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May 30. 1958 STATISTICS BUSINESS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription t o 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, S94S - 4 3 Index, 1941-43 = 10 Weekly "onti"y PRICES OF 425. INDUSTRIAL STOCKS (Wednesday close) 60 H 60 1957 \ ^^^^v 50 50 - 40 30 •• 1 0 70 TO \f**r/* 1958 40 - - 20 A O - 1 - J - J L . H 1 8 \ iL.J-.L-_ 1955 i i J _ I ..i L_j__i I__I_J 1 1 I \ 1 S § 1 8 t 8 | _ J 1 1957 1956 1 i S 8 6 1 8 \ \ 9 i i i 1 i—i i i ) J 2 0 J F M A M J J S958 Index, 1 9 4 7 - 4 9 = 100 275 H 30 A S 0 N 0 Index, 1 9 4 7 - 4 9 = 100 275 Monthly ELECTRIC POWER PRODUCTION (by utilities) (E. E. 1. seas. adj. index) 250 225 X "1 H 200 175 J - L - L i - L - L l . I . I . I 1 ^JLJL^J^JL^XJU^J™^^ m 1 1 L L..l_XjLJL.l ,J—1— -JLJL_L__JLJLJ I ...i i .1—i—1 Index, 1 9 4 7 - 4 9 = 100 125 CONSUMER PRICES Index, 1 9 4 7 - 4 9 = 100 120 120 HO 115 100 COTTON CONSUMPTION (daily average; seas, adj.) no p Food 1 0 5 U I I I I I I I I I I 1 i I I I I I I H I I 1 I I I M \ I 1 I II 1 1.1 I I I It II I I 1955 1956 1957 1958 90 h 8 0 »' ' I II I11 I II 1 I I I I I II M II 1 I II II I I I I II 1 I I 1II IM M I 1955 1956 1957 1958 WEEKLY BUSINESS STATISTICS1 2 1957 1958 ITEM May 18 May 25 May 3 May 10 May 17 May 24 Commodity prices, wholesale: All other...... 1947-49=100.. do.... do.... do..,. do.... ...do.... , do.... .*•••..... 87.6 129 1,435 1,346 264 * 125.2 88.3 124 1,357 1,270 309 84.1 132 3,414 3,156 336 119.3 97.7 M2.0 125.4 84.4 S38 3,319 3,064 279 30,654 25,031 18,845 477 30,645 25,070 18,818 534 .30,518 24,566 18,249 660 30,659 24,763 18,276 690 30,812 24,854 18,190 629 55,057 23,276 85,905 25,221 3i,569 8,6fi9 55,151 23,356 85,626 25,114 31,328 8,664 55,699 27,295 92,483 30,548 30,!85 8,746 54,915 27,444 91,973 30,496 30,129 8,757 54,706 27,519 91,785 30,511 30,093 8,774 4.02 46 s 83 50.17 4.03 47, !4 50.53 3.99 43,44 46.22 4.00 43.93 46.80 4 3. !2 45.84 1,058 11,251 96,251 6,227 1,042 ii,3!5 95 f 944 6,250 1,195 11,257 I04f162 6,262 S,289 #47.8 533 292 i,334 #49.4 535 288 i,4!2 #52.3 561 297 *II7.I *89.5 * 104.9 M9.5 98.6 i 12.8 125.4 85.5 127 1 19 3 97 3 M3.0 327 337 30,822 25.016 18,248 648 !2S5„2 85.7 Finance: Federal Reserve bank credit outstanding, total .4/ do.... do.... Federal Reserve reporting member banks in leading cities: J5/ Time deposits, except U. S, Government., Loans and investments (adjusted), total. do.... Commercial, industrial, and aqr. loan:> (gross)..*.do-.-. Bond yields, uomebi io corporate ( M O O G V : S ) Stock prices, 500 stocks (Stand. & Poor*s) 5./.,.l94l~43»IOe_. Industrials, 425 stocks,,,,,,*,.,, e c » a s = , S eo * a d O . . . , Production: s. of short tons.. 1,587 M,5I9 150,528 7,511 ? IKK 84.2 722 350 1,579 M,574 150,835 i 7,457 i 2,212 86.4 723 343 4.00 4.00 43.55 46.32 104. >;?5 i 523 #56.4 J./ Data d o not always cover calendar w e e k s . £ / Tuesday prices. V Revised series; not comparable with data in issues prior t o M a y 9, 1958. 4 / Daily average. j>/ Wednesday data. _6/ Week beginning M a y 2 6 , 1958: Production, 1,526 t h o u s . short tons; operating rate, 56.5 percent. * Monthly index for M a y 1957. # Based on January I, 1958, annual capacity (140,742,570 t o n s ) ; not comparable with 1957 rates which are based on January I, 1957, annual capacity (133,459,150 t o n s ) . MONTHLY BUSINESS STATISTICS 1957 1958 ITEM March Apr i ! January February March Apri I GENERAL BUSINESS INDICATORS Business incorporations: 12,049 12,312 13,080 118.9 106.8 113.2 110.7 116. I 100.6 119.3 106.5 113.8 110.5 118.7 102.0 122.3 106.9 118.2 114.6 121.9 M0.2 124, 112. 104, 134.4 125.2 112.4 105.1 134.5 136.4 122.9 110.5 do... do... do... do... 5947-49= 100. do... .number. New incorporations (48 States)...., 11,670 11,329 122.5 106.8 M8.7 114.5 124.4 I 12.0 123.3 106.8 120.8 114.1 130.7 114.4 1/123.5 106.7 121.6 112,5 136.6 M5.9 127. I I 15.7 104.2 136.8 127.3 N5.9 104.9 137.0 127.5 115.9 103.9 137.1 127.7 116.0 104.0 137,3 136.9 123.3 I 11.8 141.7 127.8 116.6 141 128 3 16 142.3 128.3 SS7.0 142.7 128.5 117.0 135.1 125.2 175.8 124.2 135.5 125.5 176.8 124.2 138.7 128.4 182.4 127.0 138.5 127.9 185.4 127.0 138.7 128.0 185.9 127.2 138.3 127.6 186.1 127.2 85.5 84.1 85.3 83.8 84.1 8 3.8 84.0 81.6 83.5 81.1 2/83.8 2/81.0 3,120 1,817 423 880 3,185 i,836 411 938 3,363 i,925 456 982 3,404 1,934 442 1,028 3,464 i,947 428 1,089 3,527 1,958 413 1,155 10,466 COMMODITY PRICES Consumer price index: A I I items Appare I Food Da i ry products Fruits and vegetables..... Meats, poultry, and fish 1947-49= 100. do... do... do... do... do... Hous ing.« Gas and electricity Housef ur n i sh i ngs Ren+, , „ Med i ca I care Persona I care ..., Reading and recreation „ , P. Transportat ion ,, Pr i vate, , Pub I ic. „ Other goods and services Purchasing power of the dollar as measured b y — Wholesa le pr ices Consumer pr i ces ,„ do. do. do. do. ..do. do. do. FI NANCE Agriculturai loans and discounts outstanding of agencies supervised by the Farm Credit Adm.: Total „ . *.»....mi I. of do I. Farm mortgage loans: Federal land banks do... Loans to cooperat i ves do. • • Other loans and discounts do... £/ Revised. ±/ Index based on 1935-39=100 is 206.5. 2/ Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices. http://fraser.stlouisfed.org/ 43.9; consumer prices, 48.4. 12884 Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — Continued 3 1958 1957' ITEM March Apr i I January Apri i March February FINANCE - Continued Federal Reserve banks, condition, end of month: 51,016 24,970 23,149 * 21,627 51,016 19,835 18,629 51,159 24,330 23,240 22,099 51,159 19,785 18,667 50,731 24,570 23,628 21,804 50,731 19,650 18,532 117 276 415 481 633 26,454 46.7 26,323 46.7 26,711 47.4 26,559 47.7 26,537 47.2 51,315 24,672 23,681 21,409 51,315 19,516 18,254 p657 26,375 46.7 5,243 4,786 7,756 6,299 11,182 9,501 6,039 3.496 51,494 24,960 23,169 21,635 I 51,494 19,983 18,864 51,428 24,352 23,331 22, 104 51,428 19,956 18,958 Federal Government finance: 12,145 10,737 6,142 4,256 i 66 65 69 58 69 68 2,868 7,327 3,646 3,034 4,741 3,584 692 1,192 5,584 406 2,658 6,538 476 722 1,278 1,302 1,249 680 1,270 1,237 1,189 5,987 6,0M 6,122 520 633 1 486 385 5,528 5,749 601 604 I 693 606 616 613 4,983 5,383 ! 5,318 4,922 5,133 5,508 5,653 1,158 5,907 1,510 5,402 1,554 4,860 5,688 1,319 5,436 563 569 428 944 459 3,932 3,828 3,420 104.4 110.0 104.3 109.8 4.46 4.47 Life insurance written (new paid-for insurance): 509 964 509 3,457 3,860 3,963 105.9 110.0 105.7 109.1 105.0 107.9 105.3 110.0 4.36 4.38 4.42 4.37 Security markets (Standard and Poor's Corporation): Bonds: Pri eef: Industrial, utility, and raiIroad (AI+ issues): Stocks: Dividend yields, preferred stocks, 14 high-grade.percent.. Prices: Combined index (500 stocks)....... .1941-43=10.. 44.03 46.86 46.56 32.08 32.45 29.37 45.05 ! 48.06 48.26 32.67 33.03 29.78 i 41.12 43.98 43.00 31.43 33.30 22.69 41.26 44.01 43.32 31.60 34.12 23.00 42.11 44.97 43.60 32.35 34.57 22.60 42.34 45.09 42.61 32.78 35.54 23a20 19.50 38.87 27.80 19.40 38.82 28.38 19.08 37.98 25.88 19.55 38.87 26.81 20.21 39.56 27.49 20.26 40.17 27.36 41,136 76,985 1,208 9,796 32,738 64,305 1,570 10,414 47,517 80,808 2, 144 8,506 39,710 78,233 1,778 7,339 40,210 71,259 1,931 8,540 11,522 6,371 89,577 111,620 11,766 7,420 97,156 105,163 10,451 6,281 106,806 111,467 10,793 5,314 94,875 104,663 11,881 6,198 89,167 110,881 197 18,701 27,080 193 16,647 30,226 165 18,197 25,436 167 16,965 22,638 18,585 27,340 4,253 8,289 379 500 39,816 51,041 3,823 7,168 ,357 528 35,442 48,871 3,564 6,138 348 874 38,813 41,701 3,283 6,677 290 671 32,500 42,216 3,823 7,653 278 736 32,802 45,228 25,910 70,419 31,879 9,951 8,618 56,587 15,428 24,217 67,640 1 32,382 10,508 8,961 51,793 15,711 25,630 68,977 27,927 10,340 7,533 69,522 15,677 21,871 58,327 r25,805 r8,643 7,910 r61,801 r12,938 23,901 62,326 25,883 8,506 8,637 64,575 14,356 1,932.0 918.1 49.5 964.4 190.8 1,866.0 906.1 1 50.6 909.2 182.1 2,050.6 1,622.0 789.7 47.4 784.9 146.5 1,719.7 809.5 50.2 859.9 154.5 Banks: CHEMICALS AND ALLIED PRODUCTS Organic chemicals, production: Methanol: Natural (lOOjO........•••••••••••••••••••••thous. of gal.. Synthetic plastics and resin materials, production: Cellulose acetate and mixed ester plastics: Nitrocellulose sheets, rods, and tubes........«......Ado...e Phenolic and other tar acid resins.••••«•••••«.••••••.do.••• Urea and me 1amine resins•••••••••••••••••••••••••••.••do.... FOODSTUFFS r/ Revised. 2./ Pre I iminary. 72884 998.1 52.3 1,000.2 193.4 1,804.4 839.0 57.8 907.7 165.2 MONTHLY BUSINESS STATISTICS — Continued 4 ' —— —— 5957 5TEM March 1958 Apr 15 1 January February Apri 1 March METALS AND MANUFACTURES short tons., 7,246 6,870 4,854 4,064 4,464 3,827 26.85 22.00 57.80 50.80 2.7 265.5 238.2 1,026.5 434.0 28.30 23.75 48.05 43.15 2.7 225.6 263.5 876.9 370.4 r36.!5 r29.80 r54„15 r48.50 2.7 295.4 278.9 931.3 416.9 p28.25 p20.65 P5I.20 p44.40 p2.6 247.3 218.6 p654.1 p3l5.4 Machine fools (metal-cutting and metainforming): li 1. of do5.. .thousands.. ......do.... Television sets (inc8. combination), production 2i ......do.... 72.75 64.60 115.60 103.35 5.2 312.7 286.2 5,609.1 559.8 64.30 57.45 f10.65 97.00 ! 4.8 J 281.6 1 230.7 5,5 15.8 365.2 PAPER AND PRINTING Newsprint, Canada Cincluding Newfound Sand): Newsprint, United States: Consumption by publishers. short tons.. do.... do.... 574.2 526.5 200.8 554.8 538.4 257.3 498.3 474.8 155.9 473.8 435.2 194.6 521.8 471.1 245.2 522.6 532.7 235.1 •••••••••••••••• ......QO.... do.... do.... 463.3 164.4 561.2 442.3 562.4 162.6 385.9 157.0 158.8 364.7 140.4 138.7 434.4 148.4 555.0 423.3 148.6 149.2 do.... 11.2 580.2 107.8 11.0 ! 592.6 j 500.9 17.6 602.0 108.5 19.3 612.2 107.5 56.7 590.7 99.1 16.0 588.4 506.5 Stocks, end of month; In transit to pub Ushers........•••••••........ . . . . . Q O . . . ® TEXTILE PRODUCTS Cotton; 3/ 690,310 809,727 799,800 639,635 632,022 729,546 19,990 18,457 9,396 470 8,731 r59,888 18,365 r11,299 r452 50,465 59,606 17,950 11,045 442 10,199 19,615 17,945 8,843 442 8,565 19,367 17,682 8,643 432 7,984 19,208 87,602 10,221 409 9,451 Railroad and private-line shops, domestic*. I . . a . . . Q O . . . . 9,774 5,613 5,613 4,165 9,016 5,253 5,253 3,763 7,371 4,988 4,836 2,383 5,511 3,721 3,526 1,790 6,072 4,592 4,426 1,480 5,311 3,778 3,630 1,533 do.... .......do.... do.... Railroad and private-line shops, domestic..*»......do.... 3,199 817 817 2,382 6,453 6,404 6,404 49 401 375 375 26 287 208 208 79 202 201 201 1 278 ......do.... do.... do.... Railroad and private-line shops, domestic..,»..•«..oo..•« 108,990 48,337 47,055 60,653 49,370 59,797 59,214 29,573 44,138 16,276 55,888 27,862 38,249 11,854 11,632 26,395 32,982 8,232 8,158 24,750 Manufactures : Spindle activity (cotton system spindles): Spindie hours operated, all fibers, total..,,mi1. of hre. ,. do.... do.... TRANSPORTATION EQUIPMENT Railway equipment, American Railway Car Institute Freight cars: ••....do.... do.... 106,472 49,540 48,258 56,932 1 178 178 100 rj Revised. ]>/ Preliminary. ±/ Data exclude sales of combination washer-dryer units; sa!es of such types totaled 11,800 units in April 1958. 2/ Data for March 1957 and March 1958 cover 5 weeks; other months, 4 weeks. 3/ Data for April 1957 and January and April 1958 cover 5 weeks; other months, 4 weeks. USCOMM-DC-12884 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300