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February 13, 1959 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription t o t h e SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published in t h e latest monthly SURVEY SELECTED BUSINESS INDICATORS Index, 1941-43 = 10 80 index, 1941-43-10 PRICES OF 4 2 5 INDUSTRIAL STOCKS 180 Monthly (Wednesday close) 70 60 50 "" - / S * S X _ W^^^ _ 40 30 „JLJ—l_l—l_l 1 1 L-LJ i -i 1 1 1 1 l - U - l - L ,_J_JLJLJ-JLJLJ™JLJLJ-^ I 1 1 1 ,,l 1 1 L I 1 1 J J 1956 Index, 1 9 4 7 - 4 9 = 100 S80 DEPARTMENT STORE SALES & STOCKS F M A M J J A S O N D Biilion Dollars 60 1 CONSUMER CREDIT OUTSTANDING (seasonally adjusted) (short- and intermediate-term) Stocks 160 50 (end of month) Total (end of month) V 140 120 IOO Sales I I I I I I 1 I I M I I I I I I t 1 I I I I I 1 I | | H 1 ' ' 1 I I 1 I I | | I I I I |,l 1 1956 1957 1958 1955 1959 Index, 1 9 4 7 - 4 9 = 100 200 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers). 175 Dollars 2,40 150 2.00 Payrolls 1957 Hours 56 MANUFACTURING HOURS & EARNINGS 2.20 J 52 48 Average Hourly Gross Earnings (left scale) Employment 125 S956 .80 44 \ soo 1.60 40 Average Hours Per Week (right scale) 75 I i i i i i I i t • i i h i i i i I i i i i i 1 i i i i i I i i i i i I i i i i i I i i i ii 1956 1957 1958 1959 1.40 I M 1 1 I 1 I 11 1 I I I I I I I I I I I I 1 I I }H II IM 1956 1957 1958 i i )mi l i I i i i i 1959 36 WEEKLY BUSINESS STATISTICS1 2 1958 1959 ITEM Feb. 8 Feb. 1 Jan. 17 Jan. 24 Feb. 7 Jan. 31 Commodity prices, wholesale: .....••••• 84.4 98 3,137 2,939 326 •M8.9 •93.7 •109.5 •126.1 84.9 99 3,173 2,972 342 119.4 91.5 109.0 127.3 85.2 116 ••3,109 2,506 294 119.6 92.3 109.2 127.4 85.3 105 ••3,067 2,480 296 119.5 91.9 109.0 127.4 84.7 106 119.2 90.7 108.5 127.3 84.6 322 271 30,625 24,632 19,089 580 30,579 24,397 18,997 499 31,710 27,708 18,901 564 31,385 27,368 18,769 502 31,150 27,094 18,817 375 31,121 27,092 18,749 353 56,134 24,790 86,187 25,923 30,638 8,744 55,880 25,115 87,066 26,290 30,434 8,732 58,693 28,286 94,694 31,266 30,651 9,635 59,192 28,321 95,597 32,290 30,414 9,656 58,620 28,320 95,179 32,126 30,275 9,665 4.00 41.88 44.72 4.01 42.19 45.09 4.4! 55.62 59.25 4.41 56.04 59.75 4.44 55.16 58.84 1,353 12,238 122,990 6,842 1,243 12,289 128,797 6,858 1,382 13,324 158,930 7,087 1,334 13,394 151,565 7,194 1,425 13,151 144,576 7,107 1,459 #54.1 551 279 1,457 #54.0 532 272 2,111 74.6 586 300 2,056 72.6 556 286 2,178 76.9 583 299 Finance: Federal Reserve bank credit outstanding, total .3/....do.... Reporting member banks (of F.R.System) fn leading cities :£/ Time deposits, except U. S. Government.............do.... Commercial, Industrial, and agr. loans (gross)...do.... Bond yields, domestic corporate (Moody's) 3/ percent.. Stock prices, 500 stocks (Stand. & Poor's) 4/.. 1941-43=10.. 4.44 55.21 58.70 Production: 142,266 2,288 80.8 ±/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Dally average. 4_/ Wednesday data. 5J Week beginning February 9, 1959: Production, 2,363 thous. short tons; operating rate, 83.5 percent. • Monthly index for January 1958. •* Includes persons reported under temporary programs (TUC) and under Ex-Servicemen's Unemployment Compensation Act of 1958 (UCX); persons under TUC were excluded prior to the January 30, 1959, issue of this report. # Based on January I, 1958, annual capacity (140,742,570 tons); not comparable with 1959 rates which are based on January I, 1959, annual capacity (147,633,670 tons). MONTHLY BUSINESS STATISTICS 1 1958 1957 ITEM December January October November 1959 December January COMMODITY PRICES Retai1 price: All commodities (U.S.Dept.of Commerce index)..1 935-39*. 100.. 217.2 217.8 220.3 r220.7 220.0 67,770 64,396 5,385 59,012 3,374 66,732 62,238 4,998 57,240 4,494 69,111 65,306 6,404 58,902 3,805 68,485 64,653 5,695 58,958 3,833 68,081 63,973 4,871 59,102 4,108 67 430 62,706 4 693 58^013 4,724 52,610 16,302 788 2,612 4,094 50,477 15,865 766 2,387 3,985 51,136 15,536 708 2,887 3,897 r51,432 r15,795 712 r2,784 r3,885 r51,909 r15,757 r7l3 r2,478 r3,878 p50,266 D15,626 p704 p2,33l p3,830 12,076 2,353 6,318 8,067 11,140 2,344 6,241 7,749 11,225 2,380 6,463 8,040 rll,382 r2,374 r6,426 r8,074 H1,954 r2,37l r6,38l r8,377 pi 1,037 p2,367 p6,303 p8,068 do.... do.... Lumber and wood products (except furniture)••••••uo.... do.... 12,449 7,153 69 549 309 440 12,024 6,869 68 526 299 419 11,721 6,421 67 594 313 422 HI,981 r6,742 r7l r579 312 r426 r11,946 r6,749 r74 560 r309 r422 pi 1,812 p6,7l4 1,006 875 1,159 825 1,330 220 958 do.... do.... do.... do.... 899 791 1,005 746 992 207 r930 r827 r1,020 r788 H,I99 r209 r945 r824 rl,042 r795 r1,208 r2IO p944 p8l8 P1.053 p80l Pl.212 EMPLOYMENT AND WAGES Labor force (Bureau of the Census): .thousands.. do.... do.... do.... do.... Employees in nonagr(cultural establishments: Total, unadjusted (U. S. Department of Labor).. ••••••do.... do.... do.... Mining do.... do.... do.... Production workers in manufacturing industries: r/ Revised. j>/ Preliminary. 9265 1 840 1,134 793 1,267 215 \J Except ordnance, machinery, and transportation equipment. p75 p534 p306 p408 1 p2H MONTHLY BUSINESS STATISTICS—Continued 3 1958 1957 ITEM October November December January 5,296 1,027 89 885 1,055 455 5,155 969 84 861 1,037 445 5,300 1,113 94 863 1,051 447 5,239 r 1,050 r85 r867 1,053 446 r5,197 rl,002 82 r862 rl,058 443 557 533 163 208 326 549 525 161 201 323 551 517 153 195 315 r548 r5!4 r!56 rl95 324 r55l r5l7 rl55 rl98 r329 100.6 100.3 157.3 97.2 98.0 149.9 94,8 93.4 152.5 r96.9 r96,0 r158.4 r96.6 r96.2 M6I.0 39.4 39*8 40,1 39.4 85.17 91.83 76.83 39.9 40.3 39.4 86.58 r94.30 77.22 r40.3 r40.8 39.0 82.74 88.93 74,88 38.7 38.9 38.3 81.66 87.14 73.54 do. do. do. do. do. •••do. 2.10 2.24 2.42 1,83 1.77 2*10 2.11 2.24 2.44 1.81 1.76 2.10 2.:4 2.29 2.50 1.95 1.79 2.11 2.17 r2.34 2.51 rl.93 1.79 r2.l4 2.19 2.35 r2.54 rl.9l do. do. do. do. ....do. ,do. 2.55 2.22 2.34 2.11 2.48 2.14 2.56 2.22 2.34 2.12 2.46 2.15 2.74 2.28 2.39 2.15 2.55 2.2! 2.75 r2.32 r2.43 r2.l9 2.63 r2.23 2.75 2.33 2.44 r2.20 2.66 r2.24 1.92 1.97 1.54 1.50 1.50 2.08 1.92 2*01 1.56 1.50 1.51 2.08 1.95 2.00 1.52 1.52 1.53 2.14 1.96 r2.04 rl.60 1.52 1.52 r2.!4 1.97 r2.05 rl.66 2.54 2.26 2.73 2.31 1.56 2.54 2.27 2.72 2.29 1.56 2.63 2.34 2.74 2.39 1.58 r2.62 2.35 2.77 2.41 1.59 2.65 2.36 2.77 r2.45 rl.59 44,774 34,095 43,904 33,713 43,164 33,052 43,464 33,126 45,065 33,865 4,088 3,559 3,635 3,496 3,088 3,470 3,481 3,415 3,475 3,502 3,450 3,419 3,338 3,264 r3,594 r3,447 4,350 3,611 3,720 3,414 6,837 2,137 492 4,208 5,513 1,595 464 3,454 5,504 759 579 4,166 5,221 728 588 3,905 7,013 2,132 499 4,382 102.7 107.5 3.47 105.9 110.0 3.32 98.6 100.9 3.94 98*8 102.3 3.84 98.7 102.3 3.84 4.49 4.36 4.64 4.65 4.63 53.49 57.09 56.84 43.31 42.05 33.70 24.03 48.16 33.42 December EMPLOYMENT AND WAGES - Continued Production workers.in manufacturing industries - Continued NondurabIe-goods industrles. thousands. Food and kindred products ••••••do**. Tobacco manufactures.., ••••••••• •••••••.do... Textile-miH products do... Apparel and other finished textile products do—. Paper and allied products ••••••••do... Printing, publishing, and allied products do... Chemicals and allied products.....................do... Products of petroleum and cool....................do... Rubber products ••••••••••••••••••••••••• do..• Leather and leather products ....do... Manufacturing production-worker indexes: Employment: Unadjusted 1947-49-100. Seasonal ly adjusted......... ...do... Payrol Is, unadjusted do... Hours and earnings: Average weekly hours per worker, all manufacturing.,,hours• Durable-goods industries .....do... Nondurable-goods industries................. do... Average weekly gross earnings, all manufacturing...doIlars# Durable-goods industries. •• .do... Nondurable-goods industries................ do... Average hourly gross earnings, all manufacturing Durable-goods industries Ordnance and accessories Lumber and wood products (except furniture) Furniture and fixtures • Stone, clay, and glass products....... Primary metal industries....... Fabricated metal products \J Machinery (except electrical) Electrical machinery Transportation equipment Instruments and related products Nondurab Ie-goods i ndustr les Food and kindred products ••••••••••• Tobacco manufactures Text! le-mi 11 products.... Apparel and other finished textile products Paper and allied products..,, •••••• Printing, publishing, and allied industries Chemicals and allied products......... Products of petroleum and coal.... Rubber products • Leather and leather products do. do. do. do. do. do. do... do... do... •••••do*.* .do... 39.7 39.6 r88.26 r95.88 78.01 r!.80 2*16 1.52 1.52 r2.l5 FINANCE Consumer credit (short- and intermediate-term): Total outstanding, end of month mil. of dol. Installment credit, total • do... Installment credit extended and repaid: Unadjusted: Extended, total •••••••••••• do..* Repaid, total................ .....do... Adjusted: Extended, total •••••••••••••• .do... Repaid, total ••••••••••••• do... Life insurance written (new paid-for insurance): Value, estimated total do... Group and wholesale.,.,,,., do... Industrie I ..••••••••••• •••••••• .....do... Ordinary •••••• do... Security markets (Standard and Poor's Corporation): Bonds: Prices: Industrial, utility, and railroad (AI+ issues): Composite (21 bonds)..... ••••dol. per $100 bond. Domestic municipal (15 bonds) do... Yields, domestic municipal (15 bonds) ...percent. Stocks: Dividend yields, preferred stocks (14 high-grade),..do*.* Prices: Combined index (500 stocks) 1941-45=10. Industrial (425 stocks) do... Capital goods (129 stocks) do... Consumers' goods (196 stocks) do... Public utility (50 stocks) . do... Railroad (25 stocks) do... Banks: N. Y. City (12 stocks) do... Outside N, Y. City (17 stocks) do... Fire insurance (17 stocks) .do... r/ Revised. o/ Preliminary. 9265 40.33 43.29 41.35 30.29 31.79 21.39 41.12 43.98 43.00 31.43 33.30 22.69 50.95 54.55 53.60 40.65 39.15 31,23 52.50 56.11 55.20 42.47 40.75 33.07 18.73 35.76 23.45 19.08 37.98 25.88 23.28 45,25 29.49 23.55 46.68 31.83 U Except ordnance, machinery, and transportation equipment. 4 MONTHLY BUSINESS STATISTICS —Continued 1957 1958 ITEM November September December October November December METALS AND MANUFACTURES Iron ore (incl.foreign ore),operations in all U.S.districts: Receipts at iron and steel plants thous. of long tons.. 9,339 9,066 63,384 5,257 3,864 8,223 58,877 5,160 12,150 7,900 62,325 5,687 12,645 9,128 65,843 5,856 9,324 9,262 65,904 5,312 3,948 9,588 60,265 5,577 5,606 242 5,093 213 5,386 220 6,225 246 5,187 246 5,512 589 462 783 538 142 96 736 227 548 636 645 455 100 84 653 195 352 394 810 518 193 94 561 263 399 461 887 594 184 102 625 283 352 452 821 559 152 102 533 251 Steel products, net shipments: Bars: Hot rolled (Incl. light shapes) Sheets and strip (incl. electrical), total do.... do.... 248 387 500 839 579 143 110 527 237 2,506 2,113 1,831 2,102 2,338 2,317 616 617 965 687 653 694 1,025 521 911 1,074 1,132 1,253 218 334 141 320 256 314 259 307 243 271 197 267 3,233 2,959 2,047 1,913 1,839 1,809 749 1,634 1,593 2,180 MI9 771 908 854 777 3,874 1,578 1,887 116.8 251.1 267.8 1,688.9 574.6 113.8 237.5 213.5 1,793.3 573.5 121.8 299.6 423. 1 1,572.0 621.7 135.5 339.1 404.1 1,322.2 495.6 r 129.4 293.6 333.0 1,545.6 437.8 143.9 317.0 330.5 r1,525.7 r4!4.9 1,850.6 87.0 1,037.3 208.8 237.0 94.0 186.5 1,606.1 67.4 872.9 191.7 227.1 82.1 164.9 1,822.6 1,034.3 189. 1 234.5 102.8 189.9 2,081.6 88.4 1,205.4 223.5 258.3 104.8 201.4 rl,908.2 84.7 rl,109.5 r197.7 r237.5 93.8 r184.9 1,754.6 77.7 983.1 194.0 235.0 91.9 172.8 904.9 239.9 561.5 103.5 888.6 225.0 562.5 101.1 873.3 258.9 533.3 81.1 888.8 272.0 533.8 82.9 r886.8 r273.9 r528.3 84.6 883.2 252.2 545.1 85.9 2,539 1,112 1,184 r2,300 rl,05l r1,031 2,653 IJI6 1,249 2,914 1,253 1,362 r2,640 r.1,149 r 1,237 2,507 1,124 1,140 II 232 r206 no II 232 Fabricated structural steel: Furnaces, industrial, new orders, net: Electrical equipment: Ranges (incl. but It-ins), dom. and export sales.thousands.. Vacuum cleaners, standard type, sales billed do.... Washers, sales billed (domestic and export) U do.... Television sets (incl. combination), production 2/...do.... 1 PULP, PAPER, AND PRINTING Wood pulp: Soda, semi chemical, screenings, damaged, etc Stocks, end of month, total, all mills.... do.... .do.... 1 ! 72.1 All paper and board mills, production: rll ! 12 276 14 285 r243 £ / Revised. ±f Data exclude sales of combination washer-dryer units; sales of such types totaled 21,700 units in December 1958. 2 / Data for September and December 1958 cover 5 weeks; for December 1957, 6 weeks; and for other months, 4 weeks. USCOMM-DC-9265 UNITED STATES GOVERNMENT 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 OF POSTAGE, $300
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