SCB_011958

JANUARY 1958

U. S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

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

SURVEY OF CURRENT BUSINESS

No. 1

JANUARY 1958

PAGE

THE BUSINESS SITUATION ....... ............ 1National Income and Corporate Profits in 1957 . 3

Growth in Operating Business Concerns in.First Half of 1957, . ........ ................ 6

* * *SPECIAL ARTICLE

Foreign Trade and Domestic Business* *, . . . . . 7

Exports Mirror Business Trends Abroad . . 8

Exports Aid Output in Key Industries « . . . 12

Imports at Record With Moderate 1957Gain , , . * , ..... . . . . .* . . . . . . . . • .* ....... 14

* * *

MONTHLY BUSINESS STATISTICS. . . . . . S-l to S-40Statistical Index. ......... ...... Inside back cover

Published monthly by the U. S. Department of Commerce, SINCLAIR WEEKS,Secretary. Office of Business Economics, M. J O S E P H ME EH A N ,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.

DEPARTMENT OF COMMERCE

FIELD SERVICE

Albuquerque, N. Mex.321 Post Office Bldg.

Atlanta 23, Ga.66 Luckie St. NW.

Boston 9, Mass.U. S. Post Office andCourthouse Bldg.

Buffalo 3, N. Y.117EllicottSt.

Charleston 4, S. C.Area 2,Sergeant Jasper Bldg.

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Chicago 6, 111.226 W. Jackson Blvd.

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Savannah, Ga.125-29 Bull St.

Seattle 4, Wash.909 First Ave.

For local telephone listing, consult sectiondevoted to (/. S. Government


January 1958

By the Office of Business Economics

A HE DECLINE in business activity which began early lastfall continued through December. At year-end, the economywas operating at a high rate as evidenced by the flow ofpersonal income, but the easing tendencies rather generallyapparent were more than offsetting the continued advancesbeing staged by some segments.

Holiday buying at retail stores was reasonably good,especially for general merchandise and apparel. Dollar salesof retail stores in the last 3 months of 1957 were off 2 percentfrom the third quarter on a seasonally adjusted basis, butthe 3-percent dollar rise over the fourth quarter of 1956indicated a volume about on a par with that of a yearearlier. The recent slide-off in consumer buying occurred inboth durable and nondurable goods, with outlays for servicesincreased.

Personal income in December, at a seasonally adjustedannual rate of $343 billion, was $4 billion below the August-September high but $8 billion, or 2% percent, above a yearago. The December flow of individual incomes was $2^billion less than the previous month's rate. Althoughpayrolls and other earnings accounted for part of the decline,the bulk of it was in dividends and reflected a less-than-usualvolume of year-end extra and special payments. Suchpayments have tended to vary considerably from year toyear, and thus cause sizable fluctuations in the Decemberfigures.

The 1957 calendar-year total of personal income was thesame as the December rate, $343 billion. This was a newannual record—$16 billion, or 5 percent, above 1956. Withconsumer prices up 3% percent, real incomes in 1957 wen>also higher than in the preceding year.

B U S I N E S S T R E N D S00}! ors*

375 f~

550

lilfiofl 8slfi<mrsons 0o I tars'

PERSONAL INCOME"( l e f t s c a l e )

300

EMPLOYEES IN NONAGRiCULTURALESTABLISHMENTS

(right s c a l e )

\

'J; \~;''f[- \^—J--' i i. ,1 i i—i i i I i i ) I...L.I i, i i^K^Vi^'-ro?*5* - |95? * '

48-

44-

NEW CONSTRUCTION( l e f t s c a l e )

/

i 947-49=100 Dollar?

£20 H

20O

1947-49*

INDUSTRIAL PRODUCTION( r ight s c a l e )

130

195?

$ E A S .Q.N ' -A L L'^Y A D J U S T E D

ISO- RETAIL STORES SALES*

150

\

CONSUMER PRICE INDEX,UNADJUSTED

( r i c h f s c o ; e !

1956

S30

120

HO

J IOO195?

Data: BLSt 8DSA, FftSBur, of Censu$> & Q8£

4501)46°—H 8 1Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SURVEY OF CURRENT HUSIXESS January 19-r

Changed pattern of Government purchasingTwo major elements of continuing support to general

business activity are construction activity and State andlocal government purchases. Federal outlays drifted lowerin each of the third and fourth quarters of the year, butthese were offset by rising State and local expenditures.In last October's SURVEY, it was pointed out that the Federalbudget, based upon the most recent review at that time,implied some moderate cutbacks in Federal spending duringthe first half of 1958.

The January budget picture as detailed in the President'smessage modifies this prospect. Proposals for the remainderof this fiscal year and for the 1.2 months ended in June 1959as projected in the budget imply a sustained rate of Federalspending for goods and services in the first part of this yearand some expansion in the fiscal year 1959. Combined withthe increases in State and local expenditures, total Govern-ment outlays presently would appear to be a force supportingbusiness markets in the near term.

Construction and equipment

Private construction activity remained firm throughoutthe greater part of 1957 and a modest expansion occurredin the final quarter of the year. Both residential and non-residential construction outlays at year-end were as high orhigher than at the start of the year.

Several influences were brought into play in the closingmonths of the year which may serve to stimulate the housing-market. The change in Federal Keserve policy from creditrestraint to active ease, coupled with somewhat loweredbusiness demands for bank credit, has resulted in loweredcosts of borrowed funds. To the extent that housing mayhave been restricted by the limited availability of funds,this easing of credit would tend to serve as a bolsteringinfluence. At the same time the Federal Housing Admin-istration has taken some additional steps to lower initialcash requirements on mortgages insured by that agency.

Actual outlays by business for capital expansion held at ahigh rate through the end of last year, but are scheduled todecline in early 1958—a prospect which has been a factor inthe recent reduction in demand experienced by the durable-goods industries. As reported in last month's SURVEY,fixed investment programs are being reduced after anextended advance which carried investment to a record higliin 1957.

Inventory liquidationThe recent tendency toward inventory curtailment by

manufacturers, representing a shift from the moderateaccumulation in preceding months, has involved a consider-able rearrangement in production requirements. The impactof changing inventory demands has been of varying intensityon an industry-by-industry basis; this accounts for the f act-that in some industries, such as steel, production cutbackshave been very substantial, while in other cases, such asconsumer soft goods, production has been fairly well main-tained.

The peak in value of manufacturers' stocks was reachedlast August, arid these have been trimmed down since. In-ventories in trade channels remained almost unchangedthroughout most of the year. Retailers' stocks dipped slightlyduring the spring, then picked up moderately through Sep-tember and have since leveled off. Wholesalers' inventories,after a slight reduction in the opening months of 1957, wereheld even thereafter.

Employment and production off

The seasonally adjusted number of employees in nonfanestablishments amounted to 52 million as the year endecdown about 900,000 from last summer's high and about 650000 from a year ago. Unlike the early developments in 195'when reduced employment in manufacturing was more thaoffset in other industries, cutbacks over the fall and earlwinter months have been fairly general among both mamfacturing and nonmanufacturing industries.

Also in contrast to the earlier months of 1957, when iicreases over a year ago were sizable and broad-ranged, on]scattered industrial groups reported December emplo}rmei.

Wages and Salariesby Major industries

index, l£56 Monthly A*g.'*lOO

no -Total

105 -

100

Durable Manufacturing

105 -

IOO

Nondurable Manufacturing

505 -

S C O -

Nonmanufacturing

tOO •

Government

IOO-A - , S / 'O H • . »0

pflke o* Eittirtass Economks : " - ' ; , ' , ,5^-1-2


January 1958 SURVEY OF CURRENT BUSINESS

higher than a year earlier—principally finance, wholesaletrade, and services. While the reduction in employmentduring last year was concentrated in manufacturing—off800,000 from December 1956 to December 1957—severalother major groups, notably railroads, also decreased thenumber of employees. In utilities and retail trade, employ-ment in December was at or close to the year-before levels.

The decline in manufacturing activity over the past yearhas been fairly widespread. While the intensity of reduceddemands for labor has been most pronounced in durable-goodslines, it is noteworthy that virtually all of the major industrygroupings within manufacturing employed fewer workers inJpecember than a year earlier.

Of the major industry groups, the steel industry experi-enced an especially sharp cutback in demand. Steel produc-tion at year-end was around 60 percent of the January 1,1957, capacity, compared with a 98 percent rate at the startof the year. By way of contrast, auto production, whichhad fallen off sharply in 1956, picked up moderately this pastyear. The total number of passenger cars assembled in 1957amounted to 6.1 million, compared with 5.8 million in thepreceding year. Sales of new model cars in December faredonly moderately well, however, and, with dealers holding a

high volume of inventories, the industry cut back its assemblyrates in the latter part of the month and early January.

Summary view

For 1957 as a whole, total output, real purchasing power,and employment averaged higher than in 1956, the previouspeak. The demand situation softened in the final monthsof the year, however, and activity at year-end was down fromthe highs established in the summer and early fall. Theimpact of the slide-off varied considerably from industry toindustry.

At the same time, private construction activity turnedmoderately upward this past summer after a period of sta-bility, and value put in place is currently higher than a yearago. Government expenditures were also sustained through-out 1957. While Federal outlays had tended downwardslightly in the summer and fall, State and local spendingcontinued its uptrend. The outlook for Federal outlayschanged with the reexamination of security requirements inthe light of new missile developments and somewhat higheroutlays are now programed for the fiscal year ahead.

National Income and Corporate Profits in 1957

NATIONAL INCOME rose to a new high annual rate of $362billion in the third quarter of 1957, extending its advance forthe 15th successive quarter. With the shift in trend ofbusiness in the final quarter of the year, national incometurned downward by an amount which is not yet possible «tocalculate in the absence of requisite data on corporate profits.Aside from the probable reduction of such profits, it is evidentfrom the comprehensive personal income measure that thedirect flow of wages and other earnings to individuals de-clined moderately in the fourth quarter.

By comparison with the first 9 months of 1956, total em-ployee earnings were up 6 percent, or $15 billion at annualrates. Employment was somewhat higher in the 1957period, but the average length of the workweek was reduced,so the total of man-hours worked was not much changed.On balance, therefore, the increase in total compensation ofemployees was attributable to the continued rise in averagehourly pay rates. Proprietors7 income for the 9 months was$1 billion higher at an annual rate, and corporations' before-tax earnings (excluding inventory gains) rose by a similar

Amount.In this review, we have used the first 9 months of 1957

profits and national income on a seasonally adjusted annualrate basis for comparison with the full year 1956. The fullyear 1957 comparisons will probably be somewhat lessfavorable in view of the effects of lowered business activityin the final quarter. For the 9 months, the annual rate ofemployee compensation is indicated to have been 5 percentor $12% billion above calendar 1956; and corporate profitson the same basis were little changed from 1956.

Corporate profits stable—margins reducedWith 9-months? corporate sales higher and profits about

the same as in 1956, the reduction in profit margins was asignificant feature of the economic pattern in this culmi-nating period of the cyclical rise dating from mid-1954.

Book profits in the first 9 months of 1957 were at a sea-sonally adjusted annual rate just slightly under the totals forthe years 1955 and 1956.

On an after-tax basis, the level maintained during thisperiod of nearly 3 years was higher by $4 to $5 billion thanthat which characterized the previous 3 years. Thisdifference was due in part to profits having been reduced in1952 and 1953 by the Korean-period excess profits tax andin 1954 by the business recession. Except in 1954, whenremoval of the excess profits tax cushioned the impact ofthe business decline, annual changes in profits after taxeshave about paralleled those in before-tax profits.

While dividends expanded steadily, as shown in the chart,the course of undistributed profits was quite irregular, asharp cyclical advance in 1955 contrasting with limiteddeclines in most other recent years. In 1956 and theJanuary-September period of 1957, when profits after taxeswere stable, retained earnings declined progressively asdividends advanced.

On a quarterly basis (table 1), corporate profits recededlast spring from the high fourth-quarter 1956 rate, and heldabout even in the summer. Inventory gains tapered asthe price rise slowed, and earnings from current productionheld up somewhat better than did the reported figures forbefore- and after-tax book profits. Dividends continued to


SURVEY OF CURRENT BUSINESS January 1958

rise fractionally from quarter to quarter through most of1957, but the increase over 1956 tapered as the year pro-gressed. December payments dipped sharply, reflectingyear-end declarations of special and extra dividends in lesserYolume than usual.

Industry patterns mixed

By comparison with 1956 as a whole, last year's profitsthrough September showed improvement in a number ofthe principal industry divisions. Among these, gains on theorder of 5 percent were recorded for the utilities, financeand service divisions.

CORPORATE PROFITS . ..

off in 1957despite risein sales with

Billion Dollars— 50

— 40

— 30

DIVIDENDSagain higherand . . .

RETAINEDEARNINGSdown forsecond year

1952 53 57*

* First 3 quarters, seasonally adjusted, at annual rates

U. S. Department of Commerce, Office of Business Economics 5 8 - 1 - 3

The annual rate for manufacturing was a little belowthat of 1956, with nondurables and construction-relateddurables lines in particular being characterized by lower(earnings. Profits were off in the transportation industry,and the rise in mining was checked. As the chart on page5 illustrates, these three industry divisions provide close toIhree-fifths of the corporate profits total. Manufacturingis seen to have accounted for well over half the all-industryaggregate, and the durables branch alone for one-third.

Profits changes in the various industries are outlinedbelow in the context of the related shifts in national income.(See tables 2 and 3.)

Profits off in manufacturing

National income from manufacturing during the January-September period amounted to $111% billion at annual rates.

This represented a rise of $3% billion from 1956 taken as awhole and $5 billion from the January-September rate forthat year. The corresponding percentage changes are shownin the accompanying text table together with others recordedsince the recession year 1954.

195519561957 (January-September rate) _

Total Income Originating in ManufacturingPercent change from pre-

ceding year's—January-

Annual Septembertotal rote13.8 12,75.6 5.93.1 4.5

A slowing in the rate of rise in 1957 seems to have beet1rather general among durables (with the major exceptionof transportation equipment) and nondurables groups alike.

Of the total flow of income from manufacturing in the1957 period, corporate profits accounted for one-fifth. Asalready indicated, the profits component fell slightly shortof its 1956 annual rate in the first 3 quarters of last year, withincreases in the auto group and in certain investment-goodslines not quite balancing the declines recorded elsewhere inmanufacturing.

Mixed record for durablesAmong durable-goods groups, auto industry profits were

at a 9-month annual rate $% billion higher than the 1956total. Other transportation equipment, electrical machin-ery, and fabricated metals together registered a gain ofsimilar magnitude. These advances were partly offset bydeclines, aggregating close to $% billion, in the primarymetals group and in lumber and certain other lines com-monly affected by changes in construction activity.

Part-year comparisons of net income in the automobilemanufacturing industry are particularly difficult to interpre^because of the year-to-year variation in the timing of themodel changeover period. The advance in January-

Table 1.—National Income, by Type of Income, 1955-57[Billions of dollars]

National income

Compensation of employees

Wages and salariesPrivateMilitary . _ _ .Government civilian

Supplements to wages andsalaries _

Proprietors' and rental income *_

Business and professional. _.Farm. .Rental income of persons. __

Corporate profits and inventoryvaluation adjustment

Corporate profits before tax-Corporate profits tax

liability. __Corporate profits after

tax _ -

Inventory valuation adjust-ment - _.

Net interest

Seasonally adjusted at annual rates

1955

324.1

223.1

210.3174.4

9.826.1

12.7

49.4

27.311.910.2

40.7

42.5

21.5

21.0

-1.7

10.9

1956

343.6

241.4

227.2189.4

9.728.2

14.1

49.9

28.011.610.3

40.4

43.0

22.0

21.0

-2.6

11.9

1956

I

335.8

234.5

220.9183.9

9.727.3

13.7

49.3

27.711.410.2

40.5

43.3

22.1

21.2

-2.8

11.5

II

340.6

240.0

226.1188.4

9.727.9

13.9

49.7

28.011.510.3

39.1

42.4

21.6

20.7

-3.2

11.7

III

344.5

242.7

228.3190.1

9.728,5

14.4

50.0

2&211.510.4

39.8

40.8

20.8

19.9

-1.0

12.0

IV

353.3

247.9

233.3194.7

9.728.9

14.6

50.7

28.312.010.4

42.4

45.6

23.3

22.3

-3.2

12.3

1957

I

355.1

251.1

235.9196.. 8

9.629.4

15.3

50.3

28.411.510.4

41.2

43.9

22.4

21.5

-2.7

12.5

II

358.1

254.0

238.6199.1

9.729.7

15.4

50.7

28.711.710.4

40.7

42.0

21.4

20.5

-1.3

12.7

III

362.2

257.0

241.3200.9

9.830.6

15.7

51.3

29.111.810. 4

40.9

41.8

21.3

20.4

-.9

13.0

1. Includes noncorporate inventory valuation adjustment.Source: U. S. Department of Commerce, Office of Business Economics.


January 1958 SURVEY OF CURRENT BUSINESS

September auto profits accompanied a sales gain, by com-parison with 1956, somewhat sharper than will appear inthe figures for the year as a whole. Although unit autosales by manufacturers in 1957 were not far above the 1956total, dollar-sales volume of the motor vehicles group was upconsiderably—around one-tenth, on the basis of 11 months'data.

The profits of certain durables groups where markettrends are related to construction activity have been affectedunfavorably by the decline in residential building which,beginning about mid-1955, continued well into 1957. The

Sfluence of this decline on demand and profits has beenpecially marked in lumber manufacturing. Profits in

Table 2.—National Income by Industrial Origin, 1953-57

[Billions of dollars]

All industries, total _

Agriculture, forestry, and fisheriesMiningContract construction

ManufacturingWholesale and retail tradeFinance, insurance, and real estate

TransportationCommunications and public utilitiesServices -

«~ overnment and government enterprises'est of the world _

1953

302.1

17.55.5

15.1

96.450.526.2

15.810.028.5

35.21.5

1954

299.0

16.94.9

15.5

90.051.128.1

14.510.729.7

35.81.8

1955

324.1

16.25.4

16.6

102.454.829.3

15.711.532.5

37.72.0

1956

343.6

16.16.0

17.7

108.157.930.9

16.712.535.6

40.12.1

First 9months, sea-sonally ad-justed at

annual rates

1956

340.3

15.96.0

17.6

106.657.330.8

16.712.435.2

39.82.0

1957

358.4

16.36.4

18.2

111.561.032.2

17.313.237.7

42.42.3

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

this industry were off more than one-sixth in 1956, and9-month totals for 1957 indicate that the reduction wasextended last year.

Profit increases were recorded in several capital equipmentlines, the largest being in transportation equipment otherthan autos and in electrical machinery. These industriesstarted 1957 with large order backlogs and maintainedgenerally high production rates during most of the year.At the same time, however, both new and unfilled orderstended to decline as the year passed. Orders from businessfor machine tools and railroad cars and from governmentfor airplanes and parts, in particular, dropped off sharply.

Though margins narrowed further in most of the durablegoods groups, the 1956-57 movements in profits generallyconformed in direction with those in sales. Among thenondurables, however, where profits were down from 1956

,in most industries, 3-quarter comparisons based on reportslo the Federal Trade Commission and Securities andExchange Commission show that the majority of the profitsdeclines occurred while sales volume was being maintainedor increased. Such contrasts in movements between profitsand sales were particularly marked in the food and petroleumgroups. The reductions in earnings reported for textiles,apparel, and leather, however, also occurred in the absenceof any significant declines in sales.

On a quarterly basis, profits in manufacturing have beentending downward since the end of 1956, and by the thirdquarter of 1957 were only fractionally above the year-earlierfigure. Current indicators of activity in manufacturing—industrial production, carloadings, employment, and pay-

rolls—point to the likelihood of reductions during the fourthquarter of 1957 both in profits and total income originatingin manufacturing.

Other industriesIncome in transportation and mining continued to expand

in 1957, the 9-month totals show. Profits in these industries,which together made up about 6 percent of all corporateprofits, were maintained close to 1956 in the case of miningbut dipped somewhat in transportation.

In transportation, the flow of income during the first 9months of 1957 was up 3 percent from 1956. While the totaloriginating in air, highway, water, and pipeline transporta-tion continued to expand, income from railroading was aboutthe same as the year before.

In mining, total income during the first 9 months of lastyear was above 1956 rates, as output was well maintainedand prices advanced both in the crude petroleum and naturalgas group and in coal mining. At the same time, total min-ing profits leveled off, after having recorded marked gainsin 1955 and 1956.

Income originating in the public utilities (including com-munications) during the January-September period of 1957was likewise up a little more than 5 percent from 1956.This advance seems to have been primarily a reflection ofincreases in volume of output.

The profits position of the gas and electric utilities in thefirst three-quarters of last year was substantially unchangedfrom 1956. Some expansion was indicated in the net earn-ings of the telephone and telegraph industry group.

As in the case of the utilities, the flow of income and profitsfrom the finance division and from foreign countries has ex-panded with the accumulation of invested capital at homeand abroad. Income originating in finance last year re-flected some further expansion in debt, as well as the rise

Industry Pattern of Corporate Profits*

Manufactures generate more than half of total

•* Before- tax profits adjusted for inventory valuation, Jan.-Sepf, 1957

U. S. Department of Commerce. Office of Business Economics 58 - I " 4


SURVEY OF CURRENT BUSINESS January 1958

Table 3.—-Corporate Profits Before Tax, by Major Industries,1953-57

[Billions of dollars, unadjusted for seasonal variation]

All industries, total

Manufacturing _. _ _ _Durable-goods industriesNondurable-goods industries

Finance and rest of world _ _

Transportation __ ._ _. _ _

Communications and public utilities

All other industries ._ _.-

1953

37.0

21.212.58.7

4.8

1.6

3.3

6.1

1954

33.5

18.410.48.0

5.1

.9

3.5

5.6

1955

42.5

24.814.710. 0

5.5

1.3

4.0

6.9

1956

43.0

24.614.110.5

5.8

1.2

4.3

7.1

First 9months

1956

31.9

18.510.58.0

4.3

.9

3.2

5.0

1957

31.9

18.010.67.4

4.6

.8

3.3

5.1


in interest rates. Income from abroad—mainly interest,dividends and branch profits—rose in response both to thecontinued rapid pace of our foreign investment and to thegenerally prosperous state of the free world economy.

National income originating in trade and service extendedits uptrend through the first three-quarters of last year, andcorporate profits appear to have shared in the advance.Contributing to these gains was consumer spending for goodsand services at annual rates around 5 percent higher duringthe January-September period of 1957 than during thepreceding year.

Growth in Operating Business Concerns inFirst Half of 1957

The business population of the United States reached arecord number of i% million operating concerns at the endof June 1957, a gain of about 30,000 firms from a yearearlier. This increase, however, was about half the risethat occurred from mid-1955 to mid-1956. The morerecent rise was attributable to small net increases—to newhighs—in the rolls of all major industry groups exceptmanufacturing and construction.

The number of contract construction firms was off slightlylast year, the first decline since the end of World War II.This industry division, which experienced the largest relativelosses in number of firms during the war when private con-struction was restricted, was characterized by conspicuouslygreater-than-average relative gains during the reconversionperiod. Expansion in the number of construction concernscontinued through June 1956 and this group was affectedleast among the major industry divisions by the recessionaryinfluences of 1948-49 and 1953-54.

The number of manufacturing concerns, which except forseasonal variations remained steady during the 1955-56period, also declined slightly between mid-1956 and mid-1957.Growth in retail trade, on the other hand, was greater lastyear than the year before, while gains of roughly half thoseof the previous year occurred in all other major industrialsegments of the business population.

Business turnoverIn the first half of 1957 about 210,000 new businesses

were established compared with 225,000 in the first half of1956, a reduction of 6 percent. The 1957 period also wit-nessed a small increase—to 175,000 firms—in the number of

discontinued businesses for the business population as awhole. Similar trends were evident in each of the majorindustries except in retail trade, where the increase in thenumber of operating concerns benefited from both a highernumber of new entrants and fewer withdrawals.

Changes in the number of businesses purchased or other-wise acquired by transfer of ownership usually follow indirection changes in number of new businesses. However,the number of transferred businesses during the first half of1957 was 4 percent higher than a year earlier although thenumber of new businesses established declined. The numberof transfers matched year-ago rates in contract constructionand manufacturing—the two divisions experiencing sligLlrecent declines in number of operating concerns.

Retail trade accounted for about two-thirds of the almost195,000 transfers in the first half of last year. This is a

(Continued on page 20)

Table 4.—Number of Firms in Operation, Selected Dates 1940-57,and Number of New, Discontinued, and Transferred Businesses,January 1953-June 1957 1

[Thousands]

June 30, 1940June 30, 1943June 30, 1948June 30, 1949June 30, 1952

June 30, 1953Dec 31 1953June 30, 1954Dec 31, 1954June 30, 1955 _ .Dec. 31, 1955 r

June 30, 1956 r . ...Dec 31, 1956 2

June 30, 19572 _ ___

January- June 1953July-December 1953January- June 1954July-December 1954January- June 1955 -July-December 1955 _ _ _ ..January-June 1956July-December 1956 _ _ _ _January-June 1957

January-June 1953July-December 1953January- June 1954July-December 1954 __January-June 1955July-December 1955 T

January- June 1956 r

July-December 1956 2

January- June 1957 2

January- June 1953July-December 1953 . _January— June 1954July-December 1954January-June 1955July-December 1955January- June 1956July-December 1956 _January- June 1957 _ _ _ _ _

All in-dustries

Con-tractcon-

struc-tion

Manu-factur-

ing

Whole-sale

trade

Retailtrade

Serviceindus-tries

Allother

Firms in Operation

3, 285. 22, 881. 63, 964. 73, 999. 54, 175. 4

4, 205. 74, 185. 34, 196. 74, 189. 04, 232, 34, 245. 24, 294. 24, 287. 04, 322. 0

199.1155.7332.5348.8414.0

432.3431.3441.3446.1465.6471.9483.0477.0478.0

225.8245.0321.0320.4329.6

326.6321.8317.6312.5311.4309.2311.8309.0309.0

185.9170.2258.3262.1280.9

285.0285.6287.1287.5289.9291.2294.9295.0297.0

1, 565. 01, 317. 21, 769. 81, 793. 71, 853. 6

1, 859. 21, 849. 91, 850. 71, 846. 11, 857. 31, 860. 51, 874. 21, 876. 01. 897. 0

626.4550.8742.0736.2740.4

741.9739.0742.3740.6745.0746.5755.7755.0761.0

482.9442.7541.1538.4556.9

560.2557. $557. 7556. 2563.0565.8574.7575.0580.0

New Businesses

199.3141.2189.0145.2210.2170.2223.9156.9211.0

40.423.935.725.840.930.041.023.834.5

16.010.413.19.6

14.911.416.210.613.4

11.98.6

11.08.9

11.79.6

12.49.4

12.2

77 A58.175.459.881.869.486.865.487.9

29.623.130.322.832.827.136.726.335.6

24.017.223.518.228.122. 730.821.427.5

Discontinued Businesses

172.4161.6177.6153. 0166.9157.2174.9164.0176.0

25.824.925.821.021.423.730.030.033.0

16.315.217.314.816.013.613.713.014.0

9.88.09.68.49.48.38.79.0

10.0

71.167.374.664.570.666.173.163.067.0

26.725.927.024.628.325.727.527.029.0

22.720.323.319.821.219.921.921.023.0

JK

Transferred Businesses

205.0151.2181.8137.9176.3150.7186.1141.2193.2

8.65.57.35.06.65.37.45.17.4

9.86.67.85.57.56.27.75.77.6

7.45.46.54.56.05.06.55.26.9

135.6102.0121.594.6

117.7102.6123.794.8

129.4

30.521.926.619.726.422.228.121.028.9

13.19.9

12.28.7

12.09.5

12.69.3

13.1

T Revised estimate.1. Business population estimates for other years appear on pp. 12 to 16 of the January 1954

issue of the SURVEY.2. Based on incomplete data.Source: U. S. Department of Commerce, Office of Business Economics, Estimates based

primarily on data from the U. S. Department of Health, Education, and Welfare, Bureauof Old-Age and Survivors Insurance.


by Marie T. Bradshaw, Daniel Roxon, and Max Lechter

Foreign Trade and Domestic Business

NE OF THE stimulating factors in the domestic businesspicture in early 1957 was the continued expansion in ourexport trade. Influenced by trade diversion resulting fromthe blockage of the Suez Canal, exports (after seasonal ad-justment) rose to a peak in the first quarter of the year. Areverse tendency was evident later in the year, but for 1957as a whole exports were unusually high.

The overall relation of exports and imports to domesticeconomic activity is set forth in the initial chart in thisreview. Export sales, corrected for usual seasonal move-ments, reached a new top of $20 billion at an annual rate inthe first quarter of 1957, having advanced in the 1955-57cyclical upswing of business activity at a relatively higherrate than did the total gross national product. Exportsbegan to taper off in the second quarter of 1957, and thetrend during the second half of 1957 was downward.

By contrast with exports, imports were more in line withdomestic business during the cyclical upswing which cul-minated in the third quarter of 1957. As early as the end of1955, imports regained the position that had prevailed im-mediately prior to the 1953-54 period of decline in domesticbusiness activity. With imports at a record annual rate in

j;xcess of $13 billion in the third quarter of 1957, their overallrelationship to domestic business was approximately the sameas in early 1953.

For the purpose of analyzing the relation of foreign busi-ness to fluctuations in our domestic economy, the Office ofBusiness Economics has compiled and applied a new end-useeconomic category classification for both exports and im-ports. Much of the data in the present review updates andrevises end-use economic category data presented originallyin the November 1955 (imports) and December 1956 (ex-ports) issues of the SURVEY OF CURRENT BUSINESS.

Competition in world export markets

To provide a perspective against which recent develop-ments in United States exports may be gauged, table 1 pro-vides a comparison of trends in export sales of the world's threemajor manufacturing centers—the United States, WesternEurope, and Japan—to other areas of the world. This showsthe substantial progress made by all three exporting areas.Japan made relatively more progress since 1953 but itsprevious gain had been considerably slower.

In the case of Europe, the relative rise in exports as com-pared with the United States was faster during 1953-55but during 1956 and the first half of 1957 the spurt of UnitedStates exports was not matched by the European countries.These developments indicate the continued strong competi-tive position of United States products in world marketsduring the last years.NOTE—MISS BRADSHAW, MR. ROXON, AND MR. LECHTER ARE MEM-BERS OF THE BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESSECONOMICS.

Since the data for the United States presented in table 1do not take into account the steep rise in export sales toEurope and Japan, they understate the relative expansion intotal United States nonmilitary exports over this period.Likewise, the data shown for Western Europe and Japan donot reflect the rapid rise during recent years in trade mov-ing among countries in these two areas and in exports fromthese countries to the United States.

Exports Have Advanced More Rapidly ThanImports, Resulting in an Unusually HighExport Surplus in 1957

Imports moved about in line with domesticGross National Product

GNPB i l l i o n Dollars

500

400

300

(ratio scale)Foreign TradeBillion Dollars

GROSS NATIONAL PRODUCT-

EXPORTS

GENERALIMPORTS

©Estimated

I I

24

20

16

12

1953 1954 1955 1956 1957QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES

* Including reexports, excluding military aid

Basic data: Exports and imports, Census Bur.

U. S. Department of Commerce, Office of Business Economics 5 8 - I - 5

7


8 SUEVEY OF CUEEENT BUSINESS January 1958

Table 1.—Exports of the United States, OEEC Countries, andJapan to Other Countries, 1953-57

Period

1953 -.1954.1955._1956, total .

1st half at annualrate

2d half at annualrate

1957: 1st half at an-nual rate _

United States (excluding ex-ports to Japan and OEECcountries)

Total

Milliondollars

8,8548,9289,661

11, 521

11,483

11, 562

13,002

Valueindex(1953=

100)

100101109130

130

131

147

Nonagricultural

Milliondollars

7,5307,6718,2639,636

9,686

9,584

10, 752

Valueindex(1953=

100)

100102110128

129

127

143

OEEC countries(excluding ex-

ports to UnitedStates, Japan,

and intra-OEEC trade)

Total

Milliondollars

11, 68712, 71913, 80514, 912

14, 802

15,023

15, 964

Valueindex(1953=

100)

100109118128

127

129

137

Japan (exclud-ing exports toUnited Statesand OEECcountries)

Total

Milliondollars

9331,2091,3781,730

1,591

1,870

1,853

Valueindex(1953=

100)

100130148185

171

200

199


Exports Mirror Business Trends Abroad

The composition of the rise in United States exports since1953, particularly of nonagricultural products, provides muchevidence regarding the corresponding course of businessactivity abroad. Supposing that no other relevant economicdata for foreign countries were available, the magnitudes ofthe gains in our exports of producers' supplies and capitalequipment (see table 2) would by themselves indicate thatindustrial activity abroad, along with that in the UnitedStates, has undergone a major expansionary phase duringthe past several years.

Industrial materials overshadow other exports

Exports of industrial supplies and materials by domesticnonagricultural producers, having risen almost continuouslyafter 1953, reached a peak in the first half of 1957 andthereafter began to taper off somewhat in the third quarterof the year. Although such exports as a group apparentlywere down somewhat more than seasonally in the thirdquarter of 1957—even after adjustment for the emergencypetroleum shipments resulting from the Suez crisis—theycontinued to move abroad at an annual rate $800 millionhigher than in July-September 1956 and $2,800 million inexcess of the yearly total in 1953.

The overall movement of exports within the category ofagricultural producers7 supplies and materials (see table 2)is, of course, largely determined by changes in shipments ofraw cotton, although items such as unmanufactured tobacco,industrial fats and oils, and hides and skins also constituteimportant components of this group.

Cotton exports, after dropping to an 8-year low duringthe crop year 1955-56, made an "about face" and soared toa 23-year high in the year ended July 1957. While suchunusually high cotton exports during the past crop year werestimulated to a large extent by increased Governmentfinancing, the adoption by the Government of a programmaking prices for United States cotton competitive withprices for comparable foreign growths provided a strongimpetus. Exports moving out under private financingaccounted for approximately two-thirds of the $780 millionincrease in cotton exports during 1956-57 as compared withthe previous crop year. While August-December 1957exports have dipped some 25 percent from the abnormal highs

recorded in the same period last season, cotton exports forthe 1957-58 season as a whole are likely to rank as thesecond highest of the past 8 years.

Industrial materials geared to high demandin Europe

Since manufacturers in Western Europe are outstandingamong our foreign customers for both agricultural andnonagricultural raw and semifabricated materials, businesstrends in that area are particularly important. In WesternEurope as a whole, the rise in industrial production continueûninterrupted into 1957. During 1957, however, the paceof economic expansion within Western Europe appeared tohave been slowed somewhat by factors such as the tighteningof credit restrictions to avert intensified inflationary pres-sures, the consequent reduction in investment and otherspending, loss of foreign exchange reserves and excessiveinventory positions in certain industries.

Through the third quarter of 1957, such recent economicdevelopments in Western Europe appear to have merelylimited the magnitude of further gains in United Statesexports. The chart on p. 10 shows that our total nonmilitaryshipments to this area, which in 1956 had grown by morethan 80 percent as compared with 1953, scored still additionallarge advances in 1957. Even if petroleum is excluded,export sales to Western Europe during each of the first 3quarters of 1957 were well ahead of such exports in thecorresponding periods of 1956.

It is true that total exports to this area (excluding petrole-um) declined from the first to the second quarters of 1957whereas in the same period a year before such shipmentsshowed a substantial rise (see chart). The seasonal down-swing in exports in the third quarter of 1957, furthermore^was more pronounced than the corresponding dip of a yearago. However, changes in the quarterly pattern of exportsto Europe in 1957, even after excluding the extraordinaryshipments of petroleum in the first and second quarters of theyear, appear to have been due to the shift from 1956 to1957 in our agricultural exports, rather than to reducedEuropean demand for basic industrial materials.

Whereas in 1956 food exports to Western Europe, particu-larly grains, had moved upward after the first quarter andremained high during the remainder of the year, such ship-ments dropped sharply in the second and third quarters of1957. The rapid rise in cotton exports which had occurredin the last half of 1956 was reversed after the first quarterof 1957. Our sales of cotton to Western Europe in April-June 1957 were nevertheless still 2^ times as great as in thecorresponding months of 1956. The dropoff in cotton ex-ports in the third quarter of 1957 from a year earlier resultedlargely from the fact that cotton inventories in Europeancountries had become considerably higher than in 1956.Actual textile output in Germany, Italy, and the UnitedKingdom continued to be considerably higher than duringthe preceding year. *̂

Excluding such extraordinary changes in food and cottom-exports, other nonmilitary shipments to Western Europeduring July-September 1957 were still ahead of comparableshipments in the third quarter of 1956 by approximately$800 million at an annual rate. As in earlier periods thebulk of this recent large expansion was accounted for by coal,iron and steel scrap, other iron and steel, nonferrous metals,synethetic rubber, and other industrial materials.

Whether or not markets in Europe for these products willretain the buoyancy characteristic of recent years depends,of course, not only on Europe's internal business conditions,but also on the ability of European countries to finance acontinued rise in imports from the United States.


January 1958 SURVEY OF CURRENT BUSINESS 9

In this connection changes in European dollar earningsfrom sales in the United States market are highly significant.The chart shows that our merchandise imports from Europehave undergone a steady expansion over the last 3 years.During the first 9 months of 1957, moreover, Western Europestands out as the only major area which succeeded in boostingits merchandise exports to the United States appreciablyabove the rate of the corresponding period of 1956.

Notwithstanding this further increase in its sales to theUnited States during 1957, Western Europe's trade deficitwith us has loomed even larger than in 1956 and the balanceof payments of such important countries as the United^Kingdom, France, the Netherlands, and Belgium was underconsiderable strain during the past year. France has hadto impose extensive import restrictions to try and redress itsadverse position. The other three countries have not re-sorted to new import restrictions, but they have adopted,in common with other European countries, numerous in-ternal counter-inflationary measures which may effectivelycurtail the demand for some imports, including those fromthe United States.

Reversal of export uptrend to Japan

Japan, which beginning in the latter part of 1955 hadlikewise channeled a rising flow of raw and semifabricatedmaterials from the United States into its rapidly expandingmanufacturing industries, adopted a tight money policy inthe spring of 1957 which has since tempered its industrialboom and the resulting demand for raw materials importsfrom the United States.

During the first half of 1957, Japan had increased its totalimports from the United States by over 90 percent as com-pared with the corresponding period a year earlier. Although

*a variety of machinery items shared in the larger exports toJapan, in January-June 1957 the bulk of the overall rise wasaccounted for by steel scrap, pig iron, other iron and steel,coal, nonferrous metals, cotton, and other industrial supplies.Around the middle of 1957, however, the effectiveness of thetighter Japanese credit restrictions and of cuts in the officialimport budget became evident as United States exports toJapan began to weaken. In the fourth quarter of the yearexports had been cut by about a third from the averagequarterly rate recorded during January-June.

Canada and other Western Hemisphere countries whichshould be cited as additional important markets for exportsof industrial materials such as steel and chemicals, are dis-cussed below.

Brisk pace of capital equipment exportsAfter remaining relatively stable from 1952 through 1954,

exports of capital equipment expanded by 8 and 22 percentin 1955 and 1956 respectively. During each of the firstthree quarters of 1957 exports again continued to be well inexcess of shipments in the corresponding periods of theprevious year. While exports in the third quarter of 1957were at an annual rate $675 million higher than in July-September 1956 (see table 2), the decline from the second tothe third quarters of the latest year, although partiallyresulting from seasonal factors, was relatively somewhat morethan the parallel dip in 1956.

Just as the trend in exports of industrial materials isclosely tied to the movement of business in Europe andJapan, so the demand for United States exports of capitalequipment is intimately linked to economic conditions inWestern Hemisphere countries.

U. S. investments in Canada boost capitalgoods exports

In Canada, the most important single foreign market forAmerican-made machinery and capital equipment, the grossnational product during the fourth quarter of 1956 was ata seasonally adjusted annual rate more than one-fourthhigher than in 1954. This pronounced growth had been fa-cilitated by a record inflow of capital from this country.American investments in petroleum, manufacturing andother Canadian industries had jumped by nearly $1 billionduring 1956 and promised to show a rival gain by the closeof 1957.

Although growth characteristics are still-evident in somesegments of the Canadian economy, there was an easing offin the aggregate real output of goods and services withinCanada during the course of 1957. This development mayexplain the much slower rise in total United States exportsto Canada from the first to the second quarters of 1957 thanin the same quarters of the previous year. In July-Septem-

Table 2.—Domestic Exports of Agricultural and Nonagricultural Products by Economic Categories 1953-57

Category

Total domestic exports, ad-justed 1 (excluding mili-tary aid) _ .

Agricultural, totalNonagricultural, total

Producers' supplies and materials.Agricultural _Nonagricultural

Capital equipment

Food and drugsAgriculturalNonagricultural (mainly

drugs) -_

Finished consumer goods 2 _

All other and unclassified 3 __ _

Value in millions of dollars

Annual

1953

12, 128

2,8489,280

4,7931, 0653,728

4,025

2,0401, 783

257

1,105

165

1954

12,707

3,0549,653

5,4601,4084,052

4,037

1,9281,646

282

1, 112

170

1955

14, 146

3,19810, 948

6,0681,1844,884

4,367

2, 2852,014

271

1,247

179

1956

17, 143

4,16012, 983

7,3561,4625,894

5,305

2,9862,698

288

1,274

222

January-September

1956

12,329

2,8369,493

5,163926

4,237

3,921

2,1241,910

214

951

170

1957

14,569

3,37611, 193

6,6611,3425,319

4,505

2,2682,034

234

939

196

January-March

1956

3,908

8313,077

1,583257

1,326

1,258

645574

71

358

64

1957

5,043

1,2823,761

2,378531

1,847

1,432

829751

78

329

75

April-June

1956

4,368

1,0273,341

1,805322

1,483

1,402

776705

71

327

58

1957

5,089

1,1323,957

2,280433

1, 847

1,643

777699

78

329

60

July-September

1956

4,053

9783,075

1,775347

1,428

1,261

703631

72

266

48

1957

4,437

9623,475

2,003378

1,625

1,430

662584

78

281

61

Percent

Annual

1953

100.0

23.576.5

39.58.8

30.7

33.2

16.814.7

2.1

9.1

1.4

1954

100.0

24.076.0

43.011.131.9

31.8

15. 112.9

2.2

8.8

1.3

1955

100.0

22.677.4

42.98.4

34.5

30.9

16.114.2

1.9

8.8

1.3

1956

100.0

24.275.8

42.98.5

34.4

31*0

17.415.7

1.7

7.4

1.3

January-September

1956

100.0

23.077.0

41.97.5

34.4

31.8

17.215.5

1.7

7.7

1.4

1957

100.0

23,276.8

45.79.2

36.5

30.9

15.614.0

1.6

6.4

1.4

1. Adjusted to exclude exposed motion picture films exported on a rental basis.2. Excluding food and drugs.

450946°—58 2

3. Principally shipments valued under $100.Source: U. S. Department of Commerce, Office of Business Economics.


10 SURVEY OF CUREENT BUSINESS January 1958

Regional Shifts in 1957 Were Larger in Exports Than in imports

Exports* to Latin America sustained whileshipments to Europe and Asia showed big swing

Wes^rn Europe had major share of1957 import gain

Billion Dollars

6

2 -

CANADA

I I I

LATIN AMERICAN REPUBLICS

I I I I I

WESTERN EUROPE

'/

® ExcI. petroleumshipments resultingfrom Suez Crisis

I I I i i

REST OF THE WORLD

1953 1954 1955 1956ANNUAL TOTALS

* Including reexports, excluding military aid

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

I I I I I

1 2 3 4QUARTERS AT ANNUAL RATES

1953 1954 1955 1956ANNUAL TOTALS

Billion Dollars

6

j I o

8

1957\

/1956

i I 1

/1957

! I I I

1 2 3 4QUARTERS AT ANNUAL RATES

Basic data: Census Bur.

58 -1 -6


January 1958 SURVEY OF CURRENT BUSINESS 11

ber 1957 our overall exports to Canada were even somewhatlower than during the third quarter of 1956 (see chart).

The chart also pictures another important aspect of thecurrent business picture in Canada. Whereas Canada's ex-ports to the United States had chalked up substantial an-nual gains in 1955 and 1956, they displayed only a minorincrease during the first 3 quarters of 1957. As discussedbelow this development reflected continued weakness inlumber prices during 1957 and developing softness in marketconditions for newsprint, woodpulp, metals, oil, and someother major Canadian export items.

Voora in investment goods to Latin AmericaDuring 1957, our capital goods sales to Latin America,

having undergone an even more outstanding expansion thanin 1956, promised to be substantially higher than corre-sponding exports to Canada.

The Latin American countries also have been recent re-cipients of record amounts of United States direct invest-ment capital. If the British loan is excluded, the bulk ofthe credits extended by the Export-Import Bank in thefiscal year ended June 30, 1957, also went to this area.

In contrast to our overall exports to other parts of theworld, which began to taper off near the middle of 1957, thehigh rate of total United States exports to Latin Americawas well-maintained beyond that period (see chart). Thechart contrasts the recent uptrend in our exports to LatinAmerica with the corresponding course displayed by importsfrom this area. During the first half of 1957 imports fromLatin America had advanced only nominally as comparedwith a year ago while during July-September 1957 such pur-chases were even somewhat lower than in the same monthsof 1956. Hence Latin America's trade deficit with theUnited States has mounted to an annual rate of over $1.1oillion in the second and third quarters of 1957.

Recent economic developments in individual countriesunderscore the problems which may confront some of ourtop Latin American customers in attempting to maintain orto increase further their imports from the United States.Although Venezuela's international reserves reached a newpeak at the end of September 1957, the partial cutback inVenezuelan petroleum output in recent months from therecord production schedules called for by the Suez emergencymay dampen, at least temporarily, the upswing in UnitedStates exports to that country. During the first 11 monthsof 1957 our total shipments to Venezuela had risen by almost60 percent as compared with the corresponding period of1956 to an annual rate of over $1 billion.

Brazil's rising purchases of capital equipment had boostedits total imports from the United States by 60 percent inJanuary-November 1957 as compared with the same 11months a year earlier. Although in recent months Brazilianeconomic prospects have improved somewhat as cocoa pricesstrengthened and the coffee market recovered from its weak-ness earlier in the season, Brazil's dollar supply remainedvery tight because of other large dollar obligations and thehigher imports from and lower exports to the United States.

In Argentina, which also accounted for a major incrementto our overall capital equipment exports in both 1956 and1957, the drain on foreign exchange reserves caused by thefailure of the corn crop and the higher prices and freight onoil during the Suez crisis led to the adoption of new importrestrictions. Near the end of October 1957 the importationof trucks and chassis, which had comprised about 25 percentof total United States exports to Argentina in the first 10months of the year, was suspended for 90 days.

During the third quarter of 1957 it appeared that factorssuch as the partial failure of the corn crop and declining

prices for Mexican exports of metals, coffee, and cotton mayhave tempered the 3-year-old boom in Mexican businessactivity and hence the rise in our sales of capital equipmentand other goods to Mexico. The recent softness in worldprices for copper, lead, zinc, and other metals has likewiseadversely affected incomes in some other Latin Americanexport markets, such as Chile and Peru.

Reflecting the effects of weakness in prices of and demandfor mild coffee earlier in the current year, as well as the largebacklog of Colombia's international indebtedness carriedover from previous years, exports to Colombia in the first 11months of 1957 were far below those of a year ago, con-trasting sharply with the trend in our sales to other marketsin Latin America.

Asia and Europe get U. S. capital equipment

While Canada and Latin America constitute the two lead-ing foreign markets for capital goods exports, other countriesoutside the Western Hemisphere have become increasinglyimportant sales outlets for such equipment. Japan toppedthe 1957 list of such Asian customers, but Korea, which hasbeen recently the major individual recipient of economicassistance from the United States, has also constituted arapidly expanding market.

The substantial rise in sales of capital equipment toIndia in 1955 and 1956 was not extended into 1957. To aidin remedying the highly adverse payments position whichdeveloped during the first half of 1957, India has since im-posed a series of progressively tighter import restrictions.The Philippines, which has also relied to a large extent oncapital equipment imports from the United States to imple-ment its industrialization program, has likewise adopted newcontrols which should seriously curtail imports of capitalequipment and other goods during the months ahead.

Europe's demand for imported capital equipment is farovershadowed by its requirements for imports of basic indus-trial materials, yet greater shipments to Europe of civilianaircraft, machine tools, and construction machinery havecontributed significantly to the overall expansion in ourcapital equipment exports during the past 3 years.

Declining importance of finished consumer goods

Since 1956 exports of nonfood consumer goods have ac-counted for a diminishing share of total United States non-military exports (see table 2). The decline since 1955 inexports of passenger cars, the largest item within the cate-gory, was largely responsible for this development. Thedowntrend in sales to Western Europe which had begun in1956 was speeded up in the first half of 1957 by emergencyrestrictions on gasoline usage made necessary by the Suezcrisis. Shipments to Canada, which unlike exports to otherareas had continued to expand in 1956, fell by more thanone-half in January-September 1957 as compared with thecorresponding period of 1956. In the second and thirdquarters of 1957 Canadian production and demand fell offsharply from year-earlier rates. Meanwhile, Canadianimports of European cars increased by more than a thirdover 1956, and for the first time since 1950 accounted formore than a tenth of new automobile sales.

Losses in United States auto exports to Western Europeand Canada during 1957 were only partially offset by therise in exports to Latin America. Shipments to the latterarea rebounded in 1957 back to near the 1955 rate notwith-standing the stiffest competition to date from our competitorsin Western Europe.


12 SURVEY OF CURRENT BUSINESS January 1958

Food exports off from January-June 1957 peak

The sharp rise in food exports which began in 1955 con-tinued well into 1957 as shipments during the first half ofthe year reached their highest rate since 1947. Heavierexports of grains formed the backbone of this large expansion,and greatly enlarged deliveries of other commodities such asvegetable oils and oilseeds, and fruits and vegetables con-tributed prominently to the overall advance.

Owing largely to intensified demand in Europe where lastyear's wheat harvest was small and of inferior quality,wheat exports set a new record of 549 million bushels in theyear ended June 30, 1957. During the same fiscal periodexports of rice, fruits, soybeans and vegetable oil alsochalked up outstanding gains as only limited supplies wereavailable for export from other producing countries.

Enlarged deliveries under Government programs during1956-57 as compared with the previous fiscal year accountedfor nearly two-thirds of the total $365 million rise in wheatexports, 90 percent of the $100 million gain in rice shipments,and at least four-fifths of the $87 million advance in exportsof soybean oil. Government activities in the last fiscal yearlikewise provided an important stimulus to corn exportswhich rose to the highest crop-year volume since 1921.

The 3-year uptrend in food exports was reversed in thelast half of 1957. Although deliveries of wheat to India,Japan, Poland, and Brazil in the third quarter had increasedas compared with July-September 1956, exports to WesternEurope were off by about two-thirds. In Europe, partic-ularly in France, the most recent wheat crop (1957-58) wassetting a new record. Lower shipments of rice, oats, barley,and grain sorghums in July-September 1957 than during ayear earlier, also contributed to the recent dip in our overallfood exports. Partially offsetting such declines were theincreased corn shipments destined for Western Europewhere feeding supplies had been reduced due to the betterquality of the most recent wheat crop, and for Mexico whichhad experienced a severe crop failure in its central plateauarea.

Exports Aid Output in Key Industries

Table 3 shows that exports were important in influencingoutput schedules of many of the nation's top-rankingindustries. Notwithstanding the major gains in domesticdemands—especially since 1954—export outlets for numerouskey individual products have grown at an even faster ratethan domestic markets. As the pace of expansion indomestic demand began to ease off during 1957, moreover,continued high export sales exerted some stabilizing effecton output.

Machinery exports rise faster than domestic sales

The even more rapid rise in exports than in domestic sales ofnonelectrical machinery was particularly outstanding in viewof the record expansion in domestic investment spending dur-ing the past 3 years. The ratio of export to domestic salesof such machinery, having climbed slowly but steadily since1953, reached an alltime high of over 15 percent in thethird quarter of 1957.

Within the nonelectrical machinery group, exports of con-struction, excavating and mining machinery, which during1953-55 were about one-fourth of domestic sales, became overone-third as large as domestic shipments in 1956 and inJanuary-September 1957. In 1957, higher exports of ma-chine tools and metalworking machinery also provided amajor support to production in the supplying industries which

reduced their shipments to domestic customers sharply afterthe first half of the year.

Although beginning in the spring of 1957 exports of mostwheel-type tractors dropped below the previous year's move-ment while domestic shipments went ahead, exports of othertypes of tractors have recently been better sustained thandomestic sales.

Transport equipment in export markets

Export demand during 1957 for all major items within thecommercial transportation category—except trucks ar>c*buses and railway freight cars—made a better showing rela-tive to domestic demand than in the year before. In the caseof motor trucks and buses, exports continued to be nearlyone-fourth as large as domestic sales.

The number of commercial planes delivered to foreign air-lines in the second and third quarters of 1957 was virtuallyone-half the number completed for domestic customers. CMthe total 971 transport aircraft on order with United Statescompanies on September 19, 1957, moreover, foreign-flag pur-chases continue to number about half those to be deliveredto domestic lines.

The number of locomotives exported in January-September1957 was also nearly 50 percent as large as the number oinew locomotives installed in domestic service. Althoughsince 1955 exports of railway freight cars have remainecrelatively unimportant as compared with domestic deliveriesthe number of railway passenger cars exported in the firsihalf of 1957 was well over double the number delivered t<domestic carriers. In the third quarter of the year, howeversuch passenger car exports fell sharply while deliveries txdomestic railroads rose to their highest rate since the fourtlquarter of 1955. In recent months both export and domesticorder backlogs for all types of railway equipment have beergreatly reduced as compared with a year earlier.

High exports aid industrial materials producer:

Unmanufactured cotton, cattle hides, bituminous ancanthracite coal, iron and steel scrap, and cotton piece goodwere prominent among industrial materials exported iigreater quantities during January-September 1957 than iithe same period a year earlier, while domestic demands werdeclining.

In the case of cotton, the 23-year high of 7.5 million baleexported in the 1956-57 season permitted a reduction oover 4.7 million bales in Government-controlled stocksnotwithstanding the fact that domestic consumption was o1by over one-half million bales from the rate of the previouyear. The rise in exports and fall-off in imports of cottopiece goods during 1957 should be cited as an export development which further favored domestic producers of both raicotton and textiles.

As recently as 1951 this country had been a net importeof cattle hides. As livestock slaughter in January-Septerrher 1957 held at the record rate of the previous year oi]imports dropped to an almost negligible amount whi]exports rose to become nearly one-third as great as domestiutilization.

The continued rise in foreign demand for bituminous co*in 1957 was a major factor responsible for the maintenancof high coal production, especially during the first half cthe year when both domestic industrial consumption andeliveries to retail dealers slipped below the rate of JanuaryJune 1956. Enlarged exports of anthracite coal during thfirst half of 1957 also compensated to a large extent for reduced domestic demands in the early months of the year.


Table 3.—Exports, Domestic Production, and Use of Selected Commodities, 1953—57

Commodity and year Unit

Domes-tic

pro-duction1

Domes-tic

use 2

Exports 3

Quan-tityor

value

Per-cent ofdomes-tic use

CAPITAL EQUIPMENT

Machinery and Related Equipment:Electrical machinery *

19531954 .195519561956, January-September.1957, January-September

Other machinery (incl. agricul-tural)

19531954 _ ..19551956 -- --1956 January-September1957, January-SeptemberGraders and rollers

195319541955 _ _-19561956, January-September .-1957, January-September^

Industrial trucks and tractors195319541955 .19561956, January-September,1957, January-September-

Machine tools and formingand shaping machinery.

19531954 _195519561956, January-September1957, January-September .

Tracklaying and contractors'wheel-type tractors.

19531954_-195519561956, January-September..1957, January-September--

Commercial Transportation Equip-ment:

Civil aircraft19531954 . -195519561956, January-September1957, January-September

Locomotives19531954195519561956, January-September .1957, January-September.

Kail way passenger cars19531954 _19551956 _ - _ ..1956, January-September1957, January-September

Motor trucks and busses19531954195519561956, January-September—1957, January-September.

Mil. dol.

Mil. dol.

Mil. dol.

Number

Mil. dol.

Thous.

Number

Number

Number

Thous.

17 12416, 16817 23319 49414 04315 806

24 51022 32924 15928 36220 96722, 474

798197

1269791

n a34 71839 09638 91629, 33724, 643

1 4401 143

8781 191

853930

544353604837

4 1403,3844 7507, 2055,6625, 136

2 6521,5601 6582,2561, 6681,534

391585984430390412

1 2061,0421,2491,104

837824

16 46315 54516 56718 71413' 45915 198

21 90219 85021 41425 02818 48319, 619

555266836352

n a20 45922 58122' 40717, 10713, 623

1 2891 029' 766

1 051'755789

342634383122

2 7672 2343 0515 5574,4583,597

2 1001 1161 1781 4521, 1251,019

386345888396361287

1 067847

1 056898679668

661623666780584608

2 6082 4792 7453 3342 4842,855

242931433439

12 56614 25916* 51516 50912, 23011, 020

15111411214098

141

201719221715

373,150699

,648,204,539

552444480804543515

5240

963429

125

139195193206158156

4 04.04 04 24 34 0

11 912 512 813 313 414.6

43 655 847.051 854.075.0

n a69 773 173 771.580.9

11 711 114 613 313.017.8

58 566.656 059.255.871.6

49 751 555 929.927.242.9

26 339 840 755.448.350.5

1 369.610 88.68.0

43.6

13 023.018.322.923.323.3

PRODUCERS'SUPPLIES AND EQUIPMENT

Agricultural :Raw cotton

1952-53 crop year (August-July)

1953-54. _ __1954-55-1955-561956-57

Cattle hides19531954 _19551956 _ _ __ .1956, January-September1957, January-September

Nonagricultural:Bituminous coal

19531954195519561956, January-September1957, January-September

Anthracite coal1953 _- -195419551956 .1956, January-September1957, January-September

Thous. bales

Thous. pieces

Mil. sh. tons

Thous. sh. tons

15, 13916, 46513, 69614, 72113 310

23, 60525, 01725, 72226, 86219, 70119, 808

457392465500369368

30, 94829, 08826,20828, 58420, 72819, 433

59 4245 8, 5765 8, 84159 1475 8 617

21 68020, 28320 25422, 26216, 31715, 020

34275 3635423543353205308

28, 19526 23223, 05223, 34017, 28915, 943

2,8553,6193,3012,0787 509

1,9254,7345 4684,6003,3844,788

343151695160

2,7532,8563,1565,2443,4393,490

30 342.237.322 787 1

8 923.327 020.720.731.9

7.98.6

12.115.815.819.4

9.810.913.722.519.921.9

Commodity and year Unit

Domes-tic

pro-duction1

Domes-tic

use 2

Exports 3

Quan-tityor

value

Per-cent ofdomes-tic use

PRODUCERS' SUPPLIES AND EQUIPMENT—Continued

Nonagricultural — Contin uedIron and steel scrap

19531954195519561956, January-September1957, January-September .

Other iron and steel (excl. pig iron)19531954 .._ ._19551956 .__1956, January-September1957, January-September

Copper sulfate195319541955 .19561956, January-September _1957, January-September

DDT1953 ,1954195519561956, January-September1957, January-September

Sulfur19531954 _ _ -19551956 _ -1956, January-September1957, January-September

Cotton piece goods195319541955 _19561956, January-September1957, January-September

Thous. sh. tons

Thous. sh. tons

Sh. tons

Sh.tons

Thous. sh. tons

Mil. sq. yd.

77 85863, 23686 38886, 80162 76564,400

80, 14863, 15684 72083, 25660 82962, 584

72, 94465 28477, 98666, 77652, 94857, 968

41, 71245, 53562, 56769, 48153, 08748, 183

5,4935,8736,1456,9085,2064,493

11, 22410, 88111,18911, 2738,4837,919

5 77 3045 61, 3565 81 3725 80, 3165 58 7075 57, 337

78,99661, 24281 65680 49358 72659, 730

40,28535 52240,60436 59928, 48329, 198

26, 00724, 37233,94140,84630,42823, 114

4 2524,2274,5725,4624,1303,704

10, 66710 34910, 77910, 9498,2627,600

1721,4774 9586,0554 3375,433

1,1521 9143 0642,7632 1032,854

32, 65929, 76237. 38230, 17724, 46528, 770

15, 70521,16328,62628,63522,65925, 069

1 2411,6461,5731,4461,076

789

557532410324221319

0 22 46 17 57 49.5

1.53 I3 83.43 64.8

81.183 892.182 585.998 5

60 486.884 370.174.5

108.5

29 238 934.426 526.121.3

5.25 13.83 02.74.2

FOOD AND DRUGS

Food:Wheat (incl. flour and other prod-

ucts)1952-53 crop vear (July-June) _ _1953-54_.1954-551955-56 _1956-57

Rice1952-53 crop year (August--

Julv)1953-54 __ ,1954-551955-561956-57

Soybeans (incl. products)1952-53 crop year (Oct.-Sept.)1953-541954-551955-561956-57

Drugs:Penicillin

1953 . . . .19541955 . ._19561956, Januaiy-September- -1957, January-September

Streptomycin1953 _ . . _ ._1954195519561956, January-September--1957, January-September

Di hy drostreptomvcin19531954195519561956, January-September.. -1957, January-September

Mil. bu. (wheatequivalent)

Thous. cwt.(rough riceequivalent)

Mil. bu. (soy-bean equiva-lent)

Tril. internet,units

Mil. grams

Mil. grains

1,3061,173

984935997

48, 271

52,91864 24855, 96947, 441

299269341374456

372477344452337417

556470735573

164202168219165168

6656«6295 60755978 580

524,412

625,311527 978529,079527,037

6 2536233625182388269

269353228313228328

444244523647

10212276

14110889

296212271336542

24, 772

22,29114 22118, 46237, 333

434978

136178

10312411613910989

112226211926

628092785779

45.133.744.656.293.4

101.5

88.150 863.5

138.1

17.021.031.157.166.2

38.335.150. &44.447.727.2

25.952.857.241.652.554.8

60.665.7

121.155. 652.689.2

FINISHED (NONFOOD) CONSUMER GOODS

Passenger cars19531954195519561956, January-September1957, January-September

Thous.6 1135,5577 9155,8174,2704, 683

5 9545,3857 7185, 7324,2004,753

1591721978570

870

2.73.22.61.51.7

(6)n. a. Not available.1. Production where available, otherwise manufacturers' shipments or sales.2. Unless otherwise noted, production or sales less exports plus imports unless imports are

negligible.3. Exports less imports unless imports are ne ligible.4. Includes household appliances, radio and television sets.5. Consumption.6. Imports exceeded exports by 70,000 cars during this period.Source: Industry Survey and Business Statistics, U. S. Department of Commerce, Office of

Business Economics.isDigitized for FRASER

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

14 SURVEY OF CURRENT BUSINESS January 1958

During the first half of 1957 the pressure of rising foreignand domestic demand on available domestic resources ofiron and steel scrap had become sufficiently intense towarrant a tightening of export licensing and the making ofvoluntary agreements with European countries and Japanwhich limited the increases in their imports of heavy meltinggrades of scrap from the United States during 1957. Inmore recent months, as lagging domestic demand and moreabundant scrap supplies have pushed prices downward,continued high foreign demand has prevented scrap quota-tions from deteriorating further.

In January-September 1957 exports of manufactured steelproducts rose by 1 million tons as compared with the sameperiod last year while corresponding imports increased byonly 270 thousand tons. During the third quarter, the ratioof net exports of steel products to domestic sales climbed toover 6 percent, the highest in recent years. Whereas formany years prior to the fourth quarter of 1956 the industryhad been a heavy net importer of pig iron, in the year endedSeptember 1957 it became a net exporter to the tune ofnearly 670 thousand tons.

Some chemical exports top domestic sales

In the case of some chemical pesticides such as DDT andcopper sulphate, and one of the new antibiotics, dihydro-streptomycin, export sales have become nearly as large orlarger than domestic sales (see table 3). Notwithstandingthe outstanding advances in domestic use of such importantchemical products as plastic and resin materials and ethyleneglycol (used mainly for anti-freeze), exports have increasedeven faster than domestic consumption.

As late as 1954 in the case of ammonium sulfate, and 1955for potash, this country had been a net importer. As do-mestic production of these fertilizer materials has sincegreatly expanded, our exports have far overshadowed im-ports.

During 1957 sulfur production and prices were affected bya contraction in exports as well as in domestic demand, yetit should be noted that at least part of the drop in domesticoutput as compared with the year before can be attributedto the increased low-cost supplies available from American-owned producing facilities in Mexico. In a similar manner,the expanding development abroad in recent years of UnitedStates producing facilities in the field of drugs and medicinalshas blunted the rise in direct United States exports of suchitems.

Export markets for basic foodstuffs

In contrast to domestic use of wheat which declinedsteadily during the past 4 seasons, exports moved continu-ously upward over the same period. Whereas domestic con-sumption of rice in 1956-57 was also off substantially fromthe previous year, exports were over twice as high as in1955-56 and exceeded domestic consumption by over one-third. The bulk of the large successive annual increases insoybean production since 1953-54 has moved into exportchannels, with exports from the record crop of 1956-57aggregating nearly two-thirds as large as corresponding do-mestic marketings.

Imports at Record With Moderate 1957 Gain

Merchandise imports climbed to a new record annual rateof about $13.3 billion in the second half of 1957 on a season-ally adjusted basis, around 3 percent higher than the samehalf of 1956. In the first half of 1957 total imports were1 percent higher than in the first half of the previous year.

Such moderate gains in imports during 1957 followed thesharp annual advances of 11 percent in the overall value ofimports occurring in both 1955 and 1956. During 1955 and1956 imports had been sharply up in terms of constant aswell as current dollars, but in January-September 1957 thevolume of imports was about the same as a year earlier.

Varied behavior of imports

While the behavior of total imports over this period may bevery broadly associated with the overall movement ofnational economic activity, a more significant analysis cajjbe made by comparing the responses of imports in variousmajor end-use categories to changes in related indicators ofdomestic demand (see table 4).

As might be expected from their greater sensitivity tobusiness conditions than other types of goods, industrialmaterials imports displayed the widest fluctuations in valuefrom 1953-56. After dipping by over 11 percent from 1953to 1954 such imports had climbed by 20 and 12 percent in1955 and 1956, respectively. Since 1956, however, ouraggregate imports of industrial materials have been relativelystable. Their value in the first 9 months of 1957 amountedto about $7.2 billion at an annual rate, the same as inJanuary-September 1956.

By way of contrast imports of food and beverages, whichfrom the standpoint of dollar value comprise the next impor-tant category of imports, have exhibited a considerablydifferent pattern since 1953, rising in one year and decliningin the next. In the case of foodstuffs the volume of importshas consistently moved in a direction opposite from that ofprices, with a consequent smoothing out of fluctuations interms of dollar values. In the case of raw materialsimports—which as a group are less elastic than food import?with respect to price changes—both volume and prices havl*tended to move up and down together thus accentuatingfluctuations in dollars. January-September 1957 stands outas the only period since 1953 during which changes in theprice and volume of raw materials imports were offsetting,and even in that period the changes involved were relativelyminor.

Since 1954, fluctuations in imports of materials and equip-ment used in or otherwise associated with farm output haveaccounted for only an insignificant portion of the changes intotal imports. While the 3-year downswing in this categoryof imports was reversed in January-September 1957, suchimports were still below the rate of 1953.

The distinct uptrend throughout most of this period inimports of finished (nonfood) consumer goods and nonfarmcapital equipment contrasts with the irregular behaviorof imports in the three categories discussed above. Importsof nonfood consumer goods in 1957 were at an annual rateapproaching $1.5 billion, having nearly doubled since 1953.During the third quarter of 1957 such items accounted for13 percent of our total merchandise imports as comparedwith 10 percent a year earlier and about 7% percent in 1953,

The 3-year rise in imports of capital equipment (excludingagricultural machinery) brought their total value for 1957well over double the value in 1953. Nevertheless, capitalequipment imports comprised only about 2.5 percent oftotal imports in 1957.

Diverse trends in these five major end-use categories ofimports illustrate the problems involved in generalizingabout total United States import demand and point up thenecessity of considering such differential movements of themajor parts. It will be made clear in the discussion belowand with the aid of table 4, moreover, that the behavior ofindividual economic categories of imports can be explainedonly partially by corresponding movements in closelyassociated indicators of domestic demand.


January 1958 SUEVEY OF CUEEENT BUSINESS 15

Imports and manufacturing output

Table 4 shows that from 1953-56 the overall demand forimports of industrial supplies and materials moved in thesame direction as total domestic manufacturing activity,with year-to-year fluctuations in the volume of importsrelatively greater than corresponding changes in manufac-turing output. In January-September 1957, however, thevolume of imports of industrial materials actually was offslightly from a year earlier while manufacturing productionwas up by 2 percent.

The explanation for such a lack of correspondence between'relative changes in the volume of industrial materialsimports and domestic manufacturing output lies partly inthe composition of the imports themselves. This is broughtout in table 4 which subdivides imports of industrial materials

into major value components. Imports comprising eachof the four major subgroups are associated with individualindicators of domestic demand which have generally dis-played patterns quite different than that traced by totalmanufacturing production over this period. Imports ofnumerous leading industrial materials, moreover, have beeninfluenced to a major extent by changes in Governmentstockpile purchases as well as in business demand. Inaddition to such changes in demand, shifts in the relativeimportance of imports and domestic production as sourcesof supply have also accounted for many of the recent changesin imports of key materials.

Changed role of oil and newsprint importsThe outstanding advances since 1953 in imports of petro-

leum, the bulk of which have been supplied by American-

Table 4.-—Imports by Major Economic Categories and Related Indicators of Domestic Demand, 1953—57

Import categories and domestic demand indicators

Total General ImportsUnit value _Value in constant dollars

Domestic indicators:Gross national product in constant dollarsGross national product in current dollars

Imports of industrial supplies and materials, totalUnit valueValue in constant dollars _ _ _ _

Domestic indicator:F. R. B. manufacturing production, total.. _

Imports of petroleum and products _ __Unit value _ _ _ _Volume in million barrels

Domestic indicator:Domestic petroleum demand

Imports of newsprint and paper base stocksUnit valueValue in constant dollars

Domestic indicator:Disposable personal income in constant dollars

Imports of other materials associated with nondurable goods output _Unit valueValue in constant dollars , „_ _ , _ _ ^

Domestic indicator:F. R. B textiles apparel and leather production

Imports of all other industrial supplies and materialsUnit value _ - - _ _ _ _ _ _ _ _ _Value in constant dollars

Domestic indicators:F. R. B. durable goods productionPrivate residential construction (volume)

Imports of food, hftvp.ra.gfis and tried initialsUnit valueValue in constant dollars _ _ _ __ __ __Pp,r napita imports: in current dollars

in constant dollarsDomestic indicator:

Per capita consumption of all foodstuffs (volume)

Imports of materials and equipment associated with farm productionUnit value «_ _ _Value in constant dollars

Domestic indicator:Gross farm production- _ _ _ _

Imports of finished (nonfood) consumer goods . .Domestic indicator:

Disposable personal income in current dollars _

Imports of capital fiqnipmp.nt (p.xp.lndinp' agricultural mar>Mnp,ry)

Imports of military equipment, noncommercial and all other items

Calendar year

1953

Millioncurrentdollars

10,873

6, 047

762

896

1,238

3,151

3,191

499

817

152

167

1954


10,215

5,368

829

884

1,019

2,636

3,275

435

844

144

149

Percentchanges

from1953

-6+3—9

—1—1

-11—2-9

-7

+9+6+2

+2

-1(x)

-2

+1

-18+2-19

-7

-16-6

-11

—10+12

+3+7

+1—6

0

-13-2

-11

0

+3

+2

-5

-11

1955


11,384

6,454

1,034

932

1,200

3,288

3,092

419

1,078

172

169

Percentchanges

from1954

+11

+12

+7+9

+20+6

+13

+10

+25+2

+20

+9

+5(x)

+5

+6

+18-3

+21

+9

+25+13+10

+13+18

-6Q

+4-7+2

+1A

(x)-4

+4

+28

+6

+19

+13

1956


12, 615

7,234

1,282

1,031

1,247

3,674

3,173

413

1,274

291

230

Percentchanges

from1955

+11+2+9

+3+6

+12+4+8

+3

+24+7

+14

+4

+11+4+7

+5

+4

+8

—1

+12+6+6

+3—10

+3—3

1?+4

+1

-1-2+1

0

+18

+6

+69

+36

January-September

1956


9,447

5,392

949

765

960

2,718

2,474

322

893

205

161

1957


9,639

5,397

1,148

729

929

2,591

2,363

345

1,105

240

189

Percentchanges

fromJanuary-

September1956

+2+2

(x)

n. a.+5

(x)+1

+2

+21+13+12

Or)

-5+1-6

n. a.o

+3

-2

-5-5

(x)

+3-10

-5+6-10-6

—11

i-l

+7+2+5

10

+24

+5

+17

+17

n. a. Not available.(x) Less than one-half of 1 percent.1. Annual change, preliminary.Source: U. S. Department of Commerce, Office of Business Economics.


16 SUKVEY OF CUREENT BUSINESS January 1958

owned producing facilities abroad, have far overshadowedthe corresponding increases in imports of other types ofindustrial materials. Oil imports reached a value of approxi-mately $1.5 billion in 1957, having accounted for over one-fifth of all imports of industrial materials during that year.

The accompanying chart shows that although in 1955 and1956 increased domestic output of oil added a far largerabsolute increment to our petroleum supply than imports,imports still accounted for a rising proportion of total newsupply in those years. It is true that the rise in oil importsduring the first half of 1957 as compared with January-June1956 was overshadowed by the corresponding increase inexports to offset foreign importers' loss of petroleum sup-plies from the east. In the third quarter of 1957, however,when such emergency exports had virtually disappeared, thevolume of imports was nearly 19 percent above, and domesticproduction 3 percent below the corresponding figures the yearbefore.

At the end of July 1957 quotas for the fiscal year 1957-58were recommended for all imports of crude oil except thosearriving on the west coast. In December 1957 quota recom-mendations were extended to include the west coast. Totalcrude oil imports provided under these quotas during Jan-uary-June 1958 would still be 8 percent above the rate in thefirst half of 1957.

Relation of Foreign Trade to Domestic Business

Petroleum and Newsprint account for one-third oftotal industrial materials imports

PETROLEUM: Imports provided a larger share of demand

NEWSPRINT: Imports furnished a smaller share of demand

NEWSPRINTMillion

Short Tons

"" 8

- 6

— 4 -

- 1!1 i-

1953 54 55 56 1953 54 55 56 57*


APPAREL WOOL: Lowered consumption and changes in domesticsupport programs reduced imports

Imports

APPAREL WOOLMillion Pounds

(clean content)

400

- , 300 —

- ZOO -

— too -

- 3CC

IX>N

IDMSU

I

ESU

ITl<PTI

ION 1-

1953 54 55 56 57

* Annual rate based upon first 9 months

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

1953 54 55 56 57"

Bas ic Data: Census Bur. and Agrl. Dept

58 -1 -8

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

es 8 80SA

58-1 -7

The supply-demand picture for newsprint depicts a devel-opment contrary to that occurring in the case of petroleum.Although the supply of imports was expanded during 1955and 1956 in response to our growing consumption of news-print in those years, domestic production increased at amuch faster rate than imports. In 1957, as domestic con-sumption dipped slightly below the rate of 1956, importsfell off for the first time since 1953, in contrast to domesticproduction which chalked up a further annual gain of about14 percent.

Imports associated with soft goods output

The next major group of imported industrial materialsshown in table 4 consists mainly of supplies used in themanufacture of finished textiles and leather goods. It isapparent that since 1953 fluctuations in this group of imports,as expressed in terms of constant dollars, can be accountedfor only to a limited extent by corresponding changes inoutput of related domestic manufacturing industries. Therise in such imports which had begun in 1955 was not inter-rupted until 1957 although the index of domestic textile andleather manufacturing had turned downward a year earlier.

In order to explain these contrasting movements it isnecessary to examine separately the movement of the twomajor types of imports within this group. The first typeconsists mainly of semifinished textiles while the secondcomprises unmanufactured fibers and other crude materialssuch as hides and skins.

The bulk of the decline in imports from 1953 to 1954 wasaccounted for by crude materials, particularly unmanufac-tured wool, cotton, and hides and skins. In 1955 and 1956,hides and skins remained well below the 1953 rate andimports of raw fibers made only scattered and limitedrecoveries, but imports of semifinished textiles such ascotton and wool cloth established new records. The out-standing advances in imports of semifinished textiles during1955 and 1956, together with the major gains over the sameperiod in imports of apparel, house furnishings, and otherfinished textiles and leather products (which are includedin the category of nonfood consumer goods and shownseparately in table 5) suggest that imports have had a


Tiinutiry 1958 SURVEY OF CURRENT BUSINESS 17

greater influence on related manufacturing output thansuch output has exerted on imports.

This was, in effect, recognized when an executive orderwas issued on September 30, 1956, increasing by 20 percentad valorum duties on imports of wool fabrics which in anycalendar year exceed 5 percent of annual domestic produc-tion in the preceding 3-year period. In the last part of1957, such imports fell off substantially as increased importduties under the order became effective at the end of July.An agreement with Japan whereby, beginning January 1,1957, Japan agreed to place annual ceilings on exports ofvarious types of cotton cloth to the United States, has sinceeffectively reduced imports of cotton textiles, particularlyginghams and velveteens.

Increased use of domestic vs. foreign wool

Since the decline in 1954, imports of apparel wool haveconsistently been less than in 1953 and during 1957 fell totheir lowest rate since 1939. While the ups and downs insuch wool imports since 1953 have coincided with similarmovements in domestic consumption, imports in each yearfrom 1954-57 were much lower than their ratio to consump-tion in 1953 (see chart).

Since the passage of the National Wool Act of 1954 whichremoved wool from the price support program and substi-tuted incentive payments to domestic wool producers, theentire domestic wool clip has moved into marketing channels.In the 2 seasons prior to the effective date of this act (April 1,1955) a, large portion of the domestic clip, which carrieda price tag higher than comparable foreign wools, had movedinto Government inventories. During the 3 subsequentyears, not only has the entire domestic output of wool beensold on the open market at prices reflecting world supplyand demand, but Government holdings acquired in 1952-54have been substantially liquidated through competitive bidsales. Hence, although domestic wool production has evendeclined slightly since the act became effective, consumptionof domestic wool rose sharply in 1955 and 1956 and in thefirst half of 1957 was maintained at the high rate of January-June 1956.

As Government inventories are now exhausted and privateholdings have become exceedingly low, it appears thatlarger imports will be required, even though the present rateof consumption, affected as it is by the growing usage ofsynthetic fibers, is the lowest since 1938.

Since the entire United States supply of carpet wool comesfrom foreign sources, changes in imports are more closelylinked to trends in consumption. The drop in importsduring the first half of 1957 as compared with January-June1956, however, was much greater than the correspondingdecline in consumption as rising prices induced consumers todraw upon inventories to meet demand.

Imports associated with hardgoods output

Commodities used in the production of durable goods andin residential construction comprised about half of the totalimports of industrial materials. While in each of the years1953-56 the volume of imports moved in the same directionas the index of domestic durable goods production, theannual changes in imports since 1954 only roughly paralleledthe movements in such associated manufacturing output.In the first 9 months of 1957 imports were about the same asa year earlier. Production of durable goods increased by 3percent over 1956 but residential construction was off by 9percent.

Some of the more important factors underlying the changesin this group of imports relative to demand in associated


ALUMINUM and COPPER: Imports furnished a smaller share of demandALUMINUM

Imports

- 2 . 0 -

j DOMESTICPRODUCTION,

W,

Exports

DOMESTICCONSUMPTION

COPPER

IRON ORE: Imports spurted ahead

IRON OREMillion

Long Tons

" 200 ~

- loo -

- 50

0

LEAD: Imports higher LEADMillion

Short Tons

J.5

1953 54 55 56 57** Annual-rate based upon first 9 months

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

1953 54 55 56

-1I \I57 *

Basic data: Census Bur. andBur. of Mines

58-1-9

450946°—58


18 SURVEY OF CURRENT BUSINESS January


RUBBER: Imports did not share in rising demand

Imports

RUBBERThousandLong Tons

2>QQO

- ^500 -

- i»Q0Q -

- soo -

0,

Exports

1953 54 55 56 57*f Annual rate based upon first 9 months

U. S. Departm«nt of Co

1953 54 55 56

and BDSA

5 8 - 1 - 1 0

domestic industries are revealed in the accompanying chartsfor metals, rubber, and lumber, which are among the promi-nent individual items comprising this category.

Whereas domestic demand for aluminum was up morethan a fourth in 1956 as compared to 1953, imports during1956 were down by at least one-fourth from the rate of 1953(see chart). Over the relatively brief period from 1953-56,annual domestic production of aluminum expanded by over440 thousand tons, an amount about equal to the corre-sponding increase in domestic consumption.

While the downtrend in aluminum imports was temporarilyinterrupted in the first half of 1957 it was resumed in thefollowing months as domestic aluminum companies, whichare major importers as well as producers of aluminum, cur-tailed their import purchases. The Government, which in1957 began purchasing surplus aluminum from domestic pro-ducers in accordance with earlier agreements, later in theyear announced that its purchases would henceforth be re-duced by any amount of aluminum which these producersobtained from abroad.

Whereas from 1953 to 1956 our output of copper expandedby 230,000 tons, domestic use of copper rose by only one-fourth this amount. In contrast to copper imports whichsince their decline in 1954 have not regained the 1953 rate,the current pace of exports is well over 3 times as much as in1953. The trend toward reduced dependence on copper im-ports was particularly apparent during the first 9 months of1957. In response to the decline in domestic consumptionwhich occurred during that period, domestic production wasmaintained only slightly below the record rate of 1956, whilenet imports fell by nearly two-thirds as compared with a yearearlier.

Producers' inventories of copper at the end of August 1957reached the highest point since the end of 1945 and priceshave toppled to 46 percent below the 92-year high set in thefirst part of 1956.

Competition between synthetic, natural rubber

Whereas in 1953 and 1954, respectively, natural rubber hadaccounted for 41 and 48 percent of this country's total con-sumption of new rubber, in 1957 its share had slipped to lessthan three-eighths of the total.

In 1956, the first full calendar year during which the syuthetic plants were operated by private business, consumptio;of natural rubber fell off by about 70,000 tons from a yeaearlier while consumption of synthetic was maintained neathe record rate of 1955 and exports were stepped up by nearly60,000 tons. In January-September 1957 consumption onatural was relatively stable while the increase in total rubbeusage was accounted for entirely by greater consumptioiof synthetic. In 1957 both production and exports of synthetic promised to exceed the records set in the precedingyear.

At its peak in September 1955, the spot price of naturarubber, after a climb of 19 months, was nearly twice that othe synthetic product. Prices for natural rubber subsequentlyturned down and continued to weaken throughout most o:1957, but the price advantage has continued on the side 01synthetic rubber.

Lumber hit by housing slumpAs home-building activity eased off in 1956, the dip in net

imports of lumber was relatively somewhat smaller than thecorresponding cutback in domestic production. During Jan-uary-September 1957, however, net imports of lumber felloff by nearly one-fourth as compared with a year earlierwhile the corresponding dip in domestic lumbering activityamounted to about 10 percent. Nevertheless, lumber im-ports continued to be far greater in value than all otherbuilding materials combined.

As evident from the chart, the recent behavior of imports


LUMBER: Imports followed trend of domestic construction

LUMBER

- 40 -

Exports

mDOMESTIC

CONSUMPTION

PLYWOOD: Strong uptrend in hardwood imports

HARDWOOD PLYWOODBillion

Square Feet

1953 54 55 56 57*

Annual rate based upon first 9 months

U. S. Deportment of Commerce, Office of Business Econoi

1953 54 55 56

id BOSA

58-1-11


January 1958 SUEVEY OF CURRENT BUSINESS 19

and consumption of hardwood plywood has differed consid-erably from the behavior of lumber and other building mate-rials. Reflecting a continued series of large gains since 1953imports of hardwood plywood (mainly lauan from Japan) inthe first 9 months of 1957 were at an annual rate 4 times ashigh as in 1953.

Rising arrivals of iron ore from abroad

The large expansion in imports of iron ore relative to totalnew supply contrasts sharply with our declining reliance onimports of aluminum, copper, and rubber (see chart). Where-as in 1953 the contribution of imports to our total supply ofiron ore had amounted to 9 percent, by 1956 the share of im-ports in new supply had jumped to nearly 25 percent. Sincein 1957 imports expanded at a somewhat lesser rate than inthe preceding year, while corresponding domestic produc-tion—unhampered by strikes in the steel industry—rosesharply, the share of imports in new supply declined moder-ately from 1956.

It has been estimated, however, that by 1975, notwith-standing the large-scale recent exploitation of taconite de-posits in the Lake Superior region, over 40 percent of theNation's iron ore requirements will be supplied by receiptsfrom foreign mines—mainly in Canada and Venezuela whereAmerican-owned companies have developed vast new sourcesof high-grade supplies.

Import share of lead and zinc supply rises

In 1957 when imports of both lead and zinc were substan-tially increased, notwithstanding the lower rate of consump-tion than in 1956, the share of imports in our total supplybecame appreciably higher than during a year earlier,especially since domestic output had been cut back aroundthe middle of the year. Since 1956, increased Governmentpurchases have taken up excess supplies of lead, thus headingoff an accumulation in privately held inventories. Althoughdeliveries of zinc to Government inventories were also steppedup over the same period, commercial zinc stocks rose signifi-cantly and prices dropped sharply after April.

Government stockpiling affects other items

While most other major commodities comprising the re-maining segment of our raw materials imports are not pro-duced domestically, imports of such items have been affectedto a large extent by Government stockpiling policies andother factors aside from the current rate of consumption.

The volume of tin imports in January-September 1957 was20 percent lower than during a year earlier and about 45percent less than in 1953. Not only had tin ore disappearedentirely from the import picture since the sale by the Gov-ernment of the Texas City smelter in January 1957, but tinmetal imports had been gradually reduced due to the cur-tailment, and finally the completion in 1956, of Governmentstockpiling purchases.

The inverse relationship between changes in imports ofmanganese and movements in domestic steel productionduring the past 3 years can also be explained to a large extentby changes in Government stockpile purchases. In the caseof chrome ore, the all time record for imports set in 1953 hassince been unequaled as Government purchases in morerecent years have been less than one-half as large as in 1953.

The reversal during 1957 of the 3-year uptrend in importsof industrial diamonds can likewise be attributed to a majorextent to the Government's suspension of stockpiling pur-chases on January 1, 1957. Recently, a new competing

Coffee and Cocoa Account for NearlyHalf of Our Foodstuff Imports

Demand influenced by changes in prices

Million Pounds(bean equivalent)

4,000-

Import Price3,200** (cenfs per pound)

52.7

2,400*-

1,600-

800 -

1,000-

800 ~ Import Price(cents p&r pound): ,

29.6

600-

400-

200-

) COFFEE |

COCOA [

1953 1957*1954 1955 1956A N N U A L T O T A L S

* Annual rote based upon first 9 months

Basic data . Census Bur, Agri. Dept, and BDSA

U, S. Department of Commerce, Office of Business Economics 5 8 - 1 - 1 2

domestic industry has announced a program to produce3.5 million carats of synthetic diamonds by the end of 1958.This quantity is equivalent to 25 percent of the annual rateof imports during the first 9 months of 1957.

The rise in nickel imports during 1957 was due mainlyto a reversal in the previously tight supply situation. Asproduction expanded in nearby Canadian and Cuban sources,the Government suspended its purchases after the thirdquarter of 1956. Industrial consumers have since increasedtheir imports more rapidly than their current requirementswith the result that privately held inventories of nickel onOctober 31, 1957, were three times as much as on the samedate a year earlier.

Decline in per capita food imports

The volume of food imports set a new record in 1956,exceeding by 5 percent the previous all time high in 1953.In January-September 1957 such imports fell back near therate of 1954, having declined by over 9 percent from a yearearlier (see table 4). On a per capita basis the quantity offood imports in January-September 1957 was the lowestsince 1942. The decline in per capita food imports over thisperiod contrasts with the trend in domestic per capita con-sumption of all foodstuffs combined. While the latter had


20 SURVEY OF CURRENT BUSINESS

Table 5.—Imports of Finished (Nonfood) Consumer Goods

January 195£

Commodity

Total Finished (Nonfood) Consumer Goods

Apparel and other textile and leather goodsAutomobiles and parts. _. _ .Gem diamondsOther jewelry and watchesPottery and glasswareToys., athletic and sporting goods .Cutlery, hand tools, and other steel productsPhotographic goods _ __ . . . _ _Bicycles and other vehicles (excluding aircraft)Artworks ._Sewing machines and parts - __ _ - _ .Radio-phonos, electrical appliances, lamps _ __ _ .Other and miscellaneous

Value in million dollars

Annual

1953

817

17152

108125411719252722255

180

1954

844

16752

123109472026203627236

188

1955

1,078

24283

152117572832274442317

216

1956

1,274

2891411621297139393344363313

245

January-September

1956

893

20994

11785492928243224248

170

1957

1,106

223222106955434333130302517

206

Percent

Annual

1953

100.0

20.96.4

13.215.35.02.12.33.13.32.73.1.6

22.0

1954

100.0

19.86.2

14.612.95.52.43.12.44.33.22.7.7

22.2

1955

100.0

22.47.7

14.110.95.32.63.02.54.13.92.9.6

20.0

1956

100.0

22.611.112.710.15.63.13.12.63.52.82.61.0

19.2

January-Septembei

1956

100.0

23.410.513.19.55.53.33.12.73.62.72.7.9

19.0

1957

100. (

20.120.19.(8.(4.£3.!3.t2.?2.72.72.31.5

18.6

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

dipped slightly in 1957, it continued to be at least as highas in 1955 and slightly above the rate of 1953 and 1954.

The volume of imports of a few food items such as fishand products and alcoholic beverages experienced a steadyrise since 1953, variations in sugar arrivals have been rela-tively minor, but coffee and cocoa have displayed large andirregular fluctuations.

Coffee and cocoa sensitive to price changesWith the recovery in coffee use which followed the break

in prices after the middle of 1954, imports rose considerablyfaster than consumption so that by the end of 1956 inven-tories had been rebuilt to about as high a point as at theclose of 1953. In 1957 coffee consumption rose to the high-est rate since 1949 but imports in January-September 1957were one-eighth less than the rate of a year earlier. Theconsequent reduction in stocks brought domestic holdingsat the end of October 1957 to the lowest point since Sep-tember 1955.

During most of 1957 the decline in spot prices for Brazilianand Colombian coffee had provided a strong inducement forroasters to postpone purchases and draw down inventories.The situation has recently changed, even though the outlookis still for a world surplus of coffee relative to consumption.The carryover in producing countries at the end of the 1957-58 crop year is expected to be the largest since 1946-47.Yet coffee prices have strengthened considerably since thesigning of the Mexico City Coffee Agreement on October 18.

While the total volume of coffee consumption in 1957exceeded the high rate of 1953, per capita usage of coffee in1957 was considerably lower than in 1953. The decline inper capita consumption since 1953 reflects the rising portionof total green beans processed into instant coffee, which hasincreased from 10 to 17 percent. Such soluble productsprovide 15 percent more liquid coffee than can be brewedfrom the same quantity of regular coffee. Moreover, fromeach pound of regular coffee, one-third more cups arecurrently being extracted than in 1949.

Reflecting a continuous downtrend since the latter partof 1954, cocoa prices in 1956 averaged the lowest since 1949while consumption rose to a rate exceeded only in 1950.Since during the first 3 quarters of 1957 import unit valuesremained relatively low, consumption has continued on theupgrade and may establish a new record for the year.Nevertheless, imports in 1957 were 7 percent lower than ayear earlier. Encouraged by the near doubling of spotcocoa prices since March 1957, cocoa processors in the sec-ond quarter finally began to dip into heavy inventories ac-cumulated during 1953-56.

Auto imports rising

The more rapid rise in imports of finished nonfood con-sumer goods than in disposable personal income in recentyears can be attributed primarily to the growing popularityof foreign-type passenger cars, particularly among consumersdesiring distinctive but low-priced vehicles.

Table 5 shows that although other items such as apparel,textile and leather goods, pottery and glassware and toyscontributed substantially to the strong uptrend in totalconsumer goods imports, automobiles showed the outstandinggains particularly in 1956 and 1957. Total arrivals offoreign cars in January-September 1957 were at a ratewell over double that of a year earlier and five times the ratein 1953-54. Such imports, nevertheless, continued toaccount for a relatively small portion of the domestic auto-mobile market.

Growth in Operating Business Concerns(Continued from page 6)

typical proportion for retailing which is the only majorindustry division where a new proprietor is more apt toacquire his business by transfer than by starting a newestablishment.

Industrial and commercial failures—as compiled by Dunand Bradstreet, Inc., and representing only those firms dis-continuing business with a likelihood of loss to creditors—continued to rise in number in 1957 but at a rate half thatof 1956. The total of 13,739 failures in 1957 was 8 percenthigher than in 1956, while the latter year was 16 percenthigher than 1955.

Although the failure rate has risen slightly in recent years,the current rate of 52 per 10,000 concerns listed in the Durand Bradstreet Reference Book is considerably below therates of other high level activity years in the immediateprewar period and in the twenties. The comparable rate in1940 was 66, while the typical rate in the twenties was about100 per 10,000 firms.

Failures increased in 1957 from the previous year in allmajor industry divisions except wholesale trade where thenumber was about the same. Construction failures againincreased relatively the most, about twice the all-industryaverage. A comparison of construction failures in 1957with 1956 shows, however, that although a rise of 25 percentoccurred for the first half of the year, the increase for theJuly-November period was 8.5 percent, or about average.


* BUSINESS STATISTICSTHE!\ STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement

to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 andmonthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthlyfigures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and adagger ( f) , respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEYbeginning with the July 1957 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonalvariation.

Statistics originating in Government agencies are not copyrighted and may be reprinted freely,through the courtesy of the compilers, and are subject to their copyrights.

Data from private sources are provided

Unless otherwise stated, statistics through 1956 anddescriptive notes are shown in the 1957 edition ofBUSINESS STATISTICS

19

Novem-ber

56

Decem-ber

Janu-ary

Febru-ary March April May

19

June

57

July August Septem-ber October Novem-

berDecem-

ber

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT

Seasonally adjusted quarterly totals at annual rates:National income, total bil of do!

Compensation of employees, total doWages and salaries, total do

Private - doM ilitary doGovernment civilian _ _ _ _ _ d o

Supplements to wages and salaries do

Proprietors' and rental income, totaled doBusiness and professional of 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 do

Net 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. of dolFederal (less Government sales) do

National security 9 _ _ _ 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:Total personal income -..bil. of dol_-

Wage and salary disbursements, total doCommodity-producing industries doDistributive industries doService industries doGovernment do

Other labor income doProprietors' and rental income . _ doPersonal interest income and dividends doTransfer payments.. _ doLess personal contributions for social insurance

bil. of dol. _

Total nonaericultural income do

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

—3.2

12.3

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. 7

12.5

429.1

276.735.9

137.3103 4

62.732 830.7— 8

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

358 1

254.0238 6199 1

9 729.715 4

50 728 711.710 4

40 742 021 420 5

—1 3

12.7

434.3

278.935 0

139. 1104 9

65.032 730.5

1. 7

3.5

86.951.146 335 8

342 842 9

299.9

21 0

344.8

240.1103.363 833.239 8

7 950.931.221 5

6.8

329.3

346.2

240.9103.064 533.440 0

7 951 631.421 3

6.9

330.5

346.8

241. 7102.864 733.740 5

8 051 231.621 2

6.9

331.3

362.2

257. 0241. 3200.9

9.830.615.7

51.329. 111.810.4

40.941.821.320.4-.9

13.0

439.0

283.635.0

142. 5106. 1

65. 533.030.52.0

3.2

86.750.645.836 1

346 543.8

302.9

19.3

346.6

241.5102.264 833.940 6

8 051. 131.621.2

6.8

331.3

345.9

240.1101.364 334.040 5

8 050 831.722 1

6.8

331.0

345.4

«• 239. 5r 100.9' 64 2

34 140 3

8 0T 50 4

31.722 6

6.8

' 330. 3

342.8

238.8100.064 334 240 3

8 050 429.722 7

6.8

327. 3r Revised.cf Includes 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 natioHal product above.

S-l


S-2 SURVEY OF CURRENT BUSINESS January 1958


1956

Novem-ber

Decem-ber

1957

Janu-ary

Febru-ary March April May June July August Septem-

ber October Novem-ber

Decem-ber

GENERAL BUSINESS INDICATORS—Continued

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly totals:All industries - mil. of dol..

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

Mining doRailroads do .Transportation, other than rail. doPublic utilities doCommercial and other - - do

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

Manufacturing doDurable-goods industries. doNondurable-goods industries do

Mining - _- do. ._Railroads - - doTransportation other than rail doPublic utilities - ... - doCommercial and other do

FARM INCOME AND MARKETINGS!

Cash receipts from farming, including Governmentpayments total _ mil. ofdoL

Farm marketings and CCC loans, total doCrops - - doLivestock and products, total 9 do

Dairy products - doMêat animals doPoultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities 1947-49=100Crops - - do_Livestock and products do

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

Crops do-Livestock and products do

INDUSTRIAL PRODUCTION

Federal Reserve Index of Physical Volume

Unadjusted combined index 1947-49=100

IVIanufactures doDurable manufactures . _ - _ _ do

Primary metals 9 doSteel - - d o _ _ _Primary nonferrous metals do

Metal fabricating (incl. ordnance).- _ . do-Fabricated metal products do. _Machinery - do-

Nonelectrical machinery do_-Electrical machinery " do

Transportation equipment 9 - do.. ..Autos doTrucks _ do _ _Aircraft a n d parts _ _ _ _ _ _ _ d o

Instruments and related products doFurniture and fixtures _ doLumber and products doStone clay and glass products doMiscellaneous manufactures - _ _ d o _ - _

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 _ _ _ _ _ d o _ _ _

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

3,425

3 3351,8911 444

355771301

137176106

158182140

147

149166146159169

181138178152227

218164102601174122117161150

132117119148100110109

11110510986

108100162159

144181199143152129

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

125106108138999893

8799

10478

10195

145142

142181199145158132

2,615

2, 5711,1871,384

373766215

105110102

120113126

145

146164146160170

181136175158208

-22517498

624173118104148136

128101104139959086

11010110874

113102157158

136184205148160147

2,049

2,018802

1,216352627208

837589

9778

111

148

149167

' 148160167

185138177160210

231178113630174119112151137

131103104133969793

11410511181

119115161160

139186207145154148

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

110105

11110611179

126115163159

144186206139149148

1,950

1 928557

1 371393711231

7952

101

9046

123

144

146163140147175

179140169157194

222155120630174117117155137

12810410212398

110102

10499

10378

110106161159

143184206137145135

2,057

2 036566

1 470433759232

8453

108

9649

132

143

144159134142171

174136166154189

•> 213144113608171115118158137

12910710412499

119107

11310010681

11298

158157

142184206139148133

9,590

4 1832 1202 063

327362478

1 5102 730

37 03

16 258 317 94

1.281 351 825 93

10.40

2 317

2 070747

1 323415654220

856997

9770

118

145

146162136140167

176139168153197

216156119606171118131159139

130116111120102137122

12110010387

109105161155

140179200139147132

2,610

2 4411 0181 423

394776230

10095

104

11197

122

135

136150118128157

167134158146182

203134103597168116105150131

122115114116104121104

1028385679692

139132

134174194139146112

2,715

2 5791, 1031 476

381824253

106103108

116106124

145

146159128134160

173141166143211

206148103588172124125163144

133122123118103119100

12010010482

115112165157

136181200144152135

9,357

4,0101,9952,015

314358447

1,7202,508

37.75

16.378.238.14

1.241.541.816.64

10.15

2,954

2,8471,3641,483

365831267

117127109

130135126

145

147159128134153

172144171148217

1908484

574174125121162150

135128131130102116106

11810110579

110105163153

144185205144152139

3,610

3,5101,8041,706

3751,003

306

144168125

167190149

145

147••157

129134156

171141168

'144217

'19488

'92564172124119

r!61148

136'124

126140101119115

11999

10471

109104170163

'146' 190

208'139'145

145

3,267

3,2051,6871,518

363826312

131157111

151178130

141

143155

'121126158

171'138' 163' 139'211

'207171'99

' 536' 173'119

106' 153

142

131114116133101

9710465

106

164156

' 145188207

'135144135

1 9, 805

4,3512,1732,178

313329517

1,8432,452

i 37. 47

16.167.938.23

1.201.222.036.62

10.24

P134

P135P148*>109*107

*166v 133f 158J>139v 194

P201P 151p91

P539P168P119

P 145P135

P123

*142

P136

* Revised. * Preliminary.* Estimates based on capital expenditures of business; those for the 1st quarter of 1958 appear on p. 6 of the December 1957 SUKVEY.9 Includes data not shown separately.^Revised annual data for 1951-56 (monthly, January 1954-May 1956) for farm income and marketings appear on p. 23 of the November 1957 SURVEY; those for the indexes of cash receipts

and volume of marketings will be shown later.


January 1958 SURVEY OF CURRENT BUSINESS S-3


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

GENERAL BUSINESS INDICATORS—ContinuedINDUSTRIAL PRODUCTION— Continued

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

Minerals _ 1947-49-100Coal doCrude oil and natural gas doMetal mining _ __ _. _ _ doStone and earth minerals do

Seasonally adjusted, combined index do

Manufactures doDurable manufactures do

Primary metals _ _ do

Metal fabricating (incl. ordnance) doFabricated metal products doMachinery. _ _ _ _ _ _ _ d o

Nonelectrical machinery doElectrical machinery _ _ __ do

Transportation equipment.. _ _ doAutos, trucks, and parts do

Instruments and related products doFurniture and fixtures. _ doLumber and products doStone, clay, and glass products doMiscellaneous manufactures ___ __do _

Nondurable manufactures doFood and beverage manufactures do

Food manufactures doBeverages. . . do

Tobacco manufactures do._ _Textile-mill products _ _ d oApparel and allied products do

Leather and products doPaper and allied products doPrinting and publishing doChemicals and allied products. . __ do

Industrial chemicals . doPetroleum and coal products doRubber products do

Minerals doCoal . . doCrude oil and natural gas _. _ _ . doMetal mining doStone and earth minerals _ do

CONSUMER DURABLES OUTPUTUnadjusted, 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 do

Major consumer durables doAutos _ doMajor household goods do

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

Other consumer durables. _ _ _ _ _ d oBUSINESS SALES AND INVENTORIES^

Manufacturing and trade sales (seas, adj.), totalbil. of doL.

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

Wholesale trade, total doDurable-goods establishments doNondurable-goods establishments do. _

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

Manufacturing and trade inventories, book value, endof month (seas, adj.), total bil. of dol_.

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

Wholesale trade, total doDurable-goods establishments doN ondurable-goods establishments do

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

13090

149114144

146

147165146

180139175155214

216137172119119157144

129114113115109103108

104160139177195143126

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

223143173120117158144

130114113117107103110

102157140179199145137

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

15891

128

146

147164

r 143

180137173154208

••222139173118114155140

131111111113112100109

102159141184205147145

13182

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

'•225140174118113155136

131113113111116101110

106157141183205143145

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

13188

15695

133

145

147162137

179137172155204

222135173118111155137

131113113115111101111

107157141182202141142

13392

152121143

142

155171143116151196111

134

144159132113133185111

56.2

28.414.214.2

11.44.47.1

16 35 7

10.6

89.9

53.331 222.1

12 86.56.3

23 710 713.0

13183

155111137

143

145160134

176140166151196

217126172121113155140

12911011110810999

109

106156141183204142131

13087

151118140

130

140155128113131159107

124

131141124114119167109

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

13282

153135145

143

145159132

175136168152199

213124171121115158139

13011111111111098

113

102158142185206142130

13082

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

13088

145150148

144

146162132

177139171151209

215127171121125157142

130112112115111100113

106159141182198138129

12786

146119142

131

140156129110131180108

129

137144133113123226108

56.4

28 114 213.9

11 44.37 1

16 85 8

11 0

90.7

53 931 422.4

12 76.66.1

24 110 813.3

12365

145137149

144

146161132

177141173152214

210123173124114155141

13011411510811497

113

103156140185205139133

12783

147112143

116

121134110105105143106

129

137134142118126959111

57.4

29 014 614.5

11 44.37 i

17 05 8

11 2

91.0

54 131 722.4

12 76.76.0

24 110 813.3

13086

'145139154

145

147162136

177140173152213

209127175122120160144

13111311311211099

111

105163140186204141144

12984

r 149118145

132

139148133115109256116

133

141145138116123248114

57.0

28 614 314.3

11 44.27 2

17 05 7

11 3

91.3

54 201 7

22. 5

12 86.76.1

91 3

11 013.2

13086

147137152

144

146159131

174140170151207

205123174121114159146

132113113112113101113

103161142185207143137

12982

151119144

119

11884

1501191419fiS121

129

1 34

140115134007n fi

56.3

28 214 114.1

11 24.17 1

-I f Q

5 7

11 2

91.3

54 2O1 Q

22.3

6.76.1

94 4

n -i

13.2

'12987

' 146124

' 151

141

142154

r 128

'168136162146194

'200'118

170119110

'153'139

13011111111110997

110

101' 161

142' 185

206' 139

136

r 12%

80' 151' 114

142

119

11988

' 147r H6

133282

r 120

121

r 125-1 10

134r 110

129215

'112

55.7

r 28 113 914.1

11 03.97 0

16 7c a

11 1

'91.1

54 1r O-J 0

22.3

6.76.1

94. 9

'13.3

'12380

'144

141

139

' 140153

' 121

' 169r 139

' 161' 142' 199

'201'130' 171

115108

'150' 137

128111110

94104

162r 14()

184203

' 135132

r 12377

r 144

139

••141

r 153

171138113

2*59r 114

'133

, -I XO

134111

90Qr i l l

54.9

97 4

13 513.9

in Q3.97 0

1fi A

n o

90.9

CO 0

01 A

22.4

6.76.1

13.1

* 120»73

* 146

"136

138148111

164136157138194

195123167114

147133

v 127

v 140

^136

p 121P 70

v 145

*128

v 137P 151

P 107

"127

» 1°.̂

v 1 in

• Revised. *> Preliminary.§The 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 Una

data for manufacturing are shown on p. S-4; those for retail and wholesale trade on pp. S-9, S-10, and S-ll. UIMIKUIU. uiidb .r lâre^68^^ Janu

riry 1951 for wholesale trade (not published in the 1957 edition of BUSINESS STATISTICS) appear on p. 32 of the August 1957 SURVEY; those for January 1948-Decem-




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Sales, value (unadjusted), total mil. of dol__Durable-goods industries, total.. _ _ . .do

Primary metaL doFabricated metal ._ . . _ do _Machinery (including electrical) doTransportation equipment (including motor

vehicles) mil of dolLumber and furniture .doStone, clay, and glass doOther durable-goods industries do_.

Nondurable-goods industries, total doFood and beverage doTobacco _ do_Textile doPaper _ doChemical doPetroleum and coal _ doRubber doOther nondurable-goods industries ...do

Sales value (seas adj ), total doDurable-goods industries, total do

Primary metal doFabricated metal . . . doMachinery (including electrical) doTransportation equipment (including motor

vehicles) mil. of dolLumber and furniture ._ _. do. _Stone cây and glass doOther durable-goods industries do

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

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

Durable-goods industries, total doPrimary metal doFabricated metal doMachinery (including electrical) doTransportation equipment (including motor

vehicles) mil of dolLumber and furniture doStone clay and glass do

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

Food and beverage doTobacco doTextile ..doPaper doChemical doPetroleum and coal doRubber doOther nondurable-goods industries do

By stages of fabrication^Purchased materials bil of dolGoods in process doFinished goods do

Inventories, end of month:Book value (seas adj ) total mil of dol

Durable-goods industries total doPrimary metal doFabricated metal doMachinery (including electrical) doTransportation equipment (including motor

vehicles) mil of dolLumber and furniture doStone clay and glass doOther durable-goods industries do

By stages of fabrication:}:Purchased materials bil of dolGoods in process doFinished goods do

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

By stages of fabrication :£Purchased materials bil of dolGoods in process doFinished goods do...

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, 3464,0313,062

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 6473,8913,157

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

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

91 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

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

9421,0963 241

4962,245

52, 94130,8354,0683,106

10, 408

7,8031,8691, 1799 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

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, 961

4,0713,230

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

29,81515 0332,5921 5514 485

3 5901,010

7401,065

14, 7824 347

3211 163

9012,0553,045

4952.455

28 42614. 1982 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

92 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

29,01014 7682,4811 6424 355

3 489995728

1,078

14, 2424 196

3471 030

9282,0052,907

5002.329

28 67914, 254

•> 3571,6254 242

3.240989707

1.094

14, 4254 322

3581,073

9191.8943 028

4902,341

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, 4624,1143,222

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

29,11614 8332,4251,5854 425

3 496975799

1,128

14, 2834 394

3871 031

9162,1002,900

4862,069

28 61714, 2962 2631.5624,354

3,276978747

1,116

14, 3214,340

3521,079

9071,9962, 959

4812,207

53. 98531, 8734,0533,272

10, 811

7, 9691,9041, 2652 599

8.413.510.0

22 1124,5042,0272.7201,4533, 7163,3461,0653,281

8.73.0

10.4

53,90931, 5664,1923,146

10, 624

7,9751,8651,2402,524

8.513.49.6

22, 3434,8692,0472,6251,4533,7293,3801, 0243, 216

8.92.9

10.5

28,27814 5902,4841,5524 459

3 1871,027

7631,118

13, 6884 291

3821,022

8861,8862,780

4811,960

28 14214, 2072 2891,4924 259

3 2411,076

7411,109

13, 9354, 183

3821,063

8771,8942 780

4582,298

54, 04331, 7494,0433,292

10, 760

7,8991,8771,2672 611

8.513.39.9

22 2944,5241,9812,6911,4423,7443,4511,0583,403

8.73.0

10.6

53, 85331, 4384,2073,077

10,601

7,9191,8451,2542,535

8.413.39.7

22, 4154,8822,0642,6121,4423,6923,4861,0273,210

9.03.0

10.5

27,19613 3362.0681 4913 970

3 193868721

1,025

13, 8604 362

398939833

1 8482,931

5092,040

29 03014, 5732 4471, 6054 447

3 251957736

1,130

14, 4574 323

3751,089

8962,0082 991

5142, 261

53, 76231, 4504, 1733,240

10, 584

7,7811,8711,2392 562

8.513.29.7

22 3124,6291,9362,6781,4303,7163, 5291,0243,370

8.73.0

10 6

54,09331, 6964,2453, 146

10, 622

8,0381,8571,2392,549

8.413.59.8

22,3974, 8042,0382,6421,4303,7283,4941,0453,216

9.02.9

10.5

29,06314, 2312,2621 6324 134

3 2561 031

7931 123

14 8324 499

3861 137

9521 9882 920

5192 431

28 63814 2972 3621 5204 281

3 448925708

1 053

14, 3414,357

3541,072

9152,0082 920

5142,201

53, 57631, 2254,3143, 151

10, 481

7,7131,8531,1862, 527

8.513.39.5

22, 3514, 8301,9232,6231, 4153,6793,5871,0103,284

8.73.0

10.7

54, 20331, 7424, 3263,151

10, 609

8,0351,8721, 2102,539

8.413.69.8

22, 4614,8052,0242,6491,4293,7373,5171,0743,226

9.03.0

10.5

28, 17113 6642,2001,6314 293

2 750995695

1,100

14, 5074 493

3741 104

9322 0132,719

4622,410

28 21514, 1322 1821,5474 314

3 407940668

1,074

14, 0834 278

3781,040

9321 9512 803

4812,220

53, 58131, 3064,4013,061

10, 475

7,8431,8321,2012,493

8.613.39.5

22, 2754,8371,9402,5611,3963,6413,7051,0313,164

8.73.0

10.6

54,16631, 8204,3443,123

10, 658

8,0491,8771,2512,518

8.513.49.8

22,3464,6842,0002,6311,4103,7413,5971,0743,209

8.92.9

10.5

' 29, 532r 14, 386'2,336''I, 688••4 406

'3,003' 1, 026

r 761r 1, 166

' 15, 1464,660

377' 1,214

••981' 2, 086r 2, 866

524r 2, 438

r 28, 064' 13, 932

r 2 224r 1, 535r 4, 265

' 3, 297'930r 650

' \, 031

' 14, 132r 4, 331

356r 1, 029

'917'2,002r 2 895

490' 2, 112

r 53, 734' 31, 487' 4, 488'3,017

' 10, 390

' 8, 115' 1, 804' 1, 197r 2 476

8.6'13.3

9.6

'22 247' 4, 929

1,960' 2, 515' 1, 395' 3, 658' 3, 732

1,053'3,005

8.82.9

10.5

' 54, 103' 31, 754' 4, 356' 3, 143

' 10, 583

' 7, 979' 1, 880' 1, 273' 2, 540

8.613.29.9

' 22, 349' 4, 725

1,980' 2, 625' 1, 423' 3, 732' 3, 623

1,097' 3, 144

'8.93.0

10.4

27, 49713, 5942,1001,4624,001

3.497865639

1,030

13,9034,314

3541,078

8871,8602, 815

2, 125

27, 38613, 5052,1531, 4584, 106

13, 289

860639

1, 000

13, 8814,314

3471,018

8781, 9452,787

2,102

53, 63331, 1734,4273, 019

10, 407

7, 8551, 8151, 1992 451

8.613.09.6

22 4605, 0461,9692,5481, 4033, 6953,732

2,992

9.12.9

10.4

53, 79731, 3804,2653,112

10, .5(39

7,8251,8661,2622,541

8.513.19.8

22, 4174,7591,9692,6391,4173,7393,659

3,138

9.03.0

10.4

' Revised. JData beginning January 1953 appear on p. 20 of the September 1957 SURVEY.


January 1958 SUKVEY OF CURRENT BUSINESS S-5


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS— Continued

New orders, net (unadjusted) , total _ mil. of dolDurable-goods industries, total§ do

Primary metal doFabricated metal do _Machinery (including electrical) § doTransportation equipment (including motor ve-

hicles) mil. of dolOther durable-goods industries _ do _ _

Nondurable-goods industries, total doIndustries with unfilled orders 9 doIndustries without unfilled orders^ _ do _ _

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

Primary metal __ do __Fabricated metal doMachinery (including electrical )§ do _.Transportation equipment (including motor ve-

hicles) mil. of doL.Other durable-goods industries do

Nondurable-goods industries, total doIndustries with unfilled orders 9 doIndustries without unfilled orders! do

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

Primary metal doFabricated metal doMachinery (including electrical) _ _ _ __ do ..Transportation equipment (including motor ve-

hicles) mil. ofdoL.Other industries, including ordnance do

Nondurable-goods industries, total 9 do

BUSINESS INCORPORATIONS^1

New incorporations (48 States)... number..

INDUSTRIAL AND COMMERCIAL FAILURESd1

Failures, total number

Commercial service doConstruction doManufacturing and mining doRetail trade doWholesale trade do

Liabilities (current), total .thous. of dol..

Commercial service _ _ _ _ doConstruction _ do _.Manufacturing and mining doRetail trade do ..Wholesale trade do

Failure annual rate (seas. adj.)*._No. per 10,000 concerns.

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

86171166482

94

39, 886

1,85411, 09911,71411, 4763,743

48.5

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

47.2

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

48.0

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

51.1

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

12, 049

1 336

99205239672121

55, 833

3,83310, 42417, 76017, 8166,000

54.9

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

12, 312

1 175

118172190580115

57, 103

3,8789,090

16, 28615, 99411, 855

48.2

28 32813 9492 2511,6384 136

3 1812,743

14, 3793,233

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

12, 220

1 200

82181205600132

52, 552

4,72810, 82014 88815, 6866 430

50.1

27 53813 7162 2171,4274 512

2 6092,951

13, 8223 148

10, 674

27, 05513 2492,3061 4864,103

2,5442 810

13 8062,970

10 836

60, 32957, 1646 3304 283

19, 695

22, 0604 796

3,165

11, 269

1 084

9316417955395

51, 454

3 55110, 06612 96617, 7157 156

50.0

26 15512, 3181 9381,5223 904

2 2562,698

13, 8372 789

11,048

27, 27613 0052,2411 5224,065

2,3962 781

14 2712,936

11 335

59, 28856, 1466 2004 314

19, 629

21, 1234 880

3 142

11, 686

1 059

81153181570

74

44, 299

5,0247,629

14 03912, 7154 892

47.8

27 56812, 8812 0631,4683 905

2 5542,891

14, 6873 070

11 617

27, 32513 1602 0781 3724 124

2 8842 702

14 1652 924

11 241

57, 79354, 7966 0014 150

19 400

20 4214 824

2 997

11 361

1 145

9116520458897

43, 514

2 33110 42612 84714 7523 158

53.4

26 37112, 0472 0391,5713 812

1 9792,646

14, 3243 057

11, 267

26, 56512 5192,2021 4963 952

2,3002 569

14 0463,088

10 958

55, 99353, 1795 8404 090

18 919

19 6504 680

2 814

10 526

1 071

9416418253596

45, 420

4 5545 618

13 90113 6577 690

58.7

' 26, 730r 11, 788

2,0271,5173,798

1,7762,670

' 14, 942T 3, 203

r 11, 739

r 26, 226r 12, 154

«• 2, 081r 1, 459r 3, 943

r 2, 079r 2, 592

r 14, 072r 2, 993

r 11, 079

* 53, 191r 50, 581

r 5, 531r3 919

r 18, 311r 18, 423

r 4 397

r 2 610

11 251

1 122

8917621454499

47, 428

3 1957 994

11 60116 9477 691

51.5

26, 13412, 2791,7681,2223,324

3,4412,524

13, 8553,026

10, 829

26, 18212, 3261,6961,3283,602

3,1762,524

13, 8562,967

10, 889

51, 82849, 2665,1993,679

17, 634

18, 3674,387

2,562

9,270

1 173

93194213559114

52, 899

2 61113, 42018 06112, 8955 912

10 575

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

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

Crops . doCommercial vegetables, fresh market. _ doCotton doFeed grains and hay _ doFood grains. _ do

Fruit doOil-bearing crops doPotatoes (incl. dry edible beans) do.__Tobacco do

f Livestock and products do _.' Dairy products.. _ _ _ _ _ _ _ _ d o

Meat animals doPoultry and eggs doWool 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 ratioS- do

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

84

245

228221279163217

193244159484

259269291174290

273287258

296

83

240

224221273156219

187231154483

254277274180279

273286258

2CG

81

242

224241263152221

187235164473

258279278188267

275289260

298

81

242

218240239152221

180237171466

264275294185261

276288262

299

81r Revised. Corrections of March 1955 new orders figures in 1957 BUSINESS STATISTICS (mil.dol.): Unadjusted—total durable goods, 14,755; machinery, 4,093; seasonally adjusted-

total manufacturing, 26,810; total durable goods, 13,538; machinery, 3,885. 9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero. IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders. cf Data are from Dun& Bradstreet, Inc. *New series; based on number of concerns listed in Dun & Bradstreet Reference Book. Data back to 1934 are available upon request. ® Ratio of prices received to pricespaid (including interest, taxes, and wage rates).

450946°


S-6 SUEVEY OF CURRENT BUSINESS January 1958


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

COMMODITY PRICES— ContinuedRETAIL 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 do _Meats, poultry, and fish -- do _

Housing 9 doGas and electricity doHousefurnishings doRent do

Medical care - doPersonal care -- doReading and recreation do

Transportation __ - doPrivate - doPublic do

Other goods and services - - -do

WHOLESALE PRICEScf( U. S. Department of Labor indexes)

All commodities . 1947-49= 100. _Economic sector:

Crude materials for further processing doIntermediate materials supplies, etc - doFinished goods© - - do_ _

Farm products 9 ôFruits and vegetables fresh and dried doGrains - doLivestock and live poultry - do _

Foods processed 9 - - do. _-Cereal and bakery products doDairy products and ice cream doFruits and vegetables canned and frozen doMêats poultry and fish do

Commodities other than farm prod, and foods.. do

Chemicals and allied products 9 doChemicals industrial __ . do_Drugs and Pharmaceuticals doFats and oils inedible -- -_doFertilizer materials doPrepared paint do

Fuel power and lighting materials 9 doCoal do. _Electricity doGas - do- .-Petroleum and products do

Furniture other household durables 9 doAppliances 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 - - do_Lumber do

Machinery and motive products 9 -do .Agricultural machinery and equip _do _Construction machinery and equip do -Electrical machinery and equipment doMôtor vehicles do

Metals and metal products 9 -- - doHeating equipment doIron and steel - - do_Nonferrous metals do __

Nonmetallic minerals structural 9 doClay products _ __ doConcrete products doGypsum products _do _ _

Pulp paper and allied products doPaper do _

Rubber and products _ . do _Tires and tubes do

Textile products and apparel 9 doApparel doCotton products _ do _Silk products _ _ -do_Manmade fiber textile products do_ _Wool products . ... -do

Tobacco mfs and bottled beverages 9 doBeverages, alcoholic doCigarettes do

Miscellaneous do__ _To vs. sporting goods __ do _..

213.8

117.8

107.0112.9111.1115.898.8

123.0111.8103.8133.8

134.5121.4109.0

133.2123.5173.4

123.2

115.9

94.9123.8116.2

87.9104.387.968.6

103.6115.8113.6106.482.7

124.2

108.2122.592.357.8

105.7123.6111.2122.094.3

111.1117.5121.1106.5121. 291.169.999.8

120.859.090.6

121.5123.1143. 4130.8155.5145.2134.2152.1122.0162.5149.7131.2150.3125.3127.1127.8139.2

146.9153.495.499.792.8

122.780.3

106.1123.5118.1124.091.2

116.8

213.9

118.0

107.0112.9111.3117.498.0

123.5112.0104.1134.2

134.7121.8109.3

133.1123.3174.1

123.3

116.3

96.6124.2116.2

88.9102.688.871.7

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

107.7123.6118.1124.0

91.7116.9

214.1

118.2

106.4112.8111.2116.999.0

123.8112.3104.0134.2

135.3122.1109.9

133.6123.8174.9

123.8

116.9

97.4124.8116.7

89.3100.789.573.9

104.3115.8112.5105.684.8

125.2

108.7123.592.658.7

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

118.7

106.1113.6111.1116.5101.4

124.5112.4105.0134.2

135.5122.6110.0

134.4124.5175.8

124.0

117.0

96.7125.1117.0

88.896.187.075.0

103.9115.9112.5105.983.9

125.5

108.8123.293.158.0

105.9124.1119.6124.094.3

122.3131.0121.9106.8122.091.169.998.0

120.850.187.8

120.7121.9144.5132.0156.3147.1134.6151.4122.8163.9145.4

132.7150.7125.6127.1128.5139.2

143.9149.0

95.799.691.9

123.282.0

109.5124.1119.0124.092.4

117.5

214.7

118.9

106.8113.2110.7116.1100.6

124.9112.4104.9134.4

136.4122.9110.5

135.1125.2175.8

124.2

116.9

96.7124.9116.9

88.894.187.576.6

103.7116.7111.3105.984.6

125.4

108.8122.993.257.9

106.8124.1119.2123.694.9

118.4130.7121.9106.8122.291.169.598.4

120.951.088.6

120.1121.2144.8132.2156.7147.5134.6151.0121.6163.8143.2133.2150.8125.7127.1128.7140.1

144.3149.095.499.691.1

123.081.7

109.0124.1119.0124.092.0

117.5

214.9

119.3

106.5113.8110.5118.7102.0

125.2112.4105.1134.5

136.9123.3111.8

135.5125. 5176.8

124.2

117.2

97.1125.0117.4

90.6103.087.379.3

104.3116.8111.4104.988.2

125.4

109.1123.693.558.2

107.5124.1119.5123.296.6

118.4130.4

121.5105.4122.491.169.598.8

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

119.6

106.5114.6110.0122.5103.7

125.3112.3104.2134.7

137.3123.4111.4

135.3125.4176.8

124.3

117.1

96.5124.7117.4

89.5109 085.478.7

104.9116.5110.7103.591 5

125.2

109.1123. 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 0

89 4117.5

216.6

120.2

106.6116.2110.0126.8106.9

125 5112.3104.6135.0

137.9124.2111.8

135.3125.4176.8

124.6

117.4

98.8124.5117.6

90.9105.483.983.5

106.1117.0108.1101.996.6

125.2

109.3124.093.460.2

106.3125.5117.2123.394.3

113.0128.4

121.7105.2122.491.569.799.9

121.259.491.1

119.7120.4145.2132.3157.6148.2134.7150. 6121.9165.4138.1135.1155.1126.7127.1128.9142.4

145.1149.095.599 590.6

122.481.9

111.5124 7119.6124 0

87 3117.5

217.5

120.8

106 5117.4110 5126.9109.5

125 5112.3104.1135.2

138.4124.7112.4

135.8125.6180.2

126.6

118.2

99.7125.2118.5

92.8108 082.786.5

107.2117.7108.2102.399.2

125.7

109.5123.593.461.0

106.3128.1116.4124.095.5

111.8126.4122.4104.9122.892.570.8

100.7121.262.192.2

119.3120.0145.8132.3157.9149.5134.7152.4122.8170.3134.1

135.2155.1126.4127.1129.5142.8144.9149.095.499 590.5

121.581.9

111.3127 7119.6134 8

88 8117.5

217.9

121.0

106 6117.9111 5121.3111.9

125 7113.3103.9135.4

138.6124.9112.6

135.9125.6180.6

126.7

118.4

99 6125.5118.6

93.0106 382.486.7

106.8116.7110.3102.197 7

126.0

109.8123.693.463.4

106.5128.1116.3124.496.6

111.1125.5122.6104 7122.993.371.4

100.5121.361.591 6

118.6119.4146.2132.5161.4149.6134 7153.2122 3171.2134.6

135.3155.0126. 4127.1129.9143.2146.9153 595.499 690 2

122.082.1

111.2127 7119.6134 890 1

117.8

217.5

121.1

107.3117.0113 1114.8110.3

126 3113.7104.8135.7

139.0125.1113.3

135.9125.5181.1

126.7

118.0

97 0125.4118.8

91.098 981.281.5

106.5116.7112.4102.595 7

126.0

110.2123.593.564.5

106.4128.1116.1124.895.5

112.2125.6122. 3104.6122.593.471.4

100.3121.658.291 6

117.8118.3146. 9133.4162.7150. 8134 8152. 2122.3170.2131.7135. 2155.0126. 3127.1130 1143.2146.5153 595 499 790 0

121. 182 3

110.3127 7119.6134 889 4

118.2

' 217. 2

121.1

107. 7116.4114.2114.5106.3

126.6113.8104.8136.0

139.7126.2113.4

135. 8125. 4181.6

126.8

117.8

95.3125.2119.0

91.5107 780.678.4

105.5117. 3113.7103.691.6

125.8

110.4123.693.464.8

107.6128.1

115.8125.696.1

112.2124. 6

122.6105 4122.693.471.4

100.4122.456.891 2

117.3117 5147.7136.2164 9150. 7135 5150. 8122 3167.8129.9135 3155. 1126 5127 1

130 9143 2146.2153 595 199 689 9

120 082 3

108 3127 7119 6134 8

87 7117.9

217.3

i 121. 6

107.9116.0114.5114.6104.6

126.8114.3104.5136.3

140.3126.7114.4

140.0129.7182.8

126.8

'118.1

'95 3'125.3' 119.6

91.9106 380.979.3

106.5117.6114.5103.893 6

' 125. 9

110.3123.693 4

' 65.2107 7128. 1

' 115 7125.896 1

' 116.0123 5

' 122 7' 105 1

122 8'93.4

71 4' 100. 3

122 6r 53 8

91 2116 9117 1149 2137 4165 2150 9138 7150 4

r 122 1166 5130.8

' 135 4155 1

' 126 7127 1130 9143 3144.7153 595 099 689 8

119 682 3

107 4127 8119 8134 886 8

117.9

i 121. 6

107 6116.1114 6113. flKM*IP127 0114.3104.9136.7

140.8127.0114.6

138.9128.6182.4

126.8

118.4

96 3125.4119.8

92.6108 380.582.7

107.4118.3114.7104.695 5

110.5123.993.565.4

107 8128.5115 7126.396 1

116.0123.5

123.3104 8122.893.271 499.8

122.750 390 8

116 4116 5149.3137.9165 2150 8138 8150 3121 5166.5130.6Uw'fc155̂127 2127.1131 0143 2

145.7153 594 999 690 2

119.582 1

105 8128 0120 3134 887 2

118.0

' Revised. ! Index based on 1935-39=100 is 203.3.9 Includes data not shown separately. d^For actual wholesale prices of individual commodities, see respective commodities. 0 Goods to users, including raw foods and fuels.


January 1958 SUKVEY OF CURKENT BUSINESS S-7


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

COMMODITY PRICES—Continued

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prices 1947-49=100-.Consumer prices do. _ _

86.384.9

86.084.7

85.584.6

85.584.2

85.584.1

85.383.8

85.483.6

85.283.2

84.682.8

84.582.6

84.782.6

84.982.6

84.7182.2

'84.5182.2

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY

New construction (unadjusted), total mil. of doL-

Private, total 9 „. do

Residential (nonfarm) 9 doNew dwelling units. __ _ _ doAdditions and alterations _ do

Nonresidential building, except farm and publicutility, tota!9 mil. of dol__

Industrial doCommercial do

Farm construction doPublic utility do

Public, total do

Nonresidential building doMilitary facilities doHighway doOther types do

New construction (seasonally adjusted), total __do__

Private, total 9 _ do

Residential (nonfarm) doNonresidential building, except farm and public

utility mil. of dol__Farm construction doPublic utility do

Public, total 9 do

Nonresidential building doHighway _ _ _ do

CONTRACT AWARDSConstruction contracts in 48 States (F. W. Dodge

Corp.):fTotal valuation mil. ofdol

Public ownership doPrivate ownership do

Nonresidential buildings:Floor area thous. of sq. f t _ _Valuation mil. of dol__

Residential buildings:Floor area _ thous. of sq . ftValuation mil. of dol_.

Public works:Valuation do

Utilities:Valuation do

Value of contract awards, 37 States (F. R. indexes):Total, unadjusted 1947-49=100

Residential, unadjusted do __

Total, seasonally adjusted doResidential, 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:~Cnad justed:

Total, privately and publicly owned—thousands. _Privately owned, total do

In metropolitan areas doPublicly owned . do

Seasonally adjusted at annual rate:Privately owned, total J do

Residential 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 multifamily structures do

Publicly financed, total do

3,964

2,922

1,5211,140

339

804276329111475

1,042

344117326255

3,894

2,822

1,468

760131452

1,072

358341

2,377"862

0 1 515

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

3,544

2,654

1,3621,045

277

77227430597

413

890

32498

239229

3,904

2,799

1,460

764129435

1,105

365369

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

3,198

2,324

1,137885214

72226926997

357

874

33993

225217

3,922

2 736

1 411

749129435

1,186

375441

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

3,007

2 226

1,043790217

704270257102365

781

30280

195204

3,861

2 740

1 391

748131456

1 121

347406

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

3,295

2,405

1,162870258

709269264112409

890

34584

230231

3,912

2 752

1 383

763132459

1,160

366434

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

3,657

2 603

1,301940327

713271263126448

1 054

37589

330260

3,906

2 754

1 361

771133472

1,152

381407

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

4,025

2,808

1,396985374

747270287146501

1 217

383103445286

3,905

2 751

1 321

783133497

1 154

372401

3,4001 2792 120

80, 1941,120

120 2061,297

653

329

1,857

9,7722 2844 2093 279

103.096 966.76 1

994 0

85.784 068.32.8

12.91.7

4,308

2,971

1,4891,070

379

786270309159518

1 337

406110520301

3,900

2 742

1 324

779133489

1 158

380406

3,2431 3231 920

80, 8441,186

106 3701,155

716

186

1,561

11 0861 9176 1513 017

99.994 564 75 4

995 0

79.6r 74 7

61.5r 2.810.44.9

4,361

3 046

1,5471,115

392

778262311169535

1 315

389117505304

3 833

2 739

1 349

751133492

1 094

356366

2,9011 0021 998

71, 642961

115 7031,287

467

186

1,589

8 896845

4 5813 471

99.993 962 16 0

1 015 0

r 75.973 6

'61.02.89.9

'2.3

4,561

3 124

1 5711,140

387

805266319173556

1 437

414138550335

3 942

2 787

1 377

767133493

1 155

372374

2,818802

2 016

68, 5691,008

116 9051,284

394

132

1,805

5 292336

2 4972 459

100.096 864 93 2

1 056 0

T 80 3r 78 0

63.02.6

M2.42.3

r 4, 569r 3 100r 1, 561

1,140'374

802260322159560

r 1 469

'416134580

r 339

r 3, 977

r 2 790

r 1 388

757133495

r 1 187

r 379392

2,625816

1 809

65, 177941

105 1891,151

416

116

1,247

4 844282

1 7912 771

'91.9r 90 2r 60 9

T I 7

rl 012 0

71 970 758.22.79.81.2

»• 4, 495

r 3, 059

r 1, 535r 1, 130

'357

806256332133570

r 1 436

r406132

r575r 323

r 4, 064

r 2 833

r i 414

761133510

r 1 231

r388r 429

2,614787

1 827

66, 362910

106 6361,165

327

211

1,700

6 668749

3 1432 775

95.087 058 78 0

1 000 0

79 274 860.53.0

11.24.4

•• 4, 112

r 2, 942

r 1, 484'1, 090

r 343

802251332114

r 528

r 1 170

r 364T 107r 410r 289

r4,043

r 2 843

r i 434

758134

r 503

r 1 200

r 377r 427

2,371867

1 504

61, 260878

86 424930

444

118

1,232

3 95065

2 3551 530

78.075 751 52 3

1 010 0

3,667

2,705

1,3451,005

290

764248305100483

962

34288

275257

4,051

2 854

1 444

755133508

1 197

385423

967

62.060 841 81 2

970 0

r Revised. * Preliminary. ° Revisions for October 1956 for construction contracts (mil. dol.): Public, 799; private, 1,644.1 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.2 (December); consumer prices, 49.2 (November and December).2 Data include some contracts awarded in prior months but not reported.9 Includes data not shown separately.t Re vised series, reflecting nationwide coverage and new techniques for compiling data on residential buildings.§Data for November 1956 and January, May, August, and October 1957 are for 5 weeks; other months, 4 weeks.cfData for January, May, July, and October 1957 are for 5 weeks; other months 4 weeks.JRevisions for 1954 appear in the October 1957 issue of the SURVEY.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES

Department of Commerce composite 1947-49=100-.Aberthaw (industrial building) 1914=100American Appraisal Co., The:

Average, 3 0 cities _ _ _ _ _ 1913=100Atlanta doNew York _. doSan 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=100Brick and steel. _ doBrick and wood do

Commercial and factory buildings:Brick and concrete do _Brick and steel doBrick and wood _ _ doFrame doSteel _ _ .do

Residences:Brick doFrame do

Engineering News-Record :d"Building _ _ 1947-49=100Construction do. _.

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

CONSTRUCTION MATERIALS

Output of selected construction materials, index:Iron 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 dol..Vet Adm • Face amount do

Federal Home Loan Banks, outstanding advances tomember institutions _ mil. ofdol..

New mortgage loans of pll 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 _ _ number-Fire losses thous. of dol__

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

2,0442,983

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

2,1442,894

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

2,0282, 74569, 710

138

668712705610660488

290.5284 7283.1

300.1300 2283.3280 0287.9

283.5275.1

152.9163.1

140 9113.8

191, 490268, 492

1,040

969

318462190

2,2112,83977, 814

138

668712705624660488

290.6284 8283.2

300.1300.2283.3280.2287.9

283.6275.2

152.6162.9

151 8129.7

184, 794251, 483

1,072

1,001

331470200

2,2082,85278,364

15

670713705625660490

291.0285.0283.2

300.7300.8283.5279.8288.5

283.6275.0

152.8162.7

142 8

r 140 0120.5

173, 5821 294, 506

1,119

891

292423176

2,0262,97972, 264

138

672728711625661490

290.6284.5282.3

300.3300.3282.3278.6288.2

282.1274.0

152.8162.8

148 7130.3

232, 048279, 693

1,131

980

341443196

2,226

77, 753

138

672730712624665491

290.7284 3282.1

300.5300.5282.2278.4288.3

282.5273.7

' 152. 7162.9

231, 193213, 029

1,143

768

250358160

1,877

75, 321

452

672729711622r

152.8164 1

— — -,i-

91, 519

DOMESTIC TRADE

ADVERTISING

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

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

Tide advertising index, unadjusted 1947-49=100..

Television advertising:Cost of facilities, total thous. of dol

Automotive, including accessories doDrugs and toiletries ..- . ._ _ _ _ d o _ _Foods, soft drinks, confectionery doSoaps, cleansers, etc doSmoking materials do._ _All other do

Magazine advertising:Cost, total do

Apparel and accessories _ ... _ doAutomotive, incl accessories doBuilding materials _ _ _ do. .Drugs 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..

20419116419915438

380

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

386

175.1

44, 7624,775

12, 4249,0355,2663,7969,466

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

21421816420218040

406

170.2

38, 7603,711

11, 7497,5415,7203,8996,142

42, 969884

3,8881,4175,8366,5942,623

1,6511,0874,118

6641,425

12, 782

3,444

21520616621417040

405

173.6

38, 8493,774

11, 6837,5415,5234,3665,962

45, 5014,4033,4571,7485,5605,4102,318

1, 1461,4124,319

4841,551

13, 692

4,483

21621716222115641

398

' 213. 5

*• 40, 926' 4, 667

r 11, 7797,8625,9394,0656,615

68, 7087,7163,1433,8017,0647,3543,320

2,6343,0705,921

7811,851

22, 054

5,466

20921015820015039

422

238.1

49, 2014,904

15, 1659,3315,8504,9678,984

74, 2986,0963,5843,2308,4018,2824,057

4,0004,4565,7081,0842,035

23, 364

5,376 4,971 3,810r Revised. 1 For Aug. 26-Sept. 30 (earlier figures cover month ending the 25th day; later figures on calendar-month basis).§Copyrighted data; see last paragraph of headnote, p. S-l.cfData reported at the beginning of each month are shown here for the previous month.% Revised beginning July 1955 to adjust for changing seasonal pattern. Revisions for July 1955-July 1956, respectively: 316; 320; 324; 321; 329; 329; 340; 352; 355; 364; 372; 376; 397.


January 1958 SUEVEY OF CUEEENT BUSINESS S-9


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

DOMESTIC TRADE—Continued

ADVERTISING— Continued

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

Classified do

Display total - - doAutomotive doFinancial - - do__General - -- do __Retail - --- do

jpERSONAL CONSUMPTION EXPENDITURES

Seasonally adjusted quarterly totals at annual rates:Goods and services, total bil. of dol_

Durable goods, total 9 _ _ _ d oAutomobiles 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 do _Housing - do _ _Transportation do__

RETAIL TRADE

All 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 doHousehold-appliance radio stores do

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

Nondurable-goods stores 9 doApparel group __do _ _

Mien's and boys' wear stores doWomen's apparel accessory stores doFamily and other apparel stores doShoe stores - do

Drug and proprietary stores do _ -Eating and drinking places doFood group -do __

Grocery stores doGasoline service stations - do

General-merchandise group doDepartment stores excl mail-order doMail-order (catalog sales) _ _ do _Variety stores doOther general-merchandise stores do -

Liquor stores do

Estimated sales (seasonally adjusted), total. ___do

Durable-goods stores 9 - - -do __Automotive 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 doApparel group do

Mien's and boys' wear stores do\Vomen's apparel accessory stores doFamilv 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 doDepartment stores excl mail-order doMail-order (catalog sales) do _ -

Other general-merchandise stores doLiquor stores do

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, 7438,8244,198

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

4881,0963,6903,2811,137

1,32872097

198314301

16, 295

5,7063, 3243, 151

173

856541314

848608240

10, 588980217376212174

4841,1823,8253,3921,213

1,722936118281387331

207, 06453, 264

153, 80014, 3653,215

30, 009106, 212

14, 058

4,9142,9482,809

139

754477277

629455174

9,144694147283146118

4671, 0553,4803,0861,067

1,27667294

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

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, 864

6,0583,4183, 175

242

863523340

1,008770238

10, 806855175338187156

5131, 3844,0293,5731,383

1,540(2)

104264

(2)346

17, 034

5,8393,3043,085

218

877536341

914689225

11, 1951,038

218412231176

5241,2574,0273,5661,281

1,861(2)

132305

(2)362

216, 43758, 103

158, 33414, 5222,754

24, 611116, 448

17, 490

5,9953,3523,126

226

912577334

1,032798234

11, 495967177390222178

5281,4204,3533,8761,374

1,774(2)

125294

(2)370

17, 030

5,7403,2453,037

208

897564334

915687229

11, 2901,092

220443241188

5341,2784,0573,5981,272

1,861(2)

130302

(2)354

241, 29458, 999

182, 29513, 3393,442

33, 294132, 220

283.6

35.015.314.9

142 523.186.68.7

106.116.434.77.9

16, 373

5,6153,0782,894

184

853533319

977752225

10, 7571,010

183398239189

5151,2913,9373,4821,262

1, 696(2)

117272

(2)335

16, 919

5,7223,1902,995

194

902574327

918691227

11, 1971,050

215430232173

5431,2354,1123,6431,255

1,803(2)

121302

(2)364

259, 03757, 457

201, 58016, 1884,233

38, 492142, 667

16,949

5,6052,9452,753

192

919576342

1,035795240

11, 3451,083

216434258175

5591, 2634,1023,6471,287

1,838(2)

138288

(2)350

16, 714

5,6123,1803,002

178

838520318

905691215

11, 1021,029

216415228170

5711,2154,1093,6511,250

1,706(2)

124293

(2)352

249, 98052, 316

197, 66419, 4763,723

32, 294142, 171

' 17, 126

5,514' 2, 977

2,790188

"962614348

903674229

11, 612' 1, 133

235448274175

T 532r 1, 205' 4, 233' 3, 769' 1, 262

' 2, 008(2)

159310

(2)379

«- 16, 556

' 5, 6063,1592,975

184

870546324

874664211

' 10, 9501,001

192407231170

5511,2334,0283,5861,254

1,704(2)

119285

(2)342

i 19, 661

1 2, 974

1 1, 157

i 1, 722

1703i 1, 216i 4, 146i 3, 660i 1, 280

i 3, 071

1 16, 677

i 5, 486

i 11, 191

r Revised. ! Advance estimate. 2 Comparable data not available; series temporarily discontinued.9 Includes data not shown separately.


S-10 SUEVEY OF CUEEENT BUSINESS January 1958


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber


RETAIL TRADE— Continued

All retail stores— ContinuedEstimated inventories:

Unadjusted total mil of dolDurable-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:Estimated sales (unadjusted), total 9 - 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 stores0 doDry-goods, other general-merchandise stores®

mil. cf dolVariety stores _ _ _ _ _ _ _ do ___

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

Estimated sales (seas, adj.), total 9 - 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 _ _ __ . _ _ do _ _ _Furniture homefurnishings stores do

General-merchandise group 9 doDepartment stores© doDry-goods, other general-merchandise stores©

mil. of dolVariety stores do ___

Grocery stores doLumber, building-materials dealers do -Tire, battery, accessory stores do

Department stores:Accounts receivable, end of month:cf

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

Ratio of collections to accounts receivable:Charge accounts _ . per cent _ _Installment accounts do

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

Sales, unadjusted, total U. Sf 1947-49=100__

Atlanta _ _ __ _ do _ _Boston doChicago doCleveland _ __ doDallas _ _ doKansas City do _

Minneapolis doNew York do _Philadelphia . _ doRichmond doSt. Louis _ _ _ _ _ _ _ do _ - _San Francisco do

Sales, seasonally adjusted, total U Sf do

Atlanta doBoston. _ _ _ _ _ _ do_-_Chicago doCleveland _ _ do_ _Dallas doKansas City _ _ _ _ do__

Minneapolis _ _ _ _ do _ _New York _ do .Philadelphia _ doRichmond do _St Louis doSan Francisco.- . do

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

174'331

4716

444412

'•170

••203' 158' 165'161'186'170

' 152'160' 177' 188'175' 166

'139

' 175'130'135'131'163' 146

'132'125' 133'150' 145'143

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

'231365

4514

464311

'240

'290'234'223'224'279'249

'220'218'234'272'237'255

' 137

' 168' 129' 131' 128' 161'144

' 132' 123' 132' 149' 140' 143

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

'187'355

'4515

444214

'102

'128'95'95'98

'124' 102

'90'99'97' 104' 101' 109

'133

'165' 120'125'125' 157' 135

' 123' 123' 130' 147' 133'137

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

' 159'349

4414

444313

' 104

'136'97'97

'101'126'106

'96'98'98' 107'105'108

'136

'165' 129'129' 131' 161' 145

' 129' 124' 129' 149' 137'141

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

'147'344

4815

444313

' 114

'151'99

'109' 105'138' 118

'103' 104' 115' 126' 117' 115

' 137

'164' 122' 131'130' 161' 144

' 131' 124' 133' 152' 139'146

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

'153'342

4515

444313

'131

'165' 121' 124'126'148' 134

'124'116'129' 149' 134'133

'131

'162' 117' 125' 122' 151' 137

'123' 118' 130' 148' 136'137

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

'154'341

4615

444313

' 132

'165' 123'126'122' 156' 139

' 127' 120' 131' 146' 138' 134

'135

' 172' 123' 128'126' 158' 141

'126' 124' 133' 148' 137'141

23, 84010, 9701 2, 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

' 150'337

4614

454213

'131

'153'122' 126' 120'153'137

' 116' 121' 130' 140' 129' 139

' 138

' 175'122' 129' 128' 168' 142

' 126' 125' 139' 152' 139'148

23, 66010, 88012, 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

'138'328

4515

444214

'111

' 145'90' 104' 107' 151' 128

' 104'92' 96' 118' 114' 125

' 138

' 175' 125' 131' 132' 170' 145

' 130' 126' 131' 147' 139'141

24, 04010, 97013, 070

24, 25011,0404,6201,9902,090

13, 2102,6502,8804,100

3,660

207159463

858037

1,109654

116220

1,5907373

3,631

24423

10368877636

1,168699

114230

1,4926168

'139'330

4715

454213

' 127

'161' 102' 124'123' 158' 141

' 130' 104' 110' 135' 132' 139

' 144

' 179' 130' 139' 139' 170' 147

' 138' 135' 138' 158' 147'144

24,27010, 69013, 580

24, 36011, 1204,6901, 9502,100

13, 2402,6902,8604,090

3,337

222169071

827536

1, 054640

100202

1,3566962

3,559

229219766877238

1,132685

107225

1,4726268

'152'331

4615

434413

' 139

165122136134157149

139126134150143141

136

172114130134163147

130122128144145141

' 24, 50010, 380

' 14, 120

' 24, 220' 10, 950

4,4601,9502,100

' 13, 2702,7002,840

' 4, 180

3,597

232219664

877441

1,136679

110215

1,4787068

3,458

219209264877137

1,051616

100218

1,4725967

'159'336

'4815

434413

' 134

' 167' 117' 127' 125' 158' 142

' 138' 126' 132r 14g

' 138' 135

r 129

r 159

' 116r 121

' 121' 152' 136

' 119' 119' 129' 141' 126'134

25, 26011, 04014, 220

24, 29011, 2004,5801,9802,160

13, 0902,6402,8204,140

3,798

24424

10366

877142

1,239729

120238

1, 5795867

3,454

220199367907335

1,043612

100216

1,4715868

171346

4815

444313

'163

v 193P 144v 154v 159» 183v 161

P 145v 158P 170P 178* 163P 162

' 134

P 166P usP 125P 129v 161P 139

P 125v 123j> 128p 142P 135P 140

p243

P 139

' Revised. *> Preliminary. 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

(January-May 1956) are available upon request.cfRevisions for 1956 for accounts receivable (1947-49=100): Charge accounts—February, 154; April, 148; July, 135; August, 137; October, 158; installment accounts—May, 310; June, 311; July,

308; August, 309. fRevised series. See corresponding note on p. S-ll.


January 1958 SUEVEY OF CUKRENT BUSINESS S-ll


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber


RETAIL TRADE— Continued

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

Unadjusted 1947-49=100Seasonally adjusted do

Mail-order and store sales:Montgomery Ward & Co thous. of dol__Sears, Roebuck & Co _ do

WHOLESALE TRADE J

Sales, estimated (unadi ) total bil. of dolDurable-goods establishments - doNondurable-goods establishments do

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

r 173r 152

120, 131362, 433

12 04.57.5

13.26.46.8

' 137r 151

150, 615444, 955

11 44.27.2

12.96.36.6

r 135r 150

63, 367246, 908

11 44.37.1

12 96.46 5

r 142

r 149

1 55, 515223, 750

10 44.06.4

12.86.56.3

T 155r 150

1 70, 062269, 815

11 14 36.9

13 06.76 2

T 159r 152

1 87, 374307, 394

11 34.36.9

12 86.76 1

r 155r 152

1 90, 288338, 262

11 64.47.2

12 66.75 9

' 146T 153

1 82, 764335 812

11 04 26.7

12 56.75 8

r 144r 154

i 80, 002308 538

11 44 37.1

12 56.65 9

r 150r 153

1 90, 498344, 491

11 74 37.4

12 76.66 1

r 160r 154

1 88, 603314 876

11 24.27.0

12 86.76 1

'172r 155

1 107, 707329, 811

12 34.57.8

12 96.66 3

P 174v 153

1 109,470344, 687

11 13 97. 1

13 06.66 4

1 149, 473441, 531

EMPLOYMENT AND POPULATION

POPULATIONPopulation, continental United States:

Total, incl. Armed Forces overseas thousandsEMPLOYMENT

Noninstitutional population, estimated number 14years of age and over, total. thousands

Total labor force, including Armed Forces© ___do

Civilian labor force, total doEmployed _ _ _. _ do

Agricultural employment- do_ __Nonagricultural employment _ do

Unemployed do

Not in labor force© _ do

Employees in nonagrictiltural establishments:Total, unadjusted (U. S. Dept. of Labor) do

Manufacturing doDurable-goods industries do _Nondurable-goods industries _ _ do

Mining, total doMetal doAnthracite __doBituminous coal. doCrude-petroleum and natural-gas production

thousands _ _Nonmetallic mining and quarry ing. do_ _

Contract construction. __ do

Transportation and public utilities 9 doInterstate railroads doLocal railways and bus lines .. _. _doTrucking and warehousing do . _Telephone 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 do .__Laundries doCleaning and dyeing plants ... do

Government __ _ do

Total, seasonally adjusted _ _ d o _ _Manufacttiring. __ do

Durable-goods industries doNondurable-goods industries do

Mining doContract construction _ _ _ _ . _ _ d oTransportation and public utilities doWholesale and retail trade _ ..doFinance, insurance, and real estate doService and miscellaneous _ _ do _ _Government __do _ .

169, 291

119, 344

70, 560

67, 73265, 2696,192

59, 0762 463

48, 783

53, 00717, 18010, 0677,113

83711131

241

335119

3,174

4,1841,174

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

169, 541

119, 481

69, 855

67 02964, 5505,110

59, 4402 479

49 626

53, 63917, 15910, 0717,088

83711132

242

336116

2,997

4,1941,173

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

169, 800

119, 614

2 68, 6382 65 8212 62 578

2 4, 9352 57, 643

2 3 2442 50 973

51, 71616 9599,9906 969

83211031

242

337112

2,667

4,1261 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

170, 045

119, 7452 69, 1282 66 3112 63 190

2 5, 1952 57 996

2 3 1212 50 617

51, 70416 9459,9926 953

83311031

243

339110

2,673

4,1201 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

170, 270

119, 8992 69, 5622 66 7462 63, 865

2 5, 4342 58, 431

2 2 8822 50 337

51, 91916, 9339,9766,957

83111030

240

339112

2,756

4,1471,132

10982076442

571

11 2653,1178 1481,3431,591

796

2,3106,317

482328160

7,360

52, 54716, 9629 9457,017

8313,0624 168

11, 4902,3226,3817,331

170 510

120, 0572 69, 7712 66 9512 64 261

2 5, 7552 58 506

2 2 6902 50 286

52, 27016 8229 9276 895

83311129

239

340115

2 906

4,1531 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, 5012,3206,4007,347

170, 737

120, 1992 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

3 082

4 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, 5422,3296,4247.358

170 981

120 3832 72, 661

2 69 3422 66 504

2 7, 5342 58 970

2 3 337

2 47 722

52, 88116 8529 9136 939

85811231

242

355119

3 232

4 1811 145'l0882977042

582

11 5053 1408 3651*3801,607

804

2 3596 551

540337168

7 343

52 77316 9249 9077,017

8543 1084 164

11 5792,3366 4547.354

171, 229

120, 5792 73, 0512 70 2282 67 221

2 7, 7722 59 449

2 3 007

2 47 528

52, 60516 7109 7566 954

85711331

231

362119

3 275

4 1991 140

108833789

42590

11 4933 1668 3271 3471,606

807

2 3906 524

598338163

7 157

52, 81516 8809 8697,011

8613 0614 168

11 6362,3436 4927.374

171, 510

120, 7132 71, 8332 68 9942 66, 385

2 6, 8232 59 562

2 2 609

2 48 880

52, 89116 9559 8027 153

86211227

238

363121

3 305

4 2151 149

108838782

42590

11 4993 1798 3201 3521,600

805

2 3896 509

598333156

7 157

52, 84416 8369 8446,992

8533 0324 184

ll' 6692,3546 4777.439

171, 790

120 842

2 71, 044

2 68 2252 65 674

2 6, 5182 59 156

2 2 552

2 49 797

53, 15216 9059 7107 195

85311028

237

356121

3 285

4 2061 137

10885477241

584

11 6203 1808 4401 4191 614

801

2 3616 541

527330161

7 381

52 66216 6819 7006,981

8493 0284 175

11 6202,' 3616 5087.440

172,069

120, 9832 71, 299

2 68 5132 66 005

2 6, 8372 59 168

2 2 5082 49 684

«• 53, 043r 16 783

r 9 6877 096

837r 106

r27237

••347120

r 3 224

r 4 159r I H5

r' 107855

r 767

41578

r 11 664r 3 200r 8 464r i 447»• 1, 622

"802

r 2 356r 6 547

'488r 328

164r 7 473

r 52 469r 16 604

r 9 649* 6, 955

837r 3 013r 4 148

r 11 590r 2, 368r 6 482' 7. 427

172, 327

121 1092 70, 790

2 68 0612 64 873

2 5 8172 59 057

2 3 188

2 50 318

' 52, 807r 16 581

r 9 593r 6 988

r 829r JOS

24236

346' 119

r 3 059

r 4 1231 082

10585576640

578

r 11 845T 3 211r 8 634r 1 560T 1 651

'810

r 2 356r 6 515

480395162

r 7 499

r 52 237r 16 474

r 9 548r 6, 926

r 825r 2 956r 4 112

r ll 571

2,368r 6 515

r 7. 416

172, 554

121 2212 70, 458

2 67 7702 64 396

2 5, 3852 59 012

2 3 374

2 50 763

v 52, 992P 16 333v 9 426v 6 907

v 820P 104

P 235

* 116v 2 833

P 4 100

P 12 324P 3 215P 9 109P i 900v 1 665

?813

j> 2 353P 6 480

P 7 749

P 51 895P 16 281

P 9 390v 6, 891

f 816P 2 906P 4 076

P ii 471p 2, 365P 6 545P 7. 435

r Revised. P Preliminary. * Net sales; not comparable with data through January 1957, which are gross. Comparable figure for December 1956 is $140,294,000. 2 See note marked"©" for this page.

f Revised series. Indexes have been revised beginning January 1949 to reflect adjustment to Census of Business benchmarks for 1954 and the up-dating of the seasonal and Easter correc-tions. Unpublished data (prior to November 1956) are available beginning January 1947 in the December 1957 Federal Reserve Bulletin, pp. 1340-52.

JSee corresponding note on p. S-3.©Estimates beginning January 1957 reflect certain 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 the subgroup "in school and waiting to start new jobs" which is now counted as not in the labor force). Estimates for December 1957 on the old basis,comparable with data shown through 1956, in order as shown above (thous.): 70,480; 67,792; 64,652; 5,391; 59,262; 3,140; 50,741. Data on the old basis for earlier months of 1957 are shown in pre-vious issues of the SURVEY.

9 Includes data for industries not shown separately.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

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

Durable -goods industries do_Ordnance and accessories _ _ do _Lumber and wood products (except furniture)

thousands _ _Sawmills and planing mills _ _ _ do

Furniture and fixtures doStone, 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 equip.) thousands. _

Machinery (except electrical) _ _ _ doElectrical machinery doTransportation equipment 9 do

Automobiles doAircraft and parts do

Ship 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

Meat products doDairy products doCanning and preserving doBakery products - - do_ _Beverages do

Tobacco manufactures doTextile-mill products 9 _ _do_ _

Broadwoven 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 do _Industrial organic chemicals do

Products of petroleum and coal _ doPetroleum refining do

Rubber products -- do__Tires and inner tubes do

Leather and leather products do __Footwear (except rubber) do

Production workers in manufacturing industries,seasonally adjusted:

Total thousandsDurable-goods industries doNondurable-goods industries - - do _

Production workers in manufacturing industries:Indexes of employment:

Tjnadj uste d 1947-49 = 100Seasonally 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=100Seasonally adjusted _ do

PAYROLLS

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

LABOR CONDITIONS

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

All manufacturing industries hoursAverage overtime _ _ _ _ _ _ _ d o

Durable-goods industries doAverage 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..

13, 3927,839

82

655347320470

1,134

564

56

9111,262

9131,438

694579

11344

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

13, 3507,827

83

628336320465

1,135

563

57

9081,277

9001,478

715589

11849

233401

5,5231,076

28368

152173118

93948421195

1,093472234

56654721417413321687

338220

13, 2977,7905,507

107.9107.5

1 2, 456. 21 218. 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

13, 1507,740

81

594323312453

1,133

559

57

9041,287

8841,481

710595

12050

231379

5,4101,015

27067

134168111

88935418189

1,076468232

55754921417213321687

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

13, 1147,721

79

589319313449

1, 124

559

55

9021,294

8771,482

700603

12250

230381

5,39398725865

129169109

84933415190

1,095466232

55554821217313221387

340222

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

13, 0857,693

79

593319312451

1,112

554

55

8981,291

8691,474

689603

12550

231382

5,39298925567

127168115

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

12, 9607,635

78

612329312455

1, 101

549

55

8891,277

8531,446

663602

12351

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

12, 8947,600

77

638338308456

1,093

546

54

8831,255

8471,435

652598

12651

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

12, 9557 603

76

659346311459

1 093

547

54

8871,239

8551,415

632594

12853

224386

5,3521,056

25876

164172127

73913401197

1,045469233

55653520617513319778

333219

13, 0267,5985,428

104.7105.3

2, 184. 4215.2

1,043

78.376.6

163.8

40.02.4

40.52.4

40.7

40.739.939.740.940.2

39.8

41.0

12, 7887 432

74

645343309443

1,075

543

53

8691,207

8481,373

603585

12652

221369

5,3561,120

26177

221173130

71895396191

1,024459227

55252920317513320084

332219

12, 9697,5485,421

103.4104.9

2, 192. 0216.0

1,041

78.176.5

160.5

39.72.4

40.02.3

40.0

39.438.839.340.439.7

39.4

40.5

13, 0247 476

75

645346317459

1 077

541

53

8781,180

8611,363

610574

12546

225395

5,5481,194

25975

292173125

90911400197

1,084465229

55353020117513320484

341222

12,9157,5175,398

105.3104.4

2, 184. 7214.3

1,040

78.076.7

164.7

40.02.4

40.32.4

40.1

41.140.540.740.939.3

38.7

40.4

12, 9927, 397

73

631339319461

1,061

534

52

8781,186

8791,278

531561

12552

225407

5, 5951,218

26370

313172125

98912399197

1,084469229

56353320017513320684

336218

12, 7757,3885,387

105.0103.3

2, 152. 7210.6

1,028

77.176.9

164.7

39.92.5

40.22.5

40.1

39.039.240.940.839.4

38.8

40.3

r 12, 893- 7, 389

'70

-623331317456

- 1, 049

-523

51

889- 1, 166

'869r 1, 321

-590549

12450

-223'405

r 5, 504r 1, 143

-26467

-229172

-122

94-906

397195

1,075-470

229

567-532-197-173-131-210-84334

'215

- 12, 717- 7, 350- 5, 367

- 104. 2- 102. 8

2, 128. 9210.2

- 1, 007

-75.577.1

- 162. 6

39.52.3

-39.82.3

39.9

-40.2-39.8

40.7-40.6-38.5

- 38. 0

-40.1

- 12, 719-7,318

68

-598323312

-448- 1, 028

508

51

-888- 1, 144

853- 1, 364

665520

12547

-223-393

- 5, 401-1,074

26565

162171120

-86-893

391192

r 1, 072-468

228

-566-529

199-172

131-209

84333215

- 12, 614- 7, 272- 5, 342

- 102. 8- 102. 0

2, 121. 0209.4

975r73. 1'74.8

- 161. 1

-39.3-2.3

-39.72.2

-40.0

-39.138.8

-39.640.1

-38. 1

37.3

40.1

p 12, 482p 7 , 160

p68

"575

P307p438

P 1, 004

"874p 1, 123

p825v 1, 362

P217P370

p 5, 322p 1, 031

p82P886

p 1, 063p465

P565P527

P168

p204

P331

p 12, 431p 7, 127p 5, 304

P 100. 9P 100. 5

954

P71.2P72.8

p 158. 1

P39.3P2 .0

P39.6p l . 9

P40.3

P38.9

*>40.2P39.6P37.8

r Revised. *> Preliminary. 1 Includes Post Office employees hired for Christmas season; there were about 284,000 such employees in continental U. S. in December 1956.9 Includes data for industries not shown.




1956

Novem-ber

Decem-ber

1957

Janu-ary



DGCdni-ber


LABOR CONDITIONS— Continued

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

Durable-goods industries — ContinuedFabricated metal prod, (except ordnance, ma-

chinery, transportation equipment) hours _ .Machinery (except electrical) - doElectrical machinerv.- - - _ _ - .-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 _ _Average overtime do

Food and kindred products 9 do _ _

Dairy products doCanning and preserving doBakery products doBeverages do

Tobacco manufactures _ _ _ d o _Textile-mill products 9 do

Broadwoven fabric mills doKnittincr mills do

Apparel and other finished textile prod. __.doPaper and allied products . _ __ _ do__

Pulp paper and paperboard mills doPrinting, publishing, and allied industries

hours.-Chemicals and allied products do

Industrial organic chemicals doProducts of petroleum and coal do

Petroleum refining doRubber products do

Tires and inner tubes doLeather and leather products _ do

Footwear (except rubber) do

Nonmanufacturing industries:Mining:

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

Petroleum and natural-gas production hoursNonmetallic mining and quarrying do

Contract construction doNonbuilding construction doBuilding construction do

Transportation and public utilities:Local railways and bus lines doTelephone doTelegraph 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 doLaundries 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 thousands, _Man-days idle during month do

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

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

Initial claims thousandsInsured unemployment, weekly average - do

Percent of covered employment*-. ___ -

Benefit payments:Beneficiaries, weekly average _ doAmount of payments thous of dol

Veterans' unemployment allowances:Initial claims thousandsInsured unemployment, weekly average doBeneficiaries weekly average doAmount of pavments__ -- _ thous. of dol

41.341 741.0

42 242 842 438 839 2

40 840 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

2.6

79691, 700

212831

3.168

42.142.641.2

43 645 042 940 340 4

41 040.6

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

3.2

941104, 245

233540

3.883

40.841.940.4

41 741 342 640 240 3

40 740.0

39.12 3

40.240 741 837 839 839 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

4.4

1,453177 598

314553

5,572

41.041 940.6

41 541 242 340 040 4

41 040.3

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

4.3

1,530164 860

234962

5.594

41.041 840.5

41 140 342 240 040 6

40 740.6

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

4.0

1,500168, 841

214762

5.886

40.941.440.3

40 639 442 040 240 5

40 639.9

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

3.6

1,311154, 329

183951

5,155

40.941 140. 1

39 939 140 640 339 9

40 239 8

38.92 2

40.440 742 637 g40 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

3.3

1,199145, 657

163440

4,222

41.241.140.3

40 139 640 640 439 8

40 539.9

39.22.4

40.941 143 138 040 940 6

38.638.938 937 3

35.842.243 1

38.441.241 140.940 940.941 437.837 4

41.034 337.6

41 245 037 840 736 9

44 139 242 240 9

40 2

38 234 437 143 9

40 240 440.0

400140

600220

1,850

528

8811,251

3.0

1,172123, 540

243340

3, 710

40.740 739.7

39 538 540 440 540 0

40 139 5

39 42 5

41 540 843 741 441 041 4

39 638 638 837 2

36.142 343 4

38.341 040 941 541 441 349 538 137 9

40 g

36 3

41 244 937 941 836 8

43 739 542 241 2

40 4

38 634 637 943 9

40 339 838 1

400160

625260

2,500

533

1,2671,285

3.1

1,061130 130

203441

4.539

41.040 540.2

40 240 040 440 239 6

40 040 0

39 52 5

40 940 242 340 740 640 7

38 439 139 337 9

36.842 543 3

38.541 041 040 640 040 941 038 137 §

41 231 336 5

40 545 638 349 i37 2

43 438 941 941 0

40 4

38 734 937 743 Q

40 639 437 6

350140

575220

1,600

536

8421, 151

2.8

1,022121 333

213543

4.406

41.440.740.2

39 739 340 239 440 1

40 440.3

39.62 6

41.241 142 241 040 340 1

39.839 139 437 9

36.742 943 6

38.741 241 041 541 240 640 337 236 6

41 335 336 9

41 845 037 740 836 8

43 538 841 940 9

40 4

38 134 236 743 8

40 139 639 2

300270

525315

1, 670

561

1,0321,167

2.8

975113, 325

162939

3.793

'40.740.2

'39.4

'39.5'39.1

40.1'39 0

38.7

39.9'40.0

'39.0'2.4

MO. 2MO 7

41.638.240.0

'39.4

38.339.139.537.8

35.9'42.4

43.4

38.441.040.8

'40.6'40.2

40.1'39.1

36.836.1

'39.8'31.5'36.4

40.5'44.7

37.540.636.6

'43.039.241.541.0

40.2

37.633.736. 1

' 43.6

' 40.0' 39 4'38.9

300100

500185

1,350

540

1,1931,237

3.0

1,020131, 832

182428

3. 013

' 40. 5'39.6'39.5

'40.742.040.137 039.7

'40.1'39.7

38.72.3

' 40. 541 241.436.940.039.2

'37.0' 38. 5

38.937.2

' 35. 441.842.9

'37.941.040.8

' 40. 540. 639.939.1

' 36. 535.7

39.527.634.1

40.342.434.836.434.3

43.040. 141.041.0

40.0

37.533.735.843 5

40.039 037.8

150325

50100700

406

1, 3461, 513

3.6

1, 146136 627

213032

3. J04

P4Q.OMO. 5P39.6

^39.8

»39.9^39.8

^38.9p 2. 2

MO. 6

P38.0P38.8

^35.3Ml. 9

^38.6Ml. 2

MO. 5

MO. 4

P37.3

MOOP220

020p40

MOO

2,1125. 1

' Revised. p Preliminary.9 Includes data for industries not shown.*Now series. Expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data are available:

the lag for covered employment data may range from 6 to 8 months. Monthly data for January 1953-September 1956 are available upon request.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber


LABOR CONDITIONS— Continued

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

Discharge - _ _ _ - - do- _ -Lay-off doQuit _ _ _ _ - _ doMilitary and miscellaneous do

WAGES

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

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 - do _Blast furnaces, steel works, and rolling mills

dollarsPrimary smelting and refining of nonferrous

metals dollarsFabricated metal prod, (except ordnance, ma-

chinery, transportation equip .) dollars- .Machinery (except electrical) doElectrical machinery do

Transportation enuipment 9 - - doAutomobiles do

Aircraft and parts, _ _ do _ _Ship and boat building and repairs _ doRailroad equipment _ _ _ do. _

Instruments and related products doMiscellaneous mfg. industries do

Nondurable-goods industries doFood and kindred products 9 do

Meat products doDairy products do

Bakery products _ _ _ _ doBeverages do

Tobacco manufactures doTextile-mill products 9 do

Broadwoven 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 industriesdollars,.

Chemicals and allied product5* doIndustrial organic chemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products doTires 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 production

T\T t ir ' ' ri 'n? doContract construction do

Nonbuilding construction doBuilding construction do


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

General-merchandise stores do

Automotive and accessories dealers do

Finance, insurance, and real estate:

Service and miscellaneous:

Laundries - - doCleaning and dyeing plants do

3.03.3.3

1.51.3.2

82.2288.9994.50

70.8071.2069.6682.61

99.06

105. 18

93.71

87. 5693.8383.23

100. 86105. 72

98.3790.4093.30

83.6471.73

72 8678.0691.8075.2357 5674.9385.97

56. 4160. 3059. 4255 15

53. 43

84. 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 6342.29

1 50. 56

2.22.8

1.41.0.2

84.0591.3496.70

69.2569.1371.4582.81

100. 94

107. 16

93.43

90. 0996. 7084.46

105. 95112 95

100. 3994. 7198.58

84.8772.67

73 8477.7187.1475 5461 0273.7586.18

58. 9060. 3059.7154 43

54. 45

85.5794 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

3.23.3

21.51.3.3

82.4189.1695 76

67.2566. 9568. 4681.41

101. 27

108. 79

94.76

86.9095. 1182.82

99.25100 36

99.2693. 6798.74

84. 6672.40

72 7377 1887. 1075 6661 9973^ 2384.67

57.8158. 6557. 5753 36

53.49

84. 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

2.83.0

21.41.2.2

82.4188.7596. 18

68. 5168. 2169. 5581.61

99.14

105.06

93.43

87.3395. 1183.23

98.36Q9 29

98. 5694. 4098.98

85. 6972.94

73 1077.3985. 5775 0661 7874. 0085.72

57. 3758. 8056. 7054 09

54. 39

84.6093 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

2.83.3

21.41.3.2

82.2188.9495 68

70.2769.7469. 5582.21

98.65

104. 01

93.61

87.7495. 3083.43

97.8297 12

99.1794.80

100. 28

85.4773.49

73 1276. 8183.7176. 0261 5973.2386.29

57. 9958.3556.5554 31

54.75

84.6092 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

2.83.3

21.51.3.2

81.5988.2995.63

72.0070.6768.2881.20

97.91

103. 89

94.02

87.9494.3983.02

96.2294 17

99.1294.87

100. 44

85.2672 22

72 7477. 2084.9975.8462 8374.3787.16

57.0457. 9056.2653 65

52.84

84.2092 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

3.03.4.3

1.51.4.3

81.7887.8594 02

73.1672.0067.8282.42

97.42

102. 31

94.89

88.3493.7182.21

94.5693 84

94.6096.3298. 55

84.4272.04

73 1378.3886.2877.5362 7575.5588.62

61.7857. 6055.9753.73

52.98

84.4292 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

3.93.0.2

1.11.3.2

82.8088.7094.83

74.8973.4269. 0883.44

99.70

104. 67

95.53

89.4094.5383.02

96.2497. 42

95.0096. 1599.10

85. 4671.82

74.0978.9487. 1378.8761 1876. 8991.35

60. 9958. 3556.4154.46

53.34

85.6793. 53

96.3891.8897.82

108.79113.7091.21

107. 2358.2155. 73

98.81100. 50114. 68

109. 1890.45

108. 11106. 63108. 49

89.9676.4488.6295.30

84.82

63 4145.7565. 6785.17

63 80

43.4244.0452.40

3.23. 1

21 31.4

2

82. 1888.0093 60

71.7170.2368.3882.82

100. 44

107. 17

95.18

89.1393.6181.39

95. 2094.71

94.9497.20

100. 80

84.6171.50

74 4779.2787.3180.8564 1777.4992.74

63. 7657. 9056.2653 94

54.15

87.1495 48

96.1392.2598 16

111.64115.9294. 16

112.2058. 2956.09

100. 28

112.17

110 0090. 70

109. 15110.77108. 93

90.0276.6388.6296.41

85.65

64 4645.6767.4684.73

64 52

43.9343.3849.91

3.24 0.3

1 61.9

3

82 8089. 0693 83

75.6274. 1271. 6384.25

99.82

105. 65

96.96

90.2093.1582.81

97.6998 80

96.1597.2899.79

84.0072.00

74 2677. 7185.2277.8365 9376.3389. 95

57.2258.6556.9955 33

55.20

87.5595 26

96. 6492.2598.40

109. 211 11.6092.84

107.8358. 6756.32

101.3591.08

110.96

106 5292. 57

111.07112.41110.48

89.4075.4787.9995.94

85.24

64 6345.7267. 1184.73

64 31

44. 2543.3448.88

3.34.4.2

1.82.2.2

82.9989.2495.04

71.7672.1372.3984.86

101.26

107. 09

97.53

91.9194.4283.21

97.6699.43

95. 6896.53

103. 86

86.4672.94

75.2479. 1089.6078.9166 0176.5789.42

58.1159.0457.5255.71

55. 42

89.2396.79

97.9192.7098.81

113.30117.0192.97

107. 2057.6654.90

102. 84105. 19112.91

113. 2892.25

110.84110. 16

r 111. 14

90. 0575.6687.9996. 93

86.05

64. 0144.8066.0684.10

64.48

44.1143. 9651. 35

'2.94 0.2

2 31.3

2

82 56r 88. 75

94 96

r 73. 97T 72. 44' 72. 04r 84. 85

' 98. 18

' 103. 74

* 97. 04

r 90. 3593.67

'81.95

' 97. 57r 99. 31

95.84' 95. 55

99.46

85. 39' 72. 40

r 74 10r 77. 99' 89. 13

77.3862 6576.40

' 87. 47

56.3059. 0457. 6755. 19

' 53. 49

r 88. 19r 96 35

97.1591.8498.33

'110.03' 113. 36

93.03' 105. 18

57.0454. 15

' 98. 31' 93. 87

' 110. 66

' 106. 92' 91. 19110.25109. 21110.53

' 89. 0177.2287.1597.58

' 85. 63

62.7944.4865.34

' 82. 84

* 64. 74

' 44. 00r 43. 73'51.35

p2 . 1p 3 9

p 2p2 6

p .9p 2

r82 92' 88. 93T 95 60

' 71. 5570.62' 69. 30

84.21

' 97. 16

101. 46

96. 24

' 90. 32' 92. 66r 82. 95

' 101.75108 36

96.6490.28

102. 82

' 85. 81' 72. 25

74 30r 79 38

91.0577 4260 1577. 6087.02

' 56. 98' 58. 14

56. 7954. 68

' 53. 10

' 86. 9495 24

' 95. 89' 92. 66

98.74

' 110. 57115.30' 92. 97106. 35' 57. 31

53.91

97.1780.87

104. 01

108. 4186.50

103. 0198.64

104. 27

89.0179. 0085. 6997.99

85.20

62. 2544.1565.1682. 65

64.80

44.4043.2949.52

P 82 92p 88. 70p 95 91

p 70. 41

p 70. 75p 83. 16

p 95. 63

p 88. 80p 94. 77p 83. 16

p 100. 30

p 85. 79p 73. 23

p 74 69p 79 98

p 59. 66p 58. 20

p 52. 95

p 87. 15

p 98. 43p 93. 52

p 110. 57

p 93. 73

p 58. 19

' Revised. p Preliminary.9 Includes data for industries not shown.




1<

Novem-ber

56

Decem-ber

Janu-ary


195

June

7


berDecem-

ber


WAGES— Continued

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

All manufacturing industries dollarsExcluding overtime! _ _ do

Durable-goods industries doExcluding overtime}: _ do


dollars _ _Sawmills and planing mills _ do

Furniture 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 . . . doAutomobiles doAircraft and parts doShip and boat building and repairs doRailroad equipment do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable-goods industries _ doExcluding overtime t do

Food and kindred products 9 _ doMeat products doDairy products doCanning and preserving doBakery products doBeverages do

Tobacco manufactures doTextile-mill products 9 _ _ _ _ _ _ _ d o

Bro'-idwoven 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, doChemicals 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


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

Petroleum and natural-gas prod dollars- _Nonmetallic mining and quarrying do

Contract construction. doNonbuilding construction doBuilding construction 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

Service and miscellaneous:Hotels, year-round doLaundries _ _ _ doCleaning and dyeing plants _. do

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

Common labor dol. per hr_.Skilled labor. ___ do__Equipment operators* do

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

Railway wages (averase, class I) doRoad-building wages, common labor (qtrly) do

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 50L 962.802.542 87

1.991.882.022.27

2 05

1.591.251.721.87

1.051.061.28

2.1923.4333.080

2.191

2.051.982.182.092.27

1.741.751.732.012.45

2.62

2.29

2.14

2! 05

2.432.512.342.352.442.071.79

1. 861.801.902.111.791.611.832.16

1.481.501.461.44

1.501.992.132.462.162.31

2.572 672.242.621 521.46

2.342.962.98

2.521.962.822. 552.89

2.001.922.022.28

2.06

1.551.211.711.87

1.061.071.28

2. 1923. 4333.085

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. 4563. 098

.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

2.2203.4573. 106

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

2.2203.4623.107

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

2.2253.4673.118

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

2.2563.4863. 159

2.236

2.072.012.192.132.33

1.841.841.742.042.48

2.63

2.33

2.172.302.06

2.402.462.342.382.492.111.80

1.891.831.932.121.831.611.882.25

1.581.501.451.46

1.492.032.172.512.232.38

2.662.782.232.591.541.49

2.412.933.05

2.652.012.862 622^94

2.041.952.102.33

2.11

1.661.331.771.94

1.081.091.31

2, 2863. 5103. 183

2.272

2.072.012.202.142.34

1.821.811.742.052.53

2.72

2.35

2.192.302.05

2.412.462.352.402.522.111.81

1.891.841.912.141.851.551.892.24

1.611.501.451.45

1.502.062.202.512.252.40

2.692.802.282. 641.531.48

2.47

3.09

2.672.022.882. 652.96

2. 061.942.102.34

2.12

1.671.321.781.93

1.091.091.31

2.2993. 5433.210

932.249

1 S8

2.072.012.212.142.34

1.841.831.762.062.54

2.73

2.40

2.202.302.06

2.432.472. 382.422.522.101.80

1.881.831.902.121.841.621.882.21

1.491. 501.451. 46

1.502. 062.202.512 252.40

2.692.792.272.631.541.49

2.462.913.04

2.632.032.902. 672.97

2.061.942.102.34

2.11

1.671.311.781 . 93

1.091.101.30

2.3333. 5813.221

2.263

2.082.022.222.162.37

1.841.841.772.082.57

2.76

2.42

2.222.322.07

2.462.532.382.452.592.141.81

1.901.841.922.181.871.611.902.23

1.461.511.461.47

1. 512.082.222. 532.252.41

2.732.842.292.661. 551.50

2.492.983. 06

2.712. 052.942.703.02

2.071.952.102.37

2.13

1.681.311.801.92

1.101.111.31

2.3343.5853.237

2.284

2.092.032.23

r 2. 162.38

r 1. 84r 1. 82'1.77- 2. 09

2.55

2.73

2.42

2.222.332.08

2.47-2.54

2. 392.452.572.141.81

1.901.851.942.191.861.641.91

-2.22

1.471.511.461. 46

- 1.49r 2.08'2. 22

2.532.242.41

2.712.822.322. 691.551. 50

-2 .472.983.04

- 2. 64r 2. 04

2.942. 693. 02

2.071.972. 102.38

- 2. 13

1.671.321.811.90

- 1.101.111.32

2.3343. 6043.237

.842. 2541.98

'2.112.052.242.182.39

'1.831.821.752.102. 55

2.72

2.40

-2.232.34

-2.10

2.502.582.412.442.59

-2.14- 1.82

1.921.86

- 1. 962.211.871.631.942 99

1.541.51 "1. 461.47

- 1. 50- 2. 08

2.222.53

- 2. 262.42

-2 .732.84

- 2. 332 72L571.51

2.462.933.05

2. 692.042. 96

3! 04

2. 071.972. 092. 39

2.13

1. 661.311.821.90

1.111. 111.31

2.3363. 6063.242

*2. 11

P2.24

?2.38

p 1. 81

~ ~ V I . ~ 7 6 ~*>2. 10P2.53

v 2.22*2. 34p2. 10

*2. 52

v 2. 15p 1.84

* 1.92

"Vi.'g?"

p 1. 57p 1. 50

P 1. 50"2.08

~p 2. 55~p 2. 27

p 2. 73

"V2.~32~

~ ~ V i ~ 5 6 ~

2.3443. 6293. 248

o.97

- Revised. v Preliminary. ° Rate as of January 1, 1958.tData through 1956 shown in the 1957 edition of BUSINESS STATISTICS are based on adjustment factors; the 1956 figures therein have since been revised to reflect calculations from overtime

hours now regularly collected. Revisions for 1956 appear in the August 1957 SURVEY; the published estimates through 1955 are essentially comparable.9 Includes data for industries not shown separately.§ Rates as of January 1, 1958: Common labor, $2.373; skilled labor, $3.626. Scattered monthly revisions for 1952-55 for skilled labor rates are available upon request.*New series. Data are arithmetic averages of wage rates for equipment operators in 20 cities. The three types of equipment covered are tractors (including bulldozers, on 70-100 h. p.

machines), power cranes and shovels (% cubic yard), and air compressors. For data back to January 1956, see the December 1957 SURVEY.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

FINANCE

BANKING

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

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

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 centersd1 do

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

Reserve bank credit outstanding, total 9 do_ .Discounts and advances doUnited States Government securities do

Gold certificate reserves do

Liabilities, total 9 d o _ . _ _Deposits, 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, adjusted© 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 doL.States 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 do. _Notes do

Other securities _ do_

Loans (adjusted), total© do ._Commercial, industrial, and agricultural doTo brokers and dealers in securities. ___ do _.Other loans for purchasing or carrying securities

mil. of dol_.Real-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. Bank) doFederal intermediate credit bank 1 oans doFederal land bank loans _ _ _ _ _ _ do. _Open market rates, New York City:

Acceptances, prime, bankers' 90 days doCommercial paper, prime, 4-6 months 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 dol.U. S. postal savings! do

CONSUMER CREDIT*(Short- and Intermediate-term)

Total outstanding, end of month mil. of dol__

Installment credit, total do

Automobile paper doOther consumer-goods paper _ _ do __Repair and modernization loans doPersonal loans _ _ _ _ _ _ _ _ _ _ d o

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, 840

5, 2797, 605

52, 46130, 407

1,915

1,2058,855

10, 956

3.003.714.50

3.053.63

3. 0003.49

17,3721,665

40, 831

31,240

14, 4698, 0661,8906, 815

967506

2,9711,744

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, 2227,485

53, 37531,1372,130

1,2088,839

11,069

4 384.224.404 58

3.003.894.63

3. 353.63

3. 2303. 65

17,6261,649

42, 097

31, 827

14, 4598, 5101 , 8956, 963

1,012548

3,0031, 763

454786

204, 51476, 46042, 596

51,85325, 195

66823, 42121,562

51,85320, 20318,882

36526, 698

46.0

58, 076

59. 9514,211

790

21,336

20,214939

12, 625

33, 521

26, 1011,681

68018, 6585, 0827,420

51, 77630, 260

1,689

1,1828,790

10, 868

3.003.984.75

3.383.63

3. 2103.40

17,6111,621

41, 138

31,568

14,4108, 3051,8726. 981

992555

3, 0621,788

444829

177,53667, 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

3.383.63

3. 1653.33

17, 6571,598

40, 738

31, 488

14, 4328, 1601,8597,037

1,019489

3,1201,817

423880

197, 23174, 78642,113

51,01624, 970

99423,14921,627

51,01619, 83518, 629

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, 735

31,524

14, 5288, 0431 , 8567, 097

1,018466

3,1851,836

411938

192, 70172, 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, 45431,4502,113

1,1738,679

11,086

3.004.205.04

3.203.63

3. 1133.48

17, 7801,542

41, 247

31, 786

14, 6918,0171, 8627, 216

984483

3,2341,855

389990

197, 25771, 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, 75631,077

1,765

1,1568, 661

11,144

3.004.225.08

3.253.63

3.0423.60

17,8951,511

41,937

32, 158

14, 8838,0811,8867.308

979454

3,2871,870

3841,033

193, 34974, 51239, 942

51,36224, 816

55823, 03521,945

51,36219, 63018, 376-167

26, 682

47.4

54, 307

57, 3064,2385, 004

22, 484

21,1711,125

13,478

33, 922

26,3102,3341,475

18, 2724,2297,612

54, 28232,310

1,892

1,1848, 649

11,303

4 404.234.394 65

3.004.255.17

3.363.79

3.3163.77

18, 0581,462

42, 491

32, 608

15,1278, 1651,9057,411

1,000459

3,3271,877

4091,041

200, 55974, 50941,711

51, 75324, 691

42023, 35521, 946

51, 75319, 79518, 630

11026, 671

47.2

55, 550

58, 2764,1692,381

22, 529

21,2191,123

13, 352

32, 797

25, 2411,5041,342

18, 1884 2077,556

53, 56831, 738

1,660

1,1428,675

11,412

3.004.295.17

3.383.88

3. 1653.89

18, 0231,432

42, 592

32, 968

15, 3298,1891,9217, 529

1,227501

3,3451,887

4201,038

190, 53968, 40940, 194

51, 62625, 418

98623, 53921. 939

51, 62620, 07918, 975

67026, 861

46.7

54, 973

57, 3743,8782,647

22, 612

21, 2921, 135

12, 836

32, 535

24, 9141, 6231, 562

18, 1073 6227,621

53, 93532, 0121,810

1.1208, 696

11, 355

3.504.365.21

3.783.98

3.4043.91

18, 0641,407

43, 133

33, 303

15, 4908,2291,9547,630

1,197501

3,3541,896

4301,027

189, 29770, 95339, 095

50, 88424, 622

39623, 31221,943

50, 88419, 42618, 399-295

26, 829

47.4

54, 015

57, 1593,8724,008

22, 821

21, 4941, 143

13, 693

33, 335

25, 6541,1971,732

18, 1664 5597,681

54, 56332, 3312,021

1,1188,727

11, 427

4.834.694.855.01

3.504.455.25

3.834.00

3.5783.93

18,205r 1, 383

43, 270

33, 415

15, 5568,2281,9697, 662

1, 225516

3, 3541,904

451999

204, 16877, 43141, 761

52, 03525, 206

78923, 33822, 005

52, 03520, 10318,917

37626, 834

46.9

55, 805

58, 4953, 8571,683

22, 925

21, 6351,111

13, 094

33, 129

25,1911,1561,600

18, 0044,4317,938

53, 61431, 756

1,642

1, 1068,758

11,411

3.504.495.38

3. 754.10

3.5913.99

18, 207p 1, 361

43, 274

33, 504

15, 5798,2361,9887,701

1,224560

3,3291,908

452969

189, 24671.66739, 012

52, 56225, 515

81923, 73322, 083

52, 56219, 99619, 274

r 51227, 260

46.7

T 55, 464

58, 7724, 0051,758

22, 716

21, 4871,060

f 12, 918

r 32, 743

r 25, 0101, 0071,713

17, 898r 4 392r 7, 733

r 53, 329* 31, 527r 1,610

1, 093r 8,777r 11,385

3.004 685.63

3.504.07

3 3373.63

18, 323P 1, 343

43, 530

33, 596

15, 5428, 3001,9967.758

220, 37688, 58443, 692

53, 02825 784

5524, 23822, 085

53, 02820, 11719, 034

027, 535

46 3

56, 887

61, 8874, 3312,458

23, 293

21, 9511, 175

15, 211

34, 329

26, 4231,8881, 752

18, 0074 7757,906

54, 65832, 2372,190

1,1548,761

11, 448

3.353.81

3 1023.04

18, 588p 1, 326

r Revised. P Preliminary.concludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.9 Includes data not shown separately.OFor 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.or on y e s , see p. - .iData are as of end of consecutive 4-week periods ending in month indicated.JRe vised back to January 1955 to incorporate more comprehensive informati

m o n n c a e .hensive information recently available. For revisions prior to October 1956, see the December 1957 Federal Reserve Bulletin.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

FINANCE—Continued

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

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. ___ do ___Consumer finance companies doOther _. do

Retail outlets, total do_._Department stores doFurniture stores doAutomobile dealers doOther . . --. do

Noninstallment credit, total _ do

Single-payment loans do_ _ _Charge accounts _ _ doService credit doBy type of holder:

Financial institutions doRetail outlets - - do __Service credit do

Installment credit extended and repaid:Unadjusted:

Extended total doAutomobile paper __ _ doOther consumer-goods paper doAll other - _ _ _ _ - -do _

Repaid, total ... doAutomobile paper doOther consumer-goods paper do\11 other do

Adjusted:Extended, total _ _ _ _ _ do .

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

Repaid total doAutomobile paper _ . doOther consumer-goods paper do_ ..All other do

FEDERAL GOVERNMENT FINANCE

Budget receipts and expenditures:Receipts total mil of dol

Receipts, net - _ doCustoms do

Individual income taxes doCorporation income and profits taxes __do _Employment taxes doO t her internal revenue and receipts do_ .

Expenditures, total. _ _ . _ . _do_ _Interest on public debt doVeterans' services and benefits -do ._Major national security „_ do. _All other expenditures... .. _ _ d o _ ._

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

Interest bearing, total _ doPublic issues _ __. do _Special issues _ _ __ _ __ do

Noninterest bearing. _ _ doObligations guaranteed by TJ. S. Government, end

of month mil. of dol_ _U. S. Savings bonds:

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

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

Loans receivable, total (less reserves) _ _ _ _ do -To aid agriculture-- doTo aid homeowners -_ . doForeign loans _ _ ___ -doAll other . . . do

Commodities, supplies, and materials doU. S. Government securities - do-B-other securities and in vestments _ _ doLand, structures, and equipment doAll other assets - do

Liabilities, except interagency, total doBonds, notes, and debentures do. __Other liabilities _ do

Private proprietary interest do ___U. S. Government proprietary interest do._.

26, 87711, 6489,0751,9862,9691,199

4,3631,2311,136

5041,492

9,591

3,2584,0722,261

3,2584,0722,261

3,4491,2271,1101,112

3,1941,256

9161,022

3,5121,3531,0471,112

3,1911.238

9351,018

5,7054,818

63

3,436380662

1,165

5,726580407

3,5641,175

277, 017274, 471228, 74945, 7222,546

94

57, 231389692

27, 08411, 7079,1002,0143, 0561,207

4,7431,4081,187

5021,646

10, 270

3,2534.7352,282

3,2534,7352,282

3,8241,2001.3591,265

3,2371,210

9151,112

3,4511,3341,0031,114

3, 2411,251

9531,037

5,8985, 412

59

2,3911,825

3551,268

5,718631405

3, 5761,106

276, 628274, 219228, 58145, 6392,408

103

57, 018390728

1 69, 87320, 6576,7523, 6808,2232,311

21, 3753,7393,6699,985

10, 448

i 6, 4382,7783,6601918

i 62, 516

26, 97411, 6389,0772,0113,0481,200

4,5941,3871,139

4991,569

9,570

3,1994.1112,260

3.1994.1112,260

3,0901,258

8021,030

3, 3491,3071,0071, 035

3,4751,422

9311,122

3, 2951,314

9431, 038

5,2794,809

64

3,126461316

1,311

6,095651410

3, 7411,293

276, 229273, 698228, 36745, 331

2, 531

107

56, 570496

1 070

27, 00811,6629, 0352,0393,0581,214

4,4801,3511,115

4991,515

9,250

3,2733,6902,287

3,2733,6902,287

2,9761,215

763998

3,0561,193

908955

3,5061,408

9601,138

3,257],284

9331,040

7,4866,188

53

4,708445

1, 1601,120

5, 743585407

3,5761,175

276, 269273, 919228, 44945, 470

2, 350

109*

56, 317386728

27. 14811, 7369,0482,0763,0631,225

4,3761,3041,090

5011,481

9,211

3,3703, 5342,307

3, 3703, 5342.307

3.3471,380

8461,121

3,3111.284

9631,064

3,4231,375

9281,120

3,2561,272

9361,048

12, 14510, 737

66

2 8687,327

6921,192

5,584601414

3,700869

274, 999272, 773227, 16945, 6032,226

109

56 068384723

i 69, 89521, 3537,2614 0768,2372, 107

21, 3033, 9233, 7299,8759,713

1 6, 7553,0433, 713i 775

i 62, 364

27,54411, 9819,1042,1273,1051,227

4,2421,1761,075

5051,486

9, 461

3, 3743,7352,352

3,3743,7352,352

3,5941.468

9011.225

3,3321. 305

9271, 100

3,4691.372

9351,162

3,2841,295

9081,081

6 1424,256

65*

3,646520633

1,278

5,987604419

3,9131, 051

274, 008272, 066226, 91545, 1511,942

103

55, 836389707

27,86412, 1439.1762,1673.1231.255

4,2941,2291,077

5101,478

9.779

3,5823,8342,363

3,5823, 8342.363

3,7481,5131,0161,219

3,3761,321

9521, 103

3,5331,364

9931,176

3 3141,306

9201,088

7 7595,282

64

4 587502

1 3141,293

5,944604444

3,7501,146

275, 234273 074226, 93746 1372, 160

103

55, 586394737

28,26312, 3239,3002,2273,1551,258

4,3451,2491,077

5181,501

9,883

3, 5303, 9482 405

3 5303,9482.405

3,6741,494

9981,182

3,2241,250

9141,060

3,5461,3591,0041,183

3 3391,289

9521 098

12 81911 688

58

4 0716 722

5891,378

6 279641409

5, 046182

270 527268 486221 65846 8272 042

107

54 996362

1 076

i 69, 05820 982

6, 8304 3808 3002 305

21 4503,8813 7259,9779 042

1 6 8793,5593 320

1 1, 037i 61, 142

28, 72612, 5089,4762,2843,2091,249

4,2421,1441,072

5251,501

9,624

3,4063,8102 408

3 4063,8102 408

3 8371,563

9951,279

3,4771 361

9711 145

3 5981,385

9951,218

3 3831?318

9641 101

3 7343 057

70

1 316541366

1 441

6 347659377

3,6281 683

272 469270 595224? 272

46 3231 874

107

54 631400890

29,01412, 6079,5652,3443,2341,264

4.2891, 1611,083

5301,515

9,830

3,4583,9572 415

3 4583,9572 415

3,7041,4671,0221,215

3,3691 306

9821 081

3,5901,3571 0251,208

3 3421 276

9771 089

6 4755 128

65

3 806355

1 0031, 245

5 930628382

3,989931

273 845272 018225 30846 7091 828

109

54 364392750

29,12812, 6569,5982,3773.2311,266

4,2871,1671,077

5331,510

9,855

3,4933,9422 420

3 4933,9422 420

3 3881,364

9271,097

3,2761,298

9281,050

3,5441,395

9701,179

3 4201 319

9901,111

8 1097 225

65

3 9862 304

5401 214

5 667630362

3,5891 086

274 412272 688226 467

46 2211 724

115

54 105362713

29,24112, 7499,5852,4153,2291,263

4,2631, 1341,080

5331,516

9,770

3, 4053,9912 374

3 4053.9912 374

3 5451,404

9761,165

3,4561,381

9681 107

3 5411,439

9091,193

3 3581 317

9461 095

3 7963 131

76

1 537429363

1 391

6 501641

274 067272 406226 33846 0681 661

103

53 799337729

29,23912, 7179,5642,4393,2481,271

4,3571,1991,092

5311,535

9,934

3,4584,1352,341

3,4584, 1352,341

3,4391,2501,0201,169

3,3471,287

9561,104

3,5581,407

9611,190

3,3951,292

9821,121

5,8454,827

67

3 512367740

1,158

5,806636

274 747273 132227 14645 9861 615

104

53 533334694

274 898272 874227 075

45 7992 024

104

53 209368813

r Revised. » Preliminary. 1 See note marked " cf".t See corresponding note on p. S-16.§ Effective May 1957, for series E through H.cf Figures are not directly comparable from quarter to quarter, since activities covered vary. Data reflect the condition of activities (public-enterprise and intragovernmental funds, certain

other activities of the U. S. Government, and certain deposit and trust revolving funds) reporting to the Treasury under Department Circular No. 966: excluded from the data are activities(with total assets of $23,612 million) reporting as of June 30, 1957, pursuant to Supplement No. 1. Interagency items are excluded except in the case of trust revolving funds.


S-18 SURVEY OF CUREENT BUSINESS January 1958


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

FINANCE—Continued

LIFE INSURANCE

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

mil. of dol. _Bonds (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.) _. do_.

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

Preferred (U. S ) doCommon (U. S.) „_ do

Mortgage loans, total doNonfarm_ do

Real estate _ _ doPolicy loans and premium notes doCash do__Other assets do

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

Value, estimated total .mil. of dol__Group and wholesale -- doIndustrial doOrdinary total© do

New England . ._ . doMiddle Atlantic doEast North Central __ do__West North Central doSouth Atlantic. do,. _East 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

Annuity payments - _ - doSurrender values doPolicy dividends do

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

Annuities do>Group do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U. S. (end of mo.) .. mil. of dol _Net release from earmark § doExports ..thous. of dol__Imports do

Production reported monthly total 9 doAfrica doCanada doUnited States - do

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

Canada thous. of fine oz__Miexico do.United States do

Money supply (end of month) :Currency in circulation mil. of dol__Deposits and currency total do

Foreign banks deposits net do _ _U S Government balances do

Deposits (adjusted) and currency total^jf doDemand deposits adjusted^ doTime deposits adjusted^ doCurrency outside banks do

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

New York City ratio of debits to deposits. _6 other centerscf do337 other reDorting centers... ...do

95,287

48, 9827,7452,228

13, 9623,842

18, 583

2,9691 7031,254

32, 70630,240

2,8153,4831,1073,225

4,805866531

3,408

215838732260412145

281114370

473.1197.556.39.1

44.186.080.1

21, 910105.7'258

12, 740

78 00052,50012,9005,600

' 1, 3819,435

.914

2,4303,7322,886

31,424227, 000

3,4006,500

217, 200108, 30080,90028,000

48.331.023.6

95, 844

49, 0567,5192,234

14,0053 842

18,808

2,9091 6361,261

32, 99430, 524

2,8293 5051,2733,278

7,1382,736

5563,846

224919816310442152

332160445

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

73 60050,50012,8004,600

2728,869.914

2,3573,0483,168

31, 790230, 510

3,3065,254

221, 950111,39182, 22428, 335

51.829.923.3

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

3,161

210738673249364131

295110354

595. 9236.966.510.9

61.598.0

122.1

22, 252295.9

88, 38634, 498

76, 50053, 10012,6005,000

2,4059,101.914

r 2, 1594,0662,997

30, 614226,400

3,1003.300

219, 900109, 50082, 90027, 400

48.330.022.9

96,738

49, 4707,5442,244

14, 0493 837

19,084

2,9331 6271,287

33, 47931, 001

2,8653,5471,1033,341

5,0001,281

5093,210

211767679250372137

283116347

495.0207.456.48.9

41.994.486.0

22. 30428.0

41, 78711, 980

72 90051,20012,0004,400

9616.396.914

' 2, 0323,7842,925

30, 575225,100

3,1003,900

218, 000107, 00083,60027, 400

48.930.223.0

97, 074

49,5647,4272,251

14, 1103,840

19, 204

2,9411 6281,294

33, 67231, 179

2,8833,5751,0563,383

5,6531,158

5633,932

250959826301449165

346136424

575.8223.868.510.0

45.8108.3119.4

2, 470. 1391 5311.5284.9234.3

1, 247. 8

22, 30616.0

36, 31627, 511

78 30054, 40013,2005,100

70711, 232

.914

' 2, 3464,2483,360

30, 585225,400

3,1005,100

217, 200105, 20084, 60027, 400

48.732.022.5

97,488

49,7677,4302,264

14, 1573 838

19, 314

2,9511 6291,303

33, 84031,334

2,9073 6061,0803,337

5,9071,510

5693,828

241949788282450168

323135412

560.8228.163.59.8

44.1110.6104.7

22,318-5.8

18920,967

54,00012.9004,700

1,1837,958.914

' 2, 2263,2173,735

30, 519228,200

3,2005,500

219,600107, 30084, 90027,400

46.930.3

'22.4

97,868

49, 8997,3402,290

14, 1823,843

19, 442

2,9581 6301,309

34, 02231, 498

2,9483,6331,0583,350

6,2241,680

5743,970

255983843309458173

348150452

551.5233.663.29.4

44.6108.792.0

22,620285.4

14420,121

55, 30013, 1005,000

1,3265,943.913

' 2, 1074,3362,486

30, 836228, 200

3,2006,600

218,400104, 80085, 70027,900

47.130.523.2

98,239

50,0147,2702r290

14, 2593,841

19, 541

2, §561 6201,317

34,15931,620

2,9833, 6571,1183,352

5,5451, 365

5213, 659

234898731297445158

332136427

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

54,80012, 6004,900

1,04510, 820

.905

' 2, 2023, 7933,386

31, 082P229, 100

v 3, 400v 6, 100

"219, 700P105, 600P 86, 400v 27, 800

51.430.423.1

99,005

50,4807,3062,323

14, 3393 837

19,844

2,9931 6221,350

34, 356SI, 794

3,0043, 7031,1133,356

5,2811,090

4923,699

232910770306428156

333145419

551. 2233.454.79.6

46,5107.599.5

22,627-.8168

2,825

56,40012, 8005,800

91716, 241

.903

' 2, 3772,8422,859

30,933"229, 300

P 3, 300p 5. 000

P221, 000pl06, 600P 86, 700P 27, 800

49.530.623.6

99,374

50,6047, 2682,333

14, 3753 842

19 932

&> 0181 6221 375

34,54731 978

3 0323 7311 OSS3 359

4,96375®515

3,689

225880784298436159

332138437

525.3222.155.49.7

44.7105.787.7

22,626-11.4

16328, 738

56, 10012, 6005,800

46516, 695

.909

' 2, 5664,6282,500

31, 133P229, 000

P 3, 200P 5, 700

p220, 000P105, 100p 87, 100P 27, 800

44.728.522.1

99,812

50,7557,2242,340

14T4263,843

20,076

3, 0101 6241,365

34,69732,122

3,0593,7641,1283,399

4, 602672517

3,413

200805725273433152

320130374

496.9202.453.09.1

42.692.597.3

2, 476. 7413.6297.1283.5204.7

1,277.8

22, 635-9.0

35819,290

13, 1005,700

4717,993.906

' 2, 3364,1562,937

31, 073P229, 500

p 3, 300p 5, 300

P220, 900P105, 500p 87, 700p 27, 800

52.231.424.1

100,224

51,0057,2332,352

14,5043 845

20,222

3,0211 6301 370

34,85932 274

3,0853 8021,1123 340

5,7321,244

5103,978

244977826316477165

364154455

587.1248.864.010.2

47.6118.398.2

22, 69136.9172

42,956

13, 9006,500

6815,786.906

2,771

3,334

31, 090p 231, 100

p 3, 300p 4, 800

p 223,000p 107,200p 88, 100p 27, 800

49.929.6

'22.7

100, 597

51,1227 1352,362

14 5533 845

20,368

3,0281 6261 381

34, 98632,396

3,1133 8331,1263 389

5,4691, 181

4653,823

246979796292455157

331146421

525.2222.457.89.2

44.8101.789.3

22, 763-31.2

20626, 948

5,100

50733, 226

.904

2,731

31, 661p231, 000

p 3, 200P 4, 600

P223, 000P107, 200p 87, 600p 28, 500

51.2p30. 7P23.6

.898

58.9p32. 2P 25. 0

r Revised. P Preliminary.j Revisions for assets of all life insurance companies for January-July 1956 will be shown later; those for insurance written for 1956 are shown in the SURVEY beginning with the July 1957

©Data for January 1956-April 1957 include revisions not distributed by areas.§ Or increase in earmarked gold (—).9Includes data for the following countries not shown separately: Mexico (through 1956 only); Colombia; Chile; Nicaragua; Australia; and India.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.(Încludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

FINANCE—Continued

PROFITS AND DITIDENDS (QUARTERLY)

Manufacturing corporations (Fed. Trade and SEC):Net profit after taxes, all industries mil. of dol

Food and kindred products doTextile mill products _ doLumber and wood products (except furniture)

mil of do]Paper and allied products doChemicals and allied products doPetroleum refining. ._ doStone, clay, and glass products doPrimary nonferrous metal doPrimary iron and steel doFabricated metal products (except ordnance,

machinery, and transport equip ) mil of dolMachinery (except electrical) _ doElectrical machinery doTransportation equipment (except motor vehicles,

etc ) mil of dolMotor vehicles and parts doAll other manufacturing industries do

Dividends paid (cash), all industries doElectric utilities, net profit after taxes (Fed. Res.)J

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

SECURITIES ISSUED

Securities and Exchange Commission:Estimated gross proceeds, total mil of dol

By type of security:Bonds and notes, total do

Corporate doCommon stock doPreferred stock do

By type of issuer:Corporate total 9 do

Manufacturing doMining doPublic utility doRailroad doCommunication doReal estate and financial do

Noncorporate, total 9- - doU. S. Government doState and municipal.. .__ do

New corporate security issues:Estimated net proceeds, total do

Proposed uses of proceeds:New money, 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 _ _ do

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

Composite (21 bonds) cf.-.dol. per $100 bond--Domestic municipal (15 bonds) _ do

U. S. Treasury bonds, taxable doSales:

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

Market value thous. of doL.Face value do

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

New York Stock Exchange, exclusive of stoppedsales, face value, total § _ _ thous. of do!

U. S. Government do __Other than U. S. Government, total§ _.do

Domestic do ..Foreign do

1 829

1 15745162745

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

105, 81029

105, 781100, 601

5,180

4,25526296

35163451827162194410

145375190

129378435

2 259

331

1,955

1,75691518316

1 11453818

1604476

153

841390427

1,098

1,0497373121139

427,298148, 455

3362,866

8782,195

91.5991.9171.94

102.8108.188.74

144, 608152, 555

143, 305150, 956

124, 985103

124, 882120, 353

4,525

2,432

2,25491614434

1 094396

2425151

107191

1,337496685

1,075

1,0267942321138

685, 472325, 574

3432,799

8662,006

93.3393.6973.00

102.8108.689.96

116, 182120, 730

114, 750119,016

94, 0600

94, 06089, 4584,590

2,123

1,76976132926

1 11655843

2652247

113

1,007386569

1,092

92772420322

144

568,928454, 707

3222,764

8282,057

93.3393.5776.71

104.2110.991.51

93,60693, 715

92, 47192, 390

74, 80235

74, 76771, 8622,883

4 09922466

12149453806120176390

149385236

120467346

1 804

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

77, 75835

77, 72373, 9333,783

2,362

2,05364726446

95632421

364284896

1,406390763

937

8646532111361

763, 411204, 961

3192,820

8072,104

92.4892.7276.62

104.3109.890.45

105, 432104, 640

104 304103, 350

90, 0650

90, 06586, 1203,935

1,785

1,6756918525

80214211

363548373

983394539

786

7075581491564

538, 533337, 264

3202 833

8172,115

91.6291.8578 23

103.2106.989.41

91, 94996, 698

90 49094 864

87 5371

87, 53683, 3064,227

4,07225865

40130469671170139377

178428226

139386395

1,817

327

2 401

1,9281 074

40766

1 547660

2044425

139213

854362388

1 520

1 4191,051

3683169

387, 502152, 644

3212 918

8202 156

90.1090.3277 28

101.0103 587.12

98, 622103, 748

97 613102 590

87 6260

87, 62683, 0734,538

1,977

1,72477023022

1 022244

442482354

347

954400516

1,006

9304574741560

516, 182271, 697

3272,917

8292,138

89.9390.1675 93

100.0103 586.88

94, 431101, 398

93 18699 907

84, 0542

84, 05279, 8814,159

1,934

1 827830

7631

937246

1425515

129219

997392595

923

905622283

99

595, 240272, 017

3322 863

8162 093

90.1290 3475 44

98.3101 286.92

78, 75085 758

77 60184 401

74 993o

74, 99370 9784,013

3,73732072

42128446642176118293

179339209

121233419

1,766

326

3,980

3,8659139619

1 02834028

426246678

2,9522,263

437

1 012

9498031464024

437, 163252, 251

3392 824

8382 109

89 8690 0875 32

98.0101 386 86

73 22284 634

71 97883 093

73 7060

73, 70669 7983,896

'2.624

' 2, 45687210068

1,03913345

30718

366156

' 1, 584894

••683

1,025

9767732031238

639, 367302, 503

354T 2,608

8791,780

89.6789 8975 34

98.2102 993.19

112, 849130 206

111 565128 615

118 6230

118, 623113, 105

5,516

3,015

2,84169315024

86725422

3131692

125

2,1481,374

615

850

7935652281938

3252 559

8761 697

92 6792 9375 27

98.3103 495 63

94, 231109 879

93 lr>9108 569

99 249

102.7107 5

f Revised. * Preliminary.^Revisions for electric utilities for last 3 quarters of 1955, respectively (mil. dol.): 292; 285; 325.9 Includes data not shown separately.§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds.of Number of bonds represents number currently used; the change in the number does not affect the continuity of series.


S-20 SURVEY OF CURRENT BUSINESS January


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

FINANCE—Continued

SECURITY MARKETS— ContinuedBonds— Continued

Value, issues listed on N. Y. S. E.:Market value, total, all issues § mil. of dol

Domestic _ _. _ _ d o _ _Foreign do

Face value, total, all issues § doDomestic _ __ _ _ doForeign do

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

By ratings:Aaa doAa _. __doA doBaa ... . . -do_

By groups:Industrial _ _ _do_Public utility doRailroad _ _ . _ do

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

U. S. Treasury bonds, taxable doStocks

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

Finance - - doManufacturing doMining _ doPublic utilities:

Communications _ doElectric and gas ... do _ _ .

Railroad doTrade d o _ _ _Miscellaneous 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) do _Railroad (25 stocks) . _ _ ... do ___Bank (15 stocks) doInsurance (10 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) percent--Industrial (125 stocks) do. _ _Public utility (24 stocks) doRailroad (25 stocks) ... doBank (15 stocks) -do _Insurance (10 stocks) do

Earnings per share (at annual rate), quarterly:Industrial (125 stocks) dollarsPublic utilitv (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) doPublic utility (15 stocks) do.-_Railroad (20 stocks) - . . ..do

Standard and Poor's Corporation:Industrial, public utility, and railroad :cf

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 :1N Y City (12 stocks) . do.-.Outside N Y City (17 stocks) do

Fire insurance (17 stocks) _ _ . doSales (Securities and Exchange Commission) :

Total on all registered exchanges:M arket value mil of dolShares sold thousands

On New York Stock Exchange:Market value mil. of dolShares 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_.N umber of shares listed - millions..

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

45.76

48.9248.2733.6031.8231.73

20.3840.7025.95

2,79789, 818

2,40461, 537

43, 550

211,4124,420

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

46.44

49.7949.5933.3831.7031.75

20.2040.9425.17

2,64296, 157

2,27264, 816

46, 422

219, 1764,462

100, 95199, 2531,165

108, 165105, 933

1,596

4.04

3.773.894.014.49

4.023.984.12

3.073.403.33

801.5368.5268.9

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

45.43

48.4348.4832.6232.3231.36

20.3940.3925.86

3,035113,712

2,58977, 245

48, 161

211,9974,489

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. 84

70.44143. 02

43.47

46.1046.4331.5532.2929. 59

19. 6238.4026.70

2,330115,443

1,99787, 467

37, 575

207, 7194,556

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

11. 103 366.36

4.46

167. 16472. 7871.09

143. 12

44.03

46.8646.5632.0832.4529.37

19.5038.8727.80

2,06096, 133

1,72067, 115

35, 652

212,3294,570

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

45.05

48.0648.2632.6733.0329.78

19.4038.8228.38

2, 681108, 533

2,26773, 000

48, 310

221, 5954,587

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

46.78

50.1050.1133.6434.0330.42

19.4238.9628.31

3,296112, 428

2,81872, 669

52, 559

228, 5854,656

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

10.853.31G. 74

4.69

174. 95505. 3372.14

145. 67

47.55

51.3050. 9233.5933.3530.11

19.2538. 6427.99

2,987107, 489

2,54372, 584

44, 479

227, 9284,678

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

48.51

52. 5452.1534.8632.9331.20

19.7539. 5627.73

3,09198, 574

2,62065, 617

48, 262

229, 9244,705

98, 53096,6271,254

109, 336106, 954

1,662

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

45.84

49.5148.4833. 6531. 8929.52

20.1439.5725.66

2,59483, 218

2,21654, 544

41, 409

217, 8984,719

98, 48196, 5731,253

109, 591107, 208

1,664

4.44

4.124.264.434.93

4.314 454.56

3.453 903.64

1,671.8105.0

1, 126. 8134.6

41.2134.561.542.525.7

5. 455.932.444.093.664.04

121. 02138. 7347.6755.76

4.504.275.127.344.813.49

•p 9.30J>3 35v 6. 63

4.79

161. 71471. 7967.44

129. 85

43.98

47.5246.3232.7531. 0927.17

' 20. 1039.0724.70

2,07770, 805

1,78048,090

36, 873

205, 7054,733

99,01597, 0931,276

110, 426108, 010

1, 693

4.46

4.104.284 464.99

4.324 484.57

3.433 793.84

738.2138.8263.5

8.0

141.192.922.164.17.7

5.455.942.443.983.644.04

116. 51133. 5947.1550.88

4.684.455.177.825.083.74

4.80

151. 27443. 3865.18

116. 70

41.24

44.4343.2431.5530.3924.78

r 18. 9036.9623.12

3, 252119, 304

2,82284, 770

63, 983

196, 6754,747

102, 487100, 524

1,236

110, 598108, 173

1,642

4.49

4 084.294 505.09

4.344 494.65

3 7613.57

325. 075.6

134.62.4

1.385.24.3

14.17.5

5.385.862.453.753.624.04

117. 38134. 3048. 6548. 64

4.584.365.047.714.843.56

4.78

146. 87436. 7365.83

104. 63

40.35

43.4141.8730.5230.6822.63

18.4735.7522.19

2,263133, 058

1,967106, 970

48, 217

200, 9194,781

4.33

3.814.084 385.03

4,114 344. 53

3 471 3.28

2, 131. 9224.7

1, 375. 2172.9

45.9143.481.653. 634.6

5.405.882.463.753.724.04

113.20128. 3850. 3045.11

4.774.584.898.315.093.46

4.49

146.03436. 9468.0898.13

40.33

43.2941.3530.2931. 7921.39

18.7335. 7623.45

54.468

r Revised. * Preliminary. > For bonds due or callable in 10 years or more; prior to November 1957 for bonds due or callable in 10-20 years (comparable yield for November 1957 is3.61 percent).

§ 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 shownon p. S-19.

9 Includes data not shown separately.d*Number of stocks represents number currently used; the change in the number does not affect the continuity of series.^Data not shown in 1957 BUSINESS STATISTICS; indexes prior to August 1956 are available upon request.


January 1958 SUEVEY OF CURRENT BUSINESS S-21


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

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 O mil. of dolIncome on investments abroad doOther services and military transactions do

Imports of goods and services, total doMerchandise, adjusted© cf doIncome on foreign investments in U. S doMilitary expenditures doOther services cf do

Balance on goods and services do

Unilateral transfers (net) total doPrivate doGovernment do

U S long- and short-term capital (net) total doPrivate doGovernment do

Foreign long- and short-term capital (net) doGold sales [purchases ( — )] doFrrors and omissions do

FOREIGN TRADE

IndexesExports of U. S. merchandise :J

Quantity 1936-38=100Value doUnit value do

Imports for consumption:}Quantity _ _ _ _ doValue doUnit value do

Agricultural products, quantity:!Exports, U. S. merchandise, total:

Unadjusted 1952-54=100Season allv adjusted - do

Cotton (incl linters) seas adj doImports for consumption, total:

Unadjusted doSeasonally adjusted do

Supplementary imports seas adj doComplementary imports seas adj do

Shipping WeightWater-borne trade:

Export^ incl reexports § thous of long tonsGeneral imports do

ValueJ

Exports (mdse.), including reexports, totalfmil. of dol...

By geographic regions: AVfrica - thous. of dol\sia and Oceania d o _ _ _Europe _ _ do

Xorthern North America .- doSouthern North America doSouth America. - do_

B v leading countries: AAfrica:

Egypt - _ _doUnion of South Africa do

Asia and Oceania:Australia, including New Guinea doBritish Malaya... _ _ _ _ _ _ doChina, iiicludine Manchuria _doIndia and Pakistan.- _ _ _ _ _ _ _ doJapan doIndonesia doRepublic of the Philippines . _ . _ do

Europe:France _ _ _ _ _ _ _ _ d oEast Germany doWest Germany _ doItaly _ doUnion of Soviet Socialist Republics _do _United Kingdom. _ _ _ _ _ _ _ _ d o

North and South America:Canada do

Lathi American Republics, total 9 _do~Argentina doBrazil, _ _ _ _ doChile do

Colombia doCuba _ _ _ _ _ .doMexico doVenezuela do

295629213

169489289

153130164

0)(00)0)

12, 39811,204

1,543.5

33,601239,515416,293

356,097172,576153,760

1,01714, 773

15, 1882,663

030, 35094, 38812, 50324, 363

40, 79996

67, 45734, 868

1488, 321

356,091

306,57817, 38123, 71315, 105

15, 56842, 61180, 86555, 719

6,938417

4,859746916

4,8433,211

163685784

+2, 095

— 1, 049-132-917

— 1, 180-1,079

-101-162

—27+323

380816214

177513289

236192209

13, 58110, 717

2,002.5

56, 026367,787672,616

320,104201,281201,610

2,38024, 577

20,4614,720

064, 304

122,13219, 14131, 467

66, 0810

112,86565, 976

585122,339

320,102

374,29326, 39430, 63318, 580

15, 20556, 14574, 61278, 871

313684219

185539292

182170186

11, 43411, 167

1,680.6

54, 492305,131543,322

303,258167,266170,348

2,14021, 912

13, 9444,057

248, 360

114,11412, 47225, 124

64, 70932

83, 40755, 633

53105,573

303,250

316,95621, 08726, 17916, 355

12, 66947, 87466,99365. 542

299654219

166489294

178167195

11, 2449,679

1,609.1

42,608286,830491,317

312,420164,765140,490

4, 53616, 803

10, 8082,889

446, 703

110,4567,121

26, 699

57, 7096

82, 67164, 395

11093, 928

312,409

286,52720, 88423, 79510, 479

10, 95746, 25170, 40154, 273

7,267605

5, 085621956

5,0183,288

161840729

+2, 249

-1,182-147

- 1, 035

-1,038-780-258

o-348+321

397874220

186549296

195185214

14, 71910, 811

2, 151.0

71,237393,144654,910

363,007212,186249,863

4,24829, 677

20, 8664,012

059, 701

130,50813, 94442, 525

74, 8454

97, 95981, 091

78124,628

363,005

434,45033, 69537, 34922, 592

20, 82563, 75380, 32291, 591

346758219

181530293

166172187

14, 37011, 493

1,864.0

69, 777339,231516,783

371,532189,391217,953

2,66222, 915

13, 0053,925

053, 823

126,50011. 39032, 410

55, 61896

81, 13458, 712

11289, 228

371, 509

380,51031,30443, 37616, 485

14, 17150, 35273, 99580. 696

339738218

182532292

155160217

13, 72313, 505

1,813.7

66, 056325,845478,325

371,172181,589222,310

3,72127, 334

16, 6663,574

043, 307

125,4439,635

30, 140

54,00557

81,51456, 442

11785, 639

371,122

380,67127, 28541, 23719, 214

15, 95848, 81775, 83286. 444

7 774885

5,138736

1,015

5,2903,338

158882912

+2,484

—1, 558-135

-1,423

-1, 558-1,366

-192+635—325+322

336725216

164478292

163186173

14, 13813,280

1,784.5

53, 933315,909469,547

353, 676165,458217,807

2,92423,424

15, 6443,608

349, 225

110, 5028,058

31, 731

50, 2680

72, 53651, 667

1877, 248

353, 644

364,84123, 73552, 57115, 999

17, 26943, 68771, 62079. 780

317687217

190555291

134"174

319

12, 748" 15, 665

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

313653218

177509287

135168206

13, 22115, 205

1, 677. 9

53, 345257, 992419, 977

308, 192181, 518242, 377

2,81924, 827

15, 0713,420

042, 63082, 1654,562

31, 336

42, 74953

71, 79349, 457

25575, 781

308, 167

403, 91926, 73745, 24315, 273

29, 65148, 96577, 43095. 954

6,705446

4,441747

1,071

5, 2253,248

163675

1,139

+1, 480

—1,001-138-863

-546-396-150-188-27

+282

285626220

169492292

142156178

1, 541. 2

45, 271239, 294407, 106

302, 154164, 553210, 574

2, 94619, 299

16, 8012.578

041, 72764, 4437,051

28, 768

33, 9859

68, 16147, 4701,458

96, 978

302, 085

356, 21217,81737, 60015, 454

23. 24744, 95469, 96888.288

308681221

161137162

161146167

1, 672. 9

49, 981265, 712436, 793

316, 098190, 805229, 969

2,92224, 130

26, 6913,237

041, 82476, 8316,974

31, 641

32, 9790

76, 91350,542

388100, 823

316, 080

399, 42520,68040, 52114, 262

26, 56654,30479, 092

101.812

1.681.0

52, 466272, 466444, 886

294, 461202, 238224, 341

2,74223, 675

21, 3953,109

034, 04595, 8008,423

28, 752

33, 5771

79, 83847, 164

4788, 302

294, 456

404, 82318, 52136, 97514, 856

21,84459, 98580, 566

104, 208r Revised. *> Preliminary. l Revised imports indexes will be published later.©Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing. cTExcludes military expenditures.{Revisions for following periods will be shown later: January-July 1956 (general revisions in both exports and imports); July-December 1955 and January-May 1954 (total exports and certain

components only); also for 1941-54, private relief shipments of food products, formerly included with finished manufactures, have been shifted to the manufactured foodstuffs class.fRevised series, reflecting change in comparison base period and increased coverage. Supplementary imports are those similar to, or interchangeable with, commodities produced in the

United States; complementary imports include all other. A detailed description of the indexes and data for earlier years will be available later.§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.f Data include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construc-

tion" shipments) are as follows (mil. dol.): November 1956-November 1957, respectively—119.8; 122.7; 97.1; 121.4; 129.4; 83.7; 102.2; 134.1; 186.8; 141.2; 103,2; 74.1; 86.8.AExcludes "special category" shipments. 9 Includes countries not shown separately.




1956

Novem-ber

Decem-ber

1957

Janu-ary



December

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued

FOREIGN TRADE— ContinuedValuet— Continued

Exports of U. S. merchandise, total^ mil. of dol_By economic classes:

Crude materials thous of dolCrude foodstuffs doManufactured foodstuffs and beverages do. _Semimanufactures 9 . . doFinished manufactures 9 do

By principal commodities:Agricultural products, total© do

Cotton, unmanufactured _ . doFruits, vegetables, and preparations doGrains and preparations _ _ doPacking-house products doTobacco and manufactures do

Nonagricultural products, total 0 mil. of dolAutomobiles, 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 doMetal working § doOther industrial do

Petroleum and products doTextiles and manufactures do

General imports, total .... mil. of dolBy geographic regions:

Africa _ . _ _ . thous of dolAsia and Oceania * doEurope _ _ _ d o

Northern North America doSouthern North America doSouth America _ _ . . do

By leading countries:Africa:

Egypt doUnion of South Africa do

Asia and Oceania:Australia including New Guinea doBritish Malaya doChina including Manchuria doIndia and Pakistan doJapan doIndonesia doRepublic of the Philippines do

Europe:France doEast Germany doWest 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. of dolCrude foodstuffs doManufactured foodstuffs and beverages doSemimanufactures doFinished manufactures do

By principal commodities:Agricultural products total© do

Cocoa (cacao) beans incl shells doCoffee doHides and skins doRubber crude including guayule doSugar do"Wool and mohair unmanufactured do

Nonagricultural products, total© doFurs and manufactures doNonferrous ores, metals, and manufactures,

total© thous of dolCopper incl ore and manufactures doTin including ore do

Paper base stocks doNewsprint doPetroleum and products do

1,532.3

263,856108,14695, 043

223,298841,979

362,71283,35632,832104,36823. 97232, 055

1,169.6

110,28287,06269, 76195, 882

277, 6166,750

25,11872 82420, 552

140 483

91,79948,682

986.6

38,240152 873264, 854

250,14195, 108

185,371

4388,728

6 84121, 966

13813, 04945 06517.43916 254

21 , 284429

44. 24719 4342,936

62, 048

249,900

255 7106, 714

47, 90915 53625 33918,85429, 63368 720

1, 003. 3

237, 671131, 63279 506

260 540293,908

257 3956 103

93, 9643 307

30, 39414 86114 079

745,8633,218

115 31431,06115 56828 31459, 852

106 52?

1,988.3

357,031135,150141,997325,950

1 028 122

543,084144,30331,879

1 56,37034 55145, 608

1,445.2

153,163117,11161, 726

122,558

351,4027 373

31 58786 93225 373

185 116

125 78462, 839

1,059.2

52, 792169 809272,297

237,305113,583213,469

2 65111,447

15 44419. 958

55618, 93444 18518, 42812 373

19 269315

50, 13324 235

1, 12765 622

237 271

301 2159,004

53 69029 27630 50021 , 36633 90970 175

1,052 3

260,357168,35482 244

268 055273,308

309 20811 516

116,7234 105

36 24718 58715 258

743,11011, 627

136 81845 96814 54825 54556,915

113 892

1,668.1

279 144117,992103,093294,362873 458

421,858122,73424, 532

123,12433 48625, 806

1.246.2

125,760102,75055, 692

112 295

300,5279 001

29,97369 31819, 853

158 Oil

111 37550, 925

1,112.9

57, 226185 230268,397

214,281147,869239,910

1,9829.803

16 94016,064

67124. 92647 55416, 58428 904

24 923455

41 41821 9361,018

58 047

214,162

357 46513, 10673 56021 79735 42441,55043 84173 081

1,105 4

253,400200,526102 948264 369284,179

377 70820 179

141,8614 242

29 61644 06725 016

727,71510, 523

r 129 80047 49910 83026 12655, 072

118 510

1,594.9

267 369117,23693,511

287,258829 546

393 924122,49223. 368

127,17725 73123, 289

1,201.0

101,85098, 94155, 458

104.612

279,82811 61529 60267 37416 707

142 434

114 99349, 926

992.8

45, 474147 353214,927

217,116139 588228,324

1 5756, 156

14 48612. 6291 645

1 5, 43538 68913,83621 489

17 362601

41,04916 3421 , 943

50 207

217,080

334 24511,53278. 47215 02635 51735, 16139, 84368 939

1,002.7

228,688206,84188 288

230 938247,958

354 9688 745

163,3863 590

24, 97638 60323 463

647,7458,932

104 83537, 2468 956

27 75952, 936

113 908

2,131.5

320 515129,908135,181368,282

1 177 603

466 927120,08027, 278

149,37336 06927, 464

1,664.6

161,012139 Oil70,961

147,455

424,19215 75248 15491 60630,805

221 127

142 22272,272

1,132.3

71,620178,206278,746

234,119146,991222,577

1 47011,358

11 56516,600

92225, 81046 60414.63429 182

22, 033569

52. 12420 927

56671 898

234,082

332,19914, 53263. 56617 12325 39345. 85236, 95980 468

1,126.8

264,822176,705113,949267 452303,860

357 04514 256

119,7665 342

27, 96345 61023 328

769,7449,125

125 72639, 97611 53126 01353,689

132 113

1,847.6

275,377124,689100,716312,021

1 034,786

386,55492, 16129, 096

135.46325 52426,092

1,461.0

142,859124, 250

79, 561132,553

371,87317 06837, 47784 63630, 253187 435

106 76559, 494

1,117.8

52, 307186,492284, 674

238,062132,495223,752

63310,063

14 43817.511

57522, 16749 0131 7, 20726, 400

26, 257430

53, 61519. 3331.038

70. 308

238,033

322,88712, 00849, 07924, 84930 61940. 82136. 45184, 887

1,086.9

259,334152,103108, 788259,456307,177

329 9558,347

106, 3024 928

38, 24041,90319 383

756,9035,581

120 80337, 4999 610

24, 13357, 970

128 628

1,798.6

264,200110,93188,986

300,6631 033 803

362,200100,92534, 031

106, 61327 48426, 668

1,436.4

147, 769134,02680,631

126, 727

385,34314 43836, 97889 61227, 218

201,931

80, 14860,656

1,104.1

46, 721185,486268,830

259,851138,902204,318

1,1477,838

14,56518, 564

10419,67149, 33816,25022. 926

21,023312

50, 47617,174

1, 63666, 394

259,538

311,94711,87146, 18113. 93424. 52147, 64536, 97886, 630

1,090.9

268,749147,174112,237258,900303,877

311 3217,752

96, 9844, 442

31,26942, 81415 357

779,6157,562

122,08231, 84313 47525, 95957, 139

133,469

1,767.2

248 254134, 10299, 131

281,4491 004 226

382,75780, 74331,963

129, 66629, 67535, 724

1,384.4

113,280112,53284, 443

126,687

354,04012 47831,12580 86225,902

190, 558

70,21153,153

982.6

41, 497159, 071243. 216

239, 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

1,144.7

49, 612199, 826271, 018

263, 187142, 441218, 585

1,23711,216

12, 37220. 092

3423, 00152, 61617,59521, 564

22, 546135

47, 54022, 144

1,02871, 503

263, 128

329. 13910, 30142, 17417, 66847, 98751,71033, 81779, 144

1, 138. 2

289, 950166,403114,137247, 520320, 209

322, 71812, 474

109, 4152,887

28, 28948. 87115. 522

815, 5014,928

106,24630, 52814, 64625, 84462, 950

145, 780

1, 664. 5

228 572105 01578, 895

245, 0681 006 959

313 08051, 77830, 771

103, 62018 37335, 366

1,351.4

110,811118, 94382,085

114, 688

347, 5898 515

28,60487,96426, 388

184, 782

63. 96353,309

1,042.4

38, 815208, 195229, 175

248, 133111,153206, 879

1,1465,853

11,42415,011

4117,05558, 78517, 22621,372

19, 944534

51, 28421, 6632,314

52, 828

248,111

290. 3048,081

42, 57014, 59543, 16141.07726, 79474, 602

1, 044. 4

281. 392139, 414105, 838233, 705284, 091

297, 4004, 854

97, 3394, 578

30. 83141, 63817 523

747, 0414,040

100, 75626, 39511 03428, 78851, 045

139 998

1, 526. 8

241 22488 72194, 496

219 219883 105

332 79256, 66031,31894, 87323 44063, 182

1, 194. 0

92, 347105, 44873, 567

102, 295

315, 1838 635

29,74375 08925,328

161, 647

58,90050,659

1, 007. 1

39,688195, 347246, 678

242, 286104, 265178, 869

2,7148,137

10 27315. 696

3023, 47956 37320,53116 769

19, 216422

47, 62617, 8721,473

66, 229

242, 030

261, 1418,006

48, 61011, 36424 72543, 85828,00265, 598

1, 009. 8

278, 863126, 579103, 794219 720280, 808

288 5445, 337

81,2274 109

28, 34137 02318 757

721, 2195, 850

101 36023, 48411 61926, 96352, 523

117 191

1, 658. 8

258 836102 33394,899

232 683970 047

373 99172, 80436, 919

100, 03921 39161 763

1, 284. 8

100, 741117 00170, 913

107 258

349 5168 253

3t) 06987 84223 809

185 203

60 86556 723

r 1, 144. 7

1,152.3

1, 666. 6

248 863100, 56887, 675

224, 4771,005,042

368 43679,75031, 088

102, 09922, 75541, 367

1, 298. 2

130,906115, 74458, 25194,053

358,3067 076

26, 478103 08726,831

180, 833

64 88458,580

»lf 032. 0

r Revised. * Preliminary. tSee similar note on p. S-21. f See similar note on p. S-21.9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.©Includes data not shown separately.§Excludes "special category, type 1" exports.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Operations on scheduled airlines:Miles flown revenue thousandsExpress and freight ton -miles flown _- do_^ .Mail ton-miles flown doPassengers originated, revenue do __Passenger-miles flown, revenue . _ _ millions

Express Operations

Transportation revenues thous of dolExpress privilege payments do _

Local Transit Lines

Fares average cash rate© centsPassengers carried revenue millionsOperating revenues mil. of dol

Class I Motor Carriers (Intercity)

Carriers of property (quarterly totals) :Number of reporting carriersOperating revenues total thous of dolExpenses total doRevenue freight carried thous of tons

Carriers of passengers (quarterly totals) :Number of reporting carriersOperating revenues, total thous. of dol__Expenses total doRevenue passengers carried thousands

Class I Railways

Freight carloadings (A. A. R.):cFTotal cars _ . - - thousands--

Coal - _- do_Coke doForest products - -~ -do

Grain and grain products _ _ _ _ do_ _Livestock doOre do _Merchandise, 1. c. 1_ . - _ _. d o _ _ _Miscellaneous _ do_

Freight carloadings (Federal Reserve indexes):Total unadjusted 1935-39=100 -

Coal . . doCoke doForest products _ _ _ - -_ do__ _

Grain and grain products doLivestock doOre _ do _ _ .Merchandise, I c 1 doMiscellaneous do. _.

Total, seasonally adjusted do. _Coal doCoke _ _ - _ _ _ _ do.Forest products do

Grain and grain products _ doLivestock _ doOre - - - - - - - doMerchandise 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:Operating revenues total 9 mil of dol

Freight doPassenger do

Operating expenses doTax accruals, joint facility and equipment rents

Net railway operating income doNet income t do

Operating results:Freight carried 1 mile mil of ton-miles

Passengers carried 1 mile revenue millionsWaterway Traffic

Clearances, vessels in foreign trade:Total U S ports thous of net tons

United States vessels doPanama Canal:

In United States vessels do _ _ _

51, 67122, 8037,5223,0401,656

34, 42712, 262

' 15.5T 738

120.6

3,74071663

210

25453

315287

1,843

132122166140

14777

22437

144

128122166143

15061

21537

138

4,2281,104

24

7,8442, 3555, 345

r 887 2<• 758. 4

57.4687.1

112 7r 87.9

68 1

55 2911 4072 047

12 4679 7152 752

3 743'905

54, 23223, 34410, 4822,9161,765

41, 02415, 393

'15.6739

124.4

881955, 411935, 31760, 661

14994, 41588 35969, 084

' 2, 641'532'52

'149

'195'24

••118'205

' 1, 365

121114170127

14346

11034

135

133114162142

15248

35435

143

6,6371,052

191

3, 5071,0242,408

871 0720.671.3

689.3

95 985.895 4

54 1081 3682 601

12 6209 8882 732

4 608L200

56, 25520, 4307,8653,0451,896

31 3919,758

r 15 7728

119 3

2, 56552852

155

2012481

2001,324

117112171128

147447233

130

130112163143

14746

29035

142

13. 3315, 776

326

1, 646551976

855.6724.965.8

688. 6

108 758.343. 1

51, 5911 4522 347

r 11, 779'9 310

2,469

4 253'959

51,68218, 2727,3972,8081,702

30, 1259,019

'15.7668

110.6

2,61652155

154

2022183

2171,364

116109173128

144387735

130

127109163134

14747

30736

138

8, 3293,274

374

2,4061,272

989

815. 5695.957.6

643.3

106 465.747.0

49, 4051 4481,981

10, 8498 5552,294

3 897930

59, 22420, 9308,2423,3262,006

33 44511, 823

15.7732

117.6

848924, 470892, 707

59 397

15084, 76786 03963 154

3, 44669166

203

26428

119290

1,784

120114166131

148408237

134

130114165131

16051

28336

141

6,4282, 331

543

1,8511, 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, 3908,1253,3702,008

29 8279,347

'15 8730

120.2

2,69652549

157

19222

151225

1,375

117108153127

13540

14235

130

120108156127

15345

18835

132

8, 5533, 132

388

1,203348694

886.1758. 859.7

690. 4

114 581.260.6

52, 9621 4632,068

14, 07210 7273, 345

4 397975

59,86323, 6098, 3563, 4332,016

22 5064,939

'15.8743

120.3

2,88853245

159

19123

321220

1,396

122110142129

13440

29035

131

119110143124

15344

18835

130

16, 3398,915

204

889134662

906.5780.559.7

713.6

112 280.864.5

56, 5901 4242,040

15, 20211, 4233,779

4 5861,282

59 65522, 3967 6283,7072,333

22 2156,236

r 15.8661

108.8

837938, 036891, 633

57 2,50

148105, 16794 97368, 308

3,631680

52203

23623

441264

1, 731

124114132134

13633

31334

133

119114135129

13343

20234

129

24, 24816, 797

240

1,773117

1,517

867.9735. 267.8

685.8

108 174.057.3

54, 4771.3962,421

14, 59711, 2003,397

4 5221,233

62, 05821,9697,5523, 5252,253

24,4057.278

15 8648

111 9

2,70740541

149

25120

363201

1,277

11890

136127

18336

33133

126

11390

140126

15243

20733

125

20, 4379,2854,278

1,608672859

872.7734.671.2

695.5

108 668.548.2

51,6241. 4662, 626

14, 81111, 3573,454

4 4411,087

r 63, 56223,651r 7, 749r 3, 741

2,349

30 77011,351

r 15.9646

111.2

3,73668355

209

27829

437275

1,770

126113139135

15542

30535

134

121113145129

14344

20335

133

12, 7496,829

84

2,798683

2,015

929.9788.868.8

701.3

132 296.479.5

57, 9991.4052,537

15, 62912, 2293,400

4,3341,040

60 70823,0087 2203 4462,100

31 96111, 192

15.9663

104.5

150125, 552103 380

72, 094

2,85154441

149

18235

323217

1,361

125117134125

13565

29536

134

115117136116

12049

19634

124

19, 58011, 450

668

1,626418

1,162

873.0747.256.4

673.1

115 784.263.7

53, 1621.4431,997

3,955983

61, 39824,0818,2153,4832, 015

34, 03912, 779

16.0709

114.3

2,92054340

148

21149

289220

1,419

123112125121

14789

24535

134

114112127115

14757

15233

123

12, 7815,913

133

1, 480518903

927.3800.252.5

697.6

130 199.679.8

55, 629

4,305929

16.0676

3,223635

47175

25447

191249

1,626

114108121116

14865

12732

126

112108121118

15152

15232

121

19, 9659, 2752,376

24512792

829.9710.352.9

64.2

3,994832

2,22146133

132

2132164

1731,123

10299

107112

155395928

110

11099

102125

16541

19230

117

54, 07218,23723,057

29230

' Revised.eRevisions for January-October 1956 are as follows (cents): 14.9; 15.0; 15.0; 15.2; 15.2; 15.2; 15.3; 15.3; 15.4; 15.4.cfData for November 1956 and March, June, August, and November 1957 cover 5 weeks; other months, 4 weeks.9 Includes data not shown separately.JRevision for October 1956, $103,600.000.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

TRANSPORTATION AND COMMUNICATIONS— Continued

TRANSPORTATION— Continued

TrarelHotels:

Average sale per occupied room _ _ _ _ dollars ._Rooms occupied percent of totalRestaurant 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 millionsPassenger revenues..- _ _ thous. ofdol

COMMUNICATIONS

Telephone carriers:Operating revenues? thous. of dol_-

Station revenues _ doTolls, message _ _ _ _ . do -

Operating expenses, before taxes doN e t operating income _ _ _. _ _ _ _ _ d oPhones in service, end of month thousands-.

Telegraph, cable, and radiotelegraph carriers:Wire-telegraph:

Operating revenues thous. of dolOperating 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 do . _ _Net operating revenues do

8.3969

257

88, 65378, 79675, 11643, 13924, 299

461

4616,554

520, 872297, 972176, 933352, 45668, 72952, 034

20, 25017, 879

1,713

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, 299

1,371

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, 859

1,763

2,8792,340

272

3,5012,567

833

8.4373

268

103, 026115, 17985, 42345, 46576, 301

726

4597,001

548, 780311,431189, 272362, 39575,81553, 741

21, 03318,3171,732

2,8242,313

239

3,4132,545

767

7.8473

312

105, 765137, 79083,06353, 49582, 7551,183

4166,342

556, 390312, 830195, 422370, 365

75, 66454,005

21, 69918, 9661,733

3,0552,486

287

3,5672,622

844

8.3972

289

125, 338179, 34188, 79158,36757, 2083,127

4697,124

546, 793312, 606185, 727356, 435

78, 33954, 201

20, 77218, 1231,692

2,8402,381

192

3, 3452,629

609

7.9363

252

149, 640175, 60885, 26160, 42551,8925,033

4306,536

556, 214311,922194, 478378, 526

72, 38554, 444

20, 43018,943

545

3,0412, 548

198

3, 4502,739

599

8.7968

270

42, 3205,076

4286,496

562, 223313, 230199, 107367, 91880, 70754, 677

20, 67318, 5351,358

2,7962,463

48

3,4112,637

670

8.5871

271

32, 0892,227

3865,870

547, 338315, 464181, 062354, 79380,11154, 923

20, 43518, 0351,572

2,8402,471

92

3,4102,684

613

9.0177

272

30, 3871,073

3996,062

573, 410325,268197, 052381, 30480,69055, 309

20, 97018,4121.731

3, 2432,282

655

3,6002,771

718

8.8167

262

26, 262430

7.9854

241

28,419

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:Ammonia, synthetic anhydrous (commercial)

short tons_.Calcium carbide (commercial) . __ doCarbon dioxide, liquid, gas, and solid % doChlorine, gas doHydrochloric acid (100% HC1) d o _ - _

Nitric acid (100% HNOs) doOxygen (high purity)i mil. of cu. ft..Phosphoric acid (50% HsPO-t) short tonsSodium carbonate (soda ash), synthetic (58% NasO)

short tons__Sodium bichromate and chromato . doSodium hydroxide (100% NaOH) __ do -Sodium silicate, soluble silicate glass (anhydrous)

short tons..Sodium sulfate (Glauber's salt and crude salt cake)

short tons.-Sulfuric acid:

Production (100% HzSOOt— -thous. of short tons..Price, wholesale, 66°, tanks, at works

dol. per short ton_-Organic chemicals :&

Acetic acid (synthetic and natural), productionthous. of l b _ _

Acetic anhydride, production doAcetylsalicylic acid (aspirin), production doAlcohol, ethyl:

Production thous of proof galStocks end of month total do

In industrial alcohol bonded warehouses, .doIn denaturing plants do

Used for denaturation doWithdrawn tax-paid do

Alcohol, denatured:Production thous. of wine gal--Consumption (withdrawals) doStocks end of month do

Creosote oil, production thous. of galDDT production thous of lbEthyl acetate (85%), production doEthylene glycol production doFormaldehyde (37% HCHO), production doGlycerin, refined, all grades:

Production doConsumption doStocks end of month do

Methanol, production:Natural thous. of gal_.Synthetic do

Phthalic anhydride, production thous. oflb-.r Revised. *> Preliminary.9 Includes data not shown separately.^Revisions will be published later for the following:d"Data (except for alcohol) are reported on basis of

264, 43692, 63759, 862

329, 45780, 754

209, 7462, 838

279, 192

401, 91910,115

358, 153

65, 837

75, 024

1,368

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, 44750, 618

15619, 40825, 041

Carbon dLOO-percen

290, 51292, 79356, 516

341, 12578, 875

231, 6302, 926

275, 711

394, 4979, 649

375, 554

50, 677

75, 265

1,376

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, 62151, 018

17221, 31227, 093

ioxide anct content

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, 428

1,491

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

1 oxygenof the spe

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, 946

1. 512

32. 76631, 21423, 8697, 345

33, 326925

17, 89618, 37012, 135

8,9559,3115,702

82, 526105, 976

19, 64215, 34551, 974

16618, 14427. 242

January-cified ma

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

Septembeterial unle

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, 305

1,570

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

rl956); siss otherw

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, 546

1,473

33, 44426, 51017, 5308,980

33, 5011,044

18, 13319, 0468,181

11,05212, 8806, 061

98, 873104, 614

21, 87317, 78255, 095

20116, 32931, 444

ilfuric aciise mdica

308, 75574, 75291, 533

329, 04873, 214

212, 6162,393

331,083

377, 2029, 341

356, 715

48, 497

66, 537

1,309

22. 35

46, 98267, 3771,223

31, 75526, 59718, 0188,579

30, 7931,071

16, 66517, 7525,978

9, 60311,0238,151

98, 789100, 606

17, 91815,90453, 629

18714, 10830, 519

1 (1955 anted.

293, 66183, 009

102, 664333, 137

75, 785

210, 1252,414

331, 608

358, 7416,286

362, 924

41, 156

65, 448

1,286

22. 35

45, 64367, 140

943

36, 56028, 54219, 8808,662

35, 910725

19, 40319, 0055,561

9,17111, 0588,038

106, 18393, 383

16, 85315, 63852, 065

18616, 69227, 400

d January

294, 50787, 58198, 972

323,40477, 770

2x34, 7722, 647

353, 015

391, 6158,166

354, 015

46, 045

65, 552

1,304

22.35

51, 72676, 8861,240

41, 48128,90823, 5175,390

37, 551812

20,64821, 5344,607

10, 8959,3067,416

109, 117103, 324

22, 01218, 02253, 635

16518, 00024,240

'-July 195

290,62488,94278, 071

329, 62776, 550

217, 441r 2, 645

373, 648

368, 9178,544

367, 350

53, 867

63, 650

1,348

22.35

50, 72581, 027

1,569

39, 04826, 04320, 7805,263

35, 180901

19, 04118, 0425,576

9,8129,1936,938

105, 236105, 068

21, 77016, 76755, 452

10116, 48929,653

6).

322, 55786, 58771,427

338. 29781,811

250, 3622,797

384, 834

401, 7748,982

375,059

58, 500

74, 754

1, 433

22.35

48, 23284.2381,907

41, 10924 44120, 3604.081

41, 087942

22, 21822. 98£4,978

9,8128,9329,801

104, 543123,410

22, 90918, 69254, 288

10718, 66530, 317

310, 53586, 50060, 075

319, 74978, 331

231, 1002, 621

356, 873

404, 1437,169

361, 583

47, 670

72, 709

1, 315

» 22. 35

42, 65427, 77523, 4604, 315

38, 3191,163

20, 67221, 8083,870

10, 244

19,79916,21153,739

134


January 1958 SUKVEY OF CUEEENT BUSINESS S-25


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

CHEMICALS AND ALLIED PRODUCTS—ContinuedFERTILIZERS

Consumption (10 States)© thous of short tonsExports, total 9 _ short tons

Nitrogenous materials doPhosphate materials _ doPotash materials do

Imports, total 9 - doNitrogenous materials, total 9 -- do

Nitrate of soda do> Phosphate 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 tonsStonks, end of month do

MISCELLANEOUSExplosives (industrial), shipments:

Black blasting powder thous of IbHigh explosives do

Sulfur (native):Production thous. of long tonsStocks (producers') , end of month doFATS, OILS, OILSEEDS, AND BYPRODUCTS

Animal fats and greases :cfTallow, edible:

Production}: _ thous. of IbConsumption, factory^! doStocks (incl refined grades) end of month do

Tallow and grease (except wool), inedible:Production t doConsumption, factory^! doStocks (excl refined grades) end of month do

Fish and marine mammal oils: AProduction J doConsumption, factory t doStocks, end of month do

Vegetable oils, oilseeds, and byproducts:Vegetable oils, total:

Production, crude t mil of IbConsumption, crude, factory! doStocks, end of month:!

Crude doRefined do

Exports thous of IbImports, total do

Paint oils doAll other vegetable oils do

Copra:Consumption, factory short tonsStocks end of month 0*0Imports do

Coconut or copra oil:Production:

Crude thous of IbRefined do

Consumption, factory:Crude doRefined do

Stocks, end of month:Crude doRefined do

Imports doCottonseed:

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 doStocks end of monthj mil oflbPrice wholesale drums (N Y ) dol per Ib

Flaxseed:Production (crop estimate) thous of buOil mills:

Consumption doStocks end of month do

Price, wholesale, No. 1 (Minneapolis) _dol. per bu_.

461380, 619

52 707279, 72739 574

238, 657184, 35883,7073,080

37, 214

49.50

160, 260

208, 098401 524

64077, 063

5153 852

r 25, 417W, 93612 109

248, 385133, 372337 568

8,30712, 188

115, 366

649580

584384

98, 02941, 2473,263

37, 983

27, 230

36, 783

34, 51031, 081

47, 12327, 982

59, 5161 5, 91723 557

1,071677

2 353

327, 720186 106

229, 605173, 802

159, 780123,13724 474

227208

3 2954,5573.41

368368, 56191 922

226 04135 031

227 306158, 93778 70210, 21839 842

49 50

179 599

207 611414 207

49467 568

5343 936

r 24, 20715, 78018 986

233 990128, 562342 194

12, 59415, 614

102, 609

615553

616410

197, 95535, 7091,830

33 879

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

237208

r l48 009

2 9714 2493.44

384391, 54168 610

264, 03842 660

167 168113, 04330 4837,336

20 606

49 50

162 814

219 855414 922

54670 015

4953 998

' 24, 29421, 53720 279

236, 928145, 660349 056

1,03113, 62687, 079

647573

602447

167, 77647, 1212,476

44 645

30, 27716 78728, 697

38, 96730, 670

50 09428, 906

73 59215 49222 188

114613

1 6?4

293, 321194 737

207, 691170 536

163, 853131 66631 636

267223

2 3043,5163.40

711400, 63391 201

259 69523 146

203 735101, 56121 2139 672

53 485

49 50

183 140

216 022418 947

72267 094

4404 088

»• 28, 66027, 67620 442

239 230133, 123347 889

51514 68971, 646

587501

596461

145, 26326, 5553,182

23 373

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

288223

2 2393,4333.34

1 307572, 080136 510334, 22266 979

211 583115, 21823 56612, 13832 622

49 50

266 028

229 629322 033

24671 654

4724 102

' 23, 80622, 45320 668

215 198146, 703288 052

41110, 52259, 407

582508

616463

203, 82450, 3332,034

48 300

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

285223

2 5862,0663.23

1,722605, 734117 457364, 17886 548

260 485167, 16194 1899,582

24 101

49 50

269 417

225, 072233 405

22379, 924

4624 049

' 23, 61922,50320 469

208 585139, 888254 929

1,35811, 57054, 107

501471

605456

114, 05539, 4174,769

34 648

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

278195

1,5001,7483.17

1 178547, 058120 399366 275

27 059

214 395144, 26684 59010, 1037 969

48 00

165 546

211 784206 881

13782 235

4294 093

r 28, 85428, 51019 680

230 325143, 522248 253

12, 28012, 42357, 332

472455

597416

76, 55040, 0989, 855

30 243

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

245180

1,5611,4223.16

647560,38281 768

421, 37445 042

181, 884139, 34471, 4617,3434,145

48 00

121 134

170, 519271 568

10778 911

4404 087

r 23, 40923, 26517 364

212 554130, 684250 302

19, 01011, 17766, 412

416471

476367

156, 11332, 6154,800

27, 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

205180

1,5082,3523.07

286545, 08173 414

414, 60337 482

123 05075, 80526 16011,23718 023

48.00

90, 904

162 974308 380

21082,007

4604 153

T 22, 10223, 85517, 107

211, 120109, 670253, 161

34, 14612, 16183,788

436420

492313

77, 36337, 1815,668

31, 512

26, 66312, 35430, 015

33, 75833, 108

47, 87932, 050

40, 6179,259

12, 378

101120164

58, 531251, 816

42, 57748, 915

54, 947101, 71714, 365

154.190

3,0552,7773.07

185582 49787 709

440, 65226 145

181 128105 84036 04912, 02740 859

48 00

114, 455

170 834321 274

19580 288

4704 173

25, 68224, 26016 900

227, 447152, 561247 307

25, 74210, 78577, 512

464464

462272

87, 67939, 4811,707

37, 774

25, 27413, 50422, 787

32, 30035, 421

54, 79335, 775

36, 97610, 02317 813

238142260

71, 002209, 556

48, 39336, 787

43, 777103, 76415, 048

99.185

3,3732,6153.25

301503, 41857 439

394, 73734 449

180 198108 89936 449

7 25635 839

48 00

158 612

188 705339 729

30786, 887

4454 273

23,37724, 08615 055

208, 097140, 566231, 469

22, 95812, 24982, 035

486438

478242

68,91139, 084

38538 699

25, 5039,824

22, 751

32, 60418. 226

32, 81624, 595

52, 2084,467

16 329

504346418

166, 582209, 213

114, 71564, 027

75, 52994, 42915, 571

82. 180

2,9813,7073.40

411464, 97489 941

327,23820 608

49.75

113, 306

r 216, 276r337 193

29982, 141

4624 305

23, 04623,85013 352

237, 040155, 053239, 287

' 23, 743r 13, 753' 92, 372

661585

511269

93,122

32, 62715, 065

41, 58851, 702

76,57341, 806

37, 06511, 245

1,140646912

299, 826249, 383

223, 092108, 132

130, 973116, 52018, 008

95. 195

2,7303,7943.40

392, 04870 852

264,06441 859

*49 75

160 852

205 821369 039

35269 603

4464 355

25, 78623 13713 901

223 282137, 141249 102

7, 87310 56688, 941

638537

566301

54, 992

32, 45023, 979

41, 06934, 712

53, 01932, 532

38 82111, 913

932610

1,233

280, 242261, 578

203, 699127, 828

133, 777109, 61015, 685

114P. 195

2,3734,6623.35

2 25, 754

3.42r Revised. * Preliminary.1 December 1 estimate of 1956 crop. 2 December 1 estimate of 1957 crop.©States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Vir-

ginia, consumption in that State is as follows (thous. short tons): 1956—July-September, 76; October-December, 79; 1957—January-March., 277; April-June, 323; July-September, 79.9 Includes data not shown separately. c"For data on lard, see p. S-29.{Revisions for 1954-October 1956 for edible tallow and for 1956 for the following indicated series will be published later: Inedible tallow, and fish oils (production and consumption, January-

September); total vegetable oils (production, January, February, May, and June; consumption and stocks, January-September); crude cottonseed oil stocks, May; refined cottonseed oil(total consumption and stocks, March-May).

^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.ABeginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other oils, and stocks include only the quantities of

these oils held by producing firms.


S-26 SURVEY OF CUREENT BUSINESS January 1958


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

CHEMICALS AND ALLIED PRODUCTS—Continued

FATS, OILS, ETC.— Continued

Vegetable oils, oilseeds, and byproducts— ContinuedLinseed oil, raw:

Production thous. of IbConsumption, factory _ _ doStocks at factory, end of month 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, refinedt doStocks, end of month:

Crude - doRefinedt do

Price, wholesale, refined (N. Y.) dol. per IbMargarine:

Production _ _ thous. of IbStocks (factory and warehoused , end of mo doPrice, wholesale, colored, delivered (eastern U. S.)

dol per IbShortening:

Production! thous. of IbStocks, end of month _ __do

PAINTS, VARNISH, AND LACQUERfactory shipments, total - _ thous. of dol

Industrial 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 _ d o _ _ _Other cellulose plastics do

Phenolic and other tar acid resins doPolystyrene _do_ _ _Urea and melamine resins doVinyl resins _ _ _ __doAlkyd resins do

Rosin modifications - _ - doPolyester resins doPolyethylene resins. -doMiscellaneous do_

66,56340, 884

111, 301.136

26, 59179, 070

284, 820244, 824

r 240, 007

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

59, 88938, 212

115, 981.136

r H49,44626,98870,354

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

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, 8487,265

52, 39414, 829

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

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

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

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

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

35, 56143, 30922, 26868, 32732, 120

11, 0008,178

56, 07414, 900

61, 48838, 62771,442

.127

24,35418,655

268, 757211, 177202, 512

217, 62998, 925

.175

109, 97725,444

.275

131, 433118, 022

148, 16255, 24492, 918

2,8726,621

233341

32, 60738, 88918, 05763, 27227, 858

9,1497, 209

55, 35714,428

68, 38748, 49673, 249

.133

25,38712, 778

276, 614241, 083222,759

199, 167113, 725

.175

116, 81228, 453

.275

160,503108, 393

152, 08057,60094,480

3,5807,200

318511

37, 04346,52023,59772, 26329,228

10, 0487,336

58, 34915, 313

58, 78743, 66172, 649

!l42

22,2456,370

244, 415210, 216221, 872

182, 123103, 781

.170

120, 73727, 303

.275

160, 293112, 674

132, 56650, 86381, 703

4,1869098281495

37, 40648, 49623, 48672, 23829,993

10, 4426,664

60, 18415,874

52,82943, 34864,345

.148

28,08466,741

306, 746r 252 453r 247,491

194, 319110, 813

.170

137, 80329, 391

.275

176, 608112, 538

134,03256, 16977,863

3,8139 663

330546

45, 31753,41725, 93377, 08832, 979

10, 9917 976

62, 55217 681

45 69935, 69675 380

P. 149

29 22780, 467

313, 366240, 139231, 439

207,885120, 144

P. 170

128,78832,205

*>. 275

168 555114, 493

113, 68949, 57164,118

2479 841

ELECTRIC POWER AND GAS

ELECTRIC POWERProduction (utility and industrial), totalt

mil ofkw.-hr..Electric utilities, total do

By fuels - .doBy waterpower do

Privately and municipally owned utilities doOther producers (publicly owned) do

Industrial p.stabMshTnp.ntpj total doByfuels-- _.doBy waterpower _ _ _ __do

iRates to ultimat.p. cnstomp.rs, total (E"EI)| doCommercial and industrial:

Small light and power do.__Large light and power _ - _ do

Railways and railroads doResidential or domestic _ __doRural (distinct rural rates) doStreet and highway lighting doOther public authorities doInter depar tmental _ _ _ d o

Revenue from sales to ultimate customers (EdisonElectric Institute) t thous. of dol

GASManufactured and mixed gas (quarterly) :d*

Customers end of quarter, total thousandsResidential (incl house-heating) doIndustrial and commercial do

Sales to consumers, total mil. of thermsResidential (incl house-heating) doIndustrial and commercial do

Revenue from sales to consumers, totalthous of dol

Residential (incl house-heating) doIndustrial and commercial do

' 57, 859r 50, 651' 41, 336' 9, 316

' 41, 227»• 9, 424

r 7, 207T 6, 951

'256

44, 526

7,27623, 629

36211,047

76945494247

730, 285

' 60, 157' 52, 898r 42, 896r 10, 003

•• 43, 104«• 9, 794r7,259r 6, 982

'277

46, 092

7,42823, 604

38912, 424

764483946

54

756, 811

3,3593,138

219

572410156

81, 72462, 94818, 324

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

75844098945

775, 742

59, 76552, 44741, 00811, 439

42, 34910, 098

7,3187,005

313

46, 167

7,44023, 509

37912,618

77342996554

762, 232

3,3143,093

219

885688190

115, 09391, 93822, 550

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

3,2823,064

216

526366151

75, 58057, 58117, 467

61, 19154, 34843, 53410, 814

43, 53210, 816

6,8436,628

215

46, 349

8, 58623, 068

31611, 7091,258

35799560

777, 509

62, 64955, 44945, 41610, 033

44, 58510,863

7,2006,999

201

47, 976

8,83924, 026

32211, 9961 339

3881 007

59

796, 383

58,33551, 57342,2919,282

41, 7429,831

6,7626,559

203

47 549

8,68024 010

31511, 8971 189

41598756

793, 554

3,2082,996

210

302179115

48, 50334, 92213, 132

60,29753 15743 11610, 041

42 95610, 201

7,1406,918

222

46,304

7,96924, 120

32611, 493

9"845798842

771, 174

58, 66751 78840,88610, 902

41 65110, 137

6 8796,631

249

r Revised. v Preliminary.1 December 1 estimate of 1956 crop.1 .uecemoer I estimate or iyoo crop. 2 December .1 estimate of 1957 crop.J Revisions for 1956 will be published later for indicated series as follows: Soybean oil (consumption and refined stocks, March-May; crude stocks, April); shortening production, March;

•electric-power production, January-October; electric-power sales and revenue, February-October.cf Totals include data not shown separately. Revisions for 1st and 2d quarters of 1956 are available upon request.


January 1958 SUEVEY OF CUERENT BUSINESS S-27


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

ELECTRIC POWER AND GAS—Continued

GAS— Continued

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) doIndustrial and commercial do

Revenue from sales to consumers, total thous. of dol__Residential (incl. house-heating) doIndustrial and commercial _ do

26, 56724, 4412,107

17, 6545,544

11, 345

883, 299486, 445376, 492

26, 74524, 6242,092

23, 05210, 30811, 826

1, 290, 577827, 558437, 858

26, 70524, 6372 040

16 8985,125

11, 030

851, 014466 161365, 489

26, 81524, 7782 009

14,2232,055

11, 296

602, 220241 943339, 062

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production thous. of bblTaxable withdrawals __doStocks, end of month dio

Distilled spirits:Production thous. of tax galConsumption, apparent, for-beverage purposes

thous. of wine galTax-paid withdrawals thous. of tax gal__Stocks, 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 9thous. of proof gal__

Whisky __ _ doWines and distilling materials:

Effervescent wines:Production thous. of wine galTaxable withdrawals. _ _ _ _ _^do _Stocks, end of month doImports _ do

Still wines:Production doTaxable withdrawals.. _. doStocks end of month do

• Imports _ _ .doDistilling materials produced at wineries do

DAIRY PRODUCTS

Butter, creamery:Production (factory) t thous. of IbStocks, cold storage, end of month doPrice, wholesale, 92-score (New York).__dol. per lb__

Cheese:Production (factory), totalt thous. of Ib

American, whole mUkJ _ _ do. .

Stocks, cold storage, end of month, total doAmerican, whole milk _ _ _ .do

Imports doPrice, wholesale, American, single daisies (Chi-

cago) _dol. per lb__Condensed and evaporated milk:

Production, case goods :JCondensed (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. of lb_.Utilization in mfd. dairy products _do_ _ _Price, wholesale, U. S. average — _ dol. per 100 Ib

Dry milk:Production :t

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. perlb.

5,9476,1719,135

r 23, 063

23, 82219, 331

r 830, 2293,632

10, 73410 325

T 725, 6723,288

12, 54911, 275

188272

1,547115

24, 07013, 879

210, 541874

41, 839

92, 18439, 640

.632

90, 50459, 486

454, 729414, 606

5,332

.390

6,705146, 067

10, 391310, 371

3,38514, 172

5.93

8,6953,120r4. 66

7,29192, 552

11,39067, 095

2,01021, 053

.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

103,19125, 103

.614

96, 57062, 786

441, 082401, 079

5,598

.390

7,593154, 295

9,649224, 025

5,05420, 211

5.93

9,2273,450'4. 52

9,117119, 188

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, 07528, 855

.604

100, 55567,580

419, 992379, 637

5 038

.390

7,350163, 250

9,117156, 420

5,12915, 847

5.93

9,6973,7914.44

7,900130, 650

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

110, 01531,946

.606

96, 66566, 670

390, 308349, 441

3 188

.390

8,275169, 700

9,559123 616

2,8889,200

5.93

9,4643,6184.34

6,500128, 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 6301 2, 485

170, 636598

1,540

125, 67540, 915

.604

115, 61082,160

388, 631346, 277

4 989

.390

6,380212, 450

8,92583 361

7,27015, 064

5.95

10, 9614,2134.19

7 000153, 600

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

133, 45061, 996

.604

130, 70595, 660

391, 289345, 421

4 325

.390

6 350249, 000

9 172153 950

4,8027,861

6.05

11, 4284,6473.99

8 600171, 800

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

159, 08595, 998

.602

162, 510126, 505

424, 917381, 146

3 953

.390

4,250312, 000

9,547244 478

2,53613, 034

6.06

13, 1225,5933.85

10 900215, 700

11, 926119, 757

3 94018,290

.153

9 Oil8,247

11 478

14 063

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 400147, 013

.601

159, 580124, 990

466, 136419 583

4 202

ooo. ooo

3,650278, 000

9,416368 927

1,44416 306

6.05

12,6335,3123.83

10 100200, 200

13, 374144, 368

3 18325, 686

.153

9 8039,191

11 469

8 478

15 12110, 316

848 1182,211

4 0484 177

741* 1972,025

5,3324,171

155105

1 87736

1 0499,248

130 148457

1,192

127 180176,061

.601

136 905104, 880

495, 063449, 472

2 850

.388

6 050244, 250

8,406421 706

3,15312, 149

6.06

11, 6924,5933.99

8 700151, 500

13, 792133, 496

4 56118, 989

.152

8 3548,482

10 805

11 002

16, 99411, 568

845, 1221,942

5 2625 482

739 0481,740

5,6114,219

336155

2.03949

4 13210,888

122 608509

10,566

108 955171, 815

.607

118, 53589, 155

507, 286460, 860

3 208

.388

4 500216, 500

7,572438, 820

3,35019 897

6.06

10, 7943,9294.16

7 000119, 200

12,783113, 910

5 16824, 192

.153

6 8386,884

10 333

23,650

16, 04713, 786

842, 1912,579

8 2147 604

736 3202,332

7,2275 918

172184

2 00759

42 22713, 680

149 569620

97, 449

91 265145, 262

.624

101, 03572, 835

497, 486453 093

3 214

.391

3 950170, 900

7 533428 868

1,71215 762

6.06

9,6113,3074.40

6 70089, 400

11, 06193, 573

2 68129,588

.153

6 7696,517

10, 135

34,060

20,82119,208

838, 122

12, 18910 283

734, 308

10, 5329,023

187276

1,892

69. 44315, 355

206,200

123, 025

100, 540126, 921

.614

99, 580r 68, 810

464. 570425,655

.392

4,475162,500

6,634379 839

2,50416, 375

6.06

9,4123,4544.56

8 200100,460

11, 58281, 114

3 66630, 260

.152

5,2475,7239,337

21,866

16, 014836,771

11, 7439,170

733, 948

8,9317,553

178329

1,722

12, 77412, 476

203,882

25,263

93, 770' 109, 373

.607

89, 18059, 180

••435,950••399,524

.392

3,300137,200

6,469262 925

1,51310, 854

6.06

8, 7833,148r4. 62

7 300104,200

10, 94672, 362

3,72228,929

.152

86,773.609

405, 341372, 056

.396

9,384

P4.53

r Revised. * Preliminary.cf Totals include data not shown separately. Revisions for 1st and 2d quarters of 1956 are available upon request.9 Data beginning July 1956 exclude production of wines and vermouth; for July 1955-June 1956, such production totaled 183,000 gal.^Revisions for the indicated items and for the periods specified are available upon request as follows: Butter, cheese (total and American), dry whole milk, and nonfat dry milk solids—

January 1955-September 1956; condensed milk and evaporated milk—January-September 1956.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

FOODSTUFFS AND TOBACCO—Continued

FRUITS AND VEGETABLESApples:

Production (crop estimate) thous. of buShipments, carlot _ no. of carloadsStocks, cold storage, end of month thous. of bu._

Citrus fruits, carlot shipments no. of carloadsFrozen fruits, juices, and vegetables:

Stocks, cold storage, end of month:Fruits thous of IbFruit juices and purees doVegetables do

Potatoes, white:Production (crop estimate) thous of cwtShipments, carlot no. of carloadsPrice, wholseale, U. S. No. 1 (New York)

dol. per 100 Ib

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats, rye, wheat) thous. of bu__

Barley:Production (crop estimate) doReceipts, 4 principal markets! doStocks, domestic, end of month:

Commercial doOn farms - do

Exports including malt§ doPrices, wholesale (Minneapolis):

No. 2, malting _ dol. per bu_.No. 3, straight do _

Corn:Production (crop estimate) mil of buGrindings wet process thous of buReceipts, interior primary markets doStocks, domestic, end of month:

Commercial _ doOn farms mil of bu

Exports, including meal and flour thous. of buPrices, wholesale:

No. 3, yellow (Chicago) dol. per bu__Weighted average, 5 markets, all grades do

Oats-Production (crop estimate) mil of buReceipts, interior primary markets thous. of buStocks, domestic, end of month:

Commercial _ doOn farms do

Exports including oatmeal doPrice, wholesale, No. 3, white (Chicago) -dol. per bu._

Rice:Production (crop estimate) thous. of bags 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., Term., Tex.):

Receipts rough at mills doShipments from mills, milled rice doStocks, domestic, rough and cleaned (cleaned

basis), end of month mil. of-lbExports thous of IbPrice, wholesale, head, clean (N. O.) dol. per lb__

Rye:Production (crop estimate) thous of buReceipts, interior primary markets doStocks, commercial, domestic, end of month.. _doPrice, wholesale, No. 2 (Minneapolis)__.dol. per bu._

Wheat:Production (crop estimate), total mil of bu

Spring wheat doWinter wheat do

Receipts, interior primary markets thous. of buDisappearance (Quarterly total) doStocks, end of month:

Canada (Canadian wheat) do

United States domestic totalcf ml] of buCommp.rcia.lf thons. of buInterior and merchant mills, elevators, and

warehouses thous of buOn farms do

Exports, total, including flour _do _ _Wheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

dol. per bu_-No. 2, hard winter (Kansas City) do _-No. 2, red winter (St. Louis) do _ _Weighted avg., 6 markets, all grades do

2,08533, 933

6,349

467, 046303, 742905, 439

13, 759

3.500

57, 733

12,027

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, 90129, 787

2.4952.3582.3582.494

1 100,6231,811

26, 578

9,718

450, 562294, 282857, 942

' 243,71612, 333

3.075

73,833

*376 87312, 195

40,122159, 561

3,011

1.2981.258

T * 3, 44510, 69023, 272

93, 8492, 331. 1

15, 578

1.3571.300

r i 1, 1635,304

21, 363696, 376

2,570.829

' i 49,459

75, 19335, 564

97, 309

38, 683115,078

1, 026. 2404, 990

.085

••121,1551,0638,2941.459

rl 1,004.3r i 263.3»• * 740. 9

34, 865312 205

356, 920

1, 487. 3393,211

675 222292 804

51,47744, 109

2.4262.3432.4052.446

1,59519, 814

7,492

422, 805388,388787, 218

15,524

3.533

67, 010

10,537

37, 661

3,386

1.2781.237

11, 73132, 736

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

36, 062

3,675

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

10,760

30, 111104, 052

5,530

1.2681.219

11,31360,072

126, 7441,615.116, 024

1.2901.260

4,950

15,116410, 427

869.778

153, 906129, 567

50, 793

62, 275110,818

651. 7333, 060

.090

2404,8441.412

21, 462301 776

368, 482

1, 187. 8360, 702

558 750165, 959

49, 46542, 599

2.3942.3352.2982.406

1,8043,246

7,783

292, 185505, 397655, 695

17, 712

3.540

69, 143

8,340

25, 343

3,576

1.2631.205

11, 13347, 066

151, 613

12, 313

1.2981.240

5,968

13,240

1,206.727

123,31181, 696

51, 580

17, 955101, 820

509.2246, 261

.089

3022,9661.363

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

8,263

22,224

6,052

1.2381.188

12, 02332, 770

157, 821

14, 124

1.3331.267

4,272

11, 688

I,I§4.738

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

3.658

72, 209

15,480

31,2533 41, 546

3,569

1.1311.036

11,47317,203

153, 6421,118.410, 198

1.3161.292

3,652

12, 0663 191,840

1,237.695

87,30452, 665

44, 158

14, 12286, 565

443.871, 665

.091

3,5312,0231.292

25, 221281, 787

384, 362

3 908. 43313,481

3444,3203 59, 540

56, 84651, 405

2.4162.2682.0572.365

131229

6,966

498, 120504, 187726, 872

10, 797

3.328

49, 127

15, 403

40, 120

4,458

1.1391.055

11, 66117, 375

139, 360

16, 549

1.3371.336

10,607

16, 083

I, 4ll.662

62, 14739, 704

42, 424

27, 618126, 704

376. 5109, 789

.095

2,7306,6921.246

107, 434

401, 176

411, 584

32, 26227, 819

2.4352.1352.1102.221

48340

5,483

550, 700445, 713873, 685

9,417

3.841

59,843

22,973

44,894

3,305

1.1761.115

12, 32121, 525

128, 029

18,643

1. 3121.260

26, 275

24,314

3,490.674

54, 24533, 239

42, 469

70, 42889, 787

256.437, 884

.094

2,1247, 5151.281

65, 777

396, 776

437, 937

33, 99329, 222

2.3612.1122.1082.289

80312, 215

4,176

566, 388398, 485984, 765

9,536

3.290

49, 873

11,809

44,855272, 305

3,820

1.2281.160

11, 71616,864

120,317M16.313, 867

1.2621.184

7,805

25, 4201,079,183

1,694.650

33, 19545, 839

17, 151

485, 373124, 672

472.0147, 210

.093

8527,6841.304

35, 801238, 990

382,848

1, 598. 6412, 237

715, 103388, 390

30, 42525, 845

2.3822.1212.1392.302

3,40648, 634

4,437

545,092337, 273993,230

12,324T 3, 708

57,077

13, 818

41, 471

6,821

1.2641.197

12, 95220,520

110, 211

15, 141

1.1891.151

7,278

22,225

2,133.632

105, 54535, 592

49,380

1,185,118171, 798

989.994, 713

.095

5246,2091.306

29,674

379, 043

417, 052

32, 57927,236

2.4282.1322.1782.326

' 2, 765' 45, 621

r 6, 411

r 522, 747r 274, 368'957,089

' 13, 089

p 3. 349

60,335

12, 357

39,203

6,600

L2481.174

11,68226, 913

105, 664

20,530

1.1571.103

5,090

18,046

2,802.750

' 60, 96833, 836

55, 802

399, 837141, 132

1, 064. 497, 996P. 095

6355,3781.330

26, 913

367, 214

398. 347

29, 77424, 097

2.4392.201(4)

2. 356

2117,3083,190

36,977

8,443

496, 131286, 763883,728

2 236,26813,309

2 435 69513,947

37, 306

1.2241.142

2 3 403

107, 362

1.1481.032

2 1, 308

15,135

.646

2 43, 130

46,96027, 681

58, 179

3 26, 528

4,4881.334

2 947. 12 239. 92 707. 2

377, 420

378, 595

2. 3902.1822.2782.301

r Revised. v Preliminary. l Revised estimate of 1956 crop. 2 December 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).JRevised beginning January 1954 to reflect data compiled from reports based on 5-day weeks (prior thereto, based on 6-day weeks).

in the October 1957 SURVEY. §Excludes a small amount of pearl barley. 9 Bags of 100 Ib.cfThe total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks,f Data for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.

No quotation.Revisions for January 1954 through July 1956 are shown




1956

Novem- Decem-ber her

Janu-ary


1<

June

)57


berDecem-

ber


GRAIN AND GRAIN PRODUCTS— Continued

Wheat flour:Production:

Flour... _ _ _ _ thous. of sacks (100 Ib.)Operations, percent of capacityOffal short tons

Grindings of wheat thous of buStock 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 lb_.Steers, 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 100 lb_.

Hog-eorn 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 arid choice (Omaha) do

MEATSTotal meats:

Production (carcass weight, leaf lard out), inspectedslaughter mil of Ib

Stocks (excluding lard), cold storage, end of month cfmil. of lb__

Exports (Including lard) doImports (excluding lard) do

Beef and veal:Production, inspected slaughter doStocks, cold storage, end of month thous. of lb_.Exports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) dol. per Ib—Lamb and mutton:

Production inspected slaughter thous of IbStocks, cold storage, end of month do

Pork (including lard), production, inspected slaughtermil of Ib

Pork (excluding lard) :Production inspected slaughter thous of IbStocks, cold storage, end of month doExports doImports doPrices, wholesale:

Hams smoked, composite- dol. per IbFresh loins, 8-12 Ib average (New York) do

Lard:Production, inspected slaughter thous. of IbStocks, dry and cold storage, end of month doExports doPrice wholesale refined (Chicago) dol per Ib

POULTRY AND EGGSPoultry:

Receipts, 5 markets thous. of lb__Stocks, cold storage (frozen), end of month doPrice, wholesale, live fowls, heavy type, No. 1

(Chicago) dol per IbEggs:

Production, farm 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' sales thous of dol<5ocoa (cacao) beans:

Imports (incl shells) long tonsPrice, wholesale. Accra (New York). _ _ _ d o l . oer lb__

20, 05589.1

377, 71345, 844

1,766

6.1805.785

7631,8072,689

794

23. 9717.2922. 50

6. 5593,483

14. 59r 11.8

1,1391,085

266

19.2518. 12

2,256

5918322

1,041.7220, 008

10, 89610, 853

.417

52, 15011,016

1, 162. 5

862, 470248, 637

6,2758,247

.471

.409

218, 913103, 48447, 272

.158

90, 347368, 378

.148

4,8851,010

525108. 684

.400

118, 264

11, 549.266

19, 27889.6

365, 41544,126

5, 5723,162

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, 92914,26411, 145

.390

50, 26211,590

1, 026. 6

754, 561279, 768

8,72610, 714

.511

.421

198, 576111,63747, 898

.175

75, 226332, 817

. 145

5, 2801,592

32086, 807

.344

96, 672

20. 669.270

22,16293. 6

419, 91650, 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

2,199

6199327

1,111.7246, 78927, 82711, 588

.371

64, 7519, 715

1,022.6

754, 416293, 332

9,42013, 061

.516

.450

196, 353101,09837,811

.175

53, 211330, 135

.148

5, 3692,249

32874, 848

.308

96, 970

37, 610.231

19, 15689.1

358, 58343, 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, 92944, 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

6319327

918.1194,214

9,52111,003

.376

49, 5048, 100

964.4

703, 006352, 914

6,59213, 745

. 506

.438

190, 755119, 12261,940

.168

51, 969259, 975

.155

5,9023,093

93278, 436

.304

90, 912

27,722.223

18, 94079.1

360, 57043, 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

5966633

906.1168, 599

4,62316,718

.395

50, 6047,330

909.2

661, 271343, 081

5, 42013, 297

.521

.452

182, 122127, 11643, 783

.138

52, 606219, 988

.153

5,7314,032

1, 208107, 568

.318

84, 372

16, 997.255

19, 38381.1

365, 72744,256

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

1,963

5549030

999.1141, 556

3,40416,612

.406

52, 6396,837

911.3

657, 319323, 905

6,41410, 685

.516

.477

186, 287120, 16865, 696

.153

58, 155202, 191

.150

5,6624,001

1,719140, 456

.290

68,374

15,053.253

18, 14483.6

347, 03941,591

4,7462 335

6.0255. 725

6351, 5351,860

160

23.0720.2025. 00

3,9942, 245

18.15

15.1

1,044914108

23. 0021.06

1,721

4858924

904.7123, 321

8,45111,043

.410

46, 7006,870

770.0

559, 379278, 62412, 35910, 805

.532

.505

154, 196107, 11352, 322

.158

50, 582190, 441

.150

5,0383,835

1,812166, 942

299

62,783

24, 757.305

18, 86879 0

365, 96643 319

1,903

6.2105.800

5961,7592,312

272

24.7620.7422.50

4, 1852,294

19.39

15.7

1,2001,108

222

23.7520.60

1,851

3955826

1, 019. 8116, 063

1,63711, 796

.430

53, 3856,399

777.7

577, 734204, 404

5, 03611,121

.543

.512

146, 019101, 80834, 707

. 165

60,319185, 138

.148

4,7862,888

1, 507176, 721

.361

59, 996

21, 710. 305

20, 31785 2

394, 94246, 796

2,048

6.0055. 575

6151,7262,207

475

25.4520. 3324. 50

4, 4182, 326

20. 37

16.3

1,1111, 059

341

23. 7521.14

1,828

3304642

1, 010. 4120, 414

1,77430, 730

.448

49, 7255, 194

767.4

579, 219147,043

4,5597, 040

.561

. 525

137, 94076, 60024, 347

. 160

62, 975202. 178

.153

4,5881,780

1,174164,728

.408

74,812

7,686.321

20, 58495. 1

399, 35347. 311

5, 1891,966

6,0105. 575

6381,6272,491

679

24.8420. 1125. 50

5, 0602, 599

19. 12

16.6

1, 1041,308

502

22. 0021.88

1, 858

30556

'33

960.7113, 584

9,69918, 591

.438

49, 6505, 745

847.8

639, 808134, 085

3, 8649,399

.522

.516

151, 80168, 65030, 532

.168

68, 397261, 146

.153

4, 4161, 350

895147,430

.460

117,739

7,901.346

22, 05788.6

431, 00050,779

2 293

' 6. 1355.585

7421,8012,8611,190

24.4820.1826. 50

6,0943, 114

17.16

15.9

1,2101, 463

690

21. 5021.05

2,169

31865

1, 065. 9118,864

2,770

.422

54, 8705,616

1, 048. 6

788, 160138, 412

4, 269

'.479.480

189, 47867, 71743, 376

. 158

79, 337377, 207

.148

4,5971, 156

552124, 272

.523

r 126, 988

.354

19, 54190.6

381, 05644, 959

2,437

* 6. 215P 5. 635

5981, 5152,158

973

25. 0621.4127.50

5, 5052,780

16.79

•• 17. 0

958930248

22. 0021.06

1,920

37063

896.1>• 142, 236

2,483

.436

44, 053' 5, 309

979 8

730, 191<• 163, 656

5,379

P. 490.473

182, 59278, 91836, 566

v. 150

87, 423-362,059

P. 148

4, 587

-302' 99, 230

.444

117,280

P. 427

5691,473

25. 7422.68

5, 523

17. 95

18. 1

978

22. 6221. 30

399

145,825

.447

5, 241

194, 298

78, 059319,040

5, 035

21175,442

.414

r Revised. * Preliminary.cf Prior to 1957, figures Include data for sausage and sausage-room products and edible offal: figure for December 1956 comparable with those beginning 1957, which exclude such items, is

606,490,000 Ib.


S-30 SUKVEY OF CUEEENT BUSINESS January 1958


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber


MISCELLANEOUS FOOD PRODUCTS— Con.

Coffee:Clearances from Brazil, total.- _ _ - thous. of bags of -

To United States _ ._doVisible supply, United States doImports doPrice, wholesale, Santos, No. 4 (New York)

dol. per l b _ -Fish:

Stocks, cold storage, end of month thous. of lb-_Sugar:

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 _ do

Hawaii and Puerto Rico do

Deliveries, total doFor domestic consumption . -do -For export do

Stocks, raw and refined, end of monththous. of short tons.-

Exports _ short tons-.Imports:

Raw sugar, total 9 - - - - - --do -From Cuba . doFrom Philippine Islands __do _ . .

Refined sugar, total do_From Cuba _ do

Prices (New York) :Raw, wholesale dol. per Ib -Refined:

Retail § dol per 5 IbWholesale dol. per Ib

Tea, imports .. - - thous. of l b _ _

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 lb-_Im ports 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 thousandsManufactured tobacco and snuff, tax-paid

thous of IbExports cigarettes millionsPrice (wholesale), cigarettes, manufacturer to whole-

saler and jobber, f. o. b. destinationdol per thous

1,326700

1,1111,379

.600

200, 403

' 1, 032

794, 492282, 508189, 762

669, 695666, 768

2,927

1,614624

138. 54898, 87328, 8972,5411,451

.063

.512

.0884,777

42, 7639,940

15, 3466,3315,9703,045

2,58533, 585

r 632, 158

14, 949907

3 938

1,584898965

1,667

.603

196, 091

873

545, 449199, 55586, 308

665, 436661, 137

4,299

1,906440

171, 386151, 084

03,0161,075

.064

.518

.08810, 344

' 2 2, 179

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

9882.020

.610

168, 596

563

115, 426519, 98850, 532

590, 353585, 089

5,264

1,826564

350, 622231, 559119, 04145, 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

1,1812,405

.609

145, 404

1,640

53, 164453, 61193, 376

538, 498536, 683

1,815

1,8091,205

310, 708214, 60196, 10836, 01231, 080

.061

.526

.0897,417

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

1,813604

351, 330218, 573127, 28064, 53259,880

.062

.525

.08910, 402

5,213

348

4, 666

24175

32, 4329,662

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

1,757428

330, 570227, 221103, 34950, 56045, 033

.061

.5261 .0849,981

30, 50610, 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, 739911, 362

2,377

1,328584

336, 130250, 58780, 71733, 12725, 051

.066

527i .0848,525

4,846

332

4,281

24209

39, 9029,215

15, 1046, 1335, 6833, 288

3,29734, 189

449, 722

14, 5061,491

3.938

1,025606954

1, 579

.565

168, 485

2,445

37, 006694, 255232, 497

878, 655874, 797

3,858

1,180985

377, 358285, 93170, 69348, 60443, 918

.066

.5321 .0858,437

28, 44711,715

13, 6085,8465, 4992,264

2,97935, 248

478, 149

13, 7471,588

4.281

1,102596927

1 445

.545

189, 195

1,945

51 685653, 440245, 582

833 099829, 565

3 534

1,0002,239

315, 157219 75466, 83649 37641, 029

.062

534!.0858,202

40, 9889,383

16, 5846,5926,7853,207

2,76338, 013

525, 171

16, 6191, 524

4.281

1.250686

1,0051 247

.533

203, 122

1,620

138 695533 398141 310

782 327779, 501

2,826

823355

314, 463266, 46640, 11720 5088,270

.062

5361 .0847,396

4 918

298

4 403

26190

77, 04211, 837

15, 6746,1286,5642,982

2,81934, 684

500, 346

15 2721,353

4.281

1,330825794

.540

'204,960

1,370

589 229472, 464193, 831

711 151r 708, 582

2 569

f 1, 2131,199

.062

.5361 .084

74,386

17, 5196,6967,5143,309

2,64638, 248

r 562, 622

16, 8471,220

4.281

1,6091,115

980

.552

203, 386

862

411 510147 394

604, 707

1,759403

p. 062

537v i 084

47, 625

13, 9515,4925,6652,794

2,57531, 545

574, 369

13, 7251,568

T> 4. 281

.552

663

3 1 680

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports total hides and skins 9 thous of IbCalf and kip skins thous of piecesCattle hides doGoat and kid skins doSheep and lamb skins do

Prices, wholesale (Chicago) :Calfskins, packer, heavy, 9^/15 Ib dol. per lb_.Hides, steer, heavy, native, over 53 Ib ...do

LEATHERProduction:

Cattle hide and side kip thous of hides and kipsGoat and kid thous of skinsSheep and lamb do

Exports:Sole leather:

Bends backs, and sides thous. of lb-_Offal, including welting and belting offal do

Upper leather thous. of sq. ft _Prices, wholesale:

Sole, bends, light, f. o. b. tannery dol. per lb_ .Upper, chrome calf, B and C grades, f. o. b. tannery

dol. per sq. f t_ .

7,8984321

1,3251,429

.488

.128

7372,1971,8592 155

8422

2,000

. 625

1. 145

9,88015032

1,9361,119

.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, 30897

22,2913,220

.463

.095

8132,1641,9512,359

12420

3,840

.610

1. 145

12, 039132

11,7373,245

.513

.095

7442,1181, 9592,369

668

2,831

.595

1.158

11, 0479210

1,6072,784

.513

.108

8002,1682. 0052, 453

3736

3,126

.595

1.180

9,89511623

1,8212,065

.550

.118

7322,1301,8142,148

8836

2,913

.615

1.185

6,70215910

1,361710

.488

.133

5461,8871,7741,722

3512

2,148

.625

1.208

10, 9174620

1,4944,417

.450

.138

8182,2621,7852,189

8787

3,137

.625

1.175

9,9689315

1,6102,058

.450

.123

'6862,0291,7041,975

10832

3,245

.630

1.165

.450

.118

7862,3182,0952,041

8525

3,443

.630

1.158

p. 438P. 103

6113

2,802

p. 630

P 1. 158

:::::::n

••Revised. *>Preliminary.i Beginning April 1957, data exclude excise tax; earlier data include excise tax ($0.005 per Ib.).d"Bags of 132 Ib. § Data represent price for New York and Northeastern New Jersey.

2 Revised estimate of 1956 crop. 3 December 1 estimate of 1957 crop.9 Includes data not shown separately.


January 1.958 SURVEY OF CURRENT BUSINESS S-31


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers: 9Production total thous of pairs

Shoes, sandals, and play shoes, except athletic,total thous of pairs

By kinds:Men's _ _ _ doYouths' and boys' doWomen's _ _ _ _ _ d o _ _ .Misses' and children's doInfants' and babies' _ do _

Slippers for house-wear doAthletic . _ . do_ . _Other 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

46, 491

38, 186

8,4621,520

19, 3755,7873.042

7,236607462264

124.1

131.3117. 4

41, 668

37, 022

7,7271,687

18, 8015, 8762,931

3,944508194326

124.1

131.3117.4

51, 465

47, 574

9,1981,980

25, 4297,4093,558

2,715504672225

124.1

131. 3117.8

51, 250

46, 172

8,8581,813

25, 0786, 9863,437

4,129490459272

124.1

131. 3117.8

54, 925

49, 045

9, 7551,993

26, 7996,8093,689

4,759571550421

124.1

131. 3117.8

52 697

46, 798

9,4932,166

25, 5376,1783,424

4,892479528385

124, 1

131.3118.9

49 339

43, 029

8,9642,004

23, 1575,7123,192

5,280502528274

124.1

131. 3118.9

45 226

38 964

8,1941, 963

20, 7715, 4372, 599

5,075533654213

124.1

131 3118.9

46 016

40, 087

7,4812,113

22, 4125,4512,630

4,982409538231

124.4

131.3118.9

54 968

46 486

8,8442, 433

25, 7016,4403,068

7,416501565317

124.4

131 3118.9

48 800

40 571

8,4972,151

21, 0955,9372,891

7,466484279368

124.4

131 3118.9

51 091

42 026

8,7942,071

21, 6616,2733,227

7 913496656352

124.4

136 2118.9

43 815

35 980

7,8491,674

17, 8015, 7682,888

6 774486575312

p 124. 4

v 136 2•p 118. 9

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES %

National Lumber Manufacturers Association:Production total mil bd ft

Hardwoods doSoftwoods do

Shipments, total doHardwoods doSoftwoods do .

Stocks (gross), mill, end of month, total _ doHardwoods doSoftwoods _ _ _ _ .- do _

Exports, total sawmill products _M bd. ft _Imports, total sawmill products do

SOFTWOODS tDouglas fir:

Orders, new mil. bd. ftOrders, unfilled, end of month .. _ doProduction _ doShipments doStocks (gross), mill, end of month do

Exports, total sawmill products.. .Mbd.ft.Sawed timber doBoards planks, scantlings, etc _ do

Prices, wholesale:Construction, No. 1, dried, 2" x 4", R. L.

dol. per M bd. ftFlooring, C and better, F. G., 1" x 4", R. L.

"*"* dol. per M bd. ftSouthern pine:

Orders, new -' _ mil. bd. ftOrders, unfilled end of month doProduction _ _ _ , _ _ . _.do -Shipments doStocks (gross), mill and concentration yards, end of

month mil. bd. ftExports total sawmill products M bd ft

Sawed timber _ _ doBoards, planks, scantlings, etc do-__

Prices, wholesale, composite:Boards, No. 2 and better, 1" x 6", R. L.

dol. per M bd. ft..Flooring, B and better, F. G., 1" x 4", S. L.

dol. per M bd. ft_Western pine:

Orders, new - mil. bd. ftOrders, unfilled, end of month doProduction _ _ do ..Shipments . _ . _ _ d oStocks, cross, 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. ft-Orders, unfilled, end of month doProduction _ _ _ _ _ _ doShipments doStocks (gross), mill, end of month do

Oak:Orders, new doOrders, unfilled, end of month ._ _do_ __Production _ .. _ doShipments doStacks (gross), mill, end of month ...do

2,954572

2,382

2,802524

2,278

9,6293,6196,010

55, 235279, 133

688* 537

761" 729

1,044

24, 26914, 11710, 152

81. 603

130. 646

561174632585

1.8886,9791,8415, 138

81. 794

153. 970

563319621605

2, 110

70. 100

4,00013, 2503,7003 3507, 300

74 84332, 29686, 46280 601

101, 492

2,520518

2,002

2, 375477

1,898

9,7773,6606,117

82, 249227, 018

683608623612

1,056

37, 58422, 22515, 359

80. 654

130. 034

463158562479

1,9719,5361,8097,727

82. 062

153. 542

573365518527

2,103

71.460

3, 95013, 3503,6003,3757,500

62 52529, 63070, 98565 903

106, 574

2,635529

2,106

2,543479

2,064

9, 8713,7106,161

57, 608175, 509

631586670653

1,073

22, 77512, 8589,917

81. 989

131. 320

594178674574

2.0716,8511,2035, 648

80. 465

152. 133

558375467548

2,024

72. 520

4 25013 7504,3003 8508, 100

80 67133, 57387,01078 490

115,094

2,607539

2,068

2,488504

1,984

9,9903,7456,245

66, 281206, 698

614584671616

1,128

35, 04019, 43715, 603

80. 905

131. 308

557180570555

2,0867,5051,4516, 054

78. 395

148. 779

528394503509

2,018

73. 380

3,47514 0253, 7003 1508,650

73 68337, 62474, 46769 632

119, 929

2.842522

2, 320

2,795497

2,298

10. 0373,7706,267

80, 365250, 060

727635737676

1,189

33, 83119, 69214, 139

80. 170

129. 746

634166616648

2,0549,2402,2177,023

78. 135

148. 473

648451577591

2, 004

73. 380

3, 95014 1503. 7503 3509, 150

92 44250, 51472, 56177 471

111,676

2,941472

2,469

3,027483

2,544

9, 9523,7596,193

66, 776241, 941

780628765787

1, 168

31, 37020, 42610, 944

80. 893

128. 288

674191633649

2,0388,2831, 9466,337

77. 785

147. 821

680430676701

1,979

74. 190

4,00013 8504 2003 7509 550

88 98057, 08777 73081 707

106, 162

3,055461

2,594

3,140481

2,659

9,8673,7396,128

83, 948241, 931

857675789810

1,147

32, 94821 , 40311, 545

80. 164

126. 500

699193663697

2,0047,7881,0176,771

77. 792

1.46. 412

725433715722

1.972

74. 610

3, 75013 9503,4503 7009 300

86 01955^ 68083 61084 113

103, 814

2,884463

2,421

2,967476

2,491

9,7823,7266,056

67, 790257, 755

705617696763

1,080

30, 94216 67414, 268

80. 176

126. 151

659218613634

1,9838,7421, 3827,360

77. 183

145. 800

676430707679

1 998

74. 120

4,05014 3003 2253 7258 950

68 16852, 10274 89774 478

103, 134

2,728470

2, 258

2,813429

2,384

9,6963,7675,929

76, 729293, 852

679620620676

1,024

27, 41613 14214, 274

80. 770

126. 151

668219640667

1,9569,0081,4897,519

77. 272

146. 794

683439656674

1,979

72. 370

4,20014 9503 1503 8008 350

69 51647, 89673 58173 722

101, 770

3,107545

2,562

3,147524

2,623

9,6553.7885,867

80, 875264 043

644546704717

1,011

26, 5889 560

17 028

80 299

125 538

689206660702

1,9146 6001 6314,969

76. 759

145. 224

687381782775

1 986

70 500

5 15014 2504 1004 7008 050

77 59744, 11381 53381 380

101. 923

2,883529

2,354

2,866525

2,341

9,6723 7925, 880

70, 607267 167

614516646643

1 013

53, 68736 86316 824

78 853

123 039

642203622645

1,8917 1521 5045,648

76. 308

145.224

643391701664

2 023

68 810

3 35015 3003 8503 0008 850

70 08041,51674 51675 681

100, 758

3 024518

2 506

3,091548

2,543

9,6113 7615,849

64, 426

663468687711995

24, 97710 84814 129

r 78 614r!22 071

688186687705

1,8737 3981 5835,815

»• 76. 490

r 144. 979

709375728725

2 026

r 67 690

3 65013 9504 2003 7509*350

79 63338^ 81581 57084 22295! 291

2,493458

2,035

2, 473509

1, 964

9,6023 7105, 892

54,838

578472598574993

22, 2349 859

12 375

p 77. 380

v 120. 631

503140558549

1,8825 921

8305,091

v 77. 240

p 144.979

460320544515

2, 052

p 67. 690

3, 22513 5003,5003 2759 475

63 54935, 06367 74567 30193] 293

r Revised. *> Preliminary.9 Revisions for production for January 1955-July 1956 will be shown later.J Revisions for January 1954-July 1956 are shown on p. 24 of the November 1957 SURVEY.


S-32 SURVEY OF CURRENT BUSINESS .Taiiunry


19

Novem-ber

56

Decem-ber

Janu-ary


19

June

57

July August Septem-ber October No vein- Decem-

ber !>er

LUMBER AND MANUFACTURES—Continued

PLYWOOD

Hardwood (except container and packaging) :tShipments (market), quarterly total

M sq ft , surface measureInventories (for sale), end of quarter . do

Softwood (Douglas fir only), productionM sq. ft., W equivalent.. 444, 773

'209 575r 50, 457

506, 066 439, 595 405, 013

196 02239, 232

404, 061 473, 105 505, 074

191, 87937, 276

466, 993 412, 559 467, 882

193 17634, 152

450, 513 512, 401 '440,025 435. 850

METALS AND MANUFACTURES

IRON AND STEELForeign trade:

Iron and steel products (excl. advanced mfrs.):Exports, totalt— thous. of short tons

Scrap _ _ _ doImports, totalt do

Scrap do.

Iron and Steel Scrap

Production and receipts, total thous. of short tonsHome scrap produced doPurchased scrap received (net) _-do...

Consumption, total _ _ doStoeks, consumers' end of month do

OreIron ore:

All districts:Mine production.. thous. of long tonsShipments doStocks, at mines end of month do

Lake Superior district (IT. S. and Canadian ores) :Shipments from upper lake ports doConsumption by furnaces _ . d oStocks, end of month, total do

At furnaces doOn Lake Erie docks do

Imports doManganese ore, imports (manganese content) .do

Pig Iron and Iron Manufactures

Castings, gray iron:Orders, unfilled, for sale, end of month

thous of short tonsShipments, total do

For sale d o _ - -Castings, malleable iron:

Orders, unfilled, for sale, end of mo short tonsShipments, total . - ._ do

For sale doPig iron:

Production . . thous. of short tonsConsumption ... _ - __.do...Stocks (consumers' and suppliers'), end of month

thous. of short tons..Prices, 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, end of mo thous. of short tons..Shipments total do

Drop and upset doPress and open hammer do

Steel ingots and steel for castings:Production do

Percent of capacity cfPrices, wholesale:

Composite, finished steel dol per IbSteel billets, rerolling, carbon, f. o. b. mill

dol. per short ton_.Structural shapes (carbon), f. o. b. mill. dol. per IbSteel scrap, No. 1, heavy melting (Pittsburgh)

dol. per long ton..

Steel, Manufactured Products

Ban-els and drums, steel, heavy types (for sale):Orders unfilled end of month thousandsShipments . _ _ _ _ _ . _ d oStoeks, end of month do

Cans, metal, shipments (in terms of steel consume^,total for sale and own use short tons

Food doNonfood ._ _. _do

Shipments for sale ..do. _.Closures (for glass containers) , production . millions.Crowns, nroduction .thousand gross..

95652329826

7, 1083, 9413, 1677,0636, 958

8, 35110 288

5, 327

8, 8017,485

50, 53745 9474,591

2, 60665

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. 60

1,8951,878

61

265, 169] 54, 249110,920219, 267

1,43616, 706

1 203661226

29

7, 4753, 9703 5057, 0177 416

4, 8374 4485 699

1,5807.840

45, 50841 2314,277

1,61099

9201, 109

587

92, 31176, 35244, 268

7, 3367,164

2,355

62. 4562. 5063. 00

158,725125,56934, 080

537 91 29! 696.333. 3

10,83899

. 0628

84. 00. 0527

66. 50

1, 7081,874

62

267, 144153,092114,052221, 290

1,28016, 941

1 02354721421

7. 3204, 0703, 2517,4277 312

3,8411 9017,649

07,892

37, 48433 5803, 905

1,69295

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

1,02862018420

6, 7413, 7442,9976, 7637 306

3, 5601 8179 398

07,099

30 11026 8173, 293

1,35989

9311,103

582

90, 72578, 02846, 729

6, 6586,563

2,241

62. 4562. 5063. 00

154,932121.667

27, 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

1,426800188

11

7, 1103, 9593,1517,0497. 361

3, 7171 855

1 1 , 254

07,602

21, 94119 6722,270

1,45890

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

1,314668180

8

6, 5243. 7642, 7596. 5147, 376

6.6775 581

12, 390

3,9877, 158

17,16715 170

1,996

1.80190

8991,120

611

83,11680. 27151. 320

6, 8716. 559

2. 524

64. 0564. 5065. 00

162. 498124. 54929. 708

496.9] 39. 0103. 435. 6

9,81590

.0633

89.00.0567

41. 50

2.3262, 1(50

78

506, 425335. 566170, 859446, 336

1,44329, 068

1,28467218815

6, 3763, 8492, 5266,4447, 307

12, 58713 39311,543

12, 7287, 375

22,71220 266

2, 446

3,18788

8801,112

625

79, 78776, 50446, 277

6,9456, 567

2, 711

64. 0564. 5066. 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

1,21150216216

6, 0863,6282,4586, 0827.309

14, 44016 0749 914

13, 5976, 931

29 57026 8232,747

3, 626108

8531,058

599

76, 33172, 55644, 639

6, 6606, 353

2,791

64. 0564 5065. 00

153, 647119,35331, 338

445.1128.592.935.5

9,39186

. 0635

89.00. 0567

56. 50

2,3512,124

71

360, 530203, 957156, 573308, 197

1,38228, 791

1,163491216

18

6, 0403, 4892,5515,4857 866

14, 30315 8868 322

14,2127, 157

37 14833 9753 173

4.40398

880954523

80, 69457, 74834, 876

6,6926, 226

3,224

65. 2364 5066. 50

122. 01890, 03722, 803

430.7104.179.125.0

8,90979

.0677

92.50.0594

55. 50

2, 1 562,050

86

452, 994271, 056181, 938404, 235

1,37131,041

1,11757519823

6, 4633. 7432, 7205, 9358,393

14, 37015 1877, .504

13, 1727. 039

43 95140 3803 571

3. 93395

8261,076

597

84, 87665, 42639, 644

6, 7826,462

3, 457

65. 9566 0066. ,50

145,926111,08033, (541

417.5115.488.427.0

9, 23482

0677

92. 50. 0594

55. 50

2, 1092, 052

79

546,228369, 117177,111488,184

1,57131, 914

1,04658712116

6, 1403, 5762, 5645, 6388, 895

12, 93313 5166 921

11,8286,792

49 46445 3234,141

3, 85856

805990563

83, 38562, 45738, 397

6,6286,322

3,632

65. 9566 0066. 50

139, 002105,61129, 718

396. 9116.986.330.6

8, 97882

.0677

92. 500594

49. 50

2 0441,840

72

495, 903346, 941148, 962430, 371

1,47627, 684

1,037574

' 6, 190T 3, 792r 2, 398r 5, 974T 9, 112

11,33712 8345. 425

11,0056, 538

54, 84450 1744,669

7401,100

601

82,99577, 66745, 989

6, 5196,350

' 3, 707

65. 9566 0066. ."0

146, 397113,21631, 477

400.6125 693.631.9

9 19881

0677

92. 500594

38. ">0

2 0022,065

80

••405 850T 259, 730T 146, 120r 348, 333

1, 57825. 386

1,049621

f 5, 230p 3, 320v 1,911P 5, 375P 8. 916

4,0665, 741

54 53249 894

4 638

5, 780p 5, 646

v 3. 650

65 95p 66 00p 66 50

364. 8105 179.4"}5 7

8 393

0677

P 92. 50P 0594

p 32. 50

990 880174 453116.427248, 678

1, 36618. 533

65.

i- 7, 4

06

r Revised. p Preliminary.J Revisions for the indicated series are available upon request as follows: Plywood, 3d quarter 1953-3d quarter 1956; iron and steel exports and imports, January-July 1956.cfFor 1957, percent of capacity is calculated on annual capacity as of Jan. 1, 1957, of 133,459,150 tons of steel; for 1956, data are based on capacity as of Jan. 1, 1956 (128,363,090 tons).

Annual capacity as of January 1, 1958, is 140,742,570 tons.


.January 1958 SURVEY OF CURRENT BUSINESS S-33


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

METALS AND MANUFACTURES—ContinuedIRON AND STEEL— Continued

Steel, Manufactured Products — ContinuedStfH'l products, net shipments:

Total (all grades) thous. of short tons_.Semifinished products _ _ doStructural shapes (heavy), steel piling_ _. ._ do.__Plates _. do

Rails and accessories do -Bars and tool steel, total do

Bars: Hot rolled (incl. light shapes) do _Reinforcing doCold finished__ _ _ _ do

Pipe and tubing do _ _ _Wire and wire products _ doTin mill products (incl black plate) doSheets and strip (incl. electrical), total _ _ _ do

Sheets: Hot rolled doCold rolled ... _ ... do

Fabricated structural steel:Orders new (net) thous, of short tonsShipments- doBacklog, end of month do

NONFERROUS METALS AND PRODUCTSAluminum:

Production, primary, domestic short tonsEstimated recovery'from scrap®.. doImports (general):

Metal and alloys, crude doPlates sheets, etc do

Price, primary ingot, 99%-f- dol. per lb__Aluminum shipments:

Mill products and pig and ingot (net) mil. of lb__Mill products, total. _ _ do

Plate and sheet doCastingsA - do

Copper:Production:

\Tinp recoverable copper A short tonsRefinery, primary __ _ do

From domestic ores doFrom foreign ores _ _ _ do

Secondary, recovered as refined do..-

Imports (general):Refined, unrefined, scrap® do_- -

Refined - doExports:

Refined, scrap, brass and bronze ingots do -Refined do

Consumption, refined (by mills, etc.) -- doStocks, refined, end of month, total.... do

Fabricators' _ . . _ _ doPrice, bars, electrolytic (N. Y.) dol. per lb..

Copper-base mill and foundry products, shipments(quarterly) :

Brass mill products. _ _ _ _ _ _ mil. oflbCopper wire mill products® doBrass and bronze foundry products do _ _ _

Lead:Production:

Mine recoverable lead short tonsSecondary, estimated recoverable® do

Imports (general), ore®, metal _ _ -_ do _Consumption, total _ __ doStocks, end of month:

Producers', ore, base bullion, and in process®(ABMS) . ^ - - . __ __ short tons

Refiners' (primary), refined and antimonial®short tons-

Consumers', total - - _ ._ __do. _ .Scrap (lead-base, purchased), all consumers. _do

Price pig, desilverized (N. Y.) dol. per IbTin:

Production, pig (secondary) d" - - - - - - long tons, _Imports (for consumption), bars, pigs, etc doConsumption, pig, total do

Primary- _ _ ._ _ _ _ _ _ _ _ do _ . _Exports, incl. reexports (metal) _ _ _ _ doStocks, pig (industrial), end of month do ._Price, pig, Straits (N. Y.), prompt dol. per l b _ _

?inc:Mine production, recoverable zincA short tons. .Imports (general):

Ores and concentrates® doMetal (slab, blocks) do

Slab zinc:Production (primary smelter), from domestic and

foreign ores _ „ _ short tons. _Secondary (redistilled) production, total doConsumption, fabricators', total do---_Exports 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..

7,431390569775

1971,218

820250139

931298451

2,602802

1,189

339276

3,252

145, 08132, 571

18,6481,682.2710

318.9218.3114 669.1

90, 455121, 33489, 27732, 05716, 597

41, 65214, 345

25, 16517,836

116. 119238, 901127, 544

.3570

28, 50334, 39141,541

101, 000

121, 051

35, 196102, 68859, 111.1600

2755, 8948,0005,550

11218, 3901. 1026

46, 170

39, 82727, 580

85, 4786,330

87, 2241,091

70, 18597, 325.1350

8,136

7,064399564607

2141 166

788240129

915263406

2,532826

1,130

404298

3,373

148, 39128,164

21, 4781,361.2710

281.4194.899 967.0

90, 427123, 19784, 89938, 29822, 171

60, 22614, 970

49, 40839, 786

112, 119237, 157121, 842

. 3565

505405225

27, 10934, 49856, 09589, 700

118, 078

39, 129115,80557, 020. 1600

2856, 2857, 2704,895

12019, 0291. 0401

46, 445

45, 42546, 452

91, 4966,738

82, 272413

68, 622100, 665

. 1350

8,968

7,809380573777

2241, 180

802224144

1,039314649

2,674847

1,232

298262

3,476

147, 02933,520

19, 8851,252.2710

330.4234.8126 073,0

93, 210137, 36298, 40138, 96120, 492

58, 50213, 496

43, 29830, 124

132, 754228, 268112, 696

. 3553

30, 22936, 00954, 063

101, 400

120. 975

40, 559118, 12455, 465.1600

2954,7467,9955, 440

9919, 1351. 0135

49, 186

42, 18927, 494

86, 7486,704

90, 490496

78, 97490, 500.1350

9, 050

7,067360583763

2081 085

713235127

905287529

2,347731

1,083

266278

3, 436

119, 05930, 471

17, 5771,490.2710

306.5206.4109 869.5

90 256114, 26383, 23931, 02419,821

43, 08814, 190

40, 98129 769

1 12, 335237, 583101, 822

. 3258

29, 13638, 28333, 52794, 400

123, 276

44, 833117, 55456, 535. 1600

2603, 9647,1405,000

2618, 1901. 0022

45, 847

41, 31424, 288

81, 2376, 841

80, 752503

86, 88988, 232.1350

7,004

7,822437668881

2321 145

768240128

1,034312809

2,302753

1,026

289305

3,454

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, 053

39, 846119, 37549, 716

1600

2655, 2317, 4005, 110

24318, 420.9948

50, 420

42, 29622, 761

89, 8607,064

78, 384987

89, 35789, 626.1350

7,820

7, 350358631876

2321 030

687216118

974304875

2,070680907

360314

3,417

139, 15230, 674

21, 8321, 364.2710

338.9238.2126 868.3

94, 443130, 94392, 53238, 41120, 178

58, 29211, 815

50, 07732 315

123 973243, 202106 576

.3152

30, 91537, 57041, 85594, 900

121, 691

49, 348112,95345, 647

1600

2954,4277 5905,060

26018, 625. 9930

50, 755

45, 63030, 037

89, 7916,715

77, 4891 201

105, 53184 648. 1350

6,552

6,972403659918

2421 005

692188114

1,020327350

2,049656895

292330

3,417

145 17432,886

20,0011 420.2710

342.8249.0130 065. 1

93 274133, 06298 95834, 10422, 661

48, 37719 687

44 77528 479

122 386265, 432113 586

.3129

29 85536, 75034 38294, 000

117,022

54, 941106, 72846,295

1539

2616, 2237 3054, 840

3019, 445. 9832

46, 060

47, 61920,376

90 0326,823

75, 909877

112,69371 124.1192

7,833

7,285491630870

2261,046

689233116

998388391

2,244716984

220329

3,220

138, 00730, 341

21, 2221,312.2710

320.8227 4117 158 5

90 320115, 66088 09127, 56919, 999

40, 9639,416

47, 26831 954

116 567273, 863109 979

.3033

517409229

26 71732, 67248 06490, 800

120, 706

64, 06599, 65241, 762

1432

2663,7486 8204, 555

2619, 200.9802

44, 521

41, 63323, 406

84 0096,710

73, 464822

133, 45570 632.1136

7,243

5,877273634792

19275248917284

859218460

1 698531791

203304

3 138

142 04131 976

15, 7681 545.2710

370 0249 0130 652 2

84 757109 29683 27526 02115 883

53, 59414 386

34 51924 420

80 757305 763120 636

.2869

26 99426 67043 29784 200

134 039

67, 29692 60145, 063

1400

2126, 3886 4704 345

16521,315

9646

41, 849

36, 70921, 899

80 5775,202

65, 1233 769

146, 17972 288. 1001

7, 599

6, 230272636732

17486256918897

914250494

1, 895550900

167333

2 962

143 44932, 555

14, 1831 817.2810

298 9223 8117 855 7

87 038109 79180 75429 03716, 932

47, 89910 212

28 13523 435

113 180309 564120 901

.2810

27 49633 90841 013

101,600

122 340

60, 02996, 62443, 633

1400

2715, 1717 2204 835

11621, 950.9415

41, 319

41,04822, 568

78 8455,321

74, 562789

149, 29674 078.1000

8,630

6,172261597778

90836545182101

860250417

2 Oil579979

194295

2 846

129 27832 978

11, 8031 775.2810

302.3215 5111 358 7

85 629100 265

74 39525 87014, 897

42 39010 486

29 96527 057

108 864293 540123 942

.2644

r450366211

24 76633 68236 21894 700

116 093

54, 002103 91045, 877

1400

27(55, 4906 6604 385

105r 23, 285

9331

33, 854

44 22315 525

72 7674,688

75 976446

153, 766r 7] 919

.1000

6, 554

6, 551263641764

143896617163110

889264370

2,319651

1,147

177331

2 683

133, 759

.2810

318.3232 6123 164 1

r 87 753115 23478 29636 93818,654

25 10320 076

J>128 400?270 841j>l\Q 580

.2634

r28 41438 856

102 800

111 683

58,211105 63449, 495

1369

297

6 9854 215

13523, 175

9184r 39, 350

76 3495, 143

87 898518

155, 92572 111.1000

7,031

5, 606242589462

13378353814296

736227321

2 113616

1,025

188293

2 564

135 024

.2810

87 940127 95186 06341 88817 940

35 68930 897

P108 460P280 740pl25' 122

.2634

23 308

102 401

1350

136

8923

34,967

156

' 152,513

.1000

6.603

.2810

.2632

1300

9232

166, 655

.1000

r Revised. » Preliminary.© Basic metal content.ARevisions for aluminum castings (1955) and copper and zinc mine production (January-AugcPData in 1957 BUSINESS STATISTICS represent total production (both primary and secondary).

ust 1956) will be shown later.


S-34 SUEVEY OF CURRENT BUSINESS .January


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

METALS AND MANUFACTURES—Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Radiators and con vectors, cast iron:Shipments . thous. of sq ft. of radiation _Stocks 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 gas shipments do

MACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly totals:Blowers and fans new orders thous of dolUnit-heater group new orders do

Foundry equipment (new), new orders, netmo avg shipments 1947-49—100

Furnaces, industrial, new orders, net:Electric processing thous. of dolFuel-fired (except for hot rolling steel) do

Industrial trucks (electric), shipments:Hand (motorized) numberRider-type do

Industrial trucks and tractors (gasoline-powered) , ship-ments number

Machine tools (metal-cutting) :New orders (net), total mil. of dol

Domestic doShipments total do

Domestic doEstimated backlog months

Other machinery and equipment, quarterly shipments:Construction machinery (excavating and earth-

moving) ® thous of dolFarm machines and equipment (selected products,

excluding tractors) cf thous of dol

Tractors (except garden), total, incl. contractors'off-highwav wheel-type tractors 9 ® units

Value 9 © thous. of doL_Tracklaving© units

Value® thous of dolWheel-type (exc contractors' off-highway) units

Value thous of dol

Pumps (steam, power, centrifugal, and rotary), neworders thous of dol

ELECTRICAL EQUIPMENT

Batteries (automotive replacement only), shipmentsthousands

Household electrical appliances:Refrigeration output (seas adj ) 1947-49—100Vacuum cleaners (standard type), sales billed

thousandsWashers domestic sales billedA do

Radio sets production§ _ _ doTelevision sets (incl. combination), prod.§ do_.-

Insulating materials and related products:Insulating materials, sales billed, index

1947 49—100Vulcanized fiber products:©

Consumption 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=100-.Polyphase induction motors, 1-200 hp:t

New orders thous of dolBillings do

Direct current motors and generators, 1-200 hp:ÎNew orders thou^ of dolBillings do

2,5894,074

64, 88150, 162

161, 0705,537

149, 6755,858

259, 49930, 905

177,78850, 806

106, 68562, 98732, 303

4, 253182 266

121 0

1,5871 767

565501

2 206

64. 2558 7081.7073 60

6.7

8,522

2 592

136

300 4357.9

1, 381. 8680.0

149 0

4,2401 812

31, 156

1, 7563, 810

38, 72950, 329

134, 8784,387

125, 1395,352

91, 54010, 53762, 14418, 859

76, 42647, 47921, 201

2, 625153, 198

49 24620 543

115 6

2, 0952,943

521442

1,977

57.2051 9085.1575 05

6.2

70 266

94, 748

54 349203,70311 694

103,47441,57480, 039

6,838

2,265

151

281.0298.4

21,715.22627.0

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, 737

2, 766209, 953

117 9

2,0624, 581

602480

1,837

63.2556. 3076. 5567. 55

6.0

9,601

2,638

127

276.7331.3

1, 085. 5450.2

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, 870

2 260202, 173

188 4

4,4413,429

559385

1,610

58.2051. 1077.7072.05

5.8

7,551

1,961

151

300. 9319.6

1, 264. 8464.7

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

59, 16218 792

127 0

1,8096, 794

583411

1,909

58.9051.3089.1078.80

5.5

81 189

180, 828

87 023277, 945

12 867119, 13772, 643

130,208

7,654

1,254

151

312.7286.2

2 1, 609.12 559. 8

153 0

4,3871,841

40, 916

209.0

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

1,178

136

281.6230. 7

1,115.8361.2

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, 9461,752

228, 198

136 2

1,2792 048

618429

1,737

41.4037.9578.5070.90

4.6

7,786

1,605

138

231.2254.2

1, 023. 8342.4

148.0

4,6711,983

30, 410

2,2305,163

54, 44573, 228

146, 4494, 757

136, 0365,656

161, 12122, 674

106, 52331, 924

84, 65156, 57925, 527

2,545205, 838

55, 78621 525

187 5

1,2611 320

536433

1,869

43.1040 0582.9572.85

4.2

86, 352

208, 630

77 781261, 23211,390

105, 30664, 638

121, 049

8,228

1,878

135

207.3282.3

2 1,088. 32 543. 8

140.0

3,4981,488

45, 257

189.0

49, 18852, 321

8,31711, 740

1,7694,745

61, 29964, 102

133, 9393,908

124, 1515.880

228, 24130, 686

141, 64455, 911

85, 68157, 77324, 4503, 458

188, 082

98 6

1,4872,404

611420

1,651

55.5050.5058.7051. 50

4.2

7,143

2,469

140

218.3335.1612.6360.7

127.0

3,4841,646

54, 636

2,1234,896

65,60661, 761

179, 3754V497

165, 6009,278

297, 20638, 676

187, 47271, 058

114, 75671, 87437, 8964,986

205, 503

231 3

8942,673

354242

1,926

44.5040.4063.2058.00

4.0

6,982

2,856

140

241.2329.1965.7673.7

134 0

4.1841,605

36, 657

2,5514, 571

72, 55450, 305

183, 6665,451

171, 1217,094

314,65343, 344

206, 32864, 981

140, 79788, 62845, 4986,671

210, 669

42, 51720 620

113 9

7271,229

476302

1,661

28.8025. 0064. 7558.60

3.7

72, 170

169, 098

56. 906196, 995

8, 34081,67147. 22087, 796

6,177

2,688

146

302.9384.3

21,610.72 832. 6

135.0

3,7481,640

32, 492

174.0

44, 64045, 146

8,6259,347

2,6514,027

70, 99942, 639

188, 7716,227

175, 6276,917

354, 41349. 997

236, 94867,468

125, 82082, 38037, 6285,812

230, 690

145. 3

1,4481,400

600373

1,639

r 27. 80' 23. 65

60.9053.50^3 .5

~~i~3~409~1 28, 153i 20, 2741 42, 391

6,158

' 3, 042

143

328.7369.5

1, 569. 2662.0

133.0

3,8471,732

35,044

i 12, 945

i 1,613

7491 634

P 28. 40P 25 05P 47. 40* 41. 45

»3. 3

5,838

2,357

251. 1260.5

'1, 688. 9' 574. 6

3,6131,692

i 12, 339

i 2, 328

"31,766.0*s 595. 4

T Revised. p Preliminary. l Data are for month shown. 2 Represents 5 weeks' production. 3 Represents 6 weeks' production.©Revisions for gas heating stoves (1954,1955, and January-August 1956), total warm-air furnaces (1955 and January-August 1956), construction machinery (1st and 2d quarters of 1956) and

tractors (1955 and 1st and 2d quarters of 1956) will be shown later.c? Not strictly comparable with data shown in the 1957 edition of BUSINESS STATISTICS. Data exclude shipments of farm elevators and blowers; shipments of these products averaged

$8.5 million and $11.0 million per quarter in the first 3 quarters of 1956 and 1955, respectively.9 Includes data not shown separately.OData cover one additional company beginning December 1956.AData beginning January 1957 exclude sales of combination washer-dryer machines. In 1956, such sales totaled 102,400 units; 1957 cumulative sales through November were 164.700 units.§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for December 1956 and March, June, and September

1957 cover 5 weeks; for December 1957, 6 weeks; all other months, 4 weeks.1 Data for polyphase induction motors cover from 28 to 32 companies; for direct current motors and generators, from 20 to 25 companies.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production, thous. of short tonsStocks in producers' storage yards, end of mo..doExports doPrices:

Retail Composite dol per short tonWholesale chestnut f o b car &t mine do

Bituminous: JProduction thous. of short tons.-Industrial consumption and retail deliveries, total

thous. of short tons_-Industrial consumption total do

Electric-power utilities _ do _ _Coke ovens doBeehive coke ovens doSteel and rolling mills doCement mills _ _ _ doOther industrials do

Railroads (class I) doBimker 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 - doSteel and rolling mills doCement mills _ _ doOther industrials doRailroads (class I) do

Retail dealers do

Exports doPrices:

Retail composite dol per short tonWholesale:

Screenings, indust. use, f. o. b. car at mine..doLar°c 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 thous. of bblRefinery operations percent of capacity-Consumption (runs to stills) thous. of bbL,Stocks, end of month:

Gasoline-bearing in U. S , total doAt refineries doAt tank farms and in pipelines doO n leases. _ _ _ _ _ _ do_ _ _

Exports doImports __ _ _ do _Price (Oklahoma-Kansas) at wells dol. per bbl_.

Refined petroleum products:Fuel oil:

Production :Distillate fuel oil thous. of bbLResidual fuel oil do

Domestic demand:Distillate fuel oil do_ _Residual fuel oil do

Consumption by type of consumer:Electric-power plants _ _ do. _ _Railways (class I) doVessels (bunker oil) do

Stocks, end of month:Distillate fuel oil __ .do_-_Residual fuel oil do

Exports:Distillate fuel oil doResidual fuel oil _ _ . _ do_ _

Prices, wholesale:Distillate (N. Y. Harbor, No. 2 fuel)

dol. per gal__Residual (Okla., No. 6 fuel) dol. per bbL.

Kerosene:Production thous of bblDomestic demand doStocks, end of month _ _ _ do .Exports doPrice, wholesale, bulk lots (New York Harbor)

dol. per gal..

2,629364488

27.8714. 490

r 44, 282

' 37, 138' 33, 470' 13, 757

8 979'339

457786

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

2,417i ' 214,438

93240, 944

275, 99570, 416

184, 47721, 102

8,55128, 993

2.82

55, 24535, 471

57, 85450, 389

7,1428,3237,031

151, 51744, 590

5, 2132,282

.1092.00

11, 50812, 36034, 329

562

.115

2,342342658

28.9915. 575

r 39, 495r 39, 044' 35, 071' 14, 469

9,383'367

523' 838

8.427

1,03727

3,973

78, 00876, 88645, 95613, 894

5391, 576

14,061860

1,122

5, 070

16. 26

5. 4337. 630

2256,620

549

2,3261,924

402264

57

15.00

2, 335' 228,673

93252, 361

266, 01471, 721

173, 27821,015

10, 54429, 377

2.82

61, 41339, 922

71, 39454, 381

8,2688,7127,916

133, 98144, 491

7,9593, 226

.1092.25

11, 73514,11431, 420

659

.115

2, 639264469

29.4115. 575

44, 025

42, 81037, 03715, 6699,372

418593809

9,194

9784

5,773

72, 97372, 13543, 40912, 796

5111,377

13, 245797

838

4, 539

16. 31

5. 4677.641

2556,604

572

2,0961,793

30329278

15.00

2,667231, 880

94256, 485

256, 24470, 324

164, 38321, 537

7, 45826, 568

2.82

65, 66240, 990

92, 96060, 868

9,9048,8617,999

100, 57238, 403

7,0354,110

.1092.45

11, 38417, 94624, 0191,059

.115

2,083288305

29.4115. 575

39, 410

35, 99231, 77812, 9378, 476

405481718

7,953

8026

4, 214

71,30770, 50142, 26212, 801

4911,272

12, 887788

S06

4, 758

16.31

5. 4877.641

2485,966

508

2,0151, 765

25033761

15.19

2, 233215, 099

91226, 461

256, 34470, 613

164, 53821, 193

7,90923! 621

3.07

56, 97035, 546

65,81550, 509

6,9637,9946, 938

85, 10536, 201

7,6343, 466

.1192.45

9,87412, 15321, 013

892

.125

1.807365363

29.4315. 575

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, 30322, 178

14, 10027, 669

3.07

57, 68037, 351

60, 85550, 220

6,5708,4218,791

76, 24537, 371

6,9563, 853

.1192.45

10, 30710, 29120, 223

930

.125

2,048385362

29.2113. 671

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, 14728, 537

3.07

52, 93433, 964

45, 99147, 202

6,4747,9408,205

78, 74337, 429

4,7613, 494

.1192.35

8,5206,747

21.512'579

.125

2,306323310

27.5813. 671

42, 580

32, 208« 30, 534

12,3229,130

308386724

6,925

68554

1,674

76, 08275, 32445, 87713, 903

5501,287

13,041'666

758

7,605

15.94

5. 6037.095

1806,451

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

82, 88341, 902

6, 3147,6488, 183

98, 06041, 036

3,6992,933

.1142.35

8, 4404,327

25, 374373

.120

2, 564281466

27.5813. 671

39, 270

30, 77029, 26812, 2108,782

257310646

6,392

61457

1,502

78, 27177, 36947, 59213, 978

6341,306

13, 132727

902

7,816

15. 96

5. 6017.166

1556, 207

559

2,2961,743

55339477

15.25

1,991213, 202

88236, 002

284, 31277, 210

184,16822, 934

1,74533, 119

3.07

53, 18033, 033

31, 97037, 801

6,2387,2507,737

117, 36445, 572

2,3132,544

.1142.35

7,6173,826

28, 872378

.120

1,486308289

27.9814. 036

34,620

30, 81029, 28012, 4439,033

229307442

6,149

62156

1,530

75, 04874, 10647, 50811,717

5171,342

12, 357665

942

7,300

16.07

5. 5997.282

' 1386,364

519

2, 4231,781

64240066

15.25

2,181213, 052

89243, 412

288, 24175, 961

190,05822, 222

1,19741, 418

3.07

54, 23633, 776

31, 12038, 190

5,5107,6597, 976

138, 35949, 621

2,6432,516

.1092.15

7, 7184,948

31, 71328

.114

2,306394449

28.0214, 105

43,030

32, 88830, 76913, 0349,043

249309803

6,610

67150

2,119

77, 66276, 67249, 08512, 504

5531,371

12, 505654

990

7,446

16.14

5. 5977.405

' 1516,369

562

2,5451,829

71640187

15.25

2,823210, 379

90250, 847

283, 38875, 841

185, 09722, 450

99541, 149

3.07

55, 97933, 754

33, 67439, 380

5,7907,9068, 345

159,12452, 645

2,4472,332

.1052.05

7,8044,828

34, 576225

.110

2,185516477

28.4014. 532

40, 775

32, 30229, 75912, 4698,751

224320754

6,577

61945

2,543

79, 81378, 80350, 48813, 002

5061, 450

12, 693664

1, 010

6, 542

16.38

5. 5727.558

1376, 159

553

2, 5991,816

78343581

15.25

2, 353r 206, 967

'89237, 606

280, 46974, 575

183, 04422, 850

73932, 873

3.07

53, 16432, 987

38, 36235, 569

5,6442 7, 687

7,874

173, 26958, 727

1,3321, 574

.1051.95

8,2846,486

36, 38267

.110

2,274532329

28.5615. 022

45,550

' 35, 696' 32, 113

13, 5218,727

195403807

7,787

626'47

3,583

81, 38380, 44951, 23813, 938

4871,531

12, 630625

934

6, 435

16. 52

' 5, 575' 7. 611

'1186, 157

599

' 2, 764' 1, 947

'81745960

15. 25

2,761212, 650

86237, 143

287, 51777, 737

184, 12922, 651

1,007

3.07

52, 86332, 602

48, 02743, 549

6,421

8,101

176, 38860, 025

2,0222,279

.1051.75

8,23010, 13034, 384

211

.110

1,938510240

28.90p 15. 090

38, 060

34, 32231, 12613, 3457,870

142440797

7,880

60745

3,196

81, 33080, 34251, 07014,002

4621,573

12, 617618

988

5,268

16. 58

p 5. 575p 7. 654

905, 532

2,9632, 095

868

56

15.25

93

6,684

7, 345

2,2391, 898

109

1,836

36,290

_ -

15.25

r Revised. f Preliminary. c Corrected.1 Revisions for January-October 1956 (thous. bbl.): 223,125; 209,078; 225,645; 214,412; 218,942;2 Revisions for February-September 1956 (units as above): 8,223; 8,413; 8,108; 8,133; 7,851; 7,^Revisions for January-October 1956 for production and consumption will be shown later.9 Includes nonmarketable catalyst coke.

213,010; 219,770; 223,035; 211,585; 215,570.,898; 8,438; 7,551.


S-36 SURVEY OF CUERENT BUSINESS January 1958

BUSINESS STATISTICS

s through 1956 andthe 1957 edition of

19

Novem-ber

56

Decem-ber

Janu- j Febru-ary ary .March April May

19

June

57


berDecem-

ber

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS—Continued

Refined petroleum products— ContinuedLubricants:

Production . . thous. of bblDomestic demand _ __doStocks, refinery, end of month _ doExports doPrice, wholesale, bright stock (midcontinent, f. o. b.

Tulsa) _ . .__ ,._ dol. per gal._Motor fuel:

Gasoline (including aviation) :Production, total thous. of bbl_

Gasoline and naphtha from crude oil doNatural-gas liquids:

Used at refineries (incl benzol) doUsed in other gasoline blends, etc do

"Domestic demand do _Stocks, end of month:

Finished gasoline ., doAt refineries . do

Unfinished gasoline do .Natural-gas liquids . do

Exports (motor fuel, gasoline, jet fuel) doPrices, gasoline:

Wholesale, refinery (Okla., group 3) dol. per galRetail, 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:©Production doStocks, refinery, end of month do

Wax:OProduction . doStocks refinery, end of month do

Asphalt and tar products, shipments:Asphalt roofing, total thous. of squares

Roll roofing and cap sheet:Smooth surfaced -_ . doMineral surfaced ._, do

Shingles, all types do

Asphalt sidings . doAsphalt board products thous of sq ftSaturated felts _ short tons

4,9703,506

10, 060925

.240

117, 398102, 635

13, 1451,618

112, 113

163, 08685, 72011, 72222, 934

i '2, 496

.115

.215

9,2187,269

11, 7817,362

5,3165,6854 576

6,5727,755

446611

3,898

729897

2,272

1211,319

68, 259

4,8703,491

10, 1821,197

.240

125, 199109, 792

13, 7641,643

108, 096

174, 65496. 08112, 61720, 559

'4,200

.115

.215

9,5967,340

12,4357. 439

6,0315,3045, 322

4,9059,150

477658

2,165

391498

1, 275

66655

50,663

4.9603, 774

10,412919

.240

123, 678109, 412

12, 7021,564

109, 295

184, 942106, 95612,76017,638

' 3, 619

.115

.227

9,4137,788

12, 8157,696

6,2076,5525, 185

3,91810, 381

460661

3, 895

818872

2,205

1031,335

78, 270

4,3343,382

10, 3081,004

.255

108, 20595, 114

10, 9742,117

96, 694

192. 428113,35512,84217, 661

•• 3, 003

.125

.225

8, 2436, 299

12, 9187, 438

5, 8306,7665 326

3,90911,314

376632

4,142

916949

2,277

911,144

79, 454

4,8583,374

10, 4281,312

.255

118,591103, 741

12,2962,554

113, 166

193, 540109, 92213, 17619,063

' 3, 512

.125

.220

9,6117,999

12, 6157,582

6,8007,9414 868

5,49612, 972

499670

3,342

624708

2,009

742,165

67, 375

5,1243, 653

10,5871,248

.255

113,09898, 775

11, 8362,487

115,820

188, 649104, 63612, 75820, 742

' 2, 117

.125

.222

8,8246,993

12, 3977,285

6,2036,4785,322

6,53814, 606

473707

4,449

761891

2,797

801,843

78, 501

5,1313,869

10, 7101,074

.255

120, 892106, 630

12, 1582,104

124,325

183. 06499, 86912, 03024,818

2,081

.125

.222

9,5737,289

13,0107,721

5,8136,1205 656

8,30315, 160

468706

3,998

621866

2,511

653,414

68, 191

4,2463,037

10, 5911,265

.255

119, 521104, 930

11,5063,085

121, 598

177, 99794, 59712, 06627, 259

2,458

.123

.222

9,4617,188

13, 0857, 873

4,4124, 3336,321

9,01214, 435

421728

4,558

719963

2,876

762,088

70, 228

4,6573, 897

10, 313981

.255

120,506106, 393

12, 4141,699

130, 251

166, 65488,66411,21428,448

' 1,744

.116

.223

9,8627,682

12,8897,716

5,5147,1225 470

9 78911, 509

446706

5,433

8621,1483,423

812,233

87, 652

4,7043,717

10, 1241,087

.255

127, 794112, 116

13, 1712,507

128, 808

162, 81085, 46811,22129, 092

2,314

.118

.223

10, 1767,834

13 0127, 815

5,2605,8325 248

10 5059,970

430658

5, 917

9891,2903,638

1012,019

111, 718

4,3783,169

10, 2101,075

.255

122, 960108, 675

13, 1931,092

113, 567

170, 05689, 18410,63229, 271

2,395

.120

.214

9,2086,326

13 3327,885

3, 7024 0645 042

9 3188, 586

462662

5,467

9551,2643,248

1151,835

78,464

4,4763,6219,9531,065

.255

122, 103107, 323

13, 4241, 356

119, 329

169, 98887, 92210, 91427,838

2,086

.120

.220

9, 5427, 495

13,7128,497

4,7235,4934 681

8 0857,863

498655

6,090

1,0871,4683,535

1332,145

90,291

1,043

2,629

.219

3,731

689927

2,114

811,308

65,173

.217

PULP, PAPER, AND PRINTING

PULPWOOD AND WASTE PAPER

Pulp wood:Receipts tbous. of cords (128 cu. ft.)Consumption doStocks, end of month do

Waste paper:Receipts short tonsConsumption doStocks, end of month do

WOOD PULPProduction:

Total, all grades . ._ ._ .. thous, of short tons- .Dissolving and special alpha _ doSulfate doSulfite _ _ _ do

Groundwood doDefibrated or exploded doSoda, semichem., screenings, damaeed, etc do_ _-

Stocks, end of month:Total, all mills do. -

Pulp mills doPaper and board mills do __Nonpaper mills do

Exports all grades total doDissolving and special alpha ._ _ _ _ do\11 other do

Imports all grades total doDissolving and special alpha doAllother ........_. do..._

3,0943,0016, 030

726 934718, 128523, 759

1, 856. 581.7

1, 032. 0215.9

255. 489.4

182.1

934.4219.5610.6104 3

51.210.440.8

190.413 3

177.1

2,8402,6386,229

652, 625637, 049546, 391

1, 672. 672.7

920.0200.8

231.578.0

169.4

912.0189. 5617. 1105.4

52.916.436.5

177.111.0

166.2

3,2553, 1376,409

699, 647720, 736519, 590

1, 904. 682.6

1,061.0226.9

262.690.1

181.5

884.0208.8575. 3100.0

48.714.534.2

178.112 2

165.9

3,1372,8276,719

678, 028680, 164517, 109

1, 709. 883.6

915.6207.5

244.091.2

167.8

871. 5206.6564. 3100.6

41.717.224.5

186.19 9

176.2

3,1293,0806,766

720, 815731,369506, 251

1, 893. 792.0

1, 037. 3220.9

267.296.7

179. 6

869.8206.9561. 1101. 8

76.117.159.0

173.913. 5

160.4

2,7163,0256,449

724, 292725, 959504, 557

1, 840. 493.9

993. 1225.5

263.695. 4

168. 8

859.8209.2544.0106.6

50.414.136.2

168.611.8

156.8

2,8263,0946,155

734, 710496, 039

1, 900. 793.2

1, 052. 9211.0

264.395.6

183. 6

879.2218.2556. 5104.5

57.123.933.3

176.510.0

166.5

2,8842,9056,078

689, 816481, 179

1, 776. 182.7

981.7201.2

248.296.3

166.0

862. 5222.2535. 3105.0

59.723.036.7

163. 311.5

151.8

2,9862,6426,385

613, 716505, 401

1. 590. 274.7

857.5182. 3

232.088.3

155.5

879.1213.0559. 7106. 3

58.425.932.6

173.711.4

162. 3

3,2763,0476,706

723, 279475, 135

1, 894. 980.1

1. 063. 2210. 2

251. 3100.4189.8

873.0213.7556.1103.3

46.218.128.1

184.39 2

175.0

2,9412, 8586, 705

713,496462,417

1, 742. 878.8

969. 0192.1

227.496.5

178.9

852. 1200.3553. 498.5

48.726. 022.7

174,310 0

164.4

'3,226r 3, 196r 6, 697

782, 049473, 977

••1,961.191.4

1,086 9'234.3

246.2106.5

r 195. 8

' 880.3r 217 6' 564. 3

98 5

36.816.320.5

2, 7653,0066, 456

679, 649487, 942

1, 848. 787.0

1, 037. 3208.8

237.294.0

184.4

907.7242.7561.5103 5

39.612.926.7

•• Revised. » Preliminary. 1 Revisions for July-October 1956 are as follows (units as above): 2, 414; 2,011; 2,530; 2,198.©Asphalt—5.5 bbl.=l short ton; wax—I bbl.=280 Ib.


Jammry 1058 SURVEY OF CURRENT BUSINESS S-37


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

PULP, PAPER, AND PRINTING—Continued

PAPER AND PAPER PRODUCTS

All paper and board mills, production:Paper and board, total thous. of short tons..

Paper __ doPaperboard doWet-machine board . _ . _ _ doConstruction paper and board do....

Paper, excl. building paper, newsprint, and paperboard(American Paper and Pulp Association):

Orders, new 9 thous. of short tonsOrders, unfilled, end of month 9 . d oProduction doShipments 9 doStocks, end of month 9 _ _ do

Fine paper:Orders new _ _ __ __ doOrders, unfilled, end of month ,_.. .doProduction _ _ _ doShipments doStocks end of month do

Printing paper:Orders new doOrders, unfilled, end of month doProduction do. ..Shipments doStocks, end of month . doPrice, wholesale, book paper, "A" grade, English

finish, white, f. o. b. mill dol. per 100 IbCoarse paper:

Orders, new _ _._ __ ._ .. thous. of short tonsOrders, unfilled, end of month.. do...Production _ doShipments doStocks end of month do

Newsprint:Canada (incl. Newfoundland) :

Production doShipments from mills .doStocks at mills end of month do

United States:Consumption by publishers doProduction doShipments from mills doStocks, end of month:

At mills _ doAt publishers doIn transit to publishers _ do

Imports _ -. ... -- _ doPrice, rolls, contract, delivered to principal ports

dol. per short ton..Paperboard (National Paperboard Association):

Orders now thous of short tonsOrders, unfilled, end of month doProduction total do

Percent of activitvPaper products:

Shipping containers, corrugated and solid fiber,shipments mil. sq. ft. surface area..

Folding paper boxes, index of value:New orders. 1947-49=100..Shipments do

PRINTING

Book publication, total number of editions. ..Mew books doNow editions do

' 2, 603r 1, 179r 1 187

r 13223

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

559.5.543. 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. 4301.6

97 3

514. 2552. 4100. 1

443. 6139. 2137 7

10.2523. 5112.2

464. 2

130. 10

1 148 6419. 4

L I 14 382

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 J25 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. 91 53. 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

1, 008 6849 3518. 2

134.070.1

135.1140. 0136. 7

336. 9439, 5341.7341 0216. 1

15.38

302. 3148.7312. 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

863. 9685. 4

1, 007. 5859 5504. 9

155. 477.5

136. 7150.2139.3

359. 9426.1352. 7351. 3208. 7

1 5. 88

296. 0137.6309. 4304 0103 9

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, 5121, 1101, 147

15241

802.6680.1958 9794 9575 2

114 770.6

125 0123.3121 7

346 6425. 7336. 4336 0209 0

15 88

292. 5143. 5289.8

r 285 1117 0

532 0548. 5199 6

433 9159. 1156 8

11.9585 6101 8

411.5

134.40

1 122 9370 7

1 U2 591

7, 739

190.5170.4

1,176915261

2,243998

1,00510

231

764,8721 4858 8716 2471 3

117 189 3

101 797.9

109 5

326 4441 1314. 5314 8208 8

15. 88

277 2150.5252. 1258 9120 6

549 2578 8169 9

373 5144. 4143 1

13 2653 4101 5

495.0

134. 40

1 114 5506 5

1 000 877

7, 550

192.7167 7

1,013794219

2,6681,1511,238

16263

f 799. 6r 704. 9

rl 001 4r837 7T 479. 1

r 119. 1'83.2

r 132 8r 128. 1r 106. 8

318.8428. 0

r 343. 6337 8214.4

15,88

' 314. 6r 115. 4'315.3T 319. 0r 105 5

560 3524. 0206 2

386.4156. 5153 7

15.9704 9100.6

401 1

134. 40

1 240 8418 3

1 287 994

9, 028

203. 0192' 4

694538156

2, 5191,0611, 191

12255

r 764. 7r 693. 9'926 6r 772 4f 484. 0

r 106. 7'75.6

r 127. 7r 117. 1r 110 8

' 310. 3' 421. 5r 308. 3r 305 2T 217.5

J 5. 88

'301.5' 159.0r 291. 5r 302. 4T 102 5

486. 65] 2. 9179.9

434. 3133.8132 7

17.0673 4107.7

413. 9

134. 40

1. 227 7' 547. 0

1, 161 191

8,407

200. 4190 3

1.113926187

•• 2, 796r 1, 201r 1, 304

13'277

846. 2700 8

1,056 9860 4499 6

115 169. 5

136 4124. 4114.2

350. 9431. 8347.8347 9220. 9

15. 88

325. 8159.2336. 3332. 9105 2

548. 7544. 4184. 1

465. 4146. 8145 3

18.5665 287.3

134. 40

1 347 0' 481 3

1 345 797

9,012

206 4211 1

1,3361 132

204

2, 5491,1101 194

12233

p 15 88

504 9520 5168 6

453 0140 4143 1

15 7628 094 8

v 134. 40

1 130 0355 2

1 240 792

8, 410

183 6184 7

1, 4081 176

232

434 9471. 0132 5

436 3138.7135 1

19 35% 4

79 (»

1 085 1376 2

1 051 179

6,8 l f >

173 7178 8

RUBBER AND RUBBER PRODUCTS

RUBBER

Natural 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 doStocks, end of month .doExports do

Reclaimed rubber:Production ._ _ doConsumption . doStocks, end of month _._do

42, 859106 31649, 886

. 345

83, 51471, 397

199, 3346 726

20 00920,79336. 063

45, 130116 46957, 653

.365

93, 76472 260

202. 59619 271

20 54820 69834. 969

52, 631101 75846, 349

.333

94, 27785 490

193, 72417 289

25 05324 05334. 552

46, 427100 25337, 487

. 306

83, 23577 260

184, 80816 878

21 89622 77332. 010

48, 26397 82042, 160

.315

93, 91681 650

181,81318 101

25 05124 63330. 975

45, 368102 79669, 896

. 321

82, 34076 355

173.61113 966

22 87823, 14530. 258

46,51198 71752 566

.328

95, 01480 242

1 73, 44116 009

24 85923 81629.847

41,28290 69430 291

.333

84, 41370 456

173, 17017 584

22 40221 35230. 379

39, 78998 87144, 760

,329

80, 95169 044

163,64819 817

20 44419 67629. 972

44, 93299 09348, 951

.324

93, 42279 272

161, 68818 029

20 42322 42928. 521

43, 675103 24344 188

.301

94, 53777 651

160 50714 696

19 89221 70425. 983

r 48, 782r!02 4%

.295

106, 401r gg g^Q

r!64 70516 6C|7

r 26 407r 24 925f 27. 1 71

43, 69697 754

.265

106, 03075 270

178 84816 549

22 03120 43227. 801

.285

f Revised. *> Preliminary.9 Data exclude estimates for "tissue paper."



Unless otherwise sts>ted statistics through 195Q anddescriptive notes are shown in the 1957 edition ofBUSINESS STATISTICS

19

Novem-ber

58

Decem-ber

Janu-ary


19

June

57

July August S^m- |0ctobcr Novem-ber

Decem-ber

RUBBER AND RUBBER PRODUCTS— Continued

TIRES AND TUBES

Pneumatic casings:Production thousands

Shipments total doOriginal equipment doReplacement equipment doExport do

Stocks, end of month doExports _ _ _ . . . . . . . d o

Inner tubes:Production doShipments do

S tocks end of month doExports do

r 7, 638r J 7 513

3 516r l 3, 870

121

18, 803152

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

5,789

9,169

8, 5393,3615, 051

127

21 , 008144

3, 3623,291

5, 96078

9, 766

9, 1143, 381

' ' 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, 9936, 191

127

20, 783120

3,0253,472

6,94675

8, 443

9, 8403. 0686, 646

126

19,316120

2,9413,708

6, 28763

8,917

9,8333,2146, 488

130

18, 477139

3,1343, 683

5,96674

8,641

7,7231,6885, 902

133

19, 393124

3, 3653, 483

6,17477

9, 708

8, 154' 2, 621' 5, 350

182

20, 985136

3, 7643, 172

6,909100

8,248

7,1713,3983, 630

143

22, 171

3, 2432,736

7, 44483

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production, finished cement thotis of bblPercent of capacity _ __ _ _ _

Shipments, finished cement thous of bblStocks, end of month:

Finished doClinker - do

CLAY PRODUCTS

Brick, unglazed (commercial and face):Production cf1 thous of standard brickShipments cf doPrice, wholesale, common, composite, f. o. b. plant

dol. per thous

Clay sewer pipe and fittings, vitrified :cTProduction short tonsShipments do

Structural tile, unglazed :cfProduction doShipments do

GLASS PRODUCTS

Glass containers:Production _ _ _ _ thous. of gross

Shipments, domestic, total . . do -General-use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers, jelly

glasses, and fruit jars) thous. of gross. .

Beverage doBeer bottles doLiquor and wine doMedicinal and toilet doChemical, household and industrial doDairy 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 do\11 other© do

25, 86998

22, 906

15,9737,476

648, 067569, 763

30. 718

197, 716157, 077

71 14057, 883

11,895

10, 038

848

3, 065

509528

1, 5242,512

841211

13, 296

24, 42983

17, 990

22, 4409, 443

543, 191437, 895

30. 863

179,671119,949

61 76851, 275

10, 323

9, 426

765

2, 723

721667

1,0882,459

802201

13, 897

1,0122,263

1 861

926, 693

83 481

350, 230319 816

530 01,007.8

47 2

19, 32065

11,927

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

148,236lilt 676

49 96244, 170

11,057

9, 710

892

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

7641,956

1, 787

663, 237

83 225

324, 642295, 313

496. 71,002.7

44,1

23, 96783

23, 351

34, 89323, 620

534, 682523, 085

30. 814

1 53, 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, 758

29, 88520, 550

577, 448567, 339

30. 914

149, 829151, 929

58, 25856, 386

12, 747

12, 081

1, 238

3,425

1 4031,3331,1572, 470

880175

17, 860

1,1612,326

1, 983

779, 707

79, 582

371, 901340, 196

577. 11, 071. 5

59.0

20, 28767

25, 827

24, 34517, 979

593, 044609, 478

30.914

1 53, 639153, 730

62, 18357, 873

12, 565

12, 194

1,350

3, 604

1, 1771,397

9052,619

963179

17, 955

31, 406104

35, 732

20, 01813, 881

625, 020634, 291

30. 816

157,908168, 799

54 32050, 904

-14, 090f

17, 867

2,501

5,811

8181,3431, 8353, 8821, 367

310

13, 866

30, 884104

30, 707

' 20, 250r 11.016

* 583, 681' 569, 602

30. 816

143, 587150, 045

r 46, 081r 45, 825

12, 201

9, 110

1, 554

2, 720

350495832

2,288676195

16, 688

r 1. 3162, 509

' 2, 130

793, 531

78, 948

385, 268371, 781

621.41, 155. 4

61.4

30, 12198

31, 164

19, 2139,444

611, 704602, 404

30, 816

172, 625165, 068

49 62849, 266

r 13, 089

12, 467

1,398

3,604

371773

1,5463,5131,056

206

16, 943

25, 01484

21, 039

23, 18811, 303

v 30. 816

11,366

11,787

3,085

3, 386

594765

1,441o or-o

1, 004234

16, 128

' Revised. » Preliminary. 1 Revisions for October 1956 (thous.): Shipments, total, 7,765; replacement equipment, 4,692.cfRevisions to be published later are as follows: 1954 (annual data only); 1955 (annual and monthly); 1956 (January-August).GComprises sheathing, formboard, tile, and laminated board.


January 1958 SUEVEY OF CUKEENT BUSINESS S-39


1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

TEXTILE PRODUCTS

APPAREL

Hosiery, shipments thous of dozen pairsMen's apparel, cuttings:!©

Tailored garments:Suits _ thous. of units. _Overcoats 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 unitsDresses doSuits _ - doWaists, blouses, and shirts thous. of doz

COTTON

Cotton (exclusive of linters):Production:

Ginnings§ _ _ _ .thous. of running balesCrop estimate, equivalent 500-lb. bales

thous. of balesConsumption^ * *. - balesStocks in the United States, end of month,

totalf _ .thous. of bales. .Domestic cotton, total do

On farms and in transit doPublic storage and compresses do .Consuming establishments do

Foreign cotton, total. _ _ do.

Exports _- ._ balesImports doPrices (farm) , American upland _ . .cents per Ib _Prices, wholesale, middling, 1", average 14 markets

cents per lb_-Cotton linters:

Consumption thous of balesProduction _ _ _ _ _ doStocks end of month do

COTTON MANUFACTURES

Cotton cloth:Cotton broad woven goods over 12 inches in width,

production quarterly A mil. of linear ydExports thous. of sq. ydImports doPrices, wholesale:

Mill margins cents per IbDenim, white back, 28-inch, 8 oz/yd_ cents per yd._Print cloth 39-inch, 68 x 72 doSheeting, 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) :fActive spindles, last working day, total thous..

Consuming 100 percent cotton ... _. _doSpindle hours operated, all fibers, total. _ .mil. of hr__

Average per working day doConsuming 100 percent cotton _ do. _.

MANMADE FIBERS AND MANUFACTURES

Fiber production quarterly total 9 mil. of IbRayon and acetate: Filament yarn do

Staple plus tow doNoncellulosic (nylon acrylic protein etc ) do

Exports* Yarns and monofilaments thous. of IbStaple, 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 yarn _ doStaple (incl tow) do

Prices, rayon, viscose:Yarn, filament, 150 denier dol. per lb_.Staple, 1.5 denier _ do

iManmade broad woven fabrics:Production quarterly total 9 A thous of linear yd

Rayon and acetate (excl. tire fabric) doNylon and chiefly nylon mixtures do

Exports piece goods thous. of sq. yd

SILKImports, raw __ _ - . thous. of IbPrice, raw AA 20-22 denier dol. per IbProduction, fabric, atrlv. total A. .thous. of linear vd._

14 006

' 1 1, 990'1430

* i 5, 280

r 1 1, 960

'i 205r l330

r2 023r 19, 706' 1, 062r I, 110

12, 380

rl870,069

r 22, 152r 22, 120

r 3. 761' 16, 933' 1, 426

'32

537,713844

31.9

33.2

129202

r 970

43, 80010 404

30.3736.416.117.3

.691

.971

r 20, 29418, 786

rl 11, 987•"480

1 11, 145

1,2641,360

1035,745

106.362.244.1

.863

.316

13, 404

1,1934.53

10 816

' 1, 612••320

r 4, 944

' 1, 616

••172r 252

r 1 487r 16, 990

'876r 861

2 12, 815

T 630, 339

20, 90920, 8782,890

16, 4421,547

30

939, 08010, 341

31.0

33.2r 126

171r980

2,53847, 28911, 227

29.8036.415.917.3

.687

.963

r 20, 24118, 786' 8, 618

••4318,062

423.4183.9102 7109 71,9933,054

12210, 277

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

rl842,452

18, 76818, 7341,911

15, 2041,619

35

790,73813,285

30.2

33.4

128187

r 992

46, 05811 430

29. 1936.415.917.0

.684

.959

20, 23118, 725

i 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

r687 905

17, 39017, 3451 638

14, 0311,676

45

807,2487,10130.2

33.8r 114

152r 1, 001

43, 19611 925

28.3136.415.917.0

.676

.951

20, 16118, 6399,411

4718,749

2,0211,871

1259,172

105.659.246.4

.910

.316

11, 896

7744.57

12 394

1 888308

5 472

1,792

252304

3 17426 4241 2571 338

4 13 1514 13, 310

r690 310

15,91115 8671 157

13 0801,630

44

786, 7409 85129.8

33.8

118124

T 988

2 52058, 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

559,629364,45485, 56019, 156

7814.55

9,119

11 099

1 2, 045*365

1 5 6401 1, 735

1 2651 325

1 43127 189

6761 154

rl809 727

14, 49114 4481 080

11, 8771,490

43

603,0643 41230 6

33.9

10485

r 9(59

46, 60611 798

27 6536.416 016.5

.662

.918

19,92918, 365

1 11, 281451

1 10, 461

2,6563,057

1097,422

116.764.352.4

.910

.291

15, 250

5244.64

11 103

1 820416

5 520

1 576

252304

1 20427 884

4541 208

r670 259

13, 24013 200

99210 8291,379

39

659,7015 34931.5

33.9

10570

924

47, 78011 329

27 0336.415.916.3

.662

.914

19, 78118, 2469,223

4618,533

2,4432,568

2016,789

122.767.255.5

.910

.291

15,307

5134.60

11 316

1 604384

5 328

1 524

220288

1 90819 816

6801 151

r648 964

12, 10812 074

79810, 0491, 227

34

525, 1083 60731 9

34.0

9244

r 843

r 2, 43747, 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

.291r 556, 106••358, 599r 88, 621

14, 515

5534.52

' 8, 155

11 100

1 1, 230* 285

1 4 5001 1, 270

1 2001 265

2 45818 125

9261 134

232

rl639 776

* 11, 323r6 11 284

297r6 9 859

1,128"•39

417, 6076 30032.3

34.0r 80

35r 799

39, 1888 252

26 7536.415.616.0

663.920

19, 75418, 067i 9, 361

3741 8, 481

1,6922,400

865,892

124.569.954.6

.910

.291

10, 671

5574.48

13 772

1,692440

5,664

1,504

252320

2 70220 844

9961 249

973

666 549

22, 50522, 46612, 1859,312

96939

336, 0887 75532.8

33.6

10445

724

40, 9179 165

27.4936.415.616.0

.663

.922

19, 70418, 0799,123

4568,368

1,7991,863

3826,495

122.669.653.0

.910

.291

14, 396

7554.49

13 805

1,388320

4,848

1,516

248

2 36219 035

6831 154

2 499

659 651

21, 27421, 23410 5429 6341,058

39

378 82531 122

33.0

33.2

100107712

p2 24341 7817 491

27 5836.415 415.8

666.940

19, 76918, 1479,171

4598,441

439 3163 8109 6134 21 5991,902

1935,284

121.168.852.3

.910

.311

553, 808356, 24091 75512 815

8154.46

8.072

15 381

1 1, 665!310

1 6, 120

1 1, 845

!2651 340

2 71820 578

7571 335

5 594

!819 816

19, 34419, 3057 257

10, 7841,264

39

483, 654

32.3

33.5

107199786

46, 253

26.3636.415.315.8

.663

.940

19, 75318, 130

i 11,401456

1 10, 475

759 47 40 0

1,3992,521

122.269.752.5

.910

.311

15, 715

4.40

13 062

1,372192

5,088

1,560

208292

2 31218 571

849861

8,039

656 205

17, 57317, 5294 801

11, 3081,420

45

525, 502

31.1

'34.3

103178837

49, 519

24.69*>36.4* 15.2f 15.5

*>.659P . 941

19, 74718, 1338,963

4488,231

7 58.3735.8

1,6803,123

124.870.154.7

*.910P. 311

14,274

*>4.34

29,201

5 11, 010571 287

12, 5491, 565

57

28.2

34.9

100

24 76

19, 73018, 1447,951

3987, 309

r Revised. » Preliminary. 1 Data cover a 5-week period. 2 Ginnings to December 13. 3 Ginnings to January 16. 4 Total ginnings of 1956 crop. 6 December 1 crop estimate.6 Revised to include stocks held by warehouses not formerly reporting; data for August 1956-June 1957 are understated by an unknown amount. 7 Data for month shown.IData for November 1956 and January, April, July, and October 1957 cover 5-week periods (except data for men's apparel cuttings for January 1957 which cover 4 weeks) and for other

months, 4 weeks; cotton stocks and number of active spindles are for end of period covered. ©Revisions for 1955 and 1956 will be shown later.§Total ginnings to end of month indicated, except as noted.9 Includes data not shown separately.ARevisions for 1st 3 quarters of 1956 are available upon request.




1956

Novem-ber

Decem-ber

1957

Janu-ary



Decem-ber

TEXTILE PRODUCTS—Continued

WOOL AND MANUFACTURES

Wool consumption, mill (clean basis) :̂Apparel class thous of IbCarpet class do

Wool imports, clean content— __ __ do __Apparel class (dutiable), clean content- do

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Territory, fine dol. perlb__Fleece, 3/8 blood - - __do _ _

Australian, 64s, 70s, good topmaking, in bond- .doKnitting yarn, worsted, 2/20s-50s/56s, Bradford system,

wholesale price dol per Ib

Woolen and worsted woven goods, except woven felts:Production quarterly totaled thous of lin yd

Apparel fabrics, total doOther than Government orders, total do

Men's and boys' do~W omen's and children's do

Prices, wholesale, suiting, f. o. b. mill:Flannel, men's and boys' _ 1947-49=100-.Gabardine, women's and children's do

i 24, 9681 11, 547

14, 4845,391

1.5251.1681.450

1.997

114.097.3

20, 69610,72814, 773

7,010

1.6251.1951.525

2.045

' 74, 756r 71. 328' 70, 147' 34, 782* 35, 365

114.097.3

i 26, 531i 14, 863

24, 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, 5469,114

1.6221.1701.575

2.092

77, 30173, 34572, 04737, 19334, 854

115.697.3

i 25, 159i 14, 359

18, 7888,366

1.6451.1811.575

2.069

117.297.3

21, 3219,552

15, 0947,576

1.6751.2701.595

2.166

117.297.3

21, 5588,274

14, 4806,788

1.6751.2711.625

2.166

81, 20177, S7377, 10535, 48141, 624

118.097.3

* 21, 281i 8, 50815, 4116,245

1.6751.2721.625

2.166

118.097.3

19, 2779,779

18, 0516,604

1.6751.2851.625

2.166

118.097.3

18, 3779,554

19, 1016,953

1.6381.2651.625

2.166

74 93071, 09070, 18730, 31839 869

118.0100.4

i 18, 425i 11, 938

1.5601.2321.605

2.118

118.0100.4

13, 7988,091

1.5001. 1881.425

P2.021

116.3100.4

1.4381.1151.325

TRANSPORTATION EQUIPMENT

AIRCRAFTManufacturers of complete types:

Aircraft, engines, propellers, parts, etc.:Orders new (net) quarterly total mil of dolSales (net) quarterly total doBacklog of orders total end of quarter do

For U. S. military customers doCivilian aircraft:

Shipments _ thous. of dolAirframe weight thous. of Ib

Exports (commercial and civilian) cf thous. of dolMOTOR VEHICLES

Factory sales total numberCoaches, total - do

Domestic doPassenger cars, total - do

Domestic doTrucks, total do

Domestic doExports, total© do

Passenger cars (new and used)- _ _ d o _ -Trucks and buses© - ~do

Imports (cars trucks buses) total* doPassenger cars (new and used)* do

Truck trailers (incl. trailer chassis), prod doComplete trailers do

Vans doRegistrations:

New passenger cars doNew commercial cars do

RAILROAD EQUIPMENTAmerican Railway Car Institute:

Freight cars:Shiprppnt^ tntfil number

Equipment manufacturers total doDomestic do

Railroad and private-line shops, domestic doNew orders, total cf do

Equipment manufacturers total doDomestic do

Railroad and private-line shops, domestic doUnfilled orders, end of month, total _ do

Equipment manufacturers, total doDomestic do

Railroad and private-line shops, domestic doPassenger cars (equipment manufacturers) :

Shipments, total doDomestic do

Unfilled orders, end of month, total doDomestic do

Association of American Railroads:Freight cars (class I) :§

Number owned or leased, end of month thousHeld for repairs, percent of total owned

Locomotives (class I) :Steam, owned or leased, end of month thous

Held for repairs, percent of total owned -Diesel-electric and electric:

Owned or leased, end of mo No. of power unitsServiceable, end of month doInstalled in service (new) doUnfilled orders, end of month __ __ __ do _ _

Exports of locomotives, total (railroad-service and in-dustrial types) number

51, 5181, 550. 724,577

667, 187233186

576, 708556, 93190, 24674, 87023, 42613, 13910, 28712, 95012, 5474,7584,5672,524

403, 94866, 983

6,7404 3674,3222, 3734,0421 5921, 5922,450

119, 85358, 63658, 40961, 217

55

791679

1,7054 0

415.3

26, 73225, 804

122743

97

3,0202 998

18, 35012, 303

43, 1681, 413. 725, 053

700, 740228103

617, 599598, 39482, 91366, 12343, 61221, 73921, 87314, 10613, 7194,1533,9822,078

514, 06165, 698

7,2604 2724,2722,988

r 4, 753r 4 436r 4, 263

r 317117, 65758, 97158 57158, 686

95

842724

1,7084 0

415.1

26, 82325 856

110814

101

48, 4311, 574. 923, 067

719, 431269257

628, 045610, 67891, 11773, 20830, 21014, 75115, 45916, 55516, 1015, 0324,7832,625

437, 32056, 979

8,4034,6864,6863,7176,7792 2071,6624, 572

115, 60156, 49355 54859, 108

93

840728

1,7124 1

414.6

26, 92625, 864

117787

69

49, 2781, 554. 016, 516

662, 028238234

570, 023556, 93091, 76773, 69323, 53410, 63812, 89615, 25414, 8135,0904,8322, 654

438, 72562, 129

8,1844,5764,5763,608

r 4, 3892,2021,865

r 2 187113, 24753, 13451 85260, 113

2311

832732

1,7164.2

317.3

27, 06026, 002

127867

49

2,1282,669

17, 79511, 801

46, 4651, 615. 6

9,901

677, 778341307

585, 734569, 24291, 70373, 52343, 72418, 67325, 05122, 22321, 4355,5555,2632,608

572, 91774, 668

9,7725,6115,6114,1613,349

817817

2,532108, 99048, 33747, 05560, 653

63

836739

1,7204.1

316.6

27, 12526, 078

133747

79

57, 7231,871.626, 620

647, 414506410

541, 733526, 310105, 17584, 41034, 72314, 02920, 69422, 26221, 5495,5365,2782,580

548, 60975, 438

8,9615,1985,1983,7636,4786 4296,429

49106, 47249, 54048 25856, 932

117

825732

1,7244.4

317.5

27, 23426, 123

114693

64

83, 9652, 548. 016, 509

639, 886462309

537, 112522, 759102, 31282, 93034, 95614, 63520, 32121, 53620, 7015,5745,3162,665

556, 32482, 308

8,9025,2025,1243,700

r 3, 7302,3761,908

p 1, 35498, 60446, 66345 06551, 941

416

789727

1,7274.5

318.2

27, 38326, 423

119582

37

1,5243,015

16, 30410, 557

69, 3262, 104. 024, 495

591, 039389332

496, 329484, 84094, 32176, 85928, 30610, 90117, 40521, 83621, 2615,1104,6032,364

517, 04371, 335

8,5684,8204,6293,748

r 4, 889r2 128r 2, 128

2 76193, 21743, 85342, 44649, 364

6517

738722

1,7304.5

318.3

27, 45326,400

125462

62

70, 4802, 086. 019, 682

579, 951309302

484, 718474, 63594, 92476, 85624, 2219,562

14, 65923, 33222, 7534,1113, 9692,084

543, 26479, 117

7,8724,8114,6643,0611,108

832832276

86, 48939, 86438, 60446, 625

2715

721717

1,7314.9

318.1

27, 54826, 462

112395

54

62, 8251, 940. 631, 298

610, 747315281

52*1, 282513, 29089, 15074, 21227, 4599,977

17, 48224 46623, 6985,2584,3222,529

491, 83977, 053

8,8874,7164,5874,171

r 3, 1021,0821,068

r2 02080, 47736, 20334, 98444, 274

4340

678677

1,7355.0

317.4

27, 60226, 580

73320

50

1,0752,948

14, 4319,161

54, 7451, 631. 119, 408

380, 609243187

318, 279315, 00862, 08751, 01617, 3995,023

12, 37619, 91919,2004,6674,1842,522

495, 21778, 156

8,5004,9474,8973,553

'3,212r 1, 708r 1, 708

1,50473, 15032, 95431, 78540, 196

187185507492

1,7394.9

317.7

27, 67026, 569

99296

51

45, 522r 1,446. 3

24, 728

379, 316233232

291, 064282, 51088, 01973, 70718. 0536,273

11, 780

4,5984,3692,512

463, 79576, 899

8,3284, 8504,8173,4782.212

532526

1,68066, 86028,60227, 46038, 258

387376143139

1,7424.9

321.0

27, 69526, 702

56295

69

47, 1301, 474. 815, 317

676, 949241206

583, 783560, 14192,92578,92830, 32416, 00014, 324

4,0023,6562,061

408, 53461, 920

7,2604, 0333,9153,2271,090

977957113

60,23825, 44224, 39834, 796

55

134134

1,7455.0

322.2

27,85926, 773

160488

68

P2621,700*>2332

^2534,800

?286, 500

r Revised. *» Preliminary. * Data cover a 5-week period. 2 Preliminary estimate of production.^Data for November 1956 and January, April, July and October 1957 cover 5-week periods; other months cover 4 weeks. cfRevisions for 1956 will be shown later.©Data for July-December 1956 have been revised to exclude exports of "used" special-purpose vehicles; such types are included in the 1956 data published prior to the September

1957 SURVEY.*New series (from Bureau of the Census). Data cover complete units, chassis, and bodies. §Excludes railroad-owned private refrigerator cars.


•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40-

Pages marked SSections, by general subject:

General business indicators 1-5Commodity prices 5-7Construction and real estate 7,8Domestic trade 8-11Employment and population ... 11-15Finance 16-20International transactions of the U. S 21, 22Transportation and communications 23, 24Chemicals and allied products 24-26Electric power and gas 26,27Foodstuffs and tobacco 27-30Leather and products 30, 31Lumber and manufactures 31, 32Metals and manufactures 32-34Petroleum, coal, and products 35, 36Pulp, paper, and printing 36, 37Rubber and rubber products 37,38Stone, clay, and glass products 38Textile products 39,40Transportation equipment 40

Advertising 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 33Apparel 2, 3, 6, 8, 9, 10, 12, 13, 14, 15, 39Asphalt and asphalt and tar products 36Automobiles 2, 3, 8, 9, 12, 13, 14, 15, 16, 17, 22, 40Bakery products 2, 12, 13, 14, 15Balance of payments . 21Banking 14, 16Barley 28Barrels and drums 32Battery shipments 34Beef and veal 29Beverages 2,6,8,12,13,14,15,27Blast furnaces, steel works, etc___ 12, 14, 15Blowers and fans 34Bonds, outstanding, issued, prices, sales,

yields 17, 18, 19, 20Book publication 37Brass and bronze 33Brick 38Brokers' loans and balances 16, 19Building and construction materials 8, 9, 10Building costs 8Business incorporations (new), failures 5Business sales and inventories 3Butter 27Cans (metal), closures, crowns 32Car-loadings 23Cattle and calves 29Cement and concrete products 6, 38Cereal 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 6, 38Coal 3, 6, 11, 13, 14, 15, 22, 23, 35Cocoa - 22,29Coffee 22,30Coke 23,35Communications 11, 13, 14, 15, 19, 20, 24Confectionery, sales 29Construction:

Contract awards 7Costs 8Dwelling units 7Employment, hours, earnings, wage rates __ 11,

Highways 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, 33Corn 28Cost-of-living (see Consumer price index) 6Cotton, raw and manufactures . _ 2, 5, 6, 22, 39Cottonseed, cake and meal, oil 25Credit, short- and intermediate-term 16,17Crops 2, 5, 25, 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 23

Pages marked SFailures, 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 25Flooring 31Flour, wheat 29Food products 2, 3, 4, 5,

6, 8, 9, 10, 12, 13, 14, 15, 19, 22, 27, 28, 29, 30Foreclosures, real estate 8Foreign trade 21, 22Foundry equipment 34Freight carloadings 23Freight cars (equipment) 40Freight-car surplus and shortage .. . 23Fruits and vegetables 5, 6, 22, 28Fuel oil 35Fuels 6,35,36Furnaces 34Furniture 2,3,6,9, 10, 12, 14,15, 17Furs_-_ 22Gas, prices, customers, sales, revenues 6, 26, 27Gasoline 9, 36Glass products-.- 38Generators and motors 34Glycerin _ , 24Gold 18,21Grains 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 16Inventories, manufacturers' and trade. __ 3,4, 10, 11Iron and steel, crude and manufactures 2,

6,8,12,14,15,19,22,32,33Kerosene 35Labor disputes, turnover 13, 14Labor 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, 19, 31, 32Machine tools 34Machinery 2, 3, 4, 5, 6, 12, 13, 14, 15, 19, 22, 34Mail-order houses, sales 11Manmade fibers and manufactures 6, 39Manufacturers' sales, inventories, orders 3,4, 5Manufacturing production indexes 2, 3Manufacturing employment, production work-

ers, payrolls, hours, earnings 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, 19,32,33Milk 27Mining and minerals 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 expenditures 1,17Newsprint 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 - 12, 14, 15

Pages marked SPaint and paint materials 6, 26Panama Canal traffic 23Paper and products and pulp 2,

3, 4, 6,12, 13,14,15,19,36, 37Passports issued 24Payrolls, indexes 12Personal consumption expenditures 1,9Personal income 1Personal saving and disposable income 1Petroleum and products 2,

3, 6, 12, 13, 14, 15, 19, 22, 35, 36Pig iron 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 1,19Public utilities. 2, 6, 7, 11,13, 14, 15, 18, 19, 20, 26, 27Pullman Company 24Pulp and pulpwood 36Pumps 34Purchasing power of the dollar 7Radiators 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) 6, 9Retail trade, all retail stores, chain stores 01

stores and over only), general merchandise,department stores 3, 5, 9, 10, 11, 13, 14, 15, 17

Rice 28Roofing and siding, asphalt 36Rubber and products 2,

3,4,6,12,13,14,15,22,37,38Rye 28Saving, personal 1Savings deposits._« 16Securities issued 19Services _ . _ 1,9, 11, 13, 14, 15Sheep and lambs 29Ship and boat building. _ _ 12, 13, 14, 15Shoes and other footwear.^. 6, 9, 10, 12, 13, 14, 15, 31Shortening — _ 26Silk, prices, imports, production 6, 39Silver _ . _ _ . 18Soybeans and soybean oil 26Spindle activity, cotton 39Steel ingots and steel manufactures (see also

Iron and steel) 2,32,33Steel scrap 32Stocks, department stores 11Stocks, dividends, prices, yields, earnings,

sales, listings 20Stone and earth minerals 3Stoves 34Sugar 22,30Sulfur .-' 25Sulfuric acid 24Superphosphate 25Tea imports ;. 30Telephone, telegraph, cable, and radio-tele-

graph carriers 11, 13, 14, 15,20, 24Television and radio 3, 6, 8, 34Textiles and products 2,

3, 4, 6, 12, 13, 14, 15, 19, 22, 39, 40Tin 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,;i7, 20Transit lines, local 23Transportation and transportation equip-

ment 2,3,4,5,6,9,10, 11, 12, 13, 14, 15, 19, 22, 23, 24, 40

Travel . 24Truck trailers 40Trucks 2,34,40Unemployment 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, 27Vacuum cleaners 34Variety stores 9, 10Vegetable oils 25, 26Vegetables and fruits 5, 6, 22, 28Vessels cleared in foreign trade _ 23Veterans' benefits „_ 13, 17Wages and salaries 1,14, 15Washers 34Water heaters 34Wheat and wheat flour 28, 29Wholesale price indexes 6Wholesale trade 3, 5, 11, 13, 14, 15\Vood pulp - - 36Wool and wool manufactures 2, 5, 6> 22, 40Zinc_ 33


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U. S. INVESTMENTS

IN THE LATIN AMERICAN

ECONOMY

A comprehensive study of fie role of

U. 5. industry in the developing countries

of Latin America.

• U. S. investments in the Latin American Economy reveals basic facts about private

foreign investment essential for a clear understanding of the significance of such

investments in other developing countries. New data include:

Production—for export and local con-sumption.

Foreign Exchange—earned and saved.

Employment—wage and salary pay-ments.

Taxes paid—contributions to governmentrevenues.

Payments to local suppliers—incomesstimulated.

Gross capital outlays—and sources offunds.

SEPARATE SECTIONS COVERING

Industries: Petroleum, Manufacturing, Mining and Smelting, Agriculture, and Public Utilities,

Countries: Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, Venezuela, and CentralAmerica.

This 194-page report contains more than 100 charts and 123 tables in a separate

statistical section—the complete results of a study for which preliminary findings

appeared earlier in Survey of Current Business. For sale by the Superintendent of

Documents, U. S. Government Printing Office, Washington 25, D. C. Price $1.75Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis