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January 16, 1959 STATISTICS USINESS 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 00 T O T A L L O A N S A N D INVESTMENTS (Federal Reserve Weekly Reporting Member Banks) Average of Wednesday data data ^^1959 95 90 H 90 f 85 - % ^ a * » — ^ " ^ * SO 75 Wednesday n 1 t § 1 8 1 1 1 1 1 1 t t i t l l l l 1 1 1 . 1 1 11 1 1 1 1 1 1 1 II 1 II - H 85 - A 80 1 1 1 1 11 ii ii i I I i l l i J 75 J F M A M J J A S O W - ' D Bi! lion Dollars 20 SALES OF RETAIL STORES Index, 1947-49 = 100 I 80 DEPARTMENT STORE SALES & STOCKS (seasonally adjusted) (seasonally adjusted) S60 15 Stocks (end of m o n t h 140 10 k Sales I 20 1 0 0 1955 1956 1957 I i i i i i I i 1958 Index, 1947-49= 100 200 M i i 1 i i i i i I i t i i i 1 i i i i i 1 i i i i i 1 i i i i i 1 i i i i i 1 9 5 5 1 9 5 6 1 9 5 7 1 9 5 8 Hours 56 Dollars 2.40 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) MANUFACTURING HOURS & EARNINGS 52 S75 2.20 S50 2.00 48 1.80 44 Average Hourly Gross Earnings (left scale) \ Payrolls 125 Employment 1.60 100 40 Average Hours Per Week (right scale) 7 5 1 I I I M I I I M I I I I I I I I I I I I I 1955 1956 _L 1957 1.40 S958 ,U' i i i i 1 i i i i i 1 i i i i i I i i i 1955 1956 i i i i i I i i i i i 1957 I i i i I I i i ii^j 1958 36 WEEKLY BUSINESS STATISTICS1 2 !958 ITEM Jan. 4 Jan* 1959 Dec. 20 II Dec. 27 Jan. 3 Jm9 10 Commodity p r i c e s , wholesales 22 commodii"ies 2 / . » « . . „ d . . . . . A . . do 84.3 102 2,992 2,77© 203 •118.5 *92.6 * 807*4 * 126,1 84.8 IS6 3,048 2,823 324 M9.I 90.6 I08 8 7 127. 1 86al 304 *»2,i12 1,918 251 119.3 91.3 I08.7 127.2 86.1 205 **2,430 2,202 185 31,962 26,623S9,7@7 665 31,553 26,100 19,658 676 32,394 28,311 18,844 487 56,887 24,342 88,987 26,423 32,237 8,761 56,356 24,314 87,744 26,087 31,65! 8,75© 59,450 28,007 95 982 4*17 39.99 42.86 4 . S3 40.99 43*93 4.3® 53.9857*64 1,405 11,692 89,470 6,863 1,465 12,506 138,068 6,85© 1,505 13,534 159,369 7,097 i,50i 55,6 472 242 1,515 56,1 569 283 2,011 74.5 571 288 Finances Federal Reserve bank c r e d i t ©el-standing, t o t a l . 3 / . . . * . d o . . . . Member bank reserve balances 3 / . . o e e ....7..••.•«!©.... 1 | \ S69 321 32,533 28,889 19,16© 632 32,456 28,91© 59,S67 672 32,008 28,275 19,131 575 58,501 28,212 95,905 31,886 31,150 59,065 28,338 96,562 31,897 31,411 9,59 s | I •••••••••• Reportin§ m@mb@r banks ( o f F.R,System) In leadlag c i t i e s : 4 / Loans and investments ( a d j u s t e d ) , t o t a l e s * s e s S i S S S S ~ s d@ S S 5 > s Commercial, I n d u s t r i a l , and agr. loans ( g r o s s ) . . . . d o . . . . Bond y i e l d s , domestic corporate (Moody's) 3 / s . e e s s . - p e r c e n t . e Stock p r i c e s , 50© stocks (Stand. &'Poor's) 4 / . . . I 9 4 l - 4 3 « i 0 . . 3U«oT 31,181 9,580 Productions Passenger cars and t r y c k s ( W a r d ' s ) s s e S 9 e S 8 S s s t ny!Bbr S i Petroleum (crude) and condensate 3 / . . . . 6 . . . . . t h o u s . of b b l . . !I992 91.0 108,4 127.2 85 s 6 119.3 91.1 108,6 127.2 85.6 105 9,596 1 4.39 j 54. IS 57.74 1,243 12,379 I20,SS9 7,129 1,840 | 68.2 432 220 4.40 55.21 58.97 1,391 12,364 ISf,50S 7,122 2,058 76.2 468 244 eeeeeeeeee 4*40 54.89 58.51 156,613 2 085 #73.6 J./ Data do not always cover calendar weeks. 2 / Tuesday prices. 5/ Daily average. 4/ Wednesday data. 5/ Week beginning January 12, 1959s Production, 2,123 thous. short tons; operating rate, 75.0 percent. » Monthly index for December 1957. ** Excludes 377,000 and 382,00© insured unemployed reported under temporary programs (TUC) for December 2 0 and 2 7 , respectively; includes claims under ExServicemen's Unemployment Compensation Act of 1958 (UCX) effective October 2 7 , 1958. # Beginning January 5, 1959, rate is based on January I, 1959, annual capacity (147,633,670 tons); not comparable with earlier rates which are based on January I, 1958, annual capacity (140,742,570 tons). MONTHLY BUSINESS STATISTICS 1958 1957 ITEM November COMMODITY PRICES Retail prices All commodities (U.S.Dept. of Commerce index)..1935-39=100.. December September October November December 217.4 217.2 220.7 220.3 220.8 2,371 1,308 1,982 1,457 3,216 2,353 3,309 2,550 2,594 1,981 138 137 139 r!39 139 17, S33 5,514 2,977 962 903 11,619 1,140 532 1,205 4,233 1,262 2,008 19,844 5,999 3,009 1,144 858 13,844 1,79© 69© 1,236 4,258 1,286 3,095 I6#326 5,080 2,447 850 1,038 5 1,246 1,042 538 §,276 4,068 S,346 1,781 II I 360 379 613 932 083 981 135 556 280 344 384 932 r17,039 r5,343 r2,756 r937 929 r11,695 rl,H9 r54l rI,204 r4,188 r1,338 r2,@!8 21,096 6,383 3,172 1,186 931 14,783 1,892 71© 1,252 4,45S 361 387 16,562 5,606 3,159 87© 874 16,846 5,588 3,087 895 877 16,562 5,095 2,6@0 858 926 16,941 5,374 2,819 871 940 r16,961 r5,52! 2,906 883 942 484 734 10,956 1,007 551 1,233 4,028 1,254 1,704 11,257 S,©87 546 1,226 4,135 1,260 1,801 11,468 1*042 '563 1,221 4,169 1,338 1,817 11,567 1,068 568' 1,244 4, S87 1,358 1,805 rl1,441 1,033 565 1,232 4,215 1,342 1,777 11,750 CONSTRUCTION AND REAL ESTATE Construction contracts in 48 States (F. W* Dodge Corp.): Total valuation •••••••••••.••••••••••.«.mi I. of do!.. Bui Iding, total.....9t,,,, ,» ,,•••••.••do.... Construction cost indext Department &f Commerce, composite... 1947-49*100.. DOMESTIC TRADE All retail stores? J/ Estimated sales (unadjusted), total«......,....miI. of dol., DurabIe-goods stores•.•••••••••••• *<,«.»do,,.. Automotive group. ••••• •••.••«•.do.... Furniture and appliance group. ••••••do.... Lumber, building, hardware group«..............e,.do...« NondurabIe-goods stores. •••••••••••.••••» do.... Apparel group ••••••• •••••• •••••••do.... Drug and proprietary stores...............«....«..do.... Eating and drinking places.......••••••••••••••••.do.... Food group •.••«•••••••••••••...••«••••.do..•• Gasoline service stations« « de,.«. Genera I-merchand i se group.•,.. ••••••••••«•..do.... Estimated sales (seasonally adjusted), total •«d@e... DurabI©-goods stores.••••••••••••••«*•**..••••*••••.do«... Automotive group •••••••• •do.... Furniture and appliance group.....................do.... Lumber, building, hardware group. .•••..do.... NondurabIe-goods stores.•••••••••••••••••••••••••••.do.... Apparel group ....... .,«•« ••••>.««d©««,. Drug and proprietary stores •••do.... Eating and drinking places «.do.... Food group •••••••• • do..«« Gasoline service stations...*..•••••••••••••••••••do,... Genera I-merchand i se group...........««.....«.,•••.do.... jr/ Revised. J/ Data for December 1958 are advance estimates 9215 I 4 I I MONTHLY BUSINESS STATISTICS — Continued 1 um 1957 November DOMESTIC imm h11 reta i1 stores, est1mated 1nventeri es: Unadjusted, total•••••••••••••••••••••••••••••••I 1.* of d©S.* !©li«IW®te l@-»9@©iS S t © r @ S a * • • • • • • • • • • • * • • • • • • • • • • • • • • * d © * . e » A@JlfSt@d, t O T 8 ! • • « • < • ( • « « « « • < • « • • • • • Bisrabl®-g©@ds stores..*.*.•• «(««e<>«a«e« *00* •e« ••••••• 3 do.«.• • S958 December September October November 25,28© 11,060 14,22© 24,330 S 1,220 13,110 23,43© 10,880 12,550 24,470 11,420 13,05© 23,680 10,ISO S3,570 23,680 10,480 13,20© 24,160 10,120 14,040 23,470 10,260 83,250 24,890 1.0,600 14,290 23,660 10,440 13,220 4,432 5,508 4,128 4,533 4,483 3,806 244 87 71 42 1,239 l>579 38 67 4,722 386 133 ! 74 44 1,903 1,518 50 ! 93 j 3,566 3,907 3,865 239 251 93 76 47 258 92 73 47 S,II2 1,461 75 69 1,216 1,648 1,260 1,567 78 76 69 72 3,463 220 9© 73 33 1,043 1,471 58 68 3,619 239 j 91 72 ! 37 1,099 1 1,300 61 69 3,685 237 3,695 3,698 235 94 73 40 24© 97 74 42 1,134 1,570 1,102 1,573 64 73 67 74 71 76 11.9 12*8 11,5 4.4 7.5 • 1 1*7 4.7 8.1 4.2 7.3 11,9 12.0 6.1 5.6 6.1 5.8 6.1 5.9 December Retail firms with 4-or more stores: Retail firms with SI or more stores: Drug and'proprietary stores*.............,..... do..** Lumber, mi iding-materSals dealers««...*************do**** Tire, hQtteryt, accessory stores •••••••••••••do**** Estimated sales (seasonally adjusted), total .••••doc* ..Appare S Qr@tip * 9 e e » e e e s o s « 9 a e « « » » e e e © s s e e e s e ® i » * s « e © .a Q © e • « a Lamber, baiId lug-materials dealers, e s . s s s s e e s s s s s e e s d© s e s Tire, battery, accessory stores******,.*. «do.«*. Wholesale trade: Sales, estimated (unadjusted), tQt8i 99se4 , ee(! «.fei! s of d©l o e Dur ab 1 e-g®ods estab 1 i shments •••••••••••••••••••••••• do. * *. S lc I 3*9 7. 1 S3.© 6.6 6.4 10.7 3.7 7.® 12,5 6.4 6. 1 90 74 4i 94 7! 43 1,134 1,555 - seeeeeesee EMPLOWENT AND WAGES Labor force (Bureau of the Census): Employees in nonagricultural establishments: Total, unadjusted (U, S. Department of Labor) edo..*« 68,061 64,873 5,817 59,057 3,188 67,770 64,396 5,385 59,012 3,374 68,740 64,629 6,191 58,438 4,111 69,1 11 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 52,316 16,561 793 2,805 4,114 11,557 2,360 6,367 7,759 52,610 16,302 ! 788 2,612 4,094 12,076 2,353 6,318 8,067 51,237 15,755 2,927 3,886 11,151 2,392 6,472 7,943 r51,136 r!5,536 r708 r2,887 r3,897 r11,225 r2,380 r6,463 r8,040 r5l,378 r15,765 r7l2 r2,786 r3,886 r11,373 r2,377 6,424 r8,055 p51,825 pl5,7l5 p7!2 p2,486 p3,886 pi!,929 p2,372 p6,382 p8,343 12,694 7,322 7© 570 314 453 1,030 895 1,179 851 1,337 223 12,449 7,153 69 549 309 440 1,006 875 1,159 825 1,330 | 220 | 11,940 6,579 rU,721 r6,42l r 11,960 r6,72l 205 pi 1,908 p6,728 P73 p560 p307 p43l p943 p823 pi,032 p787 pi,197 p2ll 5,372 8,068 88 895 1,066 458 559 537 166 209 327 5,296 1,027 89 885 !,055 455 j 557 533 163 208 326 3,36! 1,878 100*6 j S00.3 157.3 j 96.5 94.8 155.7 39.9 40.2 39.5 711 Production workers In manufacturing industries: Lumber and wood products (except furniture)...••..do,... E1 ectr ica I mach i nery *. * do*... Food and kindred productSe«..«a«oo..eeo.e*eeee«e.*do**e« Apparel and other finished textile products.*.*.«ed©..e0 Paper and allied products.* •...•••••••••••••do.... Chemicals and uliied pr0dtJCts* o ... 999ea999e „ eo * B **d® a * 9 « ; Rubber products*..*••••••••«••••• •«••.«• ..•«»•• o ^ o . , ^ Leather and leather products**»•**.„*#e..«..*..«*.do*„*. f^anufaettiriftg production-worker indexes: Employments Unadjusted*****.***•••••••*•••••••I947-49«I00*. 102*6 I0I.8 160*7 PayroSIs, Mnadjusted*.*..•....•.. ••••••««••••••do***. Hours and earnings: 39.4 Average weekly hours per worker, all f®anufaeturing«.9hours*. 39.3 39*7 39.7 ®urable-goods industries*.........*•.......*.*..*....do.... j 39.0 1 Nondurable-goods indystrles......................#.,do.... 38*8 r/ Revised. i>/ Preliminary. J/ Except ordnance, machinery, m4 transportation equipment. http://fraser.stlouisfed.org/ 9215 Federal Reserve Bank of St. Louis 68 590 310 438 897 822 1,007 67 r73 r594 207 r578 r3l2 r43i r927 r825 r 1,024 r787 rl,l76 r208 r5,3©0 rl,M5 r5,239 r 1,048 313 r422 r899 r79l r 1,005 762 746 1,100 r992 96 860 1,055 447 548 SIS 158 188 321 r94 r84 r863 rl,05l r447 315 r868 r1,053 r446 r549 r5!6 r!57 r!96 r324 p5,180 p989 p82 p86l pi,057 p443 p553 p5!6 pl56 pl97 p326 94.8 93*4 r132.5 r96.7 r95.9 r158.1 p96.3 p95.9 pl60.l r39.8 r40. I r39.4 39.9 r40o3 r39.4 P 40.2 551 r5S7 r!53 r!95 p40.7 p39.6 MONTHLY BUSINESS STATISTICS — Confinutd 1957 1958 ITEM H©vender EMPLOYMENT AND WAGES - Continued Hoars and earnings - C©ntiny®d Average weekly gross earnings^ all maiHifactur1ng...do Slsrss ©nrafeS©-goods !ndaistries•••••••••••.,..•••••••• sd©Q8Q ffondtar @b 1 @-g©©ds 1 ndt«str ies.................... ©do^e . Average hourly gross earnings, all nanufactarirt§@ 9d©sse Ourab!@»g©©ff s Industries••••••••••••••••••••••• .d© e a a Ordnance and accessorIes..••...•..•..•••••••• .do... Lumber and wood products (except furniture).. ©0@© . o Furniture and f i x t 8 r e s 8 « , e e M O e e 9 » 8 , « » 8 » . » » . »doa®e Stone, clay, and glass products® e<sesae@08 » 0S , e •do... Primary metal indestries.............•••••••• .do..* Fabricated metal products J./..•••............ .d©... Machinery (except electrical)«. # * #9#a «««« #s#s ..do.. . E lectri c a 1 m a c h 1 n e r y . m«,®ae9@m@e0@@®9<as3l&®m®®m@ e,d0 03 o TransportatIon @qnIpnent..••••••••••••••••••• .do... Instruments and related pr©ducts @ @ e e a e f f l e @ s e , 0 Nondurab1e-goods I ndustr i es••••••••••••••••••••••...do... Food and kindred products.........•••••••••••••• »do 9 o e Tobacco manufactures............................. ..do... Text?le-miIS products... ................... •d©» 9a Apparel and other finished textile products..«,„,. .do... Paper and allied products....••••••••••••••••••.. • do.. s Printing, publishing, and allied Industries aeoS8 e d O e » ® Chemicals and allied products.............. «dO«»e Products ©f petroleum and coal . 9 e . *.«,..... os..ffi@ ..do... .do... Rubber products•••••••••••••• ....... . Leather and leather products,. .. .do... Labor turnover in manufacturing establishments: Accession rate..............monthly rate per 100 eraployees. Separation rate, total... •••••••••••••••••••••• • «<£©••. ..do... D I SChar§e. •••••••••••••••••••••••••••. »•»«.. Lay*"©? Te©e(S86©©«6®©©»©«e9s®®®i9s®©©a®s»®«®®a®a» ytll'T.........................................! Military and miscel laaeees................... 9 .d© 8 • •do. ..do. Decewfoer S@pt®«te©r 0et@fe@r ft®v«afe@r D©c@»ts>«~ 82.92 88.93 74. SI 2 . IS 2.24 2.40 1.84 1.76 2.11 2.54 2.23 2.33 2.10 2.5© 2.13 82.74 88.93 74.88 2J0 2.24 2 e 42 1.83 1.77 2.1© 2.55 2.22 2.34 2.11 2.48 2 . S4 85.39 92«46 779©3 2e14 2.3© 2.50 1.94 1.80 2ei6 2.73 2.29 2.39 2aS6 2.55 2.22 -r85.!7 r9le83 r76e83 2SI4 2.29 2.50 rl.95 1.79 2.11 2.74 2.28 r2.39 2.15 2.55 2e2I 86 a 5B r93 e 9® r77 e 22 2® 17 2.33 r2»5l rle79 r2 @ !5 r2.75 r2.3l r2.42 2.18 r2.63 r2.22 ©88 . ©4 pf5*65 p78.01 p2 e !9 p2.35 p2.53 pi .90 pi .79 P2.I6 p2.75 p2.33 p2.44 P2.I9 p2.66 p2.23 1.91 1.96 1.54 1.51 1.5© 2.08 2.52 2.26 2.73 2.33 1.57 1.92 1.97 1.54 1.50 1.5© 2*08 54 26 73 31 56 1.95 1.99 1.50 1.51 1.53 2.14 2.62 2.34 2.76 2.39 1.58 1.95 r2.00 rl.52 1.52 1.53 2.14 r2.63 2.34 2.74 2.39 8.58 1.96 r2.@4 rl.6l 1.52 1.52 2.15 r2.63 2.35 2.77 r2.4l 1.59 pS.97 p2.06 pS.65 pi.52 pi.52 P2.I6 p2.65 p2.36 p2.77 p2.43 p9.60 2.2 4.0 .2 2.7 .9 .2 1.7 3.8 .2 2.7 .7 .2 4.0 3.5 .2 1.6 1.5 .2 r3.4 r3.2 .2 rl.7 I.I .2 p2.7 p2.7 a.2 pl.6 .p.8 5,291 3,350 1,941 5,442 8,968 4,779 3,009 1,770 4,795 8,949 5,113 2,945 2,168 5,009 9,014 r5,700 r3,3!3 r2,388 r5,702 r9,008 p5,669 p3,!54 p2,5l6 p5,382 p9,297 5,606 462 783 736 2,113 5,093 636 645 653 1,831 5,386 394 810 56! 2,102 6,225 461 887 625 2,338 5,887 452 821 533 2,317 1,928 38,508 1,826 37,163 2,084 35,960 1,999 r39,40© 1,585 e33,8l© rl.92 pa METALS AND MANUFACTURES Iron and steel scraps Production and receipts, total•••••••.thoiis. ©f short tons. Home scrap produced.......................•*•.»•«...do... Purchased scrap received (net)..... do... Consumption, totaI ••••••••••••••.• do... Stocks, consumers', end of month. ....d©... Steel products, net shipments: Total (all grades) ••••••• do... PI ates ••... do... Bars and tool steel, total ...do... Pipe and tubing..... •••••••• do... Sheets and strips (Incl. electrical), total.... do... PETROLEUM, COAL, AND PRODUCTS Coal, productions Anthracite...„,...........«*.....„e<s..th©us. of short tons. Bituminous.. ea ............ ......•••»•..e*».do... jr/ Revised, JJ/ P r e l i m i n a r y . USC0MM-DC-92I5 £ / Corrected. 1/ Except ordnance, machinery, and t r a n s p o r t a t i o n equipment. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 2,324 38,230 PENALTY FOR PRIVATE USE TO A V O I D PAYMENT OF POSTAGE, $300
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