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j^MENTOF^ April 11, 1958 ° f STATISTICS BUSINESS E c ° ' 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 B i l l i o n Dollars Billion 5 60 I NEW CONSTRUCTION ACTIVITY Dollars CONSUMER CREDIT OUTSTANDING (seasonally adjusted) (short- and intermediate-term) 50 h Total Private Residential ( nonfarm) \ 1 Installment Credit (end of month) !,J^UJL.Lj„.U.J^LJ,.XJU_uJ.„U_i__l_LJ...J_lJ I I I I I I I 1 I I I I i I I I I I I 1 S955 1956 1957 1958 Index, 1 3 4 7 - 4 9 = 100 1 80 20 U I i n i i h i i i i i i i i i M U l l l l l 1956 1955 1958 COTTON CONSUMPTION (seasonally adjusted) (daily average; seas, adj.) ISO I 10 Stocks (end of month) jH 140 h 100 \h ^ H\A4 \ Sales I 20 h 90 U J O - J L L l j .1 LI 1 1 1 1 L . I J L J j J J J ^ i J J J J - ± I ± l J - i J - L J J J J J J - i J J J i . 1955 1956 1957 80 K\ - ] JULLLLJ 1 I J - L L _ L i i _ U j . , . L L l . 1 I JJLUJ..i-LULl 1... J 1 J L i Li ) 1 LLJ 1958 lodex5 1 9 4 7 - 4 9 = 100 200 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) 175 150 M M l I ' M " Index, 1947-49= 100 120 DEPARTMENT STORE SALES & STOCKS 100 djLLLxx 1957 DoSlors 2.40 Hours 56 MANUFACTURING HOURS & 2.20 h EARNINGS 52 Average Hourly Gross Earnings 2.00 48 S.80 44 Payrolls 1 2 5 Employment 1.60 IOO 40 Average 75 Li-1 i i i I i i i i i I i i i i i I i i i i i I i i i i i I i i i i i 1 i i i i i I i i i 1955 1956 1957 1958 1.40 Hours Per Week (right scale) I i i I I I l I 1 l I 1 i i l i I I I l I i U - L i j J - J I 1 LL 1955 1956 1957 LLLLLl 1958 36 WEEKLY BUSINESS STATISTICS1 2 1957 [ ITEM Mar. 30 Commodity prices, wholesales A M commodities 1947-49-100.. ......... •••••••••• do.... Apr. 6 1958 1 Mar. 15 Mar. 22 Mar. 29 Apr. 5 88.6 112 1,609 S,488 290 •8 86.9 *88.8 •103.7 *125.4 88.5 113 1,592 1,474 231 119.5 99.8 109.5 125.9 85.4 106 3,493 3,220 336 189.6 99.8 109.9 125.9 85.5 809 3,510 3,235 357 119.8 800.4 110.7 125.9 85.5 184 889.6 98.7 110.6 825.9 84.5 327 352 30,502 24,930 18,971 609 30,588 25,165 18,868 343 30,641 24,456 18,699 608 30,592 24,638 18,930 607 30,524 24,742 18,725 634 30,636 24,586 18,526 695 55,472 23,067 85,604 25,164 31,443 8,740 55,118 23,157 87,253 26,635 31,322 8,691 56,031 26,264 89,408 28,025 30,372 8,725 55,243 26,424 90,474 28,255 31,041 8,710 54,507 26,648 89,883 28,108 31,010 8,734 3.96 44.09 46.97 3.96 44.54 47.47 4.03 42.41 45.33 4.04 42.09 44.95 4.05 42.30 45.18 Finance: Federal Reserve bank credit outstanding, total 3/ do.... do.... do.... Federal Reserve reporting member banks in leading cities: 4/ Commercial, industrial, and agr. loans (gross)....do...« Reai—estate 1oans (gross)••••««••««•«»«••««ait««i»do.... Stock prices, 500 stocks (Stand. & Poor's) 4/...1941-43.10.. 1 ! ««•••••••• •••••••»«. 4.04 41.60 44.35 Production: us. of short tons.. us. of short tons.. 1,765 11,694 152,712 7,803 1,597 11,693 154,214 1 7,614 1,273 11,860 103,399 6,257 1,240 11,756 96,357 6,263 8,202 8 8,645 111,509 6,264 2,364 92.4 695 361 2,319 90.6 644 344 1 1,463 #54.2 539 280 5,417 #52.5 533 274 8,366 #50.6 532 276 88,909 1,312 #48.6 J./ Data do not always cover calendar weeks. 2 / Tuesday prices. 3/ Daily average. 4/ Wednesday data. ,5/ Week beginning April 7, 1958: Production, 1,306 thous. short tons; operating rate, 48.4 percent. * Monthly index for March 1957. # Based on January I, 8958, annual capacity (140,742,570 tons); not comparable with 1957 rates which are based on January I, 8957, annual capacity (133,459,150 tons). MONTHLY BUSINESS STATISTICS 1957 1958 ITEM February March December January February March CONSTRUCTION AND REAL ESTATE New construction (unadjusted), total •••••mil. of do I, Private, total ••••••••••••••••••••• • do.., Residential (nonfarm) •••••••••••• ••• .do.., New dwelling units.•••••••.... ••do.., Additions and ©Iterations.........................do.., Nonresidential buildings, total j./..................do.., Industrial •••••••••••••••••••••• do.., C O m m e r C i a ! » e e # # e e e e « e # e e . e . « e e » e e » e s e e e « e « « o e e e s « ©w©«.- Farm constructIon•••••••••••••••••••••••••••••••••••do.., Public uti titles..... ••••.••••••do.., Pub lie, tota(•••••••••••. Nonresidential buiIdings Military facilities H i g hway •••••••••••••••» . • do.., •••••••••••••••••••do.., . do.., ••••••••• do... New construction (seasonally adjusted), total ..do... Private, total ......do.., Res I dent I a I (nonfarm) •••••••••••« • • • • • do. •, Nonresidential buildings, total J/ •••••• do.., ]ndustrIa I•••••••••••«•••••.••••••••••••••».•••»..do.., Commercia 9 .•••••••«•.•••••••••••••••••••••••.do..« Farm construction..••••. • ••••••••••••••. do.•, Public uti lity ....do... Pub i i c, tota I..... •••••••••••••••• ...••• .do.«, Nonresidential bui Idings...... do.., Military faci 8ities....... ....do.., HI ghway. ••••••••••.••• do.., Construction cost index: Department of Commerce, composite. 1947-49« 100, 3,007 2,226 8,043 790 217 704 270 257 102 365 3,295 2,405 8,862 870 258 709 269 264 8 82 409 3,667 2,705 1,345 1,005 290 764 248 305 100 483 r3,282 2,364 8,838 865 217 704 240 267 80! 486 r3,105 r2,25l r1,057 r790 r2!9 675 231 254 105 r404 781 302 80 895 890 345 84 230 962 342 88 275 r988 r339 80 r245 r854 r308 70 r240 955 343 70 270 3,861 2,740 8,391 748 270 283 131 456 8*828 347 805 406 3,912 2,752 1,383 763 274 292 132 459 1,160 366 104 434 4,051 2,854 8,444 755 243 303 133 508 1,197 385 500 423 r4,034 2,785 1,403 727 235 285 135 507 r1,249 r377 99 r480 r4,024 r2,777 r1,408 786 238 276 135 r506 r!,247 r355 92 r500 4,080 2,750 8,389 786 222 285 134 498 1,260 366 36 509 135 835 838 838 138 23,650 10,800 12,840 24,340 11,040 13,300 23,430 10,880 12,550 r23,360 r 18,010 r 12,350 23,980 8 1,220 12,760 DOMESTIC TRADE All retail stores, estimated inventories: Unadjusted, total ..•••..mi I. of dol, Durab I ©-goods stores. ••••• •• •••••. .do... Nondurab Ie-goods stores • .do. ., r/ Revised. J/ Except farm and public utility, 72828 3,355 2,400 1,168 870 250 664 218 258 8 84 443 MONTHLY BUSINESS STATISTICS —Continued 3 1957 1958 ITEM February March December January February H€&€ST!C TRADE - Continued All ratal I stores, estimated inventories - Con iiS« of do!. Adjusted, total . .••«•••••*. Durable-goods st©res.••••••••••••.••••.•••, ,..do... NondurabI©-goods stores®••«••••••••••••••*. »..do... Wholesale trade: Sales, estimated Cunadjusted), total•••••••., bit. of dot, »««do.»« DurabIe-goods estabSTshments.•••••«•••••••••• »«»do»«« Nondurahle-goods estab11shments........•.•••• »..d0..e Inventories, estimated Cunadjusted), total• •••• •••do.,* Durable-goods estabIishments.•••••••••••••••• B««d0.a. KondurabIe-goods estab81shments...••*•••••*•• 23,910 10,850 13,060 23,700 80,670 13,030 24,470 11,420 13,050 r24,460 rl!,340 r13,120 24,290 11,220 13,070 10.4 4.0 5.4 12.8 6*5 6.3 U.I 4.3 6.9 §.7 6.2 10.7 3.7 7.0 12.5 6.4 6.1 10.4 3.5 6.9 12.5 6.4 6.1 9.5 3.2 6.3 12.4 6.4 6.0 66,311 63,190 5,195 57,996 3,121 66,746 63,865 5,434 58,431 2,882 67,770 64,396 5,385 59,012 3,374 66,732 62,238 4,998 57,240 4,494 67,160 61,988 4,830 57,158 5,173 51,704 16,945 833 2,673 4,120 11,225 2,301 6,273 7,334 •51,919 16,933 831 2,756 4?!47 if,265 2,310 6,317 7,360 53,084 16,316 825 2,850 4,100 12,365 2,349 6,473 7,806 r50,937 r15,877 r803 r2,606 r3,995 r11,432 1-2,340 r6,396 r7,488 r50,202 r15,598 r782 r2,365 r3,955 r11,245 r2,339 r6,395 r7,527 13,8 14 7,721 79 589 313 449 IJ24 902 , 1,294 877 1,482 230 13,085 1^93 79 593 312 451 1,112 898 1,291 869 1,474 231 12,458 7,136 67 581 307 435 1,004 868 1,122 824 1,342 219 r12,033 r6,850 66 r558 297 r4l4 r957 r833 r1,097 r792 1,276 r2l4 r11,784 r6,634 r66 r548 r293 r402 r9l3 r800 r1,076 r765 rl,2l2 r209 5,393 987 84 933 1,095 466 555 548 173 213 340 5,392 989 77 929 8,098 467 559 550 173 211 341 5,322 1,032 87 884 1,060 466 564 523 169 207 332 r5,l83 r974 82 860 1,043 456 557 r5l5 r!67 r200 r329 r5,!50 r954 r78 r855 r 1,058 r45l r555 r5l0 ri66 r!9l r333 13.6- EMPLOYMENT AND WAGES Labor force (Bureau of the Census); Civilian labor force, total......*«....•.«*......thousands. Employed. ,««««, «»«»«« «.**.do,M AgrleuItura8 employment®• *.....<!,*•.•••««•.»•.»•••.do.•« NonagricuIturaI employment...••••••••*••••••••««•*do.•• Unemp loyed.... • •••••••••••••••••••••..••••.••••••••• .do.. • Employees in nonagricuIturaI establishments; Total, unadjusted CU. 3. Department of Labor)*.•*»....do... Manufacturing......a.......*.*......*.....•.........#©•.• Pi S II ! fig. « $ . * e e « 3 S 3 * e e * 9 e e e « s » e e $ e « e « e e « $ e * e e s « s e e e * 8 #wO« . # Contract construction....... ..•....•...do... Transportation -and .public uttlities a «««« # «« s «*«««*««do«« a ^hoiesafe and retail trade....... ••••-••••do... Finance, insurance, and real estate..•.•.....••*..•.do.•• Service and miscel8aneous 9 . e ..*,..••,,«.•••*,«•*.••*do«,. Government..........................................do... Production ssorkers in manufacturing industries: Total •«•••• •••«••••• «••••••• ..•••••••do... Durab le-goods industr ies. ••••••• ••••••«• do.•. Ordnance and accessor ies. •»•••••••»•• .do... Lumber and wood products (except furniture)•«•••«.do... Furniture and fIxtures......... ..••.••••••••do... Stone, clay, and glass products. do... Primary metal industries ••••••••••••••••do... Fabricated metal products JJ •••••••••••••••do«.« Machinery (except electrical)... ... ••••••do».« Electricai machinery« •••„ •••••««do.• • Transportat!on equipmenf.,. •••.••••••••••••do.•• Instruments and related products.,«*,,*,.,, # ,.„,,do,,. Nondurahle-goods i ndustr ies.•••••••••••••••••••••••.do,.. Food and kindred products............. ••do««. Tobacco manufactures •••••••••••••••••••••••,do.•. Texti ie-mi II products, «> ••••••••••.•••••••••••do*** Apparel and other finished textile products do,.. Paper and allied products •••«••••• •••••do««. Printing, publishing, and allied products.........do,.* Chemicals and allied preducts«,.. a »*«.,.««..« a «««.do... Products of petroleum and coal... .,„ .do,., Rubber products •••••••••«•••••••••• .do,*. Leather and leather products.•••••..••••••••••••••do... Manufacturing production-worker indexes: Employment: Unadjusted. 1947-49=100, Adjusted•*••••••••••••.•••••••••• •.do,•• PayroiIs, unadjusted.•••••,•••••••••••••••••.. .do,•• Hours and earnings: Average weekly hours p&r worker, all manufacturing.,.hours. Durable-goods «ndustries.* •«•••••«••••••••••••.do.•• Nondurab le-goods i ndustr ies. ............ do.,, Average weekly earnings, aii manufacturing*......,.doliars, Durable-goods industries«••••••••••••• ••••••••.do.•• Nondurab I e-goods i ndustr i es. .... do. • • 106.0 106.4 165.0 105.8 806.0 864.3 100.7 100.3 157.4 r97.3 r98.0 r 149.3 r95.3 95.6 r 145. I 40.2 40.9 39.3 82.41 88.75 73,10 40.1 40,8 39.1 82.21 88.94 73.12 39.4 39.7 39,0 82.74 88.93 74.88 r38.7 38.9 r38.4 r-81.27 87.84 r73.73 r38.4 r38.6 r'3B.I r80.64 r86.46 r73.85 Average hourly earnings, all manufacturing. do., Durable-goods i ndustr ies*•••••• ••«••••••,*.•.do.. Ordnance and accessories**,.**,,*.. ...do.. Lumber and wood products (except furniture)••••«..do.. Furniture and fixtures.•*...«• ••••• «do« 9 Stone, clay, and glass products. ...» do,. Primary metal Industries..„••••••••»••• •••••do,. Fabricated metal products J/........ ••••••••do«« Machinery (except electrical).**.•••••••••,•••••••do«« ElectrleaI mach8nery*•••••••••••••••••• «•••..do,• Transportation equipment.•••••• ,••••••••••••do,• instruments and related products.•••••••••• ,.do,. 2,05 2.17 2.29 1,73 1.73 2.01 2.46 2.13 2.27 2.05 2.37 2.09 2.05 2.18 2.30 8.77 8.73 2.02 2.46 2.14 2.28 2.06 2.38 2.10 2.10 2.24 2.42 1.83 1.77 2.09 2.55 2.22 2,34 2.11 2.48 2.15 2.10 2.24 2.44 1.80 1.75 2.10 2*56 2.22 2.34 2.12 2,46 2.15 2.10 r2.24 2.45 ri.8l 1.77 r2.09 2.56 2.22 2.35 r2.84 r2.46 r2.16 1.86 1.93 S.49 1.50 1.49 2.00 2.48 1.87 1.93 1.53 1*50 1,50 2.00 2,49 8.92 1.97 1.55 1.50 8.50 2.08 2.55 8.92 2.00 1.56 8.50 1.50 2.08 2.54 1.92 r2.00 rl.57 1.50 1.50 2.08 r2.56 Nondurable-goods industri es.•••••••••••••••••••••,••do.••• Food and kindred products*•••.•••••,,,,,«,,..,.,«,do.... Tobacco manufactures. •«••••••••«••«•«•••••••,do«..* Text! le-mi 11 products.......*..,. . s s - s s c!o, s .. Apparel and other finished textile products,•••...do..,. Paper and allied products.,.*•••••••••••••«*,,.«,.do.,,. Printing, publishing, and allied industries do,,.. rj Revised, j>/ Preliminary. ±/ Except ordnance, machinery, and transportation equipment. 12828 MONTHLY BUSINESS STATISTICS — ContmiMcl 4 | ITEM, 1957 Febryery 1958 D@e«to@f March Jany®ry February March ENPLOWEiT AND WAGES - Continued Hoyrs and earnings - Continued Average hourly earnings, a 11. manufacturing - Continued Nondurable-goods Industries - Confirmed Chesulcais and allied prodycts^„ e 9 ^„ e B e 9 S 8 „loSlarSoo Predicts of p@tr©i©« ap«J coal....................do.,,.* Rubber products...................................do.... Leather and leather products......................do.... | I i 1 ! 2.17 2#56 2e22 1.55 j ! 2ei7 2.57 | 2a2f 1.54 1 2026 2 0 73 | 2e31 lo55 2027 2^72 2*29 !«56 2*27 r2@72 r2@29 l956 p2„27 p2e71 p2@29 pi ,57 5S,428 24,352 23,331 22,104 51,428 19,956 18,958 r4!5 26,7!§ 51,159 24,330 23,240 22,099 51,159 19,785 18,667 r48l 26,559 4797 50,731 24,57© 23,628 21,804 50,731 19,65© 18,532 p§76 26,537 479 2 FINANCE Federal Reserve banks, condition, ©ad of months Assets, totals,«@«©9(!)e@©«ae^e@eS(&@e8eese@se@e@0(8,iiS §. ©f d@Seo Reserve bank credit outstanding, total..••..•••••...do.e0. United States Government securities...............do..•« Gold certificate reserve............................do.... Liabi titles, total....................................do..so Deposits, t o t a L i ^ « . « M * « N « ^ » 9 » # » » . e $ e e » e H o ® d @ @ © • . mmbm-^bank reserv® b a l M e e s „ e « 9 9 S „ „ „ e „ „ „ 9 d © „ 9 e Excess reserves (estimated)..............*......do.... federal Reserve notes In ciret§lati©ne#seee@19@@e@ee<d©@seo ieserv© rati©......................................percent.. Consumer credit (short- and 1 nters«edIate-term)t Total ©utstsudlug, end ©f month.......•..••••..mi I. of d©le0 Installment credit, total............................do.©**, Installment credit extended and repaidi inadjustedi Extended, t o t a l « , « g 6 e 6 « 8 , 9 , s « 8 9 8 9 e „ „ l o S M O Repaid, total••••••••••••...••..••.....do...0 Adjusted: Extended, total..........................do.... Repaid, tota 1.............................do.. „« federal Government flnancet Gross debt (direct), ©nd ©f month, total..............do.... Interest bearing, total 90 © ee@e@9oe@ ® 6 ® fee0oe@ed0S ® s ^.dOj^ e o Pub lie i ssues ..................................... d§f®«. Spec i a 1 I ssn@s«, @ 0 © « 9 e @ e e , e ® @ e e a e o @ a e e 0 @ ® « s e @ e Q & e # s @ d© e .0„ Noninterest b e a r S w g @ s 9 9 S $ 9 e ( 9 9 8 # s , 9 S 8 S 9 s „ « M „ 9 „ . d o . . „ 0 Obligations guaranteed by U@Se Government, #ni of ^ e «do @@(S « Bondsi Prices (Standard and Poorfs Corporation)i Industrie 1, utility, and raltrosd (A 1+.Issues): Composite C2I bonds).................dol. per $100 b@niee Domestic municipal CIS bonds)..•••••................do.... Stockss Dividend yields, preferred stocks, 14 high-grade (Standard and Poorss Corporation)•••••...••......percent.. Prices (Standard and Poor's Corporation)! Combined index'(500 stocks)...................I94l-43«I0.. Industrial (425 stocks)......... ••••••••••••eo«*.. Capital goods (129 stocks),..................*..©©.... 8 Consumers goods C196 stocks)....................do..,. Public utility C50 stocks)*......................#do«...; Rasiroaii CZ5 STOCKS)..«....••••••••...••.»'••••.•••do.«•« Banks: N® Y. City (12 stocks)a»..«««.«.««.«...«..........do.«.. j Outside H& Y. City (17 stocks)..............•••...do.... | Fire Insurance C17 stocks)......•••.................do.^*. | 5S,387 24,704 22,887 ' 21,626 51,387 19,566 18,576 51,016 24,97© 25,149 21,627 5S,0S© 19,835 18,629 282 117 26,556 46e§ 26,454 46e7 53,028 J 25,784 24,238 22,085 53,028 20,1§7 19,034 1 »§7 I 27,535 j 46*3 40,738 31,488 4© ,735 51,524 44,776 I 34,105 | 43,966 33,737 43,043 33,302 2,976 3,056 3,509 3,257 3,347 3,31 S 3,426 3,255 4,069 ! 5,560 i 5,6i5 3,498 3,108 3,476 3,504 3,42! 2,754 .3,189 3,235 3,401 274,555 272,777 227,307 45,47© 1,777 274,679 272,959 227,00© 45,959 1,72© 272,624 270,948 225,137 45,810 1,676 276,269 275,919 228,449 45,470 2,350 274,999 • 272,773 227,1§9 45,603 2,226 I 274,898 1 272,874 227,075 i 45,799 2,©24 j 47 A 1111111111 «?®9©®®#©®@ ®®®8®se©®@ 109 109 104 101 103 104 I04a2 110.9 104.4 1f0@0 102*7 107*5 S05.9 110.0 I05«7 S096l !05«0 §07*9 4e36 4038 4©42 4.47 4.46 4.49 43e47 46.10 46.43 ! 31.55 32.29 ! 29.59 | 44.03 46.8® 46.56 32.08 32.45 29.57 ! 40.33 j 43.29 41.35 30.29 31.79 21.39 41.12 43s98 43*00 31a43 33*3© 22&69 41@26 ; 44*01 | 4532 | 3|660 j 34.12 23*00 | 42© 11 44^97 43.60 32*35 34,57 22^60 19*62 1 38.4© 26.70 i 19.50 38.87 27980 18.73 35.76 23.45 j 19@08 57698 25*68 19*55 j 38987 j 26a8§ 20*21 3936 27.49 £ / Revised. a/ Pr@11mInary. USCOMM-DC- 12828 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300
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