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November 21, 195? BUSINESS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINES! Available only with subscription to t h e 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, 1941 ~ 4 3 = SO 70 Index, 1941-43 = 10 TO M °"tMy PRICES OF 425 INDUSTRIAL STOCKS \ Weekly (Wednesday close) 60 60 1957 \ ^ ^ \ ^ 50 50 ^^^ 40 - 30 - 20 . l' I i i I 1 i i i i i i i 1955 i i i t i i 1 i i _JLJLJLJL-1 1 S 8 I —L-J \ \ Billion Dollars 400 PERSONAL INCOME I I 1 1 1 1 1 H 40 30 I i i i • l ' ' \ ' iJ 20 J F M A M J J A S O N D Index, 1 9 4 7 - 4 9 = 100 S80 TOTAL INDUSTRIAL PRODUCTION (F. R. B. seas. adj. index) 350 160 / Total 140 A Wage and Salary Disbursements 120 A 300 2 5 0 \— I i» i i i Iii ii i i i ii ii Iiii i i Ii ii i i Ii ii ii Ii i i i i 200 1955 1 9 5 6 July data exclude $4.6 billion (annual-rate basis) lump-sum retroactive Federal salary payments. 1 9 5 7 1955 120 FREIGHT CARLOADINGS* -j _ (seasonally adjusted) " l SOO J - J J L L j J j J J . L I LI. J 1 1.1 \ 11 1 -JLLLLjJLl LU L M M l l M i l l . 1 9 5 8 Index, 1 9 4 7 - 4 9 = 100 soo \ 1958 (Seasonally adjusted, at annual rates) no \ S957 S956 1958 y 1956 1957 1958 Millions 2.0 NEW PERMANENT NONFARM DWELLING UNITS STARTED (privately owned) * 1.5 -J 1.0 h J 90 \ >J 80 3£Average per working day .5 h ^Seasonally adjusted, at annual rates J 1 1i i 1i N111 \\ 7 0 •—1 l l l l l l l l l l i l l l LI I L I I ! 1 1 1 1 1 1 1 1 111 1955 1956 S957 S958 J 1 M ll I I M 1955 mnhnii 1956 t ' I M I ' M I I 1 I M I I ' • [ 'l ' 3957 1958 WEEKLY BUSINESS STATISTICS1 2 S957 1 1958 ITEM Nov. 9 Nov. 16 Oct. 25 Nov. 1 Nov. 8 Nov. 15 Commodity prices, wholesale: ••••• ••84.4 145 1,455 1,330 266 •117.8 •91.5 •105.5 •125.8 ! 84.1 152 1,595 | 1,463 306 118.6 91.3 109.9 126.1 87.0 140 #1,854 1,684 275 118.6 90.9 109.6 126.1 86.8 136 #1,838 1,670 299 118.7 91.4 109,8 126.2 ••87.6 148 118.8 91.9 109.9 126.3 ••88.3 331 274 31,115 25,225 18,963 454 31,287 25,424 18,911 557 | 31,435 27,046 18,652 614 31,299 26,767 18,515 554 31,419 26,694 18,416 449 31,660 27,100 18,510 662 54,800 23,943 86,277 24,959 31,751 8,751 55,025 23,795 86,103 24,785 31,836 8,776 56,703 28,230 94,062 31,854 30,315 9,321 57,283 28,233 93,906 31,632 30,337 9,350 56,412 28,150 93,924 31,520 30,441 9,381 4.51 40.43 43.56 4.50 39.55 42.51 4.41 51.07 54.70 4.42 51.19 54.73 4.42 52.03 55.65 1,587 11,914 159,385 6,796 1,605 11,953 164,570 6,831 1,410 12,174 87,228 6,919 1,423 12,330 116,982 6,911 r2,3rr 1,996 ##78.0 676 338 1,990 ##77.7 647 328 2,026 75.1 674 336 2,024 75.0 674 336 F i nance: Federal Reserve bank credit outstanding, total j5/....do.... Reporting member banks (of F.R.System) In leading cities:4/ Commercial, industrial, and agr. loans (gross)...do.... Real-estate loans (gross)....* do.... Bond yields, domestic corporate (Moody's) 3/ percent.. Stock prices, 500 stocks (Stand. & Poor's) £ / . . S94H43-I0.. 1 4.41 53.05 56.74 Production: 1,422 150,117 7,003 2,011 74.5 658 328 142,165 2,011 74.5 ±/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Oaily average. 4/ Wednesday data. \\f Week beginning November 17, 1958: Production, 2,005 thous. short tons; operating rate, 74.3 percent. • Monthly index for October 1957. * * Wednesday price. # Excludes 466,000 and 429,000 insured unemployed reported under temporary programs (TUC) for October 25 and November I, respectively. ## Based on January I, 1957, annual capacity (133,459,150 tons); not comparable with 1958 rates which are based on JanuaryI, 1958, annual capacity (140,742,570 tons). MONTHLY BUSINESS STATISTICS 1957 1 1958 ITEM September October July September August GENERAL BUSINESS INDICATORS National income and product: Seasonally adjusted quarterly totals at annual rates: Nationa1 income, totaI.......••••.•••••.••••bil. of do1., Pr1vate,••••••••••••••••••••••••••••••••••••.do.... Government civi1ian•••••••••••.••••••••••••..do,... Farm.•••••••••••««••••••••••••••••••••••••••••ido..,, Corp,prof its and inventory valuation adj.,total..do.... Personal consumption expenditures, total.........do.... Gross private domestic investment, total do.... Gov't purchases of goods and services, total.....do.,,. • Data are for the 9169 2d quarter 1958. 368.7 257.3 240.5 199.9 9.8 30.8 •352.4 •250.7 •234.2 •191.8 •9.6 •32.8 16.8 55.5 31.7 11.8 12.0 •16.4 •56.2 •30.7 •13.4 •12.1 16.9 56.6 31.1 13.3 ! 12.2 43.1 44.2 22.0 22.1 -I.I 12.8 •32.5 •32.0 •16.3 •15.7 •.5 •13.1 .2 13.2 445.6 288.3 40.4 140.5 107.4 •429.0 •288.3 ^35.6 •141.4 •111.3 439.0 291.5 36.1 f42.9 .112.5 1 ^49.2 53.7 36.3 22.3 -5.0 .5 93.3 53,4 46.6 39.9 66.7 36.6 28.0 2.2 3.6 87.0 50.9 46.9 36.1 j •34.9 •22.3 •-8.0 •.5 •90.9 •51.9 •46.0 •39.1 255.3 238.4 195.0 10.0 33.4 i October MONTHLY BUSINESS STATISTICS — Continued 3 1957 1958 ITEM September October August July September GENERAL BUSINESS INDICATORS - Continued National income and product - Continued Seasonally adjusted quarterly totals at annual rate - Con. Personal income, total..........#,..........bi I. of dol. Less: Personal tax and nontax payments. ......do... Equals: Disposable personal income.............,..do... Personal saving...... do... Personal income, by source, seasonally adj. at annual rates: Total personal income ....bi i. of dol. Wage and salary disbursements, total do... Commodity-producing industries ••••••.do... Distributive industries do... Service industries,,,,,,,, .,„ ,,,.do,,. Government. .•••......••••.•.••••• dp... 357.5 43.5 314.0 22.5 351.4 240.2 102.4 64.2 32.9 40.7 350.6 238.6 101.5 63.5 32.9 40.7 •349.8 •42.3 •307.5 •19.2 ••(354.2) ••358.8 ••242.2 97.1 63.5 33.7 ••48.0 9.1 55.4 31.8 21.5 6.6 336.1 9.2 55.1 31.8 22.6 6.6 335.7 9.0 56.3 31.8 26.5 7.0 ••342.0 9.1 56.6 31.9 26.8 6.8 339.2 9.2 r57.0 31.9 r27.0 6.8 r340.9 3,041 2,934 1,398 1,536 368 881 270 3,447 3,347 1,630 1,717 378 1,014 308 2,920 2,743 1,212 1,531 383 870 258 3,025 2,862 1,356 1,506 371 848 272 3,553 3,286 1,583 1,703 354 1,052 282 120 130 113 137 152 126 113 113 112 118 126 III 135 148 125 133 137 130 158 169 150 125 131 121 131 144 121 145 161 133 146 148 160 128 174 145 173 194 174 146 148 159 129 173 142 170 198 172 126 127 132 90 144 123 133 175 157 136 rl38 140 rl02 r!50 133 142 rl73 160 rl39 141 rl46 rllO r»56 rl4l r 151 rl70 r!69 Furniture and fixtures. .»do. Lumber and products... do. Stone, clay, and glass products................do. Miscellaneous manufactures.....................do. Nondurable manufactures.. do. Printing and publishing....... .... ..do. Petroleum and coal products.* ••••••••••••do. Minerals...........................................do. Coal............... ••••do. Crude oil and natural gas........................do. 126 121 162 150 135 144 144 130 86 147 125 119 161 148 137 146 139 129 87 146 113 109 148 126 123 132 133 110 46 137 124 129 r!55 r!35 rl35 136 r!40 120 r70 rl42 130 127 rl6a 144 rl37 r!42 pr!4l 123 73 r!44 Adjusted, combined index.............................do.. Manufactures. ••».,•••••«••••••••••••• do.. Durable manufactures. .do.. Primary metaIs...................••.........•..do.. Metal fabricating (including ordnance) do.. Fabricated metal products...... *••••• do.. Mac hi nery.............••..•.......•..••.•....do.. Transportation equipment ••••do.. Instruments and related products... ••••do.. Furniture and fixtures... ..do.. Lumber and products. .do.. Stone, clay, and glass products................do.. M i see 11 aneous manufactures ••••• do.. Nondurab le manufactures. •••••• .do.. Printing and publishing do.. Petroleum and coal products.... •••••••••••do.. M i nera Is.. .do.. 144 146 160 131 176 139 170 212 173 142 143 156 128 172 137 164 208 170 136 138 144 r!09 156 132 147 187 162 122 112 159 143 131 142 141 129 82 151 120 109 155 140 130 142 139 127 80 150 134 136 141 102 154 129 144 185 162 119 118 152 135 132 138 136 116 65 141 123 119 rl50 134 133 140 rl39 120 r68 rl46 137 139 rl45 rl 13 rl56 r!35 148 rl78 rl67 126 118 rl57 137 rl33 r!40 prl39 r!22 70 rl48 119 118 84 150 121 119 119 88 148 120 100 97 87 108 107 100 94 53 rl30 r| 15 104 96 37 150 r!20 Other labor income. *•«.«« »•«»«« do... Proprietors' and rental Income...... •••••••••do... Personal interest income and dividends .....do... Transfer payments. do... Less personal contributions for social insurance...do... Total nonagricultural income. do... Farm income and marketings: Cash receipts from farming, including Government payments, total •••••mil. of dol. Farm marketings and CCC loans, total...............do... Crops • •••••• do... Livestock and products, total . do... Dairy products. •••••••••••••••••••••••.do... Meat an ima Is do... Poultry and eggs........... ..do... Indexes of cash receipts from marketings and CCC loans, unadjusted: All commodities . 1947-49*100. Crops. •• ••• do... Livestock and products............ ....do... Indexes of volume of farm marketings, unadjusted: A11 commodities •••••••••••• •• do... Crops • do... Livestock and products................... do... Industrial production (FRB): Unadjusted, combined index............. do... Manufactures*•••••••••••••••••••••••••••«••• do... Durable manufactures.............................do... Primary metals............ do... Metal fabricating (including ordnance).*. do... Fabricated metal products do... Machinery.. do... Transportation equfpment •••••do... Instruments and related products ...do... v/OO I . . . . . . e . e e e • e « e e e a e a a a a a a a a a a a a a a a a a a a e a a a a a a Q O a & Crude oil and natural gas •••••••••••do.. Consumer durables output (FRB): Unadjusted index, total do.. Major consumer durables •••...•••••••••••••••••do.. Autos. ••••••• -do.. Major household goods.••••••••••••••.••••••••••..do.. Other consumer durables • do.. 351.8 43.1 308.7 20.4 356.1 238.5 97.7 63.6 33.8 43.4 r357.8 r239.4 r98.4 r63.6 33.9 43.5 rj Revised. £/ Preliminary. • Data are for 2d quarter 1958. •* Total in parenthesis excludes and other footnoted figures include lumpsum retroactive salary payments to Federal employees; disbursements of $380 million multiplied by 12 (to put on annual-rate basis) amounted Digitized for to FRASER $4.6 billion. http://fraser.stlouisfed.org/ 9169 Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — Continued 4 1957 •1958 STEW September GENERAL BUSINESS INDICATORS - Continued Consumer durables output CFRB) - Continued Adjusted index* t o l a L e » 8 9 , « , s < ) 8 o e 6 e 9 e s e e 8 1 S947-49=100 ea Major consumer d u r a b l e s e 0 9 o e 9 ( S 9 8 0 ! ! 0 „ 9 1 6 6 9 9 « 9 8 d o „ 9e ir% U T 0 5 © © o ® &*&•*$• .© © ©..© © © © © © @ ® © @ © @ © @ @ © e @ © 0 < 0 © < Major household goods.......••••....., Other consumer durab l e s 9 S @ o e s o e e @ 0 8 0 8 e e < e o © s s a ,©do« e e s s © a o « s o d O e © »« a® •© © © o O O e t » < October July September August 'October pS05 p!02 p67 137 SI2 104 99 r56 138 114 °pll! 2,482 1,622 1,348 1,621 rll2a8 r108.6 r78.l r4*2 119.0 108.8 75s8 I062 118*0 S08.Q 75.3 10.0 I I 1.0 109.0 77s0 2.0 134 142 S50 137 114 S29 137 143 S34 112 114 IS6 99 133 §11 115 -116 1,247 1,700 91.9 90*2 60.9 97, CONSTRUCTION AMD REAL ESTATE Engineering constructIon? Contract awards CENR) .{./••••••••••••••••••••.•mil.of dot. New permanent nonfarm dwelling units started: Unadjusted? Total, privately and publicly owned* «,< a thous e o Privately owned, total ....••••• ••••.,..do.,.. in metropolitan areas.••..•••••••, e s d 0 0 S S S " « " I IC Iy OWneCS @ e © ® © < 6 © » ® e e © © < » © a ® © ® o © < « s d o e s .. Seasonally adjusted at annual rate? Privately owned, total• •••••••••••••'••••••••••••, «®do»ei8@ Construction cost Indexes: Department of Commerce, composite.,•••••••..•• 1947-49=IOO ea Engineering News-Records Bus Iding 2/9&<l09e&*@o@»&< ..do.... Construction 2/.•'.,....., ••do.... 1.7 58, 8, 1,012.0 ,020e0 rI,174.0 1,170.0 1,220.0 1,260,0 138 138 152.8 162,8 139 155.5 168.7 r!39 158.2 170.7 139 I58s7 171.1 158.2 !70 9 9 r1,678.6 105.0 1,126.8 134.6 r758. 1 I388 8 263, 5 r779e9 149e4 264*1 7.5 302.2 68*7 115.4 2e3 rS 648,0 r48.0 134.5 61.5 42 e 5 rl6l. 0 r173.2 95.6 I897 64e0 1.4 85e6 5*8 14.4 r53 9 7 144,2 56e0 4le4 6,140 3,576 2,564 5,638 8,895 6,190 3,792 2,398 5,974 9,112 4,230 2,464 1,766 4,163 8,876 r4,73l r2,699 r2,032 r4,707 r8,903 p5,115 p2,944 p2,S7l p5,008 p9,0 85 381,653 243 187 318,279 315,008 63,131 51,016 4,871 4,372 2,554 380,176 233 232 291,064 282,510 88,879 73,707 4,818 4,582 2,556 381,814 358 290 316,408 310,001 65,048 50,454 3,976 3,742 1,785 250,466 265 259 194,974 192,770 55,227 47,030 r4,113 r3,8l4 2,031 149,261 216 212 102,687 98,009 46,358 34,232 4,728 4,386 2,384 152.8 162.7 FINANCE Stocks, cash dividend payments publicly reported? Total dividend payments. ® e mi K of doSs* Finance*,....•••••• .,do„, ., ©e d o e s e e ManufacturIng ffl ..... Mdo,M, Mining.,.... e e e e 0 o a Pub!Ic utl11ties? CommunIcatIons... .©do.©.. ..do.®@@ Electric and gas* Ral l r o a d , e ( , 9 a o 6 9 „ o eedOe a « « Trade© ©©a®©©©®®©©^© ,.do.,«. 8S 0 92, 9 22£ 1 64, s I I 1.7 ,S04.7 109.8 771, 5 142, 1 260, 4 8,5 174, PETALS AND MANUFACTURES Iron and steel scrap? Production and receipts, t o t a l e e e Home scrap p r o d u c e d , 9 8 9 4 # a 8 1 s e i ) e Purchased scrap received (net)* ConsumptIon, totaI............... Stocks, consumers 9 , end of month* Q thous e of short tons* >©s©@®©®«©"Osee >e o e o . a o . s d O . . , >e ® , @ e e 9 o . d © © . , ....••••••do... TRANSPORTATION EQUIPMENT Motor vehicles? Factory sales, t o t a l o s e e s o o s > a e c 0 9 c o e o o o o o s 8 9 0 o c e e e c n u m b e r 8 Coaches, totaI.*..,„.......... » do... Domest lc................................... do.,* Passenger cars, total••••..••••••••••••••••••• do.., UOmeST 8 C w © © e I TUCKS, e « o o o © ® o © s> © © a o s ® ® a ® a o o © o o o o s o o o © o 9 c © e Q O e a » I OT a l«©e>oese.a<5o0©e<3©o®<i5Q©©«»oo©.t>ee<aaQ<53®©oo * 0 O . e e Domest ic,.,,..«.,.....,...,,*.«, ••••••• do.. . Truck trallers, production, total..... ••••••••••••do... CompIete traI l-ers.••••••••••••••••••••••••••••••••••.do.., Vans............,..,.,,.«, «,*<,.».«,. «»»»..do..« rj Revised. £ / Preliminary. \J Data for October 1957 and July and October 1958 are for 5 weeks? other months, 4 weeks. ported at the beginning of each month are shown here for the previous month, USCOMM-DC—9169 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 2 / Data r e ~ PENALTY FOR PRIVATE USE TO A V O I D PAYMENT OF POSTAGE, $300 s 95, 7 19, 5 65. 0