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June 12, 1959 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS L I II • ^ W » M » » M - W » r H M M M - M ^ . W » m - l « M I I W W W » M » M M y ^ M » M > | M i .11. .11. » . . . l « . . U . , l „ l l , . . ^ l , A , l l > , l » » L I » » y .1 .11.. IIH.— I... H».-IMy H . . . . . M ^ . ^ .•.!,...« • III I J • Available only with subscription t o the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent t o those published in t h e latest monthly SURVEY SELECTED BUSINESS INDICATORS Index, jnde# 3 1947-49= 1 0 0 275 1947-49=100 Monthly ELECTRIC POWER PRODUCTION (by utilities) (E. E. I. seas. adj. index) •d 250 225 20 0 \ 75 t a _ i _ j Li ! I I i I I I I i I I I 1957 1956 I I I I 1 I I I I I I I 1958 Index, 1 9 4 7 - 4 9 * 100 Billion Dollars 1.80 60 I I (short- and intermediate-term) 50 Uww 40 30 Sales I i i I I 1 i i i l i 1 i i i i l I i i i i i I M i I II i i i i i I n i i i I I i i i I 1956 1957 1958 b 20 1959 1956 1957 Index, 1947 - 4 9 = 100 Index, 1910- 14 = 100 120 320 (daily average; seas, adj.) 300 ^ 11 0 -\A ~^Vu 90 1 r* 280 1959 — ^ [/ iiniTiir"-'"^ "1 ] Prkes Paid (i'ncl. interest, taxes, and wage rates) 260 9®~® Prices 240 •1x1,1 L L L L J - L L J J J J J L L L L L L I . 1 1 1 1 1 1 1 1 1 11 11 ! 1 1 1 1 1 i 1 i 1 1958 PRICES RECEIVED AND PAID BY FARMERS COTTON CONSUMPTION 80 I 1 CONSUMER CREDIT OUTSTANDING 120 h 100 I (seasonally adjusted) Stocks (end of month) 100 I DEPARTMENT STORE SALES & STOCKS 160 140 I S959 220 AA J ^\ w Vv H Received -| agfljULii-LLJLL J - L L L L L L J U J U U ,.U LI 1 L.U LULJLLUJJJJ LLLLI 2 5 0 WEEKLY BUSINESS STATISTICS1 2 1958 1959 ITEM May 31 Commodity prices, wholesale: AI I commodities. 1947-49= 100.. Farm products , do.... Foods, processed do.... A11 other =,.... .do.... 22 commodities 2/,, do.... Department store sales do.... Insured unemployment, total thous.. State and UCFE programs. do.... Failures, industrial and commercial number.. F i nance: Currency in circulation^/ .....mil. of dol... Federal Reserve bank credit outstanding, total _3/....do.... Member bank reserve balances 3/ .......do.... Excess reserves, estimated^/.,..... I.do.... Reporting member banks (of F.R.System) in leading citjes:4_/ Demand deposits, adjusted mil. of do I.. Time deposits, except U. S. Government do.... Loans and-investments (adjusted), total............do.... U. S. Government obi i gat ions...... .....do.... Commercial, industrial, and agr. loans (gross).,.do.,.. Real-estate loans (gross).,..,, ....do.... Bond yei Ids, domestic corporate (Moody's) j5/......percent.. Stock prices, 500 stocks (Stand. & Poor's) 4/..1941-43=10.. Industrials, 425 stocks .....do.... Production: Bituminous coal 3_/...................thous. of short tons.. Electric power, by utilities..... .....mil. of kw.-hr.. Motor vehicles (cars, trucks, coaches)..,, ...number,. Petroleum (crude) and condensate 3/ thous. of bbl.. Steel J5/ Percent of capacity. Freight car loadings, total.,., M i see 11 aneou s .thous. of short tons. , thous, of cars,. .•••• ..do.... May 16 June 7 May 23 May 30 June 6 119.5 91.0 107.6 127.8 88.2 122 119.5 91.1 107.3 127.8 88.1 264 314 31,515 27,989 18,829 605 31,473 27,548 18,393 344 31,641 27,650 18,324 326 56,184 28,506 95,384 29,675 31,587 10,038 56,222 28,^01 94,856 28,972 31,674 10,066 56,710 28,523 94,604 28,718 31,664 10,085 3.99 44.50 47.37 4.58 57.97 62.11 4.65 58.09 62.23 4.66 58.19 62.39 1,284 11,155 81,765 6,242 1,288 11,681 89,981 6,256 1,376 12,684 163,340 7,178 1,402 12,931 161,167 7,216 1,405 12,761 142,912 7,203 1,567 #58.1 530 269 1,685 #62.4 613 306 2,631 92.9 694 355 2,644 93.4 686 351 2,650 93.6 688 350 86.3 l!6 3,017 2,828 278 *!I9.5 *98.5 *l12.9 * 125.3 85.8 135 3,004 2,818 325 119.7 90.7 107.8 128.1 88.1 137 **l,739 1,505 31! I 19.6 90.6 107.7 128.0 88.1 139 **l,657 1,449 259 30,813 24,994 18, 194 681 30,989 25,240 18,147 573 31,505 27,563 18,550 444 55,434 27,765 92,100 31,093 29,718 8,821 55,686 27,841 92,934 31,289 29,600 8,817 3.99 43.85 46.64 ±/ Data do not always cover calendar weeks. 2/ Tuesday prtces. 3/ Daily average. £ / Wednesday Production, 2,681 thous. short tons; operating rate, 94.7 percent. * Monthly index for May 1958. temporary programs (TUC) and under Ex-Servicemen's Unemployment Compensation Act of 1958. 0JCX)- # ity (140,742,570 tons); not comparable with 1959 rates which are based on January I, 1959, annual 4.68 58.25 62.60 153,903 2,653 93.7 data. 5_i Week beginning June 8, 1959: ** Includes persons reported under Based on January 1. 1958, annual capaccapacity (147,633,670 tons). MONTHLY BUSINESS STATISTICS 1959 1958 ITEM Apri 1 CONSTRUCTION AND REAL ESTATE Construction contracts in 48 States (F.W. Dodge Corp.): mi 1. of do!,. ......«.do,••, BuI 1d1ng, tota(•••••••••••••••••••••* Construction cost index: 1947-49-100.. May February March Apri 1 May 2,881 2,198 3,403 2,470 2,307 1,777 3,340 2,454 3,778 3,018 138 138 140 140 141 ...do.... do,... 68,027 62,907 5,558 57,349 5,120 68,965 64,061 6,272 57,789 4,904 67,471 62,722 4,692 58,030 4,749 68,189 63,828 5,203 58,625 4,362 68,639 65,012 5,848 59,163 3,627 .mi 1. of do!.. do.... 42,617 32,888 42,985 32,910 44,071 33,751 44,203 33,943 44,916 34,453 do.... do.... ........do.... .do.... 3,335 3,387 3,261 3,390 3,371 3,349 3,246 3,338 3,247 3,264 3,816 3,483 3,786 3,594 3,749 3,431 4,022 3,512 3,939 3,516 4.37 4.31 4.52 4.48 4.51 4.68 42.34 45.09 42.61 32,78 35.54 23.20 43.70 46.51 43.86 34.18 36.57 24.74 54.77 58.33 59.33 44.23 43.71 35.20 56.15 59.79 61.67 45.10 45.06 35.47 57.10 60.92 62.10 45.87 45.12 35,94 57.96 62.09 64.81 47. 12 44.30 36.07 20.26 40.17 27.36 20.54 40.96 27.51 25.23 50.08 34.78 26.30 52.09 35.60 24.70 51.37 34.22 25.15 50.47 33.39 EMPLOYMENT AND WAGES Labor force (Bureau of the Census): 69,405 66,016 6,408 59,608 3,389 F1 NANCE Consumer credit (short- and intermediate- term): Installment credit extended and repaid: Security markets, stocks (Stand. & Poor's Corp .): Dividend yields, pref. stocks (14 higTi-grade) Pr!ces: .. 1941-43-10.. Industrial (425 stocks)...,... Capital goods (129 stocks),. Consumers' goods (196 stocks),,.. ,., do,.,. do..,. Banks: N. Y. City (12 stocks) p/ Pre Iimi nary http://fraser.stlouisfed.org/ 9416 Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS —Continued 3 1959 1958 ITEM February January Apri I March March C H E M i C A L S A N D A L L I E D PRODUCTS Organic c h e m i c a l s , p r o d u c t i o n : Acetic acid (synthetic and n a t u r a i ) . B . . . . , . . . t h o u s . of lb. A c e t i c anhydride .•••••.••.•••.••••..••..••••••.do... A c e t y I s a l i c y I i c acid ( a s p i r i n ) * . . , . . . . . . , . . . • • • • • . . . . d o ; . . Creosote o i l . , . • • • . . . • . . • . • • . • • • • • . • t h o u s . of g a l . DDT • .•••••• < . e 6 e o » e 9 6 9 « , 9 B s e o 9 t h o u s 9 of lb. 40,210 71,259 2,022 8,540 11,881 40,791 67,258 1,910 8,509 I 1,351 58,614 90,525 1,890 6,917 12,932 47,290 79,951 1,387 7,423 11,422 57,570 86,949 1,512 10,417 12,629 6,198 89,167 110,881 3,879 84,730 98,319 6,821 97,210 37,067 6,908 87,747 129,545 10,339 94,036 148,461 196 18,585 27,340 180 16,430 24,090 158 22,837 29,018 155 20,670 r23,995 192 19,774 34,223 3,823 7,653 736 278 33,260 3,752 6,452 775 229 29,403 *4,580 *8,8I0 *3,852 *7,954 *3,7I3 *9,049 294 44,008 290 r4l,8!9 288 47,956 45,838 23,901 62,698 25,876 8,506 8,637 72,121 48,359 22,237 54,436 27,914 10,117 9,966 66,813 62,241 29,162 83,659 30,683 10,469 11,041 87,329 60,905 27,693 r82,937 r29,649 10,194 10,712 78,419 73,706 30,064 91,662 34,030 10,604 14,783 95,133 (Edison Electric m i l . of k w . - h r . 46,703 45,188 52,461 51,247 51,374 ...do... ...............do... ....do... •••••do... 7 ,831 22 ,155 352 14,026 7,699 21,813 326 13,144 #9,073 24,295 355 #16,967 #8,918 23,925 339 #16,328 #8,886 25,000 333 #15,424 787 463 # # # 1,041 48 728 423 1,020 35 563 1,149 59 509 1,172 55 497 1,167 67 797,337 776,473 885,725 872,315 859,070 518 1,360 4,818 !,000 485 1,383 4,963 1,149 424 1,441 5,885 1,322 377 1,219 5,686 1,080 423 1,334 5,733 1,143 ,719.3 809. I 50.4 859.9 154.5 ,804.4 839.0 57.8 907.7 165.2 ,083.5 929.7 66.8 ,087.0 200.8 1,861.8 783.1 55. 1 1,023.5 183.7 r2,548 r2,053 r2,592 r2,046 r9,535 r6, I 17 r2,676 r2,l66 r2,838 r2,306 r9,375 r5,979 r2,650 r2,104 r2,662 r2, I 16 r9,132 r5,60l r2,642 r2,088 r2,682 r2,097 r9,09l r5,59l 2,964 2,367 3,1 II 2,520 8,945 5,439 2 ,885 6 947 46 ,272 4 ,754 4 ,419 3,099 5,934 43,437 4,506 3,788 3, 164 9,828 53,601 5,470 6,212 3 ,046 9 ,699 46 ,944 5 229 6 ,147 3,543 I 1,512 38,602 4,569 7,462 590 796 447 582 807 457 687 1,002 517 767 1,037 .539 847 1,206 666 54 330 51 708 29 ,624 47,664 50,695 29,388 77,322 73,186 43,667 90 291 74 760 42 093 95,822 84,335 49,690 ••do... Ethyl acetate ( 8 5 ^ ) . s , t e 0 9 O . . 6 , , E+hyIene gIycoI ...ee***.*»»*..•.« esdo... ••do... Formaldehyde (37$ H C H O ) . . . . . MethanoI: e t h o u s . of g a l , Natura I ( I 0 0 # ) . . . . . . . . . . . . . . . . . . . . . . . Synthet i c ( 1 0 0 $ ) , . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . •,. . d o . . . PhthaIic anhydr i d e . . . . . . . . , , thous, of lb. Synthetic plastics and resin m a t e r i a l s , production: C e l l u l o s e acetate and mixed ester p l a s t i c s : S h e e t s , r o d s , and t u b e s . . . thous of lb. ..do... Molding and extrusion materials.'.... Other eel IuIose p I a s t S c s . . , ................. . . d o . . . Nitrocellulose s h e e t s , r o d s , and t u b e s . . . . . . . . . . . . . .do. .do. Phenolic and other tar acid r e s i n s . P o l y s t y r e n e , ...•.••.••••••••• • •••••••••do... Urea and m e l a m i n e r e s i n s . . do... 0 Vinyl resins .............. ..<> do... Alkyd r e s i n s . . ............ •*. . d o . . . Rosin modifications , .do... P o I yest'er res ins ..••••••••• ..»..*... do... Polyethylene resins , ...... do... * * * ELECTRIC POWER Sales t o ultimate c u s t o m e r s , total Institute) Commercial and industrial: Small light and power Large light and p o w e r . Railways and railroads Residential or d o m e s t i c , Rural (district rural r a t e s ) .....do... Street and highway lighting... ....... do... Other public authorities .. do... 0 I nterdepartmenta I ..•.••.••• do... R e v e n u e from sales t o ultimate customers (Edison Electric institute) t h o u s . of d o l . FOODSTUFFS Livestock slaughter (Federally i n s p e c t e d ) : Calves0 • ...thous. of a n i m a l s . , ..do..., Catt Ie.................... Hogsoeo8SO .......do.... Sheep and l a m b s . . . . . . . . . . . . e................... .......do.... Meats: ,mi I. of lb.. P r o d u c t i o n , total ..do.... Beef and veaI ..................... ..do Lamb and m u t t o n . . , P o r k , including lard. ..do.... Lard....... ..do.... ,949, 855, 57, ,036, 191, LUMBER A N D M A N U F A C T U R E S Lumber (National Lumber M a n u f a c t u r e r s A s s o c i a t i o n ) : P r o d u c t i o n , total m i l . of bd. f t . . Softwoods do.... S h i pment s, tota I , do.... Softwoods .do.... Stocks ( g r o s s ) , m i l l , end of m o n t h , total do.... Softwoods. .do.... METALS AND MANUFACTURES Iron ore (incI.foreign o r e ) , operations in all U.S.districts: Receipts at iron and steel plants.....thous. of long tons.. Consumption at iron and steel p lants."................do.,.. Stocks, end of month, at furnace yards. do.... Stocks, end of month, at U. S. docks..... ..do.... Pig iron, prod. (excl. ferrosIloys),...thous. of short tons*. Castings, gray iron: Orders, unfilled, for sale , ..do.... Shipments, total do.... For sale............ do.... Castings, malleable ::iron: Orders, unfilled, for sale... , short tons... Shipments, tota I do.... For sale do.... r7 Revised. * Effective May 1958, data for "other cellulose plastics" are combined with sheets, etc. and molding and extrusion materials; data are not comparable with those for earlier periods: "rural" a!located between "residential" arid "small light Digitized for #FRASER Beginning January 1959, and power". http://fraser.stlouisfed.org/ 9416 Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — Continued 4 1959 1958 ITEM March Apr i 1 January February March Apri 1 METALS AND MANUFACTURES - Continued Castings, steel: „short tons.. 106,255 82,195 16,180 91,464 69,12! 11,956 !05,592 82,685 !4,408 110,280 86,013 14,686 131,317 103,848 20,086 short tons.. 4,449 517 47! 626 454 240 516 1,517 4,573 337 40! 628 511 251 565 1,396 6, !86 560 509 888 679 268 498 2,648 6,524 410 558 938 706 279 526 2,7!4 8,118 554 651 1,211 950 562 7S4 5,185 196 557 2,542 208 324 2,387 256 224 1,794 294 2!6 1,864 255 260 1,875 246.9 187.0 97.4 276.1 211.5 112.5 359.8 236.5 122.7 r33l.6 231.8 r122.7 590.0 272.9 150.8 50,695 45,002 35,075 52,440 47,409 37,693 r44,656 43,550 45,765 46,502 162,468 149,598 9,577 114,985 69,587 55,597 72,716 52,056 18,884 220,009 155,466 148,54! 4,561 100,058 61,214 27,192 71,992 50,808 !9,5!4 218,675 r158,506 r148,799 5,340 99,516 52,705 37,049 89,053 64,128 22,82? 252,913 r!62,707 r152,452 6,326 100,696 55,545 35,652 86,317 63,462 20,999 246,716 181,751 171,485 6,778 152,066 75,05! 46,526 94,688 69,977 22,954 252,612 do.... 38,132 ! 12,863 56,557 107,897 49,913 82,487 47,345 79,657 51,991 78,871 41,483 78,157 .......do.... .......do.... do..,. 84,163 66,637 209,468 74,046 67,185 !99,226 108,504 89,636 187,043 102,297 87,395 187,181 111,577 95,089 185,866 108,477 79,739 182,939 435,464 542 313 359,464 546,297 75,658 57,657 596,712 344 290 322,482 508,904 75,886 56,042 635,664 169 112 539,451 527,588 96,044 8!,599 577,095 145 141 476,977 466,564 99,973 83,775 686,612 245 200 575,012 565,849 111,555 95,060 702,952 Steel products, net shipments: Structural shapes (heavy), steel piling..... do.... do.... .......do.... .......do.... do.... do.... Sheets and strips U n c i , electrical), total. Fabricated structural steel: ..do.... do....' 8,605 568 694 1,282 1,113 403 821 3,215 295 29? 1,922 Aluminum shipments: .mil. of lb.. .......do.... .......do.... Oi 1 burners: ..do.... Stoves and ranges, domestic cooking, excluding e lectrica!: Gas (including bungalow and combination)^/.. .......do..,. do.... do.-...' .......do.... do.... Gas............. *....... .•.. • • •. • . • •»... •. •.......do.... ••• do.... •••••..do.... .......... RUBBER AND RUBBER PRODUCTS Natural rubber: Synthetic rubber: TRANSPORTATION EQUIPMENT Motor vehicles: .......do.... do.... .......do.... do.... 253 251 585,789 575,268 H6,9I0 98,906 r_f Revised. J./ Data include shipments of built-in gas-fired ovens and exclude figures for top burner sections made for use with these ovens. USC0MM-DC-94!6. 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 SURVEY OF CURRENT BUSINESS