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December 26, 1958 SURVEY O F CUSMENT BUSINESS BUSINESS °F STATISTICS BUSINESS £ 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 t o those published in t h e latest monthly SURVEY SELECTED BUSINESS INDICATORS Billion Dollars 100 Billion Dollars 10© TOTAL LOANS A N D INVESTMENTS Average of Wednesday data Wednesday da fa (Federal Reserve Weekly Reporting Member Banks) 95- 90 85 80 80 7 5 WJ~~i~J--J~J-J~J^^ 1955 8 8 I i 1 \ I M 6 8 I I I I'J-J—L-i-i—LJ 7 5 JFMASVt 1958 1957 1956 Index, 1 9 4 7 - 4 9 = 100 275 J J A S O N D Index, 1 9 4 7 - 4 9 * 100 275 ELECTRIC POWER PRODUCTION (by Monthly Mimes) Weekly (E. E. I. seas. adj. index) 250 250 1958 225 225 1957 200 200 7 5 L-1 t i l l l-L.I 1955 I t t 1 l I I t I I i l I 1 t I i I i t l 1l t l i i I pi i i i j i j i | i I 1957 1956 S958 Li i \ \ i l l J F M A M J J i l l Index, 1 9 4 7 - 4 9 = 100 S20 Index, 1 9 4 7 - 4 9 = 100 S20 FREIGHT CARLOADINGS* COTTON CONSUMPTION H O _ (seasonally adjusted) I (daily average; seas, adj.) no IO© AV - / , ^vfA 1 100 90 80 90 - V *r ~1 Average per working day J 70 J 1 1 1 1 1 1 1! 1 1I I 11 If I I I 1 I 1.1 1 1.1.1 I..M 1 1 L L L L L I ll.LLLL. 1955 1956 1957 1958 80 JULLUULUJ 1955 TV U-l I I I I M M I I M ! I I I I I I I M I I I I I IJ 1956 1957 i J 175 A S O N D 1958 WEEKLY BUSINESS STATISTICS1 1957 1958 ITEM Dec. 14 Commodity prices, wholesale: A11 commod it i es. .. ....•*.............1947-49=100.. Dec. 21 .......... Nov. 29 Dec. 13 Dec. 6 84.9 285 2,110 1,941 269 •118.5 •92.6 •107.4 •126.1 84.7 294 2,086 1,922 276 87.9 171 ••2,060 1,840 244 87.5 244 ••2,135 1,910 294 31,827 25,617 19,027 427 31,973 26,218 19,483 610 31,825 27,399 18,631 465 32,057 27,844 18,740 530 32,218 27,847 18,629 459 56,710 23,943 87,390 25,630 31,819 8,779 57,256 27,875 95,215 32,490 30,586 9,516 57,214 27,882 94,930 32,149 30,675 9,505 58,858 27,966 95,134 31,877 30,804 9,539 4.35 40.51 43.53 56,651 23,970 88,578 26,010 32,305 8,780 4.27 39.38 42.19 4.38 51.9© 55.39 4.38 52.53 56.06 4.38 53.46 57.09 1,529 12,570 168,194 6,884 1,770 #69.2 603 307 1,602 12,412 163,071 6,915 1,742 #68.1 590 292 1,513 12,274 143,707 6,983 1,461 13,017 169,957 7,067 1,985 73.5 594 310 1,493 13,450 162,154 7,097 1,985 73.5 589 303 1(9.0 90.1 108.7 127.0 86.7 293 Dec. 20 1 19.1 90.7 108.8 127. 1 86.1 267 F i nance: Federal Reserve bank credit outstanding, total .3/.....do.... 32,394 28,311 18,844 487 Reporting member banks (of FeR«Systeia) in leading cities; .4/ Commercial, industrial, and agr. loans (gross)....do.... Stock prices, 500 stocks (Stand, & Poor's) £/.»•1941-43=10, e 53„98 57.64 Production: 1,988 73.7 539 285 2,011 74.5 J/ Data do not always cover calendar weeks. 2 / Tuesday prices. 3/ Daily average. 4/ Wednesday data. J5/ Week beginning December 22, 1958: Production, 1,840 thous. short tons; operating rate, 68.2 percent. • Monthly index for December 1957. *» Excludes 409,000 and 411,000 insured unemployed reported under temporary programs (TUC) for November 29 and December 6, respectively; includes claims under ExServicemen's Unemployment Compensation Act of 1958 (UCX) effective October 27, 1958. # 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 October GENERAL BUSINESS INDICATORS Business incorporations: New incorporations (48 States)......,... November August September October November .number, 11,251 9,270 12,234 12,932 13,633 12,090 Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.: Total mil. of dot, Farm mortgage loans: Federal land banks..... do.., Loans to cooperatives. • ..do.., Other loans and discounts ••••• ......do.., 3,354 1,904 451 999 3,329 1,908 452 969 3,766 2,017 453 1,295 3,784 2,036 473 1,275 3,802 2,052 507 S,243 3,791 2,065 526 1,199 204,168 77,431 41,761 189,246 71,667 39,012 185,849 68,620 37,942 195,205 70,887 40,520 212,894 79,620 43,594. 183,092 64,804 38,224 3,796 3,131 76 1,537 429 363 1,391 r5,797 4,827 67 3,512 367 740 r|,||| 6,280 4,838 67 3,599 316 1,105 1,193 8,119 7,208 75 3,909 2,267 549 1,320 3,446 2,769 82 1,387 374 386 1,217 5,979 4,962 72 3,735 319 816 1,038 6,501 641 5,860 5,806 636 5,169 6,198 574 5,624 6,633 578 6,056 7,144 600 6,544 6,237 607 5,629 9.01 77 272 8.81 67 262 9.14 65 262 8.84 69 266 9.37 75 275 9.07 65 257 20,970 18,412 1,731 18,745 17,533 451 20,981 18,483 1,679 21,276 18,873 1,726 22,706 19,594 2,506 FINANCE Bank debits, total (344 centers) do.., New York City do.., 6 other centers... •••••• do.., Federal Government finance: Raceipts, totaI •• do.•, Receipts, net. do.•, Customs •••••• do.., Individual income taxes*„,.„.....................„„.do.., Corporation income and profits taxes •••••••••.do.., Employment taxes...••• do.•, Other internal revenue and receipts ••••• do.., Expend i tures .. Interest on public debt................ All other expenditures..... do. •, do.., ...do.. TRANSPORTATION AND COMMUNICATIONS Hot©Iss Average sale per occupied room. dollars, Rooms occupied.. percent of total Restaurant sales index same month 1929^100 Telegraph, cable, and radiotelegraph carriers: Wire-telegraph: Operating revenues ••••••••••••thous. of do I Operating expenses, including depreciation do.. Net operating revenues.... do.. r7 Revised. http://fraser.stlouisfed.org/ Federal Reserve9203 Bank of St. Louis STATISTICS — Continued MONTHLY 1957 1958 STEM October November August September October TRANSPORTATION AND COMMUNICATIONS - Continued Telegraph, cable, and radiotelegraph carriers - Continued Ocean-cable: Operating revenues ••••• .thous. of dol.. Operating expenses, including depreciation do.... Net operating revenues..... .do.... Radiotelegraph: Operat i ng revenues .do.... Operating expenses, including depreciation..........do.,.. Net operating revenues. ....do.... 3,243 2,282 655 2,995 2,322 389 2,575 2,362 -40 2,830 2,211 357 3,006 2,239 505 3,600 2,771 718 3,260 2,648 512 3,588 2,686 798 3,645 2,837 701 3,856 2,887 876 148.3 97. I 51.2 145.4 96.6 48.8 140.6 87.6 53.0 CHEMICALS AND ALLIED PRODUCTS Paints, varnish, and lacquer: Factory shipments, total..... Trade products.•••• •••••• I ndustr i a I f i n i shes ....mi I. of do!.. • .do.... do. • • • FOODSTUFFS Corn grindings, wet process.... ...thous. of bu. Rice, California: Receipts, domestic, rough..... .....thous. of lb. Shipments from mi I Is, milled rice. ..do... Stocks, rough and cleaned (cleaned basis), end of month.. .do... Livestock: Cattle and calves: SIaughter (federa 11y inspected): C 8 I V 9 S « » «e »«o « eee« o*e e e».e e« e « « « e e »e • e T n Q U S * © T Cattle Shipments, feeder, to 9 corn-belt States.. Hogs: Slaughter (federally inspected). Sheep and lambs: Slaughter (federally inspected)..... Shipments, feeder to 9 corn-belt States 12,952 11,682 12,088 12,333 13,802 105,545 35,592 60,968 33,836 169,218 112,412 125,914 105,497 165,089 56,640 49,380 55,802 47,663 28,329 71,405 do... do... 742 1,801 1,190 598 1,515 973 424 1,479 364 472 1,562 815 541 1,642 1,273 do... 6,094 5,505 4,515 5,219 5,911 .do... ..do... 1,210 690 958 248 950 356 1,045 565 1,131 636 6,454 8 H !R*a 1 S A METALS AND MANUFACTURES Pig Iron, production (excl. blast furnace production of ferroalloys) •••• ....thous. of short tons.. Castings, shipments: Gray iron do.... Malleable iron Steel . . . s h o r t tons.. ....do.... Steel ingots and steel for castings: Production .thous. of short tons.. Percent of capacity . Index ...I947-49«I00.. Steel forgings (for sale): Orders, unfilled, end of month thous. of short tons.. S h i pments, tota I do.... Drop and upset.. .. ....do.... press and open hammer ..... do.... Barrels and drums, steel, heavy types (for sale): Orders, unfilled, en4 of month thousands.. S h i pments. ••••• • do.... Stocks, end of month. ..... .....do.... Aluminum shipments: Mill products and pig and ingot (net)...........mi I. of lb.. Mill products, total do.... Plate and sheet .do.... Tin: Estimated recovery from scrap, total long tons.. 4 As metaI.•.*••••••••••••••••••••••• do.... Consumption, pig, total.... ..........do.... Pr imary. •••••••• •••• .do.... Stocks, pig (industrial), end of month.. .......do.... 5,711 4,769 5,041 5,836 1,100 77,667 146,397 940 67,904 127,115 802 49,252 80,886 r9l7 r56,836 r85,277 pi,082 p59,7!6 p97,859 9,198 81 129.3 8,393 77 121.9 7,286 61 102.4 7,610 66 110.5 r8,8!8 74 124.© 400.6 125.6 93.6 31.9 364.5 104.8 79.3 25.4 270.1 79.9 61.4 18.5 280.1 89.0 70.0 19.0 296.4 98.9 77.1 21.8 2,026 2,135 80 1,763 1,759 60 1,666 1,846 80 1,707 2,142 74 1,613 1,913 89 r3l5.9 232.8 121.6 280.5 187.0 95.2 301.7 213.4 110.0 r374.5 r23l.2 119.3 347.2 254.0 130.4 5,925 3,590 23,355 1,820 260 6,065 4,250 21,820 1,710 300 6,380 4,350 20,690 2,025 340 6,940 4,710 20,560 548. 7 544. 4 184. 1 504.9 520.5 168.6 511.0 491.9 227.9 490.8 495.3 223.3 544.1 555.1 212.3 146.8 I45e 3 18. 5 465, 4 752. 5 140.4 143.1 15.7 453.0 722.9 148.5 142.0 25.1 387.6 724.4 137.2 139.7 22.6 413.0 697.2 154.8 158.7 18.6 470.0 655.3 138.6 144.6 117.7 122.2 128.0 129.7 134.4 r133.4 rl38.5 r139.3 6,975 4,195 23,275 PAPER AND PRINTING Newsprint, Canada (including Newfoundland): Production.............. thous. of short tons.. Shipments from mi I Is.... •••• ..do.... Stocks, at mills, end of month.. do.... Newsprint, United States: Production. •••••••••••••••••do.... S h I pments from ml! ls«sesosssss*e**see**es©*s9©©e©»«s©9e d@ d ... Stocks at mills, end of month do.... Consumption by pub I ishers ••.......do.... Stocks at and in transit to publishers, end of month..do.... Paper products: Folding paper boxes, index of physical volume: Consumption of box board •• I947-49«I00.. Shipments of boxes do.... r/ Revised. j>/ Preliminary. 9203 4 MONTHLY BUSINESS STATISTICS — Continued 1957 1958 ITEN October November August September October MQy@wb@r RUBBER AND PRODUCTS Tires and tabes* Pneumatic casings: ..thousands.. 9,708 8,154 2,621 20,985 8,248 7,I7S 3,398 22,171 7,762 7,848 1,055 18,521 8,277 7,912 1,442 18,925 9,344 8,454 1,838 19,913 3,764 3,172 6,909 3,243 2,736 7,444 3,305 3,331 7,664 3,390 3,498 7,657 3,768 3,567 7,869 UGnSUB»pT 8 © B . . . . s e e . . . . . . . . . . < » . . . . . « > . » < » . a . e o e . a ».»«e0bales. . Manufactures: Spindle activity (cotton system spindles): Active spindles, last working day.........® Sfflthousands,. Consuming 100 percent C 0 t t o n , e 8 9 4 9 e e e s e , , . . . . . . . 0©«s • e a Splsndie hoars operated, all fibers^ total .. »miL of hr.. 819,965 r651,599 638,767 647,894 833,366 672,838 19,793 18,130 11,486 19,251 17,641 8,870 19,279 17,650 11,447 19,269 17,611 9,180 Consuming S00 percent cotton. ....... » • a a • o » U © « . . . Rayon and acetate; Product ion % r i 8amenf y a r n t « 9 » o $ « « M e t « « « < « « « ( e M « « t M « i «,mil. ©f !b a . 10,475 r19,767 18,S33 r8,984 r449 8,231 59 6 S 40a9 122a 1 69.6 52.5 P r O O t J C t 1O P aa«9»e9es Q ©©© e e e®©e9e e e<»®a®©o©«e®»9 5ft1 pra@flTS , TOTS 1... ....»..«.•».•«...«........ s s o a G « fflOO© . o s Or I g i na 1 @qu I pment* • •••....•..••••••.••..•.• S958S6H "Oo Stocks, end of i o n t h ^ e , ^ , , , , , , ^ , ^ , , , , , ^ ^ , ^ a © » e a © e Q O © 1 finer tubes: <U . © soo PTOQUCT I On« • •.«....••.•••.••'••••••.»••..••.•••.»..&. . 0©. . . » Stocks, end of month....*.......*...*......** » a « 0 0 * B d©„ .. . ee»««te«et »».»»©©<BO<S «9e»e«s»et! .....o©®.© ®e..sa.»e. •••••••••• TEXTILE PRODUCTS Cottons J/ 0 439 444 458 459 8,070 8,190 10,496 8,389 58*6 35.8 '124*8 70. S 54.7 53.6 26.7 111.5 6f 9 3 50.2 56.4 28.1 108.9 60.6 48.3 r5794 30.9 rI04.3 r59.2 45. S 52,6 30.2 98.0 55 6 7 42*3 8,328 4,850 4,817 3,478 7,260 4,033 3,915 3,227 2,151 1,276 1,276 2,229 1,086 1,744 692 539 2,217 1,280 988 875 S,I43 1,052 2,208 1,088 975 522 1,680 955 113 1,873 87 S 771 1,002 1,665 1,623 1,538 42 r68l 528 621 r60 6,525 4,628 4,398 1,897 66,860 28,602 27,460 38,258 60,238 25,442 24,398 34,796 26,166 4,739 4,184 21,427 25,524 5,221 4,679 20,303 24,059 4,648 4,259 19,411 28,167 7,996 7,791 20,171 387 5 0 3 10 376 143 5 134 0 55 3 52 10 43 139 S34 49 46 37 4 4 44 38 459 8 Stocks, producers , end ©f month, total Staple (incl» tow) 2/................ 2/9*aa* s e a a a a©CIO. sa » ...< 19,26817,541 8,777 TRANSPORTATION EQUIPMENT Railway equipment, American Railway Car Institute Freight cars: <&f} i p ! « ® R T S ^ TOTa l®©©..ee©.<a<»®®»«>.©©©<»<s.©e>»a»©®« Equipment manufacturers, total••...••....•• UwtwST >••••number*. a a e a a.GO. a e a «CoeoiBa«9e»®9se99©9e®©8aee®©e»e»©ffl©<i a a a a a «™v»a ae Railroad and private-line shops, domestic**. a a a a a . O O . New orders, tota1.............................a a a a a « O O e ea a e ae Railroad and private-line shops, domestic... »»..*.**©•«»» Railroad and private-1ine shops, domestic*., e a•••»00»••• 621 866 937 Passenger cars (equipment manufacturers): d©.*.„ jr/ Revised. ±/ Data for October 1957 and October 1958 cover 5 weeks; other months, 4 weeks. 2/ Data beginning August 1958 exclude figures for acetate staple plus tow; see note at the bottom of p. S-39 of the October 1958 Survey of Current Business., USCOMM-DC-9203 UNITED STATES G O V E R N M E N T PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS PENALTY FOR PRIVATE USE T O A V O I D PAYMENT O F POSTAGE, $300