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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.

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PAYMENT OF POSTAGE, $300

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DIVISION OF PUBLIC DOCUMENTS

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WEEKLY SUPPLEMENT

OF CURRENT
Digitized forSURVEY
FRASER


BUSINESS