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April 10, 1959 STATISTICS BUSINESS ^^SRBBstco* A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS Index, 1941-43*10 Index,1941-43=10 180 80 PRICES OF 425 INDUSTRIAL STOCKS Monthly (Wednesday close) 70 60 50 40 3 0 Lj i i i i I i i i i i . I i i i i I 1956 1 i i i i i I i i i i i 1 i i i i i I i 1957 1958 Billion Dollars 35 Billion Dollars 70 Billion Dollars 60 MANUFACTURERS' SALES & INVENTORIES CONSUMER CREDIT OUTSTANDING (seasonally adjusted) 30 wj I I 1959 (short- and intermediate-term) ^^•^/^^^ 60 (,eft scale) * ooowo ^i oDo° 25 ^^^oooooo H\ 50 °° fnvenfctries * (right sc ale) 20 * Book value, end of month H 40 1 Installment I 15 ,i n u l l m i 1956 II 1 II I N N 1 1 1 1 II 1 1 I I 1 1 1 1 1 1 1310 1 II 1 1 1J 20 1958 1957 1959 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) 1956 1957 1958 II II l l I I II I 1959 Hours 56 MANUFACTURING HOURS & EARNINGS 2.20 175 2.00 H Payrolls H 52 Average Hourly Gross Earnings H48 (left scale) Employment 125 I I I I • I II I I I I I I I I I I I I I I I I II l l I I I I I Dollars 2.40 Index, 1 9 4 7 - 4 9 = 100 200 150 1|.H Credit (end of month) 1.80 H44 \ IOO 1.60 h H40 Average Hours Per Week (right scale) 7 5 I • • • • • I • i i !•• l i i ! • i I • • • ! i I i • i i i I i i n i t m i 1956 1957 1958 i I i i III 1959 1.40 U I I I I I I I I I I 1 I I I I I I I I I I I I M M I I I I I I 1956 1957 1958 I II I I I I I I J 36 1959 WEEKLY BUSINESS STATISTICS1 2 1958 1959 ITEM Mar. 29 Commodity prices, wholesale: Al 1 commodities 1947-49=100.. Apri1 5 Mar. 14 Mar. 21 Mar. 23 Apri1 4 85.5 122 3,508 3,277 327 *II9.7 * 100.5 *II0.7 *I25.7 84.5 134 3,546 3,314 352 119.3 90.5 107.2 127.7 85.5 124 **2,65l 2,165 311 M9.4 90.8 107.2 127.8 86.2 137 **2,557 2,078 292 119.3 90.3 107.0 127.8 86.8 141 119.5 90.9 107.3 127.9 87.0 297 284 30,524 24,742 18,725 688 30,637 24,586 18,526 696 31,215 26,976 18,421 510 31,287 27,048 18,439 364 31,231 27,123 18,558 474 31,225 27,151 18,323 473 54,507 26,641 89,813 28,108 30,947 8,734 54,119 26,699 89,541 28,113 30,763 8,695 57,665 28,365 94,248 30,608 30,671 9,766 57,019 28,367 94,728 30,296 31,215 9,788 56,628 28,419 93,631 29,365 31,170 9,813 4.05 42.30 45.18 4.04 41.60 44.35 4.40 56.35 60.02 4.41 56.39 60.03 4.41 55.88 59.48 1,242 11,645 111,795 6,264 1,185 11,326 81,647 6,250 1,271 12,996 159,137 7,155 1,323 12,900 161,257 7,203 1,302 12,709 147,512 7,193 1,366 #50.6 532 276 1,312 #48.6 516 277 2,604 92.0 595 325 2,631 92.9 603 329 2,631 92.9 604 334 F i nance: Federal Reserve bank credit outstanding, total 3/ do.... Reporting member banks (of F.R.System) in leading cities: ,4/ Commercial, industrial, and agr. loans (gross) do.... Stock prices, 500 stocks (Stand. & Poor's) 4/.... 1941-43=10.. 55.69 59.28 Production: 159,345 2,638 93.2 J/ Data do not always cover calendar weeks. 2/ Tuesday prices. _3/ Daily average. £ / Wednesday data. _5/ Week beginning April 6, 1959: Production, 2,638 thous. short tons; operating rate, 93.2 percent. *Monthly index for March 1958. **Includes persons reported under temporary programs (TUC) and under Ex-Servicemen's Unemployment Compensation Act of 1958 (UCX). #Based on January I, 1958, annual capacity (140,742,570 tons); not comparable with 1959 rates which are based on January I, 1959, annual capacity (147,633,670 tons). MONTHLY BUSINESS STATISTICS 1959 1958 ITEM January GENERAL BUSINESS February November December January February INDICATORS Manufacturers' sales: of dol.. ...do.... ...do.... Transportation equipment (incl. motor vehicles). •..do.... ...do.... ...do.... ...do.... ...do.... ...do.... Transportation equipment (incl. motor vehicles). ...GO.... r/ Revised. ±/ Includes http://fraser.stlouisfed.org/ 93*37 Federal Reserve Bank of St. Louis ...do.... ...do.... ...do.... ...do.... ...do.... ...do.... ...do.... data for "other industries" not shown. 25,858 12,313 1,948 1,329 3,693 3,066 814 545 24,495 11,560 1,665 1,261 3,702 2,807 745 490 26,729 12,911 1,999 1,415 3,736 3,208 843 640 27,954 13,717 2,117 1,415 4,085 3,646 831 583 r27,329 r13,066 r2,195 rl,4l7 r3,797 r3,275 r829 r56l 27,550 13,452 2,324 1,413 4,090 3,195 824 575 13,545 4,167 357 994 904 1,888 2,913 444 12,935 4,056 318 995 842 1,712 2,676 384 13,818 4,347 370 1,123 917 1,881 2,763 425 14,237 4,353 422 1,071 898 1,833 3,237 502 r 14,263 r4,25l r377 r1,083 r942 r1,947 r3,195 503 14,098 4,194 361 1,139 933 1,880 2,987 26,350 12,646 1,952 1,402 3,847 3,001 846 634 25,542 12,038 1,733 1,354 3,726 2,876 799 583 27,467 13,295 2,113 1,553 3,951 3,040 891 667 28,135 13,613 2,256 1,586 3,975 3,184 884 655 r28,143 rl3,54l r2,230 r1,537 r4,OI7 r3,167 r879 r668 28,544 13,826 2,425 1,551 4,098 3,149 865 669 13,704 4,412 384 989 886 1,836 2,774 448 13,504 4,363 361 1,001 877 1,783 2,759 413 14,172 4,436 378 1,102 936 2,023 2,819 472 14,522 4,481 414 1,079 955 2,004 2,970 518 r14,602 r4,522 r428 r1,102 r942 r1,932 r3,043 508 14,718 4,524 425 1,123 972 1,958 3,079 MONTHLY BUSINESS STATISTICS—Continued 3 1958 1959 ITEM January GENERAL BUSINESS INDICATORS - Continued Manufacturers' inventories, end of month: Book value (unadjusted), total mil. of dol. Durable-goods industries, total ±/ do... Primary metaI do... Fabr i cated meta I do. • • Machinery (including electrical) do... Transportation equipment (incl. motor vehicles)..do... Lumber and furniture do... Stone, clay,, and glass do... % By stages of fabrication: Purchased materials bil. of do I. Goods in process do... F i n i shed goods do. •. Nondurable-goods industries, total J./ mil. of dol. Food and beverage do... Tobacco do. • • Text ile do... Paper do... Chem ical .. > do... Petroleum and coal do... Rubber do.. • By stages of fabrication: Purchased materials bil. of dol. Goods in process do... Finished goods do... Book value (adjusted), total mil. of dol. Durable-goods industries, total U do... Pr i mar y meta I do... Fabr i cated meta I do... Machinery (including electrical) do... Transportation equipment (incl. motor vehicles)..do... Lumber and furniture • do... Stone, clay, and glass do... By stages of fabrication: Purchased materials bil. of dol. Goods in process do... Finished goods do.•. Nondurable-goods industries, total ±/ mil. of dol. Food and beverage, do..-. Tobacco do. • • Texti le do... Paper do.. • Chem ical do... Petroleum and coal do... Rubber do. • • By stages of fabrication: Purchased materials bil. of dol. Goods in process do... F i n ished goods do... Manufacturers' orders: New orders, net (unadjusted), total mil. of dol. Durable-goods industries, total J,/ do... Pr imary meta I do... Fabr i cated meta I do... Machinery (including electrical) do... Transportation equipment (incl. motor vehicles)....do... Nondurable-goods industries, total do... New orders, net (adjusted), total do.... Durable-goods industries, total U , do.... Pr i mar y meta I do.... Fabr i cated meta I do.... Machinery (including electrical) do.... Transportation equipment (incl. motor vehicles)....do.... Nondurable-goods industries, total do.... Unfilled orders, end of month (unadjusted), total do.... Durable-goods industries, total ±/ do.... Pr imary meta I do. •.. Fabr i cated meta I do.... Machinery (including electrical) do.... Transportation equipment (incl. motor vehicles)....do.... Nondurable-goods industries, total do.... CONSTRUCTION AND REAL ESTATE Construction cost index: Department of Commerce, composite 1947-49=100.. FINANCE Consumer credit (shortt- and intermediate-term): Total outstanding, end of month mil. of dol.. Installment credit, total do.... Installment credit extended and repaid: Unadjusted: Extended, total do.... Repa i d, tota I do.... Adjusted: Extended, total do.... ' Repaid, total do.... rj Revised. \J Includes data for "other industries" not shown Digitized for9337 FRASER February November December January 53,298 30,770 4,384 2,989 10,188 7,669 1,801 1,262 52,829 30,494 4,303 2,980 10,169 7,414 1,826 1,299 49,160 27,684 4,217 2,809 8,866 6,593 1,683 1,162 49,468 27,873 4,297 2,810 8,852 6,639 1,728 1,188 r49,776 r28,178 r4,293 r2,903 r8,967 r6,695 rl,7l3 rl,2l9 8.3 12.5 10.0 22,528 4,786 2,027 2,667 1,443 3,886 3,543 1,111 8.2 12.3 10.1 22,335 4,694 2,007 2,679 1,468 3,911 3,436 1,109 7.7 11.2 8.8 21,476 4,958 1,861 2,371 1,405 3,724 3,390 998 7.7 11.3 9.0 21,595 4,891 1,978 2,422 1,443 1 3,791 3,264 1 1,004 r7.6 r 11.5 r9.l r2l,598 r4,83l r1,994 r2,462 r 1,451 r3,787 r3,199 1,023 9.1 3.0 10.5 52,911 30,625 4,273 3,081 10,222 7,529 1,772 1,237 9.0 3.0 10.3 52,445 30,266 4,297 3,041 10,101 7,285 1,803 1,249 8.6 2.9 10.0 49,297 27,877 4,058 2,896 8,954 6,576 1,730 1,223 8.9 2.9 9.8 49,209 27,863 4,100 2,927 8,914 6,574 1,740 1 1,200 8.8 r3.0 r9.8 r49,503 r28,117 r4,180 r2,993 r9,030 r6,578 r1,702 r1,207 8.3 12.4 9.9 22,286 4,627 1,912 2,694 1,443 3,824 3,615 1,100 8.3 12.1 9.9 22,179 4,660 1,911 2,638 1,453 3,848 3,542 1,087 7.6 11.3 9.0 21,420 4,676 1,861 2,456 1,419 3,767 3,324 1,018 7.5 11.3 9.0 21,346 4,646 1,904 2,469 1,443 1 3,748 3,264 994 r7.7 11.4 r9.0 r21,386 r4,669 rl,88l r2,487 rT, 451 r3,764 r3,264 1,013 8.8 3.0 10.5 8.8 3.0 10.4 8.6 3.0 9.9 8.5 3.0 , 9.8 8.6 3.0 9.8 24,264 10,749 1,619 1,189 3,276 2,448 13,515 24,369 10,704 1,556 1,239 3,336 2,356 13,665 49,103 46,563 4,467 3,343 16,703 18,132 2,540 23,228 10,369 1,461 1,117 3,547 2,141 12,859 24,110 10,688 1,369 1,176 3,545 2,361 13,422 27,368 13,452 2,265 1,393 3,656 3,587 13,916 27,797 13,574 2,262 1,601 4,019 3,007 14,223 47,836 45,372 4,263 3,199 16,548 17,466 2,464 137 46,718 43,929 4,174 3,046 16,045 16,649 2,789 28,033 13,796 2,294 1,429 4,052 3,501 14,237 28,365 13,673 2,210 1,458 4,047 2,958 14,692 46,797 44,008 4,351 3,060 16,012 16,504 2,789 r28,2l5 r13,897 r2,835 r1,462 r3,868 r3,057 rl4,3l8 r28,502 r13,900 r2,727 r 1,523 r3,937 r3,038 r 14,602 r47,683 r44,839 r4,99l r3,105 r16,083 r16,286 r2,844 137 139 140 139 43,904 33,713 43,017 33,278 43,464 33,126 45,065 33,865 44,415 33,768 3,088 3,470 3,484 3,413 2,742 3,177 3,221 3,388 3,338 3,264 3,594 3,447 4,350 3,611 3,720 3,414 3,321 3,418 3,799 2,412 MONTHLY BUSINESS STATISTICS —Continued 4 1959 1958 ITEM February COMMODITY PRICES Prices received by farmers, all farm products,.,.1910-14=100. Crops , do... a Commercial vegetables, fresh market „... do... Cotton „ do.. 6 Feed grains and hay,. .,„,.• „,,,, o«4,...do... Food grains do... Fruit do... t 0i I-bearing crops do... Potatoes (including dry edible beans) do... Tobacco do... Livestock and products do... Da i ry products do... Meat animals do... Poultry and eggs do... Wool do... Prices paid by farmers: All commodities and services do... Family living items do... Production iterns do... All commod., services, int., taxes, and wage rates....do... Parity rat 10 ;....do... EMPLOYMENT AND WAGES Civilian labor force, total (Bureau of Census) thousands. Emp loyed do... Agr icu Itura I emp loyment do... Nonagr icu I tura I emp loyment do... Unemp I oyed do... Employees in nonagricuIturaI establishments: Total, unadjusted (U. S. Department of Labor) ...do... Manuf actur ing do... Mining do... Contract construct ion do... Transportation and public utilities do... Wholesale and retail trade do... Finance, insurance, and real estate do... Service and miscellaneous do... Government do. •. Production workers in manufacturing industries: Total do... DurabIe-goods industries do... Nondurab le-goods industr ies do... Manufacturing production-worker indexes: Emp loyment: Unadjusted 1947-49= 100. Seasonal ly adjusted do... PayroI Is, unadjusted do... Hours and earnings: Average weekly hours per worker, all manufacturing...hours. Durab le-goods industr ies do... Nondurab le-goods industr ies do... Average weekly gross earnings, all manufacturing...do Ilars. Durab Ie-goods industr ies do... Nondurab Ie-goods i ndustr ies do... Average hourly gross earnings, all manufacturing do... Durab 1 e-goods industr ies do... Nondurab le-goods i ndustr ies do... December March February January March 246 219 306 211 145 221 199 225 204 475 256 232 339 220 149 225 225 230 269 475 244 213 220 256 15! 199 217 214 126 505 244 215 266 238 152 199 211 218 129 500 243 218 264 239 154 203 225 221 123 505 244 222 284 255 155 205 218 223 117 505 269 263 321 169 244 277 254 335 186 234 269 270 327 154 203 270 264 328 160 201 265 259 322 158 197 263 249 327 153 197 271 286 260 273 287 263 274 287 265 295 276 288 268 298 275 288 267 297 82 276 287 268 298 82 2 2 67,160 61,988 4,830 57,158 5,173 67,510 62,311 5,072 57,239 5,198 68,081 63,973 4,871 59,102 4,108 67,430 62,706 4,693 58,013 4,724 67,471 62,722 4,692 58,030 4,749 68,189 63,828 5,203 58,625 4,362 49,777 15,593 747 2,173 3,944 10,948 2,343 6,240 7,789 49,690 15,355 733 2,316 3,910 10,939 2,348 6,267 7,822 51,935 15,749 713 2,486 3,881 11,976 2,373 6,384 8,373 r50,3IO r15,674 r704 r2,343 r3,836 r11,052 r2,363 r6,3l4 r8,024 r50,306 r15,772 r694 r2,25l r3,832 r10,989 r2,37l r6,333 r8,064 p 50,812 pl5,925 p687 p2,420 p3,869 pi 1,055 p2,383 p6,374 p8,099 11,767 6,653 5,114 11,542 6,502 5,040 11,930 6,740 5,190 r 11,855 r6,739 r5,M6 r 11,949 r6,805 r5,144 p12,088 p6,9l3 P5,I75 95.1 95.5 144.9 93.3 93.5 143.6 96.5 96.1 160.4 95.8 96.5 r158.2 r96.6 r97.0 r160.6 p97.7 p98.0 p163.6 38.4 38.6 38.1 80.64 86.46 73.15 2.10 2.24 1.92 38.6 39.0 38.1 81.45 87.75 73.53 2.11 2.25 1.93 40.2 40.8 39.6 88.04 96.29 78.01 2.19 2.36 1.97 39.9 40.4 39.3 87.38 94.94 77.81 2.19 2.35 1.98 r40.0 r40.3 39.4 r88.00 r95.11 78.01 r2.20 2.36 1.98 p40.1 p40.5 p39.4 p88.62 p95.99 U 1? p78.4l p2.2l p2.37 pi.99 r/ Revised, j)/ Preliminary. USCOMM-DC-9337 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS W A S H I N G T O N 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE. $300