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July 12, 1968 A WEEKLY BUSINESS STATISTICS SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS* U.S. DEPARTMENT OF COMMERCE / OFFICE OF BUSINESS ECONOMICS Index, 1941-43 = Index, 1941-43 = 10 120 PRICES OF 425 INDUSTRIAL STOCKS 110 — > H v/ 100 - ~\ -J 90 80 70 Month/ (avg. of daily close) .. L_J 1 1 1 1 1 1 1 1 1 i i i i i 1965 1 i i i i i 1 1966 l I i i i 1 1 1 1 1 1 1 1 1 1 1 1967 J FMAMJ 1968 JASOND Data: Stand. & Poor's Corp. Index, 1957-59 = 100 250 Index, 1957-59=100 250 RAW 200 STEEL P R O D U C T I O N (ingots and all other forms) - - 150 100 r X 200 ' - Monthly 5 0 _i__i I I 1 1 I I I I I i i i i 1965 i 1 i i i i i 1 I i l l 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1967 1966 J F M A M J J A S O N D 1968 Data: Amer. Iron & Steel Inst. Billion Dollars NEW 80 CONSTRUCTION (Seas, adj., at annual rates) h Dollars 3.00 2.801|_ Total Put in Place 60 2.60 h 2.40 40 i i i i i i i i i 1965 Data: U.S. Dept. of Commerce 1966 fj-n\ k— * I I I I I I I I I I I I I I I I 1967 1968 2.00 46 ] H 44 42 /v J Average Hours Per Week (right scale) 40 38 i i i i i 1 11 i i i 1 i i i i i 1 i i i i i i i i i i 1 i i j i i 1 1 1 1 1 I t 1 1 1 1 1 1965 Data: U.S. Dept. of Labor * Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $6.00 annually, this Supplement weekly and monthly data subsequent to those published in the latest monthly SURVEY provides selected ^«- / J Average Hourly Gross Earnings (left scale) 2.20 | \ ^ " " i I i I I l i I i (Hours seasonally adjusted) L ^ v — • - * • • Private Residential (nonfarm) 20 MANUFACTURING HOURS & EARNINGS Hours 48 1966 1967 1968 2 WEEKLY BUSINESS STATISTICS1 1967 1968 ITEM July 8 July 1 WHOLESALE PRICES, 22 COMMODITIES 2 / „ ALL RETAIL STORES, SALES Nondurable goods stores 0 „ 98.3 97.9 94.1 94.0 94.3 5,792 3,984 6,703 4,491 6,518 4,267 6,780 4,317 206 1,030 979 243 324 1,196 1,139 158 154 944 883 202 152 934 872 191 44,574 47,642 23,547 431 44,856 48,543 23,884 462 47,506 53,242 25,404 323 47,574 53,537 25,585 261 47,440 54,685 26,202 566 73,302 47,872 192,138 24,197 63,820 27,616 73,061 47,848 192,957 24,348 64,052 27,519 77,474 48,465 206,297 26,451 67,663 29,985 76,302 48,463 208,868 26,505 68,999 30,095 78,114 48,598 207,964 25,633 69,232 30,196 5.82 91.31 98.55 5.86 91.36 98.52 6.63 *101.66 *111.28 6.63 *99.99 #109.01 6.61 •*100.08 *108.80 2,504 23,898 208,688 8,586 2,607 21,766 157,686 8,918 1,948 25,632 254,623 9,146 2,207 26,114 248,956 9,187 2,173 116.6 2,143 115.0 1,957 26,188 246,159 9,14-9 2,776 149.0 2,790 149.8 2,785 149.5 12.8 10.5 15.6 Assets and liabilities of large commercial banks: ij Demand deposits, adjusted mil..$.. Savings deposits .. „ do.... Loans and investments (adjusted), total do.... U.S. Government obligations do.... Commercial and industrial loans (gross) do..., Real estate loans (gross) do.... Bond yields, domestic corporate (Moody's) %/ percent.. Stock prices, 500 stocks (Stand. & Poor's) £/„.. 1941-43^10., Industrials, 425 stocks „ do.... PRODUCTION: Bituminous coal 2 / thous. sh. tons.. Electric power, by utilities „...„. mil. kw.-hr.. Motor vehicles (cars, trucks, buses)„. uo.number.. Petroleum (crude) and condensate ^/.. . thous. bbl. „ thous- sh„ tons.. 1957-59=100o. RAIL FREIGHT, REVENUE TON MILES •. June 29 6,481 4,142 FINANCE: Currency in circulation 2 / mil. $.. Federal Reserve bank credit outstanding, total i/« ...do Member bank reserve balances 2 / „ do.... Excess reserves, estimated 2 / do. .. . Index of production June 22 mil. $.. do.... INITIAL UNEMPIOYMENT 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.„ Steel, raw June 15 1957-59-100u. bil.. 1/ Data do not always cover calendar weeks. 2/ Tuesday price MONTHLY July 6 93.9 174 °""l45 1VL. 134 47,644 54,613 25,762 87 6.61 100.91 109.80 174,937 2,697 144.8 14-3 2 / Daily average, ij Wednesday data. * Tuesday averages. BUSINESS STATISTICS 1968 1967 ITEM May June Mar. Apr. June JD/ May CONSTRUCTION AND REAL ESTATE mil. $.„ do.... do.... . .do.... 6,306 4,023 1,868 1,380 6,674 4,316 2,110 1,599 r5,902 3,904 1,873 1,468 r6,634 r4,350 r2,l6l rl,702 7,100 4,613 2,413 1,919 Nonresidential buildings, total 1/ do.... Industrial ......... do.... Commercial do.... Public, total do.... NEW CONSTRUCTS PUT IN PLACE (SEASONALLY ADJUSTED AT ANNUAL RATES), TOTAL bil. $.. Private, total do.... Residential (nonfarm) do... • 1,501 499 597 2,283 1,509 515 577 2,358 rl,537 r442 r676 r2,284 1,513 423 676 2,487 73.9 47.8 22.1 72.4 48.1 22.9 1,427 430 587 rl,998 r83.2 54.9 27.4 r83.2 r54.8 r27.9 83.6 54.9 28.6 Nonresidential buildings, total 1/ do.... Industrial do.... Commercial do.... Public, total do.... CONSTRUCTION CONTRACTS IN 48 STATES (F.W. Dodge Co.): TOTAL VALUATION mil. $.. Index (seasonally adjusted) 1957-59=100.. Building, total mil. $.. CONSTRUCTION COST INDEXES: DEPARTMENT OF COMMERCE COMPOSITE 1957-59=100.. LABOR FORCE, EMPLOYMENT, AND EARNINGS 17.8 6.0 7.1 26.1 17.3 5.9 6.7 24.3 rl8.7 5.3 • r8.4 r28.4 18.0 5.1 8.0 28.7 5,095 154 3,810 5,414 164 4,070 126 19.2 5.5 8.2 r28.4 5,417 176 4,055 r!31 4,878 146 3,S34 6,170 172 4,770 67,656 609 3,330 19,607 11,495 8,112 4,332 r67,755 632 r3,313 rl9,657 rll,533 r8,124 4,331 NEW CONSTRUCTION PUT IN PLACE (UNADJ.), TOTAL Private, total ,. -, Residential (nonfarm) New housing units EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS): Total, seasonally adjusted thous. « Mining .....<. „„,....,«.aeU»....... do „.,,• Contract construction „ do.... Manufacturing do.... Durable goods industries do.... Nondurable goods industries do.... Transportation, communication, electric, gas, etc.do...„ 124 65,677 622 3,159 19,346 11,389 7,957 4,273 r/ Revised. ja/ Preliminary. 1/ Excludes farm and public utilities. 6006 65,821 621 3,131 19,356 11,369 7,987 4,276 131 132 r67,781 r631 r3,248 rl9,685 rll,541 r8,144 r4,283 67,863 627 3,169 19,725 11,548 8,177 4,320 MONTHLY BUSINESS STATISTICS—Continued 3 1968 1967 ITEM May June Mar. 13,564 3,528 10,036 3,199 9,996 11,518 2,701 8,817 13,573 3,535 10,038 3,214 10,032 11,618 2,747 8,871 13,999 3,632 10,367 3,311 10,415 12,053 2,718 9,335 rl4,009 r3,641 rl0,368 r3,323 rl0,402 rl2,088 2,717 r9,371 rl4,Q39 r3,652 rl0,387 3,333 rl0,423 rl2,139 r2,721 r9,418 14,227 8,332 5,895 14,222 8,307 5,915 14,386 8,371 6,015 rl4,439 r8,406 r6,033 r44,441 r8,398 r6,043 40.5 3.3 41.0 3.3 39.5 3.1 40.4 3.2 41.0 3.3 39.6 3.1 40.7 3.4 U.4 3.7 39.8 3.3 r40.1 r3.0 r40.7 r3.1 39.2 2.8 r40.9 r3.7 r41.5 r3.8 r39.8 3.3 114.7 120.6 107.1 114.7 120.2 107.7 117.0 122.3 110.1 rll5.4 rl20.7 rl08.5 rUL7.7 rl23.1 rll0.7 2.81 2.70 2.99 2.87 2.55 2.46 2.82 2.71 2.99 2.88 2.56 2.46 2.96 2.85 3.14 3.02 2.69 2.59 2.97 2.86 r3.I5 3.03 2.70 2.61 r2.99 r2.87 r3.18 3.04 2.72 r2.62 mil. $. do... do... do... do... do... 93,917 74,290 30,852 19,442 3,670 20,326 94,813 75,051 31,208 19,580 3,696 20,567 97,875 77,581 31,380 20,692 3,636 21,873 99,142 78,345 31,766 20,802 3,649 22,128 100,275 79,270 32,240 20,953 3,699 22,378 do... do... do... do... do... do. •. do... do... 65,733 32,560 16,615 8,665 5,947 1,946 8,557 494 66,452 32,966 16,721 8,826 5,995 1,944 8,599 502 68,570 34,411 16,700 9,172 6,289 1,998 9,011 514 69,332 34,908 16,790 9,311 6,336 1,987 9,013 522 70,231 35,450 16,892 9,475 6,361 2,053 9,039 531 do... do... do... do... do... do.. • do... 19,627 8,017 6,848 1,169 6,331 939 5,379 19,762 8,077 6,902 1,175 6,334 965 5,351 20,294 8,370 7,136 1,234 6,263 1,025 5,661 20,797 8,488 7,246 1,242 6,559 1,069 5,750 21,005 8,508 7,242 1,266 6,830 1,092 5,667 do... do... do..., do... 7,062 2,559 2,074 2,429 7,458 2,678 2,155 2,625 7,100 2,589 2,140 2,371 7,694 2,789 2,280 2,625 7,883 2,875 2,334 2,674 do. do. do. do. 6,612 2,342 2,008 2,262 6,697 2,322 2,017 2,358 6,846 2,346 2,233 2,267 6,930 2,403 2,170 2,357 6,958 2,401 2,183 2,374 do. do. do. do. 6,554 2,238 2,032 2,284 6,823 2,338 2,081 2,404 7,380 2,567 2,331 2,482 7,342 2,517 2,354 2,471 7,479 2,578 2,319 2,582 do. do. do. do. 6,361 2,219 1,948 2,194 6,531 2,281 1,995 2,255 6,814 2,330 2,173 2,311 6,800 2,339 2,159 2,302 6,869 2,343 2,159 2,367 mil. do. do. do. 11,925 8,280 3,002 643 11,370 8,140 2,644 586 14,421 9,036 4,773 612 11,786 8,796 2,433 557 12,450 9,149 2,698 603 Apr. May LABOR FORCE, EMPLOYMENT, AND EARNINGS—Con. EMPLOYEES ON PAYROLLS (NONAG. ESTAB.), seas. adj.~Con. Wholesale and retail trade thous. Wholesale trade do... Retail trade do... Finance, insurance, and real estate do... Services do... Government .do.. • Federal do... State and local do... PRODUCTION WORKERS (MFG.PAYROLLS), TOTAL, seas, adj do... Durable goods industries .....do... Nondurable goods industries do... HOURS (GROSS), AVG. WEEKLY PER PROD. WORKER (MFG. PAYROLLS): Manufacturing, seasonally adjusted hours. Overtime hours do... Durable goods industries do... Overtime hours do... Nondurable goods industries do... Overtime hours do... MAN-HOUR INDEXES, AGGREGATE WEEKLY, seas, adjusted: Manufacturing 1957-59=100. Durable goods industries do... Nondurable goods industries do... HOURLY EARNINGS, AVERAGE PER PROD. WORKER (MFG.PAYROLLS): Manufacturing, not seasonally adjusted dol lars. Excluding overtime do... Durable goods industries do... Excluding overtime do... Nondurable goods industries do... Excluding overtime do... FINANCE CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM): Total outstanding, end of mo Installment credit, total Automobile paper Other consumer goods paper Repair and modernization loans Personal loans By type of holder: Financial institutions, total Commercial banks Sales finance companies Credit unions Consumer finance companies Other Retail outlets, total Automobile dealers Noninstallment credit, total Single-payment loans, total Commercial banks Other financial institutions Charge accounts, total Credit cards Service credit Installment credit extended and repaid: Unadjusted: Extended, total Automobile paper Other consumer goods paper All other Repaid, total Automobile paper Other consumer goods paper All other Seasonally adjusted: Extended, total Automobile paper Other consumer goods paper All other Repaid, total Automobile paper Other consumer goods paper All other Life Insurance Agency Management Association: Insurance written (new paid-for insurance): Value, estimated total Ordinary Group and mass-marketed ordinary Industrial r / Revised, ja/ Preliminary. 6006 MONTHLY BUSINESS STATISTICS—Continued 4 1968 1967 ITEM May June Mar. Apr. May June FINANCE—Continued SECURITY MARKETS: BONDS: Prices (Stand. & Poor's Corporation): Industrial, utility, and railroad (AAA issues): Composite dol. per $100 bond. Domestic municipal (15 bonds) .....................do... STOCKS: Prices: Dow-Jones averages (65 stocks) Industrial (30 stocks) Public utility (15 stocks) Railroads (20 stocks) Standard & Poor's Corporation: Industrial, public utility, and railroad: Combined index (500 stocks) 1941-43=10. Industrial, total (425 stocks) do... Capital goods (130 stocks) do... Consumers' goods (181 stocks) do... Public utility (55 stocks) ..do... Railroad (20 stocks) do... Banks: New York City (9 stocks) .do... Outside New York City (16 stocks) do... Fire and casualty insurance (16 stocks) do... New York Stock Exchange common stock indexes: Composite .12/31/65=50. Industrial do... Transportation do. •. Utility < do... Finance .do.. „ Sales (Securities and Exchange Commission): Total on all registered exchanges: Market value mil. $. Shares sold millions. On New York Stock Exchange: Market value mil. $. Shares sold millions. $3.4 101.1 81.7 100.2 76.9 92.7 76 B2 94.7 75.3 92.7 75.6 92.8 315o57 883.74 337 o 15 238.27 318.12 872.66 131.92 253.90 292.86 834.76 123.66 217.94 309.31 893.37 123.59 230.63 318.17 905.22 122.72 246.85 327.12 906.82 127.66 262.95 92.59 99.59 95.10 79.13 70.70 47.00 91.43 98.61 96.34 78.94 67.39 48.19 89.09 96.77 96.32 77.49 62.62 41.68 95.67 104.42 104.08 84.79 63.66 44.79 97.87 107.02 106.86 87.75 62.92 48.00 100.53 109.73 110.65 35.43 65.81 62.60 35.35 63.97 61.34 38.38 70.59 53.31 40.35 73.18 53.61 42.19 76.43 59.23 43.72 79.66 72.52 51.00 51.78 55.76 47.20 48.17 50.54 51.55 54.97 45.95 47.51 49.48 51.54 43.29 41.78 52.98 53.23 56.03 46.85 42.46 57.56 54.85 58.04 49.92 42.07 60.43 56.64 59.83 52.86 43.30 64.60 14,411 397 13,891 374 12,632 336 17,571 453 20,012 568 11,335 257 10,801 243 9,672 221 13,310 298 14,341 333 89.04 65.21 51.72 USCCMM-DC—6006 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON, D.C. 20402 OFFICIAL BUSINESS First-Class Mail WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS POSTAGE A N D FEES PAID U.S. GOVERNMENT PRINTING OFFICE