Full text of Survey of Current Business : October 1965

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OCTOBER 1965 / VOLUME 4S NUMBER

1

%J

SURVEY OF eUBRENT BUSINESS
-#

;

v

;

; , . : '.;':,, ,; ; CONTENTS

«S»;

THE BUSINESS SITUATION

v

Septeraber Business Activity

2

Income and Product Tables

3

Changes in the Labor Market

4

Developmeidit ia the Auto Market

5

• . l':;:/';:-l'!:

- / ;,..

Andrew^\F»taryf0r Economic
Offiee, of.
George Jaszi /Director •
Morris E, Goldman
&dpis JF* Paradiso
, . Associate Directors • ' , ' . " , '
' •• . '

ARTICLES

Persopa! Consumption^ Expettditiires in
^^
^
The Stock of Automobiles m the Unitedr States
Its Size Hnd Value M the Postwar Period

'of

JoJm T. Connor / Secretary
1

•>.. /

~j\.

Leo V> Barry, Jr« / Statistics Editor
BfHy Jo Htirley /

7
.

21

Business Review and Featurmi
- ; ; -'

'Leo Bernstein

Payid E* Hitll, Jr,

"' '•;;;./•';' ; ' : , " " ' '
"' '^i-

' 'Estn'er ;G» Kittner - ,- ;

.

;

V',' \

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• -. •

", ;•/ .'-'-- '; ' ; ' • / „ . " , • .

:

,/ •

Alan
CtJEE^IT BUSINESS STATISTICS
General

S1~S24

Industry

S24-S40

Subject Index (Inside Back Cover)

,

>,

' Hancy W* Simon
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'

BUSINESS SITUATION
JL HE vigorous expansion of the economy continued through the third quarter. According to preliminary estimates, gross national product rose $11
billion to a seasonally adjusted annual
rate of $677 billion.
Once again, rising consumer demand
accounted for the major part of the
overall advance in output, with an
increase of about $8 billion. In addition, both business fixed investment
and government purchases increased
substantially. Net exports rose a little,
but residential construction and the
rate of inventory accumulation showed
modest declines.
Although retail prices of food were
up considerably over the second quarter, other prices paid by final purchasers
held relatively firm, and the overall
price level rose only moderately. About
three-fourths of the \% percent increase
in current dollar GNP represented a
gain in the real volume of output.
Accompanying the rise in output was
a one-half million increase in employment. The labor force also expanded
considerably but not as much as employment, and the unemployment rate
again declined, averaging 4.5 percent
for the quarter.
Sharp rise in personal income

The income increase during the summer quarter included a $6-billion rise in
wages and salaries. Income of nonfarm
proprietors, dividends, and personal
interest also advanced. Farm proprietors' income declined slightly beCHART 1

GNP Made Another Large Gain in
the Third Quarter . . .
Billion $ Change
20

15

as increases in
Personal Consumption Expenditures .
15

Government Purchases .

-5

and Fixed Investment.

In the third quarter, personal income
rose $11 billion, an unusually large
amount, to an annual rate of $536
billion. The exceptional size of the
advance was the result of the lump-sum
payments of the retroactive increase in
social security benefits in September.
For the quarter as a whole, these payments boosted income by $3K billion
at an annual rate. The rise in personal
income from production—over $7 billion—was about in line with increases
in recent quarters.




outweighed a reduction in the rate of
Inventory Accumulation

I

ii

III

IV

1964

I

II
1965

Change From Previous Quarter
Seasonally Adjusted, at Annual Rates

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

cause of bad weather in September,
which delayed the harvesting of some
major crops.
The gain in wages and salaries included increases of $4% billion in private
payrolls and $% billion in State and local
government payrolls. Both reflected a
rise in average earnings in addition to
the substantial rise in employment.
Military payrolls rose $K billion as a
result of an increase in military pay,
which became effective September 1,
and the enactment of combat pay for
military personnel in Vietnam.
The $12% billion rise in disposable
personal income in the third quarter—
to an annual rate of $471% billion—
exceeded the increase in personal income. Individual income tax payments fell $1% billion from the second
quarter rate, which had included unusually large final settlements and
smaller than usual refunds on 1964 tax
liabilities because of the underwithholding from wages and salaries in 1964.
Despite the large increase in consumer
outlays, personal saving rose considerably, by $4% billion, to an annual rate
of $27% billion or 5% percent of disposable income. If the retroactive social
security payments are excluded, however, the saving rate would be 5 percent,
the same as in the first half of the year.
Paid out in mid-September, the retroactive payments probably had little
direct effect on consumer spending in
the third quarter as a whole.
Another large rise in consumer
expenditures

The rise in consumer demand affected
all the major consumer markets. Expenditures rose $1% billion for durables,
$3K billion for nondurables, and $2%
billion for services.
The 1965 automobile model year
ended strongly, with new domestically
l

SURVEY OF CURRENT BUSINESS
produced cars being sold at an annual
rate of about 9 million in the third
quarter, one-half million above the
second quarter rate and almost as high
as the record-setting first quarter.
Used car sales were also strong in the
third quarter. Consumer expenditures
on autos and parts rose $1 billion to a
rate of $30 billion, slightly exceeding
the previous record high of the first
quarter.
Expenditures on food and beverag;es
rose $1% billion, in large part the result
of a sharp rise in food prices for the
second consecutive quarter. Consumer
purchases of clothing and shoes rose $1
billion, the largest quarterly rise for
these goods in the past year and a half.
Business fixed investment continues
to rise

With aggregate demand expanding
vigorously, businessmen continued to
make large outlays for new capacity
and for replacement and modernization.
Business fixed investment rose .$1%
billion from the second to the third
quarter, the 10th consecutive quarterly
advance. In addition to a further rise
in construction outlays, purchases of
machinery and equipment were up
substantially. The latest OBE-SEC
plant and equipment survey indicates
that business capital expenditures will
show another sizable increase in the
current quarter. In contrast, residential construction outlays declined $%
billion in the third quarter. With both
private housing starts and permits down
a little in the summer months, the prospects for increased housing activity in
the current quarter are not favorable.
Government purchases up

Government purchases of goods and
services rose $2% billion, with increases
in both the Federal and the State and
local sectors. The entire $1K billion
rise in Federal purchases was in national
defense expenditures, which began to
reflect the step-up of the war in Vietnam. Purchases of military equipment
and supplies rose about $1 billion, with
the remainder attributable to the previously noted increase in military payrolls. The State and local government
increase was below normal as highway
construction failed to rise above the
second quarter level.




October 1965

Apart from the rise in transfer
payments, most of the September inExports increased somewhat more
crease in income was accounted for by
than imports from the second to the
a rise in wages and salaries. The
third quarter, and net exports rose
advance in private payrolls was rather
slightly. The export rise in the third
small as compared with increases so
quarter was outstanding, coming after
far this year, and reflected a very
the large second quarter advance, which
modest increase in private employreflected the recovery from the dock
ment. On the other hand, Governstrikes last winter.
ment payrolls were up almost $!}£
billion, mainly because of the general
September Business Activity
increase in military pay rates and the
Economic activity continued to make special increase in combat pay for the
further gains in September and ex- armed forces in Vietnam. Income of
tended the current expansion to its 55th farm proprietors, which had fallen
month. As compared with August, sharply in July and August, leveled
payrolls and employment were higher, out in September.
and the unemployment rate edged
Steel output lower
down to its lowest point since late 1957.
Steel mills continued to lower their
The flow of income in September was
production
as steel users cut back their
temporarily swelled by the payment of
new
orders
in an effort to bring their
the retroactive increase in social secusteel
stocks
into better balance with
rity benefits. Retail sales remained
the
current
rate
of consumption. Iron
strong. The one important influence
and
steel
output,
which had declined
contrary to the rising overall trend was
moderately
in
August
just prior to the
the steel industry, which continued to
agreement
on
the
new
wage contract,
reduce output as steel users began to
was
reduced
more
sharply
in September
pare their heavy steel inventories. In
to
a
rate
some
13
percent
below the
wholesale markets, prices of farm prodprevious
month,
after
seasonal
adjustucts increased slightly from August to
ment.
The
total
reduction
over
the 2
September, while prices of processed
months
since
the
July
peak
is
16
foods and industrial products were
percent.
A
further
curtailment
in
outunchanged.
put is expected in the current month:
During the first full week in October,
Unusual rise in personal income
ingot output totaled 2.17 million tons
Personal income showed an extraor- as compared with a weekly average of
dinary increase last month—from a 2.32 million during September; the
seasonally adjusted annual rate of normal seasonal movement over this
$532.0 billion in August to $545.3 period is upward.
billion in September.
The auto industry has been showing
Of the $13.3 billion rise, $10.6 billion steady increases in turning out the 1966
(annual rate) was the result of the models. Since the end of August,
payment (retroactive to January 1Q65) assemblies of passenger cars and trucks
of the 7-percent increase in social secu- have generally moved up each week,
rity benefits to approximately 20 mil- and in the second week of October,
lion beneficiaries. The actual disburse- reached 247,000 units, the peak of
ment during the month—$885 million— about 250,000 units produced in sevwas the largest single transfer payment eral individual weeks last spring. Sepsince September 1947, when the cash- tember completions rose to 635,000
ing-in of terminal leave bonds by war units from 427,000 in August; on a
veterans boosted the monthly income
flow by $900 million. The personal seasonally adjusted basis, this represented little change. Output schedules
income total for October will, of course,
be sharply reduced from September. for October call for about 890,000
The reduction will be offset to a small passenger cars, a rate about in line
extent by the inclusion of the increase with the monthly average currently
in social security benefits for the first scheduled for the October-December
time on a regular monthly basis.
period.

Rise in exports

SURVEY OF CURRENT BUSINESS

October 1965

Table 1.—Gross National Product

Table 3.—Personal Income and its Disposition

[Billions of dollars]

[Billions of dollars]

1962

1963

1964

IV

III

1964

1965

1964
I

II

1962

ID>

1963

1964

Seasonally adjusted at annual
rates
Gross national product

560.3 589.2 628.7 634.8 641.1 656.4 665.9

Personal consumption expenditures

355.1 373.8 398.9 404.6 405.9 416.9 424.4

432. 2

49.5 53.4 58.7 60.5 57.9 63.9 63.7
162.6 168.0 177.5 179.8 180.9 183.0 187.6
143.0 152.3 162.6 164.3 167.1 170. 0 173. 1

65. 4
191. 0
175 9

Durable goods.
Nondurable goods
Services

_

Gross private domestic investment
Fixed investment
Nonresidential
Structures...
Producers' durable equipment
Residential structures __
Nonfarm
Farm
Change in business inventories
Nonfarm
Farm

_

Net exports of goods and services _

676.9

101.8

83.0

86,9

92.9

92.6

97.7 102.4 101.1

77.0
51.7
19.2
32.5
25.3
24.8
•6

81.2
54.3
19.7
34.6
26.9
26.3
.6

88.1
60.5
21.1
39.4
27.5
27.0
.6

88.8
61.6
21.1
40.5
27.2
26.6
.6

90.2
63.5
21.5
42.0
26.7
26.2
.6

6.0

5.7

4.8

3.8

7.5

8.7

6.7

6. 1

5.3
.7

4.9
.8

5.4
-.6

4.6
-.8

7,8
-.3

9.3
-.5

7.1
-.4

6. 0
.1

93.7
66.0
21.8
44.2
27.7
27.1
.6

94.4
66.4
22.7
43.7
28.0
27.5
.6

95.7
68. 1
23. 2
44. 9
27.6
27 0
.6

5.1

5.9

8.6

8.8

8.9

6.2

7.5

7.8

30.3
25.1

32.4
26.4

37.0
28.5

37.3
28.5

38.4
29.5

34.8
28.6

39.8
32.3

40. 3
32 5

Government purchases of goods and
services
117.1 122.6 128.4 128.7 128.6 130.9 132.9

135 1

Exports
Imports

Federal

63.4

64.4

65.3

64.9

64.3

64.9

65.9

67.3

. 51.6
11.8

50.8
13.6

49.9
15.4

49.5
15.4

48.8
15.5

48.9
16.0

49.4
16.5

50.8
16. 5

53.7

58.3

63.1

63.8

64.3

66.0

67.0

67 8

Addenda:
Gross national product in constant
(1958) dollars
530.0 550.0 577.6 582.6 584.7 597.5 601.4
Implicit price deflator for seasonally
adjusted GNP, 1958=100
105.7 107.1 108.9 109.0 109. 6 109.8 110.7

609. 1

National defense
Other
State and local

111. 1

p Preliminary.

Table 2.—Relation of Gross National Product, National Income, and
Personal Income

III

1965
IV

I

II

III*

Seasonally adjusted at annual
rates
442.6 464.8 495.0 499.1 507.1 516.6 524.9

Personal income

296.1
Wage and salary disbursements
Commodity-producing industries.. 120.8
Manufacturing
96.7
72.5
Distributive industries
Service industries
46.8
56.0
Government--

311.2 333.5 336.7 342.7 349.8 355.0
125.7 133.9 135.2 137.4 141.4 143.3
100.6 107.2 108.4 110.0 113.6 115.0
76.0 81.1 81.9 83.2 84.9 86.4
49.9 54.1 54.6 55.9 56.6 57.6
59.6 64.3 65.0 66.2 66.8 67.7

535.9
360.9
145.7
117.2
87.5
58.8
69.0

Other labor income

13.9

17.1

17.3

17.5

17.7

Proprietors' income
Business and professional
Farm

50.1 50.8 51.1 51.4 51.8
37.1 37.8 39.1 39.4 39.6
13.0 13.0 12.0 12.0 12.2

51.9
39.9
12.0

54.6
40.1
14.5

54.6
40.4
14.2

Rental income of persons
Dividends

16.7
15.2

17.6
15.8

18.2
17.2

18.5
17.8

18.6
18.2

18.6
18.6

Personal Interest Income

27.7

31.1 34.3

34.8

35.3

36.0

36.7

37.5

Transfer payments
Old-age and survivors insurance
benefits
State unemployment insurance
benefits
Veterans' benefits _
Other

33.3 35.2

36.6

36.4

36.7

38.4

37.5

41.2

14.3

15.2

16.0

16.1

16.3

16.6

16.6

20.4

2.9
4.8
11.2

2.8
5.0
12.1

2.6
5.3
12.7

2.5
5.3
12.5

2.4
5.3
12.7

2.4
5.5
13.9

2.2
5.6
13.1

2.2
5.6
13.1

10.3

11.8

12.4

12.5

12.7

13.1

13.1

13.4

57.4

60.9

59.2

58.8

60.7

64.8

Less: Personal contributions
social insurance

for

Less: Personal tax and nontax payments _

14.8

16.5

16.7

18.3
17.4

18.5
17.7

66.0

64.6

Equals: Disposable personal income. _ 385.3 403.8 435.8 440.3 446. 4 451.9 458.9

471.3

363.7 383.4 409.5 415.3 416.9 428.1 436.0
Less: Personal outlays. __
.Personal consumption expenditures
-. 355. 1 373.8 398.9 404.6 405.9 416.9 424.4
Interest paid by consumers ... 8.1 9.0 10.0 10.2 10.4 10.6 11.0
Personal transfer payments
.6
.6
.6
.5
.6
.5
.6
to foreigners

444. 1

432.2
11.3
.6

23.0

27.2

Addendum: Disposable personal in367.6 380.6 406.5 410.7 414.5 418.4 422.2
come in constant (1958) dollars

432.4

21.6

Equals: Personal saving

20.4

26.3

25.0

29.5

23.8

Preliminary.

[Billions of dollars]
Table 4.—Personal Consumption Expenditures by Major Type

1964
1962

1963

1964

III

1965

IV

I

II

[Billions of dollars]
Hip

1964

Seasonally adjusted at annual
nual
rates
Gross national product

_

560.3 589.2 628.7 634.8 641.1 656.4 665.9

Less: Capital consumption allowances- 50.0
Equals: Net national product.
Less: Indirect business tax and nontax
liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of
government enterprises
Equals : National income
Less: Corporate profits and inventory
valuation adjustment .
Contributions for social insurance
Wage accruals less disbursements .

52.8

58.3

510.4 536.5 573.0 578.6 584.3 598.6 607.6

617.
617.88

51.5 54.6
2.1 2.2
.5 -.7
1.4

.7

Preliminary.




56.1

56.9

57.7

58.0 58.8 59.3 60.7 61.0
2.3 2.3 2.4 2.3 2.3
-.5 -.7 -2.2 -4.2 -4.6
1.2

1.3

1.5

1.5

1.5

457.7 481.1 514.4 519.5 526.3 541.4 550.3

1963

1964

61.44
61.
2.3
n.a.

1.4
n.a.

IV

I

II

III*

Personal consumption expenditures- 355.1 373.8 398.9 404.6 405.9 416.9 424.4

432.2

Durable goods
Automobiles and parts
Furniture and household equipment._
Other-..
Nondurable goods .
Food and beverages

49.5
22.0

53.4
24.3

58.7
25.8

60.5
27.1

57.9
24.8

63.9
29.7

63.7
28.9

65.4
29.9

20.5

21.9

24.7

25.0

24,8

25.3

25.6

26.3

6.9

7.3

8.2

8.4

8.3

8.8

9.1

9.2

162.6 168.0 177.5 179.8 180.9 183.0 187.6
85.7 88.2 92.3 93.3 94.1 94.9 97.2

191.0
99.0

36.0

Clothing and shoes

29.6

30.5

33.3

33.8

34.0

34.3

35.0

Gasoline and oil

12.9

13.5

14.0

14.0

14.2

14.2

14.7

14.8

34.4

35.8

37.8

38.7

38.6

39.7

40.7

41.2

143.0 152.3 162.6 164.3 167.1 170.0 173.1
52.0 55.5 59.5 60.1 61.4 62.7 64.0

175.9
65.3

55.7

58.1 64.5

65.5

64.9

71.7

72.0

24.0

26.8

27.8

28.0

28.4

29.1

29.4

29.99
29.

.0

.0

.0

.1

-.1

.0

.0

.0
.0

Other..

34.2

34.1

34.4

36.0

35.1

38.9

Services .
Housing

19.1
17.2
2.3

19.4
17.4
2.3

19.5
17.7
2.4

19.9
17.8
2.3

20.4
18.2
2.3

20.
20.88
18.6
2.
2.33

442.6 464.8 495.0 499.1 507.1 516.6 524.9

535.9

n.a.

III

Seasonally adjusted at annual
rates

676.9
KQ
59.11

Plus: Government transfer payments
to persons
31.2 33.0
Interest paid by government
(net) and by consumers _ - 16.1 17.5
Dividends
15.2 15.8
Business transfer payments
2.1 2.2
Equals: Personal income

55.7

1962

1965

_

Household operation

_ _ _ 22.0

23.1

24.4

24.8

24.8

24.9

25.3

25.8
12.2
72.6

Transportation

11.0

11.4

11.7

11.8

11.9

12.0

12.1

Other

58.0

62.3

67.0

67.6

69.1

70.4

71.6

Preliminary.

SUEVEY OF CUKRENT BUSINESS

Recent Changes in the labor Market
A CONTINUED improvement in labor
market conditions has accompanied the
sustained rise in aggregate demand this
year. As measured by the household
survey, total employment (seasonally
adjusted) has shown very large increases—more than one-half million—
in each quarter of 1965. These advances have exceeded the growth of
the civilian labor force, which itself has
expanded more rapidly than in recent
years. Unemployment has fallen as a
result and in the third quarter of 1965,
both its level and its rate were below
any quarterly average of the past 8
years.
Labor force growth
The rise in the civilian labor force
has been quite pronounced this year.
In the three-quarter period from the
fourth quarter of 1964 to the third
quarter of 1965 it increased approximately l}jj million on a seasonally
adjusted basis. By way of contrast,
full-year increases in the labor force in
1963 and 1964 were 1.1 million and
1% million respectively.
Persons of all age groups have shared
in the increase since last year's fourth
quarter, but the rise among teenagers
has been especially large—more than
600,000 or about 45 percent of the
overall advance. This is a striking
gain in view of the fact that teenagers
make up less than 10 percent of the
total labor force. Of the increase
among adults, by far the greater part
has been accounted for by women.
The large rise in the teenage labor
force is in part a reflection of the sharp
increase in the number of births after
the end of World War II and, it may
be noted, is only a forerunner of what
may be expected over the next few
years as more of the early postwar baby
crop reaches working age. The number of young persons reaching age 18 or
19 this year is estimated to be almost
900,000 greater than in 1964. In general, this is a larger figure than the
increase in the labor force for this age




group because not all youths look for
work and some of those reaching these
ages were already in the labor force.
Sharp rise in employment

As large as this year's labor force
increases have been, the gains in employment have been larger still. During the third quarter, total employment
(household series) averaged 72.4 million persons, seasonally adjusted, as
compared with 70.7 million in the
fourth quarter of last year. The 1.7
million increase may be compared with
the sizable advance of 1.2 million from
the fourth quarter of 1963 to the third
quarter of 1964. Indeed, not since
1959 has employment risen so rapidly,
and that increase, unlike the recent
one, came fairly early in the cyclical
expansion, when large employment
gains are more typical.
Increases in employment this year
have been fairly widespread by industry.
Employment gains in durable goods
manufacturing have been pronounced,
while the advance in nondurable goods
employment continues steadily though
at a moderate pace.
Outside manufacturing, employment
gains have been particularly large in the
trade and service industries. Construction employment has not changed much
as residential building activity remains
slack; mining employment has also
been relatively stable. Although State
and local government employment gains
slowed a little in the third quarter, there
has been a rather sharp increase in
Federal civilian employment since the
early summer, after a slight decrease
in the first half.
The success of teenagers—a group
with relatively little work experiencein finding jobs this year is one aspect
of the strong demand for labor; they
fared much better than they did in
1963 and 1964. The increase in teenage
employment since the fourth quarter of
1964 was about 650,000—the same as
the rise in the teenage labor force—and
as a result, there was no change in the

October 1965

level of teenage unemployment. Over
the corresponding three-quarter span a
year ago, teenage employment rose only
250,000, and the year before that it rose
less than 100,000. This year, increases
in adult employment have exceeded the
growth in the adult labor force, and
unemployment levels for this group
have fallen.
The unusually strong demand for
labor shows up in other aspects of recent
employment changes. This year, employment increases among nonfarm
laborers—the least skilled among blue
collar workers—have been more than
2^ times as large as the overall increase
in employment. The rise in total
employment, moreover, has been concentrated among persons working fullCHART 2

Overall Unemployment Rate
Continues to Decline
Percent
8

Total

2

1 | \

Rate for teenagers, though still high, has
shown a marked improvement this summer
18

16

14

Teenagers (14-19 years)
12

10

Adult Women

Adult Men
i i M\ } I
I960

1961

i t t
1962

I

I I t 1 | | I I | I
1963

1964

1965

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

65-10-2

SURVEY OF CUKEENT BUSINESS

October 1965

Inventories at peak

Table 1.—Selected Unemployment Rates
[Percent]
1961

1962

1963

19651

1964
I

Total
Adult men __
Married men, spouse present..
Adult women
Both sexes, 14 to 19 yrs. of age

_ _

Blue collar workers
White collar workers
Experienced wage and salary workers
Whites
Nonwhites

-

_ _

_

__ „

_
_ _

II

III

6.7

5/6

5.7

5.2

4.8

4.7

4.5

5.7
4.6
6.3
15.2

4.6
3.6
5.4
13.3

4.5
3.4
5.4
15.6

3.9
2.8
5.2
14.7

3.5
2.6
4.7
14.5

3.3
2.5
4.6
14.6

3.1
2.4
4.3
12.9

9.2
3.3
6.8

7.4
2.8
5.5

7.2
2.8
5.5

6.3
2.6
5.0

5.5
2.5
4.5

5.6
2.3
4.5

5.1
2.1
4.2

6.0
12.5

4.9
11.0

5.1
10.9

4.6
9.8

4.3
9.0

4.3
8.0

4.0
8.3

Source: Bureau of Labor Statistics.
1. Seasonally adjusted.

time schedules; the number of persons
working part time for economic reasons
has dropped.
Decline in unemployment

During the third quarter, the number
of persons out of work averaged 3.3
million or 4% percent of the civilian
labor force. (See chart 2.) The third
quarter unemployment figure was
200,000 less than the second quarter
average and 400,000 below the average
in the fourth quarter of last year. On
an annual basis, unemployment declined
300,000 from 1963 tq 1964, and in 1962
it rose a little.
Although there is considerable disparity in unemployment rates among
the various age, sex, racial, and occupation groups surveyed, it is clear that

almost all groups have shown a steady
improvement this year, as seen in the
above table.
While the rate of teenage unemployment has dropped substantially this
summer and is well below the levels of
the past 2 years, it is still high. Since
the start of the current expansion, the
number of unemployed youths has
stayed in a fairly narrow range of
roughly 900,000 to 1 million; in contrast, the total number of unemployed
among other age groups has shown a
fairly steady decline over the same
period. Undoubtedly, the teenage unemployment total would have been higher
this year were it not for the new permanent programs associated with the
Economic Opportunity Act of 1964 and
the special efforts made to encourage
employment of teenagers this summer.

Auto output in the United States
exceeded sales during the 1965 model
year, and at the end of September,
new car inventories of franchised dealers
totaled almost 1.1 million, about
250,000 above a year earlier. Seasonally adjusted inventories rose steadily
following the end of the work stoppages
last November; the September stock
was the highest on record. The September stock-sales ratio of 1% months,
however, was not too different from
the ratios in the preceding 5 months
and in most months of 1964.
Factors influencing auto demand

The continued strong rise in disposable personal income has been a major
factor behind the strength of auto
demand. Another factor has been the
large volume of credit that has been
available for car purchases. Trends in
relative auto prices have also helped
new car sales. From mid-1961 to mid1965, the Consumer Price Index for
new cars fell about 4 percent while the
overall index rose 5% percent.
The upturn in new car sales that
started in June was undoubtedly stimulated by the reduction in auto excise
taxes, which lowered retail auto prices

I CHART 3

Retail Sales of New Domestically
Produced Cars

Developments in the Auto Market
THE model, year which ended this
September marked the fourth successive year that new car sales rose. (See
chart 3.) Sales of domestically produced cars in the 1965 model year
totaled 8.3 million units, a 6-percent
increase over the record 7.8 million of
the 1964 model year. Sales of new
foreign cars in the United States rose
from 450,000 to an estimated 540,000,
the highest figure since 1959 and 1960,
when sales totaled 570,000 and 552,000
respectively.
Fluctuations in sales were quite pronounced in the 1965 model year. Sales
were depressed by the strikes last
October and November; they recovered




rapidly and reached peak seasonally
adjusted annual rates of 9% million
units in January and February. The
rate of sales fell by about 1 million units
from February to May, but in June
returned to a 9-million figure, and held
close to this rate for the remainder of
the model year. In contrast, during
the past year domestic sales of foreign
cars rose steadily.
In the first three quarters of 1965,
consumers spent 6% percent of their
disposable income for autos and parts—
the highest proportion since the 7 percent recorded in 1955. In 1963 and
1964, they spent about 6 percent and
in 1961 a comparatively low 5 percent.

Million Units

10

Mini
1962

1963

1964

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

SURVEY OF CURRENT BUSINESS

6

portion of households owning two or
more cars. In mid-1965, according to
the Bureau of the Census, almost 24
percent of all households were multicar
owners, as compared with 22 percent in
1964 and 19 percent in 1962. About 77
percent of households owned at least
one auto in mid-1965—up 1 percentage
point from mid-19 62.

CHART

New Passenger Cars: Distribution
of Output and Imports
Intermediates and sport-type

compacts

continue to increase their share of market
Percent
100

Imports

Intermediates

Automobiles and the GNP

80

Sport-type
Compacts
60

Compacts

40

Standards
20

I960

61

62

63

64

65

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

by about $60 per car, or 2 percent.
Another influence that may have contributed to the recent high rate of new
car sales has been the growing awareness by consumers and businessmen
of the buoyant effects of the Vietnam
developments on prospective economic
activity.
One factor of longer run significance
that has been contributing to the rising
proportion of income spent on autos
and parts in recent years has been the
steady growth in the number and pro-

This year, auto product (the value of
domestically produced new cars plus the
net value added in the distribution of
new, used, and imported cars) has
accounted for a distinctly increased
share of GNP. For the first three
quarters of the year, seasonally adjusted auto product accounted for 4.7
percent of the overall national product.
In the previous 3 years, this ratio was
between 4 and 4.2 percent; it was higher
only in 1955, when it reached 5.3 percent. After adjustment for price
changes, the 1965 ratio is 5 percent as
compared with 4)2 percent in 1962-64
and 5% percent in 1955.
Generally speaking, changes in auto
product have accounted for increasing
percentages of the changes in total output over the postwar period, in both
cyclical recoveries and downturns. In
the first three periods of cyclical expansion shown in table 2, the change in
auto product rose from 3 percent of the
change in GNP to 15 percent; so far in
the current expansion this figure has
been around 13 percent. Except for
the first postwar downturn, when auto
output rose, declines in auto product
have accounted for progressively larger

Table 1.-—Domestic Production and Imports of New Automobiles, by Model Years
[Thousands of cars]

Production

6,012

1963

1964

1965

5,409

6,687

7,340

7,891

552

395

338

390

450

1540

6, 564

5,804

7, 025

7,720

8,341

9,383

Imports (registrations)..Production and imports

1962

1961

1960

8,843

(Percent distribution)
Standards
Compacts
_
Sport type compacts...
Intermediates
Imports
Production and imports

(2)

8

7

56
31
3
5
5

100

100

100

68
24

60
31
2

1. Partly estimated.
2. Less than one half of 1 percent.
Source: U.S. Department of Commerce, Office of Business Economics.




59
28
3
5
5

58
19
4
15
5

53
13
9
19
6

100

100

100

October 1965
Table 2.—Gross National Product and Auto
Product: Cyclical Comparisons

Cyclical periods

Change Change
in GNP in auto Change
product in auto
product
as per(Seasonally
cent of
adjusted annual change
rates in billions in GNP
of 1958 dollars)

GNP trough to GNP peak
2d qtr.
2d qtr.
1st qtr.
1st qtr.

1949 to 2d qtr. 1953..
1954 to 3d qtr. 1957
1958 to 1st qtr. I960- .
1961 to 3d qtr. 1965 1

93.9
53.1
52.7
126.4

3.1
3.9
7.9
16.4

3.3
7.3
15.0
13.0

-6.2
-14.3
-17.7
-7.5

3.2
-1.2
-6.8
-8.3

8.4
38.4
110.7

GNP peak to GNP trough

4th qtr
2d qtr.
3d qtr.
1st qtr
1

1948 to 2d qtr. 1949
1953 to 2d qtr. 1954
1957 to 1st qtr. 1958
1960 to 1st qtr 1961

Latest quarter in current expansion.

proportions of the declines in GNP—
from 8 percent in the 1953-54 downturn to more than 100 percent in the
1960-61 period. Interestingly, during
recessions the percentages have been
considerably larger than during recoveries. It should be noted that the
cycles in auto product and GNP have
frequently not been the same in timing
and duration.
Trend toward uptrading continues
As noted earlier, prices for new passenger cars, according to the Consumer
Price Index, have drifted downward
over the past several years. Prices
were stable in the earlier months of
1965, after seasonal allowances, but
dropped in June as a result of the
passage of the Excise Tax Reduction
Act of 1965. This act reduced the
excise tax on new car purchases from
10 percent to 7 percent.
Although the CPI, which is based on
cars of fixed specifications and mix, has
declined in recent years, the addition of
luxury, convenience, and safety features
have pushed average unit car values
upward. The announcements by automobile manufacturers concerning the
prices of their 1966 models point to a
continuation in this model year of the
trend of increasing average prices per
car without appreciable change in
prices from comparable 1965 models.
The increases in the average price per
car in recent years reflect both trading
up to higher priced models within
brands and the purchase of increasing
amounts of extra equipment. Since
(Continued on page 28}

by NANCY W. SIMON

Personal Consumption Expenditures in the
1958 Input-Output Study
J_ HIS article extends the information
on personal consumption expenditures
that was made available in the 1958
input-output study.1 It discusses the
relationship between the industry classification scheme used in the inputoutput (or interindustry) tables and
the categories used for personal consumption expenditures (PCE) in the
national income and product accounts.
It thus provides, on a more detailed
basis than has been available up to
now, information on the industrial
composition of PCE and, among other
things, on the relative importance of
the costs of distribution (trade and
transportation). For convenience, this
article repeats the information presented in November 1964 on the direct
and indirect effect that PCE had on
each industry in 1958; a new feature
is that these effects are shown separately for each of the three major
types of PCE: durable goods, nondurable goods, and services. In addition, this article compares four sets of
estimates of the industrial composition
of total PCE in 1964. Finally, tables
with a detailed comparison of the 1947
and 1958 industrial composition of
PCE are presented.2
Definition of personal consumption
expenditures
Personal consumption expenditures
are the largest component of the
Nation's output as measured by GNP;
in 1964, they comprised 63 percent of
NOTE.—Jean R. Frazier made a significant contribution
i n preparation of table 1.
1. The first report on the 1958 study, "The Interindustry
Structure of the United States, A Report on the 1958 InputOutput Study," appeared in the November 1964 SURVEY OF
CURRENT BUSINESS. The September 1965 SURVEY presented the basic flow table, in dollar values, underlying the
tables first presented last November; the flow table (and the
other tables shown with it) incorporated minor revisions
of the tables issued earlier.
2. The research for this article was financed by the Interagency Growth Study.




the total.3 PCE consists of the market ment (including military) and comvalue of goods and services purchased mercial employees; and food produced
by individuals and nonprofit institu- and consumed on farms. In the inputtions rendering services to individuals output flow table,6 on the other hand,
and the value of certain imputed goods "food expenditures" as such are not
and services received by individuals as explicitly shown. However, the PCE
column includes flows from the various
income in kind.4
The "commodity flow" method is the industries that produce and distribute
basis for the estimates of PCE in both food: livestock and livestock products
the 1958 input-output flow table and the (1), other agricultural products (2),
national income and product accounts. forestry and fishery products (3), food
In this method, all goods destined for and kindred products (14), transportapersonal consumption are identified tion (65), and trade (69).
The treatment of transportation and
from the output records of farms,
factories, etc., and the flow of output is trade margins poses a special sort of
followed through the distribution classification problem since it requires
channels where the costs of transporta- that a distinction be made between
tion, of trade (measured as gross producers7 prices and purchasers' prices.
margins inclusive of retail sales and In GNP, personal consumption exexcise taxes), and of certain types of penditures (like all final purchases) are
insurance are added to the producers' always shown in final purchasers' prices.
values to arrive at the prices paid by "Food purchased for off-premise conpersons.
sumption/' for example, typically reAlthough PCE in the aggregate is flects prices actually paid in retail food
identical in GNP and in the input- stores and thus includes all costs to the
output flow table for 1958, there are, consumer, including the cost of transon a detailed basis, important differences portation and of wholesale and retail
in classification between the two sets of distribution. In the interindustry flow
accounts. In the GNP tables, con- table, on the other hand, values are
sumption expenditures are classified by shown at producers' prices. That is,
functional category; in the interindustry goods and services are valued at the
tables, they are classified by producing prices that producers charge. (These
industry. For example, in GNP the prices, by convention, include excise
classification "food expenditures" con- taxes levied on the producer.) It is
sists of the following functional these producers' values, in the case of
categories: food purchased for off- items destined for personal consumppremise consumption; purchased meals tion, that are allocated to the PCE
and beverages; food furnished govern- column. The transportation costs and
trade margins (operating expenses plus
3. The revised estimates of PCE incorporate some definitional changes, of which the most important is the eliminaprofits of wholesalers and retailers)
tion of the payment by persons of interest on personal debt.
necessary
to bring the goods to conA description of these changes and the revised figures for
PCE from 1929 to the current period, in total and by major
sumers are shown separately in the
type, appear in the August 1965 SURVEY. The full breakPCE column as consumer purchases
down of PCE into 83 categories for this period will be published in a forthcoming supplement.
from the transportation and trade
4. These imputed items are: (1) the space-rental value of
industries respectively. By convenowner-occupied houses (but not the purchase of new dwellings, which are considered capital goods); (2) the value of
tion, the costs of trade to the consumer
food, clothing, and housing furnished in kind to government
include retail excise taxes and sales
(including military) and business employees; (3) food and
fuel produced and consumed on farms: and (4) services
taxes. The entry in the trade row

rendered to individuals and nonprofit institutions by financial intermediaries (except insurance companies) without
explicit charge.

5. Table 1, Interindustry Transactions, 1958, SURVEY,
September 1965, page 34.

7

SURVEY OF CUREENT BUSINESS

8

October 1965

1

Table 1.—Industrial Composition of Personal Consumption Expenditures, by PCE Category, in Producers' and Purchasers' Prices, 1958

[Millions of dollars]
Allocations to PCE

Allocations to PCE

1-1. Food purchased for off-premise consumption (n.d.c.)
41,426

1

1,486
1,522
207
1

2
3
10

.... 37,232

14

21
120
836

27
65
80

2,219
53
549
19
0
1,457
2
0
139

14,760
504
1,148
265
0
11, 767
7
0
1,068

0
0
0
0
0
0
0
0
0

58,406
2,044
3,220
491
1
50, 457
29
120
2,043

TransInsurporta- Trade ance
PurProducers' tion (indus- (indus- chasers'
prices (indus- try 69) try 69) prices
try 65)

Producing
industry
number 2

InsurTransPurance
porta- Trade
Producers' tion (nidus- (indus- chasers'
prices (indus- try 69) try 70) prices
try 65)

Producing
industry
number 2

Allocations to PCE

II-3b. Men's and boys' clothing and accessories except
footwear (n.d.c.)

16

.

18

19 .
32
34

_..

80
83.

4,305
4

4,085

3
1
162
48
4

2,729

128
(*)
112
(*)
(*)
12
0

4
2,518
3
1
132
58
14

7,164
8
6,715
6
1
298
118
17

1
0
0
0
0
0

1

0

Producing
industry
number 2

TransInsurProporta- Trade
ance
Purducers' tion (indus- (indus- chasers'
prices (indus- try 69) try 70) prices
try 65)

IV-2. Tenant-occupied nonfarm dwellings (including
lodging houses)—space rent (s.)
11,273

II-4.

0
0
0
0

11,273

0
0
0
0

11, 048
143
82

0

1,861

0

1,184

IV-3. Rental value of farmhouses (s.)
71

1-2. Purchased Meals and beverages (n.d.c.)

0
0
0
0

11, 048
143
82
....

72
77_-

1,861

0

0

Standard clothing issued to military personnel (n.d.c.)
IV-4. Other housing (s.)

7,813
94
138
53
7,150
377

1

2
3

14
69

320
2
34
5
279
0

7,187
94
209
76
6,809
0

0
0
0
0
0
0

15,321
190
381
134
14, 238
377

1-3. Food furnished government (including military) and
commercial employees (n.d.c.)
881
32
32
4
(*)
795
(*)
18

1

2
3
10

14
27.
80

47
1
12
(*)
0
*31

315
11
24
6
0
251
(*)
23

0
0
0
0
0
0
0
0

1,244
44
69
10
(*)
1, 077
1
44

1-4. Food produced and consumed on farms (n.d.c.)
1,410
430
398
582

1
2
14

0
0
0
0

0
0
0
0

0
0
0
0

1,410
430
398
582

15
80

_•

_

4

90
90
(*)

1,637
1,634
4

0
0
0

5,982
5,974
8

II-l. Shoes and other footwear (n.d.c.)

32.
34
80

2,337

227

2,066
44

61
7
52
3

1,676
179
1,454
44

0
0
0
0

219

0

0

72

1,797

977
949
28

72
77

II-3a. Women's and children's clothing and accessories
except footwear (n.d.c.)

0
(*).

O

(*)

0

58
33
19
6

0
0
0
0

0

0

1,797

0

0
0
0

0
0
0

977
949
28

0
0
0

924
31
148
724
16
5

34___

83

28
1
5
21
1
0

895
22
112
718
21
21

0

0

41
32
9
301
66
129
-36

oooooooo

24
32
34
64...
80
83

7,049

5,227
368
16
4,353
36
36
8
250
34
127
0

o

16
18

217
5
(*)
194
1
2
(*)
8
2
5
0

13,356
680
30
11, 596
78
70
17
559
101
260
-36

29__
32__
42__
54 _
64

80

_
_
_

72

2,014

1,850
54
264
1,464
41
27

3
0
0
0
3
0

372

0

52
(*)
45
(*)
2
2
2
1

1,144
981
2
72
37
42
8

0

0

2,590
2
2,194
5
159
94
116
18

0
0
0
0
0
0
0
0

0

71

26,809

0

0

0

0

2,398

83

12
18
14

23
80..

84
*82
0

1,818
1,704
13
38
63

3
0
0
3
0

4,346
4,184
25
61
76

22
38
40
52
CA

2,712
19
5
70
209

86

2,294

*7°

22
86
7

9

0

1,717
10
8
27
157
1,426
6
57
27

0
0
0
0
0
0
0
0
0

4,516
30
13
98
375

3,790
28
148
34

V-3. China, glassware, tableware, and utensils (d.c.)

20

32__
35
36 _
38__
41
42

64__
80__

___

914
15
150
95
100
6
234
88
181
45

40
2
4
6
8
(*)
6
2
6
6

739
8
133
114
96
(*)
102
70
136
80

3
0
0
0
0
0
0
0
0
3

1,697
24
288
215
204
7
342
161
323
134

V-4. Other durable house furnishings (d.c.)

2,014

IV-1. Owner-occupied nonfarm dwellings— space-rental
value (s.)

(d.c.) durable commodities
(n.d.c.) nondurable commodities
(s.) services
"Less
than $500,000.
1
The numbering scheme of the personal consumption expenditure categories corresponds
to the table "Personal Consumption Expenditures, by Type of Product" to be published
in a forthcoming supplement to the SURVEY OF CURRENT BUSINESS. With the exceptions
footnoted, the category numbers also correspond to the table 14 in the July 1964 SURVEY.




2,441

22

II1-1. Toilet articles and preparations (n.d.c.)
1,393
1
1, 168
3
84
56
72
9

0

V-l. Furniture, including mattresses and bedsprings (d.c.)

80
83

II-8. Other clothing, accessories, and jewelry (s.)
372

1,184

58

III-2. Barbershops, beauty parlors, and baths (s.)
7,912
306
14

72 _

V-2. Kitchen and other household appliances (d.c.)

II-7. Jewelry and watches (d.c.)

4,075
412
3,571
91

219

(*)

(*)

11-6. Laundering in establishments (s.)

19

0

1

II-5. Cleaning, dyeing, pressing, alteration, storage and
repair of garments inch furs (in shops) n.e.c. (s.)

72

II-2. Shoe cleaning and repair (s.)
72

16

18
34

64.80

1-5. Tobacco products (n.d.c.)
4,254
4,250

57
32
19
5

26,809

17

2023__
32 _
34
35
36__
42 _
44
4748-__
52

53-_.
54. _
55
61
62
63
64
80

1,958
103
704
77
86
118
22
19
27
40
133
8
30
19
58
22
9
59
133
4
72
2
168
44

67
2
21
2
9
3
(*)

2
3
4

(*)
(*)

2
2

*

4

4

1,696
124
730
71
43
109
16
14
36
39
113
2
18
10
54
16
3
35
49
2
55
5
110
42

7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7

3,728

228
1,455
150
139
230
38
33
64
82
250
11
49
30
113
40
12
96
186
6
129
7
283
97

Expenditure categories VII-6 and XII-3 in the July 1964 table have been omitted because
these
items are no longer included in personal consumption expenditures.
2
Industry number relates to the numbering scheme used for the 1958 input-output study.
For name and Standard Industrial Classification (SIC) coverage of each industry, see the
table
at the end of this article.
3
Change in definition from old category V-8c, Water.
4
Change in definition from old category VII-1, Brokerage charges and interest, and investment counseling.

SURVEY OF CUKRENT BUSINESS

October 1965

9

Table 1.—Industrial Composition of Personal Consumption Expenditures, by PCE Category,1 in Producers' and Purchasers' Prices,
1958—Continued
[Millions of dollars]
Allocations to PCE

Allocations to PCE
Producing
industry
number 2

Producing
industry
number 2

TransInsurPurPro- porta- Trade ance
ducers' tion (indus- (indus- chasers'
prices (indus- try 69) try 70) prices
try 65)

TransInsurPurProporta- Trade ance
ducers' tion (indus- (indus- chasers'
prices (indus- try 69) try 69) prices
try 65)

1,341
267
15
12
902
5
10
7
8
6
16
86
7

28
4
(*)
(*)
18
(*)
(*)

8
(*)
(*)

3
1

1,151
321
15
7
717
3
3
6
1
9
5
53
10

0
0
0
0
0
0
0
0
0
0
0
0
0

Producing
industry
number 2

V-10. Domestic service (s).

V-5. Semidurable house furnishings (n.d.c.)

16
17
18
19
26
28
32
35
37
41
64
80

Allocations to PCE

2,521
592
31
19
1,636
8
14
14
10
15
21
142
18

86

3,503

-

0

0

VII-4. Expense of handling life insurance (s.)
0

3,503

0
0
0
0
0
0

1,768
286
117
733
62
570

V-ll. O ther household operation (s.)

70__
72__
73
78__

1,768
286
117
733
62
570

__
__
_

0
0
0
0
0
0

0
0
0
0
0
0

TransInsurPro- porta- Trade ance
Purducers' tion (indus- (indus- chasers'
prices (indus- try 69) try 70) prices
try 65)

3,210
3,178
32

70
80

0
0
0

0
0
0

0
0
0

3,210
3,178
32

0

1,531

VII-5. Legal services (s.)
73

1,531

0

0

VIJ-6. Funeral and burial expenses 5 (s.)

VI 1 Drug preparations and sundries (n.d.c.)
V-G. Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (n.d.c.)

9_
24
25
26

27 .
29

30

36
42
53
55
58

64
80

_-.__

2,085
12
570
38
2
104
1,076
18
27
48
5
114
29
44
1

904
0
248
5
1
33
457
18
21
36
2
44
10
28
(*)

109
9
40
1
(*)
8
42
1
2
1
(*)
3
1
1
(*)

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

3,098
21
858
44
3
145
1,574
36
50
84
7
161
39
74
1

1,692
116
(*)
1,442
47
6
3
77

24_
29
27 .—
32
54_
55
62

68
8
(*)
56

1,435
129
(*)
1,189
42
4
1
70

81
2

0
0
0
0
0
0
0
0

3, 195
253
1
2,687
90
11
4
149

9...
36
71
72

_

193
2
52
139

6
(*) 2
5

464
(*)
43
420

0
0
0
0

663
2
97
564

6
3
4
0
0

13
4
9
0
0

0
0
0
0
0

1,328
12
60
242
1,013

0
0
0
0
0
0

931
17
117
6
729
62

VII-7. Other personal business (s.)

VI-2. Ophthalmic products and orthopedic appliances (d.c.)

58
62
63

1,308
5
48
242
1,013

66
73
._
76.. .
77
78
_

—

931
17
117
6
729
62

0
0
0
0
0
0

0
0
0
0
0
0

Vlll-la. New cars and net purchases of used cars 6 (d.c.)

VI-3. Physicians (s.)
V-7. Stationery and writing supplies (n.d.c.)
77
506
125
306
14
6
3
52

24 _ _ . _
26
27
32
37

64

29
9
17
1
(*)
(*)
2

402
139
216
4
5
5
33

938
273
540
19
11
8
86

0
0
0
0
0
0
0

.

1,876

77

0

0

0

0

0

4,574

0

83
0

0

1,876

832

0

0

0

0

832

4,381

VI-6. Privately controlled hospitals and sanitariums (s.)
V-8b. Gas(s.)
77

68

2,685

0

0

0

4,202

0

0

0

4,202

2,685
VI-7. Health insurance (s.)

V-8c. Water and other sanitary services 3 (s).
1,048
980
68

68_
7Q

0
0
0

0
0
0

0
0
0

1,048
980
68

V-8d. Other fuel and ice (n.d.c.)

7_
20 _
27
31_.
37 _
68__

._
„__

2,351
261
48
10
2,008
10
14

262
123
6
1
131
(*)
0

1,540
192
22
3
1,322
1
0

.

3,892

5
6

0

0

70
77 .

4,153
576
76
14
3,462
11
14

1,130
1,128
1

884




0
0
0

0

o
0

0

0

0

19
27
29
32
42_
52
55
56
58
59
83

.
- -

3,892

3,453
1,952
176
1,326

0
0
0
0

13,258
11,302
578
1,379

1,194
43
52
22
801
12
16
15
32
163
81
43

38
1
4
1
24
(*)
1
(*)
4
2
0

888
31
20
15
547
8
18
15
22
82
62
68

0
0
0
0
0
0
0
0
0
0
0
0

2,120
75
76
38
1,372
20
35
30
55
248
145
26

VIII-lc. Automobile repair, greasing, washing, parking,
storage, and rental (s.)
75

4,387

0

0

0

4,387

0

10,951

884

VIIT-ld. Gasoline and oil (n.d.c.)

70

810

0

0

0

5,251

31

375

5,324

810

Vlll-le. Bridge, tunnel, ferry, and road tolls (s.)
VII-3. Services furnished w/o payment by financial intermediaries except insurance companies (s.)

0

237
231
6
0

VHI-lb. Tires, tubes, accessories, and parts (d.c.)

1, 130
1,128
1

VII-2. Bank service charges, trust services, and safedeposit box rental (s.)

70

4,074

Funeral and burial expenses, formerly numbered VI-8.
Imported cars do not appear as a purchase from the import industry (number 80) but
are included in the motor vehicles industry (number 59). The import data on autos and
parts used for the 1958 input-output study did not distinguish between assembled and unassembled cars. The total value of such imports was transferred to ind
ndustry 59 for distribution.
788-423 O - 65 - 2

0
0
0

VII-1. Brokerage charges and investment counseling * (s.)
70 ...

0
0
0
0
0
0
0

V-9. Telephone and telegraph (s.)

66

9,568
9,119
396
53

59

VI-5. Other professional services (s.)
77

4,381

4,574

VI-4. Dentists(s.)

V-8a. Electricity (s.)

68__

- --.

0

0
7

0

4,074

65
79

_

250
6
244

0
0
0

0
0
0

0
0
0

Expenditures in the United States by foreigners, formerly numbered XII-4.
s Does not correspond to old category XII-4.
NOTE.—Detail may not add to total due to rounding.
Source: U.S. Department of Commerce, Office of Business Economics.

250
6
244

SUEVEY OF CURKENT BUSINESS

10

October 1965
1

Table 1.— Industrial Composition of Personal Consumption Expenditures, by PCE Category, in Producers' and Purchasers' Prices,
1958—Continued
[Millions of dollars]

VHI-lf. Automobile insurance premiums less claims paid (s.)
0

0

1,606

70

0

1,219

0

0

0

1,219

1,080
61
33
13
19
14
126
27
326
178
271
8
(*)
3

13
19___
32
34.
42.__
^Q

VIII-2b. Taxicabs (s.)
574

—-

65

0

0

574

0

Producing
industry
number 2

60-..61._63
64
72._
so
83

„

24
(*)

(*)
(*)
(*)

2

(*)
6
9
0

(*)

0

,

742
65
29
12
14
12
56
11
140
209
184
0
0
11

0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,845
126
62
25
33
26
184
38
470
393
464
8
(*)
13

IX-12. Other recreation (s.)

124

0

0

VIII-3a. Railway (excluding commutation) and sleeping and
parlor car (s.)
0

338

65

0

IX-5. Radio and TV receivers, records, and musical
instruments (d.c.)

124

0

,338

0

34 .
56
57
58__
64
83_

__

1,644
4
1,331
149
19
134
7

36
(*)
28
4
(*)

0

1,156
3
923
125
7
72
27

0
0
0
0
0
0
0

2,836
7
2,281
278
26
210
34

77

0

0

296

681

VIII-3c. Airline (s.)
0

479

0

0

0

32

-

83

35
35
0

32

0

355
349
5

0
0
0

1,439
1,468
-29

82
82
0

540
540
0

0
0
0

13

1,022
1,015
7

992

76__

193

0

2,061
2,090
-29

0

0

0

297

76

0

0

0

77

249
4
245

.

(*)

w

. 80

0
0
0

1,006

852

4,178

0

0

0

1,282

0

0

0

1,006

0

0

0

852

0

0

0

4,178

XII-1. Foreign travel by U.S. residents (s.)
1,900
315
1,585

0
0
0

0
0
0

0
0
0

1,900
315
1,585

544

XII-2. Expenditures abroad by U.S. Government personnel
(military and civilian) (n.d.c.)
992

297

80__

185

0

0

1,077

XII-3. Expenditures in the United States by foreigners 7 (s.)
85

-1,046

0

0

0

-1,046

XII 4. Personal remittances in kind to foreigners8 (n.d.c.)
85___._

249
4
245

892

-107

0

0

0

-107

Total personal consumption expenditures
224, 032

IX -3. Nondurable toys and sport supplies (n.d.c.)

1

1,181
69
344
178
462
113
16

XI. Religious and welfare activities (s.)

65. _
80

IX-8c. Admissions to spectator sports (s.)
26
76__

1
0
0
0
0
0

X-3. Other private education and research (s.)

681

IX-8b. Admissions to legitimate theaters and opera and
entertainments of nonprofit institutions (except athletics)
(s.)

IX-2. Magazines, newspapers, and sheet music (n.d.c.)
26
83

0

IX-8a. Admissions to motion picture theaters (s.)

IX-1. Books and maps (d.c.)
632
631
1

338

2

VIII-3d. Other intercity transportation (s.)
65

0

IX-7. Flowers, seeds, and potted plants (n.d.c.)

0

479

0

6
0
0
0
0
0
6

X-2. Private elementary and secondary schools(s.)

296

0

72

65

1,282

77

IX-6. Radio and TV repair (s.)

1,174
69
344
178
462
113
8

X-l. Private higher education (s.)

77

VIII-3b. Intercity bus (s.)
65

___

1
72___
73__
76
77
80

VIII-2c. Railway (commutation) (s.)
65

TransInsurProporta- Trade ance
Purducers' tion (indus- (indus- chasers'
prices (indus- try 69) try 70) prices
try 65)

IX-4. Wheel goods, durable toys, sport equipment, boats
and pleasure aircraft (d.c.)

1,606

VIH-2a. Street and electric railway and local bus (s.)
AK

InsurTrans" Pro- porta- Trade ance
Purducers' tion (indus- (indus- chasers'
prices (indus- try.69) try 69) prices
try 65)

3

Producing
industry
number 2

TransInsurPurPro- porta- Trade ance
ducers' tion (indus- (indus- chasers'
prices (indus- try 69) try 70) prices
try 65)

Allocations to PCE

ooooo

Producing
industry
number 2

Allocations to PCE

3

Allocations to PCE

4,830

61, 185

19

290,069

16

37, 881

1

140, 152

1

112. 036

IX-9. Clubs and fraternal organizations except insurance (s.)
Durable commodities (d.c.)
692

77

3
17
24
27
32
53__
55
58
63
64
80

-

- ___

1,188
16
97
9
5
29
12
23
1
49
25
149
739
32




38

o1

$

2
1
1

(*)

c*)51
23
2

890
19
104
10
5
18
5
21

(

\

6
167
484
31

0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,115
37
201
20
10
48
17
45
2
70
32
321
1,247
66

0

0

0

692
23, 262

681

13, 923

IX-10. Commercial participant amusements (s.)
Nondurable commodities (n.d.c.)
65
76

_

-

848
42
806

0
0
0

0
0
0

0
0
0

848
42
806

454

0

0

4,142

47, 243

Services (s.)

IX-11. Pari-mutuel net receipts (s.)
76

88, 765

0

454

112, 005

7

20

October 1965

under the PCE column in the flow
table includes the cost of distributing
all items of PCE through trade channels. The section that follows provides
some detailed examples of the foregoing
discussion.
Industrial Composition of PCE,
1958
TABLE 1 makes clear the relationship
between the interindustry flow table
and the GNP accounts in the treatment
of personal consumption expenditures.
It shows consumption expenditures for
each of the 83 functional categories
(PCE category) in the GNP accounts.
Within each category, it shows the
industrial breakdown of expenditures
by input-output industry in producers7
prices, plus each element of margintransportation, trade, and insurance—
which is added on to arrive at purchasers' prices.6 The industry titles
and their definitions in terms of the
Standard Industrial Classification (SIC)
are shown in the table at the end of
this article.7
6. These same data, in slightly different form, were shown
in table C of the November 1964 SURVEY article for
PCE classified into 12 broad categories.
7. For a discussion of the way in which output of the various
industries is denned in the 1958 study, see pages 16 and 17 of
the November 1964 SURVEY. Only a few points considered
necessary to an understanding of the figures in table 1 of this
article are summarized here.
Purchases represent primary products of an industry:
The purchase by consumers from any given domestic industry measures the purchase of that industry's primary
product, whether produced in the primary industry or, as a
secondary product, in another industry. This is because all
secondary products of an industry are transferred (treated as
if sold) to the industry to which they are primary; they
augment the output of the industry to which they are
transferred.
Scrap, used, or secondhand goods (industry 83): Consumer
purchases from this industry as shown in the first column of
table 1 represent purchases by the personal sector from other
final demand sectors less personal sales to other final demand
sectors. (Sales within the personal sector do not affect the
first column because they cancel.) However, the trade margin has been measured on all sales of used goods—both within
the personal sector and between persons and other sectors—
to the extent that such sales pass through trade channels.
This margin is usually the largest part of the value of used
goods in purchasers' prices. Thus, for used cars (part of
category Vlll-la), purchases in 1958 from industry 83
amounted to $1,379 million, of which $1,326 million was margin. The value of $53 million in producers' prices represented the small net acquisition by persons of used cars from
other final demand sectors.
Gross imports (industry 80): Nearly every one of the PCE
categories shows some purchases from the import industry.
Under the convention adopted in the 1958 study, imports
purchased by the final demand sectors have been shown as a
direct purchase from the import row. (On the other hand,
imports used for further processing, if they were like domestic
goods, have been transferred to the domestic industry producing similar goods and distributed along with the domestic
production of those goods. Imports used for further processing which had no domestic counterpart have been shown in
the flow table as direct purchases by the processing industry
from the import row.)




SURVEY OF CURRENT BUSINESS

11

In "food purchased for off-premise meals and beverages77 (category 1-2),
consumption'7 (category 1-1), $41,426 the $7,187 million trade margin inmillion represents the Value of food at cludes not only the wholesale markup
prices charged by producers. The in- on food sold by food producers to
dustrial composition of this value can restaurants but also the entire restaube seen by reading down the first rant markup over the delivered cost of
column: $1,486 million of livestock and food. (The $7,813 million in producers7
livestock products (industry 1), $1,522 prices represents sales of food from the
million of other agricultural products producing industries before the addition
(industry 2), etc. The total transpor- of distribution costs.) Also, the value
tation margin of $2,219 million for the of the professional services of optomeentire category shown in the second trists are classified as a retail trade
column represents the sum of the indi- activity for the purposes of the inputvidual transportation costs applicable output table. Payment for their servto each producing industry. For ex- ices is part of the trade margin in
ample, $53 million was the cost of "ophthalmic products and orthopedic
transporting livestock and livestock appliances77 (category VI-2).
An industry may appear in more than
products (industry 1) to consumers;
$549 million was the transportation cost one PCE category in table 1. Listings
involved in bringing the products of for industry 14 (food and kindred prodindustry 2 to consumers, and so on. ucts), for example, appear under 4 of
The costs of wholesale and retail dis- the 83 PCE categories. To obtain the
tribution applicable to each producing total allocation of any particular inindustry are shown in the third column. dustry to PCE it is necessary to sum
For example, of the total margin of the several entries for the industry in
$14,760 million of wholesalers and table 1.
The summation of all entries for the
retailers in category 1-1, $504 million
was required for the distribution of transportation, trade, and insurance
products of industry 1. Purchases of
2.—Categories of Personal Consumpinsurance from industry 70 (finance and Table
tion Expenditures for Commodities1
insurance) are shown in the next to
Arrayed by Ratio of Producers' Value to
Purchasers' Value, 1958
last column only to the extent that they
apply to imported goods.
PCE Category
The total transportation margin of
Description
Ratio
$2,219 million and the trade margin of Number
$14,760 million are added to the pro- Vlll-la New cars & net purchases of used cars 0.722
Tobacco products
711
1-5
ducers7 value of "food for off-premise 1-1
Food purchased for off-premise consump77
tion
.709
consumption to arrive at the pur- 1-3
Food furnished government (incl. military) & commercial employees __ _ __
.709
chasers7 value of $58,406 million. This IX-2 Magazines,
newspapers, & sheet music
.698
Cleaning
&
polishing
prep.
&
misc.
V-6
last figure appears as item 1-1 in the
.673
supplies & paper products
PCE table scheduled for publication IX-7 Flowers, seeds & potted plants.
.620
Books & maps
.619
in the near future. The industrial IX-1
Men's & boys' clothing & accessories
.601
II-3b
7
Women's
&
children's
clothing
&
accesII-3a
composition of this total in purchasers
.592
sories _ _ _ _ _ _
__
_
goods, durable toys, sport equip.,
prices, i.e., retail value, is shown in the IX-4 Wheel
boats & pleasure aircraft
.585
& television receivers, records &
last column. In table 1, the transpor- IX-5 Kadio
.580
musical instruments
tation margin and trade margin for the II-l
.574
Shoes & other footwear
.566
Other fuel & ice _
products of any given industry are V-8d
.563
Vlll-lb Tires tubes, accessories & parts
Furniture,
incl.
mattresses
&
bedV-l
shown along the row for that industry.
.562
springs __ _ _ _ __ _
_
.561
In this way, table 1 provides measures IX-3 Nondurable toys & sport supplies
.540
Stationery & writing supplies __
of the transportation and trade costs V-7
.539
China, glassware, tableware & utensils
V-3
.538
Toilet
articles
&
preparations
III-l
involved in bringing goods to consumers, V-5
.532
Semidurable house furnishings
.530
Drug preparations & sundries
separately for each producing industry VI-1
.525
V-4
Other durable house furnishings
and for each PCE category.
.510
Purchased meals & beverages
_ _
1-2
.500
Jewelry and watches
It should be noted that the retail com- II-7
.480
Vlll-ld Gasoline & oil
VI-2
Ophthalmic products & orthopedic appliponent of the trade industry has been
ances
_
_
- .291
defined to include certain activities
1
Excluded are certain categories of imputed expenditures
beyond those of the conventional re- which have no margin.
Source: U.S. Department of Commerce, Office of Business
tail store. For example, in "purchased Economics.

SURVEY OF CURRENT BUSINESS

12

CHART 5

Categories of Personal Consumption Expenditures for Commodities1
Arrayed by Ratio of Producers' Value to Purchasers7 Value, 1958
Ratio

PCE
CATEGORY

Vlll-la
1-5

.25

.50

.75

DESCRIPTION
New cars & net purchases
of used cars
Tobacco products

1-1 Food purchased for

off premise consumption

1-3
IX-2

V-6
IX-7

Food furnished gov't. (incl.
military) & commercial employees
Magazines, newspapers &
sheet music
Cleaning & polishing prep. &
misc. supplies & paper prods.
Flowers, seeds & potted plants

IX-1 Books & maps

ll-3b

Men's & boy's clothing &
accessories

ll-3a

Women's & children's clothing &
accessories

IX-4
IX-5

ll-l
V-8d

Vlll-lb

V-l

Shoes and other footwear
Other fuel and ice

<s&>

*ȣl*

*!,< £1* I- * k*i^ *%*?&*<[ •*>&*</«.

"~ * ^pw/^Jr

s

" ?*A ^*&* h™

Stationery & writing supplies

V-3

China, glassware, tableware &
utensils

Ill-l

Toilet articles and preparations

V-5

Semidurable house furnishings

Vl-l

Drug preparations & sundries

V-4

Other durable house furnishings

1-2

Purchased meals & beverages

11-7

Jewelry & watches
Gasoline and oil
Ophthalmic products &
orthopedic appliances

.25
1

Producer-purchaser prices

Furniture, incl. mattresses
& bedsprings

V-7

Excluded are certain categories of imputed expenditures which have no margin

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




industries requires the addition of both
"margin" and "nonmargin" purchases.
Nonmargin purchases refer to those
services that consumers buy directly
from airlines, railroads, bus companies,
etc. (industry 65); these are shown, for
example, in the producers' prices column of table 1 under category VIII-2a
and VIII-3c. To these must be added
the "margin" purchases from the transportation industry to get total purchases by persons from the transportation industry.
The only nonmargin purchase from
the trade industry (number 69) is tips,
which appear in the producers' prices
column of table 1 under "purchased
meals and beverages." Margin purchases from this industry far exceed
the nonmargin purchases.
Consumer purchases from industry
70 (finance and insurance) include
health insurance (see category VI-7)
and bank service charges (see category
VII-2). The margin purchases from
this industry shown in table 1 cover
only the cost of insuring imported commodities while in transit. (Insurance
on domestic products is included in the
transportation margin.)

•>•&. i

r-rJii'f f "*- *• \ tv ^ ~

'

Tires, tubes, accessories & parts

Nondurable toys & sport supplies

VI-2

'•*

Wheel goods, durable toys, sport
equip., boats & pleasure aircraft
Radio & TV receivers, records
& musical instruments

IX-3

Vlll-ld

* f v» *•$ wilS &fc *- * *£

October 1965

.50

.75

Table 1 provides useful information
on the size and distribution of transportation and trade margins as defined
in the input-output system. Of total
PCE in purchasers' prices, transportation margins account for almost 2
percent and trade margins 21 percent;
the residual of 77 percent is, of course,
producers' value. The share of the
consumers' dollar which goes to the
producer is 61 percent for durable goods
and 63 percent for nondurable goods.
Table 2 and chart 5 show the ratio
of producers' value to purchasers' value
for each PCE category, with categories
arranged in descending order according
to that ratio. The median is 57 percent (producers' value as a percent of
purchasers' value). "New cars and
net purchases of used cars," with 72
percent of the total value going to
producers, shows the largest ratio (or
the smallest relative distribution costs
as defined here). "Food for off-premise
consumption" also shows a high ratio,
with 71 percent of the consumer's

October 1965

dollar going to the food producer. It
should be borne in mind that the
inclusion of restaurant markup, the
services of optometrists, and retail
excise taxes and sales taxes in the
retail trade industry affects the spread
shown for the various PCE categories.
Industrial composition: three major
types of expenditure

The values in table 1 in producers'
prices have been reorganized to show
the industrial composition for each of
the three major types of personal consumption expenditures: durable goods,
nondurable goods, and services. Table
3 shows this summary in percentage
terms. Column 1, which applies to the
total, corresponds to the PCE column
in table A of the November 1964
article, except that the latter was based
on preliminary figures.
From table 3, it is apparent that the
largest share of expenditures on both
durable goods and nondurable goods
was for trade (industry 69). Aside
from trade, the largest share (24 percent) of durable goods expenditures
was accounted for by the motor vehicles
and equipment industry (number 59),
and the largest share (33 percent) of
nondurable expenditures was for food
and kindred products (industry 14).
The largest part (36 percent) of service
expenditures was for real estate and
rent (industry 71). A significant proportion of real estate and rent expenditures represented the value of imputed rent for owner-occupied housing.
Industrial Impact of PCE
PERSONAL consumption expenditures
make a direct demand on numerous
industries—automobiles, apparel, food,
furniture, to mention a few. While
measures of this direct reliance of the
producing industry on consumer demand are important, it is a unique
contribution of the input-output system
that it permits the computation of the
indirect effects of PCE on each industry.
For example, furniture bought by persons is a direct demand on the furniture
industry. The lumber and upholstery
fabrics used in the manufacture of the
furniture are indirect demands of consumer expenditures on the lumber and
textile industries. These two industries




SURVEY OF CURRENT BUSINESS

13

Table 3.—Industrial Composition of Personal Consumption Expenditures, Total and by
Major Type, in Producers' Prices, 1958
[Percent]

Producing industry

Total

.-__

1. Livestock & livestock products
2. Other agricultural products
3 . Forestry &f i s h e r yproducts
_ _ _ _
4 . Agricultural , forestry & fishery services
5 Iron & ferroalloy ores mining

__

11 New construction
12 Maintenance & repair construction
13. Ordnance & accessories
_
14. Food & kindred products _
15. Tobacco manufactures

_

_

(2)

(3)

(4)

Total

Durable
goods

Nondurable
goods

Services

100. 00
.73
.85
.10
0

__

6. Nonferrous metal ores mining .
7. Coalmining
„ _ _
.._
8 Crude petroleum & natural gas
9 Stone & clay mining & quarrying
10. Chemical & fertilizer mineral mining

(1)

__

.. _

o
o
.09
o

__

.01
(*)

_

_

o
o

_
___

__ _

.05
15.78
1.47

16 Broad & narrow fabrics, yarn & thread mills.
17. Miscellaneous textile goods & floor coverings
18 Apparel
19 Miscellaneous fabricated textile products
20. Lumber & wood products, except containers

.25
.26
3.85
.38
.05

21 Wood containers
22 Household furniture
23. Other furniture & fixtures . _
_
_
24 Paper & allied products, except containers
25 Paperboard containers & boxes
26 Printing & publishing
27 Chemicals & selected chemical products
28. Plastics & synthetic materials
29. Drugs, cleaning & toilet preparations
30. Paints & allied products.. _
_
_ _ _
31. Petroleum refining & related industries.
32. Rubber & miscellaneous plastics products
33. Leather tanning & industrial leather products _ _
34 Footwear & other leather products
35. Glass & glass products

0
.83
.04
.29
.01

_

36 Stone & clay products
37. Primary iron & steel manufacturing
38. Primary nonferrous metals manufacturing...
__
39. Metal containers
__
40 Heating, plumbing & structural metal products
41.
42
43.
44.
45.

Stampings, screw machine products & bolts
Other fabricated metal products
Engines & turbines
Farm machinery & equipment
Construction, mining & oil field machinery..

l_
__ __

_

46. Materials handling machinery & equipment ._
47. Metal working machinery & equipment
48 Special industry machinery & equipment
49. General industrial machinery & equipment...
_ _
50. Machine shop products
.
51. Office, computing & accounting machines __ __
__
52 Service industry machines _
53. Electric industrial equipment & apparatus
54. Household appliances _ _
_
55. Electric lighting & wiring equipment
56 Radio, television & communication equipment
57. Electronic components & accessories.. _
58. Miscellaneous electrical machinery, equipment & supplies
59. Motor vehicles & equipment
_
60. Aircraft & parts
61. Other transportation equipment—
. .
_
62 Scientific & controlling instruments
63. Optical, ophthalmic & photographic equipment
64 Miscellaneous manufacturing
65. Transportation & warehousing
.
66 Communications; excluding radio & TV broadcasting
67. Radio & TV broadcasting.
_
__
68. Electric, gas, water & sanitary services
69. Wholesale & retail trade.
70. Finance & insurance
_____
_
71. Real estate & rents! . _ _
72. Hotels; personal & repair services, except auto __
._
73. Business services
74. Research & development
75. Automobile repair <fe services.
__
_
76. Amusements
77 Medical, educational services, & nonprofit organizations
78. Federal Government enter prises ._
79. State & local government enterprises
80 Gross imports of goods & services
81. Business travel, entertainment, & gifts
8?. Office supplies
83. Scrap, used & secondhand goods .
85. Rest of the world industry
_ ___
86. Household industry

.__
-_-

*Less than 0.005 percent.
Source: U.S. Department of Commerce, Office of Business Economics.

100.00
0

o
o
o
o
o
o
0
o
o
o
o
.16
o
0

100.00

100.00
.06

1.46
1.73
.20
0
0

o

0
0

o

0
.19

o

.01

(*)

(*)

o
o

0
0

.43
.03
7.97
.68
.03

.27
1.86
.40
.27

0
6.39
.34

o
o

0
0
0
0

.07
32.65
3.03

o

0
0
0

o

0
0

o

0

0
0
0
.61
.03

.84
.07
(*)
1.28
.01

1.67
.14
0
.06
0

1.29
.11
.01
2.63
.01

2.50
.45
0
.90
.04

0
2.60
0
.19
.32

5.18
.23
0
1.81
.01

0
0
0
0
0

.07
.01
(*)
0
.02

.37
0
.03
0
18

.02
.01
0
0
0

.04
0
0
0

.09
.13
.04
(*)
0

.62
65
.33
.02
0

.01
09
0
0
0

0

0
.01
.01
0
0

0
.08
05
0
0

0
0

.02
.09
.01
.83
11
47
.05
.09
3.17
.01
.25
12
.16
87
2.99
1 35
0
2.78
21.21
4.07
13.78
3.26
.65
0
1.51
1.12
7.05
.22
.11
1 33
0
0
(*)
-.40
1.21

.15
65
.02
6.21
39
3 60
.39
54
24.30
.07
1.92
72
.84
3 90
1.80
0
0
0
36.76
.04
0
.02
0
0
0
0
0
0
0
.55
0
0
.13
0
0

o

0
0

.04
12
04

06
.11
76
3.04

o

0
.01
33.97
(*)
0
0
0
0
0
0

o

0
0
0
0

o

o

0
0
0

o

o
0
0
0

(*)

0

0

o

0

o

0

0
0
0
0
0

o

(*)

0
0

0
0
1.44
0
0
-.04
-.08
0

0
0

o
o

0
0
0
0
0
0
0
0
3.32
3.49
0
7.18
.02
10.53
35.67
8.43
1.69
0
3.92
2.91
18.25
.56
.28
1.45
0
0
0
-.93
3.13

Table 4.—Total, Direct, and Indirect Output Attributable to Total Personal Consumption
Expenditures and to Each Major Type, 1958
[Percent]
Total
Producing industry

Total

1. Livestock & livestock products
90.0
2. Other agricultural products
76.2
3. Forestry & fishery products ^
64.1
4. Agricultural, forestry & fishery ser vices _ 80.5
5. Iron fy fp.rrn^lloy orp,$ mining
32.2
6. Nonferrous metal ores mining
26.0
7. Coalmining- _ __
__
53.9
8 Crude petroleum. & natural gas
72.1
9. Stone & clay mining & quarrying
24.2
10. Chemical & fertilizer mineral mining
46.5
11 Ne'w construction
0
12. Maintenance & repair construction
60.7
13. Ordnance & accessories—
_ __
7.0
14 Food & kindred products
94.1
15 Tobacco manufactures
90.4
16. Broad & narrow fabrics, yarn & thread
mills
_
—
89.8
17. Miscellaneous textile goods &floorcoverings
80.5
97.5
18. Apparel
19. Miscellaneous fabricated textile prod86.7
ucts
20. Lumber & wood products, except con27.7
tainers
73.0
21. Wooden containers
22 Household furniture
78.0
14.2
23. Other furniture & fixtures
24. Paper & allied products, except con68.2
tainers
74.0
25. Paperboard containers & boxes
26. Printing & publishing
73.0
27. Chemicals & selected chemical products. 53.3
63.5
28. Plastics & synthetic materials .
29. Drugs, cleaning & toilet preparations
82.6
52.1
30 Paints & allied products
31. Petroleum refining & related industries. 70.9
32. Rubber & miscellaneous plastics products
63.0
33. Leather tanning & industrial leather
88.8
products
34. Footwear & other leather products... __ 95.3
68.2
35. Glass & glass products
3 6 . Stone & clay products - _ _ _ _ _ 20.0
31.4
37. Primary iron & steel manufacturing
38. Primary nonferrous metals manufac28.2
turing
3 9 . Metal containers _ _
___
84.4
40. Heating, plumbing & structural metal
products
11.9
41. Stampings, screw machine products &
bolts
47.0
42. Other fabricated metal products
42.7
43. Engines & turbines
21.1
44. Farm machinery & equipment
13.3
45. Construction, mining & oil field machinery
8.3
46. Materials handling machinery & equipment
6.8
47. Metalworking machinery & equipment _ 19.0
48. Special industry machinery equipment 13.0
49. General industrial machinery & equip14.4
ment
_
_ _
29.0
50. Machine shop products
51. Office, computing & accounting ma23.5
chines
24.9
52 Service industry machines
53. Electric industrial equipment & appa16.1
ratus
_75.8
54 Household appliances
55. Electric lighting & wiring equipment
33.7
56. Radio, television & communication
32.3
equipment
_
57. Electronic components & accessories
35.7
58. Misc. electrical machinery, equipment
53.3
supplies
64.7
59. Motor vehicles & equipment-3.9
60. Aircraft & parts
30.6
61 Other transportation equipment
62. Scientific & controlling instruments
31.1
63. Optical, ophthalmic & photographic
59.0
equipment
64. Miscellaneous manufacturing- __ __ __ 75.1
61.9
65. Transportation & warehousing.
66. Communications; excluding radio &
76.6
TV broadcasting
,
67. Radio & TV broadcasting
65.8
68. Electric, gas, water, & sanitary services. 79.4
80.6
69. Wholesale & retail trade. ~
86.7
70. Finance & insurance
89.4
71. Real estate & rental. _ __ _
72. Hotels; personal & repair services, ex92.1
cluding auto
66.0
73. Business services.
__
1.8
74 Research & development
84.0
75. Automobile repair & service -89.2
76. Amusements
77. Medical, educational services, & non94.3
profit organizations
75.9
78. Federal Government enterprises
79. State & local government enterprises _ _ _ 76.4
62.5
80. Gross imports of goods and services
81. Business travel, entertainment, & gifts. 65.4
82. Office supplies
_-___ __ __ 61.3

Durable goods




Services

Di- In- Total Di- In- Total Di- In- ?otal Di- Inrect direct
rect direct
rect direct
rect direct
8.0
10.4
19.4
0
0
0
9.5
0
1.1
.2
0
0
3.4
70.2
71.5

82.0
65.8
44.7
80.5
32.2
26.0
44.5
72.1
23.1
46.3
0
60.7
3.6
23.8
18.9

1.0
1.7
6.3
3.1
15.3
11.0
7.4
3.4
3.9
7.1
0
3.7
3.1
.8
.3

0
0
0
0
0
0
0
0
0
0
0
0
1.3
0
0

1.0
1.7
6.3
3.1
15.3
11.0
7.4
3.4
3.9
7.1
0
3.7
1.8
.8
.3

83.6
66.4
53.7
70.2
11.5
9.1
26.5
53.7
12.5
31.6
0
16.9
3.0
91.4
89.4

7.8
10.4
19.4
0
0
0
9.5
0
.7
.2
0
0
2.1
70.2
71.5

75.8
56.1
34.3
70.2
11.5
9.1
17.0
53.7
11.8
31.4
0
16.9
.9
21.2
17.9

5.4
8.0
4.1
7.2
5.3
5.9
20.1
15.0
7.8
7.9
0
40.1
.9
1.9
.7

6.5

83.2

10.0

.9

9.0

74.8

5.6

69.2

5.1

0

5.1

8.0
1.4

0
0

8.0
1.4

29.7
78.1

50.8
19.4

48.1
1.8
0
73.2
8.6

.3
0
0
0
0
0
0
0
.3
0
0
0
0
0
0

5.1
8.0
4.1
7.2
5.3
5.9
20.1
15.0
7.4
7.9
0
40.1
.9
1.9
.7

43.6
.5

28.2
0

15.5
.5

28.8
95.7

1.5
78.1

27.3
17.6

38.6

13.0

6.7

6.3

63.3

41.4

21.9

10.4

0

10.4

26.0
73.0
4.8
5.5

10.6
10.5
76.4
11.3

1.2
0
73.2
8.6

9.4
10.5
3.1
2.7

11.4
56.4
.9
1.6

.6
0
0
0

10.8
56.4
.9
1.6

5.7
6.1
.7
1.2

0
0
0
0

5.7
6.1
.7
1.2

8.1
1.0
19.3
1.8
.2
55.9
.9
40.3

60.1
73.0
53.8
51.5
63.2
26.7
51.2
30.6

9.7
11.6
11.8
8.4
17.6
2.0
11.4
3.2

0
0
5.0
.5
0
.3
0
0

9.7
11.6
6.9
8.0
17.6
1.7
11.4
3.2

44.6
54.4
39.7
35.6
37.9
67.7
17.1
59.0

8.1
1.0
14.3
1.3
.2
55.5
.9
40.3

36.5
53.3
25.4
34.3
37.7
12.2
16.2
18.6

13.9
8.0
21.5
9.3
7.9
12.9
23.6
8.8

0
0
0
0
0
0
0
0

13.9
8.0
21.5
9.3
7.9
12.9
23.6
8.8

19.0

43.9

28.4

14.3

14.1

24.2

4.7

19.5

10.3

0

10.3

0
83.6
5.9
2.8
.1

88.8
11.7
62.3
17.2
31.3

5.7
3.5
19.6
6.2
16.2

0
2.4
5.5
1.8
0

5.7
1.1
14.1
4.4
16.2

81.2
90.6
39.6
6.7
10.4

0
81.2
.4
.4
.1

81.2
9.4
39.2
6.4
10.3

1.9
1.2
9.0
7.0
4.8

0
0
0
.6
0

1.9
1.2
9.0
6.4
4.8

.1
0

28.1
84.4

13.2
2.2

.1
0

13.1
2.2

8.8
77.9

0
0

8.8
77.9

6.3
4.3

0
0

6.3
4.3

0

.9

11.0

3.5

.9

2.6

3.4

6.7
5.8
5.7
.3

40.3
36.9
15.4
13.0

28.8
20.6
12.1
2.5

6.3
3.8
5.7
.3

22.5
16.9
6.3
2.1

13.0
14.6
5.5
8.3

.4
2.0
0
0

3.4

5.0

0

5.0

12.5
12.6
5.5
8.3

5.2
7.4
3.6
2.6

0
0
0
0

5.2
7.4
3.6
2.6

8.3

2.1

0

2.1

3.9

0

3.9

2.3

0

2.3

0
.8
.8

6.8
18.1
12.2

2.1
10.3
3.6

0
.8
.8

2.1
9.4
2.9

2.9
5.3
7.3

0
0
0

2.9
5.3
7.3

1.8
3.4
2.2

0
0
0

1.8
3.4
2.2

0
0

14.4
29.0

6.5
12.6

0
0

6.5
12.6

5.3
8.2

0
0

5.3
8.2

2.6
8.2

0
0

2.6
8.2

2.6
11.0

20.9
13.9

6.2
17.2

2.6
11.0

3.7
6.2

9.9
3.5

0
0

9.9
3.5

7.3
4.2

0
0

7.3
4.2

.3
67.2
13.6

15.8
8.6
20.1

8.1
67.9
14.8

.2
65.5
6.4

8.0
2.4
8.3

4.5
3.6
13.3

.1
1.7
7.2

4.4
1.9
6.1

3.5
4.3
5.7

0
0
0

3.5
4.3
5.7

22.5
5.6

9.7
30.1

26.9
20.5

22.5
5.6

4.4
14.9

2.4
4.0

0
0

2.4
4.0

2.9
11.3

0
0

2.9
11.3

16.7
39.2
.2
19.2
9.7

36.6
25.5
3.7
11.4
21.5

30.6
56.9
1.4
22.5
14.1

13.2
39.2
.2
19.2
7.5

17.4
17.7
1.2
3.3
6.6

12.7
2.8
1.7
4.5
6.0

3.5
0
0
0
2.1

9.2
2.8
1.7
4.5
3.9

10.0
5.0
.9
3.6
11.0

0
0
0
0
0

10.0
5.0
.9
3.6
11.0

28.9
45.7
25.4

30.2
29.5
36.5

24.2
31.4
7.3

19.7
26.6
2.0

4.4
4.8
5.3

18.5
33.0
34.7

9.2
19.1
12.5

9.3
13.9
22.2

16.4
10.7
19.9

0
0
10.9

16.4
10.7
9.0

42.1
0
39.7
64.6
44.6
64.5

34.6
65.8
39.7
16.0
42.1
24.9

4.8
8.5
5.0
17.1
3.5
2.6

0
0
0
14.6
.1
0

4.8
8.5
5.0
2.5
3.4
2.6

16.7
32.3
16.8
58.9
13.9
12.3

0
0
.1
50.0
0
0

16.7
32.3
16.7
8.9
13.9
12.3

55.1
25.1
57.6
4.6
69.3
74.5

42.1
0
39.7
0
44.6
64.5 '

13.0
25.1
17.9
4.6
24.8
10.0

77.6
7.7
0
55.4
58.0

14.4
58.3
1.8
28.5
31.2

1.9
8.6
.4
3.4
1.5

.1
0
0
0
0

1.8
8.6
.4
3.4
1.5

5.6
32.6
.7
16.4
5.3

0
0
0
0
0

5.6
32.6
.7
16.4
5.3

84.6 77.6
24.7 7.7
.8 0
64.1 55.4
82.4 58.0

7.1
17.0
.8
8.7
24.3

90.0
15.4
6.5
18.8
0
0

4.3
60.4
69.8
43.6
65.4
61.3

.4
8.4
5.7
8.0
11.1
7.8

0
0
0
1.0
0
0

.4
8.4
5.7
6.9
11.1
7.8

1.8
28.3
21.3
39.7
33.0
26.2

0
0
0
9.9
0
0

1.8
28.3
21.3
29.8
33.0
26. 2

92.2
39.1
49.4
14.8
21.3
27.3

2.2
23.7
42.8
6.9
21.3
27.3

0

NOTE.—Detail may not add to total due to rounding,,
Source: U.S. Department of Commerce, Office cf Business Economics.

14

Nondurable goods

90.0
15.4
6.5
7.9
0
0

in turn require the products of other
industries; for example, the lumber industry requires chemicals and plastics,
the textile industry requires cotton
and wool, and so on. The cumulative
effect on each industry of all the indirect
flows generated by personal consumption expenditures is called the indirect
demand attributable to PCE. Direct
and indirect effects on each industry
of total PCE (and each other major
component of final demand) have already been published in table B of the
November 1964 article.
The first three columns of table 4
repeat the information previously published by showing the percent of each
industry's output attributable to PCE,
directly, indirectly, and in total. The
remaining columns are new and show
similar information for durable goods,
nondurable goods, and services.
PCE constituted 65 percent of GNP
in 1958. Its importance is also reflected in the total effects on the various
industries. Of the 82 industries, 50
attributed more than half of their
output to PCE, directly and indirectly,
and 19 attributed more than 80 percent
to PCE.
As one might expect, most of the
output of industries that produced
mainly finished goods was attributed to
the direct demand of PCE. For example, 90 percent of the total output
of tobacco manufactures (industry 15)
was attributed to PCE; 72 percent of
the total was purchased directly by
persons. On the other hand, the indirect demands were large for industries
producing mainly intermediate goods.
For example, less than 2 percent of the
output of chemicals (industry 27) was
sold directly to persons in 1958, but an
additional 52 percent was indirectly
required to meet the demands generated by PCE. The glass industry
(number 35) was also heavily dependent
on PCE via the indirect flows. Although PCE required only 6 percent
of this industry's output directly, it
required an additional 62 percent of
its output indirectly. The transportation and warehousing industry (number 65) was substantially dependent on
both the direct and indirect demands
of PCE. Twenty-five percent of this
industry's output represented direct
sales to persons—for passenger transportation and for transportation of all

October 1965

goods bought directly by persons. An
additional 36 percent was required
indirectly by PCE.
The interdependence of the industries in the economy can be seen by the
fact that even though an industry's
production for persons was of one major
type, some demand was generated on account of each of the other types of consumer expenditures. For example, the
deliveries of the coal mining industry
(number 7) to persons fall in the nondurable category and comprised 10
percent of the total output of the coal
industry. However, 7 percent of this
industry's output was required indirectly by personal expenditures on durables
and 20 percent was required indirectly
by expenditures on services. Some of
the products of the paper industry
(number 24) are nondurable expenditures of persons; these direct purchases
accounted for 8 percent of the output
of the paper industry. However, PCE
on durables accounted indirectly for
10 percent of the paper industry's output, and expenditures on services accounted for 14 percent.
Conversion of PCE Data to
Input-Output Form
IN order to determine the output required from each industry for a specified level and composition of personal
consumption expenditures, it is necessary to prepare the consumption expenditure data in 1958 prices and in the
industry classifications of the 1958
input-output table. The information
on the industrial composition of PCE
appearing in this article provides an
important tool for translating expenditure data as they appear in the national
accounts into the industry groupings
of the input-output table. It should
be understood that the industrial composition applicable to the year 1958
may require modification when used to
analyze expenditures for other years.
The estimates of PCE to be studied
may be developed at various degrees of
aggregation, depending on the problem
under investigation, the resources available, and so on.
If only the total of PCE is given, the
analyst may use table 3, column 1,
which shows the industrial composition




SURVEY OF CURRENT BUSINESS

15
services, the breakdowns shown in columns 2, 3, and 4 of table 3 would be
useful.

of total expenditures for personal consumption. Where PCE is given in
terms of durables, nondurables and

Table 5.—Personal Consumption Expenditures in Purchasers' Prices, Classified by Industry

and by Relative Importance of Each Industry in Each PCE Category, 1958
(Millions of dollars)

(2)

(1)

(4)

(3)

Percent of total value of each PCE
category

Producing industry

Total

___

Total

90-99.9% 80-89.9% 79.9% and
under

100%

1. Livestock & livestock products.
2. Other agricultural products
3. Forestry & fishery products
7 . Coalmining
_ _ _ _ _
9. Stone & clay mining & quarrying..

(5)

98,406

52,793

94,567

44,298

290,069

0
544
0
0
0

0
0
0
0
0

0
0
0
0
0

2,777
4,068
673
576
33

2,777
4,612
673
576
33

0
0
0
0
0

0
0
14, 238
5,974
0

0
0
51, 534
0
0

1
328
582
0
1,540

1
328
66, 353
5,974
1,540

0
0
0
0
0

0
6,715
0
0
4,184

0
11, 596
0
0
0

1,536
38
2,011
238
30

1, 536
18, 349
2, Oil
238
4, 214

0
0
0
3,105
0

0
0
0

255
1,464
44
3,709
303

10.
13.
14.
15
16.

Chemical & fertilizers mineral mining
Ordnance & accessories
_
Food & kindred products.
_
Tobacco manufactures
Broad & narrow fabrics, yarn & thread mills

17.
18.
19.
20.
22.

Miscellaneous textile goods & floor coverings
Apparel
Miscellaneous fabricated textile products
Lumber & wood products, except containers
Household furniture

23.
24.
25.
26.
27.

Other furniture &
fixtures
_
Paper & allied products, except containers
Paperboard containers & boxes
Printing & publishing
Chemicals & selected chemical products.

_

0
0
0
0
0

0

255
1,464
44
604
303

28.
29.
30.
31.
32.

Plastics & synthetic materials
Drugs, cleaning & toilet preparations
Paints & allied products. __
Petroleum refining & related industries
Rubber & miscellaneous ^plastics products _ __

0
0
0
10, 951
0

0
0
0
0
0

0
4,882
0
3,462
0

14
1,612
36
0
2,319

14
6,494
36
14, 413
2,319

34.
35.
36.
37.
38.

Footwear & other leather products
Glass & glass products
__
Stone & clay products
Primary iron & steel manufacturing
Primary nonferrous metals manufacturing

0
0
0
0
0

0
0
0
0
0

3,571
0
0
0
0

990
289
397
34
20

4,561
289
397
34
20

40. Heating, plumbing & structural metal products
41. Stampings, screw machine products & bolts
42. Other fabricated metal products.. _ _ _
43. Engines & turbines
44. Farm machinery & equipment

0
0
0
0
0

0
0
0
0
0

0
0
0
0
0

98
364
701
184
11

98
364
701
184
11

47.
48.
51.
52.
53.

Metalworking machinery & equipment
Special industry machinery & equipment
Office, computing & accounting machines.
Service industry machines
Electric industrial equipment & apparatus

0
0
0
0
0

0
0
0
0
0

0
0
0
0
0

49
30
113
450
20

49
30
113
450
20

54.
55.
56.
57.
58.

Household appliances
Electric lighting & wiring equipment _ _ _ _ _
Radio, television & communication equipment
Electronic components & accessories _ _
Miscellaneous electrical machinery, equipment & supplies

0
0
0
0
0

0
0
0
0
0

3,790
0
2,281
0
0

201
451
55
278
376

3,991
451
2,336
278
376

59.
60.
61.
62.
63.

Motor vehicles & equipment
Aircraft & parts
._
Other transportation equipment
Scientific & controlling instruments. _
Optical, ophthalmic & photographic equipment

0
0
0
0
0

0
0
0
0
0

11, 302
0
0
0
564

145
38
1, 054
640
721

11, 447
38
1, 054
640
1,285

0
3,061
3,892
0
7,066

0
0
0
0
980

0
0
0
0
0

4,509
769
17
0
14

4,509
3,830
3,909
0
8,060

69. Wholesale & retail trade
70. Finance & insurance ___
71. Real estate & rentaL __
72. Hotels; personal & repair services, excluding auto
73. Business services
_ __

0
7,374
28,670
6,266
1, 531

0
4,306
11, 048
949
0

0
0
0
0
0

377
117
242
2,240
357

377
11, 797
39, 960
9,455
1,888

75.
76.
77.
78.
79.

Automobile repair & services
Amusements
Medical, educational services, & nonprofit organizations
Federal Government enterprises.
...
State & local government enterprises

4,387
1,743
19, 493
0
0

0
1,052
0
0
244

0
0
0
0
0

0
467
954
632
68

4,387
3,262
20, 447
632
312

80.
83.
85.
86.

Gross imports of goods and services
Scrap, used & secondhand goods
Rest of the world industry. __
Household industry

1,077
0
-1, 153
3,503

0
0
0
0

1,585
0
0
0

3,196
1, 548
0
0

5,858
1,548
-1, 153
3.503

_
_ __

_ _ _ _

__

_

_ ~

_ _

_.

64. Miscellaneous manufacturing. _ _
65. Transportation & warehousing
66. Communications; excluding radio & TV broadcasting
67. Radio & TV broadcasting _ _ _ _
68. Electric, gas, water & sanitary services

_.

NOTE.—Detail may not add to total due to rounding.
Source: U.S. Department of Commerce, Office of Business Economics.

SURVEY OF CURRENT BUSINESS

16
Table C in the November 1964
article presented the industrial compo-

sition of the 12 major functional categories of PCE, an aggregation of the 83

Table 6. — Alternative Estimates of 1964 Industrial Composition of Total Personal
Consumption Expenditures
[Percent]
Alternative approaches
Producing industry

Total
1
2.
3.
7.
9

Livestock & livestock products
Other agricultural products __
Forestry & fishery products
Coal mining
_ _ _
Stone & clay mining & quarrying

_

(1)

(2)

(3)

(4)

Total
PCE

Durables,
nondurables,
services

12 major
categories

categories

100.00

100.00

100. 00

100. 00

.73
.85
.10
.09
.01

.69
.79
.09
.09

.66
.78
.09
.09
.01

.60
.74
.10
.07
.01

__

10 Chemical <fy fertilizer mineral ininiTig
13 Ordnance & accessories
14 Food & kindered products
15 Tobacco manufactures
16. Broad & narrow fabrics, yarn & thread mills

(*)

.05
15.78
1.47
.25

17 Miscellaneous textile goods & floor coverings
18 Apparel
19. Miscellaneous fabricated textile products
20. Lumber & wood products, except containers __
22. Household furniture
_
23.
24.
25
26
27.

Other furniture &
fixtures
-_
Paper & allied products, except containers
Paperboard containers & boxes
Printing & publishing
Chemicals & selected chemical products--

__

34. Footwear and other leather products
35 Glass and glass products
36 Stone and clay products
37. Primary iron and steel manufacturing _ _
38 . Primary nonferr ous metals manufacturing

'__.

59. Motor vehicles and equipment
60 Aircraft and parts
61. Other transportation equipment
62 Scientific and controlling instruments
63. Optical, ophthalmic and photographic equipment
64. Miscellaneous manufacturing
65 Transportation & warehousing
66 Communications; excluding radio & TV broadcasting
68. Electric, gas, water & sanitary services _ _
_ _______
69 Wholesale & retail trade
70.
71
72
73
75

Finance & insurance
_
Real estate & rental
Hotels; personal & repair services, excluding auto
Business services
_
__
__
Automobile repair & services

76.
77
78
79
80

Amusements
__
Medical educational services, & nonprofit organizations
Federal government enterprises
_
State & local government enterprises
_ .
_ _
Gross imports of goods & services

83. Scrap, used & secondhand goods
85 Rest of the world industry
86. Household industry

_ __ __

__ __

*Less than 0.005 percent.
NOTE.—Detail may not add to total due to rounding.
Source: U.S. Department of Commerce, Office of Business Economics.




.06
14.21
1.32
.25

(*)

.06
14.31
1.33
.27

.04
.29
.01
.84
.07

.05
.28
.01
.85
.07

.05
.30
.01
.90
.08

.05
.30
.01
.88
.07

\28
.01
.90
.04
.07
.01

(*)

.01
.01
.02
.09
.01

54 Household appliances
__ -_
55 Electric lighting and wiring equipment
56. Radio, television and communication equipment __ _•_
57 Electronic components and accessories
58. Miscellaneous electrical machinery, equipment and supplies.

(*)

.30
3.91
.42
.05
.85

.02
.09
' .13
.04
(*)

Metalworking machinery and equipment
Special industry machinery and equipment
Office, computing and accounting machines
Service industry machines _ _ _
__ _ _
Electric industrial equipment and apparatus

.06
14.86
1.38
.24

.26
3.79
.39
.05
.85

2.50
.45

40. Heating, plumbing and structural metal products
41. Stampings, screw machine products and bolts
42 Other fabricated metal products _
43. Engines and turbines
44. Farm machinery and equipment
47.
48
51
52
53

(

(*)

.31
3.63
.37
.06
1.00

_
_.

(*)

83

of PCE

.26
3.85
.38
.05
.83

_

28. Plastics and synthetic materials
29 Drugs, cleaning and toilet preparations
30. Paints and allied products
31. Petroleum refining and related industries
32 Rubber and miscellaneous plastics products

of PCE

(

\21

(

\36
.51

8

(

\3*
.01
2.67
.48

.85
.05
.08

\«
.01
2.33
.49

.82
.05
.08
.01

.89
.05
.08
.01
(*)

(*)
.03
.10
.14
.05

(*)

(

.03
.09
.15
.05

.03
.09
.14
.05
(*)

(*)

.01
.01
.02
.10

.01
.01
.02
.09
.01

.01
.01
.02
.10
.01

.83
.11
.47
.05
.09

.99
.12
.57
.06
.10

.86
.11
.51
.06
.10

.93
.12
.64
.07
.10

3.17
.01
.25
.12
.16

3.82
.01
.30
.14
.18

3.44
.01
.27
.12
.17

4.18
.01
.37
.08
.18

.87
2.99
1.35
2.78
21.21

.96
2.95
1.35
2.79
21.25

.91
3.03
1.38
2.85

20.88

.99
2.71
1.53
2.96
21.29

4.07
13. 78
3.26
.65
1.51

4.09
13.83
3.27
.66
1.52

4.20
14.62
3.14
.65
1.64

4.18
14.34
3.10
.63
1.37

1.12
7.05
.22
.11
1.33

1.13
. 7.07
.22
.11
1.30

1.21
7.20
.22
.12
1.43

.99
7.06
.22
.12
1.35

(*)
-.40
1.21

(*)
—.40
1.21

(*)
-.46
1.24

(*)
-.35
.87

(*)

October 1965

categories shown in table 1 of this
article. These breakdowns could be
used with independent estimates of the
aggregate value of each of the 12 major
categories.8
If PCE is known for each of the 83
categories shown in the annual GNP
accounts, the producers' values in
table 1 could be used to classify, by
industry, the value of each PCE category. This method—the 83-category
method—makes use of the finest detail
available from published series on
PCE. Furthermore, the 83 categories
provide substantial flexibility for the
analyst since they can be recombined
to any level of aggregation. Table 1 is
also of use where the problem under
analysis concerns only selected categories.
All of these alternatives assume, in
varying degrees, stability in the industrial composition of PCE. Detailed
as the 83-category method is, its use
would not, of course, take account of
changes in industrial composition within
a PCE category from 1958 to the period
under consideration. For example, the
1958 industrial composition of "kitchen
and other household appliances" (category V-2), if applied to a year after
1958, would probably underestimate
the purchases of air conditioners from
industry 52 and overestimate the purchases of other household appliances
from industry 54. Under such circumstances, regardless of what level
of aggregation of PCE is used, the
analyst may find it desirable—depending on the nature of his problem—to
make explicit changes in the industrial
composition of one or more categories,9
with appropriate changes in the transportation and trade margins for th
category.
Let us assume that the analyst has
classified PCE into the 83 categories
and now wishes to estimate its industrial
composition. The following procedure
would be used:
(1) Convert the value for each of the
categories to 1958 prices by dividing
total expenditures in purchasers' prices
by a price index on a 1958 base. Price
8. Table C in the November 1964 article used groupings
that are being revised slightly. Of the 12 categories, changes
were confined to shifts from category VI to category VII.
9. Table 8 shows the changes that took place in the industrial composition of each PCE category from 1947 to 1958 in
purchasers' prices.

of Personal Consumption Expenditures in Purchasers'
deflators are published in the national Table 7.—Industrial Composition Prices,
1947 and 1958
accounts for broad groups of PCE.
[Percent]
Detailed price indexes are available
Percent distribution of personal
from basic sources such as the BLS
consumption expenditures
Consumer Price Index.
Producing industry
1947
1947
1958
(2) For each consumption category, prepare a percent distribution of producers'
(Current
(1958 dollars)
dollars)
values. Such a distribution for each
category can be obtained from the first
100.00
Total.
100.00
100.00
column of table 1 if the first column is
1. Livestock & livestock products
1.42
.96
2.06
extended (as shown in the next 3 2. Other agricultural products
3.31
3.33
1.59
3. Forestry & fishery products
.23
.28
.23
columns) to include total transportation 4. Agricultural, forestry & fishery services..
0
0
5. Iron & ferroalloy ores mining
0
0
margins (industry 65), total trade mar6. Nonferrous metal ores mining
0
0
gins (industry 69), and insurance 7. Coal mining.
.20
.69
.79
8. Crude petroleum & natural gas
0
0
charges (industry 70).
9. Stone & clay mining & quarrying
.01
0
10. Chemical & fertilizer mineral mining..
0
(3) Multiply the deflated value of
11. New construction
0
0 .
expenditures obtained in step 1 by the 12. Maintenance & repair construction..
0
0
13. Ordnance & accessories
.11
.10
.13
percent distribution obtained in step 2. 14. Food & kindred products
22.88
26.62
24.96
2.06
15. Tobacco manufactures
2.41
2.33
(4) For each industry, sum the re16. Broad & narrow fabrics, yarn & thread mills
_
_
.53
.72
1.05
17. Miscellaneous textile goods & floor coverings
sulting values.
.50
.55
18. Apparel
8.51
7.10
Miscellaneous fabricated textile products
.58
.87
If more aggregated alternatives are 19.
20. Lumber & wood products, except containers
.08
.37
used, step 2 is unnecessary since a 21. Wooden containers
0
0
1.45
22. Household furniture..._
1.56
1.46
complete breakdown of producers' 23.
.09
Other furniture &
fixtures
.
.04
Paper & allied products, except containers
___
.50
.38
values for all industries (including 24.
.02
25. Paperboard containers & boxes
transportation and trade) is available 26. Printing & publishing
1.31
1.64
1.28
.10
27. Chemicals & selected chemical products
.10
.10
in table 3 of this article or in table C 28.
Plastics & synthetic materials
(*)
(*)
2.24
29. Drugs, cleaning & toilet preparations
1.73
1.58
of the November 1964 article.
.02
30. Paints & allied products
.02
.01
31. Petroleum refining & related industries
3.02
3.26
4.97
Although the problem of industry 32.
Rubber & miscellaneous plastics products
.71
.80
Leather tanning & industrial leather products
(*)
0
mix within a PCE category is one which 33.
1.57
2.14
34. Footwear & other leather products..
2.16
.24
. 17
.10
the analyst must be constantly aware 35. Glass & glass products
.14
36. Stone & clay products
.15
.17
of, its importance should not be exag- 37. Primary iron & steel manufacturing
.05
.08
.01
38. Primary nonferrous metals manufacturing
.03
.04
.01
gerated because many categories con- 39. Metal containers
.02
0
.02
.03
40. Heating, plumbing & structural metal products
. 16
.17
sist entirely or in large part of a 41. Stampings, screw machine products & bolts
.34
.13
.24
Other fabricated metal products
.26
.30
single industry. Of the total value of 42.
.06
.03
43. Engines & turbines
.03
44.
Farm
machinery
&
equipment
.01
.01
(*)
sales to persons in 1958 (measured in 45. Construction, mining & oil field machinery
o
0
purchasers7 prices), 34 percent was 46. Materials handling machinery & equipment
0
0
.02
.03
Metalworking machinery & equipment
classified in PCE categories where a 47.
.02
48. Special industry machinery & equipment
.__
.01
.01
49. General industrial machinery & equipment
0
0
0
single industry comprised 100 percent 50. Machine shop products
0
0
0
.04
.03
51. Office, computing & accounting machines
.02
of the category; 18 percent was classi- 52.
.15
.01
Service industry machines
. 01
Electric industrial equipment & apparatus
.01
.01
.01
fied in categories where one industry 53.
1.36
54. Household appliances
1.87
1.38
.16
. 19
.20
comprised 90 to 99.9 percent of the 55. Electric lighting & wiring equipment
Radio, television & communication equipment
. 74
.81
category, and 33 percent fell in cate- 56.
57. Electronic components & accessories
(*)
.10
58. Miscellaneous electrical machinery, equipment & supplies
. 23
.25
.13
gories where one industry comprised 59. Motor vehicles & equipment
2.75
3.95
3.10
.02
Aircraft & parts
.01
.01
80 to 89.9 percent of the category. 60.
.26
.36
61. Other transportation equipment
.27
.22
.34
Scientific & controlling instruments
.44
Only 15 percent of the value of industry 62.
.44
.37
63. Optical, ophthalmic & photographic equipment
1.55
Miscellaneous manufacturing
2.01
1.78
sales to persons fell in categories where 64.
65. Transportation & warehousing
2.05
2.83
1.32
one industry comprised less than 80 66. Communications; excluding radio & TV broadcasting
1.35
.89
Radio & TV broadcasting
0
0
0
percent of the value of the category. 67.
1.73
2.78
68. Electric, gas, water & sanitary services
1.74
.13
.19
Wholesale & retail trade
.
..
. 19
The detail for each industry is shown in 69.
3.69
4.07
70. Finance & insurance
2.68
10.43
13.78
71. Real estate & rental
9.52
table 5.
3.26
3.67
72. Hotels; personal & repair services, excluding auto
3.34
.84
.65
Business services
.
. 56
Each entry (in purchasers' prices) 73.
0
0
74. Research & development
0
1.41
1.51
1.22
within each category in table 1 was 75. Automobile repair & services
1.12
1.96
76. Amusements
1.82
allocated to one of the first four columns 77.
7.05
Medical, educational services, & nonprofit organizations
5.48
6.25
.22
.22
78. Federal Government enterprises
.19
in table 5, according to the percent of 79. State & local government enterprises
.11
.05
.05
2.02
.95
80. Gross imports of goods & services.
1.07
the total value of the category repre- 81. Business travel, entertainment, & gifts
0
0
0
0
0
Office supplies
0
sented by the entry. For example, the 82.
.53
.29
83. Scrap, used & secondhand goods
0
Government industry
0
0
first entry for the apparel industry 84.
-.40
85. Rest of the world industry
-.46
1.21
1.53
____'
1.46
(number 18) in table 1 appears in cate- 86. Household industry
gory II-3a, where it comprises 87 per*Less than 0.005 percent.
cent of the category. Accordingly,
Source: U.S. Department of Commerce, Office of Business Economics.




17

SURVEY OF CURRENT BUSINESS

18

October 1965

Table 8.—Industrial Composition of Personal Consumption Expenditures in Purchasers' Prices by PCE Category,1 in Constant (1958)
Dollars, 1947 and 1958
[Percent]
Producing
industry
number 2

1947

1958

1-1. Food purchased for offpremise consumption
1_
2
3
10
14
27
65__80

_

100.0
3.8
10.0
.6
0
83.3
(*)
.4
1.9

100.0
3.5
5.5
.8
(*)
86.5
(*)
.2
3.5

1-2. Purchased meals and
beverages

3.
14
27.
69

—

100.0
1.4
7.0
2.0
86.6
(*)
3.0

100.0
1.2
2.5
.9
92.9
0
2.5

1-3. Food ftirnished govern,
ment (including nlilitaryl)
and comm ercialeniployees
1
23
10
14
27
80

—-

100.0
3.4
10.6
.6
0
85.4
0
0

100.0
3.5
5.5
.8
(*)
86.7
(*)
3.5

1-4. Food produced and consumed on farms
100.0
41.8
34.6
23.6

1
2
14

100.0
30.4
28.3
41.3

1-5. Tot acco pro iucts
100.0
99 9

15
80

!i

_.

100.0
8.8
90.7
K

100.0
99 9
.1

100.0
10.1
87.7

100.0

..._
_„.
___

100.0
4.1
.3
88.6
.4
.4
.4
4.2
.7
.8
.1

100.0
3.4
.1
89.3
.4
.3
.1
4.2
.5
1.8
-.1

II-4. Standard clothing
issued to military personnel

16
18
34

100.0
n.a.
n.a.
n.a.

II-5. Cleaning, dyeing, pressing, alteration, storage
and repair of garments including furs (in shops) not
elsewhere classified
100.0

72

100.0

II-6. Laundering in estabments
100.0
98.1
1.9

77

100.0
97.1
2.9

II-7. Jewelry and watches

34.. _
62___
64___
80
833

___

100.0
.5
25.8
70.0
4
3.3

100.0
2.9
14.3
79.2
2 2
1.4

II-8. Other clothing , accessories, and jew<Jlry
72___

100.0

100.0

ni-1. Toilet articles and
preparations

19
29
32
42
54
64
80

..
—
._
___

72 _ _ . _

100.0
0
81.2
.5
7.3
2.2
8.4
.4

1.00. 0
.1
84.7
.2
6.2
3.6
4.5
.7

100.0

100. 0

IV-1. O wner-occupied
nonfari n dwelliiigs—
space-rental va lue

_.._

71

100.0

100.0
56.7
33.3
10.0




71
72
77

—

100.0
98.7
(*)
1.3

100. 0
98.0
1.3
.7

IV-3. Rental value of farm"
houses
100.0

71

__

100.0

100. 0

V-l. Furniture, including
mattresses and bedsprings

22 __
23
80_-_
83 3

100.0
98.2
.4
1.2
.2

1947

100. 0
96.2
.6
1.4
1.8

1958

V-2. Kitchen and other
household appliances

22__
38__40-_.
52__
54
58
80-_
833

_
_.

100.0
0
.8
8.2
.2
90.0
.7
.1
0

100.0
.7
.3
2.2
8.3
83.9
.6
3.3
.7

V-3. China, glassware,
tableware, and utensils
100.0
1.9
.3
20.8
9.0
3.0
30.0
8.1
25 4
1.5

20.__
32___
35
36
38
41
42
64
80

100.0
1.4
16.9
12.7
12.0
.4
20.2
9.5
19.0
7.9

V-4. Other durable house
fur nishings
16.__
17
19.___
20
23
32___
34
35._36__39.-40. _
42
44
47.-48
51
52
53
54
55
61
62
63
64
80
V-5.

16
17
18
19
26
28
32
35
37
41
64
80

_

_

__

_

100.0
6.4
29.2
2.6
7.2
2.4
.8
.7
1.6
3.2
1.5
3.0
8.6
.8
2.0
1.0
1.9
.3
.5
1.6
6.0
.1
5.6
.1
12.6
.3

100.0
6.1
39.1
4.0
3.7
6.2
1.0
.9
1.7
2.2
0
0
6.7
.3
1.3
.8
3.0
1.1
.3
2.6
5.0
.2
3.4
.2
7.6
2.6

9
14
24
25
26.
27
29
30
31
33
36
42
53
55
58
64
80

Producing
industry
number 2

__
__

_.

100.0
24.4
4.1
.6
48.0
0
.2
3.8
.5
1.0
4.0
13.4
0

100.0
23.5
1.2
.8
64.9
.3
.6
.6
.4
.6
.8
5.6
.7

100.0
0
1.2
23.9
.1
.6
4.7
45.4
2.7
.2
.2
.1
0
0
8.3
2.5
10.1
0

100.0
.7
0
27.7
1.4
.1
4.7
50.8
1.2
0
0
1.6
2.7
.2
5.2
1.3
2.4
(*)

1947

1958

V-7. Stationery and writing supplies
24
26
27
32
37
42
64

—

100.0
18.1
72.5
1.4
1.3
0
.3
6.4

100.0
29.1
57.7
2.0
1.2
.8
0
9.2

Producing
industry
number 2

100.0

68

_

100.0

77...

100.0
94.3
5.7

7
14
20
27
31
37
68

—

100.0

100.0
93.5
6.5

100.0
13.9
0
1.8
.3
83.4
.3
.3

V-9. Telephone and
Telegraph
66__.

100.0

77

..

100.0

100 0

100 0

V-ll. Ot her hous ehold
OJteration
65
70-72__
73
78.-_

100.0
20.1
5.6
39.9
4.5
29.9

100.0
16.2
6.6
41.4
3.5
32.3

100.0
9.1
0
79.5
4.1
0
0
7.3

100.0
7.9
(*)
84.2
2.8
.3
.1
4.7

VI-2. Ophthalmic products
and orthopedic appliances
58..—
62....
63—

100.0
3.9
15.3
80.8

100.0
99.4
.6

100. 0

70

100.0
.3
14.7
85.0

100.0

100.0

VI-4. Dentists
77

100.0

100.0

1958

58. .
59
833

16.8
19.7
0

11.7
6.8
1.2

VIII-lc. Automobile repair,
greasing, washing, parking, storage, and rental

100.0

100.0
99.9
.1

75-.

100.0

31

100.0

70.__

100.0

100.0

VIII-le. 1bridge, tiinnel,
ferry, a nd road \ oils

...

100.0
100.0
0

100.0

100.0

100.0
99.0
1.0

100.0

1 burial
VII-6. Fun eral an<
expenses 6
9
___^_
36
71...——
72

100.0
0
6.1
24.5
fiQ A.

100.0
2.4
97.6

VHI-lf. Au tomobile insurance prem iums less claims
paid
70._-

100.0
.9
4.6
18. 3

100.0

100.0

Vni-2a. Street and electric
railway and local bus
65

100.0

100.0

VIII-2b. Taxicab
100.0

65....

100.0

VIII-2c. Railway
(commutation)

VII-5. 1-•egal serdees
73

100.0
35.7
64.3

65- _
79__

VII-4. Expense of 1tandling
life insuranc B
70
80

100.0

100.0

VII-3. Services furnished
without payment by financial intermediaries except
insurance companies
70

100.0

100.0

VII-2. Bank service charges,
trust services, and safedeposit box rental

100.0

65.

100.0

VIII-3a. B ail way (excluding comimutatio n) and
sleeping ;md parl<>r car
65

-

100.0

100.0

7fi 9.

VIII-3b. Intercity bus
VII-7. Other personal
business
66
73
76
77
78

—

100.0
0
10.2
5.9
77.0
6.8

100.0
1.8
12.6
.6
78.3
6.7

VHI-la. New cars and net
purchases of used cars 1
59_-.._— _
fi1
83

100.0
86.2
3.7
10.1

100.0
85.2
4.4
10.4

VIH-lb. Tires, tubes,
accessories, and parts

VI-3. Physicians
77

100.0

1947

VIII-lb.— Continued

VII-1. Bro kerage c barges
and investmtent couiiselings

VI-1. Drug preparations
and sundries
24
27
29
32__
54
55
62__

Producing
industry
number 2

VHI-ld. Gasoline and oil

V-10. DCunestic service
86 •

100.0

VI-6. Privately controlled
hospitals and sanitariums

70.__
77._-

V-8d. Other fuel and ice
100.0
38.9
4.0
11.9
0
41.8
3.4
0

100.0

100.0

V-8c. Water and otli er sanitary services 4
68
79

1958

VI-7. Health insurance

V-8b. Gas
68

1947

VI-5. Other professional
services

V-8a. Electricity

Semidurable house
furnishings

V-6. Cleaning and polishing preparations, and misc.
household supplies and
paper products

100. 0

IV-4. Other housing

72__

Producing
industry
number 2

100. 0

IV-2. Tenant-occupied
nonfarm dwellings
(including lodging
houses) —space rent

100.0

II-3 a & b. Women's and
children's, men's and boys'
clothing and accessories,
except footwear
16
17
18
19
24
32
34
64
80
833

1958

0 0

II-2. Shoe cleaning and
repair
72____

1947

III-2. Barbershops,
beauty parlors, and baths

II-l. Shoes and otlicr footwear

32__
34
80

Producing
industry
number 2

19
27.
29
32
42
52
55
56

_

—

100.0
4.3
4.6
.4
47.4
1.8
0
4.3
.7

100.0
3.6
3. 6
1.8
64.7
.9
1.7
1.4
2.6

65....

100.0

100.0

VIII-3c. Airline
e*f

100.0

100.0

VIII-3d. Other intercity
transportation
65

100.0

100.0

IX-1. Books and maps

26.-83 3

100.0
100.0
0

100.0
99. 3
.7

IX-2. Magazines, newspapers, and sheet music

26.833..

100.0
100.0
0

100.0
101.4
-1.4

SURVEY OF CURRENT BUSINESS

October 1965

19

Table 8.—Industrial Composition of Personal Consumption Expenditures in Purchasers, Prices by PCE Category,1 in Constant (1958)
Dollars, 1947 and 1958—Continued
[Percent]
Producing
industry
number 2

1947

1958

Producing
industry
number 2

IX-3. Nondurable toys and
sport supplies

3
13
17
24
26 27
32
53
55
58
AQ
64
80

-'--

___
_

1.00.0
.5
14.4
0
1.4
3.5
2.5
4.4
0
0
6.7
12.4
53.6
.6

100.0
1.7
9.5
.9
.5
2.3
.8
2.1
.1
3.3
1.5
15.2
59.0
3.1

IX-4. Wheel goods, durable
toys, sport equipment,
boats and pleasure aircraft

13
19
32

100.0
9.1
1.4
1.4

100.0
6.9
3.4
1.3

1947

1958

IX-4.— Continued
34
42
43
60
61
63
64
72

_

—

7fi

80
833

1.8
3.9
6.0
2.7
23.1
18.8
29.9
1.3
.6
0
0

100.0
0
74.8
.5
6.9
17.8
0

1947

1958

IX-6. Radio and TV repair

1.8
1.4
10.0
2.1
25.6
21.3
25.1
.4
0
(*)
.7

IX-5. Radio and TV
receivers, records, and
musical instruments

34
56
57
58
64
833

Producing
industry
number 2

100.0
.3
80.4
9.8
.9
7.4
1.2

72

100.0

100.0

100.0

IX-ga. Admissions to
motion picture theaters
76

100.0

100.0

26.
76

—

77-

100.0
1.6
98.4

76.__

__

100.0
4.7
95.3

100.0
4.9
95.1

1947

1958

IX-12. Other recreation

1. _
72__
73____
76
__..
77..
80___

100.0
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

100.0
5.8
29.1
15.1
39.1
9.6
1.3

X-l. Private higher
education
100.0

77

100.0

Producing
industry
number 2
XI.

1947

77

XII-1.

100.0

.._._

100.0

100.0

100.0

Foreign travel by
U.S. residents
100.0
11.4
88.6

65
80

100.0
16.6
83.4

XII-2. Expenditures abroad
by U.S. Government personnel (military and civilian)
100.0

100.0

o Priva**-

secondary schools
100.0

77

100.0

XII-3. Expenditures in the
United States by foreigners8
85

IX-11. Pari-mutuel net
receipts

1958

Religious and welfare
activities

80

X

X-3.
77.

Other private education and research
—

100.0

100.0

100.0

XII-4. Personal remittances
in kind to foreigners 9

100.0

100.0

100.0

5

Change in definition from old category VII-1, Brokerage charges and interest, and
investment counseling.
6 Funeral and burial expenses, formerly numbered VI-8.
7
Imported cars do not appear as a purchase from the import industry (number 80) but
are included in the motor vehicles industry (number 59). The import data on autos and
parts used for the 1958 input-output study did not distinguish between assembled and
unassembled cars. The total value of such imports was transferred to industry 59 for
distribution.
8
Expenditures in the United States by foreigners, formerly numbered XII-4.
9 Does not correspond to old category XII-4.
Source: U.S. Department of Commerce, Office of Business Economics.

this value of $11,596 million was al- goods, nondurable goods and services;
located to column 3 of table 5. The third, the 12 major categories of PCE;
second entry for this industry ($6,715 and finally, the 83 categories of PCE.
million) appears under category II-3b In each approach, the 1958 industrial
in table 1 and comprises 94 percent of composition of the various categories
the category; it was, therefore, al- was held constant. Table 6 presents
located to column 2 of table 5. The (in percentage terms) these alternative
next entry for industry 18 ($19 million) estimates of the industrial composition
appears under category II-4 and con- of 1964 PCE.
stitutes 33 percent of the category;
It seems reasonable to assume that
therefore, it has been allocated to the 83-category method yields the best
column 4 of table 5. The last entry approximation to the "correct" indus($19 million) appears under category trial composition in 1964, and for this
V-5 and comprises 75 percent of the reason, it was-used as a standard of
total, so it too was allocated to column comparison. This standard in itself
4 of table 5.
may be subject to some error. For
each approach, the percent difference
Comparison of approaches
from the 83-category standard was
For illustrative purposes, the indus- computed, industry by industry. These
trial composition of total personal
consumption expenditures in 1964 has percent differences without regard to
been estimated by the four different sign were then averaged for all indusapproaches described aboVe. Each ap- tries, first on an unweighted basis and
proach involved the use of revised 1964 then on a weighted basis, using the
figures (in 1958 prices) for PCE, at 83-category estimates for the various
varying levels of aggregation, as fol- industries as weights. Summary relows: first, total PCE; second, durable sults are shown in the text table below.




Producing
industry
number 2

100.0

IX-10. Commercial participant amusements

76

*Less than 0.05 percent.
1 The numbering scheme of the personal consumption expenditure categories corresponds
to the table "Personal Consumption Expenditures, by Type of Product" to be published
in a forthcoming supplement to the SURVEY OF CURRENT BUSINESS. With the exceptions
footnoted, the category numbers also correspond to table 14 in the July 1964 SURVEY.
Expenditure categories VII-6 and XII-3 in the July 1964 table have been omitted because
they are no longer included in personal consumption expenditures.
2 Industry number relates to the numbering scheme used for the 1958 input-output study.
For name and Standard Industrial Classification (SIC) coverage of each industry, see the
table
at the end of this article.
3
The entries for this industry are not exactly comparable. See footnote 7 and appendix
for4 explanation.
Change in definition from old category V-8c, Water.

100.0
0
100.0

100.0

65
76

100.0

1958

IX-9. Clubs and fraternal
organizations except insurance

IX-Sb. Admissions to legitimate theaters and opera,
and entertainments of
nonprofit institutions (except athletics)
100.0

1947

IX-8c. Admissions to spectator sports

100.0

IX-7. Flowers, seeds, and
potted olants
2.

Producing
industry
number 2

Percent
Durables, 12 major
noncategories
Total PCE durables,
of PCE
and services
Unweighted average *.

11.8

8.4

8.5

Weighted average i _ _ _

6.3

4.5

4.8

1. Industries of less than 0.01 percent in column 4 of table 6
were excluded from the averages.

As might have been expected, the
use of the 1958 industrial composition
of total personal consumption to estimate the 1964 composition yields
results inferior to the two less aggregated approaches (the 3-category
breakdown and the 12-category breakdown). It is also apparent that, in
this particular example, the estimates
from the 12-way breakdown are not
significantly different from those from
the 3-way breakdown.
In comparing the performance of
the latter two approaches with each
other, it is important to remember
that 1958 was a year of mild recession;
in constant dollars, expenditures on

SURVEY OF CUEEENT BUSINESS

20
durable goods were relatively low and
expenditures on nondurables were relatively high, as compared with 1964.
Services were about the same proportion
of the total in both years. The 12category breakdown does not isolate
the three types of expenditure but
combines two or more of them in some
categories. The 3-category breakdown
is homogeneous in this respect; although
it is more highly aggregated than the 12-

category breakdown, it has the advantage of a separation of expenditures
into groups with different responses to
the business cycle.
It is also evident from this example
that the percent differences are largest
for the industries of small value in
PCE; the unweighted average percent
difference is greater than the weighted
average in each of the three approaches
shown in the text table.

Industry Numbering for the 1958 Input-Output Study
Industry No. and Industry Title
Agricultural, forestry & fisheries
1 Livestock & livestock products

Related SIC
Codes (1957
Edition)

Industry No. and Industry Title

46 Materials handling machinery &
equipment.
47 Metalworking machinery & equipment.
2 Other agricultural products
48 Special industry machinery & equipment.
49 General industrial machinery &
3 Forestry & fishery products.
equipment.
50 Machine shop products
_.
4 Agricultural, forestry & fisheries serv51 Office, computing & accounting
ices.
machines.
Mining
52 Service industry machines
53 Electric transmission & distribution
5 Iron & ferroalloy ores mining1011, 106
equipment, & electrical industrial
6 Nonferrous metal ores mining..
102, 103, 104, 105,
apparatus.
108, 109
7 Coal mining
11, 12
54 Household appliances
1311, 1321
55 Electric lighting & wiring equip8 Crude petroleum & natural gas
9 Stone & clay mining & quarrying. __ 141, 142, 144,
ment.
56 Radio, television, & communication
145, 148, 149
10 Chemical & fertilizer mineral mining- 147
equipment.
57 Electronic components & accessories.
Construction
58 Miscellaneous electrical machinery,
11 New construction
equipment, & supplies.
138, pt. 15, pt.
59 Motor vehicles & equipment
16, pt. 17, pt.
6561
60 Aircraft & parts
12 Maintenance & repair construction.__ pt. 15, pt. 16,
61 Other transportation equipment
62 Professional, scientific, & controlling
pt. 17
instruments & supplies.
Manufacturing
63 Optical, ophthalmic, & photograph19
ic equipment & supplies.
13 Ordnance & accessories
20
64 Miscellaneous manufacturing
14 Food & kindred products
21
15 Tobacco manufactures
communication, electric,
16 Broad & narrow fabrics, yarn & 221, 222, 223, 224, Transportation,
gas, & sanitary services
226, 228
thread mills.
65
Transportation
& warehousing
17 Miscellaneous textile goods & floor 227, 229
coverings.
Communications,
except radio &
225, 23(exc. 239),
18 Apparel
television broadcasting.
3992
Radio
&
T.V.
broadcasting..
19 Miscellaneous fabricated
textile 239
Electric, gas, water, & sanitary
products.
services.
20 Lumber & wood products, except 24 (exc. 244)
Wholesale
& retail trade
containers.
244
69 Wholesale & retail trade..
21 Wooden containers
251
22 Household furniture
23 Other furniture & fixtures
25 (exc. 251)
24 Paper & allied products, except con- 26 (exc. 265)
tainers & boxes.
265
25 Paperboard containers & boxes
Finance insurance & real estate
26 Printing & publishing
27
70 Finance & insurance
27 Chemicals & selected chemical 281 (exc. alumina
pt. of 2819),
products.
71 Real estate & rental.
286, 287, 289
282
28 Plastics & synthetic materials
Services
29 Drugs, cleaning, & toilet prepara- 283, 284
72 Hotels & lodging places; personal &
tions.
repair services, except automobile
285
30 Paints & allied products
repair.
31 Petroleum refining & related in- 29
73
Business
services
dustries.
32 Rubber & miscellaneous plastics 30
products.
33 Leather tanning & industrial leather 311, 312
products.
34 Footwear & other leather products. -. 31 (exc. 311, 312) 74 Research & development
75 Automobile repair & services
321, 322, 323
35 Glass & glass products
324, 325, 326, 327, 76 Amusements
36 Stone & clay products
77 Medical, educational services, &
328, 329
nonprofit organizations.
37 Primary iron & steel manufacturing. _ 331, 332, 3391,
Government enterprises
3399
78 Federal Government enterprises
38 Primary nonferrous metals manu- 2819 (alumina
79 State & local government enterprises.
only), 333, 334,
facturing.
335, 336, 3392
Imports
3411, 3491
39 Metal containers
80 Gross imports of goods & services
40 Heating, plumbing & fabricated 343, 344
Dummy industries
structural metal products.
81 Business travel, entertainment, &
41 Screw machine products, bolts, nuts, 345,346
etc., & metal stampings.
_342, 347, 348, 349 82 Office supplies
42 Other fabricated metal products
Scrap, used & secondhand goods(exc. 3491)
351
Special
industries
43 Engines & turbines
84 Government industry
44 Farm machinery & equipment
_ 352
85 Rest of the world industry
45 Construction, mining, oil field ma- 3531,3532, 3533
86 Household industry
chinery & equipment.




013, pt. 014, 0193,
pt. 02, pt. 0729
Oil, 012, pt. 014,
0192, 0199, pt.
02
074, 081, 082, 084,
086, 091
071, 0723, pt. 0729,
085,098

Related SIC
Codes (1957
Edition)
3534, 3535, 3536,
3537
354
355
356
359
357
358
361, 362
363
364

365, 366
367
369
371
372
373, 374, 375, 379
381, 382, 384, 387

383, 385, 386
39 (exc. 3992)

40, 41, 42, 44, 45,
46, 47
481, 482, 489
483
49
50 (exc. manufacturers sales
offices), 52, 53,
54,55,56,57,58,
59, pt. 7399

60, 61, 62, 63, 64,
66,67
65 (exc. 6541 &
pt. 6561)
70, 72, 76 (exc.
7694 &7699)

6541, 73 (exc.
7361,7391, &
pt. 7399), 7694,
7699, 81, 89
(exc. 8921)

75
78,79
0722, 7361, 80, 82,

84, 86, 8921

October 1965

Comparison of 1947 and 1958
IN order to illustrate the extent to
which the industrial composition of
personal consumption expenditures has
changed over time, two tables are
presented comparing 1947 and 1958.
Such information may provide useful
insights in estimating the industrial
composition of PCE for years other
than 1958. It is important to note
tliat both of the tables are based on
purchasers' prices.
The first, table 7, shows the industrial
composition of total PCE in 1947 and
1958, in the prices of their respective
years and in 1958 prices. Differences
in industry composition in the two
years, based on constant dollar data,
reflect shifts in the relative importance
of the 83 categories of PCE, industry
shifts within each of the PCE categories,
and estimating errors. The second
table, number 8, shows for 1947 and
1958 the industrial composition of each
PCE category based on constant (1958)
dollars. It therefore isolates the
changes in industrial composition within
each category of PCE from changes in
the relative importance of the various
PCE categories in the total. Estimating errors also affect the comparison
in table 8.
The 1947 figures in both tables 7
and 8 were based on the 1947 Interindustry Study of the Bureau of
Labor Statistics. The adjustments required to make the 1947 data correspond to the concepts of the 1958 flow
table are described in the appendix
below.

Appendix
UNPUBLISHED data from the 1947 Interindustry Relations Study of the Bureau of Labor Statistics and the officia 1
personal consumption expenditure series of the National Income Division M provided the bases for the 1947 distributions
by industry shown in this article. Unlike the 1958 input-output study, the 1947 study had not been integrated with the
national income and product accounts, so that adjustments
were necessary to make the 1947 figures conform, as nearly
as possible, to the concepts of the national accounts and the
1958 table. A tabulation giving the allocations to the personal sector from each industry by PCE category was available as a byproduct of the 1947 input-output study. Even
when all adjustments were made to reorganize the 1947
input-output allocations into the concepts of the 1958 table,
minor differences remained between the 1947 input-ouput
allocations to a given PCE category and the National Income Division's estimate for that category. These were
10. To be published in a forthcoming supplement to the
SURVEY.

(Continued on page 28)

by CHARLES S. FRIEDMAN

The Stock of Automobiles in the United States
Its Size and Value in the Postwar Period
J_ HIS article presents newly developed estimates of the stock of passenger
cars in the United States measured in
both units and values. The valuation
of the stock is in terms of original
(historical), current year, and constant
dollar costs; the current year values are
also estimated by utilizing used car
market prices. Values are shown on
both a "gross" and a "net" basis. The
gross stock assumes no reduction in the
value of assets however old or obsolete
they may be so long as they remain in
service. The net stock attempts to
account for the decline in the value of
assets during their lives. Because of
the uncertainties as to the exact pattern
of decline in auto values as they age,
several alternative assumptions concerning depreciation rates have been
used in the estimation of net stocks.
This project is one of several undertaken by the Office of Business Economics in connection with an interdepartmental study of economic growth
in the United States. The ultimate
goal of this particular project is to
provide data on the stocks of all durable
goods in the hands of consumers, with
the expectation that such data will
contribute to the analysis of consumer
demand, economic growth, and national
wealth. The present article presents
estimates of total auto stocks; further
study is needed to determine the distribution of ownership among consumers, business, and government.
Stocks of Cars in Units
The new series provide end-of-year
estimates of the total number of passenger cars in (highway) use in the United
States: Conceptually, cars in dealers'
inventories are excluded. Although it
was possible to exclude dealers' inventories of new cars from the estimates,




available data did not permit the complete elimination of dealers' inventories
of used cars. Used cars in dealers'
stocks are included to the extent that
they are registered, but the overestimate on this account is probably small
because dealers' total used car stocks
are typically about 3 percent of the
total stock of cars. Thus, in the
measures presented here, a new car
once marketed remains in the stock
until it is scrapped or otherwise withdrawn from registration.
To derive the yearend estimates of
unit stocks, survival rates are applied

to previous purchases of new cars
(both domestically produced and imports) for use in the United States, and
the numbers of surviving cars of each
year's vintage are summed.
The number of new car purchases
used in this article is based on information developed for the measurement of
the auto component of the gross national product.1
The year-to-year
1. The unit purchases and, as noted below, their prices in
current and constant dollars are completely consistent with
the newly revised data on the auto gross product shown in
table 16 in the SURVEY OF CURRENT BUSINESS, August 1965.
The estimation of new car purchases is described in the
appendix.

CHART 6

Stocks of Autos
© Growth of auto stocks slower from 1955 to 1964 than in earlier postwar period
©Plateau in net stocks, 1955-1961
Billions of Constant 1958 Dollars (ratio scale)

Millions of Cars (ratio scale)
100

80

UNITS

200

VALUES

60

Value of
Gross Stocks
Value of Net Stocks
Straight-Line Depreciation

100

40

Stock in Units

80

60
20

40

6 Rate,
Value of Net Stocks
Declining-Balance Depreciation

10
20

10

1946

48

50

52

54

56

58

60

62

64

i i i i i i i i i i i i i i i i i i

1946 48

50

52

54

56

58

60

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

62

64
65-10-6

21

22
survival rates of cars of each model
year were derived from R.L. Polk
Company data on reregistrations.2
Trends in unit stocks

At the end of 1964, the auto stock
totaled 66 million cars and was more
than 2% times the stock of 26 million
cars at the end of 1946. The total
number of cars in use has increased
continuously since the end of World
War II as new car purchases have
exceeded scrappage each year.

2. A previous article, "Stocks of Passenger Cars: Postwar
Growth and Distribution" (September 1963 SURVEY), presented an analysis using compilations of passenger car registrations by the Bureau of Public Roads as a measure of the
total stock and, for survival patterns, the R.L. Polk Company's tabulations by model years of cars still in use. The new
estimates of the total unit stock, consistent with data on auto
purchases as shown in the national product accounts,, are
about 7 percent below those shown in the September 1963
SURVEY, but the relative movements throughout the postwar
period are quite similar. Since the new estimates do not
appreciably alter the findings in the earlier article relative to
the unit stock and its age distribution, scrappage, and survival patterns, the major focus of this article will be on the
values of auto stock.

SURVEY OF CURRENT BUSINESS

October 1965

Although the increase in the number
of cars has been uninterrupted, the
rate of growth has tended to decline
over the postwar period. (See table 1
and chart 6.) From the end of 1946
to the end of 1950, the number of cars
rose to 36 million, a growth rate of 8.5
percent per year. Fr'om 1950 through
1955, a banner year for new car sales,
the average yearly rate of gain declined
to about 6 percent. The growth rate
fell to just under 4 percent in the 195560 period, and since 1960, it has fallen
further to a rate somewhat above 3
percent.

amounts and types of extra equipment.
In the value measures, units are
weighted in proportion to their relative
values.
As noted earlier, there are several
alternative methods of valuing the
stock so far as price level is concerned.
First, cars in stock may be valued at
original (historical) prices, a procedure
generally used by business in the
balance sheet reporting of fixed assets.
This method adds together assets priced
in dollars of different purchasing power.
Secondly, valuation may be made in
terms of prices prevailing in a selected
base period to obtain a constant dollar
measure of the stock. Thirdly, the
stock may be valued in current dollars
by adjustment for changes in the price
level of new cars from the year of purchase to the year of stock taking.
All of the above valuation methods can
be presented on a gross or a net basis.
An alternative current dollar measure,
applicable only to net stocks, uses prices
on the secondhand car market to value
the stock.

Value Measures of the Auto
Stock
Unlike the unit measures of the auto
stock, the value measures presented
here do not assume that all cars are the
same. The values are adjusted to
reflect the fact that passenger cars
marketed in different years contain
different mixtures of makes and of
models within makes, and varying

Table 1.—.Number of Cars in Use by Year Originally Sold, 1946-64 (Dec. 31)
[Millions of units]
1946

Total

_

26 0

Net change.Scrappage __ _
New sales
__ _
Year of original sale
1964
1963
1962
1961
1960
1959
1958
1957
1956. _•
1955. 1954
1953
1952
1951___ __
1950_.
1949
1948 _
1947
1946

1 82

1947

1.948

1949

1950

1951

28 4

30 6

33 2

36 1

38 0

23
09
3.2

22
13
35

26
23
49

29
35
64

19
33
52

4 89
3 53
3 17
1 78

6 41
4 87
3 51
3 14
1 72

1952

1953

1954

1955

1956

1957

1958

1960

1959

1961

1962

1963

1964

39 7

42 2

44 6

48 0

49 9

51 8

53 5

55 5

57.8

59.3

61.4

63.4

65.8

17
26
43

25
33
58

24
31
55

34
41
75

19
4o
59

19
41
60

17
30
47

20
4.1
6.1

23
4.4
6.7

1.5
4.4
5.9

2.1
5.0
7.1

2.0
5.8
7.8

2.4
5.7
8.1

5 16
6 37
4 84
3 48
3 10
1 70

4.26
5 14
6 34
4 80
3 45
3 06
1 66

5 80
4.24
5 11
6 28
4 73
3 41
2 97
1 59

5 51
5 78
4.22
5 06
6 20
4 61
3 27
2 74
1 42

7.46
5.48
5 75
4.17
4 97
6 01
4 28
2 92
2 27
1 12

5.94
7.43
5.45
5 69
4.10
4 77
5.63
3 74
2 39
1 72
78

6.66
5 91
7.39
5.40
5 55
3.92
4 38
5 00
3 07
1 87
1 24
54

4.67
5.97
5.88
7.32
5.40
5.48
3.76
4.02
4.40
2 54
1 49
.94
39

6.10
4.64
5.94
5.82
7.17
5.22
5.14
3.35
3.38
3.62
1 97
1.14
.69
28
.04

3.20
1 81

3 55
3 19
1 80

49
3 70
3 36
2.63
1 86
3 13
2 64
1.76
94
53
31

48

47

45

30

22

14

09

06

.04

3 62
3 27
2 48
1 67
2 66
2 06
1 24
60

3 45
3 01
2 20
1 39
2 09
1 48
81

42
3 17
2 69
1 86
1 09
1 52
99
.51

38

3 67
3 33
2 57
1 81
3 02
2 48
1.58
81
45

2 84
2 36
1 54
84
1 11
69
35

2 26
1 82
1 12
58
73
44

1 63
1 30
77
38
47

1 03
81
.46
23

64
.51
.29

42
.34

30

6.64
6.07
4.62
5.88
5.75
6.98
4.93
4.61
2.82
2.71
2.84
1 48
85
.51
21

5.94
6.61
6.04
4.58
5.79
5.60
6.64
4.49
3.96
2.30
2.11
2.19
1 11
.64
.37

7.09
5.90
6.58
5.98
4.46
5.53
5.24
6.04
3.86
3.22
1.80
1.61
1.69
.84
.49

7.72
7.06
5.88
6.51
5.84
4.25
5.08
4.67
5.17
3.16
2.48
1.35
1.21
1.27
.61

8.11
7.68
7.02
5.82
6.39
5.68
3.99
4.59
4.00
4.22
2.46
1.89
1.02
.91
.94

1942-45.

49

1941 .
1940 1939. _
1938
1937 _
1936 1935
1934
1933 _
1932
1931 _

3 74
3 40
2.67
1 88
3 25
2 78
1.88
1 03
.59
34
59

Earlier and not
known. __

1.57

1.98

1 85

1 76

1 56

1 07

83

78

1 03

87

76

75

89

97

87

.92

1.08

1.10

1.15

Mean age _ __ __

8.6

8.5

8.2

75

65

60

59

54

5.3

48

48

4.9

52

5.4

54

5.6

5.5

5.4

5.4

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




SUBVEY OF CUEEENT BUSINESS

October 1965
Table

2.—Gross Values of
Stocks, 1946-64

Automobile

[Billions of dollars]
Original
cost

Year

Constant
(1958)
dollars

Current
dollars

Dec. 31
1946
1947
1948
1949
1950
1951
1952 _
1953..
1954
1955
1956..- - _
1957
1958
1959 . _
1960
1961
1962
1963
1964

„

26.6
31.8
37.8
46 4

59.5
66.3
73.3
81 7

35 8
45.2
54.6
66 7

57.2
65 9
74.0
84.7
94.6
107 8
116.6
125.9
133 3
142.2

91.0
97 7
103.7
112.1
120.3
131 7
138.4
145.5
150 9
157 0

74.8
83 7
92 4
98.8
104.7
114 2
126.2
140.4
150 9
163 1

151.5
157.8
166.9
175.5
185.0

163 5
167.6
174.2
180 4
188.0

167 8
171.8
178.4
183 5
191.0

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

Calculation of stock values

All of the stock value series shown
here are determined by multiplying the
number of cars in each age group
(shown in table 1) by the average unit
values appropriate to the desired stock
concept. There are three basic statistical series that yield all the appropriate
average unit values. Two of them are
applicable to both gross and net stock;
the third is applicable to net stocks only.
The first series is the average unit
cost to the final user of new cars (including installed extra equipment) purchased in the United States. This
series, which is more fully described in
the appendix, has been estimated for
use in the auto product in order to
translate the available data on retail
dealers' unit sales of new autos into
dollar values.
The second basic series, used in the
auto product as a "deflator" of new car
purchases, is an index of retail prices
of new cars. This index is based in
large part on the new car component
of the Bureau of Labor Statistics' Consumer Price Index, which adjusts collected price quotations in an attempt
to maintain a constant mix of cars and
a reasonably constant equipment and
quality content over time. In conjunction with the first series (average unit
values of new cars), this index makes




23

possible the measurement of average
The third basic series, whose derivaunit values in constant dollars. When tion is described in the appendix,
the average unit value of new cars for measures average unit values of cars
each year is divided by the price index of different ages on the used car market.
(1958 = 100) for that year, the result is
a unit value in 1958 dollars. This Gross and Net Stocks of Autos
calculation makes appropriate allowances for changes through time in the
The gross value of the passenger car
mix of brands, models, optional equip- stock assumes that there is no reduction
ment, and accessories. Since the price in the value of cars through time as
index is based on cars of fixed specifica- long as they remain in use. Gross
tions, quality improvements that have stocks at the end of a given period are
increased the average unit values of obtained by valuing each existing car
cars are included in the valuation in at its undepreciated value.
The net stock estimates attempt to
1958 dollars.3 Thus, quality changes
measure the economic value of the
that do not change costs to the user are
services remaining in the stock. This
not reflected in the constant dollar is done by making allowances, priseries.
marily through depreciation procedures,
The price index is also used in de- for wear and tear, which gradually
riving the average unit values required exhaust the services embodied in the
for the measurement of the stock in original purchase, as well as for
obsolescence.
current dollars.
3. A discussion of the techniques and problems in adjusting automobile price indexes for quality changes is presented
in the Monthly Labor Review, May 1961, pp. 522-523. A
critique of the BLS price index and an econometric analysis
of the effects of quality changes on the automobile price index
appeared in Staff Paper 3 of Government Price Statistics
(Hearings before the Subcommittee on Economic Statistics
of the Joint Economic Committee, January 24, 1961).

Alternative depreciation methods

There is no single method of depreciation which can be used to reflect
the decline in the value of cars as they
age. In this article, four methods,
CHART 7

Stock in Units Has Shown Continuous Postwar Gain
Net value of auto stock declined in 1958 and

1961

Millions of Cars

Billions of Constant 1958 Dollars
VALUES

24

Gross Additions
(Value of New Cars Sold)
20

16

12

Depreciation
(Based on 25% Declining-Balance Method)

i I I
1947

49

51

53

55

57

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

59

63

1947

49

51

53

55

57

59

61

63

SURVEY OF CURRENT BUSINESS

24
which probably cover the likely range
of depreciation are used: straight-line
depreciation and three variants of the
declining-balance m e t n o d . The
straignt-line method lowers the value
of a car by a fixed number of dollars
each year during its estimated average
s e r v i c e life. The declining-balance
method applies fixed annual percentages to the balance remaining at the
start of each year. The straight-line
method involves setting aside for depreciation of a given asset equal absolute amounts but increasing percentages
of the value remaining at the beginning
of each year. The declining-balance
method employs a constant rate, which
results in declining absolute amounts of
depreciation.
The net stock estimates in this
article were obtained by depreciating
the average unit values (in both current and constant dollars) over the
lives of cars of each year of original
sale, multiplying these average values
by the number of cars of the corresponding year in the stock, and adding the
products for all years.

CHART 8

Net Stocks of Autos in Current Dollars
The market value of the automobile stock
as measured by used car prices has fluctuated
more than other net stock measures
Billions of Dollars (ratio scale)
150

100

Based on Depreciated Cost
•^ (Straight-line^Method)

80

Based m Depreciated Gost
(Deciifling^Baianee Method, 25% Rate)

10
1946

48

50

52

54

56

58

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




60

October 1965

3.—Net Automobile Stocks in ConAverage unit values depreciated by Table
stant Dollars by Method of Depreciation,
the straight-line method are reduced by
1946-64
10 percent of the new car value in each
[Billions of constant (1958) dollars]
successive yearly estimate, since the
Declining-balance
available data suggest that the average
Straightmethod rate:
Year
line
service lives of different model passenger
method
20%
25%
30%
cars in the postwar era have clustered
around 10 years. The declining-balance Dec. 31
estimates used here apply depreciation 1946
20.9
16.1
12.7
26.5
16.2
28.9
24.3
19.6
rates of 20 percent, 25 percent, and 30 1947
1948
32.2
27.9
23.1
19.6
1949
38.4
33.6
24.8
28.5
percent to the average unit values at
47.7
36.0
31.7
41.5
the beginning of each year. These 1950
33.9
1951
53.0
45.0
38.8
1952
46.1
39.1
33.6
55.9
rates are used because the behavior of 1953
37.0
62.4
50.6
43.0
53.7
67.1
38.9
45.5
prices in the secondhand car market 1954
52.1
1955
75.4
61.0
45.1
53.2
77.9
62.7
1956
45.5
suggests that the depreciation of the 1957
80.2
64.5
54.4
46.4
78.5
51.9
43.4
1958
62.5
car stock is 20 percent to 30 percent. 1959
63.9
52.9
79.6
44.5
In each series, depreciation is halted 1960
46.2
66.0
54.8
81.8
54.4
65.8
45.6
81.6
1961
when a car is about 98 percent depre- 1962
57.2
48.4
84.4
68.8
61.2
52. 2
73.0
88.8
1963
ciated; the remaining value (about $50) 1964
65.4
55.9
94.1
77.7
is charged off when the car is withdrawn
Source: U.S. Department of Commerce, Office of Business
from the stock.4
Economics.
The restrictions on automobile use
during World War II created a special the existing stock in each age class by
valuation problem in the development its average unit value on the used car
of net stock figures using the assump- market at that time, and then summing
tions of depreciated cost. Because of the products.
the restrictions, most cars were driven
at less than normal rates throughout the
Postwar Changes in Stock
war years. To deal with this exceptional situation, it was arbitrarily
At the end of 1964, the gross value of
assumed that during the years 1942 the passenger car stock in constant
through 1945, cars depreciated at only (1958) dollars amounted to $188 billion,
one-half the annual rate used in other more than three times the value in 1946.
years.
It will be recalled that stocks in units
were 2% times larger over the same
Market value of auto stock
period. The gross value of the car
Several alternative measures of net stock in constant dollars grew more
stocks, based on varying assumptions
rapidly than unit stocks because of
regarding depreciation, have been menincreases in the average amount of
tioned thus far. These measures are
equipment and accessories per car and
necessarily approximate. However, in
those quality improvements that added
the case of automobiles, there is an
to the value of cars. The effect of these
extensive market for used cars, for
factors was tempered by a growing prowhich there exists a detailed set of
portion of generally smaller and relapublished used car prices. These
tively lower priced cars in the stock
prices, which indicate how the market
from the midfifties to 1964.
views the loss in value as a result of age
Although the real gross value of the
and obsolescence, provides an alterna- stock rose without interruption during
tive method of measuring net stocks. the postwar period, the rate of growth
It should be noted, however, that while
tended to decline, and the trend genused car prices are affected mainly by
erally paralleled the trend of the stock
the age of cars, they are also sensitive measured in units. (See tables 1 and
to such factors as changes in supply, 2 and chart 6.) However, after 1955
demand, and credit conditions.
the rate of growth in stocks declined
The market value of the stock for a more rapidly when measured by the
given period is obtained by multiplying real gross value than by units, as the
4. A small number of used car dealers, when asked, said
proportion of lower priced imports and,
that they rarely sold a car suitable for highway use for less
starting in 1959, the proportion of
than $50.

October 1965

domestically produced compacts in the
stock rose. This development partly
offset the trend toward larger amounts
of equipment per unit. The rate of
growth of the real gross value of the
stock from 1955 to 1964 has been only
4 percent, in contrast to an average
yearly growth rate of 8 percent from
1950 to 1955 and over 11 percent in
the early postwar years.
The per capita gross value of cars in
the stock in constant (1958) dollars was
$973 at the end of 1964, more than twice
the 1946 figure of $417. Most of the
increase had taken place by 1955, when
the average per capita gross value was
$790. Trends in per capita gross values
were generally similar to trends in the
number of cars per capita.
The gross value of the stock in current
dollars grew considerably faster than
the constant dollar value until 1959
and slightly slower from 1959 to 1964.
The differences in the trends reflect an
increase of more than 70 percent in the
price of new cars in the first period and
a price decline of about 2 percent in
the second period.
Expansion of net auto stocks
The net stock of passenger cars in
constant (1958) dollars totaled $94
billion at the end of 1964 when computed on a straight-line depreciation
basis, assuming an average service life
of 10 years. The computations, based
on the declining-balance method,
yielded estimates of $78 billion at a 20
percent rate per annum, $66 billion at a
25 percent rate, and $56 billion at a
30 percent rate. (See table 3 and chart
6.) These relative positions of the
stock, measured by varying decliningbalance rates, held throughout the
postwar period.
Because of the abnormally low net
value of the stock at the end of World
War II, caused partly by the very
high proportion of older cars in the
stock all constant dollar net stock
values for the whole postwar period
expanded more than the stock in
either units or constant dollar gross
values. It should be borne in mind
that net stock values are significantly
affected by the age composition of the
stock while constant dollar gross stock
and the stock in units are not.




SURVEY OF CURRENT BUSINESS

25

Table 4.—Net Changes in the Value of Automobile
Stocks, Value of New Car Sales and
Depreciation,1 1947-64
Net change in
Year

Net stock depreciation
Gross
stock

1947
1948
1949—
1950
1951
1952
1953
1954
1955 ..
1956...
1957— _. .
1958
1959
I960—
1961
1962
1963—
1964_.

..

..

..

..._.

Value of
new car
sales

Depreciation 1

Straightline

Decliningbalance
25%

6.8
7.0
8.4

2.4
3.3
6.2

3.5
3.5
5.4

8.8
9.8
13.2

6.4
6.5
7.0

5.3
6.3
7.8

9.3
6.7
6.0
8.4
8.2
11.4
6.7
7.1
5.4
6.1

9.3
5.3
2.9
6.5
4.7
8.3
2.5
2.3
—1.7
1.1

7.5
2.8
.3
3.9
2.5
6.6
1.1
1.2
-2.5
1.0

17.2
14.0
11.9
16.2
15.7
21.6
17.2
17.9
13.4
17.3

7.9
8.7
9.0
9.7
11.0
13.3
14.7
15.6
15.1
16.2

9.7
11.2
11.6
12.3
13.2
15.0
16.1
16.7
15.9
16.3

6.5
4.1
6.6
6.2
7.6

2.2
-.2
2.8
4.4
5.3

1.9
-.4
2.8
4.0
4.2

18.4
16.4
20.2
22.5
23.7

16.2
16.6
17.4
18.1
18.4

16.5
16.8
17.4
18.5
19.5

Straightline

Decliningbalance
25%

i Writeoff caused by scrappage on accidents included.
Source: U.S. Department of Commerce, Office of Business Economics.

Real net stocks also grew more un- value based on a declining-balance
evenly than either stocks in units or depreciation of 20 percent, but for other
real gross stocks. (See table 3 and years, these two estimates were not so
chart 6.) From 1950 to 1955, the close. In contrast to the rather smooth
expansion of stocks measured on a net trend of stocks based on depreciated
basis slowed much more than the cost, the generally upward trend of the
growth of stocks measured in units or used car market value of the stock has
on a gross basis, and in the following often been interrupted by plateaus and
6 years, net stock values fluctuated declines. (See table 5 and chart 8.)
without any apparent trend. Net The irregularity in movement has restocks gained more than gross or unit flected, primarily, fluctuations in used
stocks after the 1961 recession as new car prices. Used car prices, moreover,
car purchases rose substantially.
have frequently moved contracyclically.
The value of new car purchases They have usually declined while new
during the 1958 and 1961 recessions
(see table 4) was generally less than Table 5.—Net Automobile Stocks in Current
Dollars, 1946-64
the reductions in the net values of the
[Billions of dollars]
stock due to depreciation and scrapDepreciation cost basis
page, so that net stock values declined
in these 2 years. (See chart 7.) As
Declining-balance
Market
Year
rates
value
Straightnoted earlier, the number of new cars
line
method
sold in these and other postwar years
30%
25%
20%
exceeded the number scrapped.
The differences in trends between Dec. 31
17.4
7.6
9.7
15.9
12.6
1946.
real values and current values caused by
13.4
26.0
11.0
16.6
19.7
1947.
30.4
17.2
14.6
20.8
24.0
1948
..
changes in the price level of new auto20.2
25.5
27.4
23.3
31.3
1949
mobiles have been noted in the discus35.6
26.1
34.1
29.6
39.2
1950
_
41.7
29.1
33.3
45.4
38.6
1951
sion of gross stock trends. As with
43.5
29.9
41.1
34.8
49.8
1952
44.5
32.6
37.9
44.6
55.0
1953
gross stocks, the growth of neb stocks
43.8
33.8
39.6
58.4
46.7
1954.
46.4
39.1
45.2
65.4
52.9
1955
was substantially greater in current
53.6
41.5
48.5
57.2
71.0
1956
53.7
44.8
52.5
77.4
62.2
values than in real values before 1959
1957
55.0
43.4
51.9
62.5
78.5
1958.
54.2
46.2
55.0
66.4
82.7
and somewhat slower thereafter.
1959
__
Net stocks based on used car prices
The market value of the automobile
stock, about $77 billion at the end of
1964, was close to the current dollar

1960
1961. _
1962
1963
1964.

._

83.9
83.6
86.4
90.3
95.6

67.7
67.4
70.5
74.2
78.9

56.2
55.8
58.6
62.2
66.4

47.4
46.7
49.6
53.1
56.8

50.6
55.8
61.3
67.9
'76.8

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

26

SURVEY OF CURRENT BUSINESS
Average Annual Rate of Growth in Stocks of Passenger Cars
[Percent]
Constant (1958) dollars
Stock in
units

1946-64

Current dollars

Net stock
Gross
stock

Net stock

Straight- Declining
line
balance
(25 percent)

Gross
stock

Straightline

Declinins; Market
balance
value
C25 percent)

5.3

6.6

7.3

8.1

9.7

10.5

11.3

8.6

8.5
5.8
3.8
3.3

11.2
7.7
4.4
3.6

15.8
9.6
1.6
3.6

22.0
7.7
1.0
4.5

20.0
8.8
8.0
3.3

25.0
10.8
5.1
3.3

32.0
8.8
4.4
4.3

19.6
5.4
1.8
11.0

Subperiods
1946-50 _ ._ _
1950-55
___
1955-60 ._
1960-64

_

_
__

__.

car sales have risen, because new car measures of auto stocks for the entire
sales ordinarily provide dealers with a postwar period and selected subperiods.
supply of used cars from trade-ins.
In 1958 and 1961, for example, new Ratios of net to gross stocks and mean
age of stock
car sales were abnormally low, and the
value of net stocks, based on depreThe relative trends in the real net
ciated cost, generally fell as deprecia- and gross values of the stock are made
tion exceeded additions to stock. In clearer by examining changes in the
contrast, the market value of the stock ratios of net to gross stocks over time.
rose in both years because used car The ratios reflect the extent to which
prices increased. Divergent move- future services purchased by the original
ments also occurred in 1949 and 1960, expenditures remain intact, assuming
when used car prices and the market that the depreciation is a reliable indivalue of the stock declined while new cation of the value of services consumed
car sales and net stock measured by and the purchase price an adequate
depreciated cost rose.
measure of the services originally
Since 1961, used car prices have risen bought.5
despite large sales of new cars. This
The ratios at the end of 1964 were
price rise has contributed significantly 0.50 for the stocks depreciated on a
to the substantial increases in the mar- straight-line basis, and 0.41, 0.35, and
ket value of the stock.
0.30 for the three variants of decliningThe above table summarizes average balance depreciation (20 percent, 25
annual rates of growth in the various percent, and 30 percent respectively).
! CHART 9 Identical ratios are found whether the
data are examined in constant or in
Ratios of Net to Gross Auto Stocks
current prices since a single series of
price indexes was used to adjust the
Ratio
.70
current stock values to constant dollar
values.
.60
Based on Straight-Line Depreciation
The net to gross ratios were abnormally
low at the end of World War II.
k/
(See chart 9.) The rapid growth in the
.50
ratios in the early postwar years was
the result of the substantial addition of
cars with a high proportion of unde.40
preciated value to the stock. Most
ratios came close to their maximum
.30
values by the end of 1950. From 1950
to 1955, the ratio of the straight-line
depreciated stocks increased further
.20
(from 0.52 to 0.57), while the ratios for
the other stock series first declined and
i
1946

I
48

I

I

I

50

I
52

i

i
54

i

i
56

I

I
58

I

i
60

I

I
62

I




then recovered to 1950 levels. After
1955, all ratios declined until 1961 as
the gross stock increased while the net
stocks did not. This differential movement in the two stock measures came
about because the moderate growth in
the number of cars in stock, while increasing the gross stock, was only sufficient to offset depreciation charges
applicable to net stocks. The ratios
moved upward after 1961 as new car
sales increased appreciably.
The mean age of cars is an alternative
measure pertaining to the age distribution of the stock. At the end of 1964,
the mean age was about 5% years, only
slightly lower than in 1961 and much
higher than the 4.8 years in 1955,
a postwar low. For the postwar period,
the mean age was highest in 1946 —
almost 9 years — and in 1950, the mean
age was more than 6 years. (See chart 10.)
Trends of the stock of late model cars
The proportion of the stock accounted
for by younger cars may also serve as an
indicator of the relative "newness" of
the automobile stock. The proportions
of these late model cars, whether measured as cars less than 2, 3, or 4 years
old, to the total stock declined through
the fifties, except for a short-lived
j

65-10-9

5. See "Expansion of Fixed Business Capital in the United
States," November 1962 SURVEY, pages 17-18, for an expanded
discussion of the analytical uses of these measures.

CHAfxT 1,3

Average (Mean) Age of Cars in Stock
Years

9

4

64

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

October 1965

1946

j

!

48

i

1^ !

! ^ i- A ^ !

50

52

54

I ^ f

1s.t

56

58

! J

60

t ^ I

J^

62

64

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

65-10-10

SUEVEY OF CUEEENT BUSINESS

October 1965

upturn in the midfifties attributable
to the record sales of new cars in 1955.
The low point was reached in 1961.
Since then, the proportion of late
model cars has increased substantially
and has contributed to the moderate
increase noted earlier in the net to
gross ratios and to the slight decline in
average age.
The relative importance of the late
model stocks varies with the stock
concept involved. Cars less than 2
years old usually account for 20 to 25
percent, and cars less than 4 years old
for 40 to 50 percent, of the stock in
units or of gross stocks in constant
dollars. In the case of the net stock
values (derived by a 25 percent declining-balance depreciation), cars less than
2 years old represent more than half of
the stock, and cars less than 4 years old
make up about four-fifths.
Although total stocks have exhibited
fairly smooth trends, stocks of recent
models have fluctuated considerably.
(See table 6.) Since these series are
essentially 2-, 3-, and 4-year moving

totals of sales, the expansions and contractions are largest when only cars less
than 2 years old are included.

Appendix
Number of cars entering the stock
In this article, the number of new car purchases was estimated on the basis of information built up in the national
income and product accounts. Since 1951, sales of new
domestically produced cars have been based on sales of
franchised dealers as regularly reported in trade journals.
Prior to 1951, new passenger car registrations compiled by the
R. L. Polk Company were used, with a small upward
adjustment for the estimated difference between registrations
and dealers' sales as suggested by overlapping data. The
number of imported cars sold was based on registration data
compiled by the R. L. Polk Company.

Number of surviving cars
The year-to-year survival rates of each model year car
were derived mainly from the R. L. Polk Company data on
reregistrations. Because of some inconsistencies in the data,
the following scrappage rates were assumed for cars less than
4 years old: no scrappage for cars less than 1 year old, scrappage of one-half of 1 percent each per year for cars 1 to 2
years old and 2 to 3 years old, and 1 percent for cars 3 to 4
years old. The year-to-year survival rates for older cars
follow the pattern of the R. L. Polk data. As the R. L.
Polk registration data for 1964 are not yet available, the
average survival experience of the previous 4 years was
utilized in the stock estimate for that year.
Average unit values of new cars
The derivation of average unit values of domestically
produced and imported new cars in current dollars used in
this article is the same as the one described in the technical
note of the article "Automobile Output in the Postwar
Period," SUEVEY OF CURRENT BUSINESS, February 1963,
except that actual prices paid rather than list prices are used

27
for 1952, 1953, and 1954. Constant dollar values of domestic
new cars were obtained through deflation of the average unit
value by the new passenger car component of the Consumer
Price Index. Adjustments were made for the 1954-58 period
in order to include prices of preceding model year cars sold
after the introduction of new models. Since 1958, this adjustment has been incorporated into the Consumer Price
Index.
Since the BLS index prices only popular standard-size and
compact cars, the constant dollar estimates in this article are
distorted to the extent that price movements of the selected
models vary from those of all domestic cars.

Real values of imported cars
The average unit values of imported new cars for the 195163 period were deflated by a newly prepared index, since
other deflators currently available either were based only on
Volkswagen prices or did not adequately eliminate price
changes caused by variation in the mix of imported cars.
The newly prepared index is based on the port-of-entry
prices of representative models of the six best selling imported
cars. When the price of a given model was increased, the
increase was acknowledged only if it was not likely to have
been caused by improvements in quality or equipment.
Prior to 1951, when the volume of imported cars was negligible, the price index of imports was assumed to move with
the index of domestic new car prices.

Calculation of used car market value
The market value estimate of the stock utilizes data that
measure year-to-year declines of prices (based on National
Automobile Dealers Used Car Guides) of representative
models of fixed specifications within most makes. About
30 representative models were used to determine the average
used car prices in the 1960's; somewhat fewer models were
used in the earlier years. Prices of cars older than those
covered in the used car guides were estimated on the basis
of the trend at the time of the reports. Year-to-year price
changes of individual models were weighted according to
the share their make had in the new car market. The
resulting weighted average change was applied in the same
way as depreciation rates to the average unit values of cars.

Table 6.—Late Model Stocks in Units and Values and Ratio of Late Model to Total Stocks, 1948-64
[Units in millions; values in billions of constant (1958) dollars]
Late model stock
Less than 2 years old
Units
Gross value
Net value
Straight-line depreciation
Declining-balance depreciation
25%.—
..
Less than 3 years old
Units__
Gross value
Net value
S traight-line depreciation _ _
Declining-balance depreciation
25%

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

6.7
18.5

8.4
22.9

11.3
30.3

11.5
31.2

9.4
25 9

10.0
28.0

11.3
31.8

12.9
37.2

13.4
38 6

11.9
35 0

16.7

20.8

27.5

27.9

23.2

25.5

28.6

33.8

34.6

14.3

17.9

23.7

23.5

19.6

22.0

24.3

29.1

29.1

8.5
23.4

11.6
31.6

14.8
40.0

16.4
44.2

15.7
42.9

15.2
41.9

15.5
43.6

18.7
53.3

20.4

27.3

34.8

37.7

35.9

35.9

37.5

16.7

22.2

28.4

29.9

28.0

28.8

30.1

13.4
36.5

17.9
48.6

19.8
53.8

20.5
55.8

21.4
58.8

30.5

40.3

43.9

44.3

24.0

31.6

33.5

32.7

21.9
25.2

25.3
28.0

31.3
33.3

30.3
31.9

51.9

54.2

57.7

61.9

62.8

27.8
31.9

1958

1959

1960

1961

1962

1963

14.8
42.6

1964

10.6
31 2

10.7
30.7

12.7
35 6

12.6
34 7

13.0
36 5

31.5

27. 9

27.8

32.1

31.2

33.1

38.4

41.5

26 9

23.4

23.9

27.4

26.4

28.4

32.9

35.4

18.8
54 2'

19.3
56 4

16.5
48 2

16.7
48.4

17.3
48 9

18.6
51 9

19.6
54 8

20.7
58 8

22.8
66.1

45.8

46.2

47.6

40.6

41.1

42.1

44.0

46.8

50.6

56.5

37.0

36.8

37 4

31.8

32.6

34.0

34.8

37.4

40.9

45.3

20.6
57.4

22.9
64.9

24.5
70.1

24.7
71 8

23.8
69 4

22.5
65.2

23.2
66.5

23.2
65.0

25.6
71.7

27.2
76.9

28.6
82.2

46.8

46.4

53.4

56.6

57.6

54.4

52.0

53.5

52.6

57.8

62.4

67.0

35.0

35.2

41.3

42.6

43.1

39.6

38.8

40.4

39.7

43.6

47.5

51.2

23.7
25.0

23.7
25.0

25.3
26.4

26. 9
28.2

26.9
27.9

23 0
24.1

19.8
20.7

19.3
19.6

22.0
21.8

21.2
20.7

21.2
21.0

23.3
23.6

24.0
24.5

52.7

41.5

40.9

42.6

44.8

44.4

39.3

35.5

34.9

39.2

38.2

39.2

43.2

44.1

65.8

60.6

50.1

51.2

53.4

55.9

54.7

49.4

45.1

45.2

50.0

48.5

49.7

53.8

54.1

34.9
38.7

41.0
44.0

43.2
45.2

34. 8
36.2

397(T
40.5

37. 7
39.2

37 3
38.8

30.8
31.9

30,1
30.8

29.9
29.9

31.4
31.0

31.9
31.5

32.6
32.6

34.7
35.2

63.4

71. 1

""TJuT

71.2

64.2

57.5

55.9

60,7

59.3

59.4

51.7

51.6

51.5

53.9

55.5

57.0

60.0

72.3

77.9

78.9

77.1

71.6

67.0

66.2

71.0

69.2

68.7

61.3

61.6

62.0

64.0

65.4

66.8

69.3

40.4
44.7

49 6
53.4

52.1
55.1

51 6
53.8

50.7
52.5

46.2
47.7

47.7
49.3

49 1
50.7

47.7
49.3

44.5
46.0

40.5
41.5

40.1
40.7

39.1
38.8

41.7
41.2

42.9
42.6

43.5
43.7

79.4

84.5

82.9

79.2

75.0

69.2

70.8

72.7

71.8

69.3

65.3

65.4

64.5

68.5

70.3

71.2

84.2

87.8

86.3

83.6

81.4

77.4

79.3

80.1

79.2

76.3

73.3

73.7

73.0

76.2

77.6

78.3

Less than 4 years old
Units
Gross value
Net value
Straight-line depreciation _ _ _ _
Declining-balance depreciation
25%

15.8
46 1

Late model stock as percent of total stock
Less than 2 years old
Units
Gross value...
__
Net value
Straight-line depreciation
Declining-balance depreciation
25%
Less than 3 years old
Units.
Gross value
Net value
Straight-line depreciation.
Declining-balance depreciation
25%
Less than 4 years old
Units.,
Gross value. _
Net value
Straight-line depreciation..
Declining-balance depreciation
25%—

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




36.0
39.5
.-41.4- " 37.4

SUEVEY OF CUREENT BUSINESS

28
PCE in the 1958 Input-Output
Study
(Continued from page 20)
eliminated by prorating the National Income Division's
figures for 1947 for each PCE category among the industries
contributing to the given PCE category in accordance with
the reworked 1947 input-ouput allocations. In this way,
the values for each PCE category and for total personal
consumption were made to accord with the official series;
however, statistical difficulties in recasting the 1947 data into
the 1958 framework may still affect the comparison of 1947
and 1958 industrial composition shown in tables 7 arid 8.
A major difference between the two studies was the industry classification scheme. In the 1947 study, the economy
was divided into 192 industries, called the Emergency Model
(EM) coding scheme. These EM industries were defined in
terms of 450 industries for which the basic flows were analyzed, and these in turn were defined in terms of the classifications used in the 1947 Census of Manufactures.
Through the use of the cross-classification between the 1947
and 1958 Standard Industrial Classifications, it was possible
to assign most EM industries to the appropriate 1958 inputoutput (I-O) industry. In some cases, an EM industry
covered two or more I-O industries. The specific products
of these EM industries were identified and assigned to the
proper I-O industry.
"Competitive imports" were treated differently in the
two studies. In the 1947 study, imports that were similar
to domestic products—competitive imports—were transferred to their domestic counterpart industry and were
treated as if sold by the domestic industry. In 1958, only
competitive imports destined for intermediate consumption
were transferred in this way. Imports sold in final markets
in substantially the same form as they were imported were
shown as purchased directly from industry 80 (gross imports). With the detail available from the 1947 analysis,
1947 competitive imports that were of the same type as those
directly allocated in 1958 were identified, taken out of their
domestic counterpart industry, and assigned to I-O industry
80. This was done separately for each PCE category.
Several food items required adjustment for comparability.
In the 1947 study, poultry and meat slaughtered on farms,
whether for sale or for home consumption, were allocated
directly to the personal sector; in the 1958 study, these items
were treated as secondary products of farming and transferred
to industry 14 (food and kindred products). For 1947, it was
necessary to reallocate such purchases by persons to industry
14. In the 1947 study, milk was treated as an allocation
directly from the farm sector to the consumer, with the processing of milk shown as a purchase from retail trade. In the
1958 study, milk processing was an activity of food and kindred products (industry 14). The 1947 purchasers' value of
milk was taken out of the farm sector and allocated to industry 14 in the PCE categories that included it.
In the 1947 study, eating and drinking places were a separate processing sector that purchased food and other goods,
paid wages, and sold meals to consumers. In 1958, eating
and drinking place activity was treated as a trade margin.
To put the 1947 figures on a basis comparable with the 1958,
the 1947 inputs of food to eating and drinking places were
identified; these were then shown as allocations directly to
persons. All other inputs to eating and drinking places were
treated as margins; a pro rata share of the margin was attributed to each food item to arrive at purchasers' value of food
bought through eating and drinking places.
In the 1947 study, food furnished to government and commercial employees and clothing issued to the military were
included in the purchases of the appropriate purchasing industry or of the government, depending on who did the purchasing. To make these items conform to 1958 concepts,
they were included in PCE. The imputed food was classified in two ways. The government share was distributed
in accordance with Federal Government purchases of food
as shown in the records of the 1947 study, though this distribution reflects mainly purchases for the military. No attempt was made to adjust for the possibly different distribution of food furnished State employees. The commercial
share was broken down by the 1947 distribution of "food for
off-premise consumption." For 1947, clothing issued to the
military was distributed in accordance with the 1958
breakdown.
The treatment of scrap, used, and secondhand goods differed in the two studies. In the 1947 study, there were no




net purchases by any final demand sector from the "usedgoods" industry; all transactions involving such goods were
presumed to be within the personal sector. Only the margin
on such sales was measured and shown as a purchase by
persons from the trade industry. As indicated above (see
footnote 7), the treatment of used goods in the 1958 study was
different. This noncomparability, which was of minor statistical importance, was allowed to stand except in the case
of used cars. The 1947 figure for used cars was adjusted to
conform to the concept of the 1958 study.
Travel and entertainment expenditures were not divided
between business and consumers in the 1947 study. All such
purchases were considered to be made by the personal sector.
The 1958 study separated the business and consumer shares
of travel and entertainment, with PCE reflecting only the
personal share of such expenditures. Using detail underlying the 1947 PCE estimates, the 1947 data were adjusted to
make the travel and entertainment expenditure data conform
to the concepts of the 1958 table.
Nonlife insurance was conceptually different in the two
studies, being measured as gross premiums earned in the 1947
study and as premiums earned less benefits paid in the 1958
study. The 1947 data were adjusted to conform to the 1958
concepts.
The adjusted 1947 data were converted to 1958 prices in the
detail shown in table 8 of this article, that is, for each industry
within a P C E category. The deflators used by the National
Income Division were used in this price adjustment, disaggregated where necessary in order that the detailed price
indexes could be assigned to I-O industry classifications.
Because products of the smaller industries often were not
represented in the overall deflator for a PCE category, additional price indexes from the Consumer Price Index and the
Wholesale Price Index of the Bureau of Labor Statistics were
used. Because of the use of these additional series, the
deflated values for some PCE categories may not agree exactly with the official deflated values of the National Income
Division.

Developments in the Auto
Market
(Continued from page 6)

1963, there have been reductions in output of cars in the lower price lines, those
with before-tax prices of $2,000 or less
(with standard equipment) and those in
the $2,000 to $2,200 range. Production
of both price lines combined fell from 28
percent of total auto output in the 1963
model year to 23 percent in 1964 and 20
percent in 1965.
In the first half of 1965, almost threefourths of the new cars sold had V-8
engines, as compared with about onehalf in 1961; 23 percent of new cars
sold had factory-installed air-condi ioning (8 percent were so equipped in 1961).
About 60 percent had power steering
(less than 40 percent in 1961), and 80
percent had automatic transmission, a
feature that had already become popular by 1961, when 73 percent of new
cars were so equipped.
Shifts in the auto market

As can be seen in chart 4, the outstanding change in the auto market in
recent years has been the growing
proportion of "intermediates" and

October 1965

"sport-type" compacts at the expense
of other compacts and standard-size
cars. The market penetration of imports improved slightly in 1965, continuing the fractional gains enjoyed
since the recent low in 1962.
Although standard-size cars still account for a major share of the market,
they have slipped from 68 percent in
the 1960 model year—the year the
compacts were introduced—to 53 percent in the model year just ended.
Compacts as a group, after rising from
24 percent in 1960 to 34 percent in
1962, fell back to 22 percent in the
1965 model year. This decline might
well have been larger had there not
been a growing demand for sport-type
compacts. These cars, which accounted
for 9 percent of the 1965 market as
compared with 2 percent in 1961, have
sports-car exteriors and bucket seats
and are generally available with
four-speed transmissions and highperformance engines. Each of the four
American auto manufacturers now produces a sports compact, and at least one
manufacturer has scheduled the introduction of still another sports compact
next spring. In the 1965 model year,
one of these cars—the Mustang—
ranked third in sales, coming behind
two standard-size cars.
The intermediates—cars that are
between compacts and standards in
wheel base and overall length—have
increased their share of the market
from 5 percent in 1962, their first year
of production, to 19 percent in 1965.
In this period, the number of intermediate brands offered to the public
has proliferated, with the introduction
of new brands and the lengthening of
formerly compact-size models. For the
1966 model year, the Ford Motor Co.
has lengthened one of its compacts to
intermediate size.
Imported cars accounted for almost
6 percent of the total U.S. car market
in 1965. Over two-thirds of total car
imports were Volkswagens, which outsold several established domestic makes.
All other foreign cars combined now
account for a smaller share of the
market than they did in 1957, before
the 1958-60 boom in imported car
sales.
U.S. GOVERNMENT PRINTING OFFICE: 1965 O - 788-423

CURRENT BUSINESS STATISTICS

A HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1962 J 1963 | 1964

1962

III

Annual total

Data from private sources are provided

1963

IV

I

1964

II | III

IV

I

II

1965

| III

IV

I

II

| lllp

Seasonally adjusted quarterly totals at annual rates ,

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
560.3

589.2

628.7

564.4

572. 0

577.0

583.1

593. 1

603.6

614.0

624.2

634.8

641.1

656.4

665.9

676.9

355.1

373. 8

398.9

357.2

363.0

368.0

371.1

376.6

379.5

389.1

396.0

404.6

405.9

416. 9

424.4

432.2

49.5
22.0
20.5
162.6
29.6
85.7
12.9
143.0
22.0
52.0
11.0
83.0
77.0
51.7
19.2
32.5
25.3
24.8
6.0
5.3
5.1
30.3
25.1
117.1
63.4
51.6
53.7

53.4
24.3
21.9
168.0
30.5
88.2
13.5
152.3
23.1
55.5
11.4
86.9
81.2
54.3
19.7
34.6
26.9
26.3
5.7
4.9
5.9
32.4
26.4
122.6
64.4
50.8
58.3

58.7
50.1
25.8
22.3
24.7
20. 7
177.5
163.2
33.3
29.7
92.3
86.2
14.0
12.9
162.6
144.0
24.4 ' 22.2
59.5
52.6
11.7
11.0
92.9
84.3
88.1
79.2
60.5
53.1
21.1
19.7
39.4
33.5
27.5
26.0
27.0
25.4
4.8
5.2
5.4
4.3
8.6
5.4
37.0
3d 6
28.5
25. 2
128.4
117.4
65.3
63.3
49.9
51.3
63.1
54.1

51.1
23.0
21.0
165.3
30.2
86.7
13.4
146.7
22.4
53.6
11.2
84.7
78.3
52.7
19.5
33.2
25.6
25.0
6.4
5.3
4.9
30.5
25.5
119.3
64.4
50.9
55,0

52.2
52.6
23.6
23.9
21.4
21.4
167. 4
166.6
30.3
30.2
87.5
88.1
13.3
13. 4
149. 2
151. 1
22.8
22.8
54.5
55.3
11.3 , 11.4
82.6
84.8
78.1
80.1
52.1
53.4
19.0
19.2
33.1
34.2
26.0
26.7
25.4
26.1
4.5
4.7
4.2
3.8
4.5
6.2
30.0
32.4
25.6
26.2
121. 9
120.9
65.4
63.6
51.5
50.5
56.5
57.4

54.1
24.6
22.1
169.2
31.1
88.5
13.5
153. 3
23.5
55.7
11.4
87.9
82.1
55.1
20.0
35.1
26.9
26.4
5.8
5.2
5.7
32.6
26.9
123.0
64.2
51.0
58.8

54.9
24.9
22.7
168.9
30.6
88.7
13.7
155.7
23.3
56.5
11.5
92.4
84.3
56.5
20.5
36.0
27.9
27.3
8.1
6.9
7.3
34.4
27.1
124.3
64.4
50.3
59.9

57.4
25.5
23.9
173. 7
32.3
90.6
14. 0
158.0
23.6
57.5
11.7
89.7
86.5
,58.1
20.7
37.5
28.4
27.8
3.3
3.6
8.8
36.3
27.5
126.3
65.0
49.8
61.3

59.1
25.7
25.1
175.7
33.2
91.3
13.9
161.2
24.4
58.8
11.7
90,9
86.8
58.9
21.1
37.9
27.9
27.3
4.1
5.1
7.7
36.0
28.2
129.7
67.0
51.7
62.7

60.5
27.1
25.0
179.8
33.8
93.3
14.0
164.3
24.8
60.1
11.8
92.6
88.8
61.6
21.1
40.5
27.2
26.6
3.8
4.6
8.8
37.3
28.5
128.7
64.9
49.5
63.8

57.9
24.8
24.8
180.9
34.0
94.1
14.2
167.1
24.8
61.4
11.9
97.^
90.2
63.5
21.5
42.0
26.7
26.2
7.5
7.8
8.9
38.4
29.5
128.6
64.3
48.8
64.3

63.9
29.7
25.3
183.0
34.3
94.9
14.2
170. 0
24.9
62.7
12.0
102.4
93.7
66.0
21.8
44.2
; 27.7
27.1
8.7
9.3
6.2
34.8
28.6
130.9
64.9
48.9
66.0

554.3
278.5
106.2
172.2
213.3
62.6
6.0
2.8
3.2

583.5
291.1
113.1
178.1
226.9
65.5
5.7
2.8
2.9

623.9
311.3
122.8
188.4
244.0
68.6
4.8
3.3
1.5

565.6
283.8
108.1
175.6
218. 5
63.4
6.4
1.7
4.7

572. 5
287.2
109.8
177.4
222.1
63.2
4.5
2.0
2.5

587.3
292.9
114.3
178.6
228.2
66.2
5.8
2.3
3.5

595.5
295.3
116.2
179.1
232. 1
68. 0
8.1
3.8
4.3

610.7
304.9
120.1
184.9
237.3
68.5
3.3
2.2
1.1

620.1
308.3
121.6
186.8
242.8
69.0
4.1
3.5
.6

631. 0
316.0
125.4
190.6
246.4
68.6
3.8
2.7
1.1

633.6
315.8
124.3
191.5
249.7
68.1
7.5
4.4
3.1

647.6
323. 8
130.9
192.9
254.2
69.6
8.7
7.1
1.6

530.0

550.0

577.6

533.6

538.5

541.2

544.9

553. 7

560. 0

567.1

575.9

582.6

584.7

597. 5

601.4

338.6

352.4

372.1

340.3

344.8

348.3

350.0

355.1

356.4

364. 5

369.8

377.3

376.8

385. 9

390.2

49.2
158.4
131.1

53.2
161.8
137.3

58.5
169.4
144.2

49.7
158.9
131.8

50.8
160.2
133.8

52.0
161.0
135.3

52.3
161.2
136.5

54.1
163.0
138.0

54. 7
162. 1
139.6

57.0
166.4
141.1

58.7
167.8
143.3

60.2
171'. 6
145.5

57.9
171.8
147.1

63.7
173.4
148.8

63.5
176.2
150.5

Gross private domestic Investment, total.~-.do
Fixed investment
do
Nonresidential. _ _ _
do
Residential structures.. _
do
Change in business inventories
do
Net exports of goods and services.. ..._.__. .do

79.4
73.4
49.7
23.8
6.0
4.5

82.3
76.6
51.9
24.7
5.7
5.6

86.3
81.7
57.1
24.6
4.6
8.5

80.6
75.3
51.1
24.2
5.3
4.9

80.7
74.5
50.7
23.8
6.2
4.4

78.7
74.2
50.0
24.2
4.4
4.0

80.5
75.8
51.2
24.6
4.6
5.8

83.0
77.2
52.6
24.6
5.8
5.5

86.9
79.0
53.7
25.3
7.9
7.1

83.8
80.7
55.1
25.7
3.0
9.0

85.2
80.7
55.7
25.0
4.5
8.1

86.0
82.2
58.1
24.1
3.8
8.7

90.2
83.1
59.6
23.6
7.1
8.3

94.7
86.2
61.9
24.3
8.6
6.0

93.0
86.5
62.0
24.5
6.5
6.7

Govt. purchases of goods and services, total do
Federal .
do
State and local
do

107.5
60.0
47.5

109.8
59.7
50.0

110.7
57.8
52.8

107.8
60.2
47. 6

108.5
60.6
48.0

110.3
61.3
49.1

108. 7
59. 2
49.5

110.0
59.7
50.3

109.6
58.7
50.8

109.9
58.2
51.7

112.8
59.9
52.9

110.5
57.1
53.4

109.4
56.1
53.3

110.9
56.4
54.5

111.5
56.8
54.7

Gross national product, totalf

bil. $

Personal consumption expenditures, total,.. do... _
Durable goods total ©
do
Automobiles and parts
-- do.
Furniture and household equipment.- -do
Nondurable goods, total ©._
do
Clothing and shoes
_
do
Food and beverages
do
Gasoline and oil _- __:
do
Services, total ©
do
Household operation
_
do
Housing
____
do_
Transportation
do
Gross private domestic investment, total. _ .do
Fixed investment.. _ _ _
_
__ ___do_ _
Nonresidential
do
Structures.
. _
_
do
Producers' durable e quipment
_. do
Residential structures
do
Nonfarm _ _ _ _
_ _
do
Change in business inventories— _._.... .do
Nonfarm
_
do
Net exports of goods and services
do. _
x
Exports
do
Imports
-.
_
do
Govt. purchases of goods and services, totaL.do
Federal..
_ _
_
do
National defense
do
State and local .
... ... __ do. _
By major type of productif
Final sales, total
__
_
do
Goods, total
__ __
_
do.
Durable goods
_ _ ... __ do. .
Nondurable goods
do
Services
...
_.
do
Structures _ _ _ _ _
_
do
Inventory change, total _,
- .
do
Durable goods.
„_ do
Nondurable goods
__ __'
do

559.2
281.1
107.9
173.2
214. 6
63.6
5.2
2.9
2.3

578.4
289.2
112.0
177. 2
225. 1
64.1
4.7
3.4
1.4

65.4
63.7
28.9
29.9
26.3
25.6
191.0
187.6
36.0
35.0
99.0
97.2
14.8
14.7
175.9
173.1
25.3
25.8
64.0
65.3
12.2
12.1
101. 1
101,8
94.4
9'5. 7
66.4
68.1
22.7
23.2
43.7
44. 9
28.0
27.6
27.5
27.0
6.7
6.1
7.1
6.0
7.5 . 7.8
39.8
40.3
32.3
32.5
132.9
135.1
65.9
67.3
49.4
50.8
67.0
67.8

659.2
330.5
132.3
198.2
257. 8
70.9
6.7
6.2
.5

GNP in constant (1958) dollars
Gross national product, totalf— — — ...

-bil. $..

Personal consumption expenditures, totaL.do
Durable goods... .„—.....
Nondurable goods
Services..

do
do.
do

r
Revised. *> Preliminary. fRevised series. Esti mates of national income and pro duct
and personal income have been revised back to 192£) (descrii)tive ma fcerial an
3 earlier data
appear on p. 6 fF. and p. 24flf., respectively, of the Aug. 1965 SiJRVEY); ]revisions prior to Tune

788-423 O - 65 - 3




1964 fc r person al incom 3 appear on pp. 5'1-56 of th e Aug. 1965 SUR-V EY.
shown separateiiy.

609.1

©I Licludes clata not

S-1

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1962

1964

1963

Annual total

1962
IV

October 1965

1963
I

II

1964
III

IV

I

II

1965
III

IV

I

II

ID>

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income total f
bil $

457. 7

481.1

514.4

465.6

470.4

476.7

484.6

492.6

501.6

510.5

519.5

526.3

541.4

550.3

323. 6

341.0

365.3

328.8

333.6

338.0

343.0

349.5

355.1

361.9

369.0

375.4

383.1

388.7

395.2

296. 1
Wages and salaries, total
do
240. 1
Private
_do __
10.8
Military
do
45.2
Government civilian ... __
_ do
27.5
Supplements to wages and salaries _
do
50.1
Proprietors' income, total 9
do
37.1
Business and professional 9
__do
Farm
_ _ _ _ _ _ _ _
_
do
13.0
16.7
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. $__ 55.7

311.2
251.6
10.8
48.8
29.8
50.8
37.8
13.0
17.6

333.5
269. 2
11.7
52.6
31.8
51.1
39.1
12.0
18.2

300.6
243.5
10.3
46.8
28.2
49.8
37.3
12.6
17.2

304.5
246. 3
10.5
47.7
29.0
50.7
37.5
13.2
17.1

308,4
249.4
10.6
48.4
29.6
50.5
37.6
12.9
17.4

312.9
253.2
10.7
49.1
30.1
50.9
37.9
13.0
17.7

318.8
257.4
11.6
49.9
30.7
51.0
38.0
13.0
18.0

324.2
261.6
11.6
51.0
30.8
50. 4
38.5
11.9
17.9

330.4
266. 9
11.6
51.9
31.5
51.0
39.0
12.0
18.1

336.8
271.7
11.7
53.3
32.2
51.4
39.4
12.0
18.3

342.6
276.5
11.9
54.3
32.7
51.8
39.6
12.2
18.5

349.8
282.9
11.8
55.0
33.4
51.9
39.9
12.0
18.5

355.0
287.3
11.8
55.9
33.8
54.6
40.1
14.5
18.6

360.9
291.9
12.3
56.7
34.2
54.6
40.4
14.2
18.6

Compensation of employees, total

do

Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits..
Inventory valuation adjustment _
Net interest

-

58.1

64.5

57.4

56.3

57.6

59.1

59.6

63.6

64.5

65.5

64.9

71.7

72.0

do
do
_do
do
do
do

55. 4
24.2
31.2
15.2
16.0
.3

58.6
26.0
32.6
15.8
16.8
-.4

64.8
27.6
37.2
17.2
19.9
-.3

56.5
24.7
31.8
15.6
16.3
.9

56.1
24.9
31.2
15.6
15.6
.2

58.5
26.0
32.6
15.7
16.8
-.9

58.9
26.1
32.8
15.8
17.0
.2

60.8
27.0
33.8
16.1
17.7
-1.2

64.0
27.3
36,7
16.7
20.0
-.4

64.5
27.5
37.0
17.1
19..9
.0

65.3
27.8
37.5
17.4
20.1
.2

65.9
28.1
37.8
17.7
20.0
-1.0

73.1
29.1
44.0
17.8
26.2
-1.4

73.7
29.4
44.4
18.2
26.1
-1.7

-1.2

do

11.6

13.6

15.2

12.4

12.7

13.2

13.9

14.5

14.5

15.0

15. 4

15.7

16.1

16.4

16.7

442.6
57.4
385.3
363.7
21.6

464.8
60.9
403.8
383.4
20.4

495.0
59.2
435.8
409.5
26.3

450.3
59.5
390.8
371.9
18.9

456.1
60.4
395.7
377.1
18.5

460.1
60.6
399.4
380.5
18.9

467.1
61.0
406.1
386.3
19.8

475.6
61.6
414.0
389.5
24.4

483.0
60.4
422.6
399.3
23.3

490.6
56.9
433.6
406.3
27.3

499.1
58.8
440.3
415.3
25.0

507.1
60.7
446.4
416.9
29.5

516.6
64.8
451.9
428.1
23.8

524.9
66.0
458.9
436.0
23.0

535.9
64.6
471.3
444.1
27.2

37.31

39.22

44.90

10.18

8.25

9.74

10.14

11.09

9.40

11.11

11.54

12.84

10.79

12.81

4.13
2.03
2.10

3.27
1.62
1.65

3.92
1.96
1.95

3.95
1.96
1.99

4.56
2.31
2.25

3.79
1.93
1.87

4.53
2.30
2.23

4.67
2.37
2.30

5.59
2.83
2.76

4.54
2.25
2.28

5.47
2.76
2.70

5.48
2.71
2.77

6.40
3.24
3.17

.27
.20
.50
1.52
.95
2.60

.24
.21
.39
1.04
.85
2.26

.26
.28
.54
1.40
.95
2.41

.27
.29
.45
1.60
.93
2.64

.28
.33
.54
1.61
1.06
2.72

.26
.32
.51
1.18
.97
2.37

.29
.36
.63
1.58
1.10
2.61

.30
.37
.59
1.71
1.06
2.84

.33
.35
.64
1.76
1.17
3.01

.29
.39
.58
1.32
1.08
2.59

.33
.44
.77
1.71
1.24
2.85

.33
.40
.70
1.82

.35
.39
.73

1.84

34.30

34.58

37.95

36.95

38.05

40.00

41.20

42. 55

43.50

45.65

47.75

49.00

50.35

do

15.00
7.30
7.70

14.85
7.35
7.50

15.30
7.65
7.65

15.95
8.00
8.00

16.45
8.30
8.15

17.40
8.85
8.55

17.80
9.00
8.80

18.85
9.60
9.20

20.15
10. 15
10.00

20. 75
10.40
10.40

21.55
10.80
10.70

do
do
do
do
do
do

1.00
.80
1.90
5.45
3.60
10.20

1.05
.90
1.70
5.20
3.55
9.65

1.00
1.00
2.05
5.45
3.65
9.65

1.05
1.20
1.85
5.90
3.85
10.20

1.05
1.35
2.16
5.80
4.05
10.45

1.15
1.40
2.30
5.95
4.05
10.25

1.15
1.25
2.25
6.30
4.30
10.45

1.20
1.50
2.40
6.30
4.40
11.00

1.30
1.55
2.60
6.35
4.40
11.40

1.25
1.75
2.55
6.80
4.55
11.30

1.30
1.55
2.70
6.85
4.80
11.60

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total.
__ _ bil $
Less: Personal tax and nontax payments
do
Equals: Disposable personal Income
do
Less: Personal outlays©—.
_
do
Equals: Personal saving §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
_ bil $
do
do
do

14.68
7.03
7.65

15.69
7.85
7.84

18.58
9.43
9.16

Mining
Railroads
Transportation, other than rail
Public utilities
,

do
do
do
do

Commercial and other

do

1.08
.85
2.07
5.48
3.63
9.52

1.04
1.10
1.92
5.65
3.79
10.03

1.19
1.41
2.38
6.22
4.30
10.83

Manufacturing
Durable goods Industries
Nondurable goods industries

_

Seas. adj. qtrly. totals at annual rates:
All industries
Durable goods Industries
Mining
Railroads
Transportation, other than rail
Public utilities
Communications
__
Commercial and other

do

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd**
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded
.mil. $._ 33, 585
Imports :
Merchandise
Military expenditures
Other services—

.

Remittances and pensions
Govt. grants and capital outflows
U.S. private capital (net)
Direct investments
Long-term portfolio
Short-term
...
U.S. receipts, recorded
Exports:
Merchandise
Services and military sales

_

36,280

40, 018

8,610

8,803

9,595

8,619

9,263

9,380

9,691

9,997

10, 950

9,882

9,758

do
do
do

16, 173
3,078
5,878

16, 992
2,929
6,515

18,619
2,824
7,014

4,053
801
1,528

4,058
755
1,576

4,219
738
1,594

4,343
721
1,653

4,372
715
1,692

4,410
732
1,736

4,599
720
1,742

4,709
691
1,736

4,901
681
1,800

4,663
662
1,827

5,469
693
1,916

do
do

738
4,293

837
4,551

839
4,260

192
1,079

216
1,104

212
1,294

201
1,019

208
1,134

209
966

203
1,083

207
1,085

220
1,126

224
973

288
1,128

do
do
do
do

3,425
1,654
1,227
544

4,456
1,976
1,695
785

6,462
2,376
1,975
2,111

957
514
314
129

1,094
626
562
-94

1,538
466
586
486

682
266
319
97

1,142
618
228
296

1,327
464
274
589

1,344
540
256
548

1,569
551
612
406

2,222
821
833
568

1,533
1,159
688
-314

264
882
-115
-503

do

32, 579

34, Oil

38,381

8,371

7,764

8,563

8,677

9,007

9, 411

9,261

9,695

10, 014

9,191

10, 173

do
do

20,604
9, (574

22, 069
10, 284

25,288
11, 729

5,037
2,581

4,993
2,510

5,494
2,615

5,622
2,516

5,960
2,643

6,149
2,935

6,067
2,924

6,382
2,953

6,690
2,917

5,586
3,084

6, 762
3,322

1, 280
1,021

970
688

697
667

287
466

183
78

194
260

404
135

189
215

213
114

193
77

190
170

101
306

174
347

190
-101

Repayments on U.S. Govt. loans
do_._
Foreign capital other than liquid funds (net).do

1 13.02 2 14. 30

2

52. 95

23.00
22.00
11.60
10.90
11.05 , 11.40
1.35
1.65
3.00
6.65

1.30
1.55
2.90
6.55
3 16.90

3

17. 25

Excess of recorded receipts or payments (-)
do.... -1,006 -2,269 -1,637 -239 -1,039 -1,032
58
-256
31
-430
-302
-936
-691
415
Unrecorded transactions (net)
..do
-268
103
-76
-288
-152
-1,197
-401 -1,161 -472
-160
-291
-166
-430
-10
Total, net receipts or payments (— )
do
-210
-153
-257
-582
-2, 203 -2,670 -2,798
-711 -1,199 -1,108
-593 -1,366
249
-701
Net receipts or payments (— ), incl. transactions in"
nonmarketable, medium-term convertible Govt.
securities
mil $
-35
-128
-257
-460
-1,967 -2,423
-849
-955
249
-390 -1,316
-650
T
Revised.
f Preliminary.
tSee correspo tiding note on p. £5-1 (revis ions for c trs. prio r to 4th (itr. 1962 a ppear on p. 24 ff,
1
Estimates
for
July-Sept.
1965
based
on
anticipated
capital
expendit
ures of b usiness.
of the 1August 11)65 SURV EY).
9 Include>s invent Dry valuaition adjiistment.
2
Estimates for Oct.-Dec. 1965 based on anticipated capi tal expe nditures of busi ness.
©Pe rsonal ou tlays conaprise pe rsonal co:asumpticmexpenciitures,iiiterest pa id by consumers,
Anticipated expenditures for the year 1965 are as follows (iii bil. $):All ind astries, 50.92;
and pe rsonal tr ansfer p ayments to foreig ners.
manufacturing, total, 21.88; durable goods industries, 10 96- nondunible goocIs indus iries,
§Per sonal saving is ex(>ess of dis posable i ncome o yer perso nal outlays.
10 92- mining, 1.31; railroads, 1.62; transportation, 2.79; publicutilities 6.69; coinmercial and
cfM ore com]olete de tails are given in the qua rterly re views iri the Mar., June, Sept.,
other (mcl. communications), 16.63.
3 includes communica tions.
and D ec. issues of the S URVEY.
JReirtsed dat a for 196()-61 appe ar on p. 10 of the June 196 4 SURVE1ST.




SURVEY OF CUEEENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

1964

Monthly
average

S-3

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Augj Sept.*

GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual ratesif
Total personal income- -

-- _bil. $

1464.

1495.

499.5

501.7

502.8

506.6

512.0

2 SIS. 4
515.8

515.7

518.4

520.7

525. 3

528.8

530.5 ' 532. 0

3 534. 7
545.3

362.9

Wage and salary disbursements, total,— do..

311.2

333.5

337.

338.7

339.4

342.6

346.2

347.2

349.8

352.2

352.7

355.2

356.9

359.2 '360.7

Commodity-producing industries, total-do —
Manufacturing
do
Distributive industries
do..

125.
100.6
76.

133.9
107.2
81.

135.2
108.3
82.0

136.2
109.6
81.9

135.2
107.9
82.6

137.4
110.1
83.3

139.8
111. 9
83.8

140.3
112.6
84.0

141.4
113.6
84.9

142.6
114.6
85.8

142.3
114.4
85.8

143.3
115.0
86.5

144.2
115.7
86.7

145.1 '145.8
146.0
116.7 '117.3
117.6
87.2
' 87. 5 87.7

do

49.9
59.6
14.8

54.1
64.3
16.5

54.6
65.2
16.7

55.1
65.6
16.8

55.6
66.1
17.0

55.8
66.1
17

56.2
66.4
17 1

56.4
66.6
17.2

56.7
66.8
17.3

56.9
67.0
17.4

57.2
67.4
17.4

57.7
67. 7
17. 5

57.9
68.0
17.6

58.5
68.3
17.7

58.8
'68.7
17.7

, 59.1
70.1
17.7

do

37.8
13.0

39.1
12.0

39.3
12.0

39.4
12.1

39.4
12.0

39.6
12.2

39.9
12.4

39.8
12.4

39.9
12.0

40.1
11.7

40.0
12.9

40.1
14. 7

40.1
15.9

40.3
14.6

40.4
'14.0

40.5
14.0

17.6
15.8
.31.1
35.2

18.2
17.2
34.3
36.6

18.3
17.3
34.8
36.4

18.4
17.4
35.0
36.4

18.4
17.5
35.1
36.6

18.5
17.7
35.2
36.5

18.5
18.1
35.5
37.0

18.5
17.8
35.7
2
40.1

18.5
17.8
36.0
37.4

18.5
17.8
36.2
37.6

18.6
18.0
36. 5
37.8

18.6
18.1
36.7
37.4

18.6
18.6
37.0
37.2

18. 6
18.5
37.2
37.6

18.6
'18.6
'37.5
'37.7

18.6
18.8
37.8
3
48. 4

12.8

Other labor income
Proprietors' income:
Farm
Rental income of persons
Dividends
.
Personal interest income

_do__.
do
do—

Less personal contributions for social insurance
Total nonagricultural income

do

11.8

12.4

12.5

12.6

12.6

12.7

13.0

13.0

13.1

13.1

13.1

13.2

13.3

13.4

13.4

447.4

478.7

483.1

485.5

486.5

490.4

495.3 r2499. 1

499.5

502.7

503.4

506.1

508.5

511.4

513.6

3527.0

3,245

3, 256

3,438

4,084

5,134

4,168

3,529

3,284

2,429

2,702

2,549

2,574

2,922

3,152

3,864

3,104
1,444
1,660
404
953
276

3,075
1,428
1,647
417
924
278

2,947
1,305
1,642
398
929
295

3,644
1,871
1,773
397
1,052
308

4,725
2,760
1,965
418
1,205
326

4,063
2, 315
1,748
407
1,025
305

3,479
1, 859
1,620
428
888
282

3,198
1,578
1,620
430
905
251

2,292
822
1,470
399
809
227

2,452
743
1,709
443
971
260

2,466
804
1,662
438
916
267

2,546
823
1,723
454
972
261

2,896
1,106
1,790
438
1,050
278

3,046
1,297
1,749
413
1,029
291

3,224
1,336
1,888
405
1,146
318

116
126
108

114
124
107

110
114
107

136
163
115

176
241
128

151
202
113

129
162
105

119
138
105

85
72
95

91
65
111

92
70
108

95
72
112

108
96
116

113
113
114

120
116
123

116
119
114

118
119
117

117
118
116

139
161
123

180
234
140

157
199
126

135
161
116

124
140
113

84
63
101

88
48
118

86
48
114

87
51
114

105
91
115

114
117
111

118
116
119

FARM INCOME AND MARKETINGS!
Cash receipts from farming, including Government
payments (48 States), 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
doIndexes of cash receipts from marketings and CCC
loans, unadjusted:!
All commodities
1957-59=100.
Livestock and products
do—
Indexes of volume of farm marketings, unadjusted:!
All commodities
1957-59=100.
Crops
_
do—
Livestock and products
do___
INDUSTRIAL PRODUCTIONS
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) cf__ 1957-59=100..
By industry groupings:
Manufacturing, total
do
Durable manufactures.
do
Nondurable manufactures
do
Mining
do
Utilities
doBy market groupings:
Final products, total
_
Consumer goods
Automotive and home goods
Apparel and staples..
Equipment, including defense.
Materials
;
Durable goods materials.
Nondurable materials

__

Seas, adj., total index (incl. utilities) d"
By industry groupings:
Manufacturing, total

124.3

132.3

133.2

136.8

135.3

136.2

135.5

136.7

139.1

141.7

141.6

142.6

124.9
124.5
125.3
107.9
140.0

133.1
133.5
132.6
111.3
151.3

133.3
130.0
137.5
113. 2

137.6
136.9
138.5
113. 6

136.3
132.6
141.0
114. 5

137.7
139.0
136.0
113.4

136.4
140.7
131.1
112.1

137. 7
140.7
133.8
110.8

140.5
143.5
136.8
111.1

143.5
147.1
139.0
111.1

143.4
147.5
138.2
113.0

147. 2
144.6
149.0
151.7
139.0 ' 141. 5
114.4 '115.9

do
do
do
do
do

124.9
125.2
134.4
122.3
124. 2

131.8
,131. 7
' 142. 8
128.1
132.0

131. 7
132.0
118.0
136.4
131.0

136.6
137.7
144.6
135.5
134.1

135.1
136.4
136.5
136.4
132.4

135.5
135. 4
153.1
129.8
135.7

135.1
133.3
156.7
125.8
139.1

136.7
136.0
156.8
129.4
138.3

138.3
137.7
161.5
130.1
139.8

140.9
140.5
167.8
131. 8
141.6

138.5
136.9
162.6
128.7
142.0

139.8
137.8
163.6
129.6
144.2

' 145. 9

149.2

do
do
do

123.7
121.2
126.3

132. 8
131.2
134.3

134.6
133.0
136.3

137. 0
136.3
137.6

135.5
131.8
139.3

136.8
135.8
137.9

135.9
135.2
136.6

136.7
135.7
137.8

139.8
138.7
140.9

142.5
142.9
142.0

144. 3\
144.4
144.3

145.0 ' 147. 0 ' 140. 3 ' 144. 9
149.5 ' 142. 9 '143.8
146.9
143.1 ' 144. 5 ' 137. 6 146.0

145.2
145
146

145. 2 '•139. 4 ' 143. 1

145.1

140. 3
144. 9
134. 7
112. 0

' 143. 7
'142.9
'144.8
'118,2

146.5
146.9
145.9
115.2

143. 2 ' 138. 3
141.6 '135.3
165.8 ' 147. 1
133.9
131.5
146.8 ' 144. 9

'141.1
' 138. 9
'129.9

144.7
142.6
146

'
'
'
'

do

124.3

132.3

134.0

134. 0

131.6

135.4

138.1

138.6

139.2

140.7

140.9

141.6

142.7

do

124.9

133.1

134. 9

134.8

132.0

136.4

139.4

140.2

140.8

142.3

142. 4

143.1

144.1

Durable manufactures 9
do
Primary metals
do
Iron and steel.i
do
Nonferrous metals and products. do
Fabricated metal products
do
Structural metal parts
do

124.5
113.3
109.6
126. 7
123.4
120.2

133.5
129.1
126.5
138.3
132.7
130.3

136.2
134.4
133.8
134.4
134.9
132. 3

135.3
132.9
129.1
139. 0
134.3
131.7

129.9
133.6
132.5
133.9
130.7
128. 6

137.0
136.1
135.2
140.6
136.9
135.8

140.9
138.6
136.4
150.9
139. 7
137.2

142.0
139.6
137.1
148.0
140.6
137.0

142.7
136.9
137.0
149.0
145.0
140.9

144.8
140.4
139.5
151.0
145. 2
144. 1

145.5
141.4
141.2
153.6
147.4
144.3

146. 4
148.1
140.2
143.0
143.3
139.7
146.1
153.4
146.0 '146.4
144.3
142.7

do
—do
do

129.2
126.9
132.3

141.4
142.1
140.6

143.2
144.2
141.9

144.4
145.0
143.7

145.2
145.4
144.9

147.7
148.1
147.2

150. 1
150.7
149.2

150.7
151.3
150.0

152.5
152.7
152.3

153.9
153.8
154.1

155.4
155.2
155. 8

156.9
157.0
156.8

159. 0 ' 160. 6 ' i6o:s
159.4 ' 162. 0 ' 162. 0
158.4 ' 158. 6 ' 158. 9

162
162
161

do—do
do

127.0
146.1
109.5

130.7
150.1
112. 4

135.9
162.4
111.5

131.3
151.0
112.7

105.3
96.2
110.8

129.2
143.9
114.5

140.3
167.4
115.0

141.4
169.1
115.5

139. 7
167.7
114.1

144.4
176.4
115. 3

144.6
173.2
118.6

147.3
175.5
121.7

149.5
149.8
151.3
178.0 ' 111. 4 177.2
123.3
124.1 '127.3

148
175
122

Instruments and related products
do
Clay, glass, and stone products.
do
Lumber and products
„
.do
Furniture and
fixtures...
do
Miscellaneous manufactures
do—-

130.2
117.5
108.9
133.1
125.0

136.4
126.0
112.6
143.4
133.4

137.4
125.6
114.1
144.4
133. 4

138.6
127.0
109. 7
144.1
132.6

137.6
126. 9
110.8
147.4
135.9

140.2
127.7
109.2
149.3
137.4

142.0
130.2
105.5
151.5
139. 1

142.7
132.4
111.9
150.6
139.6

145. 3
131.8
115. 6X
154. 3
140.8

146.9
129.2
120.5
154.3
142.4

145.5
129.9
114.2
155.6
143.2

147.0
130. 3
117.1
156.5
143.6

149.8
131.6
112.8
156.8
143.6

152.1
132.6
115.4
155.8
142.1

151.5
133.1
114.5
157.2
146.2

154
133

125.3
116.9
125.6
99.8
125.1

132.6
122.9
134.1
102.6
133.4

133.2
123.7
135.1
105.5
132.8

134.2
125.5
135.8
102.7
133.5

134.6
127.8
137.2
104.8
137.0

135.6
128.7
139.1
105.4
133.8

137.6
130.3
140.6
105.6
140.2

137.9
131.7
142.2
108.7
139.1

138.4
132.0
143.7
106.6
137.5

139.1
131.5
144.0
106.1
139.0

138.5
132.2
144.3
105.0
140.0

138.8
131. 6
145.3
110.9
140. 9

139.0
132.2
145.4
105.1
139.4

140.5
133.8
144.8
107.7
142.3

140.6
133.9

Machinery
_.__
Nonelectrical machinery
Electrical machinery..

.

Transportation equipment
Motor vehicles and parts
Aircraft and other equipment

Nondurable manufactures
Textile mill products
Apparel products...
Leather and products
Paper and products.

_

do
do
.do .
do
do

'Revised. * Preliminary, i The total and components are annual totals, 2 italicized
^orS Mv68 stePPed-uP rate of NSLI dividend payments to veterans; total disbursements
of $200 million put on annual rate basis amounted to $2.4 billion. Figures for transfer pavments and total nonagricultural income reflecting similar exclusions are as follows (bil $)•
37.7 and 496.7. 3 italicized total excludes and other footnoted figures include retroactive
lump-sum payment of social security benefits; disbursements of $885 million put on annual
rate basis amounted to $10.6 billion. fSee corresponding note on p. S-l. {Revised series.
Dollar figures and indexes of cash receipts revised beginning 1949 (indexes shifted to 1957-59




' 144. 3

142. 8

145. 8 ' 145. 8

144. 3

144.2
T

' 150. 0
' 148. 7
152. 1
' 138. 6
'148.1
' 145. 5
T

'149.9
' 144. 2
' 143. 1
146.3
' 148. 2
144.1

147.0
130
125
146
143

157
147

140.8

141.6

base). Physical volume indexes revised to reflect change to the 1957-59 reference base and
incorporation of latest Census revisions. Data prior to May 1964 appear in the Dept. of
Agriculture publication, Farm Income Situation, July 1965. 9 Includes data for items not
shown separately, cfIndustrial production indexes revised beginning Jan. 1961; seasonally
adjusted data for 1961-63 for selected groups appear on pp. 31-32 of the June 1965 SURVEY.
Revisions (unadj. and seas, adj.) for Jan.-June 1964 will be shown later. Unadjusted data
prior to July 1963, as well as seas. adj. data for groups not shown in the tables, will be published later.

SURVEY OF CURRENT BUSINESS

S-4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

. 1964

Monthly
average

October 1965
1965

1964
* Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

130.0 '131.3 ' 132. 9
124.7 r 126.2
129.7
174.4
169.9
172. 8
192. 9
194.9
121.8 ' 126. 3 125.2

July

Aug.

Sept. P

GENERAL BUSINESS INDICATORS— Continued
INDUSTRIAL PRODUCTION-Contfimed
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes e— Continued
By industry groupings—-Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59=100..
Newspapers
_do__
Chemicals and products
do
Industrial chemicals- _
.do
Petroleum products
do

116.4
108.0
148.6
162.7
117.1

123.3
117.0
159.6
178.4
121.0

124.3
118.3
160. 7
178.6
121.0

123.0
115.9
165.1
185.2
120.2

123.0
114.3
163.0
181.0
122. 7

124.2
117.0
163.2
182.9
121. 7

126.2
122.6
166.4
187.9
120.9

126.8
121.4
166. 7
186.0
119.0

127.7
120.9
167.8
188.2
121.5

128.5
121.0
169.5
190.8
122.2

128.3
120.7
169.2
191.6
121.5

129.3
121.5
169.3
191. 7
122. 9

do
do
do _
do
do

140.0
116.9
116.8
117. 8
115. 2

156.3
120.8
120.1
124.4
120.8

161.2
120.1
119.1
125.4
121.4

163.0
120.4
119.1
127.6
120.6

163.2
120.3
120.2
120.6
123.3

163.7
123.5
122.6
128.5
121.0

165.7
123.8
122.9
128.6
125.4

164.7
124.3
123.0
131.4
122.2

171. 1
123.4
122.6
127.4
123.5

172.6
123,4
122.4
128.6
127.2

167.7
122.5
122.6
121.8
120.9

168.2 ' 169. 1 169.4
121. 9
122.3 ' 123. 1
120.6
121.2 r 122. 6
129.0
128.5
125.9
116.5
121.8
119.9

do
do
do _
do
do
do

107. 9
102.5
107. 9
108, 1
112. 3
112. 1

111.3
107. 1
110.4
109.9
117.4
118.7

112. 1
109.5
111.3
109.8
112.1
121.7

112.2
107.0
112.3
111.1
111.1
119.6

112.0
108.9
111.1
110.8
115.4
119.7

112.8
109.6
110.4
110. 2
126.6
123.9

112.5
110.1
110.4
110.9
121.8
123.4

111.8
107. 7
109.8
109.8
126.7
120.8

111.8
103.2
110.6
108.6
123. 4
122.9

112.5
103.1
111.4
110.5
124.6
124.1

113.0
107.9
112.0
111.4
125. 8
118.2

114.0 '115.3 '115.7 ' 117. 0
115.2
113.0 T 117. 1 117.1
111.9 ' 112. 5 ' 112. 6 ' 114. 5
112. 2 '112.1 ' 113. 7
111.3
123.7 ' 126. 4
111 A
121.6
123.9
125.8 ' 127. 3 128.4

113.8
107
112
111

do
__ do._
do

140. 0
142. 6
131. 9

151.3
153.9
143.4

153.9
156.4
146.0

155.0
157.5
147.1

154.9
157. 0
148. 4

155.4
157.4
149.0

157.1
159.4
149.6

155.1
158.5
144.2

156. 6
159.6
147.5

159.2
162.4
149. 2

160.6
164.0
149.8

160.9
164.3

' 162. 3 '163.0
165.8

164.5

do
do
__ do _

124. 9
125. 2
134. 4

131. 8
131.7
142.8

133.1
133.1
147. 5

132.8
132.5
142.3

130.5
129.5
128.3

135.2
134.5
145.7

138. 1
138.0
156.9

138.4
138.4
157.4

138.5
138.0
157.3

140. 1
140.0
161.9

139.4
138.5
158.2

140.2 ' 140. 7 ' 141. 7 ' 142. 3
138.6 ' 138. 7 '139.2 ' 139. 6
158.2 ' 157. 2 ' 156. 9
158.5

142.6
139.7
156

Automotive products
do
Autos
do__
Auto parts and allied products...do

141. 2
149.5
ISO. 2

145.1
150. 6
138.0

155.8
165.0
143. 8

144.7
146.0
143.0

105.9
83.0
136.1

143.0
145.1
140.2

166.2
183.0
144.0

165. 7
182.8
143. 1

163.8
178.9
143.9

173.1
194.2
145.2

166.9
183.5
145.1

168.1
184.9
146.0

168.1
167.8 ' 168. 4
184.3
187.1
184.6
147.5
143.0 '145.8

Home goods 9
Appliances, TV, and radios
Furniture an drugs._

129. 6
125. 1
131. 3

141.1
137.1
142.4

141.7
137.4
144. 2

140.6
138.9
141.0

144.0
143.1
145.5

147. 7
145.6
148.3

150.5
149. 4
149.7

151. 7
147. 2
150.6

152.7
148.7
152.6

154.0
150.8
152.7

152.1
149.0
152. 0

151.8
147.6
154.4

151.3 ' 149. 7
148.8 r 144. 4
153.5 ' 152. 4

148.8
142.5
154.5

122. 3
117.6
123.7
116.6

128.1
124.2
129.3
119.9

128.5
124.8
129. 6
118.7

129. 4
125.8
130.4
118.7

129.9
127. 1
130.7
120.0

131.0
128.0
131.8
122.0

132.0
129.4
132.7
122.5

132.4
131.6
132.6
122.3

131.9
131.8
131.9
121.3

133.0
132.5
133.2
122. 1

132.3
131.8
132.4
122.1

132.8
133.8
132.2
132 9
132. 5 ' 133. 2
132. 7 ' 134. 1
132.2
120.7 ' 122. 4
121. 1

134.4
122.2

116.9
140.1
117. 8
133.5

123.2
146.9
123.7
142.3

124.1
149.1
123.2
144.4

125.2
152.6
121.3
145.8

121.5
151.9
121.8
147.2

126.0
149.7
122.8
147.0

127.5
151.8
124. 3
146.9

128.3
154.2
125.8
143.9

126. 1
152.8
125. 3
145.4

128.1
154.2
128.6
146.5

121.5
152.6
126.9
148.8

124.8
151.9
126.6
148.2

126.2
123.9
152.9 ' 157. 0
125.6 ' 128. 0
151.0
150.6

124.2
128.3
123. 0
142. 4
132. 2
121. 6

132.0
139.1
137.0
145.3
141.0
133.1

133.2
141.1
139.6
145. 5
141.9
138. 0

133.5
141.4
140.4
147.6
139.0
134.1

132.5
140.6
140.4
149.3
128.6
142.2

136.7
146. 1
144.5
151. 0
149.1
135.1

138.4
148.5
145.9
152.4
155.2
142.1

138. 2
147.7
144. 8
152. 5
154.0
142. 5

139.4
149.2
147.1
156.2
150.7
141. 3

140.4
150.1
148.3
159.1
148.2
140.4

141.2
150.9
148.4
161.3
150.8
138.3 '

143.7
153.5
150.6
162.3
157.1
141.7

144.9
154.6
151.9
164.1
157.8
143. 7

' 147. 0 ' 148. 1
' 156. 4 ' 157. 2
' 155. 1 153.7
' 165. 2 166.0
162,0
' 155. 0
145. 3

148.6
158

123. 7
121.2
137. 2
125. 4
116. 3

132. 8
131. 2
145.8
134.4
124.5

135.3
135.2
167.6
136.0
125.9

135.6
135.3
153.1
137.1
125.8

132.6
128.6
112. 8
137. 7
124.1

135.9
134.9
147.4
139.2
126.8

138.0
136.8
156.1
141.5
127.5

138.8
138.0
159.6
142.6
128.3

139.7
139.0
164.9
143.8
130.8

141.7
142.6
166.3
146.9
133.5

142. 6
142.9
163.4
147.5
130.5

142. 6
143.4
162.3
148.7
131.4

144.5
146. 1
169.9
150.0
.131.3

' 146. 5 ' 145. 9
' 148. 4 ' 146. 6
167. 0
'171.8
' 153. 3 154.9
133.5
' 132. 7

142.8
142

126. 3
120.3
120. 2
120. 4

134.3
127.4
127.9
127.1

135.3
127.6
125.9
128.5

135.8
126.4
125.4
126.9

136.7
129.3
131.8
128.0

137.0
129.0
132.3
127.3

139.2
132.7
135.3
131.4

139.5
133.2
136.3
131.6

140. 5
135.6
138.0
134. 4

140.6
134.2
129.7
136. 5

142.4
135.1
137.3
134.0

141. 8 ' 143. 4 ' 145. 1
134.1 ' 134. 8 ' 137. 4
136.3
132.0 r 132.0
136. 2 ' 138. 0
135.2

145.2
135.4
132. 3
137.0

144
__

Business fuel and power 9
— — -do
117. 2
122.6
Mineral fuels
_
do
112.2
109. 3
Nonresidential utilities _
.do
149. 6
138. 7
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), total? t
mil. $_. 168,002 172,647
Manufacturing, totalf.
_
do
34,774 37, 129
Durable goods industries......
do
18,071 19, 231
Nondurable goods industries
.
_*,_do
16,7'04 17,898

123.8
113.0
151.3

124.3
113.4
152.1

124. 0
113.3
151.0

124.0
113.0
151.2

125.1
113.3
154.6

124.1
112.1
153.8

123.9
111.1
155.6

125.7
112. 3
158.5

127.2
114.3
159.6

127.9 ' 129. 9 ' 129. 1 ' 129. 8
115.1 '•116.9 ' 116. 6 '117.5
162.4
160.3
160. 1

127
114

Rubber and plastics products
Foods and beverages __
Food manufactures
_ .
Beverages
Tobacco products
_
Mining
Coal
_ _ _
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas

-

By market groupings: ®
Final products total
Consumer goods
_. __
Automotive and home goods

do
do
do

Apparel and staples.
;_ ._ _ do
Apparel, incl. knit goods and shoes.do....
Consumer staples
do
Processed foods
do
Beverages and tobacco
do
Drugs, soap, and toiletries
_ do
Newspapers, magazines, books. __do
Consumer fuel and lighting..
do .
Equipment, including defense $
.do _
Business equipment
do
Industrial equipment-...
...do
Commercial equipment _
do
Freight and passenger equipment__do_.._
Farm equipment
- ..
do
Materials
Durab le goods materials 9
Consumer durable
...
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
__
General business supplies. _

do .
____... do. _
do
do
do. _.
do
do
do
do_ _

V
Retail trade, totalt-do
Durable goods stores.
.
do
Nondurable goods stores
do
Merchant wholesalers, totalfc"
___do
Durable goods establishments
..do.III
Nondurable goods establishments^
doIIII

20,536
•6,675
13,861
12, 692
5,244
7,448

X

163. 2
167.1

122.8
122. 6

73,204

73, 358

72, 131

73, 371

76, 277

75,913

75, 956

77, 815

77, 529

77, 884

78, 010 ' 80,023

78, 991

37, 312
19, 284
18, 028

36, 811
18, 633
18, 178

37, 514
19, 291
18,223

39,318
20,559
18,759

38, 885
20, 415
18, 470

38, 693
20, 374
18, 319

40, 285
21, 284
19, 001

40, 044
20, 915
19, 129

39, 814
20, 513
19, 301

39, 943 ' 41,452
20, 652 ' 21,820
19, 291 ' 19,632

40, 522
21, 190
19, 332

21,802 22, 266
7,093 7,324
14, 709 14, 942
13, 715 13, 770
5,749 5,848
7,967 7,922

22, 254
7,541
14, 713
13, 792
5,776
8,016

21, 383
6, 496
14, 887
13, 937
5,801
8,136

21, 661
6,695
14,966
14, 196
5,977
8,219

22, 781
7,645
15, 136
14, 178
5,982
8,197

22, 900
7,855
15,045
14, 128
6,069
8,060

23, 317
7,966
15, 351
13, 946
6, 098
7,848

22, 805
7,669
15, 136
14, 725
6,240
8,485

22, 865
7,550
15, 315
14, 620
6,213
8,407

23, 352
7,703
15, 649
14, 718
6, 352
8,366

23, 331
7,760
15, 571
14. 736
6,243
8,493

Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalf
mil. $„ 105, 127 •110,535
Manufacturing, totalf
do
60,147 62, 944
Durable goods industries
do
36,028 38, 412
Nondurable goods industries
do
24, 119 24, 532
Retail trade, totalf-.
do
29,383 31, 130
Durable goods stores
do
12, 509 13,282
Nondurable good s stores
"do"
16, 874 17, 848
Merchant wholesalers, totalf cf
do
15, 597 16,461
Durable goods establishments!—""""]^©""
8,447 9,077
Nondurable goods establishments!:?1 _I""do"" 7, 150 7.384

165
178

135

161.2
127.7

37, 168
19, 164
18, 004

'23,743
' 7, 922
' 15,821
' 14,828
' 6, 369
' 8, 458

130

23, 653
7, 891
15, 762
14,816
6,415
8,402

107,613 108,504 108,539 109,320 110,535 111,465 111,884 113,032 113,761 114,542 115,049 '116,012 116,650
60, 763
36, 790
23, 973

61,019
37, 037
23, 982

30, 864
13, 363
17, 501
15, 986
8,703
7.284

31, 263
13, 738
17, 525
16, 222
8,871
7. 352

61, 777
37, 517
24, 260
30, 486
12, 894
17, 592
16, 276
8,949
7. 328

62, 377
38,040
24, 337

62, 944
38, 412
24, 532

63, 213
38, 495
24, 718

63, 382
38, 692
24, 690

63, 708 63, 999
38,972 39, 233
24, 736 24, 766

64, 269
39, 475
24, 794

64, 625 ' 65,394
39, 951 '40,600
24, 674 ' 24,794

65, 807
40, 807
25, 000

30, 559 31, 130 31, 478 31, 635 32, 260 32, 546 32,823 33, 014 33, 088 33, 355
12,874 13, 282 13, <o35 13, 799 ,14,220 14,440 14, 707 14,692 14, 744 14, 965
17, 685 17, 848 17, 843 17, 836 18, 040 18, 106 18, 116 18, 322 18, 344 18, 390
16, 384 16, 461 16, 774 16. 867 17,064 17, 216 17, 450 17, 410 ' 17,530 17, 488
9,002 9,077
9, 275
9, 592 ' 9, 779 9,800
9,323 9,428 9,454
9,589
7.381
7.384
7.499
7. 544
7. 635
7. 763
7. Sfil
7.819 ' 7. 751 7.687
pp. 16-19 of the Dec. 1963 SURVEY; see p. 28 of the Sept. 1964 SURVEY and p. 3 of the Aug. 1965
©See'note marked"'V"^on ' S-V""*1 aim uomponeni;s are based on unadjusted data.
SURVEY for current revisions (Jan. 1963-May 1964) affecting the retail inventory and total
9 Includes data for items not shown separately.
manufacturing and trade inventory series.
of Total manufacturing and trade sales and
§ The term "business" here includes only manufacturing and trade. Business inveninventories and merchant wholesalers sales and inventories have been expanded to cover all
town on p. 8-1 cover data for all types of producers, both farm and nonfenn.
merchant wholesalers, including wholesalers of farm product raw materials; also, seasonally
I data for manufacturing are shown on p. 8-6; those for retail trade on p. S-ll.
adjusted data beginning Jan. 1960 for merchant wholesalers' sales and inventories revised
rfo*o7i;,r:V'8 ma?ed 't' on P- s"4 of the Nov. 1963 SURVEY. Revised series. For a to reflect new seasonal and trading day factors. Kevisions for earlier periods appear on p. 24
detailed description of the changes affecting these series and data for earlier periods, see
of the May 1964 SURVEY.




SURVEY OF CUKEENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

| 1964

Monthly
average

S-5

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalt§ ratio- -

1.50

1.48

1.47

1. 48

1.50

1.49

1. 45

1.47

1.47

1.45

1.47

1.47

1.47

1.45

1.48

do____
do
do
do
do

1.69
1.94
.59

80
.55

1.64
1.91
57
79
54

1.63
1.92
.57
.81
.54

1.64
1.92
.57
.80
.54

1.68
2.01
.61
84
.57

1.66
1.97
60
82
56

.1.60
1.87
.57
77
.52

1.63
1.89
.57
.77
.52

1.64
1.90
.58
.79
.53

1.58
1.83
.57
.75
.51

1.60
1.88
.59
.77
.51

1.61
1.92
.61
.79
.52

1.62
1.93
.61
.80
.53

1.57
'1.86
.58
.78
.50

1.62
1.93
.60
.82
.51

do
do— _
do
-do

1.41
.59
20
63

1.35
.53
19
62

1.33
.52
.19
.62

1.33
.52
.19
.62

1.33
.53
19
62

1.34
.53
19
61

1.31
.51
19
.61

1.34
.52
.19
.63

1.35
.52
19
63

1.30
.50
.19
.61

1.29x
.50
.18
.60

1.28
.50
.18
.60

1.28
.50
.19
.59

1.26
.49
.18
.59

1.29
.50
.19
.60

Retail trade, total t§
do
Durable goods stores
do
Nondurable goods stores
do
Merchant wholesalers, totalfcf
do
Durable goods establishments
do_~_
Nondurable goods establishmentsd"--_-do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:*
Durable goods industries (unadj.), total. __mil. $__

1 39
1 79
1.20
1.18
1 58
.90

1 40
1 86
1 18
1 17
1 51
.92

1.39
1.82
1.17
1.16
1.49
.92

1.40
1.82
1.19
1.18
1.54
.92

1.43
1.98
1.18
1.17
1 54
.90

1 41
1 92
1 18
1.15
1 51
.90

1 37
1.74
1.18
1.16
1 52
.90

1 37
1.74
1.19
1.19
1 53
.93

1 36
1 73
1.16
1.21
1 53
.96

1.41
1. 85
1.19
1.16
1.51
.90

1.42
1.91
1.18
1.18
1.52
.92

1. 41
1.91
1.16
1.19
1.51
.94

1.42
1.89
1.18
1.18
1.54
.92

1.39
1.86
1.16
1.18
1.54
.92

1.41
1.90
1.17
1.18
1.53
.91

678

750

693

760

762

782

839

615

733

941

853

800

831

34, 774

37,129

36,001

38,874

38, 397

37700

37 631

36 384

39 380

41,231

41, 282

-do
18, 071
_-do —
947
. -do_ __ 2 944
do
1,586
do
1, 877

19231
960
3 236
1 770
1 962

17,707
1,040
3, 111
1,745
2,029

19,759
1,057
3,331
1,812
2,094

19, 243
1,066
3 337
1,828
2,047

19363
964
3 354
1*853
1*904

19 969
837
3 347
1 854
1 931

18 924 20 685
806
860
3 345 3 582
1 945 2 060
1 757 1 947

21,928
924
3,859
2,245
2,012

2,695
2 407
5 300
3 654
589
17, 460
6 184
*369
1 444
1,441
2 723
1 542
*871
38 885

3,021
2 676
5 755
3 832
650
18, 695
6 378
399
1 601
1,559
2 919
1 545
940
38 693

3,207
2,748
6,176
4,223
704
19,303
6 578
394
1,636
1,640
3,073
1,530
983
40,285

20 374
1 013
3 456
1 979
2 033
2 898
2 616
5 444
3 628
*647
18 319
6 °67
*422
1 560
1 530
2 902
1 519
*930

21,284 20 915 20, 513
923
1, 019
935
3,435
3,629 3, 796
1, 835
2 245
2 086
1,955
2 087
2 048
2,993
2 996
2 984
2,748
2,690 2, 757
5 519
5 859
5 408
3 620 3,680
3 974
688
699
701
19 001 19 129 19 301
6, 661
6 566
6 667
364
413
440
1 618 1 564 1 610
1 598 1 591 1,572
3,006 3 009 3,030
1 571 1 583 1 631
988
954
*967

3 612
7 925
4 806
4 030
3 117
15 203

3 730
8 213
4 945
4 392
3 183
15 822

3 681
8 395
4 907
4 020
3 063
15 978

3 769
8 280
4 948
4 088
3 001
15 728

1 567
2 222
3* 709

1 625
2*281
3 872

1 594
2 259
3 871

1 567
2 281
3 849

64 065
39 265
24 800
63 708

64 366
39 633
24* 733
63 999

64 769
40 033
24* 736
64 269

Manufacturing, total§
Durable goods industries..
Purchased materials _
Goods in process
Finished goods

-

Nondurable goods industries
Purchased materials
...
Goods in process
Finished goods

Shipments (not seas, adj.), totalf— —
Durable goods industries, total 9
Stone, clay, and glass products.--Primary metals
-Blast furnaces, steel mills
Fabricated metal products

.

_ _ — _do

Machinery, except electrical. ._
do
2,517
2,808 2,610 2,834 2,781
2,660
2 670
Electrical machinery
do
2 398
2 517 2,452
4,801 4 331
Transportation equipment
•__ •
_do.
4 848
4 969 3,572
1,961
3,040 2,618
Motor vehicles and parts
do
3 154
3*204
656
Instruments and related products _____do
636
680
583
627
Nondurable goods industries, total?
do
16, 704 17,898 18,294 19, 115 19, 154
6 422 6,769
Food and kindred products
-•: . -do_
5 832
6 795
6 324
416
413
392
Tobacco products
do
383
391
Textile mill products.
___do
1,611
1,640
1,378
1 484 1, 523
1,518
Paper and allied products
do
1,458
1,517
1,355
1,426
Chemicals and allied products
do
2,987 2,931
2,778
2,568
2 798
Petroleum and coal products
___.do
1 542
1 451 1 516 1 535 1,551
Rubber and plastics products '-.
___do
895
836
898
772
851
37,168 37, 312 36 811
Shipments (seas, adj.), totalf
--- do
By industry group:
19,164 19, 284 18 633
Durable goods industries, total?
do
Stone, clay, and glass products __
do
921
962
960
Primary metals
do
3,216
3,301 3,329
Blast furnaces, steel mills. _.„•
do
1, 770
1,786
1 843
Fabricated metal prod ucts
do
1,914
1 924
1,970
Machinery, except electrical
do
2,780
2,848 2 851
Electrical machinery
do___ _
2,501
2,481 2 536
Transportation equipment.
do
4 212
5 102
4 968
Motor vehicles and parts
do
3,213 2 446
3 408
Instruments and related products
do.
661
613
659
Nondurable goods industries, total? _-do
18,004 18 028 18 178
Food and kindred products
do
6 478
6,400 6 500
Tobacco products
do
404
392
395
Textile mill products
_._
do
1 459 1 478 1 505
Paper and allied products
do
1 461
1 420 1,451
Chemicals and allied products
do
2 845
2, 793
2,808
Petroleum and coal products.__do_
1 517 1 541 1 533
Rubber and plastics products
do
866
854
834
By market category:
2
Home goods and apparel
do
3, 313 2 3 479 3 430
3 457 3 472
2 7 258 2 7 866 8 007
" Consumer staples
do
7 971 8 067
2
Equipment and defense prod., excl. auto.do
4, 242 2 4 599
4 613 4*634
4 548
2
Automotive equipment
do
2 837
3 571 2 3 (312 3 827
3 629
2 979
Construction materials and supplies
_ do
2 992
-2 796 2 2 990
2 899
Other materials and supplies.
.do. _ 2 13 594 2 14 583 14 457 14* 663 14* 809
Supplementary market categories:
_ 1 380 2 i 492
Consumer durables
..
- do
1 466 1 477
1 455
2*171
Defense products
___do_ _ 2 2 096 2 2 163 2 060
2 150
3 587 3 621
. 3 2152 3 528 3 514
'
Machinery and equipment
_
do
Inventories, end of year or month :f
Book value (unadiusted), total
do
359,738 362 642 60 458 60 658 61 433
Durable goods industries, total
do_
35 565 38 001 36 684 36 856 37 251
Nondurable goods industries, total
do. _ 24 173 24? 641 23 774 23 802 24* 182
3
Book value (seasonally adjusted), total... do_ __ 60 147 3 62 944 60 763 61 019 61 777
By industry group:
Durable goods industries, total?
do
36 028 38 412 36 790 37 037 37 517
Stone, clay, and glass products ____do
1 544 1 587 1 586 1 572 1 595
Primary metals
do
6 111 6 056
5 918
6*063 6 096
Blast furnaces, steel mills
do_
3 533 3 707 3 670
3 688 3*714
Fabricated metal products
do. ._ 3 999 4 251 4 006
4 042 4 062
Machinery, except electrical
do
6 910
7 558
7 381
7 161 7 277
K 001
Electrical machinery
do
5 055
5 388 S flRfi 5 147
7 711
Transportation equipment
do
7*331
7 908
7 531 7*539
Motor vehicles and parts
do
2 782 2 975
2 610
3 013 2 796
Instruments and related oroducts do
1.468
1 filQ
1 533
i 55fi
1 579.
2
3
' Revised.
* Advance estimate,
Based on data not seasonally adjusted.
Total
and components are end-of-year data. TJ See note -.„_-,,«
, ^.^
marked "f"
on p. ,_,-,„__,„
S-4 of Nov. 1963 SUKVEY.
§ See note marked "f" on p. S-4.
cf See corresponding note on p. S-4.
*New series. Represents estimated total value of durable goods products directly exported by durable goods manufacturers; data prior to Oct. 1962 are not available, f Revised
series. Effective with the Dec. 1963 SURVEY, data reflect the following major changes: Introduction of the Annual Survey of Manufactures as the new benchmark, revision of sample de-




2,883
2 726
o 635
2 610
5 646
5*006
3 266
3 744
691
*654
18,337 17, 662
6 433 6 346
419
*407
1 596 1 494
1,433
1,470
2 761 2 606
1 547 1 560
862
852
37514 39 318
19 291
984
3 434
1 933
1*937
2 878
2 508
4 747
2 975
638
18 223
6 414
390
1 550
1 484
2 858
1 552
875

20 559 20 415
1 030
1*022
3 656
3 455
2 074
1 976
l' 959
2*077
2 969
2 977
2 657
2*597
5 341
5 361
3 502
3*550
641
661
18 759 18 470
6 446
6 629
429
407
1 614
1 606
l' 532 1 516
2 917
2 854
1 519
1* 525
922
931

3 521
7 972
4 657
3*387
3* 017
14 960

3 154
15 426

3 653
8 077
4 846
3*973
3* 183
15 153

1 497
2 129
3 ^30

1 6°1
2 185
3 739

1 574
2 197
3 755

62 058
37 647
24 411
62 377

3 713
Q OQQ
4 791
q qqe

62
38
24
62

642
001
641
944

38 040 38 412
1 593 1 587
6 153 6 111
3 776 3 707
4 14Q
4 251
7 514
7 558
c Qfl7

e qco

7 810
3 059

7 908
3 013

1 5«_,

1 filQ

63
38
24
63

299
403
896
213

63
38
24
63

761
875
886
382

38 495 38 692
1 595 1 595
6 161 6 153
3*744 3*717
4*325
4 306
7 638
7 576
A(Vt
5 473
5
7 869
7 849
3 016
2 977
1 fi99

1 fiM

r747

805

40, 074

41,914 '37,844

39, 456

21, 968
967
4,074
2,438
2,085

21, 157
1,010
3,613
1,923
2,025

22, 280 '19,564
1,095 ' 1, 022
3,639 r 3, 273
1,954
1,847
2,147 ' 1, 905

19, 819
1,045
3,588
2,076
2,085

3,228
2 718
5 866
3,970
696
19, 314
6 594
427
1,574
1,617
3,221
1 553
1 007
40, 044

3,164
2,646
5,755
3, 898
679
18,917
^6, 575
374
1,553
1,566
3,180
1,584
998
39, 814

3,299
2,844
6,106
4,144
732
19,634
6,825
439
1,679
1,653
3,189
1,647
1,028
39, 943

'2,857
r 2, 539
' 5, 069
'3,366
'650
'18,280
' 6,545
'415
' 1, 368
' 1, 503
'2,823
' 1,624
' 883
'41,452

2,804
2 750
i 4, 352
2,570
677
19,637
6,697
406
1,692
1,656
2,958
1,639
960
40,522

20, 652
962
3,389
1,820
1,974
3,009
2,701
5,668
3,814
691
19, 291
6,671
411
1,600
1,575
3, 057
1,637
958

'21,820 21,190
'969
925
' 3, 782 3,706
2,170
2,105
'2,036
1,964
' 3, 119
2,978
' 2, 894
2,803
' 5, 870
5,797
' 4, 004
3,929
'728
705
' 19, 632 19, 332
6,759
' 6, 777
'400
386
' 1, 603 1, 623
1,615
' 1, 656
2,972
' 3, 063
' 1, 648
1,617
'980
981

3 705
8 374
4*942
4 232
3 062
15*628

' 3, 788 3,714
' 8 582 8 495
' 5, 093 4*981
'4 408 4 357
' 3 169 3 061
'16,412 15, 914

38 972 39 233
1 593 1*606
6 071 5 900
3 618 3 427
4 517
4 420
7 726
7 668
5 574
5 628
7 945
8 095
3 052 3 150
1 fUfi

r

1 fi53

1 553 ' 1 644 1 570
2,332
2*298 ' 2,324
3 838 ' 4 070 3 877
64
40
24
64

979
321
658
625

'65,088 65, 499
'40 410 40 699
' 24, 678 24,800
'65 394 65, 807

39 475 39 95i '40 600 40 807
1 620 1*623 ' 1 600 1,619
6 074 ' 6, 163 6,131
5 996
3 531 3 597 3 631 3 587
4 544
4 565 '4 611 4,682
7 763
7 878 ' 7 988 8, 151
5 726 ' 5 810 5 874
5 662
8 267 ' 8, 653 8,585
8*104
3 249
3 290 '3 527 3, 350
1 fi7fi
1_fi87 ' 1. 683 1.693

sign, refinement of industry reporting, expansion of industry groups published, and revision of
seasonal factors. In addition, data by market groupings are presented for the first time. Data
for shipments and new orders not seasonally adjusted are adjusted for trading day variation.
Revisions back to 1947 and a detailed description of the current revision appear in the Census
Bureau publications, "Manufacturers' Shipments, Inventories, and Orders: 1947^63 Revised, Series M3-1" and "Series M3-1, Supplement 2."
? Includes data for items not shown separately.

SURVEY OF CURRENT BUSINESS

S-6
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

][963

1964

End of
year

October 1965

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

12,537
2,305
3,540
2,372
16,533
1,985
6,122
4,820
10, 881
1,784
3,942
1, 075
24, 674
6,040
2,317
2,879
1,882
4,133
1,765
1,234

12,664
'2,310
'3,609

'6,242
'5,155

12,653
2,305
3,702
2,223
17,298
2,073
6,360
5,287

10,883
' 1,802
'3,947
' 1, 078

10,856
1,753
3,963
1,075

'24,794
' 6, 073
'2,281
' 2,952

25, 000
5,992
2,286
3,029

' 1,900
' 4, 203
' 1,746
'1,244

1,916
4,243
1,730
1,253

Sept.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS'SALES,INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month t— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
Till $
Primary metals
do
Machinery (elec . and nonelec.)— _do
Transportation equipment __ __do
Work in process 9 —
do
Primary metals
do
Machinery (elec. and nonelec.)— .do
Transportation equipment
do

11,277
2,182
3,162
2,155
15,622
2,050
5,636
4,602

11,500
2,182
3,238
2,208
15,799
2,088
5,717
4,623

11,688
2,248
3,263
2,216
15,933
2,024
5,763
4,695

11, 802
2,297
3,306
2,181
,15,934
1,999
5,792
4,673

11, 876
2,295
3,356
2,210
16,008
2,005
5,835
4,661

12,068
2,292
3,399
2,234
16, 041
1,967
5,866
4,696

12, 406
2,332
3,456
2,280
16, 114
1,883
5,936
4,782

12, 512
2,317
3,502
2,362
16, 162
1,957
5,966
4,686

10, 618
1,864
3,804
954
24,260
5,956
2,319
2,857
1,865
3,985
1,731
1,176

10, 741
1,883
3,866
979
24,337
6,031
2,303
2,790
1,869
4,000
1,752
1,191

10,791
1,839
3,920
997
24,532
6,030
2,359
2,837

10, 759
1,865
3,881
995

10,863
1,812
3,977
1,015
24, 736
6,196
2,328
2,820

10, 713
1,685
3,962
1,033

10, 801
1,722
3, 957
1,056

24, 718
6,194
2,322
2,829

10,808
1,853
3,920
998
24, 690
6,197
2,312
2,811

24,766
6,182
2,307
2,828

24, 794
6,100
2,328
2,826

1,885
4,003
1, 745
1, 176

10, 431
1,803
3,699
973
23, 973
5,910
2,263
2,803
1,859
3,936
1,733
1, 154

11, 072
2,219
3,102
2,000
15,497
2,011
5,570
4,623
10, 468
1,833
3,752
916
23, 982
5,837
2,241
2,819
1,851
3,973
1,717
1,159

1,885
4,003
1,745
1,176

1,869
4,047
1,794
1,191

1, 869
4,055
1,812
1,183

1,855
4,072
1,800
1,213

1,865
4,106
1,792
1,222

1,885
4,174
1,775
1,221

9,, 769
3,, 479
10:, 871

9,619
3,522
11, 391

9,351
3,426
11, 196

9,412
3,457
11, 113

9,565
3,508
11, 187

9,637
3,497
11,203

9,619
3,522
11, 391

9, 585
3,532
11, 601

9,541
3, 531
11,618

9,557
3,533
11, 646

9,660
3, 533
11, 573

9,675
3, 558
11, 561

9,608 ' 9, 537
3,611 ' 3, 591
11,455 '11,666

9,675
3,675
11, 650

6/389
9, 525
12,363
3, 245
5,290
23, 335

6,499
9,660
13,241
3,683
5,629
24, 232

6,276
9,407
12, 538
3,446
5,389
23,707

6,316
9,339
12,693
3,425
5,426
23,820

6,358
9,525
12,788
3,629
5,500
23,977

6,405
9,590
12, 978
3,720
5,533
24, 151

6,499
9,660
13,241
3,683
5,629
24,232

6,534
9,776
13,225
3,654
5, 643
24,381

6,534
9,756
13,283
3,701
5,661
24,447

6, 593
9,827
13,338
3,751
5,734
24, 465

6, 650
9,809
13, 490
3,854
5,816
24, 380

6,694
9,770
13,419
3,941
5,835
24, 610

6,650
9,721
13,635
3,983
5,862
24,774

'6,685
' 9, 737
'13,858
' 4, 215
'5,821
'25,078

6,817
9,664
14, 063
4,053
5,850
25,360

3,056
5,625
9, 431
35, 036 i 37,697
18,300 19, 803
16, 736 17,895

2,944
5,401
8,923

3,001
5,411
9,161
39,043
19, 863
19, 180
37, 846

3,037
5,455
9,321

3,056
5,625
9,431

3,072
5,605
9,445

3,081
5,607
9, 543

3,134
5,688
9,560

3, 164
5,788
9,617

3,210
5,740
9,651

37, 671
19, 277
18,394
37,720

37,986

40, 641

41,820

41, 842

40, 162

20,357
17,629

37,785
20,320
17,465

3,241 ' 3, 249
5,814 ' 5,968
9,863 '10,006
42,357 '38,713

3,248
6,042
10, 223

36, 190
17,923
18,267
37, 509

2,941
5,412
9,063
39,361
20, 239
19, 122
38, 018

21, 878
18,763

22,507
19,313

22,435
19, 407

21, 166
18,996

39,590

39, 704

39,469

40, 712

41, 120

40, 181

22,651 r On 4.H4.
19,706 '18,309
40, 689 '41,846

19,342
3,280
1,825
1,946
2,952
2, 694
4,771
1,081
18, 167
4,883
13,284

19, 907
3,847
2,296
2,045
2,923
2,581
4,760
1,148
18, 111
4,866
13,245

19, 623
3,767
2,203
1,991
2,994
2,542
4,544
1,654
18,223
4,894
13,329

19,454
3,663
2,072
2,011
2,971
2,763
4,283
961
18,266
4,960
13,306

20,720
3,821
2,243
2,089
3,098
2,637
5,172
1,227
18,870
5,190
13,680

21, 271
3,739
2,232
2, 068
3,092
2,891
5,546
1,465
18, 433
5,018
13,415

21, 130
3,802
2,291
2,110
3,050
2, 597
5, 690
1,703
18,339
5,054
13, 285

21, 714
3,593
2,018
2,065
3,100
2,711
6,301
1,757
18,998
5,203
13,795

22, 043
3,456
1,876
2,098
3,107
2,929
6,453
2,248
19, 077
5, 130
13, 947

20,992
3,286
1,632
2, 027
3,108
2,801
5,878
1, 552
19, 189
5,157
14,032

21,310
3,454
1,816
2,042
3,189
2,874
5,870
1,684
19,379
5,298
14, 081

'21,195
' 3,493
'1,851
' 2, 058
' 3, 140
' 3,099
'6,363
'1,646
'19,651
'5,444
'14,207

21,461
3,090
1,448
1,968
3,299
2,978
6,153
1,967
19,432
5,405
14,027

3,535
8,022
4,671
3,745
2,911
14, 625

3,490
7,967
4,478
3,678
3,052
15, 353

3,418
8,068
4,824
2,916
3,071
15, 549

3,489
7,972
4,586
3,289
3,043
15,341

3, 750
8,303
4,738
3,984
3,098
15,717

3,607
8,093
4,939
4,116
3,238
15, 711

3,569
7,927
4,981
4,083
3,155
15, 754

3,727
8,207
4,974
4,530
3,145
16, 129

3, 672
8,372
6,121
4,133
3,150
15, 672

3,689
8,277
5,323
4,208
3,105
15, 579

3, 751
8,389
5,509
4,194
3,132
15, 714

'3,725
' 8, 583
'5,466
'4,524
' 3, 155
'16,393

3,793
8,499
5,500
4,308
3,043
15,750

1,500
1,862
3,772

1,471
1,982
3,686

1,426
2,412
3,786

1,498
1,788
3,882

1,664
1,873
3,917

1, 580
2,372
3,958

1, 529
2,438
3,799

1, 601
2.463
4,024

1, 629
3,236
4,078

1,574
2,460
4,069

1,586 ' 1, 560
2,579 ' 2, 618
4,091 '4,348

1,637
2,798
4,158

54, 501

54,990

55,637

55,605

55,962

57,363

58,629

59,217

59, 779

59, 869

60,309 '61,178

61,660

Durable goods industries, total—
do
46, 193 53, 042 51, 637 52, 119 52,742
2,864
2,895
Nondur. goods indust. with unfilled orders©_do
2,871
2,920
2,956
Unfilled orders, end of year or month (seasonally
adjusted), totalf
mil $
49, 796 57,044 54, 216 55, 042 56,067
By industry group:
Durable goods industries, total 9
do____ 46,676 53, 958 51, 366 52, 135 53,137
6,104
5,049
5,699
Primary metals
_ do
6,559
3,930
3, 013 3,608 3,956
Blast furnaces, steel mills
do
4,311
2,120
4,520
4,663
4,565
Fabricated metal products.
do
4,062
4,811
7,794
7,931 8,062
Machinery, except electrical
_do
8,302
7,027
7,924
7,795
7,913
Electrical machinerydo
8,103
7,114
Transportation equipment
do
19, 368 21, 090 21, 210 20,977 21,346
15,760
15,742
15,
437
Aircraft and parts
do
14, 446 15, 526
Nondur. goods indust. with unfilled orders© do
3,086
3,120
2,930
2,850
2,907
By market category:
Home goods, apparel, consumer staples do
1,953
1,976
2,002
1,987
1,975
Equip, and defense prod., incl. auto
do
26, 197 29, 223 28, 817 28,869 29,217
Construction materials and supplies
do
5,211
5,263
5,368
5,490
4,986
Other materials and supplies
do
16, 626 20, 356 18, 212 18, 908 19, 529
Supplementary market categories:
1,384
Consumer durables
do
1, 391
1,401
1,407
1,420
Defense products
do
18, 724 20, 058 20, 291 20,080 20,387
Machinery and equipment
do
11, 186 13, 367 12, 695 12,812 12,946
r
1
3
Revised.
Monthly average.
Advance estimate3. / 3 D ata for total ancI components (incl. market categories) are monthly avera ?es based[ on new <orders no t seasona llyadjusted.
fSee corresponding note on p. Si-5.
9 [ncludes data for items n<)t showri separately.
©Includes textile mill products, leather jind prod ucts, pa]3er and jillied prc»ducts,

52,652
2,953

53,042
2,920

54, 439
2,924

55,636
2,993

56, 215
3,002

56,684
3,095

56,694
3,175

57,064 '57,904
3,245 '3,274

58,391
3,269

56,363

57,044

57,317

58, 160

58, 595

59,463

59, 897

60,588 '60,981

61,351

53,406
6,370
4,125
4,762
8,194
8,142
20, 867
15,363

53,958
6,559
4,311
4,811
8,302
8,103
21,090
15,526

54,280
6,656
4,387
4,851
8,413
8,247
21, 051
15,394

55, 092
7,073
4,759
4,910
8,467
8, 269
21,363
15, 738

55. 531
7,058
4,720
4,897
8,563
8,302
21, 776
16,098

56, 374
6,683
4,351
4,911
8,688
8,448
22,664
16, 849

56,875
6,569
4,148
5,051
8,782
8,555
22, 951
16, 861

57,454
6, 637
4,144
5,093
8,963
8, 773
23, 069
17, 074

2,957

3,086

3,037

3,068

3,064

3,089

3,022

3,134

1,954
28,971
5,433
20,005

1,975
29,223
5,490
20,356

1,962
29,210
5,558
20, 587

1,904
29,494
5, 596
21, 166

1,898
29, 549
5,591
21, 557

1,901
30, 694
5, 628
21, 240

1,908
31, 154
5, 721
21, 114

1,922
31,607
5,733
21,326

Finished goods 9
do __
Primary metals
do
Machinery (elec. and nonelec.)— do
Transportation equipment
do
Nondurable goods industries, total 9 .....do
Food and kindred products _
do _
Tobacco products
do
Textile mill products
do
Paper and allied products
__do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
_
_ do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip, and defense prod., excl. auto
do _
Automotive equipment
do. __
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables _ _
do
Defense products
do
Machinery and equipment
do
New orders, net (not seas, adj.), totalf
Durable goods Industries, totalNondurable goods industries, total __

do
do
__do .

10, 879
2, 259
3, 009
1, 956
14, 857
1, 901
5, 249
4,467

11, 688
2,248
3,263
2,216
15, 933
2,024
5,763
4, 695

10,917
2,219
3,055
1,918
15,442
2,034
5, 493
4,640

10,292
1,758
3,707
908

10, 791
1,839
3,920
997

24, 119
6,028
2,314
2,886

24, 532
6,030
2,359
2,837

1, 800
3, 818
1, 736
1, 157

2,955
5,583
8,539

New orders, net (seas, adj.), totalf
......do
335,036 3 37,697
By industry group:
Durable goods industries, total 9 — do____ 18, 300 19, 803
Primary metals
__do
3, 442
2,959
1,942
Blast furnaces, steel mills
do
1,592
Fabricated metal products
_ do
2,018
1,886
Machinery, except electrical
do _
2,574
2,911
Electrical machinery
do
2,601
2,410
Transportation equipment _
_
do _
5,098
4,970
1,460
Aircraft and parts
_do_ __ 1,398
Nondurable goods industries , total
do
16, 736 17, 895
4,776
_ Industries with unfilled orders©
.do
4,411
Industries without unfilled orders^
do
12, 325 13, 118
By market category:
Home goods and apparel
do
3,478
3,339
Consumer staples
do
7,866
7,257
Equip and defense prod , excl auto
do
4,814
4,368
Automotive equipment
do
3,637
3,578
Construction materials and supplies
do
3,027
2, 803
Other materials and supplies
do
13, 691 14, 876
Supplementary market categories:
Consumer durables
. do
1,493
1,404
Defense products
do
2,260
2,156
Machinery and equipment
do
3,706
3,326
Unfilled orders, end of year or month (unadjusted),
totalf
mil $
49,149 55,962




f 2, 420

'17,053
r 2, 051

39,940
20,307
19,633
40,893

'57,830 58, 101
' 6,348, 5,732
3,168
'3,825
5,119
'5,115
9,305
'8,984
9,152
' 8,978
'23,563 23,919
'17,252 17,743
' 3, 151

3,250

1,946
' 1,861
'32,097 32,567
5,702
'5,720
'21,303 21, 136

1,397
1,412 '1,328
1,374
1,354
1,427
1,371
1, 399
1,420
20,058 19,964 20,260 20, 502 21,361 21, 457 21, 743 '22,036 22, 501
13,367 13, 534 13, 572 13, 771 13, 981 14, 166 14,422 '14,700 14,979
and]Minting 8ind publ shing in<lustries; unfilled c>rders for other no ndurabltj goods in dustries
are zero.
1For these indust]ies (foocI and kiiidred pr oducts, t obacco i>roducts, apparel
and i elated pr oducts, p etroleuni and coa I product s, chemic als and aHied proclucts, ancI rubber
slastics
products) sales are consider ed equal to new orders.
and]

1,401
20,058
13,175

SURVEY OF CURRENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

S-7

1964

Monthly
average

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

17 635
16 671

16 794
16, 369

16, 114
16, 957

1 074

1,131

82
205
157
514
116

114
208
176
533
100

Sept.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS tf
New incorporations (50 States and Dist. Col.):t
Unadjusted
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES d*
number

Failures total

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

do
do
do
do
do

_

Liabilities (current), total
_____thous. $_,
Commercial service __
_. ...
do
Construction
do, __
Manufacturing and mining
.do
Retail trade
,. *-i. ' . , _
do.
Wholesale trade
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..

15,534

16, 477

14, 552
16, 074

15, 465
16, 605

16, 394
16, 493

14, 098
17, 103

17, 459
17, 154

18, 180
17, 275

15 967
17, 367

19 789
17 112

17, 712
16, 504

16, 540
16, 043

1,198

1,125

1, 169

1,034

1,060

967

968

1,137

1, 114

1 332

1,179

1 183

114

102
199
188
520
116

113
203
185
550
118

81
208
163
484
98

96
194
196
467
107

100
180
175
412
100

89
175
165
442
97

105
206
187
525
114

103
199
185
525
102

124
230
218
621
139

93, 766 119, 324
4,666 4 870
23, 967 22 953
35, 619 59,174
19, 135 20 629
10 379 11 698

98, 282
9,171
25, 835
27, 233
28, 023
8 020

89, 272 in, 985
4 905
9,111
24 381 19,881
26, 189 43, 269
19 744 28 663
14 053 11 061

146, 579
24 487
21 075
47 868
29 913
23 236

200
201
557
126

112, 716 110, 769
7,425 15, 211
19, 280 21,866
46, 475 30, 155
24,947 23, 496
14 589 20 041
156.3

95, 180 114, 565
22, 555
6,074
17, 897 32, 185
16, 079 31, 396
25, 715 24, 958
12 934 19 952

59.1

153.2

50.7

56.3

50.3

48.2

52.8

51.7

54.8

99
228
183
535
134

126
204
191
549
113

1 094

90
205
172
510
117

83, 247 133 113 144 607 121, 485 135, 039
6 039 48 806 54 207
4 891 47 127
19, 554 17 729 35 601 53 372 24 080
26, 090 32 978 22 435 31 145 30 097
20 067 20 944 22 353 21 352 19 704
11 497 12 656 10 Oil 10 725 14 031

50.8

54.1

50.1

52.8

56.9

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products©
1910-14=100.
Crops
_
Commercial vegetables
Cotton
Feed grains and hay
Food grains

. _

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

do...
__do.
do.
do
do
do.
do
do
do.

242

236

232

237

236

234

234

236

238

239

243

251

256

253

250

250

239

233
271
164

226
223
258
163
161

229
223
258
170
164

233
229
261
165
165

234

224

238
246
262
166
190

281
254
161
168

234
241
247
171
168

234
234
233
174
168

234
237
233
176
167

237
261
242
177
166

243
287
249
180
164

248
325
251
182
162

243
299
255
180
158

236
254
253
177
160

224
235
244
171
162

224
231
249
171
160

292
258
156
494

298
256
227
490

282
243
234
489

295
254
203
487

319
260
206
497

280
263

272
275
322
488

257
281
331
497

241

263

QQC

497

245
274
368
498

91 Q
9AO

371
499

249
272
391
499

242

281

oofi

496

268
273
282
495

989

2'29

231
508

179
531

239
274
267
144
288

235
275
258
143
277

234
271
261
139
266

237
267
272
136
270

•- 262
280
•107

241
9f»fi
900

292

254
242
320
9fi8

266
239
345
138
267

283

j

do. ..
do
do
do
do

245
253
290
146
269

235
256
270
142
291

238
252
275
146
287

244
265
281
147
281

Prices paid:
< All commodities and services..
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)!
— 1910-14 =100. _

283
298
273

282
300
270

282
300
268

282
300
269

282
301

97ft

269

270

285
303
272

312

313

312

313

313

317

2 73

313
2 75

313

Parity ratio§t

74

7ft

7fi

7K

7*5

74.

do

282
9QQ

On-l

240

244

•jon

244
948

144.

•IOC

9fiQ

9fifi

nae

286

979

286
970

97ft

ono
978

978

318

Of\A

287

ono

290

290
°.fl7

oco

4QB
9AQ

142

268
290
307
278
090
o£o

i

94.K

272

271

344

• °.°.4

9Kft

14ft

9fiQ

9fi7

1 f\C\
naa

289

289

977

977

321

321

oner

318

320

323

090
0*6

7ff

75

7fi

78

7Q

109.0

109.3

109 6

110.1

110 2

IftQ 1

109. 4
110.3

1 in n
1 10, 7.

110.1
110. 2

106.2
107. 5
102.9
100.2
121.1

106. 9
ins A

106.9
108. 7
102. 3
97.2
123.0

97. 1
120.3

105. 2
117.5

105. 1
117. 6

104.7
117.8

104.7
117.9

78

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

1957-59=100-

Commodities^
Nondurables
Durables^?
New cars
Used cars

3

108. 2

108. 4

108.5

108.7

108. 8

108.9

108.9

106 7
107 4

108 0
108 9

108 1
108 9

108 2
109 0

108 3
109 2

108 5
109 5

108 6
109 6

108 ft
100 8

ins R

do
L do
do
_ do
do

104 1
104 9
102 1
101 5
116 6

105 2
106 0
103 0
101 2
121 6

ine n

-I(\K A

•j nr p

ine o

-irjc 7

106 1
102 8
99 9
122 2

106 4

106 4

Iflfi °.

109 8
no 7
n

10.°. 1

irjo e

103 4

infi q
ino o

m

101 3
mo

102 5

101 6

do
"do

103.5
113 0

104.4
115 2

104.2
115 4

11 c e

I 1K 7

104.6

104.8
i ifi n

m

104.9n

104.9

104.7

_. do
do
do
_._do

105 1
100.2
103 8
111.0

106 4
98.6
104 7
115.3

106 9
99.2

107 2
101.4

lOfi Q

100.6

106 8
99.5

infi Q
99.0

iftft R
99.2

99.5

Commodities less food^
Services^
Food 9
Meats, poultry, and
Dairy products
Fruits and vegetables

106.7 3 108. 1

_.do
do

104.3

106 4

199 Q

106 5

ino t*

10Q o

-190 7

1 10 1

105. 6

in? n

110.0

106.6

103. 2
100.8
121. 7

-ino n

104.8
117. 0

105.0

99.8
104. 5
117.6

107.9
100.3
104.2
121 4

110. 1
106.4
104.0
125.9

110.9
109.2
104.3
124 3

110. 1
109.8
105.0
114 6

117.3

112.2

111.7

113.0

114.5

112.4

113.3

106.9
99.6
105.0
115.3

Housing
_
Shelter?*
_
Rent
_._
Homeownership*
Fuel and utilities*
Household furnishings and operation*

do
do
do
do
do
do

106.0
106.9
106.8
107.0
107.0
102. 4

107.2
108.7
107.8
109.1
107.3
102.8

107.2
108.8
107. 9
109.2
107.1
102.6

107.4
109.0
107. 9
109.5
107.2
102.8

107.6
109.2
108.2
109. 6
107.4
102.8

107.7
109.3
108.3
109.8
107. 5
102.9

107.8
109.5
108.4
110.0
107.9
102.9

108.1
109.9
108.4
110.6
107.9
102.8

108.2
110 2
108.5
110.9
107 4
102.8

108.2
110 1
108.7
110.8
107 4
103.1

108.2
110 1
108.8
110.8
107 2
103. 1

108.2
110 2
108.8
110. 8
107 1
103.1

108.2
110 3
108.8
111.0
106 9
103. 1

108.3
110 6
108.9
111 2
106 6
102.9

108.2
110 7
109.0
111.4
105 3
102.9

Apparel and upkeep*
Transportation
Private
Public
j

do
do
do
do

104.8
107.8
106.4
116.9

105. 7
109.3
107.9
119.0

105. 3
109. 3
107.9
119.1

105.9
108.9
107.4
119.3

106.2
109.4
108. 0
119.3

106.4
110.0
108.6
119.5

106,6
110.5
109.0
120. 3

105.6
111.1
109.7
120.6

105.8
110.6
109.1
121.2

106.0
110.6
109.0
121.3

106.3
111.0
109.5
121. 3

106.8
111.4
110. 0
121.3

106.9
111.2
109.7
121.3

106. 1
111.5
110.0
121.4

106.4
111.0
109.5
121.5

111.4
113.6
114.0
113.8 113.9
117.0
119.4
119.9
119.8 119. 7
107.9
109.2
109. 4
109.5
109.7
__
111.5
114.1 114.2
114.3
114.5
••Revised.
i
Based
on
unadjusted
data.
2
Annual
data
for
1961-64
for
parity
ratio
d]
e
ernment
l o c£ °I goy
Payments made directly to farmers are as follows (unit as above):
83; 83; 81; 80. Descriptive material and annual data back to 1933 appear in the Dept of Agriculture publications, ''Agricultural Prices," January 1964 and 1965 issues. 3 New series.
Beginning Jan. 1964 the index reflects ttielollowing changes: (1) updated weighting factors and
price data base; (2) improvements in statistical procedures; (3) a more comprehensive index
incl. single workers living alone, as well as families of wage earners and clerical workers;
(4) expansion of the "market basket" from 325 to 400 items; and (5) increase in the sample of
priced cities to 50 metropolitan areas and cities in the U.S. incl. Alaska and Hawaii The
new series has been linked to the old series as of Dec. 1963 to provide continuous series (see
exceptions in notes "V' and "*"). More complete information and data are available from

114.2
120.2
109.7
114.9

114.3
120.3
110.0
114.9

Health and recreation?*
Medical care._
Personal care
Reading and recreation




fish

_
.

_

do,__
do
do
do

-I(\A A

114.5
114.7 114. 9
115.4
115.6
115.7
115.6
115.3
121 4
120.6
121.0
121 6
122 8
121 8
122 2
122 7
110.0
110.1 110.4
110.7
111.0
111.0
108.7 109.0
115.2
115. 0
115.4
115.9
115.9 115. 7
114.3
114.6
the Bureau of Labor Statistics, U.S. Dept. of Labor (Washington, D.C., 20210). (^Compiled
by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.). fData prior to
1963 exclude Dist. of Col. Revisions for Jan.-Dec. 1962 (seas, adj.) appear on p. S-7 of the
Aug. 1964 SURVEY.
©Revisions for Jan. 1961-Mar. 1964 for all components, and revised data for all farm
products, crops, and commercial vegetables back to Jan. 1958 are available in the May 1965
"Agricultural Prices, Supplement 1." JSee note marked "J" on p. S-7 of the Feb. 1964
SURVEY. §Ratio of prices received to prices paid (incl. interest, taxes, and wage rates).
IData beginning 1963 as shown here are not comparable with "old series" data formerly
published.
9 Incl. data not shown separately.
*New indexes.

SURVEY OF CURRENT BUSINESS

S-8
1963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1964

Monthly
average

October 1965

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

COMMODITY PRICES—Continued
WHOLESALE PRICES^1
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities ..
1957-59 =100__ 193.9 197.7
9 Foodstuffs
do
192.0 188.8
13 Raw industrials
-do _ _ ,195.2 1 104. 6
All commodities
. _ -__ do..— 100 .3 100.5
By stage of processing:
Crude materials for further processing— .do
95.0
94.1
Intermediate materials, supplies, etc..— do
100.5
100.9
1101 .4 101.8
Finished goodsO
do
By durability of product:
101 .0 102.4
Durable goods
-,
.
.do
99.6
Nondurable goods _
... do
99.1

97.9
87.7
105.7
100. 3

100.0
89.3
108.2
100.7

102.3
89.7
112.0 =
100.8

102.7
89.2
113.2
100.7

103.2
91.1
112. 5
100.7

102.3
91.5
110.6
101.0

102.4
91.5
110. 7
101.2

103.0
89.8
113.2
101.3

105.3
90.6
116. 7
101.7

105.2
90.3
116.9
102.1

104.2
90.1
115.3
102.8

103.3
89.0
114.6
102.9

104. 7
91.2
115.2
102. 9

105.4
93.2
114.8
103.0

94.1
100.4
101.9

95.7
100.6
102.1

94.3
101.1
102. 1

94. 0
101.1
102.1

94.0
101.4
101.9

94.2
101. 6
102. 3

95.5
101. 6
102.3

95.8
101.6
102.4

96.9
101.8
102.8

98.3
101.9
103.2

100. 6
102.2
103.9

100.5
102.3
104.0

r 100. 8

102.4
103.8

100.0
102.5
104.1

102. 5
98.7

102.4
99.4

102.8
99,. 2

102.9
99.1

103.0
99.0

103.1
99.5

103. 2
99.6

103.3
99.8

103. 4
100.4

103.6
100.8

103.7
102.0

103.7
102.2

103.9
102.0

103.9
102. 2

100. 6
101.3
99.8

101.1
102.5
99.7

101.0
102.5
99.5

101.2
102.5
99.8

101.4
102.8
100.0

101.4
102.9
99.8

101.5
102.9
100.0

101.8
103.2
100.5

101. 8
103.3
100.3

101.8
103.3
100.4

102.1
103.4
100.7

102.4
103. 6
101.1

103. 0
103.7
102. 3

103. 1
103.7
102.5

103. 2
103.9
102.4

103! 2
103.9
102.5

Farm products 9 _.do__
Fruits and vegetables, fresh and dried— do
Grains
- do
Livestock and live poultry _
__
do

95.7
96.1
101.9
88.8

94.3
103.2
94.1
84.7

93.6
97.9
85.7
88.4

95.7
101.5
90.2
90.9

93.8
98.2
88.9
85.8

94.0
108.0
88.0
83.6

92.7
98.9
90.1
83.1

93.0
98.5
90.4
85.5

94. 5
102.5
90.5
88.4

95.4
107.8
90.6
89.8

97.6
117.7
91.2
91.4

98.4
118.5
91.0
96.2

100.3
109.0
89.6
104.6

100.0
103.9
88.4
105.0

99.1
'85.5
88.3
106.4

99.5
96.1
89.3
102.6

Foods, processed $
.
do
Cereal and bakery products..
.......do
Dairy products and ice cream
.do
Fruits and vegetables, canned, frozen __ do_
Meats, poultry, and
fish
_do

101.1
107.3
107.5
103.9
93.3

101.0
107.8
107.8
104.8
90^8

101.0
108.3
107.3
102.1
93.3

102.2
108.1
108.7
102.2
96.1

101. 7
108.2
108.9
102.7
93.2

100.9
108.3
109.5
102.3
89.8

100.8
108.2
108.9
101.9
88.8

102.2
108.2
108.3
101.9
91.9

102.1
107.9
107.8
100.3
92.1

101.8
108.1
107.5
100.7
92.4

102.3
108.3
107.5
100.9
93.6

103.3
108.3
106.8
100. 4
97.7

106. 1
108. 5
107.1
101.5
105.5

106. 6
109.3
107. 8
101.8
106.3

106.7

108. 5
100.4
106.3

106.7
109.1
109.1
101.6
105.3

Commod. other than farm prod, and foods-do

100.7

101. 2

101.1

101.1

101.5

101.6

101.8

101.9

101.9

102.0

102.1

102.3

102.5

102.5

r 102. 7

102.7

Chemicals and allied products 9. --do
Chemicals industrial
do
Drugs and Pharmaceuticals
_
do
Fats and oils, inedible
__.
do
Fertilizer materials
do
Prepared paint
__ __ do

96.3
94.8
95.1
80.3
99.9
103.8

Fuels and related prod., and power 9
do
Coal
__do___.
Electric power
Jan. 1958=100 _
Gas fuels
_
_
do
Petroleum products, refined.— _1957-59=100__
Furniture, other household durables 9 ...do
Appliances, household
do
Furniture, household
do
Radio receivers and phonographs
do—
Television receivers
do

99.8
96.9
102.0
122.8
97.2
98.1
91.8
104 .6
82.8
92.3

96. 7
94.2
95. 0
96.8
100.1
104.7
97.1
96.9
101.1
121. 3
92.7
98.5
91. 3
105.3
81.5
90.9

96.5
93.9
94.7
101.3
100.2
104.8
96.4
96.6
101.4
121.2
91.4
98.6
91.3
105. 3
81.8
90.8

97.6
94.8
95.0
116.7
104.3
105..7
98.4
94.6
100.8
122.2
95.4

Hides, skins, and leather products 9
Footwear
_
Hides and skins
Leather
.
Lumber and wood products
Lumber

104.2
108 .3
84.0
101 .9
98.6
98.9
102.2
111 .1
109 .6
97.4
100.0
100 .1
92.9
99.1.
99.1

1Q4.6
108.5
87.5
102.9
100.6
100.7
102. 9
112.9
112.4
96.8
100.5
102.8
92.0
100. 5
105. 9

105.6
108.3
96.0
104.5
100.9
101.1
102.9
113.1
112.3
96.6
100.7
103.0
91.7
101.2
105.8
101. 7
104.5
100.8
108.6
98.7
103.7
91.8
88.0
101.2
103.3
98.6
95.8
117.0
103. 0

96.9
94.3
94.6
107.7
99.3
104.8
96.7
97.7
101.5
120.4
91.9
98.5
91.2
105.5
81.5
91.1
106.0
109.1
95.4
104.8
100.3
100.4

97.4
97.4 -•97.1
94.8
95.0
95.0
94.7 , 94.7 ^93.9
114.0 110.3 ' 104. 4
104.3 103.3 102.1
105.7
105.7
105.7
98.7
99.0
98.7
94.7
95.2 '95.8
100.8
100.7 100.8
122.7 122.5 r 123. 9
96.4
96.0
96.0
97.7
98.0
97.8
89.2 '88.6
89.4
105.9 105.9
106.1
79.4 '79.0
81.1
88.9
87.8 '88.0
107.7
108.8 ' 112. 2
110.2
109.8 110.0
133.4
103.1 117. 4
107.6 105.9 ' 112. 5
100.3 100.5 ' 101. 8
102.5
101.1 101.2
103.8 103.7 ' 103. 8
114.7 114.9 ' 114. 8
115.2 115.3 115.6
97.0 '96.7
97.1
100.7 100.7 100.7
105.9 105.8 106.2
92.0
91.7 ' 91.9
101.3 101. 5 101.4
116.5
116.2 115.5
102.0 101.9 ' 101. 6
105..5
105.1 105.1
101.5
101.6 101.7
107.5 107.5 ' 102. 6
99.9
99.9
100.0
104.1 104.1 104.1
92.8 '93.0 '93.2
90.2
91.1
90.2
101.9 101.9 ' 101. 9
103.6 103.8 103.9
100.2 100.3 100. 4
95.9
95.7 '94.7
132.8
132.2 127.6
104. 0 104. 4 ' 105. 0
107.6
107.6 107.6
100.7
100.7 100.7
105.6
105.6 105.6
111. 5
111. 0 112.6
102.9 ' 102. 7
102.5

99.2
92.2

Total manufactures
Durable manufactures _
Nondurable manufactures

_

do
do
__do

Nonmetallic mineral products 9
Clay products, structural
Concrete products.
Gypsum products
Pulp, paper, and allied products
Paper
_.
Rubber and products
Tires and tubes
.

do— do
do
do
do____
do
do
do

101.3
103 .6
101.7
105 .4
99 .2
102.4
93.8
90.1

Textile products and apparel 9 ___._.
Apparel
.
Cotton products..
Mamnade fiber textile products—
Silk products __
.
Wool products
.____: :__

.do
do
do
do—
do
do

100.5
101 .9
100 .3
93.9.
139 .9
100 .9

101.5
104.4
100.9
108.2
99.0
103.6
92.5
89.0
101.2
102. 8
99.6
95.8
117.3
103.0

Tobacco prod, and bottled beverages 9 —do—
Beverages, alcoholic
do
Cigarettes
do
Miscellaneous
do
Toys, sporting goods— —
__ do— -

106.1
101.0
104 .1
110.4
101 .0

107.4
100.7
105.6
109.2
101.0

107.5
100.8
105.6
107.3
101.0

96.6
93.9
94.6
106.2
98.8
104.8
95.2
97.3
101.5
118.4
89.5
98.6
91.1
105.3
81.8
90.8
105.4
108.4
95.5
104.0
100.6
100.7
102.9
113.0
112.4
'96.4
100.5
103.0
91.7
100.5
107.0
101.8
104.6
101.1
108.6
98.7
103:7
91.9
88. 0
101.2
103.3
98.9
95.7
117.0
102.9
107.5
100.8
105.6
109.2
101.2

PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
_. .1957-59=100..
Consumer prices
do

99.7
93.7

99.5
92.5

99.7
92. 4

99.3
92.3

do_—
do
do
do
do— _
do

Machinery and motive prod. 9 __
do
Agricultural machinery and equip.. --.do—Construction machinery and equip.— .do
Electrical machinery and equip
—do
Motor vehicles
do
Metals and metal products 9
Heating equipment
Iron and steel
_
Nonferrous metals

..

do
do
do
;__ do-

-

97.1
97,3
97.5
97.2
97.5
97.6
94.1
94.2
94.6
94.7
94.5
94.8
94.4
94.7
94.6
94.6
94.8
94.7
112.6 116.8 113.4 118.3 118.7
121.2
100.7 100.7 102.3
103.8 104.3
104.3
104.4
104.9 104.8 104.8 105.2
104.4
97.6
98.5
97.9
97.9
97.6
98.1
98.3
98.3
98.0
97.3
94.6
98.2
101.4
101.1 100.8
100.8
100.8
101.3
123.1
124.1 124.1 122.5
124.0 121.4
95.2
93.9
94.0
93.3
94.1
94.0
98.5
98.3
98.2
98.3
98.4
98.0
90.2
90.0
90.0
90.7
89.4
90.6
106.0 106.0
105.6
106.0
105.7 106.1
81.1
81.3
81.1
81.1
81.1
.81.3
89. 7
88.9
88.9
88.9
.91.1
90.0
105.5 105.4 104.9
105.1 105.7
106.3
109.0 109.0
109.1 109.1 109.1 109.7
86.5
92.1
90.7
90.2
96.3
90.2
103.9 103.9 104.2
103.2
103.6
105.7
99.6
100. 8 100.7
100.5
99.4 100.8
99.2
101.3
101. 0
99.1 100.8 101.4
103.0
103. 2 103. 1 103.3 103.5 103.5
103. 7
112.9 113.8 114.2 114.3
114.4 114. 6 114.6
113.4 113.7 113. 8 114.3
112.4
114.5
115. 0
96.5
96.3
96.3
96.8
96.8
96.7
97.0
100.7 100.7 100.8 100.8
100. 9
100.8
100.8
103.8 104.3 104.7 104. 5 104.6 104.8
105.2
92.2
91.9
91.8
91.3
91.4
91.6
91.9
100.7 100.9 101.1 101.4
101.2
101.3
101.4
110.4
112.0 113. 0 111.5 111.8 112.3 113.4
101.6 101.7 101. 8 101.9
101.8 101.8
101. 9
105.0 105.0
104.8
105.1 105.1 105. 1
104.9
101.1 101. 1 101.1 101.3
101.2
101.2
101.3
106.6 106.6 107.7
108.6 108.6
108.4
108. 1
98.9
99.1
98.9
99.0
99.0
99.5
99.8
103.7 103.7 103.8
104.0 104.0
103.8
103.9
92.2
92.1
92.2
92.3
92.2
92.2
92.3
88.8
88.0
88.0
88.8
88.5
88.5
88.5
101.5
101.5
101.4
101.4
101.5 101.5 101.5
103.2 103.1 103.1 103.1 103.1 103.1
103.3
99.7
99.4
99.5
99.0
99.1
99.6
99.6
96.1
96.5
96.8
96.9
96.1
96.3
96.4
134.5
116.6 117.8 117.4
121.6 135. 5
131. 4
103.1 103.3
102.8 103.4 103. 3 103. 1 103.1
107.8
107.5 107.5 107.5 107. 6
107. 6
107.5
100.7
100.8 100.5 100.5 100.5 100.9
100.6
106.5
105. 6
105.6 105.6
105.6
105.6
105.6
110.3
110.1 108.5 110.7
110.0 109.6
109.5
101.1 ' 101. 2 '101.3 ' 102.1 ••102.2 ' 102. 2 ' 102. 4

107.4
109.7
105.9
104.2
100.4
101.0
103.7
114.7
115.1
97.1
100.8
105.7
.91.6
101.5
115. 2
101.9
105.1
101.3
108.1
100.0
104.0
92.9
89.7
101.6
103.2
99.9
96.0
135.1
103.8
108.1
100.8
107.3
108.9
r
102. 5

98.3
91.5

97.9
91.2

'Revised.
p Preliminary.
1 Monthly averages computed by OBE.
2indexes
based on 1947-49=100 are as follows: Measured by—wholesale prices, 81.8 (Sept.); consumer
prices, 74.1 (Aug.).
cfFor actual wholesale prices of in dividual commodities, see respective




99.3
92.0

99. 3
91.9

99.0
91.8

98.8
91.8

98.7
91.7

98.0
'89.2
106.0
81.1
88.9

97.3
90.8

commodities.
©Goods to users, including raw foods and fuels.
shown separately.

97.2
90.7

r 108. 8

97.2
290.9

97.2
95.0
93.9
108.3
102.5
105.7
99,2
96.5
• 100. 8
124.8
96.4
97.7
88.6
106.2
79.0
88.0
111.3
110.3
124. 9
110.9
101. 8
102,9
103.8
114. 9
115.6
96.6
100.5
106.3
•91.9
101.2
117. 0
101.8
105.6
101.6
101.9
100.1
104.1
93.3
91.1
102.0
104.1
100.6
94.1
134.9
105.1
107.7
100.8
105.6
111.6
103.0

297.1

9 Includes data not

SURVEY OF CURRENT BUSINESS

October 1965

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

Monthly
average

S-9
1965

1964
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACEf
New construction (unadjusted), totalt— . —mil. $_. 5,230

5,485

6,201

6,178

6,076

5,754

5,377

4,682

4,236

4,748

5,132

5,609

6,364

3,655

3,824
2,209

4,223
2,492

4,168

4,089
2,311
1,842
0)

0)

1,670
C1)

3, 070
1,580
1,273
(0

0)

3,713
• 2, 134
1,559
C1)

4,433 ' 4, 484 ' 4, 460
2,630 rr 2, 591 ' 2, 516

C1)

1,910
C1)

3, 316
1,788
1,433
0)

4,045

1,976

3,767
2,076

3,378

1,718
0)

4,000
2,229

1,081

1,147

1,166

1,176

1,178

1,122

1,070

1,048

1,050

1,047

1,108

Private total 9
—— — —
do __
Residential (nonfarm) 9
__do
New housing units
do
Additions and alterations
___— do
Nonresldentlal buildings, except farm and
public utilities, total 9
—.mil. $__
Industrial
. .do
Commercial 9
-- - do
Stores restaurants, and garages
_ do
Public utilities

do

Public, total
—
Nonresidential buildings
Military facilities
Highways
Other types .

.

__._do
..do
. .do
do
do .

2,154
1,672
0)

989

247
433
189
104
383
1,575
462
102

Publi c total 9
Nonresldentlal buildings
Military facilities
Highways
. _ ...

.

. . . . do
...do
do
.....
do. _.

1,660
514
81

579
432

New construction (seasonally adjusted at annual
rates) totalt
-.-mil $ . 2 62,755
43,859
Private total 9
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

275
471
203
102
404

598
468
2

2,405

280
499
224
116
433

289
508
237
110
456

1,978
554
93

2,010
566
95

795
536

816
533

295
519
247
107
469

1,987
568
108

806
505

1,788

307
522
244
101
466

320
483
211
97
447

1,754
495
94

1, 610
493
63

714
451

640
414

327
439
179
94
338
1,366
470
57

439
400

327
425
181
92
324

1,166
450
49

290
377

1,827
1,398

321
436
200
94
379

1,370
490
63

398
419

316
436
201
92
409

1,419
516
66

388
449

2,371
1,728
(')

315
481
233
95
435

1,564
538
77

472
477

' 6, 331 ' 6, 403 6,406

2 019

1,935

(0

0)

1,209

1,294

320
555
286
102
456

330
611
318
109
r

1, 931
584
83

' 1, 331
'342
'624
'315

112

'454

'470

1, 847
'559
78

' 1, 943
'599
(i)

709
501

737
527

4 382
2 424
' 1 998 1 930
(0
0)

717
538

1 347

352
623
306
107
473

2,024
608
(i)

(i)
(i)

65,817

65, 480

65,968

64, 861

65, 153

66, 178

66, 055

66, 881

67, 598

67, 590

67, 572

68 950 '68, 599 '67, 878

45,891

45, 508

45, 571

45,294

45,368

45, 684

46, 333

46, 846

47, 171

47, 544

47, 982

48 616

48 603 '48 136

47 974

26, 507

26, 252

25,934

25, 685

25,638

25, 953

26, 676

26, 713

26, 602

26, 675

27, 070

27 224 ^6 983 '26 510

26 138

11,863 12, 975
2,962
3,303
5,200
5,656
2,268 / 2,434

12, 917
3,361

13, 018

13, 115

13, 190
3,521

13, 034
3,610
5,641

13, 290

13,466

13, 761

14, 047

14, 240
4,012

14, 599

3,127
1,201

25, 843

1,247

1,221

5,493
2,302

3,400
5,587
2,454

5,075

5,207

1,212

1,209
5,181

5,034

19, 785

20, 494

19, 722

20, 035

20, 427

20, 046

19, 590

20 334

6, 212
1,033

6,440

6,319
785
7,010

6, 476
776
7,151

6,300

912
7, 541

6,173
888

6,244

7,396

6,321
887

6,862

20,397

19, 567

6,261
1,068
7,414

6,237

1,217
5,071

18,896

19, 926

19, 972

5,540

6,163
968
7,182

6,123
988

7,262

4,824

1, 212
5,012

1,219
4,761

1,227

2,660

1,209
5, 165

6 574
3, 290
1 196
5 187

1,215

4,850

1,097

3,792
5,662
2,546

3,934
5,903
2,855

5,709
2,600

4,990

4,596

6,948

3,445
5,653
2,543

2,549

756

6,739

7,087

7,583

1,205

3,871
5, 701
1,214

3,997
6,089
3,022

6,254

r

4,040

833
7 546

r

68 529

14, 887 '14,921
4, 073 ' 4, 096
6,826 '6 815
3,336 ' 3, 232
1 186
1 188
' 5, 185 '5 195

15 019
4 145
6 819
3,155
1 186
5* 302

19, 996 '19 742

20 555

' 6, 388 ' 6, 616
(i)
980
7, 156
6 529

6,726
(i)

(i)

CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.): A
Valuation, total
.
mil. $
3,796 3,942
3137
Index (mo. data seas, adj.)
1957-59=100.. 3132
Publtc ownership
mil. $.. 1,221
1,281
2,574
Private ownership _
do
2,661
By type of building:
1,291
1,198
Nonresidential . . . .
do
Residential
...
do
1,709
1, 713
Non-building construction _ . _ _ _
.. do
889
937
New construction:
Advance planning (ENR)§
_.
do
2,770
3,700
Concrete pavement awards:
4
30, 942
Total
thous. sq yds ^30,160
4
1\ 445 45 1, 338
Airports
do
4
22,468
Roads ..
.do
19,
233
Streets and alleys.
.do _. 4 9, 481 4 5 6,395
45742
Miscellaneous
...do

3,760
121

3, 762

131

4,029
136

3,598
154

3 127

3,223
140

4 209

4,770
152

4 864

1,124

3,757
143

1,101

1,174
2, 583

1,230

2,368

1,104

2,023

1,112
2,110

1,348
2 861

1,539
3,231

1,517
3 348

4 625
'139
1,553
3 072

1,750
3 045

4 265
'139
1,313
2 952

1,298
1,306

1 155
1,273

1 060
1,299

1 379
1 877

953

1, 546
2,139
1,086

1 775
2 074
1,015

1 551
2 080
'993

1 691
1 952
1,151

1 507
1 971
'788

3,476

3,322

2,962

4,174

3,215

3,714

2,658

2,638

1,310
2, 719

1,275
1,679

1,228
1,717

1,425
1,702

807

817

902

1,263
1,482
1,012

2,860

3,676

2,900

3,506

994

3,915

137

700

863

2,614

4,013

141

32, 561

31 148

28 931

23, 008

22, 236

22, 835

2,035

4,837
635

6,993
1,039

4 795

149

34 455
1 601
22 421
8 991
1 443

623

880

6,648
870

145

3,915
33 048
' 857
20 692
9' 549

1*950

HOUSING STARTS AND PERMITS0
New housing units started:
Unadjusted:
Total, incl. farm (public and private) .--thous...
One-famlly structures
do
Privately owned
do
Total nonfarm (public and private)
In metropolitan areas... _
Privately owned
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)

do. _.
..do
do

136.7
85.1
134.1

132.6
81.1
129.8

145.7
90.2
142.3

127.4
79.2
124.0

146.1
92.0
144.0

114.6
69.5
112.0

98.3
58.8
96.7

85:6
51.8
81.5

87.9
51.5
85.4

124.9
76.7
120. 7

154.9
100.2
152 2

162.1
102.3
157 5

134.4
95.8
131.8

130.3

143.2
97.5
139.7

125.3
90.6
121.9

143.5
100.9
141.4

112.4
77.7
109.9

96.4
70.4
94 8

84.2
58.8
80 1

87.1
63.4
84 7

123.0
90.7
118 8

152 8
102. 5
150 1

159 8
110.4
155 2

1, 513
1,489

1,445
1,422

1 522
1,495

1 505
1,480

1 610
1 575

1 442
1 417

1 482
1 468

1 489
1 465

1 552
1 532

2 1,286
2 720

1,285
694

1,243
705

1, 236
709

1,256
741

1,195
720

1, 280
734

1,224
713

1,269
711

1,187
677

112

'112

113

113

113

113

113

114

114

114

114

116

116

'117

802
878
888
792

808
887
895
, 800

809
887
897
802

811
892
889
803

811
892
890
803

812
892
890
803

796

797

814
892
917
804

815
901
917
804

815
901
917
804

815
901
917
804

818
901
917
804

820
901
917
804

825
907
917
804

827
908
917
804

120

120

693.2

127.5

do
do

New private housing units authorized by bldg. permits (12,000 permit-issuing places):*
Seasonally adjusted at annual rates:
Total.
thous- 2 1, 335
One-famlly structures._ _
do
2750

r

162.3

r 143. 9

155 5

r 141 3

r 134 1

121 7

159 6

r 141 §

r 114. 3
152 8

'94.0

121 7

r 139 0

' 135 6
92.5
' 132 2

1 516
1 501

1 566
1 539

r i 473
r i 447

' 1 422
r l' 4Q4

1 4.94.
-i 4/V7

1,240
722

1, 254
"no

1,243

'1,217

1,158

'•gag

'93.1

704

' 137. 5
89.4

r AQ9

123.3

R7K

CONSTRUCTION COST INDEXES
Dept. of Commerce composite}:
1957-59=100
109
American Appraisal Co., The:
Average, 30 cities
1913=100— / 780
Atlanta
do....
857
New York
do
858
San Francisco
^
do
761
St. Louis
do „
760
Associated General Contractors (building only)
114
1957-59=100..

785
119

786

786

120

120

788
120

' Revised.
i Not yet available; estimate included in total.
2 Annual total (also for
breakdown
of new construction value).
3 Computed from cumulative valuation total.
4
Quarterly average.
« Prior to 1964, "miscellaneous" yardage was included with data for
roads and streets.
e Effective Jan. 1964, based on 1964 definition of standard metropolitan statistical areas;
not strictly comparable with earlier data.
tRevised series.
Revised monthly data for 1946-Apr. 1964 appear in Construction Reports C30-61 Supplement and C30-65-3 (Bu. of the Census).
9 Includes data not shown separately.
AMonthly averages are based on annual totals
including revisions not distributed to months.
788-423 O - 65 - 4




804

804

804

121

121

121

803

121

810

122

809

123

809

809

124

124

117

124

§ Data for Oct. and Dec. 1964 and Apr., June, and Sept. 1965 are for 5 weeks; other months,
4 weeks. Comparable data prior to 1961 not available.
0 Re visions for Jan.-Apr. 1964 for permits and unadj. starts and for 1959-Apr. 1964 for seas,
adj. starts appear in Census report C20-65-5.
* New series (from Bu. of Census reports, Series C-20). The 12,000 permit-issuing places
covered by these data account for a major portion (about 83 percent) of private residential
building in the United States (1959-63 data for 10,000 places are also provided in Series C-20
reports).
tRevised to 1957-59 reference base; also reflects revision of basic data.

SURVEY OF CUREENT BUSINESS

S-10

1964

1964

1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

Monthly
average

October 1965

Sept.

Aug.

1965

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, Inc.rl
Average, 20 cities:
All type s combined
1957-59 =* 100. . 110.2
11.1. 3
Apartments, hotels, office buildings... -do
110. 2
Commercial and factory buildings
do
Engineering News-Record:
Building
-

-- 1957-59=100-

Bu. of Public Roads—Highway construction:
/~*f\-mr\f\€sti-t\ forrtr f«r nfr "\

19*57— 59 "~" 100

108. 5

113.4
114.6
113.4
111.6

114.2
115.4
114.2
112.3

114.1
115.3
114.1
112.3

114.5
115.7
114.5
112.6

114.6
115. 8
114.6
112.7

114.7
115. 9
114.6
112.7

114.9
116.1
114.8
113.0

115.4
116.7
115.3
113.4

115.5
116.9
115.4
113.6

115.6
117.0
115.5
113.7

116.1
117.5
116.1
114.1

117. 2
118.4
117.3
115.0

118.0
119. 2
118.1
116.0

118.2
119.4
118.3
116. 1

112. 7
118.6

116.1
123.2

116.9
124.7

117.1
124.7

117.0
124.7

117.0
124.8

117.0
124.8

116.9
124.7

117.9
126.0

118.0
126.0

117.8
126.0

117.8
126.0

118.8
127.6

119.1
128.6

119.5
129.5

1 120. 1
1 129. 8

> 101. 0

2102.0

142.9

152.5

102.4

103.8

103.2

106 9

CONSTRUCTION MATERIALSd"
Output index:
Composite, unadjusted 9

1947-49=100..

iron &J*fl -tee i Pro uci_,
imadl
Portland cement 'unadjusted

do
do

163.1
148.4

165.5
159.1

163.8
144.9

141.4
147.9

130.9
152.2
135.9
132.5
155.3

140.7
141.2
175.7

154.2
151.4
183.2

167.0
154.5
225.6

166.8
162.9
214.4

163.9
161.0
217.3

143.7
141.3
186.0

15.8

15.2

.11. 6

9.5

15. 8
176
8.3
88

15.4
174
10.4
121

15.1
183
8.7
112

11.6
194
7.3
118

' 127.0
r 135.

4

r 131.
r 148.

9
9

'164.4 «• 162. 7
' 170. 0 ' 160. 0

159. 6
148.9

171. 2
160.3

158.7
164.2

136.7
131.7
104.9

136.2
138.4
93.4

177.4
171.0
134.8

183.4
159,1
179.4

11.8
202
6.8
113

15.1
203
8.7
124

19.2
184
10.5
110

18.7
190
9.5
95

16.6
183
10.4
109

15.7
155
9.7
93

15.1
168
8.6
92

17.3
184
8.9
89

16.6
187

443.58
199. 82

532. 44
216. 46

541. 38
178. 87

515. 58
182. 49

610. 77
217. 36

646. 67
217. 21

757. 29
244.70

755.77

4,851

4,747

5,219

5,227

5,586

5,793

5,770

165.9 ' 170. 0
155.5 «• 161. 9
' 207. 3
233.2

164.0
149.1
235.9

REAL ESTATE
Mortgage applications for new home construction:
Applications
for FHA commitments 0
FP
thous. units..
Requests for VA appraisals

do

11.7
193
7.1
118

Home mortgages insured or guaranteed by—
Fed Hous Adm * Face amount
- mil. $.. 464. 09 547.77 604. 77 605. 39 650.14 556.64 562. 63 542.46
253. 76 237. 68 245.93 270. 33 275. 73 258. 30 241. 82 225.40
Vet Adm * Face amount§
- do
Federal Home Loan Banks, outstanding advances
«
to member institutions
mil. $.. 4, 784 35,325 4,781 4,837 4,797 4,784' 5,325 4,944
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan :
jiome con i ^
*jo
All other purposes
____do._-_

2,061

2,042

2,164

2,048

2,051

1,791

1,969

1,527

1,541

2,056

2,068

2,022

2,399

' 2, 186

2,194

587
827
648

543
866
633

537
1,025
602

498
970
580

531
893
627

462
770
559

522
784
663

370
638
519

379
638
524

544
824
688

558
850
660

526
861
635

614
1, 099
686

»• 520
1,063
'603

512
1,100
582

3,077
8, 183

3,077
9,052

3,277
8,744

3,281
9,277

3,225
9, 283

2,847
8,654

2,936
8,987

2,422
8,858

9, 113

9,888

10, 259

9, 578

10,248

mil. $.. 117. 13

113.93

99.47

100. 55

106. 11

104. 21

124. 59

136.18

113. 11

138.63

128.48

116. 92

119. 54

130. 52

111. 78

68.7

65.3
66

New nonfarm mortgages recorded ($20,000 and
unuer;,esL

teu

a

Fire losses (on bldgs., contents, etc.)

number

DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas. adj.:t
Combined index
1957-59= 100. .
Business papers
do
M^acazines
do. ._
Newspapers
Outdoor
""
Radio (network) __
Television (network)

do
do
do
do

118
111
127

125
112
136

126
117
140

128
112
138

126
117
139

127
119
136

129
115
141

127
120
140

126
114
142

130
121
144

125
114
139

130
126
144

130
114
144

95

103
89
103
157

96
83
103
161

108
65
95
167

90
114
99
163

101
96
104
161

104
104
112
163

108
58
90
153

103
101
92
149

106
90
101
155

100
82
110
154

100
108
112
155

IOC
99
105
161

88
102
145

Television advertising:
Network (major national networks) :f
Net time costs, total t ...mil. $__ 3264.5
2 22. 7
Automotive,incl. accessories
.....do
Drugs and toiletries _ . _.do_ __ 2 87. 1
2 47 4
Foods soft drinks confectionery
do
Soaps, cleansers, etc
__do _ 2 24. 5
Smoking materials
do
2 32. 6
All other
.
do _ 2 50.3
Spot (natl. and regional, cooperating stations):
Gross time costs, total
._
mil. $__ 2 217 8
Automotive, incl. accessories
do_ __ 2 2 3 1
Drugs and toiletries
do
42. 8
2
Foods, soft drinks, confectionery
do
73 0
Soaps, cleansers, etc..
Smoking materials
All other

do
.. __ _ do .
do. ..

Magazine advertising (general and natl. farm magazines) :
Cost, total
__
mil. $
Apparel and accessories
do
Automotive, Incl. accessories
._
do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do

2

22. 9

2
2

97

61. 2

77 6
4 8

2

223.8
16.1
70.2
42.4

353.6
33.7
109.2
59.1

310.6
21.1
105.7
58.2

280.5
17.5
88.3
56 9

25.8
36.7
57.3

20.1
28.5
46.5

27.7
44.9
79.0

28.8
38.4
58.4

27.9
30.7
59.3

286.5
24.1
90.2
52.4

2
2
2

2
2
2

2

254 0
29.6
48. 2
288 2

223.6

272.8

9.0

8.3

249.6

273 6

2

49.8
92.8

8.8

9.5

43.4
74.4

51.9
90 2

48.1
97 7

224.6
5
70 8

24.2
13 7
58.9

23.6
13.7
84.5

22.3
13 2
63.2

25.9
13 4
79.1

2
12
2

83 1
51

8.5

9.2

2 2
8 0
10 4

23
91
11 2

58.5
60

4.3
1.5
7.4
85

Beer, wine, Hquors
do
27
4 7
4 9
Household equip., supplies, furnishings do
55
3.3
60
Industrial materials __ _ _
do
32
3 7
4 0
7
Soaps, cleansers, etc
_. .
do
10
13
Smoking materials
_ do
3.0
3.0
32
All other.
do
25.8
26.7
18.0
r
Revised.
i Index as of Oct. 1,1965: Building, 120.4; construction, 129.8.
2
Annual average based on quarterly data.
3 End of year.
^Copyrighted data; see last paragraph of headnote, p. S-l.
d* Revisions for 1961—Apr. 1964 will be shown later.
9 Includes data for items not shown separately.




85 7
9 5

8.0

29
84
9 5
4 2

60

4 6
16
32
27.9

114.9
7 6
18.0

103.8
6 3
11.2

80 2
39

11.9
12 9

11.8
13 6

10
10.4
11 1

6
8
6
2

76
82
4 7
2 3
36
32.7

2.6

7
4
3
0

3.8

34.8

1.9

6.1

9 7
53
32

'9

36
25.0

58 8
19
6 5
14
6 3
87

77 2
35

19
32
26
12
2 7
22.5

18
85
11 5

94 1
66
10 9
30
96
12 3

103 4
86
11 9
37
97
11 3

103 7
66
11 0
37
94
11 6

37
30
28
19
31
28.3

4 9
6 0
33
20
34
32.1

61
7 7
4 6
28
34
33.5

59
9 2
49
2 7
36
35.2

91

86 6
2 4

9.0

31

f

9
5.9
2 4

9.8

8.3

12 7

9 4

6 0
61
4 2
14
4 3
27.5

4 6
38
39
17

4.4
1.7
8.0
8.5

32

3.4

31

3.3

1.6
3.5

24.3

21.3

©Monthly data prior to 1963 are on p. 20 of the Feb. 1965 SURVEY.
§ Data include guaranteed direct loans sold; these became sizable after 1962.
JData revised beginning 1961; revisions prior to Mar. 1964 will be shown later.
tRevised series. Data revised beginning 1st qtr. 1963 to reflect net time costs (including
talent, production, and rights); figures for 1st qtr. 1963—1st qtr. 1964 will be shown later.

SURVEY OF CURRENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

S-ll

1964

| 1964

Monthly
average

Aug.

Sept.

Oct.

1965

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

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

_
-

.;

do
do
do
do
do

238.0
62.5

247.8
65.6

238.0
70.5

248.2
64.9

265.0
67.6

276.4
63.7

262.3
54.8

223.8
65.2

214.5
62.5

256.3
71.3

271.8
72.7

286.0
79.9

266.0
75.7

238.7
74.1

261.4
79.1

175.6
12.5
4.9
23.8
134.3

182.2
13.3
5.1
24.4
139.4

167.5
11.8
3.9
17.5
134.4

183.4
15.6
4.4
24.9
138.5

197.4
12.6
5.2
30.1
149.5

212.8
13.1
4.7
30.1
164.8

207.5
9.3
5.0
22.2
171.1

158.6
10.6
7.3
19.3
121.4

152.0
12. 0
4.3
19.8
116.0

185.0
14.3
5.4
24.8
140.4

199.1
16.6
5.7
25.4
151.4

206.0
16.9
5.0
28.5
155.6

190.3
17.3
5.4
24.9
142.7

164. 6.
13.4
5.7
18.2
127.3

182.3
13.3
3.9
18.1
147.1

20,536

21, 802

21, 778

21,313

22,605

21,720

27, 719

20,581

19,608

21,915

23,525

23,820

23,825 '24,129 '23,098

6,675
3,830
3,600
230

7,093
4,041
3,800
240

7,011
3,853
3, 611
242

6,893
3,728
3,503
225

7, 133
3,858
3,614
244

6,813
3,713
3,471
242

8,201
4,370
4,057
313

6,665
4,219
4,032
187

6,664
4,247
4,069
178

7,709
4,958
4,744
214

8,061
5,036
4,780
256

8,225
4,984
4,711
273

8,451 '8,154 '7,590
5,071 '4,800 ' 4, 267
4,793 '4,523 4,008
278
'277
259

i 7, 028
13,661

11,151

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

mil. $.

Durable goods stores 9
__
do
Automotive group _
.do
Passenger car, other auto, dealers . d o _.
Tire, battery, accessory dealers
do
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, TV, radio

do...
do...
do

968
622
346

1,091
705
386

1,111
735
376

1,088
696
392

1,182
776
406

1,169
752
417

1,488
890
598

953
631
322

903
598
305

1,000
665
335

1,000
671
329

1,045
700
345

1, 110
746
364

Lumber, building, hardware group
Lumber, bldg. materials dealersd*
Hardware stores. _ _

do
do
do.

964
743
221

970
738
232

1,052
823
229

1,045
814
231

1,118
871
247

995
743
252

992
643
349

743
553
190

697
528
169

829
636
193

999
759
240

1,118
854
264

1,175 ' 1, 193
920
'937
255
'256

Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores

do_ _
do
do
do
do
do

13,861
1,205
232
466
300
207

14,709
1,297
252
510
316
219

14, 767
1,209
220
463
314
212

14,420
1,289
234
497
323
235

15, 472
'1,376
269
547
345
215

14,907
1,355
273
539
333
210

19,518
2,324
523
924
571
306

13, 916
1,100
231
439
247
183

12,944
181
378
206
152

14,206
1,072
193
448
241
190

15,464
1,411
257
555
323
276

15,595
1,281
248
511
296
226

...do....
do
do
do
do

681
1,506
4,929
4,463
1, 614

715
1,617
5,183
4,689
1,691

708
1,805
5,283
4,780
1,801

701
1,671
5,099
4,612
1,701

724
1,688
5,528
5,031
1,761

689
1,568
5,017
4,546
1,712

966
1,658
5,762
5,208
1,790

716
1,559
5,242
4,786
1,679

692
1,453
4,854
4,405
1,561

731
1,595
5,158
4,684
1,698

736
1,699
5,381
4,886
1,769

749
1,818
5,441
4,926
1,847

744
1,852
5,422
4,902
1,899

2,388
1,390
177
385
472

2,643
1,553
195
431
497

2,591
1,513
195
421
489

2,550
1,519
189
400
475

2,801
1,668
209
430
510

3,021
1,761
262
473
518

5,048
2,977
341
901
770

2,094
1,254
135
311
455

1,998
1,159
147
333
433

2,391
1,418
192
371
448

2,779
1,649
194
456
482

2, 744
1,646
189
442
506

2,682 ' 2, 608 '2,789
1,618 ' 1, 551 '1,661
179
168
207
427
446
'431
493
488
'538

22,266

22, 254

21,383

21,661

22,781

22,900

23,317

22,805

22,865

23,352

7,324
4,259
4,025
234

7,541
4,531
4,301
230

6,496
3,495
3,265
230

6,695
3,685
3,428
257

7,645
4,588
4,344
244

7,855
4,709
4,470
239

7,966
4,855
4,608
247

7,669
4,592
4,352
240

7,550
4,455
4,204
251

7,703
4,538
4,279
259

7,760 '7,922
4,584 '4,720
4,341 '4,474
243
'246

'7,891
4,685
4,429
256

do. _.
do
do

1,094
719
375

1,067
679
388

1,088
703
385

1,098
701
397

1,113
702
411

1,103
748
355

1,081
715
366

1,094
720
374

1, 086
706
380

1,085
720
365

1,107 ' 1, 135
742
'765
365
'370

1,131
747
384

Lumber, building, hardware group __ do ._
Lumber, bldg. materials dealersc?
do
Hardware stores—
do __

938
711
227

966
729
237

983
741
242

982
721
261

1,004
742
262

1,050
805
245

991

970
746
224

968
738
230

1,030
791
239

1,042
808
234

1,020
778
242

do
do
do
do __
do. ..
do....

14, 942
1,363
269
519
351
224

14, 713
1, 285
261
504
314
206

14,887
1,301
259
512
320
210

14,966
1,310
261
517
303
229

15,136
1,300
257
518
299
226

15,045
1,327
258
531
315
223

15,351
1,335
531
320
219

15, 136
1,261
253
613
285
210

15,315
1,253
254
499
295
205

15, 649
1,326
263
519
320
224

do
do
do
do
do ..

722
1,633
5,234
4,743
1,690

734
1,600
5,250
4,755
1,695

739
1,637
5,229
4,736
1,722

724
1,609
5,258
4,774
1,738

731
1,653
5,409
4,913
1,755

734
1,704
5,192
4,714
1,749

745
1,720
5,338
4,841
1,798

748
1,699
5,301
4,809
1,774

760
1,741
5,400
4,910
1,798

749
1,767
5,405
4,904
1,818

758
'776
1,749 '1,814
5,489 ' 5, 546
4,978 '5,015
1,829 '1,835

774
1,801
5,541
5, 012
1,839

General merchandise group 9-...do
Department stores
J
.do ...
Mail order houses (dept. store mdse.) _do
Variety stores
do
Liquor stores
do

2,734
1,630
205
439
494

2,591
1,516
192
427
499

2,664
1,568
198
429
503

2,738
1,580
191
466
509

2,762
1,600
196
442
508

2,832
1,715
193
439
499

2,848
1,712
196
456
515

2,801
1,666
208
454
504

2,781
1,676
197
432
512

1,*753
210
472
525

2,795 ' 2, 912
1,666 '1,757
205
216
462
'467
521
'522

2,885
1,732
207
469
504

30, 181
12, 996
5,517
2,111
2,514

30, 158
12,767
5,212
2,098
2,519

30, 799
12,823
5,220
2,157
2, 521

31,071
12,405
4, 767
2,199
2,510

31, 860
12, 816
5,070
2,238
2,531

30, 181
12, 996
5,517
2,111
2,514

30,486
13,542
5,993
2,110
2,553

31, 298
14, 037
6,372
2,151
2,577

32,913
14, 827
6,904
2,224
2,684

33,384
15, 125
7,073
2,290
2,667

33, 277
15, 240
7,258
2,264
2,667

33, 087
15, 138
7,228
2,259
2,646

32,935
15, 055
7,221
2,216
2,602

32, 738
14, 456
6,543
2,271
2, 574

17, 185
3,488
3,762
5,262
2,829

17,391
3,714
3,617
5,434
2,869

17, 976
3,890
3,703
5,742
3,059

18, 666
3, 999
3,800
6, 152
3,342

19,044
4,040
3,816
6,338
3,466

17,185
3,488
3,762
5,262
2,829

16,944
3,371
3,716
5,218
2,743

17, 261
3,517
3,714
5,416
2,849

18, 086
3,831
3,759
5,749
3,050

18, 259
3,840
3,801
5,798
3,088

18,037
3,769
3,743
5,724
3, 047

17,949
3,690
3,743
5,709
3,011

17,880
3,697
3,703
5,737
3,030

18, 282
3,994
3, 676
5,895
3,130

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

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.), totalt

do

Durable goods stores 9
do _.
Automotive group
j.
do
Passenger car, other auto, dealers
do
Tire, battery, accessory dealers.
_ do
Furniture and appliance group.
Furniture, homefurnishings stores
Household appliance, TV, radio

Nondurable goods stores9
Apparel group
Men's and boys' wear stores..
Women's apparel, accessory stores
Family and other apparel stores.
Shoe stores
Drug and proprietary stores
Eating and drinking places...
Food group
i
Grocery stores
Gasoline service stations..

Estimated inventories, end of year or monthrf
Book value (unadjusted), total
mil. $.- 28, 500
Durable goods stores 9
do
12, 255
Automotive group.
_
do
5,353
1,975
Furniture and appliance group. _
do
Lumber, building, hardware group do
2,316
Nondurable goods stores 9
Apparel group
_.„
Food group
,
General merchandise group
Department stores*

do
16, 245
do
3,380
do.... 3,554
do
4,767
.....do
2,512

' 1, 136 ' 1, 142
'765
765
' 371
377

1

22, 388

1,147
910
237

15,374 '15,975 '15,508 U5,360
1,229 ' 1, 166 '1,193 11,333
260
'229
218
'452
468
461
289
'291
313
212
' 194
201
'764
'2,001
'5,983
'5,427
'1,967

' 750
'1,997
'5,427
'4,891
' 1, 944

i 752
1 1, 777
15,442
i 4, 945
1 1, 790
i 2, 792
U,703

23,331 '23 743 '23,653 123,344

' 1, 049
'804
'245

17,608

15, 571 15,821 '15,762 115,736
1,305 '1,347 i 1,332
254
'260 1 266
517
'527
516
318
'347
338
212
216
'213

Book value (seas, adj.), total
do
29,383 31, 130 30,864 31,263 30, 486 30, 559 31, 130 31, 478 31,635 32, 260 32, 546 32, 823 33, 014 33,088 33, 355
Durable goods stores 9
do
12, 509 13,282 13,363 13, 738 12, 894 12, 874 13,282 13, 635 13, 799 14,220 14, 440 14,707 14, 692 14,744 14, 965
Automotive group
<.
do
5,435
5,584
5,883
6, 214
5,411 5.434
5,584
6,825
7,135
5,818
5,905
6,265
6,442
6,903
6,739
Furniture and appliance group
IldoIIII 2,013 2,154
2,102
2,127
2,123
2,131
2,189
2,276
2,154
2,222
2,240
2,234
2,268
2,270
2,259
Lumber, building, hardware group— doll. I 2,402 2,605
2,509
2,529
2,605
2,570
2,546
2,637
2,632
2,561
2,626
2,579
2,592
2,579
2,589
'Revised.
i Advance estimate.
9 Includes clata not shown £ eparatel
fRev ised seri<3S. Rev ised to ta ke account of ben chmark data froin the 196 2, 1963, a nd 1964
cfC)omprises lumber yards, building materials dealers, and paint, piumbing, and elecjr.
trical stores.
Annua I Survey s of Retail Trade; reviskms throtigh 1962 appear (m pp. 1(5-19 of tlle Dec.
{Revised (back to Jan. 1953) to reflect use of ne^r seasona 1 factors and new adjustm ents
1963 SiJRVEY anid those for Jan. 11963-Majr 1964 on p. 28 of the Sept . 1964 SuRVEY an d p. 3 of
for trading day differences.
Revisions for periods not sh<Dwn her e appear in the July
the Aiig. 1965 SURVEY
1963 Census report, "Monthly Retail Trade Report , Adjust ed Sales, Supplernent."
*Nev7 series; for earlier periods back to Dec. 195 6 see p. 32 of the Apr. 196^[ and p. 3 of the




Aug. 1 965 SUB•VEY.

SURVEY OF CURRENT BUSINESS

S-12
1963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

| 1964

October 1965

1964

Monthly
average

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

18, 344
3,904
3,744
5,920
3, 186

18,390
3,962
3,755
5, 913
3,162

Sept.

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated inventories, end of yr.or mo.§— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil. $
Apparel group
do
Food group _
___do
General merchandise group
do
Department stores*
do
Firms with 4 or more stores:
Estimated sales (unadjusted), total
do
Firms with 11 or more stores :
Estimated sales (unadj ), total 9
do
Apparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
__
_
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores

do
do
do
-do
do
do
do

General merchandise group 9
do _
Dept stores excl mail order sales
do
Variety stores
-do .
Grocery stores
do
Lumber yards bldg materials dealers c? do
Tire battery accessory dealers _ _ __do
Estimated sales (seas adj ) tota!9t

16, 874

3,539
3,568
5,186
2,730

17, 848
3,672
3,796
5, 684
3,039

17,501
3,685
3, 695
5, 448
2,898

17, 525
3,666
3,718
5,463
2,900

17, 592
3,652
3,722
5,517
2,944

17, 685
3,666
3,727
5,597
2,998

17, 848
3,672
3,796
5,684
3,039

17, 843
3,656
3,788
5,718
3,034

17, 836
3,667
3,748
5,737
3,057

18, 040
3,801
3,740
5,794
3, 062

18, 106
3, 810
3,749
5,784
3, 079

18, 116
3,823
3,724
5,782
3,072

18,322
3,872
3,732
5,906
3,156

5,, 813

6,301

6, 230

6,186

6,766

6,566

9, 280

5,735

5, 391

6,099

6,794

6, 694

6,614

r

6, 843

6,643

4,, 857

5,266

5,202

5,133

5,637

5,451

7,734

4,699

4,368

4,972

5,594

5, 507

5,446

r

5, 641

5,450

316
30
134
88
144
104
42

345
32
146
95
158
120
46

329
25
143
91
151
138
47

341
28
140
103
154
129
45

361
36
153
90
160
127
53

367
37
161
91
155
120
54

626
67
272
147
252
123
56

263
28
106
74
149
115
36

225
22
93
65
145
111
37

290
25
124
81
162
126
46

406
36
162
124
167
132
44

349
34
147
97
169
140
48

338
33
138
96
171
144
50

304
28
130
81
177
147
47

328
26
138
88
171
148
49

1,585

1,781
1,113

1,717
1, 079

1,877
1,182

3, 358
2,089

1, 375

1,286

1,580

1,868
1,175

1,863
1,184

1, 790
1, 128

1,930
1, 210

77
93

675
2,332
56
142

2,125

1,952

2,081

48
80

46
74

56
89

345
2,222
67
108

1,833
1, 165

330
2,293
75
104

2,004
1,247
350
1,981
68
102

5,366

5,296

5,309

5,382

5 440

5 367

5 439

5,397

5,470

5, 619

5, 563

369
33
156
103
158
130
48

337
33
142
92
165
125
47

341
33
144
90
167
123
46

349
32
149
100
160
122
47

353
32
148
100
163
122
45

355
33
151
94
159
124
49

347
34
145
92
163
127
46

333
30
143
89
169
128
46

346
36
144
93
177
134
46

352
35
146
96
174
137
47

351
33
145
96
175
138
51

1,755
1,093

1,783
1, 113

1,830
1,147

1,819
1,145

1,897
1, 223

1,870
1,180

1,867
1,164

1,842
1,163

1, 883
1, 171

343

2,133

2,117

2,164

66
103

336
2,045
70
105

325

1,968
1,238

65
106

65
102

66
107

985
295

1, 974

63
91

327
2,075
66
100

do

Apparel group 9
Mien's and boys' wear stores
Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishlngs stores

do
do
do
do
do
do
do _

Total (seasonally adjusted) ©
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts

do
do
do
do
do

320

2,021

75
101

1,830
1,154

General merchandise group 9
- - -do
Dept stores, excl mail order sales
do
Variety s tores
do
Grocery stores
__do
Lumber yards bldg materials dealers d* do
Tire, battery accessory dealers
do
All retail stores, accounts receivable, end of mo.:
Total (unadjusted)
mil. $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do

1,756
1,089

305

1,999

887
229

793
246

994
280

336

2,163

84
115

r
r

328

2,111

90
118

r

r
r

328
2,374
90
117

342
2,036
92
110

5, 654

5,694

358
34
150
94
183
137
49

362
34
148
97
181
139
48

1, 980
1, 251

1,990
1,263

328
2,083
64
100

2,105

115,599 i 16, 929
6, 626
6 885
8, 973 10 044
7,826
8,025
7, 773
8 904

15,519
6,724
8,795
7,502
8,017

15,689
6,833
8, 856
7,555
8,134

15,729
6,799
8,930
7,584
8,145

15,813
6,646
9,167
7, 611
8,202

16,929
6,885
10, 044
8,025
8,904

16,401
6,627
9,774
7,703
8, 698

15, 848
6,474
9,374
7,466
8,382

15, 747
6,430
9,317
7,435
8,312

16,048
6,520
9,528
7, 723
8,325

16, 509
6,732
9,777
7,996
8,513

16, 708 '16,660
7,028 ' 7, 090
9,680 T 9, 570
8,011 r 7, 862
8,697 ' 8, 798

1 14 577 1 15 7Qg
6, 456
6 696
8, 121
9 102
7, 374
7,555
7, 203
8 243

15,626
6, 501
9,125
7,492
8,134

15, 854
6, 678
9,176
7,593
8,261

15 767
6,607
9,160
7,464
8,303

15 731
6,528
9,203
7,462
8,269

15 798
6,696
9,102
7,555
8,243

16 038
6 823
9,215
7,776
8 262

16 381
6/907
9,474
7,874
8,507

16 249
6,784
9,465
7,794
8,455

16 272
6,734
-9, 538
7,782
8,490

16 469
6,745
9,724
7,850
8,619

16 681
6,918
9,763
7,968
8,713

r
!6 765
r

6, 905
' 9, 860
' 7, 872
T
8, 893

16 755
6,817
9,938
7,799
8, 956

Department stores:
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash soles
percent of total sales
Charge account sales
do
Installment sales
_ __ _ do __

327

68
97

325

2,113

63
100

344

2,110

66
106

330

2,174

344

359

2,176

78
109

351

2,190

77
103

351

2,180

77
104

357

2,194

78
111
16,683
7,045
9,638
7,820
8,863

49
17

49
17

48
17

49
17

50
18

50
18

50
18

49
17

48
17

50
18

47
17

48
17

51
18

50
17

49
18

43
39
18

43
39
18

44
38
18

43
39
18

42
40
18

43
39
18

46
38
16

43
36
21

43
38
19

43
39
18

43
39
18

43
39
18

44
37
19

44
37
19

44
38
18

194. 39

194. 58

194.80

EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseasO-- __ _

2

189.42 2 192. 12

192. 36

192. 60

134. 14

134. 40

134. 59

76,971
74, 233
70, 357
4,761
65, 596

78, 509
75, 758
72, 104
5,400
66, 704

76,865
74, 122
70, 805
5,230
65, 575

Unemployed (all civilian workers)
.do
3,876
4,166
Long-term (15 weeks and over).____do_ _. 1,088
973
5.2
Percent of civilian labor force __
57
Not in labor force.thous.. 56, 412 - 57, 172

3,654
790
4.8
55, 891

3,317

3,252
780
4 4
57, 661

mil

EMPLOYMENT
N'oninstitutional population, est. number 14 years
of age and over, total, unadj _____,.
.mil- 132. 12
Total labor force, incl. armed forces
Civilian labor force, total
_._
Employed, total _ . _ _
Agricultural employment.
Nonagricultural emplovment...

_thous_.
.do
do
do
do

75,712
72,975
68, 809
4,946
63, 863

764

4 5
57, 721

193. 29

193. 50

193. 68

193. 85

194. 03

194. 20

134. 77

134. 95

135. 14

135. 30

135.47

135. 65

135. 81

135. 98

136. 16

136. 25

136. 47

136. 67

77, 112
74, 375
71 123
5,126
65, 997

76,897
74, 166
70 793
4 545
66 248

76, 567
73, 841
70 375
3 785
66, 590

75, 699
72,992
68 996
3 739
65 257

76, 418
73, 714
69 496
3 803
65, 694

76, 612
73,909
70 169
3 989
66 180

77,307
74,621
71 070
4 473
66, 597

78,425
75, 741
72 407
5 128
67,278

80, 683
78, 003
73, 716
5,622
68, 094

81, 150
78, 457
74 854
5,626
69, 228

80, 163
77,470
74, 212
5, 136
69, 077

78,044
75, 321
72, 446
4, 778
67, 668

3 373

3 466

3 996
55
59, 603

3 552
3 740
1 019 1,050
48
51
59, 039 58, 504

4 4
57,556

4,287
762
5.5
55,477

3 602

4 7
58, 568

4 218
1,050
57
59, 051

3 335

45
58, 055

55, 102

3,258
612
4.2
56,310

2,875
609
3.8
58, 626

74 409
70 755
4 671
66 084
3 654

74 706
71 004
4 541
66 463
3 702

74 914
71* 284
4 513
66 771
3 630

75 051
71 304
4 595
66 709
3 747

74 944
71 440
4 550
66 890
3 504
'gOO

75 443
71 937
4*958
66* 979
3 506
*696

75 676
72 118
4 659
67 459
3 558

76 181
72 766
4 674
68 092
3 415

75, 772
72 397
4 576
67, 821
3 375

75, 483
72 182
4,405
67, 777
3 301

Civilian labor force, seasonally adj t_
do
74, 255 74, 280 74, 259
Employed, total
~— _ _ _ _
do
70 458 70 465 70 379
Agricultural employment
do
4,817
4 721
4 815
Nonagricultural employment
___do
65, 641 65, 650 65, 658
Unemployed (all civilian workers)
do
3 797
3 815
3 880
Long-term (15 weeks and over).- do
910
924
933
Rates (percent of those in group) :
All civilian workers
51
51
5 2
Experienced wage and salary workers
5,, 5
5.6
4.9
4.9
5'.0
'Revised.
1 End of year.
2 AS of July 1.
§See note marked "f" on p. S-ll.
9 Includes data not shown separately. : *New series; see corresponding note on p. S-ll.
d"Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores fSee note marked "J" on p. S-ll.
^Seasonally adjusted data back to Jan.
1959 are available from Bureau of the Census (Wash , D C 20233)




195. 02

193. 08

192. 85

759

932

802

889

845

823

905

75 377
71 717
4*843
66 874
3 660
*809

804

806

587
4.6

659

705

736

4.4
45
4 7
46
4 5
49
4.0
4.2
4.2
4.' 2
4.7
4.6
4.7
4.3
4.5
4.5
4i 5
©Revisions for May 1960-Dec. 1963 are available upon request.
JRevised monthly data (back to Jan. 1957) appear in the "Monthly Report on the
Labor Force," Jan. 1965, U.S. Dept. of Labor, Wash., D.C., 20210.
4 9

50

4 8

50

4 7

SURVEY OF CURRENT BUSINESS

October 1965
1963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1965

1964

1964

Monthly
average

S-13

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept. P

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):t
Total unadjusted!
- - thous.. 56, 643

58, 188

58,680

59, 258

59, 164

59, 441

59, 938

58, 271

58, 398

58,847

59, 545

60, 058

60,884 '60,749 '61,039 61, 625

17, 005
9,625
. 7,380

17, 303
9,848
7,455

17, 498
9,836
7,662

17, 792
10, 105
7,687

17, 428
9,806
7,622

17, 638
10, 071
7,567

17, 601
10,093
7,508

17,456
10, 045
7,411

17,538
10, 101
7,437

17, 643
10, 162
7,481

17,732
10, 272
7,460

17,826
10,339
7,487

18, 109 '•18,105 '18,302 18, 539
10, 503 ' 10,487 ' 10,477 10, 687
7,606 ' 7, 618 ' 7, 825 7,852

635
80
148
289

635
82
144
289

647
78
143
297

645
80
144
292

644
84
145
288

643
85
145
289

635
84
146
287

619
84
144
282

616
84
143
280

615
84
140
279

623
85
141
278

632
85
139
282

2,983
3,914
772
272

3,106
3,976
758
275

3,482
4,043
770
260

3,391
4,045
761
277

3,376
4,028
755
280

3,273
4,013
747
280

3,053
4,024
748
282

2,837
3,880
728
283

2,756
3,933
726
281

2,865
3,985
730
280

3,020
4,004
736
280

3,245
4,041
741
280

912
201
685
610

949
212
702
612

977
216
716
625

991
217
712
617

984
217
708
610

980
218
710
608

975
220
710
609

939
220
711
607

936
220
713
607

950
222
718
607

957
224
723
610

977
226
727
611

1,018
229
735
625

Wholesale and retail trade
____do..~- 11,803
Wholesale trade
do
3,119
Retail trade
_ _ _ do
8,685
Finance, insurance, and real estate
do
2,873
Services and miscellaneous
do 8,230
Government
do
9,199

12, 188
3,220
8,969
2,944
8,533
9,502

12,201
3,266
8,935
2,998
8,676
9,135

12, 243
3,258
8,985
2, 972
8,661
9,509

12, 341
3,269
9,072
2,961
8,676
9,710

12, 518
3,272
9,246
2,958
8,608
9,790

13, 166
3,298
9,868
2,957
8,585
9,917

12, 275
3,254
9,021
2,949
8,515
9,740

12, 209
3,252
8,957
2,960
8,564
9, 822

12,262
3,260
9,002
2,973
8,623
9,881

12, 517
3,272
9, 245
2,985
8,754
9,910

12, 528
3,286
9,242
3,002
8,859
9,925

12, 665
3,335
9,330
3,034
8,964
9,932

156,643 i 58, 188
17, 005 17, 303
9,625 9,848
258
274
596
587
402
389
616
602
1,226
1,172

58, 301
17, 339
9,886
250
595
403
617
1,242

58, 458
17, 449
9,986
248
593
405
620
1,258

58, 382
17, 171
9,702
247
591
407
616
1,253

58, 878
17, 505
9,992
245
595
409
618
1,269

59, 206
17, 622
10,088
242
598
413
620
1,271

59, 334
17, 705
10, 150
243
597
415
623
1,277

59, 676
17, 772
10, 210
242
604
418
623
1,278

59, 992
17, 849
10, 259
242
608
422
628
1,278

59, 913
17,896
10, 311
241
599
423
624
1,280

60, 110
17, 915
10,320
245
595
423
621
1,272

60, 382 '60,602 '60,680
18, 045 '18,156 '18,159
10, 426 '10,524 '10,540
'253
'249
247
'598
'599
594
'423
425
424
'628
629
622
1,326 '1,311
1,304

Manufacturing establishments
Durable goods Industries..
Nondurable goods industries _ __

do
_do
do

Mining total 9
. _
Metal mining
_ _ _ __ ..
Coal mining.Crude petroleum and natural gas

_do
_do
do
do —

Contract construction •_
___do
Transportation and public utilities 9
do
Railroad transportation
_do
Local and interurban passenger transit— do
Motor freight trans, and storage
Air transportation.
_ _ _
Telephone communication
Electric, gas, and sanitary services

do
_do
do
do —

Total, seasonally adjusted!—
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

642
87
139
288

'644
88
137
288

'645
'87
136
'291

630

3,429 ' 3, 502 ' 3, 603 3,513
4,109 -•4,123 ' 4, 137 4,153
750
750
748
255
259
272
' 1, 030

233
'750
'628

1,029
234
751
634

'12,658 '12,677 12, 739
3,392
' 3, 375 r' 3, 399
9,347
' 9, 283 9, 278
3,069 ' 3, 072 "3, 038
' 9, 028 ' 9, 004 8,988
' 9, 619 ' 9, 600 10, 025
60, 806
18, 192
10, 563
258
598
423
628
1,310

Fabricated metal products.
_____do
Machinery
do._
Electrical equipment and supplies— _do

1,153
1,531
1,557

1,197
1,612
1, 549

1,208
1,625
1, 546

1,223
1,643
1,558

1,179
1,644
1,560

1, 213 . 1,232
1,665
1,643
1,588
1,572

1,242
1,672
1,597

1,260
1,674
1,610

1,237
1,687
1,626

1,265
1,691
1,640

1,266
1,699
1,651

1,276
1,716
1,667

Transportation equipment
Instruments and related products
Miscellaneous manufacturing hid

do
do
do

1,609
365
387

1,623
369
400

1,632
369
399

1,667
369
402

1,429
368
408

1,646
371
411

1,671
374
414

1,696
374
414

1,706
378
417

1,733
378
420

1,748
379
421

1,752
378
418

1,770 ' 1, 777 ' 1, 806
'387
'391
385
'431
'422
421

1,808
389
429

Nondurable goods industries
do
Food and kindred products
_do
Tobacco manufactures
_
do
Textile mill products
do
Apparel and related products
do
Paper and allied products
do
Printing, publishing, and allied lnd__do
Chemicals and allied products
do_
Petroleum refining and related ind do
Rubber and misc. plastic products___do
Leather and leather products
___do

7,380
1,744
88
889
1, 284
620
931
865
190
418
351

7,455
1,730
88
897
1,310
630
952
877
187
430
354

7,453
1,726
83
895
1,311
631
954
879
185
435
354

7,463
1,716
82
899
1,317
632
956
881
185
439
356

7,469
1,717
90
899
1,319
634
955
878
187
433
357

7,513
1,737
92
904
1,329
635
956
882
185
436
357

7,534
1,743
88
909
1,333
634
962
885
185
438
357

7,555
1,741
86
914
1,344
635
964
887
184
442
358

7,562
1,734
84
917
1,340
637
967
890
184
450
359

7,590
1,735
85
921
1,347
639
971
894
184
453
361

7,585
1, 712
85
924
1,357
641
973
893
183
458
359

7 595
1,720
85
922
1,361
641
973
895
181
456
361

7,619 ' 7, 632. r'7,619
1, 707
1,708 '1,716
,'78
86,
85
'926
927
923
'
1,
358
'
1,
356
1,382
;
,648
'650
643
'983
985
978
912
'908
901
'184
185
183
'465
'460
457
'359
358
359

7,629
1,710
74
929
1,367
647
983
911
184
463
361

Mining
do
635
634
634
638
635
Contract construction
do
3,103 3,080
3,106
2,983 3,106
Transportation and public utilities
.do. __ 3,914 3,976
3,999 4, 005 3,996
Wholesale and retail trade
do \
11, 803 12, 188 12, 231 12, 229 12, 278
Finance, Insurance, and real estate
do
2,960
2,964
2,951
2,873 2,944
Services and miscellaneous
do
8,230 8,533 8,573 8,592 8, 633
9,502
Government
do
9,509
9,471
9,596
9,199
Production workers on mfg. payrolls, unadjusted :f
Total, unadjusted f. ._
thous.. 12, 558 12, 808 12, 966 13, 280 12, 915
Seasonally adjusted
do
12, 847 12, 956 12, 661
Durable goods industries, unadjusted _ _ do
7,030 7,238
7,211
7,190
7,490
Seasonally adjusted
do
7,279
7,089
7,377
Ordnance and accessories
do
116
107
103
104
103
Lumber and wood products
do_
533
525
561
543
555
Furniture and fixtures. _ _ _ _ _ _
do
334
323
341
344
347
Stone, clay, and glass products.do
496
484
519
519
511
Primary metal Industries
___do
998
947
1,009
1,027
1,013
456
424
Blast furnaces, steel and rolling mills do
470
470
476
Fabricated metal products
do
920
884
931
961
918
Machinery...
_
do
1,121
1,059
1,142
1,132
1,118
1,040
Electrical equipment and supplies ._ .do
1,037
1,037
1,068
1, 075
Transportation equipment 9
do
1,133
1,113
1,027
1,186
964
Motor vehicles and equipment
do
593
577
642
495
427
Aircraft and parts
..do.!...
338
348
328
336
334
234
Instruments and related products
do
232
237
235
234
320
Miscellaneous mfg. Industries
do
311
331
345
351
Nondurable goods industries, unadj____do-___ 5,528 5,570
5,790
5,755
5,725
Seasonally adjusted
do
5, 568
5,572
5,579
Food and kindred products. _ _ _
do
1,161 1,144
1,262
1,272
1,224
Tobacco manufactures.
do
76
76
82
91
95
Textile mill products
_
do
802
796
808
811
811
1,164
Apparel and related products
_._ _do
1, 139
1, 194
1, 196
1,189
Paper and allied products
do
493
488
499
501
499
Printing, publishing, and allied ind. _do_
591
602
603
610
610
Chemicals and allied products.
do.
,
525
532
529
532
525
Petroleum refining and related Ind"_~dol~~~
120
116
118
118
116
Petroleum refining
do
96
92
92
91
91
Rubber and misc. plastic products. __do.~ II
322
332
337
342
345
Leather and leather products
do
309
320
311 1
315
313
' Revised.
*> Preliminary.
i Total and components a re based on unaiijusted iata.
{Beginning with the Dec. 1964 SURVEY, data for e mploym ent, hou rs, earnir gs, and abor
turnover reflect adjustments to Mar. 1963 benchma rks. Th e revision affects data ba 3k to
Apr. 1962 for most series, back to Apr. 19,57 for total and Gov eminent employrnent, an<I, for

639
3, 162
3,997
12, 311
2,970
8,634
9,660

637
3,244
4,020
12,362
2,975
8,654
9,692

633
3,235
3,939
12, 447
2,979
8,689
9, 707

635
3,281
3,997
12, 532
2,987
8,730
9,742

633
3,304
4, 042
12,622
2,997
8,754
9,791

629
3,186
4.044
12, 563
2,997
8, 763
9,835




630
629
3,220
3,207
4,057 4,068
12, 636 12, 673
3, 005- 3,013
8,814
8,797
9,919
9,864

1,286 ' 1, 281 1,281
1,749
' 1, 739 ' 1, 742
' 1, 681 ' 1, 680 1 1,690

'638
' 3, 178
' 4, 074
'12,710
3,018
' 8, 886
' 9, 942

619
'631
' 3, 211 3,191
' 4, 092 4,112
r 1 o 7no
12, 724
' 3, 024 3,026
'8,897 8,917
' 9, 958 10, 025

13,176 13, 254 13,486 '13,440 '13,628 13, 875
13, 125 13, 082 12, 941 13, Oil 13, 108 13,318
13, 321 13, 428 ' 13, 518 U3, 524 13, 546
12, 993 13, 099 13, 168 13, 227 13,298
7,619
7,674
7,808 ' 7, 763 ' 7, 746 7,959
7,523
7,421
7,471
7,454
7,467
7,649
7,644
7,731 ' 7, 814 ' 7, 828 7,840
7,615
7,518
7,467
7, 376
7,570
112
'105
103
99
102
100
100
102
101
103
101
'562
558
'559
518
557
533
511
502
521
534
507
360
'358
349
349
351
346
346
341
344
342
346
526
'527
523
498
506
517
484
489
473
506
474
1,074 ' 1, 070 1,071
1,061
1,061
1,080
1,053
1,032
1,035
1,026
1,045
499
503
494
502
490
487
478
477
473
483
1,009
'992
'988
972
982
999
941
954
950
946
958
1,197
1,213 '1,212 ' 1, 206 1,221
1,199
1,164
1, 191
1,159
1,130
1,173
1,
177
'
1,
147
'
1,
134
1,108
1,115
1,137
1,100
1,092
1,088
1,086
1,092
1,241 ' 1, 171 1,306
1,248
1,261
1,268
1,223
1,237
1,215
1,192
1,222
'594
'682.
686
694
700
672
666
683
643
675
362
'356
351
339
341
343
336
336
336
335
330
253
'250
248
240
238
246
237
240
238
238
238
366
' 358
'332
329
332
•339
322
306
325
347
315
' 5, 882 5,916
5,678 ' 5, 677
5,580
5,520
5, 585
5,557
5,611
5,544
5,671
X
5,706
696
5,677
5,697 ' 5, 704 ' 5,
5,632 •5,650
5,669
5,683
5,657
5,617
!
1,072
1,113 ' 1, 166 ' 1 , 244 1,266
1,052
1,081
1,131
1, 059
1,168
1,057
82
75
62
62
62
74
80
63
65
70
85
837
'835
821
822
831
809
822
805
818
813
811
1,240
1,192
1,217 ' 1, 174 ' 1, 236
1,170
1,191
1,181
1,215
1,200
1,195
512
'511
505
496
506
496
496
490
494
490
499
629
'624
'619
618
615
615
615
607
614
612
611
548
552
548
544
545
528
546
529
540
532
527
116
117
117
112
115
112
111
110
112
110
113
90
'90
'90
90
88
89
89
88
89
89
88
366
'363
'350
355
352
342
351
342
350
347
343
320
'324
314
312
317
1
308
313
317
318
317
317
that
season ally adju sted data , all series beginning Jan. 1953 with only mirlor revisions prioritoEarntime, Revisioiis not sh own are available in BLS Bulletin 1312-2, Employinent an
ings SI.atistics : or the United Sfoites, 1909-64, $3.5(), GPO, Wash., I>.C., 20402.
9 In eludes dtita for in dustries ilot shown separa tely.

SURVEY OF CURRENT BUSINESS

S-14
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963 | 1964

Monthly
average

October 1965

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.*

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States __. _
—
____thous~
Wash., D.C., metropolitan area
-do

2,290
243

C 2,299

244

2,322
245

12,452
1247

2,293
245

2, 289
245

2,295
246

2,306
246

2,308
246

2,342
255

2,375
258

2,376
256

684
76.3

678
76.4

671
77.0

669
77.0

644
71.3

642
71.7

'644
'72.4

'649
'73.0

656
73.1

* 663
73.1

?653
"73.5

*665
*>74.0

656
74.2

158.8
126.4
96.7

147.8
130.9
95.6

155.6
125.4
98.6

142.6
129. 4
97.9

133.3
132.1
96.0

120.2
129.3
93.1

115.6
130.2
91.5

123.5
132.5
91.9

129.8
131.7
93.9

149.0
134.7
98.6

157.2 ' 163. 0
171.5
137.7 r 136. 0 ' 137. 2
100.2 r 100. 1
101.6

141.9

40.7
40.5
3.5
41.5
41.4
3.7

40.7
40.5
3.3
41.3
41.2
3.4

40.9
40.9
3.3
41.6
41.6
3.5

41.4
41.2
3.6
42.3
42.0
4.0

40.9
41.4
3.3
41.7
42.2
3.6

. 40.9
41.3
3.3
41..7
42.0
3.7

41.2
41.4
3.5
42.1
42.3
3.8

40.7
40.9
3.1
41.6
41.7
3.4

41.2
41.1
3.5
42.1
41.9
3.9

41.3
41.0
3.6
42.2
41.9
4.0

41.0
40.9
3.4
41.6
41.6
3.7

41.0
40.9
3.5
41.6
41.6
3.7

41.1
40.9
3.7
41.9
41.8
3.9

2,328
239

2,317
244

2,326
247

Railroad employees (class I railroads) : 0
714
Total
- - do
Index seasonally adjusted
__ 1957-59 =100-- * 77. 4

683
2 75. 8

695
76.3

124.6
117.9
90.9

134.7
124.7
93.5

c

INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) !_1957-59= 100..
Manufacturing (production workers)t
do -Mining (production workers)!
-do
HOURS AND EARNINGS!
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted :f
All manufacturing estab., unadj.f
hours..

40.5

40.7

do
..do —

2.8
41.1

3.1
41.4

2.9

3.3

40.9
40.8
3.3
41.5
41.5
3.5

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 and rolling mills. do

41.0
40.1
40.9
41.3
41.0
40.0

40.4
40.0
41.1
41.5
41.8
41.1

40.1
40.9
41.9
42.1
41.8
41.2

40.0
40.0
41.3
41.6
42.7
43.0

40.6
40.3
42.0
42.1
41.5
41.1

40.6
39.5
41.8
41.6
41.8
41.1

41.2
39.6
42.5
41.3
42.4
41.5

41.2
39.8
40.9
40.7
42.3
41.7

41.0
39! 5
41.4
40.7
42.3
41.3

41.3
40.0
41.4
41.0
42.5
41.6

41.0
40.2
40.7
41.1
44.0
45,7

41.6
41.1
41.0
42.3
42.3
41.3

41.7
40.6
41.4
42.2
42.6
41.8

'42.0
'40.5
'40.9
42.2
'42.3
'42.0

'41.4
'41.2
'42.0
'42.3
'41.8
40.8

41.6
41.0
41.8
41.9
41.9

Fabricated metal products
Machinery
- Electrical equipmentand supplies

do
do
do

41.4
41.8
40.3

41.7
42.4
40.6

42.0
42.2
40.6

41.8
41.9
40.6

41.6
41.8
40.9

42.0
42.5
41.0

42.5
43.3
41.6

41.7
42.9
40.9

41.9
43.0
41.0

42.3
43.4
41. 1

41.4
42.4
40.2

42.3
43.3
41.0

42.4
43.3
41.1

'41.7
'42.8
'40.3

'42.0
'42.5
40.7

42.0
42.6
40.9

Transportation equipment?
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. Industries

do
do
do
do
.do

42.1
42.8
41.5
40.8
39.6

42.0
43.0
41.1
40.8
39.6

41.6
42.5
40.9
41.1
40.0

42.3
43.9
40.9
41.1
39.3

40.9
41.1
41.1
41.1
40.1

42.3
43.1
41.3
41.4
40.0

44.0
46.3
41.5
41.6
40.3

43.1
45.1
41.3
41.1
39. 5

42.7
44.4
41.0
41.2
39.8

43.2
45.1
41.3
41.3
40.0

42.2
43.6
40.7
40.3
39.2

43.1
44.6
41.5
41.6
39.7

43.0
44.5
41.7
41.7
39.8

42.0
'42.9
'41.6
41.2
39.3

'41.2
'41.5
'41.4
'41.3
'40.1

43.0

39.6

39.7

2.7
40.9
38.6
40.6
36.1
42.7

2.9
40.9
38.8
41.0
35.9
42.8

40.1
39.7
3.1
41.2
38.9
41.3
36.7
43.3

39.6
39.4
3.2
41.4
39.3
39.9
35.0
43.1

40.0
39.9
3.1
41.3
40.8
41.6
36.1
43.2

39.9
40.0
3.0
41.1
38.3
41.9
36.3
42.4

40.2
40.0
3.1
41.4
40.6
42.1
36.2
43.2

39.7
40.1
2.8
40.8
37.5
41.5
36.0
42.6

39.8
40.2
2.9
40.3
37.2
41.7
36.6
42.6

40.0
40.2
3.0
40.4
37.2
41.8
37.1
42.9

39.4
39.8
2.7
40.1
35.6
41.0
35.6
42.1

40.0
40.0
3.1
40.9
37.2
41.6
36.5
42.9

40.1
39.8
3.1
41.1
37.8
41.9
36.6
43.2

40.1
39.8
3.1
'41.8
37.6
41.3
36.5
43.0

40.3
39.9
3.2
'41.4
'37.9
'41.9
'36.9
'43.3

40.1
39.9
3.4
40.9
39.1
41.7
36.2
43.2

38.3
41.5
41.7
41.4
40.8
37.5

38.5
41.6
41.8
41.4
41.3
37.9

38.7
41.3
42.1
41.3
41.9
38.5

38.7
42.1
43.1
42.5
41.8
37.2

38.7
41.5
41.7
40.9
41.6
37.5

38.4
41.7
41.7
41.5
41.3
37.7

39.0
41.8
41.7
41.6
42.1
39.0

38.2
41.5
41.3
41.3
41.9
38.3

38.3
41.6
40.8
40.7
41.9
38.4

38.6
41.8
41.5
41.1
42.0
38.2

38.3
42.4
42.4
42.5
40.8
37.0

38.5
42.2
42.4
41.9
41.6
37.9

38.5
42.0
42.4
41.6
42.1
38.3

38.3
'41.6
'42.8
41.8
41.7
38.6

'38.7
'41.7
'42.7
'41.9
'42.3
38.2

38.7
42.6
43.4
42.9
42.0
37.8

41. 5
41.2
"38.8
42.1

41.7
41.6
«39.0
42.0

42.1
41.2
39.7
41.6

41.3
41.8
37.5
41.6

42.4
41.6
40.4
42.2

42.0
41.5
40.1
41.9

41.9
42.6
40.6
41.8

41.4
41.7
39.6
42.1

41.0
41.4
39.5
41.2

41.4
41.6
39.3
41.8

41.5
41.6
39.1
41.6

42.5
42.2
40.0
42.3

42.6
42.0
41.0
41.7

'42.4
'42.2
'42,2

43.0
41.8
41 0
42.5

do
do
___ do
do

37.3
36.0
41.3
36.5

37.2
35.9
41.0
36.5

38.6
36.9
43.2
37.6

36.6
35.3
39.9
35.9

38.4
t9
8
37.5

36.9
35.6
40.6
36.2

36.8
35.8
38.8
36.8

36.3
35.5
39.1
35.9

35.6
34.9
36.9
35.7

36.6
35.7
39.0
36.4

36.7
35.6
39.6
36.3

38.3
37.0
41.9
37.7

38.0
36.5
41.7
37.3

38.6
'37.2
42.8
37.6

39.0
37.5
43.5
37.9

Transportation and public utilities:
Local and suburban transportation
do
Motor freight transporatlon and storage-do
Telephone communication
do
Electric, gas, and sanitary services
do
Wholesale and retail trade §
do
Wholesale trade
_ do
Retail trade § .
do

42.1
41.6
40.0
41.2
38.6
40.6
37.8

42.0
41.7
40.1
41.2
38.4
40.7
37.4

42.2
42.3
40.2
41.0
39.0
40.8
38.2

41.8
42.2
41.8
41.2
38.3
40.6
37.3

42.0
42.3
40.8
41.6
38.2
40.7
37.2

41.9
41.6
41.3
41.2
38.0
40.9
36.9

41.6
42.2
40.4
41.4
38.6
41.1
37.6

41.3
41.1
39.9
41.3
38.0
40.6
36.9

41.4
41.3
40.1
41.2
38.0
40.5
36.9

41.4
41.6
39.4
41.0
38.0
40.7
36.8

41.6
41.2
39.8
41.3
38.1
40.6
37.1

42.5
41.8
40.1
41.3
38.1
40.9
36.9

42^6
42.5
39.9
40.9
38.4
40.9
37.3

' 42/4
'42.5
'40.6
'41.1
'38.9
'41.0
37.9

42.6
43.0
40.5
41.1
38.8
41.0
37.8

Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plantscf.do

39.0
39.0

38.6
38.7

39.4
38.7

38.0
38.5

38.1
39.1

37.6
38.6

37.7
38.9

37.7
38.5

37.8
38.3

37.7
38.5

37.4
39.4

37.1
39.5

37.0
39.2

'39.2
39.0

39.1
38.7

Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments!
dollars- 99. 63
Durable goods industries.. _
do
108. 50
Ordnance and accessories...
do .. 119. 31
Lumber and wood products
do
81.80

102. 97
112. 19
121. 60
85. 60

103.07
112. 47
121. 10
89.98

104. 60
114. 13
121. 60
88.00

102. 97
111. 51
123. 83
87.85

104. 70
113. 57
124. 24
84.53

106. 81
117. 17
126. 48
83.95

105. 93
115. 51
126. 48
82.78

105. 93
115. 51
125. 87
84.53

107. 12
117. 04
127. 20
86.40

105.82
115. 65
125. 46
87.23

107. 53
117. 88
128. 13
90.83

108. 21 107. 01 106.60
118. 16 116. 06 '115.23
128. 44 ' 130. 20 '128.75
90.54 ' 90. 32 ' 92. 29

Average overtime
Durable goods industries.

Nondurable goods Industries, unadj
Seasonally adjusted
Average overtime
.
Food and kindred products
Tobacco manufactures - Textile mill products
Apparel and related products
„
Paper and allied products. _

do
do
do
do
do
do
do
do

Printing, publishing, and allied hid
do-..-Chemicals and allied products..
__do
Petroleum refining and related ind
do.-_Petroleum refining
do \
Rubber and misc. plastic products
_do..—
Leather and leather products
do
Nonmanufacturing establishments:!
Mining?
Metal mining
Coal mining
.
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction
Special trade contractors

Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries.

do
do
do
do
__

41.1
41.5
40.2

108. 09
117. 74
129. 79
93.07

do
do
do

81. 80
102. 42
124. 64

84. 26
105. 83
130. 00

85. 48
107. 78
130. 00

85. 49
107. 33
136. 21

86.94
108. 62
129. 48

86.53
107. 33
130. 83

88.40
106. 14
133. 14

84.66
104. 19
133. 25

86.53
104. 60
133. 67

86.53
106. 19
134. 73

84.66
107. 27
140. 80

85.69
110. 83
134. 09

86.94 ' 85. 89 ' 89. 04 89.45
110. 99 11.0.99 '111.25 111.45
135. 89 '135.36 '132.51 133. 66

Fabricated metal products
do
Machinery
do
Electrical equipment and supplies. _ _ _ _ d o

108. 05
116. 20
99. 14

111. 76
121. 69
102. 31

112. 98
121. 11
102. 31

112. 86
120.67
102. 72

110. 24
120. 38
103. 48

112. 98
122. 83
103. 73

116. 03
126. 44
106. 50

113. 42
125.27
104. 70

114. 39
125. 56
104. 96

115. 48
127. 60
105. 63

113.44
123.81
103. 31

116. 75
127. 74
106. 19

117. 02 '114.68 '115.50
127. 74 '125.83 '124.95
106. 45 '104.38 '105.41

Transportation equipment
__
do
126. 72 130. 20 129. 38 133.67 125. 15
Instruments and related products.
do
101. 59 103. 63 103. 98 104. 81 105. 22
Miscellaneous mfg. industries
.do
80.39
82.37 82.80 . 81.35 83.41
'1 Revised.
? Preliminary.
« Average for 11 months.
Includes Post Office employees hired for the Christmas season; there were about 138,000
such employees in the United States in Dec. 1964. 2 Based on unadjusted data.
©Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
more annual railway operating revenues). The index (back to 1963) has been adjusted for
comparability, whereas the number of employees has not.

132. 82
106. 40
83.20

140. 80
107. 74
85.44

137. 49
106. 45
84.53




116.34
126. 10
106. 34

135. 79 138. 24 134. 20 137. 92 137. 60 133. 56 '130.60 138.46
107. 12 107.38 104. 38 108. 16 109. 25 107. 53 '107.38 108. 32
84.77
85.20 83.10
84.10 ' 85. 01 85.63
84. 56
85.17
!See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
§Except eating and drinking places.
cf Beginning Jan. 1964, data relate to nonsupervisory workers and are not comparable
with the production-worker levels for earlier periods.

SURVEY OF CURRENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

Monthly
average

S-15

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.p

EMPLOYMENT AND POPULATION— Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.t— Con.
All manufacturing establishments!1— Continued
Nondurable goods industries _ _ dollars
Food and kindred products
_do
Tobacco manufactures
do
Textile mill products
_ f .do
Apparel and related products.
do

87.91
94.48
74.11
69.43
62.45

90.91
97.75
76.44
72.98
64.26

91.83
97.23
75.47
73. 10
66.06

91. 87
98.53
73.10
71.82
63.00

92.00
97.88
73.85
75.71
64.98

92.17
98.64
74.30
76.68
65.70

93.26
100.19
82.42
77.04
65. 16

92.50
99.55
76.88
75.95
65.16

92.73
98.74
77.75
76.73
66.61

93.60
98:98
79.61
76.91
67.52

92.20
99.05
78.32
74, 62
63.72

94.00
101. 02
81.47
76. 54
65.70

94.64 ' 95. 11
94.24
101. 11 ••101.57 ' 99. 77
83.16
83.10 ' 78. 45
77.10
77.23 ' 79. 19
66, 61
66.43 '67,53

do
do
do___.
do
do
do

105. 90
110. 69
112. 88
131. 77
100. 78
66.00

109. 57
114. 35
116. 48
133. 76
104. 90
68.98

111. 71
114. 55
116. 47
133. 88
107. 26
70.46

112.06
116.10
120. 41
140. 51
108. 26
68.45

111. 89
116. 10
117. 45
133. 86
106. 50
69.00

109. 82
114. 82
118. 01
134. 69
105. 73
69.37

112.32
117. 39
118. 71
135.53
109.04
71.76

111. 19
114. 60
117. 86
133. 81
108. 52
71.24

111. 19
115. 67
118. 14
131. 78
108. 52
71.42

111.97
116. 96
118.29
134.46
108.78
71.43

109.46
115. 67
120: 42
139. 07
104.45
69.56

112. 40
117. 04
120. 27
137. 80
107.33
71.25

114. 05
117. 43
120.54
137.80
109.46
71.62

114.38
'•116.82
'120.22
'139. 10
'109.25
71.80

'114.75
'118.81
'120.51
'138.78
'110.83
>71.82

do
do
do
do

114. 54
118. 66
119. 98
112.41

118. 01
122.72
126. 88
113. 40

119. 56
121. 95
131. 01
112.32

118. 53 122. 11
125. 40 124. 38
124. 50 133. 72
113. 57 116. 05

121. 38
124. 50
134. 34
115. 64

121.09
127.80
135.20
114.53

120. 89
124. 68
135. 83
116. 20

119. 72
123. 79
135. 88
113. 30

120.47
124.38
134.41
114.95

121. 18
125. 63
134. 50
115. 65

124. 95
127. 87
138. 40
118.44

124. 82
127. 26
142.68
115. 51

'124.23
'128.71
'134.46
'117,32

126. 85
128,33
142. 68
118.15

do
do
do
do

127. 19
117.36
128. 03
133. 59

132. 06
122. 06
132. 02
138.34

136. 64
125. 46
140. 83
142. 13

131. 03
121.79
130. 87
137. 14

138. 62
127. 67
142. 52
144. 38

131. 36
122. 11
129. 92
138. 28

133. 22
123.87
126.10
142.42

131. 41
121. 77
125. 12
139. 29

131. 01
122. 15
122. 14
139. 23

133. 59
124. 59
125. 97
141. 96

132. 12
123. 18
125. 93
140.48

139. 80
128. 76
138. 69
147.41

138. 70
127.02
139. 28
146. 22

'140.50
'129.08
'142.52
'147.39

143. 13
131. 25
147. 90
149. 33

101. 88
117.31
102. 40
121.54

104. 58
122. 18
105. 06
125. 66

105. 50
124. 79
104. 52
125.05

104. 92
124.07
109. 10
126.90

105. 42
124. 36
108. 12
128.96

105. 59
122. 72
109. 86
128. 54

104.83 104. 49
125.76 121. 25
108. 68 106.53
129. 58 129. 27

104. 74
123. 49
107. 07
129. 78

105. 16
125.22
105. 20
128. 33

106. 91
123. 60
106. 66
130. 10

109.23
126.65
107.87
130. 51

109. 48
127. 50
107. 33
129. 24

'109.39
'127. 50
'108 40
'129.88

110. 33
129.00
108. 54
130. 29

77.59
99. 47
68.04

79.87
102. 56
69.94

81.12
102. 82
71.43

80. 43
103. 12
70.50

80.22
103. 38
70.31

79.80
104. 70
69.74

79.90
104.81
70.31

80.56
103. 94
70.85

80.94
104. 09
70.85

80.94
105. 01
70.66

81.15
104.75
71.60

82.30
106. 75
71.96

82. 56
106. 34
72.74

' 84. 02
106. 60
74.28

83.81
106.60
73.71

74.97
96. 21

76.67
92.12

76.50
92.15

76.43
92.15

77.21
92.60

77.58
93.23

77.58
93.04

78.54
94.27

79.08
94.73

78.70
94.18

79.24
95.08

78.86
95. 39

78. 44
94.84

'79.24
' 95. 49

79. 24
95.40

47.58
51.87

48.64
55.73

47.67
55.73

48.26
56.21

49.53
57.48

49.26
56.36

50. 14
57.18

49.76
56. 60

49.52
56.30

49.76
46.98

48.99
59.10

50. 09
60.04

48.47
59.58

'49.78
' 59. 28

49.66
58.44

Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:t
All manufacturing establlshmentsf
dollars-Excluding overtimecf. .do
Durable goods industries
.do
Excluding overtimed*
do

2.46
2.37
2.64
2. 54

2.53
2.44
2.71
2.61

2.52
2.43
2.71
2.60

2.57
2. 46
2.75
2.63

2.53
2.43
2.70
2.59

2.56
2.46
2.73
2.62

2.58
2.48
2.77
2.64

2.59
2.49
2.77
2.66

2.59
2.49
2.77
2.66

2.60
2.49
2.78
2.66

2.60
2.51
2.78
2.67

2.61
2.50
2.80
2.67

2.62
2,51
2.80
2. 67

2.61
2.51
2.79
2.67

2.60
2.49
'2.77
2.66

2.63
2.52
2.81
2.68

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 and rolling mills.do

2.91
2.04
2.00
2.48
3.04
3.36

3.01
2.14
2.05
2.55
3.11
3.41

3.02
2.20
2.04
2.56
3.11
3.40

3.04
2.20
2.07
2 58
3! 19
3.52

3.05
2.18
2.07
2.58
3.12
3.43

3.06
2.14
2.07
2.58
3.13
3.42

3.07
2.12
2.08
2.57
3.14
3.43

3.07
2.08
2.07
2.56
3.15
3.44

3.07
2.14
2.09
2.57
3.16
3.44

3.06
2.17
2.08
2.61
3.20
3.48

3.08
2.21
2.09
2.62
3.17
3.43

3.08
2.23
2.10
2.63
3.19
3.46

3.10
'2.23
2.10
2.63
3.20
3. 47

3.11
'2.24
'2.12
2.63
3. 17
3.43

3.12
2.27
2.14
2.66
3.19

Fabricated metal products
.
Machinery.
. _
Electrical equipment and supplies
Transportation equipment 9 —
Motor vehicles and equipment
Aircraft and parts
_
Instruments and related products
Miscellaneous mfg. industries

do
do
do
...do
do
.do
do
.do.. ..

2.61
2.78
2.46
3.01
3.10
2.95
2.49
2.03

2.68
2.87
2.52
3.10
3.21
3.05
2.54
2.08

2.69
2.87
2.52
3.11
3.24
3.06
2.53
2.07

2.70
2.88
2.53
3.16
3.28
3.07
2.55
2.07

2.65
2.88
2.53
3.06
3.12
3.09
2.56
2.08

2.69
2.89
2.53
3.14
3.23
3.09
2.57
2.08

2.73
2.92
2.56
3.20
3.32
3.11
2.59
2.12

2.72
2.92
2.56
3.19
3.31
3.11
2.59
2.14

2.73
2.92
2.56
3.18
3.30
3.10
2.60
2.13

3.08
2.16
2.09
2.59
3.17
3.45
2.73
2.94
2.57
3.20
3.33
3.11
2.60
2.13

2.74
2.92
2.57
3.18
3.31
3.10
2.59
2.12

2.76
2.95
2.59
3.20
3.32
3.13
2.60
2.13

2.76
2.95
2.59
3.20
3.32
3.12
2.62
2.14

2.75
2. 94
'2.59
3. 18
' 3. 29
3. 12
2. 61
2.14

'2.75
2.94
'2.59
'3.17
'3.28
'3.14
' 2. 60
' 2. 12

2. 77
2.96
2.60
3.22

3.15
2. 61
2.13

do
do
do
do
do
.do
do

2.22
2.15
2.31
1.92
1.71
1.73
2.48

2.29
2.21
2.39
1.97
1.78
1.79
2.56

2.29
2.20
2.36
1.94
1.77
1.80
2.58

2.32
2.23
2. 38
1.86
1.80
1.80
2.60

2.30
2.22
2. 37:
1.81
1.82
1.80
2.59

2.31
2.23
2.40
1.94
1.83
1.81
2.59

2.32
2.24
2.42
2.03
1.83
1.80
2.60

2.33
2.25
2.44
2.05
1.83
1.81
2.61

2.33
2.25
2.45
2.09
1.84
1.82
2.61

2.34
2.25
2.45
2.14
1.84
1.82
2.61

2.34
2.26
2.47
2.20
1.82
1.79
2.60

2.35
2.26
2.47
2.19
1.84
1.80
2.62

2.35
2.26
2.46
2.20
1.84
1.82
2.64

2.36
2.27
2.43
2.21
1.87
1.82
2.66

'2.36
'2.27
2.41
'2.07
'1.89
' 1. 83
2. 65

2.39
2.29
2.44
2.01
1.90
1.86
2.68

2.89
2.72
3.16
3.32
2.47
1.76

2.97
2.80
3.20
3.37
2.54
1.82

2.96
2.82
3.18
3.36
2.56
1.83

3.00
2.86
3.26
3.45
2 KG
1.'84

3.00
2.83
3.21
3.38
2.56
1.84

2.99
2.83
3.23
3.41
2.56
1.84

3.01
2.84
3.25
3.41
2.59
1.84

3.00
2.84
3.24
3.40
2.59
1.86

3. 02
2.84
3.23
3.39
2.59
1.86

3.03
2.83
3.24
3.41
2.59
1.87

3.02
2.84
3.28
3.46
2.56
1.88

3.04
2.85
3.25
3.43
2.58
1.88

3. 05
2.87
3.25
3.45
2.60
1.87

'3.05
2.89
3.25
3.45
'2.62
1.86

'3.07
2.89
'3.25
' 3. 43
' 2. 62
'1.88

3.09
2.93
3.29
3.48
2.64
1.90

do
do
do
..do .
do
do___.
do
do

2.76
2.88
°3.12
2.67
3.41
3.26
3.10
3.66

2.83
2.95
«3.26
2.70
3.55
3.40
3.22
3.79

2.84
2.96
3.30
2.70
3.54
3.40
3.26
3.78

2.87
3.00
3.32
2.73
3.58
3.45
3.28
3.82

2.88
2.99
3.31
2.75
3.61
3.46
3.33
3.85

2.89
3.00
3.35
2.76
3.56
3.43
3.20
3.82

2.89
3.00
3.33
2.74
3.62
3.46
3.25
3.87

2.92
2.99
3.43
2.76
3.62
3.43
3.20
3.88

2.92
2.99
3.44
2.75
3.68
3.50
3.31
3.90

2.91
2.99
3.42
2.75
3.65
3.49
3.23
3.90

2.92
3.02
3.44
2.78
3.60
3.46
3.18
3.87

2.94
3.03
3.46
2.80
3.65
3.48
3.31
3.91

2.93
3.03
3.48
2.77
3.65
3.48
3.34
3.92

'2.93
' 3. 05

2.78
'3.64
'3.47
'3.33
'3.92

2.95
3.07
3 48
2.78
3.67
3.50
3.40
3.94

Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage .do
Telephone communication
do____
Electric, gas, and sanitary services
do

2.42
2.82
2.56
2.95

2.49
2.93
2.62
3.05

2.50
2.95
2.60
3.05

2.51
2.94
2.61
3.08

2.51
2.94
2.65
3.10

2.52
2.95
2.66
3.12

2.52
2.98
2.69
3.13

2.53
2.95
2.67
3.13

2.53
2.99
2.67
3.15

2.54
3.01
2.67
3.13

2.57
3.00
2.68
3.15

2.57
3.03
2.69
3.16

2.57
3.00
2.69
3.16

'2.58
'3.00
2.67
3.16

2.59
3.00
2.68
3.17

2.08
2.10
Wholesale and retail trade§_
_
do
2.01
2.10
2.08
2.52
2.54
Wholesale trade
do
2.52
2.54
2.45
1. 87
1.89
Retail trade§
_
do
1.80
1.89
1.87
Services and miscellaneous:
1.21
1.27
Hotels, tourist courts, and motels
do
1.22
1.30
1.26
1.44
Laundries, cleaning and dj^eing plantsAdo
1.46
1.33
1.44
1.47
'Revised. * Preliminary. « Average for 11 months. § Except eating and drinking places.
tSee corresponding note, bottomp. S-13. 9 Includes data for industries not shown separately.
eEffective Jan. 1964, data exclude earnings of nonofflce salesmen and are not comparable
with earlier figures.

2.10
2.56
1.89

2.07
2.55
1.87

2.12
2.56
1.92

2.13
2.57
1.92

2.13
2.58
1.92

2.13
2.58
1.93

2.16
2./61
1.95

2.15
2.60
1.95

2.16
2.60
1.96

2.16
2.60
1.95

1.31
1.46

1.33
1.47

1.32
1.47

Paperand allied products
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Rubber and misc. plastic products
Leather and leather products..
Nonmanufacturing establishments:!
Mining 9
Metal mining
Coalmining
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction
Special trade contractors

Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage-do
Telephone communication __
do
Electric, gas, and sanitary services
do —
Wholesale and retail trade§
Wholesale trade
Retail trade§

...do
...do
do

Finance, insurance, and real estate:
Banking
do ...
Insurance carriers©
.do
Services and miscellaneous:
Hotels, tourist courts, and motels
do.. _.
Laundries, cleaning and dyeing plants Ado

Nondurable goods industries
Excluding overtimed"
.
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paperand allied products
.

Printing, publishing, and allied ind
do
Chemicals and allied products
... do .
Petroleum refining and related ind
do
Petroleum refining
.....do
Rubber and misc. plastic products
do
Leather and leather products
do
Nonmanufacturing establishments :f
Mining9
Metal mining
Coal mining
Crude petroleum and natural gas
Contract construction
_
General building contractors
Heavy construction
___.
Special trade contractors
...




95.84
99.80
78.59
79.23
67.33

115. 78
119. 58
124. 82
142. 79
110. 88
71.82

1.31
1.32
1.31
1.35
1.27
1.31 '1.27
1.50
1.47
.1.48
1.52
1.51
1.52 '1.52
c? Derived by assuming that overtime hours are paid at the rate of time and one-half. AEffective Jan. 1964, data relate to nonsupervisory workers and are not comparable with the
production-worker levels for earlier periods.

SURVEY OF CURRENT BUSINESS

S-16

1964

1964

11963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

Monthly
average

October 1965

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

3.342
4. 856
1.18
2 989

3.355
4.886

3.414
4.969

3,453
4.992
1.17

3.482
5.002

3.486
5.029
•1.09

P160

EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR) : §
Common labor
_
$ per hr
Skilled labor
do
Farm, without board or rm 1st of mo
do
Railroad wages (average class I)
do
Road-building com labor (qtrly )
do
LABOR CONDITIONS
Help-wanted advertising, seas, adj J__ 1957-59 =100- Labor turnover in manufacturing estab.: f
Seasonally adjusted
New hires
Separation rate, total
Seasonally adjusted
Quit
Layoff
Seasonally adjusted
Industrial disputes (strikes and lockouts) :
Beginning in month:

3.082
4 526
l 05
2 823
i 2 38

3.242
4 733
1. 08
2 850

J

do
do
do
do
do
do
do

2 818

2 856

2 901

3,307
4.829
1.19
2.995

3.339
4.851

3.339
4.852

3.035

2 970

3 014

123

123

126

127

134

137

137

145

148

143

145

146

145

152

51

2.4
3.9

2.6
3.9

4.0
3.4
4.3

1.5
1.7

2.1
1.4
1.4

40
4.0
2.8
4.2
3.9
1.7
1.8
1.7

32
4.1
2.2
3.6
3.6
1.2
1.7
1.5

26
4.1
1.6
3.7
3.8
1.0
2.1
1.6

38
4.0
2.4
3.7
3.6
1.3
1.6
1.4

35
4.1
2.4
3.1
3.6
1.3
1.2
1.3

4 0
4.3
2.8
3.4
3.8
1.5
1.2
1.3

38
3.9
2.6
3.7
4.1
1.7
1.3
1.5

41
4.0
2.9
3.6
3.9
1.7
1.1
1.4

5.6
4.5
4.3
3.6
4.0
1.7
1.1
1.4

'4. 5
'4.1
3.1
'4.3

1.4
1.8

48
^ 3.8
3.5
5.1
4.1
2.7
1.5
1.5

'1.8
'1.8
'1.7

^5. 1
*4.0
*>3.8
*>4.8
^4.3
P2.5
pl.5
pl.5

280
78

305
137

306
73

336
374

346
214

238
141

146
42

260
107

200
53

350
191

340
128

420
111

450
262

380
138

380
92

1,908

556
133
1 200

574
432
2,390

584
549
6 590

469
274
1,730

346
149
1,060

390
188
1,790

340
153
1,450

500
234
1,760

500
175
1,630

580
174
1,770

670
332
2,520

620
303
3,630

630
222
2,290

639

579

418

421

555

573

610

554

_uo
do

1 285
1 806

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. $

3.307
4.823

4 0

2 i 939

_
mil. $
unemployment

3.305
4 815

109

1 340

Percent of covered employment "of
Unadjusted
Seasonally adjusted ©
Benefits paid
Federal employees, Insured

2 811

3.300
4.812
1.01
2 808

39

523

KAO

Initial claims

3.295
4.807

3 8

Workers Involved
thous
In effect during month:
Work stoppages
number
Workers involved
thous
Man-days idle during month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
surea
e p oy e , a irogra .

3. 295
4. 787

KKA

2 i 725 2 i 358

508

433

2 1 218 2 i 232 2 1 397

2 i 792

2

2 132 2 2 065

491
2

1 837

2

1, 570 2 i 259

2

'4.1

1, 131 2 1 210

603
2

1, 178

1 162
1 605

937
1 261

858
1 125

966
1 138

1,185
1 293

1 618
1 675

1,453
1 996

1,100
1 932

1,009
1 718

956
1,470

763
1 179

870
1,059

1,078
1 132

976
1,102

4 3

38

1 541
231. 2

1 373
210. 2

29
36
1 085
164.5

25
35
943
148.4

26
35
908
143'. 2

3.0
3.4
969
147.0

39
36
1 283
211.4

4.6
3.4
1 667
252. 1

4.5
3.3
1 689
245. 7

4.0
3.2
1 631
273.4

3.4
3.2
1 373
224.9

2.7
3.0
1 060
165. 7

2.4
3.0
941
156.3

2.6
3.0
932
149.5

2.5
3.1
901
148.0

31

30

25

24

25

27

30

34

34

31

27

22

20

22

21

29
55
52

28
51
48
7.5

26
43
41
63

25
36
36
5.9

25
35
31
5.0

27
40
34
5.4

32
48
41
69

30
55
52
8.0

25
53
52
7.6

26
49
48
8.0

21
41
41
6.8

17
33
34
5.3

22
30
30
5.2

26
33
27
4.5

25
33
31
5.2

*13

12
29
5 2

12
32
5.3

11
33
5.6

11
37
56

12
40
7.3

16
47
7.8

6
45
7.4

6
39
8.0

5
33
6.2

5
26
4.3

19
21
"3.8

30
24
'3.5

22

3 385
8 361
2, 223
6 138

3 276
8 928
2 143
6 785

3 232
9*033
2 239
6 794

3 325
9 077
2 070
7 007

3 384
9 533
2, 047
7 486

3 467
9*934
1?976
7 958

3 355
9 370
1,965
7 405

3,337
10, 439
2,046
8 393

3,299
10, 366
2,117
8,249

7 6

13
47
8.3

j> 38
*>6.5

FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptancesmil $
Commercial and finance po paper total
do
Placed through dealers _
do
Placed directly (finance paper)
do

3 2 890 3 3 385
3 6 747 3 g 351
3
1 928 3 2 223
3 4 819 3 e igg

Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm. :
Total, end of mo_ __ _
mil $ » 6 403
Farm mortgage loans :
3
Federal land banks _ _ _ _ _
do
3, 310
Loans to cooperatives _
do
8840
3
Other loans and discounts. __
do
2, 253
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (225 SMSA's)
__
bil, $
New York SMSA
do '
Total 224 SMSA's (except N.Y.)
do
6 other leading SMSA's f
do
218 other SMSA's.
_
do
Federal Reserve banks, condition, end of mo. :
Assets, total 9
_
mil $

3

127
879
070
809

3 175
8 444
2 220
6 ?24

3 222
9 343
2 431
6 912

3 217
9 146
2 438
6 708

7 104

7 081

7 084

7 092

7 057

7 104

7 223

7 356

7 472

7,607

7 729

7,873

7, 988

8,040

3 718
3 958
3
2 428

3 586
' 787
2 707

3 690
809
2 656

3 652
924
2 516

3 680
975
2 402

3,718
958
2, 428

3 765
1 020
2 438

3 818
1 037
2 501

3,889
1 007
2 576

3,950
978
2, 679

4 Oil
940
2 778

4, 058
931
2, 884

4,097
935
2, 956

4,135
944
2,962

4
4 621 4
4 i 925 3
4 2 696 1
4
1 030 8
4
1,665 3

4 579 9
1 898 2
2 681 7
1 021 3
1 6604

46480
1 917 7
2 730 3
1 023 7
1,706 6

4,816 5
2 013 0
2 803 5
1 065 4
1,738 1

4,870 9
2 067 6
2 803 3
1,065 5
1,737 8

4 842 5
1 997 4
2 845 1
l'077.2
1 767.9

4 995 6
2 071 8
2 923 8
1 115 4
l'808'4

5 113 3
2 151 3
2 962 0
1 131 7
1 830 3

4 825 6 5,327 8
1 954 1 2 308 4
2 871 5 3 019 4
1 082 7 1,146 8
1 788 8 1,872 6

5, 302. 6
2 281 6
3, 021. 0
1, 149. 5
1,871.5

5, 146. 8
2 128 0
3 018. 8
1,141.0
1, 877. 8

3

58,028

3

Reserve bank credit outstanding, total 9 _ d o _ _ _ - 836,418
3
Discounts and advances
do_
63
U.S. Government securities-— - _ - - _ _ _ _ _ d o _ - I - 38 33,593
Gold certificate reserves ...
do
15,237

3

8

3
8
2
6

4 763 5 4 698 2
2 007 6 1 926 7
2 755 9 2 771 5
1 049 5 1 060 6
1,706 4 1 710.9

62 867

57 964

59 421

59 643

61 561

62 867

60 729

60, 769

60 573

61 688

61 475

62 632

61, 914

61, 429

63, 384

39,3 930
186
3
37, 044
3
15, 075

36, 941
185
35, 164
15 192

37, 111
95
35, 350
15, 190

37, 900
415
35, 709
15, 185

39, 302
210
36, 774
15,091

39, 930
186
37, 044
15, 075

38, 737
304
36,741
14 906

39, 422
300
36, 907
14, 661

38,972
124
37, 591
14, 293

40, 071
568
37, 754
14, 144

41, 169
545
38, 686
14, 023

41, 159
657
39, 100
13, 670

41, 166
536
39, 207
13, 591

40, 619
237
39, 049
13, 596

41, 704
174
39, 774
13, 587

62 867

57 964

59, 421

59, 643

61 561

62 867

60 729

60, 769

60,573

61, 688

61, 475

62, 632

61, 914

61, 429

63, 384

Deposits, total 9 _ _ _ _ _ _ _ _ _ _
do
18 391 33 19 455
Member-bank reserve balances
do_
17,049 18, 086
Federal Reserve liotes in circulation_--__ldol-l~ 3 32,877 335,343

18 365
17,055
33, 330

18 396
17, 121
33, 590

18 884
17, 883
33, 852

19 523
18, 084
34, 640

19 456
18, 086
35, 343

19 091
17,801
34, 646

19 255
17,903
34, 562

18 502
17^277
34, 629

19 557
18, 259
34, 662

19 625
18, 006
34, 974

19 278
18, 229
35, 444

19 304
18, 008
35, 796

18 645
17, 191
36, 021

19, 591
18, 149
36, 319

Liabilities, total 9..

do

» 58,028
3
3

Ratio of gold certificate reserves to FR note
liabilities 0 _ _ _ _
percent..

3

3 46. 3 342.7
45. 6
45.2
44.9
' Revised.
» Preliminary.
i Quarterly average.
2 Excludes persons under extended
duration provisions (thous.): 1964—Aug., 38; Sept., 38; Oct., 32; Nov., 20;3 Dec., 9; 1965—
Jan., 4; Feb., 2; Mar. ,26; Apr., 52; May, 57; June, 51; Julv, 44; Aug , 40
End of year
* Annual total.
<* As of Oct. 1, 1965.
§ Wages as of Oct. 1, 1965: Common labor, $3.486; skilled labor, $5.056.
{Revised back to 1951 to incorporate adjustments as follows: Enlargement of sample;
updated seasonal factors; new weights for component indexes based on labor force in cities
covered; and shift of index base to 1957-59=100. Monthly data (1948-62) appear on p. 24 of




37.4
38.0
37. 7
41.3
38.6
40.1
42.7
42.4
40.8
43.0
43.6
the Mar. 1964 SURVEY, t See corresponding note, bottom p. S-13.
cf Insured unemployment as % of average covered employment in a 12-month period.
©Revisions back to 1959 are available.
A Revised series; data prior to 1964 not available. Total SMSA's include some cities and
counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
o Includes data not shown separately.
©Revised series.

SUEVEY OF CURRENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

1964

End of year

S-17

Sept.

Aug.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

21, 709 r' 21, 865 '21, 620
21,366 21, 516 '21, 192
343
'•349
'428
528 r 524
564
-185
-175
-136

21, 730
21,356
374
528
-154

FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of dally figures:
Reserves held, total
mil. $
Required
__
do
Excess . _ _ _ _
__do___
Borrowings from Federal Reserve banks.. -do
Free reserves
do
Weekly reporting member banksof Fed. Res. System,
condition, Wed. nearest end of yr. or mo.:
Deposits:
Demand adjusted cf
-- mil. $
Demand total?
do
Individuals, partnerships, and corp____do-__.
State and local Governments ___ _
do
U S Government
do
Domestic commercial banks
-do _
Time, total 9do__
Individuals , partnerships, and corp. :
Savings
- .do..
Othertime
- .• _.do
F^oans (adjusted) to talc?
do
Commercial and industrial
46
For purchasing or carrying securities. __rTdo
To nonbank financial Institutions
__do__
Real estate loans
do
Other loans
__do
Investments total
do
U.S Government securities, total
do
Notes and bonds
do
Other securities
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, ad justed :fr
Total loans and in vestments O
. bil. $
LoansO
.. __do__
U S Government securities
do
Other securities
_
do

i 21,609
120,746
1
20, 210 121,198
i 536
1327

1411
1243
U68

67, 844

68, 045

246. 5
149.4
62.1
35.0

21,159
20,763
396
430
-34

21,609
21,198
411
243
168

21,619
21,217
402
299
103

21, 227
20, 790
437
405
32

21, 248
20, 908
340
416
-76

21, 505 21, 476
21, 146 21, 149
327
359
505
471
-178
-112

62,689 63, 722

64, 607 68,045
97. 707 102,574
69,515 73,654
5,333 5,239
4, 364 4,563
12, 548 12,539
65, 670 66,881

64,992
96,059
68,515
5,396
3,643
11,948
69,234

63, 507
96, 238
68, 127
5,423
4,036
12, 327
70, 341

63,377
99, 178
67, 642
5,570
5,988
12, 662
71, 140

64,744
96, 133
68, 572
5,270
5,266
10, 965
72, 081

40, 312 40, 698
16, 237 16,407
98, 992 102, 227
40, 999 42, 119
5, 865 6,677
«,431 9, 032
19, 909 20, 008
28, 355 29, 156
48, 005 48, 783
27, 256 27, 679
22, 103 21, 979
20, 749 21, 104

41,334
17,961
101,060
42,239
6,368
8,331
20,074
28,517
48,145
26,516
21,506
21,629

267.2
167.1
61.4
38.7

269.6
170.2
59.9
39.5

64, 999
94, 544
68, 627

6,951
12, 318
64, 719

11, 699
65, 478

39, 477
16, 000
96, 015

39, 873
15, 854
97, 7R4

40, 061
16, 464
96, 545
39, 882

29, 156
48, 783
27, 679
21, 979
21, 104

19, 320
27, 124
46, 931
26, 392
22, 184
20, 539

19, 533
26, 982
48, 094
27, 207
21, 955
20, 887

19, 719
27, 267
47, 818
26, 928
21, 655
20, 890

267.2

258.7

261.7
163.0
61.2
37.5

261.1
163.2
60.0
37.9

66, 881

40, 698
13,310 16 407
92, 901 102, 227
38, 793 42, 119
6,621
6,677
17, 880
23, 809
48, 404
29, 018
23, 127
19, 386

415
309
106

99, 479
68, 867

38, 083

8,595

21,033
20,618

420
331
89

417
334
83

93, 372
66, 168
5,071
4,511
12, 028
64, 440

104,335 102, 574
74/513 73, 654
5,338 5,239
4,563
4, 556
13,320 12, 539
59, 227

20,928
20,508

20,566
20,149

9,032
20,008

167.1
61.4
38.7

5,224

39,091 39,953
6,505 6,796
8,340 8,558

161.5
60.2
37.0

5,035
3,389

5,863
8,030

265.5
165.4
61.6
38.5

62, 611 63, 810
97, 845 103, 551
67, 525 69, 652
5,545 5,410
6,384 8,664
12, 046 12, 401
72, 996 73, 818

64, 179
94, 579
68, 102
4,900
5,022
10, 862
74,760

63, 505
96, 101
68, 189
5, 105
3,914
12, 566
75, 896

64, 133
97, 048
68,280
4,940
5,591
12, 075
76, 276

41, 744 42, 323 42, 149 42, 538 43, 129 43, 429 43, 827 44, 319
18, 359 18, 456 19, 051 19,679 20, 130 20, 542 20,990 21,003
102, 301 104, 817 105, 229 107, 454 110, 925 108,551 111,071 111, 755
43, 343 44, 620 44, 597 45, 270 46, 847 '•46, 282 46,987 48, 117
6, 151 6, 449
5,712
6,573 6,803
6,224
7,418
5,453
8,404 8,897 8,703
9,289
9,830 9,484 10, 277 10,154
20, 188 20, 326 20, 555 20,^48 21, 151 21,368 21, 739 22,012
28, 860 28, 906 29, 975 30, 475 29, 324 '30, 226 30, 113 31, 267
47, 931 47, 150 47,440 46, 707 47, 514 47,244 47, 086 47, 023
25, 963 24, 965 24, 512 24, 026 24, 254 23, 667 22, 992 22, 830
21, 354 21, 159 20, 843 20, 823 20, 619 20, 677 20,322 20, 202
21, 968 22,185 22, 928 22, 681 23, 260 23, 577 24, 094 24, 193

272.1
171.9
60.2
40.0

275.5
175.8
59.6
40.1

277.3
177.1
59.1
41.1

279.1
179.3
58.5
41.3

282.2
182.6
57.6
42.0

281.5
182.8
56.1
42.6

286.0
185.8
56.7
43.5

286.1
186.2
56.2
43.7

Money and Interest rates: §
Bank rates on short-term business loans:
4.98
4.97
5.00
4.99
In 19 cities
percent- 25.01 24.99
5.00
4.72
4.77
4.74
4 74
New York City
do— . 24.79 24.75
4.76
•5. 01
5.03
5.00
5 01
7 other northern and eastern cities
__do
25.02
5.03
25.01
5.31
5.31
5.27
5 31
5.31
25.30 25.30
Discount rate/end of year or month (N.Y.F.R.
3.50
4.00
4.00
4.00
4.00
3.50
4.00
4.00
4.00
4.00
4.00
4.00
3. 50
Bank)
_
percent
4.00
3.50 3 4.00
4.75
4.74
4.84
4.78
4.74
4.82
4.93
4.88
4.76
4.99
4.98
4.98
4.74
Federal Intermediate credit bank loans.. ...do
4. 70
34.26
5.43
5.45
5.45
5.43
5.45
5.43
5.45
5.43
5.43
5.43
5.45
5.43
5.45
Federal land bank loans -do
35.49 35.45
Home mortgage rates (conventional 1st mortgages):*
5.79
5.77
5.75
5.79
5.72
5.74
5.77
5.76
5.77
5.76
5.77
5.75
5.76
New home purchase (U.S. avg.)______percent__ 35.84 3 5. 78
5.91
5.95
5.93
5.93
5.89
5.88
5.92
5.91
5.86
5.94
5,86
5.90
5.86
Existing home purchase (U.S. avg.)
do
35.98 3 5. 93
Open market rates, New York City:
3.75
4.00
3.75
4.10
4.25
4.15
4.19
4.22
3.75
4.00
4.14
Bankers' acceptances (prime, 90 days).. .do
4.25
3.79
4.25
33.36 3 3. 77
3.89
4.25
4.00
4.27
4.38
4.38
3.88
4.17
4.38
4.38
4.02
4.38
Commercial paper (prime, 4-6 months). -do
4.38
4.38
33.55 33.97
3.75
3.91
4.05
4.12
4.25
4.25
3.98
4.25
3.76
4.25
3.89
4.25
4.25
Finance Co. paper placed directly, 3-6 mo..do
4.25
33.40 333.83
4.50
4.50
4.50
4.50
4.75
4.50
4.50
4.50
4.55
4.75
4.75
4.75
Stock Exchange call loans, going rate
.do _
4.50
4.
50
4.75
34.50
Yield on U.S. Government securities (taxable):
3.527 3. 575 3.624
3.828
3.506
3.856
3.929
3.942 3.932 3.895 3.810 3.831 3.836 3. 912
3-month bills (rate on new issue) .T._percent_. 33.157 3 3. 549
4.24
4.03
4.04
4.06
4.11
4.08
4.12
3.99
4.07
3-5 year Issues ._
\.
do
4.12
4.09
4.04
4.10
4.19
33.72 34.06
Savings deposits, balance to credit of depositors:
N. Y. State savings banks, end of yr .or moi.mil. $_. 25, 693 28, 260 27, 272 27,606 27, 713 27, 893 28,260 28, 482 28, 618 28, 955 28, 883 28, 995 29, 272 29,380 29, 498 29, 785
327
403
393
385
350
407
371
397
363
U.S. postal savings f .
,
„.____
do
452
390
342
390
332
356
338
CONSUMER CREDIT*
(Short- and Intermediate- term)
Total outstanding, end of year or month
mil.$__ 69, 890 76, 810 73, 069 73, 495 73,928
Installment credit, total.
do
53, 745 59, 397 57, 055 57, 446 57, 826
Automobile paper
•__.
__
do
22, 199 24, 521 24, 251 24, 295 24. 423
Other consumer goods paper
do
13, 766 15, 303 13, 923 14, 046 14, 222
Repair and modernization loans.- _
do..._ 3,389
3,466 3,493 3,509
3,502
Personal loans.
____do
14,391 16, 071 15, 415 15, 612 15, 672
By type of holder:
Financial Institutions, total.. ....
.do..... 46, 992 51, 990 50, 583 50, 937 51, 220
Commercial banks
do
21, 610 23, 943 23, 389 23, 527 23,663
Sales finance companies
__do
13, 523 14, 762 14,475 14, 553 14, 625
Credit unions
.....do
5,622 6,458
6,204 6, 283 6,334
Consumer finance companies _..__do._
4,590 5; 078
4,797 4, 845 4,870
Other
.do
1,647
1,749
1,718
1,729
1,728
Retail outlets, total
do
6,753
7,407
6,472 6,509
6,606
Department stores.
_ _ _ _ __ ...do
3,427
3,922
3,332 3,371 3,444
Furniture stores
do
1,086
1,152
1, 044
1,048
1, 062
Automobile dealers--....
do...
328
370
363
365
367
Other
do
1,912
1,963
1,733
1,725
1,733
Nonlnstallment credit, total
.... __do
16, 145 17, 413 16, 014 16, 049 16, 102
Single-payment loans, total..
....do
5,959
6,473
6,299 6,354
6,333
Commercial banks
do
5, 469
5,047
5,335 5,361 5,361
Other financial institutions- _
...do....
912
1,004
964
993
972
r
Revised,
2
3
i Average for Dec.
Quarterly average.
MO nthly av erage.
d"For demand deposits, the term "adjusted" den otes denland det osits 6t! ler than domestic commercial interbank and U.S. Government, less casti items In process of collection;
for loans, exclusive of loans to domestic commercial b anks anc1 after de duction of valuf ition
reserves (individual loan items are shown gross; i.e., before dejductlon ofvaluat ion reser ves).
9 Includes data not shown separately.
{Data have been revised as fc>llows: C)ommercial bank credit (seas. adj. only), back to 1948; c onsumer credit— unadj., 1Dack to 1962;
788-423 O - 65 - 5




74, 371
58, 085
24, 367
14, 431
3,516
15, 771
51, 341
23, 680
14, 622
6,378
4,919
1,742
6,744
3,541
1,088

76,810
59, 397
24, 521
15, 303
3,502
16, 071

76,145
59,342
24, 574
15, 204
3,473
16, 091

75, 741
59, 363
24, 743
14, 984
3,446
16, 190

76, 085
59, 788
25,063
14, 944
3,440
16, 341

77, 483
60, 803
25, 615
15, 056
3, 439
16,693

78, 687
61,739
26, 109
15, 229
3,484
16,917

79, 887
62, 790
26, 685
15,422
3,524
17, 159

80, 686
63, 609
27, 171
15, 573
3,553
17, 312

81, 454
64, 393
27,493
15, 738
3, 597
17, 565

51, 990 52,159 52,352 52, 837 53, 828 54, 694 55, 666 56, 442 57, 181
23, 943 24, 091 24, 246 24, 537 25, 117 25,602 26, 154 26,610 26, 992
14, 762 14, 797 14, 782 14, 831 14, 991 15, 158 15, 372 15, 565 15, 721
6,429
6, 465
6,871
7,032
6,458
6,569 6,739
7,124
7,235
5, 078
5,101
5,243 5,287
5,202
5,078
5,132
5,334
5,387
1,764
1,820
1,758
1,821
1,749
1,779
1,768
1,809
1,846
7,011
7,183
7,045
6,951 6,975
7,124
7,407
7,167
7,212
3,791
3,713 3,673 3,701 3, 745
3,922
3,785
3, 811
3,847
1, 101
1,152
1,128
1,085
1,076
1,077
1,084
1,090
1, 103
373
377
405
384
370
417
395
425
431
1,820
1,963
1,891
1,802
1,819
1,809
1,838
1,841 1,831
16,286 17, 413 16, 803 16, 378 16, 297 16, 680 16, 948 17,097 17,077 17, 061
6,412
6,442
6,473 6,412
6,518
6,606
6,686
6,776 6,781 6,825
5,377
5,436
5,469
5,409
5,495 5,572
5,628
5,707
5,718
5,747
1,035
1,004
1, 003
1,006
1,034
1, 023
1, 058
1,069
1,063
1,078
seas, a dj., baclt to 1960 . Revisions are availab e as fol lows: Co mmercia 1 bank sredit—
1948-62 , in the J une 1964 Fed. Res>. Bulletin; consu mer credit— 1962 iinadj., i a the Nc>v. 1963
Fed. B es. Bulkitin; 1960 -62 seas. adj., on p. 28 of t tie June 1964 Su RVEY.
OAdju sted to
exclud<37 interbank loans.
§Fo r bond y Lelds, see p. S-20.
*Ne\^ series ( FHLBB ),- data p rior to D ec. 1962 not avail able,
IData iire as of end of
conseciitive 4-week perio ds endin g in month indica ted, exce pt June figure wtlich is as of June
30 (end of fiscal year) .

SURVEY OF CURRENT BUSINESS

S-18
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1964

1963 | 1964

Monthly
average

October 1965

Sept.

Aug.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FINANCE—Continued
CONSUMER CREDIT!— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Department stores
Other retail outlets
Credit cards
Service credit
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer goods paper
Allother
Repaid total
Automobile paper
Other consumer goods paper
All other
Seasonally adjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other

do
do
do
do
do -do_
do
do
do
do
do
do

15,871 16,300
1909
1895
1
4, 456 14,756
1635
1520
14,315 i 4, 640

5,231
588
3,960
683
4,484

5,223
624
3,928
671
4,472

5,352
660
4,055
637
4,417

5,394
703
4,065
626
4,480

6,300
909
4, 756
635
4,640

5,724
793
4,280
651
4,667

5,154
660
3, 857
637
4, 782

4, 977
601
3,743
633
4,802

5,210
626
3,942
642
4,864

5,453
647
4,142
664
4,809

5,528
627
4,218
683
4,793

5,534
591
4,217
726
4,762

5,498
595
4,149
754
4,738

5,506
1,964
1,597
1,945
5,035
1, 770
1,469
1,796

5,519
1,984
1, 540
1,995
4,960
1,757
1, 430
1,773

5,393
1,830
1,592
1,971
5,002
1,786
1,469
1,747

5,552
1,999
1,657
1,896
5,172
1,871
1,481
1,820

5,323
1,727
1,672
1,924
5,064
1,783
1,463
1,818

6.767
1,992
2,404
2,371
5,455
1,838
1,532
2,085

5,023
1,836
1,440
1,747
5,078
1,783
1,539
1,756

5,007
1,915
1,338
1,754
4,986
1,746
1,558
1,682

6,173
2,382
1,619
2,172
5,748
2,062
1,659
2,027

6,480
2,496
1,614
2,370
5,465
1,944
1,502
2,019

6,189
2,384
1,682
2,123
5,253
1,890
1,509
1,854

6,780
2,608
1,804
2,368
5,729
2,032
1,611
2,086

6,429
2,465
1,755
2,209
5,610
1,979
1,604
2,027

6,394
2,343
1,769
2,282
5,610
2,021
1,604
1,985

5,529
2,017
1,570
1,942
5,094
1,789
1,496
1,809

5,617
2,024
1,588
2,005
5,104
1,802
1,491
1,811

5,507
1,924
1,582
2,001
5,097
1,788
1,456
1,853

5,456
1,858
1,631
1,967
5,155
1,818
1,509
1,828

5,816
2,043
1,719
2,054
5,256
1,864
1,505
1,887

5,883
2,120
1,729
2,034
5,213
1,830
1,526
1,857

6,022
2,228
1,760
2,034
5,381
1,897
1,632
1,852

6,030
2, 229
1, 698
2,103
5,393
1,924
1,567
1,902

6, 189
2,272
1,645
2,272
5,445
1,936
1,487
2,022

6,105
2,215
1,728
2,162
5,435
1,940
1, 564
1,931

6,139
2,250
1, 717
2, 172
5,537
1,960
1,587
1,990

6,278
2,301
1,792
2,185
5,612
1,972
1,612
2,028

6,288
2,313
1,794
2,181
5,679
2,030
1,658
1,991

10, 552
11, 296
-744

11,739
9,400
2,339

4,344
10, 317
-5,973

9,716
9,398
318

10,256 6,387
10, 882
9,109
-626 -2, 722

11,227
9,606
1,621

13,065
9,566
3,499

10, 492
10, 476
16

11,857
10, 567
1,290

15,306 4,981
11,535
9,696
3,771 -4,714

11, 595
12,299
-705

5.068
•1,834
1, 417
1, 817
4, 593
1, 613
1, 320
1,659

do
do
do
do
do
do
do
do

FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public:d"
Receipts from
mil. $
Payments to
__.
do
Excess of receipts, or pavments (— )
-_.do
Seasonally adjusted quarterly totals: §
Payments
Excess of receipts, or payments (— )
Budget receipts and expenditures:
Receipts total
Receipt1' netlf
Customs
Individual income taxes
'
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures total*!
Interest on public debt
Veterans' benefits and services
National defense
All other expenditures
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total. ,

9,381
9, 763
-382

9,586
10,028
-442

28,708
29, 822

28,221
30, 188

do__
-_do

1

32, 737
32, 255
482

29, 883
30,086
—203

ft A

9,769
7,391
113
4,361
2,087
1,426
1,782
8,079
920
457
4,355
2,422

9,662
6,653
112
'4,967
419
2,338
1,826
8,083
913
479
3,784
2,991

11, 766
10, 072
122
4,924
3,950
1,148
1,621
8, 450
927
489
4,198
2,842

4,275
3,398
126
1,423
572
479
1,676
8,329
923
467
4,233
2,716

8,972
7,037
124
5,068
449
1,491
1,840
7,051
917
366
3,997
1,780

bil. $. . 1309. 35 i 317.94

314.09

315. 61

315. 64

1305.21
1261.56
1 14. 14
i 43. 66
14.13

i 313.55
i 267.48
i 14.36
i 46. 08
14.39

309. 62
262.18
14.20
47.44
4.46

311. 12
263. 76
14.30
47.37
4.49

311. 22
264. 96
14.10
46.26
4.42

H.74

1.81

.85

.89

.82

.83

.81

.66

.69

.72

.66

.61

.59

.47

.50

.52

i 49. 03 i 49. 89
.38
.40
.44
.42

49.57
.36
.41

49.63
.36
.43

49.70
.37
.41

49.81
.35
.36

49.89
.37
.43

49. 94
.43
.53

50.01
.39
.45

50.06
.41
.49

50.08
.39
.49

50.11
.36
.43

50.15
.36
.46

50.23
.39
.46

50.26
.37
.46

50.28
.34
.45

148. 75

149. 32

150,39

151. 03

151. 66

152. 27

152.92

153. 50

154. 42

155. 19

68.85
5.52
3.77
16.25
3.33
33.69

69.12
5.49
3.75
16.21
3.32
34. 03

69. 16
5.27
3.72
16. 17
3.32
34.32

69.63
5.31
3. 65
16.18
3.31
34.77

69. 82
5.32
3.61
16.17
3.30
34.98

6.62
2.63
3.88
56.69
52.21
4.57
7.31
1.20
7.02

6.67
2.64
3.93
57. 00
52.48
4.58
7.36
1.19
7.00

6.74
2.69
3.94
57.38
52. 81
4.61
7.41
1.23
6.97

6.75
2.68
3.96
57.66
53.04
4.64
7.46
1.28
7.00

6.80
2.68
4.00
58.02
53.36
4.65
7.51
1.31
7.09

do
do
do
do
do
do
do
do
do
do
do
do

Interest bearing, total
do
Public issues ._ _ _
__do_ __
Held bv U 8 Govt investment occts do
Special issues
_
__do_ _
Noninterest bearing
do
Guaranteed obligations not owned by U.S. Treasury, end of month.
_- bil $
U.S. savings bonds:
Amount outstanding, end of month
do
Sales, series E and H
do
Redemptions
_
do

9, 523
7 , 293
105
4, 525
1,897
1, 346
1,650
7,849
852
439
4,414
2, 189

v 15,495
5,070 10, 586
p 13,377
3,807
7,350
*145
137
145
*5,314
1,661
5,540
v 6, 596
482
727
v 1, 407
2,501
629
*2,033
1,918
1,915
P9.081 7,240 8,990
*997
966
1,000
»476
483
210
*4,906 ' 3, 848 4,377
*2,746 ' 2, 261 3,256

10, 025
8,856
125
3,398
3,953
779
1,769
8,770
955
495
4,473
2,866

6,329
5,642
76
3,688
607
399
1,560
7,676
966
450
3,987
2,349

11,329
7,518
106
6,174
473
2,810
1,765
7,146
933
478
3,835
1,940

14,517
11, 188
155
4,135
6,759
1,459
2,009
8, 139
961
459
4,497
2,224

11,423
8,549
139
6,943
1,187
1,311
1,843
8,268
948
452
4,351
2,526

11,582
7,268
128
6,067
520
2,861
2,007
8,116
955
450
4,317
2,486

318. 49

317. 94

317. 98

319. 88

317. 70

316. 56

319.22

317. 27

316.58

318.24

316. 75

314. 02
267. 36
14. 33
46.66
4.46

313. 55
267. 48
14.36
46.08
4.39

313.68
269. 44
14.68
44.24
4.31

315. 54
269. 98
14.67
45.57
4.34

313. 33
267. 67
14. 85
45.66
4.36

312. 21
267.81
14.63
44.40
4.35

314. 17
266. 33
14.70
47.83
5.05

313. 11
264.46
14.59
48. 65
4.16

312. 20
264.41
14.39
47.79
4.38

313.90
264. 12
14.92
49.78
4.34

312. 36
264.29

48.07
4.39

LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life Insurance companies §
bil $ 1 141. 12 1149.47 146. 48 147. 17 147. 98
Bonds (book value), domestic and foreign,
67.82
68.04
total
bil $ i 66. 08 i 67. 96 67.74
5.77
5.79
15.81 15.59
5.76
U.S. Government
do
13.77
3.82
3.87
13.85
3.85
State, county, municipal ( U S )
do
i 16. 44 116.32 16.49 16.44 16.35
Public utility (U.S.)
_ „_ .
do
3.40
3.41
3.38
13.35 13.31
Railroad (U.S )
do
i 31. 21 i 33. 14 32.22 32.31 32.62
Industrial and miscellaneous ( U S )
do
Stocks (book value), domestic and foreign, total
6.20
bil. $_. 17.14 i 7. 94
6.13
6.24
Preferred (U.S.)
do
2.53
2.54
12.31 12.51
2.55
Common (U.S.)...
L_
do
3.49
3.55
14.72 15.30
3.58
Mortgage loans, total _ _ _ _ _ _ L _
do
1 50. 54 i 55. 15 53.17 53. 56
53.98
Nonfarm
_
do
146.75 i 50. 85 49.01 49. 37 49.76
Real estate—
do
4.46
4.49
14.32 14.53
4.50
Policy loans and premium notes
do
6.99
7.02
7.06
i 6. 66 17.14
Cash
do
1.35
1.28
1 1. 47 11.49
1.28
Other assets
do
6.64
6.80
6.88
1 4. 92 15.26
Payments to policyholders and beneficiaries in
U.S., total
mil.$_'_ 835. 7 896.5
840.7
882.3 898.8
Death payments
_
do
350. 7 377.8 355.9 372.9 375.3
Matured endowments
_
do
74.9
66.5
73.5
77.5
67.4
Disability payments'
do
13.4
12.1
13.7
12.4
12. 9
Annuity payments
do
75.1
80.1
77.1
77.1
78.2
Surrender values
do
149. 1 152.8 143.4
149.6
143. 8
Policy dividends
do
1.80. 4 197.5 185. 7
195.5
211.6
r
Revised.
.» Preliminary.
i End of year; asse ts of life insuranc e compailies are a nnual
statement values.
JSee similar note on p. S-17.
d'Oth er than borrowir
§Revisions available upon request are as follows : Net cash transsictions wig.
ith the imblic
(seas. adj..). 1962-63: assets all life insurance cos.. 1963-May 1964.




68.17
5.70
3.84
16.33
3.38
32.77

67.97
5.51
3.81
16.29
3.36
32.93

68.54
5.72
3.82
16.27
3.35
33.26

68.73
5.76
3.80
16.26
3.34
33.42

68.74
5.56
3.79
16.25
3.34
33.57

6.31
2.56
3.64
54.40
50.15
4.51
7.09
1.39
6.87

6.39
2.57
3.71
55. 18
50.88
4.52
7.13
1.44
6.68

6.46
2.58
3.77
55.63
51.31
4.53
7.16
1.32
6.75

6.52
2.60
3.82
55.94
51.59
4.54
7.20
1.25
6.84

6.61
2.61
3.89
56.34
51.92
4. 57
7.26
1.24
6.91

803. 8 1, 179. 3
918. 5
878.5 950.2
842.3 1, 059. 2
922.0
342.6 432.8 389.2 363.7
468.3 398.6
374.3 399.3
75.2
79.2
86.7
91.9
75.2
80.9
75.6
82.0
12.6
17.6
13.5
15.7
12.7
14.8
12.7
12.9
77.1
81.5
81.2
101.9
84.2
88.5
89.0
83.5
136.0
173.0
163.1
183.6
143.4
162.9
162.1 165.2
160.3 395.2
164.1
211.2
169.9
162. 7
203.3
182.9
IDstta for neit receipt s and tol al exDen ditures r eflect ex 3lusion o f
actior s.

911.6
935.5
388.0- 400.4
71.1
67.9
12.5
12. .3
84.6
85.5
157.1
158.8
198.5
210.4
certain Interfun d trans-

SURVEY OF CURRENT BUSINESS

October 1965

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1965

1964

1964

Monthly
average

S-19

Sept.

Aug.

Oct.

Dec.

Nov.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

7,752
5, 477
1, 722

553

7,986
5,890
1,478
618

9,929
7.313
1,961
655

9, 092
6,871
1. 595

8,914
6,674
1, 549
691

9,435
7,003
1,799
633

8,569
6,439
1,535
595

8, 747
6,605
1,537
605

1 200

1 153

1 299

1 196
'907

1 210

1 222

Sept.

FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) : t
Value estimated total
mil $
Ordinary
do
Group and wholesale
do
Industrial
do
Premiums collected:!
Ordinary
Group and wholesale
Industrial

do
do
do

7,464
5,293
1,574
596

8,734
6,077
2, 047
609

7,898
5 686
1,597

615

1 134
847
169
117

1 191

1 163
'868

890
185
116

188
108

10, 067
6,327
3, 090

597

8,405
6, 309
1.454
642

1 126

1 182

1 182

8, 114
5,724
1, 793

840
184
101

895
180
107

15, 461
31
56, 453
2,221

12, 359
6,896
4. 936

650

527

1 441

989
235
218

911
181
108

873
181
99

15,386
35
28, 187
9,704

15,388
26
28, 197
9,902

15, 185
-173
49, 276
2, 170

14,937
-69
95, 766
2,062

14, 563
—247
22 304
2,128

890
180
111

985
209
105

626

189
101

917
189
105

927
196
99

MONETARY STATISTI CS
Gold and silver:
Gold:
Monetary stock, U.S. (end of yr. or mo.) .mil. $.. 115, 513 115,388
—21
21
Net release from earmark $
do
16, 982 35, 229
Exports
thous $
3,407
3,701
Imports
__
do

13,858

14, 410 14, 290 13,934 13,857 13, 857
43
99
124
-157
13
58 637 267, 956 126, 407 159, 947 108,028
17,
794
1,562
2,153
2,465
1,779

1,799

15,463
3
28, 230
2,362

mil $
do
do
do

2 112. 5
80.0
11.6

2 116.2
85.0
11.1

87.2
11.3

88.2
10 9

89.9
11.5

88.0
11.5

84.2
10.8

87.4
10.8

85.3
98

86.8
10 8

88.0
11 3

10.4

3 179. 4
10.8

10.0

thous $
do
dol. per fine oz

3,480
5,910
1.279

12 010
5, 526
1.293

6 466
5, 184
1. 293

13, 388
3,400
1.293

33 949
5,703
1.293

23 628
6,252
1.293

23 621
4,956
1.293

5 023
4,716
1.293

8 280
5,278
1.293

4 476
2 760
1.' 293

5 302
4 932
1 293

9 273
4,364
1. 293

2 101
3,763
1.293

3,917
1.293

4,199
5,716
1.293

thous fine oz
.
do
do

2,487
3,286
3, 843

2,526
3,476
3,823

2,797
3,268
3,787

2,635
3,784
4,200

2,382
3,440
3,141

2,594
4,017
2,844

2,963
3,379
4,522

2,577
2,981
3,445

2 299
2 432
4 035

9 35$
4 180
4 452

o 379

^ 2 632

2 885

4 599

3,527

3, 418

*37.7

139 6

38 0

38 2

38 4

39 2

39.6

38 5

38 6

38 8

qo o

39 2

39 7

39 9

40.2

Money supply and related data (avg. of dally fig.):t
Unadjusted for seas, variation:
Total money supply
_
bil. $ 4 4150. 6 4 156. 3
31. 5
Currency outside banks
do
433 5
4 119. 0 4122.8
Demand deposits
do
4 105. 5 4 119. 4
Time deposits adjustedf
do
45.9
45.8
U.S. Government demand deposits.
do

155.0
33.9
121.1
121.1
6.3

157. 1
33.9
123. 2
122.0
6,5

159.0
34 1
124.9
123.4
5.5

160.7
34.6
126.1
124.1
5.8

164.0
35.0
129.1
125.2
5.5

164.4
34.4
130.1
128.3
4.2

159 5
34 2
125 3
130.8
5.7

159 0
34 3
124 6
132.7
6.7

161 6
34 5
127 1
134.0
5. 6

157.6
34 6
123 0
135.4
9.7

159 6
34 9
124 6
136.6
9.3

160 9
35 4
125 6
138.3
9.1

160. 5
35.5
125.0
140.2
7.4

163.2
35.6
127.5
141.4
5.6

157 1
33 8
123 3
121 0

158.2
33.9
124.3
122 1

158 8
34 0
124.8
123 5

159 1
34 2
124.8
125 1

159. 7
34.2
125.4
126 6

160 0
34 5
125 5
128 8

159
34
125
131

160 3
34 7
125 6
132 1

161 1
34 7
126 4
133 5

160
34
125
134

0
9
1
6

161 8
35 o
126 8
135 9

162
35
127
137

5
2
3
6

162.7
35.4
127.3
140.1

164.3
35.6
128.7
141.6

44
89
33
42
29

44 3
88 5

44
89
32
40
29

45 1
91 3
33 2
41 0
29 5

45
90
33
41
30

46
94
33
42
30

47
96
35
44
31

48 4
100 0
35 2
44 c
31 9

47 0
96* 0
34 7
44 3
30 6

50 9
107. 0
36.3
45 5
32 2

49 3
104 9
35 1
44 4
31 1

48.4
99.4
35.5
44.9
31.7

Production, world total
South Africa
Canada
United States
Silver:
Exports
Imports
Price at New York
Production:
Canada
Mexico
United States

Currency In circulation end of yr or mo

Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits.
Time deposits adjusted^

_
^_

bil $

4.3

4.3

do
do
do
do

Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: f
Total (225 SMSA's) ratio of debits to deposits
New York SMSA
do
Total 224 SMSA's (except N Y )
do
6 other leading SMSA'scf
do
218 other SMSA's
do

15, 460
11

0

7
3
0
4
1

QO Q

41 4
29 2

6
8
8
9
3

5
7
4
7
0

3
8
8
8
0

7
7
1
0

47 1
Qfi 1

34 6
AA

0

on e

9
9
4
8
2

848

1.293

PROFITS AND DIVIDENDS (QTBLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries..
mil. $ 5 4, 871 5 5, 803
5362
Food and kindred products
do
5423
8
88
5127
Textile mill products
do
Lumber and wood products (except furniture)
562
578
mil. $
Paper and allied products
do
5158
5188
Chemicals and allied products
do
« 607
5714
Petroleum reflnlnsr
do
5958 5 1, 024
Stone, clay, and glass products __
do
5 148
5170
Primary non ferrous metal
do
5 141
8 190
Primary Iron and steel
d o " " " 5 234
5306
Fabricated metal products (except ordnance","
machinery, and transport, equip.).
mil $
5 167
5210
Machinery (except electrical)
do
5358
5500
Elec. machinery, equip., and supplies
do
5325
5378
Transportation equipment (except motor
vehicles, etc.)
mil $
sill
5136
Motor vehicles and equipment .
do
6702
5640
5
All other manufacturing In dustries
do
5 654
510
Dividends paid (cash), all industries
do
5 2, 467
Electric utilities, profits after taxes (Federal Re-"
serve) __
mil $
5547
iransportatlon and communications (see pp. S-23

5,670
'

6, 299
464

& oqn
409
i K-I

7,215

pf>

93
216
853

155

159

94
180
707
948
227
163
283

66
218
755

-lot

1,164

1 flAI

238
526
372

225
506
456

142
390
757

143
651
749

52,702

2,395

3,405

5 596

583

600

167
221
355

454
166
J

1 088

i

220
270
411

CO

90 e
OQO

325
689
455

94.4.
Kf\r»
4ftfi

187

147

1 057

QOC

730

ce-i

2 942

597

719

SECURITIES ISSUED
Securities and Exchange Commission • i
Estimated gross proceeds, total
'
By type of security:
Bonds and notes, total
Corporate..
Common stock
Preferred stock

mil «
*"
do
do
do """
"do

2 635

3 093

4 148

2 548

2 914

4 631

3 339

9 333

3 997

3 003

3,050

3,160

4,297

2, 842

2 321

2,521

2 836

4,036
636
58
54

2,392
1,069
133
23

2,701

4 579

3, 196
1,662

2 202

3 842

2 860
1 215

2,887
1,070
127
35

2,712
1,324

3,988
1,729
154
155

2,722
1, 258
78
43

2,230
807
77
13

905
823
906
223
188
85
25
34
29
ear
ni,ir, §• ^ i ^ and
' ^ * Estimated; excludes U.S.S.R., other Eastern European
44 A ' J / M^aiid,
North Korea.
3 Data for May-June 1965.
Average of daily figures. s Quarterly average
wn ater as
Qfi?YTlS°nAS
i? sho
l
Allows:
Insurance
written for Jan.-Apr. 1964 for all series,
•'-, sT6nes; May-Dee., total and ordinary), and 1962 (total and ordinary);
Jan
July 1963; securi
V '~
ties issued, 1961-62 and Jan. and Feb. 1964. Rer money supply and related data are available in the July 1965 and June




675
727
637
384
94
43
82
84
130
65
9
49
60
47
24
1964 editions of Fed. Res. Bulletin; these revisions result from adjustments to new benchmarks and from revisions of seasonal factors.
§Or increase in earmarked gold (—).
ITime depositsat all commercial banks other than
those due to domestic commercial banks and the U.S. Govt.
f Revised series; data prior to
1964 not available. Total SMSA's include some cities and counties not designated as
SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.

SUEVEY OF CUKKENT BUSINESS

S-20
1963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1965

1964

1964

Monthly
average

October 1965

Sept.

Aug.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FINANCE—Continued
SECURITIES ISSUED-Continned
Securities and Exchange Commission}:— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate total 9
mil $
Manufacturing
_ do „ _ _
:_
Extractive (minlng)_._.
..do
Public utility
do
Railroad
do
Communication
do
Financial and real estate
do
Noncorporate, total 9
do
U.S. Government
_ _ . ...do
State and municipal
do _
New corporate security issues:
Estimated net proceeds total
do
Proposed uses of proceeds:
New money total
do
Plant and equipment
do
W orking capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
__do _
Short-term
do

1,020
295
18
222
36
91
260

1,163
254
35
230
28
182
321

748
190
16
167
7
31
292

1,226
272
87
338
28>
21
355

1,036
270
58
339
16
89
199

727
229
23
47
15
21
213

1,805
637
52
205
29
34
619

858
412
11
120
26
22
189

791
212
7
230
39
45
220

1, 358
555
14
289
47
30
248

1,233
562
75
212
21
18
251

1,773
735
20
275
24
145
373

2,038
484
14
195
16
99
1,045

1,379
474
30
227
27
154
185

898
345
9
304
13
29
137

1, 615
601
842

1,930
888
879

3,400
2,449
767

1,323
358
952

1,878
367
816

3,904
3,242
566

1,534
373
1, 097

1,475
433
811

3,205
2,129
933

1,646
413
1,003

1,817
390
971

1,387
356
1,020

2,260
362
1,000

1,463
388
1,055

1,423
371
718

1,007

1,149

738

1,212

1,019

720

1, 787

850

779

1,343

1,214

1,746

2,018

1,363

887

749
450
299
127
130

936
584
352
63
150

587
305
282
58
93

807
477
329
82
323

754
541
213
67
199

553
243
310
51
116

1,322
621
701
145
320

700
410
290
54
95

687
443
244
33
59

1.039
.667
372
146
157.

939
680
260
61
213

1,560
993
566
55
132

1,665
651
1,014
72
281

1,119
629
490
134
110

751
522
229
70
66

842
457

879
452

767
458

952
540

816
446

566
354

1,097
296

811
424

933
533

1,003
518

971
1,046

1,020
652

1,000
489

1,055
494

••718

U88
5, 541 1 5, 101
1,210 i 1,169
4,481 14,132

465
5,207
1,077
4,281

456
5,241
1,145
4,231

475
5,205
1,155
4,155

498
5,181
1,131
4,135

488
5,101
1,169
4,132

519
5,019
1,207
3,940

488
5,038
1,254
3,880

501
5,085
1,264
4,000

489
5,096
1,207
4,066

477
5,154
1,208
4,187

510
5,139
1,297
4,436

491
4,887
1,233
3,676

491
4,908
1,193
3,771

'680

950
365

SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
mil.$__ 1-.1461

Cash on hand and In banks.Customers' free credit balances (net)
IVToney borrowed

do__._
do

1
1

Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (Al-4- Issues):
96. 8
Composite cf__ - __ _ dol. per $100 bond
Domestic municipal (15 bonds)...
do___. .111.3

95.1
111.5

95.3
111.8

95.1
111. 0

95.1
110.9

95.2
112.0

95.3
112.6

95.5
114.0

95.5
113.3

95.2
112.0

95.0
112.2

94.7
111.9

94.3
110.8

93.9
110.8

93.5
111.0

92.8
109.3

86. 31

84. 46

84.59

84.31

84.37

84.81

84. 65

84.56

84.40

84. 48

84.53

84.58

84.57

84.51

84.00

83.27

145. 04
137.82

240. 21
220. 06

197. 81
186. 44

221. 98
211. 69

239. 88
218. 21

204. 06
193. 97

211. 88
200.92

204. 50
194.12

215. 95
195. 74

321. 07
295. 71

261. 23
257. 53

240. 82
220. 36

303. 79
278. 99

265. 58
248. 19

294. 76
256. 23

138. 94
132.17

231, 90
211. 86

190. 38
178. 75

212. 29
201. 31

227. 75
206.52

189. 71
180.23

203. 14
192. 02

195. 35
185. 17

203.26
185. 24

305. 46
282. 15

251. 67
248. 48

230. 16
210. 27

287. 04
262. 56

253. 01
235. 86

282. 80
245. 19

123.61

210. 38

166. 90

205. 15

222. 93

179. 45

193. 49

196. 84

215.30

258. 65

214. 56

207.90

271.92

191. 64

244. 98

4.50

4.57

4.57

4.57

4.57

4.58

4.58

4.57

4.55

4.56

4.56

4.57

4.60

4.64

4.65

4.69

4. 26
4.39
4.48
4. 86

4.40
4.49
4.57
4.83

4.41
4.49
4.57
4.82

4. 42
4.48
4.55
4.82

4.42
4.49
4.55
4.81

4.43
4.49
4.57
4.81

4.44
4.50
4.58
4.81

4.43
4.48
4.57
4.80

4.41
4.46
4.54
4.78

4.42
4.48
4.54
4.78

4.43
4.48
4.54
4.80

4.44
4.49
4.55
4.81

4.46
4.52
4.58
4.85

4.48
4.56
4.62
4.88

4.49
4.59
4. 65
4.88

4.52
4.63
4.69
4.91

4.42
4.41
4. 65

4.52
4.53
4.67

4.52
4.54
4.65

4.52
4.53
4.65

4.53
4.52
4.66

4.53
4.53
4.67

4.54
4.54
4.68

4.53
4.52
4.66

4.52
4.51
4.62

4.52
4.51
4.63

4.54
4.51
4.64

4.55
4.53
4.64

4.59
4.56
4.66

4.62
4.58
4.71

4.63
4.60
4.73

4.65
4.64
4.77

3.18
3.23

3. 20
3.22

3.19
3.20

3.26
3.25

3.23
3.26

3.18
3.18

3.12
3.15

3.04
3.06

3.17
3.10

3.16
3.18

3.15
3.17

3.20
3.19

3.30
3.26

3.25
3.26

3.29
3.25

3.41
3.36

4.00

4.15

4.14

4.16

4.16

4.12

4.14

4.14

4.16

4.15

4.15

4.14

4.14

4.15

4.19

4.25

U.S. Treasury bonds, taxablef
-..-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 some
stopped sales, face value, total
mil. $__
Yields:
Domestic corporate (Moody *s) _ _ _ _ _ _ ____percent__
By ratings:
Aaa
do
Aa
do
A
do
Baa
.
____
_ do
By groups:
Industrial
_
do
Public utility
do
Railroad
..
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard & Poor's Corp. (15 bonds)
do
U.S. Treasury bonds, taxableO...

do

Stocks
Cash dividend payments publicly reported :
Total dividend payments
mil $

2

17,682

475.3 2, 517. 5 1,211.7

488.5 3, 520. 3 1,385.2

613.3

487.4 2, 863. 7 1, 279. 3

507.0 2, 735. 1

______
_ do
_ _ _ _ _ _ _ __ do
do

2

2, 487
28,510
3
582

2
2,805
2

115.5
273.9
166.2 1, 625. 2
4.1
111.0

246.4
385.3
17.5

493.1
125. 8
175.8 2, 282. 9
183.0
3.2

374.8
408.1
20.0

214. 1 259.6
175.5 1, 725. 4
117.5
3,6

267.5
391.2
18.4

106.5
251. 2
179. 8 1, 951. 0
3.2
121.2

270.8
399.6
19.4

305.6
114.6
189.5 1, 762. 3
121.4
.9

do
do
do
__do
do

2

1,456
21,900
2377
2
642
2
232

21,573
2 2, 036
2422
2680
2268

3.2
139.7
8.9
26.2
11.5

109.9
230.1
65.7
66.2
35.5

292.1
144.7
31.8
71.7
22.2

2 7
140^7
6.5
23.0
10.8

112.6
236.9
96.8
71.2
43.8

290.8
146.1
19.1
102.1
24.2

2.0
151.4
9.1
45.5
12.1

111.8
233.9
69.8
67.3
37.6

292.4
152.2
25.7
74.2
22.2

2.0
150.2
5.9
27.4
12.4

114.8
241.9
70.7
74.3
38.6

311.9
151.5
21.5
81.6
23.0

2.3
150.5
9.1
28.6
11.5

114.4
245.2
70.3
76.0
39.9

6.42
6.98
3.21
3.50
4.46
5.84

7.05
7.70
3.43
3.81
4.57
6.00

7.05
7.69
3.46
3.76
4.55
6.12

7.05
7.70
3.48
3.91
4.55
6.12

7.12
7.77
3.49
3.96
4.55
6.12

7.32
8.06
3.49
4.00
4.61
6.12

7.37
8.10
3.68
4.03
4.68
6.22

7.44
8.20
3.73
4.03
4.80
6.22

7.47
8.24
3.73
4.03
4.80
6.22

7.48
8.24
3.80
4.03
4.92
6.25

7.48
8.25
3.80
4.03
4.92
6.25

7.54
8.38
3.80
4.00
4.92
6.31

7.55
8.38
3.83
4.04
4.92
6.31

7.57
8.41
3.84
4.04
4.92
6.31

7.59
8.42
3.88
4.07
4.92
6.31

7.63
8.47
3.90
4.08
4.92
6.31

Price per share, end of mo., composite
do
202. 32 235. OS 236. 88 242. 73 243. 14
Industrials. _
do
218. 24 258.55 260.03 268. 38 269. 08
Public utilities
do
102.79 108. 76 110. 86 112.67 115. 11
Railroads
_.
do
78. 49
94. m
94. 14
98.13 102 41
••Revised.
1 End of year.
2 Annual total.
tRevisions for 1961-62 will be shown later.
9 Includes data not shown separately.
^Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.

241. 05
268. 83
115. 62
95 QR

242. 99
270. 21
115. 54
92. 59

250. 34
280. 74
119. 00
95. 52

248. 21
278. 19
118. 81
94.fi2

245. 38
274. 90
118. 85
94.16

253.28
287. 13
119. 57
94.11

249. 78
282. 16
118. 21
90. 22

238. 93
269. 18
114. 22
86.23

242. 16
273. 38
114. 76
90.93

246. 50
279.07
115. 46
94. 36

254. 52
290. 30
116. 95
95.11

Finance
_
Manufacturing.......
Mining
Public utilities:
Communications
Electric and gas _
Railroads..
Trade
_
Miscellaneous

;_
__

Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate, composite
T .,-:.•,
dollars__
Industnals.
__
do
Public utilities.
__
do
Railroads .
_ _ _ _ _ _
do
N.Y. banks _ _ _ _ _
do
Fire insurance companies..
do




216,188

9, 298
2601

x

2, 622. 9 1, 243. 8

^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.

SURVEY OF CTJERENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1964

1963 | 1964
Monthly
average

S-21

Aug.

Sept.

Oct.

1965
Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's) :
Yields, composite
_ __ • '
percent _
Industrials
-do
Public utilities
_ - _ • do _ _
Railroads
do
N Y banks
do
Fire insur ance companies
_ _ _ _ _ _ do

3.17
3.20
3.12
4.46
3.15
2.51

3.00
2.98
3.15
4.05
2.97
2.50

2.98
2.96
3.12
3.99
2.90
2.49

Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
1 12. 43 * 14. 39
Industrials
dollars
1
4 99 15 41
Public utilities
do
!6.29 16.97
Railroads
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
_._._
percentPrices:
Dow- Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks), _ _ -1941-43=10..
Industrial, total (425 stocks) 9
_-__do
Capital goods (122 stocks)
do
Consumers' goods (188 stocks)..
do
Public utility (50 stocks)
do
Railroad (25 stocks)
___do__ _
Banks:
New York City (10 stocks) _ _ _ _ _ _ _ _ —do _
Outside New York City (16 stocks)
do
Fire and casualty insurance (22 stocks) t- -do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil $
Shares sold _ _ _ _
million s__
On New York Stock Exchange:
Market value
mil. $__
Shares sold (cleared or settled) _ _ _ _ _ .millions. _
Exclusive of odd-lot and stopped stock sales
(N Y. S.E.; sales effected)
millions

2.90
2.87
3.09
3.98
2.76
2.52

2.93
2.89
3.03
3.87
2.89
2.56

2.95
3.00
3.02
4.17
2.93
2.60

3.03
3.00
3.19
4.35
2.99
2.62

2.97
2.92
3.13
4.22
3.08
2.56

3.01
2.96
3.14
4.26
3.25
2.55

2.95
2.87
3.18
4.28
3.24
2.51

3.02
2.97
3.21
4.43
3.39
2.70

15.90
5.51
6.79

15. 96
5.41
6.97

12.60
5 26
7.26

3.05
3.00
3.20
4.28
3.33
2.59

3.16
3.11
3.35
4.69
3.51
2.84

3.13
3.08
3.35
4.44
3.38
2.86

3.08
3.02
3.36
4.31
3.25
2.90

3.00
2.92
3.33
4 29
3.17
2.94

4.38

4.38

4.34

4.32

303. 66
873.43
155.71
199. 51

312.37
887. 70
155.44
214. 21

321. 61
922. 18
157. 51
218. 86

17.20
5 68
'6.91

4.30

4.32

4.29

4.25

4.25

4.25

4.23

4.18

4.22

4.26

4.28

253. 67
714. 81
138. 36
165. 30

294. 23
834. 05
146. 02
204. 36

298.13
835. 30
149. 24
211. 25

305. 85
863. 55
151.85
214. 44

311. 73
875. 26
153. 93
222. 00

311. 04
880. 04
154. 33
217. 16

304. 50
866. 73
154.49
206. 46

311. 84
889.89
158.09
210. 34

313.79
894. 41
161.31
210. 01

315. 14
896. 44
161. 61
212. 26

317. 55
907. 71
162.25
212. 19

319. 93
927. 50
161. 35
209. 18

302. 72
878. 06
154. 93
195. 79

4.30

69.87

81.37

82.00

83.41

84.85

85. 44

83, 96

86.12

86.75

86.83

87.97

89.28

85. 04

84.91

86.49

89.38

73.39
63.30
62.28
64.99
37. 58

86.19
76.34
73.84
69.91
45.46

86.70
75.91
75. 40
71.17
47.17

88.27
77.97
77.74
72.07
47.14

89.75
79. 13
79.08
73.37
48.69

90.36
78.97
79.18
74.39
48.01

88.71
77.24
77.58
74.24
45.75

91.04
80.19
79.69
75.87
46.79

91. 64
82.52
80.74
77.04
46.76

91.75
83.62
81.50
76.92
46.98

93.08
84.85
83.78
77.24
46. 63

94.69
86.35
85.21
77.50
45.53

90.19
81. 62
80.04
74.19
42.52

89.92
80.54
78.80
74.63
43. 31

91.68
83. 25
80.23
74.71
46.13

94.93
86.91
82.34
76.10
46.96

36.75
74.81
63.38

39.64
77.54
67.20

39.71
76.58
68.27

41.60
77.48
68.46

41.75
80.50
67.99

41.61
81.20
66.82

40.08
76.08
66.14

40.40
75. 13
66.80

39.43
73.30
68.47

38.96
71.13
68.26

40.00
71.81
69.49

38.91
71.23
67.67

37.17
68.47
62.54

38.18
70.22
60.95

38.96
70.98
60.75

40.43
72.74
60.79

5, 359

6,012

5,195

5,773
170

5,959
179

6,330
182

7,198

217

6,696
199

6,580
198

6,911

187

5,655
154

5, 951

4,937
120

170

4,828
139

5,823
168

6, 245

153
4,574
113

5,035
124

4,106

4,914

120

5,268
131

4,371

4,918

5, 2£1

131

5,979
152

5,508
136

5,366
133

5,819

108

4,872
121

136

4,783
116

96

103

82

no

107

94

104

109

112

125

119

110

128

85

109

Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares
_
bil. $__ 386. 63
Number of shares listed
_millions.. 7,906

454. 14
8,732

458. 12
8,981

472. 02
9,010

476. 39
9,095

472 15
9,136

474.32
9,229

491. 85
9,292

493. 48
9,336

490. 25
9,481

506. 58
9, 516

503 54
9 647

478 83
9,785

487.85
9,829

500 62
9,863

100

185

155

127

163

FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value*
Exports (mdse.), incl. reexports, total1O----mil. $-- 1,945.8 2,203.5
1,868.7 2,135.0
Excl. Dept. of Defense shipments _
do
Seasonally ad justed __
By geographic regions: A
Africa
Asia
___'_
Australia and Oceania
Europe

_

.__

do

___
_ _

do
do
__do _
do

Northern North America _
Southern North America
South America—

101 6
435 5
61.5
692 0

93
378
68
554

343 3
145. 1
153 6

395 6
170.4
176 9

17.5
23.2

do
do
do
do

Indonesia.. _ _ _ _ _
Philippines
Japan

.

___

Europe :
France
East Germany
West Germany. _
Italy
Union of Soviet Socialist Republics
United Kingdom

5
4
9
3

1
5
8
4

33 9
273 7
24 2
352 2

49 1
165 5
680 2
283 7
63 3
87 4
509 3 1 009 3

131 1
559 6
82 3
885 1

120
466
76
806

390 9
177. 1
191 1

432 7
204.3
225 2

296 9
126.5
73 3

354 1
142.4
116 4

495 9
194. 4
216 1

456 8
190.1
210 2

21.6
40.7

19.3
30.8

34.7
37 3

6.9
14.6

5.5
23 7

26.2
61.5

65 6
88 6
32 2
66

61 8
91 1
34 9
57

58
80
38
6

19 5
41 9
14 2
4 3

56 1
28 3
13 3
56

46
32 6
139 9

6 0
29 5
155 7

on -i

iq Q

2 5

97 1

91 9

164 0

212 6

116 6

135 8

89 8
2 7

42 3

49 5
1 fi
91 4

5
9
6
4

111 9
446 6
72 1
733 4

97
447
67
719

380 3
156.2
175 8

389 4
175.0
188 6

429 7
184.4
172 3

22.3
32.8

20.8
32.6

18.0
30.1

37 1
68 1
32 3

52 3
79 6
31 3
6 4

58
53
34
7

0
1
3
7

do
do
do

91
26 9
142 6

57
30 0
159 0

4 3
28 2
136 7

do
do
do

56 8
5
93 4

66 8
17
109 2

51 3

55 2

67 0

64 6

93 6

114 2

119 1

104 0

By leading countries:
Africa:
United Arab Republic (Egypt Reg.)__.do
Republic of South Africa
___do

d0
do
do

93
422
75
639

fifi Q
4.Q 7
R7 Q
73 7
69 3
8
2 g
1.7
12 0
12
96.9
122.4
105.' 8
125.8
151 ! 2
T
Revised.
* Preliminary.
i Calendar year total.
cf Number of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
t Revised series;
lormer series covered fire insurance only.
t Revisions for various periods prior to Feb. 1963
will be shown later.
OBeginning Jan. 1965, data reflect adoption of revised export schedule;




1,247.4 1,598.1 2, 974. 1 2, 612. 3 2, 428. 3 2,335.8 2, 244. 8 2, 188. 3
1,188.1 1,513 7 2 891 7 2 529 1 2,381.4 2, 219. 1 2, 172. 1 2 123 5

2 108 8 2 235 3 2 154 8 2,196 8 2 430 4 1 217 3 1 592 7 2 752 7 2 380 3 2,277 7 2 184.8 2 262.8 2 345 7
82 7
401 1
44.3
593 1

__do
do
do

Asia; Australia and Oceania:
Australia, including New Guinea
India
_
Pakistan
_
Malaysia©

1,972.7 2,139.1 2,290.3 2,2157.0 2,613.0
1,899.6 2 084.7 2,258.9 2,182.9 2,5609

8
4
3
6

4
7
1
3

7 4

122
575
64
825

55
104
44
6

6
2
3
7

75

139 5

17

59 6

2
0
2
9

82 1
485 0
69 4
732 9

111 9
422 1
104 9
670 4

517 7
175.6
192 3

531 2
179.0
168 9

451 1
171.0
164 7

440 1
170.9
172 2

21.9
43.9

9.0
46.6

11.7
42.0

10.4
29.5

23.6
41.9

75 3
156 2
31 9
87

70
93
42
9

2
3
8
1

65 2
81 0
41 9
81

58
92
28
7

2
2
9
6

58 6
97 3
26 9
81

78 1
75 2
31 3
7 5

45
36 3
244 1

4 4
34 0
189 5

54

152 5

33
27 7
152 3

43
28 4
195 4

156 7

87 6
2 -j
127 7

71 5
g
113 0

69 2
I
121 2

120 1

109 4

84 8

163 4

152 5

K

4
7
7
3

qo o

120
459
70
675

2 1
94. 7

72 7
a

cc 7
DO A
qq i
101 ft
74. 8
95 2
60 7
67 5
63 6
2
31
20
2 2
7 4
31
88
21
56
107.7
157. fi
144.8
132. 2
143 fi
fi7.9
118*. 7 128. 5 117. 5
in some instances, because of regrouping of commodities and release of some "special category"
items from the restricted list, data for commodities and countries are not comparable with
those for earlier periods.
Iflncludes grant-aid shipments under the Dept. of Defense Military Assistance Program, as well as economic aid shipments under other programs.
AExcludes "special category" shipments.
O Country designation established Jan. 1964.

7ft ^

18
ISs'fi

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1903

1964

1964

Monthly
average

October 1965

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

June

July

Aug.

517.6

531.2

451. 1

440.1

297. 6

304. 1

22.0
18.8
18.0
12.8
0
92.5
52. 2

25.9
24.7
17.4
13.4
0
88.9
52.8

May

Sept.

FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuet— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Canada
- ..mil. $_- 343. 3

395.5

380.3

389.4

429.7

390.9

do

266. 7

309.5

298.1

325.4

318. 7

328.8

do
do
do
do
do
do
do

15.8
31.9
13.5
20.1
3.0
71. 5
42.4

21.8
32.2
15.0
20.5
0)
89.7
50.0

24.3
35.5
13.4
19.2
0
82.4
46.8

26.4
41.5
18.2
18.1
0
95.7
48.0

17.5
32.5
16.3
21.7
0
99.4
47.6

28.1
37.4
15.4
18.6
0)
95.8
49.7

Latin American Republics total 9
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela

Exports of U S merchandise totalO
^oExcl military grant-aid*
do_
By economic classes:
Crude materials
--- do_ __
Crude foodstuffs
do
Manufactured foodstuffs and beverages... do
Semimanufactures^
do_
Finished manufactures^*
do
Excl military grant-aid*
do
By principal commodities:
Agricultural products total 9
do
Animal and vegetable oils and fats*
Cotton unmanufactured
Fruits, Vegetables, and preparations
Grains and preparationst
" lt^1 rtllU IIKJcl

p

p

do
do
do___<
do

-

NTonagricultural products total 9

do

Agricultural
Tractors parts and accessories
Electrlca'l
Metalworking§
Other industrial
..
Petroleum and products
Textiles and manufactures

_

354.1

376.6

164.4

228.2

366. 7

352.1

327.6

307.6

34.5
33.3
21.6
23.3
C1)
103.8
60.4

11.2
10.5
7.3
7.2
0
74.7
21.7

15.0
13.9
10.2
11.8
0
81.0
34.3

31.2
26. 1
21.5
21.1
0)
98.0
69.3

28.7
26.9
22.3
20. 0
(0
92.9
63.8

23.2
27.5
21.0
21.4
0
92.7
54.6

19.4
20.2
15.8
13.8
0
95.2
55.8

495. 9

456.7

1,921.7 2, 173. 8 1,944.5 2, 112. 1 2, 261. 4 2, 242. 4 2, 577. 6 1, 230. 7 1, 575. 5 2, 942. 0 2,585.2 2,397.7 2,307.6 2, 212. 2 2, 161. 0
1, 845. 5 2, 106. 0 1,871.4 2, 057. 7 2, 230. 0 2, 158. 3 2, 525. 5 1, 171. 4 1, 491. 1 2, 859. 6 2, 502. 0 2,350.8 2, 190. 9 2, 139. 5 2, 096. 2
241.5
218.4
288.9 280.8
190.3
327.9
203.5
209.0
211.7
173.9
180'. 4
235.7 226.6
145.2
140.6
158,1
124. 7
136.5
153.8
172.1
351.9
338.9
324.6 348.5
278. 4
334.5
410.3
1, 114.. 4 1, 241. 2 1, 119. 2 1, 196. 5 1,253.4 1, 237. 6 1, 440. 7
1, 037. 8 1, 173. 0 1, 046. 1 1, 142. 1 1,222.0 1, 153. 5 1, 388. 6

465. 4

528.9

419.5

494.5

575.6

607.9

669.2

26.6
48.9
37. 2
191. 7
12.3
43.6

35.8
57.5
36.2
215.0
15.1
45.4

41.3
16.6
35.8
174.4
12.5
34.6

36.7
24.5
42.5
204.2
13.3
73.0

31.8
38.6
50.2
205.0
16.6
58.1

36.3
50.9
35.5
231.3
15.2
58.2

53.5
97.9
38.1
232.6
19.3
73.4

210.4

325. 8

696.2

553.9

532.9

530. 9

1, 456. 3 1, 644. 9 1, 525. 0 1,617.6 1, 685. 8 1, 634. 5 1, 908. 4 1, 020. 3 1, 249. 7 2, 245. 8 2, 031. 3 1,864.8 1,776.7

125. 5
2 161. 9
40.2
57.4

143.4
193.8
42.1
74.6

120.8
197.9
50.6
81.7

140.7
212.3
41.6
73.5

133. 8'
200.5
47.8
77.6

141.4
192.6
36.0
69.5

174.1
234.8
37.9
85.0

do

453.4

528.7

458.3

507.8

554.4

520.1

636.7

do
do
do
do
do

15.2
35.2

m. 4

37.0
216. 5

19.1
45.6
128.4
43.4
249.3

19.1
41.2
109.8
37.1
218.3

14.1
46.2
122.5
38.3
242.8

14.5
48.0
139.9
46.8
258. 2

16.5
41.0
137.7
42.4
242.1

18.1
47.5
156.4
58.6
299.2

_ _ i _ . do
do

41.0
57.8

39.3
67.1

40.8
60.0

36.1
66.8

41.7
72.5

37.2
68.0

44.2
78.7

Automobiles, parts, and accessories — .do
Chemicals and related products?
do
Coal and related fuels
do
Iron and steel prod (excl adv mfs.) do
Machinerv total 1 9

296.9

432.6

548.1

459.3

1,664.1 1, 701. 7

1, 428. 5 1, 557. 1 1, 491. 0 1,561.8 1, 613. 0 1, 671. 7 1, 755. 0 1,112.9 1, 463. 6 2, 040. 2 1, 854. 9 1, 724. 1 1, 906. 9 1, 632. 9 1,717.6
General imports totalO
do
1,574.9 1, 546. 4 1, 547. 7 1,697.7 1,642.2 1,206.4 1, 600. 5 1,869.0 1,834.7 1,798.9 1, 834. 8 1, 669. 8 1, 725. 4
Seasonally adiustedO
do
By geographic regions: O
76.4
66.2
64.8
70.5
82.7
66.2
79.6
89.2
82.0
84.0
66.9
75.3
50.9
Africa
do
27.9
68.4
301.5
266, 0
339.1 336.3 315.8
432.4
402.5
410.9
322.6 329.3 217.1 291.7
Asia
do
339.9
345. 6
394.7
36.6
41.8
43.7
32.5
41.2
57.7
30.7
37.6
30.8
Australia and Oceania
do
32.6
21.3
38.0
41.7
20.8
36.7
401.1 442.3 377.3 426.7
628.4 575.4
466.7
519.4
503.3
542.3 537.6
505.7 486. 8
239.0 422.6
Europe
do
319.4
363.4
353.7
372.3 388.8 362.1 381.5 325.7 325.5
409.9 377.6
441.7
Northern North America
do
400.5 408.3
398.6
127.2
136.6
115.7
102.2
123.2
162.1
158.3
147.6
181.1
123.2
145.4
114.5
Southern North America
do
124. 4
146.2
123.1
209.1
185.4
207.6
212 A 202.3 242.6
240. 1 240.4
259.3
245. 1 173.2
South America
do
188.0
183.0
156.5
198.9
By leading countries: 0
Africa:
1.4
1.7
.9
.4
5.0
1.3
.6
United Arab Republic (Egypt Reg.).__do
.5
1.0
.5
1.4
.3
2.6
.8
1.3
21.6
16.9
20.8
19.5
15.3
Republic of South Africa
do
20.1
19.3
18.6
18.8
27.6
8.2
24.5
17.4
8.0
22.8
Asia; Australia and Oceania:
23.4
26.6
Australia, including New Guinea
do
26.8
23.4
35.6
19.0
20.1
25.1
23.8
24.4
25.9
26.3
17.0
16.8
24.5
24.5
25.4
India
;
do
30.7
46.2
37.5
25.0
26.0
33.1
28.0
29.9
20.1
23.7
26.7
24.3
15.2
Pakistan
^
do
3.8
3.3
3.0
4.2
6.2
5.6
4.1
2.7
2.5
3.5
2.0
3.7
4.0
1.0
3.2
!
Malaysia©
do
13.3
21.0
19.3
13.6
12.9
23.5
17.3
11.9
15.3
9.5
16.7
12.2
16.7
6.8
9.4
14.1
Indonesia _ _
do
14.6
16.9
16.6
16.0
15.7
10.8
12.9
10.2
15.2
14.7
12.2
12.2
10.3
29.8
Philippines
_
do
32.3
36.6
34.3
36.7
27.1
35.3
39.3
33.1
33.4
25.6
21.7
29.5
32.8
25.8
147.4
Japan
do
124.8
218.4
175.1
155.8
204.9
220.0
159.5
194.5 231.0
161.7
154.5
108.3
177.3
165.8
Europe:
63.5
53.3
France
_.
do
54.2
55.1
35.9
41.3
38.4
61.2
55,6
33.6
43.0
45.2
41.5
50.6
20.5
.3
.3
.2
East Germany
_
do
.3
.6
.6
.7
.6
.9
.5
.7.
.1
.3
.5
.6
117.6
91.2
West Germany _.
_
do
110.3
110.6
83.6
133.5
131.2
.97.6
74.7
97.8
101.8
97.3
113.5
119.7
46.0
54.8
56.1
49.1
Etaly
.
do
41.1
49.7
43.9
59.3
48.6
52.6
45.3
48.2
56.1
37.9
48.8
22.1
2.6
2.4
3.3
2.2
Union of Soviet Socialist Republics
do
1.7
1.5
1.7
1.9
2.5
1.9
4.1
1.6
2.1
1.9
4.7
112.7
112.1
118.4
United Kingdom
_
do
115.5
95.1
89.9
126.1
85.6
109. 6
92.3
103.3
101.3
91.7
112.8
57.6
North and South America:
398.3 441.5 399.4 407.6
Canada
do
319.1
353. 4
409.8 377. 4
362.6 372.0 388.6
381.4
325.2
325.6
361.7
274.3 344.2 238.6 270.4
Latin American Republics, total 9
do
287.6 293.7 247.3 265.3 275. 1 321.1
359. 5 338. 5
352.4 222.3 280.4
11.1
10.4
8.9
Argentina
_
do
10.3
13.7
6.5
7.1
11.5
11.1
9.3
7.5
8.4
11.7
6.7
6.1
38.9
27.8
36.1
36.4
Brazil
do
46.8
49.6
37.2
44.5
31.9
46.5
36. 6
71.4
59.2
16.6
24.6
22.3
9.9
11.9
13.8
Chile
do
15.7
30.3
18.2
17.9
15.1
20. 0
18.6
9.4
18.4
14.2
28.8
18.8
25.2
Colombia
do
22.8
20.7
24.2
20.7
23.4
26.2
18.9
25.1
34.0
8.4
17.3
28.5
35.5
1
0
1
Cuba
do
0
0
0
0
0
0)
0)
0)
0)
0)
C
)
C
)
0)
«'
61.9
39.3
Mexico
do
57.2
41.8
49.5
64.7
61.1
53.6
39.7
48.5
30.6
54.4
43.7
52.5
46.6
101.
9
Venezuela
do
71.1
77.5
66.3
78.0
92.2
96.8
79.7
76.5
77.0
69.2
86.0
82.5
80.0
92.7
r
Revised.
» Preliminary.
i Less than $50,0 00. 2 1Beginning Jan. 1963, ex eludes
tRe vised to include £3ITC iteins classiiied as " cereals aiid prepa rations" not coni parable
exports of certain fertilizer materials, coal-tar and synthetic resinous products, chemical spewith data published in the 1963 BUSINESS STATISTICS and in SURVEY issues prior •»-.rv
to "vr^,Nov.
cialties, etc.;; in 1962, such exports totaled $52.6 mil.
1963
JSee similar note on p. 8-21; for exports, see also note 'T' on p S-21
AManufactures of tobacco are included in the nonagricultural products total.
9 Includes data not shown separately.
QSee similar note on p S-21
§Excludes "special category, type 1" exports.
cf Data for semimanufactures reported as "special category, type 1" are included with
OFor certain recent months, the data by regions and countries exclude imports unidenfinished manufactures.
*New series. Data for periods not shown may be obtained from
tified by area of origin.
0 Country designation established Jan. 1964.
Bu. of Census reports.




SUKVEY OF CURKENT BUSINESS

October 1965

Monthly
average

1965

1964

1963 | 1964

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

S-23

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

sent.

FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valued-Continued
Imports for consumption, total
mil. $
By economic classes:
Crude materials
y
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages do
Semimanufactures
do
Finished manufactures
do
By principal commodities :
A gri cultural products total?
do
Cocoa (cacao) beans, incl. shells
Coffee
Hubber crude (incl latex and guavnle)
Sugar (cane or beet)
Wool and mohair, unmanufactured _
NFonagricultural products, total 9

1,416.7 1, 550. 0
287.0
169.5
151.0
332.4
610.1

302.4
136.9
143.6
322.6
584.3

300.1
155.8
164.2
314.3
633.3

296. 1
182.1
168.6
331.5
665.1

282. 7
202.6
176.7
337.1
655.9

313.5
200. 1
165.4
357.8
683.6

253.0
78.5
77 3
300.1
429.2

335.0

342.0

316.7

341.0

350 9

384.4

372.9

175 2

11.3
79.7
16.4
50.9
18.8

10.9
100.0
16.7
38.2
17.1

12.8
77.7
18.1
33.9
14.1

9.2
90 8
16.4
50.0
17.1

11.2
106 7
13 7
44.6
12.4

8.8
126.9
17. 0
43.4
15.9

11.8
116.8
18.9
37.9
22.0

do ._ 1,081.7

1,207.9

1,173.1

1,226.7

4.7
69.1

61
63.5

do _ _
do
do
do j.
do

i 10.9
59.4

Furs and manufactures
do
Iron and steel prod. (excl. adv. mfs.).__do
Nonferrous ores, metals, etc.:
Bauxite crude*
do
Aluminum semimfs (incl. calcined bauxite)*
mil. $..
Copper crude and semimfs *
do
Tin, including ore
_
do
Paper base stocks
Newsprint
Petroleum and products

-

1,489.8 1,567.7 1, 643. 5 1, 655. 1 1,720.4 1 138.1 1, 488. 6 1, 999. 2 1, 820. 7 1, 719. 6 1, 878. 0 1, 635. 5 1, 728. 8

£74.0
143.8
166.5
300.7
531.7

do
do
do

Indexes
Exports (U.S. mdse., excl. military grant-aid) :f
Quantity
1957-69=100
Value
__
. _ do .
Unit value
do
Imports for consumption:
Quantity
do
Value
.
do
Unit value
_
- do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):!
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil $
Airborne trade:
Exports (incl. reexports) :1
Shipping weight
thous. sh tons
Value
mil $
General imports:
Shipping weight
thous. sh. tons
Value
mil. $

1

1

9. 7
68.3

1,292. 5 1,270.6 1,347.5
4 7
71.0

4.7
89.0

38
24 9
76
15 1
15.7

269 4

10.2
69 1
11 2
17.3
13.9

420 4

369. 0

338.8

345. 2

262.3

319.0

11.8
126 5
18 3
26.5
31.8

9.2
83.7
24.0
38.6
27.4

13.8
77.3
13.3
47.3
17.6

13.2
89.7
16.9
42.5
18.6

8.6
59.4
12. 8
22.3
16.9

11.3
77.8
11.2
42.7
19.1

962.9 1,219 2 1, 578. 8 1, 451. 7 1,380.8 1, 532. 8 1,370.6 1, 409. 8

15 4
69.4

12 6

13 4

14.0

16.0

11.2

8.9

7.6

7.1

9.5

10.5

12.3

91

10 2

9.6

10 2

12 1

8.8

13.7

10.8

11.6

10.9

13.7

13.7

16.9
*21.G
9.1

16.6
28.4
9.3

13.7
20.7
14.1

21.8
27.5
8.3

13.5
30 I 1
9.8

11.4
26.1
7.6

14.5
48.7
10.7

6.5
14.2
4.9

16.9
29.2
8.3

23.1
24.1
17.2

21.3
23.4
10.9

24.4
22.1
13.0

32.6
26.6
12.7

25.1
23.0
10.5

24.4
27.9
9.2

33.8
30. 1
62.7
57.3
149. 1 i 156. 0

35.2
61.8
152.3

35 3
64.2
147 0

35.1
66.3
142 7

35.6
68.6
144.9

36.7
73.0
174 3

29.1
53.1
184 8

46.8
53.9
163 3

41.9
69.2
198.8

35.8
62.7
186.7

34.4
64.9
144.3

39.8
72.4
192.2

34.9
64.4
147.4

37.4
65.1
159.4

6 508
601.2

8 555 15, 000 15, 068
836 7 1,963.6 1, 712. 1

22, 031 20 161 19 686 20 419 19 499 18 164
1,096.7 1 020 1 1, 137 0 1 213 4 1 250.1 651 8

r
17 294 r 22, 016 21, 736
985 8 l,465 8 1 373. 9

127
128
101

143
146
102

127
130
103

139
143
103

150
155
104

145
150
104

169
176
104

127
122
96

135
133
99

131
128
98

137
135
99

143
141
99

144
142
99

150
148
99

13 084 14, 254 15, 300 14 774 16 426 14 628 14 962
1,257 2 1, 416. 9 1, 268. 4 1, 405. 0 1,503 6 1 491 2 ' 1 750.2
17 707
1,031 9

19,509
1,120.3

10.3
136.5

13.6
153.7

12.0
128.2

14^8
151 3

15 8
169.7

13. 9 '
140.2

17 7
187.4

14 9
140.7

19 9
175 2

21.5
197.4

19.0
189.1

19.1
193.7

17.7
182.5

17.5
180.3

18.2
189.6

4.7
68.0

5.4
79.7

45
69. 9

53
76 6

73
93.9

7.0
89.9

86
108.8

65
89 1

84
104 9

78
102.4

6.9
98.4

6.2
100.3

9.2
103.9

7.5
104.9

6.8
95.1

78,016
74, 822
16,631
5,774
3,879

78,263
74, 473
16, 944
6,314
4,475

82, 126
73, Oil
16,478
6,293
4,595

J

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total) :
Operating revenues, total9
mil. $.. 621. 9
Transport, total 9
_
do..
617.1,
Passenger
...do
557. 0
Property
_
do.___
40.3
U.S. mail
do
15.0
Operating expenses (incl. depreciation) __. do
589.2
Net income (after taxes). .
_do
3.3
Operating results:
Miles flown (revenue)
thous. 63, 828
Express and freight ton-miles flown do
49, 195
Mail ton-miles
flown
do
14, 167
Passengers originated (revenue)
__do
4,548
Passenger-miles flown (revenue)
mil.. 3,048
Express Operations
Transportation revenues
Express privilege payments
_

mil $
do___~

Local Transit Lines
Fares, average cash rate
___
cents
Passengers carried (revenue)
mil"
Operating revenues (qtrly. avg. or total) ....mil. $"

1

707.7
701. 3
631.8
46.8
16.4
632.6
34.0
68, 506
60, 576
15, 390
5,158
3,490

725.0
717.7
639.9
51.0
18.8
654. 1
37. 8

748.2
742 2
670.2
49 1
15.4
641 4
48.2
72, 362
63, 842
14, 178
5,647
4,023

2 103. 1
295.9
2
28.3 229.5

69, 376
69, 009
14, 734
^5, 214
3,530

71, 735
72, 323
16, 145
5,509
3,610

103.2
29.8

70, 922
70, 782
22, 319
5,338
3,668

73, 511
59,440
15, 630
5,450
3,747

67, 414
60, 734
15,111
4,861
3,248

112.5
31.7

76, 406
71, 822
17,549
5,535
3, 703

75, 541
69, 963
17, 616
5,940
3,979

103 7
28.2

101.9
27.4
j

20.5
576
r
347. 6

21.2
571
352.0

21.3
515

21.4
560
r
335 1

21.4
610

Motor Carriers (Intercity)
Carriers of property, class I (qtrly. avg. or total)3
Number of reporting carriers
1, 018 3 1, 018
1,020
Operating revenues, total
m"ii $
1,435
1,544
1,604
Expenses total
r?o
1,374
1,473
1,503
Freight carried (revenue)
.mil. tons..
84
92
95
« 'LR?v1ised* Preliminary.
1 Effective Sept. 1963, data reflect a doption <3f U.S. T ariff
Schedules and are not entirely comparable with eai lier figui"es; also, beginnir tg Sept. 1963,
certain uranium bearing materials, formerly shown u nder cru de mater als, are included with
semimanufactures (monthly averages reflect this ch ange begginning J an. 19631 . Beginning
Jan. 1964, data for furs and mfrs. and petroleum and p roducts r eflect fur ther chan ges in 'Ui3TS.
2 Quarterly average.
3 Number of carriers filing complete) reports for 1963 and 1964.




67,518
60, 756
14, 626
5,030
3,224

735.4
728 3
654.3
48.9
16.9
677.7
30.1

21.7
561

21.7
599
370 9

21.9
553

21.9
524

21.9
606
338.7

21.9
593

21.9
577

22.0
564
367. 1

22.2
520

22.2
516

1,018
1,646
1,591
OR

JSee similar note on p. S-21.
9 Includes data not shown separately.
*New( series.
Data for periods not shown may be obtained from Bu. of Census reports.
f Revised, to
exclude military grant-aid shipments; comparable earlier data will be shown later. §Exeludes "special category" shipments and all commodities exported under foreign-aid programs
as Department of Defense controlled cargo.
ISee similar note on p. S-21.

SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1964

1963 | 1964

Monthly
average

October 1965

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)— Continued
Freight carried, qtrly. index of volume, class I and
II (ATA)
average same period, 1957-59=100.. 1 126. 3 1 137. 6
Carriers of passengers, class I (qtrly. avg. or total) :§
2158
2158
8147
Number of reporting carriers
.'
164.1 9 115. 1
1155. 7
Operating revenues total
mil $
142.7 9 109. 3
135.3
Expenses total
do
126.7 947.8
131. 8
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (A AR):
Total cars
Coal
- -.
Coke
—
Forest products
Orain and grain products

137.0

139.2

«- 141. 9

159
200.8
157.8
132.8

158
157 9
140 6
128.1

147
118 5
113.8
47.0

151 4

thous. _
do.--do— _
- do-___
do

2,406
461
32
156
234

2,453
462
41
163
219

2,323
464
33
158
192

' 2, 367 3 3, 195
'462
3589
357
'35
3196
151
3310
201

2,376
455
46
148
221

2,118 32,571
3518
427
44
347
139
3178
3231
180

2, 074
410
36
147
178

2,185 3 2, 848
3533
409
347
36
3193
152
3236
193

2,415
456
35
159
180

2,376 3 2, 768
455
3427
343
35
3189
151
211
3276

2,381
479
35
161
221

2,292
448
31
158
200

Livestock
do
Ore
do
Merchandise 1 c 1
do
Miscellaneous
• '— do
Freight carloadings, seas. adj. indexes (Fed. R.):f
Total
.-.-.1957-59=100.Coal
do
Coke
_
do

14
147
72
t, 290

13
168
53
1,334

12
216
50
1,198

330
16
211
3264
48
358
' 1, 242 3 1, 691

18
154
41
1,292

311
10
92
381
346
37
1,189 3 1, 460

7
72
39
1,185

310
8
3164
81
349
41
1,265 3 1, 616

8
206
39
1, 332

5
225
37
1,257

3290
344
3 1, 493

36

7
222
34
1,221

11
192
33
1, 220

*93
95
88
96
102
52
84
36
95

95
113
100
96
49
97
27
98

93
98
128
97
88
56
84
26
96

95
95
129
99
109
48
96
23
95

99
97
127
99
99
54
136
23
100

100
92
109
106
94
46
113
23
106

96
91
99
99
87
46
110
22
102

99
99
108
103
97
36
136
21
100

101
104
107
105
98
36
95
22
104

94
98
109
95
95
31
87
20
97

95
98
122
103
82
33
90
20
99

94
101
117
99
101
34
86
18
96

94
95
95
102
102
35
81
17
96

—

Grain and grain products
Livestock
Ore
Merchandise I c l
Miscellaneous

-

do
do
do
___do
do -

Financial operations (qtrly. avg. or total): A
Operating revenues, total 9
mil. $
p
vjo
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do

96
96
125
99
104
48
90
26
99

99
90
125
100
97
46
143
22
103

98
92
98
101
97
42
110
21
103

2,389.9 2,464.1
2, 03.8. 6 2, 113. 9
144.5
147. 0
1,862.9 1, 934. 5
325.1
325. 6
201.4
204. 5
174.5
162.9

2, 486. 5
2 119.2
162.3
1, 937. 6
332.3
216.6
175.4

2, 526. 3
2, 168. 7
134.6
2, 037. 5
302.6
186.1
182.1

2, 382. 5
2, 064. 7
125 9
1, 899. 6
320.1
162.8
121.2

2, 581. 8
2,240.5
139.4
1, 963. 2
360.8
257.8

Operating results: A
Freight carried 1 mile (qtrly )
Ml ton-miles U58.9 5 167. 7
Revenue per ton-mile (qtrly avg )
cents 8 1. 310 5 1. 282
Passengers carried 1 mile, revenue (qtrly.) --mil-- «4,624 s 4, 562

167.1
1.293
5,380

172.0
1.269
4,163

165.2
1.270
3,801

180.2

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 _

15, 628
12, 786
2,842

16, 854
13, 909
2,945

18, 232
14,982
3, 250

17,092
14,092
3,000

18, 154
14, 902
3,252

16, 740
13, 786
2,954

16, 714
13, 942
2,772

12,605
10, 521
2,084

12, 878
10, 918
1,960

16, 996
14,100
2,896

17, 758
14, 800
2,958

5,454
780

6, 184
896

6,604
927

6,227
867

6, 248
930

6,156
847

6,645
830

5,706
779

5, 160
652

7,670
822

6,998
884

6,631
738

6,467
835

6,855
496

6,809
628

Si 37
60
109

9.53
61
111

9.89
62
107

9.85
65
110

10.24
70
112

10. 11
57
103

9.08
48
112

9.36
56
102

9.54
61
113

9.14
63
119

9.96
65
110

9.36
65
123

10.03
63
115

9.10
57
112

9.99
65
106

10.15
66
116

243
7238
157
138
94
2,831

430
302
210
201
86
7,561

288
238
218
174
74
3,287

238
195
186
174
56
2,283

191
167
127
116
50
1,061

173
186
123
130
53
654

206
207
130
97
74
708

179
225
102
96
95
782

243
234
136
115
151
977

175
1,453

168
2,393

175
5,064

131
8,558

105
8,364

80

Foreign travel:
218
U.S. citizens: Arrivals
l
thous..
216
Departures
__do
130
Aliens: Arrivals
_
_ _ _ _ _ _ _ _ .do
110
Departures..
do
88
Passports issued and renewed
____
do
2,779
National parks, visits f
do
Pullman Co. (qtrly. avg. or total):
629
Passenger-miles (revenue)
.mil..
Passenger revenues
__-thous.$__ 10,477

555
9,441

578
9,818

476
7, 989

528
9 066

915.3
492.1
324.3
529.8
167.3
75.9

921. 3
497.0
322.6
539.6
165.3
76.4

82,835.2
81,518.5
81,005.7
81,715.6
8 488. 9
77 4

82,833.3
81,531.5
8 987. 6
81,687.6
8 505. 2
78.3

82, 896. 2
81,547.3
81,028.2
81,750.8
8 518. 5
79.2

25, 113
22, 170
1,840

25, 256
22, 089
2,106

8 75,432
8 64,860
8 8, 194

8 73,656
8 65,493
8 3, 862

8 77,319
8 67,603
85,609

2,885 6 9, 164
2,423 6 6, 992
105 6 1, 561

8-27, 310
821,158
8 4, 143

8 27,187
8 21,258
8 4, 720

8 28,756
s 22,146
8 5, 302

473
8,054

COMMUNICATIONS
Telephone carriers:
Operating revenues 9
-__mil.$...
Station revenues
do
Tolls message
do
O perating expenses (before faxes)
.do
Net operating income
do
Phones in service, end of period,
milTelegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
_ _ _ _ ..thous .$...
Operating expenses, incl. depreciation. ...do
Net operating revenues
do
Ocean-cable:cf
Operating revenues
do
Operating expenses, incl. depreciation
do.— Radiotelegraph :cf
Operating revenues.—
_
_
Operating expenses, incl depreciation
Net operating revenues
r

do
do
do

845.6
911.5
465.4
493. 5
318.9
289. 7
495.7
541. 3
7 147. 5 7 160. 4
77.4
73.7
23,902
21, 094
1,680

24, 951
22, 014
1,757

3,064
2,928
72,527 7 2, 252
U95
7348
5,077
3,883
982

6,026
4,662
1,119

5,773
4,609
946

Revised. 3 1 Annual index.
2 Number of carriers filing complete reports for 1963
and
1964.
Data cover
5 weeks; other periods, 4 weeks.
* Based on unadjusted, data.
5
6
Quarterly average.
See
note
"<?."
7 Based on revised total; monthly revisions not
8
available.
Quarterly total.
9 Restated for 1st qtr. 1964.
§ Effective 1st qtr. 1965,
carriers reporting both intercity and local and suburban schedules are classified as intercity
if intercity revenues equal or exceed 50 percent of revenues from both operations.
f Re visions for 1962 are in the Aug. 1963 SURREY.
9 Includes data not shown.




(6)

-4

(6)
(6)

'«

AEffective 1st qtr. 1965, class I railroads are those having annual operating revenues of
$5,000,000 or more; prior to 1965, those with $3,000,000 or more.
^Beginning Jan. 1965, visits to Canyonlands Natl. Park are included; such visits,for the
first seven months of 1965 totaled 12,500.
d" Effective Sept. 1964, ocean-cable and radiotelegraph carriers have been classified by FCC
as "international" telegraph carriers; data for month of Sept. 1964 and quarterly data beginning 4th qtr. 1964 cover operations for this group.
)

SURVEY OF CURRENT BUSINESS

October 1965

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

| 1964

Monthly
average

S-25

1964
Aug.

Sept.

1965

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
1,155
Acetylene
mil. cu . ft
Ammonia, synthetic anhydrous (commercial)
thous sh tons
556. 8
90.2
Carbon dioxide, liquid, gas, and solid
do
455. 3
Chlorine, gas (100% Ch)
"'"".. do _
90.0
Hydrochloric acid (100% HC1)
do
353.6
Nitric acid (100% HN03)
do
10 705
Oxygen (high purity)
mil cu ft
242. 1
Phosphoric acid (100% PjOs)
thous sh tons
Sodium carbonate (soda ash), synthetic (58%
390.1
Na2O)
thous. sh. tons
11.2
Sodium bichromate and chromate
do
484. 5
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
45.9
thous sh tons
Sodium sulf at 6s (anhydrous, refined; Glauber's
102
7
salt" crude salt cake)
thou^ sh tons
Sulf uric acid (100% H2SO4)
do .. 1, 744. 7
Organic chemicals, production :<?
A cetic acid (synthetic and natural)
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil

DDT
rail.
Ethyl acetate (85%) ...
.
Ethvlene glycol
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of month
Methanol:
Natural
.. - __.—
Synthetic
Phthalic anhydride
ALCOHOL
Ethyl alcohol and spirits:
Production. _ _
_
Stocks, end of month.
Used for deriaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of month
FERTILIZERS
Exports, total 9
:____•
Nitrogenous materials
Phosphate materials
Potash materials..

mil Ib
do
do
mil. gal

Ib
do
do
do
.

87 1

uoe o

2.4
8.2

1, 276

1,323

1,357

1,378

1 374

1 390

1,408

1,271

1,439

1,425

1,420

1,401

1, 385

630 0
91 9
491.1
102 3
384. 1
13 254
271 9

614.1
112. 6
500. 4
104 7
355.7
13,476
266.6

589.3
100.6
494.6
103 1
371.6
13 264
268 6

613 9
90.9
513.5
107 3
419.5
14 059
278 6

640 2
81 2
502 5
106 4
420.1
14 225
275 3

699 6
84 4
523.6
108 7
445 2
14 652
272 6

679 3
83 6
529.4
114 5
460.1
15 080
284.1

650.4
80.1
482.1
98.1
409.5
14, 263
272.2

707. 2
91.4
548.0
109.2
439.5
16 321
304 4

717.6
94.3
533.0
106.2
415. 1
15 603
324 0

721.5
107.7
544.7
107.4
351.5
15 314
338.1

707.9
111.7
524.5
106.2
291.4
15, 057
350.9

698.2
114.2
540.0
105.8
350.2
15, 064
306.9

412. 6
11 3
518.3

431. 6
11.8
537.0

408.9
10.9
517.3

428.6
11 4
539.7

428.3
11 3
525 2

394.0
12 2
557.0

402. 6
11.6
568.4

382.5
11.4
498.1

436.5
12.2
571.9

415.9
11.2
557.8

406.8
12.4
569.4

398. 5
11.6
549. 7

411.8

47 1

40.5

46 7

44.1

42.2

48.9

56.1

46.8

46.6

45.7

45.4

115.5
1,957.9

114.9

54.8

57.1

102. 8
108 5
1910. 3 1,813.9

108 0
1,853.3

112 1
1,959.0

111 2
1,933.5

114. 3
2,037.1

81.9
116. 9

89.4
123.4

94.9
118.3

112. 6
118.9

100.0
135.8

10.6

12.0

2

8. 2

2.0
7.9

92 8
116.2

2.4

!9. 6

1.9
8.4

2.2

10.0
3

2.5
9.8

(3)
6.4

2.2

(3)

2.5

2.4

9.5

572.0

105.3
104.0
112 4
108.1
114 9
119. 6
1,931.9 2, 044. 2 2, 101. 2 2, 116. 3 2, Oil. 0 1, 998. 7

114.7

126 7

117.0

116.5

10.3

10.0

10.4

11.1

12.8

8.1

13.7
10.1

2.4

2.5

2.3

134.0

1.9
9.3

128.4

2.3

119.6

10.7

2.3
9.0

13.4

13.2

13.5

14.9
*9.8
1138 3
1
211. 4

156.3
235. 1

169 3
252.9

11.1
150 7
238.6

(3)
7.5

11.3

10.5
147.4
236.5

10.7

i 149 5
i 229.' 4

161 4
247.3

234.4

229.4

264.3

256. 7

250.3

263.0

253.2

252. 3

25.3
24.3

26.4
28.6

26.5
32.3

26.2
31.2

25.3
29.6

26.3
30.1

26.2
27.6

31.8
32.6

26.2
37. 3

30.7
32.2

25.1
27.6

31.4
30.1

31.6
25.5

25.7
28.6

30.3
29. 5

do. _
do

1 10. 3

8.7

8.7

()
7.3

3.3

8.8

9.1

8.7

8.7

8.3

.1

.1

.1

.1

.1

.1

.1

.1

31.9
49.9

34.1
56.5

34.0
47.3

.1

32.7
46.3

32.2
41.1

.1

29.3
38.2

37.7
49.2

36.1
46.9

31. 7
42. 7

33.2
50.8

36.1
48.6

37.4
51.3

37.2
46.3

37.2
'49.1

mil. tax gal
_
do
do
do

57.7
171.5
44.4

57.0
186.7
45.9

5.6

60.2
188.6
45.9

69.2
184.3
44.8

60.' 7
188.7
47.1

59.7
192.9
46.3

51.5
186.3
50.7

54.6
191.7
43.5

64.2
191. 2
55.6

54.0
187.0
52.2

58.9
190.4
50.8

55.5
190.9
50.5

56.9
191.1
51.0

5.3

55.1
190.0
47.0

mil. wine gal
do
_ do

23.9
24.0

24.7
24.7

3.0

3.5

25.4
24.8

24.7
.23.7

24.5
25.6

25.4
24.7
4.0-

24.9
25.5

25.6
26.4

23.4
22.8

31.0
29.6

28.0
28.8

27.2
27.5

27.1
27.9

27.4
27.0

thous. sh. tons
do
_
do
do

625
55
488
59

798
67
595
86

948
63
691
105

936
101
659
108

1 044

744
44
522
122

1,038

535
31
408
4
59

525
39
430
43

874
44
687
89

1T 077
125

1, 026

1,039

826
68

835
107
650
57

1,005

117
817
91

Imports, total semimanufactures* 9
_ _ _ _ _ do
Ammonium nitrate
_ _ _
do
Ammonium sulfate..
____do
Potassium chloride _ _ _ .
do
Sodium nitrate __
,
do

205
21
20
73
34

233
17
15
100
30

224
21
7
117
23

227
20
12
104
25

219
19
14
116
25

239
16
16
119
24

237
12
14
112
30

11
23
99
26

9
24
123
23

14
30
159
33

17
28
204
72

17
11
133
32

12
8
71
42

16
10
76
26

19
6
191
22

Potash deliveries (KaO)
do
Superphosphate and other phosphatic fertilizers
(100%P305):
Production
__•.___
_ thous. sh. tons
Stocks, end of month
do

227

257

355

189

296

181

196

357

206

348

459

301

116

199

269
419

289
379

256
417

258
396

296
373

^289

294
431

303
400

295
395

333
336

353
224

343
220

305
348

275
450

.

mil. gal__
do
mil. lb_

1

.1

4.7

3.4

6.2

4.5

7.8

3.4

6.7

407

5.5

3.4

135
721
129

4.9

3.3

4

4

4

4.9

4.0

5.6

6.6

6.0

5.0

r

.1

5.3
5.8

.1

6.1
5.1

78
828
77

.1
35.9
48.1

4.9

5.6

126
703
116

97
803
101

MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
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 (Frasch) and recovered:©
Production
thous. Ig. tonsStocks (producers'), end of month.
__ do
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
..mil. Ib
Thermosetting resins:
Alkyd resins
do
Coumarone-indene and petroleum polymer
resins....
_
_
mil. lb_.
Polyester resins
do
Phenolic and other tar acid resins.
_ do
Urea and melamine resins
do.
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
.... ,
. , .
mil.lb..
Vinyl resins (resin content basis)..
do
Polyethylene
.... _
do

5236
«284
6 301,665 5320,403

289

321

347,691

387 057

e 157.5
893.8
«63 7

166.8
97.8
69.1

i486
4, 875

4,660

12.7

13.4

12.1

14.6

13.6

14.8

14.2

10.3

12.1

14 6

14.2

14.4

15.8

11.8

!50.5

145.4

49.2

45.5

45 7

38 2

39 0

41 9

44 4

53 9

51 1

50.0

54.5

47 7

129.5 . i 28. 3
21. 2 125.7
161.7
167.8
143.2
143.9

25.3
25.8
70.4
44.1

34.4
26 8
70.4
47.1

32.0
28 4
75.1
49.1

27.2
25 1
68.0
44.2

25.3
25 9
69.0
45.3

24.8
24 5
69.2
43.0

25.4
28 9
68.8
43.6

29 9
33 9
80 2
47.5

28.7
34 5
76.4
44.2

26.1
33 7
71.8
46.9

25.4
35 5
72.9
48.2

28.7
32 1
66.9
40.0

i 144. 8
i 169. 5
1
217. 1

144.8
177.9
221 0

143.4
171.4
227 3

150.1
190.4
215 0

155.1
174. 5
216 8

158.0
178.4
223 8

159.8
182.2
929 1

145. 5
168.8
216 2

171.9
194 4
241 2

165.4
190 8
937 g

167.8
181.6
256 9

168.9
181.4
256 4

150.4
169. 9
254 3

521

1

1 124. 5
U46.7
1189 2

181.3
111 5
69 8

533

4,659

176.4
104.2
72 2

510

4,665

163.1
95 3
67 8

476

4,588

T
Revised.
i Based on annual total containing revisions not distributed by months.
2
Beginning Jan. 1965, data exclude creosote in coal-tar solutions 4(formerly included); these
averaged 927,000 gallons per month in 1964.
3 Not available.
See note "Q" for p. S-21.
s Quarterly average.
6 Beginning Jan. 1963, the estimated totals are based on a new and
larger sample and reflect improved estimating methods, which affect comparability with
data for earlier periods; Oct.-Dec. 1962 estimated totals on the new basis appear on p. S-25
of the Feb. 1964 SURVEY.




160

310

279 164

337, 431
145.8
80 7
65 1

553

4,562

133.7
66 2
67 5

596

4 403

141.3
74 7
66 6

610

4,476

155.9
85 9
70 0

560

4, 500

184.4
101 8
82 6

614

4 451

191.9
110 3
81 6

594

4 333

201. 8
121 9
79 9

625

4,272

216.9
129 6
87 3

611

4 178

200.6
124 3
76 8

627

4 058

195.7
122 0
73 7

628
4 009

cTData are reported on the basis of 100% content of the specified material unless otherwise
indicated.
9 Includes data not shown separately.
*New series. Data exclude some materials (chiefly crudes) shown in the former series.
Monthly data prior to Jan. 1963 may be obtained from Bu. of Census reports.
©Monthly data for 1952-62 (1962 revised) appear on p. 28 of the Dec. 1964 SURVEY; production for Aug. 1957 should read 517,000 long tons.

SUKVEY OF CURRENT BUSINESS

S-26
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

Monthly
average

October 1965

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil.kw.-hr.- 84, 007
76, 177
Electric utilities total
do

62, 393
13, 784

89, 900
81, 646
66, 986
14, 660

94, 949
86, 647
72, 763
13,884

89, 465
81, 376
68, 319
13, 057

89, 382
80, 941
66, 907
14, 034

87, 976
79, 753
65, 600
14, 153

95, 713
87, 222
71, 046
16,476

196,621
187,979
170,729
117,250

88, 136
80, 206
64,447
15, 759

96,601
87, 839
70. 490
17,350

90,336
81, 852
64, 997
16, 856

93, 320
84, 745
68, 134
16, 610

96, 142 101, 631 101, 858
87, 761 93,102 95, 240
72, 023 77, 178 79, 571
15, 738 15,924 15, 670

62,096
Privately and municipally owned util. — do
Other producers (publicly owned)
do.... 14, 081

66, 942
14, 703

71,588
15, 059

67, 340
14, 036

66,667
14, 274

65, 530
14^223

71,455 171,187
15, 767 1 16, 792

65,049
15, 157

71, 185
16, 655

67,036
14,816

68, 959
15, 786

71,916
15, 845

76,062
17, 040

-do

7,830
7,567
263

8,254
7,989
265

8,302
8,084
218

8,089
7,872
217

8,441
8,197
245

8,224
8, 003
221

8,491 i 8, 642
8,227 i 8, 364
264
1278

7,930
7,655
275

8,762
8,450
312

8,484
8,173
311

8,575
8,257
319

8,381
8, 126
255

8,530
8,298
232

Sales to ultimate customers, total (EEI)_....do
Commercial and industrial:

69, 234

74,196

78, 514

77, 433

73, 925

72, 557

76, 100

78,718

77, 124

77, 852

76, 693

75, 598

78,238

80, 576

13,876
32,367

15,270 17, 781
34, 113 34, 829

17, 133
35,080

15, 496
34, 749

14, 339
34, 718

15, 001
34, 802

15, 265
34,382

15, 060
33,944

15, 171
35, 485

15, 170
35, 677

15, 517
36, 336

17,571
36,641

18, 745
35, 851

367
22, 323
680
1,690
160

377
20, 648
734
1,767
155

425
20, 413
789
1,724
148

432
23, 110
822
1,790
144

449
25, 812
865
1,809
136

441
25, 058
716
1,771
134

429
24, 096
763
1,764
143

393
22,882
660
1,771
140

365
20, 808
655
1, 768
149

357
21,046
631
1,822
170

357
23, 023
644
1,775
181

Industrial establishments total

Large light and power§

do

389

393

do ... 20,141 21, 834
691
646
do

Residential or domestic
Street and highway lighting

1,683
133

1,746
149

357
22, 966
638
1,774
169

8,617
8,407
211

Revenue from sales to ultimate customers (Edison
Electric Institute).
....mil. $.. 1, 141. 4 1, 200. 7 1, 272. 4 1,256.9 1, 201. 6 1, 171. 3 1,221.4 1,262.8 1,240.2 1,232.4 1, 215. 6 1,205.1 1,243.2 1,287.0
GAS

Manufactured and mixed gas (quarterly) :c?t
Residential
Industrial and commercial. ...—

do
do

1,540
1,439
99

964
'899
64

775
724
50

798
745
51

785
734
51

703
660
42

Residential
Industrial and commercial

do
do

495
336
155

385
244
138

159
69
89

358
220
135

553
367
186

300
171
126

59.0
44.3
14.4

41.3
29.3
11.7

17.2
10.0
71

34.3
24.4
10 6

51.4
36.5
14.9

29.1
19.1
97

thous.. 33, 940
31, 207
do
2, 695
-do

35,435
32, 593
2,802

35 307
32, 537
2,731

36, 298
33, 350
2,908

36, 438
33, 418
3 020

36,308
33, 396
2 872

mil. therms- 2<6, 412
do . 8, 828
do__-- 16, 279

28, 585
9,425
17,823

21, 155
3,183
16, 752

28, 608
9,390
17, 887

38, 799
17, 577
21, 222

27 805
8,529
18, 181

Revenue from sales to consumers, total 9 ..mil. $ 1,620.6 1,740.1
886. 2
943.1
Residential
do
689. 0
749.5
Industrial and commercial
do

1,079.7
426.8
613.6

1,759.5
950.3
761.2

2, 624. 5
1, 620. 1
1, 004. 5

Revenue from sales to consumers, total 9
Residential
Industrial and commercial
Natural gas (quarterly) tcft
Customers, end of quarter, total 9
Residential
Industrial and commercial
Sales to consumers, total 9
Residential
Industrial and commercial

_

mil. $..
do --do

____

- _ _ _ 1, 676. 5
884. 9
753.6

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 gal
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
Imports
mil proof gal

8 39

?' 82
10 76
12 50

8 82
8*22
11 07
13 58

9 88
9 40
11 56
9 13

8 40
8 27
11 13
14 36

7 73
7 65
10 68
17 07

6 95
7 03
10 13
16 07

8 10
7 71
9 99
15 53

7 75
6.54
10 73
15 03

7 34
6 32
11 30
13 96

9 84
8.58
11 93
15 93

9 22
8.43
12 08

10 05
9.24
12 24

15 72

14 44

r

11 21
10.21
12 50
14 01

10 42
9.85
12.38
8 32

58
35
90
82

23
11
868
4

00
10
76
22

20
10
866
3

71
62
18
58

22
12
863
4

02
04
74
69

26
14
860
5

18
79
08
86

27
13
859
6

84
30
49
07

34
10
862
5

24
16
42
70

19
9
864
3

21
82
86
12

18
9
866
3

98
85
37
31

24
10
868
5

06
93
44
06

22
10
870
4

64
22 49
95
11 30
39 r871 05
66
3 96

24
11
870
4

07
95
65
58

22
9
866
3

18
85
20
41

4.33

8 74
7.08
852 54
3 35

9
7
841
3

41
45
75
40

5
6
839
3

41
68
97
07

9
8
837
4

69
41
21
00

11
10
832
5

06
85
56
19

10
9
830
5

40
60
05
46

11
6
832
5

42
83
18
07

11
6
834
2

36
71
46
76

10
6
835
2

66
98
65
96

12
7
837
4

27
36
95
31

11
6
840
4

50
86
22
10

9
6
841
3

08
94
10
93

3 76
5.65
836 60
3 00

3.82

21
10
876
3

10
6
840
3

05
92
97
43

Rectified spirits and wines, production, total
7 6g
7 65
mil. proof SB.]-. 7.24
6 31
8 10
6 69
7 42
7 24
8 42
7 51
6 37
9 74
6 47
10 95
Whisky
proM gai
5 27
5 46
4 38
5 06
7 24
4 14
5 12
4 88
4 58
5 46
5 19
6 10
4 45
8 26
Wines and distilling materials:
Effervescent wines:
en
Production
mil wine gal
32
66
40
54
57
42
50
44
43
77
49
Taxable withdrawals
do
31
51
35
41
44
72
35
42
45
38
50
67
75
28
Stocks, end of month
do —
3 60
3.00
3 62
3 49
3 47
3 569
3 17
3 38
3 00
2 69
3 36
2 66
3 25
3 05
Imports
do
09
07
10
10
I
13
10
07
09
06
16
20
06
13
Still wines:
0A.
Production
_
do
2
53
16 86
1
48
3 12
3 28
59 12
16 10
3 73
13 27
3 36
3 05
95 09
6 68
3
Taxable withdrawals..
_
do . 13 11
Y> 35
9 91
14 20
12 22
13 59
12 27
13 73
13 84
16 25
15 01
14 66
12 68
15 38
r
Stocks, end of month
do
185. 02 188 82 130 04 177 81 251 82 243 53 231 23 218 15 207 19 193 14 179 75 170 56 157 01 146 16
Imports
do
1 11
86
1 27
1 21
1 27
1 54
1 09
91
1 41
1 35
51
1 39
1 86
Distilling materials produced at wineries ..do. . 39.41 30 59
2 39
3 42
3 42
3 79
9 84 132 38 146 22
4 01
3 48
35 19
18 26
5 18
CQ

CO

QA

' Revised.
i Beginning Jan. 1965, data include Alaska and Hawaii
•
©Revisions for months of 1962 appear on p. 24 of the Mar. 1964 SURVEY; those for the
months of 1963 on p. 28 of the Apr. 1965 SURVEY.
„! §P-«ta ^re ?ot wj?°llv comparable on year to year basis because of changes from one size
classification to another.




9 67
9.61
11.68

08

1 01

d"The averages shown for gas are quarterly averages.
JRevised data for 1st and 2d qtrs. of 1962 appear in the Sept. 1963 SUBVEY; those for 1st and
2d qtrs. of 1963 will be shown later.
9 Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1964

1963 | 1964

Monthly
average

S-27

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

/

June

July

Aug.

Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory) totalj
American whole milkf

mil. lb__ 118.3
328.4
...do
.590
$ per lb_.

120.2
179.7
.599

95.0
221.2
.604

86.3
180.9
.623

95.0
149.2
.616

95.8
95.3
.629

121.0
66.5
.604

132.8
63.1
.587

126.0
71.0
.587

141.6
98.9
.587

140.2
132.1
.595

146.4
165.8
.598

135.8
207.9
.599

106.6
219.5
.602

85.9
192.0
.620

136.0
92.4

143.9
96.5

139.2
94.8

129.9
86.1

131.6
83.4

122.2
75.7

137.7
84.3

132.7
87.1

128.3
83.7

153.1
100.5

162.1
110.8

179.3
129. 2

179.8
128.8

161.3
113.0

142.5
96.7

Stocks,x;old Storage, end of month, total
do — 385.0
344.9
American whole milk
_
_ do
6.9
Imports
do
Price, wholesale, American, single daisies (Chi.426
cago)..
.—-$ per lb_.
Condensed and evaporated milk:
Production, case goods :t
6.6
Condensed (sweetened)
. ..mil. lb__
158.1
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
6.6
Condensed (sweetened)
mil. lb__
Evaporated (unsweetened).
do-~_ 162.9
Exports:
4.7
Condensed (sweetened)
do
5.4
Evaporated (unsweetened)...
_do._...
Price, manufacturers' average selling:
6.01
Evaporated (unsweetened)
$ per case..
Fluid milk:
Production on farms
mil. lb__ 10, 417
Utilization in mfd. dairy productsc?
— -do___. 5,096
Price, wholesale, U.S. average.....-! per 100 lb__ 4.11
Dry milk:
Production :t
7.6
Dry whole milk
mil Ib
175.5
Nonfat dry milk (human food)
_ _ do
Stocks, manufacturers', end of month:
5.7
Drv whole milk
.. do___.
95.0
Nonfat dry milk (human food)
do
Exports:
2.5
Dry whole milk
..
do
44.6
Nonfat drv milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.144
milk (human food)
_$perlb_.

344.1
302.4
6.5

386.1
338.6
4.6

363.5
318. 6
6.9

345.1
302.5
6.6

335.2
292.8
9.3

326.0
283.6
8.6

311.8
271.4
1.5

298.8
259.7
6.1

292.4
252.3
9.4

310.9
271. 6
8.0

342.1
299.3
7.0

378.7
333.2
6.3

402.0
354.7
4.2

404.7
357.1
4.2

.434

.431

.446

.451

.451

.455

.450

.444

.444

.441

.439

.439

.439

'•.441

7.9
157.3

8.7
172.4

7.2
145.1

7.8
131.8

6.6
114.2

10.5
127.3

9.3
122.5

4.6
120. 5

8.0
133.1

10.1
149.4

9.4
183. 7

5.4
180.8

9.1
159.2

8.5
152.7

8.5
173.9

9.9
286.3

10.3
9.6
8.3
231.1 ' 227. 4 219.5

6.9
185. 3

7.3
154.5

5.8
123.8

5.7
99.8

7.0
113.6

7.7
165.9

7.9
199.0

9.1
224.9

8.5
235.6

5.2
3.1

6.8
3.1

6.5
1.3

15.1
12.1

5.9
1.7

5.1
1.4

7.0
1.4

6.3
1.7

3.5
2.0

4.4
2.7

6.9
2.4

mil. lb__
do

GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat). ..mil. bu..
Barley:

103.4

3.9
5.3

4.6
5.9

6.8
1.9

5.99

5.93

6.00

6 08

6.09

6.09

6.09

6.09

6.09

6.09

6.07

6.07

6.07

6.08

10, 550
5,240
4.16

10,235
4,942
4.09

9,636
4,342
4.33

9,700
4,286
4.50

9,419
4,086
4.53

9,991
4,768
4.46

10, 342
5,075
4.37

9,796
4,939
,4.29

11, 155
5,765
4.17

11,416
5,942
4.02

12, 300
6,435
3.89

11, 773
6,354
3.86

10,888
5,554
4.01

10,151
4,800
'4.18

7.3
181.4

6.2
150.1

7. 2
121.7

>8.7
127.2

7.4
135.9

8.3
177.2

8.5
186.0

7.5
183.3

8.1
203.4

8. 5
217.3

7.6
244.6

7.7
224.9

5.6
169. 8

4.7
131.2

,6.4
104. 7

5.9
115.4

6.0
94.2

6.3
87.6

6.0
92.0

7.0
108.8

7.6
117.4

7.7
127.7

6.7
114.6

8.8
123.2

7.7
153.3

7.8
154. 9

7.6
135.5

6.8
111.5

1.6
69.A

.9
65.5

6.1
65.1

.8
51.5

.7
66.9

1.1
49.7

i.7
18.3

1.2
7.6

2.2
11.1

1.8
51.0

2.7
30.3

1.2*
44.4

1.1
53.0

3.1
63.3

.146

.146

.148

.148

.146

.146

.145

.146

.144

.145

.145

.145

. 146

.147

118.3

99.4

115.1

115.4

132.9

153.3

i 29.7

67.3

142.4

114.8

120.4

127.3

3.7

24 405. 6 2403.1
285.9 4 271. 8
4
166.9 44 161.0
4
119.0
110. 8
4. 8
6.1

127.5

3.4

10.2

7.6

11.2

2.5

205.6
107.2
97.8
2.3

5.2

5.0

1.21
1.13

1.16
1.06

1.23
1.17

1.26
1.19

1.25
1.20

1.25
1.19

1.27
1.21

1.31
1.25

1.31
1.23

1.33
1.23

1.39
1.32

1.39
1.27

1.34
1.23

1.28
1.26

Corn:
Production (crop estimate, grain only). .mil. bu._ 24,092 2 3, 549
15.4
16.1
Qrindlngs, wet process
do —

15.7

15.9

16.6

15.6

14.7

16.7

15.9

17.5

16.8

17.3

17.1

16.8

18.5

780
1, 814
4966
40.1

42.9

s 1, 510
5 655
5855
39.5

44.3

57.4

3,922
2,784
1,138
45.0

17.7

40.3

2,836
1,897
939
68.1

42.1

46.3

1,926
1,265
661
57.5

51.6

48.8

1.24
1.20

1.23
1.23

1.25
1.23

1.26
1.25

1.21
1.22

1.17
1, 20

1.24
1.25

1.26
1.28

1.29
1.26

1.31
1.28

1.33
1.31

1.36
1.31

1.34
1.28

1.33
1.26

1.28
1.21

2979
620
545
4
76

2882
4604
4519
4
86

Off farms
Exports Including malt§
Prices, wholesale (Minneapolis):
No 2, malting
No. 3, straight
-

do
do
$perbu—
do

Stocks (domestic), end of quarter, total
mil. bu_.
On farms
do
Off farms
do
Exports, Including meal and
flour
do
Prices, wholesale:
No 3 yellow (Chicago)
$ per bu
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate)
Stocks (domestic), end of quarter total
On farms
.
Off farms
•

1.19
1.11

mil. bu_.
do
do
do

Exports, Including oatmeal..
do
Price, wholesale, No. 2, white (Chicago) t
$perbu_.

4
4

2,720
1,786
4
934
36.6

4
4

4
2,
4

712
624
88

873
753
120

.9

.4

.6

.8

.9

.5

.4

.73

.70

.68

.71

.71

.72

.77

Rice:
Production (crop estimate)
.mil. bags 9 — 270.3
California mills:
122
Receipts, domestic, rough
..mil. lb._
85
Shipments from mills, milled rice..
do
Stocks, rough and cleaned (cleaned basis), end
132
of month
_
_
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers. . . . ...mil. Ib— 438
270
Shipments from mills, milled rice..
do
Stocks, domestic, rough and cleaned (cleaned
997
basis), end of month
mil. Ib—
220
Exports
do
.093
Price, wholesale, Nato, No. 2 (N.O.)
$perlb—

(1C)

.78

r .1

.72

(«)
.74

127
85

4.38

1.27
1.25
» 4, 179

1.28
1.23

8994

8
283
6221
« 63

474
403
71
(«)
.77

.5

.7

2.3

2.9

.77

.74

.72

.72

. 7il
3

273.1
68
42

44
53

361
76

83
56

87
49

121
58

186
182

197
114

158
151

125
134

82
45

79
76

75.6

65
28

123

54

28

18-3

180

185

210

161

189

150

91

98

70

87

462
305

717
208

1,348
335

1,758
436

407
308

258
329

306
270

158
175

101
438

102
341

62
275

66
7422

238
220

907
244

1,045
248
.086

559
79
.088

1,122
160
.083

1,844
200
.083

1,818
154
.083

1,670
273
.083

1,615
1193
.083

1, 535
143
.083

1,225
540
.083

945
161
.084

718
392
.084

374
247
.084

334
322
.084

709
97
v .084

Rye:
Production (crop estimate)
mil. bu. 4229.2 233.5
Stocks (domestic), end of quarter, total
do
15. 0 4 16. 8
29.7
Price, wholesale, No. 2 (Minneapolis)—! per bu1. 30
1.28
1.20
1.27
1.25
r
Revised.
» Preliminary.
1 See note "O" for p. S-21
2
4
Crop estimate for the year.
a Oct. 1 estimate of the 196 5 crop,
terly
ave
rage,
Quar
« Old crop only; new crop not reported until beginning of ilew crop year (Ju ly for b£irley,
oats, rye, and wheat; Oct. for corn, e Less than 50,000 bu. 7Beginning Ju ne 1965, data
include shipments to Gov't agencies.
JRevisions are available upon request as follows: Jan. 1961-June 1962 and J{in.-May 1963
for cheese and nonfat dry milk; Jan.-June 1962 and Jan.-May 1963 for butter arid conde]used,
evaporated, and dry whole milk.




6 102.5
«40.8
5 61. 6
7.8
9.3

9,443

8 407. 7

310.2
190.4
119.9
4.3

do

.449

120.3

409.6
260.9
148.7
6.0

Stocks (domestic) end of quarter total

.627

332.8
21.2
17.fi
512.5
1.2l
1.21
1.18
1.17 ' 1.18
1.14
1.16
l.li
1.10
1.13
1.15
d" Revised series; data reflect inclusion of creamed cottage cheese and frozen products
(formerly excluded). Revisions for 1946 1 and 1952-58 (former series) and 1958-62 (revised
series) appear on p. 24 of the Mar. 1964 SURVEY (data for the latter series have been further
revised ; these revisions will be shown later) .
fExcludes a small amount of pearl barley,
f Revised series (for No. 2; formerly, for No. 3).
9 Bags of 100 Ib.

SURVEY OF CURRENT BUSINESS

S-28
1963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1964

Monthly
average

October 1965

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

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_. 1 1, 142 11,290
1266
do ... :i234
:i908 1 1,3 025
--do
'337
364
do
3 1, 564 31,342
Stocks (domestic), end of quarter, total
do
"253 3 3 281
1,061
0 f¥ farms
do - 31,311
868.4
59.7
Exports total Including
flour
do
53.3
62.2

380

1,812
506
1 306

362

304

1,450
390
1,060

1,146
264
882

2 1, 354
2302
2 1, 052
328
4

819
*133
4
686

52.3
44.6

66.5
60.4

59.9
51.5

67.4
61.9

71.7
64.8

6 20. 8
619.7

24.5
22. 6

71.8
69.1

68.8
62.3

65.4
62.6

59.7
56.1

68.2
64.9

63.6
58.3

2.06
1.86
1.92

1.74
1.58
1.69

1.80
1.63
1.72

1.84
1.66
1.75

1.84
1.68
1.75

1.82
1.65
1.71

1.80
1.63
1.70

1.80
1.61
1.69

1.80
1.57
1.69

1.81
1.54
1.67

1.81
1.52
1.65

1.81
1.46
1.61

1.86
1.50
1.64

1.79
1.59
1.70

22, 135
93.5
412
50, 184

20,835
89.7
390
47, 324

23,329
100.6
435
52, 968

25,017
102.9
462
56, 463

22, 311 21, 104
86.6
101.0
396
416
50, 765 47, 910

20, 166
92.7
377
45, 750

20, 128 19, 656
83.3
89.5
373
364
45, 511 44, 331

23, 500
97.1
433
53, 168

18,689
80.9
346
42,328

22, 169
91.6
408
50, 275

35,276
2,629

3,289

4,840
2,620

3,606

2,347

5, 068
2,956

6467

812

4,709
1,185

2,792

1,195

4, 846
1, 554

1,403

2,277

5.652
5.390

5.765
5.510

5.673
5.487

5.735
5.493

5.773
5.477

5.623
5.387

5. 610
6.387

5.585
5.310

5. 560
5.303

5.585
5.280

5.573
5.260

5.740
5.360

402
378
2,094
1,805
1,173 7 1, 231
551
591

384
2,125
1,228
588

453
2,199
1,301
861

514
2,359
1,619
1,286

442
2,111
1,528
1,309

449
2,254
1,245
527

404
2,166
1,207
428

384
1,919
965
279

473
2, 226
1, 113
332

411
2,021
911
354

340
2,043
995
367

378
2,219
1,152
328

23.79
22. 95
30.00

22.86
19.79
26.21

24.94
19.30
22.50

25.82
19. 79
25.00

24.88
19.33
20.00

24.42
19.18
24.50

23.76
18.80
25.00

23.83
19.88
28. 50

23.50
19.85
30.50

23.80
21.31
27.50

25.01
22.04
29.50

26.40
22.68
27.00

27.44
23.88
27.50

5,965 5,972
1,646 7 1, 593

4,841
1,294

5,630
1,506

6,804
1,860

6,546
1,750

6,648
1,766

6,047
1,527

5,301
1,294

6, 534
1,480

5,802
1,274

4,719
1,199

4,717
1,260

4,430
1,090

4. 750
1, 166

1,228

16. 03

14.92

16. 21

16.40

15.13

14.07

14.94

15.58

16.56

16. 72

17.26

19.86

22. 26

23.09

23.88

22.49

13.6

13.2

14.1

13.8

13.7

13.5

13.0

13.4

14.0

13.8

13.7

16.0

18.1

18.9

20.2

18.7

1,163
444
200

1,079
7370
212

1,020
385
314

1, 141
511
433

1,213
551
394

997
394
134

1,053
336
134

1,062
278
122

850
209
129

986
227
133

989
199
136

918
229
116

966
294
136

r976
278
113

973
334
191

382

21.93
19.82

23.60
(9)

22.50
20.50
(9) 10 20. 31

19.75 20.62
(e) 10 19. 62

22.25
(9)

23.88
(9)

25.00
(8)

23.25
0)

26.50
(9)

26. 00
(e)

24.75
W

23.75
(9)

23.9 00
X)

Prices wholesale:
'
„%
No 1 .dark northern spring (Minneapolis)
$ per bu_. 2.42
2.20
No 2,hd. anddk. hd. winter (Kans. City) .do
2.33
Weighted avg., 6 markets, all grades
do
Wheat flour:
Production:
Flonr
thous. sacks (100 Ib.)__ 21,991
92. 6
Operations percent of capacity
407
Offal
'
_ _ _ _ - — -thous. sh. tons..
Grin dines of wheat
- thous. bu__ 49,, 976
Stocks held by mills, end of quarter
thous. sacks (100 lb.)_. 3 4, 712
2, 808
Exports
• -do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$perl001b._ 5.639
5.365
Winter, hard, 95% patent (Kans. Olty)..-do

18, 102 22, 629
89.6
83.3
419
336
41, 042 v 51,068

1.84
1.61
1.76

' 6. 013 * 5. 935
' 5. 653 P 5, 608

LIVESTOCK
Cattle and calves:
Slaughter (federally Inspected) :
Calves
-thous. animals..
Cattle
- - do
Receipts (salable) at 27 public markets. _ _ _ _ d o _ _ _ Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
•'
Beef steers (Chicago)
$ per 100 lb__
y Steers, stocker and feeder (Kansas City)..do_.__
Calves vealers (Natl Stockyards, 111 ) do
Slaughter (federally inspected) thous animals
Receipt"" (salable) at 27 public markets
do
Wholesale, average, all grades (Chicago)
$perl001b.__
Hog-corn price ratio (bu. of corn equal in value
to 100 lb live hog)
Sheep and lambs:
Slaughter (federally inspected) thous animals
Receipts (salable) at 27 public markets
do _ _
Shipments, feeder, to 8 corn-belt States _. do
Prices, wholesale:
Lambs average (Chicago)...
$ per 100 lb__
Lambs, feeder, good and choice (Omaha) .do

8

18. 69
17,, 83

8

428
2,337
1,254
533

1,304

27.01
26.71
23.22
22.97
' 25. 50 * 23. 50

26.93
22.92

••387
2,238
1,045
338

MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in), Inspected
slaughter
_____
mil l b
2,595 2,352 2, 165 2,288 2,194 2,283
2, 292
2,518 2,187
2, 473
2,221 2,405 2,754 2,553 2,665
Stocks (excluding lard), cold storage, end of
month
mil. l b _ _
689
442
592
675
610
404
723
681
493
'399
703
532
702
621
582
665
Exports (meat and meat preparations)!
do
44
37
45
45
68
44
37
55
50
65
616
62
33
48
56
Imports (meat and meat preparations)!
do
122
108
72
87
98
41
81
93
91
86
106
79
63
76
82
Beef and veal:
Production, inspected slaughter
....do
1,137.4 1, 304. 4 1, 278. 0 1,323.3 1,421.3 1.271.7 1, 370. 4 1,341.5 1, 187. 8 1, 365. 8 1, 235. 4 1, 238. 9 1, 329. 5 '1,323.1 1, 369. 7
Stocks, cold storage, end of month
_-___do_.
217.2 291.4 300.9 267.0
176.6 '186.5 ~~~203.~3
181.6
274.3 303.5 328.5 305.2 267.8 258.8 235.1 215.7
Exports. __
__ ___ _
do
2.4
2.2
2.0
2.3
15.6
7.6
2.4
4.2
4.8
63.4
3.1
3.7
6.0
5.8
Imports.... _ . _.
do
61.8
92 0
65.5
86.9
30.5
73.0
53.6
70. 1
38.5
59.2
99.9
58.1
39.2
53.5
72.4
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$ per 1 b
.403
.450
.417
.400
.462
.446
.403
.446
.450
.398
.430
.404
.418
.419
.424
.408
Lamb and mutton:
Production, inspected slaughter ..
mil lb
45.2
46.5
46. 3
55. 6
43.2
50.1
52.4
49.4
44.7
52.6
53.7
52.0
46.2
57.3
48.9
Stocks, cold storage, end of month
___do
11.0
11.4
9.9
19.5
10.3
10.2
11.2
''9. 8
16.2
12.3
15.3
13.1
10.6
16.1
13.7
13.0
Pork (Including lard) , production, Inspected slaughter
mii ib
1, 099. 0 1, 116. 6 896.9 1, 029. 2 1,275. 3 1, 232. 7 1, 241. 7 1, 122. 9 956.3 1, 179. 3 1,067.5 881.3 894.0 824.4 ,867.4
Pork (excluding lard):
Production, inspected slaughter...
do
856:. 6
751.4
937.6
848.6 692.5 697.7 656.3 698.6
870. 4
882.8
694.7 809.7 1, 000. 5
972.8 972.8
Stocks, cold storage, end of month.
do
279. 2 333.0 229.1 184. 0
292.0
318.9 334.8 334.8
223.5
176.1 '134.8
125.9
283.6
307.9
221.7 275.0
Exports
do
11.5
3.5
3.0
4.3
'4.9
11.1
5.5
7.3
3.8
5.9
6.6
62.6
5.8
4.3
8.9
Imports
....
do
22.1
17.6
20.5
7.4
27.7
21.0
17.5
15.9
17.9
26.8
18.6
20.6
18. 1
21.0
17.3
Prices, wholesale:
Hams, smoked, composite--.....
$ per lb
.464
P 5.72
.5^1
.485
.498
.563
.458
.475
.465
.483
.472
.462
.463
.498
.475
Fresh loins, 8-12 lb. average (New York) do
.443
.564
.454
.453
.512
.587
.557
.443
.571
.513
.503
.478
.403
.460
.452
.401
Lard:
Production, inspected slaughter
mil. lb
176.4
137.7
121. 7
122.3
179.4
149.
4
159.4
147.8
175.4
143-.5
159.
3
200.7
190.2
195.8
174.8
StocKs, dry and cold storage, end of mo
do
125.4
104.2
146.9
97.5
82.5
69.0
131.1 143.1
107.3
89.1
68.2
82. 4
150.9
103.8
127.1
Exports..
~do
44.8
12.9
20.0
29.3
56. 8
46.4
38.0
46.3
42.6
18.4
13.8
29.9
54.9
63.5
622.9
Price .wholesale , refined (Chicago).
$ per lb._
.122
P. 151
.136
.135
.148
.156
.140
.144
.131
M61
.160
.148
.149
.148
.150
T
Revised.
* Preliminary,
JRe pised eff 3ctive Ja n. 1961 iii accords nee with the Staridard In ;ernation al Trade Classi3
i Crop estimate for the year.
2Oct. 1 estimate o f the 196 5 crop,
Quarterly av<srage.
ficatio n (SITC ) group!ng of if eius; this grouping exclude 3 lard (iri eluded i n former export
V« -crop only; new grain not reported until begii ining o f i lew crop year (Ju ly for w icat).
series) and sau sage cas ings (fonnerly in eluded) I)ut inclu des mea t extract 3, etc. (formerly
.6 Beginning Jan. 1964, flour included in total is co nverted to grain equivale nt on ba sis of
excludLed). D ata for J an. 1961-Aug. 196 2 are available Lipon req uest.
2.33 bu. of wheat to 100 lb. of flour (2.3 bu. formerl y used),
e See note "C)" for p. S-21.
'Beginning July 1964, data are for 26 public mar kets.
Averge based on montl:is for
which quotations are available.
9 No quotation
10 Choi ce only.




SURVEY OF CUREENT BUSINESS

October 1965
Unless otherwise stated, statistics tferougfs 1982
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

Monthly
average

S-29

1964
Aug.

Sept.

Oct.

1965
!
Nov. ) Dec.

Jan.

Mar.

Feb.

Apr.

June

May

July

Aug.

Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb_.
Stocks, cold storage (frozen), end of month, total
mil. lb~
Turkeys
_
.
,____do
Price, in Georgia producing area, live broilers
Sperlb..

604

629

699

778

838

725

640

560

469

526

541

563

645

683

773

295
184

313
181

275
149

366
233

488
342

419
274

357
207

340
195

300
167

252
135

213
104

176
81

158
69

175
86

'237
'145

335
233

.138

.137

.143

.142

.137

.140

.131

.135

.145

.150

.145

.150

.155

.155

.150

.145

15.0

14.5

14.0

14.6

14.4

15.1

15.4

14.1

15.8

15.5

16.0

15.1

15.0

14.6

14.1

124
76

119
108

132
98

141
84

102
69

62
58

57
54

41
63

38
55

53
56

321
67

525
84

521
98

'423
100

325
94

.331

.381

.362

.363

.329

.308

.261

.277

.291

.308

.273

.294

.298

.341

.384

23.5
.253

22.4
.234

26.8
.228

19.7
.234

23.9
.235

18.6
.226

24.4
.240

8.0
.226

22.1
.201

25.4
.168

25.5
.164

40.2
.159

37.7
.134

26.0
.118

36.2
.161

.171

2
3, 922
2 5, 704

2
4,281
2

1,986
772

1,902
601

1,428
368

1,660
525

1,960
367

2,330
924

2,069
728

461
156

1,296
261

2,446
525

1,659
333

1,554
386

1,831
457

1,206
278

1,556
411

.345
110

.479
116

.473
100

.455
160

.483
160

.475
138

.458
124

.450
117

.463
116

.453
123

458
109

.453
84

.460
'94

.455
75

'.455
104

206

195

216

219

213

218

215

192

167

141

137

152

166

192

211

929 ' 1, 120 ' 1, 550

••985

125

80

25

410

1,245

2,105

3,275

3,200

3,525

3,055

2,823

145
245
240

83
253
239

65
401
198

317
191

Eggs:
Production on farms
mil casesO__ U4.6
Stocks, cold storage, end of month:
132
Shell
thous. casesO-73
Frozen
mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
.343
$ per doz__
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
Roastings (green weight) quarterly total do
Imports, total
:__,
do
From Bra/11
do
Price, wholesale, Santos, No. 4 (New York)
$perlb_.
Confectionery, manufacturers' sales
.___mil. $__
Fish:
Stocks, cold storage, end of month
..-mil. lb_.
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons..
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous. sh. tons
Entries from off-shore, total 9 _ _ _ _ _ _ do
Hawaii and Puerto Rico
do
Deliveries, total 9 ____
do
For domestic consumption
do
Stocks, raw and refined, end of month.do _
Exports, raw and refined
:
sh. tons
Imports'
Raw sugar, total 9
thous. sh. tons
From Republic of the Philippines.— _ do ___
Refined sugar, total
do
Prices (New York) :
Raw, wholesale
________
___$ perlb__
Refined:
Retail (incl. N.E. New Jersey)__$ per 51b_.
Wholesale (excl. excise tax)
$ per lb
Tea, Imports

thous lb

4,470
5,672

4,071
5,041

5, 594

3,036
5,401

2 591
5,330

1 556
411

314
540
159

367
459
159

120
783
190

156
529
158

753
146
116

967
83
54

1,006
60
64

599
1,870
167

215
110
107

215
196
197

108
1,502
250

836
832
1,676

809
806
1,998

978
977
1,234

975
971
965

830
823
1,409

738
730
2,085

866
860
2,700

753
745
2,893

617
609
2,731

797
780
2,619

775
756
2,490

342

352

231

171

187

148

143

»78

123

347

403

196

71

290

166

359
91
<14

292
98
7

271
101
6

429
183
7

391
104
22

381
109
8

347
91
16

132
46
5

154
35
3

238
56
20

333
138
6

373
82
9

373
72
4

194
69
6

365
156
2

.081

.069

.062

.062

.063

.061

.065

.069

.069

.066

.066

.068

.068

'.067

'.067

.688
.111

8.657
.100

.600
.092

.603
.089

.594
.089

.590
.089

.588
.093

.591
.093

.595
.095

.592
.095

.591
X095

10,519

11, 133

8,533

10,897

10, 674

6,372

9,173

221. 6

228.9

246 0

204. 2

240.2

113.1

99.9

233 9

Baking or frying fats (incl. shortening) :
Production
__
_
1_ __ mil. lb
213.4
Stocks (producers' and warehouse), end of month
mil.lb_. 132.4
Salad or cooking oils:
Production
_
do
6 196. 6
Stocks (producers' and warehouse), end of month
248.7
mil. lb
Margarine:
Production
do
149.5
Stocks (producers' and warehouse), end of month
46.3
mil. lb
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per lb
.238

1

855 . 883
846
876
2,420
2,170

T

.590
.095

.598
.095

.598
.093

10, 242

13, 084

4,066

7,176

16, 192

15, 994

10,463

11, 028

263.9

238 5

197.9

193.6

204.6

213. 0

210.8

224.2

219.9

94.4

101.7

112:2

121.1

121.4

111.0

113.6

115. 8

122.3

123.9

106. 4

103.2

296. 1

280 3

277.8

249 9

234 0

212 4

220 5

236 6

213 7

242.6

270 6

' 229. 4

226 4

120.9

116.9

105.4

110.1

137. 5

118. 8

162.3

166. 9

138.5

170.0

156.1

149.0

125.7

85.5

154. 8

142.5

162 1

182.2

143 9

166 7

163 2

167 2

170 5

154 3

142.0

145 1

142. 9

148 6

46.4

44.8

40 2

44.5

47 2

48.0

50 3

44.6

53 1

51.5

51.5

47. 0

48.5

44.5

.241

.250

.260

.256

.263

.263

.263

'.263

44.6
32 1

39.0
24.4

'46. 9
27 0

45. 3
35.8

'39.6
34.8

r
40.6
r

43.1
39.7

29.8

.241

.238

.238

259

.263

.263

47.3
34.1

'43.3
36 3

'39.9
37 5

41 7

35.0

.445

2, 133

957
950
1, 928 v 1, 694

.583
.091

r

>

.067

FATS. OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil. lb
41.4
43.4
43.3
45.0
37.2
Consumntion in end products
____do
33.6
43.6
38.4
36.4
36 8
Stocks (factory and warehouse), end of month
41.3
mil. lb
34.1
24.0
29.9
24.6
Tallow and grease (except wool), inedible:
317.2
Production (quantities rendered)
do._
348. 4 332.2 322 3 372.6
Consumntion in end products.do
7 177. 8
178. 6
184.0
187.1 196.0
Stocks (factory and warehouse), end of month
383.2
mil. lb
344.8 305. 3 281 9 294.2
Fish and marine mammal oils:
Production^
____
_ _ _ _ do
15 5
14 9
26 1
18 5
15 3
74
Consumption in end products
do
7.4
67
63
72
Stocks (factory and warehouse), end of month
8
mil. lb~ 162. 7 126.7 145.6 147.4 130.0
/ Revised. » Preliminary. * Beginning Jan. 1963, includes data for Alaska and Hawaii.
2 Quarterly average.
3 See note "O" for p. S-21.
4 Effective Sept. 1963, includes small
amounts of refined sugar, tinctured, colored, or adulterated.
« Data beginning Jan. 1964
not entirely comparable with those for earlier periods, e Based on corrected annual total;
months not corrected.
7 Beginning 1962 on annual basis and Jan. 1964 monthly, data are
not comparable with those for earlier periods; consumption for feed now based on Tenderers
shipments instead of feed mill reports.
» Beginning March 1963, includes General Services'
Administration stocks no longer required for the strategic stockpile




r

29.2

41.7

343 7
167. 6

349.2
185.3

r

378 9
184.2

r

354 8
170 1

312 4

365.7

r

436 9

r

439 9 '447 8 '418.9
5
g
99
65
60
64

70
61

58
6 0

45.3

46.4

5
57

r

r

34.9

380 3 '350. 7 ' 351. 0
179.6
172.5
184 0
T

r

30.4

'27.6

23.9

352. 2 ' 325. 1
181.6 r 149. 5

350. 5
195.0

371. 7

353.5

354.5

314.9

22 3
57

40 1
68

T 40 Q
'6 4

33 4
7 6

116.0
148. 1 * 166. 1 ' 210. 4 225.0
145. 7
126.9
126.4
139.9
118.0
144.6
©Cases of 30 dozen.
d*Bags of 132.276 lb.
9 Includes data not shown separately; see also note "§."
§ Monthly data reflect cumulative revisions for prior periods.
AFor data on lard, see p. 8-28.
{Revisions for Jan.-June 1962 appear in the Sept. 1963 SURVEY.

SURVEY OF CURRENT BUSINESS

S-30
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

1 1964

Monthly
average

October 1965

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

May

Apr.

June

Aug.

July

Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS. AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
roil.
lb__
Refined
do
Consumption In end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil. lb..
Imports
--'
- do
Co moil:
Production:
Crude
do
Refined
__do
Consumption in end products}:
do
Stocks, crude and refined (factory and warehouse) end of monthl
niil lb
Cottonseed cake and meal :
Production
thous sh tons
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crude
-mil lb
Refined
_ _ _ __do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil lb
Exports (crude and refined)*
do
Price wholesale (drums * N Y )
$ pe r lb
Linseed oil:
Production, crude (raw)
mil lb
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil lb
Price wholesale (JVTlnneapolis)
$ per lb
Soybean cake and meal:
Stocks (at oil mills) endofmonth§
do
Soybean oil:
Production:
Crude
mil lb
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of montht
mil lb
Exports (crude and refined)*
do
Price wholesale (refined • N Y )
$ per lb
TOBACCO
Leaf:
Production (crop estimate)
mil lb
Stocks, dealers' and manufacturers' end of quarter total
mil lb
Exports, incl scrap and stems
thous lb
Imports, incl. scrap and stems
do
Manufactured:
Production (smoking, chewing snuff)
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-exempt
millions
Taxable
.
do
Cigars (large), taxable
do
Manufactured tobacco taxable
thous lb
Exports* cigarettes
__
millions

46.2
60.5

*27.3
42.2
63.5

29.3
43.2
69.7

27.5
39.8
66.2

32.1
46.9
74.0

37.8
38.9
61.7

(2)

38.8
59.4

36.7
46.8
63.2

32.4
41.7
62.6

33.9
46.3
65.0

27.5
40.8
60.3

32.5
47.1
63.7

23.5
42.1
63.2

24.9
25.6
44.5

30.6
41.4
63.2

228. 5
31.0

166.1
33.1

178.5
68.8

161.7

9.3

131.8
15.3

146.7
14.5

154.0

6.1

143.2
71.8

148.0
64.3

166.2
42.6

169.7
47.3

181.3
38.8

156.0
22.7

137.8

126.9

32.5
30.3
29.4

34.5
32.8
34.2

33.9
38.5
35. 2

31.5
29.9
31.2

36.0
41.3
42.6

33.5
32.8
34.8

32.0
32.3
36.1

35.1
32.4
33.3

34.2
31.9
33.5

38.0
34.8
34.4

36.0
32.2
30.0

36.1
34.3
35.8

38.2
31.8
34.1

36.4
31.1
'35.8

38.8
37.9
35.3

58.2

57.8

59.7

61.9

52.4

43.4

40. 1

39.4

39.3

41.7

41.5

38.4

39.6

39.3

38.5

225.3
172 9

225.5
218.3

82.5
171 5

181.9
138.8

316.9
137.4

339.0
159.9

325.0
126.8

315.4
150.6

284.0
177.0

294.5
192 7

222.7
220. 7

181. 9
238 5

126.1
207 6

98.9
168.5

71.9
110.8

159. 8
131. 4
96 0

161.1
133.3
114 4

55.9
72.2
111 8

127.2
86.7
127.9

227.3
143.9
140 3

243.3
177.2
129 8

233.7
192.8
136 5

227.3
172.9
121.3

205.9
162.4
131 1

213.6
192.8
122 0

164.6
135.5
110 8

135. 0
119.6
106 8

93.0
98.9
121 5

72.6
92.1
105.8

50.0
80.3
113.0

5Q9 2
30.4

498 4
75.3
.131

432 8
43.7
.130

450 1
35.0
.135

534 7
22.1

150

506 3
88.7
.150

518 7
65.4
.149

546 9
43.0
.159

568 7
50.2
.170

583 4
34.1
. 164

560 0
26.9

153

638 3
50.0
3 . 141

146

492 5
50.3
.138

420 6
41.5
.137

292.5
54.6
P .136

33 3
32 0

37.0
31.4

38.2
32.2

42.1
30.3

45.7
30.3

35.2
25.8

34.7
25 8

34.7
27.5

31.9
28.0

39.5
31 2

28.5
31.0

22.3
31 8

31. 3
33 7

r

15.7
31.8

37.2
29.9

116 7

127

144. 6
.134

139.5
.133

140.0
.133

165.0
.134

177.4
.139

185.5
.139

199.3
.139

204.2
.139

214.8
.139

212.3 i 205.0
.139
.139

198.2
.137

r

184.6
.134

180.7
p .132

c(0o i
127 3

886 3
131.8

885 1
119.8

852 3 1, 027. 4 1 022.2 1 009 4 1 001 9 877 5
112.8
199.0
100.7
120.3
102.6
186.8

956 8
181.7

882 0
194.0

944 1
239.5

856 2
205.3

846 4
163.7

856.5
133.9

421 1
336 1
322 0

412 0
382.6
368.0

413.6
435.6
425.8

398.8
458.4
434. 8

482.5
444.3
432.5

467.9
392.1
368.7

464 8
370. 5
338.6

463.3
377.4
321.7

408.5
348.2
319. 1

448 2
395.0
359.0

415.9
367.1
340.8

448 0
373.5
368.3

406 0
390.9
397.5

403.2
340.2
362.6

408.2
369.6
373.8

770 8
106.0
123

666 5
132.1
.110

577 8
124.8
.120

538.4
110.2
.129

532 7
117.8
.149

544 2
157.6
.140

586 6
68.4
.139

606 0
72.7

613 8
146. 6
.141

578 4
91.7
.145

573 3
85.1

142

129

522 1
78.2
.121

499 0
61.0
.121

423.0
99.3
v .131

56, 037
16, 706

56, 081
14, 846

5,664
65, 854
9,001

5,984
20, 802

7, 025
13, 440

5,596
43, 966
'•53, 208

42, 519
38, 749

35, 737
15, 163

5 228
36, 116
16, 687

36, 137
14, 210

32, 554
16, 181

13 143

15 140

12, 112

15, 032

3 919
40, 841

3 846
47, 063

3,672
39, 727

4,907
49, 647

29.0

i ^yg Q
91 9

133

3

0

r

7.1

42,344

4

64,942
42, 124
13, 985

6

5,252
42, 533
14, 971

28, 522
15,012

5 069
69.311
16, 521

13, 960

15 004

14, 513

15 035

16, 189

13, 470

12 849

13 583

12 677

15 449

14 213

3, 424
42,466

3 554
41 454

3 708
44, 420

3 986
43, 303

3,571
47, 136

3 237
41, 548

-4 557
39 898

2 088
39 086

3 380
40 210

3 705
47 385

4 014
43, 483

14 630 r!3 959
1,990
2 095

14 820
2,827

15 139
1 844

13 727
2,042

13 306
2,843

13 098

12 101
1 329

15 248
2 333

13 718
2 094

13 228
2,795

14 904
2,109

12, 636
1,831

14, 553
1,984

547

13 709
1,968

62,004

2, 227

675

719

689

777

784

444

602

718

554

642

633

r

714

659

607

697

LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total9thous. $.. 6,215 7,724
Calf and kip skins
thous. skins..
155
199
Cattle hides
thous. hides..
664
959
Imports:
Value, tota!9
thous. $.. 5,253
6,823
Sheep and lamb skins
thous. pieces.. 7 2,192 « 2,538
Goat and kid skins
_
do
1,231
1,074
Prices, wholesale (f.o.b. shipping point)'
Calfskins, packer, heavy, 9^/15 lb
$perlb__ ".365 p . 414
Hides, steer, heavy, native, over 53lb
do
".111 ". 106

8,032
104
1,051

7,810
7,810
162
162
945
945

8,385
173
1,004

9,005

7,922
228
1,021

4,531
130

1,101

5,150
130
702

6,037
253
1,214

10, 244
226
1,324

11,809
210
1,496

10, 023
218
1,219

9,720
186
1,147

8, 131
190
928

5,631
1,891
850

8,077
3,527

4,083
871
863

4,382
1,052
570

5,664
1,378
925

2,627
616
377

6.213
2,246

11, 659
6,322
1,687

9,330
4,288
1,893

7,353
2,799
1,409

1,825
1,430

7,664
3,763
820

5,545
1,999
1,282

.450
.124

.450
.119

.450
.124

.450
.119

.500
.114

.500
.104

.480
.105

.520
.105

.520
.116

.550
.139

.525
.134

.525
.156

*. 193

629
1,845
942
2,630

1,895
1,120
2,333

603
1,875
1,147
2,261

565
1,884
1,085
2,450

2,033
1,235
2,508

506
2,022
1,248
2,505

532
1,952
1,162
2,646

574
1,984
1,317
2,637

391
1,575
1,071
1,902

2,849

4,486

7,136

6,577

6,804

5,207

4,836

5,627

204

LEATHER

Production:
Calf and whole kip. __
.thous. skins..
466
545
542
572
Cattle hide and side kip...thous. hides and kips.. 1,804 1,903 1,993
1941 2,068
Goat and kid
thous. skins.. 1,182
1,073
790 1,047
1,092
Sheep and lamb
do.... 2,864
2,629 2,865 2,528
2,750
Exports:
Glove and garment leather...
thous. sq. ft.. 4,640
3,875 3,266 2,834 3,828
Upper and lining leather
do
3,423
3548 3,050
3,241 3,307
Prices, wholesale:
Sole, bends, light, f.o.b. tannery
$perlb
",678 " 662
657
. 657
.663
Upper, chrome calf, B and C grades, f.o.b. tan-"
nery
$ per sq.ft.. "1.151 I "31.200 1.170
1.197 1.223
/ Revised.
"Preliminary.
i Average based on reported annual total.
2- ^
Not
w u available.
3 Beginning June 1964, data are not comparable with those for earlier periods because
of changes in specifications or reporters (for leather); ino. avgs. are for 7 mos., June-Dec
May 1964 prices on new basis: Cottonseed oil, $0.132; soybean oil, $0.103; leather, $1 180
* Crop estimate for the year. s Qct. i estimate of 1965 crop.
6 Quarterly average. 7 Effective Sept. 1963, data reflect minor changes in coverage to conform with "Tariff Schedules




3,015
2,756

J

.695
1.223

1.223

r

.695

.695

.695

.700

.710

.710

.710

P . 710

1.237

1.237

1.237

1.243

1.252

1.248

1.238

1.238

8

Effective Jan. 1964, data exclude items presently reported in Ibs.
instead of pieces.
Effective Jan. 1965, data are for all leather, except sole and rough; see
note "O" for p. S-21.
tRevisions for 1962 appear in the Sept. 1963 SURVEY.
*New series. Data prior to Sept. 1962 may be obtained from Bureau of Census reports.
§Monthly averages for 1951-56 (corrected) appear in the Aug. 1964 SURVEY.
9 Includes data for items not shown separately.
of the United States.'9

SUEVEY OF CUEKENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

1964

Monthly
average

S-31

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, totalt
thous. pairs- 50,361
Shoes, sandals, and play shoes, except athletic
thous. pairs.- 42,477
Slippers for housewear
do____ 6,468
813
Athletic
do—603
Other footwear
-do—

.do..
Exports
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
1957-59=100—
Women's oxfords, elk side upper, Goodyear
welt
_____
—
—1957-59=100Women's pumps, low-medium quality do

51,831

55,391

52,967

53,413

47,881

50,047

52,426

52,779

52, 365 49,436

51,145

46,209

43,457
7,205
555
613

45,374
8,834
471
712

42,395
9,177
434
961

41,684
10,471
461
797

38,289
8,485
461
646

42,982
5,991
523
551

46,800
4,876
559
191

46,388
5,585
629
177

51,817 44, 837 41,557 43,084
7, 223 6,699 7,097 7,241
629
580
702
587
200
202
233
184

39,722
5,974
353
160

170

159

150

163

219

133

145

105.1

105.9

105.1

105.1

108.8

108.0

108.0

108.0

108.0

108.0

109.6

109.6

109.6

110.1

106.5
110.7

106.5
111.0

106.5
110.8

106.5
111.0

106.5
111.7

106.5
111.5

106.5
111.5

106.5
111.1

106.5
111.1

106.5
111.0

106.5
111.2

106.5
111.3

106.5
111.2

106.5
112.8

106.5
112.4

2,969
518

3,262
552

190

291

247

171

115

191

231

LUMBER AND PRODUCTS
LUMBER-ALL TYPES
National Lumber Manufacturers Association :c?O
Production, total
mil. bd. ft-.
Hardwoods
-do _
Softwoods
- - do __
Shipments, total
Hardwoods
Softwoods

;

do __
..do
do_

Stocks (gross) mill, end of month, total do
Hardwoods
-do

2,951

3,103

3,204
491

491
2,460

533
2,570

2,713

2,868
543
2,325

2,966 \ 3 048
524 ' 561

6 5J8
1,842

2,441

2 487

3,050
518
2,532

6,393

2,738
509
2,229

2,642
441

2,488
465

2,723
485

3,270
478

2,981

2,201

2 023

2, 238

2 792

2, 511

2,980
533
2,447

3,111

i 509
2 576
3 098

2 709

2 556

i 2 657

2 807

3 107

3 088

3 112

2,541

2,150

3,229
539
2,690

3,085

557

559

489
2,067

470

2,137

557
2,250

550
2,557

528
2,560

557
2,555

520

539

2, 572

2,451
3,193

2,710
3 316

515
2,678

548
2,768

4,676

4,643

6 264
1 722
4 542

6 412
1,693
4,719

6 358
1 638
4 720

6 389
1 590
4 799

6 434
1,536

4,898

6 274
1 474
4 800

6 180
1 394

6 225
1 312
4 913

6 106
1 250
4 856

5 974
1 224
4 750

5 864
1 224

4,786

4,640

5 645
1 226
4,419

4,337

73
2445

80
437

82
478

80
470

78
390

76
405

72
319

170
180

50
378

84
520

76
394

81
411

70
532

86
500

85
513

mil. bd. ft..
do—

691
539

743
566

695
470

717
442

817
530

690
555

691
607

858
750 '

550
656

802
676

814
684

782
682

814
624

838
673

773
654

do
.do ...
__ do

690
689
987

747
737

730
716

770
745

731
729

665
666

625
639

663
716

721
643

867

804
872

712
788

Exports total sawmill products
Imports, total sawmill products
SOFTWOODStfG
Douglas fir.
Orders, new
Orders, unfilled, end of month. _

2,879
560
2,318

do _
do

Production
.
Shipments
Stocks (gross), mill, end of month

31
Exports, total sawmill products.
do
12
Sawed timber
do
19
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2"x4", R. L.
$ per M bd. ft- 79.92
Flooring, 0 and better, F. G., 1" x 4", R. L.
$ per M bd. ft.. 134. 22
Southern pine:
Orders, new.
„
mil. bd. it-508
Orders, unfilled, end of month. __
do.—
280

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.
1957-59=100Flooring, B and better, F. G., 1" x 4", S. L.
1957-59=100..
Western pine:
Orders, new__
mil. bd. ft—
Orders, unfilled, end of month___
do
Production
do
Shipments
do
Stocks (cross), mill, end of month
_ _ _ _ do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
_._ .$ per M bd. ft

501
505
1,380
6,414

1,750

5 566
1 229

n

1,115

-782
1,200

820
806

742
785

1,215

1,172

1, 104

1,021

788
792
998

26
g
17

33
11
22

32
11
21

35
11
24

28
7
21

38
15
23

32
7
25

1,062

1,059

1, 084

1,065

1,089

1,075

1,038

31
11
19

29
12
17

24
7
17

35
13
21

25
10
15

27
7
19

135

81.52

81.40

81.05

79.75

78.69

82 60

83.45

82.64

81.69

81.22

80.01

' 80. 84 P 83.21

155. 52 ' 155. 52

155 52

155. 52

155. 52

155 52

157. 64

158. 19

158. 19

158 19

157. 10

157. 10 P157. 10

81.14

153. 07

i9
i 25

529
274

529
260

536
253

554
265

490
260

459
281

583
357

475
346

568
341

582
381

618
380

579
374

605
387

615
388

529
527

521
536

537
543

520
542

505
495

Q9g

cnn

438

Rfl7

498
486

566
573

560
572

519
589

540
585

562
592

543
614

1,335

1, 290
9, 496
1 691

1 262

1 272
6,711

4,790

1,367

1 360
12, 117

1 348
10, 932

1 278
12 380

1,233
9,126

1,203
8,136

8,762

8,557
976

1,284

1 362
1 355
9 471 12 515
1 187

1,132

7,581

7,805

8,033
800
7,233

92.5

92.7

92.3

92.4

92 9

92.7

92 0

92 3

92 5

92 6

92 3

92 0

92.5

93.4

95.0

95.2

95.3

95.1

95.0

95 3

95.3

95 6

95 6

95.6

95 6

96 0

96 0

96.3

96.8

97.3

840
383

880
463

883
453

913
430

966
434

726
413

848
463

813
537

806
479

960
524

889
511

947
532

1 064

1 025

590

526

832
840

882
871

nn0.

1 087

1 003

8OQ

R4ft

7fifi

QCC

848

906
505
090
912

938
921

Q17

1 068
1 055
1,566

832
5,583

8,500
860
7,640

6,179

8,284

532

915

1, 606

936

1 572

1,723

962

798

700

1, 654

781
747

865

1,764

1,798

1 809

1 716

1, 617

1 666

1,613

1 624

1,641

67.42

65 49

65 52

63 73

63 52

62 63

63 15

63 66

68 44

70 55

70 70

70 33

68 28

2
10
2
2
4

2 2
10 4

21
10 1
2

25
10 7

2 8
12 0

2 4
11 8

2 4
11 6

11.8

4 0

1
4 3

2g
11 5
o °.
21
4 6

2 4
4 6

2 4
5 0

2 a
4 8

o

54 6

I

916

901

r

1 005
1,553

i

r 66 65 v 66 28

HARDWOOD FLOORING
Flooring:
Maple, beech, and birch:
Orders, new..—
mil.
Orders, unfilled, end of month
Production
_
Shipments:
Stocks (gross), mill, end of month
Oak:
Orders, new
Orders, unfilled, end of month. _ _ _
Production
Shipments
Stocks (gross), mill, end of month. __

bd. ft..
do
do
do
do
do
do
do
do
do

2.9
10.8
2 8
2 7

6.5
68 3
45.2
69 3
69 1
43.6

2.7

2.5

2.5

11.4
2 4
26

11.1
14
2 4

10.9
21
23

6.2

4.8

4.4

68 3
50.4
70 2
68 7
52.2

75 2
53.3
69 0
70 0
50.1

67 0
48.8
70 2
72 4
47.9

0

9
3

0

2 4

4.2

9 4

ae 7

ffj

7

KA Q

39 5

35 3

35 6

74 °.
74 7

R4 8
69 Q

47 5

50 4

••Revised.
* Preliminary.
i See note "Q" tor p. S-21.
2 Beginning Sept. 1963,
data exclude small amounts formerly included, i Revisions by months for 1961-Apr. 1964
are shown in Bu. of Census reports M31A (62)-13 and (64) Supplement 1. Beginning 1962
data are adjusted to the level of production indicated by the 1963 Census of Manufactures.




6
6

fi7 0

58 8
64 5

0

Kg Q

39 4
(*C

ft

Of)

(\

57 5

n

45 8

47 7
fi4 Q

fi4 Q

KA

ftq

66 2
56 7

fin i
7

60 2

7

58 5

3.1
3 2
4 4

34
11 9
2 A
30
38

19
11.4
2 9
29

79 9

fiQ 5

70 9

cq q

61 9

56. 2
65 1
70 0
46 7

62 2

70. 0
68 9
72 5
37 7

o-i 7
fi9 fi

51 8

9 Q

cq e

67 2
42 9

3.1

d"Revised data will be shown later as follows: Jan. 1961-Dec. 1963 for production, shipments, and orders; Jan-Dec 1963 for stocks; revisions for 1951-62 for stocks appear on p. 28
of the Jan. 1964 SURVEY. ©Beginning Jan. 1961, data for Alaska included in pertinent items.

SURVEY OF CURRENT BUSINESS

S-32
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

| 1964

October 1965

1964

Monthly
average

Aug.

Sept.

Oct.

1965

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap
__do
Pig iron*
.
-do

185
530
6

286
657
15

347
709
2

273
677
22

310
619
8

269
495
14

353
624
10

Imports:
Steel mill products ^
Scrap t
Pig iron*

454
19
55

537
25
63

525
24
95

493
24
48

555
36
101

734
36
75

6, 168
3,715
2,453
6,218
7,977

6,994
4,360
2,634
7,052
7,344

6,864
4,330
2, 534
6, 766
7,413

7,228
4,532
2,696
7, 133
7,510

7,498
4,648
2,850
7,579
7, 428

do
^°
do

Iron and Steel Scrap
Production and receipts, total
thous. sh. tons..
Home scrap produced
do
Purchased scrap received (net)...
do

Stock^ consumers* end of mo
do
Prices,' steel scrap, No. 1 heavy melting:
Composite (5 markets)
.____$ per Ig. ton.. 26.78 P 32. 77 37.05 34.90
27.00 P34.70
38.00
36.00
Pittsburgh district
- - do
Ore
Iron ore (operations in all U.S. districts):
6, 778
9,002
9,238
Mine production
thous. Ig. tons.. 6,060
6,156
6,805 10, 969 10, 222
ShiDments from mines
do
4,717
Imports
do-... 2, 791 3,535 5, C62
U.S. and foreign ores and ore agglomerates:
8,458
9,860 14, 497 13, 676
Receipts at iron and steel plants
do
8,669 10, 183 10, 363 10, 270
Consumption at iron and steel plants
do
568
852
580
945
Exports
- do
73, 798 71, 600 74, 375 76, 526
Stocks total end of mo
do
15,049 15, 126 14, 129 12, 910
At mines
do
53,377 52, 225 56, 353 59. 759
At furnace yards
do
5, 372
4,249
3,893
3,857
At U S docks
do
Manganese (mn. content), general Imports^— do

2281

162
344
3

281
770
3

230
597
5

200
623
2

177
472
1

188
711
1

195
561
2

523
23
49

347
19
29

452
16
32

1,025
18
28

908
21
68

1,014
17
99

1,192
28
80

1,094
17
67

1,061
22
96

7,218
4,534
2,683
7,372
7,287

7, 598
4,767
2, 831
7,542
7,413

7,467
4,742
2,725
7,756
7,138

7,284
4,463
2,821
7,417
7,002

8,446
5,174
3,272
8,529
6,915

8,300
5,002
3,298
8,248
6,960

8,111
4,890
3,221
8, 043
7,027

35.41
38.00

36.39
39.50

36.98
40.00

36.61
39.00

35.79
38.00

35. 41
36. 75

35.52
37.50

35.66
38.50

33.88
35.00

'33.84
35.00

* 32. 73
"35.00

7,730
10, 201
4.385

5,290
7,678
3,700

4, 459
2,945
3,501

4,516
1,782
2,192

4,169
1,747
2,382

4,780
1,966
2,943

5,469
4,622
3,489

9,144
10, 913
4,120

10,102
11,333
5,106

10, 508
12, 481
4,505

5,128

13, 141
11,069
928
76. 3fi7
10, 439
61. 831
4,097

11,476
10, 900
648
74. 465
8.051
62 407
4,007

6,249
11, 472
309
70. 490
9,565
57, 184
3,741

3,981
11, 522
2139
65, 179
12, 310
49: 643
3,226

4,053
10, 446
195
60,990
14, 732
43,249
3,009

4,748
11, 566
196
56, 431
17, 546
36, 431
2,454

7,081
11, 162
516
52, 577
18, 393
32, 350
1,834

14, 082
11, 682
929
53,' 079
16, 624
34, 750
1,705

15, 256
11, 083
950
55,909
15,392
38, 923
1,594

15, 929
11, 133
1,037
58, 931
13, 420
43, 710
1,801

48, 181
1,922

2115

(12)

15,367
10, 897
1,033

84

86

64

41

92

194

108

97

104

71

122

97

109

74

115

5,993
6,057

7,133
7,198

7. 158
7,244

7,142
7,262

7,780
7,843

7,674
7,641

7,958
7,955

8,013
8,012

7,312
7,362

8,204
8,309

7,951
8,030

8, 195
8,165

7,849

7,780

7,661

62.75
* 63. 00
* 63. 50

62.75

11, 551 "11,324
140.0 " 137. 3

i'9,943
v 124. 5

Pig Iron and Iron Products

Pie iron:
Production (excluding production of ferroalloys)
thous. sh. tons..
Stocks (consumers' and suppliers'), end of mo.
thous. sh. tons..
Prices:
Composite
~— $ per Ig. ton..
Basic (furnace)
.
do
Foundrv No 2 Northern
do
Castings, sray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons. _
Shipments total
do
Por sale
do
Castings, malleable Iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons.
.
Shipments total
do N
For sale
do

2,814

2,501

2,485

2,404

2,375

2,410

2,461

2,461

2,458

2, 374

2,300

2,402

62.87
63.00
63.50

62.75
63.00
63.50

62. 75
63.00
63.50

62.75
63. 00
63.50

62.75
63.00
63.50

62.75
"63.00
63.50

62.75
63.00
63.50.

62. 75
63.00
63.50

62.75
63.00
63. 50

62. 75
63.00
63.50

62.75
63.00
63.50

62.75
63. 00
63.50

62.75
63.00
63.50

62.75
63.00
63. 50

783
1,064
591

845
1,193
678

902
1,191
731

859
1,255
762

878
1,221
733

841
1,202
726

855
1,202
682

924
1,241
699

949
1,201
674

974
1, 425
812

940
1,404
816

960
1,376
822

'917
' 1,454
"•869

941
1,244
739

81
78
44

103
83
49

112
80
48

112
85
52

115
76
54

121
76
47

122
83
49

123
95
54

130
90
50

136
109
61

139
100
56

152^
96
53

144
105
'60

156
80
42

9, 105
112.5

10, 590
130.5

10, 515
127.5

10, 669
133.6

11, 568
140. 2

11,292
141.4

11, 612
140.7

11,830
143.4

10, 866
145.8

12, 347
149.7

11, 966
149.9

12, 012
145.6

11, 593
145.2

219
125
100

328
153
122

317
137
108

316
157
124

344
163
127

340
154
121

337
163
127

370
158
124

334
159
125

363
181
145

362
173
137

355
164
131

357
178
143

368
134
105

342
129
98

459
146
112

395
129
101

412
151
115

427
153
117

445
144
111

459
156
117

485
155
125

491
159
126

494
192
151

484
173
135

512
162
127

510
172
134

526
146
113

6,296
263
443
603
92

7,079
352
507
708
116

6,993
352
524
669
89

7,344
361
554
726
96

7,367
386
562
793
99

7,314
418
546
762
108

7,673
401
540
834
129

8,050
385
566
844
132

7,839
414
530
742
135

9,590
469
638
871
163

10, 101
489
648
881
166

7,874
395
569
811
148

7,887
394
577
808
132

7,699
379
590
833
101

8,634
403
606
856
101

972
1,100
1, 109
1,142
Bars and tool steel, total.--.— ____.._
do._..
1,182
631
700
686
740
Bars: Hot rolled (incl. light shapes)
do
709
224
269
Reinforcing
do
301
304
302
110
122
114
Cold
finished.
do..121
131
587
678
Pipe and tubing...
do
741
733
692
262
259
Wire and wire products
.do
260
273
273
488
507
Tin mill products _
do
538
476
430
2,587
2,852
Sheets and strip (incl. electrical), total. ..do
2,712
2, 984
2,949
735
829
Sheets' Hot rolled
__
_
do
879
788
867
1,209
Cold rolled-...
do
1,308
1,208
1,341
1,279
Steel mill products, inventories, end of mo.:f
Consumers (manufacturers only) ... mil. sh. tons.. 10.0
9.7
9.5
9.6
10.0
4.8
Receipts during month
do
5.2
5.4
4.8
5.1
4.7
Consumption during month
do
5.0
4.8
5.3
4.7
3.4
Warehouses (service centers)..
do. .
3.7
3.8
3.7
3.8
Producing mills:
7. 4
In process (ingots, semifinished, etc.)__.__do
8.4
8.8
8.6
8.8
7.1
Finished (sheets, plates, bars, pipe, etc.) .do
7.8
7.6
7.8
8.3
Steel (carbon), finished, composite price__.$ per lb_^ .0705 .0715 .0715 .0715 .0715
' Revised.
» Preliminary.
1 Less than 500 tons.
2 gee note "Q" for p S-21
*New series. Monthly data back to 1953 are available.
IfBeginning Sept. 1963, imports reflect adoption of the U.S. tariff schedules; data may not
be strictly comparable with figures for prior periods.
cfData reflect adjustment to industry levels as derived from complete canvass for 1962;

1,145
745
265
126
610
234
399
3,092
862
1, 458

1,170
755
266
139
671
227
415
3,286
901
1,572

1,199
848
186
155
601
273
635
3,415
955
1,610

1,157
786
201
160
688
280
636
3, 256
929
1,507

1,462
986
262
203
, 970
369
818
3,829
1,060
1,774

1,534
1,041
279
203
1,040
420
1,026
3,896
1,182
1,747

1,266
827
. 285
145
778
306
317
3,286
960
1,489

1,282
814
305
152
734
298
419
3,244
942
1, 485

1,211
767
298
138
744
268
521
3,052
893
1, 409

1, 328
836
315
167
877
323
733
3,406
1,009
1,538

10.5
5.5
5.0
3.9

11.2
6.0
5.3
4.1

11.9
6.0
5.3
4.1

12.5
5.9
5.3
4.1

13.7
7.3
6.1
4.1

15.1
7.4
6.0
4.2

15.5
6.2
5.8
4.2

15.8
6.2
5.9
4.2

16.3
5.5
5..0
4.4

^17.1
P6.0
^5.2
P4.5

9.0
8.5
.0715

9.1
8.7
.0715

9.2
8.6
.0715

9.0
8.4
.0715

7.9
8.4
.0715

7.8
6.7
.0715

8.1
7.1
.0715

8.2
7.3
.0715

8.4
7.5
.0715

*>8.2
P7.0
.0715

Steel, Crude, Semifinished, and Finished
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
1
Steel forgings (for sale) : d"
Orders, unfilled, end of year or mo...
do
Shipments total
do
Closed die (drop, upset", press). _ _ _ _
do
Steel products, net shipments :
Total (all grades)
__ _
do
Semifinished products
do
Structural shapes (heavy), steel piling.. .do
Plates
do
Rails and accessories
do




.0715

annual shipments for 1962 were raised by 10%, backlog (as of Dec. 31,1962) by 9%. Revisions
for Jan. 1962-Apr. 1964 will be shown later.
fEffective Oct. 1963 SURVEY, data for steel consumers reflect recalculated estimates based
on quantity coverage factors. Revisions back to Oct. 1961 appear in the Oct. 1963 SURVEY.

SURVEY OF CURRENT BUSINESS

October 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

Monthly
average

S-33

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

July

Aug.

3, 245

337
329
3,268

341
413
3,176

May

June

Sept.

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel. Manufactured Products
Fabricated structural steel:
Orders, new (net)
___ —
Shipments
Backlog end of year or mo "

thous. sh. tons..
do
do

336
341
2,322

2,712

379
374
2,497

408
362
2,599

355
379
2,575

433
320
2,727

2,712

386
316
2,740

3, 751

413
365
3,022

3,071

570
318
3,279

Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of mo.__.
_.thous__
Shipments
do
Cans (tinplate), shipments (metal consumed),
total for sale and own useO -- thous. sh. tons

1,273
1 922

1,258
2 026

1,248
2, 184

1,246
2, 262

1,165

1,146
1,879

1,154
1, 959

1,243
1,711

1,303
1,665

1,281

2,267

1,372

2,036

1,280

2,057

1,251
2,171

1,228
2,001

385

395

518

496

422

325

331

318

368

343

472

372

'421

458

192.7
59.0

212.7
58 0

217.2
51.0

211.3
51.0

218.4
58.0

214.0
50.0

222. 8
54.0

222.7

203.2

230.0

226.6

56.0

62.0

62.0

237.0

227.6

235.1

56.0

34.7

32 7
41
17.4

26.7

44.3

25.6

20 3

27.8

12.9

33.4

46.2

3.9

5.2

41.7

51.1

65.6

18.9

19.1

17.2

15.1

20.3

15.6

27.7

13.1

18.3

16.7

51.4
5.1
19.0

45 6
6.8
15.7

109.9

121.4

.2400

116.1
.2410

.2434

.2450

576.0

536.8
382.4

422.0

375
353

358
309

417
294

439
351

2,200

458
363

NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons__
Estimated recovery from scrapf
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:
Ingot and mill products (net) A
Mill products, total _
Plate and sheet (excl. foil).
Castings

.mil. Ib.
do
do
do

Copper:
Production:
Mine, recoverable copper t
thous. sh. tons..
Refinery, primary
do
From domestic ores
do
From foreign ores
do
Secondary, recovered as refined
do
Imports (general):
Refined, unrefined, scrap©f
.....do
Refined
.
. do
Exports:
Refined, scrap, brass and bronze ingots.. .do
Refined
_
'.-do
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of mo., total. _
Fabricators'
._ ..
Price, bars, electrolytic (N.Y.)

...do.-.do
._$ per lb__

3.4

13.8
105.6

103. 5

3.4

104.3

3.5

.2262

.2372

.2400

.2400

524.1

588 3
402 6
189 5
3
104 5

557.3

392.1
183.9
76.9

606.5
404.4

166.3
» 100. 6

101.1
133.0
101.6
31.4
24.0

103 9
138 0
105 0
33 0
27 7

45.1

9.9

354.8

3.3

3.8

3.7

96.9

1

1.1

17.5

107.5

5.0

63.0

66.0

4.6

5.6

.2450

.2450

.2450

.2450

.2450

.2450

79.4

83.0
. 2450

726.3

97.7

81.0

75.9

63.4

651.0

530.6

171. 4
80 0

192.0
85.2

401.5
187.8
90.1

614.7
414.3
196.2
93 3

778.6
528.5
263.5

275.4

785.1
535 8
270. 1

r
713. 9
r
517 6
r

248. 0

598.8
437.1
201.2

115.3
140 4
107.9
32 4
32 0

111.1
134 8
110 7
24 1
26 6

111.7
156.1
121. 9
34.2
33.7

115.7
146.6
115.0
31.6
31.4

107. 1
131.4
107. 0
24 3
31.2

121.4
150. 1
118.8
31 3
35.4

116. 7
150 0
109.5
40 5
35.5

119.2
144 6
116.6
28 0
37 9

116.2
147.8
110. 2
37 5
35 3

105. 7
143.8
llfi. 1
27.7
34.4

51.1
14.1

52.4
9 5

36.3
11 4

69.8
14.0

26.2X
6.7

45.4

8.2

35.5
12.6

65.7
10.8

31.1
9 7

58.4
12.9

29.9
9.0

36.7
9.5

24.9
16 4
150.4

33.8
22 7
152 1

40.5
26 8
162 4

40.2
27 o
148 6

58.0
37 0
160.2

121.5
* 15.4
166.4

32.7
26 2
167 5

63.5
48 3
178 5

43.2
34 7
164 9

43.6
36 5
171 1

30.7
29.3
23 0
18 9
v
124.
5
187 8

33.3
26 0

157.1
108. 1
.3160

147.0
92 6

138.5
87 2
.3361

'144. 2
90 7

149.6
110.0

158.2
91.9

146. 4
83 0

119.9
74 9

126.6
79 3

112.3
76 7

v 162. 3
p 118. 5
.3560 .3560

186.5
82.4

410.9
183.8
72.2

77.7
110. 8
78.1
32.7
27.2

93.1
110.4
83.0
27.4
27.1

48 7
11 5

45.5
12.6

30.0
26 o
146 2

35 9
26 4
154 9

175.4
96 0

.3060

142 5
94 2
. 3196

616

697

.3223

.3366

.3370

.3360

.3360

108. 0

.3360

531.1

. 3360

118.7
79 2

.3545

. 3560

Copper-base mill and foundry products, shipments
(quarterly avg. or total) :
Copper mill (brass mill) products _ . mil Ib
Copper wire mill products© _
do
Brass and bronze foundry products _
do

428
239

Lead:
Production:
Mine, recoverableleadf
thous. sh. tons..
Secondary, recovered from scrap©
do

21.1
41.1

23.8
42.8

23.5
42.0

22 8
46 1

23 5
46 0

23.4
44.0

23.3
41.8

24.0
44.3

23 3
45.9

26.5
51.5

26.1
46.2

22 0
46.7

22 4
48 1

22.4
40.5

31.3
96.9

27.8
100 2

23.2
98.2

23.3
100 9

28.8
104 4

19.2
100.9

26.3
104.8

31.2
103.0

26.5
98 5

29.8
102 2

21.7
99 4

18.7
99 4

25. 8
102 6

37.1
86 1

32.3

1 10. 2

98 4

96.5

92.9

94.4

90 8

98.4

100.4

99.1

98.9

93.0

86 9

90 2

93.9

99.8

56.7
119 9

39 1
108 8

32.9
119 9

36.5
120 5

40.9
125 7

OQ 2

115 3

39.1
108 8

35.6
106 5

34.6
101 0

29.9
103 8

27.8
100 4

27. 2
107 1

29 3
110 8

31.0
118 5

66.4
.1114

68.6
.1360

63.6
.1301

57.4
. 1400

60.6
.1450

61.8
.1500

68.6
.1566

74.3
.1600

70.6
.1600

66.1
. 1600

65.7
.1600

63.4
.1600

62.5
.1600

63.1
.1600

.1600

(2)
2 632
1,959

451
4 194
1,860

505
2 045
1,890

357
2 407
2, 090

312
1 768
1,875

268
2 422
1,980

473
1 845
2, 035

17
2 239

870
4 183
1,990

376
2 908

492
3 207
1,925

322
3 073
2, 210

40
2 648

219
2 061

4 620

6,190
4 245

4 680

4 900

6, 970
4 980

5 775

5 440

7,010
5 080

90

403

1251
23, 655

24, 035

Imports (general), ore©, metaH
Consumption, total!

•.

do
do

Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)
_
thous. sh. tons..
Refiners' (primary), refined. and antlmonlal
(lead content)
thous. sh. tons-Consumers' d"
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons..
Price, common grade (N.Y.)__
__$perlb__

Tin:
Imports (for consumption) :
Ore©
_
lg. tonsBars, pigs, etc
____
do
Estimated recovery from scrap, total©
do
. As metal
do
Consumption, pig, total
__
do.
Primary
______
do

(2)

3,596
1,861

255
6,525

664

699

513
275

2,035
240

544
274

2,000
250
7,485

278
6,898
4,873

220
6,885

245
6,750

4,601

5 040

4 730

Exports, Incl. reexports (metal). .__.
do
135
Stocks, pig (industrial), end of mo§
do
25, 610
Price, pig, Straits (N.Y.), prompt... _$ per lb_. 1. 1664

328
21,909
1.5772

311

162

182

22, 635

23, 225

20, 420
2. 0461

47.9

49.3

46.8

50.3

47.4

47.5

50.5

49.3

55.2

53.5

49.3

52.1

47.6

29 8

28 9

24 6

29 8

32 9

30 8
15.1

7.2

25 9
18.3

g9 g

9.4

29 i
12.1

48 3

9-6

30 5
12.3

32 3

38 9
21.1

"8 5
16.6

80
16.8

8 7
16.6

86
16.9

86
16.7

10 5
17.6

10 2
17.6

9 7
18.9

Zinc://
Mine production, recoverable zlnct
44.1
. ,
..
thous. sh. tonsImports (general):
31.1
Ores©f
do
12.1
Metal (slab, blocks)!
do.—
Consumption (recoverable zinc content):
3
Ores©
____
_ do. .
8. 7
Scrap, all types.
_•
__do
317.0
,r
3

9.9
38 8
318.5

1.6167

1. 8538

9.6

9.3

80
16.7

76
16.9

300
6,655

p
£evi|edPreliminary.
i See note "Q" for p. S-21.
2 See note "© " for this page.
Based on annual total; for aluminum castings, monthly revisions back to 1962 will be
available later.
©Reflects new factors to derive tonnage equivalent (1964-65, 23.7 base boxes per ton of
steel; 1963, 23.5 boxes; 1962, 23.2 boxes); revisions back to 1961 are available.
fEffective Dec. 1964 SURVEY, data for all periods represent estimated industry recovery
of aluminum (excluding alloyine: constituents).
ABeginning Jan. 1962, net shipments of ingot derived by new method to include imports




275

285
6,795

21, 285 24, 343
1. 9027 1. 6311

240
7,090

1. 5726

219

1. 5498

260
7,905
567
25, 250

1. 6498

.3560

798

706

519
267

485
256

498
266

.2450

611
24, 260

1. 8067

240

r

310

7, 610
r 5 420

6, 755
5 005

83

173

24, 215
1. 9195

23, 183

142
23, 470
1. 8412

9.4

1. 8894

3.7
0

Q

19.1

.1600

226

1. 8696

1. 9190

36 1
10.7

88
18.6

not previously included; revisions back to Jan. 1961 are available. {Revisions for 1962 are in
the Sept. 1963 SURVEY: those for 1st half 1963 are available upon request.
©Basic metal content (for tin ore, Sept. 1963 through Apr. 1964 data are in terms of gross
weight).
*fSee similar note, bottom p. S-32.
-'/Beginning Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
§Stocks reflect surplus tin made available to industry by GSA.

SURVEY OF CURRENT BUSINESS

S-34
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1964

1964

Monthly
average

Aug.

1

October 1965

Sept.

Oct.

1965
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', at smelter (AZI)A
do
Consumers'
~
do
Price, prime Western (East St. Louis). _$ per lb__
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
,_mil. sq. ft. radiation..
Nonferrous*
---i
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
Stoves, domestic heating, shipments, total.- .do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipmentSv total
__thous..
Gas
do
Water heaters, gas, shipments
do

74.4
5.0
92.1
2.8

79.5
6.0
100.6
2.2

80.7
5.4
100.9
2.6

77.6
4.8^
108.6
4.1

81.8
6.3
109.6
1.6

80.0
5.8
100.4
.1

80.2
5.9
102.8
.3

C79.2

6.0
106.9
.8

75.8
6.2
104.3
.6

83.2
6.7
118. 7
.5

82.8
6.5
109.8
1.2

86.9 . 82.6
6.5
6.8
115. 5
113.3
.3
.4

85.1
5.4
96.9
.5

47. 9

'31.2
103.0
.1357

29.5
83.5
.1350

30.6
99.1
.1350

33.9
103.0
.1399

36.4
98.0
.1450

32.0
103.0
.1450

34.4
93.5
.1450

28.4
87.1
.1450

22.9
79.7
.1450

20.2
77.6
.1450

23.3
25.2
102.4 '102.3
.1450
. 1450

26.9
110.3
.1450

1.0
9.2

.9
9.4

.9
10.5

1.2
13.6

1.3
12.9

.8
9.6

.7
8.8

.6
8.2

.8
7.3

.8
8.3

.7
8.0

.5
6.4

.7
8.4

.6
8.2

48.8
42. 2

47.3
42.6

62.0
50.5

66.7
46.2

62.9
41.9

50.6
39.5

35.4
42.6

'44.3

'41.8

'38.0
'42.9

'45.6
' 45. 8

' 39. 8
'51.6

'42.1
'48.6

46.3
47.9

43.5
44.6

176. 0
173. 1

183.3
180.9

196.3
193.5

203.9
200.7

205.0
201.4

174.6
172.5

174.1
172.1

150.7

167.0

206.9

179.5

170.0

199.2

153.9

98.6
70.6

87.5
'55.6

86.3
'55.3

' 89. 1

94.0
'56.2

82.3
'57.3

110.3
77.5

155. 9
103.5

106.3
87.9
194.2

' 84. 2
'69.2
210.0

' 90. 1
'73.9
230.4

' 92. 8
"77.1
227.2

'87.3
'72.5
215.9

'97.4
'82.3
192.1

107.3
88.7
205. 0

116.6
96.0
214.0

92; 1

.1200

161. 9
101. 5

150.9
102.3

222.4
158.7

231.9
160.4

283. 7
194.9

132.9
92.5

117. 8
95. 3
200. 3

118.8
96.8
223.3

139. 7
111.3
213.0

169.1
131.3
230.7

170.2
134.6
256.5

121.9
97.0
190.5

MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fans and blowers, new orders
mil. $_. 141.1
Unit-heater group, new orders
do
1 15. 7
Foundry equipment (new) , new orders, net
mo. avg. shipments, 1957-59=100.. 131. 9
Furnaces (industrial) and ovens, etc., new orders
(domestic), netf
niil. $ . 8.2
Electric processing
do^
1.1
3.4
Fuel-fired (exc. for hot rolling steel)..
do___.
Material handling equipment (industrial) :
Orders (new), index, seas, adj
1957-59=100-.
Industrial trucks (electric), shipments:
Hand (motorized)
;
number..
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments—
__ number..
Machine tools:
Metal cutting tools:
Orders new (net), total
"Domestic
Shipments, total
"Domestic
Estimated backlog
Metal forming tools:
Orders, new (net), total
Domestic
Shipments total
Domestic
Estimated backlog.

.
_ ..
_
-

218.6
9.6
1.1
4.8

45.0
18.1

46.1
25.4

145.6
118.7
138.2

10.8
1.0
6.8

0

46.3
14.4

27.3
.1450

51 3
19 2

157.8

122.1

201.6

358.5

380.8

407.3

249.0

374. 1

192.9

274.6

280.6

387.0

11.1
1.2
5.3

13.7
1.8
6.4

8.3
1.1
4.1

13.6
1.4
5.6

13.8
1.3
5.1

11.9
1.9
5.5

16.0
4.3
7.5

9.4
1.7
4.6

11.3
1.1
5.3

9.7
1.4
5.1

18.3
1.0
6.7

10.5
1.0
6.0

128. 7

152.0

155.2

150.6

163.1

169.3

139.9

199.4

177.5

188. 6

165.6

547
581

574
594

473
585

555
632

604
688

585
671

724
694

564
566

572
627

629
808

540
663

557
820

765
848

742
842

558
695

2,434

3,014

2,730

3,127

3,316

3,208

3,762

2,944

3,176

3,445

2,604

3,242

3,625

3,497

3,378

mil. $_
do
_ do
do
..months

59. 50
47'. 50
49. 90
41.10
5.2

81.35
67.40
65.95
53.05
6.6

73.80
62.65
60.90
51.20
6.8

83.60
68.00
72.30
56.85
6.9

81.00
67.70
71.65
54.40
6.8

69.95
57.85
65.65
52.75
6.8

81.05
70.75
86.50
70.35
6.3

81.85
72.95
68.10
58.; 55
6.5

91.40
78.00
70.35
60.45
6.7

97.80
86.65
90.30
77.75
6.6

96. 05
85.70
77.75
68.20
6.6

74.75
67. 10
82.45
71.75
6.4

93.65 ' 95. 60
87. 10 ' 84. 75
83.75 ' 69. 45
71. 15 ' 60. 70
6.5
6.8

108. 85
96.50
58.25
. 50. 70
7.4

mil. $._
do
do
do
months.

18.10
15. 90
15.30
12.80
4.7

32.35
29.40
19.00
16. 70
9.9

15.80
14.90
17.35
14.10
10.8

25.40
20.55
15.90
13.10
11.1

22.75
19.45
21.15
18.70
11.1

23.95
20.40
20.35
18. 10
11.2

38.25
36.35
24.20
22.00
10.9

20. 00
18.45
21.20
19.60
10.5

22.50
20.55
24.55
22.80
10.2

24.95
23. 30
27.65
25. 10
9.7

20.15
17.75
21. 25
19.40
9.5

24.05
22.55
27.90
24.80
9.0

40.85 ' 26. 70
39.70 ' 26. 05
26. 00 '20.20
23.55 ' 17. 75
9.4
'9.4

24.25
22.40
20.65
19.05
9.7

._

367.6
105.0
27 2

Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9
^
mil $ i 312.3 i 375. 4
178.6 198.1
Tractors tracklaylng total
do
i 23.0 128.0
Tractors wheel (con off-hlghwav)
do
Tractor shovel loaders (integral units only),
i 73. 6
wheel and tracklaylng types
mil $
187.8
Tractors, wheel (excl. garden and contractors'
1150.9 1 169. 8
off-highway types)
__
mil $
Farm machines and equipment (selected types),
excl tractorsO
mil $ i 210. 3 '»238.7
ELECTRICAL EQUIPMENT
2,442
Batteries (auto, replacement), shipments
thous.. 2, 653
i
Household electrical appliances:
Ranges (incl. built-ins), sales, totalf
do__ 15,5. 8 - 163.8
Refrigerators and home freezers, output 1
140.8
1957-59=100.. 127. 8
375.6
Vacuum cleaners, sales billed
thous.. 353. 9
Washers, sales (dom. and export)..
__do
329. 1 349.1
Driers (gas and electric), sales (domestic and
152.2
export)
__
thous.. 133. 0
Radio sets, production!
do
1, 523. 5
Television sets (incl. combination), prod. § _ _ _ d o _ _ _ I 594. 2
Electron tubes and semiconductors, factory sales ©
mil. $_. 73.6
148
Motors and generators:
New orders index qtrly
do
H51
New orders (gross) :
Polyphase induction motors, 1-200 hp__mil. $__
12.4
D.C. motors and generators, 1-200 hp
do
2.6

147.4

2,631
152.3

184.9

317.2
93.4
20.4

165.8

516.8
120.5
45.6

412.2
115 1
27.2

83 6

72 6

95.4

114.9

120 4

142.1

220.1

209.5

219.8

190.6

294.5

295. 2

2,999
172.7

3,550
165.0

3,057
165.9

3,594

2,361

187.6

151.2

2,215
171.9

1,769

205.5

238.1

2

55.8

1,722

1,660

1,928

'2,052

2,402

161.7

144.1

176.3

148.5

163.4

159.8
367. 9
388.7

125.1
329. 2
356. 1

87. 6
376.6
398.6

109.0

127.7

213.3

101.5
389.9
384.7

157.5
435.1
462.0

118.2
437.9
391.0

152.2
409. 6
333.8

141.3
372.4
316.1

135.9
377.9
309.5

161. 5
416.7
333.6

168.4
495.2
390. 0

162.0
397.8
298.0

160. 5
329.6
315.0

172.0

248.4

233.8

199.4

193.1

145.5

152.3

145.8

91.9

83.3

32,316.6
1, 598. 0 1,633.4 332,193.8 1, 692. 8 1, 700. 0 81,961.6 1, 702. 1 1, 825. 4 32,306.0 1, 782. 2 1, 792. 8 32,171.0 1, 757; 0 1, 764. 5 31,240.1
751.1 3 945. 7 ' 596. 3 823.8
745.1 850.9 3 996. 0
756.8
913.8 a 931. 6
797.5 705.8 1,052.7 956.3
63.3
52.5
55.0
55.2
59.4
57.5
58.7
64.5
57.1
60.2
59.4
54.1
54.4
4
203
4196
181
170
163
167
160
161
228
191
205
176
U78
15.3
3.0

14.9
2.8

15.8
2.5

15.5
2.7

' Revised.
» Preliminary.
i Quarterly
average.
2 p0r month shown.
3 Data
4
cover 5 weeks; other months, 4 weeks.
Quarterly index.
11See note "||", p. S-33. AProducers' stocks, elsewhere, end of Sept. 1965, 8,500.
*New series. Shipments (from The Institute of Boiler and Radiator Manufacturers)
represent the following approximate percentages of total industry shipments: Convectors,
90 to 95%; radiators and baseboards, 80 to 85%.
9 Includes data not shown.
concludes data for built-in gas fired oven-broiler units. Shipments of cooking tops, not
included in figures above, totaled 31,400 and 19,700 units in June and July 1965 respectively.




r 128.

29.2
.1450

15.8
2.5

18.1
4.5

14.7
3.2

16.4
3.4

18.9
4.1

19.5
3.2

17.6
3.7

19.4
3.8

16.2
4.4

15.5
3.6

tAs reported by the Industrial Heating Equip. Assoc. for member companies, including
orders (not shown separately) for indust. ovens, atmosphere generating and combustion
equip., and miscel. items. Monthly data back to 1958 are available.
©Revisions for
1962 appear in the June 1964 SURVEY.
H Revisions for 1961 are available.
IRevisions for 1962-63 appear on p. 3-34 of the Apr. 1964 SURVEY.
. .
§Radio production comprises table, portable battery, auto, and clock models; beginning
Jan. 1964, data for television sets include color sets.
0See similar note, p. S-35.

SUKVEY OF CUKRENT BUSINESS

October 1965
1963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1965

1964

| 1964

Monthly
average

S-35

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

' 1, 292
88

1,362

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production.

1,373
131

1,245
142

' 1, 300
128

1, 275
120

1,278
78

1,348
61

1,262
132

1,045
23

1S305
42

1,171
45

1,313
73

13. 895

13. 699

13.699

14. 196

14. 196

14. 196

14. 441

14. 441

14. 441

12. 005

12. 005

12. 005 '12.495 Pl2. 495

40,583

42,409

43, 752

45, 922

41, 877

43,364

39, 390

37, 290

43, 150

41,605

41, 390

42, 810 '33,880

34, 102
17, 420
14, 664
6, 469

35, 926
18, 586
15, 646
7,396

34, 620
18, 685
14, 781
7,464

34, 781
18, 013
14, 875
7,493

37, 438
18, 682
16,472
7, 987

36,973
18, 678
16,364
7,879

41, 859
21, 174
17, 758
8,167

42, 813
21, 471
18, 517
8,215

38, 697
19, 608
16,346
7,554

41, 394
21, 134
17, 887
8,445

35, 866
18, 323
16, 479
8,144

35, 417
18. 632
16, 174
8,130

35, 584 36, 146
19,292, 20, 018
15, 761 '15,492
8,119
8,172

1,962

1,635

1,066

1,501

2,190

1,851

2,906

2,825

2,743

2,370

1,019

528

442

564

do

65, 692
46, 139
19, 103
7, 373

63, 842
48, 762
20, 149
' 8, 666

67,682 71, *92
48,443 51,279
18,823 20, 185
8,643
7,976

75, 153
53, 697
21, 061
9,343

77, 283
54, 785
22, 087
9,873

75, 342
52, 661
22, 305
10, 081

70, 435
49,195
20, 930
9,517

67, 141
46, 589
20, 296
9,225

64, 923
44, 670
20, 070
9,424

65, 489
44, 973
20, 349
9, 576

68, 692
47, 713
20, 763
9,749

71,418
49, 857
21, 311
9, 970

66, 188
47, 482
18, 446
7, 783

do

450

366

416

428

395

411

376

310

256

183

167

216

250

260

3,923

3,997

5,250

4, 263

4,973

3,718

3, 791

1 2, 218

2,675

3,040

4, 268

4,707

5,069

4,231

2 4. 748
27.014

4. 798
6.895

4.829
6.800

4.814
6. 987

4.810
7.016

4.810
7.094

4.810
7.144

4.788
7.176

4.789
7.175

4.785
6.960

4.804
6.582

4,806
6.551

4,799
6. 595

81
4, 442
1,344

'99
' 5, 075
1,405

'94
5,138
1,415

105
5,141
1,349

115
5,476
1,382

138
5,370
1,354

154
5,564
1,412

156
5,603
1,496

150
5,128
1,406

181
5,732
1,448

149
5,569
1,332

136
5,781
1,390

163
'151
5,566 ' 5, 598
1,475
1,407

151
5, 546

2,972
2, 275
697
1,200
38

'2,372
' 1,969
'403
1,354
45

' 2, 294
r
1, 842
'451
1, 379
59

2,359
1,915
444
1,339
36

2,346
1,973
373
1, 324
63

2,211
1,888
323
1,375
62

1,975
1,713
262
1,359
36

1,855
1,634
221
1,461
159

1,656
1,485
171
1,507
57

1,424
1,277
147
1,508
74

1,225
1,095
130
1,539
59

1,136
993
143
1,564
60

1,118
982
136
1,548
69

'1,177
1,017
'160
1,511
63

1,272
1,085
187

3 1, 691
2.93
264.2
87

1,718
2.92
270.1
87

1,892
2.92
281.0
88

1,945
2.92
269.1
87

1,705
2.92
273.3
86

1, 836
2.92
262.6
85

1,662
2.92
279.8
88

1,455
2.92
277.1
87

1,554
2.92
250.3
87

1,522
2.92
275.2
86

1,478
2.92
262.' 3
85

1, 354
2.92
272.9
85

1,583
2,92
273.1
87

1,521
2.92
288.7
89

thous. sh. tons.. 1,522
279
Prices:
29.39
Retail, stove/composite
$ per sh. ton..
13.361
Wholesale, chestnut, f.o.b. mine.-.
do

Bituminous:
Production

thous. sh. tons.. 38,244

.

Industrial consumption and retail deliveries,
total 9
thous sh tons
Electric power utilities
do
Mfg. and mining industries, total. ..
do
o epan
Stocks, industrial and retail dealers', end of
month total 9
thous sh tons
Electric oo wer utilities
do
Oven-coke plants
Retail dealers

Exports
do
Prices:
'Retail composite
$ per sh ton
Wholesale:
Screenings, indust. use, f.o.b. mine
do
Domestic large sizes f o b mine
do
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke §
Stocks, end of month:
Oven-coke plants, total _
At furnace plants
At merchant plants
Petroleum coke
E xports

__

do
do
do
__do
do

1,258
82

46, 400

42, 925

5,086

17. 46

thous sh tons
do
do
__

1,626
93

\

4.799 *>4.799
' 6. 645 "o 6. 778

99

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 :J
Gasoline (incl. aviation):
Production
Exports
Stocks, end of month

_
_

327.4

337.7

335.5

325.0

343.9

330.3

350.5

362.4

327.1

366.4

353.2

346.8

340.9

345.5

229.4
33. 4

233.8
35.0

232.6
34.9

227.9
34.7

237.3
35.6

230.7
35.5

242.3
37. 0

240. 9
37.0

218.6
34.3

243.8
38.4

236.8
36.7

238.3
36.8

232.4
35.2

237. 6
36.6

34.4
30.2
.1

36.6
32.4
.3

40.7
27.2
16.6

36.9
25.6
3.2

39.2
31.8
1.8

34.1
30.0
4.2

31.7
39.5
-43.2

37.3
47.1
-15.2

32.7
41.5
-22.1

41.4
42.8
-11.3

38.1
41.6
12.2

39.0
32.9
23.9

do

327.3

337.4

319.0

321.8

342.1

326. 1

393.8

378.7

349.2

377.7

341.0

323.0

327.5

330.3

do
do
do
do
do

.1
6.2
320.9
4136.
0
4
14. 4

.1
6.0
331. 2
142.0
14.9

.1
6.0
312. 8
150.1
12.8

.1
5.6
316.2
145.6
13.7

.1
6.5
335. 6
147. 8
15.8

0
5.4
320.7
131.5
15.1

.1
6.2
387.4
145.5
20.7

.1
5.0
372. 5
5125.0
613.0

344.4
119.6
12.0

1,

(•X6.3
371.3
140.4
11.0

.2
6.3
334.5
140.9
6. 3

0
5.8
317.2
149. 6
4.3

.1
6.2
321.2
155.2
4.5

.4
5.7
324.2
156.7
4.9

do
do
do

462.3
M4.9
9.6

62.4
46.3
9.9

41.4
36.7
10.7

48.1
38.3
10.6

56.8
45.1
9.8

65.9
45.7
9.7

94.5
61.2
7.3

92.8
65.3
518. 7

86.9
58.0
14.8

83.9
59.4
17.2

61.0
54.9
17.6

45.8
39.6
19.7

41.8
38.6
18.2

42.3
37.8
18. 6

3.6
9.8
19. 7

3.8
10.0
20.4

3.7
16.7
18. 6

3.9
15.5
18.8

3.7
13.9
20.9

3.6
7.9
21.9

3.4
3.9
29.0

3.9
3.5
25.7

3.2
3.5
24.3

4.3
4.8
25.2

3.8
7.7
18.5

4.2
12.3
16.9

4.3
15.7
17.1

4.1
17.2
17.1

831.1
246.9
33.8
4
550. 4

844.7
242.5
38.7
563.5

873.3
237.9
46.6
588.7

876.5
232.8
46.8
596.9

878.2
235.2
46.1
596.9

882.5
236.8
43.2
602. 4

839. 2
230. 1
35.7
573.5

824.0
230.2
31.0
562.8

801.9
230.3
27.7
544.0

790.6
239.6
26.3
524.8

802.9
251.4
29.7
521.8

826.7
255.1
35.0
536.7

840.1
253.6
38.7
547.8

855. 2
242.1
43.6
569.6

135.4
.6
192. 8

142.2
.7
201.5

149.4
.8
190. 9

142.5
.5
188.6

145.9
.7
187.2

141.4
.7
197.2

147.3
.8
199.5

6145.6
5.8
5213.9

130.5
.3
225.0

139.7
.3
224.9

133.4
.4
217.4

« 137. 9
.5
205.6

141.6
.7
192.6

148.5
.3
185.1

.109

.102

.093

.090

.105

.113

.113

.113

.113

.110

.113

. 113

.113

.113

p . 113

.201

.200

.198

.201

.200

.202

.202

.198

.192

.212

.208

.208

.213

.209

.211

do
do
do
do
_do___
do
do
do
do
do

Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal

4
4

4
4

/ Revised.
" Preliminary.
« Corrected.
1 See note "O" for p. S-21
2 Data beginning Jan. 1963 not entirely comparable with those for earlier
periods.
3 Beginning Jan. 1963,
4
data exclude condensate wells formerly included.
gee note 1 for p. S-36
s Beginning
Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents finished grades only
(alkylate excluded); commercial jet fuel (formerly included with kerosene) is now included




^2.92

39.9 i
33.3
13.3

40.7
30.6
15.2

.210

e Less than 50,000 bbls.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
JRevised data for months of 1962 appear on p. 28 of the June 1964 SURVEY.
NOTE FOR ELECTRON TITLES, p. S-34—0 Beginning Jan. 1964, excludes sales
of receiving tubes; 1963 sales of such tubes averaged $22,800,000 per month.

SUKVEY OF CURRENT BUSINESS

S-36
1963

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1964

1964

Monthly
average

October 1965

Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products^— Continued
Aviation gasoline:
10.4
Production
__mll. bbl_.4
Exports
_ do__
10.7
Stocks end of month
do
Kerosene:
213.8
Production
do _
2 31. 7
Stocks end of month
do
Price, wholesale, bulk "lots (N.Y. Harbor)
.102
$ per gal
Distillate fuel oil:
2 133. 8
Production
mil bbl
.8
Imports
do
1.3
Exports
do
2135.8
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.092
$ per gal
Residual fuel oil:
2 23. 0
Production
_
______
__mil. bbl_
22. 7
Imports
do
1.3
Exports
do
2 4=8. 6
Stocks, end of month
_ __ _ do __
Price wholesale (Okla., No. 6)
$ per bbl
1 57
Jet fuel (military grade only) :
Production
_
-.mil. bbl_.
8.3
Stocks end of month
do
9.4
Lubricants:
Production
do
5.3
Exports
- do
1.5
Stocks end of month
__
_ __do _
13.7
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
270
Asphalt:
Production
_
mil. bbl
9.3
Stocks, end of month _ ' _ __
do _
16.7
Liquefied petroleum gases:
24.7
Production
do
Transfers from gasoline plants
do
15 2
Stocks (at plants, terminals, underground, and
2 30. 2
at refineries) , end of mo
_mil. bbl
Asphalt and tar products, shipments: J
Asphalt roofing, total
_
thous. squnres..
Roll roofing and cap sheet
do
Shingles, all types
do
Asphalt siding _ _
Insulated siding
Saturated felts

_ _ __ _ _ __

do
do _
thous. sh.tons..

10.7
.5
9.4

11.6
.6
8.9

11.2
.3
8.5

10.1
.5
8.1

10.1
.5
8.7

10.9
.6
9.1

14.7
1.8
18.2

3.8
.2
8.5

4.0
.3
8.8

3.8
.3
9.0

4.3
.4
8.5

4.0
.7
8.2

4.2
.3
8.2

14.1
33.4

13.4
36.0

13.9
37.3

15.3
37.9

15.0
38.6

17.3
36.2

19.7
124.0

8.7
20.7

8.4
18.1

6.9
18.7

6.6
21.0

7.0
23.4

6.7
25.3

.096

.093

.093

.093

.095

.099

.101

.101

.101

.095

.095

.095

.095

61.8
1.0
.5
143.5

62 0
.9
.2
175.0

59.4
.9
.6
186.7

59. 0
.8
.5
189.4

58.7
.6
.3
182.6

66.2
1.9
.4
155.8

66.8
1.1
.4
130.6

61.0
.8
.2
105.3

62.2
1.4
.6
84.6

58.6
.8
.2
82.8

61.5
1.2
.3
99.4

58.7
.5
.2
116.6

65.5
.9
.3
140.5

p. 095

.086

.083

.083

.083

.085

.089

.091

.091

.091

.087

.087

.087

.087

p .087

22.3
24.7
1.6
42.7
1.50

21. 1
18 4
1.5
44.6
1.35

21.3
18.9
1.5
45.4
1.35

22.5
24.7
1.9
45.9
1.50

23.5
23.3
1.3
46.1
1.65

25.7
30.9
1.5
40.4
1.80

25.3
38.7
1.5
38.3
1.80

22.4
34.2
1.7
35.7
1.80

24.7
34.7
1.6
34.4
1.75

22.0
34.1
1.4
34.5
1.75

'21.3
24.6
.9
40.1
1.75

20.9
23.6
1.0
45.2
1.75

21.6
22.1
1.3
50.2
1.80

p 1.85

9.0
9.3

10.4
10 7

8.9
9.6

8.7
9.1

8.7
8.9

8.2
9.9

114.9
117.7

13.7
18.7

16.0
19.2

15.8
20.0

16.9
20.0

15.7
20.5

16.8
21.0

5.3
1.5
13.5

54
1.7
12.9

5.3
1.2
13.0

5.4
1.7
13.0

5.3
1.5
13.3

5.7
1.5
14.1

4.9
1.3
13.9

4.9
1.1
14.4

5.5
1.6
14.0

5.3
1.9
13. 7

5.6
1.7
13.4

5.1
1.3
12.9

5 4
1.4
12.8

270

270

.270

.270

270

.270

270

270

.270

270

.270

270

270

9.6
16.9

13.7
15.4

12.5
12.8

11.7
11.1

o o

11.7

6.1
14.2

5.7
16.9

5.7
19.4

7.4
22.4

8.3
23.3

12.2
23.5

12.1
20.7

14 4
18.5

4.9
15 6

4.9
14 0

4.6
14.1

4.9
16.3

4.6
17 1

5.1
22.9

4.8
20.6

4.8
19 2

4.8
20.1

4.5
14.5

4.8
13.0

4.8
12 8

4.9
12 3

35.2

43.9

44.3

43.6

40.6

31.8

26.8

23.2

21.4

25.3

31.1

35.3

40.1

3, 990
1,529
2 351

5,504
2,289
3 215

5,216
1, 992
3 224

6,070
2, 197
3 874

7,215
2,591
4 6?5

7,634
2 856
4 778

8,504
3 304
5 200

47
23
70

49
38
91

37
47
68

40
61
75

50
70
89

52
66
95

70
65
108

5,374
2, 009
3 365

5,923
2,185
3 738

7,068
2, 655
4 412

7, 234
2,733
4, 502

7,222
2,807
4,416

5,320
2, 116
3 203

3,815
1,485
2 329

3,404
1,416
1 989

66
70
82

60
57
83

64
68
95

76
75
90

83
82
91

70
47
75

50
27
62

45
25
64

r

•p

270

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption.
Stocks, end of month
Waste paper:
Consumption
Stocks, end of month

thous. cords (128 cu. ft.)
do
do

3,835
3, 870
5, 124

4,064
4, 027
4,763

4,254
4,151
4,620

4,145
3,823
4,924

4,220
4,273
4, 807

3, 801
3,977
4, 769

3, 841
3, 829
4,875

4,180
4,234
4,893

3,789
3, 925
4,818

4,158
4,293
4, 809

4,038
4.268
4,695

4,190
4,365
4,429

3,935
3,989
4,613

4,234
4,110
4,856

thous. sh. tons
do

7'96
501

783
480

827
476

797
474

861
468

787
482

737
522

789
507

784
498

882
494

831
522

836
515

849
520

726
545

WOODPULP
Production:
Total, all grades
thous. sh. tons
Dissolving and special alpha.
_do
Sulfate
do
Sulfite
.
.do

2, 510
114
1,495
224

2,645
121
1,595
226

2,769
124
1,688
234

2,545
106
1,529
222

2,818
126
1,708
244

2,624
111
1,602
192

2,544
121
1,516
208

2,781
120
1,699
230

2,585
117
1,584
215

2,855
144
1,754
239

2,764
122
1, 694
239

2,900
132
1,787
242

2,646
110
1,605
242

2,680
113
1,657
158

do
do
_._do

289
3136
3252

323
128
252

337
128
258

319
127
242

346
130
264

321
131
268

314
131
253

335
125
274

305
122
242

336
121
261

323
128
256

342
125
271

324
125
239

319
185
247

do
do
___do
do

4713
263
4372
78

749
270
392
87

777
293
394
90

725
263
377
85

736
275
381
80

728
268
381
80

738
233
414
92

743
276
387
80

747
294
373
80

736
273
381
82

723
268
377
78

735
278
374
83

'748
284
84

757
281
394
82

_____do.___
_
do
_ _do

118
44
75

134
48
85

143
36
107

134
55
79

121
46
75

112
42
70

152
59
93

573
58

76
32
44

176
67
109

147
58
90

132
48
85

107
43
64

119
52
67

231
22
210

244
23
221

256
22
235

261
22
239

230
21
209

257
24
232

257
26
231

210
16
194

244
23
221

301
26
265

251
25
226

244
23
221

288
26
263

245
23
, 222

3,268
1, 438
1, 522
12
296

3,441
1,505
1, 612
11
312

3,578
1,521
1,711
10
336

3,373
1,458
1,576
12
327

3,732
1,632
1,739
13
349

3,402
1,493
1,599
11
299

3,249
1,489
1,513
12
235

3,537
1,598
1,660
12
267

3,370
1,493
1,603
11
262

3,788
1,661
1,780
13
335

3,682
1,611
1, 736
11
323

3,720
1,609
1,776
12
324

3, 575
1,532
1, 688
13
'341

3, 436
1,490
1,612
10
324

Qroundwood
_
Defibrated or exploded
Soda, semichem., screenings, etc
Stocks, end of month :
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills. _ _ _
Exports, all grades, total
Dissolving and special alpha
All other
_

Imports, all grades, t o t a l _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . _ _ _do
Dissolving and special alpha
______do
Allother
._
do

615

i

r381

PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades, total, seas, adj
thous. sh. tons
All grades, total, unadjusted
.do
£aper_.__
__._
____do____
Paperboard
_ _
do
Wet-mnchine board.
do
Construction paper and board___.
clo____

;
l> £%
t
?immary.
i See note 5 for p. S-35.
2 Beginning Jan. 1963, data for the
ted lte ns exclude
, c^ec
. ve i
certain oils which have been reclassified as petrochemical feedstocks.
I S2 !l T •1963' "screenmgs, etc." included with "defibrated or exploded "
Effective Jan. 1963, excludes stocks of "own pulp" at paper and board mills




r
r
r

j

s See note "O" for p. S-21.
^Revised monthly data for 1962 for petroleum products appear on p. 28 of the June 1964
SURVEY; revisions for 1962 and 1963 for asphalt and tar products appear on p. 32 of the Apr. 1964
SURVEY.

SURVEY OF CURRENT BUSINESS

October 1965

Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1965

1964

1964

Monthly
average

S-37

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

101.4
110.7
96.3
93.5

Sept.

PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.) :
All trades paper and board
thous sh tons
Wholesale price indexes:
Printing paper
1957-59=100
Book paper A grade
do_
Paperboard 9
do
Building paper and board
do
Selected types of paper ( APPA) : I
Fine paper:
Orders new
thous. sh. tons
Orders unfilled end of month
_ do

3, 284

3,469

3,567

3,436

3,754

3,395

3,273

3,532

3,413

3, 936

3, 733

' 3, 754

* 3, 681

101.4
109.9
96.4
93.9

101. 4
109.9
96.4
93.3

101.4
109.9
96.4
93.4

101.4
109.9
96.4
92.2

101.4
109.9
96.3
92.2

101.4
110.7
96.3
92.3

101.4
110.7
96.3
92.7

101.4
110.7
96. 3
92.7

101.4
110.7
96.3
93. 0

208
'135

'209
'142

P196
P141

101.4
107.4
94.7
96.2

101.4
109.4
96.5
94.2

101. 4
109.9
96.4
94.1

101.4
109.9
96.4
94.5

101.4
109.9
96.4
94.3

175
100

186
92

185
91

176
92

192
89

191
106

175
98

177
116

195
127

223
128

213
136

\

Production
Shipments
Printing paper:
Orders new
Orders unfilled, end of month

do
do

178
175

187
186

190
185

185
179

197
193

182
186

183
180

191
175

187
190

216
223

203
201

'201

207

'200
'206

P181
P193

do
do

389

448-

483
402

461
390

463
392

538
439

478
420

496
437

510
448

484
465

577
485

511
488

'512
'508

'519
'521

P535
P563

Production
Shipments
Coarse paper:
Orders new
Orders unfilled end of month

do
do

439
439

468
468

461
461

444
444

503
503

477
477

472
472

490
490

464
464

1522

522

497
497

'504
'504

'503
'503

p475
P475

do
do

355
164

366
168

384
170

370
187

397
193

364
203

362
190

393
214

387
240

411
233

388
224

'384
'226

'367

p390
p236

Production
_ _ do
Shipments
do
Newsprint:
Canada:
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

353
351

363
361

372
366

353
353

397
394

360
359

359
360

388
375

370
365

412
414

389
392

'392
'380

'360
'363

*382

553
552
268

608
609
238

637
634
239

605
628
215

664
661
218

643
665
196

614
632
178

606
556
228

582
500
311

650
595
366

622
677
311

648
691
268

634
697
205

651
642
209

663
646
225

185
184
37

188
189
30

200
194
33

181
188
26

198
196
28

183
184
27

176
181
22

191
179
34

174
180
27

185
187
25

183
188
20

198
196
21

169
171
19

168
167
20

196
189
27

Consumption by publishersc?
do .
Stocks at and in transit to publishers, end of
monthcf
thous. sh. tons

465

503

472

491

532

550

535

490

461

535

544

570

527

477

517

588

566

591

608

599

574

585

571

585

559

'544

526

560

619

634

Imports
_
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton

451

.496

492

506

527

546

584

422

429

554

500

515

581

518

525

134 40

134. 23

134. 40

134 40

134. 40

134. 40

132. 40

132. 40

132.40

132.40

132. 40

132. 40

132. 40

1386

88

400
610
404
92

385
606
380
87

410
627
405
92

384
576
391
88

358
563
358
79

2390
2559

!384

390
89

408
597
408
92

425
642
414
93

417
692
410
91

441
742
423
92

412
760
405
89

384
818
359
78

11, 436

13 755

10 219

13 323

10 899

11 599

11 039

10 881

12 519

12 112

11 865

12 674

11 560

12 639

125. 7

125.3

128.5

134.0

121,. 3

128.7

115.5

114.7

132.3

125. 5

120.2

133.2

119.6

p 127. 5

48. 24
91 10
42. 54
.260

45.55
87 34
52.92
.276

41.52
93.87
31.72
.283

42.42
95.68
42.22
.268

37.00
97.04
30.66
.258

28.42
.248

28
16
65
08

155.61
121. 65
317 81
29 27

144. 72
125 94
315 37
23.87

141. 35
107 88
325 26
24.32

24.87

25 42
24 35
29 84

22 02
21 51
30 22

23 06
22 96
29 60

21 09
20 23
29 96

Paperboard ("National Paperboard Assoc.) : §
1357
Orders, new (weekly avg.)
thous. sh. tons
518
Orders, unfilled, end of month
do _
1358
Production total (weekly avg )
do
87
Percent of activity (based on 6 5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
10, 716
shipments©
mil sq ft surf, area
Folding paper boxes, shipments, index of physical
volume
-— 1947-49=100.. 126.1

574

238

*>383

132. 40 P132. 40
412
818
416
90

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. ¥.)___$ perlb__
Synthetic rubber:
Production
Consumption
Stocks, end of month
Exports

thous. Ig. tons
do
do
do

Reclaimed rubber:
Production
_
Consumption. __
Stocks, end of month

_ _ do
do
do

38.10
72.70
31.63
p. 263

40. 12
73.07
36.77
p. 252

40.60
82. 85
39.04
.245

43.76
81.16
37.20
.250

44.29
78.93
30.26
.261

39.16
78.95
38.83
.275

40.79
86.85
44.41
.255

134. 04
108. 90
281.05
23.60

147.08
120. 96
289 93
26.77

144. 63
120. 05
298 15
26. 52

144. 81
128. 63
287 58
30.45

155. 75
137.94
289 03
22 37

150. 88
116. 69
286 96
29.84

157. 52
124. 97
297 13
29.14

23.45
21. 97
30 30

23.02
21 93
30 81

20. 56
20 89
30 25

23 00
22 36
31 07

24 52
23 21
31 16

21.40
19 61
31 32

11,589

42.24
90.19
19.02
.261

42.13
79.12
27.53
.261

54
19
21
51

144. 99
126 43
320 67
8.97

21 81
22 23
30 08

22 99
22 66
30 88

22.31
22 53
30 15

26 78
25 57
30 73

151
125
314
3 10.

155
138
311
30

54
37
20
91

153
129
307
35

.243

TIRES AND TUBES
Pneumatic casings:
Production
.

„

thous

13, 176

13, 234

14, 355

14, 892

12, 797

13, 632

13, 884

14, 126

15, 242

14, 633

13, 228

13, 460

12, 174

12, 822

do
do
do
do

11 546 • 12 541
3 928
4 004
7,489
8,364

129

173

11 378
2 340
8,867

14 090
4 121
9,729

12 805
2 594
9,922

11 120
4* 035
6*870

12 962
5 366
7,' 364

13 237
4 954
8 136

11 864
4 830
6,796

15 408
5 341
9 782

14 688
5 049
9 439

15 605
5' 336
10^ 033

12 145
2 215
9,682

285

200

236

14 227
4 222
9 689

148

939

14 327
5 712
8 352

316

248

Stocks, end of month...
Exports (Bu. of Census)

do
do

29, 985

32, 364

31, 979

32, 495

34 731

37 553

41 467

39 515

167

165

40 601

36, 095

205

40, 532

35, 036

201

38 264
'3 69

37, 207

148

36 608

211

208

Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bu. of Census)___

do
do
do
do

3 305
3 396
9 467

3 536 '3 384 3 439
3 491 r 3 393
3 448
10 018 10 195 10 439

3 607
3 271
10 908

q f)7n

3 008
11 198

96

81

75

3 257
3 099
11 471
' 78

Shipments, total
Original equipment
Replacement equipment
Export
_•
__

_
__

82

76

132

75

171

86

241

289

' Revised.
p Preliminary.
1 Weekly average for year.
2 Beginning Jan. 1965, data
are 4-week averages for period ending on the Saturday nearest the end of the month.
3 See
note O for p. S-21.
9 Revisions for 1961 are available upon request.
{Monthly averages/ for 1962 for new orders, production, and shipments reflect revisions
to adjusted annual totals; revisions by months not available.




214

231

158

qcq

q COQ

4 821
lo' 160
'339

q &qq

3

10 285

41

953

322

4 n1fi
3 7Kn

3

7QO

in 731

3 410
11 225

115

102

199

3

fl7Q
3 290
3 438
3 070
ll' 334 11 266

100

82

250
q Ofi7

3 297
11 196

128

173

3 251
3 521
11 015
77 •

d" As reported by publishers accounting for about 74 percent of total newsprint consumption
in 1963 and 75 percent in 1964 and 1965.
§ Revised to reflect weekly averages for new orders, production, and percent activity (on
basis of 6.5 days per week); comparable data prior to 1962 will be shown later.
O Revisions
by months for 1962-Feb. 1963 will be shown later.

SURVEY OF CUEEENT BUSINESS

S-38
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

1965

1964

1964

Monthly
/ average

October 1965

Aug.

Sept.

•Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

39, 192

39,292

Aug.

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

29 441 30 635
74
76

37 710

35 834

36, 333

31, 100

25, 968

29, 354

30 665

39, 496

38,008

40, 693

27, 950

19,969

38, 029
23, 070

39 555
23 060

36, 805
20, 628

34 712
18,322

30, 341
15, 302

33, 587
15, 624

39, 585
18, 687

(517 1
28 6
147. 7

645 3
25 9
153 1

723 5
26.1
179.4

725 2
25.0
178.8

737.4
28.4
183.0

647.1
22.6
132.9

92

90

89

79

64

1

17, 539

15, 939

22, 535

29, 987

34,416

494. 2
22.4
111.2

463. 6
23.3
93.5

418.8
21.5
90.1

578.4
23.6
123.7

700.0
27.3
147.5

758.3
29.6
165.9

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 so ft
Price index, brick (common) , f.o.b. plant or N. Y.
dock
1957-59—100

r

787.8
26.5
185.4

767.1
26.2
171.0

31.1

31 5

29 5

33.4

31.2

32.2

31.9

28.1

20.1

20.2

26.3

27.0

26.8

29.8

22 3

23 8

24 8

23 8

24.4

22 1

21.3

20.5

21.4

25.9

24.3

23.6

26.4

106. 1

107 1

106.9

107.2

107.2

107.2

107.6

107.6

107.7

107.8

107.8

107.8

79 325
35 370
43 955

81 326
36 188
45 138

15,134

15,784

17,797

15,184

15,923

14,812

13,511

15,818

15. 663

12, 638

16, 684

17, 672

18, 600

14,692

15 398

17,188

16,893

14,917

14,122

14,671

14, 575

14, 265

19, 176

12, 813

15, 732

1 736i,

2,652

3 027

1,792

1,356

1,300

1,301

1,323

2,066

1,176

1,398

1,664

2,080

2,839

4 751

4 471

4 024

4 068

4 326

4 132

5 453

2,838

3 931

4 636

4,431

4 974

956

1,659
2,451
1,363

975
2,422
1,375

1,028
2,417
1,321

1,836
3,661
1,968

1,541
2,761
1,082

2,277
3,355
1,221

2,465
3,915
3,352

3,192

3,471

3,305

3,236

2,776
541

2,947

3,275

107.8

24.0
107.8

108.7

18,460

19, 299

17, 948 '•16,894

18, 348

GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. average or total)
thous $
Sheet (window) glass shipments
do
Glass containers:
Production

thous gross

Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
Beverage
Beer bottles
Liquor and wine

_ _

Medicinal and toilet
Chemical, household and industrial
Dairy products

1,602
4 100

84, 599
38, 156
46 443

82 874
39 898
42 976

4 227

4 656

do
do
do

1, 350
2, 453
1,349

1 472
2 771
1 396

1,324
3,318
1, 357

1,101
2,622
1,525

2,274
1,679

1,179
2,137
1, 550

do
do
do

2, 972

3 0644

3,124

3,106

3,000

3,225

do

613
148

621
124

25,668

26,432

536
115

489
149

26,929

25, 375

61
118

625
132

25,621

26 413

27,724

Crude gypsum, qtrly. avg. or total:
Imports.
thous sh tons
Production
do

1 372
2, 597

1 562
• 2 671

2 002
2,816

1, 567
2,588

Calcined, production, qtrly. avg. or total

2, 295

2 360

2,479

2,202

Stocks, end of month

739
127

83, 162
32, 643
52, 498

81, 797
29, 299
50, 519

602
103
26, 515

640
99

835
120

26,794

20, 274

c

' 2, 089 1,757
3,852
3,344
1,155
1,382
2,692

3,371

98

524
79

552
89

509
86

24, 074

25, 733

26, 112

26,812

27, 314

180

922

564
117

GYPSUM AND PRODUCTS

do

Gypsum products sold or used, qtrly. avg. or total:
Uncalcined uses
thous. sh. tons- 1, 052 1, 140
Industrial uses
do
70
73
Building uses:
Plasters:
Base-coat
_
do
259
243
All other (incl. Keene's cement)
do
248
248
Lath
__
mil. sq. ft_. 387. 3 373. 7
Wallboard
do
1, 777. 3 rl 885 6
Allother§
do
62 0
63 2

1,250
71

........

1,206
72

r

........

2 132

2,365

........

815
76

1,300
- 87

237
263

r 208

210

327.1
1,790.0
58.1

410.1
2,020.9
66 6

1,630
2,622

r

204
241

262
281

1 072
2 365

377.6
2, 149. 2
78.9

' 306. 4
1 72H 9
r 50 g

TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics, weaving mills:f
Cloth woven (gray), total
mil linear yd
Cotton (gray)___
_ _
do
Stocks, total, end of period d*
do
Cottoncf--. _ _ _
do
Orders, unfilled (gray and finished), total, end of
period 1 _
mil linear yd
Cotton (gray and finished) f
do

967

1 056

761

985
710

998
707

1,180

1 068

1 141

1, 118

728
829

2 741
1,865

661

3 661
2 500

707
3 034
1,891

692

3 093
1,956

2

1 237
2 893
1,071

1 000

673

670

3,320
2,174

3,541
2,357

714

1 073

2

1 107
2
787
1 068

1 028

740

661

3 661
2,500

1 040 2 12 286
745
914

614

992
597

949
567

3,642
2,536

3,917
2,807

4,032
2,919

1,021

1 026

4 166
3 067

COTTON
Cotton (exclusive of linters) :
Production:
GinningsA— _thous. running bales 3 15,290 3 15,148 1,009
Crop estimate , equivalent 500-lb. bales
thous bales 3 15,334 315,180
Consumption O
_
do
712
699
745
Stocks in the United States, end of mo., total O
thous bales 17, 789 '19 601 '26 597
Domestic cotton, total O
._
do
17, 661 '19
488 '•26 462
On farms and in transit
do
3:, 481 r 3, 880 r 14, 517
Public storage and compresses O
do
12 818 14 290 11 058
Consuming establishments
do
1,361
887
1,317
Foreign cotton, total O
do
114
135
128
r

588

621

4,312
3,153

4,289
3,121

(

3, 681

9 061

12, 383 * 13, 595

5

14, 939

15,148
2

702

2882

723

2799

729

741

2914

735

742

897

595

733

25, 974
25, 840
12, 646
12 341

24 948
24 823
8,123
15 754

23, 709
23, 589
5,001
17, 354
1,234

22, 404
22, 292
2,130
18 706
1, 456

20 976
20 869
1,114
18 115
1 640

20, 138
20, 034

18 813
18,718

17 340
17, 252

16 380
16, 300

15 240
15 166

14 291
14, 223

17 464
1, 762

16 021 15 080
1 824 1 784

14 099
1 753

13 056
1 599

12 521
1 472

28, 401
28, 306
14, 620
12 512

853
134

946
125

Revised.
1 Beginning Jan. 1965, excludes finished, used in prepared masonry cement
(128,000 bbls. in Dec. 1964). 2 Data cover 5 weeks; other months, 4 weeks. 3 Total crop for
year.
* Ginnings to Dec. 13. s Ginnings to Jan. 15. « Oct. 1 estimate of 1965 crop.
§pomDrises sheathing, formboard, and laminated board.
f Effective Feb. 1965 SURVEY, monthly data (back to 1960) reflect adjustment to benchmarks
and other basic changes; see Census report: "Woven Fabrics, M22A (64)-Supplement 1."
Beginning Jan. 1964. data for total cloth are not comparable with those for earlier periods;
manmade fabrics classifications were revised and drapery fabrics included.




1 050 2 12 258
751
893
979
1,038

736
953
572

120

112

107

808
104

873
95

388
88

448
80

511
74

230
67

3,663
615,159

i"m
95

d"Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held denims; small quantities of finished fabrics
are included. ^Unfilled orders cover cotton fabrics (gray and finished, except bedsheeting ,
blankets, and toweling) and manmade fiber fabrics (gray, except blanketing).
ATotal ginnings to end of month indicated, except as noted. 0Revisions for Aug. 1962Dec. 1963 are available: for stocks, monthly averages also reflect cotton released by GSA
from the cotton stockpile (beginning July 1962).

SURVEY OF CURRENT BUSINESS

October 1965

Unless otherwise stated, statistics through 1962
and descriptive notes are shown In the 1963
edition of BUSINESS STATISTICS

1963

1965

1964

1964

Monthly
average

S-39

Aug.

Sept.

Oct.

Dec.

Nov.

Jan.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
.
thous. balesIm ports
do
Prices (farm), American upland
cents per lb__
Prices, middling 1", avg., 15 markets
do____
Cotton linters:
Consumption©
Production}
---Stocks, end of mo.fO

_ ._

.

thous. bales
_ .__ do __
.do

363
11
232.0
233.2

437
10
29.5
330.7

120
49
30.6
31.2

184
2
30.6
30.7

290
44
31.0
30.6

388
1
30.1
30.6

111
129
666

116
131
671

107
46
541

114
115
505

4131

109
209
644

18, 543
,15, 273
9,678
484
7,981

18, 489
15, 174
9,608
480
7,931

18, 672
15,350
12, 175
487
4
10, 003

.612
.869

.617
.871

.617
.869

3

COTTON MANUFACTURES
Spindle activity (cotton system spindles):©
Active spindles, last working day, total- thous __ 18, 628 18, 541
15, 813 15, 346
Consuming 100 percent cotton
_ ^ do
Spindle hours operated, all fibers, total m i l _ _ 9,849 10, 292
456
Average per working day
do
467
8,349
8,546
Consuming 100 percent cotton
_ do
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
.644 * . 630
20/2, carded, weaving
__$perlb__
.912 P .892
36/2, combed, knitting :
do —
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production, qtrly. avg. or total© __mil.lin.yd_. 2,190
2,243
Orders, unfilled, end of mo., as compared with
avg. weekly production
No. weeks' prod-12.0
10.6
Inventories, end of mo., as compared with avg.
weekly production
No. weeks' prod-5.5
5.0
Ratio of stocks to unfilled orders (at cottoi?
.52
.42
mills), end of mo., seasonally adjusted -Mill margins!
cents perlb— 25. 18
29. 49
Prices, wholesale:
Denim, mill
finished
.cents per yd__
38.1
36.6
Print cloth, 39. inch, 68 x 72 .__ . _ do
15.9 *>616.5
Sheeting, class B, 40-inch, 48 x 44-48... do
17.0 P 17.4

198
572

4

12.4

4123
195
709 .

18,744 18, 667
15, 398 4 15, 286
9,909 11,093
444
495
8,166 4 9, 155
.617
.869

2, 156

11.8

747
zy. o
£.8
30.6

.617
.875

244
0)
27.6
30.6

181
1
27.6
30.6

584
7
28. 6
30.7

407
4
29.5
30.8

251
4
29.7
30.8

398
2
30.2
30.9

266
3
29.9
30.7

117
53
28.9
30.0

110
186
762

109
167
798

4141

175
815

112
132
800

112
105
768

4133
71
715

86
53
671

106
44
605

18, 750 18, 651
15, 308 15, 157
10, 031 412,341
502
494
8,214 4 10, 079

18, 676
15, 126
9,938
497
8, 084

18, 846 18, 692
15, 192 14, 962
10, 116 412,287
506
492
8, 196 49,847

18, 757
15, 030
8,343
417
6,713

18, 929
15, 119
10, 131
506
8,071

.627
.885

.632
.889

P. 632
P. 895

18, 744
15, 322
9,905
495
8,109

.617
.876

.617
.876

.617
.878
r

13 2, 329

13.7

18.2

14.8

15.6

17.2

.622
.878

.622
.878

2,368

2, 364

18.0

19. 1

19.5

24.2

18.8

3.9

3.9

4.1

5.1

4.0

19.1

.39
533. 19

.36
34.14

. 32
34.53

.30
34.62

.29
35.22

.27
35.83

.26
36.02

.23
36.16

.22
36.49

.21
37. 30

.21
37.49

.21
37.97

.20
538.31

36.9
15.8
17.0

34.9
(7)
17.5

34.9
16.5
17.5

34.9
17.0
17.5

34.9
17.5
17.5

34.9
17.8
17.5

35.1
18.0
17.5

34.9
18.0
17.5

34.9
18.5
17.5

34.9
18.8
17.5

•34.9
18.8
17.5

34.9
18.8
17.5

•v 34. 9
P18.8
P17.5

880.4
207.9 ' 8 68. 1
164. 2 r 854.0
437.8
70.5

871.6
855.9

MANMADE FIBERS AND MANUFACTURES
743.8
Fiber production, qtrly ave1, or totalO
mil Ib
659.2
819 3
754.5
198.0
Filament yarn (rayon and acetate)
do
199.8
177.4
194.4
136.4
Staple, incl. tow (rayon)
do
154 2
144. 8
148.6
347.2
402 8
Noncellulosic (nylon, acrylic, protein, etc.)_do
289.0
351.7
62.2
Textile glass
fiber.
do
62 5
48.0
60.1
' 1
Exports:
Yarns and monofilaments
thous. lb— 8,196
5,575
9,706 10,907 10, 831 10, 496 10, 245 13, 078 93,786
Staple, tow, and tops
do
5, 367
2,671
4,187
5,564
7,831 92,225
4,701 4,851 4,994
Imports:
Yarns and monofilaments
do
982
883
975
680
935
1,208
1,814
706
767
7,782
Staple, tow, and tops._
do. _ 10, 463 11, 141 6,902
5,837
8,433 10, 346 11, 140
4,948
Stocks, producers', end of mo.:
35.2
Filament yarn (rayon and acetate)
mil. lb—
32.4
34.9
33.1
32.4
56.8
32.6
33.9
36.9
Staple, incl. tow (rn yon). _ _ _ _ _ _
do
49.8
53.2
49.0
35.5
47.8
51.3
49.3
46.5
50.7
Noncellulosic
fiber©
do
123.4
°10113.3 o 132. 2
134.4
Textile glass
fiber
do
35.2
28. 5 1° 33. 1
36.8
Prices, rayon (viscose):
Yarn, filament, 150 denier A
__$perlb—
.78
.78
.82 p u . 7 8
.78
.78
.78
.78
.78
Staple, 1.5 denier
_
do
.28
.28
.28
.27
.28
.28
.28
.28
" .28
Manmade fiber and silk broadwoven fabrics: J
Production, qtrly. avg. or total 9--.mil. lin. yd
861.
1
765.2
3 942. 0
879.1
3
Filament yarn (100%) fabrics 9
do
384. 6
421 9
391 8
Chiefly rayon and/or acetate fabrics— do
201.7
3228.4
208.4
13
72. 6
75. 1
72.2
Spun yarn (100%) fabrics (except blanketing) 9
3
mil. lin. yd—
308.5
336 4
311 5
Rayon and/or acetate fabrics and blends
3
do-162.4
165 8
162.7
Polyester blends with cotton
do
112.1
3 132. 2
114.0
Combinations of filament and spun yarn fabrics
3
mil. lin. yd—
115.4
128. 5
120. 0
Exports, piece goods
thous. sq yd
12, 972 15,439 13, 251 16, 842 16, 057 14, 538 17, 742 9 6, 716 10, 821
WOOL
Wool consumption, mill (clean basis):©
19.5
18.4
18.0 44 21. 7
16.2 4 19.4
19.4
Apparel class
mil. ib__
20.9 1219.1
8.9
10.1
9.7 410.7
9.8
9.3
12. 7
Carpet class
do
13.4 12 10. 0
19.7
15.1
16.6
13.6
25.2
W"ool imports clean yield
do
18.
3
23.8
11.5
7.1
6.2
6.8
12.6
9.5
Duty-free (carpet class)*
do
14.0
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
1.405
1.398
1. 275
1. 392
1. 337
1.405
1. 325
1.397
Graded territory,
fine 1
$perlb
1. 326
1.300
1.300
1.155
1.325
1.286
1.216
1.318
1.286
Graded fleece, % blood
do
1.175
1.375
1.125
1,375
1.375
1.375
1.235
1.200
1.389
1.285
Australian, 64s, 70s, good topmaking
do

835.6
203.3
165.4
401.5
65.4
12, 100
7,184

11, 041
7,492

7,559
4,686

10, 071
4,976

8,081
2,840

8,189
3, 336

1,032
16, 470

1,087
8,892

970
9,781

1,564
9,505

1, 023
9, 689

1,114
13/412

32.1
51,8
130.9
34.1

32.9
52.4

33.5
55.5

34.5
60.6
145.7
33.7

'40.1
'69.6

46.3
73.0

.78
.28

.78
.28

.78
.28

.78
.28

P . 80
P. 28

•».80
p. 28

11,910

r

973. 0
' 417. 2
76. 7

' 361. 5

374.4

T

162. 0
171.9

174. 4
' 151. 2
' 137. 0
20, 078

18, 797

14, 660

131.4
13, 494

11, 148

411.0

22.5
8.7

22.1
8.7

4 27. 3
410.8

19.3
6.5

1. 215
1.138
1.095

1.195
1.130
1.075

1.195
1.145
1.075

1.195
1.155
1.075

1.218
1.172
1.100

1.265
1.220
1.225

106. 9

105.7

106.2

106. 7

107. 1

109.0

424.7

38.57

980.6
416.7
219.6
77.2

r 221. 6

r

29.5
29.7

1.275
1.253
1.225

WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale prices
1957-59=100
105. 4
Woolen and worsted woven goods, exc. felts:
Production, qtrly. avg. or total© ...thous. lin. yd. 71,101
Apparel fabrics, total
do
68, 485
Women's and children's
do
43, 246
Suiting, price (wholesale), flannel, men's and
bovs'. f.o h mill
IOR? KQ— inn
Qfi 8
r

107.9

107.5

v Qfi Q

107.5

108.0

95.8

95.8

109.0

56,705
354,343
3
35,330
9fi.l

s
Revised.
v Preliminary.
1 Less than 500 bales.
2 Season average,
average for sales prior to Apr. 1, 1965. 4 jror 5 weeks; other months, 4 weeks. 10
note "H."
e For 11 months.
?N.A.
s For month.
« See "O," p. S-21.
Quarterly average.
» See note "A."v 12 For 52 weeks.
« Forl4 weeks.
© Revisions for 1962-63 are available.
9 Includes data,not shown.
fProduction and stocks of linters at oil mills revised to approximate running bales; data
back to Aug. 1958 are available.
IMargins reflect equalization payments to domestic users
(Aug. 1964-July 1965, 6.5 cents; beginning Aug. 1965, 5.75 cents per pound); data also reflect




108.7
3

63, 035
61, 251
42, 079

64, 961
63, 018
41,629

108.7

108.3

65, 904
63, 559
36,914

73, 309
71, 386
43,868

96.1
9fi. 1
96.1
96.8
96.8
96.8
101.1
101.7
101.7
101.7
substitution of two cloths used in the average (comparable data back to Aug. 1963 are
available).
AEffective Jan. 1964, prices reflect change in BLS source and are not comparable with
those for earlier periods. Dec. 1963 price, comparable with Jan. 1964, estimated by QBE, $.78.
tSee corresponding note, bottom, p. S-40.
*New series. See corresponding note in the Aug. 1964 SURVEY.
©Beginning July 1964 index, yarn specification changed to "American system, manufacturer to knitter."

SURVEY OF CURRENT BUSINESS

S-40
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1963

| 1964

Monthly
average

October 1965

1964
Aug.

Sept.

Oct.

1965
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

17, 105

Sept.

TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
thous doz. pairs.
Men's apparel, cuttings :f
Tailored garments:
Suits
-- thous. units
Overcoats and topcoats
do
Coats (separate), dress and sport
. - do
Trousers (separate) dress and sport
do
Shirts (woven fabrics) dress and sport thous doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
. do _
Women's, misses', juniors' outerwear, cuttings: t
Coats
thous units
Dresses
__
do
Suits
do
Blouses waists and shirts
Skirts

thous doz
do

.

15, 007

15, 794

16,663

16, 900

17, 417

15, 284

15, 671

14, 170

15, 534

17, 147

15, 033

13, 905

17, 289

16, 120

1,713
357

1, 717

1,806

1,711

2,103

2,059

350

418

1,889

391

398

1, 840

428

1,656

2,177

332

' 1,r 995
485

1,185

931

887

840

728

942

9,551 '10, 725
2,382
2,109

11, 562
2,335

11, 322
2,325

336
316

406
324

428
331

2,046
21,914

2 133
22, 483

1,374

828
1,363

825

901
775

280

1, 841

1,785

256

193

193

930

1,022
11,240
2,505

1. 095
12, 228
2,671

1,034
12, 405
2,804

1,073
11,937
2,573

12, 465
' 2, 499

10, 148
1,893

436

446

323
661

11, 108
2,679

1,087
9,601
2,444

10, 054
2,425

1, 035
10, 354
2,499

379
302

398
369

343
330

326
305

358
339

346
313

442
362

399
324

367
308

'331

356
261

2,521
20, 446

2 454
19, 608

3,096
21, 178

1,696
16,759

899

2, 450
23, 630
1,362

2,141
30, 228
1,279

27, 879

840

2, 104
20, 985
1,138

813

820

2,438
18, 512

1,340
25, 067

2,354
24, 311

2,301
19, 086

708

518

903

988

1, 344

1,323

1,575

1,349

1, 170

1,506

1,495

1,670

1,505
'830

1,359

' 1, 445
'933

1,386
1,187

930

837

719

834

613

525

752

745

841

678

902

' 1, 099

TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. avg. or total.
mil. $__
U S Government
do
Prime contract
_ __do
Sales (net), receipts or billings, qtrly. avg. or total
mil. $._
U S Government
do

4,409
3,522
4,021

4,492
3,379
4,070

4,505
3 293
4, 120

3,995
2,971
3, 534

4,694
2,960
4,341

5, 106
3 298
4,589

4,102
3, 301

4,172
3,204

3,978
3,060

4,262
3,247

4,050
3,011

4, 206
3,081

Backlog of orders, end of year or qtr. 9
..do
13,904
U.S. Government
do
10, 950
Aircraft (complete) and parts
do
5,301
Engines (aircraft) and parts
do
1, 510
Missiles, space vehicle systems, engines, propulsion units and parts
mil $
4,646
Other related operations (conversions, modifications), products, services
mil. $_. 1,295

15,218
11, 658
6,276
1,527

15, 454
11,927
6,294
1 461

15,218
11, 658
6 276
1,527

15, 862
11, 607
6,377
1,850

16,762
11, 824
7,056
1, 771

4,558

4 882

4,558

4,602

4,725

1,418

1,514

Aircraft (civilian): Shipments®.
do
Airframe weight © thous Ib
Exports
mil $

1,418

1,381

1,568
159.6
3,174
51.8

57.2
1,340
20.3

88.8
1,909
23.9

89.2
1, 748
19.5

67.8
1,454
14.0

94.4
2,176
32.3

83.0
1,856
21.7

109.7
2,263
12.8

91.2
2,075
230.0

99.7
2,071
23.1

758. 4
730.0
636.5
620.3
121. 9
109. 7

774.4
744.3
646.0
629.5
128.4
114.8

339.6
319.9
237.3
230.8
102.2
89.1

700.9
671.1
581.9
563.8
119.1
107.3

491.8
463.7
411.5
394.7
80.3
69.0

794.1 1, 031. 4
748.8
995. 1
679.2
884. 3
648.4
862.4
114.9
147.0
100.3
132.6

936. 7
910.7
798.1
782.8
138.6
127.9

906.0 1,124.6 1, 017. 7
991.4
873.2 1,091.0
957.5
861.0
774.8
937.9
846.9
753.1
167.1
156.7
131.2
153. 1 144. 5
120.2

number
22, 928 27,455
_ _ _ d o 12, 851 14, 726
do
10,076 12, 729

26,308
14,927
11,381

22,853
11, 895
10, 958

26, 938
13, 521
13, 417

137.9
2.834
57.2

124.6
2,574
34.3

' 119. 1
' 2, 472
23.0

130.8
2,562
24.1

-^
61.1

MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total. _ _ _ _
Domestic.
....
Trucks and buses, total..
Domestic -.
.
Exports, totalf
Passenger cars (new and used)
Trucks and buses

thous..
do
... do
do
do
do
_

25, 130
14, 577
10, 553

Imports (cars, trucks, buses), totalcf....
do____ 36, 534 44, 413 20, 430 40, 283 46, 831 48, 374
Passenger cars (new and used)cf
___do
35, 308 43, 896 20, 181 39, 632 46, 382 47, 644
Shipments, truck trailers: A
Complete trailers and chassis
do
5,947
6,976
8,056
;
6, 465
7,316
7, 245
Vans
_
do
4,177
4,841
3,558
4,366
3,885
4,320
Trailer bodies and chassis (detachable), sold
separately
_
number
987
804
678
806
445
650
Registrations:©
New passenger cars
,
..thous.. 629.7 672. 1 648.7 565.4 658.5 563.5
Foreign cars
do
32.1
46.2
42.4
39.9
42.4
40.3
New commercial cars (trucks).. _
do__._ 103.7 113.5 111.1 121.1 114.5
97.8

986.0 1, 058. 6
960.7 1, 034. 3
894.1
832.7
819.3
880.9
153.3
164.5
141.4
153.4

880. 1
863.8
754.0
745.6
126.1
118.2

444.7 1 638. 7
433.9
333.0 •i 492. 1
330.4
111.7 1 146. 6
103.5

36, 053 236,617
20, 732 234,478
15, 321 232,139

11, 570
7,929
3,641

24, 141
16, 179
7,962

16, 593
10, 138
6,455

13, 805
8,155
5,650

11,901
6,610
5,291

10, 277
4,946
5,331

8,035
2,150
5,885

63, 985
63, 427

24, 172
23, 622

44,476
43,971

57, 355
56, P94

66, 010
65, 120

42,216
41, 800

51,779
51,351

46, 492
46, 200

19,-322
19, 162

7,157
4,510

7,063
4,536

7,481
4,613

9,591
5,659

9,337
5,753

9; 390
5, 923

9,134
5,544

8,174
5,261

8,740
5,627

867

403

305

245

422

642

1,156

1,593

1,146

756.8
39.4
113.4

667.0
36.0
102.7

631.1
30.1
98.9

798.7
43.1
126. 9

895. 9
46.9
142.3

841.4
49.5
130.8

841.5
49.3
135.2

833. 6
52.0
136.4

766.7
54.3
129.7

5,873
3,976
1,897

6,813
4,659
2,154

5,784
3,739
2, 045

5,034
3,583
1,451

RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
....
number..
Equipment manufacturers, total__-._____do___~
Railroad shops, domestic
___do
New orders.
E quipment manufacturers, total. _.
Railroad shops, domestic
Unfilled orders, end of year or mo
Equipment manufacturers, total
Railroad shops, domestic

do
.do
do
do
....do
__do

Passenger cars: Shipments
Unfilled orders, end of mo
Freight cars, class 1 (AAR): §
Number owned, end of year or mo___
Held for repairs, % of total owned

3,747
2,608
1,140

5,756
3,780
1,976

4,349
2,875
1,474

4,314
2,899
1,415

5,124
3,629
1, 495

5, 820
4,260
1,560

6,490
4,665
1,825

6,130
4,272
1,858

6,594
4, 337
2,257

6,152
4, 348
1,804

6,166
4,040
2, 126

5, 089
3,665
1,423

5, 911
3,701
2,210

5,344
4,124
1,220

3,992
2,610
1,382

6, 763
3,387
3,376

6, 443
2,326
4, 117

9,741
6,647
3,094

9,436
4,582
4,854

4,988
3,532
1,456

7,827
6,025
1, 802

4, 809
3,110
1,699

5,839
5,241
598

8, 555
7,971
584

6,330
5,586
744

8,801
6,188
2,613

22, 183 '32,857
12, 645 '20,025
9,538 12,833

31, 598
21, 006
10, 592

31, 278
20, 688
10, 590

30, 452
20, 249
10,203

29, 824
17, 187
12, 637

33,167
19, 190
13, 977

36, 465
19, 500
16, 965

35, 006
18, 845
16, 161

36,580
20, 517
16, 063

35.225
19, 589
15,636

35,207
20, 875
14, 332

36,744
23, 982
12, 762

37, 293
25, 832
11,461

40, 832
28, 209
12, 623

do
do.I.I

16
198

21
328

30
333

28
305

31
284

46
238

57
191

24
177

27
150

31
119

29
90

26
64

22
62

10
52

13
39

thous..

1,515
6.8

1,495
5.9

1,499
6.0

1,497
6.0

1,495
6.0

1,493
6.0

1,495
5.9

1, 495
6.0

1,496
6.0

1,495
5.8

1,495
5.7

1,495
5.7

1,492
5.7

1,491
5.8

1,489
5.8

. J. ?rel*J. ?stV. of pr^?c^!oll-. 2 See note "O" for P- s.~21-- 3 See note "t"
IS^JS?'
T
M OTIrn V rP.VISinriK
mr .IRTV
NPnr 1963
1Qfi3 aro
f Monthly
revisions for
Jan. iQnl—
1961-Sept.
areavraila'hla
availableiiv\f^-n
uponvnm-mn-t.
request
9 Total includes backlog for nonrelated products and services and basic research
® Data include military-type planes shipped to foreign snvprnments
1 Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles
cfData cover complete units, chassis, and bodies.
AEffective with the Apr. 1964 SURVEY, shipments have been substituted for production
Shipments of trailer chassis only and dump trailer chassis, sold separately, are now included
with the complete trailers and chassis (except detachable). Data back to 1958 are available
©Courtesy of R. L. Polk & Co.; republication prohibited.




V

§ Excludes
railroad-owned private refrigerator cars and private line +Tn^B_-ii
cars.
-\Tr\rrcrx T7i/^-r» TV T A TVT TV /r A TV TTI T7iTTDTm~> m A T> TT> T/-I ci TT> ci or>
^ t~i. ~j._ -\r\r> A
, .
.
.
,
data reflect revised fabric classifications. The difference between total production and the
sum of data for filament, spun, and mixed yarn fabrics shown separately (p. S-39) covers
upholstery, blanketing, silk, paper, and other specialty fabrics. The difference between the
total for 100% filament yarn and the components shown, covers all other filament yarn goods,
including glass fiber and polyester fiber fabrics. Data prior to 1964, comparable with the
detail shown, are not available.

•National defense expenditures _
i weekly and hourly, -,*«.,___,______14—16
;-.*____-,' 1, 18
Sating and drinking places—_______,»,___«H~ 11, 12
' ' ouct-^^..-^.^,,.',. ^ *• , f , 2 '
• Kggs and -poultry^ , . ^ H___,____;____'__-___^ 3t 7, 29 ' National parks, vwltSw*^-^-*^-...•......».,,- . '24 '''
General:
Electric.power^^.,. — „..:_____n«».-— ™ 4, 8, 26
- newsprint.:______,„,.;____,»«.^..L__w-*.-.J. ___ . 23, 37
Electrical machinery and equipment..^..__.»
3#
Hew York Stock Exchange, selected data ^ 20, 21
.
.. .»....,-.,
5,6,13-15,19,22,34
Nonferrous metals....^.^..,:..,^. 3» 8* 19, 23, 33, 34
- 7*8'
C&irimodity prices ..-.„.. _____
Employment
es^mates.i.*
__
___
w.-..-^
__
-^
___
'
12-14
Noninstaliment
credit___-,;*~~^-^.____^___.17, 18
Construction and real estate
9» 10
Employment Service «ctlvitieiw....A.«^^.«16
"
Domestic trade.-,- .-•____— :
Expenditures. V*S« Clovernment,^___;____H__18 *_«...». J^LU,-___*^».
27
____...-_________.'.„.,._.-.
25 •
. , . ^ —...^..-.-.-.-.w.iZ:^™ , ' . ,34
Employment and population___^ „.„;.,..____12-16 ^cplostves.,...
Exports (see also individual commodities)____
1,
Oils and fats—-...,.._______»„•____»_„»; -8, 22, 29, 30
Finance. —,»_.._;___U™- *..„„____:.--.*. J ' 16-21
' - ' • ' -- . '
- ' .' «
' 21-23
Orders, new and unfilled, manufacturers*.....,,.
6
Foreign trade, of the United State*.-,*-.,-.... *21~23 .
Express operations. — ^^^,«»^»^»___'_^_; ___ 23 '
Ordnance.'?. ---- «-:»...w.-..(6.-:.l..-rfci.-^....^ 13-15
^*-.-. 23»,24
-.Fail^ures, industrial and commegcial«.^»,-»™
7
Paint and paint matt rials.___..1*.^.::.....^' '• 8, 25 •
' Fans and -blowers!.._____H___«___nn*--«— - 34 . Panama Canal traffic.^..--^!.'..-!^.^-.^^'. "'24
Farm income, marketings, and pricea__„»___w 2,3,7
l»aper and products rmd pulp,.- _— *«-..^«; ___ 3,
Farm wages ----- :««.*_*_«,;._..._--;-:; ___ —«- ' 16 •
Chemicals and allied products .-.-.-«-—--.- ' -'25
Fats ;«nd oils'—
—^
^^^.n,*.'
^ . , .___
___•*--,
* ____.— ,. 8,22,29,30 ' Parityt^.
, Electric power andgas-~.--~---w;^~^_,,,;; . 26,
Federal Government
flriatM*._
" ' 18
•' 24'
Food and kindred products j tobacco »u.«__-; 26^30
.Federal
Reserve
banks,
condition
cfc
16
r^..^.^^^....^.^^^^^. ___• -- 44
3-eather and products-,,--.^..^:..,____^.i.' 30r31'.
Federal 3Re8drye meinher banks ___
' '17'Personal consumption expenditures___.^-w-___;
-f ,
.,.^,..^___. . -___»™.«,..
8, 25
' Personal incoiue- . « A*...,...^.^..^..'___«;.«»,;' 2, 3
' Lumber and .jMrodoct»*...-..-'J.m!l.^ __ ^ __ L ' " 31 '
• Fire losses.-.— ™___,„_____'-™.*«___,•Personal outlays.-, - >__'___.„,__^^..^^___^..^__-^^
.
-, 2
10
Metals and manufactures _____ :„«„*-,___—.»- 32H34
29 "Fish oils andfisJb—,___.».'.^™.^n-u-*.i
Petroleum iiiid,product8».»-l,^w-.^—-^-^^«'"Z*fc' ' 4-6,
- Petroleum, coal, and prodwci* -.---;___:U~,-,~~ ,'35* 36
31
- .
'Ml, 13r15» 19,22723, 35,36
Pulp* paper, and paper products - _____»* - »' ' 36, ,37, " Flooring, hardwood,. — -...nnn— HH
• Flour-, wheat. . . ,n--w.uH'^^H-^i..i.n-.-.^ 28
Figjron,.- ---- ;-f..»-«»_w-w^-,__-*-.^«-i,«__— -» - -32
Food products* 1* 4^8, 10, HI, 13-15, 19, 22, 23, 27-30
Plant-a?ad equipment .expenditures,,,— .__™' : . ,2, J?0 Rubber and rubber products.....;,
; - ' '--31'
•.•Foreclosures,
realettate^-n^H-.--.-.^^,..'-10
Hasto and' resin -materials-.-,.,,.,«___^>..^ ' ' ' 25' A
Stone, clay, and glass products.
38
Foreign trade (see also^indi1iidualcommod.)-,.J; 21-23
Population __ «,___»__-^X—.'-:J'' -^ '• -'""*
38-40
Textile products .U'j _;.,.*,•.;;„.:;
Foundry'
0q«dp«ent^n«H-.n
___
,—~-^~~
___
''\34
•gbr^^.^^j.^.
'
Transportation equipment.*..;...
40
Freight carloading»^»^^.»^.^..___^_» ' • -'-24Postal savings.
17
.«.«w.Mi.i<_»t^A.».i ___ • ^ .
- . 7t$9
, Freight cars (e<iulpment}—,HHH« j»________ , 4, 40
Fruits attd i?egel®,Wes— iwn.*»*..»4___J-- 7, 8, 22
Prices
(see
also
Individual
commodities),,,^
7»
8
' Fttd-oan.^^ ----- :^^H.n*w-.n.i*^»,___'35, 36 ;- Printing and publishlrig».«^«1i,i.^i.-«^.«___*' 13~1§ SIJKIIS
Profits, corporate._ _~ ~
'"-'
- Fuelt ----- ->^-wn_____,.,_«^___n4,8,35,36
2.19
PjibHc utilities.
Iwnace8«».^«,.ni.™« __ .H-i—___1-— ___ i., ____ ' ' 34
Advertising;,,...^,.-...-.., ..,;._-...™,_i»,;™ 10, 11*16 '" " Furniture.
,24-'.n.-.___—---^.H— ... 3,4,8,11-15,17
Aerospace vehicles____i,...^.______,.U»...'U*^ , 40
*— ^__»«_«,
'
'36
Agricultural loans___.^Jl^..*^.-!.*__»,\Jw-» • 16
Porchasing
power
of
the
dollar,,
- '8" '
Air carrier operations^_____.—^»— — -.^.v-v '• '$3'i output, prices, saies»revejaues.--.~ ____ 4, 8, 26 •
• Aircraft and parts. -„_„,.,.«* Jw,. i,.., ___ 3*13-15,40
;>
ollne.^>-^^_,.__.^^
—
H~nn-.1*
35,
36
•'
',
Radiators
an
dc
on
vectors._^.
___
'^*...^.-^..
•
,
'
34'
Alcohol, denatured and ethyl___A™^..,.,.-..
25
- Glass and products.,..__*— ..____, ___ '__-___, • 38
Radio and, televjislon,.!..,^^,.',.^'..,^ ___ 4, 8» 10 -11, 34 '
Alcoholic beverages.-..*-,- .,*--,__i^,.-'-*...,
__ 8i 10,- 26
:
,G&rcerin_.
—
^..n.nn^.-«
.^.^n.—
-,'-2,5'
w
gailroa^. .« u™ % 13, 14, 16, 18, ?0, 21, 24, 40
Ataminum,..___,...«fc" ^^»J«^ '- /- -„ -"i. " * 23,33
'OoW.r..n-^*^—,--i.-'Hw___._„______^.: - ,'19Railways (local) and bus lines. - —.w^«-.^. 13-15, 23
AppareL... ---- ^.^___„.-_— t.3,4, 7,8; 10-15,40
.Grains and prodttetsH.H. .-,.,.,_-.• '7, 8,'22» 24, '27, 2'8' • - 3Rayon-and-acetate—J.-.««w<(___^.^»^*.''.«i U*. ' -'39 '
Asphalt and tar,product».,,^...,,_,_..___._ 35,36
' « - . ^ » 11,12
- Rfiat'ertiite^^^...^^^^.^^-.^.^.! 10, 17, 18
Automobiles, ete_» i» 3-*6» 8, 10,^,13-15,1^22,40
, - . , . ™ - . ^ - *
"^ - 1-.
Receipts,' ^.J, Qoverriment,*.___ii.^««,^J»A -' - 1,8,
'
, Gross private domestic Investment
'. ___ ._ • ' ',. 1
.-««___. . - « ^ ^ .
- «. • ' ' - - - ' ;7'
Balance of international payments _ _ __ -'..-M'Gypsum
and
products,.
-»._»„_
__
H
Refrigerators and home free«en
-.- .^- 8,38
. .« ' • . " ' " 34;
....,..«»..__..
. . - ^ . » ^ _ .«,
» •- - - ' - • " - • ' - ' 7 • Barlev— ,, ^^_^_______^__ • • 27
Retail trade. ---- ^_»,_to-_«_ 4, 5, 7, IMS, 17, 18
Barrels- and' -dntmtu, «»«,-.__.i,ww,»!^..;^;.,,,.. , , 33
Hardware stpres«_— « ___ ^,*^...«...n^— - - 11'- - Rice^-.
___
,
_____
_-_«
___
^
^.-i.^.i^^ii..--- 27 '
• .Battery1 shipments. L-.A-;;:..^..^^.:,^;.,,^.:,/^ •'• 34
-•-Heating. equipment,'-,___,n'.»».-.'__*__,.^I.__. 8,34
Roofing and siding, asp6altj.»-l...w..,.fc.i<*^ • ' 36
, Beef and veal___'_, ____ • __ .wL^v-^.^j^ '_.„ 28 •
Hides and-sMnsi-^^w-w.-.-__.___'*i...Hlni:. 8, 30 •
Rubber
and
products
(Inel.
plastics)^
.
...
._
,
„
4-6,
•Beverages.;.,,.— I/.,. ---- ^..^A,^-,,;..! 4,1J; 10, 26' •
Highways and roa«l8»-^^__--HH—.__««^.__*, ' ''9, 10 ;
- ,
-•
-•/. , ',-'; "
,' 8, 13-15, 23, 37
Blast furnaces, steel works, etc I...., i Ju''- • ., 13«-15 '
g ^ .- - - - -- - - r n - . i . . i ; - -" ^ H . . w ™ - — ' 28-'
Bonds, outstanding,\-fcised, prices, sales,
Home lioaci banks, outstanding ad vances. . ___ 10
;
Saving* personal.
• • yields^_.«^m ,_Ww-_^^w;...___^^' - 18-20 ' ; • Home mortgages — , ____1«.-i.«.-s»n..<;<.> ____ , ____ '
10
Brass and bronae^..-"-^-i-XL-™:^^.^ ' - ' -"33 '. ' 40 ; ' Savings deposits.
'-17.
Securitiea issued _
-Bridc^.^v-'-,— >-;-i-U --- — ~ -.-^-._™;'; '• 38
19, 20
14»-15,24
- Broke/* s balances ___ i,U-^.-~,___l v*— »^-.._».^_^ . - 20 - '
, Secunty
« » . « „ ___ i.« . ' 14
20,21
Building and construction materials. 8, 10, 31, 36* 38
, . . ^ ._ _ _,-..«..^-— ^ . ^ , 13-.15
s^-»,'I-^i.w>ln___,_n.. -1,4, 7,8, 10-12 '
"Building fjotoi-,,.:.!,*..;..*,', ____ Hi__*.„,....;.__• % 10' ';
Sheep and Iambs_______^,.'«.^.:.LI«^_____--««i
Household appliances and radi«>s',«.«^^j.^^_ S4y8» 11, 34
28
_ Building JKs^lt»»^^-.u-v.^-u.4,ji.«.:^j'-1:' • : /ft-- '• Housing starts and' permits. , „ iyw v ._,.,.,.„ , . „fc; ^ ' ' ' 9 • /Shoes and other foot^»ear_».^.___'. *^i.^/ 8,:13,,12,31
''-Business incorp^
• ' -,' ' 7 Stiver.___,~~____-^___«^^.-.^-.--«.^ -..- ' '
19
Business sales .and inventories -.. .. .^._..:.^ -: " 4, 5
Soybean cake and -meal .and" oil. .' . ^ ^ - ^.^ • " 30
ort (see also individual commodities^-- 1* 22, 23
Spindle activity, Cfiltwi^iX-.---^.'.-.^'^,;!!!''.••:- M:
,meipersflpal--.n~~-«^-.-4.>--n«-»»-^ t -.___Ll" 2,3
Steel Ingots and ste^el manufactures^l.^^^^ __ ^,- 32,33
.Income and employment 'tax, receipts,.^__^«^, ' .--isSteel scrap, —-,»-— «^_.«.««.-«,.,*«^^«,.
32
Industrial production indexes:
.';.: . • .,
Stock
prices, earnings, sales, -etc.*,.^, •«__.• 20,21
,
*-,,.,.,.^,,!..,,^-^^^^^^.!^.'' - : 24
\y Byindus^y^^^.^H^~^~~*.-w._ta-n, '3t4
Stone, clay, glass products -.^
- Cattle ai*d calves,, HV~~~,H~~~H~«n~-«~-..' • ; 28-- By -market grouping.^^..^;___^___: n«--.' ' '3,4
Cement and ccmcre1»-pro^t;i6t»-i.^.i«^_-,^«i/ 8-10, 38' - • Installment epeaft^H— '..-'i.^--nw.i ___ 12, 17, 18 ' - Stovea and ranges-;^,w^«i.'»;w.»-«.w
34
- ' Cereal 'and bakery products.,-- .^*.-™.-..^.j:; • • '8
?3,29
Installment -sates, ,department itowt-H-i."!__h; - 12 '
Chain-store sales, firms with 4 or more and 11v
25
•-lns^umett,tsand/eiated'proiluc1S»n'<.«*.>«nw 3, 13-riS
; or more stores...__iHi,H-».-w'.'^,.i.»-H-l ' "'12
25
Insulating materials Hi- - -.- - »-H' ^ S..H ~ »-•__-, ' • 34 ;' Sulfuric -«dWi.-«. ^.
'Ch«ejKk,.ws-,'L,«;.i'.^,;i;i^i^*,».. __ „,.,; __ w*»- • ••/ $7- •
,'•', ,25Insurance?life-^vH-n----^Xi*»*«-nCn«i_,- 18^ 19 ' ' Superphosphate —
, -Chemicals..,™ ---- i...,-^-,.' 4-6, 8, ,13-15, 1% a2,2$ '-.,
interest a^d-mon'ey r^tesV-— ^,— •__i.^.-in'-. • . . 17'
Cigarettes-and' cigars..,.,.. *... HJ^ii^,.,.. - 8,30
'Tea imports——--..-.<~~-^,*.~~^;-.^.X,.
29
;'InyentorleSi,;mattulftCfurers* and tiradew..-* 4-6,11.12 '
Civilian employees, Federal __ ^ _ w / _ • •
-,14"
Telephone, telegraph, cable, and radiotele'- - - « » » » ^ ^ « « - , ' «~ "' - .
, Clay products-,.; ---- -...,i-~,^~,_;^.___.^_ , , 8, 38 ••
. ,graph/cairiflr8^.»«.»,*.^^)«,«.^»-,w.-.^^»w»,fi,«. ;».'«.—."IS^IS*.24
Iron and steel-^ 3, Sf f, 8* 10, 13^15^ 19, 22, 2$, 32, 33
x!
Television and radio ^»»._».«^»,.—«.x 4, 8, . t0' -ft; **4.
Coal.—-.,.. --- ^-'»_^2-— -u-.w :%,8» 13-15,' 22, 24, 35 - *
'• Cocoa. ,..,»,.__w__^ —,—<-,-,„,__..__ 23, -29
Textiles and products-. 3,5,-'6jfa 13-15,19,22, 38-40
Labor advertising t'rtdex, disputes, turnover.,16
- CoBfee.--.--. __ -._-.i.H— i--*.-.'__'*.»--- j * - 23*20-.
.
23, 33
-12
Tires -and i
. « _ . . « _
, 12,37
Coke^,^_. ----- .'^H—'i^___.^H.«:^-™'II 2% 35 " - Labor fdrce«..~;i,______-~ —-____^.— ^.i,.__-«.w
•' LisBnb and'mutton,....-^,,.____.-.H'i.-ii___H-H .-28
Communications.. H-i:^.^— .^H-.:, 2, 1,3-15, 20, 84
Tobacco and manufactures^,.. 4r*8» iQ, 13-15, 22,30
28
Tractors-. -.»»;-,«-.'-.-,*_« — ^^^^^^^^^.^^^___!'„ 22,34
Confectionery, sales- -«-.-.—^— _.._„_-',. ' ' 29
.
_>»_
, .___. _ _ _ _ _ _ _ 3 3
Construction: - . - • ' • . - - " ( . '/• •. / -'•; ,
Trside (retail and wholesale). >^—_.,_^«. 4, 5,
'-;LeaiKher and -products-^..____,-^3, 8, 13*-i5, 30, 3i ' Transit lines* locaU*^,«^««,,,.^w_-*— '--«« .11,12
Contracts.___i...^..w,«.-6..-^___n___ -« ^ - "- -j>
' . 23Life insurance- . .^H.-.-i..;___-»_— »'»„„-_. 18, 19'
/ Costsw— _«,^,-«-.^H*-^«^^i__^.n'' 9,10''
Transportation.., ^.U-...^.^.; 1, 2, 7, 13-15 23, 24
Linaeedoil ------- :— ,~~»-.^™-^..,...,^*_».30 .
Transporta
,. ; Employment, hours, earnings, iroges*-.,-^ 1'3~16-'
19,40
Livestock^. ----- :..^r'..n»M,^u..i.-i, 3, 7, 8, 24, 28 ' • Travel--:
,
"
23,24
Loans, re a! estate, agricultural, bank, brokers*
. , Highways and roads. ____ . » » «___.»-«
,
'
......«»»...^(..40
(see also Consumer credit)-,____»„fa. - 10, 16, 1 7, 20 - Trucks. (industrial and other)
' , , Housing Starfcs«.i^.« ,'-«-<„ „-'-«-.___Hi.__>«___; • -"0 :
34,;40
-^«,»-,»-,.---,^^_..._.^^«^, t - Hew construction out in'place/—^ j,___•___n * ,9"
Lumper and products,,,,.___:».- * „- 3, 8, 10-15, 19, 3 1
Consumer credit- ««n__'.____-J.«»...'«(.n.-.__-17, 18
-16 '•
' Consumer expen<fituwb A ««HH__« ____k __ ZII!I ' , -: . • 1 •
Consumer goods output, index -„,*__,.,. JL«I , • 3. 4 '
'18 Machine
tools
_
~
---^4.™».'H.-n-.n.*.34'
'
Consumer price index-, ^-..^ «.-,,.— ^^ -^ •*' . *f
2-4,9,
Sfac^inery.
^.4._r.... 3, 5, 6, 8, 13-15, 19, ^'84
8-2t-,' 26;
CORIW..™*.^™'- — w*-^— .'-..-^-.H.j' 23,- 33- .
Mai! order houses, iMtf«ii«nn— *--___--__w-'. -'. .11'
Cdm—n-H-^.,..^-,-.___^.n -... ,~,___.. , 27
- Vacuum cleaners^^^...^,,.^^^..^...^.,^^ v - 34
Manmadefibersand manufactures-__^__._.. 8*39
Cost of living (see Consumer price indent) -'-->„-•
7
'Variety stores^. ^wW.-U,w~~.~™~,,_____* Il>t2','
Manufacturers* sales (or shipments), invento* :
Cotton* raw and ma«ufaetaires.«.w-_ 7» 8, 22, 38i 39
• .Vegetable oils—-*^^--^.^^-— —*.*_„ ^ : 30
' ri'es", orders ~<,-~.*- r .___,*i'.^,____-H.H— .^-' ' 4-6
Cottonseed icake and meal and oiU^^.« ^
3r0
"Vegetables
and^friptoi.^^^i j.l^.Ai'.-l-.'.L'i.. 7» 8, 22 Manufacturing employment, production workCredit, short - and intermediate-term ____ ^ 17, 18
ers, payrolls, hours, earnings.^-.,-.!.:___•___' ,13-^15 ' Vessels cleared' in, foreign •tetde^-i.-'.lJ^i..^- •: '. 24'
Ctt»«...w-'«^^v.n-i^--«.^-' ---- '3,- 7* 27* 28, 30,38',.
Veterans*
benefitsi.^-^^.^^^,.™^^^^^^^^
16, 18'-'
Manufacturing production '&4«wt...-».n.« 3,4
Crude, oil and natural gas— .»..^..*,.^., ,4, 13-15,/35- '•
Margarine_-____, ______ _ ___ , ___ ___,-H^.n -1* __ '
29
Currency In circulation. .n-'H-**.__„_„•__H.^.. " '1,9.
• Meat animals arid •meats^.^^_____H-, 3, ; 7,8, 22, 28 . : - Wages an , . . .
2, 3»' 14-16
Medical and 'personal-'care.^^^* '- '!« fc •
7
Washers' and driers' -«.
.-.',> . ' '34'
Dairy products-,__*,.*.».-.«__H-I.. .» • ' 3, 7 27'
Metals — n—— .;:..— 3-6, 8, 13-15, 19, 22, 23, 32-34
• 'Water heaters— -—^_«'
--.^ ' -^34 -' '
DdWti^-baiA:..,^.,.-.-..^**— ^..n..nl"' 16
Waterway traffic-^-___ta^
Mflife-,^ ----- ,___,...._..^.n^ _____ .,.- ,___. ' 27
»^* • '24
Debt, U*S. 0oyerriment_^_«.._»^.. _ - .- - 'is Mining and minerals. . . •. *^J.i 2-4, 8, 13-15, 19, 20 • .Wheat 'and wheat flouf-l
'
— , ' ' 28' .Department stores^ «.„„>— n ---- :_____„ 11,12,17 >
Monetary stati8tic8_^^_,.,_^«,^._,_____' , - 19
'Wholesale-price inde^es».»*w__« ___ ,„, __ - "
8
Money supply- «.i_^'___*.^^-,.J:___:M-_____; - 19 . Wholesale twde*— .^.ii.^^.'i*J.--. 4, 5,7,J3~1$
Mortgage applications, loans, rates__ _,„„ 10, 16, 1 7 • Woq4'l»irp™.-.™.-.— .--J-___;.-.,-:»___, ' 36 '
'26 ' • Mo^tor'carriers^.--^^.^^-^.^,^.,.____;___, '23*24
, < ,.,^
. - .*......«.-w
Wool and wool manufactures^---.-^— . 7, 8, 23, 39
W f cand
Dividend payments;
rates,
yields.-^ J"2»3» 1
Motor vehicles— — 1, 3-6, 8^ 10, 11, 13-15, 19, 22, 40
Drug stores, ipletn^u...--- — ---*H____^. 11, 12 Motors and generators___;.. _____ .,;_;____,-___«>,'
34
2Snc. — ^r —:™.^_^-.^r^...,.._.... 33» 34




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