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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