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^W|NTOfc December 23, 1960 BUSINESS ° f COSINESS " c STATISTICS °' 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 t o those published in t h e latest monthly SURVEY SELECTED BUS1MESS INDICATORS Billion Dollars 5 30 TOTAL LOANS A N D INVESTMENTS Billion Dollars 130 (average of Wednesday data) (Wednesday data) (Weekly Reporting Member Banks of Federal Reserve System) 120 HI 120 i 10 S 10 1960 100 100 90 90 80 J 4 - - i ~ J - - ^ ^ ^ ^ 1957 I 1958 • « ' » ,J-J-J.-JLJL~X-J—L. i S959 Billion Dollars 450 PERSONAL INCOME JL-JLJ LJL_1_-JLJL _J_J^J J F M A M J J A S O N D 1960 index, 1957= S00 140 TOTAL INDUSTRIAL PRODUCTION * (F. R. B. seas. adj. index) 400 (seasonally adjusted, at annual rates) 120 Total _ 350 100 300 80 250 * Revised basis 200 U p j J j d O J J U - l J - L X J . J I ) UJ-JJULULLI I 1 M t M I I LLJ^U-LJOJ-.L 1957 -' S95B S959 60 I960 vJjSvUJL Data for June, July, a n d August include retroactive salary payments .1958 Index, 1947-49= 100 Index, 1947-49 = 100 160 120 WHOLESALE PRICES xgjgjJjLL.Lia Jjjjajjsii 1957 S959 I960 FREIGHT CARLOADINGS * (seasonally adjusted) 140 farm Products and Foods ***** 100 \A 120 All Com modifies ^ 80 Farm Producfs 100 . * * > - * . n^°%o^ JrG 80 _l_l.l_l ! 1 M I I 1J_JJJJJJJ_LLL M i l l 1 1 1 1 J1J 1J J j J j J J L U J 6 0 JJJUJ±LLLLL 1957 W \JVj / 1 * Average per working day 1 J I l I 1 i i i i -LLLU i LLI.LJL.LL JJJJ^JjLLLJJJ 1958 1959 1960 80 WEEKLY BUSINESS STATISTICS1 2 1959 I960 ITEM Dec. 12 Dec. 19 Nov. 26 Dec. 10 Dec. 3 Dec. 17 Commodity prices, wholesale; ...1947-49=100.. do.... State programs Unci. Alaska and Hawaii).... 84.6 298 1,894 1,735 248 *II8.9 •85.4 •104.9 •128.5 83.8 318 1,857 1,701 285 119.6 90.3 108.9 127.8 83.0 172 2,424 2,223 276 119.6 89.7 109.2 127.8 83.3 231 2,514 2,311 290 119.5 89.1 109.1 127,9 82.8 296 119.5 88.6 109.2 127.9 81.8 360 351 32,601 29,153 18,797 515 32,798 29,365 18,872 443 32,532 29,542 18,755 602 32,638 29,026 19,683 1,201 32,722 28,594 18,917 701 33,038 28,778 18,957 61,837 30,193 103,980 27,995 30,034 12,596 63,446 30,230 105,330 27,783 30,423 12,651 59,224 32,377 106,925 29,011 31,702 12,530 59,762 32,483 107,328 29,312 31,749 12,524 59,967 32,593 107,389 29,407 31,540 12,504 4.85 58.97 63.45 4.88 58.97 63.44 4.65 55.80 59.17 4.66 55.54 58.87 4.67 56.02 59.38 1,556 14,167 99,466 7,123 1,595 14,150 174,662 7,139 1,278 13,500 128,460 6,992 1,221 14,368 158,733 6,984 1,259 14,604 158,235 7,152 2,732 #96.5 643 334 2,726 #96.3 615 324 1,367 48.0 471 256 1,393 48.9 523 286 1,396 49.0 518 280 Finance: Federal Reserve bank credit outstanding, total .4/.....do.... 716 Reporting member banks (of F.R.System) in leading cities; 5/ ..... do.... Loans and investments (adjusted), total... ...do.... Commercial and industrial loans (gross). ..*••••.«« uO.... do Stock prices, 500 stocks (Stand. L Poor's) .5/...1941-43^10.. 4.67 56.84 60.31 Production: of short tons., nl 1. of kw.-hr.. .thous. of bbl.. of short tons.. fhous. of cars.. do 154,288 1 387 48.7 1/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Includes data for Alaska and Hawaii, and for the following programs: State; R^R.; Federal employees; and ex-servicemen. 4/ Daily average. j>/ Wednesday data. 1/ Estimates for week beginning Dec. 19, I960: Production, 1,335 thous. short tons; operating rate, 46.9 percent. * Monthly index for Nov. 1959. # Based on Jan. I, 1959, annual capacity (147,633,670 tons); I960 rates are based on Jan. I, I960, annual capacity (148,570,970 tons). MONTHLY BUSINESS STATISTICS 1959 I960 ITEM October November August September October November GENERAL BUSINESS INDICATORS NATIONAL INCOME: SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES: NATIONAL INCOME, TOTAL... ....bil. of dol. Compensation of employees, total•••.•...•••••...•do... Wages and salaries, total......................do... Supplements to wages and salaries..............do... Proprietors1 income, total........«> do... Business and professional ...do.., Farm............*..............................do... Rental income of persons.........................do... Corp. profits and inventory valuation adj.,total.do.,. Corporate profits before tax, total............do.... Corporate profits tax IiabiIity..............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. Commodity-producting industries. do. Manufacturing only............... do. DI str i but i ve i ndustr ies.... .....do. Serv Ice i ndustr ies.. •• do. GoveVnment .do. Other labor income...... do. Propr ietors * i ncome: Business and professional...... .do. Farm..................^....... do. Rental income of persons.... •••••do. D i vidends. .do. Personal interest income .........do. Transfer payments ••••• do. Less personal contributions for social insurance.do. Total nonagricultural income do. 419.3 297.2 274.9 22.3 48.3 36.1 12.2 12.5 42.2 41.5 20.3 21.3 .7 19.1 384.3 258.6 105.6 83.5 68.8 38.5 45.7 10.4 388.7 260.8 107.0 84.5 69.1 38.8 46.0 10.5 408.2 275.1 111.5 87.7 72.9 41.6 49.0 11.2 408.8 275.0 I 11.2 87.5 72.7 41.9 49.2 11.2 r409.5 r274.8 r110.9 r87.2 r72.5 42.0 r49.4 11.3 409.5 274.4 110.1 86.5 72.6 42.2 49.5 11.3 35.0 10.1 12.5 13.8 24.2 27.4 7.9 370.3 35.1 11.2 12.5 13.8 24.5 28.2 7.9 373.5 36.1 12.2 12.5 14.0 27.4 29.1 9.4 391.8 36.1 12.2 12.5 14.0 27.5 29.7 9.3 392.4 r36, r!2, 12. r!4, 27. 30. 9. r393, 36.0 12.4 12.5 14.1 27.6 30.4 9.2 393.0 -/ Revised. • Data are for 3d quarter 1959. ** Data are for 2d quarter I960. ••419.4 ••295.0 ••273.1 ••21 ••48 ••36 ••12 ••12 ••45 ••45.7 ••22.3 ••23.4 ••-.4 ••18.5 *399.4 •279.5 •259.7 •19.8 •46.1 *35.0 •II.I •12.4 •44.9 •45.3 •22.3 •22.9 •-.4 •16.5 MONTHLY BUSINESS STATISTICS —Continued 1959 3 i960 ITEM October November September August October GENERAL BUSINESS INDICATORS - Continued FARM INCOME AND MARKETINGS: Cash receipts from farming, Including Government payments, total.....,.,,.,,....,.,.••.. ••••••..mil. of do I Farm marketings and CCC loans, total... .......do.. Crops........ •••••*••••• ••••....••.... do.. Livestock and products, total...., .....do.. Dairy products•••.•••• ,,. ..do.. Meat animals. •••••••.. •••.••••• do.. Poultry and eggs................................do.. Indexes of cash receipts from marketings and CCC loans: \J All commodities...... 1947-49=100 Crops. ••••••••••.,••• .do.. Livestock and products........,,,.. ,,,do.. Indexes of volume of farm marketings: J/ A11 commodities.... do.., Crops. •••...•••....• do.., Livestock and products..... ...............do.., INDUSTRIAL PRODUCTION (F.R. INDEX OF PHYSICAL VOLUME): SEASONALLY ADJUSTED, TOTAL INDEX (INCL. UTIL.).... 1957=100, BY INDUSTRY: MANUFACTURING, TOTAL do.., Durabie manufactures. .do.., Primary metaIs................................do.., Fabricated metal products ..............do.,, Mach i nery •••••.•••••.••••••••.••• do.., 4,048 3,898 2,099 1,799 390 1,120 273 3,669 3,528 1,928 1,600 375 944 268 3,023 2,991 1,413 1,578 384 911 268 3,390 3,368 1,730 1,638 378 955 290 4,300 4,000 2,170 1,830 160 196 132 145 180 117 123 132 116 138 161 120 164 202 134 187 228 156 169 204 144 143 149 138 157 177 142 189 233 155 394 1,077 335 102 103 108 107 107 102 96 44 99 107 102 96 79 95 104 rl08 104 83 108 107 107 102 80 106 106 rIOi r78 r!06 r!05 103 98 118 III III 116 79 119 110 112 rlOl 122 112 102 121 III III 122 104 114 107 III III 125 104 109 108 115 rill 127 103 112 113 rl 13 r|07 117 106 115 106 114 117 105 113 107 III 124 112 115 109 114 r!2l rill 111 rl 10 1 14 91 76 99 42 117 118 96 87 100 68 118 118 98 80 100 96 126 126 96 77 r99 r92 109 112 114 111 103 97 88 107 106 109 100 112 101 100 93 108 lit 115 115 115 103 105 100 111 rl 10 114 103 104 99 109 r!09 119.1 118.9 119.2 119.2 NI9.6 94.4 127.1 120.5 93.6 127.3 120.0 92.7 126.8 121.5 92.9 126.8 121.5 r93.3 Farm products........ • do.., Fruits and vegetables, fresh and dried ....do.., Grains • do.., Livestock and live poultry ..do.., Foods, processed ••••.. do.., Cereal and bakery products.... ........do.., Dairy products and Ice creams a s s e o e < s do a e , Fruits and vegetables, canned and frozen..........do.., Meats, poultry, and fish......... do.., 86.5 102.2 75.7 78.5 106.4 120.4 116.7 107.4 95. i 85.4 103.2 76.5 87.7 104.7 74.9 90.8 86.6 98.7 74.3 80.7 107.8 122.0 118.0 106.8 96.8 79.0 108.1 122.4 120.5 107.9 96.0 r89.5 r109.2 73.5 80.7 109.0 123.1 121.3 rl09.I 97.8 Commodities other than farm prod, and food.. do.., Chemicals and allied products.••••... do.,, Fuel, power, and lighting materials...... ..do.., Furniture, other household durables. .......do.., Hides, skins, and leather products ...........do.., 128.4 110.0 111.4 123.3 116.2 128.5 110.0 111.2 123.3 Ml.7 128.2 110.5 115.3 122.9 108.7 127.9 110.4 I 16. I 122.8 108.1 r128.0 rll0.3 rl!6.2 rl22.7 r108.5 Transportation equipment.••••••••••••••••••••.do.., Instruments and related products ....do.., Clay, glass, and stone products...............do.., Lumber and products...........................do.., Furniture and fixtures.......... .do.., Nondurab Ie manufactures. Textile mill products AppareI products. Leather and products.............. Paper and products....... Printing and publishing.... do.., .........do.., „. .do.., do.., ..do.., do.., Chemicals and products ...................do.., Petro I eum products ..,. do.., Rubber and plastics products..................do.., Foods and beverages.... do.., Tobacco products ..do.., MINING..... ......do.., Coa I..... ...do.., Crude oil and natural gas...... ..do.., Metal mining.•••...••... ••.....•••.......do.., UTILITIES .....do.., Electric........ ............do.., BY MARKET GROUPING: FINAL PRODUCTS, TOTAL. ..do.., Consumer goods•••...»•••. •• do.., Automotive and home goods .....do.., Apparel and staples...... ••••• do.,, Equipment, including defense .......do.., MATERIALS do.., Durable goods materials.... ................dd.., Nondurab ie mater ia I s. ••••• • .do. •, 102 104 rl 18 r!09 rl03 rl 18 r!09 118 122 97 112 rl 12 rl27 100 117 113 104 122 112 113 121 ri09 110 96 80 r98 86 126 127 114 rl 14 rl 10 ri 14 115 U4 103 103 r97 COMMODITY PRICES WHOLESALE PRICE INDEX: ALL COMMODITIES 1947-49=100, By stage of processing: Crude materials for further processing do.., Intermediate materials, supplies, and components..do.., Finished goods••••••••••••••••••••••••••••••••••••do., jr/ Revised, p/ Preliminary. J/ Unadjusted index. Digitized for 9197 FRASER 75.3 104.9 120.4 117.7 106.4 126.6 r122.4 MONTHLY BUSINESS STATISTICS — Continued 4 1959 STEM T o t a I8(»8ise0«6«89»ts»0»6»0 November October COMMODITY PRICES - Continued iholesaSe price Index - continued Commodity other than farm prode and foods - cont® Lumber and wood products Offiffleoo@0 GO®©OGQOOGC1947-49=100 eo Machinery and motive products....ooooo,000•eo,o.oodOoo,o Metals and metal products .„. 0 „o..o.,c doosoo Nonmetaiilc minora Is, structural o ^ o . ^ e o o o ^ o o ^ J o o o , , Pulp j, paper j, and allied products, ooeoo.oa 0000,00, ado, 0<>o Rubber and products a 8 e „ e » 9 9 6 » < ) e 8 o a i s s »^« 1 0 o»ooeo 6 9 do S 9 a o Textile products and apparel 6 „ s9s6 o ll ...,..oo.o., 8 d0a 0 ,o Tobacco manufactures and bottled beverages e a a o o s o s do o o e o flNANCE AGRICULTURAL LOANS AND DISCOUNTS OUTSTANDING OF AGENCIES SUPERVISED BY THE FARM CREDIT ADM a : 6 » « 0 8 09(ll)»l>«llo««(18«lllil5 Of d O 10 0 a a s s , e e i 8 e seoo 0 0 oseooooooooooooooo 0 o S o<» s o s dO e o. « Public utilitles: Commu nlcatfons 6S o<, ee o«, aeee o 0see o» eeeoee o S « effl do*.,, Electric and gas.,. do..,, Ha! SrOad T t a d ® o e Bo».QOOoo<»oo,0oooeooo<»0.OQOoooooe89,d00'ooo s o , o e ® e 0 ® 4 3 ® o e B a o O Q G 0 0 0 a o o ® D O Q c , B < i , o a a a a o o c ! ! > « d O B O O < ! , Dividend rates, prices, and yields, coiwnon stocks (Moody § s): Dividends per share,annual rateC200 stocks)„*do 1Sarss5 Industrial C125 stocks)..............,.••..•..do.... Public utility C24 stocks),.•••••....•••••••••do.,.. Railroad C25 stocks).•,.,...................,.do,... Banks CI5 stocks)•••••••••,,.,,..,,.........,.do.... Insurance CIO stocks)............ S080B@ ,••••••do.... August October September November I26e2 15307 154.5 137.5 S3205 r!4S,9 95e9 131.7 I2403 I5306 155.8 137.7 132,3 r144.4 9603 131.7 119.6 I53e2 S5306 137.8 I33e0 S45.3 96. 1 132.0 SS807 M5I.3 I53G5 138,0 133.0 144,9 95e9 132.0 rS1707 r152,8 152.8 r138.1 r133,4 144.7 95e8 132.0 S S6e6 153.0 152.4 137.9 133.1 143.6 95e5 132.0 4,487 4,462 2,345 642 4,87 S 2,5S5 562 4,870 2,528 589 4,837 2,538 638 4,787 2,548 652 60,1 33,6 25.3 65,5 36.7 26.6 68,5 35,8 26s0 60.0 p34.9 p25s5 390.6 105.9 155,5 2,8 37-1.5 78,7 137.1 390 1,965.5 169.5 S,264.9 106,6 921.5 175,6 330.1 I0e9 387,6 104.5 S36.0 2.9 200,2 108.2 20.2 61,5 1,7 100,6 3.6 t I2a5 1.8 112.2 4.2 2590 "94.6 180,3 62,3 56.5 202.3 113. 1 20e0 57e8 2.1 109.6 5a45 5.85 2,63 3,48 3,82 4,33 5.56 6.01 1 2.64 3.48 3,82 4,33 5.58 6.03 2.68 3,56 3.96 4.85 5,57 6,02 2.69 3*56 3.96 4.85 5.58 6.04 2.69 3.47 3.96 4.85 5.57 6,00 2.71 3.46 4.00 5.01 149.53 165.61 70.25 57.56 149.30 164.91 70.27 57,68 154.57 169.92 72.24 60.39 3.74 3.66 3.83 6.02 4.02 5,07 3.60 3.53 3.75 5.73 3.93 2.97 Farm mortgage loans? Federal Sand banks..........do..,. 2,333 6S6 Loans to cooperat!ves........oo,,«,o«»«,,..*,oo,.«do..,0 TURNOVER OF DEHAND DEPOSITS EXCEPT INTERBANK AND U e S a GOVERNNENT^ ANNUAL RATE, SEASONALLY ADJUSTED? 6GBf New York Clty s s s e . s a S 3 3 ..,.« s ratfo of debits to deposits,,, 32.8 6 other centersa.,..,.,.............,,,,,.,..,,,.,».do®0«» 24a7 337 other reporting centers„ o o e i ) e o e < J o S 0 0 6 0 e o 6 e 9 ( i ( ) 0 0 clo 8 C o C SECURITY MARKETSj STOCKS s CASH DIVIDEND PAYMENTS PUBLICLY REPORTED? 878.5 TOTAL DIVIDEND PAYMENTS®®,,0*...,..«»,,..ml I. of doS 00 F f nance. ...•...•,> o •»•« o«e«,» o •«>••... o ..„ •••«.• e • do,,.. 165,2 305.3 Manuf actur I n g ^ o . o o o ^ ^ a o ^ , , ^ , . . . ^ . . , . ^ ^ „do,,.. NSning I960 8*8 Price per share, end-of month C200 stocks) @ s s s e o do, B O O Industrial CI25 stocks)... e ,,.,,,«, e... ^ a,. s,,,, do,BOe Public utility C24 stocks),.« oos ....,..... 80ss do.,. s Railroad C25 stocks).••••••.....•••••••••••.••do,,,. 162,37 186,60 65.51 70,24 164,47 189,96 65.38 68.39 S59,22 176,68 73.59 62,28 Yield (200 stocks), ©. 0® •, ,.,,,, »,.••,••«09a>fflS per cent,. Industrial CS25 stocks).,..•••••.•••••••••••••do.... Public utility (24 stocks). 0 „.*„ B „*. Qa . e .« as9 .do.®„ e Railroad (25 stocks) e e e e a e e . # < 9 @ . 9 a a a 9 S 8 .. e o 8 a .do,,... Banks (15 stocks)..,.. e8 , @ .„ ae ., a .,,«,,., 6 ....do.... Insurance (10 stocks)..,,, E ,.,,.., eae9ee . saee .do. effle 3,36 3,14 4*01 4.95 3.70 3,03 3.38 3.16 4,04 5.09 3,57 2,83 3.50 3,41 3,64 5.72 4.00 2.87 1 3,73 3.64 3.83 j 6,18 4.02 3.08 IA 23,0 jr/ Revised, j>/ Preliminary. USC0MM°-DC~9S97 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. 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