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JANUARY 4, 1974

BUSINESS
STATISTICS

A WEEKLY
SUPPLEMENT
TO THE
SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
Billion $
350

Billion
350

TOTAL LOANS A N D INVESTMENTS
(Weekly Reporting Member Banks of Federal Reserve System)

325

300

275

—

—

250

Monthly
(average of Wednesday

v

T

m

i

i

, I I I

i

i

i

i

i

i

i

i

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i

1971

1970

Data: Federal Reserve Board

-J—L-J—l™J—1

I I I '1 i

L.JL

i

i i

1972

i

1 i

data)
i

i

i

i
J F M A M J

1973

J

1967 = 100
170

ELECTRIC POWER PRODUCTION

A S O N D

1

1967 = 100
170
(by utilities)

(E. E. I. seas. adj. index)

160

150

140

130
Monthy

1970

1971

1972

J F M A M J J A S O N D

1973

Data: Edison Electric Inst.

1941-43 = 10

1941-43 = 10
140

PRICES OF 425 INDUSTRIAL STOCKS

130
120

1973
-

-

1972

-

\

100

—

/

-

\

-

80

1 , 1 1 J 1 1 L-l

1970

1971

1 1 1

I,I

i

i

i.l

I,I

i

i

i

1972

Data: Stand. & Poor's Corp.

* Available only with subscription to the SURVEY OF CURRENT BUSINESS, this Supplement
and monthly data subsequent to those published in the latest monthly SURVEY

provides selected weekly



i

i

i i

i

1 i

1973

i

i

i

i
J

130
120
110
100

~

90

i i I i i 1 i i i i i
F M A M J J A S O N D

80

Weekly
(Wednesday close)

Monthly
(avg. of daily close)

J ^

V

-

110

90

A /

140

I

WEEKLY BUSINESS STATISTICS1

2

1972
Dec. 23
WHOLESALE PRICES, 22 COMMODITIES 2/

1973
Dec, 8

Dec. 30

Dec. 15

Dec. 22

198.1

207.8

205.4

11,213
8,158

12,103
8,812

1967=100,

130.6

131.6

mil. $.
do..,

12,749
9,213

8,911
6,079

INITIAL UNEMPLOYMENT CLAIMS, State programs
thous,
INSURED UNEMPLOYMENT, all programs
do...
State programs (50 States, D.C., and Puerto Rico)....do...
FAILURES, INDUST. AND COMMERCIAL (Dun & Bradstreet)..number.

327
1,940
1,760
145

339
2,227
2,009
141

346
1,815
1,705
203

342
188

174

FINANCE:
Currency in circulation 3/
....mil. $.
Federal Reserve bank credit outstanding, total 3_/....do...
Member bank reserve balances 3_l
do...
Excess reserves, estimated 3_/
do..,

66,191
77,088
31,408
206

66,575
77,606
31,441
189

70,493
84,515
34,851
376

71,229
83,598
34,366
-108

71,682
85,480
35,128
263

Assets and liabilities of large commercial banks: 4/
Demand deposits, adjusted
do...
Savings deposits
do...
Loans and investments, gross adjusted, total
do...
U.S. Government obiigations
do...
Commercial and industrial loans (gross)
do...
Real estate loans (gross)
do...

101,990
58,101
308,314
28,206
90,702
45,833

104,029
58,294
311,813
28,650
91,003
45,891

100,757
56,383
346,199
25,974
107,993
54,473

102,784
56,304
349,779
26,201
108,2 73
54,723

103,634
56,272
350,530
25,382
108,943
54,836

Bond yields, domestic corporate (Moody's) 3/
percent.
Stock prices, 500 stocks (Stand. & Poor's) 4/..1941-43=10.
Industrial, 425 stocks
do...

7.48
115.95
129.33

7.48
116.93
130.59

8.02
92.16
103.37

8.04
93.57
104.75

106.21

....thous. sh. tons.
mil. kw.-hr.
number.
thous. bbl.

9,995
35,914
204,209
9,473

8,620
32,440
84
9,416

12,805
34,700
202,156
9,051

12,550
36,113
189,407
8,987

thous. sh. tons.
1967=100.

2,686

110.1

2,603
106.7

2,907
119.2

2,926
119.9

bil.

14.9

12.1

17.1

ALL RETAIL STORES, SALES
Nondurable goods stores

PRODUCTION:
Bituminous coal
Electric power, by utilities
Motor vehicles (passenger cars)
Petroleum (crude) and condensate 3/
Steel, raw
Index of production
RAIL FREIGHT, REVENUE TON-MILES

1_/ Data do not always cover calendar weeks.

2J Tuesday price.

MONTHLY

3_/ Daily average.

k) Wednesday data.

8.06
94.82

127,399

* Friday price.

BUSINESS STATISTICS
1972

1973

ITEM
Oct.

Nov.

Aug.

Sept.

Oct.

Nov.

37 ,058
5 ,138
10 ,155

36,503
5,025
10,208

37 ,291
5,,846
8 ,281

40 ,945
6 ,155
10,134

42,285
r6,345
rll, 158

41,784
6,405
11,338

36 ,302
5,,437
9,,820

36,870
5,349
9,915

39,633
6,,165
10;,281

40,162
6,,266
10,,697

r41,567
r6,730
rl0,809

42,308
6,816
11,048

2,,734
10.,539
8,,966
1,,573

2,922
10,737
9,165
1,572

3,084
11,,687
10, ,135
1,,552

3,,042
12,032
10,,425
1.,607

r3,152
rl2,096
rlO,386
rl,710

3,169
12,381
10,741
1,640

37,,690

36,827

39,,737

42,,703

r44,517

43,724

37.,127
5.,512
10,,150

37,462
5,449
9,813

42,,689
7,,150
10,,948

42.,259
6,,325
10.,978

r44,037
r6,868
rll,368

44,164
6,750
11,412

2,,797
11,062
9,,625
1,,437

2,860
11,124
9,699
1,425

2,,996
12,,887
11,,032
1,855

3,,055
12,,832
11,,267
1.,565

r3,220
r13,488
rll,595
rl,893

3,276
13,669
11,883
1,786

78,,927

79,251

101,441

103,,198

rl05,436

107,381

79,,683
7,,874
25,584

80,275
7,974
25,482

102.,621
14.,798
29,,598

104,,716
14,,857
29,,878

rl07,185
rl4,996
r30,437

109,041
14,932
30,800

GENERAL BUSINESS INDICATORS
MANUFACTURERS' SHIPMENTS: 1/
Value (not seasonally adjusted):
mil. $..
Value (seasonally adjusted):
Durable goods industries, total
Primary metals
Transportation equipment
Supplementary series:
Household durables
Capital goods industries
Nondef ense
MANUFACTURERS' ORDERS: 1/
New orders, net (not seasonally adjusted):
New orders, net (seasonally adjusted):
Primary metals....
Supplementary series:
Household durables
Capital goods industries

Unfilled orders, end of month (unadjusted):
Durable goods industries, total
Unfilled orders, end of month (seasonally adjusted)
Durable goods industries, total

r/ Revised.

_1/ Data for Nov. 1973 are advance estimates.

11,546




MONTHLY BUSINESS STATISTICS — Continued

3
1973

19 72
ITEM
Oct.

Nov.

2,035
48,644
29,208
19,436

Aug.

Sept.

Oct.

Nov.

1,973
49,031
29,742
19,289

2,201
57,974
37,202
20,772

2,213
58,771
38,042
20,729

r2 ,281
r60,165
r39,253
r20,912

2,390
61,449
40,393
21,056

26,736
2 7^ 417

23,991
26 ^ 387

27,510
27^696

P 26^277

140.4
110.9

140.7
110.8

147.6
109.3

rl49.0
r110.0

rl49.7
rl09.6

pl50.1
pi09.0

139.13
109.89

138.76
"109.28

145.04
107.39

rl47.31
rl08.72

147.26
107.80

pl47.63
pl07.23

123,43
97.49

123.14
96.98

127=11
94.11

rl28.87
r95.11

128.82
94.30

pl29.ll
p93.78

7.59

7.52

8.04

8.06

7.96

8.02

7.21
7.45
7.64
8.06

7-12
7.39
7.58
7.99

7.68
7.84
8.11
8.53

7.63
7.86
8.11
, 8.63

7.60
7.84
7.98
8.41

7.67
7.90
8.07
8.42

7.36
7.63
7.97

7.28
7.55
7.95

7.91
8.06
8.32

7.89
8.09
8.37

7.76
8.04
8.24

7.81
8.11
8.28

8.98
9.62
4.89
3.79
7.31
11.02

9.21
9.97
4.90
3.83
7.31
11.02

9.59
10.53
5.02
4.06
7.54
13.23

9.62
10.58
5.03
4.06
7.54
11.88

9.73
10.75
5.03
4.09
7.55
11.88

10.16
11.22
5.03
4.09
7.55
11.90

....do....

295.56
365.83
83.36
83.85

309.50
383.21
86.86
93.33

279.26
350.38
67.87
71.44

287.99
357.90
72.38
77.35

r288.50
361.44
68.21
80.73

258.72
320.11
60.95
83.86

.percent..

3.04
2.63
5.87
4.52
3.05
2.70

3.43
3.01
7.40
5.68
2.83
3.69

3.34
2.96
6.95
5.25
2.75
3.20

3.37
2.97
7.37
5.07
2.70
3.28

3.93
3.51
8.25
4.88
3.02
3.38

GENERAL BUSINESS INDICATORS—Con.
MANUFACTURERS' ORDERS—Con. 1/
Unfilled orders, end of month (seas, adj.)—Con.
Supplementary series:

NEW BUSINESS INCORPORATIONS (Dun & Bradstreet, Inc
Unadjusted......................................
Seasonally adjusted.............................

do....

p23,465

LABOR FORCE, EMPLOYMENT, AND EARNINGS
Earnings per production or nonsupervisory worker on payrolls of private nonfarm establishments:
Average hourly earnings index, seasonally adjusted:
1967=100..
1967 dollars
Gross average weekly earnings:

Spendable average weekly earnings (married worker with
three dependents):

FINANCE
SECURITY MARKETS:
BONDS:
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
Baa
By group:

.percent..

STOCKS:
Dividend rates, prices, yields, common stocks (Moody ' s) :
Dividends per share, annual rate, composite. .dollars..
Public utilities
N.Y. banks
Property and casualty insurance companies. ....do....
Price per share, end of mo., composite

N.Y. banks
Property and casualty insurance companies.
do
Prices:
Standard & Poor's Corporation:
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43-10..
Industrial, total (425 stocks)
Consumers' goods (184 stocks)

....do....

2.98
2.60
5.64
4.10
3.17
2 = 52

109.56
122.39
119.50
112.94
56.66
41.20

115.05
128.29
122.11
119.51
61.16
42.41

103.80
116.75
115.98
104.35
50.14
33.76

105.61
118.52
116.60
105.16
52.31
35.49

109.84
123.42
122.30
106.58
53.22
38.24

102.03
114.64
115.48
96.97
48.30
39.74

63.99
118.20
133.04

63.45
117.74
149.68

66.62
102.43
114.02

71.08
107.24
115.33

73.43
113.30
119.88

69.63
107.01
117.72

4,508.5
4,441.0
4,316.3
4,447.2

4,613.5
4,582.9
4,472.9
;4,527.2

5,810.4
5,778.5
6,004.3
5,706.5

6,015.6
5,959.0
6,448.4
5,936.5

6,783.5
6,749.3
6,431.6
6,668.1

7,127.7
7,091.1
6,819.0
7,037.8

550.6
85.8
500.0

615.7
94.8
506.0

1,207.5
77.3
558.9

1,191.0
92.9
506.3

1,216.0
110.6
749.8

1,385.2
128.7
892.2

137.1
35.2
392.9

146.9
47.8
331.9

153.6
60.2
516.6

177.1
59.1
553.1

156.2
61.4
655.0

Bank s:
Outside New York City (16 stocks)
Property liability insurance (16 stocks)..

do
do

FOREIGN TRADE
EXPORTS (MDSE.), INCL. REEXPORTS, TOTAL

..mil. $..

By commodity groups and principal commodities:

Crude materials, inedible, exc. fuels

....do....

Animal and vegetable oils, fats, waxes

....do....

r j Revised. 1/ Data



for Nov. 1973 are advance estimates.

121 o 6
66.2
505.6

MONTHLY BUSINESS STATISTICS—Continued 3
1972

1973

Oct.

Nov.

Aug.

Sept.

• mil. $o
...do..,
, e9 do.. g
...do...
.do.
.do.

445.7
1,885.9
334.8
754.8
131.0

426.4
1,904.1
341.3
721.8
264.9
128.7

607.1
2,067.6
414.1
665.4
331.0
126.8

648.8
2,319.4
429.9
885.8
336.9
147.7

709.2
2,551.0
489.1
919.0
378.5
163.8

731.3
2,564.0
466.1
1,009.3
373.3
178.6

GENERAL IMPORTS5 TOTAL... 8 . o o s .. B o e .,..e
...do..6
Seasonally adjusted®
.................do...
By commodity groups and principal commodities:
Food and live animals
do...
Beverages and tobacco
..(.......................do...
Crude materials, inedible, exc. fuels. 08 .. 0 o....». 0 ..do, 0 .
Mineral fuels, lubricants, etc..8,..,9.........1.....do...
Animal and vegetable oils and fats,.,,,...
,.8.do...

5,008.5
4.737.5

5,201.4
5,147.9

5,997.4
6,020.9

5,286.3
5,575.1

6,373.3
5,904.5

6.787.2
6.733.3

585.1
107.1
347.3
412.4
15.5

545.1
117.3
383 1
417 0
10.1

696.9
91.2
408.7
776.4
23.5

615.7
91.0
386.8
694.9
21.2

707.0
128.0
490.7
794.7
25.5

809.0
127.0
478.7
908.3
37.4

Chemicals. ...........................................do...
Manufactured goods. ................................a .do...
Machinery and transport equipment
do...
Miscellaneous manufactured articles,.,,.,.....,.<,..s,.do...
Commodities not classified.....
....,.......do...

165.8
1,086.4
1.523.6
618.2
147.1

177.4
,072.5
,713.6
621.4
143.9

189.2
968.9
,507.6
666.2
144.9

206.1
1,136.0
1,943.9
781.3
160.2

216.2
1,239.6
2,055.2
772.2
143.4

1,069
932
137
11.2
9.6

1,032
891
141
11.6
9.8

838
686
152
11.6
9.9
1.7

875
754
121
11.6
1.5

979
858
121
9.8
8.4
1.3

p912
778
pl34
plO.l
p8.4
pi.8

1,387
1,553
1.9

1,360
1,478
1.7

1,479
1,664
2.4

1,628
1,812

FOREIGN TRADE ~

Oct.

Nov.

Con.

GENERAL E X P O R T S — C o m
By commodity groups - Con*
Manufactured goods.......................
Machinery and transport equipment, total®
Electrical
Transport equipment, total
Miscellaneous manufactured article
Commodities not classified........

282.8

206,
1,135.
1,683.
820.
155.

TRANSPORTATION EQUIPMENT
RETAIL SALES, NEW PASSENGER CARS:
Total, not seasonally adjusted...................
Domestics
Imports
a...................
Total, seasonally adjusted at annual rates.......
Domestics
Imports........................................
Retail inventories, new cars (domestics), end of month
Not seasonally adjusted..........................
Seasonally adjusted®.............................
Inventory-sales ratio, new cars (domestics)........

1.6

1,288
1,492
1.9

1.8

1,313
1,473

1.8

10.2

jd/ Preliminary.
USCOMM—DC--11,546

UNITED STATES
G O V E R N M E N T PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
W A S H I N G T O N , D.C.
20402

POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
375

OFFICIAL BUSINESS

First-Class Mail

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2.6