Full text of Survey of Current Business : October 1960
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OCTOBER 1960
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
OCTOBER 1960
VOL. 40, NO. 10
U.S. Department of Commerce
Frederick H, Mueller,
Secretary
Office of Business Economics
M. Joseph Median,
Director
Contents
Louis J. Paradise
Managing Director
BUSINESS REVIEW
PAGE
Summary
Business activity maintained in September with income steadyemployment trends mixed.
1
Shifting Inventory Movement
3
Loughlin F. McHugh
Business Review Editor
Billy Jo Dawkins
Graphics
STAFF CONTRIBUTORS
TO THIS ISSUE
Manufacturers' changes volatile with durable goods reduced—
nondurables steady.
Prospective Government Programs—The Year Ahead. . «
4
Farm Production and Income
Crop production higher—shift in livestock.
7
National Income and Corporate Profits
«
National Income reaches new high in second quarter.
9
Business Review and Features:
Genevieve Wimsatt
Joseph Rosenthal
L. Jay Atkinson
Jacquelin Baunian
Articles:
Loughlin F. McHugh
Samuel Pizer
Frederick Cutler
Julius N. Freidlin
Bentil Renborg
Christopher M. Douty
James Lopes
Edmund L. Auchter
ARTICLES
Business Financing in I960
13
Fixed capital demands remain high—working capital needs shift—
supply conditions eased.
Sources and Uses of Corporate Funds
15
Capital Outlays Abroad by U.S. Companies
Rising Plant Expansion Abroad
18
Sources of Financing of Foreign Investment
21
MONTHLY BUSINESS STATISTICS
General
S1-S24
Industry
Subject Index
...
K. Celeste Stoke
Statistics Edito?
S24-S40
Inside Back Cover
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Office.
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., 321 Post Office Bldg.
CHapel 7-0311.
Atlanta 3, Ga., 604 Volunteer Bldg., 66 Luckie St., N.W.
JAckson 2-4121.
Boston 9, Mass., U.S. Post Office and Courthouse Bldg.
CApitol 3-2312 or 2313.
Buffalo 3, N.Y., 504 Federal Bldg,, 117 Ellicott St.
MAdison 4216.
Charleston 4, S.C., Area 2, Sergeant Jasper Bldg., West
End Broad St. RAymond 2-7771.
Cheyenne, Wyo., 207 Majestic Bldg., 16th St. and
Capitol Ave. Phone: 8-8931.
Chicago 6, III., Room 1302, 226 W. Jackson Blvd.
ANdover 3-3600.
Cincinnati 2, Ohio, 915 Fifth Third Bank Bldg., 36 E.
Fourth St. DUnbar 1-2200.
Cleveland 1, Ohio, Federal Reserve Bank Bldg., E. 6th
St. and Superior Ave. CHerry 1-7900.
Dallas 1, Tex., Room 3-104 Merchandise Mart. Riverside 8-5611.
Denver 2, Colo., 142 New Custom House. KEystone
4-4151.
Detroit 26, Mich., 438 Federal Bldg. WOodward 3-9330.
Greensboro, N.C., 407 U.S. Post Office Bldg.
B Road way 3-8234.
Houston 2, Tex., 610 Scanlan Bldg., 405 Main Street.
CApitol 2-7201.
Jacksonville 1, Fla., 425 Federal Bldg. ELgin 4-7111.
Kansas City 6, Mo., Room 2011, 911 Walnut St. BAltimore 1-7000.
Los Angeles 15, Calif., Room 450, 1031 S. Broadway.
Richmond 9-4711,
Memphis 3, Tenn., 212 Falls Bldg. JAckson 6-3426.
Miami 32, Pis., 14 NE. First Avenue. FRanklin 7-2581.
Minneapolis 1, Minn., 319 Metropolitan Bldg. FEderal
2-3211.
New Orleans 12, La., 333 St. Charles Ave. EXpress 241.1.
New York 1, N.Y., Empire State Bldg. LOngacre 3-3377.
Philadelphia 7, Pa., Jefferson Bldg., 1015 Chestnut St.
WAlnut 3-2400.
Phoenix, Ariz., 137 N. Second Ave. ALpine 8-5851.
Pittsburgh 22, Pa., 107 Sixth St. GRant 1-5370.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
CApital 6-3361.
Eeno, Nev., 1479 Wells Ave. Phone 2-7133.
Richmond 19, Va., Room 309 Parcel Post Bldg. Milton
4-9471.
S*. Louis I, Mo., 910 New Federal Bldg. MAin 1-8100.
Salt Lake City 19 Utah, 222 SW. Temple St. EMpire
4-2552.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
A Dams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg., 909 First Ave.
Mutual 2-3300.
By the
Office of Business Economics
JjUSINESS activity in September was
maintained at mid-summer levels, with
mixed tendencies within the high overall aggregate continuing to prevail
among particular lines and industries.
The flow of personal income was at a
seasonally adjusted annual rate of over
$408 billion in September, little changed
from July and August.
For the third quarter of I960, there
was a further advance over the $404
billion figure of the second quarter.
The current rate was 6 percent ahead
of a year ago when a major industrial
dispute dampened activity, but relatively was about the same as recorded in the elapsed 9 months over the
corresponding period of 1959. Wages
and salaries have accounted for twothirds of this gain. Prices continued to
show little change on the average, and
the advance in real consumer purchasing power over a year ago, as
measured by disposable personal income, has been 4 percent.
The easing in manufacturing operations was extended in September, as
activity continued to be influenced by a
reduction in inventory demand, which
has an important bearing on the course
of factory output.
Elsewhere in the economy activity
has been sustained, with continuing
progress in some segments. Consumer
demand for services is continuing upward, and government purchasing of
goods and services is higher. Spending
for consumer goods has been reduced,
and housing investment remains well
below a year ago with only limited indications of recent improvement.
Slightly higher defense spending has
reinforced the effects of the summer
advance in Federal pay scales. The
reopening of schools with its attendant
enlarged demands for teachers, as in
other recent years, has provided an up
ward impetus at the State and local rate of $286 billion. This represented a
levels; highway and other construction gain of $2 billion from the second quaroutlays also moved ahead recently after ter rate, and was $16 billion, or 6 pershowing some lagging tendencies earlier. cent above receipts in the summer of
The prospects for a moderate up- 1959 which was a large gain notwithward movement of government pur- standing the fact that the year-ago
chases of goods and services during the figure was affected by the steel strike.
current fiscal year, together with the
Property income, as it affects the
Federal Budget anticipations of rev- personal income total, has also been
enues, are reviewed in a later section of relatively steady in recent months.
this review.
As reported in more detail later, farm
owners' returns have improved someIncome steady
what from earlier in the year and are
7
The stead} ^ flow of personal income
now-—on the basis of latest marketing
through the summer period mirrors,
for the most part, sustained high em- and price estimates—expected to match
earnings for last year. Other property
ployment combined with a mixed patincome components of the personal
tern among the other major influences
income flow have shown only slight
which affect payrolls, namely, pay rates
variation recently.
and hours worked.
Not enough information is available
Labor income, which accounts for 70
concerning corporate profits for the
percent of the total flow of personal
income, was little changed in August quarter just completed, but as indicated
and September from the July annual in the analysis elsewhere in this issue,
these earnings were off in the second
PERSONAL INCOME
quarter from the high opening period
Maintained at High Rate
results. Corporate sales were off a bit
in the most recent quarter and margins
Billion Dollars
continued under pressure from pre450
vailing cost-price tendencies.
400
Employment trends mixed
Total
350
300
Wages and Salaries
250
200
150
1957
1958
1959
U. S. Department of Commerce, Office of Business Economics
1960
60-10-1
Total employment in nonfarm establishments in September, at 53}£
million on a seasonally adjusted basis,
was close to the July-August average
and nearly a million above that of a
year ago.
The rehiring of auto workers in
September for the new model production run increased the number of job
holders in the transportation equipment
industry, reversing the month earlier
experience. Elsewhere in manufacturing, changes in recent months were
generally small but tending for the
most part to be slightly down for both
durable and nondurable goods firms.
October 1960
SUKVEY OF CURRENT BUSINESS
Among the durables, aside from the they were adversely affected by the
rise for auto firms, ordnance and elec- interruption in work schedules.
trical machinery producers reported Business sales lower
employment steady, after seasonal alBusiness sales of manufacturers and
lowance; among the non durables a distributors moved moderately lower
similarly even pattern prevailed for this summer from the highs achieved
petroleum, rubber, and tobacco manu- earlier in the year. The seasonally
facturers.
adjusted July-August rate of shipments
The average factory hours worked in by manufacturers was 2 percent below
September, at a seasonally adjusted the second quarter rate, and somewhat
rate of 39.3 hours, were down a half hour above the like period of 1959.
from the early summer average. Again
Preliminary indications now suggest
this experience affected both durable that third quarter retail sales averaged
and nondurable goods production schedules. Actual average hourly earnings MOVEMENT OF STOCK PRICES, PROFITS,
were up in September, and were 3%
AND DIVIDENDS
percent above a year ago.
(ratio scale)
Government employment again ad- 100
vanced in September, with the number
80 Stock Prices (500)
of Federal civilian workers held even
1941-43 - IO
while the expansion in numbers on
60 — (Standard Q Poor's Index)
State and local payrolls substantially
exceeded the normal accession rate for
40
this time of year.
Corporate Profits After Taxes
Production developments
(Bil. $)
/•••V.,,\AA
A mixed pattern of factory produc20
tion continues to be a characteristic of
the changing markets and relative production. Auto output has rebounded
sharply now that the model changeover
10
is completed. The carryover of 1960
new cars is relatively large, but these
8
were lowered in September with the
pickup in dealers' sales. Inventories
1952
1954
1956
1958
I960
reflect the widening variety of models * Seasonally adjusted at annual rates
and buyer options offered in 1960 and
now being extended in 1961. Sales of U. S. Department of Commerce, Office of Business Economics 60-10-2
new domestic cars in September, largely somewhat over $18 billion per month
of the 1960 models, moved up sub- compared with the peak second quarter
stantially from the July-August pace rate of over $18% billion. Roughly
and were once more above 6 million at three-fifths of this reduction was aca seasonally adjusted annual rate, with counted for by auto dealers who redomestic makes cutting into imported ported both volume and price lowered
car sales all during the year.
in the summer period. Retail purchasThe pattern of incoming orders ing of other durables was also off modreceived by the steel industry suggests erately. Among nondurable goods
that the using up of excess stocks has groups, summer sales of apparel and
dampened mill operations in recent drug stores and gasoline stations held
months. Ingot production recently has about even with those of the spring
averaged around 6.5 million tons a period after allowing for seasonal influmonth, considerably below the spring ences, while consumers reduced somerate.
what their purchasing elsewhere.
The lagging tendency in steel demand
and output has been an important Export balance improved
During the recent period the excess
influence holding down the normal
seasonal advance in freight movement. of exports over imports continued to
Railroad carloadings recently have been rise, thus making for a further advance
running ahead of year ago rates when in this component of the gross national
product. This came through a rise in
exports, and a decline in imports where
autos and steel in particular are dropping off.
Financial markets ease
The large and expanding volume of
total investment in early 1960 was
financed from the Nation's saving, and
the process of channeling this saving to
business and personal users involved, as
usual, substantial recourse to finance
institutions and the capital markets.
Interest rates have been lowered this
year, and bond prices are higher, concomitant with the movement of stock
prices which have moved on an irregularly downward path this year, after
marking up an all time high in 1959.
By the end of September the price decline since the end of 1959, as measured
by the SEC composite index, amounted
to one-tenth, which placed this average
one-fourth above the C3rclical low
reached at the end of 1957.
Private borrowing large
The decline in interest rates in 1960
occurred with a near-record demand for
funds by private users, and reflected the
easing off of earlier restraints by the
Federal Reserve authorities. As indicated in the special review in this issue,
corporate borrowers in the aggregate
have received a fairly steady volume of
funds from the securities markets so far
this year, and stepped up their use of
bank loan funds in the first half of this
year. More recently with the abatement of the rise in inventories, net repayment has been made on some of this
short-term borrowing.
With need for mortgage financing reduced as home purchases have fallen,
the rise in mortgage debt of individuals
in 1960 has been moderated substantially from the record pace of such financing last year. In more recent
months the rate of consumer credit expansion, which was high in the first half
of the year, has been reduced, largely
reflecting the somewhat lower purchases of durable goods by consumers.
Federal finances
With private saving and investment
continuing high in the first half of I960,
the basis for economic expansion without pressure on prices and interest rates
was set by two influences connected
SUEVEY OF CURRENT BUSINESS
October 1960
with Federal activities. The Federal
Government's fiscal position is reviewed
in terms of its relation to the national
accounts elsewhere in detail, and it may
be noted here that the improvement in
the Federal 1960 cash position has been
particularly helpful in easing financial
markets.
With respect to Federal Reserve
action, a policy of making available
adequate credit has been the guiding
rule. The result has been a considerable improvement in the reserve position of commercial banks and the
privately held money supply, which
had shown some tendency to contract
during the first part of this year, has
more recently been moving upward.
Shifting Inventory Movement
A CURRENT feature of the business
situation is the slackened requirements
for inventories which played an important part in the sharp expansion of
total demand early in the year. Conservative inventory buying policies have
become widespread throughout the
major industrial areas and in most lines
of trade in recent months.
The major reduction in purchasing to
enlarge inventories has occurred in the
metal-fabricating industries, where the
rapidly easing steel supply situation
was superimposed on a moderate reduction in operations. Current inventory
movements reflect the slowing of the
expansion in final demand, and the
generally adequate capacity with a
resultant shortening in delivery schedules.
Manufacturers' changes volatile
Business inventories in the first 8
months of 1960 rose almost $4 billion,
seasonally adjusted, approximating that
in the full year 1959; they had declined
$5 billion in 1958. Manufacturing
inventories, and more particularly those
of durable goods producers, have
accounted for a more than proportional
share of these movements in book
values.
While aggregate inventories are currently larger than at their peak in 1957,
the increase has been somewhat less
than the advance in sales since 1957.
During the months of this year stocksales ratios for manufacturers, retailers
and wholesalers have tended to rise,
although the rates of increase have not
been uniform.
Purchased materials off recently
As can be seen in the chart, manufacturers7 working stocks have accounted
for the bulk of the shifts in book values
over the past two years. To a large
extent this is attributable to the purchased materials component which
underwent first a substantial liquidation
and subsequent accumulation in response in part to the strike-affected
steel supply situation.
Purchased material stocks reached
their recent high in early spring and
have subsequently been reduced by
about $400 million—with almost the
entire decline in durable goods. Basic
factors tending to lower raw material
needs, such as an easier supply situation
and relatively stable prices, have been
coming to the fore. Goods-in-process
have been rather steady, after seasonal
allowances, and are currently close to
their book value of last March and have
moved about in line with the value of
output.
Finished goods stocks have shown a
diverse picture. These stocks have
risen steadily on a month-to-month
basis in 1960—and account for about
three-fifths of the $2% billion rise in
factory stocks since the beginning of
this year. As would be expected the
increase is largely in durable goods,
although the rise in nondurables is
appreciable.
Durable goods reduced
Within the hard-goods producing industries, 1960 inventory trends have
been quite similar: substantial accumulations in the first quarter, further
accumulation with lessened intensity in
the spring quarter, and small liquidation or leveling in stocks in the JulyAugust period. Movements were more
mixed among the nondurables; in
aggregate, stocks rose steadily with
little change in rate through the second
quarter and have shown only small
fluctuations this summer.
Machinery producers had accounted
for about one-third of the $2 billion rise
in total durable goods manufacturers'
book values in the first half of 1960.
These companies have benefited from
the particularly strong business demand
for new machinery and equipment; unlike other major industries, their unfilled
orders backlogs are currently above a
year ago.
The increase in stocks during the
first half of 1960 was about equally
divided among the electrical, industrial
and nonindustrial components of the
industry. With the leveling in sales
this summer producers of nonelectrical
machine^ have effected a slight reduction in stocks, while accumulation
ceased in electrical machinery. At the
end of August stocks in the machinery
industry were generally slightly higher
than in 1957—the previous high in
demand for fixed investment—while
sales (including consumer and defense
goods) were considerably higher.
Reflecting the very high rate of production of transportation equipment in
the opening months of 1960, producers
added about one-half billion dollars to
stocks in the first quarter of the year.
Inventory investment was adjusted
rather rapidly to the subsequent reduction in production rates and, while
motor vehicle producers have been
holding stocks at the first quarter volume, other transportation equipment
companies have been cutting book
values since last spring. Stock-sales
ratios in both groups were above a year
ago, although well below the 1957
experience.
The production experience in steel
has of course been particularly volatile
in the past two years, and has resulted
in sharp short-term fluctuations in
steel companies' stocks. In the first 6
months of this year, inventories, seasonally adjusted, rose steadily from their
low position at the end of 1959, while
the sales trend was sharply downward;
SURVEY OF CURRENT BUSINESS
the stock-sales ratio at mid-year was at
a record high for nonstrike periods.
With output bottoming out in the
summer months, steel producers were
able to reduce stocks.
Nondurable goods stable
In nondurable goods manufacturing,
there was a general pattern of mild
inventory accumulation during the
first half followed by a summer period
of inventory maintenance. Stock
movements this summer among the
CHANGES IN MANUFACTURERS'
INVENTORIES
Recent Fluctuations Most Pronounced in
Purchased Materials and Goods-in-Process
Billion Dollars
FINISHED GOODS
t .5 -
1959
'
I960
Monthly Change, Seasonally Adjusted
U. S. Department of Commerce, Office of Business Economics
60- 10 -3
component industries were minor and
offsetting.
With petroleum demand showing only
small growth and capacity rising, production controls were instituted in order
to restrict stocks. Petroleum stocks are
currently about the same as at the start
of this year, seasonally adjusted. Since
early spring book values have declined
slightly, with the reduction centering in
crude stocks; finished stocks—particularly of gasoline—have continued to
grow. Gasoline stocks are currently at
a record high for this season of the year.
However, relative to recent sales for the
industry, overall inventory book values
October 1960
are low compared to other postwar
periods.
Inventories of textile manufacturing
companies rose moderately in the first
quarter, but have held relatively steady
since early spring. Generally there has
been continued expansion of finished
goods offsetting reductions in purchased materials. The recent inventory-sales position for the industry was
a little higher than a year ago. Apparel
stocks have been pared this year relative to sales to a point where the recent
ratio was about the same as a .year ago.
Some accumulation of food and beverage stocks in the second quarter—
partly reflecting higher processed food
prices—was largely offset in the third
quarter. With the improvement in
sales this year, stock-sales ratios have
declined, and are currently at a low for
the postwar period.
In paper, chemicals and rubber a
slight growth of inventory book values
has continued—largely in finished goods
stocks. Stock-sales ratios for these industries in August were a little above a
year ago.
Most of the $1 billion rise in retail
stocks in the first half of 1960 occurred
at automotive dealers. While dealers'
sales increased substantially, the stocksales ratio at mid-year was still well
above a year earlier. The cleanup of
outgoing 1960 models during the
August-September factory changeover
period was quite sizable, although new
car stocks in late September were considerably higher than at the same time
in any other year. Mitigating factors,
however, were the necessity to carry a
broader range of models, including
many new "compacts," and in addition
the stock at the end of this September
contained a considerably higher proportion of the incoming new models than
did earlier September.
Stocks at lumber, building materials
and hardware stores have tended downward this year, while those of furniture
and appliance dealers have risen. Sales
have been relatively weak in these
areas, partly reflecting lowered housing
construction. Industry data suggest
that stocks of such appliances as washing machines, dryers, radios and
television sets are well above a year ago,
Movements in trade
although the most recent months indiStocks held by wholesalers and recate a movement toward better balance.
tailers have generally moved upward in
At general merchandise stores, stock,
1959 and the first half of 1960 as sales
after seasonal adjustment, rose throughadvanced, although the wide swings in
out 1959 with the increasing volume of
new car inventories have at times obsales, and leveled out last winter as
scured the slowly rising trend at retail
bad weather adversely affected sales.
stores. In response to improved sales, Growth in stocks w^as resumed this
trade inventories rose about $1.4 bil- spring and has continued in July and
lion, seasonally adjusted, in the opening August. With sales currently little
6 months of this year. Both sales and
different from a year ago, stock-sales
inventories showed little further change
ratios
have risen. Placement of new
in the July-August period. Stock-sales
orders
by department stores in the
ratios at the end of August were higher
than at the start of the year for both July-August period, however, has been
wholesale and retail durable goods maintained at last summer's volume,
establishments, and were virtually un- and the value of outstanding orders is
changed in the soft-goods areas.
higher.
Prospective Government Programs—The Year Ahead
BUSINESS may expect a modest
increase in Federal Government purchases of goods and services—a component of GNP—in the period ahead.
This increase is implied by expenditures
scheduled for Federal agencies in fiscal
1961, as presented in the Budget
Bureau's recently released Midyear
Budget Review.
Federal buying is programed at $54
billion for the year ending June 30,
1961, compared with the $52% billion
actually expended in fiscal 1960. Federal purchases declined during the
SURVEY OF CURRENT BUSINESS
October I960
course of fiscal 1960, and by the June
or final quarter of that year were at an
annual rate of about $51% billion, more
than $2 billion under the expected
average for the current fiscal year.
Quarterly increases in Federal buying
are thus implied if the budget projections are realized.
Other budget expenditures, for Post
Office operations, grants to State and
local governments, loans, and veterans
compensation, are also expected to increase in the current year.
Total budget expenditures are estimated at $80% billion, about $3 billion
more than for the 1960 fiscal year and
slightly higher than programed in the
January budget. Receipts are calcuFEDERAL FISCAL POSITION
Continuing Surplus on National Income
And Product Basis Indicated
Billion $
110
100
Expenditures
90
Receipts
80
tional income and product accounts.
When the definitions of Government
receipts and expenditures are adjusted
to the national income framework, the
surpluses indicated for fiscal 1960 and
1961 are seen to be somewhat greater
than appear for these years on the other
two bases.
The table shows expenditures on income and product account in both
years at about $2% billion less than
cash budget expenditures, with which
they are most readily compared. The
difference between the two arises primarily because the cash totals include
loans and the secondary market operations of the Federal National Mortgage
Association, which are excluded from
the national income account. Receipts
are $1K billion lower on the national
income basis than in the cash budget,
which includes loan repayments and
recoveries of other funds.
For fiscal 1959, the differences between the national income and product
account and the cash budget were considerably larger. Receipts were higher
on the national income basis since corporate profits tax accruals exceeded collections by about $3K billion; and expenditures were lower because they did
not reflect the unusually large outlays
for loans, mortgage purchases, and
other financial cash transactions of fiscal
1959.
Federal receipts
70
60
l/\j i i I i i i I
1956 57
58
59
60
61
62
Quarterly Totals, Seasonally Adjusted, at Annual Rates
0
Fiscal 1961 estimate based on data in midyear Budget Review
U. S. Department of Commerce, Office of Business Economics 60-10-7
lated at $8IK billion, also about $3
billion more than in fiscal 1960, but
approximately $2% billion less than
had originally been anticipated. As a
consequence, the surplus for 1961, at
$1 billion—-about the same as recorded
for fiscal 1960—is lower than had been
projected in the January budget.
The accompanying table, based on
the midyear review, summarizes the
fiscal position of the Federal Government in terms of the administrative
budget, the cash budget, and the na
The $3 billion increase for fiscal 1961
in Federal receipts—which is calculated
on the basis of continuing high levels
of employment and income—is mainly
in tax collections on individual incomes.
Other types of budgetary receipts, corporate profits taxes, excise taxes, and
miscellaneous revenues, are calculated
to remain substantially unchanged from
1960. The revision since last January
in the estimate of total receipts centers
in corporate profits tax collections,
which were then expected to exceed
those of fiscal 1960 by a considerable
amount. The present lower estimate
reflects the reduced profit margins discussed elsewhere in this issue. It assumes that corporate profits for calendar 1960—on which the taxes collected in fiscal 1961 are based—will
total about the same as in calendar
1959.
Federal purchases
The larger part of the scheduled
$1K billion increase in Federal purchases
is in programs other than national defense. Nondefense buying is programed $1 billion higher than in the
past fiscal year. The net acquisition
of price support crops by the Commodity Credit Corporation is set down
in the budget at $K billion more,
reflecting primarily a larger production
of wheat and a larger carryover of
corn. Stepped-up rates of operation
are also scheduled for other Federal
programs—particularly the modernization and expansion of the national
system of air traffic control, and the
conservation and development of land
and water resources. Expenditures
will also reflect the pay raise enacted
recently for Federal employees.
Defense purchases are scheduled to
exceed by $% billion the total recorded
for fiscal 1960. Increases are programed for Defense Department military functions and for the space
exploration activities of the National
Aeronautics and Space Administration.
Atomic energy development is to continue at the same rate as in fiscal 1960.
Stockpiling of strategic and critical
materials and outlays for expansion
of defense production will decline.
Defense Department military outlays—the largest component of defense
purchases—-are expected to increase by
SYz billion in the current fiscal year
(see table 2). Expenditures for research, military personnel, and operation and maintenance are programed
to rise by about $1 billion in total, but
outlays for major military procurement items and construction would
decline. Military procurement for Defense needs and for foreign military
assistance is scheduled to decrease by
about $}£ billion from the $15% billion
total recorded in fiscal 1960. Conventional aircraft outlays will be lower,
following recent trends, while expenditures for guided missiles, ships, and
other equipment remain substantially
the same as the year before.
Government purchases affect the
business situation not only directly but
also indirectly, through the shifts they
occasion in business operations, including those relating to inventories
SURVEY OF CURRENT BUSINESS
Table 1.—Federal Government Receipts and
Expenditvires, 1959-61
[Billions of dollars]
Fiscal years
1961
(estimate)
1959
1960
Administrative budget:
Receipts
Expenditures
Surplus or deficit ( — )
08 3
80.7
-12.4
78.4
77.2
1.2
81.5
80.4
1. 1
Cash budget:
Receipts
Expenditures
Surplus or deficit ( — )
81.7
94.8
-13.1
95. 0
94.2
.8
100.6
98.1
2.5
85.3
90.1
53.7
36.3
-4.7
93.5
91.3
52.4
38.9
2.2
99.0
95.5
54.0
41.5
3.5
National income and product account:
Receipts
Expenditures
- Goods and services
Other
Surplus or deficit ( — )
NOTE.—The difference between the administrative
budget and the cash budget is largely accounted for by the
inclusion in the latter of trust fund transactions. The
national income and product account includes trust fund
transactions, but differs in definition from the cash budget
in several important respects. Corporate profits taxes are
recorded on an accrual rather than a cash collections basis;
loan transactions are either omitted or involve differences
in timing; the acquisition of financial and second-hand assets
are excluded; and an adjustment for the lag between deliveries and payments for goods is incorporated.
Source: U.S. Treasury Department, U.S. Department of
Commerce, and Budget Bureau.
and to plant and equipment spending.
Furthermore, these latter components
of GNP are also affected by contracts
placed with business for goods and
services to be delivered at a later date.
For the current fiscal year, Defense
Department plans, as now formulated,
call for an increase of $2 billion, or 10
percent, over last year in orders for
major procurement items, research and
development, and construction.
From preliminary indications now
available, some acceleration in the
Table
2.—Defense Department Military
Budget Expenditures, 1959-61
[Billions of dollars]
Fiscal years
1959
Total
Military personnel
19GO
1961
(estimate)
43. 6
42.8
43.2
11.8
11.7
12.2
placing of orders has already occurred
in the opening months of this fiscal
year. Shifts in the product composition
of new orders as compared with the
last fiscal year will, of course, occur.
Also, as the year progresses, the phasing
of new contract placements may change
in the light of cost developments and
technological changes.
Other Federal expenditures
In addition to the rise in outlays for
goods and services, Federal spending
in other categories is programed to increase also. These categories include
such items as transfer payments to individuals and foreign countries, grants-inaid to State and local governments, and
interest costs. The projected rise of
$2% billion is about the same as the
expansion that occurred in the previous
fiscal year.
Transfer payments to individuals
would be up by about $2 billion, in
contrast with a $1 billion rise last year.
Payments under the social security
program, Federal retirement benefits,
and veteran's compensation and pensions are the main areas of increase.
Grants-in-aid to State and local governments will increase by a small
amount, with additional sums scheduled
for the promotion of public health, public assistance, and medical care for the
aged; highway construction grants, on
the other hand, will total about the
same as last year.
Interest costs, which rose sharply in
fiscal 1960, are set forth in the budget
as low^er on the basis of the recent
decline in interest rates on Government
securities. Finally, an increased Post
Office deficit is anticipated; postal rates
were not raised by Congress, as requested in the January budget message,
and postal workers' pay has subsequently been increased.
Operation and maintenance,- .
10.4
10.2
10.3
State and local programs
Defense procurement
14.4
14.3
13.8
Aircraft
Missiles
Ships
Other _ _ _ .
3! ,3
1.5
1.9
6.6
o 7
1. 7
2.4
6.2
3.6
1. 7
2.4
Research, development, test
and evaluation
2.9
3.7
4.1
Construction
1.9
1.6
1.3
Military assistance
Materiel purchases
2.3
1.9
1.6
1.2
1.8
1.4
-.2
-.4
2
Assuming State and local governments continue to expand their outlays
at the average rate of recent years, buying by these governmental units would
increase to more than $48 billion in
the current fiscal year. Factors in the
past expansion have included higher
wage rates and a larger work force, an
uptrend in the construction of schools,
highways, hospitals and sanitary facil-
Revolving funds and unallocated
Source: Budget Bureau and Department of Defense.
October I960
ities, and larger outlays for other purchases from business—such as office
supplies, equipment, and utilities services. Receipts of State and local governments have not covered their expenditures, which include heavy capital
outlays, and borrowing is expected to
continue.
Taking into account the projected
increase in Federal purchases and the
GOVERNMENT PURCHASES OF
GOODS AND SERVICES
Continue To Be a Potent Market Force
FEDERAL
Billion $
60 3Estimate based on midyear Budget
Review
Total
40
-
20 -
STATE A£MD LOCAL
60
Tofa/
40 -
20
1956
57
58
59
60
Fiscal Years
61
U. S. Department of Commerce, Office of Business Economics
62
60-10-8
trend of State and local outlays, the
total demand for goods and services by
all levels of government would be about
$4% billion higher in the current fiscal
year than in 1960. A rise in outlays
for business products is expected to
account for about half of this expansion,
the remainder being paid out as compensation of employees.
October 1960
SURVEY OF CURRENT BUSINESS
during the past year. The total
government stocks and loans outstanding at the end of the 1960 fiscal year
was $8^ billion, about the same as a
up a bit in the spring and was a bit year earlier, as a rise of $1 billion in
inventories was offset by a decline in
lower in the summer.
Farm mortgage debt has risen with outstanding loans. In the preceding
land values, but it remains quite low year, CCC requirements had risen
by nonfarm mortgage standards with substantially. The large crop being
loans seldom made much above 50 harvested this year is expected to bring
percent of current market values. The another rise in carryover at the end of
only partial exception is the "contract the season.
The mixed inventory situation is
sale" or "installment sale" of farm real
reflected
in the three principal surplus
estate, which has been of growing imcrops—cotton,
corn, and wheat. The
portance in recent years, especially in
cotton
carryover
was reduced by more
the Lake States and the Corn Belt.
than
1
million
bales
at the beginning
Under such contracts, the title to the
of
the
current
season
and
is not expected
land remains with the seller and downto
rise
during
the
year.
The carryover
payments are typically under 30 peris
only
half
as
large
as
the
peak 4 years
cent, the dividing line for qualifying
ago.
The
reduction
in
cotton
stocks
for special Federal tax treatment of
7
during
the
past
}
ear
reflects
stepped-up
capital gains. Recently such "sales"
have been estimated to account for exports, and domestic consumption
around tw^o-fifths of all transfers in- has also been relatively high. Each
of the latter is expected to be somevolving credit financing.
what lower during the present crop
year. The support price for the 1960
Crop production higher
A basic influence affecting crop pro- cotton crop is down 1.4 cents per
duction has been a substantial secular pound from last year. Since this
uptrend in crop yield (per acre). Until
Table 3.—Farm Production
3 or 4 years ago, total harvested
[1947-49 = 100]
acreage had shown some decline, so
that total crop output had risen only
1956
1958 1959 i I960
1955
1957
moderately. Thus in 1956 and 1957,
124
129
114
114
113
126
crop production was only 6 percent Farm output
Livestock & Prodabove the 1947-49 average. Since
124
129
122
121
130
120
ucts
then, however, acreage has expanded
132
124
123
119
134
Meat Animals. _ _ 127
111
111
111
112
Dairy products. _ 108
110
somewhat—wheat rose in 1958, and
136
145
Poultry & Eggs_. 123
149
137
150
corn and cotton in 1959; and yields Crops
105
121
106
106
118
118
took an unusually large rise in 1958
Feed Grains
112
112
122
135
142
141
and have remained high both last year
84
117
Food Grains
112
79
93
80
and again this year. According to the
Cotton
102
93
77
103
103
80
latest monthly estimate, total crop
96
108
86
Tobacco
109
83
89
production is estimated to be more than
1. Preliminary.
one-fifth above the 1947-49 average,
2. Indicated.
exceeding the large harvests in each of
Source: U.S. Department of Agriculture.
the past 2 years.
Spurred by technological gains and year's production is about equal to
increased capital input, farm production last year's, cash receipts are expected
continues to outpace population growth to be lower.
and total demand. Accordingly, the
On the other hand, the two huge
rise in supplies has been accompanied feed crops of last year and this year
by continued extensive price support are each larger than the expanding
operations and somewhat lowered prices domestic demand and foreign disposireceived. Rapid disposition of sur- tion, and corn carryovers are rising
pluses both at home and abroad has in each year. Both corn prices and
prevented any further buildup in gov- the estimate of the new crop are a little
ernment holdings under price support lower than last year; marketings of
Farm Production and Income
AGRICULTURAL output is continuing upward in 1960 on the basis of
current estimates of the Department of
Agriculture. This is the third year in a
row of both large crop harvests and
livestock output. Last year the rise
was in livestock output and this year
crop production is estimated to be at a
new high.
Cash receipts from marketings have
edged ahead of a year ago in recent
months after lagging a bit, earlier in
the year. Production expenses are
not much changed this year in contrast
to the rising trend in other recent years.
The former substantial advances in
prices of nonfarm purchases have been
much more limited this year, and prices
of farm inputs, especially feeder cattle
purchases, have declined.
Net income of farm proprietors for
1960 as a whole is expected to be about
even with a year earlier and is little
changed from other recent years, except 1958 when a combination of favorable influences lifted farm receipts.
Since the number of farms and farm
population have both continued to
decline in recent years, income per farm
and per capita have shown somewhat
better trends than has total income.
In addition some rise has taken place
in income of farm residents from nonfarm sources.
In a somewhat different category,
capital gains of farm proprietors have
been substantial in the past several
years. Last year they were smaller,
however, and preliminary estimates
suggest that the value of farm property
has tended to level off in 1960.
For several years, farm real estate
prices had advanced despite a decline
in farm income from the peak a decade
ago. Throughout the postwar period,
the land price rise was temporarily
arrested only in 1949 and 1953 and
continued strongly upward through the
1958 recession. During 1959, the rise
showed some evidence of slackening as
the average of land values reached a
point more than 70 percent above the
1947-49 average in the final quarter.
This year the index of land values was
2
SURVEY OF CURRENT BUSINESS
8
the crop do not reach volume proportion until just before the end of the
calendar year.
The wheat carryover, which has
risen to about the size of a year's
production, did not increase in the past
year, but the expansion in production of
240 million bushels in 1960 is expected
to show up in carryover at the end of
the season.
The wheat support is only a bit
lower than last year, and prices received have been effectively sustained.
Accordingly, the substantial increase
in the size of the crop is bringing a
considerable rise in farmers7 cash receipts from wheat.
Livestock shift
An important change in agriculture
this year is a shift in livestock marketings. Beef slaughter has shown a
substantial rise over 1959 as the stage
has been reached in the cattle cycle
when the rate of expansion in cattle
numbers has slowed and marketings
have expanded. The larger supply
of beef has been accompanied by
somewhat lower prices for corn-fattened
stock and considerably reduced prices
AGRICULTURAL
SITUATION
FARM OUTPUT
At New High
PRICES RECEIVED
Index, 1947-49=100
Index, 1910-14 = 100
325
Average Lower This Year
140
INCC)ME
Lit tie Changed
Billion
$
25
PRICES PAID
130
OF FARM
V
300
FARM OUTPUT
NET INCOME
20
120
275
15
110
250
10
100
225
5
PRICES
RECEIVED
1950
1955
1960
Annual
PROPRIETORS
/
yV.
-
0
200
90
-
1956
58
60
Quarterly
1956
58
60
Quarterly Totals, Seasonally
Adjusted, at Annual Rates
Dept. of Agriculture
U. S. Department of Commerce, Office of Business Economics
60-10-6
October 1960
for range cattle sold either for slaughter
or for further feeding. The relative
decline in cattle prices from last year
has exceeded the rise in volume, so
that cash receipts from cattle marketings have been lower in 1960.
Meanwhile hog production has been
curtailed during the past year. The
pig crops farrowed in the fall of
1959 and the spring of 1960 were
both smaller than a year earlier, so
that marketings have been lower this
year, and are expected to continue
appreciably lower than in 1959 despite
a seasonal expansion in the final
quarter. The price rise has been
substantial, however, and with feed
supplies plentiful, hog-corn price ratios
have become favorable for expansion
in hog production. The latest pig
report suggests that some expansion
in sow-breeding may be underway
though no big increase in the 1961 pig
crop is indicated.
Dairy production and prices have
remained relatively stable. Milk consumption per capita is off a little in
1960, and CCC price support purchases
are a little higher. In September support prices were raised about 5 percent
in accordance with new legislation.
Poultry and egg receipts are a little
higher than in 1959. Broiler production is up this year and prices have
exceeded a year earlier although they
have eased this fall. Egg production
has declined in the past several months,
with allowance for seasonal influences,
and egg prices have been above the
rather low 1959 quotations.
Recent Trends in National Income and Corporate Profits
l\l ATIONAL income advanced from an
annual rate of $414 billion in the first
quarter to $419 billion in the second,
compared with $391 billion and $405
billion in the first and second quarters
of 1959, respectively. For the first half
of I960 the increase over a year ago was
5 percent.
Most major types of income shared
in the rise last spring, and employee
compensation, which accounts for over
two-thirds of the total, extended its
growth in the summer quarter. Corporate profits have been reduced since
the opening quarter of the year, as
manufacturing activity tapered and
margi i is con traded.
year were due mainly to the experience
of hard goods producers, and especially
reflected the aftereffects of the steel
tieup.
Durables manufacturing income was
off about 4 percent, or $3 billion at an
annual rate, from the first 1960 quarter
to the second. Payroll and production
CORPORATE PROFITS
Dip in Second Quarter
Concentrated in Manufacturing
Biliion $
60
CORPORATE PROFITS, TOTAL*
Industry pa ttern
Data for the various industries are
given in table 5. These point up the
continuation this year of the fairly
steady growth which lias for some time
characterized the How of income in
finance, communications and public
utilities, services, and government.
Further gains in these lines are clearly
indicated for the third quarter also.
Income from durables manufacturing
has receded from the highs registered
in the earlier post-strike period. Soft
goods manufacturing showed relatively
more strength, as did trade and construction. Earnings in these lines expanded in the second quarter and seem
to have held up fairly well in the third.
Manufacturing
tapers
The income flow from manufacturing
was at an annual rate of $123 billion in
the second quarter. This was about
$2)2 billion under the all time high which
had been reached in the initial quarter,
but was $5 billion ahead of the total reported for the final 3 months of last
year. Both the improvement over late
1959 and the tapering since early this
,56,6512°—60——2
!:!:!•:;:::•!:!::; MA?«'VAC r JPUO j
20
't^'ALL OTHfck INDUST1IF
1954
1956
1958
1960
Quarterly Totals, Seasonally Adjusted, at Annual Rates
* Before tax, and including inventory valuation adjustment
U. S. Department of Commerce, Office of Business Economics
60-10-4
data suggest that the decline continued
after midyear.
A pattern of leveling off or contraction in earnings following the pronounced upswing which occurred around the
turn of the year, characterized nearly all
the major hard goods lines. The income
swings were particularly marked in
primary iron and steel. Only part of the
flow of earnings from individual manufacturing industries can be measured on
a quarterly basis, but the available data
suggest that the first-quarter rise in
primary metals manufacturing was on
the order of 40 percent. This carried
the total close to the record rate of the
1959 second quarter, which had likewise
been a period of rapid inventory accumulation. With the steel operating
rate off from an average near 95 percent
in the first I960 quarter to 70 percent in
the second and a little over 50 percen t in
the third, income from metals production has fallen oil since last winter. It
was down about one-sixth for the spring
quarter, and both, profits and payrolls
in the industry have since dec Lined
somewhat further.
Fiist-qua-ier advances in income
from fabricated n^tal inHiiuUiciiuing,
n^neledik-al iTL-.UiineTy, and Iransporl a f o n oquipmrnt u'Jior ihan iHito^ were
likewise cK*':-.j'l or revoivr-d in the
spiing and summer. Th< experience of
auto rMinuiaeturiu^ 11 ha~ bcvi, somewhat
similar. Alter reb-jundim; early this
yea" lvoin the }Q\Y of lute 19^9, tuitomotive income Irvele.l c = f in the spring and
seei is to have b^er lower oft IT inidyeai*—though the available data are
limited and are difficult to interpret because of the shift in timing of the 1961
model changeover period.
Income from noiidurables production
continued to rise in the spring quarter,
though not so rapidly as in the winter.
Earnings held even or dipped—owing
mainly to narrower profit margins—in
certain lines which depend to a substantial extent on industrial markets, Declines in these areas, however, were
more than offset by a spring upturn in
industries serving the consumer market
for food and clothing. For the third
quarter, employee compensation in the
nondurables groups showed little
change; comprehensive information on
profits in this period is not available.
9
SUKVEY OF CURRENT BUSINESS
10
scribed above. There were reductions
in durable goods manufacturing, while
relative strength continued in nondurables, trade, and a number of service-type industries.
Higher employment and a longer
average workweek contributed substantially to payroll growth in the early
part of the year. A review of quarterly
and recent monthly changes suggests
that since last winter the continuing
Growth in labor income
Compensation of employees increased
$2 billion in the summer quarter, at an
annual rate. Gains earlier in the year
had amounted to $8% billion in the first
quarter and almost $5 billion in the
second.
The industry pattern of these payroll
movements reflected in part the same
market shifts that influenced the structure of the total national income de-
Table 4.—National Income by Type of Income (I~f», 1-9)
[Billions of dollars, seasonally adjusted, at annual rates]
1957
19-9
1959
1958
II
National income-
Wastes and salaries _
_ _
Private
Military.- - - .-. _ _ .
Government civilian
Supplements to wages and salaries
Employer contributions for social
insurance
Other labor income
Employer contributions to private pension and welfare funds
Other
Proprietors' income
Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment
Farm
Rental income of persons
Corporate profits and inventory valuation
adjustment
III
IV
I
II
III
367.7
399.6
405. A
399.4
402. 8
414.4
419.4
n.a
255. 5
257.0
277. 8
279.7
279.5
281.6
290.2
295. 0
297 2
238. 5
198 4
9.6
30. 5
239.7
196 4
9.8
33.6
258. 2
212 9
9.9
35.4
260. 1
214 9
9 9
35. 3
259. 7
214 2
9 9
35. 7
261. 5
215 5
9 8
36.1
268. 7
222 1
9 9
36.7
273. 1
225 5
10 0
37.6
274 9
226 0
10 1
38.8
17 0
17 4
19 6
19 6
19 8
20 1
21 5
21 9
22 3
7.8
9.1
8.0
9 4
9.5
10. 1
9.6
10 0
9.5
10 3
9.6
10 5
10.8
10 7
11.0
10 9
11. 1
11 2
7. 2
2.0
7 3
2.1
7.9
2.3
44.5
46.4
46.5
46.8
46.1
46.3
46.0
48.1
48.3
32.7
33 0
_ 3
11.8
32.3
32 4
— i
14.0
34.7
34 8
— i
11.8
34.8
35.0
35.1
35.4
36.0
36.1
12.0
11.1
11.2
10.6
12.1
12.2
11.9
12 2
12.4
12 4
12 4
12 5
12 5
12 5
12 5
366. 9
Compensation of employees..
1960
41.7
37.4
46.6
50.4
44.9
45.5
48.0
45.3
n.a.
Profits before tax
Profits tax liability
- -Profits after tax
Dividends
Undistributed profits
43.2
20.9
22 3
12 6
9.7
37.7
18.6
19. 1
12 4
6. 7
47.0
23 2
23.8
13 4
10. 5
51 7
25. 5
26 2
13 2
12.9
45.3
22.3
22.9
13 6
9.3
44 8
22.1
22 7
13 8
8.9
48.8
23.8
25.0
13 9
11.0
45 7
22.3
23.4
13 9
9.5
na
n.a.
na
14 0
n.a.
Inventory valuation adjustment
— 1. 5
2
—.5
-1.3
— .4
.7
0
-.4
n.a.
13.4
14.7
16.4
1C. 2
16.5
16.9
17.8
18.5
19.1
Net interest- _
..
__ _
n.a.—Not available.
October 19(50
gradual uptrend in pay rates has
a major role, and has increased in relative importance as employment gains
tapered.
Employment and hours—"real" factors which (along with the efficiency
factor) have a direct effect on the physical volume of output—accounted for
nearly half the advance in private payrolls from the first quarter to the second.
During the summer months, however,
the net effect of the changes in employment and hours throughout the economy was in the direction of lower payrolls.
The experience in these respects
varied somewhat from industry to industry. Employment improved markedly last spring in trade, contract construction, and other nonmanufacturing
lines; hours declined somewhat after
midsummer, but the contraction was
slight and did not have a major effect
on payrolls.
In manufacturing, the record for nondurables this year has been similar.
The reduced activity in durables has
been reflected in employment cutbacks
and shorter hours without much change
in rates of pay.
The recent course of payrolls and
other major elements in the national
income is traced in table 4. Earnings
of nonfarm proprietors were little
changed in the third quarter. Net
interest rose a little less in the third
quarter than in the second, interest
rates having eased and borrowing slowed
somewhat. Rental income of persons
held about even.
Corporate Profits
Table 5.—National Income by Industry Division (1-11)
[Billions of dollars, seasonally adjusted, at annual rates]
1957
1958
19 60
1959
1959
II
III
IV
I
II
All industries, total
366.9
3G7.7
399. 6
405. 4
399.4
402.8
414. 4
Agriculture, forestry, and fisheries
16.4
18.8
16.8
17.0
15.9
16.4
15.9
17.6
112.5
68.9
43.6
104. 1
60.8
43.3
119.4
71.0
48.4
124. 5
75.7
48.8
118.7
69 5
49.2
118.4
69.5
48.8
126.0
76.1
49.9
123.4
73.1
50.3
Wholesale and retail trade.Finance, insurance, and real estate
Transportation
Communications and public utilities- _
60.4
35.3
17.2
13.4
61.1
37.4
16.3
14.1
66.9
40.5
17.5
15.3
67.4
40.1
17.9
15.2
67.2
41.0
17.4
15.4
67.9
41.6
17.4
15.6
68.0
42.2
18.2
15.9
70.0
42.8
18.2
16.2
Services
Government and government enterprises
Other
40.0
41.7
45.1
44.5
45.6
46.7
48.1
49.4
43.2
28.7
46.6
27.5
48.8
29.3
48.7
30.1
49.0
29.1
49.6
29.2
50.3
29.8
51.3
30.6
Manufacturing
Durable goods industries..
Nondurable goods industries
419.4
The second-quarter decline in corporate profits stemmed largely from the
developments in manufacturing production that have been outlined earlier in
the SURVEY and in this review. These
developments had a more pronounced
effect on profits than on other elements
of national income. This was partly
because manufacturing accounts for a
more-than-proportionate share of corporate business and hence of profits, and
partly because profits are the most
volatile income share and thus are
sharply affected by any change in business activity.
October 1960
Before-tax profits, exclusive of inventory gains and losses, were $45% billion
for the second quarter, at a seasonally
adjusted annual rate. This was 6 percent below the total reported for the
first quarter of 1960, and about the
same as in the fourth quarter of 1959.
Inventory gains were off along with
earnings from current production, and
before-tax book profits dropped from
an annual rate near $49 billion in the
winter quarter to a little under $46
billion in the spring. The overall result
for the first half was thus very close to
the average of $47 billion recorded for
1959 as a whole. The second quarter
contraction was paralleled in profits tax
accruals. The profits tax amounts to
almost half of pre-tax earnings. The
fiscal implications of the reductions in
tax accruals are noted elsewhere in this
issue in the review of the Federal fiscal
position.
After-tax profits declined $1K billion
from the first quarter, to a $23K billion
rate. Dividends have been maintained
at close to a $14 billion annual rate
since last fall, and retained net earnings
were off accordingly (see chart).
Shift in profits
Available data on the industry pattern
of profits are given in an accompanying
table. Apart from seasonal variation
and inventory gains and losses, it
appears that corporate earnings have
held up fairly well in nonmanufacturing
lines. Profits in the communications
and utilities industries, in particular,
continued to expand throughout 1959
and the first half of 1960.
For manufacturing, the latest comprehensive reports show earnings down
sharply in the spring after a strong
advance in the winter quarter (see
chart). The swing was particularly
evident in reduced earnings of primary
iron and steel, nonelectrical machinery,
automobile, and other transportation
equipment manufacturers.
Soft goods lines registered moderate
gains in the first 1960 quarter. Some
contraction followed in the spring,
though sales continued high. Industrially, the second quarter movement in
the total stemmed primarily from lower
earnings in petroleum and chemicals.
SUEVEY OF CURRENT BUSINESS
Depreciation costs
A significant aspect of the current
profits picture relates to depreciation
charges, which have increased substantially in recent years from a variety
of causes. One of the most important
causes is found in the growth that has
taken place in the Nation's production
facilities. The rising costs of plant and
equipment items are also necessarily
reflected in heavier depreciation charges
on the items bought more recently. The
Flow of Corporate Internal Funds
Billion $
40 -
20 -
1957 1958
1959
* Includes additional minor capital
consumption allowances
I960 Quarterly
Seasonally Adjusted,
at Annual Rates
U. S. Department of Commerce, Office of Business Economics
60-10-5
average useful life expectancy of these
facilities, moreover, has become shorter,
owing to a shift in their composition, so
that the investment in them must be
written off over a briefer period and in
larger annual installments than in the
past. Finally, the spreading use of
formulae other than straight-line amortization has made for a faster writeoff
in recent years.
The growth in the stock of business
plant and equipment, due to the heavy
investment spending that has characterized the postwar period as a whole,
represents a major gain in the economic
strength and efficiency of the Nation.
It permits a larger volume of national
output, in total and per worker and
consumer, than has ever been possible
before. Labor and natural resources
can be employed more efficiently, and
operating costs reduced by improved
11
technical equipment. In the process
of adding new facilities, moreover,
business has expedited the introduction
of new products and processes.
Many of these gains, it will be noted,
are of sorts that tend to increase the
ability of the companies to meet enlarged depreciation charges. To the
extent that this is the case, depreciation is not a source of increased pressure on profit margins. The same is
true of the increase in depreciation
which stems from the higher prices
paid in recent years, where the results
in technical efficiency and broadened
markets make the investment a desirable one.
An appreciable reduction in average
life expectancies of capital goods—
the third factor in the increase of depreciation charges— has occurred owing
to a rise in that proportion of the base
consisting of equipment, which has a
shorter useful life than plant, on the
average. (The accelerated amortization of emergency facilities which was
authorized by the Defense Production
Act of 1950 might in principle also be
considered a case of this sort; it has
certainly tilted the average depreciation
rate upward in the past, though its
present influence is the reverse.) The
trend to the shorter-lived items reflects
payback calculations which allow for
the higher depreciation on these items.
The shift to the use of newer formulae
in calculating depreciation charges has
a special, somewhat distorting effect
on book profits. Under these alternative formulae more of an asset's value
is written off in the earlier years of its
operation and less in the later years.
Being permitted for tax purposes only
with respect to capital goods coming
into use in 1954 or later, each year these
formulae become applicable to a larger
part of the stock of capital goods. The
profit and depreciation totals for recent
years, reflecting the wider applicability
of the new accounting methods, are not
precisely comparable with the past
figures which were based more largely
on the traditional straight-line calculation.
As has frequently been noted in the
SURVEY, the shift to the new methods
tends to influence the downward tendencies of profit ratios to sales and to
SUEVEY OF CURRENT BUSINESS
12
Table 6.—National Income by Corporate and Noncorporate Form of Organization
(1-14)
[Billions of dollars, seasonally adjusted, at annual rates]
19 30
1959
1957
National income
Income originating in corporate business
Compensation of employees
Wages a n d salaries
_ _ _ _ _ __
Supplements to wages and salaries
Corporate profits and inventory valuation adjustment i
Profits before tax *
Profits t a x liability
_ - _ _ - _ _ - - .
Profits after tax !
Net interest
Income originating outside corporate business
1958
1959
II
III
IV
I
II
366.9
367.7
399.6
405.4
399.4
402.8
414.4
419.4
202.9
195.8
219.4
225.4
218.8
219.8
229.1
228.8
162.7
150.6
12 2
159.3
147.2
12.1
173 9
160.1
13 8
175.9
162.1
13.8
175. 0
161.0
14.0
175 7
161.6
14 1
182 2
166.9
15 3
184.4
168.9
15.6
39 7
41.3
20.9
20.4
15
35 6
35.9
18.6
17.3
44 7
45 2
23.2
22 0
48 8
50. 1
25.5
24. 6
1 3
43 1
43.4
22.3
21. 1
43 4
42 7
22.1
20 6
46 1
46 9
23.8
23 1
43
43
22
21
.4
.8
7
7
7
8
8
164.0
171.9
180 3
180 6
182 9
185 4
WO 6
2
5
180.0
4
7
g
5
9
3
6
4
1- Excludes corporate profits originating in the rest of the world sector.
Table 7.—Sources and Uses of Gross Saving (V—1. V—2)
[Billions of dollars, seasonally adjusted, at annual rates]
1960
1959
1957
Gross private saving
Personal saving
Undistributed corporate profits. _
_
_ _ _
Corporate inventory valuation adjustment
Depreciation charges. _ _
_
Accidental damage to fixed business capital
Capital outlays charged to current expense
Excess of wage accruals over disbursements
Federal
State and local
Gross investment-. _
______
Gross private domestic investment
Net foreign investment
II
III
IV
I
II
69.0
73 9
76.6
72.1
73 8
76 1
77 3
23.6
24.4
9.3
22 8
8 9
23 7
11 0
-1.5
33.4
24.8
12.9
-1.3
22 5
2
35. 1
23 4
10 5
— .4
.7
-.8
25 2
9 5
— .4
.9
.7
9.7
1.0
6.7
2.4
.0
-11.4
-.5
37 2
.7
40.2
40.7
41.4
42.2
43.0
2.6
.0
.0
.0
.0
.0
.0
—2 5
—.4
—3 2
—2 8
3 9
2 3
—1 4
—1 1
10
—1 3
—2 0
—1 2
—2 2
5
5 6
1 7
4 7
2 5
2 0
—1 0
-9 3
—2 0
69.6
56.0
69.5
75.2
66. 0
68 5
79 0
75 7
66.1
3. 5
56.0
— .1
72.0
—2 5
78.9
—3 6
67 5
—1 5
70 8
—2 4
79 3
75 5
— 1.8
— t.o
—3.0
—2 6
—1 1
—3 9
— .6
Statistical discrepancy
1959
69.2
3.1
.0
Government surplus on income and product transactions
1958
-1.7
3
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation Adjustment
by Broad Industry Groups (VI-10)
[Billions of dollars, seasonally adjusted, at annual rates]
1957
All industries, total... _ _ _ _
_
Manufacturing
Durable goods industries
Nondurable goods industries
_ _ __
Transportation, communications, and public utilities ._
All other industries
___ _
1958
1959
19 60
1959
II
III
IV
I
II
41.7
37.4
46.6
50.4
44.9
45 5
48 0
45 3
22.9
18 8
24 8
28 1
23 8
23 2
26 2
23 5
13.1
9.2
9.6
12 8
12 0
15 8
12 3
11 5
12 2
11 3
12 0
13 6
12 6
11 6
11 9
9.8
5.5
5.4
6. 3
6.5
6.1
6.3
6.5
6.4
13.3
13.2
15 5
15 8
15 0
16 0
15 3
15 5
October 1960
national income and product in recent
years. It also has an important financial effect. The internal funds invested
by corporations are derived from profits, which are subject to tax, and from
depreciation allowances which are not
taxed since they represent a cost of plant
and equipment used up in the production process. Any change which raises
the relative share of depreciation in the
total therefore tends to reduce the
corporate profits tax yield while raising
the flow of internal funds.
The rise in total corporate depreciation charges brought about by the
spread of the newer accounting methods
now has a substantial offset in another
group of asset accounts. This offset
is the tapering of amortization charges
on emergency facilities, as these leave
the amortization base upon completion
of the 5-year writeoff period permitted
for them under the 1950 Act. The net
balance is difficult to strike. It appears,
however, that the various accounting
factors taken together now affect profits comparisons from one year to the
next by only a fraction of 1 percent of
the pretax totals.
The growth of depreciation has comparatively even less effect on the course
of profit margins in the shorter run.
Quarterly changes are mostly dominated
by cyclical and special conditions, and
show much the same pattern whether
profits are measured before or after
depreciation charges.
On either basis, the ratio of profits
to corporate gross product rose during
the first year of cyclical advance,
through early 1959. It has since tended
irregularly downward, with interim
fluctuations including a dip during the
steel strike and a limited recovery thereafter, and by last spring it was at the
lowest point since the summer of 1958.
BY LOUGHLIN F. MC HUGH
Business Financing in 1060
Fixed Capital Demands Remain High—Working Capital
Needs Shift—Supply Conditions Eased
BUSINESS corporations generally
maintained their end of 1959 financial
position in the first half of 1960.
Profits have moved in an irregular
fashion over the past year and since the
first quarter have tended lower as
profit margins came under pressure.
With dividends maintained, earnings
retained in business have been lowered.
Depreciation set-asides reached a new
high, for the most part reflecting the
expanded capital base, and the combined gross internal flow of equity
funds—-retained earnings plus depreciation charges—was close to the earlier
top but with the contribution of the two
major sources differing.
The volume of long-term capital
raised in external markets by business
firms has been fairly steady in the last
year and a half, though reduced from
the heavy financing carried on during
the previous business upswing in the
1956-57 period. (See chart.)
The combined flow of internal and
external long-term capital financing
in the first half was at a seasonally
adjusted annual rate of $40 billion for
all non-financial corporations, about the
same as in 1957 and 1959, and roughly
$3 billion more than in the 1958
recession period.
The current requirements for such
funds for fixed capital expenditures are
substantially higher than in 1959, and
plans for such investment in the second
half of this year involved a further
increase over the first-half results.
The cushion of corporate liquid funds
was an important influence in financing
the 1959-60 business advance, and in
the 12-month period ended last June
corporate managers drew down their
liquid asset holdings to supplement the
record volume of long-term financing.
Working capital higher
Capital requirements other than for
plant and equipment and liquid asset
ownership—basically for building inventories and financing customers—
have been exceptionally heavy in the
past two years of cyclical advance, with
the expansion pressure sustained at a
relatively even pace after allowing for
the usual seasonal influences and such
special factors as the pre-steel and poststrike build-ups and the strike-related
tapering of demands. In the year
ended last June, nonfinancial corporations added close to $20 billion in
working capital assets other than liquid
resources. This was $2 billion more
than in the preceding year and in the
year ended June 1957.
The most recent expansion in such
working capital was exceeded only in the
12-month period through June of 1956,
when the addition came close to $25
billion. The greater inventory build-up
in that earlier period largely accounts
for the difference. The increase in
terms of the book values of over $8
billion during the year ended June
1956 was about double the inventory
accumulation observed in the last
12-month period.
All in all, the recent financial picture
for corporate business has conformed
fairly closely to that which is typically
experienced in periods of cyclical advance: sharp increases in fixed and
working capital assets and the concomitant pressures for both long- and
short-term funds; expansion of internally generated funds and yet substantial
need for external financing; the net
Corporate Long-Term Financing and Outlays on
Plant and Equipment
Sources of
Long- Term Funds
30 -
20 -
10 -
1957
1958
1959
I960
Fiscal Years Ended June 30
1st
Half
2d
Half
1st
Half
2d*
Half
1959
I960
Calendar Years, Seas. Adj. at Annual Rates
* Based on OBE- SEC Survey
Data: SEC a OBE
U. S. Department of Commerce, Office of Business Economics
60-10-9
13
SUEVEY OF CURRENT BUSINESS
14
result of improved liquidity as cash
assets were accumulated, and later, the
using up of such resources to meet still
expanding needs as internal financing
levels off.
During this period, the external financing supply conditions traced a similar cyclical conformity. During the upswing when capital demands threatened
Table
1.—Corporate Financing
Postwar Cycles
in Three
[Billions of dollars]
Year ended June 30
Most recent cycle
Sources
Long-term
Short-term,
1956
1957
1958
1959
37.3
12.7
40.3 36.9
8.8 -7.1
40.0
11.6
Uses
Plant and equipment-. 26.9
Other assets
23.1
31.9
17.2
30.1
-.3
1960
39.9
8.0
26.2
25.4
29.5
18.4
Year ended June 30
1952
1953
1954
1955
26.8
3.1
28.1 25.3
6.5 -6.2
30.3
6.8
37.3
12.7
Uses
Plant and equipment-- 22.5
Other assets
7.4
22.8 23.5
11.8 -4.4
22.4
20.6
26.9
23.1
1953-54 cycle
Sources
Long-term
Short-term
1956
Calendar years
1948-49 cycle
Sources
Long-term
Short-term
1947
1948
1949
1950
21.7
9.5
25.9 19.2
3.1 —3.7
25.0
19 2
26.8
12 8
18.8
10.2
16.9
27.3
21.6
18.0
Uses
Plant and equipment- . 17.0
Other assets
14.2
16.3
-.8
1951
Source: U.S. Department of Commerce, Office of Business
Economics, based on Securities and Exchange Commission
and other financial data.
Table 2.—Corporate Receivables and
Payables
[Billions of dollars]
Receivables
Total
Consumer
Trade
Payables,
trade
Net
trade
receivables
Change During Calendar Year
1947
1948
1949
1950
1951
_
-
7.6
4.1
.6
13.8
4.7
1.4
1.3
1.5
1.8
.8
6.2
2.8
-.9
12.0
3.9
4.5
1.3
-.3
8.8
2.7
1.7
1.5
-.6
3.2
1.2
Change During Year Ended June 30
1952
1953
1954
1955
1956
3.4
6.8
-1.4
8.1
10.4
1.4
2.3
.6
2.2
2.4
2.0
4.5
-2.0
5.9
8,0
-.9
4.7
-2.1
2.7
6.4
2.9
_ 2
!l
3.2
1.6
1957
1958
1959
1960
7. 7
.5
10.0
7.9
1.0
0
1.3
2.6
6.7
.5
8.7
5.3
4.6
-2.2
5.7
3.3
2.1
2.7
3.0
2.0
Source: Securities and Exchange Commission.
October 19tiO
to become excessive, the monetary authorities moved to restrain the expansion of bank credit and borrowing costs
rose to postwar highs.
As demands leveled after last winter's
upsurge, credit conditions eased considerably and this easing was fostered by
the central bank actions utilizing all major tools available—reduced discount
rates to member banks, open market
operations to provide extra reserves,
and most recently, a lowering of reserve
requirements. The impact of these activities is strikingly apparent in the free
reserve position of member banks which
currently shows an improvement of
close to $1 billion as compared with a
year ago. (See chart.)
its volume, such charges represent the
highest relative share of postwar corporate earnings, though they are still well
below those for the comparable prewar
period of prosperity in the late twenties.
Average costs of outside equity financing have moved higher recently as
a result of the decline in market prices
of equity issues. However, as of mid1960, such costs were still low by any
postwar experience prior to 1959. Stock
prices had risen sharply since the late
1940's. While dividends and earnings
also moved upward over this interval,
stock yields in 1959, absolutely and in
relation to borrowing costs were the
lowest for the postwar period.
The current picture
In general, corporate business has
maintained a relatively liquid position
through mid-1960. The build-up of
cash and U.S. securities in the 1958-59
period and the modest liquidation more
recently left business firms in the aggregate with such resources at a level
comparable with the needs indicated
by the higher volume of business sales
and activity. There has, however,
been some shifting in these resources.
Recent developments have accentuated the usual problems encountered by
business firms. The reduction in profit
margins, with dividends maintained,
has had its impact on retained earnings.
Funds set aside from depreciation allowances are continuing higher but it is
doubtful that they have made up for the
drop in earnings from the peak. Meanwhile fixed capital outlays of business
are scheduled to be higher. Thus, there
is a substantially lessened volume of
funds available for working capital purposes from internal sources.
At the same time, reduced expansion
on current account, which is already
evident in the inventory picture, diminishes the need for additional funds to increase the working capital of corporations. This is mirrored in the area of
short-term financing by reduced bank
borrowing for business purposes.
Liquidity patterns
COMMERCIAL BANKING PICTURE
Considerably Eased
Free Reserves
of Member Banks
-0'
Sept. 1960
Net Borrowed
Reserves
Sept. 1959
Costs of borrowing reduced
In the second and third quarters signs
of such tapered demand have been apparent. Combined with actions of monetary authorities, this has meant that
the cost of borrowing has eased off from
earlier highs. So far this has been most
apparent in the short-term area, with
banks reducing their prime rate in
August.
Fixed charges on business income—as
reflected in interest payments—have
also risen to new highs, as a result of the
expansion of debt and higher average
interest rates being paid on outstanding
debt. At the recently experienced prof-
Changes in Free Reserves
Sept. 1959-60
$884
(Mil.)
Increase in
Excess Reserves
Decrease in
Member Bank
$388
$496
Borrowing
Data: FRB
U. S. Department of Commerce, Office of Business Economics 60 - 10-I 2
SUEVEY OF CUERENT BUSINESS
October 1960
The manufacturing group, which has
been in the forefront of recent dynamic
aspects of business change, saw its
liquidity position reduced through mid1958. There was some improvement
in the succeeding 12-month period but
this has subsequently been reversed,
and this meant the using of liquid funds
in the past year. The recent movement has left manufacturers as a group
in about the same relative liquid assetsales position as they were in mid-1957,
which represented the low for the postwar period.
On the other hand, non-manufacturing concerns—more particularly those
dealing in distribution channels—have
maintained a considerable portion of
the improved liquidity which was sustained through mid-1959.
Sources and Uses of Corporate Funds
Up-to-date regularly published figures
for corporate sources and uses of capital
funds are shown in tables 3 and 4
through June 30 of this year. Since
these figures are not adjusted in detail
for seasonal influences, they may perhaps be most usefully compared taking
12-month intervals ended June 30.
Such a combination for recent years is
about the closest approximation available to cyclical recoveries and recessions. In this context several interesting features stand out and may be
briefly reviewed.
Long-term financing
In the last 2 years, more than 50
percent of the $40 billion annual totals
of long-term financing has been provided internally through the investment
of depreciation allowances. These
funds have steadily expanded in absolute and relative terms throughout
the postwar period. However, the annual new increment is currently close to
$1 billion compared with $2 billion of
additional new funds obtained in the
mid-1950's. This reduced amount of
increment, despite record or near-record
additions to gross capital base, reflects
the changing pattern of depreciation
charges against current income. In
that earlier period depreciation allowances were being swelled by the fast
writeoffs permitted on defense-related
facilities. Beginning in 1955 the cutoff in the Korean 5-year amortization
program brought a tapering in funds
from this source and at the current time
virtually all of the facilities on which
such amortization was granted have
been fully amortized. However, since
1955, a modified form of accelerated
amortization on new facilities permitted
to business firms generally has served
to raise depreciation charges, but in the
last several years the impact of this
change has been offset by the reduced
availability of funds under the Korean
program.
Other sources of long-term financing—•
retained earnings and securities market
sales—-have been sizable, but generally
speaking, more sensitive to fluctuations
in general business. Retained earnings
in the past 2 years have averaged
close to $8^ billion a year, up moderately from the 1958 recession low of
$6 billion but well below earlier highs
of $13 billion in 1950 and $11 billion in
1955-56.
15
of such firms imparts a fluidity to the
saving-investment process which aids
in the financing of business capital
requirements.
Manufacturers reduce demands
Among other major users of the
long-term securities markets, recent
tendencies have been in the direction
of reduced net sales. Manufacturers
in particular cut back their net new
issues in 1960. Typically these concerns expand their use of such financing
in the late recovery period but cut
back sharply when capital expenditures
are reduced in the recession. They
also find little need for external longterm financing in the early recovery
period when internally generated funds
are rising. The relatively light demand
of manufacturers as represented by
net new issues in the past year contrasts rather markedly with expanding
capital demands at comparable stages
of the upswings in 1951 and 1956-57.
FINANCING COSTS
Common Stock Yields Remain Low
Percent
12
STOCKS—Industrial Corporations
Market financing steady
The net inflow of long-term corporate
funds raised in the capital markets
and from other institutional sources
has held steady in the last 2 years at
about $10 billion annually. While
these sales compared favorably with
any experience prior to 1956, they
were down from the total raised in
1956-57 and were less than in the
1958
recession period when many
financing plans earlier arranged were
carried through.
In the most recent period, financial
concerns—largely investment
and
finance companies—have expanded
their recourse to long-term capital
markets. Mutual funds have shown
an especially strong growth trend.
These firms do not, generally speaking,
provide a net new inflow of capital
to the universe of corporations of
which they are a part, since the proceeds of their security sales are typically
channeled in purchases of existing
corporate issues. However, by providing a medium for investment by
the smaller scale investors, the activity
Earnings/Price Ratio
Dividend Yields
I
I
I
I
I
I
I
I
I
I
I
| . , ,|. , , | , , , | ,
Interest Rates Eased From Highs
Principally for Short-Term Funds
4
-
0
1951
53
55
57
Annual
59
61
1958 59
60
61
Quarterly
Note.- I960 is 9 months average;Sepf. of I960 is estimated
Data: Moody's
U. S. Department of Commerce, Office of Business Economics
60- 10-10
16
Net proceeds to corporate business
from the sale of stock issues do not
show any special cyclical pattern.
Net new stock issues have varied in the
$3 to $4 billion range in the last 4
years, compared with a range of $2-3
billion in the preceding 4-year period
and an average volume of $1% billion
earlier in the postwar period. Much of
the underlying growth tendency over
this interval has reflected the growing
importance of mutual funds whose
issues do not represent a net addition
to the inflow of corporate equity funds.
Swings in debt financing
A lagged response to cyclical conditions is apparent in long-term debt
financing and here, as already indicated
for total security sales, the fluctuating
element is contributed by the shifting
demand of manufacturers.
Working capital shifts
SUEVEY OF CURRENT BUSINESS
though at varying rates within these
years.
Among other working capital needs,
expansion of trade credit by corporations has been of growing importance
in recent years. In this context it is
perhaps most useful to eliminate intercorporate transactions which for the
creditor requires financing but for the
debtor corporation reflect a source of
available credit. For corporations as
an aggregate, only the net expansion of
receivables over payables reflects a
corporate financing requirement and a
source of funds for noncorporate customers.
There are two principal groups of
customers seeking temporary financing
from the corporations—consumers and
business. The net extension of corporate credit to these customers for the
October I960
recent period, as shown in the accompanying table, has been substantial in
each instance. Consumer financing was
definitely responsive to cyclical influences in the 1950's, expanding rather
sharply in recoveries, and leveling off
in the recession period. In the year
ended last June, such financing came
to $2% billion which was the highest
net credit extension of this kind in the
postwar period.
With the tendency to higher costs of
borrowed funds in the 1958-60 period,
corporate management has made an intensive drive to keep non-interest bearing cash reserves at a minimum. Thus,
as liquidity rose with the general level
of activity, corporations tended to invest in short-term Government securities rather than to accumulate money
assets. In the 2 years from mid-1958
CORPORATE LIQUID ASSET HOLDINGS
By far the most volatile aspect of As a Ratio to Corporate Sales
corporate financing is associated with
For ALL CORPORATIONS
changed working capital requirements.
Liquidity Not Much Changed
Note in table 1 that in the four upPercent
swings, additions to current assets have
10been quite sharp and in the t\vo most
recent instances—1956-57 and 1959—
60—'especially large. In contrast, during recession periods, expansion of
current assets is halted.
These swings are, of course, mirrored
5in the changing pattern of short-term
debt. It will be noted, however, that
in the upswing, the expansion of current
assets substantially exceeds the growth
of short-term liabilities, and that in the
i
I
recession period the continuing avail1956 1957 1958 1959 1960 1961
ability of new long-term resources permits sizable reductions in current liabilities while businesses are maintain- Percent
ing relatively steady their ownership 10 - For MANUFACTURING
For OTHERS
Well Maintained
CORPORATIONS, It Is Lower
of current assets.
Percent
-10
Features of current assets picture
As is well known, swings in inventory
investment are a major feature of
cyclical developments and such financing demands need no further review at
this point, except to note that in the
current period demand for increased
inventories at the moment is no longer
the large expansionary feature which
it has been in the most recent quarterly
periods. Corporations were adding
more than $4 billion a year to their
inventories in the past two years,
l
1956
1957 1958 1959 1960 1961
1
1956
Note.- Cash and U. 5. Govt. security holdings on June 30 as a percent of annual sales
* Estimated
U. S. Department of Commerce, Office of Business Economics
1957 1958 1959 I960* 1961
Data: SEC 8 QBE
60 - 10- I \
SURVEY OF CURRENT BUSINESS
October 1960
first and foremost, by the cyclical and
other special aspects which have featured working capital needs, and secondly, by changes in the income tax
laws.
As already indicated, the rapid expansion of current assets since the 1958
recession was through micl-1960 mir-
to mid-1960, cash resources were maintained stable at $34% billion and holdings of U.S. securities increased from
$15.3 billion to $21.7 billion.
Short-term financing
The recent pattern of short-term
corporate financing has been affected,
Table 3.—Sources and Uses of Corporate Funds, Annual, 1956—59; Half Years,
1956-60 i
[Billions of dollars]
2d h alf
1st half
1950
SOURCES, TOTAL
Internal sources, total
_ __
Retained profits 2
Depreciation
_ __
__ _
External long-term sources, total
Stocks
Bonds
-Other debt
Short-term sources total
Bank loans
Trade payahles
Federal income tax liabilities
Other
1957
1957
1958
1959
1960
1956
1957
1958
1959
42.5
30.7
53.1
16.8
17.9
5.2
26.1
20.7
31.1
24.6
25.5
27.0
28.0
8 9
19.1
26.3
6 1
20.2
30.6
9 1
21.5
14.1
5 6
14.6
5 2
12.0
2 1
15.3
4 0
11.3
13,7
4 9
88
13.4
3 7
9 7
14.3
9.9
15.8
5 2
10.6
14.8
3 9
10 9
11.1
3.2
12.0
3 5
10.9
3 6
9.7
3 7
5.1
1 2
6.0
2 2
5.6
18
4.6
2 1
6.0
13
38
18
2 7
14
17
17
.5
6.0
2 0
2 5
15
5.3
14
4.5
16
2 0
5.1
16
2 4
11
6 0
11 4
5 2
— 2 —1 3 —1 0
2 8
5 0
3 5
2.8
3.4
4.8
9
1
18
7 1
10
4 2
1.9
7.1
5.9
—6 4
—2 4
—1 5
-2.4
— 1
8.5
4.3
2.2
9.4
3.3
3.2
6
12 7 —2 4
2 6 — 12 4
21
2 4
1*6 — 1 4
5 _ 4 —5 0
6 3
2.4 -6.5 -5.0 -5.8
19
12
1 2
— 2
1.9
6
9
9
5 6
1 1
2 5
2 1 — 9
.5 -2.4
19
17
4 0
10 3
9
8
(3)
45.0
40.2
30.3
51.6
15.6
16.3
4.6
25. 1
18 7
29 4
23 9
25 7
26 5
37.5
29.9
34.8 23.1
32.7 26.4
2. 1 —3 3
33.0
27 7
5 3
18.2
13.6
4 6
17.9
15.6
2 3
10.3
13.0
—2 7
17.5
12.8
4 7
18.6
14 6
4 0
19.3
16 3
30
16.9
17 1
— 2
12.8
13 4
— 6
15.5
14 9
-2.6 -1.6
3.2
2. 1
_ 2 — 6
3.4
2 7
-5.6
— 1.8
—1 5
— 3
7.5
5.4
.2
2.9
2 9
10.1
5 6
16
4 0
7.0
2 4
1 4
10
12.9
4 6
1 2
3 4
11.1
5 2
2 7
2 5
—8 0 — 4 2
-2.2 -2.0
-5.8 -2.2
3 —4 5
—3 8
-.4 -1.5 -2.9
-3.4
1.8 -1.6
3 7
2.4
1.3
3 9
2'.1
1.8
7 3
2.9
4.4
3 5
1.4
2.1
10
2 4
2
— 5
7.6
7.5
Increase in financial assets, total
8.8
Receivables
1.4
Consumer
7.4
Other
Cash and U.S. Government
—4 3
securities
Cash (including deposits) . _
U.S. Government securities. -4! 5
— 3
.1
-.4
3 5
2.5
1.0
3^9
30
13
9
4 2
Other assets
1956
27.8
10 5
17.3
9 0
2 6
2 2
'3
5. 5
2 4
-1.7 -2.2
2 1
3.0
USES, TOTAL
1959
47.9
4.7
3.2
Increase in physical assets, total
Plant and equipment __
__
Inventories (book value)
1958
DISCREPANCY (uses less
-2.9
sources)
5.5
4.5
9
3.6
-2.3
7.2
2.8
— 3
3.1
18.6
10.6
2 8
7.8
0
Q
1
5
2 2
-.5 -1.5
-1.2
(3)
— 1.7
1
5 3
C3)
18
g
— 1 0 —2 0
—1 7
1 8
— 6
Q
1. Excludes banks and insurance companies.
2. Includes depletion.
3. Less than $50 million.
Source: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission,
and other financial data.
17
rored in a persistent demand for bank
credit, featured in particular by manufacturers' requirements. This industry—and more particularly, durable
goods producers—expended their shortterm bank borrowing at a relatively
steady pace until last midyear. With
inventory needs shifting as indicated in
the review of this subject elsewhere in
this issue, such credit needs have no
longer been pressing, and in the third
quarter of the year it appears that
manufacturers were reducing their outstanding bank debt.
Effect of tax law change
Since 1955 large corporations have
been required to change gradually to a
more pay-as-you-earn basis. As a result, through 1959 there was a more
than usual drain on working capital.
Now that the shift-over has been completed, tax payments in any year are
more closely related to current period
accruals.
The shift in payments has also served
to even out the flow of tax payments
from the extreme conditions prevailing
earlier when the entire amount of tax
due had to be paid in a half-year period.
Currently the law stipulates four equal
quarterly payments beginning in the
third quarter of the tax year. Some
seasonal influence still persists, however, because of difficulties in estimating
taxes before the full year results are
known.
Table 4.—Sources and Uses of Corporate Funds by Industry, Years Ended June 30, 1957-60
[Billions of dollars]
Manufacturing and mining
1957
SOURCES, TOTAL
Retained profits 1
Depreciation
External lone; -term sources 3
USES, TOTAL
Plant and equipment
Inventories (book value)
Receivables and miscellaneous assets
Cash and U S Government securities
DISCREPANCY (uses less sources)
1.
2.
3.
4.
1958
1959
1960
Raih oads
1957
1959
1958
24.6
11.0
26.2
21.9
1.1
7.6
9.2
4.4
3 4
4.5
9.9
3.0
-6.4
7.0
10.5
2. 1
6.6
5.9
11.0
1.5
3.5
2
()
.9
.1
.1
22.4
9.2
25.7
21.3
1.1
17.0
3.5
3.4
-1.5
15.0
-3.8
q
-L 1
11.9
2.6
6.3
4.9
1.3
2
C)
1. 1
-. 1
—.1
4
-2.2
-1.8
-.5
(-0
.4
14.
4.
3.
-1.
— .6
2
(-.2
)
Transportation other than rail
1960
1957
8.6
8.7
7.9
8.2
i! i
.4
(2)
.3
2. 7
5.Q
.6
2.9
5.4
.4
3. 1
3.8
.6
.4
3. 3
3.7
.8
1.6
1.7
2.0
2.2
8.9
9.7
8.9
8.8
21.5
1.5
(2)
2
(-')' "
1.4
C2)
.3
.3
1.9
.1
(-')' "
8.4
.1
.3
.1
9.1
C2)
.3
.3
8.5
C2)
.4
(-)
8. 7
(2)
.2
-.' 1
.3
.2
2
.3
1.0
1.0
.6
i!o
— .4
.5
1.2
1.0
1.1
(22)
.3
.2
()
.1
(2)
.1
Includes depletion.
Less than $50 million.
Includes stocks, bonded debt, long-term bank loans, mortgages and other long-term debt.
Includes short-term bank loans, trade payables, Federal income tax liabilities, and miscellaneous liabilities.
Source: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission, and other financial data.
560512°—60
3
1960
2.0
.1
1.0
.2
()
1959
—.1
1.2
.5
.4
1.5
_ 2
(*). 5
1958
1.8
.8
i
.9
-.1
.2
C2)'
1957
1960
—.1
1.2
.5
2
.9
2
— .1
.1
1959
1.4
.1
!52
1958
Public utilities and communications
BY SAMUEL PIZER AND FREDERICK CUTLER
Capital Outlays Abroad by IIS. Companies:
Rising Plant Expansion in Manufacturing
c
APITAL outlays abroad by U.S.
manufacturing companies are being
stepped up to a rate of $1.3 billion this
year, from an annual rate of under
$1.2 billion in 1958 and 1959. The
current rate is nearly equal to the
amount reported for 1957, the first
Comparison of Domestic and Foreign
Plant and Equipment Expenditures
By U. S. Companies - 1957-60
MANUFACTURING - More Moderate Swing
Abroad: Upsurge in Europe in 1960
Index, 1957 =100
120
5. Europe
100
80
60
PETROLEUM AND MINING - Foreign
Expenditures Continue Decline From
1957 High
Comparison With Domestic Outlays
120
100
Domestic
80
Foreign
V—
60
1957
1958
1959
1960
( Anticipated )
**" Excludes primary iron and steel and
petroleum and coal products
U. S. Department of Commerce, Office of Business Economics
18
year for which such information was
collected. Related information for capital flows from the United States and
reinvested earnings, which is available
over a long period, indicates that 1957
was a peak year for foreign capital
expenditures.
In contrast to the upturn in the
manufacturing industry, capital expenditures abroad by petroleum companies have declined from $2.3 billion
in 1957 to $1.6 billion in 1959 and a
like amount in 1960. Alining investments held steady at a little over $400
million in the 1957-59 period, but are
expected to be moderately lower in
1960 because of the completion of a
few large projects.
Information for other industries is not
collected currently in the same detail—
in the aggregate they amounted to
about $0.7 billion in 1957 and are estimated at $0.6 billion in 1959 and 1960.
For all industries combined, foreign
expenditures for plant and equipment
were $4.9 billion in 1957, and at a rate
of about $3.7 billion in 1959 and $3.9
billion in 1960.
60" 10 "13
For some U.S. manufacturing industries, foreign plant and equipment expenditures now form a sizable part of
their overall capital expenditure programs. As shown in the following tabulation, the proportion of foreign expenditures to total ranges from 10 to 25
percent in several major industries.
There is an overstatement in the foreign
figures for specific industries, since they
include acquisitions of existing assets
as well as new plant and equipment, but
this is not believed to be significant.
Also, the foreign figure includes the
share of foreign investors as well as of
the U.S. controlling interests.
Variations in the direction of domestic and foreign capital expenditures,
depicted in the first chart, reflect a
number of influences, both short-run
and longer term, although the period
for which comparable data are available
is too brief to establish consistent
relationships. For manufacturing investment, both domestic and foreign
outlays reflected, and in turn reacted
Expenditures for Plant and Equipment in
Selected Manufacturing Industries, 1959
[Amounts in billions of dollars]
Expenditures
Industries
Do-
Total mestic
l
For-
eign
Per-
cent
of
total,
for-
eign
Primary and fabricated metals - 1.13
Electrical machinery and equipment
.61
1.02
Machinery, except electrical
1.29
Transportation equipment
1.00
.13 1
12
.52
.91
1.03
. 09
. 11
.26
15
11
20
Paper and allied products
Chemicals and allied products. .
Rubber products
Food and beverages
72
L45
9
6
.91
.63
1.23
. 19
.83
.09
.22
.07
.08
13
15
27
9
Total, selected industries. 7.39
6.34
1.05
14
1. Excludes primary iron and steel producers.
upon, the downturn in industrial activity from 1957 to 1958, with foreign
expenditures declining less partly
because economic activity in major
countries abroad, except for Canada,
did not weaken significantly.
In 1959, on the other hand, domestic
expenditures were raised along with the
general level of economic activity, while
foreign outlays fell off slightly in the
face of strongly advancing economic
activitity in major industrial countries.
The explanation for this lies primarily
in continued declines in Canada, where
industrial production was recovering
slowly, and a sharp but temporary
drop in the transportation equipment
sector in the United Kingdom. Manufacturing outlays elsewhere were generally higher in 1959 than in 1958.
SURVEY OF CURRENT BUSINESS
October 191'K)
Outlays anticipated by manufacturing companies for 1960 turned strongly
upward both at home and abroad.
The notable feature of the foreign
situation, however, is the striking rise
projected for Europe. This rise is
probably in part influenced by the
continued upward movement of industrial production in Europe, even though
the curve is not so steep as in 1959.
Also important for this area, however,
is a longer run expectation of expanding
demand, and growing competition, as
well as some lag in implementing plans
formed last year.
The situation is considerably different
in the petroleum and mining industries.
Capital outlays abroad by the petroleum companies in 1959 and projected
for 1960 are larger than those of any
other industry, but have been declining
since 1957 as available supplies are
ample to meet expected demands.
Mining investments abroad have also,
at least temporarily, established adequate supplies of a number of metals
and minerals. However, domestic
petroleum outlays, although turning
upward since 1958, are still below the
level of the early 1950's, while foreign
expenditures by this industry are currently larger than in periods prior to
1956.
Upturn in Manufacturing Investment
U.S. manufacturing companies anticipate an increase of some 15 percent in
plant and equipment expenditures
abroad in 1960 as compared to 1959,
following a sharp dip in such outlays in
1958 and a further moderate decline in
1959. The 1960 upturn is broadly
based, as shown in the second chart,
affecting all major areas and industry
groups, though in varying degrees.
Canadian expenditures steady
Capital outlays in manufacturing in
Canada have been maintained at about
$400 million annually beginning in 1958.
In 1957 the total was much higher, but
this reflected exceptionally large outlays by a few companies in the paper
and pulp and primary metals categories.
U.S. direct investments are a large
element in manufacturing in Canada,
accounting for about 40 percent of
European plants expanding rapidly
capital outlays in these industries in
Outlays in Europe—over 40 percent that country in 1959 and in 1960, when
of the total—are rising sharply, both in both series are adjusted to a comparable
the Common Market countries and in basis. However, outlays by these U.S.
the United Kingdom. In the latter direct-investment enterprises have not
country, scheduled outlays in manufac- been rising recently while outlays for
turing of about $300 million for 1960 Canadian manufacturing as a whole
are about the same as the level attained have increased moderately since 1958.
in 1957, both in total and for major
commodities. About one-third of the
The basic data on sources and uses of
outlays are in the transportation equipfunds of foreign subsidiaries and
ment group, with the chemical and
branches of U.S. companies contained
primary and fabricated metals inin this article, and related data on the
dustries also reporting substantial
assets, liabilities, and ownership of
amounts.
these enterprises, were collected in the
comprehensive Office of Business EcoIn the Common Market countries
nomic census, the complete results of
capital expenditures by U.S. manufacwhich will soon be available in a
turing companies are now well above
supplement to the SURVEY OF CURRENT
the 1957 amounts, and are probably at
BUSINESS entitled U.S. Business Investa record rate. Transportation equipments in Foreign Countries, now at the
printer.
ment and chemicals are also major
The census benchmark data for 1957
fields for investment in this area, tohave been carried forward by the use
gether with various types of machinery.
of data made available currently coverAbout two-thirds of the outlays in the
ing a large proportion of the foreign
Common Market countries are in Gerinvestment activity.
many, and nearly one-fifth in France.
19
Continued rise in Latin America
Since 1957 U.S. manufacturing companies have increased substantially their
plant and equipment investments in
Latin America, reaching an anticipated
total of $234 million in 1960. Among
the products for which large outlays
are in progress are chemicals, transportation equipment, and electrical machinery.
Outlays are largest in Brazil, amounting to nearly $75 million in 1960. In
Argentina, expenditures rose, amounting to nearly $70 million in 1960, more
than double the 1957-59 average. A
sharp rise is reported for most industries
in Argentina, especially in transportation equipment.
In Mexico, capital outlays have held
steady at a little under $50 million
annually since 1957, and Venezuela has
also received a steady though smaller
PLANT AND EQUIPMENT
EXPENDITURES ABROAD
U. S. Companies Expand Foreign
Manufacturing Facilities
BY AREA
Million $
600
Europe
400
Canada
Latin America
200
Other Areas
J
I
I
I
BY INDUSTRY
400
-
200
1957
1958
1959
I960
( Anticipated )
U. S. Deportment of Commerce, Office of Business Economics
60-10-14
SUEVEY OF CURRENT BUSINESS
20
amount of investment.
For these
countries, and for Latin America as a
whole, the sums invested annually for
plant and equipment are much larger
than capital flows from the United
States, since the companies utilize other
sources of funds, especially retained
earnings, depreciation charges, and
local financing.
tries as Australia, Japan, and the Union
of South Africa, with steady expenditures in India and the Philippine
Republic. These countries together
account for all but about $10 million
of total manufacturing outlays by U.S.
companies in Africa and Asia.
Australia has been a leading field for
U.S. manufacturing investments for
many years, with 1960 expenditures for
Other countries
plant and equipment expected to be
Expansion of manufacturing facilities nearly $60 million, spread over many
in the rest of the world is concentrated commodity groups. Expenditures in
primarily in such industrialized coun- Japan, scheduled at about $25 million
Table 1.—Plant and Equipment Expenditures of Direct Foreign Investments, by Country
and Major Industry, 1957-1960
[Millions of dollars]
1957
1959
19 58
1960
MinMinMan- MinManMan- Mining
ing
ing
ing Petro- ManufacPetro- ufac- and
ufacand Petroand Petro- ufa cand
turturleum
leum
turleum
leum
tursmeltsmeltsmelting
ing
ing smelting
ing
ing
ing
ing
All areas, total
Latin American Republics,
total
Mexico, Central America
and West Indies, total
Cuba.
Mexico
______
Other countries
South \merica total
Argentina
-__
Brazil
Chile
Colombia
Peru
Venezuela
Other countries
421
2 322
1 347
421
1 875
1 180
430
1 574
1 141
358
1 575
1 314
163
584
561
172
510
404
240
378
379
240
390
382
196
993
173
202
533
210
125
412
226
48
346
232
32
(*)
13
(*)
43
32
(**)
11
53
17
36
(**)
46
(*)
7
(*)
19
6
]
12
66
19
47
31
(*)
8
C*)
*
24
11
1
12
55
10
45
12
(*)
6
(*)
27
10
1
16
56
9
47
950
120
156
514
144
388
171
39
319
176
8
8
28
83
30
8
(*)
25
95
290
9
29
114
3
28
10
(*)
20
67
74
164
_
(*)
Western Hemisphere dependencies
Europe, total
1
Other Europe, total
Denmark
Norway
Spain
_ _._
Sweden
Switzerland
United Kingdom
Other countries
.
_
_-.
International
.
"Included in area total.
30
46
2
9
369
580
176
269
2°
41
60
11
48
183
1
422
459
(**)
1
159
179
(**)
254
166
(**)
174
213
(**)
(**)
1
(**)
(**)
10
46
49
29
25
10
44
100
18
7
(**)
(**)
(**)
(**)
17
84
84
30
39
10
42
95
14
(**)
(**)
(**)
(**)
11
41
59
19
44
8
47
139
10
9
(**)
(**)
(**"l
(**)
(**)
(*)
116
319
(**)
168
293
( **)
165
920
6
2
3
5
3
4
299
3
11
f>
1
12
3
124
11
1
3
3
11
(**)
1
3
3
9
(*)
(*)
(**)
8
4
94
4
(*)
1
16
(**)
(**j
(**)
(**)
(*)
30
25
430
12
26
47
(**)
(**)
3
13
10
10
(**)
(**)
(**)
1
(**)
4
9
23
9
14
12
(*)
(*)
11
1]
(**)
16
6
10
14
(*)
(*)
1
264
57
9
261
144
3
119
54
(*)
(*)
13
13
_ _
2
433
50
(**)
1
Australia
50
339
1
497
Far East, total.
Oceania
12^
1
21
(*)
9
(*)
46
(**)
India
Japan
Philippine Republic. _ Other countries
1
41
(*)
46
(*)
1
(*)
275
Asia, total
Middle P.ast
3
56
(*)
(*)
20
2
(**)
North Vfrica
P.ast Africa
West \frica
Central and South Africa,
total
.Union of South Africa- .
Other countries
(*)
(*)
74
(*)
(**)
(*)
Africa, total
21
63
3
7
8
17
1
8
(*)
40
39
849
8
Common Market, total
Belgium and Luxembourg
France
Germany
Italv
Netherlands . _ _ _
(*}
12
(*)
(*)
(*)
(*)
26
(*)
87
**Less than $500,000.
6
28
18
2
21
48
9
f]
17
1
72
(*)
(*)
(*)
(*)
(*)
(*)
4G
8
44
8
36
(*)
15
is
(**)
4
277
3
(**)
26
19
193
•31 1
9-
(**)
J**j
18
3
99
3
204
4
o
99
33
25
65
6
21
121
1
36
1
4
9
1
(**)
(**)
90
10
10
9
9
20
6
14
Jl
(*)
(*)
5
5
(**)
IS
42
2
41
9
(**)
(**)
10
(**)
(**)
(**)
I
189
2
26
230
3
6
12
129
39
16
14
2
(**)
2
(*)
(*)
54
12
53
12
97
(*)
(*)
(*)
(*)
49
(*)
55
2
38
9
14
13
2
(*)
(*)
54
12
53
12
8
5
19
1
3
4
3
3
993
i
(**)
6
11
(*)
(*)
228
6
(**)
52
194
4
104
48
(*)
(*)
(*)
(*)
65
(*)
10
9
25
12
2
59
57
October 1960
in 1960, are especially large in chemicals,
while in the Philippine Republic the
emphasis is on food products.
Large Petroleum Outlays Abroad
Nearly $2 billion is being spent abroad
by U.S. petroleum companies in 1960 to
add to plant and equipment and for
development in all phases of the industry. This total includes $1.6 billion
classified as capital outlays and some
$400 million of exploration and development expenditure charged against income. The latter outlays are relatively
stable, and are based on the long-term
expectation of rising world demand.
Despite cutbacks since 1957, therefore,
this Industry continues to account for
a major portion of foreign investment
activity by U.S. business.
Exploration and Development Expenditures
of Petroleum Companies Charged Against
Income
[Millions of dollars]
1957
Total
Canada
Latin America
Europe
Africa
Asia
1958
1959
386
411
402
153
113
45
29
46
158
123
131
51
49
48
136
57
47
46
In some areas investments in the
petroleum industry are rising in 1960;
refinery expansion and other outlays
increased in a number of European
countries and in Australia, and development of new resources required larger
investments in North Africa. Capital
outlays were considerably lower in 1960
in Latin America, with the reduction
centered in Venezuela. Although plant
and equipment expenditures in Canada
have also declined, they remain at an
annual rate of nearly $400 million
annually, accounting for about one
quarter of the industiy's foreign capital
expenditures.
Mining outlays lower
Reduced capital expenditures by mining enterprises abroad in 1960 reflect
primarily the completion of a few large
projects. These reductions occurred
largely in Chile, Peru and Cuba; in
the last named country the existing
properties have recently been seized.
Mining investments in Canada account for two-thirds of the industry
total in 1960, and are expected to continue on a large scale. New projects
are also expected to bring an upturn
SURVEY OF CURRENT BUSINESS
October 1000
21
in trade and distribution, also added
After reducing inventories on balance moderate amounts to inventories and
in 1958, the foreign enterprises resumed receivables in 1959.
Other industries
Inventory accumulation was largest
a sizable inventory accumulation in
Investment by other industries, ex- 1959, amounting to $0.4 billion. Re- in manufacturing, paralleling the gencluding construction abroad by some ceivables also increased $0.5 billion in eral experience of industrial companies
shipping companies, is estimated at the 3^ear, and about $0.8 billion was in the 1959 business upturn. This inat about $0.6 billion in 1960. About used to acquire other assets. These dustry also accounted for most of the
half of these outlays are by firms in figures cover only the manufacturing, expansion in receivables and misceltrade and distribution, which have in- petroleum and mining companies. En- laneous assets, notably in European
creased their investment programs each terprises in other industries, especially operations.
year since 1957, and reported a sharp
increase in Europe in 1960.
Outlays by the public utilities have
dropped very sharply from the 1957
amount. In Canada, where pipelines
are an important part of this industry,
IN order to carry out the additions parent companies and others in the
some increase in expenditures is ex- to fixed and other assets described United States, and $0.9 billion by
pected. For Latin America the aggrre- above, the companies in the manu- foreign creditors and investors.
gate of capital outlays by the utility facturing, petroleum and mining inThe volume of financing utilized in
firms is declining rapidty, though not dustries required $4.8 billion of funds 1959 was $0.4 billion larger than in
in every country. Agricultural invest- in 1959. Over half of these resources 1958, mainly because of the step up in
ments, also important in Latin America, were provided by the foreign enter- inventory accumulations. In 1957 a
continue to drop, with large properties prises out of retained earnings of $0.9 peak amount of nearly $6 billion was
in Cuba seized by the government, and billion and depreciation and depletion necessary to pay for large expansions
operating problems remaining to be charges of $1.8 billion. External fi- of both fixed and current assets.
solved in other countries.
Enterprises in other industries obnancing of $1.2 billion was supplied by
tained about $1 billion in 1959, of
which nearly two-thirds was provided
out of retained earnings and depreciation charges.
for the industry in Latin America and
some parts of Africa.
Increase in other assets
Sources of Finandn
Table 2.—Plant and Equipment Expenditures Abroad by U.S. Manufacturing Companies, by Major Commodities and Areas, 1957-60
[Millions of dollars]
Paper
and
allied
products
Chemicals and
allied
products
Rubber
products
Primary
and
fabricated
metals
Machinery
(except
electrical)
Electrical
machinery
Transportation
equipment
Manufacturins;,
total
Food
products
1,347
1. 180
1 141
1,314
78
87
76
110
144
102
90
78
234
261
216
245
80
67
69
55
208
130
132
135
120
116
106
127
99
83
88
129
268
221
259
327
117
113
105
108
Canada
1957
1958
1959
1960
561
404
379
382
20
25
22
38
120
82
75
60
95
96
76
68
17
10
14
14
148
58
61
60
28
11
8
16
32
22
22
33
56
59
61
53
45
41
40
40
Latin America 1
1957
1958
1959
1960
174
211
228
234
16
22
14
28
11
8
5
7
49
51
56
71
17
18
17
15
15
17
17
9
3
4
3
2
22
15
15
36
20
50
83
51
21
26
18
15
179
166
213
269
10
6
17
14
4
4
3
3
26
22
22
36
3
5
5
4
11
7
12
37
53
64
66
14
18
20
24
61
36
59
93
13
15
16
17
319
293
220
311
20
19
11
17
4
5
4
5
48
19
23
25
15
26
40
37
39
44
41
25
34
20
12
15
20
110
61
36
107
28
21
18
24
115
106
101
118
12
15
12
13
5
3
3
3
16
21
13
20
24
11
8
8
8
10
15
8
7
6
9
11
16
16
16
21
15
20
23
10
10
13
12
All areas, total
1957
^ 1958
1959
1960
Europe:
Common market
1957
1958
1959
1960
Other Europe
1957
1958
1959
1960
Other areas
1957
1958
1959
1960
71
49
50
1. Includes minor amounts in European dependencies.
Note: Data for 1960 are based on anticipations of reporting companies.
Other
manufacturing
Internal Fund Sources
The largest and most consistent
source of funds for financing foreign
operations is the annual charge for
depreciation and amortization of existing fixed assets, including small
amounts of depletion charges. These
charges for the three major industries
amounted to $1.8 billion in 1959, and
are growing by some $150-200 million
annually. About $300 million a 3 ear
is also charged to depreciation by
enterprises in other industries.
At current levels depreciation charges
are equal to about 60 percent of foreign
plant and equipment expenditures. In
comparable domestic industries the proportion is much higher.
About $0.9 billion of the depreciation charges originate in the petroleum industry, including about $100
million of depletion charges. Latin
America accounted for one-third of the
total. In the aggregate, these charges
were equal to over half of this industry's capital expenditures, with the
SUEVEY OF CURRENT BUSINESS
22
Table 3.—Plant and Equipment Expenditures Abroad in Selected Industries, by
Area, 1957-60
[Millions of dollars]
Areas and industries
1957
1958
1959
Selected industries, total
Agriculture
Public utilities l
Trade
Miscellaneous
729
108
335
186
105
643
57
309
191
86
572
53
212
224
83
605
48
177
296
84
Canada, total
.
Public utilities
Trade
Agriculture and miscellaneous _ _
285
136
47
102
225
110
55
202
75
65
217
80
75
60
62
62
Latin America, total
Agriculture.-Public utilities
Trade
Miscellaneous
258
48
269
203
170
40
182
31
16
34
164
20
26
29
82
45
Europe, total
Trade
_
Public utilities and miscellaneous
125
107
94
87
109
102
148
141
55
58
70
16
18
14
14
24
13
14
35
14
Other areas -.
Agriculture
Public utilities i._
Trade
Miscellaneous
_
...
33
14
1960
14
18
61
9
24
12
16
1. Excludes expenditures of international shipping companies.
ratio higher in Latin America and Asia,
but lower in Canada where such expenditures were considerably larger.
Depreciation charges in the manufacturing enterprises at about $0.7
billion are growing rapidbr in line with
the expansion of the industry. In 1959,
as in the previous 2 years, this was the
largest source of funds for manufacturing exceeding reinvested earnings
and capital flows from the United
States.
Most of the depreciation
charges are in Canada and Europe,
where manufacturing assets are largest.
In the mining and smelting industry,
these depreciation and depletion
charges are comparatively small in the
aggregate, although in 1959 they were
about 40 percent as large as capital
expenditures.
Retained earnings
For the manufacturing, petroleum
and mining enterprises, retained earnings amounted to $0.9 billion in 1959.
This was somewhat larger than the 1958
amount, but much smaller than the
record $1.4 billion of 1957, when a
large part of peak earnings in petroleum
was retained abroad for investment.
Over $0.6 billion of the 1959 amount
was retained abroad by the manufacturing companies. Earnings in this
industry reached a new high in that
year, and 60 percent of the increase, in
the aggregate, was reinvested. The
increased availability of funds from
this source was especially important in
Canada.
For the petroleum enterprises, the
amount of income considered to have
been remitted has remained fairly
steady in the 1957-59 period. Earnings of the industry were much higher
in 1957 than in subsequent years, and
about half of the total was retained
abroad to finance peak foreign outlays.
With investments considerably lower
thereafter, the companies have relied
primarily on other sources of funds.
Earnings of mining companies rose
sharply in 1959, with most of the increase retained abroad for investment.
External Financing
The three major industries, mining,
petroleum and manufacturing, obtained
about $1.2 billion of financing from
U.S. investors and creditors in 1959.
As shown in table 4, this was a small
increase over the 1958 amount, with
manufacturing enterprises in Europe
responsible for most of the rise.
This category of the sources of
funds accounts corresponds, with some
modifications, to the data for capital
outflows included in the balance-of-payments accounts. In both 1958 and
1959 these capital outflows were substantial, but were only about one-third
as large as outlays abroad for plant and
equipment. Increased cash flows from
other sources tend to reduce reliance
on transfers of funds from parent companies except when major projects are
undertaken, or there is a sharp fluctuation in working capital requirements.
Of course, new enterprises are financed
largely by parent companies In the
aggregate, the increase in funds supplied from the United States between
1958 and 1959 provided about 30 percent of the overall increase in funds
required.
In addition to the increased financing
from the United States of manufacturing operations in Europe, the flow to
this industry in Canada was also raised
in 1959. The aggregate flow to petroleum enterprises was unchanged;
the amount provided for Canadian
operations was lower, in line with reduced investment activity, while somewhat larger amounts flowed to Europe
and Latin America.
October 1960
SOURCES AND USES OF FUNDS
Direct Foreign Investments
SOURCES: Operations of the Foreign
Affiliates a Major Factor in Financing
Billion $
I
2
3
Internal SourcesRetained Earnings
and Depreciation
Funds From U.S.
Funds Obtained
Abroad
USES: Resources Are Used Principally
To Enlarge and Improve Productive Facilities
Plant and
Equipment
Expenditures
Inventories,
Receivables, and
Other Assets
NOTE.— Includes only the manufacturing mining and petroleum
industries.
U. S. Department of Commerce, Office of Business Economics
60-10-1.3
Funds obtained abroad
Foreign creditors and investors provided about $0.9 billion in 1959,
slightly less than in 1958. Petroleum
companies sharply reduced their use
of local financing; in Canada and
Europe the reduction reflected a lower
rate of investment in fixed and other
assets, while in Latin America part
of the shift from 1958 was related to
payments of tax liabilities accrued in
1958.
A large increase in external foreign
funds employed in the manufacturing
enterprises was reported in Europe, and
a smaller increase occurred in Canada.
In both cases the financing appeared
to be related largely to mounting working capital needs.
SURVEY OF CUERENT BUSINESS
October 1060
Assets and Financial Structure
A MAJOR objective of the Office of
Business Economics census of foreign
business investments was to obtain new
data on the assets employed by the
direct-investment enterprises, and to
examine their financial structure.
Total assets employed by U.S. directinvestment enterprises abroad were
nearly $42 billion in 1957, excluding
assets of financial organizations and
after consolidating investments in affiliated foreign enterprises.
Financing of these resources was
divided between U.S. parent companies
and other U.S. residents, that had $24
billion invested, and local investors
abroad that provided $18 billion. The
U.S. ownership was mainly in the form
of equity interests in stock, surplus, and
branch accounts, while foreign investors
financed most of the debt of the enterprises.
Assets employed in 1957 were $23
billion larger than the 1950 total of
$19 billion. The U.S. investment in
these enterprises (excluding finance)
rose $13 billion in the period, and the
firms utilized $10 billion of financing
obtained abroad. The latter figure includes the share of foreign investors in
undistributed earnings.
Fixed assets
About half of the assets employed
abroad consisted of fixed assets, after
deducting reserves for depreciation and
amortization; current assets accounted
for 43 percent, and miscellaneous assets,
for 7 percent. Gross fixed assets, before
deducting reserves, were over $32 billion.
About 40 percent of the gross assets
were utilized by petroleum companies
and 30 percent in manufacturing.
Alining and public utility enterprises
each accounted for somewhat over
10 percent.
Depreciation
About 36 percent of the value of fixed
assets was set aside in reserves for
depreciation, amortization and depletion of the underlying plant, property
and equipment. The ratio was somewhat higher than this average in manu
23
ables, and inventories. About 45
percent was held by manufacturing
companies, and nearly 30 percent by
the petroleum industry.
Current assets made up 30-34 percent
of total assets in the extractive industries, around 55 percent in manufacturing, and about 70 percent for the
trading
companies. These
ratios
tended to be higher than those in comparable U.S. industry groups, although
the general pattern was quite similar.
In domestic firms holdings of government and other securities tend to be
much larger proportionately than equivalent assets on the foreign books. If
facturing and mining, and, as usual,
much lower in public utilities.
In general, the ratio of reserves to
fixed assets is lower in the foreign
direct-investment enterprises than in
comparable industries in the United
States.
Current assets
Nearly $18 billion of current assets
were held by direct-investment enterprises in 1957, including cash, receiv-
Table 4.—Sources and Uses of Funds of Direct Investment Enterprises, by Area and
Selected Industry, 1957-59
[Millions of dollars]
SOURCES OF FUNDS
Area and industry
Total
1957
All areas, total -__
1958
Funds from
United States
Net income
1959
1957
1958
1959
1957
1959
1958
1957
1958
7, 584 6,273 6, 732 3,063 2,611 2,843 1,702 1,065 1,181 1, 429
854
Mining and smelting.
657
746
329
242
372
234
Petroleum
4,301 3, 278 2,886 1, 738 1, 325 1,196 1,043
Manufacturing.. .
2,537 2,338 2,992
996 1,044 1,275
425
Depreciation
and depletion
Funds obtained
abroad !
1957
1959
1958
1959
982
937 1, 390 1,615 1,771
227
529
309
184
528
469
19
832
578
43
594
345
136
248
553
163
688
539
145
830
640
162
914
695
Canada, total
1,863 1,603 1,833
Mining and smelting.
225
395
269
Petroleum .
764
616
439
Manufacturing
762
999
830
662
117
150
395
541
62
76
403
717
112
99
506
480
77
213
190
423
78
234
111
376
121
112
143
234
11
231
-8
131
35
128
-32
184
95
39
50
487
64
170
253
508
50
178
280
556
67
189
300
Latin America, total
2,472 1,655 1,470
Mining and smelting.
342
343
387
Petroleum
919
702
1,625
394
Manufacturing
460
425
930
125
660
145
653
127
409
117
655
187
333
135
864
159
582
123
272
130
75
67
238
36
132
70
330
24
159
147
295
10
135
150
106
46
-90
150
348
79
224
45
435
75
300
60
471
74
327
70
Europe, total
1,560 1,547 1,875
Mining and smelting.
10
10
10
574
648
578
Petroleum
Manufacturing
.
889 1,287
976
507
10
155
342
503
8
105
390
620
8
116
496
238
1
162
75
162
1
65
96
381
(*)
150
231
513
-3
149
367
519
(*)
356
163
445
1
144
300
300
1
107
192
363
1
122
240
429
i
168
260
Other areas, total
1, 691 1, 468 1, 554
106
Mining and smelting .
80
80
1,339
1,095 1, 167
Petroleum
293
Manufacturing
272
281
964
77
773
114
914
45
735
134
851
65
648
138
120
-3
86
37
208
18
155
35
186
27
134
25
352
-13
293
72
37
-2
-25
64
202
—6
155
53
255
19
187
49
309
19
230
60
315
20
230
65
USES OF FUNDS
[Millions of dollars]
Total
Area and industry
1957
All areas, total .
1958
Property, plant,
and equipment
1959
1957
1958
Inventories
Receivables
Other assets
1959 1957 1958 1959 1957 1958 1959 1957 1958
1959
Income paid
out
1957
1958 1959
7,584 6,273 6,732 4,090 3,454 3,091 637 -36 378 705 362 500 508 622 814 1,645 1,8^1 1,949
Mining and smelting .
854
746
657
421
417 45 -30 37 24 20 70 34 37
420
Petroleum.
4,301 3,278 2,886 2,322 1,854 1,554 265 -58 —8 467 166 65 296 178 189
M anufacturing
52 349 214 176 365 178 407 548
2, 537 2, 338 2,992 1,347 1, 180 1,120 327
85 1% 202
9 -2 50
41 25 — 5
35 173 157
333
70
66
197
321
59
47
215
352
61
58
233
84 — 19
30 15
16 -48
38 14
417
84
277
56
511
101
356
54
480
134
288
58
61 187 392
i
1 (*)
16 41 86
46 145 306
283
8
107
168
291
10
95
186
383
11
125
247
50 40 175 155 239
8 12
10 20 -31
10 (*) 185 96 156
30 20 21 51 71
612
60
502
50
748
40
640
68
734
47
615
72
Canada, total
Mining and smelting
Petroleum.
Manufacturing
1,863 1,603 1,833 1,308 1,086
163
172
269
225
395
764
616
584
439
510
762
561
404
830
999
997 124 -92 164 13
5
240 22 -5 18
378 49 -22 -4 24
379 53 — 65 150 -16
Latin America, total
Mining and smelting
Petroleum.
Manufacturing
2,472 1,655 1,470 1,429 1,000
216
221
387
342
343
919
702 1,039
577
1,625
202
394
174
460
425
9 89 292 51
825 147
151 21 -20 18 10 10
462 59 -20 -30 196 -10
49 101 86 51
212 67
Europe, total
1,560 1,547 1,875
Mining and smelting.
10
10
10
Petroleum.
574
648
578
Manufacturing
976
889 1, 287
774
2
275
497
422
460
1,691 1,468 1,554
Other areas, total
Mining and smelting.
80
80
106
Petroleum
. ... 1.339 1,095 1, 167
Manufacturing
272
293
281
579
40
424
115
486
27
345
114
882
1. Includes miscellaneous and unidentified sources.
"Less than $500,000.
92 118
1 26
56 12
35 80
95 187
25 57
30 54
40 76
18 94 198 169 247
759 243
i
1 (*) (*) -1 -1
(*)
5 86 110 23
339 90 -20
38 89 113 60 225
420 152
510 123
1
26
375 67
109 55
29
-5
4
30
31 202
1 10
21 161
9 31
222 210 253
952 1, 138 1,086
471 523 610
SURVEY OF CUEEENT BUSINESS
24
all nonfixed assets are combined, the
ratios for domestic firms and foreign
investments in the same industries are
fairly similar.
Financial Structure
The financial structure of the ownership of the foreign enterprises is unlike
that of domestic industry because of
the importance of intercompany accounts and branch accounts with parent
companies in the United States. Of
total foreign assets of nearly $42 billion, some $18 billion represented debt
(including debt to parent companies)
and $24 billion represented equity
investments, counting branch-head office accounts as the equivalent of equity
interests.
Liabilities—About 55 percent of the
liabilities were short-term, although
this ratio was considerably lower in
Canada and higher in Europe. Among
the industries, the ratio of current to
total liabilities was relatively high in
agriculture, manufacturing, and trade,
and low in public utilities and mining.
Long-term debt of $5.4 billion was
concentrated in Canada, where subsidiaries in several industries were able to
obtain a relatively large proportion of
their capital from local and U.S. capital
markets. In Canada, and a few other
countries with sizable capital markets,
there is a substantial demand for marketable debt of these enterprises at
interest rates comparable to those in the
United States.
Equity—Of the $24 billion of equity
ownership of the foreign enterprises,
about one-fourth is represented by
branch accounts, and the remainder by
capital stock and accumulated surplus
accounts. About 60 percent of the
combined total of stock and surplus is in
the latter, indicating the importance of
retained earnings as a source of financing. In addition, reductions in asset
values resulting from currency depreciations, as well as occasional capitalizations of surplus accounts, tend to result
in an understatement of the contribution of retained earnings to the accumulated equity position.
Technical Note
The basic data on sources and uses of funds
contained in this article are derived from the
complete Office of Business Economics census
for 1957, to be published in U.S. Business
Investments in Foreign Countries, and annual
reports prepared by about 200 U.S. companies
October 1900
Table 5.—Assets, Liabilities and Net Worth of Direct Investments by Area and Industry, 1
1957
[Millions of dollars]
Assets
Area and industry
All areas, total
InCur- vest- Fixed
rent ments asin sets,
assets affili- at
ates cost
17 870
Agriculture.
Mining and smelting
Petroleum
Manufacturing
Public utilities
Trade
Miscellaneous
Canada, total .
Agriculture
M ining and smelting
Petroleum
Manufacturing
Public utilities
Trade-Miscellaneous
Latin America, total
Agriculture
Mining and smelting
Petroleum. . _
Manufacturing
_ ._
Public utilities
Trade
Miscellaneous.
Europe, total
Agriculture _
Mining and smelting
Petroleum _
Manufacturing
Public utilities
Trade
Miscellaneous
Other areas, total
Agriculture _
Mining and smelting
Petroleum
Manufacturing.
Public utilities
Trade..
Miscellaneous
Liabilities
Surplus
CurLess:
Other
Total
CapiLongand Branch Total
Other
Total rent
Resuracnet
lated
as- liabil- term liabil- liabil- tal
sets sets ities debt ities ities stock plus counts worth
rereserves
serves
778 32 9.7 S 11,522 3, 066 42, 470 10, 237 5,437 2,450 18, 123 7,737 10, 455
6,156 2 !, 348
237
190
271
28
47
187 1,193
518 1,087
483
1,696 1, 160 6, 187 2, 116 2,754
676 6,624 3, 275 4, 763
1,660
918
507
170 1, 833
1,212
521
787
147 1, 356
139
693
286
200
83
201
557 5,737 2,477 4, 974
2, 840
70
31
112
25
6
234
636
477
87
191
716
888
131 1,329
812
972 2, 736
242 2,607
1,090
337
177
34
653
533
124
295
46
381
83
62
131
220
13
105
695 4,298 2,040 1,681
993
139
149
126
21
20
283
398
101
195
35
607
320
350 1. 323
123
800
335
117 1,010
127
470
837
85
93
477
216
156
425
58
20
54
155
30
21
31
673 4, 753 2,258 2,053
725
1
1 (**)
(**)
33
13
33
9
684
386
296
340 1,652
277 2,441 1, 263 1, 319
353
14
-1
24
14
192
226
25
32
423
111
178
71
29
963 1, 745
525 3, 336
878
1
16
19
33
2
150
154
284
61
87
874
338 1,883
396
464
374
566
240
90
38
319
96
246
42
188
49
127
50
12
13
36
13
30
140
15
799
2 669
Si 563
8 374
1. 799
1, 589
556
8, 307
144
1,047
\U 2.117
3 "88
537
§
470
51
204
11
3, 848 7,588
334
599
87] 1. 255
2, 005 2, 932
15C 1 291
316
871
503
131
117
33
175 4,486
1
(**)
8
54
50 1,120
37 2,619
31
18
464
47
197
15
1,277 3,985
55
3
311
1,123 2, 393
677
63
359
18
152
38
433
145 1,036
162
307
16 1.000
524
348 3.862
1,285
38 3, 498 1,307
22? 12,823 4. 623 1, 366 14,750 3. 332
4. 962
8, 207
322 9. 643 3, 826
651 14, 997 4,288
818
570
218 3. 632
46 3.616
451
283
1, 980
96
987
165 2. 945 1,070
558
174 1,249
712
232
38
410
5, 518
886 14,044 2,340
307 1 1, 330 3, 997
212
62
214
60 (**)
40
22 1. 208
539
462
199
2,? 1,525
894
827
205 3, 446
65 3. 109
385
3,151
184 4. 971 2, 1 75
263 6. 395 1,274
142
279
105 1,191
6 1. 216
87
551
356
109
37
851
253
16
181
83
56
424
12
258
102
781 11,866 2,610
4,142
157 10,627 3, 843
213
709
330
140
748
16
108
678
455
1 1. 801
75 1,654
168
261 4. 254
1, 149
4, 673 1 . 886
849
410
1,283
14 1. 266
147 2, 301
765
60 1 709
422
226
3 1,842
267
679
202
73
928
68
347
53
134
138
32
273
104
12
609 9, 239 3, 356
5,127
174 5,221 1,892
2
1
1 f**'i
1
(**)
g
30
39
21
70
87
302 2, 772 1. 016
694
1.343
1 , 795
193 5,060 1.811
3.029
113 2, 729 1, 004
g
8
22
38
55
50
78
888
366
366
528
21
53
374
131
162
223
13
788 7,321 1,932
3, 083
142 5,101 1,792
1
41
71
33
13
78
596
136
47
252
136
14
420
599 4.278 1,081
1, 576
72 3. 246 1,216
48 1,241
238
437
742
11
678
50
679
89
180
519
108
37
279
22
10
103
222
63
6
2
32
178
76
30
73
96
*Less than $500,000.
1. Excludes finance and insurance.
Note: Investment in affiliates appears in the accounts of the primary
of assets (and liabilities and net worth) of this amount.
"~"j>
covering each of their foreign subsidiaries and
branches, supplemented by published reports
for certain foreign corporations. In addition,
quarterly reports supplied by a larger group
of companies for use in the balance-of-payments accounts were used to broaden the
coverage of data on earnings and capital flows
from the United States.
Plant and equipment expenditures
A measure of the coverage of total capital
expenditures provided by annual reports to
the Office of Business Economics and supplementary data is given in the following tabulation:
Ratio of Plant and Equipment Expenditures
of Reporting Companies to Estimated
Totals for Specified Industries, 1959
[Percent]
Mining
and
smelting
Area
All areas
Canada Latin America
Europe
Other areas _ _
_ . ...
0)
Petroleum
Manufacturing
77
80
48
85
69
72
81
89
49
40
54
40
50
Net worth
1. Absolute amount not significant.
Other assets
Increases or decreases in inventories, receivables, or other assets held by the foreign
enterprises are estimated by relating the
changes reported by the sample companies to
total changes reported in the 1957 census.
As for other uses and sources of funds, the
foreign enterprises are sorted into industry-
338
1. 064
3,692
335
374
281
70
856
<*v
II
foreign enterprises, and represents a duplication
country cells, and within these cells are further
stratified by size where a few large enterprises predominate.
Sources of funds
Data for earnings, income paid out, and the
residual amount of retained earnings, are related to the estimates prepared for the balance
of payments accounts, but differ in the following respects: (1) the share of foreign investors
as well" as U.S. owners is included in the earnings data in the sources and uses series, (2) the
balance of payments series includes interest
in income receipts, but withholding taxes
abroad are deducted, and (3) in the balance
of payments series all branch earnings are
deemed to be paid out, but in the sources and
uses series, earnings are deemed to be paid out
only to the extent they exceed the increase in
net foreign assets of the branches. This treatment of branches results in a lower figure for
income paid out in the sources and uses series,
a larger figure for retained earnings, and a correspondingly lower figure for funds obtained
from the United States.
The data for funds obtained from the
United States, as given in the sources and uses
series, differ from the balance of payments
series mainly because of the treatment of
branch earnings described above, and because
certain funds supplied by U.S. residents other
than parent companies are included.
Financing obtained abroad is a mixture of
accrued liabilities of various kinds, as well as
increased current accounts payable and longterm debt or equity financing. Into this category also fall any discrepancies between the
estimates of the various other sources and
uses of funds.
BUSINESS STATISTICS
J_ HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. 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.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August September
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT t
Seasonally adjusted quarterly totals at annual rates: f
National income, total
-bil. of dol.-
399.4
402.8
414.4
419.4
Compensation of employees, total
_ - _ - do __
Wages and salaries, total
- .-do.
Private
_ _
-- do. _.
Militarv
do
Government civilian
- ___
__do
Supplements to wages and salaries . _ _ do
279. 5
259.7
214.2
9.9
35.7
19.8
281.6
261 5
215.6
9 8
36.1
20 1
290
268
222
9
36
21
2
7
1
9
7
5
295
273
225
10
37
21
0
1
5
0
6
9
297. 2
274 9
226. 0
10 1
38 8
22 3
Proprietors' income, total cf
-do___
Business and professional cf --do _ _
Farm
_-. .
_
_ ._ _
do ___
Rental income of persons
_
do. _
Corporate profits and inventory valuation adjustment, total
bil. of dol_Corporate profits before tax, total. .__ - do. Corporate profits tax liability __
do. _
Corporate profits after tax . _ _ - -_do_ _.
Inventory valuation adjustment
- --do _
46.1
35.0
11.1
12.4
46.3
35.1
11.2
12 5
46
35
10
12
0
4
6
5
48
36
12
12
1
0
1
5
48 3
36. 1
12 2
12 5
44.9
45.3
22.3
22.9
— .4
45.5
44.8
22.1
22.7
48.0
48 8
23 8
25 0
8
45
45
22
23
3
7
3
4
4
Net interest.
__ __ _ _ _ . _ _ ..do. _.
Gross national product, total..
._ - do_ _.
Personal consumption expenditures, total. . .do __.
Durable goods
. _ _ _ _ _ _ _ _ _ d o - _.
Nondurable goods _ _ _ _ _ _ _ _ -_do- .
Services _ . __ _ _ _ _ _. _ do _.
Gross private domestic investment, total
do
N e w construction
_ _ _ _ _ _ _ _ _ _. do. _
Producers' durable equipment
- - do_
Change in business inventories._. -_do. -
16.5
16.9
17 8
18 5
481.4
486.4
501 3
505 0
316. 0
319.6
43.5
149 6
126.6
323
44
150
128
329 0
44 5
153 5
130 9
44.0
148.0
124.1
67. 5
41.1
26.5
3
2
5
6
-.1
70.8
39.4
26 8
4.7
79 3
40.8
27 1
11.4
75
40
29
5
5
7
5
3
Net exports of goods and services
do
Exports
_ _ - - _ - _ __-do __
Ini ports
do
Government purchases of goods and services, total
bil. ofdoL.
Federal (less Government sales)
do
National defense?
- -. . . do _
State and local
do
24.0
24.2
— .4
23.5
23.9
12
25.2
23 9
2 0
26 4
24 4
98.1
53. 6
46.1
44.5
96.4
52.5
45.5
43.9
97
51
44
45
98
51
44
46
Personal income, total.. _ __ _ _ _ _.. _ do __
Less: Personal tax and nontax payments
do. Equals: Disposable personal income
do
384.8
46.3
338.5
389 0
46. 5
342.4
396 2
49 2
347. 0
404 2
50 0
354 1
22.5
22.8
23 7
25 2
426.3
429. 1
440. 5
442 2
290.8
41.2
139.5
110.1
292.8
41. 1
140.5
111.2
294 8
41 8
141. 1
112 0
298 3
41 9
143. 2
113 3
56.7
35 0
21.7
.0
59.4
33 4
22.2
3.8
66.2
34 0
22.4
9.8
62.8
33 8
24.2
4 8
Personal saving §
do
5
8
9
7
19 1
6
7
7
9
GNP in constant (1954) dollars
Gross national product, total
bil. of dol__
Personal consumption expenditures, total. _ do
Durable goods
do
Nondurable goods
do
Services
- _. __ _ _ _ _
_ do
Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories
do
do
do
do.
Net exports of goods and services
do
Government purchases of goods and services, total
bil. of dol_-
-1.7
80.5
— 1.5
78. 5
42. 3
36.2
79.6
80.3
41.8
41.8
38.6
37.8
in-n
- .
.
tional income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May
19o9 for personal income) appear on pp. 8 ff. of the July 1960 SURVEY.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted
.Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
State and local
5G65120— 60
do. .
37.0
S-l
SURVEY OF CURRENT BUSINESS
S-2
October I'.iGO
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August pxr
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE*
Seasonally adjusted, at annual rates :t
Total personal income
bil. of dol
Wage and salary disbursements, total
do
Commodity-producing industries, total — do
M anufacturing only
.
do
Distributive industries
do
Service industries
do
Government
do
Other labor income
- do
Proprietors' income:
Business and professional
do —
Farm
do
Rental income of persons
do
Dividends
_ _ _ do
Personal interest income
do
Transfer payments
- do
Less personal contributions for social insur do
Totol nonagricultural income
do
383.3
384.3
384.3
388. 7
393. 9
395. 7
395. 7
397.0
401.9
404.7
406. 1
407 3
r
408 2
408 4
258. 6
105.8
83.8
69.2
38.0
45.6
10. 3
259. 0
106. 1
84.3
69.1
38.1
45. 6
10.3
258. 6
105.6
83. 5
68. 8
38.5
45.7
10.4
260. 8
107.0
84.5
69.1
38.8
46. 0
10.5
265. 0
110.4
87. 6
69. 4
39. 1
46. 1
10.5
268. 2
112.6
89.4
69. 9
39.4
46. 3
10.6
268. 6
111.9
89.0
70.3
39. 8
46.5
10. 7
269. 3
111.6
88.8
70.8
40. 0
46.9
10.8
271.7
112.1
88. 6
71.8
40. 5
47.3
10 8
273. 6
113.3
89.5
72.0
40.7
47.6
10.9
274.0
112.9
89.2
72.2
41.1
47.8
11.0
275.1
112.8
88.7
72 4
41.3
48 5
11. 1
275.1
r
111.5
^87. 7
'72.9
41.6
49 0
11.2
274.7
111.0
87.2
72 7
41.8
49 2
11.2
35. 0
10.7
34.9
10.4
35.0
10.1
35. 1
11.2
35. 2
12.3
35. 5
11.3
35. 5
10.4
35.4
10.1
35.7
11.7
36.0
12.1
36.2
12.5
36.2
12 0
12.4
13.6
23.8
26.7
7.8
12.5
13.8
24.0
27.2
7.9
12.5
13.8
24.2
27.4
7.9
12.5
13.8
24. 5
28.2
7 9
12.5
1 3. 6
24.8
27.9
8.0
12.5
13.9
27.7
9 2
12.5
13.9
25. 5
27.7
9. 1
12.5
13.9
25. 9
28 3
9.2
12.5
13.9
2(5.2
28. 6
9.2
12.5
13.9
26.5
28.4
9.3
12.5
13.9
26.8
28.5
9.3
368. 9
370.1
370. 3
373. 5
377.4
380. 2
381.2
382. 7
385. 9
388.3
389. 3
r
12 ^
36. 1
12.2
12 5
13.9
27 1
28.7
9 3
12 5
14.0
27 4
29.1
9 4
12.5
14.0
27.5
29.5
9.3
391 1
'391.8
392. 0
r
36. 1
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
Ml industries
bil. of dol
D i ablp poorts industries
N endurable goods industries
do
do
^M in ing
do
T
n tnt'rvn othp than rail
Public utilities
Commercial and other
do
do
do
Seasonally adjusted quarterly totals at annual rates:
\ 11 industries
bil of dol
Manufacturing
NT
d
bl
do
nod
' rl
t IPS
do
Mining
Railroads
do
do
Public utilities
Commercial and other
do
do
1
8.32
8 99
7.89
9 28
9 30
* 9. 91
3.02
1 44
1.58
3. 57
1 74
1.83
3.09
1 55
1. 54
3 76
1 88
1 88
3 60
1 79
1 81
2 04
.26
.28
54
1.48
2.74
.27
22
55
1 51
2.87
.22
25
47
1 18
2.68
27
29
55
1 42
2 99
27
?8
54
1 62
3 00
29
25
56
1 68
3 04
33.35
33.60
35 15
36 30
i 36 9
12. 25
5 85
6 40
12.85
6 15
6 70
14. 10
7 15
6 95
14 70
7 40
7 30
14 6
7 3
7 3
14 8
7 3
1.00
1.30
2 15
5.60
11.05
1. 05
.85
2 15
5. 50
11.20
1.00
1.00
2 00
5 75
11.35
1 05
1 10
2 15
5 70
11 60
1 i
1 i
2°
6 0
11 9
1 i
1.0
4 10
2
36 9
6 1
11 8
FARM INCOME AND MARKETINGS^
Cash receipts from farming, including Government
payments total
mil of dol
Farm marketings and CCC loans, total _ _. _ do
Crops
do
Livestock and products, total 9
- do
Dairy products
do
Meat animals
- -- - - do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
411 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
2,792
3, 351
4, 048
3, 669
3, 040
2,747
2.093
2, 169
2,211
2 316
2 509
2 754
3 023
2,760
1,253
1, 507
374
883
235
3,321
1, 646
1, 675
372
1,034
253
3,898
2, 099
1.799
390
1,120
273
3, 528
1 , 928
1, 600
375
944
268
2,993
1,535
1,458
388
793
256
2,696
1,246
1,450
381
834
208
2.059
689
1,370
368
776
200
2.150
583
1. 567
406
906
236
2, 199
675
1 , 524
399
824
268
2,298
672
l,62f>
431
894
265
2,464
905
1,559
413
875
246
2, 687
1 236
1,451
399
779
256
2 991
1 413
1, 578
384
911
268
113
117
111
136
154
123
160
196
132
145
180
117
123
143
106
111
116
106
85
64
101
88
54
115
90
63
112
94
63
119
101
84
114
111
116
106
123
132
116
128
128
128
152
168
141
187
228
156
169
204
144
142
156
132
131
134
128
100
74
120
98
53
131
98
59
128
104
58
138
116
9(0
135
128
132
126
143
149
138
INDUSTRIAL PRODUCTION f
Revised Federal Reserve Index of Physical Volume
Unadjusted, total index (including utilities)!
1957=100.By industry:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
_ _
do
Utilities
do
By market grouping:
Final products total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
.
_
do
do
do
do
do
103
105
105
104
107
111
111
111
110
109
109
M03
107
103
93
115
92
105
97
116
91
106
98
117
92
104
97
113
96
107
107
107
98
111
111
111
97
112
112
112
96
111
110
113
95
110
108
114
97
110
107
115
97
110
106
116
98
103
107
T
98
117
r
98
109
113
99
117
100
110
114
107
117
102
112
117
121
116
101
106
109
101
112
100
106
108
111
108
103
111
115
124
112
104
112
115
126
112
104
112
114
122
112
106
111
115
120
113
104
111
115
120
113
105
112
116
!21
115
104
r
r
r
98
109
r
94
f 108
p 108
F 101
p 117
"98
107
110
104
111
p 113
r lift
r- 118
*> 111
112
102
r
r
98
121
101
"120
*- 102
r 103
Materials
do
97
100
99
108
102
110
107
110
f 105
100
109
108
111
r 97
91
90
Durable goods materials
do
88
94
107
110
f 99
106
105
104
108
96
110
109
109
Nondurable materials
do
107
109
110
112
111
111
111
112
111
108
r 104
* 111
r
2
Revised.
*> Preliminary.
i Estimates for July-September 1960 based on anticipated capital expenditures of business.
Estimates for October-December 1960 based on anticipated
capital expenditures of business. Anticipated expenditures for the year 1960, and comparative data for 1958-59, appear on p. 8 of the September 1960 SURVEY.
{See note marked "f" on page S-l.
cfRevised beginning 1958; revisions prior to May 1959 will be shown later.
9 Includes data not shown separately.
tRevised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), seep. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Reserve Bulletin and the separate Federal Reserve publication, "Industrial Production: 1959
Revision" (available from the Board of Governors of the Federal Reserve System).
SURVEY OF CUREENT BUSINESS
October 1!)GO
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-3
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
Au^t str
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Eeserve Index of Physical Volume— Con.
Seasonally adjusted, total index (including utilities) f
1957=100-.
By industry:
Manufacturing total
do
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
-
103
109
111
110
109
109
110
109
110
104
104
102
102
109
112
110
110
109
110
110
110
98
105
88
84
108
106
108
v 107
109
v 107
106
104
r 85
r 82
r 7(}
v 1 0'^
v 79
p 7'-}
P 105
P 104
97
45
30
106
99
96
44
31
99
92
96
79
76
95
91
107
114
119
105
100
111
115
119
109
104
109
110
114
108
104
108
106
109
107
102
106
99
100
104
101
107
94
92
108
104
_do
do
do
107
103
113
108
104
113
107
103
112
104
102
108
108
103
115
110
104
118
108
103
115
108
104
115
107
102
114
10Q
104
115
- do
do
__ do
102
106
96
98
103
93
98
104
91
79
63
91
93
94
90
108
127
88
107
126
88
104
118
89
102
115
89
106
120
92
102
120
84
r 102
r H3
117
110
r
r
T go
109
105
114
109
107
r
1()8
r
107
110
107
114
r 107
r 10'}
r H4
T
r 90
P 105
-p 100
p 1 13
115
89
p 102
P 1 17
P 88
101
do
do
do
do_
do
116
115
117
112
118
111
119
110
120
111
118
110
121
114
' 121
T 114
r 121
r H2
p 1QQ
111
116
111
115
120
111
115
121
112
119
106
115
119
111
110
116
114
114
122
113
120
111
113
115
111
112
118
111
117
110
114
116
111
110
124
115
109
123
117
r
103
T 121
P 119
T Hg
P 112
do
do _
do
-- do__
do
113
117
121
107
113
113
114
121
105
114
111
111
122
104
114
111
111
125
104
109
112
111
126
105
113
113
112
124
106
115
112
111
122
98
113
112
111
124
99
112
113
110
127
99
113
115
113
127
104
113
116
115
127
104
112
116
113
128
103
112
115
112
128
113
108
124
p 1 in
111
p 110
111
124
117
p 118
p 114
112
Printing and publishing
Newspapers _ _
Chemicals and products
Industrial chemicals ._
Petroleum products
do
do
-do
do__ _
do
107
107
117
123
107
108
106
119
125
106
107
105
117
122
106
108
104
117
123
105
109
107
118
124
102
109
106
119
125
104
109
105
118
124
102
108
104
119
126
103
109
106
122
126
107
111
108
123
128
107
112
109
125
132
111
r ]12
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages.
Tobacco products
_do__ .
do
do ___
do__.
do
120
108
107
114
114
120
108
107
113
111
115
106
105
108
114
113
107
107
105
111
116
107
108
104
115
118
109
109
109
114
117
107
107
106
108
115
108
108
106
113
115
108
108
106
116
117
109
109
111
115
122
109
109
117
109
109
111
111
- do
do
do
do_ _
do
do
91
72
98
97
48
111
91
74
98
97
39
109
91
76
99
98
42
108
96
87
100
99
68
110
98
94
100
98
80
113
98
91
99
98
87
108
96
84
97
97
95
106
95
86
96
96
104
101
98
87
97
97
106
115
97
86
96
96
103
114
97
78
99
99
97
116
T H8
do
do
do
116
117
111
117
119
111
117
118
113
118
118
117
120
119
122
120
119
121
120
124
123
124
122
122
121
124
123
125
124
_ do
do
do
109
112
114
109
112
111
109
112
114
106
109
100
109
113
114
112
116
125
110
113
119
110
113
114
111
115
117
112
117
191
112
117
T 121
UK
r
Automotive products
__
Autos
Auto parts and allied products.
__ do
do
_ -do
105
97
118
98
89
114
105
98
117
73
48
111
99
87
117
127
134
117
122
125
117
114
113
116
117
116
119
121
122
119
121
123
118
114
108
122
r 1J 5
P jig
114
118
p 119
Home goods 9
Appliances, TV, and radios
Furniture and rugs
do
_ _ do
do
120
121
121
121
125
121
121
124
120
121
126
120
124
133
122
123
130
122
117
117
118
114
112
114
117
115
121
121
120
123
r 120
r
118
r 1 17
122
r H8
115
109
119
112
117
112
117
111
118
112
119
112
120
110
107
113
118
109
104
110
107
112
116
115
121
112
109
110
107
112
108
113
108
115
122
113
109
114
110
116
121
r 116
110
107
113
118
114
120
110
107
115
114
110
114
112
108
113
112
115
110
113
110
114
108
114
107
114
109
116
107
114
109
116
111
115
110
117
106
114
109
117
108
115
110
120
110
118
112
121
112
120
113
118
103
103
102
108
103
103
101
109
103
104
101
111
101
102
102
112
102
104
104
113
103
106
104
114
104
105
104
115
102
104
102
115
97
129
96
105
106
109
103
97
102
93
103
105
103
120
97
112
93
106
104
106
104
117
T 104
100
109
102
105
104
113
101
89
105
89
'99
89
101
88
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
-
Utilities
Electric
Gas
By market grouping:
Final products total
Consumer goods
Automotive and home goods
_
Apparel and staples
Apparel, incl. knit goods and shoes
Consumer staples 9
. _
__
Processed foods
do
do
do
do
Beverages and tobacco
do __.
Drugs, soap, and toiletries
do__ _
Newspapers, magazines, and books— do
Consumer fuel and lighting. .
_do
Equipment, including defense 9
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment
Materials
Durable goods materials 9
Consumer durable
Equipment
_
Construction
_.
Nondurable materials 9
Business supplies
Containers
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities
r
102
47
31
106
100
Instruments and related products
Clav glass and stone products
Lumber and products
_
Furniture and fixtures
Miscellaneous manufactures
Nondurable manufactures
Textile mill products
Apparel products
Leather and products-..
Paper and products
103
do
-- do
-do
do
do
Machinery
_ _
Nonelectrical machinery
Electrical machinery
Transportation equipment 9
M"otor vehicles and parts
Aircraft and other equipment
104
Revised.
v Preliminary.
do.._
do
do
_ _ do__
do
.do
do
do
do
___do
do
r
108
r 125
r
110
115
109
109
79
78
r 99
T 100
112
116
r
'
r 99
o~
'
1Or
r
11 1
r
115
115
T 112
- 110
104
106
r
r
i no
1 05
P 104
HI4
103
121
121
97
99
97
100
109
110
109
108
108
107
106
88
95
102
107
93
76
107
107
110
121
107
117
101
105
105
110
103
102
102
101
106
107
107
109
109
120
102
115
104
109
'101
110
107
108
106
105
105
115
104
110
98
110
102
110
do
do
do
__ do
107
110
111
109
107
110
110
110
107
107
106
107
108
109
107
110
111
112
113
111
110
111
111
111
110
110
110
109
108
110
110
111
111
r 119
tin
109
110
109
109
109
112
113
1 13
1 12
_.do
do
do
97
93
113
98
94
114
98
95
113
101
97
114
104
99
117
103
98
117
102
96
118
103
96
120
103
97
120
102
96
120
103
96
121
103
r
97
121
' 102
'96
9 Includes data not shown separately.
P 115
f 114
120
115
122
116
122
91
105
fSee corresponding note on p. S-2.
piii
P 1 15
p ]~[a
111
r
98
r
v 1 9f
120
90
103
_
p Q(»
T 99
96
11?
r 95
112
122
113
120
11 5
r 97
T
r
131
r
100
107
P 98
101
109
r
]1 o
P 101
P 95
SUKVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October I960
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
August September
July
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES!
Mfg and trade sales (seas, adj.), total „ _.bil. of dol__
59.6
60.1
59.7
59.1
60.9
61.6
62.2
61.3
62.6
61.9
61.8
r
60. 9
60.6
Manufacturing, total
__do
Durable coods industries
do
Nondurable goods industries
do
Wholesale trade, total
do
Durable goods establishments
do
Nondurable goods establishments
do
Retail trade, total
-do
Durable goods stores
do
Nondurable goods stores
do
Manufacturing and trade inventories, book value, end
of month (seas, adj.), total...
bil. cfdoL.
29.3
14 0
15.3
12 2
29.8
14 1
15.7
12.5
4 6
29.4
14 0
15.3
12.0
7.9
4.4
7.5
17.8
18.3
12.0
12.0
12.0
17.8
5 7
12.2
30.8
15 0
15 8
12.7
4 7
7 9
17.5
5 3
12.2
31.1
15 4
15 7
12.4
4 7
7.7
]
18.1
59
12.2
31.6
15 7
15 9
12.5
4 7
7 8
18 1
60
12 1
30.8
15 2
15 7
12.2
4 5
7 8
18 2
59
12 3
31.0
15 0
16 0
12.6
4 7
79
18 9
6 3
12 6
31.0
15 1
15 9
12.4
4 5
7 9
18.5
61
12 4
30.8
14 9
15 9
12.5
4 5
80
18 5
60
12 5
-30.4
7 fi
18.1
29.0
13 5
15.5
12.3
4 6
18 1
5 7
12 4
30 1
14 4
15 7
12.2
4 4
7 8
18 2
5 8
19 4
89.5
89.2
88.8
88.4
89.4
90.5
91.4
92.3
92.6
93.2
'93. 5
93. 4
93 2
_ . do
do
do. __
52.1
30.1
22 0
51.9
29.8
22.1
51.5
29.2
22.3
51.6
29.3
22.3
52 4
30. 1
22 3
53.3
30.8
22 5
53 9
31 3
22 6
54 3
31.8
22 6
54 7
31 9
2? 7
55 0
32. 1
22 9
55 1
32 2
22 9
54 9
32 0
22 9
54 9
39 o
22 9
Wholesale trade total
do
Durable goods establishments
_
do
Nondurable goods establishments
do. _
Hetail trade total
do
Durable goods stores
do
Nondurable goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted), total
mil. ofdol..
12.6
12.5
12.5
12 6
12 6
6.6
61
24 3
11 0
13 3
12 7
6.6
6 1
24 5
11.3
13 2
I9
6
6
24
11
13
7
7
1
8
6
2
12 8
6.8
6 1
25 1
11 6
13 5
12
6
6
25
Jl
13
9
8
1
0
6
3
13 1
6.9
6 2
25 2
11 8
13 4
13
6
6
2."
11
13
13
»• 7
6
25
11
13
13
6
6
25
Manufacturing total
Durable goods industries
Nondurable good« industries
Durable goods industries total 9
Primarv metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable goods industries, total 9
Food and beverage
_
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
Sales value (seas adj ) total
Durable goods industries, total 9
Primary metal
_
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
Motor vehicles and parts
_
Lumber and furniture
Stone clay, and "'lass
Nondurable goods industries, total 9
Food and beverage
Tobacco
_
_
Text'le
Paper
Chemical
.
_
Petroleum and coal
Rubber
Inventories, end of month:
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
M^otor vehicles and parts
Lumber and furniture
Stone, clay, and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
_
do
__do
do
do. _
do
--do
_ _ __do
do
- do
do
do_ __
do
do
do
do
- do
do
- do. _
do
do
__do
do
.do
do
do
do
do
do
do
do_._
do
-do
do
do
do
do
do
do
do
do __
__.do
do
do
do
do
do
do
bil. of dol__
do
do
4.6
6.1
6.6
5.9
5.8
6.5
6.0
6.4
6.5
6,1
7.7
6.5
r 14 7
r
15 7
-12.3
T
T
r
r
0
9
1
3
8
5
4 4
7 9
0
0
1
4
9
5
0
9
1
2
24.8
11.6
13.2
24 8
11.5
13 3
24.7
11.6
13.1
6 1
24 2
11.0
13 2
28, 590
30, 032
30, 849
28, 530
30, 630
29, 740
30 290
32, 470
30 820
30, 840
31. 560
27 890
30 790
13 049
1, H')5
13,687
1,218
436
1,898
4, 726
2,030
14,528
1.269
467
1,800
4, 822
2,079
13, 305
1, 907
1, 147
1,527
4,521
1, 973
15 240
2 700
1 890
1,620
4,870
2 080
14 720
2 670
1 850
1 540
4,400
1 850
15 110
2 540
1 670
1 570
4, 690
1 890
16 080
2, 690
1 750
1, 700
5, 070
2,050
15 150
2 310
1 470
1 680
4,830
1 880
15 230
2, 250
1 400
1.730
4,790
1,880
15 610 r 13 050
2 190 r I 780
1 340
1 100
1 810 r I f,3Q
5, 030 r 4, 250
2 040 r I 700
14 050
1 960
1 170
1 890
4,580
1 950
3,570
2,207
1,034
782
16, 321
4,950
409
1,346
1,086
2,339
3,037
569
29, 384
14, 047
1,186
438
1,631
4, 666
1,911
3,778
2,415
952
704
15,337
4, 609
399
1,197
1,006
2,219
3,037
555
2,701
1,373
3,480
2 010
840
650
15 390
4, 590
420
1 220
990
2 180
3 350
480
30 790
15 010
2 800
1 980
1 760
4 720
1 950
2,970
1 590
910
730
15 780
4,700
410
1,260
1,060
2, 380
3,100
500
3 670
2 450
810
620
15 010
4 440
350
1 200
990
2 200
3 200
520
31 110
15 450
2 730
1 900
1 700
4 800
2 020
3, 470
2 130
870
750
15 660
4,780
400
1,260
1,010
2,260
3,080
530
3 760
2 440
8^0
640
15 180
4 430
370
1 230
1 010
2 220
3 070
599
31 580
15 670
2 figo
1 gQQ
1 720
4 840
1 990
3 570
2 2°0
920
770
15 900
4 720
' 430
1 260
l' 070
2 380
3 130
' 570
3, 860
2 480
910
690
16 390
4 820
400
1 260
1 100
2 430
3 290
520
30 840
15 170
2 540
1 660
1 690
4 75Q
1 990
3,460
2 110
880
700
15 670
4 710
492
2,768
1,404
1,073
775
16, 345
4,855
416
1,310
1,060
2,379
3, 235
528
29, 818
14,113
1,212
432
1,759
4, 663
1,942
3,641
2,237
977
718
15,705
4,618
408
1,222
1,029
2,273
3,301
544
3 160
510
3 570
2 260
«00
740
15 670
4 540
370
1 180
1 040
2 450
3 130
540
31 030
15 000
2 310
1 470
1 690
4 830
2 010
3 360
2 040
930
750
16 020
4 720
390
1 260
1 030
2 380
3 260
530
3 640
2 310
920
790
15 600
4 650
420
1 190
1
050
9
470
3 0°0
550
30 990
15 060
2 240
1 400
l' 750
4 780
1*940
3 490
2 210
940
750
15 920
4 630
400
1 990
1 040
2 350
3 180
550
3 660
2 260
950
g9Q
15 950
4 800
430
1 250
1 070
2 390
3 150
560
30 780
14 880
2 010
1 180
1 760
4 740
1 950
3 600
2 290
910
760
15 890
4 630
400
1 270
1 050
2 350
3 180
590
3 190
1 180
1 090
2 310
3 140
51 524
9Q 679
3, 979
2, 254
3, 295
9,722
3 652
7,013
2 847
1,859
1,229
51 551
29, 601
3,971
2, 264
3,055
9,650
3 614
7,290
3 107
1,849
1,226
51 434
29, 224
3,981
2,288
2,854
9,700
3 624
7,062
2 907
1,819
1,257
51 782
29, 431
4,116
2,411
2,860
9,703
3 626
7,114
2 997
1,834
1,296
52, 880
30, 260
4,310
53, 660
30, 860
4, 300
54, 200
31, 450
4, 350
2,960
9,880
3,690
7,380
3,200
1,860
1,340
3,070
10, 140
3,760
7, 520
3,270
1,890
1,380
3,230
10, 360
3,870
7. 620
3,350
1,880
1,420
54, 700
32, 060
4, 400
2 540
3,370
10, 570
3,940
7,720
3, 370
1,890
1,480
54, 770
32, 140
4,450
2 580
3,420
10, 660
4,000
7,590
3,270
1,880
1,480
54, 970 ' 54, 880 r 54, 400
32, 250 r 32, 180 -31,750
4,580 r 4, 640
4,540
2 670
2 710
2 760
3, 460
3,460
3,390
10, 720 - 10, 560
10, 760
4,120 '4,060
4,090
7,420
7,280 - 7, 050
3,170 r 3,100
3,010
1,880
1,920 -1,930
1,440
1,480
1,460
54, 420
31, 700
4,720
2 89Q
3,310
10, 440
4,030
7,190
3,090
1,910
1,400
8.9
11 6
8.5
11 9
8.2
11 9
9.1
8.3
11 8
9.3
8.5
12.1
9.6
22 610
5,010
2,040
2,510
1,510
4,080
3,360
1,160
8.5
12.4
10.0
22 810
4,940
2,100
2,600
1,530
4,090
3,340
1,170
8.6
12.5
10.4
22 750
4,850
2,060
2,670
1, 560
4,140
3.270
1,180
8.6
12.7
10.8
22 640
4, 710
2, 020
2, 730
1,580
4, 160
3, 220
1,210
8.5
12.7
10.9
22 640
4,670
1,990
2,760
1, 590
4,140
3,220
1,220
8.5
12.7
11.1
22 720
4, 690
1,940
2,780
1, ^00
4,080
3,270
1, 210
8.6
12.6
10.5
22, 730
4,920
1,850
2, 680
1,610
4, 100
3,350
1,180
417
1,810
4, 403
1,823
2, 648
1, 361
1, 005
812
15, 541
4,579
413
1, 296
1 041
2,143
3 056
480
29 268
14,008
1,227
439
1, 703
4 651
1,883
3, 577
2,143
991
751
15, 260
4 511
395
1, 250
1 Oil
2,157
3,071
9.2
9.2
99 91 ft
897
652
15, 225
4, 585
441
1, 256
974
2,120
3 103
439
28 972
13,479
1,956
1,182
1,623
4, 717
1, 956
2,514
1, 167
922
662
15.493
4,643
443
1,209
994
2,236
3, 183
482
99 O K I
49Q
1 200
1 050
9 3QQ
8.6
12.6
11.0
22 700
4.660
1,870
2,750
1,600
4,110
3,280
1,200
r
r 2 910
r i 730
r 770
730
r 14 840
4 570
390
r I 05()
r 980
r 9 100
r 3 HO
480
r 30 440
T 14 730
r 2 no
r i 300
r i 730
r 4 770
r i 940
r 3 410
r 2 140
r 870
750
r 15 720
4 630
380
r 1 230
T i 080
r 2 300
480
8.6
-12.3
10.8
r
22 660
4,720
1,830
- 2, 720
1,610
4,100
3,320
1,180
117
-_
13 5
2 660
1 500
980
830
16 670
4 900
440
1 270
1 1 50
2 380
3 230
510
30 140
14 4°0
1 970
1 180
1 710
4 640
1 920
3 410
2 200
880
790
15 720
4 670
400
480
5,098
5,021
4,944
Food and beverage
__do
4,824
1,926
1,923
1,862
1,773
Tobacco
do
2,431
2,451
2,445
Textile
.do
2,481
1 444
1 442
1 466
Paper
do
1 458
4,000
3,944
3, 853
Chemical
.do
3,828
3, 398
3,443
3,398
Petroleum and coal
___do
3, 399
1,114
1,087
1, 075
Rubber
do
1,057
By stages of fabrication:
8.8
8.9
8.9
9.1
9.0
9.2
9.2
9.3
9.3
9.0
8.8
8.7
8.6
Purchased materials
bil. of dol_.
3.1
3.2
3.2
3.2
3.1
3.1
3.1
3.0
3.0
3.1
3.0
31
31
Goods in process
do
10.8
10.6
10.6
10.7
10.4
10.4
10.4
10.4
10.5
10.4
10.3
10.2
10.1
Finished goods
- -.do
r
Revised.
i Beginning January 1960, data for Alaska and Hawaii are included.
§ The term "business" here includes only manufacturing and trade. Business inventories as shown
on p. S-l cover data for all types of producers, both farm and nonfarm.
Unadjusted data for manufacturing are shown below; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
October I960
S-5
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemAugust ^e»- October November
ber
January
February
March
April
June
May
July
August
September
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month— Continued
Book value (^eas a d ] ) total
_ mil. ofdoL
Durable coods industries, total 9
Prim nry metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
- - do_ _
do
do
do
do
do
Transportation eQuipment
Motor vehicles and parts
I umber and furniture
Stone clav and glass
By stages of fabrication:
Purchased materials
Ocods in process
Finished goods
-
r>2, no
30, 1-15
3,980
2 254
3,328
0, R26
3 680
51,892
29,817
3,923
2 198
3.117
9, 741
3,630
7,305
51,515
51, 625
29, 249
3 870
2 158
2,912
9, 807
3 655
29, 347
3 986
2 253
2,918
9, 731
6,887
3,639
52, 430
30, 080
4, 120
2 390
3, 050
9, 920
3,730
53, 310
30, 760
4, 200
2 460
3,130
53, 900
31,260
4 320
2 540
3,230
10,180
3, 820
10, 320
3 900
54, 950
r
55, 100
r
32, 230
4 800
2 950
r
3,940
4 630
2 770
3, 320
10. 530
3 960
32, 070
4 700
9 84()
3, 350
10, 600
4 000
r
54, 340
31,770
4, 450
2 610
3, 330
10, 480
54, 660
31,920
3,340
10, 640
4 040
54, 900
54 930
32 050
4 7.50
2 870
r
3, 330
r
10,
580
r
4 040
32 050
4 720
2 890
3, 340
10, 550
4 000
r
r
r
do__
- - do
do
-- do
7, 333
3. 153
1 841
1,261
3, 165
1.860
1,277
2, 745
1,855
1,320
6, 928
2,811
1, 861
1,336
7,180
3, 040
1,870
1,360
7. 380
3, 100
1,910
1, 370
7 530
3, 190
1 870
1,380
7, 640
3, 260
1 , 860
1, 420
7 580
3, 260
1 850
1,420
7 520
3. 260
1 850
1,430
bil. of dol__
do
- do_._
8.7
11.9
9. 5
8.3
12.0
9.5
8.0
11.8
9.4
8.1
11.8
9.4
8.3
12.1
9.7
8.6
12.3
9.9
8.7
12 5
10.1
8.8
12.7
10.4
8.8
12.6
10.5
8 8
12 7
10 6
8.7
12 8
10.7
r
8.6
M2 6
10 8
8 5
19 7
10 9
Nondurable goods industries, total 9. .mil. of dol_.
21,971
22, 075
22, 266
22, 278
22, 340
22, 550
22, 640
22, 570
22, 730
22, 880
22, 870
22, 850
22, 880
4, 833
1. 866
2, 495
1 473
3. 907
3, 332
1.113
4,832
4,810
1 , 955
4,814
1,942
4,790
1,980
2. 530
1 510
4,810
1,980
2, 580
1 530
4,820
4,820
4, 850
1 950
4,990
3.400
1 590
4,110
3, 300
1,200
4 940
1 940
2 690
1 610
4 140
3, 290
1 230
4 940
1 940
2 690
1 630
4 180
3 280
1 240
9 1
10 6
9 0
31
10 7
Food and beverage
Tobacco
Textile
- --
1,930
2, 516
1 471
2,536
3, 267
1,114
3, 295
1,115
3,283
3, 350
1, 190
1 890
1,440
1,120
1,140
3,410
1,140
1, 140
- - - bil. ofdoL
do
do -
9.0
3.1
9.9
8.9
3.1
10.1
9.0
3.1
10.2
8.9
3. 1
10.3
8.9
3.0
10.4
9.0
3.0
10.5
9.1
30
10.5
9.1
3.0
10.5
9.1
31
10.5
9 1
31
10 6
9.1
31
10.6
_ _.mil. ofdoL
-
-- do ._
- _ . d o ._
_ do -_
3,970
1 481
4,037
2,542
1 496
4,041
4,030
3,320
4.030
1 950
2, 650
1 540
4, 050
5 000
1 900
2 710
1 580
4 080
3, 340
1 180
3,280
1, 950
2, 670
1 540
4, 060
3, 330
1, 160
-
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Oood^ in process
Finished goods
do
do
_- do _ _
7, 460
r
2,720
1 550
4,080
1 950
r
7 340
3, 280
1 900
1,440
2,700
7
3
1
1
r 3 9
390
280
890
430
28, 558
30, 527
31,258
28, 559
30,610
29, 100
29, 650
31, 750
29, 700
30 210
31,480
r
27 910
30 350
Durable goods industries total 9
do
Primarv metal
do
Iron and steel
_ _
- do _.
Fabricated metal
do
Machinery (including electrical)
do _
Electrical
do
Transportation equipment (including motor vehicles)
mil of dol
13, 120
1. 633
902
1, 796
4, 393
1, 794
14, 285
1, 807
990
1, 876
4, 941
2,124
14,980
13, 299
2,149
1,361
1, 596
14,060
2,290
1,760
14 560
2, 320
1,420
1,540
4,810
1,890
15,450
1,740
l,p, 070
2, 700
1,810
1,610
4, 880
1.960
1,780
960
1. 630
5, 130
2,100
14 100
1 680
920
1.680
4, 820
1 840
14 590
1 990
1 190
1 720
4 730
1 840
15 520
1,840
1,070
1,710
5, 240
r 13 170
r
1 670
r
1.000
r
1 640
r
4 390
13 960
1 790
1 010
1 920
4 530
1 980
2,342
2.712
3,626
2,611
3, 550
3,320
3,340
4,050
3 210
3 390
3,800
Nondurable goods industries, total
Industries with unfilled orders © ._
Industries without unfilled orders f
15,438
3,399
12,039
16, 242
3, 498
12, 744
16,278
3,622
15,260
15,540
12, 656
11,814
11,980
15,040
3,320
11,720
15, 090
3, 300
11, 790
16, 300
3, 530
12, 770
15,610
3,370
do - _
29,016
30, 552
30, 449
29, 222
30, 740
29, 830
30, 590
30, 290
Durable goods industries, total 9
do
Primary metal
do
Iron and steel
do __
Fabricated metal
do
Machinery (including electrical)
_ do
Electrical
- _ _
do - _ _
Transportation equipment (including motor vehicles)
mil of dol
13, 974
1 689
920
1,710
4, 623
1,927
14, 747
1,957
1, 112
1,705
15,099
14,770
14, 190
2,173
4,982
2,075
13, 721
2 141
1,338
1,818
4, 673
1,927
3, 185
3,155
3,661
Nondurable uoods industries, total
_ _
Industries with unfilled orders © _ _ _
Industries without unfilled orders 1
do
do
do
15, 042
3, 237
11, 805
15, 805
15, 350
12, 272
3,385
11,965
do
50, 573
51, 068
47, 254
47, 852
5,971
New order^ net (unadjusted) total
_
do_do
- - do
New orders, net (seas, adjusted), total
Unfilled orders, end of month (unadj.), total
Durable goods industries, total 9 - - - -- do
Primary metal
do
Iron and steel
_ _
_ do _
Fabricated metal
do
Machinery (including electrical) _ _ _ do
Electrical- ._
__
do
Transportation equipment (including motor vehicles)
_
_ mil. of dol
5,382
4,025
5,067
3,533
4,579
3,207
1,818
997
1,863
4,794
2,002
1,870
1,039
1,791
4,282
3, 446
3. 560
1.450
1, 520
4,420
2,370
2 820
2 800
16 380
3 380
13 000
30, 110
f
29, 190
29, 830
r
13 840
1 890
r
1 1 70
T i 590
T
4 520
r
1 890
14 300
1 830
1 040
1 770
4 710
9
140
12 240
12, 440
30, 350
30, 470
3,520
2t 680
1,820
1.670
1, 400
1, 610
1,930
1,900
1,920
2,303
2,800
3,150
3 500
3,680
3 490
3 520
3 460
15, 501
15,970
15, 640
15, 790
15 880
3 330
12 550
15 790
3 420
12 370
15 770
4,870
2,230
4,630
4,840
14 470
1 810
990
1 710
4 760
1,880
14 680
1 960
1 150
1 700
4 750
1 880
14, 340
1 780
990
1 680
4 690
12, 124
3, 750
12, 220
12, 210
12 410
51, 477
51, 506
51, 490
50, 850
50, 210
49, 490
48, 380
47 750
47, 680
48, 304
48, 298
6, 762
48, 130
6, 7bO
47, 460
46 910
6 180
4 580
3 270
17, 920
46, 280
9,900
3,200
17,980
9,950
45 230
4 640
3 240
3 200
17 970
9 900
44 590
4 380
3 040
3 180
17 910
9' 860
44 500 r 44 620
4 030 T 3 920
2 770 r 2 670
3 080 r 3 100
18 120 r is 260
10, 190 T 10 350
6,520
5,109
3,377
5,323
3,339
5,240
3,330
3,430
6,390
4,840
3,390
5,270
3, 790
3,430
12 340
3,270
18,015
10,329
17, 776
10, 096
17, 790
9,980
17,810
9,900
15. 743
15, 687
15, 743
15,653
15,730
15, 380
14, 960
15, 160
14 800
14 550
14, 690
3,319
3,216
3,173
3,208
3,360
3,390
3,300
3,210
3,150
3 170
3,180
New business incorporations (49 States) eft- -number..
14, 406
14, 664
14, 526
13,015
16, 456
18, 189
14, 669
17, 437
15, 446
15 530
INDUSTRIAL AND COMMERCIAL FAILUREScf
Failures, total
_ _
number
1,135
1,144
1,125
1,130
1,080
1,181
1 214
1 335
1 370
122
181
187
542
103
93
191
192
563
105
102
164
221
532
106
105
186
195
520
124
89
163
231
478
119
93
193
210
587
98
103
195
196
609
111
120
241
224
607
143
121
220
215
674
140
thous. of doL-
54, 501
54, 736
50, 375
53, 214
59, 556
53, 671
60, 945
70, 193
do
do
__.do
do
do
3,160
12, 061
18, 559
15, 362
5 359
3 077
12 595
15, 974
16, 098
6 992
3 891
7,131
20, 980
13 050
5 323
3 027
3 129
11 993
16, 324
15 951
6 274
2 501
10 770
15 244
5 541
3 072
10, 453
23, 822
13, 443
8 766
21,527
16 687
9 460
7 809
19 427
19, 170
14 116
9 671
53.3
58.4
50.5
55.4
49.6
51.0
50,7
51.1
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted) §
thousands-
Commercial service
Construction
Manufacturing and mining _
Retail trade
Wholesale trade
Liabilities (current), total
Commercial service-.
Construction .,_
Manufacturing and mining
Retail trade
Wholesale trade
_ _
.
_ _ do
do
do
do
do
Failure annual rate (seas. adj.)-No. per 10,000 concerns.
r 3 200
r i 5 350
r
3 170
15, 660
3, 400
12, 260
18, 043
10, 406
Nondurable goods industries, total ©
r
2,030
10,312
3 229
17, 828
r
14 730
r
3 , 010
r 1 1 720
15, 960
15 620
3 460
19 160
14, 640
1 720
930
1,640
4, 740
1,950
14, 800
2 200
1,300
1 610
r 1 860
4,655
3,310
4,670
12,136
17,266
r 12 180
T
47, 690
r 14 600
r
3 270
15 520
3 290
12 240
47 320
44
3
2
3
18
10
540
750
500
140
210
380
14 740
3, 070
2 780
16, 676
14 676
14 993
1 273
1 334
1 146
1 315
131
214
229
564
135
103
213
228
680
110
102
192
173
573
106
128
217
228
621
121
69, 192
73 307
126, 450
61, 732
97 594
7 065
13 661
18, 483
18 563
11 420
6 095
10 877
31, 963
17 588
6 784
22 597
18 613
28 497
15 632
3 993
11 073
21, 080
20 470
5 116
5 940
27 874
33, 097
22 556
8 127
54.9
54.1
57.2
54.8
59.6
4,690
4,710
41,111
r Revised.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable goods
industries are
zero.
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
§Revrsed beginning writh data for 2d
quarter 1956; revisions prior to 1st quarter 1959 appear on p. 13 of the May 1960 SURVEY.
d*Data are from Dun & Bradstreet, Inc.
JRevisions for January-September 1958 to include data for Hawaii appear in the January 1960 SURVEY; comparable data for 1955-57 are available upon request.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1060
1959
1960
October j No^n- DecemAugust September
ber
January
February
March
April
May
June
August
July
September
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products^
1910-14 = 100 _
239
240
235
231
230
232
233
241
242
241
236
238
234
237
- _ -do
do
do - do .. do _
220
203
281
159
201
220
220
280
156
198
218
230
274
149
203
217
242
260
150
206
218
262
254
149
206
220
278
248
151
206
218
256
237
153
208
222
249
238
153
210
225
255
244
158
209
228
283
248
158
209
221
223
251
158
199
226
247
265
156
194
218
191
273
152
196
221
195
271
152
197
do __
- do
do
do
210
214
162
511
228
204
146
511
213
208
147
509
197
216
168
499
198
215
174
494
203
216
188
484
211
216
189
494
228
213
223
494
211
216
257
494
216
218
245
494
239
216
203
494
235
213
239
493
239
211
198
479
269
208
181
482
Livestock and products
- do
Dairv products
do
Meat animals
- do
Poultry and eggs
do
Wool
do. _
Prices paid:
411 commodities and services
do
Family living items
do
Production items
- do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
255
252
314
139
249
257
267
308
143
244
250
277
292
138
235
243
280
276
139
230
240
273
268
148
234
242
266
279
144
239
245
261
287
142
240
257
256
309
153
243
257
244
310
163
250
252
237
310
153
253
248
234
305
148
248
249
244
302
148
240
247
254
290
152
230
251
269
285
162
225
275
288
266
274
288
'264
275
290
264
275
291
264
275
291
264
275
290
265
276
289
266
276
289
267
278
291
268
277
291
267
275
290
265
275
290
263
274
290
262
274
290
263
297
'296
296
297
297
299
299
300
302
301
299
298
298
298
80
81
79
78
77
78
78
80
80
80
79
80
79
80
124. 8
1 25. 2
125.5
125.6
125.5
125. 4
125. 6
125.7
126. 2
126. 3
126.5
126.6
128.2
122.4
1 16. 6
118.3
112.8
146.3
128.7
122.9
117.0
118.8
112.8
146. 9
129.2
123.2
117.3
118. 8
113. 6
147. 3
129.5
123. 1
117.2
118.6
114.1
147. 6
129. 5
123.1
117.1
1 18. 5
113. 8
147.8
129.4
122. 9
116.7
118.1
113.3
148.2
129.7
123. 0
116.7
118.0
113.3
148.9
129.7
123.1
116.7
118.3
112.5
149.2
129.8
123.7
117.4
119.4
112. 1
149.4
129.7
123.8
117.3
119.4
111.9
149.6
129.7
124.0
117.6
119.8
111.5
149.7
129.9
124. 2
117.7
120.0
111.1
150.0
130 1
124 1
117.6
119 9
111.0
150 3
- do
do
__do
do
- _-do - _
108.0
118.3
114.1
125. 6
109.9
109.0
118.7
1 1 5. 5
124.1
110. 4
109.4
118.4
116.1
124.5
109. 0
109.4
117.9
116.0
123.4
107.9
109.2
117.8
116. 7
125. 5
106. 6
107.9
117.6
116.5
125. 7
106. 4
108.4
117.4
116.5
125.9
106.2
108.8
117.7
116.4
125.0
107. 2
108.9
119.5
115. 3
129.9
109.3
108. 9
119.7
115.0
132.9
109.7
108.9
120.3
115.0
136.1
110.3
109.1
120 6
115.8
134 4
110.8
109 3
120 1
116.6
127 3
111.3
do
do
do
do -_
_ do _ _
do-
129.3
120.1
103.6
139.8
151. 4
131.7
129.7
121.6
104.0
140. 0
152.2
132.1
130.1
121.7
104.1
140.4
152.5
132.5
130.4
121.7
104. 4
140. 5
153. 0
132.7
130.4
122.7
104.2
140.8
153.2
132.9
130.7
123.2
104. 0
140.9
153. 5
132.7
131.2
124.0
104.3
141.0
154.7
132.6
131.3
124.1
104.7
141.2
155.0
132.7
131.4
124.4
104.7
141.4
155. 5
132.9
131.2
124.7
104.3
141.4
155.9
133.2
131.3
124.7
104.3
141.6
156. 1
133.2
131 3
124 8
104 1
141 8
156.4
133 4
131 5
124 9
103 5
141 9
156.7
133.8
119.1
146.7
135. 5
194.9
131.1
119. 6
146. 4
135. 3
194. 9
131.5
119.7
148.5
137.4
195.9
131. 6
120.0
149.0
137.9
196.0
131.6
120.4
148.7
137. 5
197.2
131.7
120.3
147. 6
136. 3
197. 2
131. 8
120.6
147. 5
136. 0
199.3
131.8
120.9
146. 5
134.9
199.4
131.7
121.1
146. 1
134.4
199.4
131. 9
121.4
145. 6
133. 9
199.4
131.9
121. 1
145. 8
134. 1
199.7
132.0
121.6
145 9
134 2
200 3
132 2
121.9
146 2
134.4
200. 7
132. 4
119. 1
119. 7
119. 1
118.9
118.9
119. 3
119.3
120.0
120. 0
119.7
119.5
119. 7
119.2
119.2
95. 0
127. 0
120.2
95.9
126. 9
121.4
94.4
127. 1
120. 5
93.6
127.3
120.0
93. 4
127 3
120. 1
94.6
127 5
120 6
94.8
127 4
120 5
96.4
127 5
121.4
96.3
127. 6
121.4
96.0
127. 1
121. 2
95. 3
127.0
121. 1
94.8
127 0
121 8
92.7
126 8
121. 5
92. 7
126 8
121. 4
104. 4
146. 2
105. 0
146. 4
104. 2
146.4
103. 7
146. 7
103.8
146.6
104. 3
146 8
104. 3
146. 8
105.5
1 46. 5
105. 6
146. 5
105. 2
146. 1
105. 2
145. 8
105.6
145 6
104.9
145 5
105. 2
144.9
do
do _
do
do ~-
87.1
92.8
77 7
83.1
88.9
103.1
76.2
82.1
86. 5
102. 2
75. 7
78. 5
85. 4
103. 2
76. 5
75.3
85 9
107.9
76.1
76.0
86 5
104 9
77 9
78.5
87 0
100.5
76. 7
80.8
90 4
104. 4
78.2
86. 2
91. 1
111.5
79.4
85.7
90.4
116.9
77.8
85.8
89.0
109. 7
77. 5
85. 1
88 9
112.9
75 5
84.1
T
86 6
98.7
74 3
80. 1
87.5
104. 7
74.9
79.0
Foods, processed 9 _
do -Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen ...do—Meats, poultry, arid fish _ _ .
_
. d o ...
105. 8
119.5
114.7
107. 9
94. 8
107. 8
J19. 5
116.2
106.9
99.7
106.4
120. 4
116.7
107. 4
95. I
104. 9
120.4
117.7
106.4
90. 8
104.7
120.4
118 1
104.6
90. 5
105 P
120.7
118 8
104. 5
92 4
105. 7
120.6
118 4
105.0
93. 1
107.3
120.8
117 7
105. 8
97.8
106. 8
120. 9
115. 6
105. 8
96. 7
107.3
121.2
114.9
106. 3
98.5
107. 6
121. 2
110.0
106. 9
9S. 1
108 9
122. 5
117 3
107. 5
99. 5
<• 107 8
122. 0
118 0
106. 8
96.8
108. 1
122.2
120 5
107. 9
96.0
128.4
128.5
128. 6
128. 8
128.7
128.6
128.7
128. 2
128.2
128.2
128.2
128. 0
109.9
124. 1
93. 8
49. 2
108.8
128. H
110 0
124.2
94. 0
49.4
108 8
128.3
110 1
124. 2
94.2
50. 6
108.8
128.3
IK) 2
124.5 1
94. 5
51.7
108. 8
128.3
110 2
124. 6
94 8
50. 2
108.8
128 3
110 2
124.6
95. 1
47.9
108 8
1 28. 3
110 4
124 7
95 1
47 8
110. 6
128 4
110
124
95
48
108
128
1 10 5
124 6
95 2
47 7
108.4
128 4
111.9
124. 1
10L. 3
116.6
114. 4
112.0
124 1
101.8
114 5
114.6
112.3
124 0
101.8
115 6
115.0
1 12. 2
119.0
101.8
115 6
115.4
110.8
118 7
101 7
111 6
113 6
112.3
119 5
101 8
112 2
ll(i 0
113.
120
102
114
117
115.3
121 3
109 1
116 6
120 0
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
-
Fruit
- _
Oil-bearing crops
Potatoes (incl dry edible beans)
Tobacco
Parity ratio §
- do
CONSUMER PRICES
(U.S. Department of Labor indexes)
Ml items
1947-49=100.
Special group indexes:*
All items less food
do
Ml items less shelter
do _.
\11 commodities
- do
XTondurables
do
Durables
- ~- do __
Services
do
\pparel
Food 9
Dairy products
Fruits and vegetables
Meats poultry and
-
fish
T lousing 9
Gas and electricity
Flousefurnishings
Kent
Medical care
Personal care
Reading and recreation
Transportation
Private
Public
Other goods and services
_ _ _ __ do __
do
-do _
do
, do _
WHOLESALE PRICESd"
(U.S. Department of Labor indexes}
A l l commodities _„
_ - 1947-49=100.
By stage of processing:
Crude materials for further processing
do
Intermediate materials supplies etc
do
Finished goods O
do
By durability of product:*
Nondurable soods
_ _
_
_ do
Durable goods
do
Farm products 9
Fruits and vegetables, fresh and dried _ _
Grains
Livestock and live poultry - - _ _ _ _ _
128.4
128.4
do
do
do
do
_ do_ do
109 7
123. 7
93. 6
53. 8
104. 8
128. 3
109 9
123.8
93. 7
55. 0
105. 2
128. 3
110 0
123.9
93. 8
54. 5
106.3
128.3
110 0
123.9
93. 8
106.6
128.3
110 0
124.0
93 7
50. 8
107. 0
128 3
Fuel, power, and lighting materials 9
do.__
Coal
'
do
Electric power
January 1958=100
Gas fuels
do
Petroleum arid products
1947-49=100
112.2
122. 0
100. 6
109. 2
116.2
1 11. 9
123.0
100. 8
112.8
115.1
111.4
1 23. 6
100.7
111. 1
114.5
111.2
124.0
100. 7
113 8
113.9
111.7
124 1
101.2
115 5
114 3
Commodities other than farm prod, and foods. _do
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials _ _
Prepared paint
_ _
8
3
0
4
9
1
T
126. 6
5
6
4
9
4
4
116.0
r?2 4
102 1
190 0
120 7
123.5
123. 4
123.3
123.4
123.3
123. 2
123.5
Furniture, other household durables 9 ------do
123.7
123. 5
123. 0
123.2
122. 9
122.9
123.1
104. 4
104.3
103.2
103. 3
103. 9
103. 7
102. 1
101.7
104. 1
103. 3
103. 1
Appliances, household
do
101.1
101. 7
101. 1
124. 2
124. 1
124.4
124.9
124. 9
124.3
124.2
124. 9
124.7
124.9
Furniture, household _ __
_._ _ do. _
125 0
125 0
195 0
125 0
T §6 i
89.8
87.8
87. 7
87.7
87. 8
87.8
Kadio receivers and phonographs
do
87. 7
87.7
87 1
87.8
87 8
86 1
87 1
r
f>9. 1
69.0
69.1
69. 0
70.1
69.2
69. 2
Television receivers _
_ do.
70.1 i
69.5
69. 0
69.0 1
68. 9
68.9
69. 0
T
Revised.
i Index based on 1935-39=100 is 211,7.
tRe vised beginning January 1958 to incorporate price revisions for individual commodities; re visions for January 1958-Mareh 1959
will he shown later (revisions for 1952-57 appear on p. 24 of the November 1959 SURVEY).
§Ratio of prices received to prices paid (including interest, taxes, and wage rates').
*Xew series;
data prior to August 1958 are available upon request.
9 Includes data not shown separately.
cfFor actual wholesale prices of individual commodities, see respective commodities.
OGoods to users, including raw foods and fuels.
SURVEY OF CURRENT BUSINESS
October 1!)(>0
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-7
1959
1960
August SeptemOctober Novem- December
ber
ber
January
February
March
April
June
May
July
August
September
COMMODITY PRICES—Continued
WHOLESALE PRICES^— Continued
U. S. Department of Labor indexes— Con.
Commodities other than farm, etc.— Con.
Hides, skins, and leather products 9 .1947-49=100..
Footwear
do
Hide" and skins
do .
Leather
__do
Lumber and wood products
do
Lumber
_
do __
Machinery and motive products 9
Agricultural machinery and equip
Construction machinery and equip§
Electrical machinery and equipment
Motor vehicles
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do
do
do _
..
do
do
. do
do
Nonmetallic minerals, structural 9
Clay products
_ _
Concrete products
Gypsum products
do
do_ __
do
do
Pulp paper and allied products
Paper
_
Rubber and products
Tires and tubes
. .
do
do .
do
do
Textile products and apparel 9
Apparel
Cotton products
Silk products
Manmadc fiber textile products
Wool products
do
do
do
do
do
do
Tobacco prod and bottled beverages 9 .. ..do
Beverages alcoholic
do
Cigarettes
do _
Miscellaneous
do
Toys, sporting goods
do
119.7
132.3
106.9
117.3
128.5
130.3
119.1
132.3
102.4
117.1
127 2
129.3
116.2
133. 5
87 5
112.2
126 2
127.9
111.7
133.8
67.2
103.8
124.3
125.8
112.3
134.1
73 8
103.5
124 8
125.9
112.7
134.2
73.7
105.5
125.1
126.1
112.0
134.2
69 8
104.8
124 9
126.1
111.8
134.2
72 0
102.8
124 5
125.9
112.1
133.5
73.5
104.7
124.3
125. 7
111.2
132 5
72 9
103 5
123 7
124 9
110.3
132. 5
67. 1
103. 0
122.4
123.1
110.1
132. 5
68.0
102.2
121.5
121.6
153.8
143.4
172.0
155.5
143.2
153. 9
143 5
172.4
155.8
143.2
153.7
143 4
172.5
155.9
141.9
153. 6
143 9
172.9
155.9
141.6
153.7
144 0
172.9
155.4
141 6
153. 8
144.3
173.6
155.8
141.6
153.9
145 3
173.9
1 55. 7
141.6
153.9
145 3
174.3
155.6
141.6
154.0
145. 6
174.7
155.6
141.6
153 5
145 7
175.3
153.9
141 6
153. 4
145.7
175. 3
153.9
141.6
153. 2
' 146 0
175. 5
153.3
141.6
152. 8
121.6
171.9
133.9
153.8
121 4
172.4
136 1
154. 5
121 5
173.1
137 2
155. 8
121 5
173.6
141 1
155.2
121 6
172. 2
140 7
155.5
120.9
172.4
142.7
155.3
120 3
171.6
142 6
154.5
120 1
170.5
140 8
154.5
120 1
170. 5
140 5
154
120
170
140
2
2
4
0
153. 8
120 0
169.9
138 9
153.4
118. 7
169.5
138 6
137.4
160. 5
129.7
133. 1
137. 5
160. 5
130.2
133.1
137.5
160. 4
130 3
133.1
137.7
160.6
130.3
133.1
137.8
160 7
130 4
133.1
138.4
161.3
130.5
133.1
138.2
161.5
131 1
133.1
138.2
161. 5
131 0
133. 2
138.3
161. 5
131 3
133. 2
137.9
161 7
131 5
133 2
137.8
161.7
131.3
133. 2
137.8
161.8
131 3
133.2
r
132.3
143.7
141.0
134. 3
132 4
143.8
142 0
134.3
132 5
144.3
142 3
133.3
132 3
144.3
144 9
133.3
13?
144
142
133
4
3
5
3
133.7
144. 5
143.5
133.3
133
144
145
138
2
5
1
1
133 1
144 8
145 2
138 1
133 1
145. 1
145 1
138 1
133
145
146
138
4
9
7
1
133 5
145. 9
147 2
138 1
133 5
145 9
146 9
141.3
r 133
r
145
145
141
o
2
3
3
133
145
144
141
I
4
8
3
95.7
100.4
92.1
113.7
82.3
104.3
95 9
100. 6
92.6
113. 2
82 1
104.7
95 9
100 6
93.0
114.2
81 0
104. 1
96 3
100.9
94.0
117 4
81 4
103 7
96
100
95
121
81
104
7
9
0
7
3
2
96 6
100.8
95.9
122.0
79 4
104.0
96
100
95
119
79
103
5
6
8
5
8
2
96
100
95
116
79
102
96
100
95
118
79
102
96
100
94
118
79
102
3
6
8
7
7
4
96
100
94
121
79
3
8
8
6
6
96 3
101 0
94 7
123 3
79 6
101 8
96
101
94
126
78
101
1
0
3
8
9
5
<)••)
101
93
128
78
101
q
1
4
4
6
2
131.9
121.0
134.8
92.0
117.7
131.8
120 9
134.8
88 6
117.7
131.7
120 7
134.8
91 8
117.7
131.7
120 7
134.8
93 7
117.7
131 7
120 7
134 8
94 2
118.0
131.7
120 5
134.8
95 3
117.7
131 7
120 6
134 8
93 4
117.8
131 7
120 6
134 8
94 0
117.8
131 7
120 6
134 8
95 4
118.3
131 7
120 6
134 8
91 1
118.3
131
7
1 9 () 6
134 8
90 9
118.3
131 8
120 6
134 8
90 8
118.6
132 0
1^1 1
134 8
89 9
118.5
132
121
134
91
0
1
8
1
84.0
80. 1
83.5
79 9
84.0
79 7
84.1
79 6
84 1
79 7
83 8
79 7
83 8
79 6
83 3
79 6
83 3
79 2
83 5
79 2
83
7
7
91
83 5
79 0
83 9
i 79 Q
i 83 9
3
7
6
6
4
8
3
7
0
0
4
7
108.7
132.5
63.6
98.9
119.6
108.1
132. 5
62 3
97.5
119 2
118.4
153. 2
146 1
r 176. 7
153. 1
141.6
151. 9
146 2
176.7
153.0
137 2
153.6
118 8
169. 9
138 7
153. 5
119 3
169. 7
138 4
137. 8
162.0
131 1
133.2
138. 0
162. 1
131 0
133 2
r
T
118.6
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumer prices
1947-49=100...
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE*
New construction (unadjusted), total
Private, total 9
. _
mil. ofdol..
5,265
5, 102
4,880
4,421
4,075
3,686
3, 482
3,762
4,120
4, 539
4,878
do
3,657
3 574
3,460
3 302
3 062
2 712
2 596
2 774
2 944
3 176
3 392
2,134
1,622
2, 105
1,619
2, 036
1, 565
1,904
1, 457
1,718
1,322
403
1 476
1 140
416
378
1 348
1 023
1 483
1 121
324
1 755
1 252
257
094
1 626
1 192
266
1 910
1 358
365
429
474
811
175
369
197
496
773
166
352
183
493
770
171
348
155
477
790
185
354
136
449
789
200
341
121
411
757
209
310
101
356
763
218
314
103
363
745
213
305
113
414
736
207
300
125
438
770
206
324
143
485
815
208
349
1,608
1, 528
1,420
1,119
1,013
974
886
988
1 176
1 363
1 486
412
133
380
129
625
394
368
117
568
367
321
109
370
319
320
98
286
309
326
80
280
288
305
56
250
275
331
86
265
300
375
79
390
332
393
90
516
364
409
93
616
368
4,522
4, 480
4,488
4, 449
3 164
...
Residential (nonfarm) 9 . . do. _
New dwelling units
do
Additions and alterations
...
do _
Nonresidential buildings, except farm and public
utility, total 9
mil. o f d o l .
Industrial. _ _
do
Commercial
_ do .
Farm construction
do
Public utility
_
do. .
Public, total
Nonresidential buildings
Military facilities
Highway,
Other types
New construction (seasonally adjusted), total
Private, total 9...
do...
do. .
do
do
do
Public, total 9
Nonresidential buildings
Military facilities... _
Highway
656
407
do
4, 566
4,427
4,313
4,221
4,331
4, 489
4, 521
3 260
3 196
3 129
3 085
3 144
3 ?11
q 030
3 216
3 181
Q 17K
1,875
1,855
1,811
1,748
1 , 7(50
1,804
1,779
1,776
1,763
1,753
1,758
772
734
718
731
769
797
833
8J3
804
347
152
444
329
153
436
318
155
423
196
331
203
345
797
do
do
do
180
317
802
211
339
210
338
210
330
161
428
137
445
218
363
215
344
158
424
132
462
130
470
129
460
do
1,306
1,231
1, 184
1, 136
1,187
1 278
1 299
1 313
1 285
do
do
do
372
113
475
345
102
443
338
95
418
330
105
381
347
359
95
483
133
460
j33
471
1 291
1 306
971
OK7
(2)
155
487
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utility, total 9
mil. o f d o l
Commercial.. _
Farm construction.. _
Public utility....
441
«
(2>
,?)
(2}
077
___ _
_
QK
115
482
481
481
482
481
' ?^iS<;?'
* Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.9 (September); consumer prices, 47 2 (August)
Bu
i orn" % * i
™au °J Cen?\L$r on new basis reflecting the revised, higher level of housing starts and including Alaska and Hawaii are as follows (mil. dol.): Unadjusted-.Tulv-Septomher
I960—iotal new construction 5 196' 5 215' 5257' f^ -rivi-n^*-™ o mo. o c^n. o r£?o. ;.,,,4.~ __,.:,i^«ii,i <-. «<->,->. <-. ^m. <-, ^^^ j j •,
-, ,• - nn, - „.. - — v -. ,-, .
,
?
-T, . , • ^r*
11 1
381
ng note on p. S-6.
9 Includes data not shown separately.
IRevised beginning with data, for September 1955; unpublished revisions (prior to November 1958) will be shown later.
I Revisions for January-September 1958 are shown in the November 1959 issue of "Construction Activity" report of Bureau of the Census.
SUKVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1900
1959
1960
Septem- October Novem- DecemAugust
ber
ber
ber
January
February
March
April
May
June
July
emAugust Sept
ber
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.):
Valuation, total
mil. of dol
Public ownership
Private ownership
By type of building:
Nonresidential
"Residential
Public works
Utilities
_
Engineering construction:
Contract awards (ENR)§
3,084
3,058
3, 135
2.373
2,224
2,193
2.240
3,046
3,360
3,337
3,472
3,597
3,295
do
do _ _
850
2,234
840
2,218
914
2,220
701
1.672
711
1,513
727
1, 466
702
1,537
1.075
1,971
1,067
2,293
1,025
2,312
1,237
2,236
1,413
2,184
1,018
2,277
do
do
do
do
961
1, 551
458
114
1,006
1, 466
379
207
1, 003
1,515
455
161
801
1 . 092
394
86
790
993
383
58
801
927
353
111
698
988
413
141
1,067
1.294
566
120
1,048
1,480
654
178
1,110
1.453
1,110
1,483
1, 152
1,329
794
321
1,177
1,433
520
165
do
1,495
1,538
1,494
1,458
1, 590
1 , 265
1 , 402
2,001
2,005
1,803
2,885
2, 005
1,859
6.971
464
2,469
4,039
6,703
283
3,000
3,420
4, 604
-213
2, 565
2, 252
5,315
390
2. 902
2, 023
0, 900
372
2, 553
3, 975
7,410
1.069
4, 791
1, 550
5. 961
223
4, 370
1.369
7.826
415
5. 267
2,145
8, 406
335
5, 482
2, 589
9 963
11,069
1, 284
5, 784
4, 000
10, 637
1, 526
5 °30
3,881
11,216
684
6, 366
4,166
129. 3
120.3
105. 5
92.5
83.7
76.3
76.5
97.8
109.2
(2)
125.1
84.1
4.2
116.9
80.4
3.4
102.2
73.9
3.3
90.7
63.9
1.8
83.0
58.9
.7
75.0
53.1
1.3
74.2
51.9
2.3
94.7
62.2
3. 1
107. 5
71. 7
1.7
1, 340. 0 1, 323. 0
1, 180. 0
1,210.0
1,330.0
1,216.0
1.115.0
1,125.0
1,125.0
69.7
68.1
51.3
3.2
13.5
1.6
07.1
66 0
48.5
2.9
14. 6
1.1
57. 7
57.0
41.7
2.8
12.5
.7
60. 6
60. 5
45.7
2.9
11.9
.2
84.3
81.2
61.1
3.9
16.2
3.1
92.4
91.3
69. 6
3.8
17.8
1.1
Highway concrete pavement contract awards: d*
Total
thous of so; yd
A irports
do
Road^
do
Street^ and alleys
do
1
494
281
309
6, 202
3,452
693
186
2,232
NEW DWELLING UNITS
New permanent nonfarm dwelling units started:
Unadjusted:
Total privately and publiclv owned
thousands
Privately owned total
Tn metropolitan areas
Publiclv owned
Seasonally adjusted at annual rate:
Privately owned total
do
do
do
do
Residential construction authorized, all permit-issuing
places:!
New dwelling units total
thousands
Privately financed total
do
Units in 1-familv structures
do
Units in 2-familv structure^
do
Units in multifamilv structures
do
Publiclv financed total
do
97.4
96.7
76.4
3.7
16.6
.7
95.8
92.8
71.7
3.9
17.2
3.0
88.9
86.0
66.5
4.3
15.3
2.9
(2)
CONSTRUCTION COST INDEXES
Department of Commerce composite!
1947-49= 100__
American Appraisal Co., The:
Average, 30 cities
1913=100
Atlanta
_
_. do _ _
New York _
do
San Francisco
_ _ _
_ do ._
St. Louis
do
Associated General Contractors (all types)
do _.
E. IT. Boeckh and Associates:!
Average. 20 cities:
Apartments, hotels, and office buildings:
"Brick and concrete
U.S. avg. 1926-29= 100__
Brick and steel
do
Brick and wood .
. _ do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel .
do. _.
Brick and wood
do
Frame __. _
_ _
do__.
Steel
do
Residences:
Brick
. do _
Frame
_
do .
Engineering News-Record:©
Building
.1947-49-100
Construction
_
__ .do
Bu. of Public Roads— Highway construction:
142
142
142
142
142
143
143
143
143
143
144
143
'143
143
709
771
769
659
690
522
709
772
776
660
689
525
712
778
778
669
690
526
713
779
778
669
690
526
714
779
778
670
690
526
714
779
778
670
691
527
715
787
778
674
691
527
716
787
778
674
691
529
717
789
778
674
693
529
719
720
722
789
778
671
704
537
723
789
779
671
704
538
727
803
787
679
704
537
308.9
298.6
295.3
309.2
298.8
295.5
309.1
298.8
295.4
309.6
299.2
295.9
310.1
300.3
296. 3
310.5
300. 6
296. 5
312.2
302.6
298.1
311.4
301.6
297. 6
312.0
302. 0
298. 0
313.3
302.7
298.9
314. 6
303. 2
299.1
314.7
302.7
298. 5
314.6
302.4
297.9
315. 1
302.7
297. 9
321. 0
318.4
295.0
292.0
302.5
321.2
318.6
295. 1
292.2
302.6
321. 2
318.6
295. 0
292.2
302. 6
321. 6
319.0
295. 5
292.6
302.9
322.2
319.6
296 1
293.2
303. 8
322.7
320.0
296. 3
293. 6
304.0
324.0
321.5
298.4
294.6
305. 1
323.5
320.9
297.8
294.1
304.6
324.1
321.4
298. 2
294.6
304.9
325.6
322.6
299.1
295. 6
305.6
327.1
322. 2
299.8
296. 0
303.2
327 7
321.3
299.2
295. 6
301.3
327.6
320.8
298.8
294.7
300.5
328.2
321.1
298.9
294.4
300.8
296.0
285.9
296. 2
286.1
296.2
286.1
296.6
286.5
297.3
287.2
297. 6
287. 5
299.1
288.8
298.6
288.2
299. 0
288.7
299.9
289.5
300. 5
289. 8
300.0
289.2
299. 5
288.5
299. 6
288.3
164.4
179.2
164.3
178.9
163.9
178.6
163.3
178.3
164.0
179. 2
164.3
179.4
164. 2
179. 5
164.4
179.9
166. 4
181.6
165. 9
182.5
r 166. 4
•• 166. 3
183.3
166. 4
183.4
166.0
183.1
138.2
137.3
789
778
674
696
530
134. 4
789
778
674
696
535
183.1
133.7
CONSTRUCTION MATERIALS
Output index composite unadj 9 ©
1947 49 — 100
Seasonally adjusted 9 0
do
Iron and steel products unadj 0
do
Lumber and wood products unadj 0
do
Portland cement, unadj
do
131.9
125.4
64.1
146.0
195.0
132.9
116.7
65.2
150.8
186.2
118.2
123.8
87.7
130.4
156.1
124.8
144.8
125.4
130.2
144.2
119.4
127.2
125. 6
127.2
112.4
120.8
136.7
115.6
133.3
96.8
132.4
137. 1
125.0
142.8
110.9
503, 596
202, 142
510, 029
220, 711
523, 314
237, 577
447. 928
219, 605
450, 999
241,176
417,016
195, 331
367, 646
169, 641
360, 91 6
173, 143
1, 665
1,795
1,916
1,963
2,134
1,740
1,628
1,421
1,374
1,329
1,086
1,094
881
992
472
662
287
450
645
278
465
590
274
373
486
227
377
465
252
292
386
203
2,871
3,494
74, 660
2,834
3,421
83, 027
2.799
3, 583
71, 160
2,442
3,378
78, 582
2,487
3,727
96, 444
2,079
3, 630
92, 949
r
132.9
119.8
73.9
144.3
208.2
r
'•141.7
134.1
142.0
191.6
145.4
136.3
143.3
138.6
187.8
116.6
191.3
335, 700
152, 633
322, 483
155, 139
364, 909
174, 557
362, 163
160, 340
1,520
1,558
1,574
1,770
1, 165
1,173
1,256
1,425
344
413
235
411
468
286
411
471
291
443
520
293
479
612
333
2,149
3.470
96, 782
2,406
4, 145
116,365
2. 366
3,918
98, 106
2.500
4,001
86, 940
2,690
4,514
82, 829
r 135.
r
3
133. 1
129.0
137.3
162.6
r 132. 1
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of dol
Vet Adm • Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
mil of dol
New mortgage loans of all savings and loan associations, estimated total
mil. of do!
By purpose of loan:
Home construction
_ do
Home purchase
do
All other purposes
_
do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
mil. of dot
Nonfarm foreclosures
number
Fire losses
_
_
thous. of dol
r
416.954
180 818
1, 674
1,696
1,294
1,428
'416
'"582
419
666
343
r 296
2,528
2,784
82, 998
90, 037
r Revised.
* Negative figure due to termination of contract reflected in earlier data.
2 Data according to new series recently issued by Census are as follows (thous. units): Total
nonfarm (public and private)—April-September 1960,123.6; 129.0; 125.7; 113.2; 127.8; 101.3; April-September 1959,154.3; 154.3; 152.1; 146.7; 142.0; 136.1; seas. adj. annual rate, private only—AprilSeptember 1960, 1,309.0; 1,324.0; 1,285.0; 1,164.0; 1,276.0; 1,054.0; April-September 1959, 1,599.0; 1,580.0; 1,563.0; 1,546.0; 1,446.0; 1,468.0.
s Revisions for April and May 1959: Composite—unadj., 150.3; 152.5; seas, adj., 147.9; 142.5; lumber and wood prod. (May only), 142.9.
§Data for October and December 1959 and March, June, and September 1960 are for 5 weeks; other months, 4 weeks. Contracts in Alaska and Hawaii are included beginning 1960.
cf Data for September and December 1959 and March, May, and August 1960 are for 5 weeks; other months, 4 weeks.
^Revisions for January-March 1959 for residential construction authorized and minor revisions prior to 1958 for Department of Commerce composite are available upon request.
iCopyrighted data; see last paragraph of headnote, p. S-l.
©Data reported at the beginning of each month are shown here for the previous month.
9 Includes data for items not shown sep
arately.
0Revisions for 1955-57 for the composite index of construction materials output and for lumber and wood products are in the September 1959 SURVEY (p. 20); revisions for 1958-July
1959 will be shown later.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
October 1000
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-9
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
Jtine
July
August September
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
1947-49=100-Business papers
do Magazines
do
222
235
175
230
241
173
242
242
195
224
244
184
230
235
180
227
226
182
239
246
189
241
247
198
238
256
191
245
258
195
243
242
193
247
250
195
do
- do _.
- - do
1950-52=100--
208
165
19
437
216
149
20
462
213
188
24
484
167
158
21
492
206
121
°r>
487
202
148
21
471
207
164
26
495
216
155
24
468
209
160
19
473
995
166
23
472
920
171
27
499
203
166
l?
8
547
Telovision advertising:
Network:
Gross time costs, total.
thous. of dol_.
Automotive, including accessories
_ _ do _
Druo's and toiletries
_ do _.
Foods soft drinks confectionery
do
46. 641
3,271
13, 404
8.971
48, 447
3,104
13. 525
8 78?
59, 031
5. 400
16,595
11,921
58, 328
4,978
1 5. 786
10,922
58, 669
3,874
16,631
12. 126
57,718
4,424
17, 276
11 826
55. 578
4, 495
16 875
11 354
58, 603
4, 756
1 7, 357
1 1 596
55, 923
4, 527
14,896
10, 782
55, 500
5, 056
15. 108
10 059
52 919
3. 532
16 175
10 043
55,811
3 796
14 541
8 786
5, 153
6, 352
9, 490
5 622
5, 996
11,418
6,011
6, 020
13,153
5, 364
6, 108
15, 170
5. 595
6. 41 6
14,028
5 829
7,302
11 061
5 689
6, 126
11 040
6 419
6, 427
12 047
6, 089
6. 486
13,144
5, 755
6,410
13 112
5 768
6. 651
10 744
4 377
5, 464
18 848
Newspapers
Outdoor
Radio (network)
Television (network)
- _
- -
Soaps flcansers etc
do _
Sni ok in e materials
..
_.___..-do
All other
do
Spot (national and regional):
Gross time costs quarterly total
do .
\utomotive including accessories . _ _ do _ _
Dru°'s and toiletries
do
Foods, soft drinks, confectionery
do
Soap<5 cleansers, etc
Smokin°" materials
All other
- -
-
- --
- do _
do
--- do. __
Magazine advertising:
Cost total
Apparel and accessories _
Automotive, incl. accessories
Building materials
Drills and toiletries
Foods, soft drinks, confectionery
129,553
5.177
26, 534
36, 078
165 732
5, 435
34 542
54, 440
167 981
6, 102
32 489
54, 355
19,324
7, 506
34, 934
18,318
9, 023
43, 974
20, 449
11 038
43, 548
do _ ^
do _
do
do
do
do
51,025
4,483
4, 250
1,404
5, 1 57
8,292
69 709
7, 482
3 828
4 778
6 325
7,782
90, 21 1
5, 846
12,806
3, 603
7 839
11,036
86,117
5,424
9, 483
2, 514
8 235
11,807
60, 820
3,444
4, 332
1 101
6 147
8, 905
44, 468
1 . 786
5, 067
1, 145
4 314
6.918
69, 130
3,201
7,877
2 411
6 392
10, 973
78 529
5, 532
8,332
4 254
6 587
11, 608
88, 366
6, 534
11, 599
5, 446
6 509
10, 709
86, 863
6, 548
10, 353
4,839
7 650
10,115
69 372
2,779
7,763
3 5159
7 76
9,929
51 260
742
5, 639
2 118
6 257
7, 816
51 089
5 265
4. 048
1 905
5 683
7. 541
do _
do
do
do
do _
do. -
3,127
3, 554
3, 539
479
2,448
14, 292
4 135
6 002
4.826
691
2, 518
21. 343
5, 523
9,014
5, 977
1,075
2, 354
25,138
6,014
7, 655
5, 733
942
2, 237
26, 074
7, 51 5
5.010
3,794
547
2, 365
1 7, 661
1,893
2, 1 53
2,748
547
1 , 592
16. 303
3, 80-8
4,238
4, 252
877
2, 608
22, 494
3 866
6,166
4,497
863
1 978
24 848
4,324
8, 546
5, 657
1,205
2,093
25, 745
4. 594
8,812
5,929
1,076
2,464
24, 482
3 967
5, 930
5. 238
72?
1 981
19 787
3 344
3.142
2 682
3, 005
3, 531
528
2 082
14 820
_. thous. of lines -
Beer wine liquors
Household equip., supplies, furnishings
Industrial materials
Soaps, cleansers, etc
-Smokin^ materials
All other
- - - _ _ _ _.
3,870
585
2 092
15 654
4, 603
f>, 434
5, 792
5, 244
4, 061
4,283
5.010
5 550
5,492
4,961
4 002
3 619
4 457
234, 381
Newspaper advertising linage (52 cities), total. _ _ do
67, 880
Classified
do___
Display, total
_
- --do _ _ . 166, 501
246, 914
64,199
182, 715
271,255
64, 780
206, 474
259, 509
59, 382
200, 127
250, 948
51.416
199, 532
212.027
60, 047
151,980
209, 661
58, 100
1 51 , 561
243, 585
61 127
182, 458
256, 329
65 827
190, 501
273, 697
69, 808
203, 889
250. 556
65 Oil
185 545
217,418
63 504
153 914
224, 124
63 563
160 561
_ _ d o _ _ 12,959
3,399
_ _ do _
24, 390
do
125, 754
- do
12, 245
4,014
32,411
134,045
18 409
4,780
38 403
144, 882
9. 757
4, 286
32, 997
153, 158
9,310
4,985
26 533
158,703
10,590
6,420
21 , 838
U3,132
1 2, 1 87 14
3,847
4
25 833 30
109,694 133
17,092
4 442
31 448
137 520
18,274
4.117
36 032
145,465
18
4
30
131
12
4
23
113
11
3
21
123
Linage, total
Automotive
Financial
General
Retail
_
__
-
097
753
496
112
018
79P
786
945
124
852
240
697
905
408
977
271
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:f
Goods and services, total
bil of dol
316.0
319 6
323 3
32Q o
44.0
18.2
19.1
43 5
17.4
19 2
44 2
18 5
18 9
44 5
18 9
18 7
d o __
do
do
do _ .
148.0
27.6
78 0
11.2
149 6
27 8
79 1
11.3
150 5
27 8
79 5
11.4
153 5
28 3
81 4
11.7
do _
do
do _ ..
_ do__.
124. 1
18.1
40.8
10.1
126 6
18 5
41.3
10 1
128
18
41
10
130 Q
19 1
49 5
10 5
Durable goods, total 9
_
do _
Automobiles a n d parts. _ _ ._ _ _ _ _ _ _ d o _ _ _
Furniture and household equipment
do
Nondurable goods, total 9 - _ _ _ _ _ .
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
_
Services, total 9
Household operation
Housing __Transportation.
_ _ - _
_ _
_ _
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
_
6
9
9
3
mil. of dol_.
18, 054
17, 570
19, 095
17, 635
21, 454
U6,312
15,829
17,419
19, 200
18, 548
Durable goods stores9
do
Automotive group
do
Motor- vehicle, other automotive dealers do
Tire, battery, accessory dealers - _ . _ do _ _
6,240
3 410
3,178
232
5, 708
2 878
2, 668
210
6,420
3 520
3,293
227
5, 502
2 807
2, 596
211
6, 025
2 723
2, 456
267
i 5, 097
3 025
2, 856
169
5, 232
3 129
2^964
165
5. 830
3 586
3, 402
184
6,369
3 755
3,527
228
6, 414
3 688
3, 465
223
6. 637
3 735
3.494
241
942
596
346
921
573
348
988
623
365
992
634
358
1 229
748
481
781
485
296
797
509
288
807
516
291
838
548
290
875
569
306
1,092
863
229
1,093
866
227
1,104
861
243
955
736
219
981
692
289
699
524
175
720
542
178
789
588
201
996
732
264
1 055
789
266
Furniture and appliance group
_
do _
Furniture, hornefurnishings stores
do
Household-appliance, TV, radio stores do
Lumber, building, hardware group
Lumber, building materials dealerscf
Hardware stores
do _
do
do
18,918 '18,066
' 5, 793
r 3 QQ7
T
2, 869
r
18, 150
r
5, 965
r 3 210
217
918
575
343
r 861
r 911
592
319
1 124
853
271
r 1 0<53
r 540
321
'802
'251
17, 844
2 5, 580
2 2 863
2,993
228
r
2
2 842
1 085
850
235
11 862
12, 675
Nondurable goods stores 9
do_ .. 11,814
15 429 ill 215 10 597
12 133
11 589
12 831 12 134
12 281 T 12 273 r 12 185 2 12 9f,4
r 943 r 1 001 2 i 123
Apparel group..
_ _ _
do
958
1 198
1 120
931
792
1 170
1 975
1 072
946
1 348
1 083
r 175
Men's and boys' wear stores
_
do _
172
220
199
190
432
'237
193
153
163
222
221
172
~
T 3(59
Women's apparel, accessory stores..
do _ 378
471
363
428
451
776
320
435
380
526
395
405
Family and other apparel stores
do
230
298
275
238
203
294
224
178
497
313
212
249
231
Shoe stores.
_ _ _ _ _ _ __ _ do -178
908
902
206
179
287
166
141
227
209
188
270
r 187
T
2
Revised.
Beginning January I960, data for Alaska and Hawaii are included.
Advance estimate.
t Revised series. Revisions for 1957-March 1959 appear on p. 17 of the
July 1960 SURVEY.
9 Includes data not shown separately.
cT Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1060
1959
1960
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
September
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued
Nondurable goods stores — Continued
Drug and proprietary stores
mil. of dol_
Eating and drinking places
do
Food group
do
Grocery stores
do_
Gasoline service stations
do
587
1, 458
4. 295
3,823
1,504
591
1,378
4,215
3, 746
1,419
608
1,374
4,594
4, 115
1,462
575
1,276
4,173
3,708
1,433
783
1,350
4, 698
4,158
1,437
620
1,219
4,319
3, 853
1,356
604
1,141
4,079
3,634
1,286
603
1,210
4,380
3.919
1, 388
607
1,304
4,601
4,127
1, 457
611
1,377
4,379
3,909
1,489
603
1,413
4,517
4,035
1,525
'607
'1,493
' 4, 704
'4,216
'1,587
608
'1,480
' 4, 407
' 3, 931
' 1,578
1
604
1,410
4 550
4,084
1 445
1,843
1, 057
132
304
396
1,917
1, 126
141
306
385
2,107
1,255
152
327
410
2,190
1,302
194
327
397
3, 552
2, 056
249
682
614
1,492
866
106
230
353
1,433
809
117
245
347
1,678
974
137
262
359
2,080
1,217
148
343
383
1, 840
1,074
141
298
375
1,891
1,114
134
307
380
'1,700
'969
116
'294
'420
' 1,912
' 1, 094
153
316
403
1 902
1,095
18, 110
17,784
18, 341
17,842
17,485
2 18, 090
18, 100
18, 234
18,911
18, 480
18, 504
' 18, 107
' 18, ISO
6, 095
3, 350
3, 135
215
5,773
3, 105
2. 894
211
6, 360
3, 690
3, 475
215
5, 682
2. 961
2.740
221
5, 328
2. 667
2, 457
210
2 5, 891
3, 230
3,003
227
6, 040
3 398
3.181
217
5,937
3.458
3, 250
208
6, 303
3, 582
3, 350
232
6,080
3, 375
3. 157
218
0, 010
3,353
3,142
211
Furniture and appliance group
do
Furniture hoinefurnishings stores
do
Household-appliance TV radio stores do
952
593
359
928
586
342
924
578
346
935
588
347
903
570
333
916
572
344
917
581
336
868
544
324
920
595
331
918
584
334
882
562
320
'907
'577
'330
885
569
316
Lumber building hardware group
do
Lumber building materials dealerscf
do
Hardware stores
- do_
988
758
230
964
745
219
951
728
223
971
755
216
988
773
215
967
727
240
1,003
762
241
912
682
230
999
738
201
989
743
246
983
739
244
981
'728
'253
943
715
228
12,015
1,096
217
437
257
185
12,011
1,111
213
435
260
203
11,981
1,080
203
433
252
192
12, 160
1,119
215
439
268
197
12, 157
1.150
219
454
277
200
212, 199
1, 164
230
451
271
212
12,060
1,119
215
436
264
204
12, 297
1,137
221
429
277
210
12, 008
1,108
455
977
224
12, 400
1,117
213
435
270
199
12, 494
1. 125
215
437
270
203
General merchandise group 9
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
do.
do
do
do__
do
Estimated sales (seasonally adjusted), totaL-do
Durable goods stores 9
do
Automotive group
do
Motor-vehicle, other automotive dealers. do-_ Tire, batterv, accessory dealers
- do
Nondurable goods stores9
A pparel group
IVTen's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
do —
do
do
do _ do
do
912
' 12, 420 ' 12, 416
1, 166
'1,119
'204
221
463
'451
257
263
219
'207
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do _
do
do
do
do
600
1,295
4, 305
3,834
1, 392
618
1,319
4,267
3, 7f;8
1,411
609
1,335
4,294
3,828
1, 435
607
1,306
4,390
3,916
1,438
612
1,351
4, 363
3,886
1,423
627
1,332
4,395
3,912
1,449
627
1,297
4,412
3,933
1.423
012
1,309
4,511
4,032
1,453
023
1,380
4,439
3, 904
1,490
619
1,342
4, 566
4,088
1, 451
619
1, 355
4, 604
4,123
1, 462
'629
'1,348
' 4, 474
' 3, 994
'1,474
623
1,319
4,510
4,031
1 , 465
General merchandise group 9
-Department stores excl mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
do
do
do _.
do
do _ _
1,989
1,183
144
315
398
1, 958
1.142
142
323
395
1,940
1, 139
143
312
388
1,966
1, 141
150
332
401
1,991
1,157
147
327
393
1,967
1,155
140
320
393
1,901
1,088
141
330
403
1,942
1,114
149
327
396
2,123
1,251
165
332
409
1,936
1, 114
148
334
406
1,974
1,146
149
334
419
' 2, 004
'1,185
151
' 326
'416
1,977
1.130
153
341
421
do
do _
do
24, 520
11,370
13, 150
24, 270
10, 660
13, 610
25. 130
11,130
14, 000
25. 190
10, 950
14, 240
23, 370
10, 660
12, 710
23, 660
11, 180
1 2, 480
24, 640
11,790
12, 850
25, 800
12, 230
13, 570
25, 790
12, 290
13, 500
25, 800
12. 360
13, 440
25. 340
12, 180
13. 160
do
- do. _
do
do
do
24, 800
11,620
4, 030
2,010
2,300
24, 770
11, 500
4, 830
2,000
2, 290
24,710
11,590
4, 960
1 , 990
2, 290
24, 230
11.010
4. 380
2. 010
2, 290
24, 310
10, 980
4,260
2,010
2,330
24, 490
11, 260
4, 540
1,990
2, 350
24,810
11,590
4, 870
2,020
2,340
25, 120
11, 640
4, 950
2, 010
2,310
24, 960
11,630
4, 970
2. 030
2, 290
25, 200
11, 760
5, 100
2,020
2,300
' 25, 320 ' 25, 420
11,820 ' 11,900
5, 140
' 2, 090
2, 050
2,280
'2,310
25. 190
11,650
do_
do
do
do
13, 180
2,740
2,940
4,170
13,270
2 760
2,940
4, 220
13,120
2, 700
2, 920
4,130
13,220
2 730
2,920
4,200
13, 330
2 780
2,940
4,280
13, 240
2 740
2, 960
4, 250
13, 220
2 720
2. 980
4.230
13, 480
2, 790
3, 050
4.290
13, 330
3, 90
070
4 0
13,440
2 730
3, 060
4,280
' 13, 500 ' 13, 510
2. 750
2. 740
3, 040
3, 040
' 4, 360 ' 4, 390
13, 540
2, 770
3, 040
4, 410
do
4 298
4 371
4 836
4 559
6 249
•2 3 %7
3 817
4 289
4 932
4 479
4 650
r
4, 552
4, 533
3, 833
4, 243
3 995
5. 480
2
3 468
3. 289
3, 687
4 253
3,848
4, 009
' 3, 930
3,916
Estimated inventories, end of month:
Book value (unadjusted) total
Durable goods stores
-Nondurable goods stores
Book value (seas adj ), total
Durable goods stores 9 - - - - - - --A utomotive group
Furniture and appliance group— _
Lumber building hardware group
Nondurable goods stores 9
A pparel group
Food group
General merchandise group
Firms with 4 or more stores:
Estimated sales (unadjusted) total
Firms with 11 or more stores:
Estimated sales (unadjusted), total 9
9 71 o
do
do
do
do
do
215
14
97
67
267
16
111
90
273
20
114
82
269
23
113
76
461
42
205
122
191
16
75
64
169
12
70
56
219
15
91
70
337
23
136
117
252
17
108
83
260
20
107
87
209
15
91
69
229
14
102
75
Dru" and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
98
87
39
99
84
38
101
83
39
98
76
41
100
81
44
101
76
25
96
73
34
99
78
38
104
84
30
102
85
37
106
86
41
106
91
35
104
90
38
General merchandise group 9
Department stores excl mail-order
Variety stores
Grocery stores
Lumber building materials dealerscf
Tire battery, accessory stores
do
do
do
do
do
do
1, 164
687
236
1 580
81
86
1,199
721
234
1 f>69
80
78
1,318
799
252
1 807
88
1 , 370
809
256
1 558
65
78
2. 220
1, 241
533
1 794
58
106
903
543
174
1 670
46
63
870
502
188
1 , 553
46
62
1,035
616
204
1 690
51
69
1,306
782
270
1 796
64
87
1, 154
690
232
1 622
71
88
1.205
733
241
1 090
76
94
1,081
040
227
1,792
73
88
1,225
711
247
1,624
70
84
do
3, 972
3 929
3.921
3, 934
3, 939
3 992
3, 893
3, 954
4. 092
4, 005
4. 105
'4,108
4, 079
254
20
107
74
259
19
110
81
248
18
78
258
19
108
82
207
20
110
81
269
21
112
88
260
19
108
84
251
18
104
84
270
20
114
86
257
19
107
82
200
19
110
82
258
19
109
79
274
20
114
85
103
81
39
103
81
39
101
79
34
104
79
37
108
78
37
108
105
81
37
102
80
38
109
87
37
105
85
38
109
83
41
110
86
40
109
83
38
1,211
1 205
1,238
1,214
1,166
1,220
1,211
1.209
1,305
1,273
General merchandise group 9
do
794
704
698
675
724
709
778
726
717
778
Department stores excl mail-order
do
261)
251
255
252
253
264
244
247
246
248
Variety stores
do
1, 664
1,710
1,694
1,654
1,652
1, 651
1,687
1,688
1 , 635
1,649
Grocery stores
do
59
64
64
66
66
67
68
68
71
65
Lumber, building materials dealersd"
do
80
88
81
80
83
83
84
86
82
82
Tire, batterv. accessorv stores
.-do . _ _
2
9 Includes data not shown separately.
' Revised.
* Advance estimate.
Beginning January 1960, data for Alaska and Hawaii arc included,
orials dealers, and paint, plumbing, and electrical stores.
1 . 280
765
264
1,736
66
82
Apparel group 9
Men's and boys' wear stores
"Women's apparel accessory ^tores
Shoe stores
..
Driif and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
-do _ _
do
do
do
83
31
1
5 744
12, 280
2, 090
2, 270
A pparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
2
18, 024
!
24, 950
25. 080
' 11, 990 11.480
' 13. 090 13. 470
3, 777
Estimated sales (seas a d j ) total 9
1
' 5, 687 ' 5, 774
' 3, 005 3,200
' 2, 796 3, 006
194
209
' 1 , 293
' 788
251
1.715
66
83
1,261
732
266
1,724
64
78
cf Comprises lumber yards, building
SURVEY OF CURRENT BUSINESS
October IflGO
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-ll
1959
August
1960
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month :J
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 _ -
146
371
157
380
168
388
186
405
249
458
914
463
178
449
161
438
170
434
168
429
164
427
152
429
152
408
46
15
47
15
48
15
48
15
47
15
45
14
45
14
48
16
44
15
44
15
48
15
45
14
47
15
44
41
15
42
43
15
42
43
15
43
42
15
44
42
14
43
41
16
42
42
16
42
43
15
43
43
14
43
42
15
43
42
15
44
41
15
43
42
15
133
145
150
176
260
111
106
115
150
138
137
122
177
103
124
126
176
156
173
132
138
135
160
155
186
131
142
139
177
162
217
154
164
170
208
179
325
251
233
252
291
206
139
99
101
105
135
115
137
93
95
105
122
105
149
95
108
113
143
119
194
133
139
144
172
154
173
124
130
135
159
150
165
123
129
131
156
146
165
95
113
132
102
150
141
144
165
151
154
148
170
183
190
177
181
230
245
257
289
250
281
r
108
108
112
111
121
99
102
102
105
102
121
105
107
113
114
110
126
139
137
153
165
150
153
127
138
138
157
146
132
140
155
144
154
127
134
143
144
145
133
130
134
139
134
147
144
144
147
146
146
146
142
138
154
141
145
149
do
- - do
-- - - --- --do _ .
--- -- ---do
- -- --do. _.
do _
184
121
134
137
179
153
186
127
134
135
167
151
188
129
139
138
173
162
189
129
135
138
179
156
185
129
134
141
170
155
180
131
134
139
171
156
175
130
127
136
163
144
162
122
125
139
164
142
192
134
145
144
181
164
176
125
132
139
159
150
183
129
134
139
170
154
194
-
132
128
133
137
135
144
149
144
153
T 136
131
136
144
143
153
r
Sales unadjusted total U S
\tlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
--
1947-49=100--
do..
- do
- - -- do
-- do
___ __ do
do_ _.
Minneapolis
N"ew York
Philadelphia
Richmond
St Louis
San Francisco
do
do
do
do _ _
-- ---do --.
- do
- - -
Sales seasonally adjusted total U.S. 9
\tlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
- - ---
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
__do_
- do
- do
do
-- -do ...
--- do
-do
- -
Stocks, total U.S., end of month:
Unadjusted
- - - Seasonally ad justed 9
do
...do
T
* 114
98
r
r
r
116
156
140
•• 1C9
r
101
108
129
119
142
r
125
r
143
141
175
159
r
P 132
v
v
P
p
T
P
170
106
123
128
165
153
p
P
r>
P
p
p
132
109
114
135
134
154
r p 144
p
P
p
p
p
P
178
124
134
139
169
150
p
p
p
P
P
P
132
137
136
149
140
155
137
134
140
158
148
158
131
134
140
156
149
155
133
135
140
156
143
158
* 137
152
144
157
136
131
138
154
140
157
135
146
156
150
156
135
133
143
149
134
158
123
126
134
140
131
157
147
144
151
168
159
159
'157
-•160
168
160
177
158
182
160
145
161
144
161
152
160
165
162
165
159
163
161
157
165
12.2
13.0
13.0
12.5
11.4
12.5
12.2
12 3
4 6
7 7
12 8
4 8
8 0
r 11 Q
12 9
7 0
5 9
12 9
7 0
5 9
r 13 ()
6.9
6.0
7 0
59
13 0
6 9
6 1
'136
135
142
r 156
144
159
158
167
p 143
P 142
P 165
p 169
WHOLESALE TRADE
Sales estimated (unadj ), total
Dunble goods establishments
Nondurable goods establishments
_ _ ..bil. of dol_.
do _
_ _ _ do
Inventories estimated (unadj.), total _
Durable goods establishments
Nondurable snoods establishments
_ _ d o -..
do_ _ _.do
4.7
7.5
12.4
6.6
5.9
4.9
8.1
4.8
8.1
12.6
6. 5
12.8
6.1
6.5
6.3
13.0
4.6
7.9
4.6
8.4
12.9
12.6
6.4
6.4
11.3
4.1
7.2
12.7
6.4
6.2
6.5
6.2
4.2
7.2
4.5
8.0
12.7
12.9
6.7
6.0
6.9
6.0
4.6
7.6
12.9
4 2
7 3
12 9
4 7
8 2
EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total, incl. armed forces overseasj
]
thousands.. 177,374 1 178, 252
178, 522
178,782
179,017
123, 785
123, 908
124,034
179,245
179, 452
179,647
179, 864
180, 078
180, 299
180, 529
180, 793
124,606
124, 716
124, 839
124,917
125, 033
125, 162
125, 288
125, 499
70, 689
70, 970
70, 993
72, 331
73, 171
75, 499
75, 215
74, 551
2
68, 168
64, 020
2
4, 611
2 59^ 4Q9
2
4, 149
68, 449
64, 520
4,619
59, 901
68, 473
64' 267
4, 565
59, 702
70, 667
67^ 208
5, 837
61 , 371
3' 459
73, 002
(iS, 579
6, 856
6l', 722
4, 423
72, 706
4*206
69, 819
66, 1 59
5, 393
60, 765
3, 660
6' 885
61 ' 805
4, 017
72, 070
68, 282
6, 454
61 828
3^ 788
2 7] 155
2 07, 707
2 0( 5N(s
2 01' 179
2 3^ 3^
181, 085
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, totalcf
thousands.. 123, 549
123,659
2
2
2
125,717
73, 204
72, 109
72, 629
71, 839
71, 808
70, 667
Civilian labor force total®
do
Employed _ _
_
_ . _ . _ _ d o . . _ . 67, 241
6, 357
Agricultural employment
- do
60, 884
Nonagricultural employment
do
3,426
Unemployed
_ _ _ - _
do. _
Percent of civilian labor force:®
4.8
Unadjusted
5 4
Seasonally adjusted
09, 577
66, 347
6, 242
60, 105
70. 103
66, 831
6, 124
60, 707
3,272
69, 310
65, 640
5, 601
60, 040
3, 670
69, 276
65, 699
4,811
60, 888
4.6
5.6
4.7
6.0
5.3
5.9
5. 5
2
6.1
2 5.2
5. 7
4. 8
6. 1
5 4
5. 2
5. 0
4. 9
4' 9
6. 1
5. 5
5 4
5 3
5 ()
50, 345
51 550
51, 155
52, 068
52, 225
2 53t 917
53, 746
53, 845
52, 587
51 , 862
49, 663
50 074
50 948
2 52 045
52, 066
52, 648
52, 569
10, 197
9, 168
52, 793
16,280
53,756
16,484
16,470
52, 078
9, 640
6* 830
52, 000
16, 520
9, 680
6,' 840
52, 1 72
16, 478
9, 630
6,' 848
52, 844
16, 380
9, 548
6,' 832
52, 957
9. 577
(S, 907
9, 51 6
6, 832
53, 309
16, 422
9, 504
6, 918
' 52, 923 r 53, 052
"• 16, 250 r 16, 396
r 9 342
r 9 301
r gt 908
T 7 095
f 53, 48S
" 16, 465
P 9 37 1
p 7 094
P 671
Total labor force, including armed forces
Not in labor force
...do
thousands
Employees on payrolls (nonagricultural estab.):
Total, unadj. (excl. Alaska and Hawaii) A--thousands_
Manufacturing
do.. _ .
Durable goods industries
do
Nondurable goods industries
do
Mining, total
__ _
_ _ _ _ _ _
do
Metal
do
Anthracite
do
Bituminous coal
_ _
_
do
Crude-petroleum and natural-gas production
thousands..
Nonmetallic mining and quarrying
..do
r
16,169
9,058
3,230
16,367
3,577
5.2
2
2
3^931
16,348
C)8, 689
7, 111
9, 225
7, 142
7,029
9, 313
6, 967
639
62
15
136
620
47
16
136
621
47
16
145
660
67
16
164
668
70
16
174
658
73
16
173
669
89
16
173
666
93
14
172
677
95
13
169
677
96
12
167
681
97
12
164
r 655
r 674
94
11
141
96
1]
158
310
116
306
299
115
114
298
114
297
112
291
105
288
104
285
103
287
113
286
116
292
117
'292
292
118
2
r 118
73, 672
2
4 8
257
Revised.
p Preliminary.
1 See note marked " §".
See note marked " cT".
t Revised beginning August 1959 to include data for Hawaii.
9 Revised for a number of months
in recent years to reflect up-dating of seasonal factors; revisions prior to April 1959 will be shown later.
§Estimates for Alaska and Hawaii are included effective with February 1959 and
September 1959, respectively; preliminary estimate of civilian population in Alaska (Jan. l, 1959), 153,000 persons and in Hawaii (Sept. 1, 1959), 603.000 persons. Revisions for February 1957August 1958 are shown in the November 1959 SURVEY (bottom p. S-ll).
®For 1947-59 figures, reflecting adjustments of 1947-56 data to new definitions adopted January 1957 and use of
revised factors in computing the seasonally adjusted unemployment rates, see pp. 22 and 23 of the April 1960 SURVEY.
cfDuta beginning January 1960 include figures for Alaska and Hawaii; January 1960 estimates for these States (thous.): Noninstitutional population, 500; civilian labor force, 282; cmployed persons, 266; nonagricultural employment, 229. Estimates for agricultural employment and unemployment can be regarded as comparable with pre-1960 data.
ATotal unemployment in U.S., including Alaska and Hawaii (thous.): I960—July, 53,184; August, 53,310;'September, 53,735.
SURVEY OF CURRENT BUSINESS
S-12
October i<H»0
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
October
August
February
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls of nonagricultural cst,, unadjusted — Continued
Contract construction .
thousands. Transportation and public utilities 9 _
do.__
Interstate railroad^
do_
Local railways and bus lines
do
Telephone
Wholesale and retail trade
Wholesale trade
Retail trade 9
General merchandise stores
Food and liquor stores
-
do
do
do
do
do
do. -
Finance insurance and real estate
do
Service and miscellaneous 9
do
Hotels and lodging places
do
Laundries
_ _ _ _ _ do. _ _
Cleaning and dyeing plants
do
Government
do
Total, seas. adj. (excl. Alaska and Hawaii) A- -do
Manufacturing
do
Durable goods industries
_ _
do
Nondurable goods industries
do
A I in in c
Contract construction _ _
Transportation and public utilities. _
do
do
-do
Finance, insurance, and real estate
Service and miscellaneous.
Government
- -
do
-do
do
Production workers on manufacturing payrolls, unadj.:
Total
thousands
Durable goods industries
do
Ordnance and accessories
do
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
do
Blast furnaces, steel works, and rolling mills
thousands..
Fabricated metal productscf
Machinery (except electrical")
Flectrical machinery
Transportation equipment 9
Motor vehicles and equipment
\ircraft and parts
Ship and boat building and repairs
Instruments and related products.
Miscellaneous mfg. industries
do
do _
do
do _
do
do
do
_do__.
do
3,107
3.922
928
92
855
711
588
3. 043
3,927
906
92
881
70S
584
2. 961
3.910
893
92
898
703
578
2. 856
3. 912
898
92
893
703
577
2. 099
3, 940
920
91
897
701
576
2, 453
3,882
901
91
876
698
574
2. 389
3.887
900
91
878
699
574
2, 312
3, 900
904
91
883
700
568
2, 590
3,917
910
91
881
703
574
2,830
3, 924
914
91
880
704
575
2,977
3,942
920
91
887
707
582
'3,098 '3,116 P 3. 057
' 3, 939 ' 3, 919 p3,913
912
904
91
90
879
877
714
'714
'589
587
11,360
3, 081
8, 279
1 408
1,604
801
11.464
3 097
8, 367
1 463
1, 612
799
11.551
3. 121
8,430
1, 521
1. 627
802
11.723
3.141
8, 582
1,628
1,646
804
12,845
3. 1 55
9. 190
2, 025
1,663
815
11,424
3.113
8.311
1 , 465
1.630
800
11.329
3,114
8.215
1.402
1,635
801
11,325
3.111
8,214
1. 404
1.634
801
11,620
3. 120
8, 500
1, 511
1, 649
815
11,543
3,111
8,432
1 , 466
1,649
819
11, 637
3,129
8, 508
1, 462
1,656
827
* 11,591 ' 11,583 p 11. 678
'3,138 ' 3. 154 p 3, 155
' 8, 453 ' 8, 429 P 8, 523
' 1,433
1,449
1,642
'•1,660
824
820
2 474
6. 582
603
316
166
7,813
2 452
6 617
522
313
170
8. 158
2, 441
6, 614
476
312
174
8, 274
2, 438
6. 593
470
311
175
8, 331
2. 438
6, 547
463
309
173
8, 035
2. 429
6, 474
453
307
172
8,288
2, 439
6. 484
460
306
170
8, 343
2, 444
6,511
459
305
169
8, 536
2. 463
6, 644
479
308
177
8, 553
2, 469
6,717
497
312
179
8,449
2,496
6, 745
524
315
181
8,409
52. 023
16, 037
9.094
6, 943
52, 154
16. 141
9. 214
6, 927
52, 002
16 022
9. 129
6, 893
52, 253
10. 174
9, 266
6, 908
52. 674
16, 436
9, 542
6, 894
52. 880
16. 562
9. 655
6. 907
52,972
16, 567
9. 667
6, 900
52, 823
16 509
9, 603
6. 906
53, 128
16, 527
9, 552
6, 975
53, 105
16.540
9, 537
7,003
53, 140 --53,145 ' 53, 036 r 52. 994
16. 498 r 16,417 ' r16. 274 p 16. 238
9. 342
9. 499 * 9, 452
v 9, 359
6. 999 ' 6. 965 ' 6, 932 p 6, 879
633
2,814
3, 893
11,529
2,437
6, 549
8,131
617
2, 776
3, 899
11,464
2. 452
6, 584
8,221
621
2, 762
3. 900
11,478
2, 453
6, 549
8,217
657
2. 792
3, 902
11.452
2. 450
6. 593
8,233
605
2, 800
3,917
11,486
2. 450
0,613
8. 307
658
2. 775
3. 941
11.594
2. 454
6. 606
8. 290
669
2,781
3, 933
1 1 . 627
2. 464
6.616
8,315
666
2, 601
3, 920
11,595
2, 456
6. 577
8, 199
684
2, 752
3, 924
11,652
2, 463
6.611
8, 515
684
2,783
3, 927
11,675
2,469
6.618
8. 409
678
2.790
3, 926
11,712
2, 471
6. 645
8.420
12, 173
6,679
71
12. 373
6, 847
74
12.201
6, 786
73
12, 274
6, 922
73
12. 466
7,173
74
12.449
7, 230
74
12.494
7, 268
75
12,435
7, 205
75
12, 334
7, 123
74
12. 292
7,084
73
12. 332
7, 056
72
599
295
327
457
975
584
286
328
452
1,039
561
277
327
443
1,048
592
289
324
452
993
617
296
327
456
970
r 606
328
445
1,052
556
275
327
443
1,043
569
282
327
448
1,020
r 2, 530
'6,715
r592
316
176
' 8, 145
' 658
' 2, 858
' 3.910
<• 11.736
r
2. 480
' 6. 682
* 8, 404
' 12, 145
' 6, 888
72
628
305
324
468
628
620
304
329
469
611
612
300
329
458
602
132
123
119
493
528
532
532
526
511
495
469
'439
812
1,147
893
1,208
623
435
107
232
420
800
1,136
882
1,026
439
429
118
232
415
841
1, 166
892
1, 172
593
422
116
232
393
857
1, 179
892
1,239
658
416
121
230
379
863
1,191
890
1,245
675
412
109
231
388
854
1,186
879
1,221
652
407
110
230
392
837
1, 176
860
1,187
623
398
113
230
395
836
1,159
855
1,174
616
388
115
228
397
840
1. 154
859
1,127
615
348
111
228
405
'817
' 1, 130
'850
' 1, 105
'574
'358
'119
' 223
'389
815
1, 138
850
1,132
520
445
117
224
401
841
1, 167
888
1,200
600
445
107
231
417
561
'291
-321
450
'924
' 2, 535 p 2, 513
' 6 686 p 6. 713
590
313
172
r
8, 143 P 8, 478
' 667
P 668
' 2 822 p 2. 789
' 3. 890
p 3. 885
Ml, 755 p 1 1 . 678
' 2, 498 p 2.513
' 6. 653 p 6, 680
' 8. 477 P 8, 543
' 12, 283 p 12. 357
r 6, 839
p 6. 905
r 72
p71
' 608
293
'328
'452
'910
p 589
P326
P452
P 904
430
'822
P830
'1,111 p 1,098
' 860
p 873
'1,040 p 1,118
510
365
119
'226
P225
'410
P419
5. 352
5, 219
5,211
5, 293
5,230
5.494
5, 415
5,208
5, 526
5, 226
5, 276 ' 5, 257 ' 5, 444 p 5, 452
Nondurable goods industries
do _
1,032
990
954
934
960
1,176
939
1, 080
967
1,162
1,015 '1,064 ' 1, 150 p 1, 161
Food and kindred products 9
_
do
241
244
234
232
245
249
233
236
229
237
242
'243
245
Meat products
do
136
178
134
152
151
315
226
150
134
316
173
'219
306
Canning and preserving _
do
161
162
166
166
163
161
166
161
165
164
'165
164
161
Bakery products
do
82
78
81
69
71
68
90
93
76
98
68
69
'80
Tobacco manufactures
do
p 98
861
876
867
860
863
863
887
890
885
860
867
848
859
p 852
Textile mill products 9 _ _ _ . _
do
370
368
370
368
372
372
367
365
372
367
365
360
360
Broadwoven fabric mills
do
204
190
197
196
195
210
208
201
210
205
191
' 197
206
Knitting mills
do
1,091
1,118
1,082
1, 103
1,079
1,107
1,103
1,111
1,085 ' 1, 060 ' 1, 106 p 1,097
1, 106
1, 100
Apparel and other finished textile p r o d _ _ _ d o _ _ _
447
452
446
451
448
454
449
454
446
452
444
460
'452
Paper and allied products.
do_._
P455
223
222
222
222
222
222
223
227
222
' 222
227
226
227
Pulp paper and paperboard mills
do
562
570
568
571
568
558
567
565
570
572
'568
570
573
Printing, publishing, and allied industries. _do
p 576
536
539
540
551
532
537
537
547
540
540
'537
Chemicals and allied products
do
540
' 540
p 539
208
207
207
209
209
208
207
208
210
'211
211
212
208
Industrial organic chemicals
do .
154
154
154
155
154
155
151
151
155
153
156
153
' 154
Products of petroleum and coal
do
p 153
116
116
115
116
116
115
117
117
116
118
117
' 117
Petroleum refining
do
117
208
209
208
208
204
212
209
201
198
192
212
198
' 197
Rubber products.
do
p 198
329
332
331
328
317
339
331
329
315
335
322
323
331
Leather and leather products
do
P 322
Production workers on mfg, payrolls, seas, adj.:
12.536
12,
169
12, 462
12, 472
12, 052
12,417
12,537
12, 154
12, 030
12,476
Total
thousands
12, 407 ' 12 321 ' 12 172 p 12 136
7,244
7,179
7,126
(5,873
6, 746
7.137
7,255
6,717
7,106
7, 051 ' 7, 000 ' 6, 881 p 6 894
Durable goods industries
do
6,837
5. 292
5, 296
5.283
5, 284
5,346
5, 335
5, 280
5, 282
Nondurable goods industries
do
5, 317
5,370
5,356 ' 5, 321 ' 5, 291 P 5, 242
Production workers on manufacturing payrolls:
Indexes of employment:
100. 6
99. 2
100.5
99.7
' 98. 2 '99.3
98. 6
100. 8
99.4
98.4
101.0
99.7
Unadjusted
___
1947-49=100..
100. 0
P99.9
101.4
100.8
100.4
100.8
100.9
' 99! 6 ' 98.4
97.3
98'. 4
101.4
Seasonally adjusted
do
97.4
100.3
98.3
P9S 1
Miscellaneous employment data:
Federal civilian employees (executive branch):
2
2
2,212.9 '2,213.3 ' 2,213. 9
United States!
thousands
2,192. 1 2, 172. 4 2, 176. 7 2, 200. 3 12,500.1 2, 1 58. 7 2, 160. 5 22,339.7 2, 342. 9 2 2,220.2
2
210.0
211. 9 2 218. 1
208.8
209. 5 i 217. 5
218. 5
Washington, D.C., metropolitan area.
do. _
208.2
210. 9 2 212. 2 2212.2
217.9
211.1
Railroad employees (class I railroads):
813
824
826
Total
thousands
804
810
812
816
828
834
^818
839
P 816
814
p 787
Indexes:
60. 9
60.9
61.8
Unadjusted
1947-49=100..
61.2
60.9
60. 8
62. 2
'62.0
p 61. 5
63.5
61.7
62.7
p 54. 4
61.6
60.4
62 6
62.2
62.2
63.0
61.7
Seasonally adjusted
do
62.4
61.4
"60.4
61 0
61.3
'60.7
61.5
"59.2
r
J
Revised.
P Preliminary.
Includes Post Office employees hired for Christmas season; there were about 307,100 such employees in the United States in December 1959.
2 includes
the following number of persons hired for the decennial census: Total U.S..180,000 (March); 181,100 (April); 53,700 (May); 15,600 (June); Wash., D.C.area, 680 (March); 910 (April); 340 (May);
240 (June).
9 Includes data for industries not shown.
cTExccpt ordnance, machinery, and transportation equipment,
A Total employees, incl, Alaska and Hawaii (thous.): 1960—July, 53,407; August, 53,294; September, 53,238. ^Employees in Alaska and Hawaii are included effective with January 1959 and
August 1959, respectively. For all branches of the Federal Government, Chilian employees in Alaska (at the end of January 1959) totaled 13,200 persons and in Hawaii (at the end of August
1959) 21,900 persons.
SURVEY OF CURRENT BUSINESS
October I960
S-13
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
Xovem- DecemAugust SeptemOctober
ber
bcr
ber
January
February
March
April
May
August September
July
June
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
Construction (construction workers) _ . _
Manufacturing, (production workers)
Mining (production workers)
1947-49=100..
do
do. _.
257. 7
164. 9
98.4
242.9
169 1
94.3
239.1
165 9
95.9
176 1
172 6
106 5
207.9
168 8
108.7
230.5
171 5
107.8
246. 9
172 5
108.4
8
6
4
7
1
39 7
2 5
40 3
2 *>
41 5
39.3
2. 1
39 9
2. 1
40.8
39
2
40
2
41
40
2
40
2
40
221.8
166 8
104 4
214 8
175 4
110 5
185 4
175 5
105 4
180 2
173 9
104 4
40
9
41
2
41
40
2
41
2
41
39
2
40
2
41
r
r
r
262. 8
169 0
103. 3
266. 2
170 2
105. 1
T
p 171 1
HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls of
nonagricultural establishments:
All manufacturing industries
hours
Average overtime
__
do
Durable goods industries
do
Average overtime
- do
Ordnance and accessories _
_ _ do _ _ .
Lumber and wood products (except furniture)
hours. _
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clav, and glass products
_ do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
hours ...
Fabricated metal products cf
do
Machinery (except electrical)
do
Electrical machinery
do
40 5
2.9
40 8
3.0
40.7
40
3
40
3
41
3
0
8
0
1
40 3
2 8
40 9
2 8
41.3
39
2
40
2
41
41.1
41.3
41 7
41. G
39 7
40.7
40.7
41 3
41 0
40 0
40.8
40.7
41 8
41 2
39 9
40.1
40. 3
41 1
40 8
38 8
40.2
40.7
41 8
41 0
41 ]
39.3
39.7
40 3
40 4
41 1
39.4
39. 4
40 3
40 2
40 3
38.8
39 0
39 \
39 9
40 1
39.9
40.6
39 9
40 3
39 4
40. 1
40. 9
40 1
40 9
38 9
3P>. 0
41.6
41.1
40. 5
38
41
41
40
3
7
1
7
38. 0
41 0
41.2
40 8
37
40
40
40
7
1
8
5
41
41
41
41
2
4
7
0
41
41
41
40
2
'>
3
7
40
40
41
39
0
5
o
9
39
40
41
40
9
5
2
1
39.3
39 9
40.8
39 2
38
40
41
39
do. ..
do
do
do ...
do
do
40.2
40 2
40.6
39.0
41.0
40 4
40
40
40
38
41
40
0
1
4
4
0
5
40 6
41 1
40 7
38.3
41 1
40 7
39
38
40
38
41
40
2
*?
6
5
0
4
40
40
41
39
41
40
7
q
0
1
3
(,
42
43
40
38
40
40
0
7
6
9
6
1
40
41
40
39
40
39
8
5
o
2
2
9
40
40
40
39
40
40
6
8
8
4
8
3
39. 7
39 5
40.1
39. 5
40. 1
39 2
do
do
do
do __
do
do
40 1
2 9
41.4
40.8
41.9
40.2
39
3
41
43
39
40
8
0
4
1
2
6
39
2
40
43
38
40
5
8
8
3
0
2
39
9
41
43
36
40
6
7
0
3
9
1
3Q
2
41
42
38
40
8
7
1
4
5
2
39 4
2 ft
40 6
42 9
38 4
39 4
39
2
39
39
37
39
o
5
(}
2
8
7
38
2
39
39
37
39
8
4
7
\
5
9
38 6
do...
do
do
do
40.7
40.8
41.6
39.4
40
39
40
38
9
8
3
3
40
40
41
38
2
5
5
7
38
40
41
38
2
5
5
9
39
40
42
38
7
8
0
1
38
40
41
37
36
40
41
37
1
1
9
4
34
39
40
36
Apparel and other finished textile prod
do _.
Paper and allied products. _
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries. _do
37.4
43.1
44.1
38.3
36 4
43 2
44 3
38.8
36 2
42. 9
43 9
38.4
36 7
42 7
44 0
38.3
36 5
49 7
43 9
39. 0
36 0
42 5
43 g
38.3
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
_
Rubber products
Leather and leather products
41.2
41.1
40.6
39.9
42.3
37.8
42 3
42 6
41 5
41 1
41.3
36 7
41 6
41 4
40 8
40 2
40.8
36 2
41
41
41
41
39
37
7
6
0
2
7
3
41
41
40
40
40
37
9
9
6
6
8
7
41
41
40
40
40
37
41.2
39.4
27.9
36.7
40
40
31
35
41
40
30
37
40
41
34
35
7
7
0
8
49
42
34
40
i
2
2
9
40
4'?
31
38
40.9
45. 4
41 1
44.6
40 4
44.3
41 2
43.2
OQ Q
43.0
36.9
36 6
39.5
35 8
37 0
40.6
36 0
43.1
39.2
40.9
42 3
40 6
41 3
40.5
38.6
35.3
37. 1
43.9
40.6
39.6
37.7
8
4
9
3
0
r 3Q 8
40. 5
41.0
40 2
41 0
38 9
39.3
••39.9
40 0
40 8
38 7
MO.l
40.4
r 40 8
41 0
7
38 1
1
8
3
9
37. 7
40 9
41.2
40 1
r 37
40
40
r
39
2
5
9
3
40
41
41
40
40
39
9
1
0
1
5
9
40 5
40 6
40 8
39. 7
40 7
39 9
40
40
41
39
40
39
2
0
1
3
4
4
39 8
39.4
37 7
39.9
39
2
40
40
38
40
3
5
6
8
7
3
39
2
40
40
37
40
8
4
7
5
36.0
39 6
40. 6
37 3
38
40
41
38
1
l
0
3
39 93
40
41 1
38 6
36 2
42 1
43 5
38.0
35 8
42 1
43 4
38.2
35. 1
41.8
43 1
37.8
36 3
42 o
43 6
38.4
36 3
42 6
43 7
38.1
r
36 4
r
42 5
r 43 8
38.2
3
3
2
0
7
9
41
41
40
40
40
37
41
41
40
40
39
37
42 1
41.9
40 8
41.0
38.3
35. 4
41
41
40
40
39
36
6
8
7
9
7
3
41 99
42
41 1
40 8
40 6
37 8
r 41
7
5
8
7
39 9
40 8
37 3
40 8
49 o
36 9
38 8
41
42
29
37
41
42
99
36
0
7
6
4
41
42
33
37
40 5
43 3
41 1
41 8
39 9
41 2
40 4
41 1
40. 7
43.8
41 0
43 9
40 4
45 2
40 9
45 0
40 3
45 0
35 7
38 9
34 8
36 7
39 4
36 1
35 1
37 5
34 6
35 0
38 2
34 3
35 0
39 91
34
36 9
41. 1
35 9
36 9
40 7
35 9
37 4
41 6
36 3
r 37 8
r
42 2
36 7
37 8
42 2
36 7
42 6
39 9
41.3
42 8
40 7
41 3
42 9
39 2
40 9
42 3
38 8
40 9
42 5
39 2
40 6
49 7
39 1
40 7
42 7
38 9
40 8
43 2
39 °
40 8
43 5
39 4
40 8
43 2
r 39 g
T 40 9
42 6
39 Q
40 9
40 5
40 5
40 4
40 5
40 0
39 8
39 9
40 1
40 2
40 3
T 40 G
40 4
38.1
34.4
36 7
43.7
37.7
34 0
35 9
44.0
37.5
33 9
35 8
43.7
38.2
36 5
35 7
43.8
37.4
33 7
35 4
43.8
37.4
33 7
35 2
43.7
37.4
33 8
35 3
43.8
37.7
34 5
35 6
44.1
37.4
33 7
35 3
43.9
37 8
34 3
35 9
44.1
38 2
r 35 o
36 4
44.1
38
34
36
44.
40 3
39.8
38 8
40 5
39.8
40 0
40 2
39 3
39 1
40 0
39 7
39 5
40 1
39 2
38 2
39 7
39 i
37 7
40 0
38 9
37 9
39 6
40 0
40 8
39 9
39 9
39 4
40 0
39 9
39 9
40 0
r 39 8
40 4
39 4
37 7
89.47
96.70
105 22
89.06
96 52
106 55
88.98
95 44
106 97
92. 16
99 87
109 10
92.29
100 86
108 21
91.14
98 98
10" 68
90.91
98 74
108 73
89. 60
97 36
106 49
91.37
98 18
107 79
91. 60
98 98
107 30
91. 14
r 97 70
r 105 20
82. 62
79 77
75 58
91 43
82.42
79 37
76 49
91 88
80. 60
78 18
75 21
91 39
80.40
78 14
77 33
92 25
77.03
75 83
74 56
91 30
78.01
75 95
74 56
90 g^
77.60
75 °7
72 73
90 57
80. 20
77 95
73 8^
91 08
81.40
78 94
74 19
92 84
83.84
81 18
74 77
93 07
'81.35
r 79 oo
r 74 40
93 Q^
Primary metal industries..
_.
_ do
104. 81
106 40
Blast furnaces, steel works, arid rolling mills
dollars. _ 113.09
118.73
•• Revised.
* Preliminary.
9 Includes data for industries not shown separately.
cfExcept ordnance, machinery, and transportation equipment.
105 74
107 86
117 14
117 96
1 1 5 °6
114 29
112 29
109 70
109 70
T 108 75
116.66
113. 10
115.74
r
Transportation equipment 9 .. __
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg industries
Nondurable goods industries
Average overtime
Food and kindred products?
Meat products
Canning and preserving
Bakery products
Tobacco manufactures
_ __
Textile mill products 9
Broadwoven fabric mills
Knitting mills
_ __
_
do
do
do
do _
do
do _
Nonmanufacturing industries:
Mining
_
do
Metal _ __
do
Anthracite
do
Bituminous coal _
do _
Petroleum and natural-gas production (except
contract services)
hours
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
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, vear-round
_
do
Laundries...
do
Cleaning and dyeing plants
do
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments:
All manufacturing industries
dollars ._
88.70
Durable goods industries
do
95.88
Ordnance and accessories
do
103 38
Lumber and wood products (except furniture)
dollars. . 82. 61
Sawmills and planing mills
do
80. 95
Furniture and
fixtures
do
76 31
Stone, clay, and glass products
do
92 35
7
2
9
2
1
4
0
9
9
6
1
5
3
6
7
1
7
8
127.72
3
8
0
9
3
4
3
5
3
128. 54
3
3
3
2
0
2
97 9
123. 60
3
3
3
2
4
1
122.89
1
7
2
4
122.22
9
4
4
4
3
116.21
0
5
4
4
8
r
r
r
r
T
5
5
6
7
7
8
39
2
39
2
40
r
2
40
r
2
r
40
r
0
40 4
39 8
f 39
38
41
39
r 40
6
7
1
4
3
p 39. 6
P 40 9
p 40 4
v 37 9
p 40 6
p 40 5
p 39 8
p 40 6
p 40 2
D
39 8
T 3U
P 39 o
5
2 c.
1
2
5
9
r 41 1
r
37 6
r 39 7
40 6
r 37 8
r
r 39 7
40 3
38 5
P 41 ()
40 9
40 8
40 5
r 38 4
f)
9
5
2
6
4
36 7
42 6
43 8
r
38.3
P 35 5
i' 42 4
r 41 3
P 41 3
41 3
r 41 5
r 38 ()
p 38. 2
7
i> 41 4
40 3
3°> 9
T 38 i
p 40 0
P 3(> 3
40
49
34
34
42 4
r 34 o
T 37 3
P 39 5
P 38 4
r
r 4()
r
113.83
6
4
0
4
8
r 40 0
9 (j
41
41
41
40
38
p 39
i> 2
p 40
v2
p 40.
36 6
r 41
39 6
41
r
41
T 39
40
°
3
9
i
4
0
3
0
r
7
8
3
5
3
9
3
1
r
90. 74
r 97 flo
r 105
f)()
p 90. 68
P 98 00
p 108 19
' 83. 41 p 82. 37
79 99
p 70 4^
r 75 89
93 48
p 9'} 52
r 10() f,8
110.90
P 1 oo ]_o
SURVEY OF CURRENT BUSINESS
S-14
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
August SeptemOctober November
ber
December
January
February
March
April
May
June
August September
July
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments— Continued
All manufacturing industries — Continued
Durable goods industries— Continued
Fabricated metal products cf
- dollars
Machinery (except electrical)
_
__do
Electrical machinery
do
Transportation equipment 9
-do
Motor vehicles and equipment
- - do
Aircraft and parts
- --do
Ship and boat building and repairs
do
Instruments and related products
do
Miscellaneous mfg. industries
-- _do
99.01
102. 34
89.91
108. 14
110. 15
107. 18
102.57
93.48
76.76
99. 66
103. 16
90.76
108. 40
111.48
107. 06
99.84
93.89
76. 95
96. 76
103. 82
91.39
109. 62
113.03
108. 26
99.20
94. 53
77.33
94. 64
102. 82
90.72
104. 66
102. 38
108. 00
101. 26
94.71
77.16
99.77
105.92
93. 07
110.70
113.29
109.88
102.44
96. 23
78.76
100.94
105. 32
92.80
115.92
124.11
108. 40
101.92
94.19
78.20
98.42
104. 55
90.97
111.79
116.62
108. 81
102. 31
94.07
77.81
98.42
105. 47
91.43
110.84
1 13. 83
109. 34
103. 62
95.88
78.18
96. 56
104. 04
88.98
107. 59
108.23
107.07
103. 49
93.43
76. 05
99.96
106.14
91.37
111.66
113.85
110.29
105.46
94.77
77.41
100. 21
105. 88
92.23
110.97
112.87
110.57
105.60
95. 65
77.41
do
do
do
do
-_do
80.20
84.87
95. 06
71. 65
83.21
80.79
86.11
101. 29
67. 82
85. 67
79.79
85. 68
103. 05
65. 74
84.42
80.39
87. 74
105. 22
63.47
85. 01
81.19
88.78
104. 73
68. 1 5
85. 22
80.77
88. 91
104. 66
68. 74
83.92
79. 95
86. 33
95. 26
69. 1 7
84.56
79. 03
86.94
95.01
69. 75
85.39
79. 52
87. 16
95. 74
69. 75
85. 79
81 . 35
88.91
99. 55
70.05
87.05
82.16
88.51
98.90
67.86
88. 54
r 82. 37
' 81. 77 P 81. 51
89.60 ' 88. 37 P 88. 56
' 100. 94
98.98
' 70. 71 74. 66
89.16
88.29
Tobacco manufactures
do
Textile mill products 9
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries-do
65. 93
64. 87
64. 90
58. 71
56. 85
95. 68
104.08
103. 79
63.40
63. 28
63. 27
57. 45
55. 69
96. 77
106. 32
106. 70
63. 92
64. 40
64. 74
57. 66
55. 02
95. 67
104. 48
104. 83
64. 56
64. 40
64. 74
57.96
56. 15
95. 22
104. 72
103. 79
67. 49
64. 87
65. 52
56. 77
55. 85
95. 22
104. 48
106.86
66. 05
64.48
64.74
56. 32
55. 44
95.20
104.24
104. 56
61.37
64.16
64. 27
56. 47
56.11
94.73
103.97
104.12
59.86
63. 83
65.12
55.48
55. 85
94. 30
103. 29
105.05
64. 80
63. 76
64. 96
55. 95
53. 70
93. 63
102. 15
103. 95
68.58
65. 36
66. 01
58. 22
55. 90
96.05
104. 64
106.37
71.53
65.53
66. 58
58. 67
55. 90
97.13
106. 19
105. 54
68.43 ' 65. 02 P 63. 99
64.31 ' 64. 31 "62.21
65. 37
64. 88
57. 60
58.14
r
56. 42
57. 62 "p 56. 09
97.33 ' 97. 98 * 97. 94
' 106. 87 107. 75
' 106. 20
' 100. 09 "106.58"
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubb^r products
Leather and leather products
100. 53
106. 45
116.12
118. 50
105. 33
60.48
104. 48
112.89
120. 77
124. 53
102. 01
59.09
101. 09
108. 05
117.50
119.80
101.18
58.28
101. 75
108. 58
118. 90
124. 01
97. 66
60.43
102. 66
109.78
117.74
121.80
101. 59
61.07
101.60
108.21
1 ] 6. 98
120.40
102.16
61.78
101.60
108.21
116.87
120.60
100.00
60. 64
102 01
108. 62
116.87
120. 20
97.71
60.84
104. 41
112. 29
119.54
124. 23
94. 60
58. 06
103. 58
110.77
118.03
123.11
100.04
59.90
105. 59
112.67
119.60
123.22
102. 72
62.37
' 106. 08
'113.13
121.18
124. 84
' 103. 53
r 62. 98
108. 77
97.71
76. 73
120. 74
107. 45
99.29
88. 36
115. 81
108. 92
99.38
82.80
123. 55
109. 89
108. 84
93. 84
118.14
114.51
111.41
94.73
135. 38
111.11
113.05
88.09
127. 32
108.13
107. 71
76. 16
121.97
110. 98
111.30
99.91
127. 26
111.38
113. 58
80.88
122. 30
110.70
114.01
82. 2C
119.03
1 10. 83
112.94
93.23
121.69
r III. 22
115.75
100. 33
119.88
121. 26
119.19
116. 72
99.01
115.66
112. 58
116. 71
113.12
97.90
117.66
117. 74
117. 72
117.83
H5. 90
113.8,*
110.87
114. 14
113.81
96.13
117.81
113.47
119.13
116. 72
92.38
113.72
108.00
114.87
112.12
91.46
113.75
111.16
114.22
113. 52
92.89
115. 50
116.91
115.60
115. 18
98. 55
1 19. 19
117.96
119. 19
116.03
98.78
119.56
118.03
119.91
113.52 r 116. 16
101. 70 r 102. 60
121.18 ' 123. 61
121.06 r 124. 91
121.24 ' 123. 68
112.03
102. 60
123. 98
125. 76
123. 68
do
do
do
95. 68
85. 85
105. 93
94.33
89. 32
107. 79
94. 57
88.58
108. 62
95.44
89.95
109. 03
96.10
87.42
107. 98
95. 60
86.14
108. 39
97. 33
87. 42
107. 59
97 78
87. 58
108. 26
97.78
86. 36
108. 94
99. 79
87.81
109.34
100.92
88. 26
109.34
98. 83
89. 50
110.02
do
drinking
dollars
do
do
do
91. 53
91.94
91.53
91.71
91.94
90.80
90. 35
91.37
91.83
92. 46
93.09
r 94. 19
93. 32
68. 32
49.42
71.23
89.12
67.82
48.50
71.20
87.40
67.11
47.94
69. 65
89.76
66. 38
47.46
69. 81
88.71
66. 09
50. 01
69. 26
86.29
66.95
48.19
69. 38
88.04
66. 95
48.19
69. 34
87.40
66 95
48.33
69.89
88.91
67. 48
48.99
70.13
91. 73
67.69
48.87
70. 60
90. 87
68. 80
49. 74
72, 16
91.29
69. 52
r 50. 75
73.16
91.29
69. 71
oO. 61
72. 96
89. 96
Nondurable goods industries
Food and kindred products 9
Meat products
Canning find preserving
Bakery products
--
-
do
do
do
do__
_,do _
do
Nonmanufacturlng industries:
Alining
do
Metal
- _ -do
Anthracite
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)--.
dollars. Nonmetallic mining and quarrying
do
Contract construction
do _.
NOP build ing construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
Telephone
Gas and electric utilities
Wholesale and retail trade:
Wholesale trade
Retail trade (except eating and
places) 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance, insurance, and real estate:
Banks and trust companies^
Service and miscellaneous:
Hotels, vear-round
Laundries
Cloaning and dyeing plants
' 114.06
r 93. 50
'121.60
r 100.
22
' 89. 95
' 110. 02
' 104. 90 " 105. 73
110. 68
'118. 03 p 122." 54"
120. 90
' 100. 15 P 101.20
r
62. 48 p 59. 90
108. 67
115. 56
93.64
112.47
68. 07
68.26
68.81
68. 26
68. 81
69. 93
69.94
69.56
69.94
69.75
69. 75
' 70. 31
69. 94
do
do
do
47.91
46. 33
51.65
48.36
46.96
53. 54
48.20
46. 96
55. 60
48.24
46. 37
54. 35
48.40
47.24
54.91
48.12
47.04
53.10
47.64
46.92
52.40
48. 00
46.68
52.68
47.52
48. 00
57.94
48.28
48.68
55. 95
48.80
48.68
57. 06
48.80
' 48. 56
' 54. 43
49.29
48. 07
52. 78
2.19
2.12
2.35
2.27
2.54
2.22
2.14
2.37
2.28
2.56
2.21
2.14
2.36
2.28
2.58
2.23
2. 16
2.38
2.31
2.59
2.27
2.20
2.43
2.35
2.61
2.29
2.21
2.46
2.37
2.62
2.29
2.21
2.45
2.37
2.62
2.29
2.22
2.45
2.38
2. 62
2. 28
2.22
2.44
2.38
2.61
2.29
2.22
2.44
2.37
2.61
2.29
2.22
2.45
2.38
2.63
2.29
2.22
'2.45
2.38
'2.63
'2.28
2.21
'2.44
2.37
'2.64
p2. 29
2.01
1.96
1.83
2.22
2.64
2.03
1.96
1.83
2.23
2.66
2.02
1.95
1.83
2.23
2. 65
2.01
1.94
1.83
2.24
2. iS
2.00
1.92
1.85
2.25
2.85
1.96
1.91
1.85
2.26
2.87
1.98
1.91
1.85
2.26
2.86
2.00
1.93
1.86
2.27
2.85
2.01
1.92
1.85
2.26
2.85
2.03
1.93
1.85
2.27
2,82
2.07
1.98
1.86
2.27
2.82
'2.07
' 1.98
' 1.86
2.28
2.81
'2.08
1.98
' 1.86
2.28
'2.80
^2.08
P 1. 87
^2.29
^2.80
3.09
2.38
2.49
2.22
3.10
2.39
2.51
2.23
3.07
2.36
2.52
2.24
3.00
2.36
2.52
2.24
3.10
2.41
2.54
2.27
3.12
2.45
2.55
2.28
3.09
2.43
2.55
2.28
3.08
2.43
2. 56
2.28
3.11
2.42
2.55
2.27
3.05
2.45
2.57
2.29
3.07
2.45
2.57
2.30
'3.06
'2.46
' 2. 57
2.30
3.03
2.46
2. 56
2.30
^2.45
*2. 56
"2.31
2.69
2.74
2.64
2.63
2.28
1.90
2.71
2.78
2.65
2.60
2.29
1.90
2.70
2.75
2.66
2.59
2.30
1.90
2.67
2.68
2.66
2 63
2.31
1.91
2.72
2.77
2.68
2.62
2.33
1.94
2.76
2.84
2.67
2.62
2.32
1.95
2.74
2.81
2.68
2.61
2.34
1.95
2.73
2.79
2.68
2.63
2.35
1.94
2.71
2.74
2. 67
2.62
2.33
1.94
2.73
2.77
2.69
2.63
2.34
1.94
2.74
2.78
2.71
2.66
2.35
1.94
T
2,74
2.78
2.70
2. 72
2.37
1.94
' 2. 75
2.79
2.71
2.74
2.37
1.94
2.07
2.01
2.19
2.44
1.81
2.16
2.08
2 01
2.18
2.43
1.80
2.17
'2.08
2.02
2.18
2.45
1.79
2.18
' 2. 07
2.01
2.15
2.42
1.83
2.18
_ _ _ d o _.
do
do
do
do _.
do
2.06
2.06
2.04
2.02
2.03
2.05
2.03
2.05
2.00
Nondurable goods industries
do
2.01
2.00
1.96
1.95
1.99
1.95
1.97
1.93
1.98
Excluding overtime §
_ _ _
do __
2.19
2.19
2.14
2.10
2.16
2.18
2.05
2.19
2.08
Food and kindred products 9 __
do _ _
2.43
2.43
2.43
2.47
2.43
2.38
2.33
2.35
2.48
Meat products
do
1.85
1.86
1.72
1.73
1.77
1.83
1.79
1.71
1.73
Canning and preserving
do
2.15
2.14
2.12
2.12
2.13
2.10
2.11
2.13
2.07
Bakery products
do
r
Revised.
*> Preliminary,
c? Except ordnance, machinery, and transportation e quipmem
9 Includes data for industries not shown separately.
JRe vised series (first shown in September 1959 SUR VEY); dat a beginnirig Januar y 1958 are calculatecI on a difl 'erent bas is and are not stric tly
December 1957.
§Derived by assuming that overtime hours are pakI at the ra te of time and one-1naif.
105. 11
' 103. 42 v 103. 68
' 90. 39 91.54 •» 91. 94
110.15 ' 108. 90 r> 113. 68
111.20
107. 97
' 110.97
111. 38
' 106. 90 107. 96
' 95. 75 ' 95. 51 P 95.27
T
76.44
77. 60 p 76. 81
do
Average hourly gross earnings per worker on payrolls
of nonagricultural establishments:
All manufacturing industries
dollars
Excluding overtime^
- -- -do
Durable goods industries
do
Excluding overtime^
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products . _ _ _ -do
Primary metal industries
do
Blast' furnaces, steel works, and rolling mills
dollars..
Fabricated metal productscf
do
Machinery (except electrical)
__
do
Electrical machinery
_
do
Transportation equipment 9
M^otor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
r 99. 63 ' 100. 86 p 99. 47
r
p 2. 45
p 2 . 65
p 2. 80
P2.37
P 1.93
p2. 09
»2. 16
compa rable wit i publish ?d figures through
SURVEY OF CURRENT BUSINESS
ober 1<)(>0
S-15
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
A,1BUS!|SXr
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings per worker on payrolls
of n onagri cultural establishments— Continued
All manufacturing industries— Continued
Nondurable goods industries— Continued
Tobacco manufactures
- - dollars
Textile mill products 9
do
Broadwoven fabric mills
do _
Knitting mills
_ _ _
_
__do - Apparel and other finished textile prod — do
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 _Products of petroleum and coal
do
Petroleum refining
do _
Rubber products
do
Leather and leather products
- do
Nonmanufacturing
industries:
Minin 0 "
- do_ ._
Metal
do _
Anthracite
- - - - - d o _.
Bituminous coal
do
Petroleum and natural-gas production (except
contract services^
dollars
Nonmetallic mining and quarrying
_ do _
Contract construction
do
Nonbuilding
construction
_
_
_ _ do _
Build in0" construction
do
Transportation and public utilities:
Local railways and bus lines
- -- _ - d o _ _ .
Telephone
- do
Clas and electric utilities
do
Wholesale and retail trade:
Wholesale trade __ . __
--- d.O-__
Retail trade (except eating and drinking places) 9
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 dveing plants
do _
Miscellaneous wage data:
Construction wages (ENR): §
Common labor
dol. per hr_
Skilled labor
do
Equipment operators
do
Farm wages, without board or room (quarterly)
dol per hr
Railroad wages (average class I)
do
Road-building wages, common labor (qtrly).- -do
r
1.62
1.59
1.56
1.49
1.52
2.22
2.36
2.71
2.44
2.59
2.86
2.97
2.49
1.60
1.55
1.59
1.57
1.50
1.53
2.24
2.40
2.75
2.47
2.65
2.91
3.03
2.47
1.61
1.59
1 59
1.56
1.49
1.52
2.23
2 38
2.73
2 43
2.61
2 88
2.98
2 48
1.61
1.69
1 59
1.56
1.49
1.53
2.23
2.38
2.71
2.44
2.61
2 90
3.01
2 46
1.62
1.70
1 59
1. 56
1.49
1.53
2.23
2 38
2.74
2.45
2.62
2.90
3.00
2 49
1. 62
1.72
1 60
1 56
1. 51
1.54
2.24
2 38
2.73
2 46
2.62
2 91
3.01
2 51
1.63
1 70
1 60
1 56
1 51
1.55
2 25
2 39
2 74
2 46
2 62
2 90
3 00
2 50
1 63
1.72
1 62
1.60
1.52
1.56
2.24
2.38
2.75
2.47
2.63
2.90
2.99
2 48
1.64
1.80
1.61
1. 60
1.50
1.53
2.24
2.37
2.75
2.48
2.68
2.93
3.03
2.47
1.64
1 80
1 63
1 61
1.52
1.54
2.26
2 40
2.77
2 49
2, 65
2 90
3.01
° 52
1.65
I 82
1 63
1 62
1 52
1.54
2 28
9 43
2 77
2 52
2 67
2 01
3 02
2 53
1 65
1.82
1 62
1 61
1.50
1.55
2.29
T 2 44
r
2.78
2 55
T
2.70
2 92
3 03
r
2 55
r
\ 64
2.64
2.48
2.75
3.29
2.64
2.47
2.77
3.29
2. 65
2.46
2.76
3.26
2.70
2.61
2.76
3 30
2.72
2.64
2.77
3.31
2.73
2 66
2.77
3.29
2 64
2 80
2 72
2.65
2.76
3.28
2.71
2.66
2.77
3.27
2.70
2.67
2.78
3.27
2
2
2
3
69
67
75
28
'2.68
r
2 69
2.75
r>
6 26
2.67
2 70
2.73
3 26
2.83
2.21
3.13
2.82
3.23
2.84
2.22
3.16
2.85
3.26
2.80
2.21
3.18
2.90
3.27
2 86
2.22
3 19
2.85
3 28
2.81
2.22
3.21
2.88
3.30
2.84
2.21
3.24
2.88
3.32
2 81
2.83
2.25
3.23
2.87
3.32
2.83
2. 25
3.24
2.90
3.34
2
2
3
2
3
81
25
24
PI
34
r
r
3 25
2 91
3 33
2.81
2.26
3.30
2.99
3.38
2 84
2.28
3 27
2 96
3 37
2 78
2.28
3 28
2 98
3 37
2.22
2.19
2.59
2.23
2.20
2.61
2 22
2.22
2 63
2.23
2 21
2 64
2.24
2.23
2 64
2.26
2. 22
2 65
2.29
2 23
2 65
2.29
2.24
2 66
2.29
2.22
2.67
2.31
2.24
2 68
2.32
2 24
2 68
' 2.32
2 26
r 2 69
2.32
2 26
2 69
2.26
2.27
2.26
2.27
2. 27
2.27
2.27
2.29
2.29
2.30
2.31
2.32
2.31
1.77
1.40
1.92
2.03
1.78
1.41
1.94
2.00
1.78
1.41
1.94
2.04
1.77
1 40
1.95
2 03
1.73
1.37
1.94
1.97
1.79
1.43
1.96
2.01
1.79
1 43
1.97
2 00
1.79
1.43
1.98
2.03
1.79
1.42
1.97
2.08
1.81
1.45
2.00
2.07
1.82
1 45
2.01
2 07
1.82
1 45
2 01
2 07
1.82
1 45
2 01
2 04
1.18
1.17
1.37
1.20
1.18
1.38
1.19
1.18
1.39
1.20
1.18
1 39
1.21
1.19
1.39
1.20
1.20
1.39
1.20
1.20
1 39
1.20
1.20
1.39
1.20
1.20
1.42
1.21
1.22
1.42
1.22
1.22
1.43
1.22
1 22
1 41
1.22
1 22
1 40
2.619
3.904
3. 450
2.624
3.921
3. 526
2.624
3. 931
3.540
2. 624
3 931
3 559
2. 627
3.942
3. 560
2.638
3.948
3.563
2.638
3 950
3 572
2.642
3. 950
3.582
2. 645
3.958
3.598
2. 672
3 976
3.604
2.706
4 020
3 635
2.724
4.050
3. 664
2.734
2.739
4. 063
3. 695
4. 087
3.712
2.543
2.542
.89
2.532
2.20
2 599
2.575
1 05
2 601
1.95
2.612
2.568
1.03
2. 585
1.92
2 588
9 581
2.7
2.8
T
r
r
r
r
1.72
1 62
1.61
1.51
p 1 62
'' 1 62
1. 57
" 1.58
'' 2 31
2. 30
2 46
2.77
2 54
2.68
2 90
3. 00
2 51
1 64
1 02
" 2 79
" 2 56
" 2 96
/' 2 53
" 1 65
« 90
2.11
LABOR CONDITIONS
Labor turnover in manufacturing establishments:
Accession rate total
mo rate per 100 employees
New hires
do
Separation rate total
do .
Quit
do
Layoff
do
Industrial disputes (strikes and lockouts):
Beginning in month:
Work stoppages
number. _
Workers involved
thousands
In effect during month:
Work stoppages
- - numberWorkers involved
_ _ _ _
thousands Man-days idle during month
do _
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thousands
Unemployment insurance programs:
Insured unemployment, all programst9
do
State programs :f
Initial claims
_ _ _
- do _
Insured unemployment, weekly average..-do
Percent of covered employmentd*
Beneficiaries weekly average
thousands
Benefits paid
mil. of dol
Federal employees, insured unemployment
thousands. Veterans' program (UCX):*
Initial claims
do
Insured unemployment, weekly average. ..do
Beneficiaries weekly average
do
Benefits paid
mil of dol
Railroad program:
Applications
thousands
Insured unemployment, weekly average.- do-._
Benefits paid
mil. of dolr
3.9
2.5
3.7
1.8
1.4
3.9
2.6
4.3
2.2
1.5
2.0
4.7
1.4
2.8
30
15
4 1
10
2 6
3.8
1.3
3.1
.9
1.7
3.6
380
161
322
109
277
125
161
41
112
23
636
757
13, 400
624
781
13, 800
3. 1
548
775
14, 100
402
652
4, 300
285
101
1.430
1 0
2 2
1.4
3.6
1.1
2.0
3 2
1. 7
33
1 i
1 6
3
2
3
1
1
270
85
370
110
400
150
425
190
9
7
0
0
5
3.7
1.3
2
1
3
1
1
200
65
250
70
1.9
2.9
1 0
325
140
1.000
400
145
1,250
1. 5
430
140
1, 500
530
190
1, 500
600
225
1, 750
9
3
3
1
7
650
285
2. 750
r
r
r
r
2.9
1.7
3.6
1 i
20
" 3. 5
P 1.9
" 4.3
i' 1 5
325
150
300
155
575
250
550
250
2, 000
2,150
432
418
412
450
511
534
537
491
556
1,451
1,370
1,479
1,853
2. 008
2. 359
2, 326
2, 370
2, 078
1,801
1, 700
1, 826
» 1,804
P 1,748
1,011
1,291
3.4
1, 102
133.4
936
1,203
3. 1
1 097
141.8
1,197
1,309
3.4
1,050
136. 9
1 fOl
1,677
4 4
1 285
168 3
1 , 645
1,841
4 8
1 545
219. 5
1 , 621
2.180
5 6
1 814
235 2
1 265
2,157
5 5
1 879
247 8
1,387
2,209
5 7
1 981
287. 1
1,232
1, 939
4.9
1, 792
237.4
1, 162
1, 682
4 3
1 494
204 9
1 197
1,588
4 0
1 447
198 9
1,426
1, 686
4.3
1,392
183.8
1,407
1,657
4.2
1,399
206. 3
1. 598
4.0
28
27
28
31
33
38
39
38
33
30
29
30
30
28
29
61
59
8 3
23
54
55
2?
45
45
6 0
97
45
44
60
30
49
43
32
52
48
6.8
570
25
44
42
5.2
633
24
40
39
5.2
35
79
32
94
27.3
26.1
556
27
41
36
4.8
22
97
25.8
465
29
48
42
5 3
21
93
21.7
31
53
50
7.0
15
105
19 2
31
61
57
7.4
12
78
16 6
27
61
59
7 6
6
69
59
63
13 8
13 4
7.0
6
54
10 4
5
45
7 9
6
39
7 5
5.5
81
61
7.4
p67
49
" 73
a
Revised.
p Preliminary.
As of October 1, 1960.
9 Includes data not shown separately.
§ Rates as of October 1, I960: Common labor, $2.739; skilled labor, $4.090; equipment operators, $3.718.
fBeginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below). Total insured unemployment includes the UCV program (not shown separately) through Jan. 31, 1960 (expiration date).
d"Rate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
*New series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27,1958).
SUEVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1!)CO
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
FINANCE
BANKING
Open market paper outstanding, end of mo.: _
Rankers' acceptances
mil. of dol
Commercial and finance company paper, total do __
Placed through dealers
- do
Placed directly (finance paper)*
do. _ _
946
3, 646
795
2,851
954
3,334
763
2, 571
945
3,784
755
3, 029
1,029
3.664
784
2,880
1,151
3.118
627
2,491
1,229
3,889
064
3, 225
1,240
4, 085
718
3,367
1 , 366
4,320
805
3,515
1, 336
4,269
888
3,381
1.263
4,492
920
3, 572
1,382
4, 459
1,021
3,438
1,561
4, 652
1, 116
3,536
1 656
4, 920
1 , 266
3, (554
Agricultural loans and discounts outstanding of agencies supervised bv the "Farm Credit Adm.:
Total
"
mil. of dol. _
Farm mortgage loans: Federal land banks. _do
Loans to cooperatives
do
Other loans and discounts
do
4, 498
2, 300
549
1,650
4,511
2,318
576
1,617
4,487
2,333
616
1,538
4, 462
2, 345
642
1,474
4,449
2,360
622
1, 467
4,487
2,378
632
1,477
4, 551
2,400
624
1,528
4, 616
2,428
609
1,580
4,690
2,446
594
1,649
4,747
2, 468
565
1,714
4,812
2,487
551
1,774
4, 853
2,500
557
1, 795
4,871
2,515
562
1,794
208,130
75. 233
43, 265
215,843
81,067
43, 259
230, 245
89,519
46, 083
217, 139
82, 273
43,810
261,121
104,976
51, 763
230, 100
88, 529
46, 305
221 . 965
85, 058
45, 626
245, 705
96, 593
50, 410
225, 984
86, 174
46, 862
232, 824 '250,831
88, 551 99. 809
47, 895
50.415
223, 608
86, 063
45, 254
241,809
92,435
49,474
52, 013
28.181
692
26, 690
19, 227
52, 739
27, 865
330
26, 563
19, 203
52, 942
28, 469
877
26, P31
19,290
53, 555
28, 946
833
26. 922
19, 277
54, 028
28, 771
458
26, 648
19, 164
52, 262
27, 613
862
25, 464
19, 155
51,431
26, 961
739
25, 209
19, 134
51,577
27, 103
756
25. 264
19, 113
51, 983
27, 131
571
25, 558
19, 066
51,144
27, 262
342
26, 035
19,059
52, 394
27, 869
258
26, 523
19, 029
52,116
28. 131
343
26. 885
18, 839
52, 009
27, 907
do
do _
do
do
52, 013
19, 364
18,245
27, 581
52, 739
19, 223
17, 760
27, 515
52, 942
19.924
18,818
27, 502
53, 555
19,686
18,415
27, 954
54, 028
19,716
18,174
28, 262
52, 262
19, 536
18,396
27, 599
51,431
18,725
17, 754
27, 433
51 , 577
18,861
17,773
27, 341
51 , 983
18,976
17,850
27, 258
51, 144
18,643
17,619
27. 344
52, 394
19,126
17,941
27, 505
52, 116
19,305
18, 261
27, 612
52, 009
18,853
17,735
27, 621
27 051
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent
41.0
41.1
40.6
40.5
39.9
40.6
41.5
41.4
41.2
41.4
40.8
40.2
40.3
30.3
All member banks of Federal Reserve System , averages
of daily figures:*
Excess reserves
_ _ _
mil. of dol_
Borrowings from Fed Reserve banks
.do
Free reserves
_ _
- -do
472
1, 007
-535
410
903
-493
446
905
-459
445
878
-433
482
906
-424
544
905
-361
455
816
-361
416
635
-219
408
602
-194
469
502
-33
466
425
41
508
388
120
'540
'24:7
* 638
225
P413
60, 216
60,180
61,239
61,017
63, 204
60,616
59, 536
59, 085
60, 702
58, 185
58, 649
59, 392
58, 934
58, 813
63, 014
4, 606
3,672
64,184
4,631
4,279
64, 740
4, 346
3,477
64, 626
4 782
3,838
67,641
4,814
3,139
63, 727
4, 921
2, 607
62, 838
4, 920
2,954
61,890
4, 836
2,843
63, 770
4,981
3.219
62, 259
5,137
5,002
62, 026
4,718
4,965
62, 469
4,947
4,549
62, 236
4,794
3,676
62, 306
4 630
5, 524
30, 707
28, 965
1, 569
13,964
30, 740
29, 063
1,508
14,015
30, 532
28, 963
1, 425
13, 330
30, 159
28, 704
1,309
13,894
30, 533
28, 969
1 , 420
14, 346
30, 146
28, 483
1,518
13,303
30, 146
28, 481
1,521
12, 783
30, 423
28. 731
1,550
12.597
30,454
28, 679
1 , 640
12,638
30,613
28, 805
1,676
13,352
31, 157
29, 250
1,778
13, 299
31,428
29, 417
1,882
13, 736
31, 858
29, 738
1,987
13, 592
32. 186
30,112
1.945
13 784
Investments, total
do
U.S. Government obligations, direct and guaranteed total
mil. of dol
Bills
do
Certificates
do
Notes and bonds
do
Other securities
do
39, 133
38, 229
38, 144
37, 918
37, 294
36, 141
35, 040
34,150
35, 563
35, 082
34, 733
36, 679
36, 902
37, 490
29, 057
2, 297
1,093
25, f 67
10, 076
28, 121
1.990
1,033
25, 098
10,108
28, 194
2, 096
1,116
24, 982
9, 950
28, 164
2,489
1,123
24, 552
9,754
27, 468
2,243
1,084
24, 141
9, 826
26, 444
2,001
1, 203
23, 240
9,697
25, 352
1,617
464
23, 271
9, C88
24, 495
1,069
431
22, 995
9, 655
25, 991
1.474
444
24,073
9, 572
25, 752
1,314
874
23, 564
9,330
25, 359
950
874
23, 535
9,374
27, 062
2,782
23, 432
9, 617
27, 381
2,612
1, 309
23, 460
9, 521
27, 816
2, 825
1,364
23 627
9,674
Loans (adiusted), total©
_ _
do. _
Commercial and industrial
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol__
To nonbank financial institutions
do
Real estate loans
do
Other loans
do
64, 024
28,<T2
2, ('25,
65, 354
29, 481
2, 061
65, 244
29, 516
2,115
66, 335
30,015
2,188
68, 069
30, 465
2,579
66, 036
29, 957
1,938
66, 532
30, 320
1,769
66, 890
31,026
1,479
67, 492
30, 940
1,812
67, 843
31,170
1,705
68, 691
31, 645
1, 665
68, 469
31. 104
1,982
67, 943
30, 970
1,860
68, 719
31. 541
2 058
1.43S
5, 577
12, 34 ,r>
16,713
1 , 355
5, 550
12, 456
16,539
1,349
5, 271
12, 527
16, 769
1,329
5, 531
12, 574
17, 516
1,338
0, 187
12,652
17, 475
1,306
5, 504
12,615
17, 253
1,289
5, 789
12. 605
17, 360
1,266
5, 758
12, 586
17,641
1,251
5,878
12, 581
18,099
1,274
5, 932
12, 548
18, 149
1, 267
6,192
12, 543
18, 130
1, 279
6,183
12,510
18, 486
1,274
5. 828
12, 566
18, 252
1.292
5, 778
12. 556
17, 963
Bank debits total (344 centers)
New York Citv 1
6 other ccntersrf
do
do
do
Federal Reserve banks, condition, end of month:
Assets total 9
__ .
do. _ _
Reserve bank credit outstanding, total 9
do. _
Discounts and advances
do
United States Government securities
do
Gold certificate reserves
_ _ _ _ .do
Liabilities total 9
Deposits total 9
Member-bank reserve balances
Federal Reserve notes in circulation
Weekly reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month :f
Deposits:
Demand adiusted0
- .mil. ofdol..
Demand, except interbank:
Individuals, partnerships, and corp
do
States and political subdivisions
do
United States Government
.do
Time, except interbank, total 9
Individuals, partnerships, and corp
States and political subdivisions
Interbank (demand and time)
Money and interest rates:§
Bank rates on business loans:
In 19 cities
New York Citv
7 other northern and eastern citie^
do
do
do
do
i 5 27
5. 14
5. 28
5 46
percent
do
do
5. 36
5.19
5 39
5 56
1
1
1
5.34
5.18
5 34
5 57
848
405
26, 762
is! 709
293
T
5.35
5 19
5 34
5 58
3.50
5.06
5. 60
4,00
5.07
5.71
4.00
5.37
5.88
4.00
5.44
5.92
4.00
5.50
6. CO
4.00
5.63
6.00
4.00
5.72
6.00
4.00
5.70
6.00
4.00
5.53
6 00
4.00
5.29
6.00
3.50
5.28
6.00
3.50
5.05
6.00
3.00
4.72
6.00
Open market rates, New York City:
Bankers' acceptances (prime, 90 davs)
do
Commercial paper (prime, 4-6 months)
do
Finance Co paper placed directlv, 3-6 mo * do
Stock Exchange call loans going rate
do
3. 56
3.97
3.87
4.25
4.07
4.63
4.52
4.75
4.25
4.73
4.70
4.75
4.25
4.67
4.38
4.75
4.47
4.88
4.82
4.75
4.78
4.91
5.02
5.41
4.44
4.66
4.50
5.50
3.96
4.49
4.16
5.50
3.88
4.16
3.74
5.50
3.78
4.25
3.88
5.11
3.28
3.81
3.24
5.00
3.13
3.39
2.98
5.00
3.04
3.34
2.94
4 85
3.358
4.45
3.998
4.78
4.117
4.69
4.209
4.74
4. 572
4.95
4.436
4.87
3.954
4. 66
3.439
4.24
3.244
4.23
3.392
4.42
2.641
4.06
2.396
3.71
2.286
3.50
Savings deposits, balance to credit of depositors:
New York State savings banks . . . mil. of dol.
U.S. postal savingsf
do
52, 134
28. 402
181
27, 024
18, 394
52, 134
19. 110
4
4
4
5
Discount rate, end of mo. (N.Y.F.R. Bank). _. do
Federal intermediate credit bank loans
do
Federal land bank loans
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
_ percent
3-5 year issues _
. do. _.
4,870
2, 528
589
1,753
97
74
96
32
3.00
20, 406
20, 544
20, 424
20, 651
20, 551 20, 363
20, 774
20, 684
21 063
20, 558
20, 848
20, 832
20, 874
20, 659
992
962
1,007
909
976
948
928
894
879
798
849
836
810
823
r
v
Revised.
Preliminary.
1 Revised effective September 1959 to reflect exclusion of loans to nonbank financial institutions.
*New series (from Board of Governors of Federal Reserve System); for back data, see Federal Reserve Bulletins.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
fRevised series, reflecting change in coverage and format. Figures through 1958 on old basis appear in the 1959 edition of BUSINESS STATISTICS; January-June 1959 figures, in
September 1959 SURVEY.
(BFcr demand deposits, the term ''adjusted" denotes exclusion of interbank and U.S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks (domestic commercial banks only, beginning July 1959) and deduction of valuation reserves (individual loan items are gross, i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
UData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
SUEVEY OF CURRENT BUSINESS
October 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
SeptemDecemAugust
BUSINESS STATISTICS
October November
ber
ber
S-17
1960
January
February
March
April
May
June
July
August
September
FINANCE— Continued
CONSUMER CREDIT f
(Short- and Intermediate -term)
Total outstanding end of month
mil.ofdol
Installment credit total
do
48,841
49,350
49, 872
50, 379
52, 046
51, 356
51,021
51,162
52, 169
52, 831
53, 497
53, 653
53, 928
37, 510
37, 962
38, 421
38, 723
39, 482
39, 358
39, 408
39, 648
40,265
40, 740
41,362
41, 687
41, 995
\utomobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
do
_ do _
do_ __
- do
16, 288
9,289
2 , 569
9, 364
16, 470
9,390
2,613
9,489
16,659
9, 534
2, 653
9, 575
16, 669
9, 687
2, 683
9, 684
16, 590
10, 243
2,704
9, 945
16, 568
10, 129
2,P91
9, 970
16, 677
9, 997
2,695
10,039
16, 876
9,940
2. 706
10, 126
17,218
10, 022
2, 736
10, 289
17,481
10,080
2, 786
10, 393
17, 807
10, 194
2, 824
10, 537
17, 946
10,202
2, 852
10, 687
18,078
10, 202
2, 891
10, 824
By tvpe of holder:
Financial institutions, total-.
Commercial banks
Sale*3 finance companies
Credit unions
Consumer finance companies
Other
do
do
do _
do
do _
do
32, 540
14, 497
9, 806
3,044
3, 515
1,678
32, 954
14, 664
9,949
3,093
3,542
1,706
33,318
14,817
10, 071
3,143
3, 570
1,717
33, 519
14, 853
10,117
3, 183
3, 622
1,744
33, 838
14, 922
10, 145
3. 232
3, 764
1,775
34, 003
15,066
10, 108
3, 225
3. 777
1,767
34, 246
15, 134
10, 276
3, 259
3, 795
1, 782
34, 432
15, 139
10, 357
3,331
3,811
1,794
35. 085
15,402
10, 604
3,418
3, 858
1,803
35, 554
15, 597
10, 744
3,484
3,888
1,841
36. 127
15, 834
10, 945
3,570
3,938
1,840
36, 506
15,927
11.062
3, 622
4, 035
1, 860
36, 849
16,051
11, 142
3, 696
4, 085
1,875
- do
do_ _do
__do_ __
do
4,970
1,868
1,072
578
1,452
5, 008
1, 907
1,078
586
1,437
5, 103
1,967
1, 089
593
1,454
5, 204
2, 045
1,107
592
1,460
5, 644
2,298
1, 167
588
1,591
5, 355
2, 109
1, 132
^87
1,527
5, 162
2,002
1,111
590
1,459
5, 216
2,103
1,089
595
1,429
5,180
2, 055
1,080
606
1,439
5, 186
2, 059
1,071
615
1.441
5,235
2,078
1,078
626
1, 453
5,181
2,044
1,071
632
1,434
5, 146
2.017
1,078
636
1,415
_ _
Retail outlets total
Department stores
Furniture stores
Automobile dealers
Other
Noninstallment credit total
Department stores*
Other retail
outlets*
Credit cards*
Service credit
11,331
11,388
11,451
11, 656
12, 564
11,998
11,613
11,514
11,904
12, 091
12, 135
11,966
11. 933
do
do __
do
4,034
3, 431
603
4,084
3, 455
629
4 050
3, 466
584
4,117
3,472
645
4, 176
3,542
634
4,092
3, 499
593
4, 151
3, 496
655
4,222
3, 503
719
4,247
3, 569
678
4. 345
3, 573
4, 321
3, 623
698
4,290
3, 605
685
4, 299
3, 594
705
do _ _
do
do _ _
do
4, 365
562
3, 408
395
2,932
4, 390
606
3,383
401
2,914
4, 525
647
3, 491
387
2,876
4, 614
717
3, 506
391
2, 925
5, 351
960
3,985
406
3,037
4,816
825
3,577
414
3,090
4, 305
686
3,204
415
3,157
4,118
622
3. 070
426
3,174
4, 451
657
3,380
414
3,206
4, 547
647
3, 483
417
3,199
4, 628
634
3, 565
429
3, 186
4 506
585
3, 475
446
3,170
4 473
585
3,415
473
3, 161
do
do
do
do
4,193
1,627
1, 123
1, 443
4, 061
1,515
1,123
1,423
4,185
1,564
1,198
1,423
3,928
1,313
1,172
1,443
4, 686
1,293
1,616
1,777
3, 534
1,278
976
1,280
3,723
1,427
934
1,362
4,201
1, 633
1,062
1,506
4, 457
1, 697
1, 168
1,592
4, 335
1, 664
1, 153
1,518
4, 561
1,738
1,226
1,597
4,141
1,477
1,072
1,592
4,301
1, 576
1,111
1, 614
do
do
do
do -._
3, 578
1,318
993
1, 267
3, 609
1,333
1,022
1,254
3, 726
1,375
1,054
1,297
3,626
1,303
1,019
1, 304
3,927
1,372
1,060
1, 495
3, 658
1,300
1,090
1, 268
3,673
1,318
1,066
1,289
3, 901
1,434
1,119
1,408
3,840
1.355
1, 086
1,399
3,860
1,401
1, 095
1,364
3, 939
1,412
1,112
1,415
3,816
1, 338
1 , 064
1,414
3, 993
1,444
1,111
1,438
do
do_ __
do
do _ _
4,132
1, 538
1,138
1, 456
4,172
1, 521
1,138
1,513
4,219
1,622
1,124
1,473
4, 083
1,466
1,133
1,484
4,046
1,377
1,146
1,523
4.217
1, 535
1,208
1,474
4,115
1,560
1,094
1,461
4,119
1, 555
1,118
1, 446
4,437
1,052
1,240
1,545
4, 209
1. 543
1, 164
1, 502
4,202
1, 501
1, 191
1, 510
4,227
1,418
1,163
1,646
4, 029
1,411
1,073
1, 545
do
do __
do
do _
3,635
1,325
1,012
1,298
3,660
1,315
1,045
1, 300
3, 697
1,341
1,048
1,308
3,700
1,311
1,069
1,320
3,776
1,361
1,066
1,349
3,824
1,386
1,089
1,349
3,707
1,338
1,046
1,323
3,711
1, 345
1.042
1,324
3, 904
1,397
1,084
1,423
3, 886
1,411
1, 099
1, 376
3, 860
1,384
1, 094
1,382
3,978
1,390
1,115
1,473
3, 861
1,377
1,085
1 , 399
7,418
9, 552
' 5, 654 r 8, 463
87
99
3 626
'3,018
90
7,152
5, 889
94
8, 350
r 7, 339
99
5,425
r 4, 867
90
9,289
r 7, 237
93
9, 725 p 12, 716
' 6, 550 rP 10,804
v 90
91
3, 976
3,128
84
8, 590
6, 454
93
2,733
3, 180
527
1, 811
3,004
564
341
1,427
5,718
483
1,611
1,384
3,332
6, 192
1, 149
1,439
4,290
619
858
1,609
5, 783
467
1,918
1. 466
v 4, 127
f 5, 530
p 1,157
p 1,811
1,401
670
383
1,439
4, 996
409
1,608
1,484
P 6, 590
*>803
*424
P 3, 971
P 1,657
6, 172
806
404
3, 471
1, 491
6, 803
751
286, 331
283, 241
238, 342
10,360
44, 899
3, 090
288, 338
285, 285
241.088
10, 559
44, 198
3, 053
288, 672
285, 634
240,413
288. 423
285. 358
240, 382
45, 222
3,038
44, 977
3, 065
do
Single-payment loans, total
Commercial banks*
Other financial institutions*
-
_ -~
- -
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
_ »
Other consumer goods paper
All other
-
Repaid total
Automobile paper
Other consumer goods paper
All other
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts net ^f
Customs
Individual income taxes
_
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures total K
Interest on public debt _ _ _
Veterans' services and benefits
IVTajor national security
All other expenditures
mil.ofdol
do
do
_
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
do
Interest bearing, total
do
Public issues
do
Held by U.S. Govt. investment accts.cf--do
Special issues
do
Noninterest bearing
do
12, 217
7, 468
' 9, 580 r 5, 064
105
91
4,346
368
1,321
1, 296
4, 100
3,311
704
1,338
1, 468
491
278
1,299
4,444
405
965
1,244
6, 280
724
400
3,710
1,471
r 6, 334
718
428
3,783
1,428
r 6, 863
7P.2
405
3, 980
1,751
* 6, 590
743
424
3, 643
1,788
' 6. 601 '6,157
800
826
419
430
3,523
4,231
1,431
1,384
'6,142
779
420
3, 684
1, 541
r 6. 423
784
457
3, 976
1,207
r 6, 032
772
42?
3, 669
1,179
r 6. 073
772
422
3, 669
1,216
290, 3«6
287, 5«>
242, 876
9, 862
44, 723
2,797
288, 296
285, 486
241.086
9,784
44, 400
2,810
291,253
288, 478
244, 882
9,895
43, 596
2, 775
290, 589
287, 742
244, 160
10,117
43, 582
2,847
290, 7fi8
287, 704
244, 197
10, 098
43, 506
3, 094
291,085
288. 086
245. 456
10, 496
42, r>30
2,999
290, 583
287, 588
244, 753
10, 322
42. 835
2, 995
286, 826
283, 772
240, 515
10,330
43, 257
3, 054
288, 787
285, 773
242, 930
10,283
42, 843
3,014
289, 367
286, 308
242, 408
10.385
43, 900
3. 059
do __
do
do
do
do
do
do
do
do
r
r
111
Obligations guaranteed by U.S. Govt., end mo__do
U.S. savings bonds:
50, 287
Amount outstanding, end of month
do
309
Sales, series E and H
do
647
Redemptions
_ _ _ _ _ _ _
do
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U.S. life insurance companies
mil. of dol_. 111,646
Bonds (book value), domestic and foreign, total
mil. of dol_. 56, 477
7,354
U.S. Government
do
State, county, municipal (U.S.)
do
3,115
15, 536
Public utility (U.S.)do. _
Railroad (U.S.)
do
3,794
Industrial and miscellaneous (U.S.)
do
23, 395
r
116
118
124
130
135
138
132
133
140
134
157
161
50,012
300
668
49,715
358
742
49, 552
332
588
48, 647
377
1, 404
48, 273
421
923
48, 182
438
627
48, 085
393
584
47, 953
340
564
47, 889
349
508
47, 824
340
527
47, 620
354
683
47, 596
47, 578
340
453
111,846
112,405
1 12, 904
113,626
114,202
114,666
114,965
115,394
115,908
116,377
117,00*
117,581
r 355
47(5
56, 700
56, 742
56, 623
57, 061
57, 291
57, 494
57, 214
57, 190
58, 031
57,877
57, 557
7,016
6, 661
6,848
7,147
6, 559
7,011
6, 975
6, 592
6,632
6, 723
6, 808
3,154
3,304
3,222
3,138
3,421
3,278
3,197
3,177
3, 464
3,317
3,257
15,630
15,744
15,748
15,555
15,844
15, 761
15,834
15,783
15, 807
15, 768
15, 843
3,781
3,795
3,779
3, 790
3, 796
3,770
3, 764
3, 767
3, 758
3, 766
3,775
23, 738
24, 224
24, 384
24, 114
23,907
24, 002
23, 788
24, 729
23, 643
24,609
24, 473
r
Revised.
P Preliminary.
fRevised series (to adjust to 1958 bench-mark data, to incorporate other changes, and to include data for Alaska beginning January 1959 and for Hawaii
beginning August 1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit, back to January 1947, For revisions prior to October 1958, soe the November 1959
Federal Reserve Bulletin.
*For data prior to March 1959, see Federal Reserve Bulletins.
fData for net receipts and total expenditures reflect exclusion of certain interfund transactions;
comparable data for July 1958-July 1959 will be shown later.
cf For data prior to January 1959, see Treasury Bulletins.
{Revisions for January-October 1958 will be shown later.
56, 430
7, 169
3, 130
15, 540
3,792
23', 479
SURVEY OF CUREENT BUSINESS
S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1960
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance© — Continued
Assets, all U.S. life insurance companies— Con.
Stocks (book value), domestic and foreign, total
mil. of doL.
Pref erred (US.)
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) : t
Value, estimated total
_ . .mil. ofdoL.
Group and wholesale
do
Industrial
.
_ . _ -_do
Ordinary total
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
.
_.
.
.
do
do
do
.do
do
__do
West South Central
_.do
Mountain
do
Pacific (incl. Alaska and Hawaii)
do _Institute of Life Insurance: t
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
Policv dividends
_
_ . do
Life Insurance Association of America:
Premium income (39 cos ) Quarterly total
do
\nnuities
Group
Industrial
Ordinary
3,557
1,670
1, 845
38, 282
35, 496
3,566
1,684
1,840
38, 493
35, 698
3,591
1,697
1,852
38, 744
35 936
3,630
1,716
1,871
38, 984
36, 169
3,702
1,713
1,942
39, 299
36 475
3,717
1,720
1,949
39, 573
36, 753
3,735
1,727
1,961
39, 769
36, 933
3,722
1,750
1,927
40,011
37 155
3,742
1,753
1,944
40, 236
37, 358
3,785
1,770
1.971
40, 439
37, 545
3,788
1,723
2,019
40, 631
37, 722
3,828
1,790
1,988
40, 694
37, 769
3,881
1 818
2,010
40, 920
37 982
3,603
4,423
1,204
4,100
3,624
4,464
1,173
4,096
3 631
4,511
1,195
4 110
3,673
4, 555
1,228
4,134
3, 670
4,605
1,327
4,281
3,688
4,651
1,236
4,276
3,698
4,709
1,183
4,382
3,712
4,774
1, 153
4,379
3,721
4,838
1,192
4,374
3,766
4,897
1,180
4.347
3,786
4, 957
1,213
4,445
3,809
5,029
1,225
4,543
3 822
5,085
1,229
4.613
5, 633
1,027
543
1
4, 063
5,489
966
560
1
3, 963
5,928
1 084
587
1
4 257
6,250
1,327
581
1
4, 342
8,017
2,589
529
*4 899
4,864
872
491
3,501
5,396
986
567
3,843
6,284
1,092
576
4,616
5,842
913
597
4,332
6,069
929
656
4,484
6,716
1,611
607
4,498
5,923
1,327
541
4,055
5,900
1 017
569
4 314
249
841
780
329
522
186
234
796
768
320
511
195
256
882
823
335
555
196
281
954
826
320
565
200
312
990
925
384
617
221
222
734
683
280
434
164
241
824
767
303
495
181
285
954
941
357
569
223
263
919
871
322
559
207
276
945
869
349
593
215
277
946
852
362
591
216
245
846
783
339
525
190
268
887
858
352
559
201
392
172
513
384
172
504
404
182
541
392
180
539
478
233
644
353
163
467
393
161
466
216
605
432
197
562
447
209
581
468
207
580
424
190
513
424
205
559
567.8
245.2
44.2
9.3
604. 5
259. 5
46.3
9.4
592.2
244.9
50.3
10.1
591. 5
244. 5
49.9
9.4
814.2
307.4
60.0
10.1
636.3
258. 6
61.0
11.0
656. 6
282.5
57.3
9.9
770.2
327.5
63.5
11.1
650.1
270.2
56.9
9.8
673.5
285. 6
57.7
10.2
672.9
280.0
57.3
9.9
605.7
251.4
48.4
9.7
679. 4
292 2
51.4
10.7
52.3
112. 5
104.3
53.4
121.1
114.8
54.3
124.4
108.2
54.8
116.6
116. 3
48.1
144. 2
244. 4
75.1
126.4
104.2
58.5
129. 4
119.0
58.6
155. 9
153.6
59.3
132.5
121.4
60.1
139. 0
120.9
60.8
134.7
130.2
59.4
132. 1
104.7
59. 5
142.4
123.2
19 005
— 151 4
39
11,954
2 708.9
491 7
295.7
319.6
184.5
1, 417. 5
do
do
do
do
2 772 2
539 6
240.7
321 8
173.0
1, 496. 9
2 825 0
522 7
269.9
344.8
176.0
1,511.6
3 069 3
526 7
387. 6
324 9
276. 2
1,553 P
MONETARY STATISTICS
Gold and silver:
Gold:
19, 524
Monetary stock U S (end of mo )
mil of dol
-176.3
Net release from earmark §
do
142
Exports
.. .
__thous. of dol._
75, 943
Imports
do
19.491
—35.2
115
54, 687
19, 585
51 9
62
23, 616
19, 566
—71.4
418
47, 931
19, 456
—112 0
176
9,092
19,444
— 11. o
10(>
2,453
19, 421
-21.3
42
4,440
19, 408
—13 5
111
17, 592
19, 360
-71.5
278
8,639
19, 352
— 14 2
71
10, 321
19. 322
— 101 8
121
76, 649
19, 144
—222 3
148
49, 096
89, 000
Production reported monthly total 9
do
66, 200
\frica
do
12, 200
Canada
do
4,200
United States
do
Silver:
119
Exports
do
7,892
Imports
_ do. _.
.914
Price at New York
_
dol. perfineo z _ _
Production:
2,519
Canada
thous of fine oz
3, 696
Mexico
do
1,472
United States
do
Money supply (end of month, or last Wed.):
32.0
Currencv in circulation
bil. of dol
251. 1
Deposits and currency, total
...do. _ _
3.3
Foreign banks deposits, net _
do
6.9
U.S. Government balances
do
89. 700
66, 400
12, 700
3, 800
91, 600
66, 900
13, 900
3,500
90.000
65, 600
13, 600
3,400
r
88 500
64 400
13, 200
3,700
89, 300
66. 300
13, 200
3,400
65, 600
13,000
3,100
64, 800
13, 600
3.500
67, 000
12, 800
3, 500
13, 200
4,100
13 500
3,900
4,500
1,756
5, 362
.914
184
4,219
.914
138
3,445
.914
743
5,345
.914
2,134
3, 378
.914
1, 156
5, 002
.914
1,841
5,501
.914
1, 255
6,739
.914
1, 003
3,982
.914
3, 545
6, 649
.914
2,074
4, 396
.914
2, 466
4,251
.914
2,447
3,310
390
3,072
4,408
510
2, 333
4,196
635
2 679
3,092
756
2, 755
3,816
3,327
2, 864
4,543
3,454
2,734
3, 360
4,010
2, 568
4,240
3,866
2,316
3,202
3,425
2 934
3,565
3 278
2,817
3,115
31.8
252. 1
3.3
7.5
31.9
251.7
3.1
6.4
32. 5
251.1
3.0
5.5
32.6
256.0
3.2
6.2
31.6
250.5
2.8
4.8
31.6
248.0
2.6
5.8
31.6
247.3
2.7
5.6
31.6
250. 3
2.8
5.7
31.9
249.4
2.8
8.1
32.1
251. 1
2.9
8.2
32.0
252.9
2.8
7.4
32.0
' 252. 2
3.0
6.6
255. 1
2.9
8.6
240. 8
111.1
101. 2
28.5
241.4
111.4
101.5
28.5
242.2
112.7
101.1
28.3
242.6
113.1
100.3
29.1
246.6
115.4
101 8
29.4
242.9
114.0
101.0
27.9
239.6
110.5
101.2
28.0
239.0
108.8
102.2
28.1
241.7
111.5
102.3
27.9
238.5
107. 8
102.6
28.1
240.0
108.0
103.7
28.3
242.7
110. 1
104. 3
28.3
>•T 242. 7
108 9
T
105 2
28.5
243. 6
109.3
106. 0
28.3
56.3
33.1
24.7
57 6
32.1
24.6
60.1
32.8
24.7
60.1
33.6
25.3
60.1
33.2
24.9
55. 7
33.0
25.1
58.5
35.7
26.4
57.9
34.0
25.8
56.4
35.3
26.1
61.1
35.5
26.3
61.3
35.7
26.4
58.9
34.2
25.5
65. 5
P36. 7
P26. 6
Deposits (adjusted) and currency, totall
do
Demand deposits, adjusted^ _
do
Time deposits adjusted^
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas, adjusted:!
New York City
ratio of debits to deposits
6 other centersd* _
__ _
do
337 other reporting centers
do
r
.914
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):O
3,992
3 832
« 3, 825
4 081
Net profit after taxes all industries
mil of dol
261
305
355
321
Food and kindred products
do
93
105
121
86
Textile mill products
do
Lumber and wood products (except furniture)
24
93
51
mil of dol
45
143
159
158
159
Paper and allied products
__ _ do
r
v
l
Revised.
Preliminary.
Includes revisions not distributed by regions.
© See footnote "t" for p. S-17.
{Insurance written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised figures for 1958-April 1959 (including these States) will be shown later. Payments to
policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginning September 1959.
§ Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Chile (except for January 1960); Nicaragua; Australia; and India.
IThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
t Revised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1960 Federal Resent Bulletin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
OEffective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.
* Revision for 2d quarter 1959: 4,862 mil. dol.
SUEVEY OF CURRENT BUSINESS
October 1060
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-19
1959
1960
DecemAugust SeptemOctober November
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 of dol
Machinery (except electrical)
do
Electrical machinery equip, and supplies
do
Transportation equipment (except motor vehicles,
etc )
mil. of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash) all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil of dol
Transportation and communications (see pp. S-23 and
S-24).
562
656
215
116
-89
478
690
135
116
204
507
684
92
141
400
559
623
187
141
263
187
345
291
98
282
352
95
271
264
123
323
261
61
"233
540
62
318
445
64
565
390
74
504
428
1,862
2,351
2,001
2 024
392
422
502
422
SECURITIES ISSUED
Securities and Exchange Commission: J
Estimated gross proceeds, total
By type of security:
Bonds and notes, total. _ _
Corporate _
Common stock
Preferred stock_ _
By typo of issuer:
Corporate total 9
Manufacturing
Extractive (mining)
Public utility
Railroad
_
Communication
Financial and real estate
1, 710
1, 748
4,121
1,722
1,942
1,958
2,127
2,077
4,579
1,951
2,493
1,624
3 212
do
do. .
do
do
1,578
642
119
13
1, 602
590
121
24
3, 844
644
230
47
1,487
657
173
61
1,763
747
134
45
1,833
524
100
26
1,942
554
156
29
1, 858
675
173
46
4, 352
584
196
31
1,760
404
153
38
2,237
859
229
26
1,497
668
103
24
3,048
888
134
30
do
do
...do
do
.do. .
do
. do
774
146
14
194
19
86
250
735
215
23
111
5
57
165
922
103
19
348
23
128
145
891
119
12
251
(i
264
185
926
173
10
351
3
73
205
649
31
158
19
37
250
740
73
10
253
5
82
206
894
195
79
202
8
70
223
811
180
6
326
29
53
147
595
101
34
147
20
38
150
1, 115
265
4
371
46
65
293
795
206
26
140
31
61
299
1 051
237
14
224
16
159
282
Noncorporate, total 9
...
._ do
TT S Government
do
State and municipal.
._ do
New corporate security issues:
Estimated net proceeds, total
...do
Proposed uses of proceeds:
Xew 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
do
Short-term. . _ _ _ _ _. __
do
935
309
523
1,012
300
520
3, 200
2,574
587
830
332
458
1,016
380
476
1,309
420
696
1, 388
435
622
1, 183
391
568
3, 768
2,860
717
1,356
368
556
1,378
350
978
829
353
475
2,160
1,371
577
907
635
724
875
789
577
1,085
778
1,032
681
479
202
23
86
519
333
187
11
48
985
613
372
51
50
667
311
356
31
81
980
646
334
8
44
mil. of dol
758
720
898
871
699
394
305
18
41
656
388
268
16
48
801
647
154
19
78
803
643
160
7
61
844
619
225
7
56
550
302
247
58
27
667
404
263
9
48
803
478
325
15
57
523
467
520
399
587
235
458
343
476
358
696
268
622
345
568
365
717
365
556
351
978
297
475
280
'607
'505
374
3,424
1,035
2,416
377
3, 406
1,039
2, 380
360
3,378
967
2,405
372
3,438
974
2, 493
375
3, 430
996
2, 583
366
3, 333
1,001
2 423
375
3, 267
981
2,396
366
3, 145
988
2,220
354
3,150
940
2.340
362
3,151
970
2,322
366
3, 188
1,016
2,272
361
3,113
1,018
2,229
362
3, 220
1,021
2, 236
' 88. 15
88.22
r 87. 46
87.71
87.79
81.80
88.85
88. 95
81. 61
88.42
88. 52
81.32
87.48
87. 56
81.18
88. 26
88 36
80. 98
88.86
88. 97
81. 67
90. 90
91 . 02
82.54
90.08
90.18
82. 59
90.42
90. 53
82. 25
91.30
91.44
81.98
93.15
93. 32
81.98
93. 25
93.40
82. 35
94.3
100.6
85.11
93.0
98.3
83. 15
92.8
100. 1
84. 95
92.9
100. 9
84.82
92.4
99.3
83. 00
92. 0
98 3
81.81
92.8
100. 4
83.60
93.9
101. 9
85.32
94.2
102.3
84.24
94.1
102. 1
84. 39
94 2
103 1
85. 50
94.8
103. 9
88.12
96. 4
106. 7
88. 93
135 448
131, 301
156 380
153, 568
143 838
145, 716
142 252
146, 631
173 204
177, 574
148 246
146 910
133 529
135, 138
157 591
158,056
138 221
131, 152
139 696
133, 902
157,283
150, 807
115, 992
121, 746
133, 757
134,897
133, 845
129, 438
154, 805
151,824
141,290
143,316
139, 702
144,516
170, 098
174, 505
144, 924
143, 885
131, 601
133, 179
155,685
156,053
136, 699
129, 427
137,916
132, 101
153, 990
147, 589
114,373
119,997
130, 349
132, 295
110 616
0
110, 616
105, 166
5,449
145 137
0
145, 137
140, 018
5,119
123 333
0
123, 333
118,668
4,665
130 050
11
130, 039
124, 668
5,371
155 742
0
155, 742
150, 433
5,309
116 340
0
116 340
110, 125
6,215
116 392
2
116,390
110,029
6,361
132 040
0
132,040
125, 256
6,784
110 727
3
110,724
104, 813
5,911
114,871
0
114,871
109, 044
5,827
120 465
0
120, 465
115, 173
5, 292
93, 696
0
93, 696
87, 282
6,414
109, 148
0
109, 148
102, 913
6,235
do
do
103 924
101, 253
1,585
103 473
100, 826
1,573
106 899
104, 223
1,589
106 499
103, 826
1, 582
105 422
102, 723
1,617
106 287
103 596
1, 610
107 041
104, 346
1,621
109 655
106,814
1,634
109 007
106,176
1,626
109, 395
106, 576
1,612
106 876
104, 039
1,622
108, 994
106, 149
1, 602
110,058
107, 192
1,608
do
do
do
117,895
114 776
1,922
117, 967
114, 846
1,923
120 319
117, 171
1,947
120 441
117,291
1,945
120 508
117,311
1,992
120 431
117 237
1,988
120 460
117 277
1,985
120 627
117,350
1,980
121 007
117,740
1,969
120, 979
117, 719
1,960
117,060
113, 780
1,979
117,004
113,748
1,955
118,018
114, 763
1,953
645
152
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
M^onev borrowed
mil of dol
do
do
do
Bonds
Prices:
Average price of all listed bonds (X.Y.S.E.),
total §
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A 1-f- issues):
Composite (21 bonds) c?
dol per $100 bond
Domestic municipal (15 bonds)
do
TJ.S Treasury bonds, taxable^
do
Sales:
Total, excluding U.S. Government bonds (SEC):
All registered exchanges:
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales face value total §
thous of dol
U S Government
do
Other than U S Government total§
do
Domestic
do
Foreign
do
Value, issues listed on N.Y.S.E., end of mo.:
Domestic
Foreign
Face value total all issues §
Domestic
Foreign
r
Revised.
<* Revision for 2d quarter 1959: 596 mil. dol.
OSee corresponding note on p. S-18.
{Revisions for January-March 1959 will be shown later.
9 Includes data not shown separately.
§Data 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.
d"Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1958 and
descriotive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1060
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
FINANCE—Continued
SECURITY MARKETS— Continued
Bon ds— Con tinue d
Yields:
Domestic corporate ( Moody' s)
By ratings:
Aaa
_ _ _ _
.
Aa
A
Baa
By groups:
Industrial
Public utility
Railroad
Domestic municipal:
Bond Buyer (20 bonds)
Standard and Poor's Corp. (15 bonds)
U S Treasury bonds taxable §
percent. -
4.71
4.82
4.87
4.85
4.87
4.91
4.88
4.81
4.76
4.80
4.78
4.74
4.61
4.58
do
do
do
do
4.43
4.58
4.74
5.09
4.52
4.69
4.87
5.18
4.57
4.76
4.87
5.28
4.56
4. 70
4.86
5.26
4. 58
4.74
4.89
5.28
4.61
4. 77
4.93
5.34
4. 56
4.71
4.92
5.34
4.49
4.62
4.86
5.25
4.45
4 58
4.79
5 20
4.46
4. 61
4.84
5.28
4,45
4.60
4.81
5.26
4.41
4 56
4.77
5 22
4.28
4.44
4. 65
5.08
4. 25
4 41
4. 63
5 01
do
do
do
4.80
4.77
4.56
4.68
4.89
4.88
4.70
4.95
4.96
4.69
4. 86
4.99
4.70
4.86
5.05
4.74
4.92
5.08
4. 71
4.89
5 05
4.64
4.79
4.99
4 61
4.70
4 97
4.65
4.76
4.98
4.64
4.75
4.94
4 61
4.71
4 90
4.49
4.53
4.82
4.46
4.48
4.78
do
do
do
3.72
3.96
4.10
3.72
4.13
4.26
3.55
3.99
4.11
3.60
3.94
4.12
3.77
4.05
4.27
3.68
4.13
4.37
3 65
3.97
4.22
3.50
3.87
4.08
3 61
3.84
4 17
3.61
3.85
4. 16
3.53
3.78
3.99
3 47
3.72
3 86
3.33
3.53
3.79
3.51
340.1
1,917.6
878.5
390.6
2, 425. 0
986.7
457. 5
1,931.7
896 8
355.0
1,948.3
896 7
371.5
1,965.5
do _
do
_dO---
77.9
131. C
176. 3
1,233.7
107.8
165. 2
305. 3
105. 9
155. 5
335. 4
1, 522. 1
123.4
252. 8
293. 3
11.0
168.9
132.7
157.3
1,259.3
107.3
177.9
310.0
78.9
134. 5
153. 3
1,261.4
109.3
184. 6
310. 9
78.7
137.1
169. 5
1,264.9
106. 6
do
do
--- d o _ _ _
- do do ..
1.7
200.2
108. 2
20.2
61.5
9.1
1 7
100.6
201 7
109. 1
32 7
74.0
12.1
37. 1
7. 1
88 6
175. 4
60. 1
52. 3
31.4
200 8
111.4
20.6
55. 5
10. 1
7.3
89.7
178. 6
65. 5
56. 7
33.8
201 7
106. 1
18 0
56. 3
10.1
1.8
8.0
88 5
175. 7
78.0
60. 7
41.2
] 8
102.2
8.4
84.2
170. 6
60. 7
50.7
33.6
9.5
94. 6
180.3
62. 3
56. 5
30.8
5.39
5.77
2.62
3.41
3.81
4.33
5.39
5.77
2.63
3.41
3.82
4.33
5.45
5.85
2.63
3.48
3.82
4.33
5. 56
6.01
2 64
3.48
3.82
4.33
5.56
6.01
2. 64
3. 53
3. 90
4.40
5. 58
6.04
2.67
3. 53
3.96
4.40
5.57
6.03
2.67
3.53
3. 96
4.40
5.58
6. 03
2.67
3.53
3.96
4.63
5.59
6. 05
2.67
3. 56
3.96
4.63
5. 59
6.05
2.67
3.56
3. 96
4.63
5. 59
6. 06
2.67
3. 56
3. 96
4.81
5. 59
6.05
2.68
3. 56
3.96
4.81
5.58
6.03
2.68
3. 56
3.96
4.85
5. 57
6.02
2.69
3.56
3.96
4. So
169. 21
194. 70
67.39
74. 35
161. 30
184. 64
65. 69
71.49
162. 37
186.60
65. 51
70.24
164. 47
189. 96
65. 38
68. 39
169. 29
195 43
65 77
70. 24
156. 61
178. 05
64. 67
67. 98
157. 86
177. 30
66.13
67. 05
155. 24
174. 01
66. 66
64.15
152.00
169. 82
67. 30
62.49
155. 49
174.47
67. 31
62.49
158. 87
178. 62
71. 51
64. 20
155. 33
173. 55
71.12
61.95
155.22
176. 68
73. 59
62.28
149. 53
165. 61
70. 25
57. 56
3.19
2.96
3.89
4.59
3.57
2.74
3.34
3.13
4.00
4.77
3.73
2.97
3.36
3.14
4.01
4.95
3.70
3.03
3.38
3.16
4.04
5.09
3.57
2.83
3.28
3.08
4.01
5.03
3. 38
2.72
3. 56
3.39
4.13
5.19
3.68
2.86
3. 53
3.40
4.04
5.26
3. 84
2.76
3. 59
3.47
4.01
5.50
3.85
2.87
3. 68
3. 56
3.97
5.70
3.92
2.93
3. 60
3.47
3.97
5. 70
3.87
2.97
3.52
3. 39
3. 73
5. 55
3.98
2.98
3.60
3.49
3.77
5. 75
4.04
2 93
3.50
3.41
3.64
3.73
3.64
3.83
6. 18
4.02
3.08
Stocks
Cash dividend payments publicly reported: t
Total dividend payments
mil. of dol
Finance
_.
Manufacturing
Mining
__
Public utilities:
Communications
Electric and gas
Railroad
_. . -Trade
Miscellaneous - _._
..
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_
Priee per share, end of month (200 stocks) 9 -—do
Industrial (125 stocks)
do _.
Public utility (24 stocks)
- do ._
Railroad (25 stocks)
do
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
__
Bank (15 stocks)
Insurance (10 stocks)
_
..-percent-._do
do
.. do ___
do
.
_- do
2.8
99.5
4.6
14.2
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp )
percent
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
Standard and Poor's Corporation:*^1
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43—10
Industrial total (425 stocks) 9
Capital goods (127 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks)
Railroad (25 stocks)
Banks:
N Y City (11 stocks)
Outside N Y City (16 stocks)
Fire insurance (15 stocks)
2.8
3.6
12.5
7.80
3 77
3 96
3.3
4.4
2.6
103.2
1.0
23.7
3.0
112.2
4.2
25.0
4.00
2.87
10. 00
3. 99
5.28
10.35
3 89
4 48
9 70
3 82
7 86
9.0
"
4.80
4.81
4 81
4 85
4.87
4 82
4.76
4 71
4.75
4.74
4.70
4.61
219. 84
660. 58
91.24
163. 24
210. 97
635. 47
87. 67
155. 38
212. 04
637. 34
87.87
157. 51
211.25
646. 43
86. 56
150 26
21 7. 52
671.35
87 09
153 79
214. 81
655. 39
86. 78
156. 15
206. 74
624. 88
85. 87
150 73
203. 52
614. 70
87.36
144. 17
205. 04
619. 98
89.10
142 97
203. 39
615. 64
88.91
140. 60
210. 96
644. 38
91. 54
143. 04
206. 96
625. 83
93. 59
138. 36
206. 82
624. 47
94. 46
137. 39
59.40
57.05
57.00
57.23
59 06
58. 03
55 78
55.02
55 73
55. 22
57.26
55. 84
56. 51
do
.. do _ _
do
do
do -
63.74
66. 73
49. 11
45. 15
35.56
61 21
64.16
48 15
43. 59
33.78
61.04
64.25
48.22
44.11
34.32
61 46
64. 63
48 81
43.71
32. 80
63 56
67. 14
49 97
44 31
33. 57
62 27
65. 01
49 00
44. 50
33.68
59 60
61.43
46 51
44.38
32.54
58.71
60.28
46. 14
44.60
31.01
59 46
60.31
46 75
45. 53
30. 59
58. 84
59. 81
46.64
45. 75
30. 18
61.06
62.09
48. 65
47. 35
30.81
59 25
59. 58
47.58
48.02
30.19
59. 96
59. 76
48.16
48.65
30. 19
do
do
do
27. 25
53. 46
33.57
26.72
53.02
31 56
26. 31
53.81
30.60
26. 93
54 75
31 17
29.47
56 59
33 19
28.80
56. 47
33 66
2P>. 80
53 94
33 23
26.87
52. 78
33.24
26. 36
52. 54
33 78
26. 06
51.25
32.69
25. 70
50. 94
33. 81
25. 71
52. 09
34.24
25.26
52. 64
34. 81
3 372
97,364
3, 591
102, 521
4 020
120, 394
4 528
141 308
4, 167
129, 141
3 616
103, 097
3,950
121,791
3, 495
100, 674
3, 938
117, 547
4,784
143, 533
3, 445
105, 352
3.751
116,064
2,875
67, 534
3, 069
72, 810
3,407
83, 884
3. 767
90,021
3,518
85, 579
3, 068
72, 566
3, 356
85, 102
2, 939
70, 285
3,291
82, 391
3, 967
97, 625
2, 862
71, 877
3.119
80. 851
57, 518
61,330
64, 558
72, 244
63. 932
60, 533
65, 715
57, 291
68, 827
76, 533
53, 870
65, 350
290 564
5, 629
295. 165
5, 658
299 112
5,733
307, 708
5.847
287, 977
5. 930
291 191
6,002
287,416
6,050
283, 381
6.074
291. 688
6,181
298, 143
6,274
292, 392
6,306
300, 901
6,341
Shares listed, N.Y. Stock Exchange, end of mo.:
M^arket value all listed shares
mil of dol
Number of shares listed
millions
304 569
5, 510
Revised.
? Preliminary.
§For bonds due or callable in 10 years or more.
{Revisions for 1957-1959 are shown on p. 36 of the July 1960 SURVEY.
9 Includes data not shown separately.
cf Number of stocks represents number currently used; the change in number does not affect continuity of the series.
10.5
3.8
4.70
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
3, 572
Market value
mil of dol
102, 919
Shares sold
thousands
On New York Stock Exchange:
3,026
Market value
- mil. of dol
69, 705
Share*5 sold
thousands
Exclusive of odd lot and stopped sales (N.Y.
Times)
._
_ . thousands. _ 51, 052
T
8.8
199. 78
598. 10
94.37
130. 98
60, 854
"
SURVEY OF CURRENT BUSINESS
October 1!l(>()
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-21
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
)uly
August September
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)0
of dol_
do
transof dol
do
do
6,275
397
6, 828
460
6 734
425
4 035
720
1,123
4,328
1,023
1,017
4 604
705
1 000
5 002
732
1 133
do
do
do
do_
do
6,200
3,848
207
773
1,372
5, 962
3,986
250
752
974
5 761
3, 820
249
764
928
5 993
3, 854
229
738
1 172
Balance on goods and services
do
+75
+866
+973
Unilateral transfers (net) total
Private
Government
do
do
do
931
— 131
-800
1 123
— 153
-970
1 000
-620
-392
-228
+ 1.277
+ 167
+32
-536
-773
+237
+495
+72
+226
-768
—546
—222
Exports of goods and services, total
mil.
Military transfers under grants net
Merchandise, adjusted, excluding military
act ionsj
mil
Income on investments abroad
Other services and military transactions
Imports of goods and services, total
Aferchandise ad justed Jcf
Income on foreign investments in TJ S
Military expenditures
Other servicescf
U.S. long- and short-term capital (net), total
Private
O over mi lent
Foreign long- and short-term capital (net)
Gold sales [purchases ( )]
do
__do_ do
do_ __
do
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:©
Quantity
1936-38=100-Value
lo
Unit value
- -do
Imports for consumption:©
Quantity
- -lo_ _
Value *
_ lo. _
Unit value
lo
Agricultural products, quantity:
Exports, U.S. merchandise, total:
Unadjusted
1952-54=100 .
Seasonally adjusted
do
Cotton (incl linters) seas adj
_ do_ __
Imports for consumption, total:
Unadjusted
- - do.
Scasonallv adjusted
do
Supplementary imports, seas adj
- do. _ _
Complementary imports, seas adj
do
Shipping Weight
— 142
— 149
— 858
-1,091
-626
— 465
+856
+94
— 140
+751
+50
—6
261
568
218
275
601
219
274
601
219
274
600
219
310
681
219
288
633
220
290
640
221
323
711
220
'337
741
220
214
580
272
243
658
271
215
591
274
222
615
277
255
698
274
205
567
276
228
628
275
241
666
277
136
170
63
162
171
107
169
153
135
199
167
199
206
167
162
211
196
2(50
197
189
202
116
126
118
133
140
154
122
179
86
99
89
106
89
103
100
105
119
108
116
105
84
74
96
8,948
Exports incl. reexports§
thous. of long tons _
General imports
do_ . 13, 879
Value©
Exports (mdse.), including reexports, total f
mil. ofdoL- 1,396.6
By geographic regions:A
52. 6
Africa
do
240. 6
Asia and Oceania
do
366.9
Europe
_
do_
8,309
15, 633
7,890
14,710
7, 684
15, 677
8, 701
16, 595
1, 479. 1
1, 481. 6
1,478.6
51.0
240.0
445.6
49.1
257.9
401. 1
53. 8
268. 5
427.1
66. 6
305. 2
514. 9
297.6
138.0
160.7
302.8
147. 0
173.9
324.4
156.7
152. 9
286. 8
150. 1
154. 8
10.0
20.0
5.7
16. 9
9.5
17.8
30.3
2 2
29.2
30.9
3.1
25.2
__ do___
do
do
70.0
8.1
22.4
63.3
4.4
24.7
do
_ do
21 7
0
61.9
27 7
0)
65.1
27
do
do
do
30.4
.1
62. 5
Northern North America
do
Southern North America _ _ _ _ _ _ do. _
South America
do
By leading countrics:A
Africa:
United Arab Republic (Egypt Region)
do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
_
do
Colony of Singapore
_ _
do
India and Pakistan
do
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
East Germany
West Germany ___
__ _ _
Italy
_ - _- _ - _
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
do
Latin American Republics, total 9- - --- do __
Argentina
Brazil _ _ _ _ _ _ _
Chile
r
do
._
do
_ _ .-..do
_
Colombia
Cuba
Mexico
Venezuela
Revised.
-
_
do
do
.do .
_.do_ ._
'335
' 736
'219
'323
' 706
219
220
608
276
221
611
277
229
632
276
201
558
277
190
176
207
195
201
205
180
184
171
169
191
162
176
997
504
113
106
111
103
116
101
112
94
105
91
100
85
110
116
106
124
111
114
107
120
97
108
106
109
7,034
12, 805
7,282
14, 594
7,618
14, 472
9,192
14, 809
9, 460
215,424
1, 674. 5 1, 561. 8
1, 576. 1
1,751.2
1,822.9
1,809.5
1 . 738. 1
1 , 699. 3
1,612.7
52.5
311.2
498. 5
57.8
327. 4
470.1
65. 0
364. 1
493. 3
72.5
351.3
526. 4
63.1
332.1
570. 6
60.1
323. 9
532. 8
65. 0
347. 2
533. 7
72.9
312.6
522. 5
306. 5
153.0
174.0
283.0
133.4
159. 5
295.4
132.2
158. 6
337.2
151.0
165. 3
351. 3
151.3
180. 6
348.1
141.0
184.3
330. 3
146. 0
180. 5
283. 2
139. 5
181.7
288. 7
132.4
161.5
12.6
17.8
18.8
21.2
12.5
16. 7
10.3
23.3
14.1
22.6
15. 9
26.7
9.1
25. 3
7. 6
23. 5
6.9
31.2
11. 1
30. 8
30.0
2.2
28.8
32.3
2 3
24.9
24.5
2.7
30. 0
19.9
2.2
47. 4
26. 6
2.8
61.3
23.8
3.1
78.8
27 7
3.' 6
81.2
30.9
3.2
69. 8
31.7
3. 9
63. 2
41.6
3.8
GO. 1
37. 4
4.0
61.3
73.4
7.0
24. 5
90.3
4.7
121.3
8.0
25.6
106. 4
12.3
23.2
107. 5
8.8
23.0
115.7
9.6
28.1
111.4
4.3
26. 2
106. 0
6.4
22.7
101.3
4.0
22.0
121. 1
5. 7
25. 3
93. 5
5. 1
21.6
9
0
66. 0
30. 7
0s)
72.0
53. 0
0)
87.2
50. 3
2
97'. 1
41.3
(')
84. 2
53.1
.3
91.5
48.7
()
94.1
47.3
.4
96. 7
46. 8
86'. 3
49. 3
1. 8
82. 3
57. 3
.3
80. 4
41.2
.1
120. 9
33. 8
.3
89.5
31.3
.3
84.1
46. 3
2.8
97.4
44.4
1.2
100.7
50.3
4. 0
94.7
47.8
.4
93. 5
55.4
2.1
98. 5
53. 7
1.9
135. 4
4.4
114.8
60. 1
1.9
1 1 7. 0
49. 9
5. 9
99. 6
"311
p 690
p 092
r
297. 6
302.7
324.3
286. 8
306. 5
283.0
295. 4
337. 1
351.3
348. 1
' 329. 8
283. 2
288. 7
279.2
298.8
289.3
282.8
303. 4
270. 1
268.7
290.4
306. 7
302. 3
302. 8
296. 3
271.5
26.2
30.8
9.5
23.0
35.7
11.6
16.4
25. 5
11.1
21.2
30. 4
10. 9
25.7
31.5
15.0
24.7
27. 6
16.2
26. 7
19.8
15. 1
22.9
29. 6
12.9
24.5
30.8
16.7
25. 9
40.0
1 (i. 6
31.8
47. 0
Hi. 2
30. 8
42,1
1 7. 6
28. 7
38. 0
12.9
18.0
36. 6
57.4
54.4
17.6
38. 6
56. 5
62.6
15.6
41.7
66. 4
66. 1
15.2
40.7
60. 4
58.0
19.9
20.0
31.4
23. 8
69. 1
5fl. 2
54.5
52.2
2 Revision for May 1959: 14,217 thous. long tons,
20.6
21.5
60. 6
52. 9
21.8
26.1
71.2
50.4
23.7
25. 7
68. 5
50. 2
23.2
66. 8
42.4
20.8
21.7
74. 4
30. 9
19.4
19. 5
67. 0
43.9
17.3
18. 1
66. 6
40. 9
ly 1956, also "consumables and construe1.2; 62.6.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October ]f)60
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueO— Continued
Exports of U.S. merchandise, total^
mil. of dol
By economic classes:
Crude materials
_. do
Crude foodstuffs
do
Manufactured foodstuffs and beverages... _ _ d o _ _ .
Semimanufactures 9 — -.
do
Finished manufactures 9
do
By principal commodities:
Agricultural products, totaled
do
Cotton, unmanufactured
Fruits, vegetables, and preparations
Grains and preparations
Packinghouse products
Tobacco and manufacturesA
1, 464. 2 1, 465. 9 1,462.4
1,658.8
1,543.7
1, 805. 9
1, 793. 6 1,721.7
1,682 5
1, 594. 7
184.7
107.3
108.7
183.2
882.0
232. 5
117. 1
94.4
193. 6
824.7
245.3
126. 2
92.3
260. 0
935.0
242.7
122.4
82.9
239.8
855. 9
208.2
130.7
93.3
251. 1
875.9
201.2
128 6
93 2
283.2
1,026.9
189.9
152. 0
93.0
304.4
1,066.6
197.2
153 1
81.0
310.4
1.051.9
191.9
130 4
90.5
333.3
975.7
196 6
126 6
83.3
313.5
962 6
163. 7
123.7
94.5
337.0
875. 7
130.5
117.2
99.4
208.3
828.6
186.1
114.4
102.5
226.7
834. 6
1, 559. 2 1,733.1
298.2
361.3
359.9
405.9
420.0
413.2
399.1
388. 2
393.3
388.5
366.8
358 6
327.1
do
do
do
do
do
11.6
35.6
119. 5
23.5
39.2
26.0
33.5
111.3
25.9
81.8
46.2
44.6
103.1
27.0
44.2
78. 0
34.4
108.0
27.2
44.7
89.1
29.8
123.9
24.0
50.9
137.5
32.7
121.4
25.5
23.9
106.6
29.7
136.6
22.9
26.6
100.3
28.5
137.0
24.4
28.1
87.3
29.2
159.0
27.6
16.5
69.6
32.1
150.2
24. 2
26. 3
65. 4
37.3
123.2
22 5
30.8
86 5
31.4
120 3
22.7
22 3
15.9
31.0
115.6
24.4
36. 6
do
1,085.7
1, 103. 0
1, 106. 0
1,056.5
1,238.8
1, 130. 5
1, 160. 1
1,344.9
1.412.6
1,405.1
1,354.9
1, 324 0
1,267.6
do
do
do
__do_--
83.4
123.1
39.8
36.8
89.7
139.6
36. 5
31.2
107. 2
118.2
32.4
29.9
101.3
109.9
27.0
36. 1
99.4
152. 4
29.8
53.8
112. 5
132.7
21.8
50.1
122.8
121.1
22.5
55.0
125.1
146.6
22.5
67.2
121.5
150.6
33.3
71.6
121. 7
142. 5
32. 6
84. 2
108.7
142.9
32.6
96.9
87.0
145. 3
31.7
83.1
82.4
140.9
37.5
92.4
Nonagricultural products totalcf
Automobiles, parts, and accessories
Chemicals and related products§
Coal and related fuels
Iron and steel products©
1, 383. 9
Machinerv, total §cf
Agricultural
Tractors parts, and accessories
Electrical
M^etal working §
Other industrial
Petroleum and products
Textiles and manufactures
do
308.1
316.8
326. 1
301. 1
341.4
315. 5
330.2
369.8
384.8
373.2
356.8
372.7
331.3
do
do
do
do
do
11.7
27.5
77.9
24.9
152.2
9.6
32.9
81.5
22.2
156. 2
8.2
28.7
89.2
22.3
160. 9
8.9
23.8
79.4
22.8
150. 7
8.8
26. 1
84.1
27.3
174. 5
9.8
32.7
73.9
24.5
156. 7
12.6
35. 6
73.5
26.9
161. 4
15.0
34.2
87.2
26.2
188.6
18.1
36.9
87.8
29.2
192. 6
16.2
35.6
89.6
33.1
178. 6
14.6
31.2
75.7
29.9
183. 6
11.9
30.1
89.0
32.0
188.7
11.4
29.7
78.5
27 9
165. 5
do
do
38.3
52.1
39.0
58.7
38.5
58.4
31.2
58. 5
44.6
66.8
37.8
54.8
35.0
58.4
40.5
61.5
44.9
64.4
40.5
57.2
47.1
56. 0
40.6
60. 6
41.0
50. 7
1, 202. 0 1 , 282. 2
1, 259. 5 1.313.0
do
1, 189. 1
1,392.1
1,477.8
1, 137. 4
1,287.8
1,375.3
1,257.4
1,155.0
1.228. 1
do
do
do
40. 5
253. 2
341. 5
58.8
288. 4
425.3
35. 0
254. 7
368. 4
51.3
242.0
402.4
60.7
264. 4
471.7
41.6
234.7
359. 0
47.9
235.9
406. 2
58.4
254. 2
435.1
45. 5
264. 0
381. 6
51.4
243. 3
367. 9
47.4
273.9
356. 1
44.5
260 0
308.3
39.9
290. 3
307. 0
Northern North America
Southern North America
South America . _ _. _
By leading countries:
Africa:
United Arab Republic (Egvpt Region)
Union of South Africa
Asia and Oceania:
\ustralia including New Guinea
Colonv of Singapore
India and Pakistan ..
_
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
_ _
Fist Germany
West Germany
Italv
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
do
do
do
249. 5
103.2
201.1
255. 0
112.2
252. 5
281. 5
86.4
176.0
291.8
106.9
187.8
288.8
140.9
251.3
218.1
117. 6
166. 5
234.9
158.4
204.5
256. 0
158.7
213.0
225. 3
140.5
200.4
254. 4
156. 3
186.2
271.7
131 0
232.9
233. 2
123. 9
185.1
261. 1
106. 8
223. 1
do
do
.4
5.9
2
8.9
.1
8.9
.2
14.3
.3
14.8
.7
12.7
2.6
9.5
5.0
12.6
3.4
8.5
4.4
9.7
3. 7
9.4
6.0
5.6
1.7
8.0
do
do
do
do
do
do
17.2
2.5
19.6
88.4
14.0
34.4
22.5
2.0
20.3
99.3
17.8
36.0
15. 3
3.0
18.5
95. 9
15.3
25.5
14.1
1.8
19.3
95. 9
12.6
21.1
20.7
2.4
21.0
107.8
15.0
14.7
14.0
1.4
20.1
93.8
21.6
22.0
16.2
1. 7
25.2
83.0
15.8
24.8
11.1
1.1
23.4
98.8
14.5
27.0
14.8
2.0
21.7
100.2
16.4
26.5
7.0
1.7
22.3
96.0
17.5
23.8
9. 1
4.1
23,2
103 6
22 9
29.4
18. 9
.9
25 2
96.4
14.3
36. 9
16.7
1.2
19.6
109.9
22 6
35.2
do
do
do
do
do
do
37.8
.2
66. 7
34.5
2 3
85.6
42. 5
.3
87.3
34.0
3.6
103.5
36.2
.2
75. 6
35.2
2.5
94.0
42.9
2
82.5
32.2
1.0
96.6
45.0
.2
99.4
44.0
3.0
103.6
33. 6
.2
70.2
28.8
.9
86.9
43.2
.3
88.4
35.4
3.3
92.8
46.8
.2
90.6
40.0
1.9
107. 8
38.0
.2
77.4
36.3
2. 2
88.5
35.1
72. fi
27. 3
1.2
94. 2
29. 4
.3
71. 1
33.2
2.8
93. 8
30.7
.4
68.2
26. 6
9 2
66. 6
29.1
.3
63. 6
34.4
1.8
69. 1
do
249.2
254. 4
281.3
291.5
288.7
218.0
234.8
255.9
225.3
254. 3
271. 6
232.9
260. 6
Latin American Republics total cf
do
280. 2
334.0
235.3
261.8
353. 0
252 4
324.4
336. 7
306. 4
308. 5
332.4
273.4
291.0
7 8
39.0
17.3
25 5
23.7
28.3
77.2
1,261.4
8.8
66 5
25.8
30.1
27.5
39.1
96.3
1,431.6
7.0
27. 7
18.9
18.6
25.6
38.6
72.7
1,162.5
8.4
49.2
12.8
31.2
40.8
52.4
79.8
1,288.6
11.5
44.9
19.8
26.4
51.6
45.4
84.6
1 , 366. 1
9.3
47.4
17.0
18.8
48.2
38.8
84.2
1,246.3
8.6
47.7
13.8
24. 0
60. 3
40. 1
72.5
1,253.1
9.0
8.3
62.0
49.2
18.5
13.5
21. 6
18.0
47 7
46. 6
28.2
24.3
90.3
68.4
1 . 295. 6 1,144.8
9.1
57. 5
24.6
22.1
11.7
33.1
76. 0
1, 245. 3
General imports total
By geographic regions:
Africa
\sia and Oceania
Europe
__
_
Argentina
Brazil
Chile
_
Colombia
Cuba
Mexico
Venezuela
Imports for consumption total
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
_
Finished manufactures
By principal commodities:
do
do
do
do
do
do
do
do
9.7
70. 5
14.3
27.3
43. 6
24.8
60.7
1, 190.1
10.1
82.1
21.7
43.8
43.1
25. 6
66. 0
1,349.2
8.8
42.1
16.1
25.0
20.1
24.6
62. 5
1,211.8
do
do
do
_ do
do
251. 4
144.7
137.0
253.8
403.1
265. 1
190. 6
162. 9
274.4
456. 1
264. 6
113. 6
118. 2
257. 0
458.4
251.9
129.2
109. 9
299.2
471.1
283.3
189.5
127.9
322. 7
508. 1
245. 0
111.4
105. 9
289. 9
410.3
246. 8
165. 9
117.3
293. 5
465. 1
261.3
166.2
131.8
308. 3
498. 5
255. 1
140. 0
138.9
254. 8
457. 5
256. 3
155. 6
144.9
243. 3
453. 0
281.8
152. 6
140.6
269. 2
451.4
236. 5
127. 4
135. 3
228. 3
417.4
290. 7
142. 6
137. 6
248.2
426. 2
351 3
9.4
99.3
32 0
48.3
14.7
838.7
4.5
49.1
87.6
22 2
5.5
28.5
54.9
102.8
418 6
14.4
136. 7
35 0
50.5
20.7
930. 6
5.9
54.5
94.1
31 1
14.2
28.2
58.8
116.0
276 9
5.9
65. 7
36 6
23.3
18.0
934.9
4.2
56.7
93.3
21 9
8.6
29.0
58.9
109.3
283.4
10.2
74.5
36.3
17.9
12.0
978.0
5.7
76.0
105. 6
42.3
7.6
32.0
60.9
122.8
367 2
23. 0
113.3
35. 7
26.2
18. 1
1, 064. 3
21.0
82.8
111.4
43 5
7.4
28.3
65.1
141.5
270. 1
9.5
56. 8
26. 9
32.2
18.3
892. 4
16.8
70.2
115. 7
40.3
12.5
24.9
48.2
126. 6
343.1
11.6
101.7
32.7
42.4
19.4
945.5
13.5
69. 9
103. 2
43.1
9. 1
30.1
53. 6
131.8
362.9
12.6
95.1
31.4
50. 2
23.9
1.003.2
9.8
69.3
98.6
33 2
10.4
29.3
58.1
134.6
336. 1
13.5
74.7
30. 4
48.3
17.2
910.2
9.7
52.0
92.8
31.4
8.9
25. 0
54. 6
130. 2
342.3
16.7
82.3
26.8
58.3
13.8
910. 8
7.0
42.9
96.1
37.5
9.6
27.0
61.0
113.6
343 4
17.4
84.3
26 8
49.9
19.7
952. 2
8.4
38.8
100.4
37 7
13.2
29.6
60. 5
138.6
305 7
10.7
78.0
25 0
50.0
15. 5
839.1
5.8
'30.2
94.3
29 6
7.3
25.0
52 9
108.2
344.8
11.6
91.8
32.7
39. 5
17.3
900. 6
4.9
30.7
101. 5
35.3
11.3
33.1
61. 6
125.8
Cocoa (cacao) beans incl shells
Cofee
Sugar
_
Wool and mohair, unmanufactured
Nonagricultural products totaled
Furs and manufactures
Iron and steel products©*
Nonferrous ores metals, and mfs totalc?
Tin including ore
Paper base stocks
Newsprint
Petroleum and products
do
do
do
do
do
do
do
do
do
do
do
do
_ _ _
r
Revised.
O Revisions for January 1958-January 1959 will be shown later.
H See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are
included with finished manufactures.
cf Includes data not shown separately.
AManufactures of tobacco are included in the nonagricultural products total.
§Excludes "special category, type 1" exports.
©Comprises pig iron, scrap, steel mill products, and'certain other iron and steel products; excludes advanced manufactures. Revisions for exports and data for imports (prior to December 1958) will be shown later.
*New series; see note marked "©".
SURVEY OF CURRENT BUSINESS
October 1t>60
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-23
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August September
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines§
Scheduled domestic trunk carriers:
Financial operations (quarterly totals):
Operating revenues total 9
mil. of dol
Transport total 9
__do ___
Passenger
do
- --do
490.9
487.0
445. 0
28.5
10.0
462
458
414
28
12
do
__do
444.4
22.6
461 6
50
(Jo
Propertv
IT S mail (excl. subsidy)
-
Operating expenses (incl depreciation)
Net income (after taxes)
Operating results:
Miles flown revenue
thousands..
Fxpress and freight ton-miles flown . _ _ _ _ d o _ __
M"ail ton-miles
flown
do
Passengers originated revenue
_ _ _ -do __
Passenger-miles flown revenue
millions
1
7
1
8
2
9
4
8
4
9
P500 0
vP 496. 3
451 8
*>29. 1
pll.4
474 7
"481 7
p8. 6
452
448
406
28
10
d
13 7
66, 544
29,341
8,996
4,191
2,734
63, 321
31, 230
9,307
4,032
2,515
64, 247
32, 789
10, 138
3,988
2,385
60, 548
27, 521
9,264
3,712
2,202
63, 577
32, 087
14 986
3, 745
2 377
62, 564
27 274
9 741
3 732
2 416
58, 697
29 814
9 729
3*440
2 136
62, 397
30 937
11 047
3 670
2 284
61, 874
30 280
10 857
4 019
2 505
61, 498
30 236
10 364
4 002
2 444
59, 825
30 890
10 512
4, 183
2 790
63
29
10
4
2
thous. of dol
do_ __
30, 292
11,033
34, 677
14, 708
34, 296
14, 422
32, 079
12,164
40 834
17 171
27 508
7,970
29 691
9 930
32 782
12 634
30 815
11 003
30 308
10, 737
30 923
11 412
25 233
5 766
cents..
millions
__mil. of dol. _
18.0
573
107.1
18.1
629
110.0
18.1
666
124.5
18.2
625
117.8
18.2
681
127. 1
18 5
616
114 4
18 5
613
112 7
18 5
679
123 8
18 6
652
121 9
18 7
647
118 9
18 97
60
115 0
18 8
554
108 1
18.9
584
132
109
030
013
706
Express Operations
Transportation revenues
Express privilege pavments
Local Transit Lines
Fnres average cash rate
Passengers carried revenue©
Operating revenues
_
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number 0of reporting carriers
Operatin " revenues total
Expenses total
Freight carried (revenue)
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues total
Expenses total
Passengers carried (revenue)
mil. of dol
- do
mil. of tons
898
1, 159. 1
1,103.9
66. 5
897
1,199 7
1,181.2
70 3
949
1 182 7
1 159 9
79 4
mil. of dol
do
millions
137
134.0
104.4
62.8
137
105 4
96.3
55 8
139
92 3
90 9
51 4
140
115 8
99 7
57 5
Class I Railroads
Freight carloadings (A. A. R.):d"
Total cars
Coal
Coke
Forest products
thousands..
do
_ _ _. do __
do
Grain and grain products
Livestock
Ore
Merchandise, l.c 1
Miscellaneous
_
_
do
do ._
do
do __
do
Freight carloadings, seas. adi. indexes (Fed. Res.):
Total
__
.
1935-39 = 100..
Coal
_ ._ do .
Coke___
do
Forest products
do
Grain and grain products
Livestock
Ore
__
Merchandise, l.c.l
Miscellaneous..
_
do
do
do __
do
do __
Financial operations:
Operating revenues, total 9 _
Freight- _.
Passenger
_mil. of dol
do
do
2,168
392
12
169
2, 190
'404
12
163
r
2,908
542
16
202
2,403
452
28
157
2, 376
454
45
156
2, 870
555
58
185
2,293
423
46
154
2,300
427
47
155
3,088
530
50
200
2, 559
430
33
157
2, 514
451
28
156
2,847
357
99
180
2. 385
420
99
160
207
20
42
166
1,161
200
32
35
165
»• 1, 180
284
55
50
213
1, 546
225
32
156
154
1 199
176
19
146
143
1,237
229
22
109
176
1 536
185
14
85
149
1 237
194
17
79
153
1 228
238
21
226
189
1 635
175
20
289
146
1 308
203
15
290
138
1 239
344
16
399
167
1 425
234
16
239
140
1 154
133
1 136
95
81
40
130
96
87
42
127
98
90
42
123
107
97
93
136
120
97
142
143
119
95
143
141
113
87
137
129
110
87
146
126
111
88
126
130
109
90
107
102
83
89
194
191
97
66
78
120
99
86
72
123
97
89
6K
US
135
37
25
26
108
132
46
21
26
108
161
52
23
26
107
167
46
152
25
114
134
36
403
24
129
137
35
310
24
131
133
32
297
24
127
150
38
252
24
121
150
34
185
24
125
141
39
185
°3
193
149
31
163
2°
113
1 69
31
150
150
30
139
110
108
135
39
120
21
106
' 774. 3
' 642. 6
62.4
769.2
648.7
49.9
808.3
687 3
47.3
780.9
658 9
48.3
845. 8
696 3
60. 5
789 3
667 7
55. 1
774 2
658 9
50.9
847 6
723 4
52.2
823 6
698 1
51.0
8°9 5
705 1
51.7
824 2
694 7
60.2
759 1
634 i
60.6
809 0
679 4
60. 5
Operating exnenses-.. _
_ _ _ _ _ __
do
Tax accruals, joint facility and equipment rents
mil. of dol
Net railway operating income
do__
Net income (after taxes) _ __
do
629.4
615.1
625. 8
617.4
654 3
633 9
620 7
6^8 6
634 1
648 3
644 0
628 7
105. 1
'39. 8
25.2
108.3
45.8
29.3
115. 4
67. 1
50.0
107.2
56.4
40.7
114. 1
77.3
94. 8
111.8
43.6
30.4
111 3
42.2
24 6
127. 8
61.2
44 2
124 4
65.1
48 9
120.0
61.3
47 3
123 1
57. 0
43 1
106 4
24 0
Operating results:
Freight carried 1 mile
mil. of ton-miles
R evenue per ton-mile
_
cents
Passengers carried 1 mile (revenue)
millions
47, 090
1.412
2,262
45, 786
1.459
1,714
49,811
1.420
1,588
48, 881
1. 385
1, 571
49, 502
1.431
2,030
50, 265
1 384
1,824
46, 732
1 435
1,628
51, 597
1 441
1,654
51, 357
1 39S
1 675
52, 664
1 386
1 691
49. 687
1 422
2, 054
46, 752
13, 242
10, 575
2,667
13,808
11,265
2,543
13,075
10, 591
2,484
13,164
1 0, 859
2,305
12,942
11,018
1,924
11,712
9 874
1,837
12,320
10 337
1,983
12 067
9 967
2 100
13 865
11 512
2 353
15 198
12 309
4 542
1,114
4 334
1,091
4 287
901
4 595
855
5 249
1 094
4 871
873
5 1 59
1 063
5 609
1 256
4 988
1 080
5 595
1 420
99
44.4
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 _ _
In United States vessels
thous of long tons
do
' Revised.
•* Deficit.
§ Data beginning 1959 include operations intra-Alaska and intra-Hawaii, not included in earlier figures.
9 Includes data not shown separately.
© Re visions for 1958 are shown in the June 1960 SURVEY.
cfData for October 1959 and January, April, and July 1960 cover 5 weeks; other months, 4 weeks.
2. 274
408
20
152
2 889
5 193
I 268
P
COO
1 097
r or1]
933
198
26
2(r>
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
I960
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
July
June
August
September
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room.
_ _ dollars,Rooms occupied
percent of total _
Restaurant sales indexf
same month 1951 = 100-Foreign travel:1
IT S citizens Arrivals
thousands
Departures
_
do _ Aliens* Arrivals
do
Departures
_ do
Passports issued and renewed
do
National parks, visits§
do
Pullman Co.:
Revenue passenger-miles
- millions
Passenger revenues
_ _thotis. of dol .
9.41
64
110
9.28
70
116
9. 65
73
114
9.52
65
110
8.55
53
115
8.82
66
116
8.90
68
118
8.61
68
124
9.38
67
115
8.73
69
125
9.26
67
117
57
113
252
186
121
88
51
5,612
203
145
133
98
44
2,130
151
122
102
83
37
1,192
119
101
79
68
33
817
110
120
82
91
38
528
127
136
82
62
56
1
561
131
146
78
62
72
574
144
146
90
73
100
608
147
171
99
79
119
1,131
158
178
111
91
114
1, 805
178
259
110
111
98
3 755
69
«• 6, 490
300
4, 786
249
3,997
258
4, 135
241
3,818
288
4, 590
342
5,525
312
5, 052
317
5, 130
284
4,581
251
4,011
299
4,745
301
4,734
654. 3
365. 8
226. 9
390. 5
110.3
60.6
654.3
369. 1
222.3
400. 2
109. 6
61.0
666. 6
376. 7
227.0
406. 7
102. 0
61.3
657. 4
376. 3
217.1
394. 3
110.8
61.6
679. 3
383. 0
232. 5
423. 3
120. 4
62.0
667. 1
381.0
221.3
395. 9
111.3
62.2
665. 2
381. 8
218.2
398. 1
109. 6
62. 5
692. 8
387. 8
239.9
422.8
110.9
62.8
688. 9
389.2
233. 9
408. 2
117.0
63.1
696. 6
390. 8
239. 3
416. 9
116.5
63.4
700. 1
392. 8
240. 1
420. 5
116 6
63.5
689. 1
388.1
21,905
18,812
2,218
21,992
19,114
2, 034
22, 023
18,967
2,263
20. 496
18.225
1, 540
22, 071
18, 993
3, 089
20, 356
18, 518
579
20, 520
18, 082
1, 2f;0
22, 354
19, 146
1 , 984
21,356
18,543
1,619
21,825
18, 975
1,643
22 626
19, 798
1 647
20,517
20,d 159
2, 936
2, 246
367
3,181
2, 304
449
3, 237
2,399
489
3, 068
2, 289
449
3, 343
2, 751
283
2 976
2,478
135
3, 001
2, 112
230
3, 346
2, 534
452
2,970
2,513
157
3,122
2, 612
189
3 000
' 155
2,878
2,301
258
3, 913
3, 060
721
4,094
3,078
894
4, 258
3, 105
1,045
4, 034
3,116
803
4, 444
3, 367
916
4,148
3, 1 77
822
4, 243
3, 205
887
4, 365
3,394
823
4, 007
3,142
706
4,200
3,282
760
4 227
3, 425
637
3, 936
3, 338
454
r
1
65
112
9.47
67
114
64
5. 996
49
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls message
Operating expenses, before taxes
Net operating income
Phones in service, end of month
-
mil. of dol
_ _-do
do
do
do
millions
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of doL
Operating expenses incl depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
Operatin°" re venues
do
Operating expenses, incl. depreciation
do
Net operating revenues
do
410. 4
116.6
63.8
758
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!:
Acetylene
mil. of cu. ft
Ammonia, synthetic anhydrous (commercial)
thous. of short tons__
Cnlcium carbide (commercial)
do
Carbon dioxide, liquid, gas, and solid. . _ . -do
Chlorine gas
Hydrochloric acid (100% JJCl)
do
do
Nitric acid (100% HNO 3 )
_ _ ._.
do _
Oxygen (high puritv)
mil. of cu. ft
Phosphoric acid (100% P 2 Oc)
thous. of short tons
Sodium carbonate (soda ash), synthetic (58% Ns^O)
thous. of short tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thou's of short tons
Sodium sulphates (anhydrous, re fined; Glauber's salt;
crude salt cake)
thous of short tons
Sulfuric acid (100% IT2SO4)
do
Organic chemicals:^
Acetic acid (synthetic and natural), production
thous of Ib
Acetvlsalicylic acid (aspirin) production
do
Alcohol, ethyl:
Production^
thous. of proof gol
Stocks end of month^[
do
Used for dena turation
do
Withdrawn tax-paidf
do
Alcohol, denatured:
Production
thous. of wine gal_.
Consumption (withdrawals)
do
Stocks, end of month
do
Creosote oil, production
DDT production
Ethyl acetate (85%) production
thous. of gal
thous of lb
do
980
974
1,004
1,020
1,090
1,090
1 068
1,148
1,026
1,082
926
938
976
342.6
81.4
102. 5
359.0
79.0
90. 9
390. 0
75.9
83.1
382.1
82 2
70.0
419. 7
103. 9
70.6
396. 4
92 2
66.8
381.3
87.9
65.8
423.4
100 8
66.2
416.2
96. 6
73.3
434.0
100 5
84.6
407.9
92 4
95.6
382. 3
380. 3
97. 6
100.0
364. 0
89.9
364. 3
89.2
387.0
90. 1
376. 6
87.0
379. 5
90. 7
385. 3
94 9
369 5
90. 6
397.2
94 6
383. 9
93.5
395. 4
90 0
377.1
76 8
' 384. 9
390. 5
79 6
241.8
2, 066
154.1
261.3
2, 033
153.4
268. 7
2,113
102. 7
268. 5
3, 710
153. 7
288.3
5,312
159. 6
288.0
5, 094
162. 4
280. 7
4. 771
158. 8
304. 5
5, 135
183. 9
275. 5
4,778
183.0
265. 1
4,804
189. 9
234. 6
4.488
171.2
242.4
4,220
159. 1
255. 3
4.4D4
184.2
423.8
9.4
398.7
406. 5
8.9
397. 5
428. 1
10.1
420. 0
427. 6
10. 5
407. 0
402. 3
10. 4
404. 0
388.7
11.8
415.4
381.9
9.9
401.0
415.9
10.1
428.3
399.0
11. 1
407. 7
392. 2
11.2
422.5
370.1
10.9
402. 9
371.3
10. 9
406 5
388. 2
ft.O
416. 4
37 4
51.0
53. 3
49.6
40. 9
30 4
39. 7
49. 1
50.3
46 3
34.6
28 0
45 4
85.7
1,324 3
86 3
1,349.7
90. 1
1,456.6
90 5
1,457.6
92.4
1, 548. 8
92.4
1, 589. 4
90. 5
1, 501.8
95.3
1 619 1
89.5
1,556.4
92.4
1,614 2
87.6
1,495.4
87. 6
1, 336. 0
1. 407 2
58 971
93, 860
1 , 361
61,095
90, 649
1. 262
64 432
95, 31 1
1 , 690
57, 303
81,737
1,677
62 9»if)
104. 529
1, 805
60. 536
93 744
2,014
65, 926
93, 302
2 004
67, 137
99,010
2,073
59, 955
89, 193
2,056
67 261
98, 308
1,992
65, 84-4
94, 200
1 , 906
71 165
88, 703
1. 696
41, 121
34,110
38, f>6l
594
39, 557
32, 269
38, 348
714
42, 685
31, 579
42, 603
700
42 200
29, -197
41,984
676
41. 904
25, 206
47, 999
570
42, 520
29, 279
41,659
620
41, 550
29,124
50, 005
655
43, 492
26, 506
44, 112
746
45, 335
28, 410
47,015
647
49, 057
33, 235
46, 502
660
47, 884
33, 259
41, 620
706
20,819
21 439
4, 825
20, 688
2! 965
3, 506
22, 963
?2 631
3,827
22. 549
23 924
2, 448
25, 758
5, 73*')
22, 476
24 587
3', 069
26, 757
25 1 7s
5, 291
23, 674
25 366
3, 729
25,216
23 167
5' 723
24, S80
27 970
3i380
5, 587
12 717
7 923
6, 236
13.328
4,819
1 3, 1 99
8 381
6, 371
12,012
7 495
9, 088
13,550
10 754
6, 980
13 863
8 588
7, 085
12, 377
5, 925
8, 344
13,617
9, 849
9, 688
13,393
7 338
7, 946
13, 748
5 895
r
- 43. 686
127, 911
43, 132
2
3. 993
54. 943
131. 6f3
48. 077
5, 000
22, 409
22 094
3,721
23,154
23 611
3. 2X1
25. 861
7, 953
12, 444
7 705
7, 357
13 531
7 648
2
3, 503
97, 062 100, 626 1 12, r»29
96. 402
96, 623 1 03, 1 50 99, 114 105, 406 114,344 108,128 107,262
96,410
Ethylone glycol, production
do
148,129 1 55, 724 1 59, 393 154,846 140,888 148,791 147, 906 156, 861 147, 933 138, 955 143,938 110,367
Formaldehyde (37% HCIIO), production
do
Glycerin, refined, all grades:
23, 500
24, 800
27, 700
25, 600
21,000
24, 200
25, 100
25, 400
23, 800
26. 600 3 23, 600
23, 700
24, 300
Production
do. _ _
42,500
•"» ion
42, 3(M)
29,200
32. 900
39, 600
27, 400
46, 500
40,200
40 100
Stocks end of month
do
34, 000
13, 100
3t i,8dO
Methanol, production:
Of) 9
199
ISs
199
161
187
1^3(
164
184
1ST
1*9
179
Natural
thous of gal
°4 t'MS
25 3oi )
24 502
23 770
21 653
2? 521
°"j 593
2! 97 i
23 23 d
22 699
22 07 1
22 591
Synthetic
do
17,481
31.9VJ
36, 550
f}1 , 476
35, 068
30, S58
2(>,483
30, (>75
HO, t'»l 2
23, 274
30, 970
27, 091
Phthalic anhydride, production
thous. of l b _
r
d
l
Revised.
Deficit.
Data beginning January I960 reflect revised -lofhiiiioi^ of visits; comparison of January 1960 figure ^on old basis) with data for January l')."'j ^ho\\ > an increase
2
of roughly 15 percent.
See note "!"." 3 Data beginning June I960 are confined to produces' and \\aiehouso slocks (c-onsum'MV
are not included).
t 'Revised series (first shown in October 1959 ST m YA ), reflecting change in comparison basv period: m o n t h l y dat i for 195-v July 195S aro available upon request.
§Beginning w i t h the October 1959 SFRVEY, the ficures include visits to Mount McKinlcy, Alaska ind Hau aii N Uional Park, IJ'uuiii. Comparable data for earlier periods will be shown
later.
9 Includes data not shown separately.
JRevisions for 1957 and 195^ appear on p. 24 of the April 1960 SURVKY.
cfData (except for alcohol) arc reported on basis of 100-percent content of the specified material unl.^s otherwise indicated.
\ Effective July 1960, data include amounts el i^'fie-l as "spirits."
Juiu 1960 d a t a on comparable basis (thous. e il. i • Produ' lion, ~,3,137; stoc I;1-, 129,041; \\ ithdra\\ n t l t \ - p u i. .V02.
SURVEY OF CURRENT BUSINESS
October ]9GO
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-25
1959
I960
DecemAugust SeptemOctober November
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
198
thous. of short tons__
462, 443
short tons
34, 861
- do
368, 917
do
40, 171
_ - - - do
339
456, 690
33, 852
362, 969
51, 178
322
437, 592
24,170
326, 939
74, 683
336
342, 512
62, 129
239, 817
27, 740
343
567, 564
68, 680
377, 877
97, 357
406
430, 240
30, 928
313, 707
81, 898
503,
24,
404,
67,
510
586
632
784
017
1,146
547, 146
36, 063
413, 006
83, 988
2, 205
497, 862
26, 575
425, 667
31, 353
1, 431
641,697
46. 888
522, 742
60, 621
890
694, 324
42, 978
587, 210
49, 561
345
630, 124
46, 690
501,920
67, 706
613, 804
38, 694
496, 865
70, 879
323, 819
200, 980
32, 651
6,122
93, 022
326, 968
199, 315
67,118
12,989
76, 514
135, 795
92, 385
25, 933
7, 460
15, 538
149, 848
89, 390
24, 507
8,444
6,692
261, 711
145,033
28, 843
19, 296
68, 169
147, 895
77, 824
25, 609
7,737
21, 885
252, 935
118, 667
17, 622
8. 814
72; 275
362, 895
169, 045
39, 043
6, 918
41,117
294,711
163, 619
29, 535
9, 863
38, 932
274, 835
134, 008
48, 265
15,041
37, 563
182, 445
99, 751
63, 822
25, 386
22, 534
165, 547
66, 498
38, 929
6, 458
63, 784
141, 708
76, 224
16, 312
16, 654
14, 083
223, 688
110,579
187, 975
109, 971
255, 027
120, 286
182, 836
232, 181
356, 235
254, 146
194, 537
46, 769
short tons-_ 180,126
286, 695
do
196,351
275 685
218,808
286,148
221,540
324, 680
236,088
356, 836
241. 784
377, 896
242,513
367, 853
252, 501
318,782
243, 929
223,136
256, 674
224, 376
216,938
306, 264
141
75, 282
223
72, 049
174
74, 223
241
70, 143
182
72, 838
157
69, 874
110
73, 278
117
76, 671
42
84, 515
81
87, 324
158.4
98.4
60.0
156.6
96.4
60.2
143.0
83.2
59.8
121.4
70.8
50.6
119.6
64.5
55.1
130.3
70.3
60.0
130. 7
71.3
59.4
149.2
84.6
64.6
163.6
98.5
65.1
369
3,876
399
3,815
483
3,899
408
3,834
412
3,810
389
3, 846
366
3,811
437
3,810
4,086
8,690
238
4,187
8,877
247
4,706
9,519
243
4,096
8,857
106
4,914
8,380
216
3,895
7,724
217
3,689
8, 257
232
46, 522
69, 210
28, 368
98, 766
32, 200
49, 988
75, 829
31,051
98, 924
33, 167
51, 754
78, 938
34, 146
105, 653
33, 197
48, 519
73, 625
29. 366
100, 470
25, 541
47, 31 8
77, 851
28, 538
103, 701
27, 559
47, 321
76, 715
28, 529
102, 179
30, 119
11, 428
11,394
103, 097
25, 748
12, 419
11,053
104,616
27, 750
12, 878
12, 804
109, 338
25, 735
12,362
11, 777
110, 802
24, 917
12,123
13,752
112, 6(>C
25, 642
11,652
14,155
113,006
26, 452
Imports, total 9
Nitrogenous materials total 9
Nitrate of soda
Phosphate materials
Potash materials
do
do
do
do
_ _ _ do
-
Potash deliveries
do
Superphosphate and other phosphatic fertilizers (100%
Production
Stocks end of month
r
172, 910
367, 655
191,738
372, 608
50
87, 071
69
76, 781
128
94, 301
173.7
105.7
68.0
181.8
109. 6
72.2
'156. 4
'60.2
167.1
102.4
64.7
424
3,766
420
3,720
394
3,695
420
3,734
454
3,719
4,743
9,611
249
3,442
7,467
4, 167
7, 494
245
4,643
8, 055
3,781
6,854
48, 810
73, 549
29, 110
101, 255
31,268
51, 520
79, 436
31, 576
108, 263
35, 224
43, 140
72, 840
30, 903
98, 122
33, 003
43, 713
73, 536
29. 540
97, 877
32, 297
43, 752
74, 407
28, 435
93, 688
34, 126
31,107
72, 308
18, 126
83, 735
27, 666
10, 274
14, 460
105 663
29, 572
12, 246
16, 435
114, 566
31, 232
11, 366
16, 034
114,019
31,404
11, 596
15, 359
120, 159
30, 238
11, 460
13, 861
102, 264
31,314
9,916
10,232
103, 695
26, 377
r
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
_
thous. of Ib TTigh explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. of dol
Trade products
do
Industrial
finishes
do
Sulfur (native):
Production
thous. of Ion? tons_Stocks (producers') end of month
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
..
. _ thous. of lb_Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes _
_ do _ . _
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkvd resins
- - -- -
do
do
do
do
do
Ro^-in modifications
_ .
do_
Polyester resins
- - do__
Polyethylene resins
-_
- - do
Miscellaneous (incl. protective coatings) c?
do
r 96. 2
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total $
mil. of kw.-hr__
Electric utilities, total
_
_
_ do
By waterpower
_
69, 562
63. 084
52, 127
10,957
64, 846
58, 585
4« 321
10, 264
65, 499
59, 032
47 529
11.503
65, 275
58, 433
46 764
11,668
70, 539
63,111
50 427
12, 683
71, 532
64 021
51 007
13,014
67, 622
60 330
47 807
12 523
72,110
64, 301
51 019
13, 289
66, 220
58 717
45 478
13 239
67, 982
60 344
47 3Q8
13 036
69, 304
61 920
49 474
12 447
70,
63
r
il
11
694
528
636
893
74, 613
51, 263
11, 821
47, 979
10, 605
48, 359
10, 673
47, 889
10,544
51,850
11,261
52, 346
11 675
49 057
11 273
52, 047
12 254
47, 851
10 867
48. 932
11 412
50, 763
11 157
51, 614
11 914
55, 178
12 078
6,478
6, 261
217
6, 261
6, 017
245
6, 467
6, 170
297
6, 842
6, 550
292
7,428
7. 100
328
7,511
7,173
338
7 292
6,958
333
7,809
7, 461
348
7 503
7,158
345
7 638
7 281
354
7 384
7 060
394
7 166
6, 897
269
7 358
7 109
249
do
53, 658
54, 007
52, 104
51, 603
54, 656
56 202
55,417
55, 965
do_
do
10,611
25, 297
10, 687
25, 283
9, 8JO
25, 237
9,244
24, 960
9,432
26 154
9 055
26, 553
8. 843
26 503
363
14, 190
1,499
446
1,193
59
364
14, 581
1,343
478
1,211
60
380
13, 916
978
524
1,208
51
401
14. 314
875
561
1, 205
43
441
15 889
874
594
1,231
41
465
17 371
876
602
1 242
39
906.9
921.4
891.1
881. 5
916. 6
942.5
do _
Privately and municipally owned utilities-- do
Other producers (publicly owned)
- do
Industrial establishments, total
By fuels
_
_ _ _
By waterpower
__
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power.
Large light arid power
_ do
~ - do _ _
- - - do
Railways and railroads
do
Residential or domestic
_
__ do
Rural (distinct rural rates) _ _ _ _ _
..do Street and highway lighting
_ _ _ _ _ do _
Other public authorities
do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. of dol
54, 1 76
52, 830
54, 108
55, 321
8, 801
27 124
8 696
26 584
8, 782
26 781
9, 516
20 949
10,418
26 134
-130
16 936
821
548
1 293
49
46«
16 746
941
532
1 309
43
410
15 592
1 076
488
1 281
49
376
14 078
1 033
455
1 272
53
363
14 232
l' 185
436
1 343
61
344
15 157
1 440
468
1 292
68
939 7
929 5
908 8
891 9
915 7
936 8
1
1
55 138
12 117
GAS
Manufactured and mixed gas (quarterly) :J
Customers, end of quarter, total 9
thousands- _
Residential
do- _
Industrial and commercial
_ __
_ _ do
Sales to consumers, total 9
Residential
_
- __
Industrial and commercial
r
r
2, 738
2, 555
*• 182
r
mil. of therms
_ ___ _ _ _ do __
do
Revenue from sales to consumers, total 9
mil. of doL_
Residential
_
do
Industrial and commercial
do
T
r 2, 522
T
2, 356
r
165
r
r
286
164
r 117
r
43 0
30 6
* 12.1
572
407
r 161
r
75 3
r 58 0
' 16. 9
2, 509
2,341
166
2,161
2, 020
139
941
732
202
504
341
148
116 8
94 0
22.3
64 3
48 8
15.0
r
l
Revised.
*> Preliminary.
Data beginning March 1960 are not comparable with those for earlier periods because of reclassification of some companies from small to large.
§States represented are: North Carolina, South Carolina, Georgia, Florida. Alabama, Tennessee, Arkansas. Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1959—July-September, 69; October-December, 73; 1960—January-March, 222; April-June, 591.
^Includes data not shown separately.
f Revisions for January 1958-April 1959 will be shown later.
cfData prior to 1959 exclude protective coatings.
tElectric-power production
revisions for 1958 appear on p. 20 of the January 1960 SUKVEY. Manufactured and mixed gas revisions for 1st and 2d quarters of 1958 and 1959 wiU be shown later.
SURVEY OF CURRENT BUSINESS
S-26
October 1060
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
July
Tune
August
September
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) : 9
Customers end of quarter, total
Residential
Industrial and commercial
Sales to consumers, total
Residential
Industrial and commercial
thousands. _
do
do _ _
'r 30, 036
27 588
r
2, 412
30, 306
27 847
2, 425
30, 459
28 051
2,374
r
f r22, 082
7 320
r
13, 583
30, 118
13 986
14,918
21,054
6 550
13, 570
l,r 257.9
695 1
r 525 7
1, 918. 4
1 224.4
653 8
1,214.2
661. 3
523 0
15, 707
2, 298
' 12, 517
mil. of therms. _
do
_ do _.
Revenue from sales to consumers, total
Residential
Industrial and commercial
"•r 28, 973
26 709
r 2, 230
r
r
r
r
mil. of dol__
do
do
r
737. 1
295 7
415 5
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
8,689
Production
thous. of bbl__
8,602
Taxable withdrawals
do
10, 698
Stocks, end of month
.
do _ _
Distilled spirits (total):
15, 624
Production!
__ ._ _ thous. of tax gal_
Consumption, apparent, for beverage purposes©
thous. of wine gal-- 17, 197
15,085
Taxable withdrawals!
thous. of tax gal
881, 152
Stocks, end of month§
_ _ do
2, 750
Imports
_
thous. of proof gal_ _
Whisky:
7, 193
Production
thous. of tax gal__
7, 676
Taxable withdrawals
do
Stocks, end of month
_ _ _ _ do _ 777, 675
2, 449
Imports
thous of proof gal
Rectified spirits and wines, production, total c?
6, 755
thous. of proof gal-5,173
Whisky
_ .
_do
Wines and distilling materials:
Effervescent wines:
285
Production
thous. of wine gal204
Taxable withdrawals
do
2, 326
Stocks end of month
do
52
Imports
_
_
do __
Still wines:
6, 243
Production
do
10, 406
Taxable withdrawals
_
_ __ do _
117,477
Stocks end of month
do
690
Imports
do
21,677
Distilling materials produced at wineries
do
7,230
6, 977
10, 086
5,950
5, 970
9,714
6, 609
6, 775
9,091
6, 461
9,649
6, 325
5, 826
9,774
8,138
6,960
10,515
8,187
7. 435
10, 789
9,336
8.290
11,317
9, 860
9,129
11, 458
8,928
8,603
11,241
9,173
8,989
10, 887
29,214
39, 679
25, 994
22, 270
22, 224
24, 122
25, 893
22, 904
23, 844
22, 164
i 9, 126
10, 319
17, 408
15,946
879, 755
3,613
21,232
19, 440
879, 538
3, 959
21, 573
16,053
883, 354
4,010
27, 574
10, 749
891, 426
3,535
15,042
15, 900
11,470
907, 830
2, 225
19,534
14, 658
918,872
2,827
18.314
14,117
921,318
2, 629
19, 090
14, 121
928, 377
2, 936
19. 521
1'6, 719
14,718 i 7, 644
931,509 ^835,782
3, 044
2, 205
9 543
833, 699
2,820
9, 854
7,715
776, 868
3, 173
12, 149
10, 045
775, 401
3,568
12, 599
8, 661
775, 767
3,590
11,716
5,641
779, 443
3,118
785.378
1,752
15.630
5, 773
792, 083
1, 980
16,914
7,153
801,991
2,443
15, 097
6,874
804, 642
2,313
14, 787
6,363
810, 795
2, 569
12, 934
6,519
813, 720
2,718
6,874
5. 059
814, 039
1, 952
7,285
6, 642
812, 166
2,546
8,377
6,646
9,909
8,083
8,224
6,543
5, 741
4,390
5, 236
3, 853
5, 835
4, 507
6,977
5,472
6, 552
4,990
6,842
5,247
7,373
5, 601
5, 556
4, 382
6 594
5, 064
229
275
2,296
96
251
357
2,154
102
248
432
1,949
108
334
431
1,814
140
372
217
1, 947
47
369
174
2,122
48
437
224
2,317
63
398
242
2, 452
75
375
289
2,520
79
507
284
2,712
71
217
144
2, 774
51
216
222
2,770
38
57, 452
12,287
167, 740
981
122,953
74, 543
13, 269
229, 309
782
144, 090
12,702
13,731
226, 273
912
25, 110
4,175
13, 946
209, 747
1,128
7,254
2, 834
2. 195
11 552
189,418
576
3,105
2, 746
15,030
178, 536
837
2,301
1, 854
12, 460
164, 495
777
1, 577
1, 846
11.929
155, 882
884
1,779
2,067
12, 039
142, 603
800
4,789
83, 362
93,012
.637
92, 224
67, 286
.633
91, 360
46, 690
.647
108, 046
31, 050
.630
118,640
33, 992
.588
120, 110
42, 958
.588
131, 405
64, 865
.588
129, 740
86,148
.589
148, 705
119,117
.588
143,000
162, 731
.586
116,985
179, 861
.586
103, 798
69, 984
96, 878
61,085
88, 256
52, 575
98, 855
58, 557
100,690
61,500
103, 470
65, 850
121,410
78, 645
131,915
92, 775
156, 485
113, 925
157. 035
114, 030
135,255
97, 150
8, 115
8,063
10,261
5, 595
10, 630
89S, 260
2, 001
13, 945
5, 449
11,212
202, 453
603
4,280
r
r
1, 284
4, 466
9,044
11,464
132, 309 126, 459
586
717
2, 366
17, 967
DAIRY PRODUCTS
Butter, creamery:
Production (factory)}
thous. of Ib
91, 544
131, 988
Stocks, cold storage, end of month
do
.609
Price, wholesale, 92-score (New Y o r k ) _ _ _ d o l . per lb__
Cheese:
113,942
Production (factory) total}
thous of Ib
81, 394
American whole milk}
do
r
97, 990
169, 325
.598
136, 186
.618
120, 635
84, 135
375, 833 369, 862 349, 461 320,215 304, 084 283, 290 268, 227 261,835 275, 912 307, 523 345, 165 360, 107 r 358, 914 340, 462
Stocks, cold storage, end of month, total
do
334, 261 327, 126 308,105 281,033 265, 671 245, 755 231,719 228, 222 240, 950 267, 071 304,111 315, 728 >- 317, 946 300, 182
American, whole milk
do
4,494
4, 670
3,614
8,753
6,724
3, 430
5, 245
4,333
4,167
4,382
4,167
4,738
6, 576
Imports
do
Price, wholesale, American, single daisies (Chicago)
.392
.382
.392
.415
.415
.385
.388
.415
.415
.392
.401
.401
dol. per l b _ _
.430
.404
Condensed and evaporated milk:
Production, case goods: t
6,140
5, 132
4,463
6,225
6, 115
5, 000
4,477
4,924
5.880
5, 025
4, 363
Condensed (sweetened)
thous. of lb_
5. 860
6, 675
216. 557 185, 062 152,655 124, 176 136, 720 132, 900 136, 900 169, 300 202, 600 264, 000 245, 600 207, 200 203, 300
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
6,435
5, 666
6,447
4, 596
5, 412
5,467
4, 856
5, 517
5, 108
6,913
5,436
Condensed (sweetened)
thous. of lb_3,718
4.270
95, 644 112, 475 206, 758 261, 819 302, 101 364, 741
375,354 383, 959 325,095 279, 028 225, 092 178, 446 135,954
Evaporated (unsweetened)
do
Exports:
3. 664
2,194
3. 563
3,996
3,447
2, 997
2, 853
2,015
3, 370
3,246
4, 683
3,176
Condensed (sweetened)
do
3,902
8, 216
4,444
9,375
5, 918
5,840
5,927
10, 669
9, 259
11,491
14, 035
5,608
2,834
Evaporated (unsweetened)
do
6, 773
Price, manufacturers' average selling:
6.33
6.31
6.37
6.38
6.38
6.18
6.18
6.34
6.25
6.31
6.31
6.37
6.35
Evaporated (unsweetened)
dol. per case
Fluid milk:
12, 626
9,679
9. 862
12, 108
10, 862
9, 476
11,219
9,389
9, 471
9,498
8,894
Production on farms
mil. of lb__ 10, 243
11,313
10. 330
r 3, 239 r 3, 063 r 3, 546 r 3, 768 r 3, 829 * 4. 324 r 4, 473 r 5. 237 r 5, 082 r 4, 241
r 3, 526
3, 696
Utilization in manufactured dairy products}-__do
r 3, 192
r
3.82
4.49
4.11
4.27
4.36
4.62
4.57
3.80
4.19
4.38
4. 15
P 4.42
3.95
3.96
Price, wholesale, U.S. average}
dol. per 100 lb__
Dry milk:
Production:}
9, 900
9,300
9, 600
7,650
7,484
8.839
9,138
Dry whole milk
thous. of lb__
7,087
7 200
7, 700
9, 700
7, 637
8,450
110,955
Nonfat dry milk (human food)
do
99, 882 104,817 136, 056 150, 300 158,400 170, 200 185, 500 224, 600 211, 000 158, 350 121, 650
95, 769
Stocks, manufacturers', end of month:
6, 791
7,282
7,474
6, 846
6, 486
6, 068
6, 822
5.724
6, 853
6,772
5, 543
Dry whole milk
do
4,919
5, 343
114,672
96, 567 102, 204 105, 533 101, 646 112, 293 150, 528 158, 304 153,677 133, 083
86, 915
Nonfat dry milk (human food)
_ _ _
do
85, 356
98, 648
Exports:
2, 035
1,393
2, 525
2,787
4,446
3, 687
3,380
1,681
1,276
2,401
Dry whole milk. _
_ _ _ _ _
do __
2, 7S8
1, 694
2,997
19, 150
9,436
19, 128
5, 550
29, 524
7,470
5,312
Nonfat dry milk (human food)
do
30, 972 27, 786
21, 923
6,073
19, 402
17, 922
Price, manufacturers' average selling, nonfat dry
.138
.135
.134
.134
.135
.134
.137
.136
.135
.137
.137
milk (human food)
_ _ _ _ _ _ dol. p e r Ib _
. 136
.137
r
l
Revised.
v Preliminary.
See note "§".
9 Totals include data not shown separately. Revisions for 1952-58 for total sales and total r B venue (fc r 1st and 2d quarte rs of 1958 or other i ;cms; see botnote) are on p. 24 of the .
Vpril 1960
SURVEY. Revisions for 1st and 2d quarters of 1959 will be shown later.
§ Effective July I960, data exclude amounts classified as "spirits"; such amounts now inch ided with ethyl alec>hol (p. S--24) . Jun e 1960 dat a on comp arable ba sis (thous gal.): Pr oduction,
16,910; withdrawals, 9,962; stocks, 835,727.
O Alaska included beginning January ] 959.
cfData beginning July 1959 exclude production of wines and vermouth; for July 1 958-June 1959, such producti m totaled 43,600 ga 1.
JRevisions for the indicated items and for the periods specified are available upon request a s follows: Butter an d cheese ( :otal and Ymerican — Januar y 1957-Jurle 1959; condensed a nd evaporated milk — January 1958-June 1959; dry whole milk — January 1952-December 1955 and Janu ary 1958-.rune 1959 ; nonfat (Iry in ilk --January 1954-Jun 3 1959; flilid milk used in manufacturcd dairy products— January 1952- July 1959; fluid milk price— June 1958-February 1959.
SUEVEY OF CUEEENT BUSINESS
October I960
S-27
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
June
May
April
Ausust September
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
- thous. of bu__
Shipments carlot
No of carloads
Stocks, cold storage, end of month
thous. of bu__
184
307
331
14, 300
1,518
49, 791
1,526
44, 259
'121,787
2,300
33, 586
1,625
24, 065
1,767
16, 720
2,130
9,442
1, 666
4,248
1,425
1,166
426
316
Citrus fruits carlot shipments
_ No. of carloads. _
5,203
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
533, 934
Fruits
thous. of Ib
517, 051
Fruit iuices and purees
do
871, 747
Vegetables
do
Potatoes, white:
Production (crop estimate)- .
thous. of cwt_
6,942
Shipments carlot
_ No. of carloads.
Price, wholesale, U.S. No. 1 (New York)
dol. per 1001b__
3.635
4,243
3,491
4,602
9,431
7,464
6,600
6,978
7, 135
7,475
5, 569
521,708
446, 617
925, 030
512, 461
401, 760
930, 662
498, 016
356, 983
906, 970
9,488
10, 290
3.150
65, 228
r
r
119
167
r
4, 368
'13
!78
2107, 710
210
15,213
' 3, 334
2,696
r
464, 698
360, 091
844, 288
428, 838
478, 791
754, 780
376, 135
526, 652
670, 432
321, 639
496,016
612, 967
271,614
538, 952
586, 537
251, 775
648, 357
544, 864
316, 926
625, 198
563, 014
11,258
243, 281
12, 829
14, 763
13, 414
20, 593
14, 943
17, 704
18, 324
3.400
4.063
3.804
4.215
4.125
4. 975
6.642
6.750
4.760
* 3. 153
v 3. 840
63,717
59, 339
63, 992
71, 664
65, 919
74, 174
76, 707
89, 426
83, 136
72,649
66, 134
68, 721
32, 227
18.110
14, 977
14, 710
'420,191
11,379
15, 785
13, 229
13,065
10, 962
13,967
17, 057
13,616
36, 708
39, 474
40, 896
266, 882
11,821
38, 014
35, 738
35, 096
25, 918
40, 536 3 34, 926
8,317
9, 338
5,949
28, 657
* 56, 233
8,140
8,279
32, 054
8, 337
32, 146
120, 685
8, 459
32, 149
12, 573
37, 505
198, 429
7, 879
37, 253
14, 782
6, 007
5, 995
1.167
1.120
1.174
1. 094
1.172
1.108
1.174
1.112
1.159
1. 085
1. 170
1.114
1. 144
1.083
1.156
1. 075
1. 157
1.081
1.176
1.112
1.162
1.075
1.092
1.013
1. 125
1.026
13, 575
18, 452
14, 107
26, 839
11,901
55, 612
4, 361
11,812
31,974
12,492
21, 916
12,521
32, 448
12, 881
25, 977
12, 239
25,150
13,118
34, 267
13, 777
34, 517
12, 370
28, 441
13,712
34, 077
102,855
4331.3
15,835
107, 094
124, 633
129, 711
122, 242
16, 734
17, 882
18,016
110,718
1,334.7
19, 144
101, 637
13, 689
127,101
2,088.0
15, 047
125,934
23, 410
136, 123
3, 094. 4
26, 005
129, 388
12," 902
15, 960
20, 028
1.163
1.116
1.097
1.071
1.100
1.044
1 . 095
1.025
1.144
1.043
1.128
1.012
1.149
1.079
1.206
1.124
1.213
1. 145
1.200
1.152
1.194
1.135
1.184
1.110
18, 379
8,159
5,981
5,693
1,074
6,412
5,892
5, 712
6, 209
3,421
4,830
7, 672
10, 198
39, 112
29, 246
31,054
898, 338
2, 495
.686
26, 084
19, 028
16,029
15, 896
8,865
3,212
(5)
1,925
(5)
7, 675
<229 108
3,741
.750
9,818
1,923
.755
1 4, 366
426 5%
1,891
.773
11,309
3,487
.780
1
430, 862 496, 852
554,600 '453,229
634, 794 ••801,345
r
7, 679
r
512,931
409, 229
921,950
2
253,209
6,926
2
414,922
19, 794
5, 120
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) t thous. of bu._
Barley:
Production (crop estimate)
Receipts 4 principal markets _
Stocks, domestic, end of month:
Commercial
_
On farms
_ - -_
Exports including maltt§
-Prices, wholesale (Minneapolis):
No 2 malting
No 3 straight
do. _ _
_ do __
- do __
_ _ do
- - --do __
-
_ dol. per bu
_ do_
Corn:
Production (crop estimate)
mil. o f b u _
Grindings, wet process©
thous. of bu__ 13,863
Receipts, interior primary markets
do
21, 592
Stocks, domestic, end of month:
Commerical
_ _ _ _ _ _ _ _ _ _ _ d o _ 101, 876
On farms
mil. o f b u _ _
Exports, including meal and flour t
thous. of bu_- 15,094
Prices, wholesale:
No. 3, yellow (Chicago)-.
dol. per bu_.
1.272
Weighted average, 5 markets, all grades
do —
1.203
Oats:
Production (crop estimate) ._ _ _ _ _ _ m i l . o f b u _
Receipts, interior primary markets
thous. of bu__
Stocks, domestic, end of month:
Commercial
do __
On farms ..
do
Exports, including oatmeal t
_
_ _ d o __
Price, wholesale, No. 3, white (Chicago) __dol. per bu__
1
1
4,845
.704
4,202
.740
Rice:
Production (crop estimate)
thous. of bags 9California mills:
29, 510 185, 610
Receipts, domestic, rough
thous. of lb_
48, 000
37, 521
75, 389
Shipments from mills, milled rice
do
42, 687
Stocks, rough and cleaned (cleaned basis), end
26, 875
72, 678
of mon th
thous. of lb_ . 45, 664
Southern States mills (Ark., La,, Tenn., Tex.):
Receipts, rough, from producers
do
250, 976 1,168,507 1,144,978
150,912 219,857 237, 604
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
89J . 1 1,401.0
365. 8
basis), end of month
mil. of Ib
90, 401 203,115
Exportst
thous. of lb_- 204, 780
.081
.081
.089
Price, wholesale, head, clean (N.O.)
dol. per lb_
Rye:
Production (crop estimate) _ _ _ _ _ _ thous. o f bu_Receipts, interior primary markets. _
_ _ do_ __
Stocks, commercial, domestic, end of month. _ ^ d o
Price, wholesale, No. 2 (Minneapolis) __dol. perbu__
Wheat:
Production (crop estimate), total
Spring wheat
Winter w h e a t _ _ _
Receipts, interior primary markets
Disappearance (quarterly total)
Stocks, end of month:
Canada (Canadian wheat)
4,017
7,613
1.261
do
1,441
8,702
1,256
flourj—
do
do
84, 303
56, 289
101,502
87, 247
111,974
75, 847
79, 968
51,687
113, 300
108, 707
73,218
51, 209
62.212
46, 938
207, 057
100, 423
98, 679
75, 423
95, 151
125,320
109,295
118,155
217, 375
117,767
221, 461
158, 260
264, 019
74,410
203, 612
66, 678
217, 531
64, 075
201, 045
1,363.7
113,241
.081
1,274.3
96. 800
.083
1.177.2
177, 568
.083
1, 060. 8
190, 493
.083
791.3
176, 432
.083
658.9
169, 367
.083
547. 4
174,149
.083
421.1
167, 725
.083
246. 3
130, 24 6
.081
208. 6
42, 918
p. 078
287
6,424
1.213
298
5, 810
1.178
361
4, 859
1. 157
641
4,458
1. 159
969
3,811
1.167
2, 068
4,284
1.150
3,338
5,839
1.083
2 31 084
4, 832
10, 989
1. 068
i 21, 495
583
7 792
l! 214
1,128.
2
1
204. 7
1
923. 4
18, 773
257,716
384, 031
369, 722
369, 701
382, 691
522, 243
1,877.8
485, 656 ~ 5027 137
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu._
No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do
r
Revised.
» Preliminary.
1 December 1 estimjite
23, 101
18, 550
24,317
316, 163
18, 745
18,478
30. 957
252 953
103, 697
87, 874
380, 402
372, 908
364, 674
373, 173
009 *7F.n
408, 375
446, 834
441, 737
487,084
4
1, 563.8
1,313.1
458, 349 ~478~427~ "460," 916" 4 411,976
561.822
603, 719
40, 973
37,411
38, 479
34, 513
989, 448
331, 742
26, 261
21,818
35, 497
26, 940
.653
4
836,734
206,161
39, 953
33, 5C2
46, 091
39, 978
51 , 230
43, 035
62, 283
54, 865
53, 363
69, 890
32, 566
110,022
165, 228
_ _ 398, 930
29, 400
25, 527
88, 282
82, 234
77, 295
25, 076
33,099
27,627
4, 065
. 680
125,320
57, 596
75, 145
81,240
3 9, 150
1.106
21,368.2
2 251. 6
21,116.6
740,548
4 97, 306
53, 947
48, 992
2.241
2.243
2.293
2.299
2. 246
2. 245
2.242
2. 258
2. 256
2.269
2.013
1.993
2.048
2.058
2.081
2,072
2. 100
2.123
2. 103
2.008
1.881
1. 867
1.858
2.048
1.998
1.979
2. 106
2. 092
(5)
2. 037
2.246
2.248
2.281
2.241
2.280
2.237
2.248
2.261
2. 259
2.233
2
of 1959 crop.
3 ]Effective Septembe r 1960, for 31 marke ts
October 1 estimate} of 1960 ci op.
41, 304
36, 802
2. 285
2. 287
2. 120
2. 146
1.953
1.892
1. 937
1.982
1. 825
1.784
1.817
1.852
2.] 74
2.023
2.113
2. 130
(nrior t hereto, foi 45 markr ts).
.ii^cuvi K-pL-iL-unt liJuisLUif MUMS, pnur uieit'iu, uii oasis oi varying moisture content (jrom rz to 25 percent).
? Bags of 100 Ib
dJThe total includes wheat owned by 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-Uata for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports. '
1, 178
33, 109 331,473
111,624
51, 671
25, 251
29,917
25, 634
2,188
.734
288, 156
204, 494
1,177
7, 535
1.253
1.165
1.037
2
51, 258
540," 605
102,313 3 94, 960
i 53, 122
78, 034
46, 481
2 4 25Q
13, 080
2
40, 170
290,514
United States, domestic, totald*
mil. of bu__
2,133.6
Commercial (at terminal cities)t__^thous. of b u _ _ ~556~360~ 526,717
Interior mills (incl. merchant), elevators, and
warehouses.
thous. of bu_.
1,074,638
On farms
do
455, 257
Exports, total, including
Wheat onlyi
821
8,336
1.264
17, 824
699, 481
1.241
.796
5, 546
. 792
1
mil. ofbu_
do
_do
thous. of bu_.
do
1 192
1.012
SURVEY OF CURRENT BUSINESS
S-2S
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1060
1959
1960
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
March
April
May
June
July
August September
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 Ib.)
Operations, percent of capacity
_- .
Offal
thous. of short tons
Grindings of wheat
thous of bu
Stocks hold by mills, end of quarter
thous. of sacks (100 Ib.)
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis) §
dol. per 100 Ib
Winter, hard, short patents (Kansas City) §. do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Cnlves
thous. of animals
Cattle
do
Receipts principal markets
do
Shipments feeder, to 9 corn-belt States
do
Prices, wholesale:
Peef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Cplves veolers (Natl Stockyards 111 )cf
do
Ho<?s:
Slaughter (federally inspected)
thous. of animals..
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb._
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog_.
Sheep and lambs:
Slaughter (federally inspected)
thous of animals
Receipts principal markets
do
Shipment^ feeder to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb__
Lambs feeder, good and choice (Omaha) _ _ .do _.
MEATS
Total meats:
Production (carcass weight, leaf lard out) , inspected
slaughter
mil. of Ib
Stocks (excluding lard), cold storage, end of month
mil. of l b _ _
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 Ths.) (New York)
dol. per Ib
Lamb and mutton:
Production inspected slaughter
thous of Ib
Stocks cold s'orape end of month
do
Pork (including lard), production, inspected slaughter
mil. of l b _ _
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
20,512
88.1
390
46 870
21,370
91. 5
409
48 942
22 411
91.6
427
51 148
21 671
97. 5
409
49 503
21,630
88.4
413
49 529
21,884
98.3
414
50 060
20 396
87.0
387
46 632
22, 137
85.7
422
50 612
19 350
82 2
369
44 271
19 042
80.9
359
43 473
20 184
82.1
384
46 127
19, 253
86.1
368
44 101
2? 009
85.6
419
50 3S7
1, 862
4,757
2 379
1 684
1 932
4,847
3 721
2 805
2 658
4, 402
3 563
3 225
2 155
4,165
1,957
r 1, 548
1,724
5. 550
5.070
5. 500
5.100
5 540
5. 165
5 560
5. 1 65
5. 460
5. 150
i 5. 228
i 4. 850
i 5 238
M. 817
5. 435
5. 050
'5. 365
i 5. 050
359
1,450
1 855
444
415
1 539
2 197
862
471
1 586
2 401
1, 143
438
1 462
2 243
1,016
456
1, 552
1 815
544
413
1, 564
1 731
2
378
389
1 437
12 568
270
482
1 577
12 703
309
394
1 412
12 569
295
378
1 606
1 827
2352
397
1,692
1 741
2301
374
1, 592
1 599
2 249
450
1 787
1 9()9
2 3S8
27.36
25. 96
30.00
27.48
25.38
29 50
27. 06
24.41
29 00
26. 31
23.34
29 50
25. 26
22. 51
30 00
26.10
23. 31
33 00
26. 37
23. 80
33 00
27.40
25. 1 4
33 00
27. 13
25. 4(5
9g 5Q
26. 75
25. 38
29 00
25. 58
23. 50
26 00
25. 30
21.81
25 50
24. 75
21. 23
24 50
4,977
2, 539
5, 767
2,881
6. 646
3,216
6,337
3, 299
6, 968
5,462
6,516
3,167
5, 841
2 744
6,116
2,782
5,571
2 578
5,483
2,672
5, 086
2, 465
4, 304
2,061
5, 203
2, 460
13.56
13.20
12.60
12.19
11.19
12.08
13. 15
15.19
15.68
15.57
16. 11
16.57
16.14
16.07
12.2
12.2
12.7
12.3
11.8
12.4
13.1
15.1
14.8
14.4
14.8
15.2
15.3
14.7
1,010
1, 061
431
1,177
1,474
560
1 200
1, 527
532
1 070
1 , 089
250
1, 182
1,002
141
1,237
1, 031
160
1 076
870
160
1,088
858
159
1 054
902
148
1 110
1,086
258
1,137
881
205
1, 113
875
190
1 2(0
1, 165
474
22.00
19.50
20. 62
19.08
19.75
18.80
18.50
18.13
17.75
17.10
19. 50
17. 70
20.62
19.18
22. 25
20.35
21.25
21.20
21.25
20.88
21. 50
19.61
20. 25
17.95
IS. 25
17.21
1,840
2,038
2,238
2,128
2,322
2,238
1,995
2,144
1, 959
2,071
2, 054
1,834
2,097
432
75
88
408
94
108
421
102
66
477
109
54
544
68
81
597
99
64
617
82
56
594
88
53
641
94
71
634
80
57
591
89
67
532
69
77
M61
88
94
902. 7
170,816
2, 159
70,218
962 3
178,606
2, 729
88,618
991 . 5
170, 689
3, 379
48, 452
913.4
186, 134
3, 1 1 7
37, 805
986. 0
212,069
2, 560
59, 387
999. 3
204, 302
2, 494
39, 345
912.3
193, 840
2 158
33, 232
1,000.3
173, 574
2, 201
32, 887
887.7
166, 041
2, 640
45, 933
1,004 8
156, 143
2, 062
36. 220
1
5 293
i 4. 933
1
5 343
i 4. 933
1
5. 455
!5.C33
1
1
1
1
5. 250
4. 980
24.62
20. 91
16. 50
17.34
398
1 , 044. 7
976 f> 1 0(U 6
153, 078 '153,322 ' 160, 876 171, 382
2, 142
1,770
2 596
43, 044
51,718
70, 735
.461
.473
.461
.454
. 449
. 456
. 4^1
.476
.474
.473
. 451
.441
.433
.425
45, 719
14, 605
54 344
13, 736
55 886
12 300
50 800
12, 624
57 r ) r °
14, 794
61, 755
14, 046
54 256
12, 203
54, 830
11, 188
52, 430
10, 921
53, 333
9, 943
52, 067
11,654
49, 974
13, 178
56 53 •>
13, 434
12, 824
892. 0
1, 021. 6
1,190.2
1,163.4
1, 278. 9 1,177.0
1,028.7
1 , 088. 7
1,018.9
1,012.9
957.3
807.8
670 330
183, 745
6, 825
11,885
773 253
163.447
6, 546
12, 101
902 803
184, 825
6, 896
11,858
876,741
223, 830
954 721
264, 280
4, Of >8
13, 484
88' \ 766
3-11,537
4. 849
15,057
788 091
342, 574
5, 515
14, 246
81 9, 880
337, 921
7, 828
11,832
773 67g
383, 291
7, 078
15, 448
766 768
386, 291
5, 948
14, 646
716 454
351, 127
3, 583
17, 329
607 007
294, 242
3, 00f>
15, 584
.450
. 440
.454
.480
.439
.460
. 450
.411
.451
. 375
.430
. 390
.478
. 455
.476
.429
.492
. 453
.484
. 492
.469
. 508
P 4P8
.485
161 921
100, 300
39, 535
. 108
181 780
93, 000
57, 279
118
210 0?-1
80-400
67, 845
114
208, 587
92 100
70, 722
115
238 203
123,700
36, 585
108
211 742
135, TOO
68, 800
105
JSfi 299
144, 800
55, 506
113
179 103
136, 000
56,154
.123
180 153
149, 800
49, 825
120
175 670
136, 400
62, 721
123
146 486
128. 900
42, 940
133
169 79<)
112, 700
51, 186
P ]41
526
631
POULTRY AND EGGS
Poultry:
545
Slaughter (commercial production)
mil of Ib
Stocks, cold storage (frozen), end of month
thous. of lb__ 226, 474
87, 115
Turkeys
do
Price, in Georgia producing area, live broilers
.148
dol. per lb__
Eggs:
« r !3.3
Production on farms
mil of cases 9
Stocks, cold storage, end of month:
739
Shell. _ _ _ _ _
_
_thous. o f cases
Erozen
thous. of lb__ 149, 086
Price, wholesale, extras, large (delivered; Chicago)
.312
dol. per doz._
7, 979
11,875
.441
. 406
176 082
146, 800
50 200
108
r
949. 0
r
715 652
220. 66,5
4, 278
13, 227
600
699
604
456
409
372
403
413
490
506
277, 086
133, 501
384,611
220, 370
352, 826
183, 329
316.686
149, 176
299, 709
142, 296
261, 493
123, 954
220, 381
105, 208
184,704
87, 277
159, 218
74, 306
149, 832
66,717
.140
.168
.162
. 172
.177
.171
.171
.171
.172
.156
13. 3
'•14.4
14.8
14. 1
15.4
15.3
15.8
14.4
13 9
13 2
.147
.144
' 12.8
r 13.4
554
134, 786
469
119, 355
297
96, 175
188
78, 678
304
75, 275
345
78, 089
181
81,431
299
90, 104
753
121, 768
1,110
157, 040
.407
.342
.307
.289
.259
.267
.345
.363
.328
.297
r
152, 737 <"201 111
70, 891 '•112,517
1,029
-746
166, 387 -158,094
.321
. 367
154, 035
.520
288, 831
182, 665
.153
481
139, 698
.458
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
14, 411
22, 792
32, 854
31, 394
20, 093
18,614
14, 388
12,710
30, 392
8,048
20, 129
17,997
18, 678
Imports (incl. shells)
long tons.
.298
.288
.303
.290
.330
.309
.284
.285
.290
. 383
.358
.271
.282
.370
Price, wholesale, Accra (New York)
dol. per lb._
T
Revised.
* Preliminary.
i Beginning 1960, Minneapolis
prices
cover
standard
patent
and
Kansas
City
prices,
95
percent
patent.
January
1960
prices
comparable
with
December
2
1959: $5.500 (Minneapolis) and $5.145 (Kansas City).
Beginning 1960, for 8 States (Wisconsin excluded); January 1960 figure for cattle and calves, 9 States, 382 thous.
§ Quotations
are for 100 pounds in bulk; prior to 1959, for 100-pound sacks.
d* Chicago prices through 1958 (January 1959 price at Chicago, $33.00).
9 Cases of 30 dozen.
« Revisions for March-July 1960 (mil. cases): 16.6; 16.2; 16.0; 14.4; 13.8.
SURVEY OF CUEEENT BUSINESS
October 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-29
1959
1960
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
March
April
May
July
June
August
September
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
quarter
thous. of bagscf
Boastings (green weight), quarterly total
do __
Imports
do
From Brazil
do_- Price, wholesale, Santos, No. 4 (New York)
dol. per lb__
Confectionery manufacturers' sales f
thous. of dol
2,163
1.275
3 271
5,204
3 044
1, 615
1 472
738
1 621
601
3 370
5,678
2 369
1, 105
1 232
392
2,147
796
2 857
5,833
2 018
780
1 642
758
1 816
748
.365
73, 000
.360
131 000
.353
126, 000
.373
121, 000
.361
108 000
.366
101 699
.370
105 495
.370
104 892
.371
87 295
.373
72, 909
240,248
237, 586
242, 153
232, 009
209, 489
180, 452
142, 880
133, 765
2,247
1,962
1,780
1,477
1,419
2,575
3,921
4,302
132, 639
807 704
243 097
627, 591
275 623
159, 200
849, 769
251, 474
155, 091
663 671
142 610
78 107
273, 431
605 046
30, 808
919, 941 1 006 135 658 754
909, 235 992 427 652, 252
6,502
10, 706
13 708
617,143
612, 329
4,814
785 651
782 047
3 604
Fish:
Stocks, cold storage, end of month . __thous. of lb_ 230, 052
Sugar:
Cuban stocks, raw, end of month
2,821
thous. of Spanish tons_.
United States:
Deliveries and supply (raw basis):
Production and receipts:
79, 589
Production
_ short tons_
618, 316
Entries from oflf-shore, total 9
do
181, 940
Hawaii and Puerto Rico
do _
Deliveries total
do
For domestic consumption
_ _ do_
For export and livestock feed _ ___ 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
From Cuba
Prices (New York):
Raw wholesale
__
Refined:
Retail§
Wholesale (excl excise tax)
Tea imports
_
---
do
do
r
2,931
5, 205
1,903
1,002
1 648
805
2 032
1 057
.375
76, 111
.369
60 936
.364
193, 461
207, 479
146, 579 "•165, 822
f
3,204
2,910
84, 706
506 582
81 730
47, 042
45, 267
53, 963 63, 640
573 532 1 029 544 883, 079 1,053,226
149, 826 232, 758 166, 150 402, 635
29 414
66 742
51, 008
548 507
545 400
3,107
617 094
612, 325
4,769
779 790
772 817
6.973
705 390
699 916
5 474
785 680
780, 032
5,648
3,996
296 251
250 283
976 291 1 071 969
968, 753 1 061,206
10, 763
7,538
1,078
399
954
336
1,247
684
1,811
490
2 005
713
2,082
498
2,076
1 053
1,951
485
1, 954
243
2,023
331
r 1, 716
297
1,396
414
425
414, 243
278, 112
125, 158
440, 431
284 275
130, 500
194, 273
119 022
67, 463
157,050
115 442
3,360
238 722
177 891
9 520
279, 761
169 8P>9
79, 063
354, 404
215 408
95, 973
427, 432
331 385
96, 047
415 529
317 287
89 694
484, 072
394 371
75, 824
411, 892
282, 570
120, 082
393, 494
211, 464
160, 409
327 623
3 280
192 515
23, 212
5,099
16 203
4 839
13 830
9,085
7 921
1,240
4 499
1 530
35 018
25, 900
43 880
37, 879
49 404
40, 910
45 457
42 595
60 451
47 415
48, 632
43, 959
56 170
42 434
26 799
3 750
dol. per Ib
.063
065
.066
.064
062
.059
.060
.061
062
.061
.061
.066
064
dol. per 5 Ib
dol per Ib
thous. of Ib
.550
.086
8,228
.556
086
7 264
.557
.088
9,130
.549
.088
8, 131
.549
088
11 042
.545
.086
9,644
.543
086
11,416
.542
.085
11, 593
.540
085
9 536
.541
085
10, 588
.541
.085
9,940
.541
087
8 584
565
P 090
9 132
Baking or frying fats (incl. shortening):*
Production
mil. of Ib
Stocks (producers 'and warehouse), end of month
mil. of lb__
Salad or cooking oils:*
Production
- do
Stocks (producers' and warehouse), end of month
mil. of lb__
Margarine:
Production
__
__
_
do
Stocks (producers' and warehouse), end of month
mil o f l b
Price, wholesale (colored; delivered; eastern U.S.)
dol. per Ib _
.369
186.8
186 9
200.0
201.9
185 9
190.2
196 8
194.0
185 7
193 8
206.8
151 8
218 1
114.6
lOfi. 1
111.0
110.9
116.0
110.5
114.9
123.0
118.7
115.9
126.2
109.1
108.3
147.6
128 8
120.3
124.4
130 1
129.4
147.8
154. 3
136 4
156.8
164. 1
145.7
164 9
40.3
40.9
41.7
47.0
54.1
60.0
57.7
56.5
54.3
56.2
49.7
••50.6
48.6
118.9
130.9
146.1
143.5
163 8
158.5
143.5
150.4
139 6
123.7
132. 6
120. 1
135 2
34.3
30 2
32.6
30.4
34 0
36 7
38 1
38 7
39 1
32 8
39 9
35 2
33 5
.253
.253
.253
.238
.238
.238
.238
.238
.238
.238
.238
.238
v 238
27.0
26.8
22.6
20.8
23. 2
22.0
27.0
23.4
25 4
18.2
28 2
21.5
29 7
23.6
26 1
23.2
24 5
23 0
28 8
26.3
27 0
24.6
24 5
21.7
30 0
28 2
066
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil. o f l b
Consumption (factory )1
- do_ _
Stocks (factory and warehouse), end of month
do
Tallow and grease (except wool), inedible :t
Production (quantities rendered)
do _ _
Consumption (factory)^
- - do
Stocks (factory and warehouse) , end of month
do_ Fish and marine mammal oils:J
Production
.
do
Consumption (factory) O
do
Stocks (factory and warehouse) , end of month©
mil. of Ib
Vegetable oils and related products:
Vegetable oils (total crude and refined) :
Exports
_ __
do__ Imports
__
do
Coconut oil:
Production:
Crude
_
_
do
Refined©
do
Consumption in end products _ _
do _
Stocks, crude and refined (factory and warehouse),
end of month
mil. oflb
Imports
_ __
do
Corn oil:*
Production:
Crude
do
Refined0
do
Consumption in end products _
do Stocks, crude and refined (factory and warehouse),
end of month...
mil. oflb_.
23.9
21.5
19.2
19.2
23.2
27.2
28.5
27.4
24 1
23.1
22.5
23.0
23 8
235. 5
145.3
240.6
153.2
268.2
153.3
253. 1
137.0
264.4
140 2
264. 3
148.2
252.9
141.2
258.4
161. 6
237.6
150 9
253.7
153 9
255. 4
167.0
233.9
117 3
255 0
161 4
322.8
327.0
333.1
326.6
325.3
324.8
346.1
333.8
323 1
291.9
282.5
301 1
307 9
32.4
6.0
17.5
6.0
15.6
6.1
8.5
9.5
23
10 4
.3
63
.4
8 4
.2
9 2
21
72
14 2
80
35 1
9 0
125. 6
136.2
130.9
147.2
131 9
103.7
88.0
89.5
82 7
87 4
169.0
39.1
164.6
47.9
108.4
44 2
117.2
42.1
87.3
44 3
109.8
33 4
144.9
33 1
106.5
44 5
164 3
52 1
42.4
34.3
53.6
38 1
30 8
46.4
43.9
31.0
47.3
44.3
29.4
47.7
34 7
28 4
49.2
33 6
27 1
46.9
30 3
30 3
47.4
39 6
33 6
53.6
43 6
35 1
52 8
44.6
14. 1
43.7
17ol
51. 1
17.7
67.0
20.6
61.4
9.7
62.1
10.6
51.2
6.2
55.4
14.3
26 7
27. 8
29.4
25 8
28.1
29.8
27 3
23.6
20.8
25 0
27.2
25.2
26 3
25 3
29.1
26 7
24 6
25.9
27 4
25 0
27.8
28 6
30 5
27.7
1
315. 0
13 2
25 o
22 9
21 6
1
r
8 2
26 9
10 4
105 6
r91 9
88 3
165 4
39 0
229.3
57 0
122 5
42 6
241 6
37 0
43 7
38 8
57 9
39 0
35 9
55 9
44 7
27 5
35 7
47 9
36 8
54 7
315 4
12 3
29 0
21 1
22 4
1
40 0
r
306. 2
18 3
i 322 4
7 g
28 5
25 0
26 2
27 7
24 3
24 4
1
328 3
89
29 6
32 0
29 5
26.9
31.0
30.0
23.6
31.9
28.6
27.0
27.3
39.1
32.7
42.6
38.7
37.7
»• Revised.
*> Preliminary.
1 Beginning April 1960, data include Government Services Administration stocks and are not comparable with those for earlier periods.
cfBags of 132.276 Ib.
^Revisions for January 1956-March 1959 for confectionery will be shown later; those for January-November 1958 for fats and oils appear in Census report, "Fats
and Oils, 1958" (Series M28-1-08).
9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S-28.
^Consumption data exclude quantities used in refining.
0 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. ©Production of refined oils covers once-refined oils (alkali refined).
SUKVEY OF CUEEENT BUSINESS
S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1960
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August September
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonseed:}
Consumption (crushings). - thous. of short tons
Stocks (at oil mills") end of month
do
Cottonseed cake and meal }
Production
do
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crude}
mil. of Ib
Refined cf
_ _ _ _ _ do _ _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil. of Ib
Price wholesale (refined* drums' N Y ) dol per Ib
149.3
265.5
501.6
887. 5
778.0
1,937.5
70.1
87.8
227.1
97.0
360.0
110.8
50.3
51.2
75.7
163.6
103.7
87.8
166.1
U68
Flaxseed:
81.7
Consumption (crushings)
thous. of short tons
67.7
Stocks (at oil mills) end of month
do
3.28
Price, wholesale (No. 1; Minneapolis)- -dol. per bu__
Linseed oil:
58.9
Production crude (raw)
.mil. oflb__
38.8
Con^umption in end products}
do
Stocks, crude and refined (factory and warehouse) ,
105.0
end of month
mil. of Ib
.127
Price wholesale (Minneapolis)
dol per Ib
Soybeans:
888.8
Consumption fcrushings)
thous. of short tons
501.9
Stocks (at oil mills) end of month}
do
Soybean cake and meal:*}
1,
395. 4
Production
mil. oflb.
193.0
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
318.6
Crude
--- do_ __
283.1
Refined cf
do
268.5
Consumption in end products}
do
Stocks, crude and refined (factory and warehouse),
386.6
end of month
mil. of Ib
U35
Price wholesale (refined; N Y.)
dol. per Ib TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
Exports including scrap and stems _ thous. of Ib . 38, 865
13, 324
Imports Including scrap and stems
do
Manufactured products:
Production manufactured tobacco, total
_ do -- 14, 701
5,484
Chewing plug and twist
do
6, 255
Smoking
do 2,963
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
3,003
Tax-free
millions- 40, 926
Tax-paid
- do 529, 159
Cigars (large), tax-paid _ _. _
- thousands
Manufactured tobacco and snuff, tax-paid
thous. of lb_- 14, 502
2,042
Exports cigarettes
millions-
723.3
656.1
2, 609. 0 2, 441. 2
632.7
1, 945. 4
576.6
1, 443. 7
528.3
953.4
373. 7
596.0
252.4
357.3
176.6
191.1
142.7
104.8
139.8
205.0
336.7
113.1
303.4
110.4
289.9
131.6
267. 5
149.5
246.7
140.8
175.8
188.9
116.9
204.5
83 0
202 8
70.0
189.9
68.6
157.7
261.7
143.1
98.5
243.1
153.3
101.4
220.5
160.0
98.7
212.2
151. 1
96.8
196.9
150.9
100.6
181.3
159.6
102.6
130.9
136.2
96.8
86.7
106. 6
103.7
62.6
81.3
103.8
51.3
46.9
R6.9
48.8
55.9
107.6
203.4
.156
311.6
.148
389.4
.143
462.8
.140
473.9
.146
477.0
.144
520.3
.145
495.7
.151
446.9
.156
357.6
.155
' 286. 2
.151
203.6
v .152
83.0
93.4
3.42
84.7
98.4
3.68
48.5
82.3
3.85
49.9
95.8
3.58
51.8
77.1
3.50
46.3
64.2
3.35
45.6
54.4
3.28
40.5
27.8
3.36
30.4
20.0
3.43
32.9
21 7
3.19
21.9
33.0
3.01
31.9
30.7
3.11
59.0
33.0
60.2
30.5
34.8
23.8
35.6
23.3
37.2
25.0
32.9
26.7
32.5
27.7
29.5
30.1
21.7
34.0
23.8
35 0
15.8
32.4
21.7
34.7
121.6
.133
134.7
.139
142.8
.145
149.7
.143
163.8
.140
163.3
.139
161.2
.135
151.2
.131
123.9
.132
89.5
.132
74.6
.129
61.2
p .132
823.8
750. 5
1, 060. 2
2, 367. 8
1,081.6
3,202. 8
1,013.7
3, 029. 0
1,016.8
2, 770. 0
919.9
2, 437. 5
1, 039. 8
1, 922. 6
992.8
1, 620. 2
995. 9
1,405.4
939 8
1,291.5
941.3
1, 016. 3
962.0
597.0
1, 270. 6
108.2
1, 618. 4
145.2
1,653.6
153.0
1, 553. 6 1, 549. 8
126.6
190.4
1, 394. 6
188.0
1, 562. 2
171.8
1, 507. 6
247.8
1,513.6
269.8
1,443.2
225 4
1, 441. 6
251.0
1, 484. 0
182.0
296.9
236.8
258.9
391.2
272.9
266.6
392.6
265.4
253.0
369.2
290.0
271.6
370.5
287.9
274.8
335.4
287.7
270.5
379.4
291.4
287.9
366.4
273.2
264.6
365.9
280.9
275.2
348.6
303.7
303.6
350.0
238. 5
245.5
358.5
306.7
307.8
298.3
.133
321.4
.128
422.7
.119
507.4
.117
551.3
.119
541.2
.115
585.8
.117
595. 9
.121
564.5
.125
422.6
.128
r
450.5
.131
314.0
P .138
14, 360
12, 734
23, 437
13. 062
4 355
29, 574
14, 783
16, 178
6,103
6,592
3, 483
2
3 1 935
1 , 797
49, 748
12, 719
4, 859
57,518
10, 647
23, 072
14, 675
25, 452
12, 753
4 711
27, 754
13,115
15, 643
5,869
6,662
3,113
14, 175
5,610
5,677
2,888
13, 371
5, 481
5,015
2, 875
13,764
5, 265
5,833
2,667
13,360
5,070
5, 510
2,780
15, 364
5,272
6,917
3,175
14, 257
5,237
6,389
2,631
1 5, 745
5,811
6,494
3,440
3,470
39, 165
552, 708
2,403
43, 060
566, 419
2, 853
36, 190
663, 329
3,062
34, 318
442,144
2,718
37, 630
472, 885
3,087
35, 181
486, 035
3,246
40, 260
531, 023
2,642
36, 929
502, 308
3,177
41,355
623, 797
14, 788
2,253
15, 157
1,038
14, 093
1,567
13, 293
1,663
13, 354
1,442
13,011
1 490
14, 935
1,573
14, 054
1,434
4,579
93, 654
11, 666
50, 144
14, 140
15, 397
5,689
6,600
3,108
20, 560
11,325
37, 771
14, 919
11,790
4 994
4,881
1 914
15, 796
5 895
6,722
3 179
3, 667
43, 643
571, 925
2,592
35, 667
503, 935
2,954
44, 622
623, 983
15. 156
1,813
15, 543
1,805
11,906
1 622
15, 887
1 449
6 088
134
557
r
r
r
T
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. of dol
Calf and kip skins
thous. of skins.
Cattle hides
thous. of hides
Imports:
Value, total 9
thous. of dol__
Sheep and lamb skins
-- - thous. of pieces _
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^i/15 Ib
_ __dol. per lb..
Hides steer, heavy native, over 53 Ib _ _ _ do. -
5,253
141
282
4,834
126
267
6,104
162
326
6.939
187
466
4,422
134
311
5 056
165
417
7 874
'198
661
6 941
182
572
4,997
184
374
6 043
161
490
5,223
121
459
5,604
1,336
1,938
9,235
4,591
2,017
6,372
1,339
2,130
5,896
1,326
1,871
5,409
1,053
1.805
5,319
1,917
1,627
4,667
1,306
1,678
8,905
5, 585
1 530
7,945
3,095
2,291
7,973
3,549
1 978
8,029
3,822
2,189
.725
.238
.650
.228
.550
.193
.425
.130
.500
.148
.600
.138
.560
.133
.560
.143
.565
.143
.565
.148
580
133
LEATHER
Production:
492
515
497
468
515
504
496
535
Calf and whole kip _ _ __ __ __ thous. of skins.
476
492
536
1,872
1,796
1,912
1,768
1,883
1,805
1,743
1,836
Cattle hide and side kip©. thous. of hides and kips._
1,832
1,946
1,803
1,914
1,834
1,812
1,844
1,760
1,814
1,769
1,687
1,919
Goat and kid©
- - thous. of skins
1 622
1,714
3,188
2,408
2,653
2,684
2,737
2,669
2,689
2,537
2,652
2,350
2,685
Sheep and lamb©
_
- -do_ _Exports:
1,637
1,758
1,713
1,624
1,794
1,636
1,889
2,528
2, 033
2,829
Glove and garment leather
thous. of sq. ft__
3,067
2,377
3,175
3,082
2,566
3,408
3,291
Upper and lining leather
_ _ _
_ _
do3, 563
4, 050
2 687
2 987
2,390
Prices, wholesale:
.943
.943
.760
.900
.800
Sole, bends, light, f.o.b. tannery ___dol. per lb_.
.713
.730
.747
.727
.720
.717
Upper, chrome calf, B and C grades, f.o.b. tannery
1.215
1.385
1.368
1.292
1.197
1.298
1.323
dol. per sq. ft__
1.317
1.317
1.327
1.333
r
Revised.
* Preliminary.
1
Beginning August 1959, price is quoted on carlot basis; not comparable with previously published data through July 1959 which are on l.c.l. basis.
2 December 1 estimate of 1959 crop.
3 October 1 estimate of 1960 crop.
}For 1958 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
cfProduction of refined oils covers only once-refined oils (alkali refined).
*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census).
9 Includes data for items not shown separately.
©Revisions for January-March 1959 (also for 1958 for sheep and lamb) will be shown later.
2 gg
r
5,947
2 160
1 413
4,926
916
1 551
.580
143
P 525
P 148
332
1,497
1 301
1 858
2 451
2 952
.700
f .687
1.333
p I. 304
SUKVEY OF CUKKENT BUSINESS
October 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-31
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August September
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous. of pairs_.
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs.. _
By kinds:
Mien's
do
Youths' and boys'
do. __
"Women's
do
Misses' and children's
_ _
do_ _
Infants' and babies'
do
Slippers for house wear
do_ _
Athletic
-do
Other footwear
do
Exports
- - - - do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49=100.
Women's oxfords, elk" side upper, Goodyear welt
1947-49= 100__
Women's pumps low-medium quality
do
54, 672
53, 437
52, 378
45, 800
48, 409
53,100
53, 403
57, 861
48, 756
48, 595
49, 902
43, 413
58, 108
46, 059
43, 947
42, 991
37,606
42, 950
48, 393
48, 150
51, 408
42, 820
42, 320
42, 934
37 841
49 260
9,142
2,284
25, 264
6,370
2,999
9,235
2, 213
23, 394
6,092
3,013
9,053
2,032
22, 686
6,000
3,220
8,071
1,766
19, 619
5,243
2,907
8,803
2,080
22, 439
6,333
3,295
9 042
2,287
26 735
6,983
3 346
8 596
2, 195
26 949
6,921
3 489
9,796
2,278
28, 733
6,921
3,680
8 660
1,918
24 069
5,226
2,947
8 914
2,010
22 799
5,602
2 995
9 039
2,112
23, 172
5,733
2,878
6
2
21
5
2
977
145
135
440
144
9 437
2' 408
26 902
7 303
3 210
7,341
653
619
233
8,278
669
543
248
8,230
615
542
270
7,143
551
500
268
4,393
560
506
186
4,019
473
215
191
4 452
504
297
185
5,461
602
390
252
5,100
542
294
235
5 355
589
331
174
5,802
649
517
147
4 832
368
372
155
7 809
'518
521
134.4
134.4
137.4
137.4
137.4
137.4
137.4
137.4
135.7
133.5
133 5
133.5
* 133 5
150.6
132.0
146.7
132.0
146.7
132.0
146. 7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
* 146. 7
» 133 7
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production total
mil. bd. ft__
Hardwoods
do
Softwoods
do
Shipments, total
_ _
- __do
Hardwoods
do_ _
Softwoods
__
-- do _ _
3,171
643
2,528
3,137
607
2,530
3,324
635
2,689
3,119
566
2, 553
3,304
633
2,671
3,145
627
2,518
2,892
593
2,299
2,639
564
2,075
2,947
560
2,387
2,804
538
2, 266
2,681
554
2,127
2,634
587
2,047
2,924
568
2,356
2,798
637
2,161
3,096
532
2, 564
2,959
619
2,340
3,048
597
2,451
3, 055
623
2,432
3,197
617
2,580
3,187
613
2,574
3,194
631
2,563
3,097
581
2,516
2 693
611
2 082
2,605
536
2,069
3, 175
601
2,574
3,035
560
2,475
8,816
3,717
5,099
9,022
3,787
5,235
9,212
3,793
5,419
9,465
3,822
5, 643
9,610
3,844
5,766
9,657
3,810
5,847
9,800
3,741
6,059
9,937
3,654
6,283
9 944
3,628
6 316
9 954
3,632
6 322
10, 050
3,682
6,368
9 902
3,757
6 145
10 036
3,798
6 238
M bd. ft
do
70, 181
373, 098
76, 067
315, 658
70, 934
318, 744
68, 081
312, 434
76, 662
271, 351
64 823
214, 418
60, 041
305, 515
71, 578
325, 926
89, 174
305, 900
83 843
408, 205
83, 094
419, 089
68 899
367, 136
63 912
370, 988
mil. bd. ft
_ do_
do
- - do_
do
671
633
667
696
786
654
587
739
699
826
647
554
731
680
905
630
571
680
613
971
833
703
715
701
985
566
666
650
603
1,034
687
704
724
649
1,126
661
656
793
710
1,209
663
633
709
686
1,245
662
531
717
764
1,197
675
488
669
718
1,148
601
519
532
571
1 109
685
491
719
712
1,111
24, 146
30, 415
Exports total sawmill products
M bd. ft
13, 190
17, 965
Sawed timber
_
do
12, 450
10,
956
Boards planks scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
1
89.501
88. 637
dol. per M bd. ft_.
Flooring, C and better, F. G., I" x 4", R. L.
dol. per M bd. ft.. H31.112 131. 879
Southern pine:
669
655
Orders new
mil. bd. ft
277
267
Orders, unfilled, end of month .._
do. _
614
667
Production
do
653
665
Shipments
_ _ _ _ _
do_
Stocks (gross), mill and concentration yards, end of
1,634
1,636
month
_
_ mil. bd. ft
7,721
6,520
Exports total sawmill products
M bd. ft
1,074
1,301
Sawed timber
_
do
5,446
6,420
Boards, planks scantlings, etc
do
Prices, wholesale, (indexes):!
Boards, No. 2 and better, I" x 6", R. L.
119.3
120.3
1947-49=100
Flooring, B and better, F. G., 1" x 4", S. L.
94.8
95.2
1947-49-100
Western pine:
762
812
Orders new
mil bd ft
357
343
Orders, unfilled, end of month
do
886
907
Production
do
818
Shipments
do
826
1,842
Stocks (gross), mill, end of month
do_ _
1,923
Price, wholesale, Ponderosa, boards, No. 3, 1" x 12",
81. 030 79. 100
R. L. (6' and ever)§
dol. per M bd. ft
29, 728
15, 390
14, 338
26, 449
14, 194
12, 255
36, 436
22, 000
14, 436
32, 176
18,252
13 924
25, 615
14, 827
10, 788
31, 722
17, 271
14,451
36, 531
19, 628
16, 903
43 673
28, 005
15 668
37, 889
18, 376
19, 513
31 587
18, 773
12 814
24, 576
11, 847
12, 729
87. 100
82. 325
82. 601
83. 456
83. 536
83. 193
83. 193
82. 503
80. 405
80. 757
p 80. 232
Stocks (°TOSS) mill end of month, total
Hardwoods
_ Softwoods
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
_
-
do
- - do
do
r
r
132. 055
132. 463
131. 598
131. 688
133. 084
133. 084
U32.563
131. 717
130. 919
630
230
690
667
510
194
606
546
514
179
616
529
541
200
570
520
502
182
576
520
587
201
630
568
639
216
641
624
634
221
666
629
642
208
699
655
542
203
574
547
601
198
603
606
1,659
5,055
1,154
3,901
1,719
7,092
1,315
5,777
1,806
8,412
1.925
6,487
1,856
7,649
1,247
6,402
1,912
7,231
1,557
5,674
1,974
6,420
1, P20
4,800
1,991
10 069
1,678
8,391
2,028
8 055
2,777
5,278
2,072
9,123
2,136
6,987
2,099
11 003
3, 643
7 360
2,096
8,545
2,810
5,735
120.5
120.2
119.8
119.6
118.2
117.2
117.5
116.3
114.8
113.2
P 111.4
95.2
95.2
95.5
95.5
95.4
95 4
95.4
95.1
94.9
94 1
• j»93 9
806
336
874
813
1,984
587
308
688
616
2,056
861
423
742
745
2,053
613
404
579
628
2,004
651
376
699
670
2,033
718
391
758
702
2,089
740
367
758
765
2,082
819
370
841
815
2,108
735
339
829
767
2,170
703
378
691
664
1,960
771
364
871
785
2,046
76. 650
75. 660
75. 500
76.060
78.420
79. 680
79. 720
79. 990
78. 620
131. 186 v 129. 651
>• 75. 950 p 72. 297
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
M bd. ft__
Orders, unfilled, end of month
do .
Production
do
Shipments
_ _
_ _ do
Stocks (gross), mill, end of month
do
Oak:
Orders, new
_
do
Orders, unfilled, end of month
do_
Production
_
do
Shipments
_
do
Stocks (gross), mill, end of month
do
Plywood (except container and packaging), qtrly. total:
Shipments (market)
M sq. ft., surface measure.
r
3,800
12, 350
3,250
3,850
8,950
2,750
11,700
3,675
3,350
9,500
2,925
11, 225
3,550
3,150
9,675
2,500
10, 800
2,850
2,900
9,700
3,225
10, 975
3,375
2,825
10, 125
3,575
11, 500
2,950
2,800
10, 375
2,675
11, 550
2 825
2,675
10, 575
3,625
11,800
3 350
2,900
10, 900
3,150
12, 350
2 925
2,725
11, 125
3,300
12, 325
3 000
3,300
11, 050
4,075
12,050
3,200
4,250
10, 000
3,925
12,550
2 175
3 000
9,275
3,650
12, 050
3 350
4,100
8,525
79, 379
51,417
86, 499
85, 596
66, 357
76, 276
45, 977
88, 671
87, 220
67, 048
80, 262
42, 067
90, 435
84, 172
72, 602
65, 439
36, 062
77, 529
69,615
77, 945
69. 145
37, 057
77 792
70, 392
85, 345
81, 169
47, 384
73 631
71, 925
85, 683
72 509
48, 651
72 509
69 294
87, 675
71 514
48, 276
78 715
71, 889
94, 501
69 689
47, 370
74 689
73, 007
96, 183
64 087
38, 935
77 655
72 522
101, 316
72, 107
34, 901
76, 499
79, 498
98, 317
64 029
35 952
64 001
63 796
96, 267
81 136
38, 170
78 298
78 917
93, 902
247, 733
240,802
235, 260
220, 235
Revised.
p Preliminary.
1 Not entirely comparable with data prior to month noted.
J Effective with the July 1960 SURVEY, price indexes replace actual prices; data for Jamiary
1947-April 1960 will be shown later.
§ Not comparable with data through 1958 which cover a different specificati.on
SUEVEY OF CUEKENT BUSINESS
S-32
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1960
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
September
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys) :
Exports, total f 9
thous. of short tons. _
Steel mill products*
do
Scrap t
do
Imports total 1 9
do
Steel mill products*
do
Scrap
_ _ _
do
621
63
551
458
324
31
486
59
423
458
366
12
479
47
426
454
362
14
575
69
499
659
461
41
726
130
579
650
539
15
530
158
356
512
465
10
636
168
459
507
471
11
764
203
551
505
464
12
758
235
514
391
331
16
992
320
662
318
272
10
1,013
382
623
301
213
14
'832
331
M92
238
177
15
1,195
328
861
247
184
10
2,276
925
1,352
2,100
9,490
2, 547
1,069
1,478
2,368
9,644
2,741
1,105
1,635
2,539
9,846
5, 450
2,921
2,529
5,373
9,928
7,953
4,457
3,496
7, 864
10,011
7,429
4,483
2,946
7,889
9,540
7,276
4, 238
3,037
7,273
9,545
7,191
4,383
2,808
7,454
9,278
6,292
3,847
2,445
6,301
9,270
5,862
3, 538
2,324
5,657
9,475
5, 210
3,211
1,999
5, 024
9,661
4,150
2,555
1,595
4,120
9,700
P 4, 620
f 2, 835
f 1, 785
f 4, 684
v 9, 640
645
762
3,154
829
727
3,800
782
562
3,899
4,383
6,976
3,813
5,036
5,178
3, 035
4,041
1,926
2,370
4,017
1,779
2,516
4, 502
1,922
2,217
7,440
6,873
2,334
11, 873
13, 349
3,717
11, 939
13, 056
4,221
10, 538
12, 691
3,746
10, 890
10, 845
4,299
3,083
1,508
260
67,155
10,362
49, 498
7,295
3,558
1, 464
39
71,014
10,461
51,592
8,961
3,025
1,593
96
74, 137
11,155
53,024
9,958
11,604
7,091
372
75, 607
8, 736
57, 537
9,334
10. 943
11, 539
126
73, 040
8, 524
156,941
7,575
4, 660
11, 856
70
66, 816
10,839
49, 257
6,720
4,431
11,337
34
61, 470
13, 073
42, 483
5,914
4,299
11,788
100
55, 777
1 5, 320
34, 994
5,463
8,084
10, 433
169
53, 235
15, 891
32, 645
4,699
15, 926
9,740
557
57, 673
14,418
38, 830
4,425
16, 293
8,060
824
65, 801
14, 034
47, 097
4,670
15, 705
7,014
788
73, 110
11,892
55, 787
5,431
13, 894
6,729
1.162
80, 041
11, 139
62, 953
5,949
89
87
71
100
109
73
115
111
87
66
154
103
116
2948
1,003
2949
1,088
21,018
1,172
4,199
4,479
7,573
7,734
7, 754
7,857
7,342
7,394
7,714
7,694
6,760
6, 556
6,331
6,123
5, 261
5, 255
4,480
4, 354
4,470
P 4, 619
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 (operations in all U.S. districts):
Mine production
thous. of long tons
Shipments from mines
_ _ _ _ _
do_
Imports!
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants _ _
Consumption at iron and steel plants
Exports
_
_ _
Stocks total end of month
At mines
_ _ _ _
At furnace vards
At U S docks
do
do
do
do
do
do
do
Manganese (manganese content), general imports J
thous. of long tons
1
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys)
thous. of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons
Prices:
Composite
dol. per long ton__
Basic (furnace)
do
Foundry, No. 2, Northern
do
Castings, gray iron: O
Orders, unfilled, for sale, end of month
thous. of short tons
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of month
thous of short tons
Shipments, tota-l
_ _
do
For sale
do
r
r
3,496
3,425
3,364
3,052
2,979
2,966
2,973
3, 051
3,269
3,537
3,644
3, 758
P 3, 702
65. 95
66. 00
66. 50
65. 95
66. 00
66.50
65. 95
66. 00
66.50
65. 95
66. 00
66.50
65. 95
66. Of)
66.50
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65.95
66. 00
66.50
65. 95
66. 00
66.50
65. 95
66.00
66.50
65. 95
66.00
66.50
65. 95
66.00
66. 50
65. 95
p 66. 00
p 66. 50
65. 95
874
742
506
884
849
527
889
871
519
886
830
515
847
1,107
584
854
1,136
592
857
1, 108
571
882
1,143
600
836
1,051
581
782
1,053
589
720
1, 050
'602
755
803
451
86
65
40
82
76
46
85
76
49
83
58
42
94
80
46
100
83
46
98
83
47
85
86
50
79
71
39
73
69
38
64
73
43
74
50
29
1,439
12
20.2
1, 535
13
22.3
1,705
14
24.0
7,268
60
105. 6
11, 989
96
168.5
12, 049
96
169.4
11, 127
94
167.2
11, 565
92
162.6
9,778
80
142.0
8, 830
70
124.1
7,405
61
107.6
6,351
50
89.3
6,838
54
96.1
p 6, 439
53
93.5
98
79
100
80
106
85
109
86
133
104
123
94
129
98
144
110
127
97
127
97
137
107
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous of short tons
Percent of capacity cf
Index
_ _
1947-49=100
Steel castings:
Shipments total
thous. of short tons
For sale total
do
Steel forgings (for sale):
Orders unfilled end of month
do
Shipments, total
do
Drop and upset
do
Prices:
Composite, finished steel (carbon)
dol. per lb__
Steel billets, rerolling, carbon, f.o.b. mill
dol. per short ton
Structural shapes (carbon), f.o.b. mill ___dol. per Ib
Steel scrap, No. 1 heavy melting:
Composite (5 markets) § __
_ dol. per long ton
Pittsburgh district
do
374.4
97.9
77.5
372.1
103.5
80.0
373.3
97.3
74.3
405.2
87.3
63.3
420.1
114.4
85.3
420.1
122.6
93.6
398.3
129.8
100.1
350.2
137.9
107.8
325. 0
116.7
89.7
312.5
110.3
85.1
295.2
110.1
82.0
90
67
r
295. 3
79.3
57.9
293.6
89.4
68.3
.0698
. 0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
p 95. 00
P. 0617
37.63
38.00
39.17
38. 00
42.04
41.00
44.47
46.00
41.23
42.00
41.41
43.00
40.04
43.00
34.16
36.00
33.88
35 00
32.97
33.50
31.12
31.00
31.28
30 50
P 32. 20
p30 50
1,897
1,684
1,875
1,466
2,120
1,286
2, 653
1,459
2,193
2,280
1,796
1,808
1,616
1,424
1,871
1,700
1,798
1,714
1,715
1,893
1 702
1,986
1,681
1,762
615
423
546
1,443
29, 899
642
412
577
1,519
29, 088
383
235
328
1,543
23, 434
298
170
258
1, 356
18, 526
317
177
274
1,374
21, 640
301
181
251
1,435
21, 904
288
171
237
1,470
22,381
330
184
273
1,696
24, 302
363
209
300
1,496
23, 542
408
232
345
1,597
29, 926
424
230
363
1,619
32, 199
453
275
399
1,368
25, 174
r
.0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of month
thousands
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use— thous. of short tons _
Food©
do
Shipments for sale
do
Closures (for glass containers), production, millions
Crowns, production
thousand gross
601
409
535
1,693
24, 952
Steel products,.net shipments:
4,842
1,283
1,339
1,419
8,430
8,211
7,966
6,742
6,272
7,583
Total (all grades)
thous. of short tons
5 072
5 921
4 711
414
184
253
374
219
351
416
239
Semifinished products
do
174
188
315
619
570
574
457
562
321
447
348
517
Structural shapes (heavy), steel piling
do
434
776
529
754
354
484
755
624
370
727
Plates
do
47
170
149
120
148
139
Rails and accessories
_
do
76
91
133
153
r
2
Revised.
p Preliminary.
1 Reflects inventory adjustment.
Including blast furnace production of ferroalloys.
t Revised (beginning in the February 1960 SURVEY) to include certain metal manufactures classified by the industry as steel mill products but formerly omitted from the total shown here;
see note marked "*".
9 Includes data not shown separately.
*New series (from Bureau of the Census). Data beginning January 1959 revised (in the April 1960 SURVEY) to include exports of secondary tinplate. Revisions for 1958 for total and steel
mill products exports and imports are shown in the March 1960 SURVEY (bottom p. S-32).
©Revisions for January 1958-May 1959 are available upon request.
t Scattered revisions for 1957-58 are available upon request.
cf For 1960, percent of capacity is calculated on annual capacity as of January 1,1960, of 148,570,970 tons of steel; for 1959, as of January 1, 1959 (147,633,670 tons).
§ Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, and
San Francisco.
©Excludes shipments of food cans of the pressure-packing type; such types are included in total shipments.
SURVEY OF CURRENT BUSINESS
October 1000
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-33
1959
1960
NovemAugust SeptemOctober
ber
ber
December
January
February
March
April
June
May
July
August
September
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars and tool steel total
thous. of short tons
Bars' Hot rolled (incl light shapes)
do
Reinforcin^
do
Cold finished
do _
Pipe and tubin^
do
Wire and wire products
do _
Tin mill products
do
Sheets and strip (incl electrical), total
do
Sheets' Hot rolled
do
Cold rolled
do
Fabricated structural steel:
Orders new (net)
thous. of short tons
Shipments
-- do __
Backlo0' end of month
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary, domestic. thous. of short tons_
Estimated recovery from scrap©A
do
Imports (general):
Metal and alloys, crude
_
do
Plates sheets etc t
do
Stocks, primary (at reduction plants), end of month
thous. of short tons
Price, primary ingot, 99.5%+O
dol. per lb__
Aluminum shipments:
Mill products and pig and ingot (net)J
mil of Ib
Mill products total
do
Plate and sheet
do
Castin"~s§
do
Copper:
Production:
Mine recoverable copper
thous. of short tons
Refinery primary
do
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
Imports (general):
Refined unrefined scrap©t
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 Ib
Copper-base mill and foundry products, shipments
(quarterly):
Brass mill products
mil of Ib
Copper wire mill products©
do
Brass and bronze foundry products
do
Lead :
Production:
Mfirie recoverable lead
thous of short tons
Secondary estimated recoverable© f
do
Imports (general), ore©, metal t
do
Consumption, total
__ _
do
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
_
_ thous. of short tons
Refiners' (primary), refined and antimonial©
thous. of short tons
Consumers 'cf
do
Scrap (lead-base purchased) all consumers do
Price, pig, desilverized (N.Y.)
_ dol. per Ib
759
502
163
86
510
233
349
1,943
575
924
197
1 283
901
213
160
859
381
553
3. 275
956
1,599
995
1, 592
1 157
842
140
166
765
306
528
3, 049
912
1,447
1 214
883
145
176
698
275
635
3,291
942
1, 608
993
679
162
143
610
247
559
2 806
796
1 , o79
861
541
192
1^0
586
246
567
2, 654
799
1,357
803
479
210
106
576
215
654
2, 422
579
1,319
623
362
183
74
51 5
195
581
1, 856
440
977
772
453
223
91
559
243
555
1, 964
506
994
221
209
2,116
289
241
2, 189
343
277
2, 364
345
287
2,401
270
285
2 237
268
333
2,219
270
301
2,203
262
332
2 114
1 245
879
185
172
914
372
588
3,332
220
284
183
244
195
260
181
1,772
1,871
1,891
2,068
366
236
2, 195
172.8
37.0
168. 2
37.0
173.7
39.0
153.7
33 0
163. 0
36.0
164.0
41.0
156.8
40 0
170.7
43.0
168. 6
36 0
175. 9
33 0
171.4
31.0
177. 6
173.0
31.4
14.8
18.5
15.8
4.6
4.2
3.7
4.4
26.4
4.7
12.0
3.4
10.6
3.5
16.8
3.4
7 6
3.4
11.1
2 9
15.2
3.3
12.9
2.0
14.4
2.6
94.0
. 2680
109.1
. 2680
131. 1
.2680
132.8
. 2680
111.6
127.5
.2810
117.1
.2810
115.0
. 2810
139.1
. 2810
148.6
. 2810
170.0
. 2810
203. 6
.2810
314.2
247.6
120. 5
56.0
389.7
262.8
130.7
66. 3
414.4
287.2
144. 1
67.6
370 7
247. 5
127 8
54 7
480.1
426 4
256. 0
135 8
71.7
433 1
267.1
144 1
72.2
366 4
133.6
61.8
398
272
147
60
411.2
143. 1
65.2
372. 5
250. 0
131.3
68.2
353. 8
251.0
143 0
45. 7
54.7
70.7
M3.9
1
26. 7
1
13. 8
26.9
28.1
12.9
15.2
16.0
28.9
32.7
13.6
19.1
17.3
25.3
30 2
12.2
17.9
14.4
29.5
i 45. 4
1
17.3
'28.2
i 16.9
47.9
78.9
45.5
33.5
22.8
75.2
85.9
64.3
21.6
25.8
96.3
132.4
105. 2
27.2
19.9
97.5
144.9
109.0
35.9
22.2
98.8
140 9
107.9
33.0
21.8
95.2
142.7
108.1
34.5
24.8
38.4
12.9
76.7
40.3
44.9
19.8
68.8
43.7
80.7
40.2
63.7
34.1
47.5
22.6
52.8
18.0
44.0
10.1
29.8
7.2
18.8
16. 6
117.1
194.8
158.7
. 2989
11.7
9.0
6.0
4.4
4.8
2.3
17.0
11.3
129.1
171.0
130. 0
.3102
120.0
135. 0
87.0
.3258
103.0
129.0
81.0
.3406
10.5
5.1
108.0
121.0
82.0
111.6
122.0
76.0
29.4
19.0
122.9
119.0
76.0
46.2
31.3
116.0
p 155. 0
p 103. 0
. 3372
.3365
.3298
34.7
21.2
140. 1
127.0
80.0
. 3261
. 3260
. 3260
1
554
381
225
21.9
35.5
25.1
92.6
20.7
35.5
33.1
95.2
. 2736
267.9
514
387
235
21.2
37.8
24.9
97.7
247.4
4
3
3
3
278.3
150. 4
60.1
r
2
211.7
. 2600
86. 3
124. 7
88.3
36. 4
23.4
90.1
135 6
97.3
38.3
23.0
52.6
7.5
34.7
6.8
55.2
9.0
64.2
50 8
57.8
38.8
64. 5
45. 0
^ 117.0
P 157. 0
v 99.0
v 122. 0
v 174.0
P 101. 0
P 74. 0
P 197.0
p 117.0
78.4
58.7
p 122. 0
p 198. 0
p 110.0
. 3260
. 3260
. 3260
493
386
243
2 . 2600
.3260
492
394
225
r
20 3
36.7
33.7
84.9
22 1
37.2
24.2
86.2
21 4
37.7
35.0
87.3
22 4
37.9
26.9
85.1
25. 5
38 5
34.9
91.1
23 1
37 8
28.2
83.4
20 5
41 3
26.5
90.8
139.9
140.5
143.8
144.5
121.3
128 2
38 1
. 1200
128.1
120. 1
39 8
. 1200
134.1
125. 8
42 8
1200
. 1200
83.9
100.0
99.0
101. 3
109.9
119.1
125.5
135.C
133.0
128.2
156. 0
46.1
. 1229
121.2
147.3
49.0
.1300
119.4
133. 3
50. 4
.1300
118.2
130.2
49.9
. 1300
119.4
123.1
50.7
. 1252
117.0
120. 5
42.7
.1200
115.5
126. 6
41.8
.1200
107.5
126. 7
42 4
.1200
116. 5
127. 3
41 0
.1200
19 4
41.0
30.1
87.5
16 0
33. 5
33. 4
76.8
17 2
35.7
. 1200
Imports (for consumption):
334
61
2,454
138
2,452
526
430
766
1,801
861
1, 267
1 160
Ore©J
long tons
1 555
3, 500
2, 399
3, 876
3,166
2, 938
3,620
4, 17.5
3,410
3, 575
Bars, pi^s, etc
_
do
3, 155
3, 860
2 14'J
3 780
1, 910
1,845
1,710
1 990
1, 930
2 030
2 215
2 115
1 805
1 960
Estimated recovery from scrap total©
do
1 830
1 500
270
285
260
210
240
280
230
210
255
A s metal
_ _
do
270
245
240
(• r^2()
4 760
4 825
4 920
6 Q85
7 400
5 645
7 280
7 410
7 875
Consumption pig total
do
7 705
7 685
6 99 5
2, 1 50
2,185
2, 270
4, 760
4, 470
4, 570
3, 235
4, 960
Primary
_ _ _ _ _
_ _ _ do
4 635
5, 1 £0
5,' 3 10
5, 220
4 655
106
129
167
1 59
122
92
194
19
173
2
28
103
Exports, incl. reexports (metal)
do
39
25. 475
23, 060
27, 285
28, 170
24, 050
26,945
26, 765
22, 445
21, 930
23, 355
Stocks, pie- (industrial), end of month
do
20, 775
20, 650
20, 370
1. 0243
1. 0220
1. 0096
1. 0097
.9913
1. 0009
. 9985
. 9924
. 9954
1.0131
Price, pig, Straits (N.Y.), prompt
dol. p e r l b _ _ 1. 0233
1.0349
1. 0285 "I. "02:23"
Zinc:
Mine production, recoverable zinc
r
30.0
38.0
31.7
31.6
42.9
39.5
37.3
36.0
40.9
40.7
39.1
thous. of short tons.38 9
33 0
Imports (general):
38.9
32.4
34.6
43.3
30.3
Ores and concentrates©?
_ _
do
37.8
39.2
36.0
49 2
35 7
45.0
32 7
35 6
9.1
16.8
13.3
Metal (slab, blocks)
do
9.5
10.7
11.0
12 1
9.0
7 5
6 8
15 5
8 1
3 7
Consumption (recoverable zinc content):
8.8
8.8
7.9
7.8
Ores©
_
do
7.9
7.3
7. 7
81
8 2
6 2
7 2
6 6
20.4
20. 6
15.8
20.6
21.1
19.1
20.8
16.1
21.0
Scrap, all types.—
_
do
18 7
17 7
15 0
Slab zinc:
Production (primary smelter), from domestic and
58. 3
65.9
66.7
71.0
61.1
59.4
foreign ores _ _
__thous. of short tons_.
69. 5
79.3
82.3
74.7
72.8
59 5
70 0
2 9
3.9
2.9
3.9
3.8
3.0
Secondarv (redistilled) production, total _ do _
3.7
3.8
3 9
4 5
3.9
3 7
4 4
62. 5
66.9
89.3
60.5
87.4
71.1
Consumption, fabricators', total
do
88.1
86 5
71 2
73 9
70 5
OS 5
55 2
.2
4 2
3.0
1.2
2.3
2.8
5 9
5 6
1 8
Exports^
do
4 7
7 1
2 4
7 6
Stocks, end of month:
192.0
193. 0
jq9 5
Producers', smelter (AZI)
do
191.3
176. 2
154 4
144 5
137 1
136 6
147 9
165 0
187 7
r 200 6
207 1
r
r 74 2
92.6
Q7 3
93.2
94 8
95 0
100 3
98 4
Consumers'
do
100 2
96 9
85 8
72 3
68 4
.
1133
.1213
.1100
Price, prime Western (St. Louis)
dol. perlb__
.1250
. 1300
. 1250
.1288
.1300
.1300
. 1300
.1300
.1300
.1300
. 1300
p
Revised.
^Preliminary.
Part of August 1959 production is included in December 1959 data.
2 g ec no{,e marked "O".
© Basic metal content.
ARevised effective with the February 1960 SURVEY to include monthly estimate of secondary aluminum recovered by nonreporting producers.
O Effective August I960, price refers to aluminum formerly called "processed pig" and now sold as "unalloyed ingot"; January-July i960 price comparable with August 1960, $.2600.
§Data for 1958 have been adjusted to industry totals based on the expanded survey of producers introduced in January 1959; revisions for 1958 are shown in the January 1960 SURVEY.
t Revised effective with the February 1960 SURVEY to include monthly estimate of lead recovered from nonreportino: secondary smelters and lead recovered from copper-base scrap; revisions
for 1958 are shown in the February 1960 SURVEY.
^Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap,
t Scattered revisions for 1957-58 are available upon request.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1960
1959
1960
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
March
April
May
June
July
August September
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil. of sq. ft. of radiation.
Stocks end of month
do
Oil burners: A
Shipments
thousands
Stocks end of month
__ _do__ _
Stoves and ranges, domestic cooking, incl. Imilt-ins: AcT
Shipments total
thousands
Coal a n d wood
__ _ _ _ _ _ _ do_ _
Gas (incl bungalow and combination)^ _ do _
Kerosene gasoline and fuel oil
do
1.7
4.6
2.3
3.9
2.3
3.3
1.9
2.9
1.3
3.1
1.2
35
1.4
37
1.5
4.2
1.2
4.6
1.2
4.9
1.5
50
1.3
4.3
65.4
50.8
79.3
42.7
77.6
39.9
47.6
37.2
32.6
40.1
36.8
43.1
39 2
48.0
35.4
55.2
34.6
61.6
36 6
69.1
46.9
65.8
34.9
66.4
186. 9
3.8
176. 6
222 4
208 8
181.8
194. 5
6.9
8.7
168.6
1
13.2
3.0
156.9
3.3
133.5
3.1
1 58. 6
2.9
171.9
164 9
3.0
156.4
5.5
152 6
3.6
144. 6
4.4
174 4
3.4
166. 8
4.2
3.3
210. 3
Stoves domestic heating shipments totalAt
do
Coal and wood
- - - do _
Gasf
do
Kerosene gasoline and fuel oil
do_ __
300. 6
42.2
193.3
65. 0
340.8
55. 5
221.8
63.5
329.1
50.2
221.3
57.6
226.8
31.1
162.9
32.8
89.7
13.1
63. 5
13.1
72.0
5.4
41 5
25.1
78.2
45.1
25.4
113.0
13.7
70.8
28.6
110.5
16.3
61.3
32.8
116. 5
21.0
69.8
25.8
186.7
24.4
116.0
46.3
208. 6
25.0
142.9
40.7
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalAt
thousands
Gas
'
- do. _
Oil
do
Solid fuel
- - do_ "Water heaters gas shipments
do
153.3
110.8
35.4
4.9
241.2
173.2
120.9
43.9
174.7
125.5
41.2
121.6
90.7
26.0
3.2
190.3
87.9
68.3
16.4
2.1
183.3
78.3
61.7
15.2
1.3
202.1
79.9
63.2
15.3
1.4
201.6
82.8
66.7
14.7
1.4
230.8
86.8
70.2
15.6
1.0
203.2
88.5
70.5
16.7
1.3
192, 7
107.4
99.2
78.1
18.7
2.4
6.5
5.2
6.0
231.5
5.6
5.6
262.7
0)
r
86.6
r
18.9
1.9
237.9
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fins new orders©
mil of dol
Foundry equipment (new), new orders, net
monthlv average shipments, 1947-49=100
Furnaces, industrial, new orders, net:
Electric processing
mil. of dol
Fuel-fired (except for hot rolling steel)
- - do_
35.8
24.1
36.5
21.9
42.8
19.1
36.5
20.1
134.1
131.3
140.8
131.2
95.9
95.5
128.6
159.9
97 9
159. 0
164.8
80.0
92.4
1.6
5.7
1.8
1.6
3.0
5.9
1.4
4.1
1.6
5.2
1.4
2.2
2.0
2.2
1.1
5.6
1.8
6.9
1.3
3.1
1.1
1.0
1.5
1.2
4.4
532
432
564
481
512
484
468
496
507
523
499
502
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (gasoline-powered),
shipments
number
355
273
433
386
621
400
561
443
548
408
533
426
2,161
2,226
2,520
2,462
2, 624
1,773
2,091
2,722
2,118
1, 968
2,087
1, 523
Machine tools (metal-cutting and metal-forming):
New orders (net) total
mil. of dol
Domestic
- do
Shipments total
do
Domestic
- -- -do
Estimated backlog
months-
52.20
47.05
40.30
35.35
4.8
58.85
50.10
46.15
42.25
4.9
66.65
51. 15
51.50
46.15
5.1
54.25
44.10
46.60
41.10
25.2
58. 30
48.15
63. 85
55. 35
2
4.8
56. 45
45.05
46.40
40.65
2
5.0
60. 60
46.50
51.95
44. 65
24.5
61.95
47.60
64. 50
54. 95
24.8
51.85
40.30
55.10
45.05
24.5
49. 95
32.40
56. 35
44. 75
24.3
55. 10
35. 75
63. 10
51.00
24.0
*r 42. 95
28. 35
r
51. 30
r
41. 40
23.9
Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), total t 9
mil of dol
Tractors wheel (contractors' off-his'hwav) do
Tractor shovel loaders, integral units only (wheel
Farm machines and equipment (selected products),
excluding tractors
mil of dol
Tractors, wheel (excl. garden and contractors' offhighway types)
mil of dol
Pumps (steam, power, centrifugal, and rotary), new
orders
mil of dol
o 288. 8
290.6
90.1
22.6
212. 1
62 0
14.4
59. 6
4P 3
208.1
146. 5
117. 1
' 3 270. 4
87 3
16.3
r
118. 7
3 308. 8
80.0
23.9
64.4
66.1
r 227. 3
234. 4
4
1. 1
P 57.
v 42.
p 47.
p 37.
55
65
15
60
P24. 1
4
18.9
20. 3
*8.8
73.7
414.3
6.2
5.5
5.8
5.5
6.6
7.0
7.6
7.3
6.8
6.7
8.3
6.8
2,728
2,889
3,069
2 799
2 467
1,865
1 641
1,877
1 545
1 650
2 072
r 2, 131
2, 552
116.6
104. 5
157.2
132.0
143. 4
112.6
144 0
93.5
147 5
113. 0
113. 5
117.0
143.2
143.3
156 4
148.6
127 0
145 7
117 6
127.5
126.2
122.3
102.1
96.8
122.4
64.8
268. 5
305. 1
359.8
394. 1
1,009. 4 6 1,881.2
5
547.4
808. 3
330. 9
374. 1
1,795.7
706. 6
293.8
290. 1
312.8
264.2
1,346.1 51,553.3
560.8
5 593. 2
258. 3
254. 6
1,355.8
526. 5
294. 5
283.6
1,442.4
503. 5
339 9
305.6
1,667. 6
5 549. 5
278 4
235 8
1, 230. 3
422. 6
87.0
88.5
82.3
84.0
80.6
81.5
141
13,016
154
39, OG3
146
42, 211
149
32, 463
119.0
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
Refrigerators and home freezers output* 1*^57 — 100
Vacuum cleaners (standard type) , sales billed
Washers sales billed (domestic and export) O do
Radio sets, production!
_
do _
Television sets (incl combination), prod.S
do
Electronic tubes and semiconductors, factory sales
mil of dol
Insulating materials and related products:
Insulating materials, sales billed, index
1947 49—100
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 gross
thou^ of dol
Bill in cs
do
Direct current motors and generators, 1-200 hp:
New orders gross
thous of dol
Billings
do
74.0
145
160
164
29, 926
20. 192
10, 248
5
r
223. 0
280.6
296. 5
217.7
890.4 r 1,048.
4 p51,940. 1
r
268. 9
462. 3 p 5 674. 5
245. 8
265 6
277.0
243. 9
1,277.0 51.551.5
442.2 s 518.9
87.6
91. 8
77 4
78.0
88.0
72.9
168
20, 505
140
18, 808
134
23, 976
152
27,717
24, 562
6
26, 815
•' 13, 674
4
11 677
169
169
180
176
39, 628
39, 981
41,938
40, 015
43,151
41,921
44 98]
44, 988
7,222
6,283
7,124
7, 069
8,111
6,975
6, 768
7, 655
101
4
1, 841
4
1, 965
d, insofar
March,
SUEVEY OF CURRENT BUSINESS
October 19CO
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-35
1959
1960
DecemOctober NovemAugust September
ber
ber
January
February
March
April
July
June
May
August
September
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
_
_. _ thous. of short tons 1,600
442
Stocks in producers' storage yards, end of mo_-do _.
108
Exports
- - do_ _
Prices:
27.49
Retail, stove, composite
- _ dol. per short ton .
13.811
Wholesale chestnut f o b car at mine
-do
Bituminous:
r
«
30,
088
Production
thous. of short tonsIndustrial consumption and retail deliveries, total 9
thous. of short tons «<-24, 591
13,806
Electric power utilities
_
do
131
Railroads (class I)
do
»0 rr 8, 927
Manufacturing and mining industries, total _do.
2 618
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Electric power utilities
_
do
Railroads (class I)
do
Manufacturing and mining industries, total., do
Oven -coke plants
do
r
r
r
1,823
467
217
1, 805
470
180
1,863
445
213
1, 965
429
153
1, 634
378
101
1,579
366
105
1,680
294
90
1,231
283
110
1,262
333
60
1,437
317
154
27.40
14. 231
27 40
14. 651
27.74
14 651
27.82
14 651
28.18
14 651
28 18
14 651
28. 18
14 651
28 18
13 433
27.16
13 188
27. 16
13 188
40, 554
36, 110
34, 670
38, 860
34, 740
35, 990
33, 325
25, 250
36, 155
32, 133 r 36. 974
15, 223
14 084
266
r
14 426 r 17, 719
r
r Q 212
8 707
38, 155
15 865
263
17, 962
8 891
36 518
15 016
248
17 266
8 598
39, 156
16 099
251
18 532
9 107
30, 853
13 105
185
15, 747
8, 181
29, 707
13, 155
145
14,941
7 603
27, 983
13,211
111
13, 424
6 529
26, 608
13, 373
99
11,893
5 735
28, 825
14, 698
107
12 281
5 671
32, 571
r
24, 374
12, 987
137
T
8 880
T
2 525
r
34, 921
'- 35, 997
26, 244
13 389
186
r
9, 680
r 2 602
r
r
1,140
290
85
r
r
1, 637
336
137
27. 28
27.33
13 608 p 13 608
1,622
2 281
2 881
3 267
3 731
4 063
3 986
4 269
1 729
1 323
1,098
1, 119
1 616
66, 596
45, 376
246
19,912
8,442
68, 732
47, 680
246
19,733
7,927
72, 663
49, 758
246
21 , 585
9,374
74, 653
50, 561
233
22, 738
10, 128
76, 202
50, 107
225
24, 840
11,495
73, 426
48, 038
225
24, 331
12 099
70 640
46 084
209
23 722
11 242
66, 955
43, 345
195
22, 964
11 148
68, 153
44, 356
176
23, 136
11,324
71, 364
46, 575
168
24, 053
11,916
73, 928
48, 275
178
24, 770
12, 391
70, 235
47,517
158
21, 823
10, 343
72, 664
49, 334
162
22, 382
10 744
- - do _
1.062
1,073
1,074
1, 121
1,030
832
625
451
485
568
705
737
786
Exports
_~do _
Prices:
Retail composite
dol. per short ton
Wholesale:
Screenings indust use f o b car at mine do
Domestic large sizes f o b car at mine
do
4,001
3,509
3,111
2,481
2, 858
2,050
2 126
2, 147
3,364
3,456
3,743
3,308
3 888
Retail dealers
COKE
Production:
Beehive
thous of short tons
Oven (byproduct)
do
Petroleum coke §
_
do
Stocks, end of month:
Oven-coke plants total
do
At furnace plants
- do
At merchant plants
- _.do
Petroleum coke
do
Exports
- -- -- -do
Price, oven foundry coke (merchant plants), f.o.b.
Birmingham, Ala
dol. per short ton. _
P 1,518
16.72
16.95
17 10
17. 12
17.14
17.19
17 20
17.21
17.21
16.71
16.69
16.78
16 87
5 171
7.724
5 184
7 822
5 202
7.838
5 192
7 944
5 193
7 953
5 193
7 953
5 193
7 953
5 182
7 953
5.166
7.331
5 166
7 300
5 161
7 406
5 156
7. 463
P 5 150
p 7 617
50
1,789
670
36
1,739
685
38
1,801
683
66
4,284
672
92
6,071
762
110
6,187
768
127
5 912
706
134
6 243
799
102
5, 654
809
79
5, 271
829
60
4,543
1,042
* 3,944
"• 2, 429
1,515
1,185
29
4, 333
2, 680
1,652
1,163
32
4,830
3,181
1,729
1,096
50
4 988
3, 227
1,760
1, 114
35
4 505
2,819
1, 080
1, 141
42
4,038
2,528
1,510
1, 163
38
3 879
2 544
1 335
1 166
34
3 673
2 504
1,169
1 191
35
3, 752
2, 610
1,142
1,196
20
3,783
2, 674
1,109
1,178
24
3,892
2,811
1,081
1, 167
37
30.35
30.35
30.35
30. 35
30. 35
30.35
30.35
30. 35
30.35
30.35
2,114
2 97
250,508
85
2,189
2.97
236, 326
83
2,076
2 97
237, 066
81
2,377
2 97
239, 517
84
2,430
2 97
252, 442
86
2,132
2 97
256, 659
86
1 464
2 97
233 880
84
1 795
2 97
245 423
82
1,502
2.97
238, 809
82
1,733
2 97
246, 847
82
r
r
5Q
74
3 923
4, 076
2, 964
^ 1,112
1, 191
37
4 275
3 120
1,150
30.35
30. 35
30.35
2,075
2 97
243, 773
84
1, 813
2 97
257, 522
86
P 2 97
3, 975
1,132
r
34, 165
32
30.35
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed!
number
Price at wells (Oklahoma-Kansas)
dol per bbl
Runs to stills!
thous of bbl
Refinerv operating ratio
percent of capacityAll oils, supply, demand, and stocks:cf
New supply total!
thous. of bbl
Production:
Crude petroleum!
do
Natural-gas liquids, benzol (blended) , etc.! do Imports:
Crude petroleum _
_ _ _ _ _ . . . _ - do _
Refined products!
do
Change in stocks, all oils (decrease, — )_
-do _
Demand, total!
Exports:
Crude petroleum
Refined products!
Domestic demand, total 9 1
Gasoline!.
_~
Tverosene!A
Distillate fuel oil!
_
Residual fuel oil!
Jet fuel!A
Lubricants!
Asphalt!
Liquefied gases!
-
Stocks, end of month, total
Crude petroleum
_
Natural -gas liquids
Refined products
_ _-_
__,_
- _
282, 365
282, 880
289, 343
291, 946
313, 088
312, 721
296 669
310 214
297, 789
291, 377
291, 045
291, 271
209, 733
26, 539
205 700
26, 033
214 248
27, 456
209 449
27, 018
222 969
29, 156
224 140
29, 258
209 986
27 576
220 977
29, 979
211, 132
28, 166
212 296
27, 799
208 161
26, 671
212 645
27, 884
29,943
16, 150
13, 291
29, 486
21,661
185
30, 355
17, 284
13, 259
29, 421
28, 610
31, 879
29, 292
29 730
25, 458
29, 084
30, 713
29 966
29 377
-9, 386 -28, 486 -18,105 — 10 591 -34, 532
33, 877
24, 014
14,611
30. 571
20, 711
16. 307
32, 730
23, 483
2,854
31,191
19, 551
14, 219
do
269, 074
282, 695
276, 084
301, 332
341, 574
330, 826
344 746
283, 178
275, 070
288 191
277, 052
do
do
do
-do
do
do___
do
237
6, 698
262, 139
132, 875
4 370
31.457
34, 705
151
6, 653
275, 891
130,264
7 871
42, 694
37, 874
258
7, 287
268, 539
120, 858
8 059
4fi' 075
38, 370
132
5, 453
295, 747
116,056
11 723
05, 895
50, 155
258
7 238
334, 078
123, 578
15 545
80, 976
58, 623
264
5 734
324, 828
111,311
14 753
86, 200
61 581
260
6 302
338, 184
120, 497
15 958
87,' 137
60 701
270
6,477
276, 431
129, 094
7 668
45, 385
45, 840
127
6,421
268, 522
129, 952
6 176
40, 450
40, 246
436
7 155
280, 600
138,909
6 605
39, 755
39 332
248
5 742
271, 062
135. 838
8 007
34, 919
36, 834
- do_ —
do
do
_ do. _
9,233
3 567
13, 721
16, 56 3
10, 994
3 737
12, 724
15, 994
9,364
3 797
10 267
18, 541
8, 767
3 ?55
('. 225
21, 106
10, 064
3 333
4 419
23, 703
8, 973
3 284
3 066
23,072
8,903
3 646
3 769
23 364
7,887
3 604
6 673
15, 899
8,752
3 898
9,478
14, 601
9, 255
3 699
13 411
14, 687
8,732
3 791
13 848
14. 899
do
do
do
do
832, 470
253,091
31,820
547, 559
832, 655
250, 996
32, 759
548 900
845 914
257, 487
31, 942
556 485
836, 528
255, 953
29, 135
551 440
808 042
257, 129
526 026
790
252,
22
516
742
923
916
903
760 353
266, 178
22 215
471 960
776, 660
201, 312
26, 400
488 948
779 514
257, 301
29, 380
492 833
793 733
242, 745
32, 467
518 5'?1
123 344
1,781
121 865
1, 688
122, 843
1, 537
129 835
1,793
130 339
916
120 307
914
126 866
1,284
123 449
1, 607
125, 226
1,436
126 905
1,307
133, 485
1, 115
163,247
10, 881
162, 780
11,497
169, 701
11,315
175,319
11, 796
193, 575
12, 407
205 379
11,760
209, 854
12, 837
202, 610
13,490
198, 081
12, 428
185, 655
12, 797
182, 193
13, 828
Refined petroleum products:
Gasoline (incl. aviation):
Production!
_
do
130, 366
1,398
Exports!.
_ _
_
do
Stocks, end of month:
170, 543
Finished gasoline. _ _ _ _ _ _ _ _ _
_ _
do
11,378
Unfinished gasoline ___ ..do
Prices (cxcl. aviation):
Wholesale, refinery (Okla , group 3) dol per gal
.120
Retail (regular grade, excl. taxes) , service stations,
55 cities (1st of following mo.)
dol. per gal__
.218
r
855
206
406
253
307 260
299
5 505
301,456
108 871
13 915
73 050
55 804
8
3
3
21
584
352
218
532
780
257
20
502
274
028
793
453
.118
110
105
103
100
105
.214
.207
.211
.207
.203
.202
745
260,
18
465
j
c
113
115
105
. 115
120
.202
.207
.208
.212
.218
V
125
.218
.216
c
Revised.
» Preliminary.
Corrected.
$ Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
! Revisions for 1958 will be shown later as follows: Oil wells completed (August and September); domestic demand—jet fuel (February-September); lubricants (January-August); for
all other indicated items (January-September).
<? Data for Alaska and Hawaii are included as part of domestic supply and demand beginning with January 1959 and January 1960, respectively; appropriate amounts for these States
are reflected in data for all series affected. Data beginning 1960 for jet fuel and kerosene are not comparable with earlier data because jet fuel for use in commercial aircraft is now classified
with kerosene; formerly, this product was reported primarily as "jet."
A See last sentence of note "dV*
« Bituminous coal revisions for January-July 1959 (thous. short tons): Production—36,485; 34,273; 35,396; 35,096; 35,495; 36,775; 24,377; total industrial consumption, etc.—36,685; 33,253;
34,757; 30,937; 30,254; 29,923; 26,131; manufacturing and mining—16,394; 15,393; 17,265; 16,364; 16,175; 15,305; 11,233; coke plants—8,004; 7,874; 9,095; 8,878; 9,053; 8,563; 5,050.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1960
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
1 June
July
August
September
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued d*
Aviation gasoline:
10, 947
Production
thous of bbl
736
Exports*
do
12, 793
Stocks, e n d o f month
__
__
do
Kerosene : §
7, 264
Production
_.
__
do __.
31, 221
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
dol. per gal__
.098
Distillate fuel oil:
55, 921
Production
thous. of bbl
818
Importst
_ _ __ _
do_ _
1, 673
Exports?
do
Stocks, end of month
_ _ do _. 164, 134
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.093
dol. per gal._
Residual fuel oil:
27, 393
Production
.. _
_ thous. of bbl.
11,764
Importst
do
1,554
57. 855
Stocks end of month
do
1.60
Price, wholesale (Okla., No. 6 fuel)... dol. per bbl__
Jet fucl;§
9, 044
Production
_ _ _
thous. of bbl.
8,433
Stocks end of month
do
Lubricants:
4,593
Production
do .
1. 154
Exportst
-- - - _ - _ _ _ _ -.-do _ .
8, 274
Stocks end of month
do
Price, wholesale, bright stock (midcontinent, f.o.b.
.240
Tulsa)
dol. per gal-Asphalt:
Production
thous. of bbL- 11,406
11, 409
Stocks, end of month
do
Liquefied petroleum gases:
5, 576
Production
do
Transfers from gasoline plantst _ _ d o _ .. 11,236
Stocks Cat plants, terminals, underground, and at
27, 961
refineries), end of month
thous. of bbl
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. of squares. Roll roofinc' and cap sheet
do
Shingles, all types
do. ._
\sphalt siding
Insulated siding
Asphalt board products
Saturated felts
do
do
thous. of sq. ft..
short tons..
10 186
1,226
12,062
10, 022
955
11,715
9 509
954
12, 203
10 467
1 036
11,923
10 401
555
13, 401
9 761
582
14,025
9 780
863
14,319
9 145
1 229
14, 274
9 5?l
1 084
13, 848
9 018
953
13, 943
9 374
888
12, 826
8,305
31,562
8,886
32, 396
9,992
30, 701
11, 943
26 817
13, 547
26, 510
10,408
23, 020
11,353
18 440
9, 745
20 547
9, 853
24,217
9,759
27 354
11,164
30, 499
.098
.098
.098
.103
.113
.113
.105
.105
.105
.102
.102
52, 355
1,181
979
174, 148
53, 816
675
883
181, 840
55, 044
822
849
171,114
60, 110
1,789
1, 195
151,030
59, 874
1, 610
789
125,924
51, 877
1,095
981
105, 015
55, 690
1,229
998
73, 948
52, 300
1, 520
779
81,755
53, 841
1,342
1,176
95, 461
53, 338
1,148
1 163
109, 174
56, 773
796
916
131,044
.093
.093
.093
.098
.103
.103
.095
.095
.095
.092
.092
25, 581
15,312
1,887
59 429
1.40
26, 949
13, 487
2, 403
59, 506
1.40
29, 147
21, 050
1, 339
58, 587
1.50
31,206
22. 938
1 409
53. 261
1.60
32, 452
26, 366
1,728
49, 306
1.60
28, 938
24, 649
1 685
45, 775
1.60
31, 065
25, 790
1 767
40, 503
1.50
26, 410
19, 567
1 688
39, 285
1.50
26. 072
15, 590
1,484
39, 628
1.50
25, 297
17 098
1 967
41 074
«1.80
26, 265
13,955
875
43, 848
'1.80
8, 199
7,937
8,788
8,044
8.186
8,435
8,909
8.741
7, 250
6,846
7.314
7,041
7,272
6, 386
7,437
6, 556
7,338
6,810
7,894
6 753
7, 528
6 892
4, 867
1,026
8,378
4,934
1,278
8, 237
4, 718
608
8,792
4, 968
1,477
8, 950
4,895
1,196
9,365
4, 614
1,040
9,588
5,027
1,333
9, 637
5, 052
1,422
9, 665
4, 953
1,318
9,404
4 921
1,559
9 068
5 232
1,478
9 032
p. 102
p
092
pl.80
.240
.240
.240
.250
.250
. 250
.250
.260
.260
.260
10, 655
9,986
9,424
9,579
6,626
10, 224
4,822
10, 948
4,546
12, 838
4, 363
14, 120
4,769
15, 266
7, 719
16, 830
9,449
17,037
11,042
15, 760
11, 776
14, 259
5,375
10,882
5, 538
13, 229
5, 573
15, 470
6 019
17, 681
6,260
16, 573
6,277
15, 271
6,990
16. 377
6, 591
9,631
6, 307
8,571
6 604
8'409
6 747
8 701
29, 095
28, 286
25, 190
20, 785
17, 721
15,861
13, 793
17, 382
21, 594
24 836
28 633
5, 885
2,087
3,798
6,492
2,403
4, 089
7,216
2,743
4,474
3,752
1,429
2,323
2, 866
1,009
1,857
2,632
995
1,637
3,322
1,224
2,098
3,746
1,417
2,329
4,017
1,403
2,614
5,268
1,743
3, 525
5, 981
2 006
3,974
6,002
2 079
3,923
6,738
2,567
4,171
86
168
1,721
87, 460
107
165
2, 211
95, 414
122
145
2,049
110,056
76
93
946
66, 612
51
59
813
61, 577
52
46
776
55, 940
63
56
1,046
71, 809
56
72
764
74, 876
48
89
1, 548
68, 471
62
106
1,386
81, 091
79
132
2,080
89, 640
78
112
1,739
92, 696
84
149
1,690
99, 991
. 250
p . 260
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of month
Waste paper:
Consumption
Stocks, end of month
3,536
3,424
4,920
3,337
3. 210
5,062
3,448
3,531
4,961
3,209
3, 268
4, 905
3,388
3,034
5, 173
3,577
3, 395
5,348
3,404
3,267
5,482
3, 432
3,498
5,406
3,199
3, 335
5,285
3,183
3, 469
4,954
3,442
3, 445
5,083
rr 3, 282
3, 124
' 5, 185
3,791
3, 545
5,416
796.2
513.9
784.5
524.5
815.5
549.6
745.8
552. 3
705.5
617.0
738.9
574.4
755. 6
555. 5
778.5
552. 5
753.1
556.8
770.4
540.0
781.8
538. 8
651. 2
543.8
783.1
541.7
tons.. 2,129.6
95. 0
do
1,216.0
do
209. 3
do _-
1, 999. 8
98.0
1, 123.4
195.2
2, 187. 7
96.7
1,259.3
221.3
1, 989. 8
92.6
1,132.5
201.5
1,891.8
84.2
1,044. 5
203.1
2, 109. 7
91.9
1, 199. 5
234.2
2, 034. 4
85.6
1,172.0
210. 6
2, 175. 9
95.3
1,255.9
218.2
2, 098. 8
88.5
1,195.9
231.8
2,165.5
108.0
1, 267. 9
213.4
2,157.0
96.3
1,266.2
211. 5
1,915.1
76.0
1,119.9
191.4
2, 196. 1
102. 7
1, 276. 7
208.1
270.2
116.2
222.8
255. 3
112.6
215.2
277.0
116.6
216.7
260.1
96.9
206.1
263. 0
92.3
204. 7
277.3
97.7
209.1
260.0
97.1
209. 1
278. 6
105. 5
222.3
268. 3
102. 8
211.5
262.2
103. 8
210.3
276. 3
101.0
205. 7
245.4
92.7
189.8
274.9
108. 6
225. 1
900.1
284. 1
542. 6
73.4
855.7
251. 6
531.5
72.6
857.3
256. 3
522. 7
78.3
874.8
270.0
526. 3
78.4
850.7
235. 3
536.7
78.7
861. 9
267.6
523.3
71.0
863. 5
284.4
505. 0
74.1
851.0
270.8
504. 0
76.2
879.9
283. 0
520. 2
76.7
912. 5
305.2
526.3
81.1
922.5
301. 8
535. 6
85.0
r 898. 9
' 300. 4
522. 3
76.2
039 7
317. 5
543. 3
71.9
do
do
do
57.1
23.3
33.8
76.0
36. 4
39.6
46.6
15.0
31.5
45.3
16.8
28.5
80.7
33.4
47.3
68.5
29.3
39.3
69.7
20.6
49.1
112.5
44.9
67.6
85.7
38.7
47.0
102.0
38.8
63.2
111.2
35.0
76.1
102. 7
33.9
68.8
99.5
32.0
67.4
__do
do
_ _ __ _ ..do
189.9
15.4
174.6
191. 8
15.9
175. 9
198. 1
16.4
181.7
232.8
16. 6
216. 2
203.8
18.3
185. 5
173.2
11.2
162.0
302. 4
14.5
287. 9
207.0
20. 9
186.1
184.9
14.3
170.6
193. 2
18.2
175.0
211.0
15.9
195.1
177.8
12.0
165.8
230. 1
15.4
214.7
thous. of cords (128 cu. f t ) _ _
do
_
__ . _ _ d o
thous of short tons
do
WOOD PULP
Production:
Total, all grades
thous. of short
Dissolving and special alpha
Sulfate. _ _ _
Sulfite
-
Groundwood
do
Defibrated o r exploded. _
___ _ . _ _ _ d o __
Soda, semichem., screenings, damaged, etc^do
Stocks, end of month:
Total all mills
do
Pulp mills
do
Paper and board mills
do
Nonpaper mills
~
do
Exports, all grades, totalf
Dissolving and special alpha
All other _
. _
Imports, all grades, totalt Dissolving and special alpha
All other
_
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
r 2, 947
2,901
3, 088
2,804
2, 630
3,027
2,896
2,845
2, 835
Paper and board, total
thous of short tons
2, 946
2, 960
2,936 r 2, 567
r
1,209
1, 267
1, 227
1,358
1, 320
1,370
1,218
Paper
do
1,277
1, 327
1,291
1,127
1,330
1 °93
1,373
1,177
1,317
1, 405
1,315
1,375
Paperboard
_ _
__do _..
1, 293
1, 295
1,315
1,332
1, 354 r 1,174
1, 364
r 14
14
12
14
12
11
10
13
Wet-machine board
do
13
14
14
MO
13
'293
312
233
250
253
269
299
262
Construction paper and board
_ _ do _
253
271
277
»-256
291
r
c
Revised.
p Preliminary.
Corrected.
a* See simila r note, p S-35.
tRe visions for 1958 will be shown later as follows: Aviation ga soline exj orts, disti Hate fuel oil imporl s, residua fuel oil i tnports, ti-ansfers fr om gasol ne plants5 (Januar7-Septem )er); distillate fuel oil exports (January-May and September); residual fu el oil expc>rts (May and June ); lubrica nts export s (Januar y-August ) ; wood p [ilp — expo rts (June £ind Aueus t), imporl s (February and November).
§ See last sentence of note "cf " for p. S-35.
SURVEY OF CURRENT BUSINESS
October 11H>()
S-37
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August September
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperboard (American Paper and Pulp Association):
Orders new 9
thous of short tons
Orders unfilled, end of month 9
-do __
Production
do
Shipments 9
do
Stocks end of month 9
do
Fine paper:
Orders new 1
do
Orders unfilled ", end of month
_ _ do___
Production
do
Shipments
do
Stocks end of month
do
Printing paper:
Orders new
lo
Orders unfilled, end" of month __ _ _. ___ do_ _
Production
lo_
Shipments
_
do_
Stocks end of month
lo
Price, wholesale, book paper, "A" grade, English
finish white f o b mill
dol per 100 Ib
Coarse paper:
Orders new
thous. of short tons
Orders, unfilled, end of month __
do_ _
Production
do
Shipments
- do
Stock^ end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
__
do_ _ _
Shipments from mills
do
Stocks at mills, end of month
_ do__
United States:
Production
do
Shipments from mills
_ _ _
do
Stocks at mills end of month
do
Consumption bv publisherscf
do
Stocks at and in transit to publishers, end of
month c?
-thous. of short tons _
Imports
do
Price, rolls, contract, delivered to principal ports
del. per short ton _
897.4
707.3
1, 102 8
915.4
560 4
896.7
708. 6
1, 067. 0
898. 3
566. 3
1, 008. 0
725.2
1, 191.8
990.8
580. 9
862.6
664. 4
] , 068. 2
905.6
581.4
845.1
621.8
3,044.6
860. 9
591.6
954.0
713.1
1, 146. 5
941.4
598. 5
954 3
698. 5
1 122 4
925. 2
612 0
1,050.0
734.6
1,202.1
999.5
621.8
995. 2
747.5
1,164.1
967.2
628. 9
950.6
703.6
1, 161. 6
977.5
630. 8
946. 7
703. 5
1, 130. 0
960. 4
635.3
849.0
701.0
786.0
791.0
550. 0
131. 5
88.4
145. 0
139 8
120.9
128.8
79.8
140.4
138 6
124.4
142. 9
74.4
151. 1
144 1
131.4
130.5
71.9
140. 5
132.7
143. 9
133.9
69 7
138.4
132. 1
150.8
151. 1
76. 5
151. 3
1 48. f>
148.5
152 1
81.4
148 6
149 3
151 2
159. 7
81.3
160.9
152 9
155. 8
152. 5
86. 2
155. 0
157 4
160. 7
145. 7
83.8
152. 4
145 3
164. 1
149. 7
86.7
151.2
152 0
166. 9
129.0
91.0
125. 0
132 0
150. 0
374.7
411.8
386. 3
383. 2
253.2
378.8
408. 0
376.7
374. 0
255.8
419.7
418. 5
413. 3
411.6
257.5
367. 1
385. 3
380.8
380.8
257. 5
378. 5
360. 8
381. 2
382.8
256.0
397.0
428. 9
401.0
394.8
262.3
402 6
404.3
389.9
385.9
266 2
451. 1
425. 9
423.6
418.3
271.5
407.9
410.5
403. 0
401.8
272 7
390.9
385. 6
403.0
401. 6
274 1
424 0
411.4
397 7
397.8
273 9
412.0
440.0
362. 0
362. 0
274 0
16.45
16. 45
16. 45
16. 45
16. 45
16. 62
16 62
16. 62
16 78
16 95
16 95
16.95
329. 5
157. 4
334. 6
328. 6
111. 1
333. 1
173. 6
322. 6
326.4
109.8
374.9
182.2
363. 8
365. 5
113.3
306. 1
162. 4
314.3
330. 4
106. 1
274. 1
146. 7
294. 0
287. 7
108. 8
338. 7
162. 6
334.5
330. 6
113.0
336 6
166. 0
337 1
329.8
119 4
371.2
182.4
358. 6
359.9
122 0
374.1
203. 9
348 3
347.9
119 8
351 9
187.2
363 5
369. 6
115 0
311.2
159. 5
342 3
349.4
120 5
308.0
170.0
299.0
297. 0
126.0
541.5
531.1
235.2
532. 8
560. 6
207. 5
593. 2
602.6
198.2
563. 3
594. 5
166. 9
538. 5
551. 8
153. 6
527. 4
493.8
187.3
533. 6
494.8
226.0
575.0
517 9
283.2
547. 1
589 0
241.3
563. 1
569. 5
234. 9
506. 3
593. 2
208.0
555. 9
561 . 5
202.4
570. 2
551. 8
220.8
173.8
167.7
27.8
149.2
155. 6
21.3
177.3
179. 5
19.2
169. 0
169.9
18.3
167. 2
167. 3
18. 1
179.4
167. 0
30.5
1 57. 1
155. 6
32 0
172 3
166 0
38 4
16« 7
173 5
33 6
173 3
171.5
35 4
171 2
174.3
32 3
157. 2
155.9
33 6
179 9
171.5
42 0
423.0
449.0
492.4
487.5
459.1
431.6
416.4
469 9
476 9
510 4
461 9
419 7
420 4
642. 8
660.4
646.2
644.7
658.8
651.8
670.1
646.1
651.1
593.2
C05. 3
623.7
646.0
p 16 95
434.4
462. 1
460.5
488. 8
513.4
370.9
427.6
456 7
432.2
480 6
476.1
411 1
486 3
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
p 134. 40
1,463.5 1, 293. 5
483.2
438. 8
1, 484. 8 1, 334. 9
94
97
1,269.1
424.8
1, 288. 6
80
1,266.3
462.2
1, 234. 1
92
1,324.1
441. 1
1, 339. 2
95
1, 436. 1 1, 330. 1
467. 1
321.3
1, 434. 4 1,341.2
93
92
1, 368. 2
480.5
1, 355. 8
92
1 351. 5
450. 2
1 366.6
93
1, 191. 1
457.8
1, 159. 6
77
1,409.5
418.4
1,426 0
93
10, 597
8,447
8,635
8,455
8,604
9,544
8,946
9,041
9, 195
8,239
r
133.6
123.1
130.2
113.7
121.8
136.4
120.0
125.8
130.2
105. 1
v 128. 7
1, 586
2 1, 372
2
214
1, 185
955
230
3 560
471
389
1, 354
1, 116
2
238
984
805
179
1, 264
989
275
1 797
1,2 481
316
1 241
1,006
235
1 385
992
393
2
47 205
81 599
38 581
42 032
83 451
36 343
41 263
82 693
32 018
42 576
76 605
31 639
35 229
76 389
28 555
Paperboard (National Paper board Association):!
Orders, new
_ _ _ _ _ thous. of short tons__ 1, 395. 9 1,367.1
532. 0
507. 4
Orders, unfilled, end of month _
_ do _ „
Production, total
_ _ _ _ _ _ do_ _ 1,421.1 1, 367. 2
92
97
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
9,552
10, 080
shipments^ __
__mil. sq. ft. surface area..
Folding paper boxes, shipments, index of physical
136. 5
127.6
volume
1947-49=100-^
9, 864
1, 306. 8
429. 1
1, 314. 2
87
9, 651
PRINTING
Book publication, total
New books
New editions
_ _
number of editions
_ _ do_ __
do
2 1, 189
2946
2243
864
684
180
1 , 357
1,148
209
2
2
2
2
2
12 187
976
2 211
936
168
768
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
_
long tons
46. 914
Stocks, end of month.. _ _ _ _ _ _
_ do _
80, 106
Imports, including latex and guavule
do
45, 334
Price, wholesale, smoked sheets (New York)
.370
dol. per l b _ _
Synthetic rubber :
Production
_
_ _
long tons
119, 031
91, 141
Consumption
do
Stocks, end of month
do _ 183, 516
23 729
Exports
do
Reclaimed rubber:
Production
Consumption
Stocks, end of month
49, 252
78, 208
47, 643
49, 049
74, 172
48 378
42 039
78, 503
48 844
42 950
79, 405
47 443
46 354
76 156
34 795
46 022
75 320
40 949
.400
. 410
.475
.404
.415
119,847
96, 973
178, 300
30 634
128,532
98, 736
190, 607
17 984
124, 825
84 014
202, 057
24 432
125, 779
89 188
210, 996
32 590
130 742
95 133
26 442
26 540
29 031
26 965
25 944
28 653
22l' G92
29 283
.405
.403
126
93
221
29
334
203
183
814
131
uy
223
34
933
727
738
488
.404
.455
.460
895
252
511
018
126 804
9l' 993
227 332
31 114
122 547
95' 849
226 03?
29 508
6 209
24 210
30 916
25 676
23 763
32 611
9
5 429
24 677
3l' 699
410 863
120
90
221
37
9
37 258
89 385
39 5()7
.418
116
79
235
28
.368
584
413
693
780
121 635
88 578
242' 740
30 544
9
1 472
19 249
33 624
93 540
°1 452
33 979
4 9, 788
4
_ _ do
do
do_
25, 343
23, 601
26, 165
28, 197
25, 891
27, 384
28, 330
26, 312
27, 393
22, 585
21, 447
28, 526
23 783
23 218
29, 628
thousands--
9,683
10, 103
10, 884
8,347
9, 645
* 10, 325
4 10, 772
11,115
4
10, 517
4
10, 779
do
_ do
do
do
7,957
1,249
6, 595
114
9,298
2,345
6,819
135
10, 269
2, 966
7, 166
136
6, 458
1, 440
4,898
120
7,942
3,197
4, 565
180
411,322
4 333
6, 833
156
4 10, 179
3 996
6,047
136
4 9, 737
3 753
5, 827
157
4 11,114
3 584
7,348
182
4
11,188
411,507
3 794
3 449
7,306
7,884
157
174
410,113
2 735
7, 228
150
48,941
1 578
7^213
151
do
do
21 , 730
91
22, 542
91
23,151
98
25, 133
97
26, 933
108
4 25, 943
145
4 26, 473
125
* 27, 921
125
4
4
26, 967
143
4 26, 359
146
4 26, 108
119
4 26, 298
104
_ do _
do
do
do_
3, 716
3,583
7,848
67
4,065
3,693
8,334
77
4,392
3, 91 5
9 088
73
3, 756
3,097
9 918
3 612
3 135
10 536
83
3 899
5 391
8 924
85
4 043
4 Oil
9 002
78
4 241
3 282
10 113
112
3 611
3 330
10 852
135
3 496
3 547
10 700
113
3 261
T 3 440
10 6279
10
3 017
3 308
10 954
107
29 100
26 625
29' 719
. 350
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export.
__ _
_ _ _
Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production.
___
Shipments
Stocks, end of month
Exports (Bur. of Census)
. _ _ _
_
r
_
71
4
27, 401
159
3 698
3 306
10 495
146
r
9, 147
2
Revised.
» Preliminary.
1 July data exclude estimates for tissue and miscellaneous papers.
Data for months noted4 cover 5 weeks; other months, 4 weeks.
3 Beginning
January i960, data are based on a new definition of a book and are not entirely comparable with those for earlier periods.
Motorcycle tires are included beginning January 1960.
9 Data exclude estimates for "tissue paper."
c?As reported by publishers accounting for about 75.5 percent of total newsprint consumption in 1958.
i Minor revisions for January
1957-March 1959 will be shown later.
October 1960
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
August September
April
May
June
July
31 982
88
32, 964
33 270
92
36, 623
36, 611
27, 532
33 258
23 395
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement Percent of capacity _
Shipments, finished cement_
Stocks, end of month:
Finished
Clinker
- _
_ __ thous. of bbl
_-thous. of bbL
-
__ _ _
do_ _
do
34, 800
100
37,111
32, 590
97
35, 351
31, 127
89
32, 523
26, 100
77
22, 219
24, 111
69
20, 577
18, 669
53
12, 909
16, 080
49
14, 698
18, 422
53
17,812
27, 015
80
27, 638
31, 832
88
30, 468
31, 930
91
34, 363
28, 102
16, 078
25, 308
13, 516
23, 913
11, 681
27, 794
13, 169
31, 328
16, 506
37, 284
38, 553
27, 382
39, 165
33, 474
38, 721
33, 545
40, 101
33, 049
37, 667
30, 488
686. 8
48.4
199.2
689.8
654.1
43.9
186.5
542. 9
35.2
146.2
464. 1
33.8
131.3
351.3
33.9
107.0
370.5
33.6
106.0
391. 4
35.5
116.0
644.2
45.6
194.4
672.8
685.6
21,939
r
r
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face1)
mil. of standard brick. _
Structural tile except facing
thous. of short tons
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent-.
Floor and wall tile and accessories, glazed and unglazed
_
mil. ofsq. ft .
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49=100-.
49.5
175.4
50.1
177.0
47.5
190.8
588.3
45.3
179.8
36.3
35.1
37.8
31.1
30.3
26.1
26.6
27.2
31.6
36.6
37.9
22.0
22.3
24.0
20.6
20.4
18.7
18.4
20.3
19.2
20.4
22.1
19.4
139.2
139.4
139.4
139.4
139.9
140.6
140.6
140.6
140.6
141.2
141. 3
141.3
141.6
35.8
.
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total) d"
thous of dol
Sheet (window) glass shipments
do
Plate and other flat °"lass shipmentscf
do
Glass containers:!
Production
thous of gross
Shipments domestic, total
do
General -use food:
Narrow -neck food
do
Wide-mouth food (inch 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 end of month
do
do
do
- do
-do _
do
_
do
75, 586
25, 857
49, 729
78, 796
77, 456
35 864
41, 592
34,911
43, 885
63, 493
22 801
40, 692
15,019
11,872
13, 508
12, 246
11,310
12, 755
13, 131
13, 708
12,693
13, 514
14, 806
14, 185
15, 671
19, 843
12, 326
11,942
9,316
10, 403
10, 989
11,216
12, 887
12,601
13, 959
14, 164
12, 626
16, 12
2, 850
1,659
1,037
853
910
1,108
1,190
1, 406
1,306
1,343
1,337
1,322
2,225
6,027
3,947
3,577
2,756
3,144
3, 382
3,329
3,620
3,268
3, 591
3,891
3, 610
4,638
1, 054
1,662
626
838
1,402
3,170
1,120
172
625
609
887
2, 681
766
139
983
808
936
2, 550
890
181
632
838
965
4,184
1, 54-5
277
598
1, 015
1,280
2, 502
1,113
203
2,848
580
838
1,114
1,285
1,443
1,292
2,771
1,101
135
1,517
2, 054
1,218
1,641
1,968
1,295
1,172
1,800
993
848
2, 299
1,267
1,070
123
957
1,161
1, 337
3,137
1,137
132
13, 748
12,785
14, 113
16, 731
17,312
19, 123
20, 423
20, 963
20, 986
20, 358
2,244
1,075
141
2,972
2,905
1,199
132
2,779
1,122
131
20, 681
2,594
1,005
130
3,406
1, 242
201
22, 061
21, 500
GYPSUM AND PRODUCTS?
Crude gypsum, quarterly total:
Imports
thous of short tons
1,890
1,624
2,649
1,158
2, 145
1.133
2, 626
2,611
2,166
2,057
2,374
3,059
Gypsum products sold or used, quarterly total:
Industrial uses
Building uses:
Plasters:
do
1,045
83
1,069
82
724
76
1 058
70
All th
do
400
379
317
310
279
261
317
316
682 7
1, 691. 0
76. 1
1, 442. 5
58.7
456. 2
514 7
1, 533. 7
72.9
(\ P! "K~ppnr>'<3 ppmpTit^
Lath
Wallboard
All other§
mil of sq ft
do
do
529.2
1,290.4
47.2
TEXTILE PRODUCTS
APPAREL
Hosiery shipments
Men's apparel, cuttings:tA
Tailored garments:
Suits
Overcoats and topcoats
thous. of dozen pairs
14, 457
thous. of units
_ - do_ _ _
1,800
608
Coats (separate), dress and sport
__
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
948
8,000
Women's, misses', juniors' outerwear, cuttings:A
Coats
thous. of units_Dresses
- - - - do __
Suits
- -do
14,606
1
1
1
14, 207
12, 962
11, 894
11, 567
11,866
13, 025
11,930
11,891
13, 663
11,217
13, 536
2, 035
'630
1,772
492
1,804
336
i 1,955
1300
1,828
224
1,836
256
i 2, 085
i 435
1,968
476
1,896
512
i 1, 885
1460
1,032
336
1,780
548
!985
9, 025
904
8,876
904
7,780
i1 1,125
7, 850
888
8,024
904
8,592
1895
i 9, 035
896
8,236
956
8,600
i] 1, 055
8, 935
576
6,812
944
8,520
2, 045
2,004
1,980
i 2, 010
1,980
1,964
i 2, 365
2,160
2,048
i 2, 270
1,424
2,072
312
344
1355
1360
348
324
276
292
i 295
1355
268
328
296
348
1280
1365
264
364
296
344
1265
1355
196
248
280
352
2,223
19, 253
818
2,223
18, 760
571
2,365
19, 720
589
2,403
19, 467
662
1,507
18, 405
786
1,892
19, 185
1,280
2,308
22, 033
1,301
2,078
26, 974
1,013
942
27, 625
593
841
26, 037
440
1,832
20, 371
709
2,127
15, 861
800
2,693
21, 600
870
1,804
1,141
998
1,227
1.402
1,507
1, 456
1,244
1,318
1,547
1, 515
1,253
1,223
1,383
Waists, blouses, and shirts
thous. of doz_.
674
536
880
828
704
850
925
804
877
873
866
934
996
Skirts
do_--_
r
Revised.
i Data cover a 5-week period,
cf Revisions for 1957-2d quarter 1959 will be shown later.
{Revisions for January 1958-February 1959 for glass containers appear in the May 1960 SURVEY; those for gypsum and products follow (units above): 1st quarter 1959—crude production,
2,341; uncalcined uses, 798; all other building uses, 51.2; 2d quarter 1959—uncalcined uses, 1,078.
§ Comprises sheathing, formboard, and laminated board.
i Data for September and December 1959 and March and June 1960 cover 5-week periods and for other months, 4 weeks.
ARevisions for January 1957-July 1958 are available upon request.
SURVEY OF CURRENT BUSINESS
October 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-39
1959
1960
DecemAugust SeptemOctober November
ber
ber
January
~ f March
April
June
May
July
August September
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
G innings §
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption^
do__
Stocks in the United States , end of month,
totalt+
do_Domestic cotton total
do
On farms and in transit
_ _ _ __do
Public storage and compresses
do___
Consuming establishments
do
Foreign cotton total
do__
Exports^
do
Imports
do
Prices (farm), American upland
cents per lb._
Prices, wholesale, middling 1", average 14 markets
cents per lb._
Cotton linters:
Consumption^
thous. of bales
Production |
do
Stocks, end of month | _
do__
1,044
713
' 4, 446
4
863
9,712
732
22, 557 rr 21, 476 rr 20, 357
22, 453 21 379 r20 270
14,041 ' 10, 973
6,912
7,614
12, 423
9,706
798
935
700
104
86
98
1 14, 089
13 372
*800
725
r
T
2
18, 986 r 17,464
18 907 *• r17 396
r
3, 487
2 201
14, 195
13, 656
1 539
1,225
79
68
14, 356
735
r
r
3
14 515
3
144 558
888
731
r
r
15, 627 rr 14, 068
15 563
14r 008
T
952
1 505
12, 301
11,140
1 916
1 757
60
63
12, 424
12r 371
687
9,731
1 953
52
140
710
708
r
4
r
r
858
r
441
8,634
1 935
46
9, 828
9r 785
304
7,678
1 803
42
rr 8, 483
8, 446
'201
6, 664
1,581
38
11,056
r 11 010
T
823
562
685
7, 559
7 526
215
5,916
1,395
34
21, 038
20, 937
13, 940
5,864
1,133
101
3 630
s 14 553
98
98
33.5
230
24
33.1
32.5
30.9
728
2
30.1
1,109
2
29.3
839
6
28.1
767
4
28.2
669
3
29.0
524
1
29.4
501
2
29.7
676
1
31.4
114
90
32.3
32.2
32.0
31.8
31.7
31.6
31.8
31.9
32.0
32.0
32.1
32.2
32.2
32.0
30.8
30.5
110
46
M66
4 140
154
442
115
234
497
108
219
558
4131
197
585
115
190
609
108
173
633
124
160
653
103
113
625
106
73
578
120
52
500
72
42
463
88
44
405
19, 258
17, 613
19, 292
17 652
19, 273
17, 648
19, 308
17 696
19,326
17 709
19 365
17 678
19, 358
17 665
19 299
17 602
19,310
17 599
19,315
17 589
19, 325
17,604
19, 228
17 529
19, 266
17, 561
9,715 4 11, 930
486
477
8,817 * 10, 946
9,970
499
9,118
9,880 411,039
442
494
9,051 4 10, 157
9 995
500
9 144
9, 985
499
9,131
12, 143
486
11, 126
9,844
492
8,989
9,827
491
8,964
11, 740
470
10, 737
7,933
397
7.211
9,418
471
8,605
692
948
.692
.946
692
946
675
.946
.668
.943
.661
.941
p . 651
v . 936
392
9
652
(6)
4
4
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :1ft
Active spindles last working day, total
Consuming 100 percent cotton
thous
do
Spindle hours operated, all fibers, total
millions
Average per working day
do
Consuming 100 percent cotton
__do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
20/2 carded weaving
dol per Ib
86/2' combed knitting
_
_ do
.676
.936
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production, quarterly J
mil. of linear y d _ _
ExportsJ
thous ofsq yd ~~38~ 203"
17, 244
ImportsJ
do
Prices, wholesale:
30.36
Mill margins
cents per Ib
36.4
Denim white back, 10 oz./sq. yd.
cents per yd
16.5
Print cloth 39-inch 68 x 72
do
17.3
Sheeting class B 40-inch 48 x 44-48
do
.681
.938
.685
.946
.685
.948
685
.948
* 2, 370
37, 081
20, 349
44 789
27, 671
37, 396
33, 791
r 2, 445
44 728
41, 325
31.41
36.4
16.5
17.3
32.61
36.4
17.0
17.3
33.04
36.4
18.0
17 5
33.20
37.4
18.3
17 5
4
4
' 2, 479
42 090 ~~35~ 492"
45 824
39, 948
47 521 ~~38~699~
41, 454
38 472
33.67
37.4
18 9
17 5
34.18
37.4
18.9
17 5
34 12
38.3
18 9
17 5
33.43
38.3
18. 1
17 5
36, 772
35, 877
32.77
38.3
18.0
17 5
4
4
. 661
.938
2,426
33, 620 ~~41~045~ "24~685~
38, 348 37, 632
50, 720
32.85
38.3
18.0
17 5
32.60
38.3
18.0
17 5
32.92
v 38. 3
v 17. 5
p 17.4
482.2
172.2
79 7
182.5
7 53.3
7 26 9
7 55.0
725.0
32.04
MANMADE FIBERS AND MANUFACTURES
Fiber production quarterly total 9 t
mil
Filament varn (rayon and acetate) _
Staple incl tow (rayon)
Noncellulosic (nylon acrylic protein, etc.)
462.8
181.3
79.7
158.6
476 0
178 8
79 9
168 8
8,672
4,463
3,902
550
12,211
4,890
2, 059
334
7,412
5,538
2,869
208
8,627
6, 661
5 383
571
9,700
4 505
3 846
244
7 717
4,864
3 141
337
5 832
5,184
2 989
604
9,068
7 468
4 349
599
5 780
6,432
3,341
353
5,867
7,013
3,716
492
4,362
8, 513
4 391
314
3 532
9,091
3,042
477
4,161
mil oflb
do
44.5
51.8
47.7
54.7
48.4
55.9
50 1
56.1
56 3
55.0
56 9
52 1
58 2
51 4
61 7
53 3
63 7
55.1
64 4
55 9
58 5
59.7
62 8
65.2
65. 5
61.0
dol per Ib
do
.82
.33
.82
.33
.82
.33
.82
.33
82
.33
82
33
82
.33
82
.33
82
.30
.82
.29
82
.28
.82
.28
v 82
v .28
Exports* Yarns and monofilaments
Staple tow and tops
Imports* Yarns and monofilamentsj
Staple tow and topsj
thous. o f l b
do
do
do
Stocks, producers', end of month:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
Prices, rayon (viscose) :
Yarn filament 150 denier
Staple, 1 5 denier
481.3
191.0
89.5
166.8
oflb
do
do
do
4, 853
2. 539
520
Manmade-fiber broadwoven fabrics:
Production, quarterly total 9 t thous. of linear yd
Rayon and acetate (excl tire fabric)
do
Nylon and chiefly nylon mixtures
do
604,881
391,940
* 81, 880
r
609, 881
368, 512
90 395
629 397
'386
652
r
86 755
622, 539
393, 864
81 461
thous. of sq. yd
13, 775
16, 023
15,764
14, 263
14 835
13, 719
13 642
13 283
13 975
12, 604
12, 592
11, 151
11,301
thous o f l b
dol per Ib
thous of linear yd
736
4.12
1,097
4.09
7, 683
663
4.14
937
4.32
814
4 51
9,009
624
4 56
438
4 43
526
4 27
7,775
560
4 34
415
4.37
608
4 52
6,819
594
4.59
938
p 4.79
Wool consumption, mill (clean basis) :tJ
Apparel class
_ thous. of Ib
Carpet class
do
>•r s 21,303
8 13,676
r
4 25,272
ri
* 20,486
4 15 808
20, 552
16,457
20, 390
15 043
423,164
16, 205
20, 017
13, 647
21, 153 4 26, 264
11, 702 4 11, 477
18, 639
9.008
20, 395
14, 095
Exports, piece goods
SILK
Imports rawf
Price raw AA 20-22 denier
Production, fabric qtrly total J
WOOL
15,613
*r 20, 497 '18,068
12, 301 r 11, 241
r
r
4
19, 205
14 730
25 212
19 453
18 837
15 868 24 134
18 954
23 295
20 565
Wool imports clean con tent J
do
21 465
22 392
28 013
7,800
9,885
7.597
7,646
7,367
6,057
10, 466
Apparel class (dutiable), clean contentj
do
6,573
9,758
11,151
8,557
9^046
9' 835
2
5
* Revised.
p
Preliminary.
1
Ginnings
to
December
13.
Ginnings
to
January
15.
3
Total
ginnings
of
1959
crop.
4
Data
cover
a
5-week
period.
October
1
estimate
of 1960
6
crop.
Less than 500 bales.
7 Data are for month shown.
» Revisions for January-July
1959 (thous. Ib.): Apparel—19,420; 19,750; 24,955 (5 weeks); 22,379; 22,219; 26,569 (5 weeks);
9
20,325; carpet—14,929; 14,953; 17,342 (5 weeks); 14,380; 13,331; 14,731 (5 weeks); 9,700.
Revised 1st quarter 1959, 78,379 thous. yd.
§ Total ginnings to end of month indicated, except as noted.
1 Data for September and December 1959 and March and June 1960 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period
covered.
9 Includes data not shown separately.
^Scattered revisions for 1957-58 are available upon request.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October 1960
1959
1960
DecemAugust ' klem" October November
ber
January
F
U
|ry "
March
April
May
June
July
August
Se
^m"
TEXTILE PRODUCTS— Continued
WOOL AND MANUFACTURES
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
__ _ d o l . p e r l b _ _
Graded fleece 3/8 blood
do
Australian C4s 70s good topmaking, in bond do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
1947-49=100
Woolen and worsted woven goods, except woven felts:
Production quarterly totalt
thous o f l i n . v d
4pparel fabrics total
do
Other than Government orders total
do
!Men's and hovs'
do
Women's and children's
_
_ - do __
Prices, wholesale, suiting;, f.o.b. mill:
Flannel, men's and boy's
1947-49=100..
Gabardine women's and children's
- do
1.325
1. 115
1.125
1. 305
1.098
1. 135
1.275
1.072
1.125
1.275
1 112
1. 125
1.275
1. 125
1. 162
1.275
1. 125
1.175
1.230
1 080
1.175
1.225
1.075
1.175
1.182
1 095
1.212
1.160
1 090
1.225
1.155
1.088
1.225
1. 125
1 070
1 225
1 125
1 065
1 175
106.0
107.2
104. 7
102.2
103.5
104.7
104.7
103.5
102.2
102.2
102.2
102 2
101 0
' 106. 3
92 4
106. 3
92 .4
80, 882
79, 135
78, 924
32 741
46, 183
105. 4
92.4
108. 1
92.4
74,011
72 624
71.820
32 336
39, 484
70, 933
69, 254
69, 145
29 216
39, 929
108.1
92.4
108.1
92.4
108.1
92.4
108.1
92.4
108.1
92.4
108.1
92.4
1 125
1 065
1 175
80, 733
79, 317
78, 467
32 302
46, 165
108.1
92.4
108.1
92.4
108.1
92.4
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders, new (net), quarterly total
mil. of doL
Sales (net) quarterlv total
do
Backlog of orders total end of Quarter
do
For U S military customers
do
Civilian aircraft:
95, 280
Shipments
thous. of dol.
Airframc weight
thous. of lb_. 2, 286. 9
14,414
Exports (commercial and civilian)
thous of dol
2,015
2 845
12,058
5 842
3,110
3,028
12,120
5, 452
2, 865
2, 732
12. 220
5 783
2,607
2 836
11 991
5 229
75, 950
1,772.1
13, 897
103,646
2, 434. 5
15, 541
76, 911
2, 048. 9
15, 234
111,545
2, 605. 1
32, 651
90, 299
96, 320 112, 721
2, 262. 4 2, 647. 6 2, 187. 5
21,928
48, 078
11,926
127, 183
2, 662. 6
54, 811
131, 262
3,159.7
79, 413
109, 704
2, 429. 1
37, 985
119 96^
2. 495. 8
72, 573
97, 534
2, 031. 7
46, 641
316,060
82
58
255, 831
252, 556
60,147
47, 959
309,117
134
134
229, 410
220, 621
79, 573
64, 568
632, 420
268
268
537, 1 59
523, 500
94, 993
81,652
321, 980
179
169
267, 829
259, 633
53, 972
38,003
548, 320
286
187
475, 382
462, 831
72, 652
62, 313
792, 351
371
338
676,712
661, 103
115.268
96, 178
782, 758
241
241
656 579
640, 924
1 25, 938
102,305
791, 239
340
303
659, 730
644, 780
131, 169
105, 438
703, 002
366
362
588, 046
576, 817
114,590
92, 557
725, 665
451
432
607, 191
596, 861
118,023
91, 268
717, 366
364
359
605, 582
596, 296
111,420
89, 022
501,223
424
414
421.355
414, 787
79. 444
64, 053
390, 326 pi487.000
358
p!360
347
324, 020 ^'•408,000
320, 681
65, 948 pi 78.700
53. 331
do. _
do _ _ _
do
do
do
16, 869
5. 160
11,709
50, 181
49, 120
16, 860
6, 359
10, 501
55, 221
53, 331
21,859
10, 957
10, P02
54, 045
52, 479
25, 975
10, 500
15,475
54, 861
53, 641
18,005
8.190
9,815
74, 453
71,838
24, 749
12.311
12.438
51, 200
50, 354
29, 652
13, 422
16,230
68, 469
66, 242
31,771
13,050
18,721
69, 856
67, 461
29, 468
11,626
17, 842
58, 241
56, 659
31,107
9, 526
21, 581
51,208
48,153
29,216
7,418
21, 798
38, 077
35, 355
26. 081
6,460
19,621
34.265
30, 988
31,485
4, 386
27 099
22, 187
20, 737
do _
do
do
5, 542
3,347
416
5, 989
3, 766
784
5, 328
3,260
641
5, 735
3, 814
535
6, 088
4,044
595
6, 145
3, 903
590
6, 534
4,023
497
7,020
3,990
688
5, 890
3,389
998
5. 427
3,241
628
5, 284
3, 096
719
3.946
2, 391
491
4, 129
2,511
665
532, 279
88, 137
457, 285
78, 784
533, 682
78, 807
426, 929
>• 74, 178
429, 500 M30.116
61,985 3 58, 234
494, 178
69, 588
596, 669
89, 627
647, 287
95, 009
647, 055
93, 460
595, 864
85, 535
546. 535
79, 674
525 400
81, 440
5 003
3 688
3 668
1 315
1 653
1 653
1 653
0
37. 202
17, 546
17, 516
19, 656
2,615
1,516
1, 506
1,099
943
941
941
2
35, 646
16, 988
16, 968
18, 658
2,284
1,329
1,329
955
2,722
2,722
0
36, 2H)
18.403
18.383
17, 810
2, 869
1 , 633
1,613
1 , 236
r
5, 741
3, 932
3, 932
* 1, 809
48, 369
24.848
H 649
23. 521
7,901
5, ] 38
5, 138
2,763
3,211
1,398
1,398
1,813
46, 522
22,915
22, 71 6
23, 607
5, 950
4,408
4, 408
1,542
1,961
1,841
1,837
120
42, 334
20, 149
19,946
22, 185
5, 569
4,200
4, 200
1.369
5, 541
4, 546
4. 546
995
41, 206
20, 485
20, 282
20. 721
5,931
3, 550
3, 550
2,381
2, 221
1,662
1,650
559
36, 321
18, 607
18, 392
17 714
6, 042
3. 697
3, 697
2, 345
311
244
244
67
29, 770
14, 349
14, 134
15,421
3 968
2, 5,'6
2,481
1 412
1, 306
647
647
659
26 798
12, 440
12 300
14 358
4 180
2,371
2,315
1,809
1, 344
709
708
035
23 951
10, 773
10, 688
13 178
4
4
153
6
6
2198
2198
15
15
M87
2
187
14
14
177
2 177
228
228
149
149
9
9
282
282
18
18
282
282
12
12
315
315
21
21
294
294
24
24
270
270
13
13
282
282
7
7
315
315
27
27
288
288
1,702
8.4
1,695
8.5
1, 694
8.3
1, 688
8.0
1, 678
7.2
1,676
7.3
1, 675
7.5
1,676
7.6
1, 674
7.7
1, 673
8.1
1,674
8.2
1 672
8.6
1, 672
8.8
38
23
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks, total
___
Domestic
_ _
.number.
do
do
do
do _
do
do
.__
Exports, total!
_
Passenger cars (new and used). _ _ _
Trucks and buses
Imports (cars, trucks, buses), totalcf J
Pn^enger cars (new and used)^
Production, truck trailers:A
Complete trailers, total
Vans
_.
Chpssi* van bodies for sale Q er>flratelv
Registrations: O
_
New commercial carst _
__do_ _ _
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
number
EQuipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
New orders total J
do
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
Unfilled orders end of month, total
do
Equipment manufacturers, total
do
Domestic
do
Railroad and private-line shops domestic do
Passenger cars (equipment manufacturers) :
Shipments, total
_
do _
Domestic
do
Unfilled orders, end of month, total
do
Domestic
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month
thous
Held for repairs, percent of total owned . _
Locomotives (class D.Diesel-electric and electric:
Owned or leased, end of mo No. of power units
Serviceable end of month _ _ _
do
Installed in service (new) quarterly total do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types)
number
2
153
2
2.218
3,127
1, 226
1,681
1, 586
1, 226
992
1, 446
2,424 r 10, 754
1,274
r 5, 764
1,274
r 5, 565
1,150
4,990
36, 575
44, 089
18, 377
22, 547
18,357
22, 328
18, 198
21,542
2
8
15
28, 765
27,221
95
311
28, 815
27, 439
134
314
28, 706
27,019
206
229
42
57
52
67
43
48
28, 898
27, 420
145
175
68
53
68
r
Revised.
*> Preliminary.
1 Preliminary estimate of production.
2 jn addition to unfilled
orders reported by equipment manufacturers, railroad company shops reported unfilled
3
orders for 10 cars (March-November 1959); shipments of these cars were made in December 1959.
Figures for one State are incomplete,
cf Data cover complete units, chassis, and bodies.
A T»
:_;
j?._
-ini-T /
,j_ r_
j _ . _ . _-u . . - K I _
i,_j,'_^\
. i l n l - i l n nr->/~in r-onn/icf
anuary 1959 and January 1960, respectively.
exports and imports (1958), truck registrations (1958-May 1959), and for freight car new orders (1955-58)
are available upon requcou.
§ Excludes railroad-owned private refrigerator cars.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-5
6, 7
7,8
9-11
Employment and population
11-15
Finance
16-20
International transactions of the U.S
21,22
Transportation and communications
23,24
Industry s
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25, 26
26-30
30,31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing
31
32-34
35,36
36,37
Rubber and rubber products._
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
..
40
—
_
INDIVIDUAL SERIES
Advertising
--9
Agricultural loans and foreign trade
16, 21, 22
Aircraft and parts
3,12,13,14,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages—
7,9,26
Aluminum
33
Apparel
2,3,6,7,9,10,12,13,14,15,38
Asphalt and tar products
35,36
Automobiles.
3,9,12,13,14,15,17,22,40
Bakery products
12,13,14
Balance of payments
21
Banking
14,16
Barley
-27
Barrels and drums
.
_.
32
Battery shipments
34
Beef and veal__
28
Beverages
3,4,7,9,12,13,14,15,26
Blast furnaces, steel works, etc
12,13,14
Blowers and fans
34
Bonds, outstanding, issued, 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
8,9,10,36
Building costs
_
_
8
Business incorporations (new), failures
5
Business sales and inventories
4
Butter
-_27
Cans (metal), closures, crowns
32
Carloadings
--23
Cattle and calves
_28
Cement and concrete products
7,8,38
Cereal and bakery products
6,12,13,14
Chain-store sales, firms with 4 or more and
11 or more stores
10
Cheese
27
Chemicals
3,4, 5, 6,12,13,14,15,19, 22, 24
Cigarettes and cigars
.
7,30
Civilian employees, Federal
12
Clay products
7,38
Coal
3,4,6,11,13,14,15,22,23,35
Cocoa
-_ 22,28
Coffee
22,29
Coke_
23,35
Communications.
_
12,13,14,15,19,20,24
Confectionery, sales
29
Construction:
Contract awards —
.
8
Costs
_
8
Dwelling units
_.
7,8
Employment, hours, earnings., wage rates. ..
12,
13,14,15
Highways and roads..
7,8,15
New construction, dollar value
1,7
Consumer credit
17
Consumer goods output, index
2,3
Consumer expenditures
1,9
Consumer price index
_
6
Copper.
22,33
Corn
.
... 27
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures__
_ 6,7,22,39
Cottonseed, cake and meal, oil
30
Credit, short- and intermediate-term
17
Crops
2,6,27,30,39
Crude oil and natural gas
3,11,13,14,15,35
Currency in circulation
18
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug-store
sales
Dwelling units, new.
2,6,26
16
_
17
10,11,17
16,18
15
_
27
2,19, 20
10
7,8
Earnings, weekly and hourly
.
14,15
Eating and drinking places
10
Eggs and poultry
._ 2 , 6 , 2 8
Electric power
3,6,26
Electrical machinery and equipment
3,
4,5,7,12,13,14,19,22,34
Employment estimates and indexes
11,12
Employment Service activities
15
Expenditures, U.S. Government
.
17
Explosives
25
Exports (see also individual commodities)
21, 22
Express operations
23
National income and product
1
National parks, visits
.
24
National security expenditures
> _ _ 1,17
Newsprint
____
_.-- 22,37
New York Stock Exchange, selected data...- • 19, 20
Nonferrous metals
.
... 7,19,22,33
Noninstallment credit.
—
17
Failures, industrial and commercial
5
Farm income, marketings, and prices
1,2,6
Farm wages
15
Fats and oils, greases
6, 29,30
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
29
Flaxseed
30
Flooring, hardwood
31
Flour, wheat
28
Food products
__ ,
3,4,
5,6,9,10,12,13,14,15,18,22,27,28,29,30
Foreclosures, real estate
8
Foreign trade
21,22
Foundry equipment
„
34
Freight carloadings
,
23
Freight cars (equipment)
3, 40
Fruits and vegetables
_
6, 22, 27
Fuel oil
.
35,36
Fuels
3,6,35,36
Furnaces
3*
Furniture
3,4,6,9,10,12,13,14,17
Furs
.
.... 22
Paint and paint materials.
,__ 6,25
Panama Canal traffic
,
,.
•.*__,
23
Paper and products and pulp
3,
4,5,7,12,13,14,15,18,22,36,37
Parity ratio
.
.._
6
Passports issued.
.
;_ 24
Payrolls, indexes
.
13
Petroleum and products
,_.,.-._
3,
4, 5,6,12,13,14,15, 19, 22,35,36
Pig iron
'.__
32
Plant and equipment expenditures
> _ 2,19
Plastics and resin materials
.
.__
25
Plywood, hardwood_
_.__
31
Population
._..__
11
Pork
_
___..._.
28
Postal savings
...
».._
16
Poultry and eggs
__.
2,6, 28
Prices (see also individual commodities)..___
6
Printing and publishing
3,12,13,14,15,37
Profits, corporate
.
1,18,19
Public utilities
2,3,6,7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
>.,_
36
Pumps
, .:
34
Purchasing power of the dollar
„
._
7
Gas, outpiit, prices, sales, revenues
Gasoline
Glass and products
Generators and motors
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products.
3,6, 26, 27
9,35,36
38
34
24
18,21
6,22, 23,27,28
10
1
1
_ 7,38
Hardware stores
.
_ . 9,10
Heating apparatus
7,34
Hides and skins
7,30
Highways and roads
7,8,15
Hogs
.
28
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
38
Hotels
.... 12,13,14,15,24
Hours of work per week.
_
13
Housefurnishings
,
6,9,10
Household appliances and radios
3,6,9,10,34
Imports (see also individual commodities)
21,22
Income, personal
1
Income and employment tax receipts
17
Industrial production indexes:
2,3
By industry
By market grouping
_
2,3
Installment credit
17
Installment sales, department stores
11
Instruments and related products
3,12, 13,14
34
Insulating materials
Insurance, life
17,18
Interest and money rates
16
Inventories, manufacturers' and trade
4, 10,11
3,
Iron and steel, crude and manufactures
4,5,7,8,12,14,19,22 ; 32,33
Labor disputes, turnover.
15
Labor force
11
Lamb and mutton
28
Lard_
28
Lead.
33
Leather and products
3, 7,12,13,14,15,30,31
Linseed oil
30
Livestock _
2,6,23,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit).
8,16,17,19
Locomotives
40
Lubricants
35,36
Lumber and products
3,
4, 5, 7,8,9,10,12,13,14,18,31
Machine tools
34
Machinery
3,4,5,7,12,13,14,19,22,34
Mail-order sales, catalog
10
Manmade fibers and manufactures
7,39
Manufacturers* sales, inventories, orders
4, 5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14,15
Manufacturing production indexes
2,3
Margarine
.
29
Meats and meat packing
2,6,12,13,14,28
Medical and personal care
6
Metals
3,4,5,7,11,12,13,14,15,19,32,33
Milk
27
Mining and minerals
2,3,11,12,13,14,15,19, 20
Monetary statistics
18
Money supply.
_.
18
Mortgage loans
8,16,18
Motor carriers
23
Motor vehicles... 3,4,5, 7,9,10,12,13,14,15,19,40
Motors
...
34
Oats
_.._...__
27
Oil burners..
34
Oils and fats, greases..
. 6, 29,30
Orders, new and unfilled, manufacturers'-..__
5
Ordnance.
...
_
-..12,13,14
Radiators and cpnvectcrs_„_._
34
Radio and television
3,6,9,34
Railroads
2,12,15,19,20,23,40
Railways (local) and bus Hues
12,13,14,15,23
Rayon and acetate
._
39
Real estate
8,16
Receipts, U.S. Government
,
17
Recreation
...^
...
6
Refrigeration appliances, output
34
Rents (housing).
•„
6, 9
Retail trade...
. _ _ _ 4,5,9,10,11,13,14,15,17
Rice_
.
_._
27
Roofing and siding, asphalt
. __
36
Rubber and products.. 3,4,5,7,12,13,14,15,22,37
Rye
_
27
Saving, personal
....
1
Savings deposits
„
_. ___
.
16
Securities issued..
19
Services
.......
_. 1,9,12,13,14
Sheep and lambs
28
Ship and boat building
12,13,14
Shoes and other footwear
7,9,10,31
Silk, prices, imports, production
7,39
Silver
__
_.
18
Soybeans and soybean oil
',
„..!
30
Spindle activity, cotton
.
39
Steel ingots and steel manufactures
3,32,33
Steel scrap
.....
32
Stocks, department stores
*
11
Stock prices, earnings, safes, etc
,
20
Stone, clay, and glass products
_„
3,
4,5,12,13,14,19,38
Stoves and ranges...
...,
34
Sugar
22,29
Sulfur.
_
25
Sulfuric acid
..
,.
«.
...
24
Superphosphate
25
Tea imports
..
29
Telephone, telegraph, cable, and radio-telegraph carriers..
.
12,13,14,15, 20, 24
Television and radio
„
.
. 3,6,9,34
Textiles and products
L _.
3,
4, 5, 7,12,13,14,15,18, 22,38,39,40
Tin
.
...... 22,33
Tires and inner tubes
7,9,10,37
Tobacco and manufactures.
__M
3,
4,5,6,7,8,12,13,14,15,22,30
Tractors
,_
22,34
Trade
5,9,10,11,12,13,14,15,17,20
Transit lines, local
23
Transportation and transportation equipment. _ _ 3,4, 5,6,9,12,13,14,15,19, 22, 23,24,40
Travel
.
.......
24
Truck trailers
40
Trucks
34,40
Unemployment and compensation
.,__.. 11,15
U.S. Government bonds
16,17,19, 20
U.S. Government
finance
17
Utilities.
2,3,6, 7,12,13,14,15,19, 20, 26
Vacuum cleaners
Variety stores
.
Vegetable oils.......
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits..
.
34
.
10
... 29,30
6,22,27
23
15,17
Wages and salaries
1,2,13,14,15
Washers
.
34
Water heaters
34
Wheat and wheat
flour
27, 28
Wholesale price indexes
6, 7
Wholesale trade
4,5,11,12,13,14,15
Wood pulp
v
36
Wool and wool manufactures
6,7,22,39,40
Zinc-
33
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