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June 28, 1957 BUSINESS STATISTICS °^HES^O^ A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS 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 in t h e latest monthly SURVEY SELECTED BUSINESS INDICATORS INDEX, 1941-43 = 10 70 INDEX, 1941 - 4 3 = 10 70 Monthly PRICES OF 425 INDUSTRIAL STOCKS Weekly (Wednesday close) 60 60 1956 \ 50 L * ~~ k/^^H 50 \ 40 - 30 ~ - 20 ^LJ_J«ijJ_J™LJ™L_L_ 1954 1 LJ-^L-±_Ll-J 1 1 ) „J_± 1 1 1 1 1 1 L_J__J_ S955 Items ^^^ v ^ I—"H ^ ^ SOS frUU I..,1-LL1 JLUL ULLJ 1 i 1 1 I I 1 S954 1955 f J 80 ^ -v II I i I 1 I L_L_!_J^J 2 0 J F M A M J J A S O N D HOURS 56 52 Average Hourly Gross Earnings H 48 (left scale) 40 M i LJ 1 1 1 1 1J 1l l l l l l l l l l 1956 L40 1957 (right scale) ] , I i i I Ii I i M I i M I l I l I II i I> i i I i 1 i i IiI i ii i i I i i i ii 1954 1955 1956 36 1957 COTTON CONSUMPTION \A i i m l i i i i i 1955 l l l l l l l l l l J L 1956 (daily average; seas, adj.) MO J SA V I A v e r a g e pe 1 H 44 A / 7 0 J L I i \) 11 i t n 1954 i INDEX, 1 9 4 7 - 4 9 = 100 120 100 s 1 » Average Hours Per Week (seasonally adjusted) \J\ ' *s FREIGHT CARLOADINGS* 90 1 Voooo INDEX, 1 9 4 7 - 4 9 = 100 120 . ^ ^ ' 2.20 2.00 110 ' MANUFACTURING HOURS & EARNINGS ~ Food ' 30 DOLLARS 2.40 120 V i S957 CONSUMER PRICES S 10 i 1956 INDEX, 1 9 4 7 - 4 9 = 100 125 SI5 40 - ^^^^^^ All 1957 V 100 J A 90 u^rTvv working day M i l l 1..LJJ-±±_ 1957 80 1 I I l i I 1 N i 1 1 I 1 M l 1 1 t 1 1 I I 1 I I 1 I I 1 1 M M I I I 1 M 1 1 i M 1 S954 S955 1956 1957 WEEKLY BUSINESS STATISTICS1 2 1956 1957 ITEM June 23 June 16 June 1 June 8 June 15 June 22 Commodity prices, wholesale: 1947-49=100., do..,. •••••••••• 89.0 131 1,250 1,177 *II4.2 *9I.2 *102.3 *I2I.5 87.8 109 1,222 1,150 30,542 25,251 18,749 516 88.7 110 1,399 1,310 117.5 90.6 106.5 125.3 89.5 125 1,396 1,305 117.5 90.9 106.3 125.3 89.6 129 117.3 90.7 105.2 125.3 89.3 30,541 25,779 19,116 616 30,660 24,833 18,616 326 30,836 24,987 18,846 442 30,903 24,988 18,834 495 30,904 25,424 19,148 592 56,974 21,851 85,236 26,745 28,258 8,547 56,905 21,934 86,336 27,055 28,916 8,582 55,149 23,506 86,242 25,878 31,077 8,661 55,320 23,556 86,210 25,790 31,170 8,649 56,448 23,585 86,754 25,690 31,519 8,667 286 3.46 46.42 49.56 245 3.46 4604l 49.54 225 4.06 47. SI 50.57 289 4.09 47a27 50.81 265 4.14 48,05 51,82 1,687 11,425 121,376 7,066 1,690 11,478 126,836 7,056 1,618 10,936 99,950 7,418 1,670 11,550 152,887 7,338 1,717 11,958 148,120 7,294 2,299 #93.4 801 381 2,290 #93,0 799 382 2,252 88,0 672 318 2,240 87,5 733 349 2,214 86,5 746 354 Finance: Federal Reserve bank credit outstanding, total ,3/.....do.... Federal Reserve reporting member banks in leading cities: £/ Time deposits, except U. S. Government., Loans and investments (adjusted), total* .......do.... Commercial, industrial, and agr, loans (gross)..«.do...« Bond yields, domestic corporate (Moody's) Stock prices, 500 stocks (Stand. & Poor's)' 4/...I94f-43^10.. .7 Production: do.... s. of short tons.. Stee 1 5/ .thou s. of short tons.. ..do 241 4.18 47,72 51.53 141,404 2,181 85.2 J/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data; S&P's index on revised basis. 5/ Week beginning June 24, 1957: Production, 2,220 thous. short tons; operating rate, 86.7 percent. *Monthly index for June 1956. #Not comparable with 1957 rates, which ore based on higher capacity. MONTHLY BUSINESS STATISTICS 1956 1957 ITEM Apr i I May February March Apri I May GENERAL BUSINESS INDICATORS Industrial and commercial failures: Fai Iures, totaI,..,. Commer c \ a I ser v i ce ••••»••• Construct ion Manufacturing and mining.... Retai I trade • WhoIesaIe trade•«••••••...••••••••«••••• number, ;«..•••• do.. .do.. do.. •....«..do.• •••••••do.. 985 91 153 186 463 92 1,164 94 132 245 575 118 1,146 93 180 199 568 106 1,336 99 205 239 672 121 1,175 1,200 118 172 190 580 115 82 181 205 600 132 Liabilities (current), total........ ...thous. of do I Commer c i a I ser v i ce »•••••••• do,. Construction...., ,. .. .do. • Manufacturing and mining. ....do,. Retai I trade , ••••••••• ••••do.. Wholesaie trade* ••• •••• .do.• 41,871 2,900 6,967 17,142 10,772 4,090 59,901 3,619 8,877 28,450 13,242 5,713 65,406 2,493 8,440 33,402 14,780 6,291 55,833 3,833 10,424 17,760 17,816 6,000 57,103 3,878 9,090 16,286 15,994 11,855 52,552 4,728 10,820 14,888 15,686 6,430 114.9 104.8 109.6 106.4 116.7 94.0 115.4 104.8 I 11.0 107.5 121.5 95.5 118.7 106.1 113.6 III.I 116.5 101.4 118.9 106.8 113.2 110.7 116. I 100.6 119.3 106.5 113.8 110.5 118.7 102.0 1/119.6 106.5 114.6 180.0 122.5 103.7 Hous ing.,.„<>......... • •••do.. Gas and electricity* •••••••••••••••••••do.. Housef ur n i sh i ngs. •••..•• • .do.. Rent ••••«••••••••• .do.. MedicaI «are...••«••••••••••••••• • ••do.• 120.8 111.8 102.7 131.7 131.6 120.9 III.8 102.6 132.2 131.9 124.5 112.4 105.0 134.2 135.5 124.9 112.4 104.9 134.4 136.4 125.2 1 12.4 105.1 134.5 136.9 125.3 112.3 104.2 134.7 137.3 Persona I care • Reading and recreation Transpor tat ion Pr i vate Public Other goods and services. 119.5 108.2 126.4 116.5 170.8 121.4 M9.6 108.2 127.1 117. I 172.5 121.5 122.6 I 10.0 134.4 124.5 175.8 124.0 122.9 110.5 135.1 125.2 175.8 124.2 123.3 III.8 135.5 125.5 176.8 124.2 J 123.4 II 1.4 135,3 125.4 176.8 124.3 • COMMODITY PRICES Consumer price index: All items.... Appare I.,,. ,... Food Dairy products Fruits and vegetables Meats, poultry, and fish 1947-49=100 • «do.. .••••. do.. •••••• ••••do.. ..* • •••••••do.. ,...•••• do.. «• • • do.. ••••••• • do.. •••••••••••••• do. • •••••••.•• do.. ...........do.. ••••••do.. 1/ index based on i935-39=i00 is 200.0. MONTHLY BUSINESS STATISTICS — Continued 1 1956 ITEM April May 3 1957 February March Apri 1 May COMMODITY PRICES - Continued Purchasing power of the dollar as measured by— -49=100.. ...do.... ...do.... 88.0 87.0 91.2 87.4 86.7 90.1 85.5 84.2 88.0 85.5 84.1 88.3 85.3 83.8 87.9 1/85.4 1/83.6 1/87.3 sq. yd.. ...do.... ...do.... ...do.--i. Construction cost index (E. H. Boeckh and Associates): Average, 20 cities: Apartments, hotels, and office buildings: Brick and concrete..... U. S. avg. 1926-29=100.. 7,578 337 3,764 3,477 8,513 1,084 3,873 3,557 7,229 1,489 4,425 1,316 9,582 3,023 4,660 1,899 7,816 1,172 3,702 2,941 9,772 2 284 4 209 3 279 274.1 270.3 273.4 276.8 272.5 275.4 283.1 278.5 278.3 283.5 278.8 278.4 284.3 279.1 278.9 286.3 280.7 280.3 ...do.... 282.3 280.0 271.5 273.6 264.6 285.3 282.2 273.8 275.4 266.2 j 291.8 291.3 278.1 275.3 278.4 292.4 291.6 278.2 275.4 278.7 293.5 292.3 278.7 275.9 279.1 295.9 294.4 280.2 277.4 280.4 ...do.... ...do.... 273.8 268.2 276.1 269.9 278.6 270.8 278.7 270.9 279.3 271.3 280.8 272.6 of dol., 38,979 5,147 9,403 7,840 5,037 3,419 40,610 5,425 10,086 8,155 5,125 3,087 39,385 3,732 11,182 8,891 5,139 3,321 r43,653 r4,470 11,984 9,295 5,583 3,789 41,207 3,929 11,125 8,761 5,825 3,810 75,485 5,643 7,924 4,559 5,732 8,542 72,961 5,510 6,685 4,560 6,111 7,847 54,612 3,445 4,509 2,350 5,536 7,879 r67,899 4,904 5,607 3,557 6,002 8,883 81,439 6,206 7,053 5.145 7,028 9,058 3,286 5,063 4,405 5,735 1,330 1,516 3,149 5,465 4,054 6,627 1,368 1,655 2,305 2,840 1,556 4,480 978 1,578 3,117 3,976 2,590 r5,796 1,441 2,017 3,696 5,246 4,126 6,147 1,526 1,923 7,107 5,050 63 5,780 1,014 251 7,486 6,188 53 6,313 963 157 12,145 10,727 66 10,887 1,063 129 6,142 4,256 65 4,799 1,008 270 7~759 5,282 ...do.... 5,562 4,082 59 4,461 894 147 ...do.... ...do.... ...do.... 5,387 565 4,823 5,467 561 4,906 5,743 585 5,158 5,584 601 4,983 5,987 604 5,383 5,944 of dol.. ...do.... ...do.... ...do.... r4,244 r850 r53l r2,863 r4,603 rl,OI8 r602 r2,983 r5,000 r1,281 r509 r3,2IO r5,653 r 1,158 r563 r3,932 r5,907 rl,5f0 r569 r3,828 6,224 1,680 fax gal.. 17,652 13,736 851,287 18,617 13,252 854,709 18,105 10,805 842,059 18,902 12,420 845,407 19,033 11,190 850,996 11,426 6,910 733,530 7,243 6,230 11,592 6,280 736,196 6,870 5,722 11,243 6.139 732,777 4,607 3,675 12,151 6,626 735,536 5,137 4,016 12,500 5,432 740,710 5,238 4,170 844 2,164 1,892 2,225 813 r2,164 1,951 2,359 752 2,114 1,959 2,365 CONSTRUCTION AND REAL ESTATE Highway concrete pavement contract awards: 2/ ...do.... Commercial and factory buildings: ...do.... ...do.... Stee 1 Residences: Brick... . DOMESTIC TRADE Television advertising: ...do.... ...do.... ...do.... .«••«.».«. Magazine advertising: ...do.... ...do.... ...do.... ...do.... ...do.,.. ...do.... ...do.... ...do.... ...do.... FINANCE Federal Government finance: of dol.. ...do.... ...do.... ...do.... 64 6,403 1,146 147 604 5,340 Life insurance written (new paid-for insurance): 574 3,970 FOODSTUFFS Disti1 led spirits: Whisky: LEATHER AND PRODUCTS Leather production: f skins., id kips., f skins.. jr/ Revised. ±/ 759 2,180 2,154 2,407 701 j 2,382 2,547 1 2,505 indexes based on I935-39»I00 are as follows: Measured by— wholesale prices, 44.7; consumer prices, 50.0; retail food, 43.2. 2/ Data for May 1956 and 1957 are for 5 weeks; other months, 4 weeks. http://fraser.stlouisfed.org/ 3 8,3^ 3k Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — Continued 4 1956 1957 ITEM April May J February March April May METALS AMD MANUFACTURES Barrels and drums, steel, heavy types (for salels do rl/2,346 • r1/2,050 rj/69 r2,444 r2,-l79 r68 2,326 2,160 78 4,441 '3,429 1,809 6,794 1,089 1,665 1,279 2,048 87.10 79*49 76*80 70.50 8.2 58.20 51.10 77.70 72.05 5*8 58.90 51.30 89* SO 78.80 5«5 51.30 r45.70 r87.80 T77.65 5.0 p41.55 p38.10 p78.70 p7l805 p4e6 81,342 82,060 38,709 92,650 44,044 83,965 38,575 2,322 2,294 59 2,334 2,469 69 1,924 6,182 2,035 1,178 | 79.30 74*00 71.80 65® 00 Furnaces, Industrial, new orders, nets •thous. of do I**, Fuel-fired (except for hot rolling steel)... Machine tools (metal-cutting): New orders (net), total.••••••••••••••»••••• ...mil. of do 1.s ©9©®<Sa#89« 0 0 s 0© . Estimated backlog...........................®<&©69«e amonthseffi, Tractors (except contractors 1 off"highway md gardenls Shipments CIncl. wheel-type), total.........•thous. of dol.. »••«•«•..©do...« 92,794 49,798 47,292 PULP, PAPER, AMD PRINTING Wood pulp: ©f short tons®* Sulfate Sulfite.................................... Groundwood.•••••.«••••«••.«•«•••«•««««••«« do Soda, semichem., screenings, damaged, etc e » e © » ® ® . © * @ G O ® Stocks, end of month, total, all mills...®.® . a . . . . . . . . . O O © Pulp mi 1 l s e e e s s o , s ..**..*.*...**.*«. © a <s ©e © ©®«««>«00©ffl w © « s 0 ® 1,859,5 65.8 1,016.1 246.2 246*0 102.0 183.4 1,954,4 . 87.8 1,069,2 229.1 268.0 I06 9 3 I94 e 0 1,709.8 83.6 915.6 207,5 244.0 91.2 167.8 r1,893.7 92s0 !,037s3 220.9 r267e2 96,7 H79.6 1,841.4 93.9 993.1 225.5 263*7 96s7 I6894 780 9 8 181.6 493.3 105.8 797 . 6 190.5 504.9 102,2 ' 871.5 206.6 564,3 100.6 r869*8 206.9 r56l.l 10S.8 861.4 209.2 545.6 106.6 r2,645 rl,l62 r 1,203 S2 268 2,76! 1,198 1,274 13 277 2,432 1,104 1,090 12 226 r2,655 r 1,183 r 1,224 rl3 235 2,602 1,169 1,181 13 240 722,551 713,289 684,366 690,627 807,979 672,756 20,838 19,290 9,995 500 9,324 r20,800 19,276 r9,803 r490 9,128 20,161 18,639 9,41 S 471 8,749 19,985 18,457 9,400 r470 8,731 19,929 18,365 11,28! 451 10,461 19,781 18,246 9,223 461 8,533 64.5 34.2 102.5 55.0 47.5 63#9 32.0 110.6 61.0 49.6 6la3 31.9 105,6 59.2 46#4 63a9 34.2 III.3 62.6 48.7 r63.6 34.6 r116.7 r64.3 52.4 62.1 34.1 S22.5 67.0 55.5 Alt paper and board mills, productions ® © © « © ® . ® . « O O © a &. ©@®<»®<S>©»®» O0<J is . © Wet-machsne board, e . s . a . 0 . e8 , e# .*<, 9se «* ffie ®® « © « « © © # « © « 0 0 © as© TEXTILE PRODUCTS Cotton: 2 / se » . ® @ s ® o b @ i @ S « « Manufactures? Spindle activity (cotton systen, spindles)t Active spindles, last working day, total »«««.thousands®. -..-....-.do_.„- Spindle hours operated, all fibers, total...ni1. of hr a . do Rayon and acetate; Production; ®«®«®i»ffl»o® S O o e © ® 8 Stocks, producers , end of month, total••••• • ®.«».««..OO. ©.» ® « © « ® e ® © ® © €20©..© ©»<&©@®®«© jr/ Revised, 1957 cover 5 s Q O e s d ® £/ Pre!Iml nary. ±f Revisions for January 1957 Cthoysands); Orders, 2,511; shipments, 2,166; stocks, 77a other months, 4 UNITED STATES GOVERNMENT PRINTING OFFICE DiVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. FIRST GLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 2 / Dat© for A p r ! I PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300
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