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April 27, 1956 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $3.25 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS INDEX, 1 9 4 7 - 4 9 = 100 INDEX, 1947-49 = 100 175 I 17 5 Monthly STEEL PRODUCTION (ingots and steel for castings) J S50 125 -j H 125 100 ~\ H IOO 150 75 r°** ^0mm* 1 1 1 1 1 1 1 1 1 1 1 1 I S953 ! i ! 1 1 3 ! 1 1 •„1..I-1-...L 1. i.....,L.J JL i - J - J L - 1954 X \ 8 1 1 1 i t t j 1 1 S956 S955 BILLION DOLLARS 95 BILLION DOLLARS TOTAL L O A N S AND INVESTMENTS Average of Wednesday data 95 Wednesday data (Federal Reserve Weekly Reporting Member Banks) 90 90 \f r^ 85 -J / 1956 K^srv^i 85 1955 80 H 70 J ^-^ 75 ^i.:i. i i i -\ 80 1 i 1953 i i i i i i t i,,.i 1 i J i i I ., .1 1. J _ L _ ± . „ JL, 1 i 1954 INDEX, 1947-49^=100 120 I.._J_JL_ - a - i . 1955 I i i 1.1, i„_i JLJJ 1956 75 l I I I I 1 I I I I l^J 7 0 i l F M A M J J A S O N D INDEX, 1 9 4 7 - 4 9 = IOO 130 I COTTON CONSUMPTION (daily average; seas, adj.) no !20 IOO no i I I I I I I 1 H I I I 1 M M I I I II I I I I II II 1 M II liLLLHJ 53 1954 1955 1956 90 AW i i m 1 i i m I i n u I i i i n I i» i n I M n i 1 i i i i it > i m 1953 1954 1955 1956 WEEKLY BUSINESS STATISTICS1 1956 1955 ITEM Apr. 16 Commodity prices, wholesale: A11 commod i t ies 1947-49= 100.. Apr. 23 Mar. 31 Apr. 7 Apr. 14 90.2 121 1,493 1,370 113.5 88.4 100.8 121.2 90.9 104 1,496 1,377 113.4 88.0 100.8 121.3 91.9 114 113.5 88.0 100.7 121.4 91.9 30,215 25,497 18,909 642 90.3 103 1,683 1,499 *II0.5 *94.2 *102.5 *II5.7 90.4 112 1,645 1,474 29,854 25,159 18,868 654 29,724 25,175 i8,895 642 30,288 25,661 19,028 553 30,306 25,658 18,860 535 30,305 25,481 18,917 650 55,849 21,544 84,823 34,096 22,543 7,517 56,613 21,495 84,864 34,063 22,530 7,542 55,733 21,618 85,631 27,995 27,781 8,341 55,392 21,640 85,454 27,852 27,578 8,344 56,211 21,607 85,447 27,696 27,677 8,378 204 3.20 285*7 320.8 204 3.20 289.1 324.7 263 3.33 352.6 409.2 217 3.35 356.2 414.5 255 3.39 352.8 410.2 1,402 9,602 205,324 6,828 1,424 9,697 211,998 6,832 1,713 10,992 149,932 7,149 1,653 10,846 157,662 7,171 1,675 10,918 160,280 7,156 2,284 #94.6 570 366 2,284 #94.6 706 371 2,452 99.6 725 382 2,406 97.7 685 371 2,483 100.9 742 380 1 ! Apr. 21 F1 nance: Federal Reserve bank credit outstanding, total 3/....do.... Federal Reserve reporting member banks in leading cities:47 Commercial, industrial, and agr. loans (gross)...do.... Bond yields, domestic corporate (Moody's) 3/ percent.. Stock prices,480 stocks (Stand. & Poor»s) 4/..I935-39«I00.. 252 3.43 349.5 406.0 Product i on: 155,280 2,466 100.2 J/ Data do not always cover calendar weeks. 2/ Tuesday prices, 3/ Dai ly average. 47 Wednesday data. J7 Week ended Apri I 28, 1956? Production, 2,454 thous. short tons; operating rate, 99.7 percent. €7 Data for !956 adjusted to revised classification of class \ railroads. * Monthly index for April 1955. # Not comparable with 1956 rates which are based on higher capacity* MONTHLY BUSINESS STATISTICS 1955 1956 ITEM February March December January February March 3ENERAL BUSINESS INDICATORS Industrial and commercial failures: Fai lures, total • Commerc i a I ser vi ce Construct ion. Manufacturing and mining.... Retai I trade. Who lesa le trade Liabilities, (current), total Commercial service. Construct Ion. Manufacturing and mining Reta11 trade Wholesale trade.• • number. do... do... ..do... do... do... thous. of do I. do... do... do... do... do... 877 60 113 188 412 104 1,038 66 108 225 520 119 908 73 136 191 404 104 1,048 72 126 209 535 106 1,024 62 141 202 511 108 1,170 102 f3© 224 572 122 42,056 2,244 7,624 18,922 8,928 4,338 41,209 2,916 4,468 16,921 11,972 4,932 41,643 1,106 7,341 11,554 10,775 10,867 42,890 2,974 6,163 14,442 14,936 4,375 49,189 1,920 9,881 17,647 14,693 5,048 42,622 2,015 7,089 15,649 12,430 5,439 6.650 29.00 6.805 25.00 6.075 24.00 6.180 28.00 r6.220 28.00 p6.110 p24.50 85.534 78.471 74.18 56.00 85.071 77.527 75.17 56.00 88,102 80.679 78.83 58.50 89.180 80.588 79.43 58.50 89.180 r8l.294 81.30 58.50 P89.3I4 p84.099 p8l.30 p58.50 .0452 36.50 .0452 38.50 .0487 50.00 .0487 54.50 .0487 49.00 p.0487 p48.50 4,481 6.949 .125 2.820 4,480 6.920 .125 2.820 4S727 7.204 .130 2.820 4a732 7.233 .130 2.820 r4373! r7.229 .130 2.820 p4.786 p7.062 p. 125 p2.820 16.5 16.6 16.3 16.6 18.0 18.1 18.0 18.3 18.0 18.3 pJ7.0 p!8.3 COMMODITY PRICES Wholesale prices of selected commodities: Wheat flour, short patents (Minn.),.dol. per 100 lb. sack. Calves, vealers (Chicago). • dol. per 100 lb. Lumber: Douglas fir, dim.,No. I, 2" x 4", R.L...do!.per M bd.ft. Southern pine, boards, No.2, core., I" x 6", R.L do... Ponderosa pine, boards, No.3, common, I" x 8 M . do... Pig iron, basic (furnace).... ..dol. per long ton, SteeI: Structural shapes (carbon), f.o.b. mill dol. per lb. Scrap,No.I,heavy melting (Pittsburgh)..dol.per long ton. Coal, bituminous: Screenings, indust. use, f.o.b. car at mine dol. per short ton. Large domestic sizes, f.o.b. car at mine ...do... Gasoline, regular grade (New York) dol. per gal, Petroleum, crude (Oklahoma-Kansas), at we I Is.doI. per bbl. Cotton cloth: Print, 39-inch, 68 x 72 cents per yd. Sheeting, class B, 40-inch, 48 x 44-48 do... £/ Revised. £/' Preliminary. http://fraser.stlouisfed.org/ /* -J. jz Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — C o n t i n u e d 1956 1955 ITEM February March December January February March FINANCE Federal Government finance: Receipts, total Rece i pts, net Customs Income and employment taxes... Miscellaneous internal revenue All other receipts 5,954 5,427 47 4,857 774 276 11,089 9,741 60 9,906 995 127 5,337 4,889 56 3,962 879 440 4,915 4,684 59 3,727 853 275 7,158 6,195 57 5,959 944 198 12,499 11,313 59 11,344 963 133 do.... do.... ..do.... do.... do.... 4,831 396 365 3,048 1,022 5,894 478 386 3,759 1,271 5,651 595 406 3,451 1,199 5,274 625 401 1/ 3,005 1,243 4,950 553 p398 1/ p3,2i4 p786 5,399 559 p400 \J p3,284 pi,156 dollars.. ..percent of total.. same month 1929=100.. 7.25 74 252 7.02 75 241 7.10 58 236 7.53 71 257 7.47 75 257 7.30 72 239 thous. of lb.. do.... do.... thous. of gal.. 36,944 60,353 1,202 8,934 48,100 78,590 1,509 11,064 47,771 80,027 1,606 9,710 49,619 77,404 1,225 r9,572 42,662 73,385 1,931 8,924 thous. of lb.. do.... do.... do.... 9,319 8,395 55,206 95,422 10,456 4,571 60,605 !I 1,366 10,991 7,636 82,575 107,479 11,592 9,360 90,684 !11,691 10,742 7,702 81,911 110,519 thous. of ga !.. do thous. of lb.. 157 13,825 24,976 167 15,531 30,450 196 19,675 29,749 206 r19,020 30,522 178 17,078 28,714 13,753 12,959 10,007 843,285 15,622 15,768 13,407 842,566 23,033 23,847 10,486 840,638 17,458 13,371 9,279 846,286 16,888 14,616 11,523 847,965 9,470 5,609 709,665 5,489 4,907 10,836 10,725 7,027 710,970 7,171 6,445 11,949 12,716 5,671 724,706 5,800 4,906 11,188 10,682 4,899 728,418 4,799 3,918 11,686 10,614 6,130 729,962 6,223 5,476 12,036 11,963 61,315 112,015 784.8 58,409 133,727 653.8 61,953 112,522 1,054.0 29,721 108,851 ' 956.6 40,692 103,244 875.5 33,313 114,555 708.9 171 135 212 120 420 161 249 160 183 121 196 139 5,443 6,464 6,954 7,050 6,603 7,149 459.7 135.4 102.1 33.3 478.8 154.4 119.2 35.2 592.4 158.1 120.1 38.0 588.6 160.1 124.7 35.5 599.2 151.7 118.1 33.6 976 4,390 1,342 5,609 2,188 8,191 2,102 6,189 1,768 9,770 2,221 3,526 209.4 168.2 214.6 202.5 534.1 237.8 389.6 184.7 r29l.2 218.4 p322.7 p250.8 919.5 701.8 879.7 878.5 420.6 1,049.2 756.8 999.6 1,007.3 413.5 987.0 892.0 r949.5 939.0 442.0 .mi I. of do I.. do.... »do.... do.... .........do.... do.... Expenditures, totaI * interest on public debt Veterans' services and benefits......... Nat iona! secur ity All other expenditures TRANSPORTATION AND COMMUN!CATIONS Hotels: Average sale per occupied room. Rooms occupied Restaurant sales index CHEMICALS AND ALLIED PRODUCTS Organic chemicals, production: Acetic acid (synthetic and natural)...... Acet i c anhydr i de .. Acetyl sal icy I ic acid (aspirin) Creosote oil DDT... Ethyl acetate (85$) Ethylene glycol Formaldehyde (37£ HCHO)....... Methanol: Naturai (i00£)....... Synthetic (.100*) Phthal ic anhydride • * .• FOODSTUFFS DistiI led spirits: Product i on .thous. of tax ga i.. Consumption for beverage purposes.....thous. of wine gal.. Tax-paid withdrawals thous. of tax gai.. Stocks, end of month....... do.... Whisky: Production ..do.... Tax-pa id wi thdr awa Is do.... Stocks, end of month do.... Rectified spirits and wines, prod thous. of proof gal.. Whisky , do.... Corn, grindings, wet process thous. of bu.. Rice, Southern States (Ark., La., Tenn., T e x . ) : Receipts, rough, at mills • thous. of lb.. Shipments from mills, milled rice do.... Stocks, rough and cleaned (cleaned basis). mil. of lb.. Livestock: Shipments, feeder, to 9 corn-belt States: Cattle and calves .thous. of animals.. Sheep and lambs do.... METALS AND MANUFACTURES Pig iron, production ...... ..thous. of short tons. Steel forgings (for sale): Orders, unfilled, total do... Shipments, tota I .do... Drop and upset. .....do... Press and open hammer ......do... Furnaces, industrial, new orders, net: Electric processing thous. of dol. Fuel-fired (except for hot rolling steel)..... do... Machine tools (metal-cutting types): New orders m o . avg. shipments, 1945-47.100. Sh i pments do... PAPER AND PRINTING excluding building paper, newsprint, and paperboard (American Paper and Pulp Association): Orders, new thous. of short tons. Orders, unfilled, end of month do... Production... do... Shipments ..do... Stocks, end of uionth do... Pa pei rj Revised. j>/ Preliminary. r908.9 r885.2 r 1,034.1 r860.8 r39l.8 p888.0 p908.0 p 1,020.0 p86I.O p387.0 U Major national security expenditures; not entirely comparable with data for February and March 1955 MONTHLY BUSINESS STATISTICS — Continued 4 S955 1956 ITEM February March December February January March PAPER AND PRINTING - Continued. Paper, excluding building paper, newsprint, and paperboard - Continued F i ne paper : Orders, new.•••,..•....••••••••....thous. of short tons. Orders, unfilled, end of month. ... ...... ••••do... Product ion..••..•.«•••••••..•.•••.•••.••.••..•.••« .do.». Shipments.......• do... Stocks, end of month,,.,,,,,,,,, ,,.8-.do... Printing paper: Orders, new........................................do. Orders, unfilled, end of month........„„..•••••••..do. Product i on..............................•. do. Shipments..•.•.••..•...•••••••••••••..••.••..••••».do. Stocks, end of month.••••••••.•••••••••••as..••••••do. Coarse paper: Orders, new...•......•••.........•.....•....•...••.do. Orders, unfilled, end of month.....................do. Production............ .................do. Shipments.... ...do. Stocks, end of month......ae do. Newsprint, United States: Consumption by pub I ishers..••••••••••.•• ••••••••short tons. Stocks, end of month: At pub 11shers•••••••••••••••••••••••••••••••••••••.do... In transit to pub Iishers.99...................,as..do... TEXTILE PRODUCTS Men's apparel, cuttings: \J Tailored garments: Suits.... ....thous. of units. Overcoats and topcoats. do... Trousers (separate), dress and sport...............do... Shirts (woven fabrics), dress and sport.....thous. of doz. Work clothing: Dungarees and waistband overalls....... do... Shirts , •••....•.• *do... S24. 72, 116, 121, 107, 133.4 75.6 127.7 134.1 101.5 r 128.2 rlS3.2 r122.7 r123.9 r93.0 r!32.6 r 123.0 M3I.6 r133.0 r95.3 pl3I.O p!25.0 pl3S.O p129.0 p85.0 313.5 359.2 295.4 292.1 362.4 382.4 343.9 344.1 S53.8 153.6 r36l.7 r465.3 r330.2 r329.5 r152.3 r39l.4 r504.I r349.8 r346.9 M55.2 p368.0 p5!4.0 p360.0 p355.0 p!60.0 304.2 149.6 293.1 287.8 89.0 354,2 176.4 331.6 332.8 90.4 r3!6.9 r2S4,4 r309.4 r3J6.l r88.5 r326.8 r2!0.8 r333.6 r323.6 r94.0 p329.0 p220.0 p322.0 P3I9.0 p94.0 365,22! 438,895 419,218 402,259 397,757 446,125 412,197 87,686 383,069 82,644 360,974 97,378 359,955 III,973 366,076 107,170 366,282 103,927 1,816 288 4,944 1,876 2,065 335 5,940 2,225 1,945 335 5,160 1,890 1,876 272 5,280 1,924 1,860 288 r5,664 r2,060 2,275 425 6,000 388 300 435 415 335 390 328 380 416 350 450 760,590 916,396 20,983 19,428 10,347 517 9,633 147.2 20,888 19,350 12,562 503 11,740 142.8 408 Cotton: ±/ Consumption •••••.,.. • ••• • .bales. Spindle activity (cotton system spindles): Active spindles, last working day, total thousands. Consuming 100 percent cotton do... Spindle hours operated, all fibers, total....ml I. of hr. Average per working day , do... Consuming 100 percent cotton ..do... Operations as percent of capacity Rayon and acetate (filament yarn and staple): Shipments, domestic, producers': Filament yarn. mil. of lb. Staple (inc!. tow) * do 4 9 , Stocks, producers', end of month: Fi lament yarn,.... • do... Stap le ( i nc I. tow) do... P20,59i 893,238 855,447 746,996 20,954 19,429 10,046 58! 9,299 140.1 r20,90l 19,365 r, 12,404 496 11,485 138.5 20,988 19,440 5 1,848 474 10,992 l?3.3 20,990 19,399 10,315 516 9,577 146.6 67.9 33.0 83.9 39.1 70.8 31.2 78.0 35.9 r70.4 r33.6 66.3 33,8 50.4 25.8 44.3 22.2 52.2 34.2 49.0 34.2 46.1 r36.2 49.5 40.1 r/ Revised. j>/ Preliminary. J/ Data for March and December 1955 and March 1956 cover 5 weeks; other months, 4 weeks. /4f 2*?tf PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 UNiTED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS W A S H I N G T O N 25, D. C. O F F I C I A L BUSINESS FiRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS