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^lMENTOrr^ June 15, 1962 ATISTICS THE SURVEY OF CURRENT BUSINESS cs Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published sn the latest monthly SURVEY SELECTED BUSINESS INDICATORS Index, 1941-43 = 10 100 Index, 1941-43 = 10 100 PRICES OF 425 INDUSTRIAL STOCKS 90 80 Mo , , .. Weekly (Wednesday close) "" ,,y 1 (daily avg. close) H 90 - 70 \ - 60 50 n ,~4«A-JLa~i™Lxa™JL-™i-JL-. ..,1, 1 .1 1 I 1 1. .1 ! 1959 I960 1 1 1 I 1 1 1 1 1 1 1 1 1 1961 i I i i i I i i i i ijj 50 J F M A M J J A S O N D 1962 Thousands 250 Thousands 1,000 MOTOR VEHICLE PRODUCTION Monthly (cars, trucks, coaches; U. S. plants) 800 600 400 200 "vfvy\ o L±^ i i » i 1959 i i i i i i i 1960 II I I I I I, I I L i i i i i 1962 1961 Billion Dollars 450 200 Index, 1947-49 = 100 200 DEPARTMENT STORE SALES & STOCKS PERSONAL INCOME (seasonally adjusted, at annual rates) (seasonally adjusted) Stocks (end of month) 175 400 350 150 Wage and Salarf Disbursements 300 125 250 |)il I I ' I I I I I I 1959 ' I ' I " • I I I M ' 1960 uajJajaj^ 1,1,1 > , L i , U , 1,1 I 1961 1962 * Data for M a r c h a n d July 1961 include accelerated a n d special Government insurance dividend payments, respectively. 100 1 ' I ' I ' I 1959 1 ' ' ' • ' > I I, M 1960 ', 1 \ ,', I, l„l I, M ,' ' J 1961 '-JUULJLIJLJ-J^U 1962 2 WEEKLY BUSINESS STATISTICS 1961 1962 ITEM May 19 May 26 June .3 June 10 ..1947-49-100.. 85.5 132 * 100.0 *94.8 *99.7 *!00.8 84.8 151 100.3 96.3 99.7 100.9 82.7 156 !00.2 95.7 99.6 100.9 82.0 147 100. 1 95.6 99.6 100.8 80.6 137 thous.. 283 3, 159 2,191 254 285 3,028 2,091 349 248 1,826 1,560 329 245 1,756 !,507 285 231 "*°°*280 306 33,331 30,935 19,806 603 33,531 31,198 19,763 491 June 2 June 9 COMMODITY PRICES, WHOLESALE: 22 commodities 2/ INITIAL UNEMPLOYMENT CLAIMS, State programs FAILURES, INDUST. AND COMMERCIAL (DUN & BRADSTREET)...number,. FINANCE: Federal Reserve bank credit outstanding, total 5/ do.... 32,058 27,904 18,872 615 32,198 28,175 18,804 57! 33,406 30,970 19,812 485 33,327 31,153 19,829 530 62,120 28,202 112,147 31,397 31,460 12,85.5 62,210 28,408 111,406 31,43! 31,16! 12,832 60,657 31,955 121,312 32,125 33,123 13,990 60,857 32,045 120,832 32,320 32,978 !4,04i 6!,621 32,094 120,660 32,256 32,854 14,068 4.60 66.56 70.46 -4,62 66.64 70.57 4.58 64.27 67.66 4.57 61.11 64.2! 4.57 #58.08 #61.S3 1,339 13,887 102,597 7,061 1,394 15,004 152,626 7,054 1,376 16,008 180,049 7,267 1,367 16,202 179,648 7,279 1,363 55,471 142,923 7,218 2,042 109.6 593 305 1,662 89.2 587 311 1,646 .88.4 580 306 1,586 85.1 53! 278 100.1 94.9 99.7 100.8 80.5 Reporting member banks (of F.R.System) In leading c!t!ess4/ Stock prices, 500 stocks (Stand. & Poor's) 4/...1941-43=!G.. 4.58 58.39 61.26 PRODUCTION: Index of production FREIGHT CARLOADINGS, TOTAL , ,s 2,052 1 10. 1 532 275 1957-59-100.. ,,,,,,,,,s,thous, cars,. J./ Data do not always cover calendar weeks. # Tuesday data. 2/ Tuesday prices. MONTHLY 3/ Daily average. Af Wednesday data. 178,433 1,580 84.8 * Monthly index for May 1961. BUSINESS STATISTICS 1961 1962 ITEM Apr? I May *4I2.2 *292.6 *48.9 *ll.5 **447.9 **3I2.7 452.8 317.9 **50.8 **ll.5 50.6 11.5 Corp. profits and inventory valuation adj.,total.do.... Corporate prof its before tax, total .do.... Corporate profits tax liability. ......do.... Corporate profits after tax.. do...* Inventory valuation adjustment ...........do.... Net interest. do.... PERSONAL INCOME, BY SOURCE: SEASONALLY ADJUSTED, A T ANNUAL RATES: Total personal income.. ......do.... Wage and salary disbursements, total.... do.... Commod i ty-produc i ng i ndustr i es .........do.... Manufacturing only. ...... .do.... *40.0 *39.6 *I9.6 *20.0 *.4 *19.2 **52.l **52.4 **26.0 **26.5 **-.3 **2o!7 51.5 51.3 25.4 25.9 .2 21.3 409.8 413.2 277.2 110.5 Distributive industr i«s do.... Servi ce i ndustri es.., .do.... Government. ......do.... Other labor income..... .do.... Proprietors 1 income: Business and professional........ .....do.... Farm e... c...........do.... Rental income of persons ....do.... D i v i dends •••• do.... 72.3 42.3 51.0 10.7 February March April May r438.9 440.0 298.2 119.3 94.6 GENERAL BUSINESS INDICATORS NATIONAL INCOME: SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES: NATIONAL INCOME, TOTAL.......... bil. $.. Compensation of employees, total .do.... 1 Proprietors Income, total............ do.... Rental income of persons. do.... Personal interest income .do..,. Transfer payments ........................do.... Less personal contributions for social insurance.do.... Total nonagricultural income do.... 433.3 293.1 116.2 92.0 435.9 294.7 !16.9 92.9 72.9 42.5 51.3 10.8 76.1 45.4 55.4 S2.0 76, 45. 55, 12, 36.1 12.9 11.5 14.2 36.3 12.9 11.5 S4.2 37.6 12.9 11.5 14.9 37.8 12.9 M..5 15.2 26.8 32.5 9.6 392.9 27.0 33.0 9.7 396.4 28, 33, 10, 415.8 28.9 33.5 !0e6 274.6 109.1 86.1 87.6 * Data are for 1st quarter 1961. *# Data are for 4th quarter 196! r./ Revised. Digitized for 5505 FRASER 418.2 r297.5 rll9.2 r94.5 76,6 r45.9 55.9 12.2 37.9 !2 S 7 IL5 r!5.2 29, 33, 10. r421, 76.7 46.1 56.2 12.3 38.0 29.3 33.7 10.7 422.2 MONTHLY BUSINESS STATISTICS — Continued 3 1961 1962 STEM April | May February March 1 May April DOMESTIC TRADE RETAIL TRADE, ALL RETAIL STORES: ESTIMATED SALES (UNADJUSTED), TOTAL J./.............mil. •$.. Durable goods stores..... e .........................do,... Automotive group.,<,.••«..«.«•.•«.#.«*......•••....do.... Furniture and appliance group.....................do.... | Lumber, buifding, hardware group..................do.... Nondurable goods stores.......,........ ............do.... Apparel group..••••••••••••••••••••....»••••.«... 8 do e ... Drug and proprietary stores......................do.. # . Eating and drinking places...........••••...••....do.... Gasoline service stations.,....................... do...,, General merchandise groups........... ...do.,,. ESTIMATED SALES (SEAS. A D J . ) , TOTAL 1/ ......do.... Lumber, building, hardware group.................do...-. Appare! group................................... s do ese . Food group «...»......,,.»..»..,........«..».do.aee Gasoline service statIons........................do.... Genera! merchandise group..........••••••.•••••••do..,. ESTIMATED INVENTORIES? 12,526 1,105 62.9 1,386 4,574 1,523 1,966 11,002 795 622 1,185 4,314 1,333 1,513 i 1 I 1 r19,179 r6,299 r3,775 r779 957 20,185 6,752 3,960 837 r 12,831 r1,063 r657 r1,336 r4,97l r1,487 r1,966 r12,880 r1,306 r645 r1,365 r4,535 r1,527 r2,150 13,433 1,198 665 1,496 4,805 1,617 2,261 r19,276 r6,190 r3,567 r888 r937 rl9,6S2 r6,346 3,658 877 979 19,451 6,102 1,539 2, 138 r13,086 rl,217 r658 r1,441 r4,680 r1,552 r2,246 r13,266 1,206 677 1,419 4,803 1,565 17.860 5,409 2,919 872 900 17,995 5,549 •3,105 839 877 j 18,974 5,986 3,370 879 932 12,451 1,076 628 1,380 4,548 1,474 2,027 12,446 1,103 630 5,347 4,624 1,480 1,974 | 12,988 1,170 665 1,414 i 1 4,732 1 ! 1 13,349 ...SwSOS 2,253 »®do.8(9e r27.37 r I 1.83 M5.54 r26.78 rll.38 r15.40 27.52 11.96 15.56 26.86 11.42 15.44 ..ra?l, $.. 4,763 4,988 4,313 r5,26l 5,227 4,065 263 118 93 35 1,183 1,782 60 87 4,270 274 125 95 37 1,329 !,795 62 90 4,263 292 119 96 42 !,286 1,798 68 95 4,282 291 121 95 40 1,299 1,828 61 84 3,680 198 118 88 3! 965 1,744 44 72 4,533 313 135 99 36 1,407 1,890 63 98 4,517 273 130 98 41 !,253 2,100 54 89 r4,664 r3ll 133 100 41 r-1,51 1 1,903 64 102 4,470 361 130 98 37 !,394 1,805 62 97 4,589 302 138 100 39 1,410 1,921 65 100 11.69 4.03 7.66 13.34 6.87 6.47 12.72 4.41 8.31 13.34 6.83 6.51 11.57 3.96 7.61 13.56 6.79 6.77 r12.98 r4.52 r8.46 r13,68 r6.96 6.72 12.66 4.60 8.06 13.58 6.99 6.59 53,663 16,119 666 2,766 3,901 11,320 2,732 7,425 8,734 53,894 16,275 670 2,742 3,903 11,355 2 739 7 436 8,774 54,773 16,572 653 2,694 3,914 !!,447 2 774 7,675 9,044 r54,90l r16,682 654 r2,648 r3,927 r11,460 r2,776 r7,68l r9,073 r55,229 r16,847 r656 r2,727 r3,938 r11,532 r2,777 r7,662 r9,090 p55,29l p16,873 p659 p2,69! p3,93l pI 1,562 p2,786 p7,666 p9,123 IS,712 11,910 11,875 !2,060 12,187 12,300 r 12,240 r12,387 r 12,340 r12,546 p12,368 p12,559 6,582 6,637 93 537 296 458 6,820 6,846 96 513 310 432 6,857 r6,903 96 r509 311 r435 r6,939 r7,009 97 r530 312 454 p6,987 p7,047 p98 p547 p3l2 p460 Lumber yards, building materials dealers... ...do.,.. Estimated sales (seasonally adjusted), total. ..do.... do.... .bi1. $.. Inventories, estimated (unadjusted), total... 11,984 1,019 607 1,313 4,486 1,439 1,803 r18,979 r6,148 r3,789 r8!4 T8I6 26.56 11.62 14.94 26.90 11.48 15.42 do.... »»do..ss WHOLESALE TRADE: Sales, estimated (unadjusted), total 15,989 4,987 3,00! 725 652 26.70 11.86 14.84 26.23 11.31 14.92 Furniture, homefurnishfngs stores. Genera! merchandise group, ssssss * s ** sssssee4 > Lumber yards, building materials dealers. 18,532 6,006 3,413 844 990 26,87 31.81 15.06 26.18 11.25 14.93 Nondurable goods stores......00..00..............do.... Nondurable goods stores......*, RETAIL FIRMS WITH 4 OR MORE STORES: Estimated sales (unadjusted), total......... RETAIL FIRMS WITH II OR MORE STORES: 17,398 5,414 3,088 768 878 do.... o.e.e... EMPLOYMENT, HOURS, AND EARNINGS EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS): TOTAL, SEASONALLY ADJUSTED.. .thous.. PRODUCTION WORKERS ON MANUFACTURING PAYROLLS: Lumber and wood products...... Furniture and fixtures ,,,,., Stone, clay, and glass products ZJ Revised. j>/ Preliminary. Digitized for 5505 FRASER ....do.... .....,...do.,.. do.... 6,426 6,491 91 514 1 297 444 1/ Data for May 1962 are advance estimates. I fONIHLY BUSINESS STATISTICS — Continued 1962 I TEN Apri I May February March Aprl ! May EMPLOYMENT, HOURS, AND EARNINGS—Con"Hnued PRODUCTION WORKERS ON MANUFACTURING PAYROLLS—Continued Durable goods industries, unadjusted—Continued Primary metal I n d u s t r i e s s a B O s o e 9 0 a e s s e 0 Q 9 s s e e o s o o o t h o u s e Fabricated metal products o.o..o..» 8 o..o..c.do„, IvIaCh I n e r y . . e .ee . aee «s e . S oe . . e Qe « e o o e o o o o o o o o o 0 o o o a 0 d O e o o Electrical equipment and supp I l e s 0 0 0 0 0 0 0 0 o o G o o o o ® e ® d o s o o TransportatIon equ5pment•••••••••••••••••.••••••••«do 9 .. -Instruments and related p r o d u c t S o ^ ^ o ^ . a o . o o o ^ ^ d O o ^ Miscellaneous manufacturing industries.. e s o a , o e e 8 . e .do. 8 S NondurabIe goods Industries, u n a d j u s t e d 0 o e e e o f f l 0 O 0 e 0 o 9 d o e o Q Seasona 11y adjusted••••• <, •»•»««<>•• o »<> o o o o • e o oo.« «do., • Food and kindred products..... . S ooo e »»o. l >oa» 8 »., e . 9 clo 9 , 9 Tobacco manufactures e «• •••.••••o*oo*»*«i><>ee«o...»a®doe.. Textile mill products e ... o e < ; , s o o e o e a o 9 e o.ee e 0 o e 0 e> s s e do e o o Apparel and related products s « 3S ooo 0e0 e oe oe e o a ,ooo<»o e do see Paper and allied products........s . o a ..do, ( l Printing, publishing, and allied industries^o^.^do,,,. Chemicals and allied p r o d u c t s . e s e e o e 9 S . o . f f l . 0 . . o o s e o d o e o @ Petroleum refining and related industries.....••••.do... Rubber and miscellaneous plastic products e e , S e e . e e e 9 d o a a o Leather and leather products..........•••••••••••••do... HOURS AND EARNINGS PER WORKER ON PAYROLLS OF MFG 0 ESTAB e : Average weekly gross hours, mfg B fndus 0 , unadj O S o Q O S hours 3 SeasonaIly adjusted••••••••••••••••••••••.•••••«®do.,. Durable goods Industries, unadjusted... oe .. 00 »oo«««do... Seasona1 Iy adjusted..•.•••••••••••••••••••.•••••«ado... Nondurab I e goods industries, unadjusted......... ee .do. ee Seasona I ly adjusted( , e 9 9 , , , e , . . M 9 . 9 . 9 M , . , e . o o . c i o 9 e 9 Avg. hourly gross earnings, mfg. industrles 9e0t}00 „dol lars. Durable goods industries........-.....<4.»...o.o..*a.do... Nondurab I e goods J ndustr ies. eee ...............<,.... do... LABOR TURNOVER IN MANUFACTURING ESTABLISHMENTS: Accession rate, total......monthly rate per 100 employees., Seasona 11 y adjusted ............................... do... NeW nireSeoooo.saooss©ea©ees©.©«sae®oeseoB8©os®»«oaUO@eo Separation rate* t o t a L o o ^ ^ M M o . B e ^ ^ ^ . o o . e . ^ ^ . d o . ^ SeasonaI Iy adjusted8,,.s.eo8»s»»».»848.»»..»»»9.do,09 Q u i t 0 o o s e 9 S o e @ e e s s o s s e e e s s e e S 6 s a o o 0 e e o o Q a s o o ® o o s o a .do... L a y O T T « . . . . . . . a . . • . . • • « . « • « . . . . a s . . . e «•.•«•.•«...«•« a U O .. . 873 790 972 931 1,006 217 293 904 8S6 971 943 1,044 219 302 984 837 997 1,013 1,119 225 295 991 r843 r1,014 r1,014 rl.M8 r227 r299 993 r851 rl,025 rl,OI8 r 1,126 r227 r306 p980 p863 p1,030 p1,023 pi,140 p226 p309 5,286 5,419 I, 114 68 785 1,046 462 5,293 5,423 1,121 66 79! 1,033 464 5,367 5,454 1,088 75 793 S,093 468 r5,383 5,484 r1,086 r69 794 rl,106 47 S r5,40l r5,537 rl,IOI r66 797 r1,098 473 p5,38l P 5,5I2 pi,103 p66 p796 pi,081 p476 592 509 131 268 311 590 509 S32 274 311 593 512 127 295 322 596 r5!8 127 295 322 597 r528 128 r296 r318 p595 p524 p!29 p298 p3!4 39*3 39.7 39,8 40.0 38.7 39.3 39.7 39.8 40.2 40.2 39.0 39.3 40« 40, 40. 40, 39, 39, 40.3 40.5 r40 s 8 r4I.O r39.5 r39.9 40.4 40.8 r4l. I r4L3 r39.6 r40.2 p40@5 p40.6 p4LI p4LI p39.6 p39„9 2.31 2.47 2 JO 2.32 2.48 2.II 2.38 2.55 2. 15 2.38 r2.56 2.16 2.39 2.56 2.16 p2a40 p2.57 p2.S6 4.0 4.4 1.8 3.4 3.5 1.0 1.9 4.2 4.2 2.1 3.5 3.8 LI 1.8 3.5 4.1 2.0 3.4 369 I.I 1.7 r3.7 r4.3 2.2 r3.6 r3.8 1.2 rl.6 p3s8 p4.2 p2.3 P3.5 p3.6 pl.3 p 1.6 17,390 .914 17,403 .914 16,790 1.025 16,608 LOIS 16,495 LOIS 16,435 1.015 4.67 4.63 4.52 4.48 4.45 4.45 65.83 69.64 66.12 54.33 59.09 32.35 66.50 70.34 67.41 55.29 59.59 33.08 70.22 74.22 68.37 62.35 63.70 34.23 70.29 74.22 68.06 62.26 64.51 33.45 68.05 71.64 64.49 60.66 63.86 32.31 62.99 66.32 58.17 55.86 58.84 30.71 FINANCE GOLD, MONETARY STOCK, U e S e , end of m o n t h . e s a e . •mi I. $. SILVER* PRICE AT NEW YORK..................dol per fine oz. 8 SECURITY MARKETS (STANDARD & POOR S C O R P . ) ; Stocks: Dividend yields, pref. stocks (14 high-grade)...percent. Prices—industrial, public utility, and railroad Combined Index (500 stocks).................194 1-43=10. Industrial, total (425 stocks).............. .• e dO. 8 e Capital goods (123 stocks)......*.....®,,.. ...do... Consumers 8 goods (193 stocks)..., ...dO... Public utility (50 stocks)........, ...do... Railroad (25 stocks)............... ...do... r/ Revised. j>/ P r e l i m i n a r y . USCOMM-DC—5505 PENALTY FOR PfttVATE USE T O A V O I D UNITED STATES GOVERNMENT PRINTING OFFICE PAYMENT OF POSTAGE, $300 DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT OF CURRENT Digitized for SURVEY FRASER BUSINESS