Full text of Survey of Current Business : October 1961

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OCTOBER 1961

survey of




CURRENT
BUSINESS

U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS

SURVEY OF CURRENT BUSINESS
OCTOBER 1961

VOL. 41, NO. 10
U.S. Department of Commerce
Luther Ho Hodges
Secretary
Office of Business Economics
M. Joseph Meehan

BUSINESS

Louis J. Paradiso
Managing Director

PAGE

SUMMARY.

I

Employment and. income little changed.

Murray F. Foss
Editor

Billy Jo Dawkins
Graphics

INDUSTRIAL PRODUCTION
Business equipment at high rate—Expansion in home goods*

STAFF CONTRIBUTORS
TO THIS ISSUE

MANUFACTURERS 9 INVENTORY AND SALES EXPECTATIONS.....
Increases anticipated in 1961 second half.

AGRICULTURAL

Business Revietv and Features;
Francis L. Hirt
Genevieve B. Wixnsatt
Marie F. Hertzherg
L. J. Atkinson
Cecelia W. Craig

INCOME AND PRODUCTION.......................

Dip in wheat surplus-—Cotton stocks lower.

NATIONAL INCOME AND PROFITS
Six months of recovery—Income patterns reflect changes in de«
mand—Profits rise sharply in second quarter.

National Income:
Harold Wolozin

SPECIAL ARTICLE

Foreign Business Investments in the United States—
New Survey Shows Steady Growth
— 11
Background and Growth of Investments

11

Earnings and Output

14

a...*......,....,.*........*.......,,

MONTHLY BUSINESS STATISTICS
General...

...

Industry
Subject Index

K. Celeste Stoke
Statistics Editor

S1-S24
S24-S40

,

, . , . . . . , . . Inside Back Cover

Article:
Samuel Pizer
Zalie V. Warner
James Lopes
Bertil Renborg

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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., U.S. Courthouse.
OHapel 7-0311.
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NW JAckson 2-4121.
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Richmond 9-4711.
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Miami 32, Fla.f 14 NE. First Avenue. FRanklin 7-2581.
Minneapolis 1, Minn., Room 304, New Federal Bldg.
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New York 1, N.Y., Empire State Bldg. LOngacre 3-3377.

Philadelphia 7, Pa., Jefferson Bldg., 1015 ChestnutSt;
WAlnut 3-2400.
Phoenix, Ariz., 230 N. First Ave. Phone 261-3285.
Pittsburgh 22, Pa., 355 Fifth Ave. GRant 1-0800.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
CApital 6-3361.
Reno, Nev., 1479 Wells Ave, Phone 2-7133.
Richmond IS. Va., Parcel Post Bldg. Milton 4-9471.
St. Louis 1, Mo., 910 New Federal Bldg. MAin 1-8100.
Salt Lake City 1, Utah, 222 SW. Temple St. DAvis
8-2911.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
ADams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg., 909 First Ave.
Mutual 2-3300.

By the Office of Business Economics

"DL

&

\_ HE recovery in economic activity
since last winter's cyclical trough has
been substantial and the underlying
demand situation continues strong.
Except for a few lagging segments, the
upturn has been broadly based, with
consumers, business, and Government
all contributing to the advance, though
in varying degrees. It appears, however, the pace of the summer advance
was not so rapid in the spring quarter,
due in part to the slowdown in some
sectors where much of the adjustment
was achieved quickly, and in part to
temporary influences. The second
quarter upturn was particulary dependent on two demand influences—
automobile purchases and inventories—
both of which lost some of their force
after the spring at a time when new
sources of increased demand—government and business fixed investment—
were rising but at a more gradual pace.
The major business indicators in
September, just as those for the 2
earlier months, reflect the slowdown in
the business upsurge. Seasonally adjusted movements from August to
September were rather small for personal income, production, employment,
and retail sales, and the gains for the
third quarter as a whole were less than
those for the second. Despite the September developments, most broad indicators are at peak rates. With the
recovery underway only two quarters,
the advance, measured in terms of
GNP, continues to exceed that of
other postwar revivals.
The extent of the upturn since the
early part of the year is seen in the $17
billion increase in personal income
(annual rate), the \% million rise in
°—£1
1
Digitized for608594
FRASER


nonfarm employment and in the 9
percent increase in industrial production, all after seasonal adjustments.
Employment
changed

and

income

electrical machinery, and transportation equipment, the latter due to the
pickup associated with the automobile
changeover. In nondurable goods industries employment edged lower, reflecting mainly a reduction in the
apparel industry.
In contrast to the 1 million gain in
employment from March to June, the
change from June to September was
less than a quarter of a million. The
slowdown occurred in both manufacturing and nonmanufacturing but was
much more pronounced in the former.
Factory hours of work, seasonally
adjusted, were down rather sharply in
September from August, though the
greater part of the decrease was attributable to work stoppages in the automobile industry. Nondurable hours were
down slightly.

little

Nonfarm employment increased substantially in September but the rise was
not much better than the usual seasonal
change. Close to 54 million were employed in nonagricultural establishments, about 200,000 more than in
September 1960.
Increases in manufacturing and government employment from August (seasonally adjusted) offset declines in
contract construction and retail trade;
the other industries showed small
changes. Within manufacturing, better than seasonal advances occurred
in primary metals, electrical and non-

PERSONAL INCOME, INDUSTRIAL PRODUCTION, AND EMPLOYMENT
Billion $

1957=100

Million Persons

450

140

60

PERSONAL INCOME
(annual rate)

INDUSTRIAL PRODUCTION

Nonfarm Employment
(left scale)

Total

400

120

350

100

300

80

250

55

Total

60

61

'

42

I

40

50

45 —

60 l i n i i l . i i i i l i m i l M i i i l m i i t i i i i i l

1959

Hours

EMPLOYMENT & HOURS

1959

60

61

40

Weekly Hours Per
Production Worker
in Manufacturing

~~

38

j i n l i i i nliiiii him I iniiliiii il 36

1959 60

61

Monthly, Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics

Data: FRB, BLS, & OBE
61-10-1

SURVEY OF CURRENT BUSINESS
As a result of these developments in
employment and hours, and the virtual
stability over the month in rates of pay,
payrolls and personal income were little
changed in September from the August
rate. September income was $420 billion at a seasonally adjusted annual
rate, up less than $1 billion over August.
Since June the income rise has been only
$3 billion in contrast to the $14-billion
increase from the low mark in February
to June.
Retail sales

Retail sales in September were about
the same as in August, after seasonal
adjustment, and little different from
sales in September 1960. This would
place third quarter sales less than 1 percent above those in the second quarter.
Thus the lag in spending on goods continues, though total consumer spending
on both goods and services is essentially
in line with income.
New car sales improved a little in
September from the August rate, on a
seasonally adjusted basis. Auto dealers
at the end of last month held some
660,000 cars, a little less than they held
at the end of August but substantially
less than their holdings at the end of
September a year ago.
Construction up

Construction activity increased in
September to a seasonally adjusted

annual rate of $58% billion. Advances
occurred in private residential, nonresidential and public expenditures.
The rise in total construction in recent
months has been marked in contrast to
the small change from about mid-1960
to the middle of the second quarter,
which resulted from offsetting movements in the public and private totals.
Since the second quarter, however, both
have been moving up, the gain since
May amounting to $2% billion at an
annual rate.
Residential outlays have shown an
upward movement since February and
in the 6 months since then have risen by
almost $3/2 billion on a seasonally adjusted annual rate basis. Commercial
spending has exhibited a strong movement throughout the year; expenditures
for industrial construction projects this
summer have flattened out following a
decline of about 15 percent since the
beginning of the year. Outlays by the
utility companies have moved up
slightly this summer.
Public expenditures, which had been
rising throughout 1960 and into the
first quarter of 1961, fell in the second
quarter mainly because of a sharp reduction in highway expenditures. In
the third quarter road outlays picked
up and this was bolstered by a pickup
in public residential building and conservation expenditures. These rises

NEW ORDERS, HOUSING STARTS, AND FOREIGN TRADE
Mill. Units
2.0 HOUSING STARTS

Billion $

20

DURABLE GOODS

MANUFACTURING'
INDUSTRIES

Billion $
2.5

FOREIGN TRADE

(annual rate)

New Orders

—

1.0

12

1.5
Private Nonfarm
(New series)

.5

4

1.0

.5 iiiniini11iiin11f1111111mil1111

AULLiil

1959

60

61

1959

60

61

Monthly, Seasonally Adjusted
U.S.

Department of Commerce, Office of Business Economics




have been offset in part by declining
military building activity and in public
nonresidential buildings.
Supplies ample

While demand has risen, supply conditions remain easy. This situation
shows up particularly in the general
utilization of resources, in the modest
rises that are taking place in private
investment, and in the fact that backlogs are not showing a strong buildup.
The labor market continues to provide the clearest case of less-than-full
utilization. Unemployment fell from
August to September but the decline
was only slightly more than is typical
for this period. The 4.1 million persons out of work represented the same
percentage of the civilian labor force—
almost 7 percent after seasonal adjustment—that has prevailed since last
December.
In general, factory operations, while
markedly improved since the midwinter low, cannot be gaged high relative to capacity. Basic materials such
as steel, aluminum, cement, paper, and
refined petroleum show a rate of operations this summer below the average
that has prevailed for the same period
in the previous 5 years.
The adequacy of capacity and the
ability of producers to make prompt
deliveries show up in the rate at which
unfilled orders have been growing.
While new orders for durable goods
have shown a pronounced pickup since
early this }^ear, shipments have almost
kept pace with them. Unfilled orders
have increased only slightly and continued to run below year ago figures.
Prices stable

2.0

1.5

October 1961

1959

60

61

Data: Census & QBE
61-10-2

With more than adequate supplies
relative to current demands, overall
prices continue to show little change.
In wholesale markets prices have shown
somewhat irregular movements in recent months due to small fluctuations
in farm and food prices, and in September were slightly less than in September
1960.
Prices of commodities other
than farm and food have actually edged
down by almost 1 percent since the
middle of last winter. Industrial crude

SURVEY OF CURRENT BUSINESS

October 1961

RETAIL SALES, UNEMPLOYMENT RATE, AND PRICES
Billion $

Percent

22

10
RETAIL SALES

UNEMPLOYMENT AS A
PERCENT OF CIVILIAN

1947-49=100
140
PRICE INDEXES

LABOR FORCE

130

8 -

20
Tot(

\
18

120

Wholesale

110

16

100

14
1959

60

61

1959

60

61

1959

60

61

Monthly , Seasonally Adjusted
Data: BLS, & QBE

61 -10-3

U.S. Department of Commerce, Office of Business Economics

materials have shown a fairly marked
pickup since the beginning of the year
but tins rise has been more than offset
by lower quotations for processed goods.
Consumer prices have edged up due
to higher food prices this summer, a

continued rise in services prices, and
some firming in prices of durable commodities since this spring. The BLS
Consumer Price Index in August stood
at 128 percent of the 1947-49 average,
up 1 percent from a year ago.

Business equipment at high rate

Industrial Production
INDUSTRIAL production fell slightly seasonal pickup in September with the
in September. Automobile production introduction of the 1962 model paswas affected by work stoppages which senger cars. Completions of 350,000
sharply reduced assemblies and in turn units fell far below original production
contributed to the slackened rise in schedules, mainly as a result of the
steel output last month. In most other sporadic walkouts in plants of an
manufacturing industries, output was important producer. With the entire
industry again turning out 1962 models
generally sustained.
The chart highlights the rapid ad- in large volume, completions of pasvances in the production curves of six of senger cars in the last week of Septemthe major product divisions of final ber climbed to 115,000 from an average
products and materials. Current pro- of less than 70,000 in the previous 2
duction rates for most of the product weeks but dropped back to 103,000 in
groups are now about as high or higher the first week of October as a result of
than prerecession levels. Notable ex- new work stoppages.
ceptions are automobiles and durable
Expansion in home goods
materials.
All types of home goods—TV and
Auto output
radios, appliances, furniture and rugs—
For passenger cars, the production are being produced in relatively large
slowdown caused by the midsummer volume. Within the group, output of
changeover was followed by a less than TV and radio sets, which began to turn



up considerably earlier than other
types of home goods, exceeded the prerecession level in June and July but
this high rate was not maintained in
August and September. The expansion in this group over the period was
from a rather low point and accounted
for the bulk of the increase in the home
goods production index.
Factory shipments of appliances and
furniture, on the other hand, did not
show any appreciable improvement
until April and May and the recovery,
while substantial, has not been sufficient
to match earlier highs.
Demand for consumer staples was
affected only a little by the 1960-61
business downturn and output soon
reached a new high in the 1961 upswing.
For apparel and shoes, generally consistent output gains have been recorded
thus far this year, and these have been
accompanied by a pickup in apparel
and shoe expenditures in the third
quarter.

Fluctuations in output of business
equipment as a group were relatively
moderate over the recent cycle. Industrial equipment has shown a modest
recovery but has still not reached
earlier highs; commercial equipment
has improved somewhat more and is
currently at a new peak. Farm equipment output moved quite differently
over the recent period, rising fairly
sharply from the end of last summer
through this spring, thus bolstering
aggregate equipment production during
the recession. Since then it has dropped.
Rebound in materials

Demands for industrial materials
have increased as activity in the metal
fabricating industries and construction
expanded. Overall production of materials in September was more than 10
percent above the low midwinter months
and was equal to the high rate reached
in January 1960. The highly cyclical
durable materials component increased
one-sixth from the low point whereas
the less sensitive nondurable materials
registered a gain of under one-tenth,

SURVEY OF CURRENT BUSINESS
But nondurable materials are 4 percent
above their previous high while durable
materials are still 7 percent below.
Much of the up and down swings in
durable materials reflected operations
in the basic iron and steel industry.
The sharp and almost continuous reduction in output of steel ingots in 1960
was followed by a slow and generally
THE RECOVERY PATTERN OF PRODUCTION
Output of Consumer Staples is
Well Above Prerecession Levels
1957-100

an annual rate of about 111 million
tons—the highest weekly total since
early May 1960.
The July-September output of 25.6
million tons, somewhat above the AprilJune volume, rounded out a 9 months
aggregate of 70.5 million tons; this was
about 10 million tons below the comparable period of 1960.
For nonferrous metals, production
rates have been generally moving upward, after seasonal adjustment. The
aluminum industry, operating at 80 percent of capacity in August as compared

October 1961

with 78 percent in June and July,
turned out the highest volume in a year.
Production of refined copper and lead
was close to the high for the year though
output of zinc was well below previous
high rates.
The expansion in output of nondurable goods materials was particularly aided by better than average
increases in output of the important
textile and chemical components.
Important gains \vere also posted
for paper, paperboard, and rubber
products.

140
Food, Tobacco,
Drugs, etc

120 -

osr-*^-.....-•
100 -

Nondurabli
Materials

Manufacturers' Inventory and Sales Expectations
Increases Anticipated in 1961 Second Half

80
These Have Recovered to
Previous Highs . . .
140

MANUFACTURERS expect higher

Home Goods

120

Apparel &
Shoes

100
Business Equipment

80

1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 11! i 1 1 1 1 i i 1 1 i 1 1 1 1 1

While Durable Materials, Though Up
Sharply, are Still Below Earlier Peaks
120
Durable Materials

100

A/X/

80
1959

1960

1961

Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics

1962
Dafa. RRB

61-10-4

steady rise so far this year. September
output of crude steel in terms of tonnage was higher than in August and the
increase was equal to the usual seasonal
rise. Folio whig settlement of the auto
tieup, the industry stepped up operations late in September and for the
week ended September 30 turned out
well over 2.1 million tons of raw steel—



sales and plan to add further to their
inventories in the final 3 months of
1961, according to the latest Office of
Business Economics survey of manufacturers anticipations.
If expectations reported in August
and early September are realized, sales
in the fourth quarter of 1961 will total
$96 billion, after seasonal adjustment,
about 5 percent higher than actual
sales of $92 billion in the second quarter.
This sales advance would be accompanied by an expansion of inventory
book values from $53.4 billion on June
30 to seasonally adjusted rates of $54.6
on September 30 and $55.7 billion on
December 31 of this year.1 Projections
for the third quarter are reasonably in
line with actual sales reported in the
Department's Industry Survey for July
and August.
These anticipations represent a continuation in the recovery of manufacturers7 shipments from the cyclical low
of $87.2 billion in the opening quarter
of the year. Inventories had under1. The anticipated figures for inventories are corrected for
systematic tendencies which have been evident in the reported projections. For a fuller description of this procedure
and an analysis of earlier survey results see the August 1961
issue of the SURVEY, pages 27-31.

gone a $400 million liquidation in the
first 3 months of 1961, were level in the
second quarter, and rose by more than
$0.6 billion in July and August.
With sales and inventories expected
to show similar relative advances, after
seasonal allowances, the projected
stock-sales ratio at yearend would be
Table 1.—Manufacturers' Inventories and
Sales: Actual and Anticipated
[Billions of dollars]
Inventories, end
of quarter

Total

Unadjusted
1960— IV

Sales, total for
quarter

Du- Nonra- dura- Total
bles bles

Du- Nonra- durables bles

53.9

30.8

23.1

89.5

42.6

46.9

IV i

53.6
54.0
55.6

30.5
30.8
31.6

23.1
23.2
24.0

93.2
93.5
97.2

44.9
43.4
47.0

48.3
50.1
50.2

Seasonally adjusted
1961—1
II
IIIi
IV i

53.3
53.4
54.6
55.7

30.3
30.2
31.2
31.9

23.0
23.2
23.4
23.8

87.2
91.8
94.9
96.3

40.2
43.4
45.3
46.3

47.1
48.4
49.6
50.0

1961— II

nil

_

1. Anticipations reported by manufacturers in August and
early September. Inventories have been corrected for systematic tendencies in anticipatory data. Anticipated inventories as reported before adjustment for either seasonal variations or for systematic tendencies at the end of September
are (in billions of dollars): total $53.3; durables $30.4; and
nondurables $23.0. The comparable anticipations for December 31 are $53.6; $30.2, and $23.4, respectively.
Source: U.S. Department of Commerce, Office of Business
Economics.

SURVEY OF CURRENT BUSINESS

October 1961

little changed from June. The June
ratio at 1.7, compared with 1.9 at the
beginning of the year and 1.8 on June
30, 1960.
Manufacturers holding just over fourfifths of total factory stocks regarded
Table 2.—Manufacturers' Evaluation of the
Condition of Their Inventories as of:1
[Percent distribution]

19 61

1960

Mar. June Sept. Dec. Mar. June
30
31
31
30
31
30
Total manufacturing
High
.
About right
Low
_ _

100
31

100
35

100
29

100
28

100
22

67
2

63
2

70
1

71
1

77
1

Durable goods
High
About right
Low

100
39
60
1

100
42
57
1

100
36
63
1

100
32
67
1

100
24
75
1

100
19
80
1

Nondurable goods- _
High
About right
Low

100
20
77
3

100
26
71
3

100
20
78
2

100
22
77
1

100
19
80
1

100
16
82
2

100
18
81
1

1. Condition of actual inventories relative to sales and
unfilled orders position as viewed by reporting companies.
Percent distribution of inventory book values according to
company's classification of overall inventory condition.
Source: U. S. Department of Commerce, Office of Business
Economics.

their inventories on June 30 as "about
right' 7 in relation to their sales and
unfilled orders position at that time.
Producers with 18 percent of stocks
classified them as "high," while only 1
percent was in the "low" category.
The "high" proportion was about the
smallest in the 4 years during which
HOW

MANUFACTURERS REGARD THEIR

this survey has been conducted, and vance from second to fourth quarter
has been equaled only during the steel rates is expected to be some 7 percent,
strike-affected periods in 1959 (see or about double the relative increase
chart).
forecast by soft goods producers. In
the durable goods groups, larger-thanSizable increases expected in durables
average sales increases from the second
Virtually every major manufacturing to fourth quarters are expected by
industry is expected to increase stocks steel, nonelectrical machinery compaduring the second half of the year, after nies, and building materials suppliers.
seasonal adjustment. Two-thirds of For both durable and nondurable goods
the anticipated increase in factory manufacturing, inventory-sales ratios
stocks during the second half of 1961 on the basis of the expected changes
is accounted for by the durable goods reported in the survey would be about
industries—traditionally the volatile the same as at midyear.
area of inventory movements. For
While recent developments in manuthese industries the expected end-of- facturers sales and inventories have
year book value of almost $32 billion, tended to substantiate the direction and
seasonally adjusted, is $1% billion in major degree the magnitude of the
higher than on June 30. Inventory inventory and sales projections for the
accumulation by soft goods producers second half derived from this survey,
is expected to reach almost $X billion the results should be considered tentaduring the second half of 1961, bringing tive in character. Further experience
the yearend book value to a new high. with the survey and the techniques
As in the case of inventories the used to correct the inventory anticipalarger sales increase is anticipated by tions are required in view of the limited
the durable goods group. Here the ad- observations available thus far.

Agricultural Income and Production

INVENTORY POSITION
At Midyear, Percent Classified
As "High" is at 4 Year Low
Percent

100

80

"ABOUT RIGHT"

60

40

20

1957

58

59

60

61

End of period
U.S. Department of Commerce, Office of Business Economics




61-10-8

AGGREGATE farm production in
1961 is now estimated to be about
equal to that of 1960 with larger livestock output about offsetting some
decline in crops.
So far this year marketings have
exceeded those of a year ago and prices
have averaged a little higher, so that
cash receipts from marketings are up
2 percent. Government payments to
farmers are also higher than last year,
reflecting payments under the new
grain programs. Production expenses
are expected to rise a little. Net income of farm proprietors in the first
three quarters is 10 percent above the
corresponding period of 1960, but remains below 1958 income, the high in
recent years. With the number of
farms continuing to decline, average

income per farm is well above the
earlier peak.
Cut in surpluses

The latest crop report estimate puts
1961 crop production a little below last
year's and about equal to each of the
preceding 2 years. Though the reduction in output is modest, it is a significant development from the point of
view of the problem of agricultural
surpluses. With output at record highs
in recent years the surplus problem had
intensified despite accelerated Government efforts to reduce stocks through
domestic and foreign disposal programs.
On the basis of current estimates
some reduction is anticipated in the
principal carryovers at the end of this
crop year.

6

SURVEY OF CURRENT BUSINESS

The buildup in stocks in the past
decade was concentrated in grains, and
in earlier years, cotton. These crops
were characterized by a rapid rise in
yields and large increases in output per
hour of labor. Thus, for all agricultural output, production per hour
of labor in 1960 was more than double
the 1947-49 average, but in feed grains
output per manhour had tripled, and
in food grains and cotton had risen to
240 percent of the 1947-49 average.
Even though support prices of these
commodities had shown some decline
until this year, production continued
to exceed utilization for feed grains and
wheat. A more effective control program combined with large exports had
brought about a reduction in cotton in
recent years.

States. For corn alone, the signed-up
acreage which participants planned to
divert amounted to 23 percent of the
1959-60 base acreage. There has been
some slippage from these plans. In the
case of corn for grain, acreage has
actually fallen 18 percent from last year
and production is down only about half
as much.
The smaller decline in production
than in acreage reflects the considerable
advance in yield per acre resulting from
unusually favorable weather, closer
spacing of plants, heavy- fertilization,
and the selection of the better land for
corn production. Other feed grain pro-

Feed grain program

"1954=100 (Ratio Scale)

The feed grain surplus problem has
been especially intractable, complicated by the control difficulty that more
than half of the crop is not sold but is
utilized on the farm where it is grown.
Carryovers began to get rather large
in the early 1950's. In this period the
rise in stocks came about mainly because of a decline in utilization. From
the mid-1950's onward, however, production expanded considerably, and
with feed utilization rising less rapidly,
carryovers in recent years became
burdensome.
It was with this background that the
1961 emergency feed grain program was
initiated with a threefold aim: (1) to
reduce stocks, (2) to raise farm income,
and (3) to reduce Government costs or
to prevent further imminent increases.
Farmers who reduced acreage of feed
grains by 20 percent and diverted the
land to conservation uses were paid for
the diversion and are eligible for price
support at $1.20 per bushel for corn, 14
cents more than last year. A further
incentive was offered farmers to divert
an additional 20 percent of their
acreage from feed crops.
Participation in the voluntary program this year was high and included
farmers holding more than half of the
corn acreage and three-fourths of the
grain sorghum acreage. The total acreage signed for diversion reached 26.7
million, or nearly 25 percent of the total
feed grain base acreage for the United

150




AGRICULTURE: LONG-TERM TRENDS
Farm GNP Has Risen 11/2 Percent
Annually in the Past Two Decades

FARM GNP

October 1961

duction is also lower this year than hist,
with the control program reducing
grain sorghum, and with lower acreage
and yields for barley and oats.
As some increase is expected in grainconsuming livestock, feed utilization is
expected to remain at a high rate.
Feed grain exports are also expected to
continue high, and the carryover at the
end of the season is estimated by the
Department of Agriculture to be moderately below the record high at the
beginning of the season. Although it
will remain higher than any earlier
carryover, other than the recent peak
at the beginning of this season, this
will be the first year in several in which
the feed carryover has not increased.
The Department of Agriculture has
estimated that, in the absence of the
control program, favorable weather
this year would have produced a larger
feed grain crop than last year instead
of the 10 percent decline which is now
estimated.
Dip in wheat surplus

1910

20

30

40

50

60

Farm Consolidation Has Been Rapid . . .
200

40

1910

20

30

40

50

60

As Efficiency Has increased
200

Manhour:

TOO

80
60

40

1910

20

30

40

50

Data: Dept. of Agri
U.S. Department of Commerce, Office of Business Economics

60
& QBE
61-10-5

Wheat carryovers have risen to
record highs during the past decade.
They reached 1 billion bushels in the
mid-19 50's, and following very large
crops beginning with 1958 they reached
1.4 billion bushels in 1961. Such
carryovers have developed despite vigorous export programs which have
included substantial export payments
for all wheat sold abroad and Government financing for from 60 to 75 percent of exports in recent years. These
programs have expanded exports to
record rates so that they now exceed
domestic wheat utilization of about 600
million bushels.
Wheat production In the United
States has remained about as high in
recent years as in the period right after
World War II, when there was a world
food shortage and several million
acres of grasslands were ploughed for
wheat growing. Control programs have
brought some reduction in wheat acreage, but with yields higher, there has
been no cut in production. Dry
weather in the northern plains this year
reduced the w^heat crop to an estimated
1.2 billion bushels, but it is still onetenth above the 1950-59 average.
With record exports during this year

October 1961

SURVEY OF CURRENT BUSINESS

the carryover may be reduced a bit at
the end of this marketing year.
A new wheat control program will be
effective for the 1962 crop. The program is roughly similar to that followed
this year for feed grains, except that
acreage controls were already in effect
for wheat. Farmers must reduce plantings 10 percent to be eligible for price
support at $2.00 per bushel as compared with $1.79 this year. Farmers
will be paid for diverting this acreage
to an approved soil conserving use and
in addition they may voluntarily divert
up to an additional 30 percent of their
allotted acreage for which they will receive payments on a more liberal basis.
It should be noted that, unlike the corn
program all producers—including those
who do not sign up for the new program—must reduce wheat acreage 10
percent or be subject to severe marketing quota penalties.
Cotton stocks lower

In contrast to the grains, where U.S.
stocks had risen to record highs in recent years, the former surplus of cotton
has been largely worked off in the past
few years. The carryover of cotton in
the United States as of August 1 was a
little over 7 million bales, moderately
lower than a year earlier, continuing the
general though irregular decline from
the peak carryover of 14% million bales
in 1956.
Production this year is estimated to
be about the same as the 14.3 million
bales last year and, although disappearance is expected to be slightly
smaller than last season, some further
decline is estimated in carryover. Most
of the stocks are now in commercial
hands where they had been built up
prior to the increase in CCC sales price
for this crop year. The support price
for the 1961 crop is 33 cents per pound,
about 3.75 cents above the minimum
effective price to domestic users a year
ago. However, for U.S. cotton exports,
the rise in price is partly offset by a
step-up in the special export payment.
Exports are expected to be somewhat
below the 6.6 million bale total for the
past crop year, when some rise in stocks
abroad occurred.
Domestic cotton consumption has
shown some pickup since the recession



low early in the year and is expected to
be higher this year than last year.

pigs than a year earlier. The number
of pigs on farms September 1 was appreciably higher than a year earlier in
More meat
all age groups.
Livestock and products output in
Milk production this year is running
1961 is appreciably higher than last ahead of 1960 as higher prices for dairy
year with most major groups showing products and some decline in beef prices
a rise. Prices have varied considerably and feed have stimulated production.
but for the livestock group the average A long-term decline in milk cow numis only a bit below a year ago. Some bers has moderated in the past year,
weakening in the second quarter of this and although the output per cow was
year was followed by a strengthening up less-than-usual in the early part of
in recent months as meat animal mar- the year, a larger year-to-year rise has
ketings have shown a smaller rise from occurred in recent months. Consumpa year earlier.
tion of daiiy products has been lower
Beef production is showing a con- this year and the portion going to CCC
tinued rise this year with some increase for price support purposes is about
in the number slaughtered and a rise in double the volume of last year.
average marketing weight, as a proPoultry and egg production in 1961
nounced trend toward an increased pro- is higher than a year ago. Most of
portion of fed cattle marketings con- the increase has been in broiler productinues. Although more cattle have been tion where output has continued well
slaughtered than last year, a further above a year ago despite a severe drop
buildup in the number of beef cattle on in prices. Egg production was lower
farms is indicated. The calf crop is in the first part of the year but has
larger, and both calf and cow slaughter risen above a year ago in recent months
are somewhat lower than last year.
and prices have declined in contrast to
Larger marketings of fed cattle this the sharp advance after mid-year in 1960.
year were accompanied by declining
prices for such stock during the first Farm adjustment
half of the year, and they have been
The changes in agriculture in the past
rather stable during the third quarter. several years include two contrasting
A larger number now on feed than a types of developments.
year earlier indicates continued large
The first is a move toward increased
supplies in the immediate months specialization which has been accomahead. Retail beef prices (Choice panied by an increase in size of farm
grade) have also declined this year, and enterprises, larger investment in masince the first quarter have been below chinery and equipment per farm, and a
a year ago.
general rise in output aided by off-farm
Feeder cattle prices have shown a purchases of inputs other than labor.
stronger trend, and the returns from This has continued during a period in
cattle feeding have been squeezed as which farm production has been in
the price of fed cattle has declined. excess of current consumption despite
Specifically, the margin between the stepped-up Government disposal proprice of slaughter steers and of stockers grains and production controls for a
and feeders 7 months earlier has nar- number of crops.
rowed.
The second type of change has been a
Hog marketings were lower and prices substantial decline in the number of
were higher than a year earlier through small farmers. Although this change
the first three quarters of the year. A has been underway for a long time, the
somewhat larger pig crop this spring recent farm census data indicate that
than a year ago promises larger market- the rates of decline are more rapid than
ings in the final months of this year. had been apparent. One notable change
Hog prices and hog-corn ratios remain is a sharp drop in tenant farmers in the
favorable, although the most recent pig south. Thus, although farm producreport indicates that farmers have low- tion continued to expand until this year,
ered their production goals in recent the number of low income farm families
months; the}7 still plan to raise more has been sharply reduced.

SUKVEY OF CURRENT BUSINESS

8
On the basis of the 1959 definition of
a farm, the number of farms was 3.7
million in that year, down more than 1
million in the preceding decade. This
was also about equal to the decline in
the number of farms with gross incomes

under $2,500 annually—from 2.7 million in 1949 to 1.6 million in 1959.
According to preliminary estimate over
two-thirds of total production occurred
on the 800,000 farms with sales of over
$10,000 per farm.

National Income and Profits
Six Months of Recovery

O

^VERALL business activity, as
measured by the gross national product
and national income, continued to
expand in the third quarter although it
appears that the increase will be somewhat smaller than in the spring quarter.
The third-quarter advance in demand
was somewhat more widely diffused
than that resulting in the spring quarter
when increased purchases of motor
vehicles and a shift from inventory
liquidation to accumulation accounted
for about three-fifths of the overall
increase in GNP. One of the brighter
spots in the third-quarter performance
was the revival in business purchases of
durable equipment. Government purchases continued to support the general
economic advance. Net exports, which
reached their peak about the turn of the
year, were again reduced in the third
quarter. Retail sales, though improving for the quarter as a whole, showed
no significant upward trend during the
summer months despite the larger flow
of personal income.
The trend in personal income has
been generally upward since February.
However, owing partly to the leveling
off of unemployment benefits and other
transfer payments, the increase has
been slower in recent months. In
addition, there was a progressive slowing down in the rate of increase in
wages and salaries during the summer
months. This tendency was most evident in manufacturing, particularly in
the automobile industry where there
was an early changeover to 1962 model
production. But, in addition, payroll




advances were tapering in most manufacturing industries. Agriculture, government, and services were the only
other areas in which payrolls expanded.
Information on corporate profits for
the third quarter will not be available
for some time, but a further rise in
profits is indicated by recent increases
in corporate sales. The profit gain is
not likely to approach the second
quarter $5-billion increase which carried
profits before taxes to a seasonally
adjusted figure of $45 billion. Thus
reflecting higher labor income, profits,
and a minor increase in other forms of
property income, national income is
expected to gain considerably over the
quarter but less than in the second
quarter.

October 1961

income in the auto industry did not
recover the ground lost in the winter
quarter and was still well below the
peak of early 1960. The increase in
primary- metals exceeded $1 billion,
and significant gains (exceeding $%
billion) were also reported for the food,
machinery, fabricated metals, chemicals, and the stone, clay, and glass
products industries. Despite these recent advances, food and kindred products was the only major manufacturing
industry in which second-quarter income exceeded that of the peak 1960
quarter. Gains in other manufacturing industries were of minor importance,
and a moderate decline is indicated for
the petroleum and coal products group.
The outstanding increase in income
originating outside the manufacturing
area was in trade where the improvement exceeded $2K billion and set a
new high for this group. There were
moderate to large gains in government,
service, finance, and utilities. All of
these areas have demonstrated a strong
upward secular trend. Despite a modest improvement over the first quarter,
income in transportation was still below
the level of any other quarter since
1958.
NATIONAL INCOME
Recovery Centers in Corporate Business
Where the Downturn Was Pronounced
Billion $
450
Total

Industry gains widespread

National income in the second quarter aggregated $426 billion—an increase
of $14 billion over the first quarter.
This more than offsets the losses from
the mid-1960 national income of $419
billion. The second-quarter recovery
in income was highly concentrated
with manufacturing and trade accounting for three-fourths of the increase.
Government and construction were the
only other major industries in which
the second-quarter rise approached $1
billion.
The $lX-bilh'on rise at annual rates in
income originating in the automobile
industry, was the largest gain in both
absolute and percentage terms in income originating within the manufacturing group. Despite the recent gain,

400

350

250

Originating in
Corporate Business

200

-"

'\

N

Originating Outsia'e
Corporate Business

150
1958

1959

1960

1961

1962

Quarterly, Seasonally Adjusted, at Annual Rates
U.S.

Department of Commerce. Office of Business Economics

61-10-6

SURVEY OF CURRENT BUSINESS

October 1961

9

Table 5.—National Income by Corporate and Noncorporate Form
of Organization (1-14)

Table 3.—National Income by Type of Income (1-8, 1-9)
[Billions of dollars]

[Billions of dollars]
1960

1958 1959 1960

II

1961

III

II

III

1959

1958

II

1960

Seasonally adjusted at annual
rates
National income

IV

III

I

II

Seasonally adjusted at annual
rates

367. 4 399. 6 417.1 419.2 419.0 416.5 412.2 426.0

Compensation of employees

257.1 278.4 293.7 294.6 296.0 294.0 292.6 300.2 306.2

239.8 258.5 271. 3 272.4 273.2 271.3 270.1 277.3 282.7
196.6 213.2 223.0 224.6 224.2 221.6 219.7 226.0 230.7
9.8 9.9 9.9 9.8 9.9 10.0 10.1 10.1 10.2
33.5 35.4 38.5 38.0 39.1 39.7 40.3 41.2 41.9

Wages and salaries
Private.
Military
Government civilian

Supplements to wages and salaries... 17.3 20.0 22.4 22.2 22.7 22.7 22.5 22.9 23.4
Employer contributions for social insurance
8.0 9.7 11.5 11.4 11.8 11.5 11.7 12.0 12.2
Other labor income
9.4 10.3 10.9 10.8 10.9 11.2 10.8 10.8 11.2
Employer contributions to
private pension and welfare funds
7 3 80 8 5
Other
2 1 2 3 2 4
Proprietors' income

46.1 46.3 48.2 48.6 48.7 49.0 48.9 49.2 49.2

Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment.
Farm
Rental income of persons

_

32 6 35 2 36 3 "
-.1 -.1
13 5 11.3 12'. o 12.3 12.4 12.7 12.9 12.9 12.8

37.2 46.4 45. 1 45.9 44.1 42.9 40.0 45.5

Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits

37.4
18. 6
18 8
12.4
6. 4

Inventory valuation adjustment

— 3 — 5

Net interest

National income

46.8
23.1
23 7
13.4
10.3

46.3
23.0
23 3
14.0
9.3

43.2
21.4
21 7
14.1
7.6

42.6
21.1
21 4
14.3
7.2

39.6
19.6
20 0
14.2
5.8

0 — 4

9

:\

4

45.0
22.3
22 7
14.1
8.C

Compensation of employees
Wages and salaries
Supplements to wages and
salaries
Corporate profits and linventory
valuation adjustment
Profits before tax i
Profits tax liability ._.
Profits after tax i.__
Inventory valuation adjustment
_ Income originating outside corporate
business

195.8 219.8 226.5 228.7 226.5 222.5 217.5 228.5

159. 5 174.2 182.4 183.8 183.3 180.8 178.9 184.2
147.4 160.2 166.9 168.4 167.6 165.2 163.6 168.6
12.1

14.0

15.5

15.4

15.7

15.6

15.3

15.6

35.4
35.6
18.6
17.0

44.6
45.0
23.1
21.9

43.2
43.2
22.3
20.8

44.1
44.5
23.0
21.5

42.4
41.4
21.4
20.0

40.9
40.5
21.1
19.4

37.8
37.4
19.6
17.8

43.5
43.2
22.4
20.8

-.3

-.5

.0

-.4

.9

.3

.4

.3

10

10

8

8

8

8

.8

.9

171.6 179.8 190.6 190.5 192.6 194. 0 194.6 197.6

1. Excludes corporate profits originating in the rest of the world sector.

Table 6.—Sources arid Uses of Gross Saving (V-2)

45.2
22.4
22 8
14.2 14.3
8.6

[Billions of dollars]
1960

3

'

Gross private saving
Personal saving
Undistributed corporate profits
Corporate inventory valuation adjustment
Capital consumption allowance
Excess of wage accruals over disbursements

Table 4.—National Income by Industry Division (1-11)

1959

1960

II

III

IV

I

II

Seasonally adjusted at annual
rates
AH industries, total ___
Agriculture, forestry, and fisheries

367.4 399.6 417.1 419.2 419.0 416.5 412.2
18.3 16.3 17.2 17.6 17.5 17.8 17.9

426.0
18.0

Manufacturing
Durable-goods industries.
Nondurable-goods industries

103.8 119.6 121.5 122.9 120.8 117.5 113. 1
60.8 71.5 72.5 73.2 71.4 69.2 65.4
43.0 48.0 49.0 49.7 49.3 48.3 47.7

120.7
70.8
49.9

.__

61.1

66.4

68.8

69.6

69.2

68.5

68.2

70.8

Finance, insurance, and real estate

37. 6

40.1

42.3

42.3

42.5

42.8

42.9

43.3

Transportation

16.4

17.6

17.8

18.2

17.7

17.3

16.9

17.1

Communications and public utilities. - 14.2

15.3

16.6

16.5

16.8

17.0

17.0

17.3

50.0

49.7

50.5

51.0

51.3

52.0

Services

41.9

45.9

Government and government enterprises
_

46.6

49.0

52.5

51.9

53.3

54.0

54.8

55.8

Other. .

27.4

29.3

30.3

30.4

30.8

30.4

30.0

31.0

2
Digitized for608594°—61
FRASER


|

II

III

IV

I

II

Seasonallv adjusted at uiinu:;.
rates
!

74.0

74. 6

74. 7

76. 4

73.9

74.0

24 7
6.4

23.4
10.3

22.9
8.6

22 8
9.3

24. 6
7.6

22. 7
7 2

5. 8i

s. 6

38.6

— .5
40. 8

.0
43.1

— .4
43.0

.9
43.2

.3
43.7

4
44.2

.3
45. 0

.0

.0

.0

.0

.0

.0

.0

.0

1.9

3.5

-2.2

7^.7
•-).- ->

-.5 -1.9 -7.9

-6.6

-9.4 -1.8
4.5
.4 -5. 5 -4.3
3.3
1.4
—2 1 — 4 — 1 4 — 1 0 — 1 9 —2 3 —2 4 -2 3

Federal
State and local

1961

1960

1901

69.5

Government surplus on income and
-11.4
product transactions

[Billions of dollars]

1958

1959

1958

14.8 16.6 18.4 18.3 18. 6j 18.9 19.2 19.6 20.2
i
i

1960

399.6 417.1 419.2 419.0 416.5 412.2 426.0

367.4

Income originating in corporate business

32.5 35. 0 36.2 36.4 36. 3 36.3 36. 0 36.3 36.6

12.2 11.9 11.7 11.7 11.7 11.7 11.5 11.5 11.5

Corporate profits and inventory valuation adjustment

Wholesale and retail trade..

19 il

1960

I

IV

56.6

Gross inves tmen t
Gross private domestic investmentNet foreign investment
Statistical discrepancy

70.1

73.9

75.3

71.9

69.1

63.5

71.3

56.6 72.4
— 1 —2.3

72.4
1. 5

74.6
.7

70.5
1.4

65. 6
36

59. 8
3. 7

68.8
2.4

-,e

-1.8

-1.5

-2.6

-2.9

-4.0

-2.9

Table 7.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment, by Broad Industry Groups (VI-10)
[Billions of dollars]
1960
1958

1959

1960

II

III

1961
IV

I

II

Seasonally adjusted at annual
rates
All industries, total
Alanufacturing
Durable-goods industries
Nondurable-goods industries.
Transportation, communications, and
public utilities
All other industries

37.2

46.4

45.1

45.9

44.1

42.9

40.0

45.5

18.3

24.8

23.3

23.4

22.6

21.6

18.8

22.3

9.0
9.3

13.2
11.6

12.0
11.3

12.0
11.4

11.4
11.3

10.7
10.9

8.5
10.4

11.2
11.2

5.6

6.4

6.8

6.9

6.6

6.8

6.5

7.1

13.3

15.2

15.0

15.5

14.9

14.6

14.6

16.1

SURVEY OF CURRENT BUSINESS

10
income patterns reflect
demand

changes in

The second-quarter rise in national
income reflected the pattern and magnitude of the GNP recovery in that
quarter. As noted in the August
SURVEY, the increased production of
passenger cars was the most important
single factor in this recovery. Increased inventory accumulation in other
areas, the revival of residential construction, and continued increases in
government purchases and consumer
services played secondary, but important, roles.
The effect of these changes on various
components of national income can be
traced in a rather general way. The
upturn in autos not only generated the
sharp increase in income in that industry noted above but was also felt in
other supporting industries, i.e., metals
manufacture, trade, and finance. The
increased rate of inventory accumulation was felt primarily in the industries
manufacturing durable goods. The revival in residential construction not
only affected the contract construction
industry, but materials producing industries such as fabricated metals, and
stone, clay, and glass products. There
were also relative!}' sharp gains in
the lumber and furniture industries
which probably reflected, in p a r t , the
expansion in residential construction
activity. The short-run effects of government purchases and consumer expenditures for services are clearly
visible onry on income figures for
these industries.
Short-term changes in income originating in specific industries can be
related to specific GNP categories only
in a broad way. For example, in the
second quarter there was a rather sharp
increase in income in the food and
kindred products industry although
there was little change in consumer
purchases of foods. On the other
hand, such industries as chemicals have
too wide a market to permit any
specific reference to final purchases of
the GNP.
The rebound in income in the second
quarter of 1961 was sharper than in the
corresponding quarter of either of the
two preceding cycles in 1958 and 1954.
In the quarter following the trough of




both of these cycles, national income
rose only moderate!}7 as falling income
in manufacturing largely offset income
rises in other industries. The behavior
of manufacturing in this recovery can
probably be traced in large part to the
sharp rises in the auto and residential
construction industries.
This was
mainly a cyclical reaction, but the
CORPORATE PROFITS TURN UP
Rise Concentrated in
Durable Manufacturing
Billion $

60
Total Corporate Profits*

Total
Manufacturing

20

October 1961

proportions. The major increases came
in the spring months. In the nonmanufacturing industries, on the other
hand, increases in emplo^yment and
average earnings were about equally
important components of the increase
in payrolls; hours showed little change
for the period as a whole.
Analysis of the behavior of private
payrolls over the summer indicates that
the recovery in payrolls had generally
not spread beyond the industries in
which expansion initially originated.
The only exceptions were the service
and agriculture industries which picked
up speed in the third quarter. Of
course, there are many industries in
which payrolls are slow to respond to
general economic expansion. In a few
industries payrolls declined as the
summer wore on. These were food,
textiles, petroleum and coal, and
mining. The auto industry, of course,
reduced operations for the model
changeover. In spite of these diverse
movements, total payrolls expanded in
line with the general growth in demand.
Profits rise sharply in second quarter

As both volume and margins moved
sharply upward in the spring quarter,
corporate profits rebounded vigorously
1958
1959
1960 1961 1962
from the winter recession lows to
Quarterly, Seasonally Adjusted, at Annual Rates
$45/0 billion at seasonally adjusted
annual rates. This rise represents one* Before taxes, and including inventory valuation adjustment
third of the GNP advance.
U.S. Department of Commerce, Office of Business Economics
6! - 10-7
Profits after taxes rose almost $3 billion to $23 billion. Undistributed profretarding effect on activity of the its went up a like amount, a
severe winter was undoubtedly an typical response in periods of rising
profits as corporations maintain level
important random factor in these and
dividend payments in line with longsupplier industries.
term corporate financial policy.
Payroll gains due chiefly to increased
Almost two-thirds of the recovery in
e mploy men t
profits took place in manufacturing.
So far in the recovery, half the in- The only other substantial advance
crease in private payrolls reflected occurred in trade. In manufacturing,
higher emplo3'inent levels; increases the increase centered in durables. This
in average earnings contributed a rise in hard goods manufacturing profits
somewhat smaller proportion, and the was over three times the increase in
lengthening of the workweek was the nondurables. By individual industry,
least important factor. As between the leaders were: automobiles and automanufacturing and nonmanufacturing, mobile equipment, food and kindred
somewhat different patterns emerge. products, primary metal industries, and
In manufacturing, employment gains, chemicals and allied products.
An increase in profits, such as that
again, accounted for half of the payroll
shown
in the second quarter, is
increases, while the remaining half
characteristic
of the expansion phase
stemmed from longer hours and higher
average earnings in approximately equal
(Continued p. 16)

BY SAMUEL PIZER AND ZALIE V. WARNER

Foreign Business Investments in the United States
New Survey Shows Steady Growth
count for nearly one third of the total—
$2.2 billion; their share was slightly
higher in 1950, and they held about half
the total early in this century. About
40 percent of the British investment is
in the insurance industry, in which
United Kingdom firms have long had
an important position. Other sizable
holdings are in varied manufacturing enterprises, a major petroleum
company, and in trading establishments.
Other European investors had a combined direct investment of $2,5 billion
in the United States at the end of 1960,
about 2% times the 1950 amount.
Netherlands companies hold a substantial part of this total, as indicated in
table 2, with petroleum investments
predominating. Other sizable Netherlands investments hero are in manuOREIGN investors have maintained most countries were prevented by ex- facturing, particularly in artificial fibers,
substantial investments in the United change controls during the war and chemicals and electronics. Swiss interStales throughout our history, but the earlier postwar years, and investments ests are also substantial, accounting for
major emphasis has been on portfolio valued at over $150 million were vested a large part of the investments in the
holdings of securities rather than direct from enemy owners by the Alien field of chemicals and pharmaceiiticals,
and also for a sizable share of the total
investments. In 1929, as shown In the Property Custodian.
first chart, total foreign direct investFrom 1950 through 1960 growth for the insurance industry.
ments here amounted to about $1.5 bil- averaged $350 million annually with
In the case of Belgium and France,
lion, while portfolio investments at that only moderate deviations from year to investments are sizable but growth lias
time were valued at over $4 billion,
year. Capital inflows averaged $155 been relatively slow. German and
According to the new survey, foreign million annually in the period—in only Italian interests here were taken over
direct investments in the United States 2 years, 1956 and 1959, did it exceed during the war, but by the end of I960
at the end of 1960 totaled $6.9 billion, $200 million. Reinvested earnings aver- Italian investments greatly exceeded
double the 1950 amount. Foreign port- aged $170 million in the period, and earlier amounts, while German investfolio holdings of U.S. corporate securi- there were also some upward revisions ments, though expanding, were still subties and other long-term assets in 1960 of assets. There does not yet appear stantially under the 1941 amounts, eswere valued at $11.5 billion, so that to be any sustained increase in the rate pecially in the manufacturing industries.
direct investments had moved up since of flow of foreign industrial capital to
Canadian direct investments in the
1929 as a proportion of total long-term the United States, although there has United States have ranked next in size
foreign investments here. For both been evidence of increased interest by to those of the United Kingdom since
types of investment, most of the gain European companies.
the early part of this century. They
in value, at least since World War II,
accounted for about one quarter of the
represents reinvested earnings or rising Investment by Countries— total in 1941, and that proportion was
market values, rather than inflows of
maintained in 1960 when the total was
British Holdings Largest
foreign capital to the United States,
$1.9 billion. Canadian investments
Between 1941 and the end of 1950
Investors from the United Kingdom here have several special characteristics.
foreign direct investments here in- have consistently been the largest hold- The largest foreign direct investment in
creased by an average of about $100 ers of direct investments in the United utilities in the United States arises from
million annually. Capital inflows from States. Currently British investors ac- the extension into the United States of

11
JL HIS report summarizes the principal
findings of the comprehensive survey of
foreign-controlled U.S. enterprises now
being completed by the Office of Business Economics. Final detailed results
will be issued earl}" next year in a supplement to the SURVEY OF CURRENT
BUSINESS: Foreign Business Investments
in the United States. With the results
of this study, giving benchmark data
for 1959, it is now possible to provide
more reliable data on the extent of foreign direct investments in U.S. business
enterprises, the industries concerned,
the principal investing countries, and

the effect of these enterprises on our
domestic economy and balance of international payments. Revisions of earlier
estimates of their earnings, capital flows,
income payments, and valuations have
also been extended back to 1950 and
carried forward to 1960.
Taken together with the companion
report, U.S. Business Investments in
Foreign Countries, issued in December
1960, a wide range of data is provided
on the scope and effects of the extension
of U.S. enterprise abroad and of the corresponding foreign investments within
the United States.

Background and Growth of Investments



12

SURVEY OF CURRENT BUSINESS

the major Canadian railroads, and were then by far the largest group, now
sizable investments are connected with account for under 10 percent of the
the U.S. branches of Canadian life total. Chemicals and related products
insurance companies and banks.
have been a major field for investment
About $300 million of the Canadian for many years, while the relative imdirect investments here are owned by portance of investments in pulp and
Canadian companies controlled in the paper production has increased.
United States. This includes most of
Investments in finance and insurance
the petroleum investment. In addi- have consistently made up a sizable
tion, many of the Canadian companies part of foreign direct investments in
with large holdings here, although not the United States, accounting for about
controlled in the United States, have one quarter of the total since the 1930's.
substantial amounts of their stock
owned in the United States.
Direct investments in the United FOREIGN DIRECT INVESTMENTS IN
THE UNITED STATES
States from other areas are compara• Have Risen Substantially in
tively small. For Latin America, the
Postwar Period
principal investment is in trading com• Over Half Held by Canada and
panies. Japanese direct investments in
the United Kingdom
the United States now are considerably
larger than ever before; manufacturing Billion $
investments of some size have been es- 8
tablished, while some old trading and
financial firms have returned and new
ones are being established.
Other
Investment by Industries—
Manufacturing Leads

Switzerland

Netherlands

Many foreign manufacturing companies, principally European and a few
Canada
Canadian firms with a leading position
in their industries through patents,
production techniques, or extensive
experience, long ago established production facilities in the United States.
A wide range of commodities has been
involved, including many chemicals,
artificial fibers, specialty food products
1929
41
50
60
and beverages, textiles, paper products,
and many types of machinery. Fre- U.S. Department of Commerce, Office of Business Economics
61-10-9
quently the original foreign investment has been merged into, or sold to a
U.S. competitor. The contribution of Over half of the total represents the
foreign manufacturing enterprise to the long-standing interest of British inU.S. economy has been mainly to surance companies and banks in the
widen the spectrum of products avail- U.S. economy. Canadian and Swiss
able, occasionally introducing products participations in this industry are also
of considerable importance. Foreign- large.
Foreign petroleum investments in
controlled enterprises have little weight,
in the aggregate, in any major branch the United States consist mainly of the
of U.S. manufacturing.
British-Dutch interest in a major inOver time, the commodity composi- tegrated company, the extension of
tion of the manufacturing investments Canadian pipelines into the United
has changed considerably. Food prod- States, and a few smaller distributing
ucts and beverages are now the largest and producing companies. Mining ingroup (table 3) but ranked third in the vestments by foreigners are valued at
1930's, while textile products, which less than $100 million, although earlier




October 1961

in the history of the United States a
sizable amount of foreign capital entered this industry. Investments in
agriculture are now also quite small.
Investments in trading and distribution include some retail establishments
but consist mainly of firms organized to
handle wholesale distribution of foreignmade products in the United States.
Contrast With U.S. Investments Abroad
There are profound differences both
in size and effect between foreign direct
investments in the United States and
the same category of U.S. investments
abroad. U.S. investments abroad are
approximately five times as large, and
have nearly tripled since 1950, compared to a doubling of foreign direct
investments here. Investments in resource development arid related processing facilities make up nearly one-half
of U.S. direct investments abroad, but
account for less than one-fifth of the
foreign investment here. On the other
hand, the foreign investment in U.S.
financial and insurance enterprises
greatly exceeds comparable U.S. investments abroad.
A comparatively small number of
European countries, and Canada, account for nearly all foreign direct investments here, while U.S. companies
have invested in a wide range of countries. More recently, however, the
interchange of direct investments between the United States and the industrialized countries has become a greater
proportion of the total.
Earnings of foreign direct investments in the United States, at $385
million in 1960, were not much more
than one-tenth of the amount earned
by foreign subsidiaries and branches of
U.S. companies. Moreover, while earnings abroad have doubled since 1950,
lagging somewhat behind the growth of
investments, earnings on foreign direct
investments in the United States have
increased only slightly. These differences in earnings in part reflect the
varying industry composition of the
investments, but also appear to be in
line with the general profits experience
of industry abroad as compared with
U.S. industry.

October 1961
Balance-of-pay merits

effects

The impact of foreign direct investments in the United States on our balance of payments is relatively minor.
Payments of dividends, interest and
branch profits have tended to rise
moderately in the past decade, and on
the average have exceeded capital inflows by about $40 million annually.
In addition, payments of fees and
royalties are currently at a rate of
about $40 million a year.
Offsetting these outlays, there is some
savings on U.S. imports to the extent
foreign-owned plants here produce items
which otherwise might be brought in
from abroad. On the whole, however,
the effects of these investments on our
international transactions are insignificant compared to the results of the
foreign operations of U.S. companies.
Moreover, the latter typically also have
a sizable impact on the domestic economies of the countries in which they are
located.

SURVEY OF CURRENT BUSINESS

13

(finance and insurance excluded) at the
end of 1959, and U.S. residents had
provided $3.4 billion of the capital
employed. Total liabilities of the companies were $4 billion, mainly shortterm, and almost two-thirds of this
was owed to U.S. residents. Of the
nearly $4% billion equity investment in
capital stock, surplus, and home office
accounts (after consolidating subsidiaries), the foreign share was over 80
percent, however, and the U.S. equity
ownership was mainly confined to

is in firms incorporated in the United
States. Unincorporated branches here
of foreign companies are significant only
in the finance and insurance categories,
where this form of organization is
usually necessary because the full
resources of the parent are to some
extent involved.
In other industries, about 10 percent
of the manufacturing investment is held
in the branch form. This proportion is
probably less than in the early postwar
years, as certain tax advantages for

COMPARISON OF DIRECT INVESTMENTS—
• FOREIGN INVESTMENTS Here About One-Fifth of U.S. INVESTMENTS Abroad
• Growth of Foreign Investments Here Less Than in U.S. Investments Abroad
• Heavy Concentration in Manufacturing and Petroleum
FOREIGN IN THE U.S.
Billion $
4
0
0

12
FX££X 1950

1960

Manufacturing

Structure of Investments
Total assets of the enterprises in the
United States controlled from abroad
were $8.4 billion at the end of 1959, the
year covered by the complete survey,
after consolidating domestic subsidiaries, and exclusive of financial and
insurance enterprises. Gross fixed assets were $6.3 billion, reduced to $3.4
billion when depreciation reserves are
deducted. Thus net fixed assets were a
little over 40 percent of total consolidated assets.
Of the net fixed assets, $1.4 billion
were employed in the petroleum industry and $1.2 billion in manufacturing.
These amounts represent roughly 6 percent of the net fixed assets of the domestic petroleum industry (integrated companies) and 2 percent of such assets
employed in other manufacturing industries. The foreign-controlled companies
had somewhat lower ratios of net fixed
assets to total assets than all domestic
corporations in these industries.
Current assets of $4.4 billion were
centered in the receivables and cash
assets of the manufacturing and trading
companies.

minority interests in a few large petroleum and manufacturing enterprises.
This structure of ownership is quite
similar to that for U.S. direct investments abroad, which obtained 40 percent of their invested funds in the
countries where they were located.
The foreign share was also mainly in the
form of debt, with the proportion of
equity ownership by minority stockholders abroad aggregating only about
20 percent of the total equity investment.

Foreign and U.S. ownership

Subsidiaries predominate

Foreign investors had an investment
of nearly $5 billion in these enterprises

Over 80 percent of the value of foreign
direct investments in the United States




U.S. ABROAD

Petroleum

Finance
& Insurance

All
Other

U.S. Department of Commerce, Office of Business Economics

this form have been eliminated.
Largely because of tax advantages in
the mining and petroleum industries,
a larger proportion of U.S. direct investments abroad is organized as branches.
A very large part of the accumulated
foreign investment in the United States
is in subsidiaries and branches originally
organized or acquired before 1941.
Some 80 percent of the investment in
manufacturing is in these old-established enterprises. From 1950 through
1959 a considerable number of new
manufacturing enterprises were formed,
accounting for nearly 20 percent of the
1959 investment total.

14

SURVEY OF CURRENT BUSINESS

Earnings and Output
.LEARNINGS of the foreign-controlled
enterprises here have ranged generally
between $300 million and $400 million
a year in the past decade, with a tendency to rise in the last 2 years. This
overall experience is not dissimilar from
the behavior of all U.S. corporate
profits (after tax), which showed no
sustained trend in the period. In both
cases, although the record of individual
companies varied greatly, the overall
result was a gradual decline in the ratio
of profits to capital employed. As
noted above, U.S. direct investments
abroad had a generally better earnings
result.
Earnings of manufacturing companies
have shown the strongest gains in
recent years, and have been greater in
most years than those of any other
major industry. However, aggregate
earnings of the foreign investments in
manufacturing in relation to the
amounts invested appear to be somewhat lower than for all domestic manu-

ASSETS AND OWNERSHIP OF FOREIGN
DIRECT INVESTMENTS IN THE
UNITED STATES/ 1959
© Current Assets Make Up More Than
HaSf of Total
® U.S. Residents Own Substantial
Minority Share
Billion $
10

8

4

2

-

-

Income paid out

For the 1950-60 period as a whole,
nearly 60 percent of all earnings of
foreign direct investments in the United
States were paid out as dividends or
branch profits. The latter are for the
most part not actually transferred
abroad but reinvested here. Eliminating the branches, the proportion of
corporate earnings distributed abroad
has been roughly 50 percent.
There has been a moderate rise in
income payments abroad in recent
years, reaching a peak of $247 million
in 1960 when dividend payments by
petroleum companies rose sharply.
A major share of the income payments is accounted for by the finance
and insurance enterprises, mainly in the
form of branch profits and interest payments.
Dividend distributions by
petroleum companies have tended to be
less than one-third of earnings. Manufacturing investments have gradually
increased the amount of dividends paid
abroad, although over the past decade
distributions have averaged only about
one-third of earnings.

corporations, and at least $0.3 billion of
branch profits was retained in the
United States.
Retained earnings accounted for
nearly half of the $1.5 billion added to
manufacturing investments since 1950,
and reinvested earnings were equal to
seven-eighths of the entire increase of
$800 million in the petroleum industry
in the period.
Sales and expenses

Total sales and revenues reported by
the foreign-controlled companies in
1959 were $8.1 billion (excluding finance,
insurance, and distribution). Income
from other sources was minor.
Sales of the petroleum companies
were $2.4 billion, very largely by one
large company with a sizable participation in the domestic industry.
Manufacturing companies had sales
of $5.1 billion, of which the largest
components were $2.3 billion in food
products and beverages and $0.9 billion
in chemicals and related products. In
the aggregate, these amounts are quite
small proportions of total domestic
corporate sales, although in a few
specific products, such as alcoholic
EARNINGS OF FOREIGN DIRECT
INVESTMENTS in the United States
• No Marked Trend in Decade
• Major Industries as Weil as Total
Held Steady
Million $
500

400 -

300 -

200

Retained earnings finance growth

-

TOTAL
ASSETS

TOTAL

OWNED
ABROAD

OWNED
BY U.S.
RESIDENTS
LIABILITIES AND
NET WORTH

*Not including finance and insurance
U.S.

facturing, at least in recent years.
Within the aggregate individual companies have had extremely varied
results.
Earnings of the petroleum enterprises have likewise shown little overall
upward trend. Insurance company
earnings have varied little from year to
year, except for the 1956-58 period
when underwriting results were very
poor. Earnings of other financial enterprises, mainly banks, have risen moderately over the past decade, as increasing
amounts have been loaned and invested
in the United States through these
firms.

October 1961

Department of Commerce, Office of Business Economics




61-10-1

As noted earlier, the high proportion
of earnings retained in the United
States has been the most important
factor in the postwar growth of foreign
direct investments here. Of the $3.5
billion added to the value of these
investments between 1950 and 1960,
$1.7 billion was undistributed profits of

100

1950

52

54

56

58

U.S Department of Commerce, Office of Business Economics

60
61-10-12

SURVEY OF CURRENT BUSINESS

October 1961
Table 1.—Value of Foriegn Direct Investments in the United States, by Area and
Industry, for Selected Years

Table 4.—Composite Balance
Sheet of
Foreign Direct Investments 1 in
the
United States, 1959.

[Millions of dollars]
Areas and industries

[Millions of dollars]
1955

1959

1960

3,391
All areas, total- _ _.
Petroleum
405
Manufacturing
1 138
Finance and insurance. .. 1, 065
Other
_
784

5,076
853
1,759
1,499
965

6, 604
1 184
2.471
1,734
1,215

6,910
1,238
1 238
2,611
2 611
1,810
1,251

Canada
1 029
Petroleum
56
Manufacturing
468
153
Finance and insurance _ _
Other _
352

1 542

1,8%

179
456

556

1,934
1 934
203
932
246
553

Europe, total _ _
2,228
Petroleum. _ _ _ _
349
Manufacturing
669
870
Finance and insurance- -_
Other
340

3,369
657
1,040
1,272
400

4, 452

United Kingdom _
1,168
Petroleum
95
Manufacturing
337
554
Finance and insurance.- 182
Other -

1,749

2,167

836
199

1, 059
Other Europe, total
Petroleum
_ _ _
254
M an uf act ur i ng
332
316
Finance and insurance. _ _
Other
158

1, 620

134

165

1950

Other Areas, total
Petroleum
Manufacturing
Finance and insurance. _ _
Other

196
711

207
907

Europe

4,420

1,229

2, 803

389

1, 244

38

1,193

13

118
6, 258
2, 820
377
9. 5Si8

6
1,673
510
140
2,575

109
4,451
2. 285
181
6,453

3
134
24
570

1, 356
860
2,217

357
96
451

600
754
1, 354

Net Worth
Capital stock __
Surplus and surplus reserves
Home office accounts
(branches)

1,770

405

1, 283

82

3, 498

799

2,663

37

927
995

2,248
339
722
953
234

306

17

290

1

2,285
656
801
523
304

2,459
689
889
551
330

Total

5,574

1.222

4,236

118

269
60
134

1

8

256
4
63

42
92

48
109

57
131

1. Excludes finance arid insurance.
NOTE — Tho, pnrrmnsito balmice sheet includes b nth the

NOTE.—Detail may not add to totals because of rounding.

Table 2.—-Value of Foreign Direct Investments in the United States, by Industry and
Country, 1959
[Millions of dollars]

Fetro] c urn

Total

Manufacturing

Transportation and
utilities

Finance
si ml
insurance

Trade

Other

6,604

1,184

2,471

402

614

1,734 |

199

Canada

1, 896

207

907

354

143

227 ;

59

Europe, total
United Kingdom
Belgium
France
Germany
Italy _
Netherlands... _
Sweden
Switzerland
Other

4,452
2,167
153
161
84
58
892
154
716
67

972
316
35

1,501

32

365
122
27
43

1,451
927 I
(**)
1

131
103
80

49 \
20
10
42

20
4
1
9
20
5
27

All areas, total

__

._ _

Latin American Republics, total

129

Other areas, total
Japan_
_ _
Other

127

(**)

698
6
49
25
17
197
104
395
8

607
(**)
(**)

4

(*)

(**)
(**)

5

(**)

(*)

10
53

80
46

[Millions of dollars]
1950-56
aver- 1957 1958 1959 1960
age
Capital flow to the United
States (outflow (— ))

144

Total
Petroleum
Manufacturing
Finance and insurance. Other.
Canada
Petroleum
Manufacturing
Finance and insurance- - _
Other
Europe _
_ Petroleum
M anuf a ct ur in g
Finance and insurance. _.
Other. .
Other Areas
Petroleum
. ...
Manufacturing
Finance and insurance. .
Other

18
64
35
27
70
16
24
10
20
72
2
39
25
5
3
(*)
1
(*)
1

155

97

235

14 -13 -16
70 145
88
29
19
21
28
77
19
31
75
_o
(*) — 19
21
40
6
11
G
18
26
19
46 174
6!)
16 -13 (*)
31 1 1 5
40
21
6
5
38
19
8
11
12
21
4
24
8
16
2
2
1
12

I

140
-15
68
65
22
18
— 14
-2
30
4
113
67
33
16
10
2
3
3
2

Earnings 1

68

NOTE.—Detail may not add to totals because of rounding.

Areas

Table 5.'—Foreign Direct Investments in
the United States, Capital
Inflows,
Earnings, Income Payments, and
Undistributed Profits, by Area and Industry, 1950-1960

Other
areas

2, 315
1, 709
4 024

316
698

436
201

Canada

Liabilities
Short-term
Long-term
Total

1, 501
1. 451
528

453
530

Assets
Current
_ _
Investment in U.S. affiliates - .
Investment in foreign
affiliates
Fixed assets
Less: related reserves
Other assets
Total

Total

4, 707
1,028
1,
611
1 611
1, 504
564

972

204
510

Items

15

13

30
35
20
35
18

13

80

19

3

3

26

38
16
22

6
51
11

2
10

(**)
280

(**)

12
12

(**)
(**)

*Less than $500,000.
**Included in other industries.
NOTE.—Detail may not add to totals because of rounding.

Total
..
Petroleum
Manufacturing _
Finance and insurance- .
Other
Canada
Petroleum
Manufacturing
Finance and insurance. _ .
Other
Europe
Petroleum
Manufacturing
Finance and insurance
Other
_
Other Areas 0
Manufacturm "
Finance and insurance
Other
Income payments

320
100
107
81
31
84
6
49
19
10
?34
94
58
62
21
3
]
1
1

300
111
103
51
35
71
14
25
29
3
225
M7
77
21
30
6
1
3

326
94
132
67
33
97
14
43
39
1
224
80
87
26
31
5
2
2
1

415
118
154
114
30
102
12
58
35
-5
30!)
106
93
34
4
2
2
—1

385
114
135
105
29
88
10
47
35
-4
290
104
88
65
32
5
1
3
1

181
34
47
73
26
60
3
26
21
11
118
31
21
49
16
3
3

187

213
97
64
94
28
101
14

219
20
66
110
24
84
3
23
47
12
12>
17
43
57
12
6
0
1

247
46
66
112
23
89
3
23
52
11
154
43
43
55
13
6
6
(*)

167
68
70
16
14
43
5
30
1
6
122
62
38
15
7
3
1
(*)
1

157
92
55

233
100
93
25
16
46
12
38
3
—7
185
87
53
23
22
3
2
1
1

174
69
72
19
14
34
10
27
3
-6
136
59
44
15
19
4
1

9

2

Total
Petroleum
M anuf act ur ing
Finance and insurance . _ .
Other
Canada
__
_
Petroleum
M anufacturing
Finance and insurance
Other. _
Europe
Petroleum
Manufacturing
Finance and insurance _
Other
Other Areas
Finance and insurance
Other

59
73
33

82
4
31
36
11

99
18
28
31
g
6
(*)

9d

52
11
105
13
40
35
6
5
1

Undistributed profits *

Table 3.—Value of Foreign Direct Investments in Manufacturing in tbe United States, by
Major Product Groups and Areas, 1959
[Millions of dollars]

Total

Areas

All areas, total
Canada

__

Europe total
United Kingdom
Switzerland
Other.
._-

Food prod- Chemicals
ucts and
and allied
beverages
products

_-

_ _
_ .__

Other areas total

2,471

931

465

125

275

907

502

15

86

163

1 501

698
395
407

427
280
111
37

447
101
252
94

39
11

111
27

83
15

83

68

63

1

3

* Less than $500,000.
**Included in other Europe.
NOTE.—Detail may not add to totals because of rounding.




Primary Machinery,
and fabri- except elec- Electrical Other mantical
machinery ufacturing
cated
metals

(**)

(**)

28

1

83

592
140

(*)

394
263
16
114
58

Total. _
___
Petroleum
M anufacturing
Finance and insurance _ _ .
Other
Canada
Petroleum
Manufacturing
finance and insurance...
Other
Europe..
Petroleum _ .
Manufacturing
Finance and insurance
Other
Other Areas
._
Manufacturing
Finance and insurance...
Other

-2
12

17
13
1

3
(*)

136
79
53
-6
10

4
1
1
?

156
70
78
—6
14
28
3
26
—1
124
66
50
15
4
2
1
1

1

*Less than $500,000.
1. Foreign share only.
2. Dividends, interest, and branch profits paid abroad after
withholding and other taxes. Detail may not add to totals
because of rounding.

SURVEY OF CURRENT BUSINESS

16
beverages, the share of these companies
may be of some importance.
About three-quarters of the sales
proceeds were used in 1959 to cover the
cost of goods sold and depreciation.
Income taxes paid here amounted to
over $200 million, and a comparable
amount was paid for other taxes.
Other expenses, and unallocated costs,

amounted to $1.1 billion. Net earnings
on these sales were about $320 million.
Sales and distribution enterprises
controlled abroad reported sales of $4.3
billion, with costs of goods sold amounting to $4 billion and income taxes to
$34 million. Net income of these
trading companies in 1959 was $36
million.

Table 6.—Sales, Expenses and Net Income of Foreign Direct Investments in the United
States, by Area and Industry,1 1959
[Millions of dollars]
Income
Areas and industries

Net
sales
and
revenue

Dividends
and
interest 2

Other

Total
income

Cost
of
goods

Depreciation
and
depletion

Other
U.S.
taxes

Income
taxes

Other

75
1
58
13

58
(*)
13
24

8,195
123
2,427
5,167

5,926
81
1,584
3, 891

340
9
224
88

223
5
40
168

202
1
69
118

1,138
18
313
739

7,830
115
2, 230
5,004

355
98

1
1

18
3

374
103

294
76

15
5

5
3

13
1

54
15

381
100

365
9
197
163
>7
3

Canada
Mining and smelting
Petroleum
M anuf acturing _
T r a n s p o r t a t i o n and
utilities
_ _
Other

2,512

5
1

*U
'3
5

2,529
54
163
2,073

2,016
41
97
1,677

56
4
18
25

66
3
9
54

71
1
5
53

256
4
21
202

2,466
52
150
2,011

63
2
13
62

2
1

224
16

195
6

9
1

12
(*)

25
4

240
13

-16

Europe
Mining and smelting
Petroleum
Manufacturing
T r a n s p o r t a t i o n and
utilities
Other .
__

5, 483
69
2, 196
3,020

45
(*)

3, 865
40
1,487
2, 179

281
5
206
60

155
2
32
113

127

\\

5, 597
70
2, 265
3, 046

64
61

868
14
291
533

5,296
63 !
2, 080
2, 947

301
7
184
99

118
80

(*)
(*)

16
2

135
82

92
67

5
3

6
2

1
1

21
9

125 1
81 i

10
1

Other areas
Manufacturing. _ _ _
T r a n s p o r t a t i o n and
utilities
Other

68
47

(*)
(*)

2
(*)

70
49

46
36

4
2

2
1

3
3

14 !
5

68
46

1
3

15
5

<•>

(*)

10
6

8
2

16

3

222
14

(*)
(*)

4

68
(*)
58
8

1

(*)

(*)

1

(*)
(*)

r,
(*)

3

!

-1

-i

1. Excludes trade, finance and insurance.
2. Includes $43.0 million of dividends paid by domestic subsidiaries to U.S. parent organizations, representing a duplication of income.
* Less than $500.000.
NOTE.—Detail may not add to totals because of rounding.

National Income and Profits
(Continued from p. 10)
of the business cycle. As production
and sales rise in a typical recovery
period, higher-than-average gains in
productivity are achieved in key industries as productive capacity and
personnel are more fully utilized. Fixed
costs can be spread over a larger volume
of production. In addition, the fruits
of technological developments, and



Inflows of foreign capital for direct
investment in the United States have
tended to rise somewhat over the past
decade, although the movement from
year to year has been irregular.
About 55 percent of the capital inflow in the past decade came from
Europe, and over 60 percent of the
1959-60 inflow. Forty percent of the
inflow since 1950 has come from
Canada, but with a considerable falling
off in 1959-60.
Inflow largest for

Net
inTotal come expenses

8,062
122
2,356
5,131

(*)

Capital Flow to the United
States

Expenses

All countries, totalMining and smelting
Petroleum__ _ . _
Manufacturing
T r a n s p o r t a t i o n and
utilities
Other. ._

160
2,063

October 1961

cost-cutting programs that are instituted when demand is slack, materialize
in periods of expanding production and
sales. The data on profit margins in
the recent period are consistent with
such expectations. In manufacturing,
margins appear to have risen substantially in the second quarter, principally
in the durable goods area.

manufacturing

Half of the capital inflow for direct
investments in the United States since
1950 has been for manufacturing enterprises. Inflows for this industry registered highs of over $100 million
annually in 1955 and 1956, and again
in 1959.
In the earlier 2 years most of the
incoming funds were to old-established
Canadian and United Kingdom investments. In 1959 a record inflow of $145
million for manufacturing occurred as
inflows of this type were combined with
large inflows for newer investments in
several branches of manufacturing-, including larger inflows from continental
Europe.
Petroleum investments in the United
States by foreign companies have involved very little capital inflow since
1950. The largest flows were from
Canada in the 1952-54 period when
connecting pipelines were being
financed. These investments are being
amortized and there have been net outflows since 1959.
Sizable capital inflows for the insurance industry reflect primarily the
retention here of branch profits. Variability in the capital flow results mainly
from the sharp swings in earnings in
some years.
For the "other" industries taken
together there is no evident trend in
capital inflows, although peaks of about
$75 million were registered in 1956 and
again in 1959. In the former year
there were large Canadian investments
in retail trade, while much of the increase in the inflow in 1959 was connected with wholesale distribution of
automobiles and other products.

BUSINESS STATISTICS
EFFECTIVE with this issue of the SURVEY, the format of the Business Statistics Section (pages prefixed by the letter "S") has
been changed to include additional columns containing recent annual averages (or totals). To accommodate this change within
the space allotted, it was necessary to omit some series and to modify certain units of measurement. Retention of averages for
the latest years in the monthly SURVEY should improve the usefulness of the magazine for current economic analyses. Annual
averages from 1939 through 1960 appear in the recently released 1961 biennial BUSINESS STATISTICS volume. It should be noted
that the annual averages shown here incorporate all revisions issued to date and may differ, in some instances, from those in the
1961 BUSINESS STATISTICS volume, which was sent to press last June. Where differences occur, the revised average is so indicated.
* * * *and
* trade firms, formerly shown in the front section of the
The table providing inventory-sales ratios for manufacturing
magazine, will now be shown in the Business Statistics Section (see p. S-5).

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1958 | 1959

II

Annual total

1959

1958

1960

III

IV

I

II

1960
III

IV

1961

IV

III

II

I

I

II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income, total..
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, totalcf1
Business and nrofessionalcf
Farm
Rental income o f persons
_ _ _ _ _ _
Corporate profits and inventory valuation
ment, total
..
Corporate profits before tax, total
Corporate profits tax liability.
Corporate profits after tax
_
Inventorv valuation adjustment

417. 1

360.2

370.1

381. 7

390. 7

405. 2

399. 4

402.8

413.5

419. 2

419. 0

416.5

412. 2

426. 0

278.4

293.7

253.4

258.9

263.7

270. 6

280. 0

280.5

282. 4

290.2

294.6

296. 0

294.0

292. 6

300. 2

239.8
196.6
9.8
33.5

258.5
213 2
9.9
35 4

271.3
223. 0
9.9
38.5

236.3
193.5
9.7
33.2

241.6
197.6
10.0
34.0

245.8
201.5
9.9
34.4

251.4
206. 7
9.9
34.8

260. 1
215.0
9.9
35.3

260.3
214.8
9.9
35.7

261.9
216.0
9.8
36.1

268.3
221. 4
9.8
37.1

272.4
224. 6
9.8
38.0

273.2
224.2
9.9
39. 1

271.3
221.6
10.0
39.7

270.1
219 7
10.1
40 3

277
226
10
41

do__

17.3

20.0

22.4

17.1

17.3

17.8

19.2

19.9

20.2

20.5

21.9

22.2

22.7

22.7

22.5

22 9

do
do
do
do
adjustbil.$

46 1
32.5
13 5
12.2

46 3
35.0
11 3
11.9

48.2
36.2
12 0
11.7

45.6
32.1
13.5
12.3

46.2
32.7
13.4
12.2

46.5
33.5
12.9
12.1

46.6
34.1
12.5
12.0

46.7
35.2
11.5
11.9

45.9
35.3
10.6
11.8

46.1
35.3
10.8
11.7

46.3
35.8
10. 5
11.7

48.6
36. 4
12.3
11.7

48.7
36.3
12.4
11.7

49.0
36.3
12.7
11.7

48 9
36.0
12 9
11 5

49
36
12
11

37.2

46.4

45.1

34.4

37.9

43.8

45.3

50.2

44.4

45.5

47.4

45.9

44.1

42.9

40 0

45 5

46.8
23.1
23.7
-.5

45.0
22 3
22.7
.0

34.1
17.0
17.1
.3

38.2
19.0
19.1

44.7

46.1
22.8
23.4
-.9

51.5
25.4
26.1
— 1.3

44.8
22.1
22 7
-.4

44.9
22.1
22 7
7

48.1
23.9
24.2

46.3
23.0
23.3
-.4

43.2
21.4
21.7
.9

42.6
21.1
21.4
.3

39 6
19.6
20 0
.4

45 2
22. 4
22 8
.3

bil. $

367.4

do

257. 1

do
do
do
do

do
_.do
do
do

37.4
18.6
18.8

399. 6

9

22.4
-.9

3
0
1
2

2
3
9
5

do

14 8

16 6

18 4

14 5

15 0

15 6

16 2

16 4

16 7

17 0

17 8

18 3

18 6

18 9

19 °

19 6

do

444. 5

482.8

504.4

437.2

447.0

460. 6

472.2

488. 5

482.3

488. 3

501. 5

506. 4

505. 1

504.5

500 8

516 1

Personal consumption expenditures, total.. do

293.2

314. 0

328.9

290.9

294.5

299. 8

305. 8

313. 6

316. 5

320.0

323.8

329. 9

329. 7

332. 3

330. 7

336. 1

Durable goods, total. _ _ _ _ _ _ _
_ _ _ do
Automobiles and parts
do
Furniture arid household equipment do

37. 3
13.9
17.4

43.5
18.1
18.9

44.3
18.6
18.8

36.3
13.5
17.0

36. 7
13.2
17.6

39.5
15.6
17.8

41.6
17.2
18.0

44.5
19.0
18.9

44.4
18.4
19.2

43.7
17.6
19.3

44.7
18.8
19.1

45.3
19.3
19.0

43. 4
17.8
18.7

43.8
18.6
18.3

39 4
14 8
17 8

42 0
If) 7
18 3

Net interest
Gross national product, total

Nondurable goods, total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil

do
do
do
do

141.6
25.7
76. 6
10. 5

147. 3
27.4
78.0
11.0

152.4
28.1
80. 1
11.6

141.1
25.4
76.9
"•0.4

142.6
26.2
76.6
10.6

143. 2
26. 2
76.9
10.6

144.9
26. 5
77.4
10.7

147.3
27.8
78. 1
10.9

147.7
27. 6
77 8
11. 1

149.3
27.8
78 7
11. 1

150 5
28. 1
78 9
11.4

153.3
28.3
80 6
11 6

152 7
28.3
79 9
11 6

153 1
27.7
80 8
11 8

153 7
27.9
81 1
11 7

1 54 1
27. 6
81 4
11 7

Services, total
Household operation. _
Housing
Transportation

do
do
do
do

114.3
16.9
37.7
9 2

123 2
18. 1
39.9
10 0

132 2
19.6
42.2
10 5

113. 5
16.8
37 4
9 1

115 2
17.0
38. 0
9.2

117. 1
17.2
38.5
9.4

119 4
17.5
39. 3
9 5

121 9
17. 8
39.8
9 8

124
18
40
10

r>7 o

128
19
41
10

131
19
41
10

133
19
42
10

6
7
7
5

135 4

137
20
43
10

139
9()
44
10

Gross private domestic in vestment, total
New construction
Producers' durable equipment
Change in business inventories

-

Net exports of goods and services _
Exports
Imports .
__

___

6
2
1
4

2
5
9
5

9Q 0

43 1
10 5

5
6
6
5

9
q
2
7

56.6

72.4

72.4

63. 0

55.8

63. 6

70. 4

79.1

68.2

71.8

78.9

74.6

70.5

65. 6

59.8

68.8

do
do
do

35 5
23.1
—2 0

40 2
25 9
6 3

40 7
27.5
4 2

34 4
22.7
—4 0

35 1
22.3
—1 6

36 9
23.4
3.3

39 0
24. 3
7 1

41 2
26.3
11 7

41 0
26 6
7

39 6
26 6
5 6

40 9
97 ]
10 9

40 7
98 6
5 4

40 4
27 7
2 4

40 7
26 7
19

39 96
24
10

41 3
94 7

r

18
25.6
23 9

2 3
26.7
24 4

30
26.8
23 8

51
99 4

5 3
27.6
92 3

39
26. 4
29 5

99. 6
52.9
45 5
46 8

101.9
54.0
45 4
48 0

101. 6
53.0
45 7
48 6

105. 0
54.7
47 9
50 3

107.3
56. 6

501.0
>6 9
96 3
160. 6
187 7
56 4

502. 7
°54 98
94
160. 6
191 2
56 7

506. 4
54 6
93 4

9

do
do
do

do
do
do
do
do
do

1.2
22.7
21 5

—.7
23.1
23 8

3.0
26.7
23 6

91 4

1.6
22.9
21 4

.4
22.7
22 3

—.6
22.1
22 7

— 1.7
22.3
24 0

21.0
24 5

0
24.1
94 Q

93.5
52.6
44 8
40 8

97.1
53.5
46 2
43 6

100. 1
52.9
45 5
47 2

92.0
51.8
44 6
40 1

95.1
53.7
44 9
41 4

96. 7
54.3
45 5
42 3

98. 7
53. 2
45 9
43 5

97.5
53.9
46 5
43 6

98. 1
54. 1
46 3
44 0

96. 5
52.9
45 9
43 6

96. 9
51.8
45 5
45 0

446. 5
231 4
83.3
148.1
164 2
50 9

476. 5
244 0
91 3
152.8
176 2
56 3

500.2
254 3
94 3
160. 0
189 3
56 6

441.2
229 5
82 3
147.2
162 96
49

448. 0
93] q
81 8
150.1
166 0
50 8

457. 3
234 3
84 0
150. 2
169 6
53 5

465. 2
238 3
88 1
150.2
170 7
56 2

476.8
944 6
92 4
152.2
174 2
58 1

481.6
947 i
93 6
153. 5
177 6
56 9

482.
7
9
16 1
90 9
155.1
182 2
54 4

490.5
250 9
93 1
157.8
183 8
55 8

33
1 4
1.9

7 i
5 4
1.7

11 7
88
2.9

7
2 0
2.7

56
2 4
3.2

10 9
9 4
1.5

Inventory change, total
do
—2 0
Durable goods output _
...
do
—2 8
36
Nondurable goods output.
... _ do
.9
2.6
T
Revised.
cf Includes inventory valuation adjustment.
9 Government sales
* For quarterly data back to 1947, see p. 34 of the July 1961 SURVEY.

Digitized for608594°
FRASER
—61
3


18 9
40 5
10 2

do

Government purchases of goods and services, total
bil. $ ...
Federal (less Government sales)
__do
National defense 9
do
State and local
_
do
By major type of product:*
Final sales, total
Goods output, total _ _
Durable goods output
Nondurable goods output
Services
Construction

4
2
1
2

4 2
2 5
1.8

1.3
22.7

4 0
4 0
-.0

16
—2 0
.4

9r

5 4
39
1. 5

4
2 0

9

161.3
1 Q4. (\
57 9

19
38
9. 0

504. 8
49 7
87 4
] 62. 3
K.7 9

0 g

50 6

513. 2
9 ^4 '-?

91 9
163. 0
C7 Q

A

O

C

0

0

1 «

2 9

are nrot deducted.

s-i

SUKVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1958

1959

1958

1860

Annual total

II

October 1961

1959

III

IV

I

II

1961

1960
III

IV

I

II

III

IV

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCO ME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted At Annual Pates
GNP in constant (1954) dollars
Gross national product total
bil $

401.3

428.4

440.8

395. 2

402.9

413.6

422.1

434. 4

426.6

430.7

441.0

443.4

440.2

438.4

433 2

445 5

Personal consumption expenditures, total _ _ d o

273.2

289.3

298.3

270.9

274.4

278.7

283.8

289.7

290.8

292.8

295.4

299. 5

298.6

299.6

297. 0

301. 6

do
do
do

35.5
133.3
104.4

41.0
138. 8
109. 5

41.8
141.8
114.7

34.7
132.3
104.0

35.1
134.3
105.1

37.5
135. 2
106. 1

39.2
136.8
107.7

41.7
139.3
108.8

41.6
139.2
110.0

41.4
140.0
111 4

42 1
140.9
112 4

42.5
142.9
114.2

40.8
142.0
115.8

41.6
141. 3
116. 6

37 6
141.6
117 8

39 8
142. 6
119 2

Gross private domestic investment, total_._do

Durable goods
Nondurable goods
Services

New construction
_
Producers' durable equipment
Change in business inventories

__

Not exports of goods and services

49.0

61.1

60.6

45.8

48.1

54.7

59.9

66.9

57.3

60.4

66.6

62.3

58. 6

54.9

49.6

57.3

do
do
do

31.1
19.4
-1.5

34.3
21.3
5.5

33.9
22.7
4.0

30.2
19.1
-3.4

30.6
18.8
—1.3

32.1
19 5
3.1

33.7
20. 1
6.2

35.2
21 6
10. 1

34.7
21 7
.8

33.4
21 9
5.0

34. 3
22 4
9.9

33.9
23 4
4.9

33.6
22 7
2.3

33.9
22 1
— 1.1

32.9
19 9
—3 2

34 1
90 3
29

do

— 2

—2 1

17

— 2

2

—1 1

—2 2

32

19

— 9

6

10

16

35

33

19

79.3
44.5
34.8

80.1
43 9
36.2

80.2
42 3
38. 0

78.6
44 4
34.2

80.2
44 9
35.3

81.2
45 4
35. 8

80.7
44 2
36.5

81.0
44 6
36.4

80.5
44 0
36.5

78.4
42. 7
35.8

78.4
41 7
36.7

80.6
42 7
37.8

81.3
42 9
38.4

80.3
41 6
38. 7

83. 3
43 1
40 2

84.7
44 7
40.0

360. 3
42.3
317.9

3*3. 3
46.0
337.3

402. 2
50.4
351.8

356. 0
41.8
314.2

364. 6
42.7
321.8

368. 2
43.1
325. 0

374.7
44.9
329. 8

384. 6
46.1
338.4

385. 1
46.4
338. 7

388. 9
46.6
342.3

395. 5
49.9
345. 7

403. 1
50.5
352. 7

405 1
50.8
354.4

405. 4
50. 5
354.9

404 7
50. 3
354 H

413 2
51.4
361 8

24.7

23.4

22.9

23.3

27.3

25.2

23.9

24.8

22.3

22.3

21.8

22.8

24.6

22.7

23 7

25 8

7.63

8.14

8.92

7.76

7.43

8.01

6.91

8.32

8.32

8.99

7.89

9.28

8.98

9.53

7 57

Government purchases of goods and services, total
bil. $_.
Federal
do
State and local
_ _
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil. $
Less: Personal tax and nontax payments
do
Equals* Disposable personal income
do
Personal savin.0" §
._
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil $

1

8 61

Manufacturing.
Durable goods industries
Nondurable goods industries

do
do_ _
do

2. 86
1.37
1.49

3.02
1.44
1.57

3.62
1.80
1.82

2.94
1.40
1.54

2.66
1.26
1.41

2.93
1.38
1.56

2.46
1.14
1.31

3.02
1.45
1.57

3.02
1.44
1.58

3.57
1.74
1.83

3.09
1.55
1.54

3.76
1.88
1.88

3.62
1.80
1.81

4.01
1.95
2.06

3. 00
1.41
1.59

3.46
1.58
1.88

Mining
Railroads
_
_ __ _
Transportation, other than rail
Public utilities
__
Commercial and other

do
-do
do
do
do

.24
.19
.38
1.52
2.45

.25
.23
.51
1.42
2.72

.25
.26
.48
1.42
2.89

.24
.20
.37
1.51
2.50

.22
.14
.32
1.63
2.45

.25
.16
.41
1.72
2.54

.21
.16
.41
1.20
2.47

.24
.26
.53
1.47
2.79

.26
.28
.54
1.48
2.74

.27
.22
.55
1.51
2.87

.22
.25
.47
1.18
2.69

.27
.29
.55
1.42
2.99

.25
.24
.47
1.50
2.90

.24
.25
.46
1.58
2 99

.21
.17
.41
1.09
2.69

.26
.18
.48
1.39
2.85

Seas. adj. qtrly. totals at annual rates:
All industries

do

30.32

29.61

29.97

30.62

32.51

33.35

33.58

35.15

36.30

35.90

35. 50

33.85

Manufacturing
Durable goods industries
Nondurable goods industries

do
do
do

11 53
5 57
5.96

10 86
5 16
5.70

10 58
4.86
5.72

11 20
5.26
5.94

11 80
5. 74
6.06

12 25
5.83
6.42

12 87
6.16
6.71

14 10
7 15
6.95

14 70
7.40
7.30

14 65
7.35
7.30

14 40
6.85
7.55

13 75
6 60
7.25

13 50
6.20
7.30

.92
. 77
1 40
5 97
9 73

.88
.63
1 29
6 10
9 85

.97
.58
1 62
6 %
9 96

.95
.63
1 71
5 80
10.33

.94
1.00
2 08
5 8'>
10 87

1.01
1.28
2.17
5 58
11.06

1.04
.85
2.15
5 48
11.19

1.00
1.00
2 00
5 75
11 35

1.05
1.10
2.15
5 70
11.60

1.00
1.00
1.90
5 60
11.75

.90
1.00
1.80
5 70
11.65

.95
. 70
1 75
5 35
11 30

1.00
.70
1.80
5 50
11.05

4, 583 2 4, 660

4, 565

4,580

4. 595

4,615

4, 635

4. 655

4, 670

4,690

4,710

4,725

4,730

4, 740

4, 755

6,401

6,421

7,266

6,646

6,062

6,666

5. 970

6, 453

6, 352

6,908

6.796

7,584

6,941

7,744

7,210

570

494

441

681

455

524

507

605

402

460

443

622

282

418

312

4,066
731
1,035

4,071
761
1,096

4, 852
801
1,172

4,193
699
1,073

3,816
703
1,088

4,196
913
1,033

3,807
633
1,023

4.074
668
1,106

4,058
716
1,176

4,343
1,026
1,079

4,607
695
1,051

4,994
752
1,216

4,676
735
1,248

5,132
1,023
1,171

5,009
817
1,072

4,910
872
1,243

5, 263

5,884

5, 832

5. 278

5,388

5,446

5,401

5,964

6,228

5,944

5,769

6,074

6,057

5,427

5,322

5, 634

3, 238
Merchandise, adjusted^fcf
- do
169
Income on foreign investments in U.S. __ _ do . _
853
Military expenditures
do
1,004
Other servicescf
do

3.824
208
777
1,076

3, 680
232
762
1,157

3,166
150
912
1,050

3.124
164
839
1,261

3, 522
188
829
907

3,594
180
780
847

3,879
193
789
1,103

3.847
207
786
1,388

3,974
250
754
966

3, 830
249
767
923

3,857
233
756
1.228

3,550
220
798
1,489

3,485
227
727
988

3,407
215
759
941

3,469
211
748
1,206

+674 +1,220

+569

+489

+124

+964 +1,027 +1,510

+884 +2,317 +1, 888

—949 —1,135 —1,022 -1,253
-164
-142
-144
-156
-979
-805
-880 -1,089

—900 -1,079 -1,012
-155
-154
-173
-857
-746
-906

_-

Mining
- - do
Railroads
do
Transportation other than rail
do
Public utilities
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted
__ .
_-thous_- 2 4, 533
U.S. BALANCE OF INTERNATIONAL
PAYMENTS
Annual Data Are Quarterly Averages
Exports of goods and services total
mil $
Military transfers under grants net
do
Merchandise, adjusted, excluding military transactionsH
mil. $
Income on investments abroad
do
Other services and military transactions
do
Imports of goods and services, total

Balance on goods and services
Unilateral transfers (net) total
Private
Government

do

-

do _ _ +1,138

2

+537 +1,434 +1,368

—1,155 —1 100 —1,064 —1,279
do
-144
-131
-158
do_ __ -135
-956
905 -1,148
-1,020
do

U.S. long- and short-term capital (net), total-do
Private
do
Direct investments
do
Government
do

-954
-711
-274
-243

-682 -1,241 -1,251
-594
-964 -1,025
—411
-343
—424
-226
-88
-277

—999 -1,157 -1,128 —1,186
-152
-135
-124
-140
-993 -1,046
-875 -1,005

-784
-451
—156
-333

+451
+930
+307
+607
Foreign long- and short-term capital (net)
do
+11
+483
+183
+569
+426 +1 . 075
Gold sales [purchases ( — )]
do
+132
+175
+76
-162
+95
Errors and omissions
do
r
Revised.
1 Estimates for July-Sept. 1961 and Oct.-Dec. 1961, based on anticipated capital expenditures of business, anticipated expenditures for the year 1961, and comparative data for 195960, appear
on p. 6 of the Sept. 1961 SURVEY.
2
Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1961
(based on incomplete data) is 4,717,000.




-893
— 726
—372
-167

-494 -1,032
-412
-738
—442
-287
-82
-294

-607
-387
—994
-220

-595
-838
-419
+243

-875 -1,110 -1,075 -1,905 -1,400
-794
-980
-924 -1,557
-651
-464 I
-331
-733
-327
-303
-420
-151
-348
-224
-386

1

33. 50

-163
-589
-934
-431
+345

+491
+ 187
+198
+554
+887
+571
+771
+858 +1,042 +1,273
+548
-330
+346
+921
+94
+72
+95
+637
+50
+347
+397
+167
-282
-9
-452
-128
-8
-117
+146
+49
-71
+100
+290
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
f Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing,
d" Excludes military expenditures.

SUEVEY OF CURRENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

1960

Monthly
average

S-3

Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income

402. 2

405.2

405.5

406.4

406.0

404.0

403.6

403.1

407.3

409.8

413.2

417.3

2 418. 6
421.2

419. 4

420.2

258.5

271.3

273.2

273.0

272.9

271.5

269. 6

269.6

269.5

271.1

274.6

277.2

280.7

282.3

282.8

283.2

107.2
84.7
68.2

110.4
87.4
71.8

110.2
86.9
72.6

110.0
86.7
72.3

109.5
86.3
72.4

108.3
85.4
72.0

106.2
84.0
71.8

106. 2
83.8
71.8

105.6
83.5
71.8

106.5
84.1
71.8

109.1
86.1
72.3

110.5
87.6
72.9

112.7
88.9
73.5

113.2
89.3
74.0

' 112.9
'89.0
74.2

112.4
88.6
74.6

do
do
do_

37.7
45.3
10.3

40.7
48.4
10.9

41.2
49.1
10.9

41.3
49.4
10.9

41.4
49.6
11.1

41.5
49.7
11.2

41.7
49.8
11.3

41.6
50.0
11.0

41.7
50.4
10.7

42.1
50.7
10.6

42.3
51.0
10.7

42.5
51.3
10.8

42.9
51.6
11.0

43.3
51.8
11. 1

43.6
' 52. 1
' 11.2

43.8
52 4
11.2

do__
do

35.0
11.3

36.2
12.0

36.3
12.4

36.3
12.4

36.4
12.5

36.4
12.8

36.0
12.8

36.0
12.8

35.8
12.9

36.0
13.0

36.1
12.9

36.3
12.9

36.4
13.0

36.6
12 9

r

36.6
12 8

36.7
12 7

11.9
13.4
23.6
27.2

11.7
14.1
26.2
29 1

11.7
14.1
26.4
29.3

11.7
14.3
26.6
29 8

11.7
14.4
26.6
30 2

11.7
14.4
26.7
30 7

11.6
14. 1
26.7
31 0

11.6
14.2
26.8
31 1

11.5
14.2
26.8
31 1

11.4
14.2
26.8
33 7

11.5
14.2
26.8
32 5

11.5
14.2
27.0
33 0

11.5
14.3
27.1
33 0

11 5
14.3
27 2
2 35 2

11 5
14.3
27 4
32 5

11 5
14.4
27 5
32 7

bil. $

i 383. 3

do

Commodity-producing industries, totaLdo
Manufacturing only
do
Distributive industries
do

Wage and salary disbursements, total

Service industries
_
Government
Other labor income
Proprietors' income:
Business and professional
Farm

.

Rental income of persons
do
Dividends
do_ .
Personal interest income
do __
Transfer payments
do
Less personal contributions for social insurance
bil. $..
Total nonagricultural income

do

1

2 405. 5

2

r

r

7.9

9.3

9.3

9.4

9.3

9.3

9.2

9.6

9.6

9.6

9.7

9.8

9.8

368.1

386.2

388.7

389.0

389.8

389.1

387.2

386.8

386.2 2 390. 4

392.9

396.4

400.2

2404. 0

' 402. 4

2,844

2,892

3,023

3,375

4,336

3,847

3,268

3,123

2,272

2,278

2,171

2,478

2,568

2,785

3 081

2,788
1,214
1 573
384
913
249

2,834
1,256
1 578
395
882
274

2,992
1,397
1 595
379
902
282

3,353
1,715
1 638
379
926
298

4,036
2,181
1 855
393
1,100
339

3,767
2,073

3,077

2,250

2,259

2,447

1,448
1 629
409
938
247

788
1 462
377
819
238

607
1 652
424
924
279

2,137
618
1 519
417
823
249

2,236

1 694
379
964
338

3,221
1, 624
1 597
403
854
316

615
1,621
448
897
256

915
1 532
427
832
246

2,714
1 289
1 425
411
748
243

3 050
1 419
1 631
396
935
268

114
113
115

116
117
116

123
130
117

138
160
120

166
203
136

155
193
124

132
151
117

126
135
120

92
74
107

93
57
121

88
58
111

92
57
119

100
85
112

111
120
105

125
132
120

129
124
133

133
130
134

143
148
140

156
174
142

191
236
156

176
222
142

146
168
130

144
163
131

102
81
118

103
57
137

97
53
130

106
52
147

120
90
142

131
134
129

141
139
143

9.4

9.8

9.8

403.2

FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total
mil. $__
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products total 9
do
Dairy products
do
Meat animals
do _
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
_ _ _ 1947-49 =100.
Crops
do
Livestock and products
- co.
Indexes of volume of farm marketings, unadjusted:
All commodities
__ 1947-49=100Crops
do
Livestock and products
do
INDUSTRIAL PRODUCTION*
Federal Reserve Index of Quantity Output
Unadjusted, total index (incl. 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
Materials ._
Durable goods materials
Nondurable materials
__

lo
lo___
lo
lo _ _
io
do
do
___do

105

108

107

108

'109

106

101

102

103

104

107

108

111

106

111

»113

105

108

106

108

110

106
100
114
97

' 101
96
106
97

101
95
109
97

102
96
111
97

103
97
112
96

107
100
115
97

108
103
115
98

111
106
118
98

105
100
112
T
95

"•111
102
r
123
T 99

pl!3
P 106
^124
P 100

123
120
r
102

110
114
117
114
100

106
108
108
108
101

106
109
101
112
101

108
111
104
114
101

107
111
104
113
101

110
113
112
114
102

110
114
113
114
102

113
118
119
117
103

109
112
104
115
102

113
l!9
97
T
126
r 102

105
99
112

102
95
110

98
90
106

98
90
108

99
90
109

101
91
111

104
96
112

107
101
113

109
105
114

103
99
108

102
110
95
115
107
110
110
110
100

104

98
117
r

' 113

97
123
111
r

104
100
107

r

99

98

110

116
114
103

115
99
121
101

112
117
110
119
102

106
102
110

104
97
110

105
100
110

114

103
119
98

102

' 116

114
r 120

r

r

r

109
103
!16

r

p 117

pl23
D

113

pl'?6
P 105
v

111

»104
"117

do_

105

108

108

107

106

105

103

102

102

103

106

108

110

112

113

P112

do _

105

108

108

107

106

104

102

101

101

102

105

108

111

112

113

»112

do
do
do
do
do__.

102
90
86
104
101

104
' 90
88
106
r
104

104
83
76
108
107

102
80
72
106
105

101
78
73
105
104

98
74
68
101
101

96
69
64
101
98

95
71
06
97
97

94
73
69
96
94

95
74
69
96
94

99
82
79
99
96

103
90
86
105
102

105
92
89
107
106

108
98
92
111
110

P 105
v 98
p 9i;>
p 106
" 106

do
do_
do

103
99
108

106
102
112

107
103
113

105
101
112

102
100
105

102
98
107

101
96
108

101
96
109

101
96
108

101
95
108

103
98
109

104
99
112

107
101
116

109
102
118

" 107

. do .
do
do

98
100

102
115
89

101

<•r 101

102

102
114
91

103
115
90

p 95
"96
r> 93

Instruments and related products
do
Clay, glass, and stone products
do
Lumber and products
_ _ __ . . . d o _ _ _
Furniture and fixtures
do
Miscellaneous manufactures
do

112
110
113

119
110
107
120
113

122
112
102

119
114

122
114
108
T>3
r
116

"120
M12

113
109
124
100
112

115
111
127
103
112

r !•>()

" 191

Seas, adj., total index (incl. utilities)
By industry:
Manufacturing, total
Durable manufactures 9
Primary metals
Iron and steel
_ _
Fabricated mp.tal products
Structural metal parts
Machinery
_ _
Nonelectrical machinery
Electrical machinery
Transportation eauipmerit _ _ _
Motor vehicles and parts
Aircraft and other equipment

Non durable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products

do
do
do
do
do

94

115
109

110
113
120
106
111

r
r
T

r

113
88

121
115

r

r

114
89

r 115
89

97
103
90

93
97
89

89
89
88

88
86
88

88
86
89

94
99
88

99
108
90

101
113
88

118
109
103
110

119
109
100
117
113

119
107
95
117
110

116
103
96
114
107

116
101
100
111
107

113
100
99
111
108

113
103
100
112
107

113
105
106
115
110

116
107
107
117
114

119
112
111
121
117

113
106
122
97
112

113
104
122
101
112

112
T 102
123
99
110

111
98
119
96
109

111
98
113
97
111

111
102
116
96
113

112
104
120
96
113

114
106
120
100
117

116
110
120
100
117

118

r

r

117
112
123
104
118

107
95
91
108
'107

r

r

110
103
120

lll
121
117
119
115
T>7
101
117

r
1
2

Revised.
p Preliminary.
The total and components are annual totals.
Italicized totals for March and July exclude stepped-up rate of, and special Government life insurance dividend payments to veterans, respectively; total disbursements of
$150 million (March) and $218 million (July) multiplied by 12 (to put on annual rate basis)




T
T

r

more recent information; revisions prior to Aug. 1960 will be shown latei

T
r

r

116
131
122

PlOl
pllO

pl24
pl!4

STJKVEY OF CURRENT BUSINESS

S-4
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

October 1961
1961

1960
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION*— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued
By industry— Continued
Nondurable manufactures— Continued
Printing and publishing
1957=100_
Newspapers
do
Chemicals and products
do__
Industrial chemicals
do
Petroleum products _
do

105
104
114
118
105

111

113
108
124
131
112

' 107

121
127
108

108
121
' 124
109

114
108
120
126
108

109
109
108
114

110
111
111
r
110
115

109
109
109
' 109
117

112
107
121
127
111

113

P114

112
106
120
125
r
106

111
104
119
125
106

110
102
118
124
106

110
104
120
127
106

110
105
123
130
108

111
105
127
135
111

113
106
••129
r
138
111

••114
109
132
141
'116

105

110
'112
115

103
110
110
111
113

10?
110
110
108
116

96
Hi
111
109
116

110
111
111
111
122

114
112
113
107
116

121
113
113
112
116

123
'114
114
117
110

115
115

'96
68
100
101
106
107

97
77
101
101
92
110

97
81
100
100
86
114

98
77
101
!01
89
116

98
77
101
101
'90
'118

'98
81
101
102
88
114

?98
P82
plOl
PlOl

'114
107
132
115

114

115
109
109
108
114

Mining _
Coal
Crude oil and natural ga*5
Crude oil
Metal mining _ _
Stone and earth minerals

do._ _
do
do
do
do__ _
do

95
82
99
98
77
108

97
••83
98
98
'97
112

98
80
100
100
r
97
116

96
77
99
99
92
114

97
81
99
99
88
116

98
77
101
101
95
113

98
81
99
98
107
109

98
78
99
98
109
111

'96
77
r
98
98
106
106

Utilities
Electric
Gas

do
do
do

115
115
114

123
' 123
123

125
126
122

126
127
121

124
125
120

123
124
118

123
124
'120

' 125
125
123

125
125
124

125
125
125

127
127

130
131

131
132

'131
132

133

P135

do
do
do__ _

107
110
HO

111
116

111
115
115

110
114
114

'•110
' 114
1J5

109
113
111

108
112
108

107

r 114

no
102

107
110
101

107
111
100

109
114
109

111
115
113

113
118
118

114
'120
'120

115
'120
118

P114
P118
^109

Automotive products
.. do
4utos
do
Auto parts and allied products do

103
96
113

117
117
117

115
114
118

r 116

r 120

'113
109
T
118

"•ion

r 119

94
78
118

90
73
115

88
71
115

103
92
120

108
101
118

113
109
120

'115
110
'125

'116
110
126

P97
p82

r 112

123
* 116

Homo goods 9
Appliances, TV, and radios
Furniture and rugs

115
114
119

115
r 112

114
108
119

112
105
119

110
103
115

110
104
114

110
106
113

108
106
109

109
109
109

110
108
110

114
111
116

117
116
117

122
123
122

124
127
'119

119
113
122

115
119
114
110

114
113
114
110

114

'113

114
106
106
106
112

Rubber and plastics products
do
Foods and beverages
do
Food manufactures __ __ _ _ _-do
Beverages
do
Tobacco products
_
_do__

By market grouping:
Final products, total
Consumer goods
Automotive and home goods

do
do do

110
116
108
106

Apparel and staples
_
do
Apparel incl knit goods and shoes do
Consumer staples
do
Processed foods
do

Business fuel and power. _.
Mineral fuels _
__ _ Nonresidential utilities

T

118
114
' 117

113
109
r

r

119

r

T

no

97

r

r

114
114
110

114
113
109

113
111
' 113
109

113
108
114
110

113
110
114
110

114
114
114
111

115
116
115
111

116
115
117
113

118
118
118
114

119
122
119
114

120
124
'120
115

pl21
^120

108
111
106
113

' 110

118
' 113
119

110
120
115
122

r 110

119
116
121

' 112
122
115
120

111
118
116
119

' 113
118
116
119

112
118
117
123

111
117
115
125

111
116
114
r
121

114
119
114
123

110
123
116
125

113
124
117
124

115
'126
119
127

126
117

do
do_ do
do
do
do. -

100
100
97
104
98
115

103
105
102
118
101

103
105
101
120
101
87

103
105
99
121
103
86

102
103
100
119
99
88

101
102
98
117
99
99

100
101
98
118
95
98

100
101
98
118
91
103

99
100
96
117
93
104

100
102
97
118
94
107

102
103
99
120
95
104

102
104
99
123
95
106

104
105
'101
125
96
98

'105
'106
102
127
98
78

pl06
^106

'92

103
105
103
121
95
83

do __
do
...do _ _ _
do
do

104
100
101
103
107

106
102
109
101
107

105
100
106
101
109

104
99
112
97
106

103
97
103
98
105

101
94
94
98
102

99
91
91
95
99

98
90
88
95
98

98
89
83
95
97

99
90
85
95
99

103
96
93
98
104

106
101
107
99
107

109
104
!09
101
110

110
'104
109
104
'111

111
106
115
105
112

pllO
P 104

do
do
do __
do

107
108
109
107

110
110
109
111

111
111
111
112

109
110
' 109
111

109
110
107
111

109
110
106
112

108
110
109
110

107
108
108
109

108
108
110
108

109
108
112
107

111
111
114
110

112
110
110
110

114
113
115
112

116
'115
116
'114

'117
116
121
113

P116

do _..
do ._
do

100
96
113

103
97
' 121

104
98
122

' 103
96
' 123

103
97
121

103
98
120

102
97
120

101
96
119

r

106
98
129

106
98
128

107
99

^107
p 99

Equipment, including defense 9
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment
- _

Nondurable materials 9
Business supplies
_
Containers.
_
General business supplies

109
109
' 108

111

r

do
do
do
do

Beverages and tobacco
Drugs soap, and toiletries
Newspapers magazines books
Consumer fuel and lighting

Materials
Durable goods materials 9
Consumer durable
Equipment
_
Construction

r 114

r

101
96

102
96

T

120

r 122

104
98
123

105
98
126

r

BUSINESS SALES AND INVENTORIES §
Mfg and trade sales (seas, adj.), total
Manufacturing, total
Durable goods industries
Nondurable goods industries

._

Wholesale trade, total
Durable goods establishments
Nondurable goods establishments
Retail trade, total
_
_
.
Durable goods stores
Nondurable goods stores

1

60 0

i 61.0

60.7

60 4

60 3

59.9

59.4

58.7

59.3

60.2

60.1

61.6

61 9

'61.7

62.9

do
do
do

29.7
14 5
15 2

30.4
14 7
15.7

30.1
14 4
15.7

30.1
14 4
15 7

29.6
14 1
15 5

29.3
13 8
15.4

29.1
13 6
15.5

28.7
13.2
15. 5

29.0
13 3
15.7

29.6
13.7
15. 9

30.1
14 1
16.0

30.8
14.6
16.2

30 9
14 7
16 2

'31.2
14.8
' 16. 4

31. 6
15 2
10.4

do
do
do
do
do
do

12
4
7
18
6
12

3
6
7
0
0
0

12.3
4 4
7 9
18.3
59
12 4

12.3
4 5
79
18.2
58
12 4

12 2
4 3
7 8
18. 1
58
12 3

12 2
4 3
7 9
18.5
61
12 5

12.2
4 2
80
18.4
59
12 5

12.3
4 3
80
17.9
5 5
12.4

12.2
13
8.0
17.8
5 4
12 4

12 4
4 2
82
17.8
53
12 4

12.5
4 2
8.3
18. 1
55
12 6

12.1
4 1
81
17.9
54
12.5

12.8
4 3
8.5
18.0
5.5
12.4

12
4
8
18
5
12

12. o
4 3
8.2
' 18. 0
5.5
12.5

13. 1
4 5
8.6
18.2

b*l $

Mfg. and trade inventories, book value, end of year
or month (seas, adj ), total
.
bil. $

8
4
4
2
6
6

12.7

89 4

92.4

93.3

93. 1

93 0

92.7

92. 4

92. 0

C1.7

91.0

91.2

91.3

91 5

91.8

92.1

Manufacturing, total . _
Durable good^ industries
Nondurable goods industries

do
do
do

52.4
30 1
22 3

53.7
30 9
22 9

55.0
32 1
22 9

54.7
31 8
22 9

54 4
31 4
23 0

54.0
31 1
22.9

53. 7
30 9
22.9

53. 7
30 8
22.9

53. 6
30 7
22.9

53.3
30 3
23.0

53. 4
30 2
23.2

53. 4
30 2
23.2

53.4
30 2
23 2

' 53. 5
30 4
23.2

54. 0
30 8
23 2

Wholesale trade, total
Durable goods establishments _
Nondurable goods establishments
Retail trade total
Durable goods stores
Nondurable foods stores

do
do__do
do
do
rlo

12 6
6. 6
61
24 3
11 0
13 3

13 2
6.8
6 4
25 4
11 9

13 1
7.0
61
25 2
11 7

13 1
6.9
6 2
25 3

13 2
6.9
6 3
25 4
11 9

r
Revised.
1

P Preliminary.
Total and components are based on unadjusted data.
t See corresponding note on p. S-3.
9 In eludes data not shown separately.




13 5

13 fi

11 8
13 fi

13 5

13.2
13.3
13. 6
13.5
13.4
13.3
13.1
13.2
13 5 ' 13.6
6. 9
'6.8
6.7
6.8
6.7
6.7
6.8
6.8
6.7
6.7
6. 8
6.8
6. 4
6.4
6.6
6.8
6.7
6 5
68
6 4
24 5
24 7
24 4
25 4
24 9
25 4
25 2
24 4
24 6
*>4 5
10 9
10 9
11.6
11 9
11 9
11 4
11.0
11.0
11 1 ' 11. 1
13. fi
13.6
13. 5
13. 5
13.5
13.6
13. 5
13.5
13. 5
13 5
§ 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 on p. S-5; those for retail and wholesale trade on pp. S-ll
and S-12.

SURVEY OF CURRENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

S-5
1961

1960
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

July

June

Aug.

Sept.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios: *
Manufacturing and trade total
Manufacturing total
Durable goods industries
Purchased materials
Goods in process
Finished goods
Nondurable goods industries
Purchased materials
Goods in process
Finished goods
Wholesale trade total
Durable goods establishments
Nondurable goods establishments
Retail trade total
Durable goods stores
Nondurable goods stores

ratio

1.54

1.54

1.54

1. 55

1 . 56

1.57

1.54

1.51

1.52

1.48

1.48

1.49

1. 46

do
do
do
do
do

1.82
2.22
.59
.87
. 76

1.82
2.21
.58
.86
. 77

1.84
2.23
.59
.87
.78

1.85
2. 25
.58
.88
.79

1.84
2 27
!59
.88
.79

1.87
2.34
.61
.92
.81

1.85
2.30
.60
.90
.79

1.80
2.21
.58
.87
.78

1.77
2.13
.55
.84
.74

1.73
2.07
.53
.82
72

1.73
2.06
.52
.82
.72

1.72
2. 05
.52
.82
.72

1.71
2.03
.51
.81
.71

do
do
do
do

1.46
.57
.20
.68

1.46
.57
.20
.69

1.48
.57
.20
.71

1.48
.57
.20
.71

1.47
.56
.20
.71

1.48
.56
.20
.72

1.46
.55
.19
.71

1.45
.55
.19
.71

1.45
.56
.20
.70

1.43
.55
.20
.68

1.43
.55
.20
.67

1.42
.55
.20
.67

1.41
.55
.20
.66

do
do
do
do
do
do

1.06
1.57
.78
1.38
2.02
1.09

1.08
1.59
.79
1.40
2.04
1.10

1.09
1.62
.80
1.37
1.96
1.08

1.08
1.61
.80
1.38
2.02
1.08

1.07
1.61
.80
1.42
2.17
1.09

1.08
1.57
.81
1.42
2. 17
1.09

1.06
1. 61
.78
1.40
2.13
1.09

1.06
1.59
.79
1.35
1.98
1.07

1.11
1.66
.83
1.37
2.02
1.08

1.05
1.55
.80
1.36
1.98
1.09

1.06
1.54
.81
1.35
1.98
1.07

1.08
1.59
.83
1.37
2.02
1.08

1.04
1.53
. 78
1.35
1.98
1.07

MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted), total
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal

_

Machinery
Electrical. _.
Nonelectrical
Industrial
Transportation equipment _ _
Motor vehicles and parts.
Lumber arid 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

bil of $

29.74

30.41

30.75

31.10

31.06

29. 65

28.79

27.69

27.42

31.28

29.38

31. 52

32.28

'28.51

32.17

__do
do
do
do

14.51
2.21
1. 39
1.08

14.68
2.15
1.34
1.67

14. 09
1.97
1.18
1.89

14. 58
1.96
1.16
1.83

14.71
1.91
1.14
1.68

14.14
1.80
1.04
1.54

13.74
1.72
.99
1.46

12.59
1.81
1.07
1.39

12.58
1.71
.99
1.36

14.58
1.96
1.15
1.60

13.96
1.94
1.15
1.55

15.18
2.23
1.36
1.73

15.77
2.27
1.40
1.83

r

14.77
2.21
1.39
2.00

do
do
do
do

4.51
1.84
2.67
1.01

4.72
1.95
2.77
1. 16

4.64
1.97
2.67
1.10

4.87
2.11
2.76
1.14

4.76
2.10
2. 66
1.16

4.58
1.95
2.64
1.18

4.74
2.02
2.72
1. 18

4.35
1.79
2.56
1.08

4.48
1.83
2.65
1.10

5.10
2.02
3.07
1.26

4.78
1.87
2.91
1.20

4.97
1.93
3.04
1.28

5.17
2.05
3.13
1.37

do
do _ _
do
do

3.29
1.99
.96
.73

3. 45
2.16
.86
.73

2. 62
1.46
.97
.83

3. 04
1.74
.90
.80

3.54
2.33
.86
. 78

3. 62
2.27
.79
.70

3.50
2. 12
. GO

2.87
1.71
.68
.58

2.82
1.63
.67
.58

3.29
1.85
.79
. 75

3.19
1.91
.77
.69

3.49
2. 14
.86
.79

3.61
2.22
.90
.84

_ do

15. 23

15.73

16. 67

16.52

16. 35

15.52

15. 05

15.10

14.85

16. 70

15.42

16. 34

16.51

do
do
do
do
do
_ _ do
do

4.56
.41
1.23
1.01
2.14
3.09
.51

4.70
.40
1.21
1.06
2.31
3.18
.51

4.88
.45
1.30
1.15
2.40
3.26
.51

5.01
.41
1.29
1.13
2.45
3.16
.50

4.97
.40
1.28
1.10
2.36
3.16
.53

4.70
.43
1.21
1.05
2.17
3.17
.46

4.60
.40
1.09
.98
2.07
3.44
.45

4.52
.38
1.04
1.04
2.23
3.33
.45

4.51
.36
1.08
1.02
2.12
3.07
.42

4.94
.42
1.22
1.17
2.51
3.27
.50

4.51
.37
1.12
1.12
2.44
3.10
.48

4.93
.45
1.18
1.20
2.64
3.24
.52

4.88
.45
1.31
1.22
2.60
3.24
.54

13. 17
r

1.86
1.15
1.64

1.14

4.98
2.05
2.94
1.31

* 2. 85
1.69
.78
.74

2.50
1.22
1.00
.90

15. 34

17. 39

' 4. 65

4.92
.46
1.36
1.27
2. 66
3.30
.51

'4.33
1.69
r 2. 64

r

'.43

T

1.06
1.07
2.28
3. 15
.46

do

30.15

30.09

29. 60

29.25

29.14

28.67

29.03

29.55

30. 12

30.78

30.90

'31.16

31.59

do
do
do
do

14.42
1.98
1.18
1.70

14.41
1.92
1.14
1.65

14.08
1.79
1.06
1.53

13.81
1.79
1.04
1.57

13.62
1.75
1.00
1.58

13.17
1.76
1.03
1.55

13.32
1.81
1.06
1.56

13. 69
1.79
1.05
1.60

14.14
1.95
1.17
1.62

14.58
2.13
1.32
1. 69

14.69
2.07
1.26
1.72

r 14. 79

' 15. 19
2.23
1.39
1.73

Machinery.
Electrical
Nonelectrical
Industrial

do
do
do
do

4.70
1.93
2.76
1.14

4.66
1.94
2.72
1.12

4.59
1.93
2.66
1.13

4.61
1.87
2.74
1. 16

4.58
1.89
2.69
1.12

4.65
1.90
2.74
1.18

4.65
1.93
2.72
1.14

4.71
1.94
2.76
1.15

4.85
2.02
2.83
1.21

4.82
1.95
2.86
1.23

4.83
1.95
2.88
1.27

'4.88
' 2.93
' 1. 29

5.04
2.03
3.00
1.32

Transportation equipmen t
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
.

do
do
do
do

3.35
2.15
.87
.73

3.57
2.28
.81
.73

3. 63
2.42
.78
.70

3.30
1.99
.79
.70

3.15
1.87
.80
.70

2.77
1.53
.74
.69

2.83
1.59
.73
.70

3.02
1.64
^73

3.15
1.84
.80
.69

3.29
2.01
.84
.72

3.41
2.14
.84
.74

'3.32
2.09
.87
.76

3.42
2. 09
.89
.78

do

15.72

15. 67

15.52

15.44

15. 51

15.50

15.71

15.86

15.98

16.20

16.21

16. 36

16. 40

do
do
do
do
do
do
do

4.66
.41
1.20
1.09
2.33
3.17
.48

4.69
.39
1.20
1.09
2.30
3.20
.51

4.70
.39
1.15
1.04
2.26
3.23
.49

4.66
.42
1.13
1.05
2.22
3.19
.50

4.74
.39
1.14
1.06
2.26
3.22
.47

4.73
.41
1.08
1.06
2.26
3.23
.45

4.87
.41
1.10
1.08
2.30
3.18
.46

4.80
.42
1.16
1.10
2.38
3.08
.49

4.80
.40
1.20
1.14
2.40
3.25
.48

4.80
.43
1.22
1.16
2.47
3.31
.50

4.70
.41
1.27
1.18
2.51
3.22
.50

'4.78
' .43
'1.24
1.17
2.50
'3.29
'.47

4.72
.43
1.24
1.18
2.58
3.19
.50

Durable goods industries total 9
Primary metal
Iron and steel
_.
Fabricated metal

Nondurable goods industries, total 9
Food and beverage
Tobacco
_
Textile
Paper
Chemical
Petroleum and coal
Rubber

2.20
1. 36
1.70
' 1. 95

f

Inventories, end of year or month:
Book value (unadjusted), total. _ __

do

54.48

54.26

54.34

54. 22

53. 90

54.07

54.08

53.81

53. 73

53. 77

53.59 ' 53. 23 53. 58

Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal

do
do
do
do

30. 26
4.31
2.58
2.96

30.81
4.69
2.81
2.98

31.73
4.71
2.82
3.31

31. 57
4.70
2.83
3.19

31.40
4.71
2.84
3.12

31.18
4.68
2.82
3.04

30.81
4.69
2.81
2.98

30. 88
4.61
2.75
2.97

30.91
4.57
2.71
3.00

30.77
4.52
2.68
3.02

30.63
4.48
2.66
3.02

30.65
4.45
2. 65
3.07

30.49
4.44
2.66
3.10

do
do
do
do

9.88
3. 69
6.20
2.39

10.27
3.94
6.33
2.48

10.48
4.04
6.43
2.54

10.40
4.04
6.36
2.53

10.33
3.98
6.36
2. 52

10.33
3.96
6. 36
2.50

10.27
3.94
6. 33
2.48

10.26
3.91
6.36
2.46

10.32
3.94
6.38
2.46

10.37
3.98
6.39
2.47

10.38
4.01
6.36
2.46

10. 45
108
6.36
2.47

10.37 ' 10. 20 10. 16
4.06 ' 3. 99 3. 99
6.21
6. 17
6.31
2.42
2.44 '2.42

do
do
do
do

7.38
3.20
1.86
1.34

6.97
3.14
1.83
1.43

7.16
3.12
1.94
1.40

7.26
3.32
1.90
1.40

7.28
3.30
1.92
1.39

7.20
3.21
1.90
1.39

6.97
3.14
1.83
1.43

7.06
3.15
1.86
1.45

6.98
3.07
1.85
1.48

6.83
2.96
1.84
1.47

6.70
2.87
1.84
1.48

6.65
2.85
1.82
1.48

Machinery..
Electrical
Nonelectrical
Industrial

_

_

Transportation equipment _ _ _
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
By stages of fabrication :
Purchased materials
Goods in process
Finished goods

do
do
do

2 52. 88 2 53. 90

8.20
8.51
8.65
8.52
8.48
12.14
12. 05
12.49
12. 50
12.43
9.62
10.56
10. 59
10.55
10.49
r
2
Revised.
1 Advance estimate.
Total a nd com]Donents are end -of-year data,
* Stock-sales ratios are based on the seasonallyr ad juste d sales and inv(mtories series
presented on this page and on pp. S-4, S-6, and S- 11. The ratios ai-e derive d by div iding




8.36
8.20
8.01
7.93
7.81
7.66
7.67
12.33
12.05
12.18
12. 15
12.09
12.08
12.05
10.49
10.56
10.69
10.83
10.86
10.94
10.88
end-of -month : nventon7 book values by total sa es durin g
appea r on p. 2() of the J une 1961 SURVEY
9 Includes data noi shown £ eparatel^?.

6.57
2.80
1.82
1.45

' 30. 25 30. 61
4. 52
4.55
2. 76
2.73
'3.07
3.04

' 6. 46
2.70
1.82
1.45

6. 85
3. 06
1.84
1.42

7. 86
7.65 '7.78
12. 29
12.00 ' 11.89
10. 85 ' 10. 58 10. 46
the m onth. D ata back to 1955

SUKVEY OF CURRENT BUSINESS

S-6
1959

Unless otherwise stated, statistics through 1860
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

October 1961

1960

1 1960

End of
year

Aug.

Sept.

1961

Oct. | Nov.
1

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (unadjusted)— Continued
Nondurable goods industries, tota!9-bil. $
Food and beverage _
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods

22.61

23.09

22.75

22.69

22.94

23.04

23.09

23.19

23.16

23.05

23.10

23. 12

23.10

22.97

22.97

5.01
2.04
2.51
1.51
4.08
3.36
1.16

5.18
2.08
2.63
1.63
4.19
3.32
1.14

4.93
1.85
2.66
1.62
4.10
3.35
1.18

5.06
1.93
2.57
1.60
4.03
3.39
1.16

5.24
2.02
2.53
1.61
4.09
3.42
1.13

5.26
2.00
2.58
1.62
4.14
3.41
1.13

5.18
2.08
2.63
1.63
4.19
3.32
1.14

5.13
2.14
2.71
1.63
4.23
3.24
1.16

5.02
2.10
2.77
1.66
4.28
3.24
1.17

4.94
2.05
2.81
1.66
4.27
3.26
1.16

4.92
2.01
2.84
1.68
4.27
3.29
1.15

4.83
1.94
2.86
1.69
4.20
3.35
1.14

4.84
1.88
2.82
1.68
4.20
3.36
1.12

4.90
' 1.80
2.79
1.66
'4.19
3.41
r
1.10

5.12
1.87
2 70
1.67
4. 14
3.41
1.09

do
do
do

9.29
2.96
10.36

8.99
3.00
11.10

8.80
3.18
10.77

8.68
3.08
10.93

8.82
3.06
11.06

8.85
3.07
11.12

8.99
3.00
11.10

8.99
3.07
11.13

8.91
3.08
11.17

8.93
3.09
11.02

8.90
3.14
11.06

8.86
3.25
11.00

8.79
3.30
11.01

'•8.72
r
3. 33
10. 92

8.72
3.33
10.92

do

52. 43

53.74

54.98

54.71

54.38

54.01

53.74

53.67

53.60

53.31

53.38

53.37

53.36

T

53. 55

53.99

30.08
4 12
2.39
3.05

30.86
4.50
2.62
3.12

32.08
4.71
2.82
3.34

31.84
4 64
2.74
3.27

31.43
4 57
2 68
3.18

31.07
4.52
2.63
3.10

30. 86
4 50
2 6?
3.12

30.76
4.49
2.63
3.02

30.65
4.51
2.66
3.02

30.30
4.47
2.66
2.95

30. 15
4.51
2.73
2.92

30. 15
4.51
2.74
2.93

30. 20
4.60
2.84
2.92

r

30. 37
4.66
2.89
'2.95

30.83
4.64
2.85
3.02

do
- do
do
do

9.92
3.73
6.18
2.41

10. 40
4.02
6.38
2.51

10.59
4.08
6.51
2.54

10.53
4.06
6.47
2.55

10 44
4.01
6.43
2.52

10. 35
3.98
6.38
2.48

10 40
4.02
6.38
2.51

10.32
3.98
6.34
2.48

10.28
3.96
6.31
2.47

10.25
3.96
6.29
2.45

10.21
3.94
6.27
2.44

10.20
3. 96
6.25
2.43

10.14
3.92
6.22
2.40

' 10. 17
'3.95
6.22
"•2.41

10.22
4.00
6 2?
2 42

do
do
do
do

7 18
3.04
1 87
1.36

6.85
3.01
1 84
1.44

7 36
3.30
1 92
1.44

7 24
3 32
1 94
1.46

85
01
84
44

6 92
3.03
1 85
1.44

6.86
2.93
1 85
1.43

6.69
2.85
1 84
1.41

6.60
2.83
1.83
1.42

6.63
2.88
1.80
1.42

6.64
2.91
1 80
1.43

••6 64
2.88

do
do
do

8.30
12.08
9.71

8.05
12. 06
10.76

8.56
12.60
10.93

do

22.34

22. 88

4.79
1.98
2. 53
1.51
4.03
3.32
1.14

4.98
2.03
2.67
1.63
4.13
3.31
1.12

8.95
3.03
10. 36

do _ _
do
do
do
do
do_
do

_
_

_

Book value (seasonally adjusted) total
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical"
Nonelectrical
Industrial

do
do
do
- do _ _

Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clav and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
Nondurable goods industries total $

Food and beverage
do
Tobacco
do
Textile
do
Paper
do
Chemical
_ _ __ do __
Petroleum and coal
do
Rubber
-- - do
By stages of fabrication:
Purchased materials
do
Goods in process
do
Finished goods
____ _
do
New orders net (unadjusted) total

do

Durable goods industries total?
Primary metal
Iron and steel
-Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment

--

Nondurable goods industries total
Industries with unfilled orders ©
Industries without unfilled orders ^
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Electrical
Nonelectrical
Industrial
Transportation equipment
Nondurable goods industries total
Industries with unfilled orders ©
Industries without unfilled orders 1

do
do
do _ _
do
-

- do
do
do
do
do
do
do
do

1

1

10
13
96
46

7 02
3.03
1 93
1.43

1.45

6 93
3.12
1 82
1.47

8.42
12.39
11.03

8 26
12.25
10 92

8.05
12.12
10.90

8 05
12. 06
10 76

8.03
12.07
10.65

8.01
12. 05
10.59

7.91
11.90
10.49

7.81
11.87
10.47

7.78
11.91
10.47

7.60
12.03
10.57

7 70
' 12. 07
r
10 60

7.71
12.34
10 77

22.90

22.87

22 95

22. 93

22 88

22. 91

22.95

23.01

23.22

23.22

23.16

'23 18

23 16

4.95
1.94
2.67
1.63
4.18
3.29
1.24

4.98
2.00
2.64
1.64
4.16
3.26
1.20

5 01
2.03
2 64
1.65
4.18
3.28
1.16

4.96
2.02
2.66
1.65
4.18
3.30
1.14

4 98
2.03
2 67
1.63
4.13
3.31
1.12

5.00
2.01
2.70
1.62
4.17
3.29
1.13

5.01
1.98
2.73
1.63
4.19
3.32
1.13

5.06
1.98
2.76
1.62
4.19
3.37
1.12

5.14
1.98
2.76
1.64
4.26
3.37
1.13

5.07
1.97
2.76
1.66
4.24
3.37
1.14

5.05
1.96
2.75
1.67
4.24
3.37
1.13

8.75
3.08
11.05

9 02
3.17
10.71

8 89
3.09
10.89

8 85
3. 10
11.00

8 78
3.14
11.01

8 75
3.08
11.05

8.74
3.07
11.10

8.68
3.04
11.23

8.78
3.05
11.18

8.88
3.12
11.22

8.97
3.20
11.05

8.97
3.25
10.94

80

r

3.38
' 1.13

5 12
2.00
2.72
1.68
4.21
3.36
1.13

8.96
'3. 31
10. 91

9.01
3.34
10.82

' 5 09
1.96
2.75
1.66
r 4. 25

r

29. 90

30.56

31. 05

30 04

29 02

28 33

27.58

27.68

31.35

29.62

31.50

32.42

* 29. 39

32.46

14. 10
1.80
1.02
1.89

14.63
1.89
1.13
1.72

13 80
1.74
.99
1.62

13.59
1.77
1.02
1.46

13 33
1.65
.97
1.33

12.35
1.85
1.18
1.38

12.76
1. 85
1.10
1.38

14.51
2.12
1.27
1.62

14.08
2.06
1.24
1.53

14.98
2.30
1.41
1.76

15.92
2.20
1.35
1.89

'14.05
'1.97
'1.20
1.72

15. 05
2.36
1.48
1.99

4.66
1.89
2.77
1.07
3.23

4.70
1.97
2.72
1.16
3.38

4.62
2.04
2.58
1.09
2.90

4.88
2.32
2.56
1.08
3.31

4.45
1.87
2.58
1 13
3 31

4.27
1.75
2.52
1.15
3.52

4. 59
2.02
2.58
1.09
3.58

4.25
1.67
2.57
1.06
2.63

4.46
1.79
2.67
1.12
2.82

5.16
1.99
3.17
1.32
2.97

4.73
1.90
2.83
1.16
3.19

4.84
1.92
2.93
1.24
3.24

5.27
2.08
3.19
1.41
3.52

4.57

'3.21

4.99
2.04
2.96
1.32
2.67

15 28
3 43
11.85

15.66
3.38
12.28

16.52
3.65
12.86

16.50
3 66
12.84

'15.34
'3.19
' 12. 15

17.41
3.86
13.55

r 1. 81

'2.76
r 1.16

16 46
3 49
12 97

16 42
3 57
12 85

16 24
3 52
12 72

15 42
3 35
12 08

15 00
3 14
11 87

15.24
3.25
11.98

14.91
3 19
11.72

16.84
3 73
13. 11

15.54
3 43
12.11

30 01

30 40

29 21

29 02

28 70

28 50

29 11

29 85

30.44

31.09

31 10

' 31. 33

32.14

12.88
1.81
1. 14
1.52

13.36
1.75
1.03
1.49

13.82
1.88
1. 10
1.62

14.38
2.19
1.33
1.58

14.80
2.19
1.32
1.74

14.92
2.20
1.35
1.82

' 15. 03 '
' 2. 33
' 1.47
1.75

15. 56
2.42
1.52
1.82

do
do
do
do

14 41
1 84
1 05
1.74

14 62
1 85
1 12
1.54

13 74
1 64
97
1.48

13 60
1.75
1 03
1.56

do
do
do
do

4 81
2 21
2 59
1 10
3 33

4 75
2 23
2 52
1.07
3 82

4 40
1 86
2 55
1 10
3 69

4.59
1 82
2.77
1.23
3 06

4 67
1 93
2 74
1.13
2 83

4.54
1.83
2.71
1.10
2.66

4.59
1.88
2.71
1.14
3.07

4.76
1.88
2.88
1.23
3.02

4.74
1.99
2.75
1.20
3.28

4.78
1.97
2.81
1.22
3.36

4.77
1.78
3.00
1.32
3.34

do
do
do

15 61
3 39
12 92

15 78
3 58
12 20

15 47
3 31
12 16

15 42
3 32
12 10

15 48
3 31
12 17

15. 62
3 36
12.27

15.76
3 30
12.46

16.03
3 54
12.48

16.06
3 49
12.57

16.29
3.55
12.73

16.19
3.55
12.63

47.50

47.45

46.44

45.80

45.37

45.27

45.52

45.59

45.83

45.80

45.95

' 46. 82

42 85
3.41
2.28
2 73

42.60
3.45
2.38
2.73

42.79
3.59
2.50
2.75

42.72
3.75
2.62
2.78

42.84
3.87
2.71
2.76

42.64
3.95
2.76
2.79

42.79
3.88
2.72
2,85

' 43. 66 ' 43. 94
4. 14
3.99
2.87
2.77
2.91
2.93

17.48
10.21
7 28
3.38
14.93

17.38
10.09
7.29
3.36
14.70

17.36
10.04
7.31
3.38
14.70

17.42
10.01
7.41
3.44
14.39

17.37
10.04
7.33
3.40
14.38

17.24
10.02
7 22
3.36
14.13

17.34
10.06
7.28
3.40
14.04

17.59
'17.58
10.17
' 10. 18
7.43
'7.41
3.43
'3.42
' 14. 40 14. 58

fff.

2.67

2.73

2.87

2.99

3.17

3.16

do
do
do
do

48
6
5
3

42
3
2
2

M^ achinery
Electrical

do
do

Industrial
Transportation equipment

do
do

17.79
9 98
7 80
3 40
15 73

dn

3 3fi

13
76
24
33

64
74
50
10

44 68
3 67
2.47
3 00

43
3
2
2

77
50
32
94

43 23
3.47
2.30
2 86

17.48
10 21
7 28
3 38
14 93

18.24
10 43
7 81
3 59
14 89

18.25
10 63
7 62
3 52
15 16

17.94
10 40
7 53
3 50
14 93

17.62
10.20
7 42
3.47
14.83

1=19

9 Sfi

9 77

9

85
41
28
73

44
3
2
3

9 fifi

J
Revised.
Total and components are monthly averages. 2 Advance estimate.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled
orders for other nondurable goods industries are zero.




r I

14.24
1.87
1.09
1.62

45 37

r

6
3
1
1

14.85
2.42
1.57
1.70

30. 13

51.49

XT^nrlnvoVila rrrvrirlo inrlnctrioo tr^dl £Di

7
3
1
1

13 22
1.77
1 06
1.46

Unfilled orders, end of year or month (unadjusted),
total
bil $
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal

r

9 fi7

9.

' 4. 89
' 1.91
'2.99
1.26
'3.45

5.12
2. 14
2.99
1.32
3.43

' 16. 30 16.57
' 3. 53 3.76
' 12. 77 12.81

'3.16

47.12

3.17

fFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and
rubber) sales are considered equal to new orders.

SURVEY OF CUERENT BUSINESS

October 1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

1 1960

Monthly
average

S-7

Aug.

Sept.

1961

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

!4 483
15, 742

15 079
15, 873

Sept.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
New incorporations (50 States): i
Unadjusted
Seasonally adjusted*

number
do

16 089

r

!5 226

15 028
15 819

14 043
15, 100

13 783
14 982

12 435
14 131

14 594
14 308

16 350
14 469

13 281
13 980

16 783
14 722

14 815
14 245

16 371
14 883

16 418
15 489

1,315

r

INDUSTRIAL AND COMMERCIAL
FAILURES^
Failures, total

___ number-

Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade

do
do
do
do
do

Liabilities (current), total

_. .thous $_

Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
__.

do
do
do
do
__do

Failure annual rate (seasonally adjusted)
No per 10 000 concern^

1,171

1,287

1,269

1,344

1,311

1, 353

1,404

1, 449

1,610

1,441

1,545

1 , 403

1,275

1, 604

105
172
205
573
116

114
217
218
615
123

128
217
?28
621
121

113
218
218
604
116

132
231
229
613
139

111
228
231
617
124

110
245
231
637
130

121
219
228
685
151

116
262
229
693
149

135
266
271
786
152

131
245
238
704
123

!23
255
269
731
167

123
222
218
696
144

111
196
223
633
112

129
262
2f>0
789
164

57, 734

78, 219

97, 594

80, 604

81,508

84, 463

78, 971

81, 520

88. 083 126, 622

86, 114

80, 471

83, 828

69, 168 102, 693

4, 51 5
10,157
17 311
18, 903
6,848

8 281
16, 781
24 136
20, 091
8,930

5,940
27, 874
33 097
22, 556
8,127

12, 715
14,417
23, Oil
23, 080
7,381

16, 644
17, 877
16 104
20, 894
9,989

7 309
16, 683
28 887
22, 493
9,091

3 579
28, 104
18 878
20 199
8,211

4 128
11,231
26 111
28 688
11,362

6 941
14 943
23 160
30 646
12, 393

13 344
20, 283
26 579
51 185
15, 231

7 093
13, 127
23 215
32 562
10, 117

6 798
19, 162
18 944
24 776
10, 791

8 762
12 500
26 5%
27 192
8,784

3 946
13, 786
14 881
27 3C4
9,251

6 358
27, 716
26 175
29, 384
13, 060

i 51 8

i 57 o

59 6

65 2

63 3

62 0

63 4

61 1

64 2

62 9

60 8

64 3

60 7

6° 5

74 4

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products

_

Fruit
Oil-bearing crops
Potatoes (incl. drv edible beans)
Tobacco
Livestock and products
Dairy products
Meat animals
_
Poultry and eggs

\\ool

_ _ _
_ _ _

240

238

234

238

241

241

242

241

244

243

239

236

234

237

241

242

do
_ do_
do
do
do

221
235
267
156
202

221
227
254
151
203

219
196
273
152
196

222
192
272
152
197

222
212
267
147
200

219
219
254
136
204

217
220
243
141
204

°18
212
233
146
207

221
210
9
27
150
209

924
217
240
150
208

2°6
228
249
145
202

230
233
250
151
203

231
253
261
152
200

932
261
265
156
201

229
214
276
154
209

229
198
277
156
214

do
do
do
do

212
219
168
506

236
214
204
500

240
211
195
488

270
208
181
510

273
209
165
513

262
213
181
517

248
217
181
517

254
231
178
508

260
250
172
517

260
264
161
516

250
286
178
516

261
285
176
517

260
261
177
516

241
261
189
516

244
259
162
523

257
242
148
542

256
257
313
143
231

253
259
296
160
237

247
254
290
154
230

251
269
285
163
225

257
277
286
176
222

260
2*2
288
182
219

2G3
278
298
178
°26

261
271
304
165
991

263
263
309
169
224

259
256
309
160
226

251
247
305
145
231

241
241
292
139
939

236
240
9
86
131
238

241
248
288
138
932

251
257
302
142
231

252
266
303
138
230

275
290
265

274
290
262

274
289
263

274
290
262

274
'->91
262

275
291
265

276
291
267

277
291
267

277
290
268

277
290
267

277
291
266

275
290
265

275
290
264

276
290
265

276
291
266

297

299

298

298

297

297

298

301

302

302

302

302

300

300

301

301

81

80

79

80

81

81

81

80

81

80

79

78

78

79

80

80

1910-14= 100

Crops
Commercial vegetables
Cotton
_ _ _ _ _ _ _
Feed grains and hay
Food grains
_

do _ _
do
do
_ _ _ _ _ do
_

do

Prices paid:
All commodities and services
do _.
Familv living items
do
Production items
do. _
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100-Paritv ratio..

do

275
288
266

r

r

r

CONSUMER PRICES
(U.S. Department of Labor Indexes}
All items
Special group indexes:
All items less food
All items less shelter

1947-49=100-.

124.6

126.5

126.6

126. 8

127.3

127 A

127.5

127.4

127.5

127. 5

127.5

127.4

127.6

128.1

2 128. 0

_ do
do

127.9
122.2

130.0
124.0

130.1
124.1

130.3
124 3

130.7
124 8

130.8
125 0

130 8
125 0

130 6
124 8

130 8
125 0

130 9
125 0

130 8
125 0

131 0
124 9

131 2
125 2

131 4
125 7

131 6
125 6

do
do
do
do

116 6
118 1
113.0
145 8

117 5
119 6
111.6
150 0

117 6
119 9
111.0
150 3

117
120
110
150

7
3
0
8

118
120
110
151

2
7
9
2

118 3
120 9
110 7
151 3

118
121
110
151

4
0
8
4

118 0
120 7
110 2
151 7

118 1
120 8
110 3
151 9

118
120
109
152

117
120
110
152

117
120
110
152

118
120
111
152

118
Y>\
111
152

118
120
111
153

do
do
do
do
do

107 9
118 3
114 3
125.1
110.7

109 4
119 7
116 8
128.3
109 3

109 3
120 1
116 6
127.3
111 3

110
120
117
124.
110

6
2
5
6
2

111 0
120 9
118 4
124. 8
110 0

110 7
121 1
118 9
126.2
109 9

110 6
121 4
119 3
126'. 3
110 5

109 4
121 3
119 1
126.1
111 6

109 6
121 4
119 0
127.2
111 8

109 8
121 2
118 5
127.8
111 4

109 5
121 2
117 9
131.4
110 5

109 6
120 7
117 5
132.2
108 7

109 6
120 9
117 3
135.4
107 4

118 0
138.2
107 8

109 9
121 9
118 5
132.4
108 4

do
do
do.__
do

129 2
119.9
103.9
139 7

131 5
124.8
104.2
141 8

131 5
124.9
103.5
141 9

132 0
125.7
104.1
142 1

132 2
125.7
104.0
149 5

132
125.
104
142

1
7
0
7

132 3
125.6
103 9
142 8

132 3
125.9
103 6
142 9

132
125.
103
143

4
9
7
1

132 5
125.9
103 9
143 1

132 3
125. 8
103 8
143 3

139
126.
103
143

2
2
5
4

132 4
126.3
103 9
143 5

132 4
125.6
103 6
143 6

132
125.
103
143

do
do_._
do

1 50. 8
131.2
118.6

156 2
133.3
121 5

156 7
133.8
121 9

156 9
133 9
122 1

157 3
134 0
121 9

157 9
133 9
122 5

158 0
133 7
122 3

158 5
133 7
1°2 2

159 4
133 8
122 7

159 6
133
6
193 4

159 9
133 8
124 1

160 4
133 8
123 9

160 9
133 9
123 5

161 2
134 3
124 1

161 4
134
2
194 4

146 3
146 2
146 2
144 7
146 1
135. 2
134 5
134 4
132 8
134 1
192 7
199 3
199 3
200 3
201 2
129.7
132.2
132.4
132.7
132.7
2
••Revised.
i Based on unadjusted data.
Index based on 1935-39=100 is 214.0.
c?Data are from Dun & Bradstreet, Inc.
JFigures in 1961 BUSINESS STATISTICS
volume, also the 1959 average shown here, cover 49 States (Alaska not included); see July
1961 SURVEY for unadjusted data back to January 1960 for 50 States.

146 5
134 4
202 9
132.7

146 5
131 5
202 9
132.7

146 2
134 0
205 5
132.6

146 2
133 9
205 7
132.6

145
133
205
132.

145 8
133 4
206 5
132.6

146 6
134 2
206 5
133. 1

147 7
135 3
207 3
133. 1

148
135
208
133.

149
136
209
133.

All commodities
Nondurables
Durables
Services

_
.

Apparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and fish

__

Rousing1 9
Gas and electricity
Housefurnishings
Rent
Medical care
Personal care _
Reading and recreation
Transportation
Private.
___
Public
_ _
Other goods and services




_

do
do _
do
do

0
7
9
2

7
4
7
6

9
4
7
3

7
2
8
5

0
4
2
7

7
i
5
8

109 9
199 0

3
9
5
6

4
8
9
0

3
6
2
6

3
8
1
6

*Data for Jan.-Dec. 1959 (49 States, incl. Hawaii) and Jan.-July 1960 (50 States), respectively, are as follows (number): 1959—15,831; 16,622; 16,229; 16,463; 16,721; 15,291; 16,650;
16,007; 15,768; 14,822; 15,134; 15,525; 1960—16,108; 14,536; 15,327; 15,033; 14,552; 15,764; 15,986.
§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).
9 Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

S-i
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly

October 10(il

1960
Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

Alav

Junc

Julv

119.4

118.7

118.2

118.6

Aug.

COMMODITY PRICES—Continued
WHOLESALE PRICES c?H
(U.S. Department of Labor Indexes)
All commodities

1947-49=100.-

By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goods©
_ _ _
By durability of product:
Nondurable goods
Durable goods

119.5

119.6

119.2

119.2

119.6

119.6

119. 5

119.9

120.0

119.9

do
do
do

96.7
127.0
120. 6

94.5
127.0
121. 5

92.7
126.8
121.5

92.9
126. 8
121.5

93.3
126.6
122.4

93.0
126. 5
122.7

93. 3
126. 4
122.2

94.7
126. 7
122.4

95.1
126.7
122.6

95.2
126. 9
122.2

94. 6
126.9
121.3

93.2
126.3
120.7

91.6
125.8
120. 6

92.7
125. 6
121.2

do
do

105.0
145.9

105.3
145. 7

104.9
145. 5

105. 3
144. 5

105. 8
144.9

105.8
145.0

105.6
145.0

106. 1
145. 1

106.3
145.0

106.2
145. 1

105.3
145. 3

104.3
145. 3

103. 5
145.4

104.2
145 3

do
do
do
do

89.1
102.7
77.3
85.1

88.8
106.7
75.7
82.6

86.6
98.7
74.3
80.7

87.7
104.7
74.9
79.0

89.5
109.2
73.5
80.7

89.9
107.5
70.3
81.8

88.7
99.5
72.7
82.8

89.7
103.7
75.2
84.7

90.0
99.8
76.0
85.3

89.9
105. 9
76.4
83.1

88.5
100.2
73.8
82.0

86.8
101.4
74.8
78.2

85.1
103.3
74.2
75.4

87 1
104.3
77.8
75.5

107.0
119.3
114.3
109. 0
98.2

107.7
121.8
118.5
107.0
96.7

107.8
122.0
118.0
106.6
96.8

108.1
122.4
120.5
107.7
96.0

109.0
123.1
121.3
108.8
97.8

109. 1
123.1
121.7
109. 4
96.6

109.2
123.5
122.0
110.1
97.3

109.9
123.5
121.3
111.8
98.3

110. 5
123.6
119.8
112.0
99.5

109.6
123.6
120.7
111.5
96.1

108.7
123.6
119.9
111.1
94.3

107.5
123.6
119.5
109.0
91.8

106.7
123.7
119.7
108.7
89.9

107. 5
123.9
120 4
109.0
92.5

128.2

128.3

128.2

127.9

128.0

127.9

127.9

128. 1

128.1

128.2

128.0

127.6

127.4

127. 4

109.9
123.8
56. 7
106 9
128.3

110.2
124.2
»• 93.6
49.0
109.6
128.5

110.5
124.6
94.3
48.9
108.2
128.4

110.4
124.5
93.7
47.7
108.3
128.4

110.1
123.6
93.1
47.8
111.2
128.4

110. 1
123.5
92.8
48.9
111.9
128.4

110.2
123.6
92.8
48.5
111.9
130.3

109.7
123.0
92. 7
50.2
112 4
131.7

110.0
123.2
92.7
54.7
112.4
132.4

110. 1
123.2
92.6
57.7
112.3
132.4

110.2
123.2
92.6
62.1
112.3
132.4

109.9
122.8
92.4
61.4
112.3
132.4

109.3
122.2
92.4
54.1
112.3
132.4

108.9
121.1
92 5
52.2
111 7
132.4

Fuel and related prod., and pow T er9
do
Coal
do
Flectric power
_
__ _ Jan. 1958=100
Gas fuels
do
Petroleum products, refined
1947-49 = 100-- 2

112.7
122 6
100.8
110 9
114.2

113.8
121.8
101.9
116.6
115.4

115.3
121 3
102.1
116 6
118.3

116.1
122 4
102.1
121 3
119.2

116.2
122. 5
102.1
120.9
119.5

116.1
123.0
102.4
120 2
119.1

116.2
123.1
102. 3
120.0
119.3

117.2
123 4
102.3
121 1
121.1

117.7
123 4
102.2
122.3
121.9

117. 5
122 8
102.4
121 8
121.5

115.2
119.6
102.5
118.3
117. 9

113.6
117.4
102.4
118.7
115.0

114.3
117.7
102.3
115.4
117.0

114.6
118 7
102.5
115 6
117.4

Furniture, other household durables 9
Appliances, household
__
Furniture, household
Radio receivers and phonographs
Television receivers

123. 4
104.7
124. 1
89.0
69.8

123.1
101.9
125.1
86.6
69.0

122.9
101.1
125. 0
86.1
68 9

122.8
100.9
125.0
86.1
68.9

122.7
100.9
125.6
84.2
68.9

122.6
100. 6
125. 7
84.2
68 9

122.6
100.4
125.7
85.3
69.3

122.3
100.2
126 1
84.7
69 3

122.2
100.2
126.2
84.7
68.7

122.2
100. 0
126.2
84.7
69.1

122.5
100.0
126.3
84.5
69.1

122.4
99.9
126.4
84.4
67.8

122.4
99.8
126.4
84.3
68.3

Hides, skins, and leather products 9 _ .do _
Footwear
do
Hides and skins
do
Leather
_ do

114.3
129 5
90.7
111.8

110.3
133 0
68 1
101.5

108.7
132 5
63 6
98.9

108.1
132 5
62 3
97.5

108.5
132 5
64. 1
98.1

108.5
132 5
65 8
97.1

108.8
132 5
64.9
99.4

108.3
132 7
61 7
97.8

108.0
132 7
60. 5
97.3

109.5
132 7
68 8
100.2

109.9
132 7
68.0
102.2

110.7
132.8
71.0
104.1

Lumber and wood products
Lumber

do
do

125 8
127.1

121 3
121.4

119 6
119 2

118 7
117 9

117 7
116.3

116 9
115 1

116 5
115.0

115 7
114 5

114 7
113. 5

115 4
114.4

118 0
116. 5

Machinery and motive prod. 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles

do _ _
do
do
do
do

151 0
143.4
171.9
154.4
142.8

153.4
146. 1
175.6
154. 2
140.8

153.3
146. 1
176. 7
153.3
141 6

151.4
146. 2
176. 7
152. 7
135 4

152.9
146.7
176. 7
152.6
140.3

153.0
148.2
177. 3
152.4
140 5

153.1
148.0
177.0
152. 4
140.7

153.5
148.4
177.6
153.7
140 8

153.4
148.5
178.2
153.6
140.4

153.4
148.5
178. 2
153.5
140 2

Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
_

do
do _ _
do
do

153. 6
121.7
172.0
136. 1

153.8
119.4
170.0
139.0

153 6
118.8
169 9
138 7

153 5
119.3
169 7
138 4

152.8
119.3
168. 9
137.1

152 3
118.4
168 5
135 5

152.2
116.8
168. 6
133.9

152 2
114.9
169 4
132 1

152. 3
114.8
169.7
132.2

Nonmetallic mineral products 9
Clay products, structural
Concrete products
Gypsum products

do
do
do
do

137. 7
160. 2
129.7
1 33. 1

138. 0
161.8
131. 1
133.2

137.8
162.0
131. 1
133 2

138.0
162. 1
131.0
133.2

138.1
162. 2
131. 0
133.2

137.9
162. 3
131.0
133 2

137.9
162.3
131. 0
133.2

3 138.5
162.1
131.1
134 6

Pulp, paper, and allied products
Paper
_ _

do
do

132. 2
143. 4

133. 2
145.4

133.0
M5 2

133.0
145 4

133.4
145.7

133. 1
H5 7

132. 3
145.7

Rubber and products
Tires a n d tubes _ _ _ _ _ _

do
do

144. 5
143.4

144.7
138.4

145.3
141 3

144. 9
141.3

144.7
141.3

143. 6
141 3

do __
do
- - do
do
do
do

95.0
100.0
91.7
81.1
113. 5
101.6

96.1
100.9
94.2
79.1
122.9
102.1

96.1
101 0
94.3
78.9
126 8
101.5

95.9
101 1
93.4
78.6
128 4
101.2

95.8
101. 1
92.8
78.5
128 5
101.1

Farm products 9
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
Foods, processed 9
Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables, canned, frozen
Meats, poultry, and
fish

do
do
do
do
__do_ .

Commodities other than farm products and foods
1947-49=100-Chcmicals and allied products 9
Chemicals, industrial _ _ _ _
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint

do
do
do
do
do
do

Textile products and apparel 9 _
Apparel
_
Cotton products
.__
Man made fiber textile products
Silk products
_
Wool products

do
do
do
do
do

r 93. 2

r

r
r

118.9

118.8

r

94.8
125. 5
121.4

93. 8
125. 6
121.2

104. 6
145. 2

104. 2
145. 2

r

88.6
^97.3
78.1
80. 3

87.2
95. 0
78.0
77.6

108. 1

123. 9
121. 0
107. 4
94.8

108.1
124.3
121.9
107.2
94.3

127. 4

127. 5

108. 4
120.8
r
91.3
51.1
110.0
132.4

108. 2
120. 6
91.2
49.3
110.2
132.4

114.4
119.2
102 4
116.6
116.8

113.7
120 1
102. i
116 9
115.1

122.3
99.8
126. 4
83.5
68.8

122.1
99 8
126. 4
r
82.0
r
68. 1

122.2
99.8
126. 6
81.2
68 1

110.1
132.8
68.1
102.6

111.1
132 9
76.2
102.6

113. 1
133 5
82 9
106.3

113.5
133 9
82 5
107. 6

117.6
117.0

117 8
117.0

117 2
116.8

115 9
115 8

115 5
115 5

153.1
148. 6
178.6

153.1
148.6
178.5

153.0
148.8
178.3

r 151.9

r 151. 7

140.3

140.3

153. 2
148.8
178.2
151.7
140.4

152. 7
148. 9
178.5
150. 5
140 5

152. 7
148.7
178. 5
150. 4
140 3

152 4
114.5
170 4
132 3

152.7
115.2
170.8
132.4

153. 0
115. i
170.2
134.4

153.1
115.4
170.3
135. 2

153.2
115.5
170.1
135.8

153 6
115. 6
170 5
136 2

153 8
115.2
170 8
136 3

138.4
162. 1
131.2
134.6

138.6
162.1
131. 1
134 6

138.6
162.1
131.3
134. 6

138.5
161. 5
131. 3
134.6

138.3
161 . 6
131.3
134. 6

138.4
161. 6
131.3
134.6

138 5
161.7
131.3
137 3

138. 5
161. 9
131. 4
137 3

132.2
145 7

132.2
145.7

131.5
145 7

131.0
145. 4

126.1
145.4

126. 5
145.9

126.4
145.9

126. 3
145 9

128.6
145 3

141.2
137. 1

139.7
137 2

139.6
137.1

139.9
137 1

140.1
138 4

140.2
138.4

139. 6
138 5

139.0
138.3

139.4
138 3

139.6
138 3

95.4
101 0
91.7
78.2
125 9
101.3

95.2
101.0
91.2
77.8
125.7
100.8

94.8
100 5
90.8
77.3
130 9
100.1

94.7
100 5
90.2
77. 2
129 3
99.9

94.4
100 4
90.2
76.3
129 5
99. 5

94.1
100 4
89.9
75.8
129 5
100.1

94.0
100.3
89.9
75.4
131.5
100.9

93.7
100 4
89. 5
75.1
130 8
101.0

93.9
100.4
89.7
75.1
131.2
101.2

94 2
100 6
90 4
75.1
136 2
101.7

94.4
100 7
91.0
75.1
136 2
101.8

1

r

r
T
r

r

r

r

r

" 151.8

140.5

r

T

r

Tobacco prod, and bottled beverages 9
Beverages, alcoholic _ _ _ _
Cigarettes
_

do___
do
do

131.4
121 3
134.8

131.8
120 8
134.8

132.0
121 1
134.8

132.0
121 1
134.8

132.0
134.8

132.0
121 1
134 8

132.1
121 2
134.8

132. 1
121 2
134 8

132. 1
121 3
134 8

132.1
121 3
134 8

132.0
121 1
134 8

132.1
121 2
134 8

132.1
121 2
134 8

132 6
121 1
134 8

132 8
121 1
134 8

133.4
121 2
134 8

Miscellaneous
Toys, sporting goods

do
do

94.5
117.5

92.1
118.3

89.9
118.5

91.1
118.6

90.3
118.6

90.6
118.6

92.4
118.6

95.6
118.4

95.2
118.3

96.8
118.9

97.7
119.0

99.5
118.9

95.9
118.9

95.6
119.0

95.6
119.7

95. 6
119.6

83.7
80.3

83.6
79.1

83.9
79.0

83.9
78 9

83.6
78 6

83.6
78 5

83.7
78 4

83.4
78 5

83.3
78 4

83.4
78 4

83.8
78 4

84.2
78 5

84.6
78 4

84.3
78 1

PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Consumer prices

_ -1947-49 = 100 _ _
do

l
2
"•Revised.
Formerly titled fuel, power, and lighting materials.
Petroleum and
3
products index, published through Dec. 1960, has been discontinued.
Formerly titled
nonmetallic minerals, structural.
* indexes based on 1935-39=100 are as follows: Measured
by—wholesale prices, 44.1 (Sept.); consumer prices, 44.1 (Sept.).
cf For actual wholesale




r
4

84.1
78 1

* 84.2

prices of individual commodities, see respective commodities.
^Revised beginning Jan.
1961 to incorporate new weighting structure based on net selling value of commodities in
1958; comparability with earlier data is unaffected.
OGoods to users, including raw foods
and fuels.
9 Includes data not shown separately.

SURVEY OF CUEEENT BUSINESS

October 1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

\lonthlv
average

S-9

1960
Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

July

Mar.

Apr.

May

June

Aug.

Sept.

3,979

4 409

4 903

5,351

r

5, 285

3, 745 ' 3, 714 3,714

5, 388

5,432

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted) total
Private, total?

mil ifi

4 630

5, 016

4,771

4,482

3,887

3,684

r

3, 300

3, 556

3,524

3,463

3, 395

3,170

2,793

2, 645

2,842

3,147

3,492

3,740

2, 030
1, 603
413

1,879
1, 368
433

2,031
1, 524
426

1.972
1,492
398

1,897
1,443
372

1,840
1,392
361

1,698
1, 267
340

1.449
1,051
307

1,322
939
292

1,483
1 , 056
337

1,772
1,173
506

2,023
1, 256
669

2,188
1,407
682

r 2, 136

738
176
328
165
109
417

847
238
348
172
107
444

884
237
360
176
126
489

904
247
369
184
121
501

929
255
386
194
111
499

946
261
402
201
103
479

925
264
387
186
87
437

886
265
362
161
77
358

858
259
352
157
81
363

831
246
345
160
100
406

809
234
337
150
116
428

842
226
363
170
136
467

900
219
401
205
156
473

932
216
419
220
164
491

do

1,351

1,329

1, 649

1, 644

1, 553

1, 376

1,312

1,094

1,039

1,137

1 262

1,411

1,611

_ do
do
do
do

376
124
489
362

399
116
455
359

448
141
645
415

450
132
644
418

448
148
558
399

408
156
450
362

391
122
470
329

389
88
291
326

356
109
267
307

403
119
271
344

433
118
338
373

440
127
435
409

468
136
574
433

55, 837

55 599

55 552

56,079

56, 650

56 018

55, 717

55 794

55 883

55 892

57, 615

39, 474

39, 316

39, 200

39, 624

39, 639

38, 575

37, 962

38, 511

39, 365

39, 606

40, 737 Ml, 291 ' 41, 183 41, 388

22, 448

22, 102

21, 834

22, 016

21,916

20, 649

20, 016

20, 508

21, 421

21, 631

22, 680

10, 061
2, 880
4,033
1, 927
1,272
5 410

10, 226
2,958
4, 134
2, 005
1,289
5 418

10, 418
3, 010
4, 262
2,074
1,288
5 361

10, 562
3,025
4,378
2, 123
1,298
5 452

10, 751
3,025
4 519
2, 226
1 242
5 458

11,193
3, 053
4, 848
2, 395
1 126
5 308

11, 100
2,992
4,821
2,356
1, 157
5 384

10, 960
2, 957
4,743
2,338
1,334
5 398

10, 803
2,921
4 636
2,192
1 508
5 323

10, 628
2,849
4, 515
2,095
1 686
5 383

10, 584
2, 750
4,510
2,141
1,839
5 382

do

16, 363

16, 283

16,352

16, 455

17,011

17, 443

17, 755

17, 283

16,518

16, 286

16, 878 ' 15, 863' 16, 658

do
do
do

4, 896
1,444
5, 724

4, 959
1 340
5, 602

4,995
1,490
5,427

5, 055
1 678
5,243

5,072
1 531
5 953

5, 094
1 284
6 470

5, 157
1 942
5,934

5, 221
1 764
5,662

5 222
1 651
5 060

5, 186
1 507
4 983

5, 229
1,382
5,527

Public total

New construction (seasonally adjusted at annual
rates) total
mil $
_

do

Residential (nonfarm)
do
Nonresidential buildings, except farm and
public utilities, total 9
mil $
Industrial
do
Commercial 9
do
Stores, restaurants, and garages*
do
Farm construction
do
Public utilities
do
Public, total 9
Nonresidentiol buildings
Military facilities
Highways
CONSTRUCTION

5, 168

3, 362

do

Residential Cn on farm) 9
do
New housing units
_ do Additions and alterations
do
Nonresidential buildings, except farm and
public utilities, total 9
mil $
Industrial
_
_ _
_ do
Commercial 9
do
Stores, restaurants, and garages*
do
Farm construction
___"
do
Public utilities
do

Private, total 9

5, 205

r

-

Nonresidential buildings _
Military facilities
Highways
Other tvpes

4,713

r
2, 105
2,089
1,524 ' 1, 574 1, 590
'512
M28
396

r

r

1, 540

r

57 154

949
218
421
220
150
507

1, 674

1,718

'459
' 109
r
651
' 455

'450
r
98
r
562
r
430
r

937
213
416
215
'161
'491

T

57, 841

23, 233 r 23, 262

461
117
689
451
58 440

23, 386

10, 608 10, 629 10,711
2,588
2,672
2,610
4, 646
4,578
4,718
2,255 f 2,347
2,398
1, 661
1,759
1,627
5 457 ' 5 409 5 460
r
r
r

4 963 '5,014
r
1 117
1 140
5 128 r 5, 762

17, 052
5,092
1 195
5 990

CONTRACTS

Construction contracts in 48 States (F. W. Dodge
Corp.):
Valuation, total
mil $
Public ownership
do
Private ownership
do
By type of building:
Nonresidential
do
Residential
do
Public works
do
Utilities
do
Engineering construction:
Contract awards (ENR) §

do

Highway concrete pavement contract a wards: of
Total
thous. SQ yds
Airports
do
Roads
do
Streets and alleys
do

3 022
922
2. 100

3 026
1,049
1,978

3 295
1.018
2 277

3 119
995
2, 124

3 319
1, 125
2,194

2 886
1 071
1,815

2 718
1 218
1,500

2 485
838
1,647

2 235
732
1, 504

3 166
1 090
2,075

3 298
1 170
2 128

3 501
1 127
2 374

3 602
1, 235
2,367

3 529
1 265
2 263

3 543
1 158
2, 384

949
1,429
484
161

1,020
1, 259
579
169

1,177
1, 433
520
165

1, 124
1,277
544
173

1, 165
1,390
647
117

916
1,253
566
152

994
878
735
110

813
974
400
298

804
870
394
167

1,027
1,371
625
142

1 050
1,454
639
154

1 105
1,553
623
219

1,221
1,558
632
191

1 154
1,502
710
163

1,087
1,589
687
179

1,702

1,888

1,859

2 232

1,796

1,775

1,875

1 661

1,360

1 912

1 817

1 789

2 392

1 883

2 220

7,828
756
4 141
2 931

9,315
621
5 653
3 041

11,216
684
6 366
4, 166

7,446
405
3 829
3 212

8, 541
635
4 461
3 445

11, 208
207
7 045
3 957

12, 101
361
9 012
2 727

8 632
959
5 891
1 782

7,349
224
5 125
1 999

7,762
980
5 083
1 699

10 522
202
7 232
3 088

10 482
110
5 994
4 378

11,216
582
6 119
4 514

9 041
938
4 328
3 774

129. 5
104.2
126 4

108.0
84. 1
104 3

135. 1
107. 0
130. 3

102. 6
80.3
96 9

113.2
86. 7
110 4

94. 5
70.4
92 8

70.9
48.0
64 2

72.5
51 8
69 8

81.0
56.5
75 8

109.7
80 1
104 6

115.3
85 4
111 0

130.7
97 9
126 6

127.6
89.7
124. 6

1C6. 2
74.0
102. 5

133.0
84.4
128.2

100. 6
68.3
94.9

110. 1
78.0
107.3

93.5
66.1
91.8

70.4
49.8
63. 7

71.0
51. 1
68 3

77.7
55.7
72. 5

107.3
79.1
102.2

113.0
79.7
108 7

128.3
89.5
124 2

1, 355
1,335

1,089
1, 067

1,273
1,237

1,220
1,206

996
987

1,127
1 098

1,169
1 115

1,296
1,262

1, 166
1 143

1,291
1 268

1 657

HOUSING STARTS
New housing units started:
Unadjusted:
Total, incl. farm (public and private)
One-family structures
Privately owned
Total nonfarm (public and private)
In metropolitan areas
Privately owned.
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)

thous__
do
do
_

do
do
do
do
do

T
r

138.3 r 128. 5 ' 129. 5 125. 3
100 6
98 4
19Q 4
132 4 T 125 2 T 126 4
135.3 ••126.0
' 126. 7 123.7
92. 5 r 87 0
86.0
129 4 r !22 7 r!23 6
118 8

r

T

r
r

1, 381 r'1 343 0 rrl,321 0 1 360 0
i 351 l 318 0 l 296 0 1 343 0

CONSTRUCTION COST INDEXES
Department of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York .
San Francisco
St. Louis. _

1947-49=100-

141

144

144

144

144

144

143

143

144

144

145

146

145

"•146

145

1913=100-.
do
do
_ _ . _ do _
do

704
771
764
656
684

722
793
783
677
700

723
789
779
671
704

727
803
787
679
704

728
803
795
681
706

730
806
795
690
710

731
806
796
691
710

732
806
808
691
710

733
806
808
695
710

733
807
808
696
713

735
808
808
696
713

737
808
808
696
721

740
809
810
704
721

742
809
820
706
722

746
809
820
706
722

Associated General Contractors (building only)
533
538
517
538
537
1913 = 100—
r
Revised.
9 Includes data not shown separately.
*See Bureau of Census reports for monthly data prior to Aug 1960.
§ Data for Sept. and Dec. 1960 and Mar., June, and Aug. 1961 are for 5 weeks; other
months, 4 weeks.




145

536
54?
547
538
538
539
538
547
538
547
547
d" Data for Aug. and Nov. 1960 and Jan. and May 1961 are for 5 weeks; other months, 4
weeks.

SURVEY OF CURRENT BUSINESS

S-10
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

I960

Monthly
average

October 1961
1961

1960
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates: t
Average, 20 cities:
Apartments, hotels, office buildings:
Brick and concrete. .. U.S. avg. 1 926-29-1 CO _ _
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=400
Construction
do
Bu. of Public Roads — Highway construction:
Composite stand mile (avg for qtr ) 1946 — 100

1

306. 2
296 4
293. 2

313. 6
302 3
297. 8

314.6
302 4
297. 9

315.1
302 7
297. 9

315.0
309 5
297.2

315.0
302 4
297. 0

315.1
302 4
296.8

315.6
309 5
296.4

315.7
302 5
296.4

315.9
302 7
296.4

316.2
302 9
296.6

320.1
305 0
298.7

321.6
306 4
299.7

322.4
308 0
300.3

322.8
308 2
300.3

323. 3
308 7
300.7

318 1
315 8
293 1
989 8
300 4

326. 2
321 '>
298 5
994 4
302 6

327
390
298
°94
3GO

6
8
8
7
5

328 2
391 1
298. 9
291 4
300 8

39g. 1
3'>] 0
298 5
993 5
300 8

398
390
298
993
300

1
8
4
3
4

3°8 2
390 8
298 °
300 3

399
39()
298
992
300

3°9
3°0
298
292
300

329
390
298
992
300

329
321
298
292
300

334
324
300
294
300

335
325
301
295
301

336
325
302
296
302

337
326
302
295
302

337
326
302
296
302

9
93 9
284. 0

999 9
288. 4

9

99 5
288. 5

999 6
288. 3

9Q§ 9

287. 5

998 7
287. 3

298 5
287 1

298 2
286 5

298 9
286 5

298 2
286 4

298 4
286 7

300 9
288.4

301 9
289.3

302 5
289 9

302 6
289 9

303 0
290.2

162.5
176 5

165. 7
182 2

166.4
183 4

1 66. 0
183 1

165. 9
183 9

166.1
183 3

166 5
184 9

166. 5
184 2

166 5
184 1

167 1
184 9

168.3
187 0

168 6
187 7

169.1
188 4

168 8
188 5

169 0
188 5

168 7
188 6

138 4

1

134. 9

136.6

993 o

0
8
2
9
1

1
9
2
3
1

135 0

1
8
1
0
1

5
2
1
4
4

6
0
8
5
5

133 4

9
2
9
3
5

8
9
4
0
0

0
1
5
9
2

134 5

CONSTRUCTION MATERIALS
Output index, composite:
Unadjusted 9 t
Seasonally adjusted 9 t

.

1947-49=100
do

Iron and steel products, unadjusted J
do
Lumber and wood products, unadjusted-., do
Portland cement, unadjusted
_ _ _do

r 136. 2 M31.3
r

148.4
134 7

139. 5
133. 7

131.6
116 4

116 9

102 8
120 5

r
r

104. 6
111 7

r

199 4

T

100 0
113 4

T

125. 3
130 1

94 7
109.9
90.0

r

120 9
128.5
130. 7

r
r

r
r

147. 2
137 4

150.2
140.5

130.8
135. 4

132 5
132.6
158.3

149 1
147.9
186.1

158 8
141.3
189. 0

132 3
123. 1
194.5

131.2
129 2

140. 1
169.0

198 6
132. 6
159.0

142 0
145. 5
199.0

133 8
136. 5
186. 2

1°6 0
l->9.9
188.1

111 6
117.6
158.0

95 3
104.9
199 7

100 7
112. 5
100.2

505 78
232. 23

383. 38
165. 42

416 95
180. 82

425 12
169. 07

433. 65
162.08

403 68
150.40

390 96
141.87

410 35
131.65

340 97
107. 75

347 56
124 84

317 68
108. 65

348 99
123 39

385 86
137 27

386 21
144 39

463 35
18]. 66

2^134

21,981

1,696

1,736

1,735

1,741

1,981

1,571

1,496

1,477

1,576

1,624

1,869

1,871

2,001

1 263

1 192

1 413

1,316

1,250

1 140

1,150

969

1 001

1 356

1 309

1 511

1 721 T 1 482

1 779

433
551
278

390
511
291

430
651
332

402
591
323

394
545
311

332
508
300

367
460
323

285
400
285

988
395
318

427
515
414

417
504
388

460
603
447

532
712
477

T 429
659
401

496
785
498

2, 686
3, 673

2, 445
4, 279

9 784
4, 347

2, 598
4,814

4. 512

2.378
4,740

2,338
4,973

2,075
5, 523

1,997
5, 096

2,444
6, 272

2,358
5,942

2,700
6,090

2, 856
6,576

2,653

87.26

92. 32

90. 04

81.84

92. 73

84.34

101.90

117.25

116.61

109. 22

95.49

93.10

103. 35

93.11

r 191 4

REAL ESTATE
PTome mortgages insured or guaranteed "byFed FTous Adm • Face amount
mil $
Vet Adrn • Face amount
do
Federal Home Loan Banks, outstanding advances
to member institutions
mi $
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan:
Home construction
_
do
Home purchase
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mi $
Nonfarm foreclosures
number
Fire losses

-

_mil $

r
r

91.63

DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index, _ _
_ _
.1947-49 = 100
Business papers
do
Magazines
do
Newspapers
Outdoor
Radio (network)
Television (network)

Soaps, cleansers, etc
Smoking materials
All other
Spot (national and regional) :
Gross time costs total
Automotive incl accessories
Drugs and toiletries
Foods soft drinks confectionery

Magazine advertising:
Cost total
Apparel arid accessories
Automotive
incl accessories
Buildin0' materials
Drugs and toiletries
Foods, soft drinks, confectionery

235
246
188

236
259
179

235
251
181

246
247
208

234
244
175

235
235
181

234
194

229
225
186

236
221
187

229
234
177

236
241
182

241
242
171

206
152
24
452

210
23
462

198
169
25
502

205
1(54
22
492

203
170
21
507

202
166
22
513

209
147
18
500

206
149
18
479

190
140
24
505

212
135
23
520

196
125
23
512

200
126
25
532

215
149
25
557

mil $
do
do
do

52.3
39
14 8
10.5

56.9
4 6
16 3
10.8

50. 9
3 2
16 9
9.6

51.4
4.0
14 8
9.2

63.4
7 2
17 4
11.9

64.0
5. 5
16 6
12.3

60
4
18
12

7
7
0
2

61.8
4.9
18 4
13.4

57. 1
3.7
16 6
12.9

63.6
3.9
18 2
14.4

59.8
3.3
15 5
13.6

61.7
3.8
16. 6
13.3

59.9
3.6
18.4
12.0

58.1
3.3
19.3
11. 4

do
do
do

5.6
6.3
11 3

5.8
6 4
13 0

5.6
6 3

6.2
6.4
10.8

6.2
6. 1
14 5

6.1
6.2
17.4

5.4
7 0
13 4

6.5
6.8
11 8

6.7
6.0
11.1

7.8
6.6
12.7

7.7
6.5
13.3

7.2
7.0
13.7

7.1
6.6
12.1

6.6
8. 1
9.5

do
do
do
1950-52=100

Television advertising:
Network:
Gross time costs, total
Automotive incl accessories
Drugs and toiletries
Foods soft drinks confectionery

Soaps cleansers
etc
Smokin°r materials
All other

225
232
173

160

1

do
do
do
do

9 4-

1

do
do
do

17.4
7 7
34.8

18 9
89
42 4

1
1




69. 6
8 7
3. 2
4 1
6. 2
8.7

16.8
7 5
35.3

21.6
8.3
43.8
47.4
4.8
2.7
1.8
4.6
7.4

4 5
2 7
4 4
33
4 3
7 5
6.7
4.7
3.1
4.4
2.0
6.7
4.7
3.6
4.4
3.5
1.9
2.8
.7
4
.4
.8
.9
.8
2.2
1.7
2.7
2.2
2.5
2.6
18.4
25.7
25.0
22.4
26.8
20.8
9 Includes data for items not shown separately.
t Revisions for 1955-59 are available upon request.

4 1
4.0
4.2

3.2
2.4
3.3
.4
2.2
15.8

2.5
2.3
2.7
.5
2.2
16.0

58
7.3
4.9
.8
2.5
26.5

51 1
5 3
4 0
19
5 7
7. 5

16 1
8 5
44 3

47.6
.7
3.5
1.8
5.9
8.4

5 3
3 9
4 2
4 2
2 7
Beer wine liquors
do
5.5
8.3
5.6
5.6
3.0
Household equip., supplies, furnishings-- do
6.4
5.0
3.5
4.2
4.6
Industrial materials
do
9
9
8
Soaps cleansers etc
do
1.9
2 1
2 2
2 3
Smoking materials
do
21.6
28.1
21.7
14,8
19.7
All other.__ _ _
_ _
_ do
T
2
Revised.
* Quarterly average based on quarterly data.
End of year.
f Copyrighted data.
OData reported at the beginning of each month are shown here for the previous month.

71. 1
4 7
7 8
3 0
6 7
9.8

160.6
4 6
28.2
54 1

66.5
29
5.8
3.3
7.1
10.0

82.4
5 2
9. 7
I 9
7. 4
10.4

65 3
4 0
6 7
2 8
6 2
8. 7

151.3
4 0
31.1
56 6

78.7
5.8
7,6
3.6
7.2
10.8

98.1
6 8
14.7
3 4
8 8
13.1

do
do
do
do
do
do

1
1
5
6

163
5
32
56

125. 0
4 7
22.6
37 9

154
2
1
5 6
28 7
i 49 g

1

64 7
3 6
5 3
8
6 4
9.4

48.9
1 5
6.8
1 6
3.9
8.0

64.5

31
7.5
21
5. 5
11.4

77.0
56
8.2
28
7.2
11.6

83.5
6 5
8.6
4 3
6.7
11.8

2.7
21.6

6
6
8
3
5

SURVEY OF CURRENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

S-ll

1960

1960

Monthly
average

Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

188.6
50.0
138.5

236. 2
57.8
178.3

241. 8
60.4
181.5

249. 3
62.2
187.1

236. 5
61.3
175.3

207.7
60.6
147. 1

224.4
61.3
163. 1
10.8
3. 8
21.8
126 7

Sept.

DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil. lines
Classified
.__ do
Display, total
__
do
Automotive
General
Retail

__

_

.

238. 8
60.6
178.1

240.7
61.3
179.5

224. 1
63. 6
160.6

240.1
60.9
179.2

265. 8
63. 4
202.4

256.6
55.6
201.0

238. 7
48.3
190. 5

195. 7
53. 6
142. 1

do

12.9

13.8

11.9

13.1

8.5

11.0

9.8

12.8

13.1

15.8

13.8

10.8

30.3
130 4

28.8
132 4

22.0
123.3

12.3
3. 8
28.8
134 3

17.0

do
do

36.3
144 2

34.1
149 4

24.8
152 5

19.0
105 4

22.8
101.9

29.0
131 9

31.0
132 2

32.3
134 4

30.4
126 0

21.0
109 7

17, 951

18, 294

18, 153

17, 898

18, 648

18, 385

22, 153

15, 803

15 071

17, 934

17, 398

18, 532

18, 907

RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total

mil. $

Durable goods stores 9
-- --- do
Automotive group
do
Motor vehicle, other automotive dealers
mil. $__
Tire, battery, accessory dealers _
do
Furniture and appliance group
_.
Furniture, homefurnishings stores
Household appliance, TV, radio _

do
do.__
do _

Lumber, building, hardware group71 do
Lumber, bldg. materials dealersd .. _do ___
Hardware stores
__
do
Nondurable goods stores 9
do
Apparel group _
__do _
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Family and other apparel stores
do
Shoe stores
do

r

17, 922 - 18, 354

5,972
3 287

5,894
3,292

5,952
3 221

5,613
2 864

6,013
3 232

5,814
3 174

6,091
2 998

4. 634
2 676

4,479
2 587

5,467
3 190

5,414
3 088

6, 006
3 413

6,214
3 454

5, 640 - 5, 722
- 3, 033 - 2, 985

3,074
213

3,082
211

3,003
218

2,661

203

3,027
205

2, 976
198

2,731
267

2, 526
150

2. 438
149

3.007
183

2,890
198

3,192
221

3,207
247

- 2, 796
'237

2, 746
239

920
582
338

883
564
319

898
580
318

881
561
320

919
600
319

927
606
321

1,123
696
427

723
445
278

682
431
251

776
488
288

768
493
275

844
553
291

895
563
332

••845
- 534
••311

-925
591
334

988
759
229

943
718
224

1,082
858
224

1,027

1,036

932
723
209

892
601
291

659
493
166

632
475
157

820
625
195

878
666
212

990
755
235

1,039
799
240

••1,008
-783
-225

1,050
832
218

11, 979
1,105
211
440
259
194

12, 400
1,142
218
444
276
204

12, 201
1,016
177
394
246
199

12, 285
1,142

12, 635
1, 183

219
467
295
202

12, 571
1,190
229
464
314
183

16, 062
1,979
440
749
528
262

11, 169
886
187
347
202
150

10 592
775
14S
315
179
135

12, 467
1, 191
200
457
302
232

11,984
1,019
181
401
238
199

12, 526
1,105
205
434
260
206

800
227

192
443
274
233

812
224

1

r

12, 693 -12, 282 - 12, 632
-953 - 1, 039
1, 109
242
-190
179
-358
405
400
-224
256
257
206
- 181
203

18, 217

1
1

5, 330
2 689

1

898

1
12,
1

887
1, 134

Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
_ _
__
Gasoline service stations. _.

do
do
do
do
do

596
1,300
4,307
3,837
1,399

628
1,341
4, 486
4,028
1, 466

613
1,480
4,405
3,948
1,568

608
1,394
4,517
4,073
1,470

627
1,379
4 516
4, 060
1,505

608
1, 305
4 433
3,970
1,455

818
1, 352
5 087
4, 579
1,511

606
1,229
4 287
3, 860
1,381

588
1 135
4 173
3 747
1,282

627
1,282
4 702
4,233
1,429

607
1,313
4 486
4 036
1, 439

629
1,386
4 574
4, 114
1,523

624
1,432
4,771
4, 295
1, 568

-629
- 1, 490
4, 682
-4,210
- 1, 604

-628
- 1, 508
- 4 649
- 4,169
- 1, 627

i 632
1, 520
4 899
4,398
1,510

General merchandise group 9
Department stores _
Mail order houses (dept. store mdse.)
Variety stores __ __ _
Liquor stores

do
do
do
do
do

1,949
1, 134
142
321
395

2,001
1, 162
155
325
407

1,925
1,102
154
314
400

1,941
1,141

149
305
398

2,093
1,241
165
318
404

2,237
1, 316
222

1, 456
829
120
222
359

1 417
796
117
239
341

1,921
1, 105
163
312
374

1,803
1 052
134
286
375

1, 966
1, 143
156
312
383

1,993
1,180
142
315
393

1,772 - 2, 027
-1,018 - 1, 175
120
163
329
-300
-404
399

2, 053
1 206

421

3, 604
2, 104
258
674
637

18 201

18, 104

18 543

18 398

17 887

17 773

17 795

18 127

17 860

17 995

5 765
3, 211

5, 779
3, 177

6,076
3, 405

5 917
3,348

5 488
2, 970

5 359
2,848

5 348
2 890

5 547
3 044

5 409
2 919

5 549
3, 105

5 586
3,068

- 5, 505
- 2, 934

- 5 482
2,935

3, 016
195

2, 971

206

3,203
202

3,150
198

2,757
213

2 651
197

2 687
203

2 838
206

2 714
205

2 900
205

2, 854
214

- 2, 717
-217

2,722
213

do
do
do

872
557
315

888
570
318

895
580
315

841
541
300

840
541
299

844
528
316

812
509
303

833
515
318

872
547
325

839
537
302

857
547
310

-883
- 568
-315

892
564
328

Lumber, building, hardware group _ do
Lumber, bldg. materials dealerscf
do
Hardware stores.
_
do

942
725
217

911
690
221

936
719
217

916
713
203

895
674
221

913
689
224

900
682
218

944
720
224

900
687
213

877
673
204

899
687
212

-926
- 704
- 222

909
699
210

do
do
do
do
do
do

12, 436
1, 180
227
461
279
213

12, 325
1, 134

12, 467
1, 124

12, 481
1, 130
211
444
283
192

12, 399
1 100
210
425
278
187

12, 414
1 144
224
442
281
197

12 447
1 130
211
441
277
201

12, 580
1 161
224
437
294
206

12, 451
1 076
205
409
265
197

12, 446
1 103
216
415
280
192

do
do
do
do
do

628
1 319
4,508
4 048
1, 463

General merchandise group 9
do
Department stores
_
do
Mail order houses (dept store mdse ) do
Variety stores
do
Liquor stores
__
do

Estimated sales (seas adj ), total

do

Durable goods stores 9
do
Automotive group
_
do
Motor vehicle, other automotive dealers
mil $
Tire, battery, accessory dealers _ do
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, TV, radio

Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary
stores
Eating and drinkin01 places
Food group
Grocery stores
Gasoline service stations

Estimated inventories, end of year or month:
Book value (unadjusted), total
mil $
Durable goods stores _
_
do
Nondurable goods stores
do
Book value (seas adj ) total
Durable goods stores 9
Automotive group
Furniture and appliance group
Lumber building hardware group

do
do
do
do
do

632

213
450
266
195

12, 613 -12,521 - 12, 729
1,176
1, 136 - 1,118
218
229
226
454
-434
435
275
-266
285
211
197
- 200

637

1 337
4 456
4 013
1,465

1 344
4 507
4 048
1,481

638
1 346
4, 594
4 127
1,464

633
1 358
4,502
4 062
1,502

615
1 310
4, 563
4 115
1,465

629
1 339
4' 590
4 122
1 473

634
1 3%
4, 603
4 128
1,491

628
1 380
4,548
4,085
1,474

630
1 347
4,624
4 164
1,480

642
- 649
1 370 - 1 335
4, 622
4, 610
4, 157 - 4, 143
1,500 - 1, 485

642
1 345
4, 689
4,211
1,514

1 988
1, 139
154
338
418

1 985
1,148

2 033
1,201

160
317
397

1 980
1, 131
166
330
418

1 991
1,173
157
311
391

1 950
1,112
152
329
422

1 998
1 159
149
331
405

2 039
1,172
168
334
407

2 027
1, 192
161
322
420

1,974
1,132
157
335
400

2, 067
1, 205
160
339
416

- 2, 069
- 1, 237
155
-324
-393

2,078
1, 206
163
349
410

152
324
406

23. 370
10, 660
12, 710

24, 380
11, 420
12, 960

24, 960
11, 480
13, 480

25, 020
11,040
13, 980

25, 890
11,550
14, 340

26, 380
11, 800
14, 580

24 380
11,420
12, 960

24, 250
11,480
12, 770

24 690
11,560
13, 130

25, 030
11, 500
13, 530

25, 200
11,490
13, 710

25, 060
11,550
13, 520

24, 620 - 24, 490
11, 420 11,320
13, 200 -13,170

24, 230
10, 650
13, 580

24 310
10, 980
4 260
2 010
2 330

25 440
11, 930
5 270
2 000
2 280

25 200
11, 650
4 920

25 340
11,760
5 070
2 060
2 290

25 360
11, 900
5 240
2 030
2 290

25 420
11, 930
5 300
2 040
2 270

25 440
11,930
5 270
2 000
2 280

25 100
11, 610
4 960
1 960
2 9qo

24 900
11,380
4 770
1 9r;0
2 270

24 410
10, 950
4 380
1 950
2 250

24 410
10. 900
4 330
1 940
2 240

24 520
10, 990
4 4<"0
1 960
2 220

24 590 -24,720
11,060 11, 150
4 520 - 4, 570
1 960 - 1, 950
2, 250
2 230

24, 510
10, 870
4,320
1,960
2, 230

13 490
2 780
2 990
4,370

13 510
2 810
3 050
4, 320

13 550
2 SfO
3'0''0
4, 290

13 510
9 7qo
3' 0!-;0
4, 260

13 460
2 750
3 120
4, 280

13 510
2 780
3 110
4, 280

13, 530
2 7SO
3 120
4,290

13 530 -13,570
2 780 - 2, 780
3, 140
3 130
4,310
4,290

13, 640
2,780
3, ISO
4, 360

13 330
Nondurable goods stores 9
do
2 780
Apparel group
do
2 940
Food group
do
4, 280
General merchandise group
_ __ _ do
* Advance estimate.
9 Includes data not
••Revised.




215
448
262
209

18, 199 -18,026 -18 211 U8 166

2' 100

2 270

13 510 13 550 13 580 13 460
2 790
2 780
2 780
2 810
3' ooo
3 050
3 040
3 020
4,420
4,320
4,410
4,320
shown separately.
d" Comprises

1

1

lumber yards, building materials dealers, and paint, plumbing, and electrical stores.

5 528

12, 638

SURVEY OF CURRENT BUSINESS

S-12
1959

Unless otherwise stated, statistics through 1%0
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1960

October 1061

1960

Monthly
average

Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

4,044

5,047

4, 763

4,988

5, 193

4,805

5, 062

Sept.

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), total

4,456

4,724

4,556

4,757

4, 904

4,970

6, 800

4,107

do

3,889

4, 223

4,094

4,250

4,343

4, 387

6, 003

3,534

4,334

4,065

4.263

4 462

4, 133

4, 339

do
do
__do
do

254
19
108
78

293
29
118
85

262
21
108
78

299
24
117
96

309
31
125
85

312
34
129
80

511
58
213
123

200
23
76
62

186
18
76

328
29
128
102

263
24
106
83

292
28
119
87

295
32
116
91

242
23
98
73

270
22
111
79

do
do
do

102
79
38

121
93
37

115
100
38

118
95
37

199

96
41

120
91
45

187
91
44

113
84
28

108
80
29

121
92
36

118
93
35

119
96
42

122
98
39

121
100
37

119
101
37

1,210
717

1,290
781
951
1,785
69
82

1,266
760
245
1,691
84
85

1,258
775
234
1,836
80
78

1,361
842
243
1,786
81
82

1.453
877
253
1,747
70
80

2,321
1,370
523
2, 093
57
108

910
548
164
1,695
48
59

897
534
179
1,669
47
62

1,240
747
241
1,930
57
78

1,183
732
1,782
60
87

1,286
783
245
1,798
68
95

1,320
818
949
1,921
74
109

1,171
709
234
1, 820
71
103

1, 344
806
269
1, 802
76
101

mil. $__

Firms with 11 or more stores:
Estimated sales (unadj ), total 9
Apparel group 9
Men's and boys' wear stores __
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture, home furnishings stores

General merchandise group 9
do
Dept. stores, excl. mail order sales _ __do
Variety stores
do
Grocery stores
do
Lumber yards, bldg. materials dealers of do
Tire, battery, accessory dealers
do _ _

248
1,625
69
81

do

4,248

4,249

4,264

4,269

4, 245

4,195

4,262

4,348

4,270

4,282

4,371

4,360

4,446

Apparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores

do
do
do
do

303
31
121
88

297
30
119
87

298
30
122
86

295
29
121
85

279

289
30
116
88

293
29
120
88

295
29
119
88

274
26
112
81

291
29
114
86

290
30
117
84

297
29
118
82

323
32
123
90

Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores

do
do
do

190

193

125
94
39

124
91
37

90
36

123
90
33

194
94
36

1°5
95
37

191

93
38

124
94
38

192

93
38

95
40

195
95
38

124
93
41

123
93
36

General merchandise group 9
do
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
-_do
Lumber yards, bldg materials dealers d* do
Tire battery accessory dealers
do

1,292
768
964
1,795
70
79

1,280
772
252
1,811
69
83

1,306
807
946
1,790
71
83

1,282
770
953
1 , 822
70
82

1,250
745
946
1,808
67
79

1,303
793
9
48
1,808
68
84

1,339
793
•>58
1,835
67
89

1,329
812
°49
1,795
62
90

1,299
768
9
64
1,828
61
84

1,344
802
9
68
1,851
63
94

1, 357
831
253
1, 827
62
95

1, 362
810
279
1, 865
62
93

Estimated sales (seas adj ), total 9

Department stores:
Accounts receivable, end of month:
Charge accounts
1947 49—100
Installment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent. _
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
Sales, total United States:
Unadjusted
Seasonally adjusted

1947-49=100__
do

Stocks, total U.S., end of month:
Unadjusted
Seasonally adjusted

do
do

113
79

1 , 295
800
237
1,817
67
81

170
383

177
433

151
406

162
415

171
422

184
431

244
479

210
480

173
462

165
449

164
441

164
437

162
433

149
428

153
428

47
15

46
15

47
15

46
15

47
15

48
15

48
15

45
14

45
14

49
16

44
14

48
15

48
15

47
14

48
15

43
42
15

43
42
15

43
42
15

42
43
15

41
43
16

42
43
15

44
42
14

43
40
17

42
42
16

42
43
15

43
42
15

43
42
15

43
41
16

43
40
17

43
41
16

144

145

132
144

145
144

153
150

171
142

262
147

108
142

109
145

132
146

134
148

140
144

141
149

126
151

M37
* 150

* 165

169

176
168

186
167

192
169

150
165

145
162

153
161

164
161

169
162

165
164

156
164

157
166

P 165
p 169

P 151

P 150

156

165

12.3
4.6

12.3
4.4
7 9

13.0
4.7
8.2

12.8
4.6
8.1

12.8
4.5
8.2

12.9
4.3
8.6

12.6
4. 1
8.5

11.4
3.8
7.6

11.3
3.7
7.6

12.8
4. 2
8.5

11.7
4.0
7.7

12.8
4.4
8.3

12.8
4.6
8.2

'-11.
9
r
4.1
r
7. 7

13.4
4. 7
8.7

i 12.6
6.4
6.2

i 13. 2
6.6
6.6

13.1
7.0
6.1

13.2
6.9
6.3

13.6
6.9
6. 7

13.6
6.8
6.8

13.2
6.6
6.6

13. 1
6. 6
0. 6

13.1
6.7
6.4

13.4
6.8
6.6

13.3
6.9
6.5

13.3
6.8
6.5

13. 3
6.8
6. 5

13.3
'6.8
6.5

13.5
6.9
6.7

182. 71

182. 95

183. 17

183.41

183. 65

183. 91

184. 20

WHOLESALE TRADE
Sales estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments

bil $
do
do

Inventories estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments

do
do
do

EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii): §
Total, incl. armed forces overseas.
mil
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj. f- __
mil

177.26

2

180.67

180. 94

181.23

181.78

182. 02

182. 26

182. 49

123. 37

125. 37

125. 50

125. 72

125. 94

126. 22

126. 48

126. 72

126. 92

127. 12

127. 34

127. 56

127. 77

127. 99

128. 18

128. 37

73, 126
70, 612
66, 681
5,723
60, 958

74, 551
72, 070
68, 282
6,454
61, 828

73, 672
71, 155
67, 767
6, 588
61, 179

73, 592
71, 069
67, 490
6,247
61, 244

73, 746
71,213
67, 182
5,666
61, 516

73, 079
70, 549
66, 009
4, 950
61,059

72, 361
69, 837
64, 452
4, 634
59, 818

72, 894
70, 360
64, 655
4, 708
59, 947

73, 540
71,011
65, 516
4,977
60, 539

73, 216
70, 696
65, 734
5, 000
60, 734

74, 059
71, 546
66, 778
5,544
61, 234

76, 790
74, 286
68, 706
6,671
62, 035

76, 153
73, 639
68, 499
6, 453
62, 046

75, 610
73, 081
68, 539
6, 325
62, 215

73. 670
71, 123
67, 038
5, 666
61, 372

3, 813
1,040
5.5
thous__ 51, 420

3,931
956
5.6
52, 242

3,788
816
5.3
50, 948

3,388
805
4.8
52, 045

3,579
992
5.0
52, 344

4,031
987
5.7
52, 476

4,540
1, 015
6.4
53, 403

5,385
1, 339

5, 705
1, 624
8.1
54, 024

5,495
1, 862
7. 7
53, 574

4, 962
2,128
7.0
54, 121

4,768
1,915
6.7
53, 499

5, 580
1,575

5, 140
1,634
7.0
51,833

4, 542
1,440
6.2
52, 573

4, 085
1, 257
5.7
54, 701

70, 575
66, 362
5, 659
60, 697
4,414

71, 356
67, 048
5, 799
61, 210
4,389

_ do _
do

70, 796 71,013
Civilian labor force, seas adj \ *
do
66, 747 67, 030
Employed, total
do
5.799
6, 055
Agricultural employment
__ _ _ do
61, 035 60, 996
Nonagricultural employment
do
4, 037
4,132
Unemployed, total
do
5.7
5.8
Percent of civilian labor force__
r
!
2
Revised.
p Preliminary.
End of year.
As of July 1.
9 Includes data not shown separately.
c? Comprises lumber yards, building materials dealers, and paint, plumbing, and
trical stores.
§ Estimate for July 1, 1959, excludes Hawaii.




181.52

71, 946
69, 394
65, 581
5, 836
59. 745

Total labor force, incl. armed forces \
thous__
Civilian labor force, total
__ __ _ do
Employed, total
do
Agricultural employment
do
Nonagricultural employment
_ do __
Unemployed, total
Long-term (15 weeks and over)
Percent of civilian labor force __
Not in labor force f

2

6.3
elec-

54, 364

50, 977

71,118 71,481 71,943 72, 166 71,410 71,403 72, 404 71, 633 71, 789 70. 981
66, 407 66, 583 66. 792 67, 058 66, 532 66, 578 67, 293 66, 763 60, 998 66, 309
5,487
5, 208
5, 196
5, 582
5, 683
5, 721
5, 774
5, 263
5,824
5,848
60,454 60, 667 60, 860 61,212 61, 224 61, 480 61,911 61. 432 61,417 61, 188
4,938
4,957
4, 843
4, 736
4, 970
4, 923
4, 946
4. 889
4, 891
4, 819
6.9
6.9
6.9
6.9
6.8
6.8
6.8
6.2
6.8
6.6
6.8
^Average for 1959 excludes Alaska and Hawaii.
*New series. Since series are seasonally adjusted separately, components may not add
to totals. Monthly data (1948-60) appear in ''Employment and Earnings," BLS (Feb. 1961).

SURVEY OF CUEEENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

1 1960

Monthly
average

S-13

Aug.

Sept.

Oct.

1861
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

July

June

Aug.

Sept.

EMPLOYMENT AND POPULATION—Continued
E MPLO Y MENT— Continued
Employees on payrolls (nonagricultural estab.):
Total, unadj. (excl. Alaska and Hawaii) A
thous-_ 51, 975
Manufacturing establishments
_ __ do __ 16, 168
9,290
Durable goods industries
do
Nondurable goods industries.
do
6,878

52, 895
16, 336
9,430
6, 906

53, 062
16, 386
9,296
7,090

53,496
16, 505
9,403
7,102

53, 391
16, 313
9,305
7,008

53, 133
16, 129
9,235
6,894

53, 310
15, 836
9,065
6,771

51,437
15, 580
8, 902
6,678

51, 090
15, 473
8,804
6,669

51, 397
15,497
8,806
6,691

51, 843
15, 536
8, 865
6,671

52, 407
15, 726
9,039
6,687

676
80
168
301
111

664
92
159
288
113

672
95
156
292
118

663
94
151
289
117

656
93
150
285
117

647
90
147
285
114

641
90
145
286
109

629
89
142
284
104

620
86
142
282
101

622
86
140
284
104

623
86
136
285
108

630
87
136
287
111

640
88
137
292
114

53, 123 '52,851
'53,153 pf>3, 672
15, 973 r 15, 921 '16,175 P16.326
9,167 '9,111 ' 9, 151 P 9, 280
6,806 ' 6, 810 ' 7, 024 P 7, 046

'634
88
'127
'296
'115

'635
86
132
294
114

Mining, tota!9
_ _
Metal
Bituminous coal
_
Crude-petroleum and natural-gas
Nonmetallic mining and quarrying

do ._
do
do
do. _
do

Contract construction
Transportation and public utilities 9
Interstate railroads
Local railways and bus lines
Trucking and warehousing
Telephone _ .
_
_ . _
_
Gas and electric utilities

do
do
do
do
do
do
do

2,767
3,902
931
92
853
706
577

2,771
3,902
893
90
884
704
578

3,130
3,921
905
90
877
714
585

3,069
3,907
876
91
892
708
585

3,006
3,889
869
88
902
704
579

2,847
3,868
852
89
898
702
578

2,552
3,843
849
89
881
699
577

2, 385
3,763
818
89
854
696
574

2, 264
3,759
817
89
851
695
573

2,414
3,749
813
88
848
695
574

2,617
3,756
814
88
850
694
572

2,799
3,773
820
88
857
692
576

3,034
3,818
832
88
877
695
582

do
__do
do
do
do
do

11, 385
3,070
8,315
2,425
6,525
8,127

11, 643
3,136
8,507
2,485
6,637
8,456

11, 592
3,153
8,439
2, 536
6,685
8,140

11,665
3,153
8,512
2,515
6,698
8,474

11, 742
3,162
8, 580
2,501
6,698
8,586

11, 842
3,163
8,679
2,499
6,665
8,636

12, 405
3,161
9,244
2,504
6,612
8,917

11, 464
3,116
8,348
2,490
6,518
8,608

11, 279
3,102
8,177
2,494
6,527
8,674

11, 337
3,091
8,246
2,507
6,566
8,705

11, 389
3,090
8,299
2,520
6,679
8,723

11,446
3, 086
8,360
2,528
6, 753
8, 752

11, 575
3,120
8, 455
2, 556
6,795
8,732

'51,975 1 52, 895
16, 168 16, 336
9,430
9,290
150
142
644
658
384
388
550
550
1,186
1,138

53, 046
16, 265
9,338
150
651
397
553
1,147

52, 998
16, 275
9,391
150
645
391
548
1,133

52, 809
16, 132
9,266
149
632
386
541
1,118

52, 591
16, 030
9,190
152
606
377
534
1,095

52, 221
15, 790
9,030
153
594
367
523
1,070

52, 232
15, 676
8,918
153
604
362
516
1,055

51, 984
15, 527
8,792
153
585
360
506
1,045

51, 939
15, 541
8,781
153
578
363
509
1,048

52, 243
15, 678
8,865
152
598
370
516
1,064

52, 541
15, 910
9,058
153
614
376
526
1,101

52, 949 ' 53, 072 '53.143.
16, 048 • 16, 078 '16,048
9, 162 ' 9, 218 ' 9, 190
154
156
157
639
642
635
385
389
383
531
541
540
1,119
1,129
1,137

P53.171
pl6, 095
p 9, 267
P 1 60
P 629
p 388
p 535
p 1,145

1,069
1,612
1,242
1, 671
339
487

1,079
1,637
1,305
1,642
350
501

1,073
1,644
1,326
1,525
355
517

1,081
1,633
1,327
1,620
351
512

1,075
1,607
1,277
1,630
347
504

1, 053
1,594
1,308
1,631
346
494

1,029
1,574
1,283
1,612
342
483

1,005
1, 562
1,290
1,555
340
476

987
1, 560
1,284
1,498
337
477

981
1,558
1,281
1,499
334
477

1,000
1, 562
1,285
1, 497
334
487

1,031
1, 568
1,305
1,543
339
502

1,047
1,569
1,317
1,549
342
512

1,059
1 , 590
1,344
1,468
349
522

P! 058
p 1,597
p 1 , 350
p i , 532
P349
P 524

Nondurable goods industries
do
Food and kindred products
_ do Tobacco manufactures
do
Textile mill products
_ _
do
Apparel and other finished textile prod.do
Paper and allied products _
do. _ _

6,878
1,470
89
966
1,211
560

6,906
1,473
88
946
1,216
562

6, 927
1, 457
83
963
1,216
565

6, 884
1,457
91
947
1,204
561

6, 866
1,472
89
933
1,192
560

6,840
1,467
85
918
1,204
556

6, 760
1,473
85
900
1,162
550

6, 758
1,485
85
896
1,155
550

6, 735
1,484
85
891
1, 155
546

6, 760
1,499
86
893
1,164
548

6,813
1,489
84
908
1,192
550

6, 852
1,475
83
920
1,216
552

6,886
1,478
83
927
1,222
557

Printing, publishing, and allied ind.. do
Chemicals and allied products
do
Products of petroleum and coal
_ _ d o _ __
Rubber products
do
Leather and leather products
_ do_ _.

868
848
233
260
372

894
875
229
259
365

901
888
227
259
368

901
877
225
257
364

902
874

895
870
219
247
359

895
867

256
363

904
870
223
249
364

245
360

897
864
218
239
356

897
865
217
239
352

897
876
219
243
355

895
886
217
245
363

897
892
219
247
364

676
2 767
3,902
11,385
2,425
6, 525
8, 127

664
2,771
3,902
11, 643
2,485
6,637
8,456

665
2,835
3,892
11, 764
2,499
6, 652
8,474

660
2 800
3,879
11, 665
2,515
6, 665
8,539

656
2 804
3, 879
11, 668
2,514
6, 632
8,524

644
2,783
3,858
11, 568
2, 512
6, 665
8,531

638
2,647
3,821
11, 541
2,517
6,679
8,588

629
2,698
3,820
11. 634
2,515
6, 651
8, 609

620
2 636
3, 803
11, 576
2,519
6, 660
8,643

622
2 715
3, 768
11, 479
2, 520
6, 632
8,662

629
2 781
3, 763
11, 546
2,520
6, 646
8,680

636
2 752
3,776
11, 577
2, 528
6, 653
8,709

637
2 843
3,803
11,649
2,531
6, 695
8,743

' 637 ' 629
2 867
2 854
' 3, 814 3, 808
•11,688 '11,713
' 2, 534 2, 553
' 6, 727 6,707
'8 740 8,818

Production workers on mfg. payrolls, unadj.:
Total, unadjusted
thous__ 12, 237 12, 263 12, 265
12, 158
Seasonally adjusted
do
Durable goods industries, unadjusted _ do.. - ~~6~955~ ~~6~992~ 6,833
6,875
Seasonally adjusted
_
do
73
72
Ordnance and accessories
do
73
576
591
607
Lumber and wood products
do
324
321
327
Furniture and
fixtures
_
do_ ._
444
452
449
Stone, clay, and glass products
do
956
910
Primary metal industries
___ do
916
Blast furnaces, steel works, and rolling
431
462
mills
thous
417

12, 399
12, 176
6, 949
6,937
74
598
328
449
905

12, 226
12, 048
6, 863
6, 824
72
581
327
442
891

12, 037
11, 937
6.786
6,740
74
547
320
431
870

11, 745
11, 701
6,613
6,579
74
518
310
416
851

11, 502
11, 594
6,456
6,471
73
508
303
401
838

11, 395
11, 444
6,359
6,348
73
496
303
396
829

11,418
11,455
6, 363
6, 339
73
498
302
402
833

11, 463
11, 596
6, 429
6,431

11, 643
11,819
6, 595
6, 614
74
551
304
420
877

11, 860
11,933
6, 706
6,702
74
593
308
428
898

'11,786 '12,027 pl2, 175
••11,955 '11,915 pll, 954
' 6, 639 ' 6, 667 p 6, 786
' 6, 747 ' 6, 709 p 6, 776
74
P 76
p 583
' 587 ' 591
'320
p
324
'308
p 435
' 431 ' 437
P925
'911
899

Wholesale and retail trade
Wholesale trade
_. ..
Retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government _ _
_ _

Total, seas. adj. (excl. Alaska and Hawaii) A do
Manufacturing establishments
do
Durable goods industries _
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
Machinery (exc. electrical)
Electrical machinery
_
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind

Mining

do
do
do_ _
do
do
do

do

Transportation and public utilities _ _ _ d o _ _ _
Wholesale and retail trade
do
Finance, insurance, and real estate
do
Service and miscellaneous
do
Government
do

519
305
410
845

r

3,094
3, 842
838
87
r
876
'700
588

P 634

' 3, 165 p 3, 103
' 3, 836 p 3, 840
841
88
875
699
589

'11,544 '11,542 pll, 637
' 3, 1 36 ' 3, 149 p3, 149
' 8, 408 ' 8, 393 P 8, 488
' 2, 585 ' 2, 591 p 2, 567
' 6, 761 ' 6, 741 P 6, 749
' 8, 470 ' 8, 468 pS, 81 6

1,050
1, 585
1,334
1, 537
344
515

' 6, 860 ' 6, 858 p 6, 828
1,454
1,457 p 1,451
82
81
939
938
p 937
1,196 » 1,176
1,205
556
p 552
555
903
895
215
252
361

905
895
218
250
361

P907
p 883
P218
P 251
P362
p 631
p2 831
p3, 812
pll, 637
p 2, 567
p6, 7 15
p 8, 883

418

409

395

381

377

381

387

398

418

832
1,134
840
1,190
574
451
222
387

834
1,137
864
1,158
612
380
226
398

819
1,112
861
1,036
509
365
226
410

835
1,104
877
1,135
597
367
225
418

834
1,087
839
1,149
614
366
223
418

817
1,085
867
1,147
610
372
222
406

794
1,081
844
1,125
596
369
218
383

771
1,075
842
1,068
542
367
215
364

754
1,077
835
1,012
492
366
211
373

750
1,076
830
1,013
489
367
211
374

762
1,081
826
1,018
500
364
210
379

788
1,082
836
1,059
544
360
212
391

p816
801
'783
808
1,079 '1,068 '1,061 p 1,070
p 881
844
'837
'859
1,064 ' 1, 048 '973 p 1,029
552
541
464
352
358
' 356
P221
'218
214
'213
'414
P426
401
'390

5,282
Nondurable goods industries, unadjusted, do
Seasonally adjusted
do
Food and kindred products
do
~~I~025
Tobacco manufactures
_ do __
79
Textile mill products
do
874
1,080
Apparel and other finished textile prod.do
Paper and allied products
do
449

5,271

5,432
5,283
1,142
81
859
1,107
451

5,450
5,239
1,171
97
850
1,094
452

5,363
5,224
1,112
94
840
1,079
449

5,251
5,197
1,036
82
832
1,079
445

5,132
5,122
984
78
819
1,052
437

5, 046
5,123
943
75
807
1,038
434

5, 036
5, 096
925
72
806
1, 063
432

5,055
5,116
932
68
807
1,074
432

5,034
5, 165
942
64
814
1,041
433

5, 048
5,205
951
63

5, 154
5, 231
1,008
64
833
1,047
443

Fabricated metal products
Machinery (exc. electrical)
Electrical machinery
Transportation equipment 9
M^otor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries

__ do
do
do
do. _
do
do
do
__ do

78
852
1,086
447

572
573
Printing, publishing, and allied ind
do
558
578
585
531
538
539
538
537
Chemicals and allied products
do
152
155
154
150
150
Products of petroleum and coal
do _
199
199
196
198
198
Rubber products
do
332
322
331
321
318
Leather and leather Droducts
do
J
' Revised.
P Preliminary.
Total and components are based on unadjusted data.
A Total employees, incl. Alaska and Hawaii (thous.): Unadjusted—1961-July, 53,112;




1,035
435

429

435

441

' 5, 147 ' 5. 360 p 5, 389
' 5, 208 ' 5, 206 p5, 178
' 1, 054 '1,146 P 1.166
P98
62
'79
p 840
'821
'836
' 1, 026 ' 1, 088 p 1,069
p 444
436
443

584
568
579
571
568
567
570
'569
'570
571
533
531
532
'532
528
525
537
535
534
' 536
143
144
144
145
144
142
142
'146
147
145
193
184
'189
181
180
180
188
187
191
188
322
311
311
317
317
318
321
'326
319
318
Aug., 53,411; Sept., 53,920; seas, adj.—1961—July, 53,334; Aug. 53,401; Sept., 53,416.
9 Includes data for industries not shown separately.

p578
p 536
p 145
^192
P321

SURVEY OF CURRENT BUSINESS

S-14
Unless otherwise stated, statistics through 1860
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

October 1961
1961

1960
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian emplovecs (executive branch):
United States _
'
thous
Wash., D C., metropolitan area
do

2, 192
210

2, 243
215

2.214
218

2. 193
214

2, 189
214

2 189
215

Railroad employees (class I railroads) :
Total _
do
Index, seasonally adjusted __ _ 1947-49=100.

841
263.2

805
2 6 J. 5

817
61). 4

787
59.3

782
61). 1

216.9
167. 2
105. 0

225. 1
170. 3
103.9

267. 9
169. 2
104.5

259.4
172.5
101. 6

40.3
40. 8

39.7
---40.1

2 7
41.2
40. 5
40. 9
41.1
40.4

2.4
40. 8
39.4
40.1
40. 5
38.9

39.8
39. 7
2.4
40.0
40.0
2.3
40. 0
39.6
40.8
41.0
38.1

39. 6
39.3
2. 5
39. 9
39.7
2. 5
40.5
39.9
40.5
40.5
38.0

1

2,478

2. 180
215

2,186
215

2, 193
216

2,205
217

2,212
216

2,248
224

2,265
226

2 271
'225

764
58.9

759
58.2

731
54. 6

730
55.0

727
55.2

729
55.6

734
54.5

747
55.0

p 752
?55. 5

p 755
p55. 8

258.4
170. 5
101.6

227.1
166. 2
97. 0

197.1
160.6
97. 0

193. 9
158. 5
97.7

181. 7
157.1
94.5

191.6
158. 2
91.5

211.3
160.3
94.5

232.7
164.8
97.2

39.7
39.5
2 5
40. 2
40.1
2.4
40.4
39. 6
40.4
40.9
37.9

39.3
39.1
2.2
39.6
39.4
2.0
40.8
38.4
39.6
40.7
37.4

38. 6
38.3
2.0
39.1
38.6
1.9
40.2
38.6
39.9
39.6
37.2

38.9
39.0
1.9
39.2
39.4
1.7
40.7
38.8
38.3
39.8
37.7

38.9
39.1
1.9
39.3
39.6
1.7
40.7
38.5
38.7
39.8
37.8

39.1
39.3
1.9
39.5
39.5
1. 7
40.7
38.9
38.9
40.2
38.1

39.3
39.6
2.0
39.9
40.1
1.9
40.8
39. 5
39.0
40.2
38.8

39.6
39.8
2.1
40.2
40.3
2.0
40.8
40.0
38.8
40.7
39.4

40.1
40.0
2.4
40.6
40.4
2.3
40.7
40.5
39.9
41.3
40.1

P745
P55.9

INDEXES OF WEEKLY PAYROLLS
Construction (construction workers)_-1947-49=100-_
Manufacturing (production workers)
do
Mining (production workers)
do _

262.5 ' 268. 2 279.1
170.7 '169. 2 '172.3 pl72.~3~
101.6 ' 102. 9 100. 4

HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls
of nonagrictiltural estab., unadj.:
All manufacturing establishments, unadj _ hours- _
Seasonally adjusted
do
Average overtime
do
Durable goods industries
do
Seasonally adjusted
do
Average overtime
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
hours

40.0
40.1
2.4
MO.
2
r
40. 5
2.3
MO. 7
••39.3
MO. 0
41.1
40.1

40.1
40.0
'2.6
'40.4
MOM
2.4
40.9
' 40. 5
MO. 9
Ml. 3
'39.6

p 39. 6
P39.3
p2. 5
p 39. 5
p39. 3
p2 4
p40^9
p 39. 7
Ml. 3
Ml.O
P40.2

39.7

38.0

36.6

36.5

36.3

35.5

35.5

36.5

36.7

37.0

38.1

38.7

39.5

'39.7

38.8

41.1
41.3
40. 5
40.5
40.8
40. 7
40. 9
40. 3

40.5
40.8
39. 9
40.5
40.8
40.8
40.4
39.8

41.0
40.5
39.9
39.6
38.8
40.9
40.5
40. 0

40.7
40.3
40.1
40.2
40.6
40.6
40.1
39.5

40. 5
40.5
40.3
41.1
41.6
41.0
40.5
40.1

39.9
40. 1
40. 0
40.2
40.2
41.1
40. 6
40.0

39.1
39.9
39.1
39.8
39.5
41.1
39.2
38.4

39.3
40.2
39.9
38.9
37.3
41.5
40.2
39.4

39.2
40.2
39.9
39.3
37.7
41.6
40. 1
39.6

39.6
40.2
39.7
39.6
38.5
41.3
40.3
39.5

40.0
40.6
39.9
40.1
39.7
41.0
40.2
39.5

40.5
40.7
40.0
40.5
40.6
40.8
40.3
39.7

41.1
40.9
40.3
40.5
40.8
40.6
40.6
40.1

MO. 7
40.6

40.4
40.4
40.7
MO. 2
'39.7

'41.0
MO. 7
' 40.0
MO.O
39.6
40.9
'40.4
MO.O

P40.0
p40. 7
P40.2
p34. 7

39.6

39.1

2.7
40.8
39.4
40.4
36. 6
42.8

2.4
40.6
38.1
39. 5
35.7
42.2

39.5
39.2
2. 5
41.2
37.9
39. 7
36.7
42.5

39.1
38.7
2.6
41.6
40. 3
38.3
35.4
42. 3

39.0
38.8
2.5
41.0
40.5
38.8
35. 5
42.3

38.8
38.7
2.3
40. 5
37.7
39. 0
35. 3
41.9

38.0
37 7
2^2
40.2
39.3
38.2
33.4
41.1

38.4
38.6
2.0
40.2
37.8
38.0
34.4
41.5

38.4
38.6
2.1
39.9
37.2
38.5
35.1
41.7

38.7
38.9
2. 1
39.9
36. 7
38.8
35. 7
41.8

38.7
39.2
2.2
39.8
38.4
39.0
35.4
42.2

39.0
39.4
2.3
40.8
38.2
39.5
35.2
42.2

39.5
39.5
2.5
41.1
39.7
40.2
35.7
42.9

39.6
39.4
2.6
Ml. 2
38.4
39.9
36.3
43.0

'39.8
'39.5
'2.7
'41.0
'39.7
40.4
'36.9
43.1

p39. 7
p39. 3
p2. 7
P41.3
p 40. 9
p 40.3
P36.0
M3.2

38.3
41.5
40. 9
41. 3
37.7

38.2
41.4
40.7
39. 7
36.9

38.3
41.3
40.7
39. 9
38.1

38.6
41.3
41.3
39.0
35.9

38.4
41.2
40.7
39.8
35.9

38.2
41.4
40.4
39.2
36.4

37.7
40.9
40.5
38.9
35.9

37.8
41.1
41.2
38.9
37.9

37.7
40.9
40.0
38.6
37.4

37.9
41.3
40.5
38.6
37.0

37.7
41.3
41.0
39.4
35.9

37.7
41.3
41.0
39.8
36.8

37.8
41.8
41.5
40.1
38.0

37.8
41.5
Ml. 8
40.7
'38.4

'38.1
Ml. 6
MO. 9
MO. 8
'37.6

p38. 3
Ml. 7
Ml.l
MO. 7
P37.3

40 5
40.2
36.4

40 5
41.6
36.0

40.7
41.6
35. 0

40.1
41.6
33.2

40.3
40. 6
34.1

39.3
40.2
32.1

39.4
41.1
33.6

40.0
40.7
34.2

39.6
40.5
33.9

38.7
39.9
30.3

39.6
40.3
32.9

40.3
40.1
35.2

41.1
41.4
37.5

M2.1
41.2
'38.8

41.1
40.4
37.0

40.9
43.8

40.6
43.3

40.3
44.9

41.0
44, 2

40.8
44.4

40.7
42.5

40.3
41.2

42.0
42.0

40.3
41.6

40.2
41.7

41.1
42.5

40.2
43.7

40.2
44.4

Ml. 6
M4. 3

40.2
44.1

do
do
do

36.8
40.3
35.8

36.5
40.6
35. 5

37.9
42.3
36.7

37.2
42.0
36.0

37.8
42. 6
36. 6

35.3
38. 6
34.5

34.1
37.3
33.4

36.2
39.4
35.6

36.0
39.2
35.4

35.5
38.7
34.8

35.6
38.1
35.0

36.4
39.8
35.5

37.4
41.1
36.3

37.4
41.4
36.3

38.0
42.6
36.8

do
do
do

42.8
39.2
41.0

42.9
39.5
40.9

43.2
39.5
40.8

42.9
40.8
41.8

42.6
40.0
41.2

42.8
40.4
41.2

43.3
39.5
41.3

42.1
39.0
40.9

42.7
39.1
40.9

42.3
38.8
40.7

42.5
38.7
40.6

42.9
38.9
40.6

43.5
39.2
40.8

M2. 6
39.6
MO. 9

42.5
39.4
40.8

do
drir king

40.3

40.2

40.5

40.4

40.3

40.2

40.0

40.2

39.9

40.0

40.1

40.1

40.3

40.5

40.4

38.1

37.7

38.3

37.6

9

74

37.5

37.7

37.5

37.5

37.4

37.3

37.4

37.8

'38.2

38.1

do

40.2
39.7
38.9

39.9
39.4
38.6

40.2
39. 4
37.6

39.7
39.4
38.5

39.9
39. 7
39.3

39.7
39.2
38.7

39.7
38.6
37.2

39.7
38.9
38.4

39.6
38.8
37.7

40.0
39.0
38.5

39.7
39.1
38.2

39.9
39.9
40.2

40.0
40.0
40.3

MO.l
'39.6
'38.8

40.4
39.3
37.8

Average weekly gross earnings per worker on payrolls of nonagricultural estab.:
All manufacturing establishments
dollars. _ 89.47
97.10
Durable goods industries
do
105. 06
Ordnance and accessories
do
79. 79
Lumber and wood products
do
74. 44
Furniture and fixtures
do
90. 83
Stone, clay, and glass products
do
112.72
Primary metal industries
do
Blast furnaces, steel works, and rolling122. 28
mills
dollars

90.91
98.25
107. 71
79.98
74.59
92.34
110.09

90. 35
97. 20
105. 60
81.97
75. 89
93.89
106. 68

91.08
98. 15
108. 14
84. 19
75.74
92. 75
106. 78

91.31
98. 89
108. 27
81. 58
75. 55
94. 07
106. 12

90.39
97.42
109. 34
77.18
74. 05
94.02
104. 72

89.55
96. 97
108. 14
77. 59
75.01
91.48
105. 28

90.25
97.22
109. 48
77. 60
71.24
91.54
107. 82

90.25
97. 07
109. 48
76. 23
71.98
91.54
107. 73

90.71
97. 96
109. 89
77.80
72.74
92.86
108. 97

91.57
99.35
110.16
81.37
72.93
93.26
112.13

92. 66
100. 50
110.98
83.20
72.56
94.83
114. 26

94.24
101. 91
110. 70
84.65
75.01
96.64
117. 09

116.66

110. 53

110. 60

109. 63

106. 86

109. 34

114.25

113.77

115.44

120. 02

122. 29

126. 01 '127. 04

97.41
103. 25
89.91
107. 73
110.16
106. 03
93. 25
76. 57

99. 23
104. 86
91. 77
111.78
1J4.65
110. 16
95. 34
77. 61

100. 45
103. 68
91.77
108. 90
108. 64
110.84
95. 99
77. 60

100.94
103. 57
93. 03
112.96
116.52
111.24
95. 44
77.03

100. 04
104. 49
93.09
115.49
119.39
111.93
95. 99
78. 20

96. 82 97.81 99.60
97.07
98.15 96. 58
103. 46 103. 74 104.92 104. 92 105. 32 106.78
93.30
94.16
93.77
93.77
93.20
92.28
112. 16 111.44 108. 14 109. 25 109. 69 111.88
113.77 111.79 104.81 105. 56 107. 80 111.95
112.61 113. 44 114.13 114.82 113.99 112.75
97.53
97.28
96. 88 96. 64
96. 63 94. 47
78.61
78.80
78.61
78.41
76. 03
78.40
2 Based on unadjusted data.
9 Includes industries not shown separately.

101.66
107. 04
94.40
113.40
115.71
112.20
97.53
79.00

103. 16
107. 98
95. 91
113.81
116.28
111.65
98.66
79.80

Fabricated metal products
Machinery (exc. electrical)
Electrical machinery
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries

do
do
do
do
do
co
do
< o

Nondurable goods industries, unadj
_do _ Seasonally adjusted
do
Average overtime _ _ _
do _ _
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other finished textile prod .do
Paper and allied products _
_
do . Printing, publishing, and allied ind
Chemicals and allied products
Products of petroleum and coal
Rubber products
Leather and leather products

do
do._-do
do
do

Nonmanufacturing establishments:
Metal
do
Bituminous coal
(o
Petroleum and natural-gas prod. (exc. contract services)
_ hours
Nonmetallic mining and quarrying
do
Contract construction
Nonbuilding construction _ _
Building construction
Transportation and public utilities:
Local railways and bus lines
_
Telephone __
Gas and electric utilities
Wholesale and retail trade:
^Wholesale trade
Retail trade (exc. eating and
Service and miscellaneous:
Hotels, year-round.
Cleaning and dyeing plants

Fabricated metal products
Machinery (exc, electrical)
Electrical machinery
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries

do

do
lo
lo
lo
lo
lo_
lo
lo

i Includes Post Office employees hired for the Christmas season; there were about 293,000
such employees in the United States in December 1960.




'39. 6

P40.2
p40. 3

93.83 p 92. 66
94.00
'100.90 '101. 00 p 98. 75
''111. 93 112.48 pl!2. 48
' 82. 53 ' 84. 65 P84.16
' 75.20 ' 77. 30 p 78. 47
96.17 ' 97. 06 p 96. 76
117.49 '116. 03 pl!8. 59

123. 38

'102.16 r'102. 91 plOO. 00
106. 78 !07. 04 pl07. 45
' 94. 25 ' 94. 80 p 95. 68
113. 93 '113.20 pQ7. 16
115. 54 113.65
112. 33 113. 70
' 97. 28 '98.17 p 97. 69
' 78. 61 ' 79. 20 v 80. 20

SURVEY OF CURRENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

S-15

1960
Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

v 84. 96
p91. 27
o 67. 89
v 66. 50
p 58. 68
"103 25
P109. 54
''109 67
f'125 77
pl()6. 63
v 63 78

EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls of nonagricultural estab.— Continued
All manufacturing estab. — Continued
Nondurable goods industries.
dollars
Food and kindred products
do
Tobacco manufactures _
do _ _
Textile mill products
do
Apparel and other finished textile prod ..do
Paper and allied products
do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Products of petroleum and coal
do
Rubber products _
_ ___
_ do _
Leather and leather products
do
Nonmanufacturing establishmen ts :
Mining9
__
__ _.. _
do
Metal
do
Bituminous coal
do
Petroleum and natural-gas prod. (exc. contract services)
dollars
Nonmetallic mining and quarrying
do_
Contract construction _ ___
__do
Nonbuilding construction
do
Building construction
do

79.60
85. 68
65.40
63. 43
55.63
94. 16
103.41

100. 02
117.38
101.60
60.70

81. 33
88.51
65.53
63. 99
55.69
96.22
105. 81
103.91
118.44
100. 04
60.52

81.77
88.58
64.81
64. 31
57.62
97. 75
106. 09
104. 90
117.62
100. 15
62.48

81.72
89.02
63. 27
62. 05
55.93
98. 14
108.08
104.90
120.60
98. 28
59.24

81.51
88.97
65. 21
63.24
56. 45
97 71
107. 14
104 24
117.62
101.49
59 59

81.48
89.10
65. 60
63. 18
55.77
96. 37
106. 96
105. 16
117.97
99. 57
60.42

80.18
89.24
69.95
61. 88
52.44
95. 35
106. 31
104. 30
119.07
99. 58
59.24

81.41
90. 45
60. 53
61 . 56
54. 70
96. ?8
106. 22
104.81
124.42
98. 81
62. 91

81.02
89. 78
66. 59
62. 76
55. 81
96 74
105. 94
104 30
120. 80
97 27
62. 46

82.04
90. 17
06. 43
63. 24
57.12
96 98
106. 88
104 90
122. 31
97.66
61 79

82. 43
89 95
72.19
63. 96
56. 29
98 33
106. 69
105 32
124.23
100.47
60 31

83.07
92.21
72.20
64. 78
55. 62
98 75
107. 07
106 14
123. 82
101.89
61.82

84.53
92 48
75.43
65. 93
56. 41
101 24
107. 35
109 10
126 16
103. 86
63 84

84, 74
92. 70
72. 19
65. 44
57. 72
101 91
107. 35
109 15
127.07
107.
04
r
64. 13

»•r 84. 77
90. 20
r
69. 87
66. 26
'
59. 41
r
l()2.
15
r
108.
59
r
l()8 99
r
123.
52
r
106. 49
r
63. 17

107.73
103. 31
118.30

109. 35
111.49
117.72

108. 67
111.49
114. 10

107. 47
112.74
108. 23

108. 41
110.43
111.51

105.32
108. 54
104. 33

106. 38
111.79
109. 54

109. 60
110.30
112. 52

107.71
109. 35
110.85

104. 10
108. 13
98.48

107. 32
110.02
106. 93

108.81
108. 67
114.75

111.38 '114. 93
113.02 r 113. 71
123 38 128. 04

111.38
111.91
121. 30

114.93
95.48
114.82
113 24
115.28

114.49
98.29
119.72
120 18
119.64

112.44
102. 37
124. 31
126 90
123. 68

116.44
101 . 66
123. 13
126 42
122. 40

115. 87
102. 12
125. 50
128 65
125. 17

115. 18
98.18
117.20
114 64
117.99

114.05
95.17
115. 26
113 39
115. 56

124. 74
97.02
122. 72
1^0 17
123. 53

118.48
95. 68
122.40
118 78
123. 19

116 98
95. 49
119.64
116 10
120. 41

121. 66
97.75
120. 33
115 44
121. 45

117.38
100.95
123. 03
121 39
123. 54

117 38
103. 45
126. 79
127 00
126. 32

r
!23.
r
104.
r

14
55
126. 79
127 51
126. 32

116.58
104.08
128. 44
131 21
128.06

99.10
89.27
110.43

100. 22
89.27
110.16

99. 96
95.47
115.37

98.83
92.00
1 12. 89

99.72
92.92
113.30

102. 62
91.64
114.40

100. 20
90. 48
112.88

101.63
90. 71
113.29

101.10
90.02
112.33

101.15
90. 17
112.46

102. 53
91.03
112.46

103. 97
92 12
113. 02

r

102. 24
93. 46
114. 52

102. 00
93. 38
114. 24

92.46

93.56

94. 13

93.90

93.67

93.20

94.07

93.37

94.00

94.64

95.04

96.32

96. 80

96. 15

68. 24

69. 32

68.43

68.44

68.25

67.11

69. 00

69.00

68.44

69.01

69.56

70.69

r

71. 82

71.25

69. 94
87.95

69.75
88. 34

69.75
87.92

70.69
88.40

70.31
88.50

70.69
88.75

71.81
89.44

71.42
89.22

71.80
89.44

71.99
89.64

71.60
89.88

71 59
89.84

r

72. 17
90. 10

71.80
90. 42

r
r
r

50. 13
49. 50
55. 48

50. 90
49.13
54.05

Transportation and public utilities:
Local railways and bus lines
do _ _ 94. 59
85.46
Telephone
_____
do 105. 78
Gas and electric utilities. _
do.
Wholesale and retail trade:
90.27
Wholesale trade
do
Retail trade (exc. eating and drinking
places)
dollars-- 67.06
Finance, insurance, and real estate:
Banks and trust companies
_
Insurance carriers
Service and miscellaneous:
Hotels, year-round
Laundries
Cleaning and dyeing plants

do
do

48.68
48.07
54.43

49.04
48.07
53.02

48.83
48. 46
54.67

49.48
48 83
56.20

49. 23
48.22
54.57

49. 63
47.48
52.82

48.83
47. 85
54.53

49.10
47.72
53.53

49. 60
48 36
54.67

49. 23
48 48
54.24

50.27
49.88
57.49

50 80
50 40
58 03

2.22
2.15
2.38
2.30
2 55
1 97
1.82
2 21
2 79

2.29
2.23
2.45
2.38
2 64
2 03
1.86
2 28
2 83

2.27
2.21
2.43
2.37
2 64
2 07
1.86
2 29
2 80

2. 30
2.23
2.46
2.39
2 67
2 11
1.87
2 29
? 81

2.30
2 23
2 46
2.39
2 68
2 06
1 87
2 30
2 80

2.30
2 24
2.46
2.39
2 68
2 01
1 87
2 31
2 80

2.32
2.26
2.48
2.42
2 69
2 01
1.88
2 31
2 83

2.32
2.27
2.48
2.42
2 69
2 00
1.86
2 30
2 86

2.32
2 26
2.47
2.42
2 69
1 98
1.86
2 30
2 85

2.32
2 27
2 48
2 42
2 70
2 00
1 87
2 31
2 86

2.33
2 28
2 49
2.43
2 70
2 06
1 87
2 32
2 89

2.34
2 28
2.50
2.44
2 72
2 08
1 87
2 33
2 90

2.35
2 28
2 51
2 44
2 72
2 09
1 88
2 34
2 92

3.08
2 37
2.50
2.22

3.07
2 45
2.57
2.30

3.02
2 45
2.56
2.30

3.03
2 48
2.57
2.32

3 02
2 47
2.58
2.31

3 01
2 46
2. 58
2.33

3 08
2 47
2.60
2. 36

3.13
2 47
2.61
2.35

3.10
2 47
2.61
2.35

3 12
2 47
2.62
2.35

3 15
2 49
2.63
2.36

3 16
2 51
2.63
2.36

3 19
2 51
2.64
2.38

3.20
2 51
2. 63
2.38

2.66
2.70
2 62
2.28
1.90

2.76
2.81
2 70
2.36
1.95

2.75
2.80
2 71
2.37
1.94

2.81
2.87
2 74
2.38
1.95

2 81
2.87
2 73
2.37
1 95

2 79
2.83
2 74
2.38
1 96

2.80
2.83
2 76
2.41
1 98

2.78
2.81
2 75
2.41
1.99

2 78
2.80
2 76
2.41
1 99

2 77
2 80
9 70
2.42
1 99

2 79
2 82
2 75
2,42
1 99

2 80
2.85
2 75
2.42
1 99

2 81
2 85
2 75
2.43
1 99

2.82
2.86
2 76
2.42
1.98

2.01
1.94
2.10
1.66
1. 57
1.52
2.20
2.70
2 41
2.87
2.46
1.61

2.08
2 01
2 18
1.72
1 62
1.56
2.28
2.77
2 51
2.91
2 52
1.64

2.07
2 01
2.15
1.71
1 62
1.57
2.30
2.77
2 54
2.89
2 51
1.64

2.09
2 02
2. 14
1.57
1 62
1.58
2.32
2.80
2 54
2.92
2 52
1.65

2 09
2 03
2 17
1 61
1 63
1.59
2.31
2 79
2 53
2 89
2 55
1.66

2 10
2 04
2 20
1.74
1 62
1.58
2.30
2 80
2 54
2.92
2 54
1.66

2.11
2 06
2 22
1. 78
1 62
1.57
2.32
2 82
2 55
2.94
2 56
1.65

2.12
2 07
2 25
1.76
1 62
1.59
2.32
2.81
2 55
3.02
2.54
1.66

2 11
2 06
2 25
1 79
1 63
1.59
2.32
2 81
2 55
3 02
2 52
1.67

2 12
2 06
2 26
1 81
1 63
1.60
2 32
2 82
2 54
3 02
2 53
1.67

2 13
2 07
2 26
1 88
1 64
1.59
2 33
2 83
2 55
3 03
2 55
1.68

2 13
2 07
2 26
1 89
1 64
1.58
2.34
2 84
2 57
3.02
2 56
1.68

2 14
2 07
2 25
1 90
1 64
1.58
2.36
2 84
2 61
3.04
2 59
1.68

2 66
2 57
3 25

2 70
2 68
3 27

2 67
2 68
3 26

2 68
2 71
3 26

2 69
2 72
3 27

2 68
2 70
3 25

2 70
o 72
3 26

2 74
2 71
3 29

2 70
3 27

2 69
9 71
3 25

2 71
2 73
3 25

2 70
2 71
3 26

2 71
2 73
3 29

2 81
2 18

2 82
2 27

2 79
9 28

2 84
2 30

2 84
2 30

2 83
2 31

2 83
2 31

2 97
2 31

2 94
9 30

2 91
2 29

2 96
2 30

2 92
2 31

2 92
2 33

do
do
do

3 12
2.81
3 22

3 28
2 96
3 37

3 28
3 00
3 37

3 31
3 01
3 40

3 32
3 02
3 42

3 32
2 97
3 42

3 38
3 04
3 46

3 39
3 05
3 47

3 40
3 03
3 48

3 37
3 00
3 46

3 38
3 03
3 47

3 38
3 05
3 48

3 39
3 09
3 48

r

do
do
do

2 21
2.18
2 58

2 31
2.26
2 70

2 32
2.26
2 70

2 33
2.34
2 76

2 39
2 30
2 74

2 33
2.30
2 75

2 37
2,32
2 77

2 38
2.32
2 76

2 38
2 32
2 77

2 39
2 32
2 76

2 38
2 33
2 77

2 39
2.34
2 77

2 30

2 31

2.33

2 33

2.33

2.33

2 34

2 34

2 35

2 36

1 81

1 81

1.82

1 83

1 82

1 78

1 8^

1 84

1 83

1 85

1 22
1 22
1.41

1 22
1 ?2
1.41

1 23
1 23
1.42

1 24
1 23
1.43

1 24
1 23
1.41

1 25
1 23
1.42

1 23
1 23
1.42

1 24
1 23
1.42

1 24
1 24
1.42

1 24
1 24
1.42

do
_ _ do
do
do
do

Nondurable goods industries
do._
Excluding overtime §
do
Food and kindred products
do
Tobacco manufactures
_
do__ _
Textile mill products
do
Apparel and other finished textile prod. _ do
Paper and allied products
_ _ __do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Products of petroleum and coal
_ do
Rubber products
do
Leather and leather products
do __
Nonmanufacturing establishments:
Mining 9
do
M^etal
do
Bituminous coal
do
Petroleum and natural-gas prod. (exc. contract services)
dollars
Nonmetallic mining and quarrying
do
Contract construction
Nonbuilding construction
Building construction
Transportation and public utilities:
Local railways and bus lines
Telephone
Gas and electric utilities

Wholesale and retail trade:
2.24
Wholesale trade
do
Retail trade (exc. eating and drinking
places)
dollars
1 76
Service and miscellaneous:
1 18
Hotels year-round
do
1 17
Laundries
do
Cleaning; and dveine Dlants
do
1.37
r
Revised.
p Preliminary.
9 Includes data for industries not shown separately.




r

47.44
46.45
53.29

do
do
do

Average hourly gross earnings per worker on pay
rolls of nonagricultural estab.:
All manufacturing establishments ...
dollars. _
Excluding overtime §
do
Durable goods industries
do
Excluding overtime §
do __
Ordnance and accessories
do
Lumber and wood products
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 products
do
Machinery (exc. electrical)
do
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipmentAircraft and parts
Instruments and related products
Miscellaneous mfg industries

68.07
85.79

r

T
r

r

r
r

2.35
2.28
2.51
2.44
2 75
2 10
1.88
2 34
2 93

2.14
2 08
2 25
1.88
1.64
1.59
2.37
2.84
2. 63
3.04
2.63
1.67

r

r

r

2.34
2.26
2. 50
2.43
2 75
2 09
1.89
2 35
2 93

3. 18
2 51
2.63
r
2.37
r

r

2.83
2.87
2 78
2 . 43
1.98

2.13
2 06
2. 20
1. 76
1 . 64
M.61
' 2.37
r
2. 85
T
2. 62
3.02
r
2. 61
r
1. 68
r
r

2 73
2 76
3.30

2 71
2 77
3.28

*> 96
2.36

2 90
2.36

3.39
3.08
3 48

3.38
3.08
3.48

2 39
2.35
2 77

2 40
2.36
'2. 80

2 40
2.37
2.80

2 37

2 39

2.39

2.38

1 86

1 87

1.88

1.87

1 26
1 25
1.43

1 27
1 26
1.44

1.25
1.25
1.43

1.26
1.25
1.43

r

r

P2.34
p 2.50

v
p
P
v
p

2 75
9 12
1.90
2 36
2 95

p 2 50
v 2. 64
p 2. 38
p 2.80
P 2. 43
P 1.99
p 2. 14
p 2.21
P 1. 66
p 1. 65
pl.63
» 2. 39
P 2. 86
p 2. 63
p 3. 06
P 2. 62
*>1.71

§ Derived by assuming that overtime hours are paid at the rate of time and one-half.

SURVEY OF CURRENT BUSINESS

S-16
1959

Unless otherwise stated, statistics through K60
and descriptive notes are shown in the l£6i
edition of BUSINESS STATISTICS

1960

1960
Aug.

average

October 1961

Sept.

Oct.

1961

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

2.851
4 215
3 845

2. 860

Sept.

EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wage data:
Construction wages (EN R): §
Common labor
$ per h r _ _
Skilled labor. _
do
Equipment operators _
do
Farm wages, without board or room, 1st of
mo
__
$ per hr
Railroad wages (average, class I ) _ _ _ _ _ _do
Road-building wages, common labor (qtrly)
$ per hr
LABOR CONDITIONS
Labor turnover in manufacturing estab.:
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-.
__ . thous
In effect during month:
Work stoppages
_
number
Workers involved
thous
Man-days idle during month
do
E MPLOY MENT SERVICE AND UNE MPLO YMENT INSURANCE
Nonfarm placements
thous
Unemployment insurance programs:
Insured unemployment, all programs
do
State programs:
Initial claims ... _ _ _
do_ _
Insured unemployment, weekly avg._.do
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
thous
Benefits paid
mil. $
Federal employees, insured unemployment
thous__

2. 566
3 861
3.489

2.699
4 031
3 651

2.734
4 077
3.695

2.739
4 090
3.712

2.739
4 090
3 718

1
95
2.550

1.97
2.616

2.592

2.645

2.650

1

2 09

!2.09

3.6

3.1
1.6
3.7

2 0

3.4

Veterans' program (UCX):
Initial claims
do
Insured unemployment, weekly avg _ do
Beneficiaries weekly average
do
Benefits paid
_
_mil. $
Railroad program:
Applications
- thous
Insured unemployment, weekly avg.. -do
Benefits paid
mil. $

2.745
4 095
3 727

2.747
4 099
3. 728

2.765
4 118
3 736

2.765
4 119
3 747

2.765
4 120
3 747

2.775
4 133
3 760

2.815
4 163
3 791

2.836
4 197
3 82->

2.646

2.655

1 08
2.656

2.703

2 641

1 04
2 687

2 652

2 666

.90
2 21

3.8
1.9
4.3

3.8
1.9
4.4

3.8

15
2 2

19
2 0

10
2 2

271
131

2 03

1.9

3.1
4.3
7

36

2 7

30

2 5

258
106

192
53

110
28

170
80

368
85
732

250
53
458

300
100
700

15

13
16

11
2 0

309
157

278
110

361
134
554

500

432
146

6,000

1,600

1,700

1,650

1,500

2.3
10

3.9
7

10

1 04
2 17

1 96

4.1
6
3.0

2.8

3.4

3.7

8

2.8
8

2.9

2 2

15

14

1.3

'2 0

210
120

55

320
94

430
120

330
140

330
95

330
150
940

350
75
610

460
126

620
165

570
211

560
183

550
160

1 180

1,530

1,760

1 690

1,320

2.7
9
6

3.3

1 i
2 8

10
3 4

2.862
4 237
3 875

3 869

4.2

M.I

'3.3
17
'3 5

2 2

15

p1
*>3
p1
P1

9

10

9
2
3
4

325
95

508

485

556

584

517

430

378

365

342

417

1,856

2,067

1,804

1,781

1,839

2,225

2,847

3, 515

3,638

3,403

1, 218
1,682

1,434
1, 906

1,407
1,657

1,206
1,598

1,393
1,678

1,744
2,039

2,175
2,639

2,381
3,266

1,919
3,394

1,709
3,168

1,468
2,779

1,368
2, 328

1,229
1,991

1 501
1,958

1,248
1,744

4 4

4 8

4 2
5 7
1,395
189 9

6.6

81

2,069
300 2

2, 722
397.6

7 8
6 3
2,899
461 5

6 8
5 9
2,664
362 5

1,665
224 0

4 3
5. 2
1,589
237 2

38
5 1

2,138
320 1

4 9
5 3
1,880
264 4

4 8

1,603
231 1

8 4
6 3
2,984
399 3

5 7

1, 640
227.2

4 0
5. 4
1,418
201 8

51

1,475
185 4

4 2
5. 1
1, 399
206 3

32

33

30

28

30

33

35

40

41

40

36

33

31

32

31

28

27

29

32

27

29

33

36

39

33

26

29

30

54
52
7.0

53
50
6.6
22

31

72
13.1

77
18.7

52
48
6.8
31
65
12.1

49
48
6.4
99

107
18.5

50
45
5.9

6.3

59
52
7.0

6.4

6.1

86
81

71
64
8.6

11.0

520

440
2

3, 006

2

2, 532

5.6

91
80

83
95

29

26

91
89

11.0

11.6

12.0

10.2

35

71
71

551
2

2, 165

603

501
2

2, 133

5.3

61
66
9.0

60
56
7.3

2

1, 905

1, 715

1,558

58
57
8.2

52

77

20

23

21

38

6

6

9

103
18.8

123
22.2

10

95
16.0

13

15.2

113
19.7

106
22.3

107
16.3

100
20.5

'83
17.6

83
12 7

73

2 027
4,418
1 358
3 060

2 029
5,010
1 465
3 545

2,049
4, 968
1 479
3,489

2 231
4, 992
1 525
3 467

2 254
5,001
1 532
3 469

2 203
4,848
1 478
3 370

2 271
4,851
1 460
3 391

2 301
4, 904
1 534
3 370

2 400
4, 862
1 617
3 245

5, 347

100

2

FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil $
Commercial arid finance co paper, totalj do
Pliced through dealers t
do
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total
.mil. $
Farm mortgage loans:
Federal land banks
_
do
Loans to cooperatives
do
Other loans and discounts
do
Bank debits:
Unadjusted:
Total (344 centers)
bil $
New York City
do
6 other loading centers^
do
Seasonally adjusted:*
New York City
do
6 other leading centers'!
do
337 other centers
-do.
Federal Reserve banks, condition, end of mo.:
Assets total?
-mil. $_
Reserve bank credit outstanding, total 9 -do
Discounts and advances..
do
U S Government securities
do
Gold certificate reserves
- -.do
Liabilities total 9
Deposits total 9
Member-bank reserve balances
Federal Reserve notes in circulation

1 656
5,019
1 365
3 654

1 668
4, 656
1 361
3 295

1 753
5, 184
1 493
3 691

4, 449

3

4, 795

4,871

4,870

4,837

4,787

4,795

4,851

4,936

5,023

5,110

5,174

5,242

5,310

2, 360
3 622
3
1 467

3

2,3 564
649
3
1 582

2,515

2,528

2,538

2,548

2, 564

2,581

2, 605

2,640

2,669

2,701

2,728

2, 746

1 794

1 753

1, 660

1,587

1,582

1,595

1,648

1,718

1,790

1,859

1,920

1,947

1,935

223 26
85 30
45 44

236 56
91.90
48 13

241 77
92. 44
49 47

240 77
97.16
47.91

233 13
89.90
47 57

235. 10
91. 02
47.58

256 90
101. 55
52 31

247. 67
100. 59
49. OS

255. 54
100. 86
51.44

99 95
50.13
99.04

103. 83
48.97
96.22

91.87
48.08
95.42

98.79
49.02
98.31

88.38
47.87
94.69

104. 54
50.74
100. 72

109. 05
52.15
102. 38

3
3

3

3

562

589

638

652

675

649

r

683

665

650

613

257. 71 ' 222. 72 ' 265. 44 ' 240. 97 ' 268. 80 '271.83
104. 47
89.83 110.46 101.15 111.46 113. 23
53.35
48.53
53.78
54.28
52.38
44.86
97.52
98.27
51.05
50.20
' 97. 50 r 97. 72

617

595

101.45 103. 45 113.34 103. 83
51. 28
53.18
52.29
49.48
' 98. 45 ' 97. 33 r 102. 85 101. 55

r

r

646

52, 984

52, 009

52, 134

52, 183

51, 962

52, 984

50, 235

50, 438

50, 188

50, 549

49, 811

50, 678

50, 782

51,059

51, 696

28,3 771 329,359
333
458
3
26,648 327,384
319,164 3 17, 479

27, 907
405
26, 762
18, 709

28, 402
181
27, 024
18, 394

28, 729
193
27, 402
18, 107

28, 731
101
27, 488
17, 610

29, 359
33
27, 384
17, 479

27, 560
60
26, 570
17, 140

27, 866
53
26, 667
17, 075

28, 060
115
26, 688
17, 099

27, 950
67
26, 772
17, 089

27, 806
111
26, 887
17, 095

28, 496
36
27, 253
17, 256

28, 628
59
27, 422
17, 223

28, 835
47
27, 697
17, 187

29, 213
28
27, 799
17,099

54, 028

3

3 54, 028

3

52, 984

52, 009

52, 134

52, 183

51, 962

52, 984

50, 235

50, 438

50, 188

50, 549

49, 811

50, 678

50, 782

51, 059

51,696

do
do
do

3
3

3
18,336
3

19, 716
18,174 17, 081
328,262 328,450

18, 853
17, 735
27, 621

19, 110
17, 942
27, 651

19, 120
17, 956
27, 680

17, 924
16, 770
28, 066

18, 336
17, 081
28, 450

17, 268
16, 066
27, 700

17, 355
16, 277
27, 548

17, 546
16, 158
27, 520

17, 562
16, 419
27, 415

16, 966
16, 107
27, 564

17, 694
16, 716
27, 778

17, 800
16, 856
27, 906

17, 724
16, 620
28, 034

18,038
17,105
28, 100

337.4

40.3

39.3

38.7

38.3

37.4

38.1

38.0

37.9

38.0

38.4

37.9

37.7

37.6

37.1

339.9

Revised.
f> Preliminary.
1 Quarterly average.
Excludes persons under Temporary Extended Compensation program and under
extended duration provisions (thous.): 1961—Apr., 580 and 40, respectively; May, 747 and 11;
June, 703 and 9, July, 542 and 3; Aug., 450 and 2; Sept., 403 and 3.
3 End of year.
§Rates as of Oct. 1,1961: Common labor, $2.871; skilled labor, $4.245; equipment operators,
$3.884.




1 868
5, 222
] 505
3 717

do

Ratio of gold certificate reserves to deposit and
FR note liabilities combined
percent. _
T
2

3
1 151 3 2 027
^3 168 rr 334, 418
r 3 677
l 358
3 2 491 3 3 060

(^Insured unemployment as % of average covered employment in a 12-month period
ending 6 to 8 months prior to month of reference.
{Revisions for Aug. 1959-July 1960 are available upon request.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. For data prior to Aug. 1960, see Federal Reserve Bulletins.
9 Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

1960

End c f year

S-17

Sept.

Aug.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Alar.

Apr.

May

June

July

Aug.

Sept.

FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
E xcess reserves
mil $
Borrowings from Federal Reserve banks do
Free reserves
do

i 482
i 906
i —424

i 709
1
87
i 682

540
293
247

639
225
414

638
149
489

756
142
614

769
87
682

745
49
696

654
137
517

546
70
476

Demand, total 9
do
Individuals, partnerships, and corp ._ do
States and political subdivisions
do
U.S. Government
do
Domestic commercial banks
do

92 330

93,215

85, 942

87, 977

90, 573

90, 121

93,215

89 690

89, 860

86 041

4 866
3, 163

4,747
3, 979

4, 846
3, 698

4, 683
5, 551

4, 998
4, 445

4, 914
3, 537

4, 747
3, 979

5, 138
3, 105

5. 065
3, 838

Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time _
___

32, 507

35, 386

33, 942

34, 334

34, 710

34, 702

35, 380

36, 610

36, 928

Loans (adjusted), to talc? -Commercial and industrial
For purchasing or carrying securities
To no n bank financial institutions
Real estate loans
Other loans _ _
-

Investments, total
_ _
_
do
U S Government obligations total
do
NTotes and bonds
. _ do
Other securities
do
Money and interest rates:§
Bank rates on business loans:
In 19 cities
Xew York Citv
7 other northern and eastern cities
11 southern and western cities

percent
do
do
do

62 156

62 381

4 836
2, 865

88, 299
63. 869
5 572
2, 854
11 090

88 056
64, 168
5 490
2, 9S2
10 805

88 255
63, 750
4 932
3. 834
10 925

89, 427 ' 86, 379 90, 354
64, 044 '02. 935 64, 480
4, 755
5 107 " 4, 847
5, 533
4, 080 r '3,508
11,022
l
(
)
580
11 201

37, 498

38, 538

39, 191

39, 712

40, 304

40, 060

41,007

27 902
5 699

28 202
5 939

28 627
6 102

28 862
6 389

29, 030
6, 415

29. 244
6, 512

70, 153
31 905
3, 883
4 960
12' 770
19 456

69 913
31 460
3,873
5 057
12 855
19 527

70, 171
31 769
3,888
5 025
12 896
19 389

70 072 *r 69, 551
31 499 31, 476
4,100 '3,615
r
5, 044
5 066
12 956 13, 055
*
19,
408
19* 606

70, 990
31, 794
4, 066
5. 486
13, 135
19, 682

41
30
25
10

42
31
25
10

42
31
25
10

44
33
26
11

Discount rate, end of year or month (N.Y.F.R.
Bank)
percent
Federal intermediate credit bank loans
do
Federal land bank loans.- .. _ _.
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) do
Commercial paper (prime, 4-6 months) do
Finance Co. paper placed directly, 3-6 months
percent. _
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
3-5 year issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks, end of year
or month
mil. $
U S postal savings f
do

69, 552
31, 744
3,377

69, 640
31,861
3,571

69, 278
31 972
3,150

71, 009
32 156
3, 945

69, 626
31 294
3. 568

69, 787
31 531
3, 519

69, 638
32 203
3, 104

12 975

12,824

12 881

12 874

12 840

12 844

12 824

12 787

12 766

12 727

37, 817
27 856
24, 494
9 961

40, 754
30 547
24, 944
10 207

37, 400
27 750
23, 802
9 650

37, 982
28 180
23, 964
9 802

39, 504
29 687
24, 150
9 817

39, 390
29 690
24 826
9 700

40, 754
30 547
24' 944
10 207

41.361
31 086
24 994
10 275

41,
30
25
10

40
09
25
10

2

5 00
83
5 ()9
5 23

2

2

2

2

4 00
3 4 64
3 5. 50

5
4
5
5

4
4
4
5

20
97
15
45

97
74
96
32

4
4
4
5

377
5] 9
578
858

4
4
4
5

99
77
97
33

62, 166

62 120

68, 761
31, 174
3,159

2
4
2

01,855

62 550

71, 009
32, 156
3, 945

2

594
37
557

581
51
530

68, 874
30 665
3, 932

187
635
863
552

537

612
63
549

do
do
do __
do
do
do
do
_ do

604

r

549
96
453

Weekly reporting member banks of Federal Reserve
System, condition, Wed. nearest end of year
or month: f
Deposits:
Demand ad justed c?
mil. $

do

r

618
56
562

453
590
452
863

234
397
644
837

97
75
96
29

935
976
667
959

4
4
4
5

r

r

67

851 'r 44, 750
790 33 464
378 T 26,311
061 11,286

46, 114
34 414
26, 149
11 700

4
4
5
5

97
75
95
31

99
75
05
26

3 00
5 05
36.00

3 00
4 75
6.00

3 00
4 55
6 00

3 00
4 43
6 00

3 00
4 34
6 00

3 00
4 21
6 00

3 00
4 05
5-76

3 00
4 04
5.75

3 00
3 99
5 74

3 00
3 99
5 60

3 00
4 00
5 60

3 00
4 00
5 60

3 00
3 99
5 60

3 00
3. 97
5.60

3 00

3

3

3

3 3. 51
3.85

3.04
3 34

3.00
3 39

3.00
3 30

3.00
3 98

2.92
3 23

2.86
2 98

2.78
3 03

2.94
3 03

2.84
2 91

2.68
2 76

2.75
2 91

2.75
2 72

2.81
2 92

2. 84
3 05

3 3. 82
3 4. 22

3

3. 54
3 4. 99

2.94
4.85

3.13
4.50

3.11
4.50

2.91
4.50

2.97
4. 50

2.78
4.50

2.65
4.50

2.76
4.50

2.58
4.50

2.50
4.50

2. 66
4. 50

2.50
4.50

2.64
4.50

2.68
4. 50

a 3. 49
3.97

3 3. 405
3
4 33

3

2. 928
3 99

2. 286
3 50

2.489
3 50

2.426
3 61

2.384
3 68

2.272
3 51

2.302
3 53

2.408
3 54

2.420
3 43

2. 327Q
3 3

2.288
3 28

2. 359
3 70

2.268
3 69

2. 402
3 80

2. 304
3 77

20 651
948

21 . 400
770

20 874

21 063

21 051

21 135

21 400

91 438

21 720

21 659

21 845

21 839

21 857

•>9 048

760

21 500

91 010

770

3

810

798

788

779

749

739

720

711

700

691

681

673

CONSUMER CREDIT
(Short- and Intermediate- term)
Total outstanding, end of year or month

56, 049

54. 092

54. 265

54, 344

54, 626

56, 049

55, 021

54, 102

53, 906

53, 972

54, 390

54, 786

54, 687

54 889

39, S52

43, 281

42, 37X

42, 51 7

42, 591

42, 703

43, 281

42, 782

42, 264

42, 058

41 988

42, 127

42,441

42 457

42 636

Automobile paper
Other consumer croods paper
Repair and modernization loans
Personal loans

do
do
do
do

16,549
1 0, 476
2, 784
10, 043

1 7, 866
11,215
3, 008
11,192

18, 020
10, 477
2,975
10, 906

18, 021
10 543
3, 001
10, 952

1 7, 992
10 625
3,013
10, 961

17,967
10 715
3, 020
11 001

17,866
11 215
3,008
11 192

17,611
11 050
2,967
11 154

17,383
10 793
2, 935
11 153

17, 265
10 679
2, 922
11 192

17,200
10 585
2, 922
11 281

17,242
10 602
2,943
11 340

17,358
10 666
2, 958
11 459

17,358
10 636
2, 964
11 499

17,350
10 682
2, 995
11 609

By type of holder:
Financial institutions, total.
Commercial banks.Sales finance companies
Credit unions. . __
Consumer finance companies
Other

__do
___do_.._
do
_. do
_ do _
do

34, 176
15,227
10 145
3,280
3,774
1,750

37, 502
16,398
11 134
3, 906
4,212
1,852

37, 199
16, 362
11 142
3, 754
4,099
1,842

37,318
16,416
11 154
3, 795
4,111
1,842

37, 330
16, 408
11 147
3 833
4,097
1 , 845

37. 368
16, 402
11 141
3 870
4,107
1,^48

37, 502
16, 398
11 134
3 906
4,212
1, 852

38 186
17.261
11 030
3' 860
4,179
1,856

37 790
17,001
10 914
3 863
4 151
1 861

37 54^
16, 860
10 787
3 897
4 131
1 867

37 434
16 776
10 733
3 937
4 133
1 855

37 462
1 6, 776
10 696
3 991
4 133
1 866

37 663
16 804
10 768
4 074
4' 151
1 866

37 638
16 757
10 750
4 110
4 165
1 856

37 730
16 755
10 730
4 171
4 193
1 881

5, 676
2,292
1 225
481
1.678

5, 779
2,401
1,189
513
1,676

5,179
2, 012
1 132

5,199
2,049
1 129

5, 261
2 103
1 130

5, 335
2 155
1 140

5, 779
2 401
1 189

4,596
1 342
1 151

4 474
1 348
1 121

4 516
1 442
1 092

4 554
1 527
1 077

4 665
1 634
1 071

4 778
1 732
1 076

4 819
1 794
1 067

4 906
1 880
1 076

1,515

1,502

1,510

1,523

1.676

1 599

1 508

1 491

1 462

1 472

1 480

1 468

1 462

Retail outlets, total..
Department stores
Furniture stores
Automobile dealers
Other

_

_ ._

Noninstallment credit, total

_

.

_ do
do._.
do
do
___do

520

519

518

517

513

504

497

491

488

488

490

490

488

do.

12, 267

12,768

11,714

11,748

11,753

11,923

12 768

12 239

11 838

11 848

11 984

12 263

12 345

12 230

12 253

Single-payment loans, total
Commercial banks
Other financial institutions

do
do
do

4,144
3,582
562

4,311
3,737
574

4,276
3 656
620

4,317
3 715
602

4,272
3 692
580

4,301
3 711
590

4,311
3 737
574

4,314
3 740
574

4,381
3 789
592

4,417
3 793
624

4,402
3 842
560

4,524
3 904
620

4,547
3 970
577

4,523
3 982
541

4 556
3 958
598

Charge accounts, total
Department stores
Other retail outlets
Credit cards

do
do
do
do.-

5,104
958
3, 753
393

5,187
941
3, 801
445

4.277

4.283

4,370

4,463

5, 187

4, 599

4,037

4, 004

4,096

4.274

4,349

4,272

4 288

3,236

3 199

3 266

3 326

3 801

3 346

2 926

2 926

3 035

3 210

3 286

3 240

3 211

Service credit

do___

3,019

3,270

3.449

3.435

3. 409

r
3

mil.$.. 52,119
do

Installment credit, total

Revised.

p Preliminary.

! A \ e r a g e for Dec.

584

457

3,161
2

625
459

3,148

661
443

3,111

Quarterly average.

Monthly average.
tRevised to reflect new coverage and revised classification of deDigitized
posits for
(for FRASER
details, see the June and July 1961 issues of Federal Reserve Rullefin).
cfFor
demand
deposits,
http://fraser.stlouisfed.org/ the term "adusted" denotes demand deposits other than dom stic commercial interbank and U.S. Government, less cash items in process of collection;
Federal Reserve Bank of St. Louis

709

428
3,159

941
445

3,270

805
448

3.326

669
442

3,420

637

631

441

430

3,427

3,486

634
430

3,465

624
439

574

458

589

488

for loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9 Includes data not shown separately.
§For bond yields, see p. S-20.
^Data 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).

SURVEY OF CURRENT BUSINESS

S-18

1960

1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

Monthly
average

October 10C1
1961

1960

Sept.

Aug.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

3, 995
1,330
1.125
1 540

4,201
1, 448
1,239
1 514

3, 765
1,247
1,053
1 465
3,835
1,312
1, 147
1 376

4,280
1, 461
1,219
1 600
4,141
1,419
1,202
1 520

4,402
1,525
1,214
1,663
4,088
1,409
1, 150
1 529

3. 976
1.3S3
1,095
1 498
3,960
1. 3S3
1, 125
1 452

4,319
1,412
1 216
1 691
4 140
1,4'?0
1 170
1 550

4,002
1,288
1,212
1,502
3,954
1,353
1, 163
1 438

3,883
1,243
1, 145
1,495
4,022
1,388
1, 186
1,448

4,001
1,315
1,158
1.528
3,974
1,365
1,148
1,461

4,116
1, 347
1,190
1,579
4,016
1,386
1,137
1,493

3,961
1, 301
1,172
1,488
4.035
1,403
1,159
1,473

4,081
1, 297
1, 166
1 618
4 055
1 , 384
1 152
1 519

10, 256
6,295
8,260
8.292
1,996 — 1,997

9,731
9,462
269

Sept.

FINANCE—Continued
CONSUMER CREDIT— Continued
Installment credit extended and repaid:
Unadjusted:
Extended, total
_
mil. $
Automobile paper...
_ _ do ___
Other consumer goods Daper
do _
All other
do
Repaid, total
do
Automobile paper
__
__do _
Other consumer goods paper
do
All other
do
Adjusted:
Extended, total
_ do ._
Automobile paper
do
Other consumer goods paper __
__do
All other
do
Repaid, total
do
Automobile paper.
_. do. __
Other consumer goods paper
do
All other
do

4,087
1, 495
1, 153
1 439

4, 195
1,487
1, 185
1 523

3, 617
1,308
1,026
1 284

3,909
1, 377
1,124
1 409

4,067
1,364
1,217
1,486
3,955
1,389
1, 127
1 439

4,641
1,248
1,654
1, 739
4, 063
1,349
1, 154
1 560

3, 473
1,130
1,012
1, 331

3,871
1.371
1, 107
1.393

4,012
1,407
1,207
1,398
3, 938
1,436
1,125
1,377

3,972
1,385
1,177
1 410

3,241
1,051
888
1 302
3, 759
1,279
1, 145
1 335

4,125
1,422
1,162
1,541
3. 958
1. 375
1,141
1.442

4,108
1 , 460
1,165
1.483
3,994
1,417
1,147
1,430

4,134
1,482
1,159
1, 493
3, 946
1,397
1,119
1,430

4,007
1,325
1,200
1. 482
3,931
1,356
1, 156
1, 419

3,869
1,239
1,185
1,445
3,972
1, 387
1,154
1, 431

3,803
1. 190
1, 131
1,482
4,011
1 , 363
1,191
1 457

3,651
10, 146
7, 748
7.879
2.398 -4. 228

8,403
8, 674
-271

5,586
8, 586
7, 275
7 984
603 -1, 689

8,916
7. 867
1,049

4. 365
1, 570
1, 165
1 , 630
4, 037
1,443
1, 140
1. 454

4,010
1.372
1,173
1,465

4. 072
1,422
1,112
1, 538
3,918
1,388
1,123
1,407

FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: d*
Receipts 5from
mil. $
Payment* to
do
Excess of receipts or payments ( — )
do
Seasonally adjusted quarterly totals:
Receipts
do
Payments
do
Excess of receipts or payments ( — )
do
Budget receipts and expenditures:
Receipts, total
do
Receipts, net ^
- _
do
Customs
do
Individual income taxes
do
Corporation income taxes
do
Employment taxes
do
Other internal revenue and receipts
clo
Expenditures total 1f
do
Interest
on public debt
do .
\Teterans' services and benefits
do
Major national security
do
All other expenditures
do
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total
bil. $__
Interest bearing, total. ._
do ._
Public issues
do
Held by U S Govt investment accts do
Special issues
do_
Noninterest bearing
do
Guaranteed obligations not owned by U.S. Treasuary end of month
bil $
U.S. savings bonds:
Amount outstanding, end of month
do_
Sales series E and II
do
Redemptions
do

8, 191
7 891
299

7, 296
7 963
— 667

9. 236
8. 926
311

25, 100
23, 600
1 , 500

7.470
6. 062
89
3 569
1, 687

8, 333
6, 626
91

1,348

3. 838
1,891
1,008
1, 506

6 648
699
424
3, 858
1 712

6 464
773
429
3, 808
1 510

Ttl

290. 80
287. 70
244. 20
i 10 10
1
43. 51
1
3 09
1
1

290. 22
286. 82
242. 47
i 10 64
1
44. 35
1
3. 40

1

!

8,590 10,211
6,454
8,981
87
93
4.486
4, 996
3.492
409
792
\ , 608
1,354
1,484
6, 793
6,803
736
751
416
461
3,910
3. 976
1, 746
1, 645

3,641
2. 823
92
1,296
481
389
1,383

288. 42
285. 36
240. 38
10 49
44.98
3. 06

288. 07
285. 63
240. 41
10 64
45. 22
3. 04

24, 900
26, 600
-1,700

22, 500
24 900
—2, 300

24. 800
24 200
600
8, 751
7, 643
80
2,974
3,331
596
1,770

5, 537
4, 846
82
3,198
534
348
1,375

6. 829
748
422
3,728
1,934

7, 900
6,300
91
4, 648
455
1, 295
1,411
6. 773
734
436
3, 884
1,727

6,847
765
438
4,217
1, 638

290. 49
287. 37
243. 10
10 67
44.28
3.12

290. 41
287. 14
242. 58*
10 75
44. 56
3.28

290. 22
286. 82
242.47
10 64
44.35
3.40

12, 367
3,793
9,446
7 902
2,921 —4, 109

11,878
8. 524
88
3, 171
5.799
1, 348
1,472
7,012
726
480
4,279
1,528

7, 359
5,125
73

6, 470
775
444
3,693
1,612

9, 153
6, 537
70
5, 567
444
1,814
1,258
6, 236
719
431
3,778
1,344

290. 04
286. 65
242. 83
10 66
43.82
3.38

290.54
287. 19
243. 46
10 68
43.73
3.35

287. 47
284. 06
240. 06
10 79
44.00
3.41

287. 99
284. 63
241.62
10 86
43.01
3.36

4,319
493
736
1,738
6,450
722
443
3, 754
1,532

9,767 p 12, 642
6,467 P 10, 749
v 84
85
5,699 p 4, 387
411 P 5, 246
2,020 * 1, 173
1,551 P I , 752
7,169 P 7, 948
v 763
717
441
p 446
4,144 P 4, 568
1,874 p2, 411
290. 15
286. 84
242. 34
10 93
44. 50
3.30

288. 97
285. 67
240. 63
10 96
45.04
3.30

3, 779
2, 982
91
1,480
520
306
1, 382

6.322
765
422
3, 453
1,742
292. 40
289. 00
244. 80
10 93
44.20
3.41

8,713
6, 307
98
4 814
38?
1,821
1,597
7 631
730

293. 71
290. 66
245. 09

293. 75
290. 77
245. 77

45. 57
3.06

45.01
2.98

. 16

. 16

.16

.16

.15

.16

.16

.20

.21

.22

.23

.24

.24

.25

.27

47. 53
.36
56

47. 60
.36
48

47. 58
.34
.45

47. 60
.35
.41

47. 63
.33
.40

47. 53
.35
. 58

47. 55
.46
. 56

47.62
.42
.45

47. 67
.43
.49

47. 68
.35
.43

47.71
.37
.44

47. 75
.37
.46

47.81
.34
.42

47.87
.39
.44

47.89
34
42

119. 58

117.58

117.95

118.54

119.07

119.72

120. 47

120. 95

121.47

121.92

122. 46

122. 86

123. 38

123. 90

58. 03
6.59
3. 46
15.84
3.76
24. 73

58. 16
6.59
3. 55
15.87
3. 76
24. 74

58. 40
6. 52
3.58
15.88
3.75
25. 00

58. 62
6.55
3. 60
15. 92
3.75
25. 11

58. 68
6.44
3.62
15. 94
3. 73
25. 22

59. 09
6.54
3.67
15. 97
3.71
25. 42

59. 24
6.54
3.70
15. 98
3.71
25. 48

59. 36
0.54
3.74
15. 96
3.72
25. 56

59. 54
6.49
3.77
15.98
3.71
25. 67

59.74
6.55
3.77
15. 99
3.70
25.76

59.86
6.40
3.78
16.03
3.69
25. 97

60.22
6.44
3.79
16.05
3.68
*-26. 19

60.44
6. 44
3.82
16. 12
3.68
26.20

3.88
1.82
2. 01
40.92
37.98
3.82
5. 08
1.23
4.61

3.88
1.84
2.00
41. 10
38. 15
3.83
5.14
1.18
4. 66

3. 94
1.87
2.02
41.31
38.36
3.83
5. 18
1.27
4.61

3.98
1.88
2. 05
41. 52
38.55

4.05
1.90
2. 10
41.80
38.80

3.85
5.22
1.23
4.64

3. 80
5.27
1.33
4.78

4.10
1.91
2.13
42. 01
39. 02
3.81
5.30
1.28
4.88

4.15
1.94
2.16
42.14
39. 15
3.82
5.34
1.27
4.98

4.24
1.94
2.23
42. 35
39.35
3.82
5.41
1.22
5.07

4.25
1.96
2.23
42. 55
39.52
3.83
5.46
1.23
5.06

4.34
2.02
2.25
42.72
39.67
3.84
5.51
1.30
5.02

4.34
2.04
2.24
42.90
39. 83
3.86
5.55
1.27
5.07

4.38
2.05
2.26
43.05
39.96

3. 65
4. 62
1.31
1
3. 63

4. 98
1.79
3. 12
Ml. 77
1
38. 79
*3.76
1
5.23
1
1.33
1
3. 94

4.42
2. Oo
2.28
43. 22
40. 10
3.90
5. 58
1.29
5. Of.

5, 925
1,092
572
4, 262

6, 201
1,279
573
4, 349

6,093
1,101
580
4,412

5, 725
1,091
567
4.067

6. 230
1.289
587
4. 354

6. 829
1,711
550
4. 568

1,870
480
4. 905

5. 187
1, 157
501
3. 529

5, 458
944
544
3. 970

9, 012
3. 656
634
4, 722

6, 297
1,250
592
4. 455

6, 595
1, 154
677
4,764

6,255
1,141
628
4,486

6,125
1,312
589
4,224

6,347 i
1,405 1
585
4,357

627. 6
259. 1
52.7
9.9
54.7
124. 5
126.8

676. 5
278. 8
56.1
10.3
60.2
136.1
135. 0

679.4
292. 2
51.4
10.7
59.5
142.4
123.2

633.3
260. 9
50.9
9.6
56.5
125. 9
129. 5

626.1
258. 4
52. 8
10.3

660. 7
283. 1
57.5
10.1

796.7
325. 2
64.1
11.5
65. 6
165. 6
164.7

681.7
272. 6
56.4
10.8
61.0
1,54.0
126. 9

739.2
307.5
59.2
11.7
63.8
149. 7
147.3

653.6
261. 9
52.9
9.9
65.7
144.5
118.7

728. 5
313.7
56.4
11.4

59. 3
135.0
115.7

683. 2
292. 2
56.5
10.2
61. 9
139.8
122.6

741.6
316.8
60. 6
11.1

58. 8
132.9
112.9

711.2
304.2
62.9
11.9
81.2
138.5
112.5

13

48. 65
36
73

1

LIFE INSURANCE

Institute of Life Insurance:
Assets, total, all U.S. life insurance companies
bil $
Bonds (book value), domestic and foreign,
total
'
bil $
U S Government
do
State county municipal (U S )
do
Public utility' (U S )
do
Railroad ( U S )
do
Industrial and miscellaneous (U S )
do
Stocks (book value), domestic and foreign, total
bil $
Preferred ( U S )
do
Common (U S )
do
Mortgage loans total
do
Nonfarm
do
Real estate
do
Policy lOcins and premium notes
do
Cash'
do
Other assets
do ._
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value estimated total
mil $
Group and wholesale
do_
Industrial
do.
Ordinary
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries in
U S total
*
mil. $_
Death benefits
do...
IVlatured endowments
do
Disability payments
do
Annuity payments
do
Surrender values
do
Policy dividends.
do. .
r
Revised.
*» Preliminary.
i End of year,
c?Other than borrowing.




1

113. 65
1

56 69
1
6. 87
1
3 20
1
15 73
1
3.74
1
23 98
1

4. 56
1.60
2. 90
1
39. 20
'*• 36. 37
1

1

1

1

1

1

1

58. 56
1
6. 43
1
3.59
1
15. 95
»3.64
1
25. 45
1

1

1

853.7
58^4
11.5
56.1
147. 2
284.8

62.9
161. 4
128. 8

r

3. 87
5.54
1.30
5.02

63.1
151.5
132. 4

\ Data for net receipts and total expenditures reflect exclusion of certain interfund transactions.

SURVEY OF CURRENT BUSINESS

October 1961
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1960

1960

Monthly
average

S-19

Sept.

Aug.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

17, 377

FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium income (39 cos ) qtrly total
Accident and health
Annuities
Group
Industrial
Ordinary

mil $
do
do
do
do
do

i 9 812 i 2 916
1
i 494
557
i 318
i 274
1
1
319
343
1
1
219
201
1
1 462 i i 541

2 816

3 252

2,942

2, 934

552
257
357
170

613
329
348
287

570
271
351
169

595
247
349
160

1 480

1 675

1, 580

1,585

MONETARY STATISTICS
Gold and silver:
Gold :
Monetary stock, U.S. (end of year or month)
mil. S.- 19, 456
-110
Net release from earmark §
do
161
Exports
thous. $
25, 365
Imports _ _ _
__
__do
Production reported monthly total 9
do
Africa
do
Canada
do
United States
do
Silver:
Exports
do
Imports
do
Price at New York
dol. per fine o z _ _
Production:
Canada
__
thous. fine oz
Mexico
do
United States
do
Money supply (end of yr., mo., or last Wed.):
Currency in circulation
bil $
Deposits and currency, total
__ _
do
Foreign banks deposits, net
do
U S Government balances
_ _
do
Deposits (adj.) and currency, total 1
do
Demand deposits, adjusted f _ .
do
Time deposits, adjusted ^
do
Currency outside banks
__
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
New York City
__ ratio of debits to deposits6 other centers cf
do _
337 other reporting centers
do

17, 767
— 165

19, 005
— 151

137

18, 685
-319

18, 402
-397

167

270

5,376 125, 558

3, 397

17,441
-322
22, 463
2, 779

000 3 90 700
67 500 3 66, 400
13,700 13, 800
3 900
4 300

90 900
67, 900
13, 200
3 200

17,910
-512

172

17,767
-145

123

27, 919

11,954

600
900
100
800

91 600
66 600
13, 400
4 000

92 700 393 100 392 600
67 800 3 67, 700 367 500
13, 300 12, 900 14, 100
4 400
4 900
5 000

5 229
. 912

828

2 149
4 786
.914

2 466
4,251
.914

1,801
5,864
.914

1 754
3, 999
.914

3 093
3, 039
.914

3 667
4,638
.914

4 673
4, 105
.914

2 660
3 673
1 930

2,813
r
3 710
3,345

2, 650
3 941
3,115

2, 468
3,622
2,415

2,878
3 500
2,918

3,086
3 521
3, 405

3,483
4, 117
4, 111

32.0
252. 2
3.0
6.6

32.0
255.1
2.9
8.7

32.1
257.5
3.1
7.1

32.6
257.0
3.1
6.5

252. 9
115. 1
108 5
2
29. 4

242.7
108.9
105 2
28.5

243.6
109.3
106.0
28.3

247.2
112.2
106.7
28.3

60.0
34.8
25 7

65.5
36.7
26 6

68.5
35.8
26.0

60.0
34.9
25.5

88
63
13
4

2

2
32 6
32 9
2 256. 0 2 263.
2
2
23.2
3.2
2
26.2
7.1
2
2
2

39

246. 6
115.4
101 8
2
29.4

2
2
2

56.4
32.5
24 5

19, 556
3
92
3

17,373 17, 388
3
161
49, 138 140, 284
2,209
3,091

17, 390 17, 403
152
92
89, 673 133, 075
1,659
1,704

17, 550
254
98,118
1,857

17, 527

17, 451

193

42,118
9, 246

2, 399

3
88
3

400
67, 700 ' 70, 100
12, 600 13, 700
2 900
3,700

13, 100
3 200

13, 400
3,300

12, 800
3,800

12, 600
3 800

3 188
3, 658
.914

4,670
4,502
.914

4 503
4, 580
.914

1,841
3,363
.914

749
3,648
.914

2 832
3, 552
.914

2,515
4,280
3,325

2,524
3, 460
3, 190

2,876
3,590
3,285

2,424
3, 250
3,974

2,473
4, 020
3,580

2, 902
2.463
3,834

2, 463

32.9
263.2
3.2
7.1

31.8
259.2
3.1
4.5

31.8
259.5
3. 1
6.9

31.9
258.9
3.3
5.3

31.8
260. 6
3.2
3.2

32.2
261.6
1.1
5.9

32.4
264.0
1.3
6.9

32.5
267.2
1.3
6.8

247.3
111.9
106.7
28.7

252.9
115.1
108.5
29.4

251.6
114.7
109.0
28.0

249. 5
110.6
110.7
28.2

250.2
110.3
111.9
28.0

254.2
113.6
112.7
27.9

254.6
110.6
115.6
28.4

255.7
110.8
116.6
28.3

259.2
113.0
117.6
28.5

63.5
35.8
26.2

57.8
34.3
25 1

63.0
36.5
25.7

63.7
35.8
25.7

67.1
35.4
26. 1

68.0
36.9
25 6

74.6
38.0
26 9

70.6
37.7
26.6

70.6
36.7
26.2

992
3,585
.914

2, 840

.914

2, 891
32 6
266. 4
1.3
r
6.6

r

r

258. 5
'•111. 5
118 5
28 5

271.0
1.4
8.9

260. 8
112.8
119.5
28.5

73 4
^38 1
P 26 7

PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
i 4 085
Net profit after taxes, all industries
mil $
Food and kindred products. _
do
i 313
1
Textile mill products
do
104
Lumber and wood products (except furniture)
i
67
mil. $.
1
Paper and allied products
do
155
1
Chemicals and allied products
do
535
Petroleum refining
__
do
i 656
Stone, clay, and glass products
_ do
i1 171
Primary nonferrous metal
do
135
Primary iron and steel
do
i 260
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $ .
i1 137
Machinery (except electrical) _
do
308
Elec. machinery, equip., and supplies, do
1301
Transportation equipment (except motor
1
vehicles, etc )
mil $
71
Motor vehicles and parts.
_
do
1418
1
All other manufacturing industries
do
455
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (see pp. S-23
and S-24).

1

1

3,612

3 513

147
503
719
143
123
236

26

34
144
504
738
177
116
132

101
246
256
1

2 900

3 965

2
141
441
832
117
95
150

-4
121
421
783
44
104
103

43
151
566
712
165
137
229

131
226
250

55
185
239

47
191
206

138
309
234

419
435

56

50
191
487

35
416
426

61
254
269

79
429
376

1 977 i 2 070

1,953

2 302

2 008

2 005

418

452

523

447

i r 414

31 800
306
1
82
1

1

309
70

349
80

449

262
36

340
60

SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
_
mil. $
By type of security:
Bonds and notes, total._ - __ do
Corporate
. ._
_ do
Common stock
do
Preferred stock
_ _ _ _ _ _ _
do__
By type of issuer:
Corporate, totalO
do
Manufacturing
_
do
Extractive (mining)
_ _ do .
Public utility
do
Railroad
_ _ _
__
_ _ _ d o
Communication
do
Financial and real estate.. _
do
Noncorporate, total©
U S Government
State and municipal

_ _ _

r
3

do
do
._ do- _

2, 590

2,295

3, 187

1,808

1,814

1,986

1,947

1,774

5,455

2, 16J

3, 393

4, 432

3,494

1,824

2, 376

2,122

3,012

1,680

1,664

1.852

1,816

1,645

5,288

2,007

2,223
1,061
1,111

4,112
1,021

1, 566

60

228
92

3,210
1, 495

244
40

748
238
20

1 342

1 779

1 006

3,091
2 244

1 715

625

1.035

818
342
463

599
169
44

673
139
34

821
141
34

619
91
37

875
118
16

812
173
13
271
14
60
154

846
179
20
238
18
87
210

996
233
9
226
16
168
224

747
169
5
307
16
96
74

928
196
9
215
8
256
150

1 009

1,777
1 027

1, 449

2,191
1 371

1,062

886
345
343

976
326
496

640

659
602

607

338
682

2
Revised.
» Preliminary.
i Quarterly average.
End of year.
Excludes Republic of the Congo.
§ Or increase in earmarked gold (—).
^Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Nicaragua; Australia; and India.




778
105
45

283
14
320
3
27
245

764
86
45

472
99
30

529
130
37

542
125
29

895
218
22
183
11
101
249

601
173
15
140
28
21
149

695
106
28
163
17
41
228

696
286
17
85
23
90
97

2 231

1.052

1,173

4,760
4 069

1,465

1,161

348
490

455
706

660

434
756

602
10
278
10

1 045

191

348
710

481
34
461
14
98
118

585
11
408
13
270
243

369

436
27
270
5
5
195

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.
cflncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
©Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

S-20
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1960

Monthly
average

October 1061

1960

Sept.

Aug.

Oct.

1961

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
New corporate security issues:
Estimated net proceeds, totaL. .
rnil $
Proposed uses of proceeds:
New money, total
_ _
-do
Plant and equipment
do
Working capital
_ _ __ do
Retirement of securities
do
Other purposes
-do
State and municipal issues (Bond Buyer) :
Long-term
_ do
Short-term
do

794

827

976

731

910

988

879

590

682

679

2,203

1 314

1,744

980

715
507
208
11
68

730
472
258
23
75

895
614
281
10
71

671
541
130
5
55

830
697
204
20
60

805
466
339
32
152

749
496
4>

612
304
308
14
56

484
289
195
118

103

552
359
192
10
28

2 055
1 780
275
85
63

1 090
834
256
55
169

1. 127
759
368
426
191

795
556
239
23
162

640
348

602
334

607
505

682
199

343
254

496
499

490
279

706
334

660
496

756
397

710
201

625
382

1.035
279

463
297

380

390
3,317
1,135

3,330

413

2,038

453
4. 100
1.453

415

i . 607
1 , 997

433
3, 986
1.508
2,351

4,076

2.275

453
3, 426
1.392
1,999

427

1, 269

2,587

1,283
2,815

443
4,041
1,207
2, 798

93 84

53

T
r

603
665

6*0
•X)()

SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in banks
-Customers' debit balances (net)
Customers' free credit balances (net).
Money borrowed

mil. $
do
_._do
do

1
375
3, 430

2, 583

1
390
3,317
i 1,135
1
2, 275

89 36
89. 45
83 27

91.42
91.56
81 81

82 35

95.0
100.7
85 49

94. 6
103.9
86 22

96.4
106.7
88 93

96.7
106. 7
88 57

96.0
105. 8
87 50

95. 5
107. 7
87 23

95.1
107.9
87 84

95.6
108. 1
87 70

96.3
109.7
88 74

97.0
108.9
89 07

96.3
108.0
88 80

96.0
109.0
89. 74

157 66

151.34

133. 92
134. 52

133 72
134. 80

107. 19

117 72

115 57
1 22. 20

142 97
152 46

151 32

181 22

171.06

247 68
222. 73

184 05
163. 40

172. 93
167. 31

151.26
143. 98

144. 16
146. 55

162. 53

155. 34
148 59

131.65

130. 35
132 30

104. 22
106 04

115 82
116 62

113.60

140 64
150 05

148. 72
156 49

174.49

176.00

167. 66
163. 10

148. 00
140 97

172.12

167 23

237. 56
217 27

141.64

132 28

143 95

158. 75

109. 15
102. 91
6 24

93. 92
88. 78
5 14

99.34

109. 30

101.28

138.04

170. 78
7 22

132 00
6 04

118. 28
112. 74
5 54

131.56

5 23

140. 82
134. 51
6 31

133.11

132.41

178.01

8 02

144. 70
138 05
6 64

137. 64

92 89
6 46

130. 18
122 92
7 25

125. 80
5. 76

127. 84
5. 27

109. 30
106. 50
1.56

109, 63
106. 84
1.55

108. 46
105. 67
1.55

1
1

»996

1

362

356

377

:J <\~,(\

436
4,021
1. 208
2, 734

3,220

3,259

1,021

1, 059

1,063
2. 300

93 09

92 82
92 99
81 48

91 70
91.87
80 64

93 21

81 19

93.38

82 12

92 96
93. 10
82 61

92 50
92. 60
84 00

93 71
93. 85
83 39

83 38

93.72
93.87
83.26

92.73
92.87
82.65

87.83

87.57

93. 9
106. 5
86. 27

2,236

2,320

3,243

3,240
1.062

2,268

r

Bonds

Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
dollars
Domestic
- - do
Foreign
do
Standard & Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
Composite (21 bonds) d"—-dol. per $100 bond__
Domestic municipal (15 bonds)
do_ __
U S Treasury bonds taxable f
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil $
Face value _
__
___
do_
New York Stock Exchange:
Market value
do _.
Face value
do
New York Stock Exchange, exclusive of stopped
sales face value total§ _
mil. $
Domestic
do
Foreign
do
Value, issues listed on N.Y.S.E., end of month:
Market value, total all issues §
Ml. $._
Domestic
do
Foreign _
__ _
_
do
Face value, total, all issues §
Domestic
Foreign
_
Yields:
Domestic corporate (Moody's)
By ratings:
Aaa
__ _
Aa
A
Baa
By groups:
Industrial
-Public utility
Railroad
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U S Treasury bonds taxable©

_do
do
do

112.20

93 25

93.40

93.27

109.02

118.67

120 18

159.28

93.98

159 35

132. 14
126. 42
5 72

105. 88
6 33

105. 67
103. 00
1.57

108. 48
105. 67
1.61

110.06

107. 19
1.61

110. 10
107. 27
1.59

109. 86
107 00
1.61

106. 29
103. 47
1.60

108. 26
105 42
1.60

107. 98
105. 13
1.60

107. 59
104. 72
1.62

109. 94
107 07
1.61

110.32
107. 47
1.60

110. 43
107. 60
1.57

118.28

118.69

118.02

118.27
115.02

118.36

115.91
112.63

116. 15
112 89
1.95

116. 16
112 92
1.94

116.31

117.31

117.57

117.82
114.63

1.98

115. 16
1.92

115. 44
1.97

114 76
1.95

1 . 95

115 07
1 98

113 09
1.93

114 09
1.93

114. 35
1.92

95.0
106.8

92.47

92 77

92 61
82. 58

92.92
82 27

94.5
106.7

r

93.9
106. 6
86 09

176.24

117.87

114. 68
1.89

118. 17
114. 98
1.88

117.29
114.10

1.89

1.88

percent. _

4.65

4.73

4.61

4.58

4.63

4.64

4. 66

4. 65

4.59

4.54

4.56

4.58

4.63

4. 70

4.73

4.74

do
do
do - _ _
do

4.38
4 51
4.67
5 05

4.41
4. 56
4.77
5 19

4.28
4 44
4.65
5 08

4. 25
4 41
4.63
5 01

4 30
4 44
4.67
5 11

4. 31
4 47
4.69
5 08

4.35
4 50
4.71
5 10

4.32
4 48
4.69
5 10

4.27
4 40
4.63
5 07

4.22
4 33
4.57
5 02

4.25
4.37
4.59
5 01

4 27
4. 41
4.63
5 01

4.33
4.45
4.69
5. 03

4.41
4.53
4.75
5.09

4.45
4.57
4.80
5.11

4. 45
4. 59
4.81
5. 12

4.53
4 70
4.73

4. 59
4 69
4.92

4. 49
4 53
4.82

4. 46
4.48
4.78

4 50
4 56
4.84

4.51
4 56
4.85

4. 55
4 58
4.87

4.52
4 57
4.86

4.46
4.51
4.82

4.40
4 43
4.78

4.45
4.46
4.75

4.48
4.49
4.77

4.54
4.52
4.83

4. 59
4. 60
4. 89

4.61
4. 67
4.92

4.61
4. 67
4. 94

3 58
3.95
4.07

3 51
3.73
4.01

3 33
3.53
3. 79

3.51
3.53
3.82

3 42
3.59
3 91

3 43
3.46
3. 93

3 38
3. 45
3 88

3 38
3.44
3.89

3 33
3.33
3.81

3 51
3.38
3.78

3 48
3.44
3.80

3.48
3.38
3.73

3.54
3.53
3.88

3.49
3.53
3. 90

3. 54
3. 55
4.00

3. 49
3.54
4. 02

do
do
- do
do
do
do. __

Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $__ 2 13, 012

2

371. 5 1, 965. 5

921.5

387. 6 2, 456. 3 1,003.2

468.1 1, 957. 2

914.1

367. 9 1,986.3

935. 7

372. 9 2. 008. 8

do
do
do

2
2

1, 898
62 882
495

2
2

2. 048
7 C47
- 549

169. 5
78.7
137 1 1 264 9
106. 6
3.0

175.6
330 1
10 9

104.5
345.9
136 0 1 476 4
2.9
171 8

255. 2
298 7
11.2

161.2
162.7
135 8 1,262 8
2.9
106.4

179.3
312 4
11.7

84.1
157.7
133.7 1, 280. 9
109.0
4.3

188.0
313.8
9.8

189. 3
85. 3
133. 5 1.277.0
2.9
107.7

do
do
do_ __
do
do

2
2

1, 096
1, 500
22 387
550

2
2

1.8
112.2
4.2
25.0
9.5

94.6
180.3
62. 3
56.5
30.8

202 3
113.1
20.0
57 8
11.7

2 1
109. 6
1.4
23.0
8.1

93 1
186.6
79.7
63 3
39.5

209.0

2204

1 181
1,2 588
370
2
581
2
212

114.6
34.6
68. 1
11.8

1 7
111.9
4.1
42 8
7.7

94.3
188.3
56. 8
53.6
32.3

208. 7
119.3
20.4
52.8
9.5

2 1
112. 8
.9
22 3
7.7

95.8
190.2
63.4
59.0
30.3

225. 1
118.4
16.9
55. 2
8.5

5.41
5 81
2.61
3.42
3 82
4.29

5. 59
6 03
2.68
3.53
3 97
4.75

5.58
6 03
2.68
3.56
3 96
4.85

5.57
6 02
2.69
3.56
3 96
4.85

5.58
6 04
2 69
3.47
3 96
4 85

5.57
6 00
2.71
3.46
4 00
5.01

5.64
6 01
2 74
3.44
4 09
5.08

5.64
6 01
2.74
3.41
4 20
5.08

5.65
6 01
2.75
3.41
4 20
5.19

5.65
6 01
2.77
3.35
4 20
5.19

5. 66
6.02
2.79
3.35
4.20
5.19

5.66
6.03
2.79
3.35
4.20
5.19

5.66
6.01
2.80
3.35
4.20
5.19

163. 47 155. 46 159. 22 149. 53 149. 30
Price per share, end of mo. (200 stocks) 9 .--do
186. 26 173. 18 176. 68 165. 61 164 91
Industrial (125 stocks)
do
69.82
Public utility (24 stocks)
do_ _
66. 35
73. 59
70. 25
70. 27
62. 46
Railroad (25 stocks)
do... 74. 11
62.28 57. 56 1 57. 68
r
Revised.
1 End of year.
2 Annual total.
§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.

154. 57
169. 92

161.55

171.83

175.72

179.36

179.65

183.20

190. 56
82. 66

193. 51
85. 20

179. 24
193. 90

Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroad
Trade
Miscellaneous

-

- --

Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate (200 stocks)
dollars..
Industrial (125 stccks)
do
Public utility (24 stocks)
do __
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
do




13, 575

72.24

175. 22
76. 82
61.28

186. 00
80. 47

193. 42
85. 54

197. 56
88. 57
68. 45

85.87

r
1. 8
114.8
4. 1
23.0
7. 5

96.9
191.2
57.9
59.8
29.0

5.67
6.02
2.81
3.35
4.20
5. 19

5. 68
6.02
2.83
3.37
4.20
5.19

5. 68
6.02
2.83
3.37
4.21
5.19

185. 95
200. 64

189. 30
204. 00

201.55

88.06

r

92.73

187. 49

94. 50

68.78
69. 15
66.10
65. 90
69.24
68.37
67.00
66.00
cf 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.
OFor bonds due or callable in 10 years or more.
9 Includes data not shown separately.

60. 39

SURVEY OF CURRENT BUSINESS

October 19G1
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

S-21
1961

1960
Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Feb.

Alar.

Apr.

May

June

July

Aug.

Sept.

FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody 's):
Yield (200 stocks) _ _
percent
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
Earnings per share (at annual rate), qtrly.:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent--

3.31
3 12
3.94
4.63
3.71
2.70

3 60
3 48
3.84
5.65
3.91
2.92

1
9.85
23.82
1
6 01

19.62
24.12
i 4.80

4.69

4.75

4.61

4.69

4.75

4.78

4.84

204. 57
618 04
91.39
138. 93

206. 82
624 47
94.46
137. 39

199 78
598 10
94.37
130. 98

194. 49
582 45
92.86
125. 80

199 54
601 14
94.14
128.62

202 81
609 54
97.74
128. 29

Prices:
Dow-Jones averages (65 stocks)
212. 78
Industrial (30 stocks)
632 12
Public utility (15 stocks)-..
89.71
Railroad (20 stocks)
161.14
Standard & Poor's Corporation :cf
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43 =10. _ 57.38
Industrial, total (425 stocks) 9 _.
Capital goods (127 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks)
Railroad (25 stocks) __
Banks:
New York City (11 stocks)
Outside New York City (16 stocks)
Fire insurance (15 stocks)

3 50
3 41
3.64
5.72
4.00
2.87

3 73
3 64
3 83
6.18
4 02
3.08

3 74
3 66
3 83
6.02
4.02
3.07

3 60
3 53
3 75
5.73
3.93
2.97

3 49
3 43
3 57
5.61
3.92
2.76

3 28
3 ?3
3 40
5.17
3.78
2.51

3 15
3.33
4.99
3.51
2.50

3.15
3 11
3.26
5.00
3.54
2. 51

3.09
3 05
3.15
4.89
3.33
2.49

8.00
4.17
0.22

9 70
4.12
6.36

8 45
4.08
3 09

3.15
3 11
3.25
4.84
3.51
2.50

3.05
3 00
3.19
5.08
3.19
2.35

3.00
2 95
3.05
4.87
3. 03
2.19

3 03
2 99
2 99
4.90
3 06
2 22

9.60
4.19
2.83

4.68

4.66

4.67

4.63

4.66

4.69

4. 69

4.69

98
20
79
44

219. 89
650 01
107. 70
143.12

225. 64
670 56
110. 00
145. 47

228. 42
684 90
112.02
142. 53

231 08
693 03
112. 84
144.98

229. 53
691 44
112.61
141.35

228. 96
690 66
114.15
137. 82

237 89
718 64
119.32
141.65

237 88
711 02
121.20
143. 23

4.73
212
632
102.
139.

3.16
3 10
3.26
5.07
3.27
2.48

55.85

56. 51

54.81

53.73

55. 47

56.80

59.72

62.17

64.12

65.83

66.50

65.62

65.44

67.79

67.26

do
do __
do
do
do

61.45
63.93
47.35
44.15
35.09

59.43
59.74
47.21
46.86
30.31

59.96
59.76
48.16
48.65
30.19

57.96
56.77
46.51
48.64
28.76

56. 90
55.25
45. 68
47.34
27.77

58. 89
57.42
46. 96
47.83
28.93

60.22
59.11
47.98
49.78
29.03

63.20
61.46
48.96
52.73
31.43

65. 71
63.71
50. 85
55. 64
32.17

67.83
65. 77
53.27
57.06
32.93

69.64
66. 12
54.33
59.09
32.35

70.34
67.41
55.29
59. 59
33.08

69.48
67.49
55.61
58. 43
32.41

69. 15
66. 24
56.21
59.42
31.74

71.69
69.18
58. 73
61.19
32. 76

70.89
69 78
59. 82
62. 19
33.02

do
do
do

26.28
52.51
33 17

26.23
53. 09
33 43

25.26
52. 64
34.81

25. 63
52.89
33 87

25.43
52.32
33.01

25. 58
53.91
33. 75

26. 60
55. 37
37 02

27.78
57.12
38 97

29.60
59. 48
42.34

30. 55
63.94
42.95

30.85
64.92
42 64

31.30
67.14
42 97

32.91
68.38
43.98

33. 55
69.98
44 81

35.64
74.47
47.19

36. 09
77.27
47 16

4,322
134

3,768
116

3,751
116

3,450
110

3,192
101

3,295
105

4,139
136

4,946
163

5,275
160

7,281
242

6 533
229

6 305
224

5,174
154

3,668
108

5,101
149

3,623
87

3,163
80

3,119
81

2,867
75

2,700
70

2, 785
72

3,487
95

4,176
115

4,407
112

5,930
153

5, 205
132

4,971
124

4,293
100

3, 051
71

4.338
104

68

64

65

61

54

62

77

89

93

118

102

97

73

61

82

295 40
5,421

291 49
6, 231

300 90
6,341

283 32
6,370

281 53
6, 388

292 99
6,398

306 97
6, 458

326 60
6,478

337 49
6.501

347 58
6,529

350 47
6,571

358 86
6. 663

348 86
6,727

360 38
6, 761

308 65
6,847

Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil $
Shares sold. _
millions.On New York Stock Exchange:
Market value
- .mil. $
Shares sold
millions
Exclusive of odd lot and stopped sales
(N Y. Times)
millions
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
bil $
Number of shares listed
_ _
_ . .millions

64

FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:
Quantity
1936-38 = 100..
V;ilue
do
Unit value _ _ _ _ _
do
Imports for consumption:
Quantity
_ _ __
__
do
Value
do
Unit value
do
Agricultural products, quantity:
Exports, U.S. merchandise, total:
Unadjusted
1952-54 = 100Seasonally adjusted
do
Cotton fiber (incl. linters), seas, adj
__do
Imports for consumption, total:
Unadjusted
_
do
Seasonally adjusted _ __
do
Supplementary imports, seas, adj _ _ _ do
Complementary'imports, seas, adj
do _ _ _
Shipping Weight
Water-borne trade:
Exports, incl. reexports§
thous. Ig. tons__
General imports
do_ ._
Value
Exports (mdse.), incl. reexports, total!
mil. $__
Excl. MSP (military) shipments
do
Seasonally adjusted*
do
By geographic regions:A
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
r

274
596
217

••317
694
'• 219

296
653
221

296
654
221

323
709
220

333
731
220

331
729
220

'301
664
'220

' 306
681
'223

'350
781
'223

'308
692
r
225

' 313
708
' 276

305
688
226

296
(i63
224

9
24
609
272

216
595
276

220
608
276

204
565
277

205
564
276

209
573
274

206
561
272

198
542
274

185
505
274

222
602
271

187
510
273

214
580
271

214
580
271

p 223
P 00 5
p'>7]

154

194

99

202

152
191
69

165
178
91

199
181
152

238
200
222

246
199
219

p211
p 197
P232

*>207
P 197
P205

P225
P208
P229

P 185
v 190
J>181

v 184
v 188
P128

P 155
p 173
P83

110

103

110
110

106
102

112
122
113
129

101
111
99
121

96
110
91
125

97
112
120
108

99
90
113
80

p 101
P89

*>98
p85
P 77
p90

v 103
P109
pQl
P 125

P 112
P 115

P88

*>96
»90
p98
"85

'8,147 ' 9, 262 10,934
'14,917 ' 14, 789 17, 128

10, 122
14,774

10, 218
14, 132

9,281
13 866

8,680
13 700

7 321
13 634

7 755
12 833

v
p
v
v

120
105
111
101

pQ5

P132

' 8 640 8 570
13 514 11 597

1, 468. 5 1, 708. 3 1, 609. 4 1, 610. 1 1,743.9 1, 796. 7 1, 796. 6 1, 646. 7 1,671.5 1,934.2 1, 705. 5 1,743.8 1, 698. 9 1 , 637. 0 1 652 7
1, 366. 2 1, 629. 2 1 546 8 1, 556 6 1 690 0 1 723 6 1 743 3 1 538 8 1 606 1 1 889 1 1 647 0 1 671 3 1 643 8 1 558 4 1 581 2
1, 621. 5 1, 609. 7 ] , 706. 6 1, 676. 6 1,621.4 1, 649. 2 1, 763. 5 1, 687. 1 1, 655. 2 1, 554. 5 1,591.2 1, 707. 2 1,652.6

do
do
do
do

57.2
228 8
26.9
382 6

63.4
301 6
39.5
540 5

69. 6
266 5
46.1
52'? 5

54.5
256 6
44.2
551 7

67.3
284 7
49.4
572 2

65. 0
321 6
50.8
612 0

68.4
38° 1
38.1
611 1

59.2
334 8
38.3
518 6

62.1
333 6
39^4
534 0

80.1
3^8 8
38.0
622 7

63.8
358 0
28.7
5°9 6

65.6
366 8
30.0
519 1

54
336
26
530

1
6
3
9

76 3
349 3
32.3
439 2

65 2
300 3
38.7
513 5

do
__do
do .

310. 7
148.2
165. 4

308 3
138.2
174.0

288 7
132 3
161.5

288 2
132 6
164.1

310 7
138 8
200.1

313 3
128 0
170.9

209 8
133 5
180.9

263 2
110 0
162. 6

280 5
114 9
178.2

315 5
130 3
212.8

302 7
126 4
170.4

319 7
114 5
174.2

330 1
114 1
173.3

269 5
118 7
203.0

289 7
122 0
176.5

Revised.
p Preliminary.
1 Quarterly average at annual rate.
- For 12 months ending Dec.
d"Number of stocks represents number currently used; the change in number does not
aiYect continuity of the series.
9 Includes data not shown separately.




vQ2

§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
IDatainclude shipments (military and economic aid) under the Mutual Security Program.
AExcludes "special category" shipments.
* New series. Data prior to Aug. 1960 may be obtained from Bu. of Census reports.

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

October 1901
1961

1960
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

Aug.

July

Sept.

FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (rndse.), incl. reexports —-Continued
By leading countries:
Africa:
United Arab Republic (Egypt Reg.) rail. $ _ _
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
do
Colony of Singapore
do
India
do
Pakistan
do
Japan
do
Republic of Indonesia
do
Republic of the Philippines
do
Europe:
Fran ce
do
East Germany
do
West Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and south America:
Canada
do

8.8
18.4

12.5
23.1

11.1
27 5

9.0
19 8

15.8
'>'> 9

21.6
17 5

16.3
20. 7

11.2
18 7

12.0
22 0

16.1
28.5

12.0
20.1

13.8
19.9

8.5
13.9

13.4
21.9

11.7
17.4

22. 2
2.5
93 0
8.7
80.4
5.5
22.9

32. 3
3.4
53 3
14.0
110. 7
6.9
24.6

37.4
4.0
44 0
17.3
93.5
5.1
21.6

35. 0
3.5
42 9
10.0
98.2
5 2
21.9

38.4
3.5
60.6
8.3
99.6
5.6
24.3

41.4
4.0
54. 1
18.0
115.9
9.5
25.2

32.9
3.7
67.7
17.7
156.0
6.8
31.4

30.1
3.6
52 0
13.5
135. 6
16.7
24.8

29.9
3.3
40.2
10.1
137.8
13.8
24.7

29.6
4.0
48.6
21.5
164.0

27.8

21.4
4.0
42.9
17.7
148.2
12.2
24.7

23.1
4.0
38.7
18.7
160.0
10.2
31.2

19.5
3.8
36.8
12.3
154.6
6.7
34.0

23.4
3.6
55. 6
11.1
144.5
8.6
29.1

32.8
4.3
29.2
11.0
139.4
10.1
23.6

28.3
.1
62.3
34.0
.6
73.7

48.0
.3
88.9
53.5
3.2
117. 2

57.3
.3
80.4
50.0
5.9
99.6

48.6
.1
81.9
54.5
3.2
152.3

44.3
2
87'. 5
52.0
4.3
145.9

46.0
.1
93.8
52.3
4.4
127.9

43.2
0)
92.0
66.4
4.0
132.3

49.0
.2
83.0
70.7
3.9
97.4

49.9
.3
90.5
70.7
2.6
92.1

61.0
.0
102.0
81.6
4.6
115.2

52.6
.1
84.8
67.5
6.8
79.3

45.3
0)
89.6
72.6
2.8
74.8

46.8
0)
86.3
66.1
9.8
73.8

35.0
.1
72.3
53.4
6.4
70.1

43.1
.2
88.4
63. 0
3.8
84.1

310.6

308.2

288.7

288. 2

310.7

313.2

269.8

263. 2

280.5

315.5

302.7

319.6

330.1

269.5

289.7

r> 2

274. 4
273. 1
312.9
272.5
289.0
298.2
287.9
248. 4
261.3
314.2
268.9
271.1
271.5
292. 9
265.7
Latin American Republics total 9
do
30.1
32.1
34.3
28.6
31.1
32.7
29.1
35.5
29.6
34.8
31.0
28.7
37.7
40.6
19.3
Argentina
do
43.8
39.
4
35.2
37.5
33.9
37.3
41.9
50.1
57.3
35.5
41.2
34.3
37.1
38.0
34.4
Brazil
do
18.0
16.7
22.2
17.0
16.2
21.0
18.1
20.9
12.9
15.0
14.6
20.7
17.4
18.0
11.4
Chile
do
19.2
21.2
16. 3
20.8
16 3
23.2
20.5
20.5
21.3
18.8
18.0
20.7
23.4
17. 3
Colombia
do
17.1
5.2
.1
3.9
2.9
.6
3.8
18.5
17.8
.5
2.6
17.1
2.0
.9
18.1
36.5
Cuba
do
75.8
67.2
68.1
64.9
as. 6
62.6
63.3
65. 5
58.8
62.9
69.5
68.3
63.2
66.6
Mexico
do
61.7
40.9
37.9
35.9
41.2
46.8
41.3
39.1
62. 6
34.2
45.8
37.7
57.0
40.9
27.8
Venezuela
do
61.6
1,453.2 1,691.6 1,591.4 1,594.6 .1,729.4 1,782.8 1,777.7 1,618.7 1,659.0 1,903.7 1,687.5 1,725.4 1,677.9 1, 617. 3 1.633.3
Exports of U.S. merchandise, totalt
do
By economic classes:
236. 3
283. 2
166.2
239.3
166.3
224. 8
218.8
215. 5
287. 0
163.7
188. o
218. 8
187. 4
186.5
159.4
Crude materials
do
132. 6
139. 6
146. 9
144.1
177.2
153.9
156. 7
143. 8
144.5
129.6
136.6
123. 7
163.8
145.7
Crude foodstuffs
_ _
do
120. 7
91. 1
88.3
102. 3
99.9
106. 2
105. 6
88.5
89.0
90.7
98.4
93.0
94.5
96.8
94.7
89.8
Manufactured foodstuffs and beverages. - . do
292. 7
279.6
299. 9
273.7
285.2
286.0
258. 2
290.4
266. 3
293.5
266. 2
287. 5
337. 1
287.8
205.
5
Semimanufacturcsd^
do
966.9
947.6
902. 6
940.9
921.6 1,096.3
952 9
982.0
927. 8
991.4
989.3
872.5
875.8
958. 9
877 8
Finished manufactures cT1
do
By principal commodities:
423. 2
350.4
495. 8
504. 2
348.2
426. 3
431.9
469.5
394. 1
385.8
395. 2
402.0
329.6
327. 1 369. 4
Agricultural products total 9
do
134.7
130.4
45.4
112.1
59.4
98.4
89.4
113.6
79.8
82.3
36.7
15.9
26.3
53.0
Cotton unmanufactured
do
37.7
31.3
33.2
27.3
26.1
37.2
39.4
30.9
31.8
34.2
24.7
32.4
31.0
26.7
32.1
38.8
Fruits, vegetables, and preparations
do
135. 1
161.2
143.3
138.2
154.4
156 3
128.4
187.6
165.5
130.8
156.6
137. 5
115.6
141.5
118.3
Grains and preparations
do
27.3
24.4
33.7
25.6
24.0
25 6
26.7
25. 1
28. 9
31.0
23.9
24.4
25.4
27.7
23.5
Packinghouse products
do
31.4
31.2
25. 7
72.3
43.1
24.8
74,8
30.0
35. 6
26.7
39. 7
74. 7
26.7
36.6
36.7
Tobacco and manufactures^
do
1,123.6 1,289.6 1,264.3 1,225.1 1,297.5 1,287.0 1,273.5 1,195.5 1,232.7 1,434.2 1,293.4 1,330.2 1,329.6 1, 266. 9 1, 247. 5
Nonagricultural products total 9
do
105.7
115.2
97.6
93.3
92.7
119.4
91.4
78.5
105.9
99.9
82.4
78.1
108.5
107.7
104.8
Automobiles, parts, and accessories
do_ _
149.7
121.3
139. 6
141.9
158.4
145.1
141.0
151.6
144.8
132.9
140.1
141.8
140.0
140.8
124.5
Chemicals and related products!
do
27.2
23.4
33.7
20.1
33.2
19.5
24.5
19.
6
29.4
31.0
36.1
37.
5
34.0
30.1
32.3
Coal and related fuels
do
73.6
60.9
71.9
62.1
53.4
88.5
69. 1
66.1
81.9
60. 3
73.2
73. 7
70.1
92. 3
46 7
Iron and steel products
do
Machinery total §9
Agricultural
Tractors, parts, and accessories
Electrical^- __
_ _
Metal wor kin g§
_
Other industrial
Petroleum and products
Textiles and manufactures
General imports total

390.4
391.1
373. 8
447.2
412.8
374.6
382. 1
349.5
393.5
332. 3
377.0
331.3
367. 7
357.8
323. 9
do
10.6
8.9
8.9
16.3
14.3
17.1
15.6
13.9
12.1
9.4
10.6
11.4
8.8
8.3
12.0
do
27.3
35.2
30.6
35.3
33.4
32.2
28.4
28.9
29.7
27.0
32.7
32.3
29.7
29.8
29.6
do
86.4
94.2
95.1
82.6
82.3
105.6
95.8
88.0
80.6
85. 7
94.6
83.2
78.5
80.2
82.2
do _
40.8
38.4
40.5
42.1
35. 2
46.5
40.9
37.3
34.5
39.8
29.5
25. 2
30.7
27.9
26.0
do
189.2
166.4
185.5
178.1
184. 5
184.8
210.0
193.3
185.1
183.4
168.3
185.7
178.1
165. 5
158.3
do
32.1
40.1
37.8
41.7
39.0
34.9
38.0 r 36.4
38.9
39.9
37.5
39.2
39.9
37.7
40.0
do
49.3
58.2
53.2
53. 8
66. 6
55. 4
56.3
57.9
53.9
61.6
57.4
52. 5
50. 7
57. 8
52.9
do
4 1.160.1 1.157.2 1.160.8 1,157.1 1,123.6 1,045.9 1,230.5 1,041.9 1,194.5 1,220.2 1, 267. 8 1.233.5
1,267.3 1,221.2 1 , 229.
do
1 ')98 1 1 177 4 1,196.2 1,128.0 1,099. 7 1,119.1 1,121.6 1,127.1 1, 129. 1 1,117.4 1, 180. 9 1,371.4 1.242.8

By geographic regions:
Africa
do
Asia
_
_
_
do
Australia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
United Arab Republic (Egypt Reg.)_._do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
India
Pakistan
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
Ea^t Germany
West Germanv
Italv
Union of Soviet Socialist Republics
United Kingdom...
r

49.7
207.5
24.6
338.4
263. 7
128.5
182.1

62.3
202.8
27.7
334.9
273.0
127.6
192.0

71. 6
231.4
35.0
357. 0
271.9
119.3
181.8

2.2
8.7

11.7
10.2

13.4
12.2

11.5
1.0
21.8
2.7
80.9
11.5
30.2

15.1
1.6
19.7
2.9
81.2
12.5
26.5

17.3
.8
23.0 1
2.6
92.6
14.5
33.2

49 1
216. 9
28.1
384.0
253.7
132.8
202.8

44.6
226. 7
22. 2
355'. 6
242.0
127.1
203.0

39.9
262. 7
28.2
307. 1
261.4
106.9
223.0

43.6
215. 7
21.7
323. 1
238. 5
109. 5
208. 0

36.5
210. 6
16.6
340. 4
240.9
93.2
219.0

36. 1
209.6
10.9
338. 2
249. 1
106. 4
210.5

42.8
209. 5
17.7
343. 4
223.2
122. 9
197.5

46.4
196.8
18.8
315.3
208. 4
113.3
224. 6

43. 5
167.8
13.6
299.3
197.8
124.8
199. 1

52 6
215.8
28.2
343.7
249.2
139.5
201.6

1.4
9.8

2.6
9.0

1.7
8.0

1.5
9.1

.7
8.2

5
6.6

1.4
8.0

.7
8.6

.7
9.5

1.8
8.7

do
do
do
do
do

16.4
2.4
17.3
3.0
85.7
15.9
26.0

11.9
1.6
19.0
3.0
95.7
18.0
2 5. 5

16.7
1.2
17.6
2.1
110.0
23.2
35.2

9.8
1.2
20. 6
1.9
96. 7
17.3
19. 5

8.6
1.1
17.6
1.9
95. 3
15.7
19.9

5.5
.9
17.7
2.7
91.5
15.0
20.3

11.7
1.7
17.5
3.2
83. 3
22. 1
20.0

11.1
1.2
19.9
4,3
84.4
12.4
20. 9

9.5
.8
17.6
3.5
61.7
11.5
22.6

14.2
.9
22. 3
4.7
82.5
14.1
31.1

33.0
.3
74.7
32.8
1.9
82.7

29. 3
.3
63.6
34.4
1.8
69.1

22. 8
.3
71.3
28. 6
1.3
73.8

28. 6

do
do
_do
do
do

38 5
.3
76.7
32.3
2.4
94.8

38.2
42.6
26.5
35.8
.3 | _ _ . _
.3
.1
.1
73.6
69.8
63.8
75^6
69.6
i
31.5
29.5
25.9
28.4
28.6
3.1
1.5
2.9
1.5
2.8
86. 6
72.0
75.2
56.6
72.3
A Manufactures of tobacco are included in the nonagricultural products total.
§ Excludes "special category, type 1" exports.
* New series. Data prior to August
1960 may be obtained from Bureau of Census reports.

.8
10.1

14.5
.8
17.1
2.8
76.6
13.2
24.0

j
75! 1
35. 9
1.8
72.8

l
Revised.
Less than $50,000.
9 Includes data not shown separately.
1 See similar note on p. S-21.
cf Data for semimanufactures reported as "special category, type 1" are included with
finished
manufactures.




53.5
181.8
29.4
287.3
212.3
104. 2
173.4

::::::::

31 . 1
2
69! 5
34.0
.6

27.1
.3
78.8
32.7
2.8
68.6

24.2
.3
69. 2
29. 1
1.0
60.6

26. 7
.3
66.0
24.9
1.0
63.5

32.2

SURVEY OF CURRENT BUSINESS

October 19G1
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1960

1960

Monthly
average

S—23

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports, by leading countries— Continued
North and South AmericaCanada
mil. $
Latin American Republics total 9
Argentina
Brazil
Chile
Colombia
Cuba
_
Mexico
Venezuela

do
do
do _
do
do
do_ .
do
_do _ _

_
__

Imports for consumption total
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
"Finished manufactures
By principal commodities:
Agricultural products total 9

do

253.5

241 8

260.9

238.3

240.7

248.9

223 2

208.3

197.8

249 2

212 3

263 5

272 7

271 6

300. 1

294 1

290.9

280.8

278 5

276.8

277 0

295.5

282.3

295 1

244. 1

264 1

274 5

250 7

10.5
52.4
16.8
28.3
39.6
36.3
74.2

8 2
47. 5
16 1
25 0
29.8
36 9
79.0

9. 1
57.5
24. 5
22. 1
11.7
33.0
75.9

7.6
54.4
15 7
23.5
7.9
44 3
78.2

6.9
48.9
19 8
36.2
7.6
27 8
76.7

5.7
45.0
9. 1
35.3
6.2
31.3
81.9

7 1
42.6
9 5
24 7
2.9
39 1
83.9

9.2
38.2
21.2
32.4
3.6
40.7
91.8

7.3
42.1
15.0
20. 1
2. 7
49. 5
90.4

8 4
47.8
11 9
25 8
3.0
53 4
79.0

7.8
43.5
15 6
17.5
1. 1
42 7
66.5

10 6
42.0
13 6
22 4
2.1
52 2
73.5

10 1
40.6
17 8
29 2
4.3
56 0
70. 1

8 9
38.5
18 6
21 4
3.4
44 4
64.0

1,249 5 1 221 0 1 246 4 1 159 3 1 156 9 1 175 9 1 151 0 1 111 7 1 036 6 1 235 3 1 045 7 1 188 5 1 189 0 1 240 9 1 250 1

do_ _do
do __
do
do

258.1
152.0
133.3
275.5
430.7

251. 1
143 5
130.5
257.7
438 2

291.1
142. 6
137.6
248.2
426.9

243.6
134 1
134. 5
234.8
412.3

229.9
146 1
122.4
233.3
425.2

219.2
141 0
139.4
245.6
430.7

231.8
149 2
115.5
242.6
411.8

235. 2
153 9
105.8
234.9
382.0

210.3
139 7
110. 5
228.1
347.9

237.4
168 1
142 9
265.0
421 9

202.5
141 8
109.6
225. 1
366. 6

229. 9
139 4
125. 0
267. 4
426.8

238. 5
150 3
136. 3
253. 5
410 3

254. 2
133 1
141.8
257. 1
454 7

do

341.6

318 7

344.6

310.6

286.3

292.3

295 4

297.6

276.3

345 4

285. 3

294 5

314 9

314 9

13.7
91.4
31.9
41.3
18.7

11 9
83.7
26.8
42.3
16.4

11.6
91.8
32.7
39.5
17.3

9.8
87.5
25.2
41.6
14.0

8.4
93.8
19.6
24.8
13.9

8.9
83.0
20.4
39.7
12.1

12.2
82.7
24.1
28.7
11.9

18.4
86. 6
19.9
23.7
16.7

16 8
76.6
15.3
37.8
14.4

16 3
97.3
15.8
52.6
19.0

19.6
75. 8
13,2
25.7
17.9

16.3
74.3
15.5
38.7
15.9

17 9
91.6
18.2
37. 1
16.1

20 8
72.7
18.6
49.7
19.1

do

907 9

902 3

901.8

848 7

870 6

883 7

855 6

814 1

760 3

889 9

760 4

894 0

874 1

926 0

Furs and manufactures
_
do
Iron and steel products
do
Nonferrous ores, metals, and mfs. , total 9

9.0
52. 1

9.1
44.2

4.9
30.8

4.7
35.2

5.2
31.9

6.2
30.8

17.2
28.6

12.9
23.3

11.6
24. 1

9.0
32.3

A*

32.6

T>.
37.3

6. 7
39 9

5. 8
41.5

4.4
43. 9

93.2
24.8
10.0
28.8
55.5
128.0

95.7
33.5
9.8
28.0
57 4
128.6

102.1
35.3
11.9
33.1
61.6
125.9

78.7
27.5
8.5
29.0
54.6
122. 3

90.0
23.4
9.6
29.1
59.8
119.0

87.5
29. 1
6.7
31.2
65.2
135.7

86.9
33.2
9.4
23.1
59.3
141. 6

75.9
26.8
6.4
25.0
53.8
152.0

70.8
23.9
7. 1
27.4
48.1
137.5

89.5
24.8
5.7
27.2
62.0
147.5

67.3
10.5
7. 1
22 2
53.2
128.1

94. 1
34.8
7. 1
28.0
64 9
128.0

78.0
18.7
7.9
30.2
59 2
122.4

89.2
17.1
13 2
25.3
56 0
138.0

86. 2
20.6
11 0
30.7
58 7
124.0

Cocoa (cacao) beans incl shells
Coffee
Rubber, crude, including guayule
Sugar
Wool and mohair, unmanufactured
Nonagricultural products total 9

do
do __
do
do
do

mil. $

Copper incl ore and manufactures do
Tin including ore
do
Paper base stocks
do _ _
NeWSJTint

(Jo

Petroleum and products

do _ _

13.7
77.7
18.5
45. 9
15.1

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Scheduled domestic trunk carriers:
Financial operations (qtrly. totals) :
Operating revenues total 9
mil $
Transport total 9
do
Passenger
do
Property
do
U S mail
do
Operating expenses (incl depreciation) do
Net income (after taxes)
do
Operating results:
Miles flown (revenue)
thous
Express and freight ton-miles
flown
do
Mi ail ton-miles
flown
do
Passengers originated (revenue)
do
Passenger miles flown (revenue)
mil
Express Operations
Transportation revenues
Express privilege payments

thous $
do

Local Transit Lines
Fares average cash rate
Passengers carried (revenue)
Operating revenues

cents
mil
mil $

Class I Motor Carriers (Intercity)
Carriers of property (qtrly. totals):
Number of reporting carriers
Operating revenues total
mil $
Expenses total
do
Freight carried (revenue)
mil tons
Carriers of passengers (qtrly. totals):
Number of reporting carriers
Operating revenues total
mil $
Expenses total
do
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR):c?
Total cars
Coal
Coke
Forest products
Grain and grain products
r

d

...thous_do
do
do
do

i 455 i i 493 5
452 6 1 489 1
i 411 g i 443 4
i 27 3 r i 3 0 0
i 11 7
i 10 6
1
429 8 i 484 6
i 14 5
i i i

491
486
436
31
13
485
d
1

6
1
1
6
4
3
5

460
455
413
28
12
479

7
6
0
7
0
0

534
527
479
31
12
511
4

d K; Q

1
3
9
8
3
2
4

62 883
28, 279
9 833
3, 785
2 356

60 419
31,718
11 066
3 855
2 450

64 034
32, 474
10 786
4,166
2 745

59 057
35, 169
10 917
4,037
2 547

59 757
35, 994
11 257
3 965
2 487

55 199
32, 691
11 043
3, 518
2 129

56 971
35, 736
16 479
3,504
2 284

56 335
30, 459
11 152
3 449
2 348

43 331
27, 002
10 389
2,829
1 818

57 106 56, 636
36, 094 f 32, 322
13 239 11 631
3,779
3,871
2 398
2 459

58 Oil
36, 606
12 000
3 839
2 380

60
38
11
4
2

32 344
12,143

30 705
10. 429

31 618
11,731

31 867
10, 675

31 300
10, 621

30, 961
10, 552

35 458
12,111

27 822
6, 983

27 181
6,783

32, 790
11,955

28, 033
8,171

30 891
10. 474

31 022
11 576

26, 103
8,678

18 1
638
114 7

18 9
r
626
117 3

18 9
r
587
113 3

18 9
610
110 4

19 0
634
122 2

19 1
624
121 1

19 1
649
125 6

19 3
614
116 8

19 3
582
110 4

19 4
659
123 5

19 5
603
114 5

19 5
644
121 3

19 5
599
113 6

19 5
531
106. 3

19 5
567

2, 106
365
23
146
196

2, 242
388
26
148
202

2, 860
470
34
183
293

2,174
329
25
140
256

2, 3(>7
421
28
159
234

r

2 923
2 9?3
U 160 8 U 188 4
il 158 5
i gq o
i 68 7

935
1 207 4
1 161 3
68 9

923
1 207 8
1 197 9
69 0

988
1 112 1
1,097 0
64 5

2
2 139
139
110 5 1 115 1
i 95 f) i 100 6
1
58 3 i 56 6

140
140 9
110 6
61 9

139
111 3
101 3
55 7

140
97.8
95 8
51 3

!1 110 1

1

2,585
452
34
171
227

Revised.
Deficit.
* Quarterly average.
2 Number of carriers filing complete reports for year 1960.
9 Includes data not shown separately.




529 4
525 6
478 8
30 6
11 1
496 7
10 9

1

2, 537
443
34
162
232

2.386
420
22
160
235

-2,r 906
517
r
26
r
!91
r
260

3,189
546
30
193
329

2. 203
388
23
135
255

2, 401
477
26
232

1,922
3S2
21
129
211

1, 955
376
21
134
222

2. 507
405
28
175

261

315
119
783
282
826

2. 951
537
3H
190
245

cf Data for Sept., Oct., and Dec. 1960 and Mar., June, and Sept. 1961 cover 5 weeks;
other months, 4 weeks.

SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

October 1001

1960
Sept.

Aug.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Railroads— Continued

1

Freight carloadings (A AR)— Continued d*
Livestock
- ---thous..
Ore
do
Merchandise, l.c.l
___do_._
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):
Total
1957=100
Coal.
do
Coke —
do__Forest products
do
Grain and grain products
._
do
Livestock
do
Ore _-.
do
Merchandise 1 c 1
do
Miscellaneous
__
do
Financial operations:
Operating revenues, total 9
Freight
Passenger _ _ _
Operating expenses
Tax accruals and rents
Net railway operating income
Net income (after taxes) f

-- mil. $
do ..
do
do- __
do
do _ _
do

Operating results:
Freight carried 1 mile (Qtrly )
bil ton-miles
Revenue per ton-mile (qtrlv avg.)
cents
Passengers carried 1 mile revenue (qtrly ) mil

25
139
176
1,361

22
184
151
1,309

16
239
140
1, 154

90

88
79
70
98

83
79
51
07

93

104
76
77
66
89

102
63
71
65
83

818.8
692. 7
54. 3
642.1
114. 4
62.3
48. 2

792. 9
668. 8
53.4
630. 4
113.7
48.7
37.1

81
72

103
103
88
58

i 148 1
i 1. 445
i 5 513

1
rl
1

' 809. 2
' 679. 6
60. 5
646. 9
117.7
44.4
29.9

147 0
1. 402
5,315

r 34
T

950

r

r

i

170 i
I 459

50
^33
179
1,629

%!

90 i
129
1, 156
84
76
53
92

20
59
138
1 , 296

15
44
109
1.011

11
48
118
1,025

18
72
158
1,390

17
65
119
1 176

17
136
117
1 208

14
244
140
1 483

11
13
106
1 095

14
223
114
1 174

28
263
141
1 509

83
75
46

81
70
45
90

81
61
49
90
108
68
89
59
84

82
69
52
93
106
71
41
55
87

84
75
59
92

82
73
62
91

79
64
61
93

84
80
65
97

111
69
41
54
88

111
53
57
53
85

106
53
62
52
83

101
59
66
53
85

83
85
71
93
87
68
66
50
84

761. 3
642. 6
50. 1
611.2
118.0
32. 1
14. 4

714.9
604. 4
46.1
584. 1
108. 1
22 6
4.4

778.5
664. 6
47.7
617.3
120. 5
40.8
25. 5

796 4
670.6
58.1
613.6
123 4
59.4
43 6

754. 2
629. 3
58 7
606. 6
111 9
35. 6

825 4
695 9
58 9

82
81
48
94
92
82
62
62
82

87
83
56
93
128
99
50
64
87

127
76
50
61
84

81
75
46
90
96
62
70
55
83

754. 4
642. 9
44.2
608. 3
111. 6
34.5
25. 9

815.8
695. 4
46.5
624. 8
121.2
69.8
54.8

756. 5
638.0
46. 5
603.4
106. 1
47. 0
33.9

731. 5
588. 1
60. 7
613. 6
83. 6
34,3
52.7

144 5
1. 396
5, 818

96

83
56
84

108
53
88
57
82

699. 2
584. 5
52.8
596. 4
106.9

668. 3
559. 6
49.5
573. 7
99. 4

106
59

d
4. 1
d 7.9

d

d 4.8
19. -5

132.0
1.386
4,743

141.0
1.392
4 917

9

74 6

144 1

Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. net tons
Foreign vessels..
__do
United States vessels - _
.
do
Panama Canal:
Total
In United States vessels.

thous. Ig. tons_.
.
do

Travel
Hotels:
Average sale per occupied room__
_. .dollars..
Rooms occupied
% of total.
Restaurant sales index
same mo. 1951 = 100 Foreign travel:
U S. citizens- Arrivals
_ _ _ thous
Departures.
_
...do
Aliens: Arrivals
do
Departures
___do _
Passports issued and renewed
do
National parks visits
do
Pullman Co.:
Passenger-miles (revenue) .
..
- mil
Passenger revenues
thous $

12, 959
10, 740
2,219

13, 893
11,286
2, 607

15, 095
12,1.52
2 943

14.716
11,900
2,816

14,876
11,854
3, 022

13, 573
10, 788
2,785

13, 177
10,612
2, 565

13. 066
10, 800
2, 265

1 2, 006
9.814
2,192

13, 502
10,926
2, 576

12 945
10, 322
2, 623

14, 620
11,927
2, 692

4,587
1, 061

5. 206
1,080

5, 361
933

4,843
981

5, 065
1,024

5,161
997

5, 046
970

5, 072
875

4, 868
621

5. 675
937

5,287
805

5, 953
837

5, 757
788

5, 626
691

5 663
907

8.92
66
115

9.15
65
115

9.60
65
112

9.47
67
114

10.04
72
114

9.62
63
107

8.72
50
110

8.91
63
111

9.08
64
113

8.70
64
118

9. 57
65
114

8.82
65
121

9.45
64
115

8.58
54
105

9.60
61
109

155
152
93
79
61

169
167
108
89
71
2 217

283
192
139
100
64
5 996

220
147
146
106
49
2,574

163
136
125
98
40
1, 778

132
107
102
80
37
886

120
126
94
97
35
508

133
126
93
67
56
516

120
129
75
61
64
569

160
157
103
85
103
729

154
170
101
83
102
1 115

150
163
107
94
117
1 760

110
105
4 020

76
6 667

69
6 428

280
4, 488

281
4, 416

207
3,237

242
3, 853

214
3,507

307
5, 060

316
5, 259

297
4,981

276
4,611

234
3,882

207
3,405

251
4, 111

243
3 957

696. 5
392 6
236.5
418 3
116.6
65.0

712.8
393.3
251.4
426. 6
121.0
64.0

704.0
396 3
238. 5
424.9
118.2
64.3

711.0
402. 3
239.8
424. 3
122. 5
64.6

707.2
402.4
235. 4
424.4
120. 5
64.7

723.0
405. 7
247. 5
446. 6
118.1
65. 0

718.1
407 1
240.9
428. 7
120.6
65.1

701. 1
403.3
227. 0
417.4
117.8
65.3

735.8
408. 5
256. 8
448.9
119.4
65. 5

720.1
408.9
239.6
426.2
125. 3
65. 7

744.1
413.7
256. 1
447. 6
125.4
66.0

742. 4 1
414 3
254.6
440. 0
127.0
66.1 !

730. 2
409 3
245. 6
430. 2
133.0
66. 3

22. 667 23,042
20, 050 20,282
1, 533 i 1,741

22, 424
19, 957
1,610

21, 735
19, 794
1,120

22, 939
20 610
1,621

21,713
20, 206
216

20, 727
18, 866
590

23, 383
20, 484
1,548

21, 339
19,391
682

22, 976
20, 522
1,139

23, 163
20, 121
1, 785

20, 645
19, 876

2,879
2, 504

3, 077
2, 538
194

3. 164
2, 427
436

2 877
2 4?3
102

4, 439
3,345
942

4,500
3, 436
898

4, 528
3, 459
912

4. 243
3, 478
608 j

1 864
289
4, 624

2

187

r

COMMUNICATIONS
Telephone carriers :
Operating revenues 9
mil $
649. 3
367 2
Station revenues
do
Tolls, message
_
_
do
221.0
Operating expenses (before taxes)
do
393.6
Net operating income _
_ _ . _
. do
108.0
Phones in service, end of year or mo
mil
62.0
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous $
21, 737
18 734
Operating expenses incl depreciation
do
Net operating revenues
do
2, 091
Ocean -cable:
3 050
Operating revenues
do
2, 356
Operating expenses, incl. depreciation
do
395
Net operating revenues
do
Radiotelegraph :
Operating revenues
__
do. _. 3,973
3,021
Operating expenses, incl. depreciation
do
824
Net operating revenues
do

21, 864
19, 495
1,300
3 014
2, 470
225

2 977
2, 527
153

2 955
2, 513
159

2,919
2, 480
141 1

2, 920
2, 426
190

3 105
2, 282
478

3,011
2. 479
220

2, 308
158

3, 155
2, 524
270

4,224
3, 322
750

4, 193
3, 394
657

4, 328
3,348
838

4, 245
3, 318
802

4, 145
3,313
744

4, 655
3, 530
864

4, 275
3, 395
737

4, 051
3, 264
651

4, 613
3,513
947

d S97

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
\cetyienet
mil cu ft
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons__
Carbon dioxide liquid gas and solid
do
Chlorine gas
do

1,009

>• 1.012

977

942

976

965

999

989

848

980

902

984

896

791

376.6
'74.2
357.3

401.0
r
78.4
382.6

380.3
100.8
390.5

364. 8
90.0
371.1

387.3
77.3
390.7

408. 6
66. 6
377.1

429. 5
63.1
369.0

411.8
62.8
368. 8

400.6
57.0
333.4

463. 3
69.2
373.8

460. 2
67.5
384.7

477. 5
83.1
399. 6

442. 5
95. 5
375. 1

411.5
96.7
r
381.6

72 3
80.8
67.1
74.9
73.3
272. 5
295.4
300. 2
285.' 8
301.0
4, 794
4, 618
5. 337
4, 538
4,643
175.0
170.1
192. 6
179.9
205.6
9 Includes data not shown separately,
t Revision for June I960, $43.3 mil.
$See similar note on p. S-25.

76. 7
277.0
5,167
200.7

274^7
5,918
209.2

73.2
254. 6
5,988
181.8

73.1
255. 2
5.799
160. 2

78.4
84.2
79.7
84.5
79.6
Hydrochloric acid (100% HC1)
do____
256.2
255.3
276.3
281.0
288.0
Nitric acid (100% HNO 3 )
._
do
4,702
Oxygen (high purity)
mil cu ft
3,747 r 4, 832
4,640
4,718
184.2
183.4
Phosphoric acid (100% P^O.O
thous. sh. tons__ 156.8
173.9
165. 3
d
l
* Revised,
Deficit.
Quarterly average.
2 Beginning Jan. 1960, data reflect revised definition of visits.
d" Data for Sept., Oct., and Dec. 1960 and Mr.r., June, and Sept. 1961 cover 5 weeks; other
4 weeks.
Digitized formonths,
FRASER



T

417.2

394. 7
83.4
276. 6
174.6

52

SURVEY OF CTJKBENT BUSINESS

October 1961
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

I 1960

S-25

1960

Monthly
average

Aug.

Sept.

1961

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

376 0

Sept.

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Inorganic chemicals, production— Continued
Sodium carbonate (soda ash), synthetic (58%
NagO)._ _. __ __ thous. sh. tons
Sodium bichromate and chromate.- _ _ do
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons
Sodium sulphates (anhydrous, refined; Glauber's
salt; crude salt cake)
thous. sh. tons__
Sulfuric acid (100% I12SO4)J
do
1
Organic chemicals :cf
Acetic acid (synthetic and natural), production
mil. Ib
Acetic anhydride, production
do
Acetylsalicylic acid (aspirin), production do
Alcohol, ethyl:
Production
Stocks, end of month
Used for denaturation

mil proof gal
do
do

Alcohol, denatured:
Production
_
Consumption (withdrawals)
Stocks, end of month

mil. wine galdo
. _ _ do

Creosote oil, production
DDT production
Ethyl acetate (85%), production

mil. gal
mil Ib
do

Ethylene glycol, production
do
Formaldehyde (37% HCHO), production do
Glycerin, refined, all grades:
Production
do
Stocks end of month
do
Methanol, production:
Natural
mil gal
Synthetic
do
Phthalic anhydride, production
mil. Ib

408.7
10. 1
389 7

379 8
10.2
408 0

388 2
9. 0
416 4

383.6
10.4
410 0

360 0

8.8

403 4

341 7
8 3
393 4

9.9

388 9

386 9

336 0
8. 5
352 8

375 5
10.3
399 8

373 3
8 9
414 2

400 8
10.4
434 3

372 2
10.9
394 9

366 3
9 1
406 5

42.9

41.5

45.4

44.2

49.7

43.2

37.1

35.1

36.3

41.7

44.6

55.5

37.0

35.5

364.8

9.6

339 8

418 2

90.5
86.5
92.8
89.7
89.0
91.6
88.5
90.7
83.3
95.7
97.6
92.2
85.6
467. 4 '1,490 3 1 403 7 1,350 1 1 491 0 1,434 7 1,432 3 1 494 0 1 388.7 1, 562 8 1 540 4 1 574 0 1 446 3 r~i~354 6 1~404~3

56.0
91.4

63.9
88 6

64.2
82 4

1.8

1.7

41.2

54 2
130. 3
45.2
1
5. 3

54 9
131 7
48.1
5. 0

59 2
127. 0
46.5
5. 6

22.1
22. 1

24.2
24.3

25.9
25 8

25.0
23.2

3.5

5.3

7.5

7.7

8.4

7.0

13. 1

8.4

13 6
7. 4

14 5

«• 13.7

101.2
145.9

108.3
141.7

22.5
22 7

24.2
27 4

1.5

1.9

1
1

4.6

4.4

60.3
85.7

59.6
77 6

62.9
81 5

61.6
80. 1

59.6
74 4

1.9

2.2

61 9
129.5
41.7
7. 0

53 1
130. 9
43.0
6. 2

52 4
134.5
48.3

51 2
137.9
50.7

22.4
23 9

23.1
21 3

25.9
26. 5

5.3

27.6
25.3

5.8

7.0

7.5

7.7

6.4

6.8

14.2

15 2

13.4

1.7

3.9

14.5

7.8

6.7

121. 5
148.3

115.6
142.8

24.3
29 1

24.5
26 6

8.2

2.0

14 3

7.7

54.5
70.6

67.9
89.6

58.0
82 1

1.6

1.7

44.9
136.5
39.9

51 7
139.9
50.3

21.4
23.4

27.0
26.9

1.7

5.8

62.7
98 2

65.7
100.8

2.0

90 9
1. 1

49 8
141.8
42.5

54 6
154 4
41.5
5. 3

46 0
139.2
41.8

44 2
139 7
41.6
4.2

22.9
22.8

22.3
21 4

22.5
23.1

22.4
22 6

6.9

8.5

8.9

15 8

14.7

6.8

9.5

14 9

6.6

14 2
11.0

8.8

6.1

16 0

6.3

1.8

5.8

111.7
149.4

104.9
135.5

108.8
129.9

119.5
127.1

101.0
124.8

101.3
145.5

95.7
138.3

98.4
148.4

97.0
139.1

94.4
125.7

24.5
26 5

22.9
28 1

20.9
30 0

23.9
32.8

20.2
33.2

23. 3
33. 7

25.6
37 1

23.6
37 9

20.2
34.6

18.6
32 5

2

.1
24 6
33.5

24 3
33.0

919
636
27
536
57

663
16
551
85

311

177
101
48
11
9

139
92
34
15
3

54

124

232

196
383

157
426

185
438

6.0

5.8

2

.1

2

2

9

.2

.2

2

9

26 5
29.2

25 2
29.9

25 1
26.5

27 4
28. 8

27 8

23 3
25.3

24 8
31.0

24 7
34.7

95 ()
36.3

216
614
39
497
71

337
617
74
446
78

380
669
69
467
105

392
386
38
274
49

345
503

349
407
19
296
84

496
18
379
83

1. 430

2,021

1, 441
9

43
435
68

223
129
38
13
42

207
105
30
12
35

142
76
16
17
14

236
142
54
14
30

180
78
0
18
43

116
47
0
9
24

126
63
0
9
14

216
119
11

183

181

105

104

183

119

217
282

221
344

190
372

184
359

218
372

235
424

94 7
31.2

2764

2

6.4

7.1

96 1
33.1

2

9

22 1
29.8

6.6

7.2

6.1

24.4
33 8

FERTILIZERS
Consumption (10 states) §
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials

__ thous. sh. tons
do
do
do
do

Imports, total 9
Nitrogenous materials total 9
Nitrate of soda
Phosphate materials
Potash materials

do
r
^o
do
do
do

Potash deliveries
do
Superphosphate and other phosphatic fertilizers
(100% P 2 Os):
Production
thous sh tons
Stocks, end of month
do

456
56
341
47

780
ofil

49

371
70

439
40
321
67

547

446
44

57
55
439
99

359
194
53
21
61

273
127
40

44

261
135
59
9
54

47

161
83
18
42

27^

126

177

282

309

177

218
434

245
443

240
427

264
349

246
274

241
309

99

r
r

MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
_
do
Industrial finishes
do
Sulfur (native) :
Production
thous Ig tons
Stocks (producers') end of month
do

44

194

128

128

165

195

238

186

133

139

66

73, 892

82, 026

94, 301

86, 103

88, 276

80, 206

79, 907

70,391

67, 046

73, 887

77,714

88, 356

83, 958

81, 360

92, 792

144.0
84.0
60.0

147. 0
85.3
61. 7

168.0
102.7
65.3

149.6
88.4
61.2

138.9
78.2
60.7

126.2
69.5
56.7

109.4
60.9
48.5

125. 5
3 72.8
3 52.7

116. 0
65.7
50.3

146.6
87.5
59.1

151.7
93.2
58.5

169. 8
104.8
65.0

179. 8
112.8
67.0

155. 1
99.5
55. 6

169. 7
103. 6
66. 1

58

86

475

70

379

412

454

373

390

400

477

400

454

444

3 712

3 719

3 655

3 561

3 553

3 669

3 698

3 703

3 776

473

4 069

3 780

3 842

3,830

3 969

4 3
87

4 2
7 6

38

4 8
7 7

4 4
7 1

4 1
7 1

4.8

3.7

4.5
7.6
1

4.4

71

7 5

5.0
7.9
1

4.0

6 7

3. 7
6 3

4.2

6 1

51 1

86.6
'28. 7

38 8
81. 5
20.9

104.5 r 104. 5
33.7
33.6
10.0
9 0

90.4
28.8

357

299

487

SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets
rods and tubes
mil Ib
]V/Ioldin°r and extrusion materials
do

2

1

2

1

1

1

1

1

1

1

Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins

do
do
do

47 1
74.6
32 1

43 1
75.2
27 5

42 1
76.2
27 7

43 9
73.3
29 0

42 5
76.2
27.3

40 0
74.0
25 9

39 3
71.3
23.8

40 8
66.5
24. 0

40 6
62.7
22.4

46 3
71.8
27.0

45 1
79.5
24.8

Vinyl resins
Alkyd resins
Rosin modifications

do
do
do

97.2
46 7
11 9

97.3
30 6
10 7

94.7
30 1
10 9

97.8
30.3
11 2

104.6
30.3
10 8

98.0
26.6
8 7

86.7
25.5
8 6

87.7
25.3
9 3

81.1
24.6

8.8

93.1
28.5
88

97.5
30.6
9 0

15 1
99 6
23 9

13 1
111 3
30 3

11 5
107 0
30 1

10.8
109 3
31 0

12.1
112 9
33 0

11.2
114 1
30 4

11.0
119 7
29 4

9.6

12.1
108 3
31 0

14.1
129 3
35 9

13.6
124 9
38 5

Polyester resins
do
Polyethylene resins
do
isce aneous me . pro ec ive coa ings _.. o _ _ _ .

r
Revised.
» Preliminary.
1 Effective July 1Q60, data for production, stocks, and withdrawals of ethyl alcohol include
amounts
classified
as "spirits"; the 1960 averages shown are based on July-Dec, data.
2
Based on data for 11 States; see note " §".
s Beginning Jan. 1961, trade sales of lacquers (formerly shown with industrial finishes)
are included under trade products.
t Revisions for the indicated items follow (units as above): Jan. 1959-June 1960, Carbon
dioxide—55.6; 53.3; 61.5; 68.5; 80.0; 90.9; 98.5; 97.8; 85.5; 74.2; 62.1; 62.7; 61.2; 60.8; 67.0; 74.0; 85.7;




114 5
31 6

1

49 7
85.9
28.8

15.2
129. 0
37 6

r

13.0
132.8
38 9

6 5

1

9.1

10.9
135. 4
33 7

96.3; Jan.-June 1960—Acetylene—1,096; 1,067; 1,148; 1,025; 1,082; 926; oxygen—5,253; 4,935;
5,371; 5,029; 5,018; 4,740; sulfuric acid—1,615.8; 1,521.3; 1,641.5; 1,559.5; 1,609.8; 1,492.0.
o"Data (except for alcohol) are reported on the basis of 100% content of the specified
material unless otherwise indicated.
§ States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama,
Tennessee, Arkansas, Louisiana, Texas, Oklahoma; also Virginia in 1959 and 1960 monthly
averages. According to quarterly reports from Virginia, consumption in that State is as
follows (thous. sh. tons): 1961—Jan.-Mar., 258; Apr.-Junc, 311.
$ Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

S-26
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1960

1960

Monthly
average

October 1901

Sept.

Aug.

Oct.

1961

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr _ 66, 271
Electric utilities, total
do
59, 167
By iuels
do
47 685
By waterpower
do
11, 482

74, 613
67, 255
55 138
12,117

69, 628
62, 581
51 141
11,440

69, 485
62, 252
51 759
10, 493

68, 271
61,410
50 649
10, 761

72, 997
66, 202
54 9-41
11,261

73, 547
66. 559
55 803
10, 756

65, 746
59, 263
49 018
10 245

71, 742
64, 6-11
50 765
13 876

68, 289
61 280
47 440
13 840

71 . 032
63, 660
49 647
14 013

72, 410
65, 191
51 731
13 460

75, 223
68 20°
54 702
13' 500

78, 965
71 486
58 378
13 108

do ._
do

48, 238
10, 929

51, 268
11,470

55,178
12, 077

51, 575
11, 006

51. 257
10, 996

50, 431
10, 979

54, 169
12, 033

54, 408
12,152

48, 462
10,801

52, 444
12, 196

49, 395
11 886

51, 712
11 948

53, 233
11, 958

55.016
13 186

58, 069
13 417

___do _
do
do _

7.104
6,823
281

7,300
7, 004
296

7,358
7,109
249

7, 047
6 811
236

7,233
6 995
238

6,862
6, 599
263

6,794
6 541
254

6,987
6 720
267

6,484
6 224
259

7,101
6 777
324

7,009
6 682
327

7 371
7 024
347

7,219
6 908
310

7 021
6 765
256

7 479
7 224
255

. do _

52, 229

56, 767

59, 014

58, 820

56, 655

55, 704

57, 491

59, 436

58, 1 01 58,177

57, 212

57 803

58 903

59 527

8,891
25, 732

9,410
28, 270

10,684
29, 064

10, 690
28, 774

9,739
28, 625

9, 225
28, 036

9, 327
27, 882

10,137
27, 387

9, 944
26, 856

10, 275
27, 709

10,129
27. 668

10, 755
28. 593

11 403
29, 332

12 122
28, 797

364
323
398
15 760 15 523 15 760
507
' 459
'494
1 , 303 1,318
1.348
54
67
67

380
14 915
543
1,378
58

386
15 223
582
1,392
50

462
17 001
613
1,420
56

457
19 430
623
1 , 325
77

445
18 839
560
1,386
72

418
17 740
568
1,345
2122

384
17 013
'570
1,320
128

370
16 1?1
'491
1,326
146

358
15 897
471
1 372
139

341
16 313
'478
1,329
146

961.7

947.0

975.0

1,010.9

997.6

981.0

966.8

968. 7

Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower

70, 038
62, 738
50 612
12,126

Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power
Large light and power
Railways and railroads

do
_do

344

do

14 451

Street and highwav lighting
Other public authorities
Interdepartmental
-

489

do
do
-do _

1,184

54

Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $__

881.1

955.2

2 732
2,549

r
2 374
r
2,r 218

987.8

997.0

1

989. 3 1,008.5

GAS

Manufactured and mixed gas ( quarterly) :Jcf
Ci'Stomers end of quarter total 9
thous
Residential
do
Industrial and commercial
do
^ales to consumers total 9
Residential
Industrial and commercial

585
418
162

mil therms
do
do

Revenue from sales to consumers, total 9
Residential
Industrial and commercial

mil $
do
do

Natural gas (quarterly) :cf
Customers end of quarter total 9
Residential
Indnstrial and commercial

thous
do
do

-^aies to consuFiers total 9
Residential
Industrial and commercial

181

mil therms
do
do

77 8
59 9
17 4

T
r

!55

r

T
r
r

568

r 403
r

!62

2 135
1,995
139

945
735
201

542
376
162

114 8
92 3
21 8

67 5
51 5
15 7

r
31.
T
28
r

343
778
2. 525

31,444
28 858
2 550

31,274
28 763
2, 476

T

22, 554
1 414
13, 876

30 345
14 076
14 940

21, 960
7,088
13, 788

'•1,362.4
r
750 3
r
570 0

2, 030. 6
1 289 4
694 7

1,328.7
725. 9
566. 1

r

2, 024
140

289
161
123
r

r

544

r

156

r 74 4
r 57 2

r 29 g

r 53 I

r IQ Q

r 12 5

15 5

29, 1 84 r30 554
26 846 r 28
087
2 304 r 2 431

r

T
27
r

869
2 349

r

r
!6 472
r
2 494
T

21 379 ^22
637
7 007 r 7 558
13,310 r!3 907

Revenue from sales to consumers total ° mil $ 1,184.9
655 1
Residenti?!
do
497 5

2 175
2,029
145

2 385
2,T 230
154

13. 025

T
l, 326.6
r

r
r

734 9
r 553 g

68 8

r
r

" "

328 4
459 6

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl
Taxable withdrawals
do
Stocks end of month
do
Distilled spirits (total) :
Production^
mil. tax gal
Consumption, apparent, for beverage purposes
mil wine sal
Taxable withdrawals§
mil tax gal
Stocks, end of month§
do
Imports
mil. proof gal
Whisky:
Production
mil tax gal
Taxable withdrawals
do
Stocks end of month
do
Rectified spirits and wines, production, total
mil proof gal
Whisky
_
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do
Stocks end of month
do
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks end of month
do
Imports
do
Distilling materials produced at wineries
r
1

do

6 77
6.57
10 02

6.23
6.41
9.45

6 68
6.55
9.13

6 82
5.83
9.74

11.92

16.35

16. 75

15.04

15.41

18 63
10 26
832. 60
3.32

21 42
]2 71
832. 66
4.36

24.72
11 55
835. 00
5.09

27 74
7 70
840. 36
3.75

15.07
7 45
846. 06
2.19

r

7 78
7.32
10 37

9 17
8.99
10 89

7 33
7.52
10 23

3 13 25

10.32

19 56
3
9 90
3 835. 02
3.10
"~2.~ 83"

IS 30
9 54
833. 70
2.82

7 76
7.30
10 29

18 79

9 55
8.94
11.46

8 33
7.36
10.51

8. 45
7.07
11.40

1L59

15.08

16. 14

14.44

15. 60

15. 79

9.83

15 86
8 65
849. 98
2.27

20 24
9 97
853. 80
2.91

18.33
9 34
856. 23
2.54

19 87
10 24
859. 48
2.91

20 93
11 31
861. 58
3.26

17.15
7 96
861. 84
2.44

12 11
6 93
774. 49
2 52

12 41
6 84
806. 44
2 75

7 28
6 64
812.17
2 55

8 75
7 70
810. 75
2 95

11.16
9 98
808. 82
3 84

12.93
8. 78
810. 54
4 54

12.61
5.75
815.50
3 33

13.10
5.56
821.30
1 90

12.89
6.50
825. 47
2 01

13.07
6.93
829. 42
2 54

11.57
6.38
832. 29
2 24

12.35
6. 78
835. 97
2 57

11.92
7.31
838. 41
2 90

7.26
5.09
839. OP
2 15

6 86
5.42

7 05
5.39

6 59
5.06

7 79
6.06

10 13
8.14

8.87
7.10

5.74
4.17

5.06
3.58

6.39
4.91

6.78
5.16

6.43
4.80

6.98
5.20

7.77
5.87

5.46
4.01

29
.26

33
.28

25
.22

27
.27

.43
.23

.37
.22

.35
.22

.53
.28

.16
.16

2 05

2 45

2 74

2 31

2 16

2 34

.36
.16

2 55

.27
.48

.31
.43

2 80

24
.40

.17

.06

2 63

10

.14

2 51

06

.06

.04

08

04

14.22
11 94
171.55

13.83
12 44
176.15

4.47
11.46
125. 73

70.47
13.35
226. 13
98

12.21
14.83
219. 42
1.27

7.35
12.99
208. 77
1.03

2.77
11.77
200. 88
. 70

2.82
11.88
188. 57

2.56
15.28
177.23

.72

56.86
13 28
168. 52
74

.65

.91

28 36

27 57

17 97

117 04

125 57

29.79

18.14

3.73

2.86

1.29

07

75

82

Revised.
*> Preliminary.
Effective Jan. 1961, data formerly reported separately as rural have been assigned to
other2 appropriate classifications; prior to 1961, such data are included in total sales only.
Beginning Mar. 1961, data include sales not previously reported.
3
See note "§".
tRevised data for 1st and 2d quarters of 1960 will be shown later.




8 96

9.63
9.20
11.42

6 21
5.57
10. 00

.33
.32

2.75

2.72

2.92

.05

.08

.07

2.20
11.86
164. 93

1.98
12.47
156.42

1.93
13.41
140. 68

.81

.93

.93

.50

1.14

.91

2 91

9.41
9.16
11.13

.35
.26
2.95

.05
.85
9. 14
134. 10

5.00
12.93
123. 45

.78
1.79

14.31

c?The 1959 and 1960 averages shown for gas are quarterly averages.
9 Includes data not shown separately.
§ Effective July 1960, data for production, withdrawals, and stocks of distilled spirits
with ethyl alcohol (p.
exclude
;lude amounts classified as "spirits";
sp:
such amounts arej included
in
S-25). The averages shown are for July-Dec.

SUKVEY OF CURRENT BUSINESS

October 1961

1959 | 1960

Unless otherwise stated, statistics through I960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

S-27
1961

1960

Monthly
average

Sept.

Aug.

Nov.

Oct.

Jan.

Dec.

Feb.

Mar.

May

Apr.

June

July

Aug.

Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) |
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total J
American, whole milk!

.mil. Ib
do
$ per lb__
_

mil. Ib
.do __

Stocks, cold storage, end of month, total
do
American, whole milk
do
Imports
._
_ __
do
Price, wholesale, American, single daisies (Chicago) .
__ $ per Ib
Condensed and evaporated milk:
Production, case goods: t
Condensed (sweetened)
_ _mil. lb_
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
mil Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
_
do
Price, manufacturers' average selling:
Evaporated (unsweetened)
$ per case
Fluid milk:
Production on farms
mil Ib
Utilization in mfd. dairy productsc?
do
Price, wholesale, U.S. average
$ per 100 l b _ _
Dry milk:
Production:^
Dry whole milk
_ _
mil. Ib.
Nonfat, dry milk (hum an food)
do
Stocks, manufacturers', end of month:
Drv whole milk
do
Nonfat dry milk (human food) _ _ - do _
Exports:
Drv whole milk
do
Nonfat drv milk (human food)
do
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ Dcr Ib
GRAIN AND GRAIN PRODUCTS
Export^ (barley corn oats rye wheat)
mil bu
Barley:
Production (crop estimate)

do

Stocks (domestic), end of quarter, total
do
On farms
do
Off farms
do
Exports, including maltS
_ do .
Prices, wholesale (Minneapolis):
No 2, malting
_ __
$ per bu
No 3 straight
do
Corn:
Production (crop estimate)
Orindirigs wet process

mil bu
do

Stocks (domestic), end of quarter, total
mil bu
On farms
do
OiT farms
do
Exports including meal and
flour
do
Prices, wholesale:
No 3 yellow (Chicago)
$ per bu
Weighted avg., 5 markets, all grades
--do
Oats:
Production (crop estimate)

-

Stocks (domestic) end of quarter total
On farms
Off farms
Exports, including oatmeal
__
Price, wholesale, No. 3, white (Chicago)

111. 1
86 1
.606

mil bu

r

'96.4
169. 3
.598

114.4
106.5
.599

'94.4
116 0
.616

'82.5
135. 5
.618

115.1 ' 123. 2 ' 121.0 * 108. 0 ' 110. 7
78.5 ' 83.0 '84.4 ' 71.5 '70.2

' 108. 9 ' 121 . 6 ••117. 5
75.7
80. 3
76 8
.611
.619
.611

r

' 135. 8 ' 155. 2
121.2
158.7
.612
.612

153.8
217.8
.612

130.0
249.8
.612

108.5
' 256. 5
.614

105. 8
'66.3

r

' 139. 8 ' 147. 9 r 175. 3
'94.7 ' 106. 0 ' 128. 7

175.9
132.1

148.1
110.0

133.7
97.6

119. 6
76.2

r

' 122. 0 r 114.1
r82.8 ' 76.7

132. 3
98.0
.612

239. 1
.614

318.2
280.4
5.3

316.8
277.3

358.9
317.9
4.4

346. 2
304.2

5.0

333.0
291.7
7.1

328.8
287. 7
8.1

332.6
292. 0
7.4

327. 6
287. 0

7.3

332.4
293.5
6.8

341.1
302.3

5.6

368.3
324.9
6.6

406.9
357.0
5.2

4*52.8
400.3
7.5

481.9
424.0

5.3

'511.0
' 448. 4

498. 0
438. 0

.387

.414

.401

.430

.438

.438

.438

.434

.412

.418

.422

.411

.408

.408

.410

.413

'5. 7
181. 4

5.5
202.8

5.7

6.0

5.5

5.7

6.1

139.2

139.6

131.3

181.2

7.1
266.5

5.8
252 A

6.0

160.2

5.6
206.7

5.5

170.9

213.9

188.6

5.5

4.9
208.8

6.8

319. 6

353. 5

6.9
367.2

3.9
11.8

4.4
8.5

6 29

6.29

6 29

11,941 11,014
' 5. 444 4. 593
4.03
3.86

10 263
3,954
4.17

5.1
189.0

r

6.0

4.8

141.3

5.5

5.2
235. 6

5.5
364.7

5.5

5.8

5.5

319.2

218.3

154. 9

5.7

341.2

6.3
293.4

5.1

235. 7

125.5

83.1

111.0

3.2
6.9

3.5
8.4

3.9
6.8

3.3
6.2

3.2

4.7
8.2

2.5

11.1

14.0

3.3
9.4

5.2
3.8

4.6
4.4

12.9

12.0

6 33

6 33

6.32

6 31

6.31

6.32

6.29

6 20

6 34

6 31

6 32

6 33

10 166
r
3, 878
4.16

10 243
r
3, 968
4.21

10 006
r
3, 608
4.14

9 352
3, 132
4.42

9 365
3, 368
4.57

r 8. 2
7.5
143.3 ' 151.5

r

r

'7.0

' 8. 2

121.6

' 96. 8

6.4
101.6

6.4
121.5

6.4
137.1

5.3
113. 8

21
23 3

16 6

17
17 9

13 6

.136

.137

. 134

67 7

77 5

T

6.5

9, 859
9, 495
8 974
' 3. 283 ' 3, 722 r 4, 025
4.45
4.59
4.65

' 8. 5 ' 7.8
'9.0
' 107. 9 ' 106. 6 ^ 133. 9

r

9, 381 10, 843
' 3, 838 T 4, 488
4.18
4.31

7.4

2.9

4.7

11, 168 12, 278
' 4, 694 r 5, 498
3.92
4.01

3.9

'8.4
'6.4
'7.0
'•6.6
'6.8
1 49. 6 ' 148. 3 ' 179. 5 ' 194. 8 ' 230. 5

7.6
233.8

5.8
182.6

6.1
142. 4

7.3
103. 1

6.7
156. 0

10. 7
157. 2

8.3
176. 4

6.6
152.1

4.9
110.2

5.6
101.7

6.9
103.1

1.9

1. 1
21 1

.4

3.2

1.4

.9

2

23 0

19 3

1.3

35 1

11 6

13 4

10 4

21.7

2 8
32 3

26 9

.136

.138

.139

. 140

.139

.139

.143

.155

.158

.159

.158

68 7

83 2

81 3

86 7

86 2

76.9

94 4

109 2

89 1

96.3

76 7

80 0

1.7

6. 1
109. 0

5.8
104.9

5.8
127.2

9 617

v 4. 35 "

1.6
.160

i 422 ]

1

427 0

33 327. 8
171 4
3 15Q 4
9.8

3
3

308. 4
164 8

3 J43 Q

7.8

6.0

468.2
280 1
188 2
9.7

9.3

7.4

6.6

6.3

7.5

5.7

8.4

8.4

4.5

3.7

1.19
1 14

1.14
1.06

1.12
1 03

1.12
1.01

1.15
1 07

1.12
1 02

1.13
1.04

1.14
1.04

1.14
1 05

1.14
1.06

1.18
1.10

1.19
1.10

1.21
1.12

1.45
1 33

1.43
1.35

1.47
1 40

4, 281 i 3, 891
12 8
12 8

13 7

13 1

13 9

12 4

11 0

12 2

11 9

13 4

12 0

13 4

13 8

12 7

14 6

2 3 527
13 4

20 0

4 14 789
454
4 1 335
13 7

16 6

27 8

4,700
3,060
1 641
28 6

19.6

19 0

3, 655
2,076
1 580
30.1

24.7

23.9

2,809
1,439
1 370
21 4

17 2

1 06
1.01

.96
.94

1.10
1.04

1 13
1.05

1.11
1.04

1.08
1.01

1.13
1.07

1 12
1.08

1.14
1.10

1.12
1.08

1 10
1.06

1

3
3

2, 781
1, 575
3 i 207
18 4

3
3
3

1 20
1.14
1

1, 066
3

702
3

do
do
do

3 096
1,716
1 381
18 5

1.14
1.06
1

2 380 4

I 18
1, 11

1 16
1.04

354. 6
202 1
152 5

1 02

.99

244. 7
126 6
118 1

-

-

4

152. 1
4
64 2
4
87 9

2 994

1, 151
3
3

4 324
4
267
4 57

556
482
74

851
766
85

3

672
595
3 77

do

4 0

29

4 1

5 6

38

16

11

1.0

28

2.3

.7

2.8

1i

1.6

$perbu._

.71

.72

.68

.65

.64

5

.66

.65

.66

.60

.64

.68

.66

.72

53 4

i 54 g

99
62

100
60

Rice:
Production (crop estimate)
mil bags 9
California mills:
Receipts, domestic, rough
mil. lb.
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
mil. Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts rough from producers
mil Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
__
mil Ib
Exports.
_ _
.-do
Price, wholesale, head, clean (N.O.)— $ per lb__

618
84

1

1 085

963
121

()

.68

.68
2 54 7

70
33

36
25

212
39

64
48

123
99

130
77

97
71

101
76

50
63

76
51

88
69

114
70

129
70

60

100

62

59

130

141

126

133

126

119

87

85

77

83

97

285
171

338
231

100
99

1,245

1,334

321

457
272

271
344

148
257

126
241

112
271

78
216

53
204

46
126

24
156

158
102

877
126

845
163

209
43

832
69

1,403

1,472

1,322

1,176

214

250

245

154

843
226

616
190

455
203

.088

.081

.077

.078

.079

.081

.083

385
65

.079

.083

.084

.085

.085

.087

(5)

1.09

25 6
1.09

1.10

1.12

20 1
1.15

14 1
1.12

1.22

201

188

Rye:
122.3 3132.5
Production (crop estimate) - mil. bu_
3
19 9
21 4
35 5
Stocks (domestic) end of quarter total
do
1.26
1.13
1.07
1.11
1.11
Price, wholesale, No. 2 (Minneapolis)
$ per bu__
r
Revised.
p
Preliminary.
1
2
3
Crop estimate for the year.
Oct. 1 estimate of the 1961 crop.
Quarterly average.
4
Old crop only; new crop not reported
until beginning of new crop year (July for barley,
6
oats, rye, and wheat; Oct. for corn).
No quotation.
^Revisions for Jan.-July 1960 for production items (mil. Ib.): Butter, 117.9; 119.0; 130.3;
128.0; 148.0; 139.7; 114.9; cheese—total, 102.1; 104.1; 122.7; 133.3; 158.1; 157.9; 134.4; American,




r

'93.9
90.6
.623

1,029

4

T

252
96

258

(~5)
2 25 9

1.21
1.24
()
62.8; 66.1; 79.8; 92.7; 115.1; 114.9; 96.3; condensed milk, 4.8; 5.0; 6.1; 6.7; 6.3; 5.7; 5.7; evaporated
milk, 132.7; 137.2; 159.3; 202.6; 265.0; 245.1; 222.6; dry milk—whole, 8.3; 7.3; 8.7; 8.5; 9.2; 8.8; 6.7;
nonfat (human food), 151.3; 157.9; 170.0; 184.3; 222.5; 206.9; 158.7.
cf Revisions for Jan. 1955-July 1960 are available upon request.
^Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
1.13

SURVEY OF CUREENT BUSINESS

S-28

1959 I 1960

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

October 1961

1960

Monthly
average

Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Sept.

Aug.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution (quarterly total)

mil bu
do
do
do

Stocks (domestic), end of quarter, total
On farms
Off farms

do
do
do

Exports, total, including
Wheat only

do
do

flour

1, 127
1203
*924
3
270

1

1,3 711
295
31,416

3

1

3

1

2

1, 350
*246
1,3 104
295

2

1,822
3
318
3
1, 504

319

280

366

2, 345

2,067
421
1,646

1, 705

4

1,449

4

550

1,795

1,211
2
153
1, 058

301

256

14 407
136
1, 271

48.0
42.0

38.5
34.5

53.8
48.5

50.8
45.3

49.6
42.2

49.8
41.0

49.7
44.8

64.4
57.1

70.3
61.3

54.0
48.9

59.7
52.7

49.2
45.4

57.4
50.6

2.21
2.02
1.77
2.17

2.12
1.94
1.82
2.11

2.15
1.98
1.85
2.13

2.16
1.99
1.95
2.15

2.15
2.01
(5)
2.13

2.14
2.02
2.07
2.14

2.15
2.04
2.14
2.14

2.15
2.05
2.13
2.12

2.15
2.02
2.11
2.13

2.17
2.00
(5)
2.16

2.22
1.96
1.78
2.18

2.27
1.92
1.90
2.21

2.34
1.98
1.87
2.11

2.30
2.04
1.97
2.34

21,262
92.4
402
48, 560

22, 194
89.5
422
50, 810

21, 804
96.1
411
49, 801

23, 496
103.6
440
53, 610

22, 374
98.6
417
50,837

21, 800
95.9
406
49. 585

22, 678
99.4
422
51,542

21,285
98.4
393
48, 251

22, 722
91.0
418
51, 499

18, 744
86.1
346
42, 492

20, 790
87.0
386
47,211

20, 381
"85.1
380
46, 276

20, 782
91.0
390
47,310

23, 798
94.7
451
54, 418

4, 443
2,613

"I," 724

4,367
2,281

2,397

3,227

4,709
3,818

2,127

3,200

4,849
3,918

2,219

3,030

4,234
1,645

2,954

5. 322
4.992

5.250
4.983

5.300
5.083

5.330
5.090

5.303
5.033

5. 328
5. 050

5.280
5.017

5. 315
5.050

5. 335
5.033

5.433
5.050

5.473
5.033

5.570
5.050

406
1.455
1, 860
536

438
1,616
1, 845
506

450
1,787
1,992
388

514
1, 782
2, 092
783

516
1, 746
2, 605
1,319

502
1,625
2, 086
884

451
1. 576
1,634
541

427
1,632
1,826
476

385
1,435
1,397
311

457
1,627
1,629
402

378
1,502
1, 541
371

381
1,754
1, 751
339

364
1, 785
1, 560
274

27. 53
25. 61
32. 00

25.93
22. 93
28. 50

24. 75
21.23
24.50

24. 62
20.91
25. 50

24. 83
21. 59
25. 50

26. 00
22. 54
28. 00

26. 61
23. 61
30. 00

27.02
24. 29
33. 50

25. 84
23.70
36. 50

25 32
24. 50
32.50

24. 73
24.38
30.00

23. 09
23. 06
28. 50

22.30
21.81
26.00

5, 726
2, 896

5, 513
2,577

5,203
2,466

5, 165
2,330

5, 407
2,451

5, 707
2, 597

5, 753
2, 615

5, 744
2, 586

5, 078
2, 234

6,110
2,530

5, 048
2,248

5, 597
2,569

5,093
2, 363

4,320
2,056

5,114
2.308

14.12

15.50

16. 14

16.07

17. 04

17.06

16. 68

16. 82

17.74

17.26

16. 90

16. 19

15. 91

16.60

17.19

17.69

19.2

18.1

17.1

17.6

16.9

17.5

15.7

15.2

15.7

16.5

16.8

35.0
29.8

Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
2.26
2.02
No 2, hard winter (Kansas City)
do
1.93
No 2, red winter (St Louis)
_
do
2.20
Weighted avg., 6 markets, all grades
do
Wheat flour:
Production:
Flour
thous sacks (100 lb.)._ 20, 881
91.2
Operations, percent of capacity
Offal
thous sh tons
392
Grindings of wheat
thous bu
47, 571
Stocks held by mills, end of quarter
thous. sacks (1001b.)__ 3 4, 666
2 273
Exports
do
Prices, wholesale:
Spring, standard patents (Minneapolis)
5. 534
$ per 100 Ib
Winter, hard, 95% patents (Kans. City) .. do
5.061

3

2.38
2.07
1.94
2.41

5.598 p 5. 626
"5.217 v 5. 335

LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous animals
Cattle
do
Receipts, principal markets.
do ___
Shipments, feeder, to 8 corn-belt States,. - do
P ri ces , wholesale :
Beef steers (Chicago)
$por!001b__
Steers, stocker and feeder (Kansas C i t v ) _ _ d o
Calves, vcalers (Natl. Stockyards, 111.). -.do
Hogs:
Slaughter (federally inspected) ...thous. animals__
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
$per!00lb__
Ifog-corn price ratio (bu. of corn equal in value
to 100 Ib live hog)
Sheep and lambs:
Slaughter (federally inspected)___thous. animals. .
Receipts, principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 l b _ _
Lambs, feeder, good and choice (Omaha) _do

341
1, 628
1, 573
'254

421
1, 803
1,847

22. 23
24.01
21.70
22.94
" 25. 50 P 28. 00

24.21
22.61

13.2

15.3

15.2

14.8

16.9

1,122
1,082
255

1,170
1,044
291

1, 240
1, 165
474

1,323
1,457
722

1, 353
1.507
616

1. 192
1,005
215

1,114
889
184

1,300
1,003
177

1,117
835
128

1,311
938
119

1,247
988
157

1,358
1,152
212

1, 252
864
142

1,126
860
M96

1 290
1,052
372

20. 93
19. 32

r 19. 26

18. 26

18.25
17. 21

16.50
17.34

16.50
15.98

16. 50
15.95

16. 50
15.78

17. 25
16.59

17. 25
16.96

16. 50
16. 65

15.25
15. 75

18.75
14.04

19. 25
14.95

17. 75
14.44

17. 75
14.01

2,023

2, 066

2,097

2,081

2,110

2,112

2,] 00

2,154

1,879

2,211

1, 945

2,245

2,171

1,898

2,117

531
80
81

525
87
63

461
88
94

403
89
68

402
103
56

410
78
43

423
89
51

444
75
59

470
74
50

477
69
71

529
58
80

523
79
63

496
78
93

444
94
92

'392

373

952.5 1, 120. 3 1, 132. 9 1, 032. 3 1,130.0
164. 4
165.9
166. 4
168.7 " 175. 5
2.5
1.9
2.6
2.6
67.3
67.6
41.6
53.5

174.3

16. 62
14.66

MEATS
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
month
- _ _
-mil. lb-Exports (including lard)
do
Imports (excluding lard)
do

Beef and veal:
977.2 1,035.0
919. 8 1,005.4 1,091.6 1, 094. 5 1,074.1 1,002.4
Production inspected slaughter
do
168.2
182. 2
183.5
182.7
171.2
160.9
173.4
183.2
Stocks cold storage, end of month
do
3.0
2.9
2.6
3.1
2.8
2.4
2.6
2.3
Exports
do
34.5
24.8
36.3
28.6
48.6
40.9
70.7
52.2
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
.476
.421
. 438
.459
.425
.433
.451
.473
(000-700 Ibs.) (New York)
$ per lb._
Lamb and mutton:
56.6
65.0
62.1
54.1
59.3
56.5
55.6
53.7
Production inspected slaughter
mil Ib
12.3
12.4
12.4
12.3
13.4
12.6
12.2
13.6
Stocks cold storage, end of month
do
Pork (including lard) , production, inspected slaugh974.2 1,053.4 1,069.2 1,053.9
927.1
ter
mil Ib 1,049.2 1,005.3 949.0
Pork (excluding lard) :
804.3
808.5
81 6. 2
744.6
715. 7
704.0
762.4
786. 0
Production, inspected slaughter
do
200.4
153.6
170.2
143.9
157.8
220.7
271.1
268. 5
Stocks cold storage end of month
_
do
7.3
7.2
6.6
6.4
7.1
5.8
4.3
5.9
Exports
do
13.5
13.4
14.6
13.8
12.6
14.3
13.2
14.6
Imports
do
Prices, wholesale:
.491
.472
.476
.526
.472
.445
.469
.478
Hams, smoked, composite
$ perlb__
.505
.489
.490
.525
.520
.485
.471
.448
Fresh loins, 8-12 Ib. average (New York)_do
Lard:
184.4
182.8
178.8
167.4
162.1
177.3
169.8
192.4
Production inspected slaughter
mil Ib
93.5
83.4
72.4
114.3
92.5
108.9
119.1
119.8
Stocks, dry and cold storage, end of mo
do
49.4
40.5
33.0
57.9
42.3
51.7
51.2
50.3
Exports
do--f Revised.
» Preliminary.
Crop estimate for the year.
1




2

Oct. 1 estimate of 1961 crop.

3

Quarterly average.

908.9 1, 042. 4
153.4
157.0
2.4
2.8
42.6
31.0
.458

.444

57.1
11.8

66.9
17.6

913.4 1,101.4

.434

.415

.400

.391

.410

.410

63.0
22.0

65.5
24.3

57.4
26.0

50.6
24.8

57.6
"23.0

21.3

930.0 1,059.1

981.2

814.8

929.6

696.2
235. 6
6.7
12.7

840.2
243.7
4.6
17.6

700.7
269.8
4.9
12.6

793.1
268.6
3.9
12.2

729.1
239.8
6.4
14.4

612.6
189.1
6.0
14.0

710.7
" 107. 0

95.0

.487
.490

.486
.457

.459
.456

.456
.456

.440
.470

.450
.514

p. 466
.488

.497

158.9
112.4
40.0

191.5
141.2
33.9

166.7
153.1
26.1

193. 5
149.1
41.0

184.1
149.6
31.9

148.5
126.9
49.0

159. 0
114.1

* Old crop only; new grain not reported until beginning of new crop year (July for wheat).
No quotation.

5

SURVEY OF CURRENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

S-29

1960
Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)!
mil. Ib _
Stocks, cold storage (frozen), end of month
do_...
Turkeys
do
Price, in Georgia producing area, live broilers
$ per lb__
Eggs:
Production on farms
mil. casesO.
Stocks, cold storage, end of month:
Shell
thous. casesO-Frozen
mil Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz

496

'512

'623

656

718

638

518

477

378

460

491

602

632

629

725

270
123

249
135

201
113

293
186

414
282

353
210

301
160

298
169

268
152

229
126

206
108

188
94

209
106

244
128

' 318
' 189

416
268

.153

.162

.160

.150

.151

.149

.148

.155

.170

.163

.148

.135

.120

.118

.123

.110

14.7

14 2

13.3

12 6

13.0

13.1

14.0

14 3

13.5

15.7

15 3

15 4

14.2

13.9

13.5

13.0

495
103

474
111

746
158

483
140

269
114

96
87

76
64

80
54

49
49

49
54

78
67

238
92

365
113

314
113

280
108

228
99

312

372

367

458

493

523

447

370

387

353

325

308

326

347

366

18.0
.362

20.5
.286

20.1
.283

17 6
.290

15.3
.295

15.5
.293

21.5
.255

33 3
.228

31 0
.226

32 5
.205

39 3
.229

39 8
.230

43.2
.215

48.4
'.223

.212

.215

3 108
i 5 474
1,839
770

2, 031
1 057

3 440
5, 083
1,963
863

2, 078

1,826

3 204
5 774
1 . 828

1 951

1,717

642

2 965
5 998
2 234
841

1 771
749

1,712
519

3 145
5 321
2,048
669

1,632
481

. 369
100

.364
r
86

. 369
135

.368
199

. 365
1°8

. 366
110

.368
106

.369
106

.378
103

.373
87

.375
88

.378
80

.375
r
65

. 365
90

.352

195

191

211

999

223

172

157

150

158

170

189

' 199

2, 506

2,640

2,564

2, 305

2,325

4,280

4,215

4, 430

4,365

4, 490

235
536
161

256
463
145

62
296
250

44
296
215

45
310
209

773
765
8
1,561

778
772
6
1,750
401

899
882
10
1,175
495

338
237
79

355
160
88

41
31

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
__thous Ig. tons__
Price, wholesale, Accra (New York)
$ per lb__

Coffee (green):
Inventories (roasters', importers', dealers'), end
of quarter
thous bagscf
i 9 832
Roastings (green weight) quarterlv total do
i 5 424
Imports
_.
do
1,932
From Bra/il
do
880
Price, wholesale, Santos, No. 4 (New York)
$ per l b _ _
.376
Confectionery manufacturers' sales
mil $
96
Fish:
Stocks cold storage end of month
mil Ib
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons__
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
thous sh tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico.
do
Deliveries total
do
For domestic consumption
do_
For export and livestock feed
do
Stocks, raw and refined, end of month, do
Export^
^h tori^
Imports:
Raw suu'ar, total 9
thous ^h. tons
From Cuba
do
From Philippine Islands
do
Refined sugar, total
From Cuba
Prices (New York):
Raw, wholesale
Refined:
Retail §
Wholesale (excl. excise tax)
Tea import^

do
do

1

784

546

730

621

9

9

30

°04

2,086

1,661

1,335

1,415

1?8
203
141

651

868

768

843
838

704
700
5

685
683

984
308

328
3
193

344

36
24

°7
4

.063

37

9

r

82
41

362
83

89

51
173
118

48
195
140

88
739
308

55
474
332

717
4

630
626
4

1,946
lc>3

2, 327
°76

2. 337
°62

2,124
389

686
681
5
2.012
457

969
962

1,365
291

651
646
5
2.209
359

765
758

9

197
0
42

352

276
0
35

218
0

337
0
104

471

o

217

25

164

117

330
0
141

327
0
120

430
0
138

24
G

23
1

20

15
0

19
0

145
134

o

112
59

o

46

9

6

(2)

(2)

^

(]

o

o

o

8

21

12

o

o

1.785
375

o

' 3, 725 3,225

318
242

831
876
8°2
866
o
10
1, 559 '1,387 v 1, 120
608
591

$ per Ib

.062

.064

. 066

. 064

.065

.064

.064

.063

.062

.062

.065

.065

.064

.060

$ per 5 Ib
$ per Ib
thous Ib

551
.086
9 140

r

553
.087
9 598

565
090
9 132

568

571

589

.090
7 845

.088
9 710

573

.090
9 132

.090
8 050

571

.088
8 993

573
.088
7 734

574
.088
10 630

573
.087
8 997

. 573
.087
9,331

.574
.088
7,699

.580
.087
8,830

573
P .087

187.7

192 7

218 1

189 4

205 1

193 5

186 9

199 1

209 9

211 8

188 6

205.8

185.9

138.0

220.6

120.3

115 2

108 3

111 8

117 9

105 2

120 3

106 1

101 1

119 0

132 7

139.1

128.1

102.6

107.3

146.3

147 4

164 9

133.6

138 9

140.7

156 1

172 4

159.4

184 5

162.4

183.8

170.4

171.8

173.3

50 2

51 4

48 6

41 2

42 6

42 8

57 1

73 2

110 6

157 8

181 9

190.7

153. 7

174.2

142.7

134.3

141 3

135 2

134 6

150 3

148.4

158 3

175 3

155. 9

139 2

128.8

138.7

132.9

123.5

130.5

35.2

35.4

33.5

33.7

32.9

31.4

32.6

35.3

35.9

42.8

34.5

40.5

45.4

36.6

35.6

.238

3.235

.235

.235

.245

.247

.257

.267

.267

.275

.275

.275

P .270

30.0
28 2

27.6
22 6

28.0
27 6

30.7
28.3

27.2
24.7

30.0
26. 1

34.9
33.8

35.5
29.5

34.8
29.3

41.3
30.6

37.0
30.6

31.5
27.2

39.6
38.7

Baking or frying fats (incl. shortening):
Production
mil. Ib
Stocks (producers' and warehouse), end of month
mil. Ib
Salad or cooking oils:
Production
__
_
do_
Stocks (producers' and warehouse), end of month
mil Ib
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. lb._
Price, wholesale (colored; delivered; eastern U.S.)
$ per lb._

.250

.061

FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered)
mil. lb__
Consumption in end products
do_
Stocks (factory and warehouse), end of month
mil Ib
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil Ib
Fish and marine mammal oils:
Production
do
Consumption in 6nd products
do
Stocks (factory and warehouse), end of month
mil. lb._
r

26.8
23.7

27.7
24.6

26 3

25 2

23 8

27 0

24 7

24 8

26 4

24 9

24 2

26 3

25 5

31 2

31.0

33 5

29 7

265. 2
147 9

252. 1
151 6

255 0
161 4

254 3
157 5

249 6
161 5

257. 8
151 8

251.8
147 0

261.1
141 9

249. 9
136 6

290.5
150 6

275. 4
145 8

308.8
150 1

310.4
155.4

280.5
106 0

323.0
152 2

315 2

319 3

310 7

342 7

339 (5

330 8

304 8

338 4

347 1

348 5

333 7

349 8

329. 1

371 0

374 6

15.8
7 7

16.5
84

36 8
10 6

29 5
91

9.0

7.8

.5

8 5

8 5

9 3

.3
8 4

.5
9 4

3.3
9 7

32.8
10 9

47.2
11.3

120.1

93.4

95.0

109.5

9

27
83

96.0

Revised.
v Preliminary.
2
* Quarterly average.
Less than 500 tons.
3
Beginning Sept. 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
JRevisions for Jan.-July 1960 (mil. Ib.): 387; 361; 392; 403; 460; 481; 508.




' 56. 6
' 10 0

42.8
89

108.9 ' 155. 7 159.9
85.6
71.8
92.3
84.3
84.2
73.3
O Cases of 30 dozen.
d"Bags of 132.276 Ib.
9 Includes data not shown separately.
§Price for New York and Northeastern New
Jersey.
AFor data on lard, see p. S-28.
87.1

SURVEY OF CURRENT BUSINESS

S-30
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

Monthly
average

October 1961
1961

1960
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

FOOD AND KINDRED PRODUCTS; TOBACCO

Mar.

Apr. 1
!

May

June

July

Aug.

Sept.

Continued

FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined):
Exports
mil Ib
Imports
do
Coconut oil:
Production:
Crude
lo
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and varehouse), end of month
m 1 11)
Imports
do
Corn oil:
Production:
Crude
__
do
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil 11)
Cottonseed cake and meal:
Production
thous. sh. tons._
Stocks (at oil mills), end of month
do
Cottonseed oil:
Production:
Crude
mil Ib
Refined .
do
Consumption in end products
do
Stocks, fcrude and refined (factory and warehouse) ,
end o month
mil Ib
Price, wholesale (drums' N Y )
$ per Ib

131 8
44 7

14? 4
43 9

241 6
37 0

59 4
52 5

71 2
47 6

138 3
40 ?

156 0
48 1

129 9
38.7

86 8
46 5

49 4
41 0

149 1
36.2

45.4

121 0
30 5

84. 4
56.2

37 2
32 1
50 0

41 3
33 3
49 8

47 9
36 8
54.7

35 9
32 6
49.5

45 8
36 3
53 1

44 8
35 4
48.0

46 2
30 0
42. P

50 6
3J 4
45.3

37 2
29 9
43.8

33 7
35 ?
51.4

29 7
37 9
54.0

43 9
43 9
62.6

38 0
45 2
60.9

45 9
38 7
50.9

47 C
47 2
63.2

49 9

i 321 9
13 0

327.0

321 2
15 6

328. 5
16 1

338. 6
16 3

357. 9
13 8

340. 3
12 5

289.0
5 2

295. 7
17.4

294.3

6 6

316.6
6 7

306.4

89

322. 6
16 5

339.8

16 4
26 8
25 6
25 4

27 5
25 7
26 3

29 6
32 0
29 5

27 4
25 5
26 5

28 0
97 o
?9 3

26 8
25 1
29 2

24 2
24 3
25 3

25.6
27 9
24.9

24 6
24 5
25 2

27.1
26 5
26 8

28 1
26 3
24 8

29.5
25 3
25.7

30 0
25 8
25 4

26.9
24 1
24 7

30.7
31 5
31. 1

29 1

35 2

37 7

38 7

37 9

33 4

33 2

32.8

32 7

36 4

36 5

42 9

40 5

40 5

35.1

190.4
120.8

207.8

68. 6
157.7

189. 3
137.1

352. 2
167 9

345. 7
199.7

287.5

309.8

247. 4

138.1

172.4

197. 8

227 2

239.6

272. 0

270.5

245.5

85.0
196.9

66. 6
142. 6

140 6
106 2
91 2

151 4
121 4
102 1

48 8
55 9
107 6

133 3
71 5
91 8

257 5
160 7
109 0

249 0
176. 7
112 2

205 8
159 4
113 7

223 8
172.9
119 7

179 0
149. 0
118 6

163 5
166. 9
128 6

137.7
138.2
107 8

100.8
118.6
108 6

60. 4
80.0
102 5

48.1
55.9
86 5

47.8
105 4

338 6

384 4

200 0

216 8
145

392 f>
148

389 6

425 8

156

159

433 5
. 170

463 4
. 180

447 6
.184

432 6
. 194

379 1
.201

313 1
. 184

2-19 8
. 195

182 8
P. 191

151

153

224.9

189.3

11 4

68.6 __
89.4

_

4*0

Linseed oil:
38 6
36 4
33 7
Production crude (raw)
mil Ib
40 6
33 3
34 8
37 9
21 7
26 1
30 8
31 4
30 6
43 0
45 0
41 7
37 5
35.7
Consumption in end products
do
26. 4
32. 6
35.2
35.3
38.0
31.3
32.0
34.7
25.8
25. 5
27 3
30.0
31 7
Stocks, crude and refined (factory and warehouse) .
104 3
90. 6
104 3
105 1
94 3
end of month
mil Ib
92 9
106 7
110 8
61 2
96 9
103 ?
128 6
71 0
80 6
194
. 130
. 158
j^O
. i?o
.133
131
. 125
Price, wholesale (Minneapolis)
$ per Ib
. 132
126
. 123
. 137
131
. 131
. 131
Soybean cake and meal:
Production
mil Ib 1 505 8 1 5°5 3 1 484 0 1 239 6 1 64? 0 1 715 8 1 767 4 1 783 2 1 593 0 1 603 4 1 517 8 1 562 2 1 469 4 1 433 6 1 376 8
403.2 342.2
260, 0
432. 6
425. 0
204. 6
356. 8
390. 6
327. 2
Stocks Cat oil mills), end of month
do
187. 6
182.0 ' 158. 6 ' 185 6 ' 225. 0
208.6
Soybean oil:
Production:
434 •')
298 4
35? 8
333 9
36° 0
381 1
377 0
404 5
418 7
377 6
3o? 9
391 3
358 5
Crude
do
366 0
p

970 r.

275 3

2035

?9 5 1
283 6

S°6 0
310 9

319

9t>5 4

9Q8 5

970 i

306 7
303 0

97] g

?75 0

280 8

296 1

261 8

433 0

467 5

311 8

307 5
129

366 3

446 0
. 144

466 4
.143

iP7 4
. 153

537 2
. 164

6?4 7
. 173

675 8

9^5 '>

Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
!
end of nionth
"
iri
Ib
Price, wholesale (refined 1 N Y )
$ per Ib

129

138

°64 3

Z

991 9

313 3
289. 5

206 5

710 0
. 1 69

761 . 9
. 156

r

230 3
237. 8

?9l 9
280 3

773, 2
. 151

P 152

TOBACCO

Leaf:
Production (crop estimate)
.
mil. 3b__ -'1,796 '2 1. 943
Stocks dealers' and manufacturers', end of quar- 1
4 669 ^ 4 573
ter total
mil 3b
Exports, incl. scrap and sterns
thous. l b _ _ 38, 801 41,264
{9 (34(1

13 3()9

Manufactured:
14 639 14 44'?
Production total
do
Consumption (withdrawals) :
Cigarettes (small):
? 986
3 083
Tax-free
millions
37 807 39 178
Tav-paul
do
539
543
Cigars (large) tax-paid
do
Manufactured tobacco and snuff, tax-paid
thous.
l
b
_
_
14,148
14,309
Exports cigarettes
rni1 ions
1 631 1,686

3

25. 110
14 048

23, 647
15 484

27,283
14 649

28, OS7
1? 452

14.456

] 3, 053

15,916

14.076

15,707

15, 853

11.326.

16, 391

3, 083
38 916

2, 854
37 447

3, 61°
42 354

3, 4f;9

37,151

2, 819
35. 922
r
533

3, 598
47. 166
593
15, 889

22, 4239
14 16

14 910

14,64°

12 380

3 ?°1
40 899
582

3 491
39 836
577

3. 206
40 3°0

°, 997
33 793

671

365

14, 501
1, 706

14,543

14, 504
1,989

12,372

81,103
14 341

15 796

In 113

° 954
44 6°?
624

15,887
1 449

24. 674
15 061

84. 587
]9 340

37, 771
14 646

1 939

1,967

4, 268

4, 671
28, 740
13 931

4, 784
44, 574
J9 597

4 476
82, 922
13 335

475

13,991
1, 733

523

44, 353

602

3. 685
44, 036

482

12, 626
1,606

15,554

13. 660

1,921

15, 556
1,926

15,339

1,886

1,862

12, 047
1,913

441

3.173

536

r

2, 005

LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value, total Q
._
thous. $
Sheep and lamb skins
thous. pieces..
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^2/15 Ib
$ per lb__
Hides steer heavy native over 53 Ib
do

5 °34
159
340

6 367
177
574

6 284
158
586

5 04?
'l4?
514

6 962
248
646

8 7°3
183
9?1

7 106
253
69?

7 849
233
740

6 496
279
605

9 288
390
837

6 456
256
5?3

6 350
172
569

6 041
179
537

7 537
193
699

7,269
2, 856
2 118

5,886
2, 308
1,605

4,926
916
1 551

4,173
1,573
1 306

4, 955
1,665
1,288

3,856
1,088
1,278

3,936
980
1,1?6

4, 423
1,775
1 246

3, 407
804
849

7,304
5,127
1,338

5,860
3,384
1,171

5, 832
2, 648
1,341

6,238
2, 756
1,736

6. 682
3.182
1.465

.658
193

.561
139

. 525
148

. 525
138

.550
138

. 550
133

.575
1?8

. 575
118

.575
113

.625
143

.625
143

.650
148

. 600
143

53?
1 911
1,410
2,493

589
1 900
1^371
2, 502

617
1 934
1,338
2,843

593
1 815
1,183
2.367

56?
1 8?0
1,344
2, 354

561
1 789
1,071
2,442

5?8
1 976
1,264
2,567

496
1 870
1,175
2, 473

556
1 956
1,420
3,008

589
1 974
1,462
2, 850

341
1 532
1,030
2,209

2,725
3 960

4,277
4 149

3,898
4 168

4,403
3 875

3,738
4, 274

4,993
4 351

6,892
5,611

5,158
4,292

6,017
4.258

5, 504
4, 336

5, 040
4.241

683

680

663

673

677

673

683

690

697

697

LEATHER
Production:
Calf and whole kip
thous skins
548
528
630
1 931 1 831 1 947
Cattle hide and side kip thous hides and kips
1,570
Goat and kid
thous. skins. _ 1,900
1,449
Sheep and lamb
do
2, 671
2, 540
2, 838
Exports:
2,879
Glove and garment leather
thous. sq. ft_. 1,723
2,806
0
3 449
Upper and lining leather
do
909
3 798
Prices, wholesale:
855
703
687
Sole bends liCTht f o b tannery
*ft per Ib
Upper, chrome calf, B and C grades, f.o.b. tan1.303
nerv
_ _
$ ner so. ft._ 1.342 1.319
r
Revised.
*> Preliminary.
1
2
Average based on 9 months (Apr.-Dec.).
Crop estimate for the year.




1.303

1.313

1.373
1.400
1.313 1.353
1.417 1.443
1.387
3
4
Oct. 1 estimate of 1961 crop.
Quarterly averag
9 Includes data for items not shown separately.

r

1.443

.625
r

159

700

p. 650
p 201

-----

p 730

1.363 v 1,390

SURVEY OF CURRENT BUSINESS

October 1061
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

S-31

1960

Monthly
average

Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

LEATHER AND PRODUCTS—Continued
LEATHER

MANUFACTURES

Shoes and slippers:
Production, total
thous pairs
53, 114
Shoes, sandals, and play shoes, except athletic
thous. pairs- - 45, 348
Slippers for houscwear
_ _ __
do
6 558
Athletic
___ _.
do
641
Other footwear
do
566
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper Good vear welt
1947-49 — 100
Women's oxfords, elk side upper, Good vear
welt
1947-49 = 100Women's pumps, low-medium quality.. -do

49 870

58 122

48 868

47 476

45 652

43 023

50 659

50 305

57 561

47 021

48 670

50 088

42 157

57 146

42, 589
6 216
584
482

48.518
8 406
577
621

40, 001
7 734
563
570

37, 812
8 510
601
553

36, 194
8 301
588
569

37, 956
3 949
530
588

46. 809
3 115
439
296

46, 241
3 328
432
304

51. 597
4 915
573
476

41,244
4 795
594
458

42, 211
5 490
528
441

42, 554
6 235
'695
604

36, 778
4 682
302
395

47, 612
8 483
468
583

199

245

217

241

210

134

199

191

252

179

135

169

139

130 8

134 7

133 5

133 5

133 5

133 5

133 5

133 5

133 5

133 5

133 5

133 5

133 5

133 5

P 133 5

142.4
129. 2

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
134. 8

1 46. 7
134. 8

146.7
134. 4

146. 7
134.4

146.7
134. 4

146. 7
134.4

146. 7
134.4

P 146. 7
P 134. 4

242

LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production, total
mil. bd. ft..
Hardwoods
-- - do
Softwoods
do
Shipments total
Hardwoods
Softwoods

-

do
do
do

-

3, 088

532

2 556

3 055
509

2, 547

2,895
513
2 381

3 209
531
2 678

3,003
510
2 ^93

2, 71)6
550
2 246

2, 544
508
2 036

2,247
432
1 815

2, 263
400
1, 863

2 302
421
1 881

2, 696
404
2 292

2, 567
330
2 237

3.005
381
2 624

2. 885
388
9 497

2, 509
381
2 128

3,047
377
9 G7Q

2 822
505
2. 317

3 069
495
2. 574

2 897
473
2, 424

2 695
496
2, 199

9

461
466
1.995

2 337
423
1,914

2 271
410
1.861

9

258
498
1.830

2 856
452
2. 404

2 758
384
2, 374

3 065
-104
2. 661

9

033
407
2. 526

9 598
404
2, 194

3 0^0
423
2,587

7.832
1 574
6 258

7,938
1 611
6, 327

8, 038
1.605
6. 373

8. 122
1 708
6, 414

8. 030
1 715
6 315

8, 024
1 705
6 319

8. 069
1 6()8
6 371

7,912
1 650
6 962

7, 732
1 596
6 136

7, 681
i 573
6 108

7, 640
1 554
6 080

7, 559
1 531
6 098

7,947 _
1 S41
6 106

69
332

62
312

69
258

50
256

53
Of) 9

62
340

56
335

87
438

68
397

61
406

61 5
4?6
693
629
1.124

61 8
436
598
608
1,114

576
412
553
600
1,066

548
422
604
538
1.134

539
445
567
516
1,187

863
586
694
722
1,159

696
529
644
684
1 197

687
491
738
724
1 149

717
505
705
703
1 15S

591
499
537
600
1,096

9
13
16

°6
12
14

°8
16
12

94
12
12

°1
8
13

11

°1
8
14

94
13
10

°6
13
13

11

79 05

78 37

78 81

77 68

76 98

78 93

81 36

80 01

79 49

1 6. 06

125 36

1°4 05

550
90
5'>2
538

591
°56
613
625

548
997
579
577

Stocks (gross), mill, end of month, totalJ-.-do
Hard wood sf
do
Soft woods |
do
"Export^ t o t a l sawmill products
Inioorts total sawmill products

do
_ do

60
340

72
328

64
371

345

mil. bd. ft do
do
do
rio

743
614

666
533
696
691

732
486

659
440

760
1,128

705
1,130

3°
17
15

9")

12
13

33
14
20

81 13

80 94

8^ 06

-

SOFTWOODS
Douglas fir:
Orders, new
_
Orders, unfilled, end of month
Production
Shipments
__
__
Stocks (cross) mill end of month

Exports total sawmill products
do
Sawed timber
- _
do
Hoards, planks, scantlings, etc. _ _ _ _ do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd ft
Floorin tT C and better F G I" \ -I" R L
Spor M bd.'ft
Southern Pine:
Orders, new
. . mil 1x3. ft
Orders unfilled end of month
do
Production
do
Shipments
__
do
Stocks (gross), mill and concentration yards, end
of month
mil bd ft
Exports, total sawmill products
M bd. ft__
Sawed timber
_
do
Boards planks scantlings etc
do
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1947-49 = 100 _.
Flooring, B and better, F. G., I" x 4", S. L.
1947-49 = 100
Western pine:
Orders, new
mil bd ft
Orders, unfilled end of month
do
Production
do
Shipments
do
Stocks (gross), mill, end of month-,
__do
Price, wholesale, Ponderosa, boards, No. 3, I" x
12" R. L. (6' and over)
$ per M bd. ft._

74"!

734
9

5

14
11

591
240
589
590

9

9

U30 03

1 9 82

129.73

12S. 68

128. 25

127. 40

127 40

531
191
562
532

559
198
561
564

545
174
566
569

535
167
564
542

493
162
544
498

459
165
458
456

493
196
464
462

126.96

125 64

451
09
441
438

680
9
78
564
611

9

9

9

678
466
711
711
1.096 i

90

o

r

79 59

:

?> 7Q 91 I

124.05 P 123. 06 i
9

13
51 9
536

632
225 i
600 i
620

1 743
6. 528
1,290

9
C96
8, 545
2,810
5 735

9
093
6, 9426
1, 73
5,153

2 115
7, 042
2 375
4. 667

2 161
6. 136
903
5, 233

2 163
5, 833
1,521
4, 312

9
165
4, 725
686
4, 039

9
168
5, CS1
1,186
3 895

5, 242
' 783
4 459

9
105
5, 065
833
4 °39

9
093
7, 342
1.116
6 906

9
095
6. 556
1 . 700
4 856

9
071
5, 070
768
4 30°

2 051

5 938

0
047
7, 794
1 , 962
5 833

118.1

113. 5

111.4

110. 3

108. 9

107. 2

107. 1

105. 7

103. 9

105. 2

106. 6

106.9

106. 8

106. 7

P106. 8

94 7

94 5

93 6

93. 6

93. 4

93 4

9'^ 7

99 5

99 5

99 4

Q-> 8

99 8

92 3

P 92 1

717
455
689
751
1,914

9

81
388
843
879
1.878

775
355
780
807
1 , 851

723
3729
73
706
1,877

809
324
942
857
1.962

72. 14

" 68. 81

93 9

9 19]

!

726
2, 102

644
322
684
670
2.116

546
308
563
560
2,119

607
339
542
583
2,078

572
349
494
562
2, 010

564
2. 000

835
489
644
668
1,976

72.28

69.67

69, 65

69.56

68. 75

70.16

70. 22

69.72

69.89

73. 37

73.77

3 2
11 6
30
3.1
9.7

3.6
12 0
3.4
4.1
8.5

2.6
11 2
3.2
3.4
8.3

2. 5
10.2
3.0
3.0
8.2

3.0
10.5
3.1
2.7
8.6

2.9
10.6
2.8
2.6
8.8

3.0
11 0
2.9
2.5
9.3

3.0
11 4
2.6
9! 3

3.4
11 4
3.0
3.0
q 3

3.8
12 5
2.8
2.7
9.3

3.4
12 8
31
3.2
9.2

3.5
12 0
3.2
4.3
8.2

3.2
12 0
2.8
3.0
7.8

3. 1
11 0
3.7 i
3.7
7.8

81 6
57. 5
82.9
81.8
71 6

69
38
73
70
95

81 1
38 2
78.3
78.9
93 9

72.2
34.9
76.2
75.7
92 4

65.9
32.5
74.3
70.9
94.6

59.6
29.0
70.0
65.1
99.2

53. 5
•>6.4
62.4
54. 8
1C6. 8

57 3
27 9
62.7
56 8
112 7

54 3
30.3
56.6
53.5
114 8

83 9
43.5
66.6
70.3
110 3

68 5
47. 3
60.7
68.5
100 4

62 0
41 9
73. 6
70 0
109 3

63 9
35. 4
70.8
70.6
99 3

59 3
34. 3
58. 6
62.1
95 8

77 3 '
36. 8
75.3
74.8
96 4

244 2

212 6

780
42°
783
781
1,888

687
359
716
695
2, 076

771
364
871
785
2, 046

78.41

74.86

bd. ft _
do
do
do
do

3.4
12 3
3.3
3.4
10.4

do
do
do_
do
do
qtrly.
meas

710
348
789

543
321

r

HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new _ _
_ mil.
Orders unfilled, end of month
Production
Shipments
Stocks (PTOSS), mill, end of month
Oak:
Orders new
Orders, unfilled, end of month
Production _
Shipments
Stocks (gross) mill end of month
Plywood (except container and packaging),
total:
Shipments (market)
mil sq ft surf
r

Revised.
P Preliminary.
i Average for 9 months (Apr.-Dec.).




0
5
2
6
6

208.0

192. 5

t Revisions prior to July 1960 will be shown later.

i
__ 1

_

SURVEY OF CURRENT BUSINESS

S-32
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

October 1961

1960

1960

Monthly
average

Aug.

Sept.

Oct.

1961

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

1 156
' 169

Aug.

Sept.

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys):
Exports, total 9
thous sh tons
Steel mill products
do
Scrap.
do
Imports, total 9
Steel mill products
Scrap
__

562

do
do
do

857
248
591

1 194

953
231
683

770
132
584

948
147
777

969
168
780

888
138
683

1, 579

234
733

771
162
571

1,319

328
860

907
228
655

1 009

140
411

159

146

1,118

1,388

931

470
366
26

341
280
15

253
184
15

299
207
15

268
180
12

239
199
11

231
189
17

179
145
19

177
152
14

249
211
20

274
235
22

321
266
17

351
277
18

359
300
11

5 536
3, 115
2 421

5 475
3, 300
2 175

4 650
2 852
1 798

4. 536
2,736
1 800

4 896
2,829
2 066

4,370
2, 645
1 725

3 959
2, 408
1 551

4. 164
2, 523
1 642

4 114
2.505
1 608

4,999
2, 914
2 086

5 071
2, 936
2 135

5 782
3,381
2 401

5 617
3,365
2 252

r 4 958 p 5 606
'3,016 P 3 461
T i 943 P 9 145

5, 505
9, 467

5,539
9,487

4,724
9,629

4,646
9,514

4,901
9, 513

4,413
9,472

4,187
9.252

4. 546
8,876

4,397
8,591

4,983
8,613

5 226
8,465

5,974
8,293

5,530
8, 385

'4,811 p 5 574
' 8, 528 v 8, 558

4. 915
4.899
2 969

7,320
7,014
2 883

11,034
11, 176
4 293

8,789
9, 252
3,070

6, 423
7, 426
2,593

3, 959
3.783
2,011

3,672
1,142
1, 527

' 3, 332 r 3, 281
' 1,110 r 1, 150
1,662
1.634

r 3, 597

7, 627
7, 867

9. 396
8,522

11,049
6, 356
849
83 699
9 581
67 634
6,484

9. 906
6, 694

5, 867
6, 362

2, 660
5,895

2, 602
6.218

2. 448
6, 060

466

126

89

92

51

86 241
8 579
70 846
6,816

85 849
8 755
70 351
6, 743

85 237
11 282
67 116
6. 839

84 744
14 356
63 500
6.888

Iron and Steel Scrap
Production and receipts, total
Home scrap produced _ _ _
Purchased scrap received (net)

thous sh tons
do
do

Consumption, total
_
do
Stocks, consumers', end of mo
do
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons__
Shipments from mines
_
lo
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
lo
Consumption at iron and steel plants
lo
Exports _ _ _ _ _ _ _ _
_._lo__
Stocks total end of mo
lo
\.t furnace vnrds
At U S. docks
Manganese (mn content), general imports

r

1,226

' 3, 593 6, 604
«• 1, 565
6,187
2,041
1,227

7,139
8,313

' 8, 538 7,876
10, 035 10,718
2, 186
2 627

r

11, 302
8, 545

M09

2,756
7,113
134
r
78 565
r
20 705
51 474
6,386

93

78

36

142

64

4, 039
4, 125

3. 937
4,053

4, 514
4, 634

4,680
4 839

5,646
5,864

5,687
5 871

3.770

3, 685

3, 611

3,559

3.404

3.190

3,059

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

lo
lo

64 773
11 154
47 316
6,302

70 534
11 338
53 350
5,846

13 894
6,729
1,162
78 936
10 045
62 942
5] 949

do

91

99

100

109

85

89

94

81

5, 027
5 149

5, 556
5 552

4 470
4 616

4, 108
4 274

4,473
4 500

4,138
4 116

3, 841
3 838

3,446

3,471

3 696

3,617

3, 659

3,710

436

r 1, 385

r

83 236

r If,

471

59' 887
6,878

2,897
6, 953
r

81 114
18 674
55 831

r
77
r

372

763

715 r 78 723
21 167 '19 589
50 252 53 019
6, 115
6. 296

12, 681
8, 518

13. 483
8, 707

06°
80 005
16 757
57 9CP
5, 956

6° 008
5, S0'>

92

Pig Iron and Iron Manufactures

Pig iron:
Production (excl. blast furnace production of ferroalloys)
thous sh tons
Consumption
do
Stocks (consumers' and suppliers'), end of mo.
thous sh tons
Prices:
Composite
$ per I01 ton
Basic (furnace)
do
Foundry, Xo 2, Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
thou^ sh tons
Shipments 1 tctalcf
do
For salcc?
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous sh ton^
Shipments, total
do
For sale
do

r

5, 764
5, 597
5 628 p 5 787
r

3 065 p 3, 035
65 95
65 95
66 00 p 66 00
66 50 P 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

849
1 026
T
583

739
966
534

713
859
540

695
900
527

647
905
500

569
836
455

553
749
395

600
760
406

621
702
378

652
856
497

645
869
504

651
982
572

1, 027

89
76
46

73
68
39

70
59
37

69
63
36

57
64
35

56
63
35

55
57
32

52
58
34

48
51
30

45
58
34

48
56

31

52
68
40

52
67
40

66
42

7,787
96.2

8,273
101.9

6,838
82.9

6,458
80.9

6.868
83.3

6.172
77.3

5,840
70.8

6,416
77.8

6,239
83.7

7,086
85.9

7,585
95.0

8,981
108.9

8,552
107.1

8. 09<?
98.1

268
118
93

231
116
89

214
102
77

199
104
80

186
103
80

174
100
78

163
108
87

157
96
77

145
93
72

144
107
83

147
94
71

157
103
79

151
109
84

152
77
57

386
114
89

317
106
79

299
88
63

302
94
70

277

265
93
67

268
90
64

266
95
69

263
89
64

262
96
70

264
96
70

262
105
78

259
108
80

'280

72
54

279
98
73

.0698

.0698

666
606

679
804
474

_

Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous sh tons
Index .
_ 1957-59 = 100 Steel castings:
Orders, unfilled, for sale, end of mo.*
thous sh tons
Shipments, total
do
For sale total
do
Steel forgings (for sale) :
Orders unfilled end of mo
do
Shipments total
do
Drop and upset
do
Prices :
Composite finished steel (carbon)
$ per Ib
Steel billets, rerolling, carbon, f.o.b. mill
$ per sh ton
Structural shapes (carbon) f o b mill $ per Ib
Steel scrap, No. 1 heavy melting:
Composite (5 markets) S
$ per Ig ton
Pittsburgh district
do

97
73

T 8, 661
'105.0

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

95. 00
0617

95.00 p 95.00
0617 p .0617

39 23
40 00

39 95
33 00

32 90
30 50

31 87
30.50

29 52
28.50

28 33
27.00

28 66
27.00

i 32 04
30.00

33 38
32.00

36 50
35.00

38 94
37.00

36 63
35.00

38 49
37.00

'37 77 p i 89 05
36.00 P 36. 00

2 094
1,947

1 609
1,755

1 619
1,892

1 607
1,847

1

378
1,715

1 295
1,711

1 234
1, 604

1 438
1, 639

1 529
1,634

1,588
1,937

1,623
1,797

1, 450
1,959

1,553
1,968

1,541
1,759

412
245
358

402
246
343

603
411
536

555
392
484

419
274
358

319
189
272

346
196
298

289
171
237

292
171
239

374
217
312

371
218
304

416
244
349

455
265
384

472
291
408

632
441
555

4,516

4,116

5,047
195
384
478
83

5,133

6,048

6,134

5,121

6,139

179
320
378
46

4,638
166
308
378
64

4,251

183
367
388
58

p 8, 904
p 111.5

Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale) :
Shipments
do
Cans (tinplate), shipments (tons of metal consumed), total for sale and own use
thous sh tons
Food
do
Shipments for sale
do

Steel products, net shipments:
4,944
5 929
5 072
4,983
5 781
Total (all grades)
thous sh tons
176
239
184
235
180
Semifinished products
do
397
369
324
438
348
Structural shapes (heavy) steel piling do
405
485
511
373
Plates
do
370
51
50
99
Rails and accessories
_
do
76
105
r
l
Revised.
p Preliminary.
See note marked"§".
9 Includes data not shown separately.
cf1 Revisions for 1959 are available upon request.
* New series (Bureau of the Census). Monthly data prior to Aug. 1960 are available upon
Digitized for request.
FRASER



204
221
171
158
217
424
377
437
440
378
495
451
458
489
488
64
83
84
94
63
§ Effective Jan. 1961, the composite reflects new weights; prices beginning Jan. 1961 are not
comparable with earlier prices.
171
321
395
58

SUEVEY OF CURRENT BUSINESS

October 1961
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1960

Monthly
average

S-33

1960
Aug.

Sept.

Oct.

1961
Nov.

Dec.

Jan.

Feb.

Apr.

May

June

July

Aug.

758
471
189
91
544
251
528
1,825
491
847

800
470
237
88
566
266
524
1,889
520
885

904
572
220
105
647
301
609
2,361
657
1,126

929
576
238
108
739
299
605
2,319
650
1,079

793
480
224
84
615
232
543
1,889
514
861

942
599
231
106
781
287
605
2, 336
632
1, 065

Mar.

Sept.

METALS AND MANUFACTURES-^Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars and tool steel, total
thous. sh. tons__
Bars* Hot rolled (incl. light shapes)
do
Reinforcing _ _
do
Cold finished
do
Pipe and tubing
_
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 sh tons
Shipments
do
Backlog, end of year or mo
do

885
578
181
117
693
280
486
2,246
654
1, 063

884
576
185
115
588
248
503
2, 4J 7
666
1,206

772
453
223
91
559
243
555
1,964
506
994

768
465
208
88
543
244
425
2,075
585
1,026

806
487
229
84
483
224
363
2,039
581
1,004

730
464
176
85
432
204
308
1,845
500
906

621
392
148
75
407
182
288
1.695
450
866

669
436
141
86
489
197
577
1,790
485
872

425
190
466
1,599
454
743

304
275
2,516

299
322
2,333

293
373
2,389

291
364
2,326

246
353
2,291

269
325
2,278

249
277
2,333

308
262

257
260

296
292
2,392

309
319
2,378

392
365
2,458

298
361
2, 415

456
287
2,517

385
359
2,378

162.8
129.9

167.9

173.0
33.0

162.9
31.0

167.0
32.0

161.2
29.0

165.5
28.0

161.4
29.0

138.6
25.0

152.0
28.0

144.6
30.0

157.5
34.0

159.1
34.0

164.7
28.0

167.0

r 1 27. 3

20.2
4.2
10.1

12.7
3.1
23.7

14.4
2.6
29.3

10.5
2.7
15.9

16.1
3.2
10.8

14.4
2.7
22.5

11.3
3.4
26.2

10.8
3.3
16.6

8.6
3.5
12.2

15.5
4.7
12.3

12.4
3.3
8.0

16.8
4.2
6.9

17.1
3.6
13.5

15.3
4.1
14.4

125.8
. 2475

185. 3
. 2600

211.7
.2600

225.9
.2600

248.4
.2600

257.1
.2600

259.5
.2600

291.4
.2600

287.4
.2600

277.9
.2600

266.4
.2600

252.9
.2600

247. 5
.2600

256.9
. 2600

413.4
282 2
147.4
65.5

388.1
254.0
136.4
62.6

422.5
261.4
139.7
58.8

358.8
253.2
134.0
62.1

369.8
246.4
128.4
63.8

369.7
236.9
127. 8
63.4

378.5
226. 4
121.6
63.6

341.6
241.3
131.9
60.8

349.3
232.5
124.6
57.1

396.6
281.3
151.3
62.5

361.2
268.6
143.2
60.3

425.0 «• 423. 2
295.3 r 304. 3
159.2
155.7
64.4
63.3

374. 3
263. 6
139. 3
48.7

tons
do
do
do
do

68.7
91.5
66.4
25.2
19.5

'90.0
126.6
93.4
33.1
23.0

90.9
135.6
97.3
38.3
23.0

97.5
139.4
101.0
38.4
24.6

100.4
128.2
93.4
34.8
25.6

98.1
131.9
99.6
32.3
20.5

96.8
133.3
101.6
31.7
21.3

97.3
127.4
89.3
38.1
24.7

88.3
120.0
86.0
34.0
18.7

100.4
140.1
107.3
32.7
21.5

90.9
128.7
102.3
26.4
24.2

102.4
137.8
106. 1
31.7
25.8

98.9
138.1
107.6
30.5
24.9

r 89. 6

119.3
88.9
30.4
18.4

78.8
128.9
96. 0
32.9
20.4

do
do

47.9
17.8

43.6
11.9

55.2
9.0

36.3
7.7

48.3
6.6

26.7
7.1

32.3
6.2

61.9
6.0

33.1
4.8

28.2
5.1

36.6
4.4

26.7
5.2

39.3
4.7

50.4
4.7

26.7
5.9

do
do

16.6
13.2
124.0
172.2
123.0
.3118

51.5
36.1
114.6
174.3
98.0
.3205

78.4
58.7
120.8
198.0
110.2
.3260

60.5
42.9
125.8
187.6
112.8
. 3260

54.7
37.2
114.0
206.4
99.8
.3060

47.2
30.5
108.9
219.0
100.4
.2960

63.5
47.0
108.8
228.0
100.2
.2960

66.1
49.7
100.1
228.8
96.8
.2906

62.0
44.8
100.2
229.7
94.5
.2860

77.4
60.7
122.4
213.1
92.9
.2860

51.9
36.4
121.2
194.6
100.9
.2860

55.4
38.6
141.8
182.3
98.9
.2998

49.4
31.4
147.2
165. 6
98.3
.3060

555
396
241

470
380
216

21.3
37.6
33.5
90.9

20.3
38.6
29.4
85.5

627
402
141

NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons__
Estimated recovery from scrap
do
Imports (general):
Metal and alloys crude
do
Plates sheets etc
do
Exports, metal and alloys, crude
do
Stocks, primary (at reduction plants), end of mo.
thous. sh. tons__
Price, primary ingot, 99.5% min
$ per lb._
Aluminum shipments:
Mill products and pig and ingot (net)
Mill products total
Plate and sheet
Castings

mil. lb._
do
do
do

Copper:
Production;
Mine recoverable copper
thous sh
Refinery primarv
From domestic ores
From foreign ores
Secondary recovered as refined
Imports (general):
Refined unrefined scrap©
Refined
Exports:
Refined scrap brass and bronze ingots
Refined
Stocks refined end of mo total
Fabricators'
Price, bars, electrolytic (N.Y.)

do
do
$ per lb-_

Copper-base mill and foundry products, shipments
(quarterly avg. or total) :
Copper mill
(brass mill) products
mil Ib
Copper wTire mill products©
do
Lead:
Production:
mine, leLO ci ^ o e
T
t (
• ]}
m
1
r
t°
t t l

^
tnl

.

.

***--

do

Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)
thous sh tons
Refiners' (primary), refined and antimonial
thous. sh. tons.Scrap (lead-base, purchased), all consumers
thous. sh. tons._
_$perlb__

Price, common grade (N.Y.)_

Tin:
Imports (for consumption) :

Consumption pig total
Primary
Exports, incl. reexports (metal)
Price, pig, Straits (N.Y.), prompt

Zinc:
Mine production, recoverable zinc
thous. sh. tons._
Imports (general):
Ores©
do
Metal (slab blocks)
do
Consumption (recoverable zinc content) :

20.2
41.0
35.7
90.9

.3060

561
406
216

448
361
195

18.6
38.1
24.9
86.9

18.2
41.0
22.8
86.0

18.0
38.7
26.1
83.3

19.2
36.3
26.6
77.2

23.2
36.9
25.8
83.7

20.8
35.2
26.8
79.7

24.6
38.8
37.5
83.4

21.9
36.5
35.5
77.6

22.8
38.7
32.8
89.1

22.9
38.1
23.1
85.7

r 19.4
34.5
35.5
71.6

21.5

118.9

109.9

145.1

144.5

150.9

156.0

146.9

145.1

137.9

129.5

125.7

115.0

112.4

110.6

119. 6

158.2
94.4

136. 5
128.4

136.7
118.1

139.5
110.5

151.9
107.7

158.2
94.4

169.2
94.5

183.0
91.8

187.0
94.8

194.7
109.7

195.6
110.6

195.1
106.4

193. 8
109.9

54.4
.1221

43.7
.1195

44.0
.1200

45.6
.1200

43.6
.1200

42.2
.1200

43.7
.1138

42.8
.1100

41.6
.1100

41.0
.1100

39.5
.1100

39.6
.1100

41.2
.1100

44.2
.1100

.1100

.1100

1,169
3,291
1, 800
'250
6,710
4,290
71
22, 750
1.0140

1,555
3,780
2,020
275
6,995
4,635
39
20, 370
1.0285

929
2,872
1,800
290
6,030
3,760
58
22, 145
1.0223

1,001
3,262
1,815
230
5,600
3,290
19
22,910
1. 0328

512
2,523
1,860
265
5,475
3,035
22
22, 790
1.0282

1,226
3,108
1,725
225
4,915
2,845
79
24, 798
1.0114

802
2,058
1,750
225
5,965
3,680
125
23, 935
1.0038

1,188
1,998
1,750
220
5,505
3,570
17
22, 610
1.0098

319
2,261
1,900
230
6,490
3,990
305
20, 645
1.0340

1,373
1,785
1,815
220
6,410
4,080
120
19, 630
1.0708

223
3,046
1,935
250
6,860
4,380
32
18,600
1. 1003

391
558
4,904
3,020
1,915
250
6,090
6,970
3,920
4,420
30
30
18, 000 2 22.470
1. 1455 1. 1625

1. 1978

1. 2185

35.4

••36.3

34.5

30.7

28.1

28.0

36.7

40.3

38.8

43.2

38.1

39.6

40.1

r 35. 1

41.7
13.1

38.0
10.1

35.7
8.1

40.6
17.3

30.4
7.9

35.5
11.2

27.1
12.2

30.0
6.2

29.7
7.6

39.4
16.5

25.5
7.6

33.3
10.6

41.8
10.9

31.8
7.4

r

r

6.8
5.3
9.0
18.6
18.2
17.9
Scrap, all tvpes
do
l
•• Revised.
» Preliminary.
Recoverable aluminum content. Monthly
expressed in metallie content (incl. alloying constituents); aluminum content is
2
of metallic content.
Includes 3,933 tons held by GSA.




29.6
46.8
19.9
29.3
p 142. 3
"83.4
r
198. 1 p 193. 1
P136.3 Pl21.fi
. 30(50
.3060

. 2550

119.0
126.5

898
3,632
2,000
270
do
6,448
do
3,819
_.do
114
23, 714
$perlb_. 1.0201

Bars pigs etc
do
JLStimateu recovery rom scr p, o a © - o

458
378
198

445
364
196

259 2
. 2600

4.8
6.0
19.6
19.9
data are
about 93%

39.0

5.8
7.1
6.6
7.4
6.8
5.9
8.5
8.1
5.6
15.3
19.3 '21.1
18.5
15.6
16.9
18.5
17.3
17.8
©Basic metal content.
d" Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.

SURVEY OF CURRENT BUSINESS

S-34
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1960

1960

Monthly
average

October 100.1

Aug.

Sept.

Oct.

1961

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug. : Sept.

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous sh tons
Secondarv (redistilled) production
do
Consumption, fabricators' __ __
__ do
Exports
_
do
Stocks, end of year or mo.:
Producers' smelter (AZI)
do
Consumers'
do
Price, prime Western (St. Louis)
$perlb__
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, cast iron:
Shipments
_
mil sq ft radiation
Stocks, end of year or mo
do
Oil burners:
Shipments
thous
Stocks, end of year or mo
do
Stoves and ranges, domestic cooking:
Shipments, total (excl liquid-fuel types) do
Gascf _ __
do
Cloves domestic heating shipments total
do
Gasf
'
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalf
thous
Gas
do
Water heaters gas shipments
do

r

Metal forming tools:
Orders, new (net)
Shipments
Estimated backlog

_. _ _ _

_

207.8
59 5
.1150

206 6
64 5
.1150

9
4 6

11
4.3

1.0
3.9

38 1
51 5

38 1
53 7

44 1
55 4

35 9
54.4

154 3
150 8

138 9
136 0

164 2
161.5

170 2
167.2

117.6
114.4

70 q
39 3

106 3
74 2

87 8
45 7

97 0
53 7

149 1
95 3

157 3
97.4

78 8
63 1
199 1

80 7
63 8
241 2

81 1
65.7
°59 3

90 6
72 1
10 7

107 2
86. 6
173 7

104 2
83.5
160 1

56 1
3.9
67.0
91

58 7
4.3
67.8
4.8

56 9
4.0
62.7
7.8

69 4
3.5
62 2
14 2

74 0
3.4
63.8
9.2

66 3
3.9
60.6
6.1

73 6
4.4
64.3
6 4

69 2
3.6
69.6
3.5

69 3
4.3
80.6
2.6

188 0
67 8
. 1295

200 6
68 3
.1300

192.5
67 5
.1300

190.3
65 3
.1300

182.1
69 9
.1300

190.8
66 1
.1248

206.4
69 4
1.1153

215.0
60 0
.1150

222.9
59 1
.1150

219.0
56 8
.1150

213.1
60 0
.1150

20
5 2

1 7
2 8

1 8
38

21
3 4

1 9
2.8

1 5
2.7

10
2 8

10
2 9

1 2
2.9

1 0
3.3

Q

3.7

54 4
46 3

r 49 g

46 6
58 2

64 6
49 4

64 6
45 1

40 3
4] 6

99 9
9

44

49 o
44 1

37 7
44 1

33 8
48 9

1
7
i
8

174 0
169.3

148 8
144.5

190 4
117 9

117 0
114 8

127 3
124.8

9
62 5
179 0

179 5
113 4

85 7
47 4

68 3
41 2

145 3
109 4
219 5

137 96
104
179 5

98 5
76 8
161 3

79 2
59 2
174 0

76 6
61 6
913 9

156 2

.114,5
r

169 8
166 0

45 9
r
r

8
5
7
9

1669 4
16 8

r 100 8
r

130 0
101 9

151
!48
187
9 T 1 54
19Q 5 r 100
119 6

r 89 1

78 1

234 0

237 o
°1 3

2

Material handling equipment (industrial), new
orders index
1954 — 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-tvpe
do
Industrial trucks and tractors (gasoline-powered),
shioments
number

65.3
4.5
69.5
3.7

59 5
4 4
68.5
7 6

r 1Q2 4

r

68.0
4.8
80.4
2.6

67 0
r
5.7
r 73 9
6.3

4.8
79.7
1.0

MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fans and blowers, new orders
mil $
Unit-heater group new orders©
do
Foundry equipment (new) , new orders, net
mo avg shipments 1947 49 — 100
Furnaces, industrial, new orders, net:
Klectric processing
mil $
Fuel-fired (exc for hot rolling steel)
do

Machine tools:
Metal cutting tools:
Orders new (net), total
F)ornestic
Shipments, total
Domestic
Estimated backlog

T

66 6

9Q8 2

r 2

9
53 9
167 8

9Q9 1

183
178
947
150

9

r

165. 1

. 1150

.1150

38.9
17. 7

36 0
91 7

34
9
9
34

158 1

81 7

106 5

9

123 7

81 8

99 1

115 9.

101 5

130.8

69.0

62.0

4 4

19
1 7

19
35

8
21

12
4

8
4 5

9
1.9

10
2 6

.7
.3

14
6.1

12
3.5

14
1.3

9
3.3

38 5

2 91 4

99 4

3

38 9
13 8

3

149 6

118 8

1 5
4 i

13
2 9

131 8

1" 6

113 6

111 1

99 9

99 0

110 0

116 2

114.4

137.0

109.8

136.5

175.5

130.7

46°
335

461
470

347
370

465
508

394
506

374
463

342
449

375
343

386
373

394
499

393
426

385
372

427
376

395
393

3S8
385

1 885

1 624

1,867

1 569

1.655

1,628

1,318

1,595

1,914

1,892

1,952

1,844

1,753

1, 667

P 45.95
p 30 35
P 31.55
v 23.55
*5.3

9

055

1 1

101

mil $
do
do
do
months

42 40
36 85
34. 40
30 45
4 4

41 90
99 35
42.30
32 85
4.4

47.80
36 30
36.50
29 00
4.1

42.15
25 80
41.00
29 90
4.3

35. 60
25 55
40. 65
27 75
4.3

39. 75
26 05
36. 90
23. 40
4.4

47. 45
99 45
48. 60
33.00
4.3

35. 75
20 95
36. 95
25 10
4.3

39. 45
27 65
35. 60
24.40
4.5

54. 90
40 80
42. 05
28. 95
4.9

41.30
31.60
40. 15
28.30
4.9

41.70
30.85
42. 85
31.40
4.8

52.10 rr 46. 70
31.50
27 85
46. 75 <• 37. 20
30.20 r 24. 95
4.8
'5.0

mil. $._
do
months

12. 50
10 40
4,2

12.50

9.05
11 40
3.8

10.15
12 95
3.8

20. 60
10 70
4.5

10.20
11.65
4.4

11.55
12.75
4.3

20. 35
8 55
5.0

6.95
10.05
4.9

15. 15
12.80
5.2

6.35
13. 55
4.4

7.90
15.05
3.8

9.40 '8.95 p 10.05
17.45 ' 12. 55 p 13.40
3.3
P 2. 9
'3.0

r 2 281 1

r 2 251 5

Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
tot'^1 9 t
mil $

2

SO 7
2 23 0

•TV- 'tors' wheel (con off hiohwiv)
do
Tractor shovel loaders, integral units only
Tractors, wheel (excl. garden and contractors'
off-highway types) .
mil. $
Farm machines and equipment (selected types),
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thous
Household electrical appliances:
Ranges (incl. built-ins), domestic and export
sales
thous
Refrigerators and home freezers, output
1957 = 100...
Vacuum cleaners (standard type), sales billed
thous^-

2

19 00

4.2

2
r2

67 5
16 2

230 6
59 7
15 6

175.2
48 1
9 3

r

284.4
70.9
24. fi

220 5
' 56. 7
16. 1

2 54 g

2

58 0

58 8

44 4

r 54 9

64 2

136. 6

2

89. 4

52.0

97.3

151.6

132.0

186 2

167 1

107 0

224.2

222.4

2 221 9

r2

* 20. 8

421.3

4 22. 4

* 15.5

2,291

2,194

2,550

2,708

2,834

2,634

2,822

2,761

2,321

1,491

1.334

1, 694

2,037

2, 093

2, 672

140 6

127 1

123.4

144.0

129.1

119.4

114.4

109.4

128.1

148.2

128.4

131.6

145.0

104.0

127.5

123.5

111.8

64.8

89.5

91.5

87.9

106.5

99.2

124. 3

116.2

123.5

121.1

132.0

113.8

72.9

285.1
319 4

276. 1
272 9

280.6
296 5

301.9
352 7

290.1
305 8

280. 6
275 3

254. 6
293 5

242. 5
228 9

257. 9
227 6

350. 0
305 6

265. 0
209. 7

240. 9
247.9

242.0
304.3

213.9
228.4

270.1
332 6

1,301.9 1, 427. 2 1,048.4 51,945.1 1, 727. 6 1, 468. 8 51,521.7 1.090.1 1,115.0 5 1,384.1 1,124.9 1,196.9 5 1,626.3 1.030.4
Radio sets, production!
do
444.4 5 497. 5 405.8 470.4 5 615. 1 383.4
429.8 5 405. 5 367. 9
462.3 s 678. 9 500.0
Television sets (incl. combination), prod.§__.do
529. 1 475. 7
Electron tubes and semiconductors, factory sales
mil <£
80.9
89 Q
75.8
78.0
58.0
92 5
73 4
72 0
79 9
77 2
91 0
87 6
85 0
75 6
Insulating materials, sales billed, index
139
129
125
105
142
118
118
123
130
131
142
124
137
149
1947 49 100
Motors and generators:
154
2 {79
152
134
2 162
158
New orders (gross):
12.4
13.7
12 4
11.8
13 6
12 9
10 4
11 9
10 8
11 7
14 6
12 3
14 2
13 6
2.1
2.8
1.9
2.3
2.5
2.6
2.2
1.9
1.9
18
20
2 8
2 3
2 5
. .
g
• v.,
r
l
Revised. p Preliminary.
Average based 3 on actual market days; excludes nominal
2
prices
for other days.
Quarterly
average.
See note marked "©".
4
5
Data are for month shown.
Data cover 5 weeks.
d" Includes data for built-in gas fired oven-broiler units: shipments of cooking tops, not
included in figures above, totaled 21,000 units (4-biirner equivalent) in July 1961.
t Revisions for gas heating stoves (Jan.-June I960) and warm-air furnaces (Jan. 1959-June
1960) are available upon request.
0Beginning 1st qtr. 1961, data exclude new orders for gas-fired unit heaters and duct
comparable data for 4th qtr. 1960, $15,900,000.
Digitized forfurnaces;
FRASER



188. 1

r

1,385.1 5 2,027.
8
514. 7 5 698. 1

r

9 Includes data not shown separately.
{Effective 1960, data are not strictly comparable with earlier data. Revisions for 1960
appear in the July 1961 SURVEY.
OData exclude sales of combination washer-drier machines; such sales (excl. exports)
totaled 8,100 units in Aug. 1961.
§ Radio production comprises table, portable, auto, and clock models; television sets
exclude figures for color sets. Data for Sept. and Dec. 1960 and Mar., June, and Sept. 1961
cover 5 weeks; other months, 4 weeks.

SURVEY OF CURRENT BUSINESS

October 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

| 1960

Monthly
average

S-35
1961

1960

Sept.

Aug.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

1,202 ' 1, 565
173
253
93
142

Aug.

Sept.

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous sh tons
Stocks in producers' yards, end of mo
do
Exports,
_ __ do
Prices:
Retail, stove, composite
$ per sh ton
Wholesale, chestnut, f.o.b. mine
do
Bituminous:
Production
thous. sh. tons..
Industrial consumption and retail deliveries,
total 9
--thous sh tons
Electric power utilities
do
Mfg and mining industries, total
do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers

do

Stocks, industrial and retail dealers', end of
month, total?
thous sh tons
Electric power utilities _ _
do
Mfg and mining industries total
do
Oven-coke plants _ _ __ _
do
Retail dealers

r

1 568
315
119

1 704
336
137

1 580
339
149

1 678
319
154

1 699
327
176

1 794
199
110

1 803
110
134

1 756
64
89

1 468
98
107

1 197
153
12

1 447
247
95

1,372
178
159

27.67
13. 948

27. 33
13. 608

27. 34
14.098

27. 55
14. 098

27 64
14. 098

27. 88
14. 098

28 34
14. 420

28. 56
14. 420

28. 56
14. 420

28. 56
14. 420

27.47
11.970

27.47
11. 970

27.64
12. 460

27.76
12. 460

34, 336 r34,626

'36, 681 '34,700 r 35, 499 '33,589 '33,091

32, 570

28, 970

29, 950

29, 220

34, 250

31,510 '26,800

37, 550

30
13
13
6

28, 443 '27,966 '28,241
13, 574 13, 722 14, 201
13, 587 '13,137 '12, 934
6 206 '6,153 ' 6, 277

30, 854
15, 336
13, 699
6,506

1 721
389
149
27 89
14.177

521
816
980
598

31,697
14 484
14,423
6 750

28, 824
14 698
12, 282
5 672

27, 453
13 658
11,590
5 169

30,159
14 304
12, 929
5 576

30, 537
14 654
12, 905
5 035

34. 434
16 673
13, 625
4 917

34, 702
16 903
13 727
5 035

30. 230
14 730
12, 403
4 792

30, 470
14. 773
13,421
5 345

28, 423
13, 500
12,969
5,495

9 428

2 534

1 616

1 978

2 609

9 799

3 886

4 069

3 097

2 273

1,9C9

1.193

1,010

1,007

1,710

72 333
48, 244
?3 216
11,287

72 662
49. 334
22 380
10 742

74 458
50, 813
2? 679
10,918

76 206
52, 215
23 006
11,083

76 730
52, 435
23 283
11.204

73 244
49, 937
9° 451
11,029

66 463
45, 245
20 683
9 789

65 183
44, 627
20 158
9 551

65, 007
45,017
19 640
9,332

67, 893
46, 937
20 502
9,852

70, 698
48, 360
21,788
9,931

67, 139
46, 951
19, 597
8, 496

69, 648
48, 452
20, 571
8,936
625

69
45
92
10

519
664
735
678

69
47
21
10

194
157
477
484

844

693

786

803

891

832

666

560

535

398

350

454

550

591

3 104

3 041

3 888

3 448

3 763

? 882

2,322

1 867

1 868

1 959

2 541

3 39?

3,402

2,775

16 89

17 06

16 87

17 08

17 21

17 24

17 27

17 30

17 30

17 30

17 23

16 86

16.74

16.81

5 9?3
7. 733

5 164
7.690

5 156
7.619

5 149
7.769

5 149
7. 769

5 149
7.869

5 149
7.900

5 149
7.922

5 149
7.922

5 149
7.828

5 037
7.275

5 018
7.209

5 018
5.018 *>5. 018
7.256 ' 7. 273 P 7. 365

r
84
90
4 566 r 4 685
1, 000
685

78
3 936
1 250

62
3 604
1 166

57
3 891
1 153

61
3 496
1. 145

60
3 382
1, 202

50
3 494
1 960

61
3 296
1 121

70
3 654
1 237

67
3 797
1,248

78
4 249
1.218

78
4 210
1,236

'72
4 319
1,325

85
4, 464

3 965
2. 471
1 494
l' 120
38

4 176
2. 970
1 205
1, 159
29

4 271
3,122
1 150
1 202
32

4 452
3,280
1 172
1.208
31

4 629
3, 437
1 192
l' 194
16

4 707
3,494
1 212
1, 174
35

4. 757
3, 477
1.280
877
11

4 822
3, 485
1 338
933
21

4 781
3, 401
1 380
933
26

4 697
3,285
1 412
1 025
41

4 726
3. 256
1 470
1. 102
23

4 572
3,094
1 478
1, 112
41

4,358
2.928
1 430
1, 111
27

4, 354
2,884
1,470
1, 135
45

4,301
2, 891
1 411

2 220
2.97
243 1
85

1 874
2.97
246 0
83

2 108
2.97
255 7
85

1,734
2.97
243 0
84

1 875
2.97
245 2
81

1,835
2.97
236.8
81

2.426
2.97
248. 9
83

1 880
2.97
259 3
87

1 512
2.97
236 8
86

1 950
2.97
251 0
81

1 643
2.97
234 6
78

2 050
2.97
249 0
80

1,734
2.97
239.6
80

1, 735
2,970
257 0
83

295.4

298.8

296 0

290.5

297.9

300.2

309.7

321 6

291.4

323 6

304. 7

308.7

288.0

307.3

214. 5
26 8

214.6
28.7

215. 1
28 6

209. 1
28 1

215. 7
29 7

214.0
29.5

221.7
31.5

223 5
31 0

204 3
28 2

231 6
30 9

219. 8
30 1

221.6
29 7

213.1
28.7

215.7
29.4

29 4
24 g
1. 5

31 0
24 5
-2.5

32 8
19 5
8.5

32 7
20 6
14.3

31 5
21 0
14.8

30 0
26 7
-4.7

28.7
27 9
-48.0

33 7
33 5
—25 1

28 8
30 1
—7.2

33 3
27 9
14.8

27 0
27 9
24.1

33 6
23 9
16.1

27.2
19 0
9.8

38.0
24 3
21.2

do

293 9

301 3

287 5

276 2

283 1

304 8

357.8

346 8

298 6

308 9

280 6

286 1

2
2
5
8
2

3
5.9
295.1
126 5
11.0

1
9
5
4
4

2
5 4
270.6
128 5
8.9

4
56
277. 1
126 2
10. 5

o

52
299.7
124 9
12.8

5
5.3
351.9
124.9
18.8

I
0
6
5
1

3
1
4
6
7

3
53
275.0
119 2
9.0

4
' 5.4
272.4
138 5
7.8

2
4 8
281.2
137 4
9.2

do
_do
do

55 0
47.0
8 7

57 2
46.7
86

37 1
36 2
83

39 7
37.3
87

45 2
40.8
83

61 6
48.5
85

95.5
57.1
83

96 4
58 9
80

3
3
0
6
1
9
1
1

292 6
2
5 7
286. 7
137 2
9.2

278 2

do
do
do
do
do

66 4
50 9
88

53 3
46 1
81

44 3
39.6
10 6

37 0
31.6
85

39 2
39.3
80

do
. do
do

36
85
17 7

36
87
18 8

37
15 6
17 9

35
13 7
15 3

35
11 1
18 0

35
6 8
20 8

33
4.0
25 5

36
31
25 7

28
2 3
20 6

35
4 6
17 5

30
56
17 5

4 0
10 4
16 0

13 8
16 4

35
14 1
15 7

. . do
do
do
do

802 7
258.9
26 4
518.2

790 2
248.0
28 4
513.9

802 3
234.1
33 2
535.0

816 6
232.0
35 6
549.0

831 4
233.0
36 1
562.3

826 8
239. 5
34 0
553.2

778.7
239.8
28.9
510.0

759
236
24
498

4
8
0
7

752 2
232 1
23 2
497.0

767 0
244 9
27 5
494.5

791 1
256 1
31 6
503.4

807 2
261. 4
35 4
510.4

817 0
261.1
38 2
517.8

832 2
257. 0
41 4
539.9

124 1
14

129 0
1.1

132 9
12

127 6
1.1

126 6
11

123 9
.7

130.8
.7

131 7
10

115 8
5

127 6
5

118 6
11

127 3
6

123 2
1i

135 1
6

182 0
12.2

188 9
12.7

177 8
12 5

177 7
12.0

177 7
12 0

175 4
13.3

181 2
13.6

197 9
14 0

208 8
13 4

209 5
14 2

208 4
14 2

198 9
14 5

183 7
13 9

182 5
13 3

.114

.116

.125

.125

.125

.125

.125

.125

.125

.125

.125

.115

.125

.125

P. 115

212

.210

.218

216

213

215

.214

.211

211

201

202

202

206

214

206

_

do

Exports
do
Prices:
Retail composite
$ per sh ton
Wholesale:
Screenings indust use fob mine
do
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive
__ __ __ __ thous sh tons
Oven (bvproduct)
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

16.91

PETROLEUM AND PRODUCTS
Crude petroleum :
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio __

number
$ per bbL_
mil bbl
% of capacity

All oils, supply, demand, and stocks:
New supply, total
mil. bbl _
Production:
Crude petroleum,.
do _ _ _
Natural-gas liquids, benzol, 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
Gasoline
Kerosene
_. _
Distillate fuel oil .
Residual fuel oil
Jet fuel

__

._ _

Lubricants
Asphalt
___
Liquefied gases
Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products.-

Refined petroleum products:
Gasoline (incl. aviation):
Production
_
do
Exports
do
Stocks, end of month :
Finished gasoline
do
Unfinished gasoline
do
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal__
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo )
$ per gal
r
1

6
287
123
9

5
281
138
8

Revised.
» Preliminary.
Revisions for Jan.-July 1960 (thous. sh. tons): 56,648; 35,180; 39,306; 35,156; 36,455; 33,788; 25,419.
9 Includes data not shown separately.
§ Includes nonraarketable catalyst coke.




5
341
114
18

4
94
105
15
74
53
7

9

5
303
126
11

2,970

1,423

35, 220

SUEVEY OF CURRENT BUSINESS

S-36
1959

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1960

1960

Monthly
average

October 1961

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

A ue.

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
_
_ _ mil bbl
Exports
do
Stocks, end of month
do
Kerosene:
Production
do
Stocks, end of month
_
. do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production
_
mil. bbl
Imports
do
Exports
_ _
do
Stocks, end of month..
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil bbl
Imports
_ •
do
Exports
_
_ do_
Stocks end of month
do
Price, wholesale (Okla., No. 6)
$ per bbl__
Jet fuel:
Production
_
mil. bbl
Stocks end of month
do
Lubricants:
Production
do
Exports
_ _
_
do
Stocks, end of month
_
do
Price, wholesale, bright stock (midcontinent,
f.o.b., Tulsa)
._ $ per gal
Asphalt:
Production
mil. bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries), end of mo
mil. bbl
Asphalt and tar products, shipments*
Asphalt roofing total
thous squares
Roll roofing and cap sheet
do
Shingles, all types
_
-do
Asphalt siding ___
Insulated sidinp'
Saturated felts
-

_do
do
thous. sh tons.-

10 3
1 i
13 4

9 6
8
13 5

10.0
10
12.6

9.7
9
12.1

9.5
9
12 7

9.0
6
13 6

13.9

9 9
8
13. 1

8.6
3
13.0

9.5
4
12.8

9.4
10
11.8

10.1
4
12.3

9.5
9
11.6

9.6
5
10.7

9 2
26.2

11 3
28.7

11 4
33.4

10 8
35.4

12 0
37.0

12 4
36.7

13 4
31.4

13 9
27.4

12 0
24.5

12 7
25.7

10 6
27.3

9.9
28.4

9.5
30.3

11. 1
32.4

.105

r.104

.102

.102

.105

.101

.098

.109

.117

.115

.110

.105

.105

.105

56.6
1 5
11
129.7

55.6
11
.8
127. 9

58.1
8
.8
152.2

54.9
10
.5
168.2

56.3
9
.6
180. 1

54.9
6
.6
173.9

59.2
11
.6
138.5

64.4
21
7
108.1

63.2
11
.3
97.3

56.0
14
.4
88.0

49.9
9
.6
85.0

52.9
7
.8
93.6

52.5
10
109.5

58.2
1.5
.6
129.6

. 100

.094

.092

.092

.095

.091

.088

i .099

.107

.105

.100

.095

.095

.095

.098

29 0
18 5
1.7
56 5
1.65

27 7
19 5
1.5
43 4
1.69

26 1
15.0
1.9
47 2
1.80

25 8
15.5
1.4
50 1
1.80

25 8
16.0
1.3
50 0
1.80

27 1
21.9
1.3
49 5
1.80

30 9
22.8
1.5
44 9
1.80

29 9
27 9
1.2
42 9
1.80

27 8
25.7
1.0
42 6
1.80

27 4
22.8
1.3
40 9
1.80

25 0
22 9
1.3
41 8
1.65

26 6
16 6
1.6
44 1
1.60

23 3
12.3
1. 1
47 4
1.45

25 8
16.9
.8
50 2
1.45

pl.45

7.7
78

7.4
66

7.8
73

7.0
6 4

6.9
60

7.3
60

7.3
6 5

6 7
60

6.7
6 4

8.9
71

8.0
78

8.3
76

7.5
7 9

8.1
8 2

4 7
1.2
8.8

4 9
1.3
9.4

4 7
1. 1
8.9

4 9
1.3
9.1

4 9
1.4
9.2

51
1.4
9.5

51
1.4
9.9

4 7
10
12.4

4 7
15
12.8

50
1.6
12.7

51
1.4
13.4

53
1.5
13.1

4 6
1.3
12.7

5 2
1.5
12.9

.235

.257

.260

.260

.260

.260

.260

.260

.260

.260

.260

.260

.260

.260

8.1
12 3

8.2
12 8

12.1
11 3

11.1
9. 1

9.7
81

6.8
8.6

5.2
10 1

5.0
15 2

4.5
17 6

5.9
19 2

7.7
21 6

9.4
21 3

10.9
19 3

11.8
17.7

56
12.2

6 5
12.5

6 7
11.6

6 2
9.3

60
12.1

6.1
15.0

67
19.0

6 9
19.0

6 4
14.5

69
11.2

6 6
11.2

7 1
10.2

6 6
10.1

6 2
9. 9

21.5

24.2

29.7

32.0

32.6

30.6

25.5

20.7

20.0

24.3

28.3

33.4

36.9

40.7

4,961
1,763
3, 197

4,997
1,813
3,184

6, 817
2, 5G7
4,251

6,829
2.677
4,151

6,021
2,299
3.722

4,592
1,688
2,903

4,351
1,656
2,695

2,000
775
1,224

1,665
655
1,010

3, 834
1,446
2,388

4 709
1,667
3,042

6,517
2,139
4,378

78
127
86

73
94
82

84
142
99

96
125
94

101
117
87

84
82
79

74
51
95

45
44
53

35
45
35

65
73
60

62
78
69

75
98
89

9.6

1

r

T
r
r

p. 108

p. 260

5 867
2, 069
3, 798

6 874
2 459
4,415

-•73
105
'78

89
125
95

3 465 r 3 968
3, 560 '3 199
5 323 r 5 389

3 899
3 693
5 650

7 266
2, 320
4,947
76
108
108

r

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption _
Stocks end of month

3 791
3, 545
5 449

3,624
3,311
5 795

3 738
3,588
5 967

3 249
3, 358
5, 891

3 032
2, 966
5 948

3 449
3,400
6 471

3 100
3,222
6 212

3 516
3,599
6 169

3 170
3, 510
5 983

3 357
3,664
5 424

753
550

783
542

759
538

770
544

719
548

752
561

712
519

677
515

762
519

728
517

778
536

778
516

2, 110
'95
1,216
215

2,196
103
1,277
208

2,054
82
1,183
207

2,228
97
1,298
^27

2, 074
91
1,194
230

1, 848
83
1,040
187

2, 108
99
1,218
222

1, 957
91
1, 151
200

2,245
107
1,311
221

2,177
97
1,278
225

2,298
114
1,335
221

2,265
100
1, 326
222

'274
100
'209

275
109
225

261
110
212

284
113
208

265
100
193

261
90
187

268
96
204

243
75
197

275
104
227

256
104
218

281
117
230

266
119
234

899
279
542
78

902
299
529
74

927
312
543
72

911
301
538
71

938
323
546
69

957
342
546
69

897
294
534
69

882
317
499
66

889
312
507
70

914
325
524
66

898
339
497
62

915
349
505
61

do
do
do

54
24
30

95
34
61

99
32
67

107
36
71

90
31
60

98
33
64

95
34
61

88
23
65

109
32
78

109
43
66

100
36
64

_ . _ do
do
do

203
15
188

198
15
184

230
15
215

199
14
185

198
14
184

229
19
210

175
9
166

185
12
174

195
14
181

208
12
196

2, 872 '2,954
1 284
1 288
1, 306
1,368
' 14
12
'286
-268

2,820
1,216
1,305
12
287

2,988
1 340
1,345
13
290

2,794
1,254
1,278
12
250

2,521
1, 165
1,123
11
222

2,793
1,295
1,257
10
230

2,639
1,219
1,214
10
196

3,004
1,354
1,386
12
253

thous cords (128 cu ft )
__ _
do
do

Waste paper:
Consumption _ _
Stocks, end of month

3 172 ? 3 448
3 224 ' 3. 374
5 181 5 483

thous. sh. tons
_ do

785
510

ProductionTotal, all grades
thous. sh. tons
Dissolving and special alpha.. _
do___
Sulfate
_ do
Sulfite
do

2 032
92
1,152
207

_ _

T

'684
' 531

501

WOOD PULP

Groundwood _ _
_ _ _ _
_
Defibrated or exploded
Soda, semichem., screenings, etc

_

Stocks, end of month:
Total, all mills
Pulp mills _ __ _
Paper and board mills
Nonpaper mills

do
do__ .
do
- 0.0 .-

Exports all grade? total
Dissolving and special alpha
All other
__
Imports, all grades, total
Dissolving and special alpha
All other

do
do
. _-do. _

_
.

r
r

269
103
209

r

' 1 990 2 305
80
97
'1,166
1 347
179
217
256
102
208

278
120
245

932
356
515
61

935
347
526
62

917
332
509
77

107
43
64

93
35
58

88
37
51

168
12
156

209
18
191

224
11
213

190
12
178

2,940
1,306
1,360
11
264

3,070
1,340
1,427
11
291

3,094
1,325
1, 453
13
303

r

PAPER AND PAPER PRODUCTS
All paper and board mills, production:
Paper and board, total
thous. sh. tons
Paper
do
Paperboard
do
W^et-machine board
do
Construction naner and board
do
r
Revised.
1

' 2, 838 r
'r 1 256TT
1, 290
12
'280

* Preliminary.
Prices beginning Jan. 1961 not strictly comparable with earlier data. Jan. 1961 prices
comparable with Dec. 1960: Kerosene, $0.115; fuel oil, $0.105.




' 2, 697
' 1,166
' 1 , 245
'8
277

3,165
1 354
1,486
11
315

Sept.

SURVEY OF CURRENT BUSINESS

October 1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

S-37

1960

Monthly
average

Aug.

Sept.

Oct.

1961
Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

June

May

July

Aug.

Sept.

PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, exc. building paper, newsprint, and paperboard (American Paper and Pulp Assoc.):
Orders, new 9
thous sb tons
Orders, unfilled, end of month 9
do
Production
_
do
Shipments 9
do
Stocks, end of month 9
.
_ do
Fine paper:
Orders new
do
Orders, unfilled, end of month
do
Production _
do
Shipments
do
Stocks, end of month ,
. do
Printing paper:
Orders, new
do
Orders unfilled, end of month
do
Production
_ __
do
Shipments
do
Stocks, end of month
_
do
Price, wholesale, book paper, "A" grade, English
finish, white, f o.b. mill
$ per 100 Ib
Coarse paper:
Orders new
thous sh tons
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
do
Shipments from mills
_
do_
Stocks at mills end of month
do
United States:
Production
do
Shipments from mills
do
Stocks at mills, end of month. _
do_ _
Consumption by publfehersd 1 --_ do
Stocks at and in transit to publishers, end of
month cf
_
- thous. sh. tons
Imports
do
Price, rolls, contract, delivered to principal ports
$ per sh. ton
Paperboard (National Paperboard Assoc.):
Orders new
thous sh tons
Orders unfilled end of month
do
Production, total
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
___mil. sq. ft. surf. areaFolding paper boxes, shipments, index of physical
volume
,
1947-49=100

r
r

929
701
1,092
910
558

926
682
1,113
922
630

894
655
1, 113
934
630

866
648
1,060
883
627

966
659
1,160
951
644

857
625
1,084
879
661

819
586
1,012
844
647

934
618
1,118
899
644

903
641
1, 056
867
657

1 016
665
1,176
976
643

962
678
1,147
935
'662

146
90
146
145
131

144
79
148
145
156

144
82
148
149
156

129
71
141
138
153

142
73
144
146
156

142
75
145
145
163

134
70
134
135
149

144
78
142
143
153

154
93
142
147
153

164
90
160
160
145

157
98
156
155
154

389
401
374
370
250

398
396
394
391
270

384
384
401
400
272

375
388
378
381
270

427
396
408
408
270

375
368
389
389
270

348
333
374
375
269

412
367
386
381
275

397
370
372
369
277

442
394
417
414
280

405
394
382
381
281

16.28

16.85

16.95

16.95

16.95

16.95

16.95

16.95

16.95

16.95

16.95

333
161
333
333
106

324
161
327
325
123

310
144
329
326
120

307
149
309
308
126

333
143
336
335
126

281
134
302
288
139

281
136
278
278
139

320
130
322
313
143

295
133
300
294
150

345
138
336
339
144

341
143
339
338
148

339
T 144
r
340
r
334
149

533
535
227

562
563
209

570
552
9
21

571
590
201

591
588
205

604
645
164

534
558
140

545
509
176

512
469
219

572
528
263

549
559
252

164
164
22

170
169
34

180
172
42

162
168
36

185
183
37

174
177
34

159
167
26

184
167
43

163
168
39

186
178
47

444

461

420

454

517

497

457

422

392

621

634

646

654

615

626

628

633

648

T

r

955
641
1,r 160
953
r
661

r

812
597
784
784
583

971
'659
'1,162
'958
'680

158
91
159
155
147

r

150
'86
'160
'152
'156

137
84
128
128
146

396
362
404
403
r
283

M22
r
379
'407
'403
'286

369
359
356
356
286

16.95

16.95

16 95

'344
r
153
r
340
r
340
r
157

306
154
300
300
151

592
583
261

558
573
246

555
553
249

585
609
225

163
176
34

186
179
41

166
171
36

171
164
43

192
186
49

469

479

486

447

413

417

611

594

589

594

618

671

r

T
r

r

p 16. 95

438

451

486

429

475

504

475

422

415

493

421

512

484

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

1,334
477
1,330
92

1,322
427
1,328
89

1,407
418
1,435
94

1,311
429
1,316
88

1.390
418
1,398
93

1,272
409
1,313
86

1,182
372
1,212
73

1,212
380
1,201
87

1,242
399
1,219
89

1,454
441
1,436
91

1,304
421
1,317
91

1,462
448
1,452
91

1,409
427
1, 425
94

1,237
472
1,184
78

1 541
521
1,501
95

1,470
571
1,423
92

9,166

9,044

9,920

9,707

9,501

8,781

8,186

8,254

8,082

9,667

8,936

9,707

9,927

8, 570

11, 170

10, 541

126.9

124.0

129.1

133.0

132.4

116.6

124.0

112.0

109.4

132. 5

106.8 p 131.9

35.28
63.40
29.87
.325

35.88
67.87
34.84
.300

30.02
70. 22
34.24
.291

37.80
66.97

108. 45 2112.79
82. 81
90.56
251. 27 248. 87
23.50
22.94

107. 49
92.71
243 17
20.13

111.03
78.36
253. 44
21.92

114. 94
97.40
239 84

25.12
21.98
32 60

19.11
17.30
33.27

22.50
20 59
33 04

r

* 130. 8 * 117.2 ' 127. 8

r

444

134. 40 P 134. 40

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
__
thous. Ig. tons
Stocks, end of month
do
Imports, incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)___$ perlb_.
Synthetic rubber:
Production
Consumption
Stocks end of month
Exports

_

46.25
79.78
47.80
.365

39.92
78.48
34.23
.385

37.21
82.38
39.60
.368

36.72
82.23
31.83
.350

36.99
76.12
26.91
.343

35. 92
71.61
30.41
.311

31.85
77.28
39.08
.289

35.15
80.24
33.75
.285

31.87
76.41
26.77
.294

34. 91
72.36
28.74
.305

thous. Ig. tons__ 114. 97
89.39
do
187. 87
do
do_ _
24.46

119. 70
89.94
232.02
28.74

121. 64
88.96
242. 74
30.54

112. 85
87.72
242. 96
24.28

110. 99
89.19
238. 59
23.17

110. 46
86.58
240. 04
23.38

104. 66
80.42
242. 79
23.50

105. 81
286.20
236. 25
26.29

101. 24
77.73
233. 04
26.38

112. 58
86.01
235. 63
27.98

do.
do
do

25.34
24.20
26.62

24.40
23.04
32.02

23.55
21.29
33 98

22.26
21. 93
33.95

23.56
23.08
33.52

22.02
20.84
33.78

20.02
19.76
32.80

22.53
22.05
33.10

19.72
18.55
33.49

21.82
20.56
32.70

thous

9,828

9,987

9,147

9,184

9,530

9,044

8,804

9,221

8,591

9,212

8,882

9,604

9,919

8,881

10 345

do

9,373
2,849
6,405
119

9,976
3,350
6 482
143

8,941
1,578
7 213
151

9,630
2,950
6,560
120

10, 014
3,589
6,304
121

8,303
3,425
4,772
105

7,650
3,087
4, 452
112

9,130
2,449
6,590
91

7,004
2,191
4, 722
92

9,166
2,448
6 595
123

10, 232
2,934
7 202
96

11,192
3,377
7 716
99

11, 709
3, 123
8 473
113

9,598
2,023
7 490
84

10 269
1 928
8 215
126

22, 213
do
92
do. _

26,558
117

26, 298
104

25, 893
110

25, 499
73

26,290
76

27, 540
88

27, 682
79

29, 338
83

29, 385
96

28 033
85

26,503
79

24 800
76

24 098
83

24 127

3,838
3, 836
8,076
76

3, 415
3,399
10, 324
107

r

3,024
2,894
10, 446
84

3,067
3,000
10, 589
137

2,921
2,657
10, 859
71

2,913
2,817
11 034
110

3,208
5,076
9 394
57

3,140
3,277
9 246
75

3,359
3,588
9 014
82

2,939
2,902
9 096
80

3,190
2, 795
9 487
77

2,838
3, 323
8 948
58

2, 733
3,046
8 641
58

3 211
3, 192
8 700

Reclaimed rubber:
Production
Consumption
Stocks end of month

33.21
69.02
24.58
.305

2

21.32
20.74
31 59

23.32
21.99
31.66

.300

.305

TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total

_
.

.

Replacement equipment
Export
Stocks end of month
Exports (Bur of Census)

do
do
.

.

Inner tubes:
Production
Shipments _
Stocks end of month
Exports (Bur. of Census)

do_ _
do_ _
do
do

r

2, 958
'3,117
!0 385
107

r
Revised.
v Preliminary.
1 July data exclude estimates for tissue and miscellaneous papers.
2
Data for stereo and other elastomers (except polyurethane rubbers) are included
as follows: Production, beginning May 1961; consumption, Jan. 1961; stocks, Apr. 1961.




9 Data exclude estimates for "tissue paper."
c? As reported by publishers accounting for about 75 percent of total newsprint consumption in 1960.

SURVEY OF CURRENT BUSINESS

S-38
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

1960

Monthly
average

October 1961

Sept.

Aug.

Oct.

1961

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

21,851
59
22 148

26, 463

31, 102

24 752

31 313

31,594
88
34 040

32,511
88
31 980

33, 262
89
37, 376

Sept.

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker

__

--thous. bbl
thous bbl
do
do

31. 533

26, 469

20, 505

16, 744

36 623

31,181
89
33 862

33 239

25 232

15 116

14 302

15,038
45
14 447

35 512
25 516

33 244
23 444

30 505
20 232

28 841
17 318

30 095
16 838

35 525
20 954

37 939
25 952

38 553
29 763

38 237
32 250

39 948
32 380

39 789
30 999

37 353
28, 960

37 877
26 189

33 775

604 8 Or 541 8
43 4 a r 40 7
164 4 ° r 154 5

666 8
44 7
198 6

610 0
39 4
186 3

595 9
40 7
167 9

536 7
40 3
143 3

342 4
32 5
108 1

341 6
39 o
114 6

322 8
27 1
90 2

483 2
37 4
128 0

535 6
40 6
147 6

625 3
40 7
165 9

640 4
38 3
178 7

r606 5
37 2
161 2

662, 7
39 9
180 7

28,211
83
28 164

26, 588

33, 270

26 244

31 772
20 045

75

92

87

75

56

46

74

84

21,919

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile except facing
thous sh tons
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil brick eQuivalent
Floor and wall tile and accessories, glazed and unglazed
mil sq ft
Price index, brick (common), f.o.b. plant or N.Y.
dock
1947-49 — 100

r

33 9

39 9

37 5

38 0

37 3

31 9

30 8

28 3

34 8

33 3

39 1

39 8

37 4

40 4

21 0

19 4

21 3

19 9

18 9

17 7

16 6

15 2

15 0

19 1

18 0

20 0

21 0

18 1

22 6

139 0

141 2

141 6

141 7

141 7

141 7

141 7

141 4

141 4

141 4

141 2

141 2

141 2

141 4

141 7

14 644

16 521

13,018

17, 939

34 4

r

GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total and qtrly.
average)
thous $
Sheet (window) glass, shipments
do
Plate and other flat glass shipment^
do

83 433 >-70 524
33, 626 26, 662
49 808 r43 863

Glass containers:
Production

12 867

13 358

15 710

12 938

13 983

11 451

11 156

12 287

12 520

15 171

13 538

14 127

15 243

12 539
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
1 353
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross. - 3,688

12 890

16, 166

14,052

12, 876

11,576

11,307

11,472

11,178

17, 472

10,951

13, 547

15, 684

1 469

2,243

2,747

1,461

1,043

998

1,126

1,112

2,161

1,128

1,186

1,402

r

1,311

2,515

3,698

4, 648

4,322

3,963

3,466

3,219

3,444

3,247

4,809

2,687

3,423

4, 051

* 3, 889

5, 456

724
1,012
1,367

965
1,273
1,128

609
1, 163
1,089

596
1,086
1,200

1,068
2,338
1,422

950
1, 586
1,151

1,310
2,309
1,243

1,756
3,189
1,360

1,269
1,979

1, 048
2,113
1,456

2, 815

2 631

2,867
1, 026
148

2 801

915
178

4, 039
1,434

2,385
972
92

2,994
985
97

2, 761
1,047

201

118

'928
114

3,941
1,220
190

20, 250

20, 613

21,830

19, 410

21, 777

22, 273

21,657

23, 070

21, 529

thous gross

67, 055
26, 912
40 143

59, 906
22 333
37, 573

75 964
31,076
44 888

60, 996
26, 204
34, 792

Beverage
Beer bottles
Liquor and wine

do
do
do

941
1,079
1,280

958
1,376
1,243

848
2,299
1,273

610

570

1,310

1, 579

Medicinal and toilet
Chemical, household and industrial
Dairy products

do
do _
do

2 917
1,114

2 901
1,095

3, 156
1, 139

151

3 406
1,248

2 794
1, 099

166

201

210

147

996
153

16,961

20, 705

21,570

19, 970

20, 932

20, 686

Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production
do

1 533
2 795

1 3^6
2 459

1 492
2,706

1 509
2, 358

850
2,003

1,457
2,499

Calcined production qtrly avg or total

2 317

2 148

2,293

1,957

1,732

2,178

997
78

915
71

971
68

887
71

743
65

997
64

351
390

299
299

328
345

273
275

203
999

276
277

586 5
477 6
1 519 8 1 458 6
59 4
65 8

531 3
1 561 6
66 0

408.0
1,452 5
51.3

360.0
1,209 8
43.4

438.9
1.545.9
64.2

Stocks, end of month

do

960

861

995
141

r

r 1, 045

2,483

GYPSUM AND PRODUCTS

do

Gypsum products sold or used, qtrly. avg. or total:
TJncalcined uses
thous sh tons
Industrial uses
do
Building uses:
Plasters:
All other find ~K"eenp's compiif)
Lath
Wallboard
All other §

do
mil sq ft
do
do

TEXTILE PRODUCTS
APPAREL
13, 321

13,511

13,874

11,640

12, 360

13,016

14, 734

11,779

12, 727

14, 332

12,381

17, 331

1,761
366

1,780 11,715
i 425
548

1,684

1,784

11,650
1 170

1,484

1,460

U,795
i 225

1,620

504

i 1,550
i 545

936
456

1,788

172

1,580

140

889
7 433
1 936

963
7 725
2 017

i 775
944
8 5^0 i g 105
2 072 i 2 095

i 840
5 780 i 5 875
1 972 1 1 880

796

708

940

6 296
1,828

6 616
1,840

i 950
i 7, 780
11,970

7,312
1,592

1,040
8,096
1,768

i 965
i 8, 135
11,975

544
6,368

964
8,960

1,432

2,012

248
323

257
323

280
352

i 280
1310

232
316

204
292

1220
i 260

264
252

264
296

1280
1350

264
304

308
296

i 280
i 285

236
236

340
324

Women's, misses', juniors' outerwear, cuttings:
Coats
_thous. units _ 2,028
21,451
Dresses
do
807
Suits
do

1,982
21,144
789

2,693
21,600
870

2,087
17,824
521

2,276
19,614
610

2,150
20, 022

1,315
15,783
700

1,700
18,413
1,290

2,185
22, 124
1,016

2,137
28, 968
1,068

696
26, 512

1,077
24, 792

1,986
21,867
843

2,081
17,188
1,004

2, 835
21, 759
1,035

1 977
1 310
1 ?92 r \ 323 r 1 3f}()
'844
'820
907
701
'910
Skirts.'
'
'."""'.
do
r
Revised.
i Data cover a 5-week period.
« Revisions for Jan.-Mar. 1960 follow (units as above): Brick, 354.3; 373.6; 393.6; structural
tile, 33.2; 32.9; 34.9; sewer pipe, 105.7; 105.8; 116.0.

1 236

Hosiery, shipments
Men's apparel, cuttings: ^
Tailored garments:
Suits
_Overcoats and topcoats

thous. doz. pairs.. 13,099

12,600

1,757
508

thous. units..
do

„
(
Y \ j
*j
i
i
Shirts (woven fabrics) dress and sport thous doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
do




13, 862

332
879

6 200
1 980

224

920

627

344

499

397

676

1, 335
1 388
1 161
1 368
1 669
1 565
1 °39
1 401
985
854
738
855
753
760
'681
889
794
576
466
§Comprises sheathing, formboard, and laminated board.
1f Data for Sept. and Dec. I960 and Mar. and June 1961 cover 5 weeks; other months 4,
weeks.

SURVEY OF CURRENT BUSINESS

October 1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

S-39
1961

1960

Monthly
average

Nov.

Sept. i Oct.

Aug.

Dec.

Feb.

Jan.

Apr.

Mar.

June

May

July

Sept.

Aug.

TEXTILE PRODIJCTS— Continued
COTTON
Cotton (exclusive oflinters):
Production:
Ginnings§
thous. running bales. _ 1 14, 515
Crop estimate, equivalent 500-lb. bales
thous bales 1 14 558
Consumption^
Stocks in the United States, end of mo.,
total t
Domestic cotton, total _
On farms and in transit
_
Public storage and compresses
Consuming establishments
Foreign cotton, total-.
__. _ . .

14 272

819

3,677

12, 576

8,420

r 684

4 801

667

15 200
446
15 128 14, 378
3,360 '3,711
10 498
9 148
1 270
1 519
72
69

r
20 015
r
19, 915
r

104

11, 252
7 689
974
100

r
!8 915
r
18, 822
r

113
90
32.4
30.8

193
22
32.2
30.5

439
1
31.5
30.2

4 112
129
386

101
226
449

93
221
530

19, 259
17, 652

19,241
17, 618

19, 151
17,507

11, 244
450
10 328

9,204
460
8 464

8, 923
446
8 178

646
926

646
926

r
!4
T

306
11
31.6
33.2

thous, bales
do
do

115
124
652

13, 889
5 860

r I

r

628
11
30.1
31.4

r

2

228

13, 327 3 14, 052

686

2,683
6

r
20 986
r
20, 882
r

748

Exports
do
Imports
do
Prices (farm), American upland
cents perlb..
Prices, middling 1", avg. 14 markets. _ _. do.
Cotton linters:
Consumption!
Production
Stocks end of mo

14, 265

726

do
do
do
do
do
do
do.

1
1

133

r

109
134
538

r

98
44
424

r

4

644
r
r

17, 557
17, 468
7, 851 r 4, 113
9,957 12,112
1 014
1 243
93
89

T
r

726

15. 854
15, 774
r
2 332
11,967
1 475
80

637
r

14, 245

r 14, 172
T

1, 408
11, 107
1 657
73

4

637
r

647

795

r

12, 768 ll, 140
"•12,703 * 11, 083
r
'894
1, 073
8, 244
9,823
1, 945
1 807
57
65

r 9, 913
r

9,r 861
569
7, 258
2,034
52
584
3
29.4
31.4

387
6
29.6
31.8

95
153
670

4 113

138
681

104
114
662

104
84
594

19, 022
17,450

19, 063
17, 451

19, 058
17, 430

19, 008
17, 360

19, 000
17, 346

10, 253
410
9, 426

8,760
438
8,051

8,940
447
8,190

11. 196
448
10, 253

9, 096
455
8, 330

9,312
466
8, 514

642
.924

642
916

629
909

634
.911

641
.911

641
.914

979

845

(5)

(5)

27.6
30.1

26.9
30.4

108
186
591

90
198
652

19,085
17,471

30.1
30 2

4

824

MO

690

7, 163
7, 123
490
4, 749
1,884
40

19, 920
19, 831
13, 821
4,220
1,790
89

306
1
31.4
32.6

32.6
33.1

133
50
517

77
39
471

105
43
385

18, 966
17, 297

18.992
17, 279

19, 065
17, 270

11, 259
450
10, 263

7, 530
376
6, 798

9, 550
478
8, 658

.641
. 924

P. 641
p. 929

15.2

12.3

7 0

5

8, 877 r 7, 814
8, 827 ' 7,
770
r
393
M32
6,354
5, 436
2,041
1, 941
44
50

842
3
28.4
31.1

982
1
28.7
30.2

721
(5)

4

668
r
r

r

250
9
30.9
32.2
4

14,334

32.8
33.4

COTTON MANUFACTURES
Spindle activity (cotton system spindles) :1
Active spindles, last working day, total thous. _ 19, 282
Consuming 100 percent cotton
__ do. _ 17, 642
Spindle hours operated, all fibers, total
Average per working day
Consuming 100 percent cotton

19, 268
17,589

19,266
17, 561

10,039
464
9 190

9, 418
471
8 605

676
941

665
938

651
936

651
936

2 401

r 2 333

^ 2 423

2 193

14.8

13.6

11.0

10.7

9.9

35

4 5

4 5

5 ^

59

39 520
20 080

36 544
37 908

24 085
37, 632

28 857
38, 823

36 179
26, 610

r 26 98

' 29 89 30 34

29 65
38 3
16 5
17.0

mil.. 10, 224
do
473
do
9 356

Cotton yarn, natural stock, on cones or tubes:
Prices,
f.o.b. mill:
9
0/2 carded weaving
$ per Ib
36/9 combed knitting
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production qtrly avg or total
mil lin vd
Orders, unfilled, end of mo., as compared with
avg. weekly production
No. weeks' prod..
Inventories, end of mo., as compared with avg.

YP

Imports

do

Mill niar°'insf
cents per Ib
Prices, wholesale:
Denim, white back, 10 oz./sq. yd.
Print cloth 39 inch 68 x 72
Sheeting class B, 40-inch, 48 x 44-48

do
do

r

36 5
16 8
17 2

r

38 9
17 4
17.2

38 3
17 5
17.4

4
4

4

4

4
4

T

2 236

4
4

.641
.916

r

2,313

2. 253 ... ...

11.4

9.9

10.1

10. 9

11.9

9

6 0

5 9

5 8

34 502
25, 896

40 810
35, 294

42 327
26. 326

41 651
20, 618

43 913
20- 868

38 473
16, 477

34 -135
20. 764

39, 971
14, 338

26. 837
16, 934

28. 59

27. 99

2fi. 61

26. 05

25.37

24. 32

24. 00

23. 68

23. 51

23. 43

23. 94

38 3
15 8
16.5

38 3
15 3
16.6

38 3
15 1
16.5

38 3
15 0
16.5

38 3
15 0
16.3

38 3
15 0
16.0

38 3
15 0
15.9

38 3
15 0
15. 9

38 3
15 0
15.9

38.3
15.0
15.9

P38.3
Pl5. 3
P 16. 3

7 52. 0
32.0

756.4
735.7

9.5

6

11.6

11.6
5 6

9

MANMADE FIBERS AND MANUFACTURES
4
4
8
3

456 9
163 6
78 5
169 3

36 9

44 8

4 228
2 816

6 605
3 620

9, 091
3 Q42

6, 412
3 591

6, 994
3 710

6,539
3 557

6, 243
3 766

8,178
3 029

5, 901
3 029

6,461
4 036

8, 046
3 370

6,444
3 261

4,421
5,216

7, 059
4,216

do
do

426
9 864

379
5 142

477
4 161

314
3 583

345
4, 171

290
3, 335

236
4,326

276
3,323

444
3,076

490
2,872

527
2,277

504
1,870

519
2,629

599
2,045

Staple incl tow (rayon)

do

47 4
50 4

63 4
56 1

65 3
61 0

68 3
59 1

68 3
55 1

68 0
51 1

65 2
53 9

63 6
57 4

59 8
58 4

57 8
61.3

58 4
61.3

59 9
57.0

60 8
56.3

'63. 1
58. 6

59.1
55.3

Prices, rayon (viscose;:
Yarn filament 150 denier
Staple 1 5 denier

$ per Ib
do

80
32

82
29

82
28

82
28

82
28

82
28

82
28

82
28

82
28

.82
27

.82
27

.82
26

.82
.26

.82
.26

p. 82
P. 26

8
368 1

Fiber production qtrly avg or total

mil Ib

StTole incl tow (ravon)

do

Textile glass fiber (exc. blown glass wool and
pack)
mil Ib
Exports:
Yarns and monofilaments
Staple tow and tops
Imports:
Yarns and monofilaments
Staple tow and tops

thous Ib
do

Stocks, producers', end of mo.:

Manmado fiber broadwoven
fabrics:
Production qtrly av(r or total 9
xxdyu

d

^

y • fi

i

"

mil lin yd

••+

Polyester and chiefly polyester blends*

i

do

472
184
89
161

447
157
76
168

419
146
77
157

6
4
5
7

37.9

45 0

rS
611
r8

33.4

33.5

r
T

r

7

r 598 g
r 358 i
104 2

8 99 i

564 0
334 9
81 1
98 8

13 834

12 871

11 301

11 409

14 682

13 628

12 464

10 907

11 331

13 410

11 334

11 188

10. 046

9.532

670
4 10

573
4 60

938
4 79

661
4.92

544
4.86

544
4.75

423
4.78

509
5.14

342
5.03

522
5.12

449
5.09

566
5.20

540
5.18

419
'5.21

7. 162

r 6. 784

6. 381

6.739

r 83 6

r 8 9Q 7

585 7
340 9
75 6
115 8

r8

r
p
l
2
Revised.
Preliminary.
Total crop for year.
Ginnings to Dec. 13. 3 Girmings
5
to Jan. 15. 4 Data cover a 5-week period.
Less than 500 bales. 6 Oct. 1 estimate of 1961
8
crop.
7 Data are for month shown.
Revision for 2d qtr. 1960.
STotal ginnings to end of month indicated, except as noted.
^fData for Sept. and Dec. 1960 and Mar. and June 1961 cover 5-week periods; other months,
4 weeks.




470.2
154 6
92.5
189 6

6
6
1
3

617
404
81
85

SILK
Imports raw
thous Ib
Price raw AA, 20-22 denier
$ ner Ib
Production, fabric, qtrly. avg. or total
thous. lin. vd

8
2
0
2

441
148
90
170

8
1
9
9

6,679

571
341
65
117

r

7
6
6
2

5,781

578.5
356 6
63.6
102.5

P5.44

5,309

JRevisions for 1959 are available upon request.
fRevised series. See note in the Sept. 1961 S U R V E Y ; data for Aug. 1957-June 1960 are
available upon request.
9Includes data not shown separately. *New series (Bureau of Census)', data prior to
1960 will be shown later.

SURVEY OF CURRENT BUSINESS

S--40
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1959

1960

1960

Monthly
average

October 1961

Aug.

Oct.

Sept.

1961
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

17,910 i 22, 598
11,457 i 11,954
18, 975 24, 430
7,305 11,904

20,144
10, 198
22, 706
12,078

22,799 i 27, 206
10,641 i 12,9^5
20, 851 20, 490
10 238 10, 134

June

July

Aug.

19, 107
9,294
24, 648
12 223

22, 430
13 146

Sept.

TEXTILE PRODUCTS- Continued
WOOL
Wool consumption, mill (clean basis) :ft
Apparel class.
thous. lb._
Carpet class
_ _ _
__
. .do. Wool imports, clean content
_.
_. do
Apparel class, clean content._ _ _
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per Ib
Graded fleece, % blood _ _ „
do
Australian, 64s, 70s, good topmaking, in bond
$ per lb_-

20, 444 '22 649
14,504 '•15.337
19,205 17, 921
7,239
7, 800

17,629
12 ^25
17. 632
6.715

16 865
1 2, 090
21, 547
9,516

r

21, 901
14.034
25.116
10, 201

20, 356
13, 555
19, 597
8,202

1.216
1.021

1. 165
1.070

1.125
1.065

1.125
1.065

1. 125
1.036

1 125
1.025

1 125
1.025

1 125
1.025

1.125
.988

1.125
.975

1 150
.992

1 210
1.020

1 200
1.022

1 201
1 010

1 228
1 052

1 230
1 075

1.079

1.166

1.175

1.175

1.075

1.075

1.075

1.075

1.075

1.075

1.100

1.125

1.125

1.125

1.125

1.125

101.0

98.5

98.5

97.2

97.2

96.0

94.7

93.5

94.7

99.7

99.7

99.7

99.7

103.1
90 8

103 1
90 8

r 67. 7

60 4
1 317

15, 876 U7,3P8
11,736 1 13. 986
15, 182 14, 953
6,225
7, 606

WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
system, wholesale price
1947-49=100 _
Woolen and worsted woven goods, exc. felts:
Production Qtrlv avg or total
thous lin yd
Apparel fabrics total
do
Other than Government orders total
do
Men's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel, men's and bov's
1947-49=100 .
Gabardine, women's and children's
do

99.4

101.2

77 708
75, 867
75 459
33. 193
42, 266

70 824
69, 364
68, 475
27, 940
40, 535

106.0
91.5

107.2
92.3

68 507
66, 974
66 579
24, 838
41,741

106.3
92.4

106. 3
92.4

62 888
61, 758
60, 410
24, 589
35, 821

60 058
58, 555
57,046
22, 298
34, 748

106. 3
92.4

106. 3
92.4

106. 3
90. 8

104.0
90.8

77 282
76 035
75, 537
30. 004
45, 533

104.0
90.8

101.0
90. 8

104.0
90.8

103.1
90.8

103.1
90.8

TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc:
Orders, new (net), qtrly. avg. or total
2, 551
9 814

2, 813
9 749

3 065
9 593

2,874

12 120
5 452

12 496
5 406

12,463
5 691

12 4%
5 406

75.0
1,928

103.4
2,347

97.6
2, 033

108. 5
2,234

81.1
1,912

88.1
2,028

82.3
2, 100

82.1
1,996

81.8
1,915

83.4
1 , 988

100. 2
2.198

114.7
2, 451

97.5
2,160

thous. $ _ _ 12,391

44, 758

46, 641

59, 244

30, 589

37, 580

36, 253

20, 195

28, 282

32, 590

38, 634

28, 516

61, 572

9, 839

560. 7
534 7
212
184
465. 9
456. 2
94.6
78.3

655. 8
625 7
347
323
556.2
544.2
99.2
81.2

390. 3
374 4
358
347
324.0
320.7
65.9
53.3

463. 9
444 6
211
148
386. 7
378. 4
77.0
66.0

703.2
671 8
447
396
627.7
610. 8
75.0
60.6

687. 8
655 0
338
307
600.5
580.7
87.0
73.9

613.9
587.8
251
231
520. 7
507. 8
92.9
79.8

485.9
462. 8
278
278
406. 6
395.1
79.0
67.4

448.2
419.0
198
196
363. 2
351.1
84.8
67.7

526. 1
490. 3
255
254
425. 9
410.5
99.9
79.6

547. 7
520.8
425
425
453.4
442.7
93.9
77.6

641. 6
615. 0
375
372
539.9
529.4
101.4
85.2

681.8
644. 1
397
380
567.6
557. 1
113.8
86.7

498.0
473 2
344
321
407.3
400.0
90.3
72.8

23, 655
9, 573
14, 083

27, 656
10, 483
17,173

31, 485
4,386
27, 099

14, 111
5, 105
9,306

26, 643
14, 182
12, 461

26, 461
15, 965
10, 496

30, 897
12, 343
18, 554

19, 927
10, 315
9,612

20,424
10, 496
9,928

27, 314
13, 464
13, 850

23, 176
9,589
13, 587

23, 854
9,443
14, 411

24, 247
7,980
16, 267

28, 617
8,295
20, 322

do
do

59, 691
57 807

4], 279
39, 271

22, 347
20 885

24, 717
22, 916

26, 688
24,811

21,215
19 985

29,065
27, 443

26, 021
24, 293

23, 482
22, 099

24, 268
23,173

22, 425
21, 684

26,297
25, 336

23,892
23, 472

20,985
20, 313

do
do
do

5,722
3 375

4,875
2,916

4,134
2,513

3,615
2, 195

3,771
2,3 164
184

3,656
2,218
3
99

3,133
1,879

3,045
1,738

3,098
1,817

4,175
2,460

3, 838
2,102

4,210
2,304

4,679
2,753

3,757
2,259

367

tbous
do
do

503. 4
51.2
78 5

548. 1
41.6
78 6

525.4
42.6
81 4

458.8
40.4
76. 1

547. 5
36.7
74.2

543.0
32.5
67 5

544.3
32.3
73.2

413.6
25.6
62.3

374.9
26.8
59.3

480.1
34.1
72.5

573.4
37.2
81.5

< 501.0
433.9
483.8

6 462. 8
634.2
681.2

3,204
2,097

4,776
3, 124

4,315
2,506

4,355
2,984

4,657
3,185

3, 944
2,210

4,291
2,661

3,515
2,261

1, 958

757

3,874
2,180

2,933
1, 156

3,360
1,588

3,142
2,085

1,234

2,428
1,701

1,652
2, 963
1,872

1,809
1,334

1,371
2,156
2,150

1,472
5,664

1,630
2,174
1,484

1,201
1,536

438

1,694
1,802
1,795

1,777
2,040

906

1,734
3,732
2,692

1,254
1,179

709

824

1,772
3,651
2,030

1, 057
1,217
1,082

2,589
2,431

1,507
36 615
16, 342

625
' 1, 091
31 977 23, 951
14, 758 10, 773

6

4, 758
22 905
7,616

1,040
22 781
8,178

690

752

65

15, 807
4,284

1,621
13,970
4,344

158

18, 894
5,023

1,216
13,664
3,902

135

21, 070
6,857

1,098
18, 429
4,669

7

21, 692
9,874

11, 830
3,341

10, 785
5,008

9,831
4,716

20 273

17 219

13 178

11,818

15 289

14,603

14, 213

13, 871

13, 760

11, 523

9,702

9,626

8,489

5,777

5,115

6
140

20
265

27
288

32
256

33
223

21
202

26
176

14
162

31
131

44
112

31
81

18
116

8
294

13
281

21
260

1,678
7 2

1,662
9 4

1,672
88

1,668
89

1,666
8 9

1, 664
9 2

1,662
9 4

1,659

1,654

1,650

1,646

1,642

1,638

1,628

1,624
9 5

mil $
Salec (net) qtrlv avg or total
do
Backlog of orders, total, end of year or qtr.
mil
$
For TT S military customers
do

Civilian aircraft:®
Shipments
Airframe weight

mil $
thous Ib

Exports (commercial and civilian).-

9 841

r

1 510

MOTOR VEHICLES
Factory sales, total
Domestic
Coaches, total
Domestic
_
Passenger cars, total
Domestic
Trucks, total
Domestic

thous__
do
number. _
do
thous_.
do
do
do

Exports, total
_ _ _
Passenger cars (new and. used)
Trucks and buses

number
do
do

Imp®rts (cars, trucks, buses), total cf
Passenger cars (new and used)^
Production, truck trailers:
Complete trailers, total
Vans
Chassis von bodies for sale separately
Kegistrations:O
New passenger cars
Foreign, cars
New commercial cars

_

561

545

670

389

531

768

603

582

533

4 499. 5 4 546. 2
*33.6
*35.2
4
74. 5 4 85. 7

526

243. 5 2 438. 4
224 2
288
(5)
270
172.8 2 335. 0
168. 4
70.4 2 s 83. 4
55.5

515

RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
_
number
Equipment manufacturers
do
Railroad and private-line shops, domestic
number
New orders total
do
Equipment manufacturers
do
Railroad and. private-line shops, domestic
number
Unfilled, orders end. of mo total
do
Equipment manufacturers
do
Railroad and. private-line shops, domestic
number
Passenger cars (equipment manufacturers):
Shipments, total
do
Unfilled orders, end of mo., total
_ do
Association of American Railroads:
Freight cars (class 1) : §
Number owned end of year or mo
Held for repairs % of total owned

thous

1,107
4,780
3,273

r

r
l
2
Revised.
» Preliminary.
Data cover
5 weeks.
Preliminary estimate of produc4
tion.
3 Excludes data for van bodies.
includes6 estimate for one State.
s Figures for coaches are included with trucks.
Excludes data for one State.
HData for Sept. and Dec. 1960 and Mar. and June 1961 cover 5 weeks; other months, 4
weeks.




427

9.7

9.9

9.6

9.7

9.9

9.3

764

470

9.3

t Revisions for 1959 are available upon request.
©Data include military-type planes shipped to foreign governments.
cfData cover complete units, chassis, and bodies.
©Courtesy of R. L. Pclk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.

727

1 , 474
1,409

INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade

.

Employment and population
.
Finance.. —
Foreign trade of the United States
Transportation and communications

1-7
7, 3
9,10
10-12
12—16
16-21
21-23
23, 24

Industry 2
Chemicals and allied products _ ,
Electric power and gas
Food and kindred products; tobacco
Leather and products

24, 25
26
26-30
30, 31

Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, arid paper products

31
32-34
_ 35, 35
35, 37

Rubber and rubber products
Stone, clay, arid glass products
Textile products
Transportation equipment

_

37
38
38-40
40

INDIVIDUAL SERIES
Advertising
10, 11
Agricultural loans
16
Aircraft and parts
3, 13-15, 40
Airline operations
23
Alcohol, denatured and ethyl
25
Alcoholic beverages
8, 10, 26
Al umi num
__
33
Apparel
1, 3, 4, 7, 8, 10-15, 38
Asphalt and tar products
35, 35
Automobiles, etc___ 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Balance of international payments
2
Banking...
16, 17
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 25
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, salesf
yields
18-20
Brass and bronze
33
Brick___
38
Brokers' balances
20
Building and construction materials. 8-10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
32
Cascadings
23, 24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms with 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 24, 25
Cigarettes and cigars
8, 10, 30
Civilian employees, Federal
14
Clay products__
_ _ 8,38
Coal
4, 8, 13-15, 22-24, 35
Cocoa
23, 29
Coffee
23, 29
Coke
23, 24, 35
Communications
13-15, 19, 20, 24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9, 10
Employment, hours, earnings, wages
13-16
Highways and roads
9, 10
Housing starts
9
New construction put in place
1,2,9
Consumer credit
17, 18
Consumer expenditures
1, 2
Consumer goods output, index
3,4
Consumer price index
7
Copper
23, 33
Corn_____
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7, 8, 21, 22, 39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17, 18
Crops
3, 7, 27, 28, 30, 39
Crude oil and natural gas
4, 13-15, 35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government-..
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales




3, 7, 27
16
18
11, 12, 17
16, 17, 19
16
26
3,18-21
11,12

Earnings, weekly and hourly
14-16
Eating and drinking places
11, 12
Eggs and poultry
3, 7, 29
Electric power
4, 8, 26
Electrical machinery and equipment
3,
5, 6, 13-15, 19, 22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities)
1,
2,21,22
Express operations
._
23
Failures, industrial and commercial-.
7
Fans and blowers
34
Farm income, marketings, and prices
1,3, 7
Farm wages
15
Fats and oik
8,29, 30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks.. _ _ _
17
Fertilizers
8,25
Fire losses
_
10
Fish oils and fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products._._ 4-8, 10, 11, 13-15, 19, 22, 23, 27-30
Foreclosures, real estate
10
Foreign trade
21-23
Foundry equipment
34
Freight carloadings
23, 24
Freight cars (equipment)
4, 40
Fruits and vegetables______
7, 8, 22
Fuel oil
_ _ __ 35,36
Fuels
.
4, 8, 35, 36
Furnaces
34
Furniture
3,4,8,10-15,17
Furs
23
Gas, output,, prices, sales, revenues
4, 8, 26
Gasoline
1, 35, 35
Glass and products
33
Gl veer in
25
Gold
2, 19
Grains and products
7, 8, 22-24, 27, 28
Grocery stores
.
11, 12
Gross national product
,
1, 2
Gross private domestic investment
1, 2
Gypsum and products..
8,38
Hardware stores _ _ .
.
11
Heating equipment
8,34
Hides and skins
8, 30
Highways and roads
9, 10
Hogs
28
Home Loan banks, loans outstanding
10
Home mortgages
10
Hosiery
.
38
Hotels
14, 15, 24
Hours of work per week
14
Housefurnishings
1, 4, 7, 8, 10-12
Household appliances and radios
4, 8, 11, 34
Housing starts
9
Imports (see also individual commodities)-. 1, 21-23
Income, personal
2,3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit
17, 18
12
Installment sales, department stores
Instruments and related products
3, 13-15
34
Insulating materials
18,19
Insurance, life
17
Interest and money rates
Inventories, manufacturers' and trade
4-6, 11, 12
5
Inventory-sales ratios
Iron and steel, crude and manufactures
3,
5,6,8, 10, 19,22, 23, 32,33
Labor disputes, turnover.
Labor force
Lamb and mutton
Lard
Lead_

16
12
28
28
33
Leather and products
3, 8, 13-15, 30, 31
Life insurance
18, 19
Linseed oil
.
30
Livestock
3, 7,8, 24, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10, 16, 17, 20
Lubricants
35, 36
Lumber and products
3, 5, 6, 8, 10-15, 19, 31

Machine tools
34
Machinery
3, 5, 6, 8, 13-15, 19, 22, 34
Mail order houses, sales
11
Manmade fibers and manufactures
8, 39
Manufacturers' sales, inventories, orders
4-6
Manufacturing employment, production workers, payrolls, hours, earnings
13-15
Manufacturing production indexes
3,4
Margarine
29
Meats and meat packing
3, 7, 28
Medical and personal care
7
Metals
4-6, 8, 13-15, 19, 23, 32-34
Milk
27
Mining and minerals
2-4, 8, 13-15, 19, 20
Monetary statistics
19
Money supply
19
Mortgage loans
10, 16, 17
Motor carriers
23
Motor vehicles
1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Motors and generators
34

National defense expenditures ______________ 1,18
National income and product ________________ 1, 2
National parks, visits _______________________ 24
Newsprint_________________________________23, 37
New York Stock Exchange, selected data_______20, 21
Nonferrous metals___________________8, 19,23,33,34
Noninstallment credit ____________ __________ 17
Oats_____________________________________27
Oil burners _________________________ ------ 34
Oils and fats_______________________________8,29,30
Orders, new and unfilled, manufacturers' _____ 6
Ordnance____________________________________13-15
Paint and paint mater: 3 Is __________________ 8,25
Panama Cana! traffic_________________________ _
24
Paper and products anci pu'r> __________________ 3,
5, i5, 8, 13-15, 19, 23, 36,37
Parity ratio________________________________________7
Passports issued_________________________________24
Payrolls, indexc3__. _________ _____________ 14
Pe sonal consumption expenditures ______ ___ 1,2
Personal income _ _ _
___________________________
2,3
Petroleum and or oducis _____________________ 4-6,
8, 1!, 13-15, 19, 22,23,35,36
Pig iron___________________________________________________32
Plant and equip-nent expenditures
---------- 2, ?0
25
Plastics ar.d rc,-in rnatt-nn'^________________
31
12
Population
?8
Pork
Postal savings _ _ ______________________________________17
Poultry and eggs .__________________________________3, 7, 29
Prices (see also individual commodities) _______ 7, 8
Printing and publishing_______________________4, 13-15
Profits, corporate____________________________________1 , 19
Public utilities_________________2-4, 7-9, 13-15, 18-?'
Pullman Company ______________________ _ _
24
Pulp and pulpwood________________________________36
Purchasirg power of the dollar ____ _________ 8
Radiators and convectors ____________________34
Radio and television__________________4, 8, 10, 11,34
Railroads_______________2, 13, 14, 15, 18-21, 23, 24,40
Railways (local) and bus lines ____________ 13 15, 23
39
Rayon and acetate ___________________________
Real estate_________________________________10, 17, 18
18
Receipts, U.S. Government ______________________
Recreation _________________________________ _ _
1
34
Refrigerators and home freezers_____________ _
7
Rent (housing) __________________________ _ _
Retail trade _1__________________4 , 5 , 7 , 9 , 11 15, 17
27
Ri _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Roofing and siding, asphalt __________________ 36
Rubber and products___________4-6, 8, 13-15, 23, 37
Rye _____________________________________ 27
Saving, personal ___________________________ 2
17
Savings deposits _______________ *. ___ -------Securities issued __________________________19, 20
Services _______________________________ 1, 2, 13-15
28
Sheep and lambs _______________ ------------Shoes and other footwear______________1, 8, 11, 12, 31

Silk, prices, imports, production _____________8,39
Silver _____________________________________ 19
Soybean cake and meal and oil _____________ 30
Spindle activity, cotton ____________________ 39
Steel ingots and steel manufactures ---------- 32, 33
Steel scrap ________________________________ 32
Stock prices, earnings, sales, etc
------------- 20, 21
Stocks, department stores __________________ 12
Stone, clay, and glass products ______________ 3-6,
8, 13-15, 19, 38
Stoves and ranges ___________________________34
Sugar_ __ ___ __ _
__
________________ 23,29
Sulfur ____________________________________ 25
Sulfuric acid _______________________________ 25
Superphosphate ____________________________25
29
Tea imports__________________________- ---Telephone, telegraph, cable, and radiotelegraph carriers __________________ 13-15, 19, 20, 24
Television and radio ________________ 4, 8, 10, 11, 34
Textiles and products— 3, 5, 6, 8, 13-15, 19, 22, 38^0
Tin______________________________________23,33
Tires and inner tubes __________ -------- 8, 11, 12, 37
Tobacco and manufactures _______ 4-8, 10, 13 15, 30
22,34
Tractors ___________________________________
Trade (manufacturing, wholesale, and retail)_________________________________4-6, 11, 12
Transit lines, local _________________________ 23
Transportation _____________________ 1,2, 7, 23,24
Transportation equipment________3-6, 13-15, 19, 40
24
Travel ____________________________________
Truck trailers ______________________________40
34, 40
Trucks (industrial, motor) _____________________

Unemployment and insurance________________12,16
U.S. Government bonds__________________16-18, 20
U.S. Government finance __________________ ---- 18
Utilities_____________________2-4, 9, 13-15, 18-21, 26
Vacuum cleaners______________________________34
Variety stores ______ ________________________ 11, 12
Vegetable oils____________________________________29,30
Vegetables and fruits___________________ _________7,8,22
Vessels cleared in foreign trade ________________ 24
Veterans' benefits____________________________16, 18
Wages and salaries_______________________1, 3, 14-16
Washers __________________________________ 34
Water heaters__________________________-34
Waterway traffic ____________________________ 24
Wheat and wheat flour _______________________ 28
Wholesale price indexes ________ ----------- -8
Wholesale trade___________________________4, 5, 12
Wood pulp______________________________________36
Wool and wool manufactures ____________ 7, 8, 23, 40
Zinc _____________________________________ 33, 34

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BUSINESS STATISTICS
1961 edition
-[NOW A V A I L A B L E ] THIRTEENTH VOLUME in a series of
statistical supplements to the monthly Survey of
Current Business, the new 1961 biennial edition provides historical data for each of over 2,500 economic
indicators.
Monthly data are shown back to 1957, with
quarterly series back to 1951 and annual averages
from 1939. Explanatory notes for each series refer
to the source and methodology used, define the
statistical units, and specify both the comparability
of current and past figures and the adequacy of
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