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^MENTOfc IT £1 L Tl > CI F Available only with subscription t o t h e 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 Billion Dollars 130 Billion Dollars 130 (Wednesday data) 120 h* 120 no h II 0 196© / soo 100 1959 90 1957 1959 1958 » ' » I - L ^ J J P M A W f J J A S O N D I960 Index, 1 9 4 7 - 4 9 = 100 200 STEEL PRODUCTION (Ingots o n d steel for castings) Index, 1947-49= 100 200 Monthly 150 ~ 150 100 - 100 50 ~ 0 \ 80 _l_J l_J—l_J—L-I I—L-X-, ^JUJUX^-L J. J J U X J - X X .- J 1 1 1 i 1 -X—L.JL—L-l— —J X. L 1 1 1 1 X 1 L-JLJ S958 S957 Index, 1947-49= 100 130 Index, 1947-49 = 100 120 FREIGHT CARLOADINGS * COTTON CONSUMPTION (daily average; seas, adj.) (seasonally adjusted) S20 100 \A 80 60 _^s N\f XLUJ.J, 1 1 I I I S957 1111111111 i 1958 s I 10 1/ J 90 *Average per working day MM 1 1 1 1 1 1 I1 I 1 1 1 1 1 I 1 1 1 1 1959 lOO I960 80 I i i i i i I i u- U M f l M f M M ' I i r » ! i I 1957 1958 M i. ' ' ' ' m i I 1959 I960 M I WEEKLY BUSINESS STATISTICS1 2 j 959 I960 ITEM May 23 May 16 April 30 May 7 May 14 May 21 Commodity prices, wholesale: 88.1 137 1,602 1,482 311 *II9.9 *90.8 *I07.7 * 128.4 88.1 139 1,541 1,427 259 31,505 27,563 18,550 454 85.4 151 1,949 1,819 325 119.8 90.7 107.0 128.4 85.3 156 1,873 1,747 327 119.9 91.5 107.3 128.4 85.9 134 304 313 31,515 27,989 18,829 602 31,581 27,234 18,390 477 31,603 27,199 18,245 328 31,723 27,371 18,307 498 31,774 27,480 18,230 462 60,410 30,443 60,454 30,492 "*"32l250 *" S 3U549 58,936 30,487 103,048 25,915 31,013 12,555 58,695 30,516 102,703 25,716 31,053 12,558 119.8 90 7 107.3 128.4 86.6 ••••• •••• Finance: Federal Reserve bank credit outstanding, total £/ do.... Reporting member banks (of F.R e System) in leading cities: j5/ Loans and investments (adjusted), total i 1,918 I1,950 60,702 30,454 103,055 25,991 30,940 12,581 4.58 57.97 4.65 58.09 62.23 4,78 55.04 58.63 4,80 55,04 58,67 4a79 54.57 58.! 1 1,417 12,931 15{ |74 V "^2i6 2,644 #93.4 686 351 1,383 13,300 165,319 7,014 1,379 13,139 171,507 6,771 1,366 13,350 171,152 6,794 2,210 77.6 643 333 2,137 75.0 642 331 2,102 73.8 640 329 9«.,.edcs„, Commercial and industrial loans (gross).... do.... Real estate loans (gross). «««»««« s »«»s«ooeaaeCio s « 9 « Stock prices, 500 stocks (Stand. & Poor's) .5/...1941-43=10.. 62. i i 4.80 55,44 59.12 Production: Motor vehicles (cars, trucks, coaches)....... number.. 1,391 12,684 163,361 7,178 2,631 #92.9 693 356 184,214 2,03S 71,3 J / Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Includes data for Alaska and Hawaii, and for the following programs: _ State; R.R.; Federal employees; and ex-servicemen. 4/ Daily average". 5/ Wednesday data. 6/ Week beginning May 23, I960: Production, 1,906 thous. short tons; operating rate, 66.9 percent. * Monthly index for May 1959. # Based on Jan. I, 1959, annual capacity (147,633,670 tons); I960 rates are based on Jan. I, I960, annual capacity (148,570,970 tons). MONTHLY BUSINESS STATISTICS I960 1959 ITEM March Apri 1 January February March Apri 1 GENERAL BUSINESS INDICATORS BUSINESS INCORPORATIONS: .number.. 18,176 17,615 18,189 14,669 17,437 15,446 ...do.... 1,263 1,292 1,181 1,214 1,335 1,370 ...do.... ...do.... ...do.... ...do.... ...do.... 117 185 210 625 126 121 166 202 671 132 93 193 210 587 98 103 195 196 609 IN 120 241 224 607 143 121 220 215 674 140 of dol.. 65,051 71,907 53,671 60,945 70,193 69,192 ...do.... 5,304 11,589 22,558 20,348 5,252 9,994 8,623 16,501 22,839 13,950 3,129 11,993 16,324 15,951 6,274 2,501 10,770 21,527 16,687 9,460 7,809 19,427 19,170 14,116 9,671 7,065 13,661 18,483 18,563 11,420 10,722 8,426 89 2,938 5,459 857 1,378 6,375 4,258 85 4,002 477 558 1,255 5,425 4,909 90 3,004 564 341 1,427 9,289 7,265 93 5,718 483 1,611 1,384 12,217 9,581 105 3,332 6,192 1,149 1,439 7,468 5,074 6,461 649 5,812 6,427 652 5,776 6,199 826 5,373 6,170 779 5,391 6,424 784 5,640 6,041 5,930 796 636 4,498 5,757 838 575 4,344 I 4,752 847 487 3,418 5,291 953 559 3,779 6,156 1,077 570 4,509 5,747 INDUSTRIAL AND COMMERCIAL FAILURES: ...do.... ...do.... FINANCE FEDERAL GOVERNMENT FINANCE: of dol.. ...do.... ...do.... ...do.... ...do.... 91 4,290 619 858 1,609 772 5,269 LIFE INSURANCE WRITTEN (NEW PAID-FOR INSURANCE): ...do.... 885 609 4,253 CORRECTION for p. 2 of the May 20, I960 Weekly Supplement: Gross national product—imports component for the first quarter I960 should http://fraser.stlouisfed.org/ read $23.6 billion instead of $33.6 billion. 9394 Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — Continued 3 1959 I960 ITEM March Apri 1 January February March April CHEMICALS AND ALLIED PRODUCTS ORGANIC C1CMICALS, PRODUCTION: ...do.... do.... .thous. of gal.. 57,570 86,949 1,512 10,417 12,629 48,729 90,445 1,797 7,819 13,440 60,536 93,744 2,014 6,980 13,863 r65,926 93,302 2,004 r7,085 12,377 99,010 2,073 8,344 13,617 ....do.... do.... do.... 10,339 94,036 148,461 '5,394 91,187 144,117 8,588 114,344 148,791 r5,925 r108,128 147,966 9,849 107,262 156,788 .thous. of gal.. do.... 192 19,774 34,223 156 18,849 33,316 183 24,979 30,675 188 22,524 r31,476 25,523 36,550 3 713 9^049 288 47,956 73,706 9,432 317 44,943 67,625 3,895 7,724 217 47,321 76,715 3,689 8,257 232 48,810 73,549 4,743 9,611 249 51,520 79,436 30,064 92,310 34,023 10,604 14,783 95,133 31,565 92,122 36,373 12,413 15,691 98,312 28,529 102,179 30,119 11,652 14,155 113,006 29,110 101,255 31,268 r10,274 14,460 105,663 31,576 108,263 35,224 12,246 16,435 114,566 DDT.e* Ethyl acetate (85#>...... .. Formaldehyde (37# HCHO)...•..•...... Methano1: SYNTHETIC PLASTICS AND RESIN MATERIALS, PRODUCTION: Cellulose acetate and mixed ester plastics: do.... Nitrocellulose sheets, rods, &n6 tubes..... eseeeeeeee OO.« e e do.... .do*... »««.«•.«.«. O O . s e s .do.... do.... do.... A AX/1 FOOD AND KINDRED PRODUCTS VEGETABLE OILS AND RELATED PRODUCTS: Coconut oil: 28.9 38.4 33.6 30.3 39.6 43.6 do.... 25.5 25.0 26.7 27.4 r28.6 25.0 of short tons.. 432.6 722.8 323.5 405.5 r632.7 1,945.4 r576.6 1,443.7 r528.3 953.4 373.7 596.0 do.... 195.2 139.8 151.5 166.4 r289.9 131.6 r267.5 149.5 r246.7 140.8 175.8 188.9 148.9 116.5 r2l2.2 r196.9 H8I.3 130.9 52.8 28.1 31.6 13.7 51.8 77.1 46.3 64.2 r45.6 54.4 40.5 27.8 37.3 22.4 37.2 32.9 32.5 29.5 of short tons.. do 1,080.3 2,219.8 1,037.5 1,846.3 1,016.8 2,770.0 919.9 2,437.5 r1,039.8 rl,922.6 992.8 1,620.2 do.... 1,677.4 186.6 1,596.2 200.4 1,549.8 190.4 1,394.6 188.0 r1,562.2 N7I.9 1,507.6 247.8 do..,. 380.8 365.6 370.5 335.4 r379.4 366.4 ••thous. of lb#. 14,542 5,404 6,143 2,995 15,381 5,712 6,758 2,912 13,764 5,265 5,833 2,667 13,360 5,069 5,510 2,780 15,364 5,272 6,917 3,175 2,783 35,493 511,721 14,325 3,216 38,097 525,850 15,044 2,718 37,630 472,885 13,354 3,087 35,181 r486,035 13,011 3,246 40,260 531,025 14,935 7,462 1,570 26,612 7,338 1,69! 28,987 7,754 1,435 21,904 7,342 r1,470 r22,38l 7,714 1,700 24,300 387.4 272.9 150.7 423.3 294.8 156.5 372.5 250.0 131.3 r426.4 256.0 135.8 432.8 266.8 143.6 43.8 46.3 43.5 53.2 36.8 43.1 39.2 48.0 35.4 55.2 3.5 171.5 4.0 164.8 3.3 133.5 3.1 158.6 2.9 171.9 Corn oi1: Cottonseed: Cottonseed cake and mea1: Cottonseed ol I: Flaxseed: of short tons.. Linseed oi1: Soybeans: Soybean cake and mea1: Soybean oi1: Tobacco, manufactured products: • *.•••««. edO. . . . do.... dO Consumption (withdrawals): Cigarettes, smai1: • •9••«mi11 ions,. do.... ••••.thousands.. ..thous. of lb.. Manufactured tobacco and snuff, tax-paid. METALS AND MANUFACTURES Pig iron, production (excluding blast furnace production of short tons.. Closures (for glass containers), production.. • •••••mi 11 ions.. ••thous. gross.. Aluminum shipments: ....do.... do.... 6,760 Oi 1 burners: •.••.thousands.. do.--_. Stocks, end of month••••••••.••....•. Stoves and ranges, domestic cooking, including built-ins, shipments: Coal and wood....•••••••••.•••••••••••••••••thousands.. Gas (including bungalow and combination) J/ do.... r/ Revised. J / Excludes shipments of cooking tops (for use with built-in ovens); such shipments totaled 31,300 units in March I960. . 9394 MONTHLY BUSINESS STATISTICS — Conflnyed S959 I960 ITEM Apr 5 I March METALS AND MANUFACTURES - Continued Stoves, domestic heating, shipments, total. @ ooo SS thousands 4 UOS S SOU W O O O © © « e e © Q a a a ® e ® © © s . © a s e © Q S 0 » © Q Q o < a ® © Q a o ® ® B " O . ©{ Kerosene, gasoline, and foe! oi l o o o o ^ . o o ^ ^ o a ^ . ^ d o , , , Warm-air furnaces, shipments, totaS 0 0 oo S o 0 oooooo 0 ©oo« 0 do G O { O v S SO T U @ a©©®©©©©©. @©©©®Q@©©©@©0©©©©©©©©©©©©©©©©©©©0®'-"*"''<3oe Pumps (steam, power, centrifugal, and rotary), new orders 9 , 9 ,o 8 » 8 6 8 8 8 S M»e8".« s ».»» 1 > 9 e » ! .ofni L of dol, PAPER AND PRINTING NEWSPRINT, CANADA (INCLUDING NEWFOUNDLAND)? Production. s .. s . @ a . e . e 0 e e . e ^ o .e e ® e e 0 thous s of short tons, Shipments from mills ....••. B o S o«oottdo,, < Stocks at miffs, end of month,,. oo.ooooootdo,,, NEWSPRINT, UNITED STATESs FT* O u U G T 1 O n a « Q < B e s & a ® o s © o o © © © e i S 0 B e Q S © © a o o o o © o © o e > o « i o o o s G O . © < Shipments from ml I S s e s e o o 9 e @ O o O 6 , o e , O S Q O O 0 O O O o o O O O o o O » d o e e 6 Stocks at mills, end of month«, e 8 a „ S 9 0 £ ) 0 0 0 s l ) 0 0 0 ( > 3 oo 8 do 8 s , ( Consumption by- pub I ishers e a e a . s 0 a s ,. e 9 ( 9 ...... @ a e , S a S e do a o , Stocks at and In transit to pub 1lshers,end of month e do e o ! TEXTILE PRODUCTS January February April March 132.1 12.7 73e I 46.3 95.0 70.3 22.9 1.8 131. S 18.6 75.8 36.7 97.6 74.6 21.1 1.9 72.0 5.4 41 25 78 61 15 S r78.2 7.7 r45.1 25.4 79.9 63.2 S5.3 1.4 ^5»0 «*5 e 5 7e0 7.6 511 ,9 453.2 318,3 534.6 577.5 275.4 5279 4 493.8 187.3 533,6 494e 8 226.0 575 o 0 5I7 S 9 283 s 2 547, 589 5 241, 1 1 ,8 6 159a 24 ,3 457j 578s5 161, 168, 16, 466, 567 . 9 179.4 167.0 30.5 431.6 651.8 S57SS 155.6 32.0 4S6.4 670. S 172*3 166.0 38.4 469.9 646 e I 168.7 173.5 33 e 6 476.9 651.1 864 718 735 731 888 708 19,257 17,637 11,732 469 10,743 r19,274 17,945 r9,55! r479 8,776 19,365 17,678 9,995 500 9,144 19,358 17,665 9,985 499 9,131 S9,299 17,602 12,143 486 IS,126 19,310 17,599 9,844 492 8,989 64.1 31.5 94.6 45.3 49.3 64.5 31.9 93.3 43.8 49.5 58.5 25.6 109.0 56.9 52.1 57.9 25.8 109.6 58.2 51.4 r62.4 r28.5 HI5.0 61.7 r53.3 56.9 24.9 118.8 63.6 55.2 2 882 i 851 ,031 s 10,782 7 ,367 3 ,415 35 ,927 14,129 2! ,798 3,741 2,334 1,407 3,785 3,248 537 35,969 15,041 20,928 2,869 1,633 1,236 7,90S 5,138 2,763 5,950 4,408 1,542 5,579 4,210 1,369 6,948 3,933 3,015 3,211 1,398 1,813 1,963 1,843 120 5,551 4,546 1,005 48,369 24,848 23,521 46,522 22,915 23,607 42,334 20,149 22,185 41,206 20,485 20,721 SI4.0 13.7 71.8 28e.6 82.8 66.7 14.7 1.4 COTTON; ±f Consumptlon @eeeesaose> e e o e@Qeeeeeee9 0o e oeathous @ of bales, Manufactures! Spindle activity (cotton system spindles)? Active spindles, last working day..........thousands, Consuming 100 percent c o t t o n o ^ e c ^ ^ o ^ o ^ ^ J o ^ , Spindle hours operated, all fibers, total...mi11 ions, Average per working day. e ...*..*, .eo®® a®*® <>,» do®® < *«« Consuming 100 percent cotton.••••••.••........do... MANMADE FIBERS (RAYON AND ACETATES Productions Filament yarn...••••••••••••••••• ..•••••••'••mi I. of lb, Staple, Incl. tow (rayon)•••••••••••••.•••••••....do.., Stocks, producers 5 , end of month, total•••..*••••••.do.•< r I"" I a m e n T y a m . . © . © a . © © . . . © . . . © . © © © . © , a-© @ a . o @ o © © a e s QOffi a < Staple, Incl. tow (rayon).........................do.., TRANSPORTATION EQUIPMENT Railroad equipment, American Railway Car Institute: Freight cars: Shipments, total.................••••••••••••»•• number, Equipment manufacturers, total.. ••••••••do.., Railroad and private-line shops, domestic. do.. New orders, totaI.................................do.., Equipment manufacturers, totaI..................do.., Railroad and private-line shops, domestic.......do.. Unfilled orders, end of month, total..............do.. Equipmnet manufacturers, total..................do.. Railroad and private-line shops, domestic.......do.. r7 Revised. * January 1959 data. ** February 1959 data USC0MM-DC-9394 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 1/ Data for March 1959 and March I960 are for 5 weeks; other months, 4 weeks. BUSINESS