Full text of Survey of Current Business : November 1956
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NOVEMBER
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1956
SURVEY
OF
C U R R E N T BUSINESS
No. 11
NOVEMBER 1956
PAGE
THE BUSINESS SITUATION
1
Further Advance in National Income and
Product—A Review of the Third Quarter...
2
Construction *
6
>
*
*
*
Albuquerque, N. Mex.
321 Post Office Bldg.
Memphis 3, Tenn.
22 North Front St.
Atlanta 3, Ga.
66 Luckie St. IN W.
Miami 32, Fla.
300 NE. First Aye.
Boston 9, Maes.
IT. S. Post Office and
Courthouse Bldg.
Minneapolis 2, Minn.
2d Ave. South and
3d St.
Buffalo 3, N. Y.
llTEllicottSt.
New Orleans 12, La.
333 St. Charles Are.
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
New York 17, N. Y.
110 E. 45th St.
Cheyenne, Wyo.
307 Federal Office Bldg.
Philadelphia 7, Pa.
1015 Chestnut St.
Chicago 6, III.
226 W. Jackson Blvd.
Phoenix, Ariz.
137 N. Second Ave.
Cincinnati 2, Ohio
442 U. S. Post Office
and Courthouse
Pittsburgh 22, Pa.
107 Sixth Si.
Cleveland 14, Ohio
1100 Chester Ave.
SPECIAL ARTICLE
Manufacturing Investment Since 1929 in Relation to Employment, Output, and Income.
8
Investment and Capital Assets,
.. 9
Capital, Labor, and Production
, . 15
Distribution of Manufacturing Income . . . 18
*
*
*
MONTHLY BUSINESS STATISTICS
S~~l to S-40
Statistical I n d e x . . . . . . . . . . . . . . . I n s i d e back cover
Published by the U. S. Department of Commerce, S I N C L A I R W E E K S ,
Secretary. Office of Business Economics, M. J O S E P H ME EH AN,
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D E P A R T M E N T OF COMMERCE
FIELD SERVICE
Portland 4, Oreg.
520 SW. Morrison Si.
Dili las 2, Tex.
1114 Commerce St.
Reno, Nev.
1479 Wells Ave.
Denver 2, Colo.
142 New Customhouse
Richmond 19, Va.
1103 East Main St.
Detroit 26, Mich.
438 Federal Bldg.
St. Louis 1, Mo.
1114 Market St.
Houston 2, Tex.
430 Laruar Aye.
Salt Lake City 1, Utah
222 SW. Temple St.
Jacksonville 1, Fla.
311 W. Monroe St.
San Francisco 11, Calif.
555 Battery St.
Kansas City 6, Mo.
911 Walnut St.
Savannah, Ga.
125-29 Bull St.
Los Angeles 15, Calif.
1031 S. Broadway
Seattle 4, Wash.
909 First Ave.
For local telephone listing, consult section
devoted to U. S. Government
NOVEMBER 1956
By the Office of Business Economics
E<
Business Trend Upward
The value of national output continued
to rise in the third quarter . . .
BILLIONS OF D O L L A R S
GROSS NATIONAL
PRODUCT
\
as automotive production and residential
construction held even . . .
AUTO PURCHASES PLUS CHANGE IN INVENTORIES
RESIDENTIAL CONSTRUCTION
(NONFARM)
I
and purchases of other products
rose substantially . . .
more than offsetting a decline in nonauto
inventory accumulation
QUARTERLY TOTALS, SEASONALLY A D J U S T E D , A T A N N U A L R A T E S
404787°—56
1
jCONOMIC developments so far in the fourth quarter
reflect an extension of the basic demand pattern prevailing
in the earlier months of the year. Rising income continues
to provide the basis for the record volume of consumer spending, and expanding investment programs of business remain a
fundamental factor in this and the general strength of
business. Some industries, particularly in the metalworking
group, have advanced to a point reflecting normal capacity
operations.
Employment in nonagricultural establishments set a new
seasonally adjusted high of 51.8 million in October. The
increase in employment from September in the transportation
equipment industry, which occurred mostly in the automobile
segment, accounted for one-half of the rise of 140,000 in
factory production workers. Changes in employment in
most other industries were small and mixed. The modest
relative expansion in retail trade employment was on a par
with the small advance in seasonally adjusted retail sales
from September to October. The rise occurred largely in
sales of automotive dealers which somewhat more than
offset declines in most other major kinds of businesses.
Reflecting strong demand pressures upon the metalreducing and fabricating industries, industrial production
as been moving ahead since mid-summer. With the shift
to the new 1957 model cars now largely completed, the
automobile industry has reversed its declining pattern
characteristic of the earlier part of the year as discussed in
the review of national income and product in a following
section. Assemblies of passenger cars and trucks have been
climbing steadily from an average of a little over 50,000 units
per week in the last half of September to 160,000 units
in the second week of November. October completions of
close to one-half million cars and trucks almost doubled the
September outturn; projected production schedules for
November and December call for enlarging output.
Demand for steel has kept the Nation's steel mills operating at 100 percent or better of rated capacity since midSeptember. October output exceeded 11 million tons
of steel ingots and castings, the most for any month on
record; operations have continued at about the same high
rate in early November.
An indicator of the importance of military and capital
goods business is the continued rise in unfilled orders held
by manufacturers. During the third quarter, manufacturers'
backlogs expanded 6 percent, and at the end of September
their total value of $62 billion was nearly $10 billion above
the amount held a year before.
Partly in preparation to fill these orders and partly because
of the effects of the steel strike in July, manufacturers' inventories advanced in September, seasonally adjusted, at
a rate equal to the monthly average of the first 6 months of
the year. Durable goods industries accounted for the entire
rise, with most of the advance concentrated in goods-inprocess stocks.
S
SURVEY OF CURRENT BUSINESS
Slow advances in costs, in the setting of high-level demands, continue to exert upward pressures on industrial
prices. A further advance in average hourly earnings of
factory workers to $2.02 per hour contributed to a new high
in average weekly earnings of $82 in October, $3.51 more
than a year ago. Prices of commodities other than farm
November 1956
products and foods in wholesale markets continued to advance from September to October at the pace of earlier
months bringing the average in October to nearly 4 percent
above a year ago. Price increases over September were
largely concentrated in finished goods.
Further Advance in National Income and Product
A Review of the Third Quarter
TOTAL economic activity continued high in the third quarter,
with the value of the gross national product advancing to a
seasonally adjusted annual rate of $414 billion. This figure
represented a gain of $5% billion from the second quarter
rate and $10K billion from the first quarter, with higher prices
being an important factor in the increase. On the income
side, the major advance has been in the compensation of employees. While adequate data on corporate profits are not
available to complete the national income estimates, such
preliminary facts as are at hand suggest an extension of the
profits decline in process during the first half of the year.
Third quarter earnings were adversely affected by the lowered profits of auto and steel companies.
The maintenance of a peak volume of real output has
persisted this year despite a variety of shifts, forming no
general pattern, in the composition of demand. Thus the
automotive and residential construction segments were
notable exceptions to the broad advance in spending earlier
in the year; the decline in these two important industries has
more recently been checked. Uptrends continued after midyear in other major groups of final purchases, and notable
decreases occurred only in the rate of inventory building.
The growth of investment in business inventories, which had
generally characterized the first and second quarters except
in the auto industry, continued in the third, but at a slower
pace.
The limited but widespread advance in price and market
value of final purchases from the second quarter to the
third was reflected in payrolls and other personal income
flows, which in total moved up to a seasonally adjusted rate
of $327 billion. The third quarter rise of $4 billion compared
with increases of $5% billion in the second quarter and $3
billion in the first.
The trend of payrolls continued upward in most nonmanufacturing industries after midyear, and manufacturing
showed a fractional advance despite a dip in metals groups
in which employment was particularly affected by the steel
strike. The gains which occurred stemmed in most cases
primarily from pay rate advances, with higher employment
also an important contributing factor in certain industries.
Final demand rise broadens
Total final purchases—gross national product excluding
change in inventories—were $7 billion higher than in the
second quarter, which had been $5% billion above the first at
annual rates. The moderate acceleration is traceable largely
to a firming tendency in major components which had drifted
downward earlier in the year.
Consumer expenditure for motor vehicles and parts, which
had been down $1% billion at annual rates in the second
quarter, was virtually unchanged in the third on a seasonally
adjusted basis. Federal Government purchases, which had
decreased somewhat in the winter and spring, also rose in
the July-September period.
New Fixed Private Investment
BILLIONS
OF DOLLARS
80 —
RESIDENTIAL CONSTRUCTION
(NONFARM)
1955
I
QUARTERLY TOTALS, SEASONALLY ADJUSTED,
U. S. Department of Commerce, Office of Business Economics
1956
AT ANNUAL RATES
56 -40
~2
Tending to offset the firming in these areas was an apparent tapering in the recent uptrends of nonresidential
construction and consumer durables other than automotive.
Our export trade continues as a strong market factor.
Its full importance is not apparent from the gross national
product statement in which the external exchange of goods
and services is carried on a net basis.
November 1956
SURVEY OF CUERENT BUSINESS
Uptrend in business fixed investment
Business fixed investment continued to rise in the third
quarter. Demand from durable goods manufacturers accounted for the largest single share—roundly two-fifths—
of a $2 billion increase in the annual rate of outlay for producers' durable equipment and new construction other than
residential. Public utility investment, which had shown
compartively little acceleration during the early part of
1956, also contributed substantially to the rise after midyear, and increases were general among the other broad
industry groups for which data are available.
The total of such new fixed investment through September
was up one-sixth from the same period of 1955. With the
flow of funds from internal sources (depreciation and retained
earnings) not much higher than last year (see last month's
SURVEY), this expansion of investment has been accompanied by heavier drafts on the capital markets, where
competition for long-term funds has stiffened considerably.
Projected outlays for plant and equipment indicate a further
increase in capital expenditures in the final quarter of this
year.
The second- to third-quarter rise was concentrated in
outlays for producers' durable equipment, which are estimated to have reached a seasonally adjusted annual rate of
$29X billion. The indicated increase of 7 percent was the
sharpest since the autumn of 1955, the intervening quarterly
advances having been on the order of 2-4 percent. The
acceleration came as the downdrift in business purchases of
motor vehicles was checked (allowing roughly for seasonal
factors) after having partly offset the continued growth in
other components during several preceding quarters. Available data on total production and sales of some of these
other components suggest that demand has been higher
since midyear for machinery and machine tools, in particular.
The estimate for the third quarter is based in large part
on investment plans reported around the time the steel strike
was settled, and these plans may have required some modification in August and September for unforeseen supply and
price aftereffects of the strike. The production and sales
data available support the conclusion, however, that producers' durable equipment outlays in the third quarter
reflected a significant advance both in spending and in the
volume of real investment.
Private construction—other than nonfarm residential—
was little changed from the $18 billion annual rate attained
in the second quarter of this year. Residential construction
activity held about level. From a peak annual rate above
$17 billion in the autumn of 1955, the seasonally adjusted
value of residential construction put in place had shown a
billion-dollar drop to the fourth quarter and a further decline,
almost as large, to the first.
Inventory investment slows
During the first half of 1956, growth in nonfarm business
inventories absorbed a share of the national output amounting to around $4 billion at annual rates. In the third quarter
such investment dropped to about $2^ billion. Reductions
from the second quarter rate were rather widely distributed
among manufacturing and retail lines, reflecting a slowing of
accumulation in some cases and a net liquidation in others.
In manufacturing the effects of the steel strike, which were
conspicuous in July and August, were to some extent offset
for the quarter as a whole by a sharp buildup in the affected
industries during September. A considerable number of
other manufacturing groups also contributed to the third
quarter slackening in the growth of inventories. Book value
increases in durable goods industries such as stone, clay and
glass, lumber and furniture, and primary nonferrous metals
slowed or gave place to liquidation on a minor scale after
midyear. In nondurables manufacturing, inventory-building
receded from its second quarter rate, but continued above
that of the first quarter.
A major offset to the slowing of inventory accumulation in
manufacturing after midyear stemmed from the motor vehicles industry. Automakers' stocks, which had declined
substantially in the second quarter, showed a third quarter
change not much different from that usual for this period of
preparation for the shift to new model production and sales.
Consumer Spending and Prices
Recent expenditure changes have been
in line with price movements
INDEX, 3rd qtr. 1956 = 100
no
105
CONSUMER PRICES *
100
95
PERSONA^ CONSUMPTION
EXPENDITURES
(SEAS. ADJ.)
90
85
1955
1956
* BLS index shifted to third quarter 195.6 as IOO
U. S. Department of Commerce, Office of Business Economics
56-40-3
The change in retail inventories after midyear reflected
liquidation in auto dealers' stocks and in a number of other
durable goods lines, the latter being approximately offset in
terms of book value by further accumulation in stocks of
nondurables. By comparison with the second quarter
experience, auto inventory liquidation was on a considerably
smaller scale. The drawing down of stocks in other durable
goods lines followed a period of relative stability in book
values earlier in the year. The value of nondurable goods
holdings, which had risen in the second quarter, showed a
further though much more limited advance. Wholesalers'
stocks, which have expanded this year in line with sales, also
increased moderately.
Consumer outlay and disposable income
Personal consumption expenditures rose $3 billion at
annual rates to approach $267 billion in the third quarter.
Nondurable goods purchases and outlays for services contributed about equally to the rise, while the further decline
in sales of durables was slight.
The food and beverage component accounted for more than
half the rise in nondurables, though larger percentage gains
were recorded for certain other groups. Among the services,
nearly all the major types advanced. Among the durables,
purchases of furniture and household equipment dipped
fractionally for the first time since late 1953.
SUEVEY OF 'CURRENT BUSINESS
November 1956
Table 1.—National Income and Product, 1954, 1955, and First Three Quarters 1956
[Billions of dollars]
Unadjusted
1954
1955
Seasonally adjusted at annual rates
1956
I
II
1954
III
1955
1956
I
II
III
IV
I
II
III
IV
I
II
295.8
296.7
297.6
303.1
311.3
321.9
328.3
334.4
334.9
338.7
209.7
233.0
III
NATIONAL INCOME BY DISTRIBUTIVE SHARES
National income
•
,
.
•
298.3
324.0
82.9
84.9
206.9
223.2
67.7
59.1
60.2
205.2
205.9
206.6
195.5
' 161.2
10.0
24. .4
11.4
210.4
174.5
9.8
26.1
12.8
54.1
44.7
2.4
7.0
3.6
55.5
46.1
2.4
7.0
3.6
56.8
47.8
2.4
6.6
3.5
194.0
160.1
10.1
23.8
11.2
194.7
160.5
10.0
24.2
11.3
195.2
160.7
9.9
24.6
11.4
48.9
49.1
12.4
12.5
12.7
49.6
48.6
25.9
12.5
10.5
27.3
11.7
10.1
7.0
2.9
2.4
7.2
2.8
2.4
7.4
2.9
2.4
25.3
13.9
10.4
32.9
40.9
10.0
10.4
31.7
33.2
16.8
16.4
-.3
42.7
21.5
21.1
-1.7
10.8
5.4
5.3
-.8
11.1
5.6
5.5
-.7
-.3
31.9
16.1
15.8
-.2
9.7
10.8
2.9
2.9
3.0
32.2
33.9
9.0
9.0
360.7
390.9
98.4
236.5
254.0
62.5
29.4
120.9
86.3
35.7
126.2
92.1
48.0
27.9
13.5
14.4
22.4
-2.3
-2.7
Compensation of employees
Wages and salaries
•
Private
L
'.._'
Military
Government civilian
_
__
„ ._
Supplements to wages and salaries
._.!
Proprietors' and rental income *
Business and professional
Farm
Rental income of persons
_ _:
'Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
_
iNet interest
_
_
Addendum: Compensation of general government employees. ..
213.9
221.6
226.8
230.3
237.2
240.4
198.1
163.3
9.8
24.9
11.6
201.6
166.7
9.7
25.3
12.2
209.0
172.9
10.0
26.1
12.6
213.6
177.5
9.8
26.4
13.2
217.0
180.5
9.7
26.8
13.3
219.4
182.5
9.6
27.3
13.6
223.5
186.2
9.5
27.8
13.8
226.2
188.3
9.5
28.5
14.2
48.7
48.6
48.6
49.5
49.0
49.3
49.5
49.9
50.7
25.9
12.1
10.6
26.0
12.1
10.6
26.2
11.8
10.5
26.5
11.8
10.3
27.1
12.2
10.2
27.7
11.3
10.0
28.0
11.4
9.8
28.2
11.5
9.8
28.9
11.3
9.7
29.5
11.6
9.7
32.7
32.5
34.7
38.5
40.2
41.6
43.4
40.9
39.8
32.9
16.6
16.3
-.2
32.8
16.6
16.2
-.3
35.2
17.8
17.4
—.6
39.7
20.0
19.7
-1.2
41.1
20.7
20.3
-.9
43.5
22.0
21.5
-1.9
46.4
23.4
23.0
-3.0
43.7
22.1
21.6
-2.8
42.9
21.7
21.3
-3.1
9.3
9.5
9.8
10.1
10.4
10.6
11.0
11.3
11.5
11.7
12.0
8.5
31.7
32.1
32.5
32.7
32.9
33.9
34.3
34.6
35.0
35.5
36.3
100.9
102.6
357.6
358.5
359.4
367.1
377.3
387.4
396.8
401.9
403.4
408.3
413.8
65.5
65.3
232.2
235.0
237.8
241.1
246.7
251.8
257.8
259.5
261.7
263.7
266.8
7.8
30.4
24.3
8.5
32.2
24.7
7.9
32.6
24.8
28.5
119.2
84.5
29.2
120.3
85.5
29.4
121.5
86.9
30.4
122.5
88.3
34.7
122.5
89.5
35.3
125.3
91.2
37.2
127.6
92.9
35.4
129.2
94.9
34.8
130.5
96.4
33.4
132.3
98.0
33.0
134.0
99.7
60.6
17.0
'15.2
17.1
45.8
48.2
46.7
51.5
54.7
60.2
62.3
65.1
63.1
'64.7
65.1
32.7
16.6
16.1
7.1
3.2
3.9
6.5
3.5
3.5
'8.4
'4.0
4.4
7.3
-.5
-.4
9.2
4.3
4.9
7.2
.6
.7
25.9
11.8
14.1
22.9
-3.1
-3.3
27.3
13.0
14.3
22.6
-1.7
-2.2
28.7
14.2
14.4
22.5
-4.5
-5.1
'29.5
15.0
14.5
21.7
.2
-.3
31.5
16.1
15.3
21.3
1.9
1.4
32.9
16.9
16.0
22.4
4.9
4.5
33.5
17.2
16.4
25.0
3.7
3.4
33.0
16.2
16.8
25.9
6.1
5.9
32.6 '33.6
15.3 '15.6
17.3
18.0
26.4
27.5
4.1
3.5
3.9
4.2
33.6
15.5
18.1
29.5
2.0
2.4
-.8
• GROSS NATIONAL PRODUCT OR EXPENDITURE
Gross national product
__
Personal consumption expenditures
_ _
Durable goods _ .
Nondurable goods
Services
1__ __
iGross private domestic investment 1
'
'
1
!
New construction
_
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories, total
Nonfarm only
_ ._
.
^Net foreign investment
-.4
11
.0
.3
.0
-.2
-.7
.3
-.4
-.9
.2
-.8
.1
'1.2
1.7
Government purchases of goods and services
76.5
76.8
19.0
19.9
20.3
80.8
75.5
75.6
74.2
76.3
76.2
76.5
78.1
78.5
78.7
80.2
48.9
43.0
41.1
1.9
6.3
.4
27.6
46.7
41.2
39.1
2.2
5.9
.4
30.1
11.6
10.1
9.6
.5
1.6
.1
7.4
11.5
10.2
9.7
.5
1.5
.1
8.4
11.8
10.5
10.0
.5
1.4
.1
8.5
54.0
46.5
44.7
19
7.8
.4
26.8
48.2
43.2
41.6
16
5.4
4
27.3
47.7
42.0
40.2
1.9
6.0
.4
28.0
45.7
40.1
38.0
2.1
5.9
.3
28.5
46.8
41.8
39.2
2 6
5.4
4
29.5
46.3
41.3
39.1
2 2
5.5
.4
29.9
46.6
41.3
39.4
1.9
5.8
.4
29.9
47.2
40.6
38.7
1.9
7.1
.5
30.9
46.4
40.5
38.6
1.9
6.3
.4
32.1
46.1
40.7
38.7
2.0
5.8
.4
32.6
47.2
41.9
39.9
2.0
5.7
.4
33.0
287.3
306. 1
78.3
80.2
81.8
284.9
285.6
286.9
291.4
295.1
303.8
309.6
314.6
317.5
322.9
327.0
32.9
29.1
3.8
35.5
31.3
4.2
10.2
9.0
1.2
10.4
9.1
1.3
9.6
8.5
1.0
32.7
29.0
3.7
32.8
29.0
3.8
33.0
29.1
3.8
33.3
29.4
3.9
34.5
30.4
4.1
35.3
31.2
4.1
35.9
31.7
4.2
36.3
32.0
4.3
37.3
32.9
4.4
38.1
33.6
4.4
38.8
34.1
4.6
Equals: Disposable personal income
254.4
270.6
68.1
69.9
72.2
252.3
252.8
254.0
258.0
260.6
268.5
273.8
278.4
280.2
284.9
288.2
Less: Personal consumption eppenditures
236.5
254.0
62.5
65.5
65.3
232.2
235.0
237.8
241.1
246.7
251.8
257.8
259.5
261.7
263.7
266.8
17.9
16.6
5.6
4.4
7.0
20.1
17.8
16.2
16.9
13.9
16.7
15.9
18.8
18.6
21.2
21.4
360.7
390.9
98.4
100.9
102.6
357.6
358.5
359.4
367.1
377.3
387.4
396.8
401.9
403.4
408.3
413.8
28.8
30.2
1.4
1.8
31.3
32.5
8.2
8.2
8.4
8.5
8.6
8.8
28.0
30.0
28.5
30.1
29.0
29.9
29.6
30.6
30.3
31.4
31.1
32.4
31.7
32.8
32.2
33.4
32.9
33.7
33.6
34.1
34.4
35.1
1.9
20
1.4
2.1
30
1.2
2.7
.6
1.1
1.1
-.2
.3
.2
.2
.2
-.5
.2
-.2
-.4
.2
.7
.1
.2
.7
.7
298.3
324.6
82.9
84.9
295.8
296.7
297.6
303.1
311.3
321.9
328.3
334.4
334.9
338.7
32 9
9.7
.0
40.9
11.1
.0
10.0
3.4
.0
10.4
3.4
.0
2.9
.0
31.7
9.6
.0
32.7
9.7
.0
32.5
9.7
.0
34.7
9.8
.0
38.5
10.6
.1
40.2
10.9
.5
41.6
11.3
-.6
43.4
11.4
.0
40.9
12.1
.0
39.8
12.3
.0
12.7
.0
15.0
5.2
10.0
1.4
16.1
5.2
11.2
1.4
4.3
1.2
2.9
.4
4.4
1.6
2.8
.4
4.2
1.4
2.8
.4
14.3
5.1
9.7
1.4
14.8
5.2
9.9
1.4
15.0
5.2
10.0
1.4
15.8
5.2
10.3
1.4
15.9
5.2
10.4
1.4
16.2
5.2
10.7
1.4
16.0
5.2
11.0
1.4
16.3
5.3
12.1
1.4
16.9
5.4
11.8
1.4
17.3
5.5
12.2
1.4
17.2
5.6
12.3
1.4
287.3
306.1
78.3
80.2
81.8
284.9
285.6
286.9
291.4
295.1
303.8
309.6
314.6
317.5
322.9
327.0
Federal
National security
National defense
Other national security _
Other
Less: Government sales
State and local
_
__
_
__.
r
-1.1
DISPOSITION OF PERSONAL INCOME
Personal income
Less: Personal tax and nontax payments
Federal
State and local
-
Equals : Personal saving
RELATION OF GROSS NATIONAL PRODUCT,
NATIONAL INCOME, AND PERSONAL INCOME
Gross national product
Less' Capital consumption allowances
Indirect business tax and nontax liability
Statistical discrepancy
Plus: Subsidies less current surplus of government enterprises
Equals * National income
Less* Corporate profits and inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements
Plus' Government transfer payments
Net interest paid by government
Dividends
Business transfer payments
Equals* Personal income
r Revised.
--
- -
1.8
1. Includes noncorporate inventory valuation adjustment.
-1.0
-1.1
Source: U. S. Department of Commerce, Office of Business Economics.
.9
November 1956
SURVEY OF CURRENT BUSINESS
The overall third quarter gain of a little more than 1 percent in personal consumption expenditures, like the rise of
slightly under 1 percent registered from the first quarter to
the second, approximately paralleled the change in consumer
prices, suggesting no pronounced change in aggregate volume.
(See chart.)
The summer rise in total consumer spending about matched
that estimated for disposable personal income. The movements of these broad aggregates thus imply no significant
change in the rate of personal saving following the minor
advance indicated for the second quarter, when the income
expansion had been a little more pronounced than in the
third. For technical reasons, not much weight can be
attached to such quarterly variations in the saving estimates.
It may be noted, however, that the indicated stabilization
in the rate of saving following a rise in the first half is consistent with the inverse movement of durable goods purchases
over this period, as well as with the apparent slackening in
the growth of real income.
pansion of manufacturing payrolls this year has been associated with relative stability in manufacturing employment
and fractional declines from quarter to quarter in average
hours worked. The slight downdrift in total man-hours in
manufacturing has contrasted with an apparent advance,
in man-hours for nonmanufacturing industry, where gains in
employment have tended to outweigh the reductions reported
in the length of the workweek.
Consumer Income and Outlay
Income and consumer expenditures have risen
further this year
BILLIONS OF DOLLARS
340
PERSONAL
INCOME
320
Other markets expand
Total government purchases of goods and services were up
1% billion in the third quarter, to a seasonally adjusted
annual rate of slightly more than $80 billion. Government
purchases had held about level in the first and second
quarters.
Of the rise after midyear, about two-thirds reflected an
increase in the Federal component as defense outlays advanced to a rate approaching $40 billion. This advance
seems to have stemmed from an irregularity in the time
phasing of expenditures rather than from a change in trend.
300
DISPOSABLE
PERSONAL INCOME
280
260
National income shares
The total of earnings from current production, which had
moved up nearly $4 billion at annual rates in the second
quarter as a dip in corporate profits was more than offset
by payroll gains, seems to have expanded further after midyear. Third quarter profits data are not yet available, but
are likely to show the adverse effects of the steel strike; moreover, there is no indication that the pressure on profit ratios
this year which was noted in last month's SURVEY has
eased. The seasonally adjusted annual rate of private payroll disbursements was up $2 billion to a total of $188% billion in the third quarter, however, and increases totaling
over $500 million were reported for public—chiefly State and
local—payrolls. Net income of business and farm proprietors
and independent professional practitioners was nearly $1
billion above the second quarter, and net interest continued
its gradual expansion.
The third quarter advance in private payroll disbursements was less than the rise recorded for this component of
income in the second quarter. A large part of the difference
is traceable to two special circumstances—the effect of the
amended minimum wage law in the spring, and the impact
of the steel strike in the summer quarter.
Manufacturing payrolls
Although manufacturing provides nearly three-sevenths of
all private industry wages and salaries, it contributed only
two-sevenths of the increase from the first quarter to the
second and only one-seventh of the third quarter advance
this year. The latest reduction in this percentage stemmed
from the sharp dip in wage disbursements reported for primary metals manufacturing in July.
With average hourly earnings rising in manufacturing and
nonmanufacturing divisions alike, the generally limited ex
PERSONAL CONSUMPTION
EXPENDITURES
240
220 VV1955
1956
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT A N N U A L RAJES
U. S. Department of Commerce, Office of Business Economics
56-40-4
;
Underlying the stability in manufacturing employment has
been an apparent uptrend in the number of salaried employees offset by an opposite tendency in the case of production workers. Major factors reducing production Worker
employment in manufacturing since the turn of the year
have been the decline in auto production and, more recently,
distortion resulting from the steel strike. In manufacturing
grojups other than motor vehicles and primary metals,
production worker employment for the third quarter1 at an
average of 11.4 million was virtually the same as for the
thrpe preceding quarters. Limited declines in most i of the
nondurables and in several of the durables lines have been
approximately offset during the year by gains in other groups.
The pattern of shorter hours and higher hourly wages has
been widespread among manufacturing industries. The
average workweek for all production workers in manufacturing declined 1 percent in the first quarter and about % percent
in the second, dipping only slightly further in the third as
an upturn developed in August and September.
Average hourly earnings of production workers in manufacturing were up a little less than 1 percent in the third
quarter. This advance was about equal to that recorded for
the first quarter, and around half as much as had been indicated for the second. Like those which had preceded it,
the rise after midyear reflected fractional gains in a large
majority of the component industry groups.
SURVEY OF CURRENT BUSINESS
Comprehensive data from which to analyze the payroll advance in nonmanufacturing industry in these terms are not
available. The overall increase from the second quarter to
the third amounted at annual rates to a little over $1%
billion. This compares with gains approaching $2 billion in
the first quarter and $3 billion in the second. A dip occurred in mining and transportation, where it appears to
have been associated in part with the strike in steel. The
November 1956
overall third quarter increase in other nonmanufacturing
divisions was smaller than in the second quarter but larger
than in the first. In all of these divisions both expanded
employment and higher weekly earnings have contributed
to the payroll gains, with the pay rates a primary factor in
most cases and increasing in relative importance as the
months passed.
Construction
CONSTRUCTION activity continues to move about in line
with seasonal changes. In October the seasonally adjusted
annual rate of total new construction of nearly $44 billion
was a little off from September as a decrease in residential
building slightly more than offset a rise in public construction, but was 2 percent above that of a year ago. The rise in
public construction, seasonally adjusted, from September
was ascribable chiefly to enhanced activity in the construction of highways, sewer and water projects and military
facilities.
New Homes Financed by VA Loans
THOUSANDS
125
TOTAL
100
$15,000 AND OVER
75
50
constant dollar value of all construction other than residential was 4 percent larger for the 1956 period than in 1955.
Readjustment in housing market
The number of new private nonfarm dwelling units started
has been declining gradually since early 1955, a year in
which over 1.3 million got underway. From February
through August of this year, starts fluctuated around a 1.1
million annual rate, but receded in September to a 1.0
million annual rate. Building permits issued indicate that
the decline was widespread geographically but was especially
sharp on the West Coast. Preliminary October data indicate a slightly higher number of starts.
In the readjustment the housing market has been undergoing this year, not only has the number of new nonfarm
dwellings started declined—off 17 percent in the JanuarySeptember period as compared with last year—but sales of
existing houses have also dropped. Lower activity in the
market for existing houses is indicated, for the JanuarySeptember period this year as compared with last year, by
a 19 percent decline in the number of existing dwelling units
insured by FHA and a 22 percent decline in the number of
existing home sales financed by primary VA loans; it is very
unlikely that the lower sales trend of existing dwellings
financed by Government agencies was offset by an increase
in sales financed by conventional mortgages. The total
number of nonfarm mortgage recordings of $20,000 or less
was also appreciably smaller in the January-July period
this year than last.
Home buyers trading up
25
1953
1954
1955
1956
QUARTERLY TOTALS
Data: VA
U. S. Department of Commerce, Office of Business Economics
56-40-5
For the 10 months ending with October, expenditures for
new construction were 3 percent more than in the corresponding period of 1955. Since construction costs have been
rising steadily, however, construction in terms of constant
dollars has been running a little below last year. The constant dollar aggregate for January-September 1956 has
dropped about 2 percent behind the 1955 period. Virtually
the entire contraction was in residential building as the
The housing market in late summer 1956 was rather
different from that of a year earlier as judged by that segment
of the market financed with the aid of Government insurance
or guaranty. From a comparison of transactions in September of 1955 and 1956, it is evident not only that the number
of purchases was about one-fifth smaller, but also that the
required downpayments are on the average larger percentages, and loans on the average smaller percentages, of the
purchase price and that the average maturities are somewhat
shorter (see table). The higher average downpayment in
1956 on VA financed homes was entirely ascribable to the
sharp reduction in the proportion of 100 percent loans from
1955.
As activity has declined, the average purchase price of
dwelling units sold with the assistance of Government
guaranty or insurance has advanced, but the average price
of new or proposed homes has increased more during the
last year than that of existing homes. The average purchase
price of new homes financed by VA loans in September 1956
SUEVEY OF CUKKENT BUSINESS
November 1956
was $13,654 or 9 percent higher than in Septenber 1955 while
the average for existing homes was $12,205 which was 5
percent above the year-ago figure.
In the case of mortgages insured by FHA, the average
mortgage in September 1956 was $10,841 for new homes, up
9 percent from September 1955 while for existing homes, it
was $10,044 an increase of 3 percent from 1955. These
average values are influenced by changes in the composition
of the dwellings sold as well as by supply and demand
factors operating to bring about changes in the price of
homogeneous units. Nevertheless the lag in the average
value of existing dwellings sold relative to that of new
dwellings was a factor in retarding new house sales since
many will not buy a new house unless their present one is
sold on relatively favorable terms.
Table 2.—Analysis of Primary Home Loans Closed by the Veterans
Administration September 1955 and September 1956 J
September 1955
September 1956
Loan
Loan
Per- Average amount
Per- Average amount
Num- cent
puras a Num- cent
puras a
ber of
of
chase percent ber of
of
chase percent
loans total price of pur- loans total price of purchase
chase
price
price
Loans for new and
proposed homes
31,775 100.0 $12,561
Maturities:
25 years and under
26 years and over
11, 271
20,504
35.5
64.5
Down payment status:
100 percent loans
Down payment loans
17, 265
14, 510
54.3
45.7
Purchase price distribution:
26, 746
Under $1 5,000
$15 000 and over
5,029
84.2
15.8
Loans for
homes
existing
Maturities:
25 years and under
26 years and over
20,748 100.0
94.8 25,427 100.0 $13,654
92.5
12, 451
12, 621
92.1 10, 947
96.2 14, 480
43.1
56.9
13, 726
13, 598
89.7
94.7
11,511
13, 809
100.0 6,018
89.4 19, 409
23.7
76.3
12, 638
13, 968
100.0
90.4
97.0 18, 548
87.9 6,879
72.9
27.1
95.1
88.2
11,571
87.9 17, 649 100.0
12,205
86.2
18, 085
_ 2,663
87.2
12.8
11,371
12, 931
87.0 15, 674
91.5 1,975
88.8
11.2
11,991
13, 908
85.6
89.3
3,883
16, 865
18.7
81.3
9,578
12, 030
100.0
179
85.7 17, 470
1.0
99.0
9, 532
12, 233
100.0
86.1
Purchase price distribution:
Under $15,000
17, 201
$15,000 and over
3,547
82.9
17.1
90.8 13, 782
81.6 3, 867
78.1
21.9
Down payment status:
100 percent loans
Down payment loans
89.5
80.9
1. Months ending on 25th day.
Source: Veterans Administration, Department of Veterans Benefit.
The rise in the average home value was attributable to
relatively fewer sales of houses under $15,000 and relatively
more sales of houses priced above $15,000. In the case of
new dwellings, the number as well as the proportion of units
priced at $15,000 or more increased in 1956; sales of existing
homes increased in number only for those priced at $20,000
or more. These shifts are, of course, influenced by the fact
of generally higher prices which resulted in a movement of
top units into the next class above.
the supply of dwellings has grown somewhat faster than
households is provided by Census Bureau reports showing
that between 1950 and 1956 the percentage of habitable
units vacant and available for rent or sale has increased from
1.6 to 2.6 percent of the total. The entire increase in
vacancies was in rental units; there was no change in the
percentage of vacant sales units.
Current vacancy rates relatively low
Vacant dwelling units available for rent or sale constituted
a slight but hardly significantly larger percentage of all
dwellings in the second quarter of this year than in the comparable period of 1955. The most recent rate, about 2%
percent, is still relatively low but the percentage of vacant
rental units is substantially higher than that of vacant sale
units.
Another result stemming from the high rate of construction
of new nonfarm dwellings in recent years compared with the
slower increase of nonfarm households has been the diminution of crowding. Doubled-up married couplies and other
secondary occupants of households, as indicated in table 3,
have moved into their own dwelling units and the total number of secondary occupants has declined. The decline in
crowding since 1947 has been especially marked.
Mortgage funds continue to flow into the real estate market
in unusually heavy volume although at a rate somewhat below that prevailing in 1955. The expansion of mortgage debt
during the January-September period this year appears on
the basis of partial data to have been about $10 billion, 9
percent below the 1955 expansion. Private nonfarm residential construction during the same period aggregated a little
over $11 billion, also 9 percent below that of the corresponding period of last year. Mortgage holdings of commercial
banks and savings and loan associations during the first three
quarters of this year have grown at a rate substantially below
the similar period of last year, those of mutual savings banks
have expanded at about the same rate as in 1955 while mortgage investments of life insurance companies have increased
appreciably more this year than last.
The yield to investors on mortgages has risen appreciably
during the past year. The average typical price offered in
October for FHA-insured (section 103) home mortgage loans
in the secondary market was $96.7 per $100 of loan; this
compares with $98.4 a year earlier.
In addition to the higher interest cost of mortgage funds,
construction costs have continued to rise in the past year.
Although more rapid than the increase in the general wholesale price level, the rise in construction costs is about in line
with the average advance of all nonagricultural prices and
less than the sharp rise in producers' durable goods.
Table 3.—Changes in the Number of Households and Their Occupants, 1947 to 1956
[Data in thousands]
April
1955
March
1956
Households (occupied dwelling units) total
Urban and rural nonfarm only
39, 107
32, 673
47, 788
42, 243
48, 785
43, 136
9,678
10, 463
997
893
Primary occupants of households
Primary families..
Husband-Wife
Primary individuals
39, 107
34,964
30, 612
4,143
47, 788
41, 713
36, 266
6,075
48, 785
42, 548
37, 043
6,237
9,678
7,584
6,431
2,094
997
835
777
162
2,931
5,370
1,304
4,601
1,263 -1,668
-855
4,515
-41
-86
10, 088
1,191
New building versus new households
For the last several years, new nonfarm dwellings started
have exceeded the number of nonfarm households newly
formed but the extent to which the total stock of available
dwellings has grown faster than the total number of households is highly uncertain (see table 3.) The uncertainty is
largely attributable to two major factors: (1) the annual
rate of disappearance through demolition, disaster or other
cause; and (2) the net annual change in housing supply due
to remodeling and conversion of former nonresidential
properties
to residences or vice versa. An indication that
Change
April
1947
Secondary occupants of households:
Doubled-up married couples
Other families and individuals
New nonfarm dwelling units started during period, cumulative total
1947 to 1955 to
1956
1956
Source: Household data from U. S. Department of Commerce, Bureau of the Census;
dwelling unit starts from U. S. Department of Commerce, Business and Defense Services
Administration and from U. S. Department of Labor, Bureau of Labor Statistics.
by Donald G. Wooden and Robert C. Wasson
Manufacturing Investment Since 1929
in Relation to Employment, Output, and Income
B
USINESS purchases of structures and equipment for
manufacturing establishments during the post-war period
averaged one-fourth higher in real terms than in the prewar
peak of 1929. This expansion has been largely in equipment
purchases, so that the relative importance of equipment in
the total has increased from less than one-half to two-thirds.
In the 11 years since 1946, $85 billion in current dollars has
been spent on manufacturing structures and equipment,
equivalent to $71 billion in constant dollars of 1947 purchasing power. Over the entire period 1929-56 such purchases have totaled more than $115 billion in both current
values and 1947 dollars, because the average current-year
price of structures and equipment over this period happens
to approximate the 1947 base-year price.
Net capital formation, measured as the difference between
purchases and straight line depreciation, was about zero in
both current and constant dollars for manufacturing structures and equipment combined in the period 1929-41. Since
then, however, about 30 percent of gross outlays has represented net additions, nearly four-fifths of which were in the
form of equipment. In terms of current dollars, gross purchases amounted to $95 billion over the period 1942-56, and
net fixed capital formation to $28 billion. If the improvements in the efficiency of capital goods that have occurred
over time could be fully allowed for in these figures, the percentage of gross outlays representing net capital formation
would be higher in terms of both the current and constant
dollar measures. The accompanying chart pictures the
cumulative amounts of both gross and net capital formation
in constant dollars from 1942 through 1956.
In real terms, manufacturing inventory accumulation since
1929 has been about as large absolutely as net fixed capital
formation.
The real net asset value of privately owned structures and
equipment (constant dollar cumulative purchases less cumulative depreciation) remained relatively stable at somewhat
more than $40 billion (in 1947 prices) through the prewar
and war periods, but postwar expansion has increased it by
one-half to $67 billion at the end of 1956. The relative
increase would appear even larger if full recognition could be
given to technological and organizational improvement.
Again, the increase has been almost entirely in equipment
assets, which are presently more than double prewar, and
have grown in importance from one-half to equality relative
to structures.
The long-term growth experience of inventories has been
roughly parallel to that of equipment. The increase in the
constant dollar total of structures, equipment and inventories was about two-thirds over the period as a whole, or from
$61 billion at the end of 1928 to $101 billion at the end of
1955.
NOTE—MR. WOODEN AND MR. WASSON ARE MEMBERS OF THE NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS.
Despite the large expansion in fixed assets, the average
real net asset value of privately operated structures and
equipment (measured in constant 1947 prices) per person
engaged in manufacturing rose only from $4,200 in 1929 to
$4,400 in 1955. Investment in structures per person engaged
decreased from $2,900 to $2,300; that in equipment increased
from $1,300 to $2,100. (These figures, it may be noted, do not
indicate the amount of capital required to create an additional job in a manufacturing establishment, which would be
considerably larger.)
Because of the reduction in average hours worked, total
real net fixed investment per man-hour increased almost 20
percent.
Manufacturing Establishments
Cumulative Real Gross and Net Fixed
Capital Formation, 1942-56*
BILLIONS OF 1947 DOLLARS
60 —
50 —
40 —
30 —
Gross
20 —
10 —
Net
STRUCTURES
* Partly estimated for 1956
U. S. Department of Commerce, Office of Business Economics
EQUIPMENT
November 1956
SURVEY OF CURRENT BUSINESS
Man-hours per unit of manufacturing production at the end
of the period were less than three-fifths of what they had
been at the beginning. The real net value of the capital
applied per unit, including inventories as well as structures
and equipment, decreased over one-fourth in the aggregate.
Both of these declines are in large measure attributable to the
great increases in efficiency of capital goods and their organization in production.
Measured before deduction of taxes on income, the percentages of manufacturing income distributed to labor and property have shown no clear-cut trend since 1929. Adjustment
of property income to reflect the current-year value of depreciation charges rather than book values generally lowers its
percentage share but does not alter this basic finding. If the
impact of income taxes on the two shares could be estimated,
the property share, on an after-tax basis, would be seen to
decline as compared with the after-tax labor share over this
period.
Throughout this article, statements relating to changes in
real capital must be interpreted in the light of the circumstance that the statistical measures cannot take comprehensive account of quality improvements. Broadly speaking,
9
quality improvements are reflected only to the extent that
they are paralleled by changes in the real costs of producing
the capital assets. Consequently, the constant dollar capital
measures do not reflect fully the increased effectiveness of
manufacturing facilities that has come about through technological progress and organizational innovation. This
aspect of the measures is discussed in the body of the article.
The following study, from which the foregoing conclusions
are taken, is an outgrowth of the work underlying the article,
"Growth of Business Capital Equipment, 1929-53", which
appeared in the SURVEY OF CURRENT BUSINESS for
December 1954. That article pertained only to producers'
durable equipment, but covered all private business. The
present one has been extended to structures and inventories,
but is confined to manufacturing. Manufacturing accounts
for about one-quarter of real gross outlays on privately
owned nonresidential structures and equipment, and of the
real net value of structure, equipment, and inventory assets.
A detailed explanation of the procedures used in deriving
all the estimates presented and discussed may be obtained on
request.
Investment and Capital Assets
In the following section are presented continuous and consistent estimates of purchases, depreciation, and net values
of structure and equipment assets in manufacturing establishments for the period 1929-55, together with data on inventories, which constitute a complete account of the investment
in physical assets other than land for this important segment
of the economy.
Purchases
Private purchases of structures and equipment for manufacturing establishments were derived from the estimates of
gross private domestic investment in newly constructed industrial buildings and producers' durable equipment that are
included in the gross national product. The outlays on
structures were adjusted to benchmarks, based mainly on
expenditures for new plant construction by establishments
included in the Census of Manufactures, and were supplemented by data on business purchases of Government surplus
plant. The manufacturing purchases of equipment resulted
from applying an allocation percentage to the total business
purchases of each type of producers' durable equipment.
The expenditures on equipment reported in the Census Bureau's 1951 Annual Survey of Manufactures were used as a
benchmark for these equipment purchases estimates. Purchases of structures and of equipment were converted to constant (1947) cost by the indexes used to deflate the corressponding components of the gross national product.
Private purchases of structures and equipment for manufacturing establishments have shown wide fluctuations over
the period 1929-55, as can be seen from table 1, and also the
chart on p. 10, which shows these purchases in real terms (expressed in 1947 dollars). The chart includes projected expenditures for 1956. During the great depression, expenditures
dropped sharply from the highs reached in the late 1920's.
They reached their low point in 1932, and recovered steadily
until 1937. A further setback occurred in 1938; by 1941,
however, purchases were again approximately at their 1929
level.
During most of World War II, new structures and equip-
Digitized404787°
for FRASER
ment for private ownership were in short supply, not only
because of the diversion of materials and labor to military
production, but also because of extensive Government purchases of productive facilities. Consequently, the actual
accretions to manufacturing capital that were made during
the war are understated by our low figures, which cover only
Table 1.—Private Purchases of Structures and Equipment for
Manufacturing Establishments, 1929—55
[Billions of dollars]
Constant (1947) cost
Current-year cost
Year
Structures
and
equipment
1929
1930
1931
1932
1933
Struc- Equipment
tures
Structures
and
equipment
Implicit price indexes l
(1947=100)
Struc- Equipment
tures
Structures
and
equipment
Structures
Equipment
2.9
1.8
1.0
.5
.7
1.5
.8
.3
.1
.3
1.4
1.0
.7
.4
.4
5.1
3.4
2.0
1.0
1.5
3.0
1.9
.9
.3
.8
2.0
1.5
1.1
.7
.7
57
53
51
51
46
48
43
37
34
34
69
67
63
60
59
1934 ...
j.935
1936___
1937 _
1938
_.
.9
1.0
1.5
2.1
1.3
.3
.3
.4
.8
.4
.6
.8
1.0
1.3
.9
1.7
1.8
2.6
3.6
2.1
.8
.6
1.0
1.7
.8
.9
1.2
1.6
1.9
1.3
53
56
56
59
61
40
41
43
49
48
63
63
64
69
69
1939 _ .
1940
1941
1942
1943
_
1.5
2.2
3.1
2.0
1.7
.4
.7
1.3
.6
.2
1.1
1.5
1.8
1.5
1.5
2.5
3.5
4.7
2.8
2.3
.9
1.5
2.4
.9
.4
1.5
2.0
2.3
1.9
1.9
61
62
65
73
77
46
49
55
63
69
69
72
76
78
78
2.2
3.6
6.3
7.1
7.1
.3
1.0
3.1
2.7
2.4
1.9
2.5
3.2
4.4
4.7
2.9
4.7
7.4
7.1
6.5
.5
1.5
3.6
2.7
2.2
2.4
3.2
3.7
4.4
4.3
76
76
85
100
109
66
70
85
100
112
78
79
85
100
108
1949
1950
1951
1952
1953.
5 7
6.3
8.3
8.4
8.6
1.8
1.6
2.6
2.6
2.6
3.9
4.6
5.6
5.9
6.0
5.1
5.5
6.4
6.5
6.5
1.7
1.5
2.1
2.0
2.0
3.4
4.0
4.4
4.5
4.5
111
115
128
129
132
110
111
125
128
130
112
116
130
130
133
1954.. _
1955
8.0
8.6
2.4
3.0
5.6
5.6
6.0
6.4
1.9
2.4
4.1
4.0
133
135
126
129
136
139
1944
1945
1946
1947__.
1948
..
1. Computed from unrounded figures.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
10
private purchases. With the easing of restrictions in 1944,
manufacturing outlays expanded greatly to make good the
deficiencies arising out of the war and to meet the high postwar consumer demand. For the years since 1946, private
expenditures on structures and equipment for manufacturing
averaged in real terms about one-fourth higher than 1929.
Even in the recession year of 1949, constant dollar purchases
were as high as in 1929, the peak year before World War II.
Short-term fluctuations in structures have been wider than
those in equipment. The cyclical troughs of the 1930's were
far more extreme for the former; after the postwar expansion
in both structures and equipment, the latter experienced only
a mild recession in 1949, while expenditures for structures
dropped continuously from 1947 to 1950. (It may be noted
that the high outlays on structures in the early postwar years
reflected in part private acquisitions of Government surplus
plant.)
Despite the substantial swings that have occurred, real
expenditures for structures have shown no long-term trend
since the late 1920's. In each of the years since 1946, the
constant dollar value of outlays on structures has been
lower than in 1929. In contrast, real equipment expenditures have shown a distinct upward trend, each peak and
trough since 1933 being higher than the preceding one.
The postwar annual rate of equipment purchases has
averaged twice that of 1929 in real terms.
November l!)r>(S
represented less than half of total purchases in the earlier
period, now accounts for more than two-thirds. It should
be noted that the distinction between structures and equipment is an arbitrary one to a certain extent. In some
industries, for instance primary metals, chemicals, and
petroleum, it is particularly hard to draw. Nonetheless,
it is felt that, taking into account its pronounced character,
the indicated shift has real significance.
The shift may be explained partially by the relative behavior of construction and equipment prices. From 1929
to 1941, the prices of both structures and equipment moved
quite similarly (see table 1). However, between 1941 and
1946, the price of manufacturing structures went up by
over one-half, while the price of manufacturing equipment
increased by only about one-eighth. From 1946 to 1955,
construction prices rose less than equipment prices, but
the fact that the former had increased more than equipment
prices since before the war may have been a factor in lessening the relative importance of outlays on structures.
The increase in construction prices relative to equipment
prices is an established fact; the presence of the following
factors is more conjectural. Changes in technology may
have occurred which altered the relative amounts of structures and equipment purchased for manufacturing. These
changes could be either decreases in the quantity of structures needed for use with a given quantity of equipment, or
an increased rate of obsolescence of equipment as compared with structures. Furthermore, shifts in the relative
importance of the various industries within the manufacturing sector, with those industries using more equipment
accounting for a larger proportion of total purchases.
Shift to equipment
Thus, the relative importance of structures and equipment
has changed greatly since the 192(Vs. Equipment, which
Manufacturing Establishments
Real Purchases of Structures and Equipment
BILLIONS OF 1947 DOLLARS
10
STRUCTURES AND
EQUIPMENT
\
1925
I
\
1930
1935
U. S. Department of Commerce, Office of Business Economics
1
I
I
1940
I
I
I
1
I
1945
I
I
I
I
I
1950
I
I
I
1955
I960
56-40-7
November 1956
SURVEY OF CURRENT BUSINESS
would change the relative importance of structure and
equipment outlays in the observed direction.
It should also be noted that the estimates shown in this
report do not include expenditures for maintenance and
repair, which may be to some extent a substitute for new
purchases. This omission affects structures more than
equipment, and thus might also be an explanatory factor.
We do not think, however, that it could be quantitatively
important.
Capital consumption
To what extent did the foregoing gross purchases represent additions to the volume of fixed capital as distinguished
from replacement? What changes have occurred over the
years in the volume of fixed capital in manufacturing as a
result of these outlays? To answer these questions, it is
necessary to measure the consumption of fixed capital.
The using up of fixed capital, which is a result of wear
and tear in the process of production and of obsolescence,
is conventionally measured by depreciation. The usual
business practice is to allocate the original cost of depreciable assets over the estimated useful life (generally by the
straight-line method in the period covered by this study).
Depreciation accumulated in previous periods is subtracted
from the original cost of the stock of depreciable assets to
arrive at its net value.
When the prices of capital goods change, computation of
depreciation on the original cost of fixed assets yields estimates of capital consumption and net asset values which
are inappropriate for our purposes. An original-cost estimate for any given year will reflect, not the price level of
any one year, but a mixture of the prices of preceding years.
This makes it difficult to combine or compare it with estimates of other economic magnitudes for the same year or
with estimates of the same item for different years. For
example, net capital formation is the difference between
gross purchases of new assets and capital consumption.
Inasmuch as new purchases are usually expressed in current prices, i. e., prices of the year in question, deduction of
original-cost depreciation will result in a figure that is not
particularly useful in many types of economic analysis.
In order to facilitate the comparison and combination of
the various magnitudes, the estimates of depreciation have
been computed not only at original cost but also in terms of
constant and current-year cost, and net asset values have
been calculated in terms of constant cost.
Depreciation at original and constant cost has been estimated by applying information on useful lives to the respective current and constant dollar purchases of structures
and equipment. Depreciation was allocated over the useful life by the straight-line method, which allots an equal
amount of depreciation to each year. Net assets at constant cost were derived by adding up past purchases, and
deducting the accumulated depreciation on these purchases.
The useful life information was drawn largely
from the Bulletin "F" of the Internal Revenue Service.1 Depreciation at
constant cost was converted to current-year cost by multiplying the depreciation for each year by the construction
and equipment price indexes for that year.
Characteristics of estimates
It can be seen that our derivation of constant and currentyear estimates has involved the use of price indexes. The
1. Income Tax Depreciation and Obsolescence; Estimated Useful Lives and Depreciation
Rates, U. S. Treasury Department, Internal Revenue Service, Washington, D. C., 1948.
H
price quotations from which the indexes are derived are for
capital goods that are not uniform in quality over time.
When the nature of a given item changes, the procedures
used to link the price quotations before and after the change
take account only of the change in the associated cost of
production, and that only if the change in the item is substantial. Consequently, since in our economy product
changes in the long run represent net improvements larger
than the associated cost increases, the price indexes used for
capital goods show more increase over time than they would
if they were completely adjusted for quality change. In
addition, the combined efficiency of capital goods has increased over the years because of improved plant layout,
better organization, etc. The price indexes, of course, take
no account of this phenomenon.
Table 2.—Depreciation on Privately Owned Structures and Equipment in Manufacturing Establishments, 1929-55
[Billions of dollars]
Year
"d
ll
Current-year
cost1
Constant (1947)
cost
Original cost
T*
CO
ll
11 3
I!§ s
p
S°
S co
CO
1 •
W
d -I"3
§
"aa>
rl P<
I
1
S§
I3 If
§£
-fa
o
g
I
1
1
Ratio of currentyear cost to
original cost 3
g
1
1
I
l&
5o
o
03
GO
o1
W
1.4
1,5
1.5
1.5
1.4
0.5
.5
.5
.5
.5
1.0
1.0
1.0
1.0
.9
2.8
2.9
2.9
2.9
2.8
1.3
1.4
1.4
1.4
1.4
1.5
1.5
1.5
1.5
1.4
1.7
1.6
1.5
1.4
1.3
0.6
.6
.5
.5
.5
1.0
1.0
1.0
.9
.8
1.17
1.08
.99
.92
.92
1.37
1.20
1.03
.93
.94
1.08
1.02
.97
.92
.91
1934
1935
1936
1937
1938
.4
.4
.4
.4
.5
.5
.5
.5
.5
.5
.9
.9
.9
.9
.9
2.8
2.7
2.7
2.8
2.8
1.4
1.4
1.3
1.4
1.4
1.4
1.4
1.4
1.4
1.4
1.4
1.4
1.5
1.6
1.6
.5
.6
.6
.7
.7
.9
.9
.9
1.0
1.0
1.02
1.02
.04
.13
.11
1.09
1.10
1.15
1.27
1.23
.97
.98
.98
1.05
1.05
1939
1940
1941
1942
1943
.5
.5
.6
.7
.7
.5
.5
.6
.6
.6
.9
1.0
1.0
1.1
1.1
2.8
2.8
2.9
3.0
3.0
1.4
1.4
1.4
1.4
1.4
1.4
1.4
1.5
1.6
1.6
1.6
1.7
1.9
2.1
2.2
.6
.7
.8
.9
1.0
1.0
1.0
1.2
1.2
1.2
.09
.13
.22
.27
.29
1.18
1.24
1.36
1.52
1.63
1.04
1. 07
1.14
1.13
1. 11
1944
19451946
19471948
.8
.9
2.0
2.3
2.7
.6
.6
.6
.7
.8
1.2
1.3
1.4
1.6
1.9
3.0
3.1
3.3
3.6
3.8
1.4
1.4
1.4
1.5
1.5
1.7
1.8
1.9
2.1
2.3
2.2
2.4
2.8
3.6
4.2
.9
1.0
1.2
1.5
1.7
1.3
1.4
1.6
2.1
2.5
.26
.27
.38
.54
.58
1.55
1.62
1.87
2.06
2.18
1.11
1.10
1.15
1.30
1.33
1949
1950
1951
1952
1953
2,9
3.2
3.5
3.9
4.2
.8
.9
.9
1.0
1.0
2.1
2.3
2.6
2.9
3.2
4.0
4.1
4.3
4.5
4.6
1.5
1.5
1.5
1.6
1.6
2.5
2.6
2.8
2.9
3.1
4.5
4.8
5.5
5.8
6.1
1.7
1.7
1.9
2.0
2.0
2,8
3.0
3.6
3.8
4.0
.52
.49
.58
.50
.44
2.05
1.99
2.14
2.08
2.01
1.32
1.3J
1.38
1.31
1.27
1954
1955
4.5
4.9
1.1
1.1
3.5
3.7
4.8
5.0
1.6
1.6
3.3
3.4
6.4
6.7
2.0
2.1
4,4
4.6
1.41
1.38
1.87
1.84
1.27
1.25
1929
1930
1931
1932
1933- _
S ° mS
It
GQ
1. Cost prevailing in each year of period.
1
W
G>
CO
o
2. Computed from unrounded figures.
Source: U. S. Department of Commerce, Office of Business Economics.
When the current dollar purchases of structures and equipment are divided by the price indexes, the resultant constant dollar purchases show insufficient long-run growth
from a standard-quality viewpoint. This affects the magnitudes and behavior of the depreciation and net asset
figures derived from constant dollar purchases in this study.
It is not possible to appraise all of the consequences, but two
points that are specially relevant to the analysis should be
mentioned. First, were quality improvements fully allowed
for, the percent of gross purchases which represents net
capital formation would be higher, both in constant and current-year dollars. Secondly, the net asset (and also the
constant dollar depreciation) estimates would show more
growth or less decline than they do now.
SUEVEY OF CURRENT BUSINESS
12
Although for some purposes systematic allowance for
quality change might be desirable if it were conceptually
and statistically feasible, for other purposes the present estimates may be more suitable. When the productivity of
capital is under investigation, for instance, capital figures
that are fully adjusted for quality change would not be useful because they would exclude most productivity changes
from statistical measurement. To obtain the measures of
real volume that are usually considered relevant in the analysis of capital productivity, the capital assets of any given
year should be expressed in terms of the cost of producing
them under the technology and prices prevailing in a base
period. Quality changes other than those paralleled by
changes in real costs are excluded from such a measure. We
regard our capital estimates as approximating this definition.
Table 3.—Net Formation of Privately Owned Structure and Equipment Capital in Manufacturing Establishments, 1929-55
[Billions of dollars]
Current-year cost
!
Structures and
equipment
Year
1929
1930 '
1931..1
1932
.
1933
1954
1955
1.7
.6
-.4
-1.0
-.5
0.5
.0
-.4
-.8
-.7
Equipment
-.6
-.4
.0
.5
-.3
-.2
-.3
-.1
.2
-.3
-.3
-.1
.2
.3
-.1
-1.1
—.9
-.1
.8
-.6
-.6
-.7
-.3
.3
-.5
-.5
-.2
.3
.5
-. 1
-.1
.5
1.2
-.1
-.5
-.2
.1
.5
-.3
-.7
.1
.4
.6
.3
.3
o
'.7
1.8
-.2
-.7
-.4
.1
1.0
-.5
-1.0
.1
.6
.8
.3
.3
.0
1.2
3.5
3.5
2.9
-.6
.1
1.9
1.2
.7
.6
1.1
1.6
2.3
2.2
-.1
1.5
4.1
3.5
2.7
-.9
.1
2.2
1.2
.7
.8
1.4
1.9
2.3
2.0
- _
1.2
1.5
2.7
2.6
2.6
.1
-.1
.7
.6
.6
1.1
1.6
2.1
2.0
2.0
1.1
1.3
2.1
2.0
1.9
.1
-.1
.6
.5
.4
1.0
1.4
1.6
1.6
1.5
-_
1.6
1.9
.4
1.0
1.2
.9
1.2
1.4
.3
.8
.9
.7
..
-._
_ .
2.2
.5
-.9
-1.8
-1.3
Structures
-.3
-.2
_
1949
1960
1951
1952
1953
Structures and
equipment
0.4
.0
-.3
-.5
-.4
.
1944
1945
1946 _•
1947
1948
Equipment
1.2
.2
-.4
-.8
-.6
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
Structures
Constant (1947) cost
0.8
.2
Source: U. S. Department of Commerce, Office of Business Economics.
The straight-line method of allocating depreciation over
the useful life of the capital good tends to understate the use derived from structures and equipment in the early years of
life and to overstate the use obtained in later years. Because obsolescence and physical deterioration make old
assets less serviceable than new ones, and also because heavy
purchases of capital goods tend to occur during periods of
high activity in which these purchases are intensively utilized,
fixed capital goods yield a more than proportional part of
their total services during the earlier years of life.
As compared with a faster writeoff, the straight-line
method overstates the level of net assets in a stationary industry, because at any time a larger proportion of the service
use of each asset has been consumed than is allowed for under
this method. However, periodic depreciation charges will
not be affected so long as the stationary situation prevails
(and the useful life of new assets continues the same as the
old), because the understatement of the use derived from
younger assets will offset the overstatement of the use of
older ones.
November 1956
In an expanding industry, such as manufacturing, the
straight-line method again overstates the level of net assets,
and in addition understates depreciation. Its effects on the
rates of growth of net assets and depreciation depend upon
the rate of expansion in outlays, and cannot be uniquely
defined. Needless to say, there are other important differences between measures based upon straight-line depreciation
and those based upon faster writeoff methods.
The only comprehensive data relating to useful lives are
those tabulated by the Internal Revenue Service in its Bulletin "F" as guides to calculating depreciation for tax purposes. The present estimates rely largely on this source.
It is not possible to appraise the extent and direction in
which useful life spans in fact depart from the Bulletin "F"
lives; such departures might either be constant, or vary with
time. A study of several types of transportation equipment
indicated that the actual life span exceeded the life suggested
by Bulletin "F". Special factors were present in these
instances, however, and there is no reason to believe that the
observed bias is typical also of other kinds of capital goods.
Even if the useful lives of capital assets normally conformed
well to those given in Bulletin "F", economic events occur
f jom time to time which tend to alter useful lives temporarily
away from the normal. For instance, during the war period
many retirements that would normally have been made were
postponed. Similar postponements probably also occurred
during the great depression. On the other hand, revolutionary technological developments may shorten the lives of
existing assets through extraordinary obsolescence.
Our estimates of depreciation and net assets will be in
error if such departures from the norm occur, but the appraisal of the errors in terms of magnitude and direction is
difficult. Both series should be used with caution in comparing years believed to be significantly affected by delayed
or premature retirments.
Most of the useful life information available pertains to
the average life of particular types of assets. In using such
information, we have made no allowance for the distribution
of the actual lives of individual assets around the average
for their type. Experiments with different reasonable dispersions of individual lives about their average indicate that
the introduction of such dispersions into our calculations
would not produce significantly different estimates of depreciation and net assets.
The estimates for depreciation on privately owned manufacturing structures and equipment in manufacturing establishments are shown in table 2.
Net capital formation
By deducting depreciation from gross purchases (when
both aggregates are on similar price bases), we can estimate
the amount of the purchases during a given period which
represented additions to the net value of structure and equipment capital. Private net capital formation in manufacturing establishments showed considerable variation both in
current and constant dollar terms over the period 1929 to
1955, reflecting largely fluctuations in gross purchases (table
3). For many of the years in the prewar period, it was negative; only at the beginning and end, and in the partial recovery year 1937, was it positive.
From 1929 to 1941, the cumulative value of capital consumed was approximately equal to outlays on new assets,
so that net fixed capital formation was about zero for the
period as a whole. During World War II, expenditures for
private ownership were insufficient to offset depreciation,
but in every year since 1945, they have exceeded depreciation
13
SURVEY OF CURRENT BUSINESS
November 1956
zero for each in the 1929-41 period. The sizable .additions
to real fixed assets made during the more recent period were
predominantly (four-fifths) in the form of equipment. After
allowing for depreciation, one-third of constant dollar equipment purchases for 1942-55 remained as net additions, while
the corresponding portion for structures was only about 15
percent. This difference results from the previously noted
disparity between gross outlays for the two types of asset.
The following table summarizes the contrasts between real
gross and net fixed capital formation in the prewar period and
in the subsequent years. (The chart on p 8, in which a part of
this material is shown, includes projected figures for 1956.)
by substantial amounts. In contrast with the earlier period,
over one-fourth of constant dollar purchases from 1942 to
1955 have been net additions to the real value of structures
and equipment. In interpreting these measurements, we
caution again that they do not reflect at all comprehensively
improvements in the quality of capital goods. If such increases were fully allowed for, net capital formation would
be positive from 1929 to 1941, and a larger fraction of new
purchases for 1942-55.
Turning to real net capital formation in the separate components, structures and equipment, we find that it was near
Manufacturing Establishments
Real Net Value of Structures, Equipment, and Inventories
BILLIONS OF 1947 DOLLARS
(ratio scale)
160
I 40
I 20
I 00
STRUCTURES, EQUIPMENT,
AND INVENTORIES
80
60
STRUCTURES AND
EQUIPMENT
40
••..."•
STRUCTURES
20
© P a r t l y estimated
10
I
I
I
1925
I
I
I
1930
I
I
I
I
I
1935
I
I
I
I
I
I
1940
END
U. S. Department of Commerce, Office of Business Economics
I
I
I
I
1945
OF
YEAR
I
I
I
I
I
1950
I
I
I
I
I
1955
I
I
I
I
I960
SURVEY OF CURRENT BUSINESS
Over the entire period 1929 to 1955, real net capital formation in the form of inventories has been nearly equal to that
in structures and equipment. In contrast to fixed investment,, sizable real inventory accumulations occurred in the
Heal Private Gross and Net Fixed Capital Formation in
Manufacturing Establishments
(Bittions of 1947 dollars)
Cumulative total for:
1929-41:
•'Structures and equipment _
Structures
Equipment
1942-55:
Structures and equipment
Structures
Equipment
Gross
Net
35. 7 — 0. 8
16. 8
-. 9
18. 9
.0
76. 1
25. 2
50. 9
21.9
4. 2
17. 6
prewar period as well as in more recent years. Total physical
capital formation has thus been due as much to inventory
accumulation as to fixed capital formation.
November 1956
Privately operated capital
The capital estimates that have been presented cover
privately owned capital goods in manufacturing establishments. Since the period of World War II, the Federal
Government has owned a certain amount of manufacturing
capital which is used by private industry, either on a leasehold basis or under operating contracts. In the next section
of this article, we shall be comparing the capital estimates
with manufacturing labor and production figures which
include all privately operated establishments. For this
purpose, it is necessary to include in our capital measures
these Government-owned assets. On June 30, 1955, such
assets are estimated to have had a net value of $6.8 billion
in 1947 dollars, $3.9 billion representing structures, and $2.9
billion equipment. Depreciation on these assets in 1955
amounted to $0.1 billion for structures and $0.3 billion fo
equipment, also in 1947 dollars. As already noted, the inventory figures in table 4 include most of the inventories
in Government-owned but privately operated plants.
Net assets
Not values of privately owned structure and equipment
assets in manufacturing establishments, representing the
undepreciated value remaining in past acquisitions, are
shown in table 4 and the chart on p. 13 in constant dollars.
(The chart shows fixed asset projections for the end of 1956.)
They were about the same at the end of 1941 as they were
at the end of 1928. During the war years, no further
changes took place in net fixed assets, but a marked increase
occurred after the war which by the end of 1955 raised them
50 percent above the total for 1941.
As with purchases and net capital formation, the net asset
values of the two separate components, structures and equipment, behaved dissimilarly over the period as a whole. From
the end of 1928 to the end of 1941, constant dollar net assets
moved about the same for structures and for equipment.
Since then, equipment assets have consistently increased,
with the result that in recent years they have been more than
double relative to the years before World War II. Structure
assets, while showing some variation from 1942 to date, were
not conspicuously higher than prewar by the end of 1955.
Consequently, equipment assets, which were less than half
the size of structure assets before the war, are now about
equal to them. With full allowance for quality change, both
structures and equipment would show more growth over time
than these estimates indicate.
Table 4 and the chart also include data on year-end
inventories in 1947 dollars. These were derived from the
estimates of manufacturing company inventories whose
change is included in the constant dollar gross national
product, by adjusting the latter to benchmarks based on the
inventories of establishments reported by the Census of
Manufactures.
As one would expect, manufacturing inventory holdings
were less stable in the short run than were net fixed assets.
Their long-term growth experience, however, has been
roughly parallel to that of equipment. They showed some-2
what more increase in the prewar period, but less since then.
When inventories are added to net assets of structures and
equipment, the resulting constant dollar total covers all the
physical assets of manufacturing, except land and natural
resources. This total increased about two-thirds from the
end of 1928 to the end of 1955.
2. The inventory estimates for the war years are probably somewhat too high relative
to structures and equipment. They include most of the inventories in Government-owned
but privately operated defense plants, while the structure and equipment estimates omit
establishments.
Digitized for these
FRASER
Table 4.—Real Net Value of Privately Owned Structures, Equipment, and Inventories in Manufacturing Establishments, at
End of Years, 1928-55
[Billions of 1947 dollars]
Year
i Structures [
I
|
Structures.
j
arid
Structures j Equipment Inventories equipment,
| equipment j
i
and
:
inventories
1928 ______
1929 ______
1930.
1931 _______
1932
43. 2 |
4;>. 5
46.0 !
45. 2 j
43.3
29. 9
31. 6
32.1
31.7
30.7
13.4
13.9
13.9
13.5
12.7
17.3
18.4
19.1
17.8
15.5
60 5
63. 9
65. 1
62. 9
58.9
42.1
41. 0
40. 1
40.0
40.8
30.1
1934
1935
1936
1937
29.5
28 8
28.5
28.8
11.9
11.4
11.3
11.5
12.0 I
14.1
14.7
15.2
16.7
19.3
56.2
55. G
55. 2
56.7
60. 1
1938
! 939
1940
1941
1942
40.2
39.9
40.6
42.4
42 2
28.3
27.9
28.0
29.0
28. 5
11.9 I
12.0 |
12.6
13.4
13.7
18.2
18.7
20.5
24.0
26. 0
58.4
58. 5
61. 1
66 4
68. 2
1943
1944
1945
1946
1947
41.5
41.3
42.9
46.9
50. 5
27. 4
14.1
14.8
16.3
18.1
20.4
26. 6
25.7
24.1
27.5
27. 6
68.1
67.1
66. 9
74.5
78. 1
1948
1949
1950
1951
1952
53. 1
54.2
55. 5
28.5
27.1
29 0
34.3
36.2
81.7
81. 3
84. 6
92. 0
95.9
1953
1954
1955
61.7
62.8
64.3
37.8
35.8
37.2
99. 4
98 7
101. 5
26.5
26. 6
28.8 i
30.0 |
30.7!
30.8
30.7
31.3
31.7
j
i
i
i
32.2 i
32.5 !
33.2 !
22.5
23.4
24.8
26.4
28.0
i
I
i
!
I
29. 5
30.4
31. 1
Source: U. S. Department of Commerce, Office of Business Economies,
In addition to Government-owned assets in privately
operated manufacturing establishments, there is another area
of possible iioncomparabilitty between the capital estimates and
the labor and output figures. In the former, used Government assets are valued at their cost to the private buyer.
In some instances, this cost may have represented less than
true economic worth. If these assets are expressed at the
(depreciated) original cost to the Government, the increment
to net asset values averages $3.5 billion in 1947 dollars for
1955, $3.0 billion for structures and $0.5 billion for equipment. The adjustment to 1955 depreciation is $0.1 billion
for structures and $0.1 billion for equipment.
November 1956
SUKVEY OF CURRENT BUSINESS
15
Capital, Labor, and Production
It is interesting to examine manufacturing production in
relation to the use of capital and labor. Data pertinent to
such an examination and some tentative conclusions are
presented in the following section of this study.
Capital and labor services
In measuring the use of productive resources, it is necessary, as a practical matter, to restrict oneself to tangibles.
But even if this limitation is accepted, difficulties arise in
the analysis of capital services. No useful measure of land
and other nonreproducible resources seems to be available;
account must be taken of the different roles of inventories
and fixed capital in the productive process; and the measurement of the use of fixed capital presents a special problem in
that there are two very different ways in which one can
think of this use.
One way in which the quantity of fixed capital may be
measured is the value of the capital services used up during
a period, which corresponds to depreciation. Alternatively,
fixed capital may be envisaged as embodying services for
future use. So regarded as a total of stored up services, the
quantity of fixed capital is best measured in terms of its
depreciated value. This measure, it may be noted, is the
more conventional and more frequently encountered.
A simple example may serve to illustrate the difference
between the two measures. Suppose a capital good, for example a machine, yields approximately equal annual services
over its useful life. Its depreciation quotas, which would be
equal each year according to the straight-line method, would
reflect this pattern of service use. The net value of the
capital good, in contrast, would decline continuously over
its life time, and would consequently not be a proper measure
of its current serviceability. If, however, we were interested
in the capital good as an earning asset, it is the movement of
its net value that would be relevant to our purpose,
and that
of its depreciation charges would not concern us.3
The distinction which this example illustrates does not
depend on the particular assumption regarding the pattern
of service use and depreciation which is used. The same
distinction would hold for any other service use and depreciation pattern (except the declining balance method).
Both depreciation and net assets, computed according to
the prevailing business practice, as they are in this study, are
measures of the fixed capital available for use under normal
conditions rather than measures of the capital actually applied to production. This is so, because no allowance is made
for the under- or over-intensive use of existing structures and
equipment, for instance, during economic recessions and military emergencies. To minimize errors of interpretation from
this source, we shall confine our observations relating to the
use of labor and capital to longer-term changes, omitting
those periods when our capital measures are known to be
unsatisfactory as indicators of the quantity of resources
actually engaged in production.
3. In the earlier articles on business capital equipment appearing in the June 1953 and
December 1954 numbers of the SURVEY, some analysis of the long-run trends in the capacity
of the private economy was presented, insofar as changes in capacity could be identified with
changes in the stock of equipment. In this analysis, the gross, or undepreciated, stock was
used. Since under the straight-line method annual depreciation charges are proportional to
gross values for any given fixed capital item, the movement of depreciation charges is usually
similar to that of undepreciated values. However, in instances in which the two diverge,
consideration should be given to depreciation charges, the more directly relevant measure,
because it reflects changes in the durability of, and hence annual services rendered by, a given
volume
of undepreciated stocks.
The constant cost depreciation measure indicates that the
services rendered by privately operated manufacturing fixed
capital were substantially unchanged over the prewar period,
both in total and for structures and equipment separately.
(The attached text table includes for 1955 Government-owned
assets in privately operated establishments and Government
surplus assets valued on the basis of their original cost rather
than subsequent resale value. Entries for both 1940 and
1941 have been included, since for the more volatile of the
series, neither year taken in itself is adequate for evaluating
pre-World War II trends.) A substantial expansion has occurred since 1941, resulting in a doubling of these capital
services by 1955. Equipment services were 2% times those
of 1929, while services of structures were up by only about
35 percent.
Trends in Manufacturing Capital and Labor Use, 1929-55
Depreciation at constant cost (billions of
1947 dollars)
1929
Structures and equipment___________2.8
Structures_____________________1.3
Equipment____________________1.5
1940
2.8
1.4
1.4
1941
2.9
1.4
1.5
19551
5.5
1.8
3.7
Net asset values, average for the year, at
constant cost (billions of 1947 dollars)
Structures and equipment ___________ 44. 4
40. 2
41. 5
73. 9
Structures_____________________30.7
Equipment____________________13.7
27.9
12.3
28.5
13.0
38.8
35.1
Inventories________._______________17.8
19.6
22.3
36.5
Structures, equipment, & inventories. 62.2
59.8
63.7
110.4
Man-hours 2 (billions) _________________ 24. 0
21.6
27. 4
33. 7
Persons engaged in production ^(millions)
11. 0
13. 3
16. 8
10. 6
1. The capital figures cover Government -owned assets in privately operated establishmenst
and Government surplus assets valued on the basis of their original cost rather than subsequent
resale value.
2. Excludes unpaid family workers.
Net assets at constant cost (average for the year) showed
the same basic pattern over time as depreciation, but with
less growth throughout, both in total and for the structure
component. Equipment assets beahved very similarly to
equipment depreciation. The net value of privately operated fixed assets increased two-thirds between 1929 and 1955.
The smaller growth of net assets than of depreciation is
traceable to two sources. First, the relative increase in the
net asset value of structures has been smaller than that in
their depreciation. The store of structure services available
for future use in 1955 was about 25 percent higher than in
1929, in terms of the measure presented in this study, but
the amount of structure services used up was 35 percent
higher. In other words, the average age of structures is
higher now than it was in 1929.
Secondly, structure assets have increased less than
equipment assets. Because structures have a greater importance relative to equipment in net assets than they have
in depreciation, this smaller expansion in structures results
in total net assets growing less than total depreciation. The
greater weight of structures in net assets is due to the fact
that structure assets have generally a longer life than equipment assets. Thus, a dollar of structure assets gives rise to
a smaller annual depreciation charge than does a dollar of
equipment assets. Even if the asset measure had shown the
same increase as the depreciation measure for structures and
SUEVEY OF CURRENT BUSINESS
16
equipment separately, this weighting difference would give
the combined measures different movements.
For our measure of labor, we have used the number of
man-hours worked in manufacturing establishments, including the man-hours of entrepreneurs. Man-hours were computed as the product of average hours worked, derived largely
from data of the Bureau of Labor Statistics, and the number
of persons engaged in production, as estimated in the framework of national income and product statistics.
Manufacturing Establishments
Increase from 1929 to 1955 in ManHours, Physical Capital, and Production
MAN-HOURS
PHYSICAL
CAPITAL
U. S. Department of Commerce, Office of Business Economics
PRODUCTION
56-40-9
November 1956
Trends in Manufacturing Capital Per Unit of Labor, 1929-55
Use of fixed capital services (depreciation) per
man-hour (Index 1929 = 100)
Structures and equipment
Structures
Equipment
Store of fixed capital services (average net
assets) per man-hour (Index 1929 = 100)
Structures and equipment
Structures
Equipment
Average real net investment per person
engaged (thousands of 1947 dollars)
Structures and equipment
Structures
Equipment
Inventories
Structures, equipment, and inventories
1929 1940 1941 1955
100 111 91 140
100 117 94 98
100 107 88 178
100 101
100 101
100 100
4. 2
2.9
1.3
1.7
5. 9
3. 7
2.5
1.1
1.8
5. 4
82 119
81 90
83 183
3. 1
2.1
1.0
1.7
4. 8
4. 4
2.3
2.1
2.2
6. 6
Total fixed capital services per man-hour have grown appreciably, and equipment services per man-hour have undergone a very substantial increase. Both of these trends are
indicated clearly by either measure of capital service. The
behavior of structure services per man-hour over this period
is not so well defined; the depreciation measure shows no
change, while the net asset measure indicates a moderate
decline.
An interesting collateral relationship which can be developed from the data so far presented is the average real net
asset value of privately operated structures and equipment
per person engaged in manufacturing. This figure declined
during the prewar period, but has increased since then, so
that the 1955 amount moderately exceeded that of 1929.
The decreasing trend in the total before World War II was
present in the figures for both structures and equipment per
person. In contrast, equipment per person has contributed
almost all of the recovery in the total since 1940-41. In
this context, it is appropriate to take account of inventories
per person, which increased substantially from 1929 to 1955.
Over this period, the combined total of structures, equipment,
and inventories per person expanded about 10 percent. (All
of the above measurements are in constant dollars. It may
be noted that the average net asset values per person engaged
do not indicate the amounts of real capital required to create
an additional job in a typical manufacturing establishment
in the given years. The latter amounts, being the marginal
gross (undepreciated) asset values per person engaged, could
be expected to be considerably larger.)
Manufacturing production
Certain characteristics of the man-hours series should be
noted. It does not take account of changes in the quality
and intensity of labor, and equal weight is given to all types
of labor, irrespective of its quality and intensity. But unlike
the capital measures, the man-hour estimates represent resources actually engaged in production; the reported hour
series which reflects time paid for has been adjusted to a timeactually-worked basis.
During the prewar period, manufacturing man-hours did
not surpass their 1929 level until 1941, but like capital services, showed large expansion since then (see the text table).
The 1955 figure exceeded that of 1929 by 40 percent. Because of a reduction in average hours worked, the expansion
in persons engaged in manufacturing has been somewhat
more pronounced.
Capital per unit of labor
The change in relationship between capital services and
labor used in privately operated manufacturing establishments over the last quarter century can now be summarized
(see below).
In analyzing the relationships between productive resources and their joint output, the measure of real output we
would wish to employ is the national product originating in
manufacturing, or the value added to output by resources
employed in manufacturing establishments during the year.
This value-added total may be envisaged alternatively as the
sales plus inventory change of manufacturing establishments
less their cost purchases from other industries. This alternative view of the measure is useful, because it is capable of
interpretation in real terms.
A measure of real manufacturing output calculated on this
basis4 is not available for the span of years under examination. Accordingly, the Federal Reserve Board index of
manufacturing production has been used instead. Even
though it departs from the desired measure of output in
several ways which we are about to note, it is believed to
provide a sufficiently close approximation to warrant the
broad inferences that are drawn in this article.
4. A measure of this general type covering the years 1947 and 1949-53 has been prepared by the
Bureau of Labor Statistics; see Trends in Output per Man-Hour and Man-Hours per Unit of
Output—Manufacturing, 19S9-53, U. S. Department of Labor, Bureau of Labor Statistics,
Washington, D. C., 1955.
SURVEY OF CUEEENT BUSINESS
November 1956
First, in the FRB index, the production measures that are
used for the various manufacturing industries refer to gross
output (i.e., sales plus inventory change). There is no
attempt to allow for changes in the volume of purchases from
other industries. In periods in which the ratio of the volume
of gross industry output to the volume of purchases from
other industries changes, the FRB measure will fall short of
being a true indicator of the movement of real output
ascribable to the manufacturing industries. It should be
noted, however, that such empirical studies as have been
made do not indicate that for the manufacturing industries
as a whole this feature of the production index is an important source of bias.
Secondty, the base-year weights used to combine the
several industry measures conform to value-added as defined in the Census of Manufactures. The Census definition
departs from the concept underlying national output measurement mainly in that the deductions for purchases from
other industries are not sufficiently comprehensive. But, as
in connection with the earlier point, there is no indication
that these differences have actually given rise to bias.
More important from a practical standpoint is a third
qualification. The period from which the manufacturing
index weights are derived is shifted from time to time; for
1929 to 1938, 1937 weights were used, for 1948 to date, 1947
is the base year, while the link between 1939 and 1947 is
based on a system of cross-weights derived from these 2
years.
This procedure introduces a degree of noncomparability
into the relation between the production index and our
capital measures which have a 1947 base throughout.
17
Ordinarily, one would expect that the use of the earlier bases
would result in the index showing more increase in output
than if the 1947 weights had been used exclusively. This is
confirmed in part by the fact that the index of manufacturing
output would show 3 percent less increase between 1939 and
1947 if the 1947 weights had been used for this period instead
of the cross-weights.5
It may also be noted that the FRB index, like the other
measures discussed in this study, does not take comprehensive account of the quality changes that have occurred in
products over time. Finally, in addition to the output of
privately operated manufacturing establishments, it covers
that of Government-operated shipyards arid arsenals.
However, for the comparisons made in this study, the effect,
of the inclusion of Government-operated manufacturingestablishments on the index is negligible.
Labor and capital per unit of output
Unit labor requirements have decreased greatly over the
period covered in this study. This can be seen by comparing the production and labor figures in the next text table
and in the chart on p. 16. These figures indicate a decline
of about two-fifths in man-hours per unit of production
from 1929 to 1955. The decrease was evident in the prewar period as well as in the years since then. By 1941,
unit man-hour requirements had decreased about one-fourth
from 1929.
5. Census of Manufactures; 1947, Indexes of Production. U. S. Department of Commerce,
Bureau of the Census, and Board of Governors of the Federal Reserve System, Washington,
D. C., 1952, page 4.
Property Income Before Tax as a Percent of
National Income Originating in Manufacturing
PERCENT
40
30
-
20
BASED ON CURRENT VALUE
DEPRECIATION
10
BASED ON BOOK VALUE
DEPRECIATION
-10
-20
I
1925
U. S. Department of Co
404787°— 56 - 3
i
I
i
1930
i
i
i
i
1935
erce, Office of Business Economics
I
1940
1945
1950
1955
I960
SUEVEY OF CURRENT BUSINESS
18
Trends in Manufacturing Production, Labor,
and Capital Services, 1929-55
1940
1941 1955
Production:
114
152
Labor:
Man-hours
Persons engaged in production
90
104
114 140
126 159
Capital services:
Depreciation
Structures and equipment
Structures
Equipment
100
105
96
103 197
107 137
100 250
91
91
90
110
96
94
93
95
125
103
(Index numbers 1929=100}
Average net assets:
Structures and equipment
Structures
Equipment
Inventories
Structures, equipment, and inventories
243
167
126
257
205
177
1. Index of production of manufactures. Source: Board of Governors of the Federal
Reserve System.
The reduction,it may be emphasized, should not be interpreted as indicating the increasing efficiency of labor per se.
Total output is the joint product of all resources engaged
in production, and cannot be separated into components
each of which is solely attributable to a single factor.
Consequently, the reduction in man-hours per unit of output may be due to more capital, or to capital improved
through technological progress, or to better organization of
production. 6
Capital services per unit of production have also decreased
since 1929 for total fixed capital and for structures, irrespective of the capital service measure adopted (see the
text table). Fixed capital services used up (i. e., depreciation) per unit of production were about four-fifths of their
1929 volume in 1955. Structure services used up declined
to nearly one-half those of 1929. Equipment requirements,
on the other hand, were about unchanged.
Over the same span of years, fixed capital services stored
up (i. e., net assets) per unit of production
dropped to about
two-thirds of their initial magnitude.7 The comparative behavior of structures and equipment separately was similar
November 1956
to that shown by the depreciation measures. Inventories also
declined—about 15 percent—relative to production. The
1955 volume of net capital stock, including inventories, per
unit of production was about three-fourths that of 1929.
The considerations that forbid an interpretation of the
decrease in unit labor requirements entirely in terms of an increased efficiency of labor apply as well to these declines in
unit capital requirements.
Unlike the decrease in labor requirements, that of capital
requirements (both exclusive and inclusive of inventories)
was concentrated in the prewar period, in which structure
and equipment services per unit of output underwent roughly
parallel declines. Further reductions in the structure-output
ratios have occurred since then, but these were offset by
strong increases in equipment services per unit of output.
It may be noted that the trend of capital requirements per
unit of output has been affected significantly by the decline
in average weekly hours worked that has occurred over this
period. Because of this decline, capital resources in 1955 were
utilized a fewer number of hours per week than in 1929. If
the decline in average weekly hours had not occurred, the decreases in capital services per unit of output would have been
even larger than the ones shown.
The decline from 1929 to 1955 in average weekly hours
worked per person engaged in manufacturing is estimated at
more than 10 percent. The percentage reduction that would
apply to our 1955 capital requirement ratios would be somewhat smaller, however, because of the following factors.
First, a reduction in average weekly hours in continuous
process industries has no effect on the utilization of capital
in production. Second, a spread in the practice of working
multiple shifts has acted as an offset, because this practice
increases the utilization of capital resources. Third, if the
persons engaged in manufacturing in 1955 had worked 1929
rather than 1955 average weekly hours, a proportionate increase in output would not necessarily have resulted. Hence,
the decrease in the capital output ratio would also have been
less than proportionate.
Even though the actual utilization of capital has not been
constant over the period 1929-55, nevertheless, for the years
considered, the capital output ratios we have presented reflect
the extent of utilization that is normal, and are therefore
indicative of the changes in capital use per unit of production
under prevailing institutional circumstances.
Distribution of Manufacturing Income
Now that we have described the behavior of the labor and
capital utilized in manufacturing and their relation to each
other and to their joint product, it may be of interest to
examine their relative income shares.
For this purpose the national income originating in manufacturing has been divided into 2 components: labor income,
consisting of compensation of employees plus the estimated
labor element of entrepreneurial income, and property income,
which is made up of net interest paid, corporate profits before
tax, and the remainder of entrepreneurial income, the latter
2 including the inventory valuation adjustment.
6. The Bureau of Labor Statistics has also published estimates of changes in manufacturing man-hours per unit of output. Its figures, which show more decrease over time, were
prepared in a somewhat different conceptual framework. The man-hours of nonproduction
workers were excluded throughout; since these workers have been increasing in importance
relative to production workers, this exclusion goes far towards explaining the greater decrease
in labor requirements reported by the BLS. See note 4.
7. Daniel Creamer has also found evidence of a declining ratio of fixed capital to output in
manufacturing (Capital and Output Trends in Manufacturing Industries, 1880-1948, National
Bureau of Economic Research, New York, N. Y., 1954).
The allocation of the relatively small amount of manufacturing entrepreneurial income between labor and property7
was made in the following way. The sum of proprietors
income and compensation of employees arising in unincorporated enterprises in each of about 20 manufacturing
industries was divided between labor and property income in
proportion to the profits and employee
compensation arising
in corporations in that industry.8 In every case, the resultant unincorporated labor share exceeded the compensation
of employees in unincorporated enterprises, so that the calculated entrepreneurial labor return was never negative.
The calculated return to entrepreneurial property, like corporate profits, was not always positive however.
The result of these calculations, with property income expressed as a percentage of combined labor and property
8. This method is the one recommended by Edward F. Denison in "Income Types and the
Size Distribution", American Economic Review, May 1954, page 256.
SURVEY OF CURRENT BUSINESS
November 1956
income, is shown in column 1 of table 5 and also by the dotted
line in the chart on p. 17. It should be noted that, following
national income definitions, the income shares from which the
percentages of table 5 were calculated are on a before-tax
rather than after-tax basis. The behavior of an after-tax
distribution would be very different, and even though it
cannot be quantified, its general nature will be characterized
further below.
Depreciation adjustment
Business profits, which make up the largest part of property
income, are determined by the deduction from gross receipts
of the costs of doing business, among them being depreciation. Property income is thus dependent in part on the
manner in which depreciation is computed. In estimating
national income, the depreciation deducted is that reported
for tax purposes by business, and is based on the original
cost of the assets being depreciated. If current-year values
of depreciation are substituted for the reported values, a
measure of business profits and of total property income results that is more meaningful in many ways, because all
costs as well as gross receipts are expressed at a uniform
current valuation.
The direction and size over time of the divergence between
original cost and current value depreciation applicable to
manufacturing establishments is indicated by table 2 and
the chart below, which show the ratio of depreciation at
current-year, cost to depreciation at original cost, as com-
19
puted from the estimates developed in this report. A ratio
greater than unity indicates an upward adjustment of reported depreciation and thus a downward adjustment of
income; a ratio of less than unity indicates the reverse.
To convert reported manufacturing depreciation into
current values it must be adjusted upward in all years in
the period 1929-55 save 3 during the trough of the depression, and even in those years the downward adjustment is
less than 10 percent. The size of the adjustment increases
persistently from 1933 to 1948—to a maximum of about 60
percent—because of the almost continuous increase in prices
that occurred during these years. With prices considerably
more stable thereafter, the prices underlying book value
depreciation gradually catch up with current year prices,
and the ratio of current to original cost tends to decline.9
The adjusted estimates of manufacturing income are shown
in column 2 of table 5 and by the solid line of the chart on
p. 17. To achieve greater comparability and to make the
measures economically more meaningful, two other adjustments additional to the valuation adjustment of depreciation
were made: The reported Internal Revenue Service depreciation and income data were adjusted to remove the effects of
9. It can also be seen that while the adjustments for structures and equipment separately
have followed very similar patterns, the degree to which original cost depreciation has fallen
short of current cost has been far greater for structures than for equipment. This has been
the result of three factors. First, structure prices have risen more than equipment prices.
Second, structures have a longer useful life than equipment, which means a greater average
age at any time for structure'assets, other things being equal. Thus, with a given annual
rate of price increase, the discrepancy between current prices and the prices prevailing in the
year of installation will be greater for the average structure asset than for the average equipment asset. Third, the declining relative importance of outlays for structures has increased
the average age of structures relative to that of equipment.
Manufacturing Depreciation
Ratio of Current Year Cost to Original Cost
RATIO
(ratio s c a l e )
2.25
2.00
~
1.75
-
STRUCTURES AND
EQUIPMENT
1.50
1.25
-
-
1.00
.75
1925
1930
U. S. Department of Commerce, Office of Business Economics
1935
1940
1945
1950
1955
I960
SURVEY OF CURRENT BUSINESS
20
rapid amortization and of the practice
of charging certain
capital outlays to current expense.10
The adjusted estimates indicate a somewhat different
distribution of income than that shown by the unadjusted
series. Except for the lowest years of the great depression,
and the later years of World War II, the combined effect of
these adjustments was to lower the relative share of manufacturing income accruing to property. However, it may be
noted that the adjustments do not affect the long-term trend
of the series: they lower it by 2 to 3 percentage points both
in 1929 and in recent years. Even though the adjustment is
only a small percent of national income originating in manufacturing, the absolute amounts of money involved are
substantial—-about $2 billion, an amount that is obviously
significant from the standpoint of the financial position of
the manufacturing enterprises whose assets are involved.
Trend of income shares
An analysis of the long-term trend of the labor and property shares in manufacturing is handicapped by the fact that
the labor share refers to manufacturing establishments,
whereas the bulk of the property share (corporate profits and
interest) refers to companies classified in the manufacturing
group for Federal income tax purposes. Accordingly, the
Table 5.—Property Income as a Percent of National Income Originating in Manufacturing, 1929-55
Based on
Based on
book value current value
depreciation depreciation
Year
or
]()29
1930
1931
1932
1933 .
23
11
— 10
0
_
1934
1935
1936
1937
1938
23
22
11
—8
—6
9
16
21
21
16
9
16
20
20
15
19
26
30
28
26
18
25
29
28
26
1948
24
21
19
23
27
25
22
17
21
24
1949
1950
1951
1952. _
1953
26
29
29
24
23
23
26
26
22
21
21
24
19
22
.
1939
1940
1941
1942__
1943
1944
1945
1940
1947._ _ _
_
_ _
_ _
_
_
^ -
1954
1955
Source: U. S. Department of Commerce, Office of Business Economics.
property income figures include nonmanufacturing establishments of companies classified under manufacturing, and
conversely exclude manufacturing establishments of companies classified hi nonmanufacturing because their major
activities fall outside of the manufacturing industries. This
noncomparability in the basis of classification of the 2 shares
assumes added importance owing to the fact that the degree
of consolidation of corporate reports permitted for tax
purposes has varied significantly over the period under
analysis.
10. The adjustments in the years 1929-40 reflect almost entirely the depreciation valuation
adjustment. Beginning in 1941, the upward adjustment in property income because of rapid
amortization tends to offset the depreciation revaluation, and because of its increasing importance through 1945, the net effect is up in 1944 and 1945. From 1946 to 1951 the amortization adjustment changes direction and works to decrease property income, thus reinforcing
the effect of the depreciation revaluation, although the latter is quantitatively much the more
important. Again in 1952, as in 1941, the advent of rapid amortization mitigates the downward depreciation valuation adjustment, but through 1955 the net adjustment has continued
to diminish the relative share of manufacturing property income. The adjustment of income
account of capital outlays charged to current expense proved to be insignificant.
Digitized for on
FRASER
November 1956
The estimates developed in this report permit the comparison of the net capital assets of manufacturing establishments
with those of manufacturing companies, and information is
available on the assets involved in the shifts in industrial
classification due to changes in the tax law relating to consolidation. This material is not sufficient to permit an
adjustment of the annual income shares to a consistant basis,
because the stable relation between assets and earnings
which would be necessary to justify such an adjustment does
not in fact exist. It may, however, provide an order of
magnitude which can be used to interpret the long-term
movement of the unadjusted figures.
Without adjustment, the relative before-tax shares of labor
and property have not shown any clear-cut trend since 1929,
although they have fluctuated markedly with the ups and
downs of business. The same approximate stability of
before-tax shares is indicated if the comparison is broadened
to incorporate (less reliable) data that are available for the
prosperous years of the late twenties.
Application of the ratio of establishment assets to company
assets and the ratio of uiicoiisolidated company assets to
consolidated company assets would lower the 1929 property
share of income more than it would lower this share for recent
years. The property share for the average of the postwar
years would be raised thereby approximately one percentage
point in relation to the 1929 share. It may be noted, incidentally, that this probably represents a maximum adjustment: it appears that the return on manufacturing assets is
higher on the average than that on nonmanufacturing assets;
accordingly, a given shift in the asset ratios would call for
a less than proportionate adjustment of profits.
Even if we make allowance for an adjustment of this order
of magnitude, a clear-cut upward trend in the before-tax
property income share does not emerge. In contrast, a
moderate upward trend is definitely discernible in the ratio
of privately owned net capital assets to man-hours (but not
to persons engaged). However, in view of the approximate
nature of the data, and of the difficulties involved in isolating
long-term trends in series that are subject to such large
cyclical and random variations, it would not be safe, in our
judgment, to underscore this difference.
After-tax shares
In conclusion it should be noted that the shares of manufacturing income that have been analyzed are intended as
approximations of the distribution, between labor and property resources, of income as it emerges from production.
They do not represent the incomes of actual groups of people:
many persons receive both labor and property incomes; nor
are the recipients of property income from manufacturing
typically limited to the receipt of manufacturing property
income alone. Moreover, the distribution estimates are not
adapted to a comparison of net benefits derivable from labor
and property ownership, because they do not reflect the
relative impact of price levels, income taxes, and government
benefits upon the 2 sources of livelihood, or changes in this
impact over time.
In particular, incomes before taxes, as they emerge from
production, have been greatly modified over the period under
analysis by the impact of taxes upon them. For instance,
corporate taxes, which took about one-eighth of corporate
profits in manufacturing in 1929, rose to more than one-half
of such profits in 1955. A substantial increase in taxes impinging upon the labor share has also occurred, but there can
be no doubt that this increase has been less pronounced than
the one affecting property incomes. An after-tax distribution of labor and property shares in manufacturing cannot
be calculated, largely because of statistical difficulties, but
it is apparent that such a distribution would indicate a shift
in favor of the labor share over the period from 1929 to 1955.
BUSINESS STATISTICS
J_ HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SUKVEY OF
CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier years
back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Series
added or significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f), respectively. Except
as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
[Averages for the year 1955 are provided in the July 1956 issue of the SURVEY]
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:f
National income, total
bil. of doL-
328.3
334.4
334. 9
338.7
Compensation of employees, total
do
Washes and salaries, total
__
do
Private
___do
Military
do
Government civilian
do
Supplements to wages and salaries
do
226 8
213 6
177.5
98
26 4
13 2
230 3
217 0
180.5
9 7
26 8
13 3
233
219
182.
9
27
13
0
4
5
6
3
6
237 2
223.5
186. 2
9.5
27 8
13.8
240 4
226.2
188.3
9. 5
28 5
14.2
49
27
11
10
49
28
11
9
3
0
4
8
49
28
11
9
5
2
5
8
49.9
28 9
11.3
9 7
50.7
29 5
11.6
9 7
41 6
43 5
22.0
21 5
—1.9
11 0
43 4
46 4
23.4
23 0
—3.0
11 3
40
43
22
21
—2
11
9
7
1
6
8
5
39.8
42.9
21.7
21.3
-3.1
11 7
12 0
Proprietors' and rental income, totalcf
do
Business and professional cf
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax, total
do
Corporate profits tax liability
_
do _
Corporate profits after tax
do
Inventory valuation adjustment _ _
do
Net interest
do
0
7
3
0
_
Q
do
396 8
401 9
403 4
408.3
413 8
do
do
do
do
257 8
37.2
127 6
92 9
259 5
35.4
129 2
94 9
261
34
130
96
7
8
5
4
263.7
33.4
132 3
98.0
266
33
134
99
Gross private domestic investment, total . do
New construction
do
Producers' durable equipment
- ._. do
Change in business inventories
do
62.3
33 5
25.0
37
65.1
33 0
25.9
61
63 1
32 6
26. 4
4 1
r
64. 7
r
.2
— 8
76. 5
46.6
41 3
78 5
46.4
40 5
32 1
78. 7
46.1
40 7
32 6
80
47
41
33
Gross national product, total
Personal consumption expenditures, total
Durable goods
_ ._
Nondurable goods
Services _ -
Net foreign investment
do
Government purchases of goods and services, total
bil of dol
Federal (less Government sales) . _ _ .
do
National security 9
do
33 6
27.5 _ . _
35
r
8
0
0
7
65 1
33 6
29.5
20
.
1 7
12
do
29. 9
78. 1
47.2
40 6
30 9
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
do
do
do
309 6
35.9
273 8
314 6
36.3
278 4
317 5
37 3
280 2
322 9
38.1
284 9
327 0
38 8
288 2
Personal saving §
do
15.9
18.8
18 6
21.2
21 4
State and local
_
___
.
2
2
9
0
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates :f
Total personal income
bil of dol
Wage and salary disbursements, total
do
Commodity-producing industries __ _ . _ do
Distributive industries
- _- do
Service industries
do
Government
do
Other labor income
_ _
do
Proprietors' and rental income
.__
_ do _
Personal interest income and dividends
do
Transfer payments
_ __
___
do
Less personal contributions for social insurance
bil. of dol- -
311 0
311 6
314 5
317 5
316 7
317 1
318 6
321 7
322 8
324 9
324. 3
214.7
92.8
56.9
28. 7
36.3
215. 3
93.3
56.7
28 9
36.4
217.2
94.2
57.3
29 3
36 4
218.2
94.5
57.6
29 4
36.7
219.0
94.8
57.9
29 5
36 8
218.9
94.7
57.9
29 5
36 8
220 3
95. 1
58.4
29 6
37 2
222.9
96.8
59. 1
29 8
37 2
223. 2
96.8
59. 1
30 0
37 3
225.2
97.5
59.9
30 2
37.6
224.0
95.9
59.9
30 4
37.8
7.2
49.4
27.6
17.4
7.2
49.1
27.9
17.4
7. 2
49.6
28 1
17. 7
7 3
49.2
30 2
18.0
7 3
49.4
28 5
18. 2
7 2
49. 7
28 7
18.3
7 2
49. 5
28 8
18.5
7 2
49. 7
29 1
18.6
7 2
50. 1
29 4
18. 7
7.3
50.0
29 6
18.6
7.3
50.5
29.7
18.6
5.3
5.3
5.3
5.4
5.7
5.7
5.7
5.8
5.8
5.8
5.8
r
328. 1
328 5
227.1
98.3
60.3
30.6
37.9
227 7
98. 5
60 3
30 8
38 1
7.3
51.0
29 8
18.8
7 3
50 7
30 0
18.7
5.9
5.9
r
302. 8
295.9
296. 9
299.4
Total nonagricultural income.
do
309.4 r 312. 8
301.6
301.5
304. 0
306.8
313.4
307.6
310.3
r
Revised.
fRevised series. Estimates of national income and product and personal income have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY); for data prior to 1952, see the 1954
NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
SURVEY OF CUERENT BUSINESS
S-2
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:cf
All industries
1
9, 587
7,449
8,398
7,462
8,880
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
2,899
1,378
1,521
3,499
1,718
1,781
2.958
1,462
1,496
3,734
1,862
1,872
4,270
2. 167
2, 103
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
do
do
do
do
do
248
215
401
1,174
2,512
288
312
421
1,238
2,640
262
297
396
936
2 613
319
325
423
1,199
2,880
338
340
467
1,475
2,697
29.65
31.45
32.82
34.49
mil. of dol
Seasonally adjusted quarterly totals at annual rates :cf
All industries
bil of dol
1
36. 26
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
11 97
5.77
6 20
12.48
6.00
6 48
13 45
6.57
6.88
14. 65
7.38
7.27
15.82
8.17
7 65
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
do
do
do
do
do
99
.96
1 60
4.43
9 70
1.08
1.17
1.70
4.48
10. 54
1 13
1.25
1.65
4.56
10.78
1.28
1.22
1.63
4.61
11.10
1 32
1.32
1.85
5.20
10.75
FARM INCOME AND MARKETINGS J
Cash receipts from farming, including Government
payments, total
mil. of dol
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:
\11 commodities
1947-49=100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49—100
Crops
do
Livestock and products
do
3,056
3,448
3,248
2,772
2,530
1,972
1,837
1,883
2,038
2,091
2,336
2,715
f 3, 148
3,043
1,666
1,377
332
738
290
3,433
1, 913
1,520
339
836
325
3, 227
1,821
1,406
322
744
323
2,743
1, 485
1, 258
350
584
307
2,491
1.212
1,279
364
630
265
1,945
765
1,180
346
580
234
1,816
564
1,252
376
591
267
1,866
578
1,288
381
622
258
2,022
627
1,395
420
676
268
2,077
779
1,298
411
617
241
2,298
1,008
1,290
388
632
249
2,672
1,247
1,425
372
785
253
p3, 111
P 1,726
p 1, 385
P355
P746
P268
125
155
101
141
178
112
132
169
103
113
138
92
102
113
94
80
71
87
74
52
92
77
54
95
83
58
102
85
72
95
94
94
95
110
116
105
P128
p 160
p 102
140
163
123
164
195
141
157
182
139
132
141
125
122
117
126
97
72
116
89
46
122
88
44
122
93
45
129
96
64
121
112
101
120
124
117
129
P144
P 168
P126
INDUSTRIAL PRODUCTION
Federal Peserve Index of Physical Volume
Unadjusted, combined index
Manufactures
Durable manufactures
Primarv metals 9
Steel
Primary nonferrous metals
Metal fabricating (incl ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery .
Transportation equipment 9
Autos
_
Trucks
Aircraft and parts
Instruments and related products
Furniture and
fixtures
Lumber and products
Stone clay and glass products
Miscellaneous manufactures
Nondurable manufactures
Food and beverage manufactures
Food manufactures 9
M^eat products
Bakery products
Beverages
Th
f t
Textile-mill products 9
Cotton and synthetic fabrics
Wool textiles
142
147
145
142
143
144
143
144
141
141
128
142
'146
p 150
do
_do__
do. .
do
do
144
157
143
150
173
150
164
149
154
171
148
163
149
156
173
143
161
147
154
175
144
160
151
159
173
146
161
152
159
' 177
145
161
152
160
r
182
146
162
r
152
159
'185
142
157
144
154
181
142
156
140
146
179
129
139
62
24
172
143
155
118
119
143
'147
'162
'145
158
•P 152
P 168
•p 149
do
do
do
do
_do. _
165
142
161
137
207
173
145
169
141
223
174
139
164
141
208
173
137
164
147
197
172
135
167
149
201
172
134
'171
134
168
154
196
174
136
172
154
206
167
130
167
151
198
166
132
165
150
195
160
124
157
146
178
168
135
168
152
200
r 167
' 172
'143
' 175
' 152
'220
p ISO
P 147
* 181
p 1,52
p 230
202
163
130
513
161
122
119
153
142
201
162
'133
516
164
119
126
158
141
190
127
117
522
164
116
125
162
140
189
127
123
536
164
118
129
163
141
187
127
'99
543
162
115
116
156
135
188
'109
101
563
168
123
135
164
145
'182
59
98
578
'173
' 125
' 134
' 158
P 199
130
104
102
136
94
'108
105
105
110
115
85
129
' 106
103
131
95
'117
111
103
108
112
89
127
107
105
121
97
'119
108
110
106
109
90
127
114
110
122
99
128
119
115
100
99
90
119
113
111
118
99
123
107
96
86
87
76
1947-49=100--
_
do
-do ._
do
do
do
do
do
do
-do - _
do
do
do
do
do
do
"
_.
do
do
-do_
do
T
185
130
102
r
485
155
127
136
158
149
200
153
106
490
158
128
138
161
154
216
212
122
500
159
128
124
157
152
214
193
122
516
161
128
113
153
149
206
173
113
517
160
122
116
150
141
205
164
125
521
161
123
121
150
145
130
122
125
129
99
111
102
107
106
111
80
135
124
125
143
100
118
117
114
112
117
85
132
114
118
150
99
102
105
107
111
118
83
125
105
109
152
99
91
88
88
105
110
80
128
102
106
153
95
'88
84
107
111
119
83
131
102
104
140
95
'97
94
105
115
123
84
r
r
'146
'209
131
122
122
116
98 1
118
101
115
103
104
92
' 151
' 133
127
130
129
98
~~~M76~
T> 1 2f>
p 131
p 163
p 155
p 136
103
101
87
116
108
95
111
114
109
124
120
107
117
117
117
111
100
90
' 108
106
99
112
120
109
102
99
109
107
144
163
163
165
160
160
162
163
146
157
159
157
167
161
143
160
162
163
163
161
144
158
156
158
150
129
130
133
125
134
134
132
128
126
130
135
135
131
173
'165
171
176
176
179
179
179
177
177
178
176
171
' 192
197
186
193
'181
200
201
201
197
199
197
192
190
142
132
142
135
137
P 140
' 144
142
143
141
143
140
136
138
149
151
151
142
144
148
151
148
152
154
143
148
141
123
103
127
129
140
146
140
149
••138
155
150
144 I
Rnhb r nrnrhifts
do
l
i- Revised.
p Preliminary.
Estimates based on anticif ated capi tal expenc itures of I)usiness; 1 hose for t le 4th qua rter of 19,)6 appear on p. 4 of the Septe mber 1956 SURVEY.
cf Historical data (annual totals, 1939 and 1945-55; cLuarterly, unadj. an d seasona ly adj. at annual nites, 1947-55) appeal•• on pp. 6 and 7 of 1,he June 1 956 SURV EY.
9 Includes data not shown separately.
JRevised series. Annual estimates beginning 1910 and monthily data fo r the perk)d Jarmar y 1 952-D ecember 19 55 for casr receipts have beeri revised 1,o take int o account recent information
Inc exes of ca sh receipt s and vol urne of m arketings (annuals, 1910-55; rnonthly, beginning
on production, disposition, and price; unpublished dat a (prior t o^June 19 55) will b } shown 1ater.
T
January
1947) have been revised to reflect adoption of the 1947-49=100 b ase period ; for the ^ olume in dex, also wider cov erage and use of ne w price w eights. 1Jnpublish ed indexes (prior to
May 1955) will be shown later.
\pparel and allied products
Leather and products
Paper and allied products
Pulp and paper
Printing and publishing
Chemicals and allied products
Industrial chemicals
Petroleum and coal products
do
do
do
do
do
do
do
do
SUEVEY OF CURRENT BUSINESS
November 1956
S-3
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
Novem- DecemTr October
ber
ber
S
January
February
March
April
May
June
July
October
August September
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume — Con.
Unadjusted index— Continued
Minerals „
1947-49=100
Coal
do..
Crude oil and natural gas
do
Metal mining
do
Stone and earth minerals
do
126
83
142
141
141
Seasonally adjusted, combined index
do
do
do _.
do
127
91
151
83
129
129
91
153
87
124
127
88
151
91
126
127
86
151
91
128
130
86
151
119
138
143
144
143
143
141
145
161
149
146
161
150
145
160
148
144
158
148
142
156
145
173
142
164
143
205
172
139
162
143
198
172
138
163
144
199
170
136
164
146
197
168
134
162
147
192
205
155
125
127
155
145
208
156
124
130
153
145
212
158
123
124
156
145
212
159
123
126
154
146
205
160
122
128
154
144
127
88
143
136
139
r 127
142
143
144
160
146
145
161
148
do
do
do
. _._do
do
170
141
161
141
199
Transportation equipment
__ . ..do
Instruments and related products
do
Furni ture and
fixtures
_ _ - do
Lumber and products
do
Stone, clay, and glass products
_ do
Miscellaneous manufactures _ _ _ do
Manufactures
Durable manufactures. _ _ _
Primary metals
_
-
_
Metal fabricating fincl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
87
147
105
135
»• 131
91
142
••145
v 145
144
158
124
' 147
'164
••148
P 147
P165
P 148
'176
142
176
157
'212
P178
p 144
p 176
p 156
P217
195
171
124
129
'160
148
'T 198
173
r
124
r
126
' 154
146
P202
P 175
P 121
p 124
p 155
»14()
127
110
105
100
112
104
'129
' 112
102
102
112
p
102
129
112
P130
131
84
148
142
149
119
62
149
72
147
143
141
141
136
144
159
* 146
143
157
141
143
157
' 138
137
147
68
r
r
166
132
162
147
191
171
135
171
151
208
167
130
168
149
206
168
132
168
149
205
169
129
172
152
210
r
!72
r
134
'174
M55
211
r
202
161
120
124
155
143
197
160
120
121
156
141
' 193
163
121
122
158
142
186
164
121
121
162
145
190
164
123
123
161
145
190
167
124
125
160
145
T
129
' 114
107
106
1C9
106
128
' 111
110
103
111
104
128
111
108
101
112
102
Nondurable manufactures
.
Food and beverage manufactures
Tobacco manufactures.-.
.._
Textile-mill products
Apparel and allied products
Leather and products
do __
do
do
do
do
do
128
108
100
107
116
104
129
111
105
109
116
105
130
112
104
110
117
101
130
113
107
109
116
108
129
111
109
108
113
108
130
112
107
109
114
112
^128
111
107
106
108
105
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber products
do
do .
do
-do. .
do
157
130
173
135
142
156
131
171
137
147
157
130
173
139
147
159
128
175
141
144
159
130
173
142
147
157
130
174
143
140
157
129
174
144
135
160
131
178
139
137
160
132
179
140
131
161
132
178
142
122
162
133
179
132
117
163
134
176
' 139
' 132
123
80
' 142
119
133
123
80
143
120
131
125
80
147
114
134
129
87
151
112
135
131
87
153
121
137
131
88
151
121
138
130
86
151
120
139
130
86
151
118
139
129
89
149
118
138
130
90
148
117
143
122
77
149
60
142
128
87
150
100
138
1947-49=100
136
146
159
148
144
143
143
141
124
124
117
do
do
do
do
do. _
do
do
145
130
159
124
151
289
115
157
153
162
127
145
315
120
177
212
150
124
131
279
117
165
193
142
125
130
224
111
159
173
150
120
148
239
109
157
164
153
123
156
233
110
157
163
155
121
168
218
108
154
162
150
117
162
209
109
131
127
136
113
143
184
109
130
127
134
112
143
174
109
121
127
»•r 117
105
do
154
152
151
149
143
137
133
132
124
124
129
r
do
-do
- - do
do
_ do
do
do
172
195
156
123
147
r
250
111
168
194
148
121
137
259
114
167
196
143
121
134
235
114
163
187
144
121
143
216
114
156
171
146
120
150
207
113
148
158
141
119
146
194
111
143
148
141
117
150
186
109
142
142
144
116
149
207
110
130
119
142
117
141
218
110
130
120
' 141
115
138
220
110
137
122
153
118
' 161
233
110
r
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
_-
do
do
- .. do_.
__ do_ .
-- do
..
v 132
*>93
P 147
130
87
150
120
'149
130
85
149
139
142
r
146
142
151
104
115
158
133
178
143
p 138
T
128
87
' 146
p 128
85
P 147
!20
'112
p 132
' 123
109
r
137
117
122
238
' 115
'110
59
156
123
p 136
P 105
r
CONSUMER DURABLES OUTPUT
Unadjusted, total output
Major consumer durables
Autos
Major household goods
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
Seasonally adjusted total output
Major consumer durables
Autos
_ _Major household goods
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
r
' 125
130
106
265
116
p 121
127
127
» 128
134
125
144
121
136
232
r
133
119
149
123
p 134
p 118
r
r
T
113
r
231
113
p 115
BUSINESS SALES AND INVENTORIES §
Manufacturing and trade sales (seas, adj.), total
bil. ofdoL.
Manufacturing, total
Durable-goods industries
Nondurable-goods industries
.
Wholesale trade total
Durable-goods establishments ...
Nondurable-goods establishments
Retail trade total
Durable -goods stores
Nondurable-goods stores
-
53.1
52.5
53.2
53.2
52.9
52.9
53.1
53.2
54.4
54.3
52.7
'54.5
54.0
- do._
do
do
27.2
13.7
13.5
26.6
13.3
13.4
27.3
13.7
13.6
27.3
13.7
13.6
27.0
13.6
13.4
27.2
13.6
13.6
27.1
13.3
13.8
27.2
13.5
13.7
27.8
13.8
14.0
27.7
13.9
13.8
26.2
12.6
13.5
r
r
T
27.6
13 7
14.0
27.7
13 7
14.0
do
do
_ do
10.0
3.4
6.6
10.1
3.4
6.7
10.1
3.4
6.6
10.1
3.4
6.7
10.2
3.5
6.7
10.4
3.5
6.9
10.3
3.5
6.8
10.4
3.6
6.8
10.7
3.7
7.0
10.6
3.7
6.9
10.5
3.6
6.9
10.6
3. 6
7.0
10 3
3.5
68
do
do
do
15.8
5.8
10.0
15.8
5.8
10.0
15.8
5.7
10.1
15.8
5.7
10.1
15.7
5.5
10.2
15.3
5.4
10.0
15.7
5.4
10.3
15.5
5.3
10.2
15.9
5.4
10. 5
16.0
5.5
10.5
16.0
5.5
10.5
* 16 3
5.5
10.7
16 0
5.3
10 7
Manufacturing and trade inventories, book value, end
of month (seas adj ) total
bil of dol
Manufacturing, total
Durable-goods industries
Nondurable-goods industries
Wholesale trade, total
Durable-goods establishments..
Nondurable-goods establishments
_ _
80.0
80.9
81 6
82 1
82 8
83 6
83 8
84 5
85 1
85 6
85 8
T
86 1
86 4
do
do
do
44.7
25.2
19.5
45.4
25.7
19.7
45.7
26.1
19.6
45.9
26.3
19.6
46.3
26.6
19.7
46.9
27.0
19.9
47.4
27.4
20.0
48.0
27.7
20.2
48.6
28.1
20.4
49.1
28.2
20.9
49.2
28.2
21.1
M9 5
'•28.2
r 21 4
50 1
28.7
21 4
do
do ..
do
12.0
6.1
5.9
12.2
6.2
6.0
12.3
6.3
6.0
12.3
6.4
5.9
12.4
6.4
6.0
12.5
6.4
60
12.6
6.5
6. 1
12.6
6.5
6. 1
12.7
6.5
6.1
12.7
6.6
6.1
12.8
6.6
6.2
12.8
6.6
6 2
12 9
6.7
62
23.9
11.1
12.8
23.9
11.0
12.9
23.8
10.8
13.1
23.8
10.7
13.2
23 7
10.5
13.3
23 4
10 3
13.2
23.2
24.1
23.3
24.2
23.6
23.8
23.9
Retail trade, total
do
11.2
11.2
10.7
10.7
11.4
11.0
H.5
Durable-goods stores
do
12.5
12.6
12.7
12.6
12.7
12.7
12.6
Nondurable-eoods stores
do
r
Revised.
p Preliminary.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data
data for manufacturing are shown on p. S-4; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.
r
for all types of producers, both farm and nonfarm. Unadjusted
SUEVEY OF CUKEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
August
Septem- October
ber
June
July
24, 122 ' 27, 861 27,779
11, 304 * 13, 428 13, 386
2,342
1,063 rT 1, 927
1,525
1,271
1, 547
3 487 r 3 845 3 994
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES.
AND ORDERS
Sales, value (unadjusted), total
mil of dol
Durable- goods industries total
do
Primary metal
do
Fabricated metal
do
IVTachinerv (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. of dol
Lumber and furniture
do
Stone clay and glass
do
Other durable-goods industries
do
Nondurable-goods industries total
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
-
do
do
do
do
do
do
- do
do
do
Sales value (seas adj ) total
do
Durable-goods industries total
do
Primary metal
do
Fabricated metal
do
IVTachmery (including electrical)
do
Transportation equipment
(including motor
vehicles)
mil.ofdolLumber and furniture -_ - -_
do .
Stone, clay, and glass
do
Other durable-goods industries
do
Nondurable-goods industries, total
Food and beverage
Tobacco
Textile
Paper
Chemical
_ _
_ _ _ _ _
Petroleum and coal
Rubber
Other nondurable-goods industries
do
do
do
do
do
do
do
do
do
Inventories, end of month:
Book value (unadjusted) total
do
Durable-goods industries, total
do
Primary metal
_
do
Fabricated metal
do
ATachinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. ofdol.
Lumber and furniture
do
Stone clay and glass
do
Other durable-goods industries
do
By stages of fabrication:
Purchased materials
bil of dol
floods in process
do
Finished goods
do
Nondurable-goods industries total
mil
Food and beverage -_ _ - - Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
By stages of fabrication:
Purchased materials
bil.
Ooods in process
Finished goods
of dol
do _
do
do
do
do
do
do
do
of dol-do
do
Inventories, end of month:
Book value (seas adj ) total
mil of dol
Durable-goods industries total
do
Primary metal
do
Fabricated metal
do- _
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil of dol
Lumber and furniture
do
Stone clav and glass
do
Other durable-goods industries
do
By stages of fabrication:
Purchased materials
bil of dol
Ooods in process
do
Finished goods
do
Nondurable-goods industries, total
mil. of dol
Food and beverage
do
Tobacco
do
Textile
_.
do
Paper
do
Chemical
do
Petroleum and coal
do
Rubber
do
Other nondurable-goods industries
do
By stages of fabrication:
Purchased materials
bil. ofdol-Cloods in process
_
_ do_ _ _
Finished goods
do
'Revised.
27, ,596
13 502
2,353
1,536
3 535
27, 830
13 656
2,369
1 548
3 577
27, 292
13 723
2,390
1,381
3 473
26, 967
13 716
2,433
1,306
3 777
26, 363
13 112
2,428
1,343
3 503
26, 536
13 301
2,393
1,342
3 652
28, 505
14 290
2,607
1,427
3 949
27, 370
13 944
2, 493
1 434
3 876
27, 830
14 069
2,502
1 441
3 957
27, 727
14 235
2,571
1,484
4 057
2,956
1,285
730
1, 107
3,087
1 188
738
1, 149
3,633
1, 133
668
1,045
3,529
1,045
613
1,013
3,166
1,050
560
1,062
3,169
1,101
602
1,042
3,313
1,190
696
1,108
3. 257
1 138
698
1,048
3,181
1,185
738
1,065
3,119
1,167
735
1,102
13, 569
4,084
334
1,221
886
1,919
2,454
443
2,228
13, 251
4,016
327
1,115
838
1,801
2,695
447
2,012
13 235
3,977
304
1,090
877
1,887
2,440
423
2,237
14 215
4,229
313
1, 168
938
2,059
2,618
460
2 430
13 426
4,040
320
1,056
902
2,052
2,424
458
2 174
13, 761
4,322
367
1,046
912
2, 107
2, 501
459
2 047
13, 492
4,299
337
1,056
889
1,991
2,501
473
1,946
27 814
13, 754
2,472
1,486
3 935
27, 651
13, 850
2,533
1,484
3,923
26 158
12, 627
1,224
1,382
4 032
3,058
1, 152
689
1,090
14,094
4,419
338
1,244
879
2,058
2,346
451
2,359
14, 174
4,352
320
1,246
921
2,040
2, 362
483
2 450
13 251
3,962
306
1,078
883
1,977
2,549
425
2,071
' 2, 875
2,838
1,014
661
970
r 1, 261
'802
1, 171
r
12, 818 r 14, 433
4,077 r 4, 353
^376
355
920 r 1, 176
794 r '907
2, 074
1,847
2,424 r 2, 572
441 r 449
2, 526
1 960
r
27, 632
»• r13, 665
1, 982
r
1, 446
r
4, 022
...
2,493
1,208
727
1,097
14, 39,3
4,554
320
1,221
887
2,084
2,480
_ _
2,415
27, 224
13, 692
2,394
1,436
3,474
26 637
13, 261
2,324
1,382
3 472
27, 343
13, 721
2,393
1,395
3,553
27,289
13,688
2,341
1,375
3,648
27 023
13, 595
2,369
1,399
3 691
27 224
13, 593
2.457
1,413
3 647
27 095
13, 294
2,444
1,385
3 630
27 231
13, 519
2,442
1,434
3 740
3,438
1,236
670
1,044
3, 252
1,131
665
1,035
3,576
1,144
655
1. 005
3,460
1,124
674
1,066
3,194
1,141
659
1, 142
3,137
1,147
684
1,108
3,021
1,102
676
1,036
3,001
1,105
705
1,092
2,972
1, 129
716
1,044
2,971
1,155
693
1,091
13, 532
4, 249
319
1,131
870
2,010
2,346
456
2 151
13, 376
4 104
327
1 112
877
1,939
2,339
447
2 231
13, 622
4 047
327
1, 197
886
2,014
2,479
482
2 190
13, 601
4,095
337
1, 126
873
1,959
2,495
465
2 251
13, 428
4 066
329
1 100
866
1,931
2,475
415
2 246
13, 631
4 180
338
1,124
904
1,940
2, 515
445
2 185
13, 801
4 284
323
1,123
893
1,939
2,567
451
2 221
13, 712
4 245
348
1 123
884
1,970
2,499
445
2 198
14, 060
4 312
346
1,125
931
2,097
2,633
464
2 152
13, 801
4,295
324
1,089
889
2,028
2, 552
450
2 174
13,961 i
13, 531 >• r13, 967
4.396
4 161
4, 251
326
338 T '345
1, 131 ;1
1 082
1, 109
878
>-898
854
2,011 '
1,979 >• 2, 094
2,448 ' 2, 572 2.531 '
436
459
2 252 '
2 210 r2 262
44, 266
24, 901
3,379
2,674
7,996
44, 959
25, 377
3,512
2,617
8,093
45, 317
25, 670
3,600
2,649
8,232
46,123
26, 235
3,603
2,658
8,412
46, 704
26, 726
3,576
2.718
8,700
47,227
27, 149
3, 564
2,803
8,960
47, 674
27, 592
3.524
2,935
9,222
48, 170
27, 955
3,536
2, 962
9,458
48,834
28,446
3, 6,58
3,037
9,655
49,284
28, 521
3,638
3,052
9,771
49, 180
28, 220
3,704
2,943
9,652
6, 066
1,777
887
2 122
6,346
1,806
900
2 103
6,388
1,806
901
2,094
6,624
1,855
956
2, 127
6,749
1,871
985
2 127
6, 860
1,783
1,015
2 164
6, 875
1,792
1,040
2 204
6,877
1,830
1, 053
2 239
6,889
1, 868
1, 057
2 282
6, 795
1,870
1,072
2,323
6,690
1,877
1,067
2 287
7.0
10.2
7.7
7.1
10.5
7.8
7.1
10.6
8.0
7. 1
10.8
8.3
7 2
11.0
8.5
7.3
11.2
8.7
7 4
11.4
8.8
7.4
11.5
9.0
7.6
11.7
9.2
7.9
11.6
9.0
8.0
11.5
8.7
19, 365
4,475
1,728
2,373
1,016
3,063
2,815
830
3,065
19,582
4, 656
1, 777
2,349
1,028
3,101
2,880
848
2,943
19, 647
4,661
1,797
2,377
1,031
3, 142
2,823
888
2,928
19, 888
4, .584
1,867
2,422
1,063
3,280
2,758
943
2,971
19, 978
4,502
1,938
2,460
1, 080
3,300
2,699
963
3,036
20, 078
4,434
1,924
2,477
1,115
3, 377
2,737
999
3,015
20, 082
4,323
1,926
2,506
1, 139
3,406
2,729
1,018
3, 035
20, 215
4,303
1,884
2, 542
1,145
3,434
2,789
1,019
3,099
20, 388
4,238
1,829
2,602
1,144
3,477
2, 856
1,024
3,218
20, 763
4,337
1,785
2,618
1,181
3,545
2,924
1,004
3,369
20, 960
4,492
1,749
2,612
1,213
3,557
3, 041
957
3,339
7.7
3.0
8.6
7.9
3.0
8.7
8.2
2.9
8.5
8.4
2.9
8.6
8.4
3.0
8.6
8.4
3.0
8.7
8.4
3.0
8.7
8 3
3.0
8.9
8.2
3.1
9.1
8.2
3.1
9.4
8.3
3.1
9.5
44 703
25, 182
3, 305
2,757
8, 110
45 356
25, 659
3,426
2,726
8,240
45, 669
26, 050
3, 491
2, 759
8,397
45, 923
26,317
3,494
2,740
8,494
46 299
26, 590
3. 519
2,718
8,678
46 897
27, 009
3, 570
2, 803
8,939
47, 433
27, 432
3,677
2,877
9,094
47^958
27, 723
3,688
2,933
9,292
48,566
28, 123
3,770
2,920
9,523
49, 080
28, 174
3, 718
2,907
9,563
49, 238
28, 179
3,698
2,885
9,654
6, 136
1, 795
914
2, 165
6,331
1,843
947
2, 146
6, 475
1,843
948
2,137
6,603
1,837
956
2,193
6 711
1,871
966
2,127
6, 816
1,783
976
2.122
6,800
1,792
1,010
2,182
6,781
1,812
1,022
2,195
6, 830
1,850
1,036
2,194
6,755
1,870
1,061
2,300
6,730
1,858
1,067
2,287
6.9
10.2
8.0
7.0
10.5
8.2
6.9
10.8
8.3
7.0
10.9
8.4
7.1
10.9
8.5
7.3
11.1
8.6
7.5
11.2
8.7
7.7
11.4
8.7
7.8
11.6
8.7
8.0
11.5
8.6
7.9
11.6
8.6
19, 521
4,392
1,763
2,397
1,026
3,188
2.787
874
3 094
19, 697
4,497
1,759
2,397
1,049
3,190
2,824
902
3 079
19, 619
4,450
1,779
2,426
1,041
3,157
2,768
935
3 063
19, 606
4,382
1, 795
2,471
1,052
3,199
2,731
934
3 042
19. 709
4,372
1,828
2,485
1,069
3,248
2,754
935
3 018
19,888
4, 361
1,832
2,477
1, 083
3,339
2,793
970
3 033
20,001
4,391
1,870
2,457
1,117
3,361
2,785
979
3 041
20, 235
4,448
1,865
2,492
1,134
3,407
2,817
970
3,102
20,443
4, 467
1, 866
2, 526
1,144
3,479
2,828
985
3, 148
20,906
4,587
1,879
2,618
1, 181
3, 512
2, 953
975
3,201
21, 059
4,634
1,861
2,586
1,225
3,540
3,041
987
3, 185
7.9
3.0
8.6
8.0
3.0
8.7
8.1
3.1
8.4
8.2
2.9
8.5
8.2
2.9
8.6
8.2
3.0
8.7
8.2
2.9
8.9
8.2
3.0
9.0
8.3
3,0
9.1
8.4
3.1
9.3
8.5
3.1
9.5
r
3, 165
r 1,212
r 723
r
1,115
r
r
49, 130
28, 006
3,835
2,864
9,580
6,600
1,841
1,028
2,258
r
7. 8
' 11. 5
-8.6
r
r
49, 638 i
28.417 :
3.978
2,879 '
9.681
6.878 ;
1,784 '
998 i _ _
2,229
8.0
_
3, 255
3. 128
947
8.4
:
9.7
i
3. i :
49, 535
28, 178
3, 809
2,893
9,684
50 082
28.701 ;
3, 895
2.968 ••
9,818
6, 639
1,823
1,049
2,281
6,925 !
1,802
1.019 i
2.274
r
r
7. 8
11.6
8.7
_
11.9
8.5
1,209 •
3.572 ; _
3,189
8.3
3.1
9.7
r
3,053
1,184 j
667 '
1,034
3, 546
3, 096
1,217
r
r
27, 691
13,730
2,413 j
1,438 !
3, 941
21, 124
21,221
^ 4, 694
4,809
' 1, 763 1,789
'r 2, 606 2 568
r
_
_
.
7.9
12.0
8.9 i
21,381 1
21, 357
4, 698
4. 705
1, 826 _
1, 876
2.594
2, 632
1,221
1, 255
3,714
3,618
' 3, 065 3,157
1,007
r
3, 157
3, 206
r
r
f
r
8.6
3.1
9.6
8.5
3.1
9.7
_ _
SURVEY OF CURRENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-5
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
August SeptemOctober
ber
June
July
25, 936 'r 29, 240 28, 24*
13, 143
14, 973
13 915
2,014
2, 322
2, 076
1, 366
1 481
1 596
4,007
4, 045
4, 067
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders, net (unadjusted), total
mil. of doLDurable-goods industries, total
do
Primary metal . ___
.. do ..
Fabricated metal
do
Machinery (including electrical) . . . . . do
Transportation equipment (including motor vehicles)
mil. of dol
Other durable-goods industries
do
28, 744
14, 766
2,406
1,617
4,029
28, 213
14, 061
2,302
1,540
3,882
27, 726
14, 026
2,613
1,412
3,682
28, 684
15, 478
2,629
1, 430
4,268
27, 468
14, 307
2,482
1,328
3,866
27, 076
13, 931
2.682
1,444
3,908
28, 593
14, 557
2,613
1,538
4, 162
27, 556
14, 257
2, 146
1,609
4,335
27, 945
14, 223
2,488
1,492
4,187
28, 796
15, 236
2,180
1 401
4, 613
3,733
2,981
3,434
2,903
3,726
2,593
4,634
2 517
3,730
2 901
3,011
2 886
3,173
3 071
3,188
2 979
3, 052
3 004
3, 842
3 200
3,001
2 755
Nondurable-goods industries, total- _ _ _ . .
do ..
Industries with unfilled orders 9
do
Industries without unfilled orders! . . _. do. -
13. 978
3, 195
10, 783
14, 152
3,309
10, 843
13, 700
3,296
10, 404
13, 206
2, 965
10, 241
13, 161
2,944
10,217
13, 145
3,011
10, 134
14, 036
3,134
1 0, 902
13, 299
2,970
10, 329
13, 722
3, 035
10, 687
13, 560
3, 106
10, 454
12. 793
2,734
10, 059
New orders, net (seas, adjusted), total.
do
Durable-goods industries, total
_ ... . do._ Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil of dol
Other durable-goods industries
--do
28, 301
14, 936
2,532
1, 525
4,165
27, 466
14, 094
2,373
1, 540
3,929
28,315
14, 680
2, 751
1 569
4, 006
29, 295
15, 605
2,528
1 589
4. 118
28, 074
14, 683
2,387
1 398
3,806
27, 627
14, 107
2,737
1 520
3, 953
26. 912
13, 337
2, 333
1 373
3,877
27, 752
14, 073
2. 146
1 577
4, 122
28, 803
14, 732
2,392
1 538
4,460
27, 883
14, 185
2,319
1 334
4,311
3,733
2,981
3,434
2,818
3,653
2,701
4,634
2,736
4, 191
2,901
3,011
2,886
2,884
2, 870
3, 188
3, 040
3,213
3,129
3,202
3,019
13, 365
2,958
10, 407
13, 372
3,036
10, 336
13. 635
3 139
10, 496
13, 690
3 188
10, 502
13, 391
3 066
10, 325
13, 520
3 041
10, 479
13, 575
2 929
10,646
13, 679
3 094
10, 585
14, 071
3 229
10, 842
52, 957
49, 649
6,686
3,942
15, 199
53, 340
50, 054
6,619
3,934
15, 504
53, 774
50, 357
6,842
3, 965
15,713
55, 491
52, 119
7, 038
4,089
16 204
56, 596
53, 314
7,092
4,074
16 567
57, 1 36
53, 944
7,381
4,176
16. 823
57, 224
54,211
7,387
4,287
17, 036
57, 410
54 524
7,040
4, 462
17 495
19, 137
4,685
19,484
4, 513
19, 577
4,260
20 682
4, 106
21, 246
4, 335
21 088
4, 476
20, 948
4, 553
20, 879
4, 648
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries without unfilled ordersf
do
do
do
Unfilled orders, end of month (unadj.), total
do
Durable-goods industries, total
- - -do
Primary metal
do
Fabricated metal
- .. ... do
Machinerv (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
Other industries, including ordnance
do
4,050
3 075
3 306
2 870
14, 267
3, 069
11, 198
14, 333
3 306
11, 027
26, 998 T 29, 099
13, 513 ? r15, 166
2, 166 r 2, 322
1,366
1 346
4, 140 T 4, 195
28, 189
14, 377
2 232
1 534
4 186
r
T
r
r
3, 001
2,840
4, 402
2, 901
3, 555
2. 870
13, 698
3 045
10, 653
13, 485 r r13, 933
3, 072
3, 100
10, 413 T 10, 833
13,812
3 061
10, 751
57, 525
54, 678
7, 026
4, 513
17, 725
58, 594
55, 679
6,635
4, 430
18, 281
60, 408
57, 518
7,586
4,525
18, 801
r
r
20, 750
4, 664
21, 473
4, 860
21,636
4,970
r
do
3,308
3, 286
3,417
3,372
3,282
3, 192
3, 013
2, 886
2.847
2,915
2,890
number..
11, 024
10, 698
10, 157
11,539
13, 363
12, 503
12, 822
12, 475
13, 142
11,952
822
919
945
908
1,048
1,024
1, 170
985
1, 164
75
114
168
366
99
81
136
180
437
85
70
133
196
462
84
73
136
191
404
104
72
126
209
535
106
62
141
202
511
108
102
150
224
572
122
91
153
186
463
92
94
132
245
575
118
._ thous. of doL.
33, 120
34, 777
42, 783
41, 643
42, 890
49, 189
42, 622
41, 871
59, 901
_. - -do
do
...do
do
- do
2. 666
4,256
10, 798
8,253
7,147
3, 655
8,713
10, 407
9,586
2,416
1,239
9,744
14, 106
12, 626
5, 068
1,106
7,341
11, 554
10, 775
10, 867
2,974
6. 163
14, 442
14, 936
4,375
1,920
9,881
17, 647
14 693
5, 048
2, 015
7,089
15, 649
12,430
5,439
2,900
6,967
17, 142
10 772
4,090
3, 619
3, 588 1
8,877
8, 598
10, 684
28, 450
12,812
13, 242
5,713 ! 7, 331
Nondurable-goods industries, total 9
r
T
r
r
61, 787
59, 063
7, 981
4, 459
19, 001
62, 256
59, 592
7, 715
4, 530
19, 074
22,811
4,811
23 624
4.649
r
r
2, 724
2, 664
11, 513
11,339
9, 583
1, 105
1, 018
1,101
932
93
163
183
551
115
87
141
165
540
85
95
146
195
567
98
146
140
489
s;5
43. 013
48, 689
55, 040
39,313
7, 442
7.488
9. 005
11, 945
12, 809 1
4,127
7, 507
17, 828
14,772
10, 806
2, 058
7,840
9, 539
15, 656
4, 220
BUSINESS INCORPORATIONS tf
New incorporations (48 States)
11, 540
INDUSTRIAL AND COMMERCIAL FAILURES cf
Failures, total
number
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
_ _ _._ ... d o _ _ do
do - . .
do
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
-
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products:}:
1910-14=100__
235
229
224
222
226
227
228
235
242
247
244
237
236
234
lo
io
.. l o _ _ _
Io
..do _.
229
224
231
274
90f,
224
285
222
208
278
217
2(54
174
217
167
220
164
220
170
221
231
248
259
171
220
233
264
262
173
220
236
258
267
174
223
245
260
275
185
229
252
272
270
192
226
263
310
273
192
218
258
286
274
194
216
236
230
263
197
218
234
178
275
196
222
232
203
270
212
225
129
427
189
227
127
443
194
228
140
438
208
232
143
455
225
236
161
452
212
239
175
452
211
245
196
453
218
253
234
453
233
265
283
454
266
259
338
453
225
250
387
453
210
249
203
451
233
234
161
455
232
249
141
453
240
257
249
203
234
235
264
239
195
225
224
267
214
194
223
219
266
201
204
217
221
261
207
205
220
220
257
215
188
226
221
250
221
187
224
227
246
237
180
226
233
247
251
178
231
232
247
252
171
231
232
253
246
174
233
238
256
259
171
232
238
264
254
172
231
236
272
254
167
238
259
272
246
261
274
246
259
273
244
259
273
243
259
272
246
259
272
245
261
274
246
261
274
248
264
278
250
264
280
248
266
282
248
267
281
250
266
279
252
265
279
250
279
280
279
278
281
280
282
284
286
286
287
288
287
287
Crops
Commercial vegetables, fresh market
Cotton _
.
Feed trains and hay
Food grains .
_.
Fruit
Oil-bearing crops .. ..
Potatoes§ _
Tobacco
Livestock and products
Dairy products
Meat animals
Poultry and eggs
Wool
do
_ do
_-. . . do_ __
do
_ __
__ _ . _
.
do
do
do
do
do
Prices paid:
All commodities and services
do. .
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates
1910-14=100
178
225
82
84
80
80
80
Paritv ratio©
do
82
82
86
85
82
83
85
81
81
r
Revised.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
IFoi these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cfData are from Dun and Bradstreet, Inc.
JData beginning January 1953 have been revised to incorporate the latest revisions in the price series for individual commodities; unpublished revisions (prior to April 1955) will be shown
ater.
§Includes sweetpotatoes and dry edible beans.
©Ratio of prices received to prices paid (including interest, taxes, and wage rates).
S-6
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
November 1056
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
COMMODITY PRICES— Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1935-39 - 100
Consumer price index (U. S. Department of Labor):
All items
1947-49=100..
Apparel
do
Food 9
do
Dairy products
do
Fruits and vegetables
do
Meats poultry and
fish
do
Housing 9
do
Gas and electricity
do
Housefurnishings
do
Rent
do
Medical care
do
Personal care
do
Reading and recreation
do
Transportation *
do
Private
do
Public
do
Other goods and services
do
WHOLESALE PRICES &
( U. 8. Department of Labor indexes)
All commodities
1947-49=100..
Economic sector: *
Crude materials for further processing _ _ _ do
Intermediate materials, supplies, and components
1947-49=100-Finished goods 0
do
Farm products 9
do
Fruits and vegetables, fresh and dried
_ do
Grains
do
Livestock and live poultry
_
do
Foods, processed 9
_ _
_ do
Cereal and bakery products
do..
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen., do
Meats, poultry, and
fish
do
Commodities other than farm products and foods
1947-49=100.Chemicals and allied products 9
do_.
Chemicals, industrial
do
Drugs and pharmaceuticals§. _
_ do
Fats and oils, inedible
.do
Fertilizer materials
do
Prepared paint
_.
_do
Fuel, power, and lighting materials 9
- do
Coal
. __-_ .
do
Electricity
do
Gas
_
_ - do._
Petroleum and products
do
Furniture, other household durables 9
do
Appliances, household
do._.
Furniture, household
do
Radio receivers and phonographs
do -.
Television receivers
do
Hides, skins, and leather products 9
. do
Footwear
.
do Hides and skins
- do
Leather
do
Lumber and wood products
do.
Lumber
do
Machinery and motive products 9
do.
Agricultural machinery and equip
do
Construction machinery and equip _ .
do.- .
Electrical machinery and equipment
do
Motor vehicles
do
Metals and metal products 9 -do
Heating equipment
- do
Iron and steel
do
Nonferrous metals
do
Nonmetallic minerals, structural 9
do._
Clay products - ...
- do _ _ .
Concrete products
- do
Gypsum products
-.
do_~
Pulp, paper, and allied products
_.
do _ _ _
Paper
.
do
Rubber and products
do _ .
Tires and tubes do
Textile products and apparel9
do
Apparel
do_Cotton products
- _.
_do.-Silk products
do
Man-made fiber textile products
do
Wool products
do
Tobacco mfs and bottled beverages 9
do
Beverages, alcoholic do
Cigarettes do
Miscellaneous
.
.
do
Tovs. sporting goods
do
208.9
208.7
208.2
208.1
207.6
207.7
208.2
208.8
209.8
211.9
213.6
' 212. 5
213.1
114.9
104.6
111.6
106.5
110.2
103.5
120.4
111.2
103.6
130.5
128. 2
116.6
106.7
125.3
115 8
166.9
120.6
114.9
104. 6
110.8
107.5
108.5
100.9
120.8
111.2
104.4
130.8
128.7
117.0
106.7
126.6
117.1
167.1
120.6
115.0
104.7
109.8
107.8
109.0
97.1
120.9
111.5
104.5
130. 9
129.8
117.5
106.8
128.5
119.1
167.8
120.6
114.7
104.7
109.5
107.7
110.7
94.6
120.8
111.5
103.4
131.1
130.2
117.9
106.8
127.3
117.8
167.8
120.6
114.6
104.1
109.2
107.3
112.6
93.3
120.6
111.7
102.0
131.4
130.7
118.5
107.3
126.8
117.0
170.3
120.8
114.6
104.6
108.8
107.3
113.3
93.6
120.7
111.7
102.5
131.5
130.9
118.9
107.5
126.9
117.0
170.5
120.9
114.7
104.8
109.0
106.9
114.8
92.8
120.7
111.7
103.1
131.6
131.4
119.2
107.7
126.7
116.8
170.8
121.2
114.9
104.8
109.6
106.4
116.7
94.0
120.8
111.8
102.7
131.7
131. 6
119.5
108.2
126.4
116.5
170.8
121.4
115.4
104.8
111.0
107.5
121.5
95.5
120.9
111.8
102.6
132.2
131.9
119.6
108.2
127.1
117.1
172.5
121.5
116.2
104.8
113.2
107.7
131.4
98.0
121.4
111.7
102.8
132.5
132.0
119.9
107.6
126.8
116.7
172.6
121.8
117.0
105.3
114.8
108.7
135.2
99.3
121.8
111.7
102.8
133.2
132.7
120.1
107.7
127.7
117.6
172.7
122.2
116.8
105.5
113.1
109.2
120.7
99.9
122.2
112.1
102.6
133.2
133.3
120.3
107.9
128.5
118.6
172.9
122.1
1 117. 1
106.5
113.1
109.8
114.8
101.3
122.5
112.2
103.3
133.4
134.0
120. 5
108.4
128.6
118.7
173.0
122.7
111.7
111.6
111.2
111.3
111.9
112.4
112.8
113.6
114.4
114.2
114.0
114.7
r
115. 5
94.9
93.2
89.9
89.9
91.5
93.3
93.4
95.4
96.6
95.7
95.0
96.4
118.6
111.5
89.3
102.1
81.4
75.5
101.5
114.4
104.3
106. 8
87.5
119.1
111.3
86.8
92.9
82.4
71.8
100.2
114.8
105.0
107.4
81.6
119.1
111.6
84.1
102.6
79.8
62.2
98.8
115.1
105. 9
107.7
77.8
119.4
111.5
82.9
95.6
82.7
59.3
98.2
115.2
107.2
107.9
75.3
120.0
111.8
84.1
105.0
81.5
63.0
98.3
115. 1
106.1
108.1
75.7
120.3
112.0
86.0
98.2
82.9
67.7
99.0
115. 4
106.1
108.9
76.1
121.0
112.3
86.6
106.5
84.5
67.5
99.2
115.4
106.1
108.6
74.6
121.7
112.7
88.0
101.8
89.5
70.8
100.4
115.6
105.9
109.0
79.3
122.2
113.6
90.9
111.8
90.5
74.4
102.4
115.5
107.9
109.3
82.1
121.7
114.0
91.2
120.2
86.9
74.8
102.3
115.3
108.0
109.7
83.1
121.3
114.0
90.0
111.8
88.4
72.9
102.2
114.8
107.9
109.3
83.7
122.6
114.1
89.1
94.8
88. 8
76.0
102.6
114.5
108.9
107.3
85.1
r
118.5
106.0
118.2
92.4
55.8
112.0
114.8
108.0
108.1
95 5
107.8
114.0
116.4
106.2
115.2
89.4
69.3
94.0
111.4
60.9
85.1
125.7
127.1
130.0
126. 3
140.5
130.6
122.0
141.9
117.2
145. 0
154.2
126. 4
143.9
119.8
122.1
120.5
131.0
151.7
147.2
95.4
98.6
92.5
126.8
86.7
103.0
121.7
114.7
124.0
90.3
113.6
119.0
106.5
118.9
92.3
58.2
112. 3
115.0
108.0
108.7
94.3
109.3
114.2
116.9
106.1
115.6
89.5
69.5
95.3
113.5
62.3
86.1
125.4
126.8
131.4
126.7
142.1
130.7
124.7
142.4
117.3
145.7
153.9
126.8
144.3
120.2
122.1
122.8
131.2
147.8
147.2
95.4
98.7
92.8
123.7
86. 1
102.8
121.7
114.7
124.0
91.5
113.8
119.4
106.6
119.3
92.3
57.6
112.3
115.0
108.6
109.0
94.3
110.8
115.0
117.2
106.3
116.4
89.8
69.5
96.4
115.4
60.2
87.7
125. 0
126.4
132.5
126.1
142.4
131.4
126.5
142.9
117.4
146.0
153.9
125.2
144.5
120.2
122.1
123.2
131.7
150.6
151.8
95.6
99.0
93.2
120.8
85.8
102.8
121.7
114.7
124.0
88.0
114.3
119.8
106.6
119.4
92,3
56.6
112.3
115 8
109.3
109.4
93.8
115.5
115.6
117.3
105.8
116.5
89.8
69.7
96.7
115. 4
61.1
88.4
125. 1
126.4
133.0
126.5
143.1
132.1
126. 7
143.9
117.1
147.2
155.8
125.4
144.6
120.2
122.1
123.6
132.6
151. 0
151.8
95.6
99.1
93.7
120.6
84.8
102.8
121.7
114.7
124.0
88.8
115.0
120.4
106.3
120.0
92.6
55.6
113.1
117.0
111.0
109.9
94.3
121.1
117.2
118.0
105.6
117.4
89.7
69.7
96.7
115.7
56.6
89.5
126.3
127.6
133.3
126.8
143.2
132.4
126.7
145.1
117.3
149.4
156.6
127.0
145.3
121.1
127.1
124.8
134.6
148.4
151.8
95.7
99.5
93.8
120.5
84.2
102.6
121.7
114.7
124.0
89.6
115.8
120.6
106.4
119.9
92.0
54.4
113.0
119.1
111.2
109.9
94.3
122.0
117.5
118.2
105.7
117.3
89.7
69.9
97.1
115.8
58.2
89.9
126.7
128.2
133.9
126.8
143.5
133.2
127.5
145.1
117.1
149.1
157.1
127.1
145.6
121.1
127.1
125.4
135.0
147.1
151.8
96.0
99.5
94.3
119.5
84.8
102.7
121.7
114.7
124.0
88.7
115.8
121.0
106.5
120.0
91.9
55.0
112.8
119.1
110.9
110.1
94.3
122.7
116.8
118.1
105.3
117.5
89.7
69.9
97.7
116.5
58.3
90.9
128.0
129.9
134.7
126.1
143.5
133.6
129.0
146.5
117.1
149.4
162.0
127.9
145.9
121.1
127.1
126.8
136.2
146.2
151.8
95.9
99.7
94.1
119.5
84.5
102.1
121.7
114.7
124.0
88.2
115.7
121.6
106.9
120.9
91.9
58.1
112.4
119.1
110.6
111.7
qq o
117! 5
117.5
118.0
105.2
117.8
89.7
69.5
100.6
119.9
61.9
94.6
128.5
130.6
135. 7
126.1
144.8
135.6
129.1
147.7
117.3
151.0
163.2
128.6
146.0
121.7
127.1
127.4
136.2
145.0
151.8
95.1
99.5
93.7
121.0
80.6
102.5
121.7
114.7
124.0
92.1
115.8
121.7
106.9
120.8
92.1
60.3
109.1
119.1
110.8
111.9
93.2
115.4
118.3
118.0
105.0
118.0
89.6
69.3
100.0
120.0
59.0
92.9
128.0
130.4
136.5
126.5
146.6
137.0
129.1
146.8
117.3
150.8
160.0
128.6
146.1
121.7
127. 1
127.3
136.2
143.5
151.8
94.9
99.4
93.1
125.0
80.3
102.9
121.6
114.6
124.0
96.1
115.8
121. 5
107.1
121.1
92.1
55.1
108.7
119.1
110.5
112.3
93.8
111.3
118.3
118.1
105.1
118.1
89.7
69.1
100.2
120.5
61.2
91.7
127.3
129.6
136.8
126.6
146.8
137.6
129.1
145.8
117.4
149.5
158.0
128.9
146.5
121.9
127.1
127.4
137.0
142.8
151.8
94.9
99.7
92.7
124.7
80.2
102.9
121.6
114.6
124.0
92.9
115.8
121.4
107.3
122.1
92.2
53.7
105.7
119.1
110.7
112.9
93.8
109.7
118.8
118.3
104.4
119.2
90.7
69.3
100.1
120.5
60.4
91.6
126.6
128.5
136.9
126.8
147.8
137.4
129.1
144.9
117.9
149.9
152.5
130.6
149.3
123.0
127.1
127.7
138.2
143.3
149.3
94.9
99.8
92.3
122.0
80.4
103.1
121.7
114.6
124.0
91.3
115.7
122.5
107.3
122.1
92.2
53.8
106.0
119.1
110.9
103.8
94.9
109.4
118.3
119.1
105.0
119.5
91.0
69.6
100.0
120.5
60.4
90.9
125.2
127.1
137.7
126.9
149.4
138.0
129.1
150.2
119.1
159.4
155.4
130.8
150.1
123.4
127.1
127.9
138.2
146.9
153.4
94.8
99.7
91.9
121.0
80.3
103.4
122.5
116.2
124.0
91.1
116.3
r 123. 6
115.5
96.7
95.0
123. 0
r
115.3
T
90. 1
95.3
90.7
75.7
104.0
r
114.9
123.5
115.6
88.4
97.6
84.0
73.0
103.6
115. 1
110.9
106. 4
85.7
r 109. 7
• 106. 8
89.3
107.1
121. 9
'91.9
55.4
104. 5
119.1
'•111. 1
114.4
94.9
r
110.3
118.4
119.7
105.5
120. 4
91.0
70.1
100.2
120. 5
63. 3
90.8
* 123. 6
' 125. 2
»• 139. 7
127.4
' 151.5
r 142. ()
129. 4
' 151. 9
121.0
' 161.5
154.8
131. 1
150.1
124.8
127.1
T
127. 9
' 138. 9
' 145. 7
153.4
94.8
99.7
91.5
120.1
80.4
103.9
122.8
116.9
124.0
'89.9
116.6
123.6
107.7
122. 6
91. 9
55.8
104. 1
122. 6
111.6
120.9
94.9
110.3
118.3
120.6
106.3
120. 9
91.1
70.3
99.6
120.7
57.8
90.8
122. 0
123. 6
140.9
128. 5
154. 4
143.2
130.7
151.9
121.7
161. 1
154.0
131.5
150. 1
125. 0
127. 1
128. 0
138. 9
145.8
153. 4
95.4
99.7
92.7
123.6
80.9
105.6
123.1
117.2
124.0
89.2
116.7
' Revised.
1 Index based on 1935-39=100 is 195.8.
9 Includes data not shown separately.
cfFor actual wholesale prices of individual commodities, see respective commodities.
*New series. Data prior to February 1955 will be shown
ater.
©Goods to users, including raw foods and fuels.
§ Effective with the January 1955 index, cosmetics and related products were transferred from drugs, etc., to the "other chemicals"
ubgroup.
for FRASER
Digitized
SURVEY OF CURRENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-7
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumer prices
Retail food prices
...
1947-49=100
do
do
89.5
87.0
89.6
89.6
87.0
90.3
89.9
87.0
91.1
89.4
87.3
91.6
89.8
87.2
91.3
187.2
85.6
88.4
' i 86. 6
185.4
188.4
186.6
' 3, 764 ' 4, 071 ' 4, 231 ' 4, 286 ' 4, 250
4,126
' 2, 088 ' 2, 260 ' 2, 424 ' 2, 596 ' 2, 786 r 2, 865
' 2, 873 ' 2. 833
998
' 1, 232 '1,315 ' 1, 417 ' 1, 445 ' 1, 431 ' 1, 405
1,116
895
1,000
' 1, 090 ' 1,150 ' 1, 235 ' 1, 260 ' 1, 250 ' 1, 225
86
142
142
109
128
140
73
140
2,751
1,350
1,175
134
89.0
87.3
91.9
88.7
87.2
91.7
87.4
86.7
90.1
88.0
87.0
91.2
87.6
86.1
88.3
87.7
85.5
87.1
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY f
New construction (unadjusted), total
mil. of dol__
' 2, 939 ' 2, 816
r
r
4,148
4,037
3,702
3,258
Private, total
.
do
Residential (nonfarm)
_ .
_do
New dwelling units
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
_ _
mil. of dol
Industrial
do
Commercial
___ _ _ _ _ _ _ _
do
Farm construction _
do
Public utility
do
2,879
1, 561
1,410
119
2,810
1,509
1,360
116
2,663
1,419
1,280
107
2,435
1,279
1,160
88
2, 176
1,080
980
70
714
213
303
159
433
721
219
306
132
437
715
224
297
111
407
679
223
270
98
369
650
223
251
97
341
Public, total
Nonresidential building
M ilitary facilities
H ighway
Other tvpes.. _
1,269
374
136
533
226
1,227
350
136
524
217
1,039
321
116
405
197
823
286
97
263
177
'763
-293
84
210
176
3,623
2,629
1,422
3,598
2,594
1,375
3,601
2,551
1,342
3,580
2,519
1,322
«• 3, 619
2, 506
1,286
679
132
384
685
132
391
678
131
389
665
131
389
664
130
416
'689
129
418
'707
128
419
994
339
345
1,004
326
363
1,050
337
403
1,061
321
432
1,113
'1,109
'338
443
' 1,060
'320
411
r
'333
467
57, 673
2,035
621
1,414
61, 135
1,863
551
1,312
54, 856
1,797
527
1,269
50, 551
1,921
730
1,190
51, 949
1,858
675
1,183
58, 056
1,860
598
1,262
79, 196
2,382
638
1,744
5,540
49, 837
709
5,863
49, 156
692
4,686
46, 058
663
4,407
49, 426
727
4,144
47, 895
661
4,505
44, 569
630
49, 211
72, 039
733
53, 033
76, 964
783
48, 346
73, 638
726
44, 302
70, 440
711
46, 314
68, 147
694
2,316
368
1,772
277
1, 398
280
1,394
359
606
224
467
111
426
129
253
258
250
256
249
246
260
252
1,786
5,798
490
2,246
3,062
do
do
do
do
do
New construction (seasonally adjusted) , total
Private, total _ .
Residential (nonfarm)
Nonresidential building, except farm and
utility
_
mil.
Farm construction. ...
_
Public utility
Public, total
Nonresidential building.. _. _
Highway
do
do
do
public
of dol
do
do
do....
do
do
3, 077
3, 417
'648
'225
252
101
334
'655
226
••257
109
373
'665
'239
'252
121
398
'705
'252
266
139
427
'728
'284
'82
195
' 167
'817
'301
'91
230
' 195
'993
'315
'104
350
'224
' 1, 168
'335
'117
470
'246
'760
'263
290
150
448
'787
'270
'300
159
462
'788
'276
'293
161
481
'788
'276
'288
148
480
793
274
287
122
474
' 1, 285 ' 1, 366 ' 1, 413 ' 1, 417
'389
'379
357
'380
'132
'135
'139
' 139
535
575
615
600
'284
'261
'285
'276
1,375
371
143
585
276
' 3, 632 ' 3, 590 ' 3, 687 ' 3, 737 ' 3, 736 ' 3, 726 '3,714
' 3, 693
' 2, 523 ' 2, 530 ' 2, 584 ' 2, 606 ' 2, 606 ' 2, 620 ' 2, 608 ' 2, 587
1,279
1,268
' 1, 297 ' 1, 302 ' 1, 300 ' 1, 302 ' 1, 289 ' 1, 277
3,661
2,537
1,227
'746
126
423
'749
125
423
'759
125
424
'758
124
426
'750
123
425
752
122
423
1, 131
'325
443
' 1, 130
340
425
' 1, 106
'339
408
' 1, 106
'344
403
' 1, 106
'345
397
1,124
347
403
81, 231
2,421
745
1,677
78, 801
2,480
714
1,766
62, 249
2,198
732
1,466
56, 713
2,149
736
1,412
61, 271
2,069
620
1,449
53, 757
2,025
671
1,354
5,967
62, 191
881
6,160
61, 467
822
6,737
60, 057
819
6,194
53, 739
794
6,186
56, 594
847
6,061
55, 234
747
5,646
52, 450
776
51, 942
77, 139
799
70, 833
108, 060
1,105
72, 290
112, 465
1,144
68, 847
108, 172
1,129
52, 936
81, 020
826
47, 203
72, 665
758
52, 044
80, 278
874
45, 351
73, 003
764
1,105
356
1,218
337
1,902
311
2,271
367
2,667
365
2,532
418
2,739
374
2,660
301
2,293
355
448
124
386
147
391
93
494
84
510
89
550
166
587
159
585
169
506
147
467
130
244
243
270
252
244
233
301
273
247
242
300
290
267
285
306
318
291
334
287
317
319
370
277
315
310
340
257
286
298
297
256
269
281
269
255
265
'273
'262
'260
'264
257
252
254
251
1,526
1,369
1,693
1,593
1,781
2,379
1,869
2,120
1,622
1,835
1,828
1,480
1,878
5,999
1,052
2,413
2,534
7,171
1,895
3,345
1,931
2 8, 909
1,150
2 5, 229
2 2, 529
6,920
1,292
3,287
2,341
8,259
1,726
4,319
2,214
8,362
798
4,547
3,017
7,578
337
3,764
3,477
8,513
1,084
3,873
3,557
7,679
720
4,149
2,810
4,795
408
1,893
2,494
8,398
1,486
3,219
3,693
5,267
695
1,911
2,661
7,302
953
3,524
2,825
105.8
104.8
75.8
1.0
89.2
88.4
64.0
.8
76.2
73.5
53.6
2.7
75.0
73.7
53.6
1.3
78.3
77.0
56.9
1.3
98.6
93.9
69.6
4.7
111.3
109.9
75.3
1.4
113.7
110.8
76.3
2.9
107.4
104.6
72.8
2.8
' 101. 1
'99.0
'68.1
'2.1
101.0
100.5
69.0
.5
93.0
89.9
60.8
3.1
93.0
90.8
62.5
2.2
1, 209. 0
1, 179. 0
1, 192. 0
1, 195. 0
1, 127. 0
1, 094. 0
1, 157. 0
1, 146. 0
1,091.0
1, 070. 0
1, 110. 0
1, 000. 0
1, 050. 0
89.4
87.7
78.7
2.1
6.9
1.7
70.1
69.7
62.9
2.2
4.6
.4
r
733
127
419
1, 103
' 315
438
r
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects ___
number
Total valuation
.
mil. of dol
Public ownership. __
do
Private ownership. .
_
. . . do
Nonresidential buildings:
Projects
number
Floor area
_ _.
thous. of sq. ft
Valuation
mil. of dol
Residential buildings:
Projects
number
Floor area
thous. of sq. ft
Valuation
mil. of dol
Public works:
Projects
_
number
Valuation
mil. of dol
Utilities:
Projects. _ _
. _ _ .number
Valuation _ _
mil. of dol
Value of contract awards (F. R. indexes):
Total, unadjusted
1947-49=100
Residential, unadjusted
_
. . do
Total, seasonally adjusted
do
Residential, seasonally adjusted
do
Engineering construction:
Contract awards (ENR)§
mil. of dol
Highway concrete pavement contract awards:cf
Total
thous. of sq. yd
Airports ._ __
. . do _
Roads .
___
do
Streets and alleys
do
NEW DWELLING UNITS
( U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly o wned... thousands _ _
114.9
Privately owned, total
_.
do
113.6
In metropolitan areas
do
82.2
Publicly owned. _
do
1.3
Seasonally adjusted at annual rate:
Privately owned, totalt
do
1, 262. 0
Building construction authorized, all permit-issuing
places:
New dwelling units, total
thousands
-96.3
Privately financed, total
do
"95.3
Units in 1 family structures _
_ .. do
«86. 1
Un its in 2 family structures
_ do. _
2.2
Units in multifamily structures.
do
7.0
Publiclyfinanced,total
. _ _.. . do .
1.0
57.6
62.8
94.6
71.1
96.1
98.1
88.3
85.7
81.3
56.6
61.8
70.2
92.3
94.7
'85.8
85.1
97.1
80.5
50.2
54.6
81.2
61.7
86.5
84.5
'76.6
71.9
74.8
1.9
2.1
3.2
2.5
3.1
2 5
2.9
2.7
2.5
4.5
5.1
6.0
7.8
7.1
6.4
7.8
6.1
7.7
1.1
.9
2.4
1.4
1.0
2.5
.6
1.0
.8
' Revised.
p Preliminary.
« Revisions for new dwelling units for August 1955 (thous.): Total, 108.2; private—total, 106.4; 1 family structures, 95.4.
1 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 45.3 (October), 45.3 (September, revised), 45.6 (August, revised); consumer prices, 51.1 (September); retail
food,2 43.8 (September).
Data include some contracts awarded in prior months but not reported,
t Re visions for January 1954-March 1955 will be shown later.
§Data for September and December 1955 and March, May, and August 1956 are for 5 weeks; other months, 4 weeks.
cfData for November 1955 and February, May, and August 1956 are for 5 weeks; other months, 4 weeks.
tRevised
back to 1946 to incorporate new seasonal factors; for revisions not published herein (January 1946-February 1955) and seasonal factors used, see the June 1956 issue of Construction
Review.
SURVEY OF CUEEENT BUSINESS
S-8
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
July
June
August
Septem- October
ber
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
Department of Commerce composite
1947-49=100
Aberthaw (industrial building)
1914=100
American Appraisal Co., The:
Average 30 cities
1913=100
Atlanta
_ _
_- - - do _ _
New York
do
San Francisco
- do _
St Louis
do
Associated General Contractors (all types) --1913=100. .
E. H. Boeckh and Associates:§
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U S avg 1926-29=100
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
-- do _ _
Brick and steel
- do _
Brick and wood
do Frame
do__
Steel
do
Residences:
Brick
do
Frame
- do
Engineering News-Record :cf
Building
1 947-49=100.- .
Construction
do
Bu. of Public Roads— Highway construction:
Composite, standard mile
.. 1946=100--
126.3
399
126.4
126.5
126.6
401
127.1
127.9
128.6
405
129.4
'130 2
130 8
421
131 3
132.1
132.2
441
614
665
642
575
606
441
616
665
642
577
607
444
618
666
643
578
608
446
619
666
643
580
609
446
622
667
644
582
629
452
623
667
648
586
630
452
625
676
652
588
632
452
628
676
654
589
633
452
631
676
655
596
633
456
634
679
660
596
635
461
638
692
667
596
635
467
641
695
681
597
637
467
642
696
681
597
637
470
267.8
263 6
265.7
268.5
264 4
266.2
269.1
265 1
266. 7
270.1
266 1
267.3
271.2
267 1
268.4
271.6
267 7
270.5
272.4
268 7
271 6
274 1
270 3
273 4
276 8
272 5
275 4
278 0
273 7
276 1
279 6
275 3
276 7
280.2
275 9
277 2
280 8
276 7
277 0
275.7
273.3
264.0
265.4
258.5
276. 3
273.8
264.6
266.4
259.0
276.8
274.4
265 2
266. 9
259 4
278.1
275.3
265. 7
267.3
260 8
279 4
276. 3
267 2
268.1
261 3
279.4
277.1
269 0
270.5
261 8
280 4
278.4
269 9
271.4
263 3
282 3
280.0
271 5
273 6
264 6
285
282
273
275
266
286
283
274
275
267
287
286
275
276
272
8
7
2
0
8
288 2
287.3
275 9
276.2
273 2
288 9
288.6
275 9
275. 4
274 9
266. 3
260.3
266.8
260.8
267 4
261. 3
268 0
261.9
269 1
262.7
271 2
265.2
272 1
266 2
273 8
268 2
276 1
269 9
276 8
270 4
277 2
270 6
277 8
271.0
277 4
270 5
142.0
148 8
141.8
148 6
141.6
148 6
142. 1
149 3
142.9
150 2
142.9
150 2
143.6
150 8
144.1
152 0
144 5
152 8
144 7
153 4
145 3
153 7
147.9
155 6
147 7
155 4
129.4
131.1
3
2
8
4
2
132.4
6
5
6
9
5
135 4
470
148 0
155 4
140 5
CONSTRUCTION MATERIALS
Output of selected construction materials, index:t
Iron and steel products
1947-49=100- .
Lumber and wood products
- do _
149.5
139.7
145.0
135.3
134.9
124.6
132.3
117.6
136.4
121.0
143.4
119.5
155.7
129.0
152.2
129.3
164.2
138 6
164.0
130.0
52.1
119.8
140.1
143.1
274, 376
589, 859
273, 493
717, 334
275, 334
755, 018
261, 480
620, 173
280, 660
569, 925
240, 723
535, 526
231, 856
467, 908
202, 141
492 888
209, 338
468 766
207, 111
421 178
208, 192
464, 937
237, 440
504, 725
203, 661
507 610
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: Face amount
thous. of dol
Vet Adm * Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
mil. of dol
New mortgage loans of all savings and loan associations, estimated total _ . - - - - - - -_mil. of dol
By purpose of loan:
Home construction
do
Home purchase
do All other purposes
do
New nonfarm mortgages recorded ($20,000 and under) ,
estimated total
mil of dol
Nonfarm foreclosures
number
Fire lo^es
thous of dol
1,275
1,344
1,364
1,417
1,246
1, 181
1, 138
1,127
1, 123
1 173
1,108
1, 116
1 142
1,012
880
782
746
712
778
908
932
986
976
949
1,037
850
342
503
167
303
426
152
261
385
137
253
351
142
251
316
145
284
333
161
331
386
191
359
388
185
356
434
196
349
449
178
341
439
169
358
483
197
292
397
161
2, 522
2 294
65, 970
2,387
2,207
58,778
2,316
2,308
68,784
2,188
2,403
89, 212
2,059
2,288
96, 972
2,050
2 238
84, 041
2,271
2 615
89, 315
2,269
2 472
84, 624
2,434
2 559
87,681
2,417
2 755
74 770
2,374
2,544
2, 185
68,752
74, 930
70, 118
200
195
155
194
160
37
379
!
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, ad justed :J
Combined index
1947-49=100
Busiposs papers
do
Magazines
do
Newspapers
do
Outdoor
do
Radio (network)
do
Television (network)
1950-52=100
187
182
149
188
173
41
312
181
186
140
186
153
38
300
190
165
158
200
158
38
312
187
176
153
183
151
36
312
193
171
155
213
157
34
313
201
182
158
221
170
36
331
192
178
161
192
147
36
328
198
187
155
205
172
39
337
199
184
157
201
165
36
351
192
181
152
183
157
38
357
204
184
161
202
152
33
392
214
182
160
207
155
42
447
Tide advertising index, unadjusted
1947-49=100
191.5
217.0
219.2
163.0
159.9
184.8
209.4
218.8
228.1
200.4
158.4
175.6
Television advertising:
Cost of facilities, total
Automotive including accessories
Drugs and toiletries
Foods soft drinks, confectionery
Soaps cleansers, etc
Smoking materials
All other
thous. of dol
do
do
do
do
do
do
33, 045
3,620
8 043
6,922
4,134
3,499
6,826
38, 086
4,936
9,363
7,836
4,326
3,652
7,973
38, 852
4,935
8,850
8,096
4,411
3,764
8,794
39, 399
5,399
8,782
8,427
4,432
3,869
8,490
38, 898
5,475
9, 653
8,181
4,569
3,557
7,462
37, 192
4,831
9,117
8,116
4,570
3,571
6,986
40, 589
5,510
9,824
8,524
5,131
3,873
7,727
38, 979
5,147
9,403
7,840
5,037
3,419
8,133
40, 610
5,425
10, 086
8,155
5, 125
3,087
8,732
38, 243
4,642
10, 094
7, 958
4,991
3,214
7,344
37, 748
3,766
10, 870
7,706
5, ,507
3,118
6,780
42, 688
4,685
9,105
6,849
4,701
2,833
14, 515
Magazine advertising:
Cost total
Apparel and accessories
Automotive incl accessories
Building materials
Drugs and toiletries
Foods soft drinks, confectionery
Beer wine liouors
do
do _
do
_ _ _ do
__ _ - --do _ do
do
58, 673
7, 515
3,661
3,848
4,845
7,347
2,354
71, 084
6, 193
5, 926
3, 610
6,241
9,223
3,555
68, 295
4,876
7,504
2,258
6,064
8, 533
4,148
51 , 249
3,850
4,509
1,102
4,804
6,300
5,062
38, 656
2,020
4,341
1,310
3,742
5,749
1,440
54, 298
3,458
5,096
2,841
5,375
8,003
2,233
69, 188
5,673
7,020
4,313
5,541
8,648
2,998
75, 485
5,643
7,924
4, 559
5,732
8,542
3,286
72, 961
5,510
6,685
4,560
6,111
7,847
3,149
59, 946
3,365
6, 175
3,389
5,909
7,179
2,714
42, 386
904
4,226
1,935
4,868
6,893
2,568
42, 024
4,601
2,736
1,740
4,288
6,077
1,971
3,674
2,493
4,469
836
1,524
16, 108
4,901
4,309
5,680
946
1,548
18, 954
4,790
3,516
4,943
778
1,362
19, 523
2,713
1,990
3,771
567
1,895
14, 685
873
1, 298
3,166
645
1,030
13, 042
2,055
1,551
4,110
1,103
1,511
16, 960
4,014
2,761
4,940
1,314
1,615
20, 352
5,063
4,405
5,735
1,330
1,516
21, 750
5,465
4,054
6,627
1,368
1,655
19, 930
4,919
2,042
5,517
843
1,562
16, 331
2,794
1,030
3,665
775
1,149
11, 578
1,522
1,646
3,742
641
1,178
11, 882
5,032
5, 570
4,689
3,669
4,114
4,664
5,249
5,399
4,648
3,734
3,496
4,278
Household equipment and supplies
Household furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Linage , total
T
do
do
do
do
do
do
thous. of lines. -
Revised.
§ Copyrighted data; see last paragraph of headnote, p. S-l.
cf Data reported at the beginning of each month are shown here for the previous month.
f Revised series.
t Data revised beginning January 1954; revisions prior to March 1955 will be shown later.
5,265
5,552
SURVEY OF CURRENT BUSINESS
November 1956
S-9
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
19 56
Septem- October Novem- December
ber
j ber
January
February
March
April
May
June
July
Septem- October
ber
August
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising:
Linage, total (52 cities)
Classified
------Display, total _ _
Automotive
Financial- . _
General
Retail
_..
PERSONAL CONSUMPTION
246 154
62, 714
273 073
65 684
268 516
58, 567
242 542
50, 144
212, 200
57, 508
218 335
56, 624
251 255
63 286
260, 992
65, 077
268 486
66 664
239, 266
62, 395
213, 961
60 525
227,297 i 244,056
62,494 ! 63,036 !
i 183,440
16 054
3,007
30 849
133 530
207, 390
19 797
3,678
39 778
144 137
209,
20
3
38
147
192, 398
12 568
3,421
27 128
149 281
154, 693
14 220
5,200
26 955
108 318
161,711
15 161
3, 235
31 489
111 826
187, 969
15 494
3 484
36 151
132 840
195,915
14 864
3 932
40 980
136 140
201
17
3
40
140
176,872
15 477
3,641
34 747
123 006
153,
12
4
27
108
164,803
12 626
2, 749
96 430
122,998
thous of lines
do
do
do
do
do
do
949
045
440
514
950
822
088
657
952
125
436
947
652
098
740
181,021
10,018
3, 169 >
31 223 i
133 010
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :J
Goods and services, totalbil. of dol
Durable goods, total 9 -- _ _ ...
Automobiles and parts
Furniture and household equipment
do
do
do
Nondurable goods, total 9
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
do
do
do
do
Services, total 9
Household operation
Housing
Transportation
do
do
do
do
1
i
257 8
259. 5
201 7
203. 7
37.2
18 5
14 5
35 4
10 5
14 5
34 8
15 5
14 9
33 4
13 8
15 2
127 6
20 8
77. 2
7 8
129
?l
77
7
°
3
8
8
130
20
78
8
5
8
8
1
139
21
79
8
3
5
5
3
92 9
14. 2
30 8
7. 5
94
14
31
7
9
8
1
6
90
15
31
7
4
0
5
7
98
15
31
7
0
2
9
8
260 8
33 0 !
13 7 ,
15 0
i
i
s
134 o
O1
i
i
9
SO 5
S 5 '
•'
')'' 7 '
1.") 0 '
7 <)
,
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
mil. of dol .
15, 905
15,824
15,894
19, 268
13,866
13, 686
15,804
1 5, 029
16, 257
16, 724
15,526
16,335
do
do
do
do
5,900
3 367
3,201
167
5, 564
2 964
2, 786
177
5, 539
3 039
2,866
172
6, 186
3 118
2,910
208
4, 690
2 744
2, 626
118
2 812
2, 688
124
5 421
3 195
3, 044
151
5 352
3 058
2,899
159
5 798
3 238
3, 056
183
6, 053
3 363
3, 155
208
5 573
3 066
2, 880
186
5 739
3 110
2! 9 19
191
Furniture and appliance group _
Furniture, homefurnishings stores
Household-appliance, radio stores
do
do
do
822
490
331
909
562
348
927
584
343
1. 163
704
459
761
462
299
757
464
293
808
502
300
787
491
290
874
553
321
921
556
364
846
516
331
900
560
334
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores
do
do
do
1 037
786
251
1 047
788
259
958
715
244
947
630
317
701
526
175
698
527
171
843
036
9Q7
929
701
227
1 035
769
266
1 090
814
275
1 024
774
250
do
do
do
do
do
do
10, 005
910
166
342
206
197
10, 260
974
193
374
227
180
10, 355
988
219
382
222
165
13, 083
1 598
402
621
353
222
9, 176
721
161
292
143
125
8,911
667
137
278
135
116
10 443
1 003
180
403
210
204
9,677
833
160
344
172
157
10 459
903
193
388
199
182
10, 671
989
227
364
203
195
9 953
768
103
29!)
108
140
-do -.
do
do
do
do
425
1,220
3 766
3, 205
1 049
437
1,204
3 705
3, 140
1 083
432
1,126
3 648
3,078
1 085
590
1, 182
4 168
3 542
1 104
459
1,084
3 517
2 986
1 012
451
1,041
3 446
2,927
983 '
479
1 114
3 939
3 376
446
1, 134
3 532
3, 006
1 090
477
1, 209
3 780
3,221
1 154
477
1, 270
3 980
3,413
1 201
404
1 300
3 779
3 215
1 239
General-merchandise group
do
Department stores, excl. mail-order o" - - --do
Mail-order (catalog sales)
do
Variety stores
do
Other general-merchandise stores
.- ..do-_ Liquor stores ._.
.
do
1 674
920
112
266
377
302
1 807
993
116
282
416
312
1 956
1,076
158
291
432
319
3 010
1,617
183
595
616
493
1 278
693
89
191
305
274
1 271
667
97
206
300
263 i
1 649
884
106
274 i
386
300 i
1 514
854
95
221
346
282
1 703
941
113
250
392
308
1 700
932
105
274
388
313
1 414
748
90
245
330
318
15,840
15, 777
15, 808
15,795
15,658
15,346 i
15, 541
15, 892
15, 998
16,019
l
:
5 400
3' 049
2,881 !
109 !
5 303
2 807
2, 703
104
5 396
2 961
2,785
176
Durable-goods stores 9 - Automotive group
Motor-vehicle, other automotive dealers
Tire, battery, accessory dealers
Nondurable-goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores. _
Shoe stores
Drug and proprietary stores, _
Eating and drinking places
_
Food group
Grocery stores
_ __ _ .
Gasoline service stations
__
Estimated sales (seasonally adjusted) , total
do
15,740
Durable-goods stores 9
do
Automotive group
do
Motor-vehicle, other automotive dealers-do
Tire, battery, accessory dealers--- - - . do .--
5 840
3 384
3,214
171
5 764
3 280
3,107
173
5 689
3 261
3,090
171
5 677
3 233
3, 068
165
5 456
3' 020
2, 809
151
Furniture and appliance group _ _ - ... do-Furniture, homefurnishings stores
do
Household-appliance, radio stores . - - do- -
826
497
329
849
517
332
838
525
313
873
546
327
869
543
326
859
539
319
877 ;
540
337 !
895
546
348
863
524
340
Lumber, building, hardware group
do
Lumber, building-materials dealers.. _ -do. ..
Hardware stores. . - . . _ _ _ _
do _ -
950
705
245
963
725 I
238 |
935
710
225
929
(589
240
938
099
238
899 |
674
225 i
925
692 i
234
958
718
240
945
701
245
10 202
927
200
368
189
169
9 992
924 !1
191
304 !
200 '
170
10 238
921
198
355
199
168
10 496
965
201
373
222
170
465
171
747
186
082
455 !
1 152 !
3,680
3 128 i
1,088
467
1 200
3 702
3 167
l' 130
483
1 202
3 818
3 260
1 135
Nondurable-goods stores 9 Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
__
Drug and proprietary stores.
Eating and drinking places
Food group
_
Grocery stores
Gasoline service stations _
.
_
do
do
do
-do. - do
do. -
10, 000
895
183
346
192
173
10,013
908
183
355
201
169
10 119
916
191
354
200
172
10 118
912
193
372
189
159
do. - _
do
do
do
do
449
1, 167
3,696
3,133
1,033
447
1,159
3,686
3 121
1,042
447
1,164
3,728
3,164
1,078
459
1 158
3. 726
3 176
1,083
I
3
3
1
5 354
3 008
2,855 'l
153
10 274
916
177
368
201
170
1
3
3
1
485
:
192 !
756 i
205 i
154
15,730 ! ' 16,321
r
r
1 050
800 '
951 i
10 590
803
108
338
190
107
1
3
3
1
r
r
T
r
r
i 485
1 , 240
3 851
3 27 0
1 901
\ 09')
MM 4 •
3 OH
°~ r )
379
394
1 823
L020
15,992
3 022 •
2,845 i
178 "
2 754
2.573
180
899
537
362
899
550
349
880 i
552 ;
333
M()8
r
)5S
350
979
716
263
968
720
248
933
0)88
480 '
241
709 ;
215 *
163
10 505
956
209
304
215
168
479
1 191
3 842
3 272 I
1 150
949 ;
10 OO9
077 >
209 .
392
950
100 •
10 741 i
1 039
223 i
411
213
192
487
1
915
..
900 ;
711 !
94,5 i
3 890 '
3 30(j
1 164
'1, 000
r
405
1 , 240
3 890
3 323
1 181
10,253 i
10 498
957
210
366 j
209
172
i 954
10, 500
r
981
188
374
225
194
i
!
i
475
333
988
400
253
860
518
342
1 , 000 _
701
245 i _
'
1 003 i
'898
120 1
271 '
374
328 '
r
5. 230
2 670 ; i 2 800
2,507 '
109
5 514
2 981
2, 800
174
5 500
2 997 j
2,812 !
184 !
1
3
3
1
T
4Q°
i
|
l~g ;
3' 018
3' 3vp
l' 105
General-merchandise group
do _ 1,693
1,711
1,700
1 672
1 714
1 702
1 702
1 045
1 752
1 763
1 730
1 781
1 773
923
914
Department stores, excl. mail-order
do
926
936
913
943
878
913
940
974
948
'971
'989
Mail-order (catalog sales)
do
110
113
110
117
115
112
111
113
122
116
118
123
116
282
Variety stores
- . _ _ _ do ...
290
286
273
279
273
256
282
291
268
278
294
295 i
Other general-merchandise stores
_ - do _ 385
384
378
385
385
392
370
403
412
384
380
393
374 i
307
308
306
Liquor stores
do
300
318
315
342
315
327
298
329
346
323 !
••Revised.
i Advance estimate.
^Revised series. Estimates of personal consumption expenditures have been revised back to 1952 (see pp. 7 IT. of the July 1956 SURVEY); for data prior to 1952, sec the 1954 NATIONAL INCOME
SUPPLEMENT.
9 Includes data not showrn separately.
cf
1951 monthly average for combined department-store and mail-order sales (old series) shown in the 1955 edition of BUSINESS STATISTICS should read $927,000,000.
DigitizedCorrection:
for FRASER
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November
1955
1956
Septem- October Novem- December
ber
ber
January
February
March | April
May
June
July
August
s
'^™'- (),tohcr
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores — Continued
Estimated inventories:
Unadjusted, total
Durable-goods stores
Nondurable-goods stores
23, 300
10, 390
12,910
23, 890
10, 390
13, 500
24, 780
10, 930
13, 850
22, 440
10.410
1 2, 030
22, 790
10, 870
11,920
23, 840
11,330
12, 510
24, 540
11,680
12, 860
24, 880
11, 830
13 050
24 450
11.490
12 960
23 510
10 860
12 650
23, 230
Seasonally adjusted, total
do
10, 720
Durable-goods stores 9
do__
3,970
Automotive group - _ _ _ __ _
. _ do _ _
1,970
Furniture and appliance group
do
Lumber, building, hardware group
do
; 2,380
23, 290
10, 720
3,990
1,960
2,380
23, 590
11, 000
4, 250
1,980
2,360
23 900
11,230
4.470
1,970
2.380
24, 080
11,390
4, 680
1,980
2.340
24, 210
11,450
4,710
2,010
2, 350
23, 820
11, 220
4,490
1,980
2,360
°3 880
11 100
4,380
1 990
2,340
23 900
11 030
4,310
2 000
2,320
23 830
10 750
4 010
2 010
2, 330
23, 300
23 540
10, 650
10, 400
12' 650 i 13 140 1
23 800 ' ' 23 750 <
10, 650
10 470 :
3.960
3,880 !;
2 000
1 990
2.270 r 2. 190 i
do
! 12,510
d o _ _ i 2,760
2,480
do
do . . ' 4, 050
12,570
2,780
2,540
4, 050
12, 590
2,760
2, 570
4,080
12. 670
2,720
2,570
4,170
12, 690
2, 660
2,600
4.170
12, 760
2,690
2, 580
4,200
12,600
2, 660
2, 570
4,100
12, 780
2,720
2 600
4, 140
12, 870
2,740
2 680
4,090
13,080
2 780
2 750
4 160
13, 150
2,810
2, 760
4, 180
2,896
2,949
2,994
4,029
2,449
2,464
3,058
2 722
3 014
3 167
2 770
3 052
3 009
185
12
69
68
196
17
76
62
201
20
78
59
316
33
12S
91
128
11
48
43
121
9
48
40
222
16
84
78
160
12
61
58
192
14
76
69
200
16
76
75
143
10
57
55
162
10
68
60
194
63
62
27
65
63
33
63
60
35
99
63
33
62
56
25
62
56
24
69
61
30
63
60
26
66
63
31
69
66
29
67
65
26
67
67
29
938
428
1,470
596
281
600
271
792
366
748
388
838
417
867
430
722
350
_
Nondurable-goods stores 9
Apparel group
Food group
General-merchandise group
. mil. ofdol
.
do
do
_
Firms with 11 or more stores:
Estimated sales (unadjusted) total 9
do
Apparel group 9
Men's and boys' wear stores _
Women's apparel accessory stores
Shoe stores
do
do_
do
do
Drug and proprietary stores
Eating and drinking places
_ . _
Furniture, homefurnishings stores
do
do _.
do
do
do_
stores
of dol.
do _
do
do
do
827
404
874
425
120
200
1, 225
81
57
130
212
141
224
221
456
87
144
1,200
1,175
1,417
82
156
1,145
1,166
do _
2. 875
2,820
2,898
2,916
Apparel group 9
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do_ Shoe stores
do
Drug and proprietary stores _
do
Eating and drinking places _ _
_ . __do._.
Furniture, homefurnishings stores
do
181
15
70
61
66
60
28
182
16
72
60
65
60
30
189
16
73
64
66
62
29
General-merchandise group 9
Department stores
_
Dry-goods, other general-merchandise
mil.
Variety stores
_-__
Grocery stores
Lumber building-materials dealers
Tire, battery, accessory stores
839
397
800
376
126
215
1,203
69
60
120
205
1, 185
137
274
148
282
163
296
217
333
178
330
150
324
146
321
145
319
148
318
145
318
45
15
47
15
47
15
46
15
43
14
44
14
47
16
43
15
46
15
44
44
12
44
43
13
44
44
12
46
43
11
45
42
13
44
43
13
44
43
13
44
43
13
123
128
148
212
95
92
111
136
120
123
116
154
115
126
125
146
131
165
141
147
147
155
142
255
206
204
205
247
211
113
87
91
91
114
93
114
84
87
90
111
92
146
91
109
106
134
112
'124
126
116
125
140
135
126
126
139
159
164
149
145
180
194
213
237
208
217
83
90
90
95
95
100
84
85
91
96
95
97
General-merchandise group 9
Department stores
_.
Dry-goods, other general-merchandise
mil.
Varicty stores .
,__
_
Grocery stores
Lumber, building-materials dealers
Tire battery, accessorv stores
Estimated sales (seas, adj.), tota!9 - -
do
do
stores
of dol__
do
do
do
do
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49=100
Installment accounts _
do . .
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
Sales, unadjusted, total U. S 4 _ _ _
1947-49= 100 ..
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
do
do
do
do
do
do
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
do
do
do
do
do
do
Sales seasonally adjusted, total U S.t
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
-
-
do
do
do
do
do
do__.
do
do
do __
do
do
do
do
' 134
127
119
111
124
138
122
78
59
68
59
622
117
215
1,389
103
170
1,174
118
197
1,280
127
211
1, 221
78
74
76
64
52
45
61
55
69
57
2. 936
2,905
2,954
2,914
3,000
2 999
185
16
74
60
70
62
28
184
14
70
66
67
60
33
176
13
70
59
66
62
29
181
14
72
65
71
62
28
172
14
66
60
66
60
29
185
14
72
65
68
61
28
833
388
820
384
861
417
829
397
836
395
839
416
121
216
1,208
120
208
1, 240
124
213
1,218
118
208
1, 239
125
216
1,261
115
204
1,237
70
58
69
59
58
85
69
60
53
44
70
59
66
57
69
61
72
61
75
67
103
185
1.377
^3 540
10 030 i
13 510
°3 430
10 260
3, 630
2 010
2,170
i
1
i
1
L
' 13. 280 13. 170 ;
2,840
2. son
2 81(1
2 790
T
4, 1 70 '•
4, 220
T
13 !
P.8 i
74 ;
65
97
,
858
857
412
4 °5 '
130
207
1,324
126
206 i
1,274 <
81
63
57
3,019
' 3, 075
3, 058
186
14
73
64
70
64
30
184
15
70
64
68
61
30
193
15
75
68
70
63
28
856
397
843
392
862
405
'892
'430
870
414
126
218
1,286
126
216
1,284
125
221
1.294
125
224
1,307
131 !
218 !
1,304
190 ;
15 i
71 i
66 i
70
63 .
29 !
68
68
58
63
132
315
134
316
321
46
15
44
14
45
14
44
15 ;
44
44
12
45
42
13
45
42
13
45
42
13
44
43
13
113
121
119
101
113
* 131
136
106
110
109
132
117
143
112
119
114
143
124
131
114
121
113
130
119
128
84
97
98
129
107
140
95
113
110
138
124
p
p
P
P
P
P
152
12."
132
127
140 i
128
95
98
111
125
115
110
109
97
109
122
115
117
113
108
120
136
129
120
105
111
117
128
117
120
91
83
88
111
104
115
'111
90
100
122
117
126
P
P
P
P
P
P
137
122 :
131 !
144
129 '
128
70
62
69
64
70
61
!
148 \
P 129
121
122
122
123
124
118
122
122
122
124
128
128
P 129 !
ri4i
112
118
116
'134
127
148
114
120
120
138
125
142
116
121
118
136
124
147
114
121
119
147
124
147
111
120
117
144
123
143
111
112
116
139
117
143
102
124
116
144
126
144
111
117
120
144
124
146
112
120
118
145
125
147
114
124
118
143
124
160
116
123
128
152
130
156
118
'126
121
148
131
p
p
p
p
p
P
157 '
117 !
127 I
127 i
140 !
128 '
112
109
109
120
132
122
126
110
110
121
134
124
125
110
110
122
132
125
123
116
114
120
138
126
108
105
118
129
122
124
112
107
116
137
128
128
112
104
121
131
123
131
112
110
121
135
129
122
114
115
125
134
119
126
113
116
119
140
135
132
116
117
124
145
129
131
P
P
P
P
P
P
129
120
127
140
127
131
'109
120
'135
119
' 127
'129
P 123
:
[
' Revised.
* Preliminary.
9 Includes data not shown separately.
{Data for 1946-55 have been revised to reflect current seasonal patterns and to allow for changes in the samples used in computing the unadjusted indexes. Revisions beginning with 1946
for total United States appear on p. 24 of the October 1955 SURVEY; unpublished revisions for the districts are available upon request.
SURVEY OF CUREENT BUSINESS
November 1956
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of SeptemDecemOctober NovemBUSINESS STATISTICS
ber
ber
ber
S-ll
1956
January
February
March
April
May
June
July
October
August September
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued
Stocks, total U. S., end of monthrt
Unadjusted
Seasonally adjusted
Mail-order and store sales:
Total sales, 2 companies
Montgomery Ward & Co
Sears, Roebuck & Co .._
1947-49-100
do
thous. ofdol
do
_ _ do
145
129
148
131
119
134
123
137
131
138
139
135
142
136
139
134
131
137
130
138
138
141
v 146
P139
391, 339 '414,688
' 92, 152 ••103,018
299, 187 311, 670
431, 702
110, 174
321, 527
570, 391
146, 155
424, 236
286, 607
58, 523
228, 084
279, 770
62, 142
217, 628
348, 888
83, 275
265, 612
376, 929
96, 505
280, 424
411, 143
93, 587
317, 556
426, 197
97, 221
328, 976
355, 917
79, 888
276, 030
421, 668
94, 813
326, 855
405, 229
94, 412
310,817
135
129
r
440, 456
112.898
327, 558
WHOLESALE TRADE
Sales estimated (unadj ) total
Durable-goods establishments
Nondurable-goods establishments
mil of dol
do
do
Inventories estimated (unadj ) total
Durable-goods establishments
Nondurable-goods establishments
do
do
do
10, 730
3,640
7,090
10, 500
3,590
6,910
10, 600
3,530
7,070
10, 180
3,410
6,770
9,360
3,120
6,240
9,540
3,230
6,310
10, 240
3,540
6,700
9,900
3,530
6,370
10, 650
3,790
6,860
10, 500
3,790
6,710
10, 060 ' 11, 120
3,500 r 3, 780
7, 340
6,560
10, 480
3,560
6,920
12,180
6,000
6, 180
12, 600
6,060
6,540
12, 620
6, 060
6,560
12, 290
6, 080
6,210
12, 480
6, 280
6,200
12, 570
6,470
6,100
12, 620
6,680
5,940
12, 620
6,780
5,840
12, 500
6,760
5,740
12, 370
6,710
5.660
12, 630
6,590
6,040
12, 830
6,530
6,300
13, 110
6, 600
6,510
"
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseasd"
thousands. _ 165, 787
166, 056
166, 307
166, 540
166, 766
166, 995
167, 211
167, 440
167, 649
167, 858
168, 091
168, 360
168, 638
168, 921
119, 198
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, tota!0
thousands
117, 634
117, 749
117, 864
117, 995
118,080
118, 180
118,293
118, 367
118, 537
118, 632
118, 762
118, 891
119, 047
do
69, 853
70, 250
70, 164
69, 538
68, 691
68, 396
68, 806
69, 434
70, 711
72, 274
72, 325
71, 787
70, 896
70, 905
do
do
do
do
do
66, 882
64, 733
7, 875
56, 858
2,149
67, 292
65, 161
7,905
57, 256
2,131
67, 206
64, 807
6,920
57, 887
2,398
66, 592
64, 165
5,884
58, 281
2,427
65, 775
62, 891
5,635
57, 256
2,885
65, 490
62, 576
5,469
57, 107
2,914
65, 913
63, 078
5, 678
57, 400
2,834
66, 555
63, 990
6, 387
57, 603
2,564
67, 846
65, 238
7,146
58, 092
2,608
69, 430
66, 503
7,876
58, 627
2,927
69, 489
66, 655
7,700
58, 955
2,833
68, 947
66, 752
7,265
59, 487
2,195
68, 069
66, 071
7,388
58, 683
1,998
68, 082
66. 174
7,173
59. 000
1, 909
_
do
47, 781
47, 499
47, 701
48, 457
49, 388
49, 784
49, 488
48, 933
47, 826
46, 357
46, 437
47, 105
48, 151
48, 293
Employees in nonagricultural establishments:!
Total, unadjusted (U. S. Dept. of Labor)
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
do
50, 992
16, 919
9,640
7,279
51, 125
17, 006
9,761
7,245
51, 262
17,052
9,864
7,188
51, 996
17, 027
9,886
7,141
50, 284
16, 842
9,811
7,031
50, 246
16, 824
9,776
7,048
50, 499
16, 764
9,730
7,034
50, 848
16, 769
9,795
6,974
51, 197
16, 715
9,747
6,968
51, 709
16, 809
9,764
7,045
50, 896 ' 51, 881 ' 52, 183 P 52,370
16, 291 '17,034 ' 17, 079 v 17, 184
9,277 ' 9, 743 ' 9, 766 P 9. 921
7,014 ' 7, 291 '7,313 p 7, 263
784
105
32
218
778
105
32
219
783
105
33
221
783
106
33
222
777
106
33
223
780
107
34
225
783
107
32
223
790
109
31
223
786
108
27
224
812
111
32
226
746
85
31
183
'817
'109
32
'228
318
112
3,094
4,148
1,242
115
785
728
43
569
312
110
3,031
4,121
1, 235
114
794
715
43
563
315
109
2,921
4,139
1, 226
113
802
735
42
563
316
106
2,756
4,161
1,229
113
807
738
43
563
310
105
2,588
4,083
1,193
112
780
737
43
561
310
105
2,588
4,083
1,188
110
777
743
42
561
314
107
2,669
4, 106
1,189
111
785
748
43
563
315
111
2,853
4,121
1,196
111
783
753
43
565
315
113
3,040
4,138
1,208
110
784
755
43
567
329
115
3,257
4,181
1,223
110
791
761
43
577
'333
115
3,270
4,148
1,173
109
789
'778
43
585
'332
'116
'3,353
' 4, 178
1,185
108
'800
780
43
'585
do
do
do
_ do
do
do
10, 902
2,880
8,022
1,415
1,501
815
10, 990
2,912
8,078
1, 465
1, 512
815
11,213
2,946
8,267
1,595
1,539
822
11,849
2,964
8,885
1,984
1, 570
836
10, 920
2,925
7,995
1,397
1,546
816
10, 819
2,924
7,895
1, 333
1,551
811
10, 931
2,926
8,005
1,384
1, 553
806
10, 928
2,920
8,008
1,370
1,557
804
10, 985
2,920
8,065
1,395
1,567
801
11,091
2,955
8,136
1,382
1,578
801
do
do
do
- _.do_.
do
do
2 248
5, 971
514
336
164
6,926
2,241
5,915
479
334
167
7,043
2,238
5,883
471
333
166
7,033
2,243
5, 853
466
331
163
7,324
2,238
5,803
458
331
162
7,033
2,250
5,818
467
329
161
7,084
2, 265
5,859
468
330
163
7,122
2,278
5,979
486
331
165
7,130
2,289
6,041
492
335
169
7,203
2,320
6,089
521
339
173
7,150
50, 448
16, 683
9,628
7,055
50, 594
16, 810
9,719
7,091
50, 745
16, 941
9,815
7,126
50, 948
16, 975
9,850
7,125
51,080
16, 944
9,833
7,111
51, 127
16, 879
9,766
7,113
51,057
16, 804
9,703
7,101
51, 327
16,918
9,799
7,119
51, 454
16, 909
9,766
7,143
51, 600
16, 877
9,752
7,125
51, 003 ' 51, 702 ' 51, 603 p 51, 81 7
16, 460 ' 16, 890 ' 16, 826 P 16. 989
9,392 ' 9, 784 ' 9, 754 p 9, 883
7,068 ' 7, 106 ' 7, 072 P 7, 106
780
2,852
4,117
10, 902
2,248
5,883
6,983
778
2,833
4,110
10, 921
2,252
5, 886
7,004
779
2,822
4,128
10, 953
2,249
5,913
6,960
779
2,827
4, 136
11,020
2,254
5, 942
7,015
777
2,876
4,145
11,083
2,261
5,952
7,042
780
2,924
4, 131
11,105
2,273
5,967
7,068
783
2,966
4,127
11,027
2,276
5,979
7,095
798
3,003
4,128
11, 120
2,278
5,979
7,103
794
3,055
4,141
11,110
2,289
5,981
7,175
808
3,132
4,164
11,162
2,297
5,999
7,161
750
'809
3,056 ' 3, 076
4,117 ' 4, 147
11. 152 '11,211
2,296 ' 2, 320
6,017
6,017
7,155 ' 7, 232
Total labor force, including Armed Forces
Civilian labor force, total
Employed Agricultural employment
Nonagricultural employment
Unemployed,, __
Not in labor force
Mining, total
__ ,_
. do _
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands. _
Nomnetallic mining and quarrying
do
Contract construction
do
Transportation and public utilities 9 do
Interstate railroads
do
Local railways and bus lines. do
Trucking and warehousing*
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade
Wholesale trade - . .__
Retail trade 9
General-merchandise stores.Food and liquor stores
Automotive and accessories dealers
Finance insurance, and real estate
Service and miscellaneous 9 Hotels and lodging places
Laundries . _ _ . _
Cleaning and dyeing plants
Government
Total, seasonally adjusted f
Manufacturing
Durable-goods industries
Nondurable -goods industries __
.do
do
do
_ _ _ do
Mining
...
_ _ _ _ do___
Contract construction
do
Transportation and public utilities
do
Wholesale and retail trade
do
Finance, insurance, and real estate -do
Service and miscellaneous _ _
_ do _
Government
do
'816
'113
32
'230
p 812
p 112
"231
326
' 115
p 114
' 3, 335 P 3, 282
' 4, 178 M, 171
1, 188
108
809
773
43
580
11,015 ' 11,047 ' 11, 138 Ml, 259
2,974 '3,002 ' 3, 000 "3,017
8,041 '8,045 ' 8, 138 P 8, 242
1,340 '1,347 ' 1, 402 P 1. 446
1, 575 ' 1, 569 ' 1, 583 p 1, 605
'789
802
'796
"788
2,342
6,137
'580
'342
r
167
6,947
' 2, 355 ' 2, 323 J> 2, 309
6,137
6, 104 •" 6, 039
511
'583
334
337
' 162
166
' 6, 960 ' 7, 210 p7,314
'812
p812
' 3, 074 P 3, 067
' 4, 148 p 4, 160
Ml, 138 Ml, 18S
' 2, 323 p 2. 321
6,014 p 6, 009
r 7, 268 P 7,271
Production workers in manufacturing industries:
13, 365
13, 487
13, 260
13, 212
13, 440
13, 451
13, 125
13,114
13, 036
Total (U. S. Dept. of Labor) f
thousands
13, 078
12, 514 ' 13, 245 ' 13, 299 P 13, 387
7,612
7,692
7,613
7,721
7,829
7,838
7,751
7,621
Durable-goods industries. _ _ _ _ . - _ _ _ _ d o
7,674
7,602
7,081 ' 7, 541 ' 7, 567 p 7, 701
91
89
87
87
86
84
84
83
83
82
'80
80
Ordnance and accessories
_. do .
89
P 80
' Revised, p Preliminary, t See corresponding note on p. S-10. cf Revised estimates for July 1953-December 1954 are available upon request. 9 Includes data for industries not
shown.
© Data beginning May 1956 are derived from an expanded sample of about 35,000 households in 330 areas. Data through April 1956 from the previous sample can be used as a continuous
series with the estimates beginning May 1956 but some allowance should be made for the sample expansion in interpreting April-to-May net changes. Figures for May 1956 based on former
sample, in order as shown above (thous.): 118,537; 70,604; 67,739; 65,159; 7,160; 57,999; 2,580; 47,933. Beginning July 1955, estimates relate to the calendar week which contains the 12th of the
month (except December 1955 estimates which cover the week of Dec. 4-10); earlier data relate to the calendar week containing the 8th of the month.
t Data beginning 1954 for employment, hours, and earnings have been adjusted to the 1st quarter 1955 benchmark and are not comparable with previously published figures. Revised data
for 1954-April 1955 may be obtained, within the next few weeks, upon request to the U. S. Department of Labor, Bureau of Labor Statistics, Division of Manpower and Employment Statistics.
*New
series. Figures relate to establishments primarily engaged in local or long-distance trucking, transfer, and draying services or in the storage of farm products and other goods.
SURVEY OF CURRENT BUSINESS
S-12
November 10." (>
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
October
August September
EMPLOYMENT AND POPULATION—Continued
i
EMPLOYMENT— Continued
Production workers in mfg. industries — Continuedf
Total (U. S. Dept, of Labor)— Continued
Durable-goods industries — Continued
Lumber and wood products (except furniture)
thousands. .
Sawmills and planing mills
do
Furniture and fixtures __
_ - - do
Stone, clay, and glass products
do
Primary metal industries 9
- do
Blast furnaces, steel works, and rolling mills
thousands
Primary smelting and refining of nonferrous
metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands, _
Machinery Cexcept electrical)
do
Electrical machinery
. _ _ _ _ _ _ _ _ _ do .
Transportation equipment 9
do
Automobiles,
do_
Aircraft and parts
do
Ship and boat building and repairs
do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries ._ _. . ...do. .
Nondurable-goods industries
Food and kindred products 9
Meat products
.
_.
Dairy products
Canning and preserving .
Bakery products
Beverages .
_____
do
do
-do
do
do
do
do
Tobacco manufactures
_ do
Textile-mill products 9
do
Broad-woven fabric mills
do
Knitting mills ._ _ _ ___
_ ..do..
Apparel and other finished textile products
thousands. _
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
thousands _Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
_
_ _ . do
Rubber products
do
Tires and inner tubes
do _ _
Leather and leather products
do
Footwear (except rubber)
do
Production workers in manufacturing industries,
seasonally adjusted:
Totalf
thousands
Nondurable-goods industries
- _ __
do
Production workers in manufacturing industries:
Indexes of employment:!
Unadjusted
1947-49=100.Seasonally adjusted
do
715
378
688
'366
304
473
743
087
P 678
'700
360
'368
'316
'322
P 323
' 47G
P 480
'482
' 1, 091 ' 1, 120 ; P 1, 128
323
482
1,118
705
373
327
481
1,118
685
364
327
480
1,133
654
353
325
474
1,141
635
346
322
468
1,141
635
348
322
466
1, 138
619
344
318
472
1,130
642
350
315
478
1,136
567
559
564
567
567
567
563
568
557
564
211
552
568 i
53
53
54
54
54
54
55
55
55
56
57
54
58
912
1,162
668
501
103
44
227
412
'922
1,206
880
1,344
688
503
101
44
230
420
932
1,225
866
1,446
784
510
100
44
230
418
928
1,250
868
1,471
796
516
105
46
231
408
913
1,261
854
] 449
772
517
106
46
230
392
899
1,274
849
1 392
713
519
106
46
231
400
893
1,281
842
1 354
678
512
110
47
231
398
895
1 292
874
1 332
655
512
110
48
231
394
881
1,281
872
1,295
613
513
113
48
231
395
870
1,278
866
1, 269
574
523
116
47
231
395
825
1,254
854
1,250
'561
523
'114
5,753
1,255
263
78
330
173
126
5,719
1,200
265
73
264
175
124
5, 658
1,139
269
71
204
175
120
5,613
1,079
270
69
161
175
116
5 509
1.022
264
67
141
170
no
5 520
1,013
259
68
140
169
110
5 504
1.021
262
71
140
169
115
5 440
1,023
256
74
147
170
117
5 423
1,051
258
77
159
172
120
5,476
1,104
262
81
188
175
129
5,433
1,158
265
83
'238
T
174
132
' 5, 704
' 1, 276
'268
81
'353
r
175
r
127
118
989
438
208
118
992
439
211
104
998
441
212
101
1 000
443
208
95
991
443
203
90
989
440
205
82
981
438
203
79
971
436
200
80
963
432
202
80
960
432
204
77
922
'198
' 103
'950
'426
'206
1,100
463
232
1, 108
465
232
1,120
466
234
1,122
465
234
1,105
458
232
1,131
456
230
1,116
457
231
1,068
460
232
1,049
462
234
1,049
466
238
1,020
461
'236
' 1,
082
;
' 469
'239
1,078
'471
239
p'l,0'-)0
P471
537
551
218
175
132
221
92
344
223
542
555
217
173
130
224
92
342
220
547
555
218
172
130
228
94
330
209
545
556
219
171
130
231
94
346
226
538
556
220
171
130
230
94
345
228
540
558
221
170
129
225
93
350
230
545
566
221
172
130
221
93
344
227
547
569
221
171
130
219
92
332
218
547
559
220
172
130
216
92
325
214
549
552
219
175
132
209
90
334
219
544
544
213
170
134
208
'90
330
'216
550 1
'549 •
'217 i
' 178
M35 ;
'211 :
'90 i
'338 !
'219
r 5-"4
553
216
P 559
P 555
13, 132
7 598
5, 534
13,250
7 680
5,570
13, 379
7 781
5,598
13 399
7 800
5, 599
13 356
7 770
5,586
13 263
7 681
5^582
13 158
7 594
5,564
13 251
7 675
5,576
13, 224
7 633
5,591
13, 149
7 592
5, 557
108.1
106.2
108.7
107.1
109.0
108.2
108.7
108.3
107.2
108 0
106.8
107 2
106.1
106.4
106.0
107.1
105.4
106.9
2, 146. 1
209.6
2, 142. 2
209.6
2,410.
0 2, 130. 0
1
214. 6
207.6
2. 134. 0
207.9
2, 135. 8
207.9
2, 142. 1
207.8
845
1,324
Miscellaneous employment data:
Federal civilian employees (executive branch):
2, 146. 9
United States, continental
thousands
209.2
Washington, D. C., metropolitan area
do
Railway employees (class I steam railways) :
1,122
Total
thousands
Indexes:
84.7
Unadjusted
1947-49=100-84.5
SeasoDally adjusted
do
1
696
369
311
484
1,118
667
359
311 |
480
1,117
r
r 44
229
381
r414
r
r
5 732
r 1.292
268
101.2
102.6
2,150.0 ' 2, 166. 6
211.7
207.6
2, 182. 0
212.8
r
1 25
P 108
P 9;i4
' 110
' 950
424
205
134
'217
92
331
r
|
1,115
1,107
1,103
1, 078
1,075
1,075
1,083
1,097
1,110
1,058
1,071
1
84.2
86.0
83.6
85.5
83.0
84.8
81.1
80.3
80.7
80 8
80.7
81.4
81.3
82.4
82.4
81.3
83.4
81.6
80.0
78 3
80.4
79.0
i
161.1
163.8
163.7
159. 1
157. 7
157.9
158.2
157.3
158.2
151. 0
' 161.4
:
..
P218
P 331
213
r
107.1
106. 0
2, 181. 1
211.9
P 5 686
P 1,227
_ -
371
173
12, 693 ' 13, 115 > r 13 054
7 197 ' 7 583
5,496 ' 5, 532 r 5, 497
105.7
106. 3
r
864
'887
P 907
' 1, 257 '1,261 v 1,267
'878
' 892 :
P 909
' 1, 235 ' 1, 190 i P 1, 267
'541
490
543
'535
' 107
106 ;
41 i
43
' 236 ,
P 2:!9
233
'404
' 416
" 423
107. 5
105. 5
P 13 !'•){>
P 5, 535
P 108, 2
v 106 7
2, 169. 1 '
209.3 !
1,075
1 075
r 80. 7
*> 80. 5
P 80. 7
P 82 4
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor) f
1947-49 = 100--
158.6
••165.3 ; P 167.7
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :f
T
40.2
41.2
'40.3
41.3
40.3
40.1
40.9
41.1
40.5
40.4
'40.1
40.7
40. 7
P 40. 6
All manufacturing industries
hours
2.7
2.6
2 7
2.7
2 7
30
28
26
Average overtime*
do
'31
P3 0
r
40.8
40.8
41.5
'40.8
41.7
41.8
42.0
41.2
41.1
'40.7
41.4
P 41.4
41.0
40.9
Durable-goods industries
_ do
r
2.9
2.8
2.9
3.1
2.9
2.8
3.0
2.9
3. 3
"3 2
Average overtime*
do
41.6
41.8
41.0
41.0
41.3
41.3
41.2
41.3
41.8
'41.7
41.3
41.6
'41.7
P 42.4
Ordnance and accessories
do
Lumber and wood products (except furniture)
40.5
41.0
40.1
40.2
41.1
40.4
41.0
'41.4
hours. 39.6
39.9
'40.3
40.0
' 41. 1 ! P 40. 8
40.7
41.1
41.4
41.5
41.4
41.6
40.0
Ml. 2
40.6
40.1
39.8
'40.3
Sawmills and planing mills
do
40.8 :
39.9
40.3
42.3
42.4
42.0
42.3
40.2
Furniture and
fixtures
do
41.1
41.0
40.2
' 41.1
40.8
' 41.2 ! P 41 3
41.5
41.4
41.9
41.9
41.6
41.1
41.9
41.0
41.0
41.3
Stone, clay, and glass products . _ _
-do . _ _
40.9
41.0
' 41.3 ! P 41. 2
40.9
41.0
41.8
41.6
41.2
41.6
41 9
41 9
Primary metal industries 9
do
41.0
'39.7
' 41 2
P 40 9
41. 1
' 40.3
Blast furnaces, steel works, and rolling mills
r
40.6
40.7
41.4
40.6
hours
40.7
41.3
40.3
40.4
40.4
'38.9
38.7
41. 1 - __ 41.8
Primary smelting and refining of nonferrous
r
41.3
41.2
41.3
41.3
41.1
41 3
41.2
metals
hours
41 5
41.6
40 9
41 6 •
41 7
40 8
Fabricated metal prod, (except ordnance, ma42.2
40.8
41.0
41.8
41.9
41.9
41.1
41.0
41.1
chinery, transportation equipment)
hours.. 40.8
MO. 7
'41.6 '; P 4 1 . 8
40.9
42.2
1
42.1
42.3
42.0
42.4
43.2
42.4
42.5
Machinery (except electrical)..
do
42.7
42.6
'42.3
P41.9
'41.7
'41.7
r
l
Revised.
v Preliminary.
Includes Post Office employees hired for Christmas season; there were about 280,000 such employees in continental U. S. in December 1955.
fSee note marked "f" on p. S-ll.
9 Includes data for industries not shown.
*New series. Overtime hours (in excess of hours for either the straight-time workday or workweek) for which premiums were paid. Weekend and holiday hours are included only if pre
mium
wage rates were paid; hours for which only shift differential, hazard, incentive, or other types of premiums were paid are excluded. Data prior to January 1956 are not available.
SURVEY OF CURRENT BUSINESS
November 1956
S-13
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc. — Continued f
All manufacturing industries— Continued
Durable-goods industries— Continued
Electrical machinery..
. hours..
Transportation equipment 9
do
Automobiles
_ _
do
Aircraft and parts
do
Ship and boat building and repairs
do
Railroad equipment
_ d o __
Instruments and related products
do
Miscellaneous mfg. industries
do __
Nondurable-goods industries
__
Average overtime*
Food and kindred products 9
Meat products
Dairy products _ _
Canning and preserving
Bakery products
.
Beverages
Tobacco manufactures
Textile-mill products 9
Broad-woven fabric mills
Knitting mills
.
_
40.5
41.2
41.3
41.4
39.5
40.8
41.2
40.9
41.6
41.5
41.9
41.5
39.0
39.8
41.4
41.3
41.6
42.7
44.1
41.6
38.3
40.2
41.5
41.1
41.5
41.9
42.1
42.2
39.7
41.2
41.4
41.2
40.9
40.6
39.9
42.0
39.0
40.5
40.8
40.5
40.6
39.9
38.4
42.0
39.3
40.4
41.0
40.6
40.7
40.4
39.5
41.7
39.4
41.0
40.8
40.4
41.0
40.6
39 9
41.7
39.8
40.8
41.1
40.5
40.7
39.6
37.6
41.8
40.3
40.4
40.8
40.2
40.6
39.9
38.3
41.7
40.1
40.2
40.6
40.1
'40.1
MO. 8
-•39.9
Ml. 9
40.0
Ml.O
MO. 5
'39.6
40.5
40.8
'39.7
M2. 2
'39.9
'38.5
MO. 7
MO. 2
Ml.O
Ml. 4
40.6
42.4
39.8
41.0
Ml. 3
MO. 4
p 41.0
p 41.8
do .
do
do
do
do
do. __
do
do
40.1
40.3
40.3
40.4
41.6
42.9
43.5
39.9
41.2
41.0
41.6
42.8
43.0
39 9
41.0
40.0
41.5
44.5
42.5
36.5
40.9
39.9
41.8
44.5
42.6
38.3
40.8
39.9
39.9
2.7
41.5
43.8
42.7
38.8
40.4
39.7
39.8
2.5
40.7
41.3
42.8
38.4
40.5
39.8
39.6
2.5
40.6
41.6
42.7
37.5
40.3
39.9
39.2
2.4
40.2
40.3
42.3
37.3
40.3
40.0
39.1
2.3
40.6
40.8
42.8
38.4
40.7
40.2
39.2
2.4
41.2
41.8
43.6
39.0
40.9
40.8
'39.4
2.5
Ml. 2
41.5
M3.4
'39.7
Ml.O
Ml. 3
'39.6
2.5
Ml. 4
Ml.O
42.7
M2.0
MO. 5
40.8
39.7
'2.8
Ml. 9
42.6
42.9
42.1
40.9
40.1
P39.6
p 2.6
p 40.9
do
do
do __.
do
40.6
40.5
41.0
38.5
41.2
40.8
41.2
39.4
38.2
41.2
41.6
39.6
39.2
41.2
41.8
38.9
38.1
40.4
41.1
37. 8
36.6
40.5
41.0
38.6
37.8
39.9
40.7
37.8
37.9
39.3
40.2
36.7
38.8
38.9
39.7
37.2
39.2
38.7
39.1
37.5
'38.8
38.7
38.9
37.4
39.1
39.2
39.3
'38.0
MO. 3
'39.2
39.5
37.7
p 38.6
P 40. 0
36.8
43.6
44.5
37.2
43.5
44.6
37.0
43.5
44.9
37.1
43.6
45.1
36.5
43.1
44.8
37.4
42.7
44.1
36.7
43.0
44.4
36.2
42.8
44.2
35.7
42.4
43.9
35.5
42.7
44.2
35.8
M3.0
M4.6
36.5
M2.6
M3.9
'35.9
M2.9
44.1
P 36.5
p 43.0
39.3
41.5
41.1
41.3
40.8
41.5
41.4
37.2
36.3
39.1
41.5
40.8
41.6
41.4
42.0
42.0
37.6
36.6
39.1
41.7
41.3
41.0
41.0
42.4
42.0
37.9
37.0
39.6
41.8
41.4
41.0
41.0
41.3
39.8
39.1
38.8
38.7
41.4
41.2
41.3
41.3
40.7
40.4
39.0
39.0
38.6
41.3
40.9
40.7
40.5
40.1
39.4
39.5
39.7
39.0
41.2
40.7
41.2
40.6
39.5
38.9
38.2
38.2
38.8
41.2
40.8
41.2
41.3
39 9
39.2
36.6
36.0
38.7
41.3
40.9
40.7
40.5
39.9
39.7
36.5
35.8
38.6
41.3
41.3
41.1
40.7
39.5
39.3
37.3
36.7
38.6
41.1
41.0
Ml. 8
Ml. 5
'39.7
'39.1
'38.0
'37.9
'38.8
MO. 9
MO. 7
40.9
MO. 5
MO. 2
MO.O
'37.6
'37.1
p 39.1
'39.0
Ml. 2
p 41. 0
41.0
Ml. 6 "V40.7
41.3
MO. 7 "p~39.9
40.4
'36.7 "V36.9
35.8
42.8
33.9
36.5
42.8
35.7
37.4
42.4
32.9
36.1
43.0
34.6
39.6
43.2
35.1
38.6
42.5
33.3
38.5
41.9
28.3
38.2
42.4
30.9
37.8
43.2
29.2
38.0
42.7
33.7
38.1
M2.3
'35.6
'36.1
MO.I
33.3
'37.0
42.6
33.8
38.0
40.8
45.9
38.4
42.8
37.4
41.0
45.6
37.3
41.4
36.3
40.4
44.8
35.4
38.6
34.7
40.4
44.0
36.7
39.4
36.1
42.0
43.0
35.6
38.5
35.1
40.3
43.5
36.0
38.7
35.5
40.4
43.0
35.0
37.5
34.6
41.3
44.4
36.5
39.2
36.0
40.3
45.1
37.2
40.7
36.5
40.0
45.9
38.1
42.3
37.2
41.9
M5.6
37.9
M2. 4
'37.0
MO. 6
M5.2
38.1
42.4
37.2
42.3
45.8
38.4
42.6
37.4
43.0
40.1
42.4
41.4
42.4
39.9
42.2
41.6
42.9
40.2
41.9
41.5
43.7
39.7
42.0
41.4
42.5
39.4
41.7
41.4
42.8
39.1
41.6
41.1
42.9
39.1
41.7
41.1
42.7
39.1
42.0
41.3
43.5
39.0
42.6
41.1
43.8
39.3
42.3
41.3
43.3
'39.9
42.2
41.4
43.3
39.4
42.5
41.2
43.1
39.9
42.0
41.4
40.7
40.7
40.7
40.8
40.6
40.3
40.2
40.2
40.3
40.3
MO. 5
MO. 3
40.6
39.1
35.1
38.4
44.0
38.8
34.8
38.1
43.7
38.6
34.5
37.8
43.7
39.4
37.1
37.9
44.0
38.6
35.0
37.3
43.7
38.5
34.9
37.3
43.6
38.4
34.8
37.3
43.8
38.4
34.6
37.2
43.8
38.3
34.4
37.2
43.6
38.7
35.0
38.1
43.7
'39.1
'35.5
'38.6
43.9
39.1
35.6
'38.3
'43. 7
38.5
34.9
37.5
43.7
41.2
40.3
40.3
41.5
40.6
40.2
41.6
40.3
39.5
41.6
40.5
39.6
41.2
40.3
38.8
41.0
40.1
38.7
41.2
40.1
39.0
41.3
40.5
39.9
40.8
40.9
41.2
40.8
40.9
40.7
Ml.O
MO. 4
'39.6
MO. 8
'39.9
'38.1
40.8
40.3
40.0
453
234
431
214
242
84
150
61
250
85
250
70
250
50
350
140
450
190
350
115
400
620
350
125
325
150
717
381
2,770
654
292
2,470
451
201
2,630
303
178
2,340
350
190
2,000
350
190
2,200
350
175
2,000
450
210
1,500
550
280
2,800
500
235
2,100
550
710
13, 600
550
725
3,200
550
215
1,500
622
587
504
431
432
402
450
504
567
558
519
577
591
725
875
794
800
937
881
1,193
1,144
1,349
1,491
1,049
1,535
936
1,472
984
1,359
993
1,255
863
1,178
' 1, 119
1,209
'837
1,059
'761
988
763
83, 169
672
70, 091
685
74, 674
861
95, 153
1,202
135, 722
1,309
143, 923
1,313
151, 998
1,219
133, 926
1,064
125, 786
1,072
116, 040
976
111, 708
932
112, 207
889
94, 919
24
47
62
6,528
20
35
42
4,243
27
37
40
4,132
32
47
51
5,230
36
58
66
6,726
29
61
73
7,050
25
57
72
7,274
20
44
59
5,722
20
35
44
4,694
29
37
46
4,452
127
41
48
4,970
127
42
52
5,630
i 18
33
48
4,499
Apparel and other finished textile products
hours..
Paper and allied products
do
Pulp, paper, and paperboard mills
_.do
Printing, publishing, and allied industries
hours. _
Chemicals and allied products _
do
Industrial organic chemicals
. . do __
Products of petroleum and coal
do
Petroleum refining
_ do ..
Rubber products
do
Tires and inner tubes
.
do
Leather and leather products
do
Footwear (except rubber)
_
do
jSTonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal.,
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production. _ hours. _
Nonmetallic mining and quarrying
do
Contract construction
do
Non building construction..
.
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
_
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
hours. _
General-merchandise stores _
do
Food and liquor stores . . .
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
_
do
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
number
Workers involved
thousands
In effect during month:
Work stoppages
... __
number
Workers involved
thousands
Man -days idle during month..
_
do
U. S. Employment Service placement activities:
Nonagricultural placements .. ... _ thousands
Unemployment compensation, State and UCFE programs (Bureau of Employment Security) :
Initial claims o"
thousands
Insured unemployment, weekly averaged*
do
Benefit payments:
1
Beneficiaries, weekly averaged
-do
Amount of payments c?1 ...
thous. of dol
Veterans' unemployment allowances:
Initial claims§
thousands
Insured unemployment, weekly average
do _
Beneficiaries, weekly average
do
Amount of payments
thous of dol
Labor turnover in manufacturing establishments:
4.4
Accession rate--- monthly rate per 100 employees-4.1
3.3
2.5
3.3
3.1
3.1
3.4
3.3
4.2
p 4.1
3.3
3.8
4.4
Reparation rate, total
do
3.5
3.1
3.0
3.6
3.6
3.5
3.4
3.2
3.7
3.4
'3.9
p 4.3
.3
Discharge
_
do
.3
.3
.2
.3
.3
.3
.3
.3
.2
.3
.3
^ .3
Lav-off
do
1.2
1.1
1.2
1.4
1.7
1.8
1.6
1.4
1.6
1.2
'1.2
p 1.2
1.3
Quit.
do
2.8
1.4
1.8
1.1
1.4
1.3
1.6
2.2
1.4
1.5
1.6
1.5
p 2.6
.2
Military and miscellaneous...
...do
.2
.2
.2
.2
.2
.2
.2
.2
.2
.2
.2
v .2
' Revised.
p Preliminary.
* See note marked "§".
fSee note marked "t" on p. S-ll.
9 Includes data for industries not shown.
*New series. See note on p. S-12.
cf Data
for the UCFE program are included in initial claims, beneficiaries, and benefit payments effective January 1955 and in insured unemployment effective March 1955.
§ Beginning
July 1956, figures include transitional claims which are excluded from earlier data. In June 1956, the number of transitional claims totaled 267.
p 41.3
p 40.8
878
SURVEY OF CUEEENT BUSINESS
S-14
November 1956
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
Septem- October Novem- December
ber
ber
Janu-
ary
Febru-
ary
March
April
May
July
June
August
EMPLOYMENT AND POPULATION—Continued
WAGES
Average weekly gross earnings (U. S. Department of
Labor) :f
All manufacturing industries __ _
dollars
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primary metal industries 9 _
do _ _
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars
Machinery (except electrical)
._ do _
'Electrical machinery
do
77.71
84.66
85.28
78.50
85.07
85.28
79.52
85.69
86.73
79.71
86.52
86.73
78.55
84.87
87.56
78.17
84.05
88.19
78.78
84.25
88.80
78.99
85.49
90.29
79 00
84 86
90 71
79 19
85.27
91 52
r
r
T
70.93
71.62
69.80
79.19
71.10
71 80
69.96
78.77
68.28
69 97
69.30
79.04
68.47
69.89
69.37
79.19
66.73
67.80
67.32
78.12
66.80
67.37
67.82
77.90
67.72
69.25
68.47
78.31
70.22
70.80
67.13
79.32
71.38
73 26
66 63
80 51
73. 71
75 62
67 70
80 73
'T 72. 54 T' 74. 93 r 74. 39 P 73. 44
75 81
74 66
73 75
67.13 r 69. 87 ' 70. 45 v 71. 04
80.95 ' 81. 36 P 81. 16
80.36
97.81
96.10
96.10
97.21
97.63
95.35
95.12
96.00
95 53
95 71
r
103. 91
99.06
99.72
101. 60
103. 25
99.38
99.14
99.79
100 69
100 94
89 62
88 99
88 37
88 80
89.64
88.34
88 99
89 86
89 62
90 45
r
84.02
88.83
76.55
85.67
90.10
79.46
85.06
91.16
79.46
85.06
93.31
79.68
83.03
92.66
78.94
83.02
92.44
78.36
83.23
92.01
78.96
83.84
92.65
80.36
83 23
92.00
80 18
84 46
91.98
79 98
' 83. 64 ' 84. 25 «• 87. 78
' 91. 74 r 92. 16 ' 95. 18
80.60
«• 82. 41
* 79. 40
91
88
94
89
95
r
r
r
r
r
r
r
r
' 81. 41
' 68. 90
r 82. 21
r
T 84. 25
69. 95
r 71. 10
r
r
r
71. 68
75. 35
84. 46
74.30
65. 52
73. 71
P 72. 47
* 75. 67
v 53. 65
p 59. 20
Transportation equipment 9
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
do
do
do
do
do
93.11
96.23
90 67
84.93
94 25
94.21
98.05
91 30
84.24
91 54
98.21
104. 96
91 52
82.73
93 67
95.53
98.09
93 26
86. 15
96 41
91.35
90.97
92.82
84.63
94.77
89.38
87.55
92.82
85.28
94 13
90.90
89.67
92 57
86.68
95 53
91.76
90.97
93 83
87.16
95 88
89
85
94
88
94
Instruments and related products
Miscellaneous mfg. industries
do
_do
79.52
68.30
80.32
69.38
80.51
69.46
80.73
70.04
79.97
69.66
80.36
69.43
80.38
69.89
81.38
70.47
81 19
69.95
Nondurable-goods industries
Food and kindred products 9
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
_
do
do
do
do
do
do
do
Tobacco manufactures
do
Textile-mill products 9
do _
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars- Paper and allied products
-_do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries
dollars- Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
do
do
do
do
do
do
Kon manufacturing industries:
Mining:
Metal
do
\nthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars
Xonmetallic minin^ and quarrying
do
Contract construction
do
Vonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Finance, insurance, and real estate:
Banks and trust companies
Service and miscellaneous:
Hotels year-round
Laundries
Cleaning and dveiner Dlants
r
Revised.
f> Preliminary.
fSee note marked "t" on p. S-ll.
9 Includes data for industries not shown.
89
73
47
26
54
79. 00
84. 25
91. 74
91. 48
* 96. 47
80 79
69.77
* 93. 69
r
93. 41
r 93. 84
92. 97
95. 95
88. 80
97. 17
37
47
66
02
27
'r 79. 79 'r 81. 40 p 82. 01
85. 68 r 88. 18 P 89. 01
r
90. 64
93. 41 P 94. 98
' 99. 29 p 98. 98
97. 14
106. 04
91.39
94.85
p 88. 62
p 94. 28
p 82. 82
' 94. 25 ' 97. 70 p 99. 90
93. 30
99.06
97.94
97. 06
90. 17
90.35
98.40
89. 71
v 84. 25
p 72. 62
68.97
72.80
87.52
73 95
58.65
71.28
84.87
69.32
73.22
87.74
72 24
59.05
71.34
82.00
70.12
74.70
94.34
71 83
53.66
71.98
82.19
70.30
75.66
93.01
72 42
57.83
71.40
82.59
69.83
76.36
91.54
73 02
59.36
71.10
82.18
69.65
74.48
85.08
73 62
58.75
72.09
82.78
70.49
75.11
86. 11
73 44
59.63
71.33
84.59
70.17
74.37
83.42
73 18
59.68
71.73
84.40
70.38
75 11
84 46
73 62
60 67
73 26
84.82
70.95
76 22
86 94
75 86
60 06
74 03
87.72
r 71. 71
50.34
56.70
56. 17
51.21
51.09
57.53
56 44
53.19
50.81
58.50
57.41
53.46
53. 70
58.50
57 27
52.52
52.96
57.37
56.31
51.79
50.87
57.51
56.17
52.88
55.57
57. 06
56 17
53.30
56. 47
56.20
55 07
52.11
58
56
55
52
59
55
53
52
r
50.05
81.10
88 11
50.59
81. 35
88 31
50.32
81.35
88 90
50.83
81.97
89 75
50.37
81.46
89 60
51.61
79.85
87 32
52.48
81.27
88 80
51.77
81.32
88 40
50. 69
80.98
88 68
51.12
82.41
90 61
r
r
93.14
84.25
89.60
92.67
83.42
88.13
92.28
85.07
90.03
94.25
84.85
90. 25
91.72
84.87
90.23
91.87
84.67
89.57
93. 60
84.46
89.54
93.51
85. 28
90.98
93.65
86.32
91 62
93.80
87.14
93 34
* 93. 80 r' 94. 28 ' 95. 55 p 95. 80
87.54
87. 12
r 88. 17
P 87. 74
' 93. 07 ' 92. 39 93.48
100. 36
102 82
87.15
101. 02
52.45
49.01
99.84
103 09
89.04
103 74
53.39
49 41
98.81
102. 91
92.01
106. 26
54.58
50.69
98.40
102 09
89. 21
99 50
55.91
53 16
99.95
103. 66
87.91
101. 00
56.55
54.21
99.72
103 68
85.81
97.71
57.67
55 98
103. 82
107 18
84.93
97.25
56.92
55 39
104. 65
110 27
85.79
98.00
54.90
52 20
102
107
86
99
54
51
96.73
85.77
96.73
97.58
93.53
99.86
96.25
83.90
96.03
98.04
88.23
105. 73
98.93
91.96
104. 22
96.48
85.58
103. 18
95.11
71.32
102. 38
96.67
80.34
105. 46
98 50
70.66
106. 02
97 36
88.63
107. 82
r
96. 02
r 92. 20
102. 16
r 92. 63
87.25
•• 102. 49
95 88
85.83
100. 61
102. 29
100. 23
96 35
84.36
98.10
99.36
98.01
94.13
82.43
93.81
92.64
94.04
94.13
80.96
97.99
94.95
98.19
99.96
80.41
95.41
93.17
96.17
97.93
81.35
96.84
94.43
97.27
99.38
81.27
94.50
91.88
95.15
103. 25
83.92
98.19
94.86
99.00
99 94
85.69
100. 44
99.31
100. 74
106. 01
99 60
88.59 r 88. 01
103.
09
103. 25 r
105. 15
104. 90
r
103.
23
103. 42
' 100. 28
81.70
72.58
79.71
87.77
80.56
73.42
79.34
89.02
81.51
75.58
78.35
89.23
83.03
73.84
78.96
89.01
81.60
73.28
78.40
89.42
82.60
71.94
78.21
88.37
83.23
71.94
78.81
89.19
83.27
72.34
79.38
90.45
84.83
72.15
80.94
90.42
85.85
73.10
85.87
91.69
'r 85. 73
74. 21
85.24
92.32
78.55
78.96
78.96
79.56
79.58
78.99
80.00
80.80
81.00
81.41
r 82. 22
59 82
42 12
62.98
80.96
58 98
41 76
62 48
79.10
58 67
40 71
62.37
79.53
58 71
43 04
62.16
79.64
59 44
43.05
61.92
79.10
59 29
42 58
61.92
78.92
59 14
42. 11
61.92
80.15
59 90
42.90
62.50
81.03
59 75
42 66
62.87
81.10
61 15
44 10
64.39
83.03
20
02
18
82
97
73
18
65
75
91
104
108
84
98
55
53
88. 13
72.25
»• 77. 10
89.03
75.50
67.78
74.85
85.81
58. 59
55.73
53.68
52.73
r 55. 13
r 55. 61
56.45
54.23
53. 58
r 56. 84
54.91
53.53
51.91
84. 28
93. 21
53.29 »• 52. 77
'r 83. 92 r 84. 94
92. 19
93.05
' 76. 22
86.32
r
75. 95
r
61. 54 r
r
74. 21
*•
r
89. 62 r
19
73
96
88
r
r
81 •• 107. 01 T 103. 89
107. 73
67 '111.22
93 'r 86. 15 r 87. 64
98. 14 ' 101. 20
25
95 r' 57. 00 r' 56. 40
54. 96
54. 17
22
r
«• 107. 33 P 104. 19
111.10
r 89. 95 P 87. 38
103. 02
r 55. 78 p 56. 09
52.63
100. 96
87.88
106. 40
107. 87
' 87. 69 89.77
104. 78
106. 75
106. 42
107. 78
104. 53
106. 22
85.30
72.89
86.28
91. 88
84.91
74.21
85.26
93.15
* 81. 41
82.82
'
62. 17
61.78
r
44. 73
44.50
r
65. 62.
64.73
' 83. 41 ' 82. 16
61.22
44.32
63.75
81.72
T
do
59 09
60 25
60 49
60.83
61.72
61.61
61.75
61.89
61.51
61.53
r
do
do
do .
41.20
40.70
48.36
41.50
41.01
48.24
41.60
41.11
47.40
42.02
41.31
47.92
41.61
41.51
47. 34
41.41
40.90
47.21
41.20
41.70
47.97
41.71
42.12
49.88
42.02
42.54
51.91
42.43
42.95
51.69
'r 42. 23 ' 42. 43
42. 42
' 41. 90
' 49. 90 * 48. 39
62. 11
r
p 54. 02
P 85. 57
61. 79
61.73
42.43
42.32
51.20
SURVEY OF CURRENT BUSINESS
November 1956
S-15
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
Labor) :f
All manufacturing industries
__ _ _ dollars
Excluding overtime*
do
Durable-goods industries
.do
Excluding overtime*
do
Ordnance and accessories .
do
Lumber and wood products (except furniture)
dollars. .
Sawmills and Dlaning mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
dollars. _
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment) . . dollars. .
Machinery (except electrical)
do
Electrical machinery .._
_ _ _ _ . . . do .
1.90
1.83
2.04
1.96
2.08
1.91
1.84
2.04
1.96
2.08
1.93
1.85
2.05
1.97
2.10
1.93
1.85
2.06
1.97
2.10
1.93
1.87
2.06
1.98
2.12
1.93
1.86
2.05
1.98
2.12
1.95
1.88
2.06
1.99
2.15
1.96
1.90
2.08
2.00
2.16
1.97
1.90
2.08
2.01
2.17
1.97
1.91
2.09
2.02
2.20
1.97
1.90
2.07
2.01
2.20
1.98
1.91
2.10
2.03
'2.20
2.00
1.93
2.13
2.05
'2.24
*2.02
1.73
1.73
1.65
1.89
2.34
1.73
1.73
1.65
1.88
2.31
1.69
1.69
1.65
1.90
2.31
1.67
1.68
1.64
1.89
2.32
1.66
1.67
1.65
1.91
2.33
1.67
1.68
1.65
1.90
2.32
1.71
1.74
1.67
1.91
2.32
1.76
1.77
1.67
1.93
2.33
1.78
1.80
1.67
1.94
2.33
1.82
1.84
1.68
1.95
2.34
1.80
1.83
1.67
1.96
2.27
1.81
'1.84
1.70
1.96
2.36
1.81
1.83
'1.71
1.97
2.41
pl.80
2.51
2.44
2.45
2.46
2.47
2.46
2.46
2.47
2.48
2.48
'2.48
2.51
2.58
2.17
2.16
2.15
2.15
2.16
2.16
2.16
2.16
2.17
2.19
2.24
2.24
2.28
2.01
2.11
1.89
2.03
2.13
1.91
2.03
2.15
1.91
2.03
2.16
1.92
2.03
2.17
1.93
2.02
2.17
1.93
2.03
2.17
1.94
2.04
2.18
1.96
2.04
2.18
1.97
2.06
2.19
1.97
'2.05
2.20
1.98
2.07
2.21
1.99
'2.11
'2.25
2.01
P2.12
P2.25
P2.02
do. _ _
do
do
do
do
do _
do
2.26
2.33
2.19
2.15
2.31
1.93
1.67
2.27
2.34
2.20
2.16
2.30
1.94
1.68
2.30
2.38
2.20
2.16
2.33
1.94
1.69
2.28
2.33
2.21
2.17
2.34
1.95
1.70
2.25
2.28
2.21
2.17
2.34
1.96
1.72
2.24
2.28
2.21
2.17
2.33
1.96
1.71
2.25
2.27
2.22
2.20
2.33
1.97
1.73
2.26
2.28
2.25
2.19
2.35
1.98
1.74
2.27
2.28
2.26
2.19
2.34
1.99
1.74
2.29
2.31
2.27
2.22
2.37
1.99
1.74
'2.30
'2.33
'2.29
'2.22
2.37
2.01
1.74
'2.31
'2.35
2.30
'2.26
2.33
2.02
1.74
2.36
2.44
2.31
2.27
2.40
'2.04
1.76
P2.39
do
do
do
do
do
do
do
do
1.72
1.67
1.75
2.04
1.70
1.47
1.73
2.07
1.72
1.67
1.76
2.05
1.68
1.48
1.74
2.05
1.74
1.68
1.80
2.12
1.69
1.47
1.76
2.06
1.74
1.68
1.81
2.09
1.70
1.51
1.75
2.07
1.75
1.70
1.84
2.09
1.71
1.53
1.76
2.07
1.75
1.70
1.83
2.06
1.72
1.53
1.78
2.08
1.78
1.73
1.85
2.07
1.72
1.59
1.77
2.12
1.79
1.74
1.85
2.07
1.73
1.60
1.78
2.11
1.80
1.75
1.85
2.07
1.72
1.58
1.80
2.11
1.81
1.76
1.85
2.08
1.74
1.54
1.81
2.15
1.82
1.77
' 1.85
2.08
1.75
'1.55
'1.81
2.17
1.81
'1.75
1.82
'2.06
1.74
'1.56
1.82
'2.16
1.82
1.77
1.84
2.09
1.76
1.61
1.83
2.14
pl.83
Tobacco manufactures
do _
Textile-mill products 9
do
Broa.fi -woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars. _
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries, -do
Chemicals and allied products
do
Industrial organic chemicals
do
1.24
1.40
1.37
1.33
1.24
1.41
1.37
1.35
1.33
1.42
1.38
1.35
1.37
1.42
1.37
1.35
1.39
1.42
1.37
1.37
1.39
1.42
1.37
1.37
1.47
1.43
1.38
1.41
1.49
1.43
1.37
1.42
1.50
1.44
1.39
1.42
1.51
1.44
1.38
1.41
'1.51
1.44
1.38
1.41
'1.41
1.44
1.38
1.41
'1.38
1.45
1.39
1.42
p 1.39
p 1. 48
1.36
1.86
1.98
2.37
2.03
2.18
1.36
1.87
1.98
2.37
2.01
2.16
1.36
1.87
1.98
2.36
2.04
2.18
1.37
1.88
1.99
2 38
2^03
2.18
1.38
1.89
2.00
2.37
2.05
2.19
1.38
1.87
1.98
2.38
2.05
2.19
1.43
1.89
2.00
2.40
2.05
2.20
1.43
1.90
2.00
2.41
2.07
2.23
1.42
1.91
2.02
2.42
2.09
2.24
1.44
1.93
2.05
2.43
2.11
2.26
1.45
1.96
2.09
'2.43
2.13
'2.27
1.46
1.97
2.10
2.43
2.13
2.27
1.47
1.98
2.11
2.45
'2.14
2.28
p 1.48
M.99
Products of petroleum and coal .
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products _
Footwear (except rubber)
2.43
2.52
2.10
2.44
1.41
1.35
2.40
2.49
2.12
2.47
1.42
1.35
2.41
2.51
2.17
2.53
1.44
1.37
2.40
2.49
2.16
2.50
1.43
1.37
2.42
2.51
2.16
2.50
1.45
1.39
2.45
2.56
2.14
2.48
1.46
1.41
2.52
2.64
2.15
2.50
1.49
1.45
2.54
2.67
2.15
2.50
1.50
1.45
2.53
2.65
2.16
2.51
1.50
1.45
2.55
2.67
2.15
2.50
1.50
1.45
2.56
2.68
2.17
2.51
'1.50
'1.45
'2.54
'2.66
2.18
2.53
1.50
1.46
'2.58
2.69
2.21
2.55
'1.52
1.47
p 2. 56
2.26
2.53
2.65
2.28
2.62
2.67
2.27
2.55
2.66
2.28
2.55
2.67
2.29
2.62
2.70
2.27
2.57
2.68
2.27
2.52
2.68
2.28
2.60
2.79
2.28
2.42
2.79
2.28
2.63
2.83
'2.27
'2.59
2.83
2.31
2.62
'2.77
2.37
2.60
2.80
2.35
1.87
2.62
2.39
2.68
2.35
1.85
2.63
2.40
2.70
2.33
1.84
2.65
2.40
2.71
2.33
1.84
2.67
2.41
2.72
2.38
1.87
2.68
2.42
2.74
2.43
1.87
2.69
2.44
2.74
2.46
1.89
2.70
2.45
2.75
2.50
1.89
2.69
2.42
2.75
2.48
1.90
2.70
2.44
2.76
2.49
1.93
2.71
2.48
2.78
2.53
1.93
2.72
'2.48
2.79
2.47
'1.94
2.75
2.51
2.81
2. 55
1.96
2.78
2.53
2.84
1.90
1.81
1.88
2.12
1.90
1.84
1.88
2.14
1.90
1.88
1.87
2.15
1.90
1.86
1.88
2.15
1.92
1.86
1.88
2.16
1.93
1.84
1.88
2.15
1.94
1.84
1.89
2.17
1.95
1.85
1.89
2.19
1.95
1.85
1.90
2.20
1.96
1.86
2.03
2.22
'1.98
1.86
2.02
2.23
1.97
1.85
2.03
'2.23
1.97
1.86
2.03
2.25
Transportation equipment 9
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries. _
Excluding overtime*
Food and kindred products 9
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
do
do
_ d o _.
do
do __
do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas prod
dollars. _
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction.
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places)
dollars. .
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr__
Skilled labor
do .
Farm wage rates, without board or room (quarterly)
dol per hr
Railway wages (average class I)
do
Road-building wages, common labor
do
1.93
1.94
1.94
1.95
1.96
1.96
1.99
2.01
2.01
2.02
2.03
2.02
2.04
1.53
1.20
1.64
1.84
1.52
1.20
1.64
1.81
1.52
1.18
1.65
1.82
1.49
1.16
1.64
1.81
1.54
1.23
1.66
1.81
1.54
1.22
1.66
1.81
1.54
1.21
1.66
1.83
1.56
1.24
1.68
1.85
1.56
1.24
1.69
1.86
1.58
1.26
1.69
1.90
'1.59
1.26
1.70
'1.90
1.58
1.25
1.69
'1.88
1.59
1.27
1.70
1.87
1.00
1.01
1.20
1.00
1.01
1.20
1.00
1.02
1.20
1.01
1.02
1.21
1.01
1.03
1.22
1.01
1.02
1.22
1.00
1.04
1.23
1.01
1.04
1.25
1.03
1.04
1.26
1.04
1.05
1.27
1.03
'1.05
1.26
'1.04
1.05
1.27
1.04
1.05
1.28
2.087
3.271
2.093
3.286
2.094
3.289
2.097
3.290
2.107
3.298
2.117
3.309
2.117
3.310
2.123
3.318
2.148
3.342
2.168
3.366
2.187
3.391
2.192
3.412
2.192
3.416
1.954
77
1.983
1.72
1.987
2.061
91
2.108
1.72
2.127
2.105
89
2.115
1.70
2.097
2.115
.91
2.107
1.76
2.097
P2.15
P2.24
p 1.72
pl.97
P2.42
P2.04
pl.78
pl.85
P2.45
P 2 . 14
P 2. 19
> 1.52
2.192
3.423
.82
' Revised.
p Preliminary.
fSee note marked "f" on p. S-ll. 9 Includes data for industries not shown.
*New series. Excludes only the earnings for overtime paid for at one and one-half tunes the straight-time rates after 40 hours a week. No adjustment is made for other premium-payment provisions, e. g., holiday work, late-shift work, and overtime lates other than time and one-half. Data prior to 1955 will be shown later.
§Rates as of November 1, 1956; Common labor, $2.192; skilled labor, $3.433.
SURVEY OF CURRENT BUSINESS
S-16
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of SeptemDecemOctober NovemBUSINESS STATISTICS
ber
ber
ber
November
1956
January
February
March
April
May
June
July
August
Septem- October
ber
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper
_ . .
__do__
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil. of dol
Farm mortgage loans: Federal land banks, -.do
Loans to cooperatives
do.
Other loans and discounts
do
Bank debits, total (344 centers)
New York City
.
6 other centers cf
do
do
do
671
564
662
547
642
542
2,663
1,451
357
2,604
855
2,641
1,464
386
791
168, 967
62, 550
35 126
175, 779
67, 568
35, 803
173, 190
63, 406
36, 876
50, 243
25, 250
603
23, 834
20, 994
50, 221
25, 430
706
24, 024
21, 007
51, 197
25, 776
61 S
24, 256
21, 002
52, 340
26, 507
108
24, 785
21, 009
50, 615
25, 122
852
23, 466
50,243
51,197
19, 741
18, 423
211
26, 142
50, 221
19, 848
18, 565
172
26, 246
57
26, 629
52, 340
20, 355
19, 005
102
26, 921
45.8
45.6
45.3
56, 306
56, 394
58, 316
58, 130
Federal Reserve banks, condition, end of month:
Assets total 9
do
Reserve bank credit outstanding, total 9
do
Discounts and advances
__
do..
United States Government securities
do
Gold certificate reserves
.
do
Liabilities, total 9- _
Deposits, total 9
Member-bank reserve balances
Excess reserves (estimated)
Federal Reserve notes in circulation
do
do
do
__do_
do
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted©
mil of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol_.
States and political subdivisions
do
United States Government
do
2,617
1,516
374
727
2,670
2,726
2,924
2 987 1
1,675 !
375
1,638
352
934
2 956
1,656
356
943
937
2 980
1,689
397
893
200, 523 ' 187, 364 r 162, 107
81, 027
69, 675
57, 413
40, 193
40, 718
35, 143
189, 793
73, 214
40, 132
176, 760
65, 715
37, 763
185, 584
69, 452
38, 766
186, 540
70, 733
38, 937
181, 284
65, 873
38, 653
183, 819
67, 279
38 206
167, 154
61, 223
34. 057
50, 615
24, 920
632
23, 482
50, 822
25, 761
872
23, 636
50, 509
25, 307
1,204
23, 345
21, 051
50, 783
25, 377
1,160
23, 474
21, 085
50, 717
25, 219
232
23, 758
21, 109
50, 327
24, 868
452
23, 438
50, 593
25, 480
832
51, 309
25, 487
664
' 23, 680
21, 179
21,197
51 391
25, 236
538
23, 767
20, 367
50, 615
19, 881
18, 750
439
26, 170
50, 615
19, 651
18, 428
266
50, 822
50, 783
26,029
50. 327
19, 416
18, 308
204
26, 370
18, 888
511
26, 510
51, 309
19, 927
18, 831
-381
26. 516
51,391
18, 773
569
26, 168
50, 717
19, 575
18, 443
—6
26. 367
50, 593
18, 799
523
26, 098
50, 509
20, 097
18, 784
459
25, 971
44.4
45.6
46.0
45.3
45.7
45.8
45. 9
46.2
45.6
45.6
45.8
56, 900
58, 882
57, 607
56, 230
55, 733
55, 896
55, 521
56, 210
55, 556
55, 381
54, 915
v 56, 122
59, 475
3,971
62, 166
58, 946
57, 147
57, 224
57, 319
4,451
57, 960
57, 026
3,669
4,367
3,420
57, 492
4,168
1,477
58, 326
4,319
2,391
2,085
3,928
3,648
57, 448
3, 800
3, 010
p 58, 980
p 4, 007
p 2, 303
20, 416
20, 525
20, 633
20, 555
20, 596
20, 859
20, 780
20, 844
20,921
P 20, 912
19, 304
1,072
12, 964
19, 378
1,041
12, 224
19, 652
1,031
12, 966
19, 596
1,004
13, 359
19,661
1,005
12, 909
19, 760
971
13, 844
p 19, 794
p 929
p 13, 653
35, 495
34. 824
34, 478
33, 684
34, 421
33, 857
p 33, 668
27, 357
753
588
19, 758
26, 873
679
544
19, 600
26, 582
683
358
19, 505
6,050
26, 576
548
1,187
19, 123
5,718
25, 979
486
953
18, 943
5, 597
8,138
7,951
6,036
7,896
25, 978
498
350
19, 242
7,845
7,878
p 25,
p
P
p 18,
P 5,
P 7,
49, 900
27, 784
51, 144
28, 845
50, 925
28, 734
2,269
51, 120
29, 168
1,948
51, 798
29, 849
1, 930
P 51, 974
p 29, 911
P 1,980
1,271
1,255
8,671
10, 864
1, 230
10, 895
p 1,208
P 8, 857
p 10, 897
2,870
4,026
2,239
20, 367
20, 527
21,010
21,036
21,011
4,399
20,311
4,254
4,342
39, 124
38, 006
38, 380
36, 953
36, 526
36, 258
6,997
8,258
28, 272
910
586
20, 103
6,673
8,254
6,524
8,263
47, 331
26, 014
48, 356
26, 673
47, 741
26, 290
47, 694
26, 346
49, 373
27, 781
2,436
49, 953
28, 053
2,412
1,248
8,188
1,271
8,147
10, 159
1,302
8, 154
10, 197
1,287
10, 259
1,292
8,341
10, 373
10, 618
7,406
8,363
2,605
1,245
27, 995
837
708
19, 926
4,632
3,343
28. 822
1, 044
698
20, 230
6, 850
8,131
29, 643
636
824
20, 777
8,073
9,926
805
549 '
1,617
334
897
13,111
2,689
548
2,848
13,882
46, 499
25, 303
11 southern and western cities
2,592
1,497
374
721
19, 331
992
12, 526
45, 449
24, 660
Discount rate (N Y F. R Bank)
Federal intermediate credit bank loans _
Federal land bank loans
Open market rates, New York City:
Acceptances, prime, bankers' 90 days.Commercial paper, prime. 4-6 months
Call loans, renewal (N. Y. S. E.)
Yield on U. S. Govt. securities:
3-month bills
_
3-5 year taxable issues
772 i
19. 251
963
12, 917
Loans (adjusted), total©
do
Commercial, industrial, and agricultural __ do
To brokers and dealers in securities do
Other loans for purchasing or carrying securities
mil. of dol__
Real -estate loans _ — __ _
do
Other loans
do
percent
do
723
509
19, 354
969
7,877
8,565
Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York City
684
476
19, 192
971
8,070
8,697
1,194
643
515
2,791
1,591
348
851
19, 770
30, 559
842
1.196
20, 644
8,257
9,669
628
508
19, 356
952
13, 515
39, 044
2,406
660
560
19, 406
1,032
12, 691
Investments, total _ do
U. S. Government obligations, direct and guaranteed, total
mil of dol
Bills
do
Certificates
do
Bonds and guaranteed obligations
do
Notes _ . _
do
Other securities
do
30, 347
994
496
20, 787
667
588
1, 568
355
804
18,474
20, 513
20, 405
Time, except interbank, total 9
do
Individuals, partnerships, and corporations
mil. of dol. . 19, 210
States and political subdivisions
do
993
13, 077
Interbank (demand and time) .
do
624
573
1,541
370
759
1,477
392
735
4,055
2,876
3,772
2.635
642
510
10,015
30. 122
1, 535
910
20, 680
2,852
2,625
2,422
8,224
1,298
8,430
2,435
1,277
8,503
10, 756
2,380
8,606
10, 899
5,888
7,706
23,854
19,911
1,235
8,738
8,794
10, 871
2 966
1,709
441
8ir>
19, 734
18, 668
v 243
26, 567
961
818
790
895
458
707
4. 35
4.20
4.39
4. 53
4.14
3.97
4.15
4.38
3.93
3.75
3.93
4.19
3.93
3.76
3 95
4. 17
do
3
3
3
4
do
do
do
2.25
2.56
4.17
2.25
2.65
4.17
2.50
3.00
4.17
2.50
3.00
4.17
2.50
3.05
4.17
2.50
3.14
4.17
2.50
3.19
4.17
2.75
3.19
4.17
2.75
3.27
4.17
2.75
3.31
4.29
2.75
3.33
4.33
3.00
3.34
4.33
3.00
3.42
4.46
3.51
4.46
do
do
do
2.08
2.54
3.40
2.23
2.70
3.50
2.17
2.81
3.55
2.43
2.99
3.63
2.45
3.00
3.63
2.38
3.00
3.63
2.38
3.00
3.63
2.44
3.14
3.94
2.50
3.27
4.00
2.45
3.38
4.00
2.43
3.27
4.00
2.65
3.28
4.14
2.88
3.50
4.38
2.88
3. 63
4.38
_ do _
do
2.086
2.564
2,850
2, 961
3.29
Savings deposits, balance to credit of depositors:
New York State savings banks
mil of dol
77
54
76
11
6,258
19,904
21,151
l
2.259
2.225
2.456
2.372
2.334
2.606
2.70
2.83
2.74
2.65
2.613
3.11
2.527
2.58
2.310
2.83
2.650
2.72
3.04
2.87
2.97
3.36
3.43
16, 190
1 943
16, 191
1 925
16, 295
1,908
16, 509
1,891
16, 584
1,869
16, 651
1,849
16, 795
1,829
16, 795
1,808
16,900
17, 092
1,765
17, 098
* 1, 743
17, 135
P 1,721
17, 227
* 1, 700
' 38, 222 ' 38, 919 ' 39, 454 ' 39, 478 ^ 39, 878
40, 074
1,787
CONSUMER CREDIT J
(Short- and Intermediate- term)
Total outstanding end of month
Installment credit total
mil of dol
do
' 36, 169
T
27, 702
r
36, 573
r
37, 114
' 38, 648 * 37, 848
r
' 28, 886
T
' 27, 968 ' 28, 269 r 29, 020
r
37, 474
r
28, 915
* 29, 112 r 29, 419
r
37, 761
r 29, 763
' 30, 084 ' 30, 297 ' 30, 644 30, 707
13, 743 r 13, 892 'r 14, 059 ' 14, 255 r 14, 381 ' 14, 530 14, 533
13, 574
' r 13, 075 »• r13, 246 r r13, 326 'T 13, 468 r T13, 481
Automobile paper.
do
7, 401
7, 487 T 7, 371 r 7, 300 T 7, 337
7, 626
6, 959 r 7, 025 r 7, 169
Other consumer-goods paper..
do
r
T
r
r
r
1, 734
1,758
I , 710
1, 638 'r 1,628 ' 1, 631 ' 1, 643 * 1, 677 *r 1,700
1, 648
1, 661
1, 670
1 625
Repair and modernization loans
do
r
r
r
6,919
6,785 r 6, 887
6, 712
«• 6, 626
' 6, 438 r 6, 547
6, 342
6 , 113 ' 6, 256 6, 280
' 6, 043 r 6, 049
Personal loans
_ -do
r
Revised.
*> Preliminary.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
Q Includes data not shown separately.
„ „ A,
, ,
, .
©For demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).
§ For bond yields, see p. S-20
t See corresponding note on p. S-17.
SURVEY OF CUKKENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-17
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
FINANCE—Continued
CONSUMER CREDIT*— Continued
(Short- and Intermediate-term)
Total outstanding, end of month— Continued
Installment credit, total— Continued
By type of holder:
Financial instifaitions, total
tnil. of dnl
Commercial banks
do
Sal ps-fin an HP, companies
do
Credit unions
do
Consumer finance companies
do
Other
.. do
' 23, 617
10, 328
' 8, 168
' 1, 617
2,478
' 1, 026
r
' 23, 848
' 10, 412
' 8, 268
' 1,640
2,503
' 1, 025
' 24, 061
' 10, 489
' 8, 322
' 1, 654
2,549
' 1, 047
' 24, 441
' 10, 601
' 8, 443
' 1, 680
2,656
' 1, 061
r 24, 447 ' 24, 587 ' 24, 870
' 10, 618 ' 10, 668 ' 10, 796
' 8, 436 ' 8, 460 ' 8, 526
' 1, 668 ' 1. 697 ' 1, 732
2, 701
2,739
2,670
' 1, 055 ' 1, 061 ' 1, 077
' 25, 208
'11,009
' 8, 575
' 1, 767
2,773
'1,084
' 25, 528
' 11,170
'8,641
' 1, 806
2,805
' 1, 106
' 25, 963 ' 26, 193
' 11, 394 ' 11, 476
' 8, 765 ' 8, 849
' 1, 848 ' 1, 880
2,845
2,880
' 1, 111 ' 1, 108
' 26, 475 26, 551
' 11 548 11 548
8,989
'8 953
r i 933
1 960
2,924
2 920
'1 121 1,130
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
do
do
do
do
do
r 4, 085 ' 4, 120
' 1, 270 ' 1,283
'979
••967
r
' 545
547
'1,313
r I, 301
Noninstallment credit total
do
r 8, 467
'9 234
9,367
do
do
do __
' 2, 776 r 2, 804
' 3, 586 '3,715
' 2, 086
r 2, 105
' 3, 094 ' 3, 258 ' 3, 335 ' 3, 261 '3 295
' 3, 531 ' 3, 701 ' 3, 804 ' 3, 674 ' 3, 696
' 2, 178 ' 2, 197 '2,231 '2,246
' 2, 243
3,361
3,780
2,226
do
do
do
'r 2, 776 ' 2, 804 ' 2, 930 ' 2, 992 ' 2, 920 ' 2, 932 ' 3, 050 ' 3, 094 ' 3, 258 ' 3, 335 ' 3, 261 '3 295
' 4, 544 ' 3, 961 ' 3, 530 ' 3, 469 ' 3, 531 ' 3, 701 ' 3, 804 ' 3, 674 ' 3, 696
3, 586 '3,715 '3,839
f
' 2, 086 ' 2, 076 ' 2, 092 ' 2, 081 ' 2, 097 ' 2, 130 ' 2, 178 ' 2, 197 '2,231 '2,246 '2 243
2, 105
3,361
2,780
2,226
do
do
do
do
' 3, 361
' I, 500
'887
••974
do
do
do
do
' 2 854 '2 945 ' 2 970 r 3 034 '3 019 ' 2, 889 ' 3, 108 '3 022 '3 126 '3 069 ' 3, 103
' 1, 176 ' 1, 192 ' 1, 161 ' 1, 179 ' 1, 143 ' 1, 209 ' 1 196 ' 1, 240 ' 1, 195 ' 1,211
f 1, 144
'847
'892
'899
'885
'867
'839
'825
'825
'868
'812
' 857
'899 ' 1, 007
' 930
'898
'953 ' 1 048 ' 941
'969 ' 1, 001 ' 1, 007 ' 1, 024
do
do
do
do
' 3, 421 ' 3, 327 ' 3, 355 '3,315 ' 3, 441 ' 3, 324
' 1, 396
' 1, 504 ' 1, 435 ' 1,415 ' 1, 389 '1,456
'883
'873
'900
'904
'927
'911
'1,017 ' 1,019 ' 1, 029 ' 1, 022 ' 1, 058 ' 1, 045
Single-payment loans
Charge accounts
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer-goods paper
All other
_
Repaid total
Automobile paper
Other consumer-goods paper
All other
Adjusted:
Extended, total
_
Automobile paper
Other consumer-goods paper
All other
Repaid total
Automobile paptr
Other consumer-goods paper
All other
__ _
do
do
do
- do
'2,900
' 1, 137
r 832
'931
' 4, 208
' 1,332
' 1, 001
'539
' 1, 336
' 8, 605 '8,845
' 4, 579 ' 4, 439
' 1, 511 ' 1, 471
' 1, 052 '1,018
'535
' 535
' 1, 481 '1,415
' 4, 328 ' 4, 242 ' 4, 211
' 1, 436 ' 1, 377 ' 1, 380
' 1, 001
'984
'974
'538
'544
'548
' 1, 353 ' 1, 337 '1,309
' 9, 628 ' 8, 962 ' 8, 559 ' 8, 649 ' 8, 803 ' 9, 156
' 2, 930 ' 2, 992
' 2, 920 ' 2, 932 ' 3, 050
' 3, 839 ' 4, 544 '3,961 ' 3. 530 ' 3, 469
' 2, 092 ' 2, 081 ' 2, 097 ' 2, 130
' 2, 076
' 3, 211 ' 3, 271
' 1, 347 ' 1, 272
'905
' 969
'959
' 1, 030
' 4, 235 ' 4, 121 ' 4, 104 ' 4, 169
4,156
' 1, 389 ' 1, 247 ' 1,239 '1 286 1 269
'973
'971
970
'967
'973
' 562
576
' 554
' 568
' 575
'1,321 ' 1, 339 ' 1, 330 ' 1 335 1,341
'
'
'
'
3, 785 ' 2, 885 ' 2, 918
1, 303 ' 1, 192 '1,236
'731
1, 282
' 760
'951
1, 200
'933
' 3, 305
' 1, 378
'821
' 1, 106
' 3, 329 ' 3, 470
' 1, 345 ' 1, 407
'894
'949
' 1, 090 '1,114
' 9, 370
' 3, 390
' 1, 391
'883
'1,116
' 3, 174 ' 3, 409 '3,264
' 3, 058
' 1, 284 ' 1, 330 ' 1, 256 ' 1, 181
'932
'859
'841
'968
' 1, 031 ' 1 111' 1, 076 ' 1, 036
' 2, 967 ' 2, 961 ' 2, 918 ' 3, 109 ' 2, 948 ' 2, 888 '3 145 ' 3, 063 ' 3, 009
' 1, 169 ' 1, 173 ' 1,143 ' 1, 245 ' 1, 184 ' 1, 130 ' 1, 258 ' 1, 226 ' 1, 158
r g§7
r 849
r 870
' 821
' 822
' 833
' 858
' 843
' 869
'943
'936 ' 1, 017
'945
'942
'977
'979
'982
'949
' 9, 181
'3,316
'1,337
'872
' 1, 107
2,981
'3 504
1, 150
' 1, 393
840
'952
991
' 1 159
'880
'1 033
2 918
1,147
836
935
' 3, 302 ' 3, 358
' 1, 252 ' 1,264
'952
'927
'1,123 '1 142
3,160
1,198
883
1,079
' 3, 160 '3 147
' 1, 229 ' 1, 214
' 891
' 890
' 1, 041 ' 1, 042
3,087
1,185
893
1,009
' 3 157
r 1 244
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts
mil. of dol
do
do
do ..
do
do
Expenditures total
Interest on public debt
Veterans' services and benefits
Major national security
All other expenditures
do
do
do
do
do
6 180
5,498
57
4,968
947
208
5 340
529
353
3,512
946
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total do
277, 476
Interest bearing, total .
do. _ _ 274, 879
Public issues
__
do
230, 988
Special issues _
do_ _ _ 43, 891
2,597
Noninterest bearing
do
Obligations guaranteed by U. S. Government, end
of month
mil. of dol
48
U. S. Savings bonds:
Amount outstanding, end of month
do
58, 532
462
Sales, series E through K.
do_ ._
722
Redemptions
do
Government corporations and credit agencies:
Assets, except interagency, total
mil. of dol
Loans receivable, total (less reserves)
do
To aid agriculture
_ _
do
To aid homeowners
do
Foreign loans
do
All other
.
.
..do
Commodities, supplies, and materials. .
U. S. Government securities
Other securities and investments
Land, structures, and equipment
All other assets
_.
do
do
-do _ _
do
do __
890
173
5 527
4,662
65
4,215
1 008
240
5 337
4,889
56
3,962
879
440
59
3,727
853
275
5 355
5 172
5 651
5 274
2 998
2,692
62
1,873
542
359
3,293
542
423
595
406
1 161
3,109
1 099
3,451
1 199
279, 818
277, 277
233, 619
43, 657
2,541
280, 136
277, 628
233, 615
44, 013
2 508
48
58 494
451
574
4 915
4,684
625
401
3,005
7,158
6,195
57
5,959
944
198
4 950
553
398
3,214
559
400
3,284
894
147
5 387
565
406
275 789
273, 078
229 689
43, 389
2 711
53
58
59
58 193
58 166
58 169
53
53
58 501
58,548
466
545
4,356
3,236
3,414
7 822
6,238
5 399
4,461
276, 345
273, 481
229, 746
43, 736
2 863
280, 049
277,170
233, 584
43, 585
2 879
4,129
2,909
3,414
7,799
3,871
963
133
59
280, 108
277, 295
233, 607
43, 688
2 814
280, 769
277, 799
233, 873
43, 926
2 970
45, 303
20 238
6,715
3,205
7,988
2,598
11, 344
5 562
4 082
3 232
1 185
786
41,183
19, 061
5,853
3,122
8,025
2,472
59
1 156
1 243
438
526
12 499
11,313
645
1,126
544
660
518
604
7 107 M2 574
5,050 P 11, 576
63
P 57
5,780 P 11, 256
1 014
» 966
P 294
251
3 927
3,485
5 467
5 542
561
432
3 433
1 040
276,
273,
229,
44,
2
•P 6 783
P 608
P 405
P 4 316
P i 455
63
2,601
970
292
627
P 368
P 2 951
P i 595
272, 645
269, 972
224, 618
45, 353
5 959
4 954
64
4,772
1 030
93
6,897
6,218
60
5,846
869
122
4 918
5 902
570
567
p345
?383
p 3 580 P 3, 153
P \ 371
P 850
274, 261
271, 660
225 827
45, 834
2 601
275, 283
272, 720
227, 238
45, 482
2 563
729
977
637
339
752
272, 751
269, 883
224, 769
45, 114
2 868
56
62
74
74
79
85
89
58 137
58 110
57 857
57 717
57 661
436
582
57 583
355
523
57 439
414
644
453
571
451
571
437
815
2 674
484
749
275
272,
226
46
2
565
959
905
054
606
4,141
Liabilities, except interagency, total
do __
5,125
2,128
2,423
Bonds, notes, and debentures
_
do
2,012
2,703
Other liabilities
do
583
596
Privately owned interest
do
36,
460
39,
583
U. S. Government interest...
do
' Revised.
» Preliminary.
J Revised to adjust to new survey and census information. For credit outstanding, the revisions begin with 1948 (except data for consumer finance companies which are separately available
from September 1950 only); for credit extensions and repayments, the revisions begin with 1940. See the October 1956 Federal Reserve Bulletin for all revisions prior to September 1955.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
Septem-
October
1956
Novem- December
J n
a y~
F
|k™-
March
April
May
June
July
August
e
^m"
Octot)er
FINANCE— Continued
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U. S. life insurance companies
mil. of dol
Bonds (book value), domestic and foreign, total
mil. of dol
U S. Government
do
State, county, municipal (U. S.)do
Public utility (U. S.)
do
Railroad (U. S.)
do
Industrial and miscellaneous (U. S.)
do
Stocks (book value), domestic and foreign, totaJ
mil. of dol
Preferred (U. S.)
do
Common (U. S.)
do
Mortgage loans, total
do
Nonfarm
do
Real estate
_ _
do
Policy loans and premium notes - _-_
do
Cash
do
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :0
Value, estimated total
mil of dol
Group and wholesale
do
Industrial
do
Ordinary totalt
__
do
New England
do
Middle Atlantic
do
East North Central
do
West North Central
___
do
South Atlantic
do
East South Central
do
West South Central
do
Mountain
_
_
do
Pacific
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
. mil. of dol
Death benefits
do
Matured endowments
__
do
Disability payments
do
Annuity payments. _ _ _ _ _
do
Surrender values
do
Policy dividends _
_
do
Life Insurance Association of America:
Premium income (39 cos.), quarterly total
do
Accident and health
do
Annuities
do
Group
do
Industrial
do
Ordinary
^
do
a
88, 529
89, 016
89, 491
90, 219
90,842
91, 240
91, 543
92, 025
92, 478
92,876
93, 580
93, 992
47, 578
9, 129
1,983
13, 366
3,786
16 858
47, 742
9,027
1,990
13, 400
3,877
16, 985
47, 743
8,891
1,987
13, 457
3,871
17, 070
47, 690
8,546
1,998
13, 533
3,847
17, 292
47, 967
8,393
2,125
13, 579
3,840
17, 522
48, 036
8,236
2,144
13, 614
3,849
17, 680
48, 008
8,045
2,153
13, 618
3,873
17, 798
48, 164
8,085
2,153
13, 653
3,852
17, 900
48, 212
7,986
2,140
13, 707
3,850
18,002
48, 279
7,921
2,148
13, 762
3,854
18 059
48, 594
7,886
2, 191
13 835
3,853
18 256
48, 665
7,778
2,206
13,903
3,853
18, 340
2,870
1,720
1,142
28 250
26, 025
2 492
3,260
1 142
« 2, 937
2,879
1,719
1,152
28, 563
26, 320
2,506
3,271
1,133
2,922
2,899
1,731
1,160
28, 868
26, 613
2,523
3,283
1,200
2,975
2,923
1,720
1,192
29, 433
27, 166
2,557
3,293
1.254
3,069
2,930
1,719
1,199
29, 800
27, 526
2,568
3,307
1,167
3,103
2,948
1,727
1,210
30, 102
27, 799
2,589
3,324
1,054
3,187
2,977
1,729
1,237
30, 383
28, 055
2,609
3,345
1,040
3,181
2,980
1,729
1,239
30, 651
28, 301
2,624
3,365
1,067
3,174
2,974
1,725
1,237
30, 991
28,612
2,646
3,385
1,086
3,184
2,964
1 726
1,226
31 284
28 884
2 673
3 409
1 078
3 189
2 995
1 727
1 254
31 612
29 188
2 711
3 400
1 093
3 175
2,998
1,724
1,260
31, 897
29,454
2,727
3,420
1,064
3,221
3,718
836
537
2,345
147
499
508
201
290
105
229
91
281
3,679
581
546
2,552
163
573
562
202
319
109
234
102
296
4,570
1,340
525
2,705
177
617
586
211
338
123
243
102
317
5,833
2,265
489
3,079
192
680
665
248
363
129
292
136
383
3,726
850
437
2,439
168
586
535
194
285
104
222
89
262
3,686
596
510
2,580
179
607
562
200
314
111
238
92
285
4,589
1,025
571
2,993
196
698
651
235
366
132
274
113
339
4,188
847
512
2,829
176
630
608
216
365
132
274
106
330
4,543
1,014
581
2,948
195
646
628
226
363
126
295
119
351
4 344
915
538
2 891
189
673
600
225
361
124
275
111
334
4 251
931
503
2 817
184
637
599
221
349
122
256
107
341
4,544
1,160
526
2,858
182
618
622
235
353
125
263
113
347
421.2
180.1
44.4
8.7
38.3
67.7
81.9
425.4
182.0
51.6
8.8
39.5
73.9
69.6
435.7
189.5
53.5
9.2
39.5
71.7
72.4
555.7
209.2
56.9
9.5
38.2
78.8
163.0
522.8
204.9
59.3
10.2
54.4
76.9
117.1
451.4
192.5
52.6
8.8
40.7
76.8
80.0
508.2
207.9
55.0
9.3
40.0
83.7
112.3
479.5
205.5
53.6
9.7
41.6
85.2
83.9
505.5
212.3
55.9
9.6
41.7
86.4
99.6
466 0
185 8
52 6
89
41.5
81 0
96.2
469
204
51
9
43
79
81
478.3
203.9
49.5
9.3
41.9
84 1
89.6
2, 474. 7
348.0
350.1
253.2
277.2
1, 246. 2
2, 069. 6
299.6
255.0
207.2
216. 5
1, 091. 4
t
2, 284. 5
328.9
277.7
253. 1
245.9
1, 178. 8
2, 243.
357
247
238
213
1, 186
6
7
0
3
8
1
7
4,140
981
525
2,634
171
598
572
209
321
119
241
105
299
2, 259. 6
354.6
270.9
249.7
209.2
1, 175. 1
3
3
5
5
9
1
MONETARY STATISTICS
Gold and silver:
Gold:
21, 684
Monetary stock, U. S. (end of mo.)
mil. of dol
Net release from earmark§._
do
10.6
969
Exports.. _
thous. of dol
5,392
Imports
do
76, 200
Production, reported monthly total 9
do
48, 500
Africa
do
13, 800
Canada
do
7,000
United States
do
Silver:
649
Exports.- _
_
do
7,299
Imports
do
Price at New York
dol. per fine oz
.908
Production:
2,386
Canada©
thous of fine oz
2,836
Mexico
do
2,840
United States _ _
do
Money supply (end of month) :
Currency in circulation ._
mil. of dol.. 30, 422
218, 800
Deposits and currency, total . . _ _
do
3,200
Foreign banks deposits, net do
5,800
U. S. Government balances
_ do
Deposits (adjusted) and currency, totalf
do
Demand deposits, adjusted^
do
Time deposits, adjusted^
_ _ _ _
do
Currency outside banks
__do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
New York City
ratio of debits to deposits
6 other centers d"J
- - do_ _
337 other reporting centers t
do
t
21, 686
—7.1
230
10, 645
75, 700
48, 300
13, 800
6,800
21, 688
—27.0
778
32, 648
74,900
47,500
13,600
6,300
21,690
—23.8
591
27, 305
70, 500
45, 500
13, 300
5,000
21, 693
—8.2
307
11,743
71,200
46, 300
13, 000
4,800
21, 695
—15.7
108
18, 704
68, 900
45,600
12, 400
4,600
21, 716
—2.9
843
12, 282
21, 743
16.9
491
10, 390
21, 772
1.8
611
25, 949
21, 799
29.9
360
18, 767
21, 830
43.9
421
5,262
21, 858
43.2
94
4,804
49,900
13,500
5,000
49, 900
12,900
4,700
52, 100
13, 100
5,400
52, 200
13, 200
5 100
12, 100
5,900
6,300
910
6,717
.918
522
6,655
.915
721
6,736
.905
354
4,208
.904
130
5,325
.909
216
8,970
.911
422
13, 388
.909
429
13, 985
.908
281
10, 695
.905
272
11, 647
.901
215
11, 723
.906
2,408
3,528
2,432
2,089
3,837
3,087
2,417
4,347
3,180
2,281
3,718
3,249
2,094
3,701
3,615
2,297
3,241
3,790
1,759
3,446
2,898
2,463
3,977
2,905
2,494
3,032
2,501
2,266
3,632
3,828
2,312
30, 559
220, 700
3,200
6,200
30, 993
221, 200
3,200
5,800
31, 158
224, 943
3,167
5,199
30, 228
221,000
3,100
3,600
30, 163
219,900
3,000
5,400
30, 339
221,600
3,000
7,800
30,210
221,200
3,000
5,800
30, 513
221, 200
3,000
7,000
209, 700
104, 900
77, 700
27, 200
211, 300
106, 100
77,900
27, 300
212, 200
106, 900
77, 400
27,900
216, 577
109, 914
78, 378
28, 285
214, 400
108, 900
78, 400
27,100
211, 600
105, 600
78, 800
27, 200
210,800
104,400
79, 300
27,200
212, 400
106, 100
79, 300
27, 000
211, 200 »•r 213,643 P 213,300
104, 200 r 104,744 P 105, 200
80, 615
79,600
80,600
27,400 ' 28, 284 P 27, 400
43.5
27.4
21.1
44.7
26.5
20.3
45.4
29.0
22.0
51.3
28.1
21.6
45.7
29.5
21.7
41.1
27.5
21.0
47.2
29.7
20.8
45.4
30.1
21.5
46.0
28.7
21.7
r
3,035
21,884
86.9
22,096
4,091
600
16, 743
.908
.912
2,828
30, 715 30,604
30, 757
30,768
223,585
P 221 ,400 P223, 000 p224, 100
r
3,
115
P
3,
100
v
3,
100
P3,
200
r
6, 827 P5,000 v 7, 100 P6,800
47.0
28.9
21.6
45.9
29.6
22.4
P 212, 800
pl04 500
P 80, 900
P 27, 500
P214, 200
P105, 400
P 81, 200
P 27, 500
44 4
'27.4
'21.3
44.8
P27.5
*22.0
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):
3,850
3 735
4,151
4 044
Net profit after taxes all industries
mil of dol
240
234
301
286
Food and kindred products
do
99
81
110
87
Textile mill products
do
Lumber and wood products (except furniture)
51
49
66
85
mil of dol
162
166
166
154
Paoer and allied oroducts
do
' Revised.
» Preliminary.
« Revisions for assets of life insurance companies for July 1955 (mil. dol.): Total, 87,638; other assets, 2,894.
©Revisions for insurance written for January-August 1954 are shown in the November 1955 SURVEY. Revisions for silver production in Canada for January-September 1954 are shown
in the December 1955 SURVEY; those for January-July 1952 and January 1955, in the April 1956 issue.
t Includes revisions not distributed by regions.
§ Or increase in earmarked gold (—).
9 Includes data not shown separately.
1 The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection,
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
J Revisions beginning with 1943 appear on p. 24 of the October 1955 SURVEY.
SURVEY OF CURRENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-19
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations— Continued
Net profit after taxes— Continued
Chemicals and allied products
mil. of dol._
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.ofdol
Machinery (except electrical)
do
Electrical machinery _ _
.
_ _
do _
Transportation equipment (except motor vehicles,
etc.). - --- _ .- mil.ofdol
Motor vehicles and parts
do
All other manufacturing industries
_ do
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil. of dol
Railways and telephone cos. (see pp. S-23 and S-24).
429
600
190
157
312
459
788
138
213
386
442
639
135
241
376
438
659
190
230
397
158
209
172
142
305
190
146
321
163
157
392
193
99
359
369
110
495
371
96
400
334
116
315
352
1,565
2,389
1,667
1,727
284
326
374
321
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding) __
mil.ofdol
New capital, total
do
Domestic, total
do
Corporate
do
Federal agencies
.- _
do
Municipal, State, etc _
_ ..do- Foreign
do
Refunding, total 9
Domestic, total _ _ ...
Corporate
Federal agencies
Municipal, State, etc
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
_.
_
Common stock
_
Preferred stock
By type of issuer:
Corporate, total 9 _
Manufacturing
Mining
_ _ ._ _
Public utility
Railroad
Communication _ _ _
Real estate and
financial
-
do
do _
do
do
do
566
130
402
3
2,480
2 259
2, 258
1 125
205
929
1
1 659
1 459
1 427
33
719
0
424
59
99
99
33
62
4
221
221
17
198
5
199
199
52
143
4
129
113
45
64
4
1,200
1 101
1,098
549
235
'643
1,331
1 202
1, 143
do
1,627
2.646
1 840
1,913
1 710
1 998
1 787
1 876
2 128
2 161
r
do
do___
do
do
1,451
2,442
1,046
161
43
1 562
1,767
431
193
85
835
107
39
1 619
1 731
1 602
1 634
'673
1 926
1 939
' 1, 776
••911
••183
736
189
52
224
29
29
164
1,250
89
26
170
66
698
113
708
187
14
285
14
40
97
980
347
52
275
52
39
103
892
Noncorporate, total 9 _. __
do _.
U. S. Government
do
481
State and municipal . _ _ _
_ do_ _
407
New corporate security issues:
722
Estimated net proceeds, total
do-_
Proposed uses of proceeds:
New money, total
_ do. _..
559
373
Plant and equipment
do
Working capital
do
186
52
Retirement of securities
do
111
Other purposes
.. . __do-_
State and municipal issues (Bond Buyer) :
Long-term
- thous. of dol__ 407, 314
Short-term
do
200, 458
1,396
1,132
438
661
1,234
1,074
do
do
do.- do
do
do
do
560
94
82
529
73
19
478
139
128
675
143
42
621
210
13
66
19
3
267
744
226
23
200
31
37
196
861
278
22
190
47
122
136
932
466
415
1,089
1,253
544
709
694
964
611
950
124
71
88
590
455
136
62
42
793
544
249
63
108
925, 818
136, 646
661, 017
242 810
2,789
920
2,159
2,796
876
2,260
461
926
983
137
65
661
179
50
915
342
10
2Q9
14
15
175
1 185
889
307
59
239
33
12
191
927
518
401
962
453
391
943
451
491
1 272
730
846
898
1 165
873
r
496
178
317
32
83
664
388
276
26
40
762
525
236
56
28
702
482
220
82
114
1 116
768
446
322
43
61
T
415, 285
148, 913
406, 800
196 298
709, 444
357 195
400, 650
248 649
390 541
124 807
490 526
252 071
331
2,830
889
2,345
2 822
2 774
2 817
2 821
2 847
645
407
210
32
487
35
339
39
82
112
948
167
21
28
1, 975
r 1, 508
1,580
r
1,362
1,365
r 565
r
r 15
' 1, 109
'346
r
79
' 244
10
'263
50
'708
r 220
'81
' 157
22
' 84
110
' 104
r
'865
'800
682
186
33
900
254
42
251
55
57
218
213
680
355
324
1, 093
' 695
883
1,012
T
758
T
254
' 27
' 53
r
802
514
288
47
34
484
379
437
736
92
736 386 r378 535
175 825 r!94 625
r
436
563
r
386
r 177
T
' 25
107
213 ^38
207 418
324 344
178 780
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
Money borrowed-.
.mil. of dol.
do
-do _
_ do _.
2,848
977
2,124
905
2, 170
913
2,189
960
2,177
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
97.44
total§
dollars
98.07
97 65
97.08
97 82
96 32
98 00
97.71
Domestic- . __
do
98.35
97.96
97.37
98.31
98.08
96.56
Foreign
do
81.82
81.27
78 91
79 06
78 79
79 36
79 52
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues):
Composite (17 bonds)
dol. per $100 bond
113.1
113.5
112.4
113.7
113 2
113 3
113 9
Domestic municipal (15 bonds) ..
do
121.3
122.5
119.8
121.3
122.7
122.4
120.3
U. S. Treasury bonds, taxable
do
94.87
95.07
95.83
95.46
94.88
95.40
95.94
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
106, 046 195 875
Market value
thous of dol
90 762
95 283 104 729 109 660 120 682
Face value
do
108, 464 177, 186
95 692 105 143 105 230 121 514
87 870
New York Stock Exchange:
104, 134 194, 268
Market value _
_
do
88, 662
93, 795 103, 410 108, 284 119, 104
106, 239 175, 133
Face value
.
do
85. 283
93, 748 103, 482 103. 480 117. 469
' Revised.
*> Preliminary.
9 Includes data not shown separately.
§ Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in
322
2 811
2 819
2 816
2 113
95 22
95 46
78 92
93 86
94. 10
77 61
93 52
93 76
77 46
110 2
118 6
93.94
108 4
116 0
91.81
105 8
113 8
91.43
81 717
84 454
82 893
83 216
101 631
100 885
86 568
86 673
80,522
83. 100
81, 261
81. 480
99 228
98. 165
85, 561
85. 454
2 228
837
2,266
95 50
95 74
79 14
96 48
96 75
78 23
96 39
96 65
78 79
111 2
116 9
92.86
110 6
117 3
94.40
110 5
119 2
95.03
110 399
114 574
104 178
107* 082
109, 126
112. 538
101, 703
104. 670
870
2 843
872
2,086
2 189
896
858
2,242
computing average price of all listed bonds.
867
105 2
112 8
91. 53
SURVEY OF CUKKENT BUSINESS
S-20
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
1956
Septem- October Nov3m- December
ber
ber
January
February
March
April
May
June
July
August SeptemOctober
ber
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Sales— C ontinued
New York Stock Exchange, exclusive of stopped
sales face value total§
thous of dol
U S Government
do
Other than U S Government total §
do
Domestic
do
Foreign
do
Value, issues listed on N. Y. S. E.:
Market value total all issues §
mil of dol
Domestic
do
Foreign
do
Face value total all issues §
do
Domestic
do
Foreign
do
Yields:
Domestic corporate (Moody 's)
percent- _
By ratings:
Aaa.
do
Aa
-_ do
A
do
Baa _
do
By groups:
Industrial _
do
Public utility
do
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)
do
U. S Treasury bonds, taxable
do
119, 758
1
119, 757
114,398
5,329
83, 974
5
83, 969
78, 916
5,026
75, 397
0
75, 397
69, 708
5, 668
80, 651
0
80, 651
75, 662
4,986
94, 044
0
94, 044
89, 448
4,560
82,279
0
82, 279
78, 371
3,886
99, 987
15
99, 972
94, 882
5,051
98, 379
200
98, 179
93, 046
5, 134
91, 834
0
91, 834
87,154
4,676
68, 081
0
68, 081
63, 020
5,061
73, 126
0
73, 126
68, 090
5,036
79,790
0
79, 790
75, 647
4,133
73, 740
0
73, 740
70, 081
3,659
104, 548
102, 416
1,487
107, 291
104, 818
1,817
106,110
103, 982
1,477
108, 199
105, 727
1,817
105, 501
103, 449
1,405
108, 039
105, 607
1,777
104, 750
102, 701
1,399
107, 898
105, 471
1,772
105, 598
103, 572
1,371
107, 752
105, 357
1,740
105, 444
103,510
1,286
107, 799
105, 536
1,618
103, 832
101, 920
1,275
107, 800
105, 548
1,607
102, 899
100, 995
1,276
107, 743
105, 486
1,613
104,115
102, 227
1,259
107, 910
105, 656
1,609
104, 289
102, 394
1,270
108, 199
105, 942
1,612
103, 137
101, 239
1,276
108,314
106, 053
1,616
101, 566
99, 703
1,252
108, 210
105, 952
1,613
100, 588
98,728
1,251
107, 555
105, 295
1,615
3.31
3.30
3.29
3.33
3.30
3.28
3.30
3.41
3.46
3.46
3.50
3.62
3.75
3.82
3.13
3.22
3.31
3.59
3.10
3.19
3.30
3.59
3 10
3.18
3.29
3.58
3.15
3.22
3.33
3.62
3.11
3.19
3.30
3.60
3.08
3.16
3.28
3.58
3.10
3.18
3.30
3.60
3.24
3.30
3.41
3.68
3.28
3.34
3.47
3.73
3. 26
3.35
3.48
3.76
3.28
3.39
3.52
3.80
3.43
3.50
3.63
3.93
3.56
3.63
3.73
4.07
3.59
3.69
3.81
4.17
3.25
3.29
3.40
3.23
3.27
3.38
3.22
3.28
3.38
3.26
3.31
3.42
3.23
3.28
3.40
3.20
3.26
3.37
3.24
3.27
3.37
3.37
3.38
3.47
3.40
3.44
3.53
3.39
3.44
3.56
3.42
3.48
3.59
3.55
3.60
3.72
3.68
3.73
3.83
3.75
3.82
3.89
2.53
2.63
2.88
2.45
2.56
2.82
2.52
2.55
2.85
2.58
2.71
2.88
2.48
2.64
2.86
2.49
2.58
2.82
2.64
2.69
2.90
2.76
2.88
3.05
2.62
2.86
2.93
2.56
2.75
2.89
2.71
2.78
2.97
2.90
2.94
3.15
2.90
3.07
3.19
3.14
3.18
669.0
128.5
234.9
9.1
294.6
85.2
112. 2
2.0
2, 418. 7
265.8
1, 547. 0
230.5
808.7
164.5
269.5
9.7
323.6
110.3
98.1
3.6
1, 607. 1
102.7
1, 088. 5
115.0
707.1
125.6
248.3
9.2
288.9
56.9
130.1
2.1
1, 623. 3
109.1
1, 078. 3
128.7
731.8
147.9
254.1
8.0
292.8
64.3
122.9
3.3
1, 591. 4
105.3
1, 080. 9
117.9
749.8
142.6
269.6
9.5
128.5
87.2
17.4
55.7
7.7
L.5
73.4
3.4
9.7
7.2
42.1
126.4
117.4
51.3
38.2
136.5
87.0
40.1
91.5
9.9
1.5
75.2
12.4
18.1
4.4
41.1
120.3
68.5
42.3
28.7
138.8
92.9
23.6
61.3
7.4
1.2
75.8
7.2
9.4
6.2
41.0
122.8
66.0
50.4
27.0
140.5
94.7
16.6
61.7
8.3
1.2
76.3
6.5
10.3
8.0
40.9
120.3
59.9
42.3
23.9
140.5
96.1
19.3
61.9
10.3
4.90
5.30
2.24
3.60
3.23
3.49
5.19
5.69
2.27
3.70
3.26
3.60
5.21
5.71
2. 27
3.79
3.34
3.63
5.22
5.72
2.27
3.86
3.34
3.65
5.24
5.72
2.28
3.86
3.34
3.87
5.25
5.73
2.32
3.86
3.36
3.87
5.27
5.76
2.32
3.89
3.36
3.87
5.28
5.77
2.32
3.93
3.36
3.87
5.29
5.77
2.32
3.93
3.36
4.01
5.35
5.85
2.32
3.93
3.36
4.01
5.35
5.85
2.32
3.97
3.39
4.01
5.36
5.86
2.32
3.97
3.39
4.01
5.39
5.89
2.33
3.98
3.45
4.01
122. 51
138. 21
49.83
69.60
119.02
133. 96
48. 53
67.42
126. 95
143. 78
49.90
74.47
128.03
145. 67
49.35
72.29
123. 96
140. 11
49.10
70.76
128. 19
145. 53
49.66
71.45
136.18
155. 90
51.38
76.94
136. 10
156.14
49.74
78.32
127. 77
145. 40
49.10
72.61
131. 94
151.11
49. 55
73.51
138. 29
158.98
51.98
74.92
133. 20
152. 72
50. 36
70.22
126.56
145.06
48.42
66.92
127. 34
146. 17
48. 46
68.22
3.93
3.76
4.50
4.91
4.06
2.67
4.12
3.96
4.62
5.34
4.16
2.73
4.09
3.96
4.55
4.97
4.09
2.63
4.07
3.92
4.60
5.24
4.23
2.69
4.21
4.08
4.62
5.46
4.40
2.84
4.09
3.93
4.59
5.40
4.41
2.87
3.86
3.68
4.52
5.02
4.36
2.72
3.87
3.69
4.66
4.97
4.35
2.89
4.13
3.97
4.73
5.41
4.52
3.07
4.01
3.82
4.68
5.35
4.41
3.19
3.87
3.68
4.46
5.25
4.25
3.05
4.02
3. 83
4.61
5.65
4.24
3.20
4.24
4.04
4.79
5.93
4.17
3.34
4.23
4.03
4.81
5.83
4.23
3.22
Stocks
Cash dividend payments publicly reported:
1, 488. 4
Total dividend payments
- _ _ _ _ _ _ mil. of dol
108.5
Finance
do
985. 7
Manufacturing
__ __ _
do
113.2
Mining
_ __
do
Public utilities:
38.9
Communications
do
114.2
Electric and gas
_
do
58.6
Railroad
do
41.1
Trade
do
28.2
Miscellaneous
_ __
do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's) :
4.81
Dividends per share, annual rate (200 stocks) -dollars. _
5.20
Industrial (125 stocks)
do
2.24
Public utility (24 stocks)
do
3.42
Railroad (25 stocks)
do
3.23
Bank (15 stocks)
do __
3.49
Insurance (10 stocks)
do
Price per share, end of month (200 stocks) 9 _ _ _ d o
Industrial (125 stocks) _ _
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
_ _ __
Insurance (JO stocks)
__
_
percent
do __
do
do
__ do_ _
_ do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.)
percent-Prices:
Dow-Jones & Co., Inc. (65 stocks)
dol. per shareIndustrial (30 stocks) -_
do
Public utility (15 stocks)
do
Railroad (20 stocks)
_
.do
Standard and Poor's Corporation:
Industrial, public utility, and railroad:^
Combined index (480 stocks)
1935-39=100..
Industrial, total (420 stocks) 9
do
Capital goods (128 stocks)
do
Consumers' goods (195 stocks)
do
Public utility (40 stocks)
_ _
do
Railroad (20 stocks)
do
Banks, N. Y. C. (12 stocks')
do __
Fire insurance (16 stocks)
__do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil of dol
Shares sold
thousands
On New York Stock Exchange:
4.06
10.90
3.27
6.27
11. 60
3.21
9 06
9 94
3 14
9 07
4.04
4.01
4.05
' 10. 65
3.32
9.03
P 8.80
P 3 37
P 8 03
i
1
4.03
3.99
4.01
4.15
4.22
4.17
4.16
4.24
4.39
4.42
176. 71
502. 67
67.05
167. 71
180. 80
511.04
66.20
172. 87
177. 74
495. 20
65.69
173. 33
173. 76
485.33
66.24
165. 97
180. 77
509. 76
69.70
168. 35
180. 38
511.69
70.00
165. 00
173.96
495. 01
67.67
157. 98
171.12
483. 80
66.08
158. 96
336.8
393.6
396.5
275.2
151. 0
241.2
170.6
280.4
169. 99
476. 43
65. 36
160. 08
160. 92
452. 65
62.31
149. 99
169.48
476.59
64.76
159.29
172. 36
484. 58
64.98
163.34
168. 18
474. 75
63.60
157. 94
168. 93
475. 52
65.00
157. 96
323.2
371.1
380.3
282.8
154.8
257.0
165.3
314.9
306.2
350.1
350.6
272.6
150.6
240.5
157.5
293.1
321.5
363. 2
370. 2
285.9
153. 8
251.6
163. 9
303.3
327.0
376.8
379.0
284.2
153.2
257.7
162.5
315.0
322.9
371.7
373.0
275.8
152.9
249.4
160.9
308.1
324.4
372.8
372.7
272.6
155.4
249.6
155.5
307.4
346.7
401.3
403.8
286.5
158.6
264.9
159. 5
332.5
351.1
408.0
406.2
280.9
156.2
270.5
160.4
321.0
344.2
399.2
394. 1
271.1
154.5
269.1
156.3
300.6
340.5
396.6
390.9
271.5
154.4
257.2
158.3
294.8
356.5
417.3
414.8
283.7
157.4
259. 9
161.8
298.0
357. 3
418.0
419.4
284.1
159.0
253.9
164.3
297.4
343.6
401.6
404.3
278. 6
154.7
240.1
168.7
279.8
3,323
107, 344
2,978
95, 888
2,728
101, 386
2,925
105, 915
2,886
93, 041
2,569
81, 242
3,832
131, 821
3, 453
119, 218
3,342
111,969
2,519
87, 930
2,883
101, 691
3,155
97, 039
2,436
81,802
2 £64
75, 519
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
. thousands-- 60,100
Shares listed, New York Stock Exchange:
197, 536
Market value all listed shares
mil of dol
Number of shares listed
millions. . 3,519
2 598
66, 364
2 358
72, 513
2 512
69, 211
2,463
62, 227
2,181
53, 134
3, 247
87, 135
2,913
73, 888
2,820
73, 774
2,140
60, 213
2,434
68, 752
2,670
61, 630
2,064
54, 661
r
42, 178
46, 380
50, 991
47, 197
46, 401
60, 363
54, 106
53, 230
37, 201
45, 712
44, 532
37,227
192, 782
3,560
204, 650
3,766
207, 699
3,836
202, 336
3,862
209, 559
3,898
223, 887
4,063
224, 682
4,075
211,896
4,123
218, 579
4,260
229, 423
4,314
221, 160
4,333
210, 015
4,380
40, 342
Revised.
v Preliminary.
§ Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price o
all
listed
bonds
shown
on p. S-19.
9 Includes data not shown separately.
cf
Number
of
stocks
represents number currently used; the change in the number does not affect the continuity ol series.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SUKVEY OF CTJKRENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-21
1955
1956
SeptemDecemOctober November
ber
ber
January
February
March
May
April
June
July
August
Septem- October
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) %
5,444
610
5, 864
5,891
576
(i)
423
3, 396
3,843
789
809
3, 936
598
781
4,390
636
901
4,623
2,820
130
682
991
4, 658
3 116
145
691
706
4,844
3 249
152
732
711
5,000
3 161
159
813
867
do _
+821
+ 1, 206
+1,047
(i)
do
_ _ __do
_ _ _ _ _ _ do _
— 1,131
— 111
-1,020
—997
— 126
—871
1 122
118
— 1,004
(i)
121
(i)
Exports of goods and services, total
mil. of dol__
Military transfers under grants, net
do
Merchandise, adjusted, excluding military transactions©
mil. ofdol _
Income on investments abroad
_ do
Other services and military transactions
do
Imports of goods and services, total
Merchandise, adjusted Ocf
Income on foreign investments in U. S
Militarv expenditures
Other services cf - __
do ._
- do
_ do
do
do_ __
Balance on goods and services
Unilateral transfers (net), total
Private
Government _ _
604
834
0)
U.S. long- and short-term capital (net), total
Private
Government
do
do
do
-237
-191
-516
— 502
— 14
-546
— 427
— 119
-831
601
—230
Foreign long- and short-term capital (net) ...
Gold sales [purchases (— )]
Errors and omissions
do __
do
do
+519
+223
g
+92
+610
+ 508
— 103
+ 122
—46
15
+43
]9
+23
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:}:
Quantity
Value
Unit value
Imports for consumption :t
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
Seasonallv adjusted
Total, excluding cotton:
Unadjusted
Seasonally adjusted
Imports for consumption:
Unadjusted
Seasonally adjusted
.1936-38=100
do
___
do
250
511
205
276
569
206
260
538
207
273
572
210
246
520
211
259
552
213
304
642
212
290
614
212
328
692
211
325
687
211
312
657
210
297
618
208
__
164
464
284
175
494
283
181
513
283
171
487
284
179
511
285
176
505
287
181
523
289
165
476
289
181
522
288
174
501
287
177
509
288
177
508
286
98
101
100
106
110
119
11, 241
13 177
11,919
12 792
___ _
-
do
do
do
1924-29—100
do
(2)
do _
do
(2)
(2)
(2)
do
__do. _
<,
97
102
101
106
111
94
94
115
112
110
109
117
105
97
92
thous. of long tons
do
9,760
11,061
10, 105
11 264
8,685
11 593
8,489
10 946
7,413
10 830
7 083
10 116
7,835
10 377
9, 678
10 658
Exports (mdse.), including reexports, total\_mil. of dol- 1,255.7
By geographic regions: A
44, 031
Africa
thous. of dol
Asia and Oceania
do _ 177, 224
336, 721
Europe
do
1, 396. 1
1, 321. 6
1, 404. 9
1, 279. 8
1, 358. 6 1, 578. 3
1, 509. 9
1, 699. 9 1, 687. 4 1, 612. 8 ' 1, 516. 8 1, 518. 0
49, 664
197, 886
382, 933
44, 635
202, 972
372, 338
44, 301
219,081
387, 765
51,011
179,316
376, 214
66 698
187, 970
351 660
80 029
239, 232
387, 801
56 912
229, 938
399, 872
64 397
254, 032
444, 831
54 040
247, 888
433, 200
48, 917
235, 461
339, 835
46 959
230, 911
401 564
296, 671
147, 319
139, 397
277, 809
157, 577
140, 220
277, 443
162, 955
170, 690
264, 528
142, 175
132, 842
304, 243
152,727
150 971
348, 980
174, 236
180, 294
352, 808
160, 202
142, 414
375, 145
163, 335
149, 863
348, Oil
169, 658
171, 726
306,108
145, 690
151, 974
308 429
156, 235
167 468
4,503
20, 863
5,373
17, 090
6,089
17, 308
5, 770
24 519
20 097
23 186
18, 672
31 975
10 230
20 409
11,486
22 552
7,912
23 180
6.513
18 454
3 304
19 785
20, 892
3,093
22, 442
3,445
23, 388
54, 145
6,020
31, 512
18, 181
54, 299
7,169
38, 022
16, 833
3, 306
0
30, 106
69, 371
6, 784
22, 543
12, 375
3,191
0
20, 685
44, 073
7, 826
22, 172
14, 511
4 035
0
22, 254
51 698
6,958
26, 035
16, 583
4,744
0
42, 449
59, 535
9,059
27, 1 14
12, 079
4, 122
0
30, 149
67, 696
8,907
26, 401
12, 603
4,936
0
30, 739
78, 266
10, 834
27, 090
13,395
3 841
0
34, 082
72, 530
8, 457
28, 075
13, 082
2,761
0
33, 743
63, 487
11, 173
24, 594
11,375
3 717
0
36 167
68 016
14, 173
24 983
36, 175
29, 726
50, 358
30, 968
52, 101
30, 692
101, 948
76, 844
29,503
0
59, 378
35, 441
0
81, 801
33, 614
14
51, 153
40, 439
4
74, 184
39 512
0
49, 231
41, 303
1,243
59 219
43 130
18
62, 033
40 170
123
67 570
39 157
51
54, 814
37, 120
347
67 940
52, 426
39
70, 409
41 035
379
65 989
52 905
47
63, 429
38 524
601
64 182
44 665
113
49, 871
33 480
285
50 372
47 914
0
62 648
38 191
49
62 413
Shipping Weight
Water-borne trade:
Exports incl reexports §
General imports
r
Value |
277, 699
Northern North America
do
136, 719
Southern North America
___do
South America
do
128,314
By leading countries:A
Africa:
Egvpt
do
5,518
Union of South Africa
do
19, 535
Asia and Oceania:
Australia, including New Guinea
do
17, 208
2,316
British Malava
do
0
China, including Manchuria
do
15, 967
India and Pakistan
_ _ do
Japan
do
55, 437
5,609
Indonesia _
do__ _
Republic of the Philippines
__ _ _ _ do. _ _ 22, 255
Europe:
28, 376
France
do
0
East Germany
_ do_
49, 634
West Germany
_ _ _ _ _
_ do 28, 821
Italy
do
0
Union of Soviet Socialist Republics
_ do _ _
88, 940
United Kingdom
do
North and South America:
277, 670
Canada
do
296, 670
277, 809
277, 430
264, 499
304 243
348 962
352 785
375 140
348 003
306 103
308 421
251, 306
11,973
16, 934
6,546
271, 055
12, 860
18, 084
8,580
282, 190
8,992
18, 706
8,391
315, 472
11,362
22, 997
11, 044
259, 056
8,070
21, 339
7, 966
287, 793
16, 433
25, 475
7 253
334, 491
21 316
27, 952
11 247
287, 041
14 475
18, 420
9 371
295, 516
14 142
19, 860
10 407
324, 022
19 613
24, 037
12 087
280,
19
25
13
306,
21
27
13
Latin American Republics, total 9-- -Argentina
Brazil
_
Chile
do
do
do _
do
3
0
64
0
209
10
979
251
033
633
687
451
951
966
25, 912
27, 312
28, 786
35, 691
25, 389
Colombia
do
28 305
33 217
25 823
35 936
26 649
31 638
26 587
39, 959
39, 951
Cuba
_
do _ . 36, 083
39, 463
43, 886
37, 560
40 956
33 439
51 988
38 995
40 128
41 548
55, 480
62 275
66 929
57 219
66 821
68, 778
Mexico
do
71 414
76 992
67 645
66 089
71 183
67 007
47, 648
Venezuela
do
62, 944
47, 057
55, 127
45, 410
54, 955
57, 860
50, 602
50, 345
45! 613
51, 731
50. 892
r
l
2
Revised.
* Preliminary.
Not available.
Revised indexes will be published later.
{Revisions for 1st quarter 1953-lst quarter 1955 for balance of payments and for January 1954-Tuly 1955 for foreign trade will be shown later.
G Adjusted for balance-of-payments purposes, mainly for valuation coverage and timing.
cf Excludes military expenditures.
§ Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
1 Data include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments are as follows (mil. dol.): September 1955-September 1956, respectively—99.1; 119.3; 72.7; 84.1; 82.0; 89.8; 104.3; 112.0; 184.3; 198.8; 330.8; 152.3; 99.9.
AExcludes
"special category" shipments.
9Includes countries not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
May
April
June
July
August
Septem- October
ber
1, 506. 2
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value t — Con tinued
Exports of U. S. merchandise, total^f
mil. of doLBy economic classes.'cf
Crude materials
_ _ _ _ _ - thous. o f doL
Crude foodstuffs
_ _ _ . do _ Manufactured foodstuffs and beverages 9 - —do
Semimanufactures 9
- - do
Finished manufactures 9
do
By principal commodities:
Agricultural products, total©
do - Cotton, unmanufactured
do _
Fruits, vegetables, and preparations - _ _ - d o
Grains and preparations
do
Packing-house products
__ _ _ _ _ _ _ _do_- _
Tobacco and manufactures
do
Nonagricultural products, tota!0
mil. of dol
Automobiles, parts, and accessories
thous. of dol
Chemicals and related products§__ _ _ _ - d o - - _
Coal and related fuels
do
Iron and steel-mill products
do
Machinery, total §©
Agricultural
Tractors, parts and accessories
Electrical
Metalworking§
Other industrial
do
do _
do
_ _ do
do
-- do
Petroleum and products
Textiles and manufactures
- - do
do
--
General imports, total
_
_ mil. ofdoL
By geographic regions:
\friea
thous of dol
Asia and Oceania
do
Europe
_
do
Northern North America
do
Southern North America
_
do_
South America
do
By leading countries:
Africa:
Egypt
- _-do_Union of South Africa
do
Asia and Oceania:
\ustralia including New Guinea
do
British Malaya
do
China including Manchuria
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
EuropeFrance
do
East Germany
do
West Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
_ _ . do
Latin American Republics total©
do
Argentina
do
Brazil
_.
_ do
Chile
do
Colombia
do
Cuba
do
M^exico
do
Venezuela
- --do
Imports for consumption total
mil. of dol
By economic classes:
Crude materials
- - thous. of dol
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products total©
- do
Cocoa or cacao beans incl shells
do
Coffee
'
do
Hides and skins
do
Rubber crude including guayule
do
Sugar
do _
Wool and mohair unmanufactured
do
Nonagricultural products total©
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures, total
thous of dol
Copper incl ore and manufactures
do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
r
1, 246. 4
1, 385. 9
1, 312. 0
1, 393. 7
1. 266. 9 1, 345. 1
1, 566. 1
1, 497. 1
1, 601. 7
1, 506. 6
177, 171
70, 960
79, 495
199, 369
719 406
207, 278
61, 390
89, 860
213, 784
813 579
184, 758
71, 661
99, 742
196, 472
759 399
175, 857
82, 944
108, 069
217, 014
809 861
144, 944
77, 756
89, 135
197, 527
757, 564
125, 247
76, 231
96, 185
215, 776
831,690
152, 483
112, 995
115,094
228, 462
957 062
183, 152 196, 186 183, 608 148, 669
108, 460 132, 684 133, 558 110, 699
97, 572
87, 086 109, 941 116, 717
218, 113 231, 922 235, 918 196, 674
900, 261 1,014,977 1,003 844 1 048,061
211, 406
113, 829
105, 805
199, 218
876, 376
260. 490
21,914
21,872
76, 971
18, 323
63, 733
289, 094
35, 952
29,171
63, 625
24, 599
64, 078
296, 994
26, 751
24, 801
73, 675
25, 328
47, 806
309, 513
31, 224
25, 037
80, 269
27, 219
34, 560
256, 806
15,807
22, 230
76, 310
26, 791
33, 837
242, 950
18, 556
25, 224
74, 129
24, 648
22, 1 69
330, 192
50, 858
28, 927
116, 003
25, 901
22, 677
313, 341
59, 428
28, 482
103, 308
27, 900
24, 325
361, 061
57, 298
36, 075
122, 539
26, 504
27, 659
334, 455
65, 726
26, 754
124,900
21, 661
29, 454
1, 685. 7
1, 673. 6
356, 742
40, 342
36, 992
127, 985
23, 352
25, 430
277, 148
19. 918
r 30, 197
112, 041
22. 392
21, 519
1, 324. 5 1, 172. 2
985. 9
1, 096. 8
1, 015. 0
1, 084. 2
1,010.1
1,102.2
1,235.9
1,183.7
1. 324. 6 1,316.9
88, 070
92, 237
53, 205
70 248
91, 350
97, 724
56, 1 72
78 295
109, 676
93,011
47, 614
75 373
126, 749
97,116
46 207
83 438
113,952
89, 838
46, 510
77 110
136, 255
96,816
42, 329
83 924
168, 743
112, 779
41,818
91 120
132, 338
1 04, 985
54, 236
92, 439
134, 304
106. 751
60, 749
95, 892
1 24, 880 127, 193
114,482 103, 409
69, 420 ' 68, 303
65. 016
89 213
235 865
7,342
20 982
67, 298
16 081
114 679
269 745
7,402
30 372
67, 941
19 952
131, 707
272, 747
7, 621
29 046
72, 621
18 064
133, 093
289 015
9,424
34 456
73 694
20 269
138 801
271 360
9,213
30 671
71, 300
18 829
129 241
294 198
10, 895
33 567
74, 179
17 060
145 806
327 243
13, 730
37 748
76 456
19 791
165 001
320, 123
12, 690
37, 884
79, 442
19 530
157, 667
353, 182
12, 808
40, 709
92, 039
22, 426
171,832
340 817
12, 089
33 014
90, 494
20 517
170,883
360, 003
11. 564
28, 745
133, 764
17 096
156, 717
298, 951
10, 065
31, 169
78, 110
16, 043
153, 045
53, 222
49 487
58, 566
55 958
48, 084
53 489
55 684
49 669
50, 681
46 554
43, 748
52 812
53, 746
57 289
54, 516
51, 602
54, 435
51, 855
51,951
53 512
57, 455
41 845
58, 382
51, 520
109, 986
105, 319
80, 566
56, 260
946.1
1,010.7
1, 064. 6
1,007.8
1 , 074. 3
1, 050. 2 1, 102.0
989.9
1, 090. 0
1. 032. 4
1.050.9
1, 049. 1
50 444
170 122
207, 293
234 621
91, 298
192 361
50 189
168 523
237, 191
239 314
87, 892
227 614
45 442
184 713
253. 91 2
240 588
115,036
224 942
63 044
162 066
233 379
?26 939
117, 332
205 073
50 048
206 715
250, 778
221 768
142, 320
202 683
62 122
181,062
228, 231
218 143
141, 184
219 504
52 811
192 235
248,516
222 235
150, 549
235 612
53, 405
1 76, 758
228, 160
224, 164
121,420
185, 953
51, 845
193, 344
252. 541
255, 973
127, 370
208, 965
46 681
179. 677
230. 079
243, 486
119, 745
212, 741
48, 861
181, 060
239, 322
243, 354
117,071
221. 199
40, 907
192, 686
232, 553
267,312
110, 883
198. 779
1,507
7 789
823
7 124
1, 594
7 019
3 348
10 993
1,411
8 365
3, 551
11 120
1.699
8 944
842
6, 402
1, 068
11,441
919
7,982
414
7, 962
729
12, 929
11 112
21,091
2 547
17, 402
39 058
18,414
19 859
4 810
20, 767
807
17, 875
43 921
16, 259
15 840
10 959
18, 474
965
20, 366
47 598
21,335
14 699
7 169
18 155
664
20,411
38 156
20, 393
11 345
15 128
23, 781
1 006
25, 443
50 305
22, 491
24 483
12 002
22,919
874
22, 505
36 718
17, 200
21 097
5 953
23, 225
454
20, 310
39 628
19,407
25 756
3,751
1 7, 520
193
21,096
44, 223
15,004
19, 829
18, 408
14, 755
130
21,002
48. 224
14, 308
23, 895
12, 626
14, 264
104
18, 837
43, 685
13,895
28 757
14,470
16, 346
604
18, 050
46,617
11.311
21, 493
7,103
16,921
1,700
21,802
58, 624
12, 186
23, 917
17 355
632
32,501
11,716
1 983
49, 421
17 654
271
37, 749
19, 265
3 224
59, 580
21,438
575
36, 825
19, 009
560
59, 242
19 256
519
33 569
17, 284
1 890
52, 167
20 921
775
38 909
17, 745
1 490
49, 886
19 047
742
34, 514
14, 338
455
57, 140
19, 548
590
39, 894
15, 483
2 661
58, 230
19,409
203
39, 550
15, 846
2,138
51,430
18, 827
255
41,977
17, 095
3,428
67, 887
17, 638
174
34, 098
14,813
703
64,316
20. 096
548
40, 493
16. 630
2,171
58. 732
20, 914
373
41, 993
18, 344
1,921
57, 508
r
234, 199
239, 314
240, 443
226, 908
221, 750
218, 043
222, 179
224, 127
255, 940
243, 247
243, 319
267, 212
260 253
13' 295
66, 183
14 430
28 699
32, 655
27 272
42, 981
294 457
8 620
77, 450
13 820
60 606
35, 471
20 248
45, 946
312 797
8 434
76, 936
23, 106
43 795
37, 809
30 670
50, 125
294 259
7 925
54, 698
20 509
43 653
27, 877
33 025
55, 957
314 594
17' 232
59, 618
10, 663
33 852
35,128
38 377
56, 506
334 006
14 945
66, 267
14, 765
42 582
44, 215
41 499
55, 827
355 597
15,412
78, 931
23, 151
41,384
45, 470
43, 408
52, 527
285 742
12, 364
42,171
24. 084
26, 713
44, 565
34, 556
54, 114
309 073
9,625
64, 674
21, 806
32, 379
48, 519
35, 950
57, 637
306 698
9, 730
58, 425
23. 632
44, 649
43, 439
30, 469
56. 497
316, 144
9,321
75, 032
16,943
36, 173
40. 646
32. 535
59, 832
284, 225
11,556
59, 090
16, 865
32, 066
46, 995
25, 944
55, 267
1, 044. 9 1,041.4
951.9
1,013 5
1 052 8
999. 1
1, 048. 6
1, 034. 9
1,071.9
976.9
1, 069. 9
1, 027. 4
255, 025
138 863
90 986
243 823
223 356
245, 025
191 177
95 044
239 459
242 798
248, 1 95
193 968
105 311
252 541
252 805
260, 968
172 368
78 589
255 240
231'' 929
269, 457
181 590
95 817
254 004
247 709
263, 127
195 589
96 021
245 766
234 365
263, 955
215 189
100,913
239 988
251 866
244, 998
144 605
101, 054
237 042
249 179
264, 084
162 001
105, 701
256 604
281, 531
245, 665 248, 233
174 997 190. 023
105, 562 100, 038
243 596 ! 236,081
257, 571 270. 568
262, 083
146, 392
107, 096
247, 630
278, 191
306, 573
11 445
96 725
3 167
38 175
32, 656
20 963
353, 348
9 869
146, 813
4 887
39 120
28, 744
21 522
360, 782
13 987
138, 341
4 476
43 216
27, 898
18 898
320, 348
12 445
123 464
3 907
41 559
18, 919
17 677
379, 547
21 239
122, 152
5 269
49 140
39, 082
28, 486
379, 694
17 014
141, 484
5 793
44 250
42, 789
27, 095
403, 103
16, 749
159, 628
7 192
42 746
44, 523
26, 903
317, 133
12, 437
92, 306
6, 708
38 196
39, 020
21, 410
332, 663
15, 872
107, 882
7,760
27 363
40, 156
22, 829
326, 105
11, 568
125, 656
6,729
23 108
44, 179
16, 960
339, 788
10, 803
140, 530
4,928
24, 704
42, 695
18, 174
304, 311
8, 153
99, 729
6,494
22, 981
46, 321
19, 276
645 299
5,215
660 156
3.646
692 039
3,568
678 747
15, 145
669, 030
9,224
655, 173
9,067
668, 808
8,914
659, 745
7,651
737, 258
7,547
701, 286
7,170
705, 155
5,694
737, 079
4,934
123
48
14
28
48
84
121 351
45 161
15, 076
28 942
53, 222
81 624
124 986
48 257
14, 272
29 874
54, 740
95 387
127 639
50 158
13 595
24 595
57, 282
107 461
110 608
28 393
16, 350
29 361
55, 838
105 804
118 762
41, 930
18, 459
28, 628
52, 629
97, 225
112 670 121, 103
48, 276
42, 457
14, 273 1 13, 043
24, 214
25, 673
53, 804
54, 376
95, 855
105. 516
124, 638
47, 007
12, 456
29, 087
61, 660
106, 894
121, 883
51, 805
10, 783
29, 024
57, 165
102, 406
107, 544
39, 480
11, 635
29, 995
59, 962
110, 425
119,944
41, 498
13, 121
31,910
60, 289
104, 039
025
234
016
790
449
537
992. 0
995.7
Revised.
* Preliminary.
J Revisions for January 1954-July 1955 will be shown later.
1 See similar note on p. S-21.
d"Data for January-June 1956 are based on classifications in Schedule G and are not entirely comparable with other months.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures. Effective with the October 1956 SURVEY, private relief shipments of food
products are included under manufactured foodstuffs rather than under finished manufactures, where they had been reported through 1955.
©Includes data not shown separately.
§Excludes "special category, type 1" exports.
SURVEY OF CURRENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-23
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines :§
Miles flown, revenue
__
thousands
Express and freight ton-miles
flown.
do
Mail, ton-miles
flown
_ do
Passengers carried, revenue .
do __
Passenger-miles flown, revenue
millions. _
48, 394
21, 366
6,736
3,071
1,692
49 201
21, 526
7 015
3,081
1,674
45 592
19, 257
7 009
2 705
1,453
48, 500
21,510
10 077
2,724
1,578
47, 988
16, 756
7 145
2,810
1, 653
44, 500
16, 108
7 181
2,645
1,507
49, 081
18, 766
6 739
3,034
1,743
50, 204
16, 702
7 216
3, 172
1,787
52 625
18, 560
7 742
3 230
1,782
52, 823
19, 083
7 179
3,536
2, 085
54 891
18, 069
6 810
3 097
1,878
55 582
22, 256
7 408
3,392
2,007
32, 986
13, 421
33, 730
14, 193
33, 761
13, 476
40, 978
14, 304
29, 516
8,322
29, 441
8,836
33, 471
12, 388
31, 657
11,742
32, 137
11, 756
32, 425
12, 360
30, 094
10, 664
33, 134
13, 508
14.5
747
111.2
14.7
775
120.0
14.7
14.8
122.3
131. 5
Express Operations
Transportation revenues.
Express privilege payments
thous. ofdol.
.do
Local Transit Lines
Fares, average cash rate O
Passengers carried, revenue
Operating revenues
cents..
millions
mil. of dol._
770
803
14.8
740
119.4
14.9
14.9
712
783
115.2
124.4
15.0
15.0
737
776
15.0
15.0
15.1
119.5
124.0
114.9
111.0
115.0
708
654
680
15 1
685
Large Motor Carriers (Intercity)
Carriers of property (quarterly totals) :J
Number of reporting- carriers
_._
789
Operating revenues, total
thous. of dol__ 807, 935
Expenses, total
do
771, 144
Revenue freight carried
thous. of tons__ 54, 515
Carriers of passengers, class I (quarterly totals):
Number of reporting carriers
_ _
157
Operating revenues, total..
._ thous. of dol_ 110, 236
Expenses, total _ _ __
_ _ . -_do
90, 926
Revenue passengers carried
thousands. _ 80, 363
Class I Steam Railways
Freight carloadings (A. A. R )"c?0
Total cars
thousands
3 938
Coal ._ __ _ __
do
658
Coke
do
64
Forest products _ _ _ _ _
_ __
do
232
Grain and grain products
do
264
Livestock _ _ _
do
53
Ore
do
436
Merchandise, 1. c. 1
__
do
315
Miscellaneous
do
1 916
Freight carloadings (Federal Reserve indexes):©
Total, unadjusted
1935-39=100
138
Coal
_
_____ _
do
115
Coke
do
167
Forest products
do
155
Grain and grain products
do
154
Livestock
do
80
Ore
_
do
320
Merchandise, 1. c. 1
do
41
Miscellaneous
do
151
783
T
3r 282
545
r
52
r
184
r 232
T
559
53
167
207
50
251
247
892
860, 387
832, 029
60, 038
883, 010
840, 256
58, 644
153
89, 499
86 371
80, 198
152
78, 348
81 080
67, 635
151
95 227
86 566
71 404
3 417
? 713
726
69
210
220
46
103
284
573
55
173
185
34
74
225
2 751
'563
3 517
55
173
182
26
80
238
662
67
226
239
35
110
312
2 969
536
52
179
196
29
202
245
3 115
551
53
184
202
26
331
242
3 862
646
62
236
293
30
432
290
------
2 397
396
17
178
245
27
85
218
2 916
546
34
198
225
37
234
241
3 938
700
59
228
262
60
418
304
3 284
584
49
181
227
59
349
249
58
320
260
1 630
1 520
1 760
1 394
1 433
1 866
1 529
1 526
1 873
1 230
1 402
1 908
1 584
139
115
166
149
162
103
283
41
154
135
121
173
141
149
91
212
40
149
124
124
181
140
127
66
73
37
137
124
123
181
145
135
62
67
37
137
121
115
171
141
129
47
71
38
136
123
109
168
146
135
50
78
39
140
128
111
164
145
138
52
180
39
144
132
114
168
151
143
47
298
38
145
131
107
155
155
170
44
304
37
143
110
87
55
151
179
51
78
36
121
126
113
118
159
155
67
224
38
135
138
120
156
151
154
91
313
40
150
138
120
155
146
159
103
304
39
149
T
r
r
3 054
900 """""
865, 023
851, 862
58, 566
Total, seasonally adjusted
do
127
129
131
134
137
132
133
130
131
126
107
123
127
128
Coal___
_
do
115
121
124
123
115
114
109
115
111
87
107
113
120
120
Coke
do
169
169
173
172
172
167
170
161
167
158
57
123
157
158
Forest products
_
__
do
143
141
144
161
158
145
147
146
145
149
151
152
140
138
Grain and gram products _ _ _ _ _
do _
138
162
152
136
135
163
131
146
149
167
157
143
159
138
Livestock
_ _
do
60
67
72
68
65
52
63
59
59
58
58
71
69
67
Ore
do
213
202
202
235
268
285
268
208
208
196
49
149
217
208
Merchandise, 1. c. 1
_ _ _
do
39
40
40
39
39
38
39
39
38
38
36
38
38
38
Miscellaneous
do
139
141
1 ^7
143
149
145
145
148
143
146
138
120
139
Freight-car surplus and shortage, daily average:©
5,045
3 505
Car surplus, total 9
number
3 574
5 558
5 757
5 121
6 910
3 854
4 477
7 663
24 806
13 640
4 715
3 7fiq
AAp.
2 577
Boxcars
do
97
453
136
247
598
1 451
979
2 172
777
366
3 767
3 91 S
1 40
Gondolas and open hoppers
do
297
894
359
761
870
444
27
448
165
40
17 683
7 519
Car shortage, total 9 —
do
12, 922
20 942
15 916
2 945
3 355
4 802
6 999
5 674
6 686
12 371
4 014
6 882
15 883
2 355
7 299
2 955
Boxcars
do
2 542
11 615
8 952
1 484
1 503
3 844
3 797
3 557
Gondolas and open hoppers
do
5 332
8 692
6 672
7 find
2 005
1 246
870
740
2 929
1 430
3 490
' 735
3 561
9 174
Financial operations:©
Operating revenues, total 9
__ mil. of dol
'r 876. 7 907.6
873.9
858.2
831.6
889 0
814.2
877 9
925 4
900 5
807 6
874 9
907 3
Freight
_ _
do
746. 0
744.1
777.5
706 4
703 9
695 1
759 7
749 2
795 0
759 8
670 7
745 2
764 7
r
Passenger
__
_ _
do
55.9
59. 5
57.8
69 9
65 1
57 3
59 7
57 8
60 1
69 1
72 2
59 3
70 9
T
Operating expenses
_
do
651. 4
671 3
656 8
695 2
661 4
641 1
678 4
701 6
671 0
686 4
654 4
657 9
679 7
Tax accruals, joint facility and equipment rents
mil. of doL . r' 121. 5 125.4
114.1
85.3
107.3
106.1
121.6
121.3
112.7
119.1
91.8
124.0
119.5
Net railway operating income
do
103. 7
110.9
103.1
77.8
62.9
67.0
89.0
94.2
102.5
95.0
61.4
97.4
103.6
73 7
N e t income
_
_ _ _ _ _
do
79.6
79.9
90.0
95 0
46 4
47 1
70 1
85 8
77 2
43 3
86 7
Operating results:©
Freight carried 1 mile
_
mil. of ton-miles
57, 222
60, 694
55, 229
53, 722
54, 350
53, 044
56 802
58 648
55 414
56 373
48 304
57 350
Revenue per ton-mile
cents__
1.351
1.332
1.385
1.366
1.339
1.354
1.385
1.404
1.439
1.400
1.392
l! 380
Passengers carried 1 mile, revenue
millions
2,315
2,152
2,162
2,646
2,449
2,101
2,200
2 215
2 121
2 792
2 584
2 745
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports _ _
thous. of net tons
11, 846
11, 978
11,319
10, 729
9,961
9,584
10, 815
11,453
13, 388
13, 347
13, 288
Foreign vessels.
_
do_ _
8,807
8,828
8,321
8,122
7,823
7,458
7,989
8,403
9,767
9,922
9,644
United States vessels
do _
3,039
2,998
3,150
2,607
2,139
2,126
2,826
3,621
3,050
3,425
3,644
Panama Canal:
3 744
Total _
_ _
thous. of long tons
3,883
3,279
4 045
3,810
3 707
3 508
3 819
3 874
3 814
3 871
3 576
3 559
In United States vessels
do
1,517
1,045
1,268
1,051
968
894
1,026
L089
1,137
L027
1,022
1,048
891
r
Revised.
§Beginning January 1955, data include local service operations of one carrier.
O Revisions for January-December 1954 are available upon request.
IData beginning 1st quarter 1955 cover large motor carriers having annual operating revenues of $1,000,000 or above.
©Beginning January 1956, data cover the revised I. C. C. list of class I line-haul railroads; i. e., carriers having annual operating revenues of $3,000,000 or more (old basis, $1,000,000 or more)
Restated (year-ago) figures, as shown for 1955, are adjusted to the revised basis as follows: Carloadings (thousands) through October 1955; financial operations for September 1955
for September and December 1955 and March, June, and September 1956 are for 5 weeks; other months, 4 weeks. 9 Includes data not shown separately.
SUEVEY OF CUKKENT BUSINESS
S-24
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 19ii
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
Octob
August- September
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
_ _ percent of total
Restaurant sales index
same month 1929=100
Foreign travel:
U. S. citizens: Arrivals ._
numberDepartures
do
Aliens: Arrivals
_
do
Departures
do
Passports issued and renewed
_ _do
National parks, visitors ._ thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of dol
7.78
74
258
8.17
78
265
8.07
71
260
7.10
58
236
7.53
71
257
7.47
75
257
7.30
72
239
8.03
76
282
7.33
74
294
7.99
74
286
7 48
64
240
8.37
71
273
8 17
74
268
134, 963
87, 534
80, 738
51, 205
31. 086
2,070
104, 192
75, 861
66, 381
45, 025
26. 746
1,170
84, 890
68, 484
56, 839
38, 984
25, 996
432
83, 769
77, 843
58, 763
49,371
28, 310
310
84, 006
88, 208
56, 135
34, 274
36, 660
345
87, 568
96, 072
50, 935
35, 978
44, 658
356
100, 607
113,450
66, 198
41, 439
61, 160
451
95, 512
115, 267
70, 050
43, 420
70, 533
695
97, 163
116, 504
71, 572
45 758
79, 022
1, 141
116, 598
169.866
74, 695
53, 235
61, 637
3; 008
144, 294
157,539
82, 192
52, 603
54, 512
4, 755
41,001
4,660
31, 930
2,214
533
6, 971
555
7, 252
561
7,311
599
7,827
701
9,181
606
7,938
587
7, 693
553
7,239
491
6.919
583
8, 243
551
7,807
561
7,842
467, 757
267. 576
160 757
309, 829
64, 401
47, 952
475, 879
273, 400
162, 431
312, 558
68, 096
48, 232
477, 855
275,117
162. 51 6
317, 949
66, 582
48, 550
494, 741
281,632
171 100
339. 907
67, 361
48, 928
487, 210
281,381
164 415
322, 446
66. 367
49, 216
481,642
279, 770
160 248
317, 403
65, 936
49, 488
500 384
284, 427
174 199
335, 426
65, 934
49, 790
497, 170
285, 273
169 239
327. 381
68. 677
50, 056
508 204
287, 980
177 309
341, 681
67, 478
50, 346
506 108
288. 724
173 635
334, 396
70. 217
50, 568
504, 721
286, 352
174 157
339, 207
67, 683
50, 819
519, 153
289, 298
184 899
345, 077
71, 485
51, 097
19, 451
16, 926
1, 758
19, 074
16, 470
1. 872
18, 665
16, 365
1,592
20, 376
17, 209
2,770
18, 720
16,658
1, 1 55
18, 395
15, 985
1, 522
20, 058
16, 920
2,220
18, 842
16, 345
1, 602
20, 288
17, 284
2, 086
20, 020
17, 766
1.334
19, 013
18,019
90
20, 544
18, 542
1,114
2, 963
2 169
516
2,831
1 983
578
2,724
2 030
448
3, 040
1 966
798
2,903
2 145
482
2,692
2 066
369
2,832
2 105
458
2,725
2 134
334
2,816
9 292
255
2,854
2 102
487
2,839
2 140
434
2, 826
2 143
440
2,997
2,300
585
2,985
2,311
572
2,973
2,428
473
3, 250
2, 557
639
3, 083
2,453
512
2, 961
2, 390
465
3, 174
2,442
620
3,123
2,459
549
3,269
2, 509
637
3. 237
2, 430
688
3,177
2,440
628
3, 307
2,484
705
242, 584
76, 718
94, 183
r
298.
799
T
68, 513
8
2
31,5
COMMUNICATIONS
Telephone carriers:
Operating revenues $
Station revenues
Tolls message
Operating expenses, before taxes
Net operating income
Phones in service, end of month ....
thous. of dol
do
do
do .
__do
thousands .
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues.-thous. of doL
Operating expenses, incl. depreciation
do
Net operating revenues
- - do
Ocean-cable:
Operating revenues
__ _
_ do
Operating expenses incl depreciation
do
Net operating revenues
do _
Radiotelegraph:
Operating revenues
- -do
Operating expenses incl depreciation
do
Net operating revenues
__do._
i
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short
Calcium cQ.rbide (commercial) _ _ _
Carbon dioxide liquid, gas, and solid
Chlorine fas
_Hydrochloric acid (100% HC1)
tons__ 231, 954
71,374
do
77, 167
do
do_ _ 293, 929
69, 399
do
265, 868
76, 033
63, 138
316, 614
79, 237
268, 859
80, 686
52, 806
308, 113
76, 418
272, 748
85, 611
49, 467
316, 948
78, 154
279, 055
83, 335
49, 087
318,438
81,021
286, 743
91, 550
46, 714
303. 052
74, 897
316, 734
87, 155
54, 249
326, 480
81, 245
306, 172
83, 128
58, 382
322, 428
78, 467
310,422
82, 776
74, 169
326, 726
77, 365
262, 093
83, 824
92, 425
308, 928
74, 168
248,384
74, 490
95, 002
255, 541
r
57, 777
173,097
2,384
318, 254
190, 556
2,582
320, 269
199, 341
2,644
298, 313
212, 921
2,734
304, 081
216, 361
2,732
329, 101
211, 530
2, 642
313, 691
233, 094
2,903
331, 581
210, 216
2 727
312, 054
194, 151
2,817
322, 354
177, 228
2,620
299, 338
173, 527 188 875
1,524
2,416
235, 900 ••263,647
183, 498
2,643
289, 570
413,071
9,982
334, 488
442,612
10, 801
357, 013
434, 159
10, 287
345, 872
432, 319
10,398
356, 573
428, 654
11,383
357, 956
416,418
10,347
341, 351
436, 137
10,910
369, 483
431, 962
9,939
361, 981
443, 569
9,954
369, 173
405, 607
9,444
347, 304
402, 926
7, 779
283, 019
403, 414
10, 263
354, 684
55, 154
56, 279
58, 811
53, 826
55, 209
57, 706
52, 261
54, 728
55, 292
46, 827
45, 569
51, 929
47, 597
67, 906
74, 570
74, 934
70, 329
76, 575
68, 390
70, 333
71, 445
72, 678
63, 421
61, 926
66, 657
66, 942
1,259
1,355
1,418
1,469
1,437
1,350
1,441
1,363
1,382
1,270
1,130
1,182
1,272
22.35
22.35
22.35
22. 35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
P 22. 35
47, 421
66 299
716
47, 014
70, 722
1,705
47, 263
73 491
1,385
47, 771
80 027
1,606
49, 619
77, 404
1,225
42, 662
73, 385
1,931
41, 851
79, 150
1,728
45, 006
71,802
1,412
44,221
77, 102
1, 453
46, 410
74, 232
1,731
44, 480
73 797
1,271
47, 922
72, 202
1,046
44, 357
74 808
1,003
40 923
39,417
25 994
13 424
37, 831
929
40, 903
40, 273
28 062
12, 211
36, 894
908
41,911
44, 710
34 912
9,798
37, 787
946
41, 172
40, 479
30 726
9, 753
49, 178
888
40, 447
41, 989
33 245
8,744
38, 770
783
39, 122
36, 999
28 070
8,928
42, 042
867
40, 838
35, 728
28 682
7,045
49, 506
1,061
38, 248
33, 178
26, 475
6,703
39, 506
965
45, 901
35, 364
25 638
9,726
45, 529
858
43, 755
38, 165
25, 853
12, 311
41,375
1,033
40, 044
40, 613
28 898
11, 715
38, 960
574
38,201
43, 576
30 807
12, 770
36, 692
917
32, 942
40, 078
30 486
9,591
40, 054
900
20, 425
18 893
9, 825
19, 914
22 607
7,079
20, 383
21 273
6,065
26, 421
25 491
7,701
20,378
21, 748
6,487
22, 666
22, 464
6,699
26, 629
23, 687
9,551
21, 280
21, 501
9,371
24, 464
24, 854
8,880
22, 346
24, 388
6,855
20, 932
19, 050
8,678
19,770
20,930
7,356
21, 487
19,115
9,964
9,807
10, 190
7 765
84, 885
97 092
10, 340
10, 273
7 809
84, 693
107 005
10,723
10, 310
6 124
75, 535
111 181
9,710
10, 991
7 636
82, 575
107 479
9,539
11,592
9, 360
90, 684
111 691
8,787
10, 742
7,702
81,911
110 519
i 10, 166
11,083
6,791
81, 632
121 906
i 9, 162
10, 967
6, 820
80, 315
112, 692
10, 165
13, 712
7,204
80, 050
116 444
'11,400
12, 100
5,398
85, 686
112, 656
5, 370
11, 927
6,736
72, 263
86 139
9,160
12, 138
8,111
84, 495
108, 512
11,912
6,111
89, 261
114,430
20, 436
17 193
29, 200
23, 093
17 647
30, 241
21,819
17 054
30, 546
22, 943
15 719
34, 280
24, 836
16 297
37, 188
23,114
15 686
40, 497
22, 641
16 608
45, 146
22, 197
16, 940
45, 184
21,234
16, 874
47, 087
20, 415
16, 254
48, 468
13,914
14, 142
46, 357
20,767
15, 785
48, 127
19, 705
15, 523
48, 862
190
17, 590
30. 414
197
17, 698
31. 174
186
17, 206
29. 980
196
19, 675
29. 749
206
19, 020
30, 522
178
17, 070
28, 714
189
20, 703
29, 625
204
19, 078
28, 271
199
17,814
24, 507
194
19, 386
22,919
200
19, 054
24,965
196
19, 720
24, 143
198
17, 468
22, 690
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil of cu. ft
Phosphoric acid (50% HsPO^
_ .
- short tons
Sodium carbonate (soda ash), synthetic (58% Na2O)
short tonsSodium bichromate and chromato
do
Sodium hydroxide (100% NaOH)
_-do
Sodium silicate, soluble silicate glass (anhydrous)
short tons
Sodium sulfate (Glauber's salt and crude salt cake.)
short tons
Sulfuric acid:
Production (100% H2S 04)
thous of short tons
Price, wholesale, 66°, tanks, at works
dol per short ton
Organic chemicals:^
Acetic acid (synthetic and natural), production
thous of Ib
Acetic anhydride production
do
Acetylsalicylic acid (aspirin), production
do
Alcohol, ethyl:
Production
thous of proof gal
Stocks end of month, total
do
In industrial alcohol bonded warehouses do
In denaturing plants
do
Used for denaturation
do
Withdrawn tax-paid
do
Alcohol, denatured:
Production
thous of wine gal
Consumption (withdrawals)
do
Stocks end of month
do
Creosote oil production
thous of gal
DDT production
thous. of Ib
Ethyl acetate (85%) production
do
Ethylene glycol production
do
Formaldehyde (37% HCHO) production
do
Glycerin, refined, all grades:
Production
_ do
Consumption
do
Stocks end of month
do
Methanol, production:
Natural
thous of gal
Synthetic
do
Phthalic anhvdride. Droduction.
thous. of lb._
' Revised.
v Preliminary. * Incomplete; comparable amount for February 1956 is 8,047,000 gallons, and for June 1956, 9,983,000 gallons.
9 Includes data not shown separately.
c^Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
1
r
409, 008
10, 344
327, 407
r
257, 014 _ _ . _ _ _ . .
81, 693
76, 804
320, 882
77, 331
SURVEY OF CUKEENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-25
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
292
498,831
76, 340
379, 739
32, 336
440
479, 083
82, 376
369,312
13, 771
428
357, 494
86, 295
240, 749
18, 490
380
355, 131
107, 810
228, 560
11, 379
404
296, 391
76, 338
196, 184
12, 542
703
403, 162
76, 991
288, 648
30, 016
1,692
1,166
1,528
656
237
482, Oil '416, 569 -•545,313 ••457,126 >• 613, 473
118,932 '79, 213 ••128,552 '91,469
69, 233
318, 514 274 267 372 716 336 710 «-509 481
32, 799
45, 726
34, 375
29, 828
16 400
Imports, total 9
do_ _
Nitrogenous materials, total
do
Nitrate of soda
__ __do_ _
Phosphate materials _ _ do
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
dol. per short ton
177, 855
121, 775
57, 674
9,784
17, 946
149, 481
85 902
28, 273
8,654
33 838
179, 487
121 309
34 652
10, 157
34 581
198, 728
126 789
53 060
19, 962
40 156
268,
200
51
10
38
693
595
124
200
378
246, 446
173 386
25 109
7,920
32 974
293, 081
187 857
63 410
11, 474
51 501
266, 838
195 624
80 688
8 538
19 991
51.25
51. 25
51 25
51 25
51 25
51 25
51 25
51 25
Potash deliveries
short tons
Superphosphate (100% available phosphoric acid):
Production
short tons
Stocks, end of month
do
137 897
145 617
161 564
153 431
198 820
223 621
210 257
257 348
182, 209
301, 413
214 998
318 612
216 397
333 858
230 776 1253 904
376 099 1418 373
243 934
432 524
246 634
371 161
241 236
292 981
466
69 589
521
69 983
411
67 244
418
63 900
522
66 692
461
63 987
526
71 445
451
77 634
499
3,000
545
3,004
537
3 095
574
3 181
531
3 216
476
3 194
486
3 205
16, 956
15,018
12, 277
16, 326
15, 143
11 399
20 261
14 532
13 492
16 158
11 312
15 423
17 913
12 499
14 519
21 294
15 024
14 398
206, 370
138, 630
252, 569
221 236
137, 471
240, 419
249 132
134 692
267, 871
237 018
137 387
289 745
240 277
127 518
303 179
26, 161
11, 233
94, 337
15, 432
12, 375
98 049
12 200
12 977
104 893
5 235
13 796
104 728
mil. oflb
do
493
482
671
573
665
597
do
do._
504
409
563
426
thous. of Ib
do
__-do
do
68, 771
35, 243
3,933
31,310
short tons
do
do
thous. of lb_.
do
Consumption (10 States)©
Exports total 9
Nitrogenous materials..
Phosphate materials
Potash materials
thous. of short tons
- short tons
__do
do
do
r
187
470, 576
71, 239
339, 885
47, 438
129, 891
67, 116
0
14, 522
24, 081
181, 943
110 427
48 581
12 436
7 344
132 153
84 171
53 620
15 564
3 893
51 25
51 25
51 25
51 25
*>51 25
144 256
60 904
92 399
124 323
139 283
222 820
320 768
169 418
388 630
136 584
405 765
143 146
407, 485
170 557
393 830
238
84 290
572
82 831
389
70 574
448
82 333
415
78 839
504
3 240
543
3 277
565
3 330
621
3,494
598
3,637
18 957
14 386
12 316
19 619
15 972
11 584
22 294
18 361
13 417
18 738
13 919
14 497
17 090
14, 422
16 377
17, 836
20, 197
11 679
14 712
16, 557
7 895
241 645
132 720
318 893
240 360
138 274
331 771
224 044
134 718
309 836
242 578
139 055
308* 466
222 085
129 162
322 302
207 829
104, 126
329, 256
223 301
140, 555
311, 126
198 140
131, 086
297, 957
1 570
10 911
85 414
497
13 562
69 536
686
13 048
54 579
2 480
10 280
50 679
18 143
10 706
73 762
34 638
10 509
75 052
39 214
9,053
85 977
616
591
639
590
607
614
584
624
529
543
496
552
416
452
364
376
395
456
497
448
654
468
678
523
692
567
645
566
621
550
609
595
571
583
527
515
519
426
471
348
503
313
63 517
24, 732
1,145
23, 587
76 916
43 677
3,375
40 302
133 907
40 859
2,836
38 023
374
034
102
932
109 214
29 824
3,386
26 438
169 923
45 478
4,875
40 603
98 657
32 089
1 476
30 612
194
101
622
479
119 263
44, 895
5,728
39 167
103, 369
45, 248
2,937
42, 312
27, 420
24, 085
42, 014
31, 940
19, 431
27 335
26 873
17, 267
23 401
25 407
20 137
22 268
31 035
23 721
37 014
21 590
16 460
22 990
24 593
23 023
31 942
26 708
21 444
18 629
25 164
23 457
29 195
30 614
20 016
26 309
29 643
10 830
22 350
25 879
13, 350
27 474
25, 171
16, 690
34, 747
34, 988
40, 689
32, 465
34, 378
31 688
32, 532
25 719
39 330
28 902
27 263
30 376
31 511
33 254
33 716
32 478
32 347
36 081
39 306
36 377
38 138
27 650
33, 590
32 345
32, 586
31, 906
52, 944
32, 556
49, 213
32, 720
49 273
32, 535
42 972
27 072
47 851
27 613
48 172
30 756
52 514
31 756
52 427
32 251
58 181
34 949
55 970
35 335
44 211
25 816
52 165
33, 397
50, 553
29, 379
82, 533
14, 067
11, 749
78, 825
12 581
9 244
75, 871
14 407
19 139
75 913
13 164
10 367
82 707
15 108
20 085
71 642
12 468
8 259
66 659
16 433
20 617
61 595
14 616
10 901
53 157
14 388
12 688
59 566
13 745
17 430
61 160
13 456
13 587
51 861
13 068
27 033
61, 767
13 620
1,066
494
917
1 689
708
1,898
1 406
781
2 523
570
672
2 421
169
692
1 898
72
618
1 353
38
497
895
16
387
523
19
258
285
20
151
154
142
119
177
365
182
361
1 274
526
1 108
233, 349
150, 240
328, 503
170, 721
370, 633
173 742
317, 153
163 049
320 731
191 461
287 668
220 215
229 954
250 690
179 398
258 381
123 115
245 736
74 363
214 803
62 286
164 187
85 222
120 288
249, 069
140 916
159,431
87, 689
236, 807
155 640
262, 589
204 267
226, 931
192 182
231 041
192 547
211 401
180 058
170 524
155 007
136 275
123 785
91 144
74 437
54 412
38 162
r 43 472
40 375
58 108
52 108
165 478
96 275
96, 846
101, 707
20, 868
140 847
125, 255
24, 473
189 943
130, 453
31,115
185 720
117 038
26, 834
174 915
123 015
31, 208
182 780
147 672
30 949
180 538
148 382
32, 223
148 190
116 480
19 034
112 797
125 619
21 706
73 667
105 688
17 125
34 607
84 298
13 986
47 268
104 902
17 671
69 432
96 977
19, 353
273
.188
283
.191
324
.188
378
.188
417
.192
417
.204
397
.223
416
.224
70, 690
42 309
6 212
7,369
6 099
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder thous. of Ib
High explosives
do
Sulfur (native):
Production
thous. of long tons
Stocks (producers') end of month
__ _
do
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats and greases :cf
Tallow, edible:
Production
thous. of Ib
Consumption, factory^
__do
Stock (incl refined grades) end of month
do
Tallow and grease (except wool), inedible:
Production
do
Consumption, factory!
- do Stocks (excl. refined grades), end of month. _do
Fish and marine mammal oils: A
Production t
Consumption, factory
Stocks end of month
do
do
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production crude J
Consumption crude, factory!
Stocks, end of month :J
Crude}:
Refined§
Exports
Imports, total
Paint oils
All other vegetable oils
_ -
Copra:
Consumption factory
Stocks, end of month
Imports
Coconut or copra oil:
Production:
Crude
Refined
Consumption, factory:
Crudet
Refined
Stocks, end of month:
Crude
Refined
Imports
do
-do
do _
do
do
Cottonseed: t
Receipts at mills
thous. of short tons
Consumption (crush)
_ _
do
Stocks at mills, end of month
do
Cottonseed cake and meal:t
Production
short tons
Stocks at mills, end of month
do
Cottonseed oil, crude :J
Production
thous. oflb
Stocks end of month
do
Cottonseed oil, refined:
Production
do
Consumption, factory
do
In margarine
__do
Stocks end of month§f
mil oflb
Price, wholesale, drums (N. Y . ) _ _ _ _ _ dol. per Ib
131
52
3
48
106
31
2
28
478
327
738
588
150
35
3
31
r
37, 688 19 230
' 11, 457 9,773
86 981 111, 125
r
180
158
384
244
328
.225
.190
P190
.190
.210
Revised.
» Preliminary.
Beginning 1956, "other phosphatic fertilizers" are included. Such data for January 1956 are as follows: Production, 17,340 tons; stocks, 20,843 tons.
® States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1955—January-March, 287; April-June, 349; July-September, 71; October-December, 92; 1956—January-March, 270; April-June, 325.
9 Includes data not shown separately.
of For data on lard, see p. S-29. Figures prior to 1955 for tallow (not shown in the 1955 BUSINESS STATISTICS) will appear later.
^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.
ABeginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities
of these oils held by producing firms.
JRcvisions for January-July 1954 (August 1953-July 1954 for cottonseed and products) will be shown later.
§Includes stocks owned by the Commodity Credit Corporation.
r
1
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1056
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
July
June
August
Septem • October
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS. OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Flaxseed :
Production (crop estimate)
thous. of bu
Oil mills :t
Consumption ..
do
Stocks, end of month..
. ...
.do _ _ .
Price, wholesale, No. 1 (Minneapolis) _dol. per b u _ _
Linseed oil, raw:
Production^
thous. of Ib
Consumption factory!
do
Stocks at factory, end of month t
do
Price wholesale (Minneapolis)
dol per Ib
Soybeans:
Production (crop estimate)
thous of bu
Consumption factory
do
Stocks, end of month
do
Soybean oil:
Production:
Crude
thous of Ib
Refined
do
Consumption factory refined J
do
Stocks, end of month:
Crude.. _ _
_ _
..
do
Refined J
do
Price wholesale refined (N "V )
dol per Ib
Margarine:
Production
thous of Ib
Stocks (factory and warehouse), end of mo <?. do
Price, wholesale, colored, delivered (eastern U. S.)
dol per Ib
Shortening:
Production
thous. of Ib
Stocks, end of month cf
do....
i 41,258
...
2
...
3,064
4,797
3.08
4,275
7,166
3.10
3,132
7,542
3.17
3, 263
6, 695
3.21
3,268
5, 573
3.35
2,978
5,764
3.47
3,202
4,213
3.68
2,171
3,368
3.77
3.017
1, 584
3.83
1,920
1,212
3.38
946
762
3.34
933
1,051
3.28
2, 308
2,271
3.25
61,403
46, 724
68, 623
136
84, 708
56, 220
80, 294
.130
62, 493
41, 236
108, 296
.127
64, 470
43, 583
136.013
.128
64, 490
42, 102
135,331
.133
59, 172
43, 716
130, 393
.146
63, 428
45, 266
134, 959
.156
43, 243
37, 723
125,738
.159
59,614
43,515
136,682
.159
38, 448
40, 275
113,017
.142
19, 196
34, 815
95, 665
. 134
18, 575
43, 420
71,051
.130
46, 931
41. 844
75, 388
P .127
18,712
20,117
25, 388
74, 133
25, 394
88, 365
371, 106
23, 869
81,784
24, 445
73, 783
24, 528
70, 861
25, 365
67, 366
25, 259
57, 931
24, 600
48, 424
22, 230
36, 651
20, 378
26, 460
21,793
12, 360
19, 877
20, 525
206, 411
202, 904
210, 645
279, 908
240, 688
220, 896
277, 042
232, 664
215, 687
261, 550
232, 155
234, 323
270, 046
239, 846
238, 205
271, 253
249, 371
249, 526
281,442
251, 048
250, 241
280, 688
218,831
192, 705
273, 348
249, 054
229, 034
248, 636
205, 257
211, 447
228, 348
193, 610
196, 948
249, 027
223, 378
241, 688
221, 302
203, 733
221,794
109, 178
70 699
171
109, 695
77 514
174
135, 084
82 310
175
138, 232
79, 686
173
137, 246
81 682
182
128, 177
81,159
.196
132, 552
80,018
214
176,400
104, 987
215
172, 649
123, 747
224
179, 630
116, 853
.200
174, 970
112, 828
.175
154, 421 139, 671
86, 865
100, 148
. 175 p . 162
113 923
22, 206
124 428
25, 881
116 447
22, 835
115 218
23, 703
133 853
22, 611
135, 905
25, 924
127,166
26, 317
83, 514
26, 853
107 940
27, 134
85, 242
24, 698
81, 436
20, 276
!
106, 727
22, 356
3.27
2457,394
114,970
22, 236
273
273
.273
.273
.273
.273
.293
.293
.296
.273
.273
.273
P .273
158,370
140,726
180,783
136, 658
161,917
137,012
141,387
142, 961
150 136
125.447
183,015
120, 587
170, 845
120, 101
144,623
146. 485
165, 445
156,066
127, 868
168, 524
100, 700
154, 761
150, 554
141, 573
133, 396
129, 175
thous of dol
do
. _ do_.
136, 952
54 941
82,011
128, 546
57 357
71,189
122, 190
55, 684
66, 506
104, 144
48, 235
55, 909
129, 261
52, 522
76, 739
122, 361
50, 770
71, 591
131,518
56, 329
75, 189
136,228
57, 449
78, 779
146, 81 1 146. 149
54, 749
57, 932
88, 879
91,400
133, 828
50, 236
83,592
146. 788
56, 346
90, 442
128,411
48, 930
79, 481
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous of Ib
Mold ing and extrusion materials
do
Nitrocellulose sheet*5 rods and tubes
do
Other cellulose plastics
do
4,012
8,728
396
430
3, 880
8,374
415
385
3, 495
8,394
451
643
4,041
7, 705
428
433
3,508
6, 492
519
450
3,426
7,178
497
501
4, 296
8, 007
501
585
3, 606
7,376
513
429
3,481
7, 458
569
489
4, 055
7,254
487
407
2, 355
5,872
344
370
3,814
7, 395
443
554
2, 945
8, 579
324
277
do
do
do
do
do
42, 221
50, 304
24, 280
60, 968
36, 700
44, 619
48, 460
26, 498
62,159
35, 480
44, 665
48, 272
25, 197
62, 200
34, 464
43, 044
47, 434
24, 206
61,285
35, 689
43, 407
47, 002
26,411
66, 890
32, 409
42, 799
40, 401
26, 507
61,607
32, 392
43, 935
43, 272
25,161
66, 675
33, 482
42, 807
48, 812
23, 360
65, 487
31, 566
41, 746
50, 480
23, 455
63, 977
31, 968
40, 607
44, 023
25, 083
54, 796
29, 643
31, 207
41, 277
15, 901
49, 751
25, 730
37. 826
44, 288
21, 171
r
57, 121
30, 421
37, 670
49,314
21,817
60. 237
27, 693
Rosin modifications
do
11,083
10,617
do
do
12, 148
11
> 52,722
12, 628
Polyethylene resins
Miscellaneous
55, 953
57, 917
10, 544
6,212
45, 634
13, 170
8,729
5, 641
45, 998
11, 740
* 11, 398
6,634
49, 790
13, 140
9,411
5, 369
51,089
13, 298
PAINTS, VARNISH, AND LACQUER
Factory shipments total
Industrial sales
Trade sales.
...
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
12, 055
11,468
10, 823
f 5, 510
5, 986
5,366
40, 567
58, 247 < 42,721 ! 41,416
I 14,121
12, 898 ! 13, 829
11,819
11,493
5, 855
7,288
42, 205
47, 010 r
13,902 ' 14, 512
r
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total}:
mil. of kw.-hr__
Electric utilities total
do
By fuels
do
By waterpower
do
53, 170
46 326
38, 146
8, 180
54, 566
47, 405
38, 602
8,803
54, 854
47, 785
38, 545
9,239
57, 986
50,815
41. 470
9,345
58, 092
51, 120
41, 764
9,356
54, 630
47, 988
37, 362
10, 626
57, 404
50, 344
38, 565
11,779
54, 300
47, 489
35, 937
11, 552
56, 0*41
49, 086
37, 385
11,701
56, 254
49, 451
39, 402
10, 049
55, 229
49, 451
39, 539
9,913
58, 576
52, 194
42, 656
9,539
55, 649
48, 819
39, 859
8, 960
Privately and municipally owned utilities. _ _ d o
Other producers (publicly owned)
do
37, 587
8,739
38, 755
8,650
39, 099
8,685
41, 533
9, 282
41, 769
9,351
38, 671
9,316
40, 509
9,835
38, 363
9, 126
39, 738
9,348
40, 270
9,181
39, 701
9,750
42, 302
9,892
39, 503
9,316
6 844
6,636
208
7, 161
6, 929
233
7,070
6,831
239
7, 171
6,946
225
6,972
6,741
231
6,642
6,368
274
7,060
6, 757
303
6,812
6, 499
313
6, 955
6,632
323
6,804
6,518
286
5,778
5,520
258
6,382
6,158
224
6. 830
6,604
226
42, 167
41, 887
41, 751
43, 654
44, 752
43, 994
43, 738
43, 097
42, 758
43, 075
43, 010
44, 503
7,476
22,029
7,026
22, 570
6,738
22, 427
6,945
22, 703
7,054
22, 680
6,924
22, 441
6,862
22, 775
6,776
22, 649
6,785
23, 089
7,316
22, 941
7,801
21, 858
8,005
22, 853
354
9 812
1,213
356
873
54
356
9 672
954
396
862
51
391
10, 073
770
422
883
47
433
11 495
699
452
876
50
427
12, 529
683
455
877
48
398
12, 200
684
414
891
42
405
11, 562
778
400
906
51
380
11,038
955
362
888
49
359
10, 361
876
341
899
49
342
10, 198
975
322
929
52
328
10, 495
1,201
335
936
57
340
10, 679
1,278
358
932
57
Industrial establishments total
By fuels
By waterpower
do
do
do
Sales to ultimate customers, total (Edison Electric Institute) t
mil of kw -hr
Commercial and industrial:
Small light and power
do
Large light and power
do
Railways and railroads
Residential or domestic
Rural (distinct rural rates)
Street and highway lighting
Other public authorities
Interdepartmental
do
do
do
do
do
do
Revenue from sales to ultimate customers (Edison
Electric Institute) t
thous. of dol _ . 695, 983 684, 817 681, 749 712, 806 734, 354 725, 160 714, 161 703, 854 697, 745 710, 990 719, 799 735, 869
r
2
Revised.
v Preliminary.
* Revised estimate of 1955 crop.
November 1 estimate of 1956 crop.
^Revisions will be shown later for fats and oils (January-July 1954), electric-power production (January-July 1955), and electric-power sales and revenue (January-April 1955).
(^Beginning January 1955, data exclude quantities held by consuming factories.
51,948
I
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
S-27
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
ELECTRIC POWER AND GAS— Continued
GAS
[Manufactured and mixed gas (quarterly ):d*
Customer?, end of quarter, total
thousands- - r 5,272
Residential (incl. hoiise-heating)
- do .
4, 885
Indus! rial and commercial
do
385
Sales to consumers, total
mil. of therms.. .
555
Residential (incl. house-heating)
. . do
274
Industrial and commercial
do
273
76, 693
Revenue from sales to consumers, total thous. of dol
Residential (incl. house-heating)
do
51,148
Industrial and commercial
. . do~ - . 25.053
Natural gas (quarterly):^
Customers end of quarter total
thousands I 22 812
Residential (incl. house-heating)
- do
21,094
Industrial and commercial
do. . . . ] 1 . 693
Bales to consumers, total
mil. of therms.
12, 304 j
Residential (incl. house-heating)
. . . . . . . . . do.- J
1,758 L... . ...
Industrial and commercial
do - .
9, 756
Revenue from sales to consumers, total thous. of dol._ ! 482, 065 !
Residential (incl house-heating)
do
1 193, 823 |
Industrial and commercial
- - do - - 269.035
... . i _ . .
4,894
4,569
323
949
622
320
120, 754
89, 633
30, 605
5.023
4,670
350
1,348
997
342
170 126
130 997
38 427
5,122
4 758
362
891
580
302
118, 375
86, 634
31,126
23, 824
21 , 933
1, 866
16, 679
5, 562
10, 321
816, 082
463, 254
331,773
24 296
22, 398
24 223
22 290
1,907 |
21,578
9, 774 .
11 188
1,176,052
761, 627
396, 569
1.872
16,203
4.945
10 762
784', 917
432 203
338,900
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7, 252
Production!
- .- .. thous. of bbl.
7, 405
Taxable withdrawals
do
10, 380
Stocks, end of month J _
_ . . . . do
Distilled spirits:
19,388
Production! - _ _
_
thous. of tax gal
Consumption, apparent, for beverage purposes
thous. of wine gal
16,906
13,613
Tax-paid withdrawals!
thous. of tax gal
Stocks, end of month!
.
do
834, 529
2, 253
Imports
thous. of proof gal
Whisky:
Production!
thous of tax gal
11,189
7, 226
Tax-paid withdrawals!
. - do
717,568
Stocks end of month!
do
2. 031
Imports
- - . thous. of proof gal
Rectified spirits and wines, production, total 9 !
7, 382
thous. of proof gal
6, 383
Whiskv!
.do.-.
Wines and distilling materials:
E fTe r v e seen t w in e s :
102
Production!
thous. of wine gal
132
Taxable withdrawals!
.._
do .
1,570
Stocks, end of month!
do. .
54
Imports
. - ----do
Still wines:
19,571
Production!
do
11,120
Taxable withdrawals^!
do
Stocks, end of month §! . .. .... .
...do.... 120,826
452
Imports. do. - .
52,431
Disl illing materials produced at wineries!
do .
DAIRY PRODUCTS
Butter, creamery:
Production (factory) !
thous. of l b _ _ 91, 585
295, 043
Stocks, cold storage, end of month
do
. 590
Price, wholesale, 92-score (New York). _ _ do!, per l h _ _
Cheese:
Production (factory), total !
....thous. of Ib.
99, 595
70, 795
American, whole milk !
do
592, 241
Stocks, cold stoiage, end of month, total
do
559, 448
American, whole milk
do
3,174
Imports
do_Price, wholesale, American, single daisies (Chi.389
cago)
dol. per Ib
Condensed and evaporated milk:
Production, case goods: 1
2,540
Condensed (sweetened)
thous. of Ib
184, 500
E va porated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
5, 482
Condensed (sweetened)
thous. of lb__
427, 570
Evaporated (unsweetened)
do
Exports:
436
Condensed (sweetened)
do
Evaporated (unsweetened)
...
do __ 12, 346
Price, wholesale, U. S. average:
5. 57
E vaporated (unsweetened)
dol. per case. .
Fluid milk9, 434
Production !
.
mil. of Ib
3,322
Utilization in mfd. dairy products
do
4.17
Price, wholesale, U. S. average*
dol. Der 100 lb_.
Dry m ilk:
Production: !
8, 900
Dry whole milk
thous. of lb__
89, 100
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
10, 998
Dry whole milk
do
101, 502
Nonfat dry milk solids (human food)
do
Exports:
2,871
Drv whole milk
___
do __
17, 859
Nonfat dry milk solids (human food")
do
Price, wholesale, nonfat dry milk solids (human
.155
food ) , U . S . average
. . dol. per lb_ _
6,432
6,248
10, 166
5,775
6,129
9,427
6,169
6,296
8,896
34,917
31, 189
18, 507
17,083
832, 581
2,525
20. 856
16, 731
833, 201
3, 620
12,863
9,216
717,991
2,310
6,406
5, 625
9,291
6,629
5, 803
9, 734
7, 855
6,790
10, 290
7,927
6,751
11, 097
8,733
8,182
11,128
23, 033
17,458
16, 888
19, 181
17, 652
18, 617
15, 862
23, 847
10, 486
840, 638
2, 504
13, 371
9, 279
846, 286
1,521
14,616
11,523
847, 965
1,762
11,400
13,528
850,415
1,868
16, 257
13, 736
851, 268
1,840
17, 628
13, 252
854, 709
2, 022
16, 403
13,020
854, 755
2, 08(3
13,538
8,978
719, 656
3,282
12.716
5, 671
724, 706
2,253
10, 682
4,899
728,418
1,346
10,614
6, 130
729, 962
1, 562
12,268
7, 051
731, 805
1, 685
11,426
6,910
733. 530
1, 646
11,592
6, 280
736, 196
1, 840
10, 082
6,277
737, 709
1, 915
5, 799
4 554
737, 445
1, 619
7.191
7,847 ;
736. 573
1, 721
734,041 |
10, 156
9,013
9,930
8,761
5, 800
4, 906
4, 799
3,918
6, 223
5, 476
6, 921
6,015
7,219
6, 230
6,848
5,722
6, 677
5, 515
5, 331
4,442
6, 052
4 g85
106
191
1, 458
79
160
247
1,346
132
200
279
1,257
116
139
131
1,246
46
286
96
1,419
34
184
136
1 , 453
38
273
123
1, 590
52
238
147
1, 662
62
237
155
1,720
46
125
93
1, 738
35
220
137
1, 801
44
72, 474
13,347
184,011
618
145,546
43, 340
13,369
214, 698
889
93, 598
10, 105
12,867
207, 560
756
27, 478
3, 196
10, 894
197, 964
563
6, 602
1,994
11,286
186, 738
524
2, 185
1,856
12.816
175. 668
544
741
1, 656
11,051
165, 224
561
617
1,420
11,039
154, 632
629
782
1,375
10, 326
143, 082
483
555
1, 237
9, 283
134, 294
456
1, 163
2, 531
10, 290
125, 296
412
8, 067
91, 040
94. 070
256, 626 202, 204
,584
. 580
104. 555
163, 136
.588
113,260
131,664
. 580
111.600
97, 907
.581
127, 430
87, 840
. 580
133, 475
78, 882
. 587
148, 670 147, 885
82, 685 113,318
. 594
. 594
129, 080
133, 918
.594
110,070
118,217
. 601
91, 200
63, 070
566, 481
536, 355
5, 508
84, 970
56, 100
531, 094
505, 435
6,890
93, 190
61,380
518, 885
492,124
5, 795
97, 030
65, 250
496. 746
469, 336
3, 294
97, 485
66, 345
464, 397
438, 209
3,488
116,685
81, 735
460, 421
433, 358
5, 114
128, 640
94, 840
456, 279
426, 887
4,603
154, 455
117, 325
484, 154
451, 571
4, 298
159, 030
123, 450
524, 505
486, 883
3, 762
134, 440
102,600
551, 334
512, 474
3, 168
117, 215 102. 795
74 735
87 955
554. 518 r 533, 107
513, 625 * 493, 648
3, 862
.378
.379
.378
.375
.369
.369
.372
.382
.384
.381
.382
.384
3, 925
164, 500
3,875
142, 200
4, 025
152. 800
3, 150
164, 200
4, 285
171, 500
3,410
209, 900
4, 660
239, 800
5, 150
302, 000
6,150
305, 200
6, 300
268, 850
6, 630
232, 630
5, 520
189 100
7, 397
384, 261
7,556
274, 432
4, 752
213, 202
6,222
157, 214
8,230
110, 578
8,133
111,613
7,038
124, 880
6,873
169, 225
7,550
311,983
7, 937
401, 894
8,192
434, 536
8,761
425, 545
1, 433
10, 407
1, 512
17, 445
2, 009
] 2, 243
834
16,273
714
16,816
2,774
11,183
3,293
12, 346
2,410
9, 645
4,201
12, 838
3,540
14, 251
6,402
12, 772
9,394
8,673
11, 264
8,734
9, 01 5
10, 677
6, 497
6, 424
10, 344
8, 531
12, 178
20, 386
14, 893
10, 565
851. 634
1,748
16, 784
11, 269
849, 082
1 997
14. 269
844, 208
9, 590
8,777
11,515
5 47()
7 4fiQ ;
i
92, 615
90, 252
.613
5. 57
5.64
5.71
5.71
5.69
5.68
5.68
5.75
5.88
5.92
5. 93
5. 93
9,222
3,244
4.36
8, 668
3, 075
4.43
9, 158
3, 453
4.36
9, 604
3, 679
4.24
9,582
3,680
4.14
11,024
4,282
3.98
11,512
4, 592
3.84
12, 974
5, 309
3.86
12, 656
5,315
3.85
11,697
4,637
3.98
10, 794
3, 993
4.11
9, 660
3, 387
4.30
8, 300
88, 200
8, 925
87, 500
8, 750
113, 700
7,150
124, 900
8, 700
127, 050
9,700
152, 000
9, 450
168, 950
11, 340
180, 000
10, 750
177, 400
10, 500
131, 100
9,500
98, 700
8, 175
80, 000
10,314
87, 848
10, 687
81, 020
8,587
80, 763
8, 883
83, 883
8,914
81, 719
8, 304
91, 928
8,522
100, 980
11,397
120, 430
12, 004
147, 591
15, 192
140, 920
14, 274
118, 582
13,118
98, 903
3, 988
19, 348
3,244
26, 148
5, 938
4, 701
2,015
22, 925
4,710
26, 720
4,340
17, 236
3, 661
11, 929
3, 951
26, 127
3.880
29, 336
2, 854
34, 993
3,774
16, 898
60, 576
.620
496, 576
456, 730
. 390
9, 450
4.49
.154
. 154
.154
.154
. 154
.154
.154
.153
.152
.151
.151
.152
•• Revised. rf1 Revisions for 1953 and for the 1st. and 2d quarters of 1954 and 1955 are available upon request. Totals include data not shown separately.
!Revisions for the indicated items and for the periods specified are available upon request as follows: Alcoholic beverages, July-November 1954; dairy'products—butter, cheese (total and
American), evaporated milk, and nonfat dry milk solids, January 1953-August 1954; condensed milk and dry whole milk, January-August 1954; fluid milk, production, January 19.51-December
1954.
9 Data beginning July 1955 exclude production of wines and vermouth; for July 1954-June 1955, such production totaled 70,000 gallons.
§Data include vermouth and aperitif wines other than vermouth.
*New
representing averag'1 price received by farmers for all milk sold at wholesale to plants and dealers; data prior to January 1955 will be shown later.
Digitized forseries,
FRASER
SUEVEY OF CURKENT BUSINESS
S-28
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. ofbu Shipments carlot
no. of carloads
Stocks, cold storage, end of month
thous. of bu__
603
9,121
3,484
34, 379
2,935
34, 854
106, 234
2,864
27, 321
2,342
20, 618
2,511
13, 931
3,105
8,137
2,929
3,863
2,035
1,302
639
389
265
134
57
267
»• 554
'6,347
4,791
4,529
4,719
10, 928
8,398
8,907
11, 436
10, 457
12, 249
9,469
5,855
5,401
' 4, 342
3,932
470, 439
325, 288
672, 574
458, 921
287, 547
692, 821
444, 087
245, 393
663, 160
420, 092
249, 910
624, 049
389, 245
321, 536
558, 178
341, 964
398, 941
495, 546
300, 058
399, 902
450, 388
256, 029
434, 967
427, 200
279, 723
538, 673
415, 357
368, 954
550, 716
481, 368
447, 013
506, 264
588, 076
476, 719 "•489,423
457, 801 * 409, 656
751, 065 rggg Qgy
483, 522
340, 959
905, 974
12, 043
14, 020
14, 812
227, 046
15, 578
18, 558
18, 039
23, 446
19, 633
19, 049
18, 705
11, 173
10, 164
r 10, 171
3.033
3.217
3.206
2.881
4.175
4.070
4.795
5.695
6.542
6.600
5.925
' 4. 635
P3.515
40, 175
35, 918
39, 136
44, 355
42, 159
38, 480
58, 386
60, 227
71,850
71, 976
60,162
67, 112
16, 156
14, 266
13, 319
400, 295
13, 975
13,013
8,913
15, 721
16, 485
22, 829
20, 327
20, 435
35, 041
14,212
2370,254
9,956
do _ _
28, 468
••260,031
do
8,400
do -
28, 168
26, 149
24, 980
28,720
52, 566 " 51, 447
47, 126
4,549
11, 750
10, 384
35, 980
39, 499
10, 637
45, 145
4,661
21, 747
116, 642
8,418
23, 834
5,050
27, 038
189, 510
7,848
25, 275
9,570
9,039
6,751
1.240
1.127
1.258
1.155
1.251
1.130
1.235
1.116
1.239
1.099
1.235
1.056
1.275
1.123
1.313
1.194
1.311
1.201
1.244
1.123
1.276
1.193
1.279
1.211
1.253
1.179
12, 502
40, 062
11, 590
51, 592
i 3, 242
11,188
22, 843
11, 686
22, 993
12, 036
23, 305
11,963
26, 727
11, 142
27, 442
12, 329
26, 672
11, 099
16, 899
11,391
17, 556
12, 694
17, 663
11,473
16, 527
46, 379
38, 721
65, 517
73. 496
76, 559
87, 270
63, 647 «• 63, 358
79, 735
8,554
7,149
10, 344
11, 751
78, 045
993.3
9,316
67, 781
10, 855
79, 860
1, 500. 4
7,873
84, 202
11, 292
70,910
2, 191. 4
12, 344
6,608
5,944
1.188
1.180
1.173
1.201
1.250
1.269
1.245
1.268
1. 259.
1.285
1.321
1.327
1.452
1.497
1.523
1.521
1.531
1.524
1.525
1.548
1.571
1.542
1. 596
1.484
1.296
1.320
5,185
6,349
i 1, 499
8,887
11,313
6,855
5,432
5,404
9,350
10, 757
21, 062
22, 108
8,508
2 1, 155
4, 737
33, 297
27,283
27, 733
27, 333
21, 916
21, 697
41, 287
2,838
.635
2,947
.668
1,186
.655
27, 585
3271 674
2,072
3,386
.724
.708
34, 655
3,123
(4)
24, 760
566,411
893
.661
2, 823
.736
3,675
.733
Citrus fruits, carlot shipments
- no. of carloads
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
_
.
thous. of Ib
Fruit juices
do
Vegetables
do
Potatoes, white:
Production (crop estimate)^
thous. of cwt
Shipments, carlot
_
-.no. of carloads
Price, wholesale, U. S. No. 1 (New York)
dol per 100 Ib
2 96, 145
2, 229
37, 745
3
244,150
12, 125
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)
Barley:
Production (crop estimate)
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
On farms
FjXports, including malt
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight ._ _
thous. of bu._
do
do -
_-
__dol. per bu
do -
Corn:
Production (crop estimate)
mil. of bu
11,358
Grindings wet process
thous of bu
Receipts, principal markets!
do
28, 185
Stocks, domestic, end of month:
31, 710
Commercial
do
On farms
mil. ofbu _ '3313.8
11, 352
Exports including meal
thous. o f b u
Prices, wholesale:
1.307
No. 3, yellow (Chicago)
dol. per bu__
1.244
Weighted average, 5 markets, all grades
do Oats:
Production (crop estimate)
mil. of bu
8,727
Receipts, principal markets§ -thous. o f b u
Stocks, domestic, end of month:
37, 581
Commercial
__
do _
1,190,082
On farms
do
2,175
Exports, including oatmeal
do
.610
Price, wholesale, No. 3, white (Chicago) _dol. per b u _ _
Rice:
Production (crop estimate)
thous. of bags 9
California:
Receipts domestic, rough
thous of Ib
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis),
end
of month
thou15 of Ib
Southern States (Ark., La.? Tenn., Tex.):
Receipts rough at mills
do
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
mil of Ib
Exports
thous of Ib
Price wholesale head clean (N O )
dol per Ib
Exports total including
Wheat only
flour
do
do
4,037
.682
226, 669
r
r
22, 693
7,241
136, 489
27, 053
66, 097
24, 959
46, 122
21, 970
69, 504
35, 426
59, 401
38, 185
57, 841
30, 936
46, 331
22, 791
50, 211
35, 691
35, 037
38, 186
68, 841
31, 314
24, 692
81, 284
90, 993
56, 065
3 300. 6
r
38, 424
928 978
31, 328
.715
.733
95, 868
101, 792
106, 170
100, 920
103, 365
106, 868
99, 246
65, 541
72, 683
75, 444
64, 750
61, 953
112, 522
29, 721
108, 851
40, 692
103, 244
33, 313
114, 555
25, 092
72, 920
8,680
119, 497
11, 394
105, 550
18, 196
84, 522
232, 494
117, 844
117, 844
164, 181
661.6
150, 886
.089
1, 097. 0
153, 729
.089
1, 127. 8
128, 445
.093
1, 054. 0
70, 735
.093
956. 6
32, 417
.091
875.5
48, 607
.089
708.9
120, 183
.086
533.7
61, 901
.086
430. 5
61, 458
.089
548.5
101, 470
.084
450.3
172, 441
.085
387.7
278, 597
.083
P . 083
902
8,932
1.112
1, 384
8,136
1.061
1, 674
8,414
1.026
i 29 678
1,553
8,369
1.156
820
6,731
1.160
440
5, 280
1.216
552
4,296
1.222
1,666
4,080
1.241
4,401
5,737
1.164
5,428
9, 503
1.151
4,038
10, 058
1.329
2,780
11, 175
1.374
1,074
'10,517
1.435
36, 015
180, 553
31, 802
374, 487
1, 782. 9
448, 678
366, 890
363, 288
440, 750
421, 248
r 624, 302
141, 403
>• 427, 795
17, 932
14, 891
364. 732
1. 542. 0
403, 181
19, 480
14, 702
20. 503
15, 984
46, 225
8
21, 961
1,118
9,141
1.465
804.9
2 975. 5
253. 6
721. 9
31, 241
3
2
54, 981
292, 860
106, 118
64, 697
336, 269
31,033.9
341, 277 3332,323
359, 861
351, 092
28, 577
26, 046
23, 929
221, 880
29, 874
26, 851
358, 515
349, 280
327, 943
381, 756
339, 863
1, 322. 6
366, 412
330, 693
390, 669
357, 301
503, 572
102, 455
218, 164
550 101
126 878
320, 800
11, 422
7,153
3
132, 302
94, 494
986, 179 1.032,421 241, 850
260, 028 185, 179 121. 168
1
936 8
i 233. 7
i 703. 0
24, 768 r 21, 007
242, 928
1.257
1.172
2 3, 412
i 53, 532
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets§
_
do
Stocks, commercial, domestic, end of month _ do
Price, wholesale, No. 2 (Minneapolis) _._ dol. per bu._
Wheat:
Production (crop estimate), total
mil. of bu__
Spring wheat
do
"Winter wheat
do
Receipts, principal markets§
thous of bu
Disppearance
do
Stocks, end of month:
Canada (Canadian wheat)
do
United States domestic totalcf
mil of bu
Commercial
. _ _ _ . . .._ _ _ _ thous. o f b u ._
Interior mills, elevators, and warehouse
thous. of bu._
IVIerchant mills
do
On farms
do
26, 575
981, 205
2,765
.694
3
25, 093
21, 161
24, 949
21, 374
40, 361
35, 834
r
412, 859
341,218
1,735.6
428, 737 -•427,437
3443 643
3 64,641
3 67, 716
33, 701
28, 877
45, 873
41, 658
49, 546
44, 378
39, 257
234,816
407, 729
629, 667
141,319
402, 789
40, 876
37, 138
49, 058
39, 326
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.475
2.457
2.488
2.513
2.429
2.381
2.481
2.393
2.511
2.447
2.481
2.505
2.487
2.428
dol. per bu__
2.242
2. 285
2.100
2.087
2.282
2.242
2.333
2.190
2.207
2.216
2. 253
2. 155
2.198
2.310
No 2, hard winter (Kansas City)
do
1.992
2.206
2.176
2.020
2.221
2.035
2.043
2.156
2.225
2.327
2.125
1.923
2.153
2.185
No. 2, red winter (St. Louis)
. _
do
2.423
2.445
2.437
2.231
2.389
2.411
2.407
2.295
2.345
2.478
2. 461
2.388
2.445
Weighted avg., 6 markets, all grades
do ___ I 2. 445
' Revised.
* Preliminary.
1 Revised estimate of 1955 crop.
2 November1 estimat e of 1956 crop.
3 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for com).
* No quotation.
§ Toledo included beginning with June 1955.
9 Bags of 100 Ib.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
1 Prior to the August 1956 SURVEY, data were reported in thousands of 60-lb. bushels.
SURVEY OF CUERENT BUSINESS
November 1956
S-29
1956
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flourt
thous. of sacks (100 Ib.)
Operations percent of capacity
Offal
short tons
Grindings of wheat t
thous ofbu
Stocks held bv mills, end of quarter
thous. of sacks (100 Ib.)
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol per sack (100 Ib )
Winter, hard, short patents (Kansas City) do
19, 163
85 7
377, 855
21 002
93 8
411 194
19, 760
88 3
384 694
19 318
86 3
376 700
19 490
87 1
379 505
17 861
79 5
347 255
19 226
81 7
369, 080
17, 378
77 4
334, 955
18, 639
79 2
362, 902
17, 648
78 4
341, 813
17, 697
78 6
347 871
20, 420
82.8
393, 879
19, 889
97.3
377, 812
44 278
48 375
45 493
44 468
44 818
41 055
44 044
39, 945
42 878
40, 563
41, 266
46, 875
45, 540
1 688
1 809
4,715
2 218
1 604
6.215
5.725
6 115
5.725
6. 195
5.735
6 310
5 425
647
1 566
1 905
196
604
1 545
2,046
216
606
1 646
2,124
196
596
1 679
2,146
201
18 85
17.04
28 00
18 89
17.44
24 50
19 87
17.81
24 50
20 12
17.68
25 25
6,705
3 908
5,922
3 262
6,327
3 294
5,252
2,895
11.08
12.03
12.63
14.60
1 534
5,213
1 943
2 070
6 180
5 625
6 220
5 600
6 110
5.775
633
1 617
2 091
420
602
1 697
2 354
249
586
1?484
1 870
183
20 84
16.92
22 00
20 30
15.89
24 00
20 01
17.13
28 00
6,144
3 251
6,857
4 099
7,324
4 056
14.30
12.01
10.38
4,632
1 305
1 832
2 050
5,078
1 940
6 225
5.625
6 275
5 775
6 165
5 625
6 075
5.760
710
1, 752
2,533
537
728
1 693
3 058
947
700
1 662
2 674
734
22 67
17.97
24 00
21 95
18.02
26 00
5,144
2,682
15.75
4 177
' 6, 040 P 6. 045
5.625
v 5. 650
610
1 728
2 543
226
691
1,774
2,686
580
661
1 617
2,721
734
872
1,959
3,554
1,081
20 79
17.02
22 50
22 28
17.36
22 50
25 61
17.88
23 50
27.31
17.22
•P 21.00
26.00
17.31
4,875
2,749
4,326
2 480
4,199
2 485
4,559
2,499
4,979
2,676
6, 347
3,511
15.50
15.40
15.23
16.12
16.01
15.55
10.8
13.0
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves ._ .
.
thous. of animals
Cattle
do
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States.do
Prices, wholesale:
Beef steers (Chicago)
dol per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals..
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per lOOlb..
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog_.
Sheep and lambs:
Slaughter (federally inspected)— thous. of animals. .
Receipts, principal markets
_
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 Ib
Lambs, feeder, good and choice (Omaha),- do
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter
.
mil. of Ib
Stocks (excluding lard), cold storage, end of month
mil. oflb.Exports (including lard)
do._
Imports (excluding lard)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of month..
thous. of Ib
Exports
do
Imports
- - _ .. . ._
_ _ .
do .
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York) .... _, . dol. per Ib
Lamb and mutton:
Production, inspected slaughter
thous. of Ib
Stocks, cold storage, end of month
do
Pork (including lard), production, inspected slaughter
mil. of Ib .
Pork (excluding lard):
Production, inspected slaughter. _
thous. of lb..
Stocks, cold storage, end of month
do
Exports - . - _ _ . . _ _ _ _ _ _ _ _
do
Imports
do
Prices, wholesale:
Hams, smoked, composite
dol. per lb.
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production, inspected slaughter
thous. of lb_.
Stocks, dry and cold storage, end of month
do ..
Exports
_ do
Price, wholesale, refined (Chicago),
dol. perlb..
12.7
10.2
10.2
10.8
1,329
1,248
160
1,163
994
121
1,216
1,087
139
1,129
1,146
115
18 25
16.68
19 00
16.96
20 00
18.60
20.12
18. 18
20.75
0)
2,340
2 312
2 018
2,128
1,930
12.7
11.2
9.2
1,344
1,625
564
1,248
1,797
513
1,162
1,273
247
1,155
1,091
161
19.75
17.83
19.50
18.18
18 62
17.88
1,977
2,121
2,254
9.4
2
2
11.2
11.0
10.6
11.2
1,063
1,054
121
1,084
1,047
113
1,168
1, 184
151
1,268
1,403
361
1,167
1,770
677
1,439
1,948
802
26.00
20. 00
23 75
19.55
22 75
18.12
22.00
18.41
20.50
19.00
20.00
18.71
1,942
1,865
1 853
1,883
1,832
461
63
29
'412
405
49
26
444
81
23
601
91
28
777
98
21
858
95
»-25
884
77
21
879
90
21
861
82
25
781
93
24
694
69
23
593
66
24
1,021.5
120, 886
2,426
12, 244
999.5
136, 278
3 100
9,428
970 3
176, 613
2 349
12, 150
961 5
224, 391
3 743
6,913
1 034 8
230 316
6 339
7,708
909 9
212, 794
9 353
7, 169
958 9
205, 748
7 262
8, 528
945 0
187. 985
3 744
8,998
1, 006. 2
168, 995
2 178
6,428
1,001 8
149, 260
6 089
8,618
1,020 8
140 703
6 500
9,920
444
1, 026. 0
931.1
131, 379 ' 128, 430 157, 355
3,023
15, 192
.420
.396
.376
.362
.368
.347
.336
.354
.358
.367
.388
.443
.486
.452
58, 742
8,683
55, 245
9 569
52, 853
9 884
53, 849
10, 630
64, 032
10 566
56,948
10 060
59, 290
9 875
53, 754
8,976
47, 254
8 481
46, 211
8,620
50, 571
7 975
55, 246
9,002
50, 991
'9 703
11 151
896.5
1, 065. 8
1, 230. 5
1, 324. 9 1, 212. 8
1, 051. 6
1, 109. 4
931.3
888.7
817.5
781.6
801.5
849.6
678, 528
179, 182
4,461
11, 681
805, 841
205, 197
6,441
11 583
908,
306,
5
14
359
714
823
563
967, 766
420, 816
6,358
11 782
772, 981 803, 772
517, 991 514, 124
' 7 609 6 197
11 594
11 276
681, 626
510, 230
5,804
14 029
650, 629
457, 395
6,807
15 885
599, 853
393, 538
5,277
13 099
249
727
602
626
596, 294
203, 596
4,499
11 363
638, 107
170,917
.501
.492
.456
.409
.454
.374
.448
.326
.446
.346
.459
.365
.486
.368
.503
.425
.501
.478
.534
.461
.526
.502
'.515
.474
P. 485
.511
159, 349
75, Oil
30, 545
.138
190, 120
74, 756
56, 426
.153
235, 332
98, 426
66, 532
.138
261, 249
146, 985
69,813
.125
240, 907
183, 615
3 65, 355
.123
203, 189
209, 930
48, 327
.138
224, 101
232, 719
62, 228
.135
182, 846
226, 017
59, 328
.145
174, 120
210, 864
68, 955
.153
159, 086
203, 206
44, 762
.138
149, 603
178, 461
42, 213
.138
150, 261
141, 056
40, 893
'.155
154, 242
123, 398
68 413
258, 413
80 480
259 687
74 756
228, 378
47 239
214 723
43 725
188, 351
48 423
155, 096
47 203
132, 812
55 444
120, 001
55 987
119 649
57 090
126 769
67 334
!64 422
69 299
883,
481,
8
15
358
602
386
309
577,
306,
4
12
r
165, 514
.444
v. 155
POULTRY AND EGGS
Poultry
Receipts, 5 markets
thous. of Ib
58, 494
Stocks, cold storage (frozen"), end of month
do
161, 947
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol, perlb ..
.235
Eggs:
Production, farmf
millions
4,245
Dried egg production... .__ _
_ thous. of Ib
1,281
Stocks, cold storage, end of month:
Shell . .
thous. of cases
1,140
Frozen
_ _ _.
thous. of Ib
155, 365
Price, wholesale, extras, large (Chicago)
dol. per doz..514
r
.233
.210
.235
.250
.240
.260
.250
.250
.225
.190
.185
J>. 165
4 631
1, 136
4 677
739
4 976
489
5 161
660
5 152
1,459
5 768
2 612
5 591
2,870
5 557
3,308
4 961
2,464
4 752
1 644
4 559
1*435
4 435
1 315
4 818
804
127, 847
333
101, 395
111
74, 354
299
50, 525
306
42, 473
309
61, 604
638
94, 569
1 200
140, 048
1 453
1 259
172, 366 177 427
1 020
167 943
.495
.501
.514
.398
.406
.396
.392
.371
.436
90, 983
92, 710
86, 087
73, 121
72, 415
31,955
.293
26, 204
.275
27, 154
.265
21, 195
.263
28, 798
.260
.447
.414
.382
.459
59, 964
54, 961
' 73, 362
109, 211
22, 318
.261
20, 575
.290
14, 916
'.283
P. 278
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salesd"--_ thous. of dol.. ' 108, 000 ' 109, 000 '117,000 ' 100, 000
Cocoa or cacao beans:
Imports (incl. shells)
long tons.. ' 16, 482 14, 738
21, 336
18, 462
Price, wholesale, Accra (New York)
dol. per lb..
.324
.333
.340
.324
T
3
l
2
Revised.
v Preliminary.
No quotation.
Average for 2 weeks.
Data for January-June 1956 include exports of shortenings (chief weight animal fat); such exports averaged 98,000 pounds per month in 1955.
JRevisions for wheat flour production and wheat grindings (January 1954-July 1955) and for egg production (1950-54) will be shown later.
cfRevisions (mil. dol.): 1954—January, 84: February, 79; April 74; August—December, respectively, 65; 105; 103; 116; 101; February 1955, 86.
90 080
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1056
1956
955
Septem- October Novem- December
ber
ber
January
February
I ""
March
April I
May
July
June
Septem- October
ber
August
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee:
Clearances from Brazil, total
thous. of bagsef __
To United States
do
Visible supplv, United States
_.. do ._
Imports
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb-_
Fish:
Stocks, cold storage, end of month
thous. of lb. ..
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons,.
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production short tons
Entries from off-shore _..
do^ .
Hawaii and Puerto Rico
do
Deliveries, total
do _
For domestic consumption
do
For export
do
Stocks, raw and refined, end of month
thous. of short tons..
Exports
short tons
Imports:
Raw sugar total
do
From Cuba
do
From Philippine Islands
do
Refined sugar, total
do
From Cuba
do
Prices (New York):
Raw wholesale
dol per lb
Refined:
Retail^
dol. per 5 lb
Wholesale
dol. per lb
Tea, imports
thous. of lb TOBACCO
Leaf:
Production (crop estimate)
mil of lb
Stocks, dealers' and manufacturers', end of quarter j
total
mil o f l b
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil. of lb
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports, including scrap and stems
thous. of lb-.
Imports, including scrap and stems....
__..do
Manufactured products:
Production, manufactured tobacco, total
do
Chewing plus- and twist
do
'
Smoking
do
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions.
Tax-paid
_
_ _ _ _
- - do.
Cigars (large), tax-paid
thousands...
Manufactured tobacco and snuff, tax-paid
thous. o f l b .
Exports, cigarettes
.
. . _ millions- ..
Price (wholesale), cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
dol. per thous
1,810
1,207
521
1,478
1,882
1,134
528
2, 215
1,661
914
564
2.146
.610
.568
1,562
988
772
1, 616
.560
. 565
. 573
.580
.588
140,878
127,459
122, 741
124,218
144,144
163, 506
1, 457
2,482
3,707
4, 257
4, 022
3, 581
3,181
528, 238
164. 908
88. 590
116,347
547, 340
115,080
39, 789
521,462
149, 339
38, 740
608, 051
146, 223
22, 411
584, 640
181,119
37, 008
635, 828
238,419
50, 750
601,064
219, 224
20, 060
666, 510
187, 036
609, 182
604. 932
4. 250
571,554
569,169
2, 385
675, 455
633, 079
42, 376
619,401
613, 522
5, 879
716,555
699,165
17,390
746, 474
711, 784
34, 690
732, 440
720, 001
12,439
803, 328
781.578
21, 750
869, 070
865, 344
3, 726
1,132
606
1,717
909
1,918
1,003
1,881
9,721
1,861
11,961
1, 761
400
1,618
17,082
1, 587
33, 920
1,427
29, 261
1,231
456
261,645
231,389
30, 252
14, 258
12, 501
265, 534
242, 385
16, 513
7, 334
5, 677
185,267
177,067
4.480
698
416
347, 346
238, 517
106,024
36, 394
20, 526
355,572
263, 097
92, 452
45, 627
34, 474
348, 430
237. 057
111,368
68, 556
60, 368
317, 420
222, 285
92, 371
55, 122
49, 664
345, 178
247, 928
97, 232
41, 288
40, 775
.059
.058
.059
.059
.060
.061
.061
.060
.061
.501
.085
9, 460
.501
.085
6,718
.500
.085
9, 381
.499
.085
8,174
.499
.085
10, 498
.499
.085
7,786
.500
.086
6, 964
.500
.086
9,728 !
. 500
.086
7, 564
1,228
821
704
1,885
1,978
1,307
793
2.182
1,201
711
770
2, 394
.540
.530
. 535
.575
190, 783
188,953
1 75, 297
163, 178
2,532
2,132
1,882
119,175
541, 149
240, 626
521,457
515, 800
201, 641
752, 375
449, 748
168,780
798, 299
793, 627
4,672
733, 258
727, 967
5, 291
864
290
266,507
189,940
49, 280
40, 798
39, 271
191,504
' 2, 642
.060
.496
.084
8,695
1,464
940
872
1,803
1, 204
728
753
1,388
1,126
657
831
1,892
. 061
.497
.085
8,047
r
1,379
804
981
2,071
376,216 353,752
233, 526 260,125
142, 688 i 87, 803
51,216
40, 099
49, 964
36, 120
1, 397
868
891 i
1,446
1, 415
899
1.063
<• . 603
.602
. 615
178,785 1 195,648
2, 432
1, 523
14,674 ' _ _ _
..
741,221 i 593,213
246,680 I 184.476
r
916,359 i . , . .
910,060 1 786,962
6,299 (
M, 000
519
892
392, 328
288,159
84, 648
42,391 i
41, 060 j _
r
.
!.. .
. 061
P . 061
.500 i
. 086
7,560 1
.500
v . OS6
2 2, 125
i 2, 196
4 7no
5 175
335
310
5 030
4,783 |
4, 586
•
317
351
376
!
4,194
4, 671
4,420
18
154
85, 360
9.453
85, 773
9, 766
64, 358
10, 383
19
175
44, 678
7,660
46,228 ""29,151"
10,795
9,415
21
213
27, 760
9, 534
' 30, 295
9,741
35, 489
11,096
.
i
i
21 j
195 I
30, 505 " 23,094
10, 193
9, 304
17,388
6. 967
7,054
3,366
17,395
6, 880
7, 256
3,260
16, 179
6, 627
6,304
3,249
13, 194
5,347
4,747
3,100
15,567
6. 509
5,704
3,354
15,021
6,227
5,499
3, 295
16, 041
6, 361
6,497
3,184
16, 029
6, 185
6, 582
3,262
16, 737
6, 723
6, 641
3, 373
15.457
6,787
5,415
3, 254
12, 467
5, 567
4,770
2,131
2,937
32, 076
533, 707
2,449
32, 937
561,082
2.416
32, 644
613, 199
2, 570
27, 357
432, 028
2,091
32, 871
453, 272
2, 132
30, 733
463,104
2, 523
32, 471
501,912
2,430
30, 185
501,228
2. 751
36,164
553, 654
2,941
34, 303
477, 276
2,497
31.032
428, 309
1C), 624
1,280
16, 807
1, 402
16, 909
1,226
13,115
1,219
15, 298
1,146
14, 721
960
15,702
1,250
15,761
1,284
16, 593
1,410
14, 969
1. 567
12,321
1, 507
3. 938
3.938
3.938
3. 938
3.938
3.938
3.938
3.938
3. 938
3.938
3. 938
15,445 j 18,316 } 14,833
132
86
83
42
42
21
2,611
2,666
2,256
3, 594
4,012
3,494
11,421
135
30
2,623
1,454
14, 545
74
34
2,534
3, 451
.500
.133
.500
.138
4,019
!
4.270
y>. :
174 ;
36, 108 i
11, 206
17, 247
7 020 '
6,707 !
3 520 !
i
2,881 ! .
37,560 i
514,905 !
_
17,158 '•
1,346 |
3.938 ! P3.938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins 9
thous. of l b _ . i
Calf and kip skins
thous. of pieces... j
~ - hides
- -Cattle
do.
Goat and kid skins
do_
Sheep and lamb skins
do
Prices, wholesale (Chicago):
Calfskins, packer, heavy, 9^/15 lb
dol. per lb..
Hides, steer, heavy, native, over 53 lb
do
7, 281
91
15
1,964
578
11, 541
277
18
2,172
2,298
81
70
2,412
890
8,357
61
9
2,904
529
.475
.148
.500
.148
.500
.133
. 500
.133
12,088
13,147 i 15,337
47
237 !
25
19
15
2,749 I 2, 674
2,074
4,473
1,326 j 2,306
.500
.103
.500 i
.110 !
.513
.105
.525
.123
.500
.123
.500
.128
LEATHER
Production.
807
802 | 819
759
701
644
836
874
496
Calf and whole kip
thous. of skins. _|
827 f
890
2. 255
2,202
2,305 I 2,262
2,165
2,364
2,076
1,731
Cattle hide and side kip
thous. of hides and kips_. I 2,158
2,203
2,237
2,212
2,251
2,377 j 2,235
2,155
2, 544
2,061
2,243
1,797
Goat and kid....
_
thous. of skins..
2,001
2,187
2,382
2,212
2,535 i 2,310
2, 275
2,328
2, 360
Sheep and lamb
_
do
2,130 1 2,222
2,109
1,777
Exports:
Sole leather:
47
51
Bends, backs, and sides
thous. oflb..
64
121
57
65
31
Offal, including welting and belting offal
do
12
30
77
3,099 < 2, 565 * 2, 507 42,615 | 42,466 * 2, 978 * 2. 439
Upper leather_. _'.
thous. of sq. ft.. | 3, 576
3,429
3,009
2,891
Prices, wholesale:
j
i
.610 j
.620
.605
.630
Sole, bends, light, f. o. b. tannery
...dol. per lb._ j
. 600 |
.600
.610
.630
.630
Upper, chrome calf, B and C grades, f. o. b. tan- i
j
1.030
1.118
nery.
dol. per sq, ft.J
.998 i
.987
1.118
-1 Revised.
f Preliminary.
4
2
' Not separately available.
Excludes small quantities combined with other types.
Revised estimate of 1955 crop.
November 1 estimate of 1956 crop.
cfBags of 132 lb.
§Data represent price for New York and Northeastern New Jersey.
9 Includes data for types not shown separately.
P.525 i
P . 148 ' _
2,228
2,018
2, 578
46
36
3,633
.630
* . 625 i _
1.123
P 1. 123 L
SURVEY OF CURRENT BUSINESS
November 1050
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-31
1955
ber
DecemOctober N'ovember
ber
Janu-
ary
Febru-
ary
March
April
May
June
July
42 158
August
Sog*"" October
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous. of pairs
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By kinds:
Men's
do
Youths' and boys'
do
Women's
do
Misses' and children's
-do
Infants' and babies'
do
Slippers for housewear
do
Athletic
-- - _ _- _.
do. - .
Other footwear
do
Exports
.
... _ _ - _ . _ _ do _
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49 = 100
Women's oxfords (nurses'), side upper, Goodyear
welt
1947-49 = 100
Women's and misses' pumps, suede split
do
50, 6io
48 197
42 921
45 551
53 139
56.230
55, 134
48, 822
47, 963
44, 416
42, 767
40 628
36 162
40 834
49 668
51,863
50, 077
43, 727
42, 314
38, 751
9, 127
1 857
23, 622
5, 223
2, 938
9 246
1 586
21,472
5, 358
2, 966
7, 905
1 331
19, 142
5, 060
2 724
8, 711
1 586
21. 674
5, 705
3 158
9
1
27
7
3
681
841
484
185
477
10, 304
1 945
28, 1 76
7, 722
3. 71 6
10, 018
1 915
27. 731
6,663
3, 750
9, 883
1 695
23 721
5, 286
3 142
10, 032
1 858
21,977
5, 345
3, 102
8,091
1 561
21, 495
5, 056
2,548
7, 245
7 068
6, 274
4 185
2 897
386
188
1
4 568
5, 007
208
3,768
431
168
1
358
4 482
388
144
319
287
288
4,987
457
221
i 236
116 8
116 8
116 8
119 8
1 24. 1
124 1
118 1
117.4
118 1
117.4
118 1
117.4
129 9
117.4
129 9
117.4
3 138
3 423
597
627
3 305
2, 541
2, 796
3 259
388
210
392
110.0
116.8
112.3
375
126
368
112 8
118 1
117.4
370
115
335
116 8
118 1
117.4
118 1
117.4
438
137
1
384
436
91
1
54, 647
44, 569
36 856
46, 469
37, 189
7, 518
1 567
20 889
4, 700
2 182
9,819
1 968
25,600
6,130
2,952
8,169
1 622
19, 731
5, 029
2,638
4 573
356
373
232
7,252
528
398
352
6,660
476
244
124 1
124. 1
124. 1
v 124 1
129 9
117.4
129 9
117.4
129.9
117.4
p 129 9
» 117. 4
3 067
' 633
2 434
3 537
3 147
2, 665
3 373
3 160
o 949
3 262
470
172
1
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:!
Production, total
mil. bd. ft
Hardwoods
-_
do.
Softwoods
_ - .-- .- _ - _ - - d o - - _
Shipments, total
do
Hardwoods
__
- . _ _ _ . . . doSoftwoods
do
Stocks, gross (mill and concentration yards) , end of
month, total __..
- . _ - mil. bd. ft.
Hardwoods
do
Softwoods - - - - . - . . _
__
__ ..do-
3, 544
671
2,873
3 471
3 432
3 112
669
2,443
2 889
2 932
2 914
2, 729
2,281
2, 305
2. 289
601
2,482
3 374
3 092
2 794
2 966
3 261
2 288
2 592
2 620
2 780
2 602
9 438
2 707
2 871
'571
9 300
9, 247
3 517
5 730
703
608
625
627
3 083
640
657
2,880
2 759
2 619
2 376
2 122
2 903
'676
2 227
8,512
3, 464
5, 048
8, 569
3 411
5 158
8, 589
3 364
5, 225
8,684
3 300
5, 384
8. 746
3 251
5 495
8, 684
3 198
5,486
8,511
3 131
5, 380
8 400
3 089
5 311
8, 450
3 123
5, 327
8, 598
3 206
5 392
8 716
3 328
5 388
8, 991
3 430
5 561
60, 868
351, 10H
89, 1 54
309, 254
56, 231
272, 349
64 125
237, 090
46 867
25f,, S73
59, 280
259, 714
62. 767
292, 078
61 350
265 140
59. 656
272, 300
68 151
290, 466
70 485
327 728
64, 036
:>32. 975
656
676
816
742
862
617
606
741
686
917
664
583
710
687
940
756
710
679
62Q
990
772
746
769
738
739
746
751
739
868
798
768
816
790
708
835
856
968
689
624
760
774
954
712
630
655
706
902
752
566
830
775
956
Exports, total sawmill products _ _ _ _ _ M b d . f t
21, 503
11, 861
Sawed timber
do
9,642
Boards, planks, scantlings, etc
_
_ _ do_
Prices, wholesale:
Construction, No. 1, dried, 1" x 4", R. L.
dol. per M bd. ft
89. 320
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd. ft. .. 132. 194
Southern pine:
754
Orders, new
mil bd ft
Orders, unfilled, end of month
do
293
Production _ . _ _ _ _ _ _ _ _ _ _
_
do
734
Shipments
do
746
Stocks, gross (mill and concentration yards), end of
month
_
.
mil. bd. ft
1,658
Exports, total sawmill products _ _ _ . M bd ft
6,222
Sawed timber
... _ _ _ _ _ _ _ _
do
1,772
Boards, planks, scantlings, etc
do
4,450
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
dol. per M bd. ft. . 80. 155
Flooring, B and better, F. G., 1" x 4", S. L.
dol. p e r M bd. f t _ _ 151.018
Western pine:
Orders, n e w _ _ _ _ _
_
_ mil. b d . f t
826
454
Orders, unfilled, end of month
do
Production
_ _ _ _ ___ ___ _ _ _ _ _ _ _ _ _ _ do. _ _
872
825
Shipments
do
Stocks, gross, mill, end of month
do
1, 693
Price, wholesale, Ponderosa, boards, No. 3 common,
I" x 8"
dol. per M bd. ft
80.74
30 233
17 247
12 986
20 477
9 378
Il'o99
27 160
13 51 •?
13 648
23 300
28 398
34 013
21 310
12 703
23 669
12 882
JO 787
Exports, total sawmill products
Imports, total sawmill prjducts.
M bd. ft
do
712
755
672
716
678
669
639
558
593
556
511
658
2, 489
SOFTWOODS
Douglas fir:
Orders TIPW
Orders, unfilled, end of month
Production _ _ _ _ _ _ _ . _ _
Shipments
Stocks, gross, mill, end of month
mil bd ft
do
. _ do_ ....
do
_ _ _ do
1 066
1 068
1 020
747
775
776
820
989
19 420
20 020
26 280
(2)
(2)
25 805
(2)
(2)
(2)
(2)
(2)
(2)
89. 320
89.915
89. 786
(2)
(2)
(2)
(2)
89. 180
87. 962
88. 102
89.180
89. 180
132. 504
132.504
134. 138
134. 138
134. 603
713
269
717
737
654
229
712
694
601
217
688
613
723
275
733
665
671
275
687
671
733
270
729
738
797
287
714
710
723
261
760
749
664
240
691
685
1 638
6, 674
1,915
4,759
1 656
5, 545
2, 138
3, 407
1 731
7 213
1 971
5,242
1 799
6 123
1 815
6, 958
1 806
6,540
1 810
5 639
1 821
7, 567
1 827
7 208
80. 683
81. 474
80. 679
80. 588
149.916
702
380
846
775
149.916
149. 916
152.206
603
628
605
367
638
616
(2)
(2)
(2)
(2)
81. 294
(2)
(2)
84. 079
(2)
(2)
(2)
(2)
83 826
83. 035
152.206
155. 159
154. 179
580
678
681
457
510
566
418
592
577
134.603 3 135. 001 3 135. 234
459
531
578
498
610
639
489
671
690
154. 546
89. 174
3
134.989
(2)
2
()
r
88. 206
3
132. 570
1
7
2
5
P 85. 081
675
221
690
694
730
215
729
736
641
9
11
650
645
823
983
010
973
1 816
8 614
1 740
6, 874
1 8">1
81. 8S4
"Hi 884
T
153.934
154.154
r
733
684r
714
1 010
3131. 247 "3130.919
r
82 425
81.891
86. 773
652
554
717
664
154. 338 "154.045
730
681
41 >
746
693
1 S03
347
913
799
] Q17
359
769
66S
•> uu
()]7
-,
79 80
r 77 39
P 77 39
350
400
000
025
700
4 525
15? 450
3 225
4 300
6 555
4 375
14 550
4 350
5* 000
6 200
3 000
13' 350
3 300
3 500
6 350
78 010
62, 224
96 955
93 349
80. 51 6
79 691
55, 624
87 880
86' 291
441
788
762
424
818
749
1 764
1 786
1 801
1 745
1 698
1 673
1 654
] 680
1 750
80 13
79 36
78 83
79 43
81 30
82 31
83 50
83 67
82 21
4, 250
14, 350
4, K)0
4,775
7, 525
3 450
12,000
3 875
4,225
7 300
3, 850
11, 750
3 900
3,900
7 200
4 300
12, 000
4 100
3 800
7 500
4
12
4
3
7
500
050
650
650
800
5 650
15 000
3 900
3* 700
8 000
4 900
16* 050
4 050
3 600
8 500
99, 084
91,074
105, 238
105, 810
42. 958
87 858
85, 704
102 070
100 684
44. 344
78 741
72, 123
102 317
95 049
51.612
71 777
61, 168
93 665
82 732
62. 545
94 572
66* 728
96 899
91 ' 007
68. 437
97 078
71, 450
93 743
gq' 512
74. 077
105 106
80, 765
98 616
95' 791
73! 249
91 136
82, 346
93 738
91 370
74. 556
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new_ _ _ _ _ _ _
__
Orders, unfilled, end of month __
Production
_ _
Shipments .. _ . _ _ _ . _
Stocks, mill, end of month
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments
.___
Stocks, mill, end of month, .
_
_ M b d . ft_
_ do_ _.
do
do_ _
do
do
do
do
do_ _
_ do .
'Revised.
* Preliminary.
1 Excludes exports of infants' and children's shoes.
to April 1956.
{Revisions for January 1954-March 1955 will be shown later.
2
350
150
100
950
750
Not available.
4
13
3
3
7
5
16
4
4
8
325
900
250
100
700
85 603
74, 889
104 641
100' 007
79! 1 90
4
15
4
5
7
81 038
92
49,
102
97
87.
406
448
497
807
71 6
72 917
40, 867
87 730
84 993
88 885
3 For C and better, flat or mixed grain; not entirely comparable with data prior
SURVEY OF CUERENT BUSINESS
S-32
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
411,981
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging):
Shipments (market), quarterly total
217 719
M sq ft surface measure
32 959
Inventories (for sale) end of quarter
do
Softwood (Douglas fir only), production
422,
532
M sq. ft., %" equivalent. _
427, 948
423, 235
413, 501
212, 228
39, 408
236 405
36, 938
231 969
32 359
448, 127
443, 094
469, 751
446, 925
431, 560
372, 282
355, 424
475, 763
493, 563
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, totaled
short tons
Scraped
do
Imports, totaled
do
Scrap
do
790, 381
422, 557
169, 872
25, 887
842, 685
447, 506
171, 430
17, 061
816, 832
447, 365
160, 077
15, 508
904, 080
481, 070
166, 401
15, 268
789, 500
416, 614
144, 677
16, 410
905, 604
529, 847
130, 872
13, 980
906, 220
479, 517
134, 967
13, 263
918, 899
481, 566
141, 592
11,576
934, 168
500, 966
177, 902
13, 914
903, 649
520, 391
162, 642
14, 492
676, 112
413, 952
168, 776
13, 102
621. 587
383, 481
225, 355
26, 907
6,786
3,921
2,865
6,788
7,355
7,248
4, 002
3,245
7,217
7,385
7, 213
3, 969
3,244
7,214
7,385
7,096
4,034
3, 062
7,276
7,210
7,419
4,071
3,348
7,492
7,141
7,135
3,882
3,253
7,107
7,168
7,238
4,087
3,151
7,541
6,863
7,145
3,934
3,210
7,270
6,737
7,586
3,947
3,639
7,271
7,054
6,595
3,677
2,918
6,714
6,934
2,304
989
1,315
2,225
7,013
r 6, 127
' 3, 270
'r 2, 857
6, 108
' 7, 027
P 6, 726
P 3, 754
P 2, 971
P 6, 980
* 6, 785
13, 830
14, 544
6,130
12, 846
13, 696
5,279
7,266
9, 268
3,277
3, 502
2,549
4,204
3,279
2, 183
5,002
3,592
2,081
7,262
3,649
2,004
8,905
8,084
7,332
9,657
12, 970
13, 728
8,918
13, 233
13, 879
8,459
1,490
2,143
7,806
9,962
9.898
7,854
13, 404
13, 512
7, 716
12, 757
7,539
45, 406
38, 459
6,948
12, 244
7,850
49, 523
42, 167
7,356
7,410
7,488
51, 040
43, 718
7,323
184
7, 663
44, 359
37, 539
6,820
0
0
0
i 23, 370
23, 020
20, 365
2,655
5,674
7,457
19, 373
17, 184
2,189
12, 554
7,916
24, 010
21, 449
2,562
12, 939
7,194
30, 835
27, 468
3,367
2,666
8,045
3 6, 858
40, 328
33, 473
6, 856
12, 745
7,217
41,213
37, 376
3,837
2,518
90
2,859
75
2,237
64
1,471
134
1,460
72
1,484
81
1,397
72
1,600
63
2,989
63
3,081
89
2,651
73
4,068
85
1,113
1, 310
714
1,062
1,306
697
1,075
1,260
664
1,158
1,250
677
1,141
1,115
680
1.163
1, 255
715
1,145
1,218
702
1,086
1,236
737
1,041
1,152
687
1,109
763
488
1,074
1,103
672
121, 261
90, 866
53, 804
116, 981
99, 280
58, 069
123, 107
99, 946
60, 409
116, 520
93, 562
54, 618
113, 616
93, 533
54, 466
106, 491
86, 941
46, 266
99, 573
83, 320
47, 064
93, 677
80, 138
51, 053
86, 247
75, 635
45, 022
92, 078
54, 340
31, 300
6,965
6,937
6,699
6,690
6, 954
6,867
7,050
7,028
6, 603
6,576
7,149
7,075
6,925
6,806
6,921
6,792
6,435
6,319
1,107
1,079
5,142
' 5, 173
6,933
* 6, 779
2,421
2,361
2,289
2,253
2,212
2,167
2,186
2,292
2,315
2,419
' 2, 326
* 2, 402
58.45
58.50
59.00
58.45
58.50
59.00
58.45
58.50
59.00
58.45
58. 50
59.00
58.45
58.50
59.00
58.59
58.50
59.00
59.65
60.00
60.50
59.65
60.00
60.50
59.65
60.00
60.50
61.08
60.00
63.00
62.35
62.50
63.00
62.45
p 62. 50
P63.00
145, 674
110, 409
23, 745
152, 381
116, 908
25, 635
158, 982
122, 201
29, 003
158, 618
123, 343
27, 954
165, 398
128. 598
30, 833
170, 045
130. 839
31, 991
163, 708
125, 015
27, 475
178, 227
142, 025
35, 949
164, 661
129, 147
31, 296
559.7
158.0
120.0
38.0
584.7
158. 1
119.7
38.4
592.4
158.1
120.1
38.0
588,6
160.1
124.7
35.5
589.0
151.7
118.1
33.6
577.7
158.9
122.2
36.8
569.4
150.0
114.8
35.2
551.3
150. 6
112.0
38.6
539.6
143.4
103.4
40.1
546.9
98.5
76.2
22.2
562.4
123.2
89.1
34.0
10, 501
98
10, 247
99
10, 504
99
10, 828
99
10, 119
99
10, 925
100
10, 524
100
10, 490
96
9,721
92
1,622
15
8,123
75
.0582
.0582
.0581
.0581
.0581
.0581
.0581
.0583
.0583
.0583
.0620
.0627
78. 50
.0487
78.50
.0487
78.50
.0487
78.50
.0487
78.50
.0487
78.50
.0487
78.50
.0487
78.50
.0487
78.50
.0487
78.50
.0487
84.00
.0527
p 84. 00
P. 0527
44.50
45.50
50.00
54.50
49.00
48.50
54.50
49.50
44.50
44.50
Iron and Steel Scrap
Production and receipts, total. _^thous. of short tons..
Home scrap produced
do Purchased scrap received (net)
do
Consumption, total
_
__ _
do
Stocks, consumers', end of month
do
Ore
Iron ore:
All districts:
Mine production
thous of long tons
Shipments
do
Stocks, at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports _ _ _
do
Consumption by furnaces§
do
Stocks end of month total§
do
At furnaces §
do
On Lake Erie docks §
do
Importscf
do
Manganese ore imports (manganese content) cf do
2
2
47. 305
42, 386
4, 918
2
12, 628
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale
thous. of short tons
1,151
1,253
Shipments, total
do
For sale
do
713
Casting, malleable iron:
116,636
Orders, unfilled, for sale
short tons
Shipments, total
_ _
do
87, 215
For sale
do
55, 471
Pig iron:
Production
..thous. of short tons
6,703
Consumption
do
6,612
Stocks (consumers' and suppliers'), end of month
thous. of short tons..
2,483
Prices, wholesale:
58.45
Composite
dol. per long ton
Basic (furnace)
do
58.50
Foundry, No. 2, Northern
do
59. 00
P 1,108
91, 883
' 74, 422 * 69, 678
43, 479
62.45
Steel, Crude and Semimanufactures
Steel castings:
Shipments total
short tons
140, 843
For sale, total
do
107, 622
23, 594
Railway specialties
do
Steel forgings (for sale):
552.4
Orders, unfilled
thous. of short tons
148.8
Shipments, total
do
110.1
Drop and upset
do
38.6
Press and open hammer
do
Steel ingots and steel for castings:
9,882
Production
.. _ do
96
Percent of capacity t
Prices, wholesale:
Composite, finished steel
dol. per lb_.
.0580
Steel billets, rerolling, carbon, f. o. b. mill
dol. per short ton..
78.50
Structural shapes (carbon), f. o. b. mill. . dol. per lb._ .0487
Steel scrap, No. 1, heavy melting (Pittsburgh)
dol. per long ton_.
43.50
117, 984 '159,831 P155, 046
96, 350 127, 001
19, 833
32, 965
P 121. 5
' 10, 423 P ! 1,032
101
99
.0627
' 54. 00 p 58. 50
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale) :
2,536
2,322
2,502
2,334
2.266
2,126
1,741
2,278
1,910
2,377
2,146
1,871
1,840
Orders unfilled end of month
thousands
2,379
2,294
2,659
1,731
2,469
2,035
2,032
2,251
2,075
2,042
1,940
2,185
1,983
Shipments
do
57
59
69
65
65
68
74
65
69
61
68
78
69
Stocks end of month
do
Cans, metal, shipments (in terms of steel consumed),
511,388 501, 431 252, 658 270, 751 289, 577 295, 970 338, 536 480, 301 335, 538 405, 082 448,559 '594,771 533, 264
total for sale and own use
short tons
355, 685 343, 742 150, 276 156, 539 171, 309 175, 092 193, 360 321, 524 182, 338 224, 296 266,366 '419,818 392, 1 61
Food
do
155, 703 157, 689 102, 382 114,212 118,268 120, 878 145, 176 158, 777 153, 200 180, 786 182,193 '174,953 141, 103
Nonfood
do
443. 322 445, 325 212, 913 230, 631 243, 842 250, 723 288, 099 422, 924 278, 287 345, 429 396,181 '531,895 458, 042
Shipments for sale
do
1,390
1,594
1,495
1,493
1,591
1,368
1, 533
1,454
1,505
1,421
1,413
1,347
1,357
Closures (for glass containers) production millions
26,662 26, 434 26, 338 24, 192 29, 405 29, 328 34, 369 37, 619 23, 862 20, 566 24, 548 24,870 18, 883
Crowns, production
thousand gross
r
1
3 T()tal for Ju ly-Augus t.
2 As of Jan. 1, 19£ 6.
Revised.
*> Preliminary.
Total for January -March.
§ Beginning 1956, data (compiled jointly by The Lak e Superior Iron Ore Association and Am erican Iro n and Stee I Institute ) reflect in creased c()verage of approxirr ately 70 1 J. S. and Canadian
furnaces. Also, some U. S. ore previously reported as h eld on La ke Erie dc cks is novv includec in stocks at furnac e yards, a nd certairi small st(3cks of on;, not fullif reportec in earlier data, are
cf Revision s for 1954 jippear in 1;he June 1 956 SUE vi Y and for 1955 in th 3 October 1956 issue , p. S-35.
now more accurately represented. Comparable figures f or earlier ; aeriods ar(3 not avail able.
JFor 1956, percent of capacity is calculated on annu al capacit y as of Ja nuary 1, 1956, of 12J3,363,090 t Dns of stec 1; for 1955 , data are based on capacity as of Janu ary 1, 1955 (125,828,310 tons).
NOTE FOR STEEL PRODUCTS, p. S-33.— D£ita for secaifinished products comprise ingots, b looms, sla bs, billets , etc., skc;lp, and vrire rods (formerly included with wire and wire
products); rails and accessories include wheels and axle 3. Monttily data fc r 1950-54 and annu al shipme]tits beginrling 1933 cm the rev ised basis will be sr own later
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SUEVEY OF CURKENT BUSINESS
1955
Septem- October Novem- December
ber
ber
S-33
1956
January
February
March
April
May
June
July
October
August September
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments:§
Total (all grades)
thous of short tons
8,078
5,540
7.058
7,378
1,289
7,248
7,217
7,581
7,784
7,765
7,588
7,468
8,256
Semifinished products
do
414
367
429
417
3291
435
400
416
393
417
447
387
Structural shapes (heavy) , steel piling
do
459
3472
543
470
461
538
485
479
516
467
525
478
Plates
do
619
754
747
639
641
3631
607
678
712
695
650
707
146
Rails and accessories
do
203
3
152
211
171
160
202
180
223
233
206
238
1,092
3 1, 052
1,124
Bars and tool steel, total
do
1,288
1,128
1,197
1,189
1,165
1,284
1,209
1,267
1,215
739
814
834
756
Bars: Hot rolled (incl. light shapes)
do
826
3645
758
809
853
801
818
877
Reinforcing
do
194
202
234
186
194
275
182
174
3238
230
228
217
Cold
finished
do
158
3
152
125
174
165
171
176
171
171
178
178
167
Pipe and tubing..
. _
do
884
3857
831
873
877
872
1,000
885
914
1,055
879
952
Wire and wire products
do
361
332
3339
342
339
361
364
457
353
408
375
395
Tin mill products (incl. black plate)
_ _ do
676
3544
539
363
367
390
625
553
485
555
787
798
Sheets and strip (incl. electrical), total
do
2,713
3 2, 492
2,843
2,787
2,353
2,739
2,796
2,988
2,777
2, 855
2,655
2,910
Sheets: Hot rolled.
do
768
3709
705
834
788
794
887
816
844
800
798
853
1,262
Cold rolled (incl. enameling)
do
1,312
31,100
1,318
1,395
1,046
1,271
1,191
1,268
1,277
1,310
1,327
NONFERROUS METALS AND PRODUCTS*
Aluminum:
92, 406 132, 316
Production, primary, domestic
short tons
130, 606 134, 655 133, 689 140, 748 140, 394 132, 763 145, 895 144, 726 150, 800 145, 726 151, 624
Estimated recovery from scrap©
do
30, 681
32, 092
31, 785
32, 283
30, 389
28, 576
29, 154
26, 740
26, 258
32, 261
31, 468
31, 117
Imports (general):
14, 416
Metal and alloys, crude
_.
do
12, 183
18, 810
10, 235
10, 247
13, 572
15, 423
25, 924
12, 697
19,217
16, 796
13, 496
Plates, sheets, etc
do
2,038
2,216
2,689
1,731
2,900
1, 501
2,313
2,185
1,898
1, 657
2,765
2,425
.2710
Price, primary ingot, 99%+
_ dol. per Ib
.2440
.2671
.2440
.2440
.2440
.2590
.2710
.2590
.2590
.2440
.2590
.2440
.2458
Aluminum shipments:
Mill products and pig and ingot (net)
mil. of Ib-.. 344.5
343.1
332.2 r 354. 7
319.0
353.2
356.8
347.9
377.6
367.3
355. 5
390.6
Mill products, total
do
241.8
248.8
217.9
264.4
240.4 r 247. 9
245.5
243.6
260.6
241.0
251.8
279.1
Plate and sheet
_
do
134.5
138.3
134. 1
132. 5
104.3
137.1
138.4
139.6
143.9
147.6
142.0
156.0
CastingsA
_.
do
'66.7
'71.7
58.2
61.5
'74.6
'74.8
73.1
67.9
53.0
74.2
65.8
73.8
Copper:
Production:
Mine, recoverable copper
short tons r 90, 424 r 92, 616 r 92, 087 r 92, 444
86, 195
94, 934 r 80, 615 r 92, 078
99, 664
89, 182
94, 519
95, 610
97, 943
Refinery, primary
do
129,791 127, 537 123,095 135,675 117, 631 121,916 125,032 123, 344 133, 135 125, 760 107, 565 109, 726 108, 789
From domestic ores
. do
97, 234
83, 583
82, 727
94, 218
99, 349
90, 051
81,814
94, 876
94, 943
98, 008
93, 252
91, 071
97, 040
From foreign ores
do
32, 557
26, 143
33. 319
26, 062
35, 709
28, 219
36, 326
35, 127
25, 751
24, 379
30, 845 27, 992
28, 401
Secondary, recovered as refined
_ do
21, 328
22, 665
19,088
17, 383
19, 224
24, 318
25, 780
22, 071
21, 063
21, 827
24, 491
14, 349
25, 932
Imports (general):
Refined, unref., scrap© © _ _ . .. ..
do
63, 663
52, 500
52, 992
57, 114
52, 446
49, 324 ' 57, 978 47, 883
58, 050
32, 195
48, 674
44, 170
47, 881
Refined
do
23, 859
13, 697
17, 373
21, 120
14, 683
16, 782
20, 682
15, 994
20, 876
18, 183
19, 443
16, 687
13, 458
Exports:
1
1
1
Refined, scrap, brass and bronze ingots©
do
22, 294
20, 405
23, 645
27, 277
19, 142
19,340
18, 554
21, 659
21, 686 i 18,040 i 30, 303 1 17, 703 16, 031
Refined
do
18,615
22, 025
15, 831
23, 922
18, 167
16, 434
14, 728
9,251
13, 422
15, 147
13, 319
16,076
12,115
Consumption, refined (by mills, etc.)
do
126, 772 151, 490 148, 835 154, 852 150, 392 143,022 151,070 149, 803 148, 557 129, 631
81, 482 P125, 478 Pll6, 116
Stocks, refined, end of month, total
do
153, 738 151, 238 156,801 164, 192 139, 662 142, 897 149, 390 161, 225 164, 055 181, 233 239,113 ^234, 346 »217, 869
Fabricators' _ ._
_ .
do
102, 742 106, 185 112, 897 114, 634
96, 405 104, 972 102, 272 108, 496 114, 888 129, 095 155,068 »145, 074 ^131, 680
Price, bars, electrolytic (N. Y.)
dol. per lb__
.4405
.3960
.4303
. 4506
.3862
.4296
.4348
.4553
.3963
.4459
.4616
.4081
.4375
.4673
Copper-base mill and foundry products, shipments
(quarterly) :
Brass mill products, total
mil. of Ib
521
P 461
669
570
688
Copper wire mill products©
do
345
P368
417
433
428
Brass and bronze foundry products ..
do
234
*>216
268
263
274
Lead:
Production:
Mine, recoverable lead __ _ _ _
short tons
26, 876
27, 564
25, 975
27, 959 r 30, 613
27, 802
27,318
26, 526
27, 754
31,051 29, 625 29, 848 29, 263
Secondary, estimated recoverable© _
do
36, 290
40, 980
33, 536
36, 479
38, 967
33, 094
37,629 37, 894 37, 047 38, 434 40, 429 37, 049
Imports (general), ore©, metal© ._
do
40, 794
38, 999
36 265
40, 335
43, 016
29, 982
50, 217
42, 635
28, 961
43, 950
31,811
29, 695
Consumption, total
._.
_
.do
111,500 114, 700 108, 100 104, 000 107, 800 98, 000
98, 600
85, 900 105, 900
96, 400 101, 200
96, 600
Stocks, end of month:
Producers', ore, base bullion, and in process©
122, 352 124, 811 116, 204 119, 733 117, 168 117, 531 118, 230 117, 236 123, 621 130, 561 126,960 133, 028 126,274
(ABMS)
_
short tons
Refiners' (primary), ref. and antimonial© do
29, 384
24, 146
26, 147
29, 515
44, 369
31, 034
39, 930
52, 188
48, 843
37, 706
47, 628
50, 371
Consumers', totalf
do
115, 104 110, 247 109, 525 4 121, 574 129, 133 130, 617 128, 246 131, 162 131, 243 119, 613 123, 695 114, 066
Scrap (lead-base, purchased), all consumers-do
53, 412
52, 872
53, 209 * 47. 049
55, 164
53, 116
49, 956
50, 798
53, 339
57, 637
51,949
51, 903
Price, pig, desilverized (N. Y.)
dol. per Ib
.1510
.1550
.1550
.1556
.1600
. 1615
.1600
.1600
.1600
.1600
.1600 ~~"l666~ """.1666"
.1600
Tin:
2
Production, pig, total
long tons
2,003
2, 036
2,092
2,705
1,587
1, 943
2,250
1,211
1, 694
1,935
2,012
2,075
207
Imports for consumption:
Ore©
,_
do
834
1,443
1, 966
1, 163
1,182
2, 416
679
918
2,746
1,053
1,761
1,890
Bars, pigs, etc
do
5,974
5,975
5,298
5, 010
4,482
5 367
5,224
5, 466
4,577
4,679
4, 338
4,801
Consumption, pig, total _
do
7,960
7,825
7,500
7,410
7,810
7,415
7, 390
8, 135
8, 115
7,615
4,415
7, 965
8.300
Primary
do
5,330
5,015
4,770
5,010
5, 330
5, 250
5 230
5, 045
2, 455
4,915
5, 305
5,380
5, 405
Exports, incl. reexports (metal) ©_ _ _
_ do
20
71
70
9
46
97
19
57
88
20
20
433
Stocks, pig, end of month, total
do
16, 509
17, 161
21,114
17, 448
15,411
19, 050
19, 484
18, 384
15, 222
16, 787
20, 589
16, 182
18,421
Industry
do
16, 115
16, 965
18, 830
17, 267
16, 760
18, 300
17, 845
17, 570
18, 670
16, 930
14, 900
14, 785
15, 195
Price, pig, Straits (N. Y.), prompt
dol. per Ib
.9626
.9609
1. 0776
1.0357
.9787
1. 0482
1. 0053
.9448
.9616
.9896
.9917
.9688
1. 0057
1. 0572
Zinc:
Mine production, recoverable zinc
short tons- 42, 154
41, 167
39, 555
39, 615
43, 507 M5,759
42, 671
41,019
45, 066
42, 367
44, 957
47, 438
48, 108
Imports (general):
Ores and concentrates©©.
__
do
44, 225
45, 944
42, 700
49, 249
50, 462
44, 749
55, 729
38, 093
41, 955
43, 453
39, 688
41,300
Metal (slab, blocks)©
do
18, 111
22, 031
20, 627
17, 967
14, 179
18, 651
14, 124
12, 631
17, 238
12, 178
14, 081
10, 691
Slab zinc:
1
Production (primary smelter), from domestic and
fore-ignores
_
short tons
77, 087
82, 460
85, 601
80, 602
84, 988
72, 884 r 78, 914
84, 395
80, 987
82, 638
75, 674
85, 050
Secondary (redistilled) production, total
do
6,361
6,989
7,014
6,977
5,342
5,154
5,325
5, 564
5,437 M, 166
6, 026
6,640
Consumption, fabricators', total.. _
do
91, 849
97, 940
98, 275
97, 255
96, 406
89, 762
87, 222
72, 815
77, 155
91, 782
81, 876
46, 548
Exports
do
760
684
589
151
602
1,103
671
554
647
629
1,083
413
Stocks, end of month:
Producers', smelter (AZI)
do
42, 167
43, 868
38, 058
41, 330
39, 833
40, 979
40, 038
47, 907
69, 226 102, 775 104,307 102, 165
59, 577
88, 810
Consumers'.
do
120, 262 115, 681 117,752 120, 340 122, 514 125, 171 127, 236 128, 050 119, 275 108, 557 «• 103, 988
98, 812
Price, prime Western (St. Louis)
dol. per lb__ .1293
. 1300
.1300
.1300
.1343
.1350
. 1350
.1350
. 1350
.1350
.1350
. 1350
.1350
.1350
Zinc oxide (zinc content of ore consumed) .short tons..
6,237
8,304
8,140
8,065
7, 794
8,909
9,469
8,536
7,534
5,827
5,761
7,685
8,017
r
Revised.
» Preliminary.4
1 Data for January-June 1956 exclude e xports of Drass and bronze in gots; such exports a veraged 6 8 tons per month in 1955.
' Seconda T plants Dnly.
3
For July and August.
For December 1955, da1a reflect a djustmen t of 6,400 tons of lef id transfe rred from scrap stoc ks to comsumers' st ocks of lea d.
©Basic metal content.
§ Beginning with the Mar ch 1956 Si[JRVEY, d£ita reflect regroupin g of prodijets. For changes not self-ex planatorj , see note at bottonl o f p. S-32.
*New (or substituted) series in most cases. All seri 3S (except as noted) are comp iled by tl le 17. S. I ^epartmen t of Interic r, Bureau of Mines data pric r to Augu st 1954 foi* new seri(js will be
shown later. General imports comprise imports for im mediate consumpti on plus nlaterial eiitering th e country under bemd. Alu minum— trices of a luminum ingot are as quote d by the
American Metal Market; shipments of mill products plu s pig and ingot are compiled jointly bjf the U. S . Departm ent of Cornmerce, B DSA and Bureau Ojfthe Censiis. Copp er— secomlary production, exports, consumption, and stocks of copper anc shipmen ts of mill and founc ry producits are coinpiled by BDSA. Lead— pi•oducers' stocks of ead ore a nd bullio n are com piled by
AReyised back to January 1954; Jan.-Aug. 1955 (mil. Ib.): 63.9; 66.5; 78.7; 72.9; 71.3; 67.9; 54.2; 64.0.
©Revisions for earlier months'appear in the July 1956 SURVEY.
^Beginning January 1956, data include secondary smelters' stocks of refinery shapes not included in earlier figures; for January, such stocks totaled 12,000 tons.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 19H
19 55
1956
Septem- October Novem- December
ber
ber
Janu
ary
February
April
May
June
August
July
Septem- Octob
ber
METALS AND MANUFACTURES—Continued
HEATING APPARATUS. EXCEPT ELECTRIC
Radiators and convcctors, cast iron:
Shipments
thous. of sq. ft. of radiation.
3, 320
Stocks, end of month
do
5 845
Oil burners:
107,972
Shipments
number
Stocks, end of month
do
50,174
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
number, - 238,214
7, 752
Coal and wood
_
do
Gas (incl. bungalow and combination)© - do
218, 280
Kerosene, gasoline, and fuel oil
- . . - do
12, 182
Stoves, domestic heating, shipments, total
Coal and wood _ _ . _ Gas
.
Kerosene gasoline and fuel oil
do
... .do
- do
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments total
number
Gas
'
do
Oil
doSolid fuel
do
Water heaters, gas, shipments
do.
3.115
5. 234
2,779
4, 666
1, 773
4,834
2,018
4, 866
2,236
5, 013
1,802
5,814
1,900
6, 082
1,577
6,912
1,618
7,519
1,959
6,626
2, 996
5,977
94, 689
49, 268
63, 186
49, 545
43, 308
49, 628
49, 759
55, 144
44. 697
63, 952
47, 890
73, 835
50, 798
77, 713
51, 650
80, 563
66, 498
75,128
57, 752
74, 320
85, 278
64, 527
97, 746
51,778
227, 506
6,834
208, 633
12,039
198,852
7, 053
183, 531
8, 268
167,452
6,476
152,914
8, 062
167, 435
5, 084
153,516
8, 835
192, 953
5. 039
178, 441
9, 473
194, 454
4,958
181,480
8,016
174,627
4, 572
161,322
8,733
178, 069
4,159
166,627
7, 283
179, 899
4.154
169, 539
6,206
155, 725
4,065
146, 845
4,815
206, 506
7,183
187, 484
11, 839
204, 446
5,789
190, 984
7,673
353, 820
56, 196
214, 388
83, 236
399, 454
65, 947
251, 629
81,878
303, 546
47, 447
212, 565
43, 534
137.615
18,373
90. 908
28, 334
90, 755
6, 896
57, 044
26,815
106, 293
10, 245
58, 849
37, 199
131,234
10, 636
76, 970
43, 628
125,580
14.310
71, 694
39, 576
166, 167
18,511
99, 159
48, 497
206, 637
24. 269
132, 474
49, 894
280, 617
32, 832
183, 315
64, 470
348, 645
54, 526
215, 861
78, 258
347, 688
58, 212
195, 533
93, 943
164,154
101,828
54, 105
8,221
224, 027
150.331
94, 368
47, 660
8,303
218, 521
120,948
77, 427
37, 202
6, 319
184, 761
79, 728
52, 734
23, 623
3,371
175, 173
87, 497
56, 782
27, 859
2,856
224. 004
78, 906
51, 025
25, 417
2, 464
246, 098
84, 882
56, 527
26, 280
2, 075
254. 786
84, 992
57, 390
25,311
2,291
230, 056
93, 590
63, 751
26, 585
3, 254
231, 388
104, 167
70, 204
30, 434
3,529
236, 758
111,614
71, 962
34, 770
4,882
226, 532
1 59, 704 154,509
99,712
94,845
52, 873
51, 638
7,119 '
8, 026
237, 962 : 217,277
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans new orders
thous of dol
Unit heater group, new orders
. ...
do
Foundry equipment (new), new orders, net
mo. avg. shipments, 1947-49 = 100. .
Furnaces, industrial, new orders, net:
Electric processing
thous. of dol .
Fuel-fired (except for hot rolling steel)
do Industrial trucks (electric), shipments:
Hand (motorized)*
number
R ider-type
do
Industrial trucks and tractors (gasoline-powered), shipments*
numberMachine tools (metal-cutting types):© A
NTew orders (net) total
mil. of dol
Domestic
do
Shipments, total
-- do
Domestic
do
Estimated backlog
months
Pumps (steam, power, centrifugal and rotary), new
orders
thous of dol
Tractors (except contractors' off-highway and garden) : A
Shipments total
thous of dol
Wheel-type
do
Tracklaving
- . do. .
58 170
18. 228
156.7
64 785
16,954
47, 139
19. 485
108. 6
154.4
183.9
195. 6
--
135. 2
1 52. 7
169. 0
75, 099
20, 117
-
|
207.0
156. 7
110.3
1, 089
2, 726
682
512
964
6, 579
1. 532
7,061
1,543
4, 131
2, 188
8. 191
2, 102
6,189
1,768
9. 770
2,221
3, 526
1,924
f>, 182
2,035
1,178
2, 555
1,432
670
441
650
449
636
441
638
520
570
409
603
491
671
503
624
503
719
520
702
533
188.3 I
114.7
3. 2(53 !
2, 988
1,410
1,007
554
374
577
442
2, 463
2, 569
2,684
2, 333
1.777
1,765
2,170
2,232
2, 254
2,141
2, 725
2,137
58. 35
53. 40
57. 80
51.10
5.6
99. 1 5
92.70
60. 40
53. 60
6.1
124. 25
117.75
63. 35
56. 70
6.7
151.30
137.40
70.30
64. 40
7.6
109. 55
96. 70
54. 60
49.40
8.4
81.30
72. 35
64. 60
58. 70
8. 5
89. 50
80. 05
74. 15
67. 85
8.6
79.30
74. 00
71.80
65. 00
8.4
87.10
79. 45
76.80
70. 50
8.2
61.85
55. 65
76. 25
69. 55
7.8
61.90
55. 25
65. 15
60. 70
7.8
r 87. 50
' 78. 25
75. 10
' 69. 00
7.7
p 79. 55
P 69. 90
p " l . 15
p 65. 40
P7. 7
63, 321
24, 556
38, 765
63, 231
29, 656
33, 575
2,141
5, 664
7, 048
5, 249
7, 624
8, 094
7, 735
8 987
8 865
9 903
59, 140
29 736
29, 404
81,728
42, 589
39,139
67. 355
33, 288
34, 067
77, 61 1
39, 321
38. 290
79. 375
44. 026
35, 349
79. 526
42. 795
36, 731
86, 767
44. 244
42, 523
92, 794
42, 996
49, 798
81,342
34, 054
47, 292
71, 849
27, 042
44, 807
1
57, 283
20, 840 i
36, 443
1 , 332
1,715
1,760
2, 121
- 3 2, 532
3 2, 675
153
148
167
152
168
248.3
326.0
340.2
315.2
1,060.2 1 1,073. 8
259.8
380. 2
566. 7
320. 3
276. 9
373. 9
402.6
990.8 'U,319.2 M,342^
336.9
612.9
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
1 , 305
2, 556
2, 627
2, 005
3, 039
thousands
3, 039 i
Household electrical appliances:
145
146
M51
140
162
166
Refrigeration, output (seas, adj.)*
1947-49=100
Vacuum cleaners (standard type), sales billed
286. 4
302. 2
349. 7
thousands
307. 3
243. 5
306. 5
405. 6
393. 7
362. 3
414. 9
361.3 1 357. 5
Washers, domestic sales billed
_ .. . do.
1,694. 7 1,078.6 1..093. 5
1.242.1 1,396.6 1,487.9
Radio sets, production §
._
..-..
do
Television sets (incl. combination), product ion §
588. 3
576. 3
759. 7
thousands 1 ' 939. 5
631. 7 ; i 604. 6
Insulating materials and related products:
Insulating materials, sales billed, index
155. 2 ;
159.0
163. 0
156.4
1 60. 2
1947-19 =100. ! 155.7
Vulcanized fiber products:
4. 567
4. 409 I
4. 651
4, 678 I
4,607 ;
3. 818
Consumption of fiber paper.
thous. of Ib
2, 1 36
2,248
1 . 847
1,914 \
1,776 !
1, 639
Shipments of vulcanized productsc? thous. of dol
32, 877
27, 432
31.052
29, 682 j 32,216 i 29, 522
Steel conduit (rigid), shipments
thous. of ft
Motors and generators, quarterly:
207. 7
N ew orders, index
1 947-49= 1 00.
Polyphase induction motors, 1-200 hp:1j
New orders
thous of dol ;i 49 969
Billings
do
10 578
Direct current motors and generators, 1-200 hp:^
j
N^ew orders
thous of dol
9 9fiO i
: 7, 220
Billings
do
|
I
1,313 !
153 !
1
395. 7
405. 7 i
1 , 360. 1
1
160
352. 9
324. 2
993. 0
549. 6
680. 0
1
467. 9
553. 0
- i 894. 2
P 822. 0
|
168.0
163.0
158.0
156. 0
117.0
153.0
4, 981
2, 234
34, 743
4,792
2,338
37, 840 i
4, 900
2, 050
43, 495
4,804
1,903
54, 144
3, 540
1, 450
42. 513
4. 829
1, 930
30, 344
i
201.6
294 0
253. 0
:
i
47, 303
41
fi$9
53. 266
46, 766
61,186
51, 572
1
12 086
9, 838
I
11,509
8, 883
i
!
12, 528
11.321
4, 158
1,694
28, 700
2 16, 198 : 2 19, 734
2
4,886 ; 23,611
1
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2, 099
2, 671
3,(
2,442
1,869
1,925
2, 029
2, 334
2. 233
2, 522
2, 712
2, 258
2, 400
2, 468
Production|
thous. of short tons
Stocks in producers' storage yards, end of month
529
514
282
331
371
425
555
433
886
431
720
942
966
thous. of short tons..
465
405
334
359
231
244
390
331
418
374
331
302
Exports
do
Prices:
25.89
26.21
26. 23
25. 74
25.99
26.88
26. 88
26. 88
25. 96
26. 37
25. 18
25. 51
24. 63
Retail, composite
dol. per short ton..
12. 880 P 13. 062
12. 460 12. 880
12. 450
14. 124
12. 460
14. 124
14. 124
13. 324
13. 261
13. 640
12. 524
Wholesale, chestnut, f. o. b. car at mine.- do
r
3
Revised.
* Preliminary.
' Represents 5 weeks' production.
2 Data for month shown.
Adjusted to the 1954 Census of Manufactures; earlier data will be revised later.
©Beginning January 1956, date are estimated industry totals compiled by Gas Appliance Manufacturers' Association from reports of manufacturers whose shipments represent 80 to 9te
percent of those for the industry.
©Comparable data back to 1945 are available upon request.
A Differs from series shown in 1955 edition of BUSINESS STATISTICS.
*New series. Data for trucks and tractors, compiled by the Industrial Truck Association, are available beginning January 1955. The refrigeration index, compiled by the Board of Gcvtrnon
nyfthe Federal Reserve Systern, reflects changes in total output of refrigerators, freezers, room air conditioners, and dehumidiners; data are available beginning January 1947.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for September and December 1955 and March,
June,1 and September 1956 cover 5 weeks; other months, 4 weeks.
JRevisions for 1954 and January-April 1955 are available upon request.
c? Date for January-April 1956 include shipments of hollow ware (averaging $189,000 per month in 1955); in otlvr months, such shipments are excluded.
IData
for
polyphase
induction
motors
cover
about
33
or
34
companies;
for direct current motors and generators, about 26 or 27 companies.
SURVEY OF CUREENT BUSINESS
November 1956
>( her wise stated, statistics through 1954 and
>tive notes are shown in the 1955 edition of
>JESS STATISTICS
S-35
1955
1956
DecemSeptemOctober'
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous:
Production
thous of short tons
Industrial consumption and retail deliveries, total t
thous. of short tons
Industrial consumption, total J
do
Electric-power utilities
do
Coke ovens
_ _ d o ...
Beehive coke ovens
do
Steel and rolling mills . ...
do
Cement mills
_
do
Other industrials-. _ ._
_
do
Railroads (class I)
.
Bunker fuel (foreign trade)
Retail-dealer deliveries
40 807
41, 825
43, 627
45, 749
45, 505
42, 575
43 150
40 040
44, 010
39, 440
30, 375 ' 44, 050 40 320
34, 850
30, 539
11,783
8,858
268
364
703
7, 283
37, 533
32, 713
12, 382
9,151
291
407
732
8,339
40, 581
34, 387
13, 026
9,020
315
486
768
9,281
45, 403
37, 506
14, 482
9,432
373
575
871
10, 265
45, 473
37, 592
14, 936
9.450
409
565
848
10, 019
41, 221
34, 231
13,181
8,821
396
520
753
9,358
41,121
35, 124
13, 101
9,424
437
533
789
9,629
36, 086
31, 900
11,709
9, 066
413
465
737
8,377
34, 475
31, 499
11, 787
9,168
420
400
768
7,866
31, 867
29, 862
12, 065
8,485
354
376
748
6,906
24, 600 ' 32, 359 33, 339
22, 649 r 29, 557
30, 144
11, 750
12, 907
12, 175
3,130
7,783
8, 906
r
189
93
275
142
333
358
764
766
809
6,004
6,652
6, 645
do ._
do
1,228
52
1,351
60
1,435
56
1,486
22
1,362
3
1,197
5
1,206
5
1,093
40
1,028
62
865
63
709
57
do
4,311
4,820
6,194
7,897
7,881
6 990
5,997
4 186
2 976
2,005
1,951
71, 700
70, 443
39, 872
13, 993
580
1,289
13, 556
1,153
71, 747
70, 516
40, 208
13, 892
570
1,304
13, 420
1,122
70, 325
69, 211
39, 720
13,604
527
1,342
12, 923
1,095
68,423
67, 425
38, 228
13, 342
576
1,270
12, 922
1,087
65, 797
64, 852
36, 442
12, 562
579
1,132
13, 064
1,073
65, 261
64, 394
36, 171
12, 342
551
1,050
13 286
994
65, 847
65, 194
36, 633
12, 840
534
986
13, 259
942
67, 237
66, 536
37, 870
12 865
548
1 007
13 339
907
71, 796
70, 965
40, 223
13, 606
569
1,100
14 573
894
73, 678
72, 695
41, 236
14, 005
556
1,185
14, 733
980
701
831
983
1, 078
1 160
6,567
7,656
15. 45
Stocks, industrial and retail dealers', end of month,
total
_ __
_
thous. of short tons.
Industrial, total
do
Electric-power utilities
do
Coke ovens
._
do
Steel and rolling mills
do
Cement mills_
. .
do .
Other industrials
do
Railroads (class I) ...
_ . do
_.
1,257
1,231
1,114
998
945
867
653
Exports..
_
do
Prices:
Retail, composite
dol. per short ton__
Wholesale:
Screenings, indust. use, f. o. b. car at mine.. do
Large domestic sizes, f. o. b. car at mine__do
5,444
5,534
4,656
4,340
4,189
3,825
3,935
5 366
5,898
6,570
Retail dealers
_
do
COKE
P reduction:
Beehive
thous. of short tons. .
Oven (byproduct).
. .
_„
do _
Petroleum coke 9
do
Stocks, end of month:
Oven-coke plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke ..
.
_ do
Exports
.
do
Price, beehive, Connellsville (furnace)
dol. per short ton__
868
59
916
60
2,802
3 195
71, 489 r 74, 312
70, 411 r 73, 152
41, 186
43,011
13, 101
13, 369
553 r 538
1,267
1 362
13 343
13 943
929
961
76, 025
74, 953
44, 564
13, 521
524
1 406
14 022
916
r
1 072
15.25
15.40
15.43
15.46
15.55
15 56
15 57
15 57
15 25
15 26
15. 31
4.737
7.104
4.706
7.166
4.722
7.187
4.727
7.204
4.732
7.233
4.731
7.229
4.779
7.071
5.045
6.576
5.056
6.620
5.057
6.735
5.051
6.795
' 162
6, 245
417
179
6,452
473
189
6, 357
519
225
6,640
536
260
6, 661
531
246
6 235
499
271
6 625
523
253
6 380
454
258
6 467
495
216
6,020
538
49
2,253
552
5 496
535
r 119
167
6 292
1, 975
1 291
684
361
45
1,782
1 240
542
330
48
1,748
1 319
429
307
58
1,697
1 386
311
305
53
1, 649
1 433
215
321
63
1 635
1 479
155
333
45
1 674
1 535
139
344
52
1 743
1 567
176
347
40
1 888
1 650
' 238
344
52
1 939
1 644
' 295
342
63
2 635
2 186
449
355
36
2 963
9 437
526
341
69
2 810
2 303
' 507
13.63
13.63
13.63
13.88
14.13
14.13
14.13
14.13
14. 13
14.13
14.13
14.35
14.50
2,746
201, 919
91
224, 478
2,473
211, 770
90
231,411
2,598
210, 406
93
230, 758
2,512
221, 804
93
240, 634
2,643
223, 160
95
218, 721
2 533
209, 027
95
233, 374
2 502
225, 625
93
245, 340
2 646
214, 386
88
224 623
2 977
218, 976
93
244 784
2,574
212, 997
95
242, 119
2 680
219, 805
94
248, 439
2 995
223, 046
94
247 851
256, 269
67, 887
168, 344
20, 038
259, 201
67, 823
171, 247
20, 131
260, 707
65, 095
175, 427
20, 185
265, 610
66, 852
178, 771
19, 987
261, 592
67, 940
173, 383
20, 269
259, 504
68 516
171,050
19 938
265,
70
175,
19
683
152
704
827
277, 121
72 209
184, 807
20 105
277, 497
70 706
186, 113
20 678
274,
67
185,
20
277,
70
185,
20
279,
71
187!
20
870
25, 165
2.82
871
25, 502
2.82
872
26,786
2.82
1,040
27, 891
2.82
994
25, 732
2.82
501
24 906
2.82
1 155
28 737
2.82
610
26 244
2 82
1 236
30' 325
2 82
866
30 045
2 82
748
34 041
2 82
1 179
31 602
2 82
54 666
39 879
59 617
41 674
55 622
37' ?91
56 045
37 (jig
51 387
33 892
51 665
35 609
52 640
32 951
54 775
33 037
57 007
33 823
83, 910
60 538
83, 741
59 673
69 165
54 412
65 631
52 493
46 588
46 470
38 300
43 505
33 469
39 889
31 490
36 144
33 033
39 422
8,554
9 007
6 777
8,221
8 798
6 292
7 095
8 231
5 611
6 224
8 4249
6 64
5 758
8 118
6 408
4 468
8 126
6 940
4 615
7 857
7 034
4 323
7 g42
6 957
111,333
39 174
80 141
38 247
71 335
35 673
60 846
32? 984
63 571
32 740
75 9°8
36 607
93 758
39 073
115 c787
43 )58
137 905
46 617
1 559
2 088
1 516
1 146
1 770
1 264
1 574
1 346
2 395
1 685
1 312
1 819
1 544
2 108
1 720
2 155
2 094
2 170
.103
1 80
.106
1 95
.106
2 00
.106
2 00
.106
9 00
.106
o oo
.106
2 00
.106
2 00
.106
2 00
12, 028
18 602
26 770
92
11,940
17 426
21 310
176
11 165
13 830
18 712
53
10 590
12 140
17 215
83
8 978
7 960
18 227
' 134
9 058
s' 170
21 883
'325
8 704
4 364
26 111 ;
209 '
9 170
6 21 '}
28 c)90
180 '
.108
.111
.111
.111
.111
.111 '
r
47 880
15 74
' 5. 083 " 5. 088
r 6. 987 *» 7. 129
14.50
PETROLEUM AN 7 D PRODUCTS
Crude petroleum:
Wells completed - number
Production &
thous. of bbl
Re finery operations
percent of capacityConsumption (runs to stills)
thous. of bbl
Stocks, end of month:
Gasoline-bearing in U. S., total
do ...
At refineries- _ _ . _
_. .
._
do
A t tank farms and in pipelines
...do
On leases-.
_.
do
Exports
,
_. .
Imports
Prici (Oklahoma-Kansas) at wells
__._
do
do _ _ _
. dol. per bbl
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous. of bbl
48, 557
49, 934
50 347
Residual fuel oil
do
31,815
34, 821
36, 412
Domestic demand: cf
Distillate fuel oil
do
37, 290
38, 848
59, 700
Residual fuel oil
do
42, 583
37, 866
51, 219
Consumption by type of consumer:
Electric-power plants
. _
do
5,182
6,038
7,106
Railways (class I)
do
8, 330
8,456
8,688
Vessels (bunker oil)
do
6,755
6 455
7,061
Stocks, end of month:
Distillate fuel oil
..
do
143, 248 152, 288 141, 808
Residual fuel oil
do
46, 267
47, 040
44 071
Exports:
Distillate fuel oiL,
..
..
do
2,195
2,283
1,427
Residual fuel oil
do
2,200
1,884
1 456
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per gal. .
.103
.098
.098
Residual (Okla., No. 6 fuel)
dol. per bbl
1.75
1 75
1 75
Kerosene:
Production
thous. of bbl..
8,270
9,391
10, 055
Domestic demanded- _ _
_.do
7,036
9,087
13, 473
Stocks, end of month
do
36 361
36 705
33 283
Exports
do
144
93
93
Price, wholesale, bulk lots (New York Harbor)
dol. per gaL-'
.108
.103
.103
r
Revised.
v Preliminary.
{Revised (effective with the October 1955 SURVEY) to include bunker fuel.
9 Includes nonrnarketable catalyst coke.
•j? Revisions for 1954 are available and will be published later.
.111 1
491
805
882
804
008
297
831
880
. Ill
944
995
123
826
5 177
8 326 j
7 319
P 2 82
5 20*?
I'l
fj<-}()
r' . 106
P 2 00
9 716
6 850
31 896
on
. Ill
p .111
. ._
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 1956
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
July
June
August
Septem- October
ber
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Lubricants:
Production
thous. ofbbl
4,526
3,572
Domestic demand 9 - - do
Stocks, refinery, end of month
___ _ do _ _
8,291
Exports
do
1,143
Price, wholesale, bright stock (midcontinent, f. o. b.
Tulsa) .
dol. per gal
.190
Motor fuel:
Gasoline (including aviation) :
113,527
Production, total 9 -— --thous. ofbbl
Gasoline and naphtha from crudf oil
do
100, 259
Natural -gas liquids:
Used at refineries (inch benzol)
do
10, 614
2 654
Used in other Baseline blends etc 9
do
5,115
3,713
8,433
1,024
4,693
3, 150
8,763
1,155
4,985
3,512
9,167
1,011
4,536
3,415
9,309
921
4,996
3,478
9,646
1,120
5,108
3,767
9,725
1,208
5,164
3,981
9,542
1,295
5,010
3,599
9,754
1,127
4,749
3,717
9,694
1,028
.190
.200
.200
.200
.210
.220
.220
.220
.220
.220
118, 652
104, 839
116,009
102, 255
121,411
107, 750
121, 733
108, 247
111, 754
99, 106
118, 699
105, 518
109, 365
96, 627
119, 640
106, 115
119, 267
106, 118
123, 229
109, 338
11, 903
1 910
11, 379
2 375
11, 479
2 182
10, 883
2 603
9,507
3 141
10, 240
2 941
10, 092
2 646
10, 323
3 202
10. 273
2 876
10, 863
3,028
do
113,379
112, 558
109, 212
111,034
100, 642
98, 088
113, 128
113,034
124, 114
127, 413
do
do
do
do
140, 236
71 035
9,958
17 658
143, 080
73 327
10, 023
18, 144
148, 050
74 852
9,821
16 450
156, 047
85 585
9 386
13 564
172, 865
101 160
11,040
11 605
184, 554
109 772
11. 538
11 392
187, 981
110 001
11,717
12 642
182, 564
103, 410
10, 735
14, 356
174, 494
95 479
12 179
16 717
164, 826
88 640
12, 250
19 586
2 171
2,510
1 904
2 262
2 129
1 194
2 247
1,995
1 968
1 812
.110
125
.214
.110
.130
.213
.110
.130
.212
.110
130
.216
.110
.130
.214
.110
130
.213
.110
125
.214
.113
.125
.215
.118
125
.218
8,934
6.843
10, 108
6,487
9,263
7,480
10, 074
6,527
8,295
6,803
10, 035
6, 571
9,129
7,447
9,540
6, 108
8,876
6,624
10, 408
6,439
8,017
6, 245
11, 496
7.304
8,879
7,056
11,438
7,185
9,204
7,455
11, 799
7,706
4,968
5, 181
3,329
5,076
5, 136
3,229
4,754
4,786
3,197
4,464
4, 204
3,457
4,494
3,870
4,081
5, 053
4,986
4,148
5, 752
5.564
4,336
9,047
5,789
8,082
5,669
6,017
6,504
4,560
7,768
4,433
9,051
4,733
10, 608
416
561
445
535
482
536
455
551
444
538
thous. of squares
6,064
5,801
4,644
2,986
do
do
do
do
short tons
1,160
1,277
3,627
134
77, 460
1,149
1,319
3,334
144
80, 747
904
1,065
2,675
124
103 087
573
692
1,721
78
82 610
Domestic demand 9
Stocks, end of month:
Finished gasoline
At refineries
Unfinished gasoline
Natural gasoline and allied products
Exports (motor fuel gasoline jet fuel)
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol per gal
Wholesale regular grade (N Y )
do
Retail, service stations, 50 cities
do
Aviation gasoline:
Production, total _
thous. of bbl _
100-octane and above
do
Stocks end of month total
do
100-octane and above
do
Jet fuel:*
Production
do
Domestic demand
do
Stocks, end of month
do
Asphalt :O
Production
do
Stocks refinery end of month
do
Wax:O '
Production
do
Stocks refinery end of month
do
Asphalt products, shipments:
Asphalt roofing total
Roll roofing and cap sheet:
Smooth surfaced
JVEineral surfaced
Shingles all types
Asphalt sidings
Saturated felts
4,666
3,720
8,108
1,060
r
5,005
3,855
9,547
1,234
1
.240
p > , 240
125, 142
110, 474
11, 118
3,550
121, 243 126, 207
164, 590
86, 118
11, 946
21, 595
r
161, 142
84, 036
11, 797
22, 307
2, 387
1,999
.118
125
2.218
.118
125
2 .220
.118
.125
2 .216
9,367
7,123
11, 581
7,347
9.536
r
7, 151
11, 959
7,268
9,535
7,290
12, 086
7,239
9,837
7,784
11,919
7,108
4,961
5,117
4,178
6,183
5,682
4,664
5,615
5,907
4,372
5,668
5,950
4,090
5,890
5,405
4,574
5,948
12, 067
6,636
13, 187
8,072
12, 954
9,434
11, 423
10, 025
9,635
10, 571
7,680
444
566
479
517
388
502
485
550
448
566
399
566
466
577
3,188
4,624
6,157
3,951
5,499
5,757
5,800
r
626
630
1,932
83
53 945
958
902
2, 765
112
83, 527
1,199
1.230
3,728
120
98, 828
679
829
2,443
64
52, 267
895
1,189
3,415
78
77, 295
982
1, 110
3,664
95
84 895
974
1,201
3,625
101
85 332
r
r
r
P . 118
P 125
2.217
6, 166
5,724
1,117
1,419
3, 630
117
84, 120
1,033
1,464
3,227
125
78, 237
3,619
3,098
5,418
3,168
2, 815
5,772
756, 614
770, 437
498, 997
6S9, 724
690, 474
501, 122
r
2.216
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of month
Waste paper:
Receipts
Consumption
Stocks end of month
thous of cords (128 cu. ft )
do
do
2,968
2,716
4,811
2,899
2,987
4,726
2,640
2,886
4,482
3,048
2, 762
4,773
3,234
3,039
5,027
3,076
2,924
5,165
3,147
3, 106
5,203
2,707
3,010
4,899
2,838
3,147
4,586
2,989
3,012
4,567
short tons
do
do
765, 167
781, 546
398 680
808, 959
800, 758
406, 763
796, 131
780, 973
421 687
750, 842
711,936
458, 697
750, 367
765, 042
445, 724
755,915
763, 252
445 456
811, 788
811,383
446, 947
775, 057
755, 298
467, 945
800, 360
787, 483
482 817
752, 916
756 640
480 174
1 710 9
61.6
943 6
204.8
222.1
110 8
168.0
1 873 9 1 801.2
88.2
83.6
1 005. 7 983.4
213.3
232.7
236.6
244.0
116 6
108 5
186.7
175.9
1 716 2
85.3
924. 1
200.1
235.4
100 1
171.3
1 890 9
82. 8
1,019. 7
241.5
248. 1
106. 1
194.8
1 813.6
88.4
989.2
222.7
240.8
97.3
175.3
1,913 0
93.5
1,031. 1
225.1
261.5
108.8
193.1
1, 859. 5
65.8
1, 016. 1
246.2
246.0
102.0
183.4
1 954 4 1 863 9 rl 723 4 rl 908 3 1, 727 4
79.5
78.0
76.6
87.8
58 3
1, 069. 2 1 026 8
950.7
950 2 1, 056. 9
197.2
229.1
223.
9
219.1
218.0
T
264. 5
243.b
268.0
256 4
244 7
106 6
95 4
106 3
102 1 r 94 7
164.2
180.2
157. 5
178.3
194.0
WOOD PULP
Production:^
Total all grades
thous of short tons
Dissolving and special alpha
do
Sulfate
do
Sulfite
do
Groundwood
do
Defibrated or exploded
do
Soda semichem , screenings damaged etc do
Stocks, end of month:cf
Total all mills
do
Pulp mills
do
Paper and board mills
do
Nonpaper mills
do
Exports all grades, total 9
Dissolving and special alpha
All other
do
do
do _
'3, 161
2, 826
4, 894
r
r
r
T
r
650, 110
617, 505
514, 619
764.5
152. 1
520.2
92.3
770.4
157.4
514.8
98.1
771.8
151.9
517.6
102.2
762.9
131.6
526. 1
103.9
775.1
156. 1
518.3
100.7
785.9
165.2
520. 5
100.2
777.0
169. 2
502.4
105.4
780.8
181.6
493.3
105.8
797.6
190.5
504.9
102.2
813.2
200.4
518 2
100.6
' 849. 0
*r 200. 3
548. 6
100.0
57.6
19.7
37.9
41.8
15. 0
26.8
55.0
17.6
37.4
58.4
22.6
35.7
38.8
15.0
23.9
47.2
15.9
31.3
49.7
15.7
34.1
42.9
18.8
24.1
46.2
22.9
23.3
46.3
20.2
26.1
39.4
18.2
21.2
r
r
r
r
872.9
200.5
577. 5
102.1
884.9
196.4
583 7
104.9
50.2
17.4
32.8
211.9
171.9
201.6
211.3
194.1
201.2
168.7
210.3
210.6
185.6
191.1
188.0
Imports, all grades, total 9
do _
19.4
18.9
17.9
17.9
14.1
14.8
12.0
16.9
20.5
18.5
13.8
15.9
Dissolving and special alpha
do
149.4
194.0
152.9
176.3
183.7
196.5
199.3
187.1
172.1
177.2
190.0
167.0
All other
_ do _
r
Revised.
p Preliminary.
1 Effective August 1956, for "solvent refined" instead of "conventional"; August 1956 price on former basis was unchanged from July 1956.
2
Average for 54 representative cities throughout the United States; essentially comparable with data through May 1956.
9 Revisions for petroleum products (domestic demand, gasoline production, and natural gas liquids used in blends) for 1954, and wood pulp (exports and imports) for January 1954-July
1955 will be published later.
*New series. Prior to 1954, included with data for gasoline, kerosene, and distillate fuel oil; for January-July 1954 figures, see note "i" on p. S-35 of the September 1955 SURVEY and earlier
issues.
O1 Asphalt—5.5 bbl.=l short ton; wax—1 bbl.=280 Ib.
cr Effective with the October 1955 SURVEY, data as compiled by the Bureau of the Census have been substituted for those from the United States Pulp Producers Association.
SURVEY OF CURRENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-37
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
July
June
August
Septem- October
ber
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and board mills, production: f
Paper and board total
thous. of short tons
Paper
- do
Paperboard
do
Wet-machine board
do
Construction paper and board
do
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):
Orders new
thous. of short tons_
Orders unfilled, end of month
do
Production
do
Shipments
- - -do
Stocks end of month
do
Fine paper:
Order new
do
Orders unfilled, end of month _
do
Production
do
Shipments
-- do_ __
Stocks end of month
do
Printing paper:
Orders new
do
Orders unfilled end of month
do
Production
-- do
Shipments
do
Stocks end of month
- do
Price, wholesale, book paper, "A" grade, English
finish white f o b mill
dol. per 1001b__
Coarse paper:
Orders new
thous. of short tons
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
_
do
Newsprint:
Canada (incl. Newfoundland):
Production
- - do __
Shipments from mills
do. ._
Stocks at mills end of month
do
United States:
Consumption by publishers
do_ __
Production^
do
Shipments from millsj
- - do
Stocks, end of month:
At mills
- --- do
At publishers
do
In transit to publishers
do__
r
r
2, 520
1.065
1, 167
2 681
1,154
1,236
2 599
1,105
1,222
13
278
13
260
12
243
997.6
898.8
946 8
949.1
446.1
1, 034. 4
892.7
1,022.3
1,004.4
459.4
957.2
876.0
973 7
953.8
471 1
987.0
892.0
949 5
939.0
442 0
128.4
109.4
123.5
124.1
100.5
129.5
108.8
128.9
125.4
101.5
122.5
106.8
125.3
126.9
99.0
128 2
113.2
122 7
123.9
93 0
133 5
122.7
132 0
133.8
96 4
126 1
116.9
125 3
127.4
93 2
149 8
131.9
144 5
144.0
96 2
137 8
133 5
135 6
136.1
99 8
144 8
143 7
141 3
142 2
100 2
338.2
435 1
325.2
323.8
156.6
357.0
441.2
337.7
340.6
153. 8
340.0
438 2
333.6
335.7
151 6
361.7
465 3
330 2
329.5
152 3
390 5
502 9
348 8
346.1
155 0
362
492
348
344
159
407
519
366
365
160
371 9
548 5
348 5
348 9
160 0
372
545
368
368
159
14.45
14.45
14 45
14 85
15 05
331.6
223 9
306.9
305.5
88.7
339.0
210.5
332.6
328.4
89.0
312.3
205 0
315.0
309 3
93.0
316 9
214 4
309.4
316 1
88.5
325 7
210 1
332.3
322 5
93.7
503.2
501.6
125.2
538.8
547.2
116.9
541 7
544.4
114 2
520 0
554.1
80 1
424.8
126 7
125.9
478.9
141 8
141.4
461 8
142 0
144.1
7.5
13
275
9.1
9.5
342 3
80.7
379 7
86.2
409.3
Importscf-- .
- . •__
do
Price, rolls, contract, delivered to principal ports
dol. per short ton.- 125. 75
Paperboard (National Paperboard Association):
Orders, new
_ -thous. of short tons._ 1, 167. 4
585 7
Orders unfilled, end of month
do
1, 192. 4
Production, total
_
__
do
97
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments§
mil sq. ft surface area
8,680
Folding paper boxes, index of value:
188.1
New orders
1947-49= 100
191.0
Shipments _
_
do
325 7
82 5
2,461
1,078
1,129
2 655
1,161
1,233
12
250
2 598
1,132
1,198
12
256
1
1
906. 1 1 885. 9
881. 7 1 891 8
11 030 6 1 Oil 0
858. 1 !857 9
i 391 o
i 401 8
9
4
8
3
5
2 761
1,206
1,252
2 643
1,163
1,200
13
290
12
268
0
7
8
8
5
7
5
0
2
8
15 05
15 05
15 05
342 2
229 2
334 9
331 8
97 8
365 7
222 1
345 6
346 7
89.5
324
215
334
334
91
523 3
502.3
101 1
514 7
501 6
114 1
552 9
534 8
132 2
518 4
508 4
142 2
550 5
551 8
141 0
419 2
131 9
131 0
402 3
139 5
140 5
397 8
130 5
132 0
446 1
149 0
147 3
461 8
138 3
136 3
8 3
361 0
97 4
7.3
360 0
112 0
58
366 1
107 2
74
366 3
103 9
9 4
342 3
93 8
5
8
1
3
2
0
3
6
4
2
«- 1 827. 6
»• i 914. 9
r
938. 2
' i 794. 1
r
i 397. 7
861.8
861.7
1 057. 1
912.3
407 5
789.0
837.0
966.0
816.0
396.0
«• * 854. 3
«• * 904. 0
1,029 4
' i 891. 5
f i 399 0
r
r
12P 9
143. 1
136 4
141 4
98 8
r
119. 1
r 143. 8
»• 118. 5
r
119. 2
r
96. 1
125 7
134.8
136 7
139.6
95 0
111 0
124.0
125 0
127.0
80 0
362 5
r
354. 1
536 4
331. 2
330. 9
159 4
346
500
369
368
160
8
8
4
6
2
321.0
496 0
336 0
329.0
167 0
15 38
15 38
v 15 38
r 531 1
r
r
357
r
357
r
T
0
8
159 1
r
r
15 27
15 05
338
213
343
342
89
2,463
1,108
1,101
12
243
«• 2, 371
1,068
r
1,043
13
277
i1 982. 1 11 890. 5 11 910. 1
929. 5
952. 8
957 7
11 066 9 11 035 2 11 057 5
914.
0
878
4
908 8
1
1
397 5 i 401 7
401 6
10
250
2,724
1, 205
1,231
13
273
2,655
1,165
1,210
13
267
2 761
1,198
1,274
r
309 7
r
300 4
r 88 3
335
179
343
343
98
0
2
4
3
9
304 0
171 0
310 0
306 0
95 0
536 4
544 5
132 9
532 5
543 1
122 2
570 4
559 3
133 3
514 0
528 7
118 5
464 1
149 0
149 6
422 4
141 9
144 4
388 8
138 5
137 3
402 5
154 3
153 5
434 9
140 6
141 1
89
348 7
98 5
6 4
376 1
112 2
7 7
449 8
102 5
8 5
518 5
114 0
80
513 0
111 8
r Igl 9
T
336 1
r 332 7
r 90 9
r 181 4
r 295 0
r 293 5
453.1
459.4
483.2
459.3
430.2
442.4
431.5
489.8
464 7
480 3
125. 75
126. 75
127. 00
129. 00
130. 25
2 130. 10
2 130. 10
2 130. 10
2 130. 10
2 130. 10
1, 203. 7 1, 195. 4
577 2
539 5
1,223 7 1, 165 4
1,155 3
584 2
1,209 1
1 303 0 1 210 7 1 282 4
547 0
535 0
557 9
1 291 1 1 184 8 1 289 5
1 120 9
418 2
1 233 5
1 076 5
464 5
992 3
1, 299. 8 1, 255. 1
591.3
654 6
1, 260. 2 1, 261. 4
102
100
8,837
189.7
194.3
1,467
1,256
90
100
8 252
7 797
7 588
7 758
191 6
189.2
185 2
180.7
195 7
164.9
189 4
189 0
1,086
1,216
717
570
147
851
615
236
1,334
1 066
100
100
98
97
8 686
7 979
8 287
232 0
186 1
206 8
166 4
197 8
185 5
1 125
912
213
47 446
109 822
51, 394
98
485 4
2
130. 10 p 2 130 10
1 176 4 1 077 6 1 312 4
410 2
490 5
418 0
1 232 8 1 073 1 1 256 5
96
77
95
89
8 315
7 196
8 950
8 124
9 234
202 8
180 0
190 2
171 4
202 8
192 0
191 5
181 3
233 1
206 9
982
798
184
956
773
183
1 053
814
239
749
569
180
988
733
255
1 417
1 166
48 342
107 324
39 789
43 638
101 748
36 694
38 353
103 301
41 195
r 46 700
r 99 668
40 367
43 623
96 162
.335
.365
.325
031
86 468
196 r 72 537
813 r!92 486
197
12 911
90 602
68 492
199 Oil
PRINTING
Book publication, total
New books
New editions
number of editions__
__ __ do_ __
do
951
783
168
211
926
160
969
247
268
251
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
longtons.. 50,963
Stocks, end of month
do
113, 185
Imports, including latex and guayule.
do
51, 159
Price, wholesale, smoked sheets (New York)
dol. per lb-_
.493
Synthetic rubber:
Production_ .Jong tons.. 83, 257
76, 375
Consumption
_
_
do
Stocks, end of month
do
136, 035
Exports
do
11,847
Reclaimed rubber:
Production
Consumption __
Stocks, end of month
do
do
do
26, 377
26, 340
27, 110
54, 995
110 795
46, 676
52, 769
103 774
50, 684
48, 377
109 530
48, 409
53, 751
111 943
59, 393
.433
.453
.470
.408
89, 060
80, 389
134 753
11, 241
91, 281
81 661
133 664
10, 890
90, 319
76 026
136 319
11, 450
93 522
78 480
141 732
loi 723
27, 947
26, 597
27, 565
29, 113
27 229
28, 473
28, 102
24 515
31, 058
50, 285
111 832
53, 862
.373
90
75
145
12
488
240
906
958
50, 040
109 974
52, 749
.345
94 389
77 888
150 995
13, 670
.323
91
74
155
13
602
682
410
261
.304
93
76
162
14
740
396
682
226
.308
85
67
171
12
296
816
196
841
88
58
188
12
.321
26 205
27 108
28 468
25 485
26 848
22 103
19 776 r 21 593
21 946
25 827
25 571
26 176
23 999
23 560
20 560
18 099 r 21 498
20 012
31, 875
31, 640
33, 326
34, 360
34, 863
35, 647
35, 703 ' 35, 512 36, 067
f Revised.
*> Preliminary.
i Beginning January 1956, data exclude estimates for "tissue paper."
2 N0t entirely comparable with data through February 1956' March 1956 orice
L
comparable with earlier prices is $130.25.
t Effective with the October 1955 SURVEY, items have been revised as follows: Construction paper (formerly included in the total for paper) is now combined with construction board:
wet-machine board was formerly included with paperboard.
^Revisions for January-December 1954, appear in the March 1956 SURVEY.
cf Revisions are as follows (units as above): October 1954, 417.8; May 1955, 447.9; June 1955, 449.8.
§Revisions for January 1953-March 1955 will be shown later.
SURVEY OF CURRENT BUSINESS
S-38
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of SeptemNovem- DecemOctober
BUSINESS STATISTICS
ber
ber
ber
November 1956
1956
January
February
March
April
May
July
June
August
Septem- October
ber
RUBBER AND RUBBER PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings :cf
Production. . . -
_ thousands-
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports
Inner tubes :d*
Production
Shipments ._
9, 125
9,555
9,603
8,478
8,979
8,897
9,193
8,834
8,986
7,930
6 741
8,050
7,800 !
8 453
3,142
5 170
140
8 117
3,495
4 460
161
8 045
4, 303
3 592
150
7 515
4,045
3 298
172
8 203
3,402
4 669
131
7 473
3,342
3 952
178
.8 627
3 466
5 034
127
9 119
3,217
5 761
141
8 880
2 770
5 980
' 130
9 289
2 533
6 627
'l29
9 298
2 833
6 319
145
8 644
2 302
6 178
163
6 952
1 553 !
5 238
162 <
do
do. _ _
14,674
137
16, 163
147
17, 727
140
18, 778
166
19 517
146
20, 933
142
21 562
106
21 132
165
21 296
141
19 947
154
17 394
137
16 794
207
17 648 |
do
_ _ do _ _ _
3,169
3,261
3,119
3,004
3, 052
2,875
2 719
2,686
2 917
3,608
2,969
2,921
3 347
2,962
3 094
2,797
3 093
2,878
2 837
3,370
2 300
3, 384
2 795
3,295
2 773 i
2,777
do
do
5 966
78
6 286
67
6 734
78
6 833
83
6 294
i 31
6 547
i 42
6 848
i 39
7 1312
47
7 1657
38
7 349
1
41
6 418
84
5 962
76
6 056
29, 498
109
31, 598
30, 055
111
33, 607
do
do
do
do
-
__
_
Stocks end of month
Exports
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, end of month:
Finished
Clinker. _ _ _ - _ .. _ _ .
. _ _ thous. ofbbl
26, 958
109
29, 887
27,924
110
28, 950
24, 894
101
21, 985
23, 075
91
17, 203
21, 440
80
1 3, 500
19, 578
78
16,093
23, 386
87
22, 471
26, 134
100
27, 324
29, 606
110
32, 087
28 771
110
32, 296
9,779
4,413
8,754
3,514
11, 664
4,236
17, 516
7,001
25, 454
10,460
28, 939
13, 873
29 868
16, 151
28, 679
15, 951
26 204
14, 222
22, 685
12, 537
brick
do.-.
plant
thous
675, 876
677, 850
656 868
637, 593
632, 714
581, 028
566 810
480, 413
565 351
434 730
536, 072
455, 350
611 058
541, 423
627, 494
624, 747
671, 629
661, 456
646 423
632, 217
29. 451
29. 736
29. 831
30.018
30 092
30. 281
30 398
30. 470
30 565
30 946
30. 946
short tons
do
182 797
187 947
171 814
171 749
174 343
157 170
163 161
117 863
155 334
120 988
157 162
155, 027
173 193
159 463
117 225
127 755
126 753
137 290
164 378
183 461
168 228
178 007
190 528
187, 421
173 770
169,118
69, 241
74 339
72, 165
73 672
69, 631
64 489
69 078
59 681
69 419
54 220
63, 373
51 331
68, 058
54 655
65, 901
58 666
64 762
61 273
60, 162
59 471
65, 113
56 753
69, 260
63 405
64, 598
55 507
11, 441
12 384
10, 735
10, 354
11 097
11,128
11 865
11, 985
12 393
12, 606
12,203
13, 290
13,162
1 1, 289
11, 300
9,920
11, 576
9 578
9,952
11, 956
10, 590
11, 887
11,971
11, 150
15, 759
10,331
thous of bbl
_
_
_
do
do _
r
r
20, 598
11, 059
r
17, 068
9, 264
r
CLAY PRODUCTS
Brick, uiiglazed:
Production
thous of standard
Shipments
_ _ _
Price, wholesale, common, composite, f. o. b.
dol. per
Clay sewer pipe, vitrified:
Production
Shipments
Structural tile, unglazed:
Production
_
Shipments
do
do
648 127
618, 630
685, 128
641, 400
r
603 572
571, 237
30 668 p 30. 668
GLASS PRODUCTS
Glass containers:
Production
thous. of gross
Shipments domestic total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit jars)
thous of gross
Beverage
Beer bottles
Piquor and wine
Medicinal and toilet
Chemical household f>nd industrial
Dairy products
Stocks, end of month
...__.._
1 755
1 355
936
1 062
853
993
1 025
1 019
1 155
1 254
1 246
2 236
1,890
3 032
3 291
2 973
3 431
2 717
2 663
2 843
2 798
3 496
3 340
3 236
5 138
2, 893
do
do
do
do
do
do
480
739
1 208
2, 722
1 024
329
411
597
1 492
2 902
1 012
' 240
471
589
1 352
2 516
846
237
708
730
1 168
3, 304
933
240
612
584
964
2 690
960
198
838
660
1 085
2,640
886
187
1 656
940
1 347
2, 932
1 010
203
808
984
1 222
2,608
963
188
936
1, 183
1 162
2,787
986
182
1 274
1,279
1 139
2,535
948
202
1 001
1, 170
924
2, 393
982
198
683
1, 262
1 342
3, 483
1 312
303
395
604
1, 172
2,309
834
234
_ .do
13, 040
14, 123
12, 700
13, 995
14, 882
14, 516
15, 549
15, 673
15, 917
16, 518
13, 685
13, 162
13, 719
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
thous of short tons
do
Calcined, production, quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined uses
short tons
Industrial uses
Building uses:
Plasters:
Ba,se-coat
All other (incl Keene's cement)
Lath
Wallboard
All other O
r
1 336
2 871
1 21?
2 780
804
2, 591
1,248
2, 846
2,402
2, 238
2, 208
2,367
761, 983
750, 171
700, 029
do
72 174
80 692
84 574
88, 369
do
do
511, 104
357 985
416, 164
317 381
354, 421
271 691
428, 1 29
356 196
771. 3
1, 175. 1
56 9
748 1
1, 241.9
55 8
719 2
1,286.0
53. 5
796.5
1,227.0
69.4
mil o f s q . f t
do
do
"
819, 437
Revised.
p Preliminary.
1 Data for January-June 1956 exclude exports of passenger-car inner tubes; such exports averaged 27,000 per month in 1955.
cf Data for 1954 for production, shipments, and stocks have been revised. Unpublished revisions (for January-May) are available upon request.
O Comprises sheathing, formboard, tile, and laminated board.
NOTE FOR MANMADE FIBERS AND MANUFACTURES, p. S-39.—Fiber production (representing complete industry coverage) is according to data compiled by Textile Economics Bureau, Inc.; the total includes production of textile glass fiber, not shown separately. Noncellul' <sic fibers cover types other than textile glass; they include acrylic, nylon (polyamide),
polyester, saran, protein, and others.
Data for in ports, exports, and for production of broad woven fabrics (industry totals) are compiled by U. S. Department of Commerce, Bureau of the Census. Manmade fabric production
comprises, in addition to items shown separately, broad woven fabrics of 100-percent glass, of saran monofilaraent, acrylic, and polyester fibers, and'of paper, etc. Silk fabric production comprises broad woven fabrics of 100-percent silk and of silk mixtures.
Statistics for 1955 are shown in the October 1956 SURVEY, p. S-38.
SUKVEY OF CURRENT BUSINESS
November 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-39
19 55
19 36
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem- October
ber
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
thous. of dozen pairs
Men's apparel, cuttings:^
Tailored garments:
Suits
thous of units
Overcoats and topcoats
_
__
do
Trousers (separate) , dress and sport
do
Shirts (woven fabrics) , dress and sport
thous. of doz _
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
Women's, misses', juniors' outerwear, cuttings:
Coats
thous of units
Dresses
do
Suits
do
Waists, blouses, and shirts __
thous. of doz _
14, 050
1
11 900
605
i 5, 640
14 287
14 585
1 684
1 716
12 228
1
12 713
13 291
12 713
10 828
11 094
11 895
10 024
12 996
12 496
1 876
'272
5,280
1 860
'288
5 664
i 2 285
1
410
1
5, 940
1 796
452
5 328
1 804
540
5 328
i i 925
i 570
1
5 760
984
308
3 792
1 860
540
4 992
i 11 935
550
i 5, 040
1
11 945
335
5, 160
400
4,944
340
5,424
1
1, 910
1,856
1,864
i 1, 890
1,924
2,060
1455
1
400
424
384
372
376
1335
1
390
328
408
380
416
2 442
21, 188
2 564
19 997
1 985
18 589
1 640
1,055
1,084
2 684
20, 607
1 449
1,092
2 384
22 230
1 916
1^063
2 521
24* 180
1 663
1,115
4,804
9,558
13, 049
1
994
930
789
1,812
1,836
i 1, 775
1,280
1,852
i 1. 905
345
i 450
328
408
308
408
i 290
i 405
208
280
292
388
i 240
i 345
2 527
26 203
1 165
1,167
1 264
26 001
599
1 004
1 323
25 229
556
1,016
2 054
21 236
864
983
2 398
16? 828
I 107
l'o33
2 948
20 807
1 150
1,318
2 527
21 028
813
983
410
1 513
5, 535
2,285
1
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings^
-thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption^
_ _ __
bales
Stocks in the United States, end of month,
total^. _ _ __
thous. of bales. .
Domestic cotton, total
_ _ _ _ _ _
-do
On farms and in transit
_
do
Public storage and compresses
. -do
Consuming establishments
do
Foreign cotton, total
do
Exports J
bales
Imports^
_
do
Prices (farm), American upland
cents per Ib
Prices, wholesale, middling, 1", average 14 markets A
cents per Ib
Cotton linters:^
Consumption
thous of bales
Production
_
do
Stocks end of month
_
do
2
13, 714
3
4
14, 373
14, 542
14, 721
760 590 '916 396
5 9 709
6
4
13 153
739 319
'1873,738
r
741, 447 '855 447
746 996
* 23, 745
* 23, 697
10, 696
r
11,829
* 1, 172
f
r
21,929
21, 872
3 768
16, 581
1 523
56
137 759
19 234
32 4
20, 938
20 878
1 646
17 561
1 671
20, 131
20 070
1 129
17 263
1 678
116, 409
23, 952
33 8
22, 865
22, 805
6 880
r
14, 598
r
1 r327
60
191 536
10, 516
32 8
158 741
18 295
31 2
77 805
12 896
30 7
99 392
18 131
31 0
15 439
1 697
56
294 657
8 618
31 6
32 5
31 9
34 3
34 2
34 8
34 8
35 2
36 2
36 5
36 4
36 4
36 4
35 3
33 0
33 1
33 2
i 148
154
1, 352
159
216
1
142
1
1 434
153
187
1 500
i 152
1
149
1 459
153
111
1 371
157
76
1 260
i 138
i 44
1 095
134
36
999
155
53
855
i 130
i 157
872
155
1 418
206
1 431
156
207
1 397
155
235
2, 405
42, 051
12, 832
49, 894
15,750
42 469
16 478
2, 637
38 430
15 871
43 328
24 367
45 106
21 371
2,734
51 124
17 739
45 535
18 734
42 507
18 944
2,610
40 429
15 508
29 189
13 615
37 625
13 884
28 91
36.4
16 4
17.3
29 78
36.4
16 6
17.5
30 24
36. 4
17 5
17.8
31 08
36.4
18 0
18.1
31 26
36. 4
18 0
18.3
30 68
36. 4
18 0
18 3
29 88
36.4
17 0
18 3
29 59
36.4
16 4
18 0
29 25
36.4
16 1
18.0
28 54
36.4
16 0
17.8
28 92
36.4
15 9
17 4
30 18
36.4
15 8
17 0
29 68
p 36. 4
P 15 7
p 16 7
30 75
.693
.978
.696
.984
701
708
.984
.988
.708
.996
713
1.000
.713
.998
708
.992
.698
.976
693
.965
686
.958
684
.958
•p 680
P954
Spindle activity (cotton system spindles) :t
Active spindles, last working day, total
thous * 20, 804 r 20 881
20 902
19 243
19 302
Consuming 100 percent cotton
do
19 352
Spindle hours operated, all fibers, total
mil. of hr.- r U2,295 ' 10, 295 10, 150
Average per working day
. _ _ _ _.._do
515
508
M92
1
9,512
Consuming 100 percent cotton
do
11,363
9 393
r
1 138. 1
144.9
Operations as percent of capacity cf.
143.0
20 988
19 440
i 11,848
474
1
10 992
i 133. 3
20 990
19 399
10,315
516
9 577
146.6
20 983
19 428
10, 347
517
9 633
147 2
20 888
19 350
12, 562
503
1
11 740
1
142 8
20 827
19 290
9, 991
500
9 324
142 2
20 796
20 492
19 276
18 954
9, 793 i 11,459
490
458
9 128 i 110 664
139.6
130 6
20 552
19 022
7,713
386
7 128
110 1
20 465
18 912
9,544
477
8 849
137.4
20 308
18 780
i 11, 436
457
1
10 678
i 131 8
439 ?
216 9
110 3
90 2
8
1,615
8
1,048
96
8 478
8 1,8 546
967
84
7 467
1, 569
1,197
660
8, 196
307 6
183 3
97 8
94 0
8
1,727
8
1, 392
329
6 926
110.6
61.0
49.6
118.9
64 0
54.9
M8
r
1
r
736 860
60
61
19, 293
19 232
1 009
16 498
1 725
61
18, 102
18, 046
r 910
721 577
713 940 1812 330
15, 981
14, 975
17, 029
15 940
14 936
16 983
652
762
609
13 895
13 203
14 664
1 124
1 393
1 557
41
38
46
361 939 343 750 237 722
5' 907
4*452
6 071
32 0
32 3
32 5
549 520
686 275 i 822 180
26, 256
14, 540
26 222
14 501
791
13 146
12 835
12' 303
875
773
34
39
134 625 423 2^7
l' 987
3 555
32 4
31 1
24, 983
24, 954
9 804
14, 272
878
29
505 019
16 169
1 131
33
COTTON MANUFACTURES
Cotton cloth:
Cotton broad -woven goods over 12 inches in width,
production, quarterly _ _
mil. of linear yd
Exports
- thous of sq vd
Imports]: _ _ _
- _ . _ _ . _ _
.do
Prices, wholesale:
Mill margins
cents per Ib
Denim, white back, 28-inch, 8 oz/yd_ .cents per yd .
Print cloth 39-inch 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded , weaving _
dol. per Ib
36/2, combed, knitting.
do
1
r
20 313!
18 83 )
9,847
4<)9
9 162
MANMADE FIBERS AND MANUFACTURES
Fiber production, quarter! v total* 9 mil. of Ib
Rayon and aco.tatc* Filament varn
do
Staple plus tow.
do
Noncellulosic (nylon, aervlic, protein, etc.)
do
Exports: Yarns and rnonofilamcnts*
thous. of lb_
Staplr, tow, and tops*..
do
Imports' Yarns and monofilaments* _ _ _
do
Staple, tow, and tops*
do
Rayon and acetate:
Stocks, producers', end of month, totaL.mil. of l b _ _
Filament varn
do
Staple (incl. tow) _ .
_____
_do
Prices, rayon yarn, viscose:
Filament, 150 denier .
dol. perlb...
S taple , 1.5 den ier O
do
Manmade broad woven fabrics:
Production, quartcrlv total*? ..thous. of linear yd Ravon and acetate (exol tire fabric)
do
Nylon and chiefly nylon mixturesdo
Exports piece woods*
thous of sq yd
SILK
426. 1
215.5
96. 9
94.3
1, 451
447.3
219 7
106 8
99.9
1,911
996
235
9, 190
8
1,566
8 1, 244
8
1.817
8
9 057
11 04?
13, 060
11, 740
2,074
858
126
9,736
73.4
47.6
25.8
77.5
48.6
28.9
78.6
49.5
29.1
86. 4
52.2
34.2
83.2
49.0
34.2
82.3
46 1
36.2
89. 6
49 5
40.1
102. 5
55 0
47.5
.830
.336
.830
.336
.830
.326
.830
. 320
.830
.326
.803
.326
.863
.316
.863
.316
16, 543
624, 119
457 996
84, 398
19 535
702
185
611,631
454 082
99. 731
16, 837
1,763
1, 018
178
16, 909
14, 934
652
479
98
13
923
015
384
804
95
14 243
1,472
101
16 335
8
8
.863
. 316
17 834
.863
.316
555, 480
407 34(>
70,417
17 696
r
1.450
1, 483
90
6 606
1,614
1,969
74
5 939
123.3
67 5
55. 8
120.8
67 0
53 8
.863
. 316
12 633
863
. 316
384
166
87
106
6
2
5
3
' 115.8
'r 63 7
5? 1
7
61 7
7
33 5
109. 4
(51 3
4S 1
P . 863
p .316
15 522
1,211
1, 058
1, 259
1,098
1,747
1 188
489
1,094
1,129
874
Imports raw
thous of Ib
1,046
1 059
4 58
4 42
4. 75
4.43
4 41
Price raw A \ 20-22 denier
dol per Ib
4 36
4 63
4 36
4 45
4 65
4 49
p 4 41
4 44
8, 696
9, 235
Production, fabric, qtrly. total*
thous. of linear yd._
9, 451
8,415
3
4
5
••Revised.
p Preliminary. 7 l Data cover a 5-week period. 8 2 Ginnings to December 13.
Ginnings to January 16.
Total ginnings of 1955 crop.
Gainings to November 1.
6
November 1 crop estimate.
Production for month shown.
Data for January-June 1956 exclude certain exports which are included for other periods: (Yarns) excludes thread and hand work yarns which averaged 24,000 Ibs. per month in 1955; (staple, etc.) excludes sliver, tops, and roving which averaged 33,000 Ibs. per month in 1955.
fData for September and December 1955 and March, June,.and September 1956 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end
of period covered.
§Total ginnings to end of month indicated, except as noted.
{Scattered revisions for 1954-July 1955 will be shown later.
AEiTective August 1, 1956, middling 1" became the base quality for spot cotton quotations, replacing middling ^le". Comparable prices for I", back to August 1951. are available upon
request.
cfThe operation rate is calculated on a 5-day, 80-hour week without any adjustment for holidays.
*New series. See descriptive note at bottom of p. S-38 for sources; data for 1955 are shown in the October 1956 SURVEY, p. S-38.
$ Includes data not shown separately.
O Quotations beginning August 1955 not strictly comparable with earlier data.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
November 19;
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
25, 018
12, 110
23 083
11, 244
24, 674
11, 424
23, 713
14,219
* 28, 303
1 1 1, 800
18,369
8,060
21, 558
7,150
18, 812
8,050
•• 24, 353
12, 145
19, 688
8,034
Septem- Octob
ber
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis) :f
i 25, 942
Apparel class
thous. of Ib
Carpet class. _ _ ._
do ___ i 13, 251
Wool imports, clean content
do
19, 404
7,729
Apparel class (dutiable), clean content
do
Wool prices, wholesale, raw, clean basis, Boston:
Territory, 64s, 70s, 80s
dol. perlb..
1.325
Bright fleece, 56s-58s
do
1.020
Australian, 64s, 70s, good topmaking, in bond_^do
1.275
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
1.844
wholesale price
dol per Ib
Woolen and worsted woven goods, except woven felts:
Production quarterly total
thous of lin yd
Apparel fabrics total
do
Other than Government orders, total
do
Men's and boys'
do
Women's and children's
do
Nonapparel fabrics total
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, men's and boys'
_
1947-49=100
Gabardine, women's and children's
do
1
1
22,695
11,572
17, 941
9,586
i 25, 988
i 13, 875
17, 602
8,754
24, 956
12, 851
29, 974
13, 112
25, 590
13, 402
29 852
12, 767
1.300
.999
1.262
1.275
.992
1.225
1.298
1.029
1.225
1.316
1.064
1.300
1.321
1.078
1.325
1.298
1.046
1.325
1.280
1.005
1.325
1.282
1.033
1.325
1.295
1.039
1.375
1.312
1.045
1.412
1.341
1.045
1.425
1.381
1.069
1.425
1.819
1.819
1.819
1.844
1 869
1.856
1.856
1.856
1.856
1.869
1.880
P 1. 891
112.9
97.3
112.9
97.3
112.9
97.3
613
1,370.4
76 662
72, 829
71, 682
33, 595
38, 087
3,833
75 893
72, 817
71,383
32, 256
39, 127
3 076
112.9
97.3
1
29, 423
i 14, 452
28, 966
14,310
23,007
11, 905
20, 978
8,342
112.9
97.3
112.9
97.3
112.9
97.3
112.1
97.3
112.1
97.3
1.4,
1.1J
1.45
89, 071
86, 194
85, 799
43, 719
42, 080
2,877
82, 738
79, 261
78, 465
39, 345
39, 120
3,477
112.9
97.3
26, 574
13, 398
112.1
97.3
113.2
97.3
113.2
97.3
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft (complete), shipments
Airframe weight
Exports cf
-
485
652.6
110
537
985.6
126
614
1,265 4
117
656
1, 200. 4
109
692
1, 219. 6
162
714
1, 354. 7
157
680
507
648
1, 445. 8 r 1.151.0 '1,581.9
129
148
150
799, 109
410
406
695, 096
667, 974
r
103, 603
86, 921
690, 253
253
242
591, 032
569, 846
98, 968
83, 752
663, 586
278
274
560, 924
536, 680
102, 384
83, 752
689, 982
434
405
583, 169
554, 761
106, 379
86, 996
654, 333
371
360
552, 881
529, 945
101, 081
82, 400
570, 486
362
304
474, 010
459, 070
96, 114
77, 593
538, 052 ••522,018
503
307
220
471
445, 758 440, 980
433, 859 429. 813
91, 791 ' 80, 731
73, 463 T 63, 044
32, 209
18, 634
13, 575
38, 608
22, 685
15, 923
33, 065
19, 090
13, 975
40. 851
23, 631
17, 220
50, 382
30, 170
20, 212
35, 329
19, 709
15, 620
33, 065
14, 717
18, 348
30, 816
13,690
17, 126
25, 869
9,339
16, 530
25, 947
7,078
18, 869
6,977
6,770
4,259
207
7,177
6,968
4,742
209
6,937
6,692
4,456
245
6,233
6,085
3,824
148
6,424
6,207
3,815
217
6,866
6,487
3,797
379
7,155
6,802
4, 165
353
7,196
6,759
3,975
437
6,979
6,538
3,725
441
5,222
4,960
2,818
262
6,018
5,668
3,273
350
4,854
4,492
2,475
362
654, 532
89, 924
576, 045
87, 262
509, 155
75, 756
630, 488
93, 733
431, 648
66, 141
447, 542
65, 478
545, 234
77, 220
564, 272
82, 699
560, 014
84, 997
539, 777
78, 501
534, 997
78, 404
568, 320
79, 831
421, 021
72, 420
3,965
2,392
1,708
1,573
4,233
2,856
2,455
1,377
3, 845
2,749
2,331
1,096
3,814
2,714
2,696
1, 100
4,199
2,981
2,981
1,218
4,883
3,154
3,152
1,729
5,989
4,366
4,326
1,623
5,967
4,152
4,128
1,815
6,723
4,549
4,493
2,174
5,607
3,318
3,261
2,289
5,370
3,143
3,117
2,227
5,525
2,944
2,783
2,581
3,458
1,835
1,821
1,623
5,6
3,7
3,7
1,9
594
583
355
350
433
424
206
204
399
390
38
38
860
851
39
39
903
884
42
42
464
443
53
53
812
784
54
54
793
764
25
25
740
720
53
44
758
737
40
36
729
715
29
22
681
672
48
43
715
700
46
42
7
6
1,702
86
51
50, 642
28 799
21 843
1,702
80
4 7
57, 410
31 294
26 116
1, 700
75
4 4
103, 685
46 947
56 738
1,694
71
4 2
135, 293
62, 996
72 297
1,696
76
4 5
131, 331
60 112
71 219
1,696
76
4 5
127,030
57 644
69 386
1,697
70
4 1
122, 095
54 391
67 704
1,699
70
4 1
119, 698
52 861
66 837
1,701
70
4 1
116, 694
51, 651
65 043
1,702
67
3.9
112, 226
49, 771
62, 455
1,704
77
4 5
109, 051
47, 955
61,096
1,704
74
4 4
106, 739
46, 246
60, 493
1,704
70
4 1
109, 079
49, 875
59, 204
1.048
16 1
1,016
16 1
1,013
16 4
997
16 8
1,074
18 6
1,069
19 2
984
18 4
925
17 8
793
16 1
772
16 8
740
16 5
721
16.6
737
17 3
816
876
906
854
835
897
859
938
885
796
849
739
737
23
40
62
29
53
41
85
88
42
52
73
57
number
thous of Ib
number
352
702.4
132
353
663.0
188
number
do
do
do
do
.. do
do
559, 962
223
198
467, 845
459, 073
91, 894
76, 851
601, 256
469
385
505, 177
491, 893
95, 610
81, 390
23, 198
9,769
13, 429
23, 389
8,855
14, 534
7,189
6,972
4,316
217
348
454.3
116
MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic
Passenger cars, total,
Domestic
Trucks, total
Domestic
_
._
Exports, total©
_
Passenger cars _. - .__
Trucks and buses©
. __ _
Truck trailers, production, totaL
Complete trailers
_ _ _ _
Vans
Trailer chassis
_
Registrations:
New passenger cars
New commercial cars
.__
_ _
do
do
do
do.. _
d o
do
do
do
do
r
860, 848
359
340
745, 993
720, 667
r
114, 496
98, 345
r
503, 276
429
397
417, 020
410, 164
85, 827
68,809
275, 555 *2493,2(
P22C
368
364
203, 888 "2397,2(
202, 159
71, 299 ?295, 7(
56, 852
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
number. _
Equipment manufacturers, total
do
Domestic
_do
Railroad shops, domestic
do
Passenger cars, equipment manufacturers:
Orders unfilled, end of month, total
do
Domestic
_. _
_ _
_ _
do
Shipments, total
do
Domestic
do
Association of American Railroads:
Freight cars (class I), end of month: §
Number ownedO
thousands
Undergoing or awaiting classified repairs do
Percent of total owned
Orders unfilled O
number
Equipment manufacturers
do
Railroad shops
do
Locomotives (class I), end of month: O
Steam, undergoing or awaiting classified repairs
number
Percent of total on line
Diesel-electric and electric: Orders, unfilled
number of power units
Exports of locomotives, total
number, _
r
1
2
Revised.
f Preliminary.
Data cover a 5-week period.
Preliminary estimate of production.
f Data for September and December 1955 and March, June, and September 1956 cover 5-week periods; other months cover 4 weeks.
cf Exports revised beginning January 1954 to include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total.
0Data beginning January 1956 include exports of "used" special-purpose vehicles not included in earlier data; exports of these types averaged 26 vehicles per month in 1955. Revisior
(number): October 1954—Total, 22,216; trucks, etc., 15,859; January 1955—total, 38,743; trucks, etc., 17,073.
§ Excludes railroad-owned private refrigerator cars.
QData beginning December 1955 reflect reclassification of reporting roads to revised ICC list of class I line-haul railroads; compara
bility with earlier data, based on ownership, is affected by less than 1 percent.
NOTE: Beginning with the October 1956 SURVEY, figures for shipments of industrial trucks and tractors will be found on p. S-34 in the Machinery and Apparatus Section.
U. S . G O V E R N M E N T P R I N T I N G O F F I C E : 1 9 5 6
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Acids
24
Advertising
8, 9
Agricultural employment
11
Agricultural loans and foreign trade
16,17,21,22
Aircraft and parts
2,12,13,14,15,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 6, 8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
11,13,14,15,34
Apparel
2,3,6,8,9,10,12,13,14,15,39
Asphalt and asphalt products
36
Automobiles
2,3,8,9,12,13,14,15,16,17, 22,40
Bakery products
2,12,13,14,15
Balance of payments
21
Banking
14,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2,6,8,12,13,14,15,27
Bituminous coal
11,13,14,15,35
Blast furnaces, steel works, etc
12,14,15
Blowers and fans
34
Bonds, issues, prices, sales, yields
17,19,20
Book publication
37
Brass and bronze
33
Brick
38
Brokers' loans and balances
16,19
Building and construction materials
8,9,10
Building costs
8
Business incorporations, new
5
Business sales and inventories
3
Butter
27
Cans (metal), closures, crowns
32
Carloadings
23
Cattle and calves
29
Cement and concrete products
6,38
Cereals and bakery products
6,12,13,14,15
Chain-store sales (11 stores and over only)
10
Cheese
27
Chemicals
2,3,4,6,12,13,14,15,19,22,24
Cigarettes and cigars
6,30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
6,38
Coal
3,6,11,13,14,15,22,23,34,35
Cocoa
22,29
Coffee
22,30
Coke
23,35
Commercial and industrial failures
5
Communications
11,13,14,15,19,20,24
Confectionery, sales
29
Construction:
Contracts awarded
,_ _
7
Costs
8
Dwelling units
7
Employment, earnings, hours, v/age rates __
11,
13,14,15
Highways and roads
7, 8,15
New construction, dollar value
1,7
Consumer credit
16,17
Consumer durables output, index
3
Consumer expenditures
1,9
Consumer price index
6
Copper
22,33
Copra and coconut oil
25
Corn
28
Cost-of-living index (see Consumer price
index)
6
Cotton, raw and manufactures
2, 5, 6, 22,39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16,17
Crops
2,5,26,28,30,39
Crude oil and natural gas
3,11,13,14,15
Currency in circulation
18
Dairy products
2,5,6,12,13,14,15,27
Debits, bank
16
Debt, United States Government
17
Department stores
9,10,11,17
Deposits, bank
16,18
Disputes, industrial
13
Distilled spirits
27
Dividend payments, rates, and yields
1,19, 20
Drug-store sales
9,10
Dwelling units, new
7
Earnings, weekly and hourly
14,15
Eating and drinking places
9,10
Eggs and poultry
2,5,29
Electric power
6,26
Electrical machinery and equipment
2,
3,6,12,13,14,15,19,22,34
Employment estimates and indexes
11,12
Employment Service activities
13
Engineering construction
7,8
Expenditures, United States Government
17
Explosives
25
Exports (see also individual commodities)
21,22
Express operations
23
Failures, industrial and commercial
5
Farm income, marketings, and prices
1,2,5,6
Farm wages
15
Fats and oils, greases
6, 25, 26
Federal Government finance
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
16
Fertilizers
6,25
Fire losses
8
Fish oils and
fish
25,30
Flaxseed
26
Flooring
31
Flour, wheat
29
Food products
2,3,4 5,
6,8, 9,10,12,13,14,15,18, 22, 27, 28, 29 ,30
Pages marked S
Foreclosures, real estate
8
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups
21,22
Foundry equipment
34
Freight carloadings
23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
5,6,22,28
Fueloil
35
Fuels
6,34,35
Furnaces
34
Furniture.
2,3,6,9,10,12,14,15,17
Furs
22
Gas, prices, customers, sales, revenues
6,27
Gasoline
9,36
Glass products
.
38
Generators and motors
34
Glycerin
.
24
Gold
._18
Government corporations and credit agencies _
17
Grains and products
5,6,22,23,28,29
Grocery stores
9,10
Gross national product
1
Gross private domestic investment
1
Gypsum and products
6, 38
Hardware stores
9
Heating apparatus
6,34
Hides and skins
6,22,30
Highways and roads
7,8,15
Hogs
29
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
39
Hotels
11,13,14,15,24
Hours of work per week
12,13
Housefurnishings
6, 8, 9,10
Household appliances and radios
3,6,9,34
Imports (see also individual commodities)
21,22
Income, personal
1
Income and employment tax receipts
17
Industrial production indexes
2,3
Installment credit
16,17
Installment sales, department stores
10
Instruments and related products__2,3,12,13,14,15
Insulating materials
34
Insurance, life
18
Interest and money rates
16
International transactions of the U. S_21, 22
Inventories, manufacturers' and trade
3,4,10,11
Iron and steel, crude and manufactures
2,
6,8,12,14,15,19,22,32,33
Kerosene
35
Labor disputes, turnover
13
Labor force
11
Lamb and mutton
29
Lard
29
Lead
33
Leather and products
2,
3,6,12,13,14,15,30,31
Linseed oil
26
Livestock
2,5,6,23,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives
40
Lubricants
36
Lumber and products
2,
3,4,6,8,9,10,12,14,15,18,31,32
Machine activity, cotton
39
Machine tools
34
Machinery
..... 2,3,4,5,6,12,14,15,19,22,34
Magazine advertising
8
Mail-order houses, sales
11
Manmade fibers and manufactures
6,39
Manufacturers' sales, inventories, orders
3,4, 5
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11,12,13,14,15
Margarine
26
Meats and meatpacking
2,5,6,12,13,14,15,29
Medical and personal care
6
Metals
2,3,4,5,6,11,12,13,14,15,19,32,33
Methanol__ .
_ ___
_
24
Milk _ _
_
___
_ _ _ _ _ _ _ _
27
Minerals and mining
2,3,11,13,14, 15, 19,20
Monetary statistics
18
Money supply
18
Mortgage loans
8,16,18
Motor carriers
23
Motor fuel
36
Motor vehicles
6, 9,19,40
Motors, electrical
34
National income and product
.
1
National parks, visitors
24
National security
1,17
Newspaper advertising
8,9
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2,6,12,14,15,19,22,33
Noninstallment credit
17
Oats
28
Oil burners
34
Oils and fats, greases
6,25,26
Orders, new and unfilled, manufacturers'
5
Ordnance
11,12,14,15
Paint and paint materials
6,26
Panama Canal traffic
23
Paper and products and pulp
2,
3,4, 6,12,13,14,15,18,36,37
Passports issued
24
Payrolls, indexes
12
Personal consumption expenditures
1,9
Personal income
1
Personal saving and disposable income
1
Pages marked S
Petroleum and products
2,
3,6,12,13,14,15,19, 22,35,36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
26
Plywood
32
Population
11
Pork
29
Postal savings
16
Poultry and eggs
2,5,29
Prices (see also individual commodities):
Consumer price index
6
Received and paid by farmers
5
Retail price indexes
6
Wholesale price indexes
6
Printing and publishing
2,3,12,13, 14,15,37
Profits, corporation
1,18,19
Public utilities
2,
6,7,11,13,14,15,18,19,20,26,27
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
7
Radiators and convectors
34
Radio and television
3,6,8,34
Railroads
2,11,12,13,14,15,19,20,23,40
Railways (local) and bus lines
11,13,14,15, 23
Rayon and acetate
39
Real estate
8,16
Receipts, United States Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)
6,9
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores
3,5.9,10,11,13,14,15,17
Rice
_.__
28
Roofing and siding, asphalt
36
Rubber (natural, synthetic, and reclaimed),
tires and tubes
6,22,37,38
Rubber products industry, production index,
sales, inventories, prices, employment, payrolls, hours, earnings
2.3, 4, 6,12,13,14,15
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
_
_ _
19
Services
1,9,11,13,14,15
Sewer pipe, clay
38
Sheep and lambs
29
Ship and boat building
12,13,14,15
Shoes and other footwear._ 6,9,10,12,13,14,15,31
Shortening
26
Silk, imports, prices, production
6,39
Silver
18
Soybeans and soybean oil
26
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel)
2,32,33
Steel scrap
32
Stocks, department stores
11
Stocks, dividends, prices, sales, yields, listings.
20
Stone, and earth minerals
3
Stone, clay, and glass products
2,
3,4,12,14,15,19,38
Stoves
34
Sugar
__ _
_
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
25
Tea
30
Telephone, telegraph, cable, and radio-telegraph carriers
11,13,14,15,20,24
Television and radio
3,6,8,34
Textiles
2,
3,4,6,12,13,14,15,18,22,39,40
Tile
_
_
38
Tin
22,33
Tires and inner tubes
6,9,10,12,13,14,15,38
Tobacco and manufactures
2,
3,4,5,6,8,12,13,14,15. 22,30
Tools, machine
34
Tractors
22,34
Trade, retail and wholesale
3,
5,9,10,11,13,14,15,17,20
Transit lines, local
23
Transportation and transportation equipment.
2,
3,4, 5, 6, 9,11,12,13,14, 15,19, 23, 24,40
Travel
24
Truck trailers
40
Trucks
2,34,40
Unemployment and compensation
11,13
United States Government bonds._ 16,17,18,19, 20
United States Government
finance
17
Utilities
2, 6, 7,11,13,14,15,19, 20, 26, 27
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
34
9,10
25,26
5,6,22,28
23
13,17
Wages and salaries
1,14,15
Washers
34
Water heaters
34
Wax
36
Wheat and wheat
flour
28,29
Wholesale price indexes
6
Wholesale trade
3,5,11,13,14,15
Wood pulp
36
Wool and wool manufactures
2,5,6,22,40
Zinc.
33
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A COMPREHENSIVE MEASURE
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