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.•TMENTQf r „ July 29, 1960 BUSINESS u I AI l u I luO 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 t o those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS Billion Dollars 130 TOTAL LOANS A N D INVESTMENTS Billion Dollars 130 (average of Wednesday data) (Weekly Reporting A^ember Banks of Federal Reserve System) 120 H 120 I 10 H 110 -H 100 J F f i A M J J A S O N D Index, 1947-49= 100 300 ELECTRIC POWER PRODUCTION (by utilities) index, 1947-49 = 100 300 Weekly Monthly (E. E. S. seas. adj. index) 275 275 2 50 250 19S9 225 225 2 0 0 L J ' i * -J I n ii i I i 1957 I I I I I I I I I I 1958 1 I I I ULJLJL-JL-I-J-J.~JL_-L- \ 1959 Index, 1947-49= 100 130 I I I \ I I I I I960 1 1 1 ) 8 l I J F M A M J J I I I \ Ir I 200 ASOND ndex, 1947-49= 100 S30 CONSUMER PRICES COTTON CONSUMPTION (daily average; seas, adj.) - 120 125 11 I 10 120 Il5 I I 0 u/ AJ S957 J 100 IdJ M I I I I I M I I I i I i I M i » I I i t I I i I | f i i i I i i | i i f i i | | i S958 1959 I960 -1 90 L ^% 80 -LI I I 1 1 1 I I I I 1 __ljJ__l_L_LL —JLIJJ-JUJLLJ-. -11 1 U 1 I I 1 M i WEEKLY BUSINESS STATISTICS1 2 !959 I960 ITEM July 18 July 25 | July 2 July 9 July 16 July 23 Commodity prices, wholesale: .1947-49=100.. Insured unemployment, total 3/„...... Failures, industrial and commercial.. Finance: mi 1. of dol.. Federal Reserve bank credit outstanding, total 4/ do.... Member bank reserve balances 4/..... ,.. do..,. ........do.... Reporting member banks (of F.R.System) In lead ng cities: 5,/ ,mi1. of dol.. Time deposits, except interbank.............. do.... Loans and investments (adjusted), total...... do.... Commercial and Industrial loans (gross)..., s e s 8 S S »do« e e e Bond yields, domestfc corporate (Moody's) 4/.., Stock prices, 500 stocks (Stand. & Poor's) 55/.,.1941-43=10.. Production: Bituminous coal 4/...........-.... thous. ol short tons.. . of kw.-hr.e Motor vehicles (cars, trucks, coaches).... IOUS. of bbl.. short tons.. >us. of cars.. dn J/ Data do State; R.R.; Production, (147,633,670 86.7 118 1,503 1,367 242 *M9,5 *88.4 *I07.5 * 128.4 86.5 117 1,472 1,329 245 85.3 S26 1,658 1,547 278 85.3 108 1,849 1,733 271 32,194 28,462 18,640 411 32,036 28,705 18,976 488 31,867 27,739 18,343 489 61,199 30,882 105,457 31,502 28,499 12,259 61,973 30,837 104,671 30,702 28,585 12,262 4.72 59.59 64.08 119.7 89.3 108.4 128.3 85.9 S20 119.6 88.9 108.0 128.3 86.0 258 259 32,155 28,063 18,322 438 32,361 28,120 18,341 568 32,199 28,437 18 732 58,649 31,157 103,424 25,359 31,645 12,543 57,646 31,116 103,282 25,266 31,449 12,521 58,440 31,168 105,547 27,453 31,373 12,541 4.72 59.61 64.64 4.78 56.94 60.59 4.77 56.94 60.54 4.77 56.10 59.52 1,224 13,415 154,722 6,858 1,226 13,577 149,280 6,855 1,855 14,247 S50,2S7 6,811 776 13,031 104,955 6,831 1,213 14,208 125,52! 6,832 1,097 #38.7 585 299 365 #12.9 536 284 1,510 53.0 549 305 1,203 42.2 456 246 1,476 51.8 607 289 522 4.73 55.6! 58.90 131 564 1,550 54.4 not always cover calendar weeks. 2/ Tuesday prices. _3/ Includes data for Alaska and Hawaii, and for the following programs: Federal employees; and ex-servicemen. 4/ Daily average. 5./ Wednesday data. .6/ Estimates for week beginning July 25, I960: 1,533 thous. short tons; operating rate, 53.8 percent. * Monthly index for July 1959. # Based on Jan. I, 1959, annual capacity tons); I960 rates are based on Jan. I, I960, annual capacity (148,570,970 tons). MONTHLY BUSINESS STATISTICS 1959 I960 ITEM May March June Apr! I May June COMMODITY PRICES 1947-49*100, 124.0 124.5 125.7 126.2 126.3 *I26.5 do... do.., •..........•.• ..do.., do.., do.., do.. 127.3 121.6 115.9 117.4 112.7 145.2 127.5 122.2 116,6 118.2 112.8 145.4 Appare I do.., Food............ .........do.. Dairy products ..do.., Fruits and vegetables....... ...do.., Meats, poultry, and fish ...do.., Hous ing. ...*•••.....•• do.. Gas and electricity....*........... .do.. Housef urni shi ngs • .do.. Rent..... .....•••••......••.do.. MedicaI care. •.•••••••••••••••.••••.do.° 107.3 117.7 112.6 125.6 111.6 128.8 118.7 103.7 139.3 150.2 107.3 118.9 112.3 134.5 Hf.6 129.8 123.7 117.4 119.4 112.1 149.4 108.9 119.5 115.3 129.9 109.3 128, 119, 104, 139, 150.6 129.7 123.1 116.7 118.3 112.5 149.2 108.8 117.7 116.4 125.0 107.2 131.3 124.1 104.7 141.2 155.0 Persona I care.•••••••••••»••••••••••••••.•••••.••••••do.. Reading and recreation......... •*•••••do.. Transportation............. ...O00.»e,eee.e*.ffl..........do.. Pr s vate .....do.. Pub I ic........ ••••••••'••••••••••••••••'•••••••••••• «do„, Other goods and services......... ••••••••••••••do.. PURCHASING POWER OF THE DOLLAR AS MEASURED B Y — WhoIesaI e pr ices.....................................do.. Consumer pr I ces ,,. „. do.. FINANCE 130.7 117.8 145.4 134.5 192.7 128.4 131.1 118.1 145.9 134.9 192.7 129.2 S32.7 120.9 146.5 134.9 199.4 131.7 132.9 121.I 146.1 134.4 199.4 131.9 129.7 123.8 117.3 119.4 III.9 149.6 108.9 119.7 115.0 132.9 109.7 131.2 124.7 104.3 141.4 155.9 133.2 121.4 145.6 S33.9 199.4 131.9 129.7 124.0 117.6 119.8 IIS.5 149.7 108.9 120.3 115.0 136.1 110.3 131.3 124.7 104.3 141.6 156.1 133.2 12UI 145.8 134.1 199.7 132.0 83.4 80.6 83.5 80.3 83.3 79.6 83.3 79.2 83.5 79.2 **83.7 **79.I 4,294 2,237 513 4,400 2,262 526 4,616 2,428 609 4,690 2,446 594 4,747 2,468 565 4,812 2,487 CONSUMER PRICE INDEX, ALL ITEMS'..... Special group indexes: All items less food..... All items less shelter... A11 commodities Nondurab les. Durab les Serv i ces ...•••.. AGRICULTURAL LOANS AND DISCOUNTS OUTSTANDING OF AGENCIES SUPERVISED BY THE FARM CREDIT ADM.: Total .....................mil- of dol Farm mortgage loans: Federal land banks...........do.»es Loans to cooperatives,.... ••••••••••••••••••••<fc>***» 131.4 124.4 104.7 141.4 155.5 551 * Index based on 1935-39=100 is 211.5. ** Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.8; consumer prices, 47,3. http://fraser.stlouisfed.org/ 9037 Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — Continued 3 1959 I960 ITEM May March Apr! I May FINANCE - Continued FEDERAL GOVERNMENT FINANCE: Receipts, total.... mil. of do I, Receipts, net.... ................do.., Customs. •.•••*•• • .do.., Individual income taxes. •••••. do.,, Corporation Income taxes do.., Emp loyment taxes. do.., Other internal revenue and receipts... .......do.., 8,155 5,425 89 4,813 410 1,488 1,355 I 1,247 10,154 94 4,241 4,786 696 1,430 S2,2I7 9,581 105 3,332 6,192 1,149 1,439 7,468 5,074 91 4,290 619 858 1,609 9,725 6,555 91 5,783 467 1,918 1,466 6,164 650 5,515 8,631 689 7,942 6,424 784 5,640 6,041 772 5,269 6,079 772 5,307 5,745 784 637 4,324 6,266 6,284 1,092 576 4,616 5,842 913 597 4,332 6,069 929 656 4,484 thous. of lb, •••••.••......•.do.., .....ido..« .......thous. of gal, ........thous. of lb. 57,734 89,656 !,6I0 8,727 14,095 57,441 9,052 14,604 67,137 99,010 2,073 8,344 13,617 59,955 89,193 2,056 9.688 13,393 67,261 98,308 1,992 7,946 13,748 Ethyl acetate ( 8 5 | ) e s S 5 s s s 5 S S S S S ss8sssss455isdo,#! Ethy Iene g Iyco I •••••• .do.., Formaldehyde (37# HCHO) .*•.*« .-.-.do..'. Methano!: Natural «,..... thous. of gal, Synthet i c. do.., Phthalic anhydride ...thous. of lb, SYNTHETIC PLASTICS AND RESIN MATERIALS, PRODUCTION: Cellulose acetate and mixed ester plastics: Sheets, rods, and tubes... ...........thous. of lb, Molding and extrusion materials...... .......do.., Nitrocellulose sheets, rods, and tubes .......do.., Phenolic and other tar acid r e s i n s . . . . . . . . 8 . . . . 8 e e . s e d o s e s Po I ystyrene do.., 8.441 94,677 141,493 9,359 94,808 149,652 9,849 107,262 156,861 7,338 96,402 147,933 5,895 97,062 138,955 203 21,144 34,911 192 21,800 31,850 202 25,523 36,550 189 22,074 30,858 199 24,502 35,068 3,882 8,121 315 46,567 73,915 4,028 8,292 304 46,320 72,312 4,743 9,611 249 51,520 79,436 3,442 7,467 43,140 72,840 4,167 7,494 245 43,850 73,536 30,370 98,884 35,729 12,518 14,068 104,549 33,967 98,405 34,395 12,601 13,680 98,907 31,576 108,263 35,224 12,246 16,435 114,566 30,903 98,122 33,003 I 1,366 16,034 114,019 29,531 97,867 31,796 11,600 15,396 120,159 96,452 50,769 93,618 62,920 101,502 87,247 111,974 75,847 79,968 51,687 57,281 53,396 109,295 113,300 108,707 358 1,412 4,970 1,017 366 1,473 4,902 1,056 482 1,577 6,116 1,088 394 1,412 5,571 1,054 378 1,606 5,483 1,110 36.5 41.4 39.6 43.6 43.7 25.0 29.0 Expenditures, totaI........ do.., Interest on public debt. .. do.., All other expenditures ..................do.., LIFE INSURANCE WRITTEN (NEW PAID-FOR INSURANCE): Value, estimated total.. do.., Group and wholesale ....do.., I ndustr i a I •••............• do.., Ord I nary do.., 1,138 601 4,527 CHEMICALS AND ALLIED PRODUCTS ORGANIC CHEMICALS, PRODUCTION: Acetic acid (synthetic and natural) Acetic anhydride.••••••..••••• Acetylsal ley!ic acid (aspirin) Creosote oil..... • DDT Urea and melamine resins............. Vinyl res ins AI k yd resins.......... Rosin modifications...... Po I yester res ins Po I yethy I ene res ins ...........do.., ...do.., do.., do.., do.., do.., 88,733 1,393 FOOD AND KINDRED PRODUCTS 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 SLAUGHTER (FEDERALLY INSPECTED): Calves.. thous. of animals, Cattle do.., Hogs.. • .do.., Sheep and lambs «..•.•••..••..•• ..do.., VEGETABLE OILS AND RELATED PRODUCTS: Coconut oil: Production, crude....... ......mil. of lb, Corn o i I : Production, crude <•.•••••••••••••• do.., Cottonseed: Consumption (crushings)....... thous. of short tons, Stocks (at oil mills), end of month do.., Cottonseed cake and meaI: Product ion .......... do 6 ., Stocks (at oil mills), end of month................do.., Cottonseed oi I: Production, c r u d e . . o s a o 8 . . . . o a , * o e . e o e e , mi I. of lb, Flaxseed: Consumption (crushings)............thous. of short tons, Stocks (at oil mills), end of month........« 8 ....„.do. 8 Linseed o i I : Production, crude (raw)......................mi I. of lb Soybeans: Consumption (crushings).....„......thous. of short tons Stocks (at oil mills), end of month.......«„«....•.do.. Soybean cake and meaI: Production.... mil. of lb oa Stocks (at oil mills), end of month................do.. Soybean oi i: Production, crude...............................«,..do.. jr/ Revised. FRASER 9037 Digitized for £ / Preliminary. 25.4 26.9 28.6 179.2 233.1 116.6 130.0 528.3 953.4 373.7 596.0 252.4 357.3 85e9 170.5 55.1 153.7 246.7 140.8 175.8 188.9 116.9 204.5 65.4 41.5 181.3 130.9 86.7 46.8 58.6 37.9 48.7 45.6 54.4 40.5 27.8 30.4 20.0 33.5 26.8 32.5 29.5 21.7 1,091.6 1,520.2 994.7 1,346.5 1,039.8 1,922.6 992.8 1,620.2 r995.9 r1,405.4 1,685.0 299.2 1,540.4 306.4 1,562.2 171.8 1,507.6 247.8 r1,513.6 r269.8 385.5 355.2 379.4 366.4 r365.9 MONTHLY BUSINESS STATISTICS — Continued I960 1959 ITEM May June Apr I I March June May METALS AND MANUFACTURES Pig ironp production (excluding blast furnace production of ferroaI Ioys)......«.........*...thous. of short tons MACHINE TOOLS (METAL-CUTTING AND METAL-FORMING): New orders (net), t o t a L 0 0 < , a o a o e d o o e a o o e < > < ) 0 0 ( > ( 1 m i l of doS 0 Domest i c „ 8 9 8 9 9 , , „ ! 8 „ . „ ! ! „ e „ . e 1 , » , l , » » ^ o . . o e a a d o s a e ShIpments, totaI........ 0 ...«••••..........o..... ...do... ® s o d o e „. Estimated backlog (metal-cutting only)@aaeooQoooa «months 0 7,684 7,232 7,714 6,760 6,331 5,26! 48. 70 45 ffl 55 41. DO 36s 30 39 9 65.40 6O 0 IO 50 o 05 44 e 95 4e2 6l e 95 47.60 64 o 50 54.95 4e8 51.85 40e30 55 e l0 45.05 4.5 r49 D 95 r32.40 r56 e 35 r44 s 75 4.3 p55 s 00 p35.25 p64 e 25 P5I.60 p4e0 551 s 3 589 .1 237 .5 534 e 2 535.6 236.1 575 o 0 5S7 8 9 283a2 547e| 589 e0 241.3 563.1 569 s 5 234.9 566, 593, 208, 172A 166e 8 22 s5 484 »2 562 .4 167.9 161.4 29.0 428.9 579.8 172.3 I66 e 0 38.4 469*9 646 e i 168 e 7 173s5 33 9 6 476.9 651.1 173 @ 3 171.5 3584 5IO a 4 593 a 2 171, 174, 32, 461, 605, 703 823 888 708 710 858 19,239 17,592 9,586 19,262 17,596 11,411 19,310 17,599 9,844 492 8,989 19,315 17,589 9,827 491 8,964 19,325 17,604 11,740 PAPER AND PRINTING NEWSPRINT, CANADA (INCLUDING NEWFOUNDLAND); Product!on e s e a e e e e o a g ) f f l e o e < S ( O S O S o e a o e f f l e thous« of short tons a Shipments from ml I l s o e o e o a 5 S < 8 s e e 0 0B O S .. 0 » . . • o.«© . „ G e o e d o e e . Stocks a t ' m U l s , end of fflonth8000„80„6,9,ooo09oao»8do„, NEWSPRINT, UNITED STATES: Product i o n „ . . t o .et«.tdo,,, Shipments from iiiills,,,,,,^,,,,,,,,,,,,,,,,,,,,,^,,,.,^^,. Stocks at mi I Is, end of m o n t h o o o o o o e a s o e e o o o e o e s o e o o s d o e o o Consumption by pub I I s h e r s e e 8 6 e e e e e e e a o e o a f f l e J O & f f l e a e o e o 9 d o ? e « Stocks at and in transit to pubfishers,end of m o n t h 0 0 d o 0 0 0 TEXTILE PRODUCTS COTTON; ±/ thous„ of'bales. Consurapt l o n e o O f f i o e > o o s < ! , a o @ 6 s s s c > O B e a 0 O a e Manufactures? Spindle activity (cotton system spindles): Active spindles, last working day e s e s f f l e e o ^thousands*, Consuming 100 percent c o t t o n e B e e e s a e o e e Spindle hours operated, all fibers, total oomifIions 0 Average per working day.............. o. a 9 e » d o o e c Consuming 100 percent c o t t o n a Q 0 a e e < 9 o e o S ....••do... MANNADE FIBERS CRAYON AND ACETATE): Product I on: FI Iament yarn. B s e s o O Q ( s e e o s e e s o « > « ! > < S O aooo< B O *> e c .mi I. of !b a Staple, lncl e tow ( r a y o n ) 9 e a o s a a s . . * a s s e e . 9 Be do„, ea ,-.do... Stocks, producers 1 , end of month, total...... ,©do® &B FiIament yarn.•••••••••••••••••••••••••••.. Staple, incio tow (rayon).,................ 3edoeas 479 456 8,778 10,416 19,299 17,602 12,143 486 11,126 62 „0 30.3 89e3 43.9 45.4 63.9 31.6 86.8 43e9 42„9 r62.4 r28 6 5 115.0 6I07 53 e 3 r57 e 0 r24.8 118*8 r63 9 7 r55 6 l 59a0 r26e3 l20 o 3 64,4 55.9 5692 28.6 118.2 58 a 5 59c7 3,468 2,373 1,095 4,227 3,204 1,023 5,950 4,408 S,542 5,569 4,200 1,369 5,931 3,550 2,381 6,042 3,697 2,345 470 10,737 TRANSPORTATION EQUIPMENT RAILROAD EQUIPMENT, AMERICAN RAILWAY CAR INSTITUTE: Freight carss Shipments, totaI.................................number. Equipment manufacturers, total..t,OOS8>s.... S 6 B S e e * d o s o * Railroad and private-line shops, domestic........do... New orders, totaI........................... Equipment manufacturers, t o t a I B S S . . . . e o . . . Railroad and private-line shops, d o m e s t i c „.do.e,e 080do.SS!> 5,298 3,510 1,788 8,369 7,253 1,116 rl,96l rl,84l 120 5,541 4,546 995 r2,22! 1,662 r559 32 S 244 77 Unfilled orders, end of month.« s o e Equipment manufacturers, total e a Railroad and private-line shops, domestic o e O*»do.oeo eo 0 do f i ... ...do., os 37,249 16,128 21, 121 41,084 20,170 20,914 42,334 20,149 22,185 41,206 20,485 20,721 36,321 18,607 17,714 29,770 14,349 r/ Revised. £ / Preliminary., USC0MM-DC-9037 aa.dO.... 15,421 ±/ Data for June 1959 and March and June I960 cover 5 weeks; other months, 4 weeks. PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT OF CURRENT Digitized forSURVEY FRASER BUSINESS