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November 14, 1958
^ 1 INCOME
BUSINES
°F
•PAVMSMIS
BUSINESS £
• » ^
C
l
STATISTICS
°*
A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS
Available only with subscriptten t o t h e SURVEY OF CURRENT BUSINESS, at $4,00 annually, t h i s Supplement provides selected
weekly and monthly data subsequent t o those published in t h e latest monthly SURVEY
SELECTED BUSINESS INDICATORS
index, 1947-49 = 100
Index, 1 9 4 7 - 4 9 * iOO
175
Monthly
STEEL PRODUCTION (ingots and steel for castings)
150
150
125
100
JLJLJ 3 L-L-L-J
VJL.. L J
F M A M J J A S O N D
1958
Billion
20
Dollars
I n a e x , 1 9 4 7 - 4 9 = SOO
ISO
DEPARTMENT STORE SALES & STOCKS
(seasonally a d j ;jsfed)
ISO
Stocks
{end of mont
140
V^
120
j i i )i i i i i i;
IOO
§955
1956
1957
?958
1955
Index, 1 9 4 7 - 4 9 = 100
Dollars
200 •
2.40
MANUFACTURING EMPLOYMENT &
PAYROLLS (production workers)
"••j
i i i i i 1 i i i i i JJJJL I L L L L U .
i956
1957
2,20
JJLlJjJj.i^iJJ
!958
Hours
56
M A N U F A C T U R I N G HOURS &
175~^\T
Sates
Average Hourly
Gross Earnings
EARNINGS
52
^a
150
2,00
48
H
.80
44
H
1.60
7 5 J - L _ L L l J _ U - L L L \ \ w \\ w\ \ \ _ U J L I J L L L L U J L J L U J _ L L _ U J - L J
1.40
or
§25 ~
Payrolls
^ \ < /
Empi oyment
IOO
w
Average Hours Per Week
(right scale)
36
UjaJLijJj_UXjJ_UJ^jJjJJJ_L JLLU_LLULJJ-L JJ-UJJLL-U-1^J
§955
S957
1958
1956
2
WEEKLY BUSINESS STATISTICS*
i957
ITEM
1
1958
Nov. 9
Nov. 2
Oct. 18
Oct. 25
Nov. 1
Nov. 8
Commodity prices, wholesale:
118.8
92.1
no.i
126.1
86,7
146
#1,863
1,694
288
118.6
91.3
109.9
126.1
87.0
140
#1,854
1,684
275
118.6
90.9
109.6
126.1
86.8
137
31,498
26,925
18,475
515
31,435
27,046
18,652
614
31,299
26,767
18,515
554
56,136
28,243
94,584
32,123
30,446
9,295
56.703
28,230
94,062
31,854
30,315
9,321
57,283
28,233
93,906
31,632
30,337
9,350
!
4.42
50.58
54.18
4 S 4!
51.07
54.70
4S42
51.19
54.73
1,644
11,860
147,365
6,712
1,587 1
M,9I4
159,385 ;
6,796 !
1,411
12,048
59,596
6,893
1,410
12,174
87,228
6,919
1,429
12,330
116,982
6,911
2,04 i
##79.7
714
353
1.996
##78.0
675
338
2,003
74.2
696
343
2,026
75.1
674
336
2,024
75.0
674
336
84.4
130
1,399
1,286
250
•117.8
•91.5
•105.5
•125.8
••84.4
145
1,455
1,330
266
31,008
24,972
18,837
363
31,115
25,225
18,963
454
55,805
23,974
86,743
25,19!
31,756
8,758
54,800
23,943
86,277
24,959
31,751
8,751
4.48
41.02
44.21
4.5S
40.43
43.56
1
|
118.7
91.4
109.8
126.2
••87.6
299
Finance:
Federal Reserve bank credit outstanding, total ,3/....do....
1
31,419
26,694
18,416
449
Reporting member banks (of F.R. System) In leading est less 4_/
Commercial, industrial, and agr. loans (gross).,.do..„.
Bond yields, domestic corporate (Moody's) 3/......percent..
Stock prices, 500 stocks (Stand. & Poor's) £/..I941-43=!0..
|
I
i
4.42
52.03
55.65
Production:
153,227
2,011
74.5
J/ Data do not always cover calendar weeks. 27 Tuesday prices,, 3/ Daily average, 4/ Wednesday data. j5/ Week beginning November 10,
1958: Production, 2,029 thous. short tons; operating rate, 75.2 percent. * Monthly index for October 1957. *• Wednesday price. # Excludes 469,000 and 466,000 insured unemployed reported under temporary programs (TUC) for October 18 and 25, respectively. ## Based on
January I, 1957, annual capacity (133,459,150 tons); not comparable with 1958 rates which are based on January I, 1958, annual capacity
(140,742,570 tons).
MONTHLY BUSINESS STATISTICS
1957
1958
ITEM
September-
October
August
July
September
October
COMMODITY PR5CES
RetaiI price:
A M commodities (U.S.Dept.of Commerce index)., I935"39ss!00,
217.5
217.2
221.0
220.5
220.7
2,550
2,017
2,614
2,076
3,607
2,633
3,467
2,530
3,216
2,353
670
713
705
625
660
490
672
728
718
625
661
490
681
737
683
738
737
637
671
503
690
756
741
639
671
504
69!
756
741
640
67!
504
16,373
5,615
3,078
16,949
5,605
2,945
16,596
5,444
2,907
853
977
919
840
1,002
r16,326
r5,080
r2,447
850
1,038
17,362
5,357
2,562
910
1,035
17,000
5,360
2,789
872
1,005
10,757
1,010
i1,345
1,083
11,153
11 639
954
539
1,406
4,360
1,448
rH,246
r1,042
r538
r 1,276
r4,068
r1,346
12,005
1,132
560
1,303
4,367
1,380
L. 94 i
CONSTRUCTION AND REAL ESTATE
Construction contracts in 48 States (F. W . Dodge C o r p . ) :
Total valuation
....
....mi!, of do!,
Bui Iding, tota1 0
,„
......
„-... do 5 «,
Construction cost Indexes:
American Appraisal C o . , The, average, 30 cities..1913=100
Atlanta*.,....,
• •••
.«..*do 9 .
New York.••••••••«••«•••••••••••••••••••••••••««•o*"°»•
San Francisco.
••••
•••••••••••••*• do.•
St. Louis
*..*.........do.*
Associated Genera! Contractors (all types)
•••do...
7";«
635
670
502
DOMESTIC TRADE
A11 reta i8 stores: J/
Estimated sales (unadjusted), total
Durable-goods stores.•••••••••••
Automot i ve group
.
Furniture and appliance group
Lumber, building, hardware group
m i l . of d o !
•••••••••••.do..
• • • do..
•••••do...
do.,
Nondurab le-goods stores
do..
Appare! group
»• • .do,.
Drug and proprietary stores.....
„
do..
Eating and drinking places
do..
Food group
.«..
»• .do..
Gasoline service stations... •••••••.,.. ...«,;; s =.-. = do__
GeneraI-merehandise group
••••• do..
Estimated sales (seasonally adjusted), total
DurabIe-goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
do..
do..
do..
do..
do..
515
559
867
524
1,291
3,937
1,262
1,696
1,263
4,102
1,287
1,838
1,372
4,25!
3,450
!,576
16,919
5,722
3,190
16,714
5,612
3,180
16,721
5,221
2,803
902
918
838
905
85!
895
l,.#uu
r\ 781
16,859
5,214
2,703
891
919
r16,562
r5,095
2,600
858
926
r./ Revised. J./ Data for October 1958 are advance estimates.
CORRECTION for p . S-35 of October 1958 SURVEY: August 1958 production of bituminous coal should read 33,470,000 short tons.
http://fraser.stlouisfed.org/
9163
Federal Reserve
Bank of St. Louis
16,912
5,322
MONTHLY BUSINESS STATISTICS — Continued
1957
3
1
!958
ITEM
September
October j
August
July
j
September !
October
DOMESTIC TRADE - Continued
All retail stores, estimated sales, (seasonally adj.) - Con.
11,197
1,050
543
1,235
4, 112
1,255
1,803
Genera 1-merchandise group•••••••.••••••••••....••do....
All retail stores, estimated inventories:
24,270
10,690
13,580
24,360
II,120
13,240
11,500
1,060
11,102
1,029
571 1
536
1,247
4,216
1,306
1,879
1,215
4,109
1,250
1,706
24,500
10,380
14,120
24,220 1
10,950
13,270
11,645
1,094
r11,468
1,042
551
563
1,255 j
4,152
1,340
1,918
1/11,590
1,221
4, 169
1,338
i,8i7
23,500
10,720
12,780
23,990
10,730
13,260
r23,5IO
r10,430
r13,080
r23,860
r10,660
r13,200
23,610
10,060
13,550
23,730
10,530
S3,200
4,128
.«,«*««....
Retail firms with 4 or more stores:
3,942
4,236
4,045
4,277
3,345
3,604
3,465
3,697
3,566
222
8?
75
36
232
188
89
77
38
983
210
92
80
39
239
90
74
41
Retail firms with it or more stores:
Furniture, homefurnishlngs stores***.,^-,.,.
Lumber, building-materials dealers...
Tire, battery, accessory stores.«.**«»..«.«
do,...
1,054
1,356
69
,8e,do,9l),
„do„...
6?
3,567
Estimated sales (seasonally adjusted), total. a ,„......do.„..
Appar©1 group.»......e*.......a...».......o.«...a4.do. 6 e«
Furniture, homefurnishings stores.
229
87
72
38
„ B .do... 8
1,132
1,472
Lumber, building-materials dealers
...... .„• • «cia..3a.
62
68
R7 1
74
41 |
1,136
1,478 |
70
68
3,466
219
i,53i
73
1,05!
i,472 ,
59
67
i, 1 12
1,46!
75
8!
79
69
3,728
3,771
250
3,685
97
75
39
237
94
71
43
1,574
1,564
1,20!
1,557
1,134
1,555
64
73
66
75
64
73
II.1
4.0
11.3
4. 1
M.9
4.4
239
91
73
41
87
71
37
i,!06
1,608
75
=*=-==«««*
»*.»•.. e s e
„»*<>»
Wholesale trade:
Durab1e-goods estab!Ishments.••••.•••••«••••••
do....
Nondurab Se-goods estab 1 ishments 0 .. 0 . •,. *• • •. • •.....*do«„,.,
Inventories, estimated (unadjusted), total..,
Durab1e-gcods estab1ishments••••••..••••.•••
...do....
do.,».
M.2
4.2
7.0
12.3 i
4,5
7.8
7.2
7.2
7.5
12.8
12,9
H.7
IS.7
H.7
6.1
5.6
6.7
6„!
6.6 1
693
6.!
6. i
5,5
3.6
52,692
I6v903
52,570 1
!6,783 j
50,178
EMPLOYMENT AND WAGES
EmpIoyees i n nonagricu1tara 1 estab11shments:
Total, unadjusted CU e S„ Department of Labor) e e ,thousands.•
Hanufactur i n g M . t « , , . M t , e < . » l 9 , , ^ > . ; t t , . ,
«..*do«.»•
818
802 I
3,018
4,201
11,349
2,366
6,412
7,625
2,956
4,152
IS,387 I
2,361
5,406
7,723 1
2,382
3,907
!0,964 1
2,410
6,465
7,664 1
12,993
7,414
52,896 |
7,413 I
!1,353
" S It 1 i l ^ t « « » g < t t t 4 i I i g t e « » <, « i «,) .; ; « ir » ii » I « e e « : « > ; e o • t i) • J O . « t» «
Contract construct\on..«••.,»••.••••••..o•••••••••.do...•
Transportation and public utilities
....
do....
Wholesale and rotai i trade,•••••••••
•••••.do..„»
Service and miscellaneous
.
do..,..
15,16!
705
r50,576
r15,462
r708
r2,955
r3,897
ril,0il
r2,4l3
r6,452 ,
r7,678
r5!,234
r15,744
r7S0
: 2,925
r3,89!
rl 1,143
r2,39!
r6,470
r7,960
P5I,2I0
p!5,553
p707
p2,887
p3,89l
pi 1,246
p2,378
p6,469
p8,079
r!!,645
r6,339
r 11,943
r6,584
pi 1,778
p6,480
Production workers in manufacturing industries:
Ordnance and accessories.„......„.
•».:.•*«••• doP«,,*
Lumber and wood products (except furnitur©)•••••• do....
75
599
321
465
72
590
3S9
460
1,063
1,05!
884
897
1,223
1,204
i
I
878
868
j
3,269
!,3!6 1
226
5,579
1,219
Nondurable-goods industries.....••••••
.do....
Food and kindred products,...
...««..,...••do..**
1
Apparel and other finished textile products......do....
102
913
1,08!
460
557
542 |
Printing, publishing, and allied products........do....
Chemicals and allied products..«,
....do. e »»
1
169
207
330
224
5,483
i, 1401
97
907
3,07!
468
56! I
542
\6/ |
210 I
1
327
6,270
67
r67
r68
p70
572 |
286 j
422 j
852
765
990
712
1,063
196
r58! 1
r30l
430
r864
r788
r977 j
r734 i
r 1,034 !
rl99 |
r59l
r3IO
r439
r898
r820
1,013 |
r759 !
r 1,099 |
r206
p593
p309
p4l6
p9!8
p8l2
pl,OI4
p755
pi,001
p208
5,083 |
1,08! !
70 !
r5,306 I
r5,172 j
86
r855
3,044 !
442 j
r542 I
r504
r5,359
r 1,176 1
p5,298
pi,118
i57
175
M57
181
r 153
317
r323
188
322
91.8
93.1
r94. 1
r93.2
r150.0
r96.6
r94.8
rl55.7
830
992 i
429 1
537
496
r95
r860 !
r1,054
446
548
512
p90
p862
pi,047
p444
p552
p5l8
p!54
pl92
p320
Manufacturing production-worker indexes:
105,0
103.3
164.7
104.3
i02.8
162.6 1
p95.2
P93.8
PI5I.7
144.8
r/ Revised. 2.1 Preliminary. J/ Data for October 1958 are advance estimates. 2 / Except ordnance, machinery, and transportation equiphttp://fraser.stlouisfed.org/
ment.
Federal Reserve9163
Bank of St. Louis
MONTHLY BUSINESS STATISTICS — Continued
195&
1957
STEM
September
October
August
3u\*
September
October
EMPLOYMENT AND WAGES - Continued
Hours and earnings:
Average weekly hours per worker, s N manufacturing.,hours..
Our®bie~goods industries...0,0«,o.uc...o...oi. »»o....do..„*
Nondurable-goods ?ndustrIes.06c«t-c...0.coeooc>»»r..«.do,c..,
Average &©ekly gross earnings, ati manufacturiny 00 doiSars 00
Durab 1 ©-goods ?ndustr'i8s 0 ) c „ J „ 0 ( ) , O C o, S 4 cc» ( c..„ 0 do 0 & , : „
Nondurabie-goods !ndustr ies..••...••...••••.••.••• .do.« 0 .
Average hour 1y gross earnings, ait manufacturing
do..,,
Our ab I e-goods I ndustr ies„
•••..««
do,,,.
Ordnance and accessor ies.„. 0 . fi0 ««..«*- • o * * *. •.•«• do.. ..
Lumber and wood products (except furniture)„..,«.do,,,,
Furniture and fixtures
,»
...do,,,,.
Stone, eiay, and gsass products..„o..j,.0..„.. o ...do.a ae
Pr l mary meta! I ndustr:es.. a....*...........*..... .do.. „0
Fabr icated meta j products J,/.a s«.,..»..o.o«.•••«•• do,,,,,
Machinery (except 9l8ctricaiJ, 1 ) . e a , C B . e oo 0 .*.ce».ao*,„
E iectr icai machinery,......* .......o... e 68ii4 o»., S9 ,!So, )JM
Transportat ion equ Ip?«©ntc.«„..,. 0 •..».. • •»•«•«•. .do....
instruments and related products,»„ 0 .i. 6 .. 9 .....do, e . i )
NondurabIe™goods industries
D,.,a..l40.*. • • • •do., 00
Food and kIn$red products.•«....o.o.e.o....*•• •. •do,. •.
Tobacco nsanuf act ures.....CCa..e,.oo....oo«.o..."<>«.o.doc.,.
Text I ie-mi I i products,, ......,.. 3 ..« 0 o.. a .o.o..o* *do 0 .,.,
Apparel and other f i n i s h e d t e x t i l e p r o d u c t s , . 4 „ 0 5 d o 8 0 c o
Paper %na allied products.
,ee
»««***do,,.e
P r i n t i n g , p u b l i s h i n g , snr\6 a l l i e d i n d u s t r i e s . . . . . . d o . . . .
Chemicals and aiiied products.coo....o.oou»o.*...do,...4
Products of petro I euro and coa i cc... «•. e ««. •. <-. o •... a o«do.. t.
Rubber products,,ft.............co.....*•.• •«... •. •.do. u . e
Leather and 1 eat her products
do,,,,
Labor turnover in manufacturing establishments:
Access I on r&?$®.-, .... ,;.;, „;-,,.;; .;. rc ^ont h ? y r sts ps:" s 00 erap § oysa-i0
Separation rate,, tot?;ioaeocotoocooc.ooo:»<.o«,>o«*OPo«ooodo,..»
u s sc oar g@ © © j, s 0 o . 0 G 0 0 a a *, <j . a a 3 © 0 s . . . a ,
L a y - O f f .
OlS
i tG
„ s .
.
O
e
3
.
.
«
.
O
.
O
,
«
•
O
C C
C,
O
•
B
O O .
.
«
O
3
O O .
39,9
40.2
39,6
82899
89024
75!(24
3905
39e8
39.0
82056
88,75
74. SO
39.2
39.4
39„0
83,50
2,08
2.22
2,37
1.84
1.77
2.08
2857
2.22
2*32
2o07
2e45
2.13
2.09
2.23
2.38
1.84
1.77
2.09
2.55
2022
2,33
2.08
2.47
2,13
2.13
2.28
2.48
] 0 89
1.77
i.90
1.91
!«,45
5»5i
i.5l
2.08
2.53
2/25
2.73
2e29
1.55
1.90
?*94
i.94
S
„
*
o
•
O O o
3
•
•
o o *
.
-J
0
•
O o d C o
.
2o9
4,0
P84.35
p90.9i
p76e83
r2„38
r2„!4
r2.55
2.21
p2ei3
p2.29
p2.48
pl.9l
pi .79
p2. I \
p2.72
p2.29
p2.40
p2.l6
P2.53
p2.2l
r|.93
rl.97
S.59
1.51
1.52
2.13
2.60
•2.34
r2 e 73
2.39
1.56
i*95
r!.99
ri.50
1.51
r!.53
2.14
r2.62
r2.34
r2o76
2.38
1.57
pi .95
02.00
v3!„53
pi.52
pi.52
p 2 . 14
p2.63
p2.33
p2.73
p2.39
pi,57
2.29
?)38S
o3.3
P.2
pi.4
2,716
2,236
2,825
2,381
9,098
5399
2,999
2,477
3,058
2,559
9,038
5„5?6
3,084
2,54!
3,150
2,647
8,97!
5,409
IO,^/0
12,445
6,624
53,725
4,869
J 1,769
7,419
58.075
5,399
12,150
7,900
a
p39.6
p39,7
p39,4
2.14
2.30
r2.50
r!.92
rl.79
r2.l6
r2.72
r2 0 29
2,39
r2.l6
r2.55
r2 e 25
2.48
i.9!
1.78
r2,!3
2.70
2,996
2,490
3,067
2,531
9,530
5,776
2,86!
2,344
2,845
2,332
9,600
5,816
M i ! : t a r y and n , .lsoe!lan8ous,,o.» f l .»o».o f l «o. e ,*«..' 9 »odo t «,,
l»99
!,66
!,50
! o 50
2. 12
2.59
2.33
2.76
2 e 35
L53
2.13
r2.29
s-3.5
«2
r!.9
i.2
2C3
1.3
o » e
n
68
28
38
15
53
2.20
r39.4
84,35
r9l.i4
r76.04
r39.9
r40.2
r39.4
r85.39
r92.46
r76.83
3.2
,1
2.0
.9
.2
4.4
.2
i.8
2,2
.2
C:-,
. * c o <. d O .
1.51
i.49
2e08
2e53
2.24
2«7!
2.32
lo55
-•
. e . c. ^ ^ 0 0 0 a © a ^ « ^ Q O a « « o
o * e o o .i c o o » o « o o « o e o •> •: o o o « . c o o » o o
IA&
89.33
75.66
39e6
39.8
P.2
LUMBER AND MANUFACTURES
Lumber (National Lumber Manufacturers Association):
Production, total......„,,...,. .,•.••••.•«,mi ie of bd. ft..
j O T
V w O O O ^ & © * o » ^ e ?> o o o» o o o « o c ^ ^ <a o o « ^> o 3 a ^ o «; o 2 o o s o cs s fj w s s ^ 0
:
e o a e
Sh! p r i n t s , t o t a l . e 6 . . , , . . . . . o . . . o . 0 . . . . o . . o o . . . » . . o . 3 .do,..«,
i " '
•
«OOOSj
) 0 e s o a !
j,
c 0 ( 9
,j3o
3 0 0 w l
s.3a«a«ia8esaia»eoo«!aoi»oojifflo'»«v^
<
j9oc
Stocks (gross), miIS, end of month, tota i„..••••••••• do....
SoftWOOdS
a<i.e,o«e<!>««eoaoeo«,uo<»«>«a«>«oe9eo9o3»»a»o«>«,»cdO,!,cscl
METALS AND MANUFACTURES,
\ron ore (incI•foreign ore},operat5ons in aiI U,S•districtsi
Receipts at Iron and steel piants.c.thous. of song tons..
Consumption at Iron md steel piants.....,e,.oe..4...do..,.
Stocks.. @nd of month, at furnace yards....«0sw..o....do....
Stocks,, end of month, at U, $* docks.................do....
r / Revised^
D/
USCOMM-OC—9163
Preliminary.
J./
Except ordnance,
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
W A S H I N G T O N 25, D. C.
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machinery,
HO,
\\Jl
10,48!
57,486
4,358
10,272
63,557
4,888
and t r a n s p o r t a t s o n
62,325
5,687
equspment c
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