138
140
141
142
142
143
143
145
146
146
147
E. H Boeckh and Associates, Inc.: 1
Average, 20 cities:
All tvpes combined
1957-59—100
Apartments, hotels, office buildings
do
Commercial and factory buildings . . do
Residences
do
129 8
130.7
130 2
127 4
139. 9
139.1
136 7
134 6
135.5
134 9
132 4
135 3
136.2
135 5
133 3
137 3
138.4
137.5
135 2
139 6
140.8
139 8
137 4
140 6
141.8
140.6
138 5
142.5
141 7
139 2
142 1
143.1
142.2
140 1
142.2
143.3
142.4
140.3
142.3
143.4
142.4
140.3
144.1
143.1
141.1
146.3
144.5
143.2
146.2
148.0
145.7
144.9
147.5
149.2
146.9
146.4
146.9
148.4
146.2
146.3
Engineering News-Record:!
Building
Construction
127 4
140 8
136 8
151 9
132 5
147 0
132 9
147 6
134 8
150.2
136 2
151 9
136 7
152 4
138 3
154 1
140 7
156 0
141 6
156.6
141.7
156.7
143.1
158.0
145.0
160.0
146.0
161.7
147.9
162.9
117.6
121.6
120.6
153 2
r 165 g
164 0
169 5
176 8
173 8
183 0
170.6
175 8
164 4
181 6
189 7
171 8
155 7
169 9
162.7
163 0
149 6
186 6
r 171 1
184 8
167 2
156 7
192 7
175 6
205 9
203 1
179 0
223 7
201 2
161 6
221 1
210 1
166 7
249 8
151 9
175 1
263 8
159 1
173 o
238 4
167.2
168.9
124 3
131 7
15.9
160
11 6
127
14.7
144
12 4
126
15.7
161
11.0
110
13.7
157
10 4
120
13.2
146
12 5
135
15.1
167
11 5
127
5 884 64 6 495 94
3 404 87 3 773 88
434 80
267 29
470 58
265.30
495. 28
280. 15
493 61
240 95
572 97
326. 86
4,386
5,259
4,269
4,545
4,719
4,889
20 122
21 983
1 787
1 973
2 106
4 243
9 604
6 275
4 916
11 215
5 852
414
850
523
480
945
548
512
1 050
544
110 541
90 875
8 127
8 040
8 577
7 630
7 850
6 870
6 969
7 262
6 786
6 528
1 706 72 1 829 92
155 58
197 25
152 05
157 72
154. 71
159. 14
131. 69
134. 80
134. 21
156. 08
do
do
Bu. of Public Roads— Highway construction:
Composite (avg. for year or qtr.).._ 1957-59 =100..
121.2
119.5
1
1
149. 9
164.3
123.4
132.3
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9
Seasonally adjusted
1947-49=100
do
Iron and steel products, unadjusted
I-umber and wood products unadj
Portland cement, unadjusted
do
do
do
168 1
198 1
154.0 ' 143 0 144 4
154.8
161. 3 ' 167. 0
146.5
166.7
159 6
188 8
272 6
145.2
163 4
185 2
14.0
168
10 4
125
17.1
198
12 7
147
595 13
340.69
588. 18
322. 30
4,988
4,997
1 983
1 859
430
1,075
478
400
1,038
421
r
182.8
161. 1
T
157 8
136 1
143.0
162 7
114 2
148.4
160.3
120.2
13.6
211
11 4
172
12.3
187
90
136
13.2
189
10.1
148
14.7
180
9.9
132
17.3
174
12.2
136
18.2
179
12.2
124
707. 37
359. 54
598. 76
376. 98
525. 34
365. 50
608.38
369.83
494.00
295.68
491 60
329.04
301.34
5,026
5,035
5,040
5,259
5,357
5,298
5,331
5,764
1,995
1,840
1,949
1,724
1,886
1,592
••1,580
1,863
414
1,156
425
396
984
460
466
995
488
392
868
464
407
869
610
348
783
461
••364
'767
'449
443
899
521
179. 47
149. 12
173. 91
r 139.
5
REAL ESTATE
Mortgage applications for new homo construction:
Applications for FHA commitments
thous. units..
Seasonally adjusted annual ratest--do
Requests for VA appraisals
do
Seasonally adjusted annual ratest
do
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $
Vet. Adm.: Face amount §
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $_.
New mortgage loans of all savings and loan associations, estimated totalj
.
mil. $
By purpose of loan :t
Home construction
do
Home purchase. _
. _ _ do ._
All other purposes
do
Nonfarm foreclosures
Fire losses (on bldgs., contents, etc.)
number
mil. $
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally adjusted:©
Combined index
1957-59—100
155
150
153
154
Business papers..
do
130
129
139
137
Magazines
do
160
157
160
151
Newspapers.
do
122
125
117
125
Outdoor.
do
95
86
87
79
Radio (network)
.
do
122
117
134
123
Television (network)... .
do
212
209
216
211
' Revised.
1 Index as of May 1,1969: Building, 150.1; construction, 165.6.
^Revisions for Jan.-Aug. 1967 for new private housing units authorized; for 1965-May 1967.
for Dept. of Commerce composite; for July-Dec. 1966 for ENR building and construction
cost indexes; for 1960-66 (seas, adj.) for FHA applications and VA appraisals; and for Jan. 1961Dec. 1967 for new mortgage loans will be shown later.
155
132
161
122
75
129
222
162
161
152
146
154
164
150
122
122
128
129
125
128
128
170
169
168
141
173
161
162
136
126
133
126
123
128
116
91
74
90
101
84
95
82
144
127
137
175
151
144
147
227
198
203
236
228
206
210
^Copyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
§ Data include guaranteed direct loans sold.
© Formerly Printer's Ink advertising index.
SURVEY OF CURRENT BUSINESS
May 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
S-ll
1968
1968
Annual
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:
Network (major national networks):
Net time costs, total.
_ -_
.mil. $. 1, 499. 9
115.8
Automotive incl accessories
.. _do
429.0
Drugs and toiletries
do
306.8
Foods soft drinks confectionery
do
134.3
Soaps cleansers, etc
do
183.1
Smoking materials
do
331.0
All other
- - - do. ..
1, 548. 1
125.8
435.1
293.3
144.9
156.8
392.3
417.5
36.0
122.6
84.7
41.5
46.1
86.6
Magazine advertising (general and natl. farm magazines):
Cost total
mil. $.- 1, 161 6
Apparel and accessories
do _
60 7
Automotive, incl. accessories
do —
103.7
Building materials
.
..do
31.0
Drugs and toiletries
do
148 4
Foods, soft drinks, confectionery
do
116.1
1, 196. 1
63.5
112.6
32.3
144.4
106.3
105.9
11.1
3.1
12.3
10.3
95.6
75.7
56.7
22 2
43.2
443.6
6.8
6.2
4.4
Beer wine liquors
do
Household equip , supplies, furnishings.. do
Industrial materials
do
Soaps cleansers etc
do
Smokine materials
- do
Allother
do
Newspaper advertising linage (52 cities):
Total
mil. lines..
Classified
do
Display total
do
Automotive
do
Financial
do
General
do
Retail
do
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $..
Durable goods establishments
do
Nondurable goods establish Tents
do__ _
6.3
119.2
8.6
116.0
134.7
100.6
4.8
2.2
10.3
9.1
106.8
10.6
6.8
3.1
11.6
7.1
127.2
3.4
1.6
10.5
5.7
17.3
2.9
13.5
9.5
13.9
2.2
15.1
11.6
7.4
1.6
12.0
9.1
4.6
2.5
3.7
7.1
7.5
5.8
10.4
9.4
5.3
13.0
9.8
5.4
2.8
4.1
1.8
4.4
15.6
5.4
4.2
35.1
6.3
4.1
33
19
2 9
23 9
24.8
41.6
44.9
50.9
36.0
306.5
82.5
224.0
17.3
5.5
29.0
172.2
279.2
79.0
200.2
16.6
5.8
23.4
154.3
249 9
75.2
174 8
13 6
69
18 6
135 7
277.9
83.8
194.1
13.3
4.1
18.1
158.6
292.8
83.3
209.5
15.9
5.7
27.1
160.9
315.7
84.1
231.5
16.0
316.0
67.9
248.1
31.7
176.7
315.9
79.0
236.8
13.1
6.2
32.5
185.0
18, 578
8,482
10,095
17,961
8,241
9,720
18,488
8 515
9,973
18,933
8,629
10,304
18,640
8,590
10,050
19,979
9,220
10, 759
18,906
8,578
10,329
21,952
13,020
8,932
21,908
13 030
8,878
22,094
13,183
8,910
22,170
13,065
9,105
22,631
13, 162
9,470
28887
28 542
9 828
5 974
5 543
9 696
5 773
5* 354
*419
1 393
*861
5.6
28.5
4.6
3.1
33
14
35
37 2
73
6.9
4 8
17
36
41 6
85
8.4
4 6
2 2
4 3
47 6
256.0
77.1
178.9
11.6
8.6
20.9
137 9
250 5
75 6
174 8
13 5
53
23 6
132 5
304 7
89 7
215 0
15 0
7 0
27 3
18, 917
8,428
10, 489
17, 576 ' 16, 897
8,017 r 7 952
9,560 rg 935
19, 243
22,790
13,202
9,588
22,603
13,245
9,358
22,637 '22,828
13, 180 '13 404
9,457 '9 423
23,188
29,410 27, 015 29 418 30, 112
9,554
9 383
8 703 10 039
5,623
5,365
4,814
5,992
5,196
4 951
4 457
5 595
414
427
357
397
1,489
1,412
1,479
1,450
933
905
850
907
464
476
460
456
1 355
1 257
1,198
1 339
907
1 077
997
1 063
291
278
260
276
20,027 18, 312 19, 379 20,558
1,810
1 633
1 557
1 654
342
437
332
373
701
618
608
656
395
378
360
333
277
295
284
265
924
962
912
941
2,045
2,413
2,161
2 175
6,425
6,596
5,860
6,108
6,009
6 166
5 448
5,685
2,055
2 202
2,064
2,017
34 086
26 237 '24,844 '28 030 i 28, 782
r
8 335 T 8, 245 ' 9 246 i 9, 622
5 137 r 5,058 ' 5, 712 15,872
4, 743
5 333
4 806
379
331 r '315
1, 216 ' 1,296 i 1, 271
1 267
'768
847
786
'374
379
401
938 ' 1 773 1 105
'766
727
868
' 202
211
237
17 902 '16 599 '18 784 119 160
1 403 ' 1 214' 1 5381 1 Q04
332
370
'289
530
601
'479
1,295
2 041
6 375
5 945
2 079
1 918
6 246
5 868
1 992
r 1 817
4,697
5,488
7,807
3 587
r 3 410
4,209
4,243
3,831
2,844
2,843
2,602
316
256
218
273
233
526
498
487
451
474
584
600
548
560
583
28 320 28 674 28,760 28,902 28,697
9,342
9,377
9,687
9,197
9 313
5,556
5,561
5 899
5 489
5 523
5,171
5 104
5,173
5,516
5 138
385
388
385
383
385
1,372
1 386
1 433
1 395
1 406
846
876
856
859
858
434
439
475
443
439
1 172
1 196
1,204
1 190
1 184
904
933
919
926
908
271
271
264
270
280
19 123 19 361 19,383 19, 215 19, 355
1 640
1 659
1 619
1 595
1 655
372
375
368
369
373
642
639
651
628
650
349
350
338
356
333
277
261
276
286
275
4,997
3,402
417
578
647
28,806
9,314
5,521
5,124
397
1,360
853
428
1 191
911
280
19, 492
1 652
387
642
351
272
8.1
9.7
5.9
7.9
6.2
5.5
1.9
4.0
1.5
4.2
39.8
43.1
42.1
3, 297. 8 3, 381. 1
923.7
878.1
2, 419. 6 2 457.3
158.5
171.0
66.9
72.8
297.1
296.1
1 897 1 1 917 4
282.4
79.0
203.5
14.4
5.5
26.0
157.6
277.5
76.0
201.4
16.6
6.6
26.1
152.2
219, 943
100 012
119 930
17,775
8,026
9,749
18,087
8,397
9,690
205,188
90 447
114 741
67.2
122 2
7 9
11.3
37
13 8
9.7
7.8
9.6
4.7
2 5
3.8
67.7
108 6
70
11.3
2q
12 1
9.3
12.7
4.8
11.9
9.9
2.2
3.1
69.9
436 5
35 6
131 9
87 2
41 8
47 2
92 8
88.6
37
8.7
2.2
11.8
8.9
2.6
9.3
3.7
14.3
9.6
Merchant wholesalers inventories, book value,
end of year or month (un^'j.), total
mil. $._ 21,607
22,603 21,679 21,841 21, 816
Durable goods establishments .-.
_do
13 245 12,564 12,881 12,851
12 308
8,965
Nondurable goods establishments
do
9,115
8,960
9 358
9 299
RETAIL TRADE J
All retail stores: t
Estimated sale" (unadj ) total J
mil. $ 313 809 339, 710 27 049 27 602 29 285
Durable goods stores 9
do ._ 100 173 110 245 8 916 9 134 9 917
65,261
Automotive group
do
58 273
6 112
5 526
5 549
Passenger car other auto dealers
do . 53 966 60 660 5 187 5 171 5 706
Tire battery, accessory dealers
do
4 601
4 307
339
406
378
16, 540
Furniture and appliance group 9
do
15, 267
1 253
1 314
1 217
10 227
Furniture homefurnishings stores
do
769
871
783
Household appliance, TV radio
do __
5,235
402
376
363
12 675
Lumber building hardware group
do
1 013
1 190
1 269
10 984
9 781
Lumber bldg materials dealers cf
do
797
*926
'986
2,894
Hardware stores
do
216
264
283
213, 636 229, 465 18 133 18 468 19 368
Nondurable goods stores 9
- do
18, 123
19, 265
1 538
Apparel group
do
1 627
1 430
4,516
Men's and boys' wear stores
do.
367
313
364
7,429
Women's apparel, accessory stores do
600
559
617
4,124
Family and other apparel stores _ do
312
295
334
Shoe stores
do
3 196
259
312
263
10, 721
11, 458
Drug and proprietary stores
do
953
901
906
23, 473
25, 285
Eating and drinking places
do
2 189
2 022
2 034
Food group
do. . 69, 113 73, 267
6,310
6,113
5 838
68,311
Grocery stores
do
5 883
5 705
5 420
22, 739
Gasoline service stations
do
24, 526
2 097
2 012
1 970
General merchandise group with non49, 820
54,493
4,342
stores 9
mil. $
3 901
4 218
General merchandise group without non49, 295
stores 9 §
mil. $
3 487
3 813
3,911
29,589
33, 323
2,334
2,538
2,628
Department stores
do
3,256
248
239
Mail order houses (dept . store mdse) do
238
6,152
432
497
496
Variety stores
do
6,409
6,969
516
581
Liquor stores
do
537
Estimated sales (seas, adj ) total t
do
27 996 27 791 28,158
9,132
Durable goods stores 9
do
8,975
9 018
Automotive group
do
5 227
5 408
5 319
Passenger car, other auto, dealers
do
4 851
5,027
4 935
Tire, battery, accessory dealers
do
376
384
381
Furniture and appliance group 9
do
1 356
1 369
1 370
Furniture, homefurnishings stores
do
836
875
843
Household appliance TV radio
do
434
426
421
Lumber building hardware group
do
1 152
1 173
1 167
Lumber bldg materials dealers c^
do
916
891
916
Hardware stores
do
257
251
261
Nondurable goods stores 9
do
18 978 18 816 19, 026
Apparel group
do
1 558
1 575
1 649
Men's and boys' wear stores
do
400
377
381
Women's apparel accessory stores do
588
618
604
337
Family and other apparel stores
do
343
356
Shoe stores
do
275
256
247
' Revised.
i Advance estimate.
JSeries revised to reflect a new sample of retailers.
The most important difference between this and the old sample is accounted for by the
general merchandise group which now includes all non-stores, i.e., mail order houses, merchandising machine operators, and direct selling establishments. Formerly, many non-store
establishments were classified outside of the general merchandise group, particularly in the
food and eating and drinking place groups. Revisions for total retail sales, durable and non-
99.9
11.9
4.1
14.5
8.5
89.2
70.7
62.7
22 9
39 9
416.3
498.4
48.7
134.7
88.0
36.9
49.1
141.0
301.0
18.1
88.6
57.4
32.9
28.4
75.6
331.3
23.0
89.2
63.2
33.7
33.1
89.1
431
1 353
875
414
1 290
1*010
280
19,059
1 522
2
6
5
2
375
577
311
259
938
245
252
825
150
4 296
3 890
2,641
1.1
440
1 338
1*055
'283
18 846
1 421
325
548
312
236
938
2 287
6*196
5 766
2 197
4 2?2
3 800
2,538
6.2
1.5
3.2
4,671
1.9
3.6
4,266
7.1
7.2
6.6
4.0
1.1
4.3
9.3
7.1
24.2
207.5
9 675
5,049
4 604
445
1,770
1 025
613
1 186
817
369
24 411
2 641
689
990
619
343
2.0
6.8
1.4
8.7
5.8
3.2
2.8
3.7
11
3.2
288
215
942
1CK 7
0
iq 711
9 477
341
264
r 256
' 190
'884
Oft?
10 341
'
r 5 753 '
r 5 401 '
r i 335 '
' 929
*927
2 002 12 031
6*227 15 145
5 837 15 739
2 056 i 2 152
' 4 237 14 395
7,286
3 198 ' 3 040 ' 3 83113 935
5,092
2,203 r 2 041 ' 2 634 12 752
434
202
277
' 223
r 390
980
375
457
825
580
549
' 514
28,347 28 989 '29 289 '28,998 129,419
9,238
9 446 ' 9, 597 ' 9, 407 19,467
5,526
5,445
5 574 '5,607
5,094
5,082
5 157 ' 5, 172
'435
432
363
417
1 357
1 402 ' 1, 434 1,415
'920
928
852
876
'431
408
429
446
1,269
1 204
1 219 ' 1, 330
994
937
958 ' 1, 049
'281
275
267
261
'
19,
692
' 19, 591 1 19, 952
19, 109 19,543
1,623
1 571 1 640 ' 1, 702
395
'416
371
406
616
'645
622
589
'380
368
363
348
244
'261
249
263
durable totals, and selected lines of trade for 1961-67, unadj., appear on p. 22 ff. of the Nov. 1968
SURVEY; those for seas. adj. data appear on p. 52 of the May 1969 SURVEY.
Further details
appear in the Census Bureau Monthly Retail Trade Report, Aug. 1968.
9 Includes data
for items not shown separately.
cfComprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
§ Except department stores mail order.
SURVEY OF CURRENT BUSINESS
S-12
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
May 1969
1968
Annual
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
DOMESTIC TRADE—Continued
RETAIL TRADEf— Continued
All retail stores J— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores— Continued
Drug and proprietary stores
mil. $
Eating and drinking places. .
_ do _
Food group
do
Grocery stores
. .
do .
Gasoline service stations
do
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores 9 §
mil $
Department stores '
do
Mail order houses (dept. store mdse.) do
Variety stores
do
Liquor stores
_ _ _ _ _ __ do
Estimated inventories, end of year or month :1f
Book value (unadjusted), total
mil. $
Durable goods stores 9
do .
Automotive group
do
Furniture and appliance group
do
Lumber building hardware group do
Nondurable goods stores 9
__do
Apparel group
do
Food group
do
General merchandise group with nonstores
mil. $
Department stores
__
..do
Book value (seas, adj.), total
do
Durable goods stores 9
do
Automotive group _.
_
. _ do ..
Furniture and appliance group
do
Lumber, building, hardware group do ._
Nondurable goods stores 9
do . .
Apparel group.
do
Food group
do
General merchandise group with nonstore^
mil. $
Department stores.
. _ do ._
Firms with 11 or more stores:J
Estimated sales (unadj.), total 9
do
Apparel group 9
do
Men's and boys' wear stores
. .do
Women's apparel, accessory stores
_do
Shoe stores
do .
Drug and proprietary stores
do
Eating and drinking places
do
Furniture and appliance group.do
General merchandise group with nonstores 9
mil $
General merchandise croup without nonstores § .
...
mil. $..
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
do
Tire, battery, accessory dealers
do
Estimated sales (seas, adj.), total 9
do
Apparel group 9
do
Men's and boys' wear stores _. .
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores
do
Eating and drinking places
do
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores 5
mil $
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
do
Tire, battery, accessory dealers
do
All retail stores, accounts receivable, end of yr. or mo.: t
Total (unadjusted) t
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts.. _
do
Total (seasonally adjusted)!
do
Durable goods stores
do
Nondurable goods stores
do
Charge accounts. _ .
do
Installment accounts
do
924
2,108
6,026
5,611
2,049
932
2,099
6,063
5,637
2, 036
4,422
3,988
2,669
262
516
578
957
2,114
6,117
5,702
2,038
953
2,114
6,172
5,753
2,050
967
2,068
6,148
5,727
2,052
973
2,139
6,188
5,774
2,063
971
2,149
6,155
5, 735
2,049
967
2,146
6,149
5,731
2,050
944
2,128
6,235
5,817
2,064
969
2,062
6,139
5,744
2,052
979
'959
2,094 ' 2, 123
6,315 ' 6, 346
5,909 '5,955
2,097 T 2, 091
957
2,110
6,317
5,920
2,135
4,401
4,452
4,488
4,730
4,626
4,520
4,640
4,729
4,577
4,601 '4,694
4,626
3,995
2,682
264
498
564
4,035
2,700
254
519
584
4,075
2,728
270
514
577
4,290
2,896
275
526
596
4,191
2,828
277
520
591
4,061
2,743
271
492
593
4,154
2,810
282
520
602
4,259
2,925
293
522
601
4,168
2,877
275
505
565
4,176 '4,273
2,861 ' 2, 924
273
'298
535
'534
634
'603
4,204
2,898
291
509
600
38,045
16,832
7,284
2,825
2,575
21,213
4,178
4,290
41,346
18,846
8,758
3,029
2,797
22,500
4,536
4,511
40,447
18,400
8,413
2,953
2,738
22,047
4,405
4,324
41,247
18, 989
8,799
3,034
2,809
22,258
4,456
4,360
41,496
19, 278
9,069
3,039
2,794
22,218
4,388
4,371
41,163
19, 174
8,987
3,027
2,764
21,989
4,317
4,334
40,916
18,895
8,794
3,035
2,801
22,021
4,431
4,291
39,979
17,536
7,348
3,032
2,764
22,443
4,670
4,311
40,543
17,244
7,130
3,059
2,788
23,299
4,953
4,382
42,683
18,246
7,898
3,140
2,806
24, 437
5,116
4,552
43,815
18, 866
8,437
3,158
2,790
24, 949
5,145
4,651
41, 346
18,846
8,758
3,029
2,797
22,500
4,536
4,511
41,544
19, 581
9,387
3,014
2,841
21,963
4,402
4,536
42, 597
19,884
9,575
3,010
2,926
22, 713
4,695
4,503
43, 744
20, 326
9,774
3,105
3,005
23, 418
4,899
4,578
8,304
4,717
39,318
17,403
7,425
2,927
2,666
21,915
4,384
4,273
9,237
5,286
42,657
19, 461
8,919
3,139
2,898
23,196
4,760
4,493
8,967
5,113
39, 776
17, 723
7,747
2,992
2,692
22, 053
4,401
4,311
9,137
5,170
40, 242
18, 113
8,043
3,010
2,735
22,129
4,443
4,338
9,146
5,168
40,606
18, 248
8,192
3,006
2,713
22, 358
4,450
4,384
9,105
9,189
5,102
5,148
40,842 41,065
18, 440 18, 475
8,352
8,407
3,006 3,038
2,712
2,807
22,402 22,590
4,506 4,630
4,351 4,356
9,305
5,189
41, 010
18, 501
8,417
3,035
2,781
22,509
4,574
4,381
9,733
5,375
41, 424
18, 622
8,590
3,008
2,799
22, 802
4,668
4,408
10,505
5,884
42, 220
19,165
8,945
3,046
2,820
23, 055
4,720
4,450
10, 810
6,116
42,488
19, 361
9,121
3,019
2,798
23, 127
4,694
4,555
9,237
8,925
5,286
5,105
42,657 42, 740
19, 461 19, 622
8,919
9,105
3,139
3,136
2,898
2,908
23, 196 23,118
4,760 4,811
4,493 4,554
9,403
5,384
43, 014
19, 487
8,974
3,113
2,974
23, 527
4,880
4,548
9,783
5,615
43,004
19,542
9,008
3,146
2,955
23,462
4,909
4,569
8,900
5,018
9,806
5,576
9,025
5,159
9,107
5,160
9,266
5,252
9,366
5,298
9,448
5,329
9,351
5,231
9,360
5,153
9,525
5,254
9,624
5,337
9,806
5,576
9,924
5,746
9,859
5,683
94, 580
5,186
767
1,837
1,335
3,373
2,122
1,303
7,318
384
50
133
107
257
173
95
7,479
460
60
157
134
265
177
98
7,828
414
62
145
110
283
176
104
7,689
421
66
143
113
275
178
103
7,532
368
53
132
93
275
180
111
8,279
440
54
159
118
283
186
130
7,454
426
54
153
119
266
192
120
8,068
454
71
163
111
272
189
112
9,015
492
85
176
116
275
184
117
11,179
721
119
266
151
433
175
135
7,282 ^6,776
'307
351
46
59
'113
123
85
'76
273
'253
'167
177
86
'87
7,912
445
56
159
116
270
187
91
3,016
9,653
5,598
38, 395
2,713
2,969
3,033
3,013
2,959
3,300
2,979
3,303
3,920
5,692
2,522 '2,397
35, 708
26,184
4,821
34,681
1,736
2,499
1,821
339
2,967
122
7,671
437
63
150
113
269
172
2,763
2,003
393
2,738
146
7,706
419
60
146
110
275
178
2,811
2, 066
384
2,971
159
7,768
416
64
142
106
291
170
2,801
2,083
377
2,882
161
7,777
430
64
149
112
277
168
2,745
2,023
364
2,837
156
8,030
454
68
159
115
288
172
3,080
2,263
407
3,122
159
8,003
446
64
161
118
290
178
2,750
2,038
347
2,694
130
7,931
443
63
160
114
289
189
3,055
2,234
391
2,890
153
8,031
444
67
158
117
287
188
3,661
2,676
468
3,181
161
8,143
442
69
158
115
275
190
5,400
3,972
792
3,088
177
8,080
419
63
153
103
281
177
2,338
1,732
294
3,110
124
8,295
454
68
168
104
301
188
3,106
3,097
3,111
3,098
3,297
3,248
3,130
3, 261
3,332
3,364
3,302 ' 3, 393
3, 317
2,876
2,088
405
2,815
137
2,887
2,115
386
2,849
142
2,893
2,106
404
2,854
147
2,884
2,113
396
2,908
144
3,080
2,276
409
2,919
147
3,033
2,234
404
2,915
153
2,892
2,121
380
2,928
142
3,027
2,218
404
2,943
153
3,088
2,262
416
2,992
153
3,126
2,320
405
2,975
137
3,092 ' 3, 177
2,264 ' 2, 339
430
'430
3,061 ' 3, 127
154
156
3,097
2,296
405
3,099
158
18,483
6,846
11,637
7,941
10,542
18, 672
6,690
11,982
7, 939
10, 733
18, 641
6,892
11, 749
8,071
10, 570
18, 841
6,777
12,064
8,123
10, 718
19, 022
7,117
11, 905
8,368
10, 654
19, 198
7,004
12, 194
8,334
10,864
19,285
7,020
12,265
8,296
10,989
19,186
6,958
12,228
8,150
11,036
20, 630
7,140
13,490
8,677
11,953
19, 378
6,941
12, 437
8,317
11, 061
19,746
6,790
12, 956
8,173
11, 573
19, 381
6,907
12, 474
8,274
11, 107
'19,353
' 6, 730
'12,623
' 7, 950
'11,403
' 19, 741
'7,068
'12,673
' 8, 389
'11,352
19,304
6,788
12, 516
8,112
11, 192
19, 742
7,099
12,643
8,445
11, 297
20,630
7,140
13, 490
8,677
11, 953
19, 378
6,941
12, 437
8,317
11 061
'2,213 2,812
'1,607
2,073
367
'307
'2,861 3,084
140
113
' 8, 413 8,334
'457
447
64
67
160
' 167
105
'108
281
'291
187
'187
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas
mil
LABOR FORCE
Labor force, total, 16 years of age and over
Civilian labor force
_
Employed, total
Nonagricultural employment
Agricultural employment
Unemployed (all civilian workers)
' Revised.
1 As of July 1.
thous. _
do
do
do
do
do
1
199. 11
i 201. 15
200.50
200. 65
200.81
200. 98
201. 15
201. 35
201. 55
201. 74
201. 93
202. 10
202.25
202. 40
202.55
202. 71
80, 793
77 347
74 372
70, 528
3,844
2,975
82, 272
78 737
75 920
72, 103
3, 817
2,817
80, 938
77 447
74 517
70, 980
3,537
2, 929
81,141
77, 634
7-5 143
71,292
3,851
2,491
81, 770
78, 234
75 931
71, 935
3,996
2,303
84, 454
80 887
77 273
72, 757
4, 516
3,614
84, 550
80, 964
77 746
73, 270
4,476
3,217
83, 792
80, 203
77 432
73, 325
4,107
2,772
82, 137
78,546
75 939
72, 103
3,836
2,606
82,477
78, 874
76 364
72, 596
3,767
2,511
82, 702
79, 185
76 609
73, 001
3,607
2,577
82, 618
79, 118
76,700
73, 421
3,279
2,419
81, 711
78, 234
75,358
72, 192
3,165
2,876
82, 579
79, 104
76, 181
72, 896
3,285
2,923
82, 770
79, 266
76, 520
73, 193
3,327
2,746
83, 137
79, 621
77, 079
73,471
3,607
2,542
J See corresponding note on p. S-ll (beginning Aug. 1968,
receivable data reflect introduction of the new sample; no comparable data are
Digitized foraccounts
FRASER
available
for earlier periods).
9 Includes data not shown separately.
§ Except depart
ment stores mail order.
If Series revised to reflect benchmarking to the levels of the 1966
and 1967 Annual Retail Trade Reports and to conform to the definitions of the new retail
sales sample; revised data back to 1961 appear on p. 22 ft. of the Nov. 1968 SURVEY.
May 1969
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
S-13
1969
1968
Mar.
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr."
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
Civilian labor force}
Employed, total
Nonagricultural employment
Agricultural employment
_
Unemployed (all civilian workers)
do_ ..
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in that group) :J
All civilian workers
Men 20 years and over
_ __
Women, 20 years and over
Both sexes 16-19 years
Nonwhite workers*
White workers*
78,645
75,764
71, 786
3,978
thous__
do
do
do
_
78, 427 78, 742
75,653 75,932
71, 737 ,72, 027
3,905
3,916
78, 919
76, 005
72, 156
3,849
78, 917
76,020
72, 195
3,825
78, 749
75, 973
72, 222
3,751
78, 847
76,000
72, 349
3,651
78,800
76,002
72, 477
3,525
79,042
76,388
72,682
3,706
79,368
76, 765
72,923
3,842
79, 874
77,229
73, 477
3,752
80,356
77, 729
73,848
3,881
80,495
77, 767
74,035
3,732
80,450
77,605
73, 941
3,664
449
All
2,881
449
2,774
402
2,810
418
2,914
423
2, 897
470
2,776
400
2,847
373
2,798
381
2,654
348
2,603
322
2,645
316
2,627
346
2,728
355
2,845
393
3.8
2.3
4.2
3.6
2.2
3.8
12 7
3.7
2.2
3.8
13.0
3.5
2.1
3.7
12.4
3.6
2.1
3.7
12.6
3.7
2.3
3.7
13 3
3.7
2.2
3.8
13 3
3.5
2.1
3.7
12.3
3. 6
2.2
3.9
12.5
3.6
2.2
3.7
12.3
3.4
2.0
3.5
12.2
3.3
1.8
3.5
12.7
3.3
2.0
3.5
11.7
3.3
1.9
3.5
11.7
3.4
1.9
3.5
12.7
3.5
2.0
3.8
12.8
18
7 4
16
67
32
17
6.9
3.2
16
6.8
3.1
16
6.5
3.2
17
7 1
3.3
16
6.8
3.3
16
6.4
3.2
e!e
16
3.2
16
7.3
3.1
16
6.5
3.0
6.0
3.0
6.0
3.0
5.7
2.9
6.0
3.1
6.9
3.1
2.2
2.0
4.1
2.0
4.4
1.9
4.0
1.9
3.8
2.0
2.1
2.0
2.0
2.0
2.0
3.9
1.9
3.6
1.9
3.8
1.9
3.6
2.0
1.8
4. 1
3.9
7 3
37
3
6
3
3
6
9
3
0
3.7
7 9
3.5
3.1
3.5
5 6
3.3
2.9
3.4
6.7
3.2
2.9
3.8
7 7
3 2
2.8
3.8
7 0
32
2.8
3.6
6.9
3.3
3.0
3.6
5.7
3.3
3.1
3.6
6.0
3.4
3.2
3.4
6.5
3.2
3.1
3.3
5.4
2.8
2.6
3.4
5.5
3.2
2.7
3.3
5.5
2.9
2.4
3.4
6.2
3.1
2.7
3.6
6.2
3.2
3.0
12 9
3.4
O ccupation : White-collar workers*
Blue-collar workers*
Industry (rionagricultural):
Private wage and salary workers* _
Construction*
Manufacturing*
Durable goods*
__ __ -.
3.4
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:t1
Total, not adjusted for seasonal variation .. thous ._
66,030
68, 146
66,713
67, 422
67, 724
68,724
68,327
68,508
68,923
69, 292
69,585
70, 123
68,525 '68, 735 '69,246
69,828
Seasonally Adjusted
.
66 030
3 203
19, 434
11 422
68 146
625
3 259
19 740
11 578
67,656
609
3,330
19, 607
11 495
67, 755
632
3,313
19, 657
11 533
67, 792
631
3,245
19, 693
11, 545
68 039
632
3 174
19 777
11 571
68 170
638
3 189
19 776
11 619
68,314
638
3,195
19, 748
11, 563
68, 382
639
3,252
19, 755
11,577
68,701
591
3,285
19, 807
11, 603
68, 955
'637
3,279
19, 871
11,661
69, 310
638
3,387
19, 974
11, 724
69, 620 ••69,983 '70,180
'645
644
646
3,380 r 3, 501 ' 3, 440
20,005 rr 20, 067 '20,128
11, 803 11, 823 ' 11, 862
70, 214
646
3,416
20, 131
11,876
317
598
455
629
1 318
1,361
1,967
342
602
474
638
1 301
1 389
1,958
336
607
466
591
1 304
1,374
1,960
337
599
468
641
1,320
1,373
1,949
338
594
471
640
1,322
1,376
1,949
344
592
474
642
1 310
1,386
1,951
349
597
471
642
1 314
1 385
1,944
350
597
476
644
1,291
1,385
1,953
348
598
476
643
1,279
1,391
1,957
334
603
478
649
1,272
1,410
1,962
348
603
484
653
1,284
1,416
1,985
352
615
488
662
1,302
1,426
1,968
'346
349
'346
'620
620
••623
'494
491
••495
666
665
668
1,308
1,316 ' 1,319
1,437 ' 1, 442 ' 1, 449
1,986 ' 1, 999 ' 1, 998
349
615
495
662
1,322
1,450
2,009
1,953
1 947
1 963
2 026
451
436
8 162
1 780
86
985
1,417
698
1 063
1 032
187
558
357
1,957
2 018
449
433
8 112
1 777
87
979
1,408
690
1 058
1 024
186
546
357
1,955
2,015
448
428
8,124
1,783
81
979
1,417
692
1,058
1,020
185
550
359
1,963
2,013
447
432
8 148
1,778
87
982
1,422
696
1 061
1,023
186
552
361
1,960
2 031
448
433
8 206
1 797
87
990
1,433
699
1 062
1 030
188
559
361
1 962
2 070
446
439
8 157
1 777
87
987
1,416
697
1 064
1 033
188
559
349
1,963
2 013
452
439
8 185
1 778
90
990
1,412
702
1 067
1 036
187
566
357
1,964
2,035
451
435
8,178
1,773
87
987
1,422
700
1,063
1,037
186
566
357
1,957
2,046
454
438
8,204
1,778
84
988
1,426
704
1,068
1,041
187
570
358
1,971
2,020
455
442
8,210
1,777
82
992
1,419
708
1,073
1,046
188
568
357
1,980
2,025
457
449
8,250
1,792
84
994
1,425
713
1,074
1,050
189
574
355
1,996 '2,011 ' 2, 023
2,044 ' 2,
021 ' 2, 039
T
'461
457
459
'447
450
'443
8,202 ' 8, 244 ' 8, 266
1,791 T 1,800 ' 1, 796
'84
86
84
'990
'993
995
1,432
' 1, 417 ' 1, 427
'720
715
719
1 076 rr 1 078 ' 1, 079
1,049
1, 053 ' 1, 052
186
127
169
'582
575
580
'350
356
351
2,031
2,033
463
447
8,255
1,786
87
987
1,433
716
1,078
1,050
187
583
348
Total
Mining
Contract construction
Manufacturing
Durable goods
Ordnance and accessories
Lumber and wood products. _
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries.
.
Fabricated metal products
Machinery , except electrical
thous
do
do
do .
do
do
do
do
do
do
do
do
Electrical equip, and supplies.
..do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products. .. do
Paper and allied products
...do
Printing and publishing _ _
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee. . .do
Leather and leather products
do
Transportation, communication, electric, gas,
and sanitary services
thous
Wholesale and retail trade
do
Wholesale trade
do
Retail trade _
do
4.4
616
448
429
8 012
1 785
87
957
1,400
681
1 048
1 002
183
516
351
4 271
13 613
3 538
10 074
4
14
3
10
348
111
669
442
4 332
13 999
3* 632
10 367
4
14
3
10
331
009
641
368
4 281
14 04Q
3 655
10 394
4 336
14 086
3' 679
10 407
4 346
14 117
3 680
10 437
4 358
14 181
3 683
10 498
4 365
14, 222
3 695
10 527
4,374
14, 298
3 708
10, 590
4,392
14, 326
3,722
10 604
4,400
14, 271
3 725
10,546
4 390 T 4 420 ' 4 449 4 475
14 442 r!4 475 '14 536 14, 537
3 746 r 3 767 r 3 782
3 785
10 696 r!0 708 '10 754 10 752
3 217
10 060
11 616
2 719
8 897
3 357
10 504
12 202
2 737
9 465
3 311
10 415
12 053
2 718
9 335
3
10
12
2
9
323
402
088
717
371
3 334
10 425
12 134
2 721
9 413
3 335
10 467
12 232
2 795
9' 437
3 350
10 498
12 256
2 700
9 468
3 376
10 548
12 270
2 751
9 519
3,387
10, 545
12 217
2 716
9,501
3,411
10, 610
12, 325
2 705
9,620
3,426
10, 702
12, 322
2,696
9,626
3,442
10, 755
12, 443
2 715
9,728
3,462
10 792
12 505
a 2 760
a 9' 745
3 474 ' 3, 485
'10 911
!2 548 '12 586
2 764 r 2 756
r 9 784 r 9 830
3,501
10, 902
12 606
2 746
9 860
14,300
14, 485
14,248
14, 303
14, 352
14, 622
14, 415
14, 561
14, 739
14, 718
14, 725
14,687
14, 499 '14,573 '14,645
14, 641
14 300
8 354
14 485
8 427
195
522
392
511
1 035
1,072
1,337
1 312
1,432
278
342
6 058
1,188
73
873
1,250
14 449
8 401
193
516
375
389
500
514
1 057
1 054
1,052
1,060
1,367
1,331
1 318
1 312
1,371
1,419
280
275
338
338
5 946
6 048
1,186
1,185
75
73
849
871
1,240
1,256
+ 5lvise.d' - P Preliminary.
* New series. Monthly data for earlier years are available,
I Effective with the Mar. 1969 SURVEY, labor force data reflect new seasonal factors; comparable data for earlier months appear in the Feb. and Mar. 1969 issues of Employment and
Earnings and Monthly Report on the Labor Force (BLS).
fEffective with the Sept. 1967 SURVEY, additional series (unemployment rates, seasonally
adjusted production workers, hours, man-hours and man-hour indexes, private sector data,
and spendable earnings) are shown; these are not in the 1967 edition of BUSINESS STATISTICS.
14 523
8 424
198
514
392
517
1 042
1,070
1,334
1 305
1,438
275
339
6 099
1,204
73
877
1,265
Finance, insurance, and real estate
do
Services.
...
do
Governmentdo
Federal
do
State and local.-.
do
Production workers on manufacturing payrolls:
Total, not seasonally adjusted "Ml
thous ..
Seasonally Adjusted
Totalt-thous
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
..do
Furniture and
fixtures
do
Stone, clay, and glass products ...
do
Primary metal industries
do
Fabricated metal products
.do
Machinery, except electrical
do
Electrical equipment and supplies. . do
Transportation equipment
do
Instruments and related products.
do
Miscellaneous manufacturing ind
do
Nondurable goods..
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products
do
176
520
14 386 14 439
8 371
8 406
192
' 191
520
528
385
387
463
517
1 054
1 038
l'o62
1,059
1,332
1,346
1 311
1 310
1,429
1,425
278
275
340
335
6 015
6 033
1,181
1,191
74
68
867
868
1,243
1,251
r
!0 852
r
14 512 14 474 14 476 14, 524 14, 568 14 663 14 692 '14 740 '14 789 14 779
8,475
8 410
8 432
8 535
8 667
8 604 r 8 620 r 8 661
8 458
8 399
199
198
186
198
199
199
200
' 197
'200
200
521
520
517
533
' 539
533
540
'539
517
518
400
396
393
412
405
407
411
'412
389
393
525
520
515
534
532
536
535
539
516
518
1,012
1,020
042 T i 048 ' 1 053 1,056
1,009
1,038
1 044
1 023
1,093
1,073
1,092
1,102
1,
122
'
1,
121
,111
'1,115
l' 068 1,066
1,332
1,357
1,337
1,341
1,376
,360 ' 1, 370 ' 1, 366
1,322
1,331
1,302
1,311
1,364
1,313
1,322
1 344 ' 1, 357
333
1 308
1 313
1,423
1,446
1,439
1,427
1,438
,439 ' 1,426 ' 1, 444
1,478
1,415
280
280
277
282
'285
287
283
283
272
278
344
346
341
348
353
'350
354
'347
344
344
6,093
6,092
6,066
6 128
6 088 ' 6 120 ' 6 128 6 112
6 075
6 054
1,188
1,191
1,183
1,205
1,197
1,203
' 1,215 ' 1, 208
1,185
1,187
69
74
71
73
71
71
73
71
74
77
r 875
877
873
875
T 878
872
880
880
876
878
1,252
1,259
1,254
1,260
1,255
1,258 ' 1, 247 ' 1, 254
1,249
1,245
^Beginning in the June 1968 SURVEY, payroll employment and earnings data (except
man-hours, beginning Aug. 1968 SURVEY) reflect revised benchmarks and seasonal factors;
comparable earlier data, except man-hours and man-hour indexes, appear in BLS Bulletin
1312-6, EMPLOYMENT AND EARNINGS FOR THE UNITED STATES, 1909-68, $5.75, available
from the Gov't Printing Off., Wash., D.C. 20402.
* Beginning Jan. 1969, federal employment includes about 39,000 civilian technicians of the National Guard who were transferred
from State to federal status.
SURVEY OF CURRENT BUSINESS
S-14
Mar.
Annual
1969
1968
1968
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
May 1969
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on manufacturing payrolls —
Continued
Nondurable goods industries — Continued
Paper and allied products
thous..
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
__ do ..
Rubber and plastics products, nee
do
Leather and leather products
do
528
662
59'*
115
397
304
541
065
611
118
432
308
42.6
37.7
40.6
42.7
37.4
40. 7
3.4
41.2
3.5
41.7
40. 2
40.4
41.6
41.1
41.5
42.6
40. 2
41.4
41.3
39.4
3.6
41.4
3.8
41.5
40.5
40. 6
41.8
41.6
41.7
42.1
40. 3
do
...do ...
do
do
do
do .._
Paper and allied products
do
Printing and publishing.
...do ...
Chemicals and allied products
do
Petroleum and coal products
do .
Rubber and plastics products, nee - ..do
Leather and leather products
do
534
662
607 ;
117
422 !
308
536
663 !
602
117
426
311
538
665
603
118
427
312
542
664
609
118
435
312
542
665
610
119
433
301
545
666
614
118
438
307
541
663
614
118
438
306
546
667
617
119
441
308
550
669
620
119
440
309
554
671
623
119
444
306
556
673
621
73
445
306
559
'672
'625
101
'450
302
559
'673
'624
'112
'451
301
556
674
618
111
452
299
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab.: ft
Mining . . ... ... ...
hours
Contract construction
...do ...
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted
do
Overtime hours
do
Durable goods ...
do
Overtime hours
. ...do ...
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products ..
. do .
Primary metal industries
do ...
Fabricated metal products
do
Machinery, except electrical _. ._
. do ..
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Wholesale and retail trade
Wholesale trade
... ..
Retail trade
Finance, insurance, and real estate. ..
do
.. do ..
do
. .do ... ;
40. 5
39.4
42.3
36.8
40.6
40.7
3.4
41.4
3.7
41.9
40.5
40.9
41.7
41.8
41.5
42.1
40.2
42.4
40.8
39.5
42.8
37.8
39.8
40.1
3.0
40.7
3.1
40.9
40.1
40.0
41.7
42.3
40.4
41.0
39.5
41.1
39.6
38.5
42.6
37.2
40.9
40.9
3.7
41.5
3.8
41.5
40.3
41.2
41.8
42.0
41.7
41.9
40.2
42.9
40.5
39.7
42.9
37.6
41.1
40.9
3.6
41.7
3.8
41.6
40.7
41.1
42.0
42.1
41.9
42.0
40.6
42.5
40.6
39.7
43.4
37.3
40.7
40.9
3.6
41.5
3.8
41.3
40.7
40.7
41.9
41.9
41.7
42.0
40.3
42.6
40.5
39.2
42.8
37.5
40.7
40.7
3.5
41.1
3.7
41.6
40.7
40.6
41.9
40.2
41.7
41.9
40.5
41.9
40.5
39.2
43.1
37.9
41.2
41.1
3.7
41.7
3.9
42.0
41.1
40.8
42.2
41.3
42.1
42.4
40.9
42.6
40.6
39.7
41.3
37.5
41.1
41.0
3.7
41.6
4.0
42.0
40.8
40.8
42.2
41.4
42.2
42.3
40.5
42.6
40.6
39.5
43.2
36.0
40.9
40.8
3.8
41.7
4.1
41.5
40.4
40.4
41.7
41.4
42.3
42.3
40.6
42.5
40.6
39.3
43.4
37.8
41.1
40.7
3.7
41.2
3.8
41.3
41.2
40.4
42.0
41.5
41.6
42.3
40.2
41.6
40.6
38.8
43.2
37.7
40.4
40.6
3.8
41.2
3.9
40.1
40.0
40.7
41.9
41.7
41.9
42.4
40.4
41.4
40.7
39.1
'43.3
'38.3
'40.0
'40.2
3.5
'41.0
3.9
'40.3
'40.8
' 40. 2
42.1
41.6
'41.2
'42.3
' 39. 8
'41.5
'39.7
37.7
'42.8
'37.8
'40.7
'40.8
3,7
'41.5
3.9
'40.5
'41.0
'41.0
'42.4
'41.8
'41.8
'42.8
'40.7
'41.6
' 40. 9 '
'39.2
43.1
38.2
40.4
40.7
3.4
41.3
3. 6
40.2
40.9
41.1
41.8
41.9
41.5
42.6
40.6
41.4
40.7
39.4
39.7
3.1
40.9
38.6
40.9
36.0
39. 8
3.3
40.8
37.7
41.2
36.1
39.8
3.3
40.7
37.9
41.6
36.2
39.2
2.8
40.4
34.1
40.6
35.0
39.8
3.3
40.7
38.0
41.2
36.3
40.0
3.4
41.1
38.5
41.3
36.4
39.9
3.4
40.8
38.1
41.5
36.1
39.9
3.3
41.1
38.9
41.1
36.0
40.1
3.5
40.9
38.5
41.6
36.5
39.9
3.3
40.8
37.6
41.1
36.4
39.7
3.4
40.6
37.6
41.0
35.9
39.9
3.4
40.9
36.3
41.4
36.2
39.7
3.6
40.7
36.9
40.8
36.2
39.2
3.2
40.7
38.3
40.1
'35.2
'39.8
'3.4
40.9
'36.3
'41.1
'35.9
39. 8
3.3
40.9
35.0
40.9
35.9
42.8
38.4
41.6
42. 7
41.4
3S. 1
42.9
38.3
41.8
42.5
41.5
3S.3
42.7
38.2
41.6
42 2
4l'.4
38.7
42.0
37.8
41.4
42.7
40.3
38.1
43.0
38.1
41.6
42.5
41.7
38.8
43.0
38.2
41.7
42.3
41.7
38.7
43.1
38.3
41.7
42.8
41.8
38.1
42.9
38.4
41.7
42.1
41.4
37.8
43.2
38.4
42.0
42. 5
41.6
38.4
43.1
38.6
41.9
42.6
41.7
38.7
42.9
38.4
41.9
42.6
41.5
37.9
43.3
38.4
42.0
42 .4
41.3
37.6
43.3
38.2
41.9
41.8
41.4
37.4
'42.5
37.9
41.7
'42.5
'40.7
' 35. 5
43.3
'38.3
'41.9
'42.6
'41.5
'37.5
43.4
38.2
41.6
42.6
41.5
37.7
30. 5
40. 3
35. 3
37.0
36. 0
40. 0
34 7
37. 0
36.1
39.9
34.7
37.1
36.1
39.9
34.8
36.9
35.9
39. 8
34.6
37.1
36.3
40.3
34.9
37.1
36.2
40. 1
34.9
37.0
36.3
40.3
34.9
37.0
36.1
40.2
34.7
37.1
35.9
40.1
34.5
37.0
35.8
40.0
34.5
36.9
35.7
39.9
34.3
37.0
35.8
40.0
34.3
37.2
35.6
'40.1
34.2
37.1
' 35. 8
'40.1
'34.3
37.2
35.7
40.0
34.2
37.0
135. 21
133.80
134.01
134.68
135. 46
135. 89
136. 26
136. 30
136. 40
136.47
136. 75
;
115.4
80. 8
121 4 |
20H. 3 ;
93. 3 •
121.7
K«6. 4 ;
H5.8
117.7
123. 0
227. 4
94. 4
12S. 0
109. 4
114.9
77.8
113.1
117.0
122. 3
225.2
95.4
126. 7
98.7
114.0
82.1
115.7
115.4
120.7
221.0
93.0
124.5
110.3
115.3
81.9
110.9
117.7
123.1
225.4
92.8
128.9
109.9
115.8
82.3
109.3
118.7
123.7
231.8
93.3
129.6
111.1
115.5
83.9
109.1
118.3
123. 8
232.4
93.9
127.4
110.6
114.8
82.9
109.7
117.3
122.0
234.1
94.1
128.4
111.0
116.3
83.7
113.0
118.5
123.7
234. 0
94.8
129. 0
111.2
116.0
73.0
113.2
118.7
123.8
219.8
94.7
130.0
112.2
115. 6
83.5
108.4
118.6
124.2
232.4
93.9
130.0
112.0
117.6
84.3
118.0
119.1
124.3
230.1
98.0
131.6
114.7
117.5
84.4
117.2
119.2
125. 3
225. 7
96.4
133.3
114.7
'118.0 ' 118. 9
'85.1 '83.8
' 124. 2 ' 120. 1
' 118. 5 ' 120. 5
' 124. 8 ' 127. 0
' 223. 4 ' 226. 8
' 98. 1 ' 98. 6
' 133. 2 ' 135. 6
116. 1 '116.2
118.7
84.5
120.3
120.1
126. 6
225. 1
97. 3
136.2
113.7
1 10. 0 i
123. 7 ;
137 3
142 5
114.1
126.5 I
109. 1
126. 5
132.7
14' 3
121. 6
123. 4
110.0
109. 9
113.0
124.8
121.2
133.7
128. 8 i
141.7
139.2
121. 9 | 117.9
124.3
119.3 i
109. 7
105.3
112.2
125.2
131. 6
141. 9
122. 5
122. 1
109. 6
111.1
127.0
132.2
142. 5
123. 0
122. 4
109.9
110.8
126. 2
131.0
141 8
126.7
120. 7
110.1
104.2
125.9
131. 6
143. 0
119.3
123.4
110.1
105.9
128.0
133.2
144.4
123.4
123. 2
110.6
105.8
130.5
133.4
141.8
124.0
124.6
111.0
107.0
131.0
135.4
143.2
121.7
124.6
111.1
109.1
129.9
133.8
142. 9
119.5
125.5
111.9
110.1
131.9
136.0
144.8
119.9
126. 2
113.0
'
'
'
'
'
'
'
110. 5
130. 1
136. 7
143. 9
119. 1
123. 1
106. 8
'111.5
' 132. 7
' 137. 9
' 148. 5
' 120. 9
'127.7
' 112. 1
112.1
131.9
138. 3
148.9
119. 8
128.0
112. 0
108. 6
110.8
90. 0
84. 0
106. 1
118.3
110.1
95.2
85.5
106. 5
118.0
108.5
95.3
70.7
104.1
114.8
110.8
95.5
84.6
106. 0
119. 6
112.1
98.0
85.7
107.0
120. 8
111.0
95.7
85.9
107.4
118.2
111.2
96.6
91.3
106.6
117.5
111.7
95.8
86.9
107.5
120.0
111.9
96.2
81.4
106. 0
120.2
111.3
95.5
79.1
106.2
117.9
112.4
97.6
78.6
107.6
119.1
110.3
111.2
97.0 ' 97. 9
82.9
82.1
106.0 '104.0
'
115.
1
119.4
' 112. 1
'97.8
'78.6
' 106. 2
' 118. 1
111.6
96.9
77.9
105.3
118.6
118.6
116.4
116.2
121.6
81.5
153.6
97. 5
114.9
115.2
120.0
82.5
151.0
97.0
118.1
116.4
120.8
82.8 I
156.6
99.1
118.9
116.6
122.3
82.4
159.5
98.8
119.2
119.3
117.0
117.5
122. 5
123.3
84.1
82.0
159.2 1 159. 5
93.8 I 95.0
119.3
117.0
124.2
82.8
160.2
96.1
120.1
118.3
124.5
83.7
161.7
97.5
120.4
118.1
125.1
83.7
160.6
95.8
122.4
118.4
126.0
83.3
161.3
94.1
122.9 ' 121.3
118.1 '117.0
125. 3 ' 125. 5
50.4 '70.9
161.1
162. 0
87.7
93.6
123.5
' 118. 5
' 125. 9
'78.8
' 164. 6
' 92. 4
123.1
118.3
123.8
78.1
165.0
92.2
i
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual rateff
bil. man-hours ._
131.85
Man-hour indexes (aggregate weekly), industrial
and construction industries, total tl
1957-59-100..
Mining
do
Contract construction
. . ...do ...
Manufacturing
do
:
Durable goods *
do
Ordnance and accessories .
_
.. do . .
Lumber and wood products
do
Furniture and
fixtures.
do ...
Stone, clav, and glass products
do .
113. 7
1 10. 9 ;
:
Primary metal industries
Fabricated metal products...
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
.do ...
do
do
do ...
do
do . i
Nondurable goods
Food and kindred products
Tobacco manufactures ...
Textile mill products
Apparel and other textile products
do
'
do
i
...do ...
do
.. do .. ,
•
87. 7 i
102.5 :
117.1 ;
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products.
Rubber and plastics products, nee
Leather and leather products
do
i
. . do i
do
do... do... ,
do... ;
115.3 !
1 1 0. 7 ;
118.6 :
8<>. 8
m3!
1-4. 'j :
109. o
\
%. o
H2.2
iitk 9
122. 9
S2 9
157." 4
90. 4
137. 69 '137.58 '139.30
139. 15
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
i
i
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. :t1
Mining
dollars .
Contract construction
do. . ..'••
i
Manufacturing establishments
do
r
Revised.
» Preliminary.
tSee corresponding note, bottom of p. S-13.
135 89
154.95 i
114. 90
142. 62
163. 81
122. 51
137.10 j 140.25
154. 94 159. 27
120. 18 118.21
141. 24
162. 43
122. 29
144. 52
169. 94
121. 69
U See corr espondin g
144. 09
164. 74
123. 30
145.52
167.52
122. 10
146. 35 138. 78 148. 43
172. 99 172. 80 158. 20
125.66 125. 77 125.97
note, b ottom ol p. S-13.
151. 03 149. 72 ' 149.53 ' 148.47
168.06 166. 90 166. 16 ' 170.75
127. 82 126. 05 ' 124.80 ' 127.39
151. 94
173. 80
126. 86
SURVEY OF CURRENT BUSINESS
May 11)69
19 68
19P8
19 "
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
S-15
Mai .
Apr.
June
May
Sept.
Aug.
July
Nov.
Oct.
Dec,
Jan.
Feb.
Mar.
Apr.r
LABOR FORCE, EMPLOYMENT, ANT) EARNINGS—Continued
WEEKLY AND HOURLY EARNINGS — Con.
Not Seasonally Adjusted — Continued
A \ £ . v>cekh pros'- eirnme c per prod, worker on
manufacturing pq\n IV— Continue d 'T
Purabli goods
dollars
Ordn mrc and m e t stones
do
Lurnbei and \\ood piodm ts
do
lurmtim and f i x t u H »
do
Stone el n , and trl < s products
do
123
132
94
91
117
HO
W
87
13
31
Li2
131
105
100
125
07
J'.
6*
2^
4n
129 f,X
l 3 i P'
100 f O
(^
12
ll'» 19
127
130
lOu
'»5
123
5s
33
90
2<j
85
132 2^
133 63
10 > 97
'« » SS
12n 30
132 9^
134 37
106 3<
101 52
127 62
131.02 130 2 ^
131 61 134 05
105 01 ! 107 1'
<i<) 14 ; K l 76
126 72 12S 05
H5
]C
IOM
l')4
130
01
76
(3
33
30
1
13.
13'»
10"
104
13*
137
123
13i
111
142
117
27
67
8Q
35
42
71
147 f>
132 1"
141 ss
11* OS
15') 72
121 Id
146
IN
UO
115
151
119
9S
23
41
Si,
49
62
66
60
150 52
124 62
H1) 71
112 61
146 16
115.44
95 12
Us 54 150 10
131 99 132 62
141.46 i 141.37
116 58 11* 15
157 38 155 55
110 s« 120 8S
US 75
99 25
148 75
130 41
140,11
116 51
I V 52
11939
96.36
'
i
!
J
!
j
i
142 36
132 O t
13 Mi
lls 37
150 70
121 20
97 71
H*
Ht>
143
121
160
123
99
bS ' 147 21
^5 ' I'ih o-,
82 14s 51
06 121 29
07 ' 162 92
62 123 62
50 100 15
Nondu table goods
.
Food and Mndied products
Tobicco n n n u f u tine 1 Textile null ptodm t<?
Appirel ai'd othei textile pioduct*
do
do
do
do
do
102
107
87
<^4
73
03
98 '
(>2
25
08 '
W
114
M3
<»1
7')
05
24
S7
05
7s
106. 79
111.08
92 01
89 84
SO 15
104. 76
110. 09
87.30
86 22
7f OS
108.26 ! 109.47
113 68 115 36
9S 14 102 31
8') 40
90 60
70 50 , 80 30
110.00
115.92
99 53
89. 19
79 06
1 110 55
i l i t 9(,
' (95 5*
<2 51
! 81 40
112
116
94
94
82
03
48
33
02
26
112
116
94
93
81
Pape? and nllu 1 p i o d m t s
Pnntiim and publishing
Clienm iK and alii' d products
PetToleuin i n d c t l p i o d m t ^ Kubbei and pi iMu - pmduets nee
Leathei and le itln > piodnets
do
do
do
do
do
do
122
125
128
1-2
113
78
«4
05
96
87
85
87
130
133
136
15'»
121
*5
8^
28
27
3S
18
11
125 9*
13.' 64
132 70
154 24
117.14
1L3 ^7
128 22
134. 60
16^ 54
113 32
81 92
12*
131
13f
15"
120
8)
13 > 32
132 94
136.45
1(,3 IS
121.42
85. 31
!
I
|
!
j
I
do
do
do
do
82
lit*
70
9r»
13
06
95
46
8t.
122
74
102
40
00
(
)5
12
84
119
72
9<>
85
80
93
80
84 85
119 89
73. 49
100. 00
85
120
73
101
3. 34
4.38
3.01
2.88
3.19
3.06
3.26
2.56
2.47
3.00
3.28
4.28
2.96
2.85
3. 14
3.02
3. 22
2.50
2.43
2.90
3.30
4.27
2.97
2,86
3.15
3.03
3.21
2.51
2.43
2.97
3 34 ;
3.55
2 9^ 5
3 17
3. 19 ,
3 37
2 77 i
2 'H
3.44
rf f .
2 8'
2 <n
2 3r>
2 10
3.49
3.11
3 3i
2 Ss
3 <1
2 94
1 4-)
3.55
3.10
3.31
\\holes\le and letail tiade
\\ holes ile trade
IUt<nl trade
Finance, insuiaiue and re tl esf ite
Average hourly gro^" earnings per pioductiori
\\orkeron payrolls of nonigi u n i t uril estab -f
Mining
_. .
. .dollais
Contract construction ....
do
Manufacturing
do
Excluding overtime
do
15
Durable good
.,
do
Excluding overtime^
do
Ordnance and accessories
do_.
Lumber and wood products
do
Furniture and
fixture?
.
do
Stone, clay, and glass products
do
Priman metal industries
Fabric ited met il products .
M i r l u m n , p \ < ( f f ilr trie il
Fk'ftncil eojuip .nd supf lie^
1 r m^portatio'M in p'ni*it
Instrun r»its i 1 i f l ir h 1 piodiKt
Mis< ellineoii n/ < P ' J e l u r m r n d
do
do
do
do
lo
do
do
Noridui il le jr. > K
Fxcludi'it r ictliMK
Fo>d ' t l l t T !f« ! p r u i rct>
Tobid o j i mi 'im l t \ t i l < i .ill [ r o l i i i t r
Appirel im' other (\\tile piod icfP a j r r in 1 M ' i o1 l pro Iu< ts
Pnntiiu n 1 ft ]! li nnp-.
( Lei n, 1 i i '' j p i o n u d s
P e t i o ^ K i u T 1 < « pr >du tJ i t j l brr »if. i i * * it *• prodn T , i» <
I < i l h r i an \ I* •>! er p r o d i u ' s
Whole il* an i rn i'l t r a d e
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' 1nit 1 ottO'tl ( f p - M
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
May 1969
1968
Mar.
Annual
Apr.
May
June
1969
Aug.
July
Oct.
Sept.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted index .
1957-59=100..
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation: A
Accession rate, total
mo. rate per 100 employees
New hires
__
do
Separation rate total
do
Quit
do
Layoff
- ..
do
Seasonally adjusted: A
Accession rate total
do
New hires
-do
Separation rate total
do
Quit
do
Layoff
do_
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
Work stoppages
number
Workers involved .
_
__ thous
In effect during month :
Work stoppages
number
Workers involved
thous.
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thous
Unemployment insurance programs:
Insured unemployment all programs©
do
State programs:
Initial claims
_
_ _ do
Insured unemployment, weekly avg do
Percent of covered employment :cf
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
thous
Benefits paid . . .
. . mil. $
Federal employees, insured unemployment,
weekly average
thous
Veterans' program (UCX):
Initial claims
do
Insured unemployment, weekly avg do
Beneficiaries, weekly average
do
Benefits paid
mil. $
Railroad program:
Applications
thous
Insured unemployment weekly avg do
Benefits paid
mil. $
182
200
202
188
187
189
185
198
219
213
222
226
221
229
232
4.4
3.3
4 6
2.3
1.4
4.6
3.5
4.6
2.5
1.2
3.9
2.9
4.1
2.1
1.1
4.3
3.2
4.1
2.2
1.0
4.6
3.5
4 3
2.4
1.0
59
4.7
41
2.3
.9
4.9
3.7
5.0
2.3
1.7
57
4.3
60
37
1.2
57
4.5
63
4 1
1.1
50
40
49
28
1.2
38
2.9
41
2.1
1.2
30
2.2
38
1.6
1.4
4 6
3.3
4 5
2.3
1.2
39
30
r4 o
2
1
r
10
P4 4
P3 4
v4 4
v2 4
» 1.0
4.1
3.4
4,6
2.4
1.2
4.7
3.5
4.5
2.3
1.1
4.6
3.4
4.7
2.5
1.3
4.5
3.3
4.5
2.4
1.1
4.6
3.5
4.7
2.4
1.2
4.5
3.4
50
2.6
1.3
4 7
3.5
4 7
24
12
4.8
3.7
46
2.6
1.1
4.7
3.5
4 5
2.6
1.1
4.7
3.8
4.0
2.5
1.0
4.9
3.9
4.6
2.7
1.1
r4 g
2 8
r
12
4 6
37
v4 6
P3. 9
p4 9
p2 8
* 1.1
4,595
2,870
4,950
2,630
330
130
490
438
600
252
500
167
370
163
420
140
400
151
480
267
270
112
200
107
320
182
330
137
420
112
42 100
47, 300
510
302
3, 550
690
545
4,910
810
580
5,650
750
331
4,260
630
316
3,810
690
290
3,660
670
268
2 820
720
379
3,570
500
224
2 210
410
170
1,650
480
255
3,380
500
266
2 590
600
261
2 080
5 817
5,733
438
482
496
538
542
531
561
540
426
360
1 270
1 187 1, 478
1,214
1 025
942
1 057
1 023
867
861
984
1,252
392
373
1 584 r 1 551
1 385
p231
397
11, 760
1 205
10,463
1 111
762
1,390
822
1,142
696
964
642
883
1,080
991
778
955
604
802
701
794
788
913
1,161
1,172
1,240
1 491
890
1 459
709
1 300
2.5
2.2
1 017
936
2, 092. 3 2, 031. 9
2.8
2.3
1,298
231.1
2.3
2.1
1,060
195.1
2.0
2.2
844
159.1
1.8
2.2
794
129.1
2.0
2.3
770
145.6
1.9
2.3
804
150.0
16
22
687
121 8
1.6
2.1
644
126.0
1.8
2.1
680
122.5
2.3
2.0
885
170.3
3.0
2.1
1,206
246.1
29
2.1
1 290
234 2
2.6
2.1
1,190
226.5
20
23
26
23
20
19
20
20
19
20
21
22
24
24
23
222
23
21
46.3
289
32
29
69.2
21
36
39
7.0
18
29
26
4.9
17
25
23
4.7
20
25
25
4.5
28
30
25
5.3
26
32
29
5.9
22
28
26
52
26
27
24
5.2
26
32
26
5.3
29
38
34
7.2
32
44
41
9.0
24
40
39
7 8
241
20
40.6
139
20
40 4
15
26
4.1
8
20
3.3
4
16
2.6
13
14
2. 1
19
16
2.3
10
16
3.1
7
18
31
9
20
4 0
6
18
3.4
11
19
3.6
12
24
4.8
27
43
42
80
g
23
4 3
21
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
_ _ _ _ _ mil. $
Commercial and finance co paper total
do
Placed through dealers
do
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts.. _
do
4,317
16 635
4 901
11 634
4,428
20 497
7 201
13 296
4,336
18 487
5 832
12 655
4,430
17 509
5 930
11 579
4,359
18 417
5 761
12 656
4,286
18 798
5 822
12 976
4,330
19 746
6 270
13 476
4,418
4,327
20 734 20 264
7 091 7 737
13 643 12 527
4
20
7
13
420
839
592
247
4,389
22 220
7 758
14 462
4,428
20 497
7,201
13 296
4,370
21 813
7 873
13 940
4,420
22 865
8 342
14 523
4,464
23 681
9,003
14 678
10 848
11 748
11 361
11 488
11 598
11 730
11 830
11 809
11 722
11 734
11, 677
11 748
11 907 Ul 946
12, 324
5 609
1 506
3 733
6 126
1 577
4 044
5 793
1 598
3,970
5 853
1 549
4 085
5 923
1 482
4 193
5 973
1 454
4,302
6 004
1 454
4,372
6,033
1 450
4,326
6,064
1,479
4,179
6 094
1 551
4 090
6,107
1 583
3,987
6,126
1 577
4,044
218 7
197.9
020 8
601 6
419.2
7 500 7
3 285 5
4 215 2
1 673 5
2,541 7
614 0
370 6
243 4
722 0
521 4
7 948 5
3 595 0
4 353 5
1 771 0
2 582 5
8 163 0
3 726 1
4 436 9
1 807 9
2 629 0
521 8
079.6
442 2
825 2
617.0
8 368 4
3 857.8
4 510 6
1 840 2
2 670 4
599 8
953 7
646 1
904 9
741 2
8 540. 1
3,925.9
4 614 2
1 904.1
2, 710. 1
6 169
1 630
4,108
6,226
1 680
U, 040
6,317
1 663
4,344
733 3
896 7
836 6
007 7
828 9
8 832 8
3 929 8
4 903 0
2 047 4
2,855 6
8 723 3
3 882 8
4 840 5
1* 974 3
2 866 2
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)O
bil $
New York SMSA
do
Total 232 SMSA's (except N Y )
do
6 other leading SMSA 'si
do
226 other SMSA's .
do
6 661 5
2 921 2
3 740 3
l' 471 8
2 268 5
8 002 2
3 635 2
4 367 0
1 765 5
2 601 5
Federal Reserve banks, condition, end of period:
Assets, total 9
...
mil $
75 330
78 972
72 892
74 393
74 736
75, 510
76 296
75 592
77, 388
77 215
78 977
78 972
77 635
77 849
78 772
82 213
51, 948
141
49, 112
11 481
56, 614
188
52, 937
10 026
52, 127
672
49, 691
10, 131
52, 612
741
50, 507
10 128
53, 436
1,026
50, 625
10 026
54, 610
305
52, 230
10, 025
54, 880
736
52, 397
10, 025
55, 461
529
53,044
10, 026
54, 707
390
53, 279
10, 026
55, 919
179
53, 329
10 026
55, 697
471
53,350
10 026
56, 614
188
52, 937
10, 026
55, 892
862
52, 127
10, 025
55,857 r 55,419
744
1,148
52, 275 52, 405
10, 025 10 025
58,108
2,532
53, 113
10, 023
do
75 330
78 972
72 892
74 393
74 736
75, 510
76,296
75 592
77, 388
77 215
78 977
78 972
77,635
77, 849
78 772
82 213
do
do
do
22 920
20, 999
42 369
23 473
21, 807
45 510
22 614
21, 133
41 490
22 885
21, 221
41 811
23 217
21, 334
42 137
23, 196
21,462
42, 534
23 496
21, 702
42, 857
23 314
21, 808
43, 179
22 949
21,233
43, 273
23 935
22, 316
43 472
23 667
22, 533
44 481
23 473
21, 807
45 510
24 295
23, 124
44, 170
23 909
22,801
43, 992
23 289
21,588
44 232
25 880
24, 344
44 196
27.1
22.0
24.4
24.2
23.8
23.6
23.4
23.2
23.2
23.1
22.5
22.0
22.7
22.8
22.7
22.7
Reserve bank credit outstanding, total 9 ..do
Discounts and advances
do
U.S. Government securities
do
Gold certificate reserves
.
. do
Liabilities, total 9
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
Ratio of gold certificate reserves to FR note
liabilities
percent..
r
7
3
4
1
2
7
3
4
1
2
Revised.
P Preliminary.
1 Beginning Feb. 1969, data for indicated month exclude
loans by Federal Intermediate Credit Banks outside the Farm Credit Adm. system now
reported quarterly only.
AAdjusted to new benchmarks and seasonal factors; see note "f," p. S-13.
©Excludes persons under extended duration provisions.
8
4
4
1
2
8
3
4
1
2
8
4
4
1
2
752.9
076.8
676 1
902 4
773.7
8
3
4
2
2
d*Tnsured unemployment as % of averaee covered employment in a 12-month period.
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
May 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
S-17
1969
1968
Mar.
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
26 069
25 694
375
565
190
26 077
25 694
383
515
— 132
26 653
26393
260
427
— 167
26 785
26461
324
569
—245
27 221
26 766
455
752
—297
28063
27,846
217
697
—480
27 291 r 26, 754
27,063 '26, 537
228
r 217
824
918
—596 r — 701
27 056
26 925
131
996
—865
81 848
127 277
92, 380
6,231
3 818
15, 752
88 930 76 244 78 384 76 132 76 163 78 839 76 793 78 029 79 134 78 963 88 930 81 120 r 79, 826 81 891
144 295 117 044 121 317 115 107 123 430 122 373 117 004 127 364 123 574 125 007 144 295 127 002 124 747 128 683
102, 818 84, 721 86, 147 83, 859 87, 998 87, 330 84, 929 88, 412 88, 655 91,495 102,818 90, 113 89, 131 93, 164
6,272
6,257
7,121
7,675
5,620
6,202
5,946
6,247
7,675
6 318
6,366
6 175
6 175
5 516
3,437
2 003
2 793
3 882
3 323
5 208
3 107
3 774
1 429 3 437
5 485
3 990
5 434
3 055
19,064 14 202 13, 394 13, 135 15 838 14, 582 13 635 16 216 14 896 15 596 19 064 14 596 14,915 16, 259
do
102 921
112,103 104 696 104 080 104 171 104 105 106 411 108 259 109 359 110 771 111 937 112 103 110 030 '•109,211 108, 387
79 374
134 765
92,700
7 005
6 946
16 315
106, 949
do
do
48 864
38, 273
do
do
do
do
do_
do
143 951
66, 201
8,340
10,415
29, 126
37 702
End of year
Apr.
May
June
July
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
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedcT
mil. $
Demand, total 9
do
Individuals, partnerships, and corp
do
State and local governments
do
U.S. Government
do
Domestic commercial banks _ _ _ _ do_
Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time— _ _ _ .
_
Loans (adjusted) , total cf
Commercial and industrial
__
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans.
Other loans
Investments, total
do
U.S. Government securities, 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. adj.:J
Total loans and investments©
bil. $_..
Loans O~ _ _ _ _ _ _ .
do
U.S. Government securities
do
Other securities. _
do
Money and interest rates: §
Bank rates on short-term business loans: t
In '35 centers
percent per annum
New York City
_
do
7 other northeast centers
do
8 north central centers
do
7 southeast centers
do
8 southwest centers
do.
4 west coast centers
do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent. _
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages) :t
New home purchase (U.S. avg.)
percent-Existing home purchase (U.S. avg.) _„ do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)... do___
Commercial paper (prime, 4-6 months).. do
Finance Co. paper placed directly, 3-6 mo.do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent _.
3-5 year issues _
.
do
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding end of year or month t
mil $
1
25 260 i 27, 221
i 24, 915 i 26, 766
U55
1345
1752
1238
1 107 i —297
49, 161
45, 013
26 001
25 702
299
525
—226
161, 824 142 034 144 838
73, 988 66 886 67, 625
9,533
6,938
6,578
11,866
9 597 10 540
32, 051 29 394 29, 675
40, 882 36 059 36 982
143 633
66 902
6,736
9 616
29, 982
37 777
148 694 149 812 148 615 153 411 151 926 154 023
69 041 68, 996 68 008 69 553 69 702 71 178
8,839
8 296
7,689
7 697
8 751 10, 245
10 557 10 340
9 789 10 587 10 240 10 287
30 364 30, 575 30 866 31,197 31 469 31 773
39 038 38 284 38 670 40 137 39 482 40 453
60
25
23
34
384.5
252.3
61.7
70.5
2
5.99
2
5. 72
2
6.34
2
5 96
2
5.96
2
6.06
2
26.68
26.45
27.01
2
6.72
26.50
26.66
26.64
48 990
39 632
61
27
23
34
482
208
423
308
60 885
26 005
23,210
34 914
61 136
26' 476
23, 942
34 694
352.5
229 0
59.9
63 6
355.2
231 4
60.3
63 4
357.3
232 6
61.0
63 6
48 274
41, 972
48 269
43 042
62 131
27 070
23, 253
35 060
64 129
27' 781
24 401
36 348
66 239
28 602
24, 701
37 637
357.8
233 5
60.4
63 9
365.9
238 4
63.1
64 4
370.4
241 1
63.9
65 5
374.8
243 8
64.0
67 0
5.50
5.00
5.50
6 71
5.50
607
6 75
5.50
6 71
6 92
6 96
6
0 C
2
2
A-t
48 522
45 106
68
30
24
37
051
099
770
952
379.6
246 9
64.2
68 5
5.50
A
K7
48 672
45' 926
66
28
24
38
525
231
480
294
381.6
250 4
61.0
70 2
48 650
43, 419
47, 737
42, 908
161 824 156 682 r!57 587
73 988 72, 896 ••73,727
7,390 ' 7, 234
9,533
11 866 10 401 r!0 535
32 051 32, 220 "•32
472
40 882 42 745 r 42 727
159, 640
75, 269
7,025
10,709
32, 627
42, 949
162, 397
76,688
7,233
11, 349
32,877
42,058
347
354
040
993
65 861
27 656
23, 649
38 205
193
146
851
047
64, 066
26, 073
22, 552
37, 993
63, 169
24, 791
22,500
38, 378
384, 5
252.3
61.7
70 5
385.3
253 8
60.4
71 0
386.7
257 9
57.8
71 0
385.9
257.3
57.1
71.5
389.9
260.6
57.6
71.7
5.50
5.50
6 68
6.00
49 161
45 013
68
29
24
38
48 340
44 416
6.61
6.40
6.95
6 69
6.44
6.48
6.62
6.89
6.67
7.16
6 96
6.74
6.86
6.86
6.85
2 ^ BQ
48 512
44 023
083
275
382
808
6.84
6.60
7.19
6.89
6.61
6.87
6.76
48, 335
44, 201
63
25
22
38
7.32
7.13
7.59
7 41
7.01
7.25
7.34
5.50
5.50
5.25
5.25
5.25
QC
6 96
6 96
6 96
6 97
6.98
7.10
5.25
6.61
r
R CQ
2
2
26.83
6.90
6.50
6 59
6.57
6 64
6.69
6.81
6.88
6.97
7.04
7.10
7
19
7.10
7 11
7.09
7 09
7.07
7 07
7.09
7.09
7.16
7.18
7.26
7 28
'7.32
'7.35
7.46
7.46
34.75
35.10
34.89
3
5.66
3
5.75
35.90
35.69
6.33
5 50
5.64
5.40
6.00
5.75
5.81
5.60
6.18
6.04
6.18
5.99
6.50
5.96
6.25
6.04
6.50
5.85
6.19
6.02
6.50
5 gg
5.88
5.74
6.50
5 63
5.82
5.61
6.50
5 79
5.80
5.59
6.50
5.97
5.92
5.75
6.25
6.20
6.17
5.86
6.50
6.46
6.53
6.14
6.97
6 47
6.62
6.33
7.00
6.66
6.82
6.38
7.26
6.86
7.04
6.38
7.50
3 35. 339
5 59
5.144
5 77
5.365
5 69
5.621
5 95
5.544
5.71
5.382
5 44
5.095
509
5.202
5 30
5.334
5 42
5.492
5 47
5.916
5 99
6.177
6 04
6.156
6 16
6.080
6.33
6.150
6.15
1 ftO QS1
-11-19 oc7
1f>q A-t i
104 620 105 680 107,090
83 433 84 448
86 184
32 364 32 874
33 336
22 248 22 452 22, 777 99 QSft
3 769
3 808
3 881
25 052 25 314
25 979
87 058
33 698
90 940
3 910
26 202
87 953
33 925
26.33
6. 40
34.321
3
5 07
1 f\0 1 39
m
"IQ1
Installment credit, total
do
80 926
89 890 80 474 81 328 82 312
34 130 30 942 31 331 31 818
Automobile paper
do
30 724
Other consumer goods paper
do
99 3Q*\
24 899 21 644 9-1 QA-I 22 Oil
Repair and modernization loans
do
3 925
3 688
3 746
3 789
3 697
Personal loans _ _ . . _ _ _
do
26 936 24 200 24 459 24 737
24 018
By type of holder:
Financial institutions total
do
77 457 69 840 70 600 71 560
69 490
Commercial banks
do
36* 952 33 082 33 562 34 079
32 700
Sales finance companies
do
18 219 16 759 16 868 17 010
16 838
Credit unions
do
9 271
8 975 9 109
10 178
8 972
Consumer finance companies
do
8 175
8 913 8 091 8? 144
8*? 103
Other
do
2 917
2 933
3 025
3 195
2 877
Retail outlets, total,.
_
do
10
752
10
634
12
433
10 728
11 436
Automobile dealers
_______
do
289
'293
298
285
320
Noninstallment credit , total
do
21 206
23 301 20 507 20 929 21 099
9 138
Single-payment loans, total
_ do
8,529
8 636
8 663
8 428
Commercial banks. _ _
do
7 526
7 526
7 416
7 975
7 340
Other financial institutions, .. _
do
1 163 1 113 1 110 1 137
1 088
Charge accounts, total
do
5,710
6,276
7,755
6,026
6,968
Credit cards
do
1 021 1 022
1 029
1 305 1 012
Service credit
do
6.268
6.160
5.810
6.408
6.267
r
Revised.
1
2
Average for Dec.
Average for year.
3 Daily average.
d*For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
4 8 - 3 2 2 Q - 69 - 6
Digitized for 3FRASER
25 713
25, 362
351
692
—341
48 597
39 993
346. 5
225.4
59.7
61.4
6 02
25 505
25 085
420
746
326
48 470
39 295
68 347
29, 354
24,040
38, 993
4.50
25 546
25 276
270
683
—413
48 386
39, 113
61 818
28, 371
22, 322
33 447
6. 09
25 580
25 224
356
671
—315
111 950
113 191 112 117
90 ap.o
3 931
26* 429
89 890
34 130
24 899
3 925
26 936
89 492
34 013
24 682
3 886
26 911
89 380
34 053
3 875
27 048
89 672
34, 262
24 306
3 874
27, 230
72 610 73 573 74 gQQ 75 114 75 871 76 446 77 457 77 360 77 577 78 006
34 585 35 103 35' 672 35 923 36 352 36 560 36 952 37 005 37 056 37 257
17 239 17 448 17 670 17 680 17 823 17 960 18 219 18 175 18 219 18 253
9 461 9 574
9 851
9 962 10 049 10' 178 10 101 10 153 10 294
9 739
8 302
8 397
8 913 8 879
8 530
8 588 8 685
8 896 8 927
8 490
3 023 3 051 3 119
3 195 3 200
3 130
3 146
3* 192
3 253 3 275
10 823 10 875 10 994 11 070 11 187 11 507 12 433 12 132 11 803 11 666
308
320
320
303
319
313
'317
319
313
319
21 187 21 232 21, 406 21 452 21 585 22 082 23 301 22 625 22 189 22 278
8,774
8,695
9 139
8 674
9 138 9 038
8 943 9 024
8 868
9 050
7 719
7 794
7 975
7 627
7 565
7 961
7 546
7*857
7 878
7 877
1
147
1 128 1 130
l'l63
1 160 1 173 1 178
l' 149 l' 149 1 167
6,574
6, 457
7,755
6,368
6 692
7,097
6,550
6 964
6 403 6 340
1,245
1 090 1 160
1 305 1 334
1 267 1 268 1 294
1 316 1 303
6.080
6.058
6.145
5.950
6.490
6.034
6.094
6.408
6.736
6.799
9Includes data not shown separately.
^Revised monthly data for commercial bank credit
for 1948-June 1967 appear on p. 44 of the Sept. 1968 SURVEY; those for consumer credit for
1956-67 appear in the Dec. 1968 Federal Reserve Bulletin; and those for 1965-66 for home mortgage rates will be shown later.
©Adjusted to exclude interbank loans.
§For bond yields,
see p. S-20.
fBeginning Feb. 1967, series revised to cover 35 centers and exclude rates for
certain loans formerly included (see May 1967 Federal Reserve Bulletin).
SUEVEY OF CURRENT BUSINESS
S-18
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
Annual
May 1969
1968
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
CONSUMER CREDITd"— Continued
Installment credit extended and repaid:
Unadjusted:
Extended, total
Automobile paper
_
Other consumer goods paper
All other
_ _.
Repaid, total
Automobile paper
Other consumer goods paper
All other
mil $
do
do
do
_ _
Seasonally adjusted:
Extended, total _ __
Automobile paper.. _ _ _ _ _
Other consumer goods paper
A l l other
_ _ _ _ _ _
!
do
do
do
do
84, 693
26, 667
26, 952
31, 074
97, 053
31, 424
30, 593
35, 036
7,501
2,565
2,295
2,641
8, 219
2,764
2,533
2 9^2
81, 306
26, 499
25, 535
29, 272
88, 089
28, 018
28, 089
31 982
7,260
2, 305
2,418
2,537
do
do
do
do
Repaid, total . _
Automobile paper.
_ _
Other consumer goods paper
All other
__
do
do
do
do
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending: 1
Expenditure account:
Receipts (net)
mil. $
Expenditure (excl. net lending),.. .. do
Expend, ncct. surplus or deficit (— )
do
Loan account:
Net lending
do
Budget surplus or deficit (— )
do
Budget financing: f
Borrowing from the public
do
Reduction in cash balances
do
Total, budget
financing..
do
Gross amount of debt outstanding!
do
Held by the public
do
Budget receipts by source and outlays by agency :U
Receipts (net), total
mil. $
Individual income taxes (net)
do
Corporation income taxes (net) .
do
Social insurance taxes and contributions
(net)
mil. $
Other_ _
do
Expenditures and net lending, total?
do
Agriculture Department
do
Defense Department, military
do
Health, Education, and Welfare Department
mil. $_.
Treasury Department..
__
do
National Aeronautics and Space Adm
do
Veterans Administration
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates :
Federal Government receipts, total
bil. $..
Personal tax and nontax receipts
do
Corporate profit tax accruals
do
Indirect business tax and nontax accruals do
Contributions for social insurance
do
Federal Government expenditures, total.. _do
Purchases of goods and services
do
National defense
do
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest paid
.
do
Subsidies less current surplus of government
enterprises
bil. $
Surplus or deficit (—)...
do
•
1
8, 377
2, 853
2, 520
3, 004
8,115
2,735
2,441
2,939
8,738
2,974
2,631
3,133
8,502
2,774
2,531
3,197
7,682
2,354
2,462
2,866
8,687
2,917
2,752
3,018
8,166
2,546
2,739
2,881
9,568
2,489
3,608
3,471
7,557
2,369
2,449
3,739
6,971
2,344
1,985
2,642
8,132
2,750
2,423
2,959
7,365
2,375
2,336
2,654
7,393
2,366
2,350
2,677
6,994
2,189
2,204
2,601
7,723
2,464
2,427
2,832
7,266
2,323
2,206
2,737
7,182
2,343
2,251
2,588
7,813
2,555
2,492
2,766
7,271
2,319
2,319
2,633
7,631
2,284
2,377
2,970
7,955
2,486
2,666
2,803
7,083
2,304
2,263
2,516
7,840
2,541
2,521
2,778
7,903
2,605
2,531
2,767
7,863
2, 509
2,597
2,757
8,033
2,590
2,535
2,908
8,003
2,570
2,536
2,897
8,247
2,673
2,622
2,952
8,187
2,684
2,483
3,020
8,416
2,783
2,560
3,073
8,533
2,782
2,645
3,106
8,288
2,681
2,640
2,967
8,277
2, 592
2,656
3,029
8,371
2,661
2,654
3,056
8,414
2,716
2,598
3,100
8,381
2,730
2,625
3,026
7 281
2. 316
2,372
2,593
7,222
2,297
2,340
2,585
7,301
2 327
2,312
2,662
7,287
2,289
2,324
2,674
7,390
2.352
2,374
2,664
7,253
2 327
2,209
2,717
7,701
2,482
2,428
2,791
7,586
2,391
2,451
2,744
7,454
2,363
2,388
2,703
7,502
2,357
2,422
2,723
7,730
2,467
2,442
2,821
7,616
2,468
2,352
2,796
7,735
2,501
2,461
2,773
19, 539 '11,651 ' 13, 203 '18,753 '10,716 '12,737
14, 374 ' 13, 903 '16,165 '16,029 '16,553 15, 070
2,726 -5,837 -2, 332
5,165 -2, 254 -2, 963
15, 820
14, 465
1,355
15, 845
15, 798
47
71
1.427
37
84
U49.562 i 153,676 11,870
U53.299 i 172,806 14,311
1-3,736 i -19,130 -2,442
19, 045 11.711
15, 199 15, 385
3,847 -3, 674
1-5,053 i -6,057
-611
1-8,790 i -25,187 -3, 053
-479
-856
3, 368 -4, 529
i 2, 838 1 23, 100 -1,350 -1,631
2,786
i 5, 952
1,743
4,403 -1,737
i 2, 087
8, 790 i 25, 187
3, 053 -3, 368
4, 529
i 341,348 i 369,768 368, 862 367, 749 373, 185
i 267,531 i 290,631 293, 227 291, 596 294, 383
1
1
149,562 i 153,676 11,870
i 61, 526 1 68, 726 3, 401
33, 971 1 28, 665
4,397
1
1
33, 347
i 20, 718
i 158,352
1
5, 841
i 67, 453
-207
-286
-55
2,518 -6, 122 — 2, 387
-373
-144
2
-1,912
4,059
-3, 752
2,839
418
1 887
4 598
3,125
-686
1,626
1,494
-1,100 '-1,493
'313
2,010
2,031
2,997
3,073
2,159 -1,710
1,912
-4,852 ' 2, 566 ' 3, 152 -2,518
144
6, 122
2,387 -1,427
-84
369, 768 373,355 378,017 372,615 375,365 375, 120 371, 267 373, 618 373, 164 373, 855
290, 631 294,690 297,529 293,001 296,126 295, 441 291,855 293, 481 291, 595 292, 012
19, 045
9,388
4, 242
11,711
3,805
650
19, 539 '11,651 '13,203 ' 18, 753 '10,716 '12,737
5,013
6,360
9,199
7,608
5,299
6,483
2, 175
5,000
7,300
538
1,278
559
15, 820
6,397
5,159
15, 845
10, 222
1.603
14, 590
7,287
682
13, 727
3,999
4,965
5,175
2, 080
16,241
565
6, 902
2, 411
2, 651
2,256
2,803
4,449
3,659
2,118
1,828 ' 2, 052 ' 1, 856 ' 1, 904 '1,883 ' 2, 035 2,147
14, 687 '14,217 '16,355 '16,235 '16,839 '15,124 14, 394
626
1,286
1,685
1,267
781
197
675
7, 192 ' 5, 461 ' 6, 440 ' 6, 408 ' 6, 768 ' 6, 336
6,702
2,176
1,844
15, 761
808
6,568
4,880
1,742
14, 734
395
6,227
2,865
1,898
15, 639
447
6,543
4,374
1,347
425
610
3,830
1,373
347
632
3,849
1,422
335
'649
4,007
1,511
385
712
i 34, 620
i 21, 666
i 178,862
i 7,308
i 77,373
2,256
1,815
14, 923
6,070
3,453
1, 962
15, 678
796
6,831
34, 608 i 40,576
i 13, 059 i 14,655
i 5, 423 1 4,721
i 6, 845 i 6,858
3, 581
1 31°
410
606
3,409
1,350
377
634
1
-313
-189
-313
4, 852 '-2,566 '-3,152
14, 590 13, 727
14,361 15, 637
'230 -1,910
3, 903
1,396
450
485
3,527
1,345
277
590
3,771
1,360
434
599
3,764
1,351
342
622
3,830
1,441
334
617
3,790
1,254
393
597
3,776
1,416
353
623
151.2
67.3
30.9
16.2
36.8
176.9
79.3
38.4
17.6
41.5
166.6
72.0
37.0
17.0
40.5
171.8
74.9
38.2
17.5
41.2
182.1
83.7
38.6
17.8
42.0
187.0
86.8
39 8
18 1
42 4
196.9
'92.4
39 9
' 18 3
46.3
163.6
90.6
72.4
42.3
15.7
10.3
182.2
100.0
78.9
47 8
18.4
11 9
175.1
97.1
76.8
45.1
17.7
11.3
181.9
100.0
79.0
47.7
18.3
11.8
184.9
101.2
79.6
48.7
18.5
12.1
186.9
101 7
19 2
19 3
' 189.7
' 102 4
'80.2
'50.5
19.8
12.6
4.8
4.1
3.9
4.1
4.4
4.1
r 4 4
-2.8
2
7.2
— 12.4
—5 4
—8 6
2 177.36
2 75. 42
2 10. 79
2 67. 52
261.95
2 5. 19
2 10. 06
2
1.56
26.83
2 187. 70
2 79. 18
2 13. 00
2 69. 75
2 63. 90
2 5.60
2 11.30
21.60
27.28
179. 48
76.97
9.35
68.06
62.42
5.26
10.36
1.18
8.30
-10.2
8n n
1
|
1
4Q
X
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies +
Bonds (book value), total
Stocks (book value), total
Mortgage loans, total .
N on farm
Real estate
Policy loans and premium notes
Cash
Other assets
_
_
_
do
do
do
do
do
do
do
do
Payments to policyholders and beneficiaries in
U.S., total
mil. $
Death benefits
do_
Matured endowments
do
Disability payments
do
Annuity payments
do
Surrender values
do_
Policy dividends
~do_~_~
13,293.6
5, 665. 3
1,017.1
174.6
1,261.3
2, 243. 1
2. 932. 2
180. 41
77.15
9.43
68.12
62.45
5.30
10.47
1.19
8.74
181. 23
77.42
9.59
68.34
62.63
5.34
10.60
1.17
8.78
183. 09
78.14
9. 94
68.71
62.97
5.42
10.81
1.40
8.68
183. 84
78.34
10.04
68.91
63. 15
5.47
10.92
1.35
8.79
184. 75
78.51
10.17
69. 02
63.25
5.50
11.03
1.45
9.07
185. 70
78.98
10.34
69.21
63.43
5.51
11.12
1.46
9.08
186. 89
79.32
10.51
69.41
63.63
5.54
11.20
1.45
9.47
187. 70
79.06
10.83
70.07
64.27
5.57
11.28
1.67
9.21
188. 97
79.95
11.07
70.20
64.44
5.62
11.40
1.42
9.31
189. 92
80.51
11.28
70.36
64.58
5.64
11.52
1.42
9.20
190. 83
80.74
11.48
70.48
64. 69
5.67
11.70
1.38
9.38
14, 385. 0 1, 278. 4 1, 155. 3 1, 177. 9 1,127.2 1,120.5 1, 198. 8 1,162.3 1, 247. 2 1,087.3 1, 506. 9 1, 293. 9 1,206.8 1,363.7
498. 6
476.4
508.7
499.2
6, 209. 3 575.4
525.8
507.3
562.2
547.8
466.1
541.2
616. 3
589.0
83.8
75.0
84.1
76.7
967. 2
90.5
74.9
75.4
80.1
89. 5
75.5
84.6
79.2
87.5
15.5
16.2
18.6
15.6
195. 6
18.0
15.4
15.9
15.5
15.0
16.8
18.7
17.0
18.5
112.2
113.2
117.2
118.7
117.3
1,401.0
111.8
112. 1
122. 8
117.0
123.8
110.8
127. 8
151.4
194.4
218.5
201.4
2, 456. 4
215.0
208.1
200.5
218.6
186.5
206.4
204.7
215.7
221.8
238.7
242.4
227.0
3, 155. 5
267.7
216.1
259.4
212.3
226.8
282.4
257.5
219.3
543.0
225.7
' Revised.
1
Data shown in 1967 and 1968 annual columns are for fiscal years ending June 130 of the
respective years; revised monthly data for July-Dec. 1967 will be shown later.
- Annual
statement values.
<? Sec. note " t" on p. S-17.
UTables showing cash transactions and administrative budget receipts and expenditures
182. 11
77.59
9.75
68.51
62.78
5.37
10.73
1.24
8.92
have been discontinued. Data shown in the indicated sections are from the monthly U.S.
Treasury Statement and are on the basis of budget concepts adopted Jan. 1968.
9 Includes data for items not shown separately.
I Revisions for Apr. 1966-Feb. 1968 will be shown later.
SURVEY OF CURRENT BUSINESS
May 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1968
Annual
S-19
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association^
Insurance written (new paid-for insurance):
Value estimated total
mil $
Ordinary (incl mass-marketed ord )t do
Groupt
do
Industrial
do
Premiums collected:
Total life insurance premiums
do
Ordinary (incl mass-marketed ord )t do
Groupf
do
Industrial
- do
1
11, 786
8,898
2,331
557
12, 450
9,253
2,594
603
11,416
8,435
2,431
550
11, 407
8,433
2,451
523
12, 295
8,470
3,305
520
11,161
8,101
2,533
527
18, 052
13, 510
3,201
1,341
1,484
1,128
257
99
1,459
1,095
266
98
1,512
1,146
266
100
1,431
1,083
252
96
1,510
1,119
291
101
1,514
1,129
285
100
1,429
1,072
258
99
1,567
1,192
276
99
1,425
1,084
246
95
1,833
1,243
340
249
1,519
1,165
252
102
1,493
1,137
263
93
1,560
1,181
283
96
10, 384 10, 367
413
-31
254 300, 630
19, 153 16, 094
10, 367
-49
9,199
59,648
10,367
-76
458
13, 361
10, 367
170
11, 732
18, 365
10,367
36
11, 484
20, 770
10,367
92
370
16, 128
10,367
-7
478
15, 824
10,367
-66
0
14, 292
10, 367
-28
202
15,005
10, 367
-16
192
22, 837
17, 017
12, 822
2,843
1,352
10, 484
-148
1,302
29, 283
93.1
8.4
91.5
7.5
90.5
7.4
91.5
7.7
93.7
8.3
92.4
87.9
83.5
83.4
19, 526
8,567
2. 203
18, 953
14, 306
2.377
41, 149
13, 019
2.464
35, 673
16, 543
2.314
17, 207
10, 844
2.195
18,806
13,421
2.208
20, 990
14, 182
1.973
11,884
11, 547
2.018
21, 529
10,496
1.959
8,653
6,719
1.979
3,435
4,894
2,017
46.6
3,807
2,826
2,841
47.2
3, 559
4,419
4,233
47.6
4,536
2,379
3,282
48.0
4,564
3,300
4,196
48.4
3,372
4,175
4,092
48.3
4,616
3,596
3,251
3,176
4,327
48.7
4,368
50.0
4,762
51.0
49.0
185.6
41.1
144.5
187.9
4.2
182.5
41.3
141.1
188.4
6.4
185.6
41.9
143.6
188.6
5.4
187.2
42.4
144.8
190.8
5.7
186.9
42.7
144.2
194.4
5.5
188.6
42.7
145.8
196.2
5.9
190.6
42.9
147.7
199.1
6.1
193.4
43.7
149.7
200.7
4.2
199.2
44.3
154.9
202.5
4.8
199.5
43.5
155.9
202.1
4.7
192.4 ' 192. 6
43.4 '43.8
149.0 ' 148. 8
202.0
201.6
4.5
6.6
196.8
43.9
152.9
201.6
5.1
184.3
41.4
143.0
187.1
186.1
41.6
144.5
187.6
187.4
42.0
145.4
188.2
189.4
42.2
147.2
190.4
190.3
42.6
147.6
193.8
189.5
42.7
146.7
196.6
190.2
42.8
147.4
199.5
191.9
43.2
148.7
201.9
193.1
43.4
149.6
204.3
193.7
43.6
150.1
202.5
193.8
43.9
149.9
201.0
' 194. 0
'44.2
' 149. 8
' 201. 0
195.8
44.3
151.5
200.8
59.7
126.7
42.3
57.4
36.2
61.0
129.5
43.0
58.8
36.1
62.4
131.4
43.4
59.5
36.6
64.3
140.3
43.7
59.9
37.0
65.2
147.7
43.7
60.8
36.5
64.7
144.7
43.8
61.3
36.7
66.3
143.1
45.6
64.4
37.7
66.5
144.6
44.9
63.0
37.4
65.9
147.7
44.5
61.1
37.5
64.9
137.0
46.1
66.3
37.7
67.8
145.4
47.4
67.8
39.1
65.8
143.1
46.1
64.5
38.9
29, 008
2,130
540
32, 069
2,209
654
7,430
501
129
8,286
521
167
7,635
590
180
8,718
597
178
333
796
3,261
5,497
672
1,061
1,165
635
889
3,525
5,794
769
1,149
1,186
113
193
878
1,491
79
225
334
173
239
904
1,400
240
306
413
179
211
852
1,442
254
269
177
170
246
891
1,461
196
349
262
1,316
2,893
2,297
1,320
2,947
2,518
268
641
572
356
796
581
349
745
605
347
765
760
809
2 356
3,884
13, 262
1,025
3,222
4,229
14, 189
238
862
906
3,325
285
957
949
3, 538
237
396
1,150
3,262
265
1 007
1 224
4,064
863
641
764
2,911
10, 367
91.8
8.2
SECURITIES ISSUED
Securities and Exchange Commission:
7,702
3,423
Estimated gross proceeds, total
mil. $.. 68,514
5,069
65, 562
By type of security:
3,152
7,402
Bonds and notes, total
do
4,628
60,
979
65, 670
1,157
1,566
Corporate
do
1,359
21, 954
17, 383
221
249
Common stock
do
295
3,946
1,959
49
51
Preferred stock
do
145
637
885
By type of issuer:
Corporate total 9
do
1,428
1.866
1,799
24, 798
21, 966
373
563
Manufacturing
do
111
6,979
11,058
Extractive (mining)
do
38
18
42
594
587
Public utility
do
180
557
456
5,281
4, 935
Railroad
do
14
0
13
246
286
Communication
do
192
104
86
1,979
1,766
147
105
348
Financial and real estate.-.
do_ .
2.433
2.820
r
Revised.
r> Preliminary.
1 Includes coverage on Federal employees of $8.3 bil. in
Dec. 1967 and $3.5 bil. in Nov. 1968.
2 Estimated; excludes
U.S.S.R., other Eastern Euro3
pean countries, China Mainland, and North Korea.
Includes revisions not distributed
to the months.
\ Revisions for Jan. 1966-July 1967 for insurance written and for Jan.-July 1967 for premiums collected will be shown later; those for money supply for 1963-Apr. 1967 are in the June
1968 Federal Reserve Bulletin.
fBeginning Oct. 1968 SURVEY, mass-marketed ordinary,
16,642
9,998
6,070
574
14, 421
9,139
4,670
612
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) ...mil. S.- 11,982
10, 367 10, 484
187
Net release from earmark§
do
-86
-234
Exports
tlious $ 1,005,199 839, 160 500, 800
Imports _
do
32, 547 226, 262 12, 596
Production world total
mil $ 2pi 410 o
1,068. 7 1, 088. 0
South Africa
-do
91.8
Canada
do
94.1
103.7
8.3
United States
do
53.4
Silver:
100, 710 -•250,810 ' 8, 957
Exports
thous $
Imports
do
80,178 ••142,872 "11,825
Price at New York. _
_ dol. per fine oz
2.145
1.550
2.180
Production:
Canada
thous fine oz
37, 206
45, 390
3,640
Mexico
do
3 37, 939
4,017
30, 354 ~~37~168~ 1,268
United States
do
Currency in circulation (end of period)
bil. $__
51.0
47.2
46.3
Money supply and related data (avg. of daily fig.) : t
Unadjusted for seasonal variation:
Total money supply.
bil. $
176.4
187.6
182.0
Currency outside banks
_ _ do
39.4
42.0
40.7
145.5
Demand deposits
do
137.0
141.2
192.2
Time deposits adjusted!
do
173.3
187.7
5.6
5.1
U.S. Government demand deposits
do .
6.6
Adjusted for seasonal variation:
Total money supply _ _
_ _ do
183.4
Currency outside banks
do. __
41.1
Demand deposits _
do
142.2
Time deposits adjusted^
_ _ do
186.7
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
62.9
Total (233 SM S A's) O _ .ratio of debits to deposits. . 56.7
59.3
New York SMSA
do
136.5
120.8
128.2
43.4
Total 232 SMSA's (except N.Y.)
do
40.1
41.6
59.7
6 other leading SMSA'sd"
do
53.4
56.5
226 other SMSA's
do
36.6
34.5
35.7
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 $
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clay and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip )
mil $
Machinery (except electrical)
do
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc )
mil $
M^otor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash) all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
13,802 1 15, 658
9,782
8,888
3,471 i 6, 234
549
536
141, 799 1 151, 898
94, 777 104, 806
39, 968 i 40, 485
6,607
7,054
1
7. 1
17,648
8,244
1.840
10, 417
9,086
1.825
49.0
49.5
4,984
4,913
9,759
3,819
6,111
3,294
3,812
' 4, 284 ' 4, 087 3,514
4,598
2,025
361
24
4,541
1,771
286
86
9,363
1,037
303
93
3,421
1,159
397
1
5,587
1,604
499
25
2,828
1,301
425
41
3,330
1,572
464
19
' 3, 825
' I, 616
'393
67
1.778
2,759
' 3, 278
' 1, 237 1, 344
657
'736
98
72
2,098
1,767
2,411
2,055 ' 2, 075 '2,045
2,129
1,432
1,557
2,143
491
421
'513
'403
767
640
651
362
453
843
168
'260
74
104
'150
70
66
35
21
27
404
443
315
627
674
319
507
446
475
239
44
26
50
13
11
39
9
5
28
20
232
56
163
186
41
156
115
95
239
239
274
272
249
232
522
142
234
332
197
201
formerly combined with group, is included under ordinary insurance; monthly data available
on new basis beginning Jan. 1966.
§ Or increase in earmarked gold (—).
U Time deposits
at all commercial banks other than those due to domestic commercial banks and the U.b.
Govt.
O Total SMSA's include some cities and counties not designated as SMSA s.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los AngelesLong Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-20
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
Annual
May 1969
1968
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
3 982
430
2,260
1 527
379
1 037
1 758 r 2 209
427
' 377
1 138 1 244
Feb.
Jan.
Mar.
Apr.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission—Continued
Estimated gross proceeds— Continued
By type of issuer— Continued
Noncorporate, total 9
mil. $
U.S. Government
_
_.do
State and municipal _ >
_ do
New corporate security issues:
Estimated net proceeds, total. _
Proposed uses of proceeds:
New money, total
_
Plant and equipment
Working capital
Retirement of securities
Other purposes
43, 716
19,431
14, 288
43 596
18, 025
16, 374
3,270
418
1,363
1,995
405
1,277
5,836
3,805
1,134
2,573
383
1,360
2,770
417
1,422
8 326
5 850
1,666
2 262
361
1,423
r
2 041
443
974
1,416
382
520
_do__
24,409
1,765
1,397
1,829
2,367
2,097
1,397
1,513
do
do
do
_do_ .
do
22, 230
16, 154
6,076
312
1,867
1,592
1,253
339
24
149
1,210
897
313
12
175
1,647
1, 102
546
4
177
1,944
1,263
681
33
389
1,985
1,143
841
6
106
1,074
744
330
3
320
1,281
912
370
15
216
do
do.-.
14, 288
8,025
16, 374
8,659
1,363
1,090
1,277
669
1, 134
972
1,360
422
1,422
673
1,666
835
1,423
459
2 260
856
1,037
975
1 138
' 576
1 244
1
791 i 1, 002
7 948 1 9 790
2, 763 i 3, 717
820
7 248
2,692
834
7 701
2 979
850
8 268
3 064
868
8 728
3 293
977
8 861
3,269
885
8 489
2,984
964
8 723
3 126
1 024
8 859
3 407
1 064
9 029
3 419
1 002
9 790
3 717
r
1 054 1 056 1,063
8 348
9 107 Tr 9 148
3,294
3 647
3 597
81.8
100.5
76.4
93.4
76.9
92.7
76.2
94.7
75.3
92.7
75.6
92.8
76.1
95.2
78.1
95.9
78.4
93.9
77.0
92.7
75.7
91.2
72 8
88.5
72 3
88.0
71.8
86.4
70.6
83.7
70.1
84.2
76.55
72.33
70.98
72.06
70.89
72.58
73.99
74.48
73.95
72.44
71.27
68.47
67.61
66.55
64.90
67.73
6, 087. 43 5, 669. 52 434.68
5, 393. 60 5, 458. 55 432. 90
523 16
499. 30
549. 78
520. 63
445 94
429. 15
388. 82
375. 37
364. 07
343. 50
397. 77
397. 81
522 32
533 78
501. 27
474. 36
586 72
555 81
498 22
517 50
399. 88
409. 00
388. 20
426. 23
5, 428. 00 4, 401. 93 356. 71
4, 862. 48 4, 447. 68 367. 88
383. 18
386. 64
394. 65
404. 34
336 37
335. 50
313. 26
317. 38
286.17
277. 57
304. 64
323. 61
406 30
430 97
395. 10
383. 79
448 22
456 37
389 95
409 21
303. 99
319. 45
306. 40
345. 57
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil $ 3, 955. 54 3, 814. 24 317. 43
351 55
346 53
276 51
269. 07
252. 18
305. 18
363 54
343. 20
387 20
344 56
289. 19
280. 23
325. 13
_
_ __
State and municipal issues (Bond Buyer) :
Long-term, _
Short-term...
... _ _.
' 640
T
r
974
837
520
783
1,611
1,237
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
mil $
do
do
1
1
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (A A A issues) :
Composited"
..dol. per $100 bondDomestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable^
do -..
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil $
Face value- .
do
New York Stock Exchange:
Market value
do
Face value.
_ _
do
Yields:
Domestic corporate (Moody 's)
percent _ _
By rating:
Aaa._
do
Aa
do
A.
do
Baa
_
do
By group:
Industrials. __
_
do
Public utilities
do _
"Railroads
_
do
Domestic municipal:
Bond Buyer ( 2 0 bonds). _ _ _ _
_ _ do.
Standard & Poor's Corp. (15 bonds)
do
2
5.82
6.51
6.42
6.53
6.60
6.63
6.57
6.37
6.35
6.43
6.56
6.80
6.89
6.93
7.11
7.17
2 5.51
5.66
5.86
6.23
6.18
6.38
6.54
6.94
6.11
6.28
6 43
6.85
6 21
6.38
6 57
6 97
6 27
6.48
6 62
7.03
6.28
6.50
6.65
7.07
6.24
6.45
6.60
6.98
6.02
6.25
6.38
6.82
5.97
6.23
6.39
6.79
6
6
6
6
09
32
47
84
6.19
6.45
6.59
7.01
6
6
6
7
6
6
6
7
59
73
93
32
6.66
6.77
6.97
7.30
6.85
6.95
7.13
7.51
6.89
7.02
7.21
7.54
5.74
5.81
5.89
6.41
6.49
6.77
6 33
6.39
6 67
6 42
6.54
6 79
6 49
6.60
6 87
6.54
6.60
6.88
6.50
6.53
6.82
6.26
6.30
6.72
6.24
6.27
6.70
6 34
6 39
6 72
6.47
6.58
6.78
6 72
6 85
6 97
6 78
7.02
6 98
6.82
7.05
6.98
7.02
7.23
7.16
7.07
7.26
7.25
3.96
3.98
4.47
4.51
4.54
4 56
4.44
4 41
4.64
4 56
4.48
4.56
4.11
4.36
4.38
4.31
4.36
4.47
4 56
4 56
4.64
4.68
4 85
4 91
4.91
4 95
5.04
5.10
5.25
5.34
5.10
5.29
._- - do __.
4.85
5.25
5.39
5 28
5.40
5.23
5.09
5.04
5.09
5.24
5.36
5.65
5.74
5.86
6.05
5.84
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars _.
Industrials
do
Public utilities..
do
Railroads
do
N.Y. banks
.
do
Fire insurance companies
do
8.26
9 03
4 34
4 62
5 35
7 82
8.53
9 24
4 50
4 55
5 82
8 6?
8.42
9 12
4 46
4 52
5 69
8 08
8.46
9 18
4 48
4 52
5 78
8 08
8.47
9 18
4.48
4 52
5. 78
8 08
8.47
9.18
4.48
4.55
5.78
8.08
8.49
9.20
4.50
4.55
5.78
8.08
8.52
9.23
4.50
4.55
5.78
9.00
8.52
9.23
4.55
4.55
5.89
9.00
8.56
9 25
4 55
4 55
5.89
9 24
8.78
9 55
4.56
4 62
6.09
9 86
8.78
9 57
4 58
4 62
6 14
9 86
8.86
9 67
4 58
4 62
6 14
9 86
8.90
9 72
4.58
4.62
6.14
9.86
8.91
9.73
4.59
4.62
6.23
9.86
8.93
9 77
4.59
4.62
6.23
9 86
246. 54
290 05
101 87
95 91
261. 92
315 86
98 37
101 00
242. 77
290 96
92 66
86 75
85
20
93
62
262. 95
318 40
92.08
10? 23
268.14
320. 51
100. 10
105. 57
264. 13
314. 45
99.76
100. 77
266. 57
317. 73
99.25
101. 90
267.62
328.32
98.50
109 77
269. 92
329 50
98.83
109 53
281.46
343 13
107. 33
115 18
268.18
326 90
104 04
111 24
266. 05
321 13
106 49
114 38
254.46
309. 17
101.51
106.17
263. 90
324. 26
99.88
104.88
277. 63
330. 61
99.64
102 33
3.35
3.11
4 26
4.82
3.87
3.47
3.26
2.93
4 58
4 55
3.43
3.21
3.47
3.13
4 81
5 21
3.86
4.11
3.22
2 88
4 82
4 78
3 66
3 94
3.22
2.88
4 87
4.42
3.63
3.38
3.16
2.86
4.48
4.31
3.30
2.71
3.21
2.93
4.51
4.52
3.17
2.85
3.20
2.90
4.53
4.47
3.24
3.00
3.18
2.81
4.62
4.15
3.28
2.66
3.17
2.81
4.60
4.15
3.01
2.69
3.12
2.78
4.25
4.01
3.07
2.83
3.27
2.93
4 40
4. 15
3.43
2.76
3.33
3.01
4 30
4.04
3.21
2.85
3.50
3.14
4.51
4.35
3.54
3.02
3.38
3.00
4.60
4.41
3.42
3.25
3.22
2.96
4.61
4.51
3.49
3.27
U.S. Treasury bonds, taxable©
2
45
66
85
23
Stocks
Price per share, end of mo., composite
do
Industrials
do
Public utilities.- .
. do
Railroads
do
Yields, composite
Industrials
Public utilities
Railroads _
N.Y. banks
Fire insurance companies
percent..
do
do
do
. do
do .
-
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR. , for 12 mo. ending each qtr.) :
Industrials
dollarsPublic utilities
do
Railroads
do
262
319
92
94
17.62
16.21
15.76
6 67
6 74
6 78
6.74
7. 51
6.72
r
2
Revised.
1 End of year.
Beginning Dec. 18,1967, Aaa railroad bonds not included.
9 Includes data not shown separately.
cTNumber of bonds represented fluctuates; the change in the number does not affect the
15.78
18. 33
20.17
6.67
6.73
6.74
7.17
6.88
7.51
continuity of the series.
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
S-21
SURVEY OF CURRENT BUSINESS
May 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1969
1968
1968
Annual
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks — Continued
Dividend yields, preferred stocks, 10 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,-
5.34
5.78
5.80
5.86
5.92
5.90
5.74
5.59
5.63
5.76
5.82
5.93
5.93
5.94
6.09
6.14
314. 79
879. 12
132. 65
242. 38
322. 19
906.00
130. 02
250. 09
292. 86
834. 76
123. 66
217. 94
309. 31
893. 37
123. 59
230.63
318. 17
905. 22
122. 72
246. 85
327. 12
906. 82
127. 66
262. 95
327. 41
905. 32
133. 11
259. 95
318. 15
883.72
131. 15
249. 52
329. 15
922. 80
130. 80
258. 53
340. 25
955. 47
130. 40
270. 41
344. 39
964.12
137. 57
270. 51
347. 57
968. 39
138. 26
275. 36
337.64
934. 99
135. 62
268. 78
337. 85
931. 29
136.89
269. 75
322. 11
916. 52
130. 90
245. 26
320. 24
927. 38
129. 14
238. 01
91.93
98.70
89.09
95.67
97.87
100. 53
100.30
98.11
101.34
103. 76
105. 40
106. 48
102.04
101.46
99.30
101. 26
. do
_ _ _ d o . _.
do
_ _ do __
do
99.18
96.96
79.18
68.10
46.72
107. 49
105. 77
86.33
66.42
48.84
96.77
96.32
77. 49
62. 62
41.68
104.42
104. 08
84.79
63.66
44.79
107. 02
106. 86
87.75
62.92
48.00
109. 73
110. 65
89.04
65.21
51.72
109. 16
108. 12
88.38
67.55
51.01
106. 77
104. 92
85.73
66.60
48.80
110. 53
107. 57
88.46
66.77
51.11
113. 29
108. 48
91.36
66.93
54.26
114. 77
109. 75
92.04
70.59
53.74
116. 01
111.44
91.91
70.54
55.19
110. 97
106. 56
87.69
68.65
54.11
110. 15
105. 47
87.93
69.24
54.78
108.20
103. 76
86.69
66.07
50.46
110. 68
105 54
88.21
65.63
49.53
do
do
36.40
66.46
44.69
81.71
38.38
70.59
40.35
73.18
42.19
76.43
43.72
79.66
48. 58
85.91
47.38
84.74
46.99
84.59
49.65
89.83
52.46
98.15
50.99
99.19
49.49
92.57
49.52
94.50
46.10
90.89
47.04
93.39
Fire and casualty insurance (16 stocks)... _ do
62.29
73.64
53.31
53.61
59.23
72.52
78.11
78.11
82.97
96.19
95.35
98.30
95.51
96.80
88.29
86.47
50.77
51.97
53.51
45.43
49.82
55.37
58.00
50.58
44. 19
65. 85
49.48
51.54
43.29
41.78
52.98
53.23
56.03
46.85
42.46
57. 56
54.85
58.04
49.92
42.07
60.43
56.64
59.83
52.86
43.30
64.60
56.41
59.12
51.59
44.69
68.90
55.04
57.59
49.01
44.09
68.19
56.80
59.57
51.94
44.53
71.77
58.32
61.07
55.24
45.22
77.50
59.44
61.97
55.96
47.18
79.55
60.32
63.21
57.30
46.73
79.00
57.82
60.32
56.35
45.64
75.58
57.33
59.61
56.18
45.98
75.26
55.69
58.30
51.52
44.06
70.60
56.61
59.41
50.88
44.34
72.38
196, 358
5,' 312
12, 632
336
17, 571
'453
20, 012
568
18, 582
510
16, 529
444
14, 038
376
13,735
388
18, 560
479
16, 165
412
18,864
508
17,957
515
15, 085
407
13, 128
366
144 978
3^299
9,672
221
13 310
'298
14, 341
333
13,548
305
12, 373
283
10, 493
244
9,868
231
13, 727
305
11,979
261
13, 844
314
13,056
305
11,007
247
9,755
237
2,932
193
296
292
257
243
194
228
272
252
268
267
210
199
237
692. 34
13, 196
568. 51
11,897
619. 04
11,936
631. 82
12, 158
641. 04
12, 330
628. 88
12, 440
640. 17
12, 626
668.36
12, 714
676. 18
12, 891
716. 40
13,042
692. 34
13, 196
689.24
13, 326
654.51
13,448
672. 59
13, 657
691. 07
13, 806
Industrial, total (425 stocks) 9
Capital goods (130 stocks)
Consumers' goods (181 stocks)
Public utility (55 stocks) ._
Railroad (20 stocks)
Banks:
New York City (9 stocks)
Outside New York City (16 stocks)
New York Stock Exchange common stock indexes:
Composite
12/31/65= 50. _
Industrial. __ __ __
do
Transportation
do
Utility
_
do
Finance
do
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
161, 746
Shares sold
millions
4^504
On New York Stock Exchange:
Market value
mil $
125, 329
2,886
Shares sold (cleared or settled)
millions- New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
2,530
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares .._
bil. $
Number of shares listed
millions_-
605. 82
11,622
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
01 coa 9
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
A sia
Australia and Oceania
Northern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
_
Malaysia
Indonesia
Philippines
Japan
.
Europe:
France.. _
East Germany _ _
West Germany
.
_
Italy
Union of Soviet Socialist Republics
United Kingdom
_ _ do
K
9 fi81 7
o ooo A
9 QRfi 9
1 182 3
7 146 3
1, 017. 4
10, 297. 7
-
1 269 5
7 579 6
1, 025. 9
11, 151. 3
87 7
613 5
81.3
855. 4
2 734 Q
2 857 2 3 002 7 2 783 6 3 195 8 3 096 6 12 111.3 2 179 1 3, 418. 0
126.4
718.5
93.2
7ft9 8 1 182 3
127 5
669 8
93.1
938. 8
117 7
600 9
96.0
961.0
108 2
618 8
74.0
863.3
100 1
586.4
73.3
880. 6
110.3
609.8
92.5
115.8
628. 1
98.6
94.2
543.4
80.8
109.6
690.0
78.5
94.6 142.2
702.8 i 410. 9
77.2 152.3
48.7
400.4
36.8
637.4
594.1
565.9
661.2
769.57
791.5
687.3
991 3
184.0
277.4
6
702.3i i1 687.
900
153 9
265.5 1 101. 8
179 2
123.8
788.9
243.0
265.7
1 R^7 7
7, 165. 9
8,059.8
630.5
695.0
735.9
do
2, 354. 0
2, 742. 2
196.6
236.7
232.2
209.0
250.3
249.1
256.4
do
do
66 0
426 4
48 4
455 2
29
26 6
1 4
47 0
6 9
44 5
6.9
34 2
34
36 5
2.2
43 3
3.3
36.3
11.1
36.3
3.1
43.1
3.9
32.9
11.4
119.9
1.0
24.0
3.5
49.1
do
do
do
do
955.4
347.3
895 4
874 9
717.6
301.9
53 6
72 4
80.5
27.0
53
83 3
74.1
23.9
4.7
83 0
50.9
17.6
67 9
51.3
25.0
3.8
59 6
43.7
18.6
4.3
81.8
52.1
24. 2
4.5
79.3
40.6
29.1
3.9
67.3
33.9
28. 5
3.7
66.9
51.0
33. 2
3.8
66.4
62.7
147.2
118.7
'29.9
11.7
4.2
11.8
1.9
86.5
48.9
19 4
4.1
18.7
23.5
28.8 120.6
i
193.
2
274.9
4.6
22.9
211.7
285.7
49 2
O o
m
1 ft R
10.0
45.6
2, 695. 0
436.3
2, 949. 8
14.0
32.1
230.3
21.5
38.5
250.4
15.4
49.0
235.0
11.8
38.4
228.3
8.5
34.0
230.3
9.9
36.6
247.4
12.5
40.5
249.9
12.6
24.3
223.7
23.3
32.3
276.7
do
do
.do
1, 024. 5
26.3
1, 075. 7
1, 077. 7
29.2
84.4
1.1
130.8
98.2
3. 2
161.6
100.6
2.4
150.6
79.2
81.7
.5
134.4
82.2
3. 7
162.2
84.7
2.9
158.5
79.6
102.2
95.7
137.1
133.1
142.3
160.0
158.5
i 2
191.2
76.7
12
101.5
123.9
2 5
178.5
do
do
do
972.8
1,119.6
93.6
6.2
151 5
87.5
5.4
166.6
94.0
3.8
183.2
103.3
4.3
170.8
103.3
4.6
162 9
99.3
6.9
182.5
88.2
2.2
201.3
86.6
2.4
204.9
93.4
6.9
223.6
100.6
6.0
186.0
158.0
14.1
1 162. 3
78.3
5.5
125.3
229.3
do
do
_ do
68.4
430.4
169.2
1,711.8
60.3
57.5
1 959 6 2 179 7
North and South America:
Canada
mil. $.. 7. 164. 7 8. 058. 3 629.5
695.0 735.9
T
Revised.
i Beginning Jan. 1969, data cover shipments of silver ore, base bullion
(incl. sweepings, waste, and scrap), and refined bullion, formerly excluded. The 1968 annuals,
and monthly data beginning Jan. 1968, for total exports and imports only have been restated to
9 833 8
30, 934. 4 134, 087. 4 r 2,647.0
do
do
do
_
fififl
2,961.2 2,962.4 2,784.1 2,675.8 2,803.5 2,959.5 2,735.1 3,135.9 3,047.5 12,056.7 2, 144. 7 3, 366. 7
2 438.8 '2 855 8 '2 741.6 '2,870.6 '2,859.0 '2,949.3 '3,224.7 '2,634.1 '2,974.5 '2,979.2 '2,093.3 '2,296.7 3, 196. 0
do
do
__.
1<3A
A. ft
114.1
10.0
702.3 i 687. 6 687.3 788.8
791.5
769.4
637.3 594.1 565.9 661.2
reflect the revised coverage.
^Number of stocks represents number currently used; the
change in number does not affect continuity of the series.
9 Includes data not shown
separately.
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1969
1968
Mar.
Annual
May 1969
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
447.8
35.7
71.0
29.4
25.3
127.9
63.9
i 222. 9
111.8
122.6
19.3
110.0
1
101.8
136.2
256.7
17.8
26.5
8.8
10.8
102.5
39.1
440.5
40.8
66.3
32.9
23.0
120.7
62.0
FOREIGN TRADE OF THE UNITED STATES— Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading; countries — Continued
North and South America — Continued
Latin American Republics, total 9
Argentina
Brazil .
Chile
Colombia
Mexico
Venezuela
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products, total
Nonagri cultural products, total
mil. $__ 4, 123. 5
do
230.1
do
547.2
do
248.1
do
217.9
do
1,221.6
do
587.2
do
do
do
do
4, 689. 2
281.4
708.6
307.1
319.1
1,364.6
655.0
358. 4
14.6
41.2
32.2
29.1
120. 5
47.1
402.3
19.7
61.2
18.1
26.2
111.4
59. 4
405. 9
22. 3
55.0
22.8
29.9
123.6
53.5
378.4
16.7
53.7
23.1
28.9
121.9
48.5
410.7
25.5
64.7
38.3
28.2
111.4
55.4
404.5
21.8
74.6
29.0
26.8
105.7
54.3
410.5
30.7
65.0
32.4
22.8
97.9
63.5
345.4
18.6
40.3
17.7
26.8
118.3
53.5
436.8
41.3
87.0
24.7
29.7
112.5
60.7
31, 142. 1 !34,227.4 2,643.2 2,964.4 2,948.9 2,799.8 2,699.6 2,819.2 2,968.7 2,737.9 3,161.9 3,056.0 2, 071. 5 2, 146. 8 3, 372. 8
30, 550. 2 !33,654.3 2,608.5 2,925.2 2,925.1 2,750.1 9 640 5 2,765.4 2,925.5 2,689.3 3,102.0 3,007.0 2, 016. 8 2, 112. 4 3, 321. 5
516.9
6, 379. 8 6, 228. 0
544. 5
523.9
497.6
461.4
489.2
463.9
239.6
465.8
177.7
610.8
469.7
609.5
24,762.3 27, 753. 7 '2, 091. 0 2, 423. 5 2, 433. 3 2, 235. 8 2, 198. 6 2, 313. 4 2, 481. 1 2, 253. 9 2, 541. 0 2, 423. 8 1, 893. 8 1, 907. 2 2, 855. 9
By commodity groups and principal commodities:
Food and live animals 9
mil. $_. 4, 060. 9 3, 889. 6
Meats and preparations (incl. poultry) __ do
151.3
161.6
Grains and cereal preparations
do
2, 677. 9 2, 463. 1
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
do
do
do
do
3, 279. 7 3, 494. 6
459. 4
463.8
810.0
771.6
1
519. 5
539. 2
Mineral fuels, lubricants, etc. 9
Coal and related products
Petroleum and products
do
do
do
1, 104. 1
501.4
538.6
1, 055. 6
523.9
460.0
337.9
648.7
702.5
353.6
10.1
249. 2
334.7
11.5
225.4
313.9
10.6
183.3
287.7
10.0
176.5
297.0
10.3
183.4
326.0
15.3
197.9
289.5
16.6
167.0
278.2
15.4
150.4
336.3
21.6
200.4
366.3
16.9
237.8
129.5
10.8
53.0
168.2
12 2
8l!l
322.9
18.3
174.8
37.0
46.5
52.6
55.2
48.5
73.0
88.1
45.6
82.5
76.1
13.5
12.6
52.2
308.9
49.3
68. 6
54.3
313.0
45.8
61.3
57.9
302.9
45.1
57.1
50.5
245.3
33.9
52.5
33.5
271.6
43.4
47.5
36.0
264.7
24.4
47.8
44.5
266.0
30.5
38.4
51.2
280.8
17.9
88.2
39.4
348.6
22 2
132^3
50.6
317.1
33.2
101.9
38.5
i 139. 1
7.2
2.9
125.6
176.8
6.5
31.3
30.3
298.7
14.8
100.0
40.8
78.6
33. 5
39.9
89.6
45.9
38.1
92.8
48.9
39. 1
87.0
42.5
38.1
90.4
42.3
41.4
102.4
58.3
39.4
106.5
54.3
46.8
78.2
38.4
34.4
92.4
46.8
39.7
90.7
46.5
40.1
73.8
42.4
25.5
61.3
34.0
23.4
76.1
33.5
33.7
Animal and vegetable oils, fats, waxes
do
274.5
24.3
23.1
20.9
29.3
20.2
20.3
25.0
21.2
20.1
28.5
14.0
15.3
22. 2
Chemicals
do
2, 801. 6 3, 288. 9
257.8
292.5
287.5
260.2
278.8
304.3
334.9
249. 3
272.8
276.5
166.6
181.8
300.5
Manufactured goods 9
Textiles _
Iron and steel
Nonferrous base metals
do
do
do
do
3,391.1
530 9
561.9
516.8
264.1
39.5
39.6
32.5
318.6
47.9
47.3
40.2
326.0
46.9
46.8
54.0
307.2
40.8
45.0
57.1
298.6
40.1
46.5
56.4
320.6
44.9
47.8
57.8
379.2
51.1
63.3
72.0
313.9
39.1
55.7
55.1
351.2
46.0
65. 1
62.4
332.8
42.4
66.9
54.6
i 214. 9
24.0
34.7
134.8
243.9
30.5
38.1
36.6
409.4
60.0
78.3
58.8
Machinery and transport equipment,
3, 738. 6
522.3
610.2
i 600. 8
total
mil. $_. 12, 574. 1 14, 462. 0
1,237.1 1,118.6 1, 123. 0 1, 199. 4 1, 179. 4 1, 384. 4 1, 276. 9 1, 095. 6 1, 071. 2 1, 539. 6
1,074.2
1,273.2
1,272.4
Machinery, total 9
Agricultural
Metalworking
Construction, excav. and mining
Electrical
do
do
do
do
do
8, 050. 6 8, 606. 4
614.7
626.7
338.9
333.8
1, 038. 1 1, 099. 1
2, 098. 2 2, 286. 0
669. 2
47.6
25. 5
80.3
178.8
785.3
56.8
35.5
99.4
200.7
769.8
58.0
39.1
99.7
197.3
711.8
51.5
26.9
95.2
193.3
692.6
54.0
28.9
96.6
180.8
705.9
45.2
28.6
94.6
190.3
734.3
51.8
23.6
98.2
196.5
703.8
49.8
22.0
83.8
199.5
761.8
54.3
24.0
97.2
199.0
718.5
55.3
21.8
94.2
194.4
554.4
35.7
16.3
57.2
165.2
590.3
45.0
16.2
67.6
168.7
943.1
63.6
38.3
110.9
249.2
Transport equipment, total
Motor vehicles and parts
do
do
4, 523. 5
2, 733. 9
5, 855. 6
3, 372. 3
405.1
249.1
488.4
290. 3
502.7
299.2
525.4
257.6
426.0
214.9
417.1
198.0
465.2
284.7
475.6
307.1
622.6
353.0
558.4
318.8
541.2
284.7
481.0
264.1
596.5
351.4
Miscellaneous manufactured articles
do
1,985.4
2, 146. 3
170.4
188.2
190.2
168.9
170.2
190.5
181.8
183.5
192.9
174.1
149.5
159.6
241.2
Commodities not classified
do
958.8
929.2
65.6
65.8
71.2
81.0
78.0
80.5
87.8
69.3
95.6
75.0
56.1
110.0
do
do
26, 812. 3
33,251.8
General imports, total
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America _
By leading countries:
Africa:
United Arab Republic (Egvpt)
Republic of South Africa "
Asia; Australia and Oceania:
Australia, including New Guinea
India.
Pakistan... _ _ _
Malaysia
Indonesia __
Philippines _ .
___
Japan.
Europe:
France
East Germany.
West Germany
Italy
Union of Soviet Socialist Republics ...
United Kingdom
North and South America:
Canada
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Mexico
_ _ _
Venezuela ..
' Revised.
i See note 1, page S-21.
2 Includes data not shown separately.
70.8
2,569.8 2,754.3 2,840.7 2,661.0 2,827.1 2,749.6 2,882.4 2,938.0 2,806.5 3,028.0 12,025.9 2, 401. 4 2, 993. 0
'2,588.7 '2,603.9 -2,754.8 '2,791.9 '2,725.5 '2,870.8 '2,953.5 '2,738.4 '2,885.8 '2,924.8 '2,018.1 '2,655.3 2, 980. 7
do
do
do
do
906.1 1, 120. 9
5 347 9 6, 913. 5
581.5
693.5
8, 227. 5 10, 331. 6
96.5
484.4
54. 0
794.1
119.2
548.6
48.2
880.0
100. 7
594.2
56.3
902.1
83.4
566.4
62.5
786.1
90.0
636.6
61.2
883.0
80.9
652.7
75.9
892.0
98.8
653.1
67.1
884.9
76.4
630.4
72.3
836.7
83.1
604.1
65.9
863.1
93.8
616.6
35.6
917.3
139.7
i 405. 8
128.9
i 443. 4
74.0
532.4
29.9
603.2
100.4
675.7
83.2
833.2
do
do
do
7, 112. 3 8, 929. 3
1, 967. 8 2, 234. 7
2 661 1 2 880 2
697. 9
197.7
233. 4
720.5
190. 5
246.5
749.9
205.7
205.1
766.4
170.7
212.7
703.2
187.9
249.2
615.7
179.0
242.3
728.6
175.0
260.7
905.8
172.2
229.4
791.4
171.3
215.2
870.3 i 776. 7
201.8 ' 1 192. 1
280.4 'U38.1
776.0
191.0
193.5
844.4
226.7
227.9
do
do
14.9
225.9
253! 1
1.6
26.9
2.0
31.5
2.4
23.2
1.9
20.2
3.8
17.9
4.6
17.8
3.3
16.0
2.7
17.6
2.7
17.6
3.4
22 2
12.5
U0.8
2.8
14.3
4.4
25.9
do
do
do
do
do
do
do
411.8
293.7
54.8
195.6
181.9
380 2
2 998 7
492.0
312.2
63.9
240.1
174.5
435.1
4, 056. 6
37.2
24.7
4.3
18.0
12.7
27.6
293.0
31.0
26.9
5.0
16.9
13.1
39.4
320. 1
40.6
22.7
4.2
15.7
16.2
55.5
339.7
44.8
27.3
5.8
18.0
14.4
49.0
315.0
42.2
24.2
6.4
17.4
18.6
43.0
366.6
56.3
26.2
4.5
18.5
12.4
45.2
402.9
42.3
31.1
7.6
30.0
18.5
22.3
379.8
50.2
25.5
4.5
21.0
12.8
30.5
384.2
52.9
27.0
4.9
22.3
14.9
30.5
363.5
24.7
25.2
7.4
22.5
16.5
40.2
366.1
22.5
11.0
12.0
17.3
10.6
15.8
i 244. 0
24.4
22.7
4.6
28.3
16.0
29.5
294.8
59.5
46.2
11.4
27.0
16.3
37.5
367.0
do.
do
do
do
do
do
690.2
842.2
5.6
5.9
1,955.4 2, 720. 2
855.6 1, 102. 0
41.0
58.0
1, 709. 8 2, 047. 9
65.7
_ 2
197^8
83.8
6.8
146.9
76.8
.3
223.9
91.6
4.7
177.0
72.2
.6
246.8
102.3
5.6
178.1
42.7
.3
218.5
87.4
4.3
163.9
81.6
.5
224.8
92.7
4.3
183.1
82.9
.6
242.8
102.8
3.3
188.7
69.6
.6
226.4
86.7
2.3
191.3
61.6
.6
230.3
94.2
7.4
176.9
65.6
.5
231.3
95.4
1.8
157.8
82.5
.7
229.1
98.8
3.5
177.4
136.5
1.5
i 105. 8
153.7
14.6
i 108. 6
47.9
.4
142.2
71.5
2.5
140.1
64.2
1.0
207.2
85.4
4.6
149.0
do
7, 106. 6
697.4
720.4
749.9
766.0
702.2
615.3
727.8
905.5
791.3
869.9
i 776. 6
775.9
844.1
do
do.
"do
dodo
do
do
3, 851. 0
140.0
559.0
175.2
240.4
748.9
979.6
351.9
9.7
63.3
19.3
30.6
71.8
60.8
367.1
18.3
72.3
22.2
22.0
67.8
76.3
333.0
13.9
52.9
12.8
19.6
65.5
81.8
326.0
14.9
53.0
11.7
23.2
73.5
70.0
401.6
38.5
54.5
14.3
25.8
79.3
89.2
i 247. 1
16.1
i 14.8
12.4
18.6
180.7
184.3
309.3
10.9
38.6
20.3
14.5
81.4
75.1
371.8
14.3
56.9
11.2
20.1
94.2
70.7
09 o
8, 925. 2
4, 266. 2
206.7
669.6
203.1
264.0
893.4
949.6
358. 8
15.6
43.1
18.7
17.2
81.2
95.8
376.9
15.9
62.7
33.8
19.5
83.8
71.0
331.0
17.0
45.8
12.9
18.2
87.6
66.3
312.5
14.5
43.5
13.2
19.4
63.1
68.2
368.7
17.2
65.5
12.6
21.0
73.8
Sfi 3
Apr.
SURVEY OF CURRENT BUSINESS
May I960.
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
S-23
1968
1968
Annual
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:
Agricultural products, total
mil. $
4,471.7 5 057 2
379.0
438 2
433 2
Nonagricultural products, total
_ _ do_
22, 343. 6 28, 056. 8 2, 179. 3 2, 317. 0 2 381 4
Food and live animals 9
do
Cocoa or cacao beans. _
_ _ _
do_
Coffee
do
Meats and preparations
do
Sugar
_ __
_ _ _ _ ___do
Beverages and tobacco
__
do _
Crude materials, inedible, exc. fuels 9 __ do
Metal ores
do
Paper base stocks
do
Textile fibers
do
Rubber
do
4, 003. 2
147.2
962.7
645.0
588.4
698.1
2, 964. 4
974.3
418.3
305.6
174.5
Mineral fuels, lubricants, etc
Petroleum and products
Animal and vegetable oils and fats
Chemicals
437 5
422 3
172 1
455 0
312 1
386 2
492 6
434 5
385 7
439 5
2262 6 2 374 5 2 304 6 2,414.3 2 538 4 2 372. 8 2 577 9 1 853.8 2 089. 3 2 500 4
393 8
15.4
107.6
55.8
55.6
61.5
260.3
65.8
39.5
33.1
13.6
396 1
16 6
87 2
52 7
67 2
55 1
296 3
102 2
39 3
31.0
14 2
353 8
13.0
73 6
66.2
58.6
47.6
281.4
88.2
40.4
25.7
11.9
403 3
10 5
111 7
67 2
62.6
54.4
287.0
88 1
36 8
28.1
17 9
403.1
88
110 0
68 7
70.7
80.8
288.9
90 3
36.8
24.1
16.3
408 9
368 2
786. 3
3, 297. 4
958.4
454.8
338.4
191.8
333.4
4.3
78.4
51.4
48.4
61.8
257.2
63.2
36.0
30.1
13.3
103 1
83.1
55.8
80.1
302.0
99.4
34.2
28.5
23.4
74 5
69 5
60 4
67.2
292.1
85 9
40.4
22.2
14 0
396.8
6.3
95 7
72.5
43.7
61.8
264.3
75.6
37.4
25.2
16.5
396 6
12.2
87 4
49 3
56.9
77.5
287. 7
75 9
43.1
25.9
19.9
do
do
do
do
2, 247. 8 2, 528. 6
2, 086. 1 2 345 1
122.0
158 2
958.0 1, 134. 7
220.3
204 4
9 2
95 7
193.9
176 3
11 3
102. 5
178 0
169 i
13 4
103 9
202.8
188 2
15 4
81.6
228 5
214 9
17 4
94.7
187.1
174 4
8 5
101.3
220.7
205 8
14 8
95 2
226
212
12
88
6
0
7
6
195.0
179 1
10 3
94.0
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
do
do
do
do
do
6 384.3
1, 373. 1
864.7
1, 562. 5
808.0
8 073.2
2, 046. 4
862.8
1 933.2
962.6
6H6 5
145 6
70.9
220 1
74 5
760. 1
168. 1
79.0
244.5
85.7
718 9
193 2
77.5
162 3
81 6
647.0
176.8
72.9
147.0
74. 1
654 1
172 4
72.0
123 4
82.0
708.7
235 3
67.2
126 3
83.5
666 5
189.2
60.5
134 2
90.1
648 5
170 1
75.7
120 9
81.9
Machinery and transport equipment
Machinery, total 9
Metalworking
Electrical
do
do
do
do
5, 793. 4
3, 024. 4
203.4
1, 135. 5
7,991.1
3, 692. 6
203.9
1, 494. 9
577.2
267.2
15 4
99 9
609.6
305.6
20.0
118.9
699.4
301.7
16 2
113 8
664. 9
283.6
22.0
111.3
630.6
308.7
14 7
133 2
547.6
309.4
18 3
136.1
663.3
322.9
17 6
140.9
2 769 1
2, 266. 1
2 576 2
1, 065. 1
4 298 5
3,711.6
3 346 7
1, 220. 5
310 2
256.5
236 9
79 7
312 2
255.6
246 6
107.1
384 4
338.9
262 7
103 5
381 4
327.1
261 1
93.0
321 9
276.8
332 5
109.4
238 2
191.1
315 5
97.7
340 3
302.6
312 2
105.7
Automobiles and parts
do
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59 — 100
Value
do
Unit value
do
General imports:
Quantity
do
Value
do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil. $
4, 577. 4
136.0
1, 139. 7
746.5
640.1
5
5
7.5
169 8
10.7
287 1
15.3
49 0
45.4
34.7
28.6
232.3
51.1
40.7
12.2
20.7
439
20
89
96
50
63
307
63
39
28
25
234.0
220 7
16 6
102. 7
249.1
235 2
6 1
70.3
231.5
209 0
12 5
81.8
226.4
208 6
11 7
111.3
629.3
177. 7
69.0
110. 7
77.4
662.4
165. 9
84.8
121.0
75.8
i 398. 6
64.6
67.7
i 79.5
45.3
533.1
72.8
71.0
137.6
69.2
653 1
119.2
74.4
135 9
112. 9
788 4
351.8
17 0
160 4
744.3
325.0
11.3
145.5
808.2
356.7
17.4
151.4
612.3
255.5
8.4
118.6
655.9
291. 8
10.2
127.4
766.1
351.2
17 4
137 2
436
370
325
106
419 4
384.4
291 7
107.4
451 4
397.9
301 6
130.2
356 8
307.0
204 4
88.7
364 1
315.0
252 1
86.4
414 9
358.7
316.1
98.2
6.6
6
9
3
4
1.4
16 1
29.2
6.3
24.6
i 1202. 0
57.8
36. 7
9.0
0
5
1
4
9
8
4
0
8
8
4
5 112
165
183
111
173
196
113
170
192
113
179
203
113
P 115
5226
235
104
213
220
103
224
234
104
231
240
104
237
249
105
P 106
187 426 r 194 4gg
19, 358
18 636
14 668
1,464
16 370
1,747
16 602
1*684
15 223
1,520
15 864
1,550
18, 504
1,703
17 531
1,790
15 454
1,405
17 764
1,762
18, 116
1,666
9,964
580
9,440
739
256 814
17, 434
21? 416
1,605
19, 966
1,756
23, 980
1,823
24, 363
1,686
24, 946
1,845
23, 932
1,918
26,304
1,915
26, 042
1,726
21, 554
1,719
25, 373
1,817
20,680
869
19, 909
1,242
132.4
130. 9
46 6
9^3
7.0
119.4
119.2
43 1
8.3
6 0
24 8
538
24 8
498
160
178
111
184
190
103
173
195
5
s
281 331
21, 121
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
Operating revenues total 9
Transport total 9
Passenger
Property
U.S. mail (excl. subsidy)
Operating expenses (incl depreciation)
Net income (after taxes)
Operating results:
Miles flown (revenue)
Express and freight ton-miles
flown
mil $
do
do
do
do
do
do
4 470
4 431
3 936
277
104
4 057
234
mil
do
1 274 5
1 164
1 153
1 028
71
31
1 116
14
1 285 9
1 501 7
1 540 1
r 3Q9 Pi
KAA
120 5
119 6
f)
AK. Q
Passengers originated (revenue)
Passenger-miles flown (revenue)
do
bil
99 3
71 3
111 2
82 0
9 0
6 4
Express Operations (qtrly.)
Transportation revenues
Express privilege payments. _
mil $
do
423 1
r 104 0
381 5
86 2
95 8
22 2
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
99 7
"
23 8
6 491
23 4
568
cents
mil"
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers
Operating revenues, total _
" "mil's"
Expenses, total
do
Freight carried (revenue)
mil. tons
6 616
2 i 203
8 117
7 813
1 259
2 188
2 102
122
120
122
40
9
6
4
0
a
3
7
124
136
44
8
6
3
0
5
8
3
124
126
41
10
7
7
1
8
2
8
130
124
40
9
7
6
7
8
9
6
133 7
136 3
43 7
11 1
86
23 4
r 5()7
23 4
532
r
23 7
516
127
134
41
8
6
5
8
1
9
6
132 1
154 3
48 4
9 2
6 5
125 0
143 5
50 6
8.5
60
23 8
507
23 9
507
24 3
520
r
!32. 4
136 2
61 7
9.9
7.6
98 5
22 5
93 8
21 4
93 4
20 2
473
••Revised.
* Preliminary.
i See note 1, p. S-21.
2 Number of carriers filing complete reports for the year.
3 AS compiled by the Air Transport Association of America
from carrier reports to the CAB.
4 Excludes excess baggage revenues.
1 359
1 346
1,205
84
30
1 232
60
1 287
1 275
1 139
80
31
1 163
61
24 4
574
24 4
534
24 6
527
24.9
553
1 271
2 369
2 229
131
5
Revised to include trade in silver ore and bullion formerly reported separately; quarterly
data do not reflect this change.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
Annual
May 1969
1969
1968
Mar.
Apr.
May
June
July
Aug.
I
Sept. | Oct.
I
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly )
average same period 1957-59=100
Common carriers of general freight, seas. adj.
1957-59-100
Carriers of passengers, class I (qtrly.):
Number of reporting carriers
Operating revenues total
mil $
Expenses total
do
Passengers carried (revenue)
mil
160 2
175.2
168.1
152 8
165 7
162 1
i ifii
663 9
586 0
223 6
174.3
172 6
163 4
165.4
165.1
171.7
164.3
166.6
169.5
165.3
166.4
r
163. 0
«• 166. 7
164.9
163
165
165
141 1
139.5
50 8
166.4
172 7
150.9
55 4
210.3
166.4
60. 1
Class I Railroads
Financial operations
(qtrly.):
Operatin or revenues total 9
mil $
Freight
do
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net 'ncome (after taxes)
do
Operating results:
Ton-miles of freight (net), revenue and nonrevenue (qtrly )
bil
Revenue ton-miles
do
Revenue per ton-mile (qtrlv avg )
cents
Passengers (revenue) carried 1 mile (qtrly ) mil
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
% of total
Restaurant sales index __same mo. 1951 = 100
Foreign travel:
U S. citizens' Arrivals
thous
Departures
do
Aliers' Arrivals
do
Departures
do
Passports issued and renewed. _.
_ _ do
National parks, visits
do
Pullman Co. (qtrly.):
Passenger-miles (revenue) _ .
_
mil
Passenger revenues
mil. $_
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating re venues 9-_. __ . ..mil. $
Station revenues
_
do
Tolls, message
_ .do _
Operating expenses (excluding taxes)
do
Net operating income (after taxes)
do
Phones in service end of period
mil
Telegraph carriers:
Domestic:
Operating revenues
mil $
Operating expenses
do
Net operating revenues (before income taxes)
mil $
International:
Operating revenues
do
Operating expenses
do
Net operating revenues (before income taxes)
mil $
10, 855
9,750
444
8,579
1 596
680
5 568
2 610
2 349
105
2 079
383
148
110
2 757
2 482
2,707
2,419
122
2,781
2,500
112
2,131
2,173
418
207
174
394
140
108
2, 196
5 759 i
744 5
1 310
13 120
184 8
181 8
1 292
3 105
194.3
191.5
1.296
3,311
187.0
183.6
1.317
3,696
192.4
188.0
1.330
3,006
11.35
61
118
10.48
64
129
11.64
61
115
4 387
4 334
2 773
2 358
1,686
39, 538
5 021
4 820
3 084
2 613
1,748
42, 392
350
359
204
168
176
1 366
1,434
24. 57
1,002
16.91
272
4.64
13, 847
15, 068
7,578
5,693
9,020
2 553
95 1
3,634
1,851
1,358
2,156
358 2
309 5
r 10 377
r 9 141
485
r 8 211
T i 488
r 678
r 4 319
731 6
5 719 4
1 269
15 201
5
10 59
7,090
5,170
8,319
2,488
90 2
335 0
291 9
r
11.14
11.94
63
134
63
125
371
374
230
185
213
383
391
244
206
235
2,112
2,881
439
559
269
238
214
6,388
63
117
10.63
58
117
533
627
327
260
191
9,273
106
401
183
174
11.90
11.85
12.31
12.03
63
116
63
122
72
118
57
110
809
528
357
311
132
9,240
485
367
352
264
693
371
310
272
250
83
2,725
314
294
218
200
67
4,176
1,412
253.1
256.1 2 3 72. 2
10.70
11.80
11.32
56
106
11.80
47
113
62
119
63
128
339
354
236
238
75
904
104
788
122
858
1,277
244
279
4. 08
4. 62
91 6
3,700
1,872
1,390
2,191
584
92 2
3,796
1,895
1,447
2,275
643
93 6
3,938
1,960
1,499
2,397
664
95.1
86 3
74.8
90 7
77.3
89 3
79.7
91.9
77.6
gQ9
167
2 57 8
229
207
94 2
r 29 6
6 0
7 5
5 4
10.6
132 3
101 4
153 4
116 1
35 8
27 1
37.0
27 6
39.0
29 1
41.7
32.3
26 2
30 6
7 2
7 9
8 2
7.4
CHEMICALS AND ALLIED PRODUCTS
I
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil. cu. ft._ 14,269
1,276
14, 877 1,292
1,271
Ammonia, synthetic anhydrous__thous. sh. tons__ 12,200.2 12, 093.0 1,062.4 1,082. 6 1,163.7
Carbon dioxide, liquid, gas, and solid
do
75.5
1, 085. 3
1, 047. 8
73.1
89.5
688.2
Chlorine, gas (100% C12)
do
708.4
7, 679. 9 58,428.4 700.1
Hydrochloric acid (100% HC1)
do_
1, 625. 1
1, 735. 3 150.3
137.8
144.8
517.8
6,134. 9 593.0
595.3
Nitricacid (100% HNOs)
d o _ _ . _ 6,264.6
Oxygen (high purity)
mil. cu. f t _ _ 243, 401
248,250 22,099 21,930 21,661
Phosphoric acid (100% P2O5)
thous. sh. tons._ '5,188.9
458.6
435.9
453.8
4, 926. 2
Sodium carbonate (soda ash), synthetic (58%
390.2
Na 2 O)
thous. sh. tons__ '4,848.9
349.8
399.5
4, 552. 6
12.7
Sodium bichromate and chromate
do
12.6
12.2
' 135. 3
145.1
723.9
755.4
Sodium hydroxide (100% NaOH)
do
• 7, 923. 7
8, 799. 4 727.7
55.2
Sodium silicate, anhydrous
thous. sh. tons
' 612. 6 ' 632. 2
59.1
57.1
130.5
145.2
Sodium sulfate, anhydrous,_. thous. sh. tons.
1,364.0 5 1,471.7 134.6
Sulfuric acid (100% H 2 SO<)
do
28,815. 2 '528,382.5 2,459.7 2, 447. 7 2,541.2
r
Revised.
p Preliminary.
* Number of carriers filing complete reports for the year.
Preliminary estimate by
Association of American Railroads.
3 Data cover 5 weeks;
4
other months, 4 weeks.
Reflects adjustment for extraordinary items.
2
1,156
1,028.5
88.0
692.4
141. 7
470.4
21,265
381.9
1,219
1,031.3
107.2
701.8
138.7
434.9
21,077
326.2
383.7
12.4
727.1
46.0
121.2
2,278.1
380.0
11.3
729.1
42.8
115.0
1,224
932.1
105.5
702.6
149.0
463.3
18,960
388.2
1,174
949.0
92.5
701.2
149.9
488.6
18, 297
406.9
397.6
383.2
12.1
11.7
736.4
725.0
47.4
47.8
121.7
121.4
2,282.2 2,294.6
1,275
951.2
88.8
735.4
157.9
496.1
19,345
415. 7
1,208
942.0
91.7
722.5
156.2
487.0
20,291
403.1
363.6
402.1
12.0
12.4
766.7
777.2
63.8
62.2
129. 0 120.7
2,365. 0 2,357.0
1,263
986.3
85.2
766.1
150.3
550.2
21,316
410.9
' 1,272 1,149
r 887.0
959.4
'80.0
76.7
731.8
711.3
r
149.4
148.9
r
500.9
513.9
'21,667 20,797
' 394. 0 378.6
396.6 ' 333.1 335.5
11.3
11.1
13.7
792.6 ' 760. 2 711.1
'46.6
46.3
61.2
130.2
117.4
125.3
2,524. 4 '2,317. 02,!, 242.1
5
Annual total reflects revisions not distributed to the monthly or quarterly data,
live Aug. 26, 1968, passports are issued for 5 years; no renewals are made.
e Effec-
S-25
SURVEY OF CURRENT BUSINESS
May 1969
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1969
1968
1968
Mar.
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production^
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
DDT
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
mil. lb.. 1 1, 556. 4 11,651.6
31.2
30.5
do
111.4
mil. gal— i 108.8
140.1
2.9
9.9
123.7
2.7
9.6
103.0
2.2
8.3
107.6
2.4
10.7
141.2
2.3
9.0
142.3
2.1
8.0
142.5
2.6
9.3
137.1
3.1
10.5
139.0
3.0
8.8
152.9
2.8
10.6
141.7
3.5
10.7
140.4
3.1
8.8
102.8 »138.0
mil. lb138.9 i 162. 0
do
3,686.2 14,099.6
do
12.6
13.5
340.4
10.8
9.5
343.6
11.7
13.6
350.5
12.3
12.8
356.3
12.2
13.0
337.3
12.3
13.3
340.6
10.7
14.5
332.4
18.8
364.6
11.8
330.8
16.0
350.5
13.1
12.3
321.1
13.0
8.9
321.4
28,0
34 0
mil. gal__
mil Ib
353.8
32.6
i 520. 2
715.3
347.0
29.5
580.2
i 748. 3
34.1
42.1
46.8
59.7
28.8
37.5
49.9
60.8
27.3
32.1
47.5
66.6
26.3
29.3
46.5
65.5
27.5
29.2
48.6
57.1
30.2
28.7
46.1
63.9
28.7
28.4
47.5
59.1
27.0
28.1
50.5
66.2
26.8
26.8
49.4
62.5
30.1
29.5
55.6
67.9
28.4
30.4
51.4
59.8
'31.0
'31.8
46.5
56.9
mil. tax gal-do
do. __
do
685.1
218.4
556. 1
79.0
708.1
189.2
564.4
80.7
55.2
223.9
41.8
5.8
57.6
220.7
48.2
7.5
58.2
216.6
48.8
6.9
54.6
215.7
44.7
6.4
59.7
217 .4
47.1
6.5
56.5
207.5
49.8
6.6
60.0
201.4
47.0
7.7
70.8
199.5
51.7
9.1
60.3
187.8
47.1
7.6
66.2
189.2
50.6
5.4
67.5
195.5
57.1
6.7
64.4
196.8
52.7
6.0
mil. wine gal-do
do
300.1
298.6
4.9
303.5
305.6
2.7
22.7
24.1
3.9
25.9
25.8
4.0
26.3
27.2
3.1
24.0
23.8
3.4
25.3
25.8
2.9
26.7
26.2
3.3
25.2
25.7
2.7
27.6
27.0
3.4
25.3
26.0
2.6
27.2
27.2
2.7
'30. 7
30.3
3.1
28.3
27.7
3.7
thous. sh. tons..
do
do
do
15,294
i 1, 629
11, 025
1,119
18, 956
2,607
13, 584
1,303
1,417
162
1,077
79
1,584
229
1,132
115
1,610
174
1,207
110
1,466
147
1,091
89
1,617
215
1,195
75
1,533
180
1,143
99
1,658
242
1,134
153
1,902
347
1,332
160
1,544
317
1,100
77
1,883
296
1,291
129
961
27
783
107
979
56
771
92
1,304
142
955
69
do
do. _
do
_ do
177
168
2,711
218
227
131
3,557
205
28
31
473
30
46
11
498
16
21
3
223
19
11
1
205
30
11
1
152
25
15
6
111
25
13
5
260
(2)
14
6
275
(2)
12
13
254
2
20
15
261
32
19
9
236
0
20
10
268
11
24
24
354
13
Potash deliveries (Iv2O)
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production
thous. sh. tons..
Stocks end of period
do
4,034
4,170
607
598
354
281
117
213
329
372
273
280
336
353
4,695
726
4,149
535
405
615
378
500
379
497
311
529
257
567
308
578
351
524
358
525
331
516
340
535
••360
'572
348
557
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil. lb.
High explosives. ._ __
do
.4
1, 708. 5
.4
1, 581. 7
.2
330.9
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
do
Industrial
finishes
do
2,348.2
1, 329. 5
1,018.7
2, 587. 1
1, 427. 5
1, 159. 6
206.4
114.7
91.6
229.2
135.8
93.3
241.7
141.4
100.3
239.0
139.9
99.2
231.6
140.5
91.1
238.6
141.9
96.6
229.5
127.6
101.9
234.7
119.5
115.3
196.9
92.7
104.2
175.7
83.0
92.7
189.8
86.2
103.6
207.1
106.1
101.0
i 8, 284
1,954
8,766
2,790
699
2,046
690
2,027
715
2,028
763
2,142
776
2,293
771
2,466
744
2,619
756
2,690
759
2,775
767
2,790
820
2,940
722
3,006
48.6
49.4
90.6
69.2
46.7
47.8
82.6
70.8
51.4
50.1
'87.8
'60.3
50.3
52.0
88.9
62.5
15.1
18.4
17.2
do
Methanol, synthetic and natural
Phthalic inhydride
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period.. _
Used for denaturation..
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of period
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports :
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
...
MISCELLANEOUS PRODUCTS
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons_.
Stocks (producers') end of period
do
.1
426.6
.1
404.6
.1
428.8
.1
417.5
PLASTICS AND RESIN MATERIALS
Production:
Therm osetting resins:
Alkyd resins
Polyester resins
Phenolic and other tar acid resins
Urea and melaniine resins
mil Ib
do
do
do
i 585. 9 i 624. 7
i 576. 4
489.7
i 953. 7 i 1,038. 4
i 645. 4 i 741.4
53.9
49.1
87.6
60.3
54.0
54.3
83.7
58.3
55.3
51.9
92.3
59.6
51.1
50.6
86.2
55.2
52.6
46.2
72.0
54.1
54.5
47.7
85.2
65.5
51.4
48.9
91.4
68.2
58.5
51.2
101.5
71.9
Thermoplastic resins:
Cellulose plastic materials
Coumarone-indene and petroleum
resins
Styrene-type materials (polystyrene)
Vinyl resins (resin content basis)
Polyethylene
do
U71.9 i 186. 2
polymer
mil Ib
i 289. 9 ' i 332. 6
do
12,365.4 12,719.3
do
12,599.4 12,944.8
do
3, 761. 9 14,539.1
15.3
14.2
14.3
14.2
13.3
15.7
16.3
16.6
17.5
30.0
247.2
261.5
399.7
26.1
243.9
261.0
414.3
28.1
220.2
235.9
334.1
31.0
224.2
237.1
351.6
30.9
235.6
250.3
370.0
21.7
229.3
246.7
363.5
28.6
212.3
231.7
362.4
24.2
228.1
245.3
381.4
25.0
235.7
254.8
383.7
25.5
32.4
21.1
249.7 ' 239. 3 247.8
251.3 ' 254. 0
246.6
392.8
422.7
412.2
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr._ 1,317,301 1,433,001 114,845 109, 234 114,607 119,340 127,472 131,905 115,832 119,354
Electric utilities, total
By fuels
By waterpower
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total. .__ .
By fuels
By waterpower
do
do
do
do
_do
_ do
do....
do
1,214,365 1,326,932 105,887 100, 340 105, 522 110,645 118,870 123, 001 107,154 110, 288
992,847 1,104,694 87,024 81, 341 85, 998 91, 708 99,841 104, 856 91,428 93,636
221,518
222,238 18,864 18, 999 19, 524 18,936 19,029 18,146 15, 726 16, 652
986,227
228,138
244,550
85,345
20,542
80, 976
19, 364
85,251
20,271
90,318
20,326
102,936
99,505
3,430
106,069
102,690
3,379
8,957
8,651
306
8,895
8,578
317
9,084
8,758
327
8,378
317
' Revised.
12 Revised annual total; revisions are not distributed to the monthly data.
Less than 500 short tons.
118,073 128,063 131, 591 117,665
109,167 118,961 122,463 109,110
91, 254 98,669 101,050 88,023
17,913 20,292 21,413 21,087
97,308 101, 215
21,562 21, 786
87,884
19,270
91, 092
19,196
89,477
19,690
96,672
22,289
99,163
23,300
87,944
21,166
8,904
8,657
246
8,677
8,457
220
9,066
8,818
248
8,906
9,102
9,128
8,860
267
8,554
8,290
265
8,603
8,338
265
8,644
262
d"Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
May 1969
1968
Annual
Mar.
Apr.
May | June
July
1969
Aug. ! Sept. | Oct.
I Nov.
Dec.
I
! Feb.
Jan.
Mar.
Apr.
ELECTRIC POWER AND GAS—Continued
j
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr. 1,107,023 1,202,321
Commercial and industrial:
Small lio-ht and powerS
do
242,492 1265,151
Large light and power §
do _ 486,043 '518,834
Railways and railroads
Residential or domestic
Street and hi^hwnv lighting
Other public authorities
Interdepartmental
- -
14. 540
1367, 692
do
4 572
do
331,525
do
9.863
do
29.426
-do . J
3,102
- -
no, 30^
13°. 162
13,640
|
|
!
!
98,285
94,620 1 94,367 - 97,169 i 102, 330 107,416 : 106, 200
20,501
4°, 024
20,029
42,488
[
22.064 ! 24,174 i 25,433
43,354 i 43,055 44,195
20,621
43,488
1
100 515
22 769 21 510
44 678 i 44 11 "i
24 832
44,166
~|
98, f73 103,027 "Vi 412 105, s'»i
°1 74 ^
41 14fi
404 i
358 i
351
336
342
338 !
351 !
361
371 |
4^f
31,603 :' 28,118 ! 26,239 27.676 !! 30,995 33,570 ! 32,967 ! ^8 687 l 28, 704 i 32.6»s
(
874 :
815 i:
775 !!
750
746 1
796
842
903
*41
'MX
2.599
2,527 '2,586
2 685
2,693 1 2 76,9 ' 2 772
7^7
2 0 »(
' ^s }
280 !
284 !
307 >
304 ••
324
315
331
337 !
33*
jfS
~>~> 33.J
n ()(,,
44 4in
43 —
i
4<(]
4S1
37,77*
i 3 r > < Vi '
n«) r i
<pf; '
"> Oj3
31° 1
Revenue from sales to ultimate customers (Edison
:
Electric Institute). _
.
mil. $.. 17,222.7 18, 579. 9 1,503. 1 1,454. 0 1,450. 8 < 1,514. 6 1,601. 6 1,670.7^,656.3 1 5 j9. 8 1,524.0 1,580 1 1 664 1 1 6 94 1
GAS
Sales to consumers total 9
Residential
Industrial and commercial
thous..
__do _
do _
666
624
41
Natural pas:
Customers end of period total 9
Residential
.
I n d u s t r i a l and commercial
__
580
669
36
43
1 437
829
589
1,461
822
615
613
389
224
131. 4
84.5
45.3
128.8
81.2
45.7
53.9
36.5^
17.5
39034
35.836
3,152
39, 894
36,619
3, 227
mil. therms _! 133,424
do
i 42.811
_ do, J 85, 3°1
144, 258
44. 546
93. 3V>
mil therms
do
do
Revenue from sales to consumers, total 9 -mil. $__
Residential
_ _ _ do .
Industrial arid commercial __ _ _ _ do. _
thous
_ . _ . do. do
-_
>
do
I
650
i
3, 637. 9
3, 947. 2
40 I
_. .
|
_.
|
39,053
35.842
32,115
•
47,703 ;
20.674
27,030 |
323 ...
174 !
144 ;
i
i
29.3!
18.1:
10.8
!
!
163
63 i
98
...
1
1
!
;
.
920.0 i
j
i,
-- - .
]
- - ;j
-., —
i
i
39, 894
1 36,619
I 3,227
.
i 26.950 .... ... !
J 3.821
i
J 21,519 L... _ . !
i
!l.339.9 ._
1
36'>
30.7
19.0
11.2
j
1
i
196
'
!
580
543
36
15r»
14.8
7.7!
7.0 |.. _ ... |
l
j
j 38,962
'
i 35,834
!
;
3.082
....
j
1.911.7
1,285.6
35
i
;
;
574
!
l
!
! 33.077
8.960
22,594
:
!
!
i 38,835
i 35,692
.! 3,097
!
8, 623. 6 3,169.0
Revenue from sales to consumers, total 9 -.mil. $_.! 8, 124. 4
Industrial and commercial
:
1
Manufactured and mixed pas:
Customers, end of period, total 9
Residential
Industrial and commercial
_
Sales to consumers, total 9 „
Residential
Industrial and commercial
i
'
3 p4x
303
! 36.586
i 11 111
23, 864
;
12.207.7
1, 126.8
1 021 2
787.5
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
_ _ _ _
_ _ _ mil. bbl_
Taxable withdrawals
do
Stocks, end of period
do
Distilled spirits (total):
Production
mil tax gal
Consumption, apparent, for beverage purposes
mil. wine pral._
Taxable withdrawals
mil. tax gal-Stocks, end of period
do
Imports
- mil. proof pal
Whisky:
Production
mil tax gal
Taxable withdrawals
do
Stocks, end of period
do
Import^
mil proof era 1
Rectified spirits and wines, production, t o t a l
mil. proof gal__
Whisk v
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Tnxabie withdrawals
do
Stocks, end of period
do
Imports...
.
do
Still wines:
Production
.
do .
Taxable withdrawals
do
Stocks end of period
do
Imports. _ .
do
Distilling materials produced at wineries
do .
!
!
! !
10.10
8 95
12.36
10.84
9.45
12. 88
11.48 i
10. 19 1
13. 17
11,37 : 12.30
10.30 i 11.58
13.31 i 13.02
11.37 |
10.76 i
12.64 i
9.86 ! 10.10
9.11 i 9.28
12.54 ! 12.48 i
8.46 ! 8.90
8- 26 \ 8, 48
11.92
11.56
8. 99 i 8. 82
7.88 j 7.66
11.91 i 12.33 !
211.77 i 238,33
17.63
21.23
25. 19
19.32 | 18,24
14.72 i
19.36 ! 24.32 j
22.26
21.06 |
324.81 ! 345,49
148.20 ;i 147.64
904 58
956 44
68.17 : 75.45
28. 22
10. 52
917. 15
5.17
26. 62
13. 95
920. 50
6. 20
29. 37 1 26.48 ! 25.96
12. 59 ! 12, 13 i 10. 53
929. 92 934.29 : 93' 1.76
6. 00 i
5. Hi i
4.92
27,47 i 27.35
12,53 ' 14.29
'138.82 910 45
0.17 i 6.80
14.36
7 "M
M;8. 98
4.60
16.30
8. 62
873. 77
5.35
20. 55 i 14.15
7.88
<•'., 97
883. 24 : 8^.11
5.34 :
4.50
9 OM : i:{ 2* ' 17.00 i: 16 41
15 24
7. t>:
9 4.5 ' 11.07
8,76 1
7.31
S'L\ 77 : 893 3'.) ; 89,-, 9* : 8 99.65 ! 904.35
7.00
7.29
5.37
f..9J ;
8. 13 :
l
153.78
178,00
97.02
95 97
856. r>0 : 904. 35
59. 70
60. 5(1
108 °6
67.31
110.54
66. 71
10.19
8.75 :
4.30
1.92 :
7. 60
4.31
10 30
6. 30
!
i
9. 37 i
5. 77 ;
8.9<t i
5.32 |
12. 17
10.29
5.25
2.23
1.12
.78
5. 35
.14
1.17
.63
5.82
.15
.88
. 7^
5. 85
.20
217.46 : 221.54
175.27
181.18
2J9 02
°08 30
117.46
19. US
2.92
18. 42
907 75
1.30
2. 94
13.49
914 50
1 . 68
3.01
14. 05
903 34
1.93
300. 48
3.84
3. 99
3.52
1,222.6 1,171.7
168 6
117 4
.675 :
.678
108. 6
176 4
. 672
113. 9
180. 1 i
.673 !
163. 0
105. 8
179. 9 :
120.9 i
362. 71
:
1
.87
.74 i
5.90 i
.17 ;
13.85
6 2>>
S')3. 66
4.31
8.30
4.92
.60
.55
5.86
.!;<
2,40 ! 2.21
14.41
11.22
187 6:H 175 ''>*
1.41 \
1.55
3.22
i
!
10.43 ! 12.85 |
6.37
8.26 j
;
;
1.06 ;
. 77 :
6.08 ;
.24 .
.95
1.06
5.85
.18
'
!
!
j
8,S> ; 72,54
14.7*. ' 14. 76
1.07 i
1.28
5. f;4 !
.20 |
93.68 i
18.01
10.40 ;
6. 73 ;
1.16 1
1.26
5. 38 ]
. 27 ;
20,75
16.44
1 1
8 53
4. 87
1.26
1.27
5, 25:)
2
5,51
16.00
s»' g " ' Of;t> gf)
2.24 i
2.22
4.66
35.96
124.4
199. 3
.673
116.5 ! 100.1
225.0 ; 241.7
.672 j .674
81.5
224.6
. (577
199. 6
139. 6
197.1 j
140. 1
161.3 i 14'. (>
liM. 6 j
"4.4 '
363. 4
315. 0
9.5
393. 7
341.6
14.8
:
420.8
370.1
12.9 ;
444 5
389.2
20.9
451.3
3f«'.i. 5 :
23.5
.550
.553
.549 !
.549
.550 1
1.78
125.32 j 126.37
1.54
1.68
mil. l b _ _ 1.913.0
do
1,276.4
1,946.5
1,281.6
390.3 i
344.0
i 151. 8 '
381.0
318.7
168. 2
:
.548
.521
351. 4
303.5
9.1
^Revised.
i Annual total reflects revisions not distributed to the monthly data.
5 Data are not wholly comparable on a year to year basis because of changes from one classi-
175.7
123. 1
fication to another.
147 1
90 4
447 3
415.5 '
37* I* i 340 4
20 2 '
10 7
.551 !
.562 !
..
__:
24-31
11.31
10.87 ; . . . .
.:
962. 90 ! 90S, 43
5. 59 I
4. 67 :
tV <!M7.01 : lf ; . 10 !
7. 3-.M
7-44 '
011.20 i yi7.-2f, ' . ._
4,^7 j
4.1*:
;
s I'H
4.84 I
5.17
8.67
._
:
.
... . .
;.y...;
!
i.i3
].i2
;
-70 i
.06
!
'
;
... . .
5.60 !
fi.io
'
.18 |
.10 '
.13 ,
i
i
!
3 63
o -r^
14 95
15 2-S - - - - - :;
255..91 i 242 f.3 ' . - - .75 j
,84
1. 1't '
28. 99
16. 92
7 15 i
4 11
77.8 !
137.4 I
.680 i
92.4
117.4
.090
100.
3 !
1(>4 5 ;
• 674 i
95.6 ! 105,4 : ... . .
115 i i 121.4
130.7
.673 i
-073
.683
137. 0
81.1 i
146. 2
87.3
147.3 •
138.0
|
70.2 i 77.7
1%. 5
161 9
. 691
. W,
:
10. 98
9.40
13,00
19.69 !
:
mil. lb._
do
$ per lb._
Stocks, cold storage, end of period
do
American, whole milk
do
Imports
_ _
do
Price, wholesale, American, single daisies (Chicago)
$ per l b _ _
|
21.24
1 30. <H i 3414
41.14
11.47
i 15.75 .. 1285
' 941 52 l' C 50.02 ; 1*5^.44
7.90 ! 8.14
;
9.23
8.66 !
4. W i
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storaee, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total
American, whole milk
j
116.55 ! 122.41
106.97 ! 112.41
10.77 !
11.56
:
39S.O
3*1 0
3345
318.7
11.6 ; 17. 1
.565 !
.570
j
i
15". 0 : . .
9i.6 j 8s.o i 101.9 :
357.7 i 328 5 ! 317. s
316 6
296,4
271 1 i 263.4
261.2
4,5
5.9 | 10,7 . . . . . . . .
. 572
9 Includes data not shown separately.
. 572 I
. 587
. 595
SURVEY OF CURRENT BUSINESS
May 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
S-27
1968
1968
Annual
Mar.
Apr.
May
June
July
1969
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
64 4
Condensed (sweetened)
rnil Ib
Evaporated (unsweetened).
do. _ 1,493.2
Stocks, manufacturers', case goods, end of period:
5.8
Condensed (sweetened)
_ mil. Ib
190.2
Evaporated (unsweetened)
do
Exports:
28.6
Condensed (sweetened)
__do-_.
33.8
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
7.05
Evaporated (unsweetened)
$ per case-Fluid milk:
Production on farms
mil. lb_ 118,769
Utilization in mfd dairy products
do
58, 587
Price wholesale, U.S. average . $ per 100 Ib
5.01
Dry milk:
Production:
Dry whole milk
mil. Ib
74.3
1,674.8
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
6.1
Dry whole milk
do
98.7
Nonfat dry milk (human food)
do
Exports:
12.8
Dry whole milk
do
140.9
Nonfat dry milk (human food) ..
_ do
Price, manufacturers' average selling, nonfat dry
.199
milk (human food)
$ per Ib
87 2
1, 360. 7
8.7
96.4
8 0
125.4
6 7
146.7
9 3
138.4
8 6
138.0
81
134.5
6.9
107.5
83
101.5
6.9
91.0
5.0
109.5
35
95.4
4.8
97.6
6 1
109. 1
2.1
99. 1
8.2
78.1
6.4
58.6
2.6
106.2
4.7
149.1
4.0
178.9
3.0
192.8
5.7
189.0
3.0
160.6
2.6
124.4
2.1
99.1
2.6
56.9
3.9
39.3
3.5
53.7
42.4
33.7
2.7
2.5
4.7
3.9
1.3
2.5
2.4
1.7
6.5
3.2
6.0
1.7
2.7
2.8
6.1
3.1
1.5
2.7
6.0
3.1
.9
3.7
.9
2.9
3.5
4.0
7.26
7.07
7.22
7.29
7.33
7.35
7.36
7.36
117,281 10,169
10,457
' 57, 625 ' 4, 997 ' 5, 464
5.08
5.26
5.03
11,227
' 6, 029
4.99
10,840
'5,921
4.90
10,201
' 5, 452
5.06
7.36
7.36
9,567
9,035
' 4, 827 '4,043
5.46
5.24
9,120
' 4, 032
5.62
7.36
7.40
7.42
7.45
8,721
9,191
' 3, 735 '4,110
5.60
5.68
9,407
4, 604
5.53
8, 795
4,381
5.45
9,983
5,010
'5.35
76.3
1, 610. 4
6.4
145. 5
7.1
169.8
9.6
189.2
10.0
188.2
5.2
152.1
4.6
120.3
4.9
91.0
6.1
91.0
5.1
90.9
5.1
115.6
5.2
120.9
4.3
114.8
5.1
133. 1
7.6
78.0
6.3
'77.0
7.6
89.6
91
118.0
11 5
145.9
11 1
139.9
10.1
128.4
8.4
107.4
9.1
90.1
7.9
76.0
7.6
78.9
8.2
72.6
7.5
68.5
6.2
63.9
18.6
151.0
1.5
6.7
1.1
4.3
1.3
26.4
.7
12.3
1.7
10.2
1.4
20.8
1.1
22.8
6.6
8.1
1.1
13.7
.4
15.3
.8
3.5
1.3
8.9
1.6
13.9
.224
.199
.227
.231
.231
.231
.232
.234
.235
.233
. . 234
.235
.234
.235
1, 245. 4
1, 267. 4
123.0
109.6
86.2
92.2
99.1
114.4
83.2
84.8
108.3
127.2
18.4
'33.4
91.9
i 372. 9
' 303. 2
'r 184. 6
118. 5
40.2
i 418 2
10, 261
5.22
GRAIN AND GRAIN PRODUCTS
Exports (barley corn, oats rye, wheat)
mil. bu
Barley:
Production (crop estimate)
do
Stocks (domestic) end of period
do
On farms
do
Off farms
do
Exports, including malt§
do
Prices, wholesale (Minneapolis):
No. 2, malting
$ per bu._
N o . 3 , straight. _
_ _ _ _ _ _ _ _ do
Corn:
Production (crop estimate, grain only)
mil bu
Stocks (domestic), end of period, total _ _ mil. bu
On farms
do
Off farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu.
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate).
Stocks (domestic), end of period, total
On farms
_
Off farms
17.8
'218.4
' 129. 1
89 3
2.9
1.30
1.29
1.18
1.18
1.23
1.23
14,760
i 4, 375
'4,257
'3,391
r
866
515.3
1.27
1.25
1
789
r
i 930
mil. bu
do
do
do
653
'549
104
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu
Rice:
Production (crop estimate)
California mills:
Receipts, domestic, rough
9.4
3.75
.8
1.24
1.23
' 2 137. 7
'271.5
266.1
.8
.5
1.24
1.25
1.19
1.18
594.0
' 3, 205
'2 395
'810
54 9
41.9
42 1
'2,177
'1 646
531
42 7
1. 11
1.11
1.14
1.14
1.13
1.11
1.17
1.14
1.13
1.15
11.6
.72
1.04
1.05
1.19
1.20
46.7
' 2 1, 162
'2782
2380
60.7
50.2
40.8
54.1
59 9
1.10
1.10
1.06
1.06
1.06
1.08
1.13
1.14
1.14
1.13
1.06
1.03
277. 1
177.7
99.4
.7
2.5
.5
.1
.1
1.19
1.18
1.17
1.15
1.14
1.14
1.18
1.19
1.17
1.18
1.16
1.17
3.1
16.5
3,011
2,194
817
49. 8
1.18
1.16
1.16
1.15
1.15
1.15
1.7
1.4
1.0
5
.2
1.6
2.0
,7
.79
.81
.82
.74
.67
.60
.63
.58
J99
1.0
.4
.5
.4
.8
.71
.74
75
.68
189.4
i 105 3
. .mil. Ib
1,913
1,403
2, 020
1, 376
213
167
206
188
119
83
63
91
80
54
28
170
76
371
69
115
58
215
170
221
179
272
289
286
214
254
312
179
142
106
88
69
79
110
286
315
31^
298
229
245
235
424
141
434
9
6
410
88
299
126
248
1,182
305
1, 732
372
1 584
481
749
519
339
347
139
212
146
188
153
214
l 300
481
090
988
469
090
644
406
090
417
300
090
279
235
.090
784
169
.087
1 547
342
.081
2 1°2
209
083
2 119
336
083
2 013
361
085
1 903
135
1, 812
263
1 713
245
23 2
1.17
1.13
1.14
18 0
1.12
1.10
1.09
'3i. 7
1.12
1.17
1.17
i.20
1.20
1.21
19.9
1.23
Southern States mills (Ark., La., Tenn., Tex.): •
Receipts, rough, from producers
mil Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil Ib
Exports
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per Ib
Rye:
Production (crop estimate)
mil bu
Stocks (domestic), end of period
do
Price, wholesale, No. 2 ( Minneapolis) ..$ per bu._
Wheat:
Production (crop estimate), total
Spring wheat.
_
Winter wheat
Distribution.
Stocks (domestic), end of period, total
On farms..
Off farms
mil bu
do
do
do
do
do
do
6, 675
4,544
7 086
4,774
1,875
4 066
.085
2 013
4 163
087
124.2
'27.8
1.19
i 23 2
1
1,522
1316
U,207
1,365
'1,212
508
704
1. 14
r
2
i i 570
i 342
i 1, 229
373
299
'839
'362
477
' 2 539
' 22230
309
' Revised.
i Crop estimate for the year.
2 old crop only; new crop not reported until
beginning of new crop year (July for barley, oats, rye, and wheat; Oct for corn).
3 Average
for 11 months.
446
' 1, 678
732
'947
§ Excludes pearl barley.
1.16
1.17
1.20
1.21
547
437
110
'928
'773
'155
mil. bags 9
Shipments from mills, milled rice _ _ _ d o
Stocks, rough and cleaned (cleaned basis), end
of period mil. 11)
1.8
1.06
1.07
'2273
'2206
267
'445
'361
84
3
1.1
' 442. 7
' 291. 6
'151 1
.4
9 Bags of 100 Ibs.
1,112
462
650
.69
1.23
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
May 1969
1968
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports, total, including
Wheat only
flour
mil. bu
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
No. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades
do
675.6
637.1
642.1
587.8
63.4
59.1
64.8
58.0
42.2
39.1
48.3
45.6
51.1
48.0
50.2
46.5
30.4
25,2
42.6
37.9
50.7
44.0
66.3
60.3
14.7
13.9
16.5
15.1
40.7
37.4
1.92
1.68
1.88
1.79
1.52
1.77
1.87
1.61
1.84
1.84
1.57
1.83
1.81
1.55
1.78
1.77
1.48
1.70
1.74
1.42
1.62
1.68
1.41
1.62
1.72
1.42
1.73
1.79
1.49
1.83
1.79
1.54
1.83
1.72
1.50
1.78
1.78
1.52
1.82
1.81
1.48
1.83
' 1.79
1.52
1.81
254, 185
4,510
569, 649
21, 873
390
49, 019
20,025
355
44,492
19,985
351
44,374
19,687
352
44, 119
20,422
369
45,852
21,873
391
48,950
21,533
379
48,042
23,506
411
53,606
22,080
386
49, 523
21,279
374
47, 667
20, 342 '18,974
362
'335
45,888 42,038
20, 885
368
46,994
4,638
23, 264
4,348
1,842
2,930
1,300
4,262
1,144
1,304
1,551
4,517
2,229
2,020
2,903
4,638
2,570
5.927
5.449
6.020
5.450
6.210
5. 938
5.888
5.350
5.775
5.267
5.775
5.350
5.788
5.288
5.913
5.375
5.925
5.463
4,002
27, 780
12,659
7,852
3,876
29, 592
»11,699
8,219
342
2,241
847
472
332
2,286
883
384
302
2,541
740
386
257
2,367
794
291
288
2,609
1,015
468
311
2,648
957
708
323
2,540
1,123
1,153
25.97
24.73
32.38
27.65
25.90
33.83
27.67
26.09
38.50
27.38
26.43
35.50
27.02
26.80
34.00
26.83
26.51
33.50
27.56
26.54
32.00
27.92
25.84
32.00
70, 915 ' 74, 789
* 16,196 i 15, 932
6,238
1,323
6,483
1,431
6, 407
1,355
5,125
1,130
5,454
1,221
18.88
18.79
19.37
18.56
18.37
19.58
16.3
18.0
17.5
17.5
16.7
18.0
11, 516
»3,603
1,449
'10,888
i 2, 934
1,399
796
178
75
865
200
61
920
241
114
23.48
26.02
26.00
26.50
31, 106
32, 718
2, 581
644
484
1,397
625
508
1,594
619
32
109
17, 252
286
34
1967
18, 274
304
29
1,129
.451
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
245, 240
Offal
._ __ _
thous. sh. tons._
4,423
Grindings of wheat
thous bu
549, 801
Stocks held by mills, end of period
thous. sacks (100 lb.)._
4,372
Exports
._
do
16, 535
Prices, wholesale:
Spring, standard patent (Minneapolis)
6.124
$per lOOlb..
Winter, hard, 95% patent (Kans. City)._do
5.631
1.77
1.53
1.78
<371
609
1,433
5.950
5.513
5.925
5.463
373
2,813
1,381
1,488
344
2,416
1,077
1,259
364
337
2,380 2,676
921 21,057
342
685
317
2,356
905
352
2,423
1,019
1,022
28.24
25.33
32.00
28.22
25.33
31.50
28.38
26.01
32.50
28.83
26.39
35.00
29.10
26.60
28.97
27.22
30.20
28.69
30.98
30.28
5,942
1,186
6,348
1,319
' 7, 410
1,612
6,571
1,388
6,814
6,619
1,410 21,460
6,245
1,278
6,816
1,363
1,429
20.50
19.35
19.49
18.19
17.56
17.87
18.94
19.68
20.41
20.23
20.0
19.3
19.3
18.6
16.8
17.0
17.2
18.0
18.3
17.5
856
245
83
928
266
74
930
233
122
973 '1,063
300
376
181
301
835
243
134
832
210
79
1,007
2214
70
768
179
815
176
183
29.50
29.00
26.25
25.25
25.25
25.62
26.12
25.00
26.50
27.50
29.25
30.75
2,690
2,855
2,482
2,661
2,738
2,738
3,132
2,770
2,760
2,965
2,628
2,765
662
37
123
673
34
109
615
32
150
548
34
151
506
45
148
517
55
171
572
48
147
614
62
144
625
54
97
597
29
65
601
35
88
'617
57
198
1,406
234
2
70
1,434
224
2
84
1,587
203
3
69
1,464
207
2
105
1,592
222
2
113
1,608
239
3
113
1,536
249
2
129
1,714
273
2
111
1,489
304
3
107
1,475
304
2
63
1,658
288
2
51
1,461
278
2
59
1,490
'283
3
140
.473
.469
.469
.475
.472
.477
.477
.477
.466
.471
.484
.492
.484
.496
.514
574
15
545
14
42
13
44
12
46
12
41
12
45
12
45
11
47
12
53
13
42
15
43
14
52
10
40
9
43
12
15
13, 280
13, 898
1,134
1,211
1,222
977
1,024
1,084
1,154
1,365
1,239
1,242
1,254
1,127
1,233
10, 750
286
56
307
11,330
256
92
324
929
306
3
29
985
355
3
28
986
387
3
29
786
326
3
29
830
245
4
27
881
196
11
24
943
197
11
30
1,114
222
14
24
1,014
237
18
25
1,022
256
15
26
1,033
251
14
10
938
264
16
21
1,026
'270
12
39
.544
.515
.537
.509
.531
.492
.517
.472
.516
.475
.522
.550
.544
.569
.545
.515
.543
.539
.546
.484
.567
.481
.595
.484
.531
.507
.476
1, 835
151
189
.126
1,862
94
172
.112
148
121
13
.116
164
132
16
.115
172
139
8
.110
140
130
12
.104
140
121
10
.108
146
105
16
.105
154
94
16
.105
182
89
14
.114
164
78
20
.123
160
94
12
.116
160
92
12
138
97
14
149
90
29
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil Ib
9,218
'8, 915
Stocks, cold storage (frozen), end of period, total
mil. lb_.
540
417
Turkeys
do
367
317
Price, in Georgia producing area, live broilers
$ per lb_.
.122
.132
r
Revised.
<= Corrected.
1
Annual total reflects revisions not distributed to the mont ily data.
582
620
'694
671
805
880
858
984
'803
'764
726
' 567
631
400
268
351
225
312
194
296
185
332
226
413
305
492
386
607
504
486
386
417
317
394
294
351
255
'287
'201
.135
.135
.135
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals ..
Cattle
do
Receipts at 28 public markets.
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 Ib
Steers, stocker and feeder (Kansas City), .do
Calves, vealers (Natl. Stockyards, 111 ) do
Hogs:
Slaughter (federally inspected) thous animals
Receipts at 28 public markets _
do
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 Ib..
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) thous. animals
Receipts at 28 public markets .
do.
Shipments, feeder, to 8 corn-belt States
do
Price, wholesale, lambs, average (Chicago)
$per 100 lb_.
r
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil. lb_
Stocks (excluding lard), cold storage, end of
period
mil. Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period
do
Exports _
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$ per Ib
Lamb and mutton:
Production, inspected slaughter
mil Ib
Stocks, cold storage, end of period _ _ _ do
Pork (including lard), production, inspected
slaughter
mil Ib
Pork (excluding lard):
Production, inspected slaughter
do
Stocks, cold storage, end of period _
do
Exports. _ __
do
Imports
.
do
Prices, wholesale:
Hams, smoked, composite
$ per Ib
Fresh loins, 8-12 Ib. average (New York) do
Lard:
Production, inspected slaughter
mil. Ib
Stocks, dry and cold storage, end of period. _do.
Exports. __ _
do
Price, wholesale, refined (Chicago)
$ per lb_.
673
271
323
.495
238
155
.135
.145
.130
.115
.135
.140
.120
.125
.135
.145
.140
2 Be ginning Jan. 1969 , data ar e for 38 markets companible Dec 1968 reaeipts: Ca ttle and
calves , 1,085; hogs 1,461 sheep aiid lambs ,213.
SURVEY OF CURRENT BUSINESS
May 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 19S7
edition of BUSINESS STATISTICS
1967
1969
1968
| 1968
Mar. 1 Apr.
i
Annual
S-29
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS-Continued
Eggs:
Production on farms
_
mil. cases O__
Stocks , cold storage, end of period:
Shell
._
thous. casesG
Frozen
mil. lb_.
Price, wholesale, extras, large (delivered; Chicago)
$perdoz__
194.9
192.6
17.1
16.6
17.7
15.9
16.1
15.7
15.1
15.8
15.4
15.9
15.9
14.7
16.6
16.3
86
89
59
72
82
81
102
86
191
95
287
108
262
110
229
109
150
102
172
92
91
82
59
72
56
61
71
56
'52
52
152
49
.298
1.372
.316
.303
.287
.332
.369
.390
.501
.399
.437
.480
.485
.413
.445
.404
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig tons
Price, wholesale, Accra (New York)._._$ per lb._
282.6
.288
228.2
.344
7.7
.300
25.7
.313
27.9
.296
21.8
.289
18.6
.291
15.3
.300
12.9
.363
10.8
.394
10.0
.46&
17.4
'.505
2.0
.433
23.4
.431
27.2
.460
.455
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thous. bagsd"-.
R. oast ings (green weight)
do
2,311
21,291
5,076
21, 165
2,568
5,687
Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)..$ per Ib._
Confectionery, manufacturers' sales
mil. $..
21,312
6,069
.384
1,645
25, 377
8,318
.376
1,703
1,755
510
.375
142
2,398
766
.375
126
1,956
559
.380
113
1,641
567
.378
107
2,481
726
.378
97
2,397
773
.378
127
2,322
839
.375
194
1.687
552
.378
188
2,132
740
.378
172
1,945
699
.375
139
363
135
1,111
345
2,015
654
146
156
151
.mil. lb._
253
285
173
176
181
188
235
258
275
288
287
285
248
219
'194
Sugar (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
4,106
6,391
1,958
4,396
6,663
1^696
202
146
142
115
154
152.
105
218
199
65
418
170
72
714
184
90
788
184
158
532
92
793
570
215
1,066
439
128
1,008
252
76
690
2,034
35
381
46
46
98
99
10, 516
10,245
2,873
11,098
10,932
2,954
841
825
2,603
834
821
2,523
943
931
2,323
952
940
2,092
1,028
1,008
1,817
1,117
1,102
1,533
1,029
1,013
1,249
932
921
1,723
821
809
2,467
1,087
1,077
2,954
704
692
3,151
_..sh. tons-.
1,468
1,320
51
120
89
65
94
165
120
62
118
66
94
102
76
thous. sh. tons..
_
..do
do
4,584
2 1, 134
97
4,879
1,075
117
373
64
2
440
109
3
494
174
26
457
253
8
475
104
2
541
161
4
444
9
2
452
33
1
290
32
48
431
96
13
45
0
1
264
96
(3)
371
91
22
$per lb_.
.073
.075
.074
.074
.075
.076
.076
.076
.076
.077
.076
.076
.077
.077
.078
.635
.102
.636
,102
.638
.102
.630
.103
.628
.630
.631
1,859
4,046
14, 825
MISCELLANEOUS FOOD PRODUCTS
Fish:
Stocks, cold storage, end of period
Deliveries, total 9
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total
Prices (New York):
Raw, wholesale...
Reflned:
'Rptnil Hnnl "M IT 'Wow Inrao^A
do
do
do
t r\nr K IK
Wholesale (excl. excise tax)
Tea, imports
$ per lb_.
thous Ib
3,249
5,370
5,076
5,603
5,205
4,921
3,286
4,954
620
'611
'3, 146 *2,739
<.620
.099
.624
.101
.613
.099
.614
.099
.615
.099
.622
.102
.624
.103
.635
.102
142,583
155, 335
13,500
13, 121
15,800
13,734
11, 440
16,354
14,766
7,677
12,279
15,633
3, 311. 9
142.7
271.8
124.2
258.4
130.7
273.6
133.8
258.4
130.3
238.9
124.3
297.7
136.2
292.4
125.4
317.0
134.7
296.6
119.2
275.3
142. 7
286.4 ' 272. 3
127.3 133.4
290.4
129.1
2,995.9
79.4
247.8
80.8
239.1
76.0
271.2
79.7
291.5
83.1
230.1
69.6
245.0
73.2
239.4
64.9
261.5
69.7
230.8
74.8
234.6
79.4
241.5 ' 215. 9
76.4
84.8
236.4
78.3
2, 140. 9
49. 1
177.5
65.3
170.8
62.3
161.5
58.0
160.9
62.2
162.3
52.6
168.0
52.8
168.0
50.1
199.7
56.3
179.6
45.8
196.6
49.1
214.9 ' 175. 3
51.2 ••60.2
180.8
56.1
.256
.256
.256
.256
.256
.256
.256
.256
.256
.256
.256
577.8
525.1
73.2
539.1
517.3
49.6
46.0
42.9
84.9
41.0
42.8
76.0
49.5
42.5
72.5
44.4
40.6
69.8
41.8
40.5
59.6
44.9
53.2
47.5
44.5
47.2
39.3
48.1
45.1
40.9
45.5
46.3
42.7
40.6
34.6
49.6
45.8
'43.3
••54.0
43.9
49.0
44.5
4, 753. 0
2,402.4
424.6
4, 745. 2
2, 478. 0
358.5
387.5
209.1
438.1
426.1
379.4
198.7 - 225.3
428.1 440.1
398.1
214.1
407.1
398.5
205.0
420.3
397.5
210.1
400.0
390.2
211.7
376.9
431.9
223.0
386.7
377.1
193.8
376.0
362.0
192.0
358.5
409.1 ' 378. 2
205.0
217.6
421.6 ' 425. 1
378.4
214.4
418.4
118.4
73.0
146.3
170.8
69.9
155.8
1.1
6.2
110.5
4.0
6.3
113.1
10.8
6.5
119.7
21.0
5.7
145.8
36.2
6.5
163.0
30.9
5.5
177.8
26.3
5.8
188.3
20.4
5.2
178.8
12.1
5.5
159.2
6.5
4.6
155.8
'.9
.9
'6.4
4.9
155.4 ' 122. 5
.4
6.9
111.5
2 350. 5
565.1
766.1
133.6
2 523. 0
392.1
' 548.7
730.7
197.1
442.8
18.8
47.6
64.7
114. 4
20.3
39.9
48.2
68.9
95.9
16.9
41.1
44.3
67.9
108.8
34.2
37.7
46.0
57.8
129.0
35.7
30.9
41.9
54.2
145.2
40.5
34.9
51.4
61.1
152.8
16.1
34.0
44.1
57.2
130.2
30.7
27.5
48.1
65.6
132.9
41.0
41.7
44.9
61.5
172.0
17.5
32.4
34.2
54.1
197.1
14.6
38.8
31.3
45.2 '45.6
58.6 '59.9
187.6 ' 179. 1
40.1
152.3
31.4
46.1
63.8
173.2
10.3
444.0
418.1
420.6
452.8
429.6
439.6
An K
38.5
35.5
30.6
39.0
35.2
35.6
40.7
34.3
37.3
*n 1
38.8
37.8
36.5
36.6
33.6
37.4
51.2
33.4
38.3
39.5
43.5
34.4
31.9
33.5
41.1
41.4
35.2
40.9
39.7
39.5
36.3
40.2
39.0
37.8
38.8
36.2
40.5
Baking or frying fats (incl. shortening):
Production
....mil. lb._ 3, 225. 7
Stocks, end of period©
do
139.2
Salad or cooking oils:
2,922.1
Production
do
Stocks, end of period©
do
79.5
Margarine:
Production...
_
do.
2, 114. 1
59.9
Stocks, end of period©
do._
Price, wholesale (colored; mfr. to wholesaler or
.257
large retailer; delivered)
Sperlb..
184
078
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered)
Consumption in end products
Tallow and grease (except wool), inedible:
Production (quantities rendered)
Consumption in end products
Stocks, end of period If
Fish and marine mammal oils:
Production..
...
Consumption in end products
Stocks, end of periodf
mil. lb-do.
do
do.
do
do
do
do
Vegetable oils and related products:
C oconut oil:
Production: Crude
mil. lb_.
Refined
do
Consumption in end products
do
Stocks, crude and ref., end of period^
do
Imports
do
Corn oil:
Production* Crude
do
Refined
do
Consumption in end products...
do
V7 7
^Q «
A.A. O
'Revised.
t> Preliminary.
'Corrected.
Beginning January 1968, data are not comparable with those for earlier periods; 2prices are
based on minimum 80 percent A quality (instead of 60-79.9 percent
as formerly).
Annual
3
total
reflects revisions not distributed to the monthly data.
Less than 500 short tons.
4
Beginning July 1967, prices based on 1967 benchmark; 1967 average is for July-Dec, period.
July 1967 price on old basis, $0.631.
1
4Q 9.
46.2
39.7
50.1
38.0
33.8
34.1
43.3
'36.1
31.8
'31.3
'49.8
46.0
38.8
36.4
55.3
G Cases of 30 dozen.
& Bags of 132.276 Ib.
§ Monthly data reflect cumulative revisions
for prior periods.
9 Includes data not shown separately; see also note " §".
AFor data
on lard, see p. S-28.
©Producers' and warehouse stocks.
IfFactory and warehouse
stocks.
May 1969
SURVEY OF CURRENT BUSINESS
S-30
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1968
Mar.
Annual
Apr.
May
June
July
1969
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 — Continued
Cottonseed cake and meal:
Production
thous. sh. tons
Stocks (at oil mills), end of period
do . Cottonseed oil:
Production: Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Exports (crude and refined)
do
Price, wholesale (drums; N.Y.)
- $ per Ib
1,564.7
146.7
1, 574. 8
135.1
140.2
170.6
107.8
192.4
73.8
200.5
47.8
188.9
39.1
158.0
33.5
127.4
54.5
107.6
231.5
130.7
240.3
145.4
246.7
135.1
255.3
141.2
215.9
167.5
••200.1
'163.5
1,108.3
1,050.8
1,010.5
1,115.1
1 001.5,
909. 6
99.1
115.7
81.5
76.1
77.7
81.0
52.6
71 4
91.0
35.5
50 3
87.1
27.4
34.4
62.4
22.9
29 4
63.0
39.6
30 0
59.2
162.6
99.3
76.9
167.7
124.8
68.9
173.7
125 4
70.3
186.2
144.3
70.3
'r 155. 8
130 4
66.1
146.6
125.2
66.0
252.1
!72. 1
2
.154
272.7
61.7
.163
324.7
3.6
.158
311.7
8.4
.160
262.9
.8
.185
201.4
5.4
.183
158.3
7.4
.184
118 7
.8
.193
98.7
3.3
.175
153.2
3.9
.134
213.5
12.0
.140
272.7
9.5
.140
342.4
2.6
r
370 0
20.7
398.2
9.5
370.6
209.8
306.6
195. 6
25.8
15.0
23.4
17.3
24.3
17.9
23.2
18.3
9.9
17.2
22.0
17.3
31.6
16.8
35.4
17.3
29.9
14.1
25.0
11.9
30.4
13.3
26.4
15.1
24.8
16.8
213.3
.129
157.2
.127
219.3
.132
216.2
.132
205.0
.132
200.9
.132
179.2
.132
163.6
.126
162.2
.119
164.7
.119
168.6
.119
157.2
.119
152.8
' 158. 1
164.4
1,028.9 1, 128. 2
150.8
123.8
1,098.9
151.6
1,102.1 1,022.7
136.0
100.5
893.4
95.4
Linseed oil:
Production, crude (raw)
mil. Ib
Consumption in end products _ _
_do
Stocks, crude and refined (factory and warehouse), end of period
mil. Ib
Price, wholesale (Minneapolis) . . $ per Ib
Soybean cake and meal:
Production
.
thous. sh. tons
Stocks (at oil mills), end of period..
-do_._
Soybean oil:
Production: Crude -mil. Ib
Refined
--do
Consumption in end products... .
do ...
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Exports (crude and refined)
do
Price, wholesale (refined; N.Y.)
$ per Ib
13,359.2 13, 468. 4 1,124.1
149. 2
196.3
199.8
1,257.3 1,281.4 1. 207. 1 1, 139. 9 1, 033. 1 '1,260.4 1, 162. 0
174.4
111.5
149.2
112.5
151.0
170.5 ' 150.7
6,149. 9 6, 149. 6
5, 072. 8 5, 227. 9
5, 202. 7 5, 401. 6
510.9
431.9
448.5
472.8
424.2
428.0
520.5
447.1
448.1
507.5
425.2
457.0
507.6
392. 6
413.3
477.6
427.1
444.9
408.6
444.4
457. 0
578.8
446.7
496.0
584.1
439.5
442.1
544.6
462.4
467.8
524.2
460.1
489.0
r
474. 6
' 448. 3
' 429. 3
570.7
492.3
465.6
588.6
823.4
.103
711.5
80.9
.115
747.0
41.4
.106
745.6
48.0
.107
705.0
119.2
.098
743.2
46.2
.092
695 7
29.7
.092
539.9
124.2
.093
541.4
67.2
.092
562.6
56.4
.099
588 6
111.5
.099
525.8
58.9
'517 7
19 1
608 9
18.6
1
663 2
912. 3
.120
TOBACCO
Leaf:
3
1, 968
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period
mil. Ib
5,486
571, 559
Exports, incl scrap and stems
thous Ib
1197,109
Imports, incl. scrap and stems
do
5,179
598 916
217, 708
5,312
28, 806
20, 361
36, 934
22,830
43, 727
16, 680
4,858
45, 614
17, 824
43, 696
18, 427
63, 939
18,335
4,937
73, 366
16, 656
38, 781
18,990
71, 322
13, 874
5,179
63 643
15, 215
8,144
20, 490
4 224
12 776
5,005
42 410
16, 870
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
_
Cigars (large) , taxable . .
Exports, cigarettes
53 846
523, 007
6,759
•>6 510
4,144
41, 839
536
1,490
3,954
40, 015
569
2,298
4,923
47, 305
641
2,244
4,659
43,407
535
2,455
4,788
44,093
532
1,810
5, 243
48, 947
616
3,088
5,470
44, 159
558
3,329
4,478
50,083
682
1,579
4,350
40,654
602
2,089
4,312
35, 161
400
2,589
3,122
45,580
484
705
3 009
41 538
498
1 525
3 810
40 138
536
2 136
10 937
10 721
8 983
79
975
8,852
100
897
11, 220
124
2,000
693
73
4,200
617
178
6,300
1,195
763
1,877
millions
. do
do__.
do
48, 971
527, 800
6,846
23, 652
3 1, 716
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
._..
thous. $
Calf and kip skins
thous skins
Cattle hides
_ _
thous. hides
127, 893
2 626
11, 987
128, 679
2 212
12 636
4,850
177
1,043
9,644
289
902
10, 152
9,281
8 753
11 724
13 456
1,018
190
816
13, 737
1,022
1 302
1 180
1,235
1 185
1 153
_ thous. $
thous. pieces
_ d o
61,300
36,044
7,109
78,400
30, 912
5 203
8,300
4,037
418
8,200
3,349
572
8 700
3,659
7,300
3,034
483
7,200
3,469
352
5,900
2,214
295
6 300
2 359
5,200
1,475
330
3,700
915
369
3 300
344
Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy , 9H/15 Ib
$ per Ib
Hides, steer, heavy, native, over 53 lb_ _ _do
.460
.120
.112
555
.530
.120
.480
.113
500
.550
.113
.108
. 110
575
.625
.114
.625
.118
.121
LEATHER
Production:
Calf and whole kip
thous. skins
Cattle hide and sidekip- ..thous. hides and kips
Goat and kid
thous skins
Sheep and lamb _.
do
4,008
23, 394
8 456
28, 375
4 247
24 032
6 764
3l' 413
341
398
2,073
547
2,807
436
2,181
1,616
536
442
2,225
390
2,094
496
2 821
1, 895
2,910
392
2,002
466
2,554
359
520
2,762
2 560
2 651
Exports:
Upper and lining leather
71 769
77 266
7 417
8 746
6 733
5 619
4 249
5 777
5 220
Imports:
Value, total 9
Sheep and lamb skins _
Goat a n d k i d skins. _
_
.
.
thous. sq. ft
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
_index, 1957-59 = 100
Upper, chrome calf, B and C grades
index, 1957-59 = 100
LEATHER MANUFACTURES
Shoes and slippers:
Production, total \
-thous. pairs
Shoes, sandals, and play shoes, except athletic t
thous. pairs
SlippersJ.
_
do
Athletic t
do
Other footwear t
do
Exports
_.
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1957-59=100
Women's oxfords, elk side upper, Goodyear
welt
.index, 1957-59—100
Women's pumps, low-medium quality do
r
419
. 123
212
550
111
130
306
573
163
320
158
625
625
299
356
1,909
678
2 443
571
2 325
322
2,004
584
2 335
2 183
6 078
7 853
5 158
3 623
3 090
48,346
700
226
1 044
.123
1,911
2,201
325
658
274
527
97. 7
95.1
90.5
90.5
98.0
98.0
95.0
95.0
96.5
96.5
96.5
104.0
'92.4
91.7
89.0
88.8
88.4
88.8
94.2
94.2
95.9
95.9
95.9
94 5
599, 964
645,942
58, 067
56, 075
56, 299
49, 924
48, 136
57,460
51, 228
59, 385
49,490
47,564 '53,224
495, 380
95, 620
6 949
2 015
529,461
106,902
7 524
2 055
48, 457
8,760
45, 601
9,875
40, 281
8,809
619
204
641
193
40,504
7,072
428
132
46, 710
9,933
641
176
41,387
9,057
626
158
47, 459
11, 057
654
196
45,664
9,535
683
193
697
172
39,356
9,316
663
155
39,935 '45,033 39, 859
6,859 ' 7, 428 7,831
642
' 636
529
' 127
127
128
2 217
2 884
244
232
185
165
156
193
737
213
195
242
122 9
129.7
125.7
128.7
128.7
128.7
128.7
128.7
131.3
134.2
135.4
135.4
113 1
' 125. 9
118.7
134.4
116.6
132.4
120.0
133.2
120.0
132.9
120.0
133.1
120.0
133.0
120.0
132.9
120.0
135.5
120.0
138.0
120.0
138.0
120.0
138.0
' Revised.
'Annual total reflects revisions not distributed to the monthly data.
2
Average for 11 months.
3 Crop estimate for the year.
1,990
238
174.7
194.9
9lncludes data for items not shown separately.
t Revisions for Jan. 1965-July 1967 will be shown later.
143
132
8 239
232
SURVEY OF CURRENT BUSINESS
May I960
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
| 1968
Annual
S-31
1968
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:
Production, total
- mil. bd. ft
Hardwoods
_
_._-._
do
Softwoods
do
Shipments, total.- _
Hardwoods
Softwoods
...
. . . ..
35, 275
37, 069
7,401
6, 935
27,874 1 30, 134
3,137
581
2, 556
3,278
602
2 676
3,281
596
2,685
3,108
630
2,478
3,140
592
2,548
3,211
611
2,600
3, 183
582
2,601
3,364
605
2,759
2,970
614
2,356
2,813
509
2,304
2,937
581
2,356
2,993
586
2,407
3,314
622
2,692
35, 777
7, 603
28, 174
38, 021
7, 731
30, 290
3,252
710
2,542
3,414
686
2,728
3,426
666
2,760
3,196
654
2,542
3,253
608
2,645
3,312
621
2,691
3,194
637
2,557
3,434
637
2,797
3,041
687
2,354
2,787
575
2,212
2,976
694
2,282
3,051
719
2,332
3,343
766
2,577
5,744
1,377
4,367
5, 086
914
4,172
5,632
1,183
4,449
5, 504
1,115
4,389
5,380
1,051
4,329
5,322
1,041
4,281
5,279
1,038
4,241
5,194
1,034
4,160
5,196
995
4,201
5,094
975
4,119
5, 030
934
4,096
5,086
914
4,172
5,113
879
4,234
5,118
824
4,294
5,162
748
4,414
1,112
4,987
1,143
6, 087
107
407
110
476
104
439
81
517
100
610
94
560
81
526
90
685
82
519
84
524
72
353
73
490
73
724
8, 222
570
9,047
822
783
755
758
727
724
651
858
734
795
752
666
645
790
742
726
662
674
657
755
822
755
898
530
809
668
818
do
do
do
8,046
8, 129
957
8, 802
8,804
955
762
753
1,044
801
786
1, 059
799
800
1,058
747
775
1,030
716
777
969
723
773
919
721
693
947
774
806
915
671
679
907
638
590
955
663
679
956
664
619
1,001
775
659
1,118
. ,._do
do
do
388
113
275
403
102
301
39
14
25
43
10
33
34
9
25
31
7
24
36
10
26
32
8
24
29
6
23
31
7
24
27
6
21
33
6
27
24
8
16
32
8
24
22
4
18
__do
do
do
Stocks (gross), mill, end of period, total
do
Hardwoods _.
. .
do
Softwoods
_ . _ do .
Exports, total sawmill products
Imports, total sawmill products
do
do
SOFTWOODS
Douglas fir:
Orders, new
rail.
Orders, unfilled, end of period
bd. ft-.
do
Production
Shipments
Stocks (gro^.=0, mill, end of period
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc
Prices, wholesale:
Dimension, construction, dried, 1" x 4", R. L.
$ per M bd. ft. .
Flooring, C and better, F. Q., 1" x 4", R. L.
$per M bd. ft..
Southern pine:
Orders, new
Orders, unfilled, end of period
85. 54
107. 85
105. 88
103. 56
103. 84
104. 66
108.46
111.01
112. 36
113. 06
113. 06
123. 98
169. 99
166. 36
165. 24
164. 71
163. 31
163. 31
163. 31
163.31
165. 94
169. 33
169. 33
175. 42
6, 381
307
7,145
422
586
358
620
388
598
356
562
368
596
375
596
367
621
390
647
369
629
391
589
422
648
408
724
487
722
505
6, 415
6,348
6,870
7,030
568
584
575
590
591
630
548
550
590
589
579
604
559
598
645
668
596
607
579
558
681
662
634
645
670
704
1 297
1,137
1,269
1,254
1,215
1,213
1,214
1,189
1,150
1,127
1,116
1,137
1,156
1,145
1,111
87, 436
90,477
7,428
6,716
9,658
6,529
7,649
7,538
7,790
5,536
5,222
10,772
621
mil. bd. ft..
do ...
Production
_ . . _ do
Shipments
do
Stocks (gross), mill and concentration yards, end
of period. _ - _ __
. .. _ mil. bd. ft
Exports, total sawmill products
M bd. f t _ .
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59 ^(XLFlooring, B and better, F. G., 1" x 4", S. L.
1957-59 = 100..
Western pine:
Orders, new
Orders, unfilled, end of period
Production
Shipments
.
r
' 1, 524 9,367
103. 5
119.0
114.0
116.0
117.7
118.6
119.5
120.8
121.8
123.5
126.3
129.5
106.0
113.0
110.7
111.6
112. 7
112.7
113.7
114.5
114.7
114.8
115.5
116.6
mil. bd. ft._
do
10, 531
557
10, 881
539
880
642
1,040
666
920
582
939
624
994
640
946
608
985
616
1,006
615
789
600
757
539
748
616
731
564
864
530
do
do
10, 180
10, 401
10, 851
10,900
920
897
968
1,016
983
1,004
888
897
955
978
988
978
1,015
977
1,003
1,008
804
804
812
818
702
671
807
783
922
899
1,426
1,450
1,473
Stocks (gross), mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over).
$ per M bd ft
1,445
1, 396
1,460
1,412
1,391
1,382
1,359
1,369
1,407
1,402
1,402
1,396
71. 95
87.72
75.90
87.26
92.16
88.72
87.67
89.03
89.99
94.11
98.64
106. 49
547.0
20.1
496. 5
23.9
44.6
27.3
39.2
25.8
41.2
21.4
34.4
18.9
39.2
19.1
45.1
20.7
47.0
25.6
45.3
26.1
36.2
25.7
32.1
23.9
38.6
25.8
34.1
24.6
31.2
21.8
551. 2
552 2
57.9
459.3
485.1
23.5
41.1
43.7
51.3
41.6
40.5
52.4
43.4
44.3
51.0
38.2
37.2
49.2
33.4
38.2
44.0
38.3
43.0
38.5
34.6
40.5
30.5
41.4
44.8
27.1
34.4
36.1
25.3
31.4
33.0
23.5
38.6
36.7
25.4
32.6
33.3
25.4
33.9
34.0
25.3
HARDWOOD FLOORING
Oak:
Orders, new
„ _ __ _
Orders, unfilled, end of period
mil. bd. ft
do
Production
... _ _ _
Shipments
_
Stocks (gross), mill, end of period
do
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous sh tons
S c r a p _ _ _ _do
Pigiron
. _
do
Imports:
Steel mill products
Scrap
___
Pig iron
do
do
do
1,685
7,635
7
2,170
6,572
11
110
527
1
137
420
1
132
502
1
120
501
1
142
479
1
176
624
1
269
764
1
207
539
1
306
801
2
327
576
1
132
282
1
173
233
0)
441
529
1
11, 455
286
2
631
17, 960
327
799
1,241
27
64
1,480
30
31
1,770
36
63
1,507
31
71
1,505
30
81
2,138
16
92
1,698
17
124
1,485
24
99
1,550
19
72
1,425
38
73
510
24
8
568
25
6
876
31
22
52, 312 2 53, 284
2 32, 654 2 39, 228
85, 361 2 86, 766
7,793
7,868
5,017
3,799
8,232
7,772
5,009
3,568
8,024
7,889
5,259
3,746
8,342
8,113
4.785
3,411
7,577
8,225
4,730
3,022
7,128
8,385
3,830
2,560
5,934
8,414
3,506
2,641
5,787
8,340
3,905
3,105
6,610
8,288
3,823
3,044
6,723
7,987
3,998
3,248
6,892
7,. 868
22.85
24.00
22.59
24.00
22.40
24.00
23.01
25.00
22.74
25.00
24.00
25.00
23.79
26.00
Iron and Steel Scrap
Production _
Receipts
Consumption
Stocks, consumers', end of period
thous sh tons
do
do
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
- $perlg. ton
3 27. 51
26.30
24.48
25.06
28.17
Pittsburgh district
do
27.00
27.10
31.00
28.50 26.00
r
Revised.
*» Preliminary.
1 Less than 500 tons.
2 Annual total reflects revisions,
not distributed to the monthly data.
3 For Feb.-Dec. 1967.
Apr.
SURVEY OF CURRENT BUSINESS
$-32
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
| 1968
1969
1968
Mar.
Annual
May 1969
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
—
do
1 84, 179
1 83,016
144,627
85, 860
83,411
43, 941
5,476
2,140
2,031
6, 697
6,881
2,859
9,492
11,210
5, 243
9,582
11, 075
4,650
9,459
11, 737
4,591
9,098
10, 411
4,555
8,514
8,760
5,082
6,018
8,418
4,742
5,255
5,929
3,114
4,898
2,836
2,958
5,230
2220
1,402
4,967
2,043
1,673
1,521
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
119, 435
118, 982
5,944
118, 581
120, 449
5,937
3,920
11, 562
385
8,787
11,457
625
15, 437
11, 770
570
15, 189
11, 152
458
15, 325
11,012
500
13, 915
8,519
493
12,904
7,343
593
12,200
7,798
698
7,737
8,358
522
5,799
9,483
426
3,380
10, 145
306
3,291
9,881
328
4,602
11,144
162
71,649 '57,303
15, 620 22, 771
53, 232 '32, 829
1,703
2,797
54, 323
22, 586
30, 130
1,607
56, 113
20, 866
33,798
1,449
58, 708
19, 374
37,880
1,454
61,054
17,095
42, 195
1,764
65,413
15, 782
47, 591
2,040
71, 113
15,536
53, 153
2,424
74,491
14,230
57, 554
2,707
73,296
13, 556
56,934
2,806
71,649
15,620
53,232
2,797
67,838
18,801
46,534
2,503
63,694
21, 725
39,950
2,019
33, 416
1,431
Stocks, total, end of period
At mines...
At furnace yards
At U.S. docks
Manganese (mn. content) , general imports,
do
do
do
do
71,238
13, 130
55, 121
2,987
do
1,086
953
116
82
72
68
61
92
103
28
52
83
92
40
60
88, 780
89,890
8,476
8,658
8,443
8,568
8,706
8,650
8,244
8,220
8,021
7,957
6,333
6,376
5,481
5,666
5,916
6,039
6,218
6,288
7,020
7,042
7,296
7,225
8,196
2,340
2,425
2,439
2,514
2,549
2,641
2,644
2,584
2,456
2,386
2,340
62.70
63.00
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
62.70
62.70
62.70
923
15, 071
8,747
1,010
1, 360
770
1,026
1,352
802
1,031
1,455
835
986
1,291
774
965
1,144
703
909
1,184
723
899
1,223
747
886
1,307
768
875
1,187
675
923 * 1, 021
1,099 -' 1, 255
'676
607
1,074
1,298
715
137
1, 102
588
123
91
48
117
94
50
112
102
55
113
91
48
120
79
44
122
79
46
131
88
49
116
102
56
130
93
46
137
107
51
'138
'111
'56
142
118
64
U27,213 i 131,462
131.0 1 135. 0
12,721
154.2
12,450
155.9
12,700
153.9
11,906
149.1
11, 452
138.8
8,956
108.6
8,086
101.3
9,006
109.2
9,590
120.1
10, 421
126.3
11,083
134.3
293
1,857
1,556
371
1,731
1,437
307
157
128
300
153
125
283
155
125
262
144
118
280
129
109
279
129
109
289
135
116
331
141
119
347
132
112
371
143
123
'392
'153
'132
41tf
165
141
» 83, 897 i
4,061
6,133
7,948
1,434
91, 856
8,752
9,035
9,718
9,492
10,368
5,263
5,215
6,316
6,007
6,320
7,280
7,092
8,199
4,821
6,149
8,401
1,462
422
562
843
143
439
586
840
140
439
648
882
152
433
627
858
138
530
671
926
165
254
370
513
63
291
385
457
72
350
438
540
110
479
428
523
99
497
421
544
118
458
458
628
131
453
462
623
142
514
532
709
165
13,660
8,497
3,241
1,815
10, 078
3,393
7,267
36, 624
10, 782
16, 336
1,296
857
259
170
957
314
582
3,633
1,049
1,681
1,303
842
279
173
1,175
345
654
3,552
986
1,667
1,443
919
333
181
1,113
358
842
3,842
1,093
1, 778
1,348
875
288
177
1,077
343
882
3,786
1,089
1,726
1,521
963
376
173
1,113
361
960
4,121
1,264
1,830
887
477
279
123
666
205
320
1,984
616
787
818
444
251
116
520
210
544
1,919
530
789
965
551
267
137
937
559
239
131
626
239
334
2,343
723
985
904
547
221
126
657
222
310
2,649
941
1,054
1,096
699
222
166
749
249
504
3,006
897
1,379
1,052
678
213
152
732
239
497
2,892
914
1,294
1,216
776
263
167
1,017
286
576
3,185
968
1,419
i 14, 863 1 16, 099
* 11, 375 1 12, 195
i 4, 582 1 4, 922
i 16, 488 U9,269
4,110
3,111
1,233
5,650
4,811
3,849
1,570
6,108
3,748
3,030
1,171
3,962
3,283
2,279
953
3,642
21,237
2815
2375
21,658
21,244
2821
2353
21,559
2 1, 561
2 1, 051
2418
2 1, 621
i 3, 225
i 4, 994
1
7, 255
i 21, 115
13,048
15,469
7, 902
1
22, 952
871
1,557
1,873
5,987
898
1 730
2,594
6,685
593
1 174
1,949
7,168
707
1,028
1,493
5,259
2310
2457
2 561
1,868
2286
2448
2561
2 1, 820
2320
2502
2618
22,108
9.1
62.5
63.5
10.5
70.1
68.7
10.5
6.2
5.8
11.4
6.7
5.8
12.2
7.2
6.4
13.1
6.9
6.0
15.0
7.0
5.1
14.7
5.0
5.3
13.3
4.3
5.7
12.0
5.2
6.5
11.0
4.7
5.7
10.5
4.8
5.3
10.0
5.6
6.1
'10.1
'5.8
5.7
piao
5.6
6.3
5.4
6.0
5.8
5.7
5.9
6.4
6.1
5.9
5.9
6.3
'5.9
12.5
9.6
9.9
9.0
11.7
10.5
11.5
10.1
10.6
10.0
10.1
9.0
9.1
7.0
9.8
7.7
9.6
7.9
9.3
8.0
9.5
8.3
9.9
9.0
10.1
9.2
'10.1
'9.5
.0865
.0865
.0865
.0882
.0900
. 0897
.0871
.0872
.0928
.0928
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons._ 1 86,984
Consumption ...
do
87, 371
Stocks (consumers' and suppliers'), end of period
thous. sh. tons_2,842
Prices:
Composite.
$ per Ig ton
62.70
Basic (furnace). .
do
63.00
Foundry, No. 2, Northern _
do
63.50
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons-913
Shipments, total
do
14, 329
For sale
_ _ _ _ _ _
do
8,128
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons-.
120
Shipments, total
do
1,041
For sale..
do
614
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh tons
Index
__
daily average 1957-59— 100
Steel castings:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments, total
do
For sale, total
_
do
10, 915 '12,400
146.5 '150.3
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous sh tons
By product:
Semifinished products
do
Structural shapes (heavy), steel piling.. ..do
Plates
_ _ _ ___ _
do
Rails and accessories
do
Bars and tool steel, total
Bars* Hot rolled (incl light shapes)
Reinforcing
Cold
finished
Pipe and tubing.
Wire and wire products _ _ . _ . .
Tin mill products ._
Sheets and strip (incl electrical) total
Sheets: Hot rolled
Cold rolled
By market (quarterly shipments) :
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Rail transportation
__ . d o
Machinery, industrial equip tools
do
Containers, packaging, ship, materials. .. do Other. ._ __
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only)__mil. sh. tons._
Receipts during period.
do
Consumption during period
do
Service, centers (warehouses)
do
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (sheets, plates, bars, pipe, etc.).do-_-.
13,053
7,961
3,249
1,733
8,969
3,133
6,591
32, 574
9,312
14,709
1
Steel (carbon), finished, composite nrice $ ner Ib
.0865
.0865
.0850
.0873
r
Revised.
* Preliminary.
1 Annual total; monthly revisions are not available.
2
For month shown.
eoa
252
770
2,293
685
943
P
*6.0
*6. 1
5.8
PI0.3
*9.5
Apr.
May 1969
SURVEY OF CURRENT BUSINESS
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1969
1968
Mar.
Annual
S-33
Apr.
May
June
July
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
269 0
68.0
293.4
78.0
291.6
'72.0
300. 1
'72.0
313 6
77.0
286 1
77.0
Sept.
Mar.
Apr.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh tons
Imports (general):
IVCetal and alloys crude
Plates sheets etc
Exports metal and alloys crude
31 269 3
820. 0
3 255.0
' 873. 0
288.3
78.0
280.3
78 0
289.0
81.0
218.5
68.0
226.0
61 0
246.5
'72.0
450.5
56.3
209.0
685.2
61.8
180.3
89.6
4.4
12.3
69.6
5.4
15.5
58.4
5.3
15.4
74.4
4.7
13.4
61.2
5.9
11.9
40.3
7.1
13.1
52.5
4.6
20.4
49.7
5.3
16.7
38.4
5.5
18.1
51.8
4.7
16.4
30.5
1.4
11.6
45.1
4.8
7.9
49.2
5.7
12.1
218.9
.2498
70.9
.2557
161.2
.2500
113.4
.2500
97.4
.2500
109.3
.2585
114.2
.2600
91.2
.2600
93.9
.2600
99.2
.2600
99.4
.2600
70.9
.2600
64.6
.2655
52.9
.2700
.2700
do
do
do
Stocks, primary (at reduction plants), end of
period
thous sh. tons
Price, primary ingot, 99.5% minimum___$ per l b _ Aluminum shipments:
Tngot and mill products (net)
Mill products total
Plate and sheet (excluding foil)
Castings
mil Ib
do
do
do
Copper:
Production:
8,836.9 '•9,991.7
6,350.6 '7,209.8
2,868.1 '3.404.6
1,534.7 1, 568. 3
r
853
r
2 ' 884. 9
575. 0 ' 642. 7
' 270. 1 ' 307. 9
156.5
133.4
36.4
124.6
150.5
121.4
29.1
38.1
123 5
158.4
129 8
28.6
33.5
127.8
168.8
136.9
31.9
31.4
120 5
153.4
128.6
24.8
32.0
127.8
181.0
151.0
30.0
32.6
122.9
165.2
139.4
25.9
33.7
123 9
162.0
131 5
30 5
34 7
120.9
154.0
131.4
22.6
37.5
' 118. 6
131.2
115.4
15 8
32.0
132.7
155.3
126.5
28.8
37.9
88.4
74.3
111.5
73.5
56.9
33.5
50.5
24.2
27 9
8.4
53.1
13.3
43.0
8.2
29.8
5.5
35.5
7.2
34 5
4 7
11.7
8.3
37.4
6.4
39.5
10.9
360.8
240.7
17.2
2.2
19.4
5.4
29.8
19.8
37.0
30.4
40.4
31.3
42.9
31.8
52.6
39.9
35.0
25.4
35.2
28.1
29 2
23 0
15.8
13.0
18.2
14.6
31.6
24.0
1,876.4
171.5
114.9
5 . 4185
107.8
172.4
103.8
162.3
183.2
129.9
.4219
172.9
205.6
139.4
.4207
195.4
190.2
132.1
.4210
130.0
219.2
166.1
.4171
168.8
214.8
159.6
.4170
187.8
199.8
148.9
.4172
203.7
175.2
130.9
.4171
179.6
165.2
112.7
.4171
162 0
171.5
114 9
.4171
41.0
29.2
110.9
96.0
37.8
644.1
328.3
716.7
405.4
241.8
159.4
1,948.2
do
169.5
do
114.1
do
$ perlb_. 2. 3823
P 179. 6 r P174.8 P 180. 3
P 187. 6 P179. 1 P 165. 9
P118.4 P105. 2 P 103. 5
.4350
.4383
.4439
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil Ib
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
2 595
2 356
966
2,757
2,364
968
624
580
257
Lead: A
Production:
Mine recoverable lead
thous sh tons
Recovered from scrap (lead cont )
do
316.9
!553.8
354.2
1550. 0
22.0
51.2
25.3
48.9
28.7
47.8
26.9
42.2
28.6
37.5
31.0
44.6
29.3
46.4
42.1
50.4
37.9
48.0
37 9
44 4
'37.2
49.9
35.7
49.3
43.8
424.6
1 319 1 106.2
38.7
107.1
37.8
112.1
30.3
104.8
35.8
93.3
27.6
110.1
36.7
113.5
30.3
130.6
32.3
115.4
28 1
112 1
19.1
115.0
26.3
104.8
Imports (general) ore (lead cont.), metal
Consumption total
do
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content) ABM!S
thous sh tons
Refiners' (primary), refined and antimonial
(lead content)
thous sh tons
Consumers' (lead content) c?
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous sh tons
Price, common grade (N.Y.)
$ perlb._
rin:A
Imports (for consumption) :
Ore (tin content)
IE tons
Bars, pigs, etc
_
_ _ _.do __
Recovery from scrap, total (tin cont.)
do
A s metal, _ _ _ _ _
_
do _
Consumption, pig, total
do
Primary
do
Exports incl reexports (metal)
Stocks, pig (industrial) end of period
Price, pig, Straits (N.Y.), prompt
488.4
1,260.5
Consumption (recoverable zinc content):
Ores
'
Scrap, all types
do
do
156.8
153 9
147.5
148 6
152 8
155 2
157.7
157.1
153.2
146 8
139.4
143.5
15 1
83 8
13.2
99.4
15.5
105.2
18.2
106.9
21.0
102.5
29.4
116.1
29.6
105.1
22.3
100.8
19.5
84.0
15.2
83.8
15 1
83 8
14.1
82.4
10.1
87.9
4
54 5
.1321
58.9
.1400
56.8
.1400
50.6
.1304
50.9
.1300
55.5
.1270
53.1
.1250
50.9
.1250
50.1
.1279
48.1
.1300
54 5
.1300
55.4
.1341
54.5
.1400
3 255
3 266
49, 924
57, 358
22,667
22,816
13,176
2,976
80, 638 ••81,961
57, 848 r 58 859
49
3,895
1,655
245
7,010
4,925
417
4,928
2,015
225
7,285
5,115
o
702
5,088
2,040
235
7,090
5,085
458
3,561
1,765
235
6,305
4,540
771
3,868
1,770
255
6,270
4,290
o
3,667
2,315
280
7,685
5,295
6 S 847
2,060
250
6,660
4,650
0
4,359
2,165
245
7,510
5,070
0
6,302
1,930
255
6,495
4,555
85
4,226
1,765
235
6,485
4 470
2,396
1,965
225
' 6, 920
4,810
969
18, 385
1. 4562
197
18. 910
1. 4521
888
18, 480
1.4330
247
16, 520
1. 4165
109
16, 945
1. 4148
84
15,680
1. 4185
211
18, 145
1. 4804
564
805
16, 360 16, 270
1. 5107 1. 6214
460
18 177
1.6346
23 4
105 8
58.0
.1400
1
5 027
r ig 534
1. 4811
o
198
110
14,985 '13,810
1.
6518
1. 6250
r
526 4
41.7
43 7
45.3
44.7
43.0
46.9
44.4
44.2
43.9
43 8
'41.9
43.3
546 4
305 5
47 8
35.8
30 2
31.1
43 5
24.0
45 0
17 2
50 8
20.2
53.9
22.9
51.1
14.9
41.1
24.4
54.9
23.6
44 1
31 2
48 8
16 7
43.6
22.7
*114 3
!240 9
118 7
236 2
8.6
19.1
8.8
19.8
10 1
19.7
9.8
20.5
9.2
19.7
9.5
19.4
10.9
19.9
10.7
19.8
11.4
19.9
10 5
19 3
10 8
19.0
9.3
18.8
1 009 3
74 0
1 338 6
33 0
68.1
6.1
108.2
6.3
85 0
6.0
110.7
11.6
95 5
64
120.7
2.5
92 4
5.5
115.2
1.0
87.1
5.8
104.7
.1
87.8
6.1
104.7
(3)
86.7
7.0
108.8
2.3
89.5
6.3
123.7
1.6
91 9
6.5
116.7
91 4
60
108 9
13
94 0
61
119.1
86.6
5.3
113.8
62.9
64.8
65.4
67 4
89.9
93.3
88.0
96 3
.1350
.1350
.1350
.1350
l
' Revised.
P Preliminary.
Annual total; 4 monthly revisions are not available.
2
Jan.-Aug. average.
s Less than 50 tons.
Reported yearend stocks. See BUSINESS
STATISTICS note.
& Average for Apr.-Dec.
AData reflect sales from the Government stockpile.
(3)
(3)
36.5
.1400
.1440
o
0
6,524
5,218
1,875
225
' 6, 330
6,755
' 4, 585 4,890
534 1
221.4
549.4
.4452
770
630
239
146 8
160 2
Slab zinc:
Production (primary smelter), from domestic
1933 g
and foreign ores
thous sh tons
i 73 5
Secondary (redistilled) production
do
Consumption, fabricators'
do
1 2368
Exports
do
16.8
Stocks, end of period:
81.9
Producers', at smelter (AZI)O
do ..
Consumers'
do
102 5
Price, Prime Western (East St. Louis) .$ per ib. . .1384
688
559
222
4
4
2 509
do
18, 662
do
$ perib__ 1. 5340
Zinc:A
Mine production, recoverable zinc
thous sh. tons
Imports (general):
Ores (zinc content)
do
Metal (slab blocks)
do
675
595
250
.2700
786. 2
542.2
225.7
146.0
125.5
139.0
111.8
27.2
44.7
1 199.3
1, 437. 4
1, 160. 9
276.5
400.9
do
do
do
do
Imports (general):
Refined unrefined scrap (copper cont ) do
Refined
do
Exports:
Refined and scrap
do
Refined
do
Consumption refined (by mills, etc.)
Stocks refined end of period
Fabricators'
Price, bars, electrolytic (N.Y.)
r
807. 0
' 937. 4 ' 956. 3 '1,
069.3 ' 695. 1 ' 696. 3 ' 750. 2 ' 779. 9 ' 839. 8
r 648. 9 r' 687. 7 r 797. 4 ' 488. 7 r 516. 1 r 550. 0 ' 564. 0 ' 625. 7 ' 583. 7
r 312. 7
347. 9 r 414. 3 ' 209. 2 ' 227. 5 ' 252. 7 ' 255. 4 '284.8 r 268. 4
145.8
135.0
137.6
138.8
121.6
101.2
120.5
132.7
125. 4
954 1
1,133.0
846.6
286.4
394.5
Refinery primary
From domestic ores
From foreign ores
Secondary recovered as refined
r
(3)
244
15, 375
1. 5552
1. 5681
43.1
28.4
4.9
82.2
70.3
42.9
70.4
84.4
78.8
48.8
42.7
67.6
50.9
67.4
74.0
78.9
85.2
99.1
84.7
89.1
97.5
73.9
96 3
.1350
.1350
.1400
.1350
.1400
.1350
.1350
.1350
.1384
.1400
.1350
d" Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
O Producers' stocks elsewhere, end of Apr. 1969, 11,600 tons.
SURVEY OF CURRENT BUSINESS
S-34
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
May 1969
1969
1968
| 1968
Annual
Mar.
Apr.
June
May
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES— Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil sq ft radiation
N on ferrous
do
Oil burners:
Shipments
thous
Stocks, end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers), shipments
thous
Top burner sections (4-burner equiv ) ship do
Stoves, domestic heating, shipments, total do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total..
thous
Gas
do
Water heaters gas shipments
do
1
98
84 8
6.4
279.2
.7
7.7
.4
5.5
.3
5.5
.4
6.5
.4
4.9
.5
8.6
.8
.7
11.2
.5
7.7
.4
6.4
.5
7.7
.6
6.4
1513
2
3
53.9
677.7
29.5
42.2
32.1
51.3
33.2
43 0
36.4
55 8
34.2
43.3
35.3
63 7
35.1
73.7
28.4
82.6
27.3
68 3
27.0
55.3
29.5
'59.8
'24.5
51.9
28 3
12,084. 5
194 3
2, 273. 2
206. 1
201.1
18.1
175.9
17.2
188.5
18 8
192 5
19 7
153.7
14.8
191.5
17 8
211.2
19.5
217.0
18 4
201.0
16.7
202.8
16.6
179.7
14.7
191.7
16.6
1,346.8 1, 362. 9
920. 0
968.5
79.5
48.9
85.8
53.7
100.5
73.2
98 6
77 0
129.4
102.1
139.4
105.4
174.9
125.1
197.7
144.4
143.7
108.7
76.7
52.3
73.3
42.6
61.5
32.1
11,448.7 1, 727. 1
1
1,145. 7 1, 372. 0
2 602 3 T2, 706. 9
125.0
103.1
210.4
122.0
102.0
241.5
114.0
94.2
216 8
127 2
102 8
209 5
139.9
114.1
193.2
149.6
113.3
218.1
183.1
137.2
209 4
230.4
177.3
282.7
174.2
134.6
230.0
144.7
115.2
207.6
270 3
380.5
210.4
196.2
197 3
406.6
247 8
177 4
219.1
307.0
355.6
503 2
325 1
328.0
1 121. 2
i 12.1
i 64 6
4.4
.5
1.1
9.3
.9
5.6
10.4
.9
4.6
85
.8
4 0
7.7
.9
3.9
9.7
.7
2.8
8.2
.8
4.3
13.1
1.0
9.0
9.2
1.7
4.0
8.0
1.0
4.6
6.9
.8
3.9
12.0
.5
3.8
12.4
1.1
6.7
1
1
' 147. 9 141.8
' 122. 6 117.7
' 246. 3 231.9
MACHINERY AND EQUIPMENT
Foundry
equipment (new), new orders, net
mo avg shipments 1 957-59 — 100
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
mil $
Electric processing _
do
Fuel-fired (exc. for hot rolling steel)
do
Material handling equipment (industrial):
Orders (new), index, seas adjcf
1957-59 — 100
Industrial trucks (electric), shipments:
Hand (motorized)
_
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number
Machine tools:
Metal cutting type tools:t
Orders, new (net), total
Domestic
_
Shipments, total
Domestic
Order backlog, end of period
Metal forming type tools :t
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
mil $
do
do
do
do
do
do
do
do
do
Other machinery and equip., qtrly. shipments:
Tractors used in construction:
Tracklaying, total
mil $
Wheel (contractors' off-highway)
do
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types),
excl. tractors
mil $
300.5
140.7
U2. 3
i 71.6
197 9
220.4
236.6
237.3
230.4
182 0
270.2
200.6
219. 2
218.2
231.0
233.8
254.9
275.4
11, 133
12, 174
10, 753
12 243
823
1,168
819
1,016
869
980
1,000
1 019
845
1,139
907
807
891
1,007
1,055
1,089
939
1,028
845
1,027
1,116
1,026
1,081
1,046
41 996
42 601
3,746
3,559
3,279
3 824
3,770
3,093
3,600
4,123
3,473
3,349
4,183
3,850
1, 134. 95 1, 079. 35
1, 024. 65
959.90
1 353 20 1,358 30
1,211.05 1, 238. 30
809 6
1 088 5
94.15
84.90
139. 75
125. 40
986.4
90.10
78.40
105. 90
89.35
970.6
93.30
86.15
121.30
109. 60
942.6
97.75
81.85
12760
114.90
912 8
105.65
94.95
100.05
91.35
918.4
79.75
74.95
88.95
82.40
909.2
71.05
62.30
115.55
109.15
864.7
78.55
70.45
107. 75
100.90
835.5
97.60
88.60
103. 55
96.50
829.6
110. 15
98.55
130. 15
122. 65
809.6
91.20
76.00
86.45
82.80
814.3
' 93. 15
' 83. 15
' 97. 70
'90.60
809.8
114. 45
100.40
104.50
95.05
819.7
286 65
248. 15
452. 75
406 90
228.3
394 75
360.55
368.60
324 45
254.5
22.80
20.40
32.15
27.95
203.7
19.70
17.05
28.15
24.90
195.3
22.50
18.15
29.10
25.50
188.7
28 80
25.70
34.30
28 55
183.2
29.75
27.30
26.95
23.50
186.0
26.75
23.40
32.90
30.40
179.9
22.75
20.90
26.90
24.95
175.7
56.35
54.10
32.90
29.15
199.2
80.20
76.70
26.50
23.05
252. 9
39.55
33.90
37.95
33.75
254.5
36.30
32.75
28.30
25.85
262.5
45.70
43.10
32.80
28.70
275.4
42.65
38.20
31.75
29.05
286.3
i 377 8
7 92 g
465 7
68 4
89 6
11.5
109.6
16.5
* 45.1
M5.3
473.0
<70.2
120.3
19.3
146 2
21 1
7
i 407 0
493.4
105.6
133 6
125.3
128.9
1986 2
939 1
273.5
266 3
178. 6
220.8
1 203 5
1 213 0
376 5
341 7
' 266. 4
228.5
32 061
35, 257
2,215
2,119
189. 1
165 6
6 653 1
4, 517. 9
2 642 3
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers'), domestic and export
thous
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
Radio sets, production©
do
Television sets (incl. combination), prod.O._do
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes) sales
mil $
Motors and generators:
New orders, index, qtrly
1947-49 — 100
New orders (gross) :
Polyphase induction motors 1-200 hp mil $
D.C. motors and generators 1-200 hp
do
3,144
3,646
4,054
189.1
180.9
170.5
232.5
201.7
194.1
188 6
490 9
412.0
165.6
515.2
374.3
114.1
551. 1
431.3
182 2
642.6
445.1
191.3
682.1
455.9
166.3
563.4
344.8
159 7
699.7
298.7
176.0
194.8
275.5
318.7
375.7
289.2
257.6
1,682
905
2,009
« 1, 105
1,272
651
1,875 5 2, 415
876 s 1, 237
1,950
1,156
1,982 s 2, 449
1,063 8 1, 150
59.4
57 0
47.5
59 5
60.4
1,809
2 101
183.6
196.3
187 5
164 1
565 1
377.4
177 6
471.8
324.5
156.1
464.6
330.2
2 861 8
200.2
155.8
142.8
21, 698
10, 881
22, 566
11,794
5 2, 134
s 1, 114
1,549
818
712 0
690 1
61 7
57 8
205
206
207
96 6
49 5
87 5
36
1 909 7 2, 309. 8
145 8
5 677 4
4, 376. 0
8
97 6
47 5
6
r
5
2,450
57 3
203
« 8.1
4.6
88.7
4.4
6
79
3.5
3,405
55.8
68.1
4.0
6 8.9
4.4
59.0
3,768 '2,680
2,272
194.0
196.7
208.0
188.0
560.7
355.5
205 1
551.6
362.3
210.2
666.4
377.5
332.8
274.4
247.7
237.2
173.3
1,769
960
1,714 '» 2, 085
1,002 '51,235
1,532
865
56 5
60.2
68 0
88.9
4.8
88.9
4.8
205
208
67.9
4.7
3,739
6
9.0
4.8
87.2
3.7
68.9
3.9
68.0
3.6
917
17
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons_. 12, 256
1,164
918
994
11,631
Exports _
do
39
595
17
33
518
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton
13. 813 13. 867 13. 867 13. 125
12. 892
Bituminous:
Production
thous. sh. tons__ 552, 626 539, 815 47,510 47, 730 48, 830
2
' Revised.
i Revised total; monthly revisions are not4 available.
Total for 11 months.
3
Reported year-end stocks. See BUSINESS STATISTICS.
For month shown.
» Data cover
5 weeks; other periods, 4 weeks.
« Excludes orders for motors 1-20 hp.; domestic sales of
this class in 1968 totaled $108.6 mil.; Mar. 1969, $10.2 mil.
? Effective 1st quarter 1967,
tractor shovel loaders include types not
previously covered and off-highway wheel tractors
8
exclude types previously covered.
Data cover 6 weeks.
926
68
853
49
1,016
47
1,021
75
1,000
48
960
53
988
37
13. 125
13.475
13. 475
13. 825
14. 175
14. 175
14. 955
900 '1,014
14
18
1,038
40, 690 42,300 49, 540 47,300 37,540 44, 380 44, 985 45,905 39,990 42, 425 46, 870
cfEffective with Apr. 1969 SURVEY, data revised back to Jan. 1966.
fRevised series. Monthly data for 1956-66 are on p. 35ft*.of the Mar. 1968 SURVEY.
t Revised to include combination
washer-driers.
O Radio production comprices table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
May 196»
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
Annual
S-35
1969
1968
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
41
24
15
6
464
781
303
817
46 473
27 869
16 760
7*303
48
29
16
7
1 339
1 830
Mar.
Feb.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total 9
thous. sh. tons » 480, 416
271, 784
Electric power utilities __ _ _
do
Mfg and mining industries, total
do
i1191, 066
Coke plants (oven and beehive)
do
92, 272
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
thous sh tons
Electric power utilities
do
Mfg. and mining industries, total
do
Oven-coke plants
do
Retail dealers.
_
do
Exports .
do
Prices, wholesale:
Screenings, indust. use, f .o.b. mine
$ per sh. ton__
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive.
_
Oven (byproduct)
Petroleum coke§ _ _
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants _
Petroleum coke.
Exports...
_ thous. sh. tons
do
do
_
.
do
do
do
do
do
499, 172
294, 739
188, 792
91, 107
43, 186
24, 346
17 107
8,211
38 734
21 929
15 989
8 004
39 275
22 574
16 173
8 257
17,099
15 224
1,730
773
471
475
93,128
69, 737
23,212
10, 940
85 525
64, 168
21, 169
9,537
82 724
60,750
21, 894
10 492
171
213
833
994
93 487
69 131
24, 183
11 633
87
64
23
11
773
121
552
882
92
68
23
11
38
23
15
7
858
209
125
960
40
25
14
7
519
126
882
941
465
89
66
22
10
404
417
801
321
179
188
80
100
125
173
49, 510
50,636
3,061
4 512
4,826
4,224
4 147
5.217
6.795
5.397
6.944
5.313
7.077
5.326
6 643
5.336
6.643
5.336
6.671
5 336
6 671
774
41
26
14
7
186
91
67
23
10
517
530
245
354
37 541
22 850
13 694
6 716
39 736
23 764
14* 567
6 700
681
943
1 357
492
529
754
545
96
70
25
11
220
633
372
209
91
68
22
9
966
880
885
540
90
68
21
9
518
613
725
554
85
64
21
9
525
168
169
537
r
558
041
919
452
42,268
24, 771
15 490
6 971
2 597
2 007
78 152
58 713
19, 291
8 650
76 056
57 018
18 013
8 222
215
201
180
188
148
125
5 868
5 406
3 783
4 534
4 249
3,654
2 939
5.336
6 727
5,336
6 810
5.467
7.021
5 607
7 421
5.804
7.488
209
82
72
62, 878
19,038
5,686
1 584
5 529
1 484
5,692
1,572
5,468
1 561
5 453
1 636
5 045
1 692
4 633
1 627
4,613
1 622
48
48
63,775
18 187
4 669
1 577
5,137
1 651
5,177
1,481
4 873
1 482
5,467
4,961
5,985
5 637
5,016
4 579
4 740
4 240
4,525
4,152
4,336
3 992
4 312
3 953
4 738
4 329
5 393
4 969
5,759
5 364
5 929
5 590
5 985
5 637
5,865
5,542
5 565
5 278
1 218
1,219
1 259
63
1 281
1 319
1 240
1 239
1 298
54
1 260
1 233
47
1 379
3 05
299 5
986
1 205
3 05
310.2
1 320
3 06
328 1
1 162
3 06
328 5
1 350
3 06
312 4
1 185 1 159
3 06
3 06
304 g
319.5
1 877
3 06
324 7
1 156
799
3 05
324 1
303 8
299.3
806
348
506
1,239
1 364
710
792
15,367
3 02
3 582 6
14 426
3.06
3, 744. 4
79
437
1 304
65
81
501
373
344
64
359
42
60
409
54
51
424
58
46
395
68
338
43
323
348
105
99
82
2,680
42
286
1 299
157
77
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Oklahoma)
Runs to stills
Refinery operating ratio
number
$ per bbl
mil bbl
% of capacity
All oils, supply, demand, and stocks:
New supply, total d1--Production:
Crude petroleum
Natural-gas plant liquids
Imports:
Crude and unfinished oils
Refined products
93
92
978
3 05
312 8
95
91
93
93
92
91
90
86
92
94
4 656 3
4 921. 0
430 2
395 4
408 3
402 2
420 7
409 7
398 6
414.3
399 9
427 0
427 7
388 9
do
do
3 215 7
514 5
3 328 9
550 3
288 «
47 1
273 7
45 2
285 4
47 0
274 4
44 5
283 9
46 1
283 0
45 7
268 0
44 6
276 4
46 7
269 3
46 5
276 1
48 3
275 0
48 5
249 4
45 2
do
do
411 6
514 3
35 5
58 5
32 5
43 7
37 5
38 1
40 2
42 9
45 7
44 7
43 2
37 5
42 5
43 i
45 9
45 1
40 8
43 1
r 52 1
r 50 o
37 6
66 4
40 1
53.9
16 9
31 6
29 7
31 1
19 6
21 9
91
58
36 1
—61 2
—32 6
378 1
378 6
372 0
1
.1
.2
7
2
7
7
69
371 1
162 7
56
7 8
370 8
168 8
59
mil bbl
r
r
474 7
563 7
Change in stocks, all oils (decrease — )
do
63 0
55 5
18 1
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
_ _
Kerosene
do
4 593 3
4 872 8
413 0
._
92
88
389 8
393 9
375 8
406 8
406 8
463 3
1
1
1
4
I
8
9
3
2
7 4
368 3
159 8
66
6 5
400 2
170 1
78
6 6
399 8
158 4
10 5
7 2
456 0
161 7
13 4
46 0
46 0
29 2
49 5
44 1
31 1
53 8
48 3
29 7
62 4
50 9
32 9
76 4
57 §
28 6
4 3
19 9
28 1
4 1
20 0
27 8
4 o
17 5
27 1
4 4
17 0
32 9
38
9 0
36 4
e
490 4
421 7
0
.2
58
484 6
158 7
15 5
61
415 3
145 2
11 9
106 7
71 4
29 4
116 0
85 4
28 9
94 9
69.5
26 2
39
5 5
42 7
37
4 0
'52. 1
3 g
51
39.1
938.3
279 5
96 0
562.8
905.7
265 3
99.4
541.1
do
do
do
do
do
26.5
85 5
4 481 2
1 842 7
100 1
83 4
4 787 6
1 955 8
103 1
Distillate fuel oil
Residual fuel oil
Jet fuel
do
do
do
818 2
651 9
300 8
862 7
679.9
348 3
85 4
63.9
27.9
60 1
51 5
29 2
56 1
44 5
28 0
47 9
48.2
29 2
Lubricants
Asphalt
Liquefied gases
do
do
do
44 1
131 1
344 5
48 2
141.1
385.7
3.9
5.5
33.1
4 3
9 3
25.8
4 4
13 1
27. 5
3 7
16 2
25.4
do
do
do
do
2944.1
249 0
2
96 0
2
599. 2
999.6
272 2
98.9
628.5
881.7
256.9
96.2
528.6
898.6
262 1
100.7
535.8
930.2
262 0
106 8
561.4
959.9
264 9
104 2
590.8
1 845 8 1 940. 0
2.3
4 9
211.5
208 0
153.4
147 0
160 7
162 3
170 3
170 3
167 2
166 6
162 4
172 9
159 2
151 6
223.4
209.5
203.1
201.0
193 1
186. 1
195 1
193 2
198 9
211 5
214 5
222.6
.117
.113
.115
.120
.108
.115
.115
.115
.115
110
.110
.110
.226
.230
.228
.230
.232
.231
.230
.234
.234
.228
.226
.235
.235
.233
37 1
4 0
31 6
21
29
28
2 5
31
2 7
30
30
2 4
2 3
15
17
7.9
7.0
.2
7.6
2 4
6.3
6 3
6 7
7 0
7 0
65
6 5
100 4
25 4
101 6
23.5
9 4
16.4
11 3
19 4
11 0
18 6
.110
.113
.112
Stocks, end of period, total f..
Crude petroleum
Unfinished oils, natural gasoline, etc
Finished products
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports
Stocks, end of period . _
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
Aviation gasoline:
Production
mil bbl •
Exports
do
Stocks, end of period.
do
Kerosene:
Production
do
Stocks, end of period..
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gaL .
1
1.8
(3)
7
405
155
9
.2
2
.3
3
5
2
4
8
1
7
382
180
4
0
8
5
3
6
386
179
6
991 0 1, 010. 5 1, 032. 5 1 041 5 1 035.7
266 4
262 8
265 8
271 6
266 3
102 7
104 2
98 4
99 9
101 5
641.5
671.2
621.0
664 2
673 7
2
1
2
2
1
999
272
98
628
6
2
9
5
1
2
6.6
I
6.4
78
18.6
8 2
20.9
6 9
23.0
7 0
25 7
7 6
27.2
7 5
28 0
8 7
28 7
8 7
27.1
9 9
23 5
.112
.115
.115
.115 i
.115
.111
.111
.111
.111
2
6.7
Annual total reflects revisions not distributed to the monthly data.
See note "1" for
this page.
s Less than 50 thousand barrels.
<? Includes small amounts of ''other hydrocarbons and hydrogen refinery input," not
shown separately.
f Beginning 1967, data reflect change in reporting to show all stocks of unfinished oils,
natural gasoline, plant condensate, and isopentane as one item, and stocks of "finished prod-
7
364
166
4
(3)
2
6.4
2
2
I
c
1
(y\
1
.244
I
1
ucts" as another (both items include stocks at refineries, natural gas processing plants, ter
minals, and bulk stations). Also, as a result of increased coverage in certain bulk terminals
stocks of distillate and residual fuels are on a new basis. Dec. 1966 data on new basis (mil
bbl.): Total stocks, 881.1; distillate, 158.1; residual, 63.9.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
SURVEY OF CURRENT BUSINESS
S-36
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
May 1969
1969
1968
1968
Annual
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil bbl
Imports
do
Exports
do
Stocks end of period
do
Price wholesale (Okla No 6)
$ per bbl
69.4
'4.2
66.4
.1
4.6
.1
130.6
106.6
27.6
38.3
27.9
54.5
25.1
42.6
1.5
1.7
1.7
74.0
1.35
67.4
1 35
63.0
59.9
25.8
24.8
25.9
24.3
24.5
22.9
25.4
24.9
66.1
71.2
804 8
18 5
4 3
i 159 7
840 7
36 6
18
173 2
77 3
4 8
2
93 5
65 1
2 8
68 8
2 0
69.1
2 5
71 7
2 9
70.5
2 2
66.1
26
66.0
.4
2.2
.1
101 2
115 8
139 5
168 1
191 4
206 0
100
103
102
10^
105
105
105
105
101
276 0
395.9
21 9
1
65 6
1 47
275 8
421 6
20 0
67 4
1 40
24 7
46 4
22 8
32 7
21
62 8
1 45
22 7
27 8
2 2
66 9
1 45
19 7
30 9
2 2
67 6
1 45
21 2
30 4
12
72 4
1 35
21.4
24.7
19
74 3
1 35
273 2
22 2
314 3
24 3
25 3
29 g
26 5
23 1
27 5
25 2
24 8
23 6
26 9
24 8
27 5
24 4
64 9
18.7
14 8
65 7
18 2
14 0
5 4
1 7
15 0
55
15
14 7
57
16
14 4
5 3
16
14 4
55
5.7
1.5
13 6
13 8
13.5
13.7
13.8
14.0
270
270
270
970
270
270
270
270
.270
270
.270
.270
mil bbl
do
127 8
19 9
135 5
20 1
7 3
26 9
9 8
27 6
13 0
27 8
14 2
26 9
15 3
23 0
15 7
19. 1
14.8
17.2
14.0
15.0
10.9
17.4
20.1
21.9
23.4
Liquefied gases (incl. ethane and ethylene): §
Production total
mil bbl
At gas processing plants (L P G )
do
At refineries ( L E G )
do
Stocks (at plants and refineries)
do
438 1
326 6
111 5
64 2
469 3
351 3
118 1
76 2
40
30
10
51
38
28
9
59
40
29
11
68
37
27
10
75
5
5
0
4
39 1
29 0
10 1
81 1
39.1
28 6
10 5
86 6
38.4
28 6
39.3
30.0
39.2
30.3
41.6
31.8
40.9
31.8
38.9
29.8
91 9
90 8
85.5
76.2
58.4
52.5
Asphalt and tar products, shipments:
Asphalt roofing total
thous squares
Roll roofing and cap sheet
do
Shingles all types
do
76 500
30 509
45 991
77 984
31 032
46 952
4 309
1 874
2 435
5 901
2 316
3 585
7 061
2*577
4 484
8 212
2 957
5 255
8 020
3 000
5,020
8,086
3,169
4,917
8,343
3,346
4,997
8,497
3,375
5,122
6,110
2,549
3,562
4,538
1,972
2,567
4,612
2,001
2,611
'5, 022
'2,160
'2, 862
5,156
2,189
2,967
468
445
876
422
411
886
23
26
60
30
36
71
29
44
78
36
45
81
31
43
77
41
46
81
44
42
82
55
53
89
48
28
70
29
19
62
32
10
64
'24
'13
'70
22
23
68
Jet fuel (military grade only):
Production
Stocks end of period
mil bbl
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
Stocks end of period
Asphalt siding
Insulated siding
Saturated felts
do
do
thous. sh. tons
9 9
60 5
1 45
6
4
2
4
5
8
7
7
2
8
g
0
4
.1
1
1.9
.1
4.7
.1
211 8
2.5
.1
204.0
173.2
101
.101
.101
19.4
31.3
13
75.8
1 35
20.4
32.6
13
76.9
1 35
23.7
31.8
27 4
25. 1
29.3
24.8
5.6
1.8
9.8
5.8
1.3
9.3
1.0
5.5
1.7
8.9
5.4
1.3
7.8
9.8
4.7
1.9
13.9
5.5
9.1
4.4
.8
13.8
6.2
9.1
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks end of period
thous cords (128 cu ft )
do
do
257 219
2
55 773
6 825
57 155
58 358
5 031
5 026
5 037
5,415
3 865
4 200
4,249
4 795
5 060
4 776
4 823
4 932
4,766
4 973
4 755
5,017
5 047
5,021
5,008
4 933
4,733
5,274
5,337
5,235
5,398
4,804
5,099
5,127
4,566
4,738
5,031
4,860
5,153
4,671
4,666
4,829
4,458
thous sh tons
do
2 9 ggg
826
10 292
r 5g6
883
510
859
518
899
518
870
493
761
535
885
510
850
513
929
548
858
544
798
586
'882
'584
826
582
36 660
2 1 443
23 925
2 2 563
37 903
1 725
24 308
2 508
3,270
142
2,096
226
3,180
3 277
3 207
2 078
217
213
2,997
131
1,913
191
3,290
150
2,113
209
3,053
133
1,953
197
3,360
151
2,180
214
3,190
2 076
166
2,074
204
2,898
142
1,803
191
3,249
157
2,110
188
3,049
131
1,979
189
367
130
309
348
136
296
368
133
319
359
128
297
340
131
291
363
137
318
344
128
298
363
136
316
355
104
287
345
130
286
361
131
303
333
128
288
756
334
349
74
783
345
362
76
795
339
382
73
838
369
397
73
797
323
404
71
801
344
383
74
746
315
364
67
787
346
371
70
775
339
367
68
741
278
376
86
771
322
374
75
P806
*331
"396
155
50
105
153
63
90
172
66
106
127
39
87
179
49
130
176
72
103
163
66
97
128
32
96
165
65
99
191
64
128
113
31
82
125
37
88
169
67
102
280
23
257
315
29
286
305
23
283
311
20
290
292
23
270
283
23
261
258
26
232
304
27
277
299
19
280
346
38
308
289
22
267
324
18
305
313
26
288
4 190
1,884
1,924
4 144
1,847
1,913
4 220
1 905
1 923
4 159
1 849
1,938
3 873
1,733
1,774
4 197
1,834
1,966
4 100
1,829
1.926
10
355
12
386
10
334
'4,409
'1,995
'2, 070
'12
333
4,194
1,857
2,026
13
360
4 436
1,975
2,044
12
406
4,108
1,843
1,889
13
379
11
386
4 017
1,810
1,808
3,940
4,269
4,074
4,534
'4,158
'3, 838
'4, 492
P4, 153
WOODPULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
gulf ate
do
Sulfite
do
2
2
2
Groundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
3 879
2 1 460
2 3 3g5
4 237
do
do
do
do
863
365
418
80
'741
Exports, all grades, total
Dissolving and special alpha
All other , -
do
do
do
1 710
1 902
1 102
1,231
Imports all grades total
do
3 162
3 540
do
2 898
3 238
All other
607
oce
540
3 584
278
'376
86
671
302
131
2,053
216
164
132
p79
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
2
All grades total unadjusted
thous sh tons
49 444
46 893
2
Paper
do
22 122
20 703
2
Paperboard
do
22 821
22 346
2 146
Wet-machine board
do
142
2 3 697
Construction paper and board
do
4 358
New orders (American Paper Institute) :
All grades paper and board
do
46 074 '50 027
Wholesale price indexes:
Printing paper
1957 59—100
101 9
101 4
Book paper A grade
do
117 6
119 6
r95 0
Paperboard
do
92 2
Building paper and board .
do
92.8
91.9
v
'1 Revised.
Preliminary.
See note "T' for p. S-35.
2
Reported annual total; revisions not allocated to the months.
13
369
13
370
10
366
11
301
4 332
4 248
4 227
4 252
101 9
117.8
91.7
92.0
101 9
117.8
91.7
92.1
101 9
119 4
91 7
92.3
100.6
100.6
100.6
100.6
101 9
101 9
121.0
121.0
121.0
121.0
120.5
120.5
119 4
91.4
91.0
90.6
90.9
91.0
90.6
90.6
94.8
92.3
93.8
93.7
93.5
92.3
92.3
§Data have been restated to include production and stocks for chemical use (formerly
excluded).
May 1969
S-37
SURVEY OF CURRENT BUSINESS
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Mar.
Annual
1969
1968
1968
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):
Fine paper:
Orders new
thous sh tons
Orders unfilled end of period
do
2 645
157
r
2 876
216
264
184
269
213
255
208
243
223
239
226
208
229
226
243
223
r
217
do
do
2 659
2 658
r
2 861
' 2 834
244
250
250
247
249
248
242
240
221
224
233
225
226
225
260
253
r
239
'223
do
do
6 335
449
'6r 906
525
617
525
579
537
586
504
577
539
554
546
564
506
560
528
635
541
do
do
6 332
6 332
r
6 736
'6 736
567
567
568
568
580
580
572
572
526
526
566
566
557
557
do
do
4 678
214
r 5 010
r
262
440
231
396
218
441
231
418
262
380
236
425
251
437
299
do
do
4 753
4 685
r 4 989
' 4 928
432
423
404
396
432
427
410
396
379
380
409
414
419
421
do
do
do
8,051
7 968
268
8 031
8 096
203
674
659
396
674
682
388
711
756
343
689
705
327
693
617
402
639
634
408
do
do
do
2 620
2 602
39
2 935
2 946
27
250
242
68
234
253
49
265
267
47
256
254
49
240
244
46
Consumption by publishersd"
do
Stocks at and in transit to publishers, end of
period
thous sh tons
6 907
7 025
604
586
622
579
630
633
584
605
626
623
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered _
$ per sh ton
6 599
6 462
531
594
581
544
139 05
141 40
141 40
141. 40
141 40
444
618
439
87
454
869
480
494
733
480
90
497
767
480
90
Production
Shipments
Printing paper:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Coarse paper:
Orders new
Orders, unfilled end of period
Production
Shipments
Newsprint:
Canada:
Production
_
Shipments from mills
Stocks at mills, end of period
United States:
Production
Shipments from mills
Stocks at mills, end of period
Paperboard (American Paper Institute) :
Orders, new (weekly avg.)
thous. sh. tons ...
Orders, unfilled §
do
Production, total (weekly avg.). __ .
do
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil so ft surf area
Folding paper boxes, shipments, index of physical
volume
1947-49— ino
r
' 210
216
'270
'239
p248
p234
' 236
235
'260
'261
P237
*237
'541
'495
r
575
' 525
'588
'493
p562
*547
615
615
T
552
r 552
'556
' 556
'586
' 586
P556
v 556
441
275
'421
"•282
r
390
' 262
'453
'266
J> 415
*275
425
424
r 430
'422
'409
' 410
'439
'435
M19
v 412
576
622
362
719
760
320
702
761
262
683
742
203
710
644
268
681
615
334
743
726
351
253
247
51
240
240
52
257
259
50
248
255
43
233
249
27
275
265
38
252
251
38
279
274
44
509
559
599
645
652
630
564
541
638
681
704
659
660
628
633
644
655
673
542
505
451
568
514
636
489
510
532
141 40
141 40
141 40
141 40
141 40
141 40
141 40
488
778
489
91
510
826
489
433
847
421
513
877
497
470
895
469
536
921
512
511
966
502
454
869
518
467
894
509
530
943
512
556
1,009
528
523
1,042
509
162 596 r 173 g34 r 13 44(5 r 14 353
r 15 949
r 14 184
13 559 r 15 390 r 15 348 r 17 156 r 15 123 T 13 861
14 884
14 141
15 474
15 796
r 135 9
r 139 o
r 130 6
132.4
131.2
P 135. 1
' 49 70 ' 54 57 r 48 97 ' 46 79 ' 50 41 45 96
99 79 ' 107 76 ' 98 00 91.75
107 19 104 69
49.00
49.58
21.81
43 69
63 30
36 24
59.78
134 1
138 0
r 137 8
r
r 130 4
r 144 9
r 141 8
r
237
226
r
' 161 2' 136 1 142 2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption...
thous Ig tons
Stocks , end of period
do
Imports, incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)._$ per lb..
Synthetic rubber:
Production..
Consumption
Stocks, end of period
thous Ig tons
do
do
488 85
111.66
452. 80
' 581 86ar 50 04
r 107 76
95 09
39 49
540 17
r 48 53
94 42
42. 17
r 50 23
92 64
42.72
.176
.179
.186
' 46 83 r 41 42
92 07
99 57
36 73
51 26
r 46 83
103 02
46 06
.221
.231
1 911 87 r 2 131 10 °180 29 177 88 184 77 173 42 ' 171 50 178 63 172 89 178 43 180 62 r 183 03 '181 63
1 628 26 r i 804 38 ar Igl 90 ' 155 70r 162 52 r 153 30 r 135 69 ' 154 23' 158 66r 178 96 ' 161 76r 154 71 '169 39
369 94 r 369 98 358 80 357 83 354 33 364 32 375 64 374 65 361 12 347 40 347 01 r 369 98 '379 54
174 97
162 99
387 46
.199
Exports (Bu. of Census)
do
299 80
Reclaimed rubber:
Production
_
Consumption
Stocks, end of period.- . _
do
do
do
243 65
239 27
28 40
.198
291 03
26 15
24 86
27 39
.213
21 23
' 257 22o r 22 76 ' 22 17 r 22 84 r 21 28
' 250 43a r 23 43 ' 22' 07 ' 21 86 20 70
r 29 58
29 00
29 07
28 95
28 58
.208
23 67
.210
30 71
.201
37 76
.215
13 86
.228
18 28
.228
18 77
4 50
7 03
' 17 72 ' 19 75r 20 33
' 15 90 ' 19 10 r 20 19
29 46
29 87
30 26
r 22 66 ' 20 19 r 19 88 r 21 71
20 23
' 22 42 r 19 86 ' 19 15 ' 21 32 20 46
29 94
29 64 ' 29 58 r 29 76
29 78
.259
.270
13 55
TIRES AND TUBES
Pneumatic casings, automotive:
Production
thous
163, 192
203 052
Shipments, total
Original equipment.
Replacement equipment
Export
do
do
do
do
172 939
47 733
123* 085
2 121
199
58
137
3
Stocks, end of period.-- _ .
Exports (Bu. of Census) . _ _
do
do
34 782
1 450
42 127
2 518
do
do
do
do
39 775
41 691
11 005
849
43 791
43 957
11 828
1 390
Inner tubes, automotive:
Production.,
Shipments
Stocks, end of period
Exports (Bu. of Census) .
18 175
17 212
17 930
16 683
14 429
15 694
16 506
18 695
16 831
16 186 ' 18 081 17, 170
18 269
337 16 740
365 r 5 473
779 '11 090
193
176
18 876
5 176
13 500
'200
19 059
5 603
13 025
431
18 427
5 265
12 782
381
15 782
2*986
12* 561
235
15 235
2 542
12 399
' 294
18 226
5 305
12 514
'407
19 623
5 679
13 681
264
15 450
5 899
9 372
178
13 832 ' 15 223 14
4 898 ' 5 062 4
9
8 743 r 10 074
r 87
190
160
551
497
112
17 095
5 212
11 645
238
43 742
93
42 369
126
41 817
280
40 689
416
39 485
185
39 969
254
38 719
397
37 930
'245
39 698
157
42 127 ' 45 124 48 469
53
86
' 144
50 365
203
3 991
3 778
11 453
62
3 598
3 532
11 605
'l97
3 770
3 675
11 744
120
3 492
3 574
11 917
83
3 093
3 440
11 518
92
3 491
3 595
12 437
115
3 428
3 658
12 442
266
4 094
4 230
11 146
132
3 474
3 ''OO
11 489
109
3 584
3 277
3 899
3 031 ' 4 720 3 466
11 828 ' 11 203 11 190
51
87
73
3 756
3 602
11 546
118
Revised.
p Preliminary.
« Revisions for Jan. and Feb. 1968, respectively, are as
V™ 2?s< g- tons): Natural rubber consumption, 49.75; 48.20; synthetic—production,
;
ol%86; consumPtion, 162.80; 154.14; reclaimed-production, 23.81; 23.83; consumption,
ZZ.TG.
c? As reported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
S-38
May 1969
SURVEY OF CURRENT BUSINESS
1967
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
Annual
1969
1968
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
30 954
22 760
19 088
20 096
26 106
430 7
603 3 r 489 3
16 6
15 3 r 16 5
128 7 ' 110 4 96.0
468 5
16.0
108.5
Apr.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous bbl
CLAY CONSTRUCTION
374 017 1397 343
26 176
34 426
37 389
36 876
41 763
44 106
39 855
45 358
600 0
16 0
139 4
710 5
14 6
160 0
734 9
15 8
159 7
687 1
16 8
154 2
727 2
16 9
165 7
708 1
18 2
168 5
672 0
18 3
169 6
741 0
17 1
170 3
PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile, except facing
thous sh tons
Sewer pipe and fittings, vitrified
do
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil sq ft
Price index, brick (common), f.o.b. plant or
N.Y. dock
1957-59=100
7 117 4 rlr> 534 0
234 5
192 5
1 572 2 r l 705 5
240 1
r 220 6
18 0
99 4
18 8
17 4
19 0
17 8
18 8
21 0
18 2
'20 2
17 2
14.9
257 5
274 5
99 6
23 9
25 2
24 3
22 4
24 5
23 9
24 5
21 2
20 2
^3 0
21.7
113 4
117 1
115 8
115 8
116 1
116 5
116 8
117 6
117 6
118 1
119 6
120.2
thous. $
331 976
387 638
89 988
90,523
98 192
108 935
do
do
131, 476
9
00 500
139, 568
248 070
34, 335
55 653
29,684
60 839
35, 843
62 349
39, 706
69 229
225 579
(6}
(6)
20 068
20 992
21 757
21 909
23 054
21 368
22 870
21 120
19 921 '22 370
228 766
(6)
(6)
17 146
18 666
20 017
21 322
23 576
20 034
20 902
18 705
20 795
23 631
(6)
(6)
1 591
1 930
1 886
2 365
3 473
2 681
2 252
1 575
57, 852
(6)
(6)
3 693
4 066
4 524
4 864
5 826
4 763
5,591
do
do
do
38 185
44 501
19 459
(6)
(6)
(6)
(6)
(6)
(6)
3 755
3 798
1 304
3 980
4 331
1 323
4 519
4 577
1 465
4 684
4 983
1 349
4 387
4 781
1 591
3 609
4 081
1 637
do
do
do
38 516
5 664
958
(6)
(6)
(6\
(6)
(6)
(%\
2 657
2 638
2 649
356
42
339
58
2 696
3 065
do
22 546
23 518
(6)
16 304
18 407
19 936
20 324
19 594
thous sh tons
...
do
4 722
q 393
5 454
10 194
1 069
2 233
1 402
2 582
1 604
2 768
1 379
2,611
_
do
7 879
8 499
1 923
2 155
2 330
2 091
do
do
4 511
4 993
866
73
1 487
1 369
78
77
1 273
302
do
do
561
813
531
780
130
184
137
196
143
215
120
185
r
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
Sheet (window) glass, shipments
.
Plate and other flat glass, shipments...
Glass containers:
Production
thous gross
Shipments, domestic, total. .
do
General-use food:
Narrow-neck food..
_ _
do
Wide-mouth food (incl. packers' tumblers,
Jelly glasses, and fruit jars)
thous. gross
Beverage
Beer bottles..
Liquor and wine_._
.
Medicinal and toilet.
Chemical, household and industrial
Dairy products
Stocks, end of period
. _
284
64
324
57
387
66
19, 362
23 193
18 627
17, 851
20, 796
1 698
1 858
1,737
2,174
4,983
5,017
4,703
4,311
4,546
4 190
3 373
1 802
3 882
3 268
1 586
5,113
3 506
1 673
3, 454
3 617
1 557
3,386
3,406
1,513
4,226
4,328
1,818
2 810
3 189
2 934
3 237
380
••62
3,064
386
48
3,214
417
60
483
68
2 996
440
65
20 709
22 463
24 626
23 518
27, 146
28, 512
30, 796
r 805 r21 H5
913
579
317
390
63
r
r
r
435
55
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports.
Production
_
_ _
Calcined, production, total
.
Gypsum products sold or used, total:
Un calcined uses
Industrial uses
_.
Building uses:
Plasters:
Base-coat .__
...
All other (incl. Keene's cement)
Lath
Wallboard
All other
mll.
_
sq. ft
do
do
293
949
995
7 089
8 132
243
267
226
2 326
2 048
52
235
285
249
1 771
75
1 986
64
79
73
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production total 9
mil linear yd
Cotton
.
do
Manmade
fiber
do
11 983
8 263
3 493
Stocks, total, end of period 9 cf
Cotton.
Manmade fiber __
do
do
do
1 317
' 837
465
Orders, unfilled, total, end of period 9 f
Cotton
Manmade
fiber
do
do
do
3 190
2 060
1 045
r
11 652
7 452
r 3 978
621
313
604
315
009
592
320
2 QCS
2
558
2 311
573
317
1 99^
1 9 en
778
457
1 99R
748
466
1 9oc
2 948
1 608
1 241
2 974
1 640
1 236
2 909
l' 596
1 994
2 1 l^fi
2 738
2 373
QOQ
705
1 240
' 784
1 990
440
769
437
775
435
2 878
l' 635
2 814
1 666
1 054
2 836
1 670
1 069
2 892
1 651
1 149
r 1 9fl1
r 482
r
QRO
r 1 ' 1 fi9
QO7
756
466
576
320
2 i igo
2 709
2 403
914
570
329
511
2689
' 2 405
r 280
1 177 r i 201
1 171
' 683
r
475
1 225
' 749
1 192
463
715
464
2 768
1 500
1 180
2 864
1 575
1 912
2 889 r 2 878 r 2 ? 790
1 596
1 616
1 635
1 193 r 1 162 r 1 HO
9 164 3 10 030
711
452
705
r 482
1 128
646
468
2 798
1,572
1 130
COTTON
Cotton (exclusive of linters):
Production:
GinningsA
_
thous. running bales
Crop estimate, equivalent 500-lb. bales
thous. bales
Consumption
do
Stocks in the United States, total, end of period
thous bales
Domestic cotton, total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
~
do
Foreign cotton, total
"""do
10 917
7 7 439
7 458 r 10 948
9 215
8 roo
7 7 458
7 439
r
721
2 839
19 Qfwi
14 563
10 898
9 660
8
14 472 19 01 9 10 826
9 594
8
1 509
955
660
7 916
Q ftfl7
ll' 369
6 810
5
2 125
2
1 594
1 956
1 571
91
52
72
66
r
2
Revised.
i Reported annual total; revisions not allocated to the months.
Data
coyer 5 weeks; other months, 4 weeks.
3 Ginnings to Dec. 13.
« Ginnings to Jan. 16.
p
the ye ar 1968
6 Data not
!i?™ ^ .
,
'
available owing to lack of complete reports from
the industry.
? crop for the year 1967.
9 Includes data not shown separately.
7
374
1 416
5 955
692
682
2 670
665
643
2 813
658
577
588
529
7 633
7 580
6 448
6 402
813
087
5 037
1 927
16 575
16 517
11 085
3' 777
1 655
15 7^0
15 665
10 339
3 819
1 507
14 636
14* 9575
6 68
6 890
1*419
13 796
13 746
3 360
8 839
1 475
19 964
12 912
1 534
9 807
1 571
628
59
616
300
4 277
1 825
4
'510,917
10 833
2
806
r
647
••510,948
660
12 Oil 11 492 10, 748
11 963 11 446 10, 707
866
979
'930
9 312 r'8 626 7,953
1,888
1 823
1 721
41
'45
59
56
55
52
48
54
58
46
cTStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims.
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ATotal ginnings to end of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
May 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
S-39
1968
Annual
Mar.
Apr.
May
June
July
1969
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
thous. bales
Imports
do
Price (farm), American upland
cents per l b _ _ _
Price middling 1" avg 12 markets 1
do
Cotton linters:
Consumption
thous bales
Production
do _
Stocks, end of period
do
383
3
21.6
9
49
277
2
21.1
24 8
108
62
549
90
41
492
92
27
436
20.1
13 8
12.5
.501
2
85
20.1
13 7
10.3
516
7 0
20.1
13 6
10.3
.513
6 8
1.065
1.040
1.040
3,973
169
i 25. 4
124.8
3, 870
95
1,080
977
617
1 107
998
405
85
83
594
mil__
do
bil. _
_do__ _
do
20.0
14.4
126.2
.486
94.4
20.0
13 1
128.0
.493
85 9
20.1
14.0
10.3
.516
7 2
Cotton yarn, price, 36/2, combed, knit
$ per lb_.
Cotton clotb:
Cotton broadwoven goods over 12" in width:
Production (qtrly )
mil. lin. yd
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod._
Inventories, end of period, as compared with
avg. weekly production -No. weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills), end of period, seasonally adjusted
.942
1. 049
1.070
8 278
7,466
15.4
13.8
12.1
12.7
12.3
12.1
16.8
12.4
5.2
5.3
4.9
5.2
5.2
5.3
6.8
.35
.40
.42
.41
.42
.42
268.1
527.0
256.0
555.3
17.7
42.8
24.1
48.3
22.7
40.0
37.75
75.60
? 61. 45
37.73
s 93. 25
64.40
36.13
90.48
65.97
36.77
91.98
63.25
* 18. 4
17.3
18.6
17.0
19.0
17.0
18.9
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles,
last working day, total
C onsumin 0 " 100 percent cotton
Spindle bours operated, all fibers, total
Average per working dav Consuming 100 percent cotton
Exports, raw cotton equiv.*
thous. bales..
Imports, raw cotton equiv.* _
do
Mill marc ins:*
Carded yarn cloth average
cents per lb__
Combed varn cloth average _ __ _ do
Blends (65% polyester-35% cotton)
do
Prices, wholesale:
Print cloth, 39 inch, 68 x 72. __ cents per vard..
Sheeting, class B, 40-inch, 48 x 44-48
do
436
3
20.3
25 2
f
406
3
20.2
25 1
2
2
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier _ _ __. _ _ $ p e r l b . _
Yarn: Pi avon (viscose), 150 denier _ _
do__.
Acrylic (spun), knitting, 2/20, 3-6 D* do. .
Manmade fiber and silk broadwoven fabrics:
Production (qtrly) total 9
mil lin vd
Filament yarn" (100%) fabrics 9
'- _ do
Chiefly rayon and/or acetate fabrics
do
Chiefiv nvlon fabrics
do
Spun varn (100%) fab oxc blanketing 9 do
Ravon and/or acetate fabrics and blends
do
Polvester blends with cotton
do
Filament and spun yarn fabrics (combinations
and mixtures)
mil lin yd
WOOL
Wool consumption, mill (clean basis):
Carpet class
do
Wool imports clean yield
do
Duty-free (carpet class)
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per lb-.
Graded fleece, 3^ blood.
. __ . _ _ d o
Australian, 64s, 70s, good topmaking
do
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system wholesale price
1957 59 — 100
Wool broadwoven goods, exc. felts:
Production (qtrlv )
mil lin yd
Price (wholesale), suiting, flannel, men's and
bovs', f.o.b. mill
__ ... 1957-59 = 100
92
42
255
20.2
13 6
10. 5
419
2
68
20.2
13 5
10.1
.504
6 6
20.2
13 3
9.9
.495
6 5
1.040
1. 039
1.037
93
156
359
80
166
405
20.2
13 3
12. 5
.502
2
83
20.0
13 1
9.9
.495
6 5
20.0
13 1
8.6
.431
5 6
1.032
1.032
1.032
11.6
12.4
12.4
5.4
5.3
5.1
5.0
.40
.42
.44
.41
17.6
42.8
17.9
38.0
20.5
53.6
29.8
54.3
37.30
92.91
63.85
37.73
94.40
62.84
38.00
3 90. 13
63 69
37.85
90.58
64.04
17.0
18.9
17.0
18.4
17.3
18.4
17.5
18.4
8,156
12, 338
5,921
16, 848
2
2
r
1, 930
2
'20.0
13 1
9.8
r
490
6 4
20.0
13 1
10.0
498
65
13.8
13.2
12.4
12.6
5.3
5.6
5.2
5.0
.40
.40
.43
.43
.41
17.5
48.6
25.5
43.8
21.5
35.6
8.0
15.9
15.4
29.2
35.3
60 2
38.10
91.72
62.24
39.03
93.31
60.31
40.80
95.20
60.51
42.02
42.53
98.55 3109. 27
60.68
58.60
43.08
109. 24
55.01
42.92
107 86
55 15
17.5
18.4
17.5
18.4
17.8
18.4
4,237
6,807
2,900
5,767
9,048
12 366
3 548
13, 929
422.5
391.5
101.8
442.4
421.1
109.3
5,573
6,200
4,026
16, 599
8,812
10,040
3,614
15,804
8,486
11, 798
4,937
19, 925
33.9
47.2
49.1
52.4
59.4
59.0
134 9
159 7
37 2
154.6
158 8
41.5
168.3
183.4
44.4
194.3
210.9
44.2
.61
.84
1.42
.61
.87
1.43
.61
.87
1.43
.61
85
1.42
4 239 3
1,620.4
754.0
5 324 2
1 W) 0
5 254 4
1,845.8
786. 8
361 1
9 730 6
1 284 7
465/4
210.4
86 5
649 6
600 2
1 184 8
680 2
1 734 0
178 0
408 8
412 5
451 4
112 7
998 7
900
Q
1 Q d.
7 2
91 7
7 7
19 3
7.2
21 2
8 2
2 in Q
91 4
949 4
119 6
2 24 9
2
8.8
22.8
10 0
1Q Q
83 9
187 3
78 2
7 2
19 0
10 3
27 4
25 3
14 0
19 0
7.2
19 2
9 7
17 8
7.1
20 6
12 5
2 99 ^
2
8 8
17 7
9 2
7 1
16 4
9 0
1.215
.910
1. 153
1. 207
840
1.180
1.178
.825
1.175
1.190
.825
1.175
1.208
.820
1.175
1.220
.820
1.175
1.220
.820
1.175
1.220
.850
1.175
1.210
.840
1.175
1.215
.864
1.191
1.245
.880
1.195
1.245
.880
1.195
92 6
91 0
89 9
90 9
90 7
90 7
91 0
91 7
91 8
92 4
93 4
93 4
238 6
245 1
9
6 0
101.7
100. 9
100.5
101.1
101.1
102.1
.61
.84
1.43
I
.61
.85
1.43
.61
.88
1.43
100.5
.61
.88
1.42
1 310 5
460.1
203.1
88 0
677 7
1 281.1
445.5
178.8
89.9
672 2
1 378. 1
474.8
194.5
96.7
731 1
173 5
430 6
158.6
432 3
170 1
462 3
117 8
106.5
114.4
100.8
170
101.1
101.1
101.1
16 3 r 2222 9
9. 6
6.7
10.9
18 1
31
7 6
1.245
.880
1.195
r
17 1
7.5
9.2
2.7
18.1
6.8
1.239
.880
1.195
1.220
.858
1.195
1.220
.850
1.195
57 6
56 7
68 8
100.5
.61
.88
1.42
5,231
5,497
2,416
4,804
.61
.88
1.41
.66
.81
1.52
.61
.82
1.42
42.71
108 08
58 70
17.8
18.4
409.7
359 6
99.6
8,396
9,185
6,124
18, 376
r
r
20.6
22 o
1,792
1, 712
1,390.4
218.9
198.7
8,509
8,583
5,485
17, 480
r
110
170
460
130
3
20.5
22 1
19.9
13 0
2 12.2
.488
2
7 9
2
1,300.9
204.7
180.4
8,516
9,381
5,584
15, 165
2
55
1
19.6
22 2
91
132
542
1,228.9
183.3
176.7
8,011
9,134
5,650
14, 474
55
(6)
19.2
22.5
97
142
498
40.7
51.3
r
1
2
3
Revised.
Season average.
For 5 weeks, other months, 4 weeks.
Beginning
July 1968, average omits one cloth (July 1968 margins comparable with earlier data, 95.52
cents per pound); beginning Jan. 1969, the average omits two cloths previously included
5
(Dec. 1968 margins comparable with new data, 107.87 6cents).
<For 10 months.
Re7
vised total; revisions not distributed by months.
Less than 500 bales.
Avg. for 5
months, Aug.-Dec.
« Avg. for 6 months, July-Dec.
IFor the period Sept. 1967-Feb. 1968, 14 markets; beginning Mar. 1968, 12 markets.
77
20
300
114
160
308
r
7,910
9,100
4,579
20, 250
95
20
364
152
2
26.5
24 3
276
1
21.6
22.7
2, 032
7,205
7,944
3,953
20, 668
262
44
26.2
25.0
185
1
24.2
23.3
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil. Ib
3, 980. 6 5,131.4 1,211.2
198.3
Filament varn (rayon and acetate)
_ __ do_ 734.7
805 2
183.3
Staple, incl. tow (rayon)
_do
603.4
739. 1
Noncellulosic, except textile glass:
Yarn and monofilaments
_.do _. 1,213.9 1 649.5 374.9
365.8
1 119 8 1 538 0
Staple incl tow
do
Textile glass
fiber
_ do _
88.9
399 6
308.8
Exports: Yarns and monofilaments
thous. lb_- 5 88, 831 96, 390
Staple, tow, and tops.-_ do- ..
78, 293 108, 253
Imports: Yarns and monofilaments
_ -do - . 28, 194 5 59, 303
Staple, tow, and tops
do
5 149, 672 217, 707
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb_.
51.7
59.4
Staple, incl. tow (rayon)
do _ _ .
43.8
59.0
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
_ ..do
138.7
194 3
Staple, incl. tow
-do
142 4
210 9
Textile glass
fiber
do ...
40.4
44 2
213
20
26.0
25 0
357
2
21.5
24 9
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of about 70 types of
unfinished carded yarn cloths and to simple averages of 5 to 8 combed yarn cloths ana of 3
polyester-cotton blends; no comparable data prior to Aug. 1966 are available.
Exports and
imports of cotton cloth (U.S. Dept. Agriculture) available beginning July 1959; spun yarn
price (BLS), beginning Jan. 1965.
Q Includes data not shown separately.
May 1969
SURVEY OF CUERENT BUSINESS
S-40
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1969
1968
Annual
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TEXTILE PRODUCTS—Continued
APPAREL
thous. doz. pairs
223 482
225 558
19 151
17 107
18 022
19 898
18 331
19 858
19 536
21 632
20 631
16,587 ' 18,170
18, 514
thous. units
. do
19, 719
4,770
21, 710
4,141
1 848
297
1 854
365
1 810
426
1 783
*363
1 272
318
1 856
408
1 836
420
2 352
395
1 869
304
1,620 ' 2, 193
244
'290
2,055
269
Coats (separate) , dross 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
13 726
138, 571
14 036
158 353
1 188
13 237
1 263
13' 799
1 256
14 841
1 172
13 828
793
12 079
1 208
14 418
1 074
13 417
1 367
14 594
1 292
13 214
1 028
10, 350
22 835
24 038
2 170
2 118
2 109
2 061
1 716
1 992
1 858
2 312
1 982
1,601
7 464
4 042
6 945
3 310
579
308
514
295
555
268
660
265
416
214
544
259
676
268
629
340
691
287
632
228
22 414
279, 864
7 983
21 370
270 257
8 152
1 449
27 376
1 060
1 209
28 394
622
1 588
24 049
526
1 749
21 034
643
1 865
19 136
659
2 108
21 334
646
2 051
19 892
532
2 222
22 984
622
1 899
19 371
514
14,064
8 548
15, 095
7 845
1 466
660
1 410
714
1 455
649
1 271
742
1 142
854
1 201
788
1 148
645
1 389
773
1 205
545
Hosiery, shipments
Men's apparel, cuttings:
Tailored garments:
Suits
Overcoats and topcoats
Women's, misses', juniors' outerwear, cuttings:
Coats
thous. units
Dresses
._ _.
do
Suits
do
Blouses, waists, and shirts
Skirts
.thous. doz
do
r
r
1, 354
13, 367
r
1, 974
' 628
'293
1,192
12, 778
1,927
575
307
1 362 ' 1, 765 1,687
22,583
17 261 '20,976
r
592
492
648
915 ' 1,r 180
385
674
1,220
728
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $
U.S. Government
- ___
.do
Prime contract.-. ._
___
_ _ d o __
Sales (net), receipts, or billings, qtrly. total do .
U.S. Governmentdo
26 900 i1 27 341 1 7 244
18, 538
16, 584 !3 640
24, 423 i 24, 606 »6,633
23 444
25 579
6 321
16 334
4 156
16 600
6 731
3 881
6,226
6 221
3 989
T
l 149
' 5 577
'6,509
'6 257
' 3 991
6,217
3,486
5,238
6,780
4 464
Backlog of orders, end of period 9 _ _
do
U.S. Governmentdo
Aircraft (complete) and parts
do
Engines (aircraft) and parts
_
do
Missiles, space vehicle systems, engines, propulsion units, and parts.. _ __
mil. $
Other related operations (conversions, modifications), products, services
mil. $
30, 936 i 30, 934 !30,262
17 950 i 16 352 116 057
16 401 i 16 779 U6 813
4 252 i 3 958 14 192
30 589
15 768
17 938
3 916
'31 497
'17 330
r 17 389
' 3 824
30, 934
16 352
16 779
3 958
Aircraft (complete):
Shipments ©
Airframe weight ©
Exports
do
thous. Ib
mil. $
5 704
i 5 084
1
4 708
4 007
r 5 164
5 084
2,810
i 2, 839
i 2, 759
2 827
' 2 917
2,839
2 981 5
56, 739
786 5
4 355 1
76 202
1 403 1
357 0
6 671
78 7
373 4
6,858
115 4
391 4
6 931
130 9
339 5
5 831
125 8
406 8
6,931
117 6
340 3
6 005
121 7
311 6
5 668
94 1
968.0
917 7
800 7
764 0
167 3
153 7
941.7 1, 103. 5
895 8 1 051 6
782.7
916 9
747.8
876 2
159.0
186 6
147.9
175 4
990.1
945 g
813 7
781 6
176 4
164 3
773.1
744 8
624.6
605.4
148.5
139.4
292.1
274 7
193.1
182.6
99.0
92.1
816.9 1, 125 .2 1, 040. 7
769 4 1 065 2 984 3
935.2
876 6
656 4
889.5
831.0
620 0
164.1
190.0
160 5
149 4
175.8
153.3
881.9
832 2
732 1
693.7
149.8
138 5
330 46
286 78
92 03
30 92
27 99
7 63
29.90
25 65
8 40
30 19
27 62
7 82
26 12
23 22
6 84
15.35
13 63
6 07
8.29
6 86
5 41
27 71
23 60
8 84
30.32
26 24
7 83
36.28
30 79
10.03
30 96
26 00
9 67
1 020 62 31 620 45
323 55 3 500 65
75 07 3 114 65
112 32
34 12
8 09
117.33
34 32
6 20
157 10
49 07
6 93
139 11
50 91
9 93
139. 32
32 25
8 70
97.25
13 68
3 58
126 02
42 57
10 50
143. 10
54.54
13 60
154.81
55.67
13.95
164.36
51.65
11 99
96 539 pH3 928
59 147
75, 148
10 207
6 775
9 §14
5,899
10 918
7 188
8 942
5 676
8 891
5,529
q 526
6,439
9 544
6,475
9 980
7,036
33 761
2 181
2 165
1 956
2 532
2 392
2 308
3 703
3 g 357 4 39 403 9
3 779 2 3 985 8
3 i 513 4 31 775 6
725 0
75 5
131 7
859 4
o 82 4
161 6
824 3
78 4
149 6
800 6
o 78 0
145 9
872 0
»79 5
161 9
744 4
»81.7
150 9
56 232
38 961
17* 271
5 712
3 978
1,734
5 774
3 395
2,379
4 994
2 906
2 088
4 408
2 728
1 680
3 499
2 476
1,023
3 760
2 488
1,272
337 7
5,782
53 5
414 9
6,859
160 7
369 5
390 0 ' 338 4 '352 2
6 264 ' 5,858 ' 5, 598 6,538
133.4
153.8
139 8
132 4
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
thous__
do
do
do
do
do
Exports:
Passenger cars (new), assembled
To Canada*
Trucks and buses (new), assembled
do
do
do
Imports:
Passenger cars (new) , complete units
From Canada*.
Trucks and buses complete units
do
do
do
Shipments, truck trailers:
Complete trailers and chassis
number
Vans.. _ _ _ _
do
Trailer bodies and chassis (detachable), sold
separately
number
Registrations (new vehicles): O
Passenger cars
Foreign cars. _
Trucks (commercial cars)
thous
do
do
8, 976. 2 10, 718. 2
8 484 6 10 172 2
7 436. 8 8 822 2
7, 070. 2 8 407 1
1, 539. 5 1 896 1
1 414. 4 1 765 1
280 58
236 64
82 24
27 497
0
976.5
933.3
815.4
782.1
161.1
151.2
864.7
825.0
707.4
677.4
157.3
147.7
932.3 2 875. 8
878 4
763 3 2 710. 2
721.7
169. 0 2 165. 5
156 7
25.73
24 75
5. 72
23.56
20 77
6.59
34.64
29 46
10.97
106.32
50.21
12.84
121. 48
48.17
8.23
137. 47
46.36
13.12
9 701
6,774
9 685 ' 9, 890
6,616 ' 6, 739
10, 890
7,294
3,769
3,966
4,534
1,605
3,005
705 3
94.7
148 5
880.3
103.8
170 3
757.0 * 977. 3
84.2 497.6
140.3 4 185. 5
657.6
63.4
133.2
"607.5
"53.4
« 124. 5
681.2
58.1
144.0
4 448
3 062
1,386
4,533
3 319
1,214
4,097
2 670
1,427
4,536
3 706
830
4,482
3 853
629
5,205
4 439
766
5,312
4 516
796
3,155 '4,321
3,032 ' 4, 221
123
100
9, 793
6,775
3 018
9,630
7,830
1,800
9,356
7,039
2,317
7,768
4,340
3,428
' 3, 641
' 3, 136
505
5,957
5,157
800
5
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers total
Railroad shops, domestic
number
do
do
83 0%
64 775
18 390
New orders
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
53 703 3 63 561
38 468 349*391
14 170
15 '?35
3 860
3 380
480
3 294
2 502
792
4 057
2 686
1 371
3 233
3 197
36
2,789
2,586
203
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops domestic
do
do
do
24 917
14 276
10 641
31 740
24 540
7 200
22 933
11,894
11 039
20, 364
10, 862
9 502
19 281
10 496
8 785
17 810
10, 969
6 841
16,948
10, 977
5 971
16, 261
11, 439
4 822
16, 229
12, 693
3 536
21,400
16,060
5 340
26, 939
21, 226
5 713
31, 740
24,540
7 200
34, 994
24, 995
9 999
33, 439
23, 701
9 738
34, 073
24, 331
9 742
1 489
51
1 458
52
1 478
5.2
1,476
5.2
1 473
5 2
1 473
52
1,470
5.2
1,467
5.4
1,466
5.4
],463
5.2
1,461
5.2
1,4.58
5.2
1,456
5.2
1,455
5.2
1,452
5.3
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
Held for repairs, % of total owned
Capacity (carrying), aggregate, end of period
mil. tons__
Average per car
ton?^
93.57
93. 62
93.82
93.55
93.15
63.40
63.30
63.55
64.34
62.85
l
' Revised.
Beginning 1st quarter 1968, value of new orders and backlog refers to orders
on a funded order basis for Government contracts and on binding legal documents (or equivalent) for commercial business. Revised 4th quarter 1967 figures, comparable with funded
data
beginning 1st quarter 1968 (mil. dol.):
Total net new orders 7,428; total backlog, 29,339.
2
Preliminary estimate
of production. 3 Annual total includes revisions
not distributed
4
5
by months.
Includes delayed registrations for seven States.
Beginning Jan. 1969,
data exclude vehicles on runners and skis.
« Omits data for 1 State.
93.82
93.84
93.91 93.88 -93.91
93.83
93.72
93.68
93.66
93.80
64.34
64.54
64.68
64.12
64.50
64.23
63.84
63.75
63.90
63.66
9 Total includes backlog for nonrelated products and services and basic research.
© Data include military-type planes shipped to foreign governments.
*New series;
source. Bureau of the Census.
O Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communications
1-7
7-9
9,10
10-12
12-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25,26
26-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products.
Transportation equipment
37
38
38^10
40
INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
4,6,7,40
Alcohol, denatured and ethyl
25
Alcoholic beverages
11,26
Aluminum
33
Apparel
1,3,4,8,9,11-15,40
Asphalt and tar products
35,36
Automobiles, etc
1,3-9,11,12,19,22,23,40
Balance of international payments
2,3
Banking
16,17
Barley
27
Battery shipments
34
Beef and veal
28
Beverages
4,8,11,22,23.26
Blast furnaces, steel works, etc
5-7
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials
7-8,
10,31,36,38
Building costs
10
Building permits
10
Business incorporations (new), failures
7
Business sales and inventories
5
Butter
26
Cattle and calves
28
Cement and concrete products
9,10,38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores. . .
12
Cheese
26
Chemicals
4-6,8,13-15,19,22-25
Cigarettes and cigars
30
Clay products
9,38
Coal
4,8,22,34,35
Cocoa.
,
23,29
Coffee
23,29
Coke
35
Communication
2,19,24
Confectionery, sales
29
Construction:
Contracts
9
Costs
10
Employment, unemployment, hours, earnings.. 13-15
Fixed investment, structures
1
Highways and roads
9,10
Housing starts
10
New construction put in place
9
Consumer credit
17,18
Consumer expenditures
1
Consumer goods output, index
3,4
Consumer price index
7,8
Copper
33
Corn
27
Cost of living (see Consumer price index)
7,8
Cotton, raw and manufactures
7,9,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops.
3,7,27,28,30,38
Crude oil and natural gas
4,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,7,8,26,27
16
18
11,12
16,17,19
16
26
2,3,18-21
11,12
14,15
11,12
3,7,28,29
4,8,25,26
4-8,
13-15,19,22,23,34
Employment estimates
12-15
Employment Service activities
16
Expenditures, U.S Government
18
Explosives
25
Exports (see also individual commodities)
1,2,21-23
Express operations
23
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,7,8
Farm wages
15
Fats and oils
8,22,23,29,30
Federal Government
finance
.
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28,29
Food products
1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight cars (equipment)
4,40
Fruits and vegetables
7,8
Fuel oil
35,36
Fuels
4,8,22,23,34-36
Furnaces
34
Furniture
4,8,11-15
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,26
1,35
38
25
19
7,8,22,27,28
11,12
1
1
9,38
Hardware stores
11
Heating equipment
9,34
Hides and skins
8,30
Highways and roads
9,10
Hogs
28
Home electronic equipment
8
Home Loan banks, outstanding advances
10
Home mortgages
10
Hosiery
40
Hotels
24
Hours of work per week
14
Housefurnishings
1,4,8,11,12
Household appliances, radios, and television gets.
4,
8,11,34
Housing starts and permits
10
Imports (see also individual commodities)
1,22,23
Income, personal
2,3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit
12,17,18
Instruments and related products
4-6,13-15
Insurance, life
18,19
Interest and money rates
17
Inventories, manufacturers' and trade
5,6,12
Inventory-sales ratios
5
Iron and steel
4,5-7,9,10,19,22,23,31,32
Labor advertising index, strikes, turnover
16
Labor force
12,13
Lamb and mutton
28
Lard
28
Lead
33
Leather and products
4,8,13-15,30
Life insurance
18,19
Linseed oil
30
Livestock
3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
10,16,17,18,20
Lubricants
35,36
Lumber and products
4,8,10-15,19,31
Machine tools
34
Machinery
4,5-8,13-15,19,22,23,34
Mail order houses, sales.
11
Man-hours, aggregate, and indexes
14
Manmade fibers and manufactures
9,39
Manufacturers* sales (or shipments), inventories,
orders
4-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 13-15
Manufacturing production indexes
3,4
Margarine
29
Meat annuals and meats
3,7,8,22,23,28
Medical and personal care
7
Metals
4-7,9,19,22,23,31-33
Milk
27
Mining and minerals
2-4,9,13-15,19
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates
10,16,17,18
Motor carriers
23,24
Motor vehicles
1,4-7,9,11,19,22,23,40
Motors and generators
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits
24
Newsprint
23,37
New York Stock Exchange, selected data
20,21
Nonferrous metals
4,9,19,22,23,33
Noninstalhnent credit
17
Oats
27
Oil burners
34
Oils and fats
8,22,23,29,30
Orders, new and unfilled, manufactures*
6,7
Ordnance
13-15
Paint and paint materials
Paper and products and pulp
8,25
4H6,
9,13-15,19,23,36,37
Parity ratio
7
Passports issued.
24
Personal consumption expenditures
1
Personal income
2,3
Personal outlays
2
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
Pork
28
Poultry and eggs
3,7,28,29
Prices (see also individual commodities)
7-9
Printing and publishing
4,13-15
Profits, corporate
2,19
Public utilities
2-4,8,9,13,19-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radiators and convectors
34
Radio and television
4,10,11,34
Railroads
2,15,16,19,20,21,24,40
Railways (local) and bus lines
23
Rayon and acetate
39
Real estate
10,17,18
Receipts, U.S. Government
18
Recreation
8
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
5,8,11-15,17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (incl. plastics)
4-6,
9,13-15,23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges.
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1,7,13
28
8,11,12,30
19
30
39
31,32
31
20,21
4-6,8,13-15,19,38
34
23,29
25
24
25
Tea imports
29
Telephone and telegraph carriers
24
Television and radio
4,10,11,34
Textiles and products.... 4-6,8,13-15,19,22,23,38-40
Tin
33
Tires and inner tubes
9,11,12,37
Tobacco and manufactures
4-6,9,11,13-15,30
Tractors
34
Trade (retail and wholesale)
5,11,12
Transit lines, local
23
Transportation
1,2,8,13,23.24
Transportation equipment
4-7,13-15,19,40
TraveK
23,24
Truck traUers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
12,13,16
16-18,20
finance
18
2-4,9,13,19-21,25,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' benefits
Wages and salaries
Washers and driers
Water heaters
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
-
flour
34
11.12
29,30
7,8
16,18
2,3,14,15
34
34
28
8,9
5,7,11,13-15
36
9,39
33
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