Full text of Survey of Current Business : September 1961
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SEPTEMBER 1961
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
SEPTEMBER
1961
VOL. 41, NO. 9
U.S. Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economics
M. Joseph Meehan
Director
Contents
THE BUSINESS SITUATION
PAGE
Introduction: Expansion Continues
1
Expansion in Incomes
Capital Investment to Rise
3
4
THE BALANCE OF INTERNATIONAL PAYMENTS
In the Second Quarter.
Government Grants and Capita! Transactions
SPECIAL ARTICLES
New Light 011 Patterns of Output G r o w t h . . . . . . . . . . . . . . . . . . .
Relation of Growth Products to Business Cycles
Impact of New Products oil Established Lines. . . « . . « . . , .
Foreign Capital Outlays and Sales of U.S. Companies
Expansion of Manufacturing at. Peak Rate—Sales Continue Steady Rise
Sources of Financing of Foreign Investment
..
Manufacturing Production Abroad by U.S. Companies
NEW OR REVISED STATISTICAL SERIES
Inventory-Sales Ratios of Manufacturing and Trade Firms..
MONTHLY BUSINESS STATISTICS
General
Industry
Subject Index.
Louis J. Paradise
Managing Director
Murray F. Foss
Editor
7
|
9
;
13
16
17
18
20
23
24
S1-S24
S24-S40
Inside Back Cover
K. Celeste Stoke
Statistics Editor
Billy Jo Dawkins
Graphics
STAFF CONTRIBUTORS
TO THIS ISSUE
Business Review and Features:
L. J. Atkinson
Robert E. Graham, Jr.
Genevieve B. Wimsatt
Marie P. Hertzherg
Balance of International Payments:
Walther Lederer
Articles:
Francis L. Hirt
Frederick Cutler
Christopher Doiity
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By the Office of Business Economics
"DL
JL HE business advance was extended
in the late summer with private investment and government outlays providing
the main stimulus to the rise. Consumer purchasing of goods has held up
well, but is not yet a strong expansionary force. With the continued increase
in expenditures for services, the movement of total consumer outlays is up.
Consumer use of installment borrowing
to supplement current incomes is continuing on a comparatively modest
scale, reflecting a cautious buying
attitude with respect to major durable
items.
Investment turning up
A significant aspect of very recent
developments is the advance in plant
and equipment investment now
scheduled for the current half year.
These expenditures reached a low in the
second quarter of 1961, and it is now
anticipated by businessmen that this
important sector will experience a
moderate rise in the third quarter and
again in the fourth. This improvement
has been reflected in the rising trend of
new machinery orders and production
in recent months.
Manufacturers' inventories rose in
July after leveling out in the second
quarter. The increase in manufacturers' stocks, the first in about a year,
was accompanied by some rise in trade
inventories. The turnaround in business inventory policy is a factor in the
rising trend of industrial output.
Private housing expenditures increased again in August. The trend of
housing starts so far this year has been
moderately upward, with the JuneJuly figures somewhat above a year
ago. Applications for FHA-insured new
housing units have been moving ahead
in the past few months after a long and
deep decline. Total public outlays for
new construction were also higher in
August.
The rise in investment occurs at a
time when the liquidity position of
business is generally quite favorable.
The sharp rebound in output has
brought a considerable improvement
in profits from the depressed rates of
the first quarter, and the availability
of corporate funds has been augmented
by the continued rise in depreciation
allowances stemming from the enlarged
capital stock subject to depreciation.
national service life insurance dividends ($2.6 billion at annual rate).
Compared with the July income exclusive of this extra payment, August
income was up a little, but the slight
rise contrasts with large month-tomonth increases subsequent to February of this year. Recent changes
are reviewed in a following section.
Expansion in production
INVESTMENT UPTURN
The continued rise in industrial
production in August encompassed a
wide variety of consumer goods, business equipment, and industrial materials. The Federal Reserve seasonally adjusted production index last
month was about 2 percent above its
previous high reached in January 1960,
with most industries participating in
the upward movement which began
more than 6 months ago. In early
September production advances were
registered by the steel, paperboard,
and electric power industries.
In the automobile industry, production has also been rising after the
summer cutback as most plants began
turning out the new 1962 models in
large volume, a changeover some several weeks earlier than in other recent
years. Producers of home appliances
and radio and television receivers
have stepped up production rates
quite sharply in recent months, though
sales of these goods at retail stores
have shown only a modest improvement.
PLANT AND EQUIPMENT OUTLAYS
Business Expects Mild Second Half Pickup
Billion $ (Annual R a t e )
40
20
HOUSING STARTS Moving Higher
Thousand Units (Annual Rate)
2,000
Private Nonfarm
1,500
July
~
1,000
500
1
L
VU—
I
I
I
I
I
Manufacturers Rebuild STOCKS
In Third Quarter
Billion $ Changes
r-
(July - Quarterly Rate)
n , n
11
Income and employment
Personal income in August at an
annual rate of $419% billion was off
somewhat from July, but this was
the result of the fact that the July
figures included a special payment of
Anticipated .
!
-1
1
1
2
t
3
I
4
1
1
j ,
I
2
1^
3
4
1
2
3
4
1959
1960
1961
Quarterly, Seasonally Adjusted
Data: SEC-OBE 8 Census
U.S. Department of Commerce, Office of Business Economics
6l~9~l
SURVEY OF CURRENT BUSINESS
Nonagricultural employment and
payrolls were a little higher in August
on a seasonally adjusted basis, following the sharp rise in spring and early
summer. There was some further expansion in most durable goods industries, with transportation equipment a
principal exception by reason of the
model changeover. Nondurable goods
employment has changed little in the
past 2 months after substantial advances in earlier months. Government, retail trade, and finance also
reported increased employment in August; declines occurred in mining and
service establishments. The workweek
remained near the high rate of recent
months on a seasonally adjusted basis.
ratio of consumer expenditures to
disposable income has been well within
this range of fluctuation.
Services have been claiming a larger
share of consumer income since the
early postwar period, when they were
abnormally low. At the present time
September 196:
the services ratio is slightly higher thai
in 1929. Since 1954 alone the ratic
has risen from about one-third to almost 40 percent of disposable personal
income, with an approximately equivalent decline in the percentage of income spent for goods.
• Personal Income Has Recovered Sharply Since Early 1961
• Retail Sales Have Risen Much Less
• Installment Credit Extended Has Lagged Along With Durable
Goods Sales
Billion $
(ratio scale)
600
\
Personal Income
400
Retail sales little changed
Retail sales in August, after seasonal
adjustment, were little changed from
July. Nondurable goods sales were up
somewhat, but durable goods were
down. This is the second month of
relative stability in aggregate purchasing in retail stores. The indication is
that thus far in the third quarter, retail
sales have been at about the same rate
as in the second and even with a year
ago, after seasonal allowances.
As shown in the accompanying chart,
retail sales have not kept pace with the
marked rise in personal income since
the early months of the year. In fact,
retail sales have not shown much
growth for nearly 2 years, primarily in
reflection of the demand for durable
goods. The ratio of retail sales to
personal income has shown an irregular
but generally declining tendency in the
past several years—from more than 58
percent in 1954 to 54% percent last
year and 52 percent this summer.
Only a very small part of this decreased
ratio is explained by a relative rise in
the personal income tax take.
Fundamentally the change reflects a
more rapid rate of increase in service
expenditures than in purchases of
goods at retail stores. Total consumer expenditures for both goods and
services have shown only small variations relative to income in the past
several years; in recent quarters the
i
200
Retail Sales
100
80
60
Consumer Installment
Credit Extended
\
— •
40
^1
I
I
I
Downward Drift in Sales-Income Ratio
Mirrors This Cautious Buying in Big Ticket Items
RATIO OF SALES TO INCOME
%
60
50
Nondurable Goods
v ..
40
30
Durable Goods
\
20
I
10
1954
I
1956
I
1958
I . M l . l . M . l l . . . . . I . . . . . 1 . . . Ml
1960
Annual
U. S. Department of Commerce, Office of Business Economics
I . . M . I . . I 1 . 1 -
1959
1960
1961
1962
Monthly
Seasonally Adjusted, at Annual Rates
61-9-2
SURVEY OF CURRENT BUSINESS
September 1961
Expansion in Incomes
BEGINNING in March and continuing through midyear, total income rose
substantially from month to month
in terms of both current dollars and
real purchasing power. In July, the
advance continued, with a boost from
the special dividend paid to holders
of Government life insurance more
than offsetting a tapering in the rate
of increase in income from production.
In August, the advance in earned
income slowed again, and overall income
fell off with the completion of the
special disbursements.
At a seasonally adjusted annual
rate of $419% billion, individuals'
incomes in August were $16 billion,
or 4 percent above the February low,
and $13 billion, or 3 percent, higher
than their prerecession peak in October
of last year. The bulk of this advance
occurred by June, with the subsequent
rise limited to a net of $2 billion.
Improvement has been widespread,
with most major income flows showing
good gains over both the October and
February levels. Wage and salary disbursements, at a $283 billion annual
rate in August, were $13 billion above
February and $10 billion more than
in October. As evident from the
accompanying chart, the swing in
payrolls over this period was confined
largely to commodity-producing and
distributive industries.
In conformity with past experience,
the current cyclical recovery in personnel incomes has centered in payrolls,
with employment, hours, and earnings
all moving ahead. A little less than
half the February-August payroll advance occurred in manufacturing.
Total manufacturing payrolls in August,
at an annual rate of $89 billion, equaled
their previous peak of January 1960.
Construction, trade, and the service
and finance industries have responded
to the general economic recovery, with
payroll increases in each ranging between
$}% billion to $2 billion. Wages and
salaries of government employees have
risen $1% billion, with State and local
governments accounting for the bulk of
the increase.
As is usual in cyclical changes,
personal income was much better main-
Changes in Income and Output
(Billions of dollars at seasonally adjusted annual rates)
tained than was total GNP—a factor
limiting the fall in consumer demand,
and hence in restricting the overall
business decline. While total national
output fell $6 billion from the second
quarter of 1960 to the first of 1961,
personal income from production declined only $1)2 billion and all individual
incomes rose $1/4 billion. Conversely,
with national output up $15% billion in
the second quarter of 1961, personal
income rose one-half as much. These
differential movements, shown in the
table, are traceable in the main to the
behavior of government transfer payments and to the stability of corporate
dividends in the face of sharp reductions
and subsequent advances in corporate
profits.
Government payments expand
Unemployment insurance benefits are
designed to move counter to swings in
output. In the recent decline, the bulk
of the increase came as industrial output
weakened in mid-1960. With the general decline in employment and payrolls in November, unemployment benefits showed a sharp increase and
thereafter leveled off as the effect of
Quarters of 1960 and 1961
II to
III
III to
IV
Changes in —
Gross national product --_
Personal income.-
-.6
2.0
.3
1.3
-.9
-1.8
1.3
1.4
.9
-1.8
-1.2
-2.9
5.5
.1
.2
-.1
Production ._
T ransf or pay men ts _ . _
Corporate profits
Dividends.- .- .. -
3rd qtr. 19604th qtr. 1960
4th qtr. I960 —
1st qtr. 1961
I Total Wages and Salaries
I Commodity Production
' and Distribution
I All Other
4-
-2
_4
Quarterly Totals, Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics
8.5
7.8
0
further employment declines was offset
by the exhaustion of benefit rights.
The sharp increases in April and May
(to an annual rate of $5 billion) resulted
from legislation designed to expand
incomes and alleviate distress by extending unemployment benefits. By
August, payments had again fallen to
about the first quarter average.
Two additional measures were taken
by the Federal Government to speed
recovery by bolstering consumer purchasing power. In March, holders of
national service life insurance policies
received advance payments of dividends
originally scheduled for disbursement
throughout the remainder of 1961.
Billion $
6-
-3.7
Personal income from —
RECENT CYCLICAL SWINGS IN PAYROLLS
2nd qtr. 1960h 3rd qtr. 1960
15.3
-1.3
Confined to Commodity Production and Distribution
8
IV to I I to II
SURVEY OF CURRENT BUSINESS
These amounted to $1.8 billion at
annual rates. In July, a special dividend ($2.6 billion at annual rates) was
paid to holders of Government life
insurance policies.
Retirement benefits under the oldage and survivors' program, which had
been growing at the rate of $1.5 billion
annually, showed an unusually large
increase of $1.2 billion in the Februaryto-August period. In addition to the
continued growth in population of
retirement age, payments were raised
by liberalization of retirement privileges and the upward adjustment of
benefit rates.
Dividends stable
Another factor in the stabilization of
the personal income flow was the
maintenance of dividend disbursements,
with the quarterly changes in total
output shown in the accompanying
tabulation being absorbed by the sharp
fall and subsequent recovery in corporate taxes and undistributed profits.
Despite the wide swings in profits since
early 1960, dividend disbursements
have held roughly constant at an annual rate of approximately $14 billion—
Changes in Personal Income
[Billion dollars, seasonally adjusted at annual rates]
1960
>>
05
e
3
A
B
C
D
E
F
G
03
1
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1961
>
0
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as
%
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03
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>>
tic
3
13
H-s
^
o>
s
3
395.4 403.6 406.4 406.0 404.0 403.6 403.1 407.3 409.8 413.2 417.3 421.2 419.3 A
Personal income
268.2 272.8 272.9 271.5 269.6 269.6 269.5 271.1 274.6 277.2 280.7 282.3 282.8 B
Wage and salary disbursements
Commodity-producing industries _ . _111.9 112.2
Manufacturing only
89.0 88.9
70.1 72.2
Distributive industries
39 5 40.5
46.7 47.9
Government
109.5
86.3
72.4
41.4
49.6
108.3
85.4
72.0
41.5
49.7
106.2
84.0
71.8
41.7
49.8
106.2
83.8
71.8
41.6
50.0
105.6
83.5
71.8
41.7
50.4
106.5 109.1
84.1 86.1
71.8 72.3
42.1 42.3
50.7 51.0
110.5
87.6
72.9
42.5
51.3
112.7
88.9
73.5
42.9
51.6
113.2
89.3
74.0
43.3
51.8
113. 1
89.2
74.2
43.6
52.0
C
D
E
F
G
11.1 11.1 H
H
Other labor income
10.7 10.8
I
Proprietors' income
46.9 48.8 48.9 49.2 48.9 48.9 48.7 49.0 49.0 49.1 49.5 49.5 49.5 I
J
K
L
11.1 11.2 11.3
11.0
10.7 10.6 10.7 10.8
11.0
_ 35.8 36.4 36.4 36.4 36.0 36.0 35.8 36.0 36.1 36.3 36.4 36.6 36.6 J
11.1 12.4 12.5 12.8 12.8 12.8 12.9 13.0 12.9 12.9 13.0 12.9 12.9 K
Business and professional.
Farm
11.7 11.7
11.7
11.6
11.6
11.5
11.4
11.5
11.5
11.5
Rental income of persons
11.7
M
Dividends..
14.1 14.0 14.4 14.4 14.1 14.2 14.2 14.2 14.2 14.2 14.3
N
Personal interest income
O
Transfer payments _
P
Q
R
S
11.5 L
11.5
14.3 14.3 M
_ 25.1 26.1 26.6 26.7 26.7 26.8 26.8 26.8 26.8 27.0 27.1 27.2 27.4 N
27.9 28.5 30.2 30.7 31.0 31.1 31.1 33.7 32.5 33.0 33.0 35.2 32.4 0
Old-age and survivors' insurance 10.6 11.2 11.4 11.3 11.5 11.6 11.7 12.0 12.4 12.5 12.5 12.7 12.5 P
benefits.
Unemployment insurance benefits. - 2.7 2.6 3.8 4.3 4.3 4.1 4.2 4.3 4.6 5.1 4.7 4.3 4.2 Q
All other
- 14.6 14.8 15.0 15.1 15.2 15.4 15.2 17.3 15.4 15.5 15.7 18.1 15.6 R
Less: Personal contributions for
social insurance.
9.2
9.3
9.3
9.3
a volume made possible in the short
run by the fact that a substantial portion of profits had been retained by
corporations and used for internal
(Continued on page 24)
Capital Investment To Rise
REALIZATION of businessmen's fixed
investment programs for 1961, as reported in the OBE-SEC survey conducted in July-August, would place the
end of the 1960-61 decline in plant
and equipment outlays in the second
quarter, when expenditures were reduced to $33 K billion at a seasonally
adjusted annual rate. From that figure
expenditures are expected to rise to
$34.8 billion and $35.9 billion, respectively, in the last two quarters of this
year—the fourth-quarter anticipation
is 7 percent above the second quarter.
If realized, 1961 would be 3 percent
below 1960 outlays, with all major
industries lower except public utilities.
The investment programs for the
final half of 1961 are above those
reported in the preceding quarterly
survey. Expenditures in the first half
year were less than projected; thus the
September 1961
billion expenditure now anticipated for the full year 1961 is virtually
unchanged from that indicated in the
March and June surveys.
Upturn in second half
Projected capital spending for the
second half of this year as set forth in
the anticipations would exceed the
first-half actuals in all major industrial
sectors, except railroads. Generally,
outlays are scheduled to rise in the
third quarter and to advance further
in the fourth. As now planned, the
rise would be moderate, with the
largest rates of increase—ranging from
8 to 13 percent—from the first-half lows
to the fourth quarter occurring among
nondurable goods producers, commercial firms, and public utilities.
As can be seen in the chart, the
industry groups which contributed most
9.2
9.6
9.4
9.6
9.6
9.7
9.8
9.8
9.8 S
to the 1960-61 decline are those showing
relatively less strength in the current
recovery in investment. Durable goods
manufacturers accounted for nearly half
of the earlier decline of $2.8 billion, but
less than one-tenth of the currently
projected rise. Conversely, industries
with small cutbacks during the recession
INVESTMENT IN SECOND HALF 1961
Most Major Industries Program Upturn
Index, 2nd Qtr. 1960= 100
120
/Nondurable Goods Mfg.
Public Utilities
Commercial & Other
100
Total Business
/Nonrail Transportation
" Durable Goods Mfg.
80
60
Railroads
40
I
2nd Qtr.
1961
4th Qtr
1961
(Anticipated)
U.S.
Department of Commerce, Office of Business Economics
Data:
SEC S Q B E
61-9-4
September 1961
SURVEY OF CURRENT BUSINESS
Change in Plant and Equipment
diverse patterns in timing and magni- Percentage
Expenditures From 1960 To 1961
tude of changes (see chart).
[Billions of dollars]
The sharpest decline, nearly 40 perManufacturing investment
19611 Percent
1960
cent, is reported by the railroads—a
change
Total investment by manufacturers mature industry facing particularly
.
. __
14.48
13.80
—5
in productive facilities in 1961 is now complex problems of sagging revenues, Manufacturing
-13
Durable goods industries
7.18
6.28
7.52
3
Nondurable goods industries. _ 7.30
increasing
competition,
and
heavy
debt
expected to be $13.8 billion, or 5 per.99
.99
0
Mining
service.
Planned
capital
outlays
are
cent, under 1960. Nondurable goods
1.03
.63
-38
Railroads
- - .. _ _ _
1.94
1.88
—3
Transportation, other than rail
expected
to
drop
throughout
the
year,
industries have scheduled a 3-percent
1
5.75
5.68
Public utilities
11.52
0
11.57
rise in expenditures, while durable goods with the sharpest decreases in expendi- Commercial and other
-3
35.68 34.56
Total
producers' programs show a one-eighth tures for equipment. Nonrail transportation
firms
plan
outlays
in
1961
decline.
1. Anticipated by business in late July and August 1961.
Sales of durable goods have moved up of $1.9 billion—close to the 1960
smartly from their late winter low and investment.
For electric and gas utilities the about one-tenth under the 1957 peak
backlogs of orders on hard goods proyear's
total investment will probably which capped a decade of spectacular
ducers books have expanded, but plans
continue
the 1959-60 plateau at a rate rise. For electric utilities, expendifor 1961 fixed investment have been
revised downward somewhat. In the GROSS NATIONAL PRODUCT AND
March survey, expenditures for new
PLANT AND EQUIPMENT EXPENDITURES IN RECESSION PERIODS
plant and equipment by these firms
were expected to be $6.7 billion in 1961;
in the current survey the estimate has
(ratio scale)
Billion $
Billion $
dropped to $6.3 billion. Within the
600
60
year 1961, most durable goods indusGross National Product
tries expect no further decline in invest(left scale)
ment rates between the second and
500
50
fourth quarters.
The fourth-quarter 1961 investment
in new facilities by nondurable goods
Plant and Equipment Outlays
manufacturers will approximate the
40
400
(right scale)
previous high of late 1957. If realized,
these programs will represent an 8•
percent advance from the low in the
first quarter of this year. Actual outlays by the group in the first half were
300
30
higher than anticipated 6 months ago,
I
| I I I I 1
f
t
I I r
and plans for the second 6 months have
1957
1958
1959
I960
1961
1962
also been adjusted upward.
Larger expenditures in 1961 than in
1960 are now forecast by the food, 350
450
35
45
Gross National Product
chemical, and petroleum industries. In
(left scale)
400
Gross National Product
40
the two latter groups, planned fourth300
(left scale)
30
quarter spending will be higher than the
1960 peaks. While the paper, textile,
350
35
and rubber industries are still projectPlant and Equipment
25
Outlays
ing lower expenditures this year than 250
Plant and Equipment
(right scale)
300
30
last, they have revised their estimates
,
Outlays
fl
upward from earlier reports.
%
(right scale)
•
are accounting for major portions of the
increase.
Nonmanufacturing programs
Firms engaged in nonnumufacturirig
activities will account for three-fifths—
or about $21 billion—of total fixed investment by business in 1961. As now
projected, the total will be off $0.5
billion, or 2 percent, from 1960,
although within the group, investment
developments have followed widely
200
50 I
20
i
i
i
1948
i
I J i i
l
1949
1950
l
;
I | 5
25
250
20
200
1953
1954
1955
Quarterly Totals, Seasonally Adjusted, at Annual Rates
0
Anticipatea
U. S. Department of Commerce, Office of Business Economics
Data : SEC 8 QBE
61 - 9 - 5
SURVEY OF CURRENT BUSINESS
6
tures will rise steadily from the firstquarter low to a rate some 8 percent
higher in the final quarter. For gas
utilities, the rise during this year is
scheduled to be about 3 percent.
Communication and commercial firms
plan to maintain capital spending in
1961 at close to the record 1960 rate.
Investment by the commercial sector
has been programed at a record rate
for the second half of 1961.
Investment decline in 1961 mild
If a rise in capital spending by American business should occur in the second
half—as now seems indicated—the
1960-61 decline was the mildest in the
postwar period; this decline, however,
came after such investment had failed
in a cyclical recovery to chalk up a
new high.
The trough in capital spending will
apparently lag the low in total output
of goods and services by one-quarter—•
the average lag in the postwar period.
Also the dip in expenditures for new
plant and equipment showed about the
same relative contribution to the decline in GNP as in previous recessions.
September 1061
Of interest is the relative position
of capital outlays to GNP in the 196061 period. (See chart.) While total
output in the second quarter of 1960
had risen one-tenth, in current dollars,
from the 1957 peak, plant and equipment expenditures were 4 percent short
of the 1957 records. The projected
upturn in capital outlays in the second
half of 1961 would be quite moderate,
but this is normally a lagging cyclical
sector. It is now being stimulated by
the turnaround in profits and the
sharp advance in demand for corporate
products.
Table 1.—Expenditures on New Plant and Equipment by U.S. Business,1 1959-61
[Billions of dollars]
Annual
Vnadjusted
1960
1 959
1960
1961 2
Seasonally adjusted at annual rates
1961
1961
1960
Jan.- Apr.- July- Oct.- . an.- Apr.- July- Oct.- Jan.- Apr.Mar. June Sept. Dec. Mar. i June Scpt,2 Dcc.2 Mar. June
JulySept.
Oct.Dec.
Jan.Mar.
Apr.- July- ! Oct.June Sept. 2 ; Dec.2
13.80
3.09
3.76
3.62
4.01
3.00
3.46
3.44
3.80
14.10
14.70
14.65
14.40
13.75
13.50
13.75
14.20
Durable goods industries
Primary iron and steel
Primary nonferrous metals
Electrical machinery and equipment
Machinery except electrical
Motor vehicles and parts
Transportation equipment, excluding motor
vehicles
Stone clay and glass
Other dur-ible goods 3
5.77
1.04
.31
. 52
91
.64
7.18
1. 60
.31
.68
1 10
.89
6.28
1.16
.26
.68
1 10
.78
1.55
.33
.07
.12
25
.17
1.88
.42
.08
.16
.28
.23
1.80
.42
.07
.17
26
.25
1.95
.43
.09
.23
.30
.23
1.41
.28
.07
.15
.25
.15
1.58
.28
.07
.17
.28
.20
1.54
.30
.07
.16
.26
.21
1.75
. 30
.06
.20
.32
.21
7.15
1.60
.30
.60
1. 15
.80
7.40
1.60
.30
.65
1.15
.90
7.35
1.75
.30
.70
1.05
.95
6.85
1.45
.30
.75
1. 05
.90
6.50
1.35
.30
.70
1.15
.70
6.20
1.05
.25
.70
1.10
.80
6.15
1.15
.25
.65
1.05
.80
6.35
1. 10
.25
.65
1.10
.80
39
.53
1.44
42
.62
1. 56
39
.49
1.42
.10
.14
.36
.10
.17
.43
.10
.15
.37
. 11
.16
. 40
.09
.11
.30
.10
. 12
.36
.09
.12
.33
.11
.14
.42
.45
.40
.40
.40
.40
.40
.35
.40
Nondurable goods industries
Food and beverage
Textile
Paper
Chemicals
Petroleum and coal
Rubber
Other nondurable goods 4
6.2B
.83
41
. 63
1.23
2.49
19
51
7.30
.92
53
1.54
.21
.12
.16
.33
.53
.05
.15
1.88
.25
. 13
.18
.40
.69
.06
.17
1.81
.23
. 14
.20
.40
.63
.06
.16
2.06
.23
.14
.21
.46
.78
. 06
.18
1 59
23
12
16
33
56
.05
.14
1.88
.25
.12
.17
.42
.70
.05
.17
1.90
.25
.12
.19
.42
.70
.06
.16
2.15
.26
.15
.19
.47
.82
.06
.20
6.95
.90
.50
.70
1.45
2.55
7.30
.90
.50
.75
1.60
2.70
7.30
.95
.60
.80
1. 65
2. 50
7.55
.90
.55
.75
1. 65
2.80
7.25
.95
.50
75
1.50
2.70
7.30
.90
.45
.70
1.65
2.75
7. 65
1.00
.50
.75
1.70
2.80
7. 85
L60
2.64
.23
.64
7.52
.98
51
.72
1.65
2.78
.22
.66
99
99
99
.22
.27
.25
.24
.21
.26
.24
.28
1.00
1.05
1.00
.90
.95
1.00
.95
1.05
92
1 03
63
.25
.29
.24
.25
.17
.18
. 15
.13
1.00
1 10
1.00
1.00
70
70
60
.50
Transportation, other than rail
2.02
1.94
1.88
.47
.55
.47
.46
.41
.48
.53
.47
2.00
2.15
1.90
1.80
1.75
1.80
2.05
1.90
Public utilities
5. 67
5.68
5.75
1.18
1.42
1.50
1.58
1. 09
1.39
1.59
1.68
5.75
5.70
5.60
5.70
5.35
5.50
5.95
6.05
Communications
2.67
3. 13
.80
.77
.85
2.69
2.85
2.85
8. 44
1 1.98 2.19
3.12
11.35
11.60
11.75
11.65
11.30
11.50
12.20
2.13
2.14
11.05
8.21
9.28
8.98
9.53
7.57
8.61
8.80
9.58
35. 15
36. 30
35.90
35.50
33.85
33. 50
34.80
35. 90
Manufacturing industries
Kiilroads
Commercial and other
5
Total
12.07 14.48
32. 54 35. 68
ill. 52
34. 56
7.8;)
* includes laoncatea metal products, mm
ordnance,
and miscellaneous manufactures.
4
Includes apparel and related products, tobacco, leather and leather products, and p
and publishing.
1.05
.55
.70
1.70
2.85
The Balance of International Payments in the Second Quarter
Special Receipts More Than Offset Higher
Net Payments on Usual Transactions
G<'''OLD
and convertible currencies
held by U.S. monetary authorities increased during the second quarter by
about $330 million. Liquid liabilities
also rose during that period, but not
quite enough to offset the gain in monetary assets. As a result, the liquidity
position of the United States—measured in this way—improved by about
$90 million. This compares with a
deterioration of $330 million in the first
quarter.
The shift from the first to the second
quarter was strongly influenced by large
nonrepetitive transactions and special
short-term developments, the most important of which were the receipts by
the U.S. Government of about $650
million from the repayments by foreign
governments of postwar assistance
loans. Of that total, $587 million was
paid by Germany and close to $40 million by the Netherlands in advance of
the previously arranged repayment
schedule, and $20 million was paid by
the Philippines as a result of a recently
arranged debt settlement agreement.
In addition, about $75 million was received as principal repayment and interest, which was due in the following
quarter.
One of the major special factors exerting a contrary or unfavorable influence
on the second-quarter balance of payments was postponement of shipments
of cotton until the higher subsidy payments came into effect with the beginning of the new crop year in August. The
total decline in cotton exports, seasonally adjusted, from the first to the second
quarter exceeded $100 million; some
part of this may represent postponed
shipments.
The shipping strike during the second
half of June may also be mentioned as
first quarter of the year. In the years
1958, 1959, and 1960, our international
liquidity position declined by $3.5 to
$3.9 billion per year. The very large
Earlier improvement partly reversed
improvement in our balance in the first
Without the loan repayments and the quarter did not continue, therefore,
earlier receipts of amortization and and to some extent was reversed.
The underlying economic conditions
interest due in the third quarter, the
both
here and abroad may not have
U.S. balance of payments would have
been
quite
so favorable for the balance
shown a reduction in our net liquidity
of
payments
as was the case earlier this
position by about $635 million, which
year.
Business
in the United States
when adjusted for seasonal factors
started
to
move
up during the second
represents a decline by about $475
quarter
and
continued
to expand in the
million, or at an annual rate of $1.9
third.
Abroad,
particularly
in the more
billion. This compares with a decline
advanced
countries,
production
and
by $1.4 billion (revised) during the
a special development, although it is
not possible at this time to evaluate its
net effect.
BALANCE ON U.S. INTERNATIONAL TRANSACTIONS^/
Billion $
Special Transactions
Total, Excluding
Special Transactions
Receipts
Payments
1959
1960
1961
Quarterly Totals, Seasonally Adjusted
— Measured by changes in gold and convertible currencies Held by U.S. monetary authorities and changes
In U.S. liquid liabilities.
U. S. Department of Commerce, Office of Business Economics
61-9-6
T
8
demand were still rising, though in
some instances productive capacities
were more ample relative to demand,
and delivery periods for durable equipment did not continue to lengthen.
Inventory accumulations lessened as
orders could be filled more promptly.
The upward valuation of the currencies
of Germany and the Netherlands can
be potentially helpful to the competitive position of the United States,
but the effects of these changes are not
likely to have had much influence on
the second-quarter trade.
The changes in business activity here
and abroad, therefore, may have contributed to the $260 million decline
from the first to the second quarter in
the seasonally adjusted surplus on
goods and services.
Net payments on recorded private
capital transactions dropped by about
$300 million from the first to the second quarter after seasonal adjustment,
but this was approximately offset by an
SURVEY OF CURRENT BUSINESS
September 1961
increase in net payments on unrecorded
transactions.
Recorded short-term capital transactions were more favorable for the
U.S. balance of payments as U.S. capital outflows declined substantially, and
foreign credits to U.S. commercial enterprises—-which had risen in the first
quarter to an exceptionally high amount
in comparison to similar transactions
experienced previously—continued at a
high rate during the second quarter.
A growing availability of funds in
the United States for longer term loans
and investments, together with interest
rates lower than those charged in many
foreign countries, however, contributed
to a larger outflow of capital through
medium-term bank loans and new security issues. To some extent this outflow was offset by larger purchases of
U.S. securities loy foreigners, as prices
on U.S. security exchanges rose, but
net foreign purchases declined again in
June, and were followed in July by net
sales.
The outflow of capital through direct
investments may have been somewhat
less on a seasonally adjusted basis than
in the first quarter, when it was very
high, but data are not yet complete.
Table 1.—Analysis of U.S. Balance of Payments, Seasonally Adjusted
1
[Millions of dollars]
Calendar year
1960
1961
1959
1960
29, 743
31,412
7,567
7,690
7,941
8,214
7,770
7,416
15 294
3. 109
5,134
791
3,040
14, 722
3,785
3,830
3,674
3,433
3,394
848
3,381
767
1,373
198
750
756
1.438
213
843
798
1,402
207
775
727
1,344
230
1,013
759
1,368
210
1,000
3,410
748
1,383
221
850
na
2, 155
496
482
528
649
687
562
na
2 375
1,372
926
1,226
3, 856
1,694
850
1,312
254
694
344
194
156
361
610
260
267
83
247
1,085
406
145
534
364
1,467
684
244
539
313
1,039
512
-32
559
288
804
353
347
104
U.S. receipts, recorded
25, 472
Exports:
16 282
Merchandise
7 427
Services
1,054
Repayments on U S Government loans
Foreicn capital other than liquid funds . _ . .
709
28, 131
6,914
7,069
7,041
7,107
7,444
7,961
19. 409
7 891
631
200
4, 650
1 915
168
181
4. 837
1 991
148
93
4, 927
1 927
170
17
4, 995
2 058
145
-91
5. 054
2 060
131
199
4.751
2 136
826
248
Excess of recorded receipts or payments ( — )
-4,271 -3,281
On poods, services, remittances, and pensions... — 619
3! 125
On Governmen t grants and capital
— 1 , 986 -2, 750
On private I'.S. and foreign capital (other than
liouid funds)
.. . ._.
. . . . . . _ -1.666 -3, 656
-653
442
— 582
-621
591
-695
-900
773
-1,107
—605
—868
-326
1,383
-869
545
1, 125
-24
-513
fjj r
— 1,068
-840
— 556
33
-142
-212
-327
-25
-296
-763 -1,112
-1,434
-351
249
U.S. payments, recorded
Imports:
Merchandise
Military expenditures
Other services
- ._
Remittances and pensions
Government grants and capital outflows Transactions involving no immediate
dollar outflow from the United States 2 _ _
Dollar payments to foreign countries and
inter naticnal institutions
U S private capital
Direct investments
Long-term portfolio
Short term
.
Unrecorded transactions
528
3,048
5,557
-G48
Total, net receipts (+) or payments {— ) (balanced
by changes in holdings of gold and convertible
currencies by U.S. monetary authorities and
-3,743 -3,929
changes in liquid liabilities')
Major special transactions [receipts '-{-!. p a y ments''.'—)] .
..
T o t a l , exclud.ng special t r a n s a c t i d i i s . . . . .
335
I
II
-620
-524
-4,078 -3. 405
III
1.319
I
3 4 _444
* —80
-620
IV
-1. 112
-990
II
5
-351
724
-475
. Receipts from foreign governments through extraordinary debt repayments ($649 million) and through debt service pay-
Decline in exports
Seasonally adjusted exports of nonmilitary merchandise declined from an
annual rate of $20.2 billion in the first
quarter to an annual rate of $19.
billion in the second quarter. This was
the first major interruption of an upward movement which had started
early in 1959 and continued for abou
2 years, although in the second year
the advance had become successively
slower.
Cotton accounts for more than onethird of the decline in exports.
Exports of machinery, which had
been a major expansionary force during
the last 2 years—and particularly
during the last year when they accounted for about one-third of the export rise—dropped from an annual rate
of nearly $4.5 billion in the first quarter
to about $4.2 billion in the second.
This is the equivalent of about 25 percent of the overall export decline.
Orders received from abroad are reported to have been rising until very
recently, and since in that industry
shipments generally lag behind orders
by a considerable time period, a recovery in exports may still occur.
A coTitraseasonal decline occurred
also in exports of wheat, partly due to
a reduced movement of grain financed
by the Government under foreign assistance programs.
Another major factor in the recent
export decline was the weakness in the
markets for nonagricultural raw materials and semimanufactured products.
This is not a new development but had
started earlier, and in fact was the
major factor contributing to the slowdown in the export rise over the last
year.
A major exception was exports of
steel scrap which expanded vigorously;
they doubled in value over the last
year.
Seasonally adjusted, exports to all
of the major areas declined. Among
the individual countries a major exception in this general downward move-
September 1961
SUEVEY OF CUEKENT BUSINESS
ment was Japan, which continued to
The expansion in the second quarter
increase its purchases here, although was largely in industrial materials,
they put a noticeable strain on its particularly iron and steel mill products.
foreign exchange position. In Europe, The increase in the latter by about a
exports expanded to the Netherlands third from the first quarter may reflect
and to Spain, but fell off to most other the easier supply situation abroad, as
countries.
well as a rise in domestic demand.
In Latin America, sales appear to Building materials, certain metals, and
have increased only to Argentina and textile fibers were also among the
Peru.
imports which advanced, but imports
A review of the changes in exports by of other important industrial materials,
commodity and country of destination such as iron ore and copper, because
of large inventories did not yet respond
to the rise in domestic business activity.
MERCHANDISE EXPORTS AND IMPORTS
Imports of nonfood consumer goods
As a Percent of GNP
(other than automobiles) and of maPercent
chinery changed little from the first to
the second quarter after allowance for
6.0
seasonal factors. Nonfood consumer
9
goods (other than cars) were more than
10 percent under the peak rate of over
$2 billion in the second quarter of 1960.
Imports of automobiles appeared to
have leveled out near the low rate of
the first quarter.
The changes in imports affected the
different areas and countries quite differently. Combining these countries into
major groups, it appears that imports
from the advanced industrialized countries stabilized after having declined
substantially for more than a year,
those from the economically advanced
raw material exporters, including Canada, Australia, and New Zealand, have
advanced but imports from the relatively less developed countries continued to decline.
Exports
4.0
Government Grants and Capital Transactions
I
V--V-.. .x</-v..,.
JL ABLE 1 shows an estimate of the
amount of Government grants and
capital used for the direct financing of
U.S. exports of goods and services or
for the payment of foreign financial
obligations in the United States, and
the amount transferred in dollars to
1950
52
54
56
58
60
62
other
countries or to international
Seasonally Adjusted Data
organizations.
Of the total of $3.4
U.S. Department of Commerce, Office of Business Economics
61-9-7
billion in grants and capital provided
to foreign countries by the U.S. Governdoes not give the impression that the ment in 1960, close to $2.2 billion
recent decline will be followed during represents the value of goods and services
the rest of this year by further sub- provided by the United States or paystantial contractions, but neither does ments on behalf of the recipient counit give the assurance that it is merely tries for purchases or other obligations
a temporary interruption of a con- here. The remainder, or about $1.2
tinuous and vigorous expansion.
billion, was used for expenditures abroad
or transferred to international organImports start to rise
izations. Included in the $1.2 billion
Merchandise imports, seasonally ad- are subscriptions of over $150 million
justed, advanced slightly from the first of capital to international financial
to the second quarter when they were organizations. In the fiscal year 1961,
at an annual rate just above $13.6 the amount spent in the United States
billion. The rise, most of which increased to $2.4 billion, while the
occurred in June, and which was amount spent abroad remained at $1.2
followed by a much sharper rise in billion.
These estimates are provided here to
July, reversed a decline which, with
only minor interruptions, had con- assist in the analysis of the relationship
tinued since the last quarter of 1959. between Government grant and capital
The decline had slowed down, however, expenditures and other items in the
in the fall of 1960 and imports appear balance of payments.
The amounts spent directly in the
to have passed their cyclical trough.
2.0
United States ($2.2 billion in 1960 and
$2.4 billion in fiscal year 1961) appear
in the balance of payments both as
credit items (e.g., exports of goods and
services) and as debit items (Government grants and capital outflows).
These transactions did not result in a
transfer of dollars (or at most only a
temporary transfer) to foreign accounts,
and the conclusion may be drawn that
they had, at least, no direct net effect on
the changes in foreign holdings of liquid
dollar assets or foreign purchases of
U.S. gold. They did, of course, make
a corresponding resource contribution
to the economies of the foreign countries
receiving the assistance, and alleviated
their balance-of-payments problems.
Indirectly, these transfers may have
affected the balance of payments of the
United States, but it would be most
difficult to estimate the magnitude.
The indirect effects depend upon an
evaluation of alternative developments
if Government financing for these
exports had riot been available.
The first question concerning these
alternatives may be whether the foreign
country receiving the goods and services
would have been willing, and in the
financial position, otherwise to purchase
them. With assistance being given
mainly to countries having very limited
SURVEY OF CUERENT BUSINESS
10
foreign exchange resources, and generally not accumulating reserves, purchases of the goods and services provided
under the various assistance programs
would tend to have reduced their other
September 1961
purchases. In some instances, how- much as has our assistance. In other
ever, such purchases may have come cases, however, Government-financed
from countries other than the United shipments may have diverted cash purStates, and in those cases our total chases from other countries to the
exports have not increased by quite so United States. Judging from the side
Table 2.—U.S. Balance
[Millions of dollars]
Western Europe
All areas
Type of transaction
Line
1961
1960
I
II
i-
1961
1960
II P
II
I
I'
1960
II P
7,584
622
6,962
na
7,210
na 2,288 2,657 2,460
na 240 323 132 na
312
6,898 7,025 2,048 2,334 2,328 2,352
4,607
429
192
4,994
470
249
5,009 4,910 1,520 1, 677 1,716 1,644
413 448 185 209 183 200
31
25
37
22
197 261
336
36
58
339
36
122
354
38
70
352
38
144
156
12
34
156
13
89
172
13
35
162
13
95
517
118
60
565
130
57
613
142
62
623
160
89
78
23
18
105
30
24
132
33
19
116
37
48
5,769
3, 830
432
278
6,074
3, 857
540
470
149
64
767
150
68
756
152
86
759
151
73
748
101
19
440
100
19
397
101
17
388
20
21
Imports of goods and services
Merchandise adjusted excluding militarv-Transport at ion
Travel
Miscellaneous services:
Private
Government excluding military
Military expenditures
Income on investments:
Private
Government
148
101
147
86
146
69
149
62
96
57
94
48
89
38
22
23
24
25
Balance on goods and services
Excluding transfers under military grants
Unilateral transfers net [to foreign countries ( — )]
Excluding military transfers
4
5
6
7
8
9
10
11
12
13
14
15
16
26
27
28
29
Private remittances
Government:
Militarv grants of goods and services
Other grants
- _ _ _
Pensions and other transfers
-
2
(*)
00
25
21
1
3
6
27
22
I
00
00
1
934 1,048
30
27
91 126
894
25
87
983
30
130
847
67
63
926
73
73
851
62
67
805
65
73
29
(*)
9
34
1
10
30
1
11
«"13
63
62
6
9
65
7
4
66
7
5
54
51
89
52
77
55
102
60
147
20
23
152
22
18
169
25
19
186
26
17
918
707
27
30
993
744
31
75
871
650
26
34
8
1
102
8
1
89
8
1
107
90
34
9
37
8
38
39
84
243
50
-5 -56
130 537 -108
61
109
47
Gold and convertible currencies purchases (—) and sales (+)
by U.S. monetary authorities.
50
94
346 -330
40
48
219 -362
48
Reductions in gold and convertible currency holdings (line
47) and in U.S. liquid liabilities (line 46).
640
888
334 -87
170
585
111 -253
49
Errors and omissions and transfers of funds between foreign
areas [receipts by foreign areas ( — )], net.
49
-128
-9 -282
813
1,098
468
179
362
995
631
878
329 -96
122
182
220
139
275
240
722
744
Revised.
J> Preliminary.
na—Not available.
nss—Not shown separately.
* Less than $500,000.
Beginning with the 1st quarter of 1959 transactions with shipping companies operating
under the flags of Liberia, Panama, Honduras, and Bahamas are shown in the "International
institutions and unallocated,"
2
3
8
1
-11 -17 -12 -18
-1
-1 -10
-8
-7
00
11
-1
1
00
11
-5
00
3
3
182
4
1
00
177
-4
-23 -16 na
-25 -27 -35 -41
-5 -2 -5 -3
322 -270 -113 -130 -112
-322 -270 -118 -12 -55
-123 -90 -16 -30 -59
-18
-16 — 110 —53
2
2
3
8
15
1 -7
-15 -22 —3
51
11
2
18 -117
-187 -65 -66 131 -24
5 -118 -57
-51 -147 -136
29
63
54
50
— 7 -25
5
-2
4
72
1
11
273 -305 -672
6
9
i
-5
2
—4
3
177
4 -20
n
112
112
-10 -275 -302
3
167
71
-7 -98 -190
10
265
-28
17
-108
1
1
9
132
-45
-75
49
-19
37 -13 -123
136 -30 218 -16
2 (*)
1 _
5
19 -4
1
14
3
4
10
-10
1 -1
222 -26
A
37
1
-5
517
7
4
-2
11
212
7
4
-4
1
-48 -312 -416 -419
36
16
16
-1
339 -12 -27 -41 -12 -173 -219
-875 -1,110 -1,400 -589 -24 267 -174
2
1
-651 -724
1 -7 -173 -221
-980 -934 -54 -268 -134 -257
-94 -116
-303 -331 -464 -431 -115 -110 -106 -159
-135 -77
—3 —15 —31
—295 -111
—88 -220
1
23
22
26
8
3
2
22
15
-1
12
-67
3 -5
15 -24 -6£ -25
-79 -45
§
3
42 -1 -25 00
4
7
3
— 77
77 -31
-1
1 -6
38 -47
-90 -164
54 -18
43 -176
-448 -230
1 -40 596 -13 -29 -42 -5 (*)
-224
30
2
-386
-420 345
(*)
—238 —353
420 —302 —41 —38 — 68 —56 — 2 —2
1
1
6
32
155
26 708
52
3
117
100 813
-141 -150
56 -12 -28 -45 -11 (*)
7
19
2
-100 -166
75
-12
37
16
15
-5
-1
00
-57
794
37
15
15
na
84 159 166
355
76 136 150 212
355
-4 -49 -69 -68 na
-4 -41 -46 -52 -62
-1
-6
590
35
14
14
309
309
-9
-9
-2
1
301
16
115
997 1,162 1,205 1,119 1,038
739 936 976 892 815
39
37
40
29
38
85 114 111 111 107
26 277 397
26 277 397
-7 -11 -12
-7 -11 -12
-4
46
28
76
II P
I'
47
47
5
-5
-6
590
9
100
II
I
25
25
7
-7
-5
283
4
154
I!*
13
13
—6
-6
-155 -163 -69 -74 -79 —75
491
21
143
1
43
2
2
(*)
na -240 -323 -132 na
-312
-490 -460 -52 -65 -67 -69
22 -20 -23 -23
-55 -58
187
26
98
r
2
00
I*
1961
53 1,195 1,390 1,180 1,352 1,246 1,364 1,285 na
na
16
23
8
53 1,195 1,390 1,180 1,352 1,238 1,341 1,269 1,250
(*)
-622
-418
-49
887
29
121
1
2
00
61
2
(*)
-164
771
11
176
III
46
2
00
-443
-381
-56
Foreign capital net [increase in U.S. liabilities (+)]
Direct investments in the United States
_
Other long-term investments in the United States (mainly
in U.S. private securities).
Foreign commercial credits
Increase in foreign holdings of liquid dollar assets (detail
in table 3) .
II
29
2
(*)
-142
42
43
44
Memorandum items:
Increase in foreign gold reserves and liquid dollar
holdings
less U.S. holdings of convertible currencies 3.
Through estimates net receipts from, or payments
(-) to the United States. 4
Through other transactions 5
._
66
II
I
94
33
U S capital net [increase in U S assets (— )]
Private net
Direct investments, net
New issues of foreign securities _ __ _
Redemptions
Transactions in outstanding foreign securities
Other long-term net
Short-term net
Government net
Long-term capital
Repayments
Foreign currency holdings and short-term claims, net
[increase (— )].
I
66
50
101
1 <*)
18
390 (*)
00
30
31
32
33
34
35
36
37
38
39
40
41
45
46
50
34
5,322 5,634 2,156 2,234 1,834 2,044
21
3,407 3,469 1,178 1,081 936 935
20
428 511 202 277 204 264 (*)
61 209 («)
275 471
63 218
1,027 1,510 1,888
na 132 423 626 na
888 1,576 1,391 -108 100 494 308
584
-1,022 -1,253 -1,012 na -383 -482 -301 na
-579
-631 -700 -681 -143 -159 -169 -167
_
34
rH
17
18
19
II P
I'
OS 00
6,796
443
6,353
II
I
1960
1961
1960
1961
i-l
Exports of goods and services
Goods and services transferred under military grants, netGoods and services excluding transfers under military
grants.
Merchandise, adjusted, excluding military
Transportation
- _ __ _
Travel
Miscellaneous services:
Private
Government excluding militarv-- Military transactions
Income on investments:
Direct investments
Other private
Government
- -- --
1
2
3
Latin American
republics 1
Canada
Eastern Europe
-3
222 -25
52 -299
-4
93
68
102
40
321 -158 -151
-6
76 -147
2 -75
244 -90 -111
49 -77
261 -53
38
4
8
-26 -141
7
53 -157
1 -140
52
-17
Iraq is not included in the sterling area, beginning with the 3d quarter of 195&
s Changes in reported total gold reserves of foreign central banks and governments (excluding U.S.S.R. and other Eastern European countries) net of convertible currencies held by
U.S. monetary authorities plus foreign liquid dollar holdings (line 46).
SURVEY OF CURRENT BUSINESS
September 1961
of foreign demand it does not seem
likely that Government assistance in
recent years has materially reduced
foreign purchases here.
The other question is concerned with
11
sist of surplus agricultural materials
which are in plentiful supply and such
exports are not likely to compete with
other exports.
the supply of exportable goods and the
incentives of U.S. producers to look for
export markets. There is little doubt
that a large part of exports under
Government assistance programs con-
of Payments by Area
[Millions of dollars]
Sterling area a
International institutions
and unallocated 1
All other countries *
1960
1960
1961
I
II
I'
1,967
195
1,772
2,054
276
1,778
2,148
164
1,984
na
na
1,931
1,277
111
16
1, 297
114
19
1,487
106
18
1,435
112
21
69
17
14
68
16
14
68
17
17
71
18
15
235
15
18
219
16
15
230
18
23
216
25
18
3
1,373
980
56
71
1,459
1,025
66
63
1,326
906
53
69
1,377
949
61
66
139
9
109
158
10
125
153
5
108
5
26
211
5
25
255
6
27
249
7
27
252
3
8
24
10
14
9
11
10
6
8
1
17
15
1
15
594
399
-547
-352
595
319
-666
-390
822
658
-599
-435
na
554
na
-410
-89
-89
-17
-17
-82
-82
-30
-30
nss
nss
1,143
nss
nss
503
nss
nss
602
nss
nss
583
nss
nss
500
nss
nss
682
nss
nss
759
nss
nss
730
nss
nss
643
1
2
3
808
82
16
925
93
19
888
79
18
728
84
21
308
49
7
366
57
9
339
51
8
258
56
10
500
33
9
559
36
10
549
28
10
470
28
11
4
5
6
111
7
3
112
7
5
118
7
8
115
8
7
80
3
1
81
3
2
86
3
1
82
3
3
31
4
2
31
4
3
32
4
33
4
7
8
9
138
12
8
171
15
14
167
17
11
148
17
15
46
9
64
12
8
80
14
1
70
11
7
92
3
8
107
3
6
87
3
10
78
6
8
10
11
12
151
9
118
1,085
648
83
61
1,119
661
117
81
956
549
90
60
1,039
594
114
81
614
294
71
12
628
283
102
44
483
207
77
12
530
209
100
41
471
354
12
49
491
378
15
37
473
342
13
48
509
385
14
40
13
14
15
16
10
79
11
144
78
11
114
81
10
128
81
10
117
76
2
104
76
2
67
77
1
74
77
1
63
3
9
40
2
9
47
4
9
54
4
9
54
17
18
19
50
9
49
8
31
7
35
7
48
7
47
14
29
6
33
6
2
2
2
1
2
1
1
20
21
—64
-64
-31
-31
nss
100
nss
-103
nss
242
nss
-103
nss
357
nss
-125
nss
104
nss
-110
nss
-111
nss
-17
nss
-26
nss
-20
nss
100
nss
-20
nss
-30
nss
-21
nss
211
nss
-86
nss
268
nss
-83
nss
257
nss
-105
nss
134
nss
-89
22
23
24
25
87
37
42
35
39
17
17
17
3
16
5
11
3
12
-73
-73
-26
-26
(*)
(•)
10
II
nss
nss
1,313
87
71
9
I
1961
nss
nss
1,361
71
69
00
UP
Line
1960
1961
nss
nss
1,185
69
66
17
1960
II
66
(*)
1961
Other countries
I
II P
I'
II
United Kingdom and
other Europe
1960
1961
I
II v
Total
(*)
1'
II
(*)
I
II P
lr
HP
I'
-56
-63
-58
-65
-30
-32
-34
-34
-14
-17
-17
-18
-16
-15
-17
-16
26
-195
-276
-20
-276
-308
-19
-164
-357
-20
na
-318
-27
nss
-68
nss
-66
nss
-86
nss
-71
nss
(*)
-3
nss
(•)
-3
nss
nss
(*)
nss
-68
-2
nss
-66
-2
nss
-86
-2
nss
-71
27
28
29
-454
-208
-68
-13
(*)
-438
-196
— 82
-28
1
—2
-14
-71
-242
-166
30
-106
-758
-480
-175
-37
-621
-425
-74
-72
1
-17
-20
-27
-165
-170
-63
91
100
8
-38
-40
-65
-195
-35
-26
-227
-71
-29
-17
-203
-58
-53
-12
-233
-123
-47
-26
7
17
-292
-278
-216
42
—104
-273
-196
-171
50
-75
16
3
-12
3
—1
1
3
18
19
-144
-1
94
-9
—1
1
-9
5
2
-145
-90
18
-73
-47
-110
-79
c
— 4(
30
31
32
33
34
35
36
37
38
39
40
41
49
1
14
100
49
9
18
20
1
116
-1
35
37
45
18
11
35
20
29
c
116
70
65
40
201
279
425
415
399
-26
-106
-246
-144
39
-141
128
0)
c
1
-26
-99
-99
-10
-91
10
-8
-17
-30
7
10
-1
-29
-29
7
3
4
-37
(*)
(•)
(«)
(•)
q
8
0)
9
4
192
K
(*)
-53
85
39
10
s
c
72
90
48
61
11
40
89
(«)
43
62
(•)
-392
-241
-92
— 17
(•)
.
-3
10
i
(*)
-212
19
-6
-15
-157
-73
10
-94
64
194
-31
-112
42
-45
— 12
14
337
4
16
369
8
24
125
16
26
14
11
30
340
2
15
378
8
16
159
16
13
-18
11
21
-3
1
1
-9
<•)
-34
324
-18
355
14
69
-31
325
-20
374
12
118
-5^
-4
-1
2
-19
2
-49
23
45
46
13
160
-224
150
—225
13
10
1
47
368
229
-255
268
-279
-1
-6
-39
24
48
73
38
75
155
49
29
-49
-17
-15
I
72
32
36
179
II
-43
-81
-53
326
-124
-129
405
9
90
-28
239
123
122
45
304
400
— 7<!
480
439
187
123
96
79
202
239
-176
26
-34
102
161
-467
52
4
For "All areas" equals balance (with reverse sign) on line 23 (less net sales of gold by domestic sources to (+) or purchases from (—) the monetary gold stock of the United States),
plus lines 25, 30, 43, 44, 45, and 49. Domestic sales to (+) or purchases from (—) the monetary
gold stock were in millions of dollars: 1960 I, —9; II, —10; 1961I, —5; II, —9. For individual
areas, line 49 is not included.
—4
-14
-2C
-108
-79
13
495
-390
3
-9
-3
-160
-72
9
-97
-151
-151
-81
19
-89
395
-486
(x)
-4
. 8
96
-154
-91
19
-82
134
-261
-271
-163
-112
—26
1
-9
3
102
487
-294
232
-526
327
-197
—1
374
-167
275
449
130
207
145
242
-480
27
Or)
4
332
-279
-212
155
53
-332
-156
-80
12
-88
13
32
(*)
-194
42
43
44
III
5
Line I minus line II for "All areas" represent gold obtained by foreign countries outside
the United States.
SURVEY OF CURRENT BUSINESS
12
For a large part of the nonagricultural exports in 1960, financed by ICA
and the Development Loan Fund, the
U.S. producer obtained the contracts
as a result of competitive bids open to
foreign competitors. Presumably it
would have made little difference to
the balance of payments if the assistance had been supplied by transferring
dollars and leaving it to the foreign
country to select the best supplier, or
if dollars had been spent abroad for
any other purpose, such as imports or
investments.
The domestic exporter that proved
to be competitive in obtaining contracts financed by the Government
would perhaps have been able to obtain
also other international contracts,
although not necessarily in the same
country. Being competitive, his capacity was probably relatively well utilized, however, and the incentive to
obtain other foreign contracts may have
been reduced. In this case foreign
assistance may have competed with
other potential exports, but its effect
in that respect was not basically
different from other Government or
private contracts which are given to
our most advanced business organizations which are actual or potential
exporters.
While it would not be accurate,
therefore, to conclude that the amounts
spent by the Government in the United
States in behalf of foreign countries
had no effect on the balance of payments, it would be equally wrong to
conclude that the transfers of dollars
which were $1.2 billion both in calendar year 1960 and in fiscal year 1961
measures with any exactitude the
effect of the foreign aid on the overall
balance of payments, which in 1960
resulted in net transfers of gold and
liquid dollar assets to foreign countries
of nearly $4 billion.
These $1.2 billion transferred to
foreign countries and international organizations as grants or loans entered
the general international stream of
dollars which was fed also by our
payments for imports of merchandise,
services, and for various private capital
transactions.
Altogether, our payments in 1960 were perhaps as high as
$29 billion (leaving out the $2.2 billion
of Government assistance funds spent
in the United States, but including
an unknown, but sizable amount of
private U.S. capital and gifts directly
financing U.S. exports of goods and
services). More than $25 billion of
that amount, or about 87 percent,
was returned to the United States
Table 3.—Changes in Gold and Convertible Currency Holdings by U.S. Monetary
Authorities and in Liquid Liabilities
[Millions of dollars]
Quarters not seasonally adjusted
Calendar
year
1960
I
Changes in gold and convertible currency holdings by U.S.
monetary authorities and in liquid liabilities 1
1961
1960
II
III
IV
I
II
3,929
640
888
1,191
1,210
334
-87
1,702
2,227
50
590
94
794
637
554
921
289
346
-12
-330
243
1,021
741
280
1,240
1,170
70
105
-139
192
110
82
42
-146
188
457
-101
62
81
-19
547
591
-44
132
53
165
102
63
441
494
-53
5
-57
602
448
154
210
231
-21
-489
-34
86
25
61
32
-18
50
-15
-115
40
11
29
-327
-282
-45
407
123
1,241
-163
970
454
-20
101
518
-101
56
-40
-132
14
27
387
-185
4
-111
34
-29
309
131
34
-165
-5
5
-155
206
16
-177
-2
-1
-293
-91
-27
83
46
7
Gold and convertible currencies [purchases (— ), sales
Liquid liabilities, total [increase (+)]
By foreign holders:
International Organizations
.
__
International Monetary Fund
Other
Foreign central banks and governments, total
As reported by U.S. banks _ _ _ _
Other
Foreign commercial banks
_ _
Other foreigners and undetermined.
___
By types of liabilities:
Deposits in U.S. banks
U.S. Government obligations:
Bills and certificates
Bonds and notes.
Other
Bankers acceptances, commercial paper, etc
Liabilities payable in foreign currencies _
Other liabilities _
604
126
180
35
36
5
9
124
182
443
-7
2
1. Corresponds to line 46 in balance-of-payments table, p. 10, and to 3d line from bottom of analysis, table, p. 8, except
for seasonal adjustment.
September 1961
through purchases of goods and services or investments. The remaining
amount of nearly $4 billion (or 13
percent of the total expenditures)
was added to foreign dollar holdings
or converted into gold, principally by
other industrially advanced countries.
There is now no scientific basis for
assuming that the proportion of dollar
expenditure returned to the United
States is different for different types
of foreign expenditures, except perhaps that direct expenditures in these
countries, or in others closely linked
with them, may provide more opportunities for their dollar accumulations
than expenditures in countries more
accustomed to purchase goods and
services in the United States. The
ratio between actual receipts and payments does not indicate, however,
what the net effects of additions or
contractions of expenditures \\ill be or
would have been at any one time.
The proportion of dollars received to
dollars spent through international
transactions can change as a result of
changes in the size of expenditures as
well as changes in the size of receipts.
The breakdown of Government grants
and capital outflows from the point of
view of whether the funds were directly
spent here or whether dollars were
transferred to foreign ownership cannot
provide a measure of the extent to
which these grants and capital outflows
contributed to the balance-of-payments
problem of the United States. They
may, however, provide a useful benchmark, provided it is understood that
the actual effect may be either more or
less and that this margin may vary
under different circumstances.
As a result of the Presidential directives to the Development Loan Fund
in the fall of 1959 and to ICA a year
later, new contracts are now given primarily to U.S. firms. Although foreign
firms, with few exceptions, are not
participating in the competition for
these contracts, some of the U.S. firms
receiving them presumably would have
been able to obtain them even against
international competition. As a result
of the new orders, the net effect of
foreign assistance on the balance of payments will be reduced, but its measurement will continue to remain subject to
considerable uncertainties.
BY FRANCIS L. HIRT
New Light on Patterns of Output Growth
JL HIS article brings up to date the
analysis of long-term production trends
for over 300 products and services last
analyzed in the May 1959 issue of the
SURVEY OF CURRENT BUSINESS.
At the outset, it should be emphasized
that the products considered here are
illustrations of production patterns typifying cross-movements in a growth
economy. Many new as well as old
products are necessarily excluded because of lack of data or for other
reasons. Such new lines as the expanding group of electronic components and
parts, automation through use of computers, radar and microwave systems,
missiles and guidance systems for missiles, atomic power plants and byproducts of atomic energy research are not
covered. These and other developments
taken together play an increasingly important role in the economy, and loom
large in the field of technical progress
and in the actual and potential growth
of the economy.
On the basis of the products analyzed
in this report, there has been some
slowing down in the growth rates for
a large number of new products as well
as old. It is not surprising that so few
products in the list presented in the
table show progressive year-to-year
gains. It is a distinctive feature of a
dynamic economy that products that
were once new and rapidly growing
slow down in growth as markets become
highly developed, while completely new
products are constantly coming to the
fore. Moreover, a fixed group of products encompassing a period as long as
13 years (1948-60) will tend to show a
dwindling number of consistently growing items, since the very newest products were in the developmental stage in
the early part of the period and data
for them may not be available at all.
Furthermore, it should be pointed
out that changes in production
expressed in terms of physical units
do not necessarily indicate for some
products their full measure of growth.
For example, the electric typewriter
is more expensive than the standard
type so that when value (unit times
price) is taken into account, the growth
rate for all typewriters combined would
be higher than growth based solely
on physical units. Similarly, the number of lawnmowers, measured in units,
rose 50 percent from 1947 to 1958,
but the real gain in production is far
in excess of this since the average value
at the factory level of a power mower
is nearly four times that of the hand
mower.
Basis of classification
The products are classified on the
basis of output change since 1948 into
three broad groups—fast growing,
defined as those having an average
rate of growth of 7% percent or more
per year; moderately growing, or those
with growth rates up to 7l/2 percent
per year; and the declining products.
This basis for grouping products reflects
of necessity an arbitrary judgment on
our part. While the classifications are
the same as used in previous articles,
it should be noted that the base period
for computing the growth rates has
been shifted to 1948.
Table 1 lists the products in approximate order of magnitude of change
in output and for ready reference also
shows actual production data for 1948
and the most recent years.
For the products included in the
table, and taking the entire period
1948-60 as a basis of measurement,
one-fourth are fast growing, somewhat
less than one-half are moderately growing, and the remainder are declining.
These proportions differ from those
shown in the previous review where
the products were arranged on the
basis of the longer term production
trend; i.e., from 1929 through 1957.
On the basis of the 1948-60 output
change, the number of products classified as fast and moderately growing
was reduced, and the number in the
declining category increased as compared with the long-term classification.
This shift in position is traceable in
part to the cyclical fluctuations in the
more recent period, and partly to the
selection of the year 1948 as the base
period for the rate calculations. Basically, the review reflects conditions under
high-level business activity marked by
periodic readjustments.
Changing patterns of growth
The rapidly growing products have
maintained a median rate of growth
since 1955 of about 10 percent per year,
compared with close to 15 percent in
the earlier postwar period, when naturally the relative gains were more importantly influenced by the starting
position.
Of the 70-odd items in the fast-growing group, 10 percent continued to show
uninterrupted growth at a high rate—
over 15 percent per year—from 1948
to 1960. Outstanding examples of
these items include polyethylene, a
material developed during World War
II and now extensively used both by
industry and consumers, and some of
the more recently developed electronic
components such as transistors, connectors, and rectifiers. In the case of
polyethylene, output has expanded at
an average annual rate of 40 percent
since 1948, and for the past 5 years the
rate was still in excess of 30 percent.
For transistors, the production of which
exceeded 1 million units for the first
time in 1954, the growth rate was more
rapid, as could be expected in the early
period of production and marketing.
Even though the rate has decelerated
from the earlier period, most of the
items in the fast-growing group are
still showing annual growth rates for
the 1955-60 period of 7% percent or
more.
Notable exceptions—though
still decidedly growth products—are
primary aluminum, a few chemical
materials—nitric acid, urea and melamine resins, perchloroethylene—and
Text continues on p. 16
13
SURVEY OF CURRENT BUSINESS
14
September 1961
NOTE.— The average annual rates of growth shown in the table
below are based upon the change in output from 1948 to 1960 or
from first year production data are available.
Table 1.—Production of Selected Products and Services, 1948, 1958-60
Product or service
Production
Unit of measure
1948
1958
1959
Product or service
10 to 15 Percent
Thous miles
Thous
Number
Tons
Thous
Mil. Ibs
Thous
Thous...
«26
b 1,318
•1,000
10
°60
19
«114
. '200
Thous
Thous
Mil cu ft
Thous
Thous
<*25
74
30
^27
Thous
Mil. sq. yds
Thous
Mil. Ibs
Thous Ibs
Thous
Mil Ibs
«34
a 41
621
92
75
240
351
72
Mil cu ft
Thous
Number
5,900
Mil. Ibs _
Thous
Thous
Mil. Ibs
Thous
Mil Ibs
20
600
1,309
165
975
218
51
397
4, 885
47,051
7,477
607
1,195
1,573
210
1,673
377
400
124
345
1,660
499
400
167
410
1,521
570
425
187
643
114
1,204
594
2,612
3,212
575
630
133
1,382
793
608
152
1,238
856
25, 500
4,585
443
865
1,263
1,817
334
3,452
31, 100
145
40,900
3,898
2,236
2,769
4,000
477
642
741
4,200
40, 700
157
4,250
8.252
4,750
9,523
763
977
4.920
869
2,552
2,295
3,475
6.349
1,166
3,300
2.420
675
Thous
432
1,881
1,709
Thous. sh. tons
Phosphoric acid
5,948
5,085
1,347
Mil Ibs
93
74
«36
Mil bbls
Jet fuel
241
200
61
Mil gals
Xylene
9, 763 10, 845
2 566
Thous Ibs
Vitamins
7,670 28, 522 32, 400
Mil miles
Air revenue passenger-miles
6,021
4, 659
1,485
Mil. Ibs .
Plastics and resin materials
175
789
616
Thous
Disposals food
31
30
10
Thous. sh. tons
Magnesium
6,150
6,400
1,650
Thous
Shavers
539
418
148
Mil Ibs
Ftl IPTIP 1 " 1
1,215
1,145
367
Thous Ibs
45
36
16
Bil cu ft
Oxygen
4,520
3, 879
1,375
Thous. sh. tons
Ammonia, synthetic anhydrous
86
35
101
Mil
Skirts, separate
205
682
027
Mil Ibs
» t^Jftn f • Pf
rr, ' ^ ^^
4,215
3,318
d 1, 270
Thous
C
A 1 rn '
'
a o t>
_ -1, 954
1,566
623
Thous. sh. tons __
n
A U
—IT,' 7 4- •
£OL
5, 014 14, 800 15, 900
ATil cartons
3,061
Effervescent wines, withdrawals... Thous. wine gaL_. 1,063 2, 502
7,181
5, 756
« 2, 140
Gasoline engines, ex. outboard, Thous
automotive, and aircraft.
71/2 to 10 Percent
203
68
187
Mil Ibs
Perchloroethylene
64
52
21
Mil Ibs
Pentaerythritol
223
646
579
Mil miles
3,074
Thous. sh. t o n s _ _ _ 1,133 2,704
Nitric acid
1,380
1,055
488
Thous. Ig. tons
Rubber, synthetic, all types
1,816
1,465
661
Mil gal
Butadiene
23
17
10
Aircraft, civilian, airframe weight, _ Mil Ibs
4,287
3,605
Thous. sh. tons... 1,640
Chlorine gas..
1,750
617
1,358
Mil. Ibs
Formaldehyde _ _
424
349
149
Mil Ibs
TJrea and melamime resins
524
474
* 428
Thous
Vending machines
692
506
297
Mil. Ibs
Phenol, natural and synthetic
288
116
256
Bil ton-miles
Motor truck transportation
795
725
337
Bil kw -hr
Electric power total
38
99
81
Air-conditioning systems, com- Thous
mercial.
225
547
425
Thous
D ish washers, motor-driven
5,148 11,030 12, 046
Bil cu ft
Natural gas marketed
124
122
46
Mil bbls
Aviation gasoline
184
347
287
Benzene, chemical and motor Mil. gal
grade.
179
186
71
Number
Helicopters nonmilitary
37, 700 73, 405 89, 190
Trousers, separate, dress and sport Thous
164
717
573
Merchant ship construction, de- Thous. gr. tons
liveries.
723
331
667
Renairs. household durables - . _ (1940=100)
See footnotes at end of table.
r
9,475
127, 928
48, 300
5,311
710
1,337
1,659
82, 294
1958
1959
1960
Moderately Growing—Increases at an Average Annual Rate of Less Than 7Vfe Percent
Rapidly Growing—Increases at an Average Annual Rate of l /2 Percent or More
30 Percent and over
Helicopter passenger-miles
Transistors
Heat pumps
Titanium sponge
Air conditioners, automotive
Polyethylene
Power brakes
Power steering
20 to 30 Percent
Dehumidifiers
Air conditioners, room
Argon
Recorders magnetic
Air-conditioning systems, residential.
Rubber or latex core mattresses
Carpets and rugs, tufted-type
Driers
Fibers, synthetic, ex rayon
Antibiotics
Phonographs single
Fibers, synthetic, ex. rayon, consumption .
Helium
Lawnmowers power
Icemakin g machines
15 to 20 Percent
DDT
Coffee makers, automatic-.
Picture tubes sales
Styrene plastics and resins
Television sets, black and white. _ _
1948
1960
l
Production
Unit of measure
761
3,800
59, 100
164
4,875
9,014
1,062
5,708
1,190
3, 540
2, 086
6,441
89
282
11,063
33, 800
6,140
760
40
5,950
602
1,299
58
4,812
123
706
4, 309
2,014
16, 000
3,380
7,003
209
64
674
3,317
1, 436
1,883
28
4,587
1, 698
399
644
773
294
840
104
555
12, 692
114
456
172
92, 705
404
795
6 to 7V2 Percent
\cetylene
Phthalic anhydride
Newsprint production
Hydrochloric acid
Garden tractors
Sand and gravel
Glazed and unglazed floor and wall
tile.
Coumarone, indene and pet.
polymers.
Acetylsalicylic acid (Aspirin)
Mixers, food, std. and portable
Sodium hydroxide, liquid
Waists, blouses, and shirts
Coats, separate, men's
Methanol, synthetic .. . _ _ . _
Woodpulp
Sulfa drugs
. _ ---.__.
Pipelines, oil
Asphalt
_
Receiving tubes _
Pulpwood consumption
5 Percent
Oleomargarine
Sanitarv and tissue paper
._
Acetic acid
Carbon dioxide
Natural and synthetic rubber,
consumption.
Special industrial and absorbent
paper.
Water heaters, gas
Shipping containers
Distillate fuel oil
Passenger cars
_ _ _
4 Percent
Closures, commercial. _
Ethvl alcohol
Wax, petroleum
Trailer coaches, mobile home-type _
Paperboard, includ. wet machine
board.
Work pants . __
Industrial trucks and tractors,
electric, rider-type.
Bag paper
.
_ _.
Glass containers.
__
Salt
M otor fuel all types
Beef
High industrial explosives. _
Carbon black
Heating pads
Distilled spirits, withdrawalsTires, passenger car
Paper and board, total.
Freezers, farm and home
__
Warm-air furnaces .
Gypsum wallboard, includ. lath.
Ravon and nylon tire cord
SuKuric acid
Fine paper
____ _ _ _ _
Cement portland
Canned fruits
Book publications
Shipping sack paper
3 Percent
Lamps, bulbs and tubes _ ...
Printing paper
__ _
__ __ _
Cans, metal (expressed in terms of
metal used) .
Glycerine, refined
Trailers, truck..
Concrete reinforcing bars
Fertilizers, commercial
Ethyl acetate
Shirts, dress, sport, business,
utility.
Super phosphate __ _
Waterclosets
Drinking fountains
Copper, refinery (primary)
Innerspring mattresses, other than
for cribs.
Mil cu ft
Mil. Ibs
Thous. sh. tons___
Thous. sh. tons
Thous
Mil. sh. tons
Mil. sq. ft
Mil. Ibs
Thous. Ibs
Thous
Thous sh tons
Mil
Thous
Mil. gals.
Thous. sh. tons
Thous. Ibs
Bil. ton-miles
Mil. bbls
Thous
.-- Thous. cords
Mil. Ibs
Thous. sh. tons
Mil. Ibs _. _ Thous. sh. tons
Thous. Ig. tons
Thous. sh. tons
5,144
159
876
458
185
319
104
10,256
135
268
318
265
11,016 20, 819
2,714
1,570
2,377 3, 993
94
170
8,470
4, 458
214
149
12. 872 21,796
2,660 3,725
211
120
89
52
397
205
21, 189 35, 248
18, 097
23, 553
186
10, 665
265
24, 383
193
10, 560
298
25, 316
227
97
433
38, 691
229
99
393
40, 485
1.611
2,128
6°0
891
1, 628
1,695
2.217
766
941
1,916
908
1,188
422
527
1,069
301
1, 726
826
224
684
222
1,573
1,945
566
806
1, 357
12, 109
358
1,924
956
339
730
259
3,060
4,677
5,835
12, 136
374
2,004
1,014
408
707
225
3,270
4,896
5,080
415
642
752
758
1,500
62
381
3,909
2,673
97
631
2,662
4,258
2, 954
110
679
5, 591
10. 780
324
3,515
85
9, 508
17, 675
492
5, 252
134
14, 271
18, 361
541
5, 630
162
15,624
543
5,911
141
15, 836
3,500
3,438
5, 538
6, 191
5, 650
Thous. sh. tons
1,053
766
1,158
Mil. gross.99
145
154
Thous. sh. tons
16, 100 23, 844 25, 160
Mil bbls
922
1,440
1,448
Mil. Ibs
9,075 13,342 13. 608
639
Mil. Ibs
810
887
Thous. sh. tons
649
984
822
Thous
1, 995
1,600
2, 500
Mil. gals
108
155
160
84
Mil..
67
103
Thous. sh. tons
21, 897 30, 823 34, 054
Thous .
690
1,101
1, 205
Thous
1,235
777
1. 435
Mil. sq. ft
5,035 7,206 8,425
251
Mil. Ibs
350
430
11,456 15, 950 17, 609
Thous. sh. tons
1,141
Thous. sh. tons
1,535
1,759
Mil bbls
205
311
338
Mil. Ibs
2,500 3,347
3,982
No. of editions
9,897 13, 462 14, 424
Thous. sh. tons...
567
819
870
1.247
160
26, 433
1,497
14, 690
984
1,036
2. 575
170
105
34, 461
1,045
1,214
7, 745
390
17, 820
1.771
319
Thous
Mil. sq. ft
Mil. bbls
Thous
Mil
Mil. gals
Thous. bbls
Thous
Thous. sh. tons
Thous. doz
Thous
Mil .
. _Thous. sh. tons..
Thous. sh. tons...
1,837
3,151
3,245
Mil. Ibs
197
Thous
44
1,542
Thous. sh. tons
Thous. sh. tons... 17, 596
62
Mil. Ibs
Thous. doz
16, 500
Thous. sh. tons... 1,900
Thous
3,408
Thous
82
Thous. sh. tons. . _ 1,107
Thous
• 6, 226
3,898
4,023
108
668
6,675
18.071
5,640
3,796
15.012
859
2,597
4.053
2,858
4,508
4,949
2.729
4,668
222
50
270
75
2,173
25, 425
101
23, 232
290
65
2,214
25. 228
87
24, 210
2,610
2,680
4,742
4,761
2,035
23, 172
86
21, 304
2,381
4,031
124
1,353
8,400
5,235
125
1,098
8,967
4,801
114
1,519
8,692
SURVEY OF CURRENT BUSINESS
September 1961
15
Table 1.—Production of Selected Products and Services, 1948, 1958-60—Continued
Product or service
Production
Unit of measure
1948
1958
1959
Product or service
Production
Unit of measure
1960
1948
Moderately Growing -Increases at an Average Annual Rate of Less Than 7l/2 PercentContinued
Showing Declining Trends— Continued
3 Percent— Continued
Newsprint consumption
Sugar, refined
Acetic anhydride. ._
Calcined gypsum.
___ __
Shower stalls
Cheese
Flush tanks, vitreous china
Canned vegetables (comm pack)
Still wines, withdrawals. _- ..
Repairs, passenger cars and trucks.
Diesel and semidiesel engines
2 Percent
Meats, total-Insulating board and hardboard
Cigarettes, production
__
Coarse paper
Aniline.
Copper, mine
Bedsprings, total
Fabricated structural steel
Crude petroleum
Lavatories, total.
Paint, varnish, and lacquer
Sodium bichromate and chromate.
Ice cream
Glazed and unglazed hollow face
tile.
Exterior frames
Construction paper and board
Vitrified clay sewer pipe and fittings.
Fans
Cigars, production
__
Shoes and slippers
Oil burners, residential
Cast iron soil pipe and fittings
Tractors (used in construction industry) .
Typewriters, std., including portables.
0 to 2 Percent
Pork, excluding lard
_
Lubricants
Prick, common and face
Wastepaper, consumption
Lard
_
Pig iron
Stool ingots and steel for castings ._
Dresses, women's
Confectionery sales
Kerosene
Slab zinc, primary smelter
Reclaimed rubber, production
Cast iron pressure pipe and fittingsFinished steel products total
Truck and bus tires
Dungarees and waistband overalls,
and related items, men's.
Oak flooring
Slab zinc, consumption
Automotive replacement batteries
Hosiery shipments, total
Path tubs, total
Cleaning and dyeing
Fermented malt liquor (beer)
Radios including auto
Sodium silicate
Lamb and mutton
Domestic water systems
Sulfur, native
Irons
Pickup hay balers
Adding machines, ejectric and
nonelectric.
4,950
9,165
965
8,122
181
1,399
3,445
8,284
143
315
132
5,328
9,443
1,097
9,268
189
1,382
4,626
7,603
144
346
180
5. 532
9,653
1.065
8,511
200
1,475
4,154
8,012
148
366
136
Mil. Ibs
21,300 25, 747
Thous. sh. tons... 1,270 1,666
Bil
_
387
470
3,027 3,613
Thous. sh. tons
92
Mil Ibs
101
835
Thous. sh. tons
979
« 5,605 7,111
Thous
2,718 3,664
Thous. sh. tons
2,020 2,449
Mil bbls
3, 303 3,677
Thous
321
272
Mil gals
96
Thous. sh. tons__.
98
2,721 3,154
Mil. Ibs
484
335
Mil. brick equivalent.
Thous
4,317 6,247
Thous. sh. tons.— 2,592 3,055
1,433 1,772
Thous. sh. tons
27, 472
1,907
489
3,999
130
825
7,779
2,904
2,575
4,488
346
121
3,350
445
28,317
1,782
507
3,996
120
1,083
7, 375
3,436
2,575
4,187
347
122
3,363
418
7,118
3,359
1,973
5,345
3,211
1,859
Thous. sh. tons..Thous sh tons
Mil. Ibs
Thous. sh. tons
Thous
Mil Ibs
Thous
Mil Ibs
Mil. wine gal
(1940=100)
Thous
4,010
6.971
775
6,249
148
1,098
3,082
5, 917
110
262
*100
3,795
5,645
480
420
654
40
4,676
6,210
587
627
784
47
4,485
7,113
638
653
862
58
4,672
7,009
598
510
797
49
1,173
1,215
1,273
1,180
10,055
51, 400
5,707
7,585
2,321
60
89
227
2,673
122
788
267
1,155
66
15
4,700
10, 528
51,300
6,459
8,670
2,441
57
85
243
2,821
110
781
260
1,278
60
13
4,663
12, 110
56, 100
7,258
9,414
2,803
60
93
257
2,929
111
799
304
1,441
69
15
4,842
11, 752
58, 400
6,481
9,032
2,600
67
99
254
3,003
135
868
293
1,262
71
14
5,000
832
Mil bd ft
887
818
Thous. sh. tons__868
25, 075 25, 270
Thous
144
Mil doz prs
150
1,948 2, 161
Thous
247
253
(1940=100)
91,291 89,011
Thous. bbls
16, 500 12, 577
Thous
486
Thous. sh. tons
478
747
Mil Ibs
688
650
Thous
720
4,869 4,645
Thous. Ig. tons
6, 660
Thous
5, 662
49
Thous. _
71
^343
Thous
319
994
956
27, 495
157
2,503
257
90, 974
15, 622
514
738
800
4, 554
6,747
53
369
879
861
26, 329
151
2,039
261
94, 548
17, 127
498
766
770
4,942
6,695
49
348
Thous
Mil _ .
Mil prs
Thous
Mil. sh. tons
Thous
- __
_-
Thous.
Mil. Ibs
Thous. bbls
Mil. std. brick _
Thous. sh tons
Mil. Ibs -_
Mil. sh. tons
Mil. sh. tons
Mil
Mil Ibs
Mil M)i s
Thous. sh tons
Thous. Ig. tons
Mil. sh tons
Mil sh tons
Mil
Thous. doz
Showing Declining Trends
Up to 2 Percent
Calculating machines, elec. and
nonelectric.
Sodium carbonate (soda ash)
Vacuum cleaners
__ _ _
Creamery butter
Hardwood doors
Cotton broad-woven goods
Copper consumption
Lead, refined, produced from domestic and foreign ores.
Ranges electric includ. built-in
Raw cotton consumption _
Lumber, total
Coats, trimmed and untrimmed,
women's.
Silk consumption
Rayon and acetate, consumption. _
Sheep and lamb skins
Thous
Thous. sh. tons
Thous
Mil. Ibs
Thous
Mil. linear yds__ _
Thous. sh. tons
Thous. sh. tons_._
e!23
99
112
122
4,575
3,361
1,504
3,855
9,640
1, 214
407
4,324
3,295
1, 511
4,308
8,974
1,157
472
4,904
3,421
1,440
4,613
9,605
1,183
342
4,557
3,313
1,479
3,763
9,328
1, 148
385
Thous
_
Mil. Ibs
Bil. bd. ft
Thous
1,600
4,464
37
25, 574
1,355 1,687
3,867 4,337
37
33
23, 411 24, 338
1,525
4, 217
35
23, 790
Thous. Ibs
Mil. Ibs
Bil miles
In thous. equivalent hides and
skins.
7,400 5,300 8,000
1,253
1,150
1,127
641
579
555
33, 492 27, 453 32, 054
6,900
1, 056
585
30, 399
Up to 2 Percent— Continued
Methanol, natural
Flour, wheat __ __ _
Suits men's
Tin consumption, primary and
secondary.
Lead consumption, primary and
secondary.
Trucks and buses
Floor and wall furnaces
Rayon and acetate production
Cattle hides and side kip
_
Thous. gal
Mil. Ibs
Thous
Thous. Ig. tons
Thous. sh. tons_-_
1958
1959
2, 366
142
23, 412
91
1,919
126
17,932
73
2, 123
127
21, 079
77
1960
2,162
129
21, 134
80
1,134
986
1,091
1,002
1,376
Thous
530
Thous
1,124
Mil. Ibs
In thous. equiva- 26, 070
lent hides and
skins.
4,648
Thous. doz
Work shirts
.. _
333
Mil. gross
Crowns
Mil. Ibs
_ _ 2,458
Canned fruit juices
_ __
108
(1940-49=100)
Textile bags, burlap
9,995
Thous
Clocks
2,799
Thous. h.p
Aircraft engines, civilian
4,196
Washing machines, elec. and gas.__ Thous
2 percent
1,423
Mil. Ibs
Veal
101
Iron ore
_ _ Thous. Ig. tons
27
Steel barrels and drums, heavy Mil
type.
2,711
Kitchen sinks, total
Thous
263
.-_
Cast-iron boilers (round and Mil. Ibs __
square) .
4,850
Thous
Toasters
245
Mil. Ibs
Manufactured tobacco
4,766
.
Refrigerators, electric
_
_ _ _ Thous
6,193
Thous
Overcoats and topcoats, men's
466
Mil bbls
Residual fuel oil
3.755
Mil. Ibs
Condensed and evaporated milk
3 to 5 percent
630
Thous. sh. tons_-_
Zinc, mine
600
Mil. sh tons
Bituminous coal
50, 000
Machine tools, metal cutting-type. Thous
11, 820
Thous
Open sash
14, 963
Thous
Suits, women's
2,750
Thous
Cooking stoves, gas, domestic
877
495
960
23, 818
1, 137
573
1,097
23, 167
1,195
460
968
21, 976
3,811
303
2,024
93
7,450
3, 850
3,770
3,881
323
2,067
98
8,100
2, 513
3,950
3,876
279
2,064
90
8,300
2,284
3,381
1,189
68
22
1,016
60
23
1,109
88
21
2,130
216
2,286
205
2,067
191
3,300
180
3,117
4,870
363
2,751
3,774
176
3,785
6,098
348
2,746
3,555
173
3,475
4,393
330
2,662
412
410
27, 400
9,432
8,999
1,897
425
412
33,900
11,049
9,681
2,012
432
413
34, 000
7,958
9,464
1,816
1,040
Thous
145
Mil. gals
390
Thous. sh. tons__In thous. equiva- 10. 480
lent hides and
skins.
70
Mil
824
105
267
8,069
783
90
256
6,573
715
93
244
6,332
Water heaters, electric
Creosote oil
Lead, mine
Calf and kid skins
Inner tubes, passenger, truck, and
bus.
Wool consumption, apparel and
carpet.
Woolen and worsted woven goods. _
Carpets and rugs, wool type.
5 percent and over
Power sprayers and dusters
Railroad revenue passenger-miles
Asphalt board products
Railroad freight cars
Goat and kid skins
41
46
41
Mil bbls
693
331
429
404
Mil. linear yds
Mil. sq. yds
498
90
271
51
311
59
283
54
131
41, 200
31,932
115
37, 970
88
23, 200
17, 416
44
19, 992
96
22, 100
19, 713
38
22, 797
73
21,400
16, 226
57
18, 699
62
4,C91
75
366
17,312
68
1,271
2,229
33
1,829
40
240
7, 778
28
543
760
36
2,474
40
190
7,650
29
521
829
28
1,948
36
170
7,491
27
495
842
860
5,227
91
3,517
57
529
418
2,262
47
989
21
239
392
2,254
43
1,189
21
252
320
1,907
30
1,266
18
151
79
60
309
3,280
654
536
8
946
1,235
86
2,254
86
285
33
477
35
22
109
1,040
137
156
0
130
244
16
434
0
38
2
35
35
24
119
935
223
128
0
70
288
16
842
0
40
27
18
110
871
155
103
0
243
231
15
366
0
29
2
35
Thous
Mil. miles
Thous. sq. ft
Thous
In thous. equivalent hides and
skins.
Thous
Milking machines
Thous
Ponderosa pine doors
Maple, beech, and birch flooring. _ Mil. bd. ft
Number
Feature movies
Mil
Local transit, passengers carried
(1940-49=100)
Textile bags cotton
Thous sh tons
Structural clay tile
Phonographs, radio-phonograph Thous
combinations.
Thous sh tons
\Vire nails and staples
Thous
. .
Heatin0" stoves, domestic
Thous
Combines (harvester-threshers)
Mil. sh. tons
Rails and accessories
Anthracite
_ _ _ Mil. sh. tons_
Tractors, wheel-type, exc. off-high- Thous
way and garden-type.
Thous
-. -_
Cornpickers, field
Mil sq ft
Radiators and convectors
Thous
Tractor moldboard plows
Thous. squares
Asphalt sidings
Thous
Overdrives
Thous
Range boilers
Number
Locomotives electric
Number
Railroad pj^sen^er cars
Thous
Thous
M^echanical stokers
Number
Number
Locomotives steam
Mil Ibs
Tire cord cotton
Mil Ibs
Black blastin0" powder
Thous
40
d
« Data are for 1953.
Data are for 1949.
-f Data are for 1951.
e
& Data are for 1954.
Data are for 1947.
* Data are for 1955.
< Data are for 1952.
Source: U.S. Department of Commerce, Office of Business Economics, based upon data
obtained from private and Government sources.
SUEVEY OF CUERENT BUSINESS
16
FAST GROWTH PRODUCTS, 1948-60
Growth Rates in Output Have
Shifted in Past 6 Years
Acceleration in Growth for Some Items
Index of Output 1948 = 100
2,000
(Ratio Scale)
Dehumidifiers
1,000
800
Electric Blankets
600
Xylene
Oxygen
400
Effervescent
Wines
Rubber, Synthetic
Aircraft, Civilian
200
100
Slowdown in Growth for Great Majority
These Still Have an Average Rate of
Increase of Over 7^2 Percent Per Year
10,000 p
8,000 -
Polyethylene
Antibiotics
Manmade Fibers
(Ex. rayon)
Icemaking Machines
Frozen Foods
Air Travel
400 -
Skirts, Separate
200 -
100
While These Are Below the
7]/2 Percent Rate
Air Conditioners,
Room
2,000
Driers
1,000
800
600
Aluminum, Primary
Paper Milk
400
.^Air-conditioning
Systems, Commercial
200
100
1948
1954-55
Average
1960
Data: Government and Private Agencies
U.S. Department of Commerce, Office of Business Economics
6I~9~12
September 1961
transparent film for packaging among has nearly doubled, from less than 30
manufactured commodities, and motor- billion cubic feet to 56 billion last year.
In the case of synthetic rubber, protruck transportation and electric power
duction and consumption have been
among the services.
Some items that have shown large increasing steadily relative to natural
production gains from 1948 to 1960 rubber. Last year, domestic use of
have reached the leveling stage in the all types of synthetic rubber accounted
past 5 years. Production of television for approximately 70 percent of total
receivers is a case in point, and an consumption; in 1955, the proportion
illustration of a growth curve. Follow- was less than 60 percent. A part of the
ing the year of introduction in 1947, expansion has resulted from the recent
the number of television sets produced development of newer and improved
reached an early peak in 1950; it was types of synthetic rubber, such as the
not exceeded in number again until stereo grades. Here new planned
1955 and then by a slight margin. In capacity includes the construction of
each of the past 5 years, the number of additional facilities with a rated
TV sets turned out was below the capacity of 200,000 long tons for the
record 1955 volume, and substantially production of the stereo-type synbelow in most of these years. Clothes thetic rubber alone; this is already or
driers, room air conditioners, farm and will be under construction before the
home freezers, and sulfa drugs are other end of this year.
commodities typical of this production
Relation of growth products to busipattern. However, in only a few
ness cycles
cases— diesel-electric locomotives for
In
the recent business downturn which
example—has the production curve
extended
into the early months of this
shown a positive downward trend from
year,
production
rates were reduced
the strong initial upsurge.
from earlier highs throughout manufacAcceleration in some products
turing and mining industries. BeIllustrations of products are given in cause of the generally high volume in
the top panel of the chart where growth the first 9 months of 1960, for the year
rates have expanded since the mid- as a whole, output of most products
fifties. The accelerated rates of output averaged higher than in 1959.
Before the end of the first quarter of
in these cases are associated for the
most part with product improvement this year, a firming tendency was in
and the development of new and more evidence and in April total industrial
production turned upward and by July
efficient uses for old lines.
Examples of these are oxygen, re- surpassed the previous high reached
flecting the expanding use in the pro- early in 1960. Of all the recoveries
duction of steel ingots; synthetic rub- following postwar recessions, this was
ber, an outstanding World War II the briefest period by a wide margin in
product development and still under- which an earlier production peak was
going further product improvement; overtaken.
All of the major industry groups
and effervescent wines, the increasingly
shared
in the recovery, though unpopular domestic-made champagnes
evenly,
and
most registered rapid and
and sparkling wines.
appreciable
advances.
By July, new
The steel industry is the largest user
output
peaks
were
registered
for 9 of
of oxygen. It is also consumed in large
the
23
major
product
groups
comprising
quantities in missile systems, in the production of many chemicals, and in the Federal Eeserve production index.
other industrial products. The appli- For many individual products, output
cation of oxygen in the production of gains from the low recession levels were
raw steel became especially significant likewise substantial.
Table 2 shows the direction of output
in the midfifties. The use of oxygen
changes
for 280 identical products and
per ton of raw steel produced has increased to 500 cubic feet in 1960 from services during the postwar recession
less than 200 cubic feet in 1955. In periods. The items are arranged into the
the past 5 years, total output of oxygen three broad classifications of fast, mod-
SURVEY OF CURRENT BUSINESS
September 1961
Table 2.—Direction of Output Changes for
280 Identical Products and Services During
Postwar Recession Periods
Group
1948-49 1953-54 1957-58 1959-60
l
57 Fast Growing Products
Increases. Decreases. _
Median, percent change..
41
16
9.9
43
14
4.3
132 Moderately Growing
Products i
Increases
44
Decreases88
Median, percent change. _ -4.8
-0.4
91 Declining Products 1
15
Increases. _
Decreases
___
76
Median, percent change.. -14.5
-7.4
63
69
23
68
32
25
1.4
54
78
-2.4
17
74
-9.8
42
15
4.3
74
58
1.0
23
68
-6.9
280 Products
100
Increases
180
Decreases
Median, percent change.. -5.0
-1.0
-4.0
-3.0
Industrial Production, percent change.
-5.8
-7.1
3.0
-5.5
129
151
103
177
139
141
1. Based upon change in output from 1948 to 1960.
erately growing, and declining groups,
based on output changes from 1948 to
1960, and median percent changes have
been calculated.
The declining products show the
largest percentage decrease in each
period; the fast growing products show
an increase in each period; and the
largest group, "moderately growing/'
falls in between. It may be noted, however, that the average increase in the
fast group showed a progressive decline
from 1948-49 to 1957-58. The reversal
of this pattern in 1959-60 may be taken
as an indication of the mildness of the
1960 recession. It may also be seen
that in the first three recessions, the
moderately growing group has never
shown a positive average. There is no
evidence of a progressive deterioration
in the decreasing group, though this
may be a characteristic of the different
demand patterns in each of the periods.
As a related aspect of the above, we
can see a diversity of recession changes
within each of the groups. The fast
growing group does not show increases
for all products though increases predominate, and the declining group contains products that increased, though
these are in the minority.
Relatively few products show consistent output gains from year to year,
and of those in this group that do, not
all are new items though all are classified
as fast growing. Of the 280 items
covered, only 15 show this behavior. In
most cases the recession changes, except
during the first postwar adjustment
period, have generally been below the
long-term rate.
605032—61
3
Year of peak output
Table 3 provides another way of
viewing the production changes of the
300 items by focusing on the years of
peak output. Not only do some rapidly growing products decline in recessions, as was indicated above, but some
fail to regain earlier peaks. Of the 70
items in the fast growing group, for
example, peak output was reached by
14 items in the boom years of 1955-57.
Of the moderately growing group, 10
percent had reached peaks prior to 1955,
and an additional 28 percent hit their
highs in the 1955-57 period. It was
during this period that business undertook its largest postwar expansion of
capital facilities. Moreover, the fact
that over half of the 300 items reached
output peaks at some time prior to
1958 is indicative of the excess capacity that has existed in many lines since
the 1958 recession and may be a major
explanation of the failure of investment
since then to attain the high rates of
1957.
17
Table 3.—Distribution of Peak Years of
Production for 304 Products, by Years,
1948-60
Prior
to 1955 1956 1957 1958 1959 1960 Total
1955
Fast
Moderate _
Declining
Total
1
3
5
6
14
19
16
4
78
4
7
3
93
26
28
13
1
8
46
70
29
60
142
1 37 106
304
92
In a number of instances, production of
the newer product in 1960 accounted
for 70 percent or more of the aggregate
output, and in a few cases the share
exceeded 90 percent.
The effect of the additional output on
the combined product, however, has
not been uniform. In some cases, the
enlarged production has contributed to
expansion while in others it has merely
helped to maintain output.
In textiles, the very rapid postwar
growth of synthetic fibers has been at
the expense of the natural fibers, consumption of which has been declining
since the early war years. As a result
of these offsetting movements, aggreImpact of new products on estab- gate fiber consumption in physical
lished lines
terms has shown relatively little change
since
the early 1940's.
An important factor contributing to
Not
all types of the manmade fibers
the growth of manufacturing producare
in
an
expansionary phase; the use
tion over the long term has been the
of
cellulosic
rayon and acetate has
continual development through research
been
moving
downward since 1955,
of a wide range of new products for
while
the
relatively
newer noncellulosic
industrial and consumer use. This has
fibers
as
a
group
have
shown consistent
been particularly true since the end of
strength
throughout
the
postwar period
World War II when newly developed
and
now
account
for
more
than twoproducts entered the market with
fifths
of
the
manmade
total;
as
recently
increasing frequency.
as 1955, the proportion was less than
Some of these new products are subone-fourth, and in 1948 it was below 6
stitutes and either compete directly
percent. Since 1945, the use of all
with or ultimately replace established
fibers has averaged about 6.4 billion
lines. Thus, manmade fibers are dipounds per year; 1960 usage amounted
rectly competitive with agricultural
to 6.5 billion pounds.
products such as cotton, wool, and silk,
By way of contrast, total demand for
while diesel-electric locomotives have
fruits and juices has continued to excompletely replaced steam locomotives.
pand as the new frozen products moved
Improved efficiency, better quality,
strongly upward and have accounted
broader usage, and cost considerations
for roughly all of the growth in the overare among the major factors in market
all total in the postwar years. Power
acceptance of the new relative to the
lawnmowers have made sharp inroads
regular line products.
on the hand mower market, but their
The introduction of the new or com- growth has more than offset the decline
peting product has been accompanied in the hand type. Much the same
by an expansion in output and an general market experience occurred for
increasing share of the combined pro- synthetic relative to natural rubber
duction of both new and old products consumption.
BY FREDERICK CUTLER AND CHRISTOPHER DOUTY
Foreign Capital Outlays and Sales of U.S. Companies
Expansion of Manufacturing Facilities at Peak Rate
Sales of Foreign Plants Continue Steady Rise
INITED STATES direct-investment
enterprises abroad are planning to spend
over $4.5 billion this year for plant and
equipment, and expect to maintain this
rate during 1962. Of this total, nearly
$4 billion is expected to be invested in
production facilities for manufactures,
petroleum, and raw materials of various
kinds, the remainder for utilities, trade
PLANT AND EQUIPMENT
EXPENDITURES ABROAD
U.S. Companies Project for 1961
Notable Expansion of
Manufacturing Facilities Abroad
Million $
BY AREA
10001
.
Europe
800
600
400
Canada
^
200
„.
Latin America
Other Areas
200 -
1957
58
59
60
61
{Anticipated)
U.S. Department of Commerce, 0*f<c3 o' 3'jsiness Economics
18
61-9-9
and distribution and service industries.
The 1961 amount exceeds the previous year's actual investment by more
than 20 percent, and approaches the
earlier high established in 1957 when
the petroleum industry was extremely
active abroad.
Capital outlays by U.S. manufacturing companies abroad are expected to
reach a new peak of $1.8 billion this
year, and are planned to continue at
this rate in 1962. This compares with
$1.3 billion spent in 1960, which was
close to the previous record high of 1957.
Expenditures by the petroleum industry for investment abroad are rising in
1961 to $1.8 billion, after 3 years of decline. Although planned expenditures
in 1961 would be far below the top of
$2.3 billion set in 1957, they would be
20 percent higher than in 1960. Capital
investment in mining is continuing to
hold steady at about $400 million, with
a slight decline expected in 1962.
Other industries, in the aggregate, are
expected to spend at a rate of nearly
$600 million in 1961 and 1962 for capital
equipment. This represents a slight increase over I960, accounted for by the
rising expenditures of trading and distribution firms.
Large Increase in Manufacturing Investment
U.S. manufacturing companies anticipate an increase of 30 percent in
outlays for capital equipment in 1961,
with only a small decrease from this
high now expected for 1962. All areas
but Canada show an upturn for 1961,
and most manufacturing industries
are increasing their outlays, the rest
remaining steady.
Europe.—Outlays in Europe—over
half of the total—are rising sharply in
both the Common Market countries
and the United Kingdom. In 1962,
expenditures are expected to drop
somewhat, particularly in Germany,
but will still be 40 percent over the 1960
level.
The United Kingdom still attracts
the greatest volume of capital investment, but with Germany now nearly as
high. Outlays in the Common Market
are expected to increase more than 50
percent in 1961. Over half of this increase is in the transportation equipment industry, most of it in Germany.
Anticipated outlays are up by 45
percent in the United Kingdom in 1961,
with this level of expenditures expected
to be continued in 1962.
Canada.—Outlays for manufacturing
in Canada are expected to remain
steady through 1962. The decrease
from the high of the 1957-58 period,
when outlays totaled more than $500
million each year, is caused by the decline in the primary and fabricated
metals and the paper industries, which
completed major additions to capacity
in those years.
Latin America.—Manufacturing outlays in Latin America are expected
to be about 40 percent higher in 1961
than in 1960, and are currently anticipated to continue high in 1962.
Capital expenditures in Argentina for
1961
will be the highest in Latin
America, followed by those in Brazil
and Mexico. More than half of the
Argentine expenditures in 1961 will be
made by producers of transportation
equipment. In Brazil, major expansion is continuing in the chemical and
transportation equipment industries,
while in Mexico the chemical industry
will have the highest outlays.
Manufacturing in the rest of the
world is concentrated in a few countries,
notably Australia, Japan, India, the
Philippine Republic, and the Union of
South Africa. Outlays in all but the
last are increasing, with Australian
companies expanding at the fastest
September 1961
SURVEY OF CURRENT BUSINESS
19
Outlays by other industries, exclud- Comparison with domestic outlays
ing companies engaged in international
Foreign plant and equipment exshipping, are holding at close to $600 penditures are becoming an increasingly
million annually in the aggregate. Con- large proportion of the overall capital
Petroleum and Mining
panies engaged in trade and distribu- investment programs of many U.S.
About $1.8 billion is expected to be tion continue to raise their capital manufacturing industries, as shown in
spent by petroleum companies abroad outlays, which are now substantial.
table 4.
in 1961, with slightly greater expendiIn 1961, they account for 18 percent
Outlays by utility companies are now
tures to be made in 1962. In addition, substantially less than in the 1957-59 of total domestic and foreign expendithese companies spend abroad about period because of the completion of tures in these industries, compared to
$400 million annually for exploration some pipelines and rapid changes in 13 percent in the previous year. The
and development which is charged Latin America, including the loss of most marked increase is in the transagainst income. The peak outlay, in Cuban properties and the sale of some portation equipment industry, which
1957, was $2.3 billion, exclusive of enterprises in Argentina and Mexico. plans to make 30 percent of its capital
expenditures charged against income.
Outlays in agriculture also are down expenditures abroad in 1961, compared
The 1961 expenditures represent an considerably from 1957.
with 20 percent in 1960. However,
increase of about $300 million over the
Expenditures of Direct Foreign Investments, by Country
prior year. Important are outlays now Table 1.—Plant and Equipmentand
Major Industry, 1959-62
being made in Europe for refining and
distribution facilities, and in North
1959
1961 *
1962 «
Africa, especially Libya, to develop new
producing areas. The high investment
.5
- q M
in these areas is expected to continue in
g
g
a 3 3 b'- 33
CM5 Bf
^
\FeaS
-^ 3 3^, ^ D
~
£
£ "~"
1962. A slight upturn is anticipated in
C"£
c~
^
2
c
c£
c3
B tt
•2%
o
investments in Latin America in 1961,
"£
2
s
- %
^
^
but the amount is still less than half of
437 1, 558 1, 147
426 1,467 1, 337
438 1,776 1,755
407 1,794 1,706
All areas, total
the 1957 total.
365
384
375
380
389
360
290
371
250
190
378
240
In Canada, capital expenditures by Canada
312
397
192
297
206
124
53
329
290
72
70
Latin
American
Republics,
total
256
petroleum interests are expected to
Mexico, Central America and West
23
29
39
7
53
20
23
2J
10
10
56
55
Indies, total
remain stable. Outlays in Asia are
12
13
Cuba !
(*)
8
8
1
1
1
1
40
5
37
9
51
Mexico
_
_
_
_
_
_
51
increasing in 1961, primarily in the pro2
22
1
19
1
17
2
23
5
2
Other countries
3
(*)
ducing fields of the Middle East, but
289
368
139
44
277
234
63
167
96
62
306
South America, total
201
35
103
28
51 (*)
52
Argentina
_
71
these are considerably below the levels
(*)
(*)
(*)
(*)
(*)
4
5
2
69
2
5
2
2
73
63
Brazil
72
41
30
25
5
3
22 (*)
3
4
Chile . _
(*)
of 1957-58.
(*)
(*)
31
25
25
21
16
12
34
rate. Expansion in India has been
uneven, depending on the activities of a
relatively few large companies.
r
r
acturing
1960
HI M
Mining investment steady
Capital expenditures in the mining
and smelting industry will remain
steady through 1962 at an annual rate
of somewhat over $400 million, plus
about $30 million of expenditures for
exploration and development charged
against income.
In Canada, expenditures are expected
to be about $40 million less in 1961
than the $290 million total for 1960, and
will decline to $190 million in 1962,
upon the completion of several large
mining projects. Outlays were relatively low in Latin America in 1960
because of the cessation of investment
operations in Cuba and because some
major expansions have been completed
in recent years, but larger outlays are
expected in 1961 and 1962, The initiation of several large development projects in West Africa and Australia
should require substantial investments
there for several years.
Colombia
Peru
Venezuela .
Other countries
Western Hemisphere dependencies
Europe, total
Common Market, total
Belgium and Luxembourg
France
Germany.
Italv
Netherlands
Other Europe, total
Denmark
Norway _ .
Spain
Sweden
Switzerland
United Kingdom
Other countries
Africa, total
North Africa
East Africa,
West Africa
Central and South Africa, total
Union of South Africa
Other countries
Asia, totaL_
Middle East
Far East, total
India..
Japan
_ ..
Philippine Republic
Other countries
17
280
8
7
14
1
(*)
11
(*)
(**)
17
160
6
9
17
3
(*)
30
(*)
(**)
32
175
(*)
13
3
(*)
23
(*)
(**)
23
52
1
24
44
1
25
50
1
450
214
8
46
138
11
11
236
1
4
3
3
4
218
3
2
(**)
(**)
(**)
(**)
(**)
345
145
20
32
55
18
20
200
17
21
3
17
4
100
39
608
328
15
66
205
20
22
2 s()
2
5
4
4
8
252
5
5
1
(**)
1
(**)
(**)
902
504
15
82
344
35
2-i
398
3
8
5
3
8
366
6
2
1
(**)
1
(**)
(**)
(**)
_
(**)
(**)
(**)
(**)
2
(**)
(**)
2
74
40
9
14
12
(*)
(*)
10
(**)
(**)
(**)
9
9
(**)
44
(**)
(**)
16
28
15
13
1
172
81
91
(*)
(*)
(*>
(*)
45
'}
42
6
22
12
2
(**)
44
(*)
(*)
60
13
13
. .
339
176
11
41
60
20
44
163
11
16
1
12
3
99
21
34
(**)
(**)
11
23
9
14
(*)
(*)
Oceania, total
Australia
Other countries
Internationa! shipping. .
(*)
47
(*)
(**)
100
(**)
(**)
12
19
9
115
75
10
(**}
23
10
(*)
(*)
(**)
(**)
10
8
2
176
76
101
(*)
(*)
(*)
(*)
72
13
60
16
30
11
4
66
(*)
(*)
56
55
2
65
4
(**)
(**)
4
61
(**)
(**)
36
12
13
(**)
(**)
(**)
25
2r>
470
229
8
41
87
72
22
241
22
8
7
28
4
123
4S
195
150
26
12
(*)
(*)
10
(**)
(**)
(**)
9
2
24
190
(*)
15
10
27
2
33
78
1
5
1
(**)
1
(**)
(**)
862
455
16
70
305
43
21
407
2
4
479
244
6
32
130
39
37
235
25
8
12
35
5
125
26
4
4
10
369
12
69
(**)
(**)
46
23
10
13
228
165
12
23
28
(*)
(*)
11
(**)
(**)
(**)
10
9
1
1
195
83
113
(*)
(*)
(*)
(*)
75
3
73
18
37
12
5
76
(*)
(*)
123
120
3
4
(**)
(**)
210
108
102
(*)
(*)
(*)
(*)
91
3
88
35
34
12
7
1
65
(*)
(*)
90
87
40
40
82
3
**
1
62
e
"Included in area total.
** Less than $500,000.
»• Revised.
Estimated on the basis of company projections.
1. Xo estimates have been made for expenditures in Cuba in 1960, 1961, and 1962.
NOTE.—Detail may not add to totals due to rounding.
SURVEY OF CURRENT BUSINESS
20
other manufacturing industries also are
increasing the proportion of their plant
and equipment expenditures abroad,
especially the machinery, primary and
fabricated metals, and food and beverage industries.
Expenditures for plant and equipment in foreign manufacturing are
rising faster than for the domestic
industry. The sharp divergence of
this trend from the domestic experience
is largely influenced by the transportation industry's expansion in Europe,
and to a lesser extent in Latin America.
Even in the other industries, however,
domestic expenditures in 1961 remained
practically unchanged, compared to
1960, while foreign expenditures show
a strong upward trend.
Comparison of Domestic and Foreign
Plant and Equipment Expenditures
By U.S. Companies-1957-61
MANUFACTURING*- Upsurge in Foreign
Expenditures Places Them Considerably
Above 1957; Domestic Still Below
Index, 1957
140
120
oreign
100
Domestic
80
60
PETROLEUM AND MINING - Foreign
Expenditures Show Recovery From I960 Low
120
100
80
-
60
1957
1958 1959 1960 1961
^
"*Excludes Primary Iron and Steel and
Petroleum Products.
U.S. Department of Commerce, Office of Business Economics
(Anticipated)
61-9-8
In the mining and petroleum industries, the trend for both domestic and
foreign expenditures is upward. Foreign expenditures, having dropped for a
longer period, are now rising at a faster
rate than domestic expenditures.
Inventories and Receivables
Increase
In addition to the larger sums required to finance plant and equipment
expenditures in 1960, as compared with
1959, inventories and receivables were
expanded.
Inventories were up about $800
million in 1960 in the mining, petroleum, and manufacturing industries,
about twice the amount for 1959. Most
of the accumulation took place in
manufacturing, with enterprises in
Europe accounting for more than half
of the total increase.
On an industry basis, the accumulation was greatest in transportation
equipment, accounting for about onethird of the manufacturing total. The
accelerated accumulation of manufacturing inventories in Europe, Australia, and the more developed countries
of Latin America reflects a rapid growth
of sales and some anticipated future
expansion. In the mining industry
there were some inventory accumulations, particularly in Canada. Petroleum companies increased their inventories slightly in 1960, after 2 years of
net liquidation.
Receivables also grew at an increased
rate in 1960, with about two-thirds of
the increase accounted for by the
manufacturing industry, and a considerable increase in receivables in the
petroleum industry.
Other assets were increased by some
$400 million in the three major industries in 1960, about half of the 1959
amount. The decline was shared by
all three industries, and could be noted
in most areas. A marked decline occurred in the manufacturing industry
in Europe, reflecting a drawing down of
these assets, primarily cash, by several
large automobile manufacturers to
finance the heavy investment in inventories and plant and equipment during
I960.
September 1961
Sources of Finandn
AN important aspect of the data on
sources and uses of funds of the direct
investment enterprises abroad, no\v
being collected annually by the Office
of Business Economics, is the broader
coverage of the financial resources utilized by U.S. business abroad. Some
of this information, related to funds
obtained from the United States and
those available out of retained earnings,
is similar to that collected for use in the
balance-of-payments accounts. However, much of the foreign activity of the
companies is financed out of depreciation and depletion charges of the foreign
SOURCES AND USES OF FUNDS
Direct Foreign Investments
SOURCES: Internal Financing
An Increasing Proportion
1
Billion $
2
3
Internal Sources - Retained
Earnings and
Depreciation
Charges
Funds
From U. S.
Funds
Obtained
Abroad
USES: Larger Requirements in 1960 for
Fixed Investments and Working Capital
Plant and
Equipment
Expenditures
Inventories,
Receivables,
and Other
Assets
0
1
2
3
Billion $
4
5
NOTE.-- includes only the manufacturing, mining and
petroleum industries.
U.S. Department of Commerce, Office of Business Economics
6I~9~IO
SUEVEY OF CURRENT BUSINESS
September 1961
21
enterprises, and through funds obtained
from investors and capital markets
abroad.
In 1960 about $5.1 billion was required by the manufacturing, mining,
and petroleum industries to expand
their fixed and other assets abroad.
Of this sum, nearly 60 percent was
provided from internal sources of the
foreign enterprises, including retained
earnings of $1.0 billion and depreciation
charges of $1.9 billion. External financing was obtained from parent
companies and others in the United
States ($1.0 billion), and from foreign
creditors and investors ($1.1 billion).
The volume of financing utilized in
1960 was about $250 million larger than
in 1959, but below the peak amount
of nearly $6 billion in 1957, the top
year of investment abroad.
Depreciation charges make the largest contribution to the cash flow of the
direct foreign investments. These
charges for the three major industries
amounted to nearly $2.0 billion in 1960
and are growing by about $150 million
annually.
At current levels, depreciation charges
in the aggregate finance about 60 percent of foreign plant and equipment
expenditures. In comparable domestic Table 3.—Plant and Equipment Expenditures of Direct Foreign Investments in
industries the proportion is higher,
Selected Industries, 1959-62
covering recently about three-quarters
[Millions of dollars]
of manufacturing requirements, and a
1959 r 1960 * 1961
1962 •
still higher proportion for the petroleum
and mining industries.
All areas, total _
592
563
559
591
Agriculture _
79
73
66
63
About $950 million of the depreciaPublic utilities *
143
191
141
126
Trade
256
291
198
312
tion charges for 1960 originated in the
Miscellaneous
95
87
93
91
petroleum industry, including about Canada, total
170
225
208
190
Agriculture
- _ __ ._
35
35
38
35
$50 million for depletion.
These
Public utilities
35
85
55
50
45
Trade.
65
60
55
charges were equal to over half of the
M iscellaneous
55
45
50
50
industry's capital expenditures, match- Latin America, total
125
214
150
151
Agriculture _ .
. _.
37
30
20
20
ing present outlays for plant and
Public utilities
65
128
40
65
Trade
_ _ .__
31
35
45
45
equipment in Latin America, but falling
20
Miscellaneous
20
21
18
much below the amount required for Europe, total
115
137
147
166
(**)
(**)
(**)
(**)
Agriculture _ __
this purpose in Europe.
5
5
5
6
Public utilities
Trade
125
135
155
101
Depreciation charges by manufac7
7
6
8
Miscellaneous
turing enterprises were about $800 Other areas, total
64
72
85
86
8
g
7
8
Agriculture
million in 1960, and are growing Public
22
6
13
utilities l
16
21
36
Trade46
57
rapidly in line with the expansion of
Miscellaneous
14
15
15
15
the industry. However, sharply inr
Revised. • Estimated on the basis of company projeccreased requirements of funds for capital tions.
**Less than $500,000.
1. Excludes international shipping.
investment, as well as for inventory
expansion, caused these companies to
obtain a larger proportion of their facturing in I960, over $740 million
financing from external sources abroad was accounted for by manufacturing
enterprises. Net earnings in this
and retained earnings.
industry increased by about $100
Retained earnings
million in 1960, and most of this
Of the $1.0 billion of retained earn- increase was reinvested. This increase
ings in mining, petroleum, and rnanu- took place in all areas except Canada,
where the amounts earned and reinvested were somewhat lower than in
Table 2.—Plant and Equipment Expenditures Abroad by U.S. Manufacturing Companies,
1959.
by Area and Major Commodity, 1959-62
In the petroleum industry retained
[Millions of dollars]
earnings increased somewhat to $150
Other
Rubber Primary Machin- Electrical TransPaper
Food
million, although remaining much below
Total prod- and allied Chem- prod- and fabri- ery, ex- machin- portation manuAreas and years
ery
cated
cept elecequip- facturing
ucts
ucts products icals
the peak of $.8 billion in 1957. Earnment
metals
trical
ings of this industry increased by about
All areas, total
14 percent in 1960, but petroleum
114
96
228
109
127
82
232
76
1,147
83
1959
152
104
336
132
133
68
1960
1,337
97
78
237
companies
continued to obtain their
148
142
530
179
176
1961 •
1,755
142
79
71
288
150
128
519
182
167
74
112
1962 •
_ _ 1,706
73
301
financing largely from depreciation and
Canada
depletion funds, and capital flow from
43
27
65
65
10
14
22
389
65
78
1959 *•
63
50
30
49
17
75
15
384
55
30
1960
the
United States.
45
35
45
22
50
66
18
371
30
60
1961 «
45
55
28
22
65
1962 «
28
62
16
378
57
Retained earnings by mining comLatin America1
panies declined slightly in 1960, al15
41
20
6
52
16
193
20
8
16
1959 «•
._
11
31
18
47
24
7
12
8
49
207
1960 *•
though the net income of these com28
11
6
27
86
44
20
58
9
1961 •_.._
290
27
24
21
9
63
33
7
12
60
1962
257
panies rose sharply. However, with
Europe:
the completion of several major projects
Common Market
62
19
9
61
21
2
214
16
4
20
1959
in Latin America, the need for financing
2
11
72
21
23
128
44
10
17
328
1960 r
12
99
35
218
28
3
7
72
504
31
1961
was
diminished in that area, where a
206
30
12
83
30
3
6
21
65
455
1962 « .Other Europe
large
part of the industry's earnings
22
26
17
30
40
5
60
23
13
236
1959 r
24
74
18
35
42
50
3
15
280
18
I960
___
originate.
31
143
33
4
41
14
55
e
r
r
r
e
T
e
r
1961 •
1962 e
Other areas
r
1959 T
1960
1961 •
1962 «
398
407
26
20
4
50
65
25
47
43
31
138
34
115
139
191
209
11
8
11
9
3
12
4
3
22
28
41
48
19
16
19
16
7
13
39
37
6
10
11
11
16
16
15
15
20
23
38
57
11
12
13
13
r
Revised.
« Estimated on the basis of company projections,
rounding.
1. Includes Western Hemisphere dependencies.
NOTE.—Detail may not add to totals because of
External financing
Funds provided by parent companies
and others in the United States were
moderately lower in 1960 than in the
preceding year, with each of the major
SURVEY OF CURRENT BUSINESS
22
Table 4.—Domestic and Foreign Expenditures for Plant and Equipment in Selected
Industries, 1959-61
[Amounts in millions of dollars]
1
i^
CJC
ro
Mining and petroleum, total
5, 475 3, 480 1,995
36 5,523 3,630 1,893
Selected manufacturing industries,l total
Primary and fabricated metals
Electrical machinery
Machinery, except electrical
Transportation equipment
7,373 6,340 1,033
1,127 1. 000
127
616
96
520
109
1,019
910
228
1,258 1,030
14
11
16
11
18
713
630
1.462 1, 230
266
190
830
_ . 912
Paper and allied products
Chemicals
Rubber products
Food products
_
83
232
76
82
8, 785
1, 143
784
1,232
1, 646
7,600 1,185
1,010
133
104
680
132
1, 100
1,310
336
750
12
828
16 1, 837 1, 600
29
298
230
9 1,017
920
78
237
68
97
Foreign
o
o ^-^
Domestic
fa£
Ex icnditures— 1961
Expenditures— 1960
Percent of
foreign
to total
13
o
Domestic
Expenditures— 1959 r
o
1
o fci "^
34 5, 984 3,770 2,214
37
9,007 7, 400 1,607
880
1, 056
176
822
142
680
1,279 1,100
179
1,700 1,170
530
18
17
17
14
31
13
12
13
11
20
9
799
720
13 1,938 1, 650
23
291
220
980
10 1,122
79
288
71
142
10
15
24
13
r
Revised.
1. Excludes primary iron and steel producers.
NOTE: Foreign expenditures include acquisitions of existing fixed assets, which are excluded from the domestic series.
Table 5.—Sources and Uses of Funds of Direct-Investment Enterprises, by Area and
Selected Industry, 1958-60
[Millions of dollars]
SOURCES OF FUNDS
Total sources
Funds from Funds obtained
abroad 1
United States
Net income
Area and industry
Depreciation
and depletion
r
1958r 1959' 1960 1958r 1959r 1960 1958 1959r 1960 1958r 1959r 1960 1958r 1959' 1960
All areas, total .
Mi nine,' and smelting
Petroleum.
Manufacturing
Canada, total
Minine and smel tingPetroleum
M anuf acturing
6,441 6,774 7,336 2,611 2,837 3, 255 1,065 1,181 1,046 1,150
985 1, 108 1, 615 1,771 1,927
669 873 1.015 242 372 519
3,307 2,893 2, 930 1, 325 1, 196 1,366
2, 465 3,008 3,391 1,044 1,269 1, 370
227
529
309
184
528
469
158
454
434
55
623
472
155
255
575
147
153
808
145
830
640
162
914
695
191
957
779
371
202
138
31
235
35
103
97
202 -22
13
95
45
41
66 -80
508
50
178
280
556
67
189
300
602
75
207
320
345
61
24
308
435
75
300
60
471
74
327
70
522
92
350
80
1,707 1, 845 1,737
225 395 447
591 441 549
891 1,009 741
541
62
76
403
711
112
99
500
786
157
159
470
423
78
234
111
376
121
112
143
238
89
36 -60
132
24
70 125
Latin America, total 2
Mining and smelting
Petroleum
Manufacturing
_ -
1,650 1,470 1,745
342 343 332
914 702 730
394 425 683
653
127
409
117
655
187
333
135
789
239
380
170
272
130
75
67
Europe, total
__
Mining and smelting
Petroleum
Manufacturing.
._ ... _ _ 1, 539 1,877 2,061
12
12
11
640 578 493
887 1,287 1, 557
503
8
105
390
620
8
116
496
658
10
87
561
162 381 513
1 (**) (**j
65 150
96 231 240
511
2
348
161
447 433
-^
3
144 -12
300 446
363
1
122
240
429
1
168
260
457
1,545 1,582 1,793
90 123 225
1.162 1, 172 1,158
293 287 410
914
45
735
134
851 1,022
65 113
648 740
138 169
208
18
155
35
114
8
42
64
230
11
160
59
352
74
144
134
309
19
230
60
315
20
230
65
346
22
255
69
.
Other areas, total
Mining and smelting
Petroleum. _ _
M anufacturing
186
27
134
25
73
16
19
38
290 106
10
46
130 -90
150 150
145
310
September 1961
industries shown in table 5 drawing
somewhat less on this source. However, within the principal regions there
was a considerable variation in behavior.
Where investment activity was not
expanding, a more than proportional
drop occurred in parent company
financing, with other sources making
up the difference. This was characteristic of manufacturing investments in
Canada, mining and petroleum investments in Latin America, and petroleum
investments in the Middle East. On
the other hand, an increased flow of
funds from the United States was
required to finance accelerated investment programs in Latin American
manufacturing, petroleum refineries and
other facilities in Europe, and the
development of new mining properties
in Canada.
Funds obtained abroad
Foreign creditors and investors provided about $1.1 billion of financing in
1960 for the three major industries,
about $120 million more than in 1959.
This type of financing used by manufacturing companies increased more
than $230 million, to a total of more
than $800 million. Manufacturing enterprises in Europe and Latin America
SALES OF MANUFACTURES BY DIRECTINVESTMENT ENTERPRISES ABROAD, 1957-60
Transportation Equipment and Paper
Products Show Strongest Growth
USE OF FUNDS
Total uses
Area and industry
Property, plant,
and equipment
1957=100
Inventories
Receivables
.
1958 r
Other assets 3
Income paid
out
i
1959'- 1960 1958 r| 1959 r 1960 1958'
1959 r
1960 1 958 H i 959 - 1960 1958'
1959 r
1960 1958' 1959 r 1960
140
6,441 6, 774 7, 336 3, 561 3, 142 3, 230 -33
378 793
358
487 661
661
818 390 1,894 1,949 2,260
Mining and smelting. 669 873 1,015 427 437 426 -30
Petroleum
3, 307 2,893 2, 930 1,834 1,558 1,467 -55
52
Manufacturing
2,465 3,008 3, 391 1,300 1, 147 1,337
37 96
— 8 20
349 677
15
167
176
67 37
65 164
355 460
47
200
414
79 41 210 253 413
192 58 1, 161 1,086 1,221
547 291 523 610 626
93
58
5
30
92
1
56
35
118 60
26 -10
12 25
80 45
235
5
57
173
202 160
50 25
— 5 60
157 75
344
59
70
215
352
61
58
233
390
84
99
207
17 25
108
33
19 -50
36 -35 -50
39
33 125
511
101
356
54
480
134
288
58
684
251
359
74
189 372
1 (**)
41
86
147 286
70
1
29
40
291
10
95
186
383
11
125
247
361
9
87
265
227 135
10 65
146 19
51
748
40
640
68
734
47
615
72
825
69
676
80
All areas, total
1,707 1, 845 1,737 1,128 1,009 1,034 -92
Canada, total
. _
Mining and smelting. 225 395 447 165 240 290 — 5
22
Petroleum.
591 441 549 430 380 360
Manufacturing
891 1,009 741 533 389 384 -65
164
18
—4
150
1,650 1,470 1,745
Latin America, total 2
Mining and smelting. 342 343 332
914 702 730
Petroleum
394 425 683
Manufacturing
967
218
548
201
789
147
449
193
12
625
89 124
18 22
78 -20
340 -17 -30 -24
49 101 126
207
52
10
—9
51
95 287
25 31
30 105
40 151
Europe, total
_ _ _ 1,539 1,877 2,061
11
Mining and smelting.
12
12
Petroleum.
640 578 493
Manufacturing
887 1,287 1, 557
872
2
414
456
791
2
339
450
18
94 453
(**) (**) (**)
5 29
-20
345
38
89 424
608
169
—1
110
60
237 220
-1 -3
3
23
215 220
Other areas, total
1,545 1,582 1,793
Mining and smelting^
80 123 225
Petroleum.
1,162 1,172 1,158
Manufacturing
293 287 410
594
42
442
110
553
48
3PO
115
616
56
422
138
**Less than $500,000.
Revised.
1. Includes miscellaneous sources.
r
955
29
-5
4
30
31 123
1 16
21
10
97
37
45
17
5
10 (**)
30
20
94
19
31
44
129
8
66
55
2. Includes Western Hemisphere dependencies.
3. Includes miscellaneous uses.
f 7 9 6 0 Amounts in
$ Millions)
Transportation
Equipment
($6,170)
Paper Products
($1,260)
Chemicals
($3,290)
130
120
TOTAL
MANUFACTURING
($23,570)
Machinery
($4,770)
Food Products
($2,920)
110
100
1957
Primary and
Fabricated Metals
($1,680)
1960
U.S. Department of Commerce, Office of Business Economics
61-9-il
September 1061
each obtained an additional $150 million from this source. Canadian manufacturing companies decreased their
outstanding liabilities by $80 million,
reflecting their reduced need for working capital.
Petroleum companies further reduced
their use of foreign financing as the
growth of internal sources of funds
continued to outstrip the need of funds
for investment. The decline was largest
in Europe, where there was a slight
decrease in foreign liabilities in 1960.
It is noteworthy that the manufacturing and petroleum industries di-
SURVEY OF CURRENT BUSINESS
verged in the utilization of local financing in Europe in 1960, when higher
short-term interest rates in that area
were attracting very large amounts of
liquid funds from the United States.
The data in table 5 suggest that the
manufacturing companies, needing exceptionally large amounts to finance
additions to both fixed assets and
working capital, drew heavily on local
sources, while the petroleum companies,
not confronted with larger financing
requirements, tended to advance funds
from the United States.
Manufacturing Production Abroad by U.S. Companies
JL OTAL sales of manufactures by the
foreign subsidiaries and branches of
U.S. companies were valued at $23.6
billion in 1960. This was a gain of
some 12 percent over the previous
year, and over $5 billion more than
their sales in 1957, the first year for
which data are available.
Output of U.S. companies in Europe
is gaining rapidly, advancing by 22 percent from 1959 to 1960, and accounting
for 60 percent of the overall increase in
foreign sales since 1957. Sales of Canadian plants have increased moderately as shown in table 6, matching the
lower pace at which industrial production in that country has been growing.
Most of the recent gain in output in
Latin America is in the production of
automobiles, especially in Argentina.
On a commodity basis, increased
output of transportation equipment accounted for over $1 billion of the total
$2.5 billion 1959-60 increase in manufacturing sales of foreign plants. Increased output in the machinery categories, and in chemicals, was also
substantial, and each of the other major
lines of manufactures registered gains.
23
Table 7.—Production Abroad by DirectInvestment Mannfactaring Enterprises,
by Selected Countries, 1957, 1959 and
1960
[Millions of dollars]
1957
All areas, total..
1959
1960
18 331
21 100
23 570
Canada _ _
7 897
8 670
8 920
Latin America, total 3
Argentina
Brazil..
Mexico
._
Venezuela
Other countries 2. .
2 435
2 830
3 180
Europe, total.. ...
Belgium, Netherlands, and
Luxembourg . .
France
Germany..
Italv
United Kingdom
Other countries .
6, 313
7,690
9,310
416
763
461
789
1, 116
1 572
1, 835
3 303
4 050
4, 715
1,685
1,910
2,160
1 085
118
300
263
141
292
304
Other areas, total
- ...
Australia
Japan
Philippine Republic
Union of South Africa
Other countries
385
659
613
26S
480
230
485
7S7
217
426
764
751
364
525
244
574
933
240
696
879
770
360
475
602
965
350
843
290
140
305
340
1. Includes Western Hemisphere dependencies.
2. Includes production in Cuba amounting to $149 million
in 1957, and $181 million in 1959, but excludes Cuba in 1960.
rose from $18.3 billion to $23.6 billion.
While this comparison is indicative
of the rough magnitudes and trends involved, it must be noted that the commodity makeup of U.S. exports of
manufactures is different from that of
Comparison tvith exports
foreign production, and experience also
Between 1957 and 1960, exports of varies in different foreign markets. In
manufactures l from the United States addition, sales of the foreign plants
advanced from $10.8 billion to $11.3 often include a substantial amount of
billion. In 1958 and 1959 such exports materials or components exported from
were under $10 billion a year. In the the United States.
same period production in the U.S.In table 8, the trends for some specific
owned manufacturing plants abroad major commodities are shown in principal areas. For these major manufacSees. 5 to 8, inclusive, of the Standard International Trade
Classification.
tures, export growth from 1957 to 1960
was significant mainly in Europe and a
Table 6.—Sales of Manufactures by Direct-Investment Enterprises Abroad, Principal
few countries elsewhere. Exports of
Commodities, by Areas, 1957, 1959, and 1960
these items to Western Hemisphere
[Millions of dollars]
markets were considerably reduced. In
Food
ElecRub- Primary MachinPaper
Transpor- Other
Manutrical
tation
prodber and fabri- ery, exthe same period production of these
facturing, prod- and allied ChemArea and years
prodcated
cept elec- machinucts
equipproducts
icals
total
ucts
trical
ery
metals
commodities in local plants rose subment
ucts
stantially in each of the areas shown.
All areas, total
The strong growth of overall demand
1,889
4,228
2,047
18, 331
1,903
2, 457
881
2, 41 1
968
1,548
1957.
. ..
2, 100
2, 100
5, 140
21, 100
2, 200
1959
2,810
1, 170
1,590
1,040
2, 950
in
Europe supported increases in both
2. 280
6, 170
2,310
1960
23, 570
2, 920
2,490
1, 260
1,680
1,170
3,290
exports
from the United States and in
Canada
927
928
1 , 488
842
695
1957
7 897
769
897
272
1, 080
local
production,
but the volume of
1, 030
880
1959
.
8. 670
760
1, 600
1, 030
950
1,060
1,070
290
1,040
950
8. 920
780
1, 650
1,020
920
1. 100
1, 150
310
I960...
local production by U.S. companies of
Latin America 1
these commodities, and especially of
66
2, 435
111
190
375
292
1957
608
55
499
239
80
190
470
340
1959
2, 830
740
60
100
260
5^0
automobiles,
is far greater than U.S.
100
240
3, 180
710
310
70
280
100
I960
750
620
Europe
exports
to
this
area. In the Canadian
1,009
678
34
822
639
6, 313
734
262
435
1,700
1957
] , ()50
290
1,210
770
2, 350
1 959
7. 690
50
470
740
760
market,
exports
of these manufactures
1, 420
890
2,970
880
9 310
900
60
590
360
1, 240
1960
changed
little
over
the period, while
Other
133
99
23
665
116
1,686
188
193
195
75
1957
local
production
of
chemicals, auto1.910
30
150
110
720
200
250
70
140
1959
240
30
190
110
220
2, 160
250
70
840
170
1960
280
mobile?, and nonelectrical machinery
showed moderate improvement.
1. Includes Western Hemisphere dependencies.
1
SURVEY OF CURRENT BUSINESS
24
September 1961
Exports of major manufactures to
Latin America declined in most categories from 1957 to 1960, as production
within the area by U.S. companies continued to expand. For some items,
principally machinery and others requiring comparatively advanced technology, exports remain larger than local
production, but for such important
categories as chemicals, automobiles,
and some type of machinery, sales of
the local plants are larger.
For each of the commodities included
in table 8, production in U.S.-owned
plants abroad has been expanding faster
than exports. The divergence is striking for transportation equipment (excluding aircraft), exports of which declined from 1957 to 1960 while foreign
production rose 50 percent; exports
of electrical machinery also declined
slightly as production abroad increased.
These data suggest that the growth
of production in U.S.-owned plants
abroad is a considerable influence on
the commodity makeup and direction
of U.S. export trade.
Table 8.—Exports From the United States and Production by Direct Investments Abroad
of Selected Manufactures, by Area, 1957 and 1960
Comparatively little of the goods
manufactured abroad is exported to
the United States, except for traditional
items such as Canadian paper and pulp
or aluminum. Only about $200 million
of the items manufactured in Europe
by U.S. companies was exported to the
United States in 1957, and a recent
survey of a representative group of
companies showed that the amount in
1960 may have been smaller.
Expansion in Incomes
(Continued from page 4)
financing. The needs for this lessened
as business fell.
profits had been reached in the first
quarter of 1960 when total earnings
were at an annual rate of $47K billion.
With corporate taxes taking about
one-half of aggregate earnings, aftertax profits amounted to $23 billion in
the second quarter.
Roughly two-thirds of the advance
in corporate profits from the first quarter occurred in manufacturing, as sales
and profit margins rose in a number of industries. Earnings of automobile manufacturers showed marked
improvement from the low winter
quarter, and
profits
in
several
other hard goods lines increased substantially. The recovery extended to
some of the major nondurable industries
as well as to nonmanufacturing generally.
With these new profits data at hand,
the national income for the second
quarter is estimated at $426 billion.
This is an alltime record annual rate,
$14 billion above the first quarter, and
$7 billion higher than the previous
peak of $419 billion reached in mid1960.
Profits turn upward
Reflecting the advance in economic
activity, corporate profits rose sharply
in the second quarter, reversing the
sharp setback of the preceding year.
At an annual rate of $45% billion,
pretax earnings were $5K billion higher
than in the first quarter and only a
little lower than a year earlier. The
previous cyclical peak of corporate
[Millions of dollars]
All areas, total
Commodities
Latin America J
Canada
Other areas
Europe
1957
1960
1957
1960
1957
I960
1957
1960
1957
Selected manufactures:
Foreign production
U S. exports
11, 557
7 212
15,400
7, 522
4, 432
1,804
4,930
1,799
1,369
2, 536
1 , 950
2, 097
4, 471
1,235
6, 880
1,845
1.285
1,638
1,640
1,781
Chemicals:
Foreign production
U.S. exports
2.411
1,376
3,290
1,661
897
246
1, 150
Til
499
457
620
420
322
353
1,240
561
193
320
280
403
Rubber products:
Foreign production
U S exports
963
300
1,170
372
272
43
310
62
239
62
280
74
262
97
360
153
195
98
220
83
Machinery, except electrical:
Foreign production
U.S. exports
_ _ _ _ _ _
1,903
3,160
2, 490
3, 295
695
876
780
824
66
1,007
100
833
1,009
567
1.420
806
133
710
190
832
Electrical machinery:
Foreign production
U.S. exports
2,047
810
2,280
793
1,080
246
1,040
230
190
291
240
235
678
114
890
171
99
160
110
157
Transportation equipment:
Foreign production
U.S. exports 2
4 2°8
1.566
6,170
1, 401
1,488
393
1,650
406
375
719
710
535
1,700
104
2,970
665
350
840
306
154
1960
1. Includes Western Hemisphere dependencies.
2. Excludes civilian aircraft.
NEW OR REVISED SERIES: Inventory-Sales Ratios of Manufacturing and Trade Firms
Manufacturing
Year and month
July
June
July
1960
1961
Total
manufacturing
and
trade
Nondurable goods industries
Durable goods industries
Total
Total
Purchased Goods- Finished
inmaterials
goods
process
1.53
1.80
2.18
0.59
0.86
1.48
1.49
1.73
1.72
2.06
2.05
.52
.82
.81
.52
0.73
.72
. 72
Total
Purchased Goods- Finished
materials
ingoods
process
Total
NonDurable durable Total
goods
goods
NonDurable durable
goods
goods
1.45
0.58
0.20
0.68
1.06
1.57
0.77
1.40
2.10
1.08
1.43
1.43
.55
.55
.20
.20
.67
.67
1.06
1.08
1.54
1.58
.81
.83
1.35
1.37
1.98
2.01
1.07
1.08
1. Based on end-of-month inventories, seasonally adjusted, and seasonally adjusted sales for the month.
Retail trade
Wholesale trade
BUSINESS STATISTICS
WlontLi
JL HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
July
June
August
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT t
Seasonally adjusted quarterly totals at annual rates: t
National income, total
bil. of dol
Compensation of employees, total _
Wages and salaries, total
Private
ATilitary
Government civilian
__ _
Supplements to wages and salaries
do
do
do
do
do
do
Proprietors' income, total d71
Business and professionalc?...
Farm
- Rental income of persons..
Corporate profits and inventory valuation
ment, total
__
bil.
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax_
Inventory valuation adjustment
419.0
416.5
412.2
426 0
296. 0
273.2
224.2
9.9
39.1
22.7
294. 0
271.3
221.6
10.0
39.7
22.7
292.6
270. 1
219.7
10.1
40.3
22.5
300
277
226
10
41
22
2
3
0
1
2
9
do
do. _ _
do
do
adjustof dol. _
do _ _ .
_do_. _
do
do
48.7
36.3
12.4
11.7
49.0
36.3
12.7
11.7
48.9
36.0
12.9
11.5
49 2
36 3
12 9
11 5
44.1
43.2
21.4
21.7
.9
42.9
42.6
21.1
21.4
.3
40.0
39.6
19.6
20.0
45 5
45.2
22 4
22.8
3
do__ _
18.6
18.9
19.2
19 6
505.1
504.5
500.8
516 1
329.7
43.4
152.7
133.6
332.3
43.8
153.1
135.4
330.7
39.4
153.7
137.5
336 1
42 0
154 1
139 9
_do__ _
do_ __
do. __
do
70.5
40.4
27.7
2.4
65.6
40.7
26.7
1.9
59.8
39 6
24.2
4 0
68
41
24
2
Net exports of goods and services
do
Exports.
do
Imports.
_ do.. _
Government purchases of goods and services, total
bil. of dol..
Federal (less Government sales)
_ _ d o ...
National defense9
do
State and local __
_
do. _
3.0
26.8
23.8
5.1
27.6
22.4
27.6
22.3
39
26 4
22 5
101.9
54.0
45.4
48.0
101.6
53 0
45.7
48 6
105.0
54 7
47.2
50 3
107 3
56 6
48 8
50 6
Net interest
--
C7ross national product, total. _ _
do
Personal consumption expenditures, total... do
Durable goods
do
Nondurable goods
_do_ _
Services
do
Gross private domestic investment, total. _
New construction
Producers' durable equipment
C hange in business inventories.
.4
5.3
8
3
7
8
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
do
do
do
405.1
50.8
354.4
405.4
50.5
354. 9
404.7
50.3
354.3
413 2
51 4
361.8
Personal saving§
do
24.6
22.7
23.7
25 8
bil. of dol—
GNP in constant (1954) dollars
Gross national product, total
:.:;;;:;;;;;;;;;
440.2
438.4
Personal consumption expenditures, total... do
Durable goods..
do
Nondurable goods__
do __
Services
do
298.6
40.8
142.0
115.8
299.6
41.6
141 3
116.6
Gross private domestic investment, total _ _ d o
New construction
do
Producers' durable equipment
__.do ...
Change in business inventories
do
58.6
33.6
22.7
2.3
54 9
33 9
22 1
—1 1
49 6
32 9
19 9
—3.2
1.6
3.5
3.3
Net exports of goods and services
do
433.2
297.0
37.6
141 6
117.8
;;,:;;; =
445.5
301.6
39.8
142 6
119.2
57
34
20
2
3
1
3
9
19
Government purchases of goods and services, total
bil. of dolFederal
do „
State and local
do
81.3
80.3
83.3
84 7
44 7
42.9
41 6
43 1
38.4
38.7
40.2
40.0
' Revised.
t Revised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1960 (and prior to May 1960
for personal income) appear on p. 6 ff. of the July 1961 SURVEY.
^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
605032°—61-
S-l
SURVEY OF CURRENT BUSINESS
S-2
September 1061
I960
Unless otherwise stated, statistics through 1058 and
descriptive notes are shown in the 195!) edition of
BUSINESS STATISTICS
July
1961
August SeptemOctober I*™™ber
Decem-
Janu-
ber
arv
™;"-
March
April
May
July
June
August
1
1
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE!
Seasonally adjusted, at annual rates: t
Total personal income
bil. of dol
Wage and salary disbursements, total
do
Commodity-producing industries, total
do —
Manufacturing only
do
Distributive industries
..
- -.do
Service industries
do
Government
.. _ _ do_
Otber labor income
do
Proprietors' income:
Business and professional
do
Farm
-- ..
_do_.
Rental income of persons
do
Dividends
do
Personal interest income
-do
Transfer payments
. . . do ..
Less personal contributions for social insur_--do
Total nonagricultural income
-~ - - -
-do
404.7
405.2
405.5
406.4
406.0
404.0
403.6
403.1
i 405. 5
407. 3
409.8
413.2
417.3
'421.2
273.6
111.3
88.0
72.6
41.1
273.2
273.0
272.9
109. 5
86. 3
72.4
41.4
49. 6
11. 1
269. 6
106. 2
83.8
71.8
41.6
50.0
11.0
269. 5
105. 6
83.5
71.8
41.7
50. 4
10.7
271. 1
106. 5
84. 1
71.8
42. 1
50 7
10.6
274. 6
109. 1
86 1
72.3
42.3
51.0
10.7
110. 5
87.6
72.9
42.5
51.3
10.8
280. 7
112.7
88.9
73.5
42.9
51.6
11.0
r 282. 3
M13.2
r
89. 3
48.6
10.9
110.0
86.7
72.3
41.3
49.4
10.9
269. 6
106. 2
84.0
71.8
41.7
49. 8
11.3
277.2
110.2
86.9
72.6
41.2
49.1
10.9
271. 5
108.3
85.4
72.0
41.5
49. 7
11.2
^43. 3
'51.8
11.1
113. 1
89.2
74.2
43.6
52.0
11.1
36.3
12.3
36. 3
12.4
36. 3
12.4
36.4
12.5
36. 4
12.8
36. 0
12.8
36 0
12.8
35. 8
12.9
3'). 0
13.0
36. 1
12.9
36. 3
12.9
36.4
13 0
36.6
12.9
36.6
12.9
11.7
14.0
26.3
28 8
9.3
11.7
14. 1
26.4
29.3
9.3
11. 7
14.3
26. 6
29. 8
9.4
11. 7
14.4
26. 6
30.2
9.3
11.7
14.4
26 7
30.7
9.3
ll.fi
14. 1
26 7
31 0
9. 2
11.6
14.2
26 8
31.1
9.6
11.5
14.2
2 ( i. 8
31. 1
9.4
11.4
14.2
26. 8
1
33. 7
9. 6
11.5
14.2
26.8
32. 5
9. 6
11.5
14.2
27.0
33.0
9. 7
11.5
14.3
27.1
33. 0
9.8
11.5
14.3
27 2
T i 35. 2
9.8
11.5
14.3
27.4
32.4
9.8
388.3
388.7
389. 0
389. 8
389.1
387.2
3S6. 8
386. 2
390. 4
392. 9
396. 4
400. 2
i 404. 0
402.0
8.61
2 r 8. 80
39.58
3 46
r
1 . 58
r
1.88
r3.44
r 1. 54
3 90
1 75
2.15
.26
. 18
.48
1.39
r.24
-.15
'.53
1
r 1 418. 6
r 74. 0
r
419.3
282.8
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
Ml industries
T)
hi
M r !
T
d
hi
bil of dol
:
do
' d i t '
d i d
t ~p
Railroads
Transportation otber than rail
Public utilities
do
Mining
Railroads
pr^u 1 1nc ucu
t rt'
i ,. '
do
i
lo
lo
.. -
"
9.53
7.57
r
3.62
1.80
1.81
4 01
1 95
2.06
3 00
1 41
1.59
r
.24
9 09
.21
. 17
.41
1 09
2 69
35. 90
35 50
33 85
r
14. 65
7.35
7.30
14 40
6 85
7 55
13. 75
6 50
7.25
r
1.00
1.00
1.90
5. 60
11.75
90
1 . 00
1 80
5 70
11 65
.95
.70
1 75
5 35
11.30
.25
.24
.47
1. 50
2 91
do
do
do
do
Seasonally adjusted
quarterly totals at annual rates:
All Industrie 5 '
bil of dol
D uraj.ie
'hi g VK
d ' ,d . f-, 'p<^, ~~ ~ ~
8.98
lo
q
95
.46
1 58
r
1.90
•>• 2. 85
.28
.13
.47
1.68
3 12
33. 50
2 r 34. 80
3 35. 90
13. 50
r
6 20
r
7 30
>• 1 3. 75
r
6. 15
r
7. 65
14.20
6 35
7 85
1 00
r
. 70
1 80
r
5 50
r
11 05
95
. 60
r 2. 05
r
5 95
rll.50
r
r
r
r
i-1.59
r
r
1 05
.50
1 90
6 05
12 20
FARM INCOME AND M A R K E T I N G S ^
Cash receipts from farming, including Government
payments, total . ..
___
.-.mil. ofdoL
Farm marketings and CCC loans, total
Crops
do .
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49 = 100
Crops
-do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49 = 100
Crops
doLivestock and products
do
2,802
3,023
3,375
4,336
3,847
3, 268
3,123
2,272
2.278
2. 171
2,478
' 2, 568
2, 785
2,738
2,992
1,397
1, 595
379
902
282
4, 036
2,181
1,855
393
1,100
339
3,767
2,073
1 691
379
964
338
3.221
1.624
1 597
403
854
316
3.077
1.316
1, 422
389
759
250
3, 353
1 , 71 5
1 , 638
379
926
298
1.448
1 629
409
938
247
2, 250
788
1,462
377
819
238
2 259
607
1 652
424
924
279
2. 137
618
1,519
417
823
249
2, 236
615
1.621
448
897
256
2, 447
915
1, 532
427
832
246
2.714
1.289
1,425
411
748
243
112
123
104
123
130
117
138
160
120
166
203
136
155
193
124
132
151
117
126
135
120
92
74
107
93
57
121
88
58
111
92
57
119
100
85
112
111
120
105
132
143
124
143
148
140
156
174
142
191
236
156
176
222
142
146
168
130
144
163
131
102
81
118
103
57
137
97
53
130
106
52
147
120
90
142
131
134
129
INDUSTRIAL PRODUCTIONt
Revised Federal Reserve Index of Quantity Output
Unadjusted, total index (including utilities)!
1957-100.
By industry:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
_
do.
Minin?
do
Utilities
do
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, includine defense
do
do
do
do
do
103
107
108
110
106
101
102
103
104
107
108
111
106
pill
103
99
109
94
106
98
117
98
108
102
117
98
110
103
119
98
106
100
114
97
100
96
106
97
101
95
109
97
102
96
111
97
103
97
112
96
107
100
115
97
108
103
115
98
111
106
118
^98
'105
r
!00
"112
96
P102
P121
107
110
104
112
102
111
115
99
121
101
112
117
110
119
102
114
121
123
120
101
110
115
117
114
100
106
108
108
108
101
106
109
101
112
101
108
111
104
114
101
107
111
104
113
101
110
113
112
114
102
110
114
113
114
102
113
118
'119
r 117
103
109
!12
'103
115
102
pl!3
pl!8
"97
M25
P103
r
pllO
plOO
r
98
105
101
104
99
102
104
100
98
105
103
*109
Materials __
do
109
107
96
91
90
95
100
97
99
96
90
90
99
"103
105
Durable goods materials
. ... . ._
do.__
101
r
118
104
111
109
112
P114
112
110
110
108
110
106
l!4
113
Nondurable m aterials
do
r
L
Revised.
p Preliminary.
Italicized totals for March and July exclude stepped-up rate of, and special Government life insurance dividend payments to veterans, respectively; total
disbursements of $150 million (March) and $218 million (July) multiplied by 12 (to put on annual rate basis) amounted to $1.8 billion (March) and $2.6 billion (July).
Figures for transfer
payments and total nonagricultural income reflecting similar exclusion are3 as follows: March—$31.9 billion and $388.6 billion; July—$32.5 billion and $401.4 billion.
2 Estimates for JulySeptember 1961 based on anticipated capital expenditures of business.
Estimates for October-December 1961 based on anticipated capital expenditures of business. Anticipated expenditures for the year 1961, and comparative data for 1959-60, appear on p. 6 of this issue of the SURVEY.
tSee note marked "t" on page S-l.
cf Re vised beginning 1958; revisions prior to May 1960 will be shown later.
9 Includes data not shown separately.
t Revised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), seep. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Reserve Bulletin and the separate Federal Reserve publication, "Industrial Production: 1959
Revision" (available from the Board of Governors of the Federal Reserve System).
September 1961
SURVEY OF CURRENT BUSINESS
S-3
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
July
August
1961
SeptemOctober Novem- December
ber
ber
January
February
March
April
May
1 June
i
July
August
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Quantity Output— Con.
Seasonally adjusted, total index (including utilities) |
1957=100_.
By industry:
Alanufacturing, total
__
-do
110
108
107
106
105
103
102
102
103
106
108
110
108
107
106
104
102
101
101
102
105
108
106
85
80
109
107
104
83
76
108
107
102
80
72
106
105
101
78
73
105
104
98
74
68
101
101
96
69
64
101
98
95
71
66
97
97
94
73
69
96
94
95
74
69
96
94
99
82
79
99
96
110
107
114
107
103
113
105
101
112
102
100
105
102
98
107
101
96
108
101
96
109
101
96
108
101
95
108
do _
do
do
102
113
90
101
114
88
102
115
89
103
116
89
97
103
90
93
97
89
89
89
88
88
86
88
do
do__
do
- do
do
121
114
111
124
117
122
112
102
121
115
118
109
103
118
109
119
109
100
117
113
119
107
95
117
110
116
103
96
114
107
116
101
100
111
107
do
-do
do._
do
do
116
113
128
103
112
115
111
127
103
112
113
106
122
97
112
113
104
122
101
112
112
101
123
99
110
111
98
119
96
109
do
do
do
do
do
112
108
125
131
115
113
108
124
131
112
112
107
121
127
111
113
108
121
125
109
114
108
120
l'>f)
108
_do_ _ _
do
do__
do
- do
117
110
109
111
111
115
109
109
109
114
111
110
109
110
114
110
111
111
112
115
do ___
do
do
do
do
do
97
78
99
100
94
118
98
80
100
100
96
116
96
77
99
99
92
114
do
do
do
124
124
123
125
126
122
do
do
do
112
116
116
Automotive products
Autos
Auto parts and allied products
do
do
do
Home goods 9
Appliances, TV, and radios
Furniture and rugs
110
112
P113
111
r
112
p 113
103
90
86
105
102
105
92
'89
107
106
r
107
p 108
p 97
v 91
P 111
103
98
109
104
99
112
107
101
116
88
86
89
94
99
88
99
108
90
101
113
88
r
113
100
99
111
108
113
103
100
112
107
113
105
106
115
110
111
98
113
97
111
111
102
116
96
113
112
104
120
96
113
114
106
120
100
117
112
106
120
125
105
111
104
119
125
106
110
102
118
124
106
110
104
120
127
106
110
105
123
130
108
111
105
127
135
111
109
109
109
108
117
105
110
110
109
115
103
110
110
111
113
102
110
110
108
116
96
111
111
109
116
110
111
111
111
122
114
112
113
107
116
121
113
113
112
116
97
81
99
99
88
116
98
77
101
101
95
113
98
81
99
98
107
109
98
78
99
98
109
111
97
77
99
98
106
106
97
68
101
101
106
107
97
77
101
101
92
110
97
81
100
100
86
114
98
126
127
121
124
125
120
123
124
118
123
124
119
124
125
125
125
125
125
127
127
130
131
131
132
111
115
115
110
114
114
111
115
115
109
113
111
108
112
108
107
110
102
107
110
101
107
111
100
109
114
109
111
115
113
113
118
118
114
108
122
115
114
118
117
119
113
121
123
118
112
109
116
105
97
118
94
78
118
90
73
115
88
71
115
103
92
120
108
101
118
113
109
120
r H4
do
do
do
117
113
118
114
108
119
112
105
119
110
103
115
110
104
114
110
106
113
108
106
109
109
109
109
110
108
110
114
111
116
117
116
117
122
123
r 122
124
127
120
Apparel and staples
_ do
Apparel, incl. knit goods and shoes__ do
Consumer staples 9
do
Processed foods
do
116
121
115
110
115
119
114
110
114
113
114
110
115
114
115
110
114
114
113
109
113
111
114
109
113
108
114
110
113
110
114
110
114
114
114
111
115
116
115
111
116
115
117
113
118
118
118
114
119
122
119
114
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, and books__do
Consumer fuel and lighting
do
111
122
116
122
111
120
115
122
112
119
116
121
113
122
115
120
111
118
116
119
111
118
116
119
112
118
117
123
111
117
115
125
111
116
114
122
114
119
114
123
110
123
116
125
do
do
do __
do
do_ _.
do
104
106
104
121
101
88
103
105
103
121
95
83
103
105
101
120
101
87
103
105
99
121
103
86
102
103
100
119
99
88
101
102
98
117
99
99
100
101
98
118
95
98
100
101
98
118
91
103
99
100
96
117
93
104
100
102
97
118
94
107
r 102
103
99
120
95
104
do
do
do
do
do
106
101
110
102
110
105
100
106
101
109
104
99
112
97
106
103
97
103
98
105
101
94
94
98
102
99
91
91
95
99
98
90
88
95
98
98
89
83
95
97
99
90
85
95
99
103
96
93
98
104
106
101
107
99
107
do
do
do
do
112
113
113
113
111
111
111
112
109
110
108
111
109
110
107
111
109
110
106
112
108
110
109
110
107
108
108
109
108
108
110
108
109
108
112
107
111
111
114
110
112
110
110
110
r H5
103
97
120
104
98
122
102
96
122
103
97
121
103
98
120
102
97
120
101
96
119
102
96
119
102
96
121
104
98
123
105
98
126
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
-- -do. __
do
do
do
_ __do_
..
Machinery
Nonelectrical machinery
Electrical machinery
do
do
- _-do
Transportation equipment 9
Motor vehicles and parts
__
Aircraft and other equipment
Instruments and related products
Clay glass and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
_
Rubber and plastics products
Foods and beverages
Food manufactures
T3evera <r es
Tobacco products
Mining
Coal
Crude oil and natural gas
Crude oil
_
Metal mining
Stone and earth minerals
-
Utilities
Electric
Gas
By market grouping:
Final products total
Consumer °'oods
Automotive and home goods
Equipment, including defense 9
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction.
Nondurable materials 9
Business supplies
Containers
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities
f Revised.
J> Preliminary.
.
do
do
_do
tSee corresponding note
on p. S-2.
9 Includes data not shown separately.
r
r
116
107
107
117
114
r
r
116
110
120
100
117
r
r
r
r
109
108
110
V 110
103
119
v 111
P 105
p 120
102
114
91
v 103
p 115
P 90
119
112
111
120
117
r 119
p 122
p 114
118
112
123
104
118
119
115
127
113
106
r
r
r
r
114
112
r
r
139
111
121
111
p 121
p 119
p 119
117
r
115
P 115
109
132
r 130
r
r95
"91
r
114
113
114
r
98
101
101
94
117
101
102
89
r
116
p 99
P 81
P 101
P 102
r
134
P 133
114
119
r
119
P 115
P 119
P 118
110
120
P 115
P 110
P 120
p 119
113
r 124
117
124
125
119
104
r 105
102
125
96
98
P log
P 107
109
104
111
101
110
r HO
r 105
P 111
P 106
114
113
116
114
116
113
P H6
r 105
P 107
p 99
102
104
99
123
r 95
106
112
r lOQ
r 99
129
109
104
112
QQ
SURVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1061
1960
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
June
May
July
August
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES^
r
. bil. of dol__
60.9
60.7
60.4
60.3
59.9
59.4
58.7
59 3
60 2
60 1
61 6
Manufacturing total
do
Durable goods industries
- do_ ._
Nondurable goods industries
do _
Wholesale trade total
-do
Durable goods establishments
do
Nondurable goods establishments
do _ _
Retail trade, totalf
- do
Durable goods stores
do
Nondurable goods stores
- _-do
Manufacturing and trade inventories, book value, end
of month (seas adj ) total
bil. o f d o l _ _
30.4
14.7
15.7
12.3
4.4
7.9
18.1
5.7
12.5
30.1
14.4
15.7
12.3
4.5
7.9
18.2
5.8
12.4
30.1
14.4
15.7
12.2
4 3
7.8
18.1
5.8
12.3
29.6
14.1
15.5
12.2
4.3
7.9
18.5
6. 1
12.5
29 3
13.8
15 4
12.2
4 2
8.0
18.4
59
12.5
29 1
13 6
15 5
12 3
4 3
80
17.9
55
12 4
28
13
15
12
4
8
17
5
12
29
13
15
12
4
8
17
5
12
0
3
7
4
2
2
8
3
4
29 6
13 7
15 9
12 5
42
83
18 1
55
12 6
30 1
14 1
16 0
12 1
4 i
17 9
5 4
12 5
30
14
16
12
4
8
18
5
12
93.4
93.3
93. 1
93.0
92.7
92 4
92 0
91 7
91 0
91 2
91 3
54.9
32.0
22.9
55.0
32.1
22.9
54.7
31.8
22.9
54.4
31.4
23.0
54.0
31.1
22.9
53 7
30 9
22.9
53 7
30 8
22 9
53 6
30 7
22 9
53 3
30 3
23.0
53 4
30 2
23.2
53 4
30 2
23.2
13.0
7.0
6.1
25.4
11.9
13.5
13.1
7.0
6.1
25.2
11.7
13.6
13.1
6. 9
6.2
25. 3
11.8
13.6
13.2
6.9
6.3
25.4
11.9
13.5
13.3
6.9
6 4
25 4
11.9
13.5
13
6
6
25
11
13
2
8
4
4
Q
5
13 1
6 7
6 4
9
52
11 6
13 6
13 2
6 7
6 5
24 9
11 4
13 5
13 3
6 7
66
24 4
11 0
13 5
13
6
6
24
10
13
13
6
6
24
11
13
27.89
30.75
31.10
31.06
29. 65
28 79
27 69
27 42
31 28
29 38
31 52
r
32 28
28 45
13. 05
1.78
1.10
1.63
4.25
1.70
14.09
1.97
1.18
1.89
4.64
1.97
14. 58
1.96
1.16
1.83
4.87
2.11
14.71
1.91
1.14
1.68
4.76
2.10
14.14
1.80
1.04
1.54
4.58
1.95
13. 74
1. 72
.99
1 46
4.74
2 02
12
1
1
1
4
1
12 58
1 71
99
1 36
4 48
1 83
14 58
1 96
1 15
1 60
5 10
2 02
13 96
1 94
1 15
1 55
4 78
1 87
15 18
2.23
1 36
1 73
4 97
1 93
r
15. 77
r
2.27
r
1.40
1 83
r
5.17
r
2 05
'13 19
1.86
1 14
1 64
4 34
1 69
3 19
1 91
77
69
15 42
4 51
37
1 12
1 12
2.44
3 10
.48
30 12
14 14
1.95
1 17
1 62
4 85
2.02
3 15
1 84
80
.69
15 98
4 80
40
1 20
1 14
2.40
3 25
48
3 49
2 14
86
79
16 34
4 93
45
1 18
1 20
2.64
3 24
.52
30 78
14 58
2.13
1 32
1 69
4 82
1.95
3 29
2 01
84
72
16 20
4 80
43
1 22
1 16
2 47
3 31
50
2 86
1 69
78
74
15.26
4 61
42
r\ 31
1 06
1.22
1 07
rr 2. 60
2.28
3.24
3 14
'-.54
.46
r
30 90
31 08
r
14. 69 ^14 83
2. ?0
••2.07
1 26
1 36
1.72
1.70
r
4.83
4 91
1.95
1.94
' 3 41 3 33
2.14
2.09
.84
87
.74
r
!6 21
16 25
r
4 70
4 71
.41
.42
1.27
1 23
1 18
1 17
2.50
'2.51
r
3. 22
3 27
50
48
53 73
30 63
4 48
2 66
3 02
10 38
4 01
6 70
2 87
1 84
1.48
53 77
30 65
4 45
2 65
3 07
10 45
4 08
6 65
2 85
1 82
1 48
7.67
12 08
10 88
23.10
4 92
2 01
2 84
1 68
4 27
3 29
1 15
7 66
12 05
10 94
23.12
4 83
1 94
2 86
1 69
4 20
3 35
1 14
Mfg. and trade sales (seas, adj.), totalj
Manufacturing total
Durable goods industries
Nondurable goods industries
-do
do
__do
Wholesale trade total
do
Durable goods establishments
-do
Nondurable goods establishments
do
Retail trade total
do
Durable goods stores
do
Nondurable goods stores
-do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted) total
bil. ofdol__
Durable goods industries, total 9
Primary metal
_
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
-do
do __
do
do
-do
do
7
2
5
2
3
0
8
4
4
59
81
07
39
35
79
2.62
2.91
3 04
3.54
3 62
3 50
2 87
3 29
2 82
1.46
1.73
1.74
2.33
2.27
2.12
Motor vehicles and parts
-do
1 71
1 85
1 63
.77
.97
.86
.90
.79
72
Lumber and furniture
do
68
79
*67
.78
.73
.83
.80
.70
Stone clay and glass
-do
.60
58
75
" 58
14.84
16.67
16.52
16.35
15.52
15.05
Nondurable goods industries, total 9
do
15 10
16 70
14 85
4.88
4.57
4.97
5.01
4.70
4.60
Food and beverage
do
4 52
4 94
4 51
.39
.45
.41
.40
.43
Tobacco
-do
.40
42
38
36
1.05
1.28
1.30
1.29
1.21
Textile
do
1 09
1 04
1 22
l'08
.98
1.15
1.13
1.10
1.05
.98
Paper
do
1 04
1 17
1 02
2.10
2.40
2.36
2.45
2.17
Chemical
-do
2.07
2.23
2 51
2 12
3.11
3.26
3.16
3.16
3.17
3.44
Petroleum and coal
do
3 33
3 27
3 07
.48
.51
.53
.50
.46
Rubber
.do
.45
.45
50
42
30.44
30.15
29.60
30.09
29.25
29 14
Sales, value (seas adj ) total
do
28 67
29 55
29 03
14.42
14.73
14. 08
14.41
13.81
13.62
Durable goods industries, total 9
do _
13 17
13 69
13 32
2.11
1.98
1.92
1.79
1.79
Primary metal
_
__do
1.75
1.76
1 79
1 81
1.18
1.06
1.30
1.14
1.04
Iron and steel
do
1.00
1 03
1 05
1 06
1.73
1.70
1.53
1.65
1. 57
1.58
Fabricated metal
.
do
1.55
1 60
1 56
4.77
4.66
4.70
4.59
4.61
4.58
Machinery (including electrical)
do _
4 65
4 71
4 65
1.94
1.94
1.93
1.93
1.87
Electrical
_ do
1.89
1.90
1 94
1 93
3.41
3.35
3.57
3. 63
3.30
3.15
Transportation equipment
do
2 77
3 02
2 83
2.28
2.42
2.14
2.15
1.99
1.87
Motor vehicles and parts
_ _ do
1.53
1 64
1 59
.87
.81
.78
.87
.79
.80
Lumber and furniture
do
74
77
73
.75
.73
.73
.70
.70
Stone, clay, and glass
__
do
.70
.69
73
70
15.72
15.72
15.52
15.67
15.44
15 51
Nondurable goods industries total 9
do
15 50
15 86
15 71
4.63
4.66
4.69
4.70
4.66
4.74
Food and beverage
do
4 73
4 80
4 87
.38
.41
.39
.39
.42
Tobacco
_
-do
.39
.41
42
41
1.23
1.20
1.15
1.20
1.13
Textile
do
1.14
1.08
1 16
1 10
1.08
1.09
1.09
1.04
1.05
Paper
do
1.06
1 06
1 10
1 08
2.30
2.33
2.30
2.26
2.22
2.26
Chemical
.
do.__.
2.26
2 38
2 30
3.17
3.19
3.20
3.23
3.19
3.22
Petroleum and coal
do __
3 23
3 08
3 18
.48
.48
.51
.49
.50
Rubber
do
47
45
49
46
Inventories, end of month:
54.48
54. 34
54.26
54.22
54.40
53.90
Book value (unadjusted), total
do
54 07
53
81
54 08
31.75
31.73
31.40
31.18
31. 57
30 81
Durable goods industries, total 9
do
30 88
30 77
30 91
4.64
4.71
4.70
4.71
4.68
Primary metal
_ __do
4.69
4.61
4 52
4 57
2.76
2.82
2.83
2.84
2.82
9 71
2.81
Iron and steel
do. __
2 75
2 68
3.39
3. 31
3.19
3. 12
3.04
2.98
Fabricated metal
do
2 97
3 02
3 00
10.56
10.48
10.40
10.33
10.33
Machinery (including electrical) .
-do
10.27
10. 26
10 37
10 32
4.06
4.04
4.04
3.98
3.96
Electrical
do
3 94
3 91
3 98
3 94
7.05
7.26
7.16
7.28
7.20
Transportation equipment
do
6. 97
7 06
6 83
6 98
3.12
3.32
3.01
3.21
3.30
Motor vehicles and parts
do
3.14
3. 15
2 96
3 07
1.93
1.94
1.92
1.90
1.90
Lumber and furniture
do __
1. 83
1.86
1 85
1 84
1.44
1.40
1.40
1.39
1.39
Stone, clay, and glass
_
_ _ __do
1.43
1.45
1 47
1 48
By stages of fabrication:
8.63
8.65
8.52
8.36
8.20
8.48
8.01
Purchased materials
do
7 93
7.81
12.49
12.35
12. 50
12.43
12.33
Goods in process
do
12. 05
12.18
12 09
12 15
10.59
10.77
10.55
10.49
10. 49
10. 56
Finished goods _
_do
10.69
10 83
10 86
22.66
22.75
22.69
22.94
23. 04
Nondurable goods industries, total 9
do
23.05
23.09
23.19
23.16
5.06
4.72
Food and beverage
do _
4.93
5.24
5.26
5 18
5 13
5 02
4 94
Tobacco
...
_
do_ __ 1.83
1.85
2.02
1.93
2.08
2.00
2 14
2 05
2 10
2.72
Textile
do
2 66
2 57
2 53
2 58
2 63
2 71
2 81
2 77
Paper
.
do
1.61
1.62
1.61
1.60
1.62
1 63
1 63
1 66
1 66
Chemical
_ _ _ _ _ __do
4.10
4.10
4.03
4.09
4.14
4.19
4.23
4 27
4 28
3.32
Petroleum and coal
do
3.35
3.42
3 39
3.41
3 32
3 24
3 26
3 24
Rubber
do _
1.18
1.18
1.16
1.13
1.13
1 14
1 16
1 16
1 17
By stages of fabrication:
8.86
8.80
Purchased materials
do __
8.68
8.82
8 85
8 99
8 99
8 93
8 91
3.19
Goods in process.
_ -do
3.18
3.08
3.06
3.07
3.00
3 09
3.07
3.08
10.60
10.77
10.93
11.06
11.12
11.10
11.13
11.02
Finished goods
do
11.17
' Revised. l Advance estimate. §The term "business" here includes only manufacturing and trade. Business inventories as shown on p.
farm and nonfarm.
Unadjusted data for manufacturing are shown below; those for retail and wholesale trade on pp. S-9 S-10, and S-ll.
SURVEY (p. 20) and later issues.
J See corresponding note on p. S-9.
9 Includes data not shown separately.
8 i
4
8
7
4
9
5
8
6
2
8
3
5
0
5
4
61 9
61 6
30 9
14 7
16 2
4 4
8 4
18 2
56
12 6
31 1
14 8
16 2
12 5
4 3
89
18 1
55
12 5
91 5
91 8
53 4
30 2
23.2
53 6
30 4
23.2
13 5
6 7
68
24 6
11 1
13.5
13
6
6
24
11
13
r 12 8
T
T
r
r
5
7
8
5
0
5
5
7
8
7
2
6
i 14 7
r 3 61
r
2. 22
90
r
. 84
* 16. 51
M 88
.45
i 14 9
:?e
T
53 59
30 49
4.44
2 66
r
3 10
' r 10. 37
4 06
6 57
r
2.80
r
1 82
r
1.45
53 26
30 30
4 52
2 73
3 08
10 23
4 02
6 48
2 70
1 82
1.45
7.65
12 00
10 85
' 23. 10
r
4 84
1 88
7.82
11 88
10 60
22.97
4 90
1 81
2 79
1 66
4 18
3 41
1 09
r
r 2 82
r
1 68
r
4 20
r
3 36
1 12
8 90
8 86
8 79
8 71
3 32
3 14
3 25
3 30
10.94
11.06
11.01
11.00
S-l cover data for all types of producers, both
cf For inventory-sales ratios, see the June 1961
SUEVEY OF CUEEENT BUSINESS
September 1961
S-5
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month— Continued
Book value (seas adj ) total
bil. of dol
54 90
54 98
54 71
54.38
54.01
53 74
53 67
53 60
53.31
53.38
53.37
T
53. 36
53. 58
do
do__
do
do_
do
do
32.05
4.75
2.87
3.33
10.58
4.04
32 08
4.71
2 82
3.34
10 59
4.08
31 84
4.64
2 74
3.27
10 53
4.06
31.43
4.57
2.68
3.18
10.44
4.01
31.07
4.52
2 63
3.10
10 35
3.98
30 86
4.50
2 62
3.12
10 40
4.02
30.76
4.49
2 63
3.02
10 32
3.98
30 65
4.51
2 66
3 02
10 28
3 96
30.30
4.47
2.66
2.95
10. 25
3.96
30.15
4.51
2.73
2.92
10.21
3.94
30.15
4.51
2.74
2.93
10.20
3.96
' 30. 20
* 4. 60
2 84
2.92
'10 14
'3.92
30.41
4.66
2 89
2.96
10 19
3.98
do
do
do
do
7.34
3.28
1.90
1.44
7.36
3 30
1.92
1.44
7.24
3 32
1.94
1.46
7.10
3.13
1.96
1.46
7.02
3 03
1.93
1.43
6.85
3 01
1.84
1.44
6.92
3 03
1.85
1.44
6.86
2 93
1.85
1.43
6.69
2.85
1.84
1.41
6.60
2.83
1.83
1.42
6.63
2.88
1.80
1.42
'6.64
2 91
1.80
1.43
6.66
2 88
1.79
1.45
do
do
do_ _
8.63
12.63
10.79
8 56
12.60
10.93
8 42
12.39
11.03
8.26
12.25
10.92
8 05
12.12
10.90
8 05
12.06
10.76
8 03
12.07
10.65
8 01
12.05
10.59
7.91
11.90
10.49
7.81
11.87
10.47
7.78
11.91
10.47
7 60
12.03
10.57
7 73
12.06
10.62
do
22.85
22.90
22.87
22.95
22 93
22 88
22 91
22 95
23.01
23.22
23.22
••23.16
23 17
4.94
1.94
2.69
1.61
4.14
3.29
1.23
4.95
1.94
2.67
1.63
4.18
3.29
1.24
4.98
2.00
2.64
1.64
4.16
3.26
1.20
5.01
2.03
2.64
1.65
4.18
3.28
1.16
4.96
2.02
2 66
1.65
4.18
3.30
1.14
4 98
2.03
2 67
1.63
4.13
3.31
1.12
5.00
2.01
2.70
1.62
4.17
3.29
1.13
5 01
1 98
2 73
1 63
4.19
3 32
1.13
5.06
1.98
2.76
1.62
4.19
3.37
1.12
5.14
1.98
2.76
1.64
4.26
3.37
1.13
5.07
1.97
2.76
1.66
4.24
3.37
1.14
'5.05
1.96
••2.75
1.67
'4.24
'3.37
1.13
5.08
1.96
2 75
1.66
4.24
3.38
1.12
do
do
do
9.05
3.17
10.63
9.02
3.17
10.71
8.89
3.09
10.89
8.85
3.10
11.00
8.78
3.14
11.01
8.75
3.08
11.05
8.74
3.07
11.10
8 68
3.04
11.23
8.78
3.05
11.18
8.88
3.12
11.22
8.97
3.20
11.05
8.97
3.25
10.94
8 96
3.29
10.93
do
27.91
30.56
31.05
30.04
29.02
28.33
27.58
27 68
31.35
29. 62
31.50
' 32. 42
Durable goods industries total 9
do
Primary metal
- - do __
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
- do
Transportation equipment (including motor vehicles)
- - bil. of dol
13.17
1.67
1.00
1.64
4.39
1.86
14.10
1.80
1.02
1.89
4.62
2.04
14.63
1.89
1.13
1.72
4.88
2.32
13.80
1.74
.99
1.62
4.45
1.87
13.59
1.77
1.02
1.46
4.27
1.75
13.33
1.65
.97
1.33
4.59
2.02
12.35
1.85
1.18
1.38
4.25
1.67
12 76
1 85
1 10
1 38
4 46
1 79
14.51
2.12
1.27
1.62
5.16
1.99
14. 08
2.06
1.24
1.53
4.73
1.90
14.98
2.30
1.41
1.76
4.84
1.92
r
2.82
2.90
3.31
3.31
3.52
3.58
2.63
2.82
2.97
3.19
3.24
Nondurable goods industries, total . _
IndustrJes with unfilled orders ©
Industries without unfilled orders f
do_
do
.-do
14.73
3.01
11.72
16.46
3.49
12.97
16.42
3.57
12. 85
16.24
3.52
12.72
15.42
3.35
12.08
15.00
3.14
11.87
15.24
3.25
11.98
14 91
3 19
11 72
16.84
3.73
13.11
15.54
3.43
12.11
16.52
3.65
12. 86
r
do
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
M^otor vehicles and parts
Lumber and furniture
Stone clay and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
-
-
Nondurable goods industries total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
- - -
New orders net (unadjusted) total
do
do
do
do
do _.
do
do. ..
15. 92
'2.20
1.35
'1.89
'5.27
'2.08
29 33
'14 10
1.98
1 19
1.72
4 57
1.83
'3.52
3.30
16. 50
3 66
12.84
15.23
3 13
12.10
31.17
29.19
30.01
30.40
29.21
29.02
28.70
28.50
29 11
29.85
30.44
31.09
'31.10
Durable goods industries, total 9
do
Primary metal
- - - do
Iron and steel
- - do __
Fabricated metal
do
Machinery (including electrical)
_ __ _ _ d o _
Electrical
do
Transportation equipment (in ' id ing motor vehicles)
bil of dol
13.84
1.89
1.17
1.59
4.52
1.89
14.41
1.84
1.05
1.74
4.81
2.21
14.62
1.85
1.12
1.54
4.75
2.23
13. 74
1.64
.97
1.48
4.40
1.86
13.60
.75
.03
.56
.59
.82
13. 22
1.77
1.06
1.46
4.67
1.93
12.88
1.81
1.14
1.52
4.54
1.83
13.36
1 75
1 03
1 49
4 59
1 88
13.82
1.88
1.10
1.62
4.76
1.88
14.38
2. 19
1.33
1.58
4.74
1.99
14.80
2.19
1.32
1.74
4.78
1.97
' 14. 92 '15.04
'2.20
2 34
1.35
1.46
'1.82
1 75
'4.77
4.88
'1.78
1 92
3.20
3.33
3.82
3.69
3.06
2.83
2.66
3 07
3.02
3.28
3.36
'3.34
3 50
Nondurable goods industries, total
Industries with unfilled orders ©
Industries without unfilled orders ^
„ _ do __
do
_ do
15.35
3.17
12.18
15.61
3.39
12.22
15.78
3.58
12.20
15.47
3.31
12.16
15.42
3.32
12.10
15.48
3.31
12.17
15.62
3.36
12.27
15 76
3 30
12 46
16.03
3 54
12.48
16.06
3 49
12.57
16.29
3.55
12.73
16.19
'3 55
12.63
16 14
3 45
12 68
do
47.69
47.50
47. 45
46.44
45 80
45.37
45.27
45 52
45 59
45 83
45.80
'45 95
44.62
3.92
2.67
3.10
18. 26
10. 35
44.64
3.74
2.50
3.10
18.24
10.43
44.68
3.67
2.47
3.00
18. 25
10.63
43.77
3.50
2.32
2.94
17.94
10.40
43.23
3.47
2.30
2.86
17.62
10 20
42.85
3.41
2.28
2.73
17.48
10.21
42.60
3.45
2.38
2.73
17. 38
10.09
42
3
2
2
17
10
79
59
50
75
36
04
42 72
3.75
2 62
2.78
17 42
10 01
*2 84
3 87
2 71
2.76
17 37
10 04
42.64
3.95
2.76
2.79
17.24
10 02
'42 79 '43 70
'3.88
3 99
2 72
2 77
'2.85
2 93
'17 34
17 57
' 10 06 10 20
14.60
14.89
15.16
14.93
14.83
14.93
14.70
14 70
14.39
14 38
14.13
' 14. 04
14 48
3.07
2.86
2.77
2.66
2.57
2.52
2.67
2 73
2 87
2 99
3.17
'3 16
3 12
number__ ' 14, 709 15, 028
14, 043
13, 783
12, 435
14, 594
16, 350
13 281
10 783
14 815
New orders net (seas adjusted), total _
Unfilled orders end of month (unadj ) , total
Durable goods industries, total 9
__
do
Primary metal
_ _,
__ _do
Iron and steel
do
Fabricated metal. __ _ ___
_
do __
Machinery (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
..
_
bil. of dol
Nondurable goods industries, total ©
_ _ do. __
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad justed) §
thousands
New business incorporations (50 States) eft
4,725
4,730
* 15.3
46 83
1
44 0
16 371 ' 16, 418 14 382
INDUSTRIAL AND COMMERCIAL FAILURESd"
Failures, total
number
1,146
1,315
1,269
1,344
1 311
1 353
1 404
1 610
1 441
1 545
1 403
1 275
Commercial service
do
Construction
_
_
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
___
_
do
Liabilities (current), total
__
_..thous. of dol..
Commercial service .
do
Construction
_ _
_
do
Manufacturing and mining
do
Betail trade.- _ _ _
__
do
Wholesale trade
_ _
do.
102
192
173
573
106
61, 732
3,993
11, 073
21, 080
20, 470
5,116
128
217
228
621
121
97, 594
5,940
27, 874
33, 097
22, 556
8,127
113
218
218
604
116
80,604
12, 715
14,417
23,011
23, 080
7,381
132
231
229
613
139
81, 508
16 644
17, 877
16, 104
20 894
9,989
111
228
231
617
124
84, 463
7 309
16 683
28, 887
22 493
9,091
110
245
231
637
130
78, 971
3 579
28 104
18, 878
20 199
8,211
121
219
228
685
151
81, 520
4 128
11, 231
26, 111
28 688
11,362
116
262
229
693
149
88, 083
6 941
14 943
23,160
30 646
12, 393
135
266
271
786
152
126, 622
13 344
20 283
26, 579
51 185
15, 231
131
245
238
704
123
86 114
7 093
13 127
23, 215
32 562
10 117
123
255
269
731
167
80, 471
6 798
19 162
18, 944
24 776
10, 791
123
222
218
696
144
83,828
8 762
12 500
26,590
27 192
8,784
111
196
223
633
112
69,168
3 946
13* 786
14' 881
27 304
9,251
Failure annual rate (seas. adj.)_No. per 10,000 concerns.
54.8
59.6
65.2
63.3
62.0
63.4
61.1
64.2
62.9
60.8
64.3
60.7
62.5
l
15.0
4 755
4 740
1 449
1
' Revised.
Advance estimate.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable goods industries are zero.
HFor these
industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber) sales are considered equal to new orders.
§Data for 1956 appear on p. 13 of the May 1960 SURVEY; those for
1957 forward, on p. 5 of the June 1961 SURVEY.
cTData are from Dun & Bradstreet, Inc.
{Effective with the July 1961 SURVEY, the figures shown cover 50 States, including data for both Alaska and Hawaii.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1061
1960
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received all farm products t
1910-14 = 100..
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
- -
Fruit
Oil-bearing crops
Potatoes (incl dry edible beans)
Tobacco
do.
do
do
do
- do_
— do _
do
do
_ _ _
do
Livestock and products
do _
Dairy products
do __
M^cat animals
do
Poultry and eggs
do _
Wool
do
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
Parity ratio §
-
-
do
CONSUMER PRICES
(U.S. Department of Labor indexes)
\llitems
1947-49=100
Special group indexes:
All items less food
do __
All items less shelter
do_ _
All commodities
_ _ do __
Nondurables
do
Durables
_
do
Services
do
236
234
238
241
241
242
241
244
243
239
236
234
237
241
222
225
265
156
194
219
196
273
152
196
222
192
272
152
197
222
212
267
147
200
219
219
254
136
204
217
220
243
141
204
218
212
233
146
207
221
210
227
150
209
224
217
240
150
208
226
228
249
145
202
230
233
250
151
203
231
253
261
152
200
232
261
2P>5
156
201
229
214
276
154
209
235
213
219
491
240
211
195
488
270
208
181
510
273
209
165
513
262
213
181
517
248
217
181
517
254
231
178
508
260
250
172
517
260
264
161
516
250
286
178
516
261
285
176
517
260
261
177
516
241
261
189
516
244
259
162
523
249
244
300
149
240
247
254
290
154
230
251
269
285
163
225
257
277
286
176
222
260
282
288
182
219
263
278
298
178
226
261
271
304
165
221
263
263
309
169
224
259
256
309
160
226
251
247
305
145
231
241
241
292
139
239
236
240
286
131
238
241
248
288
138
232
251
257
302
142
231
274
290
263
274
290
262
274
290
263
274
290
202
274
291
262
275
291
265
276
291
267
277
291
267
277
290
269
277
290
267
277
291
266
275
290
265
275
290
264
276
290
265
298
298
298
297
297
298
301
302
302
302
302
300
300
301
79
79
80
81
81
81
80
81
80
79
78
78
79
80
126. 6
126.6
126.8
127.3
127.4
127. 5
127.4
127. 5
127.5
127.5
127.4
127.6
i 128. 1
129. 9
124.2
117.7
120.0
111.1
150.0
130.1
124.1
117. 6
119.9
111.0
150.3
130.3
124.3
117.7
120.3
110.0
150. 8
130.7
124.8
118.2
120.7
110.9
151.2
130.8
125.0
118.3
120.9
110.7
151.3
130.8
125.0
118.4
121.0
110.8
151.4
130. 6
124.8
118.0
120.7
110.2
151.7
130.8
125.0
118.1
120.8
110.3
151.9
130.9
125.0
118.0
120.7
109.9
152.2
130.8
125.0
117.9
120.4
110.7
152.3
131.0
124.9
117.7
120. 2
110.8
152.5
131 2
125. 2
118.0
120.4
111.2
152.7
131. 4
125.7
118.7
121. 1
111.5
152.8
do _
do
do
_ _ do _
do
109.1
120.6
115.8
134.4
110.8
109.3
120.1
116. 6
127.3
111.3
110.6
120.2
117.5
124.6
110.2
111.0
120.9
118.4
124.8
110.0
110.7
121.1
118.9
126.2
109.9
110.6
121.4
119.3
126.3
110.5
109.4
121.3
119.1
126.1
111.6
109.6
121.4
119.0
127.2
111.8
109.8
121.2
118.5
127.8
111.4
109.5
121.2
117.9
131.4
110.5
109.6
120.7
117. 5
132.2
108.7
109.6
120.9
117.3
135.4
107.4
109.9
122.0
118.0
138.2
107.8
do
do
do
_ do.
do
do_
131.3
124.8
104.1
141.8
156.4
133.4
131.5
124.9
103.5
141.9
156.7
133.8
132.0
125.7
104.1
142.1
156.9
133.9
132.2
125.7
104.0
142.5
157.3
134.0
132.1
125.7
104.0
142. 7
157.9
133.9
132.3
125. 6
103.9
142.8
158.0
133.7
132.3
125.9
103.6
142.9
158.5
133. 7
132.4
125.9
103.7
143.1
159.4
133.8
132.5
125.9
103.9
143.1
159.6
133.6
132.3
125.8
103.8
143.3
159.9
133.8
132.2
126.2
103. 5
143.4
160.4
133.8
132.4
126.3
103.9
143.5
160.9
133.9
132.4
125.6
103.6
143.6
161.2
134.3
do
do
do
do
do
121.6
145.9
134 2
198.9
132.2
121.9
146. 2
134.4
199.3
132.4
122.1
144.7
132.8
200.3
132.7
121.9
146.1
134.1
201.2
132.7
122.5
146. 5
134.4
202.9
132.7
122. 3
146.5
134.5
202.9
132.7
122.2
146. 2
134.0
205.5
132.6
122.7
146.2
133.9
205.7
132.6
123. 4
145.7
133.4
205.7
132.6
124.1
145.8
133.4
206.5
132. 6
123.9
146.6
134.2
206.5
133.1
123.5
147.7
135.3
207.3
133.1
124.1
148. 3
135.9
208.5
133.6
119.7
119.2
119.2
119.6
119.6
119.5
119.9
120.0
119.9
119.4
118.7
118.2
118.6
119.0
94.8
127.0
121.8
92.7
126.8
121.5
92.9
126. 8
121.5
93.3
126. 6
122.4
93.0
126. 5
122.7
93.3
126.4
122.2
'94.7
126.7
* 122. 4
95. 2
' 95. 1
' 126. 7 ' 126.9
' 122. 6 ' 122. 2
'94.6
' 126. 9
M21.3
' 93. 2
' 126. 3
120.7
91.6
125. S
120.6
'92.7
' 125. 6
121.2
94.9
125.5
121. 5
105.6
145.6
104.9
145.5
105.3
144.5
105.8
144.9
105.8
145.0
105.6
145. 0
T
' 106. 1
145. 1
' 106. 3 'r 106. 2
' 145. 0 145. 1
' 105. 3
' 145. 3
' 104. 3
' 145. 3
103.5
145.4
' 104. 2
' 145. 3
104.7
145.2
do
do
do
do
88.9
112.9
75.5
84.1
86.6
98.7
74.3
80.7
87.7
104.7
74.9
79.0
89.5
109. 2
73.5
80.7
89.9
107.5
70.3
81.8
88.7
99.5
72.7
82.8
89.7
103.7
75.2
84.7
90.0
99.8
76.0
85.3
88.5
100.2
73.8
82.0
86.8
101.4
74.8
78.2
85.1
' 103. 3
74.2
75.4
'87.1
' 104. 3
77.8
75.5
88.8
97.7
78.1
80.3
Foods, processed 9
_ __
do
Cereal and bakery products
do
Dairy products and ice cream
_
do
Fruits and vegetables, canned and frozen _ _ _ d o
Meats, poultry, and
fish
_
do
108.9
122.5
117.3
107.3
99.5
107.8
122.0
118.0
106.6
96.8
108.1
122.4
120. 5
107.7
96.0
109.0
123.1
121.3
108.8
97.8
109.1
123.1
121.7
109.4
96.6
109.2
123.5
122.0
110.1
97.3
109.9
123.5
121.3
111.8
98.3
110.5
123.6
119.8
112.0
99.5
109.6
108.7
123.6
123.6
' 120. 7 ' 119.9
111.5
111.1
96.1
94.3
107.5
123.6
'119.5
109.0
91.8
106.7
123.7
107.5
r 123. 9
r 119.7
108.7
89.9
120.4
' 109. 0
92.5
108.2
124.0
121.3
107.7
94.8
Commodities other than farm prod, and foods. _ do
128.2
128.2
127.9
'128.0
r 111. 9
127.9
128.1
128.1
128.2
128.0
127.6
127.4
127.4
127.4
110.4
124.7
47.8
110.4
128.4
110. 5
124.6
-94.3
48.9
108.2
128.4
110.4
124.5
'93.7
47.7
108.3
128.4
110.1
123.6
'93.1
47.8
111.2
128.4
110.1
123.5
••92.8
48.9
111.9
128.4
110.2
123.6
92.8
48.5
111.9
130.3
109.7
123.0
92.7
50.2
112.4
131.7
110.0
123.2
92.7
54.7
112.4
132.4
110.1
123.2
92.6
57.7
112.3
132.4
110.2
123.2
92.6
62.1
112.3
132.4
109.9
122.8
92.4
61.4
112.3
132.4
109.3
122.2
92.4
'54.1
112.3
132.4
108.9
121.1
92.5
'52.2
111.7
132.4
108.7
120.8
92.5
51.1
110.0
132.4
113.8
120.3
102.0
114.4
115.8
115.3
121.3
102. 1
116.6
118.3
116.1
122.4
102.1
121.3
119.2
116.2
122. 5
102.1
120.9
119.5
116.1
123.0
102.4
120.2
119.1
116.2
123.1
102.3
120.0
119.3
117.2
123.4
102.3
121.1
121.1
117.7
123.4
102.2
122.3
121.9
117.5
122.8
102.4
121.8
121.5
115.2
119.6
102.5
118.3
117.9
113.6
117.4
102.4
118.7
115.0
114.3
117.7
102.3
'115.4
117.0
114.6
118.7
102.5
115.6
117.4
114.4
119.2
102.4
116.7
116.8
Apparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and
Housing 9
Gas and electricity
Housefurnishings
Rent
Medical care
Personal care _ __
__
_
fish
-
_ _
Reading and recreation
Transportation _
Private
Public©
Other goods and services
WHOLESALE PRICESd" 1
(U.S. Department of Labor indexes)
All commodities
1947-49=100..
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do
Finished goods O
do
By durability of product:
Nondurable goods
do
Durable goods. do
Farm products 9
__
_ _ _
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
_
Chemicals and allied products 9
Chemicals, industrial-.- _
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint
__
_
do
do_.
do
dodo
do
Fuel and related prod., and power 9.
do..
Coal. .
_
do
Electric power
... January 1958=100
Gas fuels
_ _
do
Petroleum products refined
1947-49—100
<> ' 94. 3
2
89.9
105.9
76.4
83.1
123.1
122.9
Furniture, other household durables 9
do
122.8
122.7
122.6
122.3
122.6
122.2
122.2
122.5
122.4
122.4
122.3
122.3
Appliances, household
do
101.7
101.1
100.9
100.9
100.6
100.2
100. 4
100.2
100.0
100.0
99.9
'99.8
'99.8
99.8
Furniture, household
do
125.0
125.0
125.0
125.6
125.7
125. 7
126.1
126.2
126.2
126.3
126.4
126.4
126.4
126.4
Radio receivers and phonographs
do
87.1
86.1
86.1
84.2
84.2
84.7
85.3
84.7
84.7
84.5
84.4
84.3
'83.5
83.5
Television receivers
do
69.0
68.9
68.9
68.9
68.9
69.3
69.3
68.7
69.1
69.1
67.8
68.3
'68.8
68.8
r
Revised.
1 Index based on 1935-39= 100 is 214.2. 2 Form erly titletI fuel, po\v er, and li[?hting ma te rials.
tRevisecI beginnin g January 1958 to in corporate price revi sions for i ndividual
commodities; revisions for January 1958-March 1960 will be shown later (revi sions for 1 952-57 apr>ear on p. ',24 of the N ovember ]1959 SURV EY).
§1iatio of p rices recei ved to pri ces paid including
interest, taxes, and wage rates).
9 Includes data not ?hown sep arately.
©Re vis ed beginrling Janmiry 1958; r 3 visions prior to De cember 19 59 will be shown lal er.
cf For actual wholesale prices of individual commod] ties, see r 3spective commodit ies.
JI Revised be ginning J anuary 19 51 to incor porate ne w weighting structiire based on net sel ling value
a
of commodities in 1958; comparability with earlier data is unaffec ted.
O Goods to users, inc uding ra\v foods an d fuels.
Revisi ons for Ja nuary-Fe bruary 19 59 and Jnne 1959—Jrune 1960,
respectively, are as follows (1947-49=100): 1959—93.2; 93. 2; 93.1; 93 3; 93.3; 93.4; 93.4; 93.5; 93.4; K 60—93.5; 33.5; 93.5; 93.7; 94.0; 94.3.
SURVEY OF CURRENT BUSINESS
September 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-7
1961
I960
August
July
Septem- October Novem- December
ber
ber
Janu-
Febru-
ary
ary
March j April
May
j June
July
August
COM VIODITY PRICES— Continued
WHOLESALE PRICEScf f— Continued
U.S. Department of Labor indexes— Con.
Commodities other than farm, etc.— Con.
Hides, skins, and leather products 9 .1947-49= 100__
r 110. 1 ' 111.1
132.9
132.8
76.2
68.1
' 102. 6 102.6
'117.2
117.8
116.8
117.0
113. 1
133.5
82.9
106. 3
116.0
115.8
153. 0
148.8
178.3
151.6
140.5
152. 7
148.9
178.4
150. 5
140.5
-- __do
do
do
__do
110. 1
132 5
68.0
102.2
121.5
121.6
108.7
132 5
63. 6
98.9
119.6
119.2
108.1
132 5
62.3
97.5
118.7
117.9
108. 5
132 5
04. 1
98.1
117.7
116.3
108. 5
132 5
65. 8
97.1
116.9
115.1
108.8
132 5
64.9
99.4
116. 5
115.0
108.3
132. 7
61.7
97.8
115.7
114.5
108.0
132.7
60.5
97.3
114.7
113.5
109.5
132. 7
68.8
100.2
115.4
114.4
109. 9
132.7
68.0
102.2
118.0
116.5
110.7
132.8
71.0
104. 1
117.6
117.0
Machinery and motive products 9
- - do _
Agricultural machinery and equip.. ._ _ _ d o
Construction machinery and eQiiip§
do
Klectrical machinery and equipment
do
Motor vehicles
do
153. 3
146.0
175. 5
153. 5
141.6
153. 3
146. 1
176.7
153. 3
141.6
151.4
146.2
176.7
152. 7
135.4
152.9
146. 7
176. 7
152.6
140.3
153.0
148.2
177.3
152.4
140. 5
153. 1
148.0
177.0
152.4
140.7
153. 5
148.4
177.6
153.7
140.8
153.4
148. 5
178.2
153.6
140.4
153.4
148. 5
178.2
153.5
140.2
153.1
148. 6
178.6
152. 5
140.3
153. 1
148.6
178.5
152. 2
140. 3
Metals and metal products 9
Heating equipment
Iron and steel
N on ferrous metals
do
do
do
do
153.4
118.7
169.5
138.6
153.6
118.8
169.9
138.7
153.5
119.3
169.7
138.4
152.8
119.3
168. 9
137.1
152.3
118.4
168.5
135.5
152.2
116.8
168.6
133.9
152.2
114.9
169. 4
132.1
152.3
114.8
169.7
132.2
152.4
114.5
170.4
132.3
1 52. 7
115.2
170. 8
132.4
153.0
115.4
170.2
134.4
153.1 ' 153. 2
115.5
115.4
170.3
170.1
' 135. 2 135.8
do
do
do
do
137.8
161.8
131.3
133.2
137.8
162.0
131.1
133.2
138.0
162.1
131.0
133.2
138.1
162. 2
131.0
133.2
137.9
162. 3
131.0
133.2
137. 9
162.3
131.0
133.2
138. 5
162. 1
131.1
134.6
138.4
162. 1
131.2
134.6
138.6
162.1
131.1
134.6
138.6
162.1
131.3
134.6
138.5
161.5
131.3
134.6
r 138. 3
138.4
161.6
131.3
134.6
138.5
161. 7
131.2
137.3
do
do
do
do
133.5
145.9
146.9
141.3
133.0
145. 2
145.3
141.3
133.0
145.4
144.9
141.3
133.4
145.7
144.7
141.3
133.1
145.7
143.6
141.3
132.3
145.7
141.2
137.1
132.2
145.7
139.7
137.2
132.2
145.7
139.6
137.1
131.5
145.7
139.9
137.1
131.0
145.4
140.1
138.4
126.1
145.4
140.2
138.4
126.4
126.5
145.9
145.9
r 139. 0
139.6
' 138. 5 r 138. 3
126.3
145.9
139.4
138. 3
Textile products and apparel 9
-- do
Apparel
- do
Cotton products
do
Silk products
do
Manmade fiber textile products
do
Wool products
do
96.3
101.0
94.7
123.3
79.6
101.8
96.1
101.0
94.3
126.8
78.9
101.5
95.9
101.1
93.4
128.4
78.6
101.2
95.8
101.1
92.8
128.5
78.5
101.1
95.4
101.0
91.7
125.9
78.2
101.3
95.2
101.0
91.2
125.7
77.8
100.8
94.8
100.5
90.8
130.9
77.3
100.1
94.7
100.5
90.2
129.3
77.2
99.9
94.4
100.4
90.2
129.5
76.3
99.5
94.1
100.4
89.9
129. 5
75.8
100. 1
94.0
100.3
89.9
131.5
75.4
100.9
93.7
100.4
89.5
130.8
75. 1
*• 101.0
'93. 9
100.4
89.7
131.2
75.1
101.2
94.2
100.5
90.4
136. 2
75. 1
101.6
Tobacco prod and bottled beverages 9
Beverages alcoholic
Cigarettes
.
Miscellaneous
Toys sporting goods
.
131.8
120.6
134.8
90.8
118.6
132.0
121.1
134.8
89.9
118.5
132.0
121.1
134.8
91.1
118.6
132 0
121.1
134.8
90 3
118. 6
132. 0
121.1
134.8
90.6
118.6
132. 1
121.2
134.8
92.4
118.6
132. 1
121.2
134.8
95.6
118.4
132 1
121.3
134.8
95.2
118.3
132. 1
121.3
134.8
96.8
118.9
132 0
121. 1
134.8
97 7
119.0
132 1
121.2
134.8
99.5
118.9
132 1
121.2
134.8
95. 9
118.9
132 6
121 1
134.8
95 6
119.0
132 8
121. 1
134.8
95 6
119.7
83.5
79.0
83.9
79.0
83.9
78.9
83.6
78 6
83.6
78.5
83.7
78.4
83.4
78 5
83.3
78 4
83 4
78 4
83 8
78 4
84.2
78 5
84.6
78 4
2 84 3
2 yg l
II ide^ and skins
Leather
Lumber and wood products
Lumber
--
-
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
1
153.2
148.8
178.2
152.3
140.7
161.6
131.3
134.6
153. 6
115.6
170.5
136.1
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
___ 1947-49=1 00. _.
do_ _
2
84 0
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACEf
New construction (unadjusted), totalf
Private, total 9
_ _ __
mil. of dol_.
5,168
5,205
5, 168
5,016
4,771
4,482
3,887
3,684
3,979
4,409
4,903
' 5, 351 ' 5, 389
5,433
do
3,587
3,556
3,524
3,463
3,395
3,170
2,793
2 645
2 842
3 147
3 492
r 3 740
T 3 746
3 727
2,093
1, 526
487
2,031
1,524
1,972
1,492
1,897
1,443
372
1 449
1 051
1 322
'939
1 483
1 056
1 772
1 173
506
2 023
1? 256
669
r
398
1 698
1,267
T 2 188
r i 407
426
1 840
1,392
r 6g2
2 137
r i 524
T 513
2 120
1 584
872
230
363
123
473
884
237
360
126
489
904
247
369
121
501
929
255
386
111
499
946
261
402
103
479
925
264
387
87
437
886
265
362
77
358
858
259
352
81
363
831
246
345
100
406
809
234
337
116
428
842
226
363
136
467
r 900
T 932
219
401
156
473
216
419
r 164
T 491
937
213
416
158
492
1,581
1,649
1,644
1,553
1,376
1,312
1 094
1 039
1 137
1 262
1 411
r 1 611
r 1 643
1 706
464
116
601
400
448
141
645
415
450
132
644
418
448
148
558
399
408
156
450
362
391
122
470
329
389
88
291
326
356
109
267
307
403
119
271
344
433
118
338
373
440
127
435
409
Residential (nonfarm) 9
do
New housing units
__ do.
Additions and alterations
_
do
Nonresidential buildings, except farm and public
utility total 9
mil of dol
Industrial
do
Commercial
do
Farm construction
do
Public utility...
__
do.
Public, total
Nonresidential buildings
Military facilities .
Highway
Other types
do
_ __ do.
do
do
._ do
New construction (seas, adj., annual rates), totalf-do
Private, total?
do
Residential (nonfarm)
...
do
Nonresidential buildings, except farm and public
utility, total 9
_
mil. of dol
Industrial
do
Commercial
do
Farm construction
do
Public utility
do
Public, total 9
Nonresidential buildings
Military facilities...
Highway
do
do
do
do
361
340
307
292
337
r
T
T
T
T
r
T
r
r
468
136
(^74
433
433
454
107
630
439
55, 750
55, 837
55, 599
55, 552
56, 079
56, 650
56, 018
55, 717
55, 794
55, 883
55, 892 '57,615
39, 487
39 474
39 316
39 200
39 624
39 639
38 575
37 962
38 511
39 365
39 606
22, 748
22 448
22 102
21 834
22 016
21 916
20 649
20 016
20 508
21 421
21 631 T- 22 680
r 9*} 9^9
9,938
2,839
3 976
1,277
5, 252
10, 061
2 880
4 033
1,272
5,410
10,226
2 958
4 134
1,289
5,418
10 418
3 010
4 262
1 288
5,361
10 562
3 025
4 378
1 298
5 452
10 751
3 025
4 519
1 242
5 458
11 193
3 053
4 848
1 126
5 308
11 100
2 992
4 821
1 157
5 384
10 960
2 957
4 743
1 334
5*398
10 803
2 921
4 636
l' 508
5' 323
10 628
2 849
4 51 5
l' 686
5 383
10 584
2 7^0
jo 608
2 ' R79
16 263
16 363
16 283
16 352
16 455
17 Oil
17 443
17 755
17 283
1 fi ^"IR
I ("
461
123
676
446
' 58, 217 58, 286
r 4/1 7*37
r
r 1 839
5 382
T
r
"I
7CQ
r 5 457
00
XIQ
i n «9Q
1 R^9
5 421
OO«
5,131
4,959
4,896
4,995
5, 072
5,055
5,094
5,221
5,222
5,157
5,186 r 5, 229 "•5,007
5,037
1 cr)7
1 340
1 444
1 340
1 490
1 678
1 531
1 284
1 942
1 651
1 764
5,524
r K K97
r e; 77H
*. QfiQ
4 Q»2
5 934
5 669
5. 953
6.470
5.724
5.602
5. 427
5. 243
fi' 060
r
Revised.
i Formerly titled nonmetallic minerals, structural,
2 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.0 (August); 44.1 (July); consumer
prices, 46.7 (June).
cf See corresponding note on p. S-6.
ISee corresponding note on p. S-6.
9 Includes data not shown separately.
§Revised beginning with data for September 1955; unpublished revisions (prior to November 1958) will be shown later.
•n t^e vised series. Data (from Bureau of the Census) reflect the new definition and higher level of housing starts and include construction in Alaska and Hawaii; revisions prior to June 1960
will be shown later.
s-s
SURVEY OF CUERENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1961
1960
July
1961
DecemA ugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
i
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.):
Valuation total
mil of dol
Public ownershio
Private ownership
By type of building:
IXTon residential
Residential
Public works
Utilities
3,597
3,295
3,119
3,319
2,886
2,718
2,485
2,235
3,166
3,298
3,501
3,602
3,529
do
do
1,413
2,184
1,018
2,277
995
2,124
1,125
2,194
1,071
1,815
1,218
1,500
838
1,647
732
1,504
1,090
2,075
1,170
2,128
1,127
2, 374
1,235
2,367
1.265
2,263
._
do
do _
do
do
1,152
1,329
794
321
1,177
1,433
520
165
1,124
1,277
544
173
1,165
1,390
647
117
916
1,253
566
152
994
878
735
110
813
974
400
298
804
870
394
167
1,027
1,371
625
142
1,050
1,454
639
154
1,105
1,553
623
219
1,221
1,558
632
191
1,154
1,502
710
163
. _
do
2,005
1,859
2,232
1,796
1,775
1,875
1,661
1,360
1,912
1,817
1,789
2,392
1,883
10,637
1, 526
5, 230
3,881
11,216
684
6,366
4,166
7,446
405
3,829
3,212
8,541
635
4,461
3,445
11, 208
207
7,045
3,957
12,101
361
9,012
2,727
8,632
959
5,891
1,782
7,349
224
5,125
1,999
7,762
980
5,083
1,699
10, 522
202
7,232
3,088
10, 482
110
5,994
4,378
11,216
582
6,119
4,514
9,041
938
4, 328
3,774
118.3
93.1
114.3
135.1
107.0
130.3
102.6
80.3
96.9
113.2
86.7
110.4
94.5
70.4
92.8
70.9
48.0
64.2
72.5
51.8
69.8
81.0
56.5
75.8
109.7
80.1
104.6
115.3
85.4
111.0
' 130. 7 ' 138. 3
'97.9
102.0
«- 126. 6 r 132. 5
125.9
do
do
do
116.6
82.5
112.6
133.0
84.4
128.2
100.6
68.3
94.9
110.1
78.0
107.3
93.5
66.1
91.8
70.4
49.8
63.7
71.0
51.1
68.3
77.7
55.7
72.5
107.3
79.1
102.2
113.0
79.7
108.7
f 128. 3
'89.5
»• 124. 2
* 135. 3
'92.6
»• 129. 5
123.8
86.0
120.6
do
1, 227. 0
1, 209. 0
1, 355. 0
1,335.0
1, 089. 0
1,067.0
1, 273. 0
1, 237. 0
1, 220. 0
1, 206. 0
996.0
987.0
1, 127. 0
1, 098. 0
1, 169. 0
1,115.0
1,296.0
1, 262. 0
1, 166. 0 ••1,291.0 r 1, 383. 0
1, 143. 0 * 1, 268. 0 r 1, 352. 0
1,317.0
1, 296. 0
_
__
Engineering construction:
Contract awards (ENR)§
Highway concrete pavement contract awards :d"
Total
thous of sq yd
Airports
do
Roads
-do_ __
Streets and alleys
do
HOUSING STARTS f
New housing units started: f
Unadjusted:
Total, incl. farm (public and private). .thousands. .
One-family structures
do
Privately owned
do
Total nonfarm (public and private)
In metropolitan areas
Privately owned
_ _
Seasonally adjusted at annual rates:
Total incl farm (private only)
122.7
CONSTRUCTION COST INDEXES
Department of Commerce composite}:
1947-49=100..
144
144
144
144
144
143
143
144
144
145
146
145
145
145
American Appraisal Co., The:
Average, 30 cities .
Atlanta
New York
San Francisco
St Louis
1913=100..
do
._ _ _do
do
do. __
722
789
778
671
704
723
789
779
671
704
727
803
787
679
704
728
803
795
681
706
730
806
795
690
710
731
806
796
691
710
732
806
808
691
710
733
806
808
695
710
733
807
808
696
713
735
808
808
696
713
737
808
808
696
721
740
809
810
704
721
742
809
820
706
722
746
809
820
706
722
Associated General Contractors (building only) do
E. H. Boeckh and Associates:^
Average. 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U.S. avg. 1926-29=100..
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do
Brick and wood
do
Frame
do
Steel ..
do
Residences:
Brick
do _.
Frame
do
Engineering News-Record:©
Building
1947-49-100
Construction
_ __
do
Bu. of Public Roads— Highway construction:
Composite, standard mile (avg. for qtr.)- .1946= 100..
537
538
537
538
538
538
539
536
538
538
542
547
547
547
314.7
302.7
298.5
314.6
302.4
297.9
315. 1
302.7
297.9
315.0
302.5
297.2
315. 0
302.4
297.0
315. 1
302.4
296.8
315.6
302.5
296.4
315.7
302. 5
296.4
315.9
302.7
296.4
316.2
302. 9
296.6
320.1
305.0
298.7
321.6
306.4
299.7
322.4
308.0
300.3
327.7
321.3
299.2
295. 6
301.3
327.6
320.8
298.8
294.7
300.5
328.2
321.1
298.9
294.4
300.8
328.1
321.0
298.5
293.5
300.8
328.1
320.8
298.4
293.3
300.4
328.2
320.8
298.2
293.0
300.3
329.0
320.8
298.2
292.2
300.1
329.1
320.9
298.2
292.3
300.1
329.1
320.8
298.1
292.0
300.1
329.5
321.2
298.1
292.4
300.4
334.6
324.0
300.8
294.5
300.5
335.9
325.2
301.9
295.3
301.5
336.8
325.9
302.4
296.0
302.0
300.0
289.2
299.5
288.5
299.6
288.3
298.9
287.5
298.7
287.3
298.5
287.1
298.2
286.5
298.2
286.5
298.2
286.4
298.4
286.7
300.9
288.4
301.9
289.3
302.5
289.9
166.3
183.3
166.4
183.4
166.0
183.1
165.9
183.2
166.1
183.3
166.5
184.2
166.5
184.2
166.5
184.1
167.1
184.9
168.3
187.0
168.6
187.7
169.1
188.4
168.8
188. 5
136. 6
135.0
169.0
188.5
134.5
133.4
CONSTRUCTION MATERIALS
Output index composite unadi 9©
Seasonally adjusted 9 0
Iron and steel products unadi ©
Lumber and wood products unadi ©
Portland cement unadj
1947 49 — 100
do
do
do
do
129.8
134.7
148.4
134.7
139.5
133.7
131.6
116.4
116.9
122.4
102.8
120.5
104.7
111.8
100.1
113.4
125.4
130.1
130.8
118.5
191.3
142.0
145.5
199.0
133.8
136.5
186.2
126.0
129.9
188.1
111.6
117.6
158.0
95.3
104.9
122.7
100.8
112.5
100.2
94.7
109.9
90.0
121.0
128.5
130.7
416, 954
180, 818
425, 124
169, 070
433, 655
162, 077
403, 684
150,404
390, 257
141,867
410, 350
131, 648
340, 975
107, 754
1,696
1,736
1,735
1,741
1,981
1,571
1,268
1,413
1,316
1,250
1,140
1,150
408
569
291
430
651
332
402
591
323
394
545
311
332
508
300
367
460
323
2,528
4,289
2,784
4,347
2,598
4,814
2, 525
4,512
2,378
4,740
82, 998
90, 037
81, 845
92, 730
84, 340
r
146.6
136.5
130. 7
r 128.
3
158.3
149.1
147. 9
186.1
141.3
189.0
347, 557
124, 837
317,678
108, 649
348, 989
123, 394
385, 859
137, 271
1,496
1,477
1,576
1,624
1,869
969
1,001
1,356
1,309
1,511
" 1, 721
1,480
285
400
285
288
395
318
427
515
414
417
504
388
460
603
447
'532
"712
M77
428
659
392
2,338
4,973
2,075
5, 523
1,997
5,096
2,444
6,272
2,358
2,700
2,856
2,653
101, 903
117,252
116,606
109, 222
95, 486
<• 93, 103
103, 348
93, 113
132.5
r 132.
6
r
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of dol.. 362, 163
160,340
Vet Adm • Face amount
do
Federal Home Loan Banks, outstanding advances to
1,674
member institutions
mil of dol
New mortgage loans of all savings and loan associations, estimated totalj
mil. of dol
By purpose of loan:J
Home construction
do
Home purchase
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
mil. of dol
Nonfarm foreclosures
number
Fire losses
thous. of dol
386, 209
144, 393
f Revised.
« Corrected.
§ Data for September and December 1960 and March and June 1961 are for 5 weeks; other months, 4 weeks. Contracts in Alaska and Hawaii are included beginning 1960.
cfData for August and November 1960, and January and May 1961 are for 5 weeks; other months, 4 weeks.
f Revised series.
Data (from Bureau of the Census) are based on a different definition of a housing unit and reflect more complete coverage than the old series and inclusion of starts in
Alaska and Hawaii; revisions prior to June i960 will be shown later.
{Revisions for Dept. of Commerce construction cost index (prior to 1958) and for new mortgage loans (1955-November 1959) will be shown later.
^Copyrighted data; see last paragraph
of headnote, p. S-l. ©Data reported at the beginning of each month are shown here for the previous month. ? Includes data for items not shown separately. ©Revisions for 1955-M.arch
1960 are available upon request.
SURVEY OF CURRENT BUSINESS
September 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-9
1960
July
1961
October NovemA u.s ust September
ber
December
Janu-
ary
Febru-
March
ary
April
May
June
July
August
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
_
1947-49=100__
Business papers
- do ._
Magazines
do
247
250
195
236
259
179
235
251
181
246
247
208
234
244
175
235
235
181
234
227
194
229
225
186
236
221
187
229
234
177
236
241
182
241
242
171
-do __
__do
do
1950-52—100--
203
166
28
547
198
169
25
502
205
164
22
492
203
170
21
507
202
166
22
513
209
147
18
500
206
149
18
479
190
140
24
505
212
135
23
520
196
125
23
512
200
126
25
532
215
149
25
557
Television advertising:
Network:
Gross time costs total
thous. of dol__
Automotive, including accessories
-do
Drugs and toiletries
-- do _ Foods soft drinks, confectionery
do
55, 778
3,796
14, 508
8,786
50 867
3,174
16 888
9,575
51,415
4,022
14 791
9,203
63, 350
7,177
17, 365
11,931
63 982
5,452
16 574
12, 274
60 685
4, 652
17,990
12,218
61 894
4 919
18 416
13, 367
57 071
3,701
16 601
12, 870
63 615
3 944
18 225
14, 362
59
3
15
13
700
829
598
282
59 866
3,571
18 432
12, 037
4,377
5,464
18, 848
5,619
6 254
9,358
6,234
6,365
10, 800
6,225
6 148
14, 505
6,070
6 240
17, 372
5,421
7,030
13, 375
6 506
6 814
ll' 802
6,736
6 049
11, 114
7,788
6 603
12, 693
7 716
6 467
13 265
7 237
7 036
13 717
7,129
6 603
12 094
Newspapers
Outdoor
Radio Q(network)
Televi ion (network)
-
Soaps, cleansers, etc
Smoking materials
All other
_
Spot (national and regional) :
Gross time costs, Quarterly total
Automotive, including accessories
Drugs and toiletries
Foods ^oft drinks confectionery
do
do_ _
do ___
Soaps cleansers, etc
Smoking materials
All other
- do
do_ __
do
Magazine advertising:
Cost, total
Apparel and accessories
Automotive incl accessories
Building mpterials
_- -Drills and toiletries
Foods soft drinks confectionery
.-_
__
-
-
1163,060
5,139
32, 472
56 598
1 151, 328
3,991
31 060
56 618
U60 599
4,555
28 179
54 113
17 407
7, 656
34 850
16, 056
8,457
44, 338
16 808
7,547
35 304
21 610
8 316
43 826
51, 089
5 265
4 048
1,905
5 683
7,541
69, 563
8 697
3 ?15
4,139
6 221
8,724
98, 071
6 841
14 739
3,374
8 828
13, 144
82, 400
5 182
9 697
1,950
7 407
10, 353
64, 714
3 575
5 341
800
6 440
9,403
48,883
1 468
6 825
1 555
3 899
8 032
64, 501
3 126
7 498
2 073
5 548
11 364
77, 026
5 590
8 157
2 767
7 176
11 554
83
6
8
4
6
11
do
do
do
do
do
do
3,344
3,142
3,870
585
2,092
15, 654
2,682
3, 005
3,531
528
2,082
14, 820
3, 857
5,524
4,969
704
1,918
21, 595
5,293
8, 253
6,355
867
2,259
28, 119
5,771
7,322
4,865
823
2,517
26, 514
7,467
4.422
3,529
351
2,611
20, 775
2 687
2,003
1 897
445
1 676
18, 395
3 336
3,052
2 755
792
2 527
22, 429
4 312
4, 675
3 590
807
2 696
25, 701
4 425
6,722
4 382
946
2 234
26 764
3,619
4,457
5,314
5,914
4,787
4,060
2
2
10, 288
217,418
do
do _ _ 63, 504
do _-. 153,914
224, 124
63, 563
160, 561
240, 074
60, 905
179, 169
265, 798
63, 434
202, 364
256, 625
55, 626
200, 999
238, 724
48, 260
190, 464
195, 666
53, 552
142,115
188,582
50 045
138, 537
236, 150
57, 833
178, 318
241,811
60 353
181, 458
249 311
62 236
187 074
12, 124
do
4,852
do_ __
do_ _ _ 23, 240
113, 697
do
11,905
3,408
21, 977
123, 271
12, 253
3,802
28, 782
134, 333
17, 012
4,844
36, 341
144, 166
13, 148
4,343
34, 119
149, 390
8,507
4,610
24, 803
152, 545
11 038
6,722
19 003
105,352
9
4
22
101
12 765
4,654
29 046
131, 853
13
5
30
132
15 832
4* 599
32 261
134 382
thous. of lines.-
-
125, 012
4,664
22 582
37 853
51, 260
742
5 639
2,118
6,257
7,816
Newspaper advertising linage (52 cities), total
Classified
_ _
Display, total
_
Automotive
Financial
General
Retail
61
3
16
13
do
do
- - do. _
-do
do_ _
__do- __
Beer, wine liquors
Household equip., supplies, furnishings
Industrial materials
Soaps, cleansers, etc
Smoking materials
-- All other
Linage, total
!
do. __
do __
do _ - --do
794
271
479
596
9, 206
9, 878
779
067
779
913
2
10, 908
2
453
543
614
2909
74
792
137
127
959
235
522
889
823
260
099
043
47, 631
689
3 498
1 752
5 890
8 392
4 458
6,700
4 716
718
2 189
24 971
4 105
4,013
4 235
688
2 729
21 637
3 226
2,442
3 278
401
2 246
15, 817
2
2
2
78
5
7
3
7
10
66
2
5
3
7
10
734
779
600
585
189
830
8 951
7 497
6, 855
236 522
61 252
175 269
207, 661
60, 597
147, 064
13
4
30
126
10
5
21
109,
c
848
991
383
046
836
529
031
668
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:t
Goods and services, total
bil. of dol..
329.7
332.3
330.7
336.1
Durable goods, total?
do
Automobiles and parts
_ _
_ _ do
Furniture and household equipmentdo. __
43.4
17.8
18.7
43.8
18.6
18.3
39.4
14 8
17.8
42 0
16 7
18 3
152.7
28.3
79.9
11.6
153.1
27.7
80.8
11.8
153.7
27.9
81.1
11.7
154 1
27 6
81 4
11 7
133.6
19.7
42.7
10.5
135.4
20.0
43.1
10.5
137.5
20.6
43.6
10.5
139
20
44
10
Nondurable goods, total?
Clothing and shoes-- _ __ _
Food and alcoholic beverages
Gasoline and oil
do
do_ _do
do
Services, total?
Household operation
Housing
Transportation
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total}
--do
_ do
do
do
mil. of dol._
Durable goods stores 9
do
Automotive group
_. ._ „ _ _
do.
Motor-vehicle, other automotive dealers do
Tire, battery, accessory dealers. _ _ _ . do
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, TV, radio stores.. do
Lumber, building, hardware group
Lumber, building materials dealerscf
Hardware stores
Nondurable goods stores? __
Apparel group ___ _ __
Men's and boys' wear stores _
Women's apparel, accessory stores
Family and other apparel stores
do
do _
do
do
do
_ _ do
do
do
9
9
2
7
18, 066
18,153
17, 898
18, 648
18, 385
22,153
15, 803
15,071
17, 934
17, 398
18, 532
5,773
3,098
2,870
228
5,952
3,221
3,003
218
5 613
2,864
2,661
203
6,013
3,232
3,027
205
5 814
3,174
2,976
198
6 091
2,998
2,731
267
4 634
2 676
2,526
150
4 479
2 587
2 438
149
5 467
3' 190
3,007
183
5 414
3 088
2 890
198
6 006
3*413
3 192
221
r 3 454
r 3 207
858
539
319
898
580
318
881
561
320
919
600
319
927
606
321
1,123
696
427
723
445
278
682
431
251
776
488
288
768
493
275
844
553
291
'895
r
563
1,036
799
237
1,082
858
224
1,027
800
227
1,036
812
224
932
723
209
892
601
291
659
493
166
632
475
157
820
625
195
878
666
212
990
755
235
12, 293
957
179
370
221
12, 201
1,016
177
394
246
12, 285
1 142
192
443
274
12, 635
1 183
219
467
295
12, 571
1 190
229
464
314
16,062
1 979
440
749
528
11,169
886
187
347
202
10, 592
775
146
315
179
12, 467
1 191
200
457
302
11, 984
1 019
181
401
238
r
18, 907
r Q 214
r 247
r332
r 17, 965 3 18, 267
r 5 577
r 3 076
2 838
238
••840
527
313
240
1,007
779
228
12, 526 r 12, 693
1 105 r i 109
r 242
205
434
'405
260
••256
r 12, 288
T 947
189
356
225
' 1,039
r 799
3 5 754
3 2 987
3
885
3 12, 513
3 1 013
' Revised.
1 Not comparable with data through 1st quarter 1960 due to change in estimating procedures; figures comparable with 1st quarter 1960 are as follows (thous. dol.): 1960—2d quarter, 174,245; 3d quarter, 135,013; 4th quarter, 176,105; 1961—1st quarter, 164,487. 2 Beginning
January 1961, data represent ad page volume; comparable figures for 1960—January 9 743* Febru
3
ary, 11,147; March, 11,966; April, 11,378; May, 10,226; June, 8,279; July, 7,647.
Advance estimate.
f Revised series. Revisions for 1957—March 1960 appear on p. 15 of the July 1961
SURVEY.
? Includes data not shown separately.
J Beginning January 1960, data were revised to reflect changes (principally in the 11-or-more stores group) in the reporting sample and kind
of business classification based on data from the 1958 Census of Business; the revised figures are not strictly comparable with earlier data which are based on the 1954 Census (revisions for January 1960 will be shown later).
<? Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
« Corrected.
SURVEY OF CUKRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1061
19 50
July
August
Septem- October Novem- December
ber
ber
January
February
March
1961
1
April | May
June
July
August
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued!
Nondurable goods stores— Continued
Drug and proprietary stores
mil. ofdol .
Eating and drinking places
do
Food group
do
Grocery stores ._ _ __
do.
Gasoline service stations
do
"•624
1,432
- 4, 771
r 4, 295
- 1,568
-627
1,492
4,682
4,209
1,622
1
616
1,493
4,564
4,100
1,614
1,966
1,143
156
312
383
-1,993
- 1, 180
142
315
-393
1,772
1,016
120
301
400
2.029
1,194
17,860
17,995
-18,199
- 18, 069
5,547
3,044
2,838
206
5,409
2,919
2,714
205
5,549
3,105
2,900
205
-r 5, 586
3, 068
r 2, 854
'214
- 5, 541
2, 975
2,757
218
812
509
303
833
515
318
872
547
325
839
537
302
-857
-547
-310
877
560
317
913
689
224
900
682
218
944
720
224
900
687
213
877
673
204
-899
-687
212
925
700
225
12, 399
1,100
210
425
278
187
12,414
1,144
224
442
281
197
12, 447
1,130
211
441
277
201
12, 580
1,161
224
437
294
206
12, 451
1,076
205
409
265
197
12, 446
1,103
216
415
280
192
638
1,346
4,594
4,127
1,464
633
1,358
4, 502
4,062
1,502
615
1,340
4, 563
4,115
1,465
629
1,339
4,590
4,122
1,473
634
1,390
4,603
4,128
1,491
628
1,380
4,548
4,085
1,474
630
1,347
4,624
4,164
1,480
2,033
1,201
160
317
397
1,980
1,131
166
330
418
1,991
1,173
157
311
391
1,950
1,112
152
329
422
1,998
1,159
149
331
405
2,039
1,172
168
334
407
2,027
1,192
161
322
420
1,974
1,132
157
335
400
- 2, 067
- 1, 205
160
339
-416
2,070
1,235
155
326
389
25, 020
11,040
13, 980
25, 890
11,550
14, 340
26, 380
11,800
14, 580
24, 380
11,420
12, 960
24, 250
11,480
12, 770
24, 690
11,560
13, 130
25, 030
11,500
13, 530
- 25, 200
11, 490
- 13,710
25, 060
11, 550
13, 520
- 24, 620
11,420
- 13, 200
24, 460
11,320
13,140
25, 200
11.650
4,920
2, 100
2,270
25, 340
11,760
5,070
2,060
2,290
25, 360
11,900
5,240
2,030
2,290
25, 420
11,930
5, 300
2,040
2,270
25, 440
11,930
5,270
2,000
2,280
25, 160
11,610
4, 960
1,960
2,290
24, 900
11, 380
4,770
1, 950
2,270
24,410
10, 950
4, 380
1 , 950
2,250
24, 410
10, 900
4,330
1,940
2,240
24, 520
10,990
4,450
1,960
2,220
- 24, 590
-11,060
4,520
1,960
2,230
24, 730
11,150
4, 560
1,960
2, 250
13, 510
2,750
3,040
4,390
13, 550
2 780
3,040
4, 420
13,580
2,790
3,020
4,410
13,460
2,780
3, 000
4,320
13,490
2,780
2,990
4,370
13, 510
2,810
3, 050
4,320
13. 550
2, 850
3, 060
4,290
13,510
2,790
3,090
4,260
13,460
2,750
3,120
4,280
13,510
2,780
3,110
4,280
13, 530
2,780
3,120
4,290
- 13, 530
2,780
r
3, 130
- 4, 290
13, 580
2,800
3,140
4,310
do
4,552
4,556
4,757
4, 904
4,970
6,800
4,107
4,044
5,047
4,763
4,988
- 5, 193
4,805
do
4,110
607
1,497
4,691
4,220
1,587
613
1,480
4,405
3,948
1,568
608
1,394
4,517
4,073
1,470
627
1,379
4,516
4, 060
1,505
608
1,305
4,433
3,970
1,455
818
1,352
5,087
4, 579
1,511
606
1,229
4,287
3, 860
1,381
588
1, 135
4,173
3,747
1,282
627
1,282
4,702
4, 233
1,429
607
1,313
4,486
4,036
1,439
629
1,386
4,574
4,114
1, 523
1,712
970
117
292
420
1,925
1,102
154
314
400
1,941
1,141
149
305
398
2,093
1,241
165
318
404
2, 237
1,'316
327
421
3,604
2,104
258
674
637
1.456
829
120
222
359
1,417
796
117
239
341
1,921
1,105
163
312
374
1,803
1,052
134
286
375
Estimated sales (seasonally adjusted), totalt-do
18,118
18,201
18,104
18, 543
18,398
17, 887
17, 773
17, 795
18, 127
Durable goods stores9
do
Automotive group
do
Motor-vehicle, other automotive dealers. do
Tire battery accessory dealers
do
5,662
3,006
2,797
209
5,765
3, 211
3,016
195
5,779
3,177
2,971
206
6,076
3,405
3,203
202
5, 91 7
3,348
3,150
198
5,488
2,970
2, 757
213
5,359
2,848
2, 651
197
5, 348
2,890
2, 687
203
Furniture and appliance group
do
Furniture homefurnishings stores
do
Household-appliance, TV, radio stores__do
902
576
326
872
557
315
888
570
318
895
580
315
841
541
300
840
541
299
844
528
316
Lumber building hardware group
Lumber, building materials dealersd"
Hardware stores
do
do
do
962
726
236
942
725
217
911
690
221
936
719
217
916
713
203
895
674
221
do
do
do
do
do
do
12, 456
1,134
208
452
267
207
12, 436
1,180
227
461
279
213
12, 325
1,134
215
448
262
209
12,467
1,124
213
450
266
195
12, 481
1,130
211
444
283
192
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
do
do
do
do
629
1,351
4, 482
4,018
1,474
628
1,319
4,508
4,048
1 , 463
632
1,337
4, 456
4,013
1,465
637
1,344
4, 507
4,048
1,481
General merchandise group 9
Department stores excl mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
do
do
do
do
do ._
2,016
1,186
152
324
416
1,988
1,139
154
338
418
1,985
1,148
152
324
406
do _
do
__do
25, 100
11,990
13, 110
24, 960
11,480
13, 480
do
do
do
do
do
25, 420
11, 900
5,180
2,090
2,280
do
do
do
do
General merchandise group 9
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
do
do
do
do_ __.
^do
Nondurable goods stores 9
Apparel group
M en's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores
Shoe stores
Estimated inventories, end of month:
Book value (unadjusted), total
Durable goods stores
Nondurable goods stores
Book value (seas adj ), total
Durable goods stores 9
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Firms with 4 or more stores:!
Estimated sales (unadjusted)* total
Firms with 11 or more stores:!
Estimated sales (unadjusted), tota!9-
r
-12,613 ' 12, 528
1,113
-1,136
218
-229
432
-435
267
-275
196
-197
647
-642
1,337
-1,370
4,610
- 4, 622
4,142
-4,157
1,502
- 1, 500
4,094
4,250
4,343
4,387
6,003
3,534
3,472
4,334
4,065
4,263
4,462
4,133
do
do
.do
. do _.
237
22
96
71
269
*21
108
78
299
24
117
96
309
31
125
85
312
34
129
80
511
58
213
123
200
23
76
62
186
18
76
57
328
29
128
102
263
24
106
83
292
28
119
87
295
32
116
91
242
23
9S
73
do
do _ _ _
do
118
101
35
115
100
38
118
95
37
122
96
41
120
91
45
187
91
44
113
84
28
108
80
29
121
92
36
118
93
35
119
96
42
122
98
39
121
100
37
do. .
__.do
do. _.
do _ _ .
--do do
1,124
678
225
1,868
79
89
1,266
760
245
1,691
84
85
1,258
775
234
1,836
80
78
1.301
842
243
1,786
81
82
1,453
877
253
1,747
70
80
2,321
1,370
523
2,093
57
108
910
548
164
1,695
48
59
897
534
179
1,669
47
62
1,240
747
241
1,930
57
78
1,183
732
222
1,782
60
87
1,286
783
245
1,798
68
95
1,320
818
249
1,921
74
109
1,171
709
234
1, 820
71
103
do
4,259
4,248
4,249
4, 264
4, 269
4,245
4,195
4,262
4,348
4,270
4,282
4,371
4,360
293
28
116
81
303
31
121
88
297
30
119
87
298
30
122
86
295
29
121
85
279
27
113
79
289
30
116
88
293
29
120
88
295
29
119
88
274
26
112
81
291
29
114
86
290
30
117
84
297
29
118
82
122
94
40
120
93
38
123
93
38
124
94
38
125
94
39
124
91
37
122
90
36
123
90
33
124
94
36
125
95
37
121
95
40
125
95
38
124
93
41
1,304
1,292
1,280
1,306
1,282
1,295
General merchandise group 9
do
1,250
1,303
1,339
1,329
1,299
772
800
807
768
770
800
745
793
793
812
Department stores, excl. mail-order
do
768
264
252
246
253
248
237
248
246
258
249
Variety stores
do
264
1.822
1,788
1,795
1.790
1.817
1,811
1,808
1,808
1, 835
Grocery stores
do
1,795
1,828
70
70
69
71
70
67
67
68
67
Lumber, building materials dealersd"
do
62
61
83
79
83
82
83
84
81
79
89
Tire, battery, accessory stores
do
90
84
r
l
Revised.
Advance estimate.
ISee corresponding note on p. S-9 (total for firms with 4 or more stores did not revise; revisions occurred in components),
separately.
cfComprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
1,344
802
268
1,851
63
94
1,857
831
253
1,827
62
95
Apparel group 9 -- Men's and boys' wear stores
Women's apparel, accessory stores
Shoestores__
Drug and proprietary stores
Eating and drinking places - _
Furniture, homefurnishings stores
General merchandise group 9 -Department stores, excl. mail-order
Variety stores
Grocery stores
.
_.
Lumber, building materials dealersc?
Tire, battery, accessory stores
Estimated sales (seas, adj.), total 9
Apparel group9
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
1
18, 130
!5,517
1
12,613
9 Includes data not shown
September 1001
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-ll
1960
1961
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month:$
Charge accounts
__ 1947-49=100-.
Installment accounts. . .
_ do
Ratio of collections to accounts receivable:
Charge accounts
.
.percent Installment accounts
_
do _
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
_
_
do _
Sales unadjusted, total U.S
Atlanta
Boston
_
Chicago
Cleveland
Dallas
Kansas City
151
415
151
406
162
415
171
422
184
431
244
479
210
480
173
462
165
449
164
441
164
437
162
433
149
428
45
14
47
15
46
15
47
15
48
15
48
15
45
14
45
14
49
16
44
14
48
15
48
15
47
14
44
41
15
43
42
15
42
43
15
41
43
16
49
43
15
44
42
14
43
40
17
42
42
16
42
43
15
43
42
15
43
42
15
43
41
16
43
40
17
.. -1947-49 =100 _.
122
132
145
153
171
262
108
109
132
134
140
141
r p 126
do. _
_-do
- do do
do
-- do - -
165
95
113
115
156
140
170
106
123
128
165
154
172
131
136
140
159
159
187
132
143
145
176
164
906
155
158
167
190
181
329
249
238
254
293
274
137
95
98
105
130
121
141
91
96
104
127
114
177
116
116
130
155
137
172
120
123
126
159
147
171
131
131
133
160
152
166
129
132
r 133
110
«• 102
108
130
119
133
109
114
137
134
154
145
138
141
156
142
152
153
147
149
170
152
156
155
167
178
183
166
177
239
245
250
285
248
282
96
103
97
105
107
119
105
105
102
110
102
126
121
128
134
142
126
138
198
125
131
139
127
148
133
132
135
J49
140
145
-
-
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
do
do _
do
- -_do
do
-do_ _
Sales seasonally adjusted, total U.S. 9
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
--
__
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
.
-
-
-
Stocks, total U.S., end of month:
Unadjusted
Seasonally adjusted9
-
r
' 143
149
151
v
P
P
P
P
P
105
102
114
122
158
145
139
136
136
146
133
156
P
p
P
p
P
P
109
106
no
135
122
149
do
148
144
144
150
142
147
142
145
146
148
144
149
P 151
do. __
do_ _ _
do
do _.
do _
do
194
125
141
178
124
134
139
169
151
185
126
132
140
166
154
189
129
140
144
172
164
179
129
129
136
163
157
187
128
137
142
171
159
177
126
130
140
165
164
181
126
128
135
170
156
178
135
127
144
168
158
183
132
135
139
177
162
175
133
132
138
160
152
185
136
137
162
159
P
P
P
P
P
P
194
134
142
150
178
165
135
136
139
155
138
155
139
140
145
163
149
160
137
131
136
151
139
152
139
135
136
154
142
159
134
129
132
146
145
154
143
136
143
155
134
164
135
140
145
157
142
160
143
140
141
156
142
164
139
136
138
150
138
153
144
142
146
r
156
143
162
p
P
P
P
P
P
136
142
145
162
1-47
167
do
do _
do_
do
do
do
- do
do
' 142
175
159
137
r 142
r
160
133
137
136
150
140
155
r
157
167
166
169
176
168
186
167
192
169
150
165
145
162
153
161
164
161
169
162
165
164
156
164
p 157
P 166
11.6
4.2
7.3
13 0
4.7
8.2
12 8
4.6
8.1
12 8
4.5
8.2
12 9
4.3
8.6
12 6
4 1
8.5
11 4
38
7 6
11 3
37
7 6
12 8
4 2
8 5
11 7
4 0
7 7
12 8
4 4
8 3
r 12 8
12 0
4 2
78
12.9
7.0
5.9
13.1
7.0
6.1
13 2
6.9
6.3
13.6
6.9
6.7
13 6
6.8
6.8
13 2
6.6
6.6
13 1
6 6
6.6
13 1
6 7
6 4
13 4
68
66
13 3
69
6 5
13 3
6 8
6 5
r 13 3
68
6 5
13 3
6 7
65
r
136
' 143
157
«• 143
p 137
p 150
WHOLESALE TRADE
Sales estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments
bil. of dol_
_ do _ _
do
Inventories estimated (unadj.), total
Durable goods establishments.
Nondurable goods establishments
do _ _
do __
__do_ -_
4 6
'8 2
r
EMPLOYMENT AND POPULATION
POPULATION
Population, United States (incl. Alaska and Hawaii):
Total incl armed forces overseas§
thousands. _ 180, 670
180, 936
181, 232
181, 519
181 778
182 018
182 257
182 489
182 714
182 952
183 174
183 411
183 650
183 914
126 222 126 482
EMPLOYMENT
Noninstitutional population, estimated
number 14
years of age and over, totalo"1
thousands
Total labor force, including armed forces
Civilian labor force, total©
Employed
_ _
_ _ _
Agricultural employment
Nonagricultural employment
Unemployed
Percent of civilian labor force :0
Unadjusted
_ _ _
_
Seasonally adjusted
Not in labor force
125 288
125 499
125 717
125 936
126 725
126 918
127 115
127 337
127 558
127 768
127 986
128 183
do
75 215
74, 551
73 672
73 592
73 746
73 079
72 361
72 894
73 540
73 216
74 059
76 790
76 153
75 610
do
do
do
do
do
72, 706
68 689
6,885
61, 805
4,017
72, 070
68, 282
6, 454
61, 828
3, 788
71, 155
67 767
6, 588
61, 179
3 388
71, 069
67 490
6,247
61, 244
3,579
71,213
67, 182
5,666
61,516
4 031
70, 549
66 009
4, 950
61, 059
4 540
69 837
64 452
4,634
59 818
5 385
70 360
64 655
4^708
59 Q47
5 705
71 Oil
65 516
4,' 977
60 539
5 495
70 696
65 734
5,000
60 734
4 %2
71 546
66 778
5,544
61 234
4 768
74 286
68 706
6,671
62 035
5 580
73 639
68 499
6, 453
62 046
5 140
73 081
68 539
62 215
4 542
5.5
5.5
5.3
58
4.8
57
5.0
6 3
5. 7
62
6.4
68
77
66
81
68
7 7
69
70
68
6 7
6 9
7 5
6 8
7 0
69
6 2
6 Q
50 074
50 948
52 045
52 344
52 476
53 403
54 364
54 024
53 574
54 121
53 499
50 977
C1 CQQ
52, 923
16, 250
9,342
6,908
53, 062
16, 386
9,296
7,090
53, 496
16, 505
9,403
7, 102
53, 391
16, 313
9, 305
7,008
53, 133
16, 129
9 235
6,894
53,310
15 836
9 065
6 771
51, 437
15 580
8 902
6 678
51, 090
15 473
8 804
Q 669
51, 397
15 497
8 806
6 691
51, 843
15 536
8 865
6 671
52, 407
15 726
9 039
6 687
r 53, 123
r 15 973
r Q gQ6
r 9 121
r 6 gH
655
94
11
140
672
95
11
156
663
94
12
151
656
93
12
150
647
90
11
147
641
90
10
145
629
89
10
142
620
86
10
142
622
86
g
140
fiOQ
AQfl
r fi4O
r fi^r-J
86
87
88
136
136
137
126
292
118
292
118
289
117
285
117
285
114
286
109
284
104
282
101
284
104
285
108
287
111
292
114
295
114
thousands
Employees on payrolls (n on agricultural estab.):
Total, unadj. (excl. Alaska and Hawaii) A— thousands.
Manufacturing
_
_. do_ Durable goods industries
do
Nondurable goods industries
do
Mining, total
do
Metal_ _
do
Anthracite
_ _ _ _ _
do
Bituminous coal__
do. _
Crude-petroleum and natural-gas production
thousands..
Nonmetallic mining and quarrying
do
g
g
r
g
Jgy
r
r
52, 858
15 932
6,325
ro
£70
P 53, 142
P 16 194
r, Q 1 CX
v 7 O4.fl
88
Q
tfData beginning January 1960 include figures for Alaska and Hawaii: see the December 1960 SURVEY for January 1960 estimates for those States
0 For 1947-59 figures, reflecting adjustments of 1947-56 data to new definitions adopted January 1957 and monthly rates of unemployment (unadjusted), see pp 22 and 23 of the April 1960
SURVEY; revised seasonally adjusted rates of unemployment appear in the February 1961 issue of "Employment and Earnings" (U.S. Department of Labor)
ATotal employment in U .S., including Alaska and Hawaii (thous.): 1961—June, 53,374; July, 53,119; August, 53,400.
SUEVEY OF CURRENT BUSINESS
S-12
September 1061
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
July
1961
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls of nonagricultural est., unadjusted—Continued
Contract construction
thousands..
Transportation and public utilities 9
do
Interstate railroads
_
_ do. _
Local rail ways and bus lines
do
Trucking and warehousing
_ do
Telephone
do
Gas and el ectric utilities
do
Wholesale and retail trade
.
Wholesale trade
Retail trade 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places
Laundries
_
Cleaning and dyeing plants
Government
-
3,098
3,939
912
91
879
714
589
3,130
3,921
905
90
877
714
585
3,069
3,907
876
91
892
708
585
3,006
3,889
869
88
902
704
579
2,847
3,868
852
89
898
702
578
2,552
3,843
849
89
881
699
577
2,385
3, 763
818
89
854
696
574
2,264
3, 759
817
89
851
695
573
2,414
3,749
813
88
848
695
574
2,617
3,756
814
88
850
694
572
2,799
3,773
820
88
857
692
576
_.do_ __ 11,591
3,138
do
8,453
do
1,433
do
1,660
do
824
do
11,592
3,153
8.439
1, 452
1,641
820
11,665
3,153
8,512
1,504
1,641
815
11, 742
3,162
8,580
1,554
1,652
813
11,842
3,163
8,679
1,655
1,659
814
12, 405
3,161
9,244
2,022
1,683
828
11, 464
3,116
8,348
1,476
1,641
794
11, 279
3,102
8,177
1,392
1,641
787
11,337
3,091
8,246
1,436
1,632
784
11, 389
3,090
8,299
1,443
1,632
790
11, 446
3,086
8,360
1,457
1,638
793
2, 530
6,715
592
316
176
8,145
2,536
6, 685
591
310
171
8,140
2,515
6,698
509
307
175
8,474
2,501
6,698
466
306
180
8,586
2,499
6,665
455
304
179
8,636
2,504
6,612
448
301
176
8,917
2,490
6,518
437
300
175
8,608
2,494
6. 527
441
297
173
8,674
2,507
6,566
442
298
176
8,705
2,520
6,679
464
299
179
8,723
2,528
6,753
478
303
182
8,752
53, 145
16,417
9,452
6,965
53, 046
16, 265
9, 338
6,927
52, 998
16, 275
9,391
6,884
52,809
16, 132
9,266
6,866
52, 591
16, 030
9,190
6,840
52, 221
15, 790
9,030
6,760
52, 232
15, 676
8,918
6,758
51,984
15, 527
8,792
6,735
51, 939
15, 541
8,781
6,760
52, 243
15, 678
8,865
6,813
52, 541 r 52, 949
15,910 ' r16, 048
9,058
9, 162
6,852 ' 6, 886
658
2,858
3,910
11,736
2,480
6,682
8,404
665
2, 835
3,892
11, 764
2,499
6,652
8,474
660
2,800
3,879
11, 665
2,515
6, 665
8,539
656
2,804
3,879
11, 668
2,514
6,632
8,524
644
2,783
3,858
11, 568
2,512
6,665
8,531
638
2,647
3,821
11,541
2,517
6,679
8,588
629
2,698
3,820
11, 634
2,515
6,651
8,609
620
2,636
3,803
11, 576
2,519
6,660
8,643
622
2,715
3,768
11, 479
2,520
6, 632
8,662
629
2,781
3,763
11, 546
2,520
6,646
8,680
636
'636
P628
'637
2,752 rr 2, 843 ' 2, 854 v 2, 861
3,776
3, 803 ' 3, 812 * 3, 810
11, 577 ' 11, 649 ' 11, 687 P! 1,709
2,528 * 2, 531 ' 2, 533 P 2, 551
6,653 ' 6, 695 ' 6, 729 * 6, 704
8,709 ' 8, 743 ' 8, 739 P 8, 802
12, 145
6,888
72
12, 265
6, 833
72
12, 399
6,949
74
12, 226
6,863
72
12, 037
6,786
74
11, 745
6,613
74
11, 502
6,456
73
11, 395
6,359
73
11,418
6,363
73
11, 463
6,429
72
11, 643
6,595
74
r 11, 860
606
291
321
450
924
607
293
327
452
910
598
285
328
449
905
581
276
327
442
891
547
264
320
431
870
518
252
310
4]6
851
508
247
303
401
838
496
243
303
396
829
498
244
302
402
833
519
252
305
410
845
551
262
304
420
877
593
270
308
428
'898
_ __do
do
do
do _
do
- --do
Total, seas. adj. (excl. Alaska and Hawaii) A--do
Manufacturing
do
Durable goods industries
_
_ do
Nondurable goods industries
do. _.
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade
Finance insurance and real estate
Service and miscellaneous _
Government
do
do
do
do
do
___do
do
Production workers on manufacturing payrolls, unadj. :
Total
__
thousands
Durable goods industries
do
Ordnance and accessories
_ do.
Lumber and wood products (except furniture)
thousandsSawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries _
do
Blast furnaces, steel works, and rolling mills
thousands..
' 3. 034 ' 3, 094 * 3. 158
' 3, 818 ' 3, 840 p 3, 838
832
838
88
87
877
875
695
699
582
588
' 11, 543 p 11, 538
3, 120 ' 3, 134 p 3, 143
' 8, 455 ' 8, 409 P 8, 395
1,467
1,443
1,639
1,643
802
804
' 11, 575
r
r 2, 556 ' 2, 584 p 2, 589
' 6, 795 ' 6, 763 P 6, 738
508
580
308
308
186
180
' 8, 732 ' 8, 469 *8,453
' 53, 078
' 16, 088
' 9, 226
' 6, 862
v 53, 132
p 16, 067
•» 9, 194
* 6, 873
'11,804 P 12. 057
' 6, 706 ' 6, 651 P 6, 682
74
'74
p74
'591
268
'309
'430
'899
*>596
P319
P442
P919
439
431
418
409
395
381
377
381
387
398
418
429
817
1,130
850
1,105
574
358
119
223
389
819
1,112
861
1,036
509
365
118
226
410
835
1,104
877
1,135
597
367
119
225
418
834
1,087
839
1,149
614
366
119
223
418
817
1,085
867
1,147
610
372
117
222
406
794
1,081
844
1,125
596
369
116
218
383
771
1,075
842
1,068
542
367
117
215
364
754
1,077
835
1,012
492
366
116
211
373
750
1,076
830
1,013
489
367
118
211
374
762
1,081
826
1,018
500
364
117
210
379
788
1,082
836
1,059
544
360
117
212
391
801
' 1, 079
'844
1,064
552
358
115
214
401
'788
»808
' 1, 070 9 1, 072
'836
P864
*952
' 1, 050
541
355
115
212
P216
'392
P419
5,055
5,034
5,132
5,036
5,450
5,251
5,046
o, 432
5,363
5,048
5, 257
Nondurable goods industries
do
932
942
984
1,171
951
925
1,112
1,036
943
1,064
1,142
Food and kindred products 9
do
230
231
242
230
248
236
248
237
246
243
249
Meat products
do
148
155
155
157
140
325
141
254
188
219
297
Canning and preserving
do
158
158
162
159
158
164
163
158
165
163
165
Bakery products
do
68
64
72
97
63
82
78
94
69
81
75
Tobacco manufactures
do
807
814
819
823
806
850
832
859
840
848
807
Textile mill products 9
do
341
341
341
343
348
356
349
351
345
360
360
Broadwoven fabric mills. .
do
191
196
186
199
188
203
206
198
201
183
197
Knitting mills
_
_ _
__do_ _
1,074
1,041
1,052
1,035
1,063
1,094
1,079
1,079
1,038
1,060
1,107
Apparel and other finished textile prod do
432
433
452
432
435
437
445
434
444
449
451
Paper and allied products _
do
216
216
219
216
217
225
221
222
226
223
217
Pulp, paper and paperboard mills
do _
571
568
579
568
567
578
584
571
573
585
568
Printing, publishing, and allied industries— do
532
537
531
525
535
537
533
538
528
538
537
Chemicals and allied products..
do
204
203
203
206
205
207
206
204
206
210
211
Industrial organic chemicals
do _
142
143
142
144
145
150
147
144
160
153
154
Products of petroleum and coal
do
111
111
112
113
110
115
114
113
112
117
117
Petroleum refining
_ _
do __
180
180
181
184
191
193
198
198
196
188
192
Rubber products
do
318
311
322
311
317
321
318
319
318
331
322
Leather and leather products
do
Production workers on mfg. payrolls, seas, adj.:
11,455
11, 596
11,444
11, 819
11,701
12, 176
12, 048
11,937
11, 594
12, 321 12, 158
Total
thousands _
6,431
6,339
6,614
6,348
6,579
6,937
6,740
6,471
6,824
6,875
7,000
Durable goods industries
_
.do
5,116
5,165
5,096
5,205
5,122
5,239
5,224
5,197
5,123
5,283
5,321
Nondurable goods industries.
do
Production workers on manufacturing payrolls :
Indexes of employment:
92.1
94.1
92.3
92.7
97.3
95.0
100.2
98.8
93.0
98.2
99.2
Unadjusted
1947-49=100
92.6
93.8
92.5
95.6
94.6
96.5
98.4
97.4
93.7
99.6
98.3
Seasonally adjusted
-do
Miscellaneous employment data:
Federal civilian employees (executive branch):
2,213. 3 2,213.9 2, 192. 9 2, 188. 9 2, 188. 9 12,478.2 2, 180. 4 2, 185. 7 2, 193. 2 2, 205. 0 2, 212. 1
United Statesf
thousands
216.7
215.1
216.1
216.3
214.6 i 222. 1
214.7
213.6
217.9
214.0
218.5
Washington, D.C., metropolitan area
do
Railroad employees (class I railroads):
730
734
727
729
759
764
731
782
787
817
824
Total
thousandsIndexes:
54.9
54.9
54.7
56.9
55.3
57.6
55.1
59.4
58.9
62.0
61.5
Unadjusted
1947-49=100—
55.2
55.0
55.6
58.2
54.6
54.5
58.9
59.3
60.4
60.1
60.7
Seasonally adjusted
do
' Revised. p Preliminary. l Includes Post Office employees hired for Christmas season; there were about 292,800 such employees in the United States in
data for industries not shown, cf Except ordnance, machinery, and transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.); 1961—June, 53,197; July, 53,340; August, 53,390.
^Employees in Alaska and Hawaii are included
and August 1959, respectively.
' 5, 154
1,008
242
180
164
64
'833
344
204
1,047
'443
222
570
'534
208
'145
111
188
321
' 5, 153 P 5, 375
' 1, 056 P 1, 157
242
223
164
'62
P78
'823
*>837
341
200
' 1, 025 v 1, 084
436
J>443
218
'570
"571
'534
P538
211
'144
P 144
109
'187
P 191
317
^330
Fabricated metal productscf
do
Machinery (except electrical)
_ _ do _
Electrical machinery
do
Transportation equipment 9
_ _ _
do _
Motor vehicles and equipment
do
Aircraft and parts
do
Ship and boat building and repairs
do
Instruments and related products
do
Miscellaneous mfg. industries
-do
435
' 11, 933 ' 11, 974 p 11, 943
' 6, 702 ' 6, 762 P 6, 724
' 5, 231 ' 5, 212 p 5, 219
95.9
96.5
'95.4
'96.8
2, 248. 0
223. 9
2, 265. 0
225.5
'747
P752
P97.5
*96.6
*>755
56.2
J>56. 7
"56.8
55.0
?55. 5
P55.8
Decembe r 1960. ? Includes
effective with Jan uary 1959
SURVEY OF CURRENT BUSINESS
September 1961
S-13
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
July
1961
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
Construction (construction workers)
1947-49=100
Manufacturing (production workers) _ __
do
Mining (production workers)
do
262.8
169.0
103 3
267 9
169.2
104 5
259.4
172. 5
101 6
258 4
170.5
101 6
227 1
166 2
97 0
197 1
160 6
97 0
193 9
158. 5
97 7
181 7
157 1
94 5
191 6
158.2
91 5
211 3
160.3
94 5
232 7
164.8
97 2
- 262. 5
- 170. 7
- 101 6
267. 5
- 169. 4
102 7
p 172. 8
39 8
2.4
39.9
2 3
40.0
39 8
2.4
40.0
2 3
40.0
39.6
2.5
39.9
2.5
40.5
39 7
2 5
40.2
2 4
40.4
39 3
39.6
2 0
40.8
38 6
20
39 1
1 9
40 2
38 9
1 9
39.2
1 7
40.7
38 9
19
39.3
17
40.7
39.1
1.9
39.5
1.7
40.7
39 3
2 0
39.9
1 9
40.8
39 6
21
40.2
2 0
40 8
40.1
2.4
40.6
2 3
40.7
40 0
2.4
-40.3
2.3
- 40. 6
P 2.
P 40.
P 2.
P 40.
39.3
39 9
40.0
40.8
38.7
39.6
40 2
40.8
41.0
38.1
39.9
40.2
40.5
40.5
38.0
39.6
39 8
40.4
40.9
37.9
38.4
38 9
39 6
40.7
37 4
38.6
38 9
39 9
39. 6
37 2
38.8
38 6
38 3
39.8
37 7
38.5
38 5
38.7
39.8
37 8
38.9
38.9
38.9
40.2
38.1
39.5
39 7
39. 0
40.2
38 8
40.0
40 6
38 8
40.7
39 4
-40.5
40 9
39. 9
-41.3
40. 1
-39.4
40. 1
- 39. 9
41. 1
-40. 1
P 40. 5
P 41. 2
T 40. 4
37.2
40.5
40.9
39.3
36.6
41.0
40.5
39.9
36. 5
40.7
40.3
40.1
36.3
40.5
40.5
40.3
35.5
39.9
40 1
40.0
35.5
39.1
39 9
39. 1
36. 5
39.3
40 2
39.9
36.7
39,2
40 2
39.9
37.0
39.6
40.2
39.7
38. 1
40.0
40.6
39.9
38.7
40 5
40 7
40 0
39.5
41.1
40.9
40. 3
39.6
-40.8
- 40. (i
- 39. 9
P 40. (>
f 40. 2
40.2
40.0
41.1
39 3
40.4
39.4
39.6
38.8
40.9
39 5
40.5
40.0
40.2
40.6
40.6
37 4
40.1
39.5
41.1
41.6
41.0
39 4
40.5
40.1
40.2
40 2
41.1
38 4
40.6
40.0
39.8
39 5
41. 1
37 9
39.2
38.4
38.9
37 3
41. 5
39 1
40.2
39. 4
39.3
37.7
41.6
39 2
40.1
39.6
39.6
38.5
41.3
39 3
40.3
39.5
40. 1
39 7
41.0
40 0
40.2
39.5
40 5
40 6
40 8
40 0
40.3
39.7
40.5
40. 8
40. 6
39 3
- 40. 6
- 40. 1
- 40.4
40.4
40.7
39 8
-40.4
- 39. 0
do
do
do
do
do
do
39.6
2 6
41.1
41.2
39.5
40.9
39.5
2 5
41.2
41.2
40.9
40.4
39.1
2.6
41.6
41.5
42 2
40.3
39.0
2 5
41.0
41.1
40.0
40.5
38 8
2 3
40.5
41.2
36 4
40.5
38 0
2 2
40.2
40.8
36 8
39.7
38 4
2 0
40.2
40 3
37 4
39 6
38.4
21
39.9
39.4
37 8
40.1
38.7
21
39.9
40.1
37.2
39.8
38.7
39.8
40.3
36 8
39.8
39 0
2 3
40.8
41 3
39 2
40 5
- 39. 5
2 5
-41. 1
41.9
38 5
40 8
- 39. 6
-2 6
-41.1
41. 0
38 3
40.8
p39. 7
p2 6
MO. 7
do
__ do
do
do
37.6
39.7
40.6
38.4
37.9
39.7
40.3
38.6
40.3
38.3
38.7
37.6
40.5
38.8
39.3
37.9
37.7
39.0
39.4
37.5
39.3
38.2
39.1
35.9
37 8
38.0
38 7
35.9
37.2
38.5
38.8
37.1
36.7
38.8
39.0
37.2
38.4
39.0
39.4
37.1
38 2
39.5
39 8
37.9
39 7
40.2
40 3
38.7
-38.4
39.9
40.3
38.6
*>40 0
p40. 4
Apparel and other finished textile prod
do
Paper and allied products..
do
Pulp, paper and paperboard mills
do
Printing, publishing, and allied industries __ do
36.4
42.5
43.8
38.2
36.7
42.5
43.6
38.3
35.4
42.3
43.4
38.6
35.5
42.3
43.4
38.4
35.3
41.9
42.9
38. 2
33.4
41.1
42.7
37.7
34.4
41.5
42 8
37.8
35.1
41.7
42.9
37.7
35.7
41.8
43.0
37.9
35.4
42.2
43.6
37.7
35.2
42.2
43 5
37.7
35.7
-42.9
43.9
37.8
-36.3
-43.0
44.0
-37.8
p 36. 6
Chemicals and allied products
Industrial organic chemicals. _
Products of petroleum and coal
Petroleum refining
Rubber products
_
Leather and leather products
41.6
41.9
41.5
41.2
40.6
38.4
41.3
41.2
40.7
40.3
39.9
38.1
41.3
41.1
41.3
41.1
39.0
35.9
41.2
40.8
40.7
40.6
39.8
35.9
41.4
41.2
40.4
40.7
39.2
36.4
40.9
40.9
40.5
40.7
38.9
35.9
41.1
40 8
41.2
41 5
38.9
37.9
40.9
40.8
40.0
40.5
38.6
37.4
41.3
40.9
40.5
40.6
38.6
37.0
41.3
41.2
41.0
41. 1
39.4
35.9
41.3
41 3
41.0
40 9
39.8
36.8
- 41. 8
41 9
41.5
41 2
-40. 1
-38.0
- 41. 5
41.7
-41.9
41. 7
-40.7
-38.3
P41.5
41.5
41.4
34.0
37.3
40.7
41.6
34.4
35.0
40.1
41.6
30.8
33.2
40.3
40.6
34.5
34.1
39 3
40.2
34 6
32.1
39
41
34
33
40
40
38
34
0
7
4
2
39 6
40.5
37 0
33.9
38.7
39.9
33 8
30.3
39 6
40.3
31 2
32.9
40 3
40 1
33 5
35 2
41
41
33
37
42
41
39
38
40.9
45.0
40.3
44.9
41.0
44.2
40.8
44.4
40.7
42.5
40.3
41.2
42.0
42.0
40.3
41.6
40.2
41.7
41.1
42.5
40.2
43.7
40.2
44 4
41.7
44.2
37.8
42.2
36.7
37.9
42.3
36.7
37.2
42.0
36.0
37.8
42.6
36.6
35.3
38.6
34.5
34 1
37.3
33.4
36 2
39 4
35 6
36 0
39.2
35.4
35 5
38.7
34.8
35 6
38. 1
35.0
36 4
39 8
35.5
37 4
41 1
36 3
37 4
41 4
36.3
43.2
39.8
40.9
43.2
39.5
40.8
42.9
40.8
41.8
42.6
40.0
41.2
42.8
40.4
41.2
43.3
39.5
41.3
42.1
39 0
40 9
42.7
39.1
40.9
42.3
38.8
40.7
42.5
38.7
40.6
42.9
38 9
40.6
43 5
39 2
40 8
42.4
39.6
41.0
HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls of
n onagri cultural establishments:
411 manufacturing industries
hours
4vera°"e overtime
do
Durable °~oods industries
_
do _
4 vera^e overtime
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
hours. _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone clav and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
hours __
Fabricated metal productscT
.. do
Machinery (except electrical)
do
Electrical machinery
_
do
Transportation equipment 9
..
do
Motor vehicles and equipment
do
4ircraft and parts
_
_ _ _ _ do
Ship and boat building and repairs
do
Instruments and related products
do
Miscellaneous nifg. industries
do
Nondurable goods industries
4verage overtime
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
Tobacco manufactures
Textile mill products 9
Broadwoven fabric mills
Knitting mills
-
do
do
do
do
do. __
do
Nonmanufacturing industries:
Mining
do
Metal
do
Anthracite
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
hours..
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction . _
do
Building construction.
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
...
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
hours. _
General merchandise stores
_ do
Food and liquor stores.
do
Automotive and accessories dealers.
do _.
Service and miscellaneous:
Hotels, year-round. .__
do _
Laundries
_.
do
Cleaning and dyeing plants
do
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments:
All manufacturing industries
dollars
Durable goods industries
_
do _
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
1
4
9
5
P 40. 1
P 40. 4
p 40.5
P 40. 1
p 37. 9
P 40 7
P40.9
*>37.9
0
2
5
9
40.6
40.5
40.4
40.3
40.2
40 0
40 2
39 9
40 0
40 1
40 1
40 3
40 5
38.2
35.0
36.4
44.1
38.3
34.9
36.2
44.1
37.6
34.0
35.6
43.9
37.4
33.7
35.3
43.7
37.5
33.7
35.6
43.8
37.7
35.4
35.1
43.8
37.5
33.8
35 1
43.7
37.5
33.8
35.0
43.7
37.4
33.9
35.0
44.0
37.3
33.8
34.9
43.9
37.4
34.0
35.1
43.9
37.8
34.3
35 7
44.1
38.1
34.5
36 2
43.9
40.0
39.8
38.6
40.2
39.4
37.6
39.7
39.4
38.5
39.9
39.7
39.3
39.7
39.2
38.7
39.7
38.6
37.2
39.7
38 9
38.4
39.6
38.8
37.7
40.0
39.0
38.5
39.7
39.1
38.2
39.9
39 9
40.2
40 0
40 0
40 3
40.2
39 7
38.9
91.14
97.76
105. 20
90.35
97.20
105. 60
91.08
98.15
108. 14
91.31
98.89
108. 27
90.39
97.42
109. 34
89.55
96.97
108. 14
90 25
97.22
109. 48
90 25
97.07
109. 48
90 71
97.96
109. 89
91 57
99.35
110. 16
92 66
100 50
110. 98
81.35
79.00
74.40
93.02
81.97
80.00
75.89
93.89
84.19
80.00
75.74
92. 75
81.58
77.61
75. 55
94.07
77.18
74.30
74.05
94.02
77.59
74.30
75.01
91.48
77.60
74 11
71.24
91.54
76.23
73 54
71.98
91.54
77.80
74 69
72.74
92.86
81.37
78 21
72.93
93.26
83.20
80 39
72.56
94.83
- 84. 65
81 80
75.01
- 96. 64
- 82. 35
80 20
- 74. 61
- 96. 17
p 76. 55
p 96. 82
106. 78
106. 12
104. 72
105 28
107 82
107 73
108 97
112 13
114 26
117 09
- 117 49
p 118 78
110. 60
109. 63
106. 86
109. 34
114. 25
113. 77
115. 44
120. 02
122. 29
126. 01
126. 72
108. 75
Primary metal industries
do
106. 68
Blast furnaces, steel works, and rolling mills
dollars.. 113. 83 110. 53
r
Revised.
p Preliminary.
9 Includes data for industries not shown separately.
cf Except ordnance, machinery, and transportation equipment.
4
1
8
6
r
5
5
4
9
94 00 ^93 83
94 24
101 91 r 101 15 p 101 66
- 110. 70 -111.65 p 112. 48
P 83. 41
SURVEY OF CURRENT BUSINESS
S-14
September 1061
19 60
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
19 61
^
July
BUSINESS STATISTICS
A tip-list
her
October
her
her
ary
ary
March
April
May
99. 60
106. 78
94.16
111.88
111.95
112.75
110.80
97. 28
78. 61
101.66
107. 04
94.40
113.40
115. 71
112.20
111.60
97. 53
79. 00
June
July
August
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments— Continued
All manufacturing industries — Continued
Durable goods industries — Continued
Fabricated metal productsd"
_ _ . - dollars
Machinery (except electrical)
do
Electrical machinery
_ do
Transportation equipment 9
. _
. .do
M"otor vehicles and equipment
do
Aircraft and parts
do
Ship and boat building and repairs
do
Instruments and related products
_do^-_
Miscellaneous mfg. industries
.
- .do _
99.63
105. 11
90.39
110. 15
111.20
110.97
106. 90
95. 75
76.44
100. 45
103.68
91.77
108. 90
108. 64
110. 84
108. 23
95. 99
77.60
100. 94
103. 57
93.03
112. 96
116.52
111.24
103. 97
95. 44
77.03
100. 04
104. 49
93.09
115.49
119.39
111.93
109. 53
95. 99
78.20
98.15
103. 46
93. 20
112.16
113.77
112.61
105. 98
96. 63
78.40
96. 5S
103. 74
92. 28
111.44
111.79
113.44
106. 1?
94. 47
76. 03
97.07
104. 92
93. 77
108. 14
104. 81
114. 13
108. 31
96. 88
78.41
96. 82
104. 92
93. 77
109. 25
105. 56
114.82
108. 9*
96. 64
78.80
97. 81
105. 32
93. 30
109. 69
107. 80
113. 99
108. 47
97. 53
78. 61
r
f
103. 16 * 102. 41
107. 98 r 106. 78
95.91
' 94, 96
113. 81 ' 113.93
115.54
116. 28
111. 65
112.33
110. 43
113. 03
' 98. 66 ' 97. 77
' 79. 80 ' 78. 80
r
p 103. 57
P 106. 78
p 95. 68
p 114. 33
p 98. 01
p 79. 40
do
do
do
do
do
82.37
89. 60
100. 94
70.71
89.16
81.77
88.58
99.70
74. 03
88.48
81.72
89.02
102. 51
74.69
89. 06
81.51
88.97
101.11
72.00
89.51
81.48
89. 10
102.18
64. 79
89.91
80.18
89.24
101. 59
67.71
88. 53
81.41
90. 45
101.56
68.82
88.31
81.02
89.78
99.29
69.93
90. 23
82.04
90.17
100. 25
69.94
89.15
82. 43
89. 95
99. 54
70. 66
89. 15
83.07
92.21
102.84
74. 09
91.53
Tobacco manufactures
- do
Textile mill products 9
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries. do
68.43
64.31
65. 37
57. 60
56.42
97. 33
106. 87
106. 20
64.81
64.31
64.88
58.29
57.62
97. 75
106. 82
106.09
63.27
62.05
61.92
57. 15
55. 93
98. 14
107. 20
108. 08
65.21
63. 24
62.88
57. 99
56. 45
97.71
106. 76
107. 14
65. 60
63.18
62. 65
57. 38
55. 77
96. 37
105. 53
106. 96
69. 95
61.88
62.17
54. 57
52. 44
95. 35
105. 47
106.31
66. 53
61.56
61.53
54. 57
54.70
96.28
105. 29
106. 22
66. 59
62. 76
61.69
56. 76
55.81
96.74
105. 53
105. 94
66.43
63.24
62.40
57. 29
57.12
96.98
105. 78
106. 88
72.19
63. 96
63. 04
57.13
56.29
98.33
107. 69
106. 69
72.20
64.78
64.08
58.37
55. 62
98. 75
107. 88
107. 07
75.43
65. 93
64. 88
59. 60
' 56. 41
r
101. 24
109. 75
' 107. 35
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products
106. 08
113. 13
121 18
124. 84
103. 53
62.98
104. 90
110.42
117.62
120. 90
100. 15
62. 48
104. 90
110.97
120. 60
124. 53
98.28
59.24
104. 24
110. 16
117.62
121.80
101.49
59.59
105. 16
111.65
117.97
122.91
99. 57
60.42
104. 30
111.25
119.07
123. 32
99. 58
59.24
104. 81
110.98
124. 42
129. 90
98.81
62.91
104. 30
110.98
120. 80
126. 36
97.27
62.46
104. 90
111.25
] 22. 31
127. 48
97.66
61.79
105. 32
112.48
124. 23
129. 47
100. 47
60.31
106.14
113.16
123.82
128. 84
101.89
61.82
r 109.
111.22
111.37
93. 50
121. 60
108. 67
111.49
94.26
114. 10
107. 47
112. 74
84.39
108. 23
108. 41
110.43
95.22
111.51
105. 32
108. 54
94.46
104. 33
106. 38
111.79
95. 35
109. 54
109. 60
110.30
107. 90
112.52
107. 71
109. 35
106. 19
110.85
104. 10
108. 13
90.58
98.48
107. 32
110.02
84.86
106. 93
108. 81
108. 67
90.12
114. 75
111.38
113.02
91. 19
123. 38
114. 66
113.30
100. 26
128. 37
116.16
102. 60
123.61
124. 91
123. 68
112.44
102.37
124. 31
126. 90
123. 68
116.44
101. 66
123. 13
126. 42
122. 40
115.87
102.12
125. 50
128. 65
125. 17
115.18
98.18
117.20
114. 64
117.99
114.05
95. 17
115.26
113.39
115. 56
124. 74
97. 02
122. 72
120.17
123. 53
118. 48
95. 68
122. 40
118.78
123. 19
116.98
95. 49
119.64
116.10
120. 41
121.66
97.75
120. 33
115.44
121.45
117.38
100.95
123. 03
121.39
123. 54
117. 38
103. 45
126. 79
127. 00
126. 32
123. 43
104. 31
126. 41
127. 51
126. 32
100. 22
89. 95
110. 02
100.22
89.27
110.16
99.96
95. 47
115.37
98.83
92.00
112. 89
99.72
92. 92
113.30
102. 62
91.64
114.40
100. 20
90.48
112.88
101.63
90.71
113. 29
101.10
90.02
112.33
101.15
90.17
112.46
102. 53
91.03
112. 46
103. 97
92.12
113.02
101.76
93. 46
114.39
94.19
93.56
94.13
93.90
93.67
93.20
94.07
93.37
94.00
94.64
95.04
96.32
96.80
69. 52
50.75
73. 16
91.29
69.32
50. 26
72.76
89.96
68.43
49. 30
72.27
88.24
68.44
48.87
72.01
89.59
68. 25
48. 53
73.69
89.79
67.11
49. 56
71. 25
88.48
69.00
49.69
72.31
88.71
69.00
49.35
72.10
87.40
68.44
49. 49
72.10
89.76
69.01
49.69
72.59
90.43
69.56
50.32
73.36
91.75
70. 69
51.11
74.61
93.05
71. 63
52. 10
75. 30
93.07
do
70.31
69.75
69.75
70.69
70.31
70.69
71.81
71.42
71.80
71.99
71.60
71.59
71.97
do
do
do
48.80
48. 56
54.43
49.04
48.07
53.02
48.83
48.46
54.67
49.48
48.83
56.20
49.23
48. 22
54.57
49. 63
47.48
52. 82
48. 83
47. 85
54.53
49.10
47.72
53.53
49.60
48.36
54.67
49.23
48.48
54.24
50.27
49.88
57.49
50.80
50.40
58.03
50. 25
49.63
56.02
2.29
2.22
2.45
2. 38
2.63
2.27
2.21
2.43
2.37
2.64
2.30
2.23
2.46
2.39
2.67
2.30
2.23
2.46
2.39
2.68
2.30
2.24
2.46
2.39
2.68
2.32
2.26
2.48
2.42
2.69
2.32
2.27
2.48
2.42
2.69
2.32
2.26
2.47
2.42
2.69
2.32
2.27
2.48
2.42
2.70
2.33
2.28
2.49
2.43
2.70
2.34
2.28
2.50
2.44
2.72
2.35
2.28
2.51
2.44
2.72
2.35
2.28
2.51
2.44
'2.75
^2.34
2.07
1.98
1.86
2.28
2.81
2.07
1.99
1.86
2.29
2.80
2.11
1.99
1.87
2.29
2.81
2.06
1.95
1.87
2.30
2.80
2.01
1.91
1.87
2.31
2.80
2.01
1.91
1.88
2.31
2.83
2.00
1.92
1.86
2.30
2.86
1.98
1.91
1.86
2.30
2.85
2.00
1.92
1.87
2.31
2.86
2.06
1.97
1.87
2.32
2.89
2.08
1.98
1.87
2.33
2.90
'2.09
2.00
1.88
2.34
2.92
'2.09
2.00
' 1. 87
'2.34
'2.93
P2.08
3.06
2.46
2.57
2.30
3.02
2.45
2.56
2.30
3.03
2.48
2.57
2.32
3.02
2.47
2.58
2.31
3.01
2.46
2.58
2.33
3.08
2.47
2.60
2.36
3.13
2.47
2.61
2.35
3.10
2.47
2.61
2.35
3.12
2.47
2.62
2.35
3.15
2.49
2.63
2.36
3.16
2.51
2.63
2.36
3.19
2.51
'2.64
'2.38
3.20
'2.51 ~~V2.~52~
p2. 63
2.63
2.38
P2.38
2.74
2.78
2.70
2.72
2.37
1.94
2.75
2.80
2.71
2.74
2.37
1.94
2.81
2.87
2.74
2.78
2.38
1.95
2.81
2.87
2.73
2.78
2.37
1.95
2.79
2.83
2.74
2.76
2.38
1.96
2.80
2.83
2.76
2.80
2.41
1.98
2.78
2.81
2.75
2.77
2.41
1.99
2.78
2.80
2.76
2.78
2.41
1.99
2.77
2.80
2.76
2.76
2.42
1.99
2.79
2.82
2.75
2.77
2.42
1.99
2.80
2.85
2.75
2.79
2.42
1.99
2.81
2.85
2.75
2.81
2.43
1.99
Nondurable goods industries
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
- -
_
-
do
do
do
do
do
- do
Nonmanufacturing industries:
Mining
do
Metnl
do
Anthracite
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
dollars
Nonmetallic mining and Quarrying
do
Contract construction
do
Nonbuildinf construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Oas and electric utilities
do
Wholesale and retail trade*.
Wholesale, trade
do
Retail trade (except eating and drinking
places) 9
dollars
General merchandise stores
do
Food a n d liquor stores _ _
_ _-do_ __
Finance, insurance, and real estate:
Banks and trust companiest
Service and miscellaneous:
Hotels vear-round
Laundries
Cleaning and dyeing plants
Average hourly gross earnings per worker on payrolls
of nonagricultural establishments:
All manufacturing industries _
dollars..
FjXcluding overtime §
do
Durable goods industries
do
Excluding overtime^
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
- - do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars- .
Fabricated metal productsd"
do
Machinery (except electrical)
do _
Electrical machinery
.... - - - - . d o
Transportation equipment 9
M^otor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
do
do
do
do
do
- _ do --
84. 53
r 92. 48
103.91
72.00
93. 43
* 84. 74 p 84. 56
' 92. 48 P 89. 95
103. 17
70. 86
93.02
' 72. 19
65. 44
64.88
59. 06
r
57. 72
r
101.91
110.88
r
106. 97
' 108. 73
115. 64
115. 51
126. 16 ' 127. 38
132. 19
130.
60
r
103. 86 ' r107. 04
r
(53. 84
63. 96
10
2.82
2.86
2.76
2.84
2.42
'1.99
P 72. 00
p 66. 26
P 58. 56
P 102. 58
p 107. 26
p 109. 15
p 122. 91
p 107. 16
P 64. 05
*2.51
*2. 75
pl.89
p2. 35
^2.94
"2.83
P2.42
p 1.98
2.11
2.13
2.12
2.11
2.12
2.13
2.09
2.10
2.08
2.07
2.09
'2.14
2.14
P 2.13
Nondurable goods industries
do
2.07
2.06
2.07
2.06
2.03
2.04
2.06
2.07
2.07
2.02
2.01
2.08
2.02
Excluding overtime §
do
2.26
2.25
2.22
2.26
2.20
2.25
2.26
2.25
2.17
2.18
2.15
2.14
2. 25
p2. 21
Food and kindred products9
do
2.47
2.52
2.48
2.52
2.48
2.50
2.49
2.42
2.46
2.49
2.48
2.47
2.45
Meat products
do. -1.92
1.84
1.85
1.78
1.88
1.87
1.81
1.84
1.89
1.79
1.77
1.80
1.85
Canning and preserving
do
2.22
2.23
2.25
2.24
2.24
2.21
2.19
2.21
2.23
2.26
2.29
2.18
2.28
Bakerv products
do
T
Revised.
*> Preliminary,
cf Except ordnance, machinery, and transportation equipmeiit.
9 Includes data for industries not shown separately
JRevised series (first shown in September 1959 SUE VEY); dat a beginniiig Januar y 1958 are calculatec1 on a diflferent has is and are not stric tly compa rable wit h publish ed figure 3 through
December 1957.
§Derived by assuming that overtime hours are pai d at the nite of time and one- half.
SURVEY OF CURRENT BUSINESS
September 1061
S-15
19 GO
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
July
19 61
DecemAugust SeptemOctober Xovember
ber
ber
January
February
March
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings per worker on payrolls
of nonagricultural establishments — Continued
All manufacturing industries— Continued
Nondurable goods industries— Continued
Tobacco manufactures
- dollars
Textile mill products 9
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod
do __
Paper and allied products
- do __
Pulp pap^r and paperboard mills
do
Printing, publishing, and allied industries-.do _.
Chemicals and allied products
do
Industrial organic chemicals
do
Products of Detroleum and coal
do
Petroleum refining
do. -Rubber products
do
Leather and leather products
- do
Nonmanufacturing
industries:
Minin0"
do
Metal
do _
Anthracite
- -- do _ Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
dollars
Contract construction
Nonbullding construction
Building construction
Transportation and public utilities:
Local railways and bus lines
- do
do
-- do _do_ _
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking pi aces) 9
dollars
Ooneral merchandise stores
do
Pood and Honor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Laundries
Cleaning and dyeing plants
do
- - --do .-
Miscellaneous wage data:
Construction wages (ENR):§
Common labor
- dol. per h r _ _
Skilled labor
do
Equipment operators
do. __
Farm wages, without board or room (quarterly)
dol per hr
Railroad wages (average class I)
do __
1.82
1.02
1.61
1. 50
1. 55
2.29
2.44
2.78
2. 55
2.70
2.92
3.03
2. 55
1.64
1.71
1.62
1.61
1.51
1.57
2.30
2.45
2.77
2. 54
2.68
2.89
3.00
2.51
1.64
1.57
1.62
1. 60
1.52
1.58
2.32
2.47
2.80
2.54
2 70
2 92
3.03
2.52
1.65
1.61
1. 63
1.60
1. 53
1.59
2.31
2.46
2.79
2. 53
2.70
2.89
3.00
2. 55
1. 66
1.74
1.62
1. 59
1.53
1. 58
2. 30
2.46
2.80
2. 54
2.71
2.92
3.02
2. 54
1.66
2.68
2.69
2.75
3.26
2.67
2.68
2.74
3.26
2.68
2.71
2.74
3.26
2.69
2.72
2.76
3.27
2.84
2.28
3.27
2.96
3.37
2.79
2.28
3.28
3.00
3.37
2.84
2.30
3.31
3.01
3.40
2.32
2.26
2.69
2.32
2.26
2.70
2.32
1.82
1.45
2.01
2.07
1.78
1. 62
1. 59
1 . 52
1. 57
2.32
2.47
2. 82
i. 55
r
2.94
3.03
2. 56
1.65
L76
1. 62
1. 59
1. 52
1 . 59
2. 32
2.46
2.81
2.55
2 72
3.02
3. 13
2.54
1. 66
1.79
1.63
1. 59
1.53
1. 59
2 32
2.46
2.81
2. 55
2.72
3.02
3.12
2 52
1.67
1.81
1.63
1.60
1. 54
1.60
2.32
2.46
2 82
2.54
2.72
3.02
3.14
2.53
1.67
1.88
1.64
1.60
1.54
1.59
2.33
2.47
2.83
2.55
2.73
3.03
3.15
2. 55
1.68
1.89
1.64
1.61
1.54
1.58
2.34
2.48
2.84
2.57
2.74
3.02
3.15
2.56
1.68
1.90
1.64
1.61
1.54
'1.58
2.36
2.50
"•2.84
2.61
2.76
3.04
3.17
2.59
1.68
2. 68
2.70
2.73
3.25
2.70
2.72
2.74
3.26
2.74
2.71
2.81
3.29
2.72
2.70
2.87
3.27
2.69
2.71
2.68
3.25
2.71
2.73
2.72
3.25
2.70
2.71
2.69
3.26
2.71
2.73
2.69
3.29
2.73
2.75
2.69
3.30
2.84
2.30
3 32
3.02
3.42
2.83
2.31
3.32
2.97
3.42
2.83
2.31
3.38
3.04
3.46
2.97
2.31
3.39
3.05
3.47
2.94
2.30
3.40
3.03
3.48
2.91
2.29
3.37
3.00
3.46
2.96
2.30
3.38
3.03
3.47
2 92
2.31
3.38
3.05
3.48
2.92
2.33
3.39
3.09
3.48
2.96
2. 36
3.38
3.08
3.48
2.33
2.34
2.76
2.32
2.30
2.74
2.33
2.30
2.75
2.37
2.32
2.77
2.38
2.32
2. 76
2.38
2.32
2.77
2.39
2.32
2.76
2.38
2.33
2.77
2.39
2.34
2.77
2.39
2.35
2.77
2.40
2.36
2.79
2.31
2.33
2.33
2.33
2.33
2.34
2.34
2.35
2.36
2.37
2.39
2.39
1.81
1.44
2.01
2.04
1.82
1.45
2.03
2.01
1.83
1.45
2.04
2.05
1.82
1.44
2.07
2.05
1.78
1.40
2.03
2.02
1.84
1.47
2.06
2.03
1.84
1.46
2.06
2.00
1.83
1.46
2.06
2.04
1.85
1.47
2.08
2.06
1.86
1.48
2.09
2.09
1.87
1.49
2.09
2.11
1.88
1.51
2.08
2.12
1.22
1.22
1.41
1.22
1.22
1.41
1 23
1.23
1.42
1.24
1.23
1.43
1.24
1.23
1.41
1.25
1.23
1.42
1.23
1.23
1.42
1.24
1.23
1.42
1.24
1.24
1.42
1.24
1.24
1.42
1.26
1.25
1.43
1.27
1.26
1.44
1 25
1.25
1.44
2.724
4.067
3.664
2.734
4.077
3. 695
2.739
4.090
3.712
2. 739
4.090
3.718
2.745
4. 095
3.727
2.747
4. 099
3.728
2. 765
4.118
3. 736
2.765
4.119
3.747
2. 765
4.120
3.747
2.775
4.133
3.760
2.815
4.163
3.791
2.836
4.197
3. 822
2. 851
4.215
3. 845
1.02
2.621
2 11
2.592
2.645
90
2. 650
2 21
2.646
2 655
1 08
2. 656
2 03
2.703
2.641
1.04
2.687
1.96
2.652
2.666
2.9
1.7
3.6
1.1
2.0
3.8
1.9
4.3
1.5
2.2
3.8
1.9
4.4
1.9
2.0
2.8
1.5
q o
1.0
2.2
2.3
10
39
7
2 7
1.9
7
4 1
6
30
3.1
1.0
4.3
i
30
2.7
.9
3.6
.6
2.5
3.3
1.0
3.4
.7
2.2
3.4
1.1
2.8
.8
1.5
3.7
1.5
2.8
.8
1.4
'4.2
'2.2
'2.9
1.0
r
1.3
*3.1
pl.7
»3. 1
p. 9
P! 7
319
125
361
134
271
131
258
106
192
53
110
28
170
80
210
120
220
55
320
94
430
120
330
140
330
95
530
233
2,140
554
221
1,700
500
209
1,650
432
146
1,500
368
85
732
250
53
458
300
100
700
330
150
940
350
75
610
460
126
1,180
620
165
1,530
570
211
1,760
560
183
1,690
520
551
501
2, 532 i 2, 165
i 2, 133
1. 88
1.64
1.61
1.53
1.59
'2.37
2.52
2.83
2.62
2.77
3.04
3.17
' 2. 63
1.67
pl.80
pl.64
v 1.60
^2.38
p 2 . 83
p2. 63
p3. 02
p 2 . 62
pl.69
2. 860
4.223
3.862
1 04
2 17
LABOR CONDITIONS
Labor turnover in manufacturing establishments:
\ccessionrate total
mo rate per 100 employees- _
New hires
do
Separation rate total
do
Quit
do -Lavoff
(Jo
Industrial disputes (strikes and lockouts):
Beginning in month:
Work stoppages
number
"Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved
thousands
M^an-days idle durin? month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thousands
Unemployment insurance programs:
Insured unemployment, all programst
do
State programs :f
Initial claims
do
Insured unemployment, weekly average___do
Percent of covered employmentd"
Beneficiaries weekly average
thousands
Benefits paid
mil of dol
Federal employees, insured unemployment
thousands.Veterans' program (UCX):*
Initial claims. ...
do -Insured unemployment, weekly average. ..do
Beneficiaries, weekly average
do
Benefits paid
mil of dol
Railroad program:
Applications
thousands
Insured unemployment, weekly average. ..do
Benefits paid
mil of dol
r
1
491
556
584
517
430
378
365
342
417
440
1,826
1,804
1,781
1,839
2,225
2,847
3,515
3,638
3, 403
13,006
1,426
1,686
'4.2
1,392
183.8
1, 407
1,657
4.2
1,399
206.3
1,206
1,598
4.0
1,418
201. 8
1,393
1,678
4.2
1,395
189.9
1,744
2,039
5.1
1,603
^31 1
2 175
2, 639
6.6
2, 069
300 2
2.381
3,266
8. 1
2,722
397 6
1,919
3,394
8.4
2,984
399 3
1, 709
3,168
7.8
2,899
461.5
1,468
2,779
6.8
2,664
362.5
1,368
2,328
5.7
2,138
320.1
1,229
1,991
4.9
1,880
264.4
1,501
1,958
4.8
1,665
224.0
1
11
1,905
1,744
30
30
28
30
33
35
40
41
40
36
33
31
32
31
30
49
43
5.5
32
52
48
6.8
27
49
48
6 4
29
50
45
59
33
59
52
70
36
71
64
8 6
39
86
81
11 0
33
91
89
11 0
35
91
80
11 6
29
83
95
12.0
26
71
71
10.2
26
61
66
9.0
29
60
56
7.3
58
81
61
7.4
31
65
12.1
99
107
18 5
20
82
15 2
23
95
16 0
21
103
18 8
38
123
22 2
13
113
19 7
10
106
22 3
6
107
16.3
6
100
20.5
9
84
17.6
83
73
Revised.
f Preliminary.
Excludes persons under Temporary Extended Compensation program and under extended duration provisions (thous.): 1961—April, 580 and 40, respectively; May, 747 and 11; June,
703 and 9 (revised); July, 542 and 3; August, 450 and 2.
9 Includes data not shown separately.
§ Rates as of Sept. 1, 1961: Common labor, $2.862; skilled labor, $4.237; equipment operators, $3.875.
tBeginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below).
d" Rate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
Digitized
for series.
FRASER
*New
Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27. 1958).
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1961
1960
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
FINANCE
BANKING
Open market paper outstanding, end of mo.: _
Bankers' acceptances
mil. of dol
Commercial and finance company paper, total J_do _
Placed through deal erst
do
Pl'iced directly (finance paper)*
do
1,561
4,749
1,213
3,536
1, 656
5,019
1,365
3,654
1,668
4, 656
1,361
3,295
1,753
5,184
1,493
3,691
1, 868
5, 222
1, 505
3,717
2,027
4,418
1,358
3,060
2,029
5,010
1, 465
3,545
2,049
4, 968
1,479
3,489
2,231
4,992
1,525
3,467
2, 254
5,001
1,532
3,469
2 203
4,848
1,478
3, 370
2 271
4,851
1,460
3,391
2,301
4, 904
1, 534
3,370
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
_mil.ofdol_.
Farm mortca°"e loans* Federal land banks do
Loans to cooperatives
do
Other loans and discounts
__do
4,853
2,500
557
1,795
4,871
2,515
562
1,794
4,870
2, 528
589
1,753
4,837
2,538
638
1, 660
4,787
2, 548
652
1,587
4,795
2,564
649
1,582
4.851
2, 581
675
1,595
4,936
2,605
683
1,648
5,023
2,640
665
1,718
5.110
2,669
650
1,790
5,174
2,701
613
1,859
5, 242
2,728
595
1,920
5,310
2,746
617
1,947
223, 539
86,063
45, 254
241, 771
92,435
49,474
240, 772
97, 162
47, 909
233, 131 235,100
91, 020
89, 905
47, 577
47, 567
256. 905
101,551
52, 313
'.57,809
104,473
52, 382
222. 804
89, 831
44, 861
265,541
110,455
53, 354
241 ,062
101,151
48, 529
268, 910 ••271,724
111.463 '•113,228
53, 782 r 54, 276
247, 657
100, 591
49, 085
Bank debits total (344 centers)
New York City
6 other centers d"_._
do
do
do
Federal Reserve banks, condition, end of month:
Assets total 9
do
Reserve bank credit outstanding, total 9
Discounts and advances
United States Government securities
Gold certificate reserves
Liabilities total 9
Deposits, total 9
-IVTember-bank reserve balances
Federal Reserve notes in circulation
52, 116
52, 009
52, 134
52, 183
51, 962
52, 984
50, 235
50, 438
50, 188
50, 549
49, 811
50, 678
50, 782
51,059
do _
do
do
- _do_ _
28, 131
343
26, 885
18, 839
27, 907
405
26, 762
18, 709
28, 402
181
27, 024
18, 394
28, 729
193
27, 402
18, 107
28, 731
101
27, 488
17, 610
29, 359
33
27, 384
17, 479
27, 560
60
26, 570
17, 140
27, 866
53
26, 667
17, 075
28, 060
115
26, 688
17,099
27, 950
67
26, 772
17,089
27, 806
111
26, 887
17. 095
28, 496
36
27, 253
17, 256
28, 628
59
27, 422
17, 223
28, 835
47
27, 697
17. 187
do
52, 116
52, 009
52, 134
52, 183
51, 962
52, 984
50, 235
50, 438
50,188
50, 549
49, 811
50, 678
50, 782
51.059
do
do
do
19,305
18, 261
27, 612
18, 853
17, 735
27, 621
19,110
17.942
27, 651
19,120
17,956
27, 680
17, 924
16, 770
28, 066
18, 336
17,081
28, 450
17, 268
16, 066
27, 700
17, 355
16,277
27, 548
17, 546
16,158
27, 520
17,562
16, 419
27, 415
16, 966
16, 107
27. 564
17,694
16,716
27, 778
17, 800
16 856
27, 906
17, 724
16, 620
28, 034
40.2
40.3
39.3
38.7
38.3
37.4
38.1
38.0
37.9
38.0
38.4
37.9
37.7
37.6
508
388
120
540
293
247
639
225
414
638
149
489
756
142
614
769
87
682
745
49
696
654
137
517
546
70
476
618
56
562
549
96
453
612
63
549
••581
51
'530
605
67
538
62, 550
62, 120
62, 156 * 62, 381
61 870
do
87, 444
85, 942
87, 977
90, 573
90, 121
93, 215
89, 690
89, 860
86, 044
do
_ _. do _ _ _
5,001
4,571
4,846
3,698
4, 683
5, 551
4,998
4,445
4,914
3,537
4,747
3,979
5, 138
3,105
5, 065
3,838
4,836
2,865
88, 229
63 869
5,572
2,854
11, 090
88, 056
64 168
5,490
2,982
10 805
88, 255 ' 89, 427 86, 343
69 951
63 750 r r64 044
4, 932
5, 107
4,837
3,834
4,086
3, 575
10 925 T 11 201
10 530
do
33, 451
33, 942
34, 334
34, 710
34, 702
35, 386
36, 610
36, 928
37, 498
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent..
All member banks of Federal Reserve System , averages
of daily figures:*
Fxcess reserves
mil. of dol
Borrowings from Fed. Reserve banks
do
Free reserves
do. _
Weeklv reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month:t
Deposits:
Demand adjusted©
mil of dol
Demand total 9
_
_ _
States and political subdivisions
U.S. Government
Time total 9
Individuals, partnerships, and corp.:
nVh
i'~~ p~
do
Loans (adjusted) tota!0
_ _ _ _ __do_ _ _
Commercial and industrial
do
For purchasing or carrying securities
do
Real estate loans
do
Investments total
do
U S Government obligations total
do
Notes and bonds
do
Other securities
_ _ _ • _ _ _ _ _ _ _ __do__-Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York City
11
th n and
p^tem cities
38, 538
r
69, 292
31,312
3,279
68, 761
31, 174
3,159
69, 552
31, 744
3,377
69, 640
31, 861
3,571
69, 278
31, 972
3,150
71, 009
32, 156
3,945
69, 626
31, 294
3,568
69, 787
31,531
3,519
69, 638
32, 203
3,104
12, 827
12, 881
12, 874
12, 840
12, 844
12, 824
12, 787
12, 766
12, 727
37, 174
27, 429
23, 771
9,745
37, 400
27, 750
23, 802
9,650
37, 982
28, 180
23, 964
9,802
39, 504
29, 687
24, 150
9,817
39, 390
29, 690
24, 826
9,700
40, 754
30, 547
24, 944
10, 207
41,361
31, 086
24, 994
10, 275
41, 187
30, 635
25, 863
10, 552
40, 377
29, 519
25, 578
10, 858
4.97
4.74
4.96
5.32
percent
do
do
27, 902
T
5, 699
39, 191
T
28, 202
r
5 939
28, 627
r
6 102
r
40, 304
40, 627
28 862
6 389
09 030
6 415
69, 536
31, 453
3, 635
5 050
13,055
19 339
70, 153
31, 905
3,883
4,960
12, 770
19, 456
69, 913
31, 460
3,873
5,057
12, 855
19, 527
70, 171 r 70, 072
31, 769 r r31, 499
3,888
4, 100
5, 025 r 5 066
12, 896
12| 956
19, 389 r 19 606
41, 453
30, 590
25, 452
10, 863
42, 234
31,397
25, 644
10, 837
42, 935 rr 44, 851
44, 738
31, 976
33, 790
33, 457
25, 667 ' 26, 378 26, 311
10, 959 r 11, 061
11,281
4.97
4.75
4.96
5.29
4.99
4.77
4.97
5.33
39, 712
r
4.97
4.75
4.95
5.31
Discount rate, end of mo. (N.Y.F.R. Bank)___do
Federal intermediate credit bank loans J
do
Federal land bank loans!
do
3.50
5.11
6.00
3.00
4.75
6.00
3.00
4.55
6.00
3.00
4.43
6.00
3.00
4.34
6.00
3.00
4.21
6.00
3.00
4.05
5.76
3.00
4.04
5.75
3.00
3.99
5.74
3.00
3.99
5.60
3.00
4.00
5.60
3.00
4.00
5.60
3.00
3.99
5 60
3.00
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months)
do
Finance Co. paper placed directly, 3-6mo.*__do
Stock Exchange call loans, going rate. _ _ do
3.13
3.39
2.98
5.00
3.04
3.34
2.94
4.85
3.00
3.39
3.13
4.50
3.00
3.30
3.11
4.50
3.00
3.28
2.91
4.50
2.92
3.23
2.97
4.50
2.86
2.98
2.78
4.50
2.78
3.03
2.65
4.50
2.94
3.03
2.76
4.50
2.84
2.91
2.58
4.50
2.68
2.76
2.50
4.50
2.75
2.91
2.66
4.50
2.75
2.72
2.50
4.50
2.81
2 92
2.64
4.50
2.396
3.71
2.286
3.50
2.489
3.50
2.426
3.61
2.384
3.68
2. 272
3.51
2.302
3.53
2.408
3.54
2.420
3 43
2.327
3.39
2.288
3.28
2.359
3.70
2. 268
3.69
2.402
3.80
Yield on l/.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.,
3 - 5 year issues _ . . _ _ ,
do
Savings deposits, balance to credit of depositors:
21,063 21,051 21, 135 21, 400 21, 438 21, 500
21,610 21, 652 21, 845 21, 832 21, 857
21, 720
New York State savings banks
mil. of dol._ 20, 832 20, 874
739
720
810
798
779
749
711
823
788
770
760
700
691
U.S. postal savingsf
do
r
Revised.
P Preliminary.
{Revisions prior to May 1960 for total commercial and finance company paper and paper placed through dealers and minor revisions prior to September 1959 for interest rates on Federal
Intermediate credit bank loans and Federal land bank loans will be shown later.
*New series (from Board of Governors of Federal Reserve System); for back data, see Federal Reserve Bulletins.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
f Revised effective with the August 1961 SURVEY to reflect new coverage and revised classification of deposits (for details and available back data, see the June and July 1961 issues of the
Federal Reserve Bulletin).
©For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial interbank and U.S. Government, less cash items in process of collection; for loans,
exclusive of loans to domestic commercial banks and after deduction of valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
IData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
SUEVEY OF CUEEENT BUSINESS
September 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-17
1960
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August;
FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate-term)
53, 809
54, 092
54 265
54 344
54 626
56 049
55 021
54 102
53 906
53 972
54, 390
54 786
54, 687
42, 050
42, 378
42, 517
42 591
42 703
43 281
42 782
42 264
42 058
41 988
42, 127
42 441
42, 457
17, 893
10.452
2, 934
10, 771
18, 020
10,477
2, 975
10, 906
18,021
10, 543
3.001
10, 952
17 992
10, 625
3,013
10 961
17 967
10 715
3.020
11 001
17 866
11 215
3, 008
11 192
17 611
11 050
2,967
11 154
17
10
2
11
383
793
935
153
17? 265
10 679
2,922
11 192
17 200
10 585
2,922
11 281
17 242
10, 602
2,943
11,340
17 358
10, 666
2,958
11, 459
17, 358
10, 636
2, 964
11, 499
do
do
do
do_ _
do
- - - --do _
36. 857
16,239
11,062
3, 679
4,049
1,828
37, 199
16,362
11.142
3, 754
4,099
1,842
37 318
16,416
11. 154
3. 795
4,111
1,842
37 330
16 408
11,147
3, 833
4 097
1,845
37 368
16 402
11, 141
3, 870
4, 107
1,848
37 502
16 398
11, 134
3, 906
4 212
1,852
38 186
17 261
11 030
3,860
4 179
1,856
37 790
17 001
10 914
3 863
4 151
i's6i
37 542
16 860
10 787
3,897
4 131
1,867
37 434
16 776
10, 733
3,937
4,133
1,855
37 462
16,776
10, 696
3,991
4,133
1,866
37 663
16, 804
10, 768
4,074
4,151
1,866
37, 638
16, 757
10, 750
4,110
4, 165
1, 856
do_ .
do
__do _
do
do
5, 193
2, 020
1,124
516
1, 533
5,179
2,012
1,132
520
1, 515
5, 199
2, 049
1,129
519
1,502
5, 261
2 103
1,130
518
1 510
5, 335
o j 55
1,140
517
1 523
5,779
2,401
1,189
513
1 676
4,596
1 342
1, 151
504
1 599
4 474
1 348
1 121
497
1 508
4,516
1 442
1 092
491
1 491
4,554
1,527
1,077
488
1 462
4, 665
1,634
1,071
488
1,472
4,778
1,732
1,076
490
1,480
4,819
1,794
1,067
490
1,468
Total outstanding end of month
mil.ofdol
Installment credit total
do
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
__ --
By type of holder:
"Financial institutions total
Commercial banks
Sales finance companies
Credit unions
Consumer finance companies
Other
do
-do
__do_ __
do
-
Retail outlets total
Department stores
Furniture stores
Automobile dealers
Other
- -
do
11, 759
11,714
11, 748
11,753
11,923
12, 768
12, 239
11 838
11,848
11, 984
12, 263
12, 345
12, 230
Single-payment loans, total
Commercial banks*
Other financial institutions*
__do
do
do
4, 265
3, 663
602
4,276
3, 656
620
4,317
3, 715
602
4,272
3,692
580
4, 301
3,711
590
4,311
3 737
574
4,314
3 740
574
4 381
3 789
592
4,417
3 793
624
4,402
3 842
560
4,524
3,904
620
4,547
3,970
577
4, 523
3,982
541
Charge accounts, total
Department stores*
Other retail outlets*
Credit cards*
Service credit
do
do
do
do
__do_ __
4,311
584
3,295
432
3,183
4.277
584
3, 236
457
3, 161
4,283
625
3.199
459
3.148
4,370
661
3 266
443
3,111
4,463
709
3,326
428
3, 159
5,187
941
3 801
445
3,270
4,599
805
3 346
448
3,326
4 037
669
2 Q26
442
3 420
4,004
637
2 926
441
3,427
4,096
631
3 035
430
3,486
4,274
634
3,210
430
3,465
4,349
624
3,286
439
3,449
4,272
574
3,240
458
3,435
do
__do
do
do
4,156
1,473
1, 085
1,598
4, 365
1, 570
1, 165
1,630
4,010
1,372
1,173
1,465
4,012
1,407
1,207
1,398
4,067
1,364
1,217
1,486
4, 641
1,248
1,654
1,739
3,473
1,130
1,012
1,331
3 241
1,051
888
1,302
3,995
1,330
1,125
1,540
3,765
1,247
1,053
1,465
4,280
1,461
1,219
1,600
4,402
1, 525
1,214
1,663
3,976
1,383
1,095
1,498
do_ _ _
do
do
do
3, 858
1, 335
1,095
1.428
4,037
1,443
1,140
1,454
3,871
1,371
1,107
1, 393
3,938
1,436
1,125
1,377
3, 955
1,389
1,127
3,439
4,063
1,349
1.154
1,560
3,972
1,385
1,177
1,410
3, 759
1 279
1,145
1,335
4,201
1,448
1, 239
1,514
3,835
1,312
1,147
1, 376
4,141
1,419
1,202
1,520
4,088
1,409
1,150
1,529
3,960
1,383
1,125
1,452
-do
do
__do_ __
do
4,214
1,417
1,168
1,629
4,072
1,422
1,112
1,538
4,125
1,422
1,162
1,541
4,108
1,460
1, 165
1,483
4, 134
1.482
1, 159
1,493
4,007
1, 325
1,200
1,482
3,869
1,239
1,185
1,445
3,803
1,190
1,131
1,482
4,002
1,288
1,212
1,502
3, 883
1,243
1,145
1, 495
4,001
1,315
1,158
1,528
4,116
1,347
1,190
1,579
3,961
1,301
1,172
1,488
do
_do
do
do _
3,997
1,385
1,148
1,464
3,918
1,388
1,123
1,407
3,958
1,375
1,141
1,442
3,994
1,417
1,147
1,430
3,946
1,397
1,119
1,430
3,931
1,356
1, 156
1,419
3,972
1,387
1,154
1,431
4,011
1,363
1,191
1,457
3,954
1,353
1,163
1,438
4, 022
1,388
1,186
1,448
3,974
1,365
1,148
1,461
4,016
1,386
1,137
1,493
4,035
1,403
1, 159
1,473
3,976
3,128
84
8,590
6,454
93
10,211
8,981
87
3,641
2,823
92
7,900
6,300
91
8, 751
7,643
80
5, 537
4,846
82
9,153
6,537
70
11, 878
8,524
88
7,359
5,125
73
9,767 p 12,642
6, 467 v 10, 749
p 84
85
3,779
2,982
91
do
do _
do
do _
1,401
670
383
1,439
4,996
409
1,608
1,484
4,486
3,492
792
1,354
1,296
481
389
1,383
4,648
455
1,295
1,411
2,974
3,331
596
1,770
3,198
534
348
1,375
5,567
444
1,814
1,258
3,171
5,799
1,348
1,472
4,319
493
736
1,738
5, 699
411
2. 0?0
1,551
P
p
p
p
387
246
173
752
1,480
520
306
1,382
_do_ ..
do_
do
do
do_ _
6, 172
806
404
3,471
1,533
6,803
751
461
3,976
1,645
6,793
736
416
3,910
1,746
6,829
748
422
3,728
1,934
6,773
734
436
3,884
1,727
6,847
765
438
4,217
1,638
6,470
775
444
3,693
1,612
6,236
719
431
3,778
1,344
7,012
726
480
4,279
1,528
6,450
722
443
3,754
1,532
7,169
717
441
4,144
1,874
p 7. 948
p 763
^446
P 4, 559
v 2, 420
6,322
765
288, 338
285, 285
241, 088
10, 559
44, 198
3,053
288, 672
285, 634
240,413
10, 641
45, 222
3,038
288, 423
285, 358
240, 382
10, 487
44, 977
3,065
290, 487
287, 372
243, 097
10, 671
44, 275
3,115
290, 414
287, 138
242, 578
10, 748
44, 561
3,276
290, 217
286, 820
242,474
10, 639
44, 346
3, 396
290, 036
286, 651
242, 827
10, 661
43, 824
3,385
290, 544
287, 190
243, 462
10, 677
43, 727
3,354
287, 471
284, 058
240, 057
10, 788
44, 001
3 414
287, 987
284, 631
241, 619
10, 865
43, 012
3,356
290, 146
286, 845
242, 342
10, 926
44, 503
3,300
288, 971
285, 672
240, 629
10, 959
45, 043
3,299
292 404
288, 998
244 800
293 714
290 658
245 086
44, 198
3 406
45 573
3 056
Noninstallment credit total
-
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
Ad.iusted:
Extended, total
Automobile paper
Other consumer goods paper
All other
_
-- -
Repaid total
Automobile paper.
Other consumer goods paper
All other
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
_
Receipts net K
Customs
.--
mil.ofdol..
do
_do_ _.
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures, total ^
Interest on public debt
Veterans' services and benefits
Major national security
All other expenditures.. _ _ .
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
Interest bearing, total
Public issues
Held by U.S. Govt. investment accts.c?
Special issues _ _ _
Noninterest bearing
do
do _
do
do
do
do
134
Obligations guaranteed by U.S. Govt., end mo._do
U.S. savings bonds:
47, 620
Amount outstanding, end of month
do
354
Sales, series E and H_
do
683
Redemptions
do
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U.S. life insurance companies
mil. of dol_. «117,005
Bonds (book value), domestic and foreign, total
mil. ofdoL. 57,877
6,632
U.S. Government
do
3,421
State, county, municipal (U.S.)
do
15, 834
Public utilitv (U.S.)
do
3,770
Railroad (U.S.)
do__._
24,609
Industrial and miscellaneous (U.S.)
do
4,
5,
1,
1,
157
161
159
153
156
160
196
211
219
225
240
239
249
47, 596
355
476
47, 578
340
453
47,605
346
413
47, 629
326
398
47, 527
348
575
47, 553
456
559
47, 621
416
448
47, 665
435
489
47, 678
348
433
47, 712
371
436
47, 754
370
455
47, 808
342
423
47, 865
393
438
117, 581
117, 947
118, 544
119,066
119,717
120, 467
120, 951
121, 469
121, 921
122, 462
122, 861
123, 381
58, 031
6,592
3,464
15, 844
3,758
24,729
58, 164
6,586
3,546
15, 868
3,756
24, 743
58, 398
6,524
3,579
15, 875
3,749
24, 998
58, 619
6,547
3,605
15, 924
3,750
25, 108
58, 685
6,444
3,622
15, 942
3,732
25, 225
59, 092
6,545
3,671
15, 967
3,711
25, 420
59, 240
59, 364
59, 545
59, 735
59, 864
60, 216
6,542
6,488
6, 535
6 551
6 401
6 440
3,702
3, 735
3,769
3,774
3 779
3 786
15 976
15 962
15 985
15 994
16 027
16 053
3,712
3 715
3 706
3 695
3 694
3 684
25, 564
25, 672
25, 485
25, 757 r 25, 967
26, 098
' Revised.
p Preliminary.
fRevised series (to incorporate more comprehensive information recently available, other changes, and to include data for Alaska beginning January 1959
and for Hawaii beginning August 1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit, back to January 1947. For revisions prior to November
1959, see the December 1960 and November 1959 issues of the Federal Reserve Bulletin.
*For data prior to March 1959, see Federal Reserve Bulletins.
IData for net receipts and total expenditures reflect exclusion of certain interfund transactions; comparable data for July 1958-July 1959 will be shown later.
cfFor data prior to January 1959, see Treasury Bulletins
iRevisions for January-October 1958 will be shown later.
* Revision for June 1960 (mil. dol.): 116,427.
SURVEY OF CURRENT BUSINESS
S-18
September 10(51
I960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
July
August
1961
Septem- October November
ber
ber
ary
ary
April
May
June
July
4, 235
1,945
2 998
42 351
39, 3 17
4. 249
1.958
9 9
28
42 553
39, 525
4,336
2,019
2 254
42, 723
39, 670
4, 340
2,035
2 241
42,905
39. 827
4. 37s
2.
049
9 9
59
43 052
39. 959
March
August
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance© — Continued
Assets, all U.S. life insurance companies— Con.
Stocks (book value), domestic and foreign, total
mil. of dol_.
Preferred ( U S )
do
Common (U S )
do
Mortgage loans total
do
Nonfarm
do
Real estate
_ _ -.do
Policy loans and premium notes
do
Cash
do
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):!
Value, estimated total
mil. of dol__
Croup and wholesale
do
Industrial
_ _ .
__do _
Ordinary total _ _
_ do
New England
Middle. Atlantic
_ _
East North Central
West North Central
South Atlantic
East South Central
40, 694
37, 769
40 920
37, 982
3, 885
1 836
1 996
41 099
38, 153
3,941
1,871
2 017
41 313
38 356
3, 809
5, 029
1 225
4. 543
3. 822
5. 085
1 229
4. 61 a
3,828
5, 138
1 178
4, 655
3,834
6. 144
1.473
6, 093
1,101
5, 725
1,091
558
580
567
4,412
i 4, 067
6, 230
1,289
587
4, 354
269
893
872
355
568
204
238
787
796
331
539
198
421
01
551
4.095
4, 054
1,895
2 10?
4.150
1,936
2 157
42 143
39. 1 52
41,798
38,553
38, 803
1,914
2 126
42. 008
39, 021
3,851
5 225
1 233
4 637
3, 804
5, 267
1 332
4, 777
3,813
5. 303
1 278
4 878
3,
5
1
4
822
345
269
982
3, 823
5 409
1 919
5 068
3.827
5 461
1 228
5 058
3.837
5, 508
1 303
5. 020
3, 856
5 553
1 270
5, 073
3, 87°
5 541
1 304
5 090
6,829
5. 187
1. 157
501
3. 529
5, 458
944
544
9,012
3. 656
6.297
1 250
6, 595
1, 154
6, 255
1, 141
6,125
1,312
634
592
677
628
4.568
7, 255
1,870
480
1
4. 905
3,970
4.722
4. 455
4, 764
4.486
4.224
260
874
856
337
587
9
37
293
963
873
342
601
993
295
967
927
379
633
9
63
215
715
692
285
463
167
256
795
327
521
191
295
968
946
383
616
219
282
948
846
356
586
227
292
974
890
383
643
230
282
953
833
357
605
9
21
262
877
815
338
5u3
195
393
190
524
392
192
543
412
213
568
463
236
656
340
171
481
382
191
529
452
222
621
429
215
572
469
234
648
435
210
590
411
207
556
9.7
679. 4
292. 2
51.4
10. 7
033. 3
260. 9
50.9
9 6
626. 1
258 4
52.8
10 3
600. 7
283 1
57. 5
10 1
853. 7
295. 7
58.4
11.5
59.4
132. 1
104.7
59. 5
142.4
123.2
rr r
125.9
129. 5
58. 8
132. 9
112 9
59 3
135. 0
115 7
56. 1
147.2
4.113
401
180
505
605.7
251.4
48.4
do
do
do
3,980
1,876
2 050
41 521
247
850
79]
340
537
189
West South Central
do
Mountain
do
Pacific (incl. Alaska and Hawaii)
do
Institute of Life Insurance: J
Payments to policyholders and beneficiaries in
V S total
mil. of dol
Death benefits
do
Matured endowments
do
Disability payments
do
Industrial
3,881
1 818
1
do
_-do
do
do
do
do
\nmritv payments
Surrender values
Policy dividends
Life Insurance Association of America:
Premium income (39 cos ) Quarterly total
Accident and health
_
« 3, 828
« 1, 790
1,988
9 010
1
9
5 182
1 268
4 608
1
1
1.711
550
2, 815. 5
552. 0
256. 8
357. 0
170. 1
1, 479. 6
do
do
do
284.8
777
589
711.2
683. 2
304.2
292.2
62.9
11. 9
56. 5
10 2
796. 7
325.2
64.1
11.5
681 . 7
272 6
56. 4
10 8
741.6
316.8
60.6
11.1
739.2
307. 5
59.2
11.7
653. 6
°61 9
52.9
9 9
81.2
138.5
112.5
61 . 9
1 39. 8
122 6
65.6
165. 6
164.7
61 0
154.0
126 9
62.9
161.4
128.8
63. 8
149. 7
147.3
65 7
144. 5
2, 941 5
570. 0
270 9
351. 0
169.3
1, 580. 3
3 252 1
612. 7
329 2
348 4
286. 7
1 G~5 5
us 7
2 934 2
594 5
246 5
348 9
159.5
1 584 7
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from earrrmrk§
Exports
Imports
mil. of dol__
do
thous of dol
do
Production, reported monthly total 9
do
A frica
do
Canada
do
United States
do
Silver:
Exports
do
Imports
do
Price at New York
dol. per fine oz
Production:
Canada
thous of fine oz
Mexico
_
do
United States
do
Money supply (end of month, or last Wed.):
Currency in circulation
bil. of doL.
Deposits and currency, total
do
Foreign banks deposits, net
do
U S Government balances
do
Deposits (adjusted) and currency, totarf
do
Demand deposits, adjusted^
do
Time deposits, adjusted*}
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas, adjusted :f
New York City
ratio of debits to deposits
6 other centers cf
do _
337 other reporting centers
do
2
2
19. 144
-222
19, 005
-151
148
39
18, 685
-319
167
5, 376
49, 096
11,954
92, 500
67, 800
13,800
4. 500
22 92, 700
67, 800
13,300
4, 900
2 074
4, 390
.914
2, 466
4,251
.914
5,864
2. 920
3,100
2,817
2 93, 100
2
67, 700
18.402
-397
270
125, 558
2
17,441
17. 910
-512
172
17, 767
-145
123
-322
22, 463
17, 373
3
49, 138
19,556
3,397
2,779
2,209
17, 390
92
89, 673
1,704
17, 403
152
133, 075
1,659
17, 550
254
98. 118
1.857
17, 527
-3
17. 451
193
2,399
2
92, 000
i 67, 500
1 3, 700
12.900
92 600
67, 500
14, 100
5, 000
4,400
4,300
1 801
1 754
3 999
.914
3 093
3 039
.914
3 667
. 914
2. 650
3,941
3, 115
2, 468
3, 622
2,415
2 878
3. 500
2,918
3 086
3,521
3, 405
3 483
4. 117
4,111
32.0
252. 9
2.8
7.4
32.0
252 2
3.0
6 6
32.0
255. 1
2. 9
8.7
32. 1
3. 1
7. 1
32.6
257 0
3.1
6 5
32.9
263 2
3.2
7. 1
31.8
259 2
3.1
4.5
31. 8
259. 5
3. 1
242.6
110. 1
104.2
28.4
242. 7
108. 9
105.2
28 5
243. 6
109.3
106. 0
28.3
247.2
112.2
106. 7
28.3
247. 3
10f>! 7
28 7
252. 9
115.1
108. 5
29 4
251. 6
114. 7
109. 0
28 0
249. 5
110. 6
110.7
28.2
58.9
34.2
25.5
65.5
36.7
26.6
68.5
35.8
26. 0
60. 0
34.9
25.5
63. 5
35.8
26 2
57.8
34.3
25.1
63.0
36.5
25. 7
63.7
35.8
25.7
2
17,388
161
140, 284
3,091
2
66, 400
13, 800
3, 900
4,638
.914
2
2
2
3,200
12,600
2,900
70, 100
13, 700
3,700
13.100
3,200
13, 400
3,300
12 800
3, 800
4 673
4, 105
.914
3 188
3^ 658
.914
4,670
4.502
.914
4 503
4,580
.914
1,841
3,363
.914
3, 648
.914
2, 515
2,524
4,280
3, 460
3,190
2,876
3,590
3,285
2 424
3.250
3,974
2,473
4, 020
3, 580
3. 834
31.9
258 9
3. 3
5.3
31.8
260.6
3.2
3 2
32.2
261.6
1. 1
5.9
32.4
264 0
1.3
6.9
250.2
254.2
113.6
112.7
27 9
254.6
110.6
115. 6
28.4
68.0
36.9
25. 6
74.6
38.0
26 9
67, 900
13. 200
3, 325
66, 700
6.9
no. 3
111.9
28 0
r
67. 1
35.4
26. 1
T
2 832
3. 552
.914
749
.914
2 902
2,840
32. 5
267 2
1.3
6.8
~26(T5
1.3
6 4
255. 7
110.8
116.6
28.3
259. 2
113.0
117. 6
28. 5
258. 6
111.6
118.5
28 5
70.6
37. 7
26. 6
70. 6
P36.7
p 26.2
r
r
r
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):O
3,612
3,513
2, 900
Net profit after taxes all industries
mil of dol
3 965
349
262
309
Food and kindred products
__
do
340
70
36
80
Textile mill products
do
60
Lumber and wood products (except furniture)
34
—4
mil of dol
43
141
121
144
Paper and allied products
do
151
r
2
Revised.
r> Preliminary.
1 Includes revisions not distributed by regions.
Excludes Republic of the Conge.
®See footnote "t" for p. S-17.
tlnsurance written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised figures for 1958-April 1959 and Jan.-April 1960 (including these States) will be shown
later. Payments to policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginning September 1959. § Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Nicaragua; Australia; and India.
IThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
fRevised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1960 Federal Reserve Bulletin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
GEffective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.
« Revisions for June 1960 (mil. dol): Total stocks, 3,838; preferred, 1,773.
September 1961
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-19
1961
I960
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations© — Continued
Net profit after taxes— Continued
Chemicals and allied products
__.mil. of dol__
Petroleum refining
do
Stone, clav, and glass products
do
Primary nonferrous metal
do
Primarv iron and steel
- _ _ do _.
Fabricated metal products (except ordnance,
machinery and transport equip )
mil of dol
Machinery (except electrical)
do
Electrical machinery equip and supplies do
Transportation equipment (except motor vehicles,
etc.)
mil. of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash) all industries
Electric utilities, profits after taxes
do
(Fed. Res.)
mil. of dol
Transportation and communications (see pp. S-23 and
S-24).
504
738
177
116
132
441
832
117
95
150
421
783
44
104
103
566
712
165
137
229
131
226
250
55
185
239
47
191
206
138
309
234
50
191
487
35
416
426
61
254
269
79
429
376
1 953
2 302
2 008
418
452
523
9
005
447
SECURITIES ISSUED
Securities and Exchange Commission: t
Estimated gross proceeds total
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate, total 9
Manufacturing _
Extractive (mining)
Public utility
Railroad
_ __
Communication
Financial and real estate
1.637
3, 187
1 808
1 814
1, 986
1,947
1 774
5 455
2 161
' 3. 393
' 4 432
3 494
1 . 824
do
do
do
do
1, 511
651
106
21
3,012
821
141
34
1,680
619
91
37
1 664
778
105
45
1. 852
875
118
16
1, 816
1 645
5 288
529
130
37
542
125
29
' 2. 223 ' 4 112
'1,061
' 1.021
1,111
' 228
3 210
1,495
1,566
472
99
30
2 007
do
do
do
do
do
do
do
777
189
24
143
31
58
287
996
233
9
226
16
168
224
747
169
5
307
16
96
74
928
196
9
215
8
256
150
1.009
283
14
320
3
27
245
895
218
22
183
11
101
249
601
173
15
140
28
21
149
695
106
28
163
17
41
228
do
do
do
860
353
475
2,191
1,371
607
1 062
338
682
886
345
343
976
326
496
1, 052
1,173
348
490
455
706
4,760
4, 069
mil of dol
Noncorporate, total 9
U.S. Government
_
State and municipal
New corporate security issues:
Estimated net proceeds, total__
Proposed uses of proceeds:
New monev, total
Plant and equipment
Working capital
_
Retirement of securities
Other purposes
„
State and municipal issues (Bond Buyer) :
Long-term
_
Short-term
764
86
45
660
'60
'92
696
286
17
85
23
90
97
'2,231
602
10
'278
10
'1,045
'191
' 1,342
'481
1, 465
434
756
'1,161
348
710
' 3, 091
r 2, 244
625
'34
' 461
14
'98
' 118
244
40
748
238
20
1.779
1,006
585
11
408
13
270
243
436
27
270
5
195
1.715
1,035
818
342
463
369
do
760
976
731
910
988
879
590
682
679
' 2, 203
' 1,314
1,744
980
do
do
do
do
do
657
325
331
24
79
895
614
281
10
71
671
541
130
5
55
830
627
204
20
60
805
466
339
32
152
749
496
253
27
103
552
359
192
10
28
612
304
308
14
56
484
289
195
118
77
' 2, 055
' 1 , 780
'275
r
1,127
'85
'63
1, 090
' 834
'256
' 55
'169
795
556
239
23
162
do
do
475
280
607
505
682
199
343
254
496
499
490
279
706
334
660
496
756
397
710
201
625
382
1, 035
361
3,113
1,018
2,229
362
3,220
1,021
2,236
356
3, 259
1, 059
2,320
377
3, 243
1,063
2, 300
380
3,240
1,062
2. 268
390
413
3,330
1,269
2,038
453
427
433
453
3, 317
1, 135
2, 275
3, 426
1, 392
1,999
3, 656
1 , 507
1,997
3, 986
1, 508
2.351
4. 100
1,453
2 587
' 4, 076
' 1 . 283
2, 815
4. 041
1,207
2, 799
93. 15
93.32
SI. 98
93.25
93.40
82.35
93 09
93 27
81.19
92 82
92 99
81 48
91 70
91.87
80. 64
93 21
93. 38
82. 12
92 96
93.10
82. 61
92 50
92 60
84. 00
93 71
93 85
83 39
93. 84
93. 98
83.38
93 72
93 87
83 26
99 73
92 87
82 65
92 77
92 92
82 27
94.8
103.9
88.12
96.4
106. 7
88. 93
96.7
106.7
88.57
96.0
105.8
87.50
95. 5
107.7
87. 23
95.1
107. 9
87.84
95.6
108.1
87.70
96.3
109.7
88.74
97.0
108.9
89. 07
96. 3
108. 0
88.80
96.0
109.0
89.74
95.0
106.8
87. 83
94.5
106.7
87. 57
115,992
121, 746
133, 723
134, 804
107, 194
109, 017
117,722
118,667
115,575
122, 200
142 969
152, 457
151 316
159, 281
181 222
171,061
247 683
222 731
184 047
163, 398
172 926
167 307
151 261
143 980
144 160
146 552
114,373
119, 997
130, 349
132, 295
104,218
106, 038
115, 822
116,622
113, (iOO
120, 176
140 639
150,051
148 724
156,486
174 488
1 67, 232
237 560
217,274
176 003
159, 346
167 657
163 103
148 002
140 970
141 640
143 949
93, 696
0
93, 696
87, 282
6,414
109,148
0
109, 148
102, 913
6,235
93, 925
0
93, 925
88, 783
5,142
99, 342
0
99, 342
92, 887
6, 455
109, 300
130, 176
0
144, 698
137. 643
0
178 008
137, 643
132, 409
5 234
1 78, 006
170, 782
7 224
138, 037
132,002
6,035
140 817
0
140,817
1 34. 509
6 308
118.283
0
118,283
112.738
5 545
131 561
130, 176
1 22, P24
7, 252
0
144,698
138,053
6, 645
138,037
0
109, 300
101, 281
8, 019
131,561
125 804
5 757
108,994
106.149
1,602
110,058
107, 192
1,608
110, 100
107, 273
1,585
109,859
107, 004
1,613
106, 289
103, 465
1, 596
108, 257
105, 423
1,599
1 07, 981
105,132
1.601
107. 594
104, 722
1,619
109,937
107 070
1,606
110,318
107, 468
1.601
110.427
107 604
1,570
109, 297
106 497
1,560
109 631
106 841
1 547
_do __ 117,004
113,748
do
1,955
do
118,018
114, 763
1. 953
118,271
115.015
1,952
118,357
115,074
1,980
115,909
112 625
1.979
116, 147
112 895
1,947
116 163
112 920
1.938
116 315
113 089
1,927
117 312
114 088
1 , 926
117 565
114 347
1, 920
1 1 7 825
114 633
1,886
117 872
114 679
1,888
118 170
1 i 4 984
1 , 880
759
368
426
191
279
' 463
'297
563
561
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)__
Customers' free credit balances (net)
Money borrowed
_
mil of dol
do
do
do
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
dollars
Domestic
do
Foreign. _ _
do
Standard & Poor's Corporation:
Industrial, utility, and railroad (A 1-4- issues):
Composite (21 bonds) cf
dol. per $100 bond__
Domestic municipal (15 bonds) _
do
U.S. Treasury bonds, taxable!
do
Sales:
Total, excluding U.S. Government bonds (SEC)All registered exchanges:
Market value
thous of dol
Face value
_
do
New York Stock Exchange:
Market value
do
Face value _ _ _ _ _ _
d o
New York Stock Exchange, exclusive of stopped
sales, face value, totals
___ thous. of dol
U.S. Government
_
do
Other than U.S. Government, total§
do
Domestic
_
do
Foreien
do
Value, issues listed on N.Y.S.E., end of rro.:
Market value, total, all issues§__
mil. of dol__
Domestic
_
_
.do
Foreign
___
do_ __
Face value, total, all issues§
Domestic
Foreign
T
_
0
415
443
93. 9
106. 4
86. 27
0
Revised.
OSee corresponding note on p. S-18.
iRevisions for January-March 1959 and January-March I960 will be shown later.
9 Includes data not shown separately.
§Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
c? Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
SURVEY OF CUEEENT BUSINESS
S-20
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1961
1960
July
August
1961
SeptemOctober
ber
November
December
January
February
March
April
May
June
July
August
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic corporate ( Moody's)
percent- By ratings:
A aa
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, taxable § _,
do _ -
4.74
4.61
4.58
4.63
4.64
4.66
4.65
4.59
4.54
4.56
4.58
4.63
4.70
4.73
4.41
4. 56
4.77
5 22
4.28
4.44
4. 65
5.08
4 25
4.41
4. 63
5 01
4.30
4.44
4.67
5 11
4.31
4.47
4.69
5 08
4 35
4. 50
4.71
5 10
4 32
4. 48
4 69
5 10
4.27
4.40
4.63
5 07
4.22
4.33
4.57
5 02
4 25
4.37
4.59
5 01
4.27
4.41
4.63
5 01
4 33
4.45
4 69
5 03
4 41
4. 53
4.75
5 09
4.45
4.57
4.80
5. 11
4.61
4.71
4.90
4.49
4.53
4.82
4. 46
4.48
4.78
4.50
4.56
4.84
4.51
4.56
4.85
4. 55
4.58
4.87
4. 52
4. 57
4 86
4.46
4.51
4.82
4.40
4.43
4.78
4.45
4.46
4.75
4.48
4.49
4.77
4.54
4.52
4.83
4.59
4. 60
4.89
4.61
4.67
4.92
3.47
3.72
3.86
3.33
3.53
3.79
3.51
3.53
3.82
3.42
3.59
3.91
3.43
3.46
3.93
3.38
3.45
3.88
3.38
3.44
3.89
3.33
3.33
3.81
3.51
3.38
3.78
3.48
3.44
3.80
3.48
3.38
3.73
3.54
3.53
3.88
3.49
3.53
3.90
3.54
3.55
4.00
Stocks
Cash dividend payments publicly reported: t
Total dividend payments
mil. of dol__
Finance
Manufacturing..
Mining
Public utilities:
Communications
Electric and gas
Railroad
Trade
Miscellaneous
__ _
_
896.7
371.5
1,965.5
921.5
387.6
2, 456. 3
1,003.2
468. 1 1, 957. 2
914.1
367.9
1, 986. 3
935.7
372.9
do
,_ __ _ __do
do
184.6
310.9
9.0
78.7
137.1
3.0
169.5
1, 264. 9
106.6
175. 6
330. 1
10.9
104.5
136.0
2.9
345. 9
1, 476. 4
171.8
255. 2
298.7
11.2
161.2
135.8
2.9
162. 7
1, 262. 8
106.4
179.3
312.4
11.7
84.1
133.7
4.3
157.7
1, 280. 9
109.0
188.0
313.8
9.8
85.3
133.5
2.9
do
do
do
do
do
201.7
106.1
18.0
56.3
10.1
1.8
112.2
4.2
25.0
9.5
94.6
180.3
62.3
56.5
30.8
202.3
113.1
20.0
57.8
11.7
2.1
109.6
1.4
23.0
8.1
93.1
186.6
79.7
63.3
39.5
209.0
114.6
34.6
68.1
11.8
1.7
111.9
4.1
42.8
7.7
94.3
188.3
56.8
53.6
32.3
208.7
119.3
20.4
52.8
9.5
2.1
112.8
.9
22.3
7.7
95.8
190.2
63.4
59.0
30.3
225.1
118.4
16.9
55.2
8.5
1.7
114.9
4.1
23.0
7.5
5.59
6.05
2.68
3.56
3.96
4.81
5.58
6.03
2.68
3.56
3.96
4.85
5.57
6.02
2.69
3.56
3.96
4.85
5.58
6.04
2.69
3.47
3.96
4.85
5.57
6.00
2.71
3.46
4.00
5.01
5.64
6.01
2.74
3.44
4.09
5.08
5.64
6.01
2.74
3.41
4.20
5.08
5.65
6.01
2.75
3.41
4.20
5.19
5.65
6.01
2.77
3.35
4.20
5.19
5.66
6.02
2.79
3.35
4.20
5.19
5.66
6.03
2.79
3.35
4.20
5.19
5.66
6.01
2.80
3.35
4.20
5.19
5.67
6.02
2.81
3.35
4.20
5.19
5.68
6.02
2.83
3.37
4.20
5.19
do __ 155.33
do_._- 173. 55
71.12
do _
61.95
do __
159. 22
176. 68
73.59
62.28
149. 53
165. 61
70. 25
57.56
149. 30
164. 91
70.27
57.68
154. 57
169. 92
72.24
60.39
161.55
175. 22
76.82
61.28
171.83
186. 00
80.47
66.00
175. 72
190. 56
82.66
68.37
179. 36
193. 51
85.20
69.24
179. 65
193. 42
85.54
67.00
183. 20
197. 56
88.57
68.45
179.24
193. 90
85.87
66.10
185. 95
200. 64
88.06
65.90
189. 30
204. 00
92.73
69.15
3.60
3.49
3.77
5.75
4.04
2.93
3.50
3.41
3.64
5.72
4.00
2.87
3.73
3.64
3.83
6.18
4.02
3.08
3.74
3.66
3.83
6.02
4.02
3.07
3.60
3.53
3.75
5. 73
3.93
2.97
3.49
3.43
3.57
5.61
3.92
2.76
3.28
3.23
3.40
5.17
3.78
2.51
3.22
3.15
3.33
4.99
3.51
2.50
3.15
3.11
3.25
4.84
3.51
2.50
3.15
3.11
3.26
5.00
3.54
2.51
3.09
3.05
3.15
4.89
3. 33
2.49
3.16
3.10
3.26
5.07
3.27
2.48
3.05
3.00
3.19
5.08
3.19
2.35
3.00
2.95
3 05
4.87
3 03
2.19
_.
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) -dollars. _
Industrial (125 stocks)
do
Public utility (24 stocks)
_
do __
Railroad (25 stocks)
do
Bank (15 stocks)
_
_ _ _ _ _ _ _ _ do __
Insurance (10 stocks)
- do
Price per share end of month (200 stocks) 9
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
,_ _
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks)
_
_
percent-do -_
do
do _
do
do
Earnings per share (at annual rate) , quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
---percent--
8.45
4.08
3.09
4.70
Prices:
206. 96
Dow-Jones averages (65 stocks)
625. 83
Industrial (30 stocks)
93.59
Public utility (15 stocks)
138. 36
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10— 55.84
Industrial, total (425 stocks) 9
do____
Capital goods (127 stocks).
_ _ do __
Consumers' goods (193 stocks)
do
Public utility (50 stocks)
do
Railroad (25 stocks)
_ _
._
do _
Banks:
N Y City (11 stocks)
do
Outside N.Y. City (16 stocks)
do __
Fire insurance (15 stocks)
do
4.61
4.69
4.75
4.78
4.84
4.73
4.68
4.66
4.67
4.63
4.66
4.69
4.69
206. 82
624. 47
94.46
137. 39
199. 78
598. 10
94.37
130. 98
194. 49
582. 45
92.86
125. 80
199. 54
601. 14
94.14
128. 62
202. 81
609. 54
97.74
128. 29
212.98
632. 20
102. 79
139.44
219.89
650. 01
107. 70
143.12
225. 64
670. 56
110.00
145. 47
228. 42
684.90
112.02
142. 53
231. 08
693. 03
112. 84
144. 98
229. 53
691. 44
112. 61
141.35
228. 96
690. 66
114.15
137. 82
237 89
718. 64
119. 32
141. 65
54.81
53.73
55.47
56.80
59.72
62.17
64.12
65.83
66.50
65.62
65.44
67.79
59.25
59. 58
47. 58
48.02
30.19
59.96
59.76
48.16
48.65
30.19
57.96
56.77
46.51
48.64
28.76
56.90
55.25
45.68
47.34
27.77
58.89
57.42
46.96
47.83
28.93
60.22
59.11
47.98
49.78
29.03
63. 20
61.46
48.96
52.73
31.43
65.71
63.71
50.85
55.64
32.17
67.83
65.77
53.27
57.06
32.93
69.64
66.12
54.33
59.09
32.35
70.34
67.41
55.29
59.59
33.08
69.48
67.49
55.61
58.43
32.41
69.15
66.24
56.21
59.42
31.74
71.69
69.18
58.73
61.19
32 76
25. 71
52.09
34.24
25.26
52.64
34.81
25.63
52.89
33.87
25.43
52.32
33.01
25.58
53.91
33.75
26.60
55.37
37.02
27.78
57.12
38.97
29.60
59.48
42.34
30.55
63.94
42.95
30.85
64.92
42.64
31.30
67.14
42.97
32.91
68.38
43.98
33.55
69.98
44.81
35 64
74 47
47 19
3,751
116, 064
3,450
109, 989
3,192
101, 085
3,295
104, 672
4,139
135,728
4,946
162, 841
5,275
160, 001
7,281
241, 675
6,533
229, 033
6,305
224, 137
r
5, 174
153, 717
3,668
107, 942
3, 119
80,851
2,867
74, 704
2,700
70, 210
2,785
72, 365
3,487
94, 756
4,176
115, 063
4,407
112, 092
5,930
153, 454
5,205
131, 727
4,971
123, 557
4,293
99, 793
3,051
71,381
65, 350
60, 854
54, 431
62, 002
77,355
89, 108
92, 804
118,035
101, 776
96, 950
73, 121
60, 897
300, 901
6,341
283, 318
6,370
281, 529
6,388
292, 991
6,398
306, 967
6,458
326, 598
6,478
337, 490
6,501
347, 576
6,529
350, 472
6,571
358, 862
6,663
348, 859
6,727
360, 382
6,761
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares
mil. of dol-_ 292, 392
6,306
Number of shares listed
millions—
Revised.
v Preliminary.
§For bonds due or callable in 10 years or more.
{Revisions for 1957-1959 are shown on p. 36 of the July 1960 SURVEY.
9 Includes data not shown separately.
d*Number of stocks represents number currently used; the change in number does not affect continuity of the series.
9.60
4.19
2.83
56.51
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
Market value
mil. of dol_. 3,445
Shares sold
_
__ _
thousands- - 105, 352
On New York Stock Exchange:
2,862
Market value
mil. ofdol__
Shares sold
..-thousands-- 71, 877
Exclusive of odd lot and stopped sales (N.Y.
Times)
thousands. _ 53, 870
r
8.00
4.17
0.22
9 70
4.12
6.36
81 527
SUEVEY OF CUEEENT BUSINESS
September 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-21
1960
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)0
Exports of goods and services, total
__mil. of doL
Military transfers under grants, net
do. __
Merchandise, adjusted, excluding military transactions:}: _
mil. ofdoL.
Income on investments abroad
do
Other services and military transactions
do
6,941
735
5, 132
1,023
1,171
Imports of goods and services, total _
Merchandise ad justed tcT
Income on foreign investments in U.S _
Military expenditures
do
do
__ do __
do
6,057
3,550
5,427
220
798
1,489
3, 485
227
727
988
Balance on goods and services
do
+884
+2, 317
+1, 888
Unilateral transfers (net), total
Private
Government
_
-
do
do __
do
-900
-154
-746
-1, 079
-173
-906
—1,012
—155
-857
-163
1,075
-924
-151
+571
+637
-1, 905
-1, 557
-348
+198
+921
' -1,
400
r
-980
-420
r
+187
-589
-934
—9
—282
_
--
U.S. long- and short-term capital (net), total
Private
_
Government
Foreign long- and short-term capital (net)
Gold sales [purchases (— )]
Errors and omissions
1,248
Japan
__ _
Republic of Indonesia
Republic of the Philippines.
Europe:
France
East Germany
West Germany
_
do do
do
do
do
do
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
do
do
do- --
Latin American Republics, total 9
Argentina
Brazil
Chile
_
_
'5,009
r
r
r
296
653
221
296
654
221
323
709
220
333
731
220
331
729
220
i>300
220
608
276
204
565
277
205
564
276
209
573
274
206
561
272
P 198
542
152
191
69
165
178
91
199
181
152
238
200
222
246
199
219
112
122
113
129
101
111
99
121
96
110
91
125
97
112
120
108
10, 934
17, 128
10, 122
14, 774
10, 218
14, 132
9,281
13 866
1, 609. 4 1,610.1
1, 743. 9
67.3
334. 1
69.6
312.6
522.5
54.5
664
*221
P274
4,910
872
1,243
5,322
5,634
3,469
3r 407
215
759
r
941
211
748
1,206
+345
+491
-330
p211
P 197
*304
*>348
*306
P224
*224
P226
p 185
505
p222
pl87
602
P271
p312
708
P 305
688
P273
510
p214
580
P271
P 214
580
*271
P185
P190
pl81
p 184
P188
p 128
120
105
111
101
p98
P85
p77
p90
pl03
1 671 5 1 934 2
1, 705. 5
1 743 8
1 698 9
1,637 0
63.8
65 6
396 8
519 1
54 1
362 9
530 9
76 3
381.6
439 2
681
P274
P207
p 197
781
P225
P 208
692
P277
P226
P232
P205
99
90
113
80
plOl
p96
p90
p98
p 85
8,680
13, 700
7,321
13, 634
1,796. 7
1,796.6
1,646 7
65.0
68.4
62 1
373 0
534 0
80 1
4% 8
692 7
280 5
114 9
178 2
315 5
130 3
212 8
302.7
110.0
162 6
126.4
170.4
319 7
114 5
174 2
330 1
114 1
173 3
269 5
118 7
203 0
P89
p92
^88
551.7
572.2
420.2
612.0
611.1
59 2
373.1
518 6
263.2
300.8
817
1,072
+346
r
—452
— 117
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:©
312
Quantity
1936-38=100
690
Value
. __ _
_ do _
221
Unit value
do
Imports for consumption;©
201
Quantity
do
556
Value
do
277
Unit value
_
_ __
_
do_ _
Agricultural products, quantity:
Exports, U.S. merchandise, total:
176
Unadjusted
1952-54=100
227
Seasonally adjusted
do
504
Cotton (incl linters) seas adj
do
Imports for consumption, total:
97
Unadjusted
-.
do. _108
Seasonally adjusted
do
106
Supplementary imports seas adj
do
109
Complementary imports seas adj
do
Shipping Weight
Water-borne trade:
9,575
Exports, incl. reexports§._
thous. of long tons..
14, 405
General imports
do
Value O
Exports (mdse.), including reexports, total 1
1, 698. 8
mil ofdol
By geographic regions: A
65.0
Africa
_
_
do
346.4
Asia and Oceania
„ do_ __
534.1
Europe
do
7,210
312
418
4,676
do
do
do
do
-do
do
Northern North America
do
Southern North America
_ do
South America
do
By leading countries: A
Africa:
United Arab Republic (Egypt Region)
do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
do
Colony of Singapore
do
India and Pakistan
do
7,744
282
372.4
p229
p
p
P
P
386.7
529.6
p 109
p91
P 125
283.2
139.4
181.7
288.7
132.3
161.5
288.2
132.6
164.1
310.7
138.8
200.1
313.3
128.0
170.9
269.8
31.3
6.9
11.1
27.5
9.0
19.8
15.8
22.2
21.6
17.5
16.3
20.7
11.2
18 7
12.0
22 0
16.1
28 5
12.0
20.1
13.8
19 9
8.5
13 9
13.4
21 9
41.6
37.4
66.1
61.3
35.0
3.5
52.9
38.4
3.5
68.9
41.4
4.0
72.1
32.9
3.7
85.4
30.1
3. 6
65.5
29.9
33
50.3
29.6
4 0
70 1
21.4
4.0
60.6
23 1
4 0
57 3
19.5
38
49 1
24.4
36
66 7
98.2
5.2
21.9
99.6
5.6
24.3
115.9
9 5
25.2
156.0
6 8
31.4
135 6
16 7
24.8
137 8
13 8
24.7
164 0
12 2
27.8
148.2
12 2
24.7
160 0
10 2
31.2
154 6
6 7
34.0
144 5
86
29.1
48.6
.1
81.9
44.3
2
87.5
46.0
.1
93.8
43 2
0)
92.0
49 0
.2
83 0
49 9
3
90 5
61 0
102 0
o
52.6
.1
84 8
45 3
(i)
89 6
46 8
(i)
86 3
35 0
1
72 3
66 4
4.0
132.3
70 7
3.9
97.4
70 7
2.6
92 1
81 6
4.6
115 2
67 5
6.8
79.3
72 6
2.8
74.8
66 1
9.8
73 8
53 4
6.4
70 1
3.8
120.4
5.7
4.0
93.5
5.1
25.3
21.6
49.3
57.3
1.8
82.7
60.4
.3
80.4
50.0
117.0
99.6
5.9
54.5
3.2
152.3
52.0
4.3
145.9
52 3
4.4
127.9
1.9
133.5
180.9
do
283.2
288.7
288.2
310.7
313.2
269.8
263.2
280 5
315 5
302.7
319 6
330 1
269 5
do
296.2
271. 5
273.1
312.9
272.5
289.0
248.4
271.1
314.2
268,9
265.7
261.3
298.2
do
do
do
30.8
42.1
17.6
28.7
38.0
12.9
34.3
35.2
15.0
37.7
33.9
21.0
30.1
37.3
18.0
32 1
43.8
16.7
28 6
41 2
18.1
31 0
39 4
20 9
29 6
57 3
20 7
34 8
34 3
18,0
40 6
37 1
17 4
31 1
41 9
14 6
35 5
50 1
22 2
19.4
20.8
18.0
Colombia.
_
_
do
17.3
19.2
21.2
16.3
18 8
21 3
20 7
23 4
20 5
23 2
9
5
Q
19.5
18.1
17.8
17.1
3.9
Cuba
do .5 2
?9
38
2 6
20
67.0
66.6
65.5
63.3
68.1
Mexico
do
75.8
58.8
62 6
69 5
68 3
63 2
62 9
64 9
43.9
40.9
62.6
40.9
39.1
Venezuela
do __
37.9
35.9
41.3
57^0
342
27^8
37^7
41.2
r Revised.
P Preliminary.
i Less than $50,000.
®Revisions? or 1958 appear on p. 14 ff. of the June 1960 SURVEY; those for 1959-lst quarter 1960, on p. 12 ff. of the June 1961 SURVEY.
{Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing. cfExcludes military expenditures.
©Revisions for 1958 and 1959 will be shown later.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. doY): July 1960-July 1961, respectively— 70.2; 62.6; 53.5; 53.9; 73.1; 53.3; 107.9; 65.4; 45.1; 58.5; 72.5; 55.1; 78.6.
AExcludes' 'special category'' shipments.
9 Includes countries not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
September 1961
1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
July
BUSINESS STATISTICS
SeptemNovem- DecemAugust
October
ber
ber
ber
January
Febru-
ary
March
April
May
June
July
August
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueO— Continued
Exports of U S merchandise total*[
mil ofdol
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures 9
do
Finished manufactures 9
do
By principal commodities:
Agricultural products, totalcf-—
do
1, 682. 0 1,591.4
1, 659. 0 1, 903. 7 1, 687. 5 1, 725. 4 1, 677. 9
1, 617. 3
1,594.6
1. 729. 4
1,782.8
1,777.7
1,618.7
283 °
146. 9
99.9
286. 0
966.9
287.0
144. 1
1 06. 2
292. 7
947. 6
236. 3
132.6
89. 0
258. 2
902. 6
218.8
156.7
88.3
273.7
921.6
224.8
177.2
105. 6
299. 9
1,096.3
187.4
153.9
88.5
266. 2
991.4
186.5
163.8
98.4
287.5
989.3
166. 3
144.5
94.7
290.4
982.0
166. 2
139. 6
91.0
279. 6
940.9
196. 5
126. 5
83.3
313. 5
962. 3
163.7
123. 7
94.5
337. 1
872.5
188. 5
145. 7
96. 8
287.8
875. 8
239. 3
143. 8
102.3
285. 2
958. 9
358.4
327.1
369.4
431.9
495.8
504. 2
423.2
426. 3
469. 5
394. 1
395 2
348 2
350 4
86.4
31.4
120. 2
26.3
38.8
141. 5
25.4
74.7
59. 4
39.4
143.3
28.9
74.8
98.4
27.3
154. 4
25. 6
72.3
134.7
31.3
156.3
27.3
43.1
130.4
26.1
138.2
24.0
24.8
112.1
24.7
161. 2
24.4
25.7
113.6
31.8
187. 6
26.7
31.2
79.8
26.7
156. 6
23.9
26.7
53.0
34.2
165.5
27.7
26.7
36.7
37.2
130.8
31.0
30.0
45.4
33.2
135. 1
33.7
31.4
22^3
15.9
31.0
115.6
24.4
36. 6
do
1,323.6
1,264.3
1, 225. 1
1.297.5
1, 287. 0
1,273.5
1,195.5
\utomobiles parts and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel products©
do
do
do
do
87.0
145.2
31.7
83.1
82.4
14() 8
37. 5
92.3
78. 1
141.8
34.0
70.1
108. 5
144.8
36. 1
73.7
119.4
132. 9
29. 4
71.9
105. 7
140. 1
23.4
62.1
93.3
121.3
19.5
53.4
97.6
145. 1
19.6
60.3
115. 2
158.4
20.1
66.1
105. 9
141.0
24.5
60.9
99.9
151.6
33.2
81.9
91.4
139. 6
33.7
88.5
92.7
149.7
27.2
73.6
Machinery, total §6*
do
372. 5
331.3
332.3
367. 7
377.0
3S2. 1
349.5
374.6
447. 2
412.8
393.5
391.1
390.4
do
do
do
do
do
11.9
30.1
89.4
32. 0
188. 1
11.4
29. 7
78.5
27.9
165.5
8.3
29. 8
SO. 2
25. 2
168. 3
9.4
32 2
85.7
29. 5
185. 7
8.8
28. 4
94. 6
37. 3
183.4
8.9
30. 6
82. 6
184.8
10. 6
28.9
82.3
34.5
166.4
13. 9
32.7
80. 6
35. 2
184. 5
17.1
35.2
105. 6
42.1
210. 0
16. 3
35.3
95. 8
40.9
193. 3
15. 6
33.4
88.0
39.8
185. 1
14.3
29 7
95! 1
38.4
185. 5
8fi! 4
40.8
189.2
do
do
40.6
60. 6
37.7
50.7
39.2
52. 5
39.9
61.6
37. 5
57. 4
37.8
58 2
34.9
56.3
32.1
55.4
40.1
66. 6
39.0
57.9
38.9
53.9
38.0
53.2
36.4
49.1
do
1,149.7
1,229.4
1,160.1
1. 157.2
1, K'.O. S
1 , 1 57. 1
1,123.6
1, 045. 9
1, 230. 5
1,041.9
1,194.5
do
do
do
44.5
259. 8
308. 3
39. 9
291.0
307. 1
43. 6
237. 4
323. 1
36. 5
007 2
3i0.4
36. 1
4*>. 8
33V 2
34;i 4
46.4
215.6
315. 3
43. 5
181.4
299. 3
52. 6
243. 9
343.7
53. 5
211.2
287. 3
49.7
232. 1
338. 4
62. 3
230.4
334.9
71.6
266. 3
357. 0
Northern North America
Southern North America
South America
Bv leading countries:
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Australia including New Guinea
Colonv of Singapore
India and Pakistan
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
East Germany
West Germany
Italv
Union of Soviet Socialist Republics
United TCin^dom
North and South America:
Canada
do
do
do
234.1
123. 9
179.1
261. 4
106. 9
223.0
238.5
109. 5
208.0
240.9
93. 2
219.0
249. 1
106. 4
210. 5
223. 2
122. 9
197. 5
208.4
113.3
224.6
197.8
124.8
199. 1
249.2
139.5
201.6
212.3
104. 2
173.4
263. 7
128. 5
182.1
273.0
127. 6
192. 0
271. 9
119. 3
181.8
do
do
6.0
5.6
1.7
8.0
1.5
9.1
.7
8.2
.5
6.6
1.4
8.0
.7
8.6
9! 5
1.8
8.7
.8
10.1
2.2
8.7
11.7
10.2
13.4
12.2
do
do
do
do
do
do
18.9
.9
25.2
96.5
14.2
36.9
16.7
1.2
19.6
110.0
23.2
35.2
9.8
1.2
22.5
96.7
17.3
19.5
8.6
1.1
19.5
95.3
15.7
19.9
5.5
.9
20.4
91.5
15. 0
20.3
11.7
1.7
20.7
83.3
22.1
20.0
11.1
1.2
24.1
84.4
12.4
20.9
9.5
.8
21.1
61.7
11.5
22.6
14.2
.9
26.9
82.5
14.1
31.1
14.5
.8
19.9
76.6
13.2
24.0
11.5
1.0
24.5
80.9
11.5
30.2
15.1
1.6
22.7
81.2
12.5
26.5
17.3
.8
25.6
92.6
14.5
33.2
do
do
do
do
do
do
30.7
.4
68.2
26.6
2.2
66.6
29.3
.3
63.6
34.4
1.8
69.1
22.8
.3
71.3
28.6
1.3
73.8
28.6
2
75! 1
35.9
1.8
72.8
31.1
69'. 5
34.0
.6
77.7
27.1
.3
78.8
32.7
2.8
68.6
24.2
.3
69.2
29.1
1.0
60.6
26.7
.3
66.0
24.9
1.0
63.5
32.2
.2
75.6
28.4
1.5
75.2
26.5
.1
63.8
25.9
2.9
56. 6
35.8
.1
69.6
28.6
2.8
72.3
38.2
.3
69.8
29.5
3.1
72.0
42.6
.3
73.6
31.5
1.5
86.6
do
233.9
260.9
238. 3
240.7
248.9
223.2
208.3
197.8
249.2
212.3
263.5
272.7
271. 6
Latin American Republics, totalo"
do
267.4
290.9
280. 8
278. 5
276.8
277.0
295.5
282.3
295.1
244.1
264.1
274.5
250 7
Argentina
do
Brazil
do
Chile
do
Colombia
do
Cuba
do
Mexico
do
Venezuela
do
Cmports for consumption, total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products totalo71
do
Cocoa (cacao) beans incl shells
do
Coffee
do
Rubber, crude, including guayule _
do
Sugar
do
Wool and mohair unmanufactured
do
Nonagricultural products, totalcf
do
Furs and manufactures
do
Iron and steel products©*
do
Nonferrous ores, metals, and mfs., totald"--do
Copper incl ore and manufactures
do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
8.3
43.1
13.5
17.9
46. 6
24.3
68. 5
1, 139. 9
9.1
57.5
24.5
22.1
11.7
33.0
75.9
1,246.4
7.6
54.4
15.7
23.5
7.9
44.3
78.2
1,159.3
6.9
48.9
19.8
36.2
7.6
27.8
76.7
1, 156. 9
5.7
45.0
9.1
35.3
6.2
31.3
81.9
1, 175. 9
7.1
42.6
9.5
24.7
2.9
39.1
83.9
1,151.0
9.2
38.2
21.2
32.4
3.6
40.7
91.8
1,111.7
7.3
42.1
15.0
20.1
2.7
49. 5
90.4
1,036.6
8.4
7.8
47.8
43.5
11.9
15.6
25.8
17.5
3.0
1.1
53.4
42.7
66.5
79.0
1, 235. 3 1, 045. 7
10.6
42.0
13.6
22.4
2.1
52.2
73.5
1, 188. 5
10.1
40.6
17.8
29.2
4.3
56.0
70.1
1,189.0
8.9
38. 5
18.6
21.4
3.4
44.4
64.0
1, 240. 9
237. 2
121.4
135. 4
228.9
417.2
291.1
142. 6
137. 6
248.2
426.9
243. 6
134.1
134. 5
234.8
412.3
229.9
146. 1
122. 4
233. 3
425. 2
219. 2
141.0
139.4
245. 6
430. 7
231.8
149.2
115.5
242. 6
411.8
235. 2
153.9
105.8
234.9
382.0
210.3
139.7
110.5
228.1
347. 9
237.4
168.1
142.9
265.0
421.9
202.5
141.8
109.6
225. 1
366.6
229.9
139.4
125.0
267.4
426.8
238. 5
150. 3
136.3
253. 5
410.3
254.2
133.1
141.8
257.1
454.7
299.4
10.7
72.0
24.7
50. 0
15.5
840. 5
5.8
30.3
95.2
29.6
7.3
25. 0
53.3
108.8
344.6
11.6
91.8
32.7
39 5
17.3
901. 8
4.9
30.8
102.1
35.3
11.9
33.1
61. 6
125.9
310.6
9.8
87.5
25.2
41. 6
14.0
848.7
4.7
35.2
78.7
27.5
8.5
29.0
54.6
122.3
286. 3
8. 4
93. 8
19. 6
24.8
13. 9
870. 6
5. 2
31.9
90. 0
23. 4
9.6
29. 1
59. 8
119.0
292.3
8.9
83.0
20. 4
39. 7
12. 1
883.7
6.2
30.8
87.5
29. 1
6.7
31.2
65. 2
135.7
295.4
12.2
82.7
24.1
28.7
11.9
855. 6
17. 2
28. 6
86. 9
33.2
9.4
23.1
59. 3
141. 6
297.6
18.4
86.6
19.9
23.7
16.7
814.1
12.9
23.3
75.9
26.8
6.4
25. 0
53.8
152.0
276.3
16.8
76. 6
15.3
37.8
14.4
760. 3
11.6
24.1
70.8
23.9
7. 1
27.4
48.1
137.5
345.4
16.3
97.3
15.8
52.6
19.0
889.9
9.0
32.3
89.5
24.8
5.7
27.2
62'. 0
147.5
285.3
19.6
75.8
13.2
25.7
17.9
760. 4
6.8
32.6
67.3
10.5
7.1
22.2
53.2
128.1
294.5
16.3
74.3
15.5
38.7
15.9
894.0
7 2
37'. 3
94.1
34.8
7.1
28.0
64.9
128.0
314.9
17.9
91.6
18.2
37.1
16.1
874.1
6.7
39.9
78.0
18.7
7.9
30.2
59.2
122. 4
314.9
20.8
Cotton, unmanufactured
_
Fruits vegetables, and preparations
Grains and preparations
Packinghouse products
Tobacco and inanufacturesA
Nonagricultural products, totalcf
Agricultural
Tractors parts and accessories
Electrical
Metal workino;§
Other industrial
Petroleum and products
Textiles and manufactures
General imports total
By ideographic regions:
•\frica
\sia and Oceania
Europe
_
do_ _.
do
do
do
do
4a 5
1, 232. 7 1,434.2
1, 293. 4 1,330.2
1, 329. 6 1.266.9
10. 6
1, 220. 2 1.267.8
18'. 6
49. 7
19.1
926.0
5.8
41.5
89.2
17.1
13.2
25.3
56.0
138.0
r
Revised,
©Revisions for 1958 and 1959 will be shown later.
f See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included
with finished manufactures.
cf Includes data not shown separately.
AManuiactures of tobacco are included in the nonagricultnral products total.
§Excludes "special category, type
1" exports.
©Comprises pig iron, scrap, steel mill products, and certain other iron and steel products; excludes advanced manufactuies. Revised exports and data for imports prior to
1958 will be shown later.
*New series; see note marked "©".
September 1961
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-23
1960
July
August
1961
Septem- October November
ber
December
January
February
March
April
May
June
July
August
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines§
Scheduled domestic trunk carriers:
Financial operations (quarterly totals):
Operating revenues, total 9
mil. of dol__
Transport total o
do
Passenger
do _
Propertv
_
do
U S mail
__do_
Operating expenses (incl. depreciation)
Net income (after taxes)
O pern tine results:
Miles flown revenue
Express and freight ton-miles flown
Mnil Ion-miles flown
Passengers originated, revenue
Passenger-miles flown, revenue
do
do___
thousands
do
do__
__ do
millions..
63, 132
29, 109
10,030
4,013
2, 706
64, 034
32, 474
10, 786
4, 166
25, 233
5, 766
31, 618
11,731
18.9
r
557
108.1
18.9
584
113.3
5?9 4
5:25 6
478 8
30.6
11.1
491 6
486. 1
436 1
31.6
13 4
496.7
485 3
10.9
1.5
59,057
35,169
10, 917
4, 037
2, 547
d
59, 757
35. 994
1 1 . 257
3, 965
55, 199
32, 691
11,043
460.7
455 6
413.0
28 7
12 0
479.0
*16 9
56, 971
35, 736
16, 479
3, 504
56, 335
30, 459
11, 152
2,284
2, 348
2,487
3, 518
2, 129
31, 867
10, 675
31,300
10,621
30, 961
10, 552
12,111
18.9
610
110.4
19.0
634
122. 2
19. 1
624
121. 1
19. 1
649
125. 6
3,449
43, 331
27 002
10, 389
2 829 :
1,818
57, 106
36,094
56, 636
32, 222
13, 239
3, 779
11,631
2,398
3 871
9 459
Express Operations
Trnnsportntion revenues
"Express privilege pavnients
thous. of dol
do
35, 458
27, 181
6, 783
32, 790
11,955
28, 033
8,171
30, 891
10, 474
31 0"
6,983
19.3
614
116.8
19.3
582
110.4
19.4
659
123. 5
19.5
603
114.5
19. 5
644
121.3
19.5
599
113.6
19.5
531
27, 822
11,576
Loea! Transit Lines
Fares average cash rate©
Passengers carried, revenue©
Operating revenues©
__ _.
cents
millions..
.mil. of dol. _
Class I Motor Carriers (Intercity)
Carri n rs of propertv (qunrterly totals):
N n r n b e r of reporting carriers
Expenses, totnl Freight carried (revenue)
935
1 , 207. 4
_ do .
mil. of tons..
Carriers of passemrers (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses, total
Passengers carried (revenue)
68. 9
923
1, 207. 8
1, 197. 9
69. 0
1,112.1
1,097.0
140
140. 9
110.6
01 . 9
139
111 3
101 3
55 7
140
97 8
95.8
51 3
1,101.3
_- -_
mil. of dol
..do
millions
988
64 5
Class I Railroads
Freight carloadings (A. A. R.):^
Total cars
Coal
Coke
Forest products _
2,298
r
2, 386
420
22
160
2,274
325
23
144
3, 189
546
30
193
2,203
408
20
152
388
23
135
2,401
477
26
152
1,922
382
21
129
1,955
376
21
134
2,507
405
28
175
2,106
365
23
146
2, 242
388
26
148
2, 860
470
34
183
2,174
329
25
140
2, 367
421
28
159
do
do._
do
do
do
280
13
263
130
1,121
'235
16
239
140
1,154
198
26
202
133
1,136
329
50
233
179
1,629
255
26
90
129
1,156
232
20
59
138
1,296
211
15
44
109
1,011
222
11
48
118
1,025
261
18
72
158
1,390
196
17
65
119
1,176
202
17
136
117
1,208
293
14
244
140
1,483
256
11
213
106
1,095
234
14
223
114
1,174
Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
'
1935-39-100
Coal
do
Coke
do
Forest products _
do
97
66
78
120
99
86
72
123
97
89
68
118
104
90
79
118
99
83
76
115
96
82
65
113
99
82
65
121
96
76
64
113
96
67
69
113
98
75
74
117
100
81
84
116
98
79
88
115
94
70
86
118
100
87
93
122
169
31
150
22
110
150
30
139
22
10S
135
39
120
21
106
188
47
97
22
113
186
36
97
21
109
142
30
137
19
107
156
28
162
19
108
160
25
172
19
106
159
32
174
20
108
157
34
79
19
112
163
33
79
18
114
164
25
112
18
109
156
25
121
18
107
148
28
129
18
110
809.0
756. 5
038. 0
46. 5
731.5
588.1
60.7
699.2
584.5
668. 3
559. 6
49.5
761.3
642. 6
50.1
714.9
604.4
778.5
796.4
52.8
664. 6
47.7
670. 6
58.1
754. 2
629. 3
58.7
thousands..
do
do
do
Grain and grain products
Livestock ...
Ore
Merchandise, l.c.l
Miscellaneous
drain and grain products
Livestock
Ore
Merchandise, l.c.l _.
Miscellaneous
do
do
do
do
do
Financial operations:
Operating revenues, total 9
Freight
Passenger
mil. of dol
do
do
r
759. 2
' 634. 3
60.6
679. 4
60.5
754. 4
642. 9
44.2
815. 8
695. 4
46.5
46.1
Operatimr exnenses ...
do
Tax accruals, joint facility and equipment rents
mil. of dol..
Net railway operating income
do
Net income (after taxes)
do
628. 7
646. 9
608.3
624.8
603.4
613. 6
596.4
573. 7
611.2
584.1
617.3
613. 6
106. 4
-23.9
9.6
117.7
44.4
29.9
111.6
34. 5
25.9
121.2
69.8
54.8
106. 1
47.0
33.9
83.6
34.3
52.7
106. 9
d
A 4-1
99.4
118.0
32.1
14.4
108.1
22.6
4.4
120.5
40.8
25. 5
123. 4
59.4
Operating results: f
Freight carried 1 mile
mil of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions..
46, 752
1.415
2, 207
49,219
1.404
2,132
48. 566
1.369
1,480
51, 923
1. 367
1,505
46, 204
1.420
1,452
42, 835
1.393
1 , 960
15, 104
12, 009
15, 095
12, 152
14, 716
14, 876
3,094
2,943
11,900
2, 816
11,854
3,022
13, 573
10, 788
2, 785
13, 177
10, 612
2, 505
5, 583
1, 097
5, 361
933
4,843
5,065
981
1,024
5, 161
997
5, 046
970
1.9
*4.8
19.5
d
1
...
132,010
35. 6
144, 088
i 1.386
4, 743
1
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. of net tons..
United States vessels
Panama Canal:
Total _
In United States vessels.
do
thous. of long tons
* do
13,066
12,006
10, 800
2, 265
9,814
2, 192
5,072
4, 868
621
875
13,502
10,926
2, 576
5, 675
937
5,287
805
5, 953
837
r
d
L
Revised.
t> Preliminary.
Deficit.
see
See nnote marked "1".
} Data, beginning 1959 include total domestic operatic,
"oils intru-Alaska and infra-Hawaii; for these States, figures for mail revenues exclude U.S. mail subsidies.
9 Includes data not shown separately.
©Revisions for 1958-October 1959 are available upon request.
cFPata for October and December I960 and March and June 1961 cover 5 weeks; other months, 4 weeks.
1 Effective with 1961, figures for operating results represent quarterly totals or quarterly average.
5,757
788
5, 626
691
_
SURVEY OF CUERENT BUSINESS
S-24
September 1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
July
1961
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
percent of total
Restaurant sales indexf
-same month 1951=100__
Foreign travel:
U.S. citizens' Arrivals
thousands..
Departures
do
Aliens* Arrivals
do
Departures
do
Passports issued and renewed
do__
National parks, visits§
do
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. ofdol
8.67
57
113
9 60
65
112
9 47
10 04
72
114
962
63
107
8 72
163
136
125
98
40
120
126
94
97
35
508
133
126
93
67
56
516
120
129
75
61
64
569
67
114
50
110
8.91
63
111
9 08
64
113
8 82
8 70
9 57
65
114
65
121
160
157
103
85
103
729
154
170
101
83
102
150
163
107
94
117
64
118
222
256
123
110
69
6,434
283
192
139
100
64
5,996
220
147
146
106
49
2,574
1,778
132
107
102
80
37
886
301
4,734
281
207
3,237
242
3,853
214
3,507
307
5,060
316
5,259
297
276
4,416
4,981
689.1
388.1
232.7
410.4
116.6
63.8
712.8
393.3
251. 4
426. 6
121.0
64.0
704.0
396.3
238.5
424.9
118.2
64.3
711.0
402.3
239.8
424.3
122.5
64.6
707.2
402.4
235.4
424.4
120.5
64.7
723.0
405.7
247.5
446.6
118.1
65.0
718.1
407.1
240.9
428.7
120.6
65.1
20, 517
20, 159
dJ58
22, 667
20, 050
1,533
23, 042
20, 282
1,741
22, 424
19, 957
1,610
21,735
19, 794
1,120
22, 939
20, 640
1,621
2,878
2,301
2,977
2,527
153
2,955
2, 513
159
2,919
2,480
2,920
2,426
190
4,193
3,394
4,328
3,348
838
4,245
3,318
802
4,145
3,313
9 45
64
115
8 58
54
105
187
110
1,115
1,760
105
4,020
4,611
234
3,882
207
3,405
4,111
701.1
403.3
227.0
417.4
117.8
65.3
735.8
408.5
256.8
448.9
119.4
65.5
720.1
408.9
239.6
426.2
125.3
65.7
744.1
413.7
256.1
447.6
125.4
66.0
742.4
414 3
254.6
440 0
127.0
66.1
21,713
20, 206
20, 727
18, 866
23,383
20,484
1, 548
21, 339
19, 391
682
22, 976
20,522
1,139
23 163
20,121
1,785
3,105
2,282
478
3,011
2,479
220
2, 760
2,308
158
3,155
2,524
2,879
2,504
77
3,077
2,538
194
3,164
2, 427
4,655
3,530
864
4,275
3,395
737
4, 051
3,264
4,613
3,513
4,439
3,345
942
4,500
3,436
898
4 528
3,459
76
6,674
69
251
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
- Station revenues
Tolls message
Operating expenses before taxes
Net operating income
Phones in service, end" of month
mil. ofdol. _
do
do__ _
do
- - do__
millions..
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous of dol
Operating expenses, inch depreciation. _ _ do- _.
Net operating revenues
do
Ocean-cable:
Operating revenues
do__ .
Operating expenses, incl. depreciation
.do
Net operating revenues
- do
Radiotelegraph:
Operating revenues
do
Operating expenses incl depreciation
do
Net operating revenues
. .do. --
258
3,936
3,338
454
657
141
744
216
590
651
270
947
436
912
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
- - -.mil. ofcu.f t_.
Ammonia, synthetic anhydrous (commercial)
thous. of short tons_.
Carbon dioxide, liquid, gas, and solid
do —
r
942
976
••965
^999
989
848
980
902
984
896
791
364.8
'90.0
387.3
'77.3
408.6
' 66.5
429. 5
'63.1
411.8
62.8
400.6
57.0
463.3
69.2
460.2
67.5
477.5
83.1
442.5
95.5
411.5
96.7
390.5
79.6
371.1
78.4
390.7
84.2
377.1
80.8
369 0
73.3
368.8
72.3
333.4
67.1
373 8
74.9
384 7
76.7
399 6
77.6
375 1
73 2
378 6
73 1
255.3
242.4
Nitric acid (100% HNO8)
do.__.
Oxygen (high purity)
..mil. of cu. ft.. ' 2 4, 425 f 4, 640
184.2
159.1
Phosphoric acid (100% PjOe). -thous. of short tons..
Sodium carbonate (soda ash), synthetic (58% Na.O)
388.2
371.3
thous. of short tons.
9.0
10.9
Sodium bichromate a n d chromate _ _ _ _ _ -do_ 416.4
406.5
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
45.4
28.6
thous. of short tons_.
Sodium sulphates (anhydrous, refined; Glauber's salt;
87.6
85.6
crude salt cake)
thous of short tons
'21,331.3 r 1, 403. 7
Sulfuric acid (100% HjSOO _
do
281. 0
•-4,718
165. 3
288.0
r 4, 702
183.4
r 4, 618
175.0
301.0
4, 538
170.1
285.8
4,794
192.6
272.5
4,643
179.9
295.4
5,337
205.6
277.0
5,167
200.7
274.7
5,918
209.2
254 6
5, 988
'181.8
255. 2
5,799
160.0
364.8
9.6
388.9
383.6
10.4
410.0
360.0
8.8
403.4
341.7
8.3
393.4
339.8
9.9
386.9
336.0
8.5
352.8
375. 5
10.3
399.8
373.3
8.9
414.2
400.8
10.4
434.3
372.2
10.9
394 9
366.3
9.1
406.5
44.2
49.7
43.2
37.1
35.1
36.3
41 7
44.6
55.5
'37.0
35.5
86.5
1, 350, 1
89.0
r 1,491.0
91.6
90.7
88.5
r 1, 434. 7 ' 1, 432. 3 1, 494. 0
83.3
1, 388. 7
95.7
1, 562. 8
97.6
1, 540. 4
92.2
1, 574. 0
92 9
1, 446. 3
1,353.9
Chlorine gas
Hydrochlori c acid (100% HC1)
r2940
384. 9
77.7
do
do_-_
Organic chemicals :cf
Acetic acid (synthetic and natural), production
thous. of Ib
Acetic anhydride, production.
__
do__
Acetylsalicylic acid (aspirin) , production
do
Alcohol, ethyl:O
Production^
- thous. of proof gal
Stocks end of month^
d<?
Used for denaturation__ _
_
do
Withdrawn tax-paid^
do
Alcohol, denatured:©
Production
_ _ _ _ _ thous. of wine gal
Consumption (withdrawals)
do _
Stocks, end of month _
__ __ do
«-977
380.3
382. 3
' 2 98. 2 ' 100. 8
r
300.2
r
r
r
71,165
88, 703
1,696
64, 235
82, 410
1,808
60,328
85, 665
1,733
59, 602
77, 574
1,667
62, 878
81,491
2,022
61,563
80,060
1,887
59, 588
74, 378
2, 163
54, 500
70, 589
1,718
67,900
89, 632
1,555
58, 005
82, 147
1,718
•• 62, 720
98, 232
r
1,841
65, 713
100, 764
1,969
i 43. 686
127, 911
43, 132
1
3, 993
54, 943
131, 653
48, 077
5,000
59, 228
127, 020
46, 473
5,583
61, 943
129,532
41, 724
7,020
53, 103
130, 899
43, 002
6,157
52, 372
134,505
48, 277
4,050
51,250
137, 948
50,727
3,970
44, 876
136, 523
39,855
4,821
51,725
139, 885
50, 327
4,884
49, 758
141, 834
42, 527
4,081
54, 576
154, 395
41, 483
5,271
45, 986
139 L90
41, 799
5,635
23,154
23, 611
3,281
25, 861
25, 826
3,503
24, 974
23, 181
5,331
22,421
23, 861
3,943
23, 101
21,271
5,798
25, 853
26, 482
5,252
27, 646
25, 317
7,665
21, 427
23, 353
5,810
27, 012
26, 876
6,057
22, 917
22, 771
6,307
7,357
13,531
7,648
8,413
14, 523
8,232
6, 958
13, 750
7,810
6,999
14, 486
6,706
7,454
14, 283
7,103
7,727
14,187
5,775
6,393
15,170
5,985
6,809
13, 428
5,841
8,216
16, 048
6,624
Ethylene glycol, production
_ do
1 12, 629
110,367
Formaldehyde (37% HCHO) , production
do
Glycerin, refined, all grades:
Production . _
__do_ _
21,000
27, 400
Stocks, end of month
do
Methanol, production:
187
Natural.
thous. of gal_.
Synthetic
...
do . 25, 300
121, 499
148, 282
115, 627
142, 755
111,679
149, 370
104, 939
135, 529
108, 792
129,894
119,512
127,116
100, 973
124, 782
24, 300
29,100
24, 500
26, 600
24, 500
26, 500
22, 900
28, 100
20, POO
30, 000
23, 900
32, 800
168
25, 051
171
27, 442
164
27, 783
Creosote oil, production..
DDT, production
_ _ _
Ethyl acetate (85%), production __
thous. of gaL.
thous. of Ib
do
1
156
137
183
26, 082
26, 502
25, 235
r
r
22, 326
21, 409
7,182
22, 500
23,068
6,592
6,864
14, 249
10,983
8,457
15, 786
6,796
8,897
14 690
9,536
101, 286
145, 532
95, 734
138,344
98, 426
148, 430
96, 978
139,-063
20, 200
33, 200
23, 300
33,700
25, 600
37, 100
23, 600
27, 900
20,200
34 600
175
23, 325
24, 809
182
165
191
24, 663
25, 905
18, 600
32 500
144
24, 571
26, 241
29, 924
26, 520
28, 850
33, 127
25, 295 30, 994
29, 169
34, 707 r 36, 309 33, 490
thous. of lb_. 30,612
d
2
' Revised.
Deficit.
1 See note "J".
Revisions for the indicated items follow (units as above): January 1959-June 1960, carbon dioxide—55.6; 53.3; 61.5; 68.5; 80.0; 90.9; 98.5; 97.8;
85.5; 74.2; 62.1; 62.7; 61.2; 60.8; 67.0; 74.0; 85.7; 96.3; January-June 1960, acetylene—1,096; 1,067; 1,148; 1,025; 1,082; 926; oxygen—5,253; 4,935; 5,371; 5,029; 5,018; 4,740; sulfuric acid—1,615.8; 1,521.3;
1,641.5; 1,559.5; 1,609.8; 1,492.0.
t Revised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly averages 0929-59) and monthly data for 1953-59 appear on p. 19 of the
January 1961 SURVEY. §Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Data beginning January 1960
reflect revised definitions of visits.
9 Includes data not shown separately.
cfData (except for alcohol) are reported on basis of 100-percent centent of the specified material unless otherwise
indicated.
©Revisions for July 1959-January 1960 will be shown later.
^Effective July 1960, data include amounts classified as "spirits." June 1960 data on comparable basis (thous. gal.):
Production, 53,137; stocks, 129,041; withdrawn tax-paid, 5,462.
Phthalic anhydride, production
SURVEY OF CURRENT BUSINESS
September 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-25
1961
I960
July
August
Septem- October
ber
ber
December
miry
February
AT arch
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) §
Exports total 9 $
Nitrogenous materials
Phosphate materials
Potash materials
_
345
thous of short tons
630, 124
short tons
46,
690
do _ . _.do _ . 501, 920
67, 706
do
216
613, 804
38, 694
496, 865
70, 879
337
617, 086
73, 801
446, 209
78 016
380
669, 485
68, 976
467, 108
104, 714
392
345
386 033 503 104
37, 586 42, 309
274,211 370, 753
49 269
70 499
349
406, 754
18, 595
295, 550
83, 530
557
495, 519
18,097
379, 478
82, 665
1,430
439, 200
40,019
321, 135
67, 041
2,021
547. 105
27, 120
445. 557
44, 107
1,441
527, 295
55, 191
439, 324
21,744
919
635, 920
26 850
536, 255
57, 395
662, 700
16, 404
551, 258
85, 276
165, 547
74, 851
44, 621
6, 458
63. 784
141, 708
76, 224
16 312
16, 654
14 083
235 645
141,781
53 628
14 380
29 817
180, 244
78, 456
0
18, 488
42, 558
115 762
46, 549
0
8, 979
23 502
126 269
62, 572
0
8,734
14 035
216,164
119,168
10,512
7,478
44, 040
260, 664
134,794
58, 774
8, 583
54, 366
359, 460
193, 746
53, 234
20, 753
61,085
273, 361
126, 806
40, 284
21 , 694
47, 309
310, 908
161.015
83,181
18, 333
41,877
177,092
101 , 056
47. 700
10,811
8 969
138, 653
92, 201
34,172
14,910
2,544
46, 769
104 888
103 745
183, 245
118 977
272 301
125 978
177 277
282, 134
308, 909
177, 138
54 007
123, 745
171,028
366, 440
189, 745
371, 582
183, 651
359. 302
217,795
371, 694
234, 930
424, 254
217, 923
433, 872
244, 626
442, 701
240, 069
426, 787
264, 034
349, 198
246, 156
273, 754
240, 997
309, 483
196,512
382,126
69
76, 781
128
94 301
165
86 103
195
88 276
238
80 206
186
79 907
133
70 391
139
67 046
66
73 887
58
77, 714
86
88 356
44
83 958
70
81 360
155. 5
96.2
59.3
168. 0
102.7
65.3
149.6
88.4
61.2
138. 9
78.2
60.7
126.2
69 5
56. 7
109. 4
60 9
48.5
125. 5
i 72.8
i 52. 7
116.0
65.7
50.3
146.6
87.5
59.1
1 51 . 7
93. 2
58.5
169. 8
104.8
65. 0
1 79. 8
112 8
67. 0
155. 1
99 5
55. 6
420
3,734
454
3,719
373
3,655
390
3, 561
400
3, 553
477
3, 669
400
3,698
357
3,703
454
3,776
444
3, 780
473
3,842
475
3,830
487
3 969
3,781
6 854
3,844
7,730
188
4,763
7, 655
51
4,407
7,109
72
4,073
7 124
85
4,761
6 137
74
3, 734
6, 652
89
3,709
6 305
73
4, 541
7,569
94
4, 15-3
7 057
88
4, 396
7, 475
103
5 016
7 994
'l06
30, 830
72 308
18, 126
83 926
28, 260
42, 061
76 211
27,718
94 675
30, 103
43, 879
73. 316
29, 036
97. 791
30, 335
42, 526
76, 152
27, 284
104, 584
30, 342
40, 046
73 978
25. 926
98 007
26 569
39, 323
71 256
23, 829
86 709
25 470
40, 764
66, 505
23. 987
87 691
25, 304
40, 574
62 685
22, 387
81 149
24 562
46,3 11
71, 800
27, 043
93 059
28, MO
45,138
70 456
24, 795
97 541
3^ 634
10, 060
9 865
103 695
26, 549
10, 883
11 549
106, 950
30, 095
11, 154
10 822
109, 339
30, 951
10, 758
12, 128
112, 886
33, 028
8, 716
11 196
114 135
30, 449
8, 552
10 963
119 675
29,411
9,308
9 599
114,482
31,611
8 801
12 067
108 309
31, 042
8,815
14 106
129 264
35, 860
Imports, total 9 t
Nitrogenous materials, total 9
Nitrate of soda
Phosphate materials
Potash materials
do
-- -- - do .
do
do
do
Potash deliveries
do
Superphosphate and other phosphatic fertilizers (100%
P 2 0 5 ):t
Production
_
short tons
Stocks, end of month. _ _ __ _ . _ _ _ do .
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments: J
Total shipments . ..
_
- mil. of dol .
Trade products
do
Industrial finishes
do
Sulfur (native):
Production
._
._
thous. of lone tons
Stocks (producers'), end of month
_ do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods, and tubes
thous. of lb_
Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes
do
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins.
Vinvl resins
Alkyd resins
--- - - do _
do
_ , do _
do
do
Rosin modifications
_ _ _
Polyester resins
Polyethylene resins
Miscellaneous (incl. protective coatings). -
do _
do
do
do
8
13
194
38
950
585
859
507
49. 661
85 897
28, 823
104 464
33. 569
50
86
23
104
33
9,
15
128
37,
045
158
955
579
9 95?
1?' 959
132* 789
38,' 91 7
r
742
564
846
414
699
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total t
mil. of kw.-hr.Electric utilities, total
do.__By fuels
do
By waterpower_- - do
70. 694
63, 528
51, 636
11, 893
74, 613
67, 255
55, 138
12, 117
69, 628
62, 581
51, 141
11, 440
69, 485
62, 252
51. 759
10, 493
68, 271
61,410
50, 649
10, 761
72, 997
66, 202
54, 941
11,261
73, 547
66. 559
55, 803
10,756
65, 746
59, 263
49, 018
10, 245
71,742
64, 641
50, 765
13, 876
68, 289
61, 280
47, 440
13, 840
71,032
63, 660
49, 647
14, 013
72,410
65,191
51, 731
13,460
75, 223
68, 202
54, 702
13, 500
Privately and municipally owned utilities _ _ d o
Other producers (publicly owned)
do
51,614
11, 914
55, 178
12, 077
51, 575
11,006
51, 257
10, 996
50, 431
10, 979
54,169
12,033
54. 408
12, 152
48, 462
10, 801
52, 444
12, 196
49, 395
11,886
51,712
11,948
53, 233
11, 958
55,016
13, 186
do
. do
do
7, 166
6, 897
269
7, 358
7, 109
249
7 047
6,811
236
7 233
6, 995
238
6. 862
6, 5 ( H)
263
6, 794
6, 541
254
6,987
6, 720
267
6, 484
6, 224
259
7, 101
' 324
7, 009
6 682
327
7,371
7, 024
347
7,219
6, 908
310
7,021
6, 765
256
do
56, 297
59, 014
58, 820
56, 655
55, 704
57, 491
59, 436
58, 101
58, 177
57, 212
57, 803
58, 903
- do_ _
-do -
10, 139
27, 618
10, 684
29, 064
10, 690
28, 774
9, 739
28, 625
9. 225
28, 036
9, 327
27, 882
10, 137
27, 387
9, 944
26, 856
10, 275
27, 709
10, 129
27, 668
10, 755
28, 593
11,403
29 332
344
14, 991
1, 440
441
1, 256
68
364
15, 523
1, 535
459
1,318
67
323
15, 760
1, 364
494
1,348
67
380
14,915
1,017
543
1,378
58
386
15, 223
810
582
1, 392
50
462
17,001
730
613
1, 420
56
457
19, 430
(2)
623
1, 325
77
445
18, 839
(2)
560
1, 386
72
418
17, 740
(2)
568
1,345
3 122
384
17, 013
(^
570
1,320
128
370
16, 121
(2)
491
1,326
146
358
15, 827
(2)
471
1,372
139
956.3
987.8
997.0
961. 7
947.0
975.0
1,010.9
997.6
981.0
966.8
968.7
989. 3
Industrial establishments, total
By fuels _ _ _
._ _
.
_
By waterpower. _.
_ _ _
Sales to ultimate customers, total (EEI)J
Commercial and industrial:
Small ll^ht and power cf- ..
Large light and power cf _ _
. - -
Railways and railroads
.
do
Residential or domestic
_ _
do__Rural (distinct rural rates) _ _
_ _
_ do
Street and highway lighting
do
Other public authorities
do _.
Interdepartmental _ _ . . _ .
.
_ do
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. of doLGAS
Manufactured and mixed gas (quarterly):?:
Customers, end of quarter, total $
thousands
Residential
_ do _
Industrial and commercial
__do
Sales to consumers, total 9
Residential
___
Industrial and commercial
mil. of therms..do
_ _ d o __.
Revenue from sales to consumers, total 9
Industrial and commercial—
_
mil. of doLdo
2,287
2, 141
145
2, 126
1,985
140
300
168
118
551
397
150
43.0
30.3
12.2
69.1
53. 7
15 1
r
Revised.
1 Beginning January 1961, trade sales lacquers (1ormerly s hown with industr ial finishe s) are included und(ir trade pi-oducts.
3
as rural have been assigned to other appropriate classifications.
Beginrling March 1961, d£ ta includ e sales not previous y reporte d.
5Stat.PS rrmrp.spntprl fmv "NFnrfrh P.nrnUnn Rnnf-Ti ParnHrm Clar
were transferred to "large, etc." Unpublished revisions (January 1959-February I960) are available upon request.
1
2
Effectiv 3 January 1961, datei formerly reported
reports from Virginia,
-June, 311.
il 1959 and January, electric power sales
ided with "small, etc."
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1901
1960
July
August
1961
Septem- October Novem- .December
ber
ber
January
February
March
April
May
8 331
7, 358
10, 508
8 448
7, 070
11, 400
11,593
11,410
15, 603
15, 789
June
July
AugU.-t
ELECTRIC POWER AND GAS—Continued
G AS— Con tinue d
Natural gas (quarterly) : 9
Customers end of quarter total
Residential
Industrial and commercial
Sales to consumers total
Residential
Industrial and commercial
thousands
do
do
mil of therms
do __
do
Revenue from sales to consumers total
Residential
Industrial and commercial
mil. of dol
do
do
30, 289
27, 934
2,321
31,175
28, 658
2.477
16 286
2, 523
12 927
T> 353
7 482
13, 773
814.4
332. 7
455, 8
1.360.9
759 1
565. 0
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
8 928
Production
thous. of bbl
9,173
8,603
8,989
Taxable withdrawals
do_
Stocks end of month .
_
_do_ _. 11,241
10, 887
Distilled spirits (total) :J
9,126
10, 319
Production!
-- -- -.thous. of tax gal__
Consumption, apparent, for beverage purposes©
18, 303
thous. of wine gal__ 1 6, 748
9, 542
7,644
Taxable withdrawals!
thous of tax sal
835,782 833, 699
Stocks end of month §
do
2
205
2,820
Imports
thous of proof gal
Whisky:
7, 285
6 874
Production
thous of tax gal
5 059
6 642
Taxable withdrawals
do
814 039 812. 166
Stocks end of month
do
1,952
2, 546
Imports
thous. of proof gaLRectified spirits and wines, production, total t
6,
594
5, 556
thous of proof gal
A 3*l>
5, 064
Whisky
do
Wines and distilling materials:;
Effervescent wines:
217
Production
thous. of wine gal-909
144
Taxable withdrawals
do
2,774
2, 797
Stocks end of month
do
51
38
Imports
do
Still wines:
Taxable withdrawals
Stocks end of month
Imports
do
do
do
1 284
9, 044
132, 309
580
2, 366
7, 332
7, 519
10, 229
6, 773
6. 571
6 225
6, 411
9, 447
10,017
6 816
6 077
6, 552
9, 1 26
5,828
9.738
6 210
5, 573
10, 004
8 957
8,218
9 025
9,201
11,921
16, 351
16,751
15,035
15,405
15, 079
16, 141
14, 443
18, 633
10, 256
832, 603
21,423
24,718
15,069
20,241
12 708
832, 656
4, 356
1 1 , 554
834, 998
5 088
27, 743
7, 699
840, 364
3. 752
18, 320
9 339
850, 230
2 535
"lO, 240 "~ H, 307
859. 477 801, 575
2 914
3 204
12 352
6 779
835, 974
2, 572
3,320
8,748
7 704
810, 746
2, 954
808.816
3, 843
7,788
10, 125
8 137
6 062
267
272
236
399
2- 547
100
2, 743
60
4 466
56 859
11,464
125,733
717
168, 517
17, 967
117, 035
193
13 103
5 559
821 301
1, 901
12 891
6 498
825 400
2. 014
13 070
6 930
829 421
2,542
1"! 565
6 381
832 287
2, 237
5, 739
4 168
5,057
6,390
3 579
4 908
6, 785
5 163
6 431
4 790
6, 9*3
5 199
5 800
314
433
2, 161
136
431
231
2 33*
58
357
161
2 506
42
373
995
2 627
355
218
2 753
52
334
317
2,717
79
520
2*1
2. 922
07
7 3^7
2 769
2 816
11, '885
188 573
651
2 805
559
15, 283
177 229
2 199
1 1 , 855
101 933
812
497
1 979
1 93n
(joy
776
537
544
815,499
3,333
8 871
7 098
274
481
309
171
]9
8
810
4,
11, 162
9 981
15, 892
8, 652
849, 979
2 269
0
7 449
846,057
0
12,609
5 752
9, 969
853, 798
2 910
58
0
9 550
8 935
11,460
2 437
11,924
7 313
838.410
2, 899
2, 140
40
70 470
13, 349
220. 129
977
125, 509
14,834
12,987
11.705
219 4°2
208, 765
1 . 034
18, 139
200, 879
697
94, 600
116, 015
.616
93. 620
90, 587
. 623
109,200
121,810
116,520
130.990
. 01*
76, 808
.619
75, 707
.611
80, 289
. Oil
97, 986
.612
108 905
110,585
100 (!*5
67 9° 5
I ' M ISO
12° 0 9 f>
114 955
77 830
139 3*0
93 965
147 205
l!)5 025
173 705
328, 804
x7 71*
8 I9'
332,594
'^I'Mll 1
2*7 03')
7 959
332, 401
293 505
341,084
302 349
5 010
308. 343
3''4 940
«') 02]
400, 937
357 0'-'3
5 1*0
M52.
*<;i
r
9
7 408
400 *3
7 4*S
4 -) 3 97N
3 93'>
. 438
138
. 434
. 4 IS
, 422
. ill
.408
. 40*
9
7 1-0
00 500
5 7*0
252 400
5 5 in
213 91 K)
13,284
736
1,'^70
29 789
3,727
905
1 293
12,467
156,424
13,413
140. 0*3
933
914
934
1, 139
77*
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
thous. of lb__ 1 1 6, 985 97. 990
179, 861 169. 325
Stocks, cold storage, end of month
_ _ . do
. 598
.586
Price, wholesale, 92-seore (New York")
dol. per l b _ _
Choose:
T'O
r,35
Production
(factory)
totalj
thous
of
Ib
97 150
HI, 135
\m n T'ican whole milki
do
360, 107
Stocks, cold storage, end of month, total
do
315 728
•\ nieriftin whole IP ilk
do
jju [)()[•(«
do
3 430
Price, wholesale, American, single dnisie? (Chicago)
doi.porlb
Condensed and evaporated milk:
Production, ea.se goods:!
Condensed (sweetened)
thous of 11)
r <)••>••> !-,O('
Kvaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of m o n t h :
4, 856
Condensed (sweetened)
thous. of l b _ _
Exports:
Condensed (swee'ened)
do
K vanorated (u nsweetened)
do
Price, manufacturers' average selling:
K vaporatcd (unsweetened)
dol percale
Fluid milk:
Production on farms! _
_
mil. of Ib
Utilization in manufactured dairy productst_._do
Price, wholesale, U.S. average!
dol. per 100 lb_
Dry milk:
Production:!
Dry whole milk
_
thous. of Ib
N o n f a t dry milk (human food)
do
Stocks, manufacturers', end of month:
83, 985
135,540
71, 235
358,914
r
346. 18')
304 237
5 045
333,011
317 94*1
4, 3S2
.401
.430
.438
202, S02
r
170.90(1
r;
291 735
7, 135
r
•r 6 03*
160. 250
r
r
r 5 517
4 799
139 17* ' J39 ,'90
5, 467
3< >-i 7! 1
5, iS4
341 169
5, 835
319 174
6, 202
30' ' '01
14,03."
3. 90;1
6, 773
3, 288
6. 220
3,213
11, 141
r
HI 3MO
. 41 2
r
r 5 f,x()
131 300
. 012
r (\ ()()5
r
181 200 ''200 700
155,050
1 58. 729
.612
127,405
r
130.005
153. 835
217. 831
. 012
249, 709
.012
175. 885
132. 0*5
14S 090
109. 990
4S1.SS5
5,100
1''5 40*
5, 538
111 040
4, 854
2';* 750
7. 423
319 G 9 9
0. 75*
83 l-J-5
5, 197
4, 60S
4, 359
4. OS 3
12. 852
2, 93*
12 030
3 **'•)
11,765
4. 420
S, 537
500,932
449 (i3(i
6, 533
18 315
1 54' 947
4. 7 '1
8. 168
2, 540
1 3, 990
3, 3°9
9, 405
6. 33
6. 32
0 31
0. 31
0. 32
0. 29
0. 29
6 29
9, 495
3. 782
4. 59
9. 859
4. 000
4. 45
9, 381
3, 85*
4. 31
10.843
11, 108
4, 729
4. 01
12, 278
5, 532
3. 92
11.941
11,014
10,203
5. 495
3. 80
4, 593
4. 03
'?• 4.~19~
7, 450
7, 600
13*. 350
6, 750
152, 200
6, 480
1 50, 200
7, 500
0. 200
194,300
193.500
8, 250
2'>9 000
7, 550
233, 800
5, *5f)
182, 000
6 31
0.31
6. 32
6. 33
10.750
9, 352
3. 207
4. 12
9, 305
4, 235
3. 96
10,006
3, Ml
4. 14
-1. 57
8, 974
3,31*
4. 65
7. 700
158 350
7, 600
121. <T.o
8, 300
98, SOO
8, 500
110, 000
110.300
3.426
84 275
135,0(15
121.230
9
4, 505
4.18
l>
6 405
4 892
5 829
6 l >
5 254
5 813
0 089
7 3? 5
6 890
10 709
8 3°1
7 205
5 550
156, 882 137, 126 113,795 110,247 101,690
103,077 103.145 109,041 104,872 127! 154 1 50, 042 157, 176 170, 448
Nonfat drv milk (human food)
do
Exports:
1,941
1.308
2 401
1, 734
900
219
376
1,353
3, 201
2, 781
1. 008
1, 694
1, 120
Dry whole milk
do
13, 573
35, 090
10, 494
1 1 , 597
13, 442
22, 963
21,688
32, 2*1
20, 852
21,0*5
19,315
17, 922
Vonfat drv milk (human food)
do
Price, manufacturers' average selling, nonfat dry
. 136
.138
. 140
.143
.139
.139
.134
. 139
.134
.158
.159 i
. 159
milk (human food) __ _
..-dol. n e r l b _
w
r Revised.
p Preliminary,
$ Totals include data not shown separately. Revisions for 1952-58 for total sales and total revenue (for 1st and 2d quarters of 1958 for other items; see footnote) are on p. 24 of the April 1960
SURVEY. Revisions for 1st and 2(1 quarters of 1959 will be shown later.
§EiTeetive July 1900, data exclude amounts classified as "spirits"; such amounts now included with ethyl alecohol (p. S-24). O Alaska included beginning January 1959.
^Revisions for the indicated items and for the periods specified are available upon request as follows: Distille* 1 spirits, rectified spirits, and wines (except import data for these items)—
July-December 1959 (scattered revisions); butter and cheese (total and American—January 1957-June 1959; conde nsed and evaporated milk—January 1958-June 1959 and January-June 1960:
dry whole milk—January 1952-December 1959; nonfat dry milk—January 1954-June 1959; fluid milk production—.Is nuary 1955-December 1959; fluid milk used in manufactured dairy products—
January 1952-July 1959; and January-March 1960; fluid milk price—June 1958-March 1960.
. i.
September 1961
SURVEY OF CUEKENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-27
1960
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Production (crop estimate)
. thous. of bu._
Shipments carlot
No of carloads
Stocks, cold storage, end of month
thous. of bu_.
1
119
167
16
178
231
14, 120
1,087
44,598
1,493
37, 539
108, 515
1,718
28, 100
1,191
21, 665
1,189
14, 958
1,430
9,219
1,615
4,506
1,415
1,590
r
507
••288
'299
207
2125,155
78
234
4,689
Citrus fruits carlot shipments
No of carloads
Frozen fruits, iuices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. oflb. _ 430, 862
554, 600
Fruit juices and purees
do
634, 794
Vegetables
_.
do
Potatoes, white:
Production (crop estimate).
- thous. of cwt.
7,741
Shipments carlot
No of carloads
Price, wholesale, U.S. No. 1 (New York)
dol. per!001b._
3.153
3,658
3,197
2,188
3,076
8,189
6,035
5,841
6, 506
5, 957
6,625
'6,310
5,003
3,885
522, 051 517, 744 507,683 482, 688
413,014 353, 408 291,691 290, 730
942, 145 1,012,996 1,017,386 983, 519
449, 926
384, 114
877, 632
405, 768
509, 681
847, 530
348, 949
527, 843
809, 594
300, 475
578, 531
802, 726
496, 852
453, 229
801, 345
1
279,030 'r 367, 970 482, 807 584, 767
676,670 686, 979 605, 232 510, 564
747,172 ••797,839 901, 303 1,109,978
5,265
7,385
8, 758
9,388
257, 435
10, 388
11, 785
12, 552
16, 711
15, 445
17, 983
3.836
3.790
3.981
4.160
4. 050
3.692
4.200
4.325
4.533
» 4. 586
19, 049
r 9, 292
2278,439
5,430
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) t-thous. of bu._
66, 111
68, 721
83,248
81,262
86,743
86, 241
76, 866
94, 351
109,181
89, 143
96, 305
76, 677
79,954
Barley:
Production (crop estimate).
Receipts 4 principal markets
13, 616
36, 708
19, 794
14, 429
13, 511
1 427, 018
11,021
16, 294
13, 778
15, 365
10, 925
10, 566
11, 464
11,213
6,007
5,995
468
280
188
9,680
9,304
7,370
355
202
153
6,584
6,288
7,480
245
127
118
5,723
8, 399
8,439
3 64
3 88
4,506
3,684
1.092
1.013
1.125
1.026
1.122
1.012
1.148
1.069
1.119
1.025
1.129
1.037
1.139
1.043
1.141
1.054
1. 145
1.060
1.176
1.095
1.189
1.097
1.206
1.124
1.454
1.328
12, 370
13, 712
34, 077
13, 080
21,172
13, 851
29, 939
12, 396
78, 466
i 3, 891
11,034
29, 730
12,172
28, 599
11, 924
39, 739
13, 393
33, 442
11, 980
40, 954
13, 412
41, 163
13, 843
32, 410
12, 719
38, 418
20, 028
3 1, 789
3454
3 1, 335
13, 659
16, 556
27, 784
4,700
3 060
1 641
28, 610
18, 976
3,655
2 076
1 580
30, 008
24, 743
23, 853
2,809
1 439
1 370
21,398
17, 159
1.184
1.110
1.165
1.037
1.057
1.014
.960
.942
1.017
.991
1.101
1.042
1.128
1.046
1.106
1.045
1.081
1.011
1.131
1.067
1.116
1.082
1.136
1.096
39, 112
16, 046
6,263
4,461
1 151
2,820
6,733
6,363
4,367
3,678
9,279
7,280
10, 744
do
do. _
Stocks (domestic), end of quarter, total cf — mil. of bu_.
On farms
-do
Offfarmscf
_ _ _ _
do
Exports including malt t§
thous. of bu
Prices, wholesale (Minneapolis) :
No. 2, malting
dol. per bu__
No 3 straight
do
Corn:
Production (crop estimate)
mil of bu
Grindings, wet processO
thous. of bu__
Receipts, interior primary markets _ _._ _ do __
28, 441
Stocks (domestic), end of quarter, total cf ..mil. of bu_O n farms
._
. _ .
_do_ _
OfTfarmscf
do
15, 960
Exports, including meal and flour t
thous. of bu_
Prices. wholesale:
1.194
No. 3, yellow (Chicago)
dol. per bu__
1.135
Weighted average, 5 markets, all grades
do
Oats:
Production (crop estimate)
Receipts, interior primary markets
mil of bu
thous. of bu__
1
10, 198
1,085
963
121
Stocks (domestic), end of quarter, total cf._mil. of b u _ _
On farms
do
Off farms cf
do
Exports including oatmeal t
thous. of bu
Price, wholesale, No. 3, white (Chicago). .dol. per bu__
Rice:
Production (crop estimate)
thous of bags 9
California mills:
Receipts, domestic, rough..
_thous. of Ib
Shipments from mills, milled rice.do
Stocks, rough and cleaned (cleaned basis), end
of month
thous o f l b
•Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
do
Shipments from, mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), e n d o f month
_ _ _ _ _ _ _ mil. o f l b
Exports t
-- thous o f l b
Price wholesale, head, clean (N.O.)
dol. per Ib
Rye:
Production (crop estimate)
thous of bu
Receipts, interior primary markets. _
do__
Stocks (domestic), end of quarter totalcf
do
Price, wholesale, No. 2 (Minneapolis) ._ dol. perbu..
Wheat:
Production (crop estimate) total
Spring wheat
_
Winter wheat
Receipts, interior primary markets
Disappearance (quarterly total)
mil of bu
do
do
thous. of bu_.
do
2, 188
.734
3,841
.042
69, 890
32, 566
36, 072
25, 436
212, 208
38, 082
62, 212
58, 978
129, 902
100, 423 1,245,312 1,333,826
98, 679 201,098 320, 686
88, 282
81, 634
51, 209
46, 938
207, 057
246.3
130,246
.081
208.0
42, 918
.079
3,338
4,832
1.083
1. 068
thous of bu
do
831. 7
69, 319
.077
1,403.4
187, 850
.078
1,176
1,920
35, 519 _ - _ . . - . _ .
1.106
734
.640
2,779
.682
1,134
.658
1,568
.725
123,031
98, 010
129, 554
76, 570
96,718
70, 850
100, 931
76, 009
49, 785
63, 243
76, 100
51, 180
87, 889
69, 215
113.901
69, 888
140, 554
126, 439
133, 119
125, 993
118,979
87, 159
85, 219
77, 247
83, 397
450, 749
272, 295
270, 578
344, 358
147,889
257, 071
125, 754
241, 328
111,908
270, 652
77, 023
210, 429
53, 496
204, 361
45, 668
126, 482
23, 581
150, 441
1,472.3 1,322.1
213, 987 250, 040
. 079
.081
1, 170. 5
244, 542
.083
1,029.2
153, 099
.083
842.9
226, 1 93
.084
01 5. 9
189, 757
.085
454. 0
202, 878
.085
384.6
64, 6S1
p. 087
251.9
95, 772
460
079
1,094
910
3 14, 138
1.123
1, 325
712
1.093
1
1
87, 874
47, 595
319, 451
33, 260
23, 809
2. 345
550
i, 795
40, 950
37, 388
38, 479
34, 513
53, 776
48, 529
49, 594
42, 171
1.125
1.081
.678
54,612
32, 491
529
25, 640
1. 093
1, 350. 3
i 240. 4
1, 103. 9
18,159
279,693
2 56, 632
1.097
49, 785
41, 004
1. 235
1,019
20, 115 — - —
1. 147
1.129
2 25, 867
1.210
1.217
2
34, 207
23, 834
27, 338
365, 618
15, 730
25, 279
49, 091
44, 800
04, 442
57, 083
70, 340
61, 335
33, 272
300, 835
3
1 705
256
1 449
2 007
421
1 646
50, 831
45, 317
14, 595
3324
3267
3 57
556
482
74
2,300
.605
64, 197
47, 541
1.426
1. 346
994
2,760
.661
1
103, 693
19, 598
1,020
.654
1,143
.665
1
Stocks (domestic), end of quarter, totalcf-.mil. of b u _ _
On farms
do
Off farmscf
do
Exports total including flour t
Wheat onlyt
1,647
3 159
2 3 ^OQ
851
766
85
5,641
.653
4,065
.680
2380,416
27, 299
3
54, 045
48, 941
59, 719
52, 750
1 210 5
2 152. 9
21,057.5
93, 271
1,407
3 136
1,271
49, 211
45, 429
57,371
50, 576
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.287
2. 154
2.146
2. 142
2. 120
2.146
2. 295
2.269
2.171
2.157
2.344
2.217
2.149
dol. per bu._
2.150
1.892
2.009
1.982
2. 044
2.004
1.962
1.988
1.937
2. 025
2.025
No. 2, hard winter (Kansas City). _ _
do
1.925
1.976
2.050
2.040
1.784
1.852
1.971
2.106
2.073
1.950
1.817
No. 2, red winter (St. Louis)
do
1.900
1. 780
2.145
1.871
2.127
2.023
2.132
2.113
2. 335
2.182
2. 130
2. 155
2.135
2.146
Weighted avg., 6 markets, all grades
do
2.111
2.138
2.130
2.210
2. 125
2
3
* Revised.
* Preliminary.
i Revised estimate
of 1960 crop.
September 1 estimate of 1961 crop,
Old crop only; new grain not reported until beginning of new crop year (July for
4
barley, oats, rye, and wheat; October for corn).
No quotation.
^Scattered revisions for 1958-January 1960 for exports of indicated grain series will be shown later.
§ Excludes a small amount of pearl barley,
OData beginning January 1959 are on
standard 17-percent moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent).
9 Bags of 100 Ib.
cf Data prior to last quarter of 1959 will be shown later. The figures include grain owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins.
SUEVEY OF CUKEENT BUSINESS
S-28
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1961
1960
July
1961
DecemOctober NovemAugust September
ber
ber
January
February
March
April
June
May
July
August
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour: t
Production:
Flour
thous. of sacks (100 Ib.)
Operations, percent of capacity
__ _
Offal
thous of short tons
Grindings of wheat
thous. of bu
Stocks held by mills, end of quarter
thous. of sacks (100 Ib.)
Exports
do
Prices, wholesale:
Spring, standard patents (Minneapolis) §
dol per 100 Ib
Winter hard 95% patents (Kansas City)§ do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous of animals
Cattle
- do
Receipts principal markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves vealers (Natl Stockyards 111 )
do
Hogs:
Slaughter ("federally inspected) thous of animals
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb__
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (federally inspected) thous of animals
Receipts principal markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb__
Lambs feeder good and choice (Omaha) __do__
MEATS
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil. of Ib
Stocks (excluding lard), cofd storage, end of month
mil. of lb__
Exports (including lard)
_ _
do
Imports (excluding lard)
do
Beef and veal:
Production inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb__
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. perlb__
Lamb and mutton:
Production inspected slaughter
thous of Ib
Stocks cold storage, end of month ___
_ do
Pork (including lard), production, inspected slaughter
mil. of lb__
Pork (excluding lard):
Production inspected slaughter
thous of Ib
Stocks, cold storage, end of month
do
Exports
do
Imports
do
Prices, wholesale:
Hams smoked composite
dol per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production, inspected slaughter
thous. Gf Ib
Stocks, dry and cold storage, end of month
do
Exports
do
Price wholesale refined (Chicago)
dol per Ib
22 374
98.6
417
50, 837
21, 800
95.9
406
49, 585
2,397
5.300
5 083
450
1,787
1,992
388
25.30
21.81
25.50
22, 194
89.5
422
50, 810
21 , 804
96.1
411
49, 801
1,548
1,724
4,367
2,281
5.365
5.050
5 250
4 983
374
1, 592
1,599
249
19, 420
90.1
371
44, 482
r
377
' 22, 722 f 18 744 »-20 790 r 20,
r
87.0
85. 2
f-86.
1
91.0
r
r
r
r 4]8
380
386
346
r
51, 499 r 42, 492 ' 47, 211 f 46, 266
20, 777
91.0
390
47, 316
4,234
1,645
2,954
22, 678
'99.
4
r
422
51, 542
f 21, 285
'98. 4
>"393
r
48, 251
3,227
4,709
3, 818
2,127
3,200
4,849
3,918
2,219
3,030
5 330
5 090
5.303
5 033
5 328
5 050
5 280
5 017
5 315
5 050
5 335
5 033
5 433
5 050
5 473
r 5 033
514
1,782
2, 092
783
516
1,746
2, 605
1,319
502
1,625
2,086
884
451
1,576
1,634
541
427
1,632
1, 826
476
385
1,435
1,397
311
457
1,627
1,629
402
378
1,502
1,541
371
24.75
21.23
24.50
24.62
20.91
25.50
24.83
21. 59
25. 50
26.00
22.54
28.00
26.61
23.61
30.00
27.02
24.29
33.50
25.84
23.70
36. 50
25.32
24. 50
32.50
4 304
2,061
5 203
2,466
5, 165
2,330
5 407
2,451
5 707
2,597
5 753
2,615
5 744
2,586
5 078
2,234
16.57
16.14
16.07
17.04
17.06
16.68
16.82
15.2
15.2
14.8
16.9
19.2
18.1
17.1
1,113
875
190
1 240
1,165
474
1,323
1,457
722
1,353
1,507
616
1,192
1,005
215
1,114
889
184
20.25
17.95
18.25
17.21
16.50
17. 34
16.50
15.98
16.50
15.95
1,834
2,097
2,081
2,110
532
69
77
461
88
94
403
89
68
402
103
56
976.2
153, 322
1,770
51, 718
1, 091. 6
160, 876
2, 596
70, 735
1, 094. 5
171, 243
2,756
48, 636
1, 074. 1
182, 739
2,877
36, 300
23, 496
103.6
440
53, 610
r
r
r 5 050
p 5 598
v 5 214
381
1, 754
1,751
339
364
1,785
1,560
274
341
1,628
1,573
258
24. 73
24. 38
30.00
23.09
23.06
r 28. 50
22.30
21.81
26.00
22.23
21.70
P 25. 48
6 110
2, 530
5 048
2,248
5 597
2, 569
5 093
2,363
4 320
2,056
17.74
17.26
16.90
16.19
15.91
16.60
17.19
17.6
16.9
17.5
15.7
15.2
15.7
16.5
1,300
1,003
177
1,117
835
128
1,311
933
119
1,247
988
157
1, 358
1,152
212
1,252
864
142
1,126
860
201
16.50
15.78
17.25
16.59
17.25
16.96
16.50
16.65
15.25
15.75
18.75
14.04
19.25
14.95
17.75
14.44
2,112
2,100
2,154
1,879
2,211
1,945
2,245
2,171
1,898
410
78
43
423
89
51
444
75
59
470
74
50
477
69
71
529
58
80
523
79
63
'496
78
93
444
94
92
1,002.4
182, 239
3,077
24, 778
977.2
183, 540
2,620
28, 581
1,035.0
168, 238
2,973
34, 537
908.9
156, 977
2,786
31, 029
1, 042. 4
153, 366
2, 370
42, 604
952.5
166, 358
2,582
53, 493
1, 120. 3 1, 132. 9
164, 368 -•165,878
2,591
2,458
41, 635
67, 594
1, 032. 3
168, 695
1,895
67, 320
178, 333
5. 570
24.01
22.94
17.75
14.01
398
.441
.433
.425
.421
.438
.459
.476
.458
.444
.434
.415
.400
.391
.410
49, 974
13, 178
56 532
13, 434
59, 347
12, 644
62, 057
12, 286
56, 561
12,424
54 093
12, 442
64, 972
12, 316
57 121
11, 767
66 856
17, 618
63 033
22, 033
65, 485
24, 312
57 359
r 26, 014
50 579
24, 809
23, 550
807.8
949.0
927.1
974.2
1, 053. 4
1, 069. 2
1,053.9
913.4
1,101.4
930.0
1, 059. 1
981.2
814.8
607, 007
294, 242
3, 006
15,584
715 652
220, 665
4,278
13, 227
704, 006
157, 812
7, 103
12, 568
744, 573
143, 934
6,352
13, 842
808, 536
153, 629
7, 245
13, 530
816,207
170, 226
6, 578
13, 382
804, 286
200, 383
7,304
14, 569
696,199
235, 567
6,682
12, 693
840 157
243, 667
4, 579
1 7, 552
700 683
269, 792
4,876
12, 618
793 092
268, 552
3,930
12, 176
729 085
239, 780
6,387
14, 425
612 558
189, 125
6,000
13,962
141, 777
.469
.508
.469
.485
.445
.520
.472
.525
.476
.505
.526
.489
.491
.490
.487
.490
.486
.457
.459
.456
.456
.456
.440
.470
v .450
.514
.488
146, 486
128, 900
42, 940
.133
169, 799
108, 900
51, 186
.140
162, 085
92, 500
42, 319
.128
167, 381
72, 400
57, 920
.133
178, 840
83,400
32, 995
.140
184,405
93, 500
49, 381
.131
182, 790
114, 300
40, 461
.135
158, 935
112, 400
39, 997
.158
191,463
141,200
33, 899
.158
166, 682
153, 100
26, 065
.143
193, 464
149, 100
41, 003
.138
184, 098
149, 600
31,
894
r
.121
148, 457
602
632
629
188, 382 '209,168
93, 755 r 106, 329
243, 871
128 257
POULTRY AND EGGS
Poultry:
526
Slaughter (commercial production)
mil of Ib
Stocks, cold storage (frozen), end of month
thous. of lb_. 152, 737
70, 891
Turkeys
_
do
Price, in Georgia producing area, live broilers
.171
dol. per lb._
Eggs:
13.9
Production on farms
mil of cases 9
Stocks cold storage, end of month:
1,029
Shell
thous of cases 9
166, 387
Frozen
__
thous. of Ib
Price, wholesale, extras, large (delivered; Chicago)
.321
dol. per doz__
631
656
718
638
518
477
378
460
491
201, 111
112, 517
292, 626
186, 057
414, 384
282, 187
352, 509
209, 941
300, 708
160, 097
298, 026
169, 292
267, 538
152,383
228, 953
126, 064
206, 271
108, 325
r
r
48, 984
v 125
313, 814
185 336
.160
.150
.151
.149
.148
.155
.170
.163
.148
.135
.120
.118
.123
13.3
12.6
13.0
13.1
14.0
14 3
13 5
15 7
15 3
15 4
14 2
13 9
13 5
746
158, 094
483
139, 797
269
113, 743
96
87, 344
76
64, 144
80
54, 158
49
48, 706
49
53, 965
78
66, 930
238
92, 449
r 365
l!2 565
314
112 610
280
108 160
.367
.458
.493
.523
.447
.370
.387
.353
.325
.308
.326
.347
r
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
long tons
21,465
15, 477
15, 304
17, 613
20, 129
39 265
32, 527
18, 678
30, 993
33, 298
39 850
43 205
48 404
.293
.290
.298
Price, wholesale, Accra (New York)
dol. pe Ib.,
.295
.255
.283
.229
.226
.205
.228
.230
.215
.'222
.212
r Revised.
*> Preliminary.
J Revisions for 1958-March 1960 will be shown later.
§ Quotations are for 100 pounds in bulk; prior to 1959 for 100-pound sacks.
9 Gas es of 30 dozen.
SURVEY OF CURRENT BUSINESS
September 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-29
1960
July
19G1
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end 71
of
quarter
_
thous. of bagso
R castings (green weight), quarterly total
do
Imports
-- - - do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
dol. perlb..
Confectionery, manufacturers 'salesj
mil. of dol .
Deliveries total
do
For domestic consumption
_ _ _ _do
For export and livestock feed
do
Stocks, raw and refined, end of month
thous. of short tons..
Exports
short tons
Imports:
Raw sugar, total 9
-- -- do._
From Cuba
.
do _
From Philippine Islands
_
__do
Refined sugar, total
do__
From Cuba
do
Prices (New York):
Raw, wholesale
dol. perlb..
Refined:
Retail!
dol. per 5 lb__
Wholesale (excl. excise tax). _ __ -dol. perlb
Tea, imports
__
thous. of lb__
Baking or frying fats (inch shortening):*
Production
mil. of Ib
Stocks (producers' and warehouse), end of month
mil. oflb..
Salad or cooking oils:*
Production
_ _ _ . _
_ do..
Stocks (producers' and warehouse), end of month
mil. oflb..
Margarine:
Production
__ __ __ _. _.
do
Stocks (producers' and warehouse), end of month
mil. o f l b _ .
Price, wholesale (colored; delivered; eastern U.S.)
dol. perlb..
3, 145
5 321
2,048
669
1,717
642
2, 965
5 92S
2,234
841
1,771
749
1,712
519
.368
106
.369
106
.378
103
' .373
87
.375
88
230, 463
203, 610
172, 880
157, 281
150, 157
1,661
1,335
1,415
2,325
4,280
4,215
4,430
4,365
4,490
650, 761
145, 498
134, 105
867 524
111,737
59, 432
768, 200
81,684
40, 838
288, 646
361,519
83, 220
50. 734
173, 198
117,917
47, 827
125, 126
139,929
87, 573
738, 762
308, 408
54, 814
474, 367
331, 906
44,141
296, 294
214, 975
309,613
209, 113
842,516
837, 525
4,991
704, 375
699, 680
4,695
685 437
683, 009
2,428
720, 836
717,104
3,732
629, 898
625, 878
4,020
651,020
646, 092
4,928
764, 906
758, 499
6,407
686, 240
681,089
5,151
969, 461
962, Oil
7,450
831,454
822, 452
9,002
2,031
1 057
3 440
5 083
1 963
863
2,078
784
I 826
546
.369
62
.364
84
.369
135
.308
129
.365
128
210, 519
222, 396
223, 188
237, 163
2,564
2,305
2,086
61, 750
296, 251
250, 283
127, 933
202, 533
141,012
1,071,969 892, 447
1,061,206 882, 429
10, 763
10, 018
Fish:
Stocks, cold storage, end of month _ _thous. of lb_
193, 461
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons2,910
United States:
Deliveries and supply (raw basis):
Production and receipts:
29, 414
Production
short tons
393, 966
Entries from off-shore, total 9
-- -- do
226, 355
Hawaii and Puerto Rico
do _
3,204
5 774
1,828
730
1 951
621
1,625
803
. 366
110
1, 632
481
.378
.375
66
r80
157, 734 «- 170, 225
r
189,475
1,396
414
1, 175
425
984
308
1, 365
291
1,946
193
2,327
276
2,337
262
2,209
352
2,124
389
2,011
457
1,785
375
' 1, 559
591
p 1,385
608
393, 494
211, 464
160,409
327, 623
3,280
192,515
343, 856
0
25, 227
196, 617
0
41,832
351, 845
0
45, 698
276, 073
0
34,919
217, 799
0
56,560
337, 491
0
103, 850
471, 485
0
163, 510
216, 614
0
116, 929
330, 276
0
140, 580
327, 078
0
119,712
430, 140
0
138, 344
56,170
42, 434
26, 792
3,750
23, 635
6,375
23, 424
960
8,789
180
6,005
180
6, 811
0
7,865
0
21, 282
0
11, 703
0
20, 470
0
14, 949
0
18, 973
0
.066
.064
.066
.064
.065
.064
.064
.063
.062
.062
.065
.065
.064
.541
.087
8,586
.565
.090
9,132
. 568
.090
9,132
.571
.090
8,050
.571
.090
7,845
.589
.088
9,710
.573
.088
8,993
.573
.088
7,734
.574
.088
10, 630
.573
.087
8,997
.573
.087
9,331
.574
.088
7,699
.580
» .087
8,830
151.8
218.1
189 4
205 1
193 5
186.9
199 1
209.9
211.8
188.6
205. 8
185.9
138.0
132.7
139.1
128.1
102.6
171.8
109.1
108.3
111.8
117.9
105.2
120.3
106.1
101.1
119.0
145.7
164.9
133.6
138.9
140.7
156.1
172.4
159.4
184.5
162.4
183.8
170.4
50.6
48.6
41.2
42.6
42.8
57.1
73.2
110.6
157.8
181.9
190.7
153.7
174.2
138.7
132.9
123.5
40.5
45.4
36.6
.275
P . 275
120.1
35.2
.238
135.2
33.5
.238
134.6
33.7
'.235
150.3
32.9
.235
148.4
31.4
.235
158.3
32.6
.245
175.3
35.3
.247
155.9
35.9
••.257
139.2
42.8
'.267
128.8
34.5
.267
'.275
.365
3,724
.060
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
31.5
37.0
41.3
35.5
34.8
24.5
27.2
30.0
30.7
27.6
34.9
Production (quantities rendered)
mil. oflb..
30.0
28.0
27.2
29.3
30.6
30.6
26.1
21.7
24.7
29.5
27.6
28.3
28.2
22.6
33.8
Consumption in end products!
__
_ do. ..
Stocks (factory and warehouse) , end of month
25.5
31.0
33.5
31.2
23.0
26.4
24.9
26.3
24.2
23.8
24.7
24.8
27.0
do
Tallow and grease (except wool), inedible :J
310.4
280.5
261. 1
275.4
290.5
233.9
308.8
249.6
257. 8
251.8
249.9
Production (quantities rendered). ... __ do
254.3
255.0
155.4
150.1
145.8
106.0
117.3
161.5
141.9
151.8
147.0
136.6
150.6
161.4
157.5
Consumption in end products^
_ do_.
Stocks (factory and warehouse), end of month
333.
7
329.1
339.6
371.1
349.8
338.4
304.8
347.1
348.5
301.1
330.8
310.7
342.7
do
Fish and marine mammal oils:J
3.3
52.4
32.8
.5
'47.2
.5
.3
22.7
7.8
40.0
9.0
36.8
29.5
Production. __ _ .
do
11.3
9.8
10.9
9.4
9.7
8.5
9.3
8.3
8.5
9.1
8.4
. 8.2
10.6
Consumption in end products©
do
Stocks (factory and warehouse), end of month O
71.8
154.0
92.3 r 108. 9
73.3
91.9
96.0
87.1
84.3
84.2
85.6
mil. oflb..
109.5
95.0
Vegetable oils and related products:
Vegetable oils (total crude and refined):
84.4
149.1
138.3
71.2
122.5
121.0
156.0
72.2
129.9
49.4
59.4
86.8
241.6
Exports.
_ _
do
50.2
40.2
36.2
30.5
48.1
45.4
47.6
38.7
42.6
46.5
41.0
37.0
52.5
Imports
do
Coconut oil:
Production:
50.6
38.0
45.9
43.9
46.2
29.7
44.7
37.2
45.8
33.7
44.8
35.9
47.9
Crude
_
__
. do37.9
45.2
31.4
43.9
38.7
35.4
32.6
27.5
36.3
30.0
29.9
35.2
36.8
Refined0
do
54.0
60.9
50.9
42.6
53.1
62.6
35.7
45.3
51.4
48.0
49.5
43.8
Consumption in end products _ _
_ _ _ d o _ ..
54.7
Stocks, crude and refined (factory and warehouse),
316.6
306.4
322 A
357.9
289.0
338.6
340.3
295.7
321.2
328.5
339.8
322.6
end of month
mil of Ib
327 0
5.2
17.4
6.7
15.6
16.1
11.4
6.6
16.3
13.8
12.5
7.8
16.5
8.9
Imports
do
Corn oil:*
Production:
29 5
30.0
24.2
28 1
27 7
25 6
24 6
27 1
26 9
26 8
29 6
28 0
27 4
Crude
do
26.3
25.8
25. 3
25.1
24.3
27.9
24.5
26.5
24.3
24 1
27.6
25 5
"Refined©
do
32.0
25.4
25 7
24 8
24 7
24 9
25 2
26 8
24 4
29 2
25 3
29 5
29 3
26 5
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
36.5
33.4
42.9
36.4
40.5
40.5
37.9
33.2
end of month _
__
mil.oflb__
42.6
32.8
32.7
38.7
37.7
T
l
Revised.
*> Preliminary.
Beginning September 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
cf Baas of 132.276 Ib.
^Revisions for January 1956-March 1959 and January-March 1960 for confectionery will be shown later: those for January-November 1958 for fats and oils appear in
Census report. " Fats and Oils, 1958'' (Series M28-1-08). 9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
A For data on lard see p. S-28.
^Consumption data exclude quantities used in refining.
©Consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils
held by producing firms. ©Production of refined oils covers once-refined oils (alkali refined).
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September
1960
July
1961
Novem- DecemAugust SeptemOctober
ber
ber
ber
Janu-
Febru-
ary
ary
March
April
May
June
July
August.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonseed:!
Consumption (crush ings) . thous. of short tons _
Stocks (at oil mills), end of month
do
Cottonseed cake and meal }
Production
- do
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crude!
mil. of lb_
Renned cf
- -- do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil of Ib
Price wholesale (refined* drum*?* N "Y" ) dol per Ib
142.7
104.8
139.8
205. 0
412.9
701.9
70.0
189.9
68.6
157.7
189.3
137.1
35? 2
167.9
345. 7
199.7
287. 5
197.8
309.8
227.2
51.3
46. 9
86. 9
48.8
55. 9
107. 6
133. 3
71.5
91.8
257. 5
160. 7
109. 0
249. 0
176.7
112.2
205. 8
159.4
113.7
286. 2
.151
200.0
. 153
216. 8
. 145
322. 6
. 118
389. 6
.156
31.9
30. 7
3.11
60. 5
70.0
2.98
63. 2
108.0
2. 88
21.7
34.7
43. 0
31.3
61.2
.132
Flaxseed:
21 9
Consumption (crushin^s)
thous of short tons
33. 0
Stocks (at oil miPs) end of month
_ do
3.01
Price, wholesale (No. 1; Minneapolis), dol. per bu__
Linseed oil:
15.8
Production crude (raw)
- _ _ m i l . of lb_
32.4
Consumption in end products^
do
Stocks, crude and refined (factory and warehouse),
74.6
end of month
- - - mil. o f l b - _
.129
Price wholesale (Minneapolis)
dol per Ib
Soybeans:!
941.3
Consumption (crushings)
thous of short tons
1,016.3
Stocks (at oil mills) end of month
do
Soybean cake and meal:*t
1,441. 6
Production
mil of Ib
251.0
^tocks (it oil mills) end of month
do
Soybean oil:
Production:
350. 0
Crudet
^°
238. 5
defined rf
do
245. 5
Consumption in end products!
do
Stocks, crude and refined (factory and warehouse),
450.5
end of month
mil. of Ib .
.131
Price wholesale (refined' N Y )
dol perlb
TOBACCO
Leaf:
Production (crop estimate)
mil o f l b
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
Exports, including scrap and stems.- - t h o u s . of lb_. 20, 560
11,325
Imports including scrap and stems
do
Manufactured products:
11,790
Production manufactured tobacco total
do
4, 994
Chewing plutr ond twist
do
4,881
Srnokinsr
--- do _1,914
Snuff
do -Consumption (withdrawals):
Ciearettes (small):
2, 592
Tax-free,
millions.^
35, 667
Tax-paid
do
Cigars (large), tax-paid
thousands-- 503, 935
Manufactured tobacco and snuff, tax-paid
11,906
thous of Ib
1.622
Fxports cigarettes
millions -
758. 3
742.1
666. 9
612.9
1, 642. 7 2, 406. 0 2, 404. 6 1. 964. 3
525. 7
480.4
1 , 509. 8 1,059.6
401.8
668.1
292 5
395. 0
175.9
r 240. 6
143.1
188. 5
247.4
239. 6
224.9
272. 0
189.3
270.5
138. 1
245 5
85.0
196 9
66. 6
142. 6
223. 8
172. 9
119.7
179. 0
149.0
118.6
163.5
166.9
128.6
137.7
138.2
107. 8
100. 8
118.6
108.6
60.4
80.0
102.5
48.1
55. 9
86.5
425. 8
.159
433. 5
.170
463. 4
. 180
447. 6
. 184
432. 6
.194
379.1
r
201
313. 1
184
249.8
P . 195
53. 6
99.7
2.76
36. 3
103.8
2.82
46. 5
100. 3
2.87
42. 9
99 0
3. 02
43.9
100. 1
3.07
50 8
81.9
3.09
58. 4
61. 3
3.14
48.8
45.5
3.37
36. 9
45.1
3.87
45.0
31.7
38. 6
25. 8
26.1
25.5
33.3
26. 4
30.8
27.3
31.4
32.6
36.4
35.2
41.7
35 3
34.8
38. 0
33.7
37.5
71.0
.126
80.6
. 124
92. 9
. 123
96.9
. 125
104.3
.126
106. 7
.130
105. 1
. 131
103. 2
.131
104. 3
.131
94.3
. 137
90. 6
P . 158
962.0
597. 0
80(5. 2
494. 7
1,069. 1
3. 009. 9
1,111.7 1, 143. 2
3. 807. 1 3. 470. 3
1,149.8
3, 298. 5
1 , 036. 6
3. 255. 7
1,043.9
2, 920. 3
988 9
2, 607. 4
1,028.9
2 023 9
955. 6
1,493.0
929. 1
987. 9
1,484.0
182.0
1, 239. 6
158. 6
1, 642. 0
185. 6
1,715 8
225. 0
1 , 767 4
204. 6
1,783.2
260. 0
1.593.0
327 2
1, 603. 4
356.8
1,517.8
432. 6
1,562 2
425. 0
1,469 4
390. 6
1. 433. 6
403. 2
358. 5
306. 7
303. 0
298. 4
264. 3
265. 4
391.3
271.8
275. 3
404. 5
279. 5
263. 5
414.2
295. 1
283.6
418. 7
326. 0
310.9
377.6
298. 5
280. 8
381.1
319.5
296. 1
362. 9
291.2
261.8
377. 0
313.3
289 5
352. 8
270. 2
266.5
345. 1
230. 3
237.8
311.8
.138
307. 5
.129
366. 3
.133
446. 0
.144
466. 4
.143
517.4
.153
537. 2
.164
624.7
.173
675. 8
.174
710. 0
.169
r 761. 9
766. 6
p . 151
1
37, 771
14, 646
4, 476
82, 922
IS, 335
81.103
14,341
15,796
5, 895
6,722
3. 179
15,113
5 399
6,874
2,840
2, 954
44, 622
623, 983
15, 887
1,449
r
.156
3.62
2
1, 943
24. 674
15,061
4,671
28, 740
13, 231
25, 110
14, 048
23, 647
15,484
4 968
27, 283
14, 649
14,456
5,417
6, 089
2, 949
13, 053
4, 972
5. 680
2,401
15,916
5. 593
7,290
3,034
14, 076
5, 080
6, 406
2, 590
15,707
5.827
6, 696
3,184
15, 853
6, 031
6. 588
3, 234
2. 997
33, 793
364, 660
3,083
38, 916
475, 244
2, 854
37, 447
441,395
3, 642
42, 3o4
522. 831
3, 173
3, 459
37, 151
44, 353
482. 262 '602.169
3, 685
44, 036
535, 531
12,372
1, 967
13. 991
1,733
12,626
1, 606
1 5, 554
1,921
13, 660
1, 886
84, 587
12, 340
4 784
44, 574
12, 597
22, 423
14,162
14,910
5,319
6,709
2,882
14, 642
5,681
6,107
2, 853
12,380
4.824
4, 800
2, 756
3,221
40, 899
581,540
3, 491
39, 836
577, 031
3, 206
40, 320
671 , 450
14, 501
1,706
14, 543
1,939
14, 504
1,989
1
1, 997
28, 087
12, 452
15 556
1,926
15 339
1, 862
1,913
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. of doL
Calf and kip skins
thous of skins
Cattle hides
thous. of hides
fm ports:
Value, total 9
thous. of dol .
Sheep and lamb skins
thous. of piecesGoat and kid skins
do
Prices, wholesale (f.o.b. shipping
point):
>/
C-tlfskins
packer
heavv
9^
15lb
dol.
per
lb.
TTide c steer heavv native over 53 Ib
do
6, 088
6,284
158
586
5,042
142
514
6, 962
248
646
8. 793
183
921
7, 106
253
692
7, 849
233
740
6, 496
279
605
9 288
300
837
6, 456
256
523
6 350
172
569
6.041
179
537
7, 537
193
699
5, 947
2, 160
4, 926
916
1, 551
4, 173
1, 573
1,306
4. 955
1, 665
1, 288
3. 856
1, 088
1,278
3. 936
980
1,126
4, 423
1, 775
1,246
3.407
804
849
7, 304
5,127
1,338
5, 860
3, 384
1,171
5,832
2,648
1,341
6,238
2, 756
1,736
6 682
3. 182
1 465
525
.138
.550
.138
. 550
. 133
. 575
.128
. 575
.118
. 575
.113
.625
.143
. 625
. 1 43
.650
148
134
557
1 , 41 3
.580
.143
. 525
. 148
r
.600
143
P . 625
P 169
LEATHER
Production:
5«j9
630
589
528
496
332
532
617
593
561
589
556
Calf and whole kip
thous. of skins.
1, 976
1,947
1 , 934
1,815
1,789
1. 870
1,911
1.900
1 , 820
1, 956
1, 49(5
1,974
Cattle hide and side kip®. thous. of hides and kips_.
1.410
1,371
1,338
1.175
1 292
1, 449
1 , 344
1, 264
1, 183
1,420
1,071
1,462
Goat and kid(?>
thous. of skins
2. 493
1. 850
2, 838
2. 567
2 818
2, 843
2, 473
2. 367
2. 354
2,442
3 008
Sheep a,~nd lamb (ft
do
Exports:
2, 806
3. 738
4, 277
3. 898
4, 903
2 7^5
6. 892
4. 403
5, 040
5. 15S
5, 504
6,017
Glove and garment leather
thous. of sq. ft_.
3, 798
4, 149
5 (ill
3i 900
3, 875
4,274
4. 168
1, 351
4. 292
4, ^258.
4, 24 i
4, 336
-r,
2 95''
Upper and lining leather
do
Prices, wholesale: r
. 683
. 688
.677
. 673
. 690
. 663
.700
.687
. 680
.673
. 697
.697
Sole, bends, lk ht, f.o.b. tannery- - d o l . per lb_.
Upper, chrome calf ,B and C grades, f.o.b. tannery
r
1. 387
1. 400
1.333
1.303
1. 373
1.303
1.313
1.313
1.353
1.417
1.443 f 1. 363
dol. per sq. ft__
1. 443
r
l
2
> o f 196)1 e
S( pt ember
"Revised.
v Preliminary.
Revised estimate of 1960 m p.
ered revi- ion's for J "inuary-.N arch 19110 will be s! own inter .
tfProduct ion o ' iv fined i ils covers
JRevisions for 195-8 appear in Census report, "Fats n ml Oils, 1 958" (Sor es A 128-1
only once-refined oils (alkali refined).
'*New series; data prior to August 1958 are available from reports of the compiling agency ( H n r e a i i of t h e Census).
9 Includes data for items not shown separately.
©Revisions for January-March 1959, and J a n u a r y - M a r c h I960 *also for l'.;5.8 for sheep and i a m b : \vill In shown lutei.
.™
SURVEY OF CURRENT BUSINESS
September 19G1
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-31
I960
July
1961
DecemAugust SeptemOctober November
ber
ber
Janu-
Febru-
ary
ary
March
May
April
June
July
August
LEATHER AND PRODUCTS—Com in ued
LEATHER MANUFACTURES
Shoes and slippers:^
Production total
thous. of pairs..
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By kinds:
Mien's
do
'Women's
IVTisses' and children's
Infants' and babies'
do
do
do
43, 600
58. 122
48, 868
47, 476
45, 652
43 023
50 659
50, 305
57, 561
47, 021
48 670
50 088
42, 157
37, 508
48, 518
40 001
37,812
36, 1 04
37, 956
46, 809
46,241
51 597
41 , 244
42 211
42 554
36, 778
6, 843
2 114
20, 999
5. 481
2, 131
9, 265
2 373
26, 328
7, 361
3, 191
8, 367
1 997
20, 622
6, 100
2. 91 5
8, 285
1 879
19,102
5. 585
2, 961
7, 809
i 659
18 959
5, 442
3, 025
7, 883
1 81?
19, 702
5, 582
2, 977
8
2
26
6
3
345
105
193
856
310
8 465
1 993
25, 730
6 762
3, 291
9
2
29
6
3
8
1
23
4
2
8
2
23
5
3
8
2
23
5
2
495
097
216
963
783
6 676
1 896
20, 778
5 139
2, 289
5,179
410
443
155
8, 406
577
621
245
8,510
601
3, 949
530
588
134
3, 115
439
296
129
3, 328
432
304
191
4 915
573
476
241
8, 301
588
569
910
4, 795
524
458
179
5 490
528
441
135
6 235
695
604
169
4,682
563
570
217
133 5
133 5
133 5
133 5
133 5
133 5
133 5
133 5
133 5
133 5
133 5
133 5
p 133 5
140.7
133. 7
146. 7
133 7
146. 7
133.7
146. 7
133 7
146. 7
133 7
146. 7
133 7
146 7
134 8
1 46. 7
134 8
146 7
134 4
146 7
134 4
146 7
134 4
146 7
134 4
p 146 7
p 134 4
2, 302
491
1 8^1
9 25K
2. 696
40-i
2 292
9 856
2, 567
330
2 93"
') 758
384
2, 374
3, 005
381
9 f/;4
3 065
2, 885
388
9 497
2 933
2, 509
381
2 128
2 598
407
404
2 661
2 5%
2 194
r 1 f;81
Slippers for housewear
do
\thletic
-do
Other footwear
do_ __
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and bovs' oxfords, dress, elk or side upper,
Goodvear welt
1947-49—100
Women's oxfords, elk side upper, Goodvear welt
1947-49=100..
Women's pumps low-medium Quality
do
800
120
677
542
458
709
849
140
776
784
887
080
020
218
006
302
395
139
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES^f
Xational Lumber Manufacturers Association:
Production, total
mil. bd. ft_.
Tlardwoods
do
Softwoods
do
Shipments total
do
TTard woods
do_ _ _
Softwoods
... _ do
Stocks (gross), mill, end of month, total!
ITardwoodst
Soft woods t
Exports, total sawmill products
Imports total sawmill products
do
do
do
2, 701
540
2,161
2, 617
473
2,144
r
3,209
531
2, 678
3, 069
495
2, 574
473
2, 424
r 7. 832
r
1, 574
r
6 258
'• 7. 938
r
I 01 1
r
6 327
63,912
_.M bd. ft_. 68, 899
__ do
367, 1 36 370, 988
74, 185
345, 196
SOFTWOODS1
Douglas fir:
Orders new
mil. bd ft
Orders, unfilled, end of month
_
do
Production
_ _ _. _ _. do.
Shipments
do
Stocks (gross), mill, end of month
do
T
r
7, 693
1 , 537
6 156
643
515
574
611
1, 117
732
486
772
760
1, 128
31 , 587
Exports, total sawmill products
M bd. ft.
18,724
Sawed timber
do
12, 863
Boards, planks, scantlings, etc
_..do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd. ft._ 80. 757
Flooring, C and better, F. G., 1" x 4", R. L.
dol. per M bd. ft_. 131. 186
Southern pine:
502
Orders, new _
mil. bd. f t _ _
203
Orders, unfilled, end of month
do
534
Production
do
507
Shipments
do
Stocks (gross), mill and concentration yards, end of
2,099
month
mil. bd. ft
Exports, total sawmill products
_ _ . _ M bd. f t _ _ 11,003
Sawed timber
do
3 643
24, 576
11,847
12, 729
Boards, planks, scantlings, etc do
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1947-49=100..
Flooring, B and better, F. G., I" x 4", S. L.
1947-49=100
Western pine:
Orders, new
mil. bd ft
Orders, unfilled, end of month
do_
Production
_
_
do
Shipments
_
do
Stocks (gross), mill, end of month.
, _ do
Pric.'1, wholesale, Ponderosa, boards, No. 3, 1" x 12",
R. L. (6' and over)§ .
... ...dol. per M bd. ft
2, 796
550
2, 246
2 695
496
2,199
3, 003
510
2, 493
2 897
659
440
706
705
1, 130
33, 460
13 709
19, 751
r
r
r
8. 038
1 665
6 373
2, 544
508
2 036
2 461
466
1.995
r
2, 247
' 439
1 815
2 337
2, 263
400
1 863
2 271
423
1.914
410
4°8
45?
1 . 861
1,830
2. 404
r
8, 122
I 70S
r (3 414
r
8, 030
T
I 715
T f; 3] 5
8 024
r i 705
r (} 319
8. 069
1 698
r f) 371
69, 354
257, 600
49, 888
256 238
576
412
553
600
548
422
604
538
r
69, 322
61 . 855
331,708
312,168
615
426
623
629
1, 124
618
436
598
608
1,114
29,135
25,912
12, 880
16, 255
11 778
14,134
1, 066
28, 408
16 4'?f>
11,983
r
1,134
24, 422
12 '>15
12, 207
r
r
r
r
r
404
« -..^
r 1 59fi
r ft 13f^
r i 573
»• 7 640
r i 554
r f, Of/)
r (] 1Q8
r (} ()8f)
7 559
1 531
6 098
53, 402
261, 562
62. 080
340 258
56, 483
335 434
86, 709
437 508
68. 397
396 660
60, 942
405 887
539
445
567
516
626
529
644
687
491
738
724
717
505
705
703
594
499
537
600
1,187
863
586
694
722
••1,159
21,403
8 305
1 3, 098
28, 554
11 286
17 268
r
7 912
1 650
r
(584
1, 127
r
21, 467
7 797
13 670
1,149
23, 503
13 060
10 443
80. 235
80. 057
79.046
78. 369
78.810
77. 678
76. 984
78. 231
81. 360
129.819
129.734
128.679
128. 246
127. 400
127. 400
1 26. 955
125.641
126 064
559
198
561
564
545
174
560
569
535
167
564
542
493
162
544
498
459
165
458
456
493
196
464
451
209
441
43^
680
°78
564
611
550
290
509
538
591
256
613
625
2,093
6, 426
1 273
5, 153
2, 1 1 5
7, 042
2 375
4, 667
2 161
6, 136
903
5, 233
2 163
5, 833
1 521
4,312
2 165
4, 725
2 121
2 105
5 065
9 ()93
4, 039
2 168
5, 081
1 186
3, S95
5,242
7, 360
2, 096
8,545
2,810
5, 735
783
4 459
833
4 'W
113.2
111.4
46'?
686
r
f
80. 012
!25 364
r
1,158
1,096
25, 646
12 591
13 055
20, 186
8 735
11 451
79. 424
p 79. 488
124 050 »124 050
548
297
579
522
213
512
536
095
556
700
856
2 071
5 070
6 9Of,
2
6
1
4
7 342
1 116
768
4 302
110.3
108. 9
107. 2
107. 1
105. 7
103 9
105 2
106 6
106 9
106 8
106 7
94.1
93.9
93.6
93.6
93.4
93.4
92. 7
92. 5
92.5
92 4
92 8
92 8
92 3
703
378
691
604
1 , 960
771
364
871
785
2,046
710
348
782
726
2 102
644
322
684
670
2, 1 1 6
546
80S
579
342
494
543
321
554
560
2. 119
607
332
542
583
5f,4
2, 000
793
372
732
706
2 OH)
717
455
689
751
1 914
355
780
807
2, 07S
835
489
644
668
1 976
75. 950
72.280
69. 560
68. 750
70. 160
70. 220
69. 720
09. 890
3 <*°5
12,550
2 9'-'5
10, 550
0
,">00
2 095
8, 850
0
950
10,950
0
900
°. 500
9 300
3 050
11.
0 1DO
3 400
11,450
3 7">0
12.' 520
o 80')
3 000
9, 275
3, 650
12. 050
3 3-"0
4, 100
8. 5:;5
f4,029
81.136
-1,2,1
S3, 9()2
ON, 543
61. ( »78
63. 922
(-4 OC'l
78 > ) ( )8
78 917
93. <*02
6° 7 10
56 8,"o
112,666
"\C\ •",",<>
66 5^3
70 303
Iln.2,s7
60 73S
6S 5'jS
100, 352
~'~5 6V)
6" 953
102. 26 i
70 ~S ! >
99. 332
69. 670
69. f>50
m2
3^8
843
879
r
1 87S
1 851
1 877
73. 370
73. 770
P72 132
3 595
3 900
11 950
H A R D W O O D FLOORING AND PLYWOOD
Flooring:
M a p l e , beech, and birch:
Orders, new
_
.__
_
Orders, unfilled, end of month
Production
Shipments _
Stocks (gross), mill, end of month.
M bd. ft
do
do
do
do_ _
O
}"")
2 550
2 "00
2 950
11,200
10,200
10,475
3 225
3 4(U
b. 300
3 000
3 050
X, 250
3 V>5
•> 700
8, 650
r*oo
2 ''75
9 275
Oak:
Orders, new
do
Production
do
Shipments.
do
Stocks (gross), m i l l , end of month
do
Plywood (except c o n t a i n e r and packaging), qtrly. total:
Shipments (market). _ M sq. ft., surface measure
96, 267
72.246
65. 8S2
76* 24 s
75 7°6
92. l!('7
74' 340
70 894
94, 590
oj tj.-v^
207 903
53, 50!
3 050
3 050
9 275
9 7(l()
"> iOO
12,850
3 1 1H|
3 1 ")')
q 3()0
'")' O 1 -I
f,q ()70
65 14S
W . I 72
6 l) ' 376
54 779
10K 770
53 475
11 !. 790
12
3
4
8
000
1 r'()
300
] 50
2 950
7 850
34, 304
6° 113
95, 807
19° 516
" Revised.
v Preliminary.
f Revisions will be shown later as follows. Shot s and slippns, production (].)5S-Apiil htfi.Jj, luiiibei— production, .shipments, and orders (1957-February
0 > : stocks (various periods prior to July 1960); exports and imports (1959).
: See note "f' regarding revisions.
§Xot comparable with data through 1958 which cover a different
citu-ution.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1961
1960
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys) :
Exports total* 9 J
thous. of short tons
Steel mill products* J
do
Scrap \
do
741
331
401
1,194
328
860
907
228
655
953
231
683
1,009
234
733
771
162
571
770
132
584
948
147
111
969
168
780
888
138
683
1,319
159
1,118
1,579
146
1,388
1, 156
168
931
242
177
18
253
184
15
299
207
15
268
180
12
239
199
11
231
189
17
179
145
19
177
152
14
249
211
20
274
235
22
321
266
17
351
277
18
359
300
11
Production and receipts, total
thous. of short tons..
ITome scrap produced
do
Purchased scrap received (net)
do
4,150
2,555
1,595
4, 650
2,852
1,798
4,536
2,736
1,800
4,896
2,829
2, 066
4,370
2,645
1,725
3, 959
2,408
1, 551
4,164
2.523
1,642
4,114
2,505
1, 608
4,999
2,914
2,086
5,071
2,936
2,135
5,782
3,381
2,401
"5,617
r
3, 365
" 2, 252
* 4, 957
"3, 015
p I, 942
Consumption, total
.
Stocks consumers' end of month
4,120
9,700
4,724
9, 629
4,646
9,514
4,901
9,513
4,413
9,472
4,187
9,252
4,546
8,876
4,397
8,591
4,983
8,613
5,226
8,465
5,974
8,293
r
" 5, 530
8, 385
* 4, 810
* 8, 528
10, 442
12, 723
3,742
11,034
11, 176
4,293
8,789
9,252
3,070
6,423
7,426
2,593
3,959
3,783
2.011
3,672
1,142
1,527
3,322
1,099
1,634
3,268
1,137
1,662
3, 618
1,408
1,226
3,648
1,617
1,227
" 6, 187
2,041
8,493
10,006
2,186
2,627
do
do
do
15, 705
7,014
788
13,894
6,729
1.162
11,049
6, 356
849
9,906
6,694
466
5, 867
6, 362
126
2, 660
5, 895
89
2,602
6,218
92
2,448
6, 060
51
2,897
6, 953
77
2,756
7,113
134
7,139
8, 313
372
11,302
8,545
763
12, 681
8,518
662
do
do
do
do
71, 383
10, 176
55, 776
5, 431
78, 936
10, 045
62, 942
5, 949
83,699
9,581
67, 634
6, 484
86, 241
8,579
70, 846
6,816
85, 849
8,755
70, 351
6,743
85, 237
11, 282
67,116
6,839
84, 730
14, 342
63, 500
6,888
83, 235
16, 470
59, 887
6,878
83, 114
18,674
55, 831
6,609
78, 567
20, 707
51,474
6,386
' 77, 673
" 21, 125
50, 252
6,296
78, 708
19, 574
53, 019
6,115
57, 292
5,956
103
100
109
85
89
94
81
93
78
36
142
64
92
4,480
4,405
4,470
4,616
4,108
4,274
4,473
4,500
4,138
4,116
3, 841
3,838
4,039
4,125
3, 937
4,053
4,514
4,634
4,680
4,839
5,646
5,864
5,687
" 5, 871
5, 597
P 5, 628
r
Imports totalf9t
Steel mill products* t
Scrap
do
do
do
Iron and Steel Scrap
do
do
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous of long tons
Shipments from mines
do
Imports J
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports!
Stocks total, end of month
At mines
At furnace vards
At U S docks
Manganese (manganese content), general imports t
thous. of long tons..
' 6, 604
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys)
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons_.
Prices:
Composite
dol per long ton
Basic (furnace)
do
Foundry, No 2 Northern
do
Castings, gray iron: O
Orders, unfilled, for sale, end of month
thous. of short tons..
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of month
thous. of short tons..
Shipments total
do
For sale
do
3,758
3.696
3,617
3,659
3,710
3,770
3,685
3,611
3, 559
3,404
3,190
3, 059
p 3, 063
65. 95
66. 00
66. 50
65. 95
66.00
66.50
65. 95
66. 00
66. 50
65. 95
66.00
66.50
65.95
66. 00
66.50
65. 95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
65.95
66.00
66.50
65.95
66.00
66.50
65.95
66.00
66.50
65.95
66.00
66.50
65.95
p 66. 00
p 66. 50
65.95
755
803
451
713
859
540
695
900
527
647
905
500
569
836
455
553
749
395
600
760
406
621
702
378
652
856
497
645
869
504
651
982
572
666
1,027
606
74
50
29
70
59
37
69
63
36
57
64
35
56
63
35
55
57
32
52
58
34
48
51
30
45
58
34
48
56
31
52
68
40
52
67
40
6,351
77.0
6,838
82.9
6,458
80.9
6,868
83.3
6,172
77.3
5,840
70.8
6,416
77.8
6,239
83.7
7,086
85.9
7,585
95.0
8,981
108.9
8,552
107.1
" 8, 092
98.1
P 8, 657
104.9
90
67
102
77
104
80
103
80
100
78
108
87
96
77
93
72
107
83
94
71
103
79
109
84
293.4
79.2
58.2
299.0
88.3
63.1
301.7
93.9
69.6
277.2
97.2
73.2
264.8
92.6
66.8
268.2
89.6
64.0
265.6
95. 1
69.5
263.4
89.1
64.4
262.0
96.3
70.4
264.4
95.6
70.0
262. 3
105.4
78.3
258.7
107.6
79.9
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
___thous. of short tons..
Index
___
1957-59=100..
Steel castings:
Shipments total
thous of short tons
For sale total
do
Steel forgings (for sale) :
Orders, unfilled, end of month..
.do
Shipments total
do
Drop and upset
do
Prices:
Composite, finished steel (carbon)
dol. per lb__
Steel billets, rerolling, carbon, f.o.b. mill
dol. per short ton..
Structural shapes (carbon), f.o.b. mill dol. per lb_.
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
dol per long ton
Pittsburgh district
do
282. 5
72.3
53.9
.0698
. 0698
.0698
. 0698
.0698
. 0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
95.00
.0617
95.00
.0617
95.00
.0617
95. 00
.0617
95.00
. 0617
95. 00
. 0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
p 95. 00
p . 0617
31.28
30.50
32.20
30.50
31.87
30.50
29. 52
28.50
28.33
27.00
28.66
27.00
'132.04
30.00
r 33. 38
32.00
" 36. 50
35. 00
" 38. 94
37.00
" 36. 63
35.00
1,681
1,762
1,619
1,892
1,607
1,847
1,378
1,715
1,295
1,711
1,234
1,604
1,438
1, 639
1,529
1,634
1,588
1,937
1, 623
1,797
1,450
1,959
1,553
1,968
455
277
399
603
411
536
555
392
484
419
274
358
319
189
272
346
196
298
289
171
237
292
171
239
374
217
312
371
218
304
416
244
349
••455
'265
384
.0698
' 38. 49p i 37. 78
37.00 p 36. 00
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders unfilled end of month
thousands
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use__ _thous. of short tons..
Food®
do
Shipments for sale
do
472
291
408
Steel products, net shipments:
4,711
Total (all grades)
thous. of short tons174
Semifinished products
_ __
do _.
321
Structural shapes (heavy), steel piling
do
354
Plates
. .
do _
91
Rails and accessories
do
5, 072
4,944
4,638
4, 516
4,983
4, 251
5,047
5,133
4,116
6,048
6,134
5, 121
195
166
179
184
171
171
176
180
217
183
221
158
384
321
308
377
320
348
324
437
397
367
440
378
388
395
478
378
378
405
370
373
458
488
489
451
46
83
64
58
58
83
84
76
51
50
94
63
T
l
Revised.
P Preliminary.
Effective January 1961, the composite reflects new weights; prices beginning January 1961 are not comparable with earlier prices.
t Revised (beginning in the February 1960 SURVEY) to include certain metal manufactures classified by the industry as steei mill products but formerly omitted from the total shown here;
see note marked "*".
9 Includes data not shown separately.
*New series (from Bureau of the Census). Data beginning January 1959 revised (in the April I960 SURVEY) to include exports of secondary tinplate. Revisions for 1958 for total and steel
mill products exports and imports are shown in the March I960 SURVEY (bottom p. S-32).
O Revisions for 1958-59 are available upon request.
t Scattered revisions for 1957-59 are available upon request.
§ Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, and
San Francisco.
® Excludes shipments of food cans of the pressure-packing type; such types are included in total shipments.
SURVEY OF CUEEENT BUSINESS
September 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-33
1960
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars and tool steel, total
._-thous. of short tons..
Bars* Hot rolled (incl light shapes)
do
Reinforcing
do
Cold finished _
. do
Pipe and tubing
do
Wire and wire products
do
Tin mill products
do
Sheets and strip (incl electrical), total
do _
Sheets: Hot rolled
.-- ..do
Cold rolled
do
Fabricated structural steel: 9
Orders new (net)
thous. of short tons
Shipments
- do _
Backlog, end of month
do
NONFERROUS METALS AND PRODUCTS
AlTiminum :
Production, primary, domestic thous. of short tons
FjStimated recovery from scrapA
do
Imports (general):
IVTetal and alloys crude t
do
Plates sheets etc t
do
Stocks, primary (at reduction plants), end of month
thous of short tons
Price, primary ingot, 99.5%+O
dol. per Ib
Aluminum shipments:
Mill products and pig and ingot (net)J
mil. of Ib
Mill products total
do
Plate and sheet
do
Castings^
do
Copper:
Production:
Mine recoverable copper
thous. of short tons
Refinery, primary
_ _
do
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
Imports (general):
Refined unrefined scrap©t
do
Refined
__. do
Exports:
Refined, scrap, brass and bronze ingots
do
Consumption refined (bv mills, etc )
do
Stocks, refined, end of month, total
do
Fabricators'
_
do
Price, bars, electrolytic (N.Y.)
dol. p e r l b _ _
Copper-base mill and foundry products, shipments
(quarterly) :
Brass mill products
mil of Ib
Copper wire mill products©
do
Brass and bronze foundry products
do
Lead :
Production:
Mine recoverable lead
thous of short tons
Secondary, estimated recoverable0t
do
Imports (general) ore® metal $
do
Consumption, total
do
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
- -- -thous. of short tons
Refiners' (primary), refined and antimonial©
thous of short tons
Consumers'd*
do
Scrap (lead-base, purchased), all consumers do
Price, pig, desilverized (N.Y.)-- - dol. per Ib
Tin:
Imports (for consumption):
Ore©J
long tons
Bars, pigs, etct
do
Estimated recovery from scrap total©
do
623
362
183
74
515
195
581
1, 856
440
977
772
453
223
91
559
243
555
1,964
506
994
768
465
208
88
543
244
425
2 075
585
1 026
806
487
229
84
483
224
363
2 039
581
1 004
730
464
176
85
432
204
308
1 845
500
906
621
392
148
75
407
182
288
1 695
450
866
669
436
141
86
489
197
577
1 790
485
872
627
402
141
77
425
190
466
1 599
454
743
758
471
189
91
544
251
528
1. 825
491
847
800
470
237
88
566
266
524
1 889
520
885
904
572
220
105
647
301
609
2,361
657
1,126
929
576
238
108
739
299
605
2 319
650
1 079
793
480
224
84
615
232
543
1,889
514
861
302
339
2,490
293
373
2,389
291
364
2, 326
246
353
2,291
269
325
2 278
249
277
2,333
308
262
257
260
296
292
2,392
309
319
2,378
392
365
2, 458
298
361
2,415
456
287
2,517
177.6
29 0
173.0
33 0
162.9
31 0
167 0
32 0
161 2
29 0
165 5
28 0
161 4
29 0
138 6
25 0
152. 0
28 0
144.6
30 0
157. 5
34 0
159. 1
34 0
164.7
12.9
2.0
14 4
2 6
10 5
2 7
16 1
3 2
14 4
2 7
11 3
3 4
10 8
33
8 6
3 5
15 5
4.7
12 4
3.3
16 8
4. 2
17 1
3.6
15.3
4. 1
203. 6
. 2810
211 7
i . 2600
225 9
.2600
248 4
.2600
957 1
. 2600
259 5
.2600
291 4
. 2600
287 4
. 2600
277.9
. 2600
266. 4
. 2600
252 9
. 2600
247 5
.2600
256. 9
. 2600
355. 5
253. 1
143. 0
45.7
422. 5
261 4
139.7
58.8
358. 8
253 2
134. 0
62.1
369. 8
246 4
128. 4
63.8
369
236
127
63
7
9
8
4
378. 5
226 4
121 6
63.6
341 6
241 3
131 9
60.8
349.3
232 5
124.6
57.1
396. 6
281.3
151. 3
62.5
361.2
268 6
143.2
60.3
425. 0
295 3
T
155. 7
r
63. 3
424.1
304 4
159. 2
64.4
86.3
124.7
88.3
36.4
23.4
90.9
135.6
97.3
38.3
23.0
97.5
139.4
101.0
38.4
24.6
100. 4
128.2
93.4
34.8
25 6
r gs
131
99
3?
20
i
9
6
3
5
r 96 8
97.3
127.4
89 3
38. 1
24 7
88 3
120.0
86 0
34.0
18 7
100.4
140.1
107.3
32.7
21.5
90.9
128.7
102.3
26.4
24.2
102 4
137.8
106 1
31.7
25 8
r 98. 9
133.3
101 6
31.7
21 3
138.1
107. 6
30.5
24.9
92.1
119. 3
88.9
30.4
18.4
34.7
6.8
55.2
9.0
36.3
7.7
48 3
6.6
26 7
7.1
32 3
6.2
61 9
6.0
33 1
4.8
28.2
5.1
36 6
4.4
26 7
5.2
39.3
4.7
50.4
4.7
64.5
45. 0
71.7
196.8
117.2
.3260
78.4
58 7
120.8
198.0
110.2
. 3260
60.5
42 9
125. 8
187.6
112. 8
.3260
54. 7
37 2
114 0
206.4
99.8
.3060
47 2
30 5
108 9
219 0
100 4
.2960
63.5
47 0
108.8
228.0
100.2
.2960
51.9
36 4
121 2
194 6
100. 9
. 2860
55.4
38 6
141 8
T
182.3
r
98. 9
.2998
49.4
31.4
147. 2
' 165. 6
^ 98. 3
.3060
46.8
29.3
p83. 4
p 197. 6
P 136. 3
.3060
66. 1
49 7
r 100 1
228 8
96 8
.2906
20.2
41.0
35.7
90.9
18.6
38.1
24.9
86.9
18.2
41.0
22.8
86.0
18
38
26
83
0
7
1
3
19.2
36.3
26.6
77.2
23 2
36.9
25 8
83.7
143.8
144.5
150.9
156. 0
146 9
145.1
134.1
125.8
42.8
.1200
136.5
128.4
44.0
.1200
136.7
118.1
45.6
.1200
139.5
110.5
43.6
.1200
151 9
107 7
4"? 2
.1200
158.2
94.4
43.7
.1138
1, 160
2,149
1,555
3, 7,80
2,020
275
6 995
4, 635
39
20, 370
1. 0285
929
2,872
1, 800
290
6 030
3, 760
58
22, 145
1. 0223
1,001
3,262
1 815
230
5 600
3,290
19
22,910
1.0328
512
2 523
1 860
265
5 475
3, 035
22
22, 790
1. 0282
1,226
3,108
r
r
30.7
r
1 725
225
4 915
2, 845
79
24, 79*
1.0114
77.4
60 7
r 122 4
213.1
92.9
.2860
r
T
r
r
T
21.9
36.5
35.5
77.6
137.9
129.5
125. 7
169 2
94.5
42.8
. 1100
183.0
91.8
41.6
.1100
187.0
94.8
41.0
.1100
802
2, 058
1 750
225
5 965
1,188
1,998
1, 750
220
5 505
3, 570
17
22, 610
1. 0098
319
2, 261
1 900
230
6 4QO
3, 990
305
20, 645
1. 0340
23, 935
1. 0038
P21Q
22 8
38.7
32.8
89.1
'22.9
38.1
23.1
85.7
20.8
115.0
112.4
' 110. 6
119.6
194.7
109.7
39.5
.1100
195 6
110.6
39.6
.1100
195.1
106.4
41.2
.1100
.1100
1, 373
1,785
1 815
220
6 410
4, 080
120
19, 630
1.0708
223
3,046
1 935
250
6 860
4,380
32
18,600
1. 1003
391
3,020
1 915
35.5
250
6 970
4,420
30
18. 000
1.1455
r
6 090
3^920
30
3 22, 470
1.1625
28.1
^28.0
r 36. 7
40.3
38.8
43.2
38.1
39.6
40. 1
36. 5
40.6
17.3
30. 4
7.9
35. 5
11.2
27.1
12 2
30.0
6.2
29.7
7.6
39. 4
Hi. 5
25.5
7. 6
33.3
10.6
41. 8
10.9
31.8
7 4
5.3
18.2
4.8
19.6
6.0
19. 9
5. 6
17.8
8. 5
17.3
8. 1
18.5
7.4
15.6
5.9
18.5
6 8
16.9
6 6
19.3
7 1
21 3
59. 5
4.4
68. 5
7.6
56.1
3.9
67.0
9. 1
58.7
4.3
67 8
4.8
56. 9
4.0
62. 7
7 8
69. 4
3.5
62 2
14 2
74.0
3.4
63. 8
9.2
66.3
3.9
60.6
6.1
73.6
4.4
64. 3
6. 4
69. 2
3 6
09. 6
3.5
t',9. 3
4.3
80. «')
2 6
SO 4
2 6
200. 6
68.3
. 130!)
192. 5
67. 5
. 1300
190. 3
6.5. 3
.1300
182. 1
09. 9
. 1300
190.8
66. 1
. 1248
206. 4
62. 4
2 . 1153
215.0
60. 0
. 1150
222 9
59. '
.1150
219 0
50. <S
. 11.50
218 I
60 0
. 11 "0
r
.1100
558
4, 904
35. 7
8.1
34. 5
. 3060
P 561
r
24.6
38.8
37.5
83.4
125
i . 2600
r P406
20.8
35.2
26.8
79.7
Si (iHO
r
r
448
361
195
16.6
33.5
33.4
76.8
1, 500
240
6, 520
4, 655
2
20, 650
1. 0349
62 0
44 8
100 2
'229 7
94.5
.2860
r
458
378
198
445
364
196
As metal
do
Consumption pi°" total
do
Primarv
- do
Exports, incl. reexports (metal) .
do
Stocks, pig (industrial), end of month
do
Price, pig, Straits (N.Y.), prompt
dol. per lb_
Zinc:
Mine production, recoverable zinc
thous. of short tons.- «"• 37. 3
Imports (general):
40. 7
Ores and concentrates©!
do
3.7
Metal (slab, blocks) t
._
do
Consumption (recoverable zinc content):
6.6
Ores®.
do
15.0
Scrap, all typos
_
do
Slab zinc:
Production (primary smelter), from domestic and
70.0
foreign ores
thous. of short, tons
3.7
Secondarv (redistilled) production total
do
55. 2
Consumption, fabricators', total _
do
2.4
Exports!
__
_
do
Stocks, end of month:
207. 1
Producers', smelter (AZI) _ _
_ _
do
72.3
Consumers' _
_
.-. _
_ do_ , 1300
Price, prime Western (St. Louis)
dol. p e r l b _ _
r
r
1. 1978
68. 0
4.8
'W 8
59 ^
206 6
188 1
. 1 1 50
.1150
. 1150
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 195i) edition of
BUSINESS STATISTICS
September
1960
July
1961
August SeptemOctober
ber
Novem- December
ber
January
February
March
April
May
June
July
AUGUST
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT. EXCEPT ELECTRIC
Radiators and convectors, cast iron:
Shipments
mil. of sq. ft. of radiation..
Stocks end of month
do
Oil burners:A
Shipments
thousands.Stocks end of month
do
Stoves and ranges, domestic cooking, incl. built-ms:Acf
Shipments total
thousands
Coal and wood
do
Oas (incl bungalow and combination)^ - do
ICerosene gasoline and fuel oil
do
Stoves domestic heating shipments totalAt
Oast
TCerosene ^asoline and fuel oil
^°
.--do
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalAt
thousands
Gas
do
Oil
do --Solid fuel
do
^Vater heaters °~as shipments
do
r
r
1.3
4.3
1.8
3.8
2.1
3 4
1.9
2.8
1.5
2 7
1.0
2 8
10
2 9
1.2
2 9
1.0
33
.9
9
4 6
1.1
4 3
34.9
66. 4
46.6
58.2
64.6
49.4
64.6
45. 1
40.3
41 6
29 2
44. 2
42.0
44 1
37.7
44.1
33. 8
48 9
38.1
51 5
38 1
53 7
44.1
55 4
3.3
105. 9
3.6
162.8
4.4
178.7
4.7
169. 3
4.2
144. 5
2. 5
117.9
9 2
114.8
2.6
124.8
3.5
150. 8
2.9
136. 0
2 7
161. 5
2.9
167. 2
253. 9
36.7
167. 8
49.5
r 247. 1
44 6
r
150. 8
51. 6
' 262. 5
45 1
r
172. 0
45.4
85. 7
10 1
47.4
28 2
68. 3
8 0
41.2
19.2
70.9
8 6
39.3
23.0
106. 3
11 9
74.2
20 2
87 8
15 9
45.7
26.2
130. 0
101.9
26.5
3.6
r
r
72 2
59. 2
13.0
1. 1
76 6
61. 6
14. 1
.9
78 8
63.1
14.4
1 3
80.7
63. 8
15.7
1.1
174.0
213.9
199 1
241. 2
208. 9
25. 0
143. 2
40.7
r
97.8
78.1
18.7
2.4
240.7
r
r
r
262. 1
145.3
109.4
33.7
4.4
212.5
r
r
172. 5
T
113.4
31.4
r
T
137. 6
104.2
31.5
4.0
179. 5
98 5
76. 8
20. 8
'> 3
161 3
r
r
97 0
20 4
53. 7
°2 8
149 1
22 5
95.3
31.4
81 1
65. 7
14.4
1 0
90 6
72 l
17.3
1
3
107 2
86 6
18.9
1 6
252 3
210 7
173 7
r
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
"Rlowers and fnn^ now orders©
mil of dol
T^nit-heater group new orders
do
Foundry equipment (new), new orders, net
month.lv average shipments 1947—49—100
Furnaces, industrial, new orders, net:
Electric processing
mil. of dol
Fuel-fired (except for hot rolling steel)
do
36.0
21.7
r
38.9
' 4 13.8
34 9
23.4
4
38 9
17 7
80. 0
92. 4
1 58. 1
81. 7
106 5
101.2
1 23. 7
81 8
99.1
115.2
101 5
130 8
1.5
1.2
1.1
4.4
1.2
1.7
1.2
3.5
.8
2.1
1.2
.4
.8
4.5
.9
1.9
1.0
2.6
.3
1.4
6.1
1.2
3.5
1. 4
1.3
Industrial trucks (electric), shipments:
TTand (motorized)
number
Rider-tvpe
^o
Industrial trucks and" tractors (gasoline-powered),
shipments
number
499
502
347
370
465
508
394
506
374
463
342
449
375
343
386
373
394
499
393
426
385
372
427
376
395
393
1, 523
1. 624
1,867
1,569
1, 655
1 628
1,318
1, 595
1,914
1, 892
1, 952
1,844
1,753
Machine tools (metal-cutting and metal-forming):
New orders (net) total
mil. ofdoLDomestic
^o
Shipments total
-- - do
"Domestic
do_ __
Estimated backlog (metal-cutting only)
months
42. 95
28. 35
51. 30
41. 40
3.9
56. 85
42. 50
47. 90
52. 30
31.85
53. 95
40. 25
4.3
56. 20
42. 65
51.35
49. 95
56. 10
37. 65
32.30
4.4
70. 05
51. 45
54. 85
38. 95
4.9
49.60
37.65
57.90
4.3
46. 40
33 25
45. 65
31.40
4.5
47. 65
36. 00
53. 70
35.40
59. 00
35. 60
61. 35
40. 95
4.3
f
61. 50
37. 80
* 64. 20
»• 42. 50
^4.8
v 55. 95
P 35. 25
P51. 10
P 33. 95
v 4. 9
37.70
4.1
Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), totalt9
mil of dol
48. 55
230. 6
59.7
15.6
Tractors wheel (contractors' off-hichwav) do
Tractor shovel loaders, integral units only (wheel
Farm machines and' equipment (selected
34.45
types),
s 234. 4
Tractors, wheel (excl. garden and contractors' offhighway types)
mil of dol
45.50
31.40
4.3
175 2
48.1
9.3
58 8
44 4
167.1
107.0
52.0
97. 3
220 9
57. 9
16.1
39.65
4.9
43. 95
4.8
r
123.6
1
22.2
125 2
1
1
43 2
i 35 2
1
20 8
1
22 4
54 1
r
224. 2
151.6
222 4
53. 5
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
thousandsRefrigerators and home freezers, output*__1957=100Vacuum cleaners (standard type), sales billed
th ou sands.. Washers, sales billed (domestic and export)O_.do
Radio ^ets production!
do
Television sets (incl. combination), prod.§
do
Electron tubes and semiconductors, factory sales
mil of dol
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49= mo. _
Steel conduit (rigid), shipments.
.thous. of ft.Motors and generators, quarterly:
New orders index
1 947-49 ~ 100
Polyphase induction motors, 1-200 hp:
New orders, cross
thous. of clol
Billings
do
Direct current motors and generators, 1-200 hp:
New orders, gross
thous. of dol__
Bill ings
do
2,131
2,550
2,708
2, 834
2, 634
2,822
2, 761
2, 321
1, 491
1.334
1,694
r 2, 037
2, 053
102. 9
96.8
123.4
64.8
144. 0
89.5
129.1
91.5
119.4
87.9
114.4
106.5
109. 4
99.2
128.1
124.3
148.2
116.2
128.4
123.5
131.6
121.1
145. 0
132.0
104.0
113.8
223. 0
217. 7
280. 6
296. 5
301.9
290.1
2X0. 6
275. 3
254. 6
223. 5
242. 5
228. 9
257. 9
350. 0
305. 6
265. 0
209. 7
240. 9
227.6
242.0
213.9
1 , 468. 8 2 1,521.7
2 405. 5
429. 8
1 . 090. 1
367. 9
1,115.0
444.4
21,384.1
2
497.5
1,124.9
405.8
1, 196.9
470. 4
21,6263
890. 4
208. 9
352.7
1 ,048. 4 21,945.1
2
462. 3
678. 9
305.8
1, 727. 6
500.0
247.9
87.6
91.0
85.0
79.9
77.2
72.0
73.4
92.5
78.0
75.8
80.9
101
24, 562
131
326,815
142
28, 410
124
28, 707
123
23, 620
130
18, 274
118
22, 597
118
3 21, 091
142
3 28, 487
125
30, 299
129
32. 264
139
44, 439
158
134
152
39, 958
40, 489
35, 070
35, 935
36, 913
35, 466
38, 550
7,034
7, 222
j
5. 966
5, 669
1 — " ""
6, 140
r
2 615. 1
72.9
6, 648
5, 95 >
228.4
304. 3
1 030 4
r
383. 4
32, 190
1
11 820
1
1,921
f\ 381 7
F 511.2
September 1961
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-35
1960
July
1961
em- DecemAugust SeptemOctober Xov
ber
ber
ber
January
February
March
April
June
May
July
August
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
_ - thous. of short tons .
Stocks in producers' storage yards, end of mo__do _..
Exports
do -_
Prices:
Retail, stove, composite
dol. per short ton,
Wholesale chestnut f o b car at mine
_ do _
Bituminous:
Production
thous. of short tons_.
Tndustrial consumption and retail deliveries, total 9
thous. of short tons Electric power utilities
- - do ._.
Railroads (class I)
do
Manufacturing and mining industries, total do _
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do. - -
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons
Electric power utilities
do
Railroads (class I)
do
Manufacturing and mining industries, total. . do
Retail dealers
. do
1,186
290
85
1,704
336
137
1, 580
339
149
1,678
319
154
1,692
327
176
1,794
199
110
1,803
110
134
1,756
64
89
1, 468
98
107
1.197
153
12
27.28
13. 608
27.33
] 3. 608
27.34
14. 098
27.55
14. 098
27. 64
14 098
27.88
1 4. 098
28. 34
14 420
28. 56
14.420
28. 56
14.420
28.56
14 420
2.5, 275
36, 449
34, 454
35, 257
33, 352
32, 846
32, 570
28, 970
29, 950
29, 220
26, 587
13, 373
99
11,878
5,720
28, 824
14. 698
107
12, 282
5,672
27, 453
13,658
112
11,590
5 169
30, 159
14, 304
192
12, 929
5 576
30, 537
14,654
175
12,905
5 035
34, 434
1 6,
673
r
225
>• 13, 625
4,917
34, 702
16, 903
30, 230
14, 730
30, 470
14, 773
28, 423
13, 500
r
13, 727
5 035
1 2, 403
4,792
13, 421
5 345
12,969
5,495
r
1,119
1,616
1,978
2, 609
2.729
3, 886
4,069
3,097
2,273
1,909
70, 235
47, 517
158
21, 823
10, 343
72, 662
49, 334
162
22, 380
10 742
74 458
50, 813
163
22, 679
10 918
76, 206
52.215
164
23, 006
11 083
76, 730
52, 435
180
23, 283
11 204
73, 244
49, 937
190
22, 451
11 029
69, 194
47,157
66, 463
45, 245
65,183
44, 627
65, 007
45, 017
21,477
10 484
20, 683
9 789
20, 158
9 551
19, 640
9 332
r
r
r
1 202
173
93
1,447
247
95
1,372
178
159
27.47
11 970
27.47
11 970
27. 64
12 460
34,250
-31,510
26, 535
28. 443
13. 574
28, 016
13, 722
28, 238
14 201
13, 587
6 206
13, 180
6 196
12 935
6 278
1,193
1,010
1,007
r
67, 893
46, 937
70, 698
48, 360
67 139
46, 951
r
20, 502
T g 852
21, 788
9 931
19, 597
8 496
T
737
786
803
821
832
666
560
535
398
350
454
550
591
3,308
3,888
3,448
3,763
2,882
2, 322
1,867
1,868
1,959
- 2 541
3,392
3 402
2 775
16.78
16.87
17.08
17.21
17.24
17.27
17.30
17.30
17.30
17.23
16.86
16.74
16. 81
5. 156
7. 463
5. 156
7.619
5.149
7. 769
5.149
7. 769
5. 149
7. 869
5.149
7. 900
5.149
7. 922
5.149
7.922
5.149
7.828
5. 037
7 275
' 5. 018
' 7. 209
5. 018
7. 256
p 5. 018
» 7. 368
53
3,987
1,132
78
3, 936
1, 250
62
3,604
1,166
57
3,891
1,153
61
3, 496
1,145
60
3,382
1,202
50
3,494
1,260
61
3, 296
1,121
70
3,654
1,237
67
3 797
1 248
78
4,249
1,218
'78
••4 210
73
4 319
'r 4, 050
2, 937
1,112
1,199
37
4,271
3,122
1, 150
1,202
32
4, 452
3 280
1,172
1,208
31
4, 629
3,437
1,192
1,194
16
4,707
3,494
1,212
1,174
35
4, 757
3,477
1,280
877
11
4.822
3,485
1,338
933
21
4,781
3,401
1,380
933
26
4, 697
3 285
1,412
1,025
41
4,726
3 256
1. 470
1, 102
23
4, 572
3,094
1,478
'1,112
41
' 4, 358
' 2 928
1,430
1,111
27
4, 354
2 884
1, 470
30. 35
30. 35
30.35
30. 35
30. 35
30. 35
30. 35
30.35
30.35
30. 35
30. 35
30. 35
30. 35
Crude petroleum:
1,813
2,108
1,734
1,875
Oil wells completed!
number
2.97
2.97
2.97
Price at wells (Oklahoma-Kansas) .— dol. per bbl
2.97
Runs to stills!
thous. of bbl__ 257, 522 255, 748 242, 999 245, 157
86
85
84
81
Refinery operating ratio
percent of capacitv
1,835
2.97
236, 789
81
2,426
2.97
248, 928
83
1,880
2.97
259, 349
87
1,512
2.97
236, 756
86
1, 950
2.97
250, 964
81
1 643
2.97
234, 577
78
2,050
2.97
248, 973
80
1,734
2.97
239, 579
80
» 2. 97
Exports!
do- .
Prices:
Retail, composite _ _ . . ._. dol. per short ton_
Wholesale:
Screenings, indust. use, f.o.b. car at mine--do
Domestic, large sizes f o b car at mine do _
T
1 535
37, 550
COKE
Production:
Beehive
thous. of short tons
Oven (byproduct)
do
Petroleum coke§
.
do
Stocks, end of month:
Oven-coke plants, total! _ _
_ do
At furnace plants!
do
At merchant plants
- do
Petroleum coke
-.
do
Exports
do
Price, oven foundry coke (merchant plants), f.o.b.
Birmingham, Ala
_
dol. per short ton _
45
PETROLEUM AND PRODUCTS
All oils, supply, demand, and stocks:cf
New supply, total!
thous of bbl
Production:
Crude petroleum!
do
Natural-gas liquids, benzol (blended), etc. ! do
Imports:
Crude petroleum
do
Refined products}:
do
Change in stocks, all oils (decrease,— )_
do_Demand, totalt
Exports:
Crude petroleum. _ _ _ _
Refined products!
Domestic demand, total 9 J
Gasoline!
_
Kerosene! A
Distillate fuel oil!
Residual fuel oil!
._ _
..Jet ftielJA
Lubricants!
Asphalt!
Liquefied gases!
Stocks, end of month, total
Crude petroleum
Natural -gas liquids . _
Refined products
291, 271
296, 027
290, 536
297, 866
300.155
309, 742
321,640
291, 399
323, 645
304 746
308, 676
287, 987
212, 645
27, 884
215, 145
28, 621
209, 119
28, 092
215, 687
29, 732
213,992
29, 519
221,653
31 , 509
223, 497
30, 974
204, 274
28, 240
231,596
30, 896
219 846
30, 053
221,553
29, 655
213,084
28, 723
31, 191
19, 551
14, 219
32, 768
19,493
8,543
32, 691
20, 634
14, 347
31, 458
20, 989
14,810
33, (588
29, 980
28, 677
26, 664
33, 481
27, 903
-4,678 -48,020 -25, 119
28, 768
30, 117
-7, 223
33, 276
27, 877
14, 783
?6 969
27 878
24,135
33, 566
23, 902
16, 066
27, 186
18,994
9,802
do
277, 052
287, 484
276, 189
283,050
304, 833
357, 762
346, 759
298, 622
308, 862
280 611
292, 610
278,175
do
- do
do
do
do
do
do
248
5,742
271, 062
135, 838
8,067
34, 919
36, 834
89
5 , 938
281, 457
138,371
8,433
37, 137
36, 240
234
5, 393
270, 562
128, 530
8.864
39 683
37, 343
352
5, 641
277, 063
126, 242
10, 475
45 160
40, 849
0
5,164
299, 669
124, 855
12,776
(51 556
48, 509
512
5. 326
351 , 924
1 24, 937
18 769
95 544
57, 051
135
5,014
341,610
114.455
18, 134
96 362
58, 886
295
4,299
294.028
105, 589
15,111
74 907
53, 078
339
5, 108
303, 415
1 26, 592
11 653
66 351
50,918
316
5, 279
275 01 6
119 188
9 020
53 273
46 085
229
5, 690
286, 691
137, 153
9, 179
44 269
39, 556
435
15,357
272, 393
138, 472
7 804
37 024
31 607
8,732
3, 791
13, 848
14, 899
8, 254
3,692
15,581
1 7, 946
8,723
3. 483
13. 727
15,275
8, 269
3, 479
11.099
17 992
8, 472
3, 474
6. 827
20. 840
8, 265
3, 265
3,981
25 540
7 980
3, 599
3, 077
25 713
7,113
2, 801
2, 294
20 639
8, 761
3, 536
4,639
17 518
8,138
2 998
5 618
17 508
10, 631
4, 049
10, 364
15 981
8, 536
3,574
13 826
16 355
793, 733
242, 745
32, 467
518, 521
802, 276
234, 091
33, 224
534, 961
816, 623
231,966
35, 639
549,018
831,433
232, UJ-'O
36. 122
562,321
826 755
239, 528
33, 993
553, 234
778, 735
239 800
28, 931
530,004
759, 439
•-'3') 769
23, 982
498, 688
752, 216
232 063
23,195
496, 958
766, 999
244 921
27, 548
494, 530
791 134
256 145
31 579
503, 410
807, 200
26] 440
35, 399
510, 361
817
002
9
61 056
38 188
517,758
132 884
1 160
127 564
1 107
126 561
1 130
123 873
130 787
745
131 7^1
1 044
115 785 127 630
' 519
542
118 577
1 134
127 341
552
193 170
1 060
77, 667 177,660
1 1 , 978 12 014
175,419
13,307
181,169
13 605
197, 874
13 993
208, 759
13 430
209. 462
14 198
208, 374
14 150
198, 906
14 493
183,743
13 897
.125
.125
. 1 25
.115
. 125
.211
.211
. 201
.202
.202
. 206
do_-_
do
do
do
_.
._
do
do
do
do
Refined petroleum products:
Gasoline (incl. aviation):
133, 485
Production!
do
1, 115
Exports!
do
.Stocks, end of month:
Finished gasoline.
do _. 182, 193
13,828
Unfinished gasoline
do
Prices (oxcl. aviation):
. 120
Wholesale, rofinorv (Okla., group 3). .dol. per gal..
Retail (regular grade, excl. taxes), service stations,
.218
5f> cities (1st of following mo.)
dol. per gaL.
177,795
12,527
. 125
. 125
. 125
. ] 25
.125
.218
.216
.213
.215
. 214
P
125
30. 35
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1961
196 0
July
August
19 61
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued d"
Aviation gasoline:
9,374
Production
thous. of bbl__
888
Exportst
do
12, 826
Stocks, end of month
do
Kerosene :§
11, 164
Production
do
30, 499
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
.102
dol. per gal__
Distillate fuel oil:
Production
_
.
thous. of bbl__ 56, 773
796
Importst
do
916
Exports!
do
131,044
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.092
dol per gal
Residual fuel oil:
Production
_ ._
thous. of bbl__ 26, 265
13, 955
Importst
do
875
Exports!
_
do
43, 848
Stocks end of month
do
1.80
Price, wholesale (Okla., No. 6 fuel) dol. per bbl_.
Jetfuel;§
7,528
Production
thous of bbl
6,892
Stocks end of month
do
Lubricants:
5,232
Production
do
1,478
Exports^
do
9,032
Stocks end of month
do
Price, wholesale, bright stock (midcontlnent, f.o.b.
.260
Tulsa)
dol per gal
Asphalt:
11, 776
Production
thous. of bbl
14, 259
Stocks end of month
do
Liquefied petroleum gases:
6,747
Production
- do __
8,701
Transfers from gasoline plants!
do
Stocks (at plants, terminals, underground, and at
28, 633
refineries) end of month
thous. of bbl
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. of squares__
Roll roofing and cap sheet
do
Shingles all types
do
Asphalt siding
_
Insulated siding
Asphalt board products
Saturated felts
do
do
thous of sq ft
short tons_.
10,017
977
12, 608
9,666
915
12, 105
9,453
914
12, 714
8,994
564
13, 585
9,606
506
13, 938
9,908
833
13, 058
8, 582
302
13, 047
9,512
385
12,800
9,390
961
11, 798
10,083
390
12, 260
9,479
926
11, 628
11,397
33, 379
10, 776
35, 408
11, 993
36, 977
12, 401
36, 722
13,376
31,445
13,857
27, 365
12,040
24, 471
12,679
25, 666
10, 555
27 348
9,921
28, 384
9, 466
30, 305
.102
.102
.105
.101
r.098
i .109
.117
.115
.110
.105
.105
58, 081
773
751
152, 158
54, 928
1,005
484
168, 235
56, 262
897
580
180, 071
54, 877
621
556
173,913
59, 209
1,097
641
138, 455
64, 433
2,096
708
108,097
63, 248
1,054
329
97, 298
55, 967
1, 355
M45
87, 950
49, 861
891
563
85, 003
52, 868
743
822
93, 636
52, 503
993
699
109, 513
P. 105
.092
.092
.095
.091
.088
i .099
.107
. 105
.100
.095
.095
P. 095
26, 125
14, 966
1,888
47, 177
1.80
25, 779
15, 523
1,357
50, 136
1.80
25, 755
15, 976
1,283
50, 003
1.80
27, 116
21, 885
1, 304
49, 525
1.80
30, 873
22, 780
1, 515
44, 870
1.80
29, 894
27, 866
1,176
42, 934
1.80
27, 758
25, 691
1,014
42, 635
1.80
27, 383
22, 757
1,322
40, 889
1.80
24, 990
22, 944
1, 253
41, 848
1.65
26, 551
16,647
1,630
44,137
1.60
23, 318
12,330
1, 125
47, 302
1.45
pl.45
7,796
7,343
6,961
6,431
6,898
6,034
7.291
6, 020
7,269
6,456
6,709
5,991
6,674
6,417
8,878
7,131
7 973
7,783
8,301
7,621
7 539
7, 876
4,689
1,088
8,942
4,944
1, 258
9,149
4,907
1,386
9,194
5,094
1, 353
9,463
5,061
1,389
9,874
4,716
1,045
12,376
4,723
1. 508
12, 791
5, 025
1 , 587
12,695
5, 065
1 374
13,388
5, 276
1,545
13,072
4,562
1 326
12, 735
r
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
12, 114
11, 284
11, 147
9,110
9,741
8,141
6,814
8,593
5,191
10, 142
4,979
15,200
4, 529
17. 647
5, 925
19, 189
7,691
21 638
9,395
21,269
10. 878
19 275
6,716
11, 601
6,229
9,345
5,997
12, 129
6,128
14, 953
6,732
18, 974
6,947
18, 977
6,413
14,481
6,864
11,186
6,617
11, 240
7,140
10,181
6,604
10, 067
29, 683
32, 036
32, 578
30, 558
25, 536
20, 744
20, 020
24, 299
28, 304
33, 421
36,918
6,077
2,079
3,998
6,817
2,567
4,251
6,829
2, 677
4,151
6,021
2,299
3.722
4, 592
1,688
2,903
4, 351
1.656
2, 695
2,000
775
1,224
1,665
655
1,010
3,834
1,446
2,388
4,709
1,667
3,042
6,517
2,139
4,378
78
112
1,739
91,925
84
142
1,690
99, 144
96
125
1.947
93, 986
101
117
1,828
86, 823
84
82
727
78, 706
74
51
695
94, 572
45
44
35
45
65
73
62
78
75
98
52, 990
35,189
60, 101
69, 043
89, 415
' 7, 266
'2,319
* 4, 947
r
P. 260
5,769
2.041
3.728
'76
108
71
104
107, 624
77. 084
.........
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of month.
Waste paper:
Consumption
Stocks end of month
thous. of cords (128 cu. ft)_.
do
do
3,282
3,124
5,185
3,791
3,545
5,449
3,624
3,311
5,795
3,738
3, 588
5,967
3,249
3, 358
5,891
3,032
2,966
5,948
3,449
3,400
6,471
3,400
3,222
6,212
3,516
3,599
6,169
3,170
3,510
5, 983
3,357
3,664
5,424
3, 465
3,560
' 5, 323
3,269
3, 205
5,380
thous. of short tons. _
do
651.2
543.8
783.1
541.7
759.4
537.7
770.1
544.0
718.9
547.9
751.8
561.3
711.7
519.2
677.2
514.8
762. 2
519.2
727.9
516.6
778.5
536.3
778 2
51 5. 6
682.0
533. 8
2, 228. 2 2, 073. 6
97. 5
90.9
1, 298. 2 1, 194. 3
226.7
229. 6
1,848.3
83.2
1,039.5
187.3
2, 107.6
98.9
1,218.5
222.1
1, 957. 0 2, 245. 0
106. 6
91.4
1,151.4 1, 310. 9
221.1
199.7
2, 177. 4
96.7
1 277 6
224.8
2, 298. 2 2 265 5
113. 7
99.5
1, 335. 5 1,325. 5
220.8
221.7
1,993 0
79.7
1,167.9
179.0
WOOD PULP
Production:
1,915.1
Total all grades
thous. of short tons
76.0
Dissolving and special alpha
do_ __
1,119.9
Sulfate
do _
191.4
Sulfite
do
2, 196. 1 2, 053. 7
102.7
81.5
1, 276. 7 1, 182. 8
208.1
206.5
Groundwood
do
Defibrated or exploded
._ do _
Soda semichem , screenings damaged, etc do
Stocks, end of month:
Total all mills
__
do _.
Pulp mills
do
Paper and board mills
do
Nonpaper mills
do
245.4
92.7
189.8
274.9
108.6
225.1
261.1
110.0
211.7
283.9
113. 5
208.4
265. 5
100.0
193. 3
261.0
89.8
187.4
267.7
96.1
204.3
242 7
75.1
196. 7
274 7
104.2
227.5
256 2
104.0
218.1
280 8
117.3
230.1
966 0
118 9
933 7
256 4
1 02. 5
207 6
898.9
300.4
522.3
76.2
927.3
312.1
543.3
71.9
910.7
301. 3
538. 2
71. 2
937. 6
322. 6
545. 9
69. 1
957.0
341.8
545. 8
69.5
896.8
294.2
533. 9
68. 7
882. 0
317.1
499.1
65.8
889. 0
319.3
507. 1
69. 6
914.0
324.6
523.6
65.9
898.4
338. 6
497.4
62.4
915. 1
349.3
504.7
61 1
932 4
356 4
515.°
60 8
935. 5
347 3
526. 3
61 9
Exports, all grades, totalf
Dissolving and special alpha.
All other
do
do
do
102.7
33. 9
68.8
99.5
32.0
67.4
107.1
36.3
70.8
90.2
30,7
59. 5
97.6
33.2
64.4
95.3
34.1
61.2
88.3
23. 5
64.8
109. 5
31.8
77.7
109. 2
43.3
65. 9
99.6
36. 0
63.6
107.0
43.4
63. 6
92.9
34.7
58.3
88.4
36.9
51.4
do
do_ __
do
177. 4
12.0
165.4
230. 1
15.4
214.7
198. 5
13. 9
184.7
198. 1
14.4
183. 7
228. 6
19.0
209. 6
175. 3
9.3
166. 0
185. 2
11.7
173. 5
195. 4
13.9
181. 5
207. 5
168.0
11.7
156.3
208. 6
17.6
191.0
223. 8
10.7
213. 1
190 0
11.8
178 2
Imports, all grades, totalf
Dissolving and special alpha
A 11 other
_ .
11.0
1 96. 0
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2 567
2. WO
2, 959
2. 820
2, 988
2. 793
3, 004
2, 521
2, (539
Paper and board, total
_ thous. of short tons. _
2, 794
3, 070 <• 3, 094
2.710
1 °9n
1 919
1, 28^
1 165
1 3.r)4
1 305
1 254
1,127
1,216
Paper
do
1,340
1 340
1 1 07
1 9=,^
1 368
1 174
1 305
1 'M"~>
1 278
1 123
1 214
1 360
Paperboard
do
1 386
1 4°7 r 1 r_l"3
;o
9
31
11
]2
11
10
10
Wet-machine board
do
19
10
13
291
256
253
222
204
230
290
250
Construction paper and board.
do
196
291
•<• 303
" Revised.
f Preliminary.
* Prices beginning 1961 not strictly comparable with earlier data. January 1961 prices comparable \vith December I960; Kerosene, .115; fuel oil, .105.
c?Sec similar note, p. S-35. *
{Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September); dis
tillate fr.?l oil exports (Jannary-M-iy
and September); residual fuel oil exports (May and June); lubricants exports (January-August).
§See last sentence of note "cf1" for p. S-35.
*J Re visions for 1958 and 1959 will be shown later.
T
'
10
]
395
September 1961
S-37
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
I960
1961
DecemOctober NovemAugust September
ber
ber
July
January
February
March
April
May
June
July
August
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperboard (American Paper and Pulp Association):
Orders new 9
thous of short tons
Orders unfilled, end of month 9
do
Production
_ do
Shipments 9
do
Stocks end of month 9
do
Fine paper:
Orders new
.
_
do
Orders unfilled end of month
do
Production
do
Shipments
do_ __
Stocks end of month
do
Printing paper:
Orders new
do
Orders' unfilled, end of month
do_ _
Production
do
Shipments
-- -- -- do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English
finish white f o b mill
dol per 100 Ib
Coarse paper:
Orders new
thous. of short tons. _
Orders unfilled, end of month
do
Production
do_
Shipments
do
Stocks end of month
do
Newsprint :
Canada (incl. Newfoundland):
Production
do
Shipments from mills
do
Stocks at mills end of month
do
United States:
Production
_
_ do
Shipments from mills
do
Stocks at mills end of month
do
859 8
708 7
975.7
806 2
624.3
893 8
655 1
1,112.7
934 1
629.8
865.5
647.6
1, 060. 3
882.7
627.1
966 3
659.0
1,160.1
950 8
644.0
856 8
624.6
1, 084. 5
879 1
660.9
122.0
79 4
127.1
125.9
149.4
144.0
82 2
148.0
149.3
156.2
129.5
71 2
140.6
137.8
152. 5
142.1
72 6
144.1
145. 8
155.6
142.5
75 2
145. 1
145.1
163. 1
392.4
418. 5
343 2
344.7
271 3
384.5
384.2
400.9
399.8
272.5
375. 5
387.6
378.3
381.0
269.7
426.9
395.6
407.9
407.7
269.9
375 0
368.3
389 2
389.4
269 8
1, 016. 1 ••961.8 rr 951. 8 11 887.0
643. 7
596. 0
665.0 ' 682. 1
1,175.8 ••1,147.0 '1. 156. 9 i 944. 0
976.4 f 934. 6
'r 949. 5 i 935. 0
i 594. 0
643.1 »• 669. 4
667. 6
8
9
1
9
5
903 1
641.2
1, 056. 2
867 0
656.9
133 7
70 0
133 5
135. 1
148 8
144 3
78 0
142 2
143.2
153 0
153.8
93 2
142.4
146.7
153 1
163.8
89 9
' 160. 4
160.4
145 2
r
r
r
r
r
348 5
332.9
374 4
375 0
269 1
412 3
366.7
386 0
380.6
274 5
397 3
370.3
371 8
369 0
277 3
442 1
394 3
417 0
413 9
280 4
r
r
r
r
r
818 6
585 8
1,012 4
844 0
647 4
933
617
1,118
898
644
157. 5
97 6
155. 7
'r 154. 6
154. 3
404 7
393.9
••381 9
rr 380. 8
281 2
16 95
16.95
16.95
16.95
16 95
16 95
16 95
16 95
16 95
292.7
161.7
284.6
282.2
119 4
310.4
143.8
329.1
325.9
120 2
307.0
148.7
308. 5
307.7
126 3
332.8
143.2
336. 0
334.7
125 7
281.0
134.3
301.8
287.6
139 2
281.0
136 1
278.2
278 0
138 6
319.6
129 8
322.0
312.8
143 0
295.4
132 7
299 6
294 5
149 5
345
138
335
339
144
0
4
5
1
3
'341 0
*• 143 4
r
339 3
r
337 7
r 147 7
555 9
561.5
202.4
570 2
551 8
220.8
570 6
589.9
201.4
591 4
588.2
204.6
604 2
644 8
163.9
533 9
558 1
139 8
545 4
509 2
176.0
511 9
468 8
219 1
571 7
528 1
262 7
157.2
155.9
33.6
179.9
171.5
42.0
161.6
167 9
35.7
184.5
183 3
36.9
174.3
177 0
34.2
158 8
167 4
25 5
184.3
166 5
43.3
163 2
167 7
38 8
Consumption by publisherscf
do
Stocks at and in transit to publishers, end of
month cf
thous of short tons
419.7
420.4
454.4
516.7
496 7
457 3
422.4
623.7
646.0
654.4
615.1
626 0
628 1
632.7
Imports
do
Price, rolls, contract, delivered to principal ports
dol per short ton
411.1
486.3
429.2
474.8
504 0
475 1
134. 40
134. 40
134. 40
134. 40
134 40
1,407.5
418.4
1,435.4
94
1,311.4
429.1
1,316.2
88
1,389.9
418.2
1,398.4
93
9,920
9,707
129.1
133.0
21,187
2976
936
768
168
Paper board (National Paper board Association):J
1,195.4
Orders, new
__ __
thous. of short tons
457.8
Orders, unfilled, end of month
do
1,171.4
Production, total
do
78
Percent of activity
_
Paper products:
Shipping containers, corrugated and solid fiber,
8,292
shipmentst
mil. sq. ft. surface area
Folding paper boxes, shipments, index of physical
105.6
volume
- 1947-49=100
r
157. 4
'90.5
158. 9
154. 8
147. 1
153.0
88.0
164.0
155. 0
160.0
395. 5
361. 4
403. 5
' 402. 6
r
282 5
401.0
360.0
451.0
451.0
282.0
r
P 16. 95
16 95
16 95
337. 1
143 0
338. 9
332 7
r 148 6
333.0
148 0
329.0
329 0
152 0
549 1
559 5
252 3
591 9
583 1
261 2
558 3
573 0
246 4
554.9
552.7
248.7
186 0
177 5
47 3
162 8
176 4
33 7
185 9
179 1
40 6
165 8
170 7
35 7
170.6
163.6
42.7
392 4
469 1
479 3
485 9
446 5
412.9
648 4
610 7
594 4
589 4
593 6
618.3
422.3
414 7
493 5
421 2
511 9
484 2
443 7
134 40
134 40
134 40
134 40
134 40
134 40
134 40
p 134 40
1,272.3
409.4
1,313.2
86
1,181.9
371. 7
1,211 9
73
1,212.4
380.3
1, 201. 0
87
1 241 8
399.3
1 218 9
1 453 7
440 7
1 435 8
1 304 4
'421 3
1 316 8
1 462 2
447.6
1 451 9
9,501
8,781
8,186
132.4
116.6
124.0
2 1, 705
2 1,2 385
320
1,181
1,418
1, 125
89
8,254
r
111. 9
91
16 95
r
r
T
T
91
91
1 409 1 1, 237. 3
471.7
426 7
1 425 2 1, 184. 0
1, 540. 8
521.3
1, 500. 5
9 927
8,570
11, 170
132 2
» 108 3
94
78
8 082
9 667
8 936
!09 4
r 131 1
r 117 i
r
31 871
76 412
26, 766
34 908
72 360
28 737
33 207
69 019
24 584
35 284
63 397
29 871
35 876
67 873
34 843
30 019
70 215
34 242
.294
.305
.305
.325
.300
.291
r
9 707
r
128 2
95
PRINTING
Book publication, total
New books
New editions _
__
number of editions. _
do
_
do_ _
1,385
992
393
2211
955
226
293
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber :
Consumption
long tons
35, 201
Stocks, end of month__
do
76, 389
Imports, including latex and guayule
do
28, 605
Price, wholesale, smoked sheets (New York)
.418
dol. per lb__
Synthetic rubber :
Production
long tons
116 584
Consumption _
_
do
79, 771
Stocks, end of month
do
235 693
Exports
do
28 780
Reclaimed rubber :
Production
_
Consumption _
Stocks, end of month
TIRES AND TUBES
Pneumatic casings:
Production§
[nner tubes:
Production
Shipments
__
Stocks, end of month
Exports (Bur. of Census)
r
Revised.
p Preliminary.
. _
36, 987
76, 116
26, 908
35 917
71 608
30, 412
31 854
77 275
39, 085
35 149
80 238
33, 751
.368
.350
.343
112 853
87, 721
242, 959
24 285
110 991
89. 194
238 591
23 166
21 484
19, 100
33. 624
23 552
21 , 286
33 979
22 263
21,929
33, 949
23 558
23, 077
33, 519
22 025
20 841
33 783
20 022
19 757
32 798
22 528
22 052
33 101
19 724
18 550
33 493
21 824
20 558
32 695
21 321
20 736
31 593
23 317
21 989
31 663
9,788
9,147
9,184
9,530
9 044
8 804
9 221
8 591
9 212
8 882
9 604
do
_ do
_do
do
10,113
2,735
7,228
150
8,941
1, 578
7,213
151
9,630
2,950
6,560
120
10,014
3,589
6,304
121
8,303
3 425
4,772
105
7,650
3 087
4,452
112
9 130
2 449
6,590
7 004
2 191
4,722
9 166
2 448
6,595
10 232
2 934
7^202
11 192
3 377
7,716
do
do
26, 108
26, 298
25, 893
25, 499
26, 290
27, 540
27, 682
79
29,338
83
29, 385
28, 033
26, 503
do
do
do
do
3 261
3,440
10, 627
3 208
5 076
9,394
3 140
3 277
9,246
3 359
3 588
9,014
thousands
Stocks, end of month§
Exports (Bur. of Census)...
36 718
82, 227
31, 828
121 635
88, 960
242 740
30 544
do
do
do
Shipments, total§
Original equipment
Replacement equipment
Export
37,213
82 385
39, 597
119
102
104
3 017
3. 308
10,254
107
110
3 024
2 894
10, 446
84
73
3 067
3,000
10, 589
137
.311
110
86
240
23
465
582
038
381
76
2 921
2 657
10,859
71
.289
104
80
242
23
659
424
791
497
88
2 913
2 817
11,034
110
.285
105
s 86
236
26
811
201
247
294
91
57
101
* 77
233
26
245 112 580
733 3 86* 008
036 235 627
385
27 983
92
75
123
66
82
108 453 3 112? 790 3 107 493 3 111 032
3 82 813 3 90 564 3 92*712 33 7s' 358
3
251 272 3 248 867 3 243 167 253 444
22 942
23 497
21 921
20 131
96
85
2 939
2 902
9,096
80
25 115
21 983
32 598
r
99
79
3 190
2 79^
9^487
77
9 919
8 881
11 709
3 123
8,473
9 598
2 023
7,490
24, 800
24, 098
2 Q'2Q
3 323
8 948
2 733
3 046
8 641
113
r
19 109
17 299
33 271
76
58
84
83
58
.300
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September
1960
July
1961
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished.. _
Clinker
thous. of bbL_
_
_ ..
___thous. of bbl_.
do
do
31, 982
88
32, 964
33, 270
92
36, 623
31, 181
89
33, 862
31,533
87
33, 239
26, 469
75
25, 232
20 5C5
56
15,116
16 744
46
14, 302
15 038
45
14,447
21 851
59
22, 148
26 463
74
24 752
31 102
84
31 313
31 594
88
34 040
36,611
27, 532
33, 244
23, 444
30, 505
20, 232
28, 841
17, 318
30, 095
16 838
35, 525
20 954
37, 939
25 952
38, 553
29 763
38, 237
32 250
39 948
32 380
39 789
30 999
37 353
28 960
624.8
44.4
179.8
666.8
44.7
198.6
610. 0
39.4
186. 3
595.9
40.7
167. 9
536.7
40.3
143.3
342. 4
32.5
108 1
341. 6
32.0
114 6
322.8
27.1
90 2
483.2
37.4
128 0
535.6
40.6
147 6
r
r
35.9
39.9
37.5
38.0
37.3
31.9
30.8
28 3
34.8
33.3
19.4
21.3
19.9
18.9
17.7
16.6
15.2
15.0
19.1
18.0
20.0
21.0
18 1
141.3
141.6
141.7
141.7
141.7
141.7
141.4
141.4
141.4
141.2
141.2
141.2
141 3
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, un glazed (common and face)
mil. of standard brick..
Structural tile, except facing ___thous. of short tons__
Sewer pipe and fittings vitrified
do Facing tile (hollow), glazed and unglazed
mil. brick equivalent. _
Floor and wall tile and accessories, glazed and unglazed
mil. of sq. ft...
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49=100..
625 3
40.7
165 9
r
39 1
640 4
'38.3
178 7
r
39 8
603 1
37 2
161 2
37 4
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total) d"
thous of dol
Sheet (window) glass, shipments
do
Plate and other flat ^lass shlpmentscf
do
Glass containers :t
Production
67, 055
26, 912
40, 143
r 59 90(5
22, 333
r
37, 573
75 964
31,076
44. 888
60 996
26,204
34 792
thous. of gross. _
14, 224
15, 710
12,938
13,983
11,451
11,156
12, 287
12, 520
15, 171
13, 538
14, 127
15, 243
Shipments, domestic, total
- do
General -use food:
Narrow -neck food
do - .
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit jars)
thous of gross
12,665
16, 166
14, 052
12, 876
11, 576
11,307
11, 472
11, 178
17, 472
10,951
13, 547
15,684
13 026
1,340
2, 243
2,747
1,461
1,043
998
1,126
1,112
2,161
1,128
1,186
1,402
1 316
3, 619
4.648
4,322
3,963
3, 466
3,219
3,444
3.247
4,809
2,687
3,423
4,051
3 886
do .-_ do _ .
do
_ -_ do do
- - do
1, 172
1,800
999
2,594
1,011
130
848
2, 299
1,273
3,406
1, 248
201
610
960
1,310
2,794
1,099
210
570
861
1,579
3, 156
1,139
147
724
1,012
1,367
2, 815
996
153
965
1,273
1, 128
2. 631
915
178
609
1,163
1,089
2,867
1, 026
148
596
1,086
1,200
2,801
995
141
1.068
2,338
1,422
4,039
1,434
201
950
1,586
1, 151
2,385
972
92
1,310
2,309
1,243
2,994
985
97
1,756
3,189
1,360
2,761
1,047
118
1 269
1,979
1 050
2 483
929
114
do_ _.
22, 134
21,570
19,970
20,932
20, 686
20, 250
20, 613
21, 830
19, 410
21, 777
22, 273
21, 657
23, 070
--
Beverage
Beer bottles
_
Liquor and wine
Medicinal and toilet
Chemical household and industrial
Dairy products
Stocks, end of month
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Production
Oalcined production quarterly total
L/ath
Wallboard
All other§
r
850
2,003
1 457
2 499
1,732
2,178
2,293
1, 957
tons
do
971
68
887
71
743
65
997
64
do
do
328
345
273
275
203
222
276
277
531. 3
1, 561. 6
66.0
408.0
1, 452. 5
51.3
360. 0
1,209 8
43.4
438 9
1 545 9
64 2
do
Gypsum products sold or used, quarterly total:
TJncalclned uses
thous of short
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl Keene's cement)
1,509
2, 358
1,492
2,706
do
mil of sq ft
do
do
T
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
thous. of dozen pairs__
Men's apparel, cuttingsrlA
Tailored garments:
Suits
- __.
thous. of units
Overcoats and topcoats.. _
... - do - Coats (separate), dress and sport
Trousers (separate), dress and sport
Shirts (woven fabrics) , dress and sport
Work clothing:
Dungarees and waistband overalls
Shirts
do
do
11,167
13, 862
13, 321
13,511
13, 874
11, 640
12, 360
13,016
14, 734
11,779
12, 727
14, 332
12,381
1,032
336
1,780
548
' 1,715
i 425
1,684
332
1,784
224
i 1, 650
i 170
1, 484
140
1, 460
172
i 1, 795
1225
1,580
344
1,620
504
i 1, 550
1545
936
456
576
6,812
944
8,520
1
775
i 8, 105
872
6,200
920
5, 780
i 840
i 5, 875
796
6, 296
708
6, 616
1950
i 7, 780
940
7, 312
1,040
8, 096
1965
i 8, 135
544
6, 368
1
thous. of doz.-
1,424
2,072
2, 095
1,980
1,972
i 1, 880
1,828
1,840
i 1, 970
1, 592
1,768
i 1, 975
1,432
do
do --
196
248
280
352
i 280
1
310
232
316
204
292
i 220
i 260
264
252
264
296
1280
1350
264
304
308
296
i 280
1285
236
236
2,127
15, 861
800
2, 693
21,600
870
2, 087
17, 824
521
2,276
19, 614
610
2, 150
20, 022
627
1,315
15, 783
700
1,700
18,413
1, 290
2,185
22, 124
1, 016
2,137
28, 968
1,068
696
26. 512
499
1,077
24, 792
397
1,986
21, 867
843
2, 081
17, 188
1,004.
-_
Women's, misses', juniors' outerwear, cuttingsrA
Coats
thous. of units
Dresses
do
Suits
_
. do _
985
1,383
1,277
1,239
1,669
1,401
1. 236
1, 565
1,310
1, 368
1,388
Waists, blouses, and shirts
thous. of doz.. r 1,200
1,161
4G6
681
844
794
576
889
996
907
753
760
855
Skirts
do
738
r
Revised.
i Data cover a 5-week period.
^Revisions fo r 1957-2(1 quarter \{ )59 will be shown la tor.
{Revisions for January-March 1960 for clay construction proclucts and for Janua ry 1959-F ebruary 1960 for gkiss contah lers will r e shown ater; tho? e for 1958 for glass container s appea
in the May 1960 SURVEY/
§Comprises sheathing, form board, and laminated board.
IData for September and December 1960 and Mardi and Jinle 19G1 co^^er 5-week" periods; other moiiths, 4 we eks.
ARevisions for January 1957-November 1959 are available uixm reque St.
SUEVEY OF CUEEENT BUSINESS
September 1061
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-39
I960
July
19G1
DecemOctober NovemAugust September
ber
ber
''a™'
F
2yU-
March
April
May
Tune
July
August
TEXTILE PRODUCTS— Continued
COTTON
Cotton (exclusive of linters) :
Production:
r
819
Ginnings§
thous. of running bales..
140
Crop estimate, equivalent 500-lb. bales
thous. of bales. .
Con sumption ft
_ do
685
562
Stocks in the United States, end of month,
' 7, 560 20, 979
totall*
do
7, 524
Domestic cotton, total
do .
20, 875
215
On farms and in transit
do
13, 880
5,919
5, 860
Public storage and compresses
do...
1 , 390
Consuming establishments
do
1,135
104
37
Foreign cotton, total
do
Exports}
- do_.
Imports}
do
Prices (farm) American upland
_ cents per Ib
Prices, wholesale, middling 1", average 14 markets
cents per lb_.
Cotton linters:
Consumption^}
- thous. of bales
Production}
_
do _
Stocks end of month J
do
r
3, 677
8.420
r
12, 576
rl
13 327
r2
14 052
3
14, 265
3
647
228
801
667
644
* 726
637
637
14 272
4 795
20,012
19,912
11,249
7,689
974
100
18 911
18,818
7 847
9, 957
1 014
93
17 552
17, 463
4 108
12,112
1 243
89
15 848
15 768
2 326
11,967
1 475
80
14 238
14 165
1 401
11 107
1 657
73
12 760
12 695
1 065
9 823
1 807
65
11 022
10 965
776
8 244
1 945
57
9 801
9 749
456
7 258
2 034
52
845
4
675
1
31.4
113
90
32 4
193
22
32.2
439
1
31 5
(5)
30 1
28 7
32.0
30.8
30.5
30.2
30.2
30.2
79
41
465
88
44
405
112
129
386
101
226
449
93
221
530
19, 222
17, 521
19, 266
17, 561
19, 259
17, 652
19, 241
17 618
19, 151
17, 507
4
721
982
979
4
824
540
6 354
2 041
50
7 801
7 757
380
5,436
1 941
44
7 164
7 123
490
4 749
1 884
40
668
r 8 796
r
8 746
r 351
686
? 14 262
27 6
26 9
842
3
28 4
584
3
29 4
387
6
29 6
250
9
30 9
31 4
32 6
30.1
30.4
31.1
31.4
31.8
32.2
32.6
33.1
108
186
591
90
198
652
95
153
670
113
138
681
104
114
662
104
84
594
19, 085
17,471
19, 022
17 450
19, 063
17 451
19,058
17 430
19, 008
17 360
19, 000
17 346
10, 253
410
9, 426
8 760
438
8,051
8 940
447
8 190
11 ,196
448
10 253
9 096
455
8 330
I
4
0)
(5)
4
r4
133
50
r
517
306
\
77
39
471
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :!}
\ctive spindles, last working day, total
Consuming 100 percent cotton
thous_
do
Spindle hours operated, all fibers, total
millions
Average per working day
do_.
Consuming 100 percent cotton
do
Cotton yarn, natural stock, on cones or tubes:
Prices', wholesale, f.o.b. mill:
20/2 carded, weaving
dol. per Ib
36/2 combed knitting
,
do
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
production quarterly!
mil. of linear yd
Exports}
- - thous. of sq yd
Prices, wholesale:
Mill marginsf
cents perlb..
Denim white back, 10 oz./sq. yd.
cents per yd
Print cloth, 39-inch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
do
7,861
' 393
7,153
9,418 * 11,244
471
450
8,605 4 10, 328
9, 204
460
8,464
8,923
446
8,178
4
4
4
4
18, 966
17 297
18 992
17 279
9 312 4 11 259
450
466
8 514 4 10 263
7 530
376
6 798
.641
914
.641
916
P 641
P 923
.661
.941
.651
.936
.651
.936
.646
926
.646
.926
.642
.924
.642
916
629
909
.634
911
.641
911
41,045
38, 348
24, 085
37, 632
2,193
28, 857
38, 823
36, 179
26 610
?4, 502
25, 896
2,236
40, 810
35 294
42, 327
26 326
41, 651
20 618
2 245
43, 913
20 868
38, 473
16 477
34 435
20 764
39, 971
14 338
26 837
16 934
* 30. 12
38.3
18.0
17.5
' 30. 34 r 29. 65
38.3
38.3
17. 5
16.5
17.4
17.0
r 24. 00
r 23. 68
38 3
15.0
15.9
r 23. 51
38 3
15.0
15.9
r 23. 43
p 38 3
P 15 o
P 15. 9
470 2
154. 6
92 5
189 6
6
52 7
6 32 o
' 28. 59 r 27. 99
38.3
38.3
15. 8
15.3
16. 6
16.5
' 26. 61 r 26. 05
38.3
38.3
15.1
15.0
16. 5
16.5
' 25. 37 r 24. 32
38 3
38 3
15 0
15.0
16.3
16.0
38 3
15.0
15.9
T
MANMADE FIBERS AND MANUFACTURES
Fiber production, quarterly total 9 t
- - mil
Filament yarn (rayon and acetate)
__
Staple incl tow (rayon)
Noncellulosic (nylon, acrylic, protein, etc.)
Exports' Yarns and monofilaments
Staple, tow, and tops
Imports* Yarns and monofilaments \
Staple tow and tops}
Stocks, producers', end of month:
Filament varn (ravon and acetate)
Staple incl tow (ravon)
Prices, rayon (viscose) :
Yarn, filament, 150 denier
Staple, 1.5 denier
r
419. 8
146. 1
77. 9
157.9
441 8
148.2
90 0
T
170. 2
8, 513
4, 391
314
3, 532
9,091
3, 042
477
4,161
6,412
3, 591
314
3, 583
6, 994
3,710
345
4, 171
6, 539
3, 557
290
3,335
6, 243
3 766
236
4 326
8,178
3 029
276
3 323
5, 901
3 029
444
3 076
6, 461
4 036
490
2 87?
8 046
3 370
527
2 277
6,444
3 261
504
1 870
4,421
5 216
519
2 629
7 059
4 216
599
2 045
mil. o f l b _ .
do
62.8
65.2
65.3
61.0
68.3
59.1
68. 3
55 1
68.0
51.1
65. 2
53. 9
63.6
57.4
59.8
58 4
57.8
61 3
58.4
61 3
59.9
57 0
60.8
56 3
63.7
58 6
dol. per lb_.
do
.82
.28
.82
.28
.82
.28
.82
.28
.82
.28
.82
.28
.82
.28
.82
.28
,82
.27
.82
.27
.82
.26
.82
.26
P 82
P. 26
_.thous. oflb.
do
do
do
__
447. 6
157.4
76. 5
168. 7
oflb
do .
do
do
IV fan made-fiber broadwoven fabrics:
Production, quarterly total 9 }_ .thous. of linear yd
Ravon and acetate (excl. tire fabric)
do
Nvlon and chiefly nylon mixturesdo .
563, 969
334, 925
81 , 0%
585. 723
340, 941
75, 565
577, 928
344 Q48
65, 972
thous. of sq. y d _ _
11,151
11,301
11,409
14. (582
13, 628
12, 464
10, 907
11, 331
13, 410
11, 334
11,188
10, 046
9 532
Imports, raw}
thous. of l b _ _
Price, raw, A A, 20-22 denier
_.
dol perlb
Production, fabric, qtrly. total}
thous. of linear yd..
594
4.59
938
4.79
661
4.92
6,739
544
4 86
544
4 75
423
4 78
6,679
509
5 14
342
5 03
522
5 12
5,781
449
5 09
566
5 20
540
5 18
419
P 5 22
20, 444 * 22, 649
14, 504 4 15, 337
17, 629
12, 225
15, 876
11,736
17 398
13, 986
16 865
12 090
Exports, piece goods
SILK
WOOL
Wool consumption, mill (clean basis) :^}
Apparel class
_
thous o f l b
Carpet class
._ _
do
18, 533
9, 024
4
4
92 799 4 97 206
19 9306
10 641 r 4 12 9° 5
9 94
90 490
29 yog
94 RdS
18 975
90 851
24 430
"""."'.
7, 305
12, 078
11^904
10.' 134
10,' 238
12, 223
* Data cover a 5-week period. '* Less than 500 bales
« Data
17 910 4 22 598
11 457 4 i] 954
20 144
10 198
18 954
19, 205
17 921
17 632
15 1«2
14 953 °1 547
7,800
7. 597
6,' 715
6, 225
7,239
7,' 606
9,' 516
r
Revised.
v Preliminary.
1 Ginnings to December 13.
2 Ginnings to January 15. 3 Total gainings of 1960 crop.
are for month shown.
' September 1 estimate of 1961 crop.
§Totalginnings to end of month indicated, except as noted.
ilData for September and December 1960 and March and June 1961 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of
period covered.
fRevised series. Changes have been made in the cotton cloth price component, in the average staple length of cotton assumed to be use f l, and in the waste factor; revised mill margins for August 1957-Juno 1960 are available upon request.
9 Includes data not shown separately.
{Scattered revisions for 1957-60 are available upon request.
Wool imports clean content}
Apparel class, clean content}
do
do
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
September 1961
1960
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
1.125
.975
1.075
1.150
.992
1 100
1.210
1 020
1 125
93.5
94.7
99.7
May
April
June
July
August
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
dol. per lb__
Graded fleece 3/8 blood
do
Australian 64s 70s good topmaking in bond do_ _
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
- 1947-49= 100. _
Woolen and worsted woven goods, except woven felts:
Production, quarterly total}
_thous. of lin. yd_Apparel fabrics, total
do
Other than Government orders, total
do
Mien's and boys'
do
Prices, wholesale, suitine, f.o.b. mill:
Flannel men's and boy's
_.1947-49=100_Gabardine women's and children's
- do_ -
1.125
1.070
1.225
1.125
1. 065
1. 175
102.2
101.0
1.125
1.065
1.175
1.125
1.036
1 075
1.125
1.025
1 075
98.5
98.5
97.2
68, 507
66, 974
66, 579
24, 838
41,741
106.3
92.4
106.3
92.4
106.3
92.4
1. 125
1. 025
1.075
1.125
1.025
1.075
1.125
.988
1 075
97.2
96.0
94.7
r 62, 888
'61,758
r
60, 410
'24 589
r35 821
60, 058
58, 555
57, 04b
22, 298
34 748
106. 3
92.4
106. 3
92 4
106.3
90.8
104.0
90.8
1.200
1.022
1 125
1.201
1.010
1 125
99.7
99.7
1.228
1 052
1 125
77, 282
76, 035
75, 537
30 004
45 533
104.0
90.8
104.0
90.8
104. 0
90.8
103.1
90.8
103.1
90.8
103. 1
90.8
97, 536
2, 159.9
61, 572
67, 576
1,506. 1
9 839
497, 994 ^266,100
344
p i 226
321
407, 339 pllQ5,7QQ
400, 022
90,311 pi 70, 100
72, 842
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders new (net) quarterly total
mil. of dol
Sales (net) quarterly total
do
Backlog of orders total end of quarter
do
Civilian aircraft:
Shipments
A irframe weight
Fxports (commercial and civilian) }
-
3, 065
2,593
12, 463
5,691
2. 874
2.841
12. 496
5 406
r
T
120,004
thous. of dol
thous. of lb__ 2, 496. 2
72, 573
thous of dol
97, 584
2, 032. 9
46, 641
108, 460
2, 233. 6
59, 244
81, 102
1, 912. 5
30, 589
88, 117
2, 027. 9
37, 580
82, 316
2, 099. 7
36, 253
82, 096
1, 995. 5
20, 195
81, 799
1,914.9
28, 282
83, 356
1,988.0
32, 590
100, 228
2, 197. 5
38, 634
114 696
2,451.3
28 516
number-- 501, 223
424
414
do_ _
do. _ 421,355
414,
787
do
79, 444
do
64,
053
do
390, 326
358
347
324, 020
320, 681
65, 948
53, 331
463, 943
211
148
386, 694
378,415
77, 038
66, 006
703, 159
447
396
627, 678
610, 828
75, 034
60, 589
687, 790
338
307
600. 495
580, 677
86, 957
73, 923
613, 905
251
231
520, 714
507, 757
92, 940
79, 802
485, 933
278
278
406,616
395, 075
79, 039
67, 407
448, 212
198
196
363, 193
351, 137
84, 821
67, 703
526, 056
255
254
425, 892
410, 516
99, 909
79, 573
547, 708
425
425
453, 425
442, 740
93, 858
77, 620
641, 639
375
372
539, 858
529, 397
101,406
85, 220
681, 784
397
380
567, 563
557, 055
113, 824
86, 681
do.
do
do
do. _
do
26. 081
6, 460
19,621
34, 265
30, 988
31, 485
4,386
27, 099
22, 347
20, 885
14,411
5, 105
9,306
24, 717
22, 916
26, 643
14. 182
12, 461
26, 688
24, 81 1
26, 461
15, 965
10, 496
21,215
19, 985
30, 897
12, 343
18, 554
29, 065
27, 443
19, 927
10,315
9,612
26, 021
24, 293
20, 424
10, 496
9,928
23, 482
22, 099
27,314
13, 464
13, 850
24, 268
23,173
23, 176
9, 589
13, 587
22, 425
21, 684
23, 854
9 443
14,411
26, 297
25, 336
24, 247
7,980
16, 267
23, 892
23, 472
28, 617
8 295
20,322
20, 985
20 313
do_ _ _
do
do
3,925
2,368
493
4,134
2,513
670
3,615
2,195
367
3,771
2,164
2 184
3,656
2,218
299
3,133
1,879
389
3,045
1,738
r
531
3,098
1.817
r 768
4,175
2,460
T
603
3,838
2,102
r
582
4,210
2,304
T
533
4,679
2,753
526
3,757
2 259
515
546. 535
79. 674
525, 400
81, 440
458, 765
76, 072
547, 461
74, 158
543, 042
67, 477
544, 278
73, 250
413,563
62, 307
374, 877
59, 322
480, 067
72, 487
3
499,504
3
546,173
85, 730
573, 422
81, 469
4, 149
2,737
2,650
1,412
1,331
672
672
659
26, 798
12. 440
12, 300
14, 358
4,315
2,506
2,450
1,809
1,334
709
708
625
23, 951
10, 773
10, 688
13, 178
4, 355
2,984
2,929
1,371
2,156
2, 150
2,150
6
21, 692
9,874
9,844
11,818
4, 657
3, 185
3,160
1,472
5,664
906
906
4,758
22, 905
7,616
7,611
15, 289
3, 944
2,210
2, 205
1,734
3,732
2, 692
2,692
1,040
22, 781
8,178
8,178
14, 603
4, 291
2, 661
2, 642
1, 630
2,174
1,484
1, 465
690
21, 070
6, 857
6,857
14, 213
3,515
2,261
2,261
1,254
'1,179
427
427
18, 894
5,023
5,023
13, 871
1,958
757
757
1,201
1,536
438
438
1,098
18, 429
4, 669
4, 669
13, 760
3,874
2, 180
2,180
1,694
1,802
1,795
1,789
7
15, 807
4,284
4,278
11, 523
2,933
1,156
1,156
1,777
2,040
824
824
1,216
13, 664
3,902
3,896
9,762
3, 360
1,588
1,588
1,772
3 651
2, 0?-0
2, 030
1,621
13, 970
4,344
4, 338
9, 626
3,142
2 085
2,085
1,057
1 217
1,082
1,079
135
11,830
3,341
3,332
8,489
1 234
764
759
470
2 589
2 431
2 294
158
10 785
5,008
4,867
5 777
7
7
315
315
27
27
288
288
32
32
256
256
33
33
223
223
21
21
202
202
26
26
176
176
14
14
162
162
31
31
131
131
44
44
112
112
31
31
81
81
18
18
116
116
8
8
294
253
13
13
281
240
1,672
8.6
1,672
8.8
1,668
8.9
1,666
8.9
1,664
9.2
1,662
9.4
1,659
9.7
1,654
9.9
1,650
9.6
1,646
9.7
1,642
9.9
1,638
9.3
1,628
9 3
56
61
106
64
38
53
35
MOTOR VEHICLES
Factory sales total
Domestic
Passenger cars, total
Domestic
Trucks total
Domestic
-
Exports total}
_ _>
Passenger cars (new and used)
Trucks and buses
Imports (cars trucks, buses), totaled}
Passenger cars (new and used)c^
Production, truck trailers:A
Complete trailers total
Vans
Chassi^ van bodies for sale separately
Registrations:©
New passenger cars
- -New commercial cars}
do.
do
74.519
3
3
3
501,
3
046
83 820
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
number
Equipment manufacturers, total
do
Domestic
-do
Railroad and private-line shops, domestic.- do. _ _
New orders total}
do
Equipment manufacturers, total
do
Domestic
do
Railroad and private-line shops, domestic do
Unfilled orders, end of month, total
do
Equipment manufacturers, total
do
Domestic
.
do
Railroad and private-line shops domestic do
Passenger cars (equipment manufacturers) :
Shipments total
do
Domestic
do
Unfilled orders, end of month, total
do
Domestic
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month
thous..
Held for repairs percent of total owned
Locomotives (class I):
Diesel-electric and electric:
Owned or leased end of mo No of power units
Installed in service (new) quarterly total do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types)}
number. _
28, 972
27. 383
89
119
38
23
23
r 752
28 911
27, 095
32
122
55
72
66
r
l
2
3
Revised.
p Preliminary.
Preliminary estimate of production.
Excludes data for van bodies.
Includes estimate for one State,
cf Data cover complete units, chassis, and bodies.
ARevisions for 1957 (except for detachable van bodies) are available upon request.
©Courtesy of R. L. Polk cv Co.; republication prohibited. Alaska arid Hawaii arc included.
{Scattered revisions for woolen and worsted goods production (1958), aircraft exports (1958-59), motor vehicle exports and imports (1958-59), truck registrations (1958-May 1959), freight car
Dew orders (1955-60), and for locomotive exports (1959) are available upon request.
§Excludes railroad-owned private refrigerator cars and private line cars.
U.S.
G O V E R N M E N T P R I N T I N G OFJICE: !9gl
INDEX TO MONTHLY BUSINESS STATISTICS, Pages SI-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate..
Domestic trade
__
_.
Employment and population
Finance
International transactions of the U.S
Transportation and communications
1-5
6,7
7,8
9-11
11-15
16-20
21,22
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25, 26
26-30
30,31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing
31
32-34
35,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
.
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
9
Agricultural loans and foreign trade
16,21,22
Aircraft and parts
3,12,13,14,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
7, 9, 26
Aluminum
33
Apparel
2,3,6,7,9,10,12,13,14,15,38
Asphalt and tar products
35,36
Automobiles
3,9,12,13, 14,15, 17, 22,40
Bakery products
12,13, 14
Balance of payments
21
Banking
14,16
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
Beverages
3,4, 7,9, 12, 13,14, 15, 26
Blast furnaces, steel works, etc
12, 13, 14
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
17,19,20
Book publication
37
Brass and bronze
33
Brick
38
Brokers' loans and balances
16,19
Building and construction materials
8,9,10,36
Building costs
8
Business incorporations (new), failures
5
Business sales and inventories
4
Butter
27
Cans (metal), closures, crowns
32
Carloadings
23
Cattle and calves
28
Cement and concrete products
7,8,38
Cereal and bakery products
6,12,13,14
Chain-store sales, firms with 4 or more and
11 or more stores
10
Cheese
27
Chemicals
3,4, 5, 6,12,13,14,15,19, 22, 24
Cigarettes and cigars
7,30
Civilian employees, Federal
12
Clay products
7,38
Coal
3,4,6.11,13,14,15,22,23,35
Cocoa
22,28
Coffee
22,29
Coke
23,35
Communications
12,13, 14,15, 19, 20, 24
Confectionery, sales
. __
29
Construction:
Contract awards
8
Costs
.
8
Employment, hours, earnings, wage rates._
12,
13,14,15
Highways and roads
7,8, 15
Housing starts
8
New construction, dollar value
1,7
Consumer credit
17
Consumer goods output, index
2,3
Consumer expenditures
1,9
Consumer price index
6
Copper
22,33
Com
_.-27
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
6,7,22,39
Cottonseed, cake and meal, oil
_~_
30
Credit, short- and intermediate-term
17
Crops
2,6,27,30,39
Crude oil and natural gas
3,11,13,14,15,35
Currency in circulation
18
Dairy products
.
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
_
Distilledfor
spirits
Digitized
FRASERrates, and yields
Dividend payments,
Drug-store sales
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
2, 6, 26
16
17
10, 11,17
16,18
.
15
27
2,19, 20
10
Earnings, weekly and hourly
14,15
Eating and drinking places.
10
Eggs and poultry
2,6,28
Electric power
3, 6, 26
Electrical machinery and equipment
3,
4 , 5 , 7 , 1 2 , 1 3 , 14,19,22,34
Employment estimates and indexes
11,12
Employment Service activities
15
Expenditures, U.S. Government....
17
Explosives
25
Exports (see also individual commodities)
21,22
Express operations
23
National income and product
1
National parks, visits
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
7,19, 22, 33
Noninstallment credit
17
Failures, industrial and commercial
5
Farm income, marketings, and prices
1,2,6
Farm wages
15
Fats and oils, greases
6,29,30
Federal Government
finance
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
,_
16
Fertilizers
6,25
Fire losses
8
Fish oils and fish
29
Flaxseed
30
Flooring, hardwood
31
Flour, wheat
28
Food products
3,4,
5,6,9,10,12,13,14,15,18,22,27,28,29,30
Foreclosures, real estate
8
Foreign trade
21, 22
Foundry equipment
34
Freight carloadings
23
Freight cars (equipment)
3,40
Fruits and vegetables.....
6, 22, 27
Fuel oil
35,36
Fuels
3,6,35,36
Furnaces
34
Furniture
3,4,6,9,10,12,13,14,17
Furs _ _ _
22
Paint and paint materials
6,25
Panama Canal traffic
23
Paper and products and pulp
3,
4,5,7,12,13,14,15,18,22,36,37
Parity ratio
6
Passports issued
24
Payrolls, indexes
13
Petroleum and products
3,
4,5,6,12,13,14,15,19,22,35,36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
25
Plywood, hardwood
31
Population
11
Pork
28
Postal savings
16
Poultry and eggs
2, 6, 28
Prices (see also individual commodities)
6
Printing and publishing
3,12,13,14,15,37
Profits, corporate
1,18,19
Public utilities
2 , 3 , 6 , 7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
7
Gas, output, prices, sales, revenues
Gasoline
Generators and motors
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products..
3 , 6 , 2 5 , 26
9,35,36
34
38
...
24
18,21
6, 22, 23, 27,28
10
1
.
1
_ 7, 38
Hardware stores
_ 9.10
Heating apparatus
7,34
Hides and skins
7,30
Highways and roads
7, 8, 15
Hogs
28
Home Loan banks, loans outstanding,
8
Home mortgages
8
Hosiery
38
Hotels
.
12,13,14,15,24
Hours of work per week
13
Housefurnishings
.
6, 9,10
Household appliances and radios
3,6,9,10,34
Housing starts
8
Imports (see also individual commodities)
21, 22
Income, personal
1
Income and employment tax receipts _ _
17
Industrial production indexes:
By industry
2,3
By market grouping
2,3
Installment credit
17
Installment sales, department stores
11
Instruments and related products
3,12,13,14
Insulating materials
34
Insurance, life
17,18
Interest and money rates
16
Inventories, manufacturers' and trade
4,10,11
Iron and steel, crude and manufactures
3,
4 , 5 , 7 , 8 , 12, 14,19,22,32,33
Labor disputes, turnover
15
Labor force
.
11
Lamb and mutton
28
Lard
28
Lead
33
Leather and products
3,7, 12,13,14,15,30,31
Linseed oil
30
Livestock
2,6, 23, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8, 16, 17,19
Locomotives
40
Lubricants
35,36
Lumber and products
3,
4,5,7,8,9,10,12,13,14,18,31
Machine tools
34
Machinery
_
3,4, 5, 7,12,13,14,19, 22,34
Mail-order sales, catalog
.
10
Manmade fibers and manufactures
7,39
Manufacturers'sales, inventories, orders
4,5
Manufacturing employment, production workers, payrolls, hours, earnings _ _ • _ , „ 11,12,13,14, 15
Manufacturing production indexes
2,3
Margarine
___.__.
29
Meats and meat packing
2, 6, 12,13,14, 28
Medical and personal care
6
Metals
3,4,5,7,11,12,13,14, 15,19,32,33
Milk
__
_..
27
Mining and minerals,._ 2,3,11,12,13,14,15,19,20
Monetary statistics.
18
Money supply
18
Mortgage loans
8,16,18
Motor carriers
__
23
Motor vehicles... 3,4, 5, 7, 9,10,12,13,14,15,19,40
Motors
34
Oats
Oil turners
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance
27
34
6, 29,30
5
12,13,14
Radiators and cpnvectors
34
Radio and television
. 3, f > , 9 , 3 4
Railroads.
2,12,15,19,20, 23,40
Railways (local) and tus lines
12,13,14, 15,23
Rayon and acetate
39
Real estate
8,16
Receipts, U.S. Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)
6,9
Retail trade
4,5,9,10,11,13,14, 15,17
Rice
i
27
Roofing and siding, asphalt
36
Rubber and products._ 3,4,5,7,12,13,14,15, 22,37
Rye
27
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1,9,12, 13,14
Sheep and lambs
28
Ship and boat building
12, 13,14
Shoes and other footwear
7,9, 10,31
Silk, prices, imports, production
7,39
Silver
18
Soybeans and soybean oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
3, 32,33
Steel scrap
32
Stocks, department stores.
11
20
Stock prices, earnings, sales, etc
3.
Stone, clay, and glass products
4,5,12,13,14, 19,38
34
Stoves and ranges
22,29
Sugar
Sulfur
25
24
Sulfuric acid
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radio-telegraph carriers..
12,13,14, 15,20,24
Television and radio
3, 6, 9,34
Textiles and products
3,
4,5,7,12. 13,14,15,18,22,38,39,40
Tin
22,33
Tires and inner tubes
7,9,10,37
Tobacco and manufactures
3,
4,5,6,7,8,12,13,14,15,22,30
Tractors
.
22,34
Trade
5 , 9 , 1 0 , 1 1 , 1 2 , 1 3 , 1 4 , 1 5 ; , 17, 20
Transit lines, local
23
Transportation and transportation equipment _ _ _ 3,4,5,6,9,12,13,14, 15, 19,22,23,24,40
Travel
24
Truck trailers
40
Trucks__
34,40
Unemployment and compensation
11,15
U.S. Government bonds
16,17,19, 20
U.S. Government
finance
17
Utilities
2 , 3 , 6 , 7,12,13,14,15,19, 20, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
34
10
29,30
6, 22, 27
23
15,17
Wages and salaries
1,2, 13,14,15
Washers
.
34
Water heaters
34
Wheat and wheat
flour
27, 28
Wholesale price indexes
6,7
Wholesale trade
4, 5,11,12,13,14,15
Wood pulp
36
Wool and wool manufactures.
6,7.22,39,40
Zinc.
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
PENALTY FOR PRIVATE USE TO AVOIO
PAYMENT OF POSTAGE, $30O
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The Office of Business Economics announces
U.S. Business Investments
in Foreign Countries
j[HE RESULT of a two-year survey, this fullscale study of the $30 billion invested abroad by
United States industry explores for the first time
the total impact of private investment abroad on
the balance of payments of the United States and
on worldwide economic development.
It establishes new benchmarks for data on capital
flows and earnings entering the balance of payments
accounts, and develops entirely new types of information on the operating results of the foreign
producing facilities.
The findings are presented in a concise but comprehensive analysis covering developments in the
major countries and industries. The 150-page
volume, with over 30 charts, also provides the
detailed census results, in 58 statistical tables.
[ P R I C E , $1.00]
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