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.nTMENT O f c September 12, 1958 STATISTICS BUSINESS 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 Thousands 250 Thousands 1,200 Monthly PASSENGER CAR A N D TRUCK PRODUCTION !sOOO i (United States plants) £00 800 h 150 800 100 400 200 »J i \ L L - L L J J L - L - L 1955 I » ' I 1957 1956 Index, 1947-49 = 100 S80 j » I I 8 I i J F M A M J J A S O N D S958 Billion Dollars 60] DEPARTMENT STORE SALES & STOCKS CONSUMER CREDIT OUTSTANDING (seasonally adjusted) (short- and Intermediate-term) 160 50 Stocks Total (end of m o n t h ) (end of month) 140 Safes I 20 iOO 1 11 1 1 1 1 1 H 11 1 n i i i 1 1 1 1 1 i i 11 i 11 | i 111 i i i 1 1 1 1 1 i 1111 1955 1956 !957 1958 index, 1 9 4 7 - 4 9 = 100 200 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) 175 2.40 56 MANUFACTURING HOURS & EARNINGS 2.20 (left scale) 150 H 52 Average Hourly Gross Earnings \ 2.00 48 .80 44 Payrolls S25 h I Employment IOO 1.60 t Average _pv* Hours Per Week 40 ( r i g h t sea le) 7 5 L^J^LLjJ.JJJjaJ.iJ.J^l^ijLJJ-J-i-Ll 1 I 1 I I I JJU-i-JL I I I I 1 I I JL.L1 1955 1956 !957 1958 1.40 UJU-JJJLLLLI I I 1 I I i-Li.1 i i u !955 1956 i I i i i i i 1957 LLLLli-L-U^j 1958 36 WEEKLY BUSINESS STATISTICS1 2 1957 ITEM Aug. 31 1958 Sept, 7 Aug. 16 Aug. 23 Aug. 30 Sept. 6 Commodity prices, wholesale: _. 00 ,1947-49-100.. do.... do.... do.... do.... do.... 88.4 144 1,165 1,069 262 *H8.4 *93.0 * 106.8 *I26.0 88.3 121 1 1,204 1,106 208 119.0 93.2 II 1.2 126.0 87.1 118.7 92.5 110.2 125.9 86.2 149 **2,403 2, 199 262 118.8 93.0 M0.7 125.9 86.5 134 **2,348 2,146 272 246 191 31,379 26,638 18,446 124 1 18.7 92.6 1 10.1 125.9 86.2 F i nance: Federal Reserve bank credit outstanding, total V do.... „ do.... Reporting member banks (of F.R.System) in leading cities: £ / Time deposits, except U. S. Government., ^oans and investments (adjusted), total. do.... Commercial, industrial, and agr. loans (gross)....do.... do.... Bond yields, domestic corporate (Moody's) 3/ s e percent e s Stock prices, 500 stocks (Stand. & Poor's) 4/...1941-43=10.. do.... 30,998 25,133 18,831 434 31,149 25,228 18,760 414 31,291 26,685 18,760 691 31,295 26,665 18,648 619 31,249 26,417 18,526 591 54,973 23,633 86,470 24,914 32,012 8,696 4.41 44.64 48.20 54,413 23,665 86,281 j 24,787 1 32,046 ! 8,683 4.42 I 45.05 48.69 55,584 28,446 94,890 29,677 9,019 4.16 47.81 51.12 55.323 28,392 94,756 33,297 29,932 9,067 4,20 47.32 50.59 55.822 28,410 94,283 32,910 29,867 9,063 4.25 47.91 51.25 33,665 589 4.33 48.18 51.53 Production: s. of short tons.. •,mi1. of kw.-hr.. thou s. of short tons.. Stee 1 5/ ..thous. of cars.. do 1,672 12,147 139,468 6,766 1,715 11,678 108,120 6,807 1,346 12,851 72,653 6,839 1,380 12,486 34,813 6,875 1,390 12,272 25,581 6,863 2,103 #82.2 746 357 2,073 #81.0 646 308 l>632 60.5 626 299 1,690 62.6 634 308 1,715 63.5 645 317 18,134 1,666 61.7 ±/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data, j)/ Week beginning September 8, 1958: Production, 1,764 thous. short tons; operating rate, 65.4 percent. * Monthly index for August 1957. ** Excludes 650,000 and 654,000 insured unemployed reported under temporary programs (TUC) for August 16 and August 23, 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 CONSTRUCTION AND REAL ESTATE Construction cost index: Department of Commerce, composite 1947-49=100. American Appraisal Co., The, average, 30 cities...1913=100. At Ianta do... New York do... San Francisco. do.•, St. Louis do... DOMESTIC TRADE All retail stores, estimated inventories: Unadjusted, total .....mil. of dol. Durab Ie-goods stores* do. •, Nondur ab I e-goods stores ••••• do.,., Adjusted, total • do.., Durab I e-goods stores do. •, Nondurab I e-goods stores ,... do. •, Retail firms with 4 or more stores: Estimated sales (unadjusted), total do.., Retail firms with II or more stores: Estimated sales (unadjusted), total do... Appare I group. • • •. do.., Drug and proprietary stores • •••• do.., Eating and drinking places do.., Furniture, homefurnishings stores .do.., Genera I -merchand i se group do.., Grocery stores.••••• » •••••••• do.., Lumber, building-materials dealers do.., Tire, battery, accessory stores do.., Estimated sales (seasonally adjusted), total.... do.., Appare I group , do.., Drug and proprietary stores •••••do,., Eating and drinking places do.., Furniture, homefurnishings stores do.., Genera I -merchand i se group • do.., Grocery stores do. •< Lumber, building-materials dealers do.., Tire, battery, accessory stores do.., r/ Revised. http://fraser.stlouisfed.org/ 9088 Federal Reserve Bank of St. Louis 1958 ITEM August July May August July June 138 668 712 705 610 660 138 668 712 705 624 660 138 677 737 730 619 670 rl39 680 737 730 635 670 139 681 737 736 635 670 23,660 10,880 12,780 24,140 10,850 13,290 24,040 10,970 13,070 24,250 11,040 13,210 24,360 11,270 13,090 23,880 10,790 13,090 r23,820 r10,950 r12,870 r24,070 r10,800 r13,270 23,480 10,730 12,750 23,980 10,740 13,240 3,894 4,284 r4,4l7 4,073 4,045 3,276 !82 83 78 32 953 1,398 69 80 3,670 3,795 3,473 207 85 80 37 237 93 74 42 223 87 74 38 1,109 1,590 1,096 1,684 1,028 1,462 73 73 71 81 71 80 3,465 188 89 77 38 983 1,531 73 81 3,591 229 84 74 35 1,172 1,453 62 72 3,641 3,631 3,645 244 87 76 36 zzo 94 73 38 1,168 !,492 1,122 1,537 1,117 1,551 61 68 64 72 64 72 £.C'J 90 73 40 3,727 239 91 73 41 1,174 1,564 64 72 683 738 737 637 671 MONTHLY BUSINESS STATISTICS—Continued 3 1957 1958 ITEM July August May June July DOMESTIC TRADE - Continued Wholesale trade: Sales, estimated (unadjusted), total DurabIe-goods estab Iishments Nondurab Ie-goods estab I ishments bil. of do I.. do. •do.... 11.4 4.3 7.1 11.7 4.3 7.4 10.9 3.9 7.0 10.9 4.0 6.9 II.I 4.0 1 7.2 do.... do. •.. do. 12.5 6.6 5.9 12.7 6.6 6.1 11.8 6.2 5.5 rll.8 6.2 5.6 ll.6| 6. 5.5| 70,228 67,22! 7,772 59;449 3,007 68,994 66,385 6,823 59,562 2,609 68,965 64,061 6,272 57,789 4,904 70,418 64,981 6,900 58,081 5,437 52,229 16,702 824 3,046 4,194 11,229 2,396 6,427 7,411 52,477 i6,949 828 3,057 4,210 11,236 2,394 6,404 7,399 49,949 15,023 711 2,685 3,874 10,961 2,370 6,455 7,870 r50,4l3 r15,206 r7!7 r2,806 r3,904 r 11,035 r2,39l r6,488 r7,866 r50,202 r15,172 r707 r2,888 3,908 r10,986 r2,4IO r6,470 | r7,66l 12,784 7,445 76 613 310 446 1,078 875 1,243 346 1,364 221 13,020 7,489 77 612 319 463 1,080 885 1,216 860 1,352 226 11,245 6;269 68 542 284 405 840 756 1,029 715 1,081 200 rll,4l5 r6,350 68 r578 287 417 r859 r773 rl,OI4 716 rl,084 199 rl1,373 | r6,28l r68 I r579 r286 r423 I r852 r764 r993 r7IO r1,063 r!96 5,339 1,118 72 896 !,023 451 546 537 169 200 327 5,531 1,194 93 912 1,082 457 547 538 170 204 335 4,976 978 70 831 985 432 540 510 158 172 302 r5,065 1,039 70 840 r994 r433 541 r500 158 176 r3l4 5,092 r1,085 r70 r830 r992 r428 r539 r499 r!58 rl75 316 103.4 104.8 160.9 105.3 104.4 164.6 91.0 92.3 140.9 r92.3 92.8 r144.9 r9l.9 93.2 r145.0 39,8 40.0 39.4 82.39 88.00 74.47 40.0 40.3 39.5 82.80 89.06 74,26 38.7 39.1 38.1 82.04 88.37 73.91 39.2 39.6 38.7 83.10 89.89 75.08 39.2 39.4 r38.9 83.50 89.83 r75.47 do..., do.... ..do..., do..., ..do..., do..., do..., do..., do..., do..., do. • •, ....do..., 2.07 2.20 2.34 1.82 1.74 2.05 2.53 2.19 2.30 2.05 2.41 2.10 2.07 2.21 2.34 1.84 1.76 2.06 2.54 2.20 2.30 2.06 2.42 2.10 2.12 2.26 2.46 1.88 1.77 2.09 2.58 2.25 2.37 2.14 2.49 2.18 2.12 2.27 r2.48 rl.88 1.78 2.10 2.61 2.27 r2.38 2.15 r2.50 2.19 2.13 2.28 r2.48 rl.88 1.78 | 2.11 r2.67 I r2.28 r2.38 2.15 r2.52 2.20 Nondurab I e-goods i ndustr ies ••«•• do..., Food and kindred products do..., Tobacco manufactures •••• • do..., T e x t ! ie-fui i i products • dc..., Apparel and other finished textile products.. do..., Paper and allied products. do..., Printing, publishing, and allied industries do... Chemicals and allied products do... Products of petroleum and coal do... Rubber products ••••• do..., Leather and leather products do... FRASER 1.89 1.91 1.61 1.50 1.50 2.06 2.50 2.25 2.69 2.28 1.54 1.88 1.90 1.48 I 50 L50 2.06 2.51 2.25 2.69 2.27 1.54 1.94 2.01 1.66 !.50 1.94 2.01 rl.67 !.5« 1.50 2.11 r2.59 2.31 2.73 r2.33 1.57 L94 2.00 | rl.67 !.50 ' N50| r2,l2 r2.59 2.33 2.76 r2.35 ••••• • • •.. Inventories, estimated (unadjusted), total Durab I e-goods estab I i shments Nondurab I e-goods estab I i shments EMPLOYMEMT AND WAGES Labor force (Bureau of the Census): Civilian labor force, total thousandsEmployed ... ••••., • • • • • • • .do.... Agr I cu I tura I emp loyment do. • •. Nonagr i cu I tura i emp loyrae nt do.... Unemp I oyed ••••• • * e .do«.. a Employees in nonagricultural establishments: Total, unadjusted (U. S. Department of Labor) do.... Manuf actur ing • do.... Mining • do.... Contract construct ion do.... Transportation and public utilities.. .do.... Wholesale and retail trade • do.... Finance, insurance, and real estate.. ....do.... Service and mi see I laneous.. do.... Government. .» do.... Production workers in manufacturing industries: Tota I.. do..., Durab I e-goods i ndustr ies • do.... Ordnance and accessories do.... Lumber and wood products (except furniture).......do.... Furniture and fixtures • do.... Stone, clay, and glass products do.... Primary metal industries .....do.... Fabricated metal products ±/ do.... Machinery (except electrical).. do.... E lectricaI mach 1 nery do. • •. Transportat ion equ i pment do.... Instruments and related products ....do.... Nondurable-goods industries .do.... Food and kindred products do.... Tobacco manufactures do.... Texti le-mi 11 products do.... Apparel and other finished textile products.......do.... Paper and allied products ..do.... Printing, publishing, and allied products do.... Chemicals and allied products do.... Products of petroleum and coal... do.... Rubber products. •••••••• do.... Leather and leather products •••••••do.... Manufacturing production-worker indexes: Emp loyment: Unadjusted • 1947-49* 100.. Adjusted •••••• do..., Payrol Is, unadjusted • do.... Hours and earnings: Average weekly hours per worker, all manufacturing...hours ee Durab I e-goods i ndustr ies •••• do..., Nondurab I e-goods i ndustr i es do. •.. Average weekly earnings, all manufacturing dollars.. Durab I e-goods i ndustr ies do.... Nondurab I e-goods i ndustr ies do.... Average hourly earnings, all manufacturing...... Durab I e-goods i ndustr ies Ordnance and accessories Lumber and wood products (except furniture) Furniture and fixtures • Stone, clay, and glass products Primary metal industries Fabricated metal products J./ Machinery (except electrical) E lectr i ca I mach i nery Transportat ion equ i pment. Instruments and related products Digitized for http://fraser.stlouisfed.org/ f_/ Revised, j)/ Preliminary. Federal Reserve Bank of St. Louis 9088 ±/ Except ordnance, machinery and transportation equipment. 2.30 1.57 70,473 65,179 6,718 I 58,461 5,294 1 1.55 1 4 MONTHLY BUSINESS STATISTICS — Continued 1957 ITEM Ju l.y j August 1958 May June July August EMPLOYMENT AND WAGES - Continued Labor turnover in manufacturing estab1ishments; Accession rate.«.,.....«....monthly rate per 100 employees,. D §SCf)ar@e, ®a©©Qee<B«9effi©so©ee®©0ee€3®ooe©&ee<soeeooe©© ,O O . . . . 3.2 3.1 .2 1.3 1.4 .2 3.2 4.0 .3 1.6 1.9 •3 42,668 32,968 3.0 3.6 2.4 .8 .2 r3.8 r2.9 ,2 ri.8 .8 .2 p3.2 p3,0 p.2 pi.8 p.8 P.2 43,101 33,303 43,027 32,957 43,122 33,054 43,026 33,133 3,837 3,477 3,599 3,382 3,704 3,369 3,591 3,343 3,386 3,361 3,252 3,352 3,484 3,387 3,265 3,392 3,494 3,415 3,342 3,374 89.93 90.16 75.93 90.12 90.34 75.44 97.78 98.03 80.64 96.82 97.04 80,80 95.69 95.89 8S.II. 100.0 103.5 98.3 101.2 105.5 1 11.0 105.5 110.8 104.2 108.0 98,351 96,447 1,263 109,359 106,976 1,664 98,530 96,627 1,254 109,336 106,954 1,662 516,027 113,688 1,416 118,662 115,976 1,756 \18,287 115,802 1,423 122,178 119,338 1,762 116,425 113,955 1,425 121,673 118,836 1,756 3.75 3.91 3.25 3.26 3.45 3.74 4.75 4.83 4.31 4,28 4.36 4.45 48.51 52.54 52,15 34.86 32.93 31.20 45.84 49.51 48.48 33.65 31.89 29.52 43.70 46.51 43.86 34.18 36.57 24.74 44.75 47.62 45.17 34.78 37.31 25.54 45.98 48.96 46.92 36.01 37.82 26.86 47.70 51.00 49.75 37.44 37.50 28.43 19.75 39.56 27.73 20.14 39,57 I 25.66 20.54 40.96 27,51 21.23 41.44 28.16 21.24 41.94 28,38 21.47 42.62 28.72 218,773 4,870 224,904 4,883 234,507 4,903 FINANCE Consumer credit (short- and intermediate-term): Total outstanding, end of month,••«•••••• mil. of dol.« installment credit extended and repaid; R e p a 1d, t O t a 8. . e s @ @ a e ® , e ( » a e . « > < J O O © O O O < B « , d O . os© Bonds j Pri ces ; Average price of all listed bonds (N 0 Y«S.E») J./. 8 dolJars,. Standard and Poor's Corporation; Industrial, utility, and rai1road (A 1+ issues); 102.0 103.7 Value, issues listed on New York Stock Exchange; U O m e 5 T 1 G .•••,',.,,• , , « . . . « «••)«.,) a e • , . . . . ) . . . »....««'.« #_Q O . . . » aosoos©a®a Yields, domestic municipal (15 bonds), Standard and Stocks; Dividend yields, preferred stocks (14 high-grade), Pr i ces: Standard and Poor's Corporation; Combined Index (500 stocks) I94i-43«I0.. Banks; Shares listed on New York Stock Exchange; 229,924 4,705 j r / Revised. £ / Pre Iimi nary. USC0MM-DC-9088 217,898 4,719 ±/ Includes bonds of the International Bank f o r Reconstruction and Development not shown separately. PENALTY FOR PRIVATE USE T O A V O I D 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 forSURVEY FRASER BUSINESS