Full text of Survey of Current Business : October 1956
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OCTOBER
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1956
SURVEY
OF CURRENT
BUSINESS
DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
Atlanta 23, Ga.
50 Seventh St. NE.
Miami 32, Fla.
300 NE. First Ave.
Minneapolis 2, Minn.
Buffalo 3, N. Y.
OCTOBER 1956
Memphis 3, Term.
Boston 9, Mass.
U.S. Post Office and
Courthouse Bldg.
No. 10
New Orleans 12, La.
333 St. Charles Ave,
117 Ellicott St.
PAGE
THE BUSINESS SITUATION..
1
*
2d Ave. South and
3d St.
New York 17, N. Y.
110 E. 45th St.
2
7
*
SPECIAL ARTICLES
Cheyenne, Wyo.
307 Federal Office Bldg.
Philadelphia 7, Pa.
Chicago 6, III.
226 W. Jackson Blvd.
Phoenix, Ariz.
137 N. Second Ave.
Cincinnati 2, Ohio
442 U. S. Post Office
and Courthouse
Recent Changes in Manufacturing and Trade.
National Income and Corporate Profits
*
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
22 North Front St.
Pittsburgh 22, Pa.
Cleveland 14, Ohio
Financing Corporate Expansion in 1956
11
Major Shift by Areas in Foreign Aid in Fiscal
1956
17
1100 Chester Ave.
1015 Chestnut St.
107 Sixth St.
Portland 4, Oreg.
520 SW. Morrison St.
*
Denver 2, Colo.
142 New Customhouse
*
Reno, Nev.
1479 Wells Ave.
Richmond 19, Va.
1103 East Main St.
Detroit 26, Mich.
*
Dallas 2, Tex.
1114 Commerce St.
St. Louis 1, Mo.
Inside back cover
Published by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office of Business Economics, M. JOSEPH MEEHAN,
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Houston 2, Tex.
430 Lamar Ave.
Salt Lake City 1. Utah
222 SW. Temple St.
San Francisco 11, Calif.
555 Battery St.
Kansas City 6, Mo.
911 Walnut St.
Statistical Index
S-l to S-40
1114 Market St.
Jacksonville 1, Fla.
311 W. Monroe St.
MONTHLY BUSINESS STATISTICS
438 Federal Bldg.
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
OCTOBER 1956
By the Office of Business Economics
B
USINESS activity has continued strong into the fall
season. High consumer demands are being supported by
rising incomes, and business capital investment continues
upward. Increases in investment reflect primarily the
demand for producers' durable equipment as evidenced by
rising backlogs in durable goods industries. Private construction activity, both residential and nonresidential, was
stable in the third quarter on a seasonally adjusted basis.
A decline occurred in seasonally adjusted retail sales from
August to September, mostly due to a reduction in sales of
motor vehicle dealers, but the total for the third quarter was
above that of the second quarter. Price advances in wholesale markets were reported for many items in September.
Employment has changed mostly in accordance with
seasonal influences in the past few months. In September,
total employment was down seasonally from August, and was
1.3 million higher than a year earlier with the advance in the
past year principally in nonmanufacturing industries.
Manufacturing employment has been relatively steady during 1956. Unemployment was also seasonally lower in
September, declining to 2 million.
Factory gross hourly earnings advanced further in September to reach $2.00 per hour, with both an increase in overtime
work and higher pay scales contributing to the rise. The
advance recorded in the factory workweek from August to
September was particularly pronounced in durable goods
industries.
Personal Income
' ~ -,
J
i
81LLIONS OF DOLLARS
350
326 -
300
-
275
250
225
WAGE AND SALARY
DISBURSEMENTS
Rise in income
2OO
J25
OTHER INCOME
I DO
75
j^..j i....!.. t l.i, t I i I....) i l l I i I I . . . ' . ' . . . 1 ' I ' I 1 ' I 1 ...I.... t I.J I.
1954
195$
195$
SEASONALLY ADsJUSTED, AT ANNUAL RATES
-U- S< Deportment of Commerce, Office of Business Economics
Digitized399865°for FRASER
56 ~39*
Following the slight setback in July occasioned by the
steel strike, personal income in August rose to $328 billion
at a seasonally adjusted annual rate. This was $20 billion
higher than in the same month last year.
Since the end of 1955, the bulk of the income rise has been,
in the large wage and salary component, as shown in the
accompanying chart. In percentage terms, however, other
types of income in the aggregate have been increasing at
about the same rate as payrolls.
Private industry payrolls in August, on a seasonally corrected basis, were over 4 percent higher than last December.
Payrolls advanced during most of the months of this year
with the rise being predominantly in nonmanufacturing industries. Payrolls in the latter industries have increased by
almost 6 percent so far this year, maintaining roughly the
same rate of advance as during 1955. Manufacturing payrolls, which increased sharply throughout last year, have
risen by 2 percent since December, with most of the rise
representing higher disbursements to salaried personnel.
Among the various nonmanufacturing industries, payrolls
have risen in construction, trade, mining, finance, communications, public utilities, and services primarily because of
rising average earnings, but employment gains have also
been important, especially in construction and finance.
SURVEY OF CURRENT BUSINESS
In transportation, the rise that has occurred in payrolls
nas been attributable entirely to gains in hourly earnings,
since employment has been stable this year except for the
reduced levels in July and August which were affected by
the steel strike.
Manufacturers' payrolls
In the manufacturing sector, production worker payrolls
have been relatively stable since last December. Declines
in employment and hours worked were approximately offset
by a rise in hourly wage rates. On an industry basis, payrolls were stable in about half of the major industry groups,
with the other major groups showing divergent movements.
By far the sharpest decline over the 8-month period has
been in transportation equipment. Auto payrolls were onethird lower in August than the high point reached last December. In transportation equipment industries other than
autos, payrolls were stable through June and showed a rise
in July and August.
Payroll movements in fabricated metals and rubber were
in general downward into the summer months, reflecting
the close relationship of these industries to the auto industry. In primary metals, the steel strike in July cut
wage payments sharply but they have recovered subse-
October 1956
quently. Other industries with lower payrolls in August
than at the end of last year were textiles and leather.
Manufacturing industries showing the sharpest payroll
increase in 1956 were nonelectrical machinery, electrical
machinery, and instruments. Payrolls have also risen
significantly in paper, printing, and chemicals.
In those manufacturing industries characterized by
approximate stability in wage payments this year, such as
apparel, food, lumber, and furniture, manhours have declined
but wage rates have risen enough to offset the reduction.
Government payrolls were 3K percent higher in August
than at the end of last year, with the principal factor being
the continuing upward trend in State and local employment.
Other types of income
Among the other personal income components, dividends,
interest, and nonfarm proprietors' income have risen somewhat more percentagewise this year than payrolls.
Farm proprietors' net income advanced fractionally during
1956, following the declines of the preceding few years.
Transfer payments were generally up during this year,
with most of the increase representing the continuing rise in
old-age benefits. Unemployment benefits, after a January
rise that reflected the institution of higher average payments
in a number of states, were stable through August.
Recent Changes in Manufacturing and Trade
MANUFACTURING and trade activity continued upward this
summer. Sales of retail stores, on a seasonally adjusted
basis, reached successive new highs in July and August.
September sales were off from the August rate—primarily
reflecting lower motor vehicle sales. Factory sales recovered
from the effects of the setback in steel. The flow of new
orders to manufacturers, after declining from May to July,
rose substantially in August. Incoming business continued
to exceed the value of shipments, and the backlog of unfilled
orders rose to a point $10 billion higher than in mid-1955.
The rise in aggregate business inventories in July and
August was at a slower rate than in other recent months.
The book-value increase of $200 million in each month, after
seasonal adjustment, compared with an average monthly
increment of $600 million in the first 6 months of 1956.
A substantial part of the increase in the dollar value of
inventories this year is attributable to higher replacement
costs.
The slower rate of increase in recent months results from
the sizable drawing down of stocks of new cars and steel—
following the increase in holdings of these commodities earlier
this year. The book value of stocks at nondurable-goods
plants and trade establishments, on the other hand, has been
rising somewhat in recent months—following a long period
of relative stability in inventory investment.
For manufacturing and trade firms together, 1955-56 sales
and inventory movements have generally been similar and
stock-sales ratios have varied within a very narrow range—
about the equivalent of 1% months' sales over this period.
Within this total, the manufacturers' stock-sales ratio has
risen over the past year—from 1.6 to 1.8 months—while the
ratio in trade has remained unchanged. In both manufacturing and trade, current stock-sales ratios are lower than
in the 1952-54 period; the current ratio for retailers is about
as low as in any month since the outbreak of Korean hostilities.
POSITION OF MANUFACTURING
INDUSTRIES
Manufacturers' sales in August totaled $27% billion, only
a little higher than in August 1955; sales in the 1956 month
were still affected by the work stoppages in primary metals.
After allowance for higher prices and for the smaller amount
going into inventory this year, manufacturers' output was
little different from a year ago.
Aggregate manufacturers' sales during the past 12 months
have been generally stable except for the reduction during
the steel stoppage and the subsequent recovery. Since last
summer, however, industries such as machinery, aircraft and
petroleum have shown increases in sales, while the motor
October 1956
SURVEY OF CURRENT BUSINESS
vehicle industry was the only one among the major groups to
show a fairly continual drop.
Durable-goods producers7 inventories and backlogs of
unfilled orders both rose steadily throughout this period.
The book value of inventories from August 1955 to August
1956 increased $3/£ billion and the stock-sales ratio for
durable-goods industries rose from 1.8 months to over 2
months. At $59 billion, unfilled orders this August w^ere
equivalent to almost 4% months of sales, as compared to 3K
months in August 1955. This rise marked a reversal in the
previous trend; the latter figure was close to the low point
in the long downward move from the peak ratio during
Korean hostilities (see chart).
Most of the substantial advance in stocks and unfilled
orders was in machinery and nonautomotive transportation
equipment industries. Together they accounted for threefifths of the increase in stocks and nine-tenths of the rise
in order backlogs of the durable-goods group over the last
12 months.
The 2 industries have also shown the most sizable relative
gains in sales—about one-sixth each over the last year. As
a result their August stock-sales ratios were little different
from a year earlier. The ratios of unfilled orders to sales
were appreciably higher in both instances. Most other
major hard-goods producing industries registered year-toyear increases in inventories relative to sales, and more
moderate gains in their orders-sales ratios.
Each stage of fabrication has contributed to the upward
trend in durable-goods producers' inventories in 1955 and
1956. Purchased materials inventories have shown the
largest relative increase and their book value in June 1956
was one-fourth higher than at year-end 1954. These inventories were reduced in July and August of this year, and
at the end of this period were one-sixth above August 1955.
The reduction occurred primarily among motor vehicle and
fabricated metals companies, apparently reflecting the drawing down of steel inventories during the steel strike. Stocks
of finished goods and goods-in-pro cess rose steadily through
this spring but showed little further change this summer.
and equal to 5 months of sales; companies primarily producing consumer appliances generally did not share in the
backlog increase.
Sales of other machinery concerns in August—office,
household machinery and nonindustrial types for farms,
stores, mines and construction—were about one-eighth
higher than in the previous August. Here, sales by farm
Durable Goods Manufacturers
BILLIONS OF DOLLARS
80
UNFILLED ORDERS
(END OF MONTH)
60
40
INVENTORIES*
(BOOK VALUE, END OF MONTH)
\
20
SALES*
* Seasonally
(TOTAL FOR MONTH)
adjusted
, , |, , , , , | , , , , I I i i I I i I i i i I I
RATIO
8
UNFILLED ORDERS-SALES RATIO
6
-
Bookings high in machinery
The exceptionally high and rising business investment in
new machinery—as reported in last month's SURVEY—has
been accompanied by a large flow of orders to machinery
producers. After seasonal allowances, new orders continue
well above a year ago, and some 20 percent higher than the
rates of the 1955 spring months. Unfilled orders at the
end of August totaled $19 billion as compared to $14.7
billion a year earlier. (See table 1.)
Higher rates of activity have been experienced by producers of most types of machinery—with the exception of
those heavily engaged in producing farm and household
equipment. Producers of industrial machinery—metalworking, general and special industry machines—have shown
the largest upsurge over the past 12 months. Here, sales in
August were 30 percent above the corresponding 1955 month.
Orders backlogs over this period have risen, and at the end
of August were over six times that month's high sales total.
Sales by electrical machinery producers in August were
about one-eighth higher than in August 1955. Their sales
have moved upward in recent months as the strong demand
for productive electrical machinery has been supplemented
by an improvement in sales of some consumer appliances.
Earlier, between the summer of 1955 and this spring, sales
had fallen as a result of a work stoppage at a major producer
and a slackening in demand for some types of consumer
goods—notably television and automobile radios. Unfilled
orders at the end of August were higher than in August 1955,
STOCK- SALES RATIO
1952
1953
1954
1955
U. S. Department of Commerce, Office of Business Economics
machinery
clined from
had shown
group as a
1956
56-39-4
and household machinery producers have delast year. Demand for other types of machinery
considerable strength. Unfilled orders for this
whole have risen since August 1955.
Machinery producers9 inventories rise
As noted earlier, machinery producers have added to
stocks over the last 12 months in order to support the rising
demand for their products. At $9.6 billion at the end of
August, the book value of machinery producers' inventories
SURVEY OF CUERENT BUSINESS
was $1.6 billion higher than a year earlier. This increase
was about one-half that of all durable-goods producers—
one-third of the rise for all manufacturers—over this period.
All major machinery groups participated in this inventory
increase—although the rise was less in the industrial group
than in the nonindustrial machinery and electrical groups.
On the whole, August 1956 stock-sales ratios of 2.1 months
for electrical machinery and 2.6 months for nonelectrical
machinery were each only slightly higher than in August 1955
and considerably lower than in the previous two Augusts.
Of the $1 billion rise in nonelectrical machinery producers'
stocks since August 1955, over one-half was in goods-inprocess, and more than one-third in purchased materials,
while little of the increase occurred in finished goods stocks.
In the latter category, lowered production effected reductions
from August of last year for agricultural machinery and
household equipment companies.
October 1956
of this year—the figures for recent months have been distorted by work stoppages in the steel, copper, and aluminum
industries. Sales by primary steel companies rose 16 percent from mid-1955 to mid-1956, while those of nonferrous
metal producers increased less. Sales by the combined
group fell by one-half during July—percentagewise even more
in steel—and then moved half way back to the pre-steelstrike rate in August. September production by these companies was at a record rate.
Primary metal producers have shown generally moderate
increases in inventory book values in 1955 and thus far in
1956. In the iron and steel group, seasonally adjusted book
Table 1.—Manufacturers' Sales, Inventories, Orders, and
Sales Ratios
Transportation equipment trends mixed
Sales of the transportation equipment industry as a whole
were 7 percent lower this August than last August—a result
due entirely to the reduced shipments of motor vehicle and
parts producers. Sales of producers of nonautomotive transportation equipment were above a year ago and accounted
for all of the substantial rise in inventories and backlogs of
orders in the transportation equipment industry.
Midsummer shipments of motor vehicle companies were
one-fifth below the same period of 1955 following a steady
decline since last fall. For the first 9 months of 1956, factory
sales of passenger cars were 30 percent lower in number than
in the similar period of 1955 and truck output was reduced
10 percent. The slower (and more extensive) change-over
to 1957 model passenger cars as compared to the 1956 model
changeover reduced September assemblies to about one-half
the September 1955 rate.
The rapid downturn in sales last winter was accompanied
by a sizable rise in the stock-sales ratio for motor vehicle
companies. Despite reductions in inventories, the stocksales ratio increased through June 1956. A further reduction in inventories through this August, while sales steadied,
however, brought a lowering of the ratio.
Demand high for aircraft, freight cars
Producers of aircraft, railroad cars and ships have been
recipients of a heavy volume of orders in recent months.
Aircraft companies have received large orders for military
aircraft and guided missiles, as well as for commercial jet
aircraft. Reflecting the large capital improvement programs
scheduled by the railroads—1956 expenditures for new equipment are anticipated by these companies to be 50 percent
higher than in 1955—equipment manufacturers' unfilled
orders for freight cars totaled 46,000 at the end of August
as compared to 27,000 in August 1955.
Backlogs of unfilled orders held by nonautomotive transportation equipment producers have increased since mid1955, and have accounted for about two-fifths of the increase
experienced by all durable-goods industries during the past
12 months. They now have unfilled orders equal to 17
months of sales.
Sales of the nonautomotive transportation group over the
same period have risen almost one-fifth. Inventories for
this group have moved up about in line with the rise in sales.
Primary metals
Output of the primary metal industry rose throughout
1955 and leveled out at near-capacity rates hi the first half
August
1953
August
1954
August
1955
August
1956
Billions of dollars
Sales, seasonally adjusted
Total manufacturing
25.0
27. 2
12. 5
2. 1
3. 1
3. 4
12.5
10. 9
1. 6
2. 6
3. 0
12. 2
13. 7
2.3
3.4
3. 5
13.5
46. 3
43. 1
44. 3
26. 6
3. 5
6. 3
9. 1
19. 7
23. 8
3. 1
5. 4
8. 1
19. 2
24. 8
3. 3
6.0
8. 1
19. 5
70.7
Durable-goods industries
_ __
Primary metal
Transportation equipment
Machinery
Nondurable-goods industries
23. 1
47. 4
51.8
67.8
7. 2
27. 2
22. 0
2. 8
44. 7
3. 2
19. 4
14. 2
2. 7
48. 4
6.6
18. 4
14.7
3. 4
27. 5
13. 6
2. 5
3. 2
4. 0
13. 9
1
Inventories, seasonally adjusted
Total manufacturing
Durable-goods industries
Primary metal
Transportation equipment
Machinery
Nondurable-goods industries
49. 4
28. 1
3. 8
6. 6
9. 7
21. 3
1
Unfilled orders, unadjusted
Total manufacturing 2
Durable-goods industries
__ _ __
Primary metal
Transportation equipment _
Machinery
Nondurable-goods industries ^
61.8
59. 1
7.0
22. 9
18.9
2. 7
1
Ratios (number of months)
3
Inventory-sales ratio
Total manufacturing
Durable-goods industries
Primary metal
_
Transportation equipment
Machinery
Nondurable-goods industries
1.80
1.85
1.86
1.63
2. 12
_ _ 1. 66
2.03
2. 64
1. 58
2. 19
1. 99
2. 10
2.68
1.57
1. 80
1.43
1.76
2.32
1.45
4.59
3.45
3.08
3.70
_ _ 5. 41
3.43
8.71
_ _
6.39
.98
4. 10
2.03
7. 55
4. 52
.94
3. 52
2.90
5.38
4.22
1. 10
4. 34
i 2.84
7. 26
4. 69
.88
1
2. 07
1. 52
2. 10
2.39
1. 53
Unfilled orders-sales ratio
Total manufacturing 2
Durable-goods industries
Primary metal- _
Transportation equipment
Machinery
Nondurable-goods industries 2
1. These figures are for May 1956; later figures are not representative due to work stoppages.
2. Includes only textiles, leather, paper and printing and publishing of the nondurablegoods industries.
3. Ratios are end of month inventories and unfilled orders to monthly sales; data for sales
and inventories are seasonally adjusted.
Source: Office of Business Economics, U. S. Department of Commerce.
October
1956
SURVEY OF CUREENT BUSINESS
values at the end of August were less than $200 million higher
than at the end of 1954. As a result of higher sales, stocksales ratios have been sharply reduced from 2 months of
sales in August 1954 to \% months in August 1955 and to 1.4
months in May 1956. Stock-sales ratios for other primary
metals companies also declined from 1954 to 1955, but then
rose somewhat in 1956.
Other durable-goods industries
In other major durable-goods industries, August sales
were lower than a year earlier in fabricated metals and the
lumber and furniture group, and higher in the stone, clay
and glass and miscellaneous industries. Sales have risen in
all these industries, however, over the past 6 months.
Backlogs of orders and inventories held by these producers—
both in value and relative to sales—have also risen over the
last 12 months. Except in the stone, clay and glass industry,
however, stock-sales ratios this August were well below
August 1953 and August 1954; the ratio in the former
industry was about equal to the earlier periods.
nearly two-thirds during the June-August period when total
inventories rose another $900 million. Practically all of
the remaining increases in those periods were in purchased
materials.
Practically all of the rise in finished goods during the summer was reported by food and petroleum companies. These
two industries accounted for one-third of the $1.7 billion
rise in total inventory book values of the nondurable-goods
group from August of last year. Together they accounted
for nearly half of the book-value increase this summer.
Nondurable Goods Manufacturers
BILLIONS OF DOLLARS
25
INVENTORIES
(BOOK VALUE, END OF MONTH)
20
Nondurable-goods shipments stable
The value of shipments by nondurable-goods manufacturers has shown only minor changes in 1955 and 1956 (see
chart). This stability has also characterized most major
soft-goods industries; exceptions are petroleum, where sales
have shown a rising tendency, and rubber which has shown
a rise from last winter's reduced sales to motor vehicle
producers.
The sales position of the nondurable-goods sector showed
improvement from July to August, with most industries
contributing to the 3 percent rise from the July seasonally
adjusted rate. The increase, following declines in June and
July, brought the value of shipments for the group to within
1 percent of the record rate set in May, and to 3 percent
above the August 1955 rate.
15
-
10
SALES
(TOTAL FOR MONTH)
RATIO
Nondurable-goods inventories rise
The nondurable-goods manufacturing industries, where
inventory investment was small and at a relatively steady
rate during most of the 1954-56 business expansion, reported
a higher rate of inventory increase this summer. During
the first half of 1955, seasonally adjusted book values of
soft-goods stocks showed practically no change; book values
during the second half edged up at the rate of about $50
million per month. This year inventory additions averaged
some $150 million per month until late spring. The advance
in stocks then quickened and averaged $300 million for the
three months, June through August. The increase brought
the end-of-August book values for nondurable-goods producers to $21 billion, as compared to $19.3 billion a year
earlier.
Inventories at the end of August represented about \%
months of sales. From August of last year to this May, such
inventories held a relatively stable relationship to the value
of shipments. Even with the rise in recent months, the
stock-sales ratio is lower than in any August since 1950, with
the exception of 1955.
Finished goods have accounted for an increased proportion
of the inventory accumulation during the summer. Shipping
stocks accounted for a little less than half of the $900 million
rise in total inventories of nondurable-goods industries from
August of 1955 to May of this year; this proportion rose to
2.0
1.5
STOCK-SALES RATIO
1.0
1952
1953
1954
SEASONALLY
1955
1956
ADJUSTED
U. S. Department of Commerce, Office of Business Economics
Petroleum sales increased faster than inventories between
August 1955 and mid-spring 1956 so that inventory-sales
ratios had declined, and were at a postwar low of 1.1 months
of sales in May. The relatively greater growth in stocks
than in sales since then has raised the ratio to 1.2 months,
about the same as a year ago.
Inventories held by food producers reached their lowest
postwar point in relation to shipments in March of this year.
They have since edged up to 1.1 months, compared with the
ratio last August of 1.0.
SURVEY OF CURRENT BUSINESS
6
The most volatile industry within the nondurable-goods
area with respect to inventory movements has been the
chemical industry. Inventories of these manufacturers
advanced by $K billion from last August to this August—
accounting for one-third of the rise for all nondurables.
Sales this August were somewhat higher than a year earlier
and the stock-sales ratio of 1.75 months was moderately
above last August. Three-fifths of the rise over the year
was in finished goods, although there has been no further
increase in finished goods inventories in recent months.
Within the chemical group, industrial chemical producers
have accounted for most of the inventory rise since August
1955. They have also shown the largest advance in the relation of inventory to sales over this period. While the drugs
and soaps group also increased inventories substantially,
advancing sales have reduced stock-sales ratios in that industry group. Inventories of "other chemical" producers
have been pared in recent months, but sales have eased more.
In the textile industry inventory accumulation over the
year has amounted to $200 million, with all of the rise in finished goods. New orders received by textile companies have
declined in each of the summer months; this industry accounts for most of the $700 million decline since August 1955
in unfilled orders of nondurable-goods' producers.
DEVELOPMENTS IN TRADE
Exceptions to generally rising trend
For the first 9 months of the year, total sales of retail
stores exceeded by 3 percent the like period of 1955. Sales
of every line of trade, with the notable exception of motor
vehicle and farm equipment dealers, showed significant inTable 2.—Stock-Sales Ratios in Trade *
August
1953
August
1954
August
1955
August
1956
1.33
1.30
1.21
1. 20
Durable-goods establishments
Nondurable-goods establishments
2.02
. 96
1. 99
.97
1. 76
. 92
1. 81
. 89
Retail trade, total ..
1.62
1.59
1.49
1.46
Durable-goods storesAutomotive group
Furniture and appliance group
Lumber, building, hardware group.
2.16
1. 42
2. 58
2. 81
2.16
1. 46
2. 64
2.68
1.88
1. 24
2.37
2.57
1.90
1. 29
2.25
2.37
Nondurable-goods stores
Apparel group
Food group
General merchandise group
1.33
3. 19
. 69
2. 44
1.30
3. 24
1.26
3.06
1.24
2.73
-.72
2. 38
.71
2. 37
.68
2.42
1. Ratios are end of month inventories to sales for month; all data seasonally adjusted.
Source: Office of Business Economics, U. S. Department of Commerce.
creases over this period. Declines of 7 percent in the sales
of motor vehicle dealers and 12 percent for establishments
in the farm equipment group were offset by increases in the
remaining major groups of durable-goods stores to bring total
durable sales in the first three quarters to nearly the same
total as a year ago.
January-September 1956 sales at nondurable-goods stores,
on the other hand, were up by 6 percent from the corresponding months of last year with every major nondurable-goods
trade sharing in the advance. The largest relative gains
were reported by drug stores and gasoline service stations—
11 percent each.
There have been no signs of slackening of demand for
nondurables in recent years; on a seasonally adjusted basis
total sales of nondurable-goods stores have advanced for
11 successive quarters and, beginning with the third quarter
of 1954, each succeeding quarter has established a new high.
The relative rise in sales by gasoline service stations has been
outstanding. Reflecting in part the continuing increase of
automobiles on the road, sales in these establishments have
risen by a fourth since the beginning of 1954. Apparel store
sales have been moving up steadily since mid-1954, following
a declining trend starting in late 1952. All the other major
nondurable-goods categories have shown a steady rise in
the past 3 years.
Retail inventory rise moderate
After a small seasonally adjusted decline in sales of retail
stores from the fourth quarter of 1955 to the first quarter of
this year—in large part due to the weakening in automobile
demand—retail sales evidenced considerable strength. In
the second quarter, sales moved upward to more than wipe
out the first quarter decline. The upward trend continued
this summer to bring third quarter sales to 3 percent above
the opening quarter of the year. This increase in sales is
largely attributable to higher prices as the index of prices of
goods sold at retail stores this summer averaged about 2 percent more than at the beginning of the year.
Wholesale trade, total
October 1956
While retail sales activity has expanded, inventories have
also built up though at a somewhat slower rate. The over-all
stock-sales ratio has declined somewhat this year and, at
about IK months of sales, is back to the year-ago rate, and
slightly lower than in the summers of 1951 through 1954.
The reduction in the ratio this year is mostly in durable
goods, general stability being shown for nondurable goods.
Inventories of motor vehicle dealers, reflecting primarily
changes in stocks of new passenger cars, have been declining
since February after a period of sizable accumulation. As
the production of new cars was successively cut back and
sales steadied after declining through early spring, the
seasonally adjusted book value of inventories of these
dealers declined from $4.7 billion in February to $3.9 billion
in August.
Building material and hardware store inventories have
been cut back somewhat in the recent period while sales
rose. The stock-sales ratio declined from 2.7 in the fourth
quarter of 1954 to 2.4 in the third quarter of this year. In
the furniture and appliance group the ratio fell off in the
same period from 2.5 to 2.2.
The smaller change in the over-all stock-sales ratio for nondurables is related in part to the stability shown in the food
and general merchandise groups. At department stores inventory increases just exceeded those of sales so that the
stock-sales ratio for the first 8 months of the year rose only
slightly above a year ago.
New orders placed by department stores in recent months
have been exceeding previous year figures by about 5 percent.
Midsummer outstanding orders were about 6 percent higher
than a year ago.
Record wholesale sales
Wholesalers' sales have increased steadily since early 1954.
Sales during the first 8 months of 1956 were 8 percent above
the corresponding period of 1955—with only farm supply
dealers among the major groups not participating in the rise.
Wholesale prices have averaged about 3 percent higher thus
far this year than in the first 8 months of last year, and the
SURVEY OF CURRENT BUSINESS
October 1956
major part of the year-to-year sales gain has been in physical
volume.
The reduction in demand for new cars had little impact on
wholesaling since most new cars pass directly from the producer to the retailer. This factor was important in the more
favorable showing for wholesalers' sales in the 1955-56 period
than for sales of manufacturers or retailers.
While virtually every major trade was experiencing an upward movement in sales from 1955 to 1956, the gains were
generally relatively larger for industrial supplies and basic
materials than for consumer products. This was especially
true for suppliers of business machinery and equipment and
dealers in metals and metal work.
In the soft-goods field, wholesalers7 sales thus far this
year were about 6 percent higher than in the first eight months
of 1955. The largest relative gains were reported by the
food, drug, chemical and paper groups.
Wholesalers' inventories rise with sales
Wholesalers' inventories at the end of August totaled
$13 billion, about $1 billion higher than a year earlier. This
increase has been just about keeping pace with the sales rise,
and the stock-sales ratio has held at 1.2 months of sales
throughout 1955 and 1956. This ratio was lower than those
prevailing in 1953 and 1954, and about the same as in 1952.
Three-fifths of the dollar increase in inventories from
August 1955 to August 1956 has occurred at durable-goods
establishments, with most of this rise reported by machinery,
metals and electrical goods wholesalers. August stock-sales
ratios for the durable-goods group were slightly higher than
last August, though lower than 2 or 3 years ago. Nondurable-goods wholesalers' stock-sales ratios this August were
lower than in any August since 1952.
National Income and Corporate Profits
NATIONAL income rose in the second quarter of 1956 to a
seasonally adjusted annual rate of $338% billion. This advance represented the seventh consecutive quarterly expansion, and raised the total almost $4 billion, or about 1 percent, above the first quarter and $17 billion, or 5 percent,
above the second quarter of 1955.
Although less than the quarterly increases of $6 billion or
more which characterized the movement during 1955, when
the country was recovering from the 1953-54 adjustment,
the first-to-second-quarter increase was larger than that
which had preceded it, reflecting the continued buoyancy
of the national economy; and personal income data for July
and August, reviewed elsewhere in this issue, indicate a further expansion in payrolls and other elements of national
income going directly to individuals. As noted in the August
issue of the SURVEY, however, gains in the dollar value of
national income and product since the final quarter of 1955
have stemmed chiefly from rising prices rather than from
further expansion in the real volume of economic activity.
The industry breakdown of the national income is available only on a half-yearly basis (see table 3). These figures
reveal the slower growth that followed the upsurge during
the 1954-55 recovery and the greater variation in industry
trends this year.
During 1955, nearly half of the over-all gain in income
reflected a 7-percent increase in manufacturing, which had
borne the brunt of the prior recession; advances in other
domestic industries were somewhat more limited, and agriculture moved contrary to the general trend. In the first
half of 1956, manufacturing as a whole showed no further
rise; income originating in trade likewise stabilized; and the
expansion slowed in most of the service divisions. Income
from agriculture, mining, construction, and the finance
group, however, moved more favorably than during 1955.
Income from manufacturing
Income originating in manufacturing, w^hich accounts for
almost a third of national income, was at a $105 billion annual
rate in the last half of 1955 and maintained this rate in the
first half of 1956. Partial data available on a quarterly basis
suggest that within these half-year periods a rise from the
third to the fourth quarter of last year was followed by a dip
which levelled off in the second quarter of 1956. The over-all
rate for the first half of this year was $6% billion above that
for January-June 1955, when the recovery of manufacturing
activity had already wiped out most of the 1953-54 decline.
The pattern of stabilization in the aggregate early this
year following expansion in 1955 has been apparent in both
durables and nondurables manufacturing, but with certain
differences. In general, the increase during 1955 reflected
a somewhat sharper rise in the durables, which had sparked
the recovery in late 1954. The rising demand for producers'
equipment reinforced the effects of rapid expansion in auto
sales to stimulate not only the industries producing these
goods but also their suppliers in the metalworking industries
generally. In the first half of 1956, total income from durablegoods production declined moderately, as the reduction in
auto output more than offset the continued expansion in the
demand for producers' equipment.
Income arising in the nondurables industries also increased from the first to the second half of 1955, although
less sharply than in the durables; bat, unlike the latter,
showed a further small increase this year. The latest advance seems to have centered largely in the food and beverage
group.
SURVEY OF CURRENT BUSINESS
8
Nonmanufacturing industries
October 1956
of this year, as did income derived from abroad. In the
aggregate, the industry divisions showing this pattern of
change contributed $105 billion to the first-half annual rate
of national income.
The $70^ billion balance of the national income earned
during the January-June period of this year came from
industries which expanded more from the latter half of 1955
to mid-1956 than during the preceding year.
In agriculture a prolonged decline of incomes was checked
with an upturn in farm prices and some increase in marketings. The favorable experience of the mining division seems
to have been associated with an active demand for fuel for.
household heating and highway transportation and, in the
case of bituminous coal, for export. Demand for basic
metals for use in fixed investment goods also contributed
substantially to the rise in income from mining.
The advance indicated for contract construction occurred
despite a slowing in the rate of new home-building. It is
traceable to the rise in the dollar volume of industrial and
other private nonresident ial building and of public—especially, highway—construction. The high rate of new investment played an important part also in the further expansion
shown by the finance, insurance, and real estate division;
income from which throughout the postwar period has
reflected the role of these industries in facilitating the rapid
growth of the Nation's stock of fixed assets.
t
The total of income originating in wholesale and retail
trade, like that in manufacturing, recorded approximately
the same annual rate in the first half of 1956 as in the preceding half-year. (As in manufacturing, some relative
firming was apparent in the second quarter.) Income in
trade had previously increased $2)4 billion from the $53%
billion rate attained in January-June 1955. Total retail
sales have shown a somewhat similar pattern, with the
swing in auto sales superimposed upon a gradually tapering
growth in most other lines.
The pattern of change displayed by the national income
total through mid-1956 has been roughly paralleled in the
experience of the transportation, public utilities, and service
industry divisions and in the course of income originating in
government.
Income from transportation advanced 4 percent from the
second half of 1955 to the first half of this year, when it
re'corded an annual rate of $17 billion. Fluctuations in income from transportation have generally been dominated by
the railroads, which account for close to 50 percent of the
total and provided a somewhat larger relative share of the
expansion from the latter part of 1955 to mid-1956. Income
arising in the railroad industry was bolstered during the
opening half of this year by a rise in freight rates and a somewhat higher volume of traffic, notably in the movement of
industrial equipment and ores. The freight rate increase
averaged close to 6 percent and became effective March 7,
1956.
The rise to the first half of 1956 in nonrail transportation
was less marked in percentage terms than that in railroading
and represented a slackening of the 1955 growth rate. This
slowdown was especially apparent in the highway freight
industry, where the course of income seems to have been
adversely affected by the decline in auto shipments and the
levelling off of activity in various other lines of manufacturing and trade.
The flow of income from the services division, from communications and public utilities, and from government, which
has shown a similarly steady growth during the past few
years, likewise expanded at a reduced pace in the first half
Shifts in income types
The tapering in the rate of rise as the 1954-55 recovery
was completed, which has been noted both in the national
income aggregate and in a majority of the industry components reviewed above, is similarly evident in the record
for the various major types of income. Also notable in
table 4 is a divergence of movement as between corporate
profits and other types of income. During 1955 the fraction
going to profits was rising to regain the ground lost in the
preceding recession. During the first half of 1956 it was
falling, as corporate earnings dipped moderately in absolute
amount while other major types of income continued to
increase.
Table 3.—National Income by Industrial Origin, 1953-56
[Billions of dollars]
!
•
• '
•
—
—
—
"
-"'
Seasonally adjusted at annual rates
1953
1954
1953
1955
1954
1955
1956
1st half
All industries, total
Finance, insurance, and real estate
Transportation
Communications and public utilities
Services
Government and government enterprises
_
_ _ _
__ __ _ _ _
_ __
Rest of the world
Source: U. S. Department of Commerce, Office of Business Economics
1st half
2d half
1st half
2d half
1st half
302. 1
_
Agriculture, forestry, and fisheries
Mining
Contract construction
Manufacturing
Wholesale and retail trade
2d half
298. 3
324. 0
304. 4
299.9
296. 3
300.3
316. 6
331. 3
336. 8
17. 5
5. 5
15. 1
96. 4
50. 5
16. 7
5.0
15. 5
89. 6
50. 8
16.0
5. 6
16. 6
101. 8
55. 0
17. 6
5. 5
15. 0
98. 8
51.0
17.4
5.5
15. 1
94. 0
50. 0
17.2
5. 1
15. 4
89. 5
50. 2
16. 1
5.0
15.6
89. 6
51. 3
16. 3
5.5
16.2
98. 5
53.7
15.7
5. 7
16. 9
105. 1
56.3
15. 9
6. 2
17. 8
105. 1
56. 5
26. 2
15. 8
10. 0
28. 5
35.2
28. 1
14. 6
10.7
29. 8
35.8
29. 5
15. 9
11. 5
32. 5
37. 7
25. 9
16. 0
9.7
28. 2
35. 3
26. 5
15. 5
10. 3
28. 9
35. 1
27.7
14. 4
10. 4
29. 2
35.4
28. 5
14. 8
11. 0
30. 4
36. 2
29.2
15.4
11. 2
31. 7
37. 1
29.8
16. 3
11. 8
33. 3
38.3
30.6
16.9
12. 0
34.3
39.2
1. 5
1.8
2.0
1.5
1.5
1.7
2.0
1. 9
2. 1
2.3
SURVEY OF CURRENT BUSINESS
October 1956
The largest income share, compensation of employees, advanced for the ninth consecutive quarter to a seasonally
adjusted annual rate above $237 billion in the spring of this
year. Increases of $2^ billion and $4 billion at annual rates
in the first and second quarters respectively compared with
a $3^ billion advance in the final quarter of 1955 and gains
averaging $6^ billion in the preceding 2 quarters.
The 1954—55 rise in national output having been paced by
sharp increases in manufacturing activity, the growth of
employee compensation was generally more rapid in the
manufacturing industries than in most of the nonmanufacturing groups. This pattern had been reversed by 1956, the
bulk of this year's further rise being widely distributed among
nonmanufacturing industries.
Proprietors' and rental income, at an annual rate of $50
billion in the second quarter, extended the advance which
began early last year. The latest gain reflected an increase
in entrepreneurial income from retail trade, some branches
of construction, and professional service. Net interest payments, at an annual rate of more than $!!>£ billion, continued
an increase which reflects a substantial rise in debt over the
past several years and, in recent quarters, some advance in
interest rates.
Corporate profits lower
A significant departure in 1956 from the pattern established
during 1955 among the various types of national income
components has been the absolute and relative decline in the
corporate profits share since the final quarter of last year.
As measured for national income purposes—before income
taxes and exclusive of inventory gains and losses—profits
are estimated at a second-quarter annual rate of $40 billion,
about 8 percent below the peak reached in the final quarter
of 1955.
With profits lower and total national income up, profits
dipped as a fraction of the total. Some of this decline
stemmed from shifts in the industrial composition of the
national income which have been discussed above. The
lessened importance of manufacturing, and particularly of
auto manufacturing, in the total has tended to reduce the
all-industry average ratio, since profits ordinarily account
for a higher percentage of income originating in these industries than in the economy as a whole. Such other shifts as
have occurred in the industrial structure of tota) income do
not seem to have offset this tendency. In addition, the
profits fraction of income appears to have drifted lower since
late 1955 in a large number of individual lines of manufacturing and trade. Profit ratios on both the manufacture
and the distribution of autps fell with the reduction in demand; in other important instances, sales expansion seems
not quite to have kept pace with the rise in costs.
Like the profits component of national income, before-tax
profits inclusive of inventory gains and losses also showed
declines after the end of* 1955. Since inventory gains have
amounted to around $3 billion in each of the past 3 quarters,
before-tax profits have moved about parallel to the adjusted
profits share, reaching a seasonally adjusted annual rate of
$43 billion this spring. Inventory gains were roundly $2
billion larger in the second quarter of 1956 than a year
earlier, however, and profits including these gains showed a
similar increase over this 12-month period which was not
reflected in the adjusted share.
In the absence of changes in Federal income tax rates,
recent movements in corporate income tax liability and in
after-tax profits have matched those in before-tax profits.
At a $21 billion annual rate in the second quarter, net
income after taxes was off almost $2 billion from the peak
recorded in the closing quarter of 1955, but up $1 billion
from the second quarter a year ago.
As a result of the comparative short-term stability in
dividend payments around their expanding trend, the 1955
upswing and subsequent contraction in after-tax profits
were mirrored in the course of retained corporate earnings.
The impact of the profits upswing was somewhat damped
in the latter, however, part of it having gone to finance the
Table 4.—National Income, by Type of Income, 1953-56
[Billions of dollars]
Seasonally adjusted at annual rates
1953
1954
1954
1955
I
National income
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Proprietors' and rental income 1
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
1. Includes noncorporate inventory valuation adjustment.
399865°—56
2
III
IV
I
II
in
IV
I
II
302.1 298.3 324.0 295.8 296.7 297.6 303.1 311.3 321.9 328.3 334.4 334.9
338.7
208.1 206.9 223.2 205.2 205.9 206.6 209.7 213.9 221.6 226.8 230.3 233.0
237.2
197. 3 195. 5 210. 4 194.0 194. 7 195. 2 198. 1 201. 6 209.0 213.6 217. 0 219. 4
10. 8 11. 4 12. 8 11. 2 11.3 11. 4 11. 6 12. 2 12. 6 13. 2 13.3 13.6
223. 5
13. 8
49.3
48.9
49.1
49.6
48.6
48.7
48.6
48.6
49.5
49.0
49.3
49.5
49.9
25. 9
13. 3
10. 2
25. 9
12. 5
10. 5
27. 3
11. 7
10. 1
25. 3
13. 9
10. 4
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
36.0
32,9
40.9
31.7
32.7
32.5
34.7
38.5
40.2
41.6
43.4
40.9
39.8
33. 2 42. 7
16. 8 21. 5
16. 4 21. 1
-. 3 -1. 7
31. 9
16. 1
15. 8
-.2
32. 9
16. 6
16. 3
-.2
32. 8
16. 6
16. 2
3
35.2 39. 7
17. 8 20.0
17. 4 19.7
. 6 -1.2
41. 1 43. 5 46. 4 43. 7
20. 7 22. 0 23. 4 22. 1
20. 3 21. 5 23.0 21. 6
-.9 -1. 9 -3.0 -2. 8
42. 9
21. 7
21. 3
-3. 1
9.3
9.5
9.8
10.1
10.6
11.5
11.7
37.0
20. 3
16. 7
-1.0
8.7
Net interest
II
1956
1955
9.7
10.8
10.4
Source: U. S. Department of Commerce, Office of Business Economics.
11.0
11.3
SUEVEY OF CURRENT BUSINESS
10
trend rise and fourth quarter spurt in dividends; and retained earnings for the second quarter of 1956 were lower
than a year earlier.
Undistributed profits at a seasonally adjusted annual rate
of $9K billion in the first 6 months of 1956 compare with
over $10% billion in the preceding half-year. (See chart.)
Although corporate depreciation and other capital consumpDisposition of After-Tax Profits
BILLIONS OF DOLLARS
25 -
TOTAL
20-
15 —
UNDISTRIBUTED
PROFITS
10 -
October 1956
gory, where it was rather widespread among the component
groups. In this connection it may be noted, moreover, that
the first-half rise shown for manufacturing was smaller and
the decline for the "all other" group was no less sharp than
those seasonally expected for this period. The previous
growth trend seems to have slowed in the communications
and public utilities division also, though the interruption
here was much less marked and both the strong expansionary
tendency during 1955 and the hesitation after the turn of the
year were masked by seasonal movements which are reflected
in table 5.
Profits in mining and transportation proved exceptions to
the pattern of retardation, as did those in finance in the
"all other" group. In these cases the underlying trend of
profits seems to have strengthened somewhat this year.
Broadly speaking, the significant shifts from 1955 to 1956
in the industrial structure of profits have corresponded to
the movements discussed above in income originating in the
various industries.
Manufacturing industry profits, after having advanced
contraseasonally from the first half of 1955 to the second,
generally showed little further movement to mid-1956 apart
from the usual seasonal changes. The principal exception
was in the automobile industry. Auto profits, after rough
allowance for seasonal variation, rose sharply through the
final quarter last year, but then turned downward, recording
two successive quarterly declines in a period of the year when
substantial increases have usually occurred. These developments contributed materially both to the pace of the over-all
Table 5.—Corporate Profits Before Tax, by Major Industries,
Half-yearly, 1953-56
1953
i
1954
I
1955
I
1956
HALF-YEARLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. Department of Commerce, Office of Business Economics
Industry pattern of profits
Available data on the industry pattern of 1956 profits are
given in table 5, The values shown include inventory gains
and losses and also reflect seasonal movements, which cannot be precisely isolated on an industry basis. During the
period of profit expansion from the first to the second half
of 1955, inventory gains increased to offset the effect of the
usual seasonal factors. In the first half of 1956, however,
the unadjusted totals were supported not only by higher
inventory gains but also by the tendency to seasonal expansion that characterizes the first as compared to the second
half of the year. For these reasons, the decline in the
adjusted share discussed above is hardly evident in table 5,
which shows unadjusted profits in the first half of 1956 to
have been off only 1% percent as compared with the 5 percent
reduction in the share.
The basic pattern of rapid advance and subsequent retardation over the 1955-56 period as a whole is nevertheless
apparent in the unadjusted as well as in the adjusted measures. On an industry basis, it is particularly evident in the
total for manufacturing and in that for the "all other" cate-
1954
19 53
56-39-3
tion allowances have grown over this period, total internal
sources of corporate funds have not kept pace with the rise
in corporate investment, which has accordingly drawn to an
increasing extent on security-market and other external
sources of funds. Recent developments in this connection
are reviewed elsewhere in this issue of the SURVEY.
[Billions of dollars, unadjusted for seasonal variation]
1st
half
2d
half
1st
half
19 55
2d
half
1st
half
1956
2d
half
1st
half
All industries, total. _ 20. 1 16. 9 16. 4 16. 8 20. 5 22. 2 21. 9
Mining
.7
7
.6
.6
.6
12. 0
9. 2
9. 3
8. 7 11. 9 12. 3 1? 5
7. 4
5. 1
5. 3
4. 8
7. 3
7. 2
7. 4
4. 6
4 1
4. 0
3. 9
4. 6
5 1
5. 1
.9
.7
.4
.6
.7
.8
,8
Communications and public utilities
1. 7
1. 6
1. 8
1. 7
2.0
2.0
9, 9,
All other industries
4. 8
4. 9
4. 4
5. 2
5. 2
6 4
5. 5
Manufacturing.
Durable-goods industries
Nondurable-goods industries
Transportation _
.5
.8
Source: U. S. Department of Commerce. Office of Business Economics.
expansion during 1955 and to the subsequent stability of the
all-manufacturing total. With autos set aside as a special
case, and taking account of seasonal variations, there appears
to have been no significant change since the second half of
last year in the total profits either of durable- or of
nondurable-goods manufacturers. Individual lines among
the durables generally showed a similar conformity to past
seasonal patterns. Among the nondurables, an unusually
sharp bulge in food manufacturing profits early in the year
approximately offset some weakening in most other lines.
by Loughlin F. McHugh
Financing Corporate Expansion in1956
E
XPANDING demand for capital goods by corporate
business has provided a major impetus to the high rate of
general business activity in 1955 and 1956. Business
corporations spent a record sum of $13^ billion on plant and
equipment in the first half of this year, one-fourth more than
in the comparable period a year ago (table 1), and if current
plans are realized the total for the full year will amount to $29
billion, almost $5 billion more than in 1955. With production and sales above a year ago, corporations also added to
inventories at a substantial rate in the first half of 1956.
After allowing for seasonal influences, the 1956 book value
of inventories increased at an annual rate of $7 billion, compared with a rise of $4.6 billion during the year 1955. After
midyear the net dollar addition to inventories was sharply
reduced, although as indicated elsewhere in this SURVEY the
interruption of work schedules in the summer months was
undoubtedly an important factor in the slackened pace.
It should be noted that these dollar inventory changes include
the effect of price increases which occurred in the period
under discussion; they differ in this respect from inventory
changes shown in the gross national product accounts which
exclude the revaluation of inventories due to the influence of
prices.
The high rate of corporate use of funds for plant and equipment and additions to "book" inventories in 1956 is depicted
in the upper panel of the chart, with the 1956 data shown at
seasonally adjusted annual rates for comparison with prior
years. As may be seen in each of the last 2 years, the increased flow of funds for these capital items reflected an upward movement in both plant and equipment and inventories, although the increased outlay for fixed capital have been
the predominant feature in 1956. The annual rate of investment earlier this year amounted to $36 billion, $4 billion more than in the previous record year 1951 when the
military buildup was under way.
The growth of total asset holdings of corporations in the
recent period has not followed the record breaking pace of
additions to physical assets, primarily because corporations
financed some of their investment by drawing on their liquid
resources. As may be noted in table 1, in recent years total
uses of corporate funds have been seasonally low in the first
6 months of the year as the increase in physical assets has
been offset by liquidation of cash resources and, generally
speaking, a seasonal slowing of the growth of other current
assets.
Thus, while a major share of the $7.9 billion net reduction
of cash and U. S. securities in the first 6 months of 1956, as
shown in table 1, was seasonal in nature, reflecting the heavy
March and June Federal tax drains, some of the liquidation
appears to have been used to keep investment programs
progressing smoothly. Relative to sales, the mid-year volNOTE —MR. McHUGH IS ACTING CHIEF OF THE NATIONAL ECONOMICS
DIVISION, OFFICE OF BUSINESS ECONOMICS.
ume of liquid asset holdings was at a low point for the postwar period after allowing for seasonal influences.
Internal Financing
Corporations normally finance the major part of their
investment programs with funds generated from internal
sources—depreciation allowances and retained profits. Reflecting principally the steady advance in depreciation, the
total volume of internal funds available to corporations
continued to rise in 1956.
As may be seen from the lower panel of the chart on this
page, there has been an uninterrupted rise in depreciation
Corporate Investment and
Internal Financing
BILLIONS OF DOLLARS
40
CORPORATE INVESTMENT
30
20
10
• CHANGE IN INVENTORIES
(BOOK V A L U E )
-10
30
J
I
\
I
1
I
1
I
I
INTERNAL FINANCING
20
10
• DEPRECIATION
I
1946
® First
1948
I
I
RETAINED EARNINGS
!
t
I960
1952
i
l
1954
l
1956
6 months, seasonally adjusted, of annual rate,
U. S. Department of Commerce, Office of Business Economics
56-39-8
1
1
SURVEY OF CURRENT BUSINESS
12
throughout the postwar period and in the latter part of the
past decade these funds contributed by far the larger share
of total financing. Undistributed earnings, on the other
hand, were slightly lower in 1956 as profits trends leveled off
while dividends continued to rise. As may be seen from the
chart, the 1955-56 volume of earnings retained in business
is somewhat higher than in the 1952-54 period but moderately below the volume retained in the earlier postwar
period.
Total internal funds accounted for roughly two-thirds
of corporate investment in the first half of 1956. This
proportion was substantially lower than in 1955, when over
four-fifths of investment was met from internally generated
funds. The 1956 ratio compares favorably, however, with
all other postwar years aside from 1949 and 1954, years in
which investment requirements were being reduced in the
general business declines which featured those years, while
October 1956
internal funds were fairly well maintained. With the exception of these two years, depreciation allowances accounted
for a steadily rising proportion of corporate investment
over the postwar period through 1955, moving from less
than one-fifth in 1946 to almost one-half in the latter year.
In contrast, retained earnings have accounted for a fairly
stable proportion of investment in the period from 1950
through 1955, fluctuating narrowly around 30 percent.
This proportion was substantially lower than in the earlier
postwar period when retained earnings accounted for onehalf of the flow of funds for investment purposes.
Thus far in 1956, both retained earnings and depreciation are lower relative to investment spending, with undistributed earnings slightly lower in dollar volume, and the
rise in depreciation allowances less than the increase in
investment.
Table 1.—Sources and Uses of Corporate Funds, 1952-56 *
[Billions of dollars]
First half
1952
1953
Second half
1955
1954
1956
1952
1953
1954
1952
1953
1954
1955
Inventories (book value)
Receivables
Consumer
U S Government
Other
_
14. ,0
13.9
21.2
16.5
19.3
30.2
30.1
28.8
20.4
44.3
11.3
10.9
10.9
13. 6
11.5
12. 6
11. 4
13.3
22.4
23.9
22.4
24.2
1.0
-9.9
3. 1
.3
9. 7
16.9
7.6
4.9
2 0
20. 1
.1
2.3
-1. 1
1.9
4.0
.8
3.9
7.9
g -1.2
2.7
.9
1.5 -2.3
4. 6
.2
.2
-.3
.4
_ _ _ _
1.0
-2. 1
Increase in other assets—total
12.3
10.9
Plant and equipment
1.3
.4
-. 1
1.0
-1.9
-.7
-.2
-1.0
3. 6
1. 1
-.3
2. 8
2. 7
-.2
(2)
2.9
1.2
.5
-.2
.9
9.8
3. 5
2. 1 -1.0
.4
1.7 -1.8
4. 8
.6
4. 2
Cash, deposits, and U. S. Government
securities
-1.9 -1.9
Cash and deposits
_ _ _
.0 -.8
-1.9 -1. 1
TJ. S. Government securities
-.6
3
Retained profits _
12.8
3.2
Total sources
-.7
9.0
Other assets
4.2
-6.5 -1.4 -7.9
-1.8 -.9 -1. 7
-4. 7 -. 5 -6. 2
.9
1.1
13.9
13.8
21.2
16.1
18.8
30.4
30.1
28.9
20.0
44.4
3. 1
4.5
4. 4
3.2
2.3
2.6
42
6.4
6.5
5. 7
8. 8
7.9
5.3
6. 1
6.8
7.6
10. 4
11.8
13.3
14. 8
3.5
1. 1
2. 4
3.7
1. 4
2.3
3. 1
.9
2.2
2.6
.6
2.0
4.0
1.5
2.5
7.9
3.0
4.9
7. 1
2.3
4.8
5.9
2. 1
3.8
7.0
2.5
4. 5
-.8 -2.0
9.0
4. 6
6.8
14. 6
5.4
3.5 -4.9
13. 8
1. 1
1. 3
Net new issues
Stocks . . _ _ _
Bonds
-3.5 -1. 1 -11.8
.5
.5
.6
.6
.4
.3
.6
.7
.7
(2)
(2)
.1
-1. 1
7
-'. 4
1.0
.7
.3
3. 6
2. 4
1.2
1.0
.8
.2
-.4
-i
g
-.9
-.7
2
2. 1
1.9
.1
2.4
1. 6
.8
-.3 -2.0
-. 1 -1. 4
Q
-.6
3. 1
2. 6
.4
-2.8
.7
-3. 5
-.8
.2
-1.0
-3. 8
.2
-4.0
.0
.9
.1
-. 1
. 1 -1.0
5. 5
.3
5. 2
1. 2
Q
1. 5
2.9
.0
2.9
4.9
.0
4. 9
2. 7
1.0
1. 7
o
.4 — . o
.2
(2)
. 4 -1.0
4.9
-3.9
-2. 5
-7. 1 -3.4 -6.0
1.0
2.9
3.6
6.2 -2.8
.4
o. o
2. 8
1.4
1.6
Q
1.0
.7
1. 1
.6
.6
.7
2.4
2.2
.3
-.2
-.5
-.1
.1
.1
.0
.4
.5
-.2
.0
-.1
.4
1. 7
1
.3
__
Discrepancy (Uses less Sources).
.1
.8
-.7
.1
3.0
1.0
2.0
Federal income tax liabilities
6. 2
1.5
4. 7
.2
6.5
_ _
5.5
2.6
2.9
.8
3.3
1.5
1.8
Trade payables
U. S. Government
Other _
_
4.0
1.2
2.8
a4
1.8
4.0
1.4
2.6
_ _ _ __
2.0
.8
1.2
1. 1
1. 7
-.2
-.4
.5
5.7
Bank loansShort
Long
5.8
1.9
.1
3. 8
.9
4.2
1. 6
2.7
Mortgage loans
6.2
2. 4
.1
3.7
1. 4
5. 1
Increase in other liabilities—total
3. 1
1.2
.0
1.9
1.5
Depreciation
_ _
2
5. 6
1. 8
1.3
i
.4
3.4 -1. 4
-.4 -1.0
7.2
1.5
.8
.6
1. Excluding banks and insurance companies. Annual data for 1952 adjusted to Internal
Kevenue Service's Statistics of Income. Later years are still preliminary.
2. Less than $50 million.
3. Including depletion.
1 1955
i
8.8
Total uses
Other liabilities
Annual
.8
5^0
Source: U. S. Department of Commerce based on Securities and Exchange Commission
and other financial data.
SUKVEY OF CUEEENT BUSINESS
October 1956
Factors in the rise of internal funds
Two factors account for the continuous rise in funds available from depreciation reserves over the postwar period.
One has been the steady expansion of the volume of plant
and equipment in use which has reflected the unprecedented
program of business spending for fixed assets. At the end
of 1955 the book value of corporate gross fixed assets was
roughly $300 billion, compared with a total of $138 billion
at the end of 1945.
The other factor contributing to the expansion of depreciation allowances has been the changes incorporated in the
revenue laws with respect to methods allowable in computing
depreciation deductions for tax purposes. Under the emergency amortization provisions of the 1950 Revenue Act,
corporations were permitted to write off over a 5-year period
roughly three-fifths of the costs of new plant and equipment
certified as necessary for defense purposes. At the present
time with certification closed for major segments of the program, a total volume of about $22 billion of plant and equipment has been certified as eligible for fast write-off, about
three-fifths of the total estimated plant and equipment costs
of the approved projects.
Since a substantial number of the certified projects—those
completed in 1950-51—have reached or are approaching
their final write-offs under the accelerated schedule, the
impact of the emergency amortization program is now close
to peak effect in terms of its contribution to total depreciation and amortization allowances. A rough estimate indicates that this year corporations may claim in the neighborhood of $2%-$3 billion of rapid amortization allowances,
slightly more than in 1955 and $^ billion above the emergency allowance claimed in 1954. These allowances may be
expected to remain at or close to the current level for the
next year or so, after which a rapid decline will set in (unless,
of course, certification should be renewed on a sizable scale).
In 1954, the revenue laws were revised to make possible
on a permanent basis more rapid depreciation than had
previously been allowed, although not nearly so rapid as
under the 5-year program. There are no comprehensive
data available as yet from which to assess the impact of this
revision on depreciation allowances, although for the nearterm—that is, over the next several years at least—this
new provision will tend to push depreciation allowance
upward.
Industry
differences
There is a substantial difference among industries in their
dependence on internal funds in meeting financial requirements. A broad outline of these differences is indicated in
table 2 for manufacturing and for all other groups combined.
A few words of explanation are needed before examining the
data. First, it is necessary in discussing industry differences
in internal versus external financing to use some concept of
total uses of funds since industry differences in noninvestment
uses (such as in increases in receivables and liquid assets)
may affect the financing picture. The total dollar requirements on which the percentages in table 2 are based are made
up of plant and equipment expenditures plus changes in total
current assets less changes in total current liabilities. Thus
they differ from the total investment data used in the chart
which include spending on physical assets only.
Second, the "External long-term financing" column is a
residual derived by subtracting from total financing the
amounts raised through internal sources. It therefore includes a small sum reflecting the statistical difference between
total sources and uses as shown in table 1. Analysis of the
factors giving rise to this discrepancy suggests that the pro
13
cedure used does not distort the broad picture presented in
table 2.
It is clear that manufacturing corporations depend much
more heavily than nonmanufacturers on internal sources in
meeting requirements. Throughout the postwar period,
manufacturers have in all years but two—1951 and 1952—
taken care of three-quarters or more of their requirements
from internal sources. They are, moreover, more volatile
in their demands on external sources. Whereas in 1950,
nine-tenths of their needs were satisfied internally, this
proportion dropped to about two-thirds during 1951 and
1952 when requirements were stepped up substantially.
Table 2.—Ratio of Internal and External Sources to Total Longterm Financial Requirements, for Manufacturing and Nonmanufacturing Corporations, 1946-56 1
[Percent]
Internal sources
Retained Depreciaprofits
tion
Total
External
long-term
financing 2
Total
long-term
requirements J
Manufacturing firms
1946
1947_
1948
1949
1950
49
56
61
48
62
25
21
24
34
28
74
77
85
82
90
26
23
15
18
10
100
100
100
100
100
1951
1952. _ _ .
1953
1954_
1955__ _
1956 3
40
28
35
31
37
33
27
35
46
49
43
45
67
63
81
80
80
78
33
37
19
20
20
22
100
100
100
100
100
100
1946
1947
1948i _ _ _
1949
1950
36
43
38
29
35
25
25
25
36
31
61
68
63
65
66
39
32
37
35
34
100
100
100
100
100
1951
1952
1953
1954 _
1955 3
1956
28
21
17
13
17
15
41
45
46
55
50
47
69
66
63
68
67
62
31
34
37
32
33
38
100
100
100
100
100
100
_
All other firms
_
1. Excludes banks and insurance companies. Total long-term financial requirements are
the sum of plant and equipment expenditures and the change in net working capital.
2. External long-term financing includes essentially net new issues, increase in mortgage
debt outstanding and increase in long-term bank debt. The "statistical discrepancy" is,
however, also reflected in this category.
3. Based on seasonally adjusted data for first 6 months.
Source: U. S. Department of Commerce, Office of Business Economics and Securities
and Exchange Commission.
In contrast, the nonmanufacturing group satisfied from
60-70 percent of requirements from internal funds throughout the postwar period. It may be noted that the principal
difference in the level of the relative contribution of internal
financing to financial requirements reflects the greater proportionate share of retained earnings for the manufacturing
group.
External Financing
With investment requirements in 1956 rising more sharply
than internal funds generated from current operations, corporate businesses expanded their demands on external sources
SURVEY OF CURRENT BUSINESS
14
of funds. This was particularly noticeable in requests for
bank funds. In each of the last 2 years, corporate bank
loans moved upward steadily and the increase this year has
been greater than last.
Table 3.—Changes in Commercial and Industrial Loans of Weekly
Reporting Member Banks
[Billions of dollars]
Change over first
9 months
Annual changes
Business of borrower
1953
1954
1955
1955
1956
in the cases of food processors and commodity dealers has
there been no net loan expansion during 1955 and 1956,
although the recent pace of borrowing has been somewhat
faster than a year ago. Some seasonal expansion of borrowing by these latter groups may be expected in the remainder
of this year. Sales finance companies which were sharply
increasing their bank debt in 1955 under the pressure of
heavy consumer financing demands have reduced their loan
balances in 1956, partly as a result of lessened consumer
buying and partly as a result of a shift to more permanent
types of financing.
Record security sales
Manufacturing and Mining
Metals and metal products (including machinery and transportation equipment)
Food, liquor and tobacco products _
Petroleum, coal, chemical and
other
Textiles, apparel, leather and
miscellaneous manufacturing
and mining
_
0. 1
-1. 1
0.4
0.2
1. 1
J
.1
-. 4
•^
.1
P)
.1
.5
.4
.8
.1
o
.5
.6
.9
Along with the greatly increased volume of bank financing in 1956, corporations are currently raising a record
amount of funds from sale of new securities in the capital
markets. Gross proceeds from these sales in the first half
of 1956 amounted to $6.2 billion, and present indications
are that the volume of issues will be even higher in the
second half year. Thus, it appears likely that the 1956
total will exceed the record sum of $12.6 billion sold in 1955
(chart on page 15). As may be seen from the chart both
Other
Public utilities (including transportation)
Trade— wholesale and retail
Sales finance companies
Commodity dealers
Other types of business
Total
2
Table 4.—Net New Corporate Security Issues 1
1 -1
1
2
2
- 3
1
^
2
4
.1
-.7
.8
5
3
7
- 3
6
4.3
2.5
3.1
[Billions of dollars]
4
2
-5
-1
3
.4
.5
1. 3
0)
1 Less than $50,000.
Includes only classified changes shown above.
Source: Board of Governors of Federal Reserve System.
2
As may be seen from table 1, total bank loans to corporate
business expanded by roughly $3% billion in the first half of
1956, about $2 billion more than in the comparable period
in 1955. Bank borrowing by corporate business has tapered
somewhat in the third quarter but with the normally rising
seasonal requirements in the final months of the year ib is
likely that the previous record of $5 billion of net corporate
bank borrowing (in 1951) will be exceeded in the current
calendar year.
The pervasive nature of business requirements for bank
credit during 1955 and 1956 is reflected in table 3 which
covers the net changes in loans to corporate and noncorporate
businesses made by commercial banks included in the Federal
Keserve sample of weekly reporting member banks. In the
first 9 months of this year business loans at these banks
expanded by over $3 billion, compared with a rise of $2%
billion in the same period a year ago.
As may be seen from the table, the accelerated pace of
borrowing this year reflected primarily the demand for funds
by metal fabricating manufacturers which have been in the
forefront not only in the rising trend of spending on plant
and equipment but in the increase in inventory purchases.
This group made some net repayments on loan balances in
the third quarter of this year which may be attributed in
part to conditions arising put of work stoppages in July and
August. The loan expansion appeared to have been resumed
in September, although at a rate considerably reduced from
earlier in the year.
For most of the other groups, additions to bank loans in
1956 have proceeded as in 1955 at a substantial rate. Only
October 1956
Year
All
industries
ManufacturPublic
ing
utility 2
Transportation
0 35
1948_
19491950
5. 89
4. 86
3. 72
1 86
1951_
1952_
1953
1954
1955
6.
7.
7.
5.
7.
2
3
1
1
1
28
93
02
87
04
Real
Comestate mercial
and
and
financial other
0. 54
. 79
. 81
0 24
43
30
34 2. 93 - 01
31
17 3. 29
23 3. 76
05
28 3. 42
06
33 3. 32
17
. 75
. 90
1. 75
. 75
1. 94
27
26
25
37
28
. 90
1. 10
. 09
-. 09
81
19
2. 89
2. 66
2. 15
16
28
First-half years
1955
1956
3. 02
3. 51
. 88
1. 12
1. 25 -. 10
1. 51 -. 13
1. Excluding issues of banks and insurance companies.
Source: Securities and Exchange Commission.
2. Includes communication.
stock and bond issues are contributing to the record volume
of securities financing this year.
Net new issues higher
Not all of these gross sales represent a net inflow of funds
to corporate business since some issues are specifically for
the purpose of refinancing outstanding securities, other issues
merely replace securities retired in merger transactions or
in the process of conversion from one type of security to
another. Such refinancing and retirements were down
slightly in 1955 and again in the first half of 1956 but were
still rather substantial compared with earlier postwar years
excluding 1945 and 1954. In that earlier year many corporations were undertaking major alterations in their financial structure preparatory to meeting the needs of their
postwar markets. Retirements reached a secondary peak
in 1954 as relatively low interest rates again made refinancing
operations attractive.
SURVEY OF CURRENT BUSINESS
October 1 5
96
The data on new issues included in table 1 are net of
retirements. As may be seen there, net new issues in the
first half of 1956 amounted to $3.5 billion, $500 million more
than in the comparable period of 1955. In view of the
expected heavy flotations in the current half year, it is likely
that the inflow of funds from security sales in the full year
will equal or exceed the previous peak reached in 1952 when
net new money raised through security flotation approximated $8 billion. During 1955, nonfinancial corporations
realized $7 billion from capital market sales. New funds
from this year's issues of both bonds and stocks are running
ahead of year ago totals.
Manufacturers lead new issues increase
Corporate Securities-New Issues
BILLIONS OF DOLLARS
1 5
TYPES
10
BONDS AND NOTES
\
STOCKS
I
1940
€>
42
44
46
48
I
I
50
Estimated by QBE on basis of partial data
U. S. Department of Commerce, Office of Business Economics
I
I
I
52
I
I
54
I
56
Data except 1956, SEC
56 - 3 9 - 1 0
ranging from $3 billion to $3% billion a year (table 4), and
accounting for 50 percent of net new issues in that period.
Net proceeds of utility issues in the first half of 1956
amounted to $1% billion, $260 million more than a year ago.
Manufacturing corporations have tended to be less steady
users of new issues markets over the postwar period. Once
the heavy financial requirements of the early postwar years
were met, net security sales dropped off sharply, and in 1950
new money raised amounted to less than $200 million.
Manufacturers 7 securities flotation again became important
during the Korean period of 1951-52 reaching a new high
of $3.2 billion in the latter year. After a period of relative
stability in 1953-55, when annual net sales averaged $1.3
billion, new flotations have again moved upward and in the
first half of this year, were at an annual rate of $2.2 billion,
exceeded only ia 1952.
Finance company issues higher
One of the features of the new issues markets has been the
expanded financing of financial concerns during the most recent period. Principally reflecting the security sales of consumer finance companies, net new money raised by this industrial group in 1956 was at the highest rate on record. In
considerable degree, the recent high volume of finance company security sales reflected not so much a net demand for
new funds as the refinancing of bank loans which served as
temporary sources during the peak demands of consumers
for credit to purchase automobiles and other durable consumer goods.
As may be seen from table 4, other major industry groups
(including railroads and other transportation, mining, trade
and service industries) have made little net use of the securities markets in raising new money. The railroad and mining
industries made net repayments on outstanding issues in
1956.
Higher Borrowing Costs
Public utilities (including communications) are by far the
leading group raising money year-in and year-out in the
new securities markets, with net sales in the last 4% years
ALL
15
Expanded demands of corporations for borrowed funds in
1956 were superimposed on demands of consumers and business generally which were already high by any prior standards Thus, the continuing pressure on available financial
resources tended to push interest rates upward, with the
sharpest increases appearing in short-term money and credit
markets (chart on page 16). Prime commercial paper of
4-6 months sold at yields of 3% percent in recent weeks,
about 1 percentage point above a year ago and 2 points
higher than the 1954 average. Similar increases occurred
on 3-month Treasury bill yields which in late September
reached almost 3 percent. Short-term rates are currently
well above the previous postwar peaks reached in mid-1953
when the prime rate was 2% percent and the bill rate was
2% percent.
To restrain the use of bank credit, monetary authorities
raised the cost of commercial bank borrowing at the Federal
Reserve and continued to apply pressure on the reserves of
commercial banks. The Reserve banks increased their discount rate several times over the past year and a half and
at 3 percent currently, this rate is % point higher than last
spring and 1% points above the level prevailing before the
most recent credit expansion set in in 1954.
By keeping their holdings of United States securities
virtually stable over the past year, the Federal Reserve
authorities have maintained a steady pressure on commercial
bank lending powers as it was necessary for banks wishing
to make new loans either to liquidate other assets or borrow
from the Reserve banks. Commercial bank liquidation of
holdings of longer term securities was a contributing factor
in the rise of long-terra interest rates.
The rise in bond yields has not, however, been nearly so
sharp as rates on short-term credit. Corporate bond yields
as measured in the Moody's series averaged 3.7 percent in
September. This compares with a yield of 3.3 percent a
year ago, a low of 3.1 percent in 1954 and the previous postwar high of 3.6 percent in 1953.
Throughout 1955 and the first half of 1956, the cost of
equity financing moved in sharply contrasting fashion relative to interest rates. Common stock prices in 1956 continued the strong advance initiated in 1953. At the most
recent high point (in July of this year) the stock price composite averages were up by one-eighth from a year ago, and
virtually double the monthly averages prevailing at the start
of the recent "bull" market upsurge in the summer of 1953.
The rise in industrial stock prices was even more pronounced,
with the average up by one-sixth from a year ago and almost
120 percent above the prices of mid-1953.
Recent stock price increases were substantially greater than
the gain in earnings. For the 125 corporations included in
Moody's series of industrial stock prices, earnings in the
second quarter of this year were virtually unchanged from a
year ago. Thus, the cost of financing as measured by the
ratio of earnings to stock prices continued downward through
SURVEY OF CURRENT BUSINESS
16
June of this year (chart on this page). Dividend yields—the
ratio of dividends to prices—were also downward in the
1955-56 period but not so sharply as in the preceding year,
as the continuing increase in dividends more nearly keptpace with the rise in stock prices through the second quarter
of 1956.
Relative costs and types of financing
The decline in cost of equity financing combined with the
steady rise in interest rates in 1955 and 1956 resulted in a
closing of the gap between stock and bond yields to the
Trends in Corporate Financing Costs
PERCENT PER ANNUM
i 2
EARNINGS - PRICE RA Tl0,
125 INDUSTRIAL STOCKS
( Q B E BASED ON MOOOY'S
I0
DIVIDEND YIELDS,
125 INDUSTRIAL STOCKS
\
IMOODY'S)
\
PRIME COMMERCIAL PAPER,
4-TO 6-MONTHS
i i ii
1953
1954
U. S. Department of Commerce, Office of Business Economics
1955
1956
5 6 - 3 9 -I I
narrowest point lor periods of prosperity since the late
twenties. Thus, for example, dividend yields on common
stocks of industrial concerns, as measured by Moody's series,
were only slightly in excess of bond yields in early 1956,
whereas these yields exceeded bond yields by over one-half
in 1954, by two-thirds in 1953, and by more than 140 percent in 1950. In the middle-twenties, the two yields were
in approximate equality with bond yields tending to be
slightly in excess of yields on common stocks.
Relative costs of 'financing were so favorable to debt
financing in the earlier postwar period that, when equity
financing was undertaken, factors other than costs were
usually the determining influence. In the most recent period,
however, the improved terms of equity financing in conjunction with the rise in interest rates have tended to make relative cost considerations again important in management's
determination of the types of issues which are floated. It
may be noted that the 1955-56 proportion of new money
raised through stock issues of industrial concerns was in
excess of 25 percent of total issues, substantially above the
ratio for the period from 1948 through 1954.
Current Position of Corporations
In reviewing the current financial position of corporate
business, several features stand out. As already noted, while
the recent huge investment programs of corporations have
required substantial outside financing principally in the form
of increases in debt, gross equity funds retained from operations continue to be by far the predominant sources of
financing.
Though the costs of obtaining the outside borrowed funds
have risen sharply in the recent period, the servicing of debt
has not been unduly burdensome on corporate business.
Corporate interest payments are currently running at an
annual rate of $5 billion, compared with $4}£ billion in 1955.
With profits before taxes and interest paid—the basic source
of funds for paying interest—approximately unchanged over
this period, the interest claim on gross profits has risen from
approximately 10K percent in 1955 to 11^ percent at the
present time. The current proportion is far below the prewar
experience for years of comparable rates of economic activity.
During the later twenties, for example, the interest claim on
gross profits was typically in excess of 30 percent.
Offsetting to some extent the effect of recently increased
costs of borrowing has been the more favorable terms available on financing through issuance of equity securities. This
type of financing has been once more approaching—with
respect to cost at least—a competitive position vis-a-vis
debt financing and to the extent that outside equity rather
than debt is employed, the flexibility of corporate financial
arrangements is substantially improved.
Liquid assets lower relative to sales
BOND YIELDS,
4O INDUSTRIALS
1952
October 1956
To an uncertain but probably significant degree, corporations used liquid assets to finance their physical asset additions in 1956, but the major part of the reduction in liquid
asset holdings of corporations in the first half of 1956 was
related to the drain of Federal income tax payments falling
due at that time. Total tax payments in the first half of
1956 equalled $16 billion, only moderately lower than total
payments made in the full year 1955. This was the heaviest
rate of tax payments on record for such a 6-month period,
exceeding the previous peak period in 1954. With tax
accruals on current earnings well below payments, the net
tax drain on corporate resources was $6 billion in early 1956.
It may be noted that the funds necessary for a major share
of the early 1956 tax payments were accumulated in the
last 6 months of 1955 when tax payments were relatively
light; indeed on a net basis over the 12 months ended last
June, tax payments were approximately matched by tax
liabilities accruing in that period.
In this same period, corporations reduced their holdings
of liquid assets by more than $1% billion in meeting other
requirements. Since this reduction took place during a
period when corporate sales were rising, the ratio of liquid
assets to sales dropped from 10 percent in mid-1955 to 9
percent this year.
Despite this somewhat lower level of liquidity as evidenced
by the asset-sales ratio, the overall "current" financial position of corporations remains rather favorable. The ratio of
total cut-rent assets (including receivables and inventories
as well as cash and U. S. securities) to total current liabilities
amounts to about 2.2 this year, about the same as a year
ago. Although down somewhat from earlier postwar years,
this ratio is substantially above the prevailing prewar
experience.
by E. S. Kerber
Major Shift by Area in
Foreign Aid in Fiscal 1956
Ui
UNITED States Government net grants and long- and
short-term. credits to foreign countries exceeded $5 billion
in the fiscal year 1956, equal to about one-fifth of the total
payments to foreigners in the United States balance of payments in the period. These Government transfers were up
6 percent over the preceding year. The increase of about
$280 million over fiscal 1955 in total foreign grants and longand short-term credits marked a change in the downward
trend of deliveries and disbursements from the postwar peak
4 years ago.
Since other United States private and Government payments abroad—principally for imports of merchandise and
private investments—rose more, the importance of Government grants and capital outlays in the entire balance of
payments was somewhat lessened.
The rise in Government transfers was the result of enlarged military supplies and services, as reported deliveries
under the mutual defense assistance program rose to approximately $3 billion in the year under review. Deliveries of
military supplies and services during the past fiscal year
comprised 60 percent of the total net assistance, compared
with 54 percent in fiscal 1955.
Net outflow of Government funds through nonmilitary
grants and capital transactions decreased almost one-tenth
last year, declining from the equivalent of 11 percent of
United States foreign payments in fiscal 1955 to less than 9
percent. They still contributed very materially to augmenting the physical resources available to many countries
to assist them in the recovery from recent hostilities and to
hasten their economic development.
Net transfers of "nonmilitary" grants and long-term
credits in the fiscal year 1956 were the lowest since V-J Day,
totaling $1.6 billion, down $350 million from the preceding
12-month period. Disbursements fell off generally in Western Europe, except to Spain, largely because of the decline in
payments to France and the United Kingdom in support of
their military budgets. Increases in varying ratios were
common elsewhere, with the exception of Brazil and Iran.
Short-term claims near $1 billion
Net movements in short-term assets or claims of the U. S.
Government consist mainly of collections of foreign currencies or receivables and their disposition, and supplement
or offset the changes in net grants and credits otherwise disbursed by the Government in aid to foreign countries. For
the most part, these movements have been directly related
to the foreign aid programs. Since mid-1953 they have
reflected the Government's net acquisition of almost $775
million in foreign currencies and receivables from the sale of
over $1.3 billion of agricultural commodities. At the end of
June 1956, the total of all Government short-term foreign
assets was a record $950 million.
About three-fourths of the proceeds of the foreign currencies acquired in the past 2 years are to be used to provide
grants and credits to the country purchasing the farm prodNOTE.—MR. KERBER IS A MEMBER OF THE BALANCE OF PAYMENTS
DIVISION, OFFICE OF BUSINESS ECONOMICS.
399865°—56
3
ucts or to third countries. However, the amounts are not
incorporated into the foreign grant and (long-term) credit
data presented in this article until the foreign currencies are
actually expended for these purposes.
Agricultural exports financed
Table 1 shows the net effect of these sales, in conjunction
with "nonmilitary" grants and credits, on increasing the
resources of foreign countries in fiscal years 1955 and 1956.
The short-term dollar credit extended by the U. S. Government through the sales programs was equal to an additional
one-eighth of "nonmilitary" assistance as reported in fiscal
year 1955 and to over one-fourth last year. Of the $407
million currencies used by the Government in the 1956
fiscal year, $375 million was disbursed for, or converted to,
"nonmilitary" grants and (long-term) credits.
Sales of farm products in fiscal year 1956 were made almost
entirely under the provisions of the Mutual Security Act
($372 million) and the Agricultural Trade Development and
Assistance Act ($436 million). Annual disbursements of the
Government-held foreign currency were much greater under
the former program ($288 million) which began in 1953
than under the latter, through which sales were first made in
February 1955.
Agricultural commodities are also shipped as a direct
Foreign Assistance
BILLIONS OF DOLLARS
5
*"""
*~~
MILITARY
GRANTS, NET
OTHER GRANTS B
CREDITS, NET
4 —
3 —
1951
1952
1953
1954
U. S. Department of Commerce, Office of Business Economics
1956
1955
FISCAL Y E A R S ENDED JUNE
30
56-39-S
17
SURVEY OF CURRENT BUSINESS
18
component of grants and credits. In fiscal year 1956 these
included $87 million in foodstuffs and cotton for famine and
other urgent and extraordinary relief authorized to be donated
abroad from Commodity Credit Corporation stocks by title
II of the Agricultural Trade Development and Assistance
Act. Donations of foodstuffs distributed abroad by American voluntary private relief organizations or the United
Nations Children's Fund continued to expand throughout
the year, aggregating $179 million, a 40-percent increase.
Table 1.—United States Government Net "Nonmilitary" Foreign
Grants and Credits 1 and Changes in Short-Term Claims, Fiscal
Years Ended June *30, 1955 and 1956
[Millions of dollars]
Fiscal year 1956
Item
Fiscal
year 1955
Total
July- October- January- AprilSeptem- Decem- March
June
ber 1955 ber 1955
1956
1956
Net "normiilitary" grants
arid (long-term) cred1, 957 1, 604
its 1
Short-term assistance
under agricultural sales
403
259
programs 2
Sales ( c u r r e n c y
809
378
clai ms acquired)
Less: Currencies
used by United
States v Govern119
407
ment
Net increase in other
—7
short-term claims 3 _
43
95
83
-19
7
6
6
2,209 2,007
414
423
511
1955 to total $472 million in the 12 months ended June 30,
1956. Although Export-Import Bank loan disbursements
were off $76 million, utilization of mutual security loans
increased $102 million, including $85 million disbursed abroad
for multilateral trade and economic development from foreign
currencies obtained under the Agricultural Trade Development Act.
Repayments last fiscal year totaled $511 million, $51
million over the preceding 12-month period. Principal factors
in this rise were the increased returns of lend-lease silver
borrowed during and immediately after World War II and
scheduled for return in 1957, and the accelerated repayment
of $26 million from France on the balance of merchant ship
sales credits extended in the early postwar period.
At the end of June 1956, outstanding foreign long-term
indebtedness to the U. S. Government, excluding World
War I debts, aggregated $11,755 million. On this indebtedness the Government collected in interest $271 million in
fiscal year 1956, approximately 2.3 percent on the average
amount outstanding. Although interest rates on new loans
extended are exceeding 3 percent, average interest collections
were off in the past year because many of the new mutual
security loans do not require interest payments for an initial
period up to 4 years. Also, the decline in indebtedness to
the Export-Import Bank reflected repayment of loans
186
659
Total
331
352
396
524
101
63
109
129
144
158
193
October 1956
314
Nonmilitary Grants and Credits
From fiscal 1955 to fiscal 1956 net transfers to
Western Europe were down, and to Asia up
1955-$2.0 Billion
1. "Nonmilitary" grants and credits include all defense support, relief, development, and
technical cooperation assistance, including all cash transfers to foreign governments except
the contribution? to the multilateral construction program of the North Atlantic Treaty
Organization. "Defense support" is economic assistance rendered to a country to sustain
its defense burden without undue effects on the minimum level of economic strength or
growth.
2. Net of liabilities to some foreign governments for currencies advanced to United States
before delivery of commodities.
3. Principally foreign currencies acquired as grant counterpart funds.
Source: U. S. Department of Commerce, Office of Business Economics.
Total agricultural exports financed by the Government
grant and credit and sales programs were over 40 percent
greater last year than in fiscal 1955, according to preliminary
data. They represented two-fifths of the gross deliveries
and cash payments under the Government nonmilitary programs—the highest proportion since 1949-50. In those
years aid programs had directly financed about three-fifths of
the United States agricultural exports; by fiscal year 1953,
the proportion had declined to le*ss than one-fifth, rising to
about one-fourth in fiscal 1954 and 1955, one-third last year.
Loan activity continues
U. S. Government foreign credit programs are more important than they appear to be from the figures on net foreign
lending in recent years. The volume of offsetting new outflows and principal repayments has continued to approximate
half a billion dollars annually, with significant shifts in the
geographical distribution of the new money made available.
These credits are an important component of the assistance
given by the United States in the development of productive
economies in the underdeveloped countries. Further, congressional intent has clearly stipulated the increased use of
repayable assistance—-particularly when for productive
development—-wherever possible.
Commitments to extend new credits exceeded $630 million
last fiscal year, one-eighth less than in fiscal year 1955.
Credit disbursements increased $28 million from fiscal year
Fiscal Years Ended June
*
30
Includes Greece and Turkey
U. S. Department of Commerce, Office of Business Economics
56
-39-7
SURVEY OF CURRENT BUSINESS
October 1956
generally earning higher than the average rates. Accelerated
principal repayments, such as that made by France, were on
above-average interest rate outstanding credits. Interest
collected by the Government on its foreign credits is not
included in the calculations of net credits.
Military rise widespread
19
"Nonmilitary" grant deliveries to Yugoslavia virtually
ceased after December 1955. However, U. S. Government
sales of foodstuffs in exchange for Yugoslavian dinars continued to expand. At the end of June 1956, the Government held short-term claims of over $177 million on Yugoslavia as a result of the agricultural sales.
Increase in Spanish assistance
The $500 million, or 19 percent, increase in reported
military grant deliveries last fiscal year was concentrated in
the spring and early summer of 1956, and reflected a significant proportion of deliveries of aircraft and related air force
items. Military assistance transfers increased more rapidly
in the Near East where they rose one-third in the past year,
and in the South Asia and Far Eastern area where the
increase was one-fourth. The percentage increase to Western Europe was smaller but the area accounted for threefifths of the total transfers during the year.
The major annual fluctuations in reported transfers of
military supplies were in deliveries from the United States
and from United States stocks abroad. Deliveries from the
production of foreign countries (excluding Canada) under
offshore procurement contracts aggregated over $600 million,
about the same as in fiscal year 1955, and were approximately
one-fourth of the annual deliveries in fiscal year 1956. New
contracts for offshore procurement have been relatively
small since fiscal year 1954.
Counter to the general trend evidenced elsewhere in
Europe, net transfers to Spain of grants and credits and
deliveries through the agricultural sales programs were all
sharply increased in the past fiscal year. In addition to the
$56-million increase indicated above, Spain received dollar
resources through an $18-million increase in the United
States short-term claim for commodities given, the equivalent of which is to be supplied by the Spanish Government in
payment of United States military costs of construction of
bases there, by the terms of the intergovernmental agreements for assistance.
These agreements provide a special situation whereby, in
addition to returning a 10-percent counterpart for most
economic grant assistance for general U. S. Government use,
the Spanish Government uses 60 percent to defray bills for
military base construction on which the United States would
otherwise have to make payment. The net U. S. Govern-
Geographical distribution shifts
Table 2.—United States Government Net Foreign Grants and
Credits and Selected Short—Term Foreign Assistance, by Area:
Fiscal Years Ended June 30, 1955 and 1956
The accompanying chart illustrates the sbift in the geographical distribution of "nonmilitary" assistance in the
past year. Net grants and credits for the major areas are
given in table 2, separately and in conjunction with the
short-term assistance resulting from the programs for foreign
currency sales of agricultural products.
Western European countries continued to receive a major
share of the short-term assistance in the last fiscal year.
Nevertheless, the general direction of the annual changes
depicted in the chart is not affected by the addition of the
short-term resources to the net grants and credits. From
fiscal year 1955 to 1956, the Western European portion was
halved, Near East and Africa gained slightly, and the Other
Asia share grew from one-third to over one-half. The
American Republics continued to receive about 5 percent
of the total net "nonmilitary" assistance with an increasing
part in the form of short-term assistance in fiscal year 1956.
Although many countries shared in the United States net
"nonmilitary" grant, credit, and short-term assistance in the
past 2 years, two-thirds went to the following 12 major
recipients (amounts in millions of dollars):
Fixc<il year
Fiscal year
1955
Korea
Vietnam
France
Pakistan
Y ugoslavia
Spain
256
158
397
32
143
60
1956
254
190
142
121
116
116
1955
China-Taiwan
Turkey
India.".
Japan
Iran
United Kingdom
101
73
80
—7
86
1M)
1956
112
102
100
81
44
— 15
The $233-million decline in direct financial payments to
the French Government in support of Far Eastern troop
costs, and to support military production in France, was the
single most important aspect of the decline in "nonmilitary"
transfers in fiscal year 1956. Similarly, military support
payments to the United Kingdom, which exceeded $100
million in fiscal year 1955, were very small from July 1955
until the April 1956 quarter, when foreign currency payments of $14 million were made. In that same quarter the
United Kingdom began returning (at the rate of about $1K
million a week) lend-lease silver borrowed during and
immediately following World War II,
[Millions of dollars]
Fiscal year 1956
Area and type
Fiscal
year
1955
Net grants and credits
Total
Total
Total
Military 2supplies and
services
Other aid
Western Europe (excluding Greece and Turkey) 3 and dependent
areas
Military supplies and
services 2
Other aid_
Near East (including
Greece and Turkey)
and Africa
Military supplies and
services
Other aid
Other Asia and Pacific
Military supplies and
services
Other aid
American Republics
Military supplies and
services
Other aid
Unspecified areas
Military supplies and
services
Other aid _
Net
grants
Net
selected
shortterm
Net
credits assistance *
4,772 5,051 4,648 4,688
-40
403
2,556 3, 044 3, 044 3,044
2,216 2,007 1, 604 1, 644
-40
403
2,525 2, 304 2,077 2, 300 -223
227
1,606 1,857 1,857 1,857
220
443 -223
919
447
227
624
95
47
386
386
386
289
333
381
238
389
1,327 1,752 1,706 1,557
95
149
47
46
740
966
68
740
817
111
149
-43
46
82
-43
-19
82
678
767
740
598
730 1,013
150
157
719
43
114
85
38
112
77
38
30
77
38
73
96
20
65
23
54
23
54
23
73 ~-19~
1. Short-term claim acquired by United States Government under agricultural sales programs, less short-term liability for currencies advanced by foreign government pending
delivery of agricultural commodities.
2. Includes contributions to the multilateral-construction program of the North Atlantic
Treaty Organization.
3. Because of the inclusion of dependencies in the grouping "Western Europe," data shown
for other groupings, particularly "Near East and Africa," are correspondingly understated.
NOTE.—For technical note on grants and credits see SURVEY, October 1954, p. 20. Data
for fiscal year 1956 are preliminary and partially estimated.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
20
ment economic grant to Spain thus only approximates 30 percent of the dollar resources extended to Spain. However,
until Spain provides the services in construction of the United
States bases there, a net accrual of resources exists, measured
by the United States claim, which totaled $26 million by
June 30, 1956.
Half billion to Korea—Indochina
For the second year, Korea received over a quarter billion
dollars in net "nonmilitary" assistance, including United
States short-term claims, becoming the major beneficiary in
the last year. U. S. Government assistance continued to
be directed in great part to the support of defenses against
potential Communist aggression. Funds were disbursed to
pay the dollar costs of specific development projects and to
finance imports into Korea of saleable commodities which
help to maintain consumption levels and to provide the local
currency required to support the Korean military budget and
measures for economic improvement.
Total "nonmilitary" assistance to the three Indochinese
states—Cambodia, Laos, and Vietnam—approximated that
to Korea, with Vietnam acquiring three-fourths, or $190
million. This included a $25-million credit disbursed to
Vietnam in April 1956. Many uses of economic assistance
in Vietnam were similar to those in Korea.
Table 3.—Foreign Grant and Credit Authorizations Available in
Fiscal Year 1957
[Billions of dollars]
Source of availability
Available in fiscal year 1956,
total
Estimated carryover from
fiscal year 1955
New authorizations for fiscal
year 1956
Anticipated use of foreign
currencies to be obtained
from sales agreements in
fiscal year 1956 under title
I of the Agricultural Trade
Development and Assistance Act
Principal collections on Export-Import Bank loans
during fiscal year 1956
Less: Utilization in fiscal year
1956
Equals: Estimated funds available as of June 30, 1956,
from prior authorizations
for aid _ _
Additions provided by 84th
Cong., 2d sess., total
Mutual security (Public Law
853) ___
Famine and other urgent and
extraordinary relief (Public
Law 540)
Estimated available proceeds
of additional sales under
extension of Agricultural
Trade Development and
Assistance Act (Public Law
962) ___
Estimated availability for foreign
aid in fiscal year 1957, and
for carryover into fiscal
year 1958
_ _
Total
Military
Other aid
supplies
and
services Total Grants Credits
The largest annual increase in deliveries of U. S. Government "nonmilitary" foreign assistance was to Pakistan,
where such aid quadrupled to total $121 million for fiscal
year 1956. Deliveries of grants and credits from mutual
security program appropriations for development and defense
support were more than doubled, and were augmented by
$38-million shipments of wheat and rice to avert threatened
famine.
Net "nonmilitary" deliveries to Japan increased almost as
much as to Pakistan. United States exports of foodstuffs,
tobacco, and cotton increased and were converted into a
$58-million 21-year loan for economic development and the
promotion of multilateral trade, and short-term claims.
Near Eastern trends
Despite increased U. S. Government defense support and
development assistance to Turkey in fiscal year 1956, the
condition of the Turkish economy continued serious, with a
persistent balance of payments deficit, and an extensive
decline in the curb market value of the Turkish lira. The
decline in the Turkish exchange rate has resulted in a reduction of $9 million in the value of the short-term claim for
foreign currency accepted by the U. S. Government for agricultural sales, although resources provided the Turkish
economy will not be recorded as grants or credits.
Annual financial assistance to Iran, for defense support,
including budgetary assistance, declined by half in the 12
months ended June 30, 1956, as earnings from the oil consortium operating in Iran increased. An initial disbursement
was made in May 1956 from the $53-million Export-Import
Bank line of credit established in 1954 for development.
Funds available for aid
14. 6
7. 3
7. 3
3. 9
3.4
11. 1
6. 2
4. 9
2. 4
2. 5
2. 7
1. 0
1. 7
1. 5
.2
.5
.1
.4
(i)
.4
.3
.3
.3
5. 3
3. 1
2.2
1.7
9.3
4.2
5. 1
2.2
4.5
2. 1
2.4
1.8
.6
3. 8
2.0
1. 8
1. 6
.2
.2
.2
.2
.5
.1
,4
13.8
6.3
7.5
P)
4.0
.5
2
2. 9
.4
3.5
1. Less than $50 million.
2. $1.0 billion is committed to various countries; $1.5 billion represents Export-Import
Bank uncommitted lending authority; and $0.4 billion represents other pending loans under
Public Law 480 agreements.
Source: U. S. Department of Commerce, Office of Business Economics.
October 1056
The second session of the Eighty-fourth Congress provided
an estimated $4% billion in new authority for foreign grants
and credits. In keeping with the trend of the past 4
years, the potential availability for the beginning of fiscal
year 1957 (including pipeline, of assistance on order and
carryover from prior authorizations) was down to $13.8 billion.
For the first time in many years, more funds were potentially available for "nonmilitary" grants and credits than
for military items (see table 3). The potential availability
includes the undisbursed lending authority of the ExportImport Bank, which amounted to $2.3 billion. The ExportImport Bank authorization is in the nature of a revolving
fund, not restricted to obligation or disbursement in a
particular period.
The amount shown in table 3 added by legislation for
mutual security loans is an estimate based upon the congressional intent that assistance emphasize loans rather than
grants wherever possible. An estimate is also given for the
additional loans and grants which are likely to be extended
under conditions of agreements made after June 30 as part
of the Agricultural Trade Development and Assistance Act
authority which was doubled by legislation enacted in July
1956. These estimates are extensions of the experience
through June 1956.
Further, the authority in title II was extended to include
payment of ocean transportation on surplus agricultural
commodities donated abroad through American private voluntary relief organizations and international organizations,
and the Commodity Credit Corporation was authorized to
process, if necessary, the surplus commodities being donated
through the relief organizations. These provisions are expected to increase foreign transfers under the authority for
donations through voluntary organizations (which is unlimited and not included in the estimate of availability in
table 3), to $350 million annually, or double the present rate.
y BUSINESS STATISTICS
_|_ HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SURVEY OF
CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 arid 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
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August Septen
ber
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income, total.. - - _ _
bil. ofdol
328. 3
334 4
334.9
338.7
do
do
do
do .__
do
-do
226. 8
213 6
177 5
9.8
26 4
13.2
230.3
233.0
217 0
180 5
9.7
26 8
13 3
219 4
182. 5
9.6
27 3
13. 6
237.2
223 5
186.2
9.5
27.8
13.8
Proprietors' and rental income, to talc?
do
Business and professionalcf
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
49.0
27 7
11.3
10 0
49.3
28 0
11.4
9 8
49.5
28 2
11.5
98
49.9
28 9
11.3
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 9
43 7
22 1
21 6
-2.8
11 5
39 8
42.9
21.7
21.3
-3.1
11 7
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
Gross national product, total
do
396 8
401 9
403 4
408 3
Personal consumption expenditures total
F)urable goods
Nondurable goods
Services
do
do
do
do
257 8
37.2
127 6
92.9
259 5
35.4
129 2
94 9
261 7
34.8
130 5
96.4
263 7
33.4
132 3
98.0
Gross private domestic investment total
New construction
Producers' durable equipment
Change in business inventories
do
do
do
do
62
33
25
3
65
33
25
6
63
32
26
4
64 2
33 1
27 5
3.5
3
5
0
7
1
0
9
1
1
6
4
1
.2
— 8
.1
1.7
76.5
46. 6
41.3
29 9
Net foreign investment
do
Government purchases of goods and services, total
bil ofdol
Federal (less Government sales)
do
National security 9
do
State and local
do
78 1
47.2
40 6
30 9
78. 5
46.4
40. 5
32 1
78.7
46. 1
40. 7
32 6
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
Personal saving §
do
15.9
18 8
18 6
21.2
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates :f
Total personal income
Wage and salary disbursements total
Commodity-producing industries
Distributive industries
Service industries
Government
r
bil of dol
308 7
311 0
311 6
314 5
317 5
316 7
317 1
318 6
321 7
322 8
324.9
324. 3
328. 2
do
do
do
do
- - do
213.4
92 1
56.5
28.7
36.1
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
227.1
98.3
60.3
30.6
37.9
49.0
27 1
17.4
7.1
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
'SO. 5
r
29.7
18.6
7.3
51.0
29.9
18.8
53
5 3
53
5 3
5 4
5 7
5 7
57
58
58
58
5.8
5.9
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 ofdol
310,3 ' 309. 4 312.9
295.9
299.4
301.5
304.0
307.6
Total nonagricultural income_.
do
293.8
296.9
302.8
306.8
301.6
r
Re vised.
tRevised 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.
cflncludes 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 CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October
1955
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:cf
All industries
7,449
mil of dol
8,398
7,462
1
8,880
9 587
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
0
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
33^
340
467
1, 475
2, 697
Seasonally adjusted quarterly totals at annual rates: cf
All industries
bil. of dol
29.65
31.45
32.82
34.49
' 36. 20
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 2 r 2, 570
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:
All 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
2 r 2, 560
2 r i, 207
1,353
347
728
262
' 3, 056
3,448
* 3, 248
' 2, 772
2,530
1,972
1,837
1,883
2, 038
2,091
2,336
P 2, 715
' 3. 043
' 1,666
1,377
332
738
290
3,433
1,913
1,520
339
836
325
' 3, 227 ' 2, 743
r
1, 821 ' 1, 485
1,406
1, 258
322
350
744
584
323
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
P 1, 247
v 1, 425
372
785
253
105
'112
99
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
122
121
122
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
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume
Unadjusted, combined index
Manufactures
Durable manufactures
Primary metals 9
Steel
Primary nonferrous metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
1947-49=100
do
do
. -do
do
..do
do _.
do
do _
do_. _
do
Transportation equipment 9 - - _ . - _ --do _
Autos
do
Trucks
do
Aircraft and parts.
_ _ __ _ _ . do _
Instruments and related products . _ do _
Furniture and fixtures
do
Lumber and products
do
Stone, clay, and glass products . _ _ _ _.do
Miscellaneous manufactures
__
do
Nondurable manufactures
Food and beverage manufactures
Food manufactures 9
Meat products
Bakery products
BeVerageS
Alcoholic beverages
Tobacco manufactures
Textile-mill products 9
Cotton and synthetic fabrics
Wool textiles
do
do
do
do
do
(JO
do
do
do
do
do
139
142
147
145
142
143
144
143
144
141
141
128
'142
* 145
140
153
132
141
150
144
157
143
150
173
150
164
149
154
171
148
163
149
156
173
143
161
147
154
175
144
160
151
159
172
146
161
152
159
176
145
161
152
160
181
146
162
151
159
183
142
157
144
154
'181
142
156
140
146
'179
129
' 139
'62
24
172
' 143
155
' 118
119
143
v 146
* 161
* 14S
162
139
153
131
194
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
168
152
200
172
134
168
154
196
174
136
172
154
206
167
130
167
151
198
166
132
165
150
195
' 160
r
168
135
p 169
^137
r- 176
v 153
"222
192
166
106
469
150
123
133
158
142
185
130
102
484
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
203
163
130
513
161
122
119
153
142
201
162
131
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
100
' 543
162
115
116
156
135
188
107
101
562
' 167
' 122
' 135
' 164
' 145
VITI
128
117
118
118
98
114
104
112
108
115
79
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
87
84
107
111
119
83
131
102
104
140
95
96
94
105
115
123
84
130
103
102
136
94
105
105
105
110
115
85
129
105
103
131
95
112
111
103
108
112
89
127
107
105
121
97
115
108
110
106
109
90
127
114
110
122
99
r 119
r 131
T 132
' 128
119
115
100
99
90
r 124
'157
r
146
178
113
' 111
118
'99
123
107
96
86
87
76
r 168
' 147
'208
r
v 177
v 126
r 136
r 164
" 150
122
122
116
98
103
104
92
116
95
109
108
114
124
107
117
120
117
117
111
116
Apparel and allied products
do
100
'90
106
106
112
99
102
109
120
99
109
108
107
Leather and products
do
163
144
165
163
160
157
162
163
159
146
157
167
155
Paper and allied products
do
161
143
163
163
161
162
144
158
156
158
151
150
Pulp and paper
do
130
125
134
128
132
133
126
128
135
135
130
131
123
Printing and publishing
do
176
173
' 167
170
179
177
179
179
178
177
176
163
171
Chemicals and allied products
do
' 185
184
' 193
200
197
199
201
201
192
197
197
182
190
Industrial chemicals
do
142
' 132
' 143
135
142
137
141
143
143
*143
140
136
138
138
Petroleum and coal products
do
149
144
142
150
' 148
152
154
151
148
148
141
143
143
Petroleum refining
do
123
103
129
125
146
140
139
149
140
150
144
155
133
Rubber products
do
r
Revised.
» Preliminary.
1 Estimates based cm anticip ited cap ital expend itures of business; tllose for th u 4th qua rter of 1956 appear cm p. 4 of i he Septernber 1956 SURVEY.
2 Revisions for July 1955 (mil. of dol.): Cash receip bs from far ming, etc ., 2,158; fa rm marke tings and CCC loa ns, total, 2,148:crot s, 955.
cf Historical data (annual totals, 1939 and 1945-55; ( uarterly, unadj. an d scasona ly adj. at annual ra tes, 1947- 55) appea r on pp. 6 and 7 of t he Juno 1956 SURV EY.
9 Includes data not shown separately.
cember 1955 for casl i receipts have been revised t o take int o account recent in formation
JRevised series. Annual estimates beginning 1910 and month ly data fo r the perk)d Januaryf 1 952-D e
on production, disposition, and price; unpublished dat a (prior t() June 19f 5) will b i shown 1<iter. Inc exes of ca sh receipi s and vol ame of m arketings (annuals, 1910-55; raonthly, beginning
January 1947) have been revised to reflect adoption of the 1947- 19=100 ba se period ; for the \ olume in dex, also wider co\ crage and use of ne \v price \v Bights. IInpublish ed indexe s (prior to
May 1955) will be shown later.
SURVEY OF CURRENT BUSINESS
October 1956
S-3
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
Septem
ber
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION- Con tinned
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
124
82
141
126
139
126
83
142
141
141
127
88
143
136
139
Seasonally adjusted, combined index
126
87
147
105
135
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
130
131
85
149
142
84
148
142
149
119 ;
62
'149
130
87
' 150
r 72
120
' 147 i 147
v 149
P 144
do
140
142
143
143
144
143
143
141
143
141 !
141
do
do
do
142
158
139
144
160
146
145
161
148
145
161
149
146
161
150
145
160
148
144
158
148
142
156
145
144
159
145
143
157
141
143
157
139
143 !
137 j
' 147 159
' 124
'68
146
163
151
Metal fabricating (incl. ordnance)
Fabricated metal products..
Machinery
Nonelectrical machinery
Electrical machinery
do
-do.
do
do.
do
168
137
159
140
196
170
141
161
141
199
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
166
132
162
147
191
171
135
171
151
208
167
130
168
149
206
168
132
168
149
205
' 169 • ' 173
' 129 r 133
' 175
172
' 152 ' 157
211
'210
174
136
176
157
213
Transportation equipment
Instruments and related products
Furniture and
fixtures
Lumber and products
__
Stone, clay, and glass products
Miscellaneous manufactures
do
do
do
do
do
. do.
203
153
124
127
155
145
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
202
161
120
124
155
143
197
160
120
121
156
141
194
163
121
122
158
142
<•- 186
164
121
121
1/52
145
190
164
123
123
161
145
190
167
' 124
' 125
160
145
' 195
' 171
194
171
125
128
160
146
Nondurable manufactures
- _ _ .-do.
Food and beverage manufactures
do
Tobacco manufactures
do.
Textile-mill products _
do
Apparel and allied products
do
Leather and products _
do
125
108
100
107
112
102
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
127
111
107
106
108
105
129
113
107
106
109
106
128
110
' 110
103
111
104
128
111
108
101
112
102
127
' 110
105
100
112
104
' 128
HO
do
__do_
do
- _ do
do
153
128
168
135
138
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
' 140
130
do
- do
do
do_ _.
do
121
82
141
105
130
123
80
141
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
122
77
'149
'60
142
128
87
' 150
100
. 138
p 129
p87
p 149
139
136
146
159
148
144
143
143
141
124
124
'117
122
p 111
152
166
141
117
127
254
110
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
'118
' 105
'125
130
106
'124
109
140
117
p 109
59
Manufactures
Durable manufactures
Primary metals
_ .__
Paper and allied products
Printing and publishing
_
Chemicals and allied products
Petroleum and coal products _ _ _
Rubber products
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
130
129
90
89
149
148
' 118 ' 117
' 143
138
136 i
' H2
r 124
' 128
- 161
' 148
P129
102
112
100
P142
CONSUMER DURABLES OUTPUT
Unadjusted, total output
1947-49=100
Major consumer durables
Autos - -.Major household goods
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
do
do
do
do
do
-do
do
238
' 116
129
p 127
136
125
147
121
p 133
p 119
do
151
154
152
151
149
143
137
133
132
124
124
129
do. __
do
_ -do
do
_ do
do
-_do_
169
189
155
121
143
294
107
172
195
156
123
147
279
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
137
122
' 153
118
' 161
233
110
52.8
53.1
52.5
53.2
53.2
52.9
52.9
53.1
53.2
54.4
54.3
'52.7
54.4
27.2
13.7
13.5
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
27. 5
13.6
13.9
9.9
3.4
6.4
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
do
do
do. _.
15.7
5.8
9.9
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
16.2
5.5
10.7
Manufacturing and trade inventories, book value, end
of month (seas adj ) total
bil of dol
79.6
80.0
80. 9
81.6
82.1
82.8
83.6
83.8
84.5
85.1
85.6
'85.8
86.0
48.0
27.7
20.2
48.6
28.1
20.4
49.1
28.2
20.9
'49.2
'28.2
'21.1
49.4
28.1
21.3
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
141
115
138
220
110
r
232
' 113
P114
BUSINESS SALES AND INVENTORIES §
Manufacturing and trade sales (seas, adj.), total
bii. ofdoL.
Manufacturing, total
Durable-goods industries
Nondurable-goods industries Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
do
do
do_-
Retail trade, total
Durable-goods stores
Nondurable-goods stores
Manufacturing, total
Durable-goods industries
Nondurable-goods industries
-
Wholesale trade total
Durable-goods establishments
Nondurable-goods establishments
-
do
do
-do
do__ ._
do
do.
do_._
do
- do
44.3
24.8
19.5
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
11.9
6.0
5.9
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
6.0
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
23.8
11.2
12.6
23.9
11.1
12.8
23.9
11.0
12.9
23.8
10.8
13.1
23.8
10.7
13.2
23.8
10.5
13.3
24.2
24.1
23.9
23.6
23.3
23.2
23.3
Retail trade total
do
11.5
11.4
11.0
11.2
10.7
10.7
10.8
Durable-goods stores
do
12.7
12.7
12.7
12.6
12.5
12.6
12.5
Nondurable-goods stores
do
' Revised.
p Preliminary.
Business inv<
§The term "business" here includes only manufacturing and trade. Business i nventorie s as showii on p. S-1 cover data
ta for manufacturing are shown on p. S-4: those for retail and wholesale trade on pp.
if
for al types of producers, both fann and nor arm, U aadjustecl
SURVEY OF CURRENT BUSINESS
3-4
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1950
1956
1955
August Septem- October Novem- December
ber
ber
January
February
March
April
June
May
July
August September
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
Machinery (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
27 411
13 491
2,223
1 585
3,332
27 c9<>
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
3 142
1 344
744
1 124
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
do
do _ .
do
.. do _
_ . do _
- do
do
. do
do _ _
13 917
4,392
360
1,187
883
1,984
2 382
470
2,259
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, 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, 251
3,962
306
1,078
883
1,977
2 549
425
2,071
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
T
Biiles value (seas adj ) 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
Lumber and furniture
do
Stone, clay, and glass
.
do
Other durable-goods industries
do
27, 229
13, 745
2 285
1,510
3,484
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
27, 814
13, 754
2,472
1,486
3,935
r
27, 651
13, 850
2,533
1,484
3,923
' 26 158 27 493
' 12 627 13 608
' 1 224 1 910
'1 382 1 456
' 4, 032 4,039
3 413
1,280
682
1,091
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
'3 058 3 156
' 1 152 1 226
'689
694
' 1 090 1 127
13,484
4 291
330
1,109
874
2,001
2, 382
456
2,041
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 ' 13 531
4,295 ' 4 161
324
'338
1,089
' 1, 082
889
'854
2,028 ' 1, 979
2, 552
' 2 448
'450
459
r
2,174
2, 210
r
Nondurable-goods industries, total
Food and beverage
__
Tobacco
Textile
._ _
Paper
,_
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries.
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-snoods 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
Othe^ durable-goods industries
- do _ .
By stages of fabrication:
Purchased materials
• -bil. of dol
Goods 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. of dol__
GroodQ in process
do
Finished goods
do
Inventories, end of month:
Book value (seas adj ) total
mil. of dol
Durable-goods industries total
do
Primary metal
- - - do
Fabricated metal
do.
M^achinery (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
By stages of fabrications
Purchased materials
bil of dol
Groodc in process
do
Finished good&
do __
r
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
Goods in process
Finished goods
Revised.
of dol
do
do
do
do
do .
do
do
do
of dol
do
do
' 27, 727 r 24 122
14, 235 ' 11 304
2.571 * ' 1, 063
1,484
' 1 271
4,057 r 3, 487
49, 284
28, 521
3,638
3,052
9,771
r
27 650
13 312
1,856
1 533
3,862
2 838
' 1 014
'661
'970
2 867
1 276
757
1 161
12 818
' 4, 077
'355
'920
'794
' 1 847
' 2 424
441
' 1, 960
14 338
4, 318
368
1, 145
'884
2,054
2 558
2, 538
13, 885
4 224
338
1,080
875
2,074
2,558
2,277
43, 945
24, 618
3 281
2,594
7 983
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
3,658
3,037
9,655
5,953
1,759
896
2, 152
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
6 578
1,845
1 038
2,261
6.8
10.0
7.8
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
7.9
11.4
8.7
19 327
4,348
1,719
2,410
1,046
3,047
2,783
811
3, 163
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
7.6
3.0
8.7
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
44, 315
24,768
3, 259
2,620
8,069
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 . 47^958
27, 432
27, 723
3, 688
3,677
2,933
2,877
9,292
9,094
48, 566
28, 123
3,770
2,920
9,523
5, 990
1,742
914
2,174
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
6,618
1,827
1,059
2,284
6. 7
10.1
8.0
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
7.9
11.5
8.7
19 547
4,374
1,829
2,434
1,078
3,112
2,755
863
3,102
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
2,793970
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
7 9
3.0
8.6
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
r
20, 763
4,337
1,785
2,618
1,181
3, 545
2,924
' 1, 004
3,369
r
8.2
3.1
9.4
' 49 180 48 994
'28,220
27, 956
'3 704 3 802
' 2, 943 2,874
'9 652
9 558
' 20 960 21 038
' 4, 492
4,628
' 1, 749 1,751
' 2, 612 2,646
' 1, 213 1,215
' 3, 557 3,546
r 3, 041
3,084
957
' 3, 339 3,240
'83
3.1
'9.5
8.3
3.1
9 7
' 49, 080 ' 49, 238 49, 422
28,174 '28 1 79 28 129
3,718
3,698
3,776
2,885
2,907
2,903
9,563
9 662
9 654
r
20, 906
4,587
1,879
2,618
1,181
3, 512
2,953
975
3,201
8 4
3.1
'9.3
' 21 059 21 293
4,634
4,655
1,861
1,863
2,586
2,673
1,225
1,253
3,540
3,618
3,041
3,053
987
' 3, 185
3,191
'8 5
3.1
9.5
86
3.1
9.6
_
_..
SURVEY OF CURRENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-5
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders, net (unadjusted), 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
O ther durable-goods industries
_do_
27, 945 ' 28, 796 ' 25, 936 29, 042
14 223
14, 867
15 236 r r13, 143
2, 014
2,131
2,488
2,180
1 492
1 401 r 1, 366
1,520
r
4, 007
4,613
4,003
4, 187
28, 443
14, 580
2,559
1 686
3,698
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
3.191
3,446
3,733
2,981
3 434
2,903
3 726
2,593
4 634
2 517
3 730
2,901
3 Oil
2,886
3 173
3,071
3 188
2,979
3 052
3,004
3,842
3,200
do_ _
do
do
13, 863
3,159
10, 704
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 Oil
10, 134
14, 036
3 134
10,902
13, 299
2 970
10, 329
13, 722
3, 035
10, 687
»• 13, 560
3 106
r
10, 454
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. _
28 718
15 145
2,611
1,606
3,833
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
r
3,844
3,251
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
13, 573
3,191
10, 382
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
51,809
48, 385
6,633
3,861
14, 705
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, 136
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
57, 525
54 678
7,026
4, 513
17, 725
58, 594
55, 679
6,635
4,430
18, 281
' 60, 408 61,800
'r57, 518 59, 073
7, 586
7,861
r
4, 525
4,512
' 18, 801
18, 942
18 360
4,826
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
20 750
4,664
21 473
4,860
r r21, 636
4, 970
3,424
3,308
3 286
3 417
3 372
3 282
3,192
3,013
2,886
2,847
2,915
10,983
11, 024
10, 698
10 157
11 539
13, 363
12, 503
12, 822
12, 475
13, 142
888
822
919
945
908
1,048
1,024
1,170
985
59
134
158
430
107
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
36, 028
33, 120
34 777
42 783
41 643
42, 890
49, 189
42, 622
1,987
9,663
10, 102
10, 024
4,252
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
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries without unfilled orders!-
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries wi thout unfilled orders!
do
do
do.
Unfilled orders, end of month (unadj.), 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 industries, including ordnance
do
Nondurable-goods industries, total 9
do
r
3, 001
' 2, 755
4,132
3,081
r 12, 793
r 2, 734
T
10, 059
14, 175
3,030
11, 145
27 883 * 26 998
14 185 «• r13, 513
2,319 r 2, 166
1,334
1, 366
4,311 r 4, 140
28 956
15, 106
2,174
1,381
4, 153
3,202
3,019
«• 3, 001
r 2, 840
4,491
2,907
13, 850
r 13, 698 »• 13, 485
3,061
3 045 ' 3, 072
r
10, 653 ' 10, 413 10, 789
r
22,901
4,857
2, 890
2,727
11, 952
11, 513
11,339
1,164
1,105
1,018
1,101
94
132
245
575
118
93
163
183
551
115
87
141
165
540
85
95
146
195
567
98
41, 871
59, 901
43, 013
48, 689
55, 040
2,900
6,967
17, 142
10, 772
4,090
3,619
8,877
28, 450
13, 242
5,713
3,588
8,598
10, 684
12, 812
7,331
7,442
7,488
9,005
11, 945
12, 809
4, 127
7,507
17, 828
14, 772
10,806
BUSINESS INCORPORATIONS <?
New incorporations (48 States)
number
INDUSTRIAL AND COMMERCIAL FAILURES &
Failures, total
number
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
-
do
do
do
do
do.. _
_
Liabilities (current) total
thous. of dol
Commercial service
Construction
IVTanufacturing and mining
Retail trade
Wholesale trade
--
--
do
do
do
do
--do ___
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
1910-14= 100. _
Prices received, all farm products J
Crops
Commercial vegetables, fresh market
Cotton
"
'
Feed grains and hay
Food grains
_
Fruit
Oil-bearing crops
Potatoes§ .
Tobacco
. _
Livestock and products
Dairy products
Meat animals
Poultry and eggs
Wool
-
-
-
232
235
229
224
222
226
227
228
235
242
247
244
237
236
do
do
. do
do
- - __do _
228
208
277
178
214
229
224
285
174
217
222
208
278
167
220
224
231
274
164
220
226
217
264
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
208
246
145
'437
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
236
249
251
191
240
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
261
273
247
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
280
279
280
279
278
281
280
282
284
286
286
287
288
287
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__
82
Parity ratio©..
do
r
Revised.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
!For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders,
cf Data 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
later.
§Includes sweetpotatoes and dry edible beans.
©Ratio of prices received to prices paid (including interest, taxes, and wage rates).
83
84
82
80
80
80
81
81
83
85
86
85
82
S-6
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SURVEY OF CUEKENT BUSINESS
October 1956
1956
1955
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
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
IVteats 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
208.1
208.9
208.7
208.2
208.1
207.6
207.7
208.2
208.8
209.8
' 211. 9
' 213. 6
212.3
114 5
103.4
111.2
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
i 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
105 7
111.3
102 9
120.0
110.8
103 2
130.5
128.0
115.8
106.3
125.4
115.9
166.9
120 4
WHOLESALE PRICES o?
(17. /S. Department of Labor indexes)
114.0 ' 114. 7
114.4
114.2
115.3
113.6
111.3
112.4
112.8
111.2
110.9
111.7
111.6
111.9
All commodities
1947-49=100..
Economic sector:*
96.4
95.0
95.4
96.6
96.7
93.2
91.5
93.4
94.9
89.9
95.7
89.9
93.3
Crude materials for further processing
do.
93.8
Intermediate materials, supplies, and components
122.2
121.3 ' 122. 6 122.9
118.6
119.1
119.4
120.0
121.0
121.7
121.7
119.1
120.3
117.6
1947-49=100..
114.1
115.2
114.0
112. 3
113.6
114.0
111.5
112.7
111.5
110.9
111.6
112.0
111.3
111.8
Finished goods©
.
do
89.1
90.0
90.2
84.1
90.9
91.2
89.3
84.1
82.9
88.0
88.1
86.8
86.0
86.6
Farm products 9
do
94.8
111.8
102.1
95.3
111.8
120.2
92.9
106.5
102.6
105.0
98.2
101.8
99.5
95.6
Fruits and vegetables, fresh and dried
do_
88.8
88.4
90.5
90.7
81.4
84.5
89.5
86.9
82.4
82.7
81.5
79.8
82.9
78.6
Grains
_ _
_ _
do
'76.0
72.9
74.4
75.7
75.5
62.2
67.5
75.5
71.8
59.3
63.0
70.8
74.8
67.7
Livestock and live poultry
do
102.6
102.2
100.2
102.4
104.0
98.2
99.2
102.3
101.5
98.3
100.4
101.9
99.0
98.8
Foods, processed 9
do
114.8 ' 114. 5 114.7
115.5
115.1
115.1
114.4
114.8
115.2
115. 4
115.3
115.1
115.4
115.6
Cereal and bakery products
.
do
107.9 ' 108. 9
107.9
109.6
104.3
105.0
105. 9
107.2
106.1
106.1
105.9
108.0
106.1
107.8
Dairy products and ice cream _ .
do
109.3 ' 107. 3
106.6
107.4
109.3
108.1
109.0
106.8
107.9
108.9
108.6
109.7
105.0
107.7
Fruits and vegetables, canned and frozen
do
85.1
83.7
82.1
89.3
87.5
83.1
81.6
75.7
79.3
86.3
77.8
75.3
76.1
74.6
Meats, poultry, and
fish
do
Commodities other than farm products and foods
' 122. 5
121.4
122.9
118.5
121.7
119.0
119.4
120.4
121.5
117.5
121.0
121.6
119.8
120.6
1947-49=100..
107.3
106.9
107.3
107.1
106.0
106.5
106.3
106.9
107.1
106.6
106.6
106.4
106.5
105.9
Chemicals and allied products 9 .. _
_ do
122.1
122.1
121.9
118.2
121.1
120.8
118.9
119.3
119.4
120.0
120.0
120.9
118.1
119.9
Chemicals, industrial
do
92.2
92.1
92.2
92.4
92.1
92.0
92.3
92.3
92.3
91.9
91.9
92.4
92.6
92.0
Drugs and Pharmaceuticals §... _
_ do
••53.8
55.4
58.2
60.3
55.1
53.7
55.8
57.6
55.6
55.0
58.1
54.6
56.6
54.4
Fats and oils, inedible
do
106.0
109.1
104.5
112.1
112.0
112.3
113.1
105.7
112.3
112.3
112.4
113.0
112.8
108.7
Fertilizer materials
__
do
119.1
119.1
119.1
119.1
115.0
117.0
119.1
119.1
119.1
114.8
115.0
115 8
119.1
114.8
Prepared paint
do
107.2
108.0
108.0
109.3
111.0
110. 6
110.8
110.7 ' 110. 9
108.6
110.5
110.9
Fuel, power, and lighting materials 9
_. do
111.2
111.0
110.1
112.9 ' 103. 8 114.4
102.2
108.1
108.7
109.0
111.9
112.3
109.4
109.9
109.9
Coal
do
111.7
93.2
'94.9
94.3
95.5
94.3
94.3
94.3
93.2
93.8
94.9
93.8
94.3
96.6
93.8
Electricity
_ do
109.3
115.4
107.8
121.1
109.7 ' 109. 4
109.4
110.8
115.5
122.7
117.5
106.8
122.0
111.3
Gas
do
118.3
114.2
117.2
118.3
118.8
114.0
115.0
117.5
118.4
113.0
115.6
117.5
116.8
118.3
Petroleum and products
- _ ..-do .
119.1
116.4
117.2
117.3
118.0
118.1
118.0
118.0
118.3
116.0
118.2
118.1
116.9
119.7
Furniture, other household durables 9
do
105.0
104.4
106.2
106.1
105. 3
105.2
105.0
106.3
105.6
105.1
105.5
106.6
105.8
105.7
Appliances, household . ._
_ do
115.2
117.4
118.0
119.2 r 119. 5
114.3
115.6
116.4
117.5
118.1
120.4
116.5
117.3
117.8
Furniture, household
do
89.4
89.5
89.6
'91.0
89.2
89.7
89.7
89.7
90.7
89.8
89.8
89.7
91.0
89.7
Radio receivers and phonographs
do
'69.6
69.3
69.3
69.5
69.5
69.7
69.9
69.5
69.1
69.3
70.1
69.7
69.9
68.9
Television receivers
do
95.3
100.0
94.0
100.1
96.4
96.7
96.7
100.0
100.2
93.8
97.1
97.7
100.6
100.2
Hides, skins, and leather products 9
-do
120.5
120.0
120.5
111.4
113.5
115.4
115.7
116.5
120.5
120.5
115.4
119.9
115.8
111.4
Footwear
do
60.4
'60.4
62.3
60.2
59.0
61.2
60.9
56.6
58.2
58.3
58.9
61.9
63.3
61.1
Hides and skins
do
90.9
85.1
86.1
89.5
87.7
88.4
94.6
92.9
91.7
91.6
Leather
do _
85.0
90.9
90.8
89.9
126.3
127. 3
125. 1
125.7
125.4
125.0
125. 1
128.0
128.5
128.0
126.6 ' 125. 2
124.1
126.7
Lumber and wood products
do
127.1
126.4
127.6
130.4
128.5 ' 127. 1
126.4
126.8
126.4
129.9
Lumber
do
128 2
130.6
129.6
125 8
130.0
131.4
132.5
133.3
135. 7
128.5
133.0
134.7
136.5
136.9
137.7
Machinery and motive products 9
- do
139. 1
133.9
136.8
126.3
126.9
122.4
126.7
126.1
126.5
126.8
126.1
126.1
126.5
Agricultural machinery and equip
do
126.8
126.8
126.6
127.4
142.1
138.2
140.5
142.4
143.2
149.4
143.1
Construction machinery and equip _ _ _ do_ _
143.5
146.6
143.5
144.8
147.8
146.8
151.3
130. 7
132.1
130.6
131.4
132.4
137.4
127.7
133.2
133.6
135.6
137.0
137.6
138.0
Electrical machinery and equipment
do
140.3
122.0
124.7
126.5
126.7
127.5
129.1
129.1
126.7
129.0
129. 1
129.1
122.0
129. 1
Motor vehicles
do
129 4
145.1
142.4
144.9
139.5
141.9
142.9
146.5
147.7
143.9
145.1
146.8
150.2
145.8
151.3
Metals and metal products 9 - — do_
117.2
117.3
117.3
116.0
117.4
117.1
117.1
117.3
117.9
117.1
117.3
117.4
Heating equipment
do
119.1
121 0
145.0
145.7
146.0
147.2
149.4
144.9
149.4
151.0
149.9
Iron and steel
do
149.1
150.8
149.5
159.4
160.7
154.2
156.6
163.2
145.0
153.9
153.9
152.5
155.8
157.1
162.0
160.0
158.0
Nonferrous metals _ _
_ - do
155.4
154 8
126.4
125.2
126.1
127.0
126.8
125.4
127.1
Nonmetallic minerals, structural 9 . _
do
128.6
128.6
130.6
127.9
130.8
128.9
131 1
144.3
145.3
143.9
144.5
144.6
145 6
145.9
149 3
142.9
146 0
Clay products
do
146 1
146 5
150 1
150 1
120.2
120.2
121.1
121.1
119.8
120.2
121.1
118.6
Concrete products
_ __-do .
121.7
121.7
123.4
121.9
123.0
124 8
122.1
122.1
122.1
122.1
122.1
127.1
127.1
127 1
127 1
127 1
127 1
Gypsum products
do
127 1
127 1
127 1
123.2
120.5
119.7
122.8
123.6
125.4
127.4
127.3
124.8
126.8
127.4
Pulp, paper, and allied products
do
127.7
127.9
127.8
131.0
131.2
130.5
131.7
136.2
Paper .
do
132.6
134.6
136.2
136.2
135.0
137.0
138.2
138.2
138 7
148.7
151.7
150 6
151 0
148 4
147.8
147 1
146 2
145 0
143 5
142 8
Rubber and products
do
143 3 r 146 9
145 5
147.2
147.2
147.2
151.8
Tires and tubes
do
151.8
151.8
151 8
151 8
151 8
149 3
151.8
151.8
153 4
153 4
95.4
95.3
95.4
95.6
95.6
95.7
96.0
95.9
95.1
94 9
Textile products and apparel 9
__do _
94 9
94 9
94 8
94 8
99 7
99 7
98.7
Apparel
do
98.6
98.6
99 0
99 1
99 5
99 5
99 7
99 5
99 4
99 7
99 8
92.5
93.2
91.7
92.8
93.7
94 3
93 8
94 1
92 7
Cotton products
do
93 7
93 1
92 3
91 9
91 5
126.8
123.7
128.7
120.8
120.6
120.5
119.5
Silk products _
do
119.5
125.0
124.7
121.0
122 0 ' 121 0 120 1
86.7
86.1
84.2
86.7
85.8
Man-made fiber textile products
do
84.8
84.8
84.5
80.6
80.3
80.2
80.4
80.3
80.4
103.0
102.1
102.8
102.5
103.9
102.8
102 9
102 9
Wool products do
102.8
102.6
102.7
103 1
103 4
103 9
121. 7
121.7
121.7
121.7
121.7
121.7
121.7
Tobacco mfs. and bottled beverages 9
do
121.7
121.7
121.6
121.6
121.7 ' 122. 5 122.8
114.7
114.7
114.7
114.7
114 7
114 7
114 7
114 7
Beverages, alcoholic
- do
114 7
114 6
114 6 ' 116 2 116 9
114 6
124.0
124.0
124.0
124.0
124.0
Cigarettes
do
124.0
124.0
124.0
124.0
124 0
124 0
124 0
124 0
124 0
90.3
88.0
89.8
91.5
Miscellaneous
do
88.8
88.7
88.2
92.1
89.6
92 9
96 1
91 3
91 1
89 8
113.4
113.6
113.8
114.3
115.0
Toys, sporting goods
do ...
115.8
115.8
115.7
115.8
115.8
115.8
115.7
116. 3
11fi.fi
' Revised.
1 Index based on 1935-39= 100 is 195.3.
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
later.
©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"
subgroup.
S-7
SURVEY OF CUEEENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
1955
August
Se
em
P* - October
ber
December
January
February
March
April
May
June
July
August September
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
Retail food prices
1947-49 = 100
do
do
90.2
87.3
89.9
89.5
87.0
89.6
89.6
87.0
90.3
89.9
87.0
91.1
89.8
87.2
91.3
89.4
87.3
91.6
88.7
87.2
91.7
89.0
87 3
91.9
88.0
87.0
91.2
87.4
86.7
90.1
87.6
86.1
88.3
87.7
85.5
87.1
'87.2
!85. 6
*88.4
186.7
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY t
4,205
4,148
4,037
3,702
3, 258
2,938
2,811
3,072
3,389
3,714
4,008
«• 4, 213
' 4, 279
4,267
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
2,893
1,587
1,435
119
2,879
2,810
1 509
1,360
116
2,663
2,435
2,176
1 080
2,550
2,730
r
r 2, 862
2,840
70
73
2,261
1 116
1,000
86
2,403
980
2,087
998
895
142
' 1, 240
140
1,416
1,235
140
786
786
784
Public, total
Nonresidential building
Military facilities
H ighway
Other types..
1, 417
1 427
New construction (unadjusted), total
mil. of dol._
do
_ do
do ___
do
...do
New construction (seasonally adjusted), total
do _
Private, total - . _ . .
_ _ ___do
Residential (nonfarm)___ _
_do
Nonresidential building, except farm and public
utility
mil of dol
Farm construction
do
Public utility ..
do
686
205
286
172
434
1, 561
1,410
119
1 419
1,280
107
1 279
1 160
88
1,212
1,070
109
664
1,270
1,105
128
1,362
1,180
142
'1,430
••1,245
213
303
159
433
219
306
132
437
224
297
111
407
715
679
650
647
656
226
258
109
373
237
253
121
398
251
266
139
427
704
759
261
290
150
448
1,312
380
131
569
232
1,269
1 227
1 039
823
286
97
263
177
762
292
84
210
176
724
285
78
195
166
811
303
84
230
194
986
318
98
350
220
1,164
1 278
'1,364
381
••133
575
275
3,638
2,620
1,433
3,623
2,629
3,658
2,563
3,686
2,559
658
132
385
374
136
633
226
721
350
136
524
217
223
270
98
369
321
116
405
197
223
251
97
341
224
252
101
334
337
113
470
244
357
127
535
259
3,580
2 519
1,322
3,618
2 506
1,286
3,625
2,522
3,585
1,375
3,601
2,551
1,342
1,279
2 531
1,268
679
132
384
685
132
391
678
131
389
665
131
389
664
130
416
688
129
418
708
128
419
733
127
419
744
126
423
748
125
423
1,018
335
376
994
339
345
1,004
1,050
1,061
1,112
1,103
1,054
1,095
1,127
1,123
64, 144
1,895
549
1,346
57, 673
61, 135
1,863
54, 856
1,797
50, 551
1,921
51,949
58, 056
1,860
79, 196
1,858
1,414
1,312
1,269
1,190
1,183
1,262
5,715
47, 886
681
5,540
4,686
49, 156
49 426
4,144
47, 895
709
692
46, 058
4,407
4,505
49, 837
5,863
55, 514
82 058
835
49, 211
72 039
53, 033
76 964
733
783
48, 346
73 638
44, 302
70 440
711
694
2,447
299
2,316
1,772
1,394
368
277
1,398
280
468
79
606
224
467
111
426
129
271
277
259
278
253
258
250
256
249
246
260
252
mil. of dol
1 240
I 786
Highway concrete pavement contract awards :cf
Total
thous. of sq. yd
Airports
do
Roads
do
Streets and alleys do
9,346
288
5 321
3,737
do
_do_ __
_ _. do
••1,422
268
301
159
462
714
3,598
2,594
Public, total _-Nonresidential building
Highway.
2, 849
1,422
326
363
337
403
321
432
332
467
339
443
322
411
1,276
318
438
1,257
327
443
3,678
2,555
1,250
340
425
273
294
161
481
r
••390
'143
r
600
284
' 3, 708 ' 3, 707
r
2 605 r 2 598
r
1,288 ' 1, 281
273
289
148
480
383
148
615
281
3,707
2 593
1,287
758
125
424
r
756
124
426
746
123
425
1, 103
1,109
r
1,114
340
408
r
345
403
348
397
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)§
2,035
621
551
527
730
675
598
2,382
638
81, 231
2,421
78, 801
62, 249
2,198
56, 713
2,149
1,766
1,466
1,412
6,737
60, 057
6,194
53, 739
6,186
56, 594
847
55,234
747
745
2,480
714
1,744
1,677
5,967
732
736
61, 271
2,069
620
1,449
62, 191
6,160
61, 467
630
881
822
46, 314
68 147
51, 942
77, 139
799
70, 833
108, 060
1,105
112, 465
1,144
68, 847
108, 172
1,129
52, 936
81, 020
47, 203
72, 665
80 278
1,105
1,902
359
337
311
2,271
356
1,218
367
2,667
365
2,532
418
2,739
374
2,660
301
448
124
386
147
391
93
494
84
510
89
550
166
587
159
585
169
506
147
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
272
264
259
265
1 526
1 369
1 693
1 593
1,781
2 379
1,869
2 120
1 622
1,835
1,828
5,798
490
5,999
8,362
798
7,578
337
3,764
3,477
7, 679
1,292
3 287
2,341
8,259
8,398
3,873
3,557
4,795
408
2,534
8, 909
1,150
2 5 229
2
2, 529
6,920
3,062
7,171
1,895
3 345
1,931
2,494
3,693
2 246
1,052
2 413
663
726
727
2
661
44, 569
1,726
4 319
2,214
4 547
3,017
72,290
819
8,513
1,084
794
826
720
4,149
2,810
758
1,893
6,061
52,044
874
1,480
1,486
3,219
NEW DWELLING UNITS
( U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
113.7 ' 107. 4
89.2
111.3
98.6
101.0
105.8
76.2
93.0
124.7
114.9
75.0
78.3
Total, privately and publicly owned- .-thousands ._
101.0
109.9
110.8
' 104. 6
100.5
89.9
88.4
93.9
99.1
113.6
Privately owned, total
. _ do
122.3
104.8
73.5
73.7
77.0
76.3
89.2
69.0
60.8
82.2
53.6
69.6
75.3
56.9
64.0
In metropolitan areas
do
75.8
53.6
'72. 8
70.0
.5
2.4
1.4
2.9
3.1
Publicly owned.. _
- - - - - - - - do
'2.8
1.0
.8
1.3
4.7
1.9
2.7
1.3
1.3
Seasonally adjusted at annual rate:
1, 346. 0 1, 262. 0 1, 209. 0 1, 179. 0 1, 192. 0 1, 195. 0 1, 127. 0 1, 094. 0 1, 157. 0 1, 146. 0 r 1,091.0 1, 070. 0 1, 110. 0 1, 000. 0
Privately owned, totalj
_-do
Building construction authorized, all permit-issuing
places:
« 108. 1
96.1
88.3
89.4
94.6
98.1
81.3
96.3
70.1
62.8
New dwelling units, total
thousands
57.6
71.1
« 106. 3
94 7
95 3
69 7
61 8
92 3
97 1
85 7
80 5
Privately financed total
do
87 7
56 6
70 2
84.5
76.5
95.3
86.1
61 7
81.2
86.5
71.9
62.9
54 6
Units in 1 family structures
do
78.7
50 2
2.2
3.2
3.1
2.5
»2.7
2.2
2.1
Units in 2 family structures
do
2.1
2.7
2.9
1.9
2.5
a 8. 3
6.4
6.1
Units in multifamily structures
do
7.1
6 9
4 6
51
7.8
6 0
7.0
4 5
7 8
2.6
.4
.8
2.4
1.0
Publicly financed, total
do
1.4
.9
1.8
1.0
1.1
1.0
1.7
r
Revised.
» Preliminary.
° Revisions for new dwelling units for July 1955 (thous.): Total, 98.3; private—total, 97.5; 2 family structures, 2.5; multifamily structures, 5.6.
1
Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 45.4 (September); consumer prices, 51.2 (August); retail food, 43.8 (August).
2 Data include some contracts awarded in prior months but not reported.
fRevisions 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,
cf Data for August and November 1955 and February, May, and August 1956 are for 5 weeks; other months, 4 weeks.
{Revised 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 CUKRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August Septem-
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=100Atlanta
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
Eesidences:
Brick
do
Frame
- -- do
Engineering News-Record :cf
Building
--- 1947-49=100-Construction
do
Bu. of Public Roads— Highway construction:
Composite, standard mile
1946=100. .
125.7
126.3
399
126.4
126.5
126.6
401
127.1
127.9
128.6
405
129.4
130.3
130.8
421
131.3
132.1
613
664
641
573
605
443
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
266 7
262.6
264.9
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
274 6
272.4
263 2
264.8
257.8
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
285.3
282.2
273 8
275.4
266 2
286.6
283.5
274.6
275.9
267.5
287.8
286.7
275 2
276.0
272 8
288.2
287.3
275.9
276.2
273.2
265.6
259.6
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
141.7
148 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
144.1
152.0
144.5
152.8
144.7
153.4
145.3
153.7
147.9
155.6
129.4
131.1
132.4
642
696
681
597
637
470
147.7
155.4
135.4
CONSTRUCTION MATERIALS
Output of selected construction materials, index:f
Iron and steel products
- - 1947-49=100. _
Lumber and wood products
do
144.1
146 0
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
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
1,275
1,344
1,364
1,417
1,246
1,181
1,138
1,012
880
782
746
712
778
342
503
167
303
426
152
261
385
137
253
351
142
251
316
145
284
333
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
152 2
129.3
164 2
138.6
r
164.0
130. 0
119.8
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of dol_- 279, 312
617, 282
Vet Adm * Face amount
do
Federal Home Loan Banks, outstanding advances to
1,187
member institutions
mil. of dol._
New mortgage loans of all savings and loan associa1,171
tions, estimated total
mil. of doLBy purpose of loan:
416
Home construction
do
553
Home purchase
do
201
All other purposes
-do._ .
New nonfarm mortgages recorded ($20,000 and under) ,
2,697
estimated total
.mil. ofdol.2 254
Nonfarm foreclosures
number
Fire losses
thous. of doL- 71, 103
202, 141 209 338
492, 888 468, 766
T
r
207 111
421, 178
208 192 237, 440
464, 937 504, 725
1,123
1,173
1,108
1,116
932
986
976
949
1,037
331
386
191
359
388
185
356
434
196
349
449
178
341
439
169
358
483
197
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
68,752
74, 930
1, 127
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted: t
Combined index
1947-49=100
Business papers
do_ ..
Magazines
do
Newspapers
do. __
Outdoor
__ _
do
Radio (network)
do
Television (network)
1950-52= 100
190
177
149
199
144
46
316
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
156.6
191.5
217.0
219.2
163.0
159.9
184.8
209.4
218.8
228.1
200.4
158.4
175.6
30, 345
3,358
8,661
5,947
3,849
3,203
5,328
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 r 37, 748
4,642
3,766
10, 094
10, 870
7,958 r 7,706
4,991
5, 507
3,214
3,118
7,344
6,780
42, 688
4,685
9,105
6,849
4,701
2,833
14, 515
40, 836
4,197
3,762
1,699
3,744
6,139
1,888
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
1,670
1,496
3,451
540
1,369
10, 881
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
4,205
4.689
5,570
Linage, total
-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.
j Data revised beginning January 1954; revisions prior to March 1955 will be shown later.
3.669
4.114
4.664
5.249
5.399
4.648
3.734
3.496
4.278
Tide advertising index, unadjusted
1947-49= 100- .
Television advertising:
Cost of facilities total
Automotive, including accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
All other
thous ofdol
do
do
do
do
-do
do
Magazine advertising:
Cost, total _.
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods soft drinks confectionery
Beer, wine, liquors
Household equipment and supplies
Household furnishings Industrial materials
Soaps, cleansers, etc
Smoking materials
All other
do. __
do
do. _.
do
do
do
do __
do
do
- ...do
do
do
do
5.265
SURVEY OF CURRENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-9
1955
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising:
Linage, total (52 cities)
Classified
Display, total
Automotive.
Financial
General __
Retail
__
_.
.
thous. of lines
do
do
do
do
do
do
.
__
219, 750
63 121
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
62, 494
156 629
15, 914
183 440
16 054
3 007
30 849
133, 530
207
19
3
39
144
209 949
20 045
3 440
38 514
147 950
192 398
12 568
3 421
27 128
149 281
154
14
5
26
108
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
201 822
17 088
3 657
40 952
140 125
176 872
15, 477
3 641
34 747
123 006
153
12
4
27
108
436
947
652
098
740
164, 803
12, 626
2 657
23 800
114, 259
390
797
678
778
137
693
220
200
955
318
2,749
26,430
122, 998
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :$
Goods and* services, total
bil. of dol
257.8
259.5
261 7
263.7
Durable goods, total?.
Automobiles a n d parts
__
Furniture and household equipment
do _
do
do _
37.2
18 5
14.5
35.4
16 5
14. 5
34 8
15 5
14 9
33.4
13 8
15.2
Nondurable goods, total 9
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
do _
do
do__
do
127.6
20 8
77.2
78
129.2
21 3
77.8
7 8
do
do
. . do
do
92.9
14.2
30.8
94 9
14.8
31 1
Services, tota!9
Household operation
Housing
Transportation ._
_
_
7.5
5
8
8
1
132.3
21 5
79.5
83
96 4
15 0
31 5
98.0
15.2
31.9
130
20
78
8
7.6
7.8
7.7
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total.
mil. of dol__
Durable-goods stores 9
Automotive group
Motor- vehicle, other automotive dealers
Tire, battery, accessory dealers
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, radio stores
_
15, 905
15, 824
15, 894
19, 268
13, 866
13, 686
15,864
15,029
16, 257
16, 724
15, 526
»• 16, 335
5,980
5,900
5,564
5,539
6,186
3 118
2 910
4 690
2 744
2 626
4 775
2 812
2 688
5 421
3 195
3 044
5 352
3 058
2 899
5,798
6,053
5,739
3 238
151
159
3,056
183
5 573
3 066
2 880
874
553
3 435
_do
do
do__
854
514
Lumber, building, hardware group.
_.do___
Lumber, building-materials dealers . do
Hardware stores
do
Nondurable-goods stores 9
Apparel group _
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores ._
Shoe stores
_
15, 622
do
do
do
do_.
3,252
182
340
1,032
795
237
3 367
3,201
167
2,786
177
822
490
909
562
331
1,037
786
251
9 642
do
do
do
do
do
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
-Gasoline service stations
do
do
do
do
do
.do
432
1,282
3 617
425
1,220
3 766
1,108
1,562
833
111
General-merchandise group.
do
Department stores, excl. mail-order cf
do
Mail-order (catalog sales)
do
Variety stores
-. do...
Other general-merchandise stores
do
Liquor stores
do
Estimated sales (seasonally adjusted) , total
740
144
281
165
150
3,055
255
364
287
2 964
10 005
910
166
342
206
197
3 039
2 866
172
927
584
208
1,163
704
757
464
808
502
787
491
306
296
321
701
526
175
698
527
171
843
636
207
929
701
227
1,035
13 083
1 598
9 176
10 443
1 003
9 677
721
161
292
143
125
8 911
10 459
402
621
353
222
180
403
216
204
833
160
344
172
157
963
193
388
199
182
343
1,047
788
259
958
715
244
947
630
317
10 260
10 355
988
219
382
222
165
761
462
124
293
348
974
193
374
227
180
118
459
299
667
137
278
135
116
769
266
3 363
3, 155
208
3 110
2,919
12 659
186
191
1859
846
516
••900
364
331
334
1,090
1,024
1,050
10 671
9 953
10 596
' 863
921
556
814
275
989
227
364
203
195
774
250
768
163
290
168
146
16, 249
477
1,209
3 786
3 221
1,154
477
1,270
3 980
3,413
1,201
464
1,306
3 772
3 215
1,239
1,674
920
112
1,807
993
116
1,956
1,076
158
3,010
1,617
183
1,278
693
89
1,271
667
97
1,649
884
106
1,514
854
95
1,703
941
113
1,700
932
105
191
305
274
206
300
263
274
386
306
221
346
282
256
392
308
274
388
313
245
330
318
do
15, 662
15, 840
15, 777
15, 808
15, 795
15, 658
15, 346
15, 740
15, 541
15, 892
15, 998
16, 019
Durable-goods stores 9
do
Automotive group
do
Motor- vehicle, other automotive dealers do
Tire, battery, accessory dealers
-do
5 763
5 840
5 764
5 689
3,261
5 677
5 456
3 020
5 354
3 008
5 466
3 049
2,881
5 303
2 867
5 396
2,961
5 500
5 514
2,981
3,363
3,384
3,107
3,233
3,068
165
3,280
2,785
176
1, 006
i 1, 693
1926
446
1,134
3 532
3 006
1,090
595
616
493
1
r 1, 663
983
479
1,114
3 939
3 376
1 078
291
432
319
168
338
190
167
1,414
748
90
459
1,084
3 517
2 986
1 012
451
1,041
3 446
2 927
1,049
590
1,182
4 168
3 542
1,104
282
416
312
800
251
1462
i 1, 256
13 910
i 3, 298
i 1, 202
432
1,126
3 648
3 078
1,085
266
377
302
566
••475
437
1,204
3 705
3 146
1,083
3,205
r
1 15, 658
' 1, 333
r
3 988
r
3 400
r
1, 253
898
120
271
374
328
5 508
2,812
3,022
2,845
178
2,997
173
3,090
171
169
2,703
164
184
2,806
174
Furniture and appliance group
Furniture, homefurnishings stores
Household -appliance radio stores
do
do ._
do
827
492
336
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
899
537
362
899
550
349
886
552
333
Lumber, building, hardware group
Lumber building-materials dealers
Hardware stores
_
do do
do
916
684
232
950
705
245
963
725
238
935
710
225
929
689
240
938
699
238
899
674
225
925
692
234
958
718
240
945
701
245
979
716
263
968
720
248
933
688
245
do
do
do
do -do
do
9.900
892
194
339
186
173
10,000
895
183
346
192
173
10 013
10 119
10, 118
10 202
9 992
10 274
10 238
10, 496
10, 498
10, 505
10 741
1,039
do _
do.-_
do
do
do
3,683
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
--
3,192
171
442
1,165
3,114
1,026
3,214
171
449
1,167
3,696
3,133
1,033
908
183
355
201
169
447
1,159
3,686
3,121
1,042
916
191
354
200
172
912
193
372
189
159
2,869
151
927
200
368
189
169
447
459
465
3,728
3,726
1,158
1.171
3 747
3,186
1 082
1,164
3,164
1,078
3,176
1,083
2,855
153
924
191
364
200
170
455
1,152
3 680
3,128
1 088
916
177
368
201
170
485
921
198
355
199
168
467
965
201
373
222
170
483
1,192
3 756
3,702
1,202
3,818
1 154
3,167
1 130
1,135
3,205
1,200
3,260
957
210
366
209
172
956
209
364
215
168
480
479
3,769
3,842
3,272
1,241
3,215
1, 163
1,191
1,150
223
411
213
192
487
1,215
3 890
3,306
1 164
1,763
1,752
1,700
1,730
1,645
1,702
1,672
1,693
1,671
1,702
1 714
1 781
1,711
General-merchandise group
do 901
940
914
974
913
923
926
971
948
913
943
936
878
Department stores, excl. mail-order
- do
113
122
113
112
115
110
117
110
123
116
111
113
118
!Mail-order (catalog sales)
do
291
276
282
273
282
286
290
294
278
279
268
273
256
Variety stores
do
412
384
385
381
384
380
385
392
370
393
403
385
378
O ther general-merchandise stores
do
303
342
327
306
346
300
307
308
329
298
315
315
318
Liauor stores
do
'Revised.
i Advance estimate.
{Revised series. Estimates of personal consumption expenditures 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.
9 Includes data not shown separately.
cTCorrection: 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.
SURVEY OF CUERENT BUSINESS
S-10
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
24,880
11,830
24,450
11,490
12, 960
23, 510
10, 860
12, 650
23,900
23,830
July
August September
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated inventories:
Unadjusted, total
_..
Durable-goods stores
Nondurable-goods stores
..mil. of dol._
do
do
Seasonally adjusted, total
Durable-goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
do
__do
do
do
do
Nondurable-goods stores
Apparel group
Food group
General-merchandise group
do
do
do____
do
23, 350
10, 850
4,150
1,960
23,230
23,290
10, 720
10, 720
1,970
1,960
3,970
3,990
Sales, unadjusted, total U. 84-
1,980
1,990
1,970
1,980
4,380
11, 030
4,310
2,350
2,360
2,340
2,000
2,320
12, 760
12, 600
12, 780
12, 870
10, 750
4,010
2,010
' 23, 300
23,540
' 10, 650 10, 400
' 12, 650 13, 140
23, 800
10, 650
2,330
3,960
2,000
2,270
13, 080
13,150
23,760
10, 470
3,880
1,990
2,210
4,160
4,180
13,390
2,840
2,790
4,230
3,014
3,167
2,770
3,052
192
14
76
69
200
16
76
75
143
10
57
55
162
10
68
60
63
60
26
66
63
31
69
66
29
67
65
26
67
67
29
792
366
748
388
838
417
867
430
722
350
858
522
82
156
1,166
52
45
117
215
1,389
61
55
103
170
1,174
69
57
118
197
1,280
75
67
127
211
1,377
78
74
103
185
1,221
76
64
130
207
1,324
81
63
2,936
2,905
2,954
2,914
3,000
2,999
3,019
3, 185
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
186
14
73
64
70
64
30
184
15
70
64
68
61
30
193
15
75
68
70
63
28
820
384
861
417
829
397
836
395
839
416
856
397
843
392
862
405
1,002
540
121
216
1,208
69
59
120
208
1,240
69
60
124
213
1,218
70
59
118
208
1,239
66
57
125
216
1,261
69
61
115
204
1,237
72
61
126
218
1,286
70
62
126
216
1,284
69
64
125
221
1,294
70
61
125
224
1,307
68
58
148
282
163
296
217
333
178
330
150
324
146
321
145
319
148
318
145
318
132
315
134
316
45
15
47
15
47
15
46
15
43
14
44
14
47
16
43
15
46
15
46
15
44
14
45
14
45
42
13
44
44
12
44
43
13
44
44
12
46
43
11
45
42
13
44
43
13
44
43
13
44
43
13
44
44
12
45
42
13
45
42
13
45
42
13
2,730
2,760
2,570
4,080
2,720
2,570
4,170
4,170
2,690
2,580
4,200
2,660
2,600
2,994
4,029
2,449
201
20
78
59
316
33
128
91
128
11
48
43
65
63
33
63
60
35
99
63
33
827
404
874
425
938
428
117
192
1,121
84
64
120
200
1,225
81
57
130
212
1,200
78
59
2,836
2,875
177
15
70
59
64
60
29
181
15
70
61
66
60
28
819
386
2,660
2,570
4,100
4,140
2,740
2,680
4,090
2,464
3,058
2,722
121
9
48
40
222
16
84
78
160
12
61
58
62
56
25
62
56
24
69
61
30
1,470
622
596
281
600
271
141
224
1,175
70
58
221
456
1,417
58
85
87
144
1,145
53
44
2,820
2,898
2,916
182
16
72
60
65
60
30
189
16
73
64
66
62
29
185
16
74
60
70
62
28
839
397
800
376
833
388
119
210
1,191
71
58
126
215
1,203
69
60
120
205
1,185
68
59
125
268
137
274
46
14
2,510
2,720
2,600
2,780
2,750
2,810
2,760
105
123
128
148
212
95
92
111
113
121
119
101
P113
136
120
123
116
131
127
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
136
106
110
109
132
117
143
112
119
114
143
124
131
114
121
113
130
119
128
84
97
98
129
107
P140
do
do
do
do
do
do
102
82
92
'113
109
'119
119
111
124
138
122
123
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
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
PllO
do
'119
121
122
122
123
124
118
122
122
122
124
128
P128
do
do
do
do _ _
do
do
143
107
'114
114
'141
124
140
112
118
116
131
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
P156
P118
P125
P121
P148
P131
do
do
do
_ _do
do
do
Sales seasonally adjusted, total U. S4
11, 100
4,490
13, 050
'128
86
103
104
'132
117
..1947-49=100..
.
23,880
11, 220
12, 690
781
369
_
23,820
11, 450
4,710
2,010
4,680
12, 670
63
62
27
__
24,210
11, 390
4,470
12, 590
2,780
2,540
4,050
62
63
30
_
24,080
11, 230
12, 570
. _ .do
do
do
__
23,900
12, 510
196
17
76
62
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
11, 680
12, 860
12, 500
2,949
General-merchandise group 9
do
Department stores
do
Dry-goods, other general-merchandise stores
mil. of dol__
Variety stores
do
Grocery stores
do
Lumber building-materials dealers
do
Tire battery accessory stores
do
24,540
11, 330
12, 510
2,340
185
12
69
68
do_
do
do
do
do
do
do
23,840
10, 870
11, 920
2,380
2,896
do
1,980
22,790
12, 030
2,360
143
9
61
50
Apparel group 9
- Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
23,590
11,000
4,250
22,440
10,410
2,380
2,713
Estimated sales (seas adj ) total 9
10, 930
13,850
2,380
do
do
do
do
Dry-goods, other general-merchandise stores
mil. of dol_.
Variety stores
do
Grocery stores
do
Lumber, building-materials d'ealers
do
Tire, battery, accessory stores
_
do
24,780
2,350
do
General-merchandise group 9
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
10, 390
13, 500
do
Drug and proprietary stores _
Eating and drinking places. _ _
Furniture, homefurnishings stores
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
10, 390
12, 910
4,040
Apparel group 9
Men's and boys' wear stores _ _ .
Women's apparel, accessory stores
Shoe stores -_
-
_
23,300
2,760
2,480
4,050
Firms with 11 or more stores:
Estimated sales (unadjusted), total 9
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
23,890
23,080
10, 760
12, 320
» 130
P113
PllO
P138
P124
P90
plOO
P122
P117
P126
P128
112
114
112
112
113
P116
110
116
108
112
109
110
107
Minneapolis
do
104
115
P117
114
107
110
116
110
105
109
106
108
110
New York
do
121
116
121
125
P124
121
122
119
120
118
114
120
120
Philadelphia
do
134
132
129
137
135
140
134
138
131
P145
132
134
134
Richmond
do
122
119
125
126
128
123
129
135
P129
122
124
119
120
St Louis
do
122
126
124
123
128
131
132
P131
125
130
126
126
'123
San Francisco
___
do
' Revised.
» Preliminary.
9 Includes data not shown separately.
rith
JData 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 w 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 CURKENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-ll
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued
Stocks, total U. S., end of month: I
Unadjusted
Seasonally adjusted
1947-49=100..
do
Mail-order and store sales:
Total sales, 2 companies.
Montgomery Ward & Co.
Sears, Roebuck & Co
thous. of dol
__do
. do
__
'127
129
145
129
148
131
119
134
123
137
131
138
139
135
142
136
139
134
131
137
130
138
"138
"141
380, 993 ' 338, 835 414, 465
87, 206 ' 92, 152 102, 795
293, 786 299, 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
11, 110
3,780
7,330
135
129
405, 229
94, 412
310,817
WHOLESALE TRADE
Sales, estimated (unadj.), total
mil. of dol
Durable-goods establishments
do...
Nondurable-goods
fistablishmpmts
do
10, 540
3,570
6,970
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
r 10, 060
Inventories, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
11, 870
5,970
5,900
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 12,830
6,590
6,530
r
6,300
6, 040
do
_. .do
do
3,500
' 6, 560
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseascT
thousands
165, 519
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
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total©
thousands
Civilian labor force, total
Employed
Agricultural employment
Nonagricultural employment
Unemployed
Not in labor force
- _
117, 517
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
70, 695
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
do
do
do
do _
do
Total labor force, including Armed Forces
67, 726
65, 488
7,536
57, 952
2,237
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
46, 823
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
50,484
16, 820
9,582
7,238
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
.do
Employees in nonagricultural establishments :f
Total, unadjusted (U. S. Dept. of Labor)
do .
Manufacturing
do
Durable-goods industries
do
Nondurable-goods industries.
do
' 50, 896 ' 51, 884
r
16, 291 ' 17, 037
' 9, 277 ' 9, 758
' 7, 279
r 7, 014
P52, 131
Pl7, 061
p9,750
p7,311
'821
112
P818
P 112
229
P232
Mining, total
do
Metal
_ _ _ . _ _ do
Anthracite
do
Bituminous coal
_
....
.__do
Crude-petroleum and natural-gas production
thousands. .
Nonmetallic 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
779
97
33
216
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
322
111
3,088
4,136
1,246
112
767
731
42
574
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
Wholesale and retail trade ...
_ _ do
Wholesale trade
do
Retail trade 9
do
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do _.
10, 713
2,864
7,849
1,333
1,485
817
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
2,265
5,996
583
338
160
6,687
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, 315
do
16, 677
do
do_ __ 9,618
7,059
do
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
r 16, 460
r 9, 392
r
7, 068
' 51, 707
' 16, 895
' 9, 800.
' 7, 095
P51,
P16,
P 9,
P 7,
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
' 3, 056
' 4, 117
T
11, 152
r 2, 296
' 6, 017
'813
' 3, 077
' 4, 148
' 11, 206
' 2, 315
' 6, 017
' 7, 236
P814
P 3, 042
P 4, 158
p 11,144
p 2, 314
P 6, 014
P7, 260
Finance, Insurance, and real estate
Service and miscellaneous 9
Hotels and lodsin0' places
Laundries
Cleaning and dyeing plants
Government
...__.
.
.
Total, seasonally adjusted f
Manufacturing . . . _
Durable-goods industries
.
Nondurable-goods industries
Mining
_
_
Contract construction
Transportation and public utilities.
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government
-
.
do
do
do
do
do
do
do _ _
do
__do .. ..
do
do
do. _
- do
771
2,833
4,105
10, 873
2,232
5,878
6,946
'746
'85
31
••183
332
114
v 113
115
' 3, 270 ' 3, 354 v 3, 301
' 4, 148 ' 4, 179 * 4, 188
1,173
109
789
777
43
585
11,015
' 2, 974
' 8, 041
' 1, 340
' 1, 575
802
' 11, 042
' 2, 999
' 8, 043
' 1, 342
1,568
797
Pll, 144
P 3, 004
v 8, 140
p 1, 398
p 1, 582
p787
' 2, 342 ' 2, 350 p 2, 314
' 6, 137 P 6, 104
r 6, 137
582
340
168
' 6, 947 ' 6, 964 P 7, 201
r 7, 155
555
809
740
069
Production workers in manufacturing industries:
13, 078 ' 12, 514 ' 13, 250 P 13,276
13, 036
13, 114
13, 212
13, 125
13, 451
13, 260
13, 264
13, 487
13, 365
13, 440
Total (U S Dept of Labor) f
thousands
7,602 ' 7, 081 ' 7, 555 P 7, 548
7,613
7,674
7,692
7,621
7,612
7,751
7,554
7,721
7,829
7,838
Durable-goods industries
do
'79
P80
82
83
83
84
86
84
87
93
91
89
89
87
Ordnance and accessories.
do
f Revised, *> Preliminary. J See corresponding note on p. S-10. d1 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
or 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 CUKRENT BUSINESS
S-12
October 1956
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries— Continued f
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 (except electrical)
do
"Rlectrinal machinery
<1n
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
Durable-goods industries
do
Nondurable-goods industries
do
Production workers in manufacturing industries:
Indexes of employment :f
Unadjusted
..
1947-49=100
Seasonally adjusted
do
720
384
1,097
715
378
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
667
359
311
480
1,117
696
369
311
484
1,118
'688
368
304
473
'743
564
567
559
564
567
567
567
563
568
557
564
213
50
53
53
54
54
54
54
55
55
55
56
57
893
1,166
912
1,162
845
1,324
668
501
103
44
227
412
921
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
1,449
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
'864
P873
' 1, 254 ' 1, 259 v 1, 270
P885
854
'875
' 1,250 '1 245 * 1, 200
563
523
113
45
'229
P235
233
v 411
'402
'381
5,710
1,259
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
5,520
5,504
5,440
5,423
1,023
256
74
147
170
117
1,051
258
77
159
172
120
5,476
259
83
331
172
131
1,104
262
81
188
175
129
' 5, 433
' 1, 158
265
83
233
173
132
109
986
440
206
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
420
197
1,087
460
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
234
527
541
218
178
134
215
91
349
228
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
215
'170
134
'208
89
'330
218
13, 137
13 132
7,598
5,534
13,250
7,680
5,570
13, 379
7,781
13, 399
7,800
5,599
13, 356
13, 263
7,681
13 158
13 251
13, 224
13, 149
5,598
108.1
106.2
108.7
107.1
109.0
108.2
108.7
108.3
2 146 9
2,146 1
2 142 2
209.6
1,122
1,115
84.7
84.5
84.2
86.0
158.6
161.1
316
475
822
1,348
701
493
105
41
225
399
232
7,593
5,544
107.2
106.2
Miscellaneous employment data:
Federal civilian employees (executive branch):
2 164 5
United States continental
thousands
Washington, D. C., metropolitan area
do
211.5
Railway employees (class I steam railways) :
1,126
Total
_
thousands-Indexes:
85.0
Unadjusted..1947-49=100..
83 5
Seasonally adjusted
do
209.2
209.6
1,022
264
67
141
170
110
1,021
262
71
140
169
115
5,582
7,594
5,564
107.2
108.0
106.8
107.2
106.1
106.4
2,410 0
1
214. 6
2 130 0
2 134 0
2 135 8
1,107
1,103
1,078
1,075
1,075
83.6
85.5
83.0
84.8
81.1
80.3
80.7
80.8
80.7
81 4
163.8
163.7
159.1
157.7
157.9
1
7,770
5,586
1,013
259
68
140
169
110
207.6
207.9
207.9
'697
'314
'485
'1,103
P687
p319
P478
P 1,112
'5 695 p 5,728
'1,270 p 1, 301
' 101
'945
' 1, 085
'470
'550
' 551
p 109
P942
p 1, 078
P469
P555
p 553
176
p 175
'210
P215
337
p331
' 12, 693 ' 13 123p 13, 032
' 7, 197 ' 7, 600 p 7, 541
'5,496 ' 5, 523 P 5, 491
5,591
7,592
5,557
106.0
107.1
105.4
106.9
105.7
' 106. 3
' 101. 2
' 102. 6
2 142 1
2 150 0
207.6
2 166 6
211.7
2, 182 0 2 181 1
' 212. 8
211.9
1,083
1,097
1,110
'1,058
1,071
1,075
81.3
82 4
82.4
81.3
83.4
81.6
'80.0
'78.3
P80.4
P80.7
158.2
157.3
158.2
'151.0
' 161. 1
7,675
5,576
207.8
7,633
r
' 107. 1
' 106. 1
p79. 0
p 107. 3
p 105. 4
p80. 5
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor) f
1947-49= 100. .
154.6
*> 164. 2
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :f
41.1
41.2
41.3
40.5
'40.2
40.2
40.7
40.4
40.0
40.3
P40. 5
40.6
40.9
40.1
All manufacturing industries
hours. 3.0
2.6
2.7
2.6
2.8
2.7
p2. 9
2.7
2.7
Average overtime*
do _
41.2
42.0
41.5
41.0
40.8
41.7
41.8
40.6
'40.7
41.1
40.8
41.1
40.9
Ml. 1
Durable-goods industries
do
2.9
3.1
3.0
2.9
2.8
2.8
p3. 1
2.9
Average overtime*
do
2.9
41.0
41.3
41.3
41.3
41.6
41.3
41.6
41.5
'41.2
41.8
40.4
41.0
41.8
Ml. 4
Ordnance and accessories
do
Lumber and wood products (except furniture)
40.2
41.1
41.0
40.5
40.4
40.0
39.9
'41.3
41.5
41.0
39.6
39.9
40.1
P40. 7
hours. .
40.7
41.4
41.6
40.6
40.1
42 1
41.4
41.1
41.5
39.8
40.6
40.0
Sawmills and planing mills
do
39.9
42.3
41.1
40.2
42.3
40.3
40.2
42.4
40.8
42.0
42.0
41.0
'41.3
P41. 8
Furniture and
fixtures
do .
41.5
41.0
41.4
41.9
41.6
41.0
41.0
41.3
41.1
41.9
40.9
P41. 2
41.9
41.9
Stone, clay, and glass products _.
..do
40.9
40.5
41.1
41.0
39.3
41.2
41.0
41.6
41.6
41.9
41.9
40.0
41.8
P40.6
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
40.6
41.3
40.4
40.3
40.6
40.7
41.8
37.8
41.4
40.7
40.4
hours
39.9
Primary smelting and refining of nonferrous
41.2
41.5
41.3
41.3
41.3
41.2
41.3
41.3
41.1
40.9
38.9
41.6
metals
-hours Fabricated metal prod, (except ordnance, ma42.2
41.1
41.0
'40.6
P41.1
41.1
40.8
41.9
41.9
40.9
40.8
41.6
41.0
41.8
chinery, transportation equipment)
hours. .
43.2
42.1
P42. 1
42.2
42.3
42.4
42.7
42.6
42.4
42.0
42.5
41.8
'41.6
41.6
Machinery (except electrical)
do
l
' Revised.
» Preliminary.
Includes Post Office employees hired for Christmas season; there were about 280,000 such employees In continental U. S. in December 1955.
tSee 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 premium 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 CUEEENT BUSINESS
October 1956
S-13
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
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
do
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
JCnitting mills
_. do
do
do
do
do
do
do
_ do
. .
do
do
__do__ _
do
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
Nonmanufacturing 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
^V^orkers 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 cf
thousands
Insured unemployment, weekly averaged1
do
Benefit payments:
1
Beneficiaries weekly average^
do
Amount of payments cf
thous of dol
Veterans' unemployment allowances:
Initial claims §
thousands
Insured unemployment weekly average
do
Beneficiaries weekly average
do
Amount of payments
thous. of dol
40.5
41.1
41.5
41.0
39.1
40.9
40.6
40.3
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
40.0
40.6
39.5
42.0
40.0
40.6
40.6
39.5
••40.5
••40.8
Ml.l
*41.0
'40. 6
'40.1
Ml. 2
"40.6
39.9
40.1
40.3
40.3
40.4
41.1
41.6
43.7
39.2
40.9
41.4
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
39.3
2.5
41.0
41.5
43.3
38.5
40.7
41.4
••39.5
2.5
Ml. 3
i>39.7
"2.6
Ml. 6
39.3
40.2
40.7
38.6
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
38.6
38.7
38.9
37.4
••39.1
••39.2
36.9
43.2
44.4
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
42.9
44.4
'36.5
'42. 7
»36. 1
M3. 0
38.9
41.2
40.8
41.0
40.4
41.3
42.1
38.3
38.1
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
41.6
41.3
39.8
39.2
37.9
37.8
'38.7
'41.0
*38.8
Ml. 5
MO. 9
Ml. 5
MO. 3
MO. 6
'37.5
*36.8
42.2
33.5
37.5
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
42.2
35.9
35.7
40.1
45.8
37.6
41.6
36.7
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
45.5
37.9
42.1
36.9
43.3
40.2
42.4
41.6
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
39.8
42.2
41.4
40.6
40.7
40.7
40.7
40.8
40.6
40.3
40.2
40.2
40.3
40.3
40.7
39.6
35.7
39.1
43.8
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
39.2
35.7
38.8
43.9
41.6
40.0
38.5
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
40.9
40.7
39.5
496
236
453
234
431
214
242
84
150
61
250
85
250
70
250
50
350
140
450
190
350
115
400
620
350
125
740
384
3,060
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
603
622
587
504
431
432
402
450
504
567
558
519
577
877
980
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
1,118
1,209
836
1,059
839
92,834
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
37
60
70
7,681
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
•
Labor turnover in manufacturing establishments:
3.4
4.2
3.3
*3.8
3.1
3.1
3.3
3.3
2.5
3.3
4.5
4.1
4.4
Accession rate.
monthly rate per 100 employees. _
3.4
3.4
3.7
3.6
3.5
3.2
M. 2
3.6
3.5
3.0
4.4
4.0
3.1
Separation rate total
do
.3
.2
v. 3
.3
.3
.3
.3
.3
.2
.3
.3
.3
.3
Discharge
do
1.4
1.6
1.3
*1.4
1.6
1.4
1.8
••1.2
1.7
1.2
1.2
1.3
1.1
Lay-off
do
1.5
1.6
1.5
1.6
P2.2
1.4
1.4
1.3
1.1
1.4
2.2
1.8
2.8
Quit
do
.2
.2
.2
.2
.2
*.2
2
.2
.2
.2
.2
.2
.2
IVtilitarv and miscellaneous
do
'§".
' Revised.
*> 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.
cfData for the UCFE program are included in initial claims, beneficial ies, and benefit pay ments eff ective JarLuary 1955 and in in sured une mployment effecthre March 1955.
§ Beginning July 1956, figures include transitional claims whi<3h are excl uded froni earlier data. InJune 1956, the mimt er of transitional cl aims tota] ed 267.
MO.O
"39.4
988
SURVEY OF CURRENT BUSINESS
S-14
October 1956
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
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 arid planing mills
do
Furniture and
fixtures
_
do
Stone, clay, and glass products
do
82.61
82.42
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
72.21
72.83
68.46
77.93
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
r
r
r
78 80
84 04
91.30
71.82
74 30
67.13
80 36
76.33
P 81. 00
»87 54
v 92. 32
74.75
» 73. 67
70. 21
80 95
P 71. 90
i>81 16
92.75
r
79. 60
85 47
91. 05
v 97. 85
91.94
97.81
96.10
96.10
97.21
97.63
95.35
95.12
96.00
95.53
95.71
90. 80
96.96
103. 91
99.06
99.72
101. 60
103. 25
99.38
99.14
99.79
100. 69
100. 94
93.37
82.08
89.62
88.99
88.37
88.80
89.64
88.34
88.99
89.86
89 62
90 45
92 51
82.78
86.94
76.14
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
84.05
91.96
79 20
'84.04
' 91. 94
r
80 60
v 85. 90
f> 94. 30
P82 61
Transportation equipment 9
do
Automobiles
__ do. _
Aircraft and parts
do
Ship and boat building and repairs ... do.
Railroad equipment
do
92.06
95.45
88.97
83.67
93.25
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
91
88
94
89
95
37
47
66
02
27
92 97
91.64
95 76
88.40
96 22
r
94 66
*>96 76
Instruments and related products
Miscellaneous mfg. industries
do
-do.
77.55
66.50
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
80 79
69 77
81 61
68.73
r
r
82. 01
69. 77
»83. 64
T 71. 46
do.. ,
do
do__ _
do
.do.. _
do
do..
67.83
71.10
83.62
72.98
56.45
70.35
85.28
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
71.53
76 26
86 32
75 78
60.45
74 07
89.84
f 71. 50
75 17
v 72. 25
p76 54
49.91
55.48
54.13
50.95
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
57
55
53
52
r
r
P 55 60
» 57 13
49.82
79.92
87.02
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
51.91
84.08
92.80
91.42
82.81
86.90
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
93.41
87.54
93 48
97.58
99.79
86.32
102. 72
53.24
50.67
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 97
107 73
86 18
99 65
54.75
51 91
104 81
108 67
84 93
98 25
55.95
53 22
106 50
110 68
86.37
98 39
56.47
54 43
94.95
85. 76
94.50
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
96.22
92 62
101. 03
92.63
84.73
98. 14
99.01
97.99
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
99.60
88.59
103 25
104. 90
103 42
106. 01
87.82
103 09
104. 83
102. 95
81.40
72.76
79.71
87.78
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
85.30
74 03
85.24
92.32
77.55
78.55
78.96
78.96
79.56
79.58
78.99
80 00
80 80
81 00
81 41
82 62
60.19
42.48
63.73
80.59
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
61.94
44.98
65 96
82.97
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
Nondurable-goods industries
Food and kindred products 9
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
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
N"onmanufacturing industries:
Mining:
Metal
do. .
Anthracite
do
Bituminous coal
do. .
Crude-petroleum and natural -gas production:
Petroleum and natural-gas production
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) 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 dyeing plants.
r
Revised.
» Preliminary.
tSee note marked "f" on p. S-ll.
9 Includes data for industries not shown.
89
73
47
26
54
20
02
18
82
19
73
96
88
r
90
73
68
73
do
58.67
59.09
60.25
60.49
60 83
61.72
61.61
61 75
61 89
61 51
61 53
62 04
do
do
do
40.77
40.40
45.82
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
42 13
42 33
49.77
55 52
56 45
' 53. 29 * 53. 07
r
84. 12 v 85. 14
r 94. 04
87. 33
r
r
v 95. 06
v 88. 40
103. 48 v 105 83
T
87. 25
?89 73
r
56. 25
»> 55. 57
SURVEY OF CUERENT BUSINESS
October 1956
S-15
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
Labor) :f
All man uf acturin g indu stries
dollars
Excluding overtime*
do _
Durable-goods industries
do
Excluding overtime*
do
Ordnance and accessories.
do
Lumber and wood products (except furniture)
dollars. _
Sawmills and olan ing 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
1.88
1.82
2.01
1 94
2.04
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
1.74
1.73
1.63
1 86
2.27
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
2.43
2.51
2.44
2.45
2.46
2.47
2.46
2.46
2.47
2.48
2.48
2.47
2.11
2.17
2 16
2 15
2 15
2 16
2 16
2 16
2 16
2 17
2 19
2 24
1.99
2.09
1.88
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
2.06
2 20
1 98
2.07
2 21
r i 99
*>2. 09
*2. 24
*2. 01
do
do
do
do
do
do
do __
2.24
2.30
2.17
2.14
2.28
1.91
1.65
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 29
2 32
2.28
2 21
2.37
2 01
1.74
r
2 32
»2. 36
'2 02
1.74
vl. 76
do
do
do
do
do
do
do
do
1.70
1 65
1.73
2 01
1 67
1.44
1 72
2.06
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 86
2 08
1 75
1.57
1 82
2.17
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, .do
Chemicals and allied products
do
Industrial organic chemicals
do
1 27
1.38
1 33
1.32
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
1.35
1.85
1.96
2.35
2.01
2 13
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
Products of petroleum and coal.—
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
2.38
2.47
2.09
2.44
1.39
1 33
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 25
2.56
2 52
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 31
1 85
2 61
2.38
2 67
2 35
1 87
2 62
2.39
2.68
2 35
1 85
2 63
2.40
2 70
2 ^
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
1.88
1.81
1.88
2.11
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
1.91
1.93
1.94
1.94
1.95
1 52
1 19
1.63
1.84
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
.98
1.01
1.19
1.00
1.01
1.20
1.00
1.01
1.20
1.00
1.02
1.20
1.01
1.02
1.21
2.087
3.264
2.087
3.271
2.093
3.286
2.094
3.289
1.938
1.954
77
1.983
1.72
1.987
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
do
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 _ _
r
1 98
p 2 00
2 10
J>2 13
r 2 21
» 2 23
'1.81
Pl.81
' 1 70 v 1 72
1 96 P 1 97
"2 41
2 36
*2. 03
1.81
*1.82
1. 82
»1. 84
1 50
1.44
1 38
1.41
1 42
1.44
»1. 39
Pl.45
1.44
1.93
2.05
2.43
2. 11
2 26
1.45
1.96
2.09
2.42
2.13
2 28
'1.46
1.97
pl.47
*1.98
'2.43
2,13
*>2. 45
»2. 13
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
1.49
1 44
2 28
2.60
2 79
2 28
2.42
2 79
2 28
2.63
2 83
2 28
2.58
2 83
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
2.49
2.79
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
1.97
1.86
2.02
2.23
1.96
1,96
1.99
2.01
2.01
2.02
2.03
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 58
1.26
1.70
1.89
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
1.04
1.26
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
2.061
91
2.108
1.72
2.127
2.105
89
2.115
1.70
2.097
2.115
91
2.107
1.76
r
2.53
P 2. 55
'2.18
P2.21
'1.50
Pl. 51
2.192
3.412
2.192
3.416
0
.82
Revised.
? Preliminary.
° Rates as of October 1.
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 times 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 for January-July 1955 are as follows (dollars): All manufacturing—1.78; 1.78;
1.79; 1.80; 1.80; 1.80; 1.83; durable goods—1.89; 1.89; 1.89; 1.90; 1.91; 1.91; 1.94; nondurable goods—1.63; 1.63; 1.63; 1.65; 1.65; 1.65; 1.66. Data prior to 1955 will be shown later.
§Rates as of October 1,1956; Common labor, $2.192; skilled labor, $3.423.
SURVEY OF CUEEENT BUSINESS
S-16
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
__
mil. ofdol
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
655
580
671
564
662
547
642
542
642
510
624
573
667
588
660
560
628
508
643
515
684
476
723
509
772
548
2,670
1,436
341
893
2,663
1,451
357
855
2,641
1,464
386
791
2,604
1,477
392
735
2,592
1,497
374
721
2,617
1,516
374
727
2,670
1,541
370
759
2,726
1,568
355
804
2,791
1,591
348
851
2,848
1,617
334
897
2,924
1,638
352
934
2,956
1,656
356
943
2,987
1,675
375
937
168, 967 175, 779
67, 568
62, 550
35, 126 - 35, 803
173, 190
63, 406
36, 876
200, 523
81, 027
40, 193
187, 361
69, 675
40, 718
162, 105
57, 413
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
.-do
do
- do -
167, 343
58 980
35, 863
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
49 880
24 911
470
23, 760
20, 993
50,243
25, 250
603
23, 834
20, 994
50, 221
25, 430
706
24,024
21, 007
51, 197
25,776
618
24, 256
21, 002
52, 340
26, 507
108
24, 785
21, 009
50, 615
25, 122
852
23,466
21, 010
50, 615
24,920
632
23,482
21, Oil
50, 822
25, 761
872
23,636
21, 036
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
50, 593
25,480
24, 868
832
452
23,854
23, 438
21, 151 »• 21, 179
51, 309
25, 487
664
23,590
21, 197
49, 880
19, 532
18 368
'217
26, 004
50,243
19, 741
18 423
211
26, 142
50, 221
19,848
18, 565
172
26,246
51,197
19, 770
38,474
57
26, 629
52, 340
20, 355
19, 005
102
26, 921
50, 615
19, 881
18, 750
439
26, 170
50, 615
19,651
18, 428
266
26, 029
50, 822
20, 311
18, 799
523
26, 098
50, 509
20, 097
18, 784
459
25, 971
50, 783
19, 904
18, 773
569
26, 168
50, 717
19, 575
18, 443
—6
26, 367
50, 327
19, 416
18, 308
204
26, 370
50, 593
19, 911
18, 888
••511
26, 510
51, 309
19, 927
18, 831
P422
26,546
46.1
45.8
45.6
45.3
44.4
45.6
46.0
45.3
45.7
45.8
45.9
46.2
45.6
45.6
Bank debits, total (344 centers) _
New York City1
6 other cen terse?
_
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:
55 931
Demand adjusted©
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol. . 57,523
3,990
States and political subdivisions
do
3,256
United States Government
do
56, 306
56, 394
56,900
58, 882
57, 607
56,230
55, 733
55, 896
55, 521
56, 210
55, 556 «• 55, 381
54,915
58, 316
3,772
2,635
58, 130
4,055
2,876
59, 475
3,971
2,870
62, 166
4,026
2,239
58, 946
4,399
1,477
58, 326
4,319
2,391
57, 147
4,254
4,342
57, 224
4,632
3,343
57, 319
4,451
3,669
57,960
4,367
3,420
57, 492
4,168
2,085
57, 026
3,928
3,648
57, 448
3,800
3, 010
20, 385
20, 405
20, 513
20,367
20,527
20,416
20,525
20,633
20, 555
20, 596
20,859
20,780
20,844
20,921
19, 146
1,032
12, 977
19, 210
993
13, 077
19, 356
952
13, 515
19, 192
971
13, 111
19, 354
969
13, 882
19. 251
963
12, 917
19, 331
992
12, 526
19, 406
1,032
12, 691
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
39, 716
39,044
39, 124
38,006
38, 380
36, 953
36, 526
36, 258
35, 495
34, 824
34, 478
33,684 ' 34, 421
33, 857
30, 948
985
625
20, 965
8,373
8,768
30, 347
994
496
20, 787
8,070
8,697
30, 559
842
1,196
20, 644
7,877
8,565
29, 643
636
824
20, 777
7,406
8,363
30, 122
1,535
910
20, 680
6,997
8,258
28, 822
1,044
698
20, 230
6,850
8,131
28, 272
910
586
20, 103
6,673
8,254
27, 995
837
708
19, 926
6,524
8,263
27,357
753
588
19, 758
6,258
8,138
26,873
679
544
19, 600
6,050
7,951
26, 582
683
358
19, 505
6,036
7,896
25, 978 ' 26, 576
r
498
548
350 r 1, 187
19, 242 r19, 123
5,888
5, 718
7,706
7,845
25, 979
486
953
18, 943
5,597
7,878
44, 696
24, 171
2,467
45, 449
24,660
2,406
46, 499
25, 303
2,689
47, 331
26, 014
2,605
48, 356
26, 673
2,852
47, 741
26, 290
2,625
47, 694
26, 346
2,422
49, 373
27, 781
2,436
49, 953
28, 053
2,412
49,900
27, 784
2,435
51, 144
28, 845
2,380
50,925 r 51, 120
28, 734 r 29, 168
2,269 ' 1, 948
51, 798
29,849
1,930
1,184
8,120
9,492
1,194
8,257
9,669
1,245
8,073
9,926
1,248
8,188
10, 015
1,271
8,147
10, 159
1,302
8,154
10, 197
1,287
8,224
10f 259
1,292
8,341
10, 373
1,298
8,430
10, 618
1,277
8,503
10, 756
1,271
8,606
10, 899
1,255 r 1,235
8,671 * 8, 738
10, 864 ' 10, 895
1,230
8,794
10, 871
Time, except interbank, total 9 do
Individuals, partnerships, and corporations
mil. of doL.
States and political subdivisions. __
do
Interbank (demand and time)
do
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
Loans (adjusted), totalO
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
Money and interest rates: §
Bank rates on business loans:
In 19 cities
New York City
7 other northern and eastern cities
11 southern and western cities
Discount rate (N. Y. F R Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Acceptances, prime, bankers' 90 days
do
Commercial paper, prime. 4-6 months..
do
Call loans, renewal (N. Y'. S. E.)
_ __do__.
Yield on U. S. Govt. securities:
3-month bills
do
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil of dol
U S. postal savings
do
4.14
3.97
4.15
4.38
3.93
3.75
3.93
4.19
3.93
3.76
3 95
4.17
3.77
3 54
3 76
4.11
percent
do
do
do
2.00
2.42
4.17
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
1.67
2.33
3.34
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
1.876
2.73
2.086
2.72
2.259
2.58
2.225
2.70
2.564
2.83
2.456
2.74
2.372
2.65
2.310
2.83
2.613
3.11
2.650
3.04
2.527
2.87
2.334
2.97
v
2.606
3.36
2,850
3.43
16, 073
1,961
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
r
16, 795
1, 808
T
16,900
I, 787
17, 092
P 1, 765
17, 098
17, 135
* 1, 743 P 1, 721
33, 636
34, 293
34, 640
35, 059
36, 225
35, 599
35, 272
35, 536
35, 962
36, 574
37, 093
37, 143
37,503
26, 155
26, 699
26,963
27, 247
27, 895
27, 769
27, 784
27, 964
28,260
28, 591
28,890
29, 103
29, 427
CONSUMER CREDIT
( Short- and Intermediate- term)
Total outstanding, end of month.
Installment credit, total
mil. of dol
do
15, 361
14, 095
14, 312
14, 314
14, 565
14, 706
14, 876
15, 208
14, 172
14, 397
15, 077
13, 547
13, 929
Automobile paper
do
6,319
5,762
6,435
6,209
6,244
6, 247
6,258
6,057
6,318
6,137
6,183
5,848
5,917
Other consumer -goods paper
do
1,695
1,611
1,642
1,674
1,589
1,627
1,634
1,641
1,599
1,599
1,663
1,611
1,610
Repair and modernization loans
do
6,052
5,507
5,579
5,829
5,257
5,324
5,384
5,527
5,903
5,963
5,663
5,760
5,311
Personal loans
do
r Revised.
p Preliminary.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
QFor demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits; 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.
SURVEY OF CURRENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-17
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
FINANCE—Continued
CONSUMER CREDIT— Continued
(Short- and Intermediate- term)
Total outstanding, end of month— Continued
Installment credit — Continued
By type of holder:
Financial institutions, total
mil. of dol
Commercial banks
_
..do
Sales-finance companies
do__ _
Credit unions
do
Other
do
23, 324
10. 145
8,771
1,547
2 861
23 524
10, 227
8,825
1, 556
2 916
23 863
10, 347
8,938
1, 580
2 998
23 862
10, 360
8,936
1, 565
3 001
23 979
10, 398
8,964
1,589
3 028
24 244
10, 521
9, 037
1.618
3 068
24 557
10 717
9,093
1 647
3 100
24 866
10 874
9,170
1 680
3 142
25 284
11 096
9 298
1 715
3 175
25 502
11 177
9 385
1 739
3 201
25 765
11 245
9,495
1 784
3 241
..-.do _
do
do. ..
do
__do _.
_
23, 101
10,060
8,667
1,528
2,846
3,550
1,167
871
523
989
3, 598
1,191
878
538
991
3, 639
1, 203
889
546
1,001
3,723
1,251
909
550
1,013
4,032
1 423
956
556
1,097
3,907
1 374
925
556
1, 052
3, 805
1 341
909
559
996
3,720
1 284
894
564
978
3,703
1 286
885
569
963
3,725
1 297
882
575
971
3,606
1 153
884
583
986
3 601
1 146
879
589
987
3 662
1 992
884
596
990
do
Retail outlets, total
Department stores
Furniture stores ._
\utomobile dealers
Other
22,605
9,871
8,422
1,495
2,817
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
\utomobile paper
O ther consumer-goods paper
All other
-
Repaid total
-\utomobilepaper
Other consumer-goods paper
All other
_ __
7,594
7,677
7,812
8, 330
7,830
7,488
7,572
7,702
7 983
8,203
8 040
8 076
2,629
3,019
1,833
2,657
3,108
1,829
2 666
3,218
1,793
2 757
3 285
1,770
2 776
3,797
1,757
2 715
3 355
1,760
2 729
2,974
1,785
2 839
2,933
1,800
2 876
2 996
1,830
2 981
3 135
1,867
3 099
3 231
1,873
3 033
3 127
1,880
3 065
3 132
1,879
2,629
3,019
1,833
2 657
3,108
1,829
2 666
3,218
1,793
2 757
3,285
1,770
2 776
3 797
1,757
2 715
3,355
1,760
2 729
2,974
1,785
2 839
2,933
1,800
2 876
2 996
1,830
2 981
3 135
1.867
3 099
3 231
1,873
3 033
3 127
1,880
3 065
3 132
1,879
3,436
1,745
793
898
3 241
1,592
783
866
3 051
1,417
785
849
3 103
1 341
850
912
3 508
1,369
1,090
1 049
2 724
1,248
643
833
2 769
1,296
627
846
3 114
1,450
687
977
3 163
1 406
780
977
3 281
1 475
812
994
3 204
1 467
745
992
3 143
1 409
753
981
3 315
1 468
818
1 029
do
___do
do
do
2,757
1,236
707
814
2,697
1,210
697
790
2,787
1, 251
716
820
2,819
1,264
710
845
2,860
1,229
712
919
2,850
1,246
760
844
2,754
1,213
736
805
2, 934
1,282
759
893
2 867
1, 265
734
868
2 950
1,305
751
894
2 905
1,266
742
897
2 930
1,278
742
910
2 991
1,315
757
919
do
do
do
do
3,211
1.566
773
872
3,290
1,620
759
911
3,075
1,474
724
877
3, 185
] 435
805
945
3,185
1 503
792
890
3,211
1 451
823
937
3,192
1,473
751
968
2,988
1,360
719
909
3,227
1 358
849
1 020
3,051
1 331
776
944
2.951
1 312
733
906
3,148
1,335
838
975
3,107
1 312
795
1 000
do
. __do
do
do
_
7,481
do
do
do._
--do
Single-payment loans
Charge accounts
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit
do
_.do
do
do
...do
do_.
Noninstallment credit, total
2,713
1,197
718
798
2,691
1,175
694
822
2.774
1,233
718
823
2 830
1.281
698
851
2 747
1,228
690
829
2,939
1. 275
770
894
2, 845
1,266
735
844
2,790
1, 215
726
849
2 987
1,328
744
915
2 904
1,284
732
888
2,831
1,240
737
854
2 978
1,295
778
905
2 945
1,271
771
903
5, 848
4,734
55
4,459
945
390
6 180
5,498
57
4,968
947
208
2 998
2,692
62
1,873
890
173
5 527
4,662
65
4,215
1,008
240
5, 337
4,889
56
3,962
879
440
4.915
4,684
59
3,727
853
275
7,158
6,195
57
5,959
944
198
12, 499
11,313
59
11, 344
963
133
5,562
4,082
59
4,461
894
147
7,107 P 12, 574
5.050 p 11, 576
P 57
63
5, 780 Ml, 256
1,014
P966
P294
251
3,927
3,485
63
2,601
970
292
5,959
4,954
64
4,772
1,030
93
6,225
522
428
3,583
1,692
5,340
529
353
3,512
946
5,355
542
359
3,293
1,161
5,172
542
423
3,109
1,099
5,651
595
406
3,451
1,199
5,274
625
401
3,005
1,243
4,950
553
398
3,214
786
5,399
559
400
3,284
1,156
5,387
565
406
3,232
1,185
5,467
561
432
3,433
1,040
p 6, 783
* 608
P 405
P 4,316
* 1, 455
5,542
627
v 368
» 2, 951
v 1, 595
5,902
567
p383
P 3, 580
p 1, 371
278, 309
275, 711
231, 472
44, 238
2,598
277, 476
274, 879
230, 988
43, 891
2,597
279, 818
277, 277
233, 619
43, 657
2, 541
280, 136
277, 628
233, 615
44, 013
2,508
280, 769
277, 799
233, 873
43, 926
2, 970
280, 049
277,170
233, 584
43, 585
2,879
280, 108
277, 295
233, 607
43, 688
2,814
276, 345
273, 481
229, 746
43, 736
2,863
275, 789
273, 078
229, 689
43, 389
2,711
276, 729
273, 977
229, 637
44, 339
2,752
272, 751
269, 883
224, 769
45, 114
2,868
272, 645
269, 972
224,618
45, 353
2,674
275, 565
272, 959
226, 905
46, 054
2,606
__
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs
.
Income and employment taxes
Miscellaneous internal revenue
All other receipts
-
Expenditures, total
Interest on public debt
_.
Veterans' services and benefits
Major national security
All other expenditures
mil. of dol
do
do.
do
_ do _ . - do
do
do
do
do
do
Public debt and guaranteed obligations:
Gross debt (direct) end of month, total
do
Interest bearing, total
do
Public issues
._. - _ _ ___ d o _ _ _
Special issues
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government, end
of month
_
.mil. of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales, series E through K
_ ._
.. _ do _
Redemptions
do
Government corporations and credit agencies:
-Vssets except interagency total
mil of dol
Loans receivable total (less reserves)
do
To aid agriculture
do
To aid homeowners
do
Foreign loans
do
4.11 other
do
Commodities supplies and materials
do
Other securities and investments
Land structures and eouipm^nt
do
do
. . . .
Bonds notes and debentures
Other liabilities
Privately owned interest
U. S. Government interest.
f
Preliminary.
Revised.
do
do
do
-do
274, 261
271, 660
225, 827
45, 834
2,601
43
48
48
53
53
53
58
59
56
62
74
74
79
85
58, 703
487
543
58, 532
462
722
58, 494
451
574
58, 501
438
526
58, 548
466
545
58, 193
645
1,126
58, 166
544
660
58, 169
518
604
58, 137
453
571
58, 110
451
571
57, 857
437
815
57, 717
484
749
57, 661
436
582
57, 583
355
523
41, 183
19 061
5 853
3,122
8 025
2,472
45, 303
20, 238
6 715
3, 205
7,988
2,598
4,129
2 909
3 414
7,799
3 871
4,356
3 236
3 414
7,822
6 238
4 141
2,128
2,012
583
36, 460
5, 125
2,423
2,703
596
39, 583
SURVEY OF CUEREXT BUSINESS
S-18
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1056
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
Marcli
April 1
May
June
July
August
Septern
ber
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, total
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):©
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
\ccident and health
do
Annuities
do
Group
do
Industrial
do
Ordinary
do
88, 087
88. 529
89, 016
89, 491
90, 219
90.842
91, 240
91, 543
92, 025
92, 478
92, 876
93, 580
47, 414
9,179
1,979
13, 319
3. 776
16, 704
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
2.875
1,728
1. 139
28, 001
25, 787
2,471
3,245
1,169
2 912
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
l'o93
3, 645
570
517
2.558
154
540
555
214
320
111
251
100
321
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
442.1
199.7
48.5
9.1
37.0
76. 3
71.6
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
8.9
41.5
81.0
96 2
469 6
204 7
51.0
9 3
43.8
79 1
81 7
2, 284. 5
328.9
277.7
253.1
245 9
1,178.8
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
3 175
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
2, 243. 3
357 3
247 5
238 5
213 9
1, 186 1
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S. (end of mo.) . _mil. of doL. 21, 682
—2.9
Nflt re]pape from earTnark§
do
183
Exports
thous. of doL
3,794
Imports
do
74, 700
Production, reported monthly total 9
_ do - 49,100
Africa
do_ 13, 500
Canada
do
United States
_
_. _ - d o _ - 5,900
Silver:
261
Exports
do
5, 818
Imports-- _ _
do
.908
Price at New York _ . .
dol. perfineoz.
Production:
2,481
Canada©
thous of fine oz
3,053
Mexico
_ _
- _ _ do_ 2,005
United States
do
Money supply (end of month) :
30, 317
Currency in circulation
mil of dol
Deposits and currency, total
. _ do_ _ 218, 200
3,100
Foreign banks deposits, net
do
6,400
U. S. Government balances
. . . _ . do.-.
Deposits (adjusted) and currency, totall
do_-_ 208, 600
103, 900
Demand deposits, adjusted^
do
77, 400
Time deposits, adjusted!
„
- _-do_ .
27, 300
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
38.2
New York City
ratio of debits to deposits. _
25.9
6 other centers eft
do
19.9
337 other reporting centers!
- - do
21, 684
10.6
969
5,392
76,200
48,500
13, 800
7,000
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
21, 695
—15.7
108
18, 704
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
46, 300
13, 000
4,800
45,600
12, 400
4,600
49,900
13,500
5,000
49, 900
12,900
4,700
13, 100
5, 400
13 200
5 100
12 100
5,900
649
7,299
.908
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
11, 647
2,386
2,836
2,840
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
r
r
r
30, 422
218,800
3,200
5, 800
30, 559
220, 700
3,200
6,200
30, 993
221, 200
3,200
5,800
31, 158
30, 228
30, 163 30, 339
30 513 30 715 30 604
30 210
30 757
224, 943 P 221 ,000 P 21 9, 900 v 221 ,600 p 221, 200 v 221 ,200 p 222, 700 P221 400 P223 100
3, 167 v 3, 100 v 3, 000 v 3, 000 p 3 000 ^ 3 000 p 3 000 p 3 100 p 3 100
5,199 "3,600 v 5, 400 P 7, 800 * 5. 800 *> 7. 000 p 6, 800 p 5 000 P 7 100
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
p214, 400
pl08, 900
p 78, 400
p 27, 100
P211, 600
pl05, 600
v 78, 800
p27 200
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
1, 759
3,446
2,898
2. 463
3.977
2,905
2 494
3,032
2 501
21. 858
43 2
94
4 804
901
215
11,723
906
2 266
3*632
3 828
3 035
272
90S
p 210 ,800 v 212,400 P 21 1,200 P 212,900 p 213,400 p 212, 900
p 104,400 "106,100 P 104 ,200 P105 100 p 105 300 p 104 600
p 79, 300 p 79 300 p 79 600 p 80 300
80 600 p80 800
p27 200 #27 000 j> 27 400 p27 500 p27 500 p27 500
47.2
29 7
20.8
45 4
30 1
21 5
46 0
28 7
21 7
47 0
28 9
21 6
45 9
r 29 6
22 4
44 4
p 27 3
p 21 2
44 8
i>27 5
j>22 0
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade arid SEC):
Net profit after taxes, all industries
mil. of doL
Food and kindred products
do
Textile mill products
*
do_ Lumber and wood products (except furniture)
mil of dol
Paper and allied products-..
do.. _.
3, 735
301
81
4,151
240
99
3.850
234
110
4 044
286
87
85
154
49
166
51
162
66
166
' Revised.
p Preliminary.
©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.
f 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.
^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
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-19
1956
1955
August
Septem- October Novem- December
ber
ber
January
February
March
April
"
May
June
July
August
September
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 _.
429
600
190
157
312
442
639
135
241
376
438
659
190
230
397
158
269
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
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).
459
788
138
213
386
326
374
321
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil. of doL 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
1,621
1, 055
1.035
602
194
239
20
1,200
1,101
1,098
566
130
402
3
2,480
2,259
2,258
1, 125
205
929
1
1,659
1 459
1,427
549
235
642
33
do
do
do
do
_ do
566
566
389
155
21
99
99
33
62
4
221
221
17
198
5
199
199
52
143
4
do
1,638
1,627
2 646
1 840
1,913
1 710
1 998
1 787
1 876
2 128
2 161
r
I 936
1 479
do ...
do
do .
do
1,423
655
200
15
1,451
560
94
82
2,442
1 046
161
43
1 562
431
193
85
1,767
835
107
39
1 619
529
73
19
1 731
478
139
128
1 602
675
143
42
1 634
673
210
32
1 926
983
137
65
I 932
661
179
50
T
1 722
859
200
14
1 336
555
92
51
do
do
do _
do
. . _ _ do .
do
- do
870
174
29
91
170
92
279
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
621
210
13
66
19
3
267
744
226
23
200
31
37
196
861
278
22
190
47
122
136
915
342
10
299
14
15
175
1 185
487
35
339
39
82
112
889
307
59
239
33
1 073
372
76
188
10
262
115
698
224
71
155
22
86
98
768
509
259
892
481
407
1,396
461
926
1 132
438
661
932
466
415
1 089
645
407
1 253
544
709
927
518
401
962
453
391
943
451
491
1 272
437
736
853
722
1,234
694
964
611
730
846
898
1 165
614
280
334
208
30
559
373
186
52
111
1,074
950
124
71
88
590
455
136
62
42
793
544
249
63
108
496
178
317
32
83
664
388
276
26
40
762
525
236
56
28
702
482
220
82
114
1 116
948
167
21
28
Noncorporate, total 9
.
do _.
U. S. Government .
- do
State and municipal
_
do New corporate security issues:
Estimated net proceeds, total
__
do Proposed uses of proceeds:
New money, total _ __
do
Plant and equipment
do
Working capital
. _ _ do
Retirement of securities
do
Other purposes
-- -- do
State and municipal issues (Bond Buyer) :
Long-term
- - thous. of doL
Short-term
do
T2
191
r
864
484
379
781
436
198
873
1 055
684
768
446
322
43
61
965
702
263
30
60
571
405
165
30
83
T
f
r
r
258. 707
330, 455
407, 314
200, 458
925, 818
136, 646
661, 017
242 810
415, 285
148,913
406. 800
196 298
709, 444
357 195
400, 650
248 649
390 541
124 807
490 526
252 071
2,752
887
2,064
2,848
977
2,124
2,789
920
2,159
2,796
876
2,260
331
2,830
889
2,345
2,822
905
2.170
2,774
913
2.189
2,817
960
2,177
2 821
896
2,189
2 847
870
2.228
322
2,811
837
2,266
97.44
97.71
81.82
98.07
98.35
81.27
97.65
97.96
79.06
97.08
97.37
78.91
98.00
98.31
78. 79
97.82
98.08
79.52
96.32
96.56
79.36
95.50
95.74
79.14
96.48
96.75
78 23
113.1
121.3
94.87
113.5
122.5
95.83
113.7
122.7
95.46
112.4
119.8
95.07
113.3
121.3
95. 40
113.9
122.4
95. 94
113.2
120.3
94.88
111.2
116.9
92.86
106, 046
108, 464
195, 875
177, 186
90, 762
87, 870
95, 283
95, 692
104, 729
105, 143
109, 660
105, 230
120, 682
121,514
104, 134
106, 239
194, 268
175, 133
88, 662
85, 283
93, 795
93, 748
103, 410
103, 482
108, 284
103, 480
119, 104
117, 469
736, 386 213, 238
175 825 207 418
r
r
213, 238
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. _.
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
96.95
total§
dollars-97.19
Domestic
_
do_
82.10
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues) :
113.3
Composite (17 bonds)
dol. per $100 bond
120.5
Domestic municipal (15 bonds) „
do
94.51
TJ S Treasury bonds taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
82, 604
Market value
thous. of dol
83, 401
Face value
do
New York Stock Exchange:
80, 549
Market value
do
80, 933
Face value
_
_._do
r
Revised.
» Preliminary.
9 Includes data not shown separately.
§ Data for bonds of the International Bank for Reconstruction
2,843
858
2, 242
2,819
872
2.086
96. 39
96. 65
78.79
95.22
95.46
78.92
93.86
94.10
77.61
110.6
117.3
94.40
110. 5
119.2
95. 03
110.2
118.6
93.94
108.4
116.0
91.81
110, 399
114, 574
104, 178
107, 082
81,717
84, 454
82, 893
83, 216
101, 631
100, 885
109, 126
112, 538
101, 703
104, 670
80, 522
83, 100
81, 261
81, 480
99, 228
98, 165
r
and Development, not shown separately, are included in computing average price of all listed bonds.
113.8
91.43
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 3056
1955
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
79, 790
73, 126
0
0
73,126 i 79, 790
68,090 I 75. 647
5,036 > 4, 133
August September
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Sales— Continued
New York Stock Exchange, exclusive of stopped
sales, face value, total§
thous. of doL.
TJ 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. ofdol
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
\
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
87, 826
0
87, 826
82, 368
5,445
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
103, 997
101,853
1,496
107, 273
104, 796
1,822
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
3.29
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
3.11
3.20
3.28
3.56
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
3.25
3.26
3.36
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
2.63
2.67
2.91
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
263.3
56.1
107.9
3.1
1, 488. 4
108.5
985. 7
113.2
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
4.3
71.1
6.5
8.1
6.2
38.9
114.2
58.6
41.1
28.2
128.5
87.2
17.4
55.7
7.7
1.5
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
80
40.9
120.3
59.9
42.3
23 9
4 79
5.18
2.23
3.42
3.15
3 49
4.81
5.20
2.24
3.42
3.23
3.49
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. 3(>
5.86
2.32
3.97
3.39
4.01
122.44
137. 59
51.43
71.06
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
1 56. 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
3.91
3.76
4.34
4.81
3.93
2.56
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
4.04
4.79
5.93
4.17
3.34
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. of dol
Finance
do
Manufacturing
do
Mining
- do
Public utilities:
Communications -_ - - do__
Electric and gas
- - _
- do
Railroad
_
do
Trade
- - do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollars..
Industrial (125 stocks) . ___
do
Public utility (24 stocks)
do
Railroad (25 stocks)
...do
Bank (15 stocks)
do
Insurance (10 stocks) _ _ _
.do ._.
Price per share, end of month (200 stocks) 9
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks)
.
_,
.__
__ ._
_
do
do
.do
do
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
4.01
(Standard and Poor's Corp.)
percent-Prices:
Dow-Jones & Co., Inc. (65 stocks)
dol. per share-- 164.94
457. 29
Industrial (30 stocks)
do
65.87
Public utility (15 stocks) - _ . ...
do _
155. 19
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad:c?
311.0
Combined index (480 stocks)
1935-39=100..
354.2
Industrial, total (420 stocks) 9
do
361.6
Capital goods (128 stocks) __
._ do
269.1
Consumers' goods (195 stocks)
__do_._
155.9
Public utility (40 stocks)
do
250.0
Railroad (20 stocks) _ _
_. __.do
160.4
Banks, N. Y. C. (12 stocks)
do
320.5
Fire insurance (16 stocks) ._
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
2,579
Market value
mil. of dol
84,622
Shares sold _ __ __
thousands
On New York Stock Exchange:
2,229
Market value
mil. ofdol
Shares sold
_
thousands-- 59, 906
Exclusive of odd lot and stopped sales (N. Y.
Times)
_ _ _ _ _ thousands-- 41, 806
Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of dol._ 197, 994
3,492
Number of snares listed
millions..
r
9.94
3 14
9.07
10.90
3 27
6.27
11. 60
3.21
9.06
4.24
3.20
48.42
66.92
10.80
3 32
9.03
4.06
4.04
4.01
4.05
4.03
3.99
4.01
4.15
4.22
4.17
4.16
'4.24
4.39
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
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
173. 96
495. 01
165. 00
157. 98
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
369.2
370.2
285.9
153.8
254. 6
160.9
309.3
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
3,323
107, 344
2,978
95, 888
2,728
101, 986
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
2,864
75, 519
2,598
66, 364
2,358
72, 613
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
61, 630
37, 201
45, 712
44, 532
218, 579
4,260
229, 423
4,314
221, 160
60, 100
42, 178
46, 380
50, 991
47, 197
46, 401
60, 363
54, 106
53, 230
197, 536
3,519
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
511.69
70.00
357.3
418.0
419.4
284.1
159.0
253.9
164.3
297.4
67.67
343.6
401.6
404.3
278.6
154.7
240.1
168.7
279.8
2,670
37, 227
4,333
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 of
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 of series.
SURVEY OF CURRENT BUSINESS
October 1058
S-21
1956
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SeptemNovem- DecemOctober
ber
ber
ber
August
January
February
March
April
May
June
July
August
September
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) J
Exports of goods and services, total
mil. of doL_
Military transfers under grants, net
do
Merchandise, adjusted, excluding military transactions©
mil. ot'doL
In come on investments abroad
do . .
Other services and military transactions
do
5,444
610
5,864
423
5,891
576
(i)
(i)
3,396
604
834
3,843
789
809
3,936
598
781
4,390
636
901
Imports of goods and services, total
Merchandise, adjusted Ocf
__
Income on foreign investments in U. S
Militarv expenditures
Other services cf-
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
do
do
do _ _ .
do
Balance on goods and services.
+821
+1, 047
(i)
— 997
-126
-871
1 122
— 118
-1,004
(i)
— 121
(i)
-237
— 191
-46
-516
— 502
-14
-546
—427
-119
-831
-601
-230
+519
do
do
do ._.
+ 1, 206
— 1 131
— 111
-1,020
+223
-8
+92
+610
-12
+23
+508
-103
+122
do
Unilateral transfers (net), total
Private
_._
Government
U. S. long- and short-term capital (net), total
PrivateGovernment
do
_do
do
Foreign long- and short-term capital (net)
do
Gold sales [purchases (— )]
do .Errors and omissions
_
. . d o
— 15
+43
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
Seasonally adjusted
Total, excluding cotton:
Unadjusted
Seasonally adjusted
Imports for consumption:
Unad lusted
Seasonally adjusted
276
569
206
'260
r
538
207
'273
' 572
210
'246
r
520
211
' 259
r 552
213
'304
' 642
212
290
' 614
212
'328
' 692
211
325
687
211
312
657
210
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
100
106
95
97
102
101
106
111
94
94
115
112
110
109
117
105
97
92
98
101
100
106
110
119
10 099
11,566
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
r
do
do
do
1924-29—100
do
247
504
204
T
107
468
280
1936-38=100
do
do
T
250
r
511
205
r
164
464
(2)
2
()
(2)
do
do
(2)
do
do
Shipping Weight
Water-borne trade:
Exports incl reexports §
General imports
thous of long tons
do
r
9,678
10, 658
11, 241
13, 178
Value!
Exports (indse.), including reexports, totalf.mil. of dol-- T 1, 236. 3 '1,255.7 ' 1. 396. 1 '1,321.6 '1,404.9 '1,279.8 ' 1, 358. 6' 1, 578. 3' 1, 509. 9 ' 1, 699. 9
By geographic regions:A
r
80, 029 ' 56, 912 ' 64, 397
49 664 r 44 635 ' 44, 301 '51 Oil
66 698
43 831 T 44 031
\frica
thous of dol
' 160 922 r 177 224 r 197, 886 ' 202, 972 ' 219, 081 '179,316 ' 187, 970 ' 239, 232 ' 229, 938 ' 254, 032
\sia and Oceania
do
r
r
'307 153 336 721 382 933 '372 338 ' 387, 765 '376 214 '351 660 ' 387, 801 ' 399, 872 ' 444, 831
Europe
do
Northern North \merica
Southern North \merica
South America
By leading countries:A
Africa:
Egypt
Union of South Africa
Asia and Oceania:
Australia including New Guinea
British Ma-lava
China including M"anchuria
India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
France
East Germany
\Vest Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics total Q
Argentina.
Brazil
Chile
-
do
do
do
48. 917
235, 461
339, 835
272 784 '277 699 ^ 296, 671 r 277, 809 ' 277, 443 ' 264, 528 '304 243 ' 348, 980 ' 352, 808 '375, 145 348, 01 1 306, 108
r 134 920 r 136 719 '147 319 '157 577 ' 162 955 r 142 175 M52 727 '174 236 ' 160 202 ' 163. 335 169, 658 145, 690
r
130' 407 r 128 314 ' 139, 397 r 140, 220 ' 170, 690 ' 132, 842 '150 971 ' 180, 294 ' 142, 414 ' 149, 863 171, 726 151, 974
do
do
do
do
do
do
do
r
7,078
18, 283
13 613
2 637
10, 230 ' 11.486
18, 672
20, 097
22, 552
31,975
20, 409
23, 186
12, 603
12 079
16 583
' 22 442 ' 16 833 r 12 375 r 14 511
4,122
4,936
4, 744
3,445
3,306
4, 035
3. 191
0
o
0
0
o
0
0
30, 106
20, 685 ' 22, 254 ' 42, 449 30, 149 ' 30, 739
18, 181
54, 299 ' 69, 371 ' 44. 073 ' 51, 698 ' 59, 535 ' 67, 696 ' 78, 266
10, 834
7 826
7 169
6 784
6 958 ' 9, 059 8, 907
r 33 022 ' 22 543 22 172
26 035 ' 27 114 ' 26, 401 27, 090
20 892
3,093
3
23, 388
15, 967
r
55 437
54, 145
6 020
5 609
r 22 255 r 31 512
17 208
2 316
o
15, 359
48 315
8 508
r 23 273
T
7,912
23, 180
6,513
18, 454
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
52, 426
' 39, 157
39
51
' 54, 814 ' 70, 409
41, 035
' 37, 120
379
347
' 67, 940 ' 65, 989
52, 905
47
63,429
38,524
601
64, 182
44, 665
113
49, 871
33, 480
285
50, 372
348, 003
306, 103
324, 022
19, 613
24, 037
12, 087
280, 979
19, 251
25, 033
13, 633
5,373
17, 090
4,503
20, 863
5, 518
19, 535
o
' 6, 089 5, 770
24, 519
17, 308
27 350
29, 726 ' 29 503
36 175
28 376
o
0
o
0
209
50 358 r 52 101 ' 59 378
47 968 r 49 634
25, 416
30, 692 ' 35 441 '
28 821 ' 30, 968
0
o
64
12
10
71, 100
88, 940 r 101, 948 r 76, 844 ' 81, 801 '
do
do
do
do
do
do
do
do
do
do
1, 612. 8 1, 516. 1
54, 040
247. 888
433. 200
r
do
do
do
1, 687. 4
r
r
272, 697
r
r
277, 670
r
r
33, 614
14
51 153
40, 439
4
74, 184
' 39, 512 43, 130
o
18
49 231 ' 62, 033
' 41, 303 ' 40, 170
123
1,243
' 59, 219 ' 67, 570
296, 670 ' 277, 809 ' 277, 430 ' 264, 499 ' 304, 243 ' 348, 962 ' 352, 785 ' 375, 140
r
252 981 251 306 271 055 282 190 '315 472 '259 056 '287 793 '334 491 '287 041
14, 475
21. 316
16 433
12 860 T '8 992 ' 11 362 8 070
13 379 r 11 973
18,084
22 997 ' 21, 339 25, 475 ' 27, 952 18, 420
21, 923 r 16, 934
18, 706
r
9,371
11, 247
8,391
11, 044
7,966
8,580
7,253
7, 237
6,546
'295 516
14, 142
' 19, 860
10, 407
25, 823
33, 217
26, 649
31, 638
35 936
24 632 Tr 25 912 r 28 786 T 27 312
35 691
25 389
28 305
Colombia
do
40, 956
33, 439
32, 513
39, 951
39, 959 ' 43 886 37, 560 ' 39, 463 ' 51, 988 ' 38, 995 40. 128
36 083
Cuba
do
r 59 gi5 r 55 480 ' 62 275 r 68 778 ' 66 929 ' 57 219 ' 66 821 ' 67 645 71, 414
76, 992
66, 089
71, 183
M^exico
do
54, 955
51, 731
45, 613
40. 876
47. 648 r 47. 057 ' 55, 127 ' 62. 944 ' 45. 410 ' 50, 345 ' 57. 860 ' 50, 602
Venezuela
. _ _ _..
do _ _
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-July 1955 for foreign trade will be shown later.
©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.): August 1955-August 1956, respectively127.9; 99.1; 119.3; 72.7; 84.1; 82.0; 89.8; 104.3; 112.0; 184.3; 198.8; 330.8; 152.8.
AExcludes "special category" shipments.
9Includes countries not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
October 1056
1956
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
August Septem- October Novem- December
ber
ber
January
February
April
March
May
June
July
August Septem
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE—Continued
Value t— Continued
r
Exports of U. S. merchandise, total^f
mil. of dol "•1,227.4 ' 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, 685. 7 1, 673. 6 1, 601. 7
By economic classes :d*
141 381 ••177 171 '207 278 ' 184, 758 175, 857 ' 144, 944 125, 247 '152,483 '183,152 ' 196, 186 183, 608 148, 669
Crude materials
thous of dol
82, 944 ' 77, 756 76, 231 '112,995 ' 108, 460 ' 132, 684 133, 558 110. 699
85 507 r 70 960 ' 61, 390 ••71,661
Crude foodstuffs
do
97, 572
Manufactured foodstuffs and beverages 9
do -- T' 67, 252 r 79, 495 r* 89, 860 ' 99, 742 ' 108, 069 ' 89, 135 ' 96, 185 '115,094 ' 87, 086 109, 941 116, 717
21 3, 784 r 196, 472 '217,014 ' 197, 527 ' 215, 776 ' 228, 462 '218,113 ' 231, 922 235, 918 196, 674
184, 892 '199 369
Semimanufactures 9
do
r
748, 401 r 719, 406 * 813, 579 ••759,399 '809,861 '757,564 '831,690 '957,062 ' 900, 261 '1,014,977 1,003,844 1,048,061
Finished manufactures 9
do
By principal commodities:
225, 297 '260 490 ' 289, 094 r 296, 994 ' 309, 513 ' 256, 806 ' 242, 950 ' 330, 192 313, 341 361, 061 356, 742 277, 148
Agricultural products, total©
do
19, 918
35, 952 ' 26, 751 31, 224
15, 807
18, 556 ' 50, 858
Cotton, unmanufactured
.__
__.do
59,428
57,298 40, 342
11, 957
21, 914
28,482
22,230
25, 224
28, 927
36, 992
30, 017
24, 062
29, 171
24, 801
25, 037
36, 075
21 872
Fruits, vegetables, and preparations
do
84 421 r 76 971 ' 63 625 T 73 675 '80 269 ' 76 310 74 129 ' 116, 003 '103 308 '122 539 127 985 112 041
Grains and preparations
do
22, 392
24 599
27, 219
26, 791 ' 24, 648 25, 901
27, 900
26, 504
23, 352
25 328
Packing-house products
do
19, 811
18 323
25, 430
21, 519
34, 560
22, 169 ' 22, 677 ' 24, 325 27, 659
36, 844 r 63 733 ' 64, 078 r 47, 806
33, 837
Tobacco and manufactures
-do
Nonagricultural products, total© _- mil. ofdol. ' 1, 002. 1 T 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
Automobiles, parts, and accessories
thous. of dol- - r 96, 098 88, 070 ' 91, 350 ' 109, 676 ' 126, 749 '113,592 ' 136, 255 ' 168, 743 132, 338 ' 134, 304 124,880
91, 772 ' 92 237 '97 724 r 93 Oil '97 116
Chemicals and related products§
do
89 838 ' 96 816'112,779 ' 104, 985 106 751 114, 482
69,420
42, 329 '41,818 ' 54, 236 60,749
r
46, 207
46, 510
Coal and related fuels
-_
do _.. 51, 948 r 53 205 56, 172 47, 614
62 729
78 295 ' 75 373' 83 438 ' 77 110' 83 924 ' 91 120' 92 439 ' 95 892 89, 213
Iron and steel-mill products
do
70 248
Machinery, total§©
Agricultural
._
Tractors, parts, and accessories
Electrical
.
Metal working §
Other industrial Petroleum and products
Textiles and manufactures
do
do
do
.__ do
do
- - do -
r
223 368 '235 865 '269 745 ••272 747 '289 015 '271 360 '294 198 '327 243 '320 123 353, 182
9,203
7,402
7 621
9 424
13, 730
12, 690
12, 808
7 342
9 213
10 895
' 61, 984
T
46, 172
r
53 222
49 487
r
r
58 566
55, 958
r
48 084
53 489
55 684
49 669
50 681
46, 554
' 43 748 53 746
52 812
57,289
340, 817
12, 089
33 014
90, 494
20 517
170, 883
360, 003
11, 564
28 745
133, 764
17 096
156 717
' 54 516 54 435
51, 602
51, 855
53.512
51 951
57 455
41, 845
1, 032. 4
1, 050. 9
46, 681
'193 344 179 677
' 252, 541 230, 079
255, 973 243, 486
127 370 119 745
208,965 212, 741
48, 861
181 060
239, 322
243, 354
919
7 982
414
7 962
18, 408
14 755
130
21, 002
'48 224
14 038
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
18 827
255
' 41, 977
17 095
17 638
174
34, 098
14 813
703
64 316
20 096
548
40, 493
T
r
General imports, total.
..
mil. of dol ••960.3
946 1 1,010 7 1,064 6 '1,007 8 '1 074 3 '1,050 2 ' 1, 102. 0 ' 989. 9
By geographic regions:
Africa
__ _
.
thous. of dol
47, 570
50 444 r 50 189 r r 45 442 ' 63 044 ' 50 048 ' 62 122 ' 52, 811 53, 405
Asia and Oceania
do
'187 173 '170 122 !68 523 !84 713 ' 162 066 '206 715 '181 062 192 235 '176 758
T
Europe
..
do
198, 820 '207 293 '237 191 ^253 912 '233 379 '250 778 '228 231 '248 516 228, 160
r
Northern North America
.do
245, 451 T 234, 621 r 239, 314 r 240, 588 ' 226, 939 ' 221, 768 ' 218, 143 ' 222, 235 ' 224, 164
Southern North America
do
' 94, 251 r 91 298 r r 87 892 '115 036 '117 332 '142 320 '141 184 '150 549 121 420
South America.
_do_ _ r 187, 006 r!92 361 227 614 r 224, 942 '205 073 '202 683 '219 504 ' 235, 612 185, 953
By leading countries:
Africa:
Egypt
>
do
1 365
1 507
823
1 699
842
1 594
3 348
1 411
3 551
r 7 019
Union of South Africa
do
4 273
7 124
10 993 ' 8 365' 11 120 r 8 944
6 402
7 789
Asia and Oceania:
Australia, including New Guinea
- do
11, 251 ' 11,112
5,953
' 7, 169 ' 15 128 12 002
3,751
4 810
10, 959
r
British Malaya
_
do
22 664 r 21 091 r 20 767
17 520
18 474 ' 18 155r 23 781 ' 22 919 23 225
China, including Manchuria
...do
454
193
848 T 2,547
965
807 r
664
1 006
'874
r
India and Pakistan _
do
18, 793
17, 402
20,411 25, 443 22,505 20,310
21,096
17, 875
20, 366
r
Japan
do
39, 410 r 39 058 r 43 921 ' 47 598 38 156 ' 50 305 36 718
39, 628 '44 223
Indonesia
do
18 967 r 18 414
16 259
19 407
15 004
21 335 r 20 393 r 22 491 r 17 200
Republic of the Philippines
.
do
31,290 r 19 859 15 840
21 097
25, 756
19 829
14 699
11 345
24 483
Europe:
France
do
17 142 r 17 355
17r 654
19 409
21 438 ' 19 256 ' 20 921 ' 19 047 19 548
r 575
East Germany ._
do
272
632
519
590
271
775
742
203
r
West Germany
do_.
34, 107 r 32, 501 r 37, 749 f 36 825
33, 569 '38 909 '34 514 ' 39, 894
39,550
Italy . do
14 137
11 716
19 265 r 19 009 ' 17 284 17 745
14 338 ' 15 483 15 846
Union of Soviet Socialist Republics
_ __do _
1,175
2,661
1,983 r 3 224
560
1,890
'455
2.138
' 1,490
United Kingdom .
do
55 507 r 49 421 r 59 5go r 59 242 ' 52 167 r 49 886 ' 57 140 ' 58 230 51 430
North and South America:
r
r
Canada.- do
245, 082 '234 199 r 239 314 240 443 '226 908 '221 750 '218 043 '222 179 '224 127
Latin American Republics, total©
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
_ _.. ..
do
do
do
do
do
do
do
_-do
r
262 756 '260 253 r294 457 r312 797 '294 259 '314 594 '334 006 '355 597
11 861
r
46,809
15 513
40 067
33, 816
27 147
50,404
r
Imports for consumption, total.
mil. of dol
960. 7
By economic classes:
Crude materials
thous. of dol. .••250,827
Crude foodstuffs .._ _ _ _ _ - - . _ _ do
141, 218
Manufactured foodstuffs and beverages... ..do
97, 165
Semimanufactures
do._ . •"254,210
r
Finished manufactures _
do
217 288
By principal commodities:
Agricultural products, total © . .
do
315, 847
Cocoa or cacao beans, incl. shells
do
15 759
Coffee
do
94 070
Hides and skins do
4,837
Rubber, crude, including suayule.. . ... do _. 39, 854
Sugar
_
do
42 374
Wool and mohair, unmanufactured
do . 23, 678
T 8 620
77 450
r 13 820
60 606
35 471
20 248
r
45 946
13 295
66' 183
14 430
28 699
r
32' 655
r 27 272
r
42, 981
r
'951 9
r
285
15 412
7 925
17 232 r 14 945
8 434
12
66 267 ' 78 931 42
r 76 936 ' 54 698 59 618
23 151
24
23 106 T 20 509
10 663
14 765
r 43 795
43 653
33 852
42' 582 ' 41 384 26
r
37 809 ' 27 877 35 128 ' 44 215 45 470
44
r 30 670 ' 33 025 38 377 r 41 499
43 408
34
r
50, 125 ' 55 957 ' 56' 506 55 827 ' 52, 527 54
l 013 5r 1 052 8
1, 090. 0
51,845
1 068
11 441
3,428
67 887
1, 049. 1
117,071
221, 199
16 f>30
2, 171
58 732
255 940
243 247
?43 319
309 073
9 625
64 674
21 806
32 379
48' 519
35 950
57 637
306
9
58
23
44
43
30
56
698
730
425
632
649
439
469
497
316 144
9 321
75 032
16 943
36? 173
40 646
32 535
59 832
1 069 9 1 027 4
1 044 9
264, 084
162 001
105 701
256 604
281 531
245, 665
174 997
105 562
243 596
257 571
248,
190
100,
236
270
233
023
038
081
568
133
437
306
708
196
020
410
332 663
15 872
107 882
7 760
27 363
40 156
22' 829
326
11
125
6
23
44
16
339
10
140
4
24
42
18
788
803
530
928
704
695
174
'678 747 '669 030 '655 173 '668 808 '659 745
15 145
9 224
9 067
8 914
7 651
737 258
7' 547
701 286
7 170
705 155
5 694
' 127, 639 ' 110, 608 ' 118, 762 ' 112, 670 ' 121, 103
' 50, 158
28, 393 ' 41, 930
42 457
48 276
13, 595
16, 350 ' 18, 459 14, 273
13, 043
24 214
24 595
29 361
28 628
25 673
' 57 282 ' 55 838 52 629
54 376
53 804
' 107 461 '105 804 ' 97 225'105 516
95 855
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
HO* 425
' 269, 457 ' 263, 127 ' 263, 955 244, 998
'181 590 '195 589 '215 189 144 605
'
' 95 817 ' 96 021 100, 913 101 054
'254 004 '245 766 '239 988 '237 042
'247 709 '234 365 '251 866 '249 179
'r306, 573 353 348 r 360, 782 '320 348 '379 547 '379 694 403
11 445
12 445 r 21 239 r 17 014
9 869
13 987
16
r gg 725 146 813 r 138 341 '123 464 r 122 152 ' 141 484 '159
5 793
5 269
3 167 r 4 887 r 4 476
7
3 907
r
38 175
43 216 ' 41 559' 49 140 '44 250
39 120
42
32 656
28 744
27 898
18 919
39 082 ' 42 789 44
20 963 ' 21 522' 18 898 17 677 ' 28 486 27 095
26
r
r
Nonagricultural products, total©
__
do
644, 861 645 299 r660 156 r 692 039
Furs and manufactures
do
4,437
5,215 r 3, 646
3,568
Nonferrous ores, metals, and manufactures, total
thous. of dol. _ 'r 120, 136 ' 123, 025 ' 121, 351 'r 124, 986
Copper, Incl. ore and manufactures
do
42, 537 ' 48, 234 ' 45, 161
48, 257
Tin, including ore
do. . r 15, 366 r 14, 016 r 15, 076 r 14, 272
Paper base stocks. _ _ _ ...
_
do
31, 773
28 942
28, 790
29 874
Newsprint
do
53 222 r 54 740
54 381
48 449
r
Petroleum and products . _
do
85, 593 r 84 537 r 81 624 T 95 387
742
364
171
084
713
565
556
114
'999 1 ' 1 048 6 034 9 '1 071 9 '976 9
'1
' 255, 025 ' 245, 025 r 248, 195 ' 260, 968
'
138 863 '191 177 193 968 '172 368
90,986 r ' 95, 044 ' 105, 311 78, 589
r
243 823 r 239 459 r 252 541 '255 240
r
223 356 242 798 r252 805 '231 929
r
127, 193
103, 409
68, 308
65 016
40 709
92, 039
22 426
171, 832
23 467
20 282
30 372
37 748
37 884
29 046
34 456
30 671
33 567
58, 408
67 298 r 67 941 ' 72 621 ' 73 694 ' 71 300' 74' 179 ' 76 456 ' 79 442
T
15 120 r 16 081 r 19 952 r 18 064 ' 20 269 18 829
17 060 ' 19 791 19 530
T
108, 255 '114 679 '131 707 '133 093 '138 801 ' 129' 241 ' 145 806 '165 001 '157 667
do
do
1, 324. 5
103
749
628
192
746
523
903
317
12
92
6
38
39
21
105
568
656
729
108
179
960
' Revised.
* Preliminary.
% Revisions for January 1954-July 1955 will be shown later.
J See similar note on p. S-21.
cfData 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.
fExcludes "special category, type 1" exports.
SURVEY OF CURRENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-23
1955
August
1956
SeDtem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
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.
50, 060
20 578
6,827
3 064
1 748
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
1,6.53
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
32, 560
12 392
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
* 14.8
T
803
131 5
r 14.8
T
740
119.4
14.9
r
783
124 4
'T 15. 0
737
119 5
15.0
T
776
124 0
15.0
r
708
114 9
15.0
r
654
111.0
15.1
2,397
396
17
178
245
27
85
218
1,230
2,916
546
Express Operations
Transportation revenues,
Express privilege payments
thous. of dol.
do
Local Transit Lines
Fares, average cash rate O
Passengers carried, revenue
Operating revenues
. _.
cents. 1 1T r14 5
millions
703
..mil. of dol i r 113 3
T
14 5
r 747
111 2
r
14.7
775
120 0
T
r
T
'r14.7
770
122 3
r
T
14 9
r
712
115 2
T
680
Large Motor Carriers (Intercity)
Carriers of property (quarterly totals) :1
Number of reporting carriers
_
._
Operating revenues, total
thous. of dol.
ExpensCvS, total
do
Revenue freight carried
_. .
thous of tons
Carriers of passengers, class I (quarterly totals) :
Number of reporting carriers
Operating revenues, total
thous. of dol..
Expenses, total
do
Revenue passengers carried
thousands
Class I Steam Railways
Freight carloadings (A. A. R.):d"©
Total cars
thousands..
Coal
.
do
Coke _.
do
Forest products
_
do
Grain and grain products
._
do
Livestock
do
Ore
_ _do
Merchandise, 1. c. 1
do
Miscellaneous..
do
Freight carloadings (Federal Reserve indexes):©
Total, unadjusted
1935-39=100
Coal
.do
Coke
. _
do
Forest products
_
do
Grain and grain products
do
Livestock
do
Ore.
do
Merchandise, 1. c. 1
do
Miscellaneous _ __..
do
Total, seasonally adjusted
.
do
Coal
_. .
do
Coke
do
Forest products .
do
Grain and grain products.
do
Livestock
do
Ore
do
Merchandise, 1. c. 1
do
Miscellaneous ._ _ __
do
Freight-car surplus and shortage, daily average:©
Car surplus, total 9 number
Boxcars
_
do
Gondolas and open hoppers
do
Car shortage, total 9 —
do
Boxcars. - _ _ _
do
Gondolas and open hoppers— _. .. .
_do _
Financial operations:©
Operating revenues, total 9mil. of dol
Freight
do
Passenger
_
do
Operating expenses _
do
Tax accruals, joint facility and equipment rents
mil. of dol
Xet railway operating income
do
Net incomej
_
do
Operating results:©
Freight carried 1 mile _
mil. of ton-miles
Revenue per ton-mile
_
_ _ cents.
Passengers carried 1 mile, revenue
millions
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports
thous. of net tons
Foreign vessels
do
United States vessels
do
Panama Canal:
Total
thous. of long tons
In United States vessels
.
. _do
900
865, 023
851, 862
58, 566
152
89, 499
86, 371
80 198
3,115
551
1,433
2,969
536
52
179
- 196
29
202
245
1,529
1,526
3,862
646
62
236
293
30
432
290
1,873
1,402
3,938
700
59
228
262
60
418
304
1,908
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
137
123
172
161
135
65
268
39
149
132
115
161
147
131
59
285
39
145
133
109
167
146
146
63
268
39
148
131
111
167
145
157
59
208
38
146
130
114
170
145
163
52
208
38
143
126
107
158
149
167
58
196
38
138
107
87
57
151
149
58
49
36
120
123
113
123
152
143
71
149
38
134
127
120
157
140
138
69
208
38
139
5 757
1 451
5 121
3 854
4 477
6 910
2, 172
40
2 945
1 503
1,246
3 355
2 366
4 802
3,844
1,430
24, 806
2,577
17, 683
4,014
2,966
13 640
3,218
7,519
6,882
2,905
3, 561
4 715
27
6,999
3,557
2,929
7 663
3, 767
3 673
1,484
2,005
366
165
5,674
3,797
858
706
69
695
2
4
9
2
831 6
703 9
65.1
661 4
814
695
57
641
889
759
59
678
0
7
7
4
877.9
749 2
60. 1
671.0
925.4
795 0
57.8
701. 6
900. 5
759 8
69. 1
686. 4
807. 6
670 7
72.2
654 4
907 3
764 7
70.9
114 1
103 1
79.9
85 3
77 8
95.0
107.3
62 9
46.4
106. 1
67 0
47. 1
121 6
89 0
70. 1
112. 7
94.2
73.7
121.3
102. 5
85.8
119. 1
95. 0
77.2
91.8
61 4
43.3
103 6
60 694
1.332
2, 152
55 229
1.385
2, 162
53, 722
1.366
2, 646
54 350
1.339
• 2,449
53 044
1.354
2, 101
56, 802
1.385
2,200
55, 414
1.400
2,215
58, 648
1.404
2,121
56, 373
1.392
2, 584
48, 304
1.439
2,792
11,846
8 807
3 039
11,978
8 828
3, 150
11,319
8 321
2 998
10, 729
8 122
2,607
9,961
7 823
2 139
9,584
7 458
2 126
10, 815
7 989
2,826
11, 453
8 403
3,050
13, 388
9, 767
3, 621
3 883
1. 517
3,810
1.268
3 279
1.045
3,707
1.051
3,508
968
3 819
3 744
1.026
3,874
1.137
4,045
1.089
3,814
1,027
3,871
1.022
3, 054
559
3,417
726
2,713
573
436
315
66
231
287
71
410
327
r 1 916
2 036
1 520
1,760
1,394
131
109
160
156
152
49
303
41
142
138
115
167
155
154
80
320
41
151
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
126
109
166
148
141
51
202
40
140
127
115
169
143
138
60
213
39
139
129
115
169
141
162
67
202
40
141
131
121
173
144
152
72
202
40
143
134
124
172
158
136
68
235
39
145
5 164
274
372
\3 369
8,018
5,, 179
-Hi7
5 045
3 505
3 574
5 558
12 922
7 299
5,332
20 942
11, 615
8, 692
15 916
8 952
6, 672
905 1
764 9
68.2
669 7
876
745
59
651
6
9
6
8
907 6
777 5
55.9
671 3
873 9
744 1
57.8
656 8
125 7
90.6
121 0
103 8
79 6
125.4
110 9
90.0
57 044
1.373
2,743
57 222
1.351
2,315
11, 990
8 768
3,222
3 703
1.469
r 109 6
151
95, 227
86, 566
71 404
67
226
239
35
110
312
1,866.
4,124
697
3,094
514
50
192
217
27
342
257
1 494
883, 010
840, 256
58 644
78, 348
81, 080
67, 635
153
157
110, 236
90 926
80 363
892
860, 387
832, 029
60. 038
783
789
807 935
771, 144
54 515
' 3, 938
r
658
r
64
r
232
r
264
r 53
T
r
453
297
136
894
53
167
207
50
251
247
247
359
69
210
220
46
103
284
598
870
55
173
185
34
74
225
761
2,751
563
55
173
182
26
80
238
979
448
870
2
1
3
1
894
3,517
662
777
444
740
53
184
202
26
331
242
6. 686
2. 642
3,490
735
34
198
225
37
234
241
446
148
12, 371
4,316
7,604
3,576
1.048
r
Revised.
1 Revisions for January-July 1955 are as follows (units as above): Fares, average cash—14.1; 14.2; 14.2; 14.3; 14.3; 14.3; 14.4; passengers carried—786; 734; 840; 802; 804; 758; 667;
operating revenues—119.5; 112.9; 126.1; 124.0; 121.7; 116.1; 107.8.
^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 September 1955; financial operations for August 1955.
d" Data for September, October, and December 1955 and March, June, and September 1956 are for 5 weeks; other months, 4 weeks. 9 Includes data not shown separatelv. t He vised data
or July 1955, $71,700.000.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
August
1956
Septem- October Novem- December
ber
January
February
March
April
May
June
July
August
Septem
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars .
7.97
71
Rooms occupied
percent of total
260
Restaurant sales index
. same month 1929=100
Foreign travel:
157, 479
U. S. citizens: Arrivals
number
113, 468
Departures
do
73, 692
Aliens' Arrivals
do
51, 897
Departures
__
_ - do.
40, 963
Passports issued and renewed
do
4,472
National parks, visitors
thousands
Pullman Co.:
564
Revenue passenger-miles
millions
7, 388
Passenger re^7enues
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
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
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
475, 538
265, 605
170, 757
318, 788
64, 084
47, 652
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, 516
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
of dol
do
do
20, 175
17, 215
2, 155
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, 155
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
do
do
do
2,817
2,156
374
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
£ 292
255
2. 854
2,102
487
2,839
2,140
434
do
do
do
2,954
2,247
601
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
8.37
71
273
7.48
64
240
54, 512 ' 41, 001
4, 755
4,660
551
7,807
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operatincr 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
Operating expenses incl depreciation
Net operating revenues
Ocean-cable:
Operating revenues
Operating expenses, incl. depreciation
Net operating revenues
Radiotelegraph:
Operating revenues
Operating expenses incl. depreciation
Net operating revenues
504, 721
286, 352
174, 157 .
339, 207
67,683
50, 819 "
"
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Ammonia, synthetic anhydrous (commercial)
short tons
Calcium carbide (commercial)
_ do
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas
.
do_._
Hydrochloric acid (100% HC1)
do
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 tons
Sodium bichromate and chromate
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% EbSOi)
thous of short tons
Price, wholesale, 66°, tanks, at works
dol per short ton
Organic chemicals :d"
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
237, 202
74, 634
96, 362
295, 492
66, 577
231,954
71, 374
77, 167
293, 929
69, 399
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 r 248, 384
74, 490
83, 824
92, 425
95, 002
308, 928 ••255,541
74, 168 r 57, 774
173, 057
2,397
244, 502
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
392 964
9,967
332 687
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
42, 238
So 154
56 279
58 811
53 826
55 209
57, 706
52, 261
54 728
55, 292
46, 827
45, 569
49, 505
66 232
67 906
74 570
74 934
70 329
76 575
68 390
70 333
71 445
72 678
63 421
61, 926
66. 657
2(55, 868
173, 527
1, 523
235 900
188, 875
2, 416
258, *70
402 926
7,779
283 019
409, 008
10, 344
327. 407
1,202
1,259
1, 355
1,418
1,469
1,437
1,350
1,441
1,363
1,382
1,270
1,130
1,182
22 35
22 35
22 35
22 35
22 35
22 35
22 35
22 35
22 35
22 35
22 35
22 35
v 22. 35
44 647
69 499
912
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
36, 263
38, 560
24, 877
13, 683
39, 225
1,007
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
21, 140
21. 476
8, 383
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
9, 162
10 967
6 820
80, 315
112 692
10, 165
13 712
7 204
80, 050
116 444
10, 837
12 100
5 398
85, 686
112 656
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
204
19 078
28. 271
199
17 814
24. 507
194
19 386
22. 919
200
19, 054
24. 965
196
11, 567
10, 340
10, 723
9,539
Creosote oil, production
thous. of gal
9,807
8,787 1 10, 166
9,710
11,277
10 991
11 592
DDT production
thous of Ib
10 190
10 273
10 742
10 310
11 083
7,809
7,702
Ethyl acetate (85%), production
do
7,726
7,765
6,124
6,791
7,636
9,360
86, 963
Ethylene glycol, production
. do
84, 885
84, 693
81,911
75, 535
82, 575
90, 684
81, 632
93, 912
Formaldehyde (37% HCHO), production
do
97, 092 107 005 111 181 107 479 111 691 110 519 121 906
Glycerin, refined, all grades:
Production
do
22, 102
23 114
22 943
23 093
22 641
24 836
20 436
21 819
16, 510
15, 719
Consumption
do
17, 193
17, 647
15 686
16 297
17,054
16 608
Stocks end of month
do
28, 146
40 497
34 280
29 200
30 241 30 546
37 188
45 146
Methanol, production:
187
190
197
Natural
_
_
thous. of gal. 186
196
206
178
189
17, 465
Synthetic
do
17, 590
17, 698
17,206
19 675
19 020
17 070
20 703
Phthalic anhydride. Droduction
thous. of lb._ 29. 735
28. 714
29. 625
29. 980
29. 749
30. 522
30. 414
31. 174
r
l
Revised.
» Preliminary.
Incomplete; comparable amount for February 1956 is 8,047,000 gallons.
9 Includes data not shown separately.
cf Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
r
242, 584
76. 718
94, 165
297, 057
69, 109
1
1
5, 370
11 927
6,736
72, 263
86 139
31. 930
SURVEY OF CUEEENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-25
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States)©
Exports, total 9
Nitrogenous materials
Phosphate materials. ..
Potash materials
292
thous. of short tons
172
428
440
-- short tons__ '•344,301 '498,831 '479,0*3 '357, 494
do
40, 223
76, 340
82, 376
86, 295
do
270, asi '379, 739 '369,312 '240,749
r
do
22, 784 r 32, 336
13, 771
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
Imports, total 9
do
« 124,833 r!77 855 '149 481 '179 487 '198 728 ' 268, 693 '246 446
0
Nitrogenous materials, total
do
'8 2, 824 '121 775 '85 902 121 309 126 789 '200 595 173 386
Nitrate of soda
d o _ _ _ _ 26, 074
28 273
57. 674
34 652
51 124
25 109
53 060
Phosphate materials
do
9 784
10 421
8 654
19 962
10 157
7 920
10 200
r 34 581 40 156
Potash materials ... _ _ _ _ _
_ _ _ do
17 946
32 974
6,798
33 838
38 378
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses.
dol. per short ton
51 25
51 25
51 25
51 25
51 25
51 25
51 25
Potash deliveries
short tons
Superp^osnbate (100% available phosphoric n,ci "):
Production
short tons
Stocks, end of month _ .
do
1.528
1.692
1,166
482, Oil '416.570 '53«,038
118 932 '79 21 4 121 277
318. 514 274 267 '372 716
34 375
32 799
45 726
656
237
458, 626
92 969
336 710
16 400
220, 701
69 233
116, 709
29 828
293
187
63
11
51
943
427
581
436
344
132 153
84 171
53 620
15 564
3 893
70 690
42, 309
6,212
7,369
6,099
51 25
51 25
51.25
P 51. 25
60 904
92 399
124 323
169 418 '136,584
388 630 '405, 765
143, 146
407, 485
081
857
410
474
501
51 25
266
195
80
8
19
838
624
688
538
991
51 25
182
110
48
12
7
115 859
137 897
145 617
161 564
153 431
198 820
223 621
210 257
257 348
144 256
136 990
292 176
182 209
301 413
214 998
318 612
216 397
333 858
230 776 1953 904
376 099 '418 373
243 934
432 524
246 634
371 161
241 236
292 981
292 820
320 768
478
74 622
466
69 589
521
69 983
411
67 244
418
63 900
501
2 943
499
3 000
545
3 004
537
3 095
476
486
3 181
504
3 216
3 194
3 205
3 240
19 094
15 322
14 299
16 956
15 018
12 277
16 326
15 143
11 399
20 261
14 532
13 492
16 158
11 31?
15 423
17 913
12 4QQ
14 519
21 294
15 094
14 398
18 957
14 386
12 316
19 gig
15 Q72
11 584
240 360
138 274
331 771
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous oflb
High explosives
do
Sulfur (rative):
Production _ _
thous. of loner tons
Stocks (producers'), end of month
do
574
522
66 6Q2
531
461
526
451
238
572
389
448
63 987
71 445
77 634
84 290
82 831
70, 574
82, 333
543
565
3 277
3 330
621
3,494
22 294
18 361
13 417
18 738
13 91Q
14 497
17, 090
14, 422
16, 377
17, 836
20, 197
11. 679
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
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats and greases rcf
Tallow, edible:
Production
thous
Consumption, fartorv^f
Stock (inrl refined grades) e ^ d o f m o ^ t h
Tallow and grease (except wool), inedible:
Production.
Consumption, fa^torvf
Stocks (excl. refined grades), end of month
do
do
do
216 060
128 855
251 071
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
241 645
132 790
318 893
Fish and marine mammal oils-A
Production J
Consumption, factory
Stocks, end of month
do
do
do
28 944
9 653
70 455
26 161
11 233
94, 337
15 432
12 375
98, 049
12 200
12 977
104 893
5 235
13 796
104 728
1 570
10 911
85 414
497
686
13 562
69 536
13 048
54 579
2 480
10 280
50 679
18 143
10 706
73 762
34 638
10 509
75 052
414
447
493
482
671
573
665
597
616
591
639
590
607
614
584
624
529
543
496
552
416
452
364
376
395
456
485
429
504
409
563
426
654
468
678
523
692
567
645
566
621
550
609
595
571
583
527
515
519
426
471
348
40 770
68 771
34 325 r 35 243
1 299
3 933
33 026 '31 310
63 517
24 732
1 145
23 587
76
43
3
40
923
478
875
603
98 657
32 ? 089
1 476
30 612
478
327
738
588
150 194
35 101
3*622
31 479
119, 263
44, 895
5,728
39, 167
short tons
do
do
31, 203
17 697
25, 099
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
thous. of Ib
do
39 835
38, 211
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
do
do
54, 334
33 155
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
do
do
do
85 529
13, 242
15, 790
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
349
212
345
1,066
494
917
1,689
708
1 898
1,406
781
2 523
2 421
72
618
1 898
1 353
38
497
895
16
387
523
19
258
285
20
151
154
142
119
177
365
182
361
103, 409
169 703
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
70, 391
58 955
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
43, 372
40, 375
58, 108
52, 108
57, 996
105, 137
16, 336
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
Vegetable oils, oils^ds, and byproducts:
Vegrtabl" oils, total:
Productio^, crud°t
Consumption crudo factory J
Stocks, end of month :J
Crude f
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:
Crude J
Refined
Stocks, end of month:
Crude
Refined
Imports
of Ib
do
do
niil. oflb
do
do
do
thous. of Ib
do
do
do
Cottonseed :J
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. of Ib
Stocks end of month
do
Cottonseed oil, refined:
Production
do
Consumption factory
do
In margarine
do
r
916 '133 907 131 374 109
677
40 859 ' 52 034 r 29
375
2 836
3 102 '3
302
38 023 r 48 932
26
570
672
169
692
214
824
3»6
438
169
45
4
40
106
31
2
28
' 39, 214 34, 970
' 9, 053 11, 090
83, 986
r 85, 977
180
244
384
328
397
416
Stocks end of month §J
mil oflb
287
273
283
32*4
378
417
417
.190
.190
.223
.224
.225
.210
Price, wholesale, drums (N. Y.)
dol. per lb__
.201
.188
.191
.204
.188
.188
.192
' Revised.
v Preliminary.
1 Beginning 1956, "other phosphatic fertilizers" are included. Such data for January 1956 are as follows: Production, 17,340 tons; stocks, 20,843 tons.
0States 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.
cf'For data on lard, see p. S-29. Figures prior to 1D55 for tallow (not shown in the 1955 BUSINESS STATISTICS) will appear later.
^Consumption figures for edibte 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.
^Revisions for January-July 1954 (August 1953-July 1954 for cottonseed and products) will be shown later.
§Includes stocks owned by the Commodity Credit Corporation.
a
Revisions for 1955 (short tons): Total fertilizer imports—January-May, 230,895; 237,472; 356,449; 246,395; 230,148; July, 148,427; nitrogenous materials—February, 165,974.
SUEVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 195*5
1955
1956
August Septem- October Novem- December
ber
ber
January
February
March
April
June
May
July
August Septem ber
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts — Con.
Flaxseed: _
Production (crop estimate)
thous ofbu
Oil mills:!
Consumption
do
Stocks, end of month
do
Price, wholesale, No. 1 (Minneapolis) _dol. per bu__
Linseed oil, raw:
Production^
thous oflb
Consumption, factory!
do
Stocks at factory, end of month!
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 oflb
Refined
do
Consumption, factory, refined!
do
Stocks, end of month:
Crude-..do
Refined!
do
Price, wholesale, refined (N. Y.)
dol. per Ib
Margarine:
Production
_
thous. oflb
Stocks (factory and warehouse), end of rnocf do
Price, wholesale, colored, delivered (eastern U. S.)
dol. per Ib
Shortening:
Production
thous. oflb
Stocks, end of month cf
do
2 51, 948
Ml, 258
3,268
5,573
2,978
5,764
3.47
4,213
3.68
3,368
3.35
.128
64, 490
42, 102
135 331
.133
59, 172
43, 716
130, 393
.146
24, 445
73, 783
2 635
3 034
3.15
3,064
4,797
4,275
3,132
7,542
3.08
7,166
3.10
3,263
6,695
3.17
3.21
52 553
46 629
63 138
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
135
136,013
3,202
2,171
946
762
933
3.77
3,017
1,584
3.83
1,920
1,212
3.38
3.34
1,051
3.28
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
P. 130
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
!
2470,064
19 891
7,201
18, 712
20, 117
25, 388
74, 133
25, 394
88, 365
371, 106
23, 869
81, 784
219 494
213 451
190 072
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
113, 578
78 623
.181
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
.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
100, 148
P. 175
91,592
113, 923
22, 206
124, 428
25 881
116, 447
22 835
115,218
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
20 632
23 703
81,159
.273
.273
.273
.273
.273
.273
.273
.293
.293
.296
.273
.273
*.273
151,447
149 813
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
141, 491
58, 210
136, 952
54, 941
82, Oil
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
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
4,012
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
4,296
501
585
7,458
569
489
4,055
8, 007-
3,606
7,376
513
429
3,481
7,178
«• 7, 254
487
407
2,355
5,872
344
370
44, 619
48, 460
26, 498
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
r 40, 607
44, 023
r
25, 083
r
54, 796
r
29, 643
31, 207
41, 277
15, 901
49, 751
25, 730
10, 617
10, 823
( 5, 510
58, 247 < 42,721
I 14, 121
11,493
7,288
r
41, 416
12, 898
PAINTS, VARNISH, AND LACQUER
Factory shipments, total
Industrial sales. _ _
Trade sales _
thous of dol
do
do
83,281
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of Ib
Molding and extrusion materials
do Nitrocellulose sheets, rods, and tubes
do
Other cellulose plastics
do.
3,390
7,681
8,728
396
430
413
332
Phenolic and other tar acid resins
Polystyrene _ _
TTrea and melamine resins
Vinyl resins __
Alkyd resins
do
do
do
do
do
39 087
41, 144
22 416
57, 022
35 886
42,221
Rosin modifications
Polyester resins
Polyethylene resins
Miscellaneous
do
do
do
do
}
[ 47,884
10, 767
12, 148
12, 628
11,083
52, 722
55, 953
57,917
_ _ _ _ _
50, 304
24, 280
60, 968
36, 700
62,159
497
501
12, 055
5,366
11,468
5,986
57, 449
78, 779
11,819
5,855
40, 567
13, 829
42, 205
13,902
47, 010
15, 655
10, 544
r
8,729
45, 634
14, 151
5,641
45, 998
12, 584
r 6, 212
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
Privately and municipally owned utilities
Other producers (publicly owned)
Industrial establishments, total
By fuels _
By waterpower
do
do
do
do
do
Sales to ultimate customers, total (Edison Electric Institute) !
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
r 56, 273
' 49, 392
r
39, 844
f 9 548
r 53, 170
r 46, 326
r 38, 146
r 8, 180
r 54, 566 r 54, 854
>•
r 47, 405
47, 785
r
38, 602 r 38, 545
r
8, 803 *• 9, 239
r 40, 198
>• 9, 194
•• 37, 587
r 8, 739
' 38, 755 «- 39, 099
»• 8, 650 «• 8, 685
r
56, 041
49, 086
37, 385
11, 701
56, 254
49, 451
39, 402
10, 049
49, 451
39, 539
9,913
58, 576
52, 194
42, 656
r
41, 533
r 9, 282
41, 769
9,351
38, 671
9,316
40, 509
38, 363
9,126
39, 738
40, 270
9,181
39, 701
42, 302
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
6,158
9,835
9,348
9,750
6,972
••233
'7, 171
»• 6, 946
'225
231
6,642
6,368
274
42,167
41, 887
41, 751
43, 654
44, 752
43, 994
43, 738
43, 097
42, 758
43, 075
7,026
6,924
6,862
6,776
22, 775
6,785
22, 570
6,945
7,054
22, 029
6,738
22,427
22, 649
23, 089
7,316
22, 941
356
9,672
954
396
862
51
9,892
7,801
21, 858
354
9,539
43, 010
7,476
7,497
352
54, 300
47, 489
35, 937
11, 552
7, 070
f 6, 831
'239
42 088
1,266
330
859
52
57, 404
50, 344
38, 565
11, 779
55,229
9,356
54, 630
47, 988
37, 362
10, 626
r
r 6, 844
r 6, 636
9,706
58, 092
51, 120
41, 764
* 7, 161
* 6, 929
6, 881
r 6 625
r
256
22, 026
r 57, 986
r 50, 815
41, 470
r
9, 345
r
>"208
9,812
1,213
356
873
54
391
10, 073
770
422
883
47
22, 703
433
11, 495
699
,452
876
50
6,741
22 680
427
12, 529
683
455
877
48
22, 441
398
405
380
359
342
11, 562
11, 038
10, 361
10, 198
224
328
12, 200
6,382
10, 495
1,201
684
414
891
42
778
400
906
51
955
362
888
49
876
341
899
49
975
322
929
52
335
936
57
Revenue from sales to ultimate customers (Edison
Electric Institute)!
thous. of dol. . 690, 493 695, 983 684, 817 681, 749 712, 806 734, 354 725, 160 714, 161 703, 854 697, 745 710, 990 719, 799
r
Revised.
» Preliminary.
1 Revised estimate of 1955 crop. 2 October 1 estimate of 1956 crop.
IRevisions 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).
c?Beginning January 1955, data exclude quantities held by consuming factories.
3.25
October 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
August Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured and mixed gas (quarterly):^
Customers, end of quarter, total
thousands. _
Residential (incl. house-heating)
__do
Industrial and commercial
do
Sales to consumers, total. .
mil. of therms
Residential (incl. house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers, total thous. of dol
Residential (incl. house-heating)
do
Industrial and commercial
do
Natural gas (quarterly):^
Customers, end of quarter, total
thousands
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
mil. of therms _
Residential (incl house-heating)
do
Industrial and commercial
._
- --do
Revenue from sales to consumers, total thous. of dol
Residential (incl. house-heating)
_. do
Industrial and commercial
do
r
••273
76, 693
51, 148
25, 053
350
1,348
997
342
170 126
130, 997
38 427
23, 824
' 21 , 933
' 1, 866
' r16, 679
5, 562
r
10, 321
''816,082
323
949
622
320
120, 754
89, 633
30, 605
24, 223
22, 290
1,907
21, 578
9 774
11, 188
r
22, 812
21, 094
' 1, 693
' 12, 304
' 1, 758
' 9, 756
* 482, 065
' 193, 823
r
269, 035
4,894
4,569
5,023
4,670
5, 122
»• 4, 758
'362
r891
' 580
'302
'118 375
' 86, 634
' 31, 126
r 5, 272
* 4, 855
'385
'555
274
24, 296
22, 398
1,872
16, 203
4,945
10, 762
784, 917
432, 203
338, 900
1,176,052
' 463, 254
761, 627
396, 569
'331,773
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production!
thous. of bbl
Taxable withdrawals
do
Stocks end of month!
do
Distilled spirits:
Production:}:
-thous. of tax gal__
Consumption, apparent, for beverage purposes
thous. of wine gal
Tax-paid withdrawals!
thous. of tax gal
Stocks end of month I
_
__do
Imports
thous of proof gal
Whisky:
Production!
thous. of tax gal
Tax-paid withdrawals!
_
do
Stocks end of month!
do
Imports
-thous. of proof gal
Rectified spirits and wines, production, total 9 I
thous of proof gal
Whisky!
do
Wines and distilling materials:
Effervescent wines:
Production!
__.
thous. of wine gal _
Taxable withdrawals!
do
Stocks end of month!
do
Imports
do
Still wines:
Production!
do
Taxable withdrawals!!
do
Stocks end of month §!
do
Imports
do
Distilling materials produced at wineries!
do
DAIRY PRODUCTS
Butter, creamery:
Production (factory) !
thous. of Ib
Stocks, cold storage, end of month _.
do
Price, wholesale, 92-score (New York)___dol. per lb__
Cheese:
Production (factory) total !
thous of Ib
American whole milk !
do
Stock:*! cold stoiage, end of month, total
do
American , whole milk _
_ do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. per Ib
Condensed and evaporated milk:
Production, case goods: 1
Condensed (sweetened)
thous of Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thou^ of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened) n
do
Evaporated (unsweeten d)
do
Price, wholesale, U. S. average:
9,210
9 025
11, 000
7,252
7 405
10, 380
6 432
6 248
10, 166
5,775
6 129
9,427
6, 169
6 296
8,896
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
9,394
8 673
11, 264
11, 379
19, 388
34, 917
31, 189
23, 033
17, 458
16, 888
19, 181
17, 652
18, 617
15, 862
15, 673
11, 369
836, 110
1,591
16, 906
13 613
834, 529
2 253
18, 507
17, 083
832, 581
2 525
20. 856
23, 847
16 731 . 10,486
833, 201 840, 638
3 620
2 504
11, 400
16, 257
14, 616
13, 371
11 523
13 736
9 279
13, 528
846, 286 847, 965 850, 415 851, 268
1,840
1 521
1 762
1 868
17, 628
13, 252
854, 709
2 022
16, 403
13 020
854, 755
2 086
8,142
5,267
716, 304
1,421
11, 189
7,226
717 568
2,031
12 863
9,216
717 991
2,310
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
5,470
736, 573
5 310
4,237
7 382
6,383
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
4,885
175
114
1 613
36
102
132
1 570
54
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
1,487
9 926
112, 250
393
5,633
19, 571
11 120
120, 826
452
52, 431
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
102, 465
327, 617
.582
91, 585
295, 043
.590
94, 070
256, 626
.588
91, 040
202, 204
.584
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
82, 685
.594
147, 885
113,318
.594
129, 080 110, 070
133, 918 '•118,217
.594
.601
91, 346
.613
113 990
85 340
596, 891
562, 419
3,567
99 595
70, 795
592, 241
559, 448
3,174
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, 440 117, 215
102,600 r 87, 955
551, 334 554, 518
512, 474 '513,625
3,168
537, 635
498, 278
.368
.389
.378
.379
.378
.375
.369
.369
.372
.382
.384
.381
.382
3,010
227 500
2,540
184 500
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
7,171
448 405
5,482
427 570
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
1,513
9 745
436
12 346
1,433
10 407
1,512
17, 445
2,009
12,243
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
9,590
8 777
11,515
8,734
9 015
10, 677
8,531
12, 178
14, 893
r
10, 565
11 269
r
851, 634 849, 082
1 748
8,067
.384
5.92
5.75
5.88
5.93
5.68
5 68
5 64
5 71
5 69
5 57
5 71
5 57
5 57
Fluid milk:
12, 656
11, 697
11, 024
11,512
12, 974
10, 794
9,660
9,582
8,668
9, 158
9,604
9,222
9,434
10, 515
Production !
mil. of Ib
3,993
5,345
4,637
4,592
5,309
4,282
3 453
3,680
3 075
3,679
3 244
3 322
3 775
Utilization in mfd dairy products
do
'4.11
3.85
3.84
3.86
3.98
4.30
4.43
4.14
3.98
4.36
4.24
4.17
4.36
3.98
Price, wholesale, U. S. average*
dol. per 100 lb__
Dry milk:
Production: !
10,500
11, 340
10, 750
9,700
9,450
9,500
8,925
8,700
8,750
8, 300
7,150
8,900
7,400
Dry whole milk
thous. of Ib
98, 700
87, 500 113 700 124, 900 127, 050 152, 000 168, 950 180, 000 177, 400 131, 100
88 200
89 100
98 600
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
8,522
11, 397
12, 004
15, 192
14, 274
8,914
8,304
10,314
10, 687
8,587
8,883
11, 875
10, 998
Dry whole milk
do
91, 928 100, 980 120, 430 147, 591 140, 920 118, 582
81, 719
81, 020
80, 763
83, 883
87, 848
116, 969 101, 502
Nonfat dry milk solids (human food)
do
Exports:
3,880
3,951
2,854
3,661
4,340
3,244
5,938
4,710
2,015
3,988
2,871
4,588
Dry whole milk
do
29, 336
11, 929
26, 127
34, 993
17,236
22, 925
26, 720
26, 148
4,701
19, 348
17, 859
17, 371
N onfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
.152
.151
.153
.151
.154
.154
.154
.154
.154
.154
.154
.155
.154
food). U. S. average _
dol. per lb__
• Revised.
^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 1951-December
1954.
9 Data beginning July 1955 exclude production of wines and vermouth; for July 1954-Junc 1955, such production totaled 70,000 gallons.
§Data include vermouth and aperitif wines other than vermouth.
*New series, representing average price received by farmers for all milk sold at wholesale to plants and dealers; data prior to January 1955 will be shown later.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
1956
August Septem- October Novem- December
ber
ber
January
February
April
March
May
June
August September
July
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu
Shipments, carlo t
no. of carloads
Stocks, cold storage, end of month
thous. of bu_.
2
247
233
603
9,121
3 484
34, 379
2,935
34, 854
U06 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
Citrus fruits carlot shipments
no of carloads
6 501
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
440 672
Fruits
thous of Ib
362 434
Fruit juices
do
605, 154
Vegetables
- - -- -- - do-_
Potatoes, white:
Production (crop estimate) 1f
thous. of cwt _
Shipments, carlot
no. of car loads- 9,481
Price, wholesale, U. S. No. 1 (New York)
dol. per 100 lb_- 3.269
4 791
4 529
4,719
10, 928
8 398
8 907
11, 436
10 457
12 249
9 469
57
••267
94 938
549
5,940
5 401
4 194
447 013 476 719
506 264 T 457 sol
588 076 '751 065
490 059
403 941
874 717
265
134
r
5 855
r
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
53S 673
415 357
368 954
550 716
481 368
12, 043
14, 020
14,812
i 227, 046
15, 578
18, 558
18 039
23, 446
19,633
19, 049
18, 705
11, 173
10, 164
3.033
3.217
3.206
2.881
4.175
4.070
4.795
5.695
6.542
6.600
5.925
p 4. 630
r 40, 175
35, 918
r 39, 136
44, 355
42, 159
38, 480
58, 386
60, 227
71, 850
71, 976
60, 162
26 258
16 156
14 266
13, 319
1 400, 295
13, 975
13 013
8 913
15 721
16 485
22 829
20 327
20 435
35 041
370 254
14 212
32 696
28 168
26, 149
24 980
28 720
52 566
49 968
4 661
4 549
11, 750
10 384
35 980
3 39, 499
10 637
45 145
9 570
21, 747
116, 642
8,418
23 834
5,050
27, 038
189, 510
7,848
25 275
12, 168
28 468
256,013
8 400
1.271
1.171
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
11,358
28 185
12, 502
40 062
11, 590
51, 592
i 3, 242
11, 188
22, 843
11, 686
22 993
12, 036
23 305
II, 963
26, 727
11,142
27 442
12, 329
26 672
11,099
16 899
11,391
17 556
12, 694
17 663
31 710
310 8
11 352
38 721
65 517
70 910
2 191.4
12, 344
73 496
76 559
87 270
63 647
63 262
7 149
10, 344
11 751
78 045
993 3
9 316
67 781
8,554
79 860
1 500 4
7,873
84 202
11, 292
10, 855
1.307
1.244
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
22, 109
8,727
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
38, 217
37 581
1,246,086
2,175
.610
33 297
27,283
27, 733
27 333
21 697
41 287
38 986
2,838
.635
2,947
.668
1,186
.655
4,037
.682
3,386
.708
27 585
3271 674
2,072
.724
34 655
3,123
(4)
24 760
566, 411
893
.661
21 916
1,612
.578
2,823
.736
.733
.715
23, 349
43, 754
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
90 993
56, 065
24, 692
81, 284
2242 167
9,991
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat), -thous. of bu_- « 47, 188
Barley:
Production (crop estimate)
Receipts principal markets
Stacks, d'-n estic, end of month:
Commercial
On farms
- ._- - __
Exports, including malt
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
do._do
_
do
do
do
dol. per bu._
do
Corn:
Production (crop estimate)
_ _ mil. ofbu..
Grindings, wet process
thous. of bu._ 12, 541
Receipts, principal markets§
do _ _ . 30,689
Stocks, domestic, end of month:
Commercial
do
28 050
On farms
mil. of bu_Exports, including meal
_. -thous. of bu_.
8,088
Prices, wholesale:
No. 3, yellow (Chicago)
dol. per bu_- 1.305
1.323
Weighted average, 5 markets, all grades
do
Oats:
Production (crop estimate)
..mil. of bu__
Receipts, principal markets§
thous. of bu._
Stocks, domestic, end of month:
Commercial _
_
do. _ _
On farms
-.-do
Exports, including oatmeal
do--_
Price, wholesale, No. 3, white (Chicago) -dol. per bu_Rice:
Production (crop estimate)
thous. of bags 9
California:
Receipts, domestic, rough
thous. of lb__
Shipments from mills, milled rice
_ do. ...
Stocks, rough and cleaned (cleaned basis'), end
of month
_ _ . thous. 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 lb-_
Price, wholesale, head, clean (N. O.)
dol. perlb..
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__
flour
do
do
2
9 039
2 3 369
r
6,608
2 1 155
26, 575
981, 205
2,765
.694
i 53, 532
17, 510
238, 219
120, 707
2 45 217
95, 868
101, 792
106, 170
100, 920
103, 365
106, 868
99, 246
65, 541
72,683
75, 444
986, 179 1.032,421 241, 850
260, 028 185, 179 121. 168
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
360.6
42, 291
.093
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
P. 083
1,638
9,138
1.046
902
8,932
1.112
1,384
8, 136
1.061
1.674
8,414
1.026
i 29. 078
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
6,428
9, 503
1.151
4,038
10, 058
1.329
2,780
11, 175
1.374
Wheat:
Production (crop estimate), total
mil. of bu._
Spring wheat .
do
Winter wheat. ._
do
57, 958
Receipts, principal markets§
thous of bu
Disppearance
do
Stocks, end of month:
372, 182
Canada (Canadian wheat)
do
United States, domestic, total cf
mil. of bu_.
Commercial
...
_. thous. of bu . 446, 093
Interior mills, elevators, and warehouse
thous. of bu._
Merchant mills
_ __
do _.
On farms
do
Exports, total, including
Wheat only
3
r
36 015
209,797
31 802
24 768
374, 487
1, 753. 7
448, 678
366. 890
363, 288
440, 750
421, 248
594, 312
141, 403
428, 541
i 936. 8
i 233. 7
i 703. 0
21, 007
213, 684
28 577
26 046
23 929
221, 880
29 874
26 851
364, 732 358 515
1. 542. 0
403, 181 390, 669
349 280
389 863
1, 322 6
366, 412
330 693
327 943
381, 756
559, 101
126, 878
323, 800
o 24, 966 ' 17, 932 11. 422 ' 19, 480 20. 503
0
21, 227 ' 14, 891 7, 153 ' 14, 702 15, 984
357, 301
336 269
31 030 4
341, 277 3 332, 323
25, 093
21, 161
24, 949
21 374
40. 361
35 834
2 21 961
11, 968
1.435
2 975. 5
2 253. 6
2
721. 9
106 118
64 697
359 861
351 092
412, 859
428 737
428,082
3 440, 262
3 64 641
3 67 716
503, 572
102 455
218 164
T
T
54 981
296, 048
387.7
r
r
33, 701
28 877
45, 873
41 658
49. 546
44 378
40, 876
37 138
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2. 513
2.511
2.487
dol. per bu._
2.505
2.429
2.478
2.447
2.475
2.457
2.481
2.481
2.488
2.381
2.393
2.198
2.207
2. 253
No. 2, hard winter (Kansas City) ._ _ _do
2.151
2. 155
2.242
2.216
2.333
2, 100
2.242
2.285
2.087
2. 190
2 282
2.043
2.153
No. 2 red winter (St. Louis)
do
1.945
1.923
2.225
2 125
2.156
2.035
2 327
2 020
1 992
2 221
2.206
2 176
2.445
2.445
2.231
2. 389
2.407
2. 295
2. 345
2.478
2.461
2.388
2. 423
2. 437
Weighted ave.. 6 markets, all grades
do
2.397
2. 445
T
7
Revised.
v Preliminary.
1 Re\ ised estimate of 1955 crop.
2 October 1 estimate 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 corn).
* No quotation.
§ Toledo included beginning with June 1955.
9 Bags of 100 Ib.
cf The 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
a
Revisions for January 1955 for exports of grain (thous. bu.): Total (barley, corn, oats, rye, wheat)—35,541; wheat, includingflour—24,557;wheat only, 21,138.
SURVEY OF CUKRENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATIST ICS
August
S-29
1955
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
r
Flouri-..
thous. of sacks (100 Ib.)
18, 614 ' 19, 163 r 21, 002
O perations, percent of capacity
85.7
76.0
93.8
Offal
short tons__ 371, 633 377, 855 411, 194
Grindings of wheat J .
thous ofbu
Stocks held by mills, end of quarter
thous. of sacks (100 lb.)._
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 lb.)_.
Whiter, hard, short patents (Kansas City) do
r
43, 238
44 278
r
48 375
19, 760
88.3
384, 694
T
r
T
45 493
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
44 468
44 818
41 055
44 044
39 945
42,878
40 563
41 266
46, 875
1,688
1,534
5,213
1,943
2,070
1,809
4,715
2,218
1,604
19, 318
86.3
376, 700
1,605
4,632
1,305
1,832
2,050
5,078
1,940
6.150
5.775
6.225
5.625
6. 275
5.775
6.165
5.625
6. 075
5.760
6.180
5.625
6.220
5.600
6.110
5.775
6.215
5.725
6.115
5.725
6.195
5.735
710
1,752
2,533
°537
728
1,693
3,058
947
700
1,662
2,674
734
633
1,617
2,091
420
602
1 697
2,354
249
586
1,484
1,870
183
647
1,566
1, 905
196
604
1,545
2,046
216
606
1. 646
2,124
196
22.67
17.97
24.00
21.95
18.02
26 00
20 84
16.92
22 00
20 30
15.89
24 00
20 01
17.13
28 00
18 85
17.04
28.00
18 89
17.44
24.50
19.87
17.81
24.50
5,144
2,682
6,144
3,251
6,857
4,099
7,324
4,056
6, 705
3 908
5,922
3,262
6,327
3,294
15. 75
14.30
12.01
10.38
11.08
12.03
12.7
12.7
11.2
9.2
9.4
10.2
1,344
1,625
«564
1,248
1,797
513
1,162
1, 273
247
1,155
1,091
161
1,329
1 248
160
1,163
994
121
19.75
17.83
19.50
18.18
18.62
17.88
18.25
16.68
19.00
16. 96
20.00
18. 60
1,897
1,977
2,121
2,254
2,340
2, 312
448
53
30
405
49
26
444
81
23
601
91
28
777
98
21
858
95
r
25
1 032 9
120, 581
2 721
14, 072
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
.405
.420
.396
.376
.362
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. of animals..
646
Cattle
. _
do
1,797
Receipts, principal markets
do __.
2,596
Shipments, feeder, to 9 corn-belt States
do
°264
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
22.33
Steers, stocker and feeder (Kansas City). . do
17.69
Calves, vealers (Chicago)
do
23.00
Hogs:
Slaughter (federally inspected)
thous. of animals..4,475
Receipts, principal markets
do
2,519
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb_. 15. 31
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog._
12.1
Sheep and lambs:
Slaughter (federally inspected) ...thous. of animals. _ 1,239
Receipts, principal markets
.
do
1,288
Shipments, feeder, to 9 corn-belt States
do _.
«269
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 Ib
20.75
Lambs, feeder, good and choice (Omaha)
do
2 17. 60
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter _ _ __ _
_
mil. oflb
Stocks (excluding lard), cold storage, end of month
mil. of lb._
Exports (including lard)
do
Imports (excluding lard)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb__
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb_.
Lamb and mutton:
Production, inspected slaughter
thous. of Ib
Stocks, cold storage, end of month
_ _ do
Pork (including lard), production, inspected slaughter
mil oflb
Pork (excluding lard) :
Production, inspected slaughter
thous. of Ib
Stocks, cold storage, end of month- _
do
Exports
do
Imports
do
Prices, wholesale:
Hams smoked, composite
dol. per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production inspected slaughter
thous of Ib
Stocks dry and cold storage end of month
do
Exports
do
Price wholesale refined (Chicago)
dol per Ib
r
r
r
r
6. 310
5. 425
v 6. 045
P 5. 625
596
1,679
2,146
201
610
1,728
2,543
226
691
1,774
2,686
580
661
1,617
20.12
17.68
25.25
20.79
17.02
22.50
22.28
17.36
22.50
25.61
17.88
* 23. 50
27.31
17.22
5,252
2,895
4,875
2,749
4,326
2,480
4,199
2,485
4, 559
2,499
4,979
12.63
14.60
15.50
15.40
15. 23
16.12
16.01
10.2
10.8
11.2
11.0
10.6
11.2
10.8
1,216
1,087
139
1,129
1, 146
115
1,063
1,054
121
1,084
1,047
113
1,168
1,184
151
1,268
1,403
361
1,167
20.12
18. 18
20.75
0)
26.00
2 20. 00
23.75
19.55
22.75
18.12
22.00
18.41
20.50
19.00
2,018
2,128
1,930
I t 942
1, 865
1,853
1,883
884
77
21
879
90
21
861
82
25
781
93
24
694
69
23
593
66
24
'461
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
.368
.347
.336
.354
.358
.367
.388
.443
.486
50, 571
7,975
55, 246
' 9, 002
9,456
781.6
801.5
2
54, 343
8,737
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
809.8
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
605, 362
218, 624
3,642
13 750
678 528
179, 182
4 461
11 681
805 841
205, 197
6 441
11 583
908 359
306, 714
5 823
14 563
967 766 883
420, 816 481
6 358
8
11 782 r 15
358
602
386
309
772 981
517, 991
r
7 609
11 594
803, 772
514. 124
6, 197
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
539
.458
501
.492
456
.409
454
.374
446
.346
459
.365
486
.368
503
.425
149 419
97 014
35 672
133
159 349
75 Oil
30 545
138
190 120
74' 756
56 426
' 153
235 332
98 426
66 532
138
261 249 240
146 985 183
69 813 3 65
125
907
615
355
123
203 189
209 930
48 327
138
224 101
232* 719
62 228
135
182 846
226, 017
59 328
145
58, 494
161, 947
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
448
.326
406
1, 020. 8 1, 026. 0
140. 703 ' 131, 379 127, 126
6 500
9,920
577. 249 596, 294
306, 727 -•203,596
4,602
12, 626
163, 053
.511
.534
.461
'. 526
.502
p. 516
.474
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
55, 444
120, 001
55, 987
119, 649
69,299
67, 334
57, 090
126, 769 ' 164, 422 232, 327
. 501
.478
P. 156
POULTRY AND EGGS
Poultry:
55, 937
Receipts, 5 markets
thous. of Ib
Stocks, cold storage (frozen\ pnd of month _ do ... 119, 769
Price, wholesale, live fowls, heavy type, No. 1
.215
(Chicago)
dol. per Ib
Eggs:
4,295
Production, farmj
_
__ _ millions
1,537
Dried egg production
thous. of Ib
Stocks, cold storage, end of month:
Shell
. _
__ ._
thous. of cases. . 1,680
179, 920
Frozen
thous. of Ib
Price, wholesale, extras, large (Chicago)
.464
dol. per doz_.
.235
.233
.210
.235
.250
.240
.260
.250
.250
.225
.190
p. 185
4,245
1,281
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
1,140
155, 365
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
172, 366
1,259
177, 427
' 1, 020
167, 943
711
151, 920
.514
'.495
.501
.514
.398
.406
.396
.392
,371
.414
.382
.459
106 860
106 842
115 327
99 362
92, 710
86, 087
73, 121
72, 415
59, 964
21, 109 ' 16, 482 14, 738
318
333
340
21, 336
324
18, 462 '31,955 ' 26, 204 27, 154
293
275
324
265
21, 195
263
28, 798
260
22, 318
261
.447
r
MISCELLANEOUS FOOD PRODUCTS
Confectionery manufacturers' sales
Cocoa or cacao beans:
Imports (incl shells)
Price wholesale Accra (New York)
thous of dol
long tons
dol per Ib
' 61, 379
!
90 983
2
' Revised.
9 Preliminary.
° Revised to include data for South Dakota.
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.
% Revisions for wheat flour production and wheat grindings (January 1954-July 1955) and for egg production (1950-54) will be shown later.
3
' 54, 961 74, 628
20, 575
.290
*>282
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise slated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee:
Clearances from Brazil, total
thous. of bagso?
1,221
To United States
do__.
681
527
Visible supply, United States
do
0
1,416
Imports
.
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb__
.550
Fish:
Stocks, cold storage, end of month.
thous. of lb__ 184, 217
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons__ ' 3, 162
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
_
_ short tons__ 47, 821
En tries from off-shore
do
756 514
Hawaii and Puerto Rico ..
_ _ d o _ _ _ 298, 793
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 Ib _
Refined:
Retail§
dol. per 5 Ib _
Wholesale
dol. per lb__
Tea, imports
thous. of lb__
1,810
1,207
r
1,882
1,134
1 661
528
914
564
1, 478
2,215
r 2, 146
521
1,126
657
831
1,892
1,228
r
821
704
1, 885
1,978
1,307
1,201
1,204
»• 2, 182
f 2, 394
1,388
793
711
770
728
753
1,562
988
772
1,616
1,464
1,379
1,803
2,071
940
872
804
981
1,397
868
891
.6JO
.568
.540
.530
.535
.575
.560
.565
.573
.580
.588
191,504
190, 783
188, 953
175, 297
163, 178
140, 878
127, 459
122, 741
124, 218
144, 144
163, 506
2,882
2,532
2,132
1,882
1,457
2,482
3,707
4,257
4,022
3,581
3,181
2,432
119, 175
541, 149
240, 626
521, 457
515 800
201, 641
752, 375
449 748
168, 780
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
741 221
246, 680
r 898, 722
'879,436
r 19, 286
798, 299
793 627
4,672
733, 258
727 967
5,291
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, 328 869, 070
781 578 r 865, 344
3,726
21, 750
963
271
864
290
1,132
1,717
1,918
1,003
1,881
9,721
1,861
11, 961
1,761
1,618
17, 082
1,587
33, 920
1,427
29, 261
* 1, 231
400
347 346 r 355 572
r
238 517 263 097
106 024 r 92 452
36 394 T 45 627
34, 474
20, 526
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
376 216
233 526
142 688
40 099
36, 120
353, 752
260, 125
87, 803
51, 216
49, 964
°368 705
207, 794
°155 457
24, 751
22, 359
.060
.496
.084
0
8, 633
0
266, 507
r
189, 940
r
49 280
40, 798
39, 271
606
909
261 645 265 534
231,389 242 385
30 252
16 513
7 334
f 14 258
r
5,677
12, 501
185 267
177 067
4 480
698
416
456
.602
.615
897 860
1,040
.060
.061
.059
.058
.059
.059
.060
.061
.061
.060
.061
p. 060
.496
.084
8,695
.497
.085
8,047
.501
.085
9,341
.501
.085
6,718
.500
.499
8,174
.499
.085
7,786
.500
.086
6,964
.500
.086
9,728
.500
.086
7,564
P. 500
p .086
9,381
.499
.085
10, 498
TOBACCO
Leaf:
Production (crop estimate)
_ _. mil. oflb_
Stocks, dealers' and manufacturers', end of quarter
total
mil. o f l b _ _
4,700
Domestic:
335
Cigar leaf
.
do
Air-cured, fire-cured, flue-cured, and miscel4,194
laneous domestic
mil. of lb__
Foreign grown:
18
Cigar leaf
do __
154
Cigarette tobacco
do
Exports, including scrap and stems
thous. of lb. « 47, 848 r 85, 360 ' 85, 773 ' 64, 358
9,453
9,766
Imports, including scrap and stems
- do
9,698
10 383
Manufactured products:
17, 388
17, 395
17, 934
16, 179
Production, manufactured tobacco, total
do
7 233
6 627
6,967
6 880
Chewing plug and twist
do
6,304
7,054
7,024
7, 256
Smoking
- _
do
3 249
3 260
3,366
Snuff
do
3,678
Consumption (withdrawals):
Cigarettes (small):
2,937
2,232
2,416
2,449
Tax-free
- _- millions.
32, 937
32, 076
36, 760
32 644
Tax-paid
do
535 596 533 707 551 082 613 199
Cigars (larae) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
16, 624
thous. of lb_
17, 518
16, 909
16, 807
1 226
1,402
1,280
1,080
Exports cigarettes
millions
Price (wholesale), cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
3 938
3.938
3.938
dol per thous
3. 938
085
085
2
1 2, 196
2, 067
4,586
5,030
5,175
310
376
351
4,671
4,420
4,019
21
213
19
175
21
195
35, 489
11 096
30, 505
9 304
23, 094
10, 193
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
2,523
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
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
' 27, 760 r 30, 295
9,741
9 534
44, 678
7,660
46, 228
10 795
29, 151
9 415
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
2,570
27 357
432 028
2,091
32 871
453 272
2,132
30 733
463 104
13, 115
1,219
15, 298
1 146
3 938
3 938
p 3. 938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins 9
thous. of Ib
Calf and kip skins
thous. of pieces. _
Cattle hides
do
Goat and kid skins _
-_ -_ do
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins, packer heavy 9^i/15 Ib
dol per Ib
Hides, steer, heavy, native, over 53 Ib
do
11,698
129
41
2,313
2,197
7,281
91
15
1,964
578
11,541
••277
18
2,172
2,298
9,640
81
'70
2,412
890
8,357
61
9
2,904
529
12, 088
237
19
2,749
1,326
13, 147
88
15
2,674
2,306
15, 337
47
25
2,074
4,473
15, 445
86
42
2,611
3,494
18, 316
132
42
2,666
3,594
14, 833
83
21
2,256
4,012
11,421
135
30
2,623
1,454
.475
.138
.475
.148
.500
.148
.500
.133
.500
.133
.500
.103
.500
.110
.513
.105
.525
.123
.500
.123
.500
.128
.500
.133
p.500
P. 138
LEATHER
Production:
871
827
836
802
819
Calf and whole kip
thous of skins_644
890
807
874
759
701
496
2,210
2,158
2,237
2,202
2,262
Cattle hide and side kip
thous. of hides and kips. _
2,203
2,255
2,305
2,165
2,076
2,364
1,731
2,000
2,001
2,212
2,235
2,187
2,243
2,251
2,377
2,155
Goat and kid
thous of skins
2, 544
2,061
1,797
2,382
2,560
2,130
2,212
Sheep and lamb
_ do
2,222
2,328
2,535
2,310
2,275
2,360
' 2, 109
1,777
Exports:
Sole leather:
3
85
64
121
57
47
51
Bends, backs, and sides
thous. of lb__
(3)
(3)
( 3)
(3)
(3)
(3)
12
85
77
30
65
Offal including welting and belting offal
do
31
(3)
(3)
(3)
(3)
()
(3)
4
3,576
4 2, 565
4 2, 615
3,407
3,009
* 2, 507
2, 978
42,439
3,429
3,099
* 2, 466
Upper leather
_
thous. of sq. ft_.
2,891
Prices, wholesale:
.595
.600
.605
.605
.610
.610
.600
.610
.620
Sole, bends, light, f o b tannery
dol. per Ib..
.630
.630
P. 630
.630
Upper, chrome calf, B and C grades, f. o. b. tan.998
1.022
nery
dol. per sq. ft
.987
.987
1.022
1.030
1.013
1.030
1.125
1.078
1.118
1.118 P 1. 123
r
Revised.
p Preliminary,
2
3 Not sep arately a^Bailable.
* Exclu des small quantities combine d with otller types.
i Revised estimate of 1955 crop.
October 1 estim ate of 195 6 crop.
9 Includes data fo r types nc t shown s eparately
tfBags of 132 Ib.
§Data represent price for New ^fork and Northeas tern New Jersey.
« Revisions, 1955 (units as above): Coffee— June, 1, 359; raw s ugar, tota 1— May, 2 58,086; Ju ne, 305,00 5; sugar fi om Phili 3pine Isla nds— Ma17, 124,145, June, 136>,940; tea--April, 8,C95; May,
7,802; tobacco—July, 50,221.
SURVEY OF CURRENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-31
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
Shoes, sandals, and play shoes,
total
By kinds:
Men's - Youths' and boys'
Women's
Misses' a n d children's _ _
-Infants' and babies'
54, 115
50 610
48, 197
42 921
45, 551
53 139
56,230
55, 134
48 822
47, 963
44, 416
42 158
54 647
46, 691
42 767
40,628
36 162
40 834
49,668
51, 863
50, 077
43 727
42, 314
38, 751
36 856
46 469
do
9,316
1,997
do do
26, 246
_ _ _ _ d o . 6,074
3,058
do
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
9,681
1,841
27 484
7,185
3 477
10 304
1,945
28 176
7,722
3 716
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
6,345
3,102
8,091
1,561
21, 495
5,056
2,548
7 518
1,567
20 889
4,700
2 182
9,819
1,968
25, 600
6,130
2,952
6,461
386
577
330
7,245
388
210
392
7,068
375
126
368
6,274
370
115
335
4 185
388
144
319
2,897
386
188
l 208
3,768
431
168
1358
4,482
438
137
J
384
4,568
436
91
1
287
6,007
470
172
1
288
4,987
457
221
1
236
4,573
356
373
232
7,252
528
398
110 0
110 0
112 8
116 8
116 8
116 8
116.8
119.8
124.1
124.1
124.1
124.1
P 124. 1
116.8
112 3
116.8
112 3
118.1
117 4
118.1
117 4
118.1
117 4
118.1
117 4
118.1
117 4
118.1
117 4
129.9
117 4
129.9
117 4
129.9
117 4
129.9
117.4
T> 129. 9
p 117.4
thous. of pairs
except athletic,
thous. of pairs
_
Slippers for housewear
do
\thletic
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 gj^d misses' pumps suede split
do
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association: J
Production, total __
mil. bd. ft _
Hardwoods
do
Softwoods
do
3,654
614
3,040
3,544
671
2,873
3,432
703
2,729
3,112
669
2,443
2,889
608
2,281
2,932
627
2,305
2,914
625
2,289
3,083
601
2,482
3,138
597
2,541
3,423
627
2,796
3,305
640
2,665
3,067
633
2,434
3,537
657
2,880
3,671
703
2,968
3,471
712
2,759
3,374
755
2,619
3,092
716
2,376
2,794
672
2,122
2,903
676
2,227
2,966
678
2,288
3,261
669
2,592
3,259
639
2,620
3,373
593
2.780
3,160
558
2,602
2,949
511
2,438
3,262
556
2,707
8,440
3,506
4,934
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
M bd. ft_. 74, 673
385, 231
do
60,868
351, 108
89, 154
309, 254
56, 231
272, 349
64, 125
237, 090
46, 867
255, 873
59,280
259, 714
62, 767
292, 078
61, 350
265, 140
59, 656
272, 300
68,151
290, 466
70, 485
327, 728
720
762
851
777
788
656
676
816
742
862
617
606
741
686
917
664
583
710
687
940
756
710
679
629
990
772
746
769
738
1,066
739
746
751
739
1,068
868
798
768
816
1,020
747
775
776
820
989
790
708
835
856
968
689
624
760
774
954
712
630
655
706
902
30, 472
Exports total sawmill products §
M bd ft
15, 214
Sawed timber §
do
15, 258
Boards planks scantlings etc
do
Prices, wholesale:
Construction, No. 1, dried, 2" x 4", R. L.
dol. per M bd. ft_- 89. 173
Flooring, B and better, F. G., I" x 4", R. L.
131. 867
dol per M! bd ft
Southern pine:
794
Orders new
mil bd ft
285
Orders unfilled end of month
do
750
Production
do
797
Shipments
do
Stocks, gross (mill and concentration yards), end of
1,670
month
mil bd ft
6,757
Exports total sawmill products §
M! bd ft
1,550
Sawed timber
do
5,207
Prices, wholesale', composite':
Boards, No. 2 and better, 1" x 6", R. L.
dol. per M bd. ft-- 78. 922
Flooring, B and better, F. G., I" x 4", S. L.
dol.perMbd. ft_- 151. 263
Western pine:
850
Orders new
mil bd ft
453
Orders unfilled end of month
do
959
Production
do
909
Shipments
do
1,646
Stocks gross mill end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common,
80.76
1" x 8",
dol. per M bd. ft_-
21, 503
11, 861
9,642
30, 233
17, 247
12, 986
20, 477
9,378
11, 099
27,160
13, 512
13, 648
19, 420
(2)
(2)
20, 020
(2)
(2)
26, 280
(2)
(2)
25, 805
(2)
(2)
23, 300
(2)
(2)
28, 398
8
34, 013
21, 310
12, 703
89. 320
89. 915
89. 786
89. 174
' 88. 206
Shipments total
do
Hardwoods
do
Softwoods
do
Stocks, gross (mill and concentration yards) , end of
month total
mil bd ft
Hardwoods
doSoftwoods
do
Exports, total sawmill products!
Imports total sawmill products
SOFTWOODS
Douglas fir:
Orders new
Orders unfilled, end of month
Production
Shipments
Stocks gross mill end of month
mil bd ft
do
do
do
do
752
566
830
775
956
P 86. 777
89. 320
89. 180
87. 962
88. 102
89. 180
89.180
132. 194
132. 504
132. 504
134. 138
134. 138
134. 603
754
293
734
746
713
269
717
737
654
229
712
694
601
217
688
613
723
275
733
665
671
275
687
671
733
270
729
738
727
287
714
710
723
261
760
749
664
240
691
685
675
221
690
694
730
215
729
736
1,658
6,222
1,772
4,450
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
(2)
(2)
1,815
6,958
(2)
(2)
1,806
6,540
(2)
1,810
5,639
(2)
(2)
1,821
7,567
(2)
(2)
1,827
7,208
(2)
(2)
1,823
7,983
2,010
5,973
1,816
81. 891
r 82. 425
» 81. 881
134. 603 3135.001 3135.234 3134.989 '3132. 570 p3131. 244
(2)
80. 155
80. 683
81.474
80. 679
80. 588
81. 294
84.079
83. 826
83.035
151.018
149. 916
149. 916
149. 916
152. 206
152. 206
155. 159
154. 179
154. 546
826
454
872
825
1,693
702
380
846
775
1,764
603
367
638
616
1,786
628
418
592
577
1,801
605
457
510
566
1,745
580
459
531
578
1,698
678
498
610
639
1,673
681
489
671
690
1,654
714
441
788
762
1,680
733
424
818
749
1,750
684
415
746
693
1,803
730
347
913
799
1,917
80.74
80,13
79.36
78.83
79.43
81.30
82.31
83.50
83.67
82.21
«• 79. 80
» 79. 80
153. 934 f 154. 154 P 154. 447
HARDWOOD FLOORING
Maple, beech, and birch:
4,375
4,525
5,325
4,350
4,900
5,650
4, 500
4,350
4,300
3,850
5,550
4, 250
3,450
Orders new
M bd ft
14, 550
15, 450
16, 900
15, 400
16, 050
15,000
12, 150
13, 050
12, 000
11, 750
15, 475
14, 350
12, 000
Orders unfilled end of month
do
3,225
4,350
4,000
4,250
4,050
3,900
4,100
3,650
4,100
3,900
3,875
4,850
4,100
Production
do
5,025
4,300
5,000
4,100
3,600
3,700
3,950
3,800
3,650
3,900
5,425
4,225
4,775
Shipments
do
7,700
6,555
6,200
8, 700
8,500
8,000
7,750
7,800
7,500
7,525
7,200
8,000
7,300
Stocks mill end of month
do
Oak:
92, 406
79, 691
85, 603
78, 010
91, 136
94, 572
97, 078 105, 106
71, 777
105, 632
78, 741
99, 084
87, 858
Orders new
do
49, 448
55, 624
62, 224
74, 889
82, 346
80, 765
71, 450
66, 728
61, 168
91, 074
85, 704
72, 123
99, 403
Orders unfilled end of month
do
96, 955
87, 880 102, 497
93, 738 104, 641
98, 616
93, 743
96, 899
93, 665
109, 306 105, 238 102, 070 102, 317
Production
do
97, 807
86, 291
93, 349
95, 791
91, 370 100, 007
89, 512
82, 732
91, 007
95, 049
108, 070 105, 810 100, 684
Shipments
do
87, 716
81, 038
80, 516
79, 190
74, 556
73, 249
74, 077
62, 545
68, 437
44, 344
51, 612
42, 958
Stocks, mill, end of month
do — 44, 424
J
2?slot availalble.
it
3 I or O and better, fig or mixe d grain; n ot entirely^ compara ble with <lata prior
'Revised*.
*> Preliminary.
Excludes exports of infants ' and chi]dren's she es.
to April 1956.
wn
{Revisions for January 1954-March 1955 will be sho later.
§ Revisions for 1955 for exports of sawmill products (M bd. f t.): Total sawmill p roducts— May, 86,4119; June, 74,515; D Duglas fir--total, M ay, 40,048 , sawed timber, MEly, 17,659; Southern
Pine— total, January, 6,400.
SURVEY OF CUKKENT BUSINESS
S-32
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
July
August
September
372, 282
355, 424
475, 763
411,981
790, 381 842, 685 '816,832 r 904, 080 ' 789, 500 ' 905, 604 '906,220 '918,899 '934,168 903, 649
422 557 447, 506 r 447, 365 '481 070 '416 614 '529 847 '479 517 '481 566 '500 966 520 391
169, 872 ' 171, 430 r 160, 077 r 166, 401 ' 144, 677 '130 872 ' 134, 967 141, 592 ' 177, 902 162, 642
15, 508
25 887 r 17, 061
14 492
13 914
13 980
16 410
15 268
13 263
11 576
676, 112
413, 952
168, 776
13, 102
March
April
May
June
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging) :
Shipments (market), quarterly total
M sq ft surface measure
Inventories (for sale), end of quarter
do
Softwood (Douglas fir only), production
M sq. ft., W equivalent. . 414, 569
231, 969
32, 359
217 719
32, 959
422, 532
427, 948
423, 235
413, 501
212, 228
39, 408
236, 405
36, 938
448, 127
443, 094
469, 751
446, 925
431, 560
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports,31totalcf
short tons
Scrap d
do
Imports, totaled _ _ _
do
Scrap.
do
688, 745
344 075
184, 286
27, 120
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
2,304
* 989
1,315
2,225
7,013
*6, 111
p 3, 262
P 2, 849
p 6, 086
p 7 028
12 939
7 194
30, 835
27 468
3,367
2 666
8 045
2 989
3 081
2 651
1,109
' 763
6,850
3,829
3,021
6,623
7,357
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
14, 160
15, 117
6,846
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
13, 572
7,485
39, 506
33, 100
6,405
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
0
0
7 663
44, 359
37 539
6, 820
674
457
373
184
189
12, 554
7 916
24, 010
21 449
2,562
f 2, 876
2,518
' 2, 859
1 397
1 600
98
184
75
2,237
64
r 1, 471
90
1,151
1,253
1,113
1,310
1,062
1,306
1,075
1,260
134
2
2
47, 305
42 386
2
4, 918
r
1,460
'72
1 484
81
1
0
23 370
23 020
20 365
2 655
r
72
5
7
19
17
2
63
63
89
12, 745
73
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale. thous. of short tons
1,160
Shipments, total
do
1,226
For sale
do
688
Casting, malleable iron:
123, 473
Orders, unfilled, for sale
_ . - - - short tons
Shipments, total
_
_
do
82, 448
For sale
_ . ,do..
48, 126
Pig iron:
Production
__ _ thous. of short tons. _
6, 601
Consumption _ _ _ _ _
_
_. _
do
6, 462
Stocks (consumers' and suppliers'), end of month
thous. of short tons
2, 471
Prices, wholesale:
58.45
Composite
.dol. per long ton
Basic (furnace). _
do
58. 50
Foundry, No. 2, Northern. .__
_
_ do
59. 00
677
1,141
1 215
'680
1,163
1 255
1,145
1 218
1,086
1,236
1,041
1 152
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
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
P 5 171
2,421
2, 361
2,289
2,253
2 212
2,167
2,186
2,292
2,315
2,419
P 2, 324 .
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
140, 843
107, 622
23, 594
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
552. 4
148 8
110.1
38.6
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
9 882
10 501
10 247
10 504
10 828
10 119
10 925
10 524
10 490
9 721
1 622
(]Q
Q2
15
714
697
116,636
87, 215
55, 471
121, 261
90, 866
53. 804
116,981
99, 280
58, 069
6, 703
6,612
6,965
6,937
2,483
58. 45
58. 50
59. 00
713
664
1,158
1 250
715
702
737
687
P 1 103
488
92, 078
' 54, 340 v 73 372
31, 300
62 35
P 62. 50
P63 00
62.45
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total
_
_ short tons
126, 406
For sale, total
do
96, 290
Railway specialties. ._
_ ._ .
.do___
20, 576
Steel forgings (for sale) :
Orders, unfilled
thous. of short tons..
547. 0
134 8
Shipments, total
do
Drop and upset .
_ _.
do
99.9
Press and open hammer
._ .. . do
34.9
Steel ingots and steel for castings:
Production
do
9 595
90
Percent of capacity t
Prices, wholesale:
Composite, finished steel
dol. per Ib
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
44.50
v 123 2
' 8 123 10 445
100
100
75
99
0581
0581
0581
0583
0583
0583
0620
0697
78. 50
.0487
78. 50
.0487
78. 50
.0487
78.50
.0487
78.50
.0487
78. 50
.0487
78.50
.0487
P 84. 00
P . 0527
50. 00
54. 50
49. 00
48.50
54. 50
49. 50
44. 50
44.50
p 53.99
1, 840
2 185
2,377
1 940
69
2 146
1 983
2,278
2 251
2,322
2 294
59
2,334
2 469
69
2,502
2 659
65
2, 536
2,379
98
99
0580
0582
0582
0581
0581
78. 50
. 0487
78. 50
. 0487
78. 50
. 0487
78.50
.0487
43. 50
44. 50
45. 50
1,871
2,032
68
1,910
2,075
74
1,741
2,042
78
96
117, 984 P 159 732
96 350
19, 833
99
99
99
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of month
_. thousands .
.Shipments
_
.
... do_
Stocks, end of month.
do __
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use
short tons .
Food
do
Nonfood _
do. _ _
Shipments for sale
do
Closures (for glass containers), production . . millions. .
Crowns, production.. . _ _
thousand gross ._
1,953
2,230
65
65
69
61
57
r
295 970 338, 536 480, 301 335, 538 405, 082 448,559 594, 695
175 092 193 360 321 524 182 338 224 296 ' 266 366 419 789
120* 878 145, 176 158, 777 153, 200 180, 786 ' 182,193 1 74, 906
250 723 288 099 422 924 278 287 345 429 ' 396 181 531 819
1,421
1,591
1,493 ' 1, 390 1,594
1, 533
1,495
23, 862
34, 369
37. 619
20. 566 ' 24, 548 24, 870
29. 328
' Revised.
p Preliminary.
1 Total for January-March.
2 AS of Jan. 1, 1956.
0"Revisions for 1954 are shown in the June 1956 SURVEY; for 1955, see note on p. S-35.
§ Beginning 1956, data (compiled jointly by The Lake Superior Iron Ore Association and American Iron and Steel Institute) reflect increased coverage of approximately 70 U. S. and Canadian
furnaces. Also, some U. S. ore previously reported as held on Lake Erie docks is now included in stocks at furnace yards, and certain small stocks of ore, not fully reported in earlier data, are
now more accurately represented. Comparable figures for earlier periods are not available.
JFor 1956, percent of capacity is calculated on annual capacity as of January 1, 1956, of 128,363,090 tons of steel; for 1955, data are based on capacity as of January 1, 1955 (125,828,310 tons).
565, 102
391,817
173, 285
511, 667
1,544
31, 251
511, 388
355. 685
155, 703
443. 322
1,454
26, 662
501, 431
343, 742
157,689
445, 325
1, 505
26, 434
252, 658
150, 276
102, 382
212, 913
1,413
26, 338
270, 751
156, 539
114, 212
230 631
1.347
24, 192
289, 577
171 309
118, 268
243 842
1,357
29. 405
NOTE FOR STEEL PRODUCTS, p. S-33.—Data for semifinished products comprise ingots, blooms, slabs, billets, etc., skelp, and wire rods (formerly included with wire and wire
products); rails and accessories include wheels and axles. Monthly data for 1950-54 and annual shipments beginning 1933 on the revised basis will be shown later.
SUEVEY OF CUKEENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-33
1955
1956
August Septem- October Novem- December
ber
ber
January
February
March
AF ril
May
June
July
August
Se
P*rem'
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments:!
Total (all grades)
thous. of short tons
Semifinished products _ _ _ _ _
do
Structural shapes (heavy) , steel piling
do
Plates
do
Rails and accessories
_ ___
do
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
_ do
Reinforcing
do
Cold
finished
do
Pipe and tubing
do
Wire and wire products
do
Tin mill products (incl black plate)
do
Sheets and strip (incl. electrical), total
do
Sheets* Hot rolled
do
Cold rolled (incl. enameling)
do
NONFERROUS METALS AND PRODUCTS*
Aluminum:
Production primary -domestic
short tons
Estimated recovery from scrap©
do
Imports (general):
Metal and alloys, crude
do
Plates sheets etc
"
do
Price, primary ingot, 99%-jdol. per lb_ _
Aluminum shipments:
Mill products and pig and ingot (net)
mil. of lb__
Tyiill products total
do
Plate and sheet
do
Castings
do
Copper:
Production:
IVIine recoverable copper
short tons
Refinery primary
do
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
Imports (general):
Refined unref scrap© O
do
Refined
do
Exports:
Refined, scrap, brass and bronze ingots©
do
Refined
do
Consumption refined (by mills, etc )
do
Stocks refined end of month total
do
Fabricators'
do
Price, bars, electrolytic (N. Y.)
dol. per lb__
Copper-base mill and foundry products, shipments
(quarterly) :
Brass mill products total
mil. of Ib
Copper wire mill products©
__ do
Brass and bronze foundry products
do
Lead:
Production:
Mine recoverable lead
short tons
Secondary estimated recoverable©
do
Imports (general) ore© metal©
do
Consumption fabricators' totaled
do
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
short tons
Consumers' total^
8,078
387
478
712
233
1,209
801
228
167
914
375
787
2, 655
798
1,191
393
516
695
206
1,267
853
230
171
417
538
754
203
1,288
826
275
174
1,055
408
485
2,739
794
1,268
1,000
457
625
2,796
816
1,277
133, 551
28, 923
130, 606
30, 681
134, 655
31, 785
133, 689
32, 092
140, 748
140, 394
32, 261
132, 763
31, 468
145, 895
31, 117
144, 726
29, 154
150,800
32,283
30, 389
145, 726
26, 740
151, 624
26, 258
17, 621
1,702
.2427
14, 416
2,038
.2440
12, 183
2,216
.2440
10, 235
2,689
.2440
10, 247
2,900
. 2440
16, 796
2, 765
.2440
12, 697
2,313
.2440
13, 496
2,425
.2458
13, 572
1,898
. 2590
19, 217
2,185
.2590
15, 423
1,501
.2590
25, 924
1, 657
.2590
352. 9
344. 5
241.8
134.5
67.1
343.1
248.8
138.3
72.2
353.2
245.5
356.8
243.6
347.9
390.6
279.1
156.0
73.8
377.6
264.4
143.9
67.9
147.6
65. 8
r 332. 2
' 240. 4
132.5
'58.2
354.4
247.8
138.4
75.3
241.0
134.1
73.1
367.3
260.6
137.1
75.1
355. 5
251. 8
142.0
74.2
90, 271
92, 192
127, 537
94, 218
33, 319
22, 665
91, 053
123, 095
94, 876
28, 219
22, 071
88, 575
135, 675
99, 349
36, 326
21, 063
94, 519
117, 631
93. 252
24, 379
14, 349
89, 182
97, 943
125, 032
97, 040
27, 992
25, 932
95, 610
123, 344
94, 943
28, 401
24, 491
99, 664
133, 135
98, 008
35, 127
24, 318
94, 934
125, 760
90, 051
35, 709
25, 780
' 80, 615
107, 565
81, 814
25, 751
19, 224
92, 167
109, 726
83, 583
26, 143
52, 992
14, 683
49, 324
16, 782
57, 998
17, 373
248.5
141.4
64.9
67, 235
78, 905
55, 824
23, 081
15, 201
129,791
97, 234
32, 557
21, 328
' 55, 089 r 63, 663
' 27, 681 23, 859
f 52, 500
' 21, 120
«• 57, 114
20, 876
22, 294
18,615
126, 772
153, 738
102, 742
20, 405
15, 831
151, 490
151, 238
106, 185
16, 434
148, 835
156, 801
112, 897
. 4405
.4303
. 4296
15, 399
10, 521
90, 493
122, 682
75, 668
.3815
19,340
521
345
234
58, 050
20, 682
32, 195
13, 458
19, 142 '' 18, 554
14, 728 ' 13, 422
154, 852 150, 392
164,192 139, 662
114,634
96, 405
.4348
.4375
121,916
91, 071
30, 845
21, 827
* 48, 674
18, 183
' 44, 170
19, 443
47, 881
16, 687
52, 446
15, 994
i 21, 659
13, 319
143,022
142, 897
104, 972
.4459
l 21, 686
16, 076
151, 070
149, 390
102, 272
.4673
1 18, 040
12, 115
149, 803
161, 225
108, 496
.4616
i 30, 303
23, 922
148, 557
164, 055
114, 888
.4553
40, 735
106, 600
29, 625
38, 434
42, 635
96, 400
122, 352
29, 384
115, 104
53, 412
.1510
124, 811
24, 146
110, 247
52, 872
.1550
116, 204
26, 147
109, 525
53, 209
. 1550
119, 733
29, 515
121, 574
47, 049
. 1556
117, 168
117, 531
39, 930
130, 617
55, 164
.1600
118, 230
50, 371
128, 246
51, 949
.1600
117,236
do
do
-
do
do
dol. per Ib
do
do
__ _
Price, prime Western (St. Louis)
__ do _
dol. per lb_
7i-r»r> r»virla f vino f>nr\tar\t t\f nrc» nryn<jiTmArn shrvrt. tons
129, 133
57, 637
. 1615
52, 188
131, 162
51, 903
.1600
' 27, 959
33, 094
28,961
85,900
.3960
29, 389
123, 621 130, 561
44, 369
48, 843
131, 243 '119,613
49, 956
53, 116
.1600
.1600
126, 960
133, 028
1,211
2207
679
29, 848
40, 429
43, 016
101, 200
29, 263
37, 049
29, 982
98, 600
47,628
123, 695
50, 798
.1600
.1600
.1600
1. 0357
88
16, 182
14, 900
.9917
1,182
4,577
4, 415
2, 455
20
16, 787
16, 760
. 9616
.9896
48, 108
44, 957
47, 438
45, 066
' 43, 507
46, 310
Ml, 300
12, 178
43. 453
14, 081
39, 688
14, 124
38, 093
10, 691
41, 955
12, 631
85, 050
6,640
91, 782
554
82, 638
6, 026
87, 222
1,083
75, 674
5,564
81, 876
413
r 72, 884
5, 437
72, 815
647
79, 075
4, 005
46, 548
629
40, 038
127, 236
. 1350
8 536
47, 907
128, 050
.1350
7. 534
2,705
1,943
1,935
2,012
1, 163
5,298
7,500
4, 770
70
21,114
18, 830
1.0776
2,416
5,224
8. 135
5,330
57
19, 484
18, 300
1.0482
2,746
20
16, 509
16, 115
.9626
1, 966
5,010
7,810
5,010
9
17, 448
17, 267
.9787
1,761
4,679
8,300
5,405
433
18, 421
16, 930
1. 0057
42, 633
42, 154
41, 167
39, 555
39, 615
41,019
42, 671
41, 600
16, 538
* 44, 225
18, 111
45, 944
22, 031
42, 700
20, 627
r 49, 249
17, 967
44, 749
18,651
55, 729
17, 238
78, 836
6, 038
87, 687
973
77, 087
6,361
91, 849
760
82, 460
6,989
97, 940
589
80, 602
7,014
98, 275
151
85, 601
6,977
97, 255
684
84, 988
5, 325
96, 406
1,103
80, 987
5,342
89, 762
671
46, 084
120, 943
.1250
42, 167
120, 262
.1293
43, 868
115, 681
.1300
38, 058
117, 752
.1300
41, 330
122,514
7 17*
ft 937
8 140
40, 979
120, 340
. 1300
8 2D4
39, 833
125, 171
. 1350
9 469
8 Ofi5
16, 031
1 17, 703
9,251
15, 147
129, 631 '81,482 *125, 478
'239,113 "234, 346
181, 233
129, 095 '155,068 *>145, 074
.3963
.4081
.4506
7,415
5,045
97
15, 222
15, 195
.9448
2,092
1,443
5,975
7, 825
5,015
71
17, 161
16, 965
.9609
.1343
8 909
19,088
1,053
4,801
7,615
5,230
20
15, 411
14, 785
.9688
2,036
'834
r 5, 974
17, 845
1. 0053
.2710
139.6
53.0
1,890
2,003
18,384
.2671
2,075
1,986
7,960
5,330
92, 406
2,250
2,180
5,520
7,985
5,310
91
16, 348
15, 685
.9646
r 5, 466
8, 115
5, 250
46
3631
3 152
3 1, 052
3645
3238
3152
3857
3339
3544
3 2, 492
3709
3
1, 100
263
31, 051
37, 047
f 29, 695
96, 600
31,034
3472
P433
27, 754
37, 894
'31,811
98, 000
26,813
31,147
3291
570
688
428
274
669
417
268
26, 526
37, 629
43, 950
107, 800
d y V ^idfatillfirn) l ^
(r S
nrodnrtlon , total
r
7,765
447
525
707
238
1,284
877
217
178
952
395
798
2,910
853
1,327
27, 802
38, 967
'50,217
104, 000
Imports (general) :
Ores and concentrates©©
do
A/Ietal (slab blocks)©
do
Slab zinc:
Production (primary smelter), from domestic and
I
7,784
416
479
641
202
1,165
809
174
171
872
364
553
2,777
800
1,271
25, 975
36, 479
40, 335
108, 100
do
Stocks pig end of month 'total
Industry
Price pig Straits (N Y.), prompt
Zinc:
V
t
'
Stocks, end of month:
Producers', smelter (AZI) .
8,256
417
467
650
223
1,189
818
182
178
879
353
555
2,855
844
1,310
27, 564
40, 980
38, 999
114, 700
Consumption pig total
Primary
^
p
7,468
873
361
676
2,713
768
1,262
7,581
429
485
678
180
1, 215
834
194
176
885
332
390
2,988
887
1,395
7,588
435
470
639
146
1,128
758
194
165
884
339
363
2,843
834
1,318
414
459
619
171
1,092
739
186
158
26, 876
36, 290
40, 794
111,500
long tons
5,540
7,248
7,378
399
411
543
155
1,081
717
197
158
885
355
618
2,606
777
1, 198
125, 644
32, 767
do
116, 683
50, 762
dol. per lb__
.1500
Price, pig, desilverized (N. Y.)'_
Tin:
Production pig total
Imports for consumption:
Ore©
1,289
7,217
400
461
607
160
1,197
814
202
171
877
361
367
2,787
788
1,312
7,054
4,338
7,965
5,380
4,482
69, 226
59, 577
119, 275 '108,557
. 1350
.1350
5. 827
5. 761 i
102, 775 '104,307
104, 148
.1350
. 1350
7,794
7. 685
2
102, 165
.1350
Revised.
* Preliminary.
1 Data for January-June 1956 exclude exports of brass and bronze ingots; such exports averaged 68 tons per month in 1955.
Secondary plants only.
3 For July and August.
§ Beginning with the March 1956 SURVEY, data reflect regrouping of certain products. For changes not self-explanatory, see note at bottom of p. S-32.
*New (or substituted) series in most cases. All series (except as noted) are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to August 1954 for new series will be
shown later. General imports comprise imports for immediate consumption plus material entering the country under bond. Aluminum—prices of aluminum ingot are as quoted by the
American Metal Market: shipments of mill products plus pig and ingot are compiled jointly by the U. S. Department of Commerce, BDSA and Bureau of the Census. Copper—secondary production, exports, consumption, and stocks of copper and shipments of mill and foundry products are compiled by BDSA. Lead—producers' stocks of lead ore and bullion are compiled by
the American Bureau of Metal Statistics; stocks of scrap lead are in gross weight. Tin—total stocks include Government stocks available for industry use. Zinc—primary smelter production of slab zinc is derived by subtracting secondary (redistilled) production at primary and secondary smelters (compiled by Bureau of Mines') from total smelter production (compiled by
American Zinc Institute}.
ARevisions (long tons) fl955—June, 5,638; July, 5,474.
©Basic metal content.
.
©Revisions for earlier months are shown in the July 1956 SURVEY.
c^Data beginning January 1956 include small quantities of scrap used directly in fabricated products, not mciuaea
in earlier figures. 1 Beginning December 1955, data include secondary smelters' stocks of refinery shapes not included in earlier figures; for December, such stocks totaled 6,400 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
October 1956
1956
1955
August
Septem- October Novem- December
ber
ber
Janu-
ary
Febru-
March
ary
April
May
June
July
August
Septem
ber
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and convectors, cast iron:
Shipments
thous. of sq. ft. of radiation
3 615
Stocks, end of month
do
6 378
Oil burners:
Shipments
number
100 826
Stocks, end of month
do
59 572
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
number
238 014
Coal and wood _
- _ _ _ _ _ _ _ _ - _ _ do ._.
6 460
Gas (incl. bungalow and combination)© - do
219, 083
Kerosene, gasoline, and fuel oil
do
12 471
238
7
218,
12
214
752
280
182
227
6
208,
12
506
834
633
039
198
7
183,
8
852
053
531
268
167 452
6,476
152, 914
8 062
Stoves, domestic heating, shipments, total
Coal and wood
Gas
- -- .- - - -- -Kerosene, gasoline, and fuel oil
do
do
__do
- do
3,326
5 845
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
107 972
50 174
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
311
45
185
80
164
107
481
576
353
56
214
83
820
196
388
236
399
65
251
81
454
947
629
878
303
47
212
43
546
447
565
534
137
18
90
28
615
373
908
334
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
number__ 163
Gas
- -- do _
99
Oil
do
57
Solid fuel
do
6
Water heaters, gas, shipments
do."_
260
741
558
792
391
438
164
101
54
8
224
154
828
105
221
027
150
94
47
8
218
331
368
660
303
521
120,
77
37
6
184
948
427
202
319
761
79
52
23
3
175
728
734
623
371
173
167
5
153,
8
435
084
516
835
192 953
5,039
178, 441
9,473
194
4
181,
8
454
958
480
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
90
6
57
26
755
896
044
815
106,
10
58
37
293
245
849
199
131
10
76
43
234
636
970
628
125,
14
71
39
166
18
99
48
206,
24
132,
49
280,
32
183,
64
617
832
315
470
348, 645
54 526
215, 861
78, 258
87 497
56? 782
27 859
2 856
224 004
78
51
25
2
246
906
025
417
464
098
84
56
26
2
254
882
527
280
075
786
84, 992
57 390
25, 311
2 291
230, 056
111,614
71, 962
34, 770
4 882
226, 532
159, 704
99, 712
52, 873
7, 119
237, 962
580
310
694
576
167
511
159
497
637
269
474
894
104, 167
70 204
30, 434
3 529
236, 758
93, 590
63 751
26 585
3 254
231 388
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
Rider-type _
- do
Industrial trucks and tractors (gasoline-powered) , shipments* -number Machine tools (metal-cutting types):© A
New orders (net) total
mil of dol
Domestic
do
Shipments, total
__.
_ _ - - - d o ..
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
Tracklaying
do
75, 099
20, 117
64, 785
16 954
47, 139
19 485
58, 170
18 228
134 0
156 7
108 6
154 4
183 9
195 6
169 0
152 7
135.2
207.0
156.7
110.3
1 348
4, 101
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
6,182
2,035
1,178
2,555
1,432
1,089
2,726
3,263
2,988
506
346
670
441
650
449
636
441
638
520
570
409
603
491
671
503
624
503
719
520
702
533
682
512
554
374
2,163
2,463
2,569
2,684
2,333
1,777
1,765
2,170
2,232
2,254
2,141
62 05
54 35
48.65
44 00
5.6
58 35
53 40
57.80
51 10
5.6
99 15
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
2,725
2,137
61. 90
55. 25
65. 15
''60.70
7.8
p 87. 45
p 78. 05
P 75. 10
p 68. 95
P7.7
r
r
r
7 022
5 664
7 048
5 249
7 624
8 094
7,735
' 8 987
8 865
9 903
52 359
29, 308
23 051
59 140
29, 736
29 404
81, 728
42, 589
39 139
67 355
33, 288
34 067
77 611
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
57, 283
20, 840
36, 443
63, 321
24, 556
38, 765
2,777
3,039
3,039
2,627
2,556
2,005
1,305
1,313
1,332
1,715
1,760
»• 2, 121
2,506
160
166
162
146
156
140
145
153
160
153
148
167
306 5
349 7
414.9
362.3
1,242.1 1, 396. 6
307 3
361.3
1, 487. 9
243 5
357. 5
1.694. 7
302 2
393.7
1, 078. 6
286 4
405.6
1, 093. 5
395 7
405.7
1, 360. 1
352 9
324.2
993.0
326.0
315.2
1, 060. 2
248.3
340.2
1, 073. 8
259.8
380.2
566.7
276.9
373.9
990.8 pi] ,327.0
759. 7
631.7
i 604. 6
588.3
576.3
i 553. 0
336.9
612.9 p i 880. 1
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands
Household electrical appliances:
Refrigeration output (seas adj )*
1947-49—100
Vacuum cleaners (standard type), sales billed
thousands
Washers, domestic sales billed
do
Radio sets, production §
do _
Television sets (incl. combination), production §
thousands- _
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49=100
Vulcanized fiber products:
Consumption of fiber paper
thous. of lb.
Shipments of vulcanized productscf thous. of dol
Steel conduit (rigid), shipments
_ thous. of ft
Motors and generators, quarterly:
New orders index
1947—49—100
Polyphase induction motors, 1-200 hp:^
New orders
thous of dol
Billings
do _
Direct current motors and generators, 1-200 hp:5
New orders
thous. of dolBillings
_
do__ _
252 7
403.8
930.1
647.9
1
i 939. 5
1
1
1
680. 0
549.6
467.9
1
146 8
155.7
156.4
155.2
160.2
159.0
163.0
168.0
163.0
158.0
156.0
117.0
4,505
1,817
31,611
3,818
1,639
29, 682
4,607
1,914
32, 216
4,409
1,776
29, 522
4,651
1,847
31,052
4,678
2,248
27, 432
4,567
2,136
32, 877
4,981
2,234
34, 743
4,792
2,338
37, 840
4,900
2,050
43, 495
4,804
1,903
54, 144
3,540
1,450
42, 513
207.7
201 6
224.0
253.0
49 969
40, 578
47 303
41, 659
53 266
46, 766
61, 186
51, 572
9,950
7,220
12, 986
9,838
11, 509
8,883
12, 528
11, 321
4,829
1,930
30, 344
2
16, 198
2
4, 886
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production^
thous. of short tons..
1,916
2,258
2,400
2,522
2,712
2,334
2,029
2,442
1,869
2,699
2,468
2,233
1,925
Stocks in producers' storage yards, end of month
282
thous. of short tons_.
1,048
966
425
942
720
555
433
431
371
331
405
302
418
244
Exports
do
331
374
231
334
359
231
390
331
Prices:
Retail, composite
dol. per short ton..
24.48
24.63
25.18
25.51
25.96
26.37
26.88
26.88
26.88
25.74
25.89 r 25.99
26.21
12. 460
12. 257
12. 524
13.261
12. 460
12. 460 '12.880 p 12.880
Wholesale, chestnut, f. 0. b. car at mine
do
12.257
12.524
13.324
13.640
14.124
14.124
14.124
12.460
12.460
12.460
12. 880
r
2
Revised.
P Preliminary.
1 Represents 5 weeks' production.
Data for month shown.
O Beginning January 1956, data are estimated industry totals compiled by Gas Appliance Manufacturers' Association from reports of manufacturers whose shipments represent 80 to 95
percent of those for the industry.
©Comparable data back to 1945 are available upon request.
ADiffers 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 Governors
of the Federal Reserve System, reflects changes in total output of refrigerators, freezers, room air conditioners, and dehumidmers; 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, and September 1956 cover 5 weeks; other months, 4 weeks.
JRevisions for 1954 and January-April 1955 are available upon request.
cf'Data for January-April 1956 include shipments of hollow ware (averaging $189,000 per month in 1955); in other months, such shipments are excluded.
f Data for polyphase induction motors cover about 33 or 34 companies; for direct current motors and generators, about 26 or 27 companies.
SURVEY OF CUEEENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-35
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
1 August
September
PETROLEUM, COAL, AND PRODUCTS—Continued
COAI^-Continued
Bituminous:
Production
thous. of short tons. _
Industrial consumption and retail deliveries, total J
thous. of short tons. .
Industrial consumption, totalt
do
Electric-power utilities _
do
Coke ovens
do
Beehive coke ovens
do
Steel and rolling mills .
do
Cement mills
_
do
Other industrials
do
41, 825
43, 627
45, 749
45, 505
42, 575
43, 150
40, 040
44, 010
39, 440 «• 30, 375
44, 610
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 r 24, 600
29, 862 r 22, 649
11, 750
12, 065
8,485 r 3, 130
85
354
142
376
764
748
6,004
6,906
32, 355
29, 553
12, 907
7 783
189
333
766
6,652
1,253
56
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
868
55
do
Retail-dealer deliveries
40, 807
34, 231
30, 831
12,290
8 886
276
357
710
7, 003
do
do. _ .
Railroads (class I)
Bunker fuel (foreign trade)
43,052
3 400
4,311
4,820
6,194
7,897
7 881
6 990
5 997
4 186
2 976
2,005
1,951
2,802
70, 988
69, 701
39, 288
13, 674
567
1,236
13 762
1,174
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 r 71, 489
72, 695 r 70, 411
41, 236 41, 186
14, 005 ' 13, 101
553
556
1,267
1,185
13, 343
14, 733
961
980
74, 296
73, 136
43, Oil
13, 369
538
1.346
13, 943
929
1,287
1,257
1,231
1,114
998
945
867
653
701
831
983
1,078
1,160
' 5 720 r 5 444
5 534
4 656
4 340
4 189
3 825
r 3 935
r 5 366
5 898
6,570
6,567
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons
Industrial, total
___ .
do
E lectric-power ut ili ties
do _
Coke ovens_
do
Steel and rolling mills
do
Cement mills
do
Other industrials
do
Railroads (class I)
do
Retail dealers . ._
_
do
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
COKE
Production:
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..
0
15.31
40, 320
15.45
14 93
15 25
15 40
15 43
15 46
15 55
15 56
15 57
15 57
15 25
15.26
4 430
6 738
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 p 5. 069
r
6. 795 p 6. 999
r
164
' 6 241
467
163
6 234
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
r
49
f 2, 253
552
118
5,496
2,056
1,250
806
402
39
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
2,437
526
13.65
13.63
13.63
13.63
13.88
14.13
14.13
14.13
14.13
14.13
14.13
14.13
14.35
2,834
206, 604
93
234 966
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
248 721
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
256, 427
65, 920
171 285
19, 222
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, 683
70 152
175 704
19, 827
277, 121
72 209
184 807
20, 105
277, 497
70, 706
186 113
20, 678
274, 491
67, 805
185, 882
20, 804
277, 008
70, 297
185, 831
20, 880
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
14.50
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
number
Production^
thous of bbl
Refinery operations
percent of capacitv
Consumption (runs to stills)
thous of bbl
Stocks, end of month:
Gasoline-bearing in U. S., total
do
At refineries
do
At tank farms and in pipelines
do
On leases
. - ..
do
Exports
Imports
Price (Oklahoma-Kansas) at wells
do
do
dol per bbl
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
thous of bbl
Residual fuel oil
do
Domestic demand: c?
Distillate fuel oil
do
Residual fuel oil
do
Consumption by type of consumer:
Electric-power plants
do
Railways (class I)
do
Vessels (bunker oil)
do
Stocks, end of month:
Distillate fuel oil
do
Residual fuel oil
do
Exports:
Distillate fuel oil
do
Residual fuel oil
do
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol per gal
Residual (Okla No 6 fuel)
dol per bbl
Kerosene:
Production
thous. of bbl
Domestic demandef
do
Stocks end of month
do
Exports
- do _
Price, wholesale, bulk lots (New York Harbor)
dol. ner sal
0
ar
1, 191
'870
26, 309 f 25, 165
2.82
2 82
r
871
25, 502
2.82
r
872
26, 786
2.82
r
50 187
33 794
48 557
31 815
49 934
34 821
50 347
36 412
54 666
39, 879
59 617
41 674
55 622
37 291
56, 045
37, 618
51 387
33 892
51, 665
35 609
52, 640
32, 951
54, 775
33, 037
33, 781
41 287
37, 290
37 866
38, 848
42, 583
59, 700
51, 219
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
5,373
8,471
7,332
5,182
8 330
6,755
6,038
8,456
7,061
7,106
8,688
6,455
8,554
9,007
6,777
8,221
8,798
6,292
7,095
8 231
5,611
6,224
8,424
6,642
5,758
8,118
6,408
4,468
8,126
6,940
4,615
7,857
7,034
4,323
7,842
6,957
133, 675
45 480
143 248
46 267
152, 288
47 040
141, 808
44 071
111, 333
39 174
86, 141
38 247
71 335
35 673
60, 846
32 984
63, 571
32 740
75, 928
36, 607
93, 758
39, 073
115, 787
43, 958
2, 194
2, 692
2,195
2 200
2,283
1,884
1,427
1,456
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
101
1.75
.103
1.75
098
1.75
098
1 75
103
1.80
106
1 95
106
2 00
.106
2 00
106
2.00
.106
2.00
106
2.00
.106
2.00
8,797
6 116
35, 292
295
8,270
7 036
36, 361
144
9,391
9 087
36, 705
93
10, 055
13 473
33, 283
93
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
5,170
21, 883
325
8,704
4,364
26, 111
209
9,170
6,213
28, 990
180
.108
.108
.103
.103
.108
.111
.111
.111
.111
.111
.111
.111
P2.82
a
ar
5,177
7,319
p. 106
P2.00
p. Ill
a
' Revised.
t Preliminary.
Revisions for 1955 (units as shown): Exports—bituminous coal, April, 4,569; May, 4,746; July, 4,662; crude petroleum, March, 833; distillate fuel oil, April,
1,421; June, 2,182; residual fuel oil, July, 2,160; imports—crude petroleum, March 24,740.
^Revised (effective with the October 1955 SURVEY) to include bunker fuel.
9 Includes nonmarketable catalyst coke.
(^Revisions for 1954 are available and will be published later.
REVISIONS FOR p. S-32.—1955 (units as shown): Iron and steel exports—total, Feb., 665,436; Apr., 769,679; May, 865,671; June, 868,720; scrap, Feb., 364,105; Apr., 380,144; May, 498,422;
June, 534,690; iron and steel imports—total, Jan., 104,236; Feb., 112,932; May, 138,216; iron ore imports, Jan., 1,086; Feb. 933; July, 2,514; manganese imports, Mar., 86; Apr., 76; May, 85.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1956
1955
Septem- October Novem- December
ber
ber
August
January
February
March
April
May
July
June
August
September
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Lubricants:
Production...
thous. ofbbl
Domestic demand 9
do
Stocks, refinery, end of month
do
Exports .
do
Price, wholesale, bright stock (midcontinent, f. o. b.
Tulsa) _
dol. per gal
Motor fuel:
Gasoline (including aviation) :
Production, total 9
thous of bbl
Gasoline and naphtha from crude oil
do
Natural-gas liquids: ^
Used at refineries (incl. benzol)
do
Used in other gasoline blends, etc 9
do
Domestic demand 9
Stocks, end of month:
Pin ished gasoline
At refineries
Unfinished gasoline
Natural gasoline and allied products
4 871
3, 986
8 547
1,220
4 526
3, 572
8 291
1,143
4 666
3 720
8 108
1,060
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
.180
.190
.190
.200
.200
.200
.210
.220
.220
.220
.220
.220
119 601
106 311
113 527
100, 259
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
10, 643
2,647
10, 614
2,654
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
98, 088
113, 128
113, 034
124, 114
127, 413
120, 987
187,
110
11
12
981
001
717
642
182, 564
103 410
10 735
14, 356
174,
95
12
16
494
479
179
717
164, 826
88 640
12 250
19, 586
164, 590
86, 118
11 946
21, 595
1, 194
2 247
1,995
1 968
1,812
2 401
v . 220
do ... 121, 816
113, 379
112, 558
109, 212
111, 034
100, 642
. do __ 141, 352
72, 578
do
do
10 560
18, 048
do
140, 236
71, 035
9 958
17, 658
143,
73
10
18
080
327
023
144
148, 050
74 852
9 821
16 450
156, 047
85 585
9 386
13 564
172,
101
11
11
2,416
2,171
2,510
1 904
2 262
2 129
.110
.125
.218
.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
118
.125
i .218
118
125
i .220
9,416
7,227
9,621
6,210
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
9 367
7, 123
11. 581
7,347
r
9 536
T
7, 511
11, 959
7 268
9 535
7,290
12, 086
7,239
5 029
4,899
3,542
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
4 961
5,117
4,178
6 183
5.682
4,664
5 615
5,907
4,372
5 668
5,950
4 090
9,462
6,918
9,047
5,789
8,082
5,669
6,017
6 504
4,560
7,768
4,433
9,051
4,733
10 608
5,948
12 067
6,636
13, 187
8,072
12 954
9,434
11 423
10, 025
9 635
408
573
416
561
445
535
482
536
455
551
444
538
444
566
479
517
388
502
485
550
448
566
399
566
6,888
6,064
5,801
4,644
2,986
3,188
4,624
6 157
3,951
5 499
5 757
5 800
6 171
1,282
1,441
4,166
122
96, 829
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
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
1, 120
1,420
3 631
117
84,292
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:©
Production..
do __
Stocks, refinery, end of month
do
Wa>-:Q
Production
do
Stocks, refinery, end of month
do
Asphalt products, shipments:
Asphalt roofing, total
thous. of squares
Roll roofing and cap sheet:
Smooth surfaced
do
Mineral surfaced .
_do ..
Shingles, all types
do
Asphalt sidings..
_
-do_ _,
Saturated felts
short tons _
865
160
040
605
184,
109
11
11
T
554
772
538
392
P 118
p .125
i .216
!.217
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
_ thous. of cords (128 cu. ft.)__
3,075
Consumption
do
2,878
Stocks, end of month__ _
__
_ _ do
4,566
Waste paper:
781, 481
Receipts
__short tons
802, 637
Consumption
do
Stocks, end of month
do
415, 277
WOOD PULP
Production id1
Total, all grades
thous. of short tons _ 1, 810. 7
Dissolving and special alpha.
_ do
99.4
Sulfate
— _ _do _ .
976.8
Sulfite
do
210.9
Groundwood
__ do
230.7
Defibrated or exploded
_ do
115.9
Soda, semichem., screenings, damaged, etc_.do
176.9
8 tock s , end of m onth : <?
759.4
Total, all mills
___do___
Pulp mills
do _
164.8
Paper and board mills ___
_ _
do _
506.5
88.1
Nonpaper mills
do __
Exports, all grades, total 9
Dissolving and special alpha
All other
_ _
-
Imports, all grades, total 9 -- — - Dissolving and special alpha
All other
_ _
_ do __
_ _ do___
do_ _
-do
do _
_ do
53.5
14.5
39.0
r
212. 8
' 18.0
194. 9
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
3 119
2 811
4 867
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
651 375
618 736
514 195
1, 710. 9
61.6
943.6
204.8
222.1
110.8
168.0
1, 873. 9
88.2
1, 005. 7
232.7
244.0
116.6
186.7
1, 801. 2
83.6
983.4
213.3
236.6
108.5
175.9
1, 716. 2
85.3
924.1
200. 1
235.4
100.1
171.3
1, 890. 9 1, 813. 6
88.4
82.8
1, 019. 7
989.2
241.5
222. 7
246.1
240 8
106. 1
97.3
194.8
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
87.8
1 069 2
229 1
268 0
106.3
194.0
1 863 9
79 5
1 026 8
219 1
256 4
102 1
180.2
1 723 0
58 3
950 2
218 0
244 7
r 94 7
r
157. 2
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
618.3
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
200
518
100
847
200
547
100
57.6
19.7
37.9
r
41.8
r
15.0
r
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
188.0
15.9
' 172. 1
194.1
16.9
177.2
210.6
20.5
190. 0
185.6
18.5
167.0
201.2
14.1
187.1
191.1
14.8
176.3
168.7
19.4
149.4
2
4
2
6
46 3
20 2
26 1
_
-— -
4
2
2
0
39 4
18 2
21 2
210 3
171.9
211.9
201 6
18.9
17.9
17 9
13 8
152.9
194.0
196.5
183.7
T
Revised.
P Preliminary.
1 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 "*" on p. S-35 of the September 1955 SURVEY and earlier
issues.
O Asphalt—5.5 bbl.=l short ton; wax—1 bbl.=280 Ib.
cfEflective 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.
r
SUEVEY OF CUEEENT BUSINESS
October 1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-37
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
September
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and board mills, production:!
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
2,761
1,198
1, 274
13
277
2, 655
1,165
1,210
13
267
2,372
1,068
1,045
10
250
i 982. 1 i 890. 5 i 910. 1
i 929. 5 i 952. 8 i 957. 7
1, 066. 9 1, 035. 2 1, 057. 5
i 914. 0 i 878. 4 i 908. 8
i 397. 5 i 401. 7 i 401. 6
i 849. 1
i 898. 2
1, 024. 8
i 886. 1
i 398. 4
i 829. 0
i 929. 0
949.0
i 799. 0
i 391. 0
144.8
143.7
141.3
142.2
100.2
129.9
143.1
136.4
141.4
98.8
121.0
151.0
119.0
117.0
89.0
372.7
545.5
368.0
368.2
159.8
359.4
526.7
354.2
354.7
159.2
343.0
541.0
328.0
326.0
161.0
2,605
1,078
1,218
14
296
2,518
1,065
1,164
13
275
2,681
1,154
1,236
13
278
2,- 599
1,105
1,222
13
260
2,461
1,078
1,129
12
243
949.4
860.8
950.5
941.6
446.9
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
113.5
96.2
116.7
118.6
94.7
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
337.1
451.5
329.7
330.7
155.2
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
362.9
492.4
348.8
344.3
159.5
407.0
519.7
366.8
365.8
160.5
371.9
548. 5
348.5
348.9
160.0
2,598
1,132
1,198
12
256
2,655
1,161
1,233
12
250
1
906. 1 i 885. 9
i 881. 7 i 891. 8
1, 030. 6 1,011.0
1
858. 1 i 857. 9
i 391. 0 1 401. 8
2,761
1,206
1,252
13
290
2,643
1,163
1,200
12
268
14.45
14.45
14.45
14.45
14.85
15.05
15.05
15.05
15.05
15.05
15.27
r 15. 38
313.9
188.9
311.0
308.2
93.4
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
342.2
229.2
334.9
331.8
97.8
365.7
222.1
345.6
346.7
89.5
324.5
215.8
334.1
334.3
91.2
338.0
213.3
343.6
342.4
89.2
307.7
180.7
333.7
330.5
90.3
310.0
187.0
304.0
303.0
91.0
539.5
534.6
123.6
503.2
501.6
125.2
538.8
547.2
116.9
541.7
544.4
114.2
520. 0
554.1
80.1
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
536.4
544. 5
132.9
532.5
543.1
122.2
570.4
559.3
133.3
384.7
136.7
138.9
424.8
126.7
125.9
478.9
141.8
141.4
461.8
142.0
144.1
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
464.1
149.0
149.6
422.4
141.9
144.4
388.8
138.5
137.3
402. 5
154.3
153.5
8.4
404.0
81.0
9.1
379.7
86.2
9.5
342. 3
80.7
7.5
325.7
82.5
8
-3
361. 0*
97.4
7.3
360.0
112.0
5.8
366.1
107.2
7.4
366.3
103.9
9.4
342.3
93.8
8.9
348.7
98.5
6.4
376.1
112.2
7.7
449.8
102.5
8.5
518.5
114.0
454.8
Importscf
do
Price, rolls, contract, delivered to principal ports
dol. per short ton _ 125. 75
Paperboard (National Paperboard Association) :
1, 305. 7
Orders, new
thous. of short tons
665. 8
Orders, unfilled, end of month
do___
Production, total
do
1, 264. 3
99
Percent of activity
- -__ __
__
Paper products:
Shipping containers, corrugated and solid fiber,
shipments§
_ mil. s'q. ft. surface area
8,593
Folding paper boxes, index of value:
206.6
New orders
... ___1947-49=100__
188.5
Shipments _
do
409.3
453.1
464.7
480.3
125. 75
125. 75
1, 167. 4
585.7
1, 192. 4
97
r
459. 4
483.2
459.3
430.2
442.4
431.5
489.8
126. 75
127. 00
129. 00
130. 25
H30.10
2130.10
2130.10
1, 299. 8 1, 255. 1 1, 203. 7 1, 195. 4
577.2
654. 6
591.3
539.5
1, 260. 2 1, 261. 4 1, 223. 7 1, 165. 4
90
102
100
100
1,155.3
584.2
1, 209. 1
100
1, 303. 0
547.0
1, 291. 1
100
1, 210. 7 1, 282. 4
557.9
535.0
1, 184. 8 1, 289. 5
98
97
p 15.38
2130.10 2 130. 10 P 2 130. 10
1, 120. 9
418.2
1, 233. 5
98
1, 076. 5
464.5
992.3
77
1, 176. 4
418.0
1, 232. 8
95
1. 077. 6
410.2
1, 073. 1
89
8,680
8,837
8,252
7,797
7,588
7,758
8,686
7,979
8,287
8,315
7,196
8,950
8,124
188.1
191.0
189.7
194.3
191.6
189. 2
185.2
180.7
195.7
164.9
189.4
189.0
232.0
186.1
206.8
166.4
197.8
185.5
202.8
180.0
190.2
171.4
202.8
192.0
191.5
181.3
951
783
168
1,467
1,256
211
1,086
926
160
1,216
969
247
717
570
147
851
615
236
1,334
1,066
268
1,125
912
213
982
798
184
956
773
183
1,053
814
239
749
569
180
988
733
255
50, 040
109 974
52, 749
47, 446
109 822
51, 394
48 342
107 324
39, 789
43 638 r 38 353
101 748 r!03 301
36, 694
41, 195
46 091
97 967
PRINTING
Book publication, totalNew books
New editions _
number of editions
do
_ _
do _
723
588
135
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption- _ _ _ _ _ _
._ _
long tons
48, 359
Stocks, end of month
do
109 056
Imports, including latex and guayule.. _ _ _ _ do.__
59, 840
Price, wholesale, smoked sheets (New York)
.455
dol. per lb__
Synthetic rubber:
Production
long tons
83 628
Consumption
_._ ___ do _
72, 722
Stocks, end of month _ __
do
137, 050
Exports
do
10 497
50, 963
113, 185
' 51, 159
54, 995
52, 769
48, 377
110, 795 r103, 774 109, 530
46, 676 50, 684 f 48, 409
r
.493
.433
.453
.470
83, 257
76, 375
136, 035
11, 847
89, 060
80, 389
134, 753
11 241
91 281
81,664
133, 664
10 890
90 319
76, 026
136, 319
T
11 450
53, 751
111, 943
59, 393
T
50, 285
111 832
53, 862
r
.373
.345
.323
.304
93 522
90 488
78, 480
75, 240
141, 732 145 906
10 723 r 12 958
94 389
77, 888
150 995
13 670
91 602
74, 682
155 410
13 261
93 740
76, 396
162 682
14 226
.408
.308
.335
85 296 r 88 031
67, 816
58, 196
171 196 r!88 813
12 197
12 841
.365
.325
86 468
71 465
191 002
Reclaimed rubber:
Production _ _
__
do
26, 377
25, 183
27, 947
29, 113
28, 102
28 468
25 485 22 103 r 19 776
26 205
21 694
26 848
27 108
Consumption
do
25, 790
26, 340
26, 597
27, 229
24, 515
25 571
26, 176
23, 999
23, 560
25, 827
20, 560 r 18 099
21 120
Stocks, end of month
do
27, 956
27, 110
34, 360 34, 863 35, 647 r 35, 703 35. 115
27, 565
28, 473 31,058
31, 640
31, 875 33, 326
' Revised.
» Preliminary.
i Beginning January 1956, data exclude estimates for "tissue paper."
2 Not entirely comparable with data through February 1956; March 1956 price
comparable with earlier prices is $130.25.
f 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 19S5, 449.8.
§Revisions for January 1953-March 1955 will be shown later.
SUEVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
October 1956
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
June
May
July
August
September
RUBBER AND RUBBER PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings -d"
Production
8,717
9,125
9,555
9,603
8, '478
8,979
8,897
9,193
8,834
8,986
7, 930
6,741
8,050
Shipments, total
Original equipment
_ _
Replacement equipment
Export-._
do
do
do
do
9 462
3,362
5 980
8,117
3,495
4 460
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
161
8,045
4,303
3,592
150
7,515
4,045
3 298
119
8,453
3,142
5 170
140
141
8,880
2,770
5, 980
130
9,289
2,533
6,627
129
9,298
2,833
6,319
145
8,644
2,302
6,178
163
Stocks, p,nd of mnnth
Exports
do
do
13 908
14 674
16 163
17 727
18 778
21, 562
21, 296
16, 794
165
141
17 394
140
106
19 947
147
20 933
21 132
166
19 517
154
137
do
do
2 923
3,733
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
do
do
5,917
5,966
78
6,286
67
6,734
78
6,833
83
6,294
1
31
6,547
i 42
6,848
1
39
7,312
1
47
7,657
1
38
7,349
141
6,418
5,962
thousands
Inner tubes :<?
Production
Shipments
Stocks, end of month
Exports
111
137
48
146
142
84
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, end of month:
Finished
Clinker _
.
thous. ofbbl
27, 861
26, 958
27, 924
24, 894
23, 075
21, 440
19, 578
23, 386
26, 134
thous of bbl
31 883
29 887
28 950
21 985
17 203
13 500
16 093
22 471
27 324
32 087
12 731
5 373
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
brick
do
plant
thous
677 449
680 758
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
29. 308
29 451
29 736
29 831
30 018
30 092
30 281
30 398
short tons
do
_ _ -
173 326
193 115
182 797
187 947
171 814
171 749
174 343
157 170
163 161
117 863
155 334
120 988
157 162
155 027
73 376
80 651
69 241
74 339
72 165
73 672
69 631
64 489
69 078
59 681
69 419
54 220
63 373
51 331
13 340
11, 441
12 384
10, 735
10, 354
11 097
14 525
11, 289
11, 300
9,920
11, 576
9,578
do
do
_ _
109
109
110
101
91
80
28, 771
29, 498
32 296
31 598
22 685
12, 537
20 585
10, 947
671 629
661, 456
646 423
632 217
648 127
618 630
685 128
641 400
30 470
30. 565
30 946
30. 946
p30 946
173 193
159 463
117 225
127 755
126 753
137 290
164 378
183 461
168 228
178 007
190 528
187 421
68 058
54 655
65 901
58 666
64, 762
61 273
60, 162
59 471
65, 113
56 753
69,260
63 405
11 128
11, 865
11, 985
12, 393
12, 606
12,203
13 290
9,952
11, 956
10, 590
11, 887
11, 971
11, 150
15, 759
78
87
100
29,606
110
110
r
T
109
CLAY PRODUCTS
Brick, unglazed:
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
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
Liquor and wine
Medicinal and toilet
Chemical, household and industrial.
Dairy products
Stocks, e n d o f month. _ _ _ _ _
1,862
1,755
1,355
936
1,062
853
993
1,025
1,019
1,155
1,254
1,246
2,236
4,777
3,032
3,291
2,973
3,431
2,717
2,663
2,843
2,798
3,496
3,340
3,236
5,138
931
480
739
411
597
471
589
708
730
838
660
1 656
808
984
936
1,492
2 902
1,012
1,222
2,608
203
963
188
1,183
1,162
2,787
240
933
240
1,347
2,932
1,010
329
846
237
1,085
2 640
1 274
1,279
1,139
2,535
1 001
1,170
1,208
2 722
1,024
612
584
964
948
202
924
2,393
982
198
13, 040
13, 719
14, 123
12, 700
14, 516
15, 549
15, 673
15, 917
16, 518
do
do
do
do
__dodo
do_
_ __
1,145
1,149
3, 133
1,199
13, 263
329
1,352
2 516
1,168
3 304
2 690
960
198
13 995
886
187
14 882
940
986
182
%
683
1,262
1,342
3 483
* 1,312
303
13, 685
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:
Base-coat- _ .
.
All other (incl. Keene's cement)
Lath
Wallboard
All other O
do
do
do _
mil. of sq. ft
do_
do
r
804
1, 336
2,871
' 1, 212
2,780
2,591
1,248
«• 2, 846
2,402
2,238
2,208
2,367
761, 983
750, 171
700, 029
819, 437
72, 174
80 692
84 574
88 369
511, 104
357, 985
416, 164
317, 381
354, 421
271, 691
428 129
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
' Revised.
v 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. Noncellulosic fibers cover types other than textile glass; they include acrylic, nylon (polyamide),
polyester, saran, protein, and others.
Data for imports, exports, and for production of broad woven fabrics (industry totals) are compiled by 17. 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 monofilament, acrylic, and polyester fibers, and of paper, etc. Silk fabric production comprises broad woven fabrics of 100-percent silk and of silk mixtures.
Production for 1955 (1st and 2d qtrs., respectively; units as indicated): Fiber—total, 418.9; 423.5; rayon, etc.—yarn, 209.4; 220.5; staple, etc., 98.8; 93.1; noncellulosic, 94.0; 91.1; fabrics—total,
648,089; 623,733; rayon, etc., 478,891; 470,308 (revised); nylon, etc., 99.435; 94,970; silk fabric, 9,044; 9,323. Trade (January-July 1955; units as indicated): Imports—yarns, etc., 217; 95; 277; 199328; 392; 381; staple, etc., 11,689; 11,260; 17,455; 18,404; 18,470; 17,509; 16,980; exports—yarns, etc., 1,087; 1,384; 1,123; 1,519; 1,446; 1,351; 1,175; staple, etc., 759; 542; 695; 471; 716; 796; 753; fabrics,
15,674; 17,460; 21,308; 19,692; 18,187; 17,170; 13,976. Data prior to 1955 will be shown later.
SUKVEY OF CUEEENT BUSINESS
October 1956
S-39
1955
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
August
Se
^m" October
1956
Novem- December
ber
"I?"'
F
irr
March
1
A
P"'
^
June
July
August
9e
g£m-
12 996
Ma
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments -_
thous. of dozen pairs- Men's apparel, cuttings :J
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__
13, 894
14, 050
14, 585
i 1, 900
1,856
564
5 088
14, 287
12, 228
12, 713
13 291
12, 713
10 828
11 094
11 895
10 024
1 1, 945
1335
5 160
1,876
272
5 280
1,860
288
5 664
12,285
*410
i 5 940
1,796
452
5 328
1,804
5 328
1 1, 925
i 570
l 5 760
3 792
4 992
i 2, 285
1,812
1,836
1 1, 775
1,280
1,852
328
408
308
408
i 290
l 405
208
280
292
388
1 264
26 001
599
1,004
1 323
25 229
2 054
21 236
2 398
16' 828
1 107
1,033
2 948
20 807
1 150
1,318
410
1,513
1
452
360
1,684
400
4 944
1,716
340
5 424
1
1,708
5 640
1, 910
1,856
1,864
1 1, 890
1,924
2,060
424
384
372
376
1335
l 390
328
408
380
416
2 564
19 997
994
1,084
2 684
20 607
1 449
1,092
1 985
18 589
1 640
789
2 384
22 230
1 916
1,063
2 521
24 189
1 663
1,115
9,558
13, 049
2 13, 714
!605
*455
400
1
2 442
21, 188
930
1,055
2 697
22 950
1 424
1,236
1
1
345
i 450
2 527
26 203
1 165
1,167
540
556
864
983
1,016
984
308
1,860
540
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§
thous. of running bales. _
1,387
4,804
Crop estimate, equivalent 500-lb. bales
thous. of bales
J
Consumption^
bales
717 115 874 837
Stocks in the United States, end of month,
T
23, 702
totalt-- - thous. of bales . r 24, 674
Domestic cotton, total
do
23, 655
24 613
On farms and in transit
__ _ _ -_ - _ d o _ _ _
10, 696
13, 699
Public storage and compresses
do
11, 782
f 9 741
Consuming establishments _• _ _ _
do _
1,177
*• 1, 174
Foreign cotton, total
- do
47
61
Exportsi
bales
60 438 r116, 409
ImportsJ -_
-- _- do
7 379 23, 952
Prices (farm) , American upland
cents per Ib - _
32.7
33.8
Prices, wholesale, middling, 1", average 14 marketsA
cents per Ib
34 3
35 0
Cotton lintersrf
Consumption
-_
- thous. of bales
1147
143
i 154
Production
do
67
Stocks, end of month
_
do
1,353
1,377
3
4
14, 373
14, 542
4
737 056
741 447 1355 447
21, 929
22, 786
21, 872
22 726
6,880
3,768
14, 515
16, 581
1,331
1,523
59
56
191 536 ri37 759
10, 516
19 234
32.8
32.4
20 938
20 878
1,646
17 561
1,671
60
158 741
18 295
31.2
746 996
r
r
14 721
760 590 '916 396
s 5, 535
6 13 268
721 577
713 940 1812 330
20, 131 r 19 293 r 18, 102 r 17 029 r 15 981
20 070 r 19 232 r 18 046 r IQ 983 r 15r 940
T
652
r 762
1, 129 r 1 009
'910
17 263
15 439
13 895
14 664
16 498
1,678
1,697
l'393
1 725
l' 557
41
61
56
61
46
77 805
99 392 r294 657 361 939 343 750
12 896
5 907
8 618
6 071
18 131
30.7
32.0
31.6
32.5
31.0
549 520
r
14,975 f 14 540
14 936 r 14r> 501
791
609
13 203
12 835
1,124
875
38
39
237 722 134 625
4 452
1 987
32.3
32.4
686 275
26
26
13
12
256
222
146
303
773
34
31.1
32.5
34 2
34 8
34 8
35 2
36 2
36 5
36 4
36 4
36 4
35 3
33 0
33 1
157
216
1 397
155
235
1 418
i 142
i 206
1 431
156
207
1,434
153
187
1 500
1 152
1 149
1 459
153
111
157
76
134
36
999
155
53
855
49, 894
15, 750
42, 469
16 478
2,637
38, 430
15 871
43,328
24, 367
45 106
21 371
1 371
1 260
1 138
i 44
1 095
2, 734
51 124
17 739
45 535
18 734
42, 507
18 944
r
2,610
40 429
15 508
29 189
13 605
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production, quarterly
__ mil. of linear yd _
Exports
-- ._ -thous. of sq. yd Imports}
-do
Prices, wholesale:
Mill margins
cents per lb__
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 lb_36/2 combed knitting
do
Spindle activity (cotton system spindles) :J
Active spindles, last working day, total
_ thous _
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total. ..mil. of hr__
Average per working day
do
Consuming 100 percent cotton _
_
- -do _ _ _
Operations as percent of capacity cf
r
37, 378
9, 924
f
r
2,405
42, 051
12, 832
r
r
27.21
35.4
16 3
16.9
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
P36. 4
P 15 8
f 17.0
.676
968
.693
.978
.696
984
.701
984
.708
.988
.708
996
.713
1 000
.713
998
.708
.698
.693
.686
958
f 684
p 958
20, 738
20, 799
19 136
19, 243
10, 064 i 12, 287
503
455
9,293 1 111, 363
141 4
138 0
20, 883
19 302
10, 290
515
9,512
144.9
20, 988
20, 902
19 352 1 19 440
11,848
10, 150
474
508
10,
9,393 i 1 992
133 3
143 0
20, 990
19, 399
10, 315
516
9,577
146 6
20 827
19 290
9,991
20, 796
19 276
9,793
20 492
18 954
11,' 459
20 552
19 022
7,713
20 465
18' 912
9^544
9 324
142 2
9,128
139 6
10 664
1 130 6
7 128
110 1
8 849
137 4
7
7
1,763
1,018
178
11, 740
2 074
858
126
9,736
447.3
219.7
106.8
99.9
1,911
996
235
9,190
7 56 6
7
29 2
1 428
593
261
16, 767
426.1
215.5
96.9
94.3
1,451
702
185
13, 060
69.4
44.9
24.5
73.4
47.6
25.8
77.5
48.6
28.9
78.6
49.5
29.1
.830
.336
.830
.336
.830
.336
12, 929
611, 631
454, 082
99. 731
16, 837
20 888
20 983
19 350
19 428
10, 347 i 12, 562
503
517
9 633 1 11, 740
147 2 * 142 8
992
965
976
490
500
1
1
458
386
29,68
477
MANMADE FIBERS AND MANUFACTURES
Fiber production, quarterly total* 9
mil. of Ib _
Rayon and acetate' Filament yarn
do
Staple plus tow.
__do __.
^Voncellulosic (nylon, acrylic protein etc.)
do
Exports* Yarns and monofilaments*
thous of Ib
Staple 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 lb._
Filament yarn
_
do
Staple (incl. tow)
do .
Prices, rayon yarn, viscose:
Filament, 150 denier
dol. per Ib
Staple 1 5 denier©
do
Manmade broad woven fabrics:
Production quarterly total* 9 thous of linear yd
Rayon and acetate (excl. tire fabric)
_
do
Nylon and chiefly nylon mixtures.
do _
Exports piece goods*
_
thous. of sq. yd
SILK
16, 909'
1, 566
8 1, 244
95
9,057
8
1 817
8
1, 472
101
11, 042
439.2
216 2
110.3
90.2
8
1,615
8
1, 048
96
8,478
86.4
52.2
34.2
83.2
49.0
34.2
82.3
46.1
36.2
.830
.326
.830
.326
.830
.326
.863
.326
14, 934
652, 923
479, 015
98, 384
13, 804
8
14, 243
84
7,467
8,196
397.6
183 3
97.8
94.0
8
1 727
8
1, 392
329
6,926
89.6
49.5
40.1
102.5
55.0
47.5
110.6
61.0
49.6
118.9
64.0
54.9
123.3
67.5
55.8
120.8
67.0
53.8
.863
.316
.863
.316
.863
.316
.863
.316
.863
.316
p. 863
P 316
17, 834
555, 480
407, 349
70, 417
17, 696
12, 633
624, 119
'•457,996
84, 398
19, 535
16, 543
8
1 546
8
967
16, 335
8
8
1, 569
1, 197
660
56 5
30 1
7
7
53.1
28. 6
1 436
1,483
90
6,636
115. 9
63.5
52.4
1,129
874
1,046
1,059
1,259
1,098
997
1,211
489
1,058
1,747
1,094
Imports raw
thous. of Ib
4.36
4.42
M. 44
4.63
4.85
4.75
4.49
4.41
4.36
4.45
4.65
4.58
4.43
Price raw AA 20-22" denier
—
dol. per Ib _
8,415
9,451
9,235
8, 696
Production, fabric, atrly. total*
thous. of linear yd._
f
l
2
4
5
Revised.
v Preliminary.
Data cover a 5-week period.
Ginnings to December 13.
s Ginnings to January 16.
Total ginnings of 1955 crop.
Ginnings to October 1.
6
7
8
October 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 handwork 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.
tData for September and December 1955 and March and June 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.
iScattered revisions for 1954-July 1955 will be shown later.
AEffective August 1,1956, middling I" became the base quality for spot cotton quotations, replacing middling 15/i6ff. Comparable prices for I", back to August 1951, are available upon
request; January-July 1955 prices (cents): 35.1; 35.2; 34.6; 34.6; 35.1; 35.3; 35.1.
cf The 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 and for data beginning 1955.
9 Includes data not shown separately.
G 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
October 1956
1955
August
1956
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
i 29, 423
i 14, 452
28, 966
14, 310
25, 018
12, 110
23,083
11, 244
24, 674
11, 424
23,713
14,219
i 28, 303
1 1 1, 800
18, 369
8,060
21, 558
7.150
18, 812
8,050
September
24. 427
12, 145
July
August
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis) :1
Apparel class
thous oflb
Carpet class
do
Wool imports, clean content
do
Apparel class (dutiable), clean content
do
Wool prices, wholesale, raw, clean basis, Boston:
Territory, 64s, 70s, 80s
dol. per Ib
Bright fleece, 56s-58s
do
Australian, 64s, 70s, good topmaking, in bond--do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
dol. per Ib
Woolen and worsted woven goods, except woven felts:
Production, quarterlv, 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
Nonapparpl fabrics total
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, men's and bovs'.
1947-49=100
Gabardine, women's and children's..- _ - do ._
23 187
10, 516
24 012
9,855
i 25, 942
1 13, 251
19 404
7, 729
13, 112
25, 590
13, 402
29, 852
12, 767
1.385
1.069
1.395
1.325
1.020
1.275
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
1.844
1.844
1.819
1.819
1.819
1.844
1.869
1.856
1.856
1.856
1.856
1.869
v 1.880
112.9
97.3
112.9
97.3
T
23 007
11,905
20, 978
*• 8, 342
r
22 695 i 25 988
11,572 i 13, 875
1 7 941 17 602
r
8,754
9, 586
75, 893
72 817
71, 383
32, 256
39, 127
3 076
112.9
97.3
24, 956
12,851
' 29, 974
r
82, 738
79, 261
78, 465
39, 345
39, 120
3,477
76, 662
72 829
71, 682
33, 595
38, 087
3 833
112.9
97.3
112.9
97.3
112.9
97.3
112.9
97.3
112.9
97.3
112.1
97.3
112.1
97.3
1.381
1.069
1. 425
89, 071
86, 194
85, 799
43, 719
42, 080
2,877
112.1
97.3
113.2
97.3
113.2
97.3
TRANSPORTATION EQUIPMENT
AIRCRAFT
number
thous of Ib
number
249
792 1
132
352
702. 4
132
353
663 0
188
348
454 3
116
485
652 6
110
537
985.6
126
614
1, 265. 4
117
692
656
1, 200. 4 1, 219. 6
r 162
' 109
714
1, 354. 7
157
••507
648
I; 445. 8 1,155.9
129
150
680
1, 580. 9
number
do
do
do
do
do
do
.Civil aircraft (complete), shipments
Airframe weight
Exportscf1 ._
716, 163
434
410
620, 610
602 959
95, 119
80 077
559, 962
223
198
467, 845
459 073
91, 894
76 851
601, 256
469
385
505, 177
491 893
95,610
81 390
860, 800
359
340
745, 993
720 667
114, 448
98 345
799, 092
410
406
695, 096
667, 974
103, 586
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
503
471
445, 758
433, 859
91, 791
73, 463
522, 123
307
220
440, 980
429, 813
80, 836
63 149
503, 276 p2251,900
p 2 200
429
397
417, 020 p2191,200
410, 164
85, 827 * 2 60,400
68, 809
r
23, 3«9
8, 855
14 534
r 32, 209
r
18, 634
T
13 575
r 3S 608
r 22, 685
*• 15 923
•• 33, 065
*• 19, 090
r
13 975
r 40. 851
r 23, 631
17 220
r 50, 3^2
30, 170
r
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
MOTOR VEHICLES
Factorv sales, total
Coaches, total
_
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic
_
r
Exports, total©
_
Passenger cars.
__ _
Trucks and buses©
do
do
do
30, 381
15,207
15, 174
23 198
9,769
13 429
"Truck trailers, production, total
Complete trailers
Vans
_.
Trailer chassis
do
do
do
do
7,283
7 078
4,499
205
7,189
6 972
4,316
217
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 1^5
353
7, 196
6 759
3 975
437
6,979
6 538
3,725
441
Registrations:
New passenger cars
New commercial cars -_ _ _
do
do
658 964
92, 079
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
5,029
3, 187
1,935
1,842
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
952
937
45
42
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
1,704
94
5.5
50, 087
27, 201
22, 886
1,702
86
5. 1
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
39
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
1,105
16.5
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
704
816
876
906
854
835
897
859
938
885
796
849
739
45
23
40
62
29
53
41
85
88
42
52
73
T
T
r
r
r
5, 222
4, 960
2,818
262
6.018
5, 668
3,273
350
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 owned©
thousands..
Undergoing or awaiting classified repairs . do
Percent of total owned
Orders, unfilled©
number
Equipment manufacturers _ _ _
do
Railroad shops
__ __
do .
Locomotives (class I), end of month: ©
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.
* Preliminary.
Data cover a 5-week period.
Preliminary estimate of production.
1 Data for September and December 1955 and March and June 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.
©Data 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. Revisions
.(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.
©Data beginning December 1955 reflect reclassification of reporting roads to revised ICC list of class I line-haul railroads; comparability with earlier data, based on ownership, is affected by less than 1 percent.
NOTE: Beginning with this issue of the 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 : 1956
•INDEX TO MONTHLY BUSINESS STATI ST]
Pages 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, wage 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
Foreclosures, real estate.
___.
Foreign trade indexes, shipping weight, valu
by regions, countries, economic classes, anc
commodity groups
Foundry equipment
Freight carloadings
Freight cars (equipment)
Freight-car surplus and shortage
Fruits and vegetables
5,i
Fuel oil
Fuels
i
Furnaces.
Furniture
2,3,6,9,10,12,1
Furs
Gas, prices, customers, sales, revenues.
Gasoline
Glass products
Generators and motors
Glycerin
Gold.
Government corporations and credit agencies
Grains and products..
5,6, 22, 2,
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
Hardware stores
Heating apparatus
,_.
Hides and skins
Highways and roads
Hogs
Home Loan banks, loans outstanding
Home mortgages
Hosiery
__
Hotels
11,13,1
Hours of work per week
Housefurnishings
6
Household appliances and radios
3
Imports (see also individual commodities)
Income, personal
Income and employment tax receipts
Industrial production indexes
Installment credit
Installment sales, department stores
Instruments and related products..2,3,12,1
Insulating materials
Insurance, life
Interest and money rates
International transactions of the U. S
Inventories, manufacturers' and trade
3,
Iron and steel, crude and manufactures
6,8,12,14,15,19,2
Kerosene
..
Labor disputes, turnover..
Labor force
Lamb and mutton
Lard
_
Lead
Leather and products
3,6,12,13,14,1
Linseed oil
Livestock
2,5,
Loans, real estate, agricultural, bank, brokers
(see also Consumer credit)
8,1
Locomotives
Lubricants
Lumber and products
3,4,6,8,9,10,12,14^15,1
Machine activity, cotton.
Machine tools
Machinery
2,3,4,5,6,12,14,15,1
Magazine advertising
Mail-order houses, sales
Manmade fibers and manufactures.
Manufacturers' sales, inventories, orders
Manufacturing production indexes
Manufacturing production workers, employ
ment, payrolls, hours, wages
11,12,1
Margarine
Meats and meat packing
2,5,6,12,13,1
Medical and personal care
Metals
_ 2,3,4,5,6,11,12,13,14,15,1
Methanol
Milk
Minerals and mining
2,3,11,13,14,1
Monetary statistics
Money supply
Mortgage loans
Motor carriers
Motor fuel
Motor vehicles
6,
Motors, electrical
National income and product
National parks, visitors
National security
Newspaper advertising
Newsprint
New York Stock Exchange, selected data..
Nonferrous metals
2,6,12,14,15,1
Noninstallment credit
Oats
Oil burners
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance
11, ]
Paint and paint materials
Panama Canal traffic
Paper and products and pulp
3,4,6,12,13,14,15,1
Passports issued
Payrolls, indexes
Personal consumption expenditures
Personal income
Personal saving and disposable income
Pages SI- S40-
•kedS
8
21,22
34
23
40
23
22,28
35
34,35
34
15,17
22
6,2
9,3i
3J
34
24
18
1
28, 29
9,H
6,38
6,3
22,3i
8,1
25
3!
15,24
12,1
,9,1
9,34
21,2:
1
2,;
16,1
H
14,1
3
l!
1
21,2
10,1
32,3
3
1
1
2
2
3
30,3
2
23,2
17,1
4
3
31,3
3
3
22,3
1
6,3
3,4,
2,
14,1
2
15,2
32,3
2
2
19,2
1
1
16,1
2
3
19,4
3
2
1,1
8,
22,3
19,2
22,3
25,2
14,1
6,2
36,3
Pages i
Jfeljroleum
1 produ<
3,6,12~13~14~15~19722,3
iron..
ipment
PL it and equipment expenditures.
I 'If sties arid resin materials.
Plywood...
I*o mlatioi
Po k
Po tal sav.n;
Po iltry ar.d r w _________
.
2,
Ifri pes (sec also indivi ual commodities):
ons
sumer price ind :
eceive and paid y farmers,
etail pric£ indexes
"holesiale price ind xes.
2,3,12,13,14,15
Priiti a id publishing.
.ting
I,!1
IWfits,"corporation.
.. . ,
Public utilities
6,! ,11,13,14,15,18,19,20,5
Pu man iCompany,
u p and pulp wood
Punps_. " T
ufchasin pjower of the dollar.
Ra liators and convec
I 'a lio and television. .__
3,6,1
,11,12,13,14,15,19,20,2Ra Iroads.
I Lai ways i locjal) and 1 us lines.
11,13,14,1,
I Lay on am acetate...
ILeilestat
iLereipts, Fn}ted Stat js Government _
Recreation
Rel rigerat on applianc es, output
I te its (housing)
Re ail trade, all retai stores, chain stores (11
id lover on! f), general merchandise,
epartnc ent stores. ... 3,5,9,10,11,13,14,1!
golfing and siding, a: phalt
synthetic, and reclaimed),
6,22,3
III >ber products ind istry, production index,
sales, inventories, prices, employment, pay—
i >lls, hours, earnings
2,3,4,6,12,13,1
Sa ing, personal
a ings deposits
Se< unties ssued.
Services
1,9,11,13,14
rer pipe ctay..
S h ep and lam
ambs__
h p and boat building
—
12,13,1Sh «ss and other foot1
:i£ear._ 6,9,10,12,13,14,1!
Sh »rteninj
Sil :, imports^ prices, reduction.
Sil er ____
soybean oil
?o beans
p ndle acfci ivjity,
Steel i:
i and stee manufactures (see also
2,3
ron am steel).
Steel scrap
St( cks, department si ores
cks,
pri es, sales, yields, listings~ ~ anc earth min< ils
e, cla: and glass products
*
3,4,12,14,15,1!
St^ves.
Suijar..
S,u fur__
u furic iadd!
Superphosphate
'e|ephone, telegraph, cable, and radio-tele11,13,14,15,*
raph ct irriers. ....
'e evision acid radio,
— 3,6,
'ectiles..
4,6,12,13,14,15,18,22,30
6,9,10,12,13,14,1
es and inner tubes
tures
>acco a nd j manufa< tures.
3,4,5,6,8,12,13,14,15,2!
>ls, machine
TV tctors
j
Tr ide, retail land whofesal
5,9,10,11,13,14,15,1
Trli insit lir: es^ local _ _
* *r tnsport ation and triansportati equipment.
tion
3,4,5,6, ,11,12,13,14,15,19t23,2<
Tr tvel
**r ick trailers
icks.
2,3
Unemployment and >mpensation
1
Ui ted States Government bonds.. 16,17,18,1!
ment
1 Jri ted States Govern|ment finance
Ut lities.
6, 7,11,13,14,15,19,20,2<
a :uum <
iety a >rejs .
st
7e jetable oilb_.
e jetablen and fruits
'easels chared in foreign trade.
:erans' benefits.
iges and salaries .
shers
j
2!
5,6,2:
1,1-
W iter Hesters
\V
1
V icat anil
' V lolesale price indexes.
^ V lolesale tr^ide
Kxlpulp.
Wjiol and wcfol manufactures,
3,5,11,13,1|
2,5,6,2|j)
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