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^MENTOfc

December 22, 1961

°

f

»USINE5S ^ ° ^

A WEEKLY SUPPLEMENT TO THE SURVEY O; CURRENT BUSINESS
Available

only with subscription "o *he '?\i?^cY
j

w»ekjv ~nd n c . i : V ,

OF C E R E N T B U ' J M E T Q

3r

* uO -.nruo^y, tnis Supplement provides selected

~l? ^ y l s s ^ u e ^ t to !hr<se fji <*«.:> £<•* f. <he latest rnomnly SURVEY

SELECTED iUSlNIS^ ^ £ ^ 7CRS
Index, 1957-59=100
200

Index, 1 9 5 7 - 5 9 - 1 0 0
200
Monthly

STEEL PRODUCTION (ingofc and-steel for eastings)
150

H 15©

100

^ 100

50

0

LA^J^-J^J^^

1959

1958
Billion Dollars
450
PERSONAL INCOME

J

S96I

i960

e

* U * >\ J J A S C fi D

Index, 1957 = 100
140

TOTAL INDUSTRIAL PRODUCTION *

(seasonally adjusted, oi annual rates)

(F. R. B. seas, a d j . Index)

400

120

^^ r.

s^r

350
100

Wage a n d Salary

w>

% te#^

500

\ ^
80

250
2 0 0

UU 1 I i I t i t .1 8 ' < I I J I 1 i i i i l I i i I 1 j J L u M- I 1 I M I I -1 I .1- I M i

, .

1958

1959

1960

60

1
- J U . U . . I L..LJLjLiJ_ JLdLlJJLljLLJLJLL-

1958

I96S

S959

1 JL-L..I... 1 L.LUJUL. 3 1 ! 1 t 1 ! 1 I 1 1 1

I960

1961

— June, July, and August 1958 include retroactive Federal saiary payments; March and July
1961 include accelerated and speciai Government insurance dividend paymei

Index, S 9 4 7 - 4 9 s f 0 0
160

Millions
2.5
» i ¥ A T E NONFARM. HOUSING STARTS"
£.0

140

1.5
120
1.0
100 h

i M I M I I I IJ

1958



1959

1960

1961

1958

M M l l i l i

1959

i

I. I I I I I I I I L l l l l l l l l l l l l l

1960

1961

2

WEEKLY BUSINESS STATISTICS
1961

I960
ITEM

Nov. 25

Dec. 17

Dec. 10

Dec. 9

Dec. 2

Dec. 16

COMMODITY PRICES, WHOLESALE:
*II9.5
*88.7
* 109.2

DEPARTMENT STORE SALES

.

thous..

State programs (50 States and, in 1961, Puerto Rico)..do....
FAILURES, INDUST. AND COMMERCIAL (DUN & BRADSTREET)...number..
FINANCE:
Federal Reserve bank credit outstanding, total 3/

do....

1 19. 1
87.8
108.7
127.7
84.6

82.8
296

* 127.9
81.8
305

82.7
185

83.5
238

469
2,588
2,386
360

490
2,763
2,557
351

316
2,278
1,755
238

347
2,314
1,796
356

295

306

32,722
28,594
18,916
700

33,038
28,778
18,932
710

33,351
30,465
19,895
598

33,504
30,510
19,939
719

33,578
30,631
19,765
544

33,938
30,780
19,766

108,724
29,787
31,773
12,817

109,863
30,064
32,009
12,838

62,644
29,790
117,263
33,867
32,044
13,338

63,906
29,771
117,327
33,932
32, 1 18
13,347

63,369
29,853
117,116
33,813
32,025
13,352

4.67
56,02
59.38

4.67
56.84
60.31

4.69
71,70
75.40

4.69
7L70
75.49

4.69
71.99
75.97

1,265
15,440
153,264
7,132

1,492
15,330
145,585
7,210

1,478
15,954
191,029
7,198

1,419
16,084
189,460
7,397

1,387
74.5
486
261

2,032
109.1
495
263

2,073
III.3
574
308

2,158
115.8
561
304

.do....

INITIAL UNEMPLOYMENT CLAIMS, State programs

1 18.8
86.9
108.2
127.5
84.3
298
359

593

Reporting member banks (of F.R. System) in leading cities:^/

Commercial and industrial

loans (gross)

do....

Stock prices, 500 stocks (Stand. & Poor's) 4/..*I941-43=10,.

4.71
72.53
76.60

PRODUCTION:
1,289
15,013 •
158,259
7,152
Index of production.......
FREIGHT CARLOADINGS, TOTAL

1,396
74.9
518
280

..1957-59-100..
....thous. cars..

J/ Data do not always cover calendar weeks. 2/ Tuesday prices,
cities are on revised basis. * Monthly index for D e c , I960.

MONTHLY

3/

Daily average.

192,789
2,200
1 18.1

47 Wednesday data; figures for member banks in leading

BUSINESS STATISTICS
1961

I960
ITEM
October
GENERAL BUSINESS

August

September

October

November

INDICATORS

NATIONAL INCOME:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
NATIONAL INCOME, TOTAL
bil. $..
Compensation of employees, total.......
do....
Wages and salaries, total
do....
Supplements to wages and salaries....
do....
Proprietors' income, total
do..-..
Business and professional.
...do....
Farm
.....do....
Rental income of persons
do....
Corp.profits and inventory valuation adj.,totaI..do....
Corporate profits before tax, total
do....
Corporate profits tax liability.
do....
Corporate profits after tax
do....
Inventory valuation adjustment....
do....
Net interest
....do....
PERSONAL INCOME, BY SOURCE:
SEASONALLY ADJUSTED, AT ANNUAL RATES:
Total personal income........
.............do....
Wage and salary disbursements, total...
....do....
Commod i ty-produc i ng t ndustr i es
do....
Manuf actur i ng on I y... „
do....
D i str i but i ve i ndustr ies
do....
Service industries
do....
Government..
do....
Other labor income
do....
Proprietors' income:
Business and professional...
.do....
Farm.
.do....
Rental income of persons. .„
do....
D i v i dends
do....
Personal interest income
do....
Transfer payments...
.do.. •.
Less personal contributions for social insurance.do....
Total nonagr icu Itural income.
do,...


r_l Revised. *Data are
5210


November

for 3d quarter

I960.

**45
**45
**22
**22.8
**.3
**I9!6

434.3
306.2
282.7
23.4
49.4
36.6
12.8
11.5
47.0
47.2
23.3
23.8
-.2
20.2

**426.0
**300.2
**277.3
**22
**49
**36
**I2

*4i9.
*296.
*273,

*22,
*48«
*36,
*I2,
*ll,
*44.
*43,
*21,
*2I.
*I8,

406.
272.
109.
86.
72.
41
49.6
II.I

406.0
271.5
108.3
85.4
72.0
41.5
49.7
11.2

419.4
282.8
112.9
89.0
74.2
43.6
52.1
11.2

421.1
284.0
112.9
88.8
74.7
44.0
52.4
11.2

r425.2
r286.4
rll4.l
r89.9
r74.8
r44.4
r53.1
11.4

429.0
288.8
115.5
91.2
74.6
44.7
54.0
11.5

36.
12,
1 I,
14,
26,
30,
9.
389.8

36.4
12.8
11.7
14.4
26.7
30.7
9.3
389.1

36.6
12.8
11.5
14.3
27.4
32.5
9.8
402.4

36.8
12.7
I I
14
27
32
9
404

37.0
rl3.5
11.5
14.5
27.7
r33. I
10.0
r407.2

37.2
14.2
II.
14,
27.
33,
10,
410,

**Data are for 2d quarter 1961.

MONTHLY BUSINESS STATISTICS — Continued

3

1960

(961

ITEM
October
GENERAL BUSINESS

November

August

September

October

November

INDICATORS—Continued

INDUSTRIAL PRODUCTION ( F . R . INDEX OF QUANTITY OUTPUT):
UNADJUSTED, TOTAL INDEX (INCLUDING U T I L I T I E S )
1957=100..
BY INDUSTRY:

109

106

III

110
103
119
98

106
100
114
97
110
114
117
114
100
102
95

..do....

114
120
123
120
102
105
99
112

UTIL.)..... ..do....

106

..do....

..do....

113

116

II 1
102
123
99

113
106
r 121
r99

rll6
r I 10
125
101

pl!6
pill
pl22
p99

113
119
97
126
102
110
103
r 1 17

116
121
I 14
rl23
105
110
104
117

r l 19
126
126
126
rl06
113
108
119

p i 18
p!23
pl30
pI2l
pl08
p i 12
pl08
p i 18

105

113

rill

106
101
78
105
102

104
98
74
101
102

113
108
98
III
109

111
rl05
99
105
108

113
rl07
96
rl09
r!09

p 114pl09
p97
pill
pliO

102
119
109
100
117

97
119
107
95
117

103
122
114
109
123

95
121
112
rl07
rl23

r!02
rl2l
III
103
ri23

p 1.0.8
p i 22
p i 12

113
104
122
101
112
113

112
102
123
99
110
114

120
1 16
130
103
123
114

119
117
125
100
rl22
114

120
118
130

121
109

132
115
123
114
119

p 1 15

BY MARKET GROUPING:

..do....
..do....
..do....
Durab 1 e goods m a t e r i a 1 s

,

SEASONALLY ADJUSTED, TOTAL INDEX ( I N C L .
BY INDUSTRY:
MANUFACTURING, TOTAL

.

..do....

Lumber and p r o d u c t s , . . , . , , , , . . . .
Nondurab l e m a n u f a c t u r e s .

..do....
..do....
..do....
do

p 1 14-

pl27
pl2l

121
r 1 14-

pll5

r 131
r l 10
120
114
117

132
113

p!12

..do....

II 1
115

..do....
..do....

97
81
99
88
124
125

98
77
101
95
123
124

99
81
102
90
135
135

r97
82
r99
r94
rl36
136

99
84
101
95
rl37

plOO
p85
pl02

110
114
115
114
103
103
97
109

109
113
III
113
102
101
94
109

115
120
118
120
105
III
106
117

113
r 1 16
r 1 18
106
109
104
r 115

r 115
119
116
r!20
rl08
III
rl05
116

pll7
pl2i
p!23
pl2l
pl09
pill
p!06
p i 17

14.7

14.1

14.7

15.1

r 16. 1

15.8

14.1

13.8

15.1

15.0

15.3

15.8

..do....

13.8

13.6

15.1

rl5.3

r 16.1

15.8

..do....

13.7

13.6

15.6

rl5.8

r 16.1

16.2

..do....

43.8

43.2

44.1

r44.3

r44.3

44.3

1947- 4 9 = 1 0 0 . .

119.6

1 19.6

118.9

118.8

118.7

1 18.8

and components . . d o . . . .

93.3
126.6
122.4

93.0
126.5
122.7

94.8
125.5
121.4

93.8
125.7
121.3

r93.7
125.4
121.3

93.3
125.8
121.4

89.5
109.2
73.5
80.7

89.9
107.5
70.3
81.8

88.6
97.3
78.1
80.3

87.2
94.9
78.0
77.6

87.1
r94.5
77.9
76.9

87.5
95.4
79.3
76.9

109.0
123.1
121.3
108.8
97.8

109,!
123, I
121.7
109.4
96.6

108. 1
123.9
121.0
107.4
94.8

108,1
124.3
121.9
107.3
94.3

108.3
125.1
123.6
r108.0
r93.7

107.9
125.2
123.8
108.1
92.7

i

UTILITIES
BY MARKET GROUPING:
FINAL PRODUCTS, TOTAL

..do....

..do....
..do....
..do....

MATER 1ALS

MANUFACTURERS1 SALES: J /
Value ( u n a d j u s t e d ) :
bil.
Value ( s e a s o n a l l y

113

120
108
109
109
117

no
MINING...

no

$..

no

115

pl37

adjusted):
..do....

MANUFACTURERS' ORDERS: J /
New o r d e r s , n e t ( u n a d j u s t e d ) :
New o r d e r s , n e t ( s e a s o n a l l y

adjusted):

U n f i l l e d o r d e r s , end o f month

(unadjusted):

COMMODITY PRICES
WHOLESALE PRICE INDEX:
ALL COMMOD1T1ES
By s t a g e o f p r o c e s s i n g :
Intermediate materials,

supplies,

..do,...
Frv-iH?

nrrx-OQQfsH .

..do....
D a i r y p r o d u c t s and i c e cream
..do....
F r u i t s and v e g e t a b l e s , canned and f r o z e n . . . . . . . . . . d o

Revised. £_/ Preliminary, jy Data for November 1961 are advance estimates.
Digitized forr/
FRASER
5210


MONTHLY BUSINESS STATISTICS-— Continued

4

1960

1961

I TEH
October

August

November

September

October

Movember

COMMOD i TY PR I C E S ~ C o n t 1 nued
WHOLESALE PRICE INDEX—Continued
A I I commod 111 e s — c o n t S nued
Commodities other than farm products and foods
1947 -49=100,,
sa s d o » 3 3 Fuel and related products, and power *„.... *.,.•» ..•do....
Furniture,, other household durab les..«,,.«• ..«.<>0.«,do,ffls<>
=, s <,dos aae

•

! 13.1

127.5
I08oi
S!3,7
122,2
113.5

!27 s 3
108.0
M3.0
!22 a 2
rl!4.I

127 s 5
107.9
M4.0
S22 s 3
M3.7

1.15.9
152.7
I53 e 6
138,5

115,7
152.7
153.7
138,5

114.7
152,8
r153.2
138.9

i 14.7
152,9
138.6

133.1
!43 s 6
95,4
132,0

I26 a 3
139.4
94s 2
132,8

I29ffi5
139.6
94.4
133.4

130*4
!39 e 4
94,7
133,4

I29 e 9
I38 s 4
94s 8
133.5

83,6

83.6

84 C I

84,2

8402

*84e?

,.thous..
doas„

113.2
110.4

94,5
92.8

130.1
127.0

r128.2
r122.4

r128*5
r123*8

105.4
102.5

Total nonfarm (public and private)«......,«...«.. ...do....

MO. i
107.3

93 s 5
91.8

127.3
124,2

rI26 e 5
r120,7

r126,0
r 121.3

I03 o 8
I00 a 9

1,273
i/237

1,220
1,206

S, 326
l,30i

r1,383
r1,365

r1,432
r1,402

1,350
! s 328

921,5
175.6
330. S
10,9

387,6
104,5
S36 a 0
2e9

372.9
.85.3
133.5
2.9

2,008.8
I89 e 3
1,277.0
S07.7

987 A

40i e 4
114. 1
135 8 0
3e5

202,3
113. i
2080
57 s 8
11.7

2.1
109 8 6
1.4
2390
8e!

!e8
114.8

2360
7.5

96,9
191.2
57 s 9
59 s 8
29s0

235.4
M8.4
19.1
56 e 8
8.4

69,485
62,252
7,233

68,27 I
61,410
6,862

78,965
71,486
7,479

74,466
67,297
7, 169

74,471
66,848
7,623

,,.do,,,,
„,.do,,.,
-..do 9 ,, 9
o88do0,«„

Pu 1 p, paper, and a i , 1 eel pr duets..,.»..«.:;., ....do....
,. „
Textile products and apparel e s « O o«o»oo a <.* »><» *e ^ «,do 0 ...
Tobacco products and bottled beverages.*„.
. ,-do o o o a ,
PURCHASING POWER OF T H E DOLLAR AS MEASURED B Y e-a s d O a

128,0
MO. 1
I 16.2
122,7

127.4
i08 o 4
! 14.4
122.1

108.5

127,9
110.1
i!6. 1
!22 e 6
108,5

S 17.7
152,9
!52 e 8
138.1

M6.9
153 s 0
152.3
!37 e 9

133,4
144,7
95,8
132.0

CONSTRUCTION A N D REAL ESTATE
NEW HOUSING UNITS' STARTED;
Unadjusted;
oaB

Seasonally adjusted at annual ratess
Tota 1, i nc I, farm C pr 1 vate only), a , 0 . 5 ... l ,e.o.». 1:,a , d o i e 4 8
o s d O s . «,.

!
\

FINANCE
STOCKSi

CASH DIVIDEND PAYMENTS PUBLICLY REPORTED:
TOTAL DIVIDEND P A Y N E N T S B S S a .SffloSi5. saee.ss ... es. „.. .mi 1. $..
•••do....
aeadossee
Mi
riing..................••.•*..,..,.•.....»....• B «»do-.«.
Public utllitiess
Commuri i cat 1 onsess,*SB.**3s<9(3ss
Electric and gas aea ,•••••.... e e e do« f f l a e
eo e d o a e e 8
effl e d o s eee
o e e do a s e 6

1

4.1

182,4
350.0
16.9-

294
114.6
Ss5
22e8

7e5

ELECTRIC POWER
PRODUCTlOH f TOTAL.. » , 9 8 9 8 9 o » . 4 S 5 » , » s e . . e 9 o . 6 J ! ! 8 kw.-hr..
E1ectrIc'ut1!ItIes
.-.do....

1

rj Revised a *Index based on 1935-39=100 Is 4 4 . 1 ,
USC0MM-r-DC~5210

•PENALTY FOR PftiVATE USE TO A V O I D
PAYMENT OF POSTAGE, $300

U N I T E D STATES
G O V E R N M E N T P R I N T I N G OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON 25, D. C.
OFFICIAL BUSINESS

FIRST C L A S S

WEEKLY SUPPLEMENT

OF CURRENT
Digitized forSURVEY
FRASER


BUSINESS