Full text of Survey of Current Business : May 1969, Part I
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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) Subscription prices, including weekly statistical supplements, are $9 a year for domestic and $12.75 for foreign mailing. Single issue $1.00. Make checks payable to the Superintendent of Documents and send to U.S. Government Printing Office, Washington, D.C. 20402, or to any U.S. Department of Commerce Field Office. This month's issue of the SURVEY OF CURRENT BUSINESS appears in two parts. Part II is devoted to an analysis of productivity change. Albuquerque, N. Mex. 87101 U.S. Courthouse Ph. 247-0311. Anchorage, Alaska 99501 306 Loussac-Sogn Bldg. 272-6331. Atlanta, Ga. 30303 75 Forsyth St. NW. 526-6000. Baltimore, Md. 21202 305 U.S. Customhouse 962-3560. Birmingham, Ala. 35205 908 S. 20th Si. Ph. 325-3327. Boston, Mass. 02203 JFK Federal Bldg. Buffalo, N.Y. 223-2312. 14203 117 F.llirott St. Ph. 842-3208. Charleston, S.C. 29403 334 Meeting St. Ph. 577-4171. Charleston, W. 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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 \ \ h r k iH t! ide Kf I il tn l( _ . _ Fii i, < e IT siirar ct and re il estate Mi-Cfi 1 ,n< v)U" 1 oui h uaszf Constni' tion u c;f-> 2'ld'it ( I N K ( « M r onli 1 ' OT S M ' i t ' i 111 or d > i/» dn do do do do i\< 1) dr d d* d j do do rio v { u hr d > Kailroad \\ ase s f i\er ire d i s » P <1 1 Spendable \\ eel»l> Famines t *[ Ppendable aveiage^eekh e in, m^ per \\oii er ( \ \ i t n three dependents) m m ituif u t u n n " i n d u - t r u s Current dolhrs Coi'-t int doll irs to >7 "*> d u n PRIVATE SECTOR SERIESff Not Seasonally Adjusted Fx^ludf governme T e T npi( \ee c - * I mp!o\ee° t(»t il n7o n » o n u 1 *ur" i 1 e 1 11 tbotiJ lodiK tioh oi IK i <i} < m or\ v o r l f rio H i s (gioss , av u e e k h T h i 1 | u s ? t l houi^ k ea-on illv adi do Weelslv eirnniL^ (gro'-si, a\ene;e dolUr. Ifourlj e t r r i ngs (cio 0, a\ericr . do r 3. 19 4. 11 2.83 2.72 3.00 2.88 3.17 2.36 2.33 2.82 ' , , j i ! ! i | i ! 2 57 i - 4" ! . ',4 [ 2.7 20): 2 03 2 S7 3 i I \ "v ~" 2 07 ; 2 2* '• 2 8^ : 2 01 2 5v 3 8^7 5 •>>? . j <> j i 3 29-! P l()l 1 Sd ')s r l 111 45 HO 3s 0 101 84 2 6s . 74 > ti-* 2 *t \ t ' 21 2.1 / c' i 4 •> •> 7 > ' _ _M 2 40 ti o 2 1' » 7», 4 2M 5. i"( i. ti 3 42s l«ir, 75 S\ ',|S V »44 4,, ,rj 37 s 107 73 2 s> 8r; 25 2 cfO 2 <> 2 ~i ~ ^ 2 r 2 „ •> ^ < 2 1* ^ 42 1i ( < __ V . -57 3. i ' 2 1 _ t'^ 4 (U 2 88 3 uCO 2 i . 4') 2 70 *> n 2 7r 2 *M 2 If 2 1* 2 "> 3.41 ^ 2' \ 7*1 ^ 2 3 2 2 .^ 37 02 13 71 4 i t 5 70 ' i4 o 37 | I i i 130 1<1'W ir>8 1-1 ^7 f° 94 27 90 64 36 32 j S7 36 f r * ) , K>2 92 40 75 82 01 102 12 1 , 3.30 | 3.32 4. 32 j 4, 29 2.99 1 3.00 2- 87 ! 2. 87 3. 18 ! 3. 18 3.04 ! 3.04 3. 22 ! 3. 23 2. 53 2. 58 2. 46 [ 2. 47 3.00 ! 3.01 3.52 3 15 3 (36 - A 3 C' 3 54 3 15 s 35 2 91 3 ft 2 % 2 97 25) 2 5t 2 " .7-1 2 h » t . t1 1 - 1' "* ( > t . * 1 » •» r ^4 i ^ ^7 J ^ 0 ]i 7» 4 , j I 10". 50 - 10'< - ', Ss 2 • M. li) I Of ,3^ \- 43 I "7. Hi "-M.t i r2) 4r (»i* 37 6 37 8 104 90 2 7^ " 4' 4 v 4 'A A r 7L 37.3 37. 6 104 41 2 80 3 j t5 .)" r 3 S 106 6 ( « o s^ 3,33 4. 38 2.99 2. 86 3. 17 3 03 3,23 2. 60 2.47 3.02 | 1 i 1 ! ! i | j 4»t v ^ ,N i 3 9 lt»*- <> «j w - , OS 62 Qy 60 j i ' 1 S7 33 87 96 124 80 12t. 21 75 36 70 47 104.43 1 105.36 47 91 46 25 3 60 3.22 3 40 2 op, i 74 3 03 . 50 3 60 3 23 3 44 2 9s 3 78 3 03 2 51 > ~M > 2 ^ "M 't '1 >Mi ' . 4 1 f .r < o 79 2 17 2 S1 2 o 2 ' > '<) • 3 rO < 7 1 4 * ' i J P 'Ml * ' ° < < , > ) < -J 4< 0 M« M, Ml M ( 2 1) ' ^H 4 (M 5 »s i i 4 3 4U 4 s< »i , 4 i 0 H 1(J* I'-* I'.'i M s." 4,> M ^' s , 8s i; j ", i 74s ' P o ' . . i^ i 3< '> 3< 9 10,1 "> li t '4 V, j s , 4» MI f Me. " 111 50 117.27 92 78 92 34 81.40 87 123 75 104 3 ^ 3 16 ; * 3f 2 oo ' H 3 o» 24 .-i 12 113 08 6(J 118 37 13 ! 9f 14 ( »S ' 95 OS 3() 81 d ( ( 3.32 4 50 3.06 2.92 3. 25 3.09 3.31 2. 62 2,52 3 06 3.46 4.52 3.08 2.94 3.28 3.12 3.33 2.62 2.53 3.06 3 63 3 2j 3 4e 3 01 38' 3 0* 2 5. 2 „" 311 ? r' '•? ' » 3 (7 2 2 2' 24 30' 2 •>! 2 s] .81 2 (. 2 si .1 > >( 2 2* M ' * '« Mi ^5 ' i > ; 4 312 1 21 2 S? 4 3M f I f 1 43'" 6 IM 1 41 .> j Ids OS JO'! dfi 109.22 88.51 -! s x ». IN )i 71 i 4 1 7 3s i 3s 0 110 s7 2 91 | 152 Ifo 14S ' 124 1 I(v4 125 1 100 134 78 136 7o 139 86 161 88 124 68 86.03 | 3 55 3. 15 ! 3 36 2 <)> M4 2 f" 2 t» 1 1 i I j 1 »-{ 5' 'r l f . r 4 1 J« ()3 141 20 1 )7 16 105 ^2 l N 1,1 134 47 13' Oi 13s fcq 160 98 125 16 86 56 ! -5 4s 2 14 _ 7i t ii s i ! • ! 1 ! i ! ! ! ! Ss 124 75 10* 8* 21 43 21 63 3.38 4. 47 3,05 2.90 3. 23 3.08 3.28 2. 64 2.52 3.06 n i t 4, 2 S* Of 13' 60 4 < 117 3<' 45 i US 60 7S lf»2 49 30 125 46 41 S5 28 56 i 8S 80 82 i 123 22 , 33 77 31 77 | 102 77 ' 3.33 4. 34 3.00 2.88 3. 18 3.05 3.21 2. 58 2.46 3.01 51 J Oi j 88 122 77 102 13^ 13" 136 157 122 85 1 * 3 i - Rev,"f 1 T Pn hn n n ' I (.indt s , i u ITU i t i nt li i buti d ! » i! 1 z p f T u t i v e Apr 1( ',H. d i t K flat mcon.r 1 1\ ^ n o h i r t e nmi tsrd b\ tho K« \ i u' drd Fxpendittne C ontrol \ t t 13 4"i 01 64 22 47 1>4 6ts H > 3s H v 40 122 51 160.19 125 15 100 62 56 80 36 81 02 85 04 do d'> do do do do do 111 115 9? 94 82 67 ^2 6,' Oi 86 97 88 78 % 32 22 91 ; Prm.'irv met il i n d u c t i l e f ubneated n'et \\ pmdiu ts M i ( l n n e i \ , e\t t pt elei tn» il Fleetncal equip and supplies TniT-poit ilion oquipnunt Instrument 1 - and lei \ted pioductMiscellaneous n Tiuf t c t u M i i p r ind <»x 50 -135 05 'H 4 ) '135 54 '13- 41 '104 00 ' 108 2. '10" 84 10, ! j 12b ^s 130 (>0 1 }fi 13s 10') lOd 127 14 J 137 146 122 165 124 100 92 M 136,r 04 13 ) 34 102 56 101.20 1 ^'i 77 8' 6s t)-s fiv 3ft 88 74 "t. *• i 4; l v 3/ 8 37 7 po ,-is 2 <L' ! i ! i 1 i i ! ! 136 90 nr< 65 141 46 159 56 125 82 88.32 135 14 13() 44 140. 19 152.40 124 73 87 46 H(» 8t» J M")l 7 ) 3«» r 123 42 03 !57 3s 07 '!>( 4S 40 '102 5/ ^140 ^121 M57 '12-t 9« r 13r 'H9 '141 '1()4 '123 ' 83. 18 '87 !32 136 ' 139 '161 ••121 62 10 86 3S 30 4r 411 6 5S 00 05 3.49 4.56 3.12 2.99 3.31 3.17 3.35 2.59 2.53 3.06 3.51 4. 54 3. 12 3.00 3.31 '3. 18 '3.38 2.60 '2.54 3.07 3.51 ' 4. 59 3.13 3.00 3.32 3-18 ' 3. 36 '2.66 '2.55 '3.11 3 67 3 26 1 4S 3 04 i s-5 OS 2 js 3.70 3 27 3 50 3.04 3 86 3 W 2.60 3.70 '3 28 3 52 '3 05 '& M ' 3 10 2 61 3 71 ' 3 20 3 53 '3 04 ,i 8 '3 1 •2 (i 2 s> 2 'I 2 •>"* w > 84 2 7 2 '1 > i > l-t ' 1 M 4^ i l 2> •* 72 / 91 r J ( > > 3 r ? f* ! * j ^ 2 » 47 i 02} 1 4't - t . > 61 l r >6 24 2 r 96 102 05 2 _7 1 «' (! 1 47 2 V ' i 01 2 M > >) 1) S' 126 76 106 21 <»6 % «>3 3.33 3.19 3.36 2.66 2. 55 3.13 3 72 3 29 3. 54 3 Or^ 6 S 4 11 2 (1 2 "t r 2 ( » i" 2 ~s _ * 1 •< r t-t •> 3 1* , f1 J < 4 (' «V (t ,•! S ^J 5J r,> t> a li 2 24 2 8S 3 1* 2 2o ' J '4 ' 4 3 '< 6 202 4 4;, 6 _1 2 _ ,< i 2 < ; s ' r, H '/ M 4.4 3 " <•' 3. 55 4.61 3 14 3.02 3 1) i ti 2 J i > 13S 141 I/ 1M s, 4 < V r ' i r 8s V. ' 2 ^ 2s < Vi E21 > i » fc-u 113 OS 110 48 r»1H 15 116.40 l!8 OH I I S 30 '14 15 '95 21 " M4 43 90 80 ' 93 66 M2 92 ' 79 90 ' 83 13 81 6 > 3 48 4.53 3.11 2.97 3.31 3.15 3.37 2.62 2.55 3.07 ) > ^ 2" M4 i f ^ j s in '.'-."it M - H 82 8S 40 ' 88 96 r S" 46 125 29 '126 48 '127 20 76.16 76 39 '76 84 107. 14 '107 % '108 25 _ 5, »» 8( 1} ( ) (< ' ( 4 < ( > L ^-.v- 1 O4 \ 5» 1 110.65 89,45 57, f» i 5- 4^ 4< " 4 ,"k 37 5 •>- 7 37 5 j, ' 1!) ) Ss I K 4' > <H 2 Mi * - < or f > 1 ' u i i » )u < t j i < f i - U ( f V M J »f> » ( t j inion « 4 1 i v s k i M d M ' lOn.78 '107-82 87, fi(i r Sti. 5H 109.S1 87. 43 > 9* .7 ',"( Oi ". 5d " i 2 4< \ » 4«»,« 4 ' 4< l i 37.4 '37 2 ' d< <i 37 7 M7 5 '37 8 110 33 '110 4^ M l ' ()• 2 '»- } • I'din 2 '*/ .' 'S ) (is < 4 37 11 r ,, s H ' (| ' ' 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 UNITED STATES GOVERNMENT PRINTING OFFICE D I V I S I O N OF PUBLIC WASHINGTON, D.C. 20402 OFFICIAL BUSINESS What's being in the marketing field? 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