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March 17, 1967

BUSINESS
STATISTICS

A WEEKLY
SUPPLEMENT
TO THE
SURVEY OF CURRENT BUSINESS*

U. S. DEPARTMENT OF COMMERCE / OFFICE OF BUSINESS ECONOMICS
SELECTED BUBINESS

INDIGATORS

Index, 1957-59=100

Index, 1957-59=100
200

210

ELECTRIC POWER PRODUCTION (by utilities)
(E. E. I. seas. adj. index)

190
180
170
160
Weekly J

150

16Q

I

1964

1965

1966

I I I I I L-J I I L
J FMAMJ
J A S O N D

1967

Data: Edison Electric Inst.

Index, 1957-59=100
I 250

Index, 1957-59=100
250
RAW STEEL PRODUCTION (ingots and all other forms)
200

200

150

100
Monthly
50 I l I I ! L_J J I I I I I I L_JL_«L_J

1964

I I I I L_J I I I I I l_J L.

1965

I I I I I I L_l I I L_J I L_X-

1966

J FMAMJ

1967

J A S O N D

Data: Amer. Iron & Steel Inst.

Billion Dollars
35
SALES OF RETAIL STORES
30

Dollars
3.00

MANUFACTURING HOURS & EARNINGS

Hours
48

(seasonally adjusted)

2.80

25

—

Averagt i Hourly
Gross f arnings
(lefts cale)
\

H 46

_

2.60

44

Nondurable Goods

20

--%'%. ^-•'""* ~

Durable Goods

10

_ 42
H

2.40

\ -

15

2.20

1964

1965

Data: U.S. Dept. of Commerce

i i i i i i i i i i

1966

1967

2.00

\
\

40

i i i i i 1 i i i i i 1 1 1 1 1 1 1 1 1 1 1 1 LI 1,1 1i i1i 1i iI 1I Ii 1t i I

1964
Data: U.S. Dept. of Labor

* Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $6.00 annually/this Supplement
weekly and monthly data subsequent to those published in the latest monthly SURVEY

 provides selected


N

Average Hours Per Week*
(right scale)

.\
I I I M I I 1 I l i l I I i l l i i

N'^

1965

1966

1967

38

WEEKLY BUSINESS STATISTICS1

2

1966

1967

ITEM
Mar. 12

Mar. 5

Feb. 18

Feb. 25

Mar. 4

Mar. I I
100.8

1957-59=100.

114.5

114.2

102. I

101.7

101.4

mi!. $.
do...

5,491
3,653

5,407
3,578

5,376
3,748

5,412
3,715

5,603
3,905

INITIAL UNEMPLOYMENT CLAIMS, State programs
thous.
INSURED UNEMPLOYMENT, all programs.
do...
State programs (50 States, D.C., and Puerto Rico)....do...
FAILURES, INDUST. AND COMMERCIAL (Dun & Bradstreet)..number.

198
1,556
1,47!
301

177
1,459
1,376
290

248
1,651
1,579
286

248
1,697
1,625
294

327

F i NANCE:
• Currency in circu lation 3/
.mil. $.
Federal Reserve bank credit outstanding, total 3_/....do...
Member bank reserve balances 3/
do...
Excess reserves, estimated 3_/
do...

41,235
42,731
22, 1 12
293

41,319
42.987
22,045
360

43,614
46,747
23,721
416

43,568
46,81 I
23,794
553

71,768
46,506
185,315
25,926
60,404
27,253

69,756
46,574
184,997
25,622
60,404
27,210

72,600
46,609
186,506
25,626
60,691
27,168

WHOLESALE PRICES, 22 COMMODITIES 2/.
ALL RETAIL STORES, SALES.
Nondurable goods stores......

Assets and liabilities of large commercial banks: 4/
Demand deposits, adjusted.....
mil. $.
Savings deposits
do...
Loans and investments (adjusted), total.....
do...
U.S. Government ob I i gat ions
„
do...
Commercial and industrial loans (gross)
do...
Real estate loans (gross)
.....do...

71,506
50.524
176,657
24,707
53,887
25,893

Bond yields, domestic corporate (Moody's) 3_/.,.., .percent.
Stock prices, 500 stocks (Stand. & Poor's) 4./.. 1941-43= 10.
Industrials, 425 stocks
.....do...
PRODUCT I ON:
Bituminous coal 3/
thous. sh. tons.
Electric power, by utilities
mil. kw.-hr.
Motor vehicles (cars, trucks, buses)..........
number.
Petroleum (crude) and condensate 3/
thous. bb I.
Steel, raw
Index of production
FREIGHT CARLOADINGS, TOTAL
Mi see I laneous

thous. sh. tons.
1957-59=100.
....thous. cars.
do...

_!_/ Data do not always cover calendar weeks.

2/

Tuesday price.

MONTHLY

43,540
46,183
23,381
I 15

5,0!
89.15
95.41

5.05
88.96
95.14

5.34
88.27
94.38

5.38
*87.34
*93,36

5 S 42
87.68
93.84

1,685
2 1,399
233,128
8,318

1,713
21,424
239,898
8,342

1,805
23,144
178,075
8,712

1,725
23,493
159,310
8,751

1,734
23,209
131,242
8,685

2,692
144.5
558
318

2,476
132.9
531
294

2,582
138.6
504
283

2,528
135.7
534
302

2,660
142.8
545
31 I
3/

Daily average.

4/ Wednesday data.

336

289

43,571
46,451
23,196
367

5.43
88.27
94.50

193,682

2,464
132.3

* Tuesday data.

BUSINESS STATISTICS
1966

1967

j

ITEM

GENERAL BUSINESS
NEW BUSINESS

Jan.

Feb.

Nov.

Dec.

Jan.

19,731
18,087

16,585
17,451

13,982
16,206

16,467
16,583

!8,7!4
16,703

3,384

3,942

4,434

6,940

4,940

5.401

124

124

129

129

129

129

120.5
130.0

121.7
131.2

125.0
136.4

124.9
135.2

125.2
137.3

*I25.5
*I37.5

r22,084
6,985
4,300
1,058

2!,260
6,998
4,366
1,015
774

26,158
8,410
4,899
1,39!
1,012

r31,804
r8,9!6
r4,638
r!,7l2
r i, 0 i 4

r22,589
r7,002
r4,194
r1,125
774

21,459
6,590
3,905
1,046

14,262
1,009
752
1,618
5,348
1,667
2,285

17,748
1,553
840
1,884
5,755
1,922
3,958

r22,888
r2,540
rl,195
r2,039
r6,679
r1,972
r6,111

r15,587
r1,218
r846
r!,858
r5,549
r1,825
r2,502

14,869
999
837
1,754
5,397
1,695
2,419

25,610
8,143
4,761
1,283
986

r25,368
r8,156
r4,745
r1,270
r997

r25,703
r8,178
4,60!
1,299
1,057

25,277
7,733

Feb.

INDICATORS

INCORPORATIONS (Dun & Bradstreet, Inc.):
....

do....

CONSTRUCTION AND REAL ESTATE
NEW CONSTRUCTION CONTRACTS:
CONSTRUCTION COST INDEXES:
Associated General Contractors (bldg. only). . 1957-59=100..
Engineering News-Record:
........ do....
do....
DOMESTIC TRADE
RETAIL TRADE, ALL RETAIL STORES:
ESTIMATED SALES (UNADJUSTED), TOTAL 2 /

Lumber, bui Idino, hardware group

mil. $..
do....
...do....
do
do,...
.do
do
do....
do
do....
do....

ESTIMATED SALES (SEAS. A D J . ) , TOTAL 2 /
do....
do....
..do....
do....

Q 1 "7

r15,099
1, 152
778
1,708
r5,630
1,815
2,375

(

r25,08l
8,324
4,884
1,208
1,149

jr/ Revised.
\_l Data for Dec. 1966 are for 5 weeks; other months, 4 weeks.
March 1967: Building cost !25 s 9: construction cost 137.8.

Digitized for19342
FRASER


25,049
8,185
4,781
1,220
1, 1 14
2/

j

Data for Feb. 1967 are advance estimates.

* Index for

MONTHLY BUSINESS STATISTICS—Continued

3
1967

1966
ITEM
Jan.

Dec.

Feb.

Jan.

DOMESTIC T R A D E — C o n .
RETAIL TRADE, ALL RETAIL S T O R E S — C o n .
ESTIMATED SALES (SEAS. A D J . ) , TOTAL _[/—Con.
Nondurable goods stores
Apparel group
Drug and proprietary stores
Eating and drinking places
Food group
Gasoline service stations
General merchandise group
„
ESTIMATED INVENTORIES:
Unadjusted, total
Adjusted, total
RETAIL FIRMS WITH II OR MORE STORES:
Estimated sales (unadjusted), total
Estimated sales (seasonally adjusted), total

mil. $,
do..,
do..,
do..,
do..,
do..,
do..,

r16,757
1,417
806
1,879
r5,84l
1,907
3,230

16,864
1,450
806
1,945
5,879
1,907
3,225

17,467
1,463
876
1,979
5,921
1,939
3,476

r17,212
r1,386
r892
r2,0!9
r5,86!
r 1,915
r3,3ll

525
508
887
051
913
929
3,406

do...
do...

33,610
34,745

34,670
34,922

38,171
36,734

35,846
36,961

35,823
36,888

do...
do...

r5,524
r6,533

5,256
6,598

7, 190
6,856

9,940
r6,700

5,684
6,885

62,469
18,566
3,318
13,009
9,363
i0,435

62,811
18,722
3,323
13,045
9,410
10,521

64,823
19,415
3,204
13,393
9,778
11,104

r65,076
19,445
r3,293
r 13,392
r9,82l
r11,244

r65,372
r19,469
r3,30i
r13,499
r9,870
rl1,244

13,617
13,833
7,942
8,033

13,775
13,967
8,038
8, 123

14,548
14,436
8,527
8,467

14,440
r 14,446
r8,482
r8,47l

r14,245
r14,462
r8,381
r8,469

131.4
141.3
97.5

125.4
143.8
96.5

155.7
156.4
102.0

r!50.3
M55.8
r103.!

r139.3
r 152.2
rIOI.O

41.2
41.4
42.1
42.4
39.8
40.2

41.3
41.5
42.2
42.4
40.2
40.5

41.3
41.3
42. 1
42. 1
40.2
40.2

41.3
40.9
42.1
41.7
40. 1
39.9

r40.8
r4l.0
r4l.6
r41.9
39.7
40. I

do. ..

2.67
2.56
2.85
2.72
2.40
2.31

2.67
2.56
2.86
2.72
2.41
2, 31

2.76
2.63
2.94
2.80
2.49
2.39

2.77
2.65
2.95
2.82
2.50
2.40

r2.77
r2.66
r2.95
r2.83
2.51
2.42

mil. $ .
do...
do...
do...
do...

64,246
43,085
239
40,565
13,436

63,794
42,717
315
40,189
13,432

68,376
46,281
458
43,912
12,667

70,332
47,192
173
44,282
12,674

67,493
45,602
71
43,464
12,678

do...
do...
do...
do...
liabilities
percent.

64,246
20,098
18,751
37,337

63,794
19,205
18,014
37,322

68,376
19,987
19,093
39,581

70,332
20,972
19,794
40,196

67,493
20,171
18,773
39,216

36.0

36.0

32.0

31.5

32.3

322.00
317.60
273.24
15.53
44.36
4.40

323.31
318.92
273.14
15.82
45.78
4.39

329.41
324.86
272.31
16.29
52.55
4.55

329.32
325.02
273.03
16.69
51.99
4.30

328.87
324.94
273.69
16.90
51.25
3.93

.42

.43

.49

.49

.50

173.0
36.5
136.5
147.3
3.8

167 .8
36 4
131 4
148 7
5 2

171,
38.
132.
155.
3.

175
39
136
156
3

2
1
2
3
5

r174.6
r38.4
M36.2
M60.0
4.2

168.0
36.6
131.4
147.8

168
36
131
148

169.2
38.0
131.2
156.8

170
38
132
158.

3
3
1
0

M69.6
38.5
rl3l. I
M60.5

EMPLOYMENT AND POPULATION
EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS):
TOTAL, SEASONALLY ADJUSTED 2 /
....
thous.
Manufacturing..
.
..do...
Contract construct i on
.
..
do.,,
Wholesale and retail trade
,...
....do...
Services and miscellaneous.
..do...
Government
....do..,
PRODUCTION WORKERS ON MANUFACTURING PAYROLLS:
TOTAL, UNADJUSTED.
.do...
Seasonally adjusted........
.do...
Durable goods industries, unadjusted.
do...
Seasonal ly adjusted
„
...do...
Indexes of aggregate weekly payrolls (unadj.):
Construction (construction workers),.
1957-59=100.
Manufacturing (production workers)„„
........do...
Mining (production workers)
.......do...
HOURS AND EARNINGS PER PRODUCTION WORKER ON PAYROLLS OF
MANUFACTURING ESTABLISHMENTS:
Average weekly gross hours, mfg. indus., unadj
.hours.
Seasonal ly adjusted
do...
Durable goods industries, unadjusted...............do...
Seasonal ly adjusted
do...
Nondurable goods industries, unadjusted
do...
Seasona I ly adjusted
.do...
Avg. hourly gross earnings, mfg 0
Excluding overtime
Durable goods industries
Exc ludi ng overtime
Nondurable goods industries

industries

O do!lars»

.do...
do...
.do. ..
.do...

Exclud ing overtime.
FINANCE
FEDERAL RESERVE BANKS, CONDITION, END OF MONTH:
Assets, total....,
Reserve bank credit outstanding, total..
D i scounts and advances
U.S. Government securities.
Gold certificate reserves....,
Liabi I ities, total
0
Depos i ts, tota I
Member-bank reserve balances
Federal reserve notes in circulation....
Ratio of gold certificate reserves to FR note

FEDERAL GOVERNMENT FINANCE:
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
bil. $.
I nterest bear i ng, tota I
do...
Pub I ic issues
do...
Held by U.S. Government investment accts
do...
Special issues
do...
Noni nterest bear ing......
do...
Guaranteed obligations not owned by U.S. Treasury,
end of mont h
do...
MONEY SUPPLY AND RELATED DATA (avg. of daily figures):
Unadjusted for seas, variation:
Total money supply.....
do...
Currency outside banks
do...
Demand deposits
<jo...
Time deposits adjusted
do...
U.S. Government deposits..
do...
Adjusted for seas, variation:
Total money supply
do...
Currency outside banks
do...
Demand deposits
do...,
Time deposits adjusted
do...,
£./ Revised.
19342

_£/ Preliminary.




1/ Data for Feb. 1967 areadvance estimates.

2
8
4
5

MONTHLY BUSINESS STATISTICS —Continued

4

1966

1967

ITEM
Feb.

Nov 0

Dec 0

89.5
105.2
3*63

83Q5
101.0
3.93

I02a4 1

8, 18
9.10
4.03

8,22
9 0 16
4o03

8/22
9,07

4035
4.94
6.59

4.35
4,94
6 9 59

2.57.90
300.28
1 11.34
109.88

252.36
293.20
106,81
110.59

jan„

Jan,

Feb.

FINANCE—Con.
SECURITY MARKETS:
Bonds (Standard & Poor 5 s Corporation)s
Pr1ces s
Industrial, utility, and railroad (AAA Issues}?
Composite.,.,,,,,,.,,,,
dol, per $100 bond o s
, Domestic municipal (15 bonds).... ..... .. .. •. • •.. *do 0 ...
Yieldss Domestic municipal (15 bonds)........„ 0 percent 0 .
STOCKS:
Dividend rates, prices, yields, common stocks (Moody's)•
Dividends per share, annual rate, composite..,dolIars..
Industr ials
. ,do 0 . ..
PubS ic uti I i t i e s O B o a o e o e a o 0 o o , 0 0 0 < 5 0 0 0 0 c o o „ 0 e 0 0 0 d o a o o e
Ra iI roads...........,„....,................. c ..do e ...
No Y. banks
do,,.,
Fire insurance companies.,. „ . „ „ 0 „ , . „0.,... ,.»., ,do.,.,
Price per share, end of m o s , composite, ,... . . „.. ,do„..'.
industrials.,... .............. •. ... .....,...,. .do...,
Pub lie uti Iities 00 . fflSO ., .,„, 000000ffl00 .
O o ao do.. ,,
Rai Iroads,, ,„,„,,,,.
.,„„
,,
do.,.,
Yields, composite,,.., oas,... ,„.. •.,». • ........percent.,
I ndustr ials
„..„,
,,,,,
do....
Pub lie uti I ities D O 0000ffl0 0005,os oooffl8 O O S S O o o e o s o o d o o o o s ,
RaiIroads,,.,,...,,,..,........................do 009 .
N s Y, banks....................................do....
Fire

insurance c o m p a n i e s , . , . , ,

.,.,,..,..do,.,,

90 o 5
106,9
3*52

|

83.0
3„83

|

85,9
106.0
3,58

8,23
9o08
4, 18

8,29
9, 15
4. 18

4.6 I
5, 14
7.42

4,61

4,63
5,22
7,53

218.34
248,93
103,47
83.25

217,56
246.38
105,99
82,9!

233.54
266.77
108. 12
93. 13

3.78
3.69
3,94
5.56
3,80
2.92

3.55
3.43
3.87
4.97
3,79
2,93

6,69!
10,275
54,658
2,707

3,400
10,203
47,843
2,644

4. 15

5. 14 1
7,53

|

3 Q I7
3.03
3.62
3.96
3 9 55
2.70

3,26
3, 12
3.77
3.93
3,78
2.79

3,069
9,595
r47,60l
2,488

3,232
9,499
41,295
2,305

916
i,227
661

977
1,229
671

r964
r1,268
r7l I

962
1,210
663

176
98
56

174
97
55

193
92
59

182
89
56

443
175
145

452
168
137

r6l9
rl76
147

591
179
148

423
339
3,222

456
345
3,273

404
382
3,234

345
374
3, 141

307
34 1
3,251

722
965
3,531

749
776
3,619

1,031
I, 147
4,285

1,029
!,402
4,202

826
886
3,465

86 B 4
106,3
3a56

8.30

9, 16
4,20
4,63
5.28
7,8!
233023
267,35
105. 18

92.56
3.56
3.43
3.99
5.00
3.94
3. 17

METALS AND MANUFACTURES
IRON ORE ( U . S . and f o r e i g n o r e s and o r e a g g l o m e r a t e s ) ?

Receipts at iron and steel plants.........thous. |g. tons..
Consumption at iron and steel p I ants,.........,......do,.,,
Stocks, end of mo,; A t furnace yards,
do,..,
At U.S. docks...................do....
Castings, gray iron:
Orders, unfilled, for sale, end of mo
thous, sh. tons..
Shipments, tota I,
„.,,..
.do....
For sale
,
do.,.,
Castings, malleable iron:
Orders, unfilled, for sale, end of mo................do....
Shipments, total
..........do....
For sale
.,
do....
Steel castings:
Orders, unfilled, for sale, end of mo
„...do..„.
Shipments, tota I
.do....
For sa le
do....
Fabricated structural steel:
Orders, new (net)
thous. sh. tons..
Shipments
,
do....
Backlog, end of month..........
do....
Industrial trucks (electric), shipments:
Hand (motorized)
number..
Ridei—type,,.
do....
Ind. trucks, tractors (combustion engines), shipments..do....

i1,490
10,257
58,242
2,818

r/ Revised.
USCCMM-DC—19342

POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C. 20402
OFFICIAL BUSINESS

First Class Moil

WEEKLY SUPPLEMENT
OF CURRENT
Digitized for SURVEY
FRASER


BUSINESS