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November 23, 1956
^INCOME

IPAYMENTS

P

^

^

SURVEY O F
CURRENT
BUSINESS

BUSINESS

STATISTICS

^*8!!B5o*

A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS
Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected
weekly and monthly data subsequent to those published in the latest monthly SURVEY

SELECTED BUSINESS INDICATORS
BILLION DOLLARS
95

TOTAL LOANS A N D INVESTMENTS

A*erage

of Wednesday data

BILLION DOLLARS
95

jWednesday data

(Federal Reserve Weekly Reporting Member Banks)
90

A 90
X

85

1956
85

1 ^ *

\

1955

80

-\

75

70 A )

75

i ' » > 1 i » i » i
S953

8

1

8

8

8

I

8

1

8

6

S

1

1

1

l

1954

i

§

B

1

9 1

1

8

B I

§

1955

INDEX, 1947-49 = 100
S80

8 1

1

8 8

8

t 1

1956

i i i i i I i i i i gj
d F M A M J JAS'OND

INDEX, 1947-49 = 100
130

WHOLESALE PRICES

TOTAL INDUSTRIAL PRODUCTION
(F.R.B. seas. adj. index)

—

160

Commodities Other Than
Farm Products 3 Foods***.

120

110

IS%

140

^\/

H
100
H

120

90
111 1
9 0 0 J J .1.1.1.1 1.UJ.1 1 J 1 1 1 1 1 1I I 11 11 11 1 I I 1 i 11111111
1

INDEX,1947-49=100
160 f

h

Farm Products

80 ll I I I I I I I I I I
1953

i » ' ' i I i

1954

I 111 M l I 111 I I N I I I IJ
1955
1956

INDEX, 1947-49 = 100
120

DEPARTMENT STORE SALES & STOCKS

FREIGHT CARLOADINGS*

(seasonally adjusted)

(seasonally adjusted)
110

140

800
120

90
too
80

h* Average per working day

80 I

80

IiIIn 1 iii ii I

1953



1954

I1 Il i i Iii iI I 1 iIi I I Il III I

1955

1956

7 0 1 I I l I I I I I II I I M I I I I l l I I I 1 11 I I I I I I I I I 1 I I II I I I I I I
1953
1954
1955
1956

70

WEEKLY BUSINESS STATISTICS1

2

1956

1955
ITEM
Nov. 19

Nov. 12
Commodity prices, wholesale:
All commodities.....
1947-49*100..
Farm products.
do....
Foods, processed.
do....
A11 other
.
do....
22 commodities 2/,.
do....
Department store sales...
do....
Insured unemployment, total....
...thous..
State programs.
.do....
Finance:
Currency in circulation^/
mil. of do J..
Federal Reserve bank credit outstanding, total 3/,,,.<lo9..B
Member bank reserve balances 3/
do....
Excess reserves, estimated ,3/.....
do....
Federal Reserve reporting member banks in leading cities:4/
Demand deposits, adjusted
mil. of dot*.
Time deposits, except U. S. Government
do....
Loans and investments (adjusted), total
do....
U. S. Government obligations
.'
...do....
Commercial, industrial, and agr. loans (gross)...do....
Real-estate loans (gross)
..do....
Failures, industrial and commercial
number..
Bond yields, domestic corporate (Moody's) 5/
percent..
Stock prices, 480 stocks (Stand.& Poor's) £/..I935-39»I00..
Industrials, 420 stocks.
do....
Production:
Bituminous coal .3/..,..
thous. of short tons..
Electric power, by utilities...
mil. of kw.-hr..
Passenger cars and trucks (Ward's);.
number..
Petroleum (crude) and condensate 3/
thous. of bbl..
SteeI j>/.
Percent of capacity j>/
Freight car loadings, total 6/
_ Mi see I laneous

B

.thous. of short tons..
-....thous. of cars..
do....

Oct. 27

Nov. 10

Nov. 3

Nov. 17

115.4
87.9
102.6
123.6
**9I.2
137

115.6
87.6
102.8
123.9
92.0

30,793
25,466
18,810
390

30,963
25,762
19,004
575

31,141
25,954
18,996
643

56,206
22,023
85,584
26,057
29,692
8,849

56,069
22,053
85,660
25,961
29,931
8,857

55,588
21,983
85,602
25,752
30,121
8,857

214
3.28
327.4
376.8

267
3.83
336.0
392.4

271
3.83
333.1
388.9

219
3.87
343.9
402.3

1,674
10,878
209,141
6,808

1,748
11,149
206,536
6,851

1,740
11,393
125,967
6,998

1,765
11,487
136,420
6,981

1,694
11,522
153,277
7,050

2,404
#99.6
792
394

2,394
#99.2
772
379

2,491
101.2
817
394

2,493
101.3
800
388

2,463
100.1
773
377

**88.4
141
900
813

•III.2
•84.1
•98.8
•119.4
88.6
142
917
826

90.1
128
936
860

90.6
124
954
878

30,656
25,963
18,899
556

30,794
26,272
18,883
681

30,864
25,866
19,137
596

55,955
21,731
85,259
30,300
25,485
8,106

56,027
21,628
85,781
30,377
25,783
8,143

207
3.28
320.5
368.3

240
3.88
337.8
394.2

160,214
2,466
100.2

J/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. ±/ Wednesday data. £ / Week beginning November 19,
1956: Production, 2,458 thous. short tons; oper-ating rate, 99.8 percent. 6/ Data for 1956 adjusted to revised classification of class I
railroads. * Monthly index for November 1955. ** Wednesday price. # Not comparable with 1956 rates which are based on higher capacity.

MONTHLY BUSINESS STATISTICS
1955

1956

ITEM
September

October

July

August

September

October

GENERAL BUSINESS INDICATORS
Industrial production (FRB):
Unadjusted, combined index
,.. 1947-49*100
Manufactures
do. •
Durab le manufactures
do..
Primary metaIs
....do..
Metal fabricating (including ordnance)
do..
Fabricated metal products
do,.
Mach i nery
do..
Transportat i on equ i pment
do..
Instruments and related products
do..
Furniture and fixtures
Lumber and products.....
Stone, clay, and glass products
M i see 11aneous manufactures.

..

Nondurab le manufactures
Printing and publishing
Petroleum and coal products
Mi nera Is..
Coa I
Crude oi I and natural gas

•

Adjusted, combined index
Manufactures
Durab le manufactures
Pr i mary meta Is............
Metal fabricating (including ordnance)
Fabricated metal products
Mach i nery
.••••
Transportation equipment
Instruments and related products.
Furniture and fixtures
Lumber and products
•
Stone, clay, and glass products
Mi see I laneous manufactures
r./ Revised. j>/ Preliminary.



••••••

142
144
157
143
165
142
161
185
155

147
150
164
149
173
145
169
200
158

128
129
139
62
160
124
157
187
162

142
143
155
118
168
135
r!67
(88
rl68

rl46
rl47
rl62
r!45
rl72
rl43
r!75
rl82
rl73

p!50
pi 52
pl68
pl49
pi 80
pl47
pl8l
pl99
pl76

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

127
136
158
149

128
138
161
154

115
116
156
135

rl23
135
164
145

rl25
rl34
rl58
rl5l

pl26
p 131
pl63
pl55

do. •
do..
do..
do..
do..
do..

130
131
136
126
83
142

135
135
138
127
88
143

119
125
132
119
62
149

131
rl29
rl42
130
87
150

rl33

pl36

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

142
144
160
146
170
141
161
205
155

143
145
161
148
173
142
164
208
156

136
137
147
68
169
129
172
190
167

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

125
127
155
145

124
130
153
145

124
125
160
145

134
r!44
rl3l

pl40
p!32

91

P93

rl46

pl47

142
r!44
rl58
124
rl72
rl34
rl74
195
171

rl45
rl47
rl64
rl48
r!76
rl42

pl45
pl47
pl65
pl48
pl78
pl44
pl76
p202
p!75

124
r!29
rl60
148

rl24
ri26
r!54

176
r!98
rl73

146

p12l
p!24
pl55
pl46

MONTHLY BUSINESS STATISTICS—Continued

3
1956

1955
ITEM
September

October

August

July

September

October

GENERAL BUSINESS INDICATORS - Continued
I n d u s t r i a l p r o d u c t i o n (FRB) A d j u s t e d index - Continued
Manufactures - Continued

Continued

128
130
135
123
80
142

129
131
137
123
80
143

136
145
130
159
115

146
157
153
162
120

154
172
195
156
III

152
168
194
148
114

III.7

127
133
132
122

pl30

.r.129
134,
rl39
128
.87
150

129
133
M43
rl28
87
r|46

117
121
127
r l 17
106

•r 120
rl23
109
rl37
r i 15

r l 12
rllO !
59
156
rl!6

pl32
pl36
pl05

129
137
122
153
M0

r!27
rl34
125
rl44
113

127
133
119
149
rll3

p!28
pl34
p 118

ill.6

114.0

r114.7

94.9
118.6
III.5
89.3
102.1
81.4
75.5
101.5
114.4
104.3
106.8
87.5

93.2
1-19.1
III.3
86.8
92.9
82.4
71.8
100.2
114.8
105.0
107.4
81.6

95.0
121.3
114.0
90.0
lil.8
88.4
72.9
102.2
114.8
107,9
109.3
83.7

118.5
106.0
118.2
108.0
114.0
116.4
106.2
94.0
125.7
127.1

119.0
106.5
118.9
108.0
114.2
116.9
106.1
95.3
125.4
126.8

130.0
130.6
122.0
141.9
145.0
126.4
120.5
131.0
151.7
95.4
98.6
121.7

1

77
149

p!38
pl28
p85
p!47

Consumer d u r a b l e s o u t p u t ( F R B ) :

1

pIZI

p i 15

COMMODITY PRICES

Economic

rl15.5

115.5

96.4
122.6
114. 1
89.1
94.8
88.8
76.0
102.6
114.5
108.9
107.3
85.1

96.7
r123.0
rll5.3
r90.l
95.3
90.7 j
75.7
104.0
r114.9
r109.7
r 106.8 1
89.3

95.0
123.5
115.6
88.4
97.6
84,0
73.0
103.6
115.1
110.9
106.4
85.7

121.4
107.3
122.1
110.7
118.8
118.3
104.4
100.1
126.6
128.5

122.5
107.3
122.1
110.9
118.3
119.1
105.0
100.0
125.2
127.1

r 123.1
107.1
121.9
rlll.l
118.4
119.7
105.5
100.2
r 123.6
r125.2

123.6
107.7
122.6
111.6
118.3
120.6
106.3
99.6
122.0
123.6

131.4
130.7
124.7
142.4
145.7
126.8
122.8
131.2
147.8
95.4
98.7
121.7

136.9
137.4
129.1
144.9
149.9
130.6
127.7
138.2
143.3
94.9
99.8
121.7

137.7
138.0
129.1
150.2
159.4
130.8
127.9
138.2
146.9
94.8
99.7
122.5

M39.7
r142.0
129.4
M5I.9
M6I.5
131.1
r127.9
M38.9
r145.7
94.8
99.7
122.8

140.9
143.2
130.7
151.9
161.1
131.5
128.0
138.9
145.8
95.4
99.7
123.1

1,786

1,526

1,835

1,828

1,480

1,878

5,798
490
2,246
3,062

5,999
1,052
2,413
2,534

4,795
408
1,893
2,494

8,398
1,486
3,219
3,693

5,267
695
1,911
2,661

7,302
953
3,524
2,825

114.9
113.6
82.2
1.3

105.8 j
104.8
75.8
1.0

rlOI.I
r99.0
r68.1
r2.l

101.0
100.5
69.0
.5

93.0
89.9
60.8
3.1

93.0
90.8
62.5
2.2

1,070.0

1,110.0

1,000.0

1,050.0

sector:

I n t e r m e d i a t e m a t e r i a l s , s u p p l i e s , and c o m p o n e n t s . . . d o * . . .

F r u i t s and v e g e t a b l e s , canned and f r o z e n .

Commodities o t h e r t h a n farm products and foods

Tobacco manufactures and b o t t l e d beverages

do....

do....

do....

CONSTRUCTION AND REAL ESTATE
Engineering construction:
Highway c o n c r e t e pavement c o n t r a c t awards: 3 /

New permanent nonfarm d w e l l i n g u n i t s s t a r t e d :
Unadjusted:

S e a s o n a l l y a d j u s t e d a t annual

rate:
1,262.0

Construction cost

1,209.0

indexes:
441
142.0 |
148.8

444

467

141.8 1

145.3 1

148.6

153.7

467
147.9 |
155.6

470
147.7 1
155.4

470
148.0
155.4

jr/ Revised. £/ Preliminary. ±/ Goods to users, including raw foods and fuels. 2/ Data for September 1955 and August 1956 are for 5
weeks; other months, 4 weeks* 3/ Data for August and October 1956 are for 5 weeks: other months. 4 weeks. 4/ Data reported at the beginshown here for the previous month*


ning of each month are
3£,i3o


MONTHLY BUSINESS STATISTICS —Continued

4

1956

1955
ITEM
September

October

July

August

September

October

FINANCE
Stocks, cash dividend payments publicly reported;
Total dividend payments.................•..••.mi I. of dol.
Mansfactori ng.••••.•...•.•..............•.........,do.••
Pobt ic uti S ities:
Commonications,ea................................do...
Electric and gas.,
.•.......•..•••••••..•.•..•do.••
Ral Sroad • aa.eo.aoaaaoseaeeaaa.aoaffiaaaoaeaaaaoeaa.e .do.

s e

s raoe.aaaeasaa&a&eaaaeaa.eaaeaeaaa.saaa.ss........«QO..©
m I SCe 1 3aneOilS a ®eo©as9«©»®<i»s>9.©8a©»eaaaaa«9©\>®oea«»ae u O , . g

669.0
128.5
234.9
9.1

731.8
147.9
254,1
8.0

292.8
64.3
122.9
3.3

1,591.4
105.3
1,060.9
117.9

38.9
IS4.2
58.6
41.1
28.2

128,
87,
.17.
55.
7.

140.
94,
§6.
61.
8,

I,
76e
6.
.10,
8.0

40.9
120.3
59.9
42.3
23.9

6,786
3,921
2,865
6,788
7,355

7,248
4,002
3,245
7,217
7,385

2,304
989
1,315
2,225
7,013

r6,127
r3,270
r2,857
r6,108
r7,-027

p6,726
p3,754
p2,97l
p6,980
p6,785

12,757

12,244

2,666

8,045

12,745

12,628

9,882
96

10,501
98

1,622
15

8,123
75

r10,423
99

11,032
101

50,963
f13,185

54,995
110,795

38,353
§03,301

r46,700
r99,668

43,623
96,162

83,257
76,375
136,035

89,060
80,389
134,753

88,031
58,196
188,813

86,468
r72,537
r192,486

90,602
68,492
199,011

8,488.4
108.5
985
113

749.8
142.6

269.6
9.5
140,
96,
19,
61.

10,

METALS AND MANUFACTURES
Iron and steel scrap;
Production and receipts, total.••••••thons. of short tons.
Home scrap produced.................................
a a a a.dO.
Purchased scrap received Cn@t) S 8 9 e e e 8 e 9 a 9 a „. e i ,a9 a,asa9 !. d O «> a
Consssmp t i on, totaI...."................................
. . a a a-dO. .
Stocks, consumers®, end. of w f h , . 9 . o , . 9 9 9 » »
a aaaa «U«oa
Iron ore (Lake Superior., district)?
Shipments from apper lake ports. a9a0e.thoissa of long tons,
Steel ingots and steel for castFugs:
Production.•••'••••••••••••.•'•••••••• «tfo©us. ©f short tons«
Percent of capacity^.M......'...^^...,...
s 9

e

&

RUBBER AND RUBBER PRODUCTS
Natural rubbers
Consumption. a.Se*a,«»•*»»*,**
Stocks, end ©f nonth..•..•••
Synthetic rubber:
Product ion
..•••••••
COnSURipt 1O n . , ae a a. » a « « a

e

Jong tons,*
a a•a a a d O . a a «

a a a e a.QOa a a «

®»ae

Stocks, end of month.. oe<,ea„
Tires and tubes:
Pneumatic casingss
Production.
••*«•*••
Shipments, total
aoe9S
Original equipment......
Stocks, end of month.•••••
Inner tubes:
Production
...a
a
Shipments...... •
•»•»
Stocks, end of month.

>

do».><

a a a aa eOO.. .«

.thousands.
aaaaa adOa

a s

a a a .a a d © . . .

do,,,,
do...
a adO.
a. d O .

9,125
8,453
3,142
14,674

9,555
8,117
3,495
16, 163

6,741
9,298
2,833
17,394

8,050
8,644
2,302
16,794

7,800
6,952
1,553
17,648

3,169
3,26!
5,966

3,119
3,004
6,286

2,300
3,384
6,418

2,795
3,295
5,962

2,773
2,777
6,056

873,738

r736,860

549,520

686,275

822,180

732,319

r20,881
19,302
r10,295
r5!5
9,512

20,552
19,022
7,713
386
7,128

20,465
18,912
9,544
477
8,849

20,308
18,780
11,436
457
10,678

20,35S
18,839

TEXTILE PRODUCTS
Cotton: U
Consumption
bales.
Manufactures:
Spindle activity (cotton system spindles):
Active spindles, last working day, totaI..,,thousands.
Consuming 100 percent cotton...•••.••••••
.do...
Spindle hours operated, all fibers, totaI..mi I. of hr.
Average per working day
,
do.«.
Consuming 100 percent cotton.,,
,
do...
r/

Revised.

&/

Preliminary.

J / D a t a f o r September

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
W A S H I N G T O N 25, D. C.
OFFICIAL BUSINESS

FIRST CLASS

WEEKLY SUPPLEMENT

SURVEY OF CURRENT BUSINESS




20,804
19,243
12,295

492
11,363

1955 and September

9,847
492
9,162

1956 c o v e r 5 w e e k s ; o t h e r m o n t h s , 4 w e e k s .

PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $300