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June 7, 1957 BUSINESS STATISTICS 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 the latest monthly SURVEY SELECTED BUSINESS INDICATORS INDEX, 1941-43 = 10 70 INDEX, 1941 - 4 3 = 10 70 Monthly PRICES OF 4 2 5 INDUSTRIAL STOCKS j Weekly (Wednesday close) 6 0 ! —6 0 1956 \ \r _ 40 195? 50 A 40 30 i i » I i i i i i I i 1954 > i t i I i i i i -J J_lJ-JLJLJ„ i 1956 1955 J F M A M J J A S O N D 1957 INDEX, 1 9 4 7 - 4 9 = 100 200 INDEX, 1 9 4 7 - 4 9 = 100 I 200 Weekly 175 175 1957 150 150 125 125 STRIKE PERIOD 100 .11 1955 1954 BILLION DOLLARS 35 BILLION DOLLARS 70 I I I J I I -LJ-^-L J F M A M J J A S O W D 1957 1956 INDEX, 1 9 4 7 - 4 9 = 100 180 MANUFACTURERS' SALES & INVENTORIES DEPARTMENT STORE SALES & STOCKS (seasonally adjusted) (seasonally adjusted) —I 60 I60h Stocks (end of m o n t h ) 50 / 40 Inventories {right I 5 UaO_ijjLL_LLJ_L 1954 * scale) * BOOK VALUE, END OF MONTH i i i « i I i i I I I 1955 t I I I I I I l I 1 I I I I t l I I I 1 M- S956 1957 30 ,1 I II I I I I I I I 1954 1955 1956 1957 100 WEEKLY BUSINESS STATISTICS1 | 1956 1957 ITEM May 11 June 2 May 26 May 25 May 18 June I Commodity prices, wholesale: Department store sales ,. so * e e e o e » e « e « e G O . & a » 117.2 90.2 104.4 125,4 88.2 133 !,451 1,356 117.2 89.7 105.0 125.3 87,6 120 1,441 1,346 30,589 25,177 18,984 497 30,654 25,031 18,845 450 30,645 25,070 18,818 492 117 1,263 1,188 *S!4.4 *90.9 *!02.4 •121.7 88.3 109 1,322 1,247 30,317 25,310 18,809 534 30,327 24,995 18,569 342 55,444 21,687 85,115 26,877 28,093 8,494 55,521 21,684 84,724 26,873 27,784 8,503 55,273 23,213 86,087 25,552 31,338 8,665 55,057 23,276 85*905 25,221 31,569 8,699 55,15! 23,356 85,626 25,114 31,328 8,664 273 3*46 45.02 47.84 238 3.46 45.11 48.04 267 4.0! 46.3! 49.51 264 4,02 46,83 50,17 309 4.03 47.14 50.53 1,614 11,311 149,122 7,434 1,601 11,519 150,528 7,51! 1,625 1 1,574 150,835 7,457 2,220 86.7 723 352 2,155 84.2 723 350 1 ..9...S.O I 9oIi 117.2. 89.7 105.3 125.2 88.3 3S6 117.2 89.9 105.3 125.2 88.7 Finance: Federal Reserve bank credit outstanding, total J/,*..do,... 1 30,660 24,833 18,616 31 1 Federal Reserve reporting member banks In leading cities:^/ Time deposits, except U. S. Government,, Loans and investments (adjusted), total. Commercial, industrial, and agr. loans (gross)...do.... Bond yields, domestic corporate (Moody's) 3 / O C S 0 S 8 p @ r c e n t s s Stock prices, 500 stocks (Stand. & Poor's) 4/..1941-43=10.. 225 4.06 47.11 50.57 Production: . of short tons., .mi 1. of kw.~hr 9 . Passenger cars and trucks (Ward's),...,... ..thous. of bbl.. •,. • o *thous• of short tons.. Stee 1 ]5/. .thous, of cars.. 1,657 10,927 129,804 7,071 2,396 #97.3 788 385 1,555 10,598 J 94,899 ' j 7,037 2,370 #96.3 719 352 | 2,212 86.4 723 343 99,921 2,252 88.0 J./ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data; S&P's index on revised basis. j?/ Week beginning June 3, 1957: Production, 2,274 thous, short tons"; operating rate, 88.8 percent. ^Monthly index for May 1956, #Not comparable with 1957 rates, which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1957 1956 ITEM March Apri I January February March Apri I GENERAL BUSINESS INDICATORS Manufacturers' sales: Value (unadjusted), total , ..mil. of do!. Durable-goods industries, total J./. ......do... Pr imary met a I ...», .do. • • Fabricated metaI .do.• • Machinery (including electrical).. do... Transportation equipment (incl. motor vehicles)..do... Lumber and furniture .do... Stone, clay, and glass .do... Nondurable-goods industries, total J/ Food and beverage. ; Tobacco. •• Texti Ie. Paper Chemica I Petroleum and coal.... Rubber • do,.. ........do... ,4 do. • • do.. • do... do. •, do... ...do... 28,924 14,469 2,540 1,544 4,064 3,814 27,798 13,999 2,335 1,467 4,120 3,666 69P 970 614 945 599 13,426 4,040 14,455 4,429 13,799 4,249 28,505 14,290 2,607 1,427 3,949 3,313 1,190 27,370 13,944 2,493 1,434 3,876 3,257 1,138 696 14,215 4,229 313 320 338 3!2 1, 168 1,056 1,122 1,096 938 902 930 844 2,059 2,616 2,052 2,424 2,155 2,969 1,968 2,649 460 458 483 452 Value (adjusted), total ,.do... Durable-goods industries, total ±/ do.., Pr imary meta I do. •. Fabr i cated meta I....* do... Machinery (including electrical) ...••••do... Transportation equipment (incl. motor vehicles)..do,., Lumber and furniture* •• do... Stone, clay, and glass... do..< 27,095 13,294 2,444 1,385 3,630 3,021 1,102 27,231 13,519 2,442 1,434 3,740 3,00? 1,105 29,183 14,642 2,444 S,56a 4,205 3,782 1,010 , 29,130 14,726 2,396 1,544 4,225 3,847 1,038 676 705 690 713 Nondurable-good^ industries, total J./... ..do.., Food and beverage. •»«.do.• , Tobacco. •••• ••• do... Texti ie ••••.. do.., Paper ••••••••••••.. .....do.., Chemi cat • do. •. Petroleum and coaI.... ••• • •.do..< Rubber ••.••.•••••«•. •.do. •, 13,801 4,284 13,712 4,245 rf Revised. ±/ Data include "other industries" not shown 14,541 L 4,569 323 348 356 1,123 3,123 1,100 893 884 1,939 2,567 451 1,970 2,499 912 2,095 i 2,883 1 474 14,404 4,520 363 1,191 870 2,023 2,731 476 r29,762 r15,057 r2,540 r1,570 r4,452 r3,795 r1,027 r7!6 28,937 14.677 2,444 1,561 4,300 3,617 1,065 714 r14,705 r4,496 r32l r 1,129 r903 r2,187 r2,825 486 14,260 4,381 341 1,090 930 2, !25 2,695 r28,770 r14,438 r2,380 r1,524 r4,!7l r3,706 r997 r73l 28,549 14,100 2,395 1,561 4, 103 3,392 986 687 r 14,332 r4,562 r345 rl,H8 r860 r2,057 r2,7!6 14,449 4,583 355 1,112 9S2 2,038 2,778 MONTHLY BUSINESS STATISTICS — Continued 3 !956 ITEM March 1957 January April February March Apri 1 GENERAL BUSINESS INDICATORS - Continued Manufacturers' inventories, end of month: of do!.. e edO,„, . Machinery (including electrical) ••••••••< , ,do,9•. Transportation equipment Unci, motor vehiclesO.do..., ,.do.... ,.do.,.. ..do.... i »pei eeee.«a«eee9oeee.eeee,eeeeeeeeeeeee@eeea« aedO.... ..do.... ..do.... ..do.... Transportation equipment Unci, motor vehicles ).do.... ,,do.... ,.do.... ..do.... Texti ie ..do.... ..do.... ..do.... ..do.... Rubber•••«•••,•.•••••••.••,•••••••,,,••.,,•»•,..do.... Manufacturers1 orders: ..do..,. ..do.... Transportation equipment Unci, motor vehicles). ••do.... ..do.... ..do.... ..do.,.. Transportation equipment (incl. motor vehicles). ..do.... Unfilled orders, end of month (unadjusted), total,,. ..do,,.. ..do.... •.do.... Transportation equipment (incl. motor vehicles). ..do.... 47,674 27,592 3,524 2,935 9,222 6,875 S,792 1,040 48,170 27,955 3*536 2,962 9,458 6,877 1,830 1,053 51,971 30,037 4,325 2,989 10,092 7,526 1,804 1,078 52,291 30,337 4,335 3,044 80,219 7,552 1,810 1,117 r52,626 r30,648 r4,276 r3,101 r10,304 r7,665 r1,846 rl,l33 52,655 30,819 4,220 3, 194 10,370 7,694 1,824 1,155 20,082 4,323 1,926 2,506 1,139 3,406 2,729 .1,018 20,215 | 4,303 1,884 2,542 1,145 3,434 2,789 1,019 21,934 4,885 2,097 2,645 1,258 3,792 3,022 1,015 21,954 4,768 2,103 2,655 1,302 3,850 3,022 1,015 r21,978 r4,647 r2,076 r2,670 r1,345 r3,874 r3,068 1,029 21,836 4,503 2,070 2,630 1,336 3,893 3,092 47,433 27,432 3,677 2,877 9,094 6,800 1,792 1,010 47,958 27,723 3,688 2,933 9,292 6,781 1,812 J 1,022 5 5,498 29,884 4,259 3,019 10,070 7,430 1,804 1,057 51,903 30,190 4,342 3,044 10,193 7,511 1,810 1,074 r52,263 r30,388 r4,408 r3,040 r!0,!60 r7,557 r1,846 r8,100 52,482 30,587 4,399 3,162 10,188 7,595 1,806 1,121 20,001 4,39! 1,870 2,457 1,117 3,361 2,785 979 20,235 4,448 1,865 2,492 1,134 3,407 2,817 970 21,614 4,712 1,942 2,672 1,258 3,721 3,113 995 21,713 4,706 1,965 2,655 1,264 3,796 3,084 985 r21,875 r4,752 r1,996 r2,6!8 r1,293 r3,82l r3,131 989 21,895 4,691 2,050 2,578 1,323 3,863 3,123 28,593 14,557 2,613 1,538 4,162 3,173 14,036 27,556 14,257 2,146 1,609 4,335 3,188 13,299 28,652 14,362 2,293 1,515 4,177 3,669 14,290 27,438 13,713 2,446 1,509 4, 147 3,139 13,725 r29,259 r14,724 r2,633 r 1,567 r4,327 r3,492 r 14,535 27,648 13,323 2,118 1,469 4,036 3,212 14,325 26,912 13,337 2,333 1,373 3,877 2,884 13,575 27,752 14,073 2,146 1,577 4,122 3,188 13,679 28,935 14,393 2,316 1,595 4,209 3,669 14,542 28,228 13,979 2,375 1,540 4,212 3,304 14,249 r27,670 r13,524 r2,35l r1,438 r4,032 r3,175 r 14,146 27,804 13,214 2,184 1,440 3,839 3.212 14,590 57,224 54,211 7,387 4,287 17,036 20,948 3,013 57,410 54,524 7,040 4,462 17,495 20,879 2,886 62,134 59,335 7,486 4,451 19,283 23,901' 2,799 61,774 59,049 7,597 4,493 19,310 23,374 2,725 r6l,27l r58,7l6 r7,690 r4,490 r19,185 r23,07l r2,555 59,982 57,362 7,364 4,398 18,921 22,666 2,620 2.8 3.3 .2 rl.4 1.3 .2 p2.8 p3.2 .3 2.8 3.0 .2 1.4 1.2 .2 59,765 52,447 7,318 57,702 50,669 7,033 EMPLOYMENT Labor turnover in manufacturing establishments: 3.3 3.4 .3 1 1.4 1.5 .2 i 3 2 * loyees.. ..do.... ..do.... ..do.... ..do.... ..do.... 3.1 3.5 .3 1.6 1.4 .2 kw.-hr.. ..do.... ..do.... 57,618 50,344 7,274 54,519 47,489 7,030 62,938 55,503 7,435 55,374 48,666 6,708 kw.-hr.. Commercial and industrial: Small light and power..,•••••.•«••••••••.•••«••< ..do.... Large S ight a#d power•«..••••••••.••••••••••••.,..do.... Railways and rai8roads..•••••«••«•••..«,•••••••••« ..do.... Residential or domestic...,•.•»»••••.••«...•••••»« ..do.... Rural (district rural rates)..«..,.»,...........,, .do..,. Street and highway tighting....»».«......»......., ..do..,. *44,792 **44,108 47,693 46,217 *7,094 *22,665 #427 * 12,542 *682 *453 *88l *48 **6,962 **22,503 *#398 **I2,2II **684 1 **4!2 **895 **42 7,640 23,795 412 13,561 784 487 39 973 7,583 22,640 373 13,389 758 440 45 989 784,979 775,742 Lay-of f..... Quit......... 9 i 3.3 ! .2 5 *1.3 P.2 pl.5 pl.3 P.2 ELECTRIC POWER Electric power: Sales to ultimate customers, total (Edison Electric Revenue from sales to ultimate customers (Edison of del*. #733,57! **724,794 * £/ Revised. j>/ Preliminary,, •* Data are for January 1956. ** Data are for February 1956. J/ includes data for "other industries" not shown. MONTHLY BUSINESS STATISTICS — Continued 4 1957 1956 ITEM March LEATHER AND PRODUCTS Leather productions Calf and whole kip..... 9 e e o e 9 8 e s e < s o @ e e e 3 S e t h o u s s of skins. Cattle hide and side k i p e o s o s o o o o t h o u s s of hides and kips, Goat and k i d a e 0 0 G e o o o o o o o 0 o s e e 6 O O 9 o e 0 9 0 s e o t h o u s 0 of skins. Sheep and ! a m b s a o o o o o a o o o 3 f f l 0 @ o e o o 0 3 0 s o e o o o o 0 6 e e s 6 S 0 0 0 d o a . , METALS AND MANUFACTURES iron ore (Lake Superior district)? Consumption by f u r n a c e s ® e e o o o e 9 0 0 e e e o o t h o u s 0 of long tons 0 Stocks, end of months t o t a l o a o o a o o s o o s e , a o • • o e s o , e e s o d o e e e At furnaces, ...............^....o.ooooooooo.oe... • ®do 9 o. On Lake Erie d o c k s s , . , o e 0 O 9 0 e o 0 . . , . . s o e o . s e s o o o a „ s s d o e . . Castings, gray Irons Orders, unfilled, for s a S e a 0 O O o s o , , 0 0 t b o u s 0 of short tons 0 ShIpments, totaI , ... B „M.odo.„ 0 For sale.,..,,..,8...,.,...„..,,,..„.0O.o.,.0O0 . . o 0 d o . . . Castings, malleable Irons Orders, unfilled, for sale.,.,,, ,.... short tons, Sh i pments, tota I , , do,., For sale „„, .,„..o„, do.,, Castings, steel: Shi pments, tota I................,.0«o,,oo«,,...,,,,. edoe,. For sale, total,,, „ „ „ „ .„do„, RaiIway specialties...............,......,...,. B6doOQ« Apr i I January February March 819 2,285 2,242 2,399 759 2, 180 2, S54 2,407 872 2,254 2,064 2,065 r844 r2,!64 1,892 2,225 813 2,173 1,951 2,359 23,370 23,020 20,365 2,655 r7,453 19,373 17,184 2, 189 7,892 37,484 33,580 3,905 7,099 30,110 26,817 3,293 7,602 21,941 19,672 2,270 1,163 1,255 715 1,145 1,218 702 905 1,213 642 931 I, 103 582 935 I, 133 601 106,491 86,941 46,266 •99,573 83,320 47,064 93,886 85,977 51,508 90,725 78,028 46,729 89,431 r-78,013 48,311 170,045 130,839 31,99 S 163,708 *25 01s? 169,240 ', 33,826 30,090 154,932 121,667 r160,05A 124,416 29,968 Apr! I Nay .11-. J-eb-uary 27,181 March Apr 1 ! r3,265 r2,377 r S, 167 r875 r258 709 269 r264 105 383 r3,639 r2,577 r1,300 940 r326 713 Aprs I 7,158 17, 167 15,170 i,996 Nay CONSTRUCTION AND REAL ESTATE New construction (unadjusted), totaI,,oe.,so,,. ,mfI. of dot, Pr i vate, tota I,,,,,...,,, „,,,,,,,..,..,.,,,,, 0 . „ „. 0 , s do e ., Resident! a I Cnonf arm) 9 09e e aos , Qa , sso<S oo 0000 , 3 , 3 , 3!;)S , OSQO odQ oe< New dwelling u n i t S s o ^ . ^ ^ o ^ ^ . o . ^ . ^ o ^ ^ ^ . e d o , , , Additions and a i t e r a t i o n s e s s a o e s eeo<90S eo ea oe eo o 0 o d © o e < Nonresidential building, total J./.,,,. S 9 e 9 0 e* 6 e 9 ,, e do o s < Industr ial,.,,,,,.,,,,.,..,,,,,,.,,,,,...,,,,,.,,do®•. Commerc i 3 ! „ , , 8 , , 0 9 „ 8 6 „ , , „ 9 , 3 . 0 ( , e , 0 ( ( e „ , 0 , , , „ do*, < Farm construct ion,,,.,,,,.,,...,.,,,,,,,.,,,.,,,,, e do 0 ,, Pub Sic ut i SIty.,,.,,.,.......,..,,,..,,,.,,........do e ,< Public,'totaI...,..,,......,,..,,.,,....,..,,.,.....,do,.. NonresidentiaS bui1d§ng«,,,.,,,,,,,...,,,,,,,,,,...do,,< M M itary fact S i t i e s e e 9 e o e f f l e a , e e c > 0 , 9 ....... , , . M . e , , d o t 8 , Highway,..,,,..................,..,,......,.,.,,,..do*., New construction (seasonally adjusted), total.. e s s B O , e o do, 9 « Private, t o t a L . . „ . , . , „ M , „ < g o ,.do M , Residential (nOO Ta r m ) e < ? s s e e @ , @ e ® @ < » @ ® e e « e < » e a @ « 9 9 9 e ® © d O g © < Nonresidential building, total J./..................do... Farm construct ion,...,,,.. ••••••••• , „ . . . do,,, Pub lie utility....,,.,,..,,.,.,.....,.......,.,,...do.., nUD IIC, TOTa i©..eaoee<s,o,o,e...aSft@e0eeos©o«>ae«oe«e«s , 0 0 ,a « Nonresidenti a I buildsng.». e 6 s , 9.., e e,,, s *.,, e,,,.. .do,.. rl 1 g n W o y , » , , « , , . . , . e a e s e @ e e . s e « 9 , e , 8 3 ® 0 » e » e e e , « . 9 . 6 , 0 O , , < 3,42 S 2,424 1,232 1,090 109 665 239 252 121 398 3,780 2,600 1,319 1,150 132 705 252 266 S39 427 r2,992 r2,209 r1,048 r795 r2!7 r704 270 r257 96 349 997 314 104 355 1,180 335 115 485 r783 r305 r82 r !95 3,683 2,582 1,297 731 127 419 1,101 314 436 3,744 2,608 1,306 745 S26 423 I, 136 325 450 r3,84S r2,7!8 r1,397 r748 123 436 r!,!23 r350 r406 271 r263 119 430 4,017 2,788 1,405 995 373 747 270 287 140 478 r888 345 r84 r230 r 1,062 r374 r95 r335 1,229 387 105 455 r3,878 r2,720 r1,388 r763 r3,886 r2,724 rI,360 r77I 125 453 r1,162 r380 r4!4 3,895 2,730 1,330 783 127 473 I, 165 376 4S0 124 430 rl,158 r366 r434 jr/ Revised, J 7 Except farm and public utility. 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