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October 16, 1959 STATISTICS BUSINESS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS A v a i l a b l e only w i t h s u b s c r i p t i o n t o t h e S U R V E Y O F C U R R E N T B U S I N E S S , a t $ 4 . 0 0 a n n u a l l y , t h i s S u p p l e m e n t p r o v i d e s s e l e c t e d w e e k l y a n d m o n t h l y d a t a s u b s e q u e n t t o t h o s e p u b l i s h e d in t h e l a t e s t m o n t h l y S U R V E Y SELECTED BUSINESS INDICATORS Index,l941-43 = I0 80 Index, I 9 4 l - 4 3 « I 0 [80 PRICES OF 425 INDUSTRIAL STOCKS Monthly (Wednesday close) 70 6 0 h 50 40 30 InJ | f 1 I | I » » » » .- I » I I » 1 1 I 1 I » 1 » t I I 1 I » 1 -1 t I t S956 1957 1 » I I 1 I !958 Billion Dollars Index, 1 9 4 7 - 4 9 20 180 SALES OF RETAIL STORES I I 1 » 1 1959 = 100 DEPARTMENT STORE SALES & STOCKS (seasonally adjusted) (seasonally adjusted) T Stocks 160 Tofal 140 Nondurable Goods l 120 Sales Durable Goods I I I II 1 I I I I I I II I II I I I II I 1956 1957 I I II I 1 I II I I II I I II I M I I 1959 1958 I O O l i i i M I i i i i i l i i M » I i n i »1 i i i i i I i m i I i i i i i I i i H I 1956 Index, 1947-49= 100 Dollars 200 2.40 MANUFAC TURING EMPLOYMENT & PAYROLLS (production workers) 175 150 °°<*v^r Payrolls 125 _ *^ KX 1957 1958 1959 Hours 56 MANUFACTURING HOURS & EARNINGS /V 1 2.20 2.00 Employment J 1.80 | 1.60 H 52 Average Hourly Gross Earnings H48 (left scale) 44 \ 100 T * * * ^ * * * * 40 Average Hours Per Week (right scale) 75 -LLJLLLLUJLJLL .JJ-LLLLLLLLL, JJJLJJ-LL.LLLL, j j j j j J j J U L i i l 1956 1957 1958 1959 1.40 U l 1 I 1 I 1 i I I I 1 I I I I I I M I II II I N I I I I I I I I I I I 1 I I I I J36 1956 1957 1958 1959 WEEKLY BUSINESS STATISTICS1 2 1 1958 1959 ITEM 19 S e p t . 26 85.6 145 1,915 1,740 301 •II9.I *93.l •lll.l * 126.2 85.9 147 1,870 1,700 271 119.6 88.9 107.8 128.3 86.5 158 1,347 1,181 264 119.6 88.9 107.4 128.3 85.7 145 1,322 1,158 282 31,217 26,275 18,234 460 31,352 26,519 18,318 565 32,197 28,834 18,653 496 31,984 29,016 18,819 566 31,809 28,403 18,394 254 60,118 30,164 101,338 34,103 30,531 10,982 59,773 30,191 101,97.7 34,695 30,473 11,047 61,133 30,678 104,137 28,891 29,346 12,435 60,23? 30,723 103,387 28,358 29,374 12,462 60,157 30,741 103,540 28,118 7.9,478 12,451 4.43 49.98 53.51 4.44 51.06 54.71 4.81 56.72 60.87 4.85 55.82 59.91 4.87 56.88 60.99 1,444 12,111 50,157 7,014 1,495 12,067 46,722 6,874 1,297 12,779 82,587 6,823 1,299 12,878 114,101 6,858 1,274 13,234 127,752 6,825 1,901 #70.4 678 335 1,933 #71.6 686 335 356 12.6 578 311 362 12.8 587 317 362 12.8 573 311 Oct. 4 Commodity p r i c e s , Oct. Sept. II Oct. 3 Oct. 10 wholesale: F i nance: Currency in c i r c u l a t i o n 4 / m i l . of d o l . . F e d e r a l Reserve bank c r e d i t o u t s t a n d i n g , t o t a l 4 / do.... R e p o r t i n g member banks ( o f r . R . S y s t e m ) Commercial and i n d u s t r i a l 119 1 86.4 106.2 128.4 85.6 119.2 86.9 106.8 178.4 86.0 147 . 224 31 933 28,623 18,636 493 i n leading c i t i e s : 5 / loans ( g r o s s ) do.... Stock p r i c e s , 500 stocks ( S t a n d . A P o o r ' s ) _ 5 / . . . 1 9 4 1 - 4 3 = 1 0 . . 4.88 56.94 60.96 Production: E l e c t r i c power, by u t i l i t i e s Motor v e h i c l e s ( c a r s , t r u c k s , coachos) J./ Data do State; R.R.; duction, 365 (140,742,570 m i l . of kw.-hr.. number.. j 141,260 not always cover calendar weeks. 2/ Tuesday prices. .3/ Includes data for Alaska and Hawaii, and for the following programs: Federal employees; veterans; and ex-sorvicomon. 4/ Daily average. 5/ Wednesday data. 6/ Weok baninning October 5, 1959: Prothous. short tons; operatinq rate, 17.9 percent. * Monthly index for September 1958. # Rased on January I, 1958, annual capacity tons); not comparable with 1959 rates Which are based on January I, 1959, annual capacity (147,633,670 tons). MONTHLY BUSINESS STATISTICS 1958 1959 ITEM August September June August July September GENERAL BUSINESS INDICATORS Farm income and m a r k e t i n g s : Cash r e c e i p t s from f a r m i n g , i n c l u d i n g Government payments, • ot d o 1 • . ....do.... ....do.... ....do.... ....do.... ....do.... Indexes of cash r e c e i p t s from m a r k e t i n g s and CCC loans, unadjusted: Al I commodities 19*1 7 - 4 9 = 1 0 0 . . ....do.... ....do.... Indexes of volume of farm m a r k e t i n g s , unadjusted ....do.... ....do.... ....do.... 2,952 2,789 1,257 1,532 369 P70 275 3,604 3,357 1 1,567 1,770 357 1,105 292 2,336 2,308 819 1,489 398 853 207 2,676 2,582 1,116 1,466 385 829 230 2,605 2,573 1,132 1,441 376 817 229 115 117 112 137 146 130 95 76 109 106 104 108 106 106 106 127 132 123 147 160 138 108 80 129 121 114 128 118 NO 124 dol.. do.... do.... do.... 17,000 5,361 2,789 872 1,005 16,376 5,08C 2,447 850 1,038 18,708 6/J26 3,880 978 ! IJ38 18,332 6,419 3,';/9 9!6 1, 135 r18,054 r6,240 r3,4l0 r942 1,092 17,541 5,748 2,950 919 do.... do.... do.... 11,639 <?54 559 1,406 4,360 1,448 1,768 11,882 1,077 58? ! , 372 4,771 1,450 1,879 11,913 <?'. •:;79 1 ,458 4,48i r11,014 r<:58 r587 .-ip458 r4,?95 r1,504 rl,P.43 11,793 !,I02 578 1,395 4,197 ! , 396 1,916 DOMESTIC TRADE All retai 1 stores: -!•' 1. of do.... do.... r Revised. J/ Data for September 1959 are advance estimates. 1 11,746 1,047 538 1,776 4,068 1,346 1,781 1 1,'•>••'•' ! | MONTHLY BUSINESS STATISTICS —Continued 3 1958 ITEM August 1959 September June July r18,296 r6,160 3,454 929 rl2f136 rl,l33 August DOMESTIC TRADE - Continued All retail stores J./- Continued Estimated sales Tseasonally adjusted),total...mi I. of dol Durable goods stores do.. Automot i ve group do.. Furniture and appliance group do.. Lumber, building, hardware group do.. Nondurab le goods stores Appare I group Drug and proprietary stores Eating and drinking places Food group Gasoline service stations Genera I merchand ise group Estimated inventories: Unadjusted, totaI Durab le goods stores Nondurab le goods stores Adjusted, tota I Durab le goods stores Nondurab le goods stores Retail firms with 4 or more stores: Fs+imated sales (unadjusted), total Retail firm*; with II or more stores: Estimates sales (unadjusted), total Appare I qroun Drug and proprietary s+oros Fatinq and drinking Blaces Furniture, homefurnishinqs stores General merchandise group Grocery stores Lumber, bui Idinq-mater ials dealers Tire, battery, accessory stores , „ 16,060 5,215 2,703 891 919 16,563 5,095 2,600 858 926 18,189 6,162 3,476 936 991 do.. do.. do.. do.. do.. do.. do.. 11,645 1,094 551 1,755 4,152 1,340 1,916 11,468 1,042 563 1,221 4,169 1,338 1,817 12,027 1,100 596 1,312 4,300 1,388 1,961 do.. do.. do.. do.. do.. do.. 23,510 10,430 13,080 73,860 10,660 13,200 23,680 10,110 13,570 23,680 10,480 13,200 do.., 4,778 do.., do.., do.., do.., do.., do.., do.., do... do.., 3,697 210 92 80 39 1,106 1,608 75 79 Estimated sales (seasonally adjusted), total do... Appare I group do... Drug and proprietary stores do... Eating and drinking places do... Turniture, homefurnishings stores do... General merchandise group do... Grocer y stores do... Lumber, building-materials dealers do... Tire, battery, accessory stores do... Wholesale trade: Sales, estimated (unadjusted), total bil. of dol. Durable goods establishments do... Nondurable goods establishments do... Inventories, estimated (unadjusted), total do... Durab le goods estab I i shments do... Nondurable goods establishments do... EMPLOYMENT AND WAGES Labor force (U. S. Department ot labor): Civilian labor force, total thousands. Emp loved do_ _ Agr icu Itura I emp Ioymerit do. Nonagr icu Itura I emp lovment do!!! Unemp loyed !...!!!!do!!! Employees in nonagricuIturaI establishments (unadjusted): To+a • thousands. Manu f actur i no do. Mining ! ! ! ! ! ! ! ! ! ! ! !do!!! Contract construction Transportation and public utilities Wholesale and retail trade Finance, insurance, and real estate Service and miscellaneous Government Production workers in manufacturing industries: do. do!!! do!!! do... do!!! ! !do!!! Total do# Durable goods i n d u s t r i e s 2 / do... Ordnance and a c c e s s o r i e s dc... Lumber and wood products ( e x c e p t f u r n i t u r e ) do!!! F u r n i t u r e and f i x t u r e s do... Stone, c l o y , and g l a s s products do.!! Primary metal i n d u s t r i e s do.!! f a b r i c a t e d metal products 3 / !do!!! Machinery ( e x c e p t e l e - t r i c a l ) !!!!!!!!!!!do!!! E l e c t r i c a l machinery do!!! T r a n s p o r t a t ion equ i pment !!!!!!!!!!do!!! Instruments and r e l a t e d products !!!!!!!!!!do!!! Nondurable goods i n d u s t r ieu £ / Food and k i ndred products Tobacco manufactures T e x t i l e m i l l products Apparrel and o t h e r f i n i s h e d t e x t i l e products Paper and a l l i e d p r o d u c t s £ / R e v i s e d . £ / P r e l i m i n a r v . J . / Data for Seoterber ordnance, n-nchinorv, and 1ranr,por"t»stion ocsuioi-ent. do..., do!! * do!!!! do!!!! do.!!! do..., 1959 1,009 16,110 r6,095 3,350 952 988 4,289 1,404 r2,030 rl2,OI5 1,096 600 1,296 4,305 1,392 1,989 r24,640 11,830 rl2,8IO r24,800 11,660 r13,140 r24,640 r11,870 r12,770 r25,070 r11,800 r13,190 24,530 11,360 13,160 24,880 11,690 13,200 4,128 4,398 4,316 4,298 3,566 239 90 74 41 1,112 1,461 75 69 3,832 256 99 83 39 1,174 1,572 82 89 3,778 207 100 88 36 1,063 1,679 82 3,777 215 98 87 39 1,164 1,580 81 86 3,771 250 97 75 39 1,201 1,557 66 75 3,685 237 94 71 43 1,134 1,555 64 73 3,897 253 101 80 40 1,233 1,610 72 77 r3,984 266 102 r83 39 r1,289 1,619 72 80 3,972 254 103 81 39 1,273 1,635 71 82 M.3 4.1 7.2 11.7 6.1 5.6 M.9 4.4 7.5 M.7 6.1 5.6 12.8 5.1 7.7 12.4 6.7 5.7 12.7 4.9 7.8 12.4 6.7 5.7 12.2 4.7 7.5 12.4 6.6 5.9 70,067 65,367 6,621 58,746 4,699 66,740 64,629 6,191 58,438 4,111 71,374 67,342 7,231 60,111 3,982 71,338 67,594 6,825 60,769 3,744 70,667 67,241 6,357 60,884 3,426 50,576 15,462 708 2,955 3,897 11,011 2,413 6,15? 7,678 51,237 15,755 711 2,927 3,886 11,151 2,392 6,472 7,943 57,580 16,455 713 2,986 3,944 6,623 8,065 r52,343 rl6,4IO r7IO r3,035 r3,949 r I 1,324 r2,475 r6,603 r7,837 r52,054 r16,172 r633 r3,101 r3,922 rI 1,353 r2,472 r6,589 r7,8l? 11,645 6,339 67 581 301 130 36/1 788 977 734 1,0*4 199 11,940 6,579 68 590 310 438 897 822 1,007 76? 1,100 705 17,574 7,248 73 624 321 466 1,067 866 1,167 833 1,724 274 r12,433 r7,l6l r72 r627 320 464 1,038 r847 r I,149 r836 r1,207 721 r12,181 r6,696 r72 r627 r323 r467 r625 r832 rI,141 r849 rI,137 r224 5,306 1,17? 86 055 l,!>44 4*2 5,361 1,178 96 860 1,055 447 5,776 1,030 70 883 1,068 453 r5,?72 r1,062 67 r872 1,048 r449 r5,485 rl,l69 r90 r887 r i, 101 r453 are ad-.anco e s t a t e s . 11,352 2,442 597 1,325 2/ Includes data for industries not shown. 3/ Fxcept 4 MONTHLY BUSINESS STATISTICS — Continued 1959 1958 ITEM j September August EMPLOYMENT AND WAGES - Average weekly gross e a r n i n g s , a l l manufacturing..do1lars.. Average h o u r l y gross e a r n i n g s , a l l m a n u f a c t u r i n g Lumber and wood p r o d u c t s ( e x c e p t Printing, do.... furniture) do.... f i n i s h e d t e x t i l e products publishing, August September 542 504 157 18! 323 548 511 158 188 321 555 527 160 196 334 r552 527 rl58 r203 335 r558 r534 r 151 r204 r339 p566 p537 DI50 p708 D337 94.1 93.2 150.0 96.5 94.8 155.7 101.3 101.9 I7/S.4 r100.5 r102.0 r170.2 r98.5 r97.5 r165.0 P99.6 p97.8 p167.9 39.6 39.8 39.4 84.35 91.14 76.04 2.13 2.29 1.91 2.16 2.70 2.29 2.38 2.14 2.55 39.9 40.2 39.5 85.39 92.46 77.03 2.14 2.30 1.94 2.16 2.73 2.29 2.39 2.16 2.55 40.7 41.4 39.8 91.17 99.36 79.60 7.74 7,40 1.99 2.71 2.84 7.58 7.50 2.22 2.66 r40.2 r40.5 39.8 r89.65 r96.80 80.00 2.23 2.39 1.98 7.22 2.81 2.37 2.50 2.22 2.66 40.5 40.9 40.0 88.. 70 96.12 80.00 2.19 2.35 2.00 2.22 2.64 2.38 r2.50 r2.22 r2.69 p40.4 P40.7 p39.9 P89.28 P96.05 D80.60 P2.2I P2.36 pl.99 P2.23 P2.65 P2.39 P2.50 P2.23 P2.7? 2.00 2.09 1.58 1.50 2.20 2.70 2.42 2.88 l.6i 2.01 r2.09 1.58 1.51 2.21 r2.7l 2.44 r?.89 L59 2.00 r?..06 rl.59 1.52 ?..??. 2.71 r2.44 r2.84 1.60 indexes: Hours and e a r n i n g s : Average weekly hours per w o r k e r , a l l m a n u f a c t u r i n g . . h o u r s . . Apparel and o t h e r 1 Continued P r o d u c t i o n workers i n m a n u f a c t u r i n g i n d u s t r i e s - Continued Nondurable qoods i n d u s t r i e s 1 / - Continued P r i n t i n g , p u b l i s h i n g , and a l l i e d i n d u s t r i e s . . . t h o u s a n d s . . Manufacturing production-worker July June do.... and a l l i e d products do.... Products o f p e t r o l e u m and c o a l do.... 1.93 1.97 1.51 1.52 2 . S3 2.60 2.34 2.73 1.56 1.95 1.99 1.51 1.53 2.14 2.62 7.34 7.76 1.58 I I 1 ' P2.02 07.06 pi.59 pl.53 P2.23 P2.73 p?..46 p?.90 nl.6! LUMBER AND MANUFACTURES Lumber ( N o t i o n a l Lumber M a n u f a c t u r e r s Association): Softwoods.••••.•.•.•••••.•.•....••.••..•••••••••••.do.... Softwoods.•••••••••••••.•.••••••.••.••.....••..•...do.... 3,056 2,*6I 3,103 2,533 9,070 5,568 3 , 143 7,524 3 , 195 7,621 9,018 5,471 3,216 7,617 3,217 2,659 8,788 5,181 3 , ! 36 2,513 3 , 146 2,608 8,782 5,100 3,171 2,528 3,137 2,530 8,816 5,099 250,460 765 759 194,974 192,770 55,271 47,030 149,756 716 71? 107,687 98,009 46,353 y.t 232 674,689 767 747 554,878 540,660 119,54/100,A62 663,444 315,983 TRANSPORTAT1 ON EQU1 PMCNT Motor vehicles, f a c t o r y seilcs, t o t a l Doinest i c . . . . . . . . . . . . . . . . . . . . . • . . . • • • • • • • • • • Trucks, t o t a I . . . . . ...•••• uomesT i C n a i n i t i i i i i i i i •••••••••••• r_/ Revised. j>/ P r e l i m i n a r y . \j •••do.... ••-• .do.... m i oo.... [ Includes data for i n d u s t r i e s not shown. 1 2/ I | 233 209 548,574 54 1,458 114,687 92,186 82 1 58 255,831 752,556 60,070 47,88? L ... .. .... except ordnance, •••achine'-y and t r a n s p o r t a t i o n equipment. PENALTY FOR PRIVATE USE T O AVOID PAYMENT OF POSTAGE. $300 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT OF CURRENT Digitized for SURVEY FRASER ...nu-ber.. BUSINESS