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August 29, 1958
STATISTICS
BUSINESS
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
Billion Dollars
100
Billion Dollars
100
TOTAL LOANS A N D INVESTMENTS
Average of Wednesday data
Wednesday
data
(Federal Reserve Weekly (Reporting Member Banks)
9S
30
A
8S
/
1957
.^i^j—i^j^LJ^™^^
J F M A M J J A S O N O
7 5
!nd®Ks 1 9 4 7 - 4 9 = 100
I n d e x , 1 9 4 7 - 4 9 = SOO
178
175
STEEL PRODUCTION (Ingots and steel for castings)
Weekly
Monthly
k/<*
1957
150
150
125
S25
I
JLJ_a_JL_J_J-J-J_X™L_J-
S955
1956
Index, 1 9 4 7 - 4 9 = SOO
S25'
S958
1957
1958 f l
/
NT.
J•iF \M \A IM Ji lJ l A S\ O\ N\ O
Index, 1 9 4 7 - 4 9 = 100
120
COTTON CONSUMPTION
CONSUMER PRICES
(daily average; seas, adj.)
no
120
X
___^^f\*
SOO
M5
910
Food
1 0 5 y ' ' • » I • u i i 111 ' ' » 8 f " ' ' ' " ' ' • ! • ' ' ' ' ' ' •' ' ' ' ' ' ' ' '
1958
1955
1956
1957
90
30
>s^
-
A
\J\f\
\
pv
1 1 1 M 1 1 1 1 1 1 - U - L U J j J L J L L L -LL.L1 1 1t i l l I, 1 J 11.1 1 1 M i l l
100
75
WEEKLY BUSINESS STATISTICS1
2
1957
ITEM
August 17
1958
August 24
August 2
August 9
August 16
August 2 3
87.2
114
••2,531
2,309
271
119.2
93.6
ill.9
126.1
87.6
120
••2,464
2,250
v
290
119.0
93.2
II 1.2
126.0
87.1
124
118.8
93.0
110.7
125.9
86.5
262
272
31,295
26,665
18,648
Commodity prices, wholesale:
I947-49»I00..
do....
89.7
122
1,237
1,140
222
•118.4
•93.0
•106.8
* 126.0
88.8 i
130
1,217
1,120
260
Finance:
Federal Reserve bank credit outstanding, total 3/.....do....
31,069
25,102
18,786
591
31,055
25,211
18,806
552
31,086
26,005
18,462
634
31,170
26,212
18,296
560
31,291
26,685
18,760
691
54,683
23,614
85,868
24,646
31,965
8,685
54,482
23,610
86,973
25,303
32,217
8,682
56,647
28,398
93,512
32,002
29,545
8,970
55,763
28,458
95,466
34,172
29,597
8,967
55,584
28,446
94,890
33,665
29,677
9,019
4.36
45.73
49.38
4.38
45.49
49.10
4.06
47.09
50.26
4.11
47.46
50.70
4.16
47.81
51.12.
1,595
12,409
137,599
6,837
1,653
12,023
143,621
6,789
1,283
12,619
79,122
6,545
1,328
12,707
81,055
6,836
1,352
12,851
72,653
6,839
2,062
#80.6
751
356
2,101
#82.1
759
367
1,561
57.8
622
293
1,586
58.8
619
294
1,632
60.5
626
299
619
Federal Reserve reporting member banks in leading cities: 4/
Time deposits, except U. S. Government.,
Loans and investments (adjusted), total.
do....
Commercial, industrial, and agr. loans• (gross)....do..,.
.......do....
Bond yields, domestic corporate (Moody's)
Stock prices, 500 stocks (Stand. & Poor's) 4/...I94I-43-10..
do....
Production:
s. of short tons..
Steel 1/.....
•.....•......•••thou s. of short tons..
do
4.20
47.32
50.59
34,601
1,690
62.6
±/ Data do not always cover calendar weeks. 2 / Tuesday prices. 3/ Daily average. 4/ Wednesday data. 5/ Week beginning August 25, 1958:
Production, 1,717 thous. short tons; operating rate, 63.6 percent. • Monthly Index for August 1957. •* Excludes 583,000 and 615,000 insured unemployed reported under temporary programs (TUC) for August 2 and August 9, respectively. # Based on January I, 1957, annual capacity (133,459,150 tons); not comparable with 1958 rates which are based on January I, 1958, annual capacity (140,742,570 tons).
MONTHLY BUSINESS STATISTICS
1957
1958
ITEM
June
April
July
May
June
July
COMMODITY PRICES
Consumer price index:
All items...
••••••*••••
....... 1947-49*100..
r OOQ.«««............«...«.»..«e.»e«e0e«ee»ee««eee9«e«GO.« . .
M e d 1 C a 1 C a r e . » . . . . « . . . . . . . . . . . . . e e e e e e e o e e e . e e o s e e e e CIO e e e e.
120.2
106.6
116.2
110.0
126.8
106.9
120.8
106.5
117.4
110.5
126.9
109.5
123.5
106.7
121.6
112.5
136.6
115.9
123.6
106.7
121.6
lli.8
137.4
116.6
123.7
106.7
121.6
111.7
134.3
118.3
•123.9
106.7
121.7
112.4
131.9
119.2
125.5
112.3
104.6
135.0
125.5
112.3
104.1
135.2
127.7
116.0
104.0
137.3
127.8
116.5
104.0
137.5
127.8
116.9
104.1
137.7
127.7
117.0
104.0
137.8
137.9
124.2
II 1.8
138.4
124.7
112.4
142.7
128.5
117.0
143.7
128.5
116.6
143.9
128.6
116.7
144.6
128.9
116.6
135.3
125.4
176.8
124.6
135.8
125.6
180.2
126.6
138.3
127.6
186. 1
127.2
138.7
128.0
186.1
127.2
138.9
128.0
187.7
127.2
140.3
129.3
189.5
127.2
85.2
83.2
84.6
82.8
83.8
81.0
83.7
80.9
••r83.9
80.8
••83.9
••80.7
6.025
25.00
6.210
22.50
5.990
34.00
5.975
33.50
6.270
31.00
p6.025
p3l.00
76.073
75.045
68.530
r75.950
r75. 149
r68.530
p75.950
p75.284
D68.030
66.000
66.500
66.000
66.500
P66.000
p66.50O
|
Purchasing power of .the dollar as measured b y —
Wholesale prices of selected commodities:
Wheat flour, short patents (Minn.)...dol. per 100 lb. sack..
Lumber:
Douglas fir, const., dried, 2 " x 4",R.L..dol.per M bd.ft..
Southern pine, boards, No. 2 , 1" x 6", R.L..........do....
Ponderosa pine, boards, No. 3, common, 1" x 8"......do..«.
Pig iron:
80.176
77.183
74.120
80.770
77.272
72.370 1
75.589
74.496
64.500
65.000
64.500
66.500 1
66.000
67.930
66.500
r/ Revised. £/ Preliminary. • Index based on 1935-39=100 is 207.2. »» Indexes based on I935-39«I00 are as follows: Measured bywholesale prices, 43.9 (July); 43.9 (June, revised); consumer prices, 48.3.
9070
MONTHLY BUSINESS STATISTICS—Continued
3
1957
ITEM
June
COMMODITY PRICES
Wholesale prices of selected commodities - Corvlhinued
Stee1:
Steel bl1 lets, rerolling, carbon, f.o.b. ra II
dol. per short ton..
Structural shapes (carbon), f.o.b. mill...
Scrap, No. 1, heavy melting (Pittsburgh) J.f
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..
1958
July
Apr i1
1
May
June
|
July
89.00
.0567
92.50
.0594
92.50
.0594
92.50
.0594
92.50
.0594
p92.50
P.0594
56.500
55.500
*34.000
32.000
36.000
p36.000
5.601
7.166
5.599
7.282
5.449
7.182
5.449
7. 154
r5.443
7.122
P5.368
P7.244
61,899
3,235
5,967
2,858
6,629
7,488
42,969
884
3,888
1,417
5,836
6,594
69,727
5,424
6,505
3,372
6,241
7,517
66,070
5,033
5,861
3,894
6,618
6,713
58,303
2,859
5,201
3,171
7,231
7,939 j
39,145
3,080
3,972
2,138
5,855
1,244
1,722
2,623
1,651
1,087
4,118
664
1,425
3,475
4,143
4,914
1,226
2,051
3,215
3,614
2,926
5,042
1,003
1,786
3,444
2,795
1,966
4,011
674
2,026
2,507
1,622
756
2,686
521
1,610
12,819
11,688
58
4,071
6,722
589
1,378
3,734
3,057
70
1,316
541
366
1,441
6,039
3,496
68
3,584
476
722
1,189
7,334
4,925
63
4,253
449
1,293
1,276
pi 1,905
p!0,75l
p66
p3,665
p5,906
p8!8
pl,45l
3,624
2,946
6,279
641
5,637
6,347
659
5,688
6,122
613
5,508
5,846
595
5,250
p6,58l
p6l9
p5,962
6,613
5,584
1,315
571
3,698
5,385
1,106 [
540
3,739
5,565
1,024
544
3,997
5,462
999
595
3,868
5,162
780
559
3,823
5,196
DOMESTIC TRADE
Magazine advertising:
>thous. of dol..
,...
do....
do....
do....
,
...do....
,..
1ndustrta 1 raater!alse«,«»«««,,««,«»«9««««9 »«.»
do....
«..«..GO©...
....do....
3,568 1
770
3,741
1,625
5,820
5,777
FINANCE
Federal Government finance:
do....
do....
...do....
do....
do
72
1,453
479
355
1,265
642
5,971
Life insurance written (new paid-for insurance):
do....
635
530,
4,033
TRANSPORTAT1ON AND COMMUN1CAT1ONS
Operations on scheduled airlines:
....
do....
59,655
22,396
7,628
3,707
2,333
62,058
21,969
7,552
3,525
2,253
58,835
21,064
8,694
3,340
2,028
60,356
22,614
8,622
3,275
1,963
62,151
22,660
8,038
3,575
2,280
46,982
67,377
1,223
9,603
45,643
67,140
943
9,171
40,791
67,258
1,910
8,509
44,279
76,586
1,759
8,634
47,906
89,871
1,695
9,354
11,023
8,151
98,789
100,606
11,058
8,038
106,183
93,383
11,351
3,879
84,730
98,319
12,185
5,764
89,542
103,721
12,173
6,287
88,210
108,888
187
14, 108
30,519
186
16,692
27,400
180
16,430
24,090
195 !
19,162
23,904
4,094
7,794
270
468
35,561
43,309
2,872
6,621
233
341
32,607
38,889
3,752
6,452
229
775
29,403
48,359
22,268
68,327
32.120
11,000
8,178 i
56,074
14,900
18,057
63,272
27.858 I
9,149
7,209
55,357
14,428 1
22,237
54,436
27,914 1
10,117
9,966
66,313
15,313 1
CHEMICALS AND ALLIED PRODUCTS
Organic chemicals, production:
...do....
..
do....
.thous. of gal..
DDT,••••••••••••••••••••••••••
••••...•«
Ethyl acetate (85jO...••••••••*•••••••••.•••••••••••••do....
..........do....
••••do....
Formaldehyde (31% HCHO)•••.•••••••••••••••••
Methanol:
Natural (I00£).
•••••«••••••.••••• •thous. of gal..
Synthetic (I00£)...•••••••••«•••••••••••••..........do....
Phtha1ic anhydride.•••••••.•...•....•..•..«...thotis. of lb.^
Synthetic plastics and resin materials, production:
Cellulose acetate and mixed ester plastics:
Molding and extrusion materials
..........GO....
••••••••••do....
do....
••••••••••do....
do
A1kyd resinssssess**e***s«9***«*«®«*»e***««* » 9 9 « « S » « « «
QO.a,a »
do
1
175
16,092
23,426
**r3,637
**r6,874
246
••4,043
**6,I76
231
**
**
r30,249
48,515
31,176
47,513
r23,2l5
r56,785
28,099 1
11,056
10,868
70,963
15,834 1
21,049
57,749
29,677
9,238
10,743
68,068
15,343
r/ Revised. £./ Preliminary. ±/ Quotations beginning 1958 not strictly comparable with earlier years. * Nominal. ** Effective May 1958,
daTa for "other cellulose plastics" are combined with sheets, etc., and molding and extrusion materials.
9070
MONTHLY BUSINESS STATISTICS — Continued
4
1958
1957
ITEH
June
July
April
Nay
June
July
HETALS AND MANUFACTURES
short tons, a
6,659
6,692 |
3,827
4,074
4,423
4,304
Radiators and convectors, cast irons
» of sq, ft,.
*f,723
^4,887
** 1,507
»5,435
1,361
4,807
1,135
5,403
54,445
73,228
51,299
64,102
33,073
52,440
r40,840
49,881
48,389
52,485
146,449
136,036
5,656
161,121
106,523
31,924
133,939
124,151
5,880
228,241
141,644
55,911
140,666
133,541
4,361
100,038
6!,2!4
27,192
r!38,6!4
129,163
r6,527
r97,378
r63,702
r2l,30l
142,554
133,660
5,246
141,639
94,886
29,419
84,651
56,579
25,527'
2 545
*232l705
85,681
57,773
24,450
3,458 !
»228,198
71,992
50,808
19,314
1,870
218,673
r79,758
r56,373
21,802
S,583
205,764
98,60®
69,800
26,044
2,764
S,487
2,404
879
2,248
709
-488
979
1,344
1,217
3,578
01S burnersi
____do„._
Stoves and ranges, domestic cooking, excluding electrical %
Gas CIncluding bungalow and combination)®®®«« ) • « • « < • Q O © # e ©
Kerosene, gasoline, and fuel ©1 l«• •••• ea ^«,®© e<B « © , a , 9 0 0 ® @ , ©
Stoves, domestic heating, shipments, t o t a l * * & 0 @ » @ i©ceased©,©,®
• ©e©©3,QO,«o©
Kerosene, gasoline, and fuel oi!••••••••••••••• > • • # « • ® G O o
© e©
Warm™air furnaces, shi patents, total,,,© «*.<»•«®«@99 » « 9 © <j! @ «8 Q ©
8 » «
»•® a © , , 0 O , s o ?
• • » • • • • • • • • • . • • • • • • • • • • • • • • • • • • • • • • • • • • • •!•<«««*GO©
<«iMSJHliSSM>s#08>@S#****,S0,MS9,B@@e@*@@S@*#e#<*@S<*
0©0
»® « e @ © ® U © , © o o
Furnaces, industrial, new orders, nets
308® ©f dol @ 9
1,261
1,320
nil* ©f d©l**
52,80
49.20
106,95
'94*55
4^0
62ffl65 i
56*90
8f e 45
73.10
4.0
28*30
20„85
50,90
44.20
2e6
28.05
23ft85
50,10
41.70
2e5
r32.IO
r24930
r45®50
r38,90
p26*90
p22»20
p29,65
p24,50
" p2,7
532e0
548#5
199.6
549«2 !
578.8
169.9
522.6
532,7
2358 S
548^0
561.4
221,8
482.5
480*6
223*6
508,4
523*2
208.8
433*9
159,1
156*8
373.5 !
144«4 !
143.1
423*3
"148*6
149.2
438,0
14960
146e7
409 ,2
141,8
138.6
364«5
134,9
137.8
11*9
585.6
101,8
13,2
653*4
!0!e5
I690
588.4
!06ffi5
18.3
588.3
94*9
21,5
59298
75,0
18*6
620,2
77*9
648,964
639,776
729,546
599,690
595,648
613,511
18,991
17,443
8,303
415
7,637
19,23©
17,501
8,791
352
8,048
A p r i l 1957®
* » Hay
Fuel-fired (except for hot rolling steel),,*,.*
Machine tools {metal-cutting and metal-forming):
» « © « » # ® G O , © »©
Shipraents, tote!tt«g«»i)»««««»»«t«»t«9»i«»090»«» SB « © © « • G O ,
® <S> @
PAPER AND PRINTING
Newsprint, Canada (Including Newfound land):
ProdWCt f OfU © » « «» » « ® ® • •«•« • • • « • 9 » • ® « • © • »thOUS, Ofshort tons««
ShipwdRTs Trow ml1 is#« a9(S , 0 »®@#®«»®®#»®©®®®®*@®© •••••••do,,,.
Newsprint, United Statesi
Consumption by pubiishers,,,,*,•••••••«•••••*•• s> • e • • a • 0 @ #
©©,
»a » o • • a G O , © , ,
Stocks, end ©f month:
® © • © ® , , G O » « »•
At puDi ssliers#©«.©@0®»®«»«a,«»®a@®®«@«0®®®$®@»3>
TEXTILE PRODUCTS
Cottons 1 /
Manufactures?
Spindle activity Ccotton system spindles)s
19,210
19,760
19,208
S9,738
,,thousands,,
17,625
18,072
17,602
18,167
cotton^a©*,*,©a®®©®
8,154
9,323
10,221
9,042
all fibers, total,. •mi 1* ©f hr&0
408
373 i
409
452
dey,,,•«••••••••••• • • © « * © • G O l o o s
7,503
8,479 |
9,451
8,350
cotton,••••••«»»«•• « « » « « « « G O ts • a «
p./ Preliminary® J / Data for July 1957 and A p r i l and July 1958 cover 5 weeks; other months, 4 weeks®
Consuming S00 percent
Spindle hours operated,
Average per working
Consuming 100 percent
r / Revised*
1957*
*
U$C©!#f«DC-9©7©
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
OFFICIAL
FIRST CLASS
WEEKLY SUPPLEMENT
SURVEY OF CURRENT BUSINESS
PENALTY FOR PRIVATE USE TO A V O I D
PAYMENT OF POSTAGE, $300
@FedFRASER