Business Investment Outlays - FRASER · 2018. 11. 6. · SEPTEMBER 1957 By the Office of Business Economics Business Investment Outlays Percent Change, 1955 to 1956 and 1956 to 1957-40

SEPTEMBER 1957

rar

U. S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SURVEY OF CUKIIENT BUSINESS

No. 9

SEPTEMBER 1957

PAGE

THE BUSINESS SITUATION 1Major Recent Developments 2

Industrial Patterns of 1957 Capital Investment. 3* * *

SPECIAL ARTICLESFinancing the Expansion of Business 6

Corporate Financing in 1957 6

Postwar Industry Differences 8

Current Financial Position 13

High Foreign Sales and Investment FeatureSecond Quarter Balance of Payments 15

* * *

NEW OR REVISED STATISTICAL SERIES

Manufacturers' Inventoriesby Stage of Fabrication 20

* * *

MONTHLY BUSINESS STATISTICS S-l to S-4GStatistical Index. Inside back cover

Published monthly by the U. S. Department of Commerce, SINCLAIR WEEKS,Secretary. Office of Business Economics, M. JOSEPH ME EH AN,Director. Subscription price, including weekly statistical supplement, is$4.00 a year; foreign mailings $5.75. Single copy, 30 cents. Send remit-tances to any Department of Commerce Field Office or to the Superintendent ofDocuments, United States Government Printing Office, Washington 25, D. C.Special subscription arrangements, including changes of address, should bemade directly with the Superintendent of Documents. Make checks payableto Superintendent of Documents.

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Atlanta 3, Ga.

66 Luckie St. NW.

Boston 9, Mass.

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Chicago 6, 111.226 W. Jackson Blvd.

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llth and Main Sts.

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For local telephone listing, consult section

devoted to U. S. Government


SEPTEMBER 1957

By the Office of Business Economics

Business Investment OutlaysPercent Change, 1955 to 1956 and 1956 to 1957

-40 -20 0 +20 +40 4-60 +80

I I

A L L I N D U S T R I E S

Manufacturing and mining

T r a n s p o r t a t i o n

Publ ic ut i l i t ies

Commercial and other

MANUFACTURING INDUSTRIES

IMonferrous metals

Transportation equipment,except autos

Iron and steel

1

Chemicals

Machinery, includingelectrical

Motor vehiclesand equipment

U. S. Department of Commerce, Office of Business Economics

Data: SEC 8 QBE

57-25-1

JL HE RISE in consumer spending which has accompaniedthe advance in personal income has been the major influencein the continued uptrend in the value of total national out-put in recent months. Price advances continue to be afactor in the dollar-value increase, but, despite the mixedpicture displayed in particular parts of the economy, thevolume of national output remains at a high and stable rate.

Viewed in broad perspective, the current trends may besummarized in the following review of major businessindicators.

1. Personal income continues to establish monthly records,and for the first 2 months of the third quarter (July-August) averaged 6 percent higher in dollars and about 2percent more in purchasing power than in the same periodof 1956. Higher wage and salary payments have beenimportant in the increase this year. Employment in non-agricultural pursuits has remained high, changing little ona seasonally corrected basis in recent months, but recordingan increase during the summer of 900,000 in comparisonwith a year ago.

2. The most important plus factor in the business situationat present is the record high rate of consumer spending,which has advanced in line with the flow of income. Prac-tically all of the rise has resulted from higher outlays onnondurable goods and services. Aggregate sales of durablegoods have shown little change so far this year, with varia-tions in sales movements among individual products, butthe aggregate dollar total has been somewhat above last year.

3. Business expenditures for plant and equipment, cur-rently at a record high, are expected to level off during thesecond half of 1957 and to reach a total of $37 billion for theyear as a whole. This would exceed last year by 6 percent,adding a record amount of productive facilities. The latestOBE-SEC survey, the results of which are set forth in theadjacent chart, reveals that business expenditures for 1957will show an increase in line with anticipations as reportedby business early in the year, with no significant revisionsof programs among the various major industries.

4. Investment in inventories has changed little so far thisyear, but here the major aspect for the general business pat-tern is the fact that inventory accumulation has been smallin contrast to the substantial rise last year. This changedinventory policy of business has been a moderating influencetending to lessen the general pressure on prices. The volumeof inventories has increased about $1 billion at an annualrate since the beginning of this year, compared with the rateof rise of $5 billion during the same period a year ago.

5. Housing construction likewise is currently stable, fol-lowing the declines of substantial magnitude which occurredin 1956 and earlier in 1957. The value of residential build-ing, as well as the number of housing units started, remainsbelow a year ago.

437309°—57-Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS September 1957

6. Our foreign trade continues as a strong element in thebusiness picture, although the stimulus derived by domesticbusiness from the sharp rise in exports associated with theSuez crisis is not continuing. Net foreign investment,which increased sharply after the third quarter of last year,reached an unusually high annual rate of $4 billion in thefirst half of this year. The high ratio of exports to importsin the first 2 quarters may decline in the third. This fea-ture of the current business situation is reviewed in anarticle in this issue.

7. Purchases by State and local governments continuetheir steady rise which, for some time, has averaged aroundone-half billion dollars per quarter at an annual rate. Fed-eral Government purchases, which have been increasingmoderately since the spring of last year, are now tending tolevel off.

MAJOR RECENT DEVELOPMENTSPersonal income moved up in August to a seasonally ad-

justed annual rate of $347}£ billion, an increase of $1 billionover July.

The rate of individual income flow in August was $5billion, or 1% percent, above that for the second quarter of1957. This advance was closely in line with the averagequarterly increase in personal income which has taken placeover the past 2 years.

Approximately half of the rise in total income from Julyto August occurred in wages and salaries, and the remainderwas spread among a number of other categories. Withseasonally adjusted nonfarm employment again showinglittle variation, the overall rise in payrolls was due largelyto a further increase in wage rates.

On an industry basis, August payroll changes conformedgenerally to the pattern established in prior months of theyear: fairly stable payments in manufacturing and increasesin other private industries and in Government. In manu-facturing, the effect of gradually declining employment thisyear, as well as of somewhat lower average hours of work,has been offset by higher wage rates. In most other indus-tries, rising employment and wage rates have acted togetherto account for payroll advances.

Consumer purchases rising

Consumer demand for goods has been an importantelement of strength in the economy in the recent period.The advance in total sales at retail stores this summer fullymatched the rise in disposable personal income to bringretail trade activity to a new high.

Retail sales in July and August 1957, seasonally corrected,were higher than in the second quarter, and well above thecorresponding period a year ago. While prices have con-tinued to play an important role in the dollar rise, more thanhalf of the relative gain over a year ago represents an increasein the volume of sales.

Dollar sales of both durable- and nondurable-goods storesset new records in the July-August period, with both groupsshowing advances over the same 2 months of 1956 and thesecond quarter of this year. Nondurable-goods store saleshave risen in each successive month of 1957. In the durable-goods group, sales began to rise after April following somedecline in the earlier months of the year.

Sales movements by lines of trade

The dollar sales of the retail automotive group reflect thehigher prices of this year's models, and a larger amount ofother business. Unit sales of new cars continue to runslightly below the 1956 results, with record inventories being

carried into the period of clean-up and transition to 1958models, the production of which will be under way on a con-siderable scale in October.

Farm implement dealer sales have moved up from the lowpoint of the long decline which extended through the middleof 1956.

Sales of the lumber, building, and hardware group in theJuly-August period were under a year ago, continuing therecessionary pattern associated mainly with the drop in newhousing construction.

Sales by furniture and appliance stores have recentlyaveraged about the same as in the corresponding period oflast year. Demands for major household appliances haveshown movements which have been divergent and offsettingin their influence on aggregate sales.

All the major nondurable groups have exhibited risingsales tendencies thus far in 1957 and are well above year-agorates. The year-to-year gains this summer were largest forgasoline service stations, food stores, and drug stores. Inthe July-August period, sales of general merchandise stores,eating and drinking places, and apparel stores were up about5 percent over 1956.

Retail sales related to income

The ratio of retail store sales to disposable income hasmoved upward from an average of 66 percent for 1956 as awhole to about 68 percent in the summer of 1957. Most ofthis increase in the retail store share of the income dollar hasoccurred in the nondurable-goods trades.

Among the nondurables, food stores, gasoline service sta-tions, general merchandise, and drug stores showed increasesin the ratio, while sales of apparel stores and eating anddrinking places changed little relative to income.

In the durable-goods categories, declines in the sales-income ratios for the furniture and lumber groups tended tooffset most of the rise shown for the automotive group.

Plant and equipment investment steadyThe rise in plant and equipment expenditures that has been

in progress for 2% years is expected to level off at very highrates in the latter part of 1957. Reports submitted bybusinessmen in late July and August in the OBE-SECsurvey indicate an anticipated seasonally adjusted annualrate of expenditures of $37.2 billion in both the third andfourth quarters of this year. Actual spending in the secondquarter was at a $37 billion rate.

Investment in manufacturing industries is expected tochange little, after seasonal adjustment, from the first to thesecond half of 1957. Increases over this same period havebeen scheduled by electric and gas utilities, railroads, andtransportation other than rail. Investments by the com-mercial and mining industry divisions are expected to decline.

If businessmen carry through with their current antici-pations, spending for the full year 1957, as already noted,will total $37 billion—about $2 billion, or 6 percent, morethan the record outlay in 1956. A major part of this in-crease reflects the advances which have occurred in construc-tion costs and equipment prices, but none the less businesswill put in place this year a record volume of new facilitiesof the latest design, and of improved efficiency.

Stable inventory picture

In most lines of business, producers and distributors alikein 1957 have found stocks of goods on hand adequate to meettheir requirements. The comparative absence of stringenciesin the supply situation and hesitancy in many price lines in


September 1957 SURVEY OF CURRENT BUSINESS

wholesale markets are among the factors which have led topurchasing being placed largely on a "when-needed'' basis.

This conservative buying policy adopted by business earlyin the year contrasts sharply with the situation in 1956,when inventory demand was an important market factor.Inventory expansion reached its height during the fourthquarter of last year. The rise in book values of businessinventories continued in 1957 but at a very much reducedrate, and rising prices have meant that the volume of in-ventories has increased very little. The shift away fromsubstantial inventory building characterized both manu-facturers7 and distributors' stocks.

In the case of producers' stocks, the changed tempo has

centered in the durable-goods industries. Changes amongnondurable-goods industries have been relatively small.

In the heavy goods sector, the contrast between 1957 and1956 movements can be traced largely to the machinery andtransportation equipment industries. In these groups, therapid expansion of materials on hand was sharply curtailedaround the turn of the year. The rise of $1 billion in bookvalues in the second half of 1956 gave way to an increase ofone-half billion dollars in the first half of 1957. Reductionin inventory accumulation occurred also in other durable-goods lines, but to a lesser degree than in the two industrieswhich had accounted for the bulk of the manufacturing in-ventory buildup in 1956.

Industrial Pattern of 1957 Capital Investment

I.NCREASES in business capital investment in 1957 overthe year 1956 are expected in manufacturing, railroads, andpublic utilities. Little change is anticipated in mining andnonrail transportation, whereas a decrease is projected bythe commercial group. (See table 1.)

Manufacturing investment at peakManufacturers anticipate a $16.2 billion outlay in 1957—

8 percent above 1956. This year again, most manufacturingindustries are increasing capital expenditures. On a season-ally adjusted basis, durable-goods manufacturers as a groupexpect their expenditures to hold to a peak rate in the summerquarter, edging down in the last 3 months of the year, whilenondurable-goods producers in the aggregate expect theirspending in the second half to change little from actual firstand second quarter rates.

Durable-goods industriesLast year every major durable-goods industry increased

its outlays by one-third or more. This year very largeincreases appear in the programs of steel, nonferrous metals,and transportation equipment (other than motor vehicles),while the stone, clay and glass industries anticipate a drop.

The doubling in outlays by nonferrous metals producersreflects chiefly the very large expansion programs of alu-minum producers. Last year's new additions and thosescheduled for this year and 1958 will raise primary aluminumcapacity by more than one-fourth over that as of the end of1955. The 1958 scheduled additions, now under construc-tion, are two-thirds again as large as the new capacityscheduled during 1956-57. There has been no appreciablechange in the short-term programs of other nonferrousmetals producers.

The 15-million-ton steel expansion program is also well

under way. More than 5 million additional tons of ingotcapacity were added last year and another 1% million isscheduled to come in this year, in addition to raw materialsand finishing facilities.

New Plant and Equipment ExpendituresTotal in 1957 expected to be 6% above 1956

BILLIONS OF DOLLARS50

40

30

20

10

ANNUAL TOTALS

I I

QUARTERS, SEASONALLYADJUSTED, AT ANNUALRATES

1955 1956 1957* 1955 1956 1957*Third and fourth quarters of 1957 anticipated by business

Data: SEC 8 QBE

U« S. Department of Commerce, Office of Business Economjcj 5 7 — 2 5 - 2


SUKVEY OF CURRENT BUSINESS September 1957

The machinery industry groups—both electrical andother—are showing continued rises in their capital spendingthis year. Motor vehicle manufacturers report a 30 percentdrop in their 1957 outlays to $1.2 billion, following a 50percent rise in 1956. In only 1 of the 4 years since 1953 hasspending by automobile manufacturers moved in the samedirection as manufacturing and overall plant and equipmentexpenditures. The effect, of course, has been to dampendecreases—as in 1954—and to moderate increases—as in1955 and this year. Last year's large programs of the auto-mobile makers were an important contributory factor in theadvance of nearly a third in total manufacturing investment.

Investment strong in chemicals

Nondurable-goods manufacturers expect a 9 percentincrease in investment over last year. The largest relativeadvance in investment from 1956 to 1957 is an increase ofalmost one-fourth in expenditures by chemicals producers—to $1.8 billion—with a strongly rising trend throughout 1957.Oil companies show a 9 percent advance over 1956 to $3.4billion, but there are signs of leveling in the second half.Stocks of gasoline have been high since spring, and this is onefactor that has had a temporarily adverse effect on drillingprograms of the integrated refiners; fewer wells are beingdrilled this year than last. Smaller-than-average increasesare seen in outlays by the food and beverage, paper, andrubber industries—the last two following large gains lastyear—while textile firms show a decline of 15 percent.

Capital Outlays by Industry Groups

BILLIONS OF DOLLARS

5 10 15 20

Manufacturingand Mining

Commercialand Other

Sibllc Utilities

Transportation

* Includes thfrd Q fourth quarters anticipated by business

O. & Department of Commerce, Office of Business Economics

Data: SEC a QBE

57-25-3

Rise largest in public utilitiesOf all the major industry divisions, programs of the public

utilities show the largest rise in 1957, about one-fourth.In electric utilities, the recent rise in capital outlays,

which began in early 1956, extends through 1957. Afterseasonal allowances, expenditures in the final quarter ofthe year are scheduled at a rate almost 60 percent abovetheir recent low point in the fourth quarter of 1955. Earlythis year, trade sources had indicated that private powercompanies would add more than 7 million kilowatts of newcapacity in 1957, and would make further additions of almost14 million in 1958.

Gas utility expenditures from late 1955 through 1956 wereon a high plateau. Nineteen fifty-seven has witnessed astepping up in capital outlays with further rises scheduledfor the second half of the year.

Railroad programsRailroad expenditures are scheduled to reach $1% billion

this year, as compared with last year's figure of $1.2 billion.The rise over 1956 is almost exclusively in equipment, whichis expected to make up over 70 percent of this year's total,as compared with two-thirds in 1956.

The fourth-quarter anticipation by the railroads suggestssome edging off from the peak rate scheduled in the summermonths. This may reflect the fact that railroad net incomehad been comparing favorably with year-ago figures up tothe first quarter of 1957 but more recently has been fallingbehind. The freight car program has been at the core ofrecent investment of the roads. At midyear, car backlogswere about one-fourth lower than they were in the previousyear, and represented 10 months of installations at thehigh monthly rates that prevailed in the second quarter.Installations of diesel locomotives have been runningbelow 1956 rates.

Other nonmanufacturing investmentDivergent trends characterize the other nonmanufacturing

groups. Although the 1957 expenditures for mining as awhole are unchanged from 1956, this is the result of reduc-tions in spending by iron ore, petroleum and gas companieswhich offset increases by firms in coal mining and in stone,sand and gravel.

In nonrail transportation, increased outlays by the air-lines, marine transportation, and oil pipelines are offsettingdeclines in the motor carrier field. The airlines, as is wellknown, have very large equipment orders outstanding.

In the commercial and other field, the 8 percent declinefrom 1956 to 1957 reflects decreased spending by trade andconstruction firms, offset in part by an increase in outlaysto a new peak by the communications industry.

Defense Facilities Program

. Last month the President signed into law a bill provid-ing for the end of the Government's program of rapid taxamortization by December 31, 1959. The law also limitsthe granting of new certificates in the interim to ODM-approved capital facilities built to fulfill Defense Depart-ment and AEC contracts and research and developmentfacilities for direct defense.

Between 1950 and the middle of this year, certificates hadbeen granted to facilities totalling over $38 billion, withsome $23 billion subject to rapid amortization. The esti-mated total value of facilities granted rapid amortization


September 1957 SUEVEY OF CUEEENT BUSINESS

privileges, according to the Office of Defense Mobilization,by years, is as follows:

(Billions of dollars)

Year

1950195119521953

Total

1. 410. 613. 35. 0

Year

19541955 _ _ __ _19561957 (1st half) _

Total

1. 93. 74. 11.2

There has been a considerable shift in the industrial dis-tribution of certificates over the period shown in the table,and in some industries certificates have covered a significantportion of investment in recent years. In the Korean period,most certificates were issued for manufacturing facilities.From the beginning of 1955 to mid-1957, on the other hand,more than half of the value of facilities for which certificateshave been granted has gone to railroads and public utilities,while the manufacturing share has been small. These cer-tificates have totaled $2.1 billion in the case of the railroadsand $3 billion in the case of public utilities, or about two-thirds and two-fifths, respectively, of total gross fixed outlaysmade in these industries in the same period.

Table 1.—Expenditures on New Plant and Equipment by U. S. Business,1 1955—57[Millions of dollars]

Manufacturing _ . _ _

Durable- goods industries

Primary iron and steelPrimary nonferrous metals _ _ _Electrical machinery and equipment- _ _ .Machinery except electrical

Motor vehicles and equipment _Transportation equipment excluding motor vehicles .Stone, clav and glass products-Other durable goods 3 _ _

Nondurable-goods industries

Food and beveragesTextile mill productsPaper and allied products...

Chemicals and allied products _ _ .-Petroleum and coal productsRubber products _ __Other nondurable goods *

Mining

Railroads __ _ _

Transportation, other than rail _ _ _

Public utilities . . _

Communications _ _ _

Commercial and other 8

Total

Manufacturing _ _ _ _ _ _ _ _

DurableNondurable

Mining __ _ _

Railroad __

Transportation, other than rail

Public utilities _ _ _ _

Commercial and other 5 _

Total _. _

1955

11,439

5,436

863214436809

1,128274498

1,214

6,003

718366518

1,0162,798

150437

957

923

1,602

4,309

1,983

7,488

28, 701

1956

14,954

7,623

1,268412603

1,078

1,689440686

1,447

7,331

799465801

1,4553,135

201475

1,241

1,231

1,712

4,895

2,684

8,364

35, 081

19572

16, 191

8,218

1,684875653

1,257

1,194596604

1,355

7,973

828397847

1,7953,418

208480

1,242

1,457

1,751

6,254

I 10,135

37, 030

1956

January-March

2,958

1,462

21969

104227

34177

132293

1,496

178108155

28362740

105

262

297

396

936

J 570

1 2,043

7,462

April-June

3,734

1,862

30688

142254

431103172366

1,872

208126.203

364803

50118

319

325

423

1,199

673

2,207

8,880

July-Septem-

ber

3,834

1,960

296103158267

464120181371

1,874

203110206

370813

50122

314

277

443

1,308

663

2,062

8,901

October-Decem-

ber

4,428

2,339

447152199330

453140201417

2,089

210121237

43889261

130

346

332

450

1,452

778

2,052

9,838

1957

January-March

3,505

1,759

327147126270

297126135331

1,746

201111192

35372846

115

300

342

358

1,205

1 2,572

8,282

April-June

4,183

2,120

437217152317

314150156377

2,063

225114216

43589253

128

327

362

478

1,510

2,730

9,590

July-Septem-

ber 2

4,414

2,243

452252184338

336168155358

2,171

20892

240

513929

54135

325

409

461

1,823

2,525

9,957

October-Decem-

ber 2

4,089

2,096

468259191332

247152158289

1,993

19480

199

49486955

102

290

344

454

1,716

2,308

9,201

Seasonally Adjusted at Annual Rates

[Billions of dollars]

13.45

6.576.88

1.13

1.25

1.65

4.56

10.78

32.82

14.65

7.387.27

1.28

1.22

1.63

4.61

11.10

34.49

15.78

8.207.58

1.26

1.20

1.79

5.08

10.76

35.87

15.81

8.217.60

1.28

1.23

1.76

5.27

11.11

36.46

16.12

8.098.03

1.35

1.42

1.52

5.72

10.76

36.89

16.25

8.317.94

1.28

1.35

1.82

5.93

10.40

37.03

16.21

8.327.89

1.25

1.55

1.79

6.33

10.10

37.23

16.20

8.168.04

1.17

1.48

1.78

6.48

10.06

37.17

1. Data exclude expenditures of agricultural business and outlays charged to currentaccount.

2. Estimates are based on anticipated capital expenditures reported by business in lateJuly and August 1957. The seasonally adjusted data include in addition to a seasonal cor-rection, an adjustment when necessary, for systematic tendencies in anticipatory data.

3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments,ordnance, and miscellaneous manufactures.

4. Includes apparel and related products, tobacco, leather and leather products, and print-ng and publishing.

5. Includes trade, service, finance, and construction. Figures for 1957 and seasonally ad-justed data also include communications.

Note.—Data for earlier years were published in the June 1956 Survey of Current Business,page 6.

Source: U. S. Department of Commerce, Office of Business Economics, and Securities andExchange Commission.


by Herman I. Liebling -

Financing the Expansion of Business

D,"EMANDS of business for capital funds have continuedat a high rate in 1957. With the maintenance of exception-ally large investment requirements elsewhere in the economy,pressures on the markets for funds remained heavy through-out the first half of the year. Interest rates rose to newhighs for the postwar period, and monetary authorities con-tinued their policy of credit restraint in an effort to containthe large demands for borrowed funds.

Terms of equity financing remained favorable for corporatebusiness during the first half of 1957. With common stockprices and corporate earnings little changed from their 1956average, the cost of equity financing as reflected in the ratioof profits to stock prices was at about its postwar low.While more recently stock prices have receded from theirsummer high, they still compare favorably with the averagesfor prior years.

Internal funds available from current operations showedsome further net expansion in the first 6 months of this yearas compared with the 1956 rate. With continuing growthin the volume of fixed assets, on which accelerated amortiza-tion was generally available, depreciation allowances pro-vided increased funds for expansion purposes. Corporateearnings did not differ much from the year-before rate assales were moderately higher but margins were reduced.Dividends move up, however, and a lessened share of currentprofits was available for reinvestment purposes.

Although internal funds have been somewhat larger thisyear, the bulk of the increase in corporate long-term capitalrequirements has been obtained from external sources. Theamount of equity raised from outside sources in the first 6months of 1957 was the largest for any comparable intervalin the postwar period. However, such financing has con-tinued to supply a relatively low proportion of total corporaterequirements. Borrowing again has been the principalsource of external funds for corporate business.

New data on industry patterns

Background for the 1957 financial experience of corporatebusiness is contained in table 1, which presents a summaryview of the funds used and the sources from which thesewere drawn in 1956 and earlier years. In addition, tables 2through 6 present for the first time data of the same type forseveral broad industrial divisions of the economy. Althoughit is not feasible at this time to provide annual series for theindustry groups covered in these tables, the figures shown forthe decade 1947-56 and for 1956 separately depict the majorindustrial patterns of postwar financing. The light whichthese figures shed on the differing industry experience willbe reviewed in the second part of this article.

Corporate Financing in 1957RECENT long-term financing requirements of corporate

business are highlighted in the accompanying chart, whichshows for all nonfinancial corporations the use of funds forfixed and net working capital purposes in the first 6 monthsof each of the last 3 years, and the principal sources utilizedin financing these needs.

As described earlier in this issue of the SURVEY, businessinvested a record total in plant and equipment during thefirst half of 1957. The corporate share of these expendituresamounted to more than $15 billion—about $1% billion, or12 percent, above outlays in the first 6 months of last year.In addition, corporations raised about $3 billion in long-term funds to finance additions to net working capital (theexcess of current assets over current liabilities). This latterrequirement was not quite so large as in early 1956, so thattotal long-term requirements of roughly $18 billion in thefirst half of this year were about $1 billion over the previousfirst-half record reached last year.

The principal features of working capital changes in 1956and 1957 may be summarized as follows:

NOTE—MR. LIEBLINQ IS A MEMBER OF THE NATIONAL ECONOMICSDIVISION, OFFICE OF BUSINESS ECONOMICS.

1. In contrast to last year, when corporations were addingto their inventories at a fairly rapid rate, changes in inven-tory holdings in the first 6 months of this year were largelyseasonal in nature. Thus, the book value of corporate inven-tories rose by about $2 billion in the first half of 1957, con-trasting with an increase of over $5 billion in the comparable1956 period. Most of this change from 1956 to 1957 wasaccounted for by manufacturing firms.

2. Customer receivables financing also appears to havebeen less of a factor in corporate requirements in 1957 thanin the first half of 1956 when book credit extended to con-sumers and unincorporated business firms was expanded by$3% billion.

3. In the past several years, Federal income tax paymentshave been seasonally high in the first half of the year, ex-ceeding tax "set-asides" by a wide margin. In 1957, how-ever, the tax drain was not so pronounced as a year ago.In large part this was because of the accelerated tax pay-ment program now under way to put corporations closer toa pay-as-you-go basis and to equalize payments throughoutthe year.


September 1957 SURVEY OF CURRENT BUSINESS

In 1956, the larger corporations which account for themajor share of total profits tax liabilities paid 20 percentof the currently accruing Federal profits taxes in the secondhalf of the year, as against 10 percent in 1955. The propor-tion is scheduled to be 30 percent this year, and by 1959corporations will be paying their taxes in four more or lessequal installments beginning in September of that year.

4. There was some letup in corporate short-term bankborrowing in the first half of 1957, no doubt reflecting inlarge part somewhat lessened working capital needs. Thedampened trend in use of bank funds was also attributableto the Federal Reserve's policy of credit restraint.

Available data suggest that most of the major manufactur-ing groups have reduced their 1957 bank credit demandsfrom the exceptionally high rate of borrowing in 1956. Theslowing of the rate of increase has been most pronouncedin the case of metal manufacturers. Trade concerns also

Corporate FinancingHigher long-term capital requirements inthe first half of 1957 ...

BILLIONS OF DOLLARS20 —

15 -

10 —

CHANGE IN NETWORKING CAPITAL

PLANT ANDEQUIPMENTEXPENDITURES

were financed in increased degree fromsecurity issues

20 —

15 —

1 o —

5 —

LONG-TERMDEBT

STOCK ISSUES

1955 1956 1957FIRST HALF OF EACH YEAR

Data: QBE based on SEC ft other financial data

borrowed less in the first half of this year than in the sameperiod a year ago. On the other hand, the sales-financecompany and public utility groups made greater use of bankfacilities in 1957.

In the case of finance companies, the substantial increasethis year contrasted with a net liquidation in the first halfof 1956, when these companies were in the process of fundingshorter-term loans. The increase in utility borrowing hasbeen exceptionally large throughout the last year and a half.

5. In the first half of 1956 corporations drew down theirliquid assets—by almost $8 billion—in meeting their heavycurrent and fixed capital needs. Such liquidation alsooccurred this year, but on a lesser scale—around $5 billionwhich was more in line with existing seasonal requirements.

It will be recalled that in the calendar year 1956 corpo-rations sold $4.7 billion of U. S. Government securities tohelp provide the necessary funds for business expansion.This sell-off, following a sizable accumulation of Governmentsecurities in 1955, explains the sharp reduction in the netaccumulation of corporate financial assets in 1956 as com-pared with 1955 (table 1).

The classification used in table 1—that of treating changesin assets as "uses" and changes in liabilities and capitalaccounts as "sources"—is probably most suitable for time-series analysis. However, in evaluating what happened inthe business upsurge of 1956 and 1957 a more meaningfulpicture of events is obtained by treating the reductions inliquid assets for what they were, namely, the source fromwhich additional funds necessary to finance corporate busi-ness expansion was derived. Furthermore, the treatment ofrecent changes in Federal income tax liabilities may also bereversed from that of table 1 for the same reason.

Understanding of the changes from 1955 to 1956 isfurthered by the rearrangement of the data for those yearsgiven in the accompanying table.


The uses of funds:

To increase physical assetsTo increase customer receivables and miscel-

laneous assets

Subtotal,

To increase liquid assets in 1955 _Payments on Federal income taxes in excess

of tax accruals in 1956_

Total used _

The sources of funds:

Retained profits and depreciationFrom outside sources

Subtotal

From reduction of liquid assets in 1956From Federal income tax accruals in excess of

payments in 1955

Total sources _ _ _ _

1955

29. 2

10. 9

40. 1

4. 7

44. 8

24. 018. 8

42. 8

2. 8

45. 6

1956

37. 8

7. 9

45. 7

1. 5

47. 2

24. 818. 6

43. 4

4. 0

47. 4

U. S. Department of Commerce, Office of Business Economics 57-25-4

(The total funds used should, of course, equal the sourcesof financing; the small discrepancies evident are due toinadequacies in the estimating materials.)

Unlike last year, when corporations were able to add to


8 SURVEY OF CURRENT BUSINESS September 1957

their normal sources of funds by liquidating some of theirU. S. securities, thus far in 1957 this source appears notto have been a significant factor, after allowing for seasonalinfluences. This may explain, in part at least, the increaseddependence of corporate firms on external sources in 1957.

Long-term financing in record volumeAs may be seen from the lower half of the corporate

financing chart, the amount of long-term funds raised bycorporate business in the first half of this year was greaterthan in either of the past 2 years of generally high and risinginvestment outlays. The major share of additional long-

term capital needs was derived from sales of new securities.The net inflow of funds from bond sales in the first 6

months of this year amounted to $8)2 billion, about $1 billionmore than in the comparable period last year. Funds realizedfrom net new stock issues in the 1957 period amounted to$2 billion, compared with a $1 billion realization in each ofthe half-yearly periods of 1955 and 1956.

Depreciation allowances have continued to mount, reach-ing an annual rate of about $18 billion in the first half of1957, $1% billion above a year ago. On the other hand,retained earnings, which are currently at an annual rate ofaround $8 billion for nonfinancial corporations, have tendeddownward over the past 2 years.

Postwar Industry Differences

THE INDUSTRY groups covered in tables 2-6 accountedfor over $293 billion, or 90 percent, of funds used by non-financial corporations in the past decade.1 Outlays on plantand equipment made up two-thirds of this total. It is ofinterest to note that, while the proportion of fixed capitalspending is large for all corporations, there is much varia-tion among the major industries, as shown in the chart.

At one extreme stand the public utility-communicationsgroup and the railroad industry, in which outlays on fixedfacilities account for practically all of capital requirements.Over the postwar decade, railroads used roughly $12 billionfor fixed facilities, but on a net basis used practically noadditional funds for working capital purposes. Workingcapital was of only slightly greater relative importance in therequirements of the utility and communications groups,accounting for less than one-tenth of the total.

At the other extreme is the corporate trade group, in whichfixed capital outlays of $15 billion accounted for only slightlymore than one-third of their total requirements. In thedistributive industries, financing of customer receivablesrequired almost as much as spending on fixed facilities, andinventory financing was of only slightly less importance.In the 10-year period, trade corporations also added to theirliquid assets to a somewhat greater degree than otherindustries.

While working capital requirements are of special im-portance in trade, it may be noted that the figures for thisindustry probably tend to understate, relative to otherindustries, the significance of spending on fixed facilities usedin distribution. This results from the fact that store andwarehouse facilities are frequently rented and, in such cases,expenditures for modernization and expansion are classifiedin other industries, notably in real estate.

Manufacturing corporations present a pattern intermediatebetween the utility groups and trade. Reflecting this, aswell as the fact that manufacturing accounted for roughlyhalf of all nonfinancial capital requirements in the postwarperiod, the financing pattern for manufacturers closelyresembles that for all industries.

1 It is not feasible at this time to construct a "sources and uses" account for the noncoveredgroups, either separately or in combination. One should not attempt to derive such an ac-count by deducting the covered groups from the aggregate shown in table 1. In the first place,real estate operators are not consistently covered in the sources and uses accounts, beingomitted altogether in the OBE-SEC plant and equipment figures incorporated in this study.This situation does not substantially affect the analysis of either the aggregate picture or theindustry detail presented in this article, but would seriously distort figures for the noncoveredindustries derived by residual computations. As a further consideration, such computationsmight also reflect errors in the estimates to a magnified degree.

Manufacturing and mining corporations7 plant and equip-ment outlays in the 1947-56 period amounted to over $110billion, or almost two-thirds of total capital requirements.An additional $29 billion, or 17 percent of the total, was usedto finance inventories, and $24 billion, or 14 percent, wasinvolved in financing customer receivables. As was thecase generally, additions to manufacturers' liquid assetswere extremely modest for the postwar period as a whole,accounting for less than $10 billion, or 5 percent of totaluses. It is to be recalled in this connection that as a resultof wartime developments corporations entered the postwarperiod in an extremely liquid position, which permitted avery considerable expansion of business without a corres-ponding need for drawing upon outside resources.

Industry sources of financingThree-fifths of all capital funds used by corporate business

in the postwar period has been derived from internal sources,i. e., retained earnings and depreciation allowances. Anadditional one-fifth has been raised in long-term markets,with debt issues predominating, while the remainder hasinvolved increases in short-term debt, principally accountspayable and bank debt.

The new data presented here show wide variations in thepattern of postwar financing among different industries. Forexample, table 2 shows that in the 1947-56 period railroadsdepended on internal sources for almost 80 percent of require-ments, with retention of earnings and depreciation allowanceseach contributing roughly equal amounts. Trade concernsalso depended more heavily than average on internalfinancing, which accounted for roughly two-thirds of totalfunds raised by these corporations. The role of internalfinancing in manufacturing and mining again was aboutthe same as for industry in the aggregate.

The regulated public utility and communications industrieswere least able to draw upon internal sources, which suppliedonly 30 percent of total requirements. Both depreciationallowances and profit retentions in these industries werebelow the all-industry average relationship, and particularlystriking was the small role played by reinvested earnings.The rates charged by these industries are regulated byGovernment bodies and they have not duplicated theearnings records of business as a whole. Both of theseindustry groups normally do not have large retained earningsand depend upon external sources for whatever financing isneeded in excess of depreciation allowances.


September 1957 SURVEY OF CURRENT BUSINESS 9

Public utility and communications companies raised over50 percent of their postwar requirements in the new securitiesmarkets, in contrast to proportions of less than one-fifth forall industries combined, one-tenth for manufacturing, min-ing, and nonrail transportation, 3 percent in the case of rail-roads and a negligible ratio in trade. Of the funds raisedin the new issues markets by the communications industry,two-thirds took the form of equities—practically the reverseof the experience for the utilities group which relied moreheavily on long-term borrowing.

In this context, it may be noted that in the original financ-ing transactions through which funds were raised by thecommunications group debt issues were used to a muchgreater extent than indicated by the one-third ratio justindicated. A large fraction of these debt issues, however,included conversion-to-stock features, which, when acted on,served to raise the amount of equity funds obtained.

Differences in investment program emphasis are broadlyreflected in the industrial use of short-term credit. Whereasonly 5 percent of total requirements of the utilities and rail-roads were covered by short-term debt in the 1947-56 dec-

ade, such borrowing accounted for a fourth of needs in thecase of trade corporations, for which additions to inventoriesand customer receivables are customarily important require-ments. The major part of short-term debt utilized in thetrade group takes the form of book credit extended by man-ufacturers and other suppliers of merchandise. This typeof credit, it may be added, has become increasingly importantin the recent period under the policy of restraint exercisedby the central bank authorities.

Bank loans do not loom especially large in the overallfinancing picture for most corporations, with the proportionof such loans to total requirements varying from less than2 percent in the communications industry to 8 percent intrade. Of course, as a proportion of total external financing,bank borrowing is much more important. Bank loans wereone-fourth of total external funds raised by trade concerns,and one-fifth or less of external requirements in industriesother than the utilities-communications groups. In thefinancing of the latter firms bank loan expansion accountedfor less than 5 percent of total outside funds obtained in thepostwar period.

Table 1.—Sources and Uses of Corporate Funds *


Increase in physical assets, total

Plant and equipment , _ _

Inventories (book value)

Increase in financial assets, total

ReceivablesConsumer _ _Other

Cash and U. S. Governmentsecurities

Cash (including deposits)U. S. Government securities-

Other assets

TOTAL USES

Internal sources, total

Retained profits 3

Depreciation

External long-term sources, total

Stocks

Bonds

Other debt

Short-term sources, total

Bank loans

Trade payables

Federal income tax liabilities

Other

TOTAL SOURCES

Discrepancy (uses less sources)-

1946

23.7

12. 5

11. 2

4 81. 13 7

-4. 71. 1

-5. 8

— . 6

23.2

11.4

7. 2

4. 2

4.2

1. 3

1. 1

1. 8

6. 3

2. 1

3. 7

-1. 6

2. 1

21.9

1.3

1947

24. 1

17. 0

7. 1

8.6

7 61. 46 2

1. 02. 2

-1. 2

(2)

32.7

16.6

11. 4

5. 2

6.3

1. 4

3. 0

1. 9

9.5

1. 4

4. 5

2. 1

1. 5

32.4

.3

1948

23.0

18. 8

4. 2

5.3

4. 11. 32. 8

1. 0.3.7

. 2

28.3

18.6

12. 4

6. 2

7.2

1. 2

4. 7

1. 3

3.2

. 5

1.3

1. 0

. 4

29.0

-.7

1949

12.7

16. 3

-3. 6

3.8

. 61. 5

— 9

3. 21. 22. 0

(2)

16.5

14.7

7. 6

7. 1

4.3

1. 6

3. 3

-. 6

-3.7

-1. 7

-. 3

-2. 2

. 5

15.3

1.2

1950

26.7

16. 9

9. 8

18. 6

13. 81. 8

12 0

4. 51. 62. 9

. 3

45.3

20.2

12. 4

7. 8

4.2

1. 7

2. 0

. 5

19. 1

2. 1

8. 8

7. 2

1. 0

43.5

1.8

1951

31.0

21. 6

9. 4

8.1

4. 7. 8

3 9

2. 81. 9. 9

. 6

39.1

18.1

9. 1

9. 0

7.8

2. 7

3. 6

1. 5

12.9

3. 9

2. 7

4. 4

1. 9

38.8

.3

1952

23.3

22. 4

. 9

6.7

5. 82. 23 6

. 1

. 8-.7

. 8

30. 1

16.8

6. 4

10. 4

9.4

3. 0

4. 9

1. 5

3.9

1. 6

2. 7

-2. 8

2. 4

30.1

(2)

1953

25.4

23. 9

1. 5

3.4

1. 11. 8

— . 7

2. 1. 4

1. 7

. 2

28.8

18. 3

6. 5

11. 8

7.6

2. 3

4. 8

. 5

2.9

— . 1

. 4

. 4

2. 2

28.9

i

1954

20.4

22. 4

-2. 0

(2)

1. 2. 7. 5

— 1. 0.8

-1. 8

— . 2

20.4

18.9

5. 4

13. 5

6.4

2. 1

3. 8

. 5

—4.9

— 1. 1

— 1. 1

-3. 0

. 3

20.4

(2)

1955

29.2

24. 2

5. 0

15.6

10. 33. 37 0

4. 7. 6

4. 1

. 6

44.8

24.0

8. 8

15. 2

8.7

2. 5

4. 5

1. 7

12.9

3. 0

5. 4

2.8

1. 7

45.6

-.8

1956

37.8

29. 9

7. 9

3.9

7. 61. 26. 4

-4. 0. 7

-4. 7

. 3

41.7

24.8

8. 1

16. 7

11.5

3. 0

5. 2

3. 3

5. 6

2. 2

2. 9

-1.5

2. 0

41.9

-. 2

1. Excluding banks and insurance companies.2. Less than $50 million.3. Including depletion.

437309°—57 2

Source: U. S. Department of Commerce, Office of Business Economics, based on Securitiesand Exchange Commission and other financial data.


10 SUEVEY OF CURRENT BUSINESS September 1957

Changes in industry financingThe cumulated data on capital funds as presented in table

2 serves to characterize financing by industry in the postwardecade as a whole. In the attempt to note major shiftswithin this period, table 6 presents data on industry financ-ing for the first and second halves of the postwar decade, aswell as for 1956 alone.

By way of background, it may be observed from table 1that corporate requirements have been exceptionally highin recent years. Funds used in 1955, 1956 and, as far ascan now be determined, in 1957 have been in record ornear-record volume, approached or exceeded on an annualrate basis only in 1950 when inventory and other workingcapital requirements were sharply expanded following theoutbreak of Korean hostilities.

Throughout the postwar period, outlays for plant andequipment were almost continuously expanded, the onlymajor exceptions occurring during 1949 and 1954. On theother hand, rather pronounced swings took place in workingcapital requirements. Note, for example, the $28 billionincrease in current assets in 1950, in contrast to the neglig-ible advance in 1949 and the $2 billion reduction in 1954.

The fairly steady climb in fixed capital outlays and thevariable working capital requirements over the postwarperiod tend to dominate the differential changes in indus-trial patterns of capital uses. That is, those industries inwhich working capital needs are important show widelyvarying use patterns—notably in manufacturing and trade.Where working capital requirements were relatively low,

Table 2.—Sources and Uses of Corporate Funds by Industry,Cumulative Totals, 1947-56


TOTAL USES

Plant and equipment

Increase in inventories(book value)

Increase in other assets:ReceivablesLiquid assets J_ _ _Other

TOTAL SOURCES,

Retained profits 2

Depreciation

Stock issues _ _

Long-term debt 4

Short-term debt 5

Other sources 6 __

Discrepancy (usesless sources)

Manufac-turing and

mining

173. 3

109 9

29 0

23. 69. 61. 3

175.5

58. 0

52. 2

3. 2

24 6

24. 5

13. 0

-2. 2

Rail-roads

11.7

11. 7

, 1

. 2— , 2— . l

11.3

4. 3

5. 0

-. 2

1. 4

. 5

. 3

. 4

Transpor-tationother

than rail

12.5

11 1

. 1

. 7

. 51

11.7

1. 4

6. 2

(3)

2 1

1. 1

. 9

. 8

Publicutilities andcommuni-

cations

55. 9

52 0

1 0

1 61. 2

1

52.5

1 9

14. 5

13. 6

17 7

3 4

1. 4

3. 4

Trade

39.3

14 6

9 5

12 42 4

4

40.9

16 1

10 6

(3)

2 4

9 6

2. 2

— 1. 6

1. Includes cash and deposits and U. S. Government securities.2. Including depletion.3. Less than $50 million.4. Includes bonded debt, long-term bank loans, mortgages, and other long-term debt.5. Includes short-term bank loans, trade payables, and Federal income tax liabilities.6. Includes miscellaneous current liabilities and income from foreign sources.Source: U. S. Department of Commerce, Office of Business Economics, based on Securities

and Exchange Commission and other financial data.

Postwar Financing of CorporationsPercent Distribution of Uses and Sources ofFunds by Industry, 1947-56

USES OF FUNDSPERCENT100

75

50

25

Increase inReceivablesa Misc. Assets

Additions toInventory

Plant aEquipmentExpenditures

100

75 -

50 -

25 -

SOURCES OF FUNDS

EXTERNAL:

ALL MANU- TRANS- PUBLIC TRADEINDUSTRIES FACTUR- PORTA- UTILITIES

ING 8 TION a COM MUNI I-MINING CATIONS

Data: QBE based on SEC a other financial data

U.S. Department of Commerce, Office of Business Economics 57 "cOÔ

as in the broad utilities groups, the tendency toward greaterstability in this regard was clearly evident.

Whereas total funds used in the second half of the postwardecade were only slightly higher than in the first half, de-mands for funds by the utility and communications com-panies were increased by roughly one-half. On the otherhand, trade corporations required one-third less capital


September 1957 SUEVEY OF CUERENT BUSINESS 11

funds in the second half of the decade. This was due al-most entirely to the reduced need for inventory expansionfollowing the major rebuilding of stocks in the early post-war years and the exceptional accumulation of the Koreanperiod.

While manufacturing corporations used about equal sumsin each 5-year period, in most respects their changing re-quirements resembled that of distributive industries, withneeds for inventory expansion cut sharply in the secondpart of the decade.

There was one striking difference which set the manufac-turing industry apart from all other groups. With the rathersharp reduction in liquid assets in 1956, manufacturers'total holdings of these assets at the end of that year weremoderately lower than 5 years previously. This was incontrast to a quite sizable accumulation in the preceding5-year period. For most other industry groups, there waslittle difference between the relatively small additions toliquid assets in the two intervals.

Shifts in financing

Throughout most of the postwar period, internal financingprovided the major, and indeed growing, share of financingfor most of industry. It is of interest to note that in publicutilities, nonrail transportation, and railroads the 1956proportion of internal funds exceeded the average for thepreceding 5 years. On the other hand, reductions in theinternal share of financing used in manufacturing and tradebrought the 1956 experience into line with the average forthe decade.

Table 3.—Percent Distribution of Sources and Uses of CorporateFunds by Industry, Cumulative Totals, 1947—56

Table 4.—Sources and Uses of Corporate Funds by Industry, 1956


TOTAL USES

Plant and equipment-


Increase in other assets:ReceivablesLiquid assets l _Other

TOTAL SOURCES.

Retained profits 3

Depreciation _

Stock issues

Long-term debt 4

Short-term debt 5

Other sources 6


Manufac-turing and

mining

100

63

17

1451

101

34

30

2

14

14

7

-1

Rail-roads

100

100

1

2-2

^97

37

43

— 2

12

4

3

3


than rail

100

89

1

541

94

11

50

(2)

17

9

7

6


cations

100

93

2

32

(2)

94

3

26

24

32

6

3

6

Trade

100

37

24

3261

104

41

27

(2)

6

24

6

-4

TOTAL USES

Plant and equipment-


Increase in other assets:Receivables _ _Liquid assets 2

Other

TOTAL SOURCES.

Retained profits 3

Depreciation

Stock issues

Long-term debt 4

Short-term debt 5 _ _

Other sources 6


Manufac-turing and

mining

22.5

15. 7

6. 6

3. 7— 3. 6

. i

23.3

5. 6

8. 7

. 2

4. 2

2. 3

2. 3

— . 8

Rail-roads

1.0

1 2

. l

0)— . 3

f1)

1.0

4

. 5

. 1

(i)

(i)

(i)

(i)


than rail

1.5

1. 4

0)

. 2— . 1(i)

1.3

1

. 9

0)

. i

. i

. i

. 2


cations

7.7

7 4

3

2— 2m

7.4

3

2 5

2 0

2. 0

. 2

. 4

. 3

Trade

4. 3

1 9

5

1 531

4.4

1 2

1 7

f1)

. 3

. 8

. 4

_. l

Note: Percentages are based on unrounded data.1. Includes cash and deposits and U. S. Government securities.2. Less than 0.5 of one percent.3. Including depletion.4. Includes bonded debt, long-term bank loans, morgages, and other long-term debt.5. Includes short-term bank loans, trade payables, and Federal income tax liabilities.6. Includes miscellaneous current liabilities and income from foreign sources.Source: U. S. Department of Commerce, Office of Business Economics, based on Securities


1. Less than $50 million.2. Includes cash and deposits and U. S. Government securities.3. Including depletion.4. Includes bonded debt, long-term bank loans, mortgages, and other long-term debt.5. Includes short-term bank loans, trade payables, and Federal income tax liabilities.6. Includes miscellaneous current liabilities and income from foreign sources.Source: U. S. Department of Commerce, Office of Business Economics, based on Securities


A fairly heavy use of internal funds in the more recent5-year period occurred despite the lessened relative impor-tance of retained earnings. Only in the case of railroadswas the share of retained earnings increased from the firstto the second 5-year period.

Declining share of retained earnings

The wide industrial divergence in the relative importanceof retaining earnings in corporate financing and the generallydeclining postwar trend in its contribution to total needscall for additional comment. Attention has already beendrawn to the relatively small amounts of funds availablefrom earnings in the regulated utility-communications group.The ratio of dividends to earnings amounted to nearly 90percent for the utilities, and to 80 percent for communica-tions. In contrast, trade concerns paid out about one-thirdof postwar earnings, manufacturers' dividends accounted for45 percent of after-tax profits, and in the transportationindustries the ratio ranged around the postwar average ofclose to 50 percent for all industries combined.

The tendency noted above toward a reduced relativeimportance of retained earnings in most industries7 financingreflects in considerable degree a gradual move away fromlow dividend payment ratios. These stemmed from war-induced developments and were also in part a legacy offinancial troubles in the thirties, as most corporate executivescarried over at least into the early postwar years a determina-tion to establish comfortable equity cushions. The almost


12 SUEVEY OF CUKEENT BUSINESS September 1957

Table 5.—Percent Distribution of Sources and Uses of CorporateFunds for 1956

TOTAL USES

Plant and equipment

Increase in inventories(book value).

Increase in other assets:ReceivablesLiquid assets 1

Other

TOTAL SOURCES.

Retained profits 3 __ _ _

Depreciation

Stock issues

Long-term debt 4

Short-term debt 5

Other sources 6

Discrepancy-

Manufac-turing and

mining

100

70

29

17— 16(2)

104

25

39

1

19

10

10

— 4

Rail-roads

100

121

7

5— 33

(2)

101

42

54

6

3

— 3

-1

— 1


than rail

100

96

2

11— 5— 4

90

10

58

1

9

6

6

10


cations

100

96

4

3— 3

(2)

96

4

32

26

26

3

5

4

Trade

100

45

13

3651

102

28

39

— 1

7

20

9

— 2

Note: Percentages are based on unrounded data.1. Includes cash and deposits and U. S. Government securities.2. Less than 0.5 of 1 percent.3. Including depletion.4. Includes bonded debt, long-term bank loans, mortgages, and other long-term debt.5. Includes short-term bank loans, trade payables, and Federal income tax liabilities.6. Includes miscellaneous current liabilities and income from foreign sources.Source: U. S. Department of Commerce, Office of Business Economics, based on Securities


continuous prosperity of the past decade and its concurrentrebuilding of plant and equipment slowly brought a higherpay-out to stockholders. Even at the present time, how-ever, the dividend-earnings ratios of most industries, otherthan the utilities, remain conservative in historical per-spective. It should be noted that these relatively low post-war dividend payments have permitted a substantial buildupof equity funds, tending to offset in part the impact on cor-porate financial structures which was involved in the rapidupsurge of postwar borrowing.

The rise in depreciation

The rapid postwar rise in depreciation allowances whichwas general throughout industry reflects both basic factorsand special influences related to tax law changes. Depre-ciation allowances were fairly low at the start of the postwarperiod. As the record-breaking postwar spending programproceeded—generally speaking, involving greatly expandedphysical capacity purchased at rising costs—the depreciableasset base and depreciation allowances were steadily in-creased.

The rapid amortization provisions of the 1950 revenuelaw gave a special impetus to depreciation allowances.This was concentrated in the heavy goods manufacturingindustries, public utilities, and railroads, where the defense-related expansions predominated. The excess of theseaccelerated allowances (now at or close to their peak) overthe amounts determined by permitted alternative methods

of computation accounted for roughly $2 billion, or overone-eighth of total depreciation in 1956. With the peakeffect of this program already reached, this stimulus to risingallowances will be replaced over the next several years by adeceleration impact as facilities operating under the programbecome fully amortized.

This particular and changing influence on depreciationfunds is currently being largely offset by the generallyapplicable provisions of the 1954 law, which permits thecharging off of new capital assets at a substantially morerapid rate than was generally allowed under prior provisions.The allowances claimed under the 1954 provisions amountedto somewhat less than $1 billion in that year; they areestimated to have been in excess of $3 billion in 1956. Of themore than $2 billion rise in 1955 and 1956, about half repre-sents the increment over depreciation computed on a straightline basis.

The influence of these newer allowances will continue tobe felt for some time as older—pre-1954—assets wear out

Table 6.—Percent Distribution of Corporate Sources of Funds,1947-51, 1952-56 and 1956

Internal financing:1947-511952-561956

Retained earnings:1947-51 _1952-561956

Depreciation:1947-51 _1952-561956

External financing:1947-511952-561956 _ _ _ _ _

Stocks:1947-51 _ _ _ _ _1952-561956

Bonds:1947-511952-56 _1956

Bank loans:1947-511952-56 _1956

Trade payables:1947-511952-56 _ _ .1956

Other:2

1947-511952-561956

Manufac-turing and

mining

617267

413228

204039

392833

211

6109

104

15

6109

153i

Rail-roads

699196

314342

384854

3194

0)-4

6

83

-2

855

412

114<7

Transpor-tation

other thanrail

606268

159

10

455358

403832

C1)C1)

121311

9i-1

1166

82015

Publicutilities

andCommu-nications

253236

334

222932

756864

212725

362724

435

312

11108

Trade

647467

473228

174239

362633

0)C1) 1

1C1)(^

7119

222115

6-6

8

Note: Percentages are based on unrounded data.1. Less than 0.5 of 1 percent.2. Includes mortgage loans, Federal income tax liabilities, income from foreign sources,

and the statistical discrepancy.Source: U. S. Department of Commerce, Office of Business Economics, based on Securities



September 1957 SUEVEY OF CUEEENT BUSINESS 13

and are replaced by new assets eligible for faster write-offs.The phasing and quantification of the impact of this influencecannot, however, be determined at this time.

Industry trends in external financing

Among the nonfmancial corporations, the new issuesmarkets are dominated by three industry groups: communi-cations, utilities, and the larger manufacturing concerns.All three maintained their relative use of these marketsthroughout the postwar period, as based on totals for thehalf-decade intervals. There were, however, several inter-esting variations not revealed by these 5-year averages.

Manufacturers were fairly heavy users of the new issuesmarket during the early postwar years, with total issues inthe 1947-48 period approximating $1.8 billion a year. Inthe letup of capital requirements of 1949 and 1950, manu-facturers practically withdrew from these markets, only tore-enter on a large scale as financing pressures grew underthe impact of Korean developments. Subsequently, manu-facturers reduced their dependence on external financinguntil the resurgence in the 1955-57 period. It was only inthis recent period that new issues exceeded those of the earlyyears, and they are still less important than in 1952.

The volatility of new-issues demands by manufacturers isin sharp contrast to the rather steady expansion by gas andelectric utility concerns. Throughout the postwar decade,new debt issues by these utilities have ranged around $1%billion a year and their stock issues have brought in aboutthree-quarter billion dollars a year.

With the exception of 1947-48, new debt issues of the com-munications groups have moved within a range of from asmall net liquidation in 1950 to increases of about $400 mil-lion in the last 2 years. Stock issues, on the other hand,have yielded a net inflow of $1 billion a year since 1954, incontrast to a net inflow of less than half that seen in the earlypostwar years.

Short-term credit changes

Because of the extremely volatile nature of short-termcredit demands, it is not feasible to attempt any generaliza-tion as to postwar trends on an industry basis. Extension ofbook credit by manufacturers has varied substantially fromyear-to-year during periods of business expansion. In therecession of 1948-49 some liquidation of these accountsoccurred, but since that time the movement has been gen-erally upward. The pattern was equally erratic in the tradegroup.

Bank borrowing has been almost continuously upwardthroughout this postwar period except in 1949 and 1954.The recent use of bank credit has been exceeded in thepostwar decade only during the Korean period.

CURRENT FINANCIAL POSITION

Practically all established businesses entered the post-war period in an extremely liquid position, and this hasbeen a prime factor in facilitating business expansion. Cashand near-cash resources had been accumulated as a result offinancial conditions in the war years, including the restric-tions on investment. A substantial volume of debt wasliquidated during the war, and much of the remaining in-debtedness was subsequently refinanced on the extremelyfavorable terms prevailing in the early postwar years.

With the greater part of war-induced excess liquidityeliminated by the early fifties, the removal of the peg oncosts of long-term borrowing in 1951, and the steady andgeneral advance of business indebtedness, the financial posi-tion of most business firms has altered.

Industrial liquidity patternsMost of the industry groups studied appear to have reached

a liquidity position by 1951 or 1952 which they maintained in

Corporate Interest Payments as aPercent of Income*

PERCENT

40

30

20

10

120

100

80

60

40

20

50

40

30

20

10

All Industries

RAILROADS

PUBLIC UTILITIES ANDCOMMUNICATIONS

40

30

20

I 0

60

50

40

30

20

10

50

MANUFACTURINGAND MINING

TRANSPORTATIONOTHER THAN RAIL,

10

TRADE

1929 39 46 56 1929 39 46 56

^Profits before tax plus interest, nonfinancial corporations

U. S. Department of Commerce, Office of Business Economics 67 - 29 •?


14 SUEVEY OF CUEEENT BUSINESS September 1957

rather stable fashion through 1955. The principal excep-tions to this pattern were the communications group, inwhich the ratio of liquid assets to sales improved through1955, and the public utility group, where a further declinewas noted through 1956.

Corporate Financing Costs

PERCENT

EARNINGS-PRICE RATIO(COMMON STOCKS)

Dl VIDEND - PRICE RA TIO(COMMON STOCKS)

1920-29 1947-56 Jan.rJune 1957

AVERAGE FOR EACH PERIOD

Data: QBE based on Moody's 8 Cowles Commission

(J. & Department of Commerce, Office of Business Economics 57 - 25 -6

The 1956 reduction in liquid assets, which was generalthroughout industry, brought the ratios of these assets tosales to the lowest point of the postwar period in manufactur-ing, nonrail transportation and public utilities. However,even in these industries, the recent liquidity positions werenot exceptionally low in historical perspective. On the otherhand, it would appear that many industrial concerns are no

longer in a position in which owned liquid resources can beused extensively to meet investment needs.

Debt servicing charges relatively lowAs in the case of the private economy in general, corporate

business has financed a major share of its postwar expansionprogram from use of borrowed funds. Over most of the pastdecade, the use of such funds was fostered by exceptionallylow borrowing costs. As may be seen from the chart onthis page, the postwar average cost of borrowed funds waslow not only in relation to equity financing costs as repre-sented either by the earnings-price ratio or dividend yieldon common stocks, but also well below interest costs in earlierperiods of high level business activity. It should be noted,moreover, that allowance for the greatly increased Federaltax rates over this period would further widen the spreadbetween the relative costs of debt and equity financing.

The spread between debt and equity costs has narrowedin the most recent period, both as a result of declines inequity yields and increases in interest rates. It will be seenfrom the chart that the cost pattern is very similar to that ofthe average for the 1920 decade. Interest rates are stillbelow this prewar average, and so are equity costs as meas-ured either by the earnings-price ratio or dividend yields.

Current bond yields on seasoned securities (such as con-stitute the basis for the figures in the chart) are still some-what below dividend yields, the reverse of the experience inthe twenties. In this context, however, it should be notedthat yields on new debt issues in early 1957 were sub-stantially—in some cases, almost one percentage point—inexcess of yields on seasoned issues.

Though interest costs have risen in the recent period, theburden of corporate indebtedness as measured in terms ofinterest payments as a proportion of funds available forservicing these costs (profits before taxes and interest) isstill relatively low. (See the chart on page 13.)

Several features of the industry patterns of these ratiosare noteworthy. First is the relatively small proportion ofinterest to income in manufacturing. Interest accounts forroughly 5 percent of manufacturers7 income (before deductinginterest) at the present time, whereas the comparable ratioat the opposite extreme is 40 percent in the case of railroads.

Second, it may be noted that while most industry groupswitnessed a postwar rise in the ratio of interest to income,there was actually very little net change in evidence in thebroad utility grouping shown in the chart.

Finally, it should be cautioned that the charted datarefer for the most part to periods of substantial prosperity.In the past the interest burden has proved to be quite volatileas a result of the residual nature of corporate income, whichis especially sensitive to demand or cost fluctuations.


by Walther Lederer

High Foreign Sales and InvestmentsFeature Second Quarter Balance of Payments

IHE INTERNATIONAL trade of the United Statescontinues as a strong element in the domestic economy,although a temporary peak in merchandise exports reachedearly in 1957 during the height of the Suez Crisis seems tohave been passed.

Exports of goods and services rose to a seasonally adjustedannual rate of $27 billion in the second quarter of this year,an increase of about $3.5 billion over last year.

With the rise in incomes and production in the UnitedStates the higher demand for goods and services producedabroad lifted imports in the second quarter to $20.5 billionat seasonally adjusted annual rates. In contrast to exports,however, the rise slowed down in the past year, with theincrease over the second quarter of 1956 amounting to lessthan $1 billion.

The short-lived hostilities in the Middle East and thetemporary closure of the Suez Canal reinforced certain otherdevelopments which shifted the balance in all our foreigntransactions (as measured by our purchases or sales of goldand the movement of liquid dollar assets held by foreigncountries) from net payments averaging about $400 millionper quarter during the first 9 months of 1956 to net receiptsof about $300 million during the last quarter of 1956, andfurther to $520 million during the first quarter of 1957.Although the developments underlying these changes con-tributed significantly to the rise in sales of domesticallyproduced goods, the shift from an accumulation to liquida-tion of foreign reserves also added to inflationary pressuresin this country.

Foreign losses reducedIn the second quarter of 1957 the balance oil our foreign

transactions changed back again to net United States pay-ments of about $70 million. Since these changes are in partseasonal, however, the quoted figures overstate the swings,but because of the unusual circumstances prevailing it ismore difficult now, than usually is the case, to separate theseasonal from other influences.

An nearly as can be calculated from seasonally adjustingthe various items of the balance of payments, the balanceshifted from net payments by the United States averagingabout $350 million during the first three quarters, to netreceipts of $70 million in the final quarter of 1956, and to$530 million in the initial quarter of 1957. During thesecond quarter there was a sharp drop in net receipts by theUnited States to about $100 million.

Further adjustments need to be made to allow for pay-ments of about $300 million to Venezuela for oil explorationrights, including such payments by a foreign company fromloans obtained in the United States. Without these pay-ments which were fully reflected in the dollar assets ofVenezuela, foreign countries appear to have lost about $400

NOTE—MR LEDERER IS CHIEF OF THE BALANCE OF PAYMENTS DI-VISION, OFFICE OF BUSINESS ECONOMICS.

million during the second quarter after allowing for seasonalfactors. This loss was still rather large, though not quite sosevere as in the preceding quarter when it amounted to $600million (again after allowing for the special payments toVenezuela during that period). About $100 million of thisimprovement may be attributed to smaller oil shipmentsrequired from the United States.

Net United States receipts from unidentified transactionsalso declined after seasonal adjustment by a significantamount (about $170 million). This probably reflects a sub-stantial diminution of unrecorded capital flows to the UnitedStates. The rise in net receipts from unidentified trans-actions was one of the major factors in the shift from anincrease to a decline in foreign gold and dollar assets follow-ing the start of the Suez crisis. The decline during thesecond quarter may, correspondingly, be considered an indica-tion of the dissipation of the immediate effects of the crisis.

Certain other developments, however, increased the netdollar demand on foreign countries in the second quarteraside from seasonal changes. These included a rise in UnitedStates income on foreign investments and a small decline inUnited States merchandise imports (after deducting about$100 million of silver received from India and Pakistan inpayment of a lend-lease loan during and immediately fol-lowing World War II).

The less adverse balance of payments position of theforeign countries as a whole with the United States duringthe second quarter can also be appraised by the use ofcertain monthly data.

The movement in foreign gold and liquid dollar assetsthrough transactions with the United States changed from

Table 1.—United States Balance of Payments Seasonally Adjusted(Excluding Military Grant-Aid) By Quarters 1956 and First andSecond Quarters 1957

[Millions of dollars]

United States payments, totalImports total

Merchandise _ _ _ _ _ _Services

Remittances and pensions - _ -Government grants and related capital

movements _ - _ . _ _United States private and other Govern-

ment capital movementsUnited States receipts, total - _

Exports totalMerchandiseServices

Foreign long-term investments in theUnited States

Errors and omissions (net receipts)Increase in foreign gold and liquid dollar

assets through transactions with the UnitedStates - -

1

6,1074 9343,1681,766

149

596

4285,5175 3923,9031,489

12554

536

19

II

6,0974,8563,0971, 759

156

618

4675,9685,8114,2201,591

15753

76

56

III

6,8124,9953,2701,725

176

688

9536,1966,0494,4631,586

147162

454

IV

6,7325 0253,2561,769

156

633

9186,3796,2664,7351,531

113423

—70

19

I

6,7085,0543,2101,844

192

740

7226,8636,6935,0351,658

170371

— 526

57

11

6,9695 0943,2501,844

173

750

9526,8656,7474,9401,807

118205

—101

Source: U. S. Department of Commerce, Office of Business Economics.

15


16 SURVEY OF CURRENT BUSINESS September 11)57

a decline of $43 million in April to a rise of $8 million in Mayand of $103 million in June. These amounts include about$100 million deposited by Germany with the United StatesGovernment for the purchase of military equipment. Evenomitting the large increase in dollar holdings by Venezuela,the balance of the rest of the world with the United Stateschanged from a foreign loss of gold and dollars of about $150million in April to about $90 million in June.

Merchandise exports passed peak

Merchandise exports (excluding military items), beforeadjustment for seasonal variations, increased from the firstquarter by about $50 million. Because exports were affectedby many unusual conditions, it is difficult to adjust them forseasonal variations. But it is clear that seasonally adjustedexports at least did not rise. The figures shown in table 1reflect approximately the middle of the range for varioustypes of adjustment. It thus appears that merchandiseexports, which had risen almost without interruption sincethe first quarter of 1954, reached a peak during the firstquarter of this year.

Compared with the corresponding period of last year,nonrnilitary exports during the second quarter of this yearare up b}^ about $725 million, or about 16 percent. The 3}4percent rise in export prices accounts for about $170 millionof this increase. (However, export prices declined diningthe second quarter from the peak reached in the first.)

About $100 million of the aggregate increase consisted ofagricultural products. Cotton exports were up in value bymore than $100 million, but exports of foodstuffs weresomewhat smaller.

Crude and semimanufactured materials comprised about$420 million of the rise in exports from the second quarter oflast year (including a $100 million rise in petroleum). Fin-ished manufactures (excluding military items), mainlymachinery, accounted for about $300 million.

Mixed trends in imports

Merchandise imports (excluding the silver received fromIndia and Pakistan) dropped slightly from the first quarter,both before and after seasonal adjustment. The drop wasmore than accounted for by the decline in imports of coffeefollowing rather high imports during the second half of lastyear. Other imports, according to unadjusted data reacheda new peak during the second quarter. The rise in season-ally adjusted imports other than coffee, however, was notsufficient to compensate for the decline during the previousquarter, suggesting that imports remained below the previ-ous peak which was reached in the fourth quarter of lastyear.

Compared with the second quarter of 1956 total importsincreased by about $60 million, or about 2 percent. Omit-ting imports of foodstuffs—which declined in value—therise was about 5 percent, nearly the same rate as the rise inthe gross national product.

The increase over last year was mainly in manufacturedgoods, particularly automobiles, imports of which more thandoubled, and in nonagricultural machinery, which rose invalue by about 25 percent. Imports of textiles remainedunchanged from last year.

Among the crude materials and semimanufactures, im-ports of petroleum, iron ore, iron and steel mill products,aluminum, nickel and zinc increased over last year, but theimports of other major raw materials were smaller.

The increase in tourist expenditures was slightly more thanseasonal, and thus made up for some of the unusual declineearlier this year.

Outflow of Government funds up

Military expenditures which increased sharply during thefirst quarter of the year remained high during the secondquarter. Payments under offshore procurement contractswere responsible for most of the rise.

Government nonmilitary grants rose over the first quarterby $100 million, of which $50 million represents an increasein the use of foreign currencies acquired through the sale ofagricultural commodities. Most of the $100 million rise ingrants accrued to various countries in the Far East, partic-ularly Korea and Vietnam. Government acquisitions offoreign currencies through sales of agricultural productsincreased from $385 million in the first quarter of this year toapproximately $440 million in the second. These transac-tions thus comprised about 30 percent of our agriculturalexports during the first quarter and nearly 40 percent duringthe second. In addition, agricultural products were exportedunder other Government aid programs, both grants andloans.

Private investments reach new record

The net outflow of private U. S. capital in the secondquarter reached $1.4 billion—more than in any previousquarter. Only partially was the rise in direct investmentsdue to seasonal factors. More important were the pur-chases of new concessions for oil explorations in Venezuela,which rose from about $75 million in the first quarter toabout $250 million. In addition, large bank loans weremade to a foreign company for similar investments. Thecapital outflow to Canada was increased through new issuesof securities by major companies with large American inter-ests, and by local governments. Although these two coun-tries accounted for a large part in the outflow of privatecapital, investments increased in other countries as well.The outflow of short-term capital, which was comparativelyhigh during the first quarter, declined however.

Area Breakdown

The changes from last year in the overall balance of pay-ments reflect larger but to some extent offsetting transac-tions with individual areas.

Western Europe

Recorded United States payments to continental WesternEurope during the second quarter of 1957 were about $1,650million, nearly $90 million higher than during the corre-sponding period of last year. United States receipts, whilestill smaller than payments, increased about $180 million.The net payments by the United States therefore declinedfrom about $140 million to about $50 million. Although thecountries in that area had a somewhat larger decline in theirsurplus with the United States than foreign countries as awhole, the change from last year was, nevertheless, not largein comparison with the magnitude of total transactions.

Merchandise imports from continental Western Europe in-creased $70 million or nearly 14 percent over the secondquarter of last year. This rate of increase thus far exceededthe 2 percent rate of increase for merchandise imports as awhole, or the rate at which total incomes and the gross out-put of the United States expanded. Nearly half of the in-crease in imports came from Germany, and a very largeamount from Turkey.

Military expenditures were $27 million less than a yearearlier. The decline was somewhat larger for France alone,but expenditures in Germany increased.


September 1957 SURVEY OF CURRENT BUSINESS 17

The outflow of funds through Government rionmilitarygrants and capital also declined slightly, but capital trans-actions comprised a larger share of the total as increasedamounts of foreign currencies were acquired through thesale of agricultural products

Private United States investments in continental Europeduring the second quarter of 1957 were considerably higherthan a year earlier. However, at that time direct invest-ments were exceptionally low, and the net capital outflow forsuch investments during the second quarter of this year wasapproximately at the same rate as for last year as a whole.

Merchandise exports to continental Western Europe de-clined about $140 million from the first quarter of this year,but were still about $160 million or 14 percent higher thanin the second quarter of last year. The decline in exportsfrom the first quarter reflects the return to more normal traderelations since the opening of the Suez Canal. The rise overlast year was due in part to the continuation of extraordi-nary oil shipments into the early part of the quarter, and inpart to higher exports of coal. In part, however, it alsoreflects the increased requirements for certain raw materials,especially cotton, resulting to some extent from the desirefor higher inventories but mainly from the continued rise inindustrial production and incomes in that area.

About $100 million of the rise in exports from the secondquarter of last year to the second quarter of this year wastaken by Germany and Italy. The remainder was dis-tributed among several countries in that area.

Transactions with the United Kingdom resulted in anincrease in net payments by the United States from about$70 million in the first quarter to about $160 million in thesecond. The increase in payments over the first quarterwas partly due to the seasonal rise in tourist expenditures,and partly to a higher outflow of capital some of which wasreinvested outside of the United Kingdom. Purchases bythe United Kingdom in the United States declined sub-stantially from the first quarter as oil supplies from theMiddle East became available again, but the second-quarterbalance of payments figures still reflected some of the effectsof the Suez crisis.

CanadaTransactions with Canada during the second quarter were

not materially different from those a year earlier, except for asubstantially higher outflow of United States capital and asomewhat higher income on investments. Exports seem tohave leveled off. During the second quarter they wereabout $20 million higher than a year earlier, while duringthe first quarter the increase over the corresponding perioda year ago was $50 million. The same tendency may benoticed in imports. The capital outflow during the secondquarter included financing for several major projects, includ-ing the production of aluminum, oil and gas pipelines, oilproducing, and mining facilities.

Latin AmericaPayments by Latin America to the United States increased

considerably more from the second quarter of 1956 to thecorresponding period in 1957 than United States payments toLatin America, omitting the purchases of oil concessions fromVenezuela. Imports of goods and services did not changefrom a year ago, and from countries other than Venezuelawere $70 million smaller. The outflow of United Statescapital through direct investments rose by about $300 millionof which about $175 million may be accounted for by thepurchases of new oil concessions. On the other hand, the

437309°—57 3

net outflow of short-term capital which continued throughmost of 1956 and the first months of 1957 stopped during thesecond quarter of this year.

United States exports of goods increased over the secondquarter of 1956 by about $220 million, and excluding Vene-zuela by about $140 million. In addition, income fromUnited States investments and other service transactionsalso increased. Besides Venezuela, which increased itsdollar holdings during the second quarter by about $400million, there were also gains by Cuba, El Salvador, andColombia, partly as a result of seasonal factors in their trade.However, Brazil, Mexico, and Argentina (omitting the fundsobtained from the International Monetary Fund) hadsizable losses. The losses by Mexico, which may have beenin part seasonal, followed a long period of sharply risingreserves. The losses of Argentina and Brazil, however,further reduced the reserves which were already small incomparison to the trade of those countries.

Other countriesThe balance of payments between the United States and

the independent countries of Asia, Africa, and Oceaniaduring the second quarter of 1957 resulted in net payments bythe United States of about $130 million. This was somewhathigher than during the first quarter when net payments were$50 million. The change was due, however, largely to a risein the outflow of short- and medium-term capital, a large partof which went to Japan. Compared with the second quarterof last year net payments had declined by about $150 million.

The change from the second quarter of 1956 resulted from arise in our exports, which was only partly offset by a higheroutflow of private and Government capital and nonmilitarygrants, while our imports remained virtually unchanged(omitting the repayment of silver which appears in thebalance of payments as an import offset by a return flow ofGovernment capital).

Much of the change in the balance in our transactions withthis area may be attributed to Japan, which increased itsdollar assets by about $80 million during the second quarterof 1956 but lost about $240 million during the correspondingperiod this year, in addition to the rise in its short-term debts.

SummaryThe second quarter balance of payments was still—

although to a diminishing extent—under the influence o theSuez crisis, and certain other temporary influences includingexceptionally large shipments of cotton. It also reflected,however, a large rise in demand by many countries, particu-larly in Latin America and Asia, which exceeded their currentforeign exchange income and led to sizable reductions inreserves. The rise in demand in many of these countriesis associated with the rapid expansion in their economiespartially financed through inflationary processes. The lossesin their reserves indicate, however, that their current rate ofpurchases has to be curtailed, unless their foreign exchangereceipts are substantially increased. Measures to curtailimports have already been taken by several countries, in-cluding France, Japan, and India. These measures may alsobe expected to affect our exports.

We may not, therefore, expect our foreign transactions togive the same stimulation to the domestic economy whichthey did earlier in the year. The fillip in our exports, andmore importantly the larger picture of world wide politicaland economic developments of which these temporarily ex-panded sales were a manifestation, resulted in some weaken-ing of the economic position of some of our importantcustomers.


18 SUKVEY OF CURRENT BUSINESS September 1957

Table 2.—Balance of Payments of the United States,[Millions of dollars]

Line

1

2

3

4

56

78

9

101112

13

14

1516

171819

2021

22

23

24

25

26

272829

30

31

3233343536

37

383940

41

42

43

44

45

46

47

48

Exports of goods and services, total

Military supplies and services transferredunder grants, net.1

Goods and services, excluding militarytransferred under grants, total.

Merchandise, adjusted, excludingmilitary.

TransportationTravel

Miscellaneous services:PrivateGovernment, excluding mili-

tary.Military transactionsIncome on investments:

Direct investmentsOther privateGovernment

Imports of goods and services, total

Merchandise, adjusted, excluding mili-tary.

TransportationTravelMiscellaneous services:

PrivateGovernment, excluding military...

Military expendituresIncome on investments:

PrivateGovernment

Balance on goods and services:Total

Excluding military supplies and servicestransferred under grants.

Unilateral transfers, net [to foreign coun-tries (-)]:

Total

Excluding military supplies and serv-ices.

Private remittancesGovernment:

Military supplies and services l

Pensions and other transfers

U. S. capital, net [outflow of funds (— )],total.

Private, net, total

Direct investmentsNew issuesRedemptionsOther long-term, netShort-term, net

Government, net. total- .

Long-term capital, outflowRepaymentsShort-term net

Foreign capital, net [outflow of funds ( — )],total.

i Direct and long-term portfolio invest-j merits other than U. S. Government.1 securities.

Transactions in long-term U. S. Gov-ernment securities.

Short-term liabilities to foreign banksand official institutions reported bvU. S. banks.

Other short-term liabilities

Foreign capital and gold, total

Errors and omissions and transfers offunds between foreign areas [receiptsby foreign areas ( — )], net.

All areas

1956

I

6,005

658

5,347

3, 954

362139

22930

34

4846748

4, 855

3, 254

326201

12157

742

12034

1,150

492

-1,225

-567

-124

-658-416

— 27

-550

-417

-10381

— 111

-133

— 10986

-110

633

125

-250

698

f i O

jo

621

4

II

7,045

1,093

5, 952

4, 412

407177

22530

5167850

5,043

3,172

381334

12159

830

11234

2,002

909

-1,709

-616

-120

-1,093-459-37

-891

-683

— 342-102

13—95- 1 57

-208

-18599

-122

548

,r,7

60

282

49

-103

445

153

i

1957

I'

7,267

605

6,662

5, 085

482155

24333

43

4967946

5,018

3,288

333211

11867

840

11447

2,249

1,644

-1,182

-577

-147

-605-390-40

-1,038

-780

—383-181

29

-243

-258

— 126128

-260

170

137

-398

89

-348

-350

321

II P

7,761

885

6,876

5, 136

502195

24634

38

5859347

5, 251

3, 337

381357

12064

840

10052

2,510

1, 625

-1,561

-676

-138

-885-500-38

-1,443

-1,258

—871-215

29— 164

— 37

-185

-131i 228

-282

514

118

15

211

170

-325

189

305

Western Europe

1956

I

2,054

505

1,549

1, 156

15213

988

10

611437

1,558

715

15546

7317

449

8221

496

-9

-686

-181

-59

-505-108-14

-87

-55

— 73

1 —924

-32

-1252

1 —72

299

| 49t

-163

340

73

33

332

-55

II

2,538

788

1,750

1, 325

18016

949

18

661824

1, 781

715

196152

7418

527

22

757

-31

-1,008

-220

— 61

-78S— 145-14

-178

-120

— 37

1— 47-37

-58

-4"

— 63

151

121

j 6H

14

151

278

1957

I'

2,630

423

2,207

1,745

21416

9711

12

641434

1,669

753

15643

7322

512

8129

961

538

-597

-174

-66

-423; -94i -14

i-247

'-168

-105

-791 —6

66-139

| -81

142

61

— 3(>f

81

-31

-112

-5

ii.2,584

570

2,014

1, 535

22619

9710

14

682223

1,863

784

204159

7518

517

7531

721

151

-741

-171

- 65

-570-93-13

-310

-203

— 86

— 84

-107

i —835

-134

359

120

44

107

88

-6

353

-23

Western European de-pendencies

1956

I

198

198

145

121

4(*)

(*)

36

338

269

30

21

29

11

-140

-140

-8

0

-1-11

-11— 12

3-2

10

1

-1

10

(/)

i 10

149

II

231

231

163

152

4

(*)

47

297

236

825

1

24

w1

-66

-66

-5

-5

-4

-26

-26

-18

1—9

(*)

(*)(*)

8

3

i

-3

8

8

89

1957

I'

247

247

185

162

5(*)

(*)

39

316

237

831

13

35

1(*)

-69

-69

-9

Q

-6

(~)3

-9

-9

— 10

1

(*)

(-0

-13

1

1

-11

-4

-13

100

II P

248

248

178

152

5(*)

(*)

48

298

217

927

12

41

1

-50

-50

-8

-8

-2-1

-32

-33

-33

Eastern Europe

1956

I

7

7

5

(*)

1

1

15

14

1

-8

-8

11

11

14

-4

-5

1

1

-5

1

1

-8

1

—5

95

1

1(*)

(*)

— 13

-13

14

i

II

14

14

5

(*)

1

8

19

19

(*)

(*)(*)

-5

-5

-2

-3

1

-9

-9

1957

I'

9

9

7

1(*)

1

19

18

(*)

1(*)

-10

-10

-6

-6

—2(*)

9

8

-- I"-

—9

1-1

-1

-1

-1

17

1

1

1

1

(*)

1

6

UP

15

15

7

(*)

1

7

16

16

(*)

(*)

-1

-1

-9

-9

-4

— 5(*)

1

(*)

1

1

w

i(*)

(*)

(*)

9

Canada

1956

I

1,194

1,194

952

2673

291

10

7033

(*)

811

666

2724

61

53

304

383

383

-3

o

(*)

-3

-246

-248

-157-89

68-66

— 4

2

2(*)

139

68

-68

164

-25

139

-273

II

1,401

1,401

1,116

29101

27(*)

19

7138

(*)

922

726

2959

6

68

275

479

479

-3

9

-1

-2

-204

—207

-112-80

-319

3

! (*)

1957

I'

1,270

1,270

1,005

3280

32(*)

15

6640

(*)

839

680

2828

71

66

236

431

431

-3

(*)

-3

-252

-125-88

9-30-18

(*)

(*)3 (*)

(*) (*)

117

20

— 7

93

11

117

-389

1

46

9

71

—42

-5

41

-217

II P

1,477

1,477

1,137

35112

331

11

10642

(*)

927

738

3067

71

59

18

550

550

-4

-4

-1

-3

-376

—376

-294-114

10-33

55

(*)

(*)

78

-10

!54

35

78

-248

r Revised *> Preliminary. n. s. s. Not shown separately. * Less than $500,000.i Data for Western Europe also include certain countries in the Middle East.Source: U. S. Department of Commerce, Office of Business Economics.


September 1957 SUEVEY OF CURRENT BUSINESS 19

by Areas—First and Second Quarters, 1956 and 1957[Millions of dollars]

Latin American Republics

i1956

I

1,322

7

1,315

915

8647

49

3

19310

1,278

1,040

8193

36166

42

44

37

-36

-29

n

-19-3

-70

-38

-14

2-16-10

-32

-2023

-35

102

4

2

80

] 20

(*)

102

-40

II

1,397

23

1, 374

949

8951

497

4

2021112

1,179

942

8687

35167

42

218

195

-56

-33

-8

-23-23-2

-212

-195

-127

2-5

-65

-17

-2739

-26

82

5

55

22

-20

62

-12

1957

I r

1,571

32

1,539

1,069

10251

567

5

232125

1,308

1,000

8399

33178

53

263

231

-70

-38

-7

-32-27-4

-239

-226

-129

2-24

-13

-532317

19

12

— I

-39

47

-6

13

33

UP

1,676

10

1,666

1,170

10354

577

2

2471511

1,180

940

FO92

331711

43

496

486

-54

-44

-14

-10-28

-453

-434

-432

3-11

6

-19

-6252-9

351

4

— 2

304

45

-131

338

-327

All other countries

1956

I

1,208

146

1,062

774

865

3714

11

12465

850

550

588

419

205

33

358

212

-480

-334

-50

-146—264-20

-113

-41

-32-14

131

-72

8-3

7C

2

— 15

91

70

165

II

1,442

282

1,160

846

947

3914

16

13086

841

534

6211

520

204

32

601

319

-619

-337

-43

-282-274-20

-263

-127

-48-22

3-14-46

-136

-1136

-29

79

6

75

79

202

1957

J-"

1,519

150

1, 369

1,068

1186

4115

11

959()

860

540

5810

421

219

44

659

509

-471

-321

-64

-150-238-19

-238

-71

-44-29

451

-53

-167

— 6738

-138

-84

2

-98

(')

-84

134

II P

1,740

305

1,435

1, 102

1238

4216

11

116116

955

642

5812

421

212

24

785

480

-72?

-423

-49

-305-355-19

-186

-125

-26-11

9-21-76

-61

-61139

-139

-260

1

-260

1

1

-259

388

International institutions

1956

I

22

22

11

4

5

2

(*)3

17

17

-23

-23

-23

-19

-19

-26(*)

13

1

-1

13

-32

-19

44

II

22

22

8

11

3

4

1

(«)3

18

18

-16

-16

-16

1

1

" 1(*)

112

115

-3

-83

29

-32

1957

I"

21

21

6

11

4

7

2

(*)5

14

14

-26

-26

-26

-62

-62

-649

-7(*)

110

4

(')

106

(*)

-306

-196

270

H P

21

21

7

11

3

12

5

(*)7

9

9

-17

-17

-17

-87

-87

-731

-15(*)

q

2

-25

14

-307

-316

411

Sterling area

Total

1957

I

n. s. s.

n s s

812

556

617

726

3

9971

867

497

5238

617

164

453

n. s. s.

-55

n. s. s.

-82

-22

n s. s.-56

A

-33

6

-31

1

36

-39

-153

— 27

210

27

-41

179

45

(*)

210

-40

II

n. s. s.

n. s, s

847

552

6910

736

3

1111112

919

509

7256

62

165

453

n. s. s.

-72

n. s. s.

-95

-21

n. s. s.-72

2

-125

-115

-112

-36-8

-10

-34195

49

63

12

-15

-11

49

243

1957

I'-

ll. S.S.

n s s

1, 042

756

889

727

2

9981

894

484

5539

609

199

426

n.s. s.

148

n. s. s.

-78

-23

n.s. s.-52

0

-162

-91

-38-13

429

— 73

—71

-416

-83

8

42

41

-79

4

(')

8

84

!!*>

n. s. s.

ns s

1,000

689

9111

737

2

1021312

1,067

607

7961

619

201

427

n. s. s.

-67

n. s. s,

—77

-25

n. s. s.-50

2

-167

-151

-86

9-68

— 6

-16

-12121

-125

129

77

33

55

-36

129

182

United Kingdom andother Europe

1956

I

n. s. s.

n ^ s

366

220

364

552

1

426

(*)

460

168

439

591

135

432

n. s. s.

-94

n. s. s.

-13

-11

n s s(=0

14

-17

— 637

-14

' I-15

212

25

-40

174

53

212

-105

II

n. s. s.

n s s

385

224

435

552

(')

4097

542

203

6131

601

140

433

n. s. s.

-157

n. s. s.

-39

-13

n s s-25

i

-32

-6C

-31

-23&

28

1513

63

59

12

2

-10

63

165

1957

I'-

ll. S.S.

n s s

507

347

505

533

1

426

(*)

518

195

438

581

167

415

n. s. s.

-11

n. s. s.

-34

-11

n s s-21

o

-67

-91

-42

12-61

24

14~10

4

44

41

-99

18

4

108

H P

n. s. s.

n s s

453

277

546

543

1

40117

564

201

6633

591

157

416

n. s. s.

-Ill

n. s. s.

-16

-14

n s s-1

i

-112

-108

-40

-1

-4

-14

-7

148

76

33

78

-39

148

91

Dependencies

1956

I

120

120

76

61

3(')

(*)

34

T*j~

193

149

327

11

11

1

-73

-73

-7

-7

-4

2j

—7

-7

—8

2— 1

(')

" (')

4

2

-1

3

(')

(*)

4

83

II

141

141

85

82

3(')

(*)

43

(*)

173

133

523

119

1

-32

-32

-4

-4

-3

-1fT\

-18

-18

1_2

(*)

>)'(')

3

-1

55

1957

I'

140

140

89

82

4(*)

(*)

37

(')

138

93

528

128

1

2

2

-7

n

-5

-2( x\

-11

-11-8

(')-3

(*)

(*)(*)

-12

— 1

(')

-4

(*)

-12

28

UP

150

150

93

72

4(*)

(*)

44

(")

172

115

625

12

22

1

-22

-22

-6

-6

-4

-1

-28

-28

"(')'

-1

1

' 1

4

1

(x)

1

4

52

Other countries

1956

I

n. s. s.

n s s

326

260

192

144

2

2311

214

180

62

15

18

11

n. s. s.

112

n. s. s.

-62

-7

n. s. s.-54

j

-26

-1

-6.....

-25

-15

— 12

—6

2

-8

-6

-18

II

n. s. s.

n s s

321

243

183

154

3

2825

204

173

(}2

15

16

1(«)

n. s. s.

117

n. s. s.

-52

-5

n. s. s.-46

]

-75

-37

-14-11

2-14(')

-38

-344

-8

-13

1

-13

— 1

-13

23

1957

I ' -

ll, s. s.

n s s

395

320

302

154

1

2021

238

196

73

16

24

(*)1

n. s. s.

157

n. s. s.

-37

n. s. s.-29

1

-84

11

12-13

417

— 9

-95

-93

16

-1

(')

27

-10

(*)

16

-52

H P

n. s. s.

n. s. s.

397

319

303

154

1

1825

331

291

73

16

22

(*)1

n. s. s.

66

n. s. s.

-55

-7

n. s. s.-48(*)

-27

-14

-18

"""Q

-1-4

-13

-11116

— 118

-23

(*)

(*)

-25

2

-23

39

Line

1

2

3

4

56

78

9

101112

13

14

1516

171819

2021

22

23

24

25

26

272829

30

31

3233343536

37

383940

41

42

43

44

45

46

47

48


NEW OR REVISED STATISTICAL SERIESManufacturers' Inventories by Stage of Fabrication 1


AH manufacturing

Total in-ventory

Purchasedmaterials

Goods inprocess

Finishedgoods

Durable-goods industries

Total in-ventory

Purchasedmaterials

Goods inprocess

Finishedgoods

Nondurable-goods industries

Total in-ventory

Purchasedmaterials

Goods inprocess

Finishedgoods

ADJUSTED FOR SEASONAL VARIATION

1953: January,- ___FebruaryMarch . _ _ _ _^pril 1Mav__ _ _- _ . _ _ _ -_JuneJulyAugustSeptember _ _ . _ _OctoberNovemberDecember _. __

1954: JanuaryFebruary . _ _ _ . _ . .MarchApril.- _ _ _ - _ - . _MayJuneJulyAugustSeptemberOctoberNovemberDecember

1955: January _ _ . __ _FebruaryMarch __ _ . _ _ _ _ _ _\prilMav_ -JuneJuly - -- -- -AugustSeptemberOctober. . _ _ _ _November _ _ - -December

1 956: JanuaryFebruaryMarch _ _ _ _ _-VprilMay _ _ _JuneJuly _AugustSeptemberOctoberNovemberDecember . _

43.944 044.244 645.045 445 546 146 045 945 845.445 244.944 544.143 843.643 142.942 743 043 243.043.243. 143.243 243.543 744. 144 844.945.845.946 446.847.648.048.649.349.650.050.450 851.852.252.3

15.815 715.715 816. 116 116. 116 316. 115 915 815.615 615.315 015. 115 115.215 114.814 714 514 614.414.514 414.414.414.614 614.815 115.215.515.515.515.715.916.116.216.416.416.616.616. 717.117.217.2

13.013 213 413 613 613 713 713 813 613 413 413.413 213 112 912.712 512.312 012. 1

¥ 12 012 212 512 412.412 412.512 512.612 712.913 213.213.613.813.914.014.214.414.714.914.915.015.115.215.615.915.7

15.215 215 215 315 415 615 716 016 316 616 616 516 516 616 616 316 216 216 116 016 016 216 116 216.216 316.316 316.316 416.416 51 6. 516.716.717 017. 117.517.617.818.018.318.518.718.919.119.119.4

24 624 725 025 225 625 926 126 526 526 426 426.226 025.725 525.024 724.424 023.923 723.924 024. 124.124 124.224 224.324.424.725 225.426. 126.226.726.927.427.928.328.728.829.029.129.530.230.630.7

7.37 27 37 47 67 77 77 97 8

7 67.47 47.37 17. 17. 17.17 06.96 86.76 66.56.66.66.66.66.66.66.87.07.27.47.37.47.57.77.98.08.18.18.28.28.28.58.68.7

10.210 410 610 710 710 810 911 010 810 710 710.710 610.410 310.09 99.79 59.59 49 69 89 89.89 89.99 89.9

10 010.110 310.410.710.911. 111.211.411.611.812. 112.012.112.212.312.612.912.8

7.17 17.17 27.37 47. 57 67 98 18 18.18 18. 18 17.87' 77.67 57. 57 57. 67 6

7.77. 7

7 77.87.87.87.97.98.08.08.28.28.48.48.48.58.78.78.88.99.19.19.2

19 419 319 319 319 419 519 519 619 619 419 319.219 219.219 019.119 119.219 219 018 919. 119 118.919. 119 119.019 119.219 319.319 519.519.719.719.719.920.120.120.420.620.921.021.321.421.521.621.6

8 58 48 48 48 58 48 48 38 38 28 28 18 28 07 97 98 08 08 08 07 87 98 07 97.97 87.87 87.98 08 08 18 08.28.28 18.28 28.28 28.38 38.38.48 48.68 68.5

2 82 82 82 82 92 92 82 82 72 72 72. 72 62 62 62 72 62 62 62 62 52 62 72 62. 72 72.72 72.72 72.72 82.82.82.82 82.82 82.82 82.82 92.92 92 93.02 93.0

NOT ADJUSTED FOR SEASONAL VARIATION

1953: January _ _ _FebruaryMarch . _ _ _ _ _ _ _AprilMayJune _ -. _JulvAugust _ _ ___ __SeptemberOctober. . _ __ „NovemberDecember. _ _ ...

1954: JanuaryFebruaryMarchApril .. _MayJune _ -_ .July __AugustSeptember . _ _ . _OctoberNovemberDecember . .

1955: January ._FebruaryMarch _ ... _AprilMay _June _ . - _ _ - _JulyAugust _ _ _SeptemberOctober *November . _ ...December

1956: January . . _ .FebruaryMarchAprilMayJune ._ _ _ _ _ .JulyAugust _ ._ _ _ _September _. _ _ _ _OctoberNovemberDecember __ _ ... _

44.244 344.544.745.245.545. 545.645.645.345.445.745. 545.144. 744.243.843.743.242.642.342.642.943.343.643.543.543.443.644.043.944.344.445.345.746.647.348.048.348.949.550.149.849.950.551.352.052.5

16 015 815.715.615.815.816.016.016.015.916.016.115.815.415.014.814.714.814.914.614.614.714.814.914.714.514.414.314.314.514.714.915.015.415.616.115.916.016.116.216.216.516.516.416.616.917.317.8

13.013.313.613.813.713.713.713.713.513.313.213.213.213.113.112.912.612.312.112.011.912.212.312.312.512.612.712.712.712.812.812.913.113.413.513.714.114.414.614.915.115.014.914.815.215.515.615.5

15.215.115.115.315.715.915.815.916.016.116.216.416.516.616.616.516.516.616.216.015.715.715.816.116.316.416.416.416.616.616.416.516.316.516.616.817.217.517.617.818.218.618.518.718.718.819.119.2

24.624.825.125.525.926.126.226.226.226.126.126.326. 125.825.625.225.024.624.023.623.423.623.824.124.224.224.424.424.624.824.624.825.125.826.026.627.127.728.228.629.129.328.928.729.229.830.330.6

7.37.27.17.17.47.67.87.97.97.87.87.77.47.27.06.97.07.17.06.96.96.86.86.76.66.56.46.46.56.76.97.17.37.47.47.67.57.67.77.98.08.48.48.38.48.58.78.9

10.310.510.810.910.810.810.810.810.810.610.610.710.610.510.410.29.99.69.49.49.49.69.79.89.99.9

10.010.010.010.110.010.110.310.710.811.011.311.611.812.012.212.111.911.912.312.6

7.07.17.27.47.67 7?! 67.57.57 77 ^ 87.98.18.18.28.18.17.97.67.47.27.27.37.67.87.98.08.08.18.07.77.67.57.77.88.08.38.58.78.78.98.88.68.58.5

19.619.519.319.219.319.419.419.419.419.219.319.519.419.319.119.018.919.119.118.918.819.019.119.219.419.219.119.019.119.219.219.419.319.619.720.020.220.320.220.320.420.820.921.221.3

8.7 21.412.7 8.9 21.612.7 i 9.0 21.9

8.78.68.68.58.38.28.28.18.28.28.38.48.48.28.08.07.87.87.97.87.87.98.08.28.28.08.07.97.87.87.87.87.88.08.28.58.58.58.48.38.28.18.18.18.28.48.68.9

2.82.92.82.92.92.92.92.82.72.62.62.62.62.62.72.72.72.62.62.62.52.62.62.52.72.72.72.72.82.82.82.82.82.72.72.72.72.82.82.82.92.92.92.9 |2.92.92.92.9

1 Book value as of end of period.

20

Source: U. S. Dept. of Commerce, Office of Business Economics.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

* BUSINESS STATISTICST.. HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SURVEY OF

CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier yearsback to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Seriesadded or significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f) , respectively. Exceptas otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal variation.

Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are providedthrough the courtesy of the compilers, and are subject to their copyrights.

[Averages for the year 1955 are provided in the July 1956 issue of the SURVEY]

Unless otherwise stated, statistics through 1954 anddescriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS July August

19

Septem-ber

56

October Novem-ber

Decem-ber

Janu-ary

Febru-ary March

19

April

57

May June July August

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT

Seasonally adjusted quarterly totals at annual rates:fNational income, total bil ofdol

Compensation of employees, total doWa°"es and salaries total do

Private doMilitary doGovernment civilian do

Supplements to wages and salaries do

Proprietors' and rental income totalcf1 doBusiness and professional^1 doFarm doRental income of persons do

Corporate profits and inventory valuation adjust-ment, total bil. of dol

Corporate profits before tax total doCorporate profits tax liability - doCorporate profits after tax do

Inventory valuation adjustment doNet interest do

Gross national product, total do

Personal consumption expenditures total doDurable goods doNondurable goods doServices do

Gross private domestic investment total doNew construction doProducers' durable equipment doChange in business inventories do

Net foreign investment doGovernment purchases of goods and services, total

bil ofdolFederal (less Government sales) do

National security Q doState and local do

Personal income total doLess* Personal tax and nontax payments doEquals: Disposable personal income do

Personal saving§_ .. do

PERSONAL INCOME, BY SOURCE

Seasonally adjusted, at annual rates:fTotal personal income bil. ofdol-.

Wage and salary disbursements, total.. - - doCommodity-producing industries doDistributive industries doService industries -_ . do ._Government do

Other labor income _ _ doProprietors' and rental income do_ ._Personal interest income and dividends doTransfer payments _ _ - - do .Less personal contributions for social Insurance

bil. of dol- -

To tal nonaericultural income do

325.6

225.796.360.231.238.0

7.549.929.718.5

5,7

310.7

329.3

228.898.660.531.538.2

7.650.129.918.7

5.8

314.1

344.5

242.7228 3190.1

9 728.514 4

50 028.211 510.4

39.840 820.819.9

— 1 012 0

416.7

268 633.0

134 4101. 1

65 533.229 03 3

2 0

80 647 342 733.3

328 739 8

288.8

20.3

331.1

230.499.660.931.538.4

7.649.930.118.8

5.7

316.1

334.1

231.8100.860.831.838.4

7.751.330.218.9

5 8

317.7

334.9

233.1101.261.431.938.6

7.750.730.418.9

5.9

319.3

353.3

247.9233 3194.7

9 728.914 6

50.728.312 010.4

42.445 623.322.3

— 3 212 3

426. 0

272 334 8

135 3102. 2

68 533 429 95 1

2 4

82 849 044 233.9

334 540.5

294.0

21.7

334.8

235.3102.761.632.238.8

7.750.228.519.0

5.9

319.6

335.9

234.5101.462.032.238.9

7.750.230.719.5

6.7

320. 7

337.9

235.9102.062.432.439.1

7.850.430.819.7

6.7

322.7

355.1

251.1235 9196.8

9 629.415 3

50 328.411.510.4

41.243 922.421.5

—2 712 5

429.1

276 735.9

137 3103.4

62 732.830 7

Q

4 1

85 650 345 535.3

337 742 2

295.5

18.9

339.5

237.2102.363.032.639.3

7.850.430.920.0

6.8

324.5

340.6

237.1102.462.732.939.1

7.850.631.020.8

6.7

325.3

342.9

238.3102.463.433.039.5

7.850.831.221.6

6.8

327.5

253. 6238 2198.8

9 729.715 4

50 728.711.710.4

-1 312 7

434.3

278 935.0

139 1104. 9

65 032.730 5

1 7

3 5

86 951 146 335.8

342 442 9

299. 5

20.6

344.8

240.1103.363.833.239.8

7.950.931.221.5

6.8

329.3

' 346. 2

240.9r 103. 0

r 64. 533.440.0

7.9r 51. 6r 31. 4'21.3

'6.9r 330. 5

347.3

241. 5102.765.033.640.2

8.052.031.521.2

6.9

331.3

'Revised.t Re vised series. Estimates of national income and product and personal income have been further revised back to 1954 (all revisions—beginning with 1952—appear on pp. 5 ff. ol the July

1957 issue of the SURVEY); for data prior to 1952, «ee the 1954 NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.Încludes inventory valuation adjustment. 9 Government sales are not deducted.§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.

S-l


S-2 SURVEY OF CURRENT BUSINESS September

Unless otherwise stated, statistics through 1954 anddescriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS

1956

July August Septem-ber October Novem-

berDecem-

ber

1957

Janu-ary

Febru-ary March April I May June July August

GENERAL BUSINESS INDICATORS—ContinuedNEW PLANT AND EQUIPMENT

EXPENDITURES

Unadjusted quarterly totals:c?All industries mil. ofdol

Manufacturing doDurable-goods industries . do_.Nondurable-goods industries do

Mining doRailroads doTransportation, other than rail doPublic utilities doCommercial and other do

Seasonally adjusted quarterly totals at annual rates :cfAll industries bil. of dol

Manufacturing doDurable-goods industries doNondurable-goods industries do

Mining doRailroads doTransportation, other than rail doPublic utilities doCommercial and other do

FARM INCOME AND MARKETINGS t

Cash receipts from farming, including Governmentpayments, total mil ofdol

Farm marketings and CCC loans, total.- do ._ .Crops doLivestock and products, total 9 do . .

Dairy products doMeat animals ._ _ . ._ do_Poultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities _. 1947-49=100__Crops doLivestock and products . . _ do

Indexes of volume of farm marketings, unadjusted:All commodities 1947-49=100

Crops . doLivestock and products _ ._ -do. _ _

INDUSTRIAL PRODUCTION

Federal Reserve Index of Physical Volume

Unadjusted, combined index 1947-49=100

Manufactures _ doDurable manufactures do . _ _

Primarv metals 9 do _Steel doPrimary nonferrous metals do-_

Metal fabricating (inch ordnance) - _ . - doFabricated metal products doMachinery _ ._ do __

Nonelectrical machinery doElectrical machinery do

Transportation equipment 9 doAutos doTrucks - _ _ doAircraft and parts do ___

Instruments and related products doFurniture and fixtures - _ _ do_ __Lumber and products doStone, clay, and glass products doMiscellaneous manufactures - do. _ .

Nondurable manufactures _ _ doFood and beverage manufactures do _

Food manufactures 9 doMeat products doBakery products do

Beverages doAlcoholic beverages do

Tobacco manufactures doTextile-mill products 9 do

Cotton and synthetic fabrics doWool textiles do

Apparel and allied products doLeather and products doPaper and allied products do

Pulp and paper _._ do_ -Printing and publishing doChemicals and allied products do_

Industrial chemicals doPetroleum and coal products do_.

Petroleum refining doRubber products __ . .. __ _ _ do.

2,407

2,3691,0581,311

387653251

979896

11298

122

128

1291396224

156

160124158148178

18512799

536162115116156135

11911411111810012310796868776

9590

144143129166182132148105

2,674

2,6311,2391, 392

370745260

108115102

123117128

142

143155118119135

167135168147209

186109101555167123135164145

13112212311699

11810111510310492

116108163160133172188142151127

8,901

3, 8341, 9601,874

314277443

1,3082,725

35. 87

15. 788 207. 58

1.261.201.795 08

10.76

3. 103

3,0661,6691,397

354756269

126155103

143163129

146

148161145158159

172144177155220

1815998

570171125133157150

13413013412910011610611110210187

108104160152139177192145151135

3 988

3,8162, 1931,623

363931308

157204119

182219155

151

153168149162170

180145182153237

202105103582173127130165154

13712712914210112011811510911394

118104169162145182198140146144

3 425

3,3351,8911,444

355771301

137176106

158182140

147

149166146159169

181138178152227

218164102601174122117161150

13211711914810011010911110510986

108100162159144181199143152129

9 838

4 4282,3392 089

346332450

1 4522,830

36. 46

15.818 217.60

1 281.231.765 27

11.11

2,789

2,7491,4411,308

367649271

11313496

127134122

144

146166142158170

183139178158217

225177101619175125104156145

1251061081389998938799

10478

10195

145142142181199145158132

2 615

2,5711, 1871,384

373766215

105110102

120113126

145

146164146160170

181136175158208

22417498

624173118104148136

128101104139959086

11010110874

113102157158136184205148160147

2 049

2.018802

1.216352627208

837589

9778

111

148

149167149160167

185138177160210

231178113630174119112151137

131103104133969793

11410511181

119115161160139186207145154148

8 282

3 5051, 7591 746

300342358

1 2052 572

36 89

16 128 098 03

1 351 421. 525 72

10.76

1 909

1,880576

1.304398645229

775496

9052

118

148

150166144154166

184138177161208

228171109633174119112153139

13310510413196

11010511110611179

126115163159144186206139149148

1 950

1,928557

1,371393711231

7952

101

9046

123

144

146163140147175

179140169157194

2«2155120630174117117155137

12810410212398

11010210499

10378

110106161159143184206137145135

2,057

2,036566

1,470433759232

8453

108

9649

132

143

144159

'134142171

174136166154189

213144113608171115118

'158137

12910710412499

119107

'11310010681

11298

158157142184206139148133

1 r 9, 590

* 4, 183'2,120r 2, 063

'327'362'478

' 1,510' 2. 730

i ' 37. 03

' 16. 258.317.94

1.281.351.825 93

' 10. 40

2,317

2,070747

1,323415654220

856997

9770

118

145

146f 162

136140167

r l76139168153197

'216156

••119'606•• 171

118131159139

130' 116' 111

120' 102

13712212110010387

109••105

161155140

r l79'200'139' 147

132

2,611

2,4411,0181,423

394776230

10095

104

11197

122

135

' 136' 151

119128156

167'134' 158

14ft'182

'205134103598

' 169r 115

111

' 150'131

' 122115113116104

102848567

9693

139133

-•133175197

'136' 144

111

t> 144

* 146p 159p 125

P 174p 140p 168P 144p 215

p 209p 148

f 171» 122p 123v 160p 140

p 132

v 136

p 141

T Revised. p Preliminary.i Estimates for the 3d and 4th quarters of 1957, based on anticipated capital expenditures of business, appear on p. 5 of this issue of the SURVEY.cfHistorical data (annual totals, 1939 and 1945-55; quarterly, unadj. and seasonally adj. at annual rates, 1947-55) appear on pp. 6 and 7 of the June 1956 SURVEY,9 Includes data not shown separately.{Revised series. Annual estimates for 1910-50 appear on p. 19 of the March 1957 SURVEY; estimates for 1951-56 have been further revised—revisions for 1954-56 are based largely on informa-

tion provided by the 1954 Census of Agriculture. Monthly data for January-May 1956, together with a brief description of the current revision, appear in the July 1957 issue of the Farm IncomeSituation, No. 164; those for 1954 and 1955 are available upon request. Indexes of cash receipts and volume of marketings have been revised to reflect adoption of the 1947-49=100 base period;for the volume index, also wider coverage and use of new price weights. The revised indexes of volume of marketings (annuals, 1910-50; monthly, 1947-50) appear on p. 20 of the April SURVEY.Unpublished indexes of cash receipts and physical volume (January 1954-May 1956) are available upon request.


September 1957 SURVEY OF CURRENT BUSINESS S-3


1956


berDecem-

ber

1957

Janu-ary

Febru-ary March April May June July August

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION— Continued

Federal Reserve Index of Physical Volume— Con.Unadjusted index— Continued

Minerals 1947-49=100Coal - - _ ._doCrude oil and natural gas doMetal mining _ _ do _Stone and earth minerals _ do

Seasonally adjusted, combined index . _ do

Manufactures doDurable manufactures do , _

Primary metals do

Metal fabricating (incl. ordnance) doFabricated metal products __ _ do _Machinery t do

Nonelectrical machinery t -- - -do .Electrical machinery J ~ do

Transportation equipment doInstruments and related products _ _ . _ -do ._

Furniture and fixtures doLumber and products _ - . ._ _ . -do ..Stone, clay, and glass products doMiscellaneous manufactures. . . _ _ _ - _ . do

Nondurable manufactures t doFood and beverage manufactures - doTobacco manufactures _ . _ ... .do, _Textile-mill products _ _ _ . doApparel and allied products doLeather and products - - _ _ _ _ do

Paper and allied products doPrinting and publishing doChemicals and allied products J __ _ doPetroleum and coal products _do ..Rubber products do

Minerals _ _ _ . _ _ __ . doCoal doCrude o i l a n d natural g a s _ _ _ _ . _ . d oMetal mining . _ _ . ___ _ do ...Stone and earth minerals . _ .. do

CONSUMER DURABLES OUTPUT

Unadjusted, total output . . 1947-49=100

Major consumer durables . . . . doAutos doMajor household goods do

Furniture and floor coverings _ _ _ doAppliances and heaters . doRadio and television sets do

Other consumer durables ._ do

Seasonally adjusted, total output t do

Major consumer durables t doAutos . . . . . doMajor household goods t do

Furniture and floor coverings .. ._ . doAppliances and heaters t doRadio and television sets ._ _ do

Other consumer durables do

BUSINESS SALES AND INVENTORIES § t

Manufacturing and trade sales (seas, adj.), totalbil. ofdol..

Manufacturing, total _ . . doDurable-goods industries doNondurable-goods industries . do

Wholesale trade, total doDurable-goods establishments ... . ._ _ _ d o . _Nondurable-goods establishments do.

Retail trade, total .. doDurable-goods stores doNondurable-goods stores _ . do

Manufacturing and trade inventories, book value, endof month (seas. adj. 1, total . bil ofdol

Manufacturing, total doDurable-goods industries ^ ._ . doNondurable-goods industries do

Wholesale trade, total ... doDurable-goods establishments.. do.Nondurable-goods establishments do

Retail trade, total - . doDurable-goods stores doNondurable-goods stores do.__

11962

14973

147

136

13814869

169130173154210

189167123127161145

128112106100112102

162136176132125

12375

15260

142

116

121127117104125130106

127

135122148117152227111

53.9

26.813.013.8

11. 24.36.9

15.95. 5

10.4

86. 2

50 029.021.0

12 36.26 1

23.810.713.2

13187

150121149

143

144158125

172134175157211

191171122130160145

130114105102112102

161138176139135

13085

154103140

120

122109136116121238115

127

132124141117136231114

55.0

27.613 713.9

11 34.36 9

16. 15 5

10.6

86 6

50 429 121 3

12 56 36 2

23 710 513.3

13290

147142151

144

146162148

174139175158210

193171122126154146

130114106103113102

159137177143132

13186

151123143

113

11159

158122158265118

123

127106148118149232113

54.2

27 113 413 7

11 14.27 0

15 95 3

10. 5

86 9

50 829 521 4

12 66 46 2

23 410 213.2

13293

147142150

146

147163147

176140175156211

203172122120157146

131113106105117101

160140177140134

13185

151132141

128

132105158122142312118

123

129117142115136237110

55.9

28 714 414 3

1] 44 37 1

15 95 5

10.4

87 8

51 830 221 5

12 76 46 3

23 310 113.2

13090

149114144

146

147165146

180139175155214

216172119119157144

129114109103108104

160139177143126

13087

149128142

139

151164141117122270112

132

143152136114130218109

56.3

28 514 314 2

11 64 47 2

16 25 7

10 5

88 5

52 230 621 6

12 86 56 3

23 510 413.' 1

12983

15594

138

147

149167145

183141177157216

223173120117158144

130114107103110102

157140179145137

13080

153127141

141

154177137118128217110

141

154168143115144218113

57.0

28 814 514 3

11 84 47 4

16 35 8

10 5

89 1

52 330 721 6

13 06 66 4

23 910 713.2

13085

r 15891

128

146

147164144

180137173154208

221173118114155140

131111112100109102

159141184147145

r 131r 82

r 154120142

137

149174129113125188110

137

147169130114128181114

57.9

30 014 915 0

11 64 67 1

16 35 7

10 6

89 3

52 430 621 8

12 96 56 3

24 010 813.2

13187

15798

129

146

148164143

180138172155204

224174118113155136

131113116101110106

157141183143145

r 13387

154122142

143

157178140116144201112

138

149167134113137189114

57.4

29 514 814 7

11 54 47 1

16 45 7

10 6

89 6

52 931 022 0

12 86 56 3

23 910 813.1

r 13188

T 15695

133

145

147162137

179137172155204

222173118111155137

131113111101111107

157141182141142

r 133r 92

T 152121143

142

155171143116151196111

134

144159132113133185111

56.2

28 414 214 2

11 44 47 i

16 35 7

10 6

89 9

53 331 222 1

12 86 56 3

23 710 713.' 0

130'83154111137

143

145160134

176140166151196

217172121113155140

12911010999

109106

156141183142131

13087

150118140

130

140155128113131159107

124

131141]94

114119167109

56. 4

28 714 314 4

11 34 27 1

16 45 6

10 7

90 1

53 731 522 2

12 86 56 3

23 710 613.1

131r82

r 153135145

143

145159132

175136168152199

213171121115159139

130i l l

r 11098

113102

158142185142130

130r 82

r 153113142

124

131144122108125153106

124

131139126112119186108

56 8

28 614 314 3

11 54 37 2

16 65 8

10 9

90 6

53 931 622 3

12 76 56 2

23 910 713.2

r!3188

f 146r 150

148

144

146162132

139171151210

r 215r 171T 121

125r 157

142

130r H2

111100113

r 106

159141182

T 138r 129

' 128r g7

T 147119142

131

140156129110131180108

129

137144133113123226108

T 56. 3

r 28 114 2

r 13 9

11 44 37 1

16 85 8

11 0

r90 6

r 53 9r 31 4

22 4

12 76 66 1

24 110 813.3

r 12366

r 144T 137r 149

144

146162134

r 177T 141r 173r 152r 214

r 210r 174r 123

121r 154T 141

130T 113

11498

113104

157r 140

186r 136

132

12783

147r 112

144

116

121134111106104143

r 106

129

137134142119126259

r I]]

57. 3

28 914 614 3

11 44 37 1

17 05 9

112

90 9

54 131 722 4

12 76 86 0

24 110 813^3

P 128^87

•P 143

P 155

P 144

P 146P 162p 133

v 178v 138p 175p 153v 217

p212v 174v 121p 118p 157v 140

v 131

P 141

p 138

p 128P 85

P 147

P 146

v 132

P 140p 148

p 113

» 133

p 143p 148

f- in

T Revised. *> Preliminary. tScattered revisions for 1955 will be shown later.§Tbe term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted

data for manufacturing are shown on p. S-4; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.t Revised series. To incorporate adjustments to new benchmarks, new samples, or changes in classifications, data have been revised as follows: Manufacturing sales, inventories, and;

orders, back to January 1953 (see August 1957 Industry Survey for back data); wholesale trade sales and inventories, back to January 1948 (see p. 32 of the August 1957 SURVEY for back data);retail sales, back to January 1951 (see p. 28 of the June 1957 SURVEY for back data).


S-4 SURVEY OF CURRENT BUSINESS September 195

- -- - — -Unless otherwise stated, statistics through 1954 and

descriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS July August

19

Septem-ber

56

October Novem-ber

Decem-ber

Janu-ary

Febru-ary March

1

April

957



MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Sales, value (unadjusted), totalf mil. of dol._Durable-good industries total do

Primary metal - - do. ...Fabricated metal doMachinery (including electrical) doTransportation equipment (including motor

vehicles) - mil. ofdolLumber and furniture doStone clav and glass -. - doOther durable-goods industries do

Nondurable-goods industries total doFood and beverage doTobacco - - - -- doTextile - doPaper - - - doChemical - do -Petroleum and cosl doRubber - - do _Other nondurable-goods industries - do

Snip"-! value (seas adj ) total f doDurable-goods industries, total - - - do _

Primary metal doFabricated metal - - doMachinery (including electrical) . _ _- - - -do - _Transportation equipment (including motor

vehicles) mil ofdolLumber and furniture - doStone clay, and glass _ doOther durable-goods industries do

Nondurable-goods industries, total - do.Food and beverage doTobacco doTextile _ - --do _ .Paper - _ _ _ _ _ d oChemical doPetroleum and coal doRubber - _ _ _ doOther nondurable-goods industries do

Inventories, end of month :fBook value (unadjusted) total do

Durable-goods industries, total doPrimary metal _ _ __ _ - do_-Fabricated metal doMachinery (including electrical) -do -Transportation equipment (including motor

vehicles) - _ - mi l .o fdoLLumber and furniture doStone, clay, and glass - do. -Other durable-goods industries do

By stages of fabrication:!Purchased materials - - bil. ofdolGoods in process . doFinished goods - do

Nondurable-goods industries, total mil. of doL-Food and beverage doTobacco doTextile _~ _._ doPaper _ _ d oChemical - - doPetroleum and coal _ _.doRubber ._ do_Other nondurable-goods industries do

By stages of fabrication: JPurchased materials - bil. of dolGoods in process doFinished goods _ do

Inventories, end of month:fBook value (seas, adj.), total --.mil. of doL.

Durable-goods industries, total doPrimary metal doFabricated metal,- _ _ _ _ do . _Machinery (including electrical) _ - doTransportation equipment (including motor

vehicles) mil. of dol__Lumber and furniture doStone, clay, and glass . doOther durable-goods industries _ _ _ _ do _

By stages of fabrication: tPurchased materials bil.ofdoL-Goods in process doFinished goods _ _ _ . do

Nondurable-goods industries, total mil. of dol__Food and beverage doTobacco doTextile doPaper doChemical doPetroleum and coal _ . doRubber doOther nondurable -goods industries do

By stages of fabrication: tPurchased materials- _ bil. ofdol- .Goods in process doFinished goods _ . do

^Revised. fRevised series. See corresponding no

24, 33911, 4321, 0751, 3023, 592

2, 7151,028

7051, 015

12,9074, 038

354952818

1,7162,543

4642,022

26, 82513,0211,4311,4384,146

2,9101,184

7461,166

13, 8044, 080

3511, 151

8991 8872, 646

4682,322

49, 85028, 9023, 4902,9869, 981

7,0071. 8951,1422.401

8.411.98.6

20, 9484, 5641, 7622, 6101,2893,4573. 126

9943, 146

8.12.99.9

50, 03729, 0043,5292,8999,978

7,1861,8821,1422,388

8.212.18.7

21, 0334, 7311, 8552,5751,2893,4683,0951,0143,006

8.32.99.8

e on p. S-

28, 22113, 696

2. 0551,6143. 999

2, 7411, 241

8481, 198

14, 5254, 339

3741,212

9291,9462,711

4732, 541

27, 58813, 7232,1441,5034, 143

2,9121. 150

7511, 120

13, 8654,182

3281, 128

8911,9312, 671

4672, 267

49, 88228, 7223, 6202, 9389, 913

6, 9021,8621,1122,375

8.311.98.5

21, 1604, 7901,8012, 5821. 3043, 4383, 183

9843, 078

8. 12.9

10.1

50, 37829, 1203, 6322, 938

10, 008

7,1411, 8801, 1352, 386

8.212.28.8

21, 2584, 7681, 8962, 6081, 3173, 4753, 1211,0473,026

8.42.99.9

-3. } E

27, 47813. 351

2. 3891, 5144,081

2, 2601,197

7671.143

14, 1274. 323

3251,215

8551,9872, 558

4402,424

27, 14613.4492. 3341,4404, 058

2,6961, 122

7271,072

13, 6974, 109

3291, 125

8591, 8752,629

4612, 310

50, 48029, 154

3, 7612,9429, 975

7, 1951,8271,0842, 370

8.412.38.5

21, 3264,9881,8142, 5771. 3073, 4143, 264

9962, 966

8.22.9

10.2

50, 84229, 4513.6873, 002

10, 089

7,2801,8701,1292, 394

8.212.38.9

21,3914,8311,8702,6481,3203, 5043, 1691,0383,011

8.42.9

10.0

evisions

30, 28614, 9632, 6601.7104, 371

2, 8161.180

9131,313

15. 3234. 605

3711.391

9592, 0432,711

5072. 736

28, 69614, 393

2, 5511, 5484, 230

3, 0671, 065

7761, 156

14,3034, 280

3501,172

8951,9792,727

4772, 423

51, 26229, 850

3, 9133. 002

10. 134

7, 5731,8161,0792, 333

8.512. 68.7

21,4125,0171, 8562, 5621, 3013,4873. 3001,0022,887

8.42.9

10. 1

51, 75130 232

3, 8243, 127

10, 294

7, 5521,8921,1482, 395

8.512.69.1

21, 5194,8091,8752,6761,3283, 5583, 2041,0443,025

8.63.0

10.0

Beginning

28, 77114, 4752, 5211,5084, 085

3. 4451,039

7541,123

14, 2964. 264

3561.192

8951,8652.799

4422,483

28, 48014, 2942, 5311,4874, 189

3,2341,019

7411,093

14, 1864,240

3371,109

8881,9402, 763

4622,447

51, 96530, 346

4, 0313, 062

10,309

7, 6591, 8431, 1102. 332

8.712.78.9

21,6195,1111,8952, 5821. 3253, 5393, 2521,0142, 901

8.62.9

10.2

52, 21030, 647

3, 8913, 157

10. 404

7, 7141,8951, 1682,418

8.612.99.1

21, 5634,8141, 8952,6741,3383, 5823, 1881,0353,037

8.62.9

10.1

January

28, 07014, 3722,3941. 3324, 390

3. 699895626

1, 036

13,6984,088

3431,072

8161,7803,037

4612,101

28, 84614, 5262,4621,4184,241

3, 5301,014

7461, 115

14, 3204.278

3721,147

8681,9362,786

4742,459

52, 51530, 5914,1193, 056

10,316

7,7141, 8551,1592.372

8.912.79.0

21, 9245, 0611. 9592, 6631, 3623, 6333, 2491,0492.948

8.92.9

10.2

52, 29530, 6603, 9753, 183

10, 409

7,6301,8691,1712,423

8.712.89.2

21, 6354,7991,8842,7131, 3493,5943,2491,0393, 008

8.53.0

10.1

1953 appe

28, 92814, 3632, 5741, 4634.080

3, 611989646

1.000

14, 5654,260

3381, 143

9232,0023. 273

4912,135

29, 95614, 9412,5941,5944, 342

3, 5701, 039

7511,051

15,0154, 558

3631,174

9421,9963, 241

4962,245

52, 94130, 8354,0683, 106

10, 408

7, 8031,8691,1792.402

8.612.99.3

22, 1065.0012, 1312, 7391. 3623, 6483, 1021, 0573, 066

8.93.0

10.2

52, 43430, 6313, 9623,169

10, 444

7, 6321,8391,1562,429

8.612.89.2

21, 8034,8202,0102,7661,3623,5933,1331,0473,072

8.63.0

10.2

ar on p . 2

27, 86913, 9752,3741, 4384,171

3. 467941628956

13, 8944. 077

3121.131

8401, 8532.871

4602, 350

29, 53414, 8082, 4531,5734,290

3,6201,053

7661, 053

14, 7264,447

3711,252

8751, 9302, 960

4952,396

53, 32031, 1964,0773,165

10, 524

7,8781,8891,2172,446

8.613.19.5

22, 1244,9022, 1322,7361,4123,7013,1011, 0573, 083

8.93.0

10.2

52, 91830, 9614,0713, 230

10, 454

7,7381,8651,1702,433

8.712.99.3

21, 9574,8672,0302,6941,3983,6433,1971,0363,092

8.73.0

10.3

3 of this i

29, 81515, 0332, 5921, 5514,485

3, 5901.010

7401,065

14, 7824,347

3211. 163

9012. 0553. 045

4952, 455

28, 42614, 198

2, 3891,5144, 158

3, 406952747

1.032

14, 2284,333

3491,144

8581, 9082,928

4762,232

53, 67031, 5124,0183,242

10, 614

7, 9511,9451, 2332,509

8.513.39.7

22, 1584, 7542, 1052,7481, 4553,7253, 1571,0713, 143

8.93.0

10.2

53, 33431, 1854,1023,210

10, 478

7, 8251,9141,1742,482

8.713.09.4

22, 1494,8722,0242,6921,4263,6763,2551,0303,174

8.73.0

10.4

^sue of tru

29,01014, 7682,4811,6424, 355

3,489995728

1,078

14, 2424,196

3471, 030

9282, 0052,907

5002, 329

28, 67914, 2542, 3571,6254,242

3,240989707

1,094

14, 4254,322

3581,073

9191,894

' 3, 028490

2,341

53. 82731, 7783,9623, 286

10, 662

8,1241,9221,2572,565

8.313.69.8

22, 0494,6222,0752,6981, 4533, 7503,2021,0623,187

8.83.0

10.3

53, 66331, 462

4,1143,222

10, 509

8,0161,8901,2092,502

8.613.49.4

22, 2014,8762, 0542,6281,4393,7303,2671,0313,176

8.73.0

10.6

^ SURVEY.


September 1057 SUEVEY OF CUEEENT BUSINESS S-5


1956


berDecem-

ber

1957

Janu-ary



MANUFACTURERS' SALES, INVENTORIES,AND ORDERS— Continued

New orders, net (unadjusted), totalO --_ .mil. of dol _Durable-goods industries, total _ _ _ __ do

Primary metal doFabricated metal _ _ _ _ _ _ d oMachinery (including electrical) doTransportation equipment (including motor ve-

hicles) mil. of dolOther durable-goods industries ._ _ _ _ _ d o

Nondurable-goods industries, total doIndustries with unfilled orders Q doIndustries without unfilled orders^ ^ do

New orders net (seas, adjusted), totalO doDurable-goods industries, total— do

Primary metal - doFabiicated metal doMachinery (including electrical) doTransportation equipment (including motor ve-

hicles) -- mil, of doLOther durable-goods industries do

Nondurable-goods industries, total doIndustries with unfilled orders 9 - _ . . d o _ _ _ .Industries without unfilled ordersf. . - --do

Unfilled orders, end of month (unadj.), totalO- doDurable-goods industries, total _ _ - do

Primarv metal doFabricated metal - -doMachinerv (including electrical) doTransportation equipment (including motor ve-

hicles) mil. of doLOther industries including ordnance do

Nondurable-goods industries total 9 do

BUSINESS INCORPORATIONS d"

New incorporations (48 States) number

INDUSTRIAL AND COMMERCIAL FAILURES d*

Failures, total number. .

Commercial service doConstruction - doManufacturing and mining doRetail trade - do _ -\Vholesalo trade do

Liabilities (current), total _thous. of dol._

Commercial service doConstruction do. .,Manufacturing and mining doRetail trade - do __Wholesale trade do

26, 13613, 1551,9031,3484,072

2,9432,889

12, 9813,0109,971

27, 70014,0872,1931,3904 289

3,2372,978

13, 6133, 1G8

10, 445

62, 38059, 0577, 0674,612

19, 737

22, 2685, 373

3,323

11, 513

1,018

8714116554085

48, 689

7,4427,4889,005

11,94512, 809

29, 89715,4702,4411,6404,176

3,8883,325

14, 4273,321

11,106

31, 07817, 342

2, 4601,4914,360

5,9813,050

13, 7363,163

10, 573

64, 05660, 8317, 4534,638

19, 914

23, 4155,411

3,225

11, 339

1,101

9514619556798

55, 040

4, 1277, 507

17, 82814, 77210, 806

27, 03813, 0072, 1401,6004, 019

2, 3752,873

14 0313,237

10 794

26, 76713, 0422,3411, 5244 104

2,2842,789

13, 7253,270

10, 455

63, 61660, 4877,2044,724

19, 852

23, 5305,177

3 129

9,583

932

7214614048985

39, 313

2,0587,8409, 539

15, 6564,220

29, 45414, 1252 4491,5404 407

2,5203,209

15 3293, 768

11 561

28 76914, 3122,5111,4814 585

2,6193 116

14, 4573, 521

10, 936

62, 78459, 6496, 9934,554

19, 888

23, 2344 980

3 135

11, 546

1,158

82182198584112

50, 004

3,62911, 14517, 34512, 3685,517

29, 42815, 1452 6141,3544 366

3,9192,892

14 2833,345

10 938

29 97215, 7762,5081 4724 720

4,1842 892

14, 1963,279

10, 917

63, 44160, 3197 0864,400

20 169

23, 7084 956

3 122

9 749

999

8617116648294

39, 886

1,85411, 09911,71411, 4763,743

28, 83915, 0682 4521,4584,304

4,5752,279

13 7713,108

10 663

29 00514, 5432,3721,4884 127

3,8432,713

14, 4623,378

11, 084

64, 21061, 0157,1444,526

20, 083

24, 5844 678

3 195

10 788

982

83183172472

72

50, 279

3,7808,149

21,78510, 9465,619

28, 76514, 3742 4531,4244,210

3,4522,835

14 3913,126

11 265

28 92714, 1762,3451,4684 246

3,2822 835

14, 7513,158

11, 593

64, 04761, 0267,0234,487

20 213

24, 4254 878

3 021

13 387

1,148

7117719761291

54, 060

4, 08610, 67216, 10517, 8625,335

27, 54013, 7122 4951,4614 188

2 9572,611

13 8283,166

10 662

28 64714 1022,4031 5544 268

3,0992 778

14 5453,231

11,314

63, 71860, 7637 1444,510

20 230

23, 9154 964

2 955

10 791

1,146

93180199568106

65, 406

2, 4938, 440

33, 40214, 7806,291

29, 29114, 6112 5971,5384 450

3,1812, 845

14 6803,284

11 396

28 06613, 8532,3301 3984 205

3,2362 684

14 2133,188

11, 025

63, 19460, 3417 1494,497

20 195

23, 5064 994

2 853

r 12 049

1,336

99205239672121

55, 833

3,83310, 42417, 76017, 8166,000

27, 67313, 3492 1031,5004 091

2 9362,719

14 3243 341

10 983

27 94013 2342,1971 5003 850

2,9682 719

14 7063,554

11, 152

61, 85758, 9226 7714, 355

19 931

22, 9534 912

2 935

r 12 312

1,175

118172190580115

57, 103

3,8789, 090

16, 28615, 99411, 855

28, 32813 9492 2511,6384 136

3 1812,743

14 37^3 233

11 146

28 43314' 1152,1361 6894 321

3,1982 771

14 3183,191

11, 127

61, 06958, 0386 5974,408

19 642

22, 6384 753

3 031

r 12 220

1,200

82181205600132

52, 552

4,72810, 82014 88815, 6866 430

r 27, 538r 13, 716

r 2 217r 1, 427r 4 512r2 609r 2, 951

T 13 822r 3, 148

r 10 674r 27 055r 13 249

2,3061 4864 103

2,5442 810

r 13, 806r 2, 970

r 10, 836r 60, 329r 57, 164

r 6 330r 4, 283

r 19, 695r 22, 060

r 4 796r 3, 165

r 11, 269

1,084

9316417955395

51, 454

3,55110, 06612 96617, 7157 156

25, 72912, 2481 9021, 4363 778

2 4382,694

13 4812 762

10 719

27 11913 0692,1971 4803 972

2, 6432 777

14, 0502, 907

11, 143

59, 34256, 2216 2244, 267

19, 555

21, 2974 878

3 121

11, 686

1,059

8115318157074

44, 299

5, 0247, 629

14, 03912,7154 892

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

Prices received, all farm products? 1910-14=100..

Croos doCommercial vegetables, fresh market _ _ doCotton _ doFeed trains and hay do_Food grains do _

Fruit doOil-bearing crops do_ __Potatoes§ doTobacco do

Livestock and products doDairy products doMeat animals doPoultry and eggs do _Wool do

Prices paid:All commodities and services do

Family living items _ _ doProduction items do

All commodities and services, interest, taxes, andwage rates _. 1910-14 = 100

Parity ratioffit-- do

243

255263274194216

221250387453

231251246174233

266282248

287

85

236

233204263197218

203249212451

238257257171234

267281250

'287

82

236

233181275196222

225235163455

239266254172233

266279252

287

82

234

231208270178225

221249143453

236274243167249

265279250

287

82

234

237266270182232

207262154443

230279231163253

267281252

289

81

235

237263262185234

205264155461

233274239165260

268283252

290

81

238

238237256187236

227266162457

238270254155265

269283255

292

82

234

234236255181235

221260153458

234266249157267

271284256

294

80

238

237252252181235

237265148459

238260263150274

272284258

295

81

242

242294258180233

237264145459

242253275150286

273285260

296

82

243

244315266179225

228263156457

241248278144310

273286259

296

82

244

241283270173218

246260152457

245247287145317

273287257

296

82

247

239288273170218

219261167460

254252297155312

273287257

295

84

248

233248278169217

200252172469

260260301167305

273287257

295

84T Revised. ©Revised series. See note marked "f " for p. S-3.9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.

^[For these industries (food, beveiages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.cfData are from Dun and Bradstreet, Inc.JData beginning January 1954 have been revised to incorporate the latest revisions in the price series for individual commodities; unpublished revisions (prior to April 1956) will be shown

later.{{Includes sweetpotatoes and dry edible beans.© Ratio of prices received to prices paid (including interest, taxes, and wage rates).f Parity ratio revised beginning March 1953; revisions prior to April 1956 will be shown later.

4 ,°> 7 30 9°—57-



Unless otherwise stated, statistics through 1954 anddescriptive notes are shown in the 1955 edition cfBUSINESS STATISTICS

1956


berDecem-

ber

1957

Janu-ary


COMMODITY PRICES— Continued

RETAIL PRICES

All commodities (U. S. Department of Commerceindex) . 1935-39=100

Consumer price index (U. S. Department of Labor):All items 1947-49=100

Apparel -- doFood 9 do

Dairy products - - doFruits and vegetables doMeats, poultry, and fish _ do

Housing 9 _ _ _ .._ ... doGas and electricity - . do _House furnishings - doRent do

Medical care doPersonal care doReading and recreation do

Transportation _ _ _ _ doPrivate doPublic do

Other goods and services _ do

WHOLESALE PRICES d"

(17. S. Department of Labor indexes)

All commodities 1947-49=100Economic sector:*

Crude materials for further processing doIntermediate materials, supplies, and components

1947-49 = 100-.Finished goods© _ _ __ _ _ do

Farm products 9 doFruits and vegetables, fresh and dried do...—Grains doLivestock and live poultry _ _ do

Foods processed 9 doCereal and bakery products doDairy products and ice cream __ __ _ doFruits and vegetables, canned and frozen doMeats, poultry, and fish. _ _. . do

Commodities other than farm products and foods1947-49=100..

Chemicals and allied products 9 doChemicals, industrial _ . . doDrugs and Pharmaceuticals § doFats and oils, inedible... _ _ doFertilizer materials doPrepared paint do

Fuel, power, and lighting materials 9 doCoal doFlectricity doGas _. do.-Petroleum and products do

Furniture, other household durables 9 ___ do ._Appliances, household doFurniture, household . doRadio receivers and phonographs doTelevision receivers .. _ _ do

Hides, skins, and leather products 9 doFootwear _ __ . doHides and skins doLeather do

Lumber and wood products doLumber - - - do

Machinery and motive products 9 doAgricultural machinery and equip _ _ doConstruction machinery and equip doElectrical machinery and equipment do"Motor vehicles do

Metals and metal products 9 -- _ . _ doHeating equipment dnIron and steel c oNonferrous metals -- do

Nonmetallic minerals, structural 9 doClay products - - - . _ _ _ _ _ . . _ .do ._Concrete products doGypsum products do

Pulp paper and allied products doPaper do

Rubber and Droducts . doTires and tubes do

Textile products and apparel 9 . _ _ do _Apparel _ _ . doCotton products doSilk products doMan-made fiber textile products -doWool products do

Tobacco mfs. and bottled beverages 9 doBeverages alcoholic doCigarettes - -- - do _.

Miscellaneous doTovs. snorting goods do

213.6

117.0105.3114.8108.7135.299.3

121.8111.7102.8133.2132.7120.1107.7127.7117.6172.7122.2

114.0

95.0

121.3114.090.0

111.888.472.9

102.2114.8107.9109.383.7

121.4107.3122.192.253.7

105.7119.1110.7112.993.8

109.7118.8118.3104.4119.290.769.3

100.1120.560.491.6

126.6128. 5136. 9126.8147.8137. 4129.1144.9117.9149.9152. 5130.6149.3123.0127.1

127.7138.2143.3149.394.999.892.3

122. 080.4

103.1121.7114.6124.091.3

115.7

212.5

116.8105.5113.1109.2120.799.9

122.2112.1102.6133.2133.3120.3107.9128.5118.6172.9122.1

114.7

96.4

122.6114.189.194.888.876.0

102.6114.5108.9107.385.1

122.5107.3122.192.253.8

106.0119.1110.9113.894.9

109.4118.3119.1105.0119.591.069.6

100.0120.560.490.9

125.2127.1137.7126.9149.4138.0129.1150.2119.1159.4155.4130.8150.1123.4127.1127.9138.2146.9153.4

94.899.791.9

121.080.3

103. 4122.5116.2124.091.1

116.3

213.1

117.1106.5113.1109.8114.8101.3122.5112.2103.3133.4

134.0120.5108.4128.6118.7173.0122.7

115.5

96.7

123.0115.390.195.390.775.7

104.0114.6109.7106.889.3

123.1

107.1121.991.955.4

104.5119. 1111.1114.494.9

110.3118.4

119.7105. 5120.491.070.1

100.2120. 563.390.8

123.6125.2

139.7127.4151.5142.0129.4151.9121.0161.5154.8131.1150.1124.8127.1127.9138.9145.7153. 4

94.899.791.5

120.180.4

103.9122.8116.9124.089.9

116.6

213.4

117.7106.8113.1110.7113.9100.8122.8112.0103.6133.4134.1120.8108.5132. 6122.9173.0123.0

115.6

95.0

123.6115.688.497.684.073.0

103.6115.3110.9106.485.7

123.6

107.7122.691.955.8

104.1122. 4111.7121.094.9

111.1118.3121.0106. 5120.891.169. 999.7

120.757.890.8

122.0123.6141.1129. 5154.7143.2130.8152.2121.9161.1154.1131.5150.1125.0127.1

128.1139.1145.8153.4

95.399.792.7

123.680.9

104.8123.1117.2124.089.2

116.7

213.8

117.8107.0112.9111.1115.898.8

123.0111.8103.8133.8134.5121.4109.0133.2123. 5173.4123.2

115.9

94.9

123.8116.287.9

104.387.968.6

103. 6115.8113.6106.482.7

124.2108.2122.592.357.8

105. 7123.6111.2122.094.3

111.1117.5121.1106. 5121.291.169.999.8

120. 859.090.6

121.5123.1143.4130.8155.5145.2134.2152.1122.0162. 5149.7131.2150. 3125.3127.1

127.8139.2

146.9153.495.499.792.8

122.780.3

106.1123.5118.1124.091.2

116.8

213.9

118.0107.0112.9111.3117.498.0

123.5112.0104.1134. 2

134.7121.8109.3133.1123.3174. 1

123.3

116.3

96.6

124.2116.288.9

102.688.871.7

103.1115.4112. 6105. 681.5

124.7

108.3122. 592.559.4

105. 7124.1114.0123. 594.3

119.9120.9121.2105.9121.291.069.799.2

120.853.890.9

121.0122.5143.6131.2155. 9145.4134.3152.3122.1163.3149.6131. 3150.5125.3127.1128.0139.2

147.9153.4

95.699.792.7

122.880.5

107.7123.6118.1124.091.7

116.9

214.1

118.2106. 4112. 8111.2116.999.0

123.8112.3104.0134. 2135. 3122.1109.9133. 6123.8174.9123.8

116.9

97.4

124. 8116. 789.3

100. 789. 573.9

104.3115.8112. 5105.684.8

125.2108.7123.592.658.7

105.9124. 1116.3124.194.9

119.9124.9121.9106. 5122,091.169.998.4

120.852.188.2

121. 3122. 6143.9131.8156. 2146.0134.3152.2122.3164. 3148.7132.0150.6125.6127.1128.6139.2

145.0148.895.899.792.3

122.882.1

109.1124.0119.0124.093.2

117. 5

214.9

118.7106.1113.6111.1116.5101.4124.5112.4105.0134.2

135.5122. 6110.0134.4124.5175.8124.0

117.0

96.7

125. 1117.088.896.187.075.0

103.9115.9112. 5105. 983. 9

125. 5108.8123. 293.158.0

105. 9124.1119.6124. 094.3

122. 3131. 0

121.9106. 8122.091.169. 998.0

120.850.187.8

120.7121. 9144. 5132.0156. 3147.1134. 6151.4122.8163.9145.4132.7150.7125.6127.1128. 5139. 2143.9149. 095.799.691.9

123. 282.0

109.5124.1119.0124.092.4

117.5

214.7

118.9

106.8113.2110.7116.1100.6124.9112.4104.9134.4136.4122.9110.5135.1125.2175. 8124.2

116. 9

96.7

124.9116.9

88.894.187.576.6

103.7116.7111.3105. 984.6

125. 4108.8122. 993.2.77. 9

106. 8124.1119.2123. 694. 9

118.4130. 7121. 9106. 8122.291.169. 598.4

120.951.088.6

120.1121. 2144.8132.2156.7147. 5134. 6151. 0121.6163.8143.2133.2150.8125.7127. 1128.7140.1144. 3149.095.499.691.1

123.081.7

109.0124.1119.0124.092.0

117.5

214.9

119.3106.5113.8110.5118.7102.0125.2112.4105. 1134.5136.9123.3111.8135. 5125. 5176.8124.2

117.2

97.1

125.0117.490.6

103.087.379.3

104.3116.8111.4104.988.2

125.4

109.1123.693.558.2

107. 5124.1119.5123. 290.6

118.4130. 4121.5105. 4122.491.169.598.8

121. 551.888.6

120.2121.2145.0132.1157. 5147.8134.7150.1121.6161.9142.5134.6155. 0126.6127.1128.6140.7144.5149. 095.399.690.8

124.881.5

109.9124.5119.6124.091.4

117.5

215.3

119.6106.5114.6110.0122.5103.7125.3112.3104.2134.7137.3123.4111.4135. 3125.4176.8124.3

117.1

96.5

124.7117.489.5

109. 085.478.7

104.9116.5110.7103.591.5

125.2109.1123.693.359.2

107.2124.7118.5123.394.9

116. 5129.8121.6105.1122.491.169.599.0

121.155.888.8

119. 7120.6145. 1132.3157. 6148.2134.7150.0121.4162.9139.9135. 0155. 0126.7127.1128.9142.4

144.7149.095. 499.590.7

124. 781.8

110.9124.5119.6124.089.4

117.5

216.6

120.2

106.6116.2110.0126.8106.9125. 5112. 3104.6135.0137.9124.2111.8135.3125. 4176.8124.6

117.4

98.8

124.5117.690.9

105.483.983.5

106. 1117.0108.1101.996.6

125. 2109.3124.093.460.2

106. 3125. 5117.2123. 394.3

113.0128.4

121. 7105. 2122. 491.569.799.9

121.259.491.1

119. 7120. 4145. 2132. 3157. 6148.21?4. 7150.6121.9165. 4138. 1135.1155. 1126. 7127. 1128.9142.4145. 1149. 095.599. 590.6

122. 481.9

111.0

124.7119. »i124.087.3

117. o

217. 5

1 120.8106. 5117.4110.5126. 9109. 5125.5112. 3104.1135.2138.4124.7112.4135.8125. 6180.2126. 6

'118. 2

99.7

' 125. 2'118.5

••92.8«• 108. 0

82.786.5

107.2117.7

r 108. 2102.399.2

«• 125. 7r 109. 5

123.593.461.0

106.3" 128. 1T 116.4

124. 0'95.5

r 111.8

126.4r 122. 4r 104. 9r 122. 8

r 92. 5'71.9

r 100. 7121.262.192.2

119.3120.0

»• 145. 8132.3

r 157. 9r 149. 5

134.7152.4

' 122. 8170.3

r 134. 1135.2155.1

' 126. 4127.1

r 129. 5' 142. 8

144.9149.09o. 499.590.5

121.5'81.9111.3127.7119.6134.888.8

r 117.5

118.3

99.6

125. 4118.6

93.0106.382.486.7

106.7116.7110.2102. 197.7

125.9

109.7123.693.463. 5

106. 5128.1116.0124.495. 5

111. 8125. 5122. 5104.7122.993. 372.4

100. 5121.361. 591.6

118.7119.6146. 2132.6161. 1149.6134.7152 9122.7170. 6134. 6135. 3155.0126. 4127. 1129. 9143.2

146.7153.5

95.499.fi90.3

122. 082.0

111.2127.7119.0134. 890.1

117.7

' Revised. 1 Index based on 1935-39= 100 is 202.0.9 Includes data not shown separately. cfFor actual wholesale prices of individual commodities, see respective commodities. *New series. Data prior to February 1955 will be shown

later. ©Goods to users, including raw foods and fuels. § Effective with the January 1955 index, cosmetics and related products were transferred from drugs, etc., to the "other chemicals"subgroup.




1956

July August Septem- October Novem-ber

Decem-ber

1957

Janu-ary


COMMODITY PRICES—Continued

PURCHASING POWER OF THE DOLLAR

As measured bv —Wholesale prices 1947-49=100Consumer prices _ __doRetail food prices do

87.785.587.1

87.285.688.4

86.685.488.4

88.585.088.4

86.384.988.6

86.084.788.6

85.584.688.7

85.584.288.0

85.584.188.3

85.383.887.9

85.483.687.3

85.2OO 0

86 1

r 84. 6182.8i 85 2

184 5

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY 9

New construction (unadjusted), total mil. of dol__Private total do

Residential (n on farm). -do_ _New dwelling units doAdditions and alterations do

Nonresidential building, except farm and publicutility total mil. of do)

Industrial _ __ doCommercial do

Farm construction _ -- doPublic utility do

Public total doNonresidential building - -do _Military facilities doHighway do_ _Other types do

New construction (seasonally adjusted), total do

Private total doResidential (nonfarm) doNonresidential building, except farm and public

utility mil. of dolFarm construction _ _ _ _ _ _ _ _ _ d oPublic utility do

Public, total __doNonresidential building doHighway _ _ _ do

CONTRACT AWARDS

Construction contracts in 48 States (F. W. DodgeCorp.):f

Total valuation mil of dolPublic ownership doPrivate ownership do

Nonresidential buildings:Floor area thous of sq ftValuation mil. of dol

Residential buildings:Floor area thous. of sq. ftValuation mil of dol

Public works:Valuation mil. of dol

Utilities:Valuation mil of dol

Value of contract awards, 37 States (F. R. indexes):Total timd justed 1947 49—100

Residential unadjusted do

Total seasonally adjusted do

Engineering construction:Contract awards (ENR)§ mil. of dol

Highway concrete pavement contract awards:^Total thous of sq yd

Airports doRoads doStreets and alleys do

NEW DWELLING UNITS( U. S. Department of Labor)

New permanent nonfarm dwelling units started:Unadjusted:

Total, privately and publicly owned.- thousands _ _Privately owned, total do

In metropolitan areas ._ __ ___ _ - doPublicly owned do

Seasonally adjusted at annual rate:Privately owned, total! _ - d o

Building construction authorized, all permit-issuingplaces:

New dwelling units total thousandsPrivately financed, total do

Units in 1 family structures doUnits in 2 family structures doUnits in rnultifamilv structures do

Publicly financed, total do

4,4203,1071,6741, 260

371

788271332165468

1,313378136518281

3,873

2,7881,464

755130429

1,085343375

3,0131,0042,009

76, 3261,074

105, 4041,143

518

278

281269

255265

1,835

4,795408

1,8932,494

101.199.068.12.1

1, 070. 0

'•81. 8i-Sl.O

71.9r2. 6r6. 5

.8

4,4743,1221, 6721, 260

371

786277316169483

1,352390143530289

3,861

2,7801,466

746130427

1,081349360

2,953

72, 197933

112, 3981,224

412

383

273262

260264

1,828

8,3981,4863,2193,693

103.9103.270. 5

.7

1,136.0

86.085.475.12.57.8.6

4,4253,0731,6401,240

360

787278313156478

1,352381146543282

3,857

2,7681,459

744130423

1,089349368

2,575

65, 682931

95, 7191,047

453

145

254251

251250

1,480

5 267695

1,9112,661

93.990.760.83.2

1,008.0

70.468.659.82.26.61.8

4,3023,0031,5801,195

344

797278320130484

1,299371141512275

3,890

2,7781,451

753130432

1,112356381

2,443

64, 051865

95, 9611,050

438

91

237224

248230

1,878

7 302953

3,5242,825

93.691.263.42.4

1, 052. 0

79.376.867.02.67.32.5

3,9642,9221,5211,140

339

804276329111475

1,042344117326255

3,894

2,8221,468

760131452

1,072358341

2,377

65, 776969

81, 354900

385

123

217190

242197

1, 736

5 1591,2122,2111,737

77.477.054.6

.4

1, 027. 0

61.761.152.22.46.4.7

3,5442,6541, 3621,045

277

772274305

9741389032498

239229

3,904

2,7991,460

764129435

1,105365369

2 057

55 735756

62, 537699

489

113

1,590

2 6 501405

2 3, 9552 2, 141

63.662.944.6

.7

1, 020. 0

48.147.539 11.76.7.6

3,1822,3111,137

885214

72226926991

35087133693

225217

3,904

2,7211,411

749121427

1,183372441

2 300892

1,407

63 288914

73, 260817

400

169

1,664

7 1631,4993,9901,674

63.060.142.52.9

962.0

51.650.841.01.97.9.8

3,0002,2171,048

795217

70427025796

35778330582

195201

3,851

2,7281,397

748123446

1,123350406

2,161838

1,323

60, 836820

82, 109875

278

188

1,436

7 2291,4894,4251,316

65.863.145.12.7

935.0

55 754.443 82.58.11.3

3,2802,3921,167

875258

70926926410539888834584

230229

3,895

2,7371,388

763124447

1,158366434

3,0781,0182 060

76, 7731,092

99, 4421,107

535

343

1,468

9 5823,0234,6601,899

87.079.355.87.7

933.0

72 872.760 52.89.3.1

3,6412 5791,300

940326

713271263119432

1,06237495

335258

3,888

2,7261,360

771125455

1,162380414

2 776880

1 896

63 689838

113, 3691,232

453

253

1,460

7 8161, 1723,7022,941

93.791.462.32.3

962.0

81 580.467 03.1

10.31.1

4,0332,8081,4101,000

373

747270287140493

1,225389100455281

3,911

2,7501,335

783127488

1,161378410

3 4001 2792 120

80 1941,120

120, 2061,297

653

329

1,857

9 7722,2844,2093,279

' 103. 0••96.9

66.7r 6. 1

' 994. 0

r 85 7r84. 0

68 32 8

r!2. 91.7

4,3473,0041,5261,085

401

786270309156517

1,343405110535293

3,930

2,7681,354

779130488

1,162379418

3,2431,3231 920

80, 8441,186

106, 3701, 155

716

186

1,561

11 0861^9176, 1513,017

97.092.064.25.0

970.0

79 674 661 52 7

10.44.9

p 4, 395r 3 039

1,5561 125

391

774262307166

r 526

1 356394117545300

* 3, 857

T 2 7321 357

747131

r 483

1 125361395

2,9011,0021,998

71, 642961

115, 7031,287

467

186

1,589

8,89fi845

4, 5813,471

96.090.261. 65.8

980.0

4,5913 1011 5531 135

374

805266319171553

1 490'418125620327

3,958

2 7681 361

767132491

1 190377422

1,805

95.092.664.22.4

1,010.0

r Revised. *> Preliminary.1 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.2 (August); consumer prices, 49.5 (July); retail food, 42.2 (July).2 Data include some contracts awarded in prior months but not reported.9 Revisions prior to May 1956 will be shown later.fRevised series, reflecting nationwide coverage and new techniques for compiling data on residential buildings. Figures for public and private ownership for August—December 1956 will be

available later.§Data for August and November 1956 and January, May, and August 1957 are for 5 weeks; other months, 4 weeks.o*Data for August and October 1956 and January and May 1957 are for 5 weeks; other months, 4 weeks.JRevised back to 1946 to incorporate new seasonal factors, revisions for 1946-53 and 1955-56 (1954 data have since been revised) are shown on p. 20 of the March 1957 SURVEY.


S-8 SUEVEY OF CUEEENT BUSINESS September 1957


1956


berDecem-

ber

1957

Janu-ary


CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES

Department of Commerce composite! 194 7-49= 100. _\berthaw (industrial building) 1914=100American Appraisal Co., The:

Average 30 cities 1913=100Atlanta _ _ do _ _New York do_ _ _San Francisco -- -do -St Louis do

Associated General Contractors (all types) doE. H. Boeckh and Associates:!

Average, 20 cities:Apartments, hotels, and office buildings:

Brick and concrete U. S. avg. 1926-29=100.-Brick and steel -- -- doBrick and wood do

Commercial and factory buildings:Brick and concrete doBrick and steel - doBrick and wood -- do_ _ _Frame - doSteel _ _ _ do~- .

Residences:Brick _ doFrame do -

Engineering News-Record :d*Building 1947-49=100.-Construction - - - - __do __

Bu. of Public Roads— Highway construction:Composite standard mile 1946 — 100

CONSTRUCTION MATERIALS

Output of selected construction materials, index:fIron and steel products 1947-49=100.Lumber and wood products do

REAL ESTATE

Home mortgages insured or guaranteed by—Fed Hous Adm • Face amount thous. of dolVet Adm • Face amount - - do

Federal Home Loan Banks, outstanding advances tomember institutions - - - mil. of dol

New mortgage loans of all savings and loan associa-tions estimated total _.mil. of dol._

By purpose of loan:Home construction doHome purchase doAll other purposes -- -- - do _ _

New nonfarm mortgages recorded ($20,000 and under) ,estimated total mil of dol

Nonfarm foreclosures numberFire losses thous ofdol--

133

638692667596635467

279.6275.3276.7

287.8286.7275.2276.0272.8

277.2270.6

145.3153.7

52.1119.8

208, 192464, 937

1,108

949

341439169

2,3742,548

68, 752

133

641695681597637467

280.2275.9277.2

288.2287.3275.9276.2273.2

277.8271.0

147.9155.6

140.2143.1

237, 440504, 725

1,116

1,037

358483197

2,5442,618

74, 930

133441

642696681597637470

280.8276.7277.0

288.9288.6275. 9275.4274.9

277.4270.5

147.7155.4

140.5

138.2123.6

203, 661507, 610

1,142

850

292397161

2,1852,802

70, 118

133

642696681596636470

281.0276.9277.0

289.2288.8276.0275.3275.1

277.4270.3

148.0155.4

159. 2138.4

229, 797500, 930

1,148

922

323422176

2, 4252,762

81, 121

134

644696681595635470

281.4277.3277.3

289.6289.1276.3275. 5276.1

277.6270.6

147.9155.4

145.5120.5

213, 072462, 307

1, 153

784

277360147

2,1082,737

80, 481

134

647699687594638470

281.9277.7277.4

290.2289.6276.5275.5276.4

277.8270.6

148. 5156.3

140.7

145. 1103.1

174, 236471, 652

1,228

710

250320140

1,9512,569

96, 485

134

649702701594640472

282.7278.3277.9

291.3290. 3277.4275.4276.8

278. 3270.7

148.6156.7

142.6113.8

193, 576555, 076

1,038

714

245326143

1,9422,771

115, 272

135

653705703610643472

283.1278.5278.3

291.8291.3278. 1275.3278.4

278.6270.8

148.3156.4

135.2106.1

159, 145430, 560

976

709

243318149

1,7492,473

95, 569

135

654710704610644472

283.5278.8278.4

292.4291.6278.2275.4278.7

278.7270.9

148.3156.6

142.6

150.8113.8

161, 535379, 822

961

842

298366179

1,9372,921

104, 565

135

655712704610644473

284.3279.1278.9

293.5292.3278.7275.9279.1

279.3271.3

148.8158.0

151.5124.8

157, 423349, 651

971

899

317391191

2,044

85, 994

136

659712704610644479

286.3280.7280 3

295.9294.4280.2277.4280.4

280.8272.6

149.1159.2

156.5131.2

154, 288286, 291

993

968

360412197

2,144

79, 045

137455

664712705609656485

288.3282.7281 7

297.8296.4281.6278 7282.6

282.2273 9

149.8159.9

142.7

163.0124.6

163, 633276, 147

1,079

925

319415190

2,028

69, 710

138

668712705610660488

290.5284 7283 1

300.1300 2283.3280 0287.9

283. 5275 1

152. 9163.1

191,490268, 492

1,040

969

318462190

2,211

77, 814

488

152.6162.9

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, seas, adjusted:!Combined index 1947-49= 100. .

Business papers doMagazines doNewspapers doOutdoor _ . doRadio (network) doTelevision (network) 1950-52=100

Tide advertising index unadjusted 1947-49=100.-

Telo vision advertising:Co-"t of facilities total thous. of dol

Automotive including accessories doDrugs and toiletries doFoods, soft drinks, confectionery doSoaps cleansers etc doSmoking materials doA 11 other do

Magazine advertising:Cost total do

Apparel and accessories doAutomotive incl accessories doBuilding materials doDrugs and toiletries doFoods soft drinks confectionery doBeer wine liquors do

Household equipment and supplies doHousehold furnishings do _Industrial materials doSoaps, cleansers, etc doSmoking materials doAll other do _-

Linage, total thous. of lines-.

20819815920215233

413

158.4

37, 7483, 766

10, 8707,7065, 5073,1186,780

42, 386904

4,2261,9354, 8686,8932,568

2,7941,0303,665

7751,149

11, 578

3,496

21819615920615540

472

175.6

42, 5974,5949,1056, 8494,7012, 833

14, 515

42, 0244,6012, 7361,7404, 2886,0771,971

1, 5221,6463,742

6411,178

11, 882

4,278

20320915319416134

400

198.9

39, 0063, 429

10, 0218,0745,1333,5178,832

63, 7357,9452,4783, 9455,9677,2562,611

3,3492,8305,792

9761,275

19, 312

5,265

20620615121014834

382

235.2

45, 4674, 187

12, 9718,4895, 4213,354

11, 045

76, 0876,8824,0083,8347,008

10, 0393,408

4,4414,6366,1191,3392, 092

22, 281

5,552

20419116419915438

377

225.7

44, 0794, 950

11, 4308,8705,1083, 408

10, 313

73, 0915,0907,2462,6896,7128,2053,985

4,4213,5276,1011,1871,733

22, 194

4,827

20120316118515333

375

175.1

44, 7624, 775

12, 4249, 0855, 2603,7969, 466

55, 8144,2224,1961,1245,0646, 7115,283

3, 1662, 1064,278

8761,704

17, 083

3,890

20720716420316735

373

169.6

43, 5024,567

12,6249,6485,4703, 5927,601

38, 3541,9973.7471.1983,5215,9781, 478

1,1421,1643,729

5221,084

12, 795

4,025

20621315321015339

361

190.7

39, 3853,732

11, 1828,8915,1393,3217,121

54, 6123,4454,5092,3505, 5367,8792,305

2,8401,5564, 480

9781, 578

17, 156

4,768

20320315620315636

373

215.2

43, 6534,470

11, 9849,2955,5833,7898,532

67, 8984,9045,6073,5576,0028,8833,117

3, 9762,5905,7951,4412,017

20, 008

5,489

20720716220216437

373

230.7

41, 2223,929

11, 1258,7615,8253,8107,772

81, 4396,2067,0535,1457,0289,0583,696

5,2464,1266,1471, 5261,923

24, 283

5,431

21020716520816434

382

233.1

43, 3784,242

11,8109,2706,3093,9017,845

73, 4415,5446,8404, 4536,3327,6813,054

4,9313,9986,2581,2981, 561

21, 490

4,815

20921716020517035

384

205.2

39, 5173,864

11, 5857,4825,6143,7717,201

61, 8993, 2355,9672,8586,6297,4883,080

3,9722,1385,8551,2441,722

17, 711

3,861

170.3

38, 8213,711

11,7497,5415,7813,8996,142

42,969884

3,8881,4175,8366,5942,623

1,6511,0874,118

6641, 425

12, 782

3,444 4, 483r Revised.t Revisions for construction cost index prior to April 1956 and for Printers' Ink index for January 1953—February 1956 will be shown later.§ Copyrighted data; see last paragraph of headnote, p. S-l.cf Data reported at the beginning of each month are shown here for the previous month.f Revised series.



Unless otherwise stated, statistics through 1954 anddescriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS July August Septcm- I

herNovem-

berDecem-

ber

1957

Janu-ary


DOMESTIC TRADE—Continued

AD V ERTISING— Continued

Newspaper advertising:Linage total (52 cities) thous. of lines

Classified do

Display, total - -- doAutomotive doFinancial - doGeneral . -_ - _ doRetail do

PERSONAL CONSUMPTION EXPENDITURES

Seasonally adjusted quarterly totals at annual rates: tGoods and services, total bil. of dol

Durable goods, total 9 doAutomobiles and parts doFurniture and household equipment do

Nondurable goods, total 9 -- doClothing and shoes doFood and alcoholic beverages doGasoline and oil do

Services total 9 doHousehold operation doHousing doTransportation __ _ do

RETAIL TRADEAll retail stores:

Estimated sales (unadjusted), total© mil. of dol__

Durable-goods stores 9 - -- doAutomotive group -do

Motor- vehicle, other automotive dealers-doTire battery, accessory dealers do

Furniture and appliance group doFurniture, homefurnishings stores do __Household-appliance, radio stores do

Lumber, building, hardware group doLumber, building-materials dealers doHardware stores do

Nondurable-goods stores 9© do_ __Apparel group do_ _

Men's and boys' wear stores doWomen's apparel, accessory stores.— _ _ _ d o _ .Family and other apparel stores doShoe stores _ _ - do

Drug and proprietary stores doEating and drinking places doFood group© do

Grocery stores - doGasoline service stations do

General -merchandise group do __Department stores, excl. mail-order cf —doMailorder (catalog sales) doVariety stores _ _ _ do__ _Other general-merchandise stores do

Liquor stores - _ do

Estimated sales (seasonally adjusted) , total ©__do

Durable-goods stores 9 doAutomotive group - _do

Motor-vehicle, other automotive dealers do _-Tire, battery, accessory dealers _ -do

Furniture and appliance group doFurniture, homefurnishings stores -doHousehold-appliance, radio stores -do

Lumber, building, hardware group doLumber, building-materials dealers _ do _ _ _Hardware stores do

Nondurable-goods stores 9© doApparel group do

Men's and boys' wear stores doWomen's apparel, accessory stores _ _ d o _ - _Family and other apparel stores doShoe stores - __do

Drug and proprietary stores _ __ _ doEasing and drinking places doFood group© do

Grocery stores - - doGasoline service stations do

General-merchandise group doDepartment stores excl mail-order doMiail-order (catalog sales) doVariety stores - - doOther general-merchandise stores do

Licmor stores--. --. ._ _ - --- — do__ -

213, 96160, 525

153, 43612 9474,652

27, 098108, 740

15, 382

5, 5733,0662,880

186

846516331

1. 024774250

9, 809768163290168146

4641,3063,6283,2151,239

1,41474890

245330318

15, 871

5,5142,9812,806

174

899550349

968720248

10, 357956209364215168

4791,1913,6943,2721,150

1,763974118291380342

227, 29762, 494

164, 80312, 6262,749

26, 430122, 998

16, 187

5,7393, 1102,919

191

900566334

1, 050800251

10, 448863168338190167

4751, 3333 8403,4001 253

1,663898120271374328

16, 101

5,5123,0222,845

178

886552333

933688245

10, 5891,039

223411213192

4871,2153,7383,3061, 164

1,781971123294393346

244 05663 036

181 02110 0183 169

34 223133 610

268 6

33 013 714 7

134 422 381 38 0

101 115 733 27 7

15, 583

5,2302 6762,507

169

860518342

1,006761245

10, 352981188374225194

4651,2403,7483, 3231,181

1,699945108275372324

15, 865

5 3562,7802, 599

180

908558350

960711249

10 508977209392210166

4921 1783 7643 3371 165

1,773989116295374323

i

269 85762 197

207 65916 8784 026

43, 420143 335

16, 130

5, 5162,8302,646

184

956593363

1, 052794258

10, 6141, 034

216405236177

4801,2273,7293, 3051,180

1,8081,007

129284387330

15, 896

5,4903,0352,862

173

864530334

918689228

10, 406982214388208172

4921,1843,7613,3321,150

1,674913112292357332

261, 99454, 469

207, 52516 4243,330

38, 510149, 262

16, 493

5, 4912 9072,730

177

1 003634369

917664254

11, 0021,095

252410259173

4701, 1583 8773, 4351 184

2 0301,132

166309423356

16, 212

5,6643,1592,983

176

912569344

889653236

10, 5471,004

216380229179

4881,1883,7783, 3511,179

1,760960122302376339

243 08050 337

192 7438 8244 igg

27 690152 031

272.3

34.815.314.9

135.322 282.18.3

102. 215. 833.57.8

19, 380

6,1723,1222, 901

221

1,194714480

861547314

13, 2081,694

421654387232

6321, 2014, 0523,5721,182

3, 0331,626

189616601539

16, 340

5,8143,2853,104

181

932575356

869630240

10, 526991209396218169

4971,1943,8263,3961,164

1,738954122289372338

210 50955, 141

155, 36812 5555,929

26,355110 530

14, 740

4 9722 9962,858

139

776478297

659476183

9,769785181310161133

4881,0963,6903, 2S11, 137

1,32872097

198314301

16, 295

5,7063,3243,151

173

856541314

848608240

10, 5887j980217376212174

484J, 1823,8253,3921,213

1,722936118281387331

207 06453, 264

153, 80014 3653 215

30, 009106 212

14, 058

4,9142, 94«2,809

139

754477277

629455174

9,144694147283146118

4671, 0553,4803,0861,067

1, 27067294

213296288

16, 356

5,7473,2643,081

183

899578321

866622245

10, 608992210383222178

4921,2193,8213,3851,220

1,718922114289393340

249 52762 923

186, 60314 6153,824

36, 150132 015

276 7

35.916 314 9

137. 321 983.78.5

103 416 033 97.8

15, 788

5,5463,3173,154

163

806517289

758551208

10, 243832154347181150

5001, 1403, 9153,4991,181

1,493811100240342325

16, 298

5,6853,1652,976

189

905578327

876630246

10, 614956192384212168

5111,2163,8173,3971,246

1,741954114286387344

245 38459, 081

186, 30316 6634, 241

34, 802130, 597

16, 442

5,7653,3913,208

183

809509300

856634221

10, 6781,131

200463248220

5021,1533 7703,3451,216

1,705(2)

110289

(2)309

16, 437

5,6313,1943,012

182

880545336

849624224

10, 8061,020

200405235181

5191,2183,9253,4901,259

1,717(2)

119290

(2)

343

265 59964, 494

201, 10518 2643, 564

37, 609141, 668

17, 205

6, 1903 5503, 353

197

873550323

993740253

11,015998192422207177

5201, 2534 0433,6131 293

1,723(2)

121273

(2)335

16, 644

5,7763,2653,075

190

862520342

905674231

10, 867990198403224165

5261,2423,9313,5121,269

1,759(2)

130295

(2)353

240 63161, 194

179, 43616 6154,078

33, 432125,311

278 9

35 015 514 9

139.122 085.08.7

104 916 234 37.9

17, 114

6,2883, 6093, 399

210

916550366

979731248

10, 826994218381210185

5111,2893,9773, 5311,321

1,680(2)

105276

(2)330

16, 783

5,8063,2463, 051

196

919551367

901656244

10, 977995204398225168

5181, 2453,9863, 5421,264

1,771(2)

121292

(2)

356

204 04556, 490

147, 55514 2144, 509

24, 217104, 614

«• 16, 865

6, 068r 3 418

3, 175242

r 873533340

1 008770238

10, 797T 846

175338178156

' 513r I 384r 4 Q99r 3 573r 1 383T 1 540

(2)104264

(2)346

r 17, 033

* 5 8503, 3043 085

218

887546341

914689225

* 11, 1841,026

218412220176

5251,2574,0273, 5661,281

1,861(2)

132305

(2)

362

i 17, 691

i 3 391

1 894

i 925

i 5161 1 3911 4 4281 3 932i i 376

1 1 823

i 17, 2491 5 862

1 11, 387

r Revised. l Advance estimate. 2 Comparable data not available; series temporarily discontinued.JRevised series. Estimates of personal consumption expenditures have been further revised back to 1954 (all revisions—beginning with 1952—appear on pp. 5 rT. of the July 1957 SURVEY);

for data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT.9 Includes data not shown separately.©Data beginning January 1951 have been revised to exclude data for milk dealers' establishments with processing on the premises (now classified as manufacturing plants); data prior to

April 1956 appear on p. 28 of the June 1957 SURVEY.cf Correction: 1951 monthly average for combined department-store and mail-order sales (old series) shown in the 1955 edition of BUSINESS STATISTICS should read $927,000,000.

43730!) °—57 5


S-10 SURVEY OF CURRENT BUSINESS September 10.">7


1956


berDecem-

ber

1957

Janu-ary

Febru-ary March April

1 !May 1 June July August


RETAIL TRADE— Continued

All retail stores— ContinuedEstimated inventories:

Unadjusted, total _ _ mil. ofdol .Durable-goods stores - doNondurable-goods stores do

Seasonally adjusted, total doDurable-goods stores 9 __do

Automotive group doFurniture and appliance group _ __doLumber, building, hardware group do

Nondurable-goods stores 9 doApparel group _ __doFood group doGeneral-merchandise group do

Firms with 11 or more stores: tEstimated sales (unadjusted), total? do

Apparel group 9 doMen's and boys' wear stores __do_Women's apparel, accessory stores doShoe stores _ do

Drug and proprietary stores do_Eating and drinking places doFurniture, homefurnishings stores __do_

General-merchandise group 9 do. _Department stores © doDry-goods, other general-merchandise stores ©

mil. of dol__Variety stores do _

Grocery stores doLumber, building-materials dealers ..doTire, battery, accessory stores do

Estimated sales (seas. adj.), total? do

Apparel group 9 - _-doMen's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do_ _

Drug and proprietary stores doEating and drinking places doFurniture, homefurnishings stores do

General-merchandise group 9 do.Department stores © doDry-goods, other general-merchandise stores ©

mil. of dol_Variety stores _ _ __ _ do

Grocery stores doLumber, building-materials dealers. _ _ doTire, battery, accessory stores do_ ..

Department stores:Accounts receivable , end of month :cf

Charge accounts 1947-49=100Installment accounts _ _ _ _ do

Ratio of collections to accounts receivable:Charge accounts _ percent. .Installment accounts cf .. .- do __

Sales by type of payment:Cash sales percent of total salesCharge account sales doInstallment sales _ ___ do

Sales, unadjusted, total U. 84 1947-49=100

Atlanta _ .... do __Boston _ _ _ _ _ _ _ _ _ _doChicago doCleveland doDallas _ _ _ _ _ doKansas City . do

Minneapolis doNew York _ doPhiladelphia _ _ do _Richmond doSt. Louis doSan Francisco___ __do

Sales, seasonally adjusted, total U. S.J do

Atlanta doBoston _ _ do _.Chicago doCleveland . doDallas - doKansas City do

Minneapolis- _ _ _ _ do _.New York doPhiladelphia _ doRichmond doSt. Louis doSan Francisco „_ do

23, 30010, 65012, 650

23, 80010, 6503, 9602,0002,270

13, 1502,8102, 7604,180

2,994

166127454

757136

879526

81185

1,2577567

3,373

218199264776740

1,119683

98223

1,3357063

136307

4414

454213

r 102

-•130849798

r 135r 108

918388

111104115

'129

'162116123128

••158r 131

113116119140135132

23, 54010, 40013, 140

23, 75010, 4703,8801,9902,190

13, 2802,8402,7904,220

3,311

187128459

757339

1,044616

104207

1,3688066

3,391

228199567797037

1,116666

105227

1,3506861

138308

4514

454213

113

14095

113110138124

11190

100122118126

128

156118126121148131

116117124145129131

23, 53010, 03013, 500

23, 43010, 2603,6302,0102,170

13, 1702,8002,8104,170

3,284

225169271

767037

1,063652

100206

1,3117759

3,385

226199666796840

1,118682

103220

1, 3436865

152314

4415

444313

131

152125132127139128

137122131144130128

129

157117127127139128

129120127140127131

24,0009,920

14, 080

23, 32010, 0903,4902,0102,160

13, 2302,8702,8304,250

3,402

232209764

787445

1,130686

103216

1,3167865

3,295

221189565777140

1,046622

95218

1,3356664

159319

4715

434413

128

150115123122142129

119120124144131131

122

144114117118134123

103112118136119130

24, 75010, 45014, 300

23, 49010, 4203,7002,0702,190

13, 0702,7602,8004,250

3,669

24724

10365

766843

1,269749

121238

1,4396563

3,404

228199668807137

1,085636

104226

1,3846565

174330

4716

444412

158

182143159152166150

141151165179161153

131

157119130123146131

123120126146134132

22, 4009,940

12, 460

23, 86010, 7004,0202,0202,220

13, 1602,8502,7004,180

4,641

38238

16699

1217349

1,9101,075

182470

1,4725288

3,425

228199767837142

1,067631

99219

1,4096565

232365

4514

464311

222

267210215212252218

202204220251216231

129

154116128122150128

124116125139130131

22. 89010, 38012, 510

24, 01010, 7704,1102,0202,220

13, 2402,8402 7604,150

2,917

155136347

746533

805491

71150

1,3644550

3,371

215179068797042

1,068638

100216

1,4005865

189352

4615

444214

95

116869192

11190

8494919994

101

125

151109120118140122

118119121144125131

23, 65010, 80012, 840

23, 91010, 8504,3801,9802,130

13, 0602,7502,7404,030

2,797

144116143

736333

765449

64161

1,2954548

3,360

215179265817240

1,046616

98221

1,4055964

160345

4414

444313

97

122889395

11394

909391

10198

100

125

153117121123141121

114115119136125127

24, 34011, 04013, 300

23, 70010, 6704,3501,9302,080

13, 0302,6802,7004,060

3,276

194158357

807036

922563

79183

1,4935057

3,416

215179263847237

1,099662

103222

1,3995966

148341

4815

444313

106

13789

10599

124104

9598

107117107104

127

149110126120143122

118115124146125133

24, 51011, 22013, 290

23, 67010, 5904,2901,9202,090

13, 0802,7202 7304,030

3,412

28121

11492

806938

1,064640

95223

1,3675866

3,427

228189868847040

1,066632

98221

1,4205867

155339

4515

444313

122

149110119118132120

114109121143123123

122

146107120117135121

113109121136125127

24, 44011 17013, 270

23, 95010, 7404,4201,9502,100

13, 2102,7302 7904,060

3,551

222199767

837338

1,081668

93204

1,5126874

3,493

218199264847234

1,116666

101224

1,4406369

155337

4615

444313

124

150112121114150123

118113123140127124

125

153112123118151124

116115124139127126

23, 84010 97012, 870

24,09010 8004,4601 9702,100

13, 2902,7102 8104,140

3,456

227209274

847635

1,060654

99206

1,4276778

3,509

222199365867437

1,125692

100218

1,4326270

152333

4614

454213

121

138110121113

' 146120

108113122131116125

127

155110

r 123117161125

117117130136119131

23 70010 92012 780

24 14010 8504 4401 9602 130

13, 2902 7302 8304, 140

3,267

182168057

837832

953568

90196

1 3986980

3,582

229239564847435

1 172710

106230

1 4536272

139325

4515

444214

v 104

J> 132v 81

t> 100» 100» 145p 114

p97v 87v 90

i> 114v 104v 115

T> 132

v 165v 113P 126v 130P 171v 139

v 120v 121p 122p 144P 135P 132

p 118

P 133

~

••Revised. *> Preliminary, f Re vised series; see p. 28 of the June 1957 SURVEY for details. Revisions for January-March 1956 will be shown later. 9 Includes data not shown separately.©Revised beginning January 1956 to reflect change in previous classification of certain stores to department stores in accordance with 1954 Census of Business; unpublished revisions (Jan-

uary-May 1956) are available upon request.cTData revised for period beginning January 1940; not comparable with former series. Unpublished revisions for accounts receivable (prior to October 1955), and for collection ratios

(installment accounts) prior to January 1953, will be shown later.JData for 1946-55 have been revised to reflect current seasonal patterns and to allow for changes in the samples used in computing the unadjusted indexes. Revisions beginning with 1946

or total United States appear on p. 24 of the October 1955 SURVEY; unpublished revisions for the districts are available upon request.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

September 1957 SURVEY OF CURRENT BUSINESS S-ll


1956


berDecem-

ber

1957

Janu-ary

Febru-ary March April May June July 1 August


RETAIL TRADE— Continued

Department stores — ContinuedStocks, total U. S., end of month:i

Unadjusted 1947-49=100..Seasonally adjusted - do

Mail-order and store sales:Total sales, 2 companies thous. of dol__

Montgomery Ward & Co __ _ _ _ _ _ d oSears, Roebuck & Co .. do

WHOLESALE TRADE fSales, estimated (unadj.), total mil. ofdol__

Durable-goods establishments doNondurable-goods establishments _. _ _ _ d o

Inventories, estimated (unadj.), total. doDurable-goods establishments- _ _ do_Nondurable-goods establishments do

130138

355, 91779, 888

276, 030

10, 7504,2206,530

12, 1106,2105,900

138141

421, 66894, 813

326, 855

12, 0204,6407,380

12,2806,1906,090

145139

405, 22994, 412

310, 817

11, 2004,3306,870

12, 5706,3206,250

159142

440, 456112, 898327, 558

12, 8404,8907,950

13, 0306,4006,630

161142

482, 564120, 131362, 433

11, 9704,5007,470

13,2006,3806,820

126142

595, 570150, 615444, 955

11, 4204,1907,230

12, 9206,3506,570

126141

310, 27563, 367

246, 908

11, 4004,2807,120

12, 8806,4306,450

132139

i 55, 515223, 750

10, 4103,9806,430

12, 8306,5406,290

144141

i 70, 062269, 815

11, 1504,2906,860

12, 9506,7106,240

147141

1 87, 374307, 394

11, 2504,3106,940

12, 8006,7006,100

145140

i 90, 288338, 262

11, 6404,4507,190

12, 6106,6705,940

137143

i 82, 764335, 812

10, 9904,2406,750

12, 4906,6705,820

*135v 143

i 80, 002308, 538

11, 4004,2707,130

12, 5106, 6305,880

1 90, 498344, 491

EMPLOYMENT AND POPULATIONPOPULATION

Population, continental United States:Total, incl. Armed Forces overseascf thousands..

EMPLOYMENTNoninstitutional population, estimated number 14

years of age and over, total© thousands. _

Total labor force, including Armed Forces. do

Civilian labor force, total— _ doEmployed ... _. __do_ _.

Agricultural employment doNonagricultural employment.. do._ -

Unemployed do

Not in labor force _ . do

Employees in nonagricultural establishments :fTotal, unadjusted (U. S. Dept. of Labor) do

Manufacturing _ _ doDurable-goods industries doNondurable-goods industries. do

Mining total doMetal doAnthracite _ do_ __Bituminous coal doCrude-petroleum and natural-gas production

thousands- .Nonmetallic mining and quarrying - do

Contract construction. . . _ __.do_Transportation and public utilities 9 do

Interstate railroads __ _ do_ __Local railways and bus lines. doTrucking and warehousing*. _. doTelephone doTelegraph _ _ __ __doGas and electric utilities _ do

Wholesale and retail trade. . _. doWholesale trade doRetail trade 9 _ _ do. ._

General-merchandise stores doFood and liquor stores _ doAutomotive and accessories dealers do

Finance, insurance, and real estate . doService and miscellaneous 9 - do

Hotels and lodging places doLaundries _ _ doCleaning and dyeing plants _ do

Government do

Total, seasonally adjusted f- - - doManufacturing do

Durable-goods industries-- do. _ _Nondurable -goods industries do. _

Mining doContract construction . doTransportation and public utilities. doWholesale and retail trade doFinance, insurance, and real estate do__.Service and miscellaneous doGovernment _ _ _ _ do

Production workers in manufacturing industries:Total (U. S. Dept. of Labor)f thousands..

Durable-goods industries . doOrdnance and accessories do

168, 174

118, 762

72, 325

69, 48966, 6557,700

58,9552,833

46, 437

51, 25816, 3019,3136,988

7658529

189

343119

3,2564,1611,172

11079976743

583

11, 1643,0338,1311,3391,550'810

2,3496,296

606342167

6,966

51, 45616, 4689,4227,046

7693,0434,130

11, 3032,3036,2657,175

12, 5367,113

82

168, 451

118, 891

71, 787

68, 94766, 7527,265

59, 4872,195

47, 105

52, 25817, 0359,7807,255

83911030

235

343121

3,3614,1901,184

11081077043

584

11, 1983,0648,1341,3441,542'805

2,3616,293

609337161

6,981

52, 18016, 9019,8217,080

8313,0834,159

11, 3642,3266,2627,254

13, 2567,572

80

168, 737

119, 047

70, 896

68, 06966, 0717,388

58, 6831,998

48, 151

52, 66317, 1199,8267,293

84211430

239

339121

3,3424,1911,189

11082076243

578

11, 3193,0688,2511,4221,549'797

2,3256,322

535334164

7, 203

52, 14816, 8749,8167,058

8383,0804,160

11,3192,3256,2917,261

13, 3457,616

82

169, 028

119, 198

70, 905

68,08266, 1747,173

59, 0001,909

48, 293

52, 95217, 2389,9997,239

83611230

241

333120

3,2964,1891,188

10983375843

572

11, 4453,0908,3551,4761,568

796

2,3156,343

495333166

7,290

52, 36717, 0459, 9597,086

8363,0804,178

11, 3722,3276,2807,249

13, 4657,788

82

169, 291

119, 344

70, 560

67, 73265, 2696,192

59, 0762,463

48, 783

53, 00717, 18010, 0677,113

83711131

241

335119

3,1744,1841,174

10983976042

572

11, 6573,1198,5381,6001,588

804

2,3146,327

488332164

7,334

52, 44117, 07210, 0197,053

8333,0674,173

11, 3882,3266,3277,255

13, 3927,839

82

169, 541

119, 481

69, 855

67, 02964, 5505,110

59, 4402,479

49, 626

53, 63917, 15910, 0717,088

83711132

242

336116

2,9974,1941,173

10984375942

571

12, 2603,1499,1111,9701,612

817

2,3086,295

482330163

7,589

52,54117, 10610, 0357,071

8333,0744,169

11, 4082,3206,3597,272

13, 3507,827

83

169, 800

119, 614

268,638

265,8212 62, 5782 4, 935

2 57, 6432 3, 244

250,973

51, 71616, 9599,9906,969

83211031

242

337112

2,6674,1261,139

10881775741

570

11, 2983,1068,1921,3881,575

794

2,2936.239

474330161

7,302

52, 49317, 05310, 0067,047

8322,9634,188

11, 4652,3166,3667,310

13, 1507,740

81

170, 045

119, 745

2 69, 128

2 66, 3112 63, 190

2 5, 1952 57, 996

2 3, 121

2 50, 617

51, 70416, 9459,9926,953

83311031

243

339110

2,6734,1201,133

10981976142

570

11, 2253,1148,1111,3331,587

793

2,3016,273

481328159

7,334

52, 57716, 9959,9807,015

8333,0204,168

11, 5192,3246,4017,317

13, 1147,721

79

170, 270

119, 899

2 69, 562

2 66, 7462 63, 865

2 5, 4342 58, 431

2 2, 882

2 50, 337

' 51, 91916, 9339,9766,957

83111030

240

339112

2,7564,1471,132

10982076442

571

11, 2653,1178,1481,3431,591

796

2,3106,317

482328160

'7,360

' 52, 54716, 9629,9457,017

8313,0624,168

11, 4902,3226,381

' 7, 331

13,0857,693

79

170, 510

120, 057

269,771

2 66, 9512 64, 261

2 5, 7552 58, 506

2 2, 690

2 50, 286

' 52, 27016, 8229,9276,895

833111

29239

340115

2,9064,1531,136

10882176642

573

11, 4283,1148,3141,4021,603

796

2,3206,432

499329164

' 7, 376

' 52, 59316, 9659,9287,037

8413,0594,160

11, 5012,3206,400

' 7, 347

12,9607,635

78

170, 737

120, 199

2 70, 714

2 67, 8932 65, 178

2 6, 6592 58, 519

2 2, 715

2 49, 485

' 52, 48216, 7629,8956,867

83511227

239

340118

3,0824,1561,137

10882176742

573

11, 4113,1138,2981,3821,601

798

2,3296,520

513334168

' 7, 387

' 52, 69816, 9469,9157,031

8433,0974,159

11, 5422,3296,424

' 7, 358

12, 8947,600

77

170, 981

120, 383

2 72, 661

2 69, 8422 66, 504

2 7, 5342 58, 970

2 3, 337

2 47, 722

' 52, 881' 16, 852' 9, 913' 6, 939

'858'112

31242

'355119

' 3, 232' 4, 181' 1, 145

108829

'77042

'582

' 11, 505' 3, 140' 8, 365' 1, 380'1,607

804

2,359' 6, 551

'540337

'168' 7, 343

' 52, 773•• 16, 924'9,907

7,017

'854' 3, 108' 4, 164

' 11, 5792,336

'6,454' 7, 354

' 12, 955' 7, 603

r76

171,229

120, 579

2 73, 051

2 70, 2282 67, 221

2 7, 7722 59, 449

2 3, 007

2 47, 528

' 52, 600' 16, 698' 9, 752' 6, 946

'85611431

'230

361'119

' 3, 280' 4, 202

1,14010883477942

590

' 11, 510'3,166' 8, 344' 1. 355' 1, 606

'808

2,392' 6, 524

601338163

' 7, 138

' 52, 809' 16, 869' 9, 865' 7, 004

'860' 3, 065' 4, 171

' 11, 6532,345

' 6, 492' 7, 354

' 12, 783' 7, 427

r 73

171, 510

120, 7132 71, 833

2 68, 9942 66, 385

2 6, 8232 59, 562

2 2, 609

2 48, 880

p 52, 838p 16, 949v 9, 807P 7, 142

"854J>113

P232

M21P 3, 299v 4, 223

v 11, 505» 3, 173* S, 332P 1, 356v 1, 601

"807

p'2, 393J>6,506

p 7, 109

f 52, 788p 16, 828p 9, 847p 6, 981

P846p 3, 027p 4, 192

P 11, 675p 2, 358P 6, 474P 7, 388

P 13, 031P 7, 481

v 72

' Revised. p Preliminary. 1 Net sales; not comparable with data through January 1957, which are gross. Comparable figure for August 1956 is $87,162,000. 2 See note marked "©"for this page. JSee corresponding note on p. S-10 for department-store stocks and note marked "f" on p. S-3 for wholesale trade. cfRevised estimates for February 1953-December 1955are available upon request. 9 Includes data for industries not shown.

0 Data beginning May 1956 are derived from an expanded sample of households; see the May 1957 SURVEY for overlap figures for May 1956. The estimates beginning January 1957 reflectcertain changes in definitions for employment and unemployment as follows: Two small groups of persons formerly classified as employed are now classified as unemployed (except for thesubgroup "in school and waiting to start new jobs" which is now counted as not in the labor force). Estimates for August 1957 on the old basis, comparable with data shown through 1956, inorder as shown above (thous.): 120,713; 71,838; 68,999; 66,619; 6,827; 59,792; 2,380; 48,875. Data on the old basis for earlier months of 1957 are shown in previous issues of the SURVEY.

fData beginning January 1955 for employment, hours, and earnings have been adjusted to the 1st quarter 1956 benchmark; revised data for January 1955-April 1956 may be obtained, withinthe next few months, upon request to the 17. S. Department of Labor, Bureau of Labor Statistics, Division of Manpower and Employment Statistics.

*New series. Figures relate to establishments primarily engaged in local or long-distance trucking, transfer, and draying services or in the storage of farm products and other goods.



Unless otherwise staled, statistics through 1954 anddescriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS

1956


berDecem-

ber

1957

Janu-arv


EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Production workers in mfg. industries — Continued!Total (U. S. Dept. of Labor)— Continued

Durable-goods industries— ContinuedLumber and wood products (except furniture)

thousands. _Sawmills and planing mills do

Furniture and fixtures do -Stone, clay, and glass products _ - doPrimary metal industries 9 do

Blast furnaces, steel works, and rolling millsthousands

Primary smelting and refining of nonferrousmetals thousands

Fabricated metal prod, (except ordnance, ma-chinery, transportation equipment)

thousands, _Machinery (except electrical) doElectrical machinery _ _ . doTransportation equipment? do

Automobiles - . doAircraft and parts doShip and boat building and repairs _ doRailroad equipment do

Instruments and related products . _ do _ _Miscellaneous mfg industries do

Nondurable-goods industries doFood and kindred products 9 -- -- do

M"eat products doDairy products doC inn ing <?ind preserving doBakery products - doBeverages do

Tobacco manufactures . do _ _Textile-mill products 9 do

Broad-woven fabric mills doKnitting mills _ _ _ _ _ do

Apparel and other finished textile productsthousands..

Paper and allied products doPulp, paper, and paperboard mills do

Printing, publishing, and allied industriesthousands- -

Chemicals and allied products . _ doIndustrial organic chemicals do

Products of petroleum and coal _ _ do _Petroleum refining do

Rubber products - - do _Tires and inner tubes do _

Leather and leather products doFootwear (except rubber) do _

Production workers in manufacturing industries,seasonally adjusted:

Totalf- thousands.-Durable-°T)ods industries doNondurable-goods industries do -.

Production workers in manufacturing industries:Indexes of employment:!

Unadjusted 1947-49=100--Seasonally adjusted do

Miscellaneous employment data:Federal civilian employees (executive branch):

United States, continental - _ thousandsWashington, D. C., metropolitan area _ _ do- -

Railway employees (class I railways) :Total -. _ _ __ thousandsIndexes:

Unadjusted 1947-49=100--Seasonally adjusted do

PAYROLLS

Manufacturing production-worker payroll index, un-adjusted (U. S. Dept. of Labor)f 1947-49=100--

LABOR CONDITIONS

Average weekly hours per worker (U. S. Dept. ofLabor) :t

All manufacturing industries. __hoursAverage overtime* do

Durable-goods industries -- -_ do.Average overtime* do

Ordnance and accessories doLumber and wood products (except furniture)

hours- -Sawmills and planing mills _ _ do.

Furniture and fixtures doStone, clay, and glass products doPrimary metal industries 9 do

Blast furnaces, steel works, and rolling millshours

Primary smelting and refining of nonferrousmetals - - hours _

Fabricated metal prod, (except ordnance, ma-chinery, transportation equipment) hours- -

Machinery (except electrical) ._ do

703370306466747

213

55

8231,247

8491,280

58153111445

226384

5,4231,140

26880

224173132

76928415195

1, 025462231

54453921117013420385

337219

12, 7127,2255,487

101.4102.8

2, 182. 0212.8

1,058

80.078.3

150.5

40.12.6

40.72.8

41.7

40.240.340.241.040.3

38.9

41.6

40.741.8

718374318475

1, 091

550

52

8641,250

8731, 266

56254310745

231408

5. 6841, 246

27279

325174127

98956427204

1, 089470234

55054521517913620684

345222

13, 1377,6165,521

107.2106.2

2, 181. 1211.9

1,071

80.479.0

161.5

40.32.7

40.82.9

41.2

41.541.141.141.339.7

38.7

40.7

40.741.7

700366324469

1,128

570

57

8851, 254

8861,236

52555410741

233419

5,7291.282

27475

359173125

106956424203

1, 085472233

548213177134210

86337216

13, 1067,6055,501

107.9106.0

2, 169. 1209.2

1,075

80.780.5

166.7

40.73,1

41.33.3

42.1

40.940,541.341.041.2

41.2

41.5

41.642.3

684358325476

1,134

566

56

9101, 255

9081, 354

62856410845

234427

5,6771,209

27971

268176124

104958424205

1, 096470231

56355021217613321586

336214

13, 2787,7495,529

108.9107.3

2, 175. 9210.1

1,075

80.782.3

169.0

40.73.1

41.43.3

42.3

40.840.541.641.340.8

40.5

41.3

41.842.1

655347320470

1,134

564

56

9111, 262

9131,438

69457911344

235419

5, 5531, 125

28469

185175124

96955423202

1,092470231

56454621217613419470

335215

13, 2837,7905,493

108.3107.4

2, 174. 7210.4

1,062

79.781.5

168.2

40.53.0

41.23.3

42.0

40.040.040.541.140.6

40.3

41.1

41.341.7

628336320465

1,135

563

57

9081,277

9001,478

71558911849

233401

5, 5231, 076

28368

152173118

93948421195

1, 093472234

56654721417413321687

338220

13, 2977,7905,507

107.9107.5

1 2, 456. 2i 218. 5

1,054

78.880.5

171.4

41.03.1

41.93.5

42.6

39.839.541.341.241.2

40.9

40.8

42.142.6

594323312453

1,133

559

57

9041,287

8841,481

71059512050

231379

5,4101,015

27067

134168111

88935418189

1,076468232

54921417213321687

336221

13, 2387,7535,485

106.3107.0

2, 170. 1211.4

1,029

77.176,5

165.5

40.22.6

40.92.9

42.0

39.138.739.840.341.0

40.9

41.2

40.841.9

589319313449

1,124

559

55

9021,294

8771,482

70060312250

230381

5,393987258

65129169109

84933415190

1, 095466232

555548212173132213

87340222

13, 1567,7065,450

106.0106.4

2, 173. 3211.6

1,020

76.576.6

165.0

40.22.5

40.92.7

42.0

39.639.240.240.640.3

40.1

40.8

41.041.9

593319312451

1,112

554

55

8981,291

8691.474'68960312550

231382

5,392989255

67127168115

77929410193

1,098467231

55955021117313221187

341223

13, 1097,6625,447

105.8106.0

2, 176. 4212.0

1,021

76.677 2

164.3

40.12.5

40.82.6

41.6

39.739.440.240.740.1

39.7

40.7

41.041.8

612329312455

1,101

549

55

8891,277

8531.446

66360212351

230382

5,32599025369

135168113

74919407192

1.069467231

55954920817313319171

334219

13, 0947,6375,457

104.8105.9

2, 178. 5211.9

1,024

76.877.9

161.5

39.82.3

40.52.4

41.4

40.039.739.740,439.8

39.5

40.7

40.941.4

638338308456

1,093

546

54

8831, 255

8471,435

65259812651

226383

5,2941,004

25372

136169121

73911402193

1, 039465230

55554420717413320485

325214

| 13,0737,6215,452

104.2105. 7

2, 175. 8211.4

1,038

77.876.7

161.0

39.72.2

40.32.3

40.7

40.240.039.240.839.6

39.2

40.9

40.941.1

'659r 346'311'459

r 1, 093

^547

54

'8871 239

855' 1, 415

' 632' 594

12853

' 224386

' 5, 3521 056' 258

76164172127

73' 913' 401

197r 1.045' 469

233

' 556' 535r 906' 175' 133' 197' 78333219

' 13, 026' 7 598' 5 428

' 104. 7r 105. 3

2 184 4215.2

1 045

'78.3r 76 6

' 163. 8

40.02.4

'40.52. 4

' 40. 7

40.7'39.9

39.740.9

'40.2

39.8

41.0

41.241.1

'645343

' 308'443

' 1, 074

541

52

870' 1 206

r 850' 1, 369

597586126

T 291r 3fK)

' 5, 356' I 114

260

2]o174130

r 71r ggs;

3Q6191

' 1, 025r 459

99 ij

' 553531205

' 177135

'20084

332219

r 12, 966r 7 543' 5 423

' 103. 3' 104. 8

P2 192 0p 216 0

1 041

P78.1P 76 ^

' 160. 4

'39.72 4

'40.02 3

' 40.0

' 39. 538.939 1

'40.3'39.9

39 8

40.7

'40.840.7

p644

P 315p 460

r> I 070

^887P 1 192

p871p 1, 363

p 224p 384

v 5, 550p 1 190

p 94P 914

p 1, 080p 466

p 552p 533

p 177

p 204

P 342

p 12, 929p 1 525p 5' 404

p 105. 4p 104. 5

1 041

p 78. 1p 76 7

p 164. 4

P39.9p2 .3

p40. 2p 9 2

p 40.5

P40.0

p 40. 6p 41. 0p39. 8

P40.9P40.6

r Revised. p Preliminary. 1 Includes Post Office employees hired for Christmas season; there were about 284,000 such employees in continental U. S. in December 1956.fSee note marked "t" on p. S-ll. 9 Includes data for industries not shown.*New series. Overtime hours (in excess of hours for either the straight-time workday or workweek) for which premiums were paid. Weekend and holiday hours are included only if pre-

mium wage rates were paid; hours for which only shift differential, hazard, incentive, or other types of premiums were paid are excluded. Data prior to January 1956 are not available.




1956


berDecem-

ber

1957

Janu-ary



LABOR CONDITIONS— Continued

Average weekly hours per worker, etc. — ContinuedfAll manufacturing industries— Continued

Durable-goods industries — ContinuedElectrical machinery hoursTransportation equipment 9 -- -do

Automobiles doAircraft and pprts doShip and boat building and repairs doRailroad equipment do

Instruments and related products _ _ _ d oMiscellaneous mfg industries do

Nondurable-goods industries doAverage overtime* do

Food and kindred products 9 doMeat products __ _ _ _ _ d oDairy products doCanning and preserving do. __Bakery products doBeverages do _

Tobacco manufactures do.Textile-mill products 9 do

Broad-woven fabric mills do_ _.Knitting mills do

Apparel and other finished textile productshours._

Paper and allied products doPulp, paper, and paperboard mills do

Printing, publishing, and allied industrieshours. _

Chemicals and allied products doIndustrial organic chemicals do. _.

Products of petroleum and coal doPetroleum refining _do.

Piiibber products doTires and inner tubes _ do

Leather and leather products doFootwear Cexcept rubber) do

Nonmanufacturing industries:Mining:

Metal doAnthracite. . . _ _ _ _ . . doBituminous coal doCrude-petroleum and natural-gas production :

Petroleum and natural-gas production hours .Nonmetallic mining and quarrying do

Contract construction doNonbuilding construction doBuilding construction do

Transportation and public utilities:Local railways and bus lines doTelephone _ _ . _ . _ _ __do _Telegraph doGas and electric utilities. _ do

Wholesale and retail trade:Wholesale trade. . ... __ doRetail trade (except eating and drinking places) 9

hoursGeneral-merchandise stores doFood and liquor stores doAutomotive and accessories dealers. do

Service and miscellaneous:Hotels, year-round.. _ _ ___ do. _Laundries... . doCleaning and dyeing plants __do_ _.

Industrial disputes (strikes and lock-outs):Beginning in month:

Work stoppages _.. numberWorkers involved- _ _ . thousands

In effect during month:Work stoppages numberWorkers involved . __ _ _ _ thousandsMan-days idle during month do

U. S. Employment Service placement activities:Nonagricultural placements thousands

Unemployment compensation, State and UCFE pro-grams (Bureau of Employment Security) :

Initial claimscf _ thousandsInsured unemployment, weekly averaged1 doBenefit payments:

Beneficiaries, weekly averaged71 doAmount of payments d" -.- thous. of dol

Veterans' unemployment allowances:Initial claims§ ._ _ ... _ _ _ thousands..Insured unemployment, weekly average doBeneficiaries, weekly average doAmount of payments thous. of dol

Labor turnover in manufacturing establishments:Accession rate — .monthly rate per 100 employees. _Separation rate, total _ .do

Discharge doLay-off ___ do...Quit. doMilitary and miscellaneous do

40.140.839.941.940.040.540.539.6

39.42.5

41.041.143.439.541.041.2

38.938.839.037.5

35.843.044.6

38.641.241.141.841.539. 739.138.037.9

42.335.636.1

41.945.638.142.437.0

43.339.942.241.4

40.5

39.135.538.643.9

41.040.439.6

377591

570669

12, 500

519

1,1191,209

976111,708

1274148

4,970

3.33.2.2

1.21.5.2

40.540.839.742.339.838.040.740. 2

39.62.5

41.240.742.841.740.540.7

39.139.239.338.1

36.642.643.9

38.841.040.840.940.540.240.037.637.1

40.033.337.0

40.645.238.342.437.2

43.339.442.541.2

40.4

39.135.638.443.7

40.839.938.1

398137

625699

2,960

577

8371,059

932112, 207

1274252

5,630

3.83.9.3

1.22.2.2

41.141.340.642.439.840.441.140.3

39.82.8

42.042.643.042.540.939.9

40.839.339. 637.9

36.043.044.1

39.041.441.141.741.440.540.236.936.0

42.533.837.9

42.445.838.642. 837.4

43.039.942.041.4

40.6

38.534.937.643.6

40.640.239.8

336156

541209

1,630

591

761988

88994, 919

1183348

4,499

4.14.4.3

1.42.6.2

41.241.841.842.339.640. 441.040.7

39.72.7

41.341, 742.540.640.639.7

39.540.140.638.5

36.442.944.0

39 14L441.040.840.540.940.136.935.9

41.835.437.8

40.645.638.442.437.4

43.239.842.041.0

40.5

38.334.637.343.8

40.740.239.7

332133

524178

1,180

599

834878

75291, 476

i 182430

3,258

4.23.5.3

1.31.7.2

41.042.242.842.438.839.240.840.3

39.62.7

41. 343.342.536.940.539.8

38.940.240.738.3

36.142.743.8

38.641.541.240.940.940.540.636.936.1

41.233.936.2

40.644.536.639.735.8

43.241.041.641.5

40.5

38.034.137.243.7

40.639.939.5

242158

403204

1,460

474

9731,013

79691, 700

1212831

3,168

3.03.3.3

1.51.3.2

41.243.645.042.940.340.441.040.6

39.72.6

40.941.342.237.940.339.9

39.840.240.937.8

36.343.044.2

39.141.641.341.041.141.441.737.737.2

42.736.338. 7

41.543.636.839.236.3

43.439.341.641.2

40.7

38.636.237.043.8

40.740.139.1

11429

24053

472

410

1,2291,285

941104, 245

1233540

3,883

2.22.8.2

1.41.0.2

40.441.741.342.640.240.340.740.0

39.12.3

40.240.741.8Q'T 0

39.839.2

38.839.139.736.8

35. 942.343.9

38.341.341.141.141.340.941.438.037.9

41.935.937.5

41.642.034.737.234.1

43.038.741.740.9

40.2

38.234.636.843.8

40.439.838.7

22560

32580

550

433

1,5651,737

1,453177, 598

1314553

5,572

3.23.3.2

1.51.3.3

40.641.541.242.340.040.441.040.3

39.32.3

40.139.841.737.940.039.5

38.539.239.137.3

36.542.343.7

38. 541.240.940.840.740.941.038.338.1

41.432.038.4

40.643.136.939.636.3

42.739.041.840.8

40.2

38.234.336.743.9

40.339.838.2

22560

350130825

387

1,0021,730

1,530164, 860

1234962

5,594

2.83.0.2

1.41.2.2

40.541.140.342.240.040.640.740.6

39.12.3

39.839.342.037.139.839.4

37.938.939.037.2

36.542.343.5

38.841.240.840. 740.740.440.038.037.9

41.227.837.4

40.543.436.739.436.0

42.938.741.940.8

40.1

38.034.136.643.8

40.639.938.7

25080

375120775

425

8971,592

1,500168, 841

i 214762

5,886

2.83.3.2

1.41 3.2

40.340.639.442.040.240.540.639.9

38.92.2

40.039.941.937.440.239.8

36.838.638.837.0

35.742.143.4

38.541.240.941.241.440.040.136.936.5

40.831.137.0

40.343.336.839.136.2

43.038.741.440.9

40.0

38.034.436.743.8

40.240.040.2

400150

525190

1,380

480

1,0991,475

1,311154, 329

i 183951

5,155

2.83. 3.2

1.51 3.2

40.139.939.140.640.339.940.239.8

38.92.2

40.440.742.637.840.440.1

39.138.438.636.8

35.842.043.3

38.441.241.040.940.940.040.136.335.6

41.030.835.8

40.444.337.239.836.4

43.739.042.540.7

40.1

38.034.036.744.0

40.440.340.3

475190

650260

1,850

534

1,0011,350

1,199145, 657

i 163440

4,222

3.03.4

31 51 4!3

40.3MO. 1' 39. 6'40.6MO. 4'39.8

40.5'39.9

39.22.4

MO. 941.1

' 43. 1' 38. 0

40.9MO. 6

'38.6'38.9

38.937.3

35.8M2.2

43.1

'38.441.241.1

MO. 9MO. 9

40.941.437.837.4

'41.0'34.3r 37. 6

Ml. 2M5.0

37.8MO. 7"•36.9

M4. 139.242.2

MO. 9

MO. 2

'38.2'34.4

37 1M3.9

MO. 2MOM

40.0

400140

600220

1,850

528

8811,251

1, 172123, 540

i 243340

3,710

'3.9'3 0

21 11 3.2

••39.6'39.7

38.940 440.440.2

MO. 1'39.4

'39.42.5

Ml. 341.043.540.040.841.4

'39.6'38.6

38.837.1

'36.2'42 3

43.5

'38.241 040.8

'41.641.4

'41 242.1

'38.137.8

40.1

36.6

41.245.138.141.937.0

43.739.342.241.1

40.5

38.634 837 843.9

40.339.838.2

400160

625260

2 500

535

1 2671,285

1 061130, 130

i 203441

4,539

p3. 2*>3 2

p 2v l 4T> 1 4

p 2

P39.9?39. 8

v 40.2^40 0

P39.4j> 2 5

p 40 2

^38 5P 39 2

*>36.8p 42 5

^38.7P 41 2

p 40 6

P 41 3

*>38 6

1,151

'Revised. * Preliminary. i See note marked "§"• | See note marked "f" on p. S-ll.9 Includes data for industries not shown. *New series. See note on p. S-12.cfData for the UCFE program are included in initial claims, beneficiaries, and benefit payments effective January 1955 and in insured unemployment effective March 1955.§ Beginning July 1956, figures include transitional claims which are excluded from earlier data. In June 1956, the number of transitional claims totaled 267.


S-14 SUEVEY OF CURRENT BUSINESS September 1957


1956


berDecem-

ber

1957

Janu-ary



WAGES

Average weekly gross earnings (U. S. Department ofLabor) :f

All manufacturing industries dollarsDurable-goods industries _ do_


dollars, .Sawmills and planing mills do _

Furniture and fixtures doStone, clay, and glass products . -do.

Primary metal industries 9 -doBlast furnaces, steel works, and rolling mills

dollarsPrimary smelting and refining of nonferrous

metals dollarsFabricated metal prod, (except ordnance, ma-

chinery and trans eQuip ) dollarsMachinery (except electrical) doElectrical machinery do

Transportation equipment 9 doAutomobiles doAircraft and parts doShip and boat building and repairs doRailroad equipment do

Instruments and related products doMiscellaneous mfg. industries - __ _ -do

Nondurable-goods industries _do __Food and kindred products 9 do

Meat products doDairy products doCanning and preserving do _Bakery products doBeverages do

Tobacco manufactures doTextile-mill products 9 do - -

Broad -woven fabric mills -do -_Knitting mills do

Apparel and other finished textile productsdollars. _

Paper and allied products - do -_.Pulp, paper and paperboard mills do

Printing, publishing, and allied industriesdollars. -

Chemicals and allied products .- .. do _ _ .Industrial organic chemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products doTires and inner tubes _ _ do _ _

Leather and leather products doFootwear (except rubber) do


Metal _ _ _ _ doAnthracite doBituminous coal doCrude-petroleum and natural-gas production:

Petroleum and natural-gas productiondollars

Nonmetallic mining and quarrying _ _ do -Contract construction do -

Nonbuilding construction doBuilding construction __ __ do

Transportation and public utilities:Local railways and bus lines _doTelephone _ _ _ _ _ _ _ _ _ _ _ d o -Telegraph doGas and electric utilities do _

Wholesale and retail trade:Wholesale trade _ _ _ _ doRetail trade (except eating and drinking places) 9

dollars- -General-merchandise stores doFood and liquor stores _ doAutomotive and accessories dealers _ _ _do _ . _

Finance, insurance, and real estate:Banks and trust companies do

Service and miscellaneous:Hotels, year-round do _ _Laundries doCleaning and dveine Dlants_ __do ._.

78.6084. 2591.74

72. 3673. 3567. 5480.77

91.88

96.47

93.18

83.4491.9679.40

93.8492.5795.9589.6095.99

81.8168.90

71.7175.0382.2075. 9561.2374.2188.99

58.7455.8753.8253.25

52.2784.2893.21

93.8087.7693.71

107. 01111.2285.7598.1456.6254.96

96.0292.20

102. 16

106. 0188.01

103. 25105. 58103. 23

85. 7374.2185.2492.32

82.22

62.1744.7365.6282.97

62.11

42.2342.4249.90

79.7985.6890.64

75.1274.8069.8781.36

93.69

97.52

91.17

84. 2592.1680.19

94.2592.9097.2990.3588.54

82.2169.95

71.6874.1680.5974.4765. 0573.7187.51

55.5266.4554.2354.10

54.1783.5092.19

94.2887.7493.02

103. 89107. 7387.23

101. 2056.4054.17

92.4087.25

102. 49

100. 2887.69

104. 94106. 42104. 53

85.3072.8986.2891.88

81.61

61.7844.5064.9082.16

61.79

42.4341.9048.39

81.8188.3893.88

74.0373.7171.0481.18

100. 12

107. 53

95.04

87.7895.1882.61

97.4799.0697.9491.1496.96

84.2670.93

72.4476.0285.2075.6866.7374.8584.99

56.3056.9955.0454.20

53.2884.7193.05

95.9488.6094.53

108. 00111.7889.10

102. 5155.7252.56

100. 3087.88

106. 12

107. 7089.77

106. 92108. 28106. 22

85.1474.2185.2692.74

82.82

61.2243. 9764.3081.53

61.93

42.6342.6150.94

82.2189.0195. 18

73.0372.9071.9782.19

98.74

104. 90

94.16

89.0394.7383.22

99.07102. 4197.7190.6897.77

84.0572.45

72. 6575.9984.2374.8064.9674.3084.96

54.9159. 7558. 4655.06

54.2484.9493.28

95. 8088. 6093.89

104. 86108. 1489.98

102. 6655.7252.41

97.3994.87

110. 38

101. 0989.83

107. 14108. 12106. 96

85. 5474.0385.2692.66

82.22

60.9043.6063.7881.03

62.55

42.7442.6150.82

82.2288. 9994.50

70.8071.2069.6682.61

99.06

105. 18

93.71

87. 5693.8383.23

100. 86105. 7298.3790.4093.30

83.6471.73

72.8678.0691.8075.2357.5674.9385.97

56.4160.3059.4255.15

53.4384.5592.86

94.5789.2394.76

105. 11109. 2087.89

103. 5356.0952.71

96.0091.19

106. 79

101. 5087.22

102. 48100. 84102. 75

85.9777.0884.0394.21

83.03

60.4242.6363.9881.72

62.35

42.6342.2950.56

84. 0591.3496.70

69. 2569.1371. 4582.81

100. 94

107. 16

93.43

90.0996.7084.46

105. 95112. 95100. 3994.7198.58

84.8772.67

73.8477.7187.1475. 5461.0273.7586.18

58.9060.3059.7154.43

54.4585.5794.15

96.1989.8695.40

105. 37109. 7492.74

109. 2557.3054.31

99.92107. 45115. 33

104. 5885.46

103. 7899.96

104. 91

86.8075.4684.0393.94

83.84

59.8343.8063.2781.91

62.86

43.1442.9150.05

82.4189. 1695.76

67.2566. 9568.4681.41

101. 27

108. 79

94.76

86.9095.1182.82

99. 25100. 3699. 2693.6798.74

84.6672.40

72.7377.1887.1075. 6661.9973.2384.67

57.8158.6557. 5753.36

53.4984.1893.07

94.2289.2194.94

106. 45110. 6891.21

107. 6457.7655.71

98.05105. 55110. 63

104. 8382.3298.5594.8699.57

86.8673.9286.3292.84

82.81

61.5043.9463.6682.34

63.82

42.4242 5949.92

82.4188.7596. 18

68. 5168. 2169. 5581.61

99.14

105.06

93.43

87.3395.1183.23

98.3699.2998.5694.4098.98

85.6972.94

73.1077.3985.5775.0661.7874.0085.72

57.3758.8056.7054.09

54.3984.6093.08

95. 4889.4094.89

104. 45107. 8690.80

106. 1958.6056.39

97.2995.36

112.51

101.9184. 05

104. 80101. 38105. 63

86.2574.8886.9492.62

82.81

61.5043 9063.8682.53

63.74

42.3242 5948.90

82.2188.9495.68

70.2769.7469.5582.21

98.65

104. 01

93.61

87.7495.3083.43

97.8297. 1299.1794.80

100. 28

85.4773.49

73.1276.8183.7176.0261.5973.2386.29

57.9958.3556. 5554.31

54.7584.6092.66

96.6189.4095.06

104. 60108. 2689.28

102. 4058.5256.47

97.2379.79

109. 58

101 2584.63

104. 23100 47104. 76

86.6674.3087 5793.02

83 01

61.5643 6563 6882.78

63.89

42 6342 6949. 54

81. 5988.2995.63

72.0070.6768.2881.20

97.91

103. 89

94.02

87.9494.3983.02

96.2294. 1799.1294.87

100. 44

85.2672.22

72.7477.2084.9975.8462.8374.3787.16

57.0457.9056.2653.65

52.8484.2092.44

95.8789.4095.30

106. 71110. 9587.60

103. 4656.8354.39

97.1092 06

111. 74

100 7584.87

104. 88100 88105. 70

87.2974.6986 1194.07

82 80

61.5644 3863 8683 22

63.78

42 2143 2052. 26

81.7887.8594.02

73.1672.0067.8282.42

97.42

102. 31

94.89

88.3493.7182.21

94.5693.8494. 6096. 3298.55

84.4272.04

73.1378.3886.2877.5362.7575.5588.62

61.7857.6055.9753.73

52.9884.4292 23

96.3890.6496 35

106. 75110 8488 80

103. 4655 9053 04

97 5888 70

107 76

104 2387 71

106 39103 88107 02

88 7175 6689 2593 61

83 81

62.3244 5464 5984 48

63.67

43 2343 9352 79

82.80r 88. 70r 94. 83

r 74. 89r 73. 42

69.0883.44

r 99. 70

r 104. 67

95.53

89.4094.53' 83. 02

r 96. 24r 97. 42r 95. 00r 96. 15r 99. 10

85. 46r 71. 82

74.09r 78. 94

87.13r 78. 87r 61. 18

76.89r 91. 35

r 60. 99T 58. 35

56.4154.46

53.34r 85. 67

93.53

' 96. 3891.8897.82

108. 79r 113. 70

91.21' 107. 23

58.2155.73

' 98. 81r 100. 50r 114. 68

r 109 18r 90. 45

r 108 11r 106 63

108. 49

T 89. 9676 4488 62

r 95 30

T 84 82

r 63. 41r 45 75

65 67r 85 17

r 63. 80

r 43 42T 44 Q4

59 40

r 82. 18' 88. 00r 93. 60

r 71.8970.4168.03

r 82. 62

r 100. 55

107. 86

96.05

>• 88. 9493. 61

' 81. 18

r 95. 6896. 0894.9496. 96

101. 71

r 84. 61

' 71. 31

r 74. 86r 79. 30

87.3380.0463.2077.1192.32

' 63. 76r 57. 90

56.2653. 80

r 54. 30r 87. 14

95.70

r 95. 8892.2597.92

r 111.90115.51'•93.11109. 88

«• 58. 2955.94

98.65

112. 73

110 0091. 10

109. 35110 62108. 78

89.5976 2488 6296. 17

85 05

64.4645 9467 2884 73

64.26

43 9343 384Q'f i f i

v 82. 59v 88. 44p 95. 58

P 73. 20

p 71.05p 84. 46

P 100. 69

p 89. 98v 92. 97v 82. 19

p 96. 32

p 84. 42v 72. 40

* 74. 47p 76. 78

p 57. 37p 59. 19

P 55. 57P 87. 55

p 97. 52p 92. 70

p 108. 00

p 93. 75

p 59. 06

r Revised. *> Preliminary.tSee note marked "f" on p. S-ll.9 Includes data for industries not shown.




19

Septem-ber

56

October Novem-ber

Decem-ber

Janu-ary

Febru-ary March

19

April

57



WAGES— Continued

Average hourly gross earnings (U. S. Department ofLabor) :f

All manufacturing industries. - _ _ _ . --dollarsExcluding overtime* do

Durable-goods industries _ _ doExcluding overtime* do


dollarsSawmills and Dlaning mills do

Furnitur0 and fixtures doStone clay, and glass products doPrimary metal industries 9 do

Blast' furnaces, steel works, and rolling millsdollars...

Primary smelting and refining of nonferrousmetals dollars

Fabricated metal prod, (except ordnance, ma-chinery, transportation equipment)., dollars. .

Machinery (except electrical) doElectrical machinery - - do _

Transportation equipment 9 - -- do

Aircraft and parts doShip and boat building and repairs doRailroad equipment do

Instruments and related products do_Miscellaneous mfg industries do

Nondurable-goods industries doExcluding overtime* do

Food and kindred products 9 -- - doIVTeat products doDairy products - do(Banning and preserving doBakery products - doBeverages do. _

Tobacco manufactures doTextile-mill products 9 do

Broad-woven fabric mills doKnitting mills do

Apparel and other finished textile productsdollars. .

Paper and allied products _ doPulp paper and paperboard mills do

Printing publishing, and allied industries d o _ _ _Chemicals and allied products do

Industrial organic chemicals do

Products of petroleum and coal do_ -Petroleum refining do

Rubber products do_Tires and inner tubes do

Leather and leather products do. -Footwear (except rubber) do


Metal doAnthracite doBituminous coal doCrude-petroleum and natural-gas production:

Petroleum and natural-gas prod dollarsNonm eta llic mining and quarrying - do

Contract construction doNonbuild ing construction _ _ doBuilding construction do

Transportation and public utilities:Local railways and bus lines do_ ~Telephone doTelegraph doGas and electric utilities _ do_

Wholesale and retail trade:"Wholesale trade doRetail trade (except eating and drinking places) 9

dollarsGeneral-merchandise stores doFood and liquor stores _ _ _ _ doAutomotive and accessories dealers do

Service and miscellaneous:JTotel5! vear-round doLaundries doCleaning and dyeing plants do

Miscellaneous wage data:Construction wage rates (ENR):§

Common labor dol. per hrSkilled labor - _ _ _ d o _ _ -

Farm wage rates, without board or room (quarterly)dol per hr

Railway wages (average, class I) _ __ doRoad-building wages, common labor (qtrly) do

1.961.902.072.012.20

1.801.821.681.972 28

2.48

2.24

2.052.201.98

2.302.322.292.242.372.021.74

1.821.761.832.001.751.551.812. 10

1.511.441.381.42

1.461.962.092.432.132 28

2.562.682.162.511.491.45

2.272.592.83

2.531.932.712.492.79

1.981.862.022.23

2.03

1.591 261.701.89

1.031.051.26

2.1873.391

.912.1071.76

1.981.912.102.032.20

1.811.821.701.972 36

2.52

2.24

2.072.211. 98

2.312.342.302 272.332.021.74

1.811. 751.801.981.741. 561.822.15

1.421.441.381.42

1.481.962. 102.432.142.28

2.542.662.172.531.501.46

2.312.622.77

2.471.942.742.512.81

1.971. 852.032.23

2.02

1.581.251.691.88

1.041.051.27

2.1923.412

2.097

2.011.932.142.062.23

1.811.821.721.982 43

2.61

2. 29

2.112.252.01

2.362.442.312.292.402. 051.76

1.821.761.812.001.761.571.832.13

1.381.451.391.43

1.481.972.112.462.142.30

2.592.702.202.551.511.46

2.362.602.80

2.541.962.772.532.84

1.981.862.032.24

2.04

1.591.261.711.87

1.051.061.28

2.1923.416

2.143

2.021.942.152.062.25

1.791.801.731.992 42

2.59

2.28

2.132.252.02

2.372 452.312.292 422.051.78

1.831.771.842.021.761. 601.832.14

1.391.491.441.43

1.491.982. 122.452. 142.29

2.572.672.202.561.511.46

2.332.682.92

2.491.972.792.552.86

1.981.862.032.26

2.03

1.591.261.711.85

1.051.061.28

2.1923.423

822.1001.90

2.031.962.162.082.25

1.771.781.722.012 44

2.61

2.28

2.122.252.03

2.392 472.322 332.382.051.78

1.841.781.892.121.771. 561.852.16

1.451.501.461.44

1.481.982. 122.452. 152. 30

2.572.672.172. 551. 521. 46

2.332.692.95

2.501.962.802.542 87

1.991.882.022.27

2.05

1.591.251.721.87

1.051.061.28

2. 1923.433

2.191

2.051.982.182.092.27

1.741.751.732.012 45

2.62

2.29

2.142.272.05

2.432 512.342.352.442.071.79

1.801.801. 902.111.791.611.832.16

1.481.501. 461.44

1.501. 992. 132.462. 162.31

2.572.672.242. 621.521.46

2.342. 962.98

2.521.902.822. 552. 89

2.001.922.022.28

2.06

1.551.211.711.87

1.061.071.28

2.1923.433

2.216

2.051.982.182 102.28

1.721.731.722.022 47

2.66

2.30

2.132.272.05

2.382 432 332.332 452.081.81

1.861.811.922.141.811.641.842.16

1.491.501.451.45

1.491.992. 122.462.162.31

2.592.682.232. 601.521.47

2.342.942 95

2.521.962.842.552.92

2.021.912.072.27

2.06

1.611.271.731.88

1.051.071.29

2.2123.458

.952. 1981.86

2.051.992.172 102.29

1.731.741.732.012 46

2.62

2.29

2.132.272.05

2.372 412 332.362 452.091.81

1.861.811.932.151.801.631.852.17

1.491.501.451.45

1.492.002. 132.482.172.32

2.562.652.222.591.531.48

2.352.982.93

2.511.952.842.562 91

2.021.922.082.27

2.06

1.611.281.741.88

1.051.071.28

2.2203,459

2.240

2.051 992. 182 112 30

1.771 771.732.022 46

2.62

2 30

2.142.282.06

2.382 412 352 372 472.101.81

1.871 811.932 131.811 661.842.19

1.531.501.451.46

1.502.002 132.492.172 33

2.572.662.212.561.541.49

2 362 872 93

2.501.952.842.552 91

2.021.922.092.28

2.07

1.621.281.741.89

1.051.071.28

2.2203.462

2.208

2.052 002.182 112 31

1.801 781.722.012 46

2.63

2 31

2.152.282.06

2.372 392 362 362 482.101.81

1.871.821.932 131.811 681.852.19

1.551.501.451.45

1.482.002 132.492.172 33

2.592.682.192.581.541.49

2.382 963.02

2.501.962.852.582 92

2.031.932.082.30

2.07

1.621.291.741.90

1.051.081.30

2.2253.467

922.2121.82

2.062.002.182.122.31

1.821.801.732.022 46

2.61

2.32

2.162.282.05

2.372.402.332.392.472.101.81

1.881.831.942.121.821.661.872.21

1.581.501.451.46

1.482.012.132.512.202.35

2.612.712.222.581.541.49

2.382.883.01

2.581.982.862.612.94

2.031.942.102.30

2.09

1.641.311.761.92

1.071.091.31

2.2563.488

2.236

2.072.012.192.132.33

'1.84••1.84

1.742.042 48

'2.63

2.33

2.172.30

'2.06

2.40'2.46'2.34

2.382.492.111.80

1.891.831.932.121.83

' 1.611.882.25

'1.581.501.451.46

1.492.032 172.512.232.38

2.66'2.78

2.23' 2. 59

1.541.49

'2.41'2 93' 3. 05

2.65'2.01' 2. 86

2.62'2 94

2.041 952.102.33

'2.11

'1.661 331.771.94

1.081.091.31

2. 2863.510

'2.072.012.202.14

'2.34

' 1. 821.811.742.05

' 2 52

2.71

2.36

2.182.30

'2.05

2.412 472.352.402 53

'2.111.81

1.901.84

' 1.922.131.841.581.892.23

' 1.611.501.451.45

'1.50' 2. 06

2 20'2.51

2.252 40

'2.692.79

' 2. 262.611.531.48

2.46

3.08

2.672.022.872.642 94

2.051 942 102.34

2 10

1.671 321.781.93

1 091.091.30

2.2993.543

93

1.88

P2.07

P2. 20

P2.36

P 1.83

p 1.75P 2. 06P 2 53

P2.20p2 . 29P 2. 06

P2 .42

P2.10P 1.81

p 1.89

p 1.91

p 1.49P 1.51

P 1. 51P2.06

P2.52P2.25

P2.66

p 2 27

P 1. 53

2. 3333.584

r Revised. p Preliminary. f See note marked " t" on p. S-ll. 9 Includes data for industries not shown.*Xew series. Excludes only overtime earnings paid at one and one-half times the straight-time rates for hours in excess of normally scheduled hours. No adjustment is made for other pre-

mium-payment provisions, e. g. holiday work, late-shift work, and overtime rates other than time and one-half. Data prior to 1955 will be shown later.§ Rates as of September 1, 1957: Common labor, $2.334; skilled labor, $3.585.




19E

Septem-ber

6

October Novem-ber

Decem-ber

Janu-ary

Febru-ary March

19

April

57


FINANCE

BANKING

Acceptances and commercial paper outstanding:Bankers' acceptances mil. of dolCommercial paper _ do

Agricultural loans and discounts outstanding of agen-cies supervised by the Farm Credit A dm.:

Total mil. of dolFarm mortgage loans' Federal land banks doLoans to cooperatives doOther loans and discounts _ __ _ _ do _

Bank debits total (344 centers) doNew York City do6 other centers cT do

Federal Reserve banks, condition, end of month:Assets, total 9 do

Reserve bank credit outstanding, total 9 doDiscounts a n d advances _ _ _ _ _ _ d oUnited States Government securities do

Gold certificate reserves do

Liabilities, total 9 doDeposits, total 9 -do

Member-bank reserve balances doExcess reserves (estimated) _ do

Federal Reserve notes in circulation do

Ratio of gold certificate reserves to deposit and FRnote liabilities combined percent.

Federal Reserve weekly reporting member banks,condition, Wednesday nearest end of month:

Deposits:Demand ad justed O mil of dolDemand, except interbank:

Individuals, partnerships, and corporationsmil of dol

States and political subdivisions doUnited States Government- _ _ do

Time except interbank, total 9 doIndividuals, partnerships, and corporations

mil of dolStates and political subdivisions do

Interbank (demand and time) do

Investments total doU. S. Government obligations, direct and guaran-

teed, total mil. of dolBills doCertificates doBonds and guaranteed obligations doNotes do

Other securities do

Loans (adjusted), totalO- __ doCommercial, industrial, and agricultural doTo brokers and dealers in securities doOther loans for purchasing or carrying securities

mil of dolReal-estate loans _ - doOther loans do

Money and interest rates :§Bank rates on business loans:

In 19 cities percentNew York City do7 other northern and eastern cities do11 southern and western cities do

Discount rate (N Y F R Bank1* doFederal intermediate credit bank loans doFederal land bank loans doOpen market rates, New York City:

Acceptances, prime, bankers' 90 days doCommercial paper, prime. 4-6 months do _Call loans renewal (N Y S E ) doYield on U. S. Govt. securities:

3-month bills do3-5 year taxable issues do

Savings deposits, balance to credit of depositors:New York State savings banks mil of dolU. S. postal savings^ - -- do

CONSUMER CREDIT J(Short- and Intermediate- term)

Total outstanding end of month mil of dol

Installment credit total do

Automobile paper doOther consumer-goods paper doRepair and modernization loans doPersonal loans. do

723509

2, 9561,656

356943

181. 28465, 87338, 653

50, 32724, 868

45223, 43821, 151

50, 32719,41618, 308

20426, 370

46.2

55, 556

57, 4924, 1682,085

20, 780

19, 5961,004

13, 359

33, 684

25, 978498350

19, 2425, 8887,706

50, 92528, 734

2, 269

1.2558,671

10, 864

2.753.334.33

2.433.274.00

2.3342.97

17, 0981,742

39, 478

30, 297

14, 3817,4211,7106,785

772548

2,9871, 675

375937

183, 81967, 27938, 206

50, 59325, 480

83223, 85421, 179

50, 59319,91118, 888

fill26, 510

45.6

55, 381

57, 0263 9283,648

20, 844

19, 6611, 005

12, 909

34, 421

26, 576548

1,18719, 1235,7187,845

51, 12029, 168

1, 948

1, 2358, 738

10, 895

3.003.344.33

2.653.284.14

2. 6063.36

17, 1351,720

39, 878

30, 644

14, 5307,4931,7346,887

805549

2,9801, 689

397893

167, 15461, 22334, 057

51, 30925, 487

66423, 68021,197

51, 30919.92718, 831

38126, 546

45.6

54,915

57, 4483, 8003,010

20, 921

19, 760971

13, 844

33, 857

25, 979486953

18, 9435, 5977,878

51, 79829, 849

1, 930

1, 2308, 794

10,871

4.354.204.394.53

3.003.424.46

2.883.504.38

2.8503.43

17, 2271,699

40, 074

30, 707

14, 5337,4971,7586,919

843573

2, 9661 709

441816

193,14070. 79440, 148

51, 39125, 236

53823, 76721, 223

51, 39119, 73418,668

20926, 567

45.8

56 069

58, 9804 0072,303

20, 912

19, 794929

13, 653

33 668

25, 961818790

18 8955, 4587 707

51, 99229 931

1 975

1 2088, 857

10, 900

3.003.514.46

2.883.634.38

2. 9613.29

17, 2471,681

40, 196

30, 811

14, 4787,6011,7816,951

924568

2, 9601 724

462774

185,22366, 98939, 425

52, 14526, 267

51824, 38521, 227

52, 14520, 20919, 208

48927, 064

44.9

56, 632

59, 2963 9092,877

20, 640

19, 556898

13, 609

33, 746

26, 1411, 260

76218,8405 2797, 60 n

52, 46130, 407

1, 915

1 2058, 855

10, 95f>

3.003.714.50

3.053.634 38

3.0003.49

17, 3721,665

40, 631

31, 024

14, 4497,7521,7977,026

967506

9 Q71l' 744

457770

201, 87677, 49540, 912

52, 91026, 699

5024,91521,269

52, 91020, 24919, 059

-3027, 476

44.6

57 629

61 , 9664 1832,181

21,017

19, 919916

15, 609

34 259

26, 7742 093

70318 7565 2^27 485

53, 37531, 1372 130

1 2088, 839

11 069

4 384 224 404 58

3. 003 894. 63

3.353.634 38

3.2303.65

17, 6261,649

41, 863

31, 552

14, 4368,1391,7937,184

1,012548

3,0031 763

454786

204, 43576, 46042, 596

5i,85325. 19,r

66823, 42121, 562

51, 85320, 20318 8S2

36526, 698

46.0

58, 076

59, 9514, 211

790

21, 336

20, 214939

12, 625

33, 521

26, 1011, 681

68018, 658

5, 0827, 420

51, 77630, 260

1,689

1 1828. 790

10, 868

3.003.984. 75

3.383.634 38

3.2103.40

17,6111,621

40, 916

31, 298

14, 3897, 9381,7727,199

992555

3, 0621.788

444829

177, 46867, 03536, 886

51. 38724, 704

59522, 88721, 626

51, 38719, 56618, 576

28226, 556

46.9

56, 370

59, 2284,0991,554

21, 554

20, 407964

12, 775

33, 259

25, 7231, 461

74618, 6384,8787, 536

51, 77930, 314

1,760

1 1488,762

10, 813

3.004.114.79

3.383.634.38

3.1653.33

17, 6571,598

40, 513

31, 233

14, 4107,8051,7597,259

1,019489

3,1201,817

423880

197, 15874, 78642, 113

51, 01624, 970

99423, 14921,627

51, 01 f19, 83518,620

11726, 454

46.7

55, 118

57, 1794, 0453, 946

22, 083

20, 8971, 004

13. 373

34, 309

26, 6351,2431,608

18, 5695,2157, 674

52, 94431,322

1, 952

1,1528, 691

10, 873

4.384.234.404.60

3.004.194.96

3.273.63

3.1403.38

17, 7951, 573

40, 503

31, 273

14, 5017, 6981, 7547,320

1,018466

3,1851 836

411938

192, 62872, 32840, 182

51, 49424, 960

82923, 16921, 635

51, 49419, 98318, 864

27626, 323

46.7

56, 213

58, 6354, 5452,822

22, 114

20, 8701, 063

13, 098

33, 675

26, 0341, 1251,311

18. 4585, 1407, 641

53, 45431, 450

2, 113

1, 1738, 679

11,086

3.004.205.04

3.203.63

3. 1133.48

17, 7801,542

41,015

31, 532

14, 6597,6711,7607,442

984483

3,2341,855

389990

197, 18171,78042, 128

51,61825, 2241,170

23, 10821,932

51,61820, 25219,049

69826, 476

46.9

55, 149

57, 3834,4393,214

22, 372

21,0821,111

12, 253

33, 486

25, 8781, 6651,581

18, 3944, 2387, 608

52, 75631,0771,765

1 1568, 661

11,144

3.004.225.08

3.253.63

3.0423.60

17, 8951,511

41, 707

31, 901

14, 8527,7311,7837,535

979454

3,2871 870

3841, 033

193, 30374, 51239, 942

51,36224, 816

55823, 03521, 945

51, 36219, 63018, 376

-16726, 682

47.4

r 54 307

r 57, 3064 2385,004

22 484

21 1711 125

7 13, 478r 33 922

>• 26, 310r 2 334

1 47518 0724,229

r 7 612r 54, 282r 32,310

r 1, 892r 1 184' 8, 649

r 11,303

4. 404 234 394 65

3.004 255. 17

3.363.79

3.3163.77

18, 058P 1, 463

42, 245

32, 344

15, 0927, 8061,8017,645

1,000459

3,3271 877

4091,041

200, 54774, 50941,711

24J 691420

23, 35521, 946

51, 75319. 79518.030

26, 67]

47.2

55 550

58, 2764 1692, 381

22 r)29

21 219

13. 352

32 797

25 2411. 5041 .°4?

18 1884. 2077 556

53,56831. 7381 660

1 14?8, 675

11,412

3 004 295.17

3.383.8S

3. 1653. 89

18, 023f 1,432

42 365

32, 699

15, 2957,8181, 8167.770

190, 53968, 40940, 194

51, 62625, 418

98623, 53921,939

51, 62620, 07918.975

"69626. 861

46.7

3.783.98

3.4043.91

18, 064

r Revised. » Preliminary.cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.Q Includes data not shown separately.QFor demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of

loans to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).§ For bond yields, see p. S-20.f Data a re as of end of consecutive 4-week periods ending in month indicated.I See corresponding note on p. S-17.




1956


berDecem-

ber

1957

Janu-ary


FINANCE—Continued

CONSUMER CREDIT*— Continued(Short- and Intermediate- term) — Continued

Total outstanding, end of month — ContinuedInstallment credit, total— Continued

By type of holder:Financial institutions, total-.. mil. of doL

Commercial banks doSales-finance companies . .. doCredit unions doC onsumer finance companies doOther do

Retail outlets, total doDepartment stores doFurniture stores _ doAutomobile dealers doOther . - - do _.

Noninstallment credit, total ._ do

Single-payment loans doCharge accounts doService credit . _ doBy type of holder:

Financial institutions - doRetail outlets doService credit _ _ do. _ .

Installment credit extended and repaid:Unadjusted:

Extended, total - -doAutomobile paper _ doOther consumer-goods paper doMl other do

Repaid, total do _Automobile paper doOther consumer-goods paper.. doAll other _. do ..

Adjusted:Extended, total do

Automobile paper ._ .do.- _Other consumer-goods paper doAll other . - . do..

Repaid, total .-do _ _Automobile paper . doOther consumer-goods paper . ..do ..All other do

FEDERAL GOVERNMENT FINANCE

Budgot receipts and expenditures:Receipts total mil. of dol

Receipts, net _ _ doCustoms doIncome and employment taxes-- ._ doMiscellaneous internal revenue doAll other receipts do

Expenditures, total _._ dO-._Interest on public debt - - .doVeterans' services and benefits doMajor national security _ _ .. doAll other expenditures do

Public debt and guaranteed obligations:Gross debt (direct), end of month, total do

Interest bearing, total doPublic issues doSpecial issues _ . - do

Noninterest bearing doObligations guaranteed by U. S. Government, end

of month . mil. of dolU. S. Savings bonds:

Amount outstanding, end of month doSales series E through K doRedemptions _ _ do

Federal business-type activities, end of quarter:fAssets, except interagency, total mil. of dol

Loans receivable total (less reserves) doTo aid agriculture doTo aid homeowners doForeign loans doAll other do

Commodities, supplies, and materials doU S Government securities doOther securities and investments doLand structures and equipment doAll other assets do

Liabilities, except interagency, total doBonds notes and debentures doOther liabilities do

Private proprietary interest doU. S. Government proprietary interest _-do - .

26, 19311,4768,8491 , 8802,8801,108

4, 1041, 239

967568

1,330

9,181

3,2613,6742,246

3, 2613, 6742,246

3, 3161,337

8721,107

3,1031,211

8681,024

3,2931,246

9251,122

3, 1581,227

8901,041

3, 9273, 485

632,601

970292

5, 542627361

2,9451,609

272, 645269, 972224,618

45, 3532,674

74

57, 717484749

26, 47511,5488, 9531 9332,9201,121

4, 1691,286

973575

1,335

9,234

3, 2953, 6962,243

3, 2953,6962,243

3,5041,393

9521,159

3, 1571, 244

8801, 033

3,3501, 258

9511,141

3,1451,212

8911,042

5,9594,954

644,7721,030

93

5,902567369

3,6081,357

275, 565272, 959226, 905

46, 0542, 606

79

57, 661436582

26, 5511 1 , 5488,9891 9602,9241,130

4, 1 561, 269

970576

1,341

9,367

3 3613, 7802,226

3 3613,7802,226

2,9811,150

840991

2,9181 147

836935

3. 1531,191

8831,079

3,0851,184

8921,009

6,8976,218

605,846

869122

4,918570353

3,152843

274, 261271, 660225, 827

45, 8342,601

85

57, 583355523

i 69, 14320, 331

7, 1603,3918,2292 208

20, 9493,7203, 668

10, 02810, 447

i 5, 9442,7993,1451 692

i 62, 506

26, 63511,6068, 9731 9942,9381,124

4, 1761, 269

974574

1,359

9,385

3, 3103, 8752,200

3,3103,8752,200

3, 3821,2841,0101,088

3,2781, 339

9061, 033

3,3631,308

9421,113

3,1821,283

8821,017

3,6603,184

752,1851,149

250

5,995582396

3,7501,267

275, 283272, 720227, 23845, 4822,563

89

57, 439414644

26, 84611 6349, 0752 0212, 9611 155

4,1781, 230

988573

1 387

9 607

3 4014 0292 177

3 4014 0292 177

3 3871 2251 0371 125

3 1741 254

8861 034

3 4531 354

9731 126

3 1601 231

9041 025

5 7054,818

634,4781 014

150

5,726580407

3,5641, 175

277, 017274, 471228, 74945, 7222,546

94

57, 231389692

27, 03811 6829. 1002 0483,0491, 159

4, 5141,4071,020

5721,515

10, 311

3 4214,7022,188

3 4214,7022,188

3,7351,1951 2661,274

3,2071 208

8791,120

3,3681,311

9391,118

3,1851,236

9181,031

5,8985,412

594, 570

894374

5,718631405

3,5761, 106

276 628274, 219228 581

45, 6392,408

103

57, 018390728

1 69, 87320 6576 7523,6808 2232 311

21, 3753 7393,6699 985

10, 448

i 6, 4382 7783,6601 918

i 62, 516

26, 93111 6169,0772 0453,0411, 152

4,3671,380

975568

1,444

9,618

3 3604 0852,173

3 3604 0852,173

3,0791,258

7771 044

3,3331 305

9781, 050

3 5121,477

8991,136

3,3111, 326

9351,050

5 2794,809

643,903

978333

6,095651410

3,7411,293

276 229273, 698228 367

45, 3312,531

107

56, 570496

1,070

26, 96711,6419,0352 0743,0511, 166

4, 2661,345

957568

1,396

9,280

3,4333,6622,185

3,4333,6622, 185

2,9541,214

7271,013

3,0191 193

860966

3,4961, 426

9141, 156

3, 2141,286

8741,054

7,4866,188

536,313

963157

5, 743585407

3,5761, 175

276, 269273, 919228, 44945, 4702,350

109

56, 317386728

27, 10111, 7119,0482 1083,0561,178

4,1721,298

936570

1,368

9,230

3 5273,5002,203

3 5273,5002,203

3,3191,374

8091, 136

3,2791,283

9161,080

3,2991,324

8781,097

3,1601,244

8751,041

12, 14510, 737

6610, 8871,063

129

5, 584601414

3,700869

274, 999272, 773227, 16945, 6032,226

109

56, 068384723

i 69, 89521, 353

7 2614,0768,2372, 107

21, 3033,9233,7299,8759,713

i 6, 7553,0433,713i 775

i 62, 364

27, 49311, 9609,1042 1543,0951,180

4,0391,170

922575

1,372

9,483

3 5363,6872,260

3,5363, 6872,260

3,5581,460

8561,242

3,2991,302

8831,114

3, 5051,389

8961,220

3,3011,317

8601,124

6, 1424,256

654,7991,008

270

5,987604419

3, 9131,051

274, 008272, 066226, 91545, 151

1,942

103

55, 836389707

27, 81012, 1239,1762 1943,1101,207

4,0911,222

923581

1,365

9,806

3,7413,7852,280

3,7413, 7852,280

3, 7091,511

9661,232

3, 3401,318

9061,116

3, 4851,349

9481,188

3,2741,303

8801,091

7,7595,282

646,4031,146

147

5,944604444

3, 7501,146

275, 234273, 074226, 93746, 1372,160

103

55, 586394737

28, 20512, 3009,3002 2553,1421,208

4,1391,243

923590

1,383

9,901

3 7023,9032,296

3 7023,9032,296

3,6381,490

9461,202

3,1951 250

8711, 074

3 4121,314

9391,159

3,2511, 258

9051,088

v 12,779v 11,648

v 58v 11,364

j>964*>392

» 6, 190p646

270 527268, 486221 658

46, 8272,042

107

54, 996362

1,076

28, 67512 4929,4762 3113,1941,202

4,0241,137

917598

1,372

9,666

3 5803,7672,319

3 5803 7672,319

3, 7971 558

9381 301

3 4421 355

9261, 161

3 5391 373

9241 242

3, 3501 315

9081 127

3 7343 057

702 2231 082

358

6,347659

272 469270 595224 27246 323

1 874

107

54, 631400890

273 845272 018225 308

46 7091 828

109

54, 3643927.50

r Revised. v Preliminary. l See note marked "t".t Revised to adjust to new survey and census information. For credit outstanding, the revisions begin with 1948 (except data for consumer finance companies which are separately available

from September 1950 only); for credit extensions and repayments, the revisions begin with 1940. See the October 1956 Federal Reserve Bulletin for all revisions prior to September 1955.t Figures beginning with the 1st quarter of 1956 are not comparable with those through 1955. They are the revised series reflecting expanded coverage and new classification of agencies now

reporting to the Treasury under Department Circular No. 966. Moreover, the 1956 and later data are not directly comparable from quarter to quarter, since activities covered vary; the June1956 figures include data for certain agencies (with total assets of $11,880 million) presently reporting only on an annual basis. The revised data cover the condition of public-enterprise andintragovernmental funds, certain other activities of the U. S. Government, and certain deposit and trust revolving funds. Interagency items are excluded except in the case of trust revolvingfunds.


S-18 SURVEY OF CURRENT BUSINESS September 10.77


1956


berDecem-

ber

1957

Janu-ary

Febru-ary March April May June July A«gust

FINANCE—Continued

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U. S. life insurance companies

mil. of dolBonds (book value), domestic and foreign, total

mil. of dol__U S Government _ _ _ do. _State, county, municipal (U. S.) - doPublic utility (U. S.) do. _Railroad ( U S ) doIndustrial and miscellaneous (U. S.) .. _ - d o _ - _

Stocks (book value) , domestic and foreign, totalmil. of dol

Preferred ( U S ) doCommon (U. S.) - _ _ d o

Mortgage loans total doNonfarm do

Real estate doPolicy loans and premium notes - do.Cash _ . _ _ . doOther assets _ do

Life Insurance Agency Management Association:Insurance written (new paid-for insurance):©

Value estimated total mil. of dolGroup and wholesale - -doIndustrial doOrdinarv total© _ do

New Eneland doMiddle Atlantic ._ .. _ doEast North Central doWest North Central _ _ _ doSouth Atlantic doEast South Central ...do...West South Central _ _ doMountain . _ _ doPacific do

Institute of Life Insurance:Payments to policyholders and beneficiaries, esti-

mated total mil. of dol..Death benefits doMatured endowments doDisability payments __ do__Annuitv payments doSurrender values _ d o _ _ _Policy dividends do

Life Insurance Association of America:Premium income (39 cos ) quarterlv total do

Accident and health do\nnuities doGroup doIndustrial doOrdinary ,. . do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U. S. (end of mo.) mil. of dol ._Net release from earmark § _ doExports __ _ _ _ _ _ thous. ofdoLImports __ _ doProduction, reported monthly total 9 do

Africa. _ _ _ _ _ _ ..doCanada doUnited States do

Silver:Exports _ .._ doImports. _ doPrice at New York dol. per fine oz.Production:

CanadaO _ _ _ _ _ thous. o f f i n e o zMexico doUnited States _ _ _ d o __

Money supply (end of month) :Currencv in circulation . mil. of dolDeposits and currency, total ... _ _^do_ _ _

Foreign banks deposits, net - - do _U. S. Government balances do

Deposits (adjusted) and currency, total^ doDemand deposits, adjusted^-. _ doTime deposits, adjusted^ ___ _ .do_ _ _Currency outside banks do

Turnover of demand deposits except interbank andU. S. Government, annual rate:

New York City ratio of debits to deposits6 other centersd"! do337 other reporting centers! - do

PROFITS AND DIVIDENDS (QUARTERLY)

Manufacturing corporations (Fed. Trade and SEC):fNet profit after taxes, all industries..-- ..mil. of dol__

Food and kindred products - do _Textile mill products _ _ _ _ _ _ _ d oLumber and wood products (except furniture)

mil. of do l__Paper and allied products do

93, 580

48, 5947,8862,191

13, 8353, 853

18, 256

2, 9951, 7271,254

31 61229, 1882 7113, 4001,0933, 175

4,307935521

2,851184637599221349122256107341

469.6204.751 09.3

43.879.181 7

21, 83043.9'452

5,262

52, 80012, 3005, 900

'37811, 647

.901

2,2673,6323,828

30. 604221, 400

3,1005,000

213, 300105, 20080, 70027, 400

45 929 622.4

93, 992

48, 6657,7782,206

13, 9033,853

18, 340

2,9981,7241,260

31, 89729, 4542 7273,4201,0643,221

4,6011,164

5452,892

182618622235353125263113347

478.3203.949.59.3

41.984.189.6

21,85843.2

944,804

53, 40012, 300

6, 300

21511, 723

.906

2,3154,1243,035

30, 757223, 000

3,1007,100

212, 800104, 50080, 90027, 500

44 427.421.3

94, 411

48, 7997,8052,213

13, 9053,850

18, 426

2,9681,7001, 253

32,11129, 6562,7483, 4401,0773, 268

4, 195985544

2,666171598572209321119241105299

425. 0171.845. 98.8

38.873.186.6

2, 258. 7354. 4270.3249.7209.2

1, 175. 1

21,88486.9

22, 0964,091

52, 20012, 4006,000

60016, 743

.908

2,5173,5202,828

30, 768224, 000

3,2006, 800

214, 100105, 40081, 30027, 400

44.827.422.0

3,670314

82

60157

94, 869

48, 9707,8502,218

13, 9143, 845

18, 537

2,9621,7001,247

32, 39929. 9382 7783, 4611,0933. 206

4. 856967569

3,320213789701258403139290119369

516.6223. 257.79.9

45.595.884.5

21,910—34.3

2504,845

52, 70012, 9006,200

96814, 081

.912

2,3793,9063,454

30, 839224, 800

3,1005,100

216, 600107. 40081, 50027, 700

45 228.422.1

95, 274

48, 9837,7492,229

13, 9633,842

18, 581

2,9701,7011,254

32, 70930, 2432 8133,4831,1093,207

4,805866531

3,408215838732260412145281114370

473.1197. 556.39. 1

44.186.080.1

21, 910105.7

23812, 740

52,50012,9005, 600

1,3299,435.914

2,4303, 7322,886

31, 424227, 000

3.4006, 500

217, 200108, 30080, 90028, 000

48 331.023.6

95 819

49, 0587,5322,237

13, 9973,839

18, 807

2,9061,6341,257

33, 01730, 5462 8093, 5031,2733, 253

7,1382,736

5563,846

224919816310442152332160445

590.9209.063.78.9

38.194.9

176.3

2, 673. 1403 1358. 2289. 0279.7

1, 343. 2

21, 94951.2353

3,090

50,50012, 8004 600

2728,869.914

2,3573 0483,168

31 790230, 510

3, 3065, 254

221, 950111.39]82, 22428, 335

51 829 923 3

4,25526296

35163

96, 316

49, 3247,5882,244

14, 0303,838

18, 951

2,9211, 6321 273

33, 27930, 810

2 8413,5231,1413.287

4,338705472

3,161210738673249364131295110354

595. 9236. 966.510.961.598.0

122.1

22, 252295.9

88, 38634, 498

T 53, 10012, 6005 000

2,4059,101

U914

2,1434,0662,997

30 614p 226, 400

p 3, 100p 3, 300

p 219, 900p 109 500p 82, 900p 27 400

48 330 0

r 22 9

96 738

49, 4707,5442,244

14, 0493,837

19, 084

2, 9331,6271,287

33, 47931,0012 8653, 5471,1033,341

5,0001,281

5093,210

211767679250372137283116347

495. 0207.456.48.9

41.994.486.0

22, 30428.0

41, 78711,980

51, 20012, 0004 400

9616,396.914

2,0053 7842,925

30, 575p 225, 100

P 3, 100p 3, 900

p 218, 000p 107 000v 83, 600p 27 400

48 930 2

r 22 9

97, 074

49, 5647,4272,251

14, 1103,840

19, 204

2,9411,6281,294

33, 67231, 1792 8833,5751,0563,383

5,6531, 158

5633,932

250959826301449165346136424

575. 8223.868.510.045.8

108.3119.4

2 470 1391 5311. 5284.9234 3

1, 247. 8

22, 30616.0

36, 31627, 511

54, 40013,2005 100

70711 232

.914

2,3084 2483, 360

30 585p 225, 400

p 3, 100P 5 100

p 217, 200p 105 200p 84, 600p 27 400

48 732 022 5

4 099224

66

12149

97, 488

49, 7677,4302,264

14, 1573,838

19,314

2,9511,6291,303

33, 84031,3342 9073,6061,0803,337

5,9071.510

5693.828

241949788282450168323135412

560. 8228.163 59.8

44.1110.6104.7

22, 318—5.8

18920, 967

54, 00012 9004 700

1,1837,958

.914r 2 199

3 2173,735

30 519p228. 100

p 3, 200p 5 500

p219, 500p!07 300?84, 900p27 400

46 930 322 3

97, 868

49, 8997,3402,290

14, 1823,843

19, 442

2, 9581,6301,309

34 02231, 4982 9483*6331,0583 350

6 2241,680

5743, 970

255983843309458173348150452

551. 5233 663 29 4

44 6108 792 0

22, 620285 4

14420 121

13 1005 000

1 3265 943

913

r 2 0904' 3362 486

30 836P228 200

p 3 200p 6 600

P218. 300p!04 800

80' 60027 OQO

47 130 523 2

98, 239

50, 0147.2702,290

14, 2593,841

19, 541

2,9561, 6201,317

34, 15931, 6202,9833,6571,1183. 352

5, 5451. 365

5213. 659

234898731297445158332136427

515. 6196.456. 79.3

45.0102.2106.0

2 389 7410 0241 7266. 4202 7

1, 268. 9

22, 623— 6 0

30410, 265

12 6005 800

1,04510 820

.905

2 167

3. 386

31 082p229, 000

p 3 400p 6 100

p219, 700p!05 500p86 300P97 gOO

51 4r 30 4r 23 1

99, 005

50, 4807,3062.323

14, 3393,837

19. 844

2, 9931,6221, 350

34, 35631, 7943 0043' 703l', 1133, 356

5 2811,090

4923. 699

232910770306428156333145419

551.2?33 4

54 79.6

46 5107 599 5

22, 627— 8168

2 825

91716 241

'903

2 859

30 933?229 300

p 3 300p 5 000

P221, 000^106 600

p86 600P27 800

49 5' T 30 6r 23 5

909

44 728 622 0

r Revised. P Preliminary.ORevisions for insurance written for January-August 1954 are shown in the November 1955 SURVEY. Revisions for silver production in Canada are shown as follows- January-Julv

1952 in the April 1956 SURVEY; January-September 1954, the December 1955 issue; January-December 1955, the March 1957 issue. 0Data for January 1956-April 1957 include revisions notdistributed by areas. § Or increase in earmarked gold (—). 9 Includes data not shown separately.

1 The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. J Revisions beginning with 1943 appear on p. 24 of the October 1955 SURVEY.fData beginning with 1956 are based on a new sample.


September 1957 SUEVEY OF CUREENT BUSINESS S-19


1956


berDecem-

ber

1957

Janu-ary


FINANCE—Continued

PROFITS AND DIVIDENDS— Continued

Manufacturing corporations! — ContinuedNet profit after taxes— Continued

Chemicals and allied products . mil. ofdoL.Petroleum refining _ _ __ _ do _Stone, clay, and glass products _ _ - do -Primary nonferrous metal - doPrimary iron and steel doFabricated metal products (except ordnance,

machinery, and transport, equip.) mil. of dol --Machinery (except electrical) doElectrical machinery doTransportation equipment (except motor vehicles,

etc ) - mil. of dol -Motor vehicles and parts doAll other manufacturing industries do

"Dividends paid (cash) all Industrie* doElectric utilities, net profit after taxes (Fed. Res.)

mil of dolRailways and telephone cos. (see pp. S-23 and S-24).

SECURITIES ISSUED

Commercial and Financial Chronicle:Securities issued, by type of security, total (new

capital and refunding) mil. of dolNew capital total do

Domestic total doCorporate doFederal agencies doMunicipal State etc do

Foreign do

Refunding total 9 doDomestic total do

Corporate doFederal agencies doMunicipal State etc do

Securities and Exchange Commission: %Estimated gross proceeds total do

By type of security:Bonds and notes total do

Corporate - do_Common stock doPreferred stock _ do __

By type of issuer:Corporate total 9 - do _ _

Manufacturing doMining - - doPublic utility doRailroad do. _Communication doReal estate and financial do

Noncorporate, total 9 do. _U S Government doState and municipal . ~ do

New corporate security issues:Estimated net proceeds, total d o _ _ _

Proposed uses of proceeds:New monev, total do

Plant and equipment doWorking capital _ - -do

Retirement of securities doOther purposes _ do -

State and municipal issues (Bond Buyer):Long-term thous. of dolShort-term - - do _ _ -

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. MembersCarrying Margin Accounts)

Cash on hand and in banks mil of dolCustomers' debit balances (net) doCustomers' free credit balances doMoney borrowed do

BondsPrices:

Average price of all listed bonds (N. Y. S. E.),total § dollars

Domestic doForeign _ _ _ _ _ _ _ _ _ _ _ _ _ d o _ _

Standard and Poor's Corporation:Industrial, utility, and railroad (Al+issues):

Composite (21 bonds) c?~_dol. per $100 bond__Domestic municipal (15 bonds) do

U. S Treasury bonds, taxable. do _ .Sales:

Total, excluding U. S. Government bonds:All registered exchanges:

Market value thous of dolFace value do

New York Stock Exchange:Market value doFace value - do. _.

1,5861,3541,327

9650

36227

23223219

2103

1,972

1,76790118916

1,106348

79241

10263105

865484379

1,089

1,0037542502660

378, 535194, 625

2,843858

2,242

95.2295.4678.92

110.2118.693.94

82, 80283, 150

81, 26181, 480

1,21286582749412520838

34734725

31012

1,493

1,3515519250

69321768

1572283

112

799436213

679

55037018025

104

213, 238207, 418

2,819872

2,086

93.8694.1077.61

108.4116.091.81

101, 631100, 885

99, 22898, 165

414688185194158

167365190

105166427

1,680

302

1,581

1,37368117633

89022142

2505557

239

691355336

873

8165133023523

335, 930178, 780

2,816866

2,113

93.5293.7677.46

105. 8113.891.43

86, 56886, 673

85, 56185, 454

1,892

1,603485150139

773330

15232

296969

1,118414646

756

6604901701184

645, 718294, 244

2,784835

2,131

93.0993.3377.35

105.2112.891.53

83, 60689, 818

82. 29288; 320

1,829

1.157451627

45

1,12316878

15639

60038

706389311

1,110

1,0489051432141

311, 354327, 959

2,817822

2,114

92.1492.4275.09

103.7109.090.22

96, 407101, 520

95, 082100, 010

451827162194410

145375190

129378435

2,259

331

1,955

1,75691518316

1,11453818

1604476

153

841390427

1,098

1,049737312

1139

427, 298148, 455

3362,866

8782,195

91 5991.9171.94

102.8108.188.74

144, 608152, 555

143, 305150, 956

2,432

2,25491614434

1,09439624

25151

107191

1,337496685

1,075

1,026794232

1138

685, 472325, 574

3432,790

8662,006

93.3393.6973.00

102.8108.689.96

116,182120, 730

114,750119,016

2,123

1,769761329

26

1,11655843

2652247

113

1,007386569

1, 092

927724203

22144

568, 928454, 707

3222,764

8282,057

93.3393.5776.71

104.2110. 991. 51

93, 60693, 715

92, 47192, 390

453806120176390

149385236

120467346

1,804

T 393

3,248

2,9341,072

27638

1,38637718

51439

28493

1,8621,327

503

1,365

1.2711,106

1652173

503, 237146, 928

3132,741

8202,005

93.4193.6577.04

104.4110.090.88

85, 42091, 927

84, 30590, 671

2,362

2,05364726446

95632421

364284896

1,406390763

937

864653211

1361

763, 411204, 961

3192,820

8072,104

92.4892.7276.62

104.3109.890.45

105, 432104, 640

104, 304103, 350

1,785

1,6756918525

80214211

363548373

983394539

786

7075581491564

538, 533337, 264

320r 2, 833

8172,115

91.6291.8578.23

103.2106.989.41

91, 94996, 698

90, 49094, 864

327

' 2, 401

' 1, 9281,074

40766

1,547660

2044425

139213

'854362

•"388

1,520

1,4191,051

3683169

>• 387, 502r 152, 644

3212,918

8202,156

90.1090.3277.28

101.0103.587.12

98, 622103, 748

97, 613102, 590

1 877

1 62798322822

983288

62472350

315

894400465

965

889453436

70

' 516, 182r 271, 697

3272,917

8292,137

89.9390.1675. 93

100.0103. 586.88

94 431101,398

93, 18699, 907

575, 109271, 830

98.3101.286.92

' Revised. » Preliminary. ! Less than $500,000.fData beginning with 1956 are based on a new sample.9 Includes data not shown separately. t Revisions for January-March 1956 will be shown later.§ Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds.cf Number of bonds represents number currently used; the change in the number does not affect the continuity of series.




1956


berDecem-

ber

1957

Janu-ary


FINANCE—Continued

SECURITY MARKETS— Continued

Bonds — Continued

Sales— ContinuedNew York Stock Exchange, exclusive of stopped

sales face value total§ thous ofdolU. S. Government - - doOther thin TJ S Government total § do

Domestic - do._Foreign do

Value, issues listed on N. Y. S. E.:Market value, total, all issues! mil. of doL-

Domestic doForeign do

Face value, total, all Issues! doDomestic doForeign do

Yields:Domestic corporate (Moody 's) percent. _

By ratings:Aaa. . do...Aa doA do--Baa do

By groups:Industrial - doPublic utility .. do..-Railroad do

Domestic municipal:Bond Buyer (20 bonds) doStandard and Poor's Corp (15 bonds) do

U S. Treasury bonds taxable do

Stocks

Cash dividend payments publicly reported:Total dividend payments mil of dol

Finance doManufacturing. -do- -Mining doPublic utilities:

Communications _ _ _ .- doElectric and gas do

Railroad _ __ . _ do.Trade doMiscellaneous - -do

Dividend rates, prices, yields, and earnings, commonstocks (Moody's):

Dividends per share, annual rate (200 stocks) dollars. .Industrial (125 stocks) . _ doPublic utility (24 stocks) doRailroad (25 'stocks) doBank (15 stocks) doInsurance (1C stocks) - _ __do . _

Price per share, end of month (200 stocks) 9 - --doIndustrial (125 stocks) _ __ _ doPublic utility (24 stocks) doRailroad (25 stocks) -do

Yield (200 stocks) percentIndustrial (125 stocks) _ doPublic utilitv (24 stocks) . doRailroad (25 stocks) _ _ _ d o - -Bank (15 stocks) . doInsurance (10 stocks) .. _ _ ... -do

Earnings per share (at annual rate), quarterly:Industrial (125 stocks) dollarsPublic utility (24 stocks) doRailroad (25 stocks) do

Dividend yields, preferred stocks, 14 high-grade(Standard and Poor's Corp.) percent

Prices:Dow-Jones & Co., Inc. (65 stocks) dol. per share ...

Industrial (30 stocks) - ._ do .Public utility (15 stocks) . doRailroad (20 stocks) do

Standard and Poor's Corporation: fIndustrial, public utility, and railroad re?1

Combined index (500 stocks) 1941-43=10..Industrial, total (425 stocks) 9 ... do

Capital goods (129 stocks) doConsumers' goods (196 stocks) do

Public utility (50 stocks) doRailroad (25 stocks) . ... _ do

Banks, N. Y. C. (14 stocks) do .Fire insurance (17 stocks) do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value _. __ ..mil. ofdolShares sold thousand s

On New York Stock Exchange:Market value mil. ofdolShares sold thousands

Exclusive of odd lot and stopped sales (N. Y.Times) _ _ _ _ .thousands

Shares listed, New York Stock Exchange:Market value, all listed shares ..mil. of dol. .Number of shares listed millions.

73, 1260

73, 12668, 0905,036

103. 137101,239

1,276108.314106, 053

1,616

3.50

3.283.393. 523.80

3.423.483.59

2.712.782.97

731.8147.9254.1

8.0

140.594.716.661.78.3

5.355.852.323.933.364.01

138. 29158.9851.9874.92

3,873.684.465.254.253.05

4.16

180. 77509. 7669.70

168.35

48.7852.2750. 8735. 4833. 0134.6324.1127.61

2,883101,691

2,43468, 752

45, 713

229, 4234,314

79, 7900

79, 79075, 647

4, 133

101, 56699, 7031,252

108, 210105, 952

1,613

3.62

3.433.503.633.93

3.553.603.72

2.902.943.15

292.864.3

122.93.3

1.276.36.5

10.38.0

5.355.852.323.973.394.01

133. 20152. 7250. 3670.22

4.023.834.615.654.243.20

4.24

180. 38511.6970.00

165. 00

48.4951.8951. 4435. 5333.3933.7224.1427.55

3,15597, 039

2,67061, 630

44, 532

221, 1604,333

73, 7400

73, 74070, 0813, 659

100, 58898, 7281,251

107, 555105, 295

1,615

3.75

3.563.633.734.07

3.683.733.83

2.903.073.19

1, 591. 4105.3

1, 080. 9117.9

40.9120.359.942.323.9

5.365.862.323.973.394.01

126. 56145. 0648.4266.92

4.244.044.795.934.173.34

8.703.358.05

4.39

173. 96495. 0167.67

157. 98

46.8450. 1549.5934.8432.2931.9824.4325.91

2,43681, 802

2,06454, 661

37, 227

210, 0154,380

76, 8806

76, 87472,0114,863

100, 29198, 510

1,247107, 736105, 554

1,612

3.82

3.593.693.814.17

3.753.823.89

3.083.143.18

749.8142. 6269. 6

9.5

140.596.119.361.910.3

5.395.892.333.983.454.01

127. 34146. 1748. 4668.22

4.234.034,815.834.233.22

4.42

171.12483. 8066.08

158. 96

46. 2449. 5248.6334.4131. 6732.2224.6125.97

2,61989, 935

2,24762, 299

40, 342

211, 6274,402

105, 81029

105, 781100, 601

5, 180

99, 38297,6631,211

107, 861105, 677

1,613

3.90

3.693.763.904.24

3.823.864.01

3.243.383.30

314.479.7

127.66.4

1.278.03.4

10.77.4

5.385.882.374. 053.454.01

126. 44145. 0448.7267.24

4.254.054.866.024.373.30

4.56

169. 73479. 3466.71

155. 81

45.7648.9248.2733. 6031.8231.7324.1725.95

2,79789, 818

2,40461 537

43, 550

211, 4124,420

124, 985103

124, 882120, 353

4, 525

99. 02297, 3581,159

108, 109105, 929

1,611

3.99

3.753.853.984.37

3.953.934.08

3.233.443.43

2, 217. 4267.7

1,372.9217.0

45.3130.391.555.836.9

5.395.882.374.063.543.99

130. 66150. 7448.9667.59

4.133.904.846.014.413.28

11.453.359.91

4.63

172. 41492. 0167.61

154. 41

46.4449.7949.5933.3831.7031. 7524.4625.17

2,64296, 157

2,27264 816

46, 422

219, 1764,462

94, 0600

94, 06089, 4584, 590

100, 95199, 2531, 165

108, 165105, 933

1,596

4.04

3.773.894.014.49

4.023. 984.12

3.073.40

-3.33

801.5168.5268. 9

8.5

141.390.737.877.38.5

5.435.902.404.133.523.99

125. 90142. 8050.0565. 97

4.314.134.806.264.443.15

4.51

171.73485. 9069.73

152. 75

45.4348.4348.4832. 6232.3231.3624.3225. 86

3,035113,712

2,58977, 245

48, 161

211, 9974,489

74, 80235

74, 76771, 8622,883

101,31799, 5031,223

108,557106, 336

1,595

3.99

3.673.833.994.47

3.943.974.06

3.053.263.20

335.4103.1116.2

3.0

1.280.67.3

18.45.6

5.445.912.414.113. 523.99

122. 54138. 5349.9862.74

4.444.274.826.554.593.10

4.47

165. 68466. 8470.44

143. 02

43.4746.1046.4331.5532.2929.5923.2926.70

2,330115, 443

1,99787, 467

37, 575

207, 7194, 556

77, 75835

77, 72373, 9333,783

101, 60599, 7841,228

108, 769106, 548

1, 595

3.97

3.663.803.974.43

3.903.954.04

3.073.323.25

1, 670. 7107.7

1, 129. 1127.5

42.0119.074.445.026.0

5.445.912.424.113.524.00

125. 14141.9849.8863.56

4.354.164.856.474.582.99

r 11.103 366 38

4.46

167. 16472. 7871.09

143. 12

44.0346.8646.5632. OS32. 4529.3723.6027.80

2,06096, 133

1,72067, 115

35, 652

212, 3294,570

90, 0650

90, 06586, 1203,935

100, 65798, 8471,227

108, 845106, 613

1,602

3.96

3.673.793.954.44

3.893.944.06

3.233.333.30

762.3133.4272.0

8.1

140.7107.227.063.610.3

5.445.912.434.093.574.00

130. 64149. 4250.3764.81

4.163.964.826.314.612.92

4.47

170. 86485. 4272.02

145. 83

45.0548.0648.2632.6733.0329.7823.2228.38

2,681108, 533

2,26773 000

48, 310

221, 5954,587

87, 5371

87, 53683, 3064,227

100, 06198, 0601,351

109, 208106, 765

1,727

4.02

3.743.833.994.52

3.963.984.13

3.353.523.39

300.062.4

130.62.6

1.381.23.4

11.57.0

5.445.902.434.093.624.00

134.19154.3151 8564.55

4 053.824 696.344,772.91

4.53

175. 04500. 8373.91

146 64

46.7850.1050. 1133.6434.0330.4223.2528.31

3,296112, 428

2,81872 669

52, 559

228, 5854, 656

87, 6260

87, 62683, 0734,538

98, 48396, 5091, 335

109, 299106, 855

1,728

4.15

3.913.984.094.63

4.144.064.26

3.403.753.61

1, 679. 0107.2

1, 120. 6125.7

41.7132.673.951.226.1

5.435.892.434.093.644.00

134. 03155. 2348.9664.79

4.053.794.966.314.842.97

* 10 85» 3 31v 6 74

4.69

174. 95505. 3372.14

145 67

47.5551.3050 9233.5933 3530. 1122.9527.99

2,987107 489

2 54372 584

44, 479

227, 9284,678

84, 054o

84, 05279, 8814,159

98, 35196, 4471,263

109, 359106, 976

1,664

4.26

3.994.104.204.73

4.194.194.39

3.473.753.63

763. 6146.5280.9

7.4

141.095.518.462.011.9

5.445.912.424.093.624.00

135. 80157. 6649.6066. 03

4.013.754.886.194.683.05

4.75

177. 76514. 6470.81

150 84

48.5152.5452.1534.8632.9331.2023.5727.73

3,09198, 574

2,62065 617

48, 262

229. 9244, 705

4.37

4.104.214.354. 82

4.294. 334.49

3.563.913.62

316. 265. 7

129.42.5

1.383.010.214.59.6

5.445.922.424.083.664.00

129. 12148. 8348.5261.25

4.213.984.996.664.623.34

4.83

168. 95487. 9768.49

142 41

45.8449.5148 1833. 6531 8929.52

25.66

41, 409

r Revised. *> Preliminary.§ Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of

all listed bonds shown on p. S-19. 9 Includes data not shown separately.tRevised series, reflecting expanded coverage (effective March 1,1957) and use of new base period; index level now approximates average price level of all stocks listed on N. Y. Stock Ex-

change. For back record, 500-stocks series has been linked to former 90-composite; back indexes will be published later.d" Number of stocks represents number currently used; the change in the number does not affect the continuity of series.


September 1957 SUKVEY OF CURRENT BUSINESS S-21

Unless other wise stated, statistics through 1954 anddescriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS

1956


berDecem-

ber

1957

Jan-uary


INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)}

Exports of goods and. services total mil of dolMilitary transfers under grants, net doMerchandise, adjusted, excluding military trans-

actions© mil. of dolIncome on investments abroad doOther services and military transactions do

Import^ of goods and services total do

Income on foreicm investments in TI S. doIVTilitarv expenditures do

Balance on goods and services do

Unilateral transfers (net) total doPrivate doGovernment do

U" S long- and short-term capital (net), total doPrivate do

Foreign long- and short-term capital (net) do

Errors and omissions -- do

FOREIGN TRADE

Indexes

Exports of U. S. merchandise^Quantity 1936-38= 100__Value doUnit value do

Imports for consumption :tQuantity do.. _Value - -doUnit value -- do

Agricultural products, quantity:Exports, U. S. merchandise, total:

Unad'usted 1924-29—100Scasonallv adjusted do

Total, excluding cotton:

Seasonallv adjusted doImports for consumption:

Unad justed doSeasonally adjusted do

Shipping Weight

Water-borne trade:Export^ incl reexports § thous. of long tonsGeneral im ports do

Value*

Exports (mdse.), including reexports, totals-mil, of dol-Bv geographic regions: A

Africa thous. of dol..Asia and Oceania _. doEurope do

Northern North America __ doSouthern North America doSouth America _ _ _ d o

By leading countries:AAfrica:

Egvpt _- _ _ . -do_ _Union of South Africa . do.

Asia and Oceania:Australia including New Guinea doBritish Malava do_ ..China, including Manchuria _ do.India and Pakistan doJapan _ . . . _ do .._Indonesia __ _ _ d o _ _Republic of the Philippines - do

Europe:France _ d o _East Germany - - -- doWest Germany . _ . _. ._. - ..do. .Italy _ _ . _ d o . _Union of Soviet Socialist Republics doUnited Kingdom _ _ _ _ _ _ _ _ ._. _do _

North and South America:Canada do

Latin American Republics, total? doArgentina - _ _ , . _ do, _Brazil doChile _ _ _ _ - do

Colombia doCuba doMexico _ _ . - do. _Venezuela . . -. ..- . do_-

312660211

177509288

(')-( i ) . -

0)-(0~

110109

11,18512,436

1 , 620. 0

49, 199239. 871339, 654

307, 640145. 957152, 706

6, 57818, 476

13, 0822,761

033, 74367, 05511,92924, 445

44, 665113

49, 87333, 504

28550, 674

307, 635

281, 73019, 25125,19513, 633

25, 84833, 43965, 932

1 45,701

298623209

178508286

98104

12, 67613, 866

1, 529. 0

48, 815234, 575403, 883

310, 368158, 014167, 982

3,30419, 785

11, 4753, 717

036, 06371, 19814, 17325, 263

48, 2370

62, 28939, 247

4963, 243

310, 360

308, 77321, 32828, 19713, 895

26, 58741, 66768, 46150, 892

6 135437

4. 096669933

5,0693 154

155653

1, 107

+1, 066

-954-127-827

-985-801— 184

+825—164+212

293620212

169486288

99101

11, 73812,361

1, 523. 0

46, 926225. 782461, 759

312, 615150, 038161, 394

4,75919, 313

19, 3734,169

025, 99665, 08714,93127, 396

49, 0720

67, 72163, 175

12388, 031

312, 614

293. 71316,71225. 67818, 320

25, 99941, 10160, 07350, 055

321676211

191549288

9696

12, 49713, 832

1,659.1

44, 538278, 174458, 740

368, 7121 72, 284168, 972

2,60318, 798

18, 8373,548

034, 20698, 60615, 82028, 931

47, 68664

71, 13551, 444

6692, 686

368, 710

323, 15816, 74725. 20816, 498

24, 85047, 65973. 57558, 3f 5

291619213

169488289

8487

12, 39811,204

1,519.5

33, 519231, 684411, 721

355, 538172,187150, 621

1,01714, 773

15, 1882,663

030, 35091, 59612, 50324, 363

40, 47696

66, 94834, 896

1487, 717

355, 532

302, 82917, 13821, 33815, 105

15, 56842, 49280, 53255, 166

6 938417

4. 859746916

4 8433 211

163685784

+2, 095

—1, 049— 132-917

-1, 1801 079—101

— 16227

+323

379812214

176509289

9493

13, 58110,717

1, 993. 1

55, 927364, 154670, 328

320, 302200, 869199, 789

2, 37624. 615

20, 4614, 720

063, 822

119, 39219, 14131, 467

66, 8610

111,67966, 151

585121, 991

320, 300

372. 06026, 60729, 74818, 580

15, 14356, 16174, 09977, 829

312682219

186542292

109107

11, 43411. 167

1, 674. 9

54, 422304, 799538, 243

302, 387167, 488169.916

2.14021, 912

13, 7514,057

248, 415

113, 92012, 47225, 100

63, 52132

82, 04354, 247

53104, 769

302, 379

316, 73021, 24826, 17916,355

12, 66947, 96667. 04064, 918

298653219

166489294

9897

11, 2449,679

1,605.3

42, 480287, 206488, 099

311,997164, 886140, 040

4.53616. 803

10, 8082.889

446, 999

110, 4537, 207

26, 702

55, 6336

81, 43064, 389

11093, 679

311 986

286, 19821, 05423 79510, 479

10, 95746 25170, 43553, 627

r" 267T 605

T 5, 085r 621r 956

r 5 018r 3 288

r ]fij

' 840r 799

'+2. 249

r 1 182T J47

r 1 035

r — 1,038r 78Q

T 258

r -2348

r +321

396872220

185548296

10594

14, 719r 10 811

2, 142. 7

71,213393, 636650, 580

360, 204212, 133249, 248

4,24829, 653

20 8544.020

059, 717

131,00913. 94442, 496

73, 8614

96,81580, 065

78123, 844

360 202

433, 78233, 86337 25322 598

20, 59063 74180, 26791. 175

345757219

181530293

10094

14, 37011,493

1, 862. 2

69, 745339, 398513, 784

371, 532191, 130217, 265

2,66222, 915

13, 0053, 925

053, 823

126, 49411,39032, 410

55, 16296

81, 19357, 890

11288, 171

371, 509

381, 53931, 57643 37616, 485

14.17150 27374, 01779, 698

339737218

182531292

9698

1,811.3

66, 069325, 888475, 998

371, 242181, 662222, 062

3,72127, 347

16, 6663,574

043, 307

125, 3969, 635

30, 221

54, 00557

81, 40356, 438

11785, 639

371, 192

380, 49627, 53741 33719 310

16 00148 79375 85985, 657

7 761885

5, 136725

1,015

5 2513 337

152840922

+2, 510

1 561138

1 423

-1,4431 258

185

+514325

+305

336725216

164478292

7782

1, 781. 6

53, 933315, 955467, 335

353, 676165, 524217, 003

2,92423, 424

15 6443, 608

349, 225

110, 5028, 058

31,731

50, 2680

70, 32551, 667

1877, 248

353 644

364, 10323 73552 57115 999

17 26943 68771 62078, 940

1, 690. 6

47, 106283, 023427 290

319,873159 242203. 702

3, 13922 401

12 4653 287

044 483

100, 7959 450

24 416

48 9207

77, 42141, 062

90876, 840

319 854

346, 18119 24238 20817 007

22 48246 75366 08076, 336

r Revised. ? Preliminary. ' Revised indexes will be published later.{Revisions for 1953, 1954, 1955 (1st quarter), and 1956 (1st quarter) for balance of payments and for January 1954-January 1956 for foreign trade will be shown later.©Adjusted for balance-of-payinents purposes, mainly for valuation, coverage, and timing. cf Excludes military expenditures.§ Excludes "special category" shipments and all commodities exported under foreigri-aic1. programs as Department of Defense controlled cargo.1 Data include shipments (military and economic aid) under the Mutual Security Program." Total MSP military shipments (includine, sine'.1 early 1956, also "consumables and construc-

tion" shipments) are as follows (mil. dol.): July 1956-July 1957, respectively—350.6; 157.9; 107.1; 110.5; 119.8, 122.7; 97.1;"l21.4; 129.4; 83.7; 102.2: 134.1: 186.8.AExcludes "special category" shipments. 9 Includes countries not shown separately.




1956


berDecem-

ber

1957

Janu-ary


INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued

FOREIGN TRADE— Continued

Value{— Continued

Exports of U S merchandise total^f mil. ofdolBy economic classes :cf

Crude materials thous. of dolCrude foodstuffs - - doManufactured foodstuffs and beverages 9 doSemimanufactures 9 - doFinished manufactures ? " do

By principal commodities:Agricultural products total© do_-

Cotton unmanufactured - do --Fruits vegetables and preparations doGrains and preparations - doPacking-house products doTobacco and manufactures - - do

Nonagricultural products total© mil ofdolAutomobiles, parts, and accessories

thous of dolChemicals and related products! doCoal and related fuels doIron and steel-mill products do

Machinery total §© doAgricultural - - doTractors parts and accessories doElectrical - - doM!etalworking§ doOther industrial - do- -

Petroleum and products doTextiles and manufactures do

General imports total mil of dolBy geographic regions:

\frica thous ofdolAsia and Oceania _ _ d oFurope doNorthern North America doSouthern North America doSouth America do

By leading countries:Africa:

E^ypt doUnion of South Africa do

Asia and Oceania:Australia including New Guinea doBritish Malaya doChina including Manchuria doIndia and Pakistan _doJapan doIndonesia _do_Republic of the Philippines do

Europe:France doEast Germany do_West Germany doItaly doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada do

Latin American Republics total© doArgentina doBrazil doChile doColombia doCuba doMexico doVenezuela -do

Imports for consumption, total mil. of dolBy economic classes:

Crude materials thous ofdolCrude foodstuffs doManufactured foodstuffs and beverages doSemimanufactures _ _ -doFinished manufactures do

By principal commodities:Agricultural products, total© do

Cocoa or cacao beans incl shells doCoffee ' doHides and skins doRubber crude including guayule doSugar doTVool and mohair unmanufactured do

Nonagricultural products, total© doFurs and manufactures do__Nonferrous ores, metals, and manufactures, total

thous. of doL_Copper incl ore and manufactures doTin, including ore - - do

Paper base stocks doNewsprint _ doPetroleum and products do

1, 608. 8

148, 133110,94497, 608

198, 3331,053,804

277, 42919, 91830, 197

112, 28622, 39221,519

1, 331. 4

127, 211103, 40968, 30366, 123

365, 01211, 56428, 745

136, 19317, 229

159,309

57, 38041, 845

1, 050. 7

48, 865181, 012239, 594243, 541116, 923220, 722

4147,960

14, 47016, 346

60418, 05646, 62211,31121, 493

20, 093548

40, 46716, 7062,171

58, 733

243, 506

315, 5099,321

75, 20516, 43036, 14640, 63232,39159, 721

1, 044. 9

248, 139190. 195100, 029235, 889270, 676

340, 04910, 803

140, 7034,928

24, 83142, 68418, 307

704, 8795,694

107, 09138, 97711, 59930, 29859, 947

110, 145

1, 518. 8

212, 206113, 192104, 836204, 498884, 084

333, 13465, 72626, 754

124, 26221, 66129,531

1, 185. 7

110, 473105, 31980, 68760, 697

304, 69110, 06531, 16979, 13916, 808

155, 818

58, 57651, 520

1, 050. 6

47, 251192, 964232, 730267, 495110, 786199, 323

72913, 075

7,10316, 7061,700

21,80258, 61812, 18624, 222

20, 914372

42, 03318, 4011,921

57, 563

267, 395

284, 75411, 55659, 09016, 86532, 06646, 99525, 92955,816

1, 042. 7

262, 475146, 388107, 490247, 528278, 847

304, 4798,173

99, 7046,494

22, 98146, 59119, 276

738, 2484,939

119, 80041, 58012, 90631, 91060, 289

104, 772

1,511.2

256, 56995, 662

104, 745231, 959822, 228

366, 92280, 92330, 40097, 92723, 38661, 930

1, 144. 2

96, 430108, 60373, 71086, 021

290. 6168,623

26, 92975, 66618, 840

148, 766

57, 99452, 232

992.8

46, 129162, 580223, 866232, 66095, 969

231, 573

4498,442

11, 04713, 592

59917, 51444, 38513, 23719, 059

14, 984631

37, 70816, 703

85558, 931

232, 660

304, 4827,717

79, 24119, 29540, 41236, 49328, 58256, 704

996.3

244, 036181, 02891, 735

229, 690249, 852

320, 4866,748

139, 2823,308

25, 66137, 46114, 398

675, 8564,553

113, 20536, 07413, 05327, 75952, 400

104, 179

1, 647. 0

280, 105118,627120, 614241, 276886, 373

426, 85492, 20740, 678

121, 93325, 26652, 640

1, 220. 1

104, 49599, 81874, 961

105, 814

326, 47610, 61632, 74580, 25819, 654

171, 085

59, 76458, 009

1, 115. 5

46, 898205, 159287, 660276, 472100, 719198, 600

4257,068

13, 82621, 0951,132

23, 72056, 00515, 78219, 335

22, 903419

50, 72024, 9663,751

72, 002

276, 204

268, 9069, 140

59, 70120, 74423, 99131, 32825, 99359, 664

1, 126. 4

279, 927143, 384100, 869281, 790320, 467

289, 0456,414

98, 9064, 356

32, 65326, 69417, 328

837, 3926,527

135, 71847, 17716, 80032, 22162, 913

121 499

1, 508. 4

262, 093107, 92190, 035

220, 363827, 969

355, 75483, 20232, 832

103, 33520, 74732, 055

1, 152. 6

110, 28286, 34369, 76194, 433

272, 6526,750

25,11870, 48520, 552

137, 858

91, 13648, 658

984.3

38, 052152, 871264, 169250, 184

94, 564184, 461

4388,698

6,84121, 966

13813, 04945, 05517, 43916, 254

21, 284429

44, 16919, 4342,936

62, 043

249, 943

254, 3936,714

47, 90915, 53625, 33918, 66429, 41067, 886

1,001.0

236, 442131, 53779, 536

259, 861293, 666

256, 9066,103

93, 8693,307

30, 39414, 86113, 989

744, 1373,218

115, 18431, 06115, 56828, 31459, 852

104, 435

1, 979. 1

357, 184134, 717141, 373323, 758

1,022,087

541, 627144, 30331, 879

156, 04634, 55145, 608

1, 437. 5

152, 616117, 11161, 957

120, 178

348, 5787,373

31, 58786, 88425, 167

182, 546

126, 40762, 839

1,051.3

51, 667169, 642272, 146237, 254113,715206, 836

2,65111, 447

15, 42819, 958

55618, 94444, 03918, 42812, 358

19, 304315

50, 09524, 2351,127

65, 631

237, 220

294, 4459,004

53, 69029, 27629, 70221, 36633, 92664, 340

1, 044. 1

252, 885167, 61582, 201

268, 133273, 266

308, 26111,516

115, 7853,866

36, 24718, 58715, 258

735, 83811, 555

136, 84545, 96814, 54825, 56656, 915

108, 021

1, 662. 3

279, 351118,011102, 535289, 000873, 437

421, 819122, 59824, 532

123, 14333, 48625, 806

1, 240. 5

125, 696102, 78255, 448

110, 100

300, 1919,001

29, 97369, 29519, 729

157, 833

108, 42650, 925

1,118.5

57, 078185, 055268, 256213, 917147, 958246, 242

1,9829,803

16, 94016, 064

67124, 79847, 55616, 58428, 904

25, 019455

41, 22021, 9361,018

58, 078

213, 798

363, 85113, 10673, 39121, 77235, 28641, 55043, 93079, 514

1, 110. 9

259, 576200, 433102, 948263, 812284, 106

377, 60920, 189

141, 7584,242

29, 61644, 06725, 016

733, 26610, 523

129, 73947, 53310, 83025, 74555, 072

125, 022

1, 591. 2

267, 979116, 89793, 448

284, 363828, 481

393, 978122, 81423, 368

126, 83825, 73123, 289

1, 197. 2

101, 85099, 112

104, 153

279, 85511,62529, 60267, 37416, 707

142, 451

112, 55049, 930

992.3

46, 1 12147, 469214, 288216, 662139, 672228, 059

1,5756,086

14, 48612, 7481,644

15, 42638, 68313, 83621, 489

17, 362601

40. 90616, 3071,943

49, 882

216, 626

334, 06411, 53278, 43715,07635, 51735, 16139. 92768, 929

1, 002. 1

228, 295207, 46688, 288

230, 715247, 370

355, 7239,405

163, 3513,590

25, 09538, 60323, 474

646, 4128,796

104, 51937, 2468,956

27, 35152, 936

113 908

2, 126. 0

320, 680129, 738134, 272364, 593

1,176,694

466, 442120, 10927, 278

149, 20336, 06927, 464

1, 659. 5

161, 130139, Oil70, 961

146, 351

424, 17815, 75248, 12791,61930, 805

221, 127

142, 22273, 274

1, 130. 3

71, 565178. 256278, 316234, 123145, 575222, 439

1,47011, 358

11, 56516, 600

92225, 73646, 63514, 63429, 009

21, 939493

52, 12420, 927

56671, 687

234, 086

331, 96714, 53263, 47617, 12325, 46045, 53037, 19380, 353

1, 124. 9

264, 568177, 038113, 535266, 217303, 496

356, 87014, 256

119, 8335,342

27, 96345, 11523, 322

767, 9849,125

125, 64440, 00711, 53126, 01353,689

130, 670

1 845 8

273, 986124, 089101 232310, 685

1,035,782

385, 54892, 21829, 089

134. 87028, 44725, 114

1, 460. 2

142, 987124, 25079, 561

131, 680

371, 63417, 06837, 47784, 63630, 227

187, 222

106, 76559, 497

1, 117. 5

52, 307186, 389284, 674237, 889132, 495223, 754

63310, 063

14, 43817 511

57522, 16749. 07717, 20726, 233

26, 257430

53, 61119, 3381 038

70, 308

237, 860

322, 88912, 01049, 07924, 84930, 61940, 82136, 45184, 887

1, 086. 6

258, 999152, 103108, 788259, 458307, 240

329, 9118 347

106, 3024,928

38, 24041, 90319, 344

756, 6775,581

120, 81637 5639, 610

24 13357, 970

128 559

1, 796. 2

264, 182110,93188, 997

300, 5931,031,493

362, 181100, 94234, 031

106,61327, 44926, 668

1,434 0

147 769134, 11580,631

126, 727

385, 51614, 53836, 97889,61527, 218

201,956

80, 14860, 631

1, 101. 9

46, 721185, 491268, 779259, 481137, 202204, 253

1,1477,838

14, 56518,564

10419, 67149, 34316, 25022, 926

21, 023312

50, 47617, 1741 636

66, 394

259, 168

311, 80511, 87146, 18113, 93424, 52147, 56836, 97886, 630

1, 088. 5

268, 417147, 109112, 237258, 292302, 456

311, 2567,752

96, 9844,442

31, 26942, 81415, 357

777, 2557,562

122, 09531, 82413, 47525, 95957, 139

131, 559

fl,764 3

248, 254134, 10299, 131

279, 2381,003,534

380, 54580, 74331, 953

129, 66629, 67535, 724

1 383 7

113,280112, 53284, 443

126, 687

354, 04012, 47831, 12580, 86225, 902

190, 558

70, 21153, 153

982.6

41, 497159, 071243,216239, 721126, 978172, 097

2059,052

13, 21311, 764

6521, 22841, 23410, 26521,075

20, 862194

44, 66219, 6962,364

57, 372

239, 600

271, 79313, 46539,41114, 66416, 83141, 68433, 92470, 397

979.4

248, 082126, 00198, 752

233, 271273 251

259, 78913, 30778, 2994,363

18,86841, 22814, 866

719, 5685,524

109, 42626 698

7,97924 06652, 791

120 796

1,674 5

224 45097. 46892 884

264, 236995 477

315, 93263, 72231 42596, 03222 89026, 675

1 358 6

107 857115 12177 921

125 088

345 39212 39428 29396 87628 789

175, 510

62, 00745 283

P! 137 0

r Revised. *> Preliminary. $ Revisions for January 1954-January 1956 will be shown later. 1 See similar note on p. S-21.cTData for January-June 1956 are based on classifications in Schedule G and are not entirely comparable with other months.9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures. Effective with the October 1956 SURVEY, private relief shipments of food

products are included under manufactured foodstuffs rather than under finished manufactures, where they had been reported through 1955.©Includes data not shown separately.§Excludes "special category, type 1" exports.




1956


berDecem-

ber

1957

Janu-ary


TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Operations on scheduled airlines :§Miles flown revenue _ thousands. _Fxpress and freight ton-miles flown doMail ton -miles flown doPassengers originated revenue do__Passenger-miles flown revenue _ _ .millions. _

Express Operations

Transportation revenues ..thous, of dol__Fxpress privilege payments - do.

Local Transit Lines

Fares averasre cash rate O - - centsPassengers carried revenue _ _ millions. _Operating revenues mil. of dol

Large Motor Carriers (Intercity)

Carriers of property (quarterly totals) :UNumber of reportincr carriersOperatin^ revenues total thous. of dol

Revenue freight carried thous. of tons

Carriers of passengers, class I (quarterly totals):Number of reporting carriersOperating revenues total thous. of dol__Expenses total - --do. __Revenue passengers carried thousands

Class I Railways

Freight carloadings (A. A. R.^d1©Total cars thousands..

Coal doCoke doForest products doGrain and grain products _do_livestock - -- doOre -- -- do ___Merchandise 1 c 1 doMiscellaneous do.

Freight carloadings (Federal Reserve indexes):©Total unadjusted 1935-39=100..

Coal doCoke doForest products do_Grain and grain products _ doLivestock - doOre doMerchandise 1 c 1 doMiscellaneous do

Total seasonally adjusted doCoa'l - - do_ _Coke - - doForest products - doGrain and grain products do _ _Livestock - do_Ore - - _ - d oMerchandise 1 c 1 doMiscellaneous do

Freight-car surplus and shortage, daily average:©Car surplus total 9 number

Boxcars - doGondolas and open hoppers do

Car shortage, total 9 doBoxcars - doGondolas and open hoppers do

Financial operations:©

Freight doPassenger do

Operating expenses doTax accruals, joint facility and equipment rents

mil of dolNet railway operating income doNet incomej do

Operating results:©Freight carried 1 mile mil of ton-miles

P s pr pirried 1 mile revenue millions

Waterway Traffic

Clearances, vessels in foreign trade:Total TJ S ports thous of net tons

Foreign vessels doUnited States vessels do

Panama Canal:Total thous. of long tons

In United States vessels _ _ _ do. _

54, 89118, 0696,8103,0971,878

30, 09410, 664

15.0653

111.0

2,397396

171782452785

2181,230

1108755

151179517836

121

1078757

151149584936

120

24, 8062,577

17, 6834,0142,966

735

807.6670.772.2

654.4

91 861.443.3

48, 3041.4392,792

13 2889,6443,644

3,8711,022

55, 58222, 2567,4083,3922,007

33, 13413, 508

15.1681

115.0

- 3, 700'686-45

-246-276-47

-308-304

- 1, 787

12611311815915567

22438

135

12311312315214371

14938

134

14, 3863,2187,5196,8822,9053,561

907 3764.770.9

679.7

124 0103 686. 7

57 3501 3802 745

14 47610 7883,688

3,5761,048

53, 36822, 7477,0183,3011,902

32, 03811,354

15. 1685

106.4

887888, 184848, 78857, 084

147115, 90193, 66174, 588

3,93870059

22826260

418304

1,908

13812015615115491

31340

150

12712015714013869

20838

139

4,715446148

12, 3714,3167,604

874.9745.259.3

657.9

119 597.477.6

57, 6061 3422 241

13 0309,9893,041

3,559891

55, 16525 1117,8923,4211,879

37, 79716 415

15.2772

123.3

3,28458449

181227

59349249

1,584

13812015514615910330439

149

12812015813815967

21538

137

3,763270

15, 8836,0859,174

963 2828.056.5

699.4

142 1121.7103.1

60 7301 3962 094

13 82610 5523,274

3,8781,055

51, 67122 8037,5223 0401,656

34, 42712 262

15 2735

120 6

2,988563

50166203

44265230

1,468

132122166140147

7722437

144

12812216614315061

21537

138

4,2281,104

247,8442,3555,345

887 6758 857.4

687.1

112 787 868. 1

55 2911 4072 047

12 4679 7152,752

3,743905

54, 23223 34410, 4822,9161,765

41, 02415, 393

15.4739

124.4

881955, 411935, 31760, 661

14994, 41588, 35969, 084

3,39268465

19424633

168263

1,741

12111417012714346

11034

135

13311416214215248

35435

143

6,6371,052

1913,5071,0242,408

871 0720.671.3

689.3

95 985 895.4

54, 1081.3682 601

12 6209,8882,732

4,6081,200

56, 255- 20 430- 7, 865

3 0451,896

31, 3919 758

15 5728

119.3

2,56552852

155201

2481

2001,324

117112171128147447233

130

13011216314314746

29035

142

13, 3315,776

3261, 646

551976

855 6724.965.8

688.6

108 758.343.1

51, 5911 4522 347

11 7779,3082,469

4,253959

- 51, 68218 2727,3972 8081,702

30, 1259 019

15 6668

110 6

2,61652155

1542022183

2171,364

116109173128144387735

130

12710916313414747

30736

138

8,3293,274

3742,4061,272

989

815 5695.957.6

643.3

106 465.747.0

49, 4051.4481,981

10, 8498,5552,294

3,897930

- 59, 22420 930' 8, 242-3 326

2,006

33, 44511 823

15.7732

117.6

848924, 470892, 707

59, 397

15084, 76786, 03963, 154

3,44669166

20326428

119290

1,784

120114166131148408237

134

13011416513116051

28336

141

6,4282,331

5431,8511,118

619

903.6776.958.0

690.1

123 689.971.2

56, 9771.4132,012

13, 22910, 2612,968

4,8131,229

57, 71620 390'8 125- 3 370

2,008

29 8279 347

15 7730

120 2

2,69652549

157192

22151225

1,375

11710815312713540

14235

130

12010815612715345

18835

132

8,5533,132

3881,203

348694

886 1758.859.7

690.4

114 581.260.6

52, 9621.4632,068

4,397975

- 59 863- 23 609-8 356

3 4332,016

22 5064 939

15 7743

120 3

2,88853245

15919123

321220

1,396

12211014212913440

29035

131

11911014312415344

18835

130

16, 3398,915

204889134662

906.5780.559.7

713.6

112.280.864.5

56, 5901.4242,040

4,5861,282

59 65522 3967 6283 7072,333

22, 2156 236

15.7661

108.8

3,631680

5220323623

441264

1,731

12411413213413633

31334

133

11911413512913343

20234

129

24, 24816, 797

2401,773

1171,517

867. 9735.267.8

685.8

108 174.057.3

54, 477

4,5221,233

15.8648

2,70740541

14925120

363201

1,277

11890

13612718336

33133

126

11390

14012615243

20733

125

20, 4379, 2854,2781,608

672859

4,4411,087

3,73668355

20927829

437275

1,770

12611313913515542

30535

134

12111314512914344

20335

133

12, 7496,829

842,798

6832,015

T Revised.§Beginning January 1955, data include local service operations of one carrier. G Revisions for January-December 1954 are available upon request.feata beginning 1st quarter 1955 cover large motor carriers having annual operating revenues of $1,000,000 or above.©Beginning January 1956, data cover the revised I. C. C. list of class I railroads; i. e., carriers having annual operating revenues of $3,000,000 or more (old basis, $1,000,000 or more).c? Data for August, September, and December 1956 and March, June, and August 1957 are for 5 weeks; other months, 4 weeks. 9 Includes data not shown separately..{Revision for June 1956, $77, 700,000.




1956

July August Seg£mJ October Novem-ber

Decem-ber

Janu-ary

Febru-ary March

19

April

57


TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

TravelHotels:

Average sale per occupied room _ _ _ dollars. .Rooms occupied _ _ percent of total. .Restaurant sales index same month 1929 =100. .

Foreign travel:U S citizens: Arrivals number

Departures -doAliens* Arrivals do

Departures doPassports issued and renewed do

National parks, visitors __ thousands.-Pullman Co.:

Revenue passenger-miles .millions. .Passenger revenues thous. of dol

COMMUNICATIONS

Telephone carriers:Operating revenues 9 -- thous. of dol__

Station revenues doTolls message do

Operating expenses, before taxes _ doNet operating income doPhones in service, end of month thousands. _

Telegraph, cable, and radiotelegraph carriers:Wire-telegraph:

Operating revenues - thous. of dol__Operating expenses, inch depreciation doNet operating revenues do

Ocean-cable:Operating revenues doOperating expenses, incl. depreciation do _ _Net operating revenues do

Radiotelegraph:Operating revenues doOperating expenses, incl. depreciation __ .doNet operating revenues do

7.4864

240

144, 294157,53982, 19252, 60354, 5124,706

5517,807

504, 721286, 352174, 157339, 207

67, 68350, 819

19, 01318,019

90

2, 8392,140

434

3,1772,440

628

8.3771

273

168,916133, 98186, 16155, 47241, 0014,660

5617,941

519, 153289, 298184, 899345, 07771, 48551, 097

20, 54418, 5421,114

2,8262,143

440

3,3072,484

705

8.1774

268

144, 661101, 62296, 13052, 42831, 9302,214

5067,159

503, 100290, 175167, 680328,31871, 62751, 392

19, 56517, 5501,354

2,7602,106

408

3,0442,384

580

8.5881

278

110,80890, 22380, 99147, 48431, 5781,151

5087,238

528, 393298, 202184, 414352, 786

72, 53651,722

21, 83918, 3722,676

2,9522, 164

520

3,4072,519

823

8.3969

257

88, 65378, 79675,11643, 13924, 299

461

4616, 554

520, 872297, 972176, 933352, 456

68, 72952, 034

20, 25017, 8791,713

3,0782, 205

626

3, 6562, 5191,069

7.5357

241

85, 98790, 27269, 45850 45823, 001

290

5217,397

536, 491304, 385185. 135348, 942

78, 94052, 475

20, 82818, 1352,264

3,0942,072

728

3,5692,653

814

7.9172

262

86, 98995, 82676, 05235, 27139, 245

302

5898,979

538, 572307, 397184, 278353, 586

74, 12252, 897

20, 68018, 2991,371

3, 0342,231

528

3,5912,641

843

8.0774

270

91,217104,61863, 30634 48449, 970

364

5247,989

520, 662303, 413170, 471332, 369

76, 02553, 156

19, 18216. 9241.306

2,6892,249

197

3,3322,443

791

7.8871

253

109. 421116,92087, 01045 94269, 146

480

5067,711

539, 632306. 349186, 255355, 372

75, 78853, 431

20, 60017, 8591,763

2.8792.340

272

3,5012,567

833

8.4373

268

103 026115,17985 42345 46576. 301

726

4597, 001

548, 780311,431189, 272362. 395

75, 81553. 741

2] , 03318,3171,732

2.8242,313

239

3,4132,545

767

7.8473

312

105, 765

83, 063

82, 7551,183

4J66,342

556, 390312, 830195, 422370, 365

75, 66454, 005

21, 69918, 9661,733

3,0552,486

287

3, 5672,622

844

8.3972

289

57, 2083,127

4697,124

546, 793312, 606185, 727356, 43578, 33954, 201

20, 77218, 123

1,692

2 8402,381

192

3,3452,629

609

7.9363

252

51, 8925,033

42 320

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:©Ammonia, synthetic anhydrous (commercial)

short tons- -Calcium carbide (commercial) doCarbon dioxi&e, liquid, gas, and solid _ _ d o _ _Chlorine gas doHydrochloric acid (100% HC1) . _ . do

Nitric acid (100% HNOs)t doOxygen (high purity) _ mil. of cu. ft.Phosphoric acid (50% HsPOO short tons.-Sodium carbonate (soda ash), synthetic (58%, NazO)

short tons_Sodium bichromate and chromate ___ _ do _Sodium hydroxide (100% NaOH) doSodium silicate, soluble silicate glass (anhydrous)

short tons.Sodium sulfate (Glauber's salt and crude salt cake)t

short tonsSulfuric acid:

Production (100%H2SO4)t thous. of short tons..Price, wholesale, 66°, tanks, at works

dol. per short ton _Organic chemicals :cf

Acetic acid (synthetic and natural), productionthous. of Ib.-

Acetic anhydride, production -_ . _ do . . _ _\cetylsalicylicacid (aspiriia), production doAlcohol, ethyl:

Production _ _ _ _ _ _ _ _ _ thous. o f proof g a lStocks, end of month, total do

In industrial alcohol bonded warehouses. ..doIn denaturing plants do

Used f o r denaturation. _ _ _ _ _ d oWithdrawn tax-paid . _ _ _ -do _ _ .

Alcohol, denatured:Production thous. of wine ga l__Consumption (withdrawals) doStocks, end of month _ _ _ d o _ _ .

Creosote oil, production thous. of gal__DDT, production thous. of lb__Ethvl acetate (85%), production _ _do _.Ethylene gly col, production do .__Formaldehyde (37% HCHO), production do _.Glycerin, refined, ail grades:

Production _do _Consumption doStocks, end of month do

Methanol, production:Natural . thous. of gal-Synthetic _ _ - _ _ d o _ _ _

Phthalic anhydride, production thous. of lb._

248, 38474, 49095, 002

255, 54157, 777

184,6711,524

235, 900

402, 9267, 779

283, 019

45, 569

62, 258

1,139

22.35

44, 48073, 7971,271

40. 04440, 61328, 89811,71538, 960

574

20, 93219 0508, 678

i 5, 36811, 9276,736

72, 26386, 139

13, 91414, 14246. 357

20019, 05424, 965

242, 58476, 71894, 183

298. 79968, 513

205,0932, 416

263, 647

409, 00810, 344

327, 407

51,929

67, 097

1,200

22.35

47, 92272, 2021.046

38, 20143, 57630, 80712, 77036, 692

917

19, 77020 9307. 356

9,12312, 1388,111

84, 495108, 512

20, 76715, 78548, 127

19619, 72024, 143

257, 01481, 69377. 232

320, 88277, 549

197,4142,643

289, 747

403, 41410, 263

354, 664

47, 597

72, 782

1,287

22.35

45. 69274, 8081,003

32, 94240, 07830, 486

9, 59140, 054

900

21,48719 1159, 964

10,11211,9126,969

89, 261114, 430

19, 70515, 52348, 862

19817,46822, 690

272, 70894, 47209, 367

333, 77580, 799

207,7452,883

320, 709

423. 46810, 657

366, 521

60, 779

76, 418

1,380

22.35

49, 34370, 2771,356

36, 06637, 29027, 15710, 13238, 4981,120

20, 76920 10610, 588

11,69910, 94910, 17195, 494

119,056

20, 66616, 92848, 094

18920, 00427, 002

264, 43692, 63759, 904

329, 45780, 754

209,7462,809

279, 192

401,91910,115

358, 153

65, 837

75, 024

1,327

22.35

46, 85375, 1221,488

36, 65633, 84425, 4038,441

36. 2401,307

19, 58818 88111. 178

12, 17210, 6418,285

90, 119116,914

22, 65616, 10350, 618

15619, 40825, 041

290, 51292, 79356, 790

341, 12578, 875

231,6302, 893

275,711

394, 4979,649

375, 554

50, 677

75, 265

1,339

22. 35

49, 73790, 3781,618

36, 45933, 85825, 5338, 325

35, 0591,098

18, 89919 86510, 421

14, 26711, 2018,306

95, 181107, 918

19, 62415 27651,018

T7221,31227, 093

302, 50489, 27554, 253

334, 40378, 852

237, 5192,802

337. 694

379, 5499,285

365, 413

55, 869

76. 657

1,386

22.35

53, 62885, 4281,491

36, 32233, 33725, 7777,560

42, 818943

23, 05321 14012, 194

7,97810, 8788,748

93, 089109, 149

22,81117, 02951, 634

17120, 50325, 561

294. 10377 75453, 435

291 42875, 145

231 1482,109

351, 157

376, 7318,871

321 922

50. 786

69, 546

1,310

22.35

41, 22774, 9461 512

32, 76631 21423, 869

7 34533, 326

925

17, 89618 37012. 135

8,9559,3115,702

82, 526105, 976

19, 64215,34551, 974

16618; 14427, 242

320, 73386 26860, 643

326 59980, 957

250,0402.524

380, 992

414, 8799,642

354, 297

54, 466

76, 249

1,418

22.35

41, 13676. 9851.208

35. 42929 41820, 7918 626

35, 253834

19. 04020 36511,' 064

9,79611, 5226,371

89, 577111,620

20, 79916 64152, 058

19718, 70127, 080

321, 52987 44366. 550

327 92076, 241

245 2412 502

356, 352

403, 7369, 860

360 937

53, 137

74, 626

1,382

22.35

32, 73864, 3051 570

33, 63128 05118. 7349 317

35, 275736

19, 04719 8869^746

10,41411,7667,420

97, 156105, 163

21,55616 02654, 348

19316,64730, 226

334, 20981 09881, 677

342 81374, 049

253 2872,619

383, 249

400, 6989,649

378 190

55, 470

73, 093

' 1, 422

22.35

38, 89561, 5461 473

33, 44426 51017, 5308 980

r 33 5011.044

18, 133r iQ 046

8 181

11,05212, 8806 061

98, 873104 614

21 87317 78255' 095

20116, 32931, 444

r 308, 75574 752

T 91, 533329 048r 73, 214

212 616r 2 393

r 331, 083

377, 2029,341

r356 715r 48, 497

66, 537r 1,309

22.35

46, 98267, 3771 223

31, 75526 59718, 0188 579

30, 7931,071

r 16, 66517 7525 978

9,60311, 0238 151

98, 789102 705

17 91815 90453 629

18714, 10830, 519

293, 61183 009

102 157332 893

76 128

210 1252 400

331 608

358, 7416 286

363 444

41, 156

65, 448

1,286

P 22. 35

16 85315 63852? 065

186

r Revised. » Preliminary. 1 Incomplete; comparable amount for June 1956, 10,509,000 gallons.9Includes data not shown separately. ©Revisions for 1954 and 1955 will be published later.tRevised to include amounts produced in Government-owned privately operated plants: data for 1954 and 1955 on same basis will be published later.cf Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.




1956


berDecem-

ber

1957

Janu-ary


CHEMICALS AND ALLIED PRODUCTS—Continued

FERTILIZERS

Consumption (10 States)© thous. of short tonsExports, total? _ _ _ _ __ _ _ short tons _

Nitrogenous materials doPhosphate materials 9 doPotash materials do

Imports total 9 doNitrogenous materials total? do

Nitrate of soda 9 doPhosphate materials doPotash materials do

Price, wholesale, nitrate of soda, crude, f. o. b. cars,port warehouses dol per short ton

Potash deliveries short tonsSuperphosphate (100% available phosphoric acid):

Production .... short tons..Stocks, end of month __ .. do.

MISCELLAiNEOUS

Explosives (industrial), shipments:Black blasting powder thous oflbHigh explosives do

Sulfur (native):Production thous. of lone tonsStocks (producers') end of month do

FATS, OILS, OILSEEDS, AND BYPRODUCTS

Animal fats and greases 'd"Tallow, edible:

Production thous. of lbConsumption, factorv^l ! - - doStock (incl refined grades) end of month do

Tallow and grease (except wool), inedible:Production t doConsumption factorv^f ! doStocks (excl refined grades) end of month do

Fish and marine mammal oils:AProduction t doConsumption factory! doStocks end of month do

Vegetable oils, oilseeds, and byproducts:Vegetable oils, total:

Production crude J mil o f lbConsumption crude factory! doStocks, end of month:!

Crude J doRefined ! do

Exports 9 thous. of IbImports, total 9 _ _ do

Paint oils doAll other vegetable oils 9 do

Copra:Consumption factory short tonsStocks, end of month doImports do

Coconut or copra oil:Production:

Crude thous. of lbRefined do

Consumption, factory:!Crude doRefined do

Stocks, end of month:Crude - doRefined! do

Imports 9 do

Cottonseed:!Receipts at mills thous. of short tonsConsumption (crush) doStocks at mills end of month do

Cottonseed cake and meal:!Production short tonsStocks at mills, end. of month do

Cottonseed oil, crude:!Production thous. of IbStocks, end of month do

Cottonseed oil, refined:Production doConsumption, factory! do

In margarine ._, _ _ do. _ _

Stocks end of month! mil. oflbPrice, wholesale, drums (N. Y.) dol. per lb_

237613, 473

69 233509, 481

29 828

70, 69042 3096,2127, 3696,099

51.25

92, 399

136, 778404, 796

38970, 574

6213,494

17,09014, 42216, 377

207, 829104, 126329, 256

39, 2149,053

85, 977

364376

519426

119, 26344, 895

5,72839, 167

29, 64310, 83022, 350

38, 13827, 650

44, 21125, 816

61, 16013, 45613, 587

142119177

62, 286164, 187

43, 47240, 375

34, 60784, 29813, 986

244.190

187470, 57671 239

339, 88547 438

129,89167 116

014, 52224, 081

51.25

124, 323

143, 456406, 665

44882, 333

5983, 637

17,83620, 19711. 679

223, 301140. 555311, 126

37, 68811,45786, 981

395456

471348

103, 39045, 2482, 937

42, 312

25, 87913, 35027, 474

33, 59032, 345

52, 16533, 397

51, 86113, 06827, 033

365182361

85, 222120, 288

58, 10852, 108

47 268104, 90217, 671

180.190

246382, 82155 303

294, 71818 229

143 91970 165

018,31132, 946

51.25

139, 283

171, 604393, 665

41578, 839

5243,681

14,71216, 5577 895

198, 140131,086297, 957

21, 7039.748

114, 465

497448

503313

119, 37824, 9921,215

23, 777

25, 17116, 69026, 523

32, 58631, 906

50, 55329, 379

61,76713, 62011, 368

1,274526

1,108

249, 069140, 916

165, 47896, 275

69, 43296, 97719, 353

158.190

422490, 56578 341

350, 39248 759

146, 06686 5978,859

12, 76923 233

49.50

147, 407

207, 487393, 426

44188, 843

5293, 706

18, 30519, 2008, 386

225, 356144, 904299, 535

14, 72212, Of>9

115, 838

699624

548343

105, 89139, 0406,616

32, 424

35, 50412, 96731, 265

45, 05933, 630

52. 41432, 175

58, 39111, 48311,392

1,573722

1,959

346, 400170, 814

241, 749147, 953

161, 282124, 42423, 681

197.200

461380, 619

52 707279, 72739 574

238 657184 35883, 7073,080

37,214

49 50

160 260

208 098401, 524

64077, 063

5153,852

21,31517, 7641 2, 1 09

239, 443131,692337, 568

7, 96411,302

115,366

649580

584384

98, 02941, 2473, 263

37, 983

27, 230

36, 783

34, 51031, 081

47 12327, 982

59, 51615,91723, 557

1,071677

2,353

327, 720186, 106

229, 605173, 802

159, 780127, 95424, 474

227.208

368368, 56191 922

226, 04135 031

227, 306158 937

78 70210,21839 842

49.50

179, 599

207,611414, 207

49467, 568

5343, 936

20, 25715,61218, 986

225, 051128, 883342, 194

12,27114,738

102,606

614553

616409

191, 24735, 709

1,83033, 879

27, 503

23, 484

35, 09728, 776

45, 76027, 961

70, 27415, 73917, 262

340570

2,123

274, 304187, 819

192, 572178, 477

146, 516122, 13828, 825

237.208

384391, 54168 610

264, 03842 660

167 168113 04330 483

7, 33620 606

49 50

162,814

219, 855414, 922

54670, 01 5

4953, 998

22, 83721.53720, 279

236, 928145,000349, 056

1,0311 3, 62687, 079

647573

602447

165,79747, 121

2, 47644, 645

30, 27716,78728, 697

38, 96730, 670

50, 09428, 906

73, 5921 5, 49222, 188

114613

1,624

293, 321194, 737

207, 691170, 536

163, 853131, 66631, 636

267.223

711400, 63391 201

259 69523 146

203 735101 56121 213

9,67253 485

49 50

183, 140

216,022418, 947

72267, 094

4404,088

27, 08527 67620, 442

239, 230133,123347, 889

51514. 68971, 646

587501

596461

145,37326, 555

3, 18223, 373

24, 48018, 17725, 686

31, 11429, 902

46, 60231, 098

62, 80310, 4405,922

43492

1,176

238, 857228, 210

170, 419168, 091

132, 848113, 60029, 561

288.223

1,307572, 080136, 510334, 22266, 979

211, 583115 21823, 56612, 13832, 622

49.50

266, 028

229. 529322, 033

24671, 654

4724,102

22. 4r,:>20 668

215, 198146,703288, 052

41110, 52259, 407

582508

616463

203, 97650, 333

2, 03448.300

26, 62127, 17831, 372

34, 03142, 310

61, 96937, 400

61, 72915, 26019, 690

25400801

192, 415263, 956

139, 383142, 267

106, 524109, 66926, 119

285.223

1,722605, 734117 457364 17886 548

260 485167 16194 1899,582

24 101

49 50

269,417

225, 072233, 405

22379, 924

4624 049

22, 1-8022, 50320, 469

208. 5R5139, 888254, 929

1, 35811 57054, 107

501471

605456

114, 05539, 417

4, 76934, 648

27 22220', 23523, 231

34, 45936, 211

55, 20537, 082

57, 86613, 06515, 245

10278533

135, 735279, 436

99, 742116, 696

90, 323100, 13920, 579

278.195

1,178547, 058120 399366, 27527 059

214 395144 26684' 59010, 1037 969

48 00

165 546

211,784206, 881

13782 235

4294 093

27 27428 51019 680

230, 325143 522248, 253

12,28012 4'>357, 332

472455

597416

76, 55040, 098

9, 85530, 243

27 32513, 21915, 960

35 41534. 962

54 16233 266

50, 84911, 43610, 060

11224320

112,023293 212

81, 445107 760

74 543106, 94019, 669

245.180

603597, 95381 768

458, 94545, 042

181 884139 34471 4617,3434, 145

48.00

121, 134r 170, 519r 271, 568

10768, 207

4404,087

21,97623, 26517,364

212, 554130, 684250, 302

r 12. 010T 11, 177r 66, 412

416471

476367

141, 37232, 615

4, 80027, 814

21, 8878,748

15, 701

28, 48834, 364

51, 14235, 729

40, 8819,027

10. 995

10147183

72, 366287, 779

53, 59970, 242

65, 405105, 87813, 573

205.180

267545, 08173 414

414, 60337, 482

^48 00

90, 904

162, 974308, 443

21073, 606

20 879

23. 85517, 107

204, 735109, 670253, 161

29, 08511 87479, 426

432420

490313

77, 363

26 66312, 354

33, 75833, 108

47 87932, 040

40, 6179,259

101120164

58, 531251, 816

42, 57748 915

54 947101, 71714, 365

154p. 190

r Revised. » Preliminary.®States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,

consumption in that State is as follows (thous. short tons): 1956—-January-March, 270; April-June, 325; July-September, 76; October-December, 79; 1957—January-March, 277; April-June, 323.9 The totals for fertilizer exports and imports include data not shown separately. Revisions for June 1955-January 1956 for all indicated items will be published later.e^For data on lard, see p. S-29. Figures prior to 1955 for tallow (not shown in the 1955 BUSINESS STATISTICS) will appear later.^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.!Revisions for 1954 and 1955 (also for 1953 for cottonseed and products) will be shown later.ABegirming 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities

of these oils held by producing firms.


S-26 SURVEY OF CURRENT BUSINESS September 195'


1956


berDecem-

ber

1957

Janu-ary

Febru-ary MaKch April May June July August

CHEMICALS AND ALLIED PRODUCTS—Continued

FATS, OILS, ETC.— Continued

Vegetable oils, oilseeds, and byproducts— Con.Flaxseed:

Production (crop estimate) thous. of buOil mills: t

Consumption doStocks end of month do

Price, wholesale, No. 1 (Minneapolis) _dol. per bu._Linseed oil, raw:

Production} thous. of lb_Consumption factory \ doStocks at factory, end of month J . _ _ doPrice, wholesale (Minneapolis) dol. per lb__

Soybeans:Production (crop estimate) thous. of buConsumption, factory doStocks end of month do

Soybean oil:Production:

Crude thous of IbRefined - -- do

Consumption factory refined} doStocks, end of month:'

Crude - ...doRefined} --_ do _ _

Price wholesale refined ( N Y ) dol. per IbMargarine:

Production thous. of IbStocks (factory and warehouse), end of mocf do_ __Price, wholesale, colored, delivered (eastern U. S.)

do! per IbShortening:

Production thous. of IbStocks end of month of do

PAINTS, VARNISH, AND LACQUER

Factory shipments total thous. of dolIndustrial sales doTrade sales do

SYNTHETIC PLASTICS AND RESINMATERIALS

Production:Cellulose acetate and mixed ester plastics:

Sheets, rods, and tubes _ thous. of lb_.Molding and extrusion materials do

Nitrocellulose sheets, rods, and tubes doOther cellulose plastics - do_ _ -

Phenolic and other tar acid resins doPolystyrene doUrea and melamine resins doVinyl resins doA Ikyd resins - - do

Rosin modifications -doPolyester resins doPolyethylene resins __ doMiscellaneous _ _ do

946762

3.34

19, 19634, 81595, 665

.134

20, 37826, 460

228, 348193, 610196, 948

174, 970112, 828

.175

81, 43620, 276

.273

100, 700154, 761

133, 82850, 23683, 592

2,3555,872

344370

31, 20741, 27715, 90149, 75125, 730

8,7295,641

45, 99811, 740

9331,0513.28

18, 57543, 42071, 051

.130

21, 79312, 360

249, 027223, 378241, 688

154, 421100, 148

.175

106, 72722, 356

.273

150, 554141, 573

146. 78856, 34690, 442

3,8157,395

443554

37, 82644, 28821, 17157, 12130, 421

11,3986,634

49, 79013, 140

2,3082,2713.25

46, 93141, 84475, 388

.127

19, 87720, 525

221, 302203, 733221,794

139, 67186, 865

.163

114, 97022, 236

.273

133, 396129, 175

128,41148, 93079, 481

3, 9458,579

324279

37, 59844, 31421, 75960, 23727, 652

9,3775,369

51,08913, 298

4,0204, 9453.27

81, 56565, 27886, 694

.131

27, 92878, Oil

301, 802252, 552258, 763

132, 94677, 178

.175

134, 58421, 556

273

178,089119,437

140, 30958,37481,935

3,8379,390

396564

43, 49348, 78925, 69167 17635, 383

10, 9086,473

49,11013, 363

3,2954, 5573.41

66, 56340, 884

111,301.136

26, 59179, 070

284 820244, 824237 131

125, 46683, 974

.195

132, 54525, 292

282

179, 909105, 477

121, 48855, 28066, 208

3,3749,291

365551

40, 14544, 46724, 26965, 90034, 509

11, 5536, 542

51,42113, 977

i 48, 712

2,9254,0103.44

59, 00438, 212

115,410.136

1 455, 86926, 98870, 354

289, 736233, 159224, 344

140, 99692, 130

.190

124, 95127, 584

.292

157, 141122, 047

97, 30845, 64551, 663

3,7248,452

317472

35, 20641, 79421,37067, 87027, 874

10, 0246,139

51,41313, 679

2,3043,5163.40

46, 86437, 985

111,821.134

28, 42065, 517

305, 156240, 523222, 557

134, 093103, 973

.200

132, 37329, 874

.292

160,015126, 807

125, 40154, 53970, 862

3,4917, 456

377525

41, 37343, 50723, 09767, 09634, 948

10, 8487, 205

52, 39414, 829

2,2393,4333.34

45, 65733, 825

128, 945.133

26, 62256, 332

287, 218209, 184208, 924

129, 96499, 970

.200

121, 68532, 143

.292

144, 252133,017

112,46750, 13162, 336

3,2927,187

429375

37, 06446, 09722, 55664, 00529, 980

10, 5177, 187

49, 80013, 080

2,5862,0663.23

52, 97039, 009

144, 223.131

28, 90944, 232

313 006220, 333210 687

150, 43497, 821

200

120, 47234, 814

292

129, 420138, 595

130, 96655, 37875, 588

4, 2538,289

379500

39, 81651,04125, 91070 41931, 879

9,9518,618

56, 58715, 428

1,5001,7483.17

31, 10640, 890

135, 446.127

27, 32833, 533

298, 230213, 476207, 436

173, 13997, 212

.185

122, 89727, 426

.282

127, 363129, 987

145, 05557, 56687, 489

3,8237,168

357528

35, 44248, 87124, 21767 64032, 382

10, 5088,961

51, 79315,711

1,5611,4223.16

31, 92935 442

123, 646.127

26, 47624, 678

289 605217, 495213 302

195, 853101, 845

175

116 19629, 963

275

150 741123, 001

157 56959, 76897, 801

3,6587,672

412466

39 25148, 59823 97171 36334, 715

11, 7498 525

56, 17015, 118

1,5082,3523.07

30, 53342, 43869, 912

.127

24, 69418, 724

271, 970238, 089235, 912

180, 48098, 325

. 175

98, 08828, 855

. 275

147, 478130, 125

152 89955, 37097, 529

4,0947,794

270468

36 31543, 34221 93667 28032? 120

11 0008 178

56, 07414 814

3 0552.7773.07

61,48838 62771, 442

p. 127

23, 96618 553

264 805211 177202 512

216, 04998, 925

p 175

109 97725, 444

p 275

131 433118,022

148 16255, 24492 918

2 32 242

3.25

2458 903

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total}mil. of kw.-hr_.

Electric utilities, total doBy fuels _ doBy waterpower do

Privately and municipally owned utilities -__doOther producers (publicly owned) do

Industrial establishments, total doB y fuels _ _ _ _ _ _ d o _.By waterpower do

Sales to ultimate customers, total (Edison Electric In-stitute)} _._mil. of kw.-hr_.

Commercial and industrial:Small light and power. doLarge light and power _ do

Railways and railroads doResidential or domestic __.doRural (distinct rural rates) doStreet and highway lighting doOther public authorities _ doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) | thous. of dol_-

55, 22949, 45139, 5399,913

39, 7019,750

5,7785,520

258

43, 010

7,80021, 858

32810, 4951,201

335936

57

718, 348

58, 57652, 19442, 6569,539

42, 3029,892

6,3826,158

224

44, 503

8,00522, 853

34010, 6791,278

359932

57

735, 869

55, 64948, 81939, 8598,960

39, 5039,316

6,8306,604

226

44, 786

7,95123, 147

33010, 7851,200

392926

55

741, 999

58, 44551, 12941,8929,238

41, 8009,330

7, 3167,074

242

44, 654

7,45723, 957

35310, 530

936427942

52

730, 077

57, 82050, 64541, 3409,305

41, 2309,416

7,1756,920

254

44, 526

7,27623, 629

36211, 047

769454942

47

730, 285

60, 05552, 87542, 8789,998

43, 0989,777

7,1806,903

276

46, 092

7,42823, 604

38912, 424

764483946

54

756, 811

62, 93855, 50345,31110, 192

45, 08310, 420

7,4357,154

281

47, 693

7,64023, 795

41213, 561

78448797339

784, 979

55, 37448, 66638, 6879,979

39, 7798 887

6,7086,443

266

46, 217

7,58322, 640

37313, 389

758440989

45

775, 742

59, 76552, 44741, 00811, 439

42, 34910, 098

7,3187,005

313

46, 167

7,44023 509

37912, 618

773429965

54

762,232

57, 70250 66938 62212, 047

40, 64110 028

7,0336 724

310

45, 671

7,32423 679

36111, 970

92239396953

751, 690

58,90951 69939 90011 800

41,19010 509

7 2106 917

293

45, 353

7 44023 996

23511 310

90337094951

746, 672

58, 99052 05340 87311 180

41, 59010 463

6 9376 678

259

45, 613

7 93523 815

31211 205

'98534895856

758, 054

61, 19154 34843 53410 814

43, 53210 816

6 8436 628

215

~

r Revised. * Preliminary. 1 December 1 estimate of 1956 crop. - September 1 estimate of 1957 crop.}Revisions will be shown later for fats and oils (1954 and 1955); electric-power production (January-July 1955), and electric-power sales and revenue (January-April 1955 and January-

<_TBeginning January 1955, data exclude quantities held by consuming factories.




1956


berDecem-

ber

1957

Janu-ary


ELECTRIC POWER AND GAS—ContinuedGAS

Manufactured and mixed gas (quarterly ):cfCustomers, end of quarter, total thousands. -

Residential (incl. house-heating) do_ _ _Industrial and commercial __do_ _ _

Sales to consumers, total _ mil. of therms. _Residential (incl. house-heating) doIndustrial and commercial do. _

Revenue from sales to consumers total thous of dolResidential (incl. house-heating) doIndustrial and commercial _ _ _ _ d o

Natural gas (quarterly) :cfCustomers, end of quarter, total thousands -

Residential (incl. house-heating) - do.Industrial and commercial do

Sales to consumers total mil of thermsResidential (incl house-heating) - do_~ _Industrial and commercial _ do_- _

Revenue from sales to consumers, total thous. of dol__Residential (incl house-heating) doIndustrial and commercial - - do

3 7973,541

254374202165

57 07540 12716, 552

25, 39423, 4631 905

13 2762,036

10, 638562, 197234 715312, 040

3,5833,343

237631435190

87 18466 33020, 356

26, 27224, 1942,050

17 2945,500

11,210878, 480488 448373, 306

3,3143,093

219885688190

115 09391,93822, 550

26, 74524, 624

2 09223 05210, 30811, 826

1,290,577827 558437, 858

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production! thous. of bblTaxable withdrawals doStocks end of month! do

Distilled spirits:Production! thous. of tax galConsumption, apparent, for beverage purposes

thous of wine galTax-paid withdrawals! thous. of tax galStocks, end of month! _ doImports thous of proof gal

Whisky:Production^ thous. of tax galTax-paid withdrawals! doStocks end of month! doImports -. thous. of proof gal

Rectified spirits and wines, production, total 9 !thous of proof gal

Whisky! doWines and distilling materials:

Effervescent wines:Production! thous of wine galTaxable withdrawals! - doStocks end of month! doImports _ _ do

Still wines:Production! _ - . . _ _ doTaxable withdrawals!! doStocks, end of month §! _- _ __ do.Imports do

Distilling materials produced at wineries! doDAIRY PRODUCTS

Butter, creamery:Production (factory) ! thous of IbStocks, cold storage, end of month __ _ _ doPrice, wholesale, 92-score (New York) dol. per lb__

Cheese:Production (factory), total ! thous of Ib

American , whole milk ! doStock13, cold storage, end of month, total do

American, whole milk doImports doPrice, wholesale, American, single daisies (Chi-

cago) _dol. per lb_.Condensed and evaporated milk:

Production, case goods: tCondensed (sweetened) thous of IbEvaporated (unsweetened) do

Stocks, manufacturers', case goods, end of month:Condensed (sweetened) . thous. of IbEvaporated (unsweetened) do

Exports:Condensed (sweetened) doEvaporated (unsweetened) do

Price, wholesale, U. S. average:Evaporated (unsweetened) dol per case

Fluid milk:Production! _ _ . . mil. oflbUtilization in mfd. dairy products doPrice, wholesale, U. S. average* dol. per 100 lb__

Dry milk:Production: !

Dry whole milk thous of IbNonfat dry milk solids (human food) do

Stocks, manufacturers', end of month:Dry whole milk doNonfat dry milk solids (human food) do

Exports:Dry whole milk doNonfat dry milk solids (human food) do

Price, wholesale, nonfat dry milk solids (humanfood). U. S. average.- dol. ner lb__

9,5908 777

11,515

8,531

14, 89310, 565

851, 6341,748

5,7994, 554

737, 4451,619

5,3314,442

12593

1,73835

1,2379,283

134, 294456

1,163

128, 155133, 918

.594

134, 090102, 410548, 334509, 474

3,168

.381

6,290266, 700

7,937401, 894

3,54014, 251

5.92

11, 5264,6103.97

10, 600131, 400

15, 192140, 735

2,85437, 082

.151

8,7349, 015

10, 677

12, 178

16, 78411, 269

849, 0821,927

7,1915,470

736, 5731,721

6,0524,885

220137

1,80144

2,53110, 290

125, 296412

8,067

110, 200118, 217

.601

116, 97087, 220

550, 518509, 625

3,862

.382

6,640232, 600

8,192434, 536

6,40212, 772

5.93

10, 6593,9904.11

9,15098,000

14, 313118, 507

3,77416, 898

.151

6 4976 424

10 354

20, 386

16 57214, 269

844, 2082 414

7,8477 469

734, 0412,166

7,8716,792

168200

1,75162

30, 52812, 688

144, 102580

76, 378

93, 12590, 252

.613

102, 44574, 135

532, 107492, 648

5,589

.384

5, 520189, 100

8,761425, 545

2,19114, 622

5.93

9,5123,3924.30

8 00079, 500

13, 11898, 722

3,82019, 274

.152

6 5006 6709,753

34, 134

22 32121 817

835, 9483 580

10, 97111 120

729, 6603,258

13, 49712, 019

205276

1,648101

71, 84914, 615

202, 848680

142, 607

92, 96062, 261

.620

98, 01068, 100

489, 385448, 857

5,609

.390

5,670164, 200

9,335383 686

5,05314, 972

5.93

9,2763,2854.48

7 35079, 800

11, 72576, 563

2,69242, 371

.152

5 9476 1719 135

23 065

23 82219 331

830, 1293 632

10, 73410 325

725, 5723,288

12 54911, 275

188272

1,547115

24, 07013, 879

210, 541874

41, 839

90, 60539, 640

.632

90, 70061, 400

454, 729414, 606

5,332

.390

6,370146, 500

10, 391310, 371

3,38514, 172

5.93

8,6953,1204.61

6 40083, 300

11, 39067, 095

2 01014, 054

.152

6 1236 1298 768

17, 852

25 15911, 989

832, 4392,889

10, 1226,334

726, 5622,627

6,7685,675

162261

1,418114

3,91211, 953

198, 721765

6,075

102, 81025, 103

!614

96, 24064, 280

441, 082401, 079

5,598

.390

7,110152, 200

9,649224, 025

5,05420, 211

5.93

9,2273,450

4.53

8 250104, 800

10, 75769, 461

2,77642, 700

. 152

6 8665 6899 552

19, 982

14 3759,661

838, 6231,482

11, 4295 125

730, 5691,265

4,6773,622

206129

1,47741

2,92310, 872

190, 095585

3,954

116, 40528, 855

.604

100, 92068, 840

419, 992379, 637

5,038

.390

7,350162, 000

9,117156, 420

5,12915, 847

5.93

9,6973, 791

4.44

7,700120, 900

10, 38465, 623

4,4189,136

.153

5,9125 5709,558

18,105

15 93610 805

842, 0591,606

11,2436 139

732, 7771,438

4 6073,675

251101

1,61136

2,21810, 220

180, 012465

3,949

109, 25531, 946

.606

97, 10567, 695

390, 308349, 441

3,188

.390

8,275169, 8.50

9,559123, 616

2,8889,200

5.93

9,4643,6184.34

6,500122, 400

10, 45063, 308

3 0717,645

.152

7,6116 439

10, 261

18, 902

16 89712, 420

845, 4071,973

12, 1516,626

735, 5361,733

5,1374,016

205134

1,66544

2,63012, 485

170, 636598

1,540

124, 85540, 915

.604

116, 15082, 750

388, 631346, 277

4,989

.390

6,380212, 600

8,92583, 361

7,27015, 064

5.95

10, 9614,2134.19

6 450144, 090

9,43069, 029

3 60712, 552

.153

8,0816 992

10, 931

19, 033

15 26411, 190

850, 9961,965

12, 5005,432

740, 7101,782

5,2384,170

226160

1,71350

2,13911,893

159, 627653

1,871

132, 87061, 996

.604

131, 46096, 250

391,289345, 421

4,325

.390

6,550260, 500

9,172153, 950

4,8027,861

6.05

11, 4284,6473.99

8,200162, 500

9,91980, 493

4,85824,418

.154

9,0078 201

11,211

19, 307

17 86812 234

853, 4372 277

10, 7766 211

742, 0452,056

5,6144,382

237183

1,75567

1,90711, 295

149, 615649912

158 30595, 998

.602

161 775126, 270424, 917381, 146

3,953

.390

3 975312, 200

9,547244 478

2, 53613, 034

6 06

13, 1225,5933.85

10 600205, 500

11, 926119, 757

3,94018, 290

.153

9,0118 247

11, 478

14, 063

r 16 44312, 887

853, 0121,936

8,0676 404

742, 8721,739

6,9145,615

282173

1,84050

1,98410, 421

138, 034621

1,332

149, 040147, 013

.601

160, 485125, 670466,136419,583

4,202

.388

3 350278, 400

9,416368 927

1,44416, 306

6.05

12, 6335,3123.83

9 800193, 700

13, 374144, 368

3 18325, 686

.153

9,8039 191

11,469

8,478

10, 316847, 780

4,0484,177

741, 197

5,3324,171

155105

1,877

1,0499,248

130, 148

1,192

128, 705•• 176,061

.601

137, 945105, 435' 495,063r 449,472

.388

3 775245, 650

8,406421, 706

3,15312, 149

6.06

11, 692r3.99

8,500145, 700

13, 792133, 496

4, 56118, 989

.152

172, 258.607

507, 775461,323

.388

10, 794

4.17

r Revised. cf Revisions (1953,1st and 2d quarters of 1954 and 1955, and 1st quarter of 1956) are available upon request. Totals include data not shown separately.iRevisions for the indicated items and for the periods specified are available upon request as follows: Alcoholic beverages, July-November 1954 and July-December 1955; dairi

cheese (total and American), evaporated milk, and nonfat dry milk solids, January 1953-September 1955; condensed milk and dry whole milk, January 1954-September 1955; ftion, January 1951-December 1955.

9 Data beginning July 1956 exclude production of wines and vermouth; for July 1955-Junc 1956, such production totaled 183,000 gallons.§Data include vermouth and aperitif wines other than vermouth.*New series, representing average price received by farmers for all milk sold at wholesale to plants and dealers; data prior to January 1955 will be shown later.

;products—butter,

uid milk, produc-


S-28 SURVEY OF CURRENT BUSINESS September 195"


1956


berDecem-

ber

1957

Janu-ary


FOODSTUFFS AND TOBACCO—Continued

FRUITS AND VEGETABLESApples:

Production (crop estimate) thous. o f b u _ -Shipments, carlot _ _ _ _ _ _ - - _ _ .no. of carloads. _Stocks, cold storage, end of month thous. of b u _ _

Citrus fruits, carlot shipments no. of carloads- -Frozen fruits, juices, and vegetables:

Stocks, cold storage, end of month:Fruits - _ _ . _ _ _ -thous. of Ib -Fruit juices and purees doVegetables _ _ _ _ - _ _ do -

Potatoes, white:Production (crop estimate)^ thous ofcwtShipments, carlot no. of carloads- -Price, wholesale, U. S. No. 1 (New York)

dol per 100 Ib

GRAIN AND GRAIN PRODUCTS

Exports (barley corn oats, rye, wheat) thous o f b u

Barley:Production (crop estimate) _ _ _ _ _ _ _ _ d o -Receipts principal markets doStocks, domestic, end of month:

On farms doExports, including malt doPrices, wholesale (Minneapolis):

No 2, maltin? _ _ _ dol. per bu -No 3 straight do

Com:Production (crop estimate) mil of buGrindings, wet process thous. of b u _ _Receipts, principal markets§ _ . - - , d o _ . -Stocks, domestic, end of month:

Commercial doOn farms mil of bu

Exports, including nieal thous of buPrices, wholesale:

No. 3, yellow (Chicago) dol. per b u _ _Weighfed average, 5 markets, all grades _ d o - - _

Oats:Production (crop estimate) mil of buReceipts, princinal markets! thous of buStocks, domestic, end of month:

Commercial _ _ _ _ _ _ _ _ _ do_On farms do

Exports, including oatmeal _ _ - _ _ _ do_Price, wholesale, No. 3, white (Chicago) _dol. per bu_.

Rice:Production (crop estimate) thous of baers 9California:

Receipts, domestic, rough thous. of IbShipments from mills, milled rice- doStocks, rough and cleaned (cleaned basis), end

of month thous of IbSouthern States (Ark., La.. Tenn., Tex.):

Receipts, rough, at mills doShipments from mills, milled rice, - _ __ doStocks, domestic, rough and cleaned (cleaned

basis) end of month mil of IbExports _ _ _ thous. of IbPrice, wholesale, head, clean (N. O.) dol. perlb

Rye:Production (crop estimate) thous. of buReceipts, principal markets§ _ - doStocks, commercial, domestic, end of month- doPrice, wholesale, No. 2 (Minneapolis).. -dol. per b u _ _

Wheat:Production (crop estimate), total mil. of bu

Spring wheat doWinter wheat do

Receipts, principal markets§___ _ thous. of buDisappearance doStocks, end of month:

Canada (Canadian wheat) _. __ - doUnited States, domestic, total d1 mil. of bu

Commercial thous. of bu__Interior mills, elevators, and warehouses

thous. of buMerchant mills doOn farms _ _ _ _ do. __

Exports, total, including flour doWheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

dol. per bu_-No. 2, hard winter (Kansas City) _. doNo. 2, red winter (St. Louis).. . _ do _Weighted avs.. 6 markets, all grades do

291134

6, 075

447, 013500, 264588, 076

11,174

5. 925

60, 162

20, 435

45 145

9,039

1. 2761. 193

11,39117,556

68, 466

6. 608

1. 5251. 548

21, 062

34, 655

2,823.736

68. 84131. 314

72, 683

18. 19684. 522

450 3171, 336

.085

4,03810, 0581.329

106, 118

359, 862

452,385

40. 87637, 138

2.4882.0872.0202.231

67267

5.725

476, 719457, 801751, 065

10, 310

4. 635

61,455

35, 041

52 566

6,751

1.2791.211

12. 69417. 663

64, 332

5, 944

1. 5711. 542

22, 108

41. 287

3,783.733

90 99356, 065

75, 444

232, 494117,844

387. 7278, 597

.083

2,78011, 1751. 374

64, 697

351, 092

467,954

43, 29339, 116

2.3812.1902. 1252. 345

5916,317

4, 554

489, 423409 656868 687

10, 573

3 51 r>

52 853

14 212

51 44729° 774

7 286

1.2531 179

11,47316, 527

64 1343 300 16 313

1. 5561.484

8, 508

39, 008923 394

4, 191.715

139, 275101, 184

64. 750

919, 691164, 1S1

804 9153, 605

.083

1,07410,5171.435

39. 257234,110

341. 2181,797. 3467,254

636,280142,165417,276

33, 90028, 750

2.3932.2822.2212.389

2,39438, 090

4, 265

483, 068354 871914,895

12, 757

3 394

64, 897

9, 956

47 1^7

6, 238

1.2571. 172

.3, 05040, 379

79, 865

11, 302

1.2%1.320

4, 737

31,285

3, 836.733

172,32679, 243

94, 041

851,623178, 225

1,221 1247, 066

.085

1,1189,1431.465

31,241

348, 506

446,621

42, 02936, 212

2.4282.3102. 1852.411

2, 08533, 933

6,349

467,046303 742905,439

13, 759

3 500

57, 528

11,821

43 798

3,981

1 . 3201.276

11.81947, 353

100,863

17, 243

1. 3391. 331

4,052

25, 223

2, 076.824

99, 46173, 695

85, 123

159, 556126, 296

1,192.3123,318

.085

6808,1091.471

28, 212

352, 461

429,322

33, 69629, 820

2.4952. 3582.3582.494

100,6231,811

26, 578

9,718

450, 562294 282857, 942

243 71612, 333

3 075

73, 437

i 372, 49512 562

40 1221 c)9 561

3 Oil

1.2981 258

i 3 45110,69023, 272

93, 84'J2 331 1

15 583

1.3571.300

1 1 1 535, 304

21, 363696, 376

2,570.829

1 47, 402

75, 19335, 564

97, 309

38, 683115,078

1 026 2404, 990

.085

1 21, 5581,0638,2941.459

1 997. 21 262. 21 735. 034, 865

312, 189

356, 9201,487.3393, 211

547 345127, 877292, 804

51 07643, 666

2.4262.3432.4052,446

1,59519, 814

7, 492

422, 805388 388787, 218

15, 524

3 533

67,010

10 303

37 661

3, 386

1 2781.237

11.73132. 73-1

89, 558

12, 789

1. 3431.322

7. 261

19, 495

1,614.820

55. 41039, 331

91,446

78, 407144, 810

907 0110, 930

.085

4986,3941.499

29, 679

356, 831

403, 458

48, 48543, 135

2.4382.3582.4402.439

1,59212, 765

6, 579

379, 474464 337721. 613

15,687

3 620

66 226

8,344

38 062

3, 674

1. 2611. 206

10, 87449, 429

102, 650

12,514

1. 2751.244

3. 759

17, 794

1, 423.784

126, 52398, 210

75, 950

122, 165135. 725

836 3179, 710

.088

3065,4581.400

24, 144

360, 964

386, 872

48, 35042, 207

2.4002.3382.3452.417

2,0617,128

7,819

341, 520492, 287665, 354

19, 819

3 480

72, 528

11,035

30 111104 052

5, 530

1 26X1. 219

11,31360, 072

126, 7441,615 1

16. 024

1.2901. 260

4,950

15, 116410, 427

869.778

153, 906129, 567

50, 793

62, 275110, 818

651.7330, 060

. 090

2404,8441.412

21, 462301, 911

368, 4821, 187 8360, 702

449 832108, 918165, 959

49 46542, 599

2. 3942. 3352 2982.406

1,8043,246

7,783

292, 185505, 397655, 695

17, 712

3. 540

69. 143

8. 160

25, 343

3, 576

1. 2631. 205

11, 13347, 066

151, 613

12, 313

1. 2981.240

5, 908

13, 240

1, 206.727

123,31181,696

51. 580

17,955101,820

509 2246, 261

.089

3022.966L363

24, 030

365, 104

356, 532

50 67446, 050

2.3932.3022 2132.401

1,0051,045

9,564

272, 005562, 221625, 384

18, 443

3 930

58, 456

8, 053

22 224

6, 052

1 2381.188

12,02332, 770

157, 821

M. 124

1.3331.267

4,272

11,688

1, 134.738

98, 50776, 095

39, 423

20, 87993, 489

394 3104, 434

.091

4832,8511.240

25, 472

364, 343

341, 690

36 82132, 798

2.3712 2312 1092. 344

257384

8,484

375, 067567, 775657,296

19,971

r 3 658

72, 209

16. 065

s 11 5463, 509

1. 1311. 036

11. 47317.203

153. 6421 118 410, 198

1. 3161. 292

3, 652

12, 0663191,840

1,237.695

87, 30452, 665

44, 158

14, 12286, 565

443 871, 665

.091

3, 5312,0231.292

25, 221284 864

384 3623 905 2

3313,481

3375 9523 65 2573 59 540

56 84651 405

2.4162 2682 0572. 365

" 131229

' 6, 966

'498,120r504, 187r 726, 872

r 10. 797

p 2 520

49, 127

15. 097

r 40 1°0

4. 458

1.139r 1 . 05.-)

11, 66117,375

r 139 360

10. 549

1.3.371.336

10 607

r 16, 083

1,411.662

62 14739, 704

42 424

27, 618126, 704

376 5109, 789

v . 095

2, 730r 6, 692

1,246

107 434

r 401 176

T 411, 584

32 %227' 819

2.4352 1352 1102.291

2111,36244

373

5,480

540, 625447, 005880, 257

2 230, 2979,408

2 430, 73723, 146

44 894

1. 1761. 115

2 3 195

"21,525"

128,029

1. 3121. 260

2 i 338

24, 314

.674

2 40, 973

!_ _ _ _ _"

2 26 4402,1247,5151.281

2 923. 32 232. 72 690 665, 777

437, 937

2.3612 1122 1082.289

r Revised. » Preliminary. 1 December 1 estimate of 1956 crop. 2 September 1 estimate of 1957 crop.3 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).§ Toledo included beginning with June 1955.9Bags of 100 In.cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.1 Prior to the August 1956 SURVEY, data were reported in thousands of 60-lb. bushels.


September 1957 SUEVEY OF CURRENT BUSINESS S-29


1956


berDecem-

ber

1957

Janu-ary



GRAIN AND GRAIN PRODUCTS— Continued

Wheat flour:Production:

Flour t thous of sacks (100 Ib )Operations percent of capacityOffal short tons

Grindings of wheatj thous of buStocks held by mills, end of quarter

thous of sacks (100 Ib.)Exports doPrices, wholesale:

Spring, short patents (Minneapolis)dol per sack (100 Ib.)

Winter, hard, short patents (Kansas City)._do

LIVESTOCKCattle and calves:

Slaughter (federally inspected):Calves thous. of animalsCattle do.

Receipts principal markets doShipments feeder to 9 corn-belt States doPrices, wholesale:

Beef steers (Chicago) dol. per 100 IbSteers, stocker and feeder (Kansas City) doCalves vealers (Chicago) do

Hogs:Slaughter (federally inspected) thous. of animals..Receipts principal markets doPrices:

Wholesale, average, all grades (Chicago)dol. per 1001b__

Hog-corn price ratiobu. of corn equal in value to 100 Ib. of live hog._

Sheep and lambs:Slaughter (federally inspected) ...thous. of animals. _Receipts principal markets doShipments feeder to 9 corn-belt States doPrices, wholesale:

Lambs, average (Chicago) dol. per 100 lb__Lambs feeder good and choice (Omaha) do

MEATSTotal meats:

Production (carcass weight, leaf lard out), inspectedslaughter mil o f l b

Stocks (excluding lard), cold storage, end of monthmil. of Ib -_

Til \port s (inciudm"1 lard) doTmnor^s (excluding lard) do

Beef and veal:Production inspected slaughter doStocks, cold storage, end of month thous. of l b _ _TOxports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(000-700 Ibs.) (New York) dol. per IbLamb and mutton:

Stocks cold sjoraw end of month doPork (including lard), production, inspected slaughter

mil. o f l b _ _Pork (excluding lard):

Production, inspected slaughter thous. of l b _ _Stocks, cold storage, end of month - do...

I in ports do

Hams, smoked, composite _ _ _ d o l . per lb._Fresh loins, 8-12 Ib. average (New York) do ._ .

Lard:Production, inspected slaughter thous of l b _ _Stocks, dry and cold storage, end of month doExports doPrice, wholesale, refined (Chicago) dol. perlb..

POULTRY AND EGGS

Poultry:Receipts, 5 markets thous. of lb_.Stocks, cold storage (frozen \ end of month doPrice, wholesale, live fowls, heavy type, No. 1

( C hicago) dol . per 1 b . .Eggs:

Production, farmt millionsDried egg production thous of IbStocks, cold storage, end of month:

Shell _ thous. of cases. .Frozen thous. of Ib

Price, wholesale, extras, large (Chicago)dol. per doz-_

MISCELLANEOUS FOOD PRODUCTS

Confectionery manufacturers' salesd71 thous of dolCocoa or cacao beans:

Imports (incl shells) long tonsPrice, wholp.salft Accra (New York). _ dol. ner Ib

17, 966'79.8

347, 871

41, 266

1,604

6.3105.425

6101,7282,543

226

22.2817.3622. 50

4,1992,485

15.23

10.7

1,1681, 184

151

22.7518.12

1,853

5936624

1, 020. 8140, 703

6, 5009, 920

.388

50, 5717,975

781. 6

577, 249306, 727

4 60212, 626

.526

.502

149, 603178, 46142, 213

. 138

57, 090126, 769

.190

4, 7601,678

1, 259177, 427

.414

54, 961

20, 575.290

20, 42082.8

393, 879

46, 876

1,793

6,0405.625

6911,7742, 697

580

25.6117.8823.50

4, 5592,521

16.12

11.2

1,2681,405

361

22.0018. 41

1,883

4616329

1, 026. 0131,379

3, 02315, 192

.443

9, 002

801.5

596, 294203, 590

4, 49011,303

. 515

.474

150,261141, 05640, 893

. 155

67, 334164, 422

.185

4, 5681,607

1,020167, 943

.382

73, 362

14, 950.283

19, 88997.3

377,812

45, 539

5,2972,210

6.0505.655

6611,6172,721

734

27.3117.2221.00

4,9792,676

16.01

10.8

1, 1671.770

679

20. 5019.00

1,832

4126717

931. 1128, 430

7,1727,816

.486

50, 9919, 703

849.6

638, 107165,514

5 0786, 935

.486

.511

154, 242123,39838, 075

. 155

69, 299235, 159

.165

4, 4611, 315

727152,015

.459

109, 212

12, 429. 278

21, 89988. 9

416, 796

50, 182

2, 497

5. 9505.710

8721,9593, 5591,081

26.0017. 3122.50

6,3473,512

15.55

13.0

1, 4391,948

802

20. 0018.71

2,282

4498120

1, 128. 4163, 02611,9299, 486

.452

63, 53111,203

1, 090. 1

817, 159107, 955

5, 8978, 236

. 466

.444

199,618106, 35240,813

. 158

90, 080361, 756

.150

4,8601,205

616131, 547

.437

120, 685

11,845.255

20, 05589.1

377, 713

45, 844

1,663

6. 1805.785

7631, 8072 689

794

23.9717.2922.50

6,5593,483

14.59

11.7

1, 1391. 085

266

19.2518.12

2,256

5917422

1,011.7220, 008

2, 69210, 853

.417

52,15011,016

1, 102. 5

862, 470248, (137

6, 2758, 247

.471

. 409

218, 913103,4X447, 272

.' 158

90, 347368, 378

.148

4, 8851, 010

525108, 684

.400

118,264

11,549.266

19,27889. C

365,415

44, 126

5 5723,180

6. 0305. 725

6051, 6862,121

363

21. 6516.6721. 50

5, 6983,037

16.32

13.3

1,0621,023

145

19. 3817. 85

2, 064

6799524

987. 0263, 929

14, 26411,145

.390

r«o, 20211,590

1, 026. 6

754, 561279, 768

8. 72610, 714

. 51 1

.421

198,576111,63747, 898

.175

75, 226332,817

. 145

5, 2801, 592

32086, 807

.344

96, 672

20,810.270

22, 16293. 6

419, 916

50, 711

2.296

6.0205.770

6571,8512,203

252

20.9417.6825.00

5, 6553,030

17.52

14.1

1,3331,204

201

20.1218.55

2,1991 619

9327

1,111.7246, 789

27, 82711, 588

.371

64, 7519, 715

1, 022. 6

754, 416293, 332

9, 42013, 061

. 516

.450

1 96, 353101,09837,811

.175

53, 211330, 135

.148

5, 3692,249

32874, 848

.308

96, 970

37, 630.231

19, 15689.1

358, 583

43, 661

2,637

6.0205. 625

5501.4881,770

178

20.2818.2427.50

4, 9852,622

16.98

13.7

1,091943142

20.0019.78

1,843

'6366922

902.5220, 12311,6799, 939

.365

53, 9098, 987

886.9

650, 175334, 606

8, 7539,428

.519

.446

172, 767112 04236, 380

.173

45, 378292, 033

.150

5,0222,246

51965, 643

.322

91, 338

15, 681.234

19, 67986.2

367, 929

44, 693

5 1902,947

5. 9505.700

6321,5141,836

237

21.3619.3526.00

5, 3802,710

17.05

14.0

1,011858127

23.0020. 97

1,932

16319327

918.1194,214

9, 52111,003

.376

49, 5048, 100

964. 4

703, 006352, 914

6, 59213, 745

. 506

.438

190, 755119, 12261. 940

. 1G8

51, 969259, 975

.155

5,9023,093

93278, 436

.304

90. 912

27, 722.223

18, 94079.1

360, 570

43, 323

1,985

5.9755.790

6131, 4991,947

212

22.6120.8627.00

5,0002,657

17.52

14.4

1, 061996113

22.7521.75

1,866

i 5966633

906.1168, 599

4, 02316, 718

.395

50, 6047,330

909. 2

661, 271343, 081

4, 94013, 297

.521

.452

] 82, 122127.11643. 783

.138

52, 606219, 988

.153

5, 7314,032

1.208107, 568

.318

84, 372

16, 997.255

19, 38381.1

365, 727

44, 256

1,727

5. 9005.600

5801, 6651,961

205

22.8521.1325.00

4,8842,573

17.39

14.0

1,1331,013

161

24.0021.07

1,9631 554

9030

999.1141, 556

3, 40416,612

.406

52, 6396, 837

911.3

657, 319323, 905

6, 41410, 686

. 516

. 477

186, 287120, 10865, 696

.153

58, 155202, 191

.150

5,6624,001

1,719140, 456

.290

68, 374

15, 053. 253

18, 14483.6

347, 039

41, 591

4, 7462, 335

r 6. 025' 5. 725

5351,5351,860

160

23.0720.2025.00

3,9942,245

18.15

15.1

1, 044914108

23.0021.06

1, 721

U858524

904. 7123, 321

8, 45111, 043

.410

46. 7000,870

770.0

559, 379278, 624

12 35910, 805

. 532

. 505

154, 190107, 11348, 625

. 158

50, 582190, 441

.150

5, 0383,835

1,812166, 942

.299

r 62, 783

24, 757. 305

18, 86879.0

365, 966

43, 319

1,903

*>6.210v 5. 800

5961,7592,312

272

24.7620.74

•» 22. 50

4, 1852,294

19.39

15.7

1,2001,108

222

23. 7520.60

1, 851

139558

1, 019. 8' 116, 063

1, 637

. 430

53, 385r 6, 399

577, 734'• 204, 404

5 036

P . 543. 512

140, 01 998, 80834, 707p . 165

60,319r 185, 138

p . 148

4, 7862,888

r I , 507T 176, 721

.361

59, 992

v . 305

6151,726

25. 4520.33

4,418

20.37

16.3

1,111

23. 7521.14

'330

122, 436

.448

6," 125*

144,519

.525

199, 536

4,588

1,172166, 475

.408

r Revised. v Preliminary.1 Beginning January 1957, figures exclude data for sausage and sausage-room products and edible offal; comparable figure for December 1956 is 606,000,000 Ibs.^Revisions for wheat flour production and wheat grind ings (January 1954-July 1955) and for egg production (1950-55) will be shown later.cf Revisions for 1954 and 1955 appear in the November 1956 SURVEY.


S-30 SUEVEY OF CURRENT BUSINESS September 1957


1956


berDecem-

ber

1957

Janu-ary



MISCELLANEOUS FOOD PRODUCTS— Con.

Coffee:Clearances from Brazil, total thous. of bagsd"

To United States do _Visible supply, United States doImports doPrice, wholesale, Santos, No. 4 (New York)

dol. per l b _ _Fish:

Stocks cold storage end of month thous. of IbSugar:

Cuban stocks, raw, end of monththous. of Spanish tons__

United States:Deliveries and supply (raw basis):

Production and receipts:Production short tonsEntries from off-shore total 9 do

Hawaii and Puerto Rico_-_ _ ._ do_ _

Deliveries total doFor domestic consumption..- . _ _ _ _ _ d o _For export do

Stocks, raw and refined, end of monththous. of short tons

Exports short tonsImports:

Raw sugar total 9 doFrom Cuba doFrom Philippine Islands do

Refined sugar, total 9 _ doFrom. Cuba do

Prices (New York):Raw wholesale dol per IbRefined:

Retail§ dol. per 5 IbWholesale dol. per Ib

Tea imports thous. of Ib

TOBACCOLeaf:

Production (crop estimate) mil of IbStocks, dealers' and manufacturers', end of quarter

total mil of IbDomestic:

Cigar leaf doAir-cured, fire-cured, flue-cured, and miscel-

laneous domestic mil. of IbForeign grown:

Cigar leaf doCigarette tobacco do

Exports, including scrap and stems thous. of IbImports including scrap and stems do

Manufactured products:Production manufactured tobacco, total- - do

Chewing, plug, and twist _. _ _ do_ .Smoking _ _ _ doSnuff do

Consumption (withdrawals) :Cigarettes (small):

Tax-free millionsTax-paid - do

Cigars (large), tax-paid - ihousands.Manufactured tobacco and snuff, tax-paid

thous. of IbExports cigarettes millionsPrice (wholesale), cigarettes, manufacturer to whole-

saler and jobber, f. o. b. destinationdol. per thous—

1,379804981

2,074

.588

163, 506

3,181

20, 060666, 510187,036

869, 090865, 364

3,726

1, 231456

353, 752260, 12587, 80351,12449, 871

.061

.500

.0867,564

23, 09410, 193

12, 4675,5674,7702,131

2,49731,032

428, 309

12,3211,507

3.938

1,397868891

1,445

.603

178, 785

2,432

14, 675741, 221246, 680

917,109910, 810

6 299

1,000519

394, 568288, 15986, 88842, 39141, 060

.061

.500

.0867,560

36, 27411,206

17, 2477,0206,7073,520

2,88137, 560

514, 905

17,1581,346

3.938

1,415899

1,0631,991

.615

195, 648

1,523

113,448593, 213184, 476

815, 887811, 798

4,089

888625

353, 122272, 28069, 7433,687

765

.061

.500

.0869,605

4,783

317

4,270

22174

80, 8549,603

15, 0886, 0216,1892,879

2,95430, 403

456, 019

14, 6441,551

3.938

1,449885

1,0301,466

.603

200, 838

1,148

591, 151456, 306282, 385

835, 408830, 168

5, 240

1,101928

246, 276202, 93035 775

5,7223,466

.063

.507

.0877,696

70, 20111, 506

17,8016,9647,2053,632

2,67437, 193

549, 541

17, 2451,310

3.938

1,326700

1,1111,377

.600

200,403

973

794, 615282, 508189, 762

669, 695666, 768

2,927

1,614624

138, 54898, 87328 897

2, 5411 451

.063

.512

.0884,777

42, 7639,940

15, 3466,3315,9703,045

2, 58533, 585

632, 063

14, 949907

3.938

1,584898965

1,663

.603

196, 091

873

546, 245202, 74886, 742

665, 436661, 137

4,299

1, 905440

171, 386151, 084

03, 0161,075

.064

.518

.08810, 344

2 2, 181

5,353

292

4,869

22170

57, 7438,434

11, 5584,8644, 2462,448

2,57225, 070

364, 509

11, 7091,475

3.938

1,6711,201

9882,019

.610

168, 596

563

115,426519, 98850, 532

590, 353585, 089

5,264

1,826564

350, 622231, 559119 041

45, 08036, 724

.065

.522

.0898,197

30, 38910, 077

15, 9176, 5396,0313,347

2,71435, 982

437, 127

15, 4721,171

3.938

1,288883

1,1812,404

.609

145,404

1,640

53,164453,61193, 376

538, 498536,683

J , 815

1,8091,205

310, 708214,60196 10836,01231,080

.061

. 520

.0897, 394

27,06610, 298

13, 2685,5104, 8582,900

2,46331, 688

391, 193

12, 9971,337

3.938

1,048679853

1,832

.599

122, 414

2,890

31, 142565, 977157, 876

638, 888636, 437

2,451

1, 813664

348, 212218, 573124, 16264, 53259, 880

.062

.525

.08910, 402

r 5,213

'348

4,666

17532, 432

9,662

14, 3455,9355,3993,011

2,26733, 222

421, 950

14,1181,326

3.938

927512

1,0341,545

.593

117, 976

3,790

23, 279630, 053208, 242

687, 686684, 978

2,708

1, 757488

330, 570227, 221103 34950, 56045 033

.061

.5261.0849,981

29, 24210, 701

14, 9276, 0585,7633,107

2 72132, 059

470, 129

14, 4931,306

3.938

935529989

1,485

.593

128, 320

3,615

28, 766624, 323233, 502

772, 035770,381

1,654

1,619544

349, 997235, 482105, 27540, 63137, 072

.064

.5271.084

10, 653

29, 45311, 227

15,7736,5226,0883,163

2,48238, 151

565, 237

15, 4441,398

3.938

794413954

1,194

>-. 583

145, 882

3,010

50, 246546, 450172, 764

923, 739'-911,362

2,377

<• 1, 328584

336, 130250, 58780, 71733, 12725, 051

.066

.5271.0848,525

4,845

332

4,281

24208

39. 9029,215

15, 1046, 1335,6833,288

3,29734, 189

449. 722

14, 5061. 491

3.938

1, 025606954

. 565

165, 985

2, 445

694, 255232, 497

859, 215

1,157985

P. 066

.532P i. 085

28, 447'

13, 6085, 8465,4992,264

2 97935, 248

478, 149

13, 7471, 588

P 4. 280

.545

1,945

3 1, 621

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skins 9 thous. of lb_Calf and kip skins thous. of piecesCattle hides do_Goat and kid skins doSheep and lamb skins _ do

Prices, wholesale (Chicago):Calfskins, packer, heavy, 9^/15 Ib dol. per l b _ _Hides, steer, heavy, native, over 53 Ib _do~

LEATHERProduction:

Calf and whole kip _ thous. of skins _Cattle hide and side kip thous. of hides and kips_-Goat and kid thous. of skinsSheep and lamb do

Exports:Sole leather:

Bends, backs, and sides thous. oflbOffal, including welting and belting offal do~ .

Upper leather thous. of sq. f t_ -Prices, wholesale:

Sole, bends, light, f. o. b. tannery dol. per lb_.Upper, chrome calf, B and C grades, f. o. b. tan-

nery dol. per sq . ft. -

11,42113331

2,6231,454

.500

.133

4961,7331,8361,836

5131

2,891

.630

1.118

14, 5457434

2,5343,451

.500

.138

6682,2262,0662,648

4636

3,633

.630

1.123

7,7616934

1,798882

.525

.148

5861,9791,7502,203

3917

3,053

.625

1.123

9,7725724

1,7592,046

.450

.128

7382,2882,2412,264

4613

3,054

.625

1.118

7,8984321

1,3251,429

.488

.128

7372,1971,8592,155

8422

2,000

.625

1.145

9,382150

1,9361,032

.475

.108

7221,9931,6991,784

6613

3,092

.625

1.145

10, 50810314

2,2051,437

.438

.103

8722,2542,0642, 065

5435

2,923

.625

1.112

8,49716513

1,0102,189

.463

.090

8442,1641,8922,225

5365

2,644

.610

1.118

15, 308972

2,2913,220

.463

.095

8132.1641,9512,359

12420

3,840

.610

1.145

12, 039132

11 7373,245

.513

.095

744r 2, 118

1,9592 369

668

2,831

.595

1.158

11,0479210

1 6072 784

513.108

800r 2, 168

2 0052 453

3736

3,126

.595

1.180

9,89511623

1 8212 065r. 550.118

732r 2, 130

1 8142 148

8836

2,913

.615

' 1. 185

p. 488p 133

5461,8871 7741 704

3512

2,148

P. 625

* 1. 208

4_«

r Revised. *» Preliminary.1 Beginning April 1957, data exlcude excise tax; earlier data include excise tax ($0.005 per Ib.). 2 December 1 estimate of 1956 crop. 3 September 1 estimate of 1957 crop.cf Bags of 132 Ib. §Data represent price for New York and Northeastern New Jersey. 9 Includes data for types not shown separately.




1956


berDecem-

ber

1957

Janu-ary


LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:Production, total thous. of pairs

Shoes, sandals, and play shoes, except athletic,total _ _ thous. of pairs.

By kinds:Men's doYouths' and boys' _ _ _ _ _ _ _ __do.--Women's doMisses' and children's _ _- _ _ _ d oInfants' and babies' do

Slippers for housewear _ _ doAthletic doOther footwear do

Exports - - - --- _- -_ _- .-do _ _ -Prices, wholesale, f. o. b. factory:

Men's and boys' oxfords, dress, cattle hide upper,Goodyear welt 1947-49 =100

Women's oxfords (nurses'), side upper, Goodyearwelt 1947-49=100

Women's and misses' pumps, suede split _-do

42, 771

36, 715

7,3371,628

20, 4065,0872,257

5,181368507232

124.1

129.9117.4

55, 656

46, 346

9, 5832,044

25, 0306,6353,054

8,222546542352

124.1

129.9117.4

45, 485

37, 106

7,9731.685

19,2765,4432,729

7,554493332291

124.1

129.9117.4

52 239

42, 128

9,2861,781

21, 4646,3973 200

9,183553375333

124 1

131 3117.4

46 926

38, 267

8 4871,491

19 2635, 9253 101

7 671576412264

124.1

131.3117.4

41 944

37, 107

7 7441,654

18 7056,0162 988

4 182482173326

124 1

131 3117 4

51 535

47, 410

9 0841 937

25 2247 5473 618

2 859477789225

124 1

131 3117 8

51 398

45,847

8 7221 771

24 7747 0923 488

4 345463743272

124 1

131 3117 8

55 085

48, 815

9 6421 950

26 5366 9313 756

5 042541687421

124 1

131 3117 8

52 836

46, 457

9 3662,116

25 2226,2753 478

5 135451793385

124 1

131 3118 9

49 464

42, 679

8 8391 957

22 8315 8093 243

5 541474770274

124 1

131 3118 9

r 45 226

' 38, 964

r g 194' 1 963

r 20 771r 5 437r 2 599

r 5 075r 533r (554

213

124 1

131 3118 9

46 016

40 087

7 4812 113

22 4125 4512 630

4 982409538231

v 124 4

P 131 3P us 9

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES

National Lumber Manufacturers Association:!Production, total mil. bd. ft_

Hardwoods _ _ _ _ _ _ __do_Softwoods .- _ _ _ _ d o

Shipments, total doHardwoods do. -Softwoods.. _ _ - - _ - d o - _ _

Stocks, gross (mill and concentration yards) , end ofmonth, total mil. bd. f t _ _

Hardwoods - -_ _ -_ _-do_Softwoods --_ _ _ do -.

Exports, total sawmill products _ _ M bd. ftImports, total sawmill products! do

SOFTWOODS

Douglas fir:tOrders, new mil. bd. ftOrders, unfilled, end of month doProduction _ do_Shipments _ _ d oStocks, gross, mill, end of month do

Exports, total sawmill products. M bd. f t_.Sawed timber _ doBoards, planks, scantlings, etc ._ __ do_

Prices, wholesale:Construction, No. 1, dried, 1" x 4", R. L.

dol. perMbd. ft-_Flooring, C and better, F. G., I" x 4", R. L.

dol. per M bd. f t_-Southernpine:

Orders, new _ _ _. mil. bd. ftOrders, unfilled, end of month doProduction _ _ _ _ _ _ d oShipments _ ._ doStocks, gross (mill and concentration yards), end of

month .__mil .bd . f t -_Exports, total sawmill products _ - M bd ft

Sawed timber doBoards, planks, scantlings, etc.. do_ _

Prices, wholesale, composite:Boards, No, 2 and better, I" x 6", R. L.

dol. per M bd. f t_-Flooring, B and better, F. G., 1" x 4", S. L.

dol.perMbd.ft.-Western pine:

Orders, new _ _ mil. bd. ftOrders, unfilled, end of month doProduction _ __ _ do _.Shipments doStocks, gross, mill, end of month doPrice, wholesale, Ponderosa, boards, No. 3 common,

1" x 8" dol. per M bd. ft

HARDWOOD FLOORING

Maple, beech, and birch:Orders, new M bd. f t _ _Orders, unfilled, end of month _ doProduction doShipments _ doStocks, gross, mill, end of month do_ _ _

Oak:Orders, new doOrders, unfilled, end of month doProduction _ _ ... do_ .Shipments doStocks, gross, mill, end of month do

3,067633

2,434

2 949511

2,438

8,7163,3285,388

70 485327, 726

712589655706902

34, 01321 31012 703

88. 206

132. 570

675221690694

1,8237,9832 0105,973

82. 425

154. 154

685415746694

1,803

79.80

4,52515, 4503,2254,3006,555

79, 69155, 62487, 88086 29181, 038

3,538658

2,880

3 262556

2, 706

8,9913,4305,561

64, 036332, 975

752566830775956

23, 66912,88210, 787

86. 773

131.247

730215729736

1,8168,6141,7406,874

81. 884

154. 338

730347912799

1,917

77.39

4,37514, 5504,3505,0006,200

92, 40649, 448

102, 49797, 80787, 716

3,147658

2,489

2 871571

2,300

9,2473 5175,730

61 639294, 491

652554717664

1,010

27, 66416 69910 965

85. 089

130.879

641211650645

1,8215 9661 9184,048

81. 884

154. 154

681359769668

2,017

73.53

3,00013 3503,3003 5006,350

72, 91740, 86787, 73084 99388, 885

3,403654

2,749

3 156584

2,572

9,4963,5865,910

70, 035314, 368

798578825774

1,068

33,50019 28614, 214

83. 159

129. 685

711198744724

1,8416,1001 4544,646

81. 794

154. 154

733361808731

2,094

70 83

2,70013, 0003,7003, 1007,050

86, 42635, 800

100, 47593, 72995, 631

2 975607

2 368

2 804556

2 248

9,6603 6376 023

55 235279, 133

683537761725

1,097

24, 26914 11710 152

81. 603

130.646

619174690643

1 8886 9791 8415' 138

81. 794

153. 970

626319600584

2,110

70. 10

4,00013 2503,7003 3507,300

74, 84332, 29686, 46280 601

101, 492

2, 554550

2.003

2 390507

1,883

9,8243 6816 143

82 249227, 006

679608633607

1,122

37, 58422 22515 359

80. 654

130.034

516158615532

1,9719 5361 8097,727

82. 062

153. 542

554365501508

2,103

71 46

3,95013, 3503,6003,3757,500

62, 52529, 63070, 98565 903

106, 574

2 720561

2 159

2 625509

2 116

9,8633 7336 130

56 983175, 509

651585689674

1,082

22, 77512 8589 917

81. 989

131. 320

658178738638

2 0716 8511 2035 648

80. 465

152. 133

540375451530

2,024

72 52

4,25013 7504,3003 8508 100

80 67133, 57387, 01078 490

115, 094

2 612573

2 039

2 486535

1,951

9,9893 7716 218

66 281206, 386

634582692637

1,137

35, 04019 43715 603

80.905

131.308

557180570555

2,0867 5051 4516 054

78. 395

148. 779

511395486492

2,018

73 38

3,47514, 0253,7003 1508,650

73, 68337, 62474, 46769 632

119, 929

2 807554

2,253

2 758527

2,231

10, 0373 7976,240

80 341250, 060

752636760699

1,198

33, 83119 69214 139

80. 170

129. 746

634166616648

2,0549 2402 2177 023

78. 135

148. 473

628451558572

2,004

73 38

3,95014 1503,7603 3509, 150

92, 44250, 51472, 56177 471

111, 676

2,950501

2,449

3 023512

2,511

9,9903 7866,204

66 776241,941

804629808812

1,221

31, 37020 42610 944

80. 893

128. 288

674191633649

2,0388 2831 9466 337

77. 785

147. 821

657430653678

1,979

74 19

4,00013 8504,2003 7509 550

88, 28057, 08777 73081 707

106, 162

3 050490

2 560

3 119510

2 609

9,9293 7656,163

83 948241, 931

885679833835

1,225

32, 94821 40311 545

80. 164

126. 500

699193663697

2,0047 7881 0176 771

77. 792

146. 412

701433691698

1,972

74 61

3 75013 9503 4503 7009 300

86 01955, 68083 61084 113

103! 814

2 934492

2 442

3 005505

2 500

9,9283 7526 176

67 790257, 755

728618735788

1,172

30, 94216 67414 268

r 80. 176

* 126. 151

659218613634

1 9838 7421 3827 360

r 77. 183

»-145 800

654430683657

1,998

r 74 12

4 05014 3CO3 2253 7258 950

68 16852, 10274 89774 478

103! 134

76 729

27, 41613 14214 274

» 80. 761

*126. 151

9 0081 4897 519

' 77. 252

J> 146. 821

P 72 38

r Re vised. f Preliminary.{Revisions to be shown later are as follows: All types of lumber, January 1954-March 1955; imports of sawmill products, April 1955-January 1956; Douglas fir, January 1953-October 1955.


S-32 SUKVEY OF CURRENT BUSINESS September 1957


1956


berDecem-

ber

1957

Janu-ary


LUMBER AND MANUFACTURES—Continued

PLYWOOD

Hardwood (except container and packaging) :Shipments (market) , quarterly total

M sq ft surface measureInventories (for sale) end of quarter do

Softwood (Douglas fir only) , productionM sq. ft., %" equivalent -_ 355, 424 475, 763

188, 52939, 186

411,981 493, 563 444, 773

212, 70151,087

506, 066 439, 595 405, 013

r 196, 022r 39, 232

404, 061 473, 105 505, 074

186, 93638, 693

466, 993 412, 559 467, 882

METALS AND MANUFACTURES

IRON AND STEELForeign trade:

Iron and steel products (excl. advanced mfrs.):Exports totaled1 short tons

Scrape71 doImports totaled do

Scrap do

Iron and Steel Scrap

Production and receipts total thous of short tonsHome scrap produced doPurchased scrap received (net) do

Consumption total doStocks consumers' end of month do

OreIron ore:

All districts:Mîne production thous of long tonsShipments doStocks at mines end of month do

Lake Superior district (U. S. and Canadian ores):Shipments from upper lake ports doConsumption by furnaces§ doStocks end of month total§ do

At furnaces§ doOn Lake Erie docks§ do

Importscf do]VTanganese ore imports (manganese content) c? do

Pig Iron and Iron Manufactures

Castings, gray iron:Orders unfilled for sale thous of short tonsShipments, total do

For sale doCastings, malleable iron:

Orders unfilled for sale short tonsShipments, total do

For sale doPig iron:

Production thous of short tonsConsumption doStocks (consumers' and suppliers'), end of month

thous. of short tonsPrices, wholesale:

Composite dol. per long tonBasic (furnace) doFoundry No 2, Northern do

Steel, Crude and Semimanufactures

Steel castings:Shipments total short tons

For sale, total doRailway specialties do

Steel forgings (for sale) :Orders, unfilled thous. of short tonsShipments, total do

Drop and upset doPress and open hammer do

Steel ingots and steel for castings:Production _ _ d o

Percent of capacity JPrices, wholesale:

Composite, finished steel dol. pe r lb__Steel billets, rerolling, carbon, f. o. b. mill

dol. per short tonStructural shapes (carbon), f. o. b. mill dol. per IbSteel scrap, No. 1, heavy melting (Pittsburgh)

dol. per long ton._Steel, Manufactured Products

Barrels and drums, steel, heavy types (for sale) :Orders, unfilled, end of month.. _ __ thousandsShipments doStocks, end of month _ _ - d o

Cans, metal, shipments (in terms of steel consumed),total for sale and own use short tons

Food doNonfood do

Shipments f o r sale.. _ _ _ . _ . _ _ . _ _ . d o _Closures (for glass containers), production, . .millions-Crowns, production . _ _ thousand gross-.

701, 488438, 908168, 92613, 102

2 304989

1,3152,2257,013

1,4902,1437,806

2,666

2, 63873

1,109763488

92, 07854, 34031, 300

1,1071,079

2,419

61.0860.0063.00

117, 98496, 35019, 833

546.998.576.222.2

1,62215

.0583

78.50.0487

44.50

2,5362,379

57

448, 529266, 336182, 193396, 151

1,39024, 548

710, 271472, 165225, 63126, 907

6 1273,2702, 8576,1087,027

9,9629,8987,854

8,0451 6, 85835, 47531, 901

3,574

4,07785

1,0741,103

672

91, 88374. 42243, 479

5,1435 173

2, 326

62.3562.5063.00

159 831127, 00132, 965

562.4123.289.134.0

8,12375

. 0620

84.00.0527

54.00

2,2662,035

65

593, 912418, 959174, 953531,036

1,59424, 870

908, 956545, 470178, 93425, 024

6,7333, 7552,9786,9796,786

13, 40413, 5127,716

12, 7457,217

41,21337, 3763,837

3,53765

1,0371,110

649

92, 55369, 38041, 902

0,9346,780

2,396

62.4562. 5063. 00

155. 046121,70533, 496

619.9121. 588.233.3

10, 42399

. 0627

84.00.0527

58.50

2,1261,731

62

533, 261392, 158141, 103458, 039

1,36818, 883

1,140,215683, 537255S 12224, 788

7 6644, 1623,5027. 5296 923

13, 85214, 3057,263

12, 6287,556

47, 48343, 2354,248

3,877103

9961,275

734

92, 73481, 52850, 219

7,3167 224

2,380

62.4562. 5063 00

175,630135,79834, 762

538.7148.3110.837.5

11, 049101

.0627

84.00.0527

55.50

2,0701,914

62

516, 540352, 673163, 867453, 970

1,68521, 289

923, 148490, 708296, 82725, 607

7 1083,9413,1677,0636,958

8,35110, 2885,327

8,8017, 485

50, 53745, 947

4 591

2,60864

9171, 176

635

89 97782, 71747 979

7,0376 986

2,308

62.4562. 5063 00

164 114126 90028, 284

553. 4134 5100.334.2

10, 556100

.0626

84.00.0527

62. 50

1,8951 878

61

265, 169154, 249110, 920219, 267

1,43616, 706

1,160,670621, 775225, 53228, 753

7 4753,9703,5057,0177 416

4,8374,4485,699

1, 5807,840

45, 50841, 2314,277

1,63096

9201.109

587

92,31176, 35244, 268

7 3367,164

2,355

62. 4 S62.5063 00

158,7251 25, 56934, 080

537. 9129.696.333.3

10, 83899

.0628

84.00.0527

66.50

1,7081,874

62

267, 144153, 092114,052221, 290

1,28016, 941

981, 743726, 244213, 75720, 741

7 3204.0703, 2517,4277,312

3,8411,9017,649

07,892

37, 48433, 5803,905

1,69292

9051,213

642

93, 88685, 97751, 508

7,2827,260

2,268

62. 4562. 5063.00

169 240133, 82630, 090

536.9147.7113. 034.7

11, 00997

.0629

84.00.0553

62 50

2.5112,166

77

314, 488183 293131, 195262, 984

1,40322, 724

1,016,175607, 765184, 43419, 571

6,7413,7442,9976,7637,306

3,5601,8179,398

07,099

30, 11026, 8173,293

1,35789

9311,103

582

90, 72578, 02846, 729

6, 6586,563

2,241

62. 4562. 5063. 00

154, 932121, 66727, 181

532.9135.0102.232.8

9,98798

.0632

89.00.0567

53.50

2,3462,050

69

280, 395161, 659118, 736234, 194

1,25124, 091

1,401,916775, 968187, 40911, 267

7 1103,9593,1517,0497,361

3,7171,855

11, 254

07,602

21,94119, 6722,270

1,45889

9351,133

604

89, 43178,01348, 311

7,2476 894

2,439

63. 8464.5065.00

160 054124, 41629, 968

517.0145.8107.937.9

10, 58993

.0633

89.00.0567

50.50

2,4442,179

68

323, 791178, 913144, 878267, 700

1,39329, 712

1,293,189646, 698180, 789

8,295

6 5243,7642,7596,5147,376

6,6775,581

12, 390

3,9877,158

17, 16715, 1701,996

1,80190

8991,120

611

83, 11680, 27151, 320

6,8716 559

2, 524

64. 0564. 5065 00

162 498124 54929, 708

496.9139.0103.435.6

9,81590

.0633

89 00.0567

41.50

2,3262 160

78

506, 425335 566170, 859446, 336

1,44329, 068

1,283,605671, 916187, 64514, 645

6 3763,8492,5266,4447,307

12, 58713, 39311, 543

12, 7287, 375

22, 71220, 2662,446

3,18788

8801,112

625

79 78776, 50446 277

6, 9456 567

2,711

64. 0564 5065 00

164 575125 43132,840"

479.2135.3100.834.5

9,79286

.0635

89 00.0567

44.50

2,2852 207

77

338, 575175 847162, 728280, 919

1,46528, 713

1,211,497502, 030161, 60715, 644

r 6, 0863,628

r 2, 458' 6, 082

7,309

14, 44016, 0749,914

13, 5976,931

29, 57026, 823

2,747

3,626108

853' 1, 058

599

76, 331f 72, 556

44, 639

6,660' 6, 353

' 2, 791

64.0564.5065.00

r!53 647119, 35331, 338

445.1128.592.935.5

9,39186

.0635

89.00.0567

56.50

2,3512,124

71r 360, 530r203 957

156, 573r 308, 197

1,38528, 791

1,163,485490, 930

* 6, 041P 3, 490P 2, 551* 5, 486v 7, 865

14,2127,157

37, 14833, 9753,173

6,692P 6, 226

v 3, 199

65.23P 64. 50f 66. 50

' 8, 90979

.0677

?92 50p.0594

» 55. 50

452 994271 056181 938404, 235

13, 172

65.95

* 9, 218»81

.0677

r Revised. » Preliminary. 1 Total for July-August.§ Beginning 1956, data (compiled jointly by The American Iron Ore Association and American Iron and Steel Institute') reflect increased coverage of approximately 70 U. S. and Canadian

furnaces. Also, some U. S. ore previously reported as held on Lake Erie docks is now included in stocks at furnace yards, and certain small stocks of ore, not fully reported in earlier data, arenow more accurately represented. Comparable figures for earlier periods are not available. ^Revisions for 1954 appear in the June 1956 SURVEY and for 1955 in the October 1956 issue, p. S-35except that for 1955, exports of iron and steel products are further revised as follows (short tons): Total—May, 854,549; June, 879,842; September, 789,530- November, 815,810- scrap—May487,300; June, 545,812; November, 446,451.

* For 1957, percent of capacity is calculated on annual capacity as of January 1, 1957, of 133,459,150 tons of steel; for 1956, data are based on capacity as of January 1, 1956 (128,363,090 tons).

NOTE FOR STEEL PRODUCTS, p. S-33.—Data for semifinished products comprise ingots, blooms, slabs, billets, etc., skelp, and wire rods (formerly included with wire and wireproducts); rails and accessories include wheels and axles. Monthly data for 1950-54 and annual shipments beginning 1933 on the revised basis will be shown later.


September 1957 SUEVEY OF CUKRENT BUSINESS S-33


1956


berDecem-

ber

1957

Janu-ary


METALS AND MANUFACTURES—ContinuedIRON AND STEEL— Continued

Steel, Manufactured Products — ContinuedSteel products, net shipments :§

Total (all grades) thous of short tonsSemifinished products doStructural shapes (heavy), steel piling doPlates doRails and accessories doBars and tool steel, total _ . do

Bars* Hot rolled (incl. light shapes) doReinforcing doCold finished do

Pipe and tubing . . .. _ do_ _Wire and wire products doTin mill products (incl. black plate) - do_ _Sheets and strip (incl. electrical), total do

Sheets: Hot rolled do ._Cold rolled _ - _ _ - - _ - d o

NONFERROUS METALS AND PRODUCTS*Aluminum:

Production primary domestic short tonsEstimated recovery from scrap© doImports (general) :

Metal and alloys, crude doPlates, sheets, etc do

Price, primary ingot, 99%+ dol. per IbAluminum shipments:

Mill products and pig and ingot (net) mil of IbMill products, total do

Plate and sheet doCastings A - - do

Copper:Production:

TVTinp ffcovPT'ablp nopperA short tonsRefinery primary do

From domestic ores __ _ _ doFrom foreign ores do

Secondary, recovered as refined _ _ _ _ do _Imports (general):

Refined unref scrap© O doRefined do

Exports:Refined, scrap, brass and bronze ingotsQ _ do __

Refined doConsumption, refined (by mills, etc.)t - doStocks, refined, end of month, total do

Fabricators' .. _ - doPrice, bars, electrolytic (N. Y.) dol. p e r l b _ ^

Copper-base mill and foundry products, shipments(quarterly) :

Brass mill products - mil. of IbCopper wire mill products© _._ _ _doBrass and bronze foundry products do

Lead:Production:

Mine, recoverable lead A short tonsSecondary, estimated recoverable© do

Imports (general), ore©, metal O doConsumption, total doStocks, end of month:

Producers', ore, base bullion, and in process©(ABMS) short tons

Refiners' (primary), ref. and antimonial© do _Consumers', total _ do __Scrap (lead-base, purchased), all consumers do

Price pig desilverized (N. Y.) dol. per IbTin:

Production, pig, total long tonsImports for consumption:

Ore©. .^ ,. _ doBars, pigs, etc . _ _ do

Consumption, pig, total _ _ doPrimary - _ do

Exports, incl. reexports (metal) O doStocks, pig, end of month, total do

Industry doPrice, pig, Straits (N. Y.), prompt dol. per lb__

Zinc:Mine production, recoverable zincA short tonsImports (general):

Ores and concentrates©©- - doMetal (slab, blocks)© do

Slab zinc:Production (primary smelter), from domestic and

foreign ores. - short tonsSecondary (redistilled) production, total doConsumption, fabricators', total doExports doStocks, end of month:

Producers', smelter (AZI)_ doConsumers' do

Price, prime Western (St. Louis) dol. per lb__Zinc oxide (zinc content of ore consumed) _short tons .

1,289

151,62426, 258

25, 9241, 657. 2590

354.6247.8139. 652.4

80, 600107, 56581,81425, 75119, 224

49, 32416, 782

16, 1729,392

82, 257238, 947154, 902

.4081

27, 96933, 09428, 96185, 900

126, 96047, 628

123, 69550, 798.1600

2 207

1,1824, 5574,4152, 455

2016, 78716, 760.9616

42, 963

41, 95512, 631

78, 9144,166

46, 548629

102, 775103,988

. 13507,685

5, 5401291472631152

1 1,052645238152857339544

i 2, 492i 709

1 1, 100

92, 40628, 576

18, 8101,731.2671

313.3217.8104.360.8

92 067109, 72683, 58326, 14319,088

58, 09117, 497

24, 04718, 570

125, 690236, 865147, 093

.3963

30, 63033, 53636, 265

105, 900

133, 02837, 706

114, 06653. 339.1600

1,694

9185,3807,3904, 915

1919, 05017, 570.9896

45, 437

50, 46214, 179

84, 3955, 1 54

77,155602

104,30798, 642. 13507, 794

7 058367543747211

1,124756234125831342539

2,353705

1,046

132 31628, 131

17, 2441,265.2710

307.7217.4117. 161.9

85 292108, 78982, 72726, 06217, 383

47, 88213, 697

27, 27722, 025

115, 204218, 596132, 407

. 3960

461363216

27,41535, 35642, 14595, 000

126 27438, 650

119,77352, 129. 1600

1,587

1,4624,8357,4105,305

1620, 58918, 6701. 0357

41 980

37, 96026, 094

84, 5835, 652

80, 258657

102,16595, 269

.13508. 017

7 931400600796215

1,262849250152990348588

2,733840

1,211

149 12534, 997

23, 0971 798.2710

361 9252.9136.573.4

93 690125 20493, 54231, 66215, 808

63 68615, 016

29, 31221 213

132, 256221 978121, 855

.3862

31 52038, 65032 804

110 100

119 14140 398

112,75358, 991

1600

1,993

1,2306, 6258,4205, 775

9018, 35317, 6401. 0572

48 861

47, 18231 079

85, 7977, 696

94, 777952

88,81093, 896

. 13508.478

7 431390569775197

1,218820250139931298451

2,602802

1,189

145 08132, 571

18, 6481,682.2710

318.9218.3114.669.1

88 632121, 33489, 27732, 05716, 597

41 65214, 345

25, 16517,836

116, 119238 901127, 544

.3570

28 50334, 39141, 294

101 000

121 05135 196

102, 68859, 111

.1600

1,929

1,2245,8948,0005, 550

11219.27218,3901. 1026

45 449

39, 80327, 580

85, 4786, 330

87, 2241,091

70, 1 8597, 325

. 13508, 136

7 064399564607214

1 166788240129915263406

2 532826

1 130

148 39128 164

21 4781 361

2710

281 4194 899 967 0

87 205123 19784 89938 29822 171

60 22614 970

49 24339 620

112 119237 157121 842

. 3565

505405225

27 10934, 49856, 09589 700

118 07839, 129

115,57257, 020.1600

1,788

1276,2857,2704,895

120T 20, 045r 19, 029

1. 0401

44 084

45, 42546, 452

91. 4966,738

82, 272413

68 622100,605

. 13508, 968

7 809380573777224

1,180802224144

1,039314649

2 674847

1,232

147 02933 520

19, 8851 252.2710

330 4234.8126 073.0

93 210137 36298, 40138 96120, 492

58 79513, 496

43, 10729 933

132, 754228 268112, 696

.3553

30 22936, 00954, 063

101 400

120 97540 559

118, 12455, 465

1600

2,049

154,7467, 9955,440

9919, 13519, 1351.0135

49, 186

42,18927, 494

86, 7486, 704

90, 490496

78 97490, 500.13509. 050

7 067360583763208

1,085713235127905287529

2 347731

1,083

119 05930 471

17, 5771 490.2710

306 5206.4109 869.5

90 256114 26383, 23931 0?419, 821

43 08814 190

40 98129 769

112 335237 583101,822

.3258

29 13638, 28333 52794 400

123 27644, 833

117, 55456, 535

16002 260

03,9647, 1405, 000

2618 19018, 1901. 0022

45 847

41,31424 288

81, 2376,841

80, 752503

86 88988, 232. 1 3507. 004

7,822437668881232

1, 145768240128

1,034312809

2,302753

1,026

135, 70632, 948

23, 0681,774.2710

343.9229.8120.174.5

95, 167128, 04692, 10335, 94319, 372

55, 33816, 155

57, 15141, 376

116,700249, 583110, 196

.3145

506409235

30, 86538, 48338, 83097 400

126 05339, 846

119,37549, 716

1600

2265

235,2317,4005,110

24318, 42018, 420. 9948

50, 420

42, 29622, 761

89, 8607, 064

78, 384987

89, 35789, 626.13507.820

7,350358631876232

1,030687216118974304875

2,070680907

139,15230, 674

21, 8321,364.2710

338.9238. 2126.868.3

94 443130, 94392, 53238 41120, 178

58 21211,815

50, 07732 315

T 123, 973r243 202T 106, 576

.3152

30 91537 57041 85594 900

121 69149 348

112 95345 647

1600

2 295

104,4277 5905 060

26018 62518 625. 9930

50 755

45 63030 037

89, 7916,715

77 4891 201

105 531r 84, 648

.13506. 552

6 972403659918242

1,005692188114

1,020327350

2,049656895

145 174•p 32, 886

20, 0011 420.2710

342 8249.0130.065.1

93 274133 06298, 95834 10422, 661

48 37719, 687

44, 77528 479

r!22 386r265 432rl!3 586

. 3129

99 85536 75034 38294 000

117 02254 941

106 72846 295

1539

2261

06,2237 3054 840

3019 44519, 445.9832

46 060

47 61920 376

90, 0326, 823

75 909877

112 693' 71, 124

. 11927.833

7,285491630870226

1,046689233116998388391

2,244716984

138, 007

21, 2221,312.2710

321.4226.7117. 158.5

T 90, 320115, 66088, 09127, 56919, 999

40, 6119,064

47, 26831, 954

r 11 6, 567r 273, 863r 109, 979

.3033

r 516409227

r 26 717

48, 064

120 706

14322 266

03,7486, 8204, 555

2619 20019, 200.9802

r 44 521

41 63323 406

84, 0096,710

73, 464822

133 45570, 699. 11367.243

5,87727363479219275248917284

859218460

1, 698531791

142 041

.2710

v 85 155109 29683, 40725 88915, 883

34, 51924 420

•P 81,477P305 895pl20, 768

. 2869

26 762

134 039

1400

165

. 9646

p 41 920

3 769

''146 179

"".10017. 599

.2810

.2810

. 1400

.9415

149 296

. 1000

T Revised. v Preliminary. ! For July and August. 2 Secondary plants only.©Basic metal content. § Beginning with the March 1956 SURVEY, data reflect regrouping of products. For changes notjjclf-explanatory, see note at bottom of p. S-32.

shoAmiductionduction, exports, consumption, and stocks of copper and shipments of mill and foundry products are compiled by BDSA. Leathe American Bureau of Metal Statistics; stocks of scrap lead are in gross weight. Zinc— primary smelter production of slab ziniat primary and secondary smelters (compiled by Bureau of Mines) from total smelter production (compiled by American Zinc 1

A Re visions for 1954 (and 1955 for lead and aluminum castings)'are available upon request.tRevisions for August 1954-Scptember 1955 will be shown later.

d—producers' stocks of lead ore and bullion are compiled byic is derived by subtracting secondary (redistilled) productionInstitute),

©Revisions for earlier months appear in the July 1956 SURVEY.




1956


berDecem-

ber

1957

Janu-ary


METALS AND MANUFACTURES—Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Radiators and convectors, cast iron:Shipments thous ofsq. ft of radiationStocks end of month _ _ _ do -

Oil burners:Shipments numberStocks end of month do

Stoves and ranges, domestic cooking, excl. electric:Shipments total number

Coal and wood doGas (incl bungalow and combination)© doKerosene gasoline and fuel oil do

Stoves domestic heating shipments total doCoal and wood doGas - doKerosene gasoline, and fuel oil do

Warm-air furnaces (forced-air and gravity air-flow),shipments total number

Gas - - - - - do _Oil doSolid fuel do

Water heaters, eras, shipments - _.. _ . do _

MACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly totals:TT N^V. f ' "' fj f ' ^

Foundry equipment (new), new orders, net

Furnaces, industrial, new orders, net:Electric processing thous. of dolFuel-fired (except for hot rolling steel) do

Industrial trucks (electric), shipments:Hand (motorized)* numberRider-tvpe do

Industrial trucks and tractors (gasoline-powered), ship-ments* number

Machine tools (metal-cutting):® ANew ordprs (net) total mil of dol

"Domestic doShipments total do

"Domestic <ôEstimated backlog months

Pumps (steam, power, centrifugal and rotary), neworders 9 thous of dol

Tractors (except contractors' off-highway and garden) :AShinments total thous of dol

Wheel-type doTracklaying do

ELECTRICAL EQUIPMENT

Batteries (automotive replacement only), shipments t

Household electrical appliances:Refrigeration output (seas adj )* 1047 49 — 100Vacuum cleaners (standard type), sales billed

Washers, domestic sales billed D doRadio sets, production § _ doTelevision sets (incl. combination), production §

thou sands _ _Insulating materials and related products:

Insulating materials, sales billed, index1947 49 — 100

Vulcanized fiber products: 9Consumption of fiber paper thous of IbShipments of vulcanized products thous of dol

Steel conduit (rigid) shipments thous of ft

Motors and generators, quarterly:New orders index 1947 49 — 100Polyphase induction motors, 1-200 hp:^f

New orders thous of dolBillings do

Direct current motors and generators, 1-200 hp:^fNew orders thous of dolBillings do

1, 9596,626

57, 75274, 320

155, 7254,065

146, 8454,815

280, 61732, 832

183,31564, 470

111,61471, 96234, 7704,882

226, 532

110 3

1,0892,726

682512

2,725

61.9055. 2565.1560.70

7.8

7,587

57, 28320, 84036, 443

2,178

160

259. 8380.2566.7

336.9

117.0

3,5401,450

42, 513

2,9965,977

85, 27864, 527

206, 5067,183

187, 48411, 839

348, 64554, 526

215, 86178, 258

159,70499, 71252, 873

7, 119237, 962

188 3

3, 2632,988

554374

2,137

87.5078.2575.1069.00

7.7

8,336

63, 32124, 55638, 765

2,571

146

276.9373.9990.8

612.9

153.0

4,8291,930

30, 344

3,0895,277

97, 74651,778

204, 4465, 789

190, 9847, 673

347, 68858,212

195, 53393, 943

154, 50994, 84551.6388,026

217, 277

54 27521 032

114 7

1,4101,007

577442

2,141

78.4568.8071. 1065.40

7.7

8,436

63, 23129, 65633, 575

2,711

159

320.3402.6

11,319.2

i 894. 2

141.0

4,1581,694

28, 700

228.0

55 18757, 156

12, 13610,815

3,7194,263

94, 91048, 903

217, 8986, 536

202, 8508,512

383, 58263, 483

224, 50795, 592

133, 32181 , 46245,118

6, 741225, 632

122 2

2,1315,447

682491

2,191

66.1057. 5589.7579.85

7.2

9,188

63, 32227, 61935, 703

3 015

132

372.0449.4

1, 348. 9

820.8

163 0

4,6741,956

31, 596

2,5894,074

64, 88150, 162

161, 0705. 537

149, 6755,858

242, 32230, 905

160,61150, 806

99, 54362, 98732, 3034,253

182, 266

121 0

1, 5871,767

565501

2,206

64. 2558. 7081.7073.60

6.7

8,522

55, 47122, 73132, 740

2,592

136

300.4357. 9

1, 381. 8

680.0

149 0

4,2401,812

31, 156

1. 7563,878

38, 72950, 329

134, 8784,387

125, 1395,352

85, 53610, 53756, 14018, 859

71, 30547, 47921,201

2, 625153, 198

49 24620 543

115 6

2, 0952,943

521442

1,977

57.2051.9085.1575.05

6.2

6, 838

63, 65629, 68933, 967

2,265

151

281.0298.4

!1,715. 2

i 627. 0

139.0

4,4641,784

33, 318

203.0

50 15551, 859

10, 64513, 293

1,7124,139

45, 93354, 460

146, 3604,178

136, 2485,934

89, 8556,379

56, 56426, 912

75, 73149, 22823, 7372,766

209, 953

117 9

2,0624, 581

602480

1,837

63. 2556.3076.5567.55

6.0

9,601

74, 63538, 25136, 384

2,638

127

276.7331.3

1, 085. 5

450. 2

154.0

4,8242,017

32, 913

1,7974,362

42, 77252, 345

160, 7924,716

149,1266,950

90, 7168,021

55, 66027, 035

66, 83843, 70820, 8702,260

202, 173

188 4

4,4413, 429

559385

1,610

58.2051.1077.7072.05

5.8

7,551

82, 06043, 35138, 709

1,961

151

300.9319.6

1, 264. 8

464.7

146 0

4,3021,917

33, 684

1,8034,750

43, 61962, 532

178, 6954,000

163, 66811, 027

105, 0419,870

54,01141, 160

74, 60851, 03021, 5402,038

221, 764

r 59, 162r 18, 792

127 0

1,8096,794

583411

1,909

58.9051.3089.1078.80

5.5

7,654

92, 65048, 60644, 044

1,254

151

312.7286.2

MOQ.l

i 559.8

153.0

4.3871,841

40, 916

202 0

49 46749, 717

14, 94713, 124

1, 7234,887

46, 78265, 070

164, 8774,716

153, 2076,954

103, 58514, 23255, 32334, 030

74, 08450, 12521,7932,166

232, 705

101 1

1,0891,665

606455

1,941

51.3045.7087.8077.65

5.0

7,801

83, 96545, 39038, 575

1, 178

136

281.6230.7

1,115.8

361.2

145 0

4,3061,799

25, 303

1,5075,435

46, 08173, 106

152, 6574,669

140, 3397,649

143, 35617, 40678, 25047, 700

73, 90650, 20821, 946

1,752228, 198

136 2

1,2792,048

618429

1,737

41.4037.9578.5070.90

4.6

7,786

74, 98441, 87833, 106

1,605

138

231.2254.2

1, 023. 8

342.4

148 0

4,6711,983

30, 410

54, 44573, 228

146,4494,757

136, 0365, 656

161,03922, 674

106, 44131, 924

84, 65156, 57925, 5272,545

205, 838

56 59521, 717

187 5

1, 2611,320

536433

1,869r 43. 10r 40. 05r 82. 95r 72. 85

4.2

8,228

67, 40633, 78133, 625

r 1 878

135

207 3282.3

1 1,088. 3

i 543. 8

140 0

3 4981,488

45 257

49 18852 321

8,31711 740

1,4872,404

611420

1,651

p 55. 85p 50. 80p 58. 50P51.30

P 4 . 2

58 22128, 44929, 772

2 478

140

218 3335. 1

'612.6

' 360. 7

" ~

p 960. 2

P 672. 1

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production J thous of short tonsStocks in producers' storage yards, end of month

thous. of short tons-Exports _ doPrices:

Retail, composite _ _ - dol. per short ton_.Wholesale, chestnut, f. o. b. car at mine., do . _ _

1,869

331359

25. 9912. 880

2,699

529465

26.2112. 880

2,481

519680

26.2313. 055

2,938

388659

27.1513. 755

2,600

364488

27.8714. 490

2,316

342658

28.9915. 575

2,639

264469

29.4115. 575

2,083

288305

29.4115. 575

1,807

365363

29.4315. 575

2,048

385362

29.2113. 671

2,306

323310

27. 5813. 671

2,564

281466

27.5813. 671

r 1, 486

308289

27.98p 14.036

2,306

r Revised. J> Preliminary. 1 Represents 5 weeks' production.©Beginning January 1956, data are estimated industry totals compiled by Gas Appliance Manufacturers' Association from reports of manufacturers whose shipments represent 80 to 9/

percent of those for the industry. ©Comparable data back to 1945 are available upon request. ADiffers from series shown in 1955 edition of BUSINESS STATISTICS.*New series. Data for trucks and tractors, compiled by the Industrial Truck Association, are available beginning January 1955. The refrigeration index, compiled by the Board of Governor*

of the Federal Reserve System, reflects changes in total output of refrigerators, freezers, room air conditioners, and dehumidifiers; data are available beginning January 1947.9 Data cover one additional company beginning July 1956 for pumps and beginning December 1956 for vulcanized fiber products. f Unpublished revisions (January 1954-October 1955)

reflecting adjustments to the 1954 Census of Manufactures, are available upon request. §Radio production comprises home, portable battery, automobile, and clock models; television setsinclude combination models. Data for September and December 1956 and March and June 1957 cover 5 weeks, other months, 4 weeks. {Revisions for 1954 and 1955 are available upon request,t Data for polyphase induction motors cover from 29 to 32 companies; for direct current motors and generators, from 21 to 25 companies. DData beginning January 1957 exclude sales of com-bination washer-dryer machines. In 1956, such sales totaled 102,400 units; 1957 cumulative sales through July were 101,000 units.


September 1057 SUEVEY OF CURKENT BUSINESS S-35


1956 | 1957


berDecem- Janu-

ber 1 aryFebru-

ary March April May June July August

PETROLEUM, COAL, AND PRODUCTS—Continued

COAL— ContinuedBituminous:

Production cf thous. of short tons..Industrial consumption and retail deliveries, total { cf

thous. of short tons..Industrial consumption, totalt do

Electric-power utilities doCoke ovens doBeehive coke ovens doSteel and rolling mills do__Cement mills doOther industrials __ do

Railroads (class I) doBunker fuel (foreign trade) do

Retail-dealer deliveries do__

Stocks, industrial and retail dealers', end of month,total. _ _ thous. of short tons..

Industrial, total doElectric-power utilities doCoke ovens do. __Steel and rolling mills doCement mills doOther industrials doRailroads (class I) do

Retail dealers do

Exports cf doPrices:

Retail, composite dol. per short tonWholesale:

Screenings, indust. use, f. o. b. car at mine. .doLarge domestic sizes, f. o. b. car at mine__do

COKEProduction:

Beehive thous. of short tonsOven (byproduct) doPetroleum coke 9 do

Stocks, end of month:Oven-coke plants, total do

At furnace plants doAt merchant plants .do

Petroleum coke doExports _ _ .-doPrice, beehive, Connellsville (furnace)

dol. per short ton..

PETROLEUM AND PRODUCTS

Crude petroleum:Wells completed numberProduction ef thous. of bblRefinery operations-.. .percent of capacityConsumption (runs to stills) thous. of bblStocks, end of month:

Gasoline-bearing in U. S., total dO-_.At refineries doAt tank farms and in pipelines do_.On leases do

Exports doImports cf doPrice (Oklahoma-Kansas) at wells dol. per bbl

Refined petroleum products:Fuel oil:

Production :Distillate fuel oil thous. of bblResidual fuel oil do

Domestic demand: cfDistillate fuel oil.- do__.Residual fuel oil do

Consumption by type of consumer:Electric-power plants. _ doRailways (class I) doVessels (bunker oil) do

Stocks, end of month:Distillate fuel oil doResidual fuel oil _ do

Exports:Distillate fuel oil. - ___ doResidual fuel oil cf do

Prices, wholesale:Distillate (New York Harbor, No. 2 fuel)

dol. per gaL _Residual (Okla., No. 6 fuel) dol. per bbl_.

Kerosene:Production thous. of bblDomestic demandcf _ _ _ doStocks, end of month. __ do _.Exports doPrice, wholesale, bulk lots (New York Harbor)

dol. per gal_ _

30, 519

24, 60022, 64911, 7503,130

93142764

6,004

70957

1,951

r 71, 489' 70, 411

41, 186T 13, 101

5531,267

13, 343961

1,078

6,567

15.31

5.0516.795

532,258

552

2,6342,185

44935536

14.13

2,680219, 805

94248, 439

277, 00870, 297

185, 83120, 880

74834, 002

2.82

54, 77533, 037

31. 49036, 144

4,3237.8426,957

115, 78743, 958

1,7202,061

.1062.00

9,1706,213

28, 990214

.111

43, 907

32, 35929, 55712, 9077,783

189333766

6,652

86859

2,802

74, 30973, 14943, Oil13, 366

5381, 362

13, 943929

1,160

7,668

15.45

5.0836.987

1155,505

535

2,9632,437

526341

69

14.35

2,995223, 046

94247, 851

279, 94471, 995

187, 12320, 826

1,17931, 602

2.82

57, 00733, 823

33, 03339, 422

5,1778,3267,323

137, 90546, 617

2,0942,136

.1062.00

9,7166,850

31, 82690

.111

40, 187

33, 23030, 03512, 1758 915

248358720

6,645

91658

3.195

76, 02674, 9F.444 56413, 522

5241,406

14 022916

1 072

6 453

15.74

5.0917.120

1526,303

519

2,8112 304

50733668

14.50

2,245211,616

94240, 708

278, 79172, 749

184, 89521, 147

80529, 372

2.82

55, 35431 868

41, 08839, 452

5,2027,5526, 59G

150 41147, 342

2,1701,734

.1062.00

9,8728,151

33, 58858

.111

47, 869

36, 26932, 74813 225

9 266304437753

7 695

1,00860

3 521

78, 89777, 70646 43414, 006

6091,549

14 190918

1 191

6 650

16 04

5.4267.546

1856,561

505

2,5842 107

47730849

14. 50

2,611215 936

87235, 842

286, 56075 178

190, 08121 301

1,44433 976

2.82

54, 91733 543

44, 25445 461

6.2668,6877,480

158 87148, 400

2,6451,343

.1092.00

11, 0448,714

35, 667313

.115

44, 209

37, 11033, 46213 7518 979

337457786

8 072

1,01961

3 648

78, 97677 80646 72614 093

5801 612

13 963832

1 170

6 312

16 27

5 4327 604

2066 332

519

2 4422 003

43931263

14.50

2 417214 174

93240 944

275, 99570 416

184 47721 102

8,44228 602

2 82

55 24535 471

57, 85450 389

7,1308,3237,031

151 51744 590

5, 1192 282

.1092 00

11 50812, 36034 329

562

.115

39, 410

38, 95334 98014 4319 383

360523792

8 427

1 03727

3 973

78 00876 88645 95613 894

5391 576

14 061860

1 122

5 092

16 26

5 4337 630

2256 620

549

2 3261 924

402264

57

15.00

2,335228 684

93252, 361

266, 01471 721

173, 27821 015

10 54426 491

2 82

61, 41339 922

71,39454,381

8,2248,7127 916

133 98144, 491

7,9593,226

.1092.25

11, 73514, 11431,420

659

.115

44, 025

42, 81037, 03715 6699 372

418593809

9,194

9784

5 773

72, 97372 13543 40912, 796

5111,377

13 245797

838

4 517

16 31

5.4677.641

2566,604

572

2,0961 793

30329278

15.00

2,667231, 880

94256, 485

256, 24470, 324

164, 38321, 537

7,46029, 680

2.82

65, 66240, 990

92, 96060, 868

9,9048, 8617,999

100, 57238, 403

6,6874,012

.1092.45

11,38417, 94624, 0191,059

.115

39, 410

35, 99231, 77812, 9378 476

405481718

7,953

8026

4,214

71, 30770, 50142 26212, 801

4911,272

12 887788

806

4 755

16 31

5.4677.641

2475,966

508

2,0151 765

25033761

15.19

2,233215, 099

91226, 461

256, 34470, 613

164, 53821, 193

8,00923 621

3.07

56, 97035 546

65,81550, 509

6,9637,9946,938

85, 10536, 201

7,1763,360

.1192.45

9,87412, 15321, 013

892

.125

42, 510

37, 28133, 70313, 5659 397

429475773

8,192

8657

3,578

71, 95671, 32042 80613 254

4991,212

12 848701

636

6 295

16 32

5.4657 484

2636 632

515

2 1081 800

30836973

15.25

2,164239 214

90249, 445

254, 91170 370

162, 36322 178

14, 10027 669

3.07

57,68037 351

60, 85550, 220

6,5708,4218,791

76 24537, 371

6,6513,588

.1192.45

10 30710, 29120, 223

930

.125

41, 670

33, 36930, 75012 2378 812' 352415737

7 430

72938

2 619

73, 33572 68443 98413 285

5211 231

12 976687

651

7 455

16 26

5.5967. 135

2156 221

521

2 1541 758

39634564

15.25

2,144226, 231

87232, 197

265, 79674, 950

169, 24721, 599

9,01328 494

3.07

52, 93433 964

45, 99147, 202

6,4747,9408,205

78, 74337, 429

4,8953,288

.1192.35

8,5206, 747

21, 512579

.125

42, 580

32, 20880, 53412 3229 130

308386724

6 925

68554

1 674

76, 08275 32445 87713 903

5501 287

13 041666

758

7 005

15 94

5.6037.095

r 1816 451

592

2 2601 766

49437271

15.25

2,590230 696

90247, 760

275, 96376 502

177, 65321 808

3,70333 466

3.07

55, 44434 196

r 32, 883T 41, 902

6,3147,6488, 183

r gs 060r41 036

3,6992,903

. 1142.35

8 440r 4 327

r 25, 374373

.120

r 39, 270r 30, 770r 29, 268

12 2108 782r 257' 310

6466 392

614r 57

1 502

r 78, 271r 77, 369

47 59213 978

r 6341 306

13 132727

902

7 816

15 96

r 5. 601r 7. 166

1556,207

559

2 2961 743

553394

77

15.25

1,991213 202

88236 002

284, 31277 210

184 16822 934

1 74533 119

3 07

53 18033 033

31 97037 801

6,238

7 737

117 36445 572

2 3132 544

.1142.35

7 6173 826

28 872378

.120

34, 760

30, 82229 29212 4439 033

234307455

6 149

62150

1 530

75 04874 10647 50811 717

5171 342

12 357665

942

7 300

16 07

» 5 601v 7 283

1416 364

2 4231 781' 642

66

15.25

1 197

5, 510

7 976

2 6432 516

28

43, 120

15.25

T Revised. » Preliminary.cf Revisions for July 1955 through January 1956 for imports and exports and for 1954 and 1955 for other indicated items will be published later.JRevised (effective with the October 1955 SURVEY) to include bunker fuel.9 Includes nonmarketable catalyst coke.




1956


berDecem-

ber

1957

Janu-ary

Febru-ary March April May June July Auguj

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedLubricants:

Production thous of bbldomestic demand 9 doStocks, refinery, end of month . do _Exports doPrice, wholesale, bright stock (midcontinent, f. o. b.

Tulsa) dol. per galMotor fuel:

Gasoline (including aviation) :Production total 9 thous of bbl

Gasoline and naphtha from crude oil - doNatural-gas liquids:

Used at refineries (inch benzol) _ _ doUsed in other gasoline blends etc 9 do

Domestic demand 9 doStocks, end of month:

Finished gasoline doAt refineries do

Unfinished gasoline doNatural gasoline and allied products do

Exports (motor fuel gasoline jet fuel) doPrices, gasoline:

Wholesale, refinery (Oklahoma, group 3)dol. per gal

Wholesale regular grade (N Y ) doRetail, service stations, 54 cities do

Aviation gasoline:Production total thous of bbl

100-octane and above doStocks end of month total do

100-octane and above doJet fuel:*

Production doDomestic demand doStocks, end of month do .

Asphalt:OProduction doStocks refinery end of month do

Wax:OProduction doStocks refinery end of month do

Asphalt products, shipments:Asphalt roofing total thous. of squares

Roll roofing and cap sheet:Smooth surfaced doMineral surfaced do

Shingles all types doAsphalt sidings doSaturated felts short tons

4,7493,7179,6941,028

.220

123, 229109, 338

10, 8633,028

120, 708

164, 59086,11811, 94621, 595

2,400

.118

.125

.220

9,5357,290

12,0867,239

5, 6686, 4854.090

10, 0259,635

399566

5,641

9371, 1623,542

9984, 298

5,0053, 8559,5471,234

1.240

125, 142110, 474

11,1183,550

125, 847

161, 14284, 03611,79722, 307

1,999

,118.125.216

9,8377,784

11,9197,108

5,8905. 7654,574

10, 5717,680

466577

6,000

1,0781, 3733,549

11583, 247

4,7063, 4959, 6641,0351 .240

119, 721105, 676

11,3992,646

111, 574

167, 03286,31310. 94223, 653

2,510

.118

.125.217

9,3357, 263

11,6816,880

5, 8616,8494, 637

9, 8056,832

441608

5, 564

9941, 4163, 154

12277, 292

5,1124,1189,5361,030

1 .240

116, 953102, 079

13, 4551,419

119, 204

161, 30882, 99411,49024, 178

2,181

.115

.216

9,4137,630

11, 6257,010

5,6196, 7614,424

9, 5026,601

450605

5,987

1, 1021,4923,393

14583, 664

4 9703,506

10, 060925

1.240

117, 398102, 635

13, 1451,618

112, 113

163, 08685, 72011,72222, 934

2, 469

.115

.215

9,2187,269

11,7817,362

5, 3165,6864, 576

6,5727, 755

446611

3,898

729897

2,272121

68, 259

4 8703,491

10, 1821,197

1.240

125, 199109, 792

13, 7641,643

108, 096

174, 65496, 08112, 61720, 559

4,142

.115

.215

9, 5967, 340

12, 4357,439

6,0315, 3045, 322

4, 9059, 150

477658

2, 165

391498

1, 27566

50, 663

4 9603,774

10,412894

i .240

123, 678109, 412

12, 7021,564

109, 295

184, 942106, 956

12, 76017, 638

3,616

.115

.227

9,4137,788

12,8157, 696

6,2076, 5525, 185

3,91810, 381

460661

3,895

818872

2, 205103

78, 270

4,3343,382

10, 3081,004

1.255

108, 20595, 114

10, 9742,117

96, 694

192, 428113 35512, 84217, 661

2,957

.125

.225

8,2436,299

12,9187,438

5,8306, 7665,326

3, 90911,314

376632

4,142

916949

2,27791

79, 454

4 8583,374

10, 4281,303

1.255

118, 591103, 741

12, 2962,554

113, 166

193, 540109, 92213,17619, 063

3,505

.125

.220

9, 6117,999

12, 6157,582

6,8007,9414, 868

5,49612, 972

499670

3,342

624708

2, 009

67, 375

5,1243,653

10, 5871,248

1.255

113, 09898, 775

11, 8362,487

115, 820

188. 649104 63612, 75820, 742

2 114

.125

.222

8, 8246, 993

12, 3977,285

6,2036,4785,322

6 53814, 606

473707

4,449

761891

2, 79780

78, 501

5 1313,869

10, 7101,074

1.255

120, 892106, 630

12, 1582, 104

r 124, 325r 183, 064

99 86912, 03024 818

2 111

.125

.222

9 5737,289

13 0107,721

5,813r 6 120* 5, 656

8 30315, 160

468706

3,998

621866

2,51165

68, 191

4,2463,037

10, 5911,265

1.255

119, 521104, 930

11, 5063,085

121, 598

177, 99794, 59712. 06627, 259

2,488

.123

.222

9,4617,188

13, 0857, 873

4,4124,3336, 321

9,01214, 435

421728

4, 558

719963

2,87676

70, 228

981

1, 743

.223

5, 433

8621,1483, 423

8186, 656

.22?

PULP, PAPER, AND PRINTING

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts thous. of cords (128 cu. ft.)Consumption doStocks, end of month do

Waste paper:Receipts short tons

Stocks end of month . do

WOOD PULPProduction :d"

Total all grades thous of short tonsDissolving and special alpha doSulfate.. _ _ _ - - - do _Sulfite doGround wood doDefibrated or exploded. _ doSoda, semichem., screenings, damaged, etc do

Stocks, end of month :cfTotal, all mills. _ _ _ _ do

Pulp mills doPaper and board mills doISTonpaper mills do

Exports, all grades, total 9 doDissolving and special alpha. _ doAll other do

Imports, all grades, total 9 doDissolving and special alpha _ _doAll other.. _ __ _ -do

3,1612, 8264,894

650, 110617, 505514, 619

1 723 458.3

950. 2218.0244.794.7

157.5

849.0200. 354S 6100.0

39.318.221 2

212.213.8

198.4

3,6193,0985,418

756, 614770, 437498, 997

1, 908. 378.0

1, 056. 9223 9264.5106.6178.3

872.9200.5577.5102.1

50.217.432.8

211.312.0

199. 3

3, 1662,8155,767

691, 112691,688503,018

1,728 776.6

950. 7197.8243. 395.4

164.9

885.4196.4584 2104.9

37.512.525.0

183 711.0

172.7

3, 2993. 1365,929

788, 644772, 217514, 999

1 940 779.9

1,071.5238. 0262.8100.3188.2

909.0199 4603 4106.3

41.613.628.0

213.110.1

203.0

3, 0943,0016, 030

726, 934718, 12S523, 759

1, 856. 581.7

1, 032. 0215.9255.489.4

182.1

934.4219. 5610 6104.3

47 410.437 0

190 413. 3

177. 1

2,8402, 6386,229

652, 625637, 049541, 058

1, 672. 672.7

920. 0200.8231. 578.0

169.4

912.0189. 5617. 1105. 4

40.716.433.3

177. 111.0

160. 2

3, 2553,1376,409

699, 647720, 736519, 590

1, 904. 682.6

1.061.0226. 9262. 6

90. 1181.5

884.0208. 8575 3100.0

48.214.533.7

175 212.2

162. 9

3,1372,8276,719

678, 028680, 164517, 109

1, 709. 883.6

915.6207.5244.091.2

167.8

871.5206.6564 3100.6

37.917.220 7

183 19 9

173.2

3,1293,0806,766

720, 815731, 369506, 251

1, 893. 792.0

1, 037. 3220. 9267. 296.7

179.6

869.8206. 9561 1101.8

75 225.849 4

173 913.5

160. 4

2,7163 0256,449

724, 292725, 959504, 557

1 840 493.9

993. 1225.5263. 695.4

168.8

859.8209. 2544 0106.6

48 014. 133 9

168 611.8

156.8

2, 8263 0946, 155

734, 710496, 039

1 900 793.2

1, 052. 9211.0264.395.6

183.6

879.2218.2556 5104 5

57 123.933 3

176 51C.O

166.5

r 2, 884r 2 905r 6, 078

r689 816r481, 179

rl 776 182 7

r 981. 7r 201 2r 248 2

96.3«• 166. 0

r 862 5229 9

r 535 3105 0

59 723 036 7

163 311.5

151.8

3 0032 6416, 406

614 833502 934

1 597 374 7

868 2184 0229 488.3

152. 7

881 0214 3560 4106 3

5S 425 939 R

r Revised. f Preliminary. J Effective Augus t 1956, for "solvent refined" instrad of "conventional"; August 1956 price on former basis was unchanged from July 1956.9 Revisions for petroleum products (domestic demand, uasoline production, and natural ras liquids used in blends) for 1954, and 1955, and wood pulp (exports and imports) for Jannarv

1954-July 1955 will be published later. l " y

*New series. Prior to 1954, included with data for gasoline, kerosene, and distillate fuel oil; for January-July 1954 figures, see note "!" on p. S-35 of the September 1955 SURVEY and earlierissues.

.sphalt—5.5 bbl. = l short ton; wax—1 bhl. = 2801b.•om the United States Pulp Producers Association.


September 1957 SUEVEY OF CURRENT BUSINESS S-37

ilnless otherwise stated, statistics through 1954 anddescriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS

1956


berDecem-

ber

1957

Janu-ary


PULP, PAPER, AND PRINTING—Continued

PAPER AND PAPER PRODUCTS

Ml paper and board mills, production: tPaper and board total thous. of short tons_-

Piper doPaperboard _ __ do\Vet-machineboard - - doConstruction paper and board - do

Paper, excl. building paper, newsprint, and paperboard(American Paper and Pulp Association):

Orders new? - thous. of short tons..Orders unfilled end of month 9 doProduction - - do _Shipments 9 - - - --do_ _ .Stocks end of month 9 do

Fine paper:Orders new - - - - do_Orders unfilled end of month _ __ -.doProduction - doShipments - doStocks end of month _ _ d o

Printing paper:Orders new - - do_ _Orders unfilled end of month doProduction - _ doShipments -- - - --do _Stocks end of month - doPrice, wholesale, book paper, "A" grade, English

finish white f o b mill dol. per lOOlb.Coarse paper:

Orders new thous. of short tons..Orders unfilled end of month _ _ doProduction - doShipments doStocks end of month - - do

Newsprint:Canada (incl. Newfoundland):

Production - - - - - - - do _ _Shipments from mills - - doStocks at mills end of month - -do

United States:Consumption by publishers - -doProduction! -- - do.__Shipments from mills J - doStocks, end of month:

At mills - do ...At publishers -- doIn transit to publishers do —

Importsd" — do.Price, rolls, contract, delivered to principal ports

dol. per short ton_.Paperboard (National Paperboard Association):

Orders new§ thous. of short tons..Orders unfilled end of month - doProduction total§ do

Percen t of activity -Paper products: §

Shipping containers, corrugated and solid fiber,shipments mil. sq. ft. surface area..

Foldine paper boxes, index of value:New orders - 1947-49= 100. .Shipments do. _.

PRINTING

Book publication, total number of editions. _New books do -New editions do. __

r 2, 365r 1 064' 1, 042

10250

827.2914.9938.2794.1397.7

119.1143.8118. 5119.296.1

354. 1536. 4331.2330. 9159.4

15.38

300.4181.4295.0293. 588.3

532.5543.1122.2

388.8138.5137.3

7.7449.8102.5

480.5

130. 10

1,088.8464. 5

1, 003. 177

7,167

190.0171.3

1,053814239

2 7241,2051, 231

13273

863.8863. 9

1 ,060. 9914.5408.0

125.7134. 8136.7139.694.8

347.9502.3370.8369.8160.4

15.38

335. 7179.6344.3344.199.1

570.4559. 3133.3

402.5154.3153.5

8.5518.5114.0

485. 4

130. 10

1,189. 9418.0

1, 246. 195

8,962

202.5192.0

749569180

2,4661 1081,103

12243

805. 0850. 2977.0833.2410.8

116.4126.8130.8135. 596.3

333.8506.4341.3338.4163.3

15.38

301.6169.5307.0303.494.5

514.0528.7118.5

434.9140.6141.1

8.0513.0111.8

425. 2

130. 10

1. 089.9410.2

1, 083. 289

8,116

191.2181.3

988733255

2,7461 2271,248

13257

871. 1804.7

1, 082. 7912.1409.0

121.4104.3141.7137.196.4

357.0485.0375. 4378.1160.6

15.38

333.2168. 4333.2335. 292.5

582.1578.4122.2

476.9154.0153.4

8.7516.5114.8

507.0

130. 10

1,327. 4490. 5

1, 273. 096

9,229

232.8206.8

1,4171 166

251

2, 5911 1741,179

14223

815. 5738.2

1, 034. 6873.7429.8

120.299.3

134.3130.3100.4

322.8430.6364. 9364. 6160.8

15.38

319.1160.1330.6322.4100.8

559.5543.5138.2

467.7142.5142.4

8.8510 0112.3

487.3

130. 10

1,149. 4407 8

1, 184. 391

8,286

176.7193.3

1,3081 135

173

2, 3581 0911,071

12184

780.8696.1960.3823.2415.5

109.486.9

126.9124.9115.4

333.0406.5344.9343.6167.5

15. 38

290.5163.3298.4301.697.3

514.2552.4100.1

443.6139.2137.7

10.2523. 5112.2

464.2

130.10

1,148. 6419.4

1, 114. 382

7,253

194.3181.2

1 058856202

2.6721 2171,211

13231

873.7693.6

1,061.2885.3494.6

118.368.9

133 8135.9105.6

364.2422 2362. 0353. 1202.6

15.38

334.6156. 6344.1334. 5123 1

558. 6513.6145 0

407 6157.7158.9

8.9551 1113.1

447.4

130.10

1,153 2471 7

1, 125. 791

7,947

193. 3173.6

489367122

2,4321, 1041,090

12226

794.0669.1957.2798.1503.9

131. 779.6

125 0127.8133.4

308.6397 5323. 5321.0202.3

15.38

302.1148.2308. 0297.4107 8

518.9510 9153 1

387.2150. 7151 6

8.0591.7119.6

429.1

130. 10

1 088 6454 3

1, 094. 694

7,365

194.9171.9

1 065825240

2,6551, 1831,224

13235

905.7720.3

1,021.3859. 9519.9

133.178.7

139.6134.8133.4

388.8435 2349.8348.2220.7

15.38

322. 5157.4318. 5320. 3107.4

574.2526.5200 8

463 3164.4161 2

11.2580 2107.8

427.9

133. 30

1 208 4408 3

1, 221. 094

8,227

207 4186.6

1 104856248

2,6021 1691,180

13240

830.9706 9

r 1,008 6849.3518 2

134.070 1

135 1140 0136 7

336 9439 5341 7341.0216 1

15 38

302 3148 7

T 312. 0310 6108 7

554 8538 4217 3

442 3162 4162 6

11 0592 6100 9

459 4

134. 40

1 211 3493 7

1 189 892

7,987

212 9185 5

1 4631 176

287

2,6641 1721,237

12243

' 871. 4r 689 4

r 1,017.0r 867. 2r 548. 4

' 155. 4r 77.5

r 136 7r 150. 2r 139 3r 359 9* 426 1r 352 7r 351. 3r 248 6

15.88r 302. 0r 140 3r 315. 7r 310 2

106 0

573 0574 3216 0

466 0171 2172 5

9 6589 796 5

450 1

134. 40

1 228 3384 1

1 259 793

8,291

206 7187 0

1 010813197

'2,512T \ HO

T l' 147r 15241

804.0696 0978.0797.0595.0

125.077 0

124 0134.0132 0

333 0431 o363 0322.0290 0

15 88

292.0144 0290.0285 0117 0

532 0548 5199 6

433 9159 1156 8

11 9585 6101 8

411 5

134. 40

1 122 9370 7

1 142 591

7,739

190 5170 4

1 176915261

2, 2521 0011,010

10231

v 15 88

549 2578 8169 9

373 5144 4143 1

13 2653 4101 5

v 134.40

1 114 5506 5

1 000 877

7,550

192 7167 7

1 013794219

1 240 8418 3

1 287 994

9,028

203 0192 4

694538156

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption long tons..Stocks, end of month doImports, including latex and guayule doPrice, wholesale, smoked sheets (New York)

dol. per lb__Synthetic rubber:

Production long tons..Consumption _ _ _ _ d oStocks end of month doExports _ do

Reclaimed rubber:Production _ __ _ doConsumption doStocks, end of month do

38, 287103, 30141, 404

.335

88, 03158, 046

188, 81312, 197

19, 77618 06535, 703

46, 61499, 66840, 367

.365

86, 46872, 394

192, 48612,911

21, 59321 45835, 512

44, 09598, 06942, 999

.325

90, 60269, 076

200, 79312, 600

22 36820 20536, 527

52, 08294, 50852, 387

.321

88, 15881,866

197 7888,954

26 29323 90137, 904

42, 859106,31649, 757

.345

83, 51471, 397

199 3346,726

20 00920 7933G, 063

45, 130116, 46957, 653

. 365

93, 76472 260

202 59619.350

20 54820 69834, 969

52 631101, 75846, 349

.333

94, 27785 490

193 72417' 319

?5 05324 05334, 552

46 427100, 25337, 487

.306

83, 23577 260

184 80816 878

21 89699 77332! 010

48 26397, 82042, 160

.315

93,916«1 6-50

181 81318, 101

95 05194 03330, 975

45 368102, 79659 896

.321

82, 34076 355

173 61113 966

22 87823 14530, 258

46 51198, 71752, 566

.328

95, 01480 242

173 44116 009

24 85923 81629, 847

r 41 282' 90, 694

30 291

>• .333

84,413r 70 4%

r!73 17017 584

22 402r 9] 3^2

30, 379

39 68398,812

.329

80, 95169 977

} {) 4 54419 817

90 989

1 8 07229, 995

.324

r Revised. *> Preliminary.t Effective with the October 1955 SUEVEY, items have been revised as follows: Construction paper (formerly included in the total for paper) is now combined with construction board;

wet-machine board was formerly included with paperboard.9 Data exclude estimates for "tissue paper".{Revisions for January-December 1954 appear in the March 1956 SURVEY.cf Revisions are as follows (units as above): October 1954, 417.S; May 1955, 447.9; June 1955, 449>; October 1955: 453.7.§Revisions will be shown later as follows: January 1953-March 1956 for paperboard; January 1953-February 1956 for shipping containers; January 1955-March 1956 for folding paper boxes.


S-38 SUEVEY OF CUREENT BUSINESS September 195'


1956


berDecem-

ber

1957

Janu-ary


RUBBER AND RUBBER PRODUCTS— Continued

TIRES AND TUBES

Pneumatic casings id1

Production _ thousands--

Shipments total - -- _-do_ _.Original equipment doReplacement equipment - - doExport .-do

Stocks end of month doExports - - do

Inner tubes :d*Production - - doShipments do_ _

Stocks end of month - - doExports - - do

6,741

9,2982.8336, 319

145

17, 394137

2,3003,384

6,41884

8,050

8,6442,3026,178

163

16, 794207

2, 7953,295

5,96276

7,800

6,9521, 5535,238

162

17, 648161

2,7732,777

6,05696

8,799

7,7762,9084,703

165

18, 775169

3,0252,877

6,46973

7,641

7, 5183, 5163,881

121

18, 803148

2, 5852,792

6, 25053

8,556

7,5483, 5793,803

166

19, 872163

2,6702,837

6,10976

9,504

8,8743,4965, 195

183

20, 490144

3, 3643,829

5, 78932

9,169

8,5393,3615,051

127

21, 008144

3,3623,291

5,96078

9,766

9,1143,3815,579

154

21, 743171

3,8223,397

6,54076

8,950

9,3813,2465,989

146

21, 308202

3,4283,104

6,96990

9,490

9,1503,2305,787

134

21, 630152

3,5483,214

7,42280

8,489

'9,3102,993

r 6, 191127

20, 783120

3, 025r 3, 472

6,94675

8,443

9,8403,0686,646

126

19, 316120

2,9413,708

6,28763

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production - _ -_ _ thous. ofbbl _Percent of capacity

Shipments - - --- . thous. ofbblStocks, end of month:

Finished _ _ _ - doClinker - do

CLAY PRODUCTS

Brick, unglazed:Production thous. of standard brick. -Shipments -- _ _ _ _ _ _ _ _ d oPrice, wholesale, common, composite, f. o. b. plant

dol. per thous

Clay sewer pipe, vitrified:Production short tonsShipments do

Structural tile, unglazed:Production - doShipments do

GLASS PRODUCTS

Glass containers:Production - _ _ _ _ _ _ _ thous. of gross

Shipments, domestic total doGeneral-use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers, jelly

classes, and fruit jars) thous. of gross

Beverage doBeer bottles _ _ _ doLiquor and wine doMedicinal and toilet _ _ doChemical, household and industrial doDairv products _ _ _ _ _ _ _do~

Stocks, end of month., _ __ do _

GYPSUM AND PRODUCTS

Crude gypsum, quarterly total:Imports thous of short tonsProduction do

Calcined production quarterly total do

Gypsum products sold or used, quarterly total:Uncalcined uses short tons

Industrial uses doBuilding uses:

Plasters:Base-coat doAll other (incl. Keene's cement) _ _ _ do.

Lath mil. of sq ftWallboard doAll other 0 do

29, 498109

31, 598

20, 59811,059

648, 127618, 630

30. 946

168, 228178, 007

65,11356, 753

12, 158

11, 192

1,239

3,218

1,0011,171

9202,446

999198

16, 810

30, 055111

33, 607

17, 0689,264

685, 128641, 400

30. 668

190, 528187, 421

69, 26063, 405

13, 237

15, 859

2,227

5,109

6831, 2621, 3373,6021, 336

303

13, 940

28, 643109

30, 173

15, 5327,969

603, 572571, 237

30. 668

173, 770169,118

64, 59855, 507

9,878

10, 222

1,881

2,874

395604

1,1662,230

839233

13, 371

] ,2242,569

2,110

911,118

77, 685

433, 807381,095

601.61,068 1

55.8

29, 051107

31, 585

13, 0076,874

646, 609600, 790

30. 718

192, 139186, 756

64, 07960, 910

13, 377

14, 688

1,701

4,134

993847

1, 8683, 6571,182

306

11, 721

25, 86998

22, 906

15, 9737,476

586, 713516, 852

30. 718

180, 184143, 149

63,91752, 006

11, 895

10, 038

848

3,065

509528

1,5242,512

841211

13, 296

24, 42990

17, 990r 22, 440

9,443

491, 766397, 230

30. 863

163, 739109, 313

55, 49746, 069

10, 323

9,426

765

2,723

721667

1,0882, 459

802201

13, 897

1, 0132,307

1,861

926, 693

83,481

350, 230319, 816

530. 01.007.8

47.2

19, 32071

113 927

r 29, 82814, 337

437, 692314,030

30. 863

166, 580107,907

54, 44746, 451

11,657

10, 022

948

2,997

484577963

2,902967184

14, 976

17, 82766

15, 274

32, 38218, 625

400, 758370, 935

30. 814

148, 236111, 676

49, 96244, 170

11,057

9,710

892

2,843

515508

1,0612, 791

942158

16, 107

22, 64276

20, 757

34, 27721, 621

467, 798454, 575

30. 814

154, 151133, 298

57, 74751, 984

12, 617

11, 109

1,100

3,049

799889

1,1902,8991,024

159

17, 318

7641 987

1,783

663, 237

83 225

3?4 454295, 387

496.4998 744.0

23, 96783

23, 351

34, 89323, 620

534, 682523, 085

30. 814

153, 240139, 420

52, 25847, 677

11, 695

11,021

1,091

2,963

961911

1,0602, 8101,076

149

17, 793

27, 48592

29, 203

33, 17622, 539

564, 799585, 612

30. 814

162, 551152, 142

53, 68851, 580

12, 505

12, 611

1,182

3,435

1, 3511,3001,0642,8421,268

169

17, 439

26, 46291

29, 758r 29, 885r 20, 550

550, 581542, 009

' 30. 914

152, 065153, 575

55, 33454, 157

12, 747

12, 081

1,238

3,425

1,4031, 3331, 1572,470

880175

17, 860

1 161

20, 28768

25, 827

24, 34517, 674

p 30. 914

12, 565

12, 194

1,350

3,604

1, 1771,397

9052,619

963179

17, 955

r Revised. v Preliminary.cfData for 1954 for production, shipments, and stocks have been revised. Unpublished revisions (for January-May) are available upon request.O Comprises sheathing, formboard, tile, and laminated board.

NOTE FOR MANMADE FIBERS AND MANUFACTURES, p. S-39.—Fiber production (representing complete industry coverage) is according to data compiled by Textile Eco-nomics Bureau, Inc.; the total includes production of textile glass fiber, not shown separately. Noncellulosic fibers cover types other than textile glass; they include acrylic, nylon (polyamide),polyester, saran, protein, and others.

Data for imports, exports, and for production of broad woven fabrics (industry totals) are compiled by 17. *S. Department of Commerce, Bureau of the Census. Manmade fabric productioncomprises, in addition to items shown separately, broad woven fabrics of 100-percent glass, of saran monofilament, acrylic, and polyester fibers, and of paper, etc. Silk fabric production com-prises broad woven fabrics of 100-percent silk and of silk mixtures.

Statistics for 1955 are shown in the October 1956 SURVEY, p. S-38.




1956


berDecem-

ber

1957

Janu-ary


TEXTILE PRODUCTS

APPAREL

Hosiery, shipments - thous. of dozen pairs. _Men's apparel, cuttings:!

Tailored garments:Suits thous. of unitsOvercoats and topcoats do _Trousers (separate) , dress and sport do

Shirts (woven fabrics) , dress and sportthous. of doz

Work clothing:Dungarees and waistband overalls - - -do _Shirts do.-.

Women's, misses', juniors' outerwear, cuttings:Coats - _thous. of units_-Dresses - - do._Suits doWaists blouses, and shirts -. thous. of doz

COTTON

Cotton (exclusive of linters) :Production:

O innings § thous of running balesCrop estimate, equivalent 500-lb. bales

thous of balesConsumption^ _ _ _ - balesStocks in the United States, end of month,

totall _- thous. of bales. _Domestic cotton total do

On farms and in transit _ _ . _ doPublic storage and compresses doConsuming establishments. do_ _

Foreign cotton, total do -Exports 1 balesImportst doPrices (farm), American upland cents per l b _ _Prices, wholesale, middling, 1", average 14 mar-

ketsA cents per lb_Cotton linters:

Consumption _. thous. of bales. _Production - .. _ . . - doStocks end of month do

COTTON MANUFACTURES

Cotton cloth:Cotton broad woven goods over 12 Inches in width,

production Quarterly! mil of linear ydExports thous of sq ydImports | - . - . - do _Prices, wholesale:

Mill margins cents per lb._Denim white back, 28-inch, 8 oz/yd cents per ydPrint cloth 39-inch, 68 x 72 doSheetine, class B, 40-inch, 48 x 44-48 do

Cotton yarn, natural stock, on cones or tubes:Prices, wholesale, f. o. b. mill:

20/2 carded weaving _ __ dol. per Ib36/2 combed, knitting - - _ _ . do ..-

Spindle activity (cotton system spindles) :1Active spindles last working day, total thous

Consuming 100 percent cotton doSpindle hours operated, all fibers, total mil. of hr .

Average per working day doConsuming TOO percent cotton do

Operations as percent of capacity cf1

MANMADE FIBERS AND MANUFACTURES

Fiber production quarterly total* 9 mil of lbRavon and acetate' Filament varn do

Staple plus tow doNoncellulosic (nylon acrylic protein etc ) do

Exports: Yarns and monofilaments* ' thous oflbStaple, tow, and tops*- . do

Imports: Yarns and monofilaments* doStaple, tow, and tops* do

Rayon and acetate:Stocks, producers', end of month, total mil. of lb

Filament varn . _._ . doStaple (incl. tow) do

Prices, rayon, viscose:Yarn, filament, 150 denier dol perlbStaple 1.5 denier _ do

Manmade broad woven fabrics:Production quart erlv total* 9 thous of linear yd

Pa von and acetate (excl tire fabric) doNvlon and chief! v nvlon mixtures do

Exports piece goods* thous of sq yd

SILKImports, raw . _ thous. oflb..Price, raw, A A, 20-22 denier ~ dol. per IbProduction, fabric, atrly. total* ...-thous. of linear yd..

10,097

984308

3,792

1,280

208280

2,39816, 8281,1071,033

405

547, 480

i- 14, 529' 14, 490

791' 12, 823

>-87639

134, 6251,98732.4

35.3

13536

998

29, 18913, 615

28.9236.415.917.4

.686

.958

20, 55719, 019

7. 716380

7, 131110.1

1. 4561,483

906,636

123.367.555.8

.863

.316

12, 633

8744.49

13,012

1,860540

4,992

1,852

292388

2,94820, 807

1, 1501,318

1,510

686, 275

26, 25626, 22213, 14612, 303

77334

423, 2973,55531.1

33.0

15553

855

37, 62513, 884

30.1836.415.817.0

.684

.958

20, 46518, 9129,544

4778,849137.4

1, 6141,969

755, 937

120.867.053.8

.863

.316

15, 522

1,1884.44

12,494

i 1, 935i 550

1 5, 040

i 1, 905

i 240i 345

2.52717, 044

813983

5,524

1 822, 180

24, 98324, 9549,804

14, 272878

29505,019

22, 27832.5

33.1

130157872

2,35739, 91210, 552

29.6836.415.716.8

.680

.953

20, 30818, 780

i 11,436457

i 10, 678i 131.8

384.6166.287.5

106.31,5661,710

1016,269

115. 863.752.1

.863

.316

491, 489353, 88261, 23715, 385

7784.41

8,490

14,194

1,816444

4,800

1,948

244364

2,99821, 543

9131,366

9,718

732, 319

23, 60223, 5696,269

16, 1691,131

33596, 685

1,51431.9

33.2

155216935

45, 77811, 903

30.7536.416.317.3

.691

.971

20, 34318, 8399,847

4929,162

1,5992,602

1966,826

109.261.148.1

.863

.316

16, 136

1,1804.57

14, 006

i 2, 090*350

1 4, 5001 1, 950

1 200*305

2,23620, 1471,1011,108

12, 380

1 880, 549

22, 22422, 1933, 845

16, 9351, 413

31537, 181

84431.9

33.2

129202969

43, 80010, 404

30.3736.416.117.3

.691

.971

20, 28918, 786

i 11, 952478

1 11,145

1,2641, 360

1035, 745

106.362.244.1

.863

.316

13, 404

1,1934.53

10,816

1 688260

4 224

1 600

168228

1,63117, 306

917846

2 12, 815

631, 507

20, 90920, 8782,890

16, 4421,547

30939, 080

10, 34131.0

33.2

127171979

2 53847, 28911, 227

29.8036.415.917.3

.687

.963

20 23718, 7868,681

4348,062

423. 4183. 9102.7109. 71, 9933,054

12210,289

107.562.245.3

.880

. 316

555 919380, 42873 99917, 478

9544.54

8,553

12, 126

2 068248

5,520

2,020

248288

2,31721, 2771 3471,194

3 13, 088

1 840, 567

18, 76818, 7341,911

15, 2041,619

35790, 636

13, 28530.2

33.4

128187991

46, 05811, 430

29.1936.415.917.0

.684

.959

20, 23118, 725

1 11, 599464

1 10,790

1,4733,450

869,485

104.658.246.4

.910

.316

13, 836

1,1234.53

11, 628

1,820244

5,136

1,884

256308

2,39121, 7091,4111,246

684, 366

17, 39017, 3451, 638

14, 0311,676

45807, 868

7,10130.2

33.8

113152

1,000

43, 19611, 925

28.3136.415.917.0

.676

.951

20, 16118, 6399,411

4718,749

2,0211,871

1259,203

105. 659.246.4

.910

.316

11,896

7744.57

12, 394

1,888308

5,472

1,792

252304

3,17426, 424

1, 2571,338

413,151

*13 310690, 627

15,91115, 8671,157

13, 0801, 630

44786, 740

9,85129.8

33.8

118124985

p 2, 50658, 52311, 972

28.0136.416.016.8

.669

.920

19, 98518, 4579,400

4708,731

443.2195.0103. 7121.13,0743,403

2058,454

111.362.648.7

.910

.291

559 786363, 44385 63119, 156

7814.55

9,116

11, 099

i 2, 0451365

i 5, 6401 1, 735

i 2651325

1,43127, 189

6761,154

1807, 979

14, 49114, 4481,080

11, 8771,490

43602, 989

3,41230.6

33.9

10485

967

46, 60611, 798

27.6536.416.016.5

.662

.918

19, 92918, 365

i 11, 281451

i 10, 461

2,6563,057

1097,402

116.764.352.4

.910

.291

15, 250

5244.64

11, 103

1,820416

5, 520

1,576

252304

1,20427, 884

4541,208

672, 756

13, 24013, 200

99210, 8291,379

39659, 857

5,34931.5

33.9

10570

924

47, 78011, 329

27.0336.415.916.3

.662

.914

19, 78118, 2469,223

4618,533

2,4112, 568

2016,789

122.767.255.5

.910

.291

15, 307

5134.60

11,316

1,604384

5,328

1,524

220288

f 1, 90819, 816

r 680r 1, 151

649, 700

12, 10812, 074

79810, 0491,227

34525, 108

3, 60731.9

34.0

9244

842

47, 99010, 369

26. 8136.415.816.0

'. 666.918

19, 74018, 1749,088

4548,396

436 2181 698 3

126 31,8111,984

1705, 851

125.669.755.9

.910

.291

14, 515

5534.52

11 100

i 1 230i 285

i 4 500

i 1 2701 2001265

2, 45818 109

9261, 134

232

1 637, 345

9,4031,128

35

32.3

34.0

7935

798

39, 188

26.75p 36. 4P 15 7v 16.0

p. 663p. 918

19 75418, 067i 9, 361

374i 8, 481

8 55 56 32 8

1,6922,400

124.469.754.7

p 910p . 291

10, 671

P 4 48

973

5 12 713

32.8

33.6

27.49

r Revised. p Preliminary.5 September 1 crop estimate.

1 Data cover a 5-week period.6 Data for month shown.

2 Ginnings to December 13. 3 Ginnings to January 16. * Total ginnings of 1956 crop.

Data for September and November 1956 and January, April, and July 1957 cover 5-week periods (except data for men's apparel cuttings for January 1957 which cover 4 weeks) arid for othermonths, 4 weeks; cotton stocks and number of active spindles are for end of period covered. §Total ginnings to end of month indicated, except as noted. ^Scattered revisions for 1954-1955 will be shown later.

AEfTective August 1, 1956, middling I" became the base quality for spot cotton quotations, replacing middling 15A&". Comparable prices for 1", back to August 1951, are available uponrequest.

o"The operation rate is calculated on a 5-day, 80-hour week without any adjustment for holidays. Current data are withheld pending a revision of the series.*New series. See descriptive note at bottom of p. S-38 for sources; data for 1955 are shown in the October 1956 SURVEY, p. S-38. 9 Includes data not shown separately.


S-40 SURVEY OF CURRENT BUSINESS September 195'


1956


berDecem-

ber

1957

Janu-ary

Febru-ary March April 1 May

iJune July August

TEXTILE PRODUCTS—Continued

WOOL AND MANUFACTURES

Wool consumption, mill (clean basis):!Apparel class thous. of IbCarpet class do

Wool imports clean content doApparel class (dutiable) clean content do

Wool prices, wholesale, raw, clean basis, Boston:Territory 64s 70s 80s dol per IbBright fleece 56s-58s doAustralian, 64s, 70s, good topmaking, in bond__do

Knitting yarn, worsted, 2/20s-60s/56s, Bradford system,wholesale price _ dol. per lb_

Woolen and worsted woven poods, except woven felts:Production Quarterly tot&.I thous of lin yd

Oth r than Co prnmpnt orders total doTVT ' rl h ' ' ' do"Women's and children's do

Nonapparel fabrics total doPrices, wholesale, suiting, f. o. b. mill:

Flannel men's and boys' _ 1947-49= 100__Gabardine women's and children's do

20, 8487,147

18, 8938,131

1.3121.0451.412

1.869

112.997.3

23, 85812,17819, 6888, 034

1.3411.0451.425

1.880

112.997.3

i 25, 549i 13, 426

15, 2095,360

1.3811.0691.425

1.891

* 79, 97577 39376 77037, 75339,0170 2, 582

112.997.3

23, 67712, 82519, 0345,657

1.4751.1311.425

1.963

112.997.3

i 24, 968i 11, 547

14,4175,324

1.5251.1681.450

1.997

114.097.3

20, 69610, 72814, 5926,817

1.6251. 1951.525

2.045

76, 38373, 37571 93536, 4P735, 4383,008

114.097.3

1 26, 5311 14, 86324, 28510, 506

1.6251.1951.525

2.117

115.497.3

22, 27613, 37621, 6179,746

1.6251.1881.575

2.117

115.697.3

21, 48212, 65422, 5449,114

1.6221.1701.575

2.092

77, 30173, 34572, 04737, 19334, 8543,956

115.697.3

1 25, 159i 14, 359

18, 7308,308

1.6451.1811.575

2.069

117.297.3

21,3219,552

15, 0947,576

1.6751.2701.595

2.166

117.297.3

r 21, 558r 8, 27414, 4806,788

1.6751.2711.625

2. 166

81, 24977, 84777, 07935, 45541, 6243,402

118.097.3

1 21, 2811 8, 508

1. 6751.2721.625

p 2. 166

118.097.3

1.6751 . 2S51.625

TRANSPORTATION EQUIPMENT

AIRCRAFT

Civil aircraft (complete), shipments numberAirframe weight thous of Ib

Exports cf number

MOTOR VEHICLES

T actor v sales, total numberCoaches, total do

Domestic doPassenger cars, total do

Domestic doTrucks, total _ do

Domestic do

Exports total© doPassenger cars doTrucks and buses© do

Truck trailers production, total doComplete trailers do

Vans doTrailer chassis.. do

Registrations:New passenger cars doNew commercial cars do

RAILWAY EQUIPMENT

American Railway Car Institute:Freight cars:

Shipments, total numberEquipment manufacturers, total do

Domestic doRailroad shops, domestic do

Passenger cars, equipment manufacturers:Orders unfilled, end of month, total do

Domestic doShipments, total do

Domestic- _ do

Association of American Railroads:Freight cars (class I), end of month: §

Number ownedO thousandsUndergoing or awaiting classified repairs do

Percent of total owned . _Orders, unfilledO number

Equipment manufacturers doRailroad shops do

Locomotives (class I), end of month: OSteam, undergoing or awaiting classified repairs

numberPercent of total on line

Diesel-electric and electric: Orders, unfillednumber of power units

Exports of locomotives, total number

5071, 162 3

130

522,018307220

440, 980429, 81380, 73163, 044

r 25, 9159,339

r 16, 576

5,1884,9272,793

261

534, 99778, 404

5,3703,1433, 1172,227

7297152922

1,70477

4.5109, 05147, 95561,096

74016 5

849

73

6811, 600. 7

148

503, 276429397

417, 020410, 16485, 82768, 809

r 26, 1567, 078

' 19, 078

6, 0005, 6513, 253

349

568, 32079, 831

5, 5252, 9442, 7832, 581

6816724843

1,70474

4.4106, 73946, 24660, 493

72116.6

739

57

6131 389 2

143

275, 555368364

203, 888202,15971,29956, 852

r 20, 5814,583

' 15, 998

4,8234,4622,455

361

421,02172, 420

3,4581,8351,8211, 623

7157004642

1,70470

4.1109, 07949, 87559, 204

73717.3

737

52

5081 583 6

185

445, 122298291

352,140341, 779

92, 68477, 533

r 19 0005 630

r 13, 370

5 4485 0932,918

355

424 41476 052

5,6663,7283,7281,938

706684

2625

1,70368

4.0111,29852, 47058, 828

52913.6

728

63

4721, 550. 7

138

667,187233186

576, 708556, 93190, 24674, 870

r 23, 42613, 139

r 10, 287

4, 7584, 5672, 524

191

403, 94866, 983

6,7404,3674,3222,373

791679

55

1,70568

4.0108, 32749, 22759, 100

58615.3

743

97

5631,413 7

137

700, 740228103

617, 599598, 39482,91366, 123

r 43, 612' 21, 739'21,873

4,1533,9822,078

171

514,06165, 698

7, 2604,2724,2722,988

842724

95

1,70868

4.0103, 53546 98256, 553

55315. 1

814

101

5841,574 9

112

719, 431269257

628. 045610,67891,11773, 208

30, 25814,75115, 507

5 0324, 7S32, 625

249

437, 32056, 979

8,4034, 6864, 6863,717

840728

93

1,71271

4.1101,61145 03556, 576

51414 6

787

69

5231, 554. 0

146

662, 028238234

570, 023556, 93091, 76773, 693

23, 53410, 63812, 896

5,0904, 8322,654

258

438, 72562, 129

8,1844, 5764, 5763,608

8327322311

1,71672

4 2100, 33942, 92157, 418

59517.3

867

49

6651,615.6

183

677, 778341307

585, 734569, 24291, 70373, 523

43, 72418, 67325, 051

5, 5555,2632,608

292

572, 91774, 668

9,7725,6115,6114,161

836739

63

1,72070

4.196, 58938, 90157, 688

56216 6

747

79

6421, 871.6

207

647,414506410

541,733526, 310105,17584, 410

34, 72914, 02920, 700

5.5365,2782,580

258

548, 60975, 438

8,9615, 1985,1983,763

825732117

1,72475

4.492, 06737, 69154, 376

58017 5

693

64

6622, 548. 0

220

639, 886462309

537, 112522, 759102, 31282, 930

34, 95614,63520, 321

5,5745,3162,665

258

556, 32482, 308

8,9025,2025,1243,700

789727416

1,72778

4.587, 40037, 42749, 973

59618 2

582

37

5802, 104. 0

203

591, 039389332

496, 329484, 840

94, 32176, 859

28, 30610, 90117, 405

5,1104,6032, 364

507

517, 04371, 335

8, 5684,8204, 6293,748

7387226517

1,73078

4.581, 75834, 84146, 917

58018 3

462

62

5152, 086. 0

162

r 579, 951'309

302'484, 718

474, 635r 94, 924

76, 856

24, 2219, 562

14, 659

543, 26479, 117

7,8724,8114, 6643,061

7217172715

1,73185

4 978 02233 53844, 484

55018 1

395

54

"2612,700p 2 264

p2525,000

"2 87, 400

8,8874,7164,5874, 171

6786774340

r Revised. P Preliminary. ! Data cover a 5-week period. 2 Preliminary estimate of production. ° Revisions for 2d quarter 1956 (thous. yds.): Total, 87,819; nonapparel, 2,672.1 Data for September and November 1956 and January, April, and July 1957 cover 5-week periods; other months cover 4 weeks. Revisions for 1955 will be shown later.cf'Exports revised beginning January 1954 to include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total.©Data for July-December 1956 are revised to exclude exports of "used" special-purpose vehicles; such types are included in data published previously for January-June 1956. Revisions

(number).-Total—October 1954,22,216; 1955—January,38,743;September,23,190; October,23,397; December, 38,728; tracks, etc., October 1954, 15,859; 1955—January, 17,073; September, 13,421;October, 14,542; December, 16,043.

§ Excludes railroad-owned private refrigerator cars. ©Data beginning December 1955 reflect roclassification of reporting roads to revised ICC list of class I line-haul railroads; compara-bility with earlier data, based on ownership, is affected by less than 1 percent.

NOTE: Beginning with the October 19£6 STEVEY, figures for shipments of industrial trucks and tractors will be found on p. S-34 in the Machinery and Apparatus Section.

U . S . G O V E R N M E N T P R I N T I N G O F F I C E : 1957


•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40-Pages marked S

Acids 24Advertising 8, 9Agricultural employment 11Agricultural loans and foreign trade 16,17, 21, 22Aircraft and parts 2,12,13,14,15,40Airline operations 23Alcohol, denatured and ethyl 24Alcoholic beverages 2,6,8,27Aluminum 33Animal fats, greases, and oils 25Anthracite 11,13,14,15,34Apparel 2,3,6,8,9,10,12,13,14,15,39Asphalt and asphalt products 36Automobiles 2,3,8, 9,12,13,14,15,16,17, 22,40

Bakery products 2,12,13,14,15Balance of payments 21Banking 14,16Barley 28Barrels and drums 32Battery shipments 34Beef and veal 29Beverages 2,6,8,12,13,14,15,27Bituminous coal 11,13,14,15,35Blast furnaces, steel works, etc 12,14,15Blowers and fans 34Bonds, issues, prices, sales, yields 17,19,20Book publication 37Brass and bronze 33Brick 38Brokers' loans and balances 16,19Building and construction materials 8,9,10Building costs 8Business incorporations, new 5Business sales and inventories 3Butter 27

Cans (metal), closures, crowns 32Carloadings 23Cattle and calves 29Cement and concrete products 6,38Cereals and bakery products 6,12,13,14,15Chain-store sales (11 stores and over only) 10Cheese 27Chemicals 2,3, 4, 6,12,13,14,15,19, 22, 24Cigarettes and cigars . 6,30Civilian employees, Federal 12Clay products (see also Stone, clay, etc.) 6,38Coal 3,6,11,13,14,15,22,23,34,35Cocoa 22,29Coffee 22,30Coke 23,35Commercial and industrial failures 5Communications 11,13,14,15,19, 20, 24Confectionery, sales 29Construction:

Contracts awarded 7Costs 8Dwelling units 7Employment, earnings, hours, wage rates. _ 11,

13,14,15Highways and roads 7, 8,15New construction, dollar value 1,7

Consumer credit 16,17Consumer durables output, index 3Consumer expenditures 1,9Consumer price index 6Copper 22,33Copra and coconut oil 25Corn 28Cost-of-living (see Consumer pnce index) _ 6Cotton, raw and manufactures 2 ,5 ,6 ,22,39Cottonseed, cake and meal, oil 25Credit, short- and intermediate-term 16,17Crops 2,5,26,28,30,39Crude oil and natural gas 3,11,13,14,15Currency in circulation 18Dairy products 2, 5, 6,12,13,14,15, 27Debits, bank 16Debt, United States Government 17Department stores 9,10,11,17Deposits, bank 16,18Disputes, industrial 13Distilled spirits 27Dividend payments, rates, and yields 1,19, 20Drug-store sales 9,10Dwelling units, new 7Earnings, weekly and hourly 14,15Eating and drinking places 9,10Eggs and poultry 2 ,5 ,29Electric power 6, 26Electrical machinery and equipment 2,

3,6,12,13,14,15,19,22,34Employment estimates and indexes 11,12Employment Service activities 13Engineering construction 7,8Expenditures, United States Government 17Explosives 25Exports (see also individual commodities) 21, 22Express operations 23Failures, industrial and commercial... 5Farm income, marketings, and prices 1,2,5,6Farm wages 15Fats and oils, greases 6,25 26Federal business-type activities 17Federal Government finance 17Federal Reserve banks, condition of 16Federal Reserve reporting member banks 16Fertilizers 6,25Fire losses 8Fish oils and fish 25,30Flaxseed___ 26Flooring 31Flour, wheat ?9Food products 2,3,4 5,

6,8, 9.10,12,13,14 15,18, 22, 27, 28, 29 ,30

Pages marked SForeclosures, real estate 8Foreign trade indexes, shipping weight, value

by regions, countries, economic classes, andcommodity groups 21, 22

Foundry equipment 34Freight carloadings 23Freight cars (equipment) 40Freight-car surplus and shortage 23Fruits and vegetables 5,6, 22,28Fuel oil _ __ _ 35Fuels _ _ _ _ 6,34,35Furnaces 34Furniture 2,3,6,9,10,12,14,15,17Furs 22Gas, prices, customers, sales, revenues 6, 27Gasoline 9,36Glass products 38Generators and motors 34Glycerin 24Gold 18Grains and products 5 ,6 ,22, 23,28,29Grocery stores 9,10Gross national product 1Gross private domestic investment 1Gypsum and products 6,38Hardware stores 9Heating apparatus 6,34Hides and skins 6, 22,30Highways and roads 7,8,15Hogs 29Home Loan banks, loans outstanding 8Home mortgages 8Hosiery 39Hotels 11,13,14,15,24Hours of work per week 12,13Housefurnishings 6, 8, 9,10Household appliances and radios 3,6,9,34Imports (see also individual commodities) 21, 22Income, personal 1Income and employment tax receipts 17Industrial production indexes 2,3Installment credit 16,17Installment sales, department stores 10Instruments and related products__2,3,12,13,14,15Insulating materials 34Insurance, life 18Interest and money rates 16International transactions of the U. S 21, 22Inventories, manufacturers' and trade 3, 4,10,11Iron and steel, crude and manufactures 2,

6,8,12,14,15,19.22,32,33

Kerosene 35Labor disputes, turnover 13Labor force 11Lamb and mutton 29Lard 29Lead 33Leather and products 2,

3,6,12,13,14,15,30,31Linseed oil 26Livestock 2 ,5 ,6 ,23,29Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 8,16,17,19Locomotives 40Lubricants 36Lumber and products 2,

3,4,6,8,9,10,12,14,15,18,31,32Machine activity, cotton 39Machine tools 34Machinery 2,3,4,5,6,12,14,15,19,22,34Magazine advertising 8Mail-order houses, sales 11Manmade fibers and manufactures 6,39Manufacturers' sales, inventories, orders 3, 4, 5Manufacturing production indexes 2,3Manufacturing production workers, employ-

ment, payrolls, hours, wages 11,12,13,14,15Margarine 26Meats and meat packing 2,5,6,12,13,14,15,29Medical and personal care 6Metals 2,3,4,5,6,11,12,13,14,15,19,32,33Methanol 24Milk 27Minerals and mining 2,3,11,13,14, 15,19, 20Monetary statistics 18Money supply 18Mortgage loans 8,16,18Motor carriers 23Motor fuel 36Motor vehicles 6,9,19,40Motors, electrical 34National income and product 1National parks, visitors 24National security 1,17Newspaper advertising 8, 9Newsprint 22,37New York Stock Exchange, selected data 19, 20Nonferrous metals 2,6,12,14,15,19, 22,33Noninstallment credit 17Oats 28Oil burners 34Oils and fats, greases 6, 25, 26Orders, new and unfilled, manufacturers' 5Ordnance 11,12,14,15Paint and paint materials 6, 26Panama Canal traffic 23Paper and products and pulp 2,

3,4,6,12,13,14,15,18,36,37Passports issued „ 24Payrolls, indexes 12Personal consumption expenditures 1,9Personal income 1Personal saving and disposable income 1

Pages marked SPetroleum and products 2,

3,6,12,13,14,15,19, 22,35,36Pigiron 32Plant and equipment expenditures 2,19Plastics and resin materials 26Plywood 32Population 11Pork 29Postal savings 16Poultry and eggs 2,5,29Prices (see also individual commodities):

Consumer price index 6Received and paid by farmers 5Retail price indexes 6Wholesale price indexes 6

Printing and publishing 2,3,12,13,14,15,37Profits, corporation 1,18,19Public utilities __ _ 2,

6,7,11,13,14,15,18,19,20,26,27Pullman Company 24Pulp and pulpwood... 36Pumps 34Purchasing power of the dollar 7

Radiators and convectors 34Radio and television 3,6,8,34Railroads 2,11,12,13,14,15,19,20,23,40Railways (local) and bus lines 11,13,14,15, 23Rayon and acetate 39Real estate 8,16Receipts, United States Government 17Recreation 6Refrigeration appliances, output 34Rents (housing) <$,9Retail trade, all retail stores, chain stores (11

stores and over only), general merchandise,department stores 3,5,9,10,11,13,14,15,17

Rice 28Roofing and siding, asphalt 36Rubber (natural, synthetic, and reclaimed),

tires and tubes 6,22,37,38Rubber products industry, production index,

sales, inventories, prices, employment, pay-rolls, hours, earnings 2,3,4,6,12,13,14,15

Rye 28

Saving, personal 1Savings deposits 16Securities issued _ 19Services 1,9,11,13,14,15Sewer pipe, clay 38Sheep and lambs _ _ _ _ 29Ship and boat building 12,13,14,15Shoes and other footwear__ 6,9,10,12,13,14,15,31Shortening 26Silk, imports, prices, production 6,39Silver 18Soybeans and soybean oil 26Spindle activity, cotton 39Steel ingots and steel manufactures (see also

Iron arid steel) 2,32,33Steel scrap 32Stocks, department stores 11Stocks, dividends, prices, sales, yields, listings- 20Stone, and earth minerals 3Stone, clay, and glass products 2,

3,4,12,14,15,19,38Stoves 34Sugar 22,30Sulfur 25Sulfuric acid 24Superphosphate 25

Tea 30Telephone, telegraph, cable, and radio-tele-

graph carriers 11,13,14,15,20,24Television and radio 3,6,8,34Textiles _ _ _ _ _ _ _ 2 ,

3,4,6,12,13,14,15,18,22,39,40Tile 38Tin 22,33Tires and inner tubes 6,9,10,12,13,14,15,38Tobacco and manufactures 2,

3,4,5,6,8,12,13,14,15,22,30Tools, machine 34Tractors 22,34Trade, retail and wholesale. _ 3,

5,9,10,11,13,14,15,17^20Transit lines, local 23Transportation and transportation equipment. 2,

3,4,5,6,9,11,12,13,14,15,19,23,24,40Travel 24Truck trailers 40Trucks IIIIIIIIIIII _ 11*2,34,40

Unemployment and compensation 11,13United States Government bonds__ 16,17,18,19, 20United States Government finance 17Utilities 2, 6, 7,11,13,14,15,19, 20, 26, 27

Vacuum cleaners 34Variety stores 9,10Vegetable oils 25,26Vegetables and fruits 5,6,22,28Vessels cleared in foreign trade 23Veterans' benefits 13,17

Wages and salaries 1,14,15Washers 34Water heaters 34Wax 36Wheat and wheat flour 28,29Wholesale price indexes 6Wholesale trade 3, 5,11,13,14,15Wood pulp 36Wool and wool manufactures 2,5,6,22,40

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