SCB_031956

MARCH 1956

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. 3

MARCH 1956

PAGE

THE BUSINESS SITUATION 1

Trends in Output 3

The Balance of Payments during the FourthQuarter « . . . 5

* * *

SPECIAL ARTICLES

Business Expectations for 1956—Investment Outlays and Sales 9

Developments in Overseas Transportation.... 15

* * *

MONTHLY BUSINESS STATISTICS.. ..S-l to S-40

Statistical Index Inside back cover

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For local telephone listing, consult section

devoted to U. S. Government


MARCH 1956

By the Office of Business Economics

Expectations by Business for 1956PLANT AND EQUIPMENT EXPENDITURESare programed at record $35 billion

BILLIONS OF DOLLARS40 —

30 —

20 —

10 —mm

a

m

1950 1951 1952 1953 1954 1955 19561

SALES are also expected to be higher

BILLIONS OF DOLLARS400 —

MANUFACTURING TRADE(WHOLESALE 8 RETAIL)

300 —

200 —

100 —

:•;• N O N D U R A B L E -•XGOODS INDUSTRIES

1953 54 55 56 1953 54 55 56

* Anticipated

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

DATA: SEC ft Q B E

56 -15 -1

B,JUSTNESS activity in early 1956 has been maintained atthe high rate of the fourth quarter of last year. In mostmajor industries production and sales have tended to leveloff, while among industries showing pronounced changes themovements have been mixed. This is in contrast to lastyear, when most major sectors were rising. As a result,nearly all of the comprehensive monthly indicators ofeconomic activity have varied but little from their levels atthe end of 1955.

The strongest segment of demand currently is fixed capitalinvestment by business. Outlays for plant and equipmentcontinue to rise strongly, and further advances during theremainder of 1956 are indicated by business investmentschedules reported to the Office of Business Economics andthe Securities and Exchange Commission. This survey,which is analyzed in detail in a special article in this issue,indicates that nonfarm business has programed 1956 invest-ment outlays 22 percent above the record high 1955 expendi-tures.

Diverse trends in consumer purchasing

Sales of retail stores, seasonally adjusted, in January andFebruary averaged a little below the fourth quarter rate.Sales by nondurable goods stores, which had been risinggradually throughout 1955, averaged about the same as inthe fourth quarter. Sales by durable goods stores, whichhad accounted for the larger part of the retail sales advanceduring most of 1955, have been declining since September,chiefly because of a drop in seasonally adjusted sales ofautomotive dealers. Consumers have continued this yearto expand their spending for services, according to pre-liminary indications.

Personal income was nearly stable from November throughJanuary except for a bulge created in December by thepayment of an exceptionally large volume of year-end extraand special dividend payments. Increases in nonmanufac-turing payrolls offset a reduction in manufacturing wages sothat total payrolls showed little change, while advances ininterest and transfer payments more than matched a reduc-tion in proprietors' income stemming from the farm sector.The seasonally adjusted annual rate of personal income inJanuary, at $312K billion, fractionally exceeded the $312billion fourth quarter rate.

The volume of consumer credit outstanding declined inJanuary as is usual for the season. There is no evidence,however, of any general lessening in consumers' willingnessto make use of available credit. Seasonally adjusted in-stallment credit extended has continued to rise, with theJanuary figure 1 percent above December.

3747540—5


SURVEY OF CURRENT BUSINESS March 1956

Construction developmentsConstruction activity in January and February averaged a

little below the fourth quarter rate, on a seasonally adjustedbasis. The reduction in work put in place was due to theresidential component, which was off 6 percent in this periodwith the monthlv pattern continuing steadily downward.The seasonally adjusted rate of new housing starts, however,has been showing only slight declines for the past fewmonths—following the much sharper drop earlier last year—and in February, according to preliminary data, increasedslightly from January. Requests for Veterans' Administra-tion appraisals of proposed new home construction andapplications for Federal Housing Administration commit-ments, although much below year-earlier figures, increasedin January and. February by amounts which, with the excep-tion of the February FHA figure, appear to be of somewhatmore than the usual seasonal proportions.

Private construction other than residential continuesstrong, with the first two months of this year averaging atabout the fourth quarter rate. Industrial construction hasbeen particularly active with the advance in manufacturers'investment programs. Public construction has moved upfrom the fourth quarter, with the February seasonally ad-justed rate the highest since last May.

Moderate inventory accumulationBusiness has continued to add to inventories in early 1956.

Aside from changes in dealers' stocks of automobiles, the rateof accumulation in the aggregate does not appear noticeablydifferent from that in evidence during the latter part of 1955.The cutback in passenger car production, described below, bythe end of February had brought assemblies close to the rateof deliveries and cut sharply into the rate of inventory build-ing of new cars; in the early weeks of 1956 such stocks hadcontinued to mount rapidly.

The total book value of inventories held by manufacturingand trade firms at the end of January is estimated at $82.6billion on a seasonally adjusted basis, an increase of $K billionfrom the year end. Manufacturers' stocks expanded $300million, wholesale stocks were unchanged and retail inven-tories increased $200 million. Most of the increase at themanufacturing level occurred in durable goods lines, wherepart of the advance in book values is attributable to thecontinuing rise in prices of metals and metal products. Thelarger holdings of motor vehicle dealers accounted for mostof the retail stocks expansion, although department storeinventories also increased on a seasonally adjusted basis.

Employment relatively stableCivilian employment in February totaled 62.6 million, a

drop of 0.3 million from January. The decline was to aconsiderable extent seasonal and about equally dividedbetween agricultural and nonagricultural industries. Unem-ployment continued at the January level of 2.9 million.

Employment in nonagricultural establishments, adjustedfor seasonal variation, eased slightly in February after asteady advance in every month except one since September1954." The number of nonagricultural wage and salaryworkers, seasonally adjusted, was 50.2 million in February,down 100,000 from January but 1.7 million above February1955. The relative stability observed in the overall totalsince December reflects small divergent changes in the com-ponent industry groups which were largely offsetting.

In the employment expansion which took place during1955, the commodity-producing industries contributed some-

what more than half of the total increase and noncommodity-producing industries a little less than half. Within the formergroup, manufacturing accounted for all of the 1955 rise, asmining and construction employment showed only nominalchanges; manufacturing has also accounted for virtually allof the relatively small contraction in January and Februaryof this year. During 1955 employment gains were generalamong all major noncommodity-producing industry groups.Since December, however, the forward movement has beenless general as employment has declined moderately on aseasonally adjusted basis in wholesale trade, transportationand public utilities and, from January to February, in retailtrade also.

Changes in manufacturing employmentThe pattern of manufacturing employment has changed

somewhat since last November. The broad general expan-sion that prevailed until that month shifted in December toa pattern which has displayed divergent employment tenden-cies among the major sectors, with the production workertotal drifting downward on a seasonally adjusted basis.

For the nondurable goods manufacturers, the 1955 season-ally adjusted employment high point was reached in Novem-ber; all major industries except chemical, rubber and leatherproducts have shown some degree of curtailment since then.The largest reductions occurred in food products and appareland allied products, in both of which February employmentwas 2J-2 percent below November.

Employment in durable goods establishments reached apeak in December; since then employment has dropped alittle with most major component groups registering smalldeclines. Except for the electrical machinery industry,where employment was affected by a labor dispute, most ofthe recent decline in durable goods employment is a t t r i bu t -able to curtailment in the automotive and supplying indus-tries which was only partially offset by expansion in non-electrical machinery, aircraft and railroad equipment.

Other factors affecting employee compensationIn addition to some small employment curtailment, the

number of hours worked per week in manufacturing shrunk0.7 hours from December to January, somewhat more thanusual for the season, but remained unchanged in February.The January workweek curtailment was much more pro-nounced in the durable goods industries than in the nondur-ables.

Except for the decline in overtime pay, average hourlyearnings in the various manufacturing and nonmanufacturingindustries have continued their gradual upward trend orremained unchanged. On March 1 the amendment to theFair Labor Standards Act raising the minimum wage to $1per hour became effective. It is estimated that the increasein the minimum wage directly affects approximately 2 mil-lion workers engaged in interstate commerce or in the pro-duction of goods entering interstate commerce.

Price changesThe divergence in trend between prices of goods and of

services at the consumer level continues in evidence.Throughout the past year consumer service prices, includingrent, moved steadily higher while consumer commodities,as a group, edged downward, The decline of goods priceswas most pronounced in the final quarter of the year andcontinued in January, with the Bureau of Labor Statisticsreporting reductions from December in the food, house-furnishings and apparel indexes and in retail automobile


March 1956 SURVEY OF CURRENT BUSINESS

prices. Largely because of the downtrend of goods prices,the comprehensive consumer price index declined slightly inJanuary for the second successive month and stood only 0.3percent above the January 1955 level.

In wholesale markets, a clue to the pattern of price develop-ments is the increasing difference between the movement ofconsumer goods prices and that of producers goods. Exami-nation of the movements during the 12 months ending inJanuary of wholesale prices of all finished goods shows that,while prices of consumer nondurables, other than foods, andconsumer durables have moved somewhat higher, especiallysince September, prices of producers' durables have gained

considerably more. Prices of machinery and equipmentadvanced 7 percent in the year ended in January. Indexesof building costs have also increased, by amounts rangingfrom about 4 to 7 percent, over this period.

The composite wholesale price index rose in Februaryfor the third successive month and stood 1.7 percent abovethe index a year earlier. Most of the rise during this periodis attributable to commodities other than farm products andfoods which reached a new high 4 percent above February1955. Although farm product prices increased by more than2 percent from Januaiy to February, they were about 7/2percent below a year ago.

Trends in Output

INDUSTRIAL production has shown little change in recentmonths following the sustained rise during most of lastyear. The Federal Reserve seasonally adjusted productionindex in February held at the Januaiy rate of 143 percentof the 1947-49 average. As compared with a year earlierindustrial output was 8 percent higher. Since Septemberof last year the index has shown little change.

The recent relative stability in total industrial productionhas occurred as a result of a leveling off in production inmany industries and mixed changes in the remainder, withsome decline in the rate of output of a few manufacturingindustries about offset by continued advances elsewhere.This pattern is in contrast with early 1955, when rises inoutput in virtually all lines of manufacturing dominated theproduction pattern.

Industries currently showing sizable declines from earlierhighs are few and are concentrated in the durable goods in-dustries, particularly those making consumer durables ormaterials and parts for them. With the exception of motorvehicles and major household lines, decreases in outputhave been of relatively moderate proportions, ranging from1 to 7 percent.

Developments in the auto and supplier industriesThe aggregate value of sales by the motor vehicle manufac-

turing industry, including defense materiel and other prod-ucts produced within the industry, in 1955 was at a recordhigh and accounted for a significant portion of all manufac-turers' shipments.

The wide variations in the production of autos, trucks andparts are depicted in the chart. The remaining industriesare divided in the chart into 2 groups: One consisting of theprimary metals, radios, flat and other glass, tires and tubes,synthetic rubber, and synthetic fiber industries, all of whichare major suppliers of materials and components to the autoindustry; arid the other all other manufacturing production.The monthly indexes shown in the chart represent selectedcombinations of the Federal Reserve indexes of production,without adjustment for seasonal variation.

Automobiles, together with the primary metals and otherindustries included in the second group accounted for roughlytwo-fifths of the 17 percent rise in total industrial outputfrom August-September 1954 through November 1955. Itshould be noted that this proportion is based on the entireoutput of the industries mentioned.

The sharp dips in the production curve for autos, trucks,and parts which, as the chart shows, occurred in the Fallmonths of each year reflect wide scale plant shutdowns duringthe usual annual model changeover periods. The chart alsoshows considerable amplitude in the movement of outputof all 3 groups during the 1953-54 business adjustment andin the subsequent recovery.

Table 1.—Metal fabricating Industries, except Automotive: Newand Unfilled Orders

[Billions of dollars; not, adjusted for seasonal variation]

New orders Unfilled orders

Industry

Fabricated metals

Machinery, total

Other

Total

Monthly average.1955

1st half

1. 3

3.4

2. 0

6.7

2d half

1. 5

3. 9

2. 3

7.7

January1956

1. 4

3. 9

2. 8

8.1

1955

June 30

3. 6

13. 7

18. 0

35.3

Decem-ber 31

4. 0

16. 2

19. 4

39.7

Jan. 31,1956

4. 1

16. 5

20. 2

40.9

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

Aggregate output of autos, trucks, and parts in Februaryof this year, as measured by the Federal Reserve Board un-adjusted production index, was 15 percent below the excep-tionally high November rate and 9 percent under the volumea year earlier. All 3 segments of the automotive industry—passenger cars, trucks, and automotive parts—participated inthe decline from November through February, with the bulkof the decrease occurring in the passenger car component.The recent reduction in output of trucks and automotiveparts, which together account for more than two-thirds of theweight of the automotive group, was much less pronouncedthan that in passenger car assemblies.

Decrease sharpest in passenger cars

Cutbacks in motor vehicle production began in mid-De-cember and continued through February. Some pickupfrom the late February low occurred in early March. Re-duced output followed a period of exceptionally high activity


SURVEY OF CURRENT BUSINESS March 1956

during which the industry was working considerable over-time in turning out the 1956 models following completion ofthe model changeover period in September and October.Weekly assemblies of motor vehicles from mid-Decemberthrough February, although erratic, were tending sharplydownward.

On a monthly basis, assemblies of passenger cars haveshown successive declines from the high November 1955 totalof 746,000 to 554,000 in February, a drop of one-fourth. Lastmonth's completions were 18 percent below a year ago. De-

Output of Automotive and Related

Industries Compared with Other

ManufacturesINDEX, 1st Half 1953 = 100

140

120

100

80

60

AUTOS, TRUCKS, AND PARTS

INDUSTRIES RELATEDTO AUTOS

40 ly^l I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

120

too

1953 1954 1955NOT ADJUSTED FOR SEASONAL VARIATION

I/ Includes primary metals, radios, flat and other glass, tires andtubes, synthetic rubber, and synthetic fibers

1956


DATA: FRB 8 OBE

56- 15 -3

spite the sizable reduction, February output was still higherthan in any other February except 1955. The reductionfrom January to February was much less than from Decemberto January, and March production schedules call for a some-what higher average daily rate.

The rapid buildup in the output of 1956 passenger modelswas considerably in excess of consumer purchases so thatstocks of new passenger cars in the hands of retail dealersmounted very rapidly after October of last year. In recentweeks production schedules have been brought into approxi-mate balance with retail deliveries.

Foreign demand for motor vehicles and parts accounted forabout 5 percent of total domestic and foreign sales in 1955.

In absolute terms, factory shipments of passenger cars toforeign markets in 1955 were 50,000 higher than in 1954 withtruck shipments showing little change. Because of theconsiderably higher output, however, the proportions tototal shipments were somewhat smaller in 1955 than in 1954.The favorable export demand continued in January of 1956.

Sopp/ier industries little changedThe sharp drop in output of autos, trucks, and parts has

had little effect so far on the aggregate production of supply-ing industries. This may be explained by the fact that thesteel and most other primary metals industries have contin-ued to operate at virtual capacity to meet the increased de-mands from metal consuming nonautomotive industries.

In the case of steel, operations in the first half of 1955were 92 percent of rated capacity at a time when the autoindustry was consuming finished steel products at a recordrate. During this period, however, activity and steel con-sumption in other metal consuming industries was stillappreciably below previous highs and their takings of finishedsteel from mills accounted for 76 percent of total millshipments to the domestic markets. In the last half of 1955and particularly in the most recent months, the situation hasbeen reversed with the nonautomotive consumers of steeltaking up the slack resulting from the downturn in motorvehicle requirements. In the last half of 1955, these con-sumers received 78 percent of total shipments of finishedsteel products. Production of steel ingots and castings hasbeen averaging over 10.4 million tons per month since lastSeptember, with the daily average output in January andFebruary of this year at a record high.

The cut in motor vehicle production has also had an impactupon some of the nonmetal supplying industries where out-put has shown significant declines. These were limited,however, to products or components produced solely for theauto industry, such as auto radios and tires for originalequipment.

Nonautomotive manufacturing output steadyProduction in industries outside the automotive and re-

lated groups has shown little change, after adjustment forseasonal variation. For the most part, output changesamong the major industrial groups from November throughFebruary were confined within narrow limits. Industriesshowing production increases during this period includednonelectrical machinery, transportation equipment (otherthan automotive) and instruments among durable manufac-tures and chemicals, paper, refined petroleum, and leatherproducts within the nondurable goods group. Output inmost other industries showed little change.

The major exceptions to the generally rising or stabletrends in nonautomotive and related output were producersof electrical machinery, fabricated metal products, and majorhousehold consumer goods. In these industries productiondeclines ranged from 6 percent for fabricated metal productsto 10 percent for household durables. In the case of elec-trical machinery, an important part of the decline occurredfrom October to November and reflected work stoppages invarious plants of an important producer.

Production of machinery and other capital equipmentcontinues to be well supported by a heavy volume of neworders and high and rising backlogs, as is evident from theaccompanying tabulation. Unfilled orders of these industriesin January of this year were equivalent to 6 months' sales atthe January rate as compared with 4.8 months' sales in mid-1955. The expansion in new orders for capital equipment sincethe end of June has been widely distributed throughout thenonautomotive metal fabricating industries, being especiallymarked for machine tools, railroad equipment and aircraft.


March 1956 SURVEY OF CURRENT BUSINESS

Output of building materials was maintained at a high ratenotwithstanding the lower volume of home building. Totalconstruction activity in January and February was close tothe average rate of 1955. An indication of continuedstrength in construction activity is the increase in bookingsof fabricated structural steel. These orders in the last halfof 1955 were one-fourth larger than those received in thefirst half and this favorable trend continued in January of thisyear when contracts closed reached a record volume.

Production of household durables as a group reached its1955 high in the third quarter, was cut back in the finalquarter, and has shown little change from December 1955through February. Output in the first 2 months of this year,seasonally adjusted, averaged a tenth less than the third-quarter rate of 1955 but was still 5 percent above the com-parable 1955 period. The most appreciable decline from

1955 highs occurred in the output of radios and televisionsets—-the average number produced in January and Februarybeing nearl} one-third below the third quarter volume.Declines in major appliances, furniture and floor coveringswere much less pronounced, averaging under 3 percent.Production trends among the major appliances have beenmixed, with output of refrigeration equipment sharply si acethe fall months while production of laundry appliances hasrisen to a new high.

Output of other consumer durable goods—auto replace-ment parts and tires, and miscellaneous goods—has remainedsteady since October 1955.

Production of nondurable manufactures as a group haskept close to peak rates with small divergent changes amongthe major groups. The largest decline—3 percent from theNovember high—occurred in the production of textile millproducts and apparel.

The Balance of Payments during the Fourth QuarterINTERNATIONAL transactions at the end of last year re-flected the continued expansion in business activity bothhere and abroad. United States payments during the fourthquarter, which were at a record annual rate of $22.2 billion(after seasonal adjustments), were temporarily expanded byspecial developments, however, and the rise from the pre-vious quarter was more than could be attributed to thechange in business activity alone.

Special factors expand United States payments

The rise in merchandise imports to a seasonally adjustedannual rate of $12.5 billion compensated for the lag in im-ports relative to current demand earlier in the year.

Coffee imports were substantially in excess of the current

Table 2.—United States Balance of Payments; Seasonally Adjusted

Exports of goods and services,total *

MerchandiseServices - - -

Imports of goods and services,total - _ _ ._Merchandise

Services

Balance on goods and services. _Remittances and pensionsGovernment grants and related

capital movementsMovements of United States

capital excluding transactionsrelated to grants

Foreign capital and gold

Errors and omissions

I

4,1242,8891,235

3,7812,4311,350

343-142

-430

-239440

28

19

II

4,5703, 3541,216

4,1052,7091 396

465-148

—395

-258401

—65

54

III

4, 3743,1411,233

3,9592,5591,400

415-142

—489

-308429

95

IV

4,6963 3231,373

4,0272,6051 422

669-148

—520

-467487

-21

I

4,8273 4801,347

4,1732,6951 478

654-148

—651

-38124

59

19,

II

4,7193,3901,329

4,3012,7531, 548

418-145

—566

-412714

Q

55

III

5,0793,6701,409

4,4752,9001,575

604-154

—467

-220349

— 112

IV

5,0773 6371,440

4,7073,1421 565

370-156

—402

-312316

184

1. Excluding transfers of military supplies and services under Government grant-aidprograms.

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

rate of consumption and resulted in a partial rebuilding ofinventories from the exceptionally low point to which theyhad been reduced. The increase from the third quarter incoffee imports was more than $100 million, which exceededthe average seasonal rise by nearly $60 million. Imports of

sugar which were partly postponed from earlier periods ofthe year to the fourth quarter added about $70 million tothe seasonally adjusted import value. Coffee and sugaraccounted, therefore, for about $130 million of the seasonallyadjusted import rise of about $240 million from the third tothe fourth quarter.

Other transactions which have raised the outflow of fundsfrom the United States but may be considered temporaryand not necessarily connected with basic trends in thebusiness situation include the change in private UnitedStates short-term capital movements from an inflow of $57million during the third quarter to an outflow of $154million. Similar net changes in the flow of United Statesshort-term capital from the third to the fourth quarter haveoccurred in all years since 1949 but not in that magnitude.The average change during the years 1949 to 1954 was only$75 million and the maximum during that period was $121million in 1952.

At the beginning of the current year supplies for certainraw materials, particularly metals, remained tight, and theupward trend in imports of consumer goods, in tourist ex-penditures, and in transportation payments apparentlycontinued. At the same time, the relatively low rate ofGovernment rionmilitary grants during the latter part of lastyear makes it unlikely that a further decline in the out-flow of funds through these transactions would continue tooffset a rise in other payments to foreign countries as wasthe case during the second half of 1955.

Exports continue high

The seasonally adjusted annual rate of foreign 'expendi-tures in the United States, including income payments onUnited States, investments, was about $20.2 billion. Thisamount represents an increase by about $0.5 billion over theaverage rate for 1955 as a whole.

Merchandise exports (excluding shipments of militaryitems) during the fourth quarter remained at the seasonallyadjusted annual rate of $14.6 billion which was reached dur-ing the previous quarter, and represents the highest amountsince 1947,

The gain in merchandise exports as compared with thefourth quarter of 1954 amounted to about $1.2 billion on anannual basis. The corresponding rise in shipments of non-


6 SURVEY OF CURRENT BUSINESS March 1956

agricultural goods was even greater. Agricultural exportswere smaller than in the fourth quarter of 1954 as lowercotton exports were only partially offset by higher shipmentsof other agricultural items.

While heavier shipments of industrial raw materials to

Western Europe were largely responsible for the uptrend inexports earlier in 1955, higher shipments of consumer itemsand industrial machinery accounted for nearly two-thirds ofthe rise in nonagricultural exports from the third to thefourth quarter of 1955. The increased relative importance

Table 3.—Balance of Payments of the United States

Line

1

2

3

4

56

78

9

10111213

14

1516

1718

19

2021

2223

2125

26

27

2829

30

3132333435363738

394041

42

43

44

45464748

Exports of goods and services,totalMilitary transfers under

grants, net, totalOther goods and services,

totalMerchandise, adjusted, ex-

cluding militaryTransportationTravel-Miscellaneous services:

Private _..Government, excluding

militaryMilitary transactionsIncome* on investments:

Direct investmentsOther privateGovernment

Imports of goods and services,totalMerchandise, adjusted, ex-

cluding militaryTransportationTravelMiscellaneous services:

PrivateGovernment, excluding

militaryMilitary expendituresIncome on investments:

PrivateGovernment

Balance on goods and services:TotalExcluding military transfers-

Unilateral transfers, net (toforeign countries (— )):TotalExcluding military supplies

and servicesPrivate remittancesGovernment:

Military supplies andservices

Other grantsPensions and other

transfersUnited States capital, net

(outflow of funds ( — ))Private, net, total

Direct investments

"RpdpmntionsOther long-term, net-.-Short-term net

Government, net, totalLong-term capital, out-

RepaymentsShort-term, net

Foreign capital, net (outflow offunds ( )) totalDirect and long-term port-

folio investments otherthan United States Gov-

Transac t ions in Uni t edStates Government secu-

Short-term liabilities to foreignbanks and official institu-

Other short-term liabilities...Gold sales (purchases ( — ))Foreign capital and gold, total-Errors and omissions and

transfers of funds betweenforeign areas (receipts byforeign areas ( — )), net

All areas

1954

20, 896

3, 132

17,764

12, 7071,222

538

816

136179

1, 665229272

15, 872

10, 3041,001

958

347

2482,595

36059

5,0241,892

-5,290

-2, 158-452

— 3 132-1,578

-128

-1,528-1,621

-761309124

-40-635

93

-306507

-108

1,459

225

8

1 234-8298

1,757

37

1955

Year v\ I j II

21. 848

2, 146

19. 702

14, 1771, 322

604

817

128201

1.926252275

17, 656

11,4901,1791, 095

369

2522,767

41094

4,1922,046

-4, 576

-2,430-463

— 2. 146-1,827

-140

-1,241-948-686

116203

-179-170-293

-374415

-334

1, 463

286

520

704

-£1,503

122

5,183

499

4, 684

3, 443311113

202

3249

4266048

4,092

2, 762255170

90

54648

9716

1,091592

-1,224

-725-112

— 499— 576

-37

—74-3

-73— 60

952114

-71

-4570

-96

156

79

187

-1695930

186

21

5, 469

614

4,855

3, 536329160

197

3248

4386550

4,444

2,799308299

96

759

10620

1,025411

-1,239

-625-110

-614

iii'- !

5, 403 !

610|

4. 793

3. 383336201

197

3253

4686261

4,553

2,814321440

91

84673

10327

850240

-1,131

-521-111

-610-482! -376

-33 -34

-561 -215-3971 -167-290 -156

17 — 1359

-60-89

-164

-15184

538

93

107

453-115

33571

204

!

IV P

5, 793

423

5, 370

3,815346130

221

3251

59465

116

4, 567

3, 115295186

92

57687

10431

1.226803

-982

-559-130

-423-393

-36

-391-381-167

— ?fi28i 21

—83 —5757 -152

-48 -10

-75 -103104 157

-77 -64

512 257

95; 19

192 34

144 27681 -72

— 15 -8497 249

-I -102

Western Europe

1954

7.269

2.312

4,957

3, 483519

48

375

7222

18546

207

4,957

2, 024495344

261

951,456

25131

2, 312

-3, 573

-1,261-231

-2,312-1,000

-30

5-198-36

11

-240203

-105335

-27

1, 115

214

— 6

942-35379

1,494

-238

1955

Year p| I

7, 457

1. 571

5, 886

4, 301

1!367

6432

25349

208

5, 744

2. 395586401

286

951, 639

28260

1,713142

-2, 652

-1,081-250

-1,571-791

-40

-160-119-116

— 21

'4'2-41

-74251

-218

962

274

146

5375

791,041

58

1,832

360

1,472

1, 10313111

94

1611

601036

1,269

54811741

70

23386

7410

563203

-754

-394-62

-360-323

II i

1,807

434

1.373!

1, 004'142|15

87

16

60 !

1626

1,501

555166131

74

24472

6613

306-128

-657

-223-60

-434-154

9

6 -13836 -69

-48 -50— 12 —9

9

7?)18

-30

41-64

223

76

58

375238

261

-76

5-34

19-69

-3736

— 68

269

66

71

173-41

42311

178

n i H

1,823

435

1,388

1, 009141

14

82

168

601147

1,480

580169167

71

24382

7017

343-92

-656

-221-59

-435-152

-10

-28-29-25

3-32

25

-1271

-58

343

114

27

16240

(«)343

-2

IV p

1. 995

342

1, 653

1, 185147

11

104

166

731299

1,494

71213462

71

24399

7220

501159

-585

-243-69

-342-162

-12

-577

6-6

-6457

-18103

-28

127

18

-10

165-46-1126

-42

Western European dependencies j Eastern Europe

1954

702

702

488489

13

(*)(*)

143

1

1,063

8452360

(*)

7123

41

-361-361

-26

-26-25

-,19126

7-1

7

(')

-59

5

-2

-56-6

(«)-59

427

1955

Year *\ I II III ' j IV *

723

(J)

723

5054410

16

(*)(*)

148

(*)

1,202

9442572

(')

7150

400

-479-479

-28

-28-24

-3

-1

191510

414

004

(')

5

00

-6

(£

493

1

1731 182 165

(*}

173

125111

4

(*)(')

32

(*)

325

257

21

(*)

239

1(*)

-152-152

:—1

(')171515

2

(*)2

(«)o

1(S146

182:127122

4

(X)

(*)

37

304

2377

21

(*)

137

1(*)

-122-122

— 5

— 5-5

(*)

(*)

-7-9-8

-12

(X)2c*r-3

3

(*)

-4-2

-3

137

165

115114

4

(*)(*)

31

(*)

277

2126

16

(*)

240

1(*)

-112-112

— 5

-5-5

(*)

(*)

181813

23

(*)

(*)(*)

5

(*)

(')

14

5

94

203

203

138103

4

(x)(*)

48 i(*)

296

238

il(*)

234

(*)

-93-93

-10

-10— 7

-2

— 1

-9-9

-10

2-1

(')

(*)(")

-4

2

-4-2

(x)-4

116

1954

30

30

16

~oo4

(*)

10

45

42

00

21

-15-15

05

-25-16

g

(•)

4(*)

(*)4

(*)

1

(•)

1

3o

1955

Year* I II

26

26

11(*)(*)

4

(*)

11

59

56

(«)

300

-33-33

-15

-15-14

-1

(•)

4(*)

"(')"4

5-1

(«)

44

6 11

6

4(")(*)

1

(*)

1

14

13

(')

1(z)

-8-8

-4

-4-3

-1

(')

2

~ ~ ~ 2

200

(*)

(•)(•)

(•)

10

11

2

(*)

1

(*)

8

11

11

(*)

(*)(*)

-4

-4-4

(*)

(*)

(*)(*)

(*)(*)

(*)(*)

3

3

1

III-

5

5

2

(*)

1

(*)

2

17

16

(*)

1(*)

-12-12

-3

(*)(X)

1(*)

(")

-12

(~)*

17

IV *

4

4

3

(*)

1

(*)

17

16

(')

1(*)

-13-13

-4

-4-4

(•)

1(*)

(*)

100

00

(*)(•)(*)

16

' Preliminary. r Revised. * Less than $500,000.


1956 SURVEY OF CURRENT BUSINESS

of such finished goods in the overall exports during thefourth quarter reflected mainly rising demand on the part ofcountries in Latin America and the outer sterling area, aswell as a continued increase in Canadian demand. Althoughshipments to Western Europe also rose substantially as com-

pared with the third quarter, the increase in exports to thatarea was comprised chiefly of agricultural commodities.

The rise during the fourth quarter in foreign gold anddollar assets through transactions with the United Stateswas about $250 million as compared with nearly $400 million

by Area 1954 Annual and 1955 Annual arid by Quarters[Millions of dollars;

Canada

1954

3, 830

3, 830

2, 85089311

101

2107

236133

1

3, 034

2, 34188284

28

3192

8711

796796

-7

—72

—9

-423-425-469-107

89145-232

-811-1

51

-40

-135

230-4-1239

-405

1955

Year P

4,389

4,389

3,318100355

101

194

288131

3,400

2, 65295306

30

3196

10216

989989

-10

-101

-11

-244-252-340-3816051oc

8

(*)9

—1

-243

-38

345

-469-81-23-266

-469

I

934

934

7132062

22

24

5934

(*)

694

5811926

5

43

173

240240

-1

-12

-3

-36-36-75-387818

-1900(*)(*)

-144

—14

89

-181-38-5

-149

-54

II

1,156

1,156

8912595

25

123

6531

00

850

6782262

6

143

353

306306

-3

-3-1

-2

-73-75-93

504

-362

2

7

14

80

-38-49-43

-233

III'

1,125

1,125

82928125

27

(*)22

6034

00

973

68628170

6

150

275

152152

o

-3(*)

-3

-56-56-117

2043-2

1-1

29

-27

136

-13454-623

-116

IV P

1,174

1, 174

8852773

27

(*)25

10432

883

7072648

13

160

235

291291

-3(*)

-3

-79-85-55

12-14-286

6

-135

-11

40

-116-48-8

-143

-66

Latin American republics All other countries

1954

4,695

47

4,648

3,312311144

163

2411

6302132

4,078

3,434243244

48

6724

135

617570

-138

-91-47

-47-37

-7

-535-501-102

8-97-310-34

-114830

236

32

85

7940

-69167

-111

1955

Year P

4,820

32

4,788

3,274342157

160

24

7543134

4,183

3,468282283

42

6820

146

637605

-148

-116-43

-32-67

-6

-340-291-119-19

-20323

-49

-14211623

171

21

49

6140

-25146

-295

I

1, 148

14

1,134

7798434

39

63

17676

1,076

8976874

12

174

31

7258

-38

-24-8

-14-14

-2

-9-453

2-100

41-5

—2120-4

-61

10

26

-13336-7-68

43

II

1, 160

6

1, 154

8018440

*5

162

11

1,006

8226875

13

186

31

154148

-33

-27-9

-6-17

-1

-160-130-106

_ _3

-3912

-30

-6637-1

126

6

2

144-26-3123

-84

III r IV P

1, 201

8

1, 193

7958548

1I

20476

999

8137077

12

175

32

202194

-42

-34—14

-8-19

-1

-38-158

—12

-6440

-23

-3221

-12

13

00

20

-52

-13

-122

1, 311

4

1,307

8998935

42

6

2121011

1, 102

9367657

5

165

52

209205

-35

-31-12

-4-17

-2

-133-142-74

2(*)-709

-2338-6

93

5

1

5532-291

-132

1954J|

4,295

3,522

2, 54225526

115

3839

4711521

2,654

1,61415226

10

46799

52

1,641868

-1,461

-688-135

-773-472

-81

-435-345-160-549

-79-61-90

-7966

-77

-86

4

-2

-83—512

-74

329

1955

Year p

4,374

543

3, 831

2, 76827531

125

3963

4832621

3,026

1,96919133

11

48762

84

1,348805

-1,663

-1,120-133

—543-905

-82

-497-276-121-5611-3

-107-221

—15828

-91

487

11

22

462-8

""""487

325

I

1, 075

125

950

719655

31

1011

9!5

710

465468

3

10176

2(*)

365240

-410

-285

-10,

-228

-23

-63-23-18-10625

-26-40

-175

-28

86

3

14

5613

(*)86

22

II

1,138

174

964

711668

31

913

11475

769

4964510

3

12201

11

369195

-509

-335-31

—174

III"

1,069

167

902

6337110

31

1022

11366

111

5054810

2

13196

21

292125

-409

-242-30

—167

IV P

1,092

77

1,015

705738

32

1017

15785

770

503525

3

13189

32

322245

-335

-258-38

— 77-283 -192 -202

-21 -20 -18

-177; -93 -164-108 -64! -81-33 -351 -35— 8 12 26115

-83-69

487

-28

137

2

—1

13512

135

182

3-11-9-29

-317

128

3

7

133-15

2130

80

1-3211

-83

-629

-30

136

3

2

138-7

136

41

International institutions

1954

75

75

16

45

14

41

4

28

(*)9

3434

-60

-60

-60

1955

Year P

59

59

44

15

42

6

28

8

1717

-60

-60

-60

-163; -23-164 -25

887

-83

1

1

201

10

68

1212

-12189

7-32

2

91

13

-42

11919

100

-34

I

15

15

11

4

4

1

1

1111

-9

-9

-9

99

72

55

4

5100

59

-70

II

15

15

11

4

3

00

1

2

1212

-28

-28

-28

-6-6

-6(*)

-1

2

-45

402

(*)

23

III r

15

15

11

4

30

2

26

(*)2

-15-15

-13

-13

-13

-19-21

-21(*)

2

-3

5

2

-10

— 1

48

IV P

. 14

14

11

3

5

3

(*)

2

99

-10

-10

-10

-7

7

40

2

1

38-1343

-35

Line

2

3

456

7

89

101112

13

141516

17

1819

2021

2223

24

20

2728

29

3031323334353037

383940

41

42

43

44454047

48

19;NOTE.—Net foreign investment equals the balance on goods, services, and unilateral transfers for ''all areas": 1954 year, -

'55 IV, +244. Source: U. S. Department of Commerce, Office of Business Economics.-266; 1955 year, -384; 1955 I, -133; 1955 II, -214; 1955 III, -281;



during the fourth quarter of 1954. The difference is duemainly to changes in liquid dollar assets by Canada from anaccumulation of nearly $50 million in the last quarter of 1954.to a reduction of about $125 million, and in smaller accumu-lations by continental Western European countries. Sincethese countries have generally relatively large reserves, thechanges from last year do not reflect increasing weaknesses

in their international financial position. On the other hand,the substantially smaller loss of dollar assets of the UnitedKingdom, which have changed into small gains during thefirst 2 months of the current year, and the larger accumula-'tions by the Latin American republics, Japan, and other FarEastern countries reflects an improvement in the position ofthose countries whose position last year was relatively weak.

Table 4.—Balance of Payments of the United States with the Sterling Area 1954 Annual and 1955 Annual and by Quarters[Millions of dollars]

Line

1

2

3

4

5f>

789

101112

13

14

1510

171819

2021

2223

2425

26

2829

30

31

3233343536

37

383940

41

42

43

44

45

46

47

48

Item

Exports of goods and services, total-..

Military transfers under grants, net,total.

Other goods and services, total

Merchandise, adjusted, excluding .military.

Transportation _ __ _ _ _TravelMiscellaneous services:

PrivateGovernment, excluding military.

Military transactionsIncome on investments:

Direct investmentsOther privateGovernment

Imports of goods and services, totaL

Merchandise, adjusted, excludingmilitary.

TransportationTravel _ _Miscellaneous services:

PrivateGovernment, excluding military

Military expendituresIncome on investments:

Private

Balance on goods and services:Total _ . _ _Excluding military transfers

Unilateral transfers, net (to foreigncountries ( — )):

TotalExcluding military supplies and

services

Private remittancesGovernment:

Military supplies and servicesOther grants _Pensions and other transfers

United States capital, net (outflow offunds (— )) _ .

Private, net, total

Direct investmentsNew IssuesRedemptionsOther long-term netShort-term, net

Government, net, total

Long-term capital, outflowRepaymentsShort-term, net.. _ _

Foreign capital net (outflow of funds(— )), total

Direct and long-term portfolio in-vestments other than UnitedStates Government securities

Transactions in United States Gov-ernment securities

Short-term liabilities to foreign banksand official institutions

Other short-term liabilities

Gold sales (purchases ( — ))

Foreign capital and gold, total

Errors and omissions and transfers offunds between foreign areas (receiptsby foreign areas (— )) net

Total

1954

nss

nss

2,810

1, 738

22736

2912417

34430

103

2,691

1,522

208135

21923

429

1487

nss119

nss

-309

-95

nss-206

-8

-155

-202

-5314

22— 164

47

-566340

6

140

-17-69

48

50

56

289

1955

Year?

nss

nss

3,273

2,140

23241

2872126

39229

105

3,064

1,800

224156

24322

445

1668

nss209

nss

-372

-89

nss-275

-61

-39

-9614

-2488

-22

-4367

-46

107

94

67-41

-13

00

107

117

I

nss

nss

804

561

567

7066

9161

718

428

4429

605

107

432

nss86

nss

-115

-24

nss-90

30

48

-21

1648

-18

-142

-6

94

20

3310

31

00

94

-95

II

nss

nss

729

475

5811

6651

911111

815

466

6648

625

127

392

nss—86

nss

-113

-21

nss-90

-23

-4

-38

-1448

-19

-103

-12

153

53

32105

-37

(*)

153

69

III'

nss

nss

763

518

5813

655

11

8661

778

452

6452

606

98

442

nss—15

nss

-76

-19

nssr.4

-16

8

-662

-927

-24

-93

-18

-93

13

6-137

25

00-93

200

IV*

nss

nss

977

586

6010

8f58

124

£753

454

5027

616

113

402

nss224

nss

-68

-25

nss-41

-52

—91

-31o

00-17-35

39

-1059

-10

-47

8

-4-19

-32

(«)4<7

-57

United Kingdom and otherEurope

1954

nss

nss

1,392

757

14118

235111

1092595

1,489

515

17fi71

2178

353

1427

nss—97

nss

-214

-56

nss-152

-44

-130

2

1-129

86

-75637

30

132

-16-39

47

50

80

275

1955

Year?

nss

nss

1,672

1,010

14918

22492

1432196

1, 659

626

18381

241

353

1608

nss13

nss

-134

-49

nss-79

40

18

-42

-2888

22

56-34

72

87

66-74

-7

(•)

72

9

I

nss

nss

392

254

364

5531

354

(x)

374

142

368

602

83

412

nss18

nss

-55

-12

nss-42

40

42

— 7

445

-2

(*)-2

82

19

332

32

CO

82

-85

II

nss

nss

350

205

385

502

(x)

3497

437

150

5527

611

103

382

nss—87

nss

-51

-13

nss-36

-1

5

-23

-1947

-6

00-6

130

50

3189

-40

(*)

130

9

III'

nss

nss

393

267

375

4921

284

430

160

5433

60

77

422

nss—37

nss

-15

-12

nssi

-6

10

-3

-1528

-16

1—17

-94

13

6-139

26

(«)

-94

152

IV*

nss

nss

537

284

384

702

(x)

464

89

418

174

3813

fiO

90

39

nss119

nss

-13

-12

nss00

7

-39

<

-32

46

55c

-46

-22

-25

00

-46

-67

Dependencies

1954

384

384

214

237

11(x)(x)

129

"(x)

546

429

1353

(x)4

43

4

—162—162

-20

-20

-19

(*)

3-j

E

8—4

(*)

1

1

6

(*)

-1

-4

(•)

1

178

1955

Year'

414

414

242

218

12(x)(x)

131

(x)

645

518

1761

(x)4

41

4

—231—231

-22

-22

-18

-3-1

11

10

5

41

1

(*)

(*)

-2

(*)-1

-6

00

— 2

244

I

99

99

60

51

3(x)(x)

30

(x)

154

119

318

_

12

1

—55—55

-6

-6

-5

-100

3

2

3

(*)-1

1

(*)1

(*)

"~~2

2

00

58

II

103

103

59

62

3(x)(x)

33

(x)

185

149

517

(x)

12

1

—82—82

-4

-4

-4

(«)(*)

-1

-1

-2

1

(*)

(*)(*)00

1

3

00

0

1

86

III'

93

93

55

53

3(x)(x)

27

(x)

160

131

414

(x)19

1

-67—67

-4

-4

-4

821

21

19

200

00

~(;r«-2

(*)

00-2

(*)

-2

52

IV*

119

119

68

52

3(x)(x)

41

(x)

146

119

512

(x)18

1

-27—27

-8

-8

2-1

-12

-12

-15

21

-1

_

—1

00-1

48

Other countries

1954

nss

nss

1,034

767

6311

451316

10058

656

578

1911

21133

2(x)

nss378

nss

-75

-20

nss-54

— 1

-114

-71

-46-14

13-31

-43

-494

-25

—1-29

00

-25

-164

1955

Year?

nss

nss

1,187

888

6215

511224

11889

760

656

2414

21151

2(x)

nss427

nss

-216

-22

nss-193

-1

-112

-67PQ

-147

-1

-45

-4310

-12

37

2

134

(*)

37

-136

I

nss

nss

313

247

152

1235

2621

190

167

53

(x)2

12

1(x)

nss123

nss

-54

— 7

nss-47(z)

-13

4

-17

5124

-17

-14

-4

12

1

10

1

(*)

12

-68

II III'

nss

nss

276

211

144

1331

2424

193

167

64

13

12

(x)(x)

nss83

nss

-58

-4

nss-54

(*)

-21

-8

-13

500

-13

-103

-6

22

00

115

6

(•)

22

-26

nss

nss

277

196

16

133

10

3121

188

161

65

(x)3

12

(x)

nss89

nss

-57

-3

nss-53-1

-31

-23

-22-6

24

-1

-8

-92

-1

3

(•)

4

-1

3

-4

IV*

nss

nss

321

234

174

1338

3723

189

161

72

13

15

(x)(x)

nss132

nss

-47

-8

nss-39(«)

-47

-40_

-8(')-21-4

-7

-104

-1

1

5

-6

(•)

-38

p Preliminary. r Revised. nss. Not shown separately. x Less than $500,000. Source: U. S. Department of Commerce, Office of Business Economics.


by Murray F. Foss

Business Expectations for 1956—Investment Outlays and Sales

N<IONAGRICULTUKAL business plans to spend $35 bil-lion for new plant and equipment this year. This is $6 billion,or more than one-fifth, over the 1955 total. Businessmen arealso anticipating higher sales than last year but the salesincreases projected are much more moderate. Theseresults are based on newly reported figures collected betweenlate January and early March in the regular annual Officeof Business Economics-Securities and Exchange Commissionsurvey of investment programs. The capital programs alsoindicate that on a seasonally adjusted basis outlays in thesecond half will be above those in the first half.

All industry divisions are expecting to increase theircapital outlays over last year, none by less than 10 percent.The largest advances are planned in manufacturing,especially durable goods, and in railroads, as may be seen inthe table below.

Percent change in plant and equipment outlays, from actual 1955to anticipated 1956

Manufacturing 31Durable goods 41Nondurable goods 22

Mining 19Railroads 42Other transportation 11Public utilities 16Commercial and other 12

Total 22

Most, but not all of the projected percentage increase inoutlays from 1955 to 1956 may be considered equivalent toa corresponding change in the physical volume of productivefacilities installed. These 2 qualifications should be noted:First, capital goods costs have been rising slowly but fairlysteadily over the past year and in January 1956 constructionand equipment costs averaged about 3 percent higher thanthe 1955 average. Second, it appears that in the preparationof 1956 capital budgets a significant proportion of business-men made the assumption that capital goods prices wouldbe higher than they were in early 1956; few firms thought interms of lower prices. This information, which was ob-tained in response to a special question asked in this year'ssurvey, is considered in more detail later in this article.

Quarterly movements

The quarterly figures available from the survey bring outmore clearly than the annual numbers the rapidity of therise in plant and equipment expenditures over the past yearand the scheduled increases this year. Investment in thelast quarter of 1955 is shown by final data to have been at aseasonally adjusted annual rate of $31.4 billion. This ratewas already 10 percent above the 1955 annual total and more

NOTE- MR. FOSS IS A MEMBER OF THE BUSINESS STRUCTURE DIVI-SION, OFFICE OF BUSINESS ECONOMICS.

than 20 percent above the rate in the first quarter of 1955,the low quarter of the preceding downturn. The presentsurvey gives no signs that the large quarter-to-quarteradvances that occurred in 1955 will diminish in the firsthalf of 1956, since current plans call for further increases toseasonally adjusted annual rates of $33.2 billion and $35.3billion, respectively, in the first and second quarters of 1956.

Companies in most of the major industry divisions haveplanned sizable increases in their outlays—after seasonaladjustment—from the closing months of last year to thesecond quarter of this year, though manufacturing firmsaccount for three-fourths of the dollar advance. The com-mercial and nonrail transportation groups expect relativelylittle change over this period aside from the usual seasonalmovements.

Considered together the annual and quarterly statisticsimply a further rise after the second quarter of 1956, thoughthe suggested rate of gain is much slower than that ofearlier quarters. In the past there has been a generaltendency for such implied second half figures to be under-stated, mostly because more distant investment plans arenot so well foreseen by businessmen. This was the case inthe 2 most recent years of anticipated increase, 1953 and1955. In both 1949 and 1954, the only postwar years ofeconomic downturn, actual second half outlays were veryclose to the implicit second half programs.

Current increase among largest experienced

The 22 percent increase in investment that business isscheduling for this year, if realized, wxmld be among thelargest year-to-year changes in the postwar period. From1946 to 1947, plant and equipment expenditures rose 39percent and from 1950 to 1951, 24 percent.1 If a roughcorrection is made for price changes it appears that thecurrently planned advance is about as large as the earlypostwar change and exceeds that of 1950-51, when capitaloutlays were stimulated by the defense mobilization pro-grams. The noteworthy feature of the present programs isthat they come relatively soon after a substantial expansionin productive facilities. Like the 1950-51 increase, thisyear's programs emphasize investment in heavy manufac-turing industry, railroads and mining, although the advanceis by no means confined to these groups. It also resemblesthe pattern of the Korean advance in that the larger increasesover 1955 are planned for expansion rather than for replace-ment outlays.

The 1956 programs represent in large part a continuationof the recovery that started a year ago. That upward move-ment in capital expenditures gained in momentum during1955 as businessmen saw sales, new orders and profits rising

1. The anticipated change for 1947 considerably understated actual investment, this beingthe first year the annual survey was run, while that for 1951 came close to realization.

374754 °—56Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


substantially, and capacity being pushed to the limit inmany industries. These developments, and the improvedliquidity engendered by these developments constitute someof the major factors in the strong current demand for capitalgoods. Other financial considerations are also favorableat the present time. The ratios of dividends and profits

Table 1.—Manufacturers' Sales Expectations, 1956, by Industry *

Expectedpercent

change insales 1955-56

Total,

Durable goods-

Primary iron and steelPrimary nonferrous metals__Electrical machineryMachinery except electricaL

Motor vehicles, parts and accessories.Other transportation equipmentStone, clay and glass productsOther durable goods 2

Nondurable goods_

Food and beveragesTextile-mill productsPaper and allied products.

Chemicals and allied products.Petroleum and coal products.Other nondurable goods 3

56

1013

-4863

467

76

10

1. These anticipations were reported by business between late January and early March.2. Includes fabricated metals, lumber, furniture, instruments, ordnance, and miscellaneous.3. Includes rubber, tobacco, apparel, printing and publishing, and leather.

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

to stock prices are comparatively low and internal fundshave been further augmented by increases in depreciationand amortization allowances.

Sales anticipationsBusinessmen in all major industry divisions expect sales

this .year to be higher than last year. Manufacturing firmsin both durable-aiid nondurable-goods sectors anticipate anadvance of 6 percent while wholesale and retail firms expecttheir sales to be 4 percent above 1955. The utilities antici-pate the largest gains: 7 percent in electric and 12 percentin gas. In each case, the sales expectations for the fullyear are somewhat above current annual rates.

In January of this year manufacturers' sales, after seasonaladjustment, were running from 2 to 3 percent higher thanthose in the average month in 1955. Given the 1956 salesexpectations there is an implicit increase of a few percentbetween the present time and the remainder of 1956. Theimplied rise is somewhat larger in nondurable goods than indurables. In trade the expected increase of 4 percent maybe compared with a January-February 1956 seasonally ad-justed rate of sales that was about 2 percent higher than the1955 average.

With a single exception companies in all the major nianu-facuring industries expect an increase in their revenues thisyear. The largest increases over 1955 appear in the twomachinery industries: nonelectrical machinery expects a 18-percent rise arid electrical machinery a 10-percent gain.

Most of the other durable-goods industries cluster closelyaround the average except for motor vehicles and parts,where a drop of about 4 percent is expected.

Manufacturing Investment Trends

Manufacturing investment dominates the current risewith a planned expenditure of $15 billion this year. The$3.6 billion scheduled increase from 1955 to 1956 accountsfor approximately 60 percent of the expected change in totalnonagricultural capital outlays over this period althoughlast year manufacturing investment made up only two-fifthsof the total. Almost two-thirds of the anticipated rise inmanufacturing expenditures is programed by durable-goods companies.

The sharp increase in manufacturers' outlays that charac-terized most of 1955 is expected to carry into the second halfof 1956, although at a slower rate after the second quarter.In total this group anticipates raising its spending from aseasonally adjusted annual rate of $12% billion in the finalquarter of last year—already 10 percent above the 1955total—to a rate of almost $15% billion by the second quarter.Over the same period outlays of durable-goods producersare expected to increase from a $6 billion to an $8 billionannual rate, while outlays by nondurable-goods industriesare scheduled to increase from an annual rate of $6.5 billionto a rate of almost $7.5 billion.

Increases are ividespread

An important characteristic of the present capital goodsoutlook in manufacturing is that the expansion is broadlybased. Every major manufacturing industry expects toincrease its outlays of capital goods. All size groups, more-over, expect to invest more than they did last year. Firmswith assets over $50 million plan a somewhat larger increasethan manufacturers as a whole. The middle group ofcompanies, with assets from $5 million to $50 million, expectan increase about the same as average, while the companieswith assets under $5 million look forward to a smaller rise.Past experience with these surveys has shown that theprograms of the smallest size firms have systematicallytended to understate actual outlays.

Durable-goods producers* programsAll major industries in durable-goods manufacturing are

planning sizable advances over last year. The most pro-nounced rise—almost 100 percent—appears in nonferrousmetals, where aluminum producers have started a newround of expansion in primary aluminum and finishingcapacity. Currently planned or already underway is anincrease over the next 2 to 3 years of 5*70,000 tons of alu-minum ingot capacity; this addition is one-third as much aswas in place at the beginning of 1956 and is four-fifths asmuch as the total ingot capacity existing just before theoutbreak of the conflict in Korea. The steel industry isexpecting to increase expenditures 50 percent over 1955,having already started a new expansion program that willadd about 15 million tons of new steelmaking capacity overthe next 3 years.

The motor vehicle and parts industry plans to increase itsoutlays over 1955 by more than $0.7 billion to a totalprogram of $1.9 billion in 1956. The transportation equip-ment industry other than motor vehicles is planning arelative increase of almost 75 percent with all of its com-


March 1956 SUEVEY OF CUREENT BUSINESS 11

ponent groups—aircraft, shipbuilding and railroad-car build-ers—sharing in the rise.

In recent years investment by automobile producers hasbeen an important autonomous factor in the capital goodsdemand situation; in 1954 and 1955 investment by thisindustry moved contrary to the general trend in manufac-turing capital outlays. This year, as in 1954, the auto-mobile industry has scheduled substantial increases ininvestment while simultaneously anticipating a reduction

Plant and Equipment Expenditures

The current expansion extends to all major sectors

BILLIONS OF DOLLARS

40

30

20

10

TOTAL

MANUFACTURING 8 MINING

TRANSPORTATION ̂

I I I I I I I

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

* Anticipated DATA-. SEC a QBE

U. S. Department of Commerce, Office of Business Economics 5 6 - 1 5 - 4

in sales. In spite of an expectation of lower sales in 1954automobile manufacturers increased their capital outlayssizably over 1953 and were an important influence in dampen-ing the decline in manufacturing investment from 1953 to1954.

Nondurable-goods industries

In the nondurable goods area, advances in capital expendi-tures of approximately two-fifths over 1955 are scheduledby the paper and chemicals industries; about average in-creases—in the neighborhood of one-fifth—are planned bypetroleum and rubber companies, and lower than averagegains are programed in textiles and food and beverages.The petroleum industry schedules call for an expansion ofmore than $% billion over last year to $3.3 billion, the largestyear-to-year rise since the first year of the Korean mobiliza-

tion.2 The chemical industry has reversed its decline of thepast 2 years and plans to spend $1.4 billion, about as muchas it spent in 1953.

The fulfillment of these manufacturing programs wouldmake durable goods investment this year higher than thatof nondurables for the first time in the postwar period.This may be seen in the chart on page 12, which also showsover a 10-year span the greater volatility of total investmentin durable-goods industries as compared with that in thenondurable-goods sector. In the latter group the growth ofpetroleum investment has acted as an important stabilizinginfluence. The durable-goods manufacturers7 programs in1956 constitute 22 percent of the total nonfarm plant andequipment outlays, somewhat more than the actual ratio in1952, when the defense expansion program was at its peak.On the other hand, the prospective nondurable ratio of 21percent appears lower than in most other postwar years.

Expansion in the forefront

The survey asked businessmen to segregate their totalexpenditures between replacement and modernization on theone hand and expansion on the other. Although the responseto the question was good in terms of coverage, the data shouldstill be used with care because of the difficulty of clearlyseparating the two types of outlays.

In recognition of the dual nature of certain outlays, firmswere instructed to make the classification according to theprimary characteristic of the expenditure. An outlay madeprimarily to add to a firm's facilities was to be considered"expansion" even though part of it might be to replace olderfacilities already owned by the firm. Similarly, an outlaymade primarily to replace existing capital goods was to beconsidered "replacement" even though the new facilitymight have a somewhat higher capacity than the old one.Measuring capacity change is difficult under many circum-stances, such as when the product is not homogeneous andand when product mixes change. In addition, some capitalexpenditures might add to the firm's facilities but have littleor no effect on its major output, e. g., a new office building.

Manufacturing firms expect to increase both types ofspending during the coming year but outlays for expansionare expected to rise from 45 percent of the total in 1955 to50 percent of the considerably higher figure programed for1956. (See table 2.) This represents a continuation of thetrend toward expansion that began last year. In 1954 theratio of expansion to total expenditures was comparativelylow, having decreased steadily since the Korean mobilizationprogram reached its peak in 1951-52.

Firms in both durable- and nondurable-goods industriesare planning greater increases in expansion than in replace-ment outlays but the change in the proportions is more pro-nounced in the durable-goods industries, with all the majorhard-goods industries except the "all other" group followingthe general pattern. Companies in the nonferrous metals,motor vehicles, electrical machinery and the stone, clay andglass industries indicate the most marked relative increasesin the proportion for expansion. Despite these substantialincreases for new capacity, however, the programs in almostall the major durable-goods lines call for increases in replace-ment expenditures as well.

All the major nondurable industries also anticipate largerpercentage increases in expansion than in replacement out-lays with the exception of the petroleum industry, where

2. Capital expenditures in the plant and equipment survey are classified on a companyrather than on a plant or establishment basis. Where a firm is engaged in more than oneindustry, it is classified in that industry accounting for the greater part of its activity. Theintegrated petroleum refiners, classified here in petroleum manufacturing, also make verylarge outlays for production, marketing and transportation facilities.


12 SUEVEY OF CURKENT BUSINESS March 1956

virtually all the 1955-56 increase appears to be in replace-ment spending. The dollar amount of replacement expendi-tures is also expected to increase in all nondurable-goodsindustries except rubber and textiles.

Nonmanufacturing Investment

Nonmanufacturing investment has been more stable thanmanufacturing investment in the postwar period and in thepast 2 years increased in importance. This year, advancesover 1955 are widespread but relatively less than themanufacturing rise. Investment by the public utilities,communication and commercial groups has been strongly

Manufacturers' Plant andEquipment Expenditures

BILLIONS OF DOLLARS16 — —

irable - goods industries


Table 2.—Percent of Total Plant and Equipment Expendituresfor Replacement and Modernization and for Expansion, byManufacturing Industry, 1955-56

8 —

4 —

1946 47 48 49 50 51 52 53 54 55 56*

* Anticipated DATA: SEC a QBE

U. S. Department of Commerce, Office of Business Economics 5 6 - 1 5 - 5

influenced by growth factors in the economy and by thecontinuing movement to the suburbs. Capital improvementsby the railroads have been much more affected by cyclicalconsiderations.

Railroads program higher spending

The railroads, whose investment declined considerably inthe 1954 downturn, are planning a very sizable increase in1956. The scheduled $1.3 billion outlay compares withactual spending of $0.9 billion last year. The quarterlyfigures indicate that the rise which began in the fourth quarterof 1954 is expected to continue into the second half of 1956;the seasonally adjusted rate for the second quarter is almostdouble the low point of six quarters earlier.

All manufacturing

Durable-goods industries _. ._ ._

Primary iron and steelPrimary nonferrous metalsElectrical machineryMachinery except electrical

Transportation equipment in-cluding motor vehicles

Stone, clav and glass products--.Other durable goods 2


Food and beveragesTextile-mill productsPaper and allied products

Chemicals and allied products. _ -Petroleum and coal productsRubber productsOther nondurable goods 3

Replace-ment andmoderni-

zation

55

53

53485968

474154

56

687149

36595462

1955

Expan-sion

45

47

47524132

535946

44

322951

64414638

Total

100

100

100100100100

100100100

100

100100100

100100100100

Replace-ment andmoderni-

zation

50

45

51315164

342856

54

615942

31644557

19561

Expan-sion

50

55

49694936

66

44

46

394158

69365543

Total

100

100

100100100100

100100100

100

100100100

100100100100

1. Anticipated.2. Includes fabricated metals, lumber, furniture, instruments, ordnance and miscellaneous

manufactures.3. Includes tobacco, apparel, printing and publishing, and leather.


The currently planned advance centers largely in newequipment purchases, particularly of new freight cars. Pur-chases of the latter had fallen very sharply in 1954 andalthough 1955 witnessed a one-fourth increase in new car in-stallations an even greater number of retirements broughtabout a second year of decline in aggregate freight car ca-pacity. The very large increases in new car orders in thesecond half of last year raised unfilled orders to approxi-mately 130,000 cars, the highest December backlog out-standing in the postwar period, and in January of this yearcar installations were the highest in 2 years. Further in-creases in locomotive installations are also in prospect, withorder backlogs this January three-fourths higher than thosein January of 1954 and 1955.

Public utilities

Another large increase in expenditures by gas utilities anda reversal of the 2-year decline in electric utility outlays arethe main features in the 1956 programs of public utilities.Spending for the 2 groups combined is scheduled at a record$5 billion this year.

Investment by the electric companies declined about 3 per-cent last year, bringing the total drop since 1953 to ap-proximately 8 percent. On a quarterly basis the decreasewas much sharper—16 percent, after seasonal adjustment,from the third quarter of 1953 to the final quarter of last-year. Three-fifths of this decline is expected to be made upby the second quarter of this year and further increases havebeen scheduled in the second half.

The gas utilities, whose capital expenditures have fluc-tuated markedly in recent years as a result of gas pipelineconstruction, plan another sizable increase in expendituresin 1956, after a one-fifth advance from 1954 to 1955. On aseasonally adjusted basis, however, it appears that thegreater part of the expenditure will occur in the first halfof this year, with a sizable drop implied in the second half.


March 1956 SURVEY OF CURRENT BUSINESS 13

Other nonmanufacturing

Mining companies expect a 19 percent rise in capital ex-penditures this year, bringing their outlays to a record total.Petroleum and gas companies account for the greater partof the dollar rise although the relative increase here is lessthan average for mining. Nonferrous metals, iron ore, andcoal all show larger-than-average gains.

In nonrail transportation all the major sectors expect toincrease their spending over 1955. The airlines anticipatean increase of about one-fifth and are chiefly responsible forthe rise scheduled between the first and second halves of thisyear.

The commercial and other group expects the smallestchange this year of any of the major industry divisions, re-flecting in part the fact that it has been undergoing a steadyadvance since 1952, a period in which every other majorgroup has had at least 1 year of decline. Last year in par-ticular investment in this area rose markedly—15 percentover 1954—and was a major source of strength in investmentdemand. Further small increases are being scheduled inthis group from the fourth quarter to the first half of 1956but the data for the full year 1956 imply some decline in thissector in the second half of 1956.

The realization of 1955 investment programs

The plant and equipment survey conducted a year agocorrectly indicated a rise in total outlays over 1954, thatthe year-and-a-half downturn in investment would reach itslow point in the first quarter of 1955, and that there wouldbe a sharp upturn from the first to the second quarter of1955. The survey understated the extent of the advance,

however, reporting an anticipated increase of 1 percent forthe full year over 1954 whereas actual aggregate outlaysrose by 7 percent. The quarterly surveys indicated succes-sive upward revisions in spending programs in the third andfourth quarters of 1955.

In most of the major industry divisions spending washigher than expected and in some cases the direction ofyear-to-year change was missed; manufacturing as a wholeexperienced a small increase over 1954 instead of the small!decline that was first expected, and investment in both trans-portation groups rose instead of declining. Railroad invest-ment shows the largest discrepancy—actual outlays rose 8percent as compared with an expected drop of 11 percent.Public utilities was the only major group that spent lessthan anticipated and here the deviation was quite small.The commercial group rose 15 percent instead of the sched-uled 7 percent. In dollar terms the understatement in thisgroup plus that in manufacturing equal almost the entiredifference in the grand total.

Within manufacturing, the major industries spent morethan anticipated almost without exception. Discrepancieswere greatest in durable goods, where expenditures rose 7percent instead of declining 4 percent; in nondurables, out-lays rose 1 percent in comparison with an expected declineof 2 percent. Nonferrous metals and chemicals were theonly industries that spent less than planned.

By size group it appears that the largest firms did best intheir anticipations, estimating very closely what they actu-ally spent for the year. This has also been true of mostother years. There were, however, offsets within this large-size firms' total—the durable-goods firms spent somewhatmore than planned while the nondurable-goods groups spenta little less. The medium- and small-size firms also exceededplans—again more in durables than in soft goods, and morein the smallest size group than in the middle group. To

Fixed Investment Programs for 1956show a broad and pronounced industrial expansion

BILLIONS OF DOLLARS4-

BILLIONS OF DOLLARS-4

PRIMARY METALS

3-

^

—

nni1950 52 54

MACHINERY(INCL. ELECTRICAL)

™

r- —

i—n

56 1950 52

* Anticipated


TRANSPORTATIONEQUIPMENT

CHEMICALS PETROLEUM

(INCL. MOTOR VEHICLES)

P

Q— -,

r-r

n ~~

1—

^^

^

r-T

I

—

'

"!~» Îv/fr

fS//

-3

-2

A>

1950 52 54 56* 1950 52 54 56* 1950 52 54 56*

DATA: SEC 8 OBE

56 -15-6



Table 3.—Expenditures on New Plant and Equipment by U. S. Business,1 1953-56

[Millions of dollars]

Manufacturing _ . _ _

Durable-goods industries _ _

Primary iron and steel - -Primary nonferrous metalsElectrical machinery and equipmentMachinery except electrical

Motor vehicles and equipmentTransportation equipment excluding

motor vehiclesStone, clay and glass products _ _ __Other durable goods 3


Food and beverages _ _ _ _Textile-mill productsPaper and allied products _ _ _Chemicals and allied products

Petroleum and coal productsRubber products _ . .Other nondurable goods 4

Mining . .. .. _ -

Railroads _ _ - _

Transportation other than rail

Public utilities

Communications

Commercial and other &

Total

Manufacturing

DurableNondurable

Mining

Railroads

Transportation other than rail

Public utilities

Commercial and other 5

Total

1953

11,908

5,648

1,210412475797

989

180346

1,239

6,260

812378409

1,428

2, 668161404

986

1,311

1,565

4,552

1,690

6,310

28, 322

1954

11,038

5,091

754246439694

1,295

191361

1,110

5,948

765331455

1,130

2, 684131451

975

854

1,512

4,219

1,717

6,513

26, 827

1955

11,439

5,436

863214436809

1,128

274498

1,214

6,003

718366518

1,016

2,798150437

957

923

1,602

4,309

1,983

7,488

28, 701

1956 2

15,036

7,685

1,327418579

1,016

1,863

477685

1,320

7,351

813389712

1,426

3,322176513

1,141

1,307

1,784

4,989

ilO, 636

34,893

1954

January-March

2,569

1,201

1906995

160

282

3978

288

1,368

19781

104309

53032

115

219

250

384

929

1,916

6,266

April-June

2,859

1,309

20069

110171

356

4688

269

1,550

20488

117292

69635

118

261

245

375

1,121

2,071

6,932

July-Septem-

ber

2,645

1,207

16953

102165

337

4680

255

1,438

18475

111252

68229

104

251

179

374

1,060

2,133

6,640

October-Decem-

ber

2,965

1,373

19555

132198

319

60115298

1,592

18086

124277

77635

114

244

180

379

1,109

2,110

6,988

1955

January-March

2,249

1,063

1544189

158

224

4888

260

1,186

1707792

231

4903096

186

179

359

845

2,030

5,847

April-June

2,795

1,278

21145

102188

256

65106306

1,517

19692

120230

73036

113

235

217

420

1,052

2,290

7,009

July-Septem-

ber

2,899

1,378

21458

108206

295

72121304

1,521

17183

142239

74139

106

248

215

401

1,174

2,512

7,449

October-Decem-

ber

3,499

1,718

28371

138257

354

88183344

1,781

182115164317

83645

122

288

312

421

1,238

2,640

8,398

1956

January-March 2

3,340

1,686

27680

120254

366

100159331

1,654

178106169310

72444

123

293

311

410

1,101

2,601

8,056

April-June 2

3,808

1,954

32094

137258

466

122196361

1,854

204105182340

86546

112

310

334

434

1,358

2,756

9,000

Seasonally Adjusted at Annual Rates

[Billions of dollars]

11.62

5.406.22

.94

1.04

1.57

4.33

7.97

27.46

11.09

5.185.90

1.04

.91

1.44

4.37

8.07

26.92

10.98

5.065.93

1.00

.80

1.51

4.12

8.42

26.84

10.58

4.805.79

.91

.68

1.53

4.01

8.46

26.18

10.17

4.785.39

.80

.74

1.46

4.01

8.46

25.65

10.84

5.065.78

.94

.80

1.62

4.09

8.90

27.19

11.97

5.776.20

.99

.96

1.60

4.43

9.70

29.65

12.48

6.006.48

1.08

1.17

1.70

4.48

10.54

31.45

13.66

6.816.85

1.14

1.18

1.71

4.84

10.68

33.21

15.40

8.057.35

1.24

1.30

1.67

5.01

10.70

35.32

1. Data exclude expenditures of agricultural business and outlays charged to current account.2. Estimates based on anticipated capital expenditures as reported by business from late

January to early March 1956. The seasonally adjusted data include in addition to a seasonalcorrection, an adjustment when necessary, for systematic tendencies in anticipatory data.

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

4. Includes apparel and related products, tobacco, leather and leather products, and printingand publishing.

5. Annual figures for 1953-55 include trade, service, finance, and construction. Anticipatedannual data for 1956 and all quarterly data also include communications.


some extent the understatement by the smallest firms is arecurrent phenomenon although last year the understate-ment was larger than usual, perhaps reflecting the relativelygreater sensitivity of the investment programs of these firmsto cyclical changes.

Reasons for deviationsA minor part of last year's discrepancy of 6 percent

between anticipated and actual spending may be attributableto a difference in price levels between the time the estimateswere prepared and the average for the full year 1955. Com-bined plant and equipment costs were about \% percenthigher for the full year 1955 than in early 1955. Anotherpart of the difference, as already suggested, is found in the

tendency of smaller firms to underestimate future outlays.3

A more important reason, however, is suggested by lastyear's sales trend, particularly in relation to the sales move-ment that businessmen had in mind early last year. A yearago manufacturing firms expected their sales to rise only 4percent over 1954, reflecting, no doubt, the uncertaintyprevalent in the early stage of a recovery. Instead, manu-facturing sales rose 13 percent, with the result that, as sug-gested earlier, profits were higher than initially expected andin many industries existing capacity proved to be inadequate.

3. The Office of Business Economics and Securities and Exchange Commission are planninga study on reasons for differences between actual and anticipated 1955 expenditures laterthis year.

(Continued on p. 20)


by J. E. Smith

Developments inOverseas Transportation

iNTERNATIONAL transportation transactions constituteone of the major items in the balance of international pay-ments of the United States. Throughout the postwar pe-riod—in contrast to the prewar years—United States earn-ings of foreign exchange from transportation services haveexceeded payments to foreign countries. In 1955 UnitedStates payments to foreign countries amounted to nearly$1.18 billion and receipts from foreign countries exceeded$1.3 billion.

Since internationally traded commodities are valued attheir point of export, freights earned by United States ship-ping concerns on goods imported by the United States andearnings of foreign concerns from the carriage of UnitedStates exports are not considered to be international trans-actions and are therefore excluded from these data. In 1954United States shipping firms received $348 million from thecarriage of imports and foreign firms received $591 millionfrom carriage of exports; incomplete data indicate that suchearnings increased substantially in 1955. For other itemsconsidered as international transactions, see note at theend of this article.

High shipping activity raises U. S. earningsBoth international receipts and payments were higher in

1955 than in either of the previous 2 years. Payments roseto a record amount. Although the advance in receipts from1954 to 1955 was somewhat greater than the rise in payments,total receipts last year were still below the years 1951 and1952 and also below the later war and early postwar years.

The excess of receipts over payments of $175 million wasabout 13 percent greater than in 1954 and a third larger thanin 1953, but much smaller than in the late war and earlypostwar years. The reduction from these latter years re-flects the downward trend in the participation of UnitedStates shipping concerns in the carriage of United Statesforeign trade. This movement parallels the experience afterthe first world war and represents the return from the war-created emergency during which the United States carriedtwo-thirds or more of the trade. In recent years about one-third or less was carried by United States ship operators—about the same share as during most of the interwar yearsand for a long period of time prior to the first world war.

The sharp acceleration beginning late in 1954 in the valueof commercial exports provided the opportunity for UnitedStates liner companies to halt the downward trend in theparticipation ratio. In 1955 total liner export cargoes roseb.y about 9 percent over 1954 and United States participa-tion in that trade rose slightly above the 40 percent carriedin the previous year. (This percentage differs from publishedCensus Bureau data for liner exports since it includes out-bound intransit cargo and an adjustment for United Stateschartered and operated foreign-flag ships.) Although thevolume of cargo available had also increased from 1953 to

NOTE: MR. SMITH IS A MEMBER OF THE BALANCE OF PAYMENTSDIVISION, OFFICE OF BUSINESS ECONOMICS.

1954, the rate of United States participation had continuedto decline. General freight rate increases introduced at thebeginning of the second quarter of 1955, equivalent to about5 percent over the 1954 levels, also contributed to the rise ofliner companies earnings on outbound cargo to about $337million from $312 million in 1954.

Sharp rise in bulk-cargo freight rates

Earnings of United States tramp vessel carriers, mainlyon exports of coal, grain, and scrap steel, amounted to $68million in 1955, more than three times 1954 earnings. WithBritish coal production about the same as in 1954 and sup-plies from Poland reduced, the United Kingdom and otherWestern European countries increased their imports of coalfrom the United States from about 10 million tons in 1954to about 27 million in 1955 in order to meet the needs of theirrapidly increasing industrial activity. In addition, coalexports to other areas continued to rise. Although UnitedStates operators more than tripled their carriage of coal,their participation at about 2.1 million tons to all areas wasonly about 7 percent of the total carried by both foreign andUnited States tramp vessel operators.

Higher exports of grains, in part stimulated by variousGovernment programs, raised grain cargoes taken by trampships from about 4.3 million tons in 1954 to about 8.6 millionin 1955. United States participation in this trade was about18 percent, a smaller ratio than in 1954, with total carriagerising from 1 million to about 1.5 million tons.

The steadily rising demand for tramp ships to move coal andgrain, reinforced by greater movements of other bulk drycargoes as a result of improved economic conditions here andabroad, lifted tramp ship charter rates to the highest levelssince early 1952. By the end of 1955, United States vesselsearned about $10 a ton for the carriage of coal from UnitedStates North Atlantic ports to the principal European At-lantic ports as against about $5 per ton during the thirdquarter of 1954. In the same period, grain rates increasedfrom about $7 per ton to $10 per ton with rates during thefirst and second quarters of 1955 substantially higher.

Other United States freight earnings taken into the balanceof payments in 1955 include $100 million from the carriageof cargoes, mostly petroleum, from foreign country to foreigncountry. Foreign tanker companies continued to carry thebulk of relatively small petroleum exports from the UnitedStates and United States tanker earnings from this tradeamounted to only $13 million.

Foreign shipping earnings at peak

The preliminary estimate of $461 million for foreignoperators7 earnings on imports into the United States in1955 is the highest ever recorded. It also marks the resump-tion, after a decline in 1954, of the upward trend in suchearnings since the end of World War II. Imports rose sharply

15


16 SURVEY OF CUEEENT BUSINESS March 1956

after the upturn of economic activity in the fall of 1954.Total dry cargo ocean borne imports rose to 54.3 milliontons in 1955, an increase of 17 percent over 1954. Newrequirements of the hardgoods industries resulted in higherimports of metals, minerals, and ores especially. Eapidtechnological advances in metallurgy requiring greateramounts of alloying metals and ores enhanced this inwardmovement.

Foreign operators continued to enlarge the proportion oftheir carriage of dry-cargo imports, taking over two-thirdsof the total in 1955. This represented over half of importsby liner vessels and nearly three-quarters by tramp vessels.In addition to increased carriage, foreign operators' earningson imports were improved by increases in freight rates inboth categories. Twelve out of the 56 liner conferencesraised general freight rates by about 10 percent in 1955.

Transportation in International TransactionsPrewar and 1953-55

MILLIONS OF DOLLARS

1,200— —

PASSENGER FARES_

CHARTER HIRE"

800 —

PORT EXPENDI-TURES

400 —

RECEIPTS

PAYMENTS

HIM

1938 1953 1954 1955*

* Preliminary

U. S. Department of Commerce, Office of Business Economics 56 -

To the extent that the liner companies compete with trampvessels for certain bulk cargoes, freight rate increases inthe tramp charter market also affected liner companies'earnings. Because of the heavy demand for ships to haul coaland grain exports from the United State?, the heavy importsinto the United States and the generally high ship activitythroughout the rest of the world, average freight rates forimports in tramp vessels moved up in 1955 by approximately10 percent over 1954. Coupled with an increase of about 12percent in tramp tonnage carried, foreign-tramp operators7

income rose from $118 million in 1954 to $140 million in 1955.Foreign tanker vessel operators, including the large tanker

subsidiaries of United States petroleum companies, earned

$121 million on imports into the United States in 1955, a50-percent increase from the previous year. As with drycargo, the percentage of tanker cargo carried by foreigncompanies has been steadily increasing owing to their rela-tively low cost of operation as compared with United States-flag ships. Large tonnages have been built in recent Aêarsboth by United States companies for their foreign shippingsubsidiaries and by foreign companies. Sizeable tonnageshave also been transferred or sold to foreign subsidiaries byUnited States companies in order to lower costs. In 1955,total tanker imports reached a record 64.7 million tons, 15percent above 1954 and three times the amount importedin 1946. Foreign operators for the first time took more than50 percent of the total cargo available. Average earnings perton were maintained at about the 1954 level during most of1955. But a very high demand for ships for imports intoEurope during the last 2 months coupled with the highseasonal volume of imports into the United States pushedrates to the levels reached in early 1952 when the Koreanhostilities were a major factor influencing tanker rates.

Costs in U. S. offset foreign earnings

Foreign vessel operators spent $540 million in the UnitedStates in 1955, the largest amount thus far recorded. Theadvance reflected the substantial increase in both export andimport cargoes handled as well as some increases in passengerliner costs and shore overhead. Port expenditures by trampvessel were $118 million, over 50 percent greater than in1954 as cargo handled climbed from 42.1 million to 69.5million tons. Liner cargo vessels' expenditures rose to $300million with an increase of over 6 percent in cargo carried.Passenger liner and tanker costs in the United States at$122 million were 7 percent over 1954.

United States vessel operators' expenditures abroad of$158 million were 12 percent above 1954 as dry-cargoexports and imports handled were up by more than 21 per-cent. The relatively smaller rise in port expenditures reflectsthe fuller utilization of the ships per voyage.

Air transportation volume gains

International air transportation continued to gain in 1955.Receipts and payments were approximately in balance.United States carriers' fare receipts from residents of foreigncountries for carriage from and to the United States andbetween foreign countries amounted to $91 million, anincrease of 4 percent from 1954. Foreign carriers earningsfrom United States residents of $69 million were up 12percent from 1954. United States air export freight at $31million was up 25 percent from 1954 while foreign carriersearned about $6 million from import freight, up 20 percentfrom 1954. Expenditures abroad by United States carriersrose to nearly $100 million, an increase of about 9 percentwhile foreign carriers' expenditures in the United Statesremained at the 1954 level of $41 million.

Other transportation items, such as pipeline freight fromthe carriage of Canadian petroleum and freight car exchangesbetween the United States and Canada and Mexico, showedincreases in 1955. On the whole, the small United Statesbalance on international transportation items other thanocean shipping in 1954 declined in 1955, principally becauseof the increase in United States air carriers expendituresabroad and an increase in United States residents farepayments to foreign airlines.



Change in Payments Balance From Prewar

The continuing excess of receipts over payments in theUnited States transportation account since the close of WorldWar II contrasts with the interwar years when, with theexception of 1919-21, transportation transactions were animportant source of net dollar income for foreign countries.Estimates for earlier periods indicate that this was alsogenerally the case during the first world war and backthrough the last quarter of the 19th century. The continua-tion of the excess of United States receipts, even after theeffects of the war have largely been overcome and the divisionof the carriage of United States waterborne trade betweenUnited States and foreign operators has almost returned tothe prewar proportion, invites an analysis of the factorsresponsible for the change and consideration of whether itis likely to be temporary or lasting.

Table 1 compares the ocean shipping account of 1938 1

with that of 1954. In this period there was a change from anet payments balance of $18 million to a net receipts balanceof $138 million even though the rates of participation ofUnited States and foreign vessels in United States tradewere roughly similar in both years. The participation ratesare shown in table 2.

If United States vessels had carried in 1954 the 1938 pro-portions of dry-cargo exports and imports rather than theproportions actually carried, the receipts balance of 1954would have been about $126 million. The difference be-tween the 2 years in factors other than dry-cargo participa-tion rates therefore accounts for about $144 million out of thetotal shift of $156 million in the net balance. The differencesin participation rates on tanker exports and imports had anegligible effect on the change in the balance.

U. S. earnings per ton rise more than foreignAmong the principal factors accounting for the emergence

and maintenance of United States net receipts on oceanshipping were changes in freight rates and in the compositionof United States trade resulting in an increase in UnitedStates operators earnings per ton of dry-cargo exports whileforeign operators earnings per ton of imports remainedabout the same.

The increase in export earnings per ton was about 150percent or from $12 in 1938 to $29 in 1954.2 The rise waseven greater, to $33 per ton, in the liner category in which4 million of the 6.4 million ton increase in United Statescarriage between the 2 years occurred. The table belowindicates the extent of some of the changes in freight ratesquoted by export liner conferences which led to the increasedreceipts of United States operators.

Export Freight Rates from New York, 1954 as percentage of 1938

CapetownManilaMelbourneLiverpool, LondonAmsterdam, Rotterdam.MarseillesIlio de JaneiroBuenos Aires

Iron andGeneral steel (close

cargo Machinery stowage) Autos225 236 367 222244 273 427178 182 210200 188 217200 210 275182 161 244286 263 300300 263 300

Source: Adapted from rate tables published in Export Trade and Shipper.

274219247389200250250

In addition to freight rate increases, a shift to greaterexports of finished manufactures and semimanufacturedproducts also helped to increase earnings per ton of United

1. This prewar year was chosen because of availability of detailed data. Data for otherprewar years support the conclusions drawn.

2. The available data indicate that freight rates in 1938 had already risen over the lowerlevels prevailing in 1936 and 1937.

374754 °—56 3

States operators. These categories comprised about 72percent of total exports in 1938 and 79 percent in 1954 withmachinery and automobiles, among the products takingcomparatively high freight rates, registering some of theprincipal gains.

Table 1.—International Transportation, 1938, 1947, 1953-55 l


Receipts:

Ocean shipping. _ .__ _ ...

Export freight earningsCoalGrain_. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Other dry cargoTanker _

Military-controlled export freight earn-ings 3_

Freight earnings on shipments betweenforeign countries

Passenger faresPort expenditures- _Charter hire

Other transportation

Total receipts

Payments:

Ocean shipping

Import freight paymentsDry cargo. _ ._ _ _Tanker

Passenger fares _ _ __Port expendituresCharter hire

Other transportation

Total payments

Balance: Ocean shippingTransportation account

1938

254

66nanana17

410

157

13

267

272

140130

108349

30

302

-18-35

1947

1,597

96125767

60829

197

10039

28119

145

1,742

456

141133

847

23137

127

583

1,1411,159

1953

971

3509

21302

18

17

10321

46515

239

1,210

864

423311112134142165

216

1,080

107130

1954

943

3436

21304

12

4

9824

4695

238

1,181

805

36928881

130141165

221

1,026

138155

19552

1,090

4183248

32513

1

10027

5404

261

1,351

931

461340121146158166

245

1,176

159175

na Not available.

1. For data relating to other postwar years see "Transportation in the Balance of Pay-ments," SURVEY OF CURRENT BUSINESS, September 1953. The data shown in this tablewill be included in the revised balance of payments compilations which will be published inJune 1956.

2. Preliminary.3. Military end-items included 1947; economic aid only 1953-55.


In contrast to the sharply increased earnings of UnitedStates operators per ton of export cargo, foreign operatorsearnings per ton of import cargo were virtually at the samelevel in 1954 as in 1938 at about $9.50 per ton. Of thetotal of 30 million tons imported on foreign ships in 1954,22 million consisted of imports on tramp vessels at earningsaveraging $5.20 per ton. On 7.6 million tons of liner imports,earnings averaged $22.25 per ton, an increase of about 50percent over 1938. Thus, while United States exportersenjoyed a fivefold increase from 1938 in dry cargo exportearnings as their carriage of exports doubled, foreign opera-tors earnings on dry cargo imports in 1954, as a result of amuch higher proportion of tramp carriage, were only some-what more than twice those of 1938 on twice the amountof cargo carried.

Higher bulk imports limit foreign earningsThe relative stability of per-ton earnings on imports

resulted from changes in the composition of imports whichlargely offset advances from 1938 to 1954 in quoted rates—which for general cargo imports appear to have exceeded100 percent on the average. While imports of such linercargoes as autos and parts, sewing machines, toys, photo-graphic goods, cutlery, and furniture, have risen stronglyfrom the prewar years, the volume of imports of food,beverages, tobacco, and coffee has not kept pace. Such


18 SURVEY OF CURRENT BUSINESS March 195(

products as tin, rubber, cotton, silk, burlap, hides, finishedtextiles, leather, fats and oils, and others have increasedbut slowly or have actually decreased either because ofgreater United States self-sufficiency in the products,economies in processing, or by displacement by syntheticsor plastics.

The relative decline in imports of these more traditionaltypes of liner cargoes has been offset by greater amounts ofimports for the durable goods industries, chiefly the metals,metallic ores, and bulk minerals. In 1954, about a fourthof total foreign liner imports consisted of these products,moved in liner vessel parcel lots at low freight rates moreor less competitive with tramp vessel rates. Because of theincreased emphasis on these low-rate cargoes during post-war years, foreign liners' earnings per ton were limited to a50 percent increase over 1938 despite the much larger risein import rates on general cargo.

Foreign tramp operators7 earnings reflect the steep rise inimports of metals and metallic ores in recent years. Out ofa total of 22.3 million tons of imports carried by foreignoperators in 1954, about 16.5 million tons consisted of ironore, bauxite, manganese, chrome, copper, lead, zinc, and tinores. Average payments to foreign operators for all trampimports at about $5.20 per ton were about twice the 1938average. That the increase was not greater was due princi-pally to the relatively plentiful supply of tramp tonnagesince the end of the Korean hostilities. Another factor whichtended to hold payments down was the policy followed bydomestic processors of such materials of using their ownfleets or vessels time-chartered for long periods when ratesare low and thus avoiding the high rates for short-termcharters when shipping space is in relatively large demand.Nevertheless, earnings of foreign tramp operators fromUnited States imports were $118 million in 1954 as against$20 million in 1938.

With the high-rate liner traffic accounting for only 25percent of the foreign-line import trade in 1954 as against36 percent in 1938, the overall freight cost per ton scarcelychanged over the period.

Changes in port costs favor U. S.

Greater increases in costs of foreign operators in UnitedStates ports than in those of United States operators inforeign ports have also helped to turn the prewar net pay-ments balance on ocean shipping to a net receipts balance.Increases in stevedoring costs in the loading and unloading ofgeneral cargo were the principal factors in the rise of foreignoperators average costs per liner cargo ton in the UnitedStates from about $4-$6 in 1938 to $12.50 in 1954. Increasesin the costs of fueling, provisioning, and handling the largenumber of foreign passenger liners tended to augment thisincrease. Overall port expenditures per ton for foreign op-erators, including tramps and tankers, averaged $2.40 perton in 1938 and $4.20 in 1954, an increase of 75 percent.

United States operators purchase nearly all their fuel,subsistence, supplies, equipment, and repairs in the UnitedStates, and hence experienced similar cost advances but, asdomestic purchases, these do not represent internationaltransactions. The rise in United States liner operators costsabroad was confined mostly to stevedoring. Average costsabroad rose from about $3 per ton in 1938 to about $6.25in 1954. By volume, the largest increases in United Statesvessel operators activity between the 2 years has been in thecarriage of tramp and tanker imports. Since loading costson such cargoes are very small, their increased proportion ofthe total has held down the overall average cost per ton forUnited States operators. The data show an increase fromabout $2 per ton in 1938 to about $2.25 in 1954.

The changed relationship between earnings and porexpenditures has accounted for the shift from a net payment:balance to a net receipts balance. Where foreign operatorsport expenditures in United States ports in 1938 were th<equivalent of about 92 percent of their import earnings, thiihad changed by 1954 to about 108 percent of import earnings. On the other hand, United States operators' expend-itures abroad declined from 49 percent of export earning!in 1938 to about 37 percent in 1954.

There appears to be little reason to expect the balance oJpayments on transportation account to change from an excess

U. S. and Foreign Merchant FleetsForeign fleets have regained their prewar share

in United States trade . . .

200

100

80

6050

40

20

10

U.S. DRY CARGO TRADE

U. 5. VESSELCARRIAGE

FOREIGN VESSELCARRIAGE

i 1 i I I

1938 4647 48 49 50 51 52 53 54 55 56

Y E A R L Y T O T A L S

as they have grown in size relative to the

United States fleet

200

100

80

6050

40

30

20

U.S. AND FOREIGN DRY CARGO FLEETS

IN WORLD TRADE

FOREIGN

UNITED STATES

A

1 ! 1 ! 1 1 I 1 I 1 1 1 I I 1 1 1

CD o>S §cT <•

46 47 48 49 50 51 52 53 54 55 56

h Dec. 31 >|

BASIC DATA: BUREAU OF CENSUS 8U.S. M A R I T I M E ADMINISTRATION

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



of United States receipts to an excess of payments in thenear future with the prevailing levels of freight rates and portexpenditures, unless it is assumed that the United Statesshare of the trade, including the foreign-to-foreign trade,were to be reduced sharply below the current level. In1954, for instance, United States participation in the carriageof United States trade and earnings from the carriage ofgoods between foreign countries would have had to be re-duced by as much as one-half in order to equalize receiptsand payments in the transportation account. (This calcula-tion takes account of the concomitant changes in portexpenditure receipts and payments.)

Supports for U. S. Merchant Fleet

The reason that the share of United States oceanbornetrade carried by United States ships now amounts to onlyone-fifth of dry-cargo exports and one-third of imports hasbeen the competitive advantage enjoyed by foreign com-

f anies in the lower cost of building and operating ships,n order to place United States operators on a par with their

foreign competitors and thus ensure that the United Statesshall have a merchant marine sufficient to maintain the flowof its essential trade at all times and also to act as a navaland military auxiliary in wartime, the Merchant Marine Actof 1936 provides for the payment of construction-differentialsubsidies and operating-differential subsidies to Americanpoerators.

Decline of U. S. liner share limited

These subsidies, paid to operators on essential trade routesin regular liner service, have been instrumental in main-taining and expanding the United States-flag fleet engagedin such services. In the 1937-55 period, a total of 247 ves-sels were built under the construction subsidy provisions of the1936 Act and on December 31, 1955, there were 474 vesselsin liner service, including 35 in liner-industrial service. Inaddition, there were a number of foreign-flag vessels operatedunder charter by United States firms. This compares witha total of approximately 270 vessels in service on June 30,1938.

The freight rate conferences in which most United Statesand foreign liner operators are organized have also helpedto maintain the United States fleet against the increasingcompetition of lower-cost foreign fleets. Although theseconferences set the freight rates, competition continues fromnonconference operators and through the introduction ofnewer and faster ships and the provision of service on newroutes and more frequent sailings by the conference operators.In this competition foreign countries have some advantagesince—as the chart indicates—a large part of the foreignfleets was build after the war, while much of the UnitedStates fleet was constructed during the war, when the com-petitive ability of the ships was not the major consideration.Since rate-cutting is precluded for conference members,United States operators have been enabled to compete withforeign operators despite their lower costs of operation.

Another support for United States liner companies residesin the provisions of Public Law 664 which requires that 50percent of all Government-financed cargoes be shipped onprivately owned United States-flag vessels. The availabledata indicate that approximately one-fourth of United Statesliner carryings of exports consists of such cargo.

As a result of the support provided by the conferencesystem as well as by subsidies and the provisions in theforeign-aid legislation, United States liner companies (in-cluding United States-operated foreign-flag vessels) carriedabout 39 percent of liner exports in 1954 and about 48

percent of liner imports. Both figures represent declinesfrom the approximately 50 percent of exports and over 60percent of imports carried in the 1946-48 period.

United States tramp fleet in decline

No support of the kind supplied to liner companies isprovided to American tramp-vessel owners with the excep-tion of the 50-50 Cargo Preference Act. As a result, thecompetition from lower-cost foreign vessels limited UnitedStates tramp-ship carryings of exports to 2.4 million tons in1954, representing 11 percent of the total carried by trampvessels and consisting almost exclusively of aid cargoes, and1.8 million tons of imports, representing 9 percent of the totalof imports brought in by tramp vessels. An additional7.6 million tons of imports were carried by United States-flag and United States-operated foreign-flag vessels in in-dustrial-type operations.

Table 2.—United States Oceanborne Exports and Imports, 1938,1947, 1953-55 J

[Shipping weight in millions of long tons]

Year

Exports 2193819471953195419553

Imports193819471953195419553

Dry cargo vessels

Total

23.582.142.645.973.8

20.525.345.146.254.3

U. S.-op-

eratedvessels

5.546.111.211.814.7

6.116.116.216.318.1

Per-cent

23.456.126.325.720.0

29.863.635.935.333.3

For-eign-op-

eratedvessels

18.036.031.434.159.1

14.49.2

28.929.936.2

Per-cent

76.643.973.774.380.0

70.236.464.164.766.7

Tanker vessels

Total

21.512.910.78.27.8

9.024.255.056.264.7

U. S.-op-

eratedvessels

3.04.53.82.52.0

4.822.128.830.929.3

Per-cent

14.034.928.130.525.6

53.391.352.455.045.3

For-eign-op-

eratedvessels

18.57.46.95.75.8

4.22.1

26.225.335.4

Per-cent

86.065.171.969.574.4

46.78.7

47.645.054.7

1. Data compiled by the Bureau of the Census by flag-of-vessel ad justed for United States-chartered and United States-operated foreign-flag vessels and for foreign-chartered andforeign-operated United States-flag vessels. Excludes small amount of exports and importsoriginating in Great Lakes ports of Canada.

2. Includes outbound intransit shipments. Does not include United States military-con-trolled cargo and "special category" exports.

3. Estimate.


The decline in the employment of United States vesselsfrom 1946 to 1949 depicted in the chart reflects the declinein the United States tramp fleet. The reduction in demandfor coal and grain following the critical winter of 1946-47sharply reduced the demand for bulk-cargo shipping spaceand a decline in freight rates set in which persisted through1950. Foreign fleets, augmented by almost 1,000 ships soldabroad by the United States under the Ship Sales Act of1946 and by new construction, reduced United States trampcarriage of exports to about 20 percent of the total by 1950.As a result, by that date almost 1,500 Government-ownedships under charter to United States private operators hadbeen returned to the National Defense Reserve Fleet.

The sharp increase in the active fleet from 3.7 milliongross tons at the end of 1950 to 7.9 million gross tons atthe end of 1951 consisted almost wholly of a breakout ofships from the Reserve fleet to meet military requirementsin Korea, greatly expanded shipments of coal and grain toEurope and the Far East, and a mounting demand for shipsarising from heightened economic activity throughout theôrld. However, the demand for coal and grain slackened?early in 1952, easing the demand for ships and the return tolay-up was begun.



Table 3.—Estimated Freight Earnings of United States-Controlledand Foreign-Controlled Vessels in the Carriage of United StatesExports and Imports, 1938, 1947, 1953, 1954


Ocean freight

1938Dry cargo.Tanker

1947Dry cargoTanker

1953Dry cargoTanker

1954Dry cargoTanker . ._ _

Freight on UnitedStates exports l

U. S.opera-tors 2

836617

961932

29

350332

18

343331

12

Foreignopera-tors

318214104

80873870

48444440

59155833

Total

401280121

1,7691,670

99

83477658

934889

45

Freight on UnitedStates imports

U. S.opera-tors

675512

36727889

364241123

348231117

Foreignopera-tors 3

14013010

141133

8

423311112

36928881

Total

20718522

50841197

787552235

717519198

Total freightearnings

U. S.opera-

tors

15012129

1, 3281,210

118

714573141

691562129

Foreignopera-tors

458344114

94987178

907755152

960846114

1. Does not include freight on military-controlled export cargo.2. Credits in balance of payments.3. Debits in balance of payments.


With the decline of cargoes, freight rates fell to about the1949 level and remained at this low level through most of1954. Except for a few carrying military aid and someeconomic aid, all vessels from the Reserve fleet were re-

turned by that year. Also, even though total trade washigher in 1954 than in 1953, privately owned vessels werelaid up since the low rates permitted United States-flagtramp vessels to obtain only scattered cargoes financed byGovernment aid programs under the 50-50 Preference Act.In addition, substantial numbers of such vessels were trans-ferred or sold for service under foreign flags in an effort toreach a cost level competitive with foreign vessels. Theactive fleet continued to decline during most of 1954 but theincrease in shipping activity in the fourth quarter broughtmost of the privately owned vessels out of lay-up and theyear-end total in service was slightly higher than at theprevious year's end. Increased carriage of surplus com-modities and other Government-financed exports was theprincipal reason for the continued increase in the activeUnited States fleet in 1955.

EXPLANATORY NOTE: Freights earned by United States shipping concerns on goodsimported into the United States are ultimately paid by the United States importer and aretherefore considered as domestic transactions. Freights earned by foreign carriers on exportsare paid by the foreign importer and are therefore considered foreign transactions. UnitedStates receipts from foreign countries- include, the freight on goods carried on United Statesowned or chartered ships, both from the United States to foreign countries and betweenforeign countries, fares paid by foreign travelers to United States international sea and aircarriers, expenditures by foreign carriers in United States ports, including payments forbunker fuels, provisions and the unloading of ships, and charter hire received by UnitedStates shipowners from the charter of their ships to foreign companies. There are also inter-national receipts arising from railroad transportation, for instance freight on intransit move-ments of Canadian goods, freight earned by American railroads operating within Canada, andfreight car rental between the United States and Canada and Mexico. United States pay-ments include the reverse transactions, such as payments to foreign transportation companiesfor freight on imports to the United States and for passenger fares, expenditures by UnitedStates vessels and planes abroad, charter fees to foreign owners of vessels and miscellaneouspayments for rail transportation.

Business Expectations for 1956—Investment Outlays and Sales

(Continued from p. 14)

Durable-goods sales were up 18 percent as against an antici-pation of a 5-percent increase; the difference in nondurableswas smaller—an actual rise of 8 percent as against an ex-pected rise of 4 percent.

In most of the major industries in which sales exceededanticipations, businessmen spent more for plant and equip-ment than planned. This happened in steel, machinery,motor vehicles and other transportation, stone, paper,petroleum and textiles. It was not true in chemicals andnonferrous metals where investment fell below expectationsdespite better than expected sales.

Investment also increased more than planned in tradewhere sales rose 8 percent as compared with an anticipatedrise of 6 percent. Public utility revenues rose 11 percentlast year as against an 8-percent anticipation. It is not verylikely that investment is much affected by short-term fluctua-tions in revenues in this area.

Capital goods prices

In order to help in the interpretation of the statistics onanticipated capital expenditures, the reporting companieswere asked for the first time this year a question about theirtreatment of prices in making their projections for 1956. Acommonly held assumption, and one that has been consideredhere before, is that many firms in estimating expendituresfor the coming year project the same level of constructionand equipment costs that prevails at the time the estimateis made. In most cases this would be around the beginningof the year.

Specifically, firms were asked with respect to their 1956annual anticipation whether they took into account possiblechanges in the average prices of construction and equipment;and, if so, how these prices would compare with averageprices prevailing at the time the anticipation was made.

About three-fourths of the manufacturingplied expenditure data gave answers, whiclin the following table:

AH manufacturing firms...Considered price changes

Expect higher pricesExpect same prices

Did not consider price changes..

Durable-goods firmsConsidered price changes


Did not consider price changes-.

Nondurable-goods firms.-Considered price changes


Did not consider price changes..

firms that sup-are summarized

Percent of firms

10064303436

10065323335

100_ 62

273538

Source: U. S. Department of Commerce, Office of Business Economics andSecurities and Exchange Commission.

Broadly speaking, it appears that the respondent firms areabout equally divided among those expecting higher averageprices during 1956, those expecting no change in prices andthose not considering the possibility of price changes in1956. Only a few firms thought that capital goods pricesmight be lowered. The reader should remember that thebasis of comparison is not with the 1955 price level butwith the level prevailing at the time that the expenditureanticipation was made.

The larger the size group of firms, the more frequent theexpectation of higher prices and the less frequent the ex-pectation of an unchanged price level. This holds withinboth the durable- and nondurable-goods groups. Withineach broad size class the proportion of durable-goods firmsexpecting higher prices is greater than the correspondingproportion of nondurable-goods firms.


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

CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier yearsback to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Seriesadded or revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger ( f ) , respectively, the accompanying foot-note indicating where historical data and a descriptive note may be found. In most instances, the terms "unadjusted" and "adjusted" usedto designate index numbers and dollar values refer to adjustment of monthly figures for seasonal variation.

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 1954 anddescriptive notes are shown in the 1955 edition ofBUSINESS STATISTICS

1955

Janu-ary

Febru-ary March April May June July August Septem-

ber October Novem-ber

Decem-ber

1956

Janu-ary

Febru-ary

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT

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

Compensation of employees, total doWages and salaries total do

Private do _ -Military doGovernment civilian do

Supplements to wages and salaries do

Proprietors' and rental income total c? doBusiness and professional cf do_Farm doRental income of persons do

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

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

Inventory valuation adjustment doNet interest do

Gross national product, total do

Personal consumption expenditures total doDurable goods doNondurable goods doServices do

Gross private domestic investment, total doNew construction . _ _ _ _ _ - do. _ _Producers' durable equipment _ _ doChange in business inventories do

Net foreign investment- _ - _ _ do_ _Government 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 _ do __Equals: 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 do __Transfer payments doLess personal contributions for social insurance

bil. of dol- .

Total nonagricultural income do

292.2

199.385.452.926.834.2

6.849.125.017.0

5.0

276.5

293.2

200.386.353.026 734.3

6 848.825.317.0

5.0

277.7

311.4

213.1200 8166.5

9.125.312 2

48 826.611.510.7

39.640.920 520.4

—1.39.9

375.3

245 834.4

122.489.0

54.131.221.51 5

-.4

75.846.441.229.4

293 632.6

261.0

15.3

295.7

202.687.853.627 034.2

6.848.525.517.4

5.1

280.9

298.9

204.688.953.627.234.9

6.949.025.917.6

5.1

283.7

301.4

207.390.654.527.434.8

6.948.826.117.5

5.2

286.6

320.7

219.5207 0171.7

9.325.912 5

48.727.111.010.7

42.243.021.621 A—.810.3

384.8

250 535.1

125.390.2

60.132.623.24 3

-.7

74.945.240.429.7

300 533.4

267.1

16.6

301.6

208 090.954.927 434.8

6 948.526.317.1

5.2

287.2

305.3

212.491.755.727.837.2

7.047.926.416.9

5.3

291.7

305.3

211.291.556. 127 935.7

7.048.826.716.9

5.3

290.8

325.7

224.3211 3175.6

9 126.613 0

48.827. 610 610.7

41.944 522 322 2

—2.610.7

392.0

255 736 9

127.091.8

60.533.224.92 4

.0

75.845.540.630.2

306 134.4

271. 7

16 0

307.9

212.492.256.428.035.8

7. 149.727.116.9

5.3

293.0

309 2

213 392.856 428 235. 9

7 149 827.416 9

5.3

294.4 |

312 0

215 394 056 828 536 0

7 150 227.617 1

5.3

296.6

228 0214 7178.8

9 026 913 2

50 128 011 410 7

—3 111 2

397 3

257 234 8

128 893 6

63.232 325.55 3

—.3

77 246 341 031 0

312 135 4

276 6

19 4

r314 8

r 215 8

94 1r 56 Qr 28 7r36 1

7 2r 49 9

29.917 4

5.4

' 299. 9

312 5

215 593 656 928 736 3

7 249 828 017 7

5.7

297.9r 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 national product above.

S-l


S-2 SURVEY OF CURRENT BUSINESS March 1956


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

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 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 doRailroads doTransportation other than rail doPublic utilities do

FARM INCOME AND MARKETINGS %

Cash receipts from farming, including Governmentpayments total mil. of dol

Farm marketings and CCC loans, total doCrops _ do

Dairy products -- doMêat animals doPoultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities 1935-39 = 100Crops -- doLivestock and products do

Indexes of volume of farm marketings, unadjusted:All commodities 1935-39 = 100

Crops doLivestock and products do. __

INDUSTRIAL PRODUCTION

Federal Peserve Index of Physical Volume

Unadjusted, combined index _ 1947-49= 100 _.

Manufactures doDurable manufactures - do

Primary metals 9 doSteel doPrimary nonferrous metals do

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

Nonelectrical machinery doElectrical machinery do

Transportation equipment 9 doAutos doTrucks doAircraft and parts do

Instruments and related products doFurniture and fixtures doLumber and products -- doStone clay and glass products doM iscellaneous manufactures do

Nondurable manufactures doFood and beverage manufactures do

Food manufactures 9 -- doMêat products doBakery products do

Beverages do

Tobacco manufactures doTextile-mill products 9 do

Cotton and synthetic fabrics _ _ d oWool textiles do

Leather and products doPaper and allied products do_ --

Printing and publishing do _ -

Industrial chemicals doPetroleum and coal products -- do

Rubber products dor Revised. P Preliminary. * Estimates for the9 Includes data not shown separately.JAnnual estimates beginning 1910 and monthly dat

ings, have been revised to take into account the latest iJ

' 2, 524

' 2, 489r 1, 178' 1,311

'318-761'212

'375'416'345

' 162'160' 164

132

133147129130159

159124148126191

20019598

479140109117132129

12098

102138948480

10510411470

113105140140119158169132142145

1st and 2d

a beginniriformatio

'1,903

' 1, 872'691

r 1,181'294'631'237

'282'244'311

'125'98

'145

135

136151136138167

162126152129196

205210

87477142113125134134

1229799

124958986

10410811672

116112148147122162177134144144

quarters (

g Januar:n on prod

5,847

2,2491,0631,186

186179359845

2,030

25.65

10.174.785.39

.80

.741.464.018.46

' 1, 897

' 1, 875'547

' 1, 328'349'677

286

'283' 193'350

'127'76166

138

140154142146169

165130'154132195

209215104479145114126140137

12510010012895

101100105109118

74

123113152150128166184133139146

)f 1956, ba

7 1953 for (uction, di

' 2, 016

' 2, 001'655

' 1, 346'361'679'279

'302'232'354

' 132'82

'170

138

140155144148166

166131152134189

213223137472144111129146135

12410110011894

10710699

10911879

117105154148127165182132136147

3ed on ant

3ash receiisposition,

r 2, 020

' 2, 003'617

' 1, 386'389'679'280

'302'218'365

••137' 75' 183

138

140155143151166

165134151135181

209205132469142113129149137

12410410211497

11310710910811683

113100153151127165182131135146

icipated c

)ts, also rrand price

7,009

2,7951,2781,517

235217420

1,0522,290

27.19

10.845.065.78

.94

.801.624.098 90

'2,006

'1,995'698

' 1, 297'383'615'264

'301'247

341

' 138'96

'170

139

141155144147167

163135153137184

200184134466149116137155141

12711210811410012711711610611085

110105156154127165185136140151

apital exp

lonthly df. Unpub

' 2, 101

' 2, 091'896

' 1, 195'363'548'264

'315'317'315

'146'133

156

130

132146122133127

157130142131165

197195126469147113118149133

11711110910410012110692919673

9592

139135121158176134141121

enditures

it a beginnlished re\

' 2, 467

' 2, 457'1,118' 1, 339

'351'690'285

'371'395'352

'170' 166' 172

139

140153132141150

162139153131194

192166106469150123133158142

12811711811898

11410411210811579

116108155151123163182138143133

of busines

ing Januaisions (pr

7,449

2,8991,3781,521

248215401

1,1742,512

29.65

11.975.776.20

.99

.961.604.439.70

' 3, 077

' 3, 064' 1, 691' 1, 373

'331'712'316

'462'598'361

'202'237

175

142

144157143150173

165142161137207

185130102484155127136158149

13012212512999

11110210710611180

111107157150131171190136141144

s, appear

ry 1953 folor to Aug

' 3, 584

' 3, 569' 2, 031' 1, 538

'340'842'342

'538'717'405

'237'287'200

147

'150164149154171

173145169141223

200153106490158128138161154

135124125143100118117

ni411211785

117109167158135176192138143155

311 p. 14 Of

' indexeslist 1954)

' 3, 297

' 3, 276' 1, 865' 1,411

'332'712'355

'494'659

372

'212'234

196

'145

148163149156173

174139164141208

'216212122

'500'159

128' 124' 157

152

132'114

11815099

102105107

'11111883

'117'99

'159156135178197140148150

this issue

3f cash recwill be sh

i ' 8, 398

'3 499' 1, 718' 1, 781

r 288'312'421

' 1, 238' 2, 640

i ' 31. 45

' 12. 486 006.48

1.081.171.704 48

' 10. 54

2,738

2,7091,4441,265

350563337

409510333

183187180

' 142

143r!61'148

154176

'173' 137r 164r 147'197

'214193122

'516'161

128"113' 153

149

'125105

' 10915299918888

105110'80

107' 102

147144

' 130177197

'141152140

of the SL

eipts andown later

v 2, 389

P 2, 350* 1, 109P 1, 241

P335P627P258

P355"392P327

P 166P156v 173

143

144160153159

172133167150200

206173113515160123116150142

12810210615395

P144

P 146P 162P154

P 172P134t> 168v 152P 198

P206

P162P 124P121P 151P144

P 130

11111982

117110157

125178199143154151

v 127

P 142

RVEY.

volume of market-


March 1956 SURVEY OF CURRENT BUSINESS S-3


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary


INDUSTRIAL 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

Adjusted combined index do

Manufactures - - doDurable manufactures do

Primary metals _ do

Metal fabricating (incl. ordnance) _ doFabricated metal products - do__Machinery do

Nonelectrical machinery ___ .doElectrical machinery do

Transportation equipment _ doInstruments and related products do

Furniture and fixtures doLumber and products _do _Stone, clay, and glass products doMiscellaneous manufactures _ do

Nondurable manufactures _ - _ _ _ _ do _ _Food and beverage manufactures do _.Tobacco manufactures _ _ _ do -Textile-mill products doApparel and allied products -do -.Leather and products - do

Paper and allied products do -Printing and publishing doChemicals and allied products doPetroleum and coal products doRubber products -- -- do -

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

CONSUMER DURABLES OUTPUT

Unadjusted total output - 1947-49=100

Major consumer durables -do -Autos doMajor household goods -- do

Furniture and floor coverings.- doAppliances and heaters.. - do__Radio and television sets ., ._ do . _ _

Other consumer durables do

Adjusted, total output _ _ do

Major consumer durables doAutos -- doMajor household goods do

Furniture and floor coverings _ doAppliances and heaters _ _ .-do _Radio and television sets - __ __ do

Other consumer durables - -_ .-do

BUSINESS SALES AND INVENTORIES §

Manufacturing and trade sales (adj.), total—bil. of dol._

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

Wholesale trade, total _ ___ - _ _do -Durable-goods establishments _ _ _ - doNondurable-goods establishments do

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

Manufacturing and trade inventories, book value, endof month (adjusted), total bil. of dol

Manufacturing, total - . _ _ __ do __Durable-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.

11777

14279

115

132

133145127

157125145124187

197140109129136132

121107107102110105

i r 142123155131143

12074

142110126

142

163195137108124260

95

139

' 156'186

133107126225

98

48.7

24.311.812.4

9.53.16.4

14 95.19. 7

76.9

43.224 019.2

11.55.75.8

22.210.212.1

11979

14485

113

133

134147131

158126146125189

199142109127138133

121106106103106

' 105

143123158134138

12379

144114124

151

174210146111138272

97

' 140

159r 189

13410713022699

48.9

24 612.012 6

9 53 16 4

14 85 29 6

77 3

43 324 019 2

11.75.75.9

22 410 312.0

11871

14586

122

135

136148136

160129147126190

200143112127143136

124107107104111105

147125161134140

12172

145113132

155

17921515111415126099

142

161192136109133222100

50.7

26 012.913 1

9.73 26 5

15 15 59 6

77 5

43 324 119 2

11.65.75.9

22 610 512.1 1

11972

143101128

136

138151138

162130151131191

202143113127146136

126109103107112105

151125163136144

11972

143100129

156

180223145111150228

99

144

163192140110140226100

50.9

26 012.813 2

9 63 26 4

15 35 59 7

77 7

43 324 219 1

11.75 75.9

22 810 512! 2

12277

139131133

138

140153140

163134153134189

202142117128149142

127108109106114105

156126168134147

12181

139111129

147

167205136109145189102

145

163190141113142222103

51.7

26 613.313 3

9 73 36 4

15 45 59 9

78 3

43 524 319 2

11.85 86.0

23 010 812! 3

12174

139141134

139

141155143

164135155136192

198149121133153145

128109109107114107

156128170136149

12286

139117129

144

160184141113152192106

144

160173151117145269106

52.3

27 113.513 6

9 73 36 5

15 45 69 §

78 8

43 824 519 3

11.85 95 9

23 210 812! 4 •

11977

139104135

139

141155134

166135158138197

202151122125152143

126108101106112106

155128170134137

12087

13988

130

137

152195115105116143103

150

169188155117146290106

51.9

26 713.513 2

9 63 36 3

15 55 79 8

79 2

43 924 619 4

11.96 05 9

23 410 812.' 5

12482

141126139

140

142158139

168137159140196

203153124127155145

12510810010711210?

153128168135138

12182

141105130

139

152166141117127254110

r 151

r 169r Igg

155121143294107

52.8

27 °13.713 5

9 93 46 4

15 75 89 9

79 6

44 324 819 5

11.96 05 9

23 310 812! 5

12683

142141141

142

144160146

170141161141199

205155125127155145

128108100107116104

157130173135142

12380

141119133

136

145130159124151289115

r 154

172195156123147279111

53.1

27 213.713 5

10 03 46 6

15 85 8

10 0

80 0

44 725 219 5

12.06 15 9

23 210 712! 5

12788

143136139

143

145r!61148

173142164143205

208156124130153145

129111

T 105109116105

' 156131171137147

12380

143120131

146

157153162127145315120

152

168194148121137259114

52.5

26 613.313 4

10 13 46 7

15 85 8

10 0

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45 425 719 7

12.26 26 0

23 310 712! 6

r!2787

r 147'105

135r 143r 145

161149

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r 161143198

r 213' 158

123r 124'156

145r 129

112104110

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12580

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159

r 177212150124

r 131279117

151

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53.2

27 313.713 6

10 13 46 6

15 85 7

10 1

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45 726 119 6

12.36 36 0

93 611 012.6

r 12791

' 151r 83129

144r 146r 161' 150

' 172r 138r 163' 144r 199

r 212T 159

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146

T 12987

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r 164193

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r 148

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r 14312]141216

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27 313 713 6

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m i

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45 926 319 6

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12790

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13086

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p 127p 88

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p 202p 162p 120p 124P156p 143

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p 1 4.7p i c o

P 114

'Revised. p Preliminary. i Revision for December 1954, 140.§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. Unadjusted

data for manufacturing are shown on p. S-4; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.


$-4 SURVEY OF CUEEENT BUSINESS March 1956

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

1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Sales value (unadjusted) , total mil. of dolDurable-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 do__Other durable-goods industries do

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

Sales value (adjusted) total doDurable-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 doTextile do --Paper doChemical doPetroleum and coal do _Rubber -- 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 do __Stone 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 dol

Tobacco doTextile doPaper doChemical doPetroleum and coal doRubber - doOther nondurable-goods industries do

By stages of fabrication:Purchased materials bil of dolGoods in process do -_Finished goods do

Inventories, end of month:Book vnlue (adjusted), total mil. of dol__

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

vehicles) mil. ofdoL.I umber ftnd 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 do _Petroleum End coal doRubber doOther nondurable-ôods industries do

By stages of fabrication:Purchased materials bil of dolGoods in Drocess doFinished eoods do

23, 69911,4001,8731,0782,920

3,166944498921

12, 2993,908

2771,047

7561,7762,339

4371, 759

24, 28711, 8501,8291,1233,075

3,2211,026

586990

12, 4373,993

2981,068

7411,7402, 293

4241,880

43, 50324, 0533.2802,4177,822

5,8311,719

8822,102

6.49.87.9

19,4504 6971,9632 3301,0283,049?, 581

8062 996

7.92.88.7

43, 19623, 9843,2392,4177 804

5,8381,719

8652,102

6.49.77.9

19 2124,5581, 8522,3541,0283,0202,634

7902,976

7.82.88.6

23, 97111, 7961,8981,0903,134

3,2391, 009

505921

12, 1753 799

2681,004

7311, 7372,238

4181,980

24, 64912 0291,9501,1473 130

3,1971,051

574980

12, 6204,029

2981,035

7541,7872,307

4401,970

43, 47724, 1213,2292,4207,844

5,8631,742

9072,116

6.39.88.0

19,3564,5431 , 9'U2 3801,0553,0452,590

8003, 003

7.92.98.6

43, 25624, 028

3, 2G22, 4207, 79-1

5, 8011, 724

8722,095

6.39.87.9

19, 2284,4991,8422, 3801 0343,0192,670

7823,002

7.72.88.7

27,55013, 8992 2251,2913 628

3, 8521,176

6511,076

13. 6514 117

3091, 151

8472,0252, 388

4752 339

25, 97612, 8602,0871,2533,318

3,4861,069

6321,015

13, 1164,113

3031,096

8071,9022,341

4662,088

43, 48324, 268

3, 1662,4867,898

5,9401, 731

9142,133

6.210.08.1

19,2154, 3911,9012,3961,0573,0222, 587

8213,040

7.82.98.5

43, 33224, 1123, 2882, 4617,788

5,8831,714

8872,091

6.39.97.9

19, 2204,4421,8462. 3961,0362,9822,667

8053,046

7.72.88.7

26 29613, 3002 1781,2783 326

3 8051,100

643970

12, 9964 045

3001.072

8032,0062,238

4592 073

26, 02512 8052, 1331,2783, 193

3,5461,048

637970

13, 2204, 246

3261,117

7871,9122,284

4452,103

43, 34424, 352

3,1262,5467,955

5,9221,736

9152,152

6.210.08.2

18,9924,2281,8572,4041,0442,9672,605

8243,063

7.72.98.4

43, 26424, 1593,2662,4967,816

5,8641,719

8882,110

6.59.97.8

19, 1054.4001,8392,3801,0342.9432, 658

7843,067

7.72.88.6

26, 32513,3902 2411,2593 382

3 7321, 136

672968

12, 9354 176

3431,043

8241,9792,229

4601,881

26, 65113 3222,2131,3253, 410

3,6091, 125

652988

13, 3294,189

3361,172

8411, 9612,346

4652,019

43, 64924, 5393, 1342,6018,029

5,9251,752

9152,183

6.310.08.3

19,1104,1451,8052,4441,0382,9932,670

8423,173

7.62.98.5

43, 54924. 3043,2362, 5017,919

5,8761, 735

8972,140

6.510.07.9

19, 2454, 3911,8422, 3961,0382,9952,670

8103,103

7.82.98.5

27 39413, 9742 3491,3973 682

3 5291,244

7161,057

13, 4204 377

3431,148

8441,9552 338

4881 927

27, 11113 5272 3151, 3833 547

3,3291,208

6881,057

13 5844, 329

3181,148

8441,9852,386

4652, 109

43, 97624, 7553,1162,7168,078

5, 9981,747

9062,194

6.510.18.2

19, 2214,1081,7642,4501,0343, 0532,686

8753, 251

7.62.98.7

43, 77924, 4573,1882, 5877,905

5,9611,747

8972,172

6.610.07.9

19, 3224,3441,8572,4261, 0343,0242, 713

8503, 074

7.82.98.6

24 64412, 1141,8751,2943 036

3 3421,034

631902

12, 5304 148

316952776

1,7532 276

4531 896

26 73113 5032 1381,4073 475

3,6151.198

6571,013

13 2284 223

3161,133

8341,8442,299

4712,108

43, 85524 5743,2012, 6568,009

5,8651,773

9062, 164

6.610.07.9

19, 2814,2211,7222 4221, 0523,0512, 753

8273,233

7.62.98.7

43, 93824, 5633,1972,6048,010

5,9051,755

906, 2, 186

6.610.17.8

19, 3754,3581,8322,3981,0633,0392, 753

8533,079

7.82.98.6

27, 41113, 4942 2231,5853 332

3 1421,344

7441 124

13 9174 392

3601,187

8831,9842 382

4702 259

27 22913 7452 2851 5103 484

3 4131 280

6821 091

13 4844' 291

3301,109

8742 0012 382

4562 041

43, 94524, 6183,2812, 5947,983

5,9531, 759

8962,152

6.810.07.8

19, 3274,3481,7192,4101,0463,0472,783

8113,163

7.63.08.7

44, 31524, 7683,2592,6208,069

5,9901,742

9142,174

6.710.18.0

19, 5474,3741,8292,4341,0783,1122,755

8633,102

7.93.08.6

27 59613, 5022 3531 5363 535

2 9561. 285

7301 107

14 0944 419

3381,244

8792,0582 346

4512 359

27 22413 6922 3941,4363 474

3 4381 236

6701,044

13 5324 249

3191,131

8702 0102,346

4562 151

44, 26624 9013 3792,6747,996

6,0661.777

8872 122

7 010.27.7

19, 3654 4751,7282 3731,0163,0632,815

8303,065

7.73.08.6

44, 70325, 1823,3052,7578, 110

6,1361,795

9142,165

6.910.28.0

19, 5214.3921,7632,3971,0263,1882,787

8743,094

7.93.08.6

27 83013, 6562 3691, 5483 577

3 0871 188

7381 149

14 1744 352

3201,246

9212 0402 362

4832 450

26 63713 2612 3241 3823 472

3 2521 131

6651 035

13, 3764,104

3271,112

8771,9392,339

4472,231

44, 95925, 3773,5122,6178,093

6,3461,806

9002,103

7.110.57.8

19, 5824 6561,7772 3491,0283,1012 880

8482 943

7.93.08.7

45, 35625, 6593,4262,7268,240

6, 3311,843

9472,146

7.010.58.2

19, 6974,4971,7592,3971,0493,1902,824

9023,079

8.03.08.7

27, 29213, 7232,3901,3813 473

3,6331,133

6681,045

13, 5694 084

3341.221

8861,9192 454

4432 228

27 34313 7212 3931,3953 553

3 5761,144

6551,005

13 6224 047

3271,197

8862 0142,479

4822 190

45 31725 6703 6002,6498 232

6 3881,806

9012 094

7 110 68.0

19 6474 6611 7972 3771J0313 1422 823

8882 928

8 22 98 5

45, 66926, 0503,4912,7598,397

6,4751,843

9482,137

6.910.88.3

19,6194,4501,7792,4261,0413,1572,768

9353,063

8.13.18.4

' 26, 977'13,716' 2, 433' 1, 306' 3, 777

' 3, 529' 1, 045

-•613'1,013

' 13, 261'4 016

'327'1,115

'838' 1, 801' 2, 695

457' 2, 012

' 27, 300' 13 688' 2, 341' 1, 375' 3. 648

' 3, 460' 1, 124

' 674' 1, 066

' 13 612' 4, 095

'337' 1, 126

'873' 1, 959' 2, 495

476' 2, 251

' 46, 085' 26 235

3,6032,6588,412

6,6241,855' 956

'2 127

' 7.1'10.8' 8. 3

' 19, 850' 4 584' 1,867'2 422' 1, 063'3,280' 2, 758

905'2 971

'8.42.9

'8.6

' 45, 885' 26, 317' 3, 494' 2, 740' 8, 494

' 6, 603' 1, 837

'956' 2, 193

7.0' 10.9'8.4

' 19, 568' 4, 382' 1, 795' 2, 471' 1, 052' 3, 199' 2, 731

896r 3, 042

8.2'2.9'8.5

26, 46413, 1522,4291,3663,549

3,1751,028

5471,058

13, 3124,002

3051,063

8971,9592,557

2,043

27, 12113, 6342,3691,4233,738

3,2051,117

6441,138

13, 4874,103

3281,085

8791,9182,483

2,215

46, 58626, 6263,5972,7098,718

6,5861,872

9922,152

7.111.08.5

19, 9604,4991,9362,4501,0903,3362,686

3,049

8.33.18.6

46, 21726, 5193,5402,7098,698

6,5751,872

9732,152

7.110.98.5

19, 6984,3691,8262,4751,0793,2832,741

3,029

8.23.08.5

'Revised.


SURVEY OF CUREENT BUSINESS S-5


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS— Continued

Now orders, net (unadjusted), total mil. of dol__Durable-goods industries, total ... do_- _

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

hicles) iril. ofdolOther durable-goods industries do

Nondurable-goods industries, total. _ _ _ _ . do_ ..Industries with unfilled orders 9 - doIndustries without unfilled orders 1_ do

New orders, net (adjusted), total do _ _ _Durable-goods industries, total do

Primary metaL __ _ _ - _ _ _ _ - do ._Fabricated metal do . _Machinery (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 t do

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

Primary metal doFabricated metal do _.Machinery (including electrical) doTransportation equipment (including motor ve-

hicles) mil. ofdolOther industries, including ordnance do.. .

Nondurable-goods industries, total $ do

BUSINESS INCORPORATIONS d"

New incorporations (48 States) number- .

INDUSTRIAL AND COMMERCIAL FAILURES c?

Failures, total ..nuinber.

Commercial service doConstruction . do _Manufacturing and mining.. doRetail trade doWholesale trade ._ -do

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

Commercial service doConstruction . do_ __Manufacturing and mining doRetail trade ._ _.doWholesale trade do

24, 32411, 9402,2221 1352,983

3,0152,585

12,3842,8939,491

24, 64112, 1422, 1361,1352,936

3, 3502, 585

12, 4992,9229,577

47, 17444, 3504, 1093,241

13, 44619, 354

4,200

2,824

13, 181

939

8787

195456114

37, 872

3,1549,044

11,6369,6474, 391

24, 26812, 0232,3971 0643, 191

2, 8712 500

12, 2452, 8709, 375

24, 84512, 1702, 4461,1203, 233

2, 8712,500

12, 6752, 8999,776

47, 47144, 5774, 6083,215

13, 50318,986

4, 265

2 894

11, 369

877

60113188412104

42, 056

2,2447,624

18, 9228,9284, 338

28, 31014, 5962,8961 4633, 656

3, 6582 923

13, 7143,253

10, 461

26, 48213, 3532, 5861,3063, 404

3, 3252, 732

13, 1293 040

10, 089

48, 23145, 2745,2793, 387

13, 53118, 792

4,285

2,957

13, 417

1,038

66108225520119

41, 209

2,9164, 468

16, 92111,9724,932

26, 04313, 132

2, 5041,2183, 345

3,3372,728

12, 9112,888

10, 023

26, 11612, 8792, 3851,1943, 179

3, 3372. 784

13, 2373, 008

10, 229

47, 97845, 106

5, 6053,327

13, 55018, 324

4, 300

2, 872

11,756

903

6610615448493

35, 968

2,2296,450

12, 65310, 7653,871

26, 70813, 7132, 5131,2983,321

3, 7682,813

12, 9952,957

10, 038

27, 72014, 3312, 5381, 3663, 531

3, 9662,930

13, 3893, 146

10, 243

48, 36145. 429

5, 8773, 366

13, 48918, 360

4, 337

2, 932

12, 029

955

8012116849987

34, 714

1,9984, 885

14, 09310, 8742,864

28, 31414, 5712,3281, 6403,929

3, 5483,126

13, 7433, 403

10, 340

27, 79514, 0332,4771, 5623, 734

3, 2253, 035

13, 7623, 336

10, 426

49, 32146, 0665,8563,609

13, 73618, 419

4,446

3 255

12, 605

914

75114200446

79

36, 667

5,2594,702

13, 8889,5643 254

26, 10013, 3472, 3161, 4453, 639

3. 2342,713

12, 7533,0109,743

27, 04413. 5712, 3391, 4453, 656

3. 3342,797

13, 4733 382

10, 091

50 77747, 2996 2973 760

14 33918, 311

4,592

3 478

10, 893

861

6810217942389

32, 543

1,5026,289

11 8658,6054 282

28, 44314, 5802, 5591, 6863,698

3,1913 446

13, 8633,159

10, 704

28, 71815, 1452,6111, 6063.833

3, 8443 251

13, 5733 191

10, 382

51 80948 3856 6333 861

14 70518, 360

4,826

3 424

10 983

888

59134158430107

36, 028

1 9879 663

10 10210' 0244 252

28, 74414, 7662, 4061 6174,029

3,7332 981

13, 9783,195

10, 783

28, 30114, 9362, 5321,5254,165

3, 7332,981

13, 3652 958

10, 407

52 95749 6496 6863 942

15 19919, 137

4,685

3 308

11,024

822

75114168366

99

33, 120

2 6664 256

10 7988 2537 147

28, 21314, 0612,3021, 5403,882

3,4342 903

14,1523 309

10, 843

27, 46614 094

2, 3731 5403,929

3, 4342 818

13, 3723 036

10 336

53 34050 0546 6193 934

15 50419 484

4,513

3 ^86

10 698

919

8113618043785

34, 777

3 6558 713

10 4079 5862 416

27, 72614, 0262, 6131 4123 682

3 7262 593

13, 7003 296

10 404

28 31514 6802 7511 5694 006

3 6532 701

13, 6353 139

10, 496

53 77450 3576 8423' 965

15 71319' 577

4,260

3 417

10 157

945

70133196462

84

42, 783

1 2399 744

14 10612 6265 068

' 28, 694r 15, 478

r 2, 629r 1 430"4,268r 4, 634T 2 517

' 13,216T 2, 965

r 10, 251r 29, 306T 15,605

T 2, 528r 1, 589' 4. 118

' 4, 634r 2 736

r 13, 701T 3 188

r 10, 513

T 55 401r 52 119

r 7 038r 4 089

T 15 204r 20! 682

r 4, 106

r 3 372

r 11 539

908

73136191404104

41,643

1 1067 341

11 55410 77510 867

27,53314, 3392,5431 3983,889

3,7022 807

13, 1942, 930

10, 264

28, 13114,7102,4451,4723,827

4,1592,807

13, 4213 052

10, 369

56 56053 3067 1524 121

16 54421,209

4,280

3 254

13 363

1 048

72126209535106

42, 890

o 9746 163

14 44214' 9364 375

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

Prices received, all farm products 1910-14—100

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

Fruit doOil-bearing crops. doPotatoes § _ _. doTobacco do

Livestock and products _ doDairy products doMeat animals doPoultry and eggs _ _ _ . doWool do

Prices paid:All commodities and services. ._ _ do

Family livisg items doProduction items do

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

Parity ratio 0 do

243

247257275204241

216274192425

240258263163284

264273253

283

86

244

244258268203240

203270198436

245255264190285

264271

r 255

283

86

243

243262269198239

204264200437

243248260199281

265273256

284

86

247

252270270197236

216261297437

242241269185274

*>65274254

284

87

244

255308266200240

209259305436

234236260175263

263274251

282

87

243

244230266196232

239256213435

242235276176251

263274250

282

86

237

238223271190222

235257170435

237242261178247

262274248

281

84

233

228211277178214

213246141437

937249251191240

260273247

279

84

235

229230285174217

210225129427

240257250202926

259272246

279

84

230

224223278167920

188227130443

236264240195222

261274246

280

82

225

224231274164220

193228143438

225267216195219

259273244

279

81

223

227231264170221

207232144455

21926520120499ft

259273243

278

80

226

231244950

171220

225236161452

2219fiO207205222

259979

246

281

»n

226

931244262173220

21293917545'̂

920256°15188926

959^729dp;

280

R1•• Revised.9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.t For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.d" Data are from Dun and Bradstreet, Inc.§ Includes sweetpotatoes and dry edible beans.® Ratio of prices received to prices paid (including interest, taxes, and wage rates).

374754°—56 4




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

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 doHousefurnishiBgs - - doRent do

Medical care _ doPersonal care _ _ . _ do __ ."Reading and recreation do _ _Transportation .. _ . . _ _ . _ _ . . .__ do _ .Other goods and services do

WHOLESALE PRICES <?U. S. Department of Labor indexes:

All commodities 1947-49=100Farm products 9 __ ___ -do

Fruits and vegetables, fresh and dried doGrains __ . _'_ doLivestock and live poultry do

Foods, processed 9 doCereal and bakery products doDairv products and ice cream _ . do _ . _Fruits and vegetables, canned and frozen.. doMeats, poultry, and fish . _ do - .

Commodities other than farm products andfoods . .. 1947-49=100 -Chemicals and allied products 9 - _-do _ _ _

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

Fuel, power, and lighting materials 9 _ do _ _Coal doElectricity . _ _ __ - _ _ doGas doPetroleum and products -do _ _

Furniture, other household durables9 doAppliances, household _ doFurniture household doRadio receivers and phonographs _. . do. __Television receivers do

Hides, skins, and leather products 9 - - do _ _Footwear doHides and skins _ . . do^_ _Leather do

Lumber and wood products - do -Lumber _ _ _ - . do. ._

Machinery and motive products 9 - doAgricultural machinery and equip doConstruction machinery and equip doElectrical machinery and equipment doM^tor vehicles do

Metals and metal prod nets 9 -- do. _ _Heating equipment _ doIron and steel doN on ferrous metals do _ _

Nonmetallic minerals, structural 9 - - - doClay products doConcrete products do ._Gvpsum products _ do

Pulp paper and allied products doPaper _ _ ... do __

Rubber and products _ - doTires and tubes do

Textile products and apparel 9 doApparel -- -- do _ _Cotton products doSilk products _ doS vnthetic textiles . - doWool products do

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

Miscellaneous do . -Toys, sporting goods . do

PURCHASING POWER OF THE DOLLARAs measured by —

Wholesale prices 1947-49=100Consumer prices - do --Retail food prices do

207.3

114.3103. 3110.6106.4110.6102. 4119.6109.4104. 6129 5126. 5113.7106.9127.6119.9

110.192.5

105. 293.579.4

103.8116.9107. 0104.687.6

115.2107.1117.393.661.8

113.6112.8108.5105.2100.7113.0111.7115. 5108.7112. 595.469.091.9

111.649.581.2

120.3120.0125.8121.5133. 2126.8121.7130.1112.9135.8127.9122.0135.8116.7122.1116.3127.5136.8139.995.298.290.2

124.187.3

106.6121.4114.3124.097.0

113.2

90.887.590.4

207.5

114.3103.4110.8106.1110.7102. 5119.6109.9104. 8129 7126.8113.5106.4127.4119.8

110.493.1

103.893.180.7

103.2116.3107.2104.486.9

115.7107.1117.493.361.0

113.5113.1108.7105.2100.1116.3111.7115.4108.5112.694.768. 892.3

111.551.682.2

121.2121.4126.1121.6133.8126.7121.5131.5113.7135.8133. 7121.8136.1117.0122.1116.6128.0140. 6142.495.298.290.6

122.486.7

106.3

121.6114.6124.097.1

113.1

90.687.590.3

207.5

114.3103.2110.8105.4112.0102.3119.6110.3104.6130 0127.0113.5106.6127.3119.8

110.092.1

104.492.279.9

101.6116.5107.2104.883.3

115.6106.8117.593.155.4

113.6114.0108.5105.199.5

116.6111.7115.1107.2112.794.768.892.2

111. 550.782.1

121.4121.8126.1121.5133.8126. 4121.5131.9113.6136. 2134.3121.9136.5118.2122.1116.8128.0138.0142.395.398.390.8

121.187.5

106.1121.6114.7124.0

95.6113.2

90.987.590.3

207.9

114.2

103.1111.2104. 6117.5103.0119.5110.3104.5129 9127.3113.7106.6125.3119.8

110.594.2

120.991.084.0

102.5116.8106.9104.786.0

115. 7107.1118.093.255. 2

113. 5114.8107.4102.397.8

113.1111.5115.1107. 3112.894.768.893.2

111.556.983.6

122.4122.9126.3121.5134.1126. 4121.9132.9113.6136.4138.3122.3136.8118.2122.1117.4128.0138.3142.395.098.090.4

122.887.2

106.0

121.6114.7124.094.0

113.2

90.587.689.9

207.7

114.2103. 3111.1104.0120.2102. 1119.4110.9103.7130 3127. 5113.9106. 5125. 5119. 9

109.991.2

118.792.478.4

102.1118.3104.0104.185.7

115.5106.8117.693.253.2

113.1114.8

107.0100.497.8

111.0111.5115.1106.5113.194.769.092.9

111.453.385.0

123.5124.2126.7121.5134.3126.5122.0132. 5113.5135.6137.8123. 2137. 0118.2122.1117.7128.9138.0142.395.098.090.3

123.286.9

106.1121.6114.7124.091.3

113.2

91.087.690.0

207.8

114.4103.2111.3104. 1119.5103. 8119.7110.7103.8130 4127.6114.7106.2125.8119.9

110.391.8

104.790.383.1

103.9117.6104.6104. 591.4

115.6106.8117.893.053.8

111.0114.8106.8100.697.2

110.4111.5115. 2106.4112.994.768.892.9

111.455.783.8

123. 7124.7127.1121.5134.7126.5122.0132.6113.5135.8137.8123.7137.3118.3122.1118.3129.2140.3142.395.298.690.6

124.086.6

105.5

121.6114. 7124. 0

89.1113.2

90.787.489.8

208 6

114.7103.2112.1104.7121.9103.7119.9110.8103.6130 4127.9115. 5106.3125.4120. 3

110.589.598.786.779.4

103.1117.6106.0104.688.5

116.5106.0118.292.855.9

111.7114.8106.4101.596.1

108.9111.6115. 5106.5113.194.068.993.7

111.458.285.1

124.1125.1127.5121.5134.7126.7122.0136.7113.6143.1139.5125.3141.3118.3122.1119.0130.7143.4142.395.398.691.0

126.886.8

105.0

121.6114.7124.090.8

113.1

90.587.289.2

208 1|

114.5

103 4111.2105 7111.3102.9120.0110 8103.2130 5128 0115.8106.3125.4120 4

110.9

88.199.578.675.5

101.9115. 1107.8105. 086.3

117.5105.9118. 192.454.6

112 1114.8107.2102.296.6

106.8113.0116.0106.6114.389.268.9

93.8111.458.985.0

125.1126.4128.5122.4138.2127.7122.0139.5116.0144.9145.0126.1142.9118.6122.1119.7130.5148.7147.2

95.398.691.7

128.786.7

103.9

121.7114.7124.089.8

113.4

90.287.389.9

208 9

114 9104 6111 6106 5110 2103.5120.4111 2103 6130 5128 2116.6106.7125 3120 6

111.789.3

102.181.475.5

101.5114.4104.3106.887.5

118.5106.0118.292.455.8

112 0114.8108.0108.195. 5

107.8114.0116.4106.2115 289.469 394.0

111.460.985.1

125.7127.1130.0126.3140.5130.6122.0141.9117.2145.0154.2126.4143. 9119.8122.1120.5131.0151.7147.295.498.692.5

126.886.7

103.0121.7114.7124.090.3

113.6

89.587.089.6

208.7

114.9104 6110.8107.5108.5100.9120.8111.2104.4130 8128.7117.0106.7126.6120.6

111.686.892.982.471.8

100.2114.8105.0107.481.6

119.0

106.5118.992.358.2

112.3115.0108.0108.794.3

109.3114.2116.9106.1115.689.569.595.3

113.562.386.1

125.4126.8131.4126.7142.1130.7124.7142.4117. 3145.7153.9126.8144.3120.2122.1122.8131.2147.8147.2

95.498.792.8

123. 786. 1

102.8121.7114.7124.091.5

113.8

89.687.090.3

208. 2

115.0104 7109.8107 8109.097.1

120.9111 5104. 5130 9129.8117. 5106.8128.5120.6

111.2

84.1102.679.862.298.8

115.1105.9107.777.8

119.4106.6119.392.357.6

112 3115.0108.6109.094.3

110.8115.0117.2106.3116.489.869.596.4

115.460.287.7

125.0126.4132.5126.1142.4131.4126.5142.9117.4146.0153.9125.2144.5120.2122.1123.2131.7150.6151.895.699.093.2

120.885.8

102.8121.7114.7124.088.0

114.3

89.987.091.1

208. 1

114.7104 7109.5107 7110.794.6

120.8111 5103.4131 1130.2117.9106.8127.3120.6

111.3' 82. 9r95.6

82.759.398.2

115.2107.2

' 107. 975.3

••119.8' 106. 6

119.492.356.6

112.3115.8

' 109. 3109.4'93.8' 115. 5

115.6

••117.3' 105. 8

116.5'89.8'69.7

96.7115.461.188.4

125.1126.4' 133. 0' 126. 5' 143. 1' 132. 1

126.7143.9

T 117. 1r 147. 2

155.8125.4144.6120.2122.1123.6' 132. 6

151.0151 8

95.699.193 7

120.6r84. 8102.8121.7114.7124.0'88.8

'115.0

89.887.291.3

207 6

i 114.6104 1109.2107 3112.693.3

120.6111 7102.0131 4130.7118.5107.3126.8120.8

r 111.984.1

105.081.563.098.3

115. 1106.1108.175.7

r 120. 4

106. 3120.092.655.6

113. 1117.0

' 111.0109.9

r 94. 3r 121 1

117.2

' 118.0r 105. 6r 117 4

r89. 769 796.7

r 115.756.689.5

' 126. 3127.6

' 133. 3' 126. 8

143.2' 132. 4

126. 7r 145. 1'117.3r 149. 4

156.6' 127. 0T 145. 3

121.1127.1124.8134.6

' 148. 4151 8'95.7r99. 5

93 8120.5

r84. 2r 102. 6

121.7114.7124.0

89.6' 115.8

89.42 87. 3291.6

112 3

86 098.282 967 7

99 0115 4106 1108.8

76 1

120 5106.4119 991.954 4

113 0119 1111 1109.994 3

121 1117 5118.0105 6117 389 669 497. 1

115 858.289 9

126.7128.2

133. 5126.8143.5132.7126 7145.0117 1148 8157.2127.2145 6121. 1127. 1125 4135.0147 1151 896 099. 594 1

119 585.0

102 8121.7114.7124 0

88.6115.8

2 89 0

' Revised. 1 Index based on 1935-39=^100 is 191.6. 2 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 46.8 (January), 46.6 (February); consumer prices, 52.2(January); retail food 45.3 (January).

9 Includes data not shown separately, o*For actual wholesale prices of individual commodities, see respective commodities. §E£Fective with the January 1955 index, cosmetics andrelated products were transferred from drugs, etc., to the "other chemicals" subgroup.



descriptive notes are shownBUSINESS STATISTICS

s through 1954 andthe 1955 edition of

1955

Janu-ary

Febru-ary March April May June July August. Septem-


Decem-ber

1

Janu-ary

1956

Febru-ary

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY

New construction (unadjusted), total mil. of dol._

Privatc total doResidential (nonfarm) do

New dwelling units - _. -doAdditions and alterations do

Nonresidential building, except farm and publicutility, total _ _ ...mil. of dol_.

Industrial - -- do - _Commercial do

Farm construction - _ do -Public utility do

Public total doNonresidential building - doMilitary facilities __ doHighway doOther tvpes -. -- do .

New construction (seasonally adjusted), total doPrivate, total - do

Residential (nonfarm) doNonresidential building, except farm and public

utility mil. of doL.Farm construction do.- -Public utility do

Public, total .doNonresidential building - doHighwav . do

CONTRACT AWARDS

Construction contracts awarded in 37 States (F. W.Dodge Corp.):

Total projects -_ ._- number-Total valuation mil. ofdoL-

Public ownership - _ __do _Private ownership do

Nonresidential buildings:Projects _ __ numberFloor area thous. of sq. ft._Valuation _ __ . . mil. of dol

Residential buildings:Projects _ . -. numberFloor area thous. of sq. f t ._Valuation mil. of doL_

Public works:Projects . numberValuation mil of dol

Utilities:Projects numberValuation.-- mil. of dol._

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

Residential unadjusted doTotal adjusted _ - do

Residential adjusted do

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

Highway concrete pavement contract awards: c?Total thous. of sq. yd__

\irports - - doRoads doStreets and alleys . . .. . - _ do -

NEW DWELLING UNITS(U. 8. Department of Labor)

New permanent nonfarm dwelling units started:Unadjusted:

Total, privately and publicly owned.. .thousands..Privately owned, total do

In metropolitan areas _ ._ .. . do .Publicly owned _ do

Seasonally adjusted at annual rate:Privately owned, total do

Building construction authorized, all permit-issuingplaces:

New dwelling units, total thousands..Privatelv financed, total. _ . _ . _ _ ._do-

Units in 1 -family structures d®Units in 2-family structures . . doUnits in multifamilv structures do

Publicly financed, total do

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

Average, 30 cities 1913=100..\ tlanta doNew York . do. __San Francisco doSt. Louis do

2,815

2,0731,1221,030

71

54318618992

302

742342

78155167

3, 4222,4001,338

554123368

1,022388342

' 54, 385' 1, 485

480r 1, 005

4,22742, 768

565

* 48, 796r 69, 841' 671,355

979174

38376

214239260286

1, 295

7,1342,6002,7691,765

87.687.367.8

.3

1,416.0

2 r 77. 42 r 77. 02 r 68. 4

22.16.5.3

122.7

598649629545599

2,698

2, 0021.049

96068

54818719895

297

696320

77150149

3,4532,4381,348

582122371

1,015380339

58, 4561,581

4721,109

4,28441,861

534

52, 58374, 545

744

1,234248

35555

227263260295

1,085

7,2892,1343,6351, 520

89.987.964.92.0

1, 370. 0

78.876.867.92.56.32.1

122.7

599649629550600

2,989

2, 1931. 1851. 085

79

558186207103333

79634982

190175

3,4642,4641. 349

604121374

1,000370337

75, 5332,135

6771,458

5, 72951,925

759

67, 53998, 806

990

1,803273

462113

264307260291

1,987

9,5042,0213,9883, 495

113.8112.886.01.0

1,367.0

115.6114.7100. 5

4.010.1

.9

123.0396

600650630551601

3, 283

2,3671, 3191.190

106

563184214114357

91636198

270187

3, 5252, 5251.391

624120376

1,000360336

79, 1842,322

6761,646

6,13551,989

706

70, 088107, 850

1,070

2, 301342

660204

290336253286

1,449

8,4702, 8552,2793,336

132.0130. 595.41.5

1,350.0

119.3118. 5107.5

3.37.8.8

123.5

601650628553601

3,606

2,5471, 4301,270

133

592184236131378

1,059374106375204

3. 5812,5561,419

629119374

1,025362352

75, 8962,185

6751,510

6,10751, 736

726

66, 55897, 2481,011

2,610290

621158

296332245280

1,727

8,7601,2423 3054,213

137.6135 197.32.5

1, 362 0

120. 1117.4104.4

3.29.82.8

123.8

602654626553601

3,881

2. 7301. 5441.380

133

633190259141396

1,151382120430219

3, 5652,5451,420

621117374

1,020363339

75, 1412, 255

7571,498

6,21757, 218

843

65, 45995, 481

951

2,887382

57879

294320253290

1,882

9,292950

3,9664,376

134.8131.496.23.4

1,371 0

115. 1113.0102.2

2.97.92.1

124.6397

604654627556601

4.044

2,8291,5901,430

127

668199277148407

1 215387122480226

3, 5662, 5781.435

641116373

988344338

73 1302,272

7611 511

6,71564, 544

893

62 79994, 491

959

2 960332

65688

281301257296

1 684

5,787944

2 2372,606

122.6121 987.7

7

1 283 0

98.297.489.42.45.5.8

125.8

611664629568604 1

4,101

2,8581, 5871.435

119

686205286150421

1 243380129500234

3, 5682, 5911 433

658115373

977335334

64 1441, 895

5491 346

5 71547, 886

681

55 51482. 058

835

2 447299

46879

271277259278

1 240

9,346288

5 3213 737

124.7122 389 22 4

i 3io o

108 1106 395.32 78.31 8

126.2

613664641573605

4,086

2 8441,5611.410

119

714213303137420

1 242! 372

133510227

3.5732, 5991 422

679114372

974338327

57 6732, 035

6211 414

5 54049, 837

709

49 21172, 039

733

2 316368

606224

253258250256

1 786

5, 798490

2 2463 062

114.9113 682 2

1 3

1 251 0

96 395 386.12 27.01 0

126.5399

614665642575606

3,953

2,7651,5081,360

116

719218305112415

1 188353134485216

3,5262 5511 374

683112371

975329332

61 1351 863

5511 312

5 86349, 156

692

53 03376, 964

783

1 772277

467111

249246260252

1 526

5, 9991 0522 4132 534

105.8104 875 81 0

1 221 0

89 487 778.72 16.91 7

126.7

616665642577607

3,617

2,6321,4221,280

110

71722529694

388

985318115355197

3, 5182,5171 345

680111370

1,001334357

54 8561 797

5271 269

4 68646, 058

663

48 34673, 638

726

1 398280

426129

244243270252

1 369

7,1711 8953 3451 931

'89.2r 88 4r 64.0

g

1 192 0

r 70 1r 69 7'62.9

2 24.6.4

126.8

618666643578608

3,177

2, 4101, 2831,160

92

68322626983

351

767287106200174

3,4892 4861 326

669110369

1,003322367

.50 5511 921

7301 190

4 40749' 426

727

44 30270,440

711

1 394359

448124

244233301273

1 693

' 8, 9091 150

i 5 229i 2 529

75.072 252 52 8

1 187 0

57 356 250.11 84.41 1

127.0401

619666643580609

r 2, 842r 2, 124' 1. 079

'980'69

'•651'225r250

83303

' 718290'86

'170'172

' 3, 455' 2, 438' 1, 285

'664no369

'1,017330

'378

51, 9491, 858

6751, 183

4,14447, 895

661

46,31468,147

694

1,105356

386147

247242300290

1 593

6,9201 292

2 341

74.073 052 71 0

1 180 0

127.7

6226676445S2 |629 :

2, 705

2 01998188566

650229

1 25086

295

686279

81165161

1 3, 4612, 4361 258

691110369

1. 025332375

1 781

78.076 855 2

1 2

1 *>00 0

623667648586630

' Revised. i Data include some contracts awarded in prior months but not reported. 2 Revisions for December 1954 (thous.): Total, 77.4; total private, 76.0; 1-family, 66.3; 2-family 2.9.§ Data for March, June, September, and December 1955 are for 5 weeks; other months, 4 weeks,cf Data for March, June, August, and November 1955 are for 5 weeks; other months, 4 weeks.


S-8 SURVEY OF CURRENT BUSINESS March 1.9.-.G

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

aryFebru-

ary March April May

1!

June

)55

July August Septem-ber October Novem- Decem-

ber ber

19

Janu-ary

56

February

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES— Continued

Associated General Contractors (all types). 1913=100-.E. H. Boeckh and Associates:§

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

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

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

Residences:Brick do .Frame do. .

F. unmooring News-Record:c?Building 1947-49 = 100.-Construction do

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

CONSTRUCTION MATERIALS

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

REAL ESTATE

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount, _ .thous. of dol_.Vet. Adm.: Face amount do

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

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

By purpose of loan:Home construction doHome purchase do. ..All other purposes _ .. _. .. _ . _ do

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

Nonfarm foreclosures numberFire losses thous. of dol .

432

258. 8254.6257.7

266.4262. 5256. 2257.4246.0

258. 4252. 4

135. 9142.4

104.5117.7

252, 393622, 155

717

744

252326166

2,0242, 305

75, 265

432

258. 8254. 7257. 9

266. 5262. 6256. 3257. 7246. 1

258. 6252. 6

135. 9142.5

104.5116.7

226, 434566, 118

688

775

265340171

1,9582,189

85. 046

432

259. 0254. 9258. 6

266. 7262. 9256. 8258. 8246.3

259.3253. 5

136.2142.9

127.6

130.1136.4

269, 267531,647

702

1,026

386427212

2,4552,595

88, 197

434

260.7256. 2260.0

268. 5264. 5258. 1260.3247.4

260.7254. 9

136.8144.2

133. 5129.9

243, 346514, 998

754

1,016

380430205

2, 3572,447

78, 632

435

261.8257. 3261. 3

269.7265. 6259. 6261. 8248.3

262.3256. 4

137.4144.8

136. 2136.6

229, 813548, 510

821

1,069

395470205

2, 4832,457

71, 789

439

263.8259. 5263. 1

271.5267. 3261.3263.8249.8

263.9258.3

138.3145.7

125 5

154.2142.3

269, 487552, 928

1,017

1,157

418536204

2,6362.861

70, 828

443

266.1262.0264.3

274.0271.9262.3264.5257.5

264.9259. 1

141.4148.4

127.6119.6

230, 031520, 545

1,061

1, 054

371494188

2,4632,209

61,614

443

266. 7262. 6264.9

274.6272.4263. 2264.8257. 8

265. 6259. 6

141.7148. 5

144.1146.0

279, 312617, 282

1,187

1,171

416553201

2,6972,254

71, 103

441

267.8263.6265.7

275. 7273.3264.0265. 4258.5

266.3260.3

141.4148.8

129 4

149. 5139.7

274, 376589, 859

1,275

1,012

342503167

2,5222,294

65, 970

444

268.5264.4266.2

276. 3273. 8264.6266.4259. 0

266.8260.8

141.8148.6

145.0135.3

273, 493717, 334

1, 344

880

303426152

2,3872.207

58, 778

446

269. 1265. 1266.7

276. 8274.4265. 2266. 9259. 4

267. 4261.3

141. 6148.6

134. 9124.6

275, 334755, 018

1,364

782

261385137

2,3162.308

68,784

446

270.1266.1267 3

278 1275. 3265. 7267 3260. 8

268.0261.9

142.1149.3

131 1

132.0117.3

261, 480620, 173

1,417

746

253351142

2,1882.403

89, 212

452

271.2267 1268 4

279 4276. 3267.2268 1261 3

269.1262. 7

142.9150 2

280,660569 925

1 246

712

251316145

2, 059

96, 972

452

142 9150 2

DOMESTIC TRADE

ADVERTISING

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

Business papers do. ..IVTagazines doNewspapers . . doOutdoor do_Radio (network) _ _ doTelevision (network) 19-50-52 =100. .

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

Radio advertising:Cost of facilities total thous of dol

Automotive, incl. accessories doDrugs and toiletries doFoods soft drinks confectionery doSoaps cleansers, etc doSmoking materials doAll other do

Television advertising:Cost of facilities, total . do.- .

Automotive, including accessories doDruers and toiletries .. ... . .- ..doFoods, soft drinks, confectionery doSoaps, cleansers, etc doSmoking materials doAll other _ do

Magazine advertising:Cost, total _ do.. -

Apparel and accessories doAutomotive, incl. accessories doBuilding materials ..do. -Drugs and toiletries doFoods, soft drinks, confectionerv . doBeer wine, liquors do

Household equipment and supplies doHousehold furnishings . _ doInd ust rial materials doSoaps, cleansers, etc doSmoking materials . . _ _. .doAll other do

Linage, total. _._. thous. of lines..

182« 165

137« 182

144"60

" 294

140.9

10, 786822

2,5742, 3531,064

9573,014

33, 4463,5067,7277,7353,4533,3887,636

34,6481,8564,1771,3943,2895,2341,507

9131,2912,313

5061,055

11, 113

3,771

18116414018213261

304

158.6

10,215834

2,3412.3431,023

8832,790

31, 2793,2396,8357,3393,3333,2627,271

47, 4793,0254, 5232,3034,7807,3902,220

1,9131, 7263,0891, 0731, 350

14, 088

4,348

182167141186152

57300

191.0

11,239875

2,6442,5321,168

9653,056

34, 5743,7257,6577,9913.7283,6017,873

56, 9664,8525,3083,4474,9957,9162,472

2,9582,6573,675

9711,486

16, 229

4,794

179168145178149

54301

195.3

9,924775

2,3422,1421,046

9282,690

32, 7023,3877,4407,3743,5923,3487,562

67, 1335,2677,1124,1795,7387,6253,108

4,9993,5614,567

7911,362

18, 822

4,927

18616514818815654

311

202.8

10, 106845

2,3302,2311,095

9312.674

33, 4503,7737,5657,1823,7623,7147,456

66, 6115,4926,6213,9065,8677,3523,225

5,1313,8424,9831,0981,622

17, 472

4,548

19117214520114656

324

191.5

9,434928

2, 1292, 1251, 014

8212,416

31,7243,5117,7717,1853,5313,4686,258

53, 0832,9935,8153,1535,4007,0262,720

4,0121, 8604,208

6951,458

13, 742

3,402

19116414319015158

371

150.6

8,273829

1,6361, 750

712783

2, 563

29,9973,6708,7626,0693,4163,3544,725

37, 329918

4,5401,6904,2216.3882.084

1,748715

3.200492

1,27210, 063

3,395

19617915020314255

343

156.6

(n

30, 3453,3588, 6615,9473,8493,2035,328

40,8364,1973,7621,6993,7446,1391,888

1,6701,4963, 451

5401,369

10, 881

4,205

193184150191171

50338

191.5

33, 0453, 6208,0436,9224,1343, 4996,826

58, 6737,5153,6613,8484, 8457, 3472,354

3,6742,4934,469

8361,524

16, 108

5,032

18618714119015146

325

217.0

' 38, 0864,9369,363

'7,8364,3263,6527,973

71,0846,1935,9263,6106,2419,2233,555

4,9014,3095,680

9461,548

18, 954

5, 570

19716615920415646

338

219.2

r 38, 8524,9358,850

r8,096'4,411

3,7648,794

68,2954,8767,5042,2586,0648, 5334,148

4,7903,5164,943

7781,362

19,523

4,689

194178154186149

43338

163.0

39,3995,3998,7828,4274, 4323 8698,490

51,2493,8504, 5091,1024,8046,3005,062

2,7131,9903,771

5671,895

14, 685

3,669

159.9

4,114 4,664

r Revised. l Data are no longer available. ° Revisions for December 1954: Business papers, 160; newspapers, 162; radio (network), 59; television (network), 296.§ Copyrighted data; see last paragraph of headnote, p. S-l.d* Data reported at the beginning of each month are shown here for the previous month.t Revised series.




aryFebru-

ary March April May

19

June

55

July August Septem-ber October No ven i -

berDecem-

ber

IS

Janu-ary

56

Febru-ary

DOMESTIC TRADE—Continued

ADVERTISING- Continued

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

Classified . _ > . _ _ _ - do .

Display, total _ -- do\utomotive doFinancial doGeneral _ _ _ ^ . _ doRetail do

PERSONAL CONSUMPTION EXPENDITURES

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

Durable good s, total 9 doAutomobiles and parts -- do. _Furniture and household equipment. . _do_ .

Nondurable goods, total9 doClothin01 and shoes doFood and alcoholic beverages doGasoline and oil _ . -. _ do

Services, total 9 -- - -- - doHousehold operation doHousing do_ __Transportation - do_ _

RETAIL TRADE

All retail stores:Estimated sales (unadjusted), total mil. of dol_.

Durable-goods stores 9 _ _ _ _ _ d oAutomotive 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 doHardware stores __. _ do

Nondurable-goods stores 9 do. __\pparel group do

IVTen's and bovs' wear stores doWomen's apparel accessory stores doFamilv and other apparel stores _do.Shoe stores do

Drug and proprietary stores _ _ doFating and drinking places doFood group - do

Grocery stores doGasoline service stations do

General-merchandise group . do -Department stores, excl. mail-order c?1 doMail-order (catalog sales) _ . _ do ...Variety stores doOther general-merchandise stores , „ do - -

Liquor stores do

Estimated sales (adjusted) , total do

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.. . . doHardware stores do

Nondurable-goods stores 9 - doApparel group do

Men's and boys' wear stores. . ~. do. .. -Women's apparel, accessory stores do .Family and other apparel stores. doShoe stores do

Drug and proprietary stores _ _ doEating and drinking places. . do .Food group do

Grocery stores _ _ doGasoline service stations .. . .do. ..

General-merchandise group . . _ - - _ . . _ do ..Department stores, excl. mail-order . _ . . _ _ doMail-order (catalog sales) _ _ doVariety stores doOther general-merchandise stores.. do

Liquor stores- . ... . d o

196. 20450 842

145 3629 9804 516

24 785106 081

13,279

4 4822 6452,532

113

698410288

663493170

8 7976931492«4136125

4201 0133 3982,868

949

1 24467683

186299248

14. 864

5. 1432 8442,700

143

805488317

879647232

9, 722889184356180169

4251,0923 5603, 0071, 023

1, 654902106269377290

194. 39548 519

145 87611,0402 708

27, 748104 379

12, 762

4 5032 7072. 591

116

682405277

639480160

8 260602130247120106

394950

3 2532,742

873

1 17161185

190284240

14 765

5.2092 9902.841

149

810496314

836623213

9 556870188338183161

4121, 0853 5773 010

998

1,584849104254377277

242. 54957 756

184 79315,2923 530

34 414131 557

245 8

34 416 413.9

122.419 874.07 5

89 013.130 67 4

14,704

5 4303 3053,170

135

761456305

795599196

9 274796155328167146

4091 0263 5272 983

944

1 464796107219342256

15 060

5 4583 1693. 020

149

836496340

863645219

9 602867183334193157

4181,0833 6023 0531, 007

1,615861112258384277

243, 83459 996

183 83817,0793 382

33. 243130 135

15,622

5 7043, 4313,271

159

757466292

900672228

9,917986194384199209

4161 0803 6893, 127

988

1,650897

94278381266

15, 251

5, 5223 2023, 044

158

837504334

890661229

9 729889194342183169

4271, 1413 5252 9801, 023

1,677912104268393273

260. 38164, 921

195, 46018, 4993 278

36, 696136 986

15,468

5 8453,4093,252

157

809510299

998752246

9. 623878184352166177

4191 1363 5142, 9501 046

1, 58486699

243376268

15, 368

5,5073 1082, 955

153

826498329

955719236

9,860905197350188170

4281,1263 6363, 0691,026

1,676889111271404292

243 71861 286

182 43219 5413 203

34 2781°5 409

250 5

35 i16 614 2

125 320 575 9

7 7

90 213 431 0

7 4

15,734

6 1253 5363, 355

180

847522325

1 040'798942

q goS868197326167178

4251 1683 5913 0251 066

1 56')852102248363266

15 345

5 5703 1713,011

160

823503320

938707231

9 775878196338180164

4311 1403 63 53' 063l' 030

1 630877109208377296

212 27960 911

151 36815 2263 772

24 968107 402

15, 398

5 7203 2713, 080

191

825492333

973735238

9 678756160287156153

4341 2743 7613 1981 117

1 41274582

244342289

15 484

5 6403 1482. 963

184

887536352

923684239

9 844905193353190168

4391 1583 5613 0041 034

170958112276378294

219 75063 121

156 62915 9142 657

23 800114 259

15, 622

5 9803 4353,252

182

854514340

1 032*795237

9 642740144281165150

4321 9823 6173 0551 108

1 562833111955364287

15 662

5 7633 3633. 192

171

827492336

916684232

9 900892194339186173

4421 1653 6833 1141 026

1 671901113276381303

246 15462 714

183 44016 0543 007

30' 849133 530

255 7

36 918 014 7

127 020 477 5

7 7

91 813 731 4

7 4

15,905

5 9003 3673, 201

167

822490331

1 037786251

10 005910166342206197

4°51 2203 7663 2051 049

1 674920112266377302

15 840

5 840o* 004

3,214171

826497329

950705245

10 000895183346192173

4491 1673 6963 1331 033

1 711926110290385308

273. 07365 684

207 39019 7973 678

39 778144 137

15,824

5 5642 9642,786

177

909562348

1 047788259

10 260974193374227180

4371 2043 7053 1461 083

1 807993116282416312

15 777

5 7643 2803, 107

173

849517332

9637252'"? 8

10 013908183355201169

4471 1 593 6863 1211 042

1 691-)923110282378307

268, 51658 567

209 94920 0453 440

38 514147 950

15, 894

5 5393 0392, 866

172

927584343

958715244

10 35.598821938 °222165

43°1 1 263 6483 07H1 085

1 9561, 076

15829143°3 1 9

1 5 808

5 689'S 26 13, 090

171

838525313

935710225

10 1 1Q91619135420017°

4471 1643 728'} 1641 078

1 700914117286384306

242 54250 144

192 39812 5683 421

27 128149 281

257 2

34 816 014. 3

128.821 278.37.9

93 P>14.231 97 5

19, 268

6 1863 1182, 910

208

1 163*704459

947*«0317

13 0831 598

4026213539^2

5901 1824 1683 5421 104

3 010l' 617

'S3595616493

15 795

5 677•> 2333, 068

S73546327

929689940

10 1 18' 91°

1Q3379189 ]159 '

4591 1 58

*> T'>»;

3 i~61 l)83

1 67 -?

913115•>TV

370300

212, 20057,508

154, 69314, 2205 200

26, 955108 318

' 13, S*>6

4 690T 2 744

2, 626118

r 761462299

701526175

9 175r 7<> 1

161•X)0

143

r 4'V)r I j)X4

2 9H6f J (}!•">

1 ''7s693

SM

191*?05•>74

15 657

5 456

2. 8691 51

S695 1 'i3'?<>

938(599

10 ''01' 9^6

19C>

189

4651 171

'3 IXii

I 71493611*')

385318

1 3, 709

i 2 782

i 7^1

i f>2(>

i 4<v(i 1 o^f-,' 3 4K9l •) ()">()

1 Q~9

1 ] 9~2' 079

r Revised. l Advance estimate.9 Includes data not shown separately.cTCorrection: 1951 monthly average for combined department-store and mail-order sales (old series) shown in the 1955 edition of Br'sixESS STATISTICS should read $927,000,000.


S-10 SURVEY OF CURRENT BUSINESS March


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary


RETAIL TRADE— Continued

All retail stores— ContinuedEstimated inventories:

Unadjusted, total .mil. of dolDurable-goods stores doNondurable-goods stores _ . _ -do

Adjusted, total . _ _ , ._. ... ..do . .Durable-goods stores do

Automotive group _ . . d oFurniture and appliance group doLumber, building, hardware group do

Nondurable-goods stores do *Apparel 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 doFating and drinking places doFurniture homefurnishin°rs stores do

General-merchandise °roup 9 doDepnrtment stores doDry-goods, other general-merchandise stores

mil of dolVariety stores do

Grocery stores doL/umber buildinp-matenals dealers doTire battery accessory stores do

Fstimated sales (adjusted) total 9 do

Apparel group 9 doIVTen's and boys' wear stores doWomen's apparel accessorv stores doShoe stores do

Drug and proprietary stores doFating and drinking places doFurniture 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 doTire battery accessory stores do

Department stores:Accounts receivable, end of month:

Charge accounts 1947-49=100Installment accounts do

Ratio of collections to accounts receivable-Charge accounts percentInstallment accounts do

Sales by type of payment:Cash sales percent of total sales. „Charge account sales doInstallment sales do

Sales unadjusted total U. S t 1947-49=100

\tlanta doBoston doChicago doCleveland . -- doDallas doKansas City do

Minneapolis do .New York. _ - _ _ . d o - - _Philadelphia doRichmond _ . doSt Louis doSan Francisco do. -

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

Atlanta do -Boston . do,- _Chicago doCleveland do .Dallas . ... -doKansas City do •

Minneapolis doNew Y ork .. . _ , do . .Philadelphia, . . doRichmond doSt. Louis doSan Francisco - -_do. ..

20, 9709 700

11,270

22, 21010, 1603,6501,8502.330

12, 0502, 6502,3803, 830

2 316

126124841

605323

565267

80140

1 0835042

2 754

181156962635631

812393

114206

1,1276655

163276

4414

454312

91

106908887

r 111

94

80r 86r86

9192

r 98

r 120

' 138114116111

' 141124

112r 109* 114

133123

r 126

22, 01010 27011, 740

22, 36010, 3303,7701,8902, 310

12, a302,7102, 3503,820

2 255

113104437

575024

536240

73144

1 0715442

2 717

169156656635730

' 758357

107197

1,1647055

140268

4314

454312

88

107828483

10389

818283918993

112

134109109108129114

103101108122

! 114118

23, 52010 95012, 570

22. 59010, 4503.9001,8902,290

12, 1402,7702,3103,870

2 632

174146756

605632

687327

93170

1 1666149

2 778

178156861635730

802380

115205

1,1687055

132266

4815

444412

100

129909893

120104

8893

10111110197

115

133107114107134120

108105111129116118

23, 57011 28012, 290

22, 76010, 5403,9601,9102,290

12, 2202,8002, 3803, 830

2 906

212178179

645626

807389

116215

1 2536857

2 774

175157060665728

795379

112205

1,1706958

137267

4415

454411

114

141108114112136123

10899

109125118112

119

142108119116142126

107102115126122120

23, 39011 24012, 150

23. 00010, 750

4, 1301. 9202,310

12, 2502,7402,4203, 860

2 721

178157262

625831

760377

105186

1 1357556

2 825

181167161645728

800369

117211

1,1937355

139267

4515

454411

116

134111116110133119

108101114129120116

117

137111117113134120

107103115128120118

22. 84010 92011,920

23, 19010, 7804,1001,9502,330

12, 4102,7402,4503,990

2 778

176166664

626028

774378

110190

1 1648063

2 784

172156757645928

780359

113206

1,1847055

135266

4615

464311

110

121107112104120113

95100107118106113

114

136107114108132118

103104114123108118

22, 73010 85011,880

23, 37010, 8404.1601.9602,350

12, 5302,7702 5004,020

2 729

146116054

656227

706346

103181

1 2127769

2 809

179157260665930

814383

121205

1,1617160

125266

4314

454213

98

122829696

123111

897790

107102107

124

152114122124145136

111108121136132123

23, 08010 76012, 320

23, 35010 8504,1501 9602, 350

12 5002, 7302 5104.040

2 713

1439

6150

626330

781369

117192

1 1218464

2 836

177157059646029

819386

119210

1, 1917158

125268

4614

454213

105

12986

103104129117

1028292

112109118

118

143107115114139124

107106114134120122

23, 30010 39012, 910

23, 23010 7203,9701 9702. 380

12 5102 7602 4804 050

2 896

185126968

636227

827404

120200

1 2258157

2 875

181157061666028

839397

126215

1 2036960

137274

4515

444412

123

136120123116131127

119111124138122123

121

140112118116131127

112108120134119126

23, 89010 39013, 500

23, 29010, 7203, 9901 9602.380

12 5702 7802 5404 050

2 949

196177662

656333

874425

130212

1 2007859

2 820

182167260656030

800376

120205

1 1856859

148282

4715

444313

128

154115126125146131

126116125140135126

122

148114120120138125

109109120132122126

24,78010 93013, 850

23, 59011,0004,2501 9802,360

12 5902 7602 5704 080

2 994

201207859

636035

938428

141224

1 1757058

2 898

189167364666229

833388

121216

1 2086959

163296

4715

444412if,

148

165141147147155142

126139159164149145

122

142116121118136124

110110121134124125

' 22, 44010 410

* 12, 030

r 23, 900r 11 230

4 4701 9702 380

12 6702 7202 5704 170

4,029

31633

12891

99B333

1 470692

221456

1 4175885

2 916

185167460706298

820384

120208

1 2406960

217333

4615

4643

'' 11

212

• 255: 206• r 9Q4: 205

r 246r 211

' ' 180i 194

213r 237'208

217

r 123

147114121119

' 146124

i 110110122

' 13 2125123

22, 76010 84011, 920

24, 08011,390 '4,680 11,980 !2,340 !

12,6902, 6602, 60i)4,170

2,449

128114843

625625

596281

87144

1,1455344

2, 937

184147066676033

861417

124213

1,2187159

178330

4314

454213

»>95

v 114p87?92x > 9 1

P114*>94

P83"90p90p 95*94

P 100

••124

148111121117144123

117114120138126129

i- 93

» 119

T Revised. *» Preliminary. 9 Includes data not shown separately.I Data for 1946-55 have been revised to reflect current seasonal patterns and to .allow for changes in the samples used in computing the unadjusted indexes. Revisions beginning with 1946

for total United States appear on p. 24 of the October 1955 SURVEY; unpublished revisions for the districts are available upon request.


Mnrch 1056 SURVEY OF CURRENT BUSINESS S-ll


aryFebru-

ary March April May

I1

June

)55

July August Septem-ber October Novem-

berDecem-

ber

19

Janu-ary

56

Febru-ary


RETAIL TRADE— Continued

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

Unadjusted 1947-49=100Adjusted . . do

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

Montgomery Ward & Co _ do_ ._Sears, Roebuck & Co do

WHOLESALE TRADE

Sales, estimated (unadj.), total mil. of doL.Durable-troods establishments doNondurable-goods establishments do

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

' 111»• 124

'266,318r 53, 462212,856

8,6902,7205, 970

11,7405,6506,090

117123

r243, 149T 52, 573190, 576

8, 4502,8005, 650

11,7705, 8505, 920

127124

319. 24976, 420

242, 829

9.7003, 2706, 430

11,6205, 9405. 680

129124

376, 04988, 607

287, 442

9, 1403, 2205, 920

11.5706. 0005, 570

127123

370, 49184, 767

285, 725

9, 3203, 2706. 050

11,5506, 0605, 490

121127

377,03183, 922

293, 109

10, 1103,4506, 660

1 1 . 5206 0405, 480

119127

347, 36274, 182

273, 179

9. 6603 1906 470

11 6605 9505 710

126129

380, 96787, 181

293, 786

10, 5403 5706 970

11 8705 9705 900

135129

391,25892 071

299, 187

10,7303 6407 090

">2 1806 0006 180

145129

414, 465102, 795311, 670

10, 5003 5906 910

12 6006 0606' 540

148131

431,702110, 174321 , 527

10,6003 5307 070

12 6206 0606* 560

119r 134

570, 391146 155424, 236

«• 10, 1803 410

T 6 770

12 2906 0806 210

r 122"137

286, 60758, 523

228, 084

9, 3603 1306 230

12 4806 2806 200

279, 77062 142

217,628

EMPLOYMENT AND POPULATION

POPULATION

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

EMPLOYMENT

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. ..Non agricultural employment do

Unemployed . . . _ do-__

Not in labor force . . _ - _ . do

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

Manufacturing _ . do - . _Durable-goods industries _ __ doNondurable-goods industries do

Mining, total doMetal do-~Anthracite doBituminous coal - _ _ do.-Crude-petroleum and natural-gas production

thousands- .Nonmetallic mining and quarrying _ - _ _ do

Contract construction - doTransportation and public utilities 9 do

Interstate railroads doLocal railways and bus lines doTrucking and warehousing * doTelephone _ _ _ . doTelegraph d o - _ _Gas and electric utilities do

Wholesale and retail trade doWholesale trade doRetail trade $ do

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

Finance, insurance, and real estate doService and miscellaneous? do

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

Government do

Total, adjusted cf doManufacturing _ _ do

Durable-goods industries doNondurable-goods industries. -- do

Mining doContract construction tf doTransportation and public utilities doWholesale and retail trade doFinance, insurance, and real estate doService and miscellaneous doGovernment cf do

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

Durable-goods industries _ doOrdnance and accessories do

163, 930

116,855

66, 700

63, 49760, 150

5, 29754, 8533,347

50,156

47, 74115, 9259, 1136,812

7419443

211

294100

2 2373,9271 153

122724693

41553

10, 4192,8177 6021,3271,462

749

2,1245, 533

456326153

6 835

48 40415 9939 1246, 869

7412 4863,974

10, 5742, 1455, 6466 845

12, 5237 182

96

164, 158

116,901

66, 550

63,32159, 9385, 084

54. 8543, 383

50, 352

47, 75316, 0609,2206,840

9440

210

293100

2. 1693, 9371 152'121732696

41553

10, 3092,8067 5031,2691,467

749

2.1325, 536

462324150

6 873

48 17016 0919 2116, 880

7412 4513,984

10, 5412, 1545,6496 859

12, 6497 282

94

164, 367

117,051

fifi, 840

63. 65460 477

5, 69254, 7853, 176

50,212

48 21216, 2019 3236,878

7399538

208

296102

2 2553,9661 157

12174470041

554

10, 4082 8137 5951, 3051,471

755

2,1505,571

463325154

6 922

48 76016 2299 3006.929

7392 4833^986

10, 6332,1615,6566 873

12, 7787 375

94

164, 595

117,130

67, 784

64 64761 6856,215

55, 4702,962

49, 346

48 64316, 2559 4186,837

7399737

205

295105

2 3993, 9391 1 59

12074866742

554

10, 5492 8047 7451,3721.478

763

2, 1615. 674

480329157

6 997

4S 88216 3809 4056, 975

7432 5023,946

10, 6002,1615,6746 876

12,8167 457

91

164, 799

117,236

68, 256

65 19262 703

6, 96355, 7402,489

48, 979

48 91816, 3349 5016, 833

7429734

208

297106

2 5263,9971 196

120755674

42557

10, 5342 8017 7331,3421,487

768

2, 1715, 733

' 488333160

6 881

49 'M216 5459' 5237, 022

7492 5394, 000

10, 6552,1715, 6766 907

12, 8827 530

90

165, 023

117,318

69, 692

66, 69664 016

7, 68156, 3352. 679

47, 626

49, 50816, 5779 6246, 953

7609937

211

306107

2 6154, 0811 224

11876071542

565

10, 6432 8267' 8171, 3491,503

777

2,2065, 775

514338161

6 851

49 51416 688q (5277, 061

7569 5144, 064

10.7112,1845, 6906 %7

13, 0867 630

89

165,248

117,404

70, 429

67 46564 994

7 70457, 2912 471

46 975

49 42016 4759 5116,964

7499035

209

308108

2 7014,1131 240

11276272742

571

10, 6332 8587 7751,3131,506

785

2, 2375,816

574339156

6 696

49 63816 6359 6187,017

7572 5464,082

10, 7652,2045,7306 Q1Q

12, 9517 499

89

165, 495

117,517

70, 695

67 72665 488

7 53657, 9522 237

46 823

49 85816 8079 5787, 229

7549335

208

309109

2 7464, 1371 246

11377373142

572

10, 6382 8637 7751,3151,499

788

2, 2415,818

575338151

6 717

49 71816 6619 6157. 046

7472 5iQ4, 106

10.7972,2085,7326 948

13, 2627 553

88

165, 762

117.634

69, 853

66 88'}64 7^')

7 87^56, 8582 149

47 781

50 3°216 9159 6457,270

75810031

°09

305110

2 7484,1521 24°

11679172842

566

10, 8242 87°7 94 51, 3951,516

785

2 2235| 791

509336155

6 911

49 83516 691q' (y;$4

2 ^374, 135

10, 8242.2235, 7056 966

13, 3737 62^

K7

166,022

117,749

70, 250

67 99265 161

7 90557. 2562 131

47 499

50 47116 9999 7627,237

75110035

209

299108

2 6854,1271 ^36

11580071543

561

10, 9092 9098 0001,4441.527

785

2, 2165, 730

472334157

7 054

49 9 501 n' 009

Q 7'-Ui

7, 086

2 c 1 9

4.11610, 8012,2275,7306 QQ1

13,4467 ^90

«4

1 6(1 280

117,864

70, 164

67 20664 8076 920

57, 8879 398

47 701

50 6°917 049q §677,182

754100

r 35

211

'302107

2 5804,1431 99*i

115809

r 735

42560

11,1269 942

1,5701, 555

790

2, 2135, 690

461333156

7, 136

4,13210, 8682,2245,719

13, 498

fi4

166, 512

117,995

69, 538

66 59264 1655 884

58, 2812 427

48 457

T 51 311r 17 Q26

r 9 88()' 7', 137

754r 100

3621°

302104

r 9 422' 4, 165

11481570042

Ken

r 11, 7532 959

' 1,953' 1, 587

r802

'2,219' 5, 657

458001

153

' 7, 120

750

r 4, 154r 10, 946' 2, 230«• 5, 714

r 13, 464

C1

166, 738

118,080

68, 691

65 77562 8915 635

57, 2562 885

49 388

r 49 ^21r lg' 83S

r q 813' 7, 025

r 74>T

•f ]()()•}(\

r 9H

297T 1Q3

r 9 9^W

' 4, 096

114707

49

' 10, 850, 9 Q1 0

' 1, 388•• 1. 560

-783

<• 2, 210' 5, 602

453

152

' 7, 082

T 747r 2, 509' 4, 145' 11, 012' 2, 232' 5, 716

' 13, 281

09

166, 966

118, 180

68. 396

65 49062 576

5 46057, 1079 914

49 784

P 49 446v 16* 778

P q 744v 7, 034

n 74.7p 100

r, 91 q

p 1QO

r> 4, 089

p 10,720

T 1, 323•p 1 . 560

v 778

v 2, 222p f l , 611

p 50, 179

P 7, 076

P 751

v 4, 138f 10, 962

p 2, 244P 5, 726

P 13,204v 7, 687

n Q1

r Revised. » Preliminary. \ See corresponding note on p. S-10.eBeginning July 1955 estimates relate to the calendar week which contains the 12th of the month (except December 1955 estimates which cover the week of Dec. 4-10); earlier data relate

to the calendar week containing the 8th of the month. 9 Includes data for industries not shown.New series. Figures relate to establishments primarily engaged in local or long-distance trucking, transfer, and draying services or in the storage of farm products and other goods

cf Keliects preliminary revisions for seasonally adjusted estimates of total employment and the construction and Government divisions; revisions beginning January 1953 \\ill be shownlater.




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

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

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

thousands. -Sawmills and planing mills ~do_ . _ .

Furniture and fixtures doStone, clay, and glass products . _ _ d oPrimary metal industries 9 do

Blast furnaces, steel works, and rolling millsthousands.. _

Primary smelting and refining of nonferrousmetals thousands

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

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

Automobiles __ . doAircraft and parts doShip 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 doCanning and preserving doBakery products doBeverages do

Tobacco manufactures _ . doTextile-mill products 9 -- - do .

Broad-woven fabric mills doKnitting mills - do

Apparel and other finished textile productsthousands-.

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

Printing, publishing, and allied industriesthousands. _

Chemicals and allied products doIndustrial organic chemicals do

Products of petroleum and coal doPetroleum refining _ do

Rubber products doTires and inner tubes do

Leather and leather products do _ _Footwear (except rubber) do

Production workers in manufacturing industries, ad-justed:

Total - . _ -thousands _Durable-goods industries doNondurable-goods industries _ do

Production workers in manufacturing industries :Indexes of employment:

Unadjusted 1947-49=100.-\djusted do

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

United States, continental thousands. .Washington, D. C., metropolitan area do

Railway employees (class I steam railways) :Total thousandsIndexes:

Unadjusted 1947-49=100Adjusted _ _. .. __ 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 _ hoursDurable-goods industries _ _ _ _ _ do

Ordnance and accessories ._ -do .. _.Lumber and wTood products (except furniture)

hours-.Sawmills and planing mills . do

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

Blast furnaces, steel works, and rolling millshours- -

Primary smelting and refining of nonferrousmetals.- _ - . _ - ... hours

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

Machinery (except electrical) do

631350293430

1,013

498

53

8341,109

8001,400

73052310438

217360

5,3411,007

25672

135168107

91977444192

1,069437221

51253420716913220985

336225

12, 5867,1915,395

101.2101.8

2,113.2206.1

1,037

78.277.5

141.5

40.240.940.0

40.740.740.540.640.4

39.7

40.6

41.140.8

639353296434

1,032

508

53

8441, 125

8031,426

75052310641

216371

5,36798525073

125169105

89985446196

1, 101437222

51253520917013220987

345228

12,6737,2695,404

102.3102.5

2, 116.4207.0

1,033

78.078.1

144.4

40.441.140.5

40.841.241.340.640.6

39.8

40.4

41.241.0

634355298442

1, 057

520

53

8601,144

8031,447

77352010840

219377

5,403991248

74128169109

83985445197

1,110439222

51654821217213321287

347227

12, 7987, 3505,448

103.3103.5

2, 122. 1207.5

1, 035

78.178.7

146.6

40.641.440.6

40.841.141.341.340.9

40.2

40.5

41.441.4

651360297450

1,076

531

54

8681, 164

8041,462

78951810741

218376

5, 3591,011

24678

142169114

80983446196

1,057441223

51655121417313221189

337222

12, 9347,4435,491

103.6104.6

2, 127. 4207. 3

1,040

78.479.5

146. 7

40.341.240.6

40.440.640. 341.341.2

40.5

40.6

41.241.6

683373298456

1,096

544

54

1, 174809

1, 45678950910942

211379

5 3521.035

25183

149171118

80965431197

1,041444223

51655021517513421690

331218

13, 0817, 5495,532

104.1105.8

2, 132. 9207.7

1,081

81. 680.5

150.1

40.841.640.8

41.041.740.741.841.6

40.9

40.7

41.642.1

727389300466

1 115

557

55

8841 182

8161 447

78250311341

220385

5 4561,089

25589

183174122

82974433202

1,058451226

52154521717613521991

342225

13, 2007,6345,566

105.8106.7

2, 157. 4211.3

1,109

83.781.9

152.1

40.741.240.9

41.842.541.641.941.5

41.0

40.5

41.342.1

720387298460

1,098

560

44

8631,160

8021,420

76150210842

219372

5 4521,150

25790

233174129

79954429194

1,025448227

51854221917713521692

342225

13, 1197, 6095,510

104.7106.1

2, 161. 3211.9

1,121

84. 682.8

151.0

40.440.940.3

40. 540.940.641.340.6

40.1

40.5

41.241.4

731393313472

1 112

564

51

8771 155

8181 379

72250110543

220388

5 7091,250

25988

327172127

105986440206

1,101459229

52054321817613421791

351229

13, 1277, 5925,535

107.2106. 1

2, 164. 5211.5

1 126

85.083.5

154. 6

40.641.140.4

41.542.142.041.940.5

39.9

38.8

41.641.6

726387320479

1 134

568

55

8941. 149

8551 357

68951010346

223400

6 7501. 245

26383

325173122

114989438208

1.115462229

53055321817413222392

346224

13. 1607,6145,546

108.1106. 4

2. 146. 9209. 2

1 122

84. 784. 5

158. 7

40.941.441.0

41.041.442.341.941.8

41.4

41.4

41.842.1

716381323478

1 135

559

55

9041 194

8851 378

71151210146

225407

5 7171,191

26578

260175120

113991439210

1,123464229

63565721817213022692

344222

13, 2707,7015, 569

108. 7107.3

2, 146. 1209.6

1, 115

84.286.0

161.2

41. 141.741.0

41.141.542.441.941.6

40.6

41.2

42.242.3

696'372

323477

1,151

' 564

55

9121,213

8701, 484'811

5199946

225405

5, 6591, 130'269

75'201

175'116

101998

'441211

1, 135465

'232

539557

••218171

'13023194

332211

13, 4127,7975, 615

109.1108.4

2, 142. 2209.6

1,107

'83.6' 85. 5

163.9

41.2'41.8'41.3

' 40. 4'41.4'42.0

41.6'41.6

'40.7

41.1

'41.942.4

66536232!

r 470<• 1. 160

568

55

' 908r 1, 236

'872' 1,511

82552510448

'226' 395

'5,617' 1,071

27073

159175112

'97'999

443207

' 1, 139'463

231

537'559

22017013023495

'348228

' 13, 399' 7, 803' 5, 596

' 108. 9108. 3

'! 2, 41 0.0' i 214.6

1. 103

"83.0r 84. 8

' 163. 9

41 3' 42. 0

43. 3

41.041. 842.3

' 41 9'41 9

41.3

41 4

'41.9' 43. 2

(538354

'318' 465

r 1 , 1 f 52

568

' sin' 1, 249

" 859' 1, 495

80552910649

22(5'381

'5.515' 1,012

26471

139170106

'92' 991

443202

' 1, 123457228

529' 561

221' 169

130' 233

95' 348

' 13, 341' 7, 770' 5, 571

' 107. 4' 107. 9

2, 130. 1207. 6

1,080

9 81. 2p 80. 5

'158.9

40. 6' 41. 2' 4 1 . 2

' 40. 540. 7

' 41.0' 41 1

41. 8

41.7

41 5

41.142.7

p G40

» 320» 4(>2

p 1 , 1 59

" 877r 1, 259

"854P 1, 423

P 226' 38G

v 5. 517* 996

r 90p 987

P 1. 145f 454

p 529p 501

P IC'.S

" 229

" 3,53

v 13,225

» k 552

" lOfi. 8* 100. 9

1 074

'SO 7p H). 0

* l.")8 0

P 40 fi' ' 4 1 2" 4 1 . 8

* 40. 2

p 4d Pf 41 3p 41 1

P 41.5c 42. 7

r Revised. v Preliminary. 1 Includes temporary Post Office employees hired during Christmas season; there were about 280,000 such employees in continental U. 8. in December

9 Includes data for industries not shown.


Mnrrh 1!>">6 SUEVEY OF CURRENT BUSINESS S-13


1955

Janu-ary ™™- | March April May June July August Septem-


Decem-ber

1956

Janu-ary

Febru-ary


ONS— Continued

>rkcr, etc. — Continuedes, etc. — Continued—Continued... hours -

ent 9 do_do

ng and repairs do.. .do_- -

d products doustries do

ries doucts 9 do

dodo

ing .. ... _ dododo......

do--do

nills do._. do

bed textile productshours.,

cts. .. -. do...>er board mills dond allied industries

hours,roducts doemicals doand coal do

do

> doxlucts . . - d o)ber) doies:

do. ..dodo.

latural-gas production:al-gas production . .hours. .d quarrving. _ _ _ _ d o

doon _ _ ... - .do_ -..

doic utilities:lines do

do- _ .do....

s. .-doe:

.. . ....do. -ing and drinking places) 9

hours ..stores do

>.s ...dossories dealers do . . .s:

dodo

ants ..do......

nd lock-outs) :

number. .thousands

nil in bo r.thousands .

)nth _ do

lacement activities:s thousandsn, State laws (Bureau of

._. .. .. thousands .Bekly average do

raged1 dothous of dol

Dwances:_ thousands. _

eekly average . doge do

thous. of dol. .

iring establishments:V rate per 100 employees-..

do

do....do....

us do

40.342 143 041.539 440. 140.240.2

39 340 841 743 337.740 439.4

37.739 639.937 4

36.042.343.7

38.241 140.740 840.941 341 137.937.5

42.831 937. 1

41.742.435.436.835 1

42. 538.941.340.9

40.4

38.935.338.044.0

42.140 039.0

22550

32580

400

397

1,5191,962

1,670170 882

4492

10510, 198

3.32.9.2

1.51.0.3

40 442 443 841.139 539 440.540.5

39 540 540 043 338 240 539.7

37 040 040 138 2

36.742 543.8

38.441 240 840 240 241 340 738 838 5

42 036 337 8

39.941.635. 337. 934 7

42 939 041.340 9

40 3

38.935.137.944.2

41 839 838.0

25090

380125570

373

1,0381,880

1.694165 469

3595

11110, 224

3.22.5.2

1.11.0.2

40 542 744 341.339 639 540.540.6

39 740 540 543 238 040 440.2

37 640 040 138 4

37.142 844.0

38.841 441 040 740 441 040 338 538. 1

41 631 936 9

40.143. 636. 639. 635 9

42 839.041.540.8

40. 3

38.835. 237. 644.2

41 740 239.2

300165

450220

1 600

453

1 0051,657

1.000178 762

3388

10711,337

3.63.0.2

1.31.3.2

40 642 143 540 739 640 040.340.1

39 040 340 043 037 740 340.5

36 438 739 1

35.642 543.7

38.541 340 941 040 741 842 436 636 0

41 128 837 2

40.243 936.038 235 4

43 039 442.040 9

40 3

38.634.737.644.2

41 640 339.7

325210

500310

2 600

480

1 0091,471

1,345135 779

256986

8, 423

3.53.1.3

1.21.5.2

40 842 744 341 039 940 140.640.5

39 641 141 343 838 341 i40.7

38 839 540 037 5

36. 342 944.0

38.741 341 041 441 o42 049 i36 736 0

42 230 837 4

41.245 337.440 236 7

43 339 842.341 0

40 6

38.834. 637.744.1

41 240 84LO

375170

575310

2 600

549

9101 , 263

1 136117 402

255566

6, 739

3.83 2.3

1 l1.5. 2

40 640 340 041 039 840 740.840.5

39 941 541 344 o39 341 440 7

39 439 840 038 1

36.643 044.1

38.741 441 141 240 642 343 137 937 5

42 235 139 0

40.145 337 741 236 7

43 939 442 341 1

40 6

39. 135.438 344 2

41 340 440 1

500500

700650

3 400

548

8981,121

1 057108 861

405664

6,606

4.33 2.3

1 21.5.2

39 841 742 541 239 140 540.239.7

39 741 941 744 839 741 442 2

38 339 640 337 7

36.043 144.5

38.741 940 941 340 841 349 737 737 4

41 235 538 2

40. 845 438 242 137 2

43 240 042 241 4

40 9

39.735. 939.144 1

41 340 639 2

425750

650900

3 200

514

9691,092

9249 1 602

325968

6, 764

3.43 4

31 31 6.2

40 641 141 541 039 140 940.640.3

39 941 141 643 739 240 941 4

39 9

40 240 738 6

36.943 ?44.4

38.941 240 841 040 441 342 i38 338 1

42 133 537 5

40.145 837 741 636 7

43 340 242 441 6

40 6

39.635.739 143 8

41 640 038 5

450

650380

3 000

603

877961

83992 834

376070

7,681

4.54 0

31 32 2.2

40 341 241 341 439 540 841.240.9

40 141 742 943 539 941 *?40 9

40 440 ~i41 o38 5

36.843 644.5

39.341 541 141 340 841 541 437 236 3

42 8r o*j 9

36 5

40.845 938 549 g37 4

43 040 142 441 4

40 7

39.135.038 444 o

41 940 340 3

400240

600430

2 800

692

725858

76383 1 69

244762

6, 528

4.44 4

31 i2 8

2

41 641 541 941.539 039 841.441.3

40 341 642 g42 939 941 o40 0

41 040 g41 239 4

37.243 544.6

39.141 540 841 641 44^ 042 037 636 6

42 8r 35 7

37 4

41.045 637 441 436 3

42 439 942 241 Q

40 7

38.734.838 143 7

41 540 640 2

4002°5

600320

2 600

587

794784

67270 091

203542

4,243

4. 13 5

31 21 8.2

r 41 6' 42 7r 44 1

' 41 638 240 341.5

' 41. 1

40 3r 41 5

r 44 5r 42 5' 36 5r 40 9

39.9

38 441 241 639 6

r 37. 0r 43 5'44. 9

39.1r 41 7

r 41 3

r 41 0

r 41 0

r 42 4r 49 0

37 937 0

r 42 4

32 9r 30 1

' 40. 4r 44 g

r ^5 5

r 3g 5

34 7

42 9r 40 2

41 941 5

r 40 7

r 38. 534.5

r 37 g

r 43 7

r 41 (•)

r 39 5

*>2590

475190

en A

937863

685

273740

4,132

3.33 1

31 21 4'.2

r 41 .r,r 41 9

42 142.239 741.241.441.2

40 441 844 542 638 340 839. 9

r 39 241 241 838 f}

37.143 g45. 1

' 39. 641 841 441 041 0

r 41 339 839 138 8

42 934 639 6

40.444 036 739 536 1

43 739 742 o41 4

40 8

39.437.137 944 0

41 640 539 6

17550

350

2 000

1 1931. 123

861

394751

5, 230

'2 .5r 3 0

9

1 41 1.2

r 40 9r 40 6

40 141.639 040. 5

' 40. 8'40.5

r 39 g

41 443 542 738 640 539.7

r 38 3r 40 4

41 037 9

'36.443 245.0

- 38. 6r 41 4

41 °r 41 1

41 2r 40 9

40 9' 38 8

38 8

43 035 138 6

42.143 036 038 535 5

42 439 441 741 4

40 6

38.735. 237 143 9

41 540 339 3

250ojr

OC/-Y

1902 000

1 349' 1, 466

1 200

365866

6, 726

* 3. 3p 3 6

P 3P 1 7j> 1 4

p .2

v 40 6P 40 7

*41. 1*> 40. 6

P 39 gP 40 6

P 37 7p 40 5

*> 37. 3p 49 9

^38.4p 41 '4

4fi fiP ' "

v 4H 1

v 38 9

Vi~508

r Revised. *> Preliminary.9 Includes data for industries not shown.d"Beginning 1955 includes data relative to UCFE (January 1955 initial claims, 29,000; beneficiaries, 2,700; benefits paid, $307,000).


S-14 SURVEY OF CURRENT BUSINESS Mnn-h 1950


aryFebru-

ary March April May

19

June

55

July August Septem-ber October Novem-

berDecem-

ber

ID

Janu-ary

56

Febru-ary


WAGES

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

All manufacturing industries dollarsDurable goods industries do

Ordnance and accessories doLumber and wood products (except furniture)

dollars..Sawmills and planing mills do

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

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

dollars ..Primary smelting and refining of nonferrous

metals dollarsFabricated metal prod, (except ordnance, ma-

chinery and trans equip ) dollarsMachinery (except electrical) doElectrical machinery ..do _.

Transportation equipment 9 doAutomobiles doAircraft and parts . ..do_.Ship and boat building and repairs. . - - _doRailroad equipment do

Instruments and related products doMiscellaneous mfg industries . do

Nondurable-goods industries - - . _ do _Food and kindred products 9 do

Meat products - doDairy products _ . - _ . _ do_.Canning and preserving doBakery products - - doBeverages do

Tobacco manufactures doTextile-mill products 9 do

Broad-woven fabric mills doKnitting mills do

Apparel and other finished textile productsdollars ..

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

Printing, publishing, and allied industriesdollars _ .

Chemicals and allied products .doIndustrial organic chemicals do

Products of petroleum and coal do.Petroleum refining do

Rubber products . . . _. doTires and inner tubes do

Leather and leather products doFootwear (except rubber) do

Non manufacturin g industries :Mining:

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

Petroleum and natural-gas productiondollars..

Nonmetallic mining and quarrying doContract construction do

Nonbuilding construction ... doBuilding construction do

Transportation and public utilities:Local railways and bus lines. doTelephone doTelegraph _ _ _ _ . _ _ . . . . . _ _ d oGas and electric utilities do

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

dollars ._General-merchandise stores doFood and liquor stores do.. .Automotive and accessories dealers do

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

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

r Revised. *> Preliminary.9 Includes data for industries not shown.

73. 9780. 1681.20

66.3466 7563.9973. 49

87.26

90.12

81 61

80 1582.8274. 56

92. 6296. 7588.8182.7487.82

75.1765. 93

66. 0270. 1879. 6570.5854. 6768.2877.62

50. 1454 2552. 6749 37

48.6075.7282.16

88.2479. 7384.25

93.0296.9383.8497.4152.6849.88

90.3176.8892. 01

95.4975.0591. 6985.0193. 02

78. 6369. 6376.82S4. 25

75. 14

57. 5741. 6561. 1875.68

58. 97

41.2640. 4046. 41

74.7480.5682. 22

66.5067 5765 6773. 49

87.29

89. 95

81 20

80 3483.6474.74

93 2898.9987. 9582. 9585. 89

70 1466. 42

66.3670 0776.0071.4556. 1568. 8578.61

49. 5855 2053. 3350 81

49. 5576.0882.34

89.4780. 3484.86

91.2594.8784.2596.4653. 9351.59

88.2094 7494.50

89. 3874.0591. 4388. 3191.96

79. 3770. 9876.8284. 66

74 96

57. 5741.0761.0276. 91

59. 02

40. 9640. 2045.22 i

75 1181 5682 42

66. 1066 9Q65 6774. 75

88. 34

91. 25

81 41

80 7384 8775. 33

94 37100 5688. 3882.7684. 14

76 146fi 58

66.7070 0777 7671.2856 2468.2880 00

51. 5154 8052. 9350 69

49.7177.0483.16

90.7980. 3285.69

93. 6196.9683.6495. 5153. 5251.05

87.7880.0791. 88

91. 4377. 1794 0691.4894.42

79. 1870 2077.1984. 05

75 76

57. 4241. 1860. 5478. 68

59.08

40. 45 '40.6047. 04

74 9681. 5882 42

67. 0667 4064 4875. 17

89. 40

92. 34

81 61

80 3485 7075. 52

92 6297.8887.1083.1688.00

75 7665 76

65.9170. 1276.0070. 9557. 6868.1181 41

50. 6053 0252 0047 92

46. 9976. 9383. 47

89. 7181. 3687. 12

95.9499.7286. 53

102. 1851.2448. 24

86.3174.8893.00

93.6778. 5892. 5289. 3993. 10

79.9871. 7178.5484. 66

76 17

57. 5140. 6060. 5480. 00

59. 00

40. 3540. 7047. 24

76 3082 7882 82

68. 4769 6464 7176 91

90 69

93. 66

82 62

81 5487 1576. 30

94 79101 0088. 1 583. 3988. 62

75 9266. 83

67.3271 5179.3072.7156 6869.8782 21

54 7154 5153 2049 50

47.9277. 6583. 60

90. 9581.7786. 51

97.70101 2787. 36

101.8851.7548.24

89. 4677.6293. 87

96.4181.9996. 1294. 0796. 52

80. 5472.8379.5285. 28

77 14

58. 2040. 8361. 0781. 14

58. 69

40. 7941.6249. 61

76 1181 9983 44

71.9073 1066 9877. 52

91 30

95. 12

82 82

80 9587 5775 92

88 2689 2088 1583.1890 35

77 9366 42

67 8371 3879 3073 0455 8170 7982 21

55 5554 9253 2050 29

48.6878 6985.11

90. 9582.8087.54

97.23100 2888.83

105 6053.4450 63

90.7387 4098. 28

93. 0382.9096.8996.4196.89

82. 0970.9279. 5285 49

77 55

59. 0442.1362. 4381.77

58. 50

40.4740 8048 12 !

76. 3682 6282 62

69. 6670 3564 9677. 23

92 57

98. 65

84 65

81 9986 1174 82

92 9997 7589 4081.7290 32

76 3865 51

67 8972 0780 4875 2654 7970 7987 35

54 0054 2553 2049 01

47.8879 3086.78

90.9583.2287.94

99 53102 4186 32

103 3352 4049 74

91 4686 2795 50

96. 2983 9998 9499 3698 95

81 2272 0079 3486 94

78 53

60. 3443 0863. 7381.14

58.77

40.8941 0147 04

76 3382 6182 42

72. 2172 8368 4677. 93

91 94

96. 96

81 48

82 7886 9475. 92

92 0695 4588.9883. 6793. 25

77 5566 50

67 8371 1083 6272.9856 4570. 3585 28

50 5755 4854 1350 95

49.8279 9287. 02

91.4282.8186. 90

97. 5899 7986 32

102 7253. 2450 67

94 7385 7694 50

92. 6384. 7398 0299. 0197. 99

81.4072 7679.7187.78

77 95

60. 1942.4863. 7381.03

58. 67

40 7740 4045 82

77 7184 4685 28

70.9371 6269 3779.19

97 39

103. 91

89 42

84 0288 8376 17

93 1196 2390 6784.9394 25

79 r)9

68 30

68 Q772 9887 5273 9558 6571 2884 66

50 5056 7056 1751 21

50. 0581 1088. 11

93.1484. 2589.60

100 36102 8286 74

101 0252 4549 01

96 73T 85 77

96 73

95.8885 83

100 87102 29100 61

81 7072 5879 7187 77

78 96

59. 8242 0062. 9880. 96

59. 09

41 ?040 7048 36

78 5085 0785 28

71.1071 8069 9678.77

96 10

99.47

88 58

85 6790 1079 46

94 2198 4791 3084.2491 54

80 3269 38

69 3273 6387 7472 0759 0571 3482 00

5 1 2557 5356 4453 19

50. 5981 3588.31

92. 6783.4288.13

99 84103 0989 04

103 7453 3949 41

97 58T 93 53

99 86

96. 3584 3698 3699 3698 01

80 5673 4279 3489 02

79 37

58. 8241 7662. 4879. 53

60.25

41 5041 0148 24

79 5286 1 186 73

' 68. 28r 59 97r 68 88

79. 04

' 96 10

' 99. 72

' 87 95

r 85 (If)r 91 16' 79. 46

r 98 21r 104 96

r 91. 52r 82. 51r 93. 90

T 80 93r69 46

70 12r 74 7Q' 94 34' 71 83r 53 66r 71.98

82 19

51 4658 5057 4153 86

r £0. 32' 81 35r88.90

92.28r 85. 07r 90. 03

r99 22r 1Q2 91

T 92 01r 1Q6 26

r 54 58r 50 69

r 96 ">583 90

r 96 03

' 94. 13r 82 43T 94 08T 92 64r 94 04

r 81 51r 75 58

78 3589 23

T 78 96

' 58. 52T 40 71r 62. 37'79.53

r60.49

r 41 60r 41 11r 47 4()

79 71r 86 52

86 73

r 68. 4769 8969 37

r 79. 19

T 97 21

102. 01

89 01

r 85 ()67 93 31r 79 68

r 95 5398 0993 2686. 1596 41

80 7370 04

70 30r 75 66

93 0172 4257 8371 4082 59

T 54 1058 5057 2752 5?

* 50. 83r 81 r,3

89. 75

7 94. 2585. 2790. 25

98 40102 09

r 89 21

99 50r 55 9]

53 16

97 8188 23

105 73

94. 1380 9697 6295 2098 55

83 0373 8478 9689 01

79 56

58.7143 0462. 1680.08

60.83

42 0241 3147 92

78 36T 84 87r87 76

7 66. 4266 75

r 67 247 78. 09

97 30

103. 42

89 23

83 4392 66

r 78 53

T 90 9491 4391 5284.2495 18

r 80 38r 68 85

r 69 65r 76 18

90 9273 0259 0671 2881 78

r 53 62r 57 37

56 ]75j 92

r 49. 87r 81 22

89. 55

' 91. 48r 84. 87

90.64

r 98 64102 18r 88 34102 66

r 56 6554 71

98 4791 96

104 2°

100. 6280 4196 4893 1797 27

80 9873 2878 4089 42

79 58

59. 6049 946?! 5979.46

61. 25

41 5')41 1 147 55

* 78 30f 84 46P 89 03

v 65. 93

i, 67 08p 78. 47

» 95 35

P 81 25P 92 66r> 78 36

P 91 58

P 80 56P 69 02

P 69 25•p "73 89

-P 52 78P ^7 ^1

p 51. 47P 80 65

P91.01f 84. 67

P 97 85

P 86 22

P 56 79


SURVEY OF CURRENT BUSINESS S-15


1955

Janu-ary



Decem-ber

1956

Janu-ary

February


WAGES- Continued

A verage hourly gross earnings (U. 8. Department ofLabor) :

Vll manufacturing industries dollars -Durable-goods industries do

Ordnance and accessories do. -Lumber and wood products (except furniture)

dollars- .Sawmills and planing mills do

Furniture and fixtures - - doStone, clay, and glass products^ -. - do._Primary metal industries 9 _ _ d o

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) ._ -.. - ~ d o ._..Klectrical machinery do

Transportation equipment 9 - - doAutomobiles - - - doAircraft and parts doShip and boat building and repairs.- _ -do. -Railroad equipment do

Instruments and related products ~ doMiscellaneous mfg. industries ._ do

Nondurable-goods industries . do_ __Food and kindred products 9 do

Meat products - -doDairy products doCanning and preserving _ _ _ _ _ - do_ _Bakery products doBeverages - - -~ - do, __

Tobacco manufactures _ _ _ doTextile-mill products 9 do

Broad -woven fabric mills doKnitting mills do

Apparel and other finished textile productsdollars. -

Paper and allied products _ -- -. . do, _ _Pulp, 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

Nonmanufacturing industries:Mining:

Metal - .do\nthracite doBituminous coal _ doCrude-petroleum and natural-gas production:

Petroleum and natural-gas prod dollars..Nonmetallic mining and quarrying do

Contract construction . _ __ do_Nonbuilding 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)

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 hrSkilled labor do

Farm wage rates, without board or room (quarterly)dol. per h r _ _

Railway wages (average, class !)-_ doRoad-building wages, common labor do

1 841 962 03

1.631 641.581.812.16

2.27

2.01

1.952.031.85

2.202.252.142.102.19

1.871.64

1.681.721.911 631.451 691.97

1.331 371.321 32

1. 351.791.882.311.942.07

2.282.372.032.371.391.33

2.112.412.48

2.291.772.592.312.65

1.851.791.862.06

1.86

1.481.181.611.72

.981.011.19

2 0223.188

.881.9491.64

1 851 962 03

1.631 641 591.812 15

2.26

2.01

1.952.041 85

2 202.262 142.102 18

1 881.64

1.681 731.901 651 471 701 98

1 341 381 331 33

1.351 791.882.331 952 08

2.272 362 042 371 391 34

2.102 612.50

2.241 782.592 332.65

1 851 821 862.07

1.86

1.481 171 611.74

981 011.19

2 0193.188

1.977

1 851 972 03

1.621 631 591.812 16

2.27

2.01

1.952.051 86

2 212.272 142.092 13

1 881 64

1.681 731.921 651 481 691 99

1.371 371 321 32

1.341 801.892.341 942 09

2.302 402 042 371 391.34

2.112 512 49

2.281 772.572.312.63

1 851 801 862.06

1.88

1.481. 171 611.78

971 011.20

2 0213 190

1.925

1 861 982 03

1.661 661.601.822 17

2.28

2.01

1.952.061 86

2 202.252 142.102 20

1 881.64

1.691 741.901 651.531 692 01

1 391 371 331 32

1.321 811.912.331 972. 13

2.342 452 072.411 401.34

2. 102 602.50

2.331 792.572 342. 63

1 861 821 872.07

1 89

1.491 171 611.81

971 011. 19

2 0253 190

.851.9461.74

1 871 992 03

1.671 671 591.842 18

2.29

2 03

1.962.071 87

2 222 282 152 092 21

1 871 65

1 701 741 921 661 481 702 02

1 411 381 331 32

1.321 811.902.351 982 11

2.362 479 082 421 411 34

2 122 522 51

2.341 812.572 342.63

1 861 831 882 08

1 90

1.501 181 621.84

991 021.21

2 0503 207

1.942

1 871 992 04

1.721 721 611 852 20

2.32

2 04

1.962.081 87

2 192 232 152 092 22

1 911 64

1 701 721 921 661 421 712 02

1 411 381 331 32

1.331 831.932.352 002 13

2.362 472 102 451 411 35

2 152 492 52

2.321 832 572 342 64

1 871 801 882 08

1 91

1 511 191 631 85

981 011 20

2 0593 227

1. 941

1 892 022 05

1.721 7°1 601 «72 28

2.46

2 09

1.992.081 88

2 232 302 172 092 23

1 901 65

7172Q368387107

41373230

.3384

.952.352 022 15

2.412 519 092 421 391 33

2 222 432 50

2.361 852 592 362 66

1 881 801 882 10

1 99

1.521 201 631 84

991 011 20

2 0733 247

.881 9621.72

1 882 012 04

1.741 731 631.862 27

2.43

2 10

1.992.091 87

2 242.302 172.142 28

1 911 65

1 701 732 011 671 441 722 06

1 291 381 331 32

1.351 851.962.352 012 13

2.382 472 092 441 391 33

2 252 562 52

2.311 852 602 382 67

1 881 811 882 11

1 92

1.521 191 631 85

981 011 19

2 0873 264

1 938

1 902 042 08

1. 731 731 641 892 33

2.51

2 16

2.012. 111 89

2 262 332 192 159 31

1 931 67

1 721 752 041 701 471 73'> 07

1 251 401 371 33

1. 361 861.982.379 032 18

2. 439 529 ()09 441 411 35

2 262 539 65

2.351 872 622 392 69

1 901 811 882 12

i <)4

1. f>31 201 641 84

1 001 011 '>()

9 0873 97i

1 954

1 912 042 08

1.731 731 651 882 31

2.45

2 15

2.032 131 91

2 272 352 202 162 30

1 941 68

1 721 772 051 681 481 742 05

1 251 411 371 35

1.361 871.982.372 012 16

2.402 492 122 471 421 35

2 28r 2 62

2 67

2.351 852 632 402 70

1 901 841 882 14

1 95

1 521 201 641 82

1 001 011 20

2 0933 286

771 9831.72

1.932 062. 10

1.691 691.641.902.31

'2. 45

'2.14

' 2. 03r 2. 15

1.91r 2. 30

2.382.20

r 2.16r 2. 33r 1.95

1.69

1.741 802.12

T 1 691.471 762 06

1.341 421.381 36

1.361 871.982.362 042. 18

2.422 512 17

r 2 53r I 44r \ 37

r 2 27

2 55' 2 66

'2.331 84

r 2 65T 2 40r 2 71

T\ 901 881 872 15

r 1 94

1.52r 1 18

1 «vr)r 1 82

I 00T \ 02

1 20

9 0943 289

1 987

1.932 062.10

r I. 671 681.641.892 32

2.47

2. 15

2.032. 161.92

2 282.332 212 172 34

1 951 70

1 741 812 091 701 511 752 07

1 3S1 421 371 35

' 1.37T 1 87

1.992.382 042 18

2.409 492 162 50

r I 43

1 37

2 282 552 67

2.331 842 662 412 73

1 901 861 882 15

1 95

1 491 161 641 89

1 011 021 9{

2 0973 290

2 061

1.93r 2.06'2. 13

1.641.641.64

r 1.902.33

2. 48

2. 15

2.032.17

r 1.92

'2 242.282. 202. 162 35

' 1 971. 70

1.75* 1 84

2 091 711 531 762 06

1 401 421 371 37

1.37r 1 £8

1.99' 2. 37

2 052 20

2.402 48

r 9 1(>

2 511 461 41

2 292 622 70

2.391 872 689 422 74

1 911 861 882 16

1 96

1.541 221 66I 81

1 001 021 91

9 1073 l>98

91

1.72

p 1. 93P 2, Onp 2. 13

v 1. 04

v 1. 64v 1. 90p 2. 32

p 2. 03"2.17P 1 93

P 2 25

P 1 9rtp 1 70

P 1 74p 1 H9

P 1 40P 1 42

P 1. 38p 1 88

~ p ~ 2 . 3 7i> 2 05

"2.41

p 2 15

P 1 46

2 1173 309

T Revised. * Preliminary.9 Includes data for industries not shown.§ Rates as of Mar. 1,1956: Common labor, $2.117; skilled labor, $3.310.


S-16 SURVEY OF CURRENT BUSINESS March


1955

Janu-ary

F2r | M"rehApril May .Tune July August Septem-


Decem-ber

FINANCE

1956

Janu-ary

Febru-ary

BANKING

Acceptances and commercial paper outstanding:Bankers' acceptances _ _ ..mil. of dol -Commercial paper do

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

Total n~nl of dol

Federal land bank51 doLand Bank Commissioner do

Loan^ to cooperatives - doOther loans and discounts _ _ _ - do -

Bank debits, total (345 centers) doNYvv York Citv .. . - - do6 other centers cf -- ô

Federal Reserve banks, condition, end of month:X'vsets, total 9 mil. of dol.

Reserve bank credit outstanding, total 9 -- -doDiscounts and advances doUnited States Government securities do

Gold certificate reserves do

Liabilities total 9 . . d oDeposits, total 9 - - • - - do .

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

Federal "Reserve notes in circulation, . _ ..do

II eserve ratio . - - - 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 — do .Individuals, 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 ...do..-.Certificates doBonds and guaranteed obligations do —Notes -- - - d o _ _ _

Other securities • - - - - do

Loans (adjusted), total O ._ -.do. -Commercial, industrial, and agricultural doTo brokers and dealers in securities doOther loans for purchasing or carrying securities

mil. of dol.-Real-estate loans ~- -- - - do.Other loans do

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

In 19 cities percent--New York City do._ -

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

Acceptances prime, bankers' 90 davs - do_ _ .Commercial paper, prime. 4-6 months doCall loans, renewal (N. Y. S. E.) doYield on U. S. Govt. securities:

3-month bills - -- - - d o3 5 year taxable issues . -- do,

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

CONSUMER CREDIT(Short- and Intermediate- term)

Total outstanding end of month mil. of dol

Installment credit total do

A. u to mobile paper doOther consumer-goods paper do

Personal loans do._ -

869713

368662

163,40362. 64233. 531

49, 62624, 960

47523, 88521,038

49. 62620, 13818, 918

58125, 640

46.0

57, 639

58,3174, 2322,320

20, 198

18, 8641,126

13, 651

44, 783

35, 7992,065

23,1028, 0818,984

40, 48321,926

2, 582

1,0567,2798, 346

1.601.794.17

1.331.473.00

1.2572.11

15,5582, 116

29, 760

22, 436

10, 4595, 6091, 5744, 794

831703

355696

149, 74457, 09131.595

49, 44224. 769

48523. 60521,032

49, 44219, 87918, 562

47125, 609

46.2

56, 270

57, 7623,9602, 633

20, 280

18, 9301,145

13. 402

43, 590

34, 5991,816

22, 0769,0748,991

40, 75122, 2412.374

1, 0807, 3598,408

1.501.794.17

1.381.683.00

1.1772.18

15, 6042, 095

29,518

22, 508

10, 6415, 4841, 5504,833

807681

2, 4341 . 3471 , 336

12339747

178,92467. 24239. 908

49, 43424, 607

39123, 61 321 , 027

49, 43419, 80618,283

41225, 528

46.4

55, 590

56, 4744, 0622, 534

20, 329

18, 9901. 132

13,085

41,932

32, 8851,286

21,8068,6769,047

41,44822, 5972,483

1,1137, 4748,488

3.54

3 553.87

1.501.794.17

1.381.693.00

1.3352.30

15, 7702, 075

29, 948

22, 974

11,0535, 4791, 5304,912

767623

325792

1158.29657. 63434, 494

49,91324, 988

56023, 61 220. 985

49, 91320, 15818, 495

33425, 496

46. 0

56, 969

57, 9214,2163, 105

20,319

1 8, 9691.142

12.988

42, 960

33, 9831,750

21,6828,6408,977

41,81822, 545

2, 660

1,1087, 5708, 652

1.751.834.17

1.431.903.00

1.6202.39

15,7642, 052

30, 655

23,513

11, 4825,4921,534

1 5, 005

686572

318835

1167,71462,21136, 570

49, 30624, 780

46023. 66220, 988

49, 30619,68518, 221

19225, 656

46.3

56,011

57, 6244,3613.148

20, 363

19, 0371,113

12, 974

41 , 724

33, 0261,081

21, 4909, 3068,698

42, 44022, 6362,742

1,1557, 7198, 910

1.751.924.17

1.502.003.00

1.4912.40

15, 8302, 030

31,568

24, 149

11,9855, £551, 5465, 063

655572

2, 6051 4081. 408

0319878

U77.91767, 63437, 569

49, 6(5624. 601

1282:i 60720, 994

49, 66619,26818, 066

-7325, 868

46.5

56, 156

57, 3764, 2583, 224

20. 449

19,1731,059

13, 058

40, 798

32, 0761,019

21,3139, 0018,722

43, 67423, 501

2, 678

1,1907,8739, 153

3. 56

3 553. 95

1.752.084.17

1.502. 003.00

1.4322.42

15,9852,008

32, 471

24, 914

12, 5615, 6391,5625, 152

650593

2. 6511,4211,421

0336894

U61.74858, 90434,123

50, 48825, 719

75424, 09120. 994

50, 48820, 45118,999

6S825, 945

45. 3

55, 865

56, 9843, 9G33,374

20, 333

19,1041,018

13,339

40, 765

31,9751,160

QOO

21,0778,806S, 790

44,11323, 550

2, 775

1, 1907, 9939, 340

1.752.424.17

1.502.113.01

1.6222.54

16, 0221, 984

32, 896

! 25, 476

13, 0385, 6761, 5705,192

655580

2, 6701 4361, 436

0341893

U67,34358, 98035, 863

49, 88024, 91 1

47023, 76020, 993

49, 88019,53218, 368

21726, 004

46.1

55, 931

57, 5233, 9903, 256

20, 385

19, 1461,032

12,977

39, 716

30, 948985cor

20, 9658,3738,768

44, 69624. 1712,467

1, 1848,1209,492

2.002.424.17

1.672.333.34

1.8762.73

16, 0731,961

33, 636

26, 155

13, 5475,762

! 1,5891 5, 257

671564

2, 6631. 4511, 451

0357855

'168,96762, 55035, 126

50, 24325, 250

60323, 83420, 994

50, 24319. 74118. 423

21126, 142

45.8

56, 306

58, 3163.7722, 635

20, 405

19,210993

13, 077

39, 044

30, 347994

20, 7878,0708, 697

45, 44924, 660

2,406

1,1948, 2579,669

3.77

3 764.11

2.252.564.17

2.082. 543.40

2. 0862.72

16,1901,943

34, 293

26, 699

13, 9295, 8481,6115,311

662547

2, 6411,4641,464

0386791

!175,77967. 56835, 803

50. 22125, 430

70624, 02421.007

50, 22119, 84818, 565

17226, 246

45.6

56, 394

58, 1304, 0552, 876

20, 513

19, 356952

13, 515

39, 124

30, 559842

1 IQfi20, 6447,8778, 565

46, 49925, 3032,689

1, 2458.0739,926

2.252.654.17

2.232.703.50

2.2592. 58

16, 191p 1, 925

34, 640

26, 963

14, 0955,9171,6275, 324

642542

2, 6041,4771,477

0392735

! 173, 19063, 40636. 876

51,19725, 776

61824, 25621,002

51,19719,77018, 474

5726, 629

45.3

56,900

59,4753,9712,870

20,367

19,192971

13,111

38,006

29,643636894

20,7777,4068, 363

47.33126,0142,605

1,2488,188

10.015

2.503.004.17

2.172.813.55

2.2252.70

16, 295p 1, 908

35, 059

27,247

14, 1726,0571,6345,384

642510

2,5921 4971,497

0374721

200,52381,02740, 193

52, 34026, 507

10824, 78521,009

52, 34020, 35519, 005

10226, 921

44.4

58, 882

62, 1664,0262,239

20,527

19, 354969

13, 882

38, 380

30, 1221, 535

91020,6806,9978,258

48, 35626. 673

2, 852

1,2718.147

10, 159

3.93

3.954.17

2.503.004.17

2.432.993.63

«• 2. 5642.83

16,509v 1, 890

36, 225

27, 895

14,3126,4351,6415,507

624573

2,6171, 5161,516

0374727

137,354 l

69, 67540,718

50.61525, 122

85223, 46621, 010

50, 61519, 88118, 750

r 43926, 170

45.6

57. 607

58,9464, 3991,477

20, 416

19, 251963

12,917

36, 983

28, 8221,044

PQO

20, 2306, 8508, 161

47, 71126, 2602,625

1,3028,154

10, 197

2. 503.054.17

2.453.003.63

2. 4562.74

16, 584» 1, 869

35, 554

27, 724

14,3146,2731,6105,527

2,6701, 5411,541

0370759

1 162, 08757, 41335, 143

50,61524, 920

63223, 48221,011

50, 61519, 65118, 428

P24726, 029

46. 0

56, 230

58, 3264, 3192, 319

20, 525

19. 331992

12, 526

36, 538

28, 284910

20,1156,6738,254

47,66426, 316

2,422

1, 2878,224

10, 259

3.144.17

2.383.003.63

2. 3722.65

16, 651

* Revised. * Preliminary. * Data are for 344 centers.cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.9 Includes data not shown separately.O Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross.§ For bond yields, see p. S-20.


March 1956 SUKVEY OF CURRENT BUSINESS S-17


1955

Janu- Febru-ary ary March April May June July August Septem-


Decem-ber

1956

Janu- Febru-ary ary

FINANCE—Continued

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

Total outstanding, end of month— ContinuedInstallment credit — Continued

By type of holder:Financial institutions, total.. mil. of dol..

Commercial banks doSales-finance companies - do. _ _Credit unions do _ -Other - - do

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

NoninstaPment credit total do

Single-payment loans doCharge accounts do. ..Service credit doBy type of holder:

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

Installment credit extended and repaid:Unadjusted:

Extended total - -- - - doAutomobile paper _ __do _ .Other consumer-goods paper do _All other do

Repaid total -- - --doAutomobile paper _ - do ._Other consumer-goods paper doAll other do

Adjusted:Extended total - - do

Automobile paper doOther consumer-goods paper do —All other - - do. -

Repaid total -- do _ _Automobile paper -- -do -_Other consumer-goods paper doAllother _ _ do

FEDERAL GOVERNMENT FINANCE

Budget receipts and expenditures:Receipts total mil. of dol

Customs - -- - do .._Income and employment taxes do _Miscellaneous internal revenue doAll other receipts -- do -

Expenditures total doInterest on public debt - doVeterans' services and benefits - -do ...National security - - - doAll other expenditures do

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

Interest bearing total doPublic issues - doSpecial issues - do

Noninterest bearing -~ - do -Obligations guaranteed by U. S. Government, end

of month __ _ -_ -.mil. ofdoL.U. S. Savings bonds:

Amount outstanding end of month _ do . _ .Sales series E through K doRedemptions -- do

Government corporations and credit agencies:Assets except interagency, total _ -- mil. ofdoL.

Loans receivable, total (less reserves) .do _To aid agriculture do_ _ _To aid homeowners ___ do- _.Foreign loans _ _ do ._All other _-do ._

Commodities, supplies, and materials do.__U. S. Government securities ... _ do _ _Other securities and investments. __do_ ._Land, structures, and equipment doAll other assets.. _ _ _ _ _ ___ ._ do

Liabilities, except interagency, total doBonds, notes, and debentures do.-_Other liabilities do

Privately owned interest _ _ _ _ _ doU. S. Government interest do._.

18, 9778,6516,4621.2822,582

3 4591,158

862397

1,042

7,324

2,3713, 2251,728

2,3713 2251,728

2,3891,060

616713

2,420997675748

' 2, 830r 1, 239

r 789802

2 4961,020

684792

4,8334 655

483,638

716430

4,942222379

3,1761.166

278 439275, 696233, 42742 2682,743

24

58, 456742772

19,1538,6886, 5701,2982,597

3,3551,108

848404995

7,010

2,4272,8311, 752

2,4272,8311,752

2,4161,167

529720

2,344985654705

T 2, 906r 1, 388

'662856

2 5211 071

680770

5 9545 427

474,857

774276

4,831396365

3,0481,022

278 182275 565233, 51742 0472 617

27

58 605602543

19,6138,8446,8081 3302,631

3 3611 123

838420980

6 974

2,4812,7351 758

2,4812,7351,758

3,1591, 569

708882

2,6931, 157

713823

r 3, 045r 1, 479

••744822

2 5621 096

683783

11 0899 741

609,906

995127

5,894478386

3,7591,271

274 048271, 200229, 10342 0972 847

33

58 701614605

41, 99619, 7827,4663,0137,9681,593

3,6123,1873,4297,9824,004

5,6051, 5924,013

54335, 848

20, 1279,0207,0771,3602,670

3 3861 138

834437977

7 142

2 4962,8591 787

2 4962, 8593 787

3 0891, 512

703874

2,5501 083

690777

r 3 027r 1,411

r 738r 878

2 5521 093

672787

4 9413 732

513 976

795119

5 228355383

3 3821, 108

276 649273 924232 233

41 6912 725

37

58 639535682

20, 7189 2287,3901 3952,705

3 4311 150

842457982

7 419

2 5893,0111 819

2 5893, Oil1 819

3,2061,616

741849

2,5701, 113

678779

r 3 103r 1, 525

"•738r 840

r 2 6351 139

687T 809

6 1194 438

564 849

939276

5 356443381

3 3461,387

277 472274 804232 56342 2402 668

43

58 641488581

21, 4329,4957,7471 4342,756

3 4821 160

851481990

7 557

2 6863,0401 831

2 6863,0401 831

3,4431,766

766911

2,6781,190

682806

r 3 179r 1, 589

'757r833

2 612r I 166

678r 768

11 27910 125

579 921

989311

6 753-i i 476

3984 146

733

274 374271 741228 49143 2502 633

44

58 643496619

40 63918 9276 3623,0958,0321 932

3 4753,1083 4307,8213,878

4,9001 8813 019

56835, 171

21,9809,6568,0871 4582,779

3 4961 155

856501984

7 420

2 5952,9911 834

2 5952,9911 834

3,1311, 594

711826

2,5691, 117

674778

r 3, 136r 1, 519

'794r 823

r 2 611r 1 133

r 706r 772

3 0892 765

541,924

877234

5,382592364

2 8631 564

277 584274 955231 61543 3402 629

42

58 672494589

22, 6059,8718,4221 4952,817

3 5501 167

871523989

7 481

2 6293 0191 833

2 6293 0191 833

3 4361 745

793898

2 7571 236

707814

r 3 211r \ 566

' 773r 872

r 2 713T i 197

T 718r 798

5 8484 734

554 459

945390

6 225'522434

3 420I 850

278 309275 711231 472

44 2382 598

43

58 703487543

23, 10110, 0608,6671 5282,846

3 5981, 191

878538991

7 594

2 6573,1081 829

2 6573,1081 829

3 2411,592

783866

2,6971 210

697790

r 3, 290T 1, 620

'759r 911

2 691r 1 175

r 694

822

6 1805 498

574 968

947208

5 340529363

3 611837

277 476274 879230' 98843 8912 597

48

58 532462722

41 18319 0615 8533,1228 0252 472

4 1292,9093 4147,7993,871

4,1412 1282 012

58336, 460

23, 32410 1458,7711 5472,861

3 6391*203

889546

1,001

7 677

2 6663 2181 793

2 6663 2181 793

3 0511 417

785849

2 7871 251

716820

r 3 075r 1 474

r 724r877

r 2 774r 1 233

r 718

823

2 9982 692

621 873

890173

5 355542364

3 161l' 288

279 818277 277233 61943 6572 541

48

58 494451574

23, 52410 2278,8251 5562 916

3 7231 251

909550

1 013

7 812

2 7573' 2851 770

2 7573 2851 770

3 1031 341

850912

2 8191 264

710845

r 3 185r i 435

r 805T 945

2 830r 1 281

r 698

851

5 5274 662

654 2151 008

240

5 172542

•P 426•p 3 H6r> i 089

280 136277 628233 615

44 0132 508

53

58 501438526

23,86310 3478 9381 5802 998

4 0321 423

956556

1 097

8 330

2 7763' 7971 757

2 7763? 7971 757

3 5081 3691 0901 049

2 8601 229

712919

3 1851 503

792890

2 7471 228

690829

5 3374 889

563 962

879440

5 651595

•p 408P 3 477P i 170

280 769277 799233 87343 9262 070

53

58 548466545

23,81710 3158 9361 5653 001

3 9071 374

925556

1 052

7 830

2 7153 3551 760

2 7153 3551 760

2 725l' ?4S

644833

2 8961 246

806844

3 2121 451

824937

2 9861 275

817894

4 9154 6^4

593 727

853275

5 274625

p 40?•p 3 028v i 219

OQA 04Q

277 170933 58443 5852 879

53

58 193' 645

1 126

no A -I f)o

277 295233 60743 688

0 01 A

58

58 166KA4

660

r Revised. p Preliminary. i Effective with the fiscal year ended June 30,1955, changed from a due and payable basis to an accrual basis.


S-18 SURVEY OF CURRENT BUSINESS March 10r>6


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

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 doState, county, municipal (U. S.)_ . _ doPublic utility (U. S.) doRailroad (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 _ _ _ _ _ d o

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

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

Value estimated total mil of dolGroup and wholesale doIndustrial _ _ do _.Ordinarv, total© do

New England _ doMiddle Atlantic _ _ _ _ _ d oEast North Central doWest North Central _ _ _ _ doSouth Atlantic doEast South Central _ doWest South Central doMountain doPacific _ _ - _ _ do _ _

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

mated total thous. of dolDeath benefits _ . _ _ doMatured endowments doDisability payments _ doAnnuity payments doSurrender values doPolicy dividends do

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

Accident and health doAnnuities doGroup doIndustrial doOrdinary - do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U. S. (end of mo.) mil. of doL,Net release from earmark § _ _ _ doExports thous of dolImports - _ - _ - doProduction, reported monthly total 9-_ _ _ .-do _ -

Africa doCanada _ _ _ d oUnited States do

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

CanadaO - - - -thous. of fine oz _Mexico doUnited States _ _ do _ _ _

Money supply (end of month):Currency in circulation mil. of doL-Deposits and currency, total do

Foreign banks deposits, net _ _ doU. S. Government balances do

Deposits (adjusted) and currency, total doDemand deposits, adjusted _ d o _ ~Time deposits doCurrency outside banks do

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

New York City ratio of debits to deposits6 other centers c^t do338 other reporting centers t _ __ _ _ _ do _

PROFITS AND DIVIDENDS (QUARTERLY)

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

Food and kindred products - doTextile mill products - _ _ - _ _ _ _ do _Lumber and wood products (except furniture)

mil. of doL_Paper and allied products _ _ _ do

84, 912

46, 6539,2331,940

13, 1403,705

16, 063

2, 7561, 7151,036

26, 22324, 1712,3103,1271,1402,703

3,104386516

2,20215852546718023792

21477

251

477,058182, 799

58, 32810, 58847, 72274, 776

102, 845

21, 714-9.7

7883,016

70, 40045, 80012, 8005,000

6404,321.853

2,1754,9083,416

29, 789217, 500

3,2005,000

209, 200107, 00075, 40026, 800

42.025.419.6

85, 324

46, 6909,2421,977

13, 1543,719

16, 092

2,7631,7141,044

26, 47424, 4052,3443,1441,1112,798

3,358620544

2,19415152047117924792

20283

250

424, 607176, 94351, 3208,869

38, 30773, 88375, 285

21, 716-.8689

3, 90567, 90043, 80012, 3004,800

2906,351.853

1,9616,7262,753

29, 817216, 000

3,1006,000

206, 900104, 50075, 70026, 800

41.926.419.6

85, 627

46, 7649,0911,964

13, 1913,716

16, 293

2,7731,7071,059

26, 72724, 6292,3673,1591,0292,808

3,830462590

2,778188641585226311116275107328

498, 084201, 47458, 8059,216

39,21086, 702

102, 677

2,174,366286, 266298, 036232, 210251,671

1,106,183

21, 719—27. 7

6743,388

73, 30047, 20013, 0005,400

1,6955,840.873

2,3864,6603,560

29, 800214, 500

3,2006,100

205, 300102, 400

76, 20026, 700

41.730.220.0

3,33520187

64130

86, 061

46, 9009,1051,965

13, 2053,724

16, 395

2,7911,7111,073

26, 94924, 8242,3813,1771,0272,836

5,6452,602

5402,503

16257852420129610924096

298

419, 386180, 93345,5129,064

33, 92173, 97075, 986

21, 671-41.8

1822,658

71, 40046, 80012, 9005,000

1385,223.871

2,2703,9223,068

29, 769216, 900

3,1006,400

207, 400104, 50076, 20026, 700

37.327.1

1 19.2

86, 515

47, 0059,0581,956

13, 2033,774

16, 519

2,7871,6961,084

27, 21725, 0672,4073,1901,0672,842

3,641452607

2,582174597539205310110241101304

439, 941187, 32450, 6199,171

36, 42776, 50079, 900

21, 674-1.0

3144,854

73, 10047, 60013, 4005,300

2363,999.889

2,2363,4153,075

30, 009216, 600

3,2006,700

206, 700103, 300

76 50026, 800

42.728.4

1 20.6

86, 967

47, 0879,0461,957

13, 2363,771

16, 594

2,8291,7091,112

27,48325, 3102,4203,2071,0642,877

4,026711570

2,745186641567230325112258102324

444, 925183, 19250, 2549,236

38, 65575, 60887, 980

2,058,101293, 953236, 984201, 277218, 293

1,107,594

21, 678-.9694

4,51173, 10047, 40013, 0005,600

2907,423.897

2,4623,0353,089

30, 229217, 595

3,2476,610

207, 738103, 234

77, 12927, 375

44.728.3

!20.8

3,878255

79

82154

87, 636

47, 3509,0961,979

13, 3093,771

16, 732

2,8691,7241,137

27, 74825, 5512,4533, 2301,0942,892

3 588647528

2,41315454651420628910222492

285

398, 481167, 65044, 1478,659

35, 45466, 15976, 412

21, 682-.1859

2,476

48, 50013, 5004, 100

2106,549.905

2,3863,691

596

30, 244P218, 800

P 3, 300P 7, 400

^208, 100pl03, 900p77, 100p27, 100

40.726.6

1 20.4

88, 087

47, 4149,1791,979

13, 3193,776

16, 704

2,8751,7281,139

28, 00125, 7872,4713, 2451,1692,912

3,674568540

2,566154540555214320111251100321

442, 123199, 66148, 5009,062

36, 98376, 31271, 605

21, 682-2.9

1833,794

49, 10013, 5005,900

2615,818.908

2,4823,0532,005

30. 317P218, 200

* 3, 100P 6, 400

P208, 600P103, 900p 77, 400P 27, 300

38.225.9

i 19.9

88, 529

47, 5789,1291,983

13, 3663,786

16, 858

2,8701,7201,142

28, 25026, 0252,4923,2601,1422,937

3,746833561

2,35214749950820129010522991

281

421, 191180, 09544, 4238,674

38, 32767, 73781, 935

2,069,637299 608255, 004207 207216, 461

1,091,357

21, 68410.6969

5,392

48, 50013, 8007,000

6497,299.908

* 2, 3862,8362,840

30, 422P218, 800

v 3, 200v 5, 800

p209, 700pl04, 900v 77 700p 27, 200

43.527.4

1 21.1

3,73530181

85154

89, 016

47, 7429,0271,990

13. 4003,877

16, 985

2,8791,7191, 152

28, 56326, 3202,5063,2711,1332,922

3 710579571

2,560163573562202319109234102296

425, 367182, 02851, 6058,800

39,51973, 86169, 554

21, 686-7.1

23010, 645

48, 30013, 8006,800

9106,717.918

' 2, 3723,5282,432

30, 559P220, 700

v 3, 200v 6, 200

»211, 300"106, 100P 77 900* 27, 300

44.726 5

1 20 3

89, 491

47, 7438 8911,987

13,4573,871

17 070

2,8991 7311,160

28 86826, 6132, 5233,2831,2002,975

4,5981,336

5492, 713

177617586211338123243102317

435, 673189, 45353, 4649,207

39, 48571, 66772, 397

21, 688-27.0

77832, 648

13, 6006,300

5226,655.915

2,0893,8373,087

30, 993p221, 200

P 3, 200v 5, 800

p212, 200pl06, 900p 77 400p 27,900

45.429.0

1 22.0

90, 219

47, 6908,5461,998

13, 5333,847

17, 292

2,9231,7201,192

29 43327, 1662 5573, 2931, 2543,069

5 8572 258

5113,088

1926806652483fi3129292136383

555, 665209, 179

56 9429,476

38 23078. 795

163 043

2,474,743347 98Q350 097253 227277 203

1,246 236

21, 690—23.8

59127, 305

13 3005 000

7216 736.905

2 3894 3473,180

31, 158P224, 300

P 3 200P 5, 300

P215, 700P109 700P 78 200P 27 900

51 3r 28 1

1 r 21 6

90, 842

47, 9678 3932 125

13 5793 840

17 522

2,9301 7191 199

29 80027 5262 5683 3071 1673 103

3 742847450

2,44516858653519428510422289

262

522 800204 90059 30010 20054 40076 900

117 100

21,693—8 2

30711, 743

3544,208.904

3 249

30, 228p221, 000

P 3 100* 3, 600

^214,300pl08 900P 78 400p 27 100

45 9v 2Q 5

i p 21 6

_ - _

909

41 1P 27 4

i P 20' 8

T Revised. p Preliminary. x Data for 337 centers.O Revisions for insurance written for January-August 1954 are shown in the November 1955 SURVEY. Revisions for silver production in Canada for January-September 1954 are shown

n the December 1955 SURVEY.0 Data for January-December 1954 include revisions not distributed by regions.§ Or increase in earmarked gold (—). 9 Includes data not shown separately.cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. t Revisions beginning with 1943 appear on p. 24 of the October 1955 SURVEY.




1955

Janu-ary


ber October Novern- j Decem-ber | ber

1956

Janu-ary

Febru-ary

FINANCE—Continued

PROFITS AND DIVIDENDS— Continued

Manufacturing corporations— ContinuedNet profit after taxes — Continued

Chemicals and allied products mil of dolPetroleum refining doStone, clay, and glass products. _ ___ ._ _.do-Primary nonferrous metal doPrimary iron and steel __ _ _. _ _ doFabricated metal products (except ordnance,

machinery, and transport, equip.) ._ mil. of dolMachinery (except electrical) doElectrical machinery. __ _ _ _ do.Transportation 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.)

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

SECURITIES ISSUED

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

capital and refunding) _ . .mil. of dolNew capital, total _ _ do

Domestic, total _ do, -Corporate . doFederal agencies __ __. doMunicipal, State, etc __do-

Foreign .. _ _ do

Refunding, total 9 . _ __ .__ doDomestic, total _ . _ _ do. _

Corporate . doFederal agencies _ _ _ do ...Municipal, State, etc do

Securities and Exchange Commission:Estimated gross proceeds, total do

By type of security:Bonds and notes, total do

Corporate-. do _Common stock _ doPreferred stock . do .

By type of issuer:Corporate, total 9 do .

Manufacturing.- __ _ doMining doPublic utility doRailroad . do __Communication doReal estate and financial do

Noncorporate, total 9 doU. S. Government _ _ d o _ _State and municipal do

New corporate security issues:Estimated net proceeds, total do

Proposed uses of proceeds:New money, total do

Plant and equipment - _. do_._Working capital do

Retirement of securities _. _. --do __Other purposes _ __ _ _ do -

State and municipal issues (Bond Buyer) :Long-term _ _ . . _ _ _ _ _thous. of dol__Short-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) do _ _ _Customers' 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 (17 bonds) dol. per $100 bondDomestic 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 . _ _ _ _ _ _ d o

New York Stock Exchange:Market value doFace value do

1,4461,1141,015

43152

53398

332332134192

6

2,706

2,51848413553

67219020

242647

982,034

742541

660

46532514011481

541, 449191,319

2,5581,0691,696

99.0599.3979.06

116.7125.497.88

115, 121129, 547

111,885126, 209

86472972638232

3133

135135458011

1,431

1,29436411325

5018613

1111

45149930602328

492

3621771855674

327, 527262, 627

2,6531,0631,779

98.4198.7678.05

115.7124.996 97

86, 84390, 703

84 51688, 119

364575111159262

111224167

102501278

1,422

341

2,0031,6631, 6321,067

4951731

340340137194

9

2,583

2,03387151237

1,42064449

2262527

3861,163

614540

1,396

1,19075943113571

539, 767209, 769

2,7011,0221,939

98.6298.9778.55

115.4124.497.08

93, 992100 868

92 03197, 287

1,24497595950931

41916

269269173916

1,654

1,45347514654

67517231

2189319

116979535429

659

44426018516550

429, 030200, 591

2,752973

2,062

98.2798 5979.06

115 2124.996 31

80, 46389 342

78 89987, 152

1,3241, 1231,121

74936

3362

20120184

1153

4,399

4,09569420995

99843515

2491325

1853,4013,020

350

977

791567224

74112

349, 648149, 768

2,731928

2,119

98.3698 6780.36

114. 7125.196 53

82, 14190 512

80 24986. 856

413566192189345

132298173

115578316

1,436

296

1,6281,4931,492

592236664

1

13513592412

1,947

1,68453320657

79618082

280187182

1,151496651

778

6354401948162

650, 780218, 322

337r 2, 768

r 918r 2 115

97 9198 1980 28

114 5123 996 37

108 696111 629

106 849108! 668

1,18697396949012

4683

213207154512

2 487

2 33358310153

73735832

1054

46129

1 7501 265

470

723

51424726714069

470 161301 267

2 780918

2 080

96 9897 2480 92

114 3121 494 96

93 54796 276

91 21690! 405

1 656

1 44067220016

8871732991

18792

281768509259

870

62328733521632

258, 707330 455

2,752887

2 064

96 9597 1982 10

113 3120.594 51

82 60483 401

80 54980, 933

429600190157312

158269172

99359369

1,565

284

1 640

1 4665749382

74919052

2243129

166892481407

735

56236819455

118

407,314200 458

2 848977

2 124

97 4497 7181 82

113 1121 394 87

106 046108 464

104 134106! 239

2, 695

2,492r 1, 097

15943

1,29913828

17066

698112

1 396461926

1,282

1, 1259971287582

925 818136 646

2 789920

2 159

98 0798 3581 27

113 5122 595 83

195 875177 186

194 268175.' 133

1 850

1 573r 441

19286

71920114

287124090

1 132438661

705

5924591337339

661 017242 810

2 796876

2 260

97 6597 gg79 06

113 7122 795 46

90 76287 870

88 66285! 283

r \ 934

1 783r850

11338

1,00137750

275523694

r 932466

r 415

985

«0755425364

114r415 285148' 913

331r 2 825

r 894r 2 345

97 0897 3778 91

112 4119 895 07

95 28395 692

93 79593. 748

1 522

1 4694476518

530172

742195

2531 022

645364

521

4101232863477

364 479183 065

2 822905

2 170

98 0098 3178 79

113 3121 395 40

104 729105 143

103 410103! 482

2 189

122 495 94

r Revised. " Preliminary.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


S-20 SURVEY OF CUKRENT BUSINESS March 1956


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

FINANCE—Continued

SECURITY MARKETS— ContinuedBonds—Continued

Sales— ContinuedNew York Stock Exchange, exclusive of stopped

sales, face value, total § _ _ _ _ thous. ofdoLU S. Government doOther than U S Government total§ do

Domestic - doForeign do

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

Domestic do .Foreign do

Face value total all issues§ doDomestic -- - doForeign do

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

By ratings:Aaa doAa _ do __A doBaa _ _- - - do_ _

By groups:Industrial do__ _Public utility __ do_ __Railroad do. _

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

U S Treasury bonds taxable _ _ doStocks

Cash dividend payments publicly reported:Total dividend payments _ .mil. ofdoL

Finance doManufacturing _ do_ _Mailing doPublic utilities:

Communications doElectric and gas - -- _ - do _

Railroad doTrade - - - - do _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) - doRailroad (25 stocks) doBank (15 stocks) -- -do _Insurance (10 stocks) do

Price per share, end of month (200 stocks) 9 ---doIndustrial 0 25 stocks) --doPublic utility (24 stocks) doRailroad (25 stocks) do

Yield (200 stocks) percent--Industrial (125 stocks) - - -- do _Public utility (24 stocks) doRailroad (25 stocks) - - -do _ _Bank (15 stocks) doInsurance (10 stocks) - _ _ _ - -do

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

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

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

Industrial (30 stock") doPublic utility (15 stocks) _ _ _ doRailroad (20 stocks) do

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

Combined index (480 stocks) 1935-39=100__Industrial, total (420 stocks) 9 do

Capital goods (128 stocks) doConsumers' goods (195 stocks) do.. _

Public utility (40 stocks) doRailroad ( 2 0 stocks) _ _ _ _ _ _ d o _ _

Banks, N. Y. C. (12 stocks) do—Fire insurance (16 stocks). do_ _ _

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

Shares sold thousandsOn New York Stock Exchange:

Mârket 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 dolNumber of shares listed millions

101,1004

101, 09693, 6547,356

105. 476103, 351

1,456106, 491103, 985

1,841

3.15

2.933.063.153.45

3.083.123.25

2.432.392.65

721.1142.0233.7

4.7

121.881.132.993.511.4

4.484.792.143.193.153.39

106. 21116. 8346.9464.354.224.104.564.964.142.58

3.98

147. 98398. 4362.39

142. 45

268.8301.9302.7232.2145.1222.4150.5302.3

3 996142, 277

3,43896, 769

74, 646

171,1553,208

79,9924

79, 98873,1106,819

104, 518102, 427

1,433106, 204103,713

1,836

3.18

2.993.103.173.47

3.123.153.28

2.452.422.72

259.570.885.52.2

1.367.910.217.04.6

4.564.902.143.233.153.39

108. 30118.4948.5967.424.214.144.404.794.062.51

4.00

151.70410. 2563.29

145. 64

278.1312.4316.2235.0149.6231.9153.9311.1

3 547131, 210

3,06790, 745

60,815

175, 5883,236

81, 3730

81, 37373, 8067,547

104. 349102, 266

1,428105, 806103, 334

1,818

3.20

3.023.133.183.48

3.143.173.31

2.422.452.71

1, 340. 491.0

869.2100.1

39.3111.064.538.726.6

4.594.922.183.233.143.49

108. 90117.6147.9767.424.214.184.544.793.892.58

9 703 037.00

4.01

152. 75408. 9163.87

149. 06

277.5310.8315.3233.8150.4237.9157.3312.4

3 795135' 043

3,27791, 252

66, 865

175, 8063,262

80, 5700

80, 57074, 9305,592

104, 344102, 238

1,449106, 184103, 696

1,833

3.21

3.013.133.193.49

3.143.173.30

2.402.432.77

669.0118.8235.2

7.1

126.485.123.957.015.5

4.604.932.183.363.153.49

111.68122. 4049.1272.214.124.034.444.653.942.50

3.98

158. 35422. 9964.56

157. 51

286.2321.5330.2241.0151.8252.1164.2322.5

3 155105, 677

2,73471,171

53, 788

181, 3863,284

76, 5720

76, 57264, 44412, 041

104, 459102,314

1,487106,200103, 694

1,851

3.23

3.043.153.213.50

3.173.193.32

2.392.412.75

251.362.0

104.83.3

1.461.94.58.35.1

4.624.952.213.363.153.49

111.49122. 1548.5471.634.144.054.554.694.062.49

3.99

157.89421. 55

64. 06157. 75

285.0319.7331.9239.8152.3250. 9156. 7327.0

2 67598, 219

2,31668, 645

45, 427

182, 8303,341

99, 5540

99, 55489, 6729,846

104. 282102, 181

1,443106, 513104, 061

1,797

3.23

3.053.143.223.51

3.183.213.31

2.482.482.76

1, 390. 393.6

909.6104.0

40.4112.962.538.628.7

4.634.952.233.403.153.49

119.66133. 4149.2172.963.873.714.534.664.012.40

10.903.088.86

3.98

162. 77440. 7964.23

161.16

300.7340.5356.2250.6153.4258.9157. 2331.4

3 247116, 222

2,78479, 175

58, 148

194, 4063,434

79, 1840

79. 18471, 5877,535

104, 002101, 892

1,454107, 237104.785

1,797

3.24

3.063.143.243.52

3.183.223.32

2.562.622.87

669.2142.3221.8

7.3

127.586.918.057.57.9

4.665.002.233.423.153.49

123. 15137. 8551.3971.633.783.634.344.773.952.45

3.96

166. 90462. 1665.51

158. 98

315.3359.6369.1270.0156.4256.1158.4334.5

3 08195, 984

2,65468, 416

48, 459

198, 2283,475

87, 8260

87, 82682, 368

5 445

103, 997101, 853

1.496107, 273104, 796

1,822

3.29

3.113.203.283.56

3.253.263.36

2.632.672.91

263.356.1

107.93.1

4.371.16.58.16.2

4.795.182.233.423.153.49

122. 44137. 5951.4371.063.913.764.344.813.932.56

4.01

164. 94457. 2965.87

155. 19

311.0354.2361.6269.1155.9250.0160.4320.5

2 57984, 622

2,22959, 906

41,806

197, 9943,492

119, 7581

119 757114, 398

5 329

104, 548102, 416

1,487107, 291104, 818

1,817

3.31

3.133.223.313.59

3.253.293.40

2.532.632.88

1, 488. 4108.5985.7113.2

38.9114.258.641.128.2

4.815.202.243.423.233.49

122. 51138. 2149.8369.603.933.764.504.914.062.67

' 10. 003. 13

'9. 02

4.06

169. 99476. 4365.36

160.08

323.2371.1380.3282.8154.8257.0165.3314.9

3 323107, 344

2,86475, 519

60, 100

197, 5363,519

83, 9745

83 96978, 9165 026

106 110103, 982

1 477108, 199105, 727

1,817

3.30

3.103.193.303.59

3.233.273.38

2.452.562.82

669.0128.5234.9

9.1

128.587.217.455.77.7

4.905.302.243.603.233.49

119.02133. 9648. 5367.424.123.964.625.344.162.73

4.04

160. 92452. 6562.31

149. 99

306.2350. 1350. 6272. 6150.6240.5157.5293.1

2 97895, 888

2,59866, 364

42, 178

192, 7823,560

75, 397o

75 39769, 7085 668

105, 501103, 449

1 405108, 039105, 607

1,777

3.29

3 103.183 293.58

3.223.283.38

2.522 552.85

294.685 2

112 22 0

1 573.43 49.77 2

5.195.69,2.273 703.263.60

126. 95143. 7849.9074.474.093.964.554.974.092.63

4.01

169. 48476. 5964.76

159. 29

321.5369.2370.2285.9153.8254.6160.9309.3

2 728101, 986

2,35872, 613

46, 380

204, 6503,766

80,6510

80 65175, 6624 986

104, 750102, 701

1,399107, 898105, 471

1,772

3.33

3.153.223.333.62

3.263.313.42

2.582.712.88

2, 418. 7265 8

1, 547. 0230 5

42.1126.4117.451.338.2

'5.215.712.273.79

••3.343.63

f 128. 03145. 6749.3572.29

'4.073.924.605.24

'4.232.69

11.403 209.06

4.05

172. 36484. 5864.98

163. 34

327.0376.8379.0284.2153.2257.7162.5315.0

2 925105, 915

2,51269, 211

50, 991

207, 6993,836

94, 0440

94 04489 448

4 560

105 5~98103, 572

1 371107, 752105, 357

1,740

3.30

3.113.193.303.60

3.233.283.40

2.482.642.86

808.7164.5269.5

9.7

136.587.040.191.59.9

5.225.722.273.86

'3.343.65

' 123. 96140. 1149.1070.764.214.084. 625.46

'4.40'2.84

4.03

168. 18474. 7563.60

157. 94

322.9371.7373.0275.8152. 9249.4160.9308.1

2 88693, 041

2,46362, 227

47, 197

202, 3363,862

3.28

3.083.163.283.58

3.203.263.37

2.492 582.82

5.245.722.283.863.343.87

128. 19145. 5349.6671.454.093.934.595.404.412.87

3.99

168. 93475. 5265. 00

157. 96

324.4372.8372.7272.6155.4249.6155.5307.4

46, 401

' Revised, p Preliminary.§ Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of

all listed bonds shown on p. S-19.9 Includes data not shown separately.cf Number of stocks represents number currently used; the change in the number does not affect the continuity of series.




1955

Janu-ary

Febru-ary March April May June July August Sebereml October

Novem-ber

Decem-ber

1956

Janu-ary

Febru-ary

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)

Exports of goods and services, total mil. of dol _Military transfers under grants, net- _ doMerchandise, adjusted, excluding military trans-

actions _ --. _ - _ - - .mil. of dol _Income 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 -do _ _ .Military expenditures - doOther services cf - _ _ _ _ _ - d o

Balance on goods and services. - do

Unilateral transfers (net), total.- _ _ _ . _ - do ..Private - -do ..Government do

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

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

FOREIGN TRADE

Indexes

Exports of U. S. merchandise:?Quantity-. 1936-38=100..Value do__ .Unit value - do

Imports for consumption :tQuantity doValue doUnit value - --do

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

Unadjusted 1924-29=100..Adjusted -- - do _.

Total, excluding cotton:Unadjusted .__ _ ... doAdjusted . _ do

Imports for consumption:Unadjusted _ _ .. doAdjusted - do

Shipping Weight

Water-borne trade:Exports, incl. reexports § thous. of long tons..General imports. . do ...

Value J

Exports (mdse.), including reexports, totals-mil, of doL.By geographic regions:A

Africa thous. of dolAsia and Oceania __ __ do. _.Europe ._ . _ do __.Northern North America— _- doSouthern North America _. do_ _ _South America. do

By leading countries: AAfrica:

Egypt . . . -.- doUnion of South Africa do

Asia and Oceania:Australia, including New Guinea do... -British Malaya ._ _ do.China, including Manchuria ... doIndia and Pakistan ... - . . . do .Japan. . . . _ doIndonesia . _ doRepublic of the Philippines do

Europe:France _ . .. _ _ . . ..do. -East Germany doWest Germany _ . _ . . do .Italy do..-.Union of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada . . . . ._. . doLatin American Republics, total 9 do

Argentina. _. . doBrazil doChile .. _ ... doColombia.. . doCuba doMexico -. -. ... _ doVenezuela __do

234473202

149420282

9289

133133

9997

5,2819,343

1, 165. 6

48, 155185, 937332, 903205, 787133, 683127, 166

3,62025, 202

15, 5342,755

017, 29057, 855

4 61927, 498

28, 1190

41, 46124, 602

11274, 793

205, 785247, 216

12 77121 1445 422

27 11035 75150 78541, 620

250501201

145411283

96112

143171

9190

5,9898,924

1, 233. 2

45, 305197, 451374, 971221, 882125, 590123, 613

4,47122, 199

26, 8193,190

020, 02951,9145 621

29, 627

27 3790

48, 39233 311

179, 654

221, 868235, 69612 53618 0558 244

26 31336 12449 56240, 851

5 183499

3,443534707

4,0922 762

113648569

+1, 091

-1,224— 112

— 1 112

—74-3

—71

+156+30+21

270546202

173490283

108123

160183

11199

6,14510, 294

1, 342. 3

52 931232, 770360, 938265, 001147, 725135, 786

7 56624, 768

18, 5683 575

027, 02952 4898 044

35, 723

33 0120

42 29628 566

1578 599

264 996267, 05510 2782o' 0139 897

28 83041 38558 99045, 372

254513202

150425283

7593

113133

9993

7,7898 960

1, 263. 6

56 218195 704313, 202277 835142, 331137 419

7 87923, 660

13, 4752 981

016 82951 2415 919

35 898

27 99160

48 38632 568

3364 794

277 830265, 06310 46918 3286 351

32 60940? 32857 83346, 998

262533203

167467279

7291

108126

109111

8,85010 372

1, 308. 0

56 464197 669307, 285293 582134, 729126 333

8 01625, 401

13, 5542 389' 0

20 90550 7484 532

28* 407

31 28511

55 07631 854

358 112

293 580247, 340

10 90018 2096 656

25 90337 83753 87444, 102

5 469614

3, 536553766

4,4442 799

126759760

+1 025

1 239—1101 199

561—397

164

+538+33

+204

264536203

164459280

95127

145175

97104

9,46611 124

1,315.8

59 460176 425349 601286 065138 089125 792

10 63023, 934

11,2212 739

016 90044' 8475 714

23 3^0

26 483128

52 74629 471

160 931

285 951251,68913 36617 3936 413

23 80234 99056 22042. 900

254515203

155429277

91100

9,54910 524

1, 267. 1

50 046185 169333 232254 356136 808132 610

7 41622, 203

12, 6713 185

020 27252' 98°6 331

21 666

32 944o

47 24023 193

184 989

254 345257, 786

17 57020 8456 188

24 43233 17661 23240. 505

246500204

167468280

100106

10, 09911 566

1,228 3

41 925159 112305 628271 858135 015129 951

7 07817, 466

13, 7182 637o

15 24046 5068 493

23 281

27 182o47 93325 416

1269 992

271 771252 51113 28091 Q9*3

7 12524 g32Q9 CjQQ

59' 78140. 631

r 5 403r 610

r 3, 383r 591r 819

r 4, 553f 2 814

T 130r 673T 936

r +850

r 1 131r HI

r 1 0?0

r 215T 167

r 48

r -4-51915

T _1

248509205

163464284

9597

9 760r 11 061

1 248 9

44 031175' 914334 348276 224136 707127 616

5 50719 546

17 2102 316

Q15 61854 7345 614

22 244

28 376Q

49 30728 370

Q

88 694

276 195

250, 68111 702•I C CfiQ

6 54625 92836 06455' 57147. 235

276568206

175494283

i 10, 094i 11 259

1, 395. 1

49 664199 272382 914295 584146 472138 969

4 50320 863

20, 7953 093

323 38854 1576 020

31 564

35 765Q

50 46430 928

64101 624

295 583269 865

12 87318 084g' ggO

28 31540 00761 45247. 080

257533207

181512283

1 308.8

43 922IQQ 170368 477277 241155 201139 073

4 81417,061

22, 3923 445o

18 18152 8847 163

37 759

29 726209

51 69330 792

1075 531

277 241

278, 5929 036

18 7078 391

27 31239 79266' 49454. 727

5 793423

3,815775780

4, 5673 115

135687630

+1, 226

982— 130

852

391—381

10

+257—8

—102

272569210

172491285

1398. 0

44 323216 589384 872276 743162 407170 360

6 10617, 308

16, 6743 306o

30 10667 7816 784

22' 062

29 679o59 95535 323o81 105

276 730314, 772

11 05522 99711 04435 69143 81666 63362. 927

v 1 275.9

r Revised. * Revisions for October 1954 (thous. long tons): Exports, 7,473; imports, £,_.cf Excludes military expenditures. {Revisions for January-July 1954 will be shown later.§ Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.ITotal exports and data by economic classes and commodities include shipments under the Mutual Security Program. Total MSP military shipments are as follows (mil dol)-

January 1955-January 1956, respectively—85.3; 94.7; 92.2; 93.9; 131.1; 128.0; 127.8; 127.9; 99.1; 119.3; 72.7; 83.7; 82.0.AExcludes shipments under MSP and "special category" shipments not made under this program. $ Includes countries not shown separately.




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued

FOREIGN TRADE— Continued

Valued — Continued

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

Crude materials thous. of doL-C rude foodstuffs __ doManufactured foodstuff sand beverages _ _ doSemimanufactures 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© mil. of dol__Automobiles, parts, and accessories

thous. of doL_Chemicals and related products§ doCoal and related fuels doIron and steel-mill products do

Machinery total§© doAgricultural doTractors parts and accessories doElectrical doMêtalworking§ 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 doNorthern North America doSouthern North America doSouth America do

By leading countries:Africa:

Egvpt doUnion of South Africa do

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

Europe:France doEast Germany do\Vest Germany doItalv doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada do

Latin American Republics, total© doArgentina doBrazil doChile doColombia doCuba doMêxico 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 or cacao beans incl shells doCoffee doHides and skins doRubber crude including guayule doSugar doWool and mohair, unmanufactured do

Nonagricultural products total© doFurs and manufacturers do

Nonferrous ores, metals, and manufactures, totalthous. of dol- -

Copper incl ore and manufactures doTin including ore do

Paper base stocks doNewsprint do -Petroleum and products do

1, 152. 5

154, 12875, 47857, 225

169, 157696, 553

273, 39463, 52318, 69072, 43622, 92025, 566

879.1

109, 26779, 62620, 23053, 673

227, 1798,872

26, 33164, 83414, 893

101, 025

46, 35647, 208

870.3

45, 650151, 478163, 357183, 268144, 864181, 721

1,5007,512

15, 83011, 634

84321, 89334, 41615, 25716, 728

12, 805220

21, 7069,740

69235, 510

183, 239

297, 5167,585

56, 52912, 72638, 72236, 28940, 97647, 716

862.2

201, 735198, 60086, 719

199, 304175, 890

358, 96519, 055

140, 5263,924

27, 71936, 50221, 646

503, 2839,394

75, 00323, 36311, 67222, 20046, 73285, 202

1, 221. 9

147, 44082, 32164, 879

183, 561743, 660

275, 04159, 01020, 31480, 63221, 89522, 986

946.8

117, 66384, Oil27, 08758, 156

242, 32310, 36228, 61669, 84116, 932

104, 242

47, 10449, 588

849.5

51,513140, 966179, 263183, 828138, 023155, 888

1,8217,914

4,15815, 870

81421, 18922, 52617, 84317, 830

13, 170759

21, 75513, 4861,147

48, 699

183, 772

265, 3769,222

36, 04514, 99032, 81234, 52441, 80046, 389

843.3

204, 075169, 29482, 655

209, 166178, 140

318, 96322, 471

107, 8993,506

30, 35836, 33517, 518

524, 3669,975

88, 20729, 48515, 03722, 21043, 20084, 552

1, 329. 7

152, 57196, 34469, 368

188, 825822, 549

295, 43169, 56424, 869

102, 10220, 81526, 769

1, 034. 2

136, 37593, 30722, 94267, 160

268, 45912, 60131, 69471, 53816, 991

121, 462

49, 97363, 230

1, 018. 9

65, 105188, 066225, 429212, 704145, 593181, 983

4,51510, 604

13, 85420, 906

1,03425, 70134, 50918, 37622, 673

19, 836597

31,35421, 298

86655, 535

212, 666

297, 96413, 19840, 58717, 48232, 07545, 85840, 47458, 546

1,005.6

254, 086178, 541105, 029230, 281237, 657

372, 90526, 086

105, 4136,181

39, 47044, 38426, 404

632, 6907,853

95, 27731, 12914, 98428, 29651, 45195, 028

1, 250. 7

136, 23656, 90461, 703

191, 240804, 633

209, 62445, 68022, 65658, 81422, 38015, 573

1,041.1

148, 60299, 03640, 08568, 626

269, 29413, 75031,59578, 48915, 734

116, 779

49, 33857, 248

870.7

56, 291159, 534179, 754204, 344116, 874153, 951

3,3816,321

13, 29719, 629

74416, 66628, 17118, 33722, 620

16, 154272

25, 89414, 183

81050, 370

204, 327

251,08611,04843, 92317, 25819, 99436. 70332, 35344, 190

872.4

224, 817146, 71392, 409

210, 693197, 730

318, 49018,01990, 8824,342

40, 66137, 14423, 629

553, 8736, 452

98, 19730, 49512, 09321. 94550, 32074, 215

1, 299. 0

140, 22462, 73959, 864

191, 393844, 766

228, 06843, 37624, 18263, 73618, 78418, 572

1, 070. 9

142, 96789, 22441, 24865, 908

266, 76213, 34030, 97574, 54417, 840

116, 546

56, 88151, 435

966.1

54, 848196, 428195, 678229, 672121, 274168, 179

1,41710, 905

15, 51822, 967

24128, 37833, 90216, 60531,614

14, 962299

27, 65514, 1211,291

50, 886

229, 640

271, 60510, 59342, 43717,08733, 23631,60938, 52846, 579

958.6

237, 283174, 93195, 657

236, 116214, 563

348, 65811,452

120,0606, 554

39, 59138, 67423, 605

609, 8938,672

109, 20730, 88514, 09325, 25052, 76776, 546

1, 306. 3

156,51986, 77770, 530

185, 248807, 209

278, 99256, 37925, 74886, 04418, 92221, 780

1, 027. 3

123, 30686, 23145, 19364, 512

250, 29311,67330, 56366, 24117, 162

113,417

54, 29148, 841

938.8

46, 765172,416191, 809244, 108112,651171,058

1,8689,781

6,02622, 300

7221, 96734,41814, 47128, 333

16, 886339

32, 65013, 1611,386

46, 650

243, 965

263, 75512, 78938, 91719, 22432, 90135, 90134, 28247, 103

941.9

243, 106143, 479100, 453235,717219,097

311,69615, 57990, 136

5,62833, 97437, 39922, 752

630, 1557,429

110,02440.01713, 24830, 35853, 23982, 675

1, 256. 4

132, 02197, 14369, 742

184, 772772, 730

255, 38011,74624, 62198, 03518, 99039, 720

1,001.0

108, 32686, 65042, 84968, 490

248, 52710, 97827, 87969, 14015, 981

114, 120

61, 62543, 218

885.3

42, 605173, 843186, 566208, 720

97, 032176, 547

2,2735,829

13, 05320, 692

5621,01135, 88015, 50226, 229

15,512693

30, 21812, 4132,025

52, 662

208, 589

258, 17111,39151, 82314, 77335, 45232, 86630, 39042, 647

879.0

219, 902148, 64593, 594

211,427205, 399

300, 6648,592

102, 3755,219

28, 50940, 30822, 096

578, 3045,812

99, 81434, 60914, 80023, 48546, 79475, 272

1, 219. 4

139, 14884, 50362, 718

184, 127748, 936

222, 06211,95724, 06283, 41719, 81434, 758

997.4

96,11591, 77251, 94862, 075

221, 9469,203

23, 46758, 40814, 906

107, 047

61, 86746, 060

958.9

47, 641187, 165198, 698244, 71193, 949

186, 698

1,3654,273

11,25122, 673

84818, 80339, 38418, 96731, 290

17, 142272

34, 13214, 1471,175

55, 507

244, 342

262, 44611,86146, 80915, 27340, 06733, 81627, 14750, 404

959.2

250, 407141, 28996, 877

253, 465217, 124

315, 63115, 75994, 1414,837

39, 85442, 08623, 678

643, 5324,437

119, 89642, 29715, 36631, 73854, 38185, 459

1, 239. 6

177, 04469, 12569, 979

197, 440726, 024

257, 87921,91421, 87275, 12418, 32363, 749

981.7

87, 13891, 16853, 13969, 547

234, 1647,342

20, 28266, 92215, 621

113,814

53, 21549, 499

945.1

50, 444169, 362207, 166234, 53191, 127

192, 516

1,5077,789

11,21120, 946

2,54717,41638, 97618, 46119, 537

17, 440632

32, 51111,7161,983

49, 433

234, 196

259, 86913, 29566, 03314, 43028, 69932, 65427, 10042, 801

951.0

254, 593138. 53390, 986

243, 379223, 491

305, 77811,34296, 6783,167

37, 75732, 65620, 963

645, 2045,215

123, 24048, 23613, 87428, 79048, 44984, 180

1, 384. 9

206, 91362, 95680, 820

213, 637820, 569

290, 10235, 95229, 17165, 17624, 61863, 719

1, 094. 8

90, 39397, 65856, 17478, 046

268, 4807,402

30, 37267, 83019, 251

131, 254

58, 56656, 184

1, 009. 8

50, 189167, 362237, 722239, 11487, 889

227, 561

8237,124

4,81020, 155

80717, 87543, 82616, 25915, 840

17, 654436

37, 72219, 2653,050

59, 543

239, 114

294, 4028, 583

77, 45013, 52260. 60635, 47120, 24846, 159

1,013.0

244, 327191, 03495, 054

239, 781242, 793

352, 5239,869

146, 8134,887

38, 28628, 74421, 694

660, 4643,403

121,09944,91115,09128, 94253, 22281, 840

1, 299. 3

182, 89471, 41884, 864

195, 337764, 776

294, 22326, 69724, 80172, 36225, 32847, 214

1, 005. 1

106, 75693,00247, 61474, 053

267, 6697,621

29, 04671, 63617, 859

129, 542

48, 22753, 489

1, 064. 2

44, 716184, 843254, 637240, 578114, 948224, 517

1,5946,914

10, 95918, 474

96520, 49247, 79621, 33514, 699

21, 438400

37, 00019, 006

56059, 403

240, 433

312, 2838,434

76, 88523, 10643, 71637, 79830, 67149, 915

1, 050. 6

247, 693193, 732104, 694251, 584252, 943

360, 38613, 987

138, 1924,476

43, 05327, 89818, 899

690, 2613,568

125, 01448, 28514, 27229, 87854, 72295, 184

1, 386. 7

175, 85782, 94486, 134

213, 909827, 895

308, 30131, 22425, 03780, 14927, 21934, 560

1, 078. 4

125, 01597, 13146, 20781, 173

287, 3469,424

34, 45673, 54119, 834

137, 720

55, 68449, 669

1, 014. 5

63, 062161, 765233, 475226, 240117, 720212, 216

3,34810, 993

7,11117, 932

66420, 41138, 15620, 37311, 345

19, 368519

33, 56917, 2701,890

52, 150

226, 209

301, 9247,925

54, 73620, 51543, 65328, 09633, 32863, 087

1, 006. 2

267, 928172, 39878,589

255, 324231, 994

320, 45312, 445

123, 4943,907

41, 36618,91917, 677

685, 77915, 145

127, 80450, 11513, 59524, 59557, 364

114, 237

pi, 262. 9

"1,045.0

r Revised. J» Preliminary. {Revisions for January-August 1954 will be shown later. H See similar note on p. S-21.9 Data for semimanufacturers reported as "special category, type 1" are included with finished manufactures.©Includes data not shown separately.§ Excludes "special category, type 1" exports.


March 11)56 SURVEY OF CURRENT BUSINESS S-23


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Operations on scheduled airlines: §Miles flown, revenue thousands. _Express and freight ton-miles flown doMail ton-miles flown _ do__Passengers carried, revenue _ _ _ do.Passenger-miles flown revenue millions

Express Operations

Transportation revenues thous. of dol__Express privilege pavments do

Local Transit Lines

Fares, average cash rate _ ..cents..Passengers carried revenue millionsOperating revenues mil. of dol

Large Motor Carriers (Intercity)

Carriers of property (quarterly totals) :̂Number of reporting carriersOperating revenues, total thous. of doL.E\pences total doRevenue freight carried thous of tons

Carriers of passengers, class I (quarterly totals) :Number of reporting carriersOperating revenues total thous of dolExpenses total doRevenue nassengers carried thousands

Class I Steam Railways 0

Freight carloadings (A. A. R.):cTTotal cars thousands

Coal doCoke doForest products do _ _Grain and grain products doLivestock _ do _Ore doMerchandise, 1. c. 1 -doMiscellaneous do

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

Coal doCoke doForest products doGrain and grain products doLivestock _ _ _ d o _ _ _Ore _ doMerchandise, 1. c. 1 _ doMiscellaneous do

Total adjusted doCoal do -Coke doForest products - doGrain and grain products doLivestock _ _ _ _ _ _ _ _ _ _ do_ _Ore doMerchandise, 1. c. 1 _ _ do _ _Miscellaneous do

Freight-car surplus and shortage, daily average:Car surplus, total 9 number

Boxcars _ _ _ _ _ _ _ _ _ _ _ d o _Gondolas and open hoppers do

Car shortage, total 9 doBox Cars 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

mil. of dol__Net railway operating income- _ _ _ _ do. _Net incomet _ _. _ _ do

Operating results:Freight carried 1 mile mil. of ton-miles. _Revenue per ton-mile cents.Passengers carried 1 mile, revenue millions. .

Waterway Traffic

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

Foreign vessels. doUnited States vessels do

Panama Canal:Total. ._ _ __. thous. of long tons

In United States vessels do

45, 09215,3476,5742, 6011,485

27, 2588,965

14.1783

119.6

2,50548840

1641893558

2341,297

110103127133132615337

123

12110312114813264

21039

134

71,0879,568

49, 286368341

3

752.7625.965.3

590.0

94.168.751.9

48, 1611.3572,488

8,4496,2612,188

3,4531,065

40, 79014, 7536,6942,3671,320

26, 8498,993

14.1731

113.0

r 2, 556M99

r 4117117725

'54'241

r 1, 348

113105131138124454939

128

122105124144127

5619840

136

47, 1716,445

30, 14568766523

724.3611.855.3

564.1

93.666.646.1

46, 0981.3822,057

8,7486,4372,311

3,376987

45, 69618, 1747,5972,7321,521

32, 32613,712

14.2837

126 3

789763, 552722, 33952 405

15977 33277, 87670, 136

2,62144742

1681712767

2551,444

11591

134135120495940

137

12391

133135130

6220440

144

38, 4683,351

28, 2301,4271, 334

34

825.2703 256.5

612.0

115.497.777.9

50, 9961.4232,117

9.4466,8842,563

3, 7601,123

45, 78617, 4277,2682,9501,620

29, 58011 411

14.3800

124 2

3,43356956

20521740

179308

1,859

12095

14213312358

13639

140

12395

14413314065

17739

142

21,8102,398

11,6572,4181,834

281

796.0673 958.2

602.2

106.487.467.0

51, 2051.3722,222

10, 1417,3622,779

3,6691,305

47, 30217 7276,9762,9761,592

29, 92111 483

14.3802

121 8

3,063510

4717919429

307251

1,547

13010514714513752

27140

146

12810514913915557

17740

144

14,4142,9112,3176 3503, 8662,048

850 4724 759.2

634.9

114.2101.286 7

55, 8331.3542,270

11,1837,9863,197

3 7501,316

47, 52618, 9336,9103,1211,765

33, 34113 858

14.3756

116 3

787789, 338748, 37653, 467

15992, 60783,61376, 367

3, 085529

4718620823

332258

1,503

13099

14815315541

29642

144

12599

15114715250

19142

140

9, 5833,383

86610 4566, 1033,788

875 1737 966 8

644 9

124.2106 088 1

54, 9381.3892,561

11, 5548,4953,059

3 4641,333

49, 18016 9676, 3053,0701,760

29, 62210 314

14.4665

107 9

3,731553

57219335

27416324

1,799

13110415114619741

30542

140

12510415614516450

19043

139

8,467250

3,00813 49110, 8242,362

849 6711 270.0

644 8

112.192. 672 4

54, 4631.3662,793

11, 7908 6043,186

3 9321, 419

T 50, 06020 5786,8273,0641,748

32 56012 392

14.4700

113 4

3 114528

50192217

27344257

1 499

13110916015615249

30341

142

12610916614814151

20240

140

5 164274372

13 3698 0185 179

905 1764 968 2

669 7

125.7109 790 6

57, 0441.3732,743

11,8398 6903,149

3 7031,469

48, 39421 3666, 7363,0711,692

32 98613 421

14.5745

111 3

789807, 935771 14454 515

157110 23690, 92680 363

3 14253551

18520840

352249

1,522

13811516715515480

32041

151

12711516914313860

21339

139

5 045453297

12 9227 2995 332

876 6745 959 6

651 8

121. 0103 879 6

57, 2221.3512,315

11 8858 8423 044

3 8831,517

49, 20121 526

7, 0153,0811,674

33 73014 193

14.6773

120 1

4 12469766

23128771

410327

2,036

13911516614916210328341

154

129115169141162

67202

40141

3 505136894

20 94211 6158 692

907 6777 5

55 9671 3

125.4110 990 0

60, 6941.3322,152

11,8228 7623 060

3 8101,268

45, 59219 2577,0092,7051,453

33, 76113, 476

14.6768

122.5

3,05455953

167207

50251247

1,520

13512117314114991

21240

149

13112117314415272

20240

143

3 574247359

15 9168 9526 672

873 9744 157 8

656 8

114.1103 179 9

55, 2291.3852,162

3 279L045

48, 50021 51010, 0772 7241,578

40, 97814 304

14.7801

131 7

3 41772669

210220

46103284

1,760

124124181140127667337

137

13412417215813668

23539

145

5 558598870

3 6731 4842 005

858 2706 469 9

695 2

85.377 895 0

53, 722

3 7071,051

14.7737

2,71357355

1731853474

2251,394

124123181145135626737

137

13712317216113565

26839

149

5 7571 451

7612 9451 5031 246

831 6703 965 1

661 4

107.362 9

3 508968

2,751563

551731822680

2381,433

121115171141129477138

136

13211516114713159

28539

145

5 1^1979448

3 3552 366

870

r Revised.§Beginning January 1955, data include local service operations of one carrier.1 Data beginning 1st quarter 1955 cover large motor carriers having annual operating revenues of $1,000,000 or above.(B Beginning January 1956, data represent operations of 121 carriers on the revised I. C. C. list of Class I. line-haul railroads; earlier data cover 129 carriers.cf1 Data for April, July, October, and December 1955 are for 5 weeks; other months, 4 weeks. 9 Includes data not shown separately. {Revised data for December 1954, $118,500,000.




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

TravelHotels:

Average sale per occupied room dollars. _Rooms occupied percent of total _ .Restaurant sales index same month 1929=100--

Foreign travel:U S citizens' Arrivals number

Departures doAliens' Arrivals do

Departures doPassports issued and renewed do

National parks, visitors ._ -thousandsPullman Co.:

Revenue passenger-miles millions. .Passenger revenues thous. of dol._

COMMUNICATIONS

Telephone carriers:Operating revenues 9 thous. of dol.-

Station revenues doTolls message do

Operating expenses, before taxes _ _ .-do _ _ _Net operating income doPhones in service, end of month thousands. .

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

Operating revenues thous of dolOperating expenses, incl. depreciation doNet operating revenues do

Ocean-cable:Operating revenues _ .. doOperating expenses, incl. depreciation doNet operating revenues do

Radiotelegraph:Operating re venues doOperating expenses, incl. depreciation doNet operating revenues do

7.1773

252

69, 27276, 63845, 88130, 47234, 356

318

7029,224

441, 354258, 047146, 783289, 31862, 14346, 093

17, 55215, 953

737

2,6762,104

301

2,7542,272

333

7.2574

252

80, 02185, 52441,74530, 23540, 173

309

5877,710

429, 188254, 859137, 976281. 24060, 26146, 310

16, 99614, 8801,302

2,4521,972

220

2,6352,198

351

7.0275

241

91,53598. 61551, 58638, 96356, 399

437

6007,884

454, 235260, 606157, 059307, 21059, 12346, 545

19, 85916, 3322,677

2,9332,068

599

2,8932,306

466

7.6573

259

90, 092104, 60457,12940,23260, 675

690

5437,129

449, 942261, 586151,080299, 16561, 14846, 746

18, 92015, 8252,254

2,5792,088

236

2,6892,275

296

6.9874

277

109, 558107, 29061,41942, 71371,0551,162

5216,823

457, 793263, 022157, 307306, 50361, 22046, 961

19, 59816, 4462,300

2,7712,131

367

2,7432,317

306

7.6174

280

105, 876140, 12760, 76553, 22671, 626

2,547

5717,500

460, 582264, 035158, 688304, 35464, 29447, 175

20, 04216, 5352,660

2,9022,123

521

2,8752,302

452

7,1965

235

134, 363149, 95964, 02250, 39640, 624

4,492

5457,148

454, 265261, 072155, 069301, 55461, 97947, 406

18, 11016, 574

714

2,7692,128

364

2,7612,272

374

7.9771

260

157, 479113, 46873, 69251, 89740, 9634,472

5647,388

475, 538265, 605170, 757318, 78864, 08447, 652

20, 17517, 2152,155

2,8172,156

374

2,9542,247

601

7.7874

258

134, 96387, 53480, 73851, 20531, 086

2,070

5336,971

467, 757267, 576160, 757309, 829

64, 40147, 952

19, 45116, 9261,758

2,9632,169

516

2,9972,300

585

8.1778

265

104, 19275,86166, 38145, 02526, 7461,170

5557,252

475, 879273, 400162, 431312, 558

68, 09648, 232

19, 07416, 4701,872

2,8311,983

578

2,9852,311

572

8.0771

260

84, 89068, 48456, 83938, 98425, 990

432

5617,311

477, 855275, 117162, 516317, 94966, 58248, 550

18, 66516, 3651,592

2,7242,030

448

2,9732,428

473

7.1058

236

83 769

58 763

28, 310310

5997,827

20 37617, 2092,770

3,0401,966

798

3 2502, 557

639

7.5371

257

36, 660356

7.4775

257

44, 658

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) „_ . _ do ...

Nitric acid (100% HNOs) do _ .Oxygen (high purity) mil. of cu. ftPhosphoric acid (50% HsPOO .short tons__Sodium carbonate (soda ash), ammonia- soda process

(58% Na2O) short tons.-Sodium bichromate and chromate doSodium hydroxide (100% NaOH) do -Sodium silicate, soluble silicate glass (anhydrous)

short tonsSodium sulfate (Glauber's salt and crude salt cake)

short tonsSulfuric acid:

Production (100% H2SO4) thous of short tonsPrice, wholesale, 66°, tanks, at works

dol per short tonOrganic chemicals :cf

Acetic acid (synthetic and natural), productionthous oflb-.

Acetic anhydride production doAcctylsalicylic acid (aspirin) production doAlcohol, ethyl:

Production thous of proof galStocks, snd of month, total . __do ...

In industrial alcohol bonded warehouses do -In 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 oflbEthyl acetate (85%) production doEthvlene glycol, production doFormaldehyde (37%HCHO) production doGlycerin, refined, all grades:

Production doConsumption do --Stocks end of month do

Methanol, production:Natural thous of galSynthetic do _ -

Phthalic anhvdride. Droduction thous. oflb.

270, 36362, 38842, 666

260, 35767, 494

213, 7322,349

276, 286

385, 7879,000

301, 769

49, 451

75 973

1,313

22.35

43, 07167, 8861 194

35, 30452, 13031, 72420, 40635, 045

703

18, 86219, 3464,934

9,5659 3597,336

51, 59977, 226

18, 56614, 83630 073

17015, 39325, 798

249, 39853, 80440, 551

232, 82662, 751

190, 1082, 132

289, 323

359, 5698,181

275, 326

50, 490

69 511

1,266

22.35

36, 94460, 3531 202

33,01553, 06831, 79121, 27732, 792

672

17, 67717, 1745,455

8,9349 3198,395

55, 20695, 422

17, 27514, 64228, 391

15713, 82524, 976

285, 23972, 52253, 813

269, 31969, 599

206, 9322,466

312, 208

420, 0859, 538

317, 245

62, 841

68 483

1,388

22.35

48, 10078, 5901 509

35, 61548, 10927.31620, 79337, 855

927

20, 40420, 6455,238

11,06410 4564,571

60, 605111,366

20, 03216, 30628, 699

16715, 53130, 450

286, 56771, 92358, 644

235, 15859, 266

201,9562,422

311,551

387, 2429, 657

278, 266

48, 451

66 972

1,339

22.35

45, 25672,1271,217

37, 78449, 72027. 99121, 72936, 230

650

19, 50420, 1564,504

10,1679,2169,006

55, 756104, 641

18, 34515, 69226, 913

18515, 88629, 263

296, 79974, 50573, 859

294, 84771, 677

191, 7432,422

306, 851

442, 59410, 734

336, 554

54, 900

72, 365

1,373

22.35

41, 62170, 4771,413

39, 52351,87330, 90420, 96935, 023

795

18, 87819, 3824,013

10, 68110, 7036, 171

72, 854104, 700

20, 46115,84827, 061

19216, 74029, 339

261, 28573, 94180, 244

292,908 '73, 362

178, 4282,326

261, 312

416, 14710, 289

338, 232

56, 923

66, 925

1,255

22.35

43, 72967, 6641,406

36, 49949, 98428, 54521, 43937, 046

902

19, 98918, 5855,267

13, 01410, 6736,639

74, 90999, 344

21, 38416, 05528, 688

18616, 07124, 851

236, 75977, 52791, 906

291,42468,693

173, 5952,249

197, 401

380, 4229,690

330, 413

40, 905

63, 263

1,122

22.35

43, 98766, 3591,099

35, 85544, 84231, 25713, 58540, 970

720

22, 18018, 8748,642

8,53811, 3347,017

82, 83182, 131

15, 60814, 16525, 880

18117, 46331, 582

237, 20274,63496, 362

295, 49266, 577

173, 0572, 397

244, 502

392, 9649,967

332, 687

42, 238

66,232

1,202

22.35

44, 64769, 499

912

36, 26338, 56024, 87713, 68339, 225

1,007

21, 14021, 4768,383

' 11. 56711, 2777,726

86, 96393, 912

22, 10216, 51028, 146

18717,46529, 735

231,95471, 37477, 167

293, 92969, 399

173, 0972,384

318,254

413,0719,982

334,488

55, 154

67, 906

1,259

22.35

47, 42166, 299

716

40, 92339, 41725, 99413, 42437, 831

929

20. 42518, 8939,825

9,80710, 1907,765

84, 88597, 092

20, 43617, 19329, 200

19017, 59030,414

265,86876,03363, 138

316, 61479, 237

190, 5562,582

320, 269

442, 61210, 801

357, 013

56, 279

74, 570

1,355

22.35

47, 01470, 7221,705

40, 90340, 27328, 06212, 21136, 894

908

19, 91422,6077,079

10, 34010, 2737,809

84, 693107, 005

23, 09317, 64730, 241

19717, 69831, 174

268, 85980, 686

r 52, 606r 308,113

76, 418

199, 341r 2, 644

298, 313

434, 15910, 287

345, 872

58, 811

74 934r 1, 418

22.35

47, 26373, 4911, 385

41,91144, 71034, 9129,798

37, 787946

20, 38321, 2736,065

r 10, 72310,3106,124

75, 535111,181

21, 81917, 05430, 546

18617, 20629, 980

272, 74885, 611

r 49, 467316 948

78, 154r 212, 921

r 2, 734304, 081

432, 31910, 398

356, 573

53, 826

70, 329r 1, 469

22.35

47, 77180, 0271,606

41, 17240, 47930, 7269,753

49, 178888

26, 42125, 4917,701

9,71010 9917,636

82, 575107, 479

22, 94315,71934, 280

19619, 67529, 749

v 22. 35

40, 44741, 98933, 245

8,74438, 770

783

20, 37821, 7486,487

24 83616,29736 680

r Revised. » Preliminary. 9 Includes data not shown separately.cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.


March SURVEY OF CURRENT BUSINESS S-25


1955

Janu-ary

Febru-ary March April May June July August |~- October Novem-

berDecem-

ber

1956

Janu-ary

Febru-ary

CHEMICALS AND ALLIED PRODUCTS—Continued

FERTILIZERS

Consumption (10 States)© thous. of short tons.-Exports, total 9 short tons-_

Nitrogcnous materials - -- _ _ do, _ _Phosphate materials __ - _ doPotash materials _. _ _ _ _ . do

Imports, total 9 - - - - - . _ - - d o _ _ -Nitrogenous materials, total - do

Nitrate of soda doPhosphate materials doPotash materials . _ _ _ _ _ _ do.

Price, wholesale, nitrate of soda, crude, f. o. b. cars,port warehouses - _ _ dol. per short ton

Potash deliveries -- - . _ . _ short tonsSuperphosphate (100% available phosphoric acid) :

Production _ short tonsStocks end of month do

MISCELLANEOUS

Explosives (industrial), shipments:Black blasting powder thous. of IbHigh explosives _ - do

Sulfur (native):Production thous. of long tonsStocks (producers')? ?nd of month do

FATS, OILS, OILSEEDS, AND BYPRODUCTS

Animal fats and greases :cfTallow, edible:

Production thous. of IbConsumption, factory If doStock (incl. refined grades), end of month... do

Tallowr and grease (except wool), inedible:Production _ doConsumption factorv t doStocks (excl. refined grades) , end of month do

Fish and marine mammal oils:AProduction t doConsumption, factory doStocks, end of month do

Vegetable oils, oilseeds, and byproducts:Vegetable oils, total:

Production, crudet - _ _ mil. o f lbConsumption, crude, factoryt doStocks, end of month :J

Crudet do _ _ _Refined § . _ do

Exports - __ ._ . _ thous. of IbImports, total do

Paint oils. _ _ doAll other vegetable oils . - _ do. _

Copra:Consumption, factory ._ _ _. _ short tonsStocks, end of month doImports _ _ _ do

Coconut or copra oil:Production:

Crude thous. of IbRefined. _ _ _ . _ _ _ _ _ d o

Consumption, factory:Crudet doRefined. _ do

Stocks, end of month:Crude doRefined _ _ do

Imports _ _ do

Cotton seed :tReceipts at mills _ _ thous. of short tonsConsumption (crush) doStocks at mills, end of month _ _ d o . .

Cottonseed cake and meal:tProduction short tonsStocks at mills, end of month _ _ d o ._

Cottonseed oil, crude :tProduction _ _ _ _ _ _ _ thous. o f l bStocks, end of month do

Cottonseed oil, refined:Production. _ _ _ _ doConsumption, factory dn

In margarine do

Stocks, end of month §t mil. of lb- -Price, wholesale, drums (N. Y.) dol. per lb._

511284, 95949, 490

216,27010, 529

228, 075190, 50659, 3599,294

12, 868

51 25

187, 873

209, 017347, 161

1,01752, 571

4473,214

16,12112, 59212. 551

193, 409132,687261,572

5328,275

51, 494

547524

674806

95, 71140, 0532.049

38, 005

29, 21116, 57925, 448

36, 74728, 899

43 61324, 231

68, 71511, 98210, 459

119598

1,842

293, 109242, 133

196, 278141, 494

159, 433144, 29528, 524

661.206

786321. 46597, 057

172,07421,039

236, 247165,44949, 46311, 19441,339

51.25

200, 116

210, 165347, 728

81053, 167

4003,201

16, 41812,54714, 256

191, 746129 682250. 673

3128,391

47, 554

487489

671689

168, 75145, 3066,858

38, 448

22, 41515, 73619, 810

28, 73727, 596

43 04324, 327

61, 01211, 77214,617

84514

1,412

254, 430257, 064

169, 946145 221

141, 252141, 28825, 294

546.206

1,839287. 049

59, 568183, 344

24, 519

353, 695256, 70270, 53520, 12648, 161

51.25

266, 832

228, 764274, 322

87658, 535

4353,091

16, 05613,00414, 590

202, 762140 061251, 603

34510, 56446, 141

493564

645714

27, 24840, 2331,402

38, 832

28, 34415, 31334, 819

36, 06832, 005

49 80128, 476

68. 57311,84412, 225

36438

1,010

218 99$278, 909

150. 978125, 738

161, 402138, 28528, 949

568.198

1,650378, 10576,515

268, 96911,172

241,2691 77, 02961,015

9, 71225, 904

51.25

235, 857

233, 572221 442

68562, 651

4382,996

1 5, 88812, 35615,067

192,363129 273243, 923

1,41512 73236, 962

441486

617703

26, 05238, 601

2, 60236, 000

31, 08916, 67425, 234

40, 43828, 240

43 34227, 496

73. 99611, 0549, 633

13318705

154, 119273, 098

110,834106 593

117, 110119 302 \19, 105

562.199

1,001324, 91948, 403

257, 181.12, 160

322, 9041 60, 94371, 7688 030

1 5, 778

51. 25

164, 411

210,818248 022

34665, 632

4562 925

22 45115, 39415, 893

203, 501138 140241, 165

9,98911 43836, 045

443496

579656

50, 80942, 4472, 766

39, 681

28, Oil19, 23131, 743

36 05629, 282

46 34429, 755

73. 1199 5549 835

7285422

139 630266, 945

101 98796 409

105, 7C9135 36621, 325

527.207 i

559232 87833,511

177, 5839,242

164, 745113 11652, 9142 536

12, 104

51. 25

61, 750

143, 181289 542

28068, 967

4252,875

16, 82314, 93815, 398

204,311132 798237, 456

40, 57410 96868, 129

415495

514564

77. 63645 9362, 194

43, 742

32, 93318, 47430, 524

41,32730, 955

46 23426, 40°

78, 60310 17414 265

19197243

95 378237, 998

67 25173 552

87, 033134 56020, 718

433. 222

241285, 45231, 568

206, 69935, 078

146,92780 66842, 87615 89828 107

51.25

93, 209

93, 769291 246

31560, 043

4882 887

14 55212, 92714, 283

190 48398 629

249, 906

33 9869 337

61,779

390391

490479

111 21536 6393 503

33, 136

22, 92622 2 228 115

29 14423' 909

34 59821 431

84, 97912 76010 969

131165209

78 293203 090

56 96253 915

59 12095 85914] 330

3 4 4 !.215

172344. 30540, 228

270, 63122, 784

124,70282 69326, 07410 4216,798

51.25

115 859

136 990292 176

47874, 622

5012 943

19 09415 32214, 299

216 060128 855251^071

28 9449 653

70 455

41*447

485429

40 77034 2711 299

32, 972

31, 20317 69725 099

39 83538 211

54 33433 155

85, 52913 24215 790

349212345

103 409169 703

70 39158 955

57 996105 13716, 336

287.201 1

292488 983

76 340377, 47224 752

175 655120 56657, 6749 784

17 946

51 25

137 897

182 209301 413

46669 589

4993 000

16 95615 01812, 277

206 370138 630252, 569

26 16111 23394 337

493482

504409

60 68832 2F03 933

28 318

27, 42024 08542 014

34 74734 988

52 94432 556

82, 53314 0678 771

1 066494917

233 349150 240

159 43187 689

96 846101 70720, 868

273.188 1

440472, 20289, 376

362. 41313 771

14g 98185 409

28. 2738 654

33 838

51 25

145 617

214 898318 512

52169 983

5453 004

16 32615 14311,399

221 236137 471240 419

15 43212' 37598 049

671573

563426

63 51724 732l' 145

23 587

31 94019 43142 335

40 68932 465

49 21332 720

78, 82512 5819 244

1 689708

1 898

328 503170 721

236 807155 640

140 847125 25524, 473

283.191

428355, 75886, 295

239,01318, 490

175, 413121 30934, 65210 15733 407

51.25

161, 564

216, 247333 608

41167, 244

5373 095

20 26114, 53213, 492

249 132134 692267, 871

12 20012 977

104 893

665597

654468

73 05943 6773 375

40 302

26, 87317 26723 401

34 37831 688

49 °7332 535

75, 87114 40719 139

1 406' 781

2 523

370 633173 74 9

262 589204 °67

189 943130 45331,115

324.188

3rO355, 137107, HO22", 56011.379

194, ^28126 7" 9

53, OPO1Q 96940 156

51 25

153 431

r231 613r378 360

41863 900

5743 181

16 15811 31215, 423

237 018137 387289, 745

T 5 235T 13 79^

r!04 728

616r 591

678523

126 80240 F5':)2 £36

38 023

25 40720 13722 268

32 53225 719

42 97227 072

75, 91313 16410 367

570672

2 421

317 153163 049

226 931192 182

185 720117 03826, 834

378.188

p51 25

198 819

'254 696i 420 496

52265 162

5313 216

17 91312 49914,519

240 277127 518303, 179

1 22310 57082 552

639590

692567

31, 03523 721

39 3302X 902

47 85127 613

82, 7071510}

169692

1 898

320 731191 461

231 041192 547

174 91519^ 01531, 208

417P. 192

r Revised. v Preliminary. i Includes "other phosphatic fertilizers" as follows: Production, 17,340 tons; stocks, 20,843 tons.© States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arfcins-is, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,

consumption in that State is as follows (thous. short tons): 1955—January-March, 287; April-June, 349; July-September, 71; October-December, 92.9 Includes data not shown separately.cf1 For data on lard, see p. S-29; figures prior to 1955 for tallow will be shown later.1 Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.

A Beginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantitiesof these oils held by producing firms.

t Revisions for January -July 1954 (August 1953-July 1954 for cottonseed and products) will be shown later.§ Includes stocks owned by the Commodity Credit Corporation.


S-26 SURVEY OF CUREENT BUSINESS March 19D6


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

CHEMICALS AND ALLIED PRODUCTS—Continued

FATS, OILS, ETC.— ContinuedVegetable oils, oilseeds, and byproducts— Con.

Flaxseed:Production (crop estimate) thous. of buOil mills:!

Consumption doStocks, end of month do_

Price, wholesale, No. 1 (Minneapolis) _dol. per bu__Linseed oil, raw:

Production! _ _ thous. of lb__Consumption, factory! _ do. _ _Stocks at factory, end of month! doPrice, wholesale (Minneapolis) dol. perlb_-

Soy beans:Production (crop estimate) thous. of buConsumption, factory _ do_Stocks end of month do

Soybean oil:Production:

Crude thous. of IbRefined do

Consumption, factory, refined! __ _-do_ _ _Stocks, end of month:

Crude _ - __doRefined! do

Price, wholesale, refined (N. Y.) dol. per lb_.Margarine:

Production thous of IbStocks (factory and warehouse), end of mo cf. doPrice, wholesale, colored, delivered (eastern U. S.).

dol. per IbShortening:

Production thous. of lb__Stocks end of month cf 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 Ib _Molding and extrusion materials, __ _ _ __do

Nitrocellulose sheets rods, and tubes doOther cellulose plastics _ -do

Phenolic and other tar acid resins __doPolystyrene doUrea and melamine resins doVinyl resins doAlkyd resins _ doRosin modifications doMiscellaneous . _ _ _ d o _ _ _

2,3414,5503.35

46, 20434, 933

181, 927.123

21, 48333, 243

230, 957205, 325192, 795

118, 60280, 090

.194

124, 47623, 763

.273

172, 515119, 826

109, 79645, 01764, 779

3,2906,908

414553

34, 39436, 86020, 69853, 78231,44111,35335, 806

1,8844,2763.36

37, 05840, 974

164, 731.125

19, 77724, 355

214, 068187, 174185, 616

128, 11473, 078

.194

119, 80325, 467

.273

168, 263128, 537

104, 02344, 36359, 660

3,2157,177

364559

37, 19536, 36020, 67651, 65031, 90910, 47837, 041

1

3,1382, 5593.25

59, 70343, 533

171, 597.123

19, 52517, 549

210, 643219, 803219, 097

107, 73268, 183

.187

125, 78128, 390

.273

187, 778150, 179

133, 31154, 07279, 239

4,2817,422

483744

41, 4591 44, 185

24, 95659, 76738, 89912,12642, 259

1,8611,6543.24

36, 80145, 085

161, 853.125

20, 03112, 912

218, 083199, 755194, 676

104, 43866, 197

.186

104, 40726, 428

.273

159, 921158, 191

135, 08953, 09681, 993

3,2657,574

427584

39, 44841,82423, 71156, 77338, 83512, 09647, 846

2,0141,0063.34

40, 70743, 619

139, 750.131

21,01210, 200

229, 163217,411211, 230

94, 69564, 702

.188

112, 56923, 484

.273

182, 210145, 034

143, 39754, 44388, 954

3,2477,758

403561

39, 87642, 55022, 63661,73138, 44411,82048, 750

1,5521, 0353.35

30, 89150, 888

110, 324.131

22, 11910, 775

243, 635224, 826216, 075

83, 16467, 247

.191

105, 02425, 580

.273

188, 782154, 234

149, 72156, 33693, 385

3,9037,723

415333

41, 99442, 27321, 23156, 11839, 13611, 66547, 143

2, 0231,8073.29

41, 24845, 99162, 259

.132

21, 34710, 541

235, 756182, 704166, 083

119, 55967, 093

.185

79, 69924, 252

.273

121, 993138,949

124, 56347 20877, 355

2.2836,271

260313

30, 28835, 74917, 11054, 62831, 97912, 303

' 44, 395

2, 6353, 0343.15

52, 55346, 62963, 138

.135

19, 8917,201

219, 494213, 451190, 072

113,57878, 623

.181

91,59220, 632

.273

151,447149,813

137, 60955, 30982, 300

3,3907,681

413332

39, 08741, 14422,41657, 02235, 88610, 767' 47, 884

3,0644,7973.08

61, 40346, 72468, 623

.136

18,71220, 117

206, 411202, 904210, 645

109, 17870, 699

.171

113,92322, 206

.273

158, 370140, 726

133, 26752, 19881, 069

4,0128,728

396430

42, 22150, 30424, 28060, 96836, 70012, 148

* 52,722

4,2757,1663.10

84, 70856, 22080. 294

.130

25, 38874, 133

279, 908240, 688220, 896

109, 69577, 514

.174

124, 42825, 881

.273

180, 783136, 658

125,21454, 79270, 422

3,8808,374

415385

44, 61948, 46026, 49862, 15935, 48012, 628

r 55, 953

3, 1327,5423.17

62, 49341,236

108, 296.127

25, 39488, 365

277 042232, 664215,687

135, 08482,310

.175

116.44722, 835

.273

161.917137.012

118, 99353, 22365, 770

3,4958,394

451643

' 44, 66548, 27225, 19762, 20034, 464

r 11,083' 57, 917

1 40, 638

3 2636, 6953.21

64, 47043, 583

136, 013.128

1 371, 27623, 86981, 784

261,550232, 155234, 323

138, 23279, 686

.173

115 21823, 703

.273

141, 387142 961

101,24146 00055,241

4,0417,705

428433

43, 04447, 43424, 20661, 28535, 68910, 61758, 247

3 2685, 5733.35

64, 49042, 102

135, 331p. 133

24, 44573 783

270 046239, 846238, 205

137, 24681, 682

p. 182

133 85322, 611

p. 273

150, 136125 447

127 83451 23276 602

3.47

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), totalmil. of kw.-hr

Electric utilities, total - - - _ do_ _By fuels doBy water power do

Privately and municipally owned utilities— .do. _ _Other producers (publicly owned) do.

Industrial establishments, total, do_ _By fuels doBy water power - - _ _ _ _ _do- _

Sales to ultimate customers, total (Edison Electric In-stitute) . _ _ _ .mil. of kw.-hr .

Commercial and industrial:Small light and power doLarge light and power - - do -

Railways and railroads _ _ _ do_Residential o r domestic _ _ _ _ _ _ _ _ _ _ _ ._ _.do _ _Rural (distinct rural rates) do -Street and highway lighting __ _ _ _ _ _ _ doOther public authorities doInterdepartmental _ _ _ _ _ _ _ d o _ _

Revenue from sales to ultimate customers (EdisonElectric Institute) thous. of doL

50, 40443, 95534, 5269,429

36, 2947,661

6,4486,139

309

38, 198

6,38418,414

43711,071

60142182940

660, 153

46, 26940, 23031,659

8,571

33, 2307,000

6,0395,742

296

37, 654

6,31118, 133

39910, 958

60537982248

655, 779

51,15344, 44934, 05110, 399

36, 2488,201

6, 7036,375

329

38, 283

6,26919, 253

41610, 375

71937183051

651, 058

48, 37642, 03531,56710, 468

34, 2577,778

6,3416,017

324

38, 140

6,22519, 496

3749,917

92833481750

644, 841

49, 93943, 35433, 5399,815

35, 3268,028

6,5856,277

308

38, 127

6,24020, 248

3659,208

87931482249

639,059

50, 72544, 23434, 5259,709

36, 0128,222

6,4906,204

286

38, 850

6,58620, 778

3708,975

958296837

52

647, 704

52, 92446, 62537, 2759,350

37, 8488,777

6,2996, 052

247

39, 557

7,60120, 551

3359,2621,160

305833

49

661, 284

55,91749, 35339, 8219,532

40, 1799,175

6,5636,309

254

41, 957

7,49721, 895

3529,7061,266

33086052

690, 352

52, 90746, 33538, 1688,167

37, 5958,740

6,5726,365

207

42, 122

7,47621, 982

3549,8121,213

356876

54

695, 804

54, 20647, 36738, 601

8, 766

38, 7598,608

6,8396, 608

231

41, 829

7,02622, 512

3569,672

95439686251

684, 701

54, 51347, 75138, 5439,208

39,1008,651

6, 7626,524

237

41, 688

6 73822, 364

39110, 073

77042288347

681, 561

57, 57150, 71541 4089 307

41,4779,238

6,8566 632

224

43, 654

6 94522, 702

43311, 495

69945287650

712, 806

58 09251 12041 7649 356

41, 7699,351

6,9726 741

231

r Revised. » Preliminary. l December 1 estimate of 1955 crop.! Revisions for January-July 1954 will be shown later.cf Beginning January 1955, data exclude quantities held by consuming factories.




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

ELECTRIC POWER AND GAS—Continued

GAS

Manufactured and mixed gas (quarterly ):cfCustomers, end of quarter, total thousands

Residential (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, total thous. of dolResidential (incl. house-heating) doIndustrial and commercial do

Natural gas (quarterly ):d1

Customer^ end of quarter total thousandsResidential (incl house-heating) doIndustrial and commercial do

Sales to consumers total mil of thermsResidential (incl. house-heating) do_Industrial and commercial do

Revenue from sales to consumers total thous. of dolResidential (incl house-heating) doIndustrial and commercial do

5,5105,097

4091,210

879323

155, 784118, 44636, 572

22, 49820, 672

1,79919 5658,715

10,1591,021,488658, 033344 245

5,3614,961

398827516302

110, 43179 47630, 325

22 64120, 870

1,74414 2213, 9319,602

648 215342, 971287 646

5,1734,793

378546274264

75, 92950 94653 422

22 9732l' 212

1,73412 0441,7419 590

478 745194 055267 158 _

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production! thous. of bbl.Taxable withdrawals _ _ doStocks end of month t do

Distilled spirits:Production t _ _ . thous. of tax gal ._Consumption, apparent, for beverage purposes

thous. of wine gal._Tax-paid withdrawals! thous. of tax gaL.Stocks, end of month! _ _ _ _ _ --doImports thous. of proof gal

Whisky:Production! thous. of tax gal_Tax-paid withdrawals!- . - do_Stocks end of month! doImports thous. of proof gal

Rectified spirits and wines, production, total 9 !thous. of proof gal. _

Whiskvl doWines and distilling materials:

Effervescent wines:Production!... thous. of wine gal._Taxable withdrawals! doStocks end of month! _ __ doImports _ - -- -- - do

Still wines:Production! doTaxable withdrawals §! doStocks, end of month §! doImports - do

Distilling materials produced at wineries! do

DAIRY PRODUCTS

Butter, creamery:Production (factory) ! thous. of l b _ -Stocks, cold storage, end of month doPrice, wholesale, 92-score (New York)__dol. per lb-_

Cheese:Production (factory), total ! _ . _ _ - thous. of Ib

American, whole milk J doStocks, cold storage, end of month, total-. d o _ _ _

American whole milk doImports doPrice, wholesale, American, single daisies (Chi-

cago) - _- - dol. per Ib _Condensed and evaporated milk:

Production, case goods: tCondensed (sweetened) thous. of lb_-Evaporated (unsweetened) do

Stocks, manufacturers', case goods, end of month:Condensed (sweetened) thous. of lb_ -Evaporated (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. doPrice, wholesale, U. S. average* dol. per 100 l b _ _

Dry milk:Production: !

Dry whole milk thous. of lb-_Nonfat 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. per lb._

6,2165,3889,577

13, 267

12, 3338, 654

842, 5881,307

8,2394,742

708, 2421,162

4,7074,012

143107

1,17030

1,94110, 022

182, 002402

1,938

108, 190341, 655

.583

93, 47564, 130

522, 676492, 833

3. 509

.369

2, 600164 000

r 4,775T 143, 201

5311,373

5.56

r 9, 1633,520

4.19

7, 500110, 500r 8 223

r 57, 279

2,98225, 699

.154

5,7725,3309,647

13, 753

12, 94910, 007

843, 2851,374

9,4705,609

709, 6651,258

5,4894,907

22783

1,30429

1,64310, 556

171, 795410

1,973

103,835314, 568

.581

90, 24563, 010

499, 742470, 092

3,502

.370

2, 110174 800

4, 569104, 537

1914, 079

5.56

«• 8, 8353,396

4.09

6, 650105, 600

6 712r 60, 962

3,6169,549

.154

7,8996,902

10, 193

15, 622

15, 76813, 407

842, 5661,802

10, 7257,027

710, 9701,613

7,1716 445

160112

1,33333

1,93713, 194

160, 299555

3,204

120, 775311, 462

.579

110,48079, 685

493, 433462, 949

5,109

.370

2, 950230 100

3, 895r 97, 576

018, 061

5.57

r 10, 4864, 095

3.92

8, 650132, 000

7, 678r 65, 563

3, 83035, 616

.153

8,2847,187

10,815

14, 962

15, 50511,422

844, 1381,783

10. 1225, 361

713 9851,620

6,3405 718

212108

1,42042

1, 32210, 982

150,398539

2,325

129, 375293, 203

.579

126,17595, 890

501,080467, 671

4,195

.370

2, 125255 750

5,783••135,214

3816,612

5.57

r 11, 1564,4853.74

9, 100152, 800

7 477T 88, 341

4,62622, 455

.153

8,9687,998

11, 278

13, 155

16, 13010, 825

844, 3201,734

9,0735,181

716 0781,560

5,6574 909

178111

1,47351

1 28110, 174

140, 895526648

158, 535308, 154

.579

162,970129,475527, 739493 909

3,708

.368

1,700325 750

r 5, 523r 261, 402

819,866

5.57r 12, 844

5, 5913.62

10, 650197, 800

9 067r 129, 676

3,1962,060

.152

9,3948,460

11, 627

13, 421

16,91513, 774

841, 4961,983

8,9156,567

715, 8611,816

7,7836 810

266137

1,40151

1,26710, 842

128, 475513606

153,080334, 501

.578

157.900126,330581,168542, 609

3,453

.368

2,140304 500

5, 570357, 514

20010,205

5.57

' 12, 5205,4153.63

10, 325181, 300

10 773T 150, 166

3,11132, 575

.153

8,9138, 608

11, 380

9,391

14, 21710, 951

838, 8001,596

5,5504,526

715, 5501,484

5, 9925 315

7078

1,56733

7288, 929

122, 153417900

124, 895352, 139

.578

129,225100,715597. 985561, 482

2, 530

.368

3.000257 800

6, 457' 412, 888

71712, 419

5.57

r 11, 4534,4493.80

8,070127, 500

12 281* 140, 651

3,90117, 066

.153

9,2109,025

11, 000

11,379

15, 67311, 369

836, 1101,591

8,1425,267

716, 3041,421

5,3104,237

175114

1,61336

1,4879,926

112, 250393

5, 633

102, 465327, 617

.582

113,99085, 340

596, 891562, 419

3,567

.368

3,010227 500

* 7, 171T 448, 405

1,5139,745

5.57r 10, 515

3,7753.98

7,40098, 600

11 875r 116, 969

4,58817 371

.154

7,2527,405

10 380

19, 388

16,90613, 613

834, 5292,253

11, 1897,226

717 5682,031

7,3826 383

102132

1, 57054

19,57111, 120

120, 826452

52, 431

91, 585295, 043

.590

99, 59570, 795

592, 241559, 448

3,174

.389

2,540184 500

5,482427, 570

43612, 346

5.57r 9, 434

3 3224.17

8,90089, 100

10 998* 101, 502

2,87117, 859

.155

6 4326 248

10 166

34, 917

18. 50717, 083

832 5812 525

12 8639 216

717 9912 310

10, 1569 013

106191

1 45879

72 47413, 347

184, Oil618

145, 546

94, 070256, 626

. 586

91, 20063, 070

566 481536 355

5 508

.378

3,925164 500r 7, 397

r 384, 261

1 43310 407

5.57

r 9, 2223 2444.36

8,30088 200

10 314r 87, 848

3 98817,712

.154

5 7756 1299 427

31, 189

20, 85616, 731

833 2013 620

13 5388,978

719 6563 282

9,9308 761

160247

1 346132

43 34013^ 369

214, 698889

r93 598

91, 040202, 294

.584

84 97056, 100

531 094505 435

6 890

.379

3,875149 200

7, 556274 432

1 519

17 445

5.64

' 8, 6683, 075

4.43

8,92587 500

r IQ ($7' 81, 020

3,24426, 148

.154

6 1696 2968 896

23, 033

23, 84710, 486

840 6382 504

12 7165 671

724 7062 253

5,8004 906

200279

1 257116

10 10512, 867

207, 560756

27 478

104, 555r 163, 136

.588

93 19061, 380

r518 885r492 124

5 795

.378

4, 025152 800

4, 752r 213, 202

2 00912 243

5.71

' 9, 1583 453

4.36

8, 750113, 700

r 8 587' 80, 763

5,9384,701

'.154

6 4395 6259 323

17 458

9,279846 286

10 6824 899

728 418

4,7993 918

139131

1 246

3 19610, 894

197, 964

6 601

113, 260131, 664

.580

97 03065, 250

496 746469 336

.375

3,150164 200

6,222157 214

5.71

9,6043 679

4.24

7, 150124 900

8 88383, 883

.154

"98," 662". 581

463 988437 012

369

9, 582

4.12

r Revised. cf Revisions for 1953 and for the 1st and 2d quarters of 1954 are available upon request. Totals include data not shown separately.{Revisions for the indicated items and for the periods specified are available upon request as follows: Alcoholic beverages, July-November 1954; dairy products—butter, cheese (total and

American), evaporated milk, and nonfat dry milk solids, January 1953-August 1954; condensed milk and dry whole milk, January-August 1954; fluid milk, production, January 1951-December1954.

9 Data beginning July 1955 exclude production of wines and vermouth; for July 1954-June 1955, such production totaled 70,000 gallons.§Data include vermouth and aperitif wines other than vermouth.*Ncw series, representing average price received by farmers for all milk sold at wholesale to plants and dealers; data prior to January 1955 will be shown later.Digitized for FRASER

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



1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

FOODSTUFFS AND TOBACCO—Continued

FRUITS AND VEGETABLESApples:

SMp™ents, carlot no. of carloads. _Stocks, cold storage, end of month thous. of b u _ _

Citrus frnits, carlot shipments.. _no. of carloadsFrozen fruits, juices, and vegetables:

Stocks, cold storage, end of month:Fruits thous of IbFruit puces doVegetables do

Potatoes, white:

Shipments, carlot no. of car loads _ _Price, wholesale, U. S. No. 1 (New York)

dol per 100 Ib

GRAIN AND GRAIN PRODUCTS

Fxports (barley corn oats rye wheat) thous of bu

Barley:Production (crop estimate) doReceipts, principal markets. _ _ d oStocks, domestic, end of month:

Commercial do

_, ' . , j - ~ ^-ij. " ~ ~ A

Prices, wholesale (Minneapolis):No 2 malting dol per buNo 3 straight do

Corn:

Grindings wet process thous of buReceipts principal markets doStocks, domestic, end of month:

Commercial doOn firms mil of bu

Fxports including meal thous of buPrices, wholesale:

No 3 yellow (Chicago) dol per bu"Wei°rntcd average 5 markets all grades do

Oats:T> -, • J . . , , 1 ji f -,

Stocks, domestic, end of month:Commercial do

KxportQ including oatmeal doPrice, wholesale, No. 3, white (Chicago). dol. per bu_.

Rice:

California:Receipts, domestic, rough thous. o f l b _ _Shipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end

of month thou^ of lbSouthern States (Ark., La., Tenn., Tex.)-

Receipts rough at mills do

Stocks, domestic, rough and cleaned ("cleaned

Exports thous o f l b

Rye:

Receipts principal markets doStocks, commercial, domestic, end of month. _ .doPrice, wholesale, No. 2 (Minneapolis) ^_dol. per b u _ _

Wheat:i ro uci o (c op es ate;, o a _ _ i. o u.

w t 1 t d"R ' t . c .' ~ ~ , I r f ~ tl f h

Disappearance doStocks, end of month:

Canada (Canadian wheat) do

Commercial thous of buI n t e r i o r mil ls , e levators , and warehousesi\/r h <- 'u ouis. oi u - _

On farms do

Exports total includin01 flour doWheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

dol. per b u _ _No 2 hard winter (TCansa^ City) doNo 2 red winter (St Loui^) doWeighted avg., 6 markets, all grades do

2,47118, 975

9,445

348, 163296, 333576, 981

18, 281

3.225

35, 549

16, 321

27, 141

1,352

1.4411.350

10, 95427, 831

62, 809

6,980

1. 5241.448

12, 704

20, 448

1,862.814

31,94528, 489

109, 027

50, 954113,344

916. 542,515

.094

1, 2969,5411.420

28, 032

356, 258

366, 942

24, 56721, 149

2.729i 2. 443j 2. 3381 2. 635

2,41313, 194

8,678

309, 152357, 503505, 428

16, 750

3.342

43, 395

8,975

23, 121

3,761

1.4311. 413

10, 83619, 423

63, 192

9,955

1.4951.434

8,193

20, 499

1, 260.797

129, 02870, 745

127, 276

61, 315112,015

784.825,011

.094

4199,2741. 396

19, 823

343, 399

356, 237

27, 90723, 828

2.7562.4102. 2302.610

2, 4987,793

9,503

268,216386, 726456, 995

22, 498

3.750

52, 778

10,311

21, 184116 721

5,019

1.4391.342

11,94915,530

56,1991, 425. 711,434

1.4631.390

7,159

17,886551, 570

3, 061.771

125, 049133. 373

85, 952

58, 409133, 727

653. 8112,005

.094

2068,7791.322

27, 482254. 060

332, 0211 218 2351, 913

430 732101 475211, 592

33, 10928. 184

2.7082 4562. 2052. 603

2,1874,114

9,304

222, 407451,283426, 679

20, 865

7.167

29, 690

7,140

19, 701

3, 534

1.4431.342

10, 62113, 028

46, 385

4,784

1.4601.439

5,392

15,866

1,782.712

119, 108101,451

67, 491

18, 276115,091

610.175, 114

.105

2828,4981.246

24, 105

324, 164

351, 749

19, 49814, 373

2. 6682. 4612. 2042. 593

1, 8601,677

9,731

208, 365513,638396, 454

18,502

6.508

29, 620

9,112

16, 954

4 776

1.4211. 291

11,52418,433

41,315

4,408

1.4821.487

6, 629

14, 498

1, 527.708

142, 16893, 542

72, 047

10, 43788, 903

599.2123, 393

.113

2916,6791.233

38, 436

323, 669

364, 462

18, 90414, 745

2.742i 2. 5M i

2 2782. 666

810376

9,965

250, 582492, 970418, 876

24, 758

4.131

41,461

18, 249

2 23, 527243 724

5' 369

1.4121.290

11,91219. 683

36, 805948.95, 666

1.4731.483

8, 371

15,8332249,213

3, 237.710

133, 772117,056

47, 693

15,05465, 285

495.976, 788

.113

8586, 4961.142

45, 199199, 146

348. 489? t 021 6

2 380, 409

2 39P 2982 60 1442 39. 130

26, 79822, 383

2. 7342. 1901. 9482.428

362212

8,223

3°1,944417,332482, 910

10, 035

2.563

50, 275

24, 067

31, 574

9,017

1.2791. 180

10,9381 7, 535

27, 070

11, 768

1.4721.490

23, 146

23, 085

2,049(3)

89, 73359, 811

49, 203

12.66071, 627

389. 4137, 272

.113

2,8778, 6731.042

101,574

378, 766I

427, 416

27, 05123, 376

2.6212. 1601. 968

1 2. 263

234233

6,308

440, 672362, 434605, 154

9, 463

3.269

46, 723

26, 258

32, 696

12, 168

1.2711.171

12, 54130, 689

28, 050

8, 088

1.3051.323

22, 109

38, 217

1,612.578

23, 34943, 754

17, 510

238, 219120, 707

360.642, 291

.093

I. 6389,1381.046

57, 958

372, 182

446, 093

24, 50120, 762

2.4782. 151

! 1.945! 2. 397

5399,121

4,696

470,439325,288672,574

11,641

3.033

39, 177

16, 156

28, 468256 013

8 050

1.2401.127

11,35828, 1 85

31, 7102 310. 811, 352

1.3071.244

8,727

37, 5811 246,086

2,175.610

22, 6937,241

24, 692

986,179260, 028

661. 6150, 886

.089

9028, 9321. 112

36,015207, 108

374, 4871 753 7448, 678

594 312141 403428, 541

17, 28314, 242

2.5052.1551. 923

1 2. 445

3,46634, 379

4,467

458, 9212«7, 547692, 821

13, 585

3.217

35, 827

14, 266

28, 168

9 478

1.2581. 155

12, 50240, 062

38, 721

11,292

1.1881.180

5,185

33, 297

3,123(3)

136, 48927, 053

81, 284

1,032,421185,179

1 . 097. 0153, 729

.089

1,3848, 1361.061

31, 802

366, 890

440, 750

11,4227,153

2,5132.1982. 0352.478

2, 93534, 854

4,742

444 087245, 393663 160

14, 824

3.206

38, 968

13, 836

26, 149

5 050

1 2511.130

11,59051 592

65 517

10 855

1 1731 201

6 349

27, 283

2,838.635

66, 09724, 959

95, 868

241,850121 168

1 127 8118 445

.093

1.6748,4141.026

24 768

363, 288

421, 248

19,31214, 534

2.5112 2072.043

1 2. 461

i 105 2932.783

' 27, 321

10, 887

r 420 092'249,910r 624, 0491 381 631' 15, 410

r 2. 881

44, 355

1 390,96913, 975

27, 038189 510

7 848

1.2351. 116

i 3 18511, 18822, 843

70. 9102, 191 4

12, 344

1. 2501.269

1 1 5768 887

26, 575981 205

2, 765.694

1 53, 420

46, 12221, 970

101, 792

61, 953112 522

1 054 070, 735

.093

1 29 1871, 5538. 3691. 156

i 938 21 232 8i 705 421 007

219 910

364, 7321 535 0403, 181

543 101126 878320 800

20 50315 984

2. 4872 253

1 2 1531 2. 445

' 2. 34220, 618r 8, 398

389 245221.029558 178

r 18, 558

* 4 173

13, 013

r 25 275

1 2391 099

11, 68622 993

r 73 496

1 2451.268

11 313T 27 733

.668

69, 50435, 426

106, 170

29, 721108 851

956 6

v 092

820r 6, 731

1.160

28 577

358 515

r390 669

2.4472 2422 1562.407

2,50913, 959

8 835

341 937296 382494 145

18, 032

8,913

24 980

1 2351.056

12, 036

76, 559

1.2591.285

27, 333

.655

59, 40133, 185

100, 920

5,2801.216

349, 280

381, 756

2. 2432. 216

1 2. 225i 2. 388

r Revised. » Preliminary. l December 1 estimate of 1955 crop.2 Old crop only; new grain not reported until beginning; of new crop year (July for barley, oats, and wheat; October for corn). 3 No quotation9 Bags of 100 ib.cf The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.


March 1»56 SURVEY OF CURRENT BUSINESS S-29


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary


GRAIN AND GRAIN PRODUCTS— Continued

Wheat flour:Production:

Flour thous. of sacks (100 lb.)--Operations, percent of capacityOffal short tons_.

Grindings of wheat thous. of bu._Stocks held by mills, end of quarter

thous of sacks (100 Ib.)Exports doPrices, wholesale:

Spring, short patents (Minneapolis)dol. per sack (100 lb.)__

Winter, hard, short patents (Kansas City). -do

LIVESTOCKCattle and calves:

Slaughter (federally inspected) :Calves thous of animalsCattle do

Receipts, principal markets ___ _ _ do _ _Shipments, feeder, to 9 corn-belt States..- .doPrices, wholesale:

Beef steers (Chicago) dol. per 100 Ib _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-corn price ratiobu. of corn equal in value to 100 Ib. of live hog--

Sheep and lambs:Slaughter (federally inspected) - -thous. of animalsReceipts, principal markets _ _ - do _ _ _Shipments, feeder, to 9 corn-belt States doPrices, wholesale:

Lambs, average (Chicago) dol. per lOOlb-.Lambs feeder, good and choice (Omaha)- _ do

MEATSTotal meats:

Production (carcass weight, leaf lard out), inspectedslaughter mil. of Ib _

Stocks (excluding lard), cold storage, end of monthmil. of lb_-

Exports (including lard) - - - - do _ _Imports (excluding lard) do

Beef and veal:Production, inspected slaughter thous. of lb__Stocks, cold storage, end of month.. doExports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs) (New York) dol. per l b__Lamb and mutton:

Production, inspected slaughter thous. of lb._Stocks cold storage, end of month _do

Pork (including lard), production, inspected slaughterthous. of lb_-

Pork (excluding lard):Production, inspected slaughter _ _do _Stocks cold storage, end of month doExports _do _Imports- _ -.- do ___Prices, wholesale:

Hams, smoked, composite dol. per lb._Fresh loins, 8-12 ]b. average (New York) do

Lard :Production, inspected slaughter thous. of lb__Stocks, dry and cold storage, end of month __ .doExports _ . _ - . -do __Price, wholesale, refined (Chicago) dol. per lb_-

POULTRY AND EGGSPoultry:

Receipts 5 markets thous. of IbStocks, cold storage (frozen), end of month doPrice, wholesale, live fowls, heavy type, No. 1

(Chicago) ,. dol. per lb_Eggs:

Production, farmj _, ._ millionsDried egg production thous. of lb_.Stocks, 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_-Cocoa or cacao beans:

Imports (incl. shells) longtons__Price, wholesale, Accra (New York) dol. per lb_._

19, 15685.6

384, 216

44, 567

1,467

6.7556.205

5631,5212,322

294

26.1220.4027.00

5,5193,183

16.51

12.1

1,2231,334

226

20.8820.22

1,993

8447524

883, 371193, 580

6, 9936,511

.460

58, 8108,767

1,050,606

771, 981504, 624

4,84315, 292

.536

.431

203, 886124, 39154, 807

.163

40, 480251, 296

.188

r 5, 2341,919

23566, 245

.334

84, 645

18, 874.488

17, 71483.1

356, 211

41, 186

1,750

6.6506.025

5171,3131,767

171

24.4620.4629.00

4,6382,587

15.91

11.7

1,0801,029

135

21.7520.75

1,665

8376919

760, 473166, 014

6,4435, 725

.449

53, 1748,743

851, 694

628, 102530, 537

6,47611, 573

.479

.425

163, 743137, 88247, 253

.153

36, 267211, 258

.243

r 4, 8971,902

26862, 517

.422

85, 277

22, 494.468

19, 88481.1

394, 156

46, 104

4,7132,114

6.8056.095

6601,5242,086

212

24.1221.2825.00

5,4912,924

15.90

11.3

1,2441,166

120

22.7520.97

1,962

8356527

890, 867154, 349

3,3699,082

.435

61, 4299,089

1,009,567

749, 899543, 929

6,24415, 244

.479

.422

189, 884137, 35746, 056

.156

39, 349162, 472

.280r 5, 735

2,357

47983, 672

.410

83, 644

26, 268.400

17, 42878.1

347, 874

40, 443

2,199

6.6456.060

5961,4522,040

272

23.3621.2526.00

4,4722,473

16.48

12.2

1,1801,302

156

21.5019.83

1,736

8227422

844, 205143, 849

1,9348,361

.417

56, 8029,677

834, 963

618, 489539, 434

6,34411, 336

.506

.453

158,080140, 35256, 492

.168

40, 666127, 549

.240r 5, 648

2,932

1,183125, 833

.373

76, 950

19, 264.375

17, 52378.4

349, 892

40, 691

1,785

6.9906.225

5881,5602,277

236

22.1820.0124.00

4,1642,337

16.39

11.7

1,2281,246

113

23.00C1)

1,760

7405527

901, 574130, 593

2,5478,760

.402

57, 6069,957

800, 728

587, 211477, 028

5, 96915, 484

.525

.508

156, 320144, 14936, 591

.148

48, 999107, 309

.253r 5, 579

2,913

2,088170, 933

.346

62, 435

14, 339.365

18, 47078.8

371, 280

42, 944

4,1111,895

6.8006.030

6111,6412,122

149

22.1519.0323.00

3,7132,140

17.54

13.1

1,2051,110

96

23.500)

1,753

6145129

952, 637117, 362

2,18813, 197

.398

52, 8928, 851

747, 208

549, 989375, 741

5,49114, 272

.540

.564

144, 297133, 39432, 365

.155

50, 41197, 960

.245r 4, 951

3, 292

2,292193, 888

.369

65, 623

19, 726.381

17, 61282.6

356, 099

41, 063

1,577

6. 7556.030

5501,5241,956

169

22.5218.1922.00

3,4281,929

16.12

11.9

1,0761,043

147

21.120)

1,596

5295030

878, 641115,238

2, 85212, 070

.395

47, 0308,597

670, 129

494, 676297, 962

4,23115, 526

.534

.472

128, 545117, 57829, 886

.155

46, 646101, 942

.245

' 4, 6172,643

2,244194, 706

.370

47, 198

11, 656.370

18, 61576.0

371, 633

43, 239

1,605

6.1505.775

6461,7972, 596-257

22. 3317.6923.00

4,4752,519

15.31

12.1

1,2391.288« 259

20.752 17. 60

1,897

4485330

1,032,932120, 581

2,72114, 072

.405

54, 3438,737

809, 765

605. 362218, 624

3,64213,717

.539

.458

149, 41997.01435, 672

.133

55, 937119, 769

.215

' 4 295r 1, 537

1,680179, 920

.464

60, 941

21, 109.318

19, 17485.7

377, 855

44, 301

4,6321,305

6.2255.625

7101,7522,533« 529

22.6717.9724.00

5,1442,682

15.75

12.7

1, 3441,625"545

19.7517.83

1,977

4054926

1,021,504120,886

2,42612, 244

.420

58, 7428,683

896, 472

678, 528179,182

4,46111, 633

.501

.492

159, 34975,01130, 545

.138

58, 494161,947

.235

' 4, 245r 1,218

1,140155,365

.514

106, 860

16, 335. 333

21, 00093.8

411, 194

48, 369

1,832

6.2755.775

7281,6933,058

947

21.9518. 0226.00

6,1443,251

14.30

12.7

1,2481,797

513

19.5018.18

2,121

4448123

999, 507136, 278

3,1009,428

.396

55, 2459,569

1,065,839

805, 841205. 197

6,44111, 513

.456

.409

190, 12074,75656, 426

.153

68 413258, 413

.233

' 4, 6311,136

804127, 847

.496

106,842

14, 738.340

19, 75888.3

384, 694

45, 489

2,050

6. 1655.625

7001,6622,674

734

20.8416. 9222 00

6,8574,099

12.01

11.2

1,1621,273

247

18.6217.88

2 254

6019128

970, 324176,613

2 34912, 150

.376

52, 8539 884

1,230,521

908 359306 714

5 82314, 503

.454

.374

235, 33298, 42666, 532

.138

80 4 SO259, 687

210r 4 677

739

333101 395

.501

115, 327

21, 336.324

19, 31786 3

376, 700

44, 462

5 0781 940

r 6. 075r 5. 760

6331 6172 091

420

20 3015.8924 00

7.3244,056

10.38

9.2

1 1551 091

161

18.2516 68

2 340

r 7779S21

961 519r224 391

3 7436 913

362

53, 849r 1 0 630

1,324,890

967 766r420' 816

6 35811 703

.448

.326

261, 249146 98569 813

.125

74 756T 228, 3 78

235

r 4 97Qr 489

'111r 74 354

.514

r 99, 362

18 462.324

19, 49087 1

379, 505

44, 818

v 6. 1?0r> 5 640

6021 6972 354

249

20 0117.13

•P 28 00

6,7053 908

11.08

9.4

1 3291 248

160

19.0016 96

2 312

858

1 ,034.824230 316

368

64, 03210 566

1,212,803

883 35S481 602

P. 447.346

240, 907183 615

J>.123

47 239214, 723

250

5 161660

29950 525

.447

91, 240

P. 293

5861 484

18 8517.04

5,922

12.03

10.2

1 163

20.0018 60

882

212 125

347

9 644

513 154

.365

43 725186,' 776

5 134

30842 221

.398

r Revised. * Preliminary. * No quotation.J Re visions for 1950-54 will be shown later.

2 Average for 2 weeks (August 22—September 2). « For 8 States (South Dakota excluded).


S-30 SURVEY OF CURRENT BUSINESS March 19o6


1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary


MISCELLANEOUS FOOD PRODUCTS— Con.

Coffee:Clearances from Brazil total thous of bagscf

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 do

Hawaii and Puerto Rico do ~

Deliveries, total doFor domestic consumption doFor export - - do.

Stocks, raw and refined, end of monththous. of short tons

Exports short tonsImports:

Raw sugar total doFrom Cuba doFrom Philippine Islands do

Refined suâr total doFrom Cuba do

Prices (New York):Raw wholesale dol. per IbRefined:

Retail § dol. per 5 IbWholesale dol per Ib

Tea imports thous. of Ib

TOBACCOLeaf:

Production (crop estimate) mil. of IbStocks, dealers' and manufacturers', end of quarter,

tot'il mil of IbDomestic:

Cig;5r le''f doAir-cur d, fire-cured, flue-cured, and miscella-

neous domestic mil of IbForeign grown:

Cie'-ir le^f doCigarette tobacco do

Exports including scrap and sterns thous of ^bImports including scrap and Qtems do

Manufactured products:Production, manufactured tobacco, total do

Chewing i)lu°r and twist doSmokinp" doSnuff do

Consumption (withdrawals) :Cigarettes (small):

T'l^-free millionsTax-paid do

Ciu'irs (large) tax-paid thousand5*Manufactured tobacco and snuff, tax-paid

thous of Ib

Price (wholesale), cigarettes, manufacturer to whole-saler and jobber, f. o. b. destination

dol. per thous--

918424729

1,699

.670

175, 001

'1,673

149, 465317, 409

29, 065

569, 000567, 000

2,468

1,889583

329, 562263, 64465, 84023, 06314,144

.060

.498

.08510,198

30 9318, 699

16, 2516 5366, 51 63 199

2, 64430, 438

408 334

15 Q241 1 09

3, 938

578228776

1,338

.545

150, 471

2,513

43, 747443, 730102, 247

572, 995569, 723

3,272

1,823541

303, 089229, 478

73, 61042, 86130, 933

.060

.497

.08510, 225

28, 0338, 482

15,6986.0126, 3773. 309

2, 51 628. 655

399 885

14 9681, 447

3. 938

923490517

1,473

.583

127, 477

4,288

55, 429558, 851171,995

711,171706, 617

4,554

1.781418

344, 404256, 50787. 89468, 78354, 288

.058

.494

.08415, 459

4,819

376

4, 233

19191

36, 8679, 594

18,6187, 2537 6533.711

2, 67233, 695

467 522

18 2421. 243

3.938

996645520

1,353

.580

122, 669

4,688

48, 992630, 496208, 785

625, 097619, 459

5,638

1,753604

303, 954207,315

92, 96046, 30845. 905

. 059

.495

.0847,842

18, 6438, 864

16, 6366, 4556. 8323, 349

2, 39928, 788

445 701

16, 3201. 20X

3.938

723322490

1,775

.545

128, 899

4,478

37, 866634, 000234, 789

697, 094681, 204

5,890

1,612401

323, 786130, 787189, 84538,81638, 371

.060

.495

.0847,615

21,8469, 390

17.8866, 8967, 6413, 349

2, 33934, 498

516, 022

17,3081, 169

3. 938

1,356829546

1,357

.585

139, 582

3,988

45, 901476, 796173, 424

823, 025820, 274

2, 751

1,329613

301,645164, 425133, 58040, 76440, 552

.060

.496

.0844, 366

4,404

368

3, 845

18173

25,19910,831

18,1107, 3637,1403, 606

2,72335. 648

510,219

17, 555] , 275

3. 938

943497492

1,547

.535

168,310

3,638

35, 545611, 799212, 814

861, 826857,594

4,232

1,091406

341,875190 523132,41832 79431,735

.061

.496

.0847,490

48, 8268,414

12, 7635,4685, 2332, 062

2, 36928, 561

414, 250

13. 0211,468

3.938

1,221681527

1,415

.550

184, 217

3,132

47, 821756, 514298, 793

884, 525879, 436

5, 089

963304

365, 892204, 979155, 45724, 75122, 359

.060

.496

.0848,633

45, 2369,698

17, 9347,2337,0243,678

2,23236, 760

535 596

17, 5181,080

3.938

1,8101,207

5211,480

.610

191,504

2,882

119,175541,149240, 626

798, 299793, 627

4,672

864290

263, 483189, 94046, 25640,79839, 271

.060

.496

.0848,695

4,708

334

4.202

18154

85, 4049,479

17, 3886, 9677,0543, 366

2,93732. 076

533 707

16,6241,280

3. 938

I

1 8821,134

5282, 215

. 568

190, 783

2,532

521 457515 800201 , 641

733, 258727 967

5. 291

1,132606

261 645231 389

30 25214 30312 546

.061

.497085

8,047

85 2549,766

17, 3956 8807, 2563 260

2,44932, 937

551 082

16,8071,402

3. 938

1 661914564

2,144

.540

188, 953

2,132

752 375449 748168,780

609, 182604, 932

4,250

1,717909

265, 534242 385

16,5137 3345,677

.059

.501085

9,341

63, 40410, 383

16, 1796,6276,3043,249

2,41632, 644

613, 199

16, 9091,226

3.938

1,126657831

1,892

.530

175, 297

1,882

528, 238164, 90888, 590

571,554569, 169

2, 385

1,9181,003

185, 2671 77, 067

4,480698416

.058

.501

.0856, 718

1 2, 256

5,176

307

4,675

19175

44. 6787, 660

13, 1945,3474,7473, 100

2,57027, 357

432, 028

13,1151,219

3. 938

.535

162, 431

1,457

547, 340115, 080

626, 710

1,876

P .059

.500P .085

p 3. 938

.575

141,584

LEATHER AND PRODUCTS

HIDES AND SKINS

Calf and kip skins thous of piecesCattle hides doCroat and kid skins doSheet) and lamb skin^ do

Prices, wholesale (Chicago):Calfskins packer heavv 9^/15 1̂ (^°'- Pf>r ̂Hides ^teer heavv native over 53 Ib do

LEATHERProduction:

Calf and kip thous. of skinsCattle hide thous. of hides. . _Goat and kid thous. of skins..Sheep and lamb _ - do. -

Exports:Sole leather:

Trends back5' and sides thou5* of IbOffal, including welting and belting offal do

Upper leather - thous. of sq . ft- -Prices, wholesale:

Sole, bends, light, f. o. b. tannery dol. per Ib.Upper, chrome calf, B and C grades, f. o. b. tan-

nery dol per sq, ftr Revised. *> Preliminary.i December 1 estimate of 1955 crop.c^Bags of 132 Ib. §Data represent price for New "

9 2279151

2. 513986

. 325

.108

9562, 1092. 1971,923

3419

3, 224

.595

.870

fork and

9 217 16 806117 1 83

58 i 431,701 i 2,4221,576 ] 5.082

.375 ! .400

.108 ! .105

945 1,0192,085 ! 2.3252,171 1 2.4332, 117 , 2,144

32 ! 10220 j 73

3,418 4,029

.600 .595

.893 ! .910

Northeastern New

8, 330101

n2, 4531 , 079

. 490

.118

8822,1482, 1862,143

9933

3,989

.600

.930

Jersey.

14,952 i 13,309 ' 12,581105 ! 130 j 159

30 19 i 233,216 ; 2,158 i 2,2772,575 ' 2, 712 1 2,776

.425 .400 .450

. 108 .120 . 135

863 891 6062,169 2,219 1.6642,227 2,394 1.8232,266 2,243 1,574

71 67 3988 19 72

2. 826 3, 334 2, 839

. 605 . 603 . 603

. 950 . 920 . 942

$ Includes data for types no

11.69812941

2,3132,197

.475

.138

8712, 2091 , 9942,498

8585

3,407

.595

.987

t shown s

7, 2819115

1,964578

.475

.148

8272, 1571,9962,074

6412

3,576

.600

.998

sparately

11,541292

182,1722,298

.500

.148

8902,2012,1822,163

12130

3,429

.600

.987

9, 6408128

2,412890

.500

.133

836' 2, 236r 2, 238

2, 329

57

3,009

.605

1.022

8, 357619

2,904529

.500

.133

8072, 2542, 2082,288

4765

3,099

.605

1.022

P .500P . 103

p. 610

P 1.013




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:Production total thous of pairs

Shoes, sandals, and play shoes, except athletic,total thous of pairs

By kinds:Men's _ -_ . _ _ do _ _Youths' and boys' doWomen's doMisses' and children's doInfants' and babies' _ ..do. _.

Slippers for housewear . - _ doAthletic doOther footwear _ _ do

Exports doPrices, 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

r 46, 912T 43, 971

' 8, 899r I , 795

r 23 387r 6,414* 3, 476

' 2, 424'330

187303

110.0

116.8112.3

r 47 494

r 43 852r 8, 770r 1,739

r 23 688r 6, 436r 3, 219

' 3, 092r336

214372

110.0

116.8112.3

r 55 gj3

r 51 035

t 9, 811r 2. 061

T 28 259r 7 076' 3. 828

r 4, 207r 369

202509

110.0

116.8112 3

r 47 556r 42 921

••9,110r 1, 644

r 23 7855 248

* 3, 134r 4. 133

369133336

110.0

116.8112 3

47 160

41 992

8,9161 726

23 0385 3662,946

4, 689352127262

110.0

116.8112 3

49 590

43 422

8,8871 961

23 5295 9183,127

5,566342260212

110.0

116. 8112 3

41 054

36 037

7,4091,688

20 2904 6092,041

4,569254194256

110 0

116.8112 3

54 115

46 691

9 3161 997

26 2466 0743 058

6 461386577330

110 0

116 8112 3

50 610

42 767

9,1271 857

23 6225 2232,938

7, 245388210392

110 0

116 8112 3

48 197

40 628

9,2461, 586

21 472r QPjC

2' 966

7,068375126368

112.8

118. 1117 4

42, 921

36 162

7,9051,331

19 1425,0602,724

6,274370115335

116.8

118.1117 4

45 551

40 834

8,7111 586

21 6745 7053, 158

4, 185388144319

116 8

118. 1117 4

53, 139

49 668

9,6811,841

27 4847, 1853, 477

2,897386188

pi le 8

*»118 1p 117 4

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES

National Lumber Manufacturers Association: JProduction, total _. mil. bd. ft

Hardwroods doSoftwoods. _ _ _ _ _ _ d o

Shipments, total doHardwoods doSoftwoods do

Stocks, gross (mill and concentration yards), end ofmonth, total ._ mil. bd. ft

Hardwoods doSoftwoods _ do

Exports, total sawmill products M bd. ft..Im ports, total sawmill products do

SOFTWOODSDouglas fir:

Orders new mil bd ft.Orders, unfilled, end of month.... ... doProduction _ doShipments doStocks, gross, mill, end of month do

Exports, total sawmill products.. _ _._ M bd. ftSawed timber doBoards, planks, scantlings, etc . do

Prices, wholesale:Dimension, No. 1 dried, 2" x 4", R. L.

dol. per M bd. ft..Flooring, B and better, F. G., I" x 4", R. L.

dol. per M bd. f t _ .Southern pine:

Orders, new mil bd ftOrders, unfilled, end of month doProduction _ . doShipments doStocks, gross (mill and concentration yards), end of

month mil bd ftExports, total sawmill products M bd. ft

Sawed timber do __.Boards, planks, scantlings, etc .. _ _ .do. ..

Prices, wholesale, composite:Boards, No. 2 and better, 1" x 6", R. L.

dol. per M bd. f t . _Flooring, B and better, F. G., 1" x 4", S. L.

dol. per M bd. f t _ .Western pine:

Orders, new .. mil. bd. ftOrders, unfilled, end of month _ ._ doProduction doShipments doStocks, gross, mill, end of month . _. ^doPrice, wholesale, Ponderosa, boards, No. 3 common,

1" x 8"- ... - dol. per M bd. ft

HARDWOOD FLOORING

Maple, beech, and birch:Orders, new. M bd. ft..Orders, unfilled, end of month doProduction doShipments ._ _ doStocks, mill, end of month. . . . do

Oak:Orders, new doOrders, unfilled, end of month doProduction . . ... ... ... ..doShipments doStocks, mill, end of month do

r Revised. f Preliminary.{Revisions for 1954 appear in the December 1955 Su

2, 812561

2,251

2,827584

2 243

9, 2253. 9435, 282

53, 776251, 592

758829807729957

30, 08814, 05516, 033

83. 972

131. 361

702276666665

1,7476,5002, 6483, 752

78. 480

151. 609

597485491551

1, 703

72.26

4, 85012, 5504,0004,000

11,050

116,74187,01393, 47694, 88552, 966

EVEY.

2, 946605

2,341

2, 966667

2,299

9, 2053,8815, 324

84, 682262, 054

732810828752

1,033

46, 80225, 57221, 230

85. 534

132. 178

673303672646

1,7737,7372, 5295, 208

78. 471

150. 996

598477535590

1, 648

74.18

4,62513, 4253,5253, 625

10, 900

107, 96698, 57490, 40091,32152, 045

3,387629

2, 758

3,481658

2,823

9,1113, 8525,259

65, 670292, 816

906791908925

1,016

31,81517,63614, 179

85. 071

132. 178

746273784776

1,7819, 4052,9586,447

77. 527

150. 996

696493633680

1, 601

75.17

5, 50014,6503, 9004,000

10, 775

111,554108, 122106, 193107, 09050, 301

3,253612

2,641

3, 466697

2,769

8,8983, 7675,131

68, 963262, 035

961868803884935

42, 79220, 46322, 329

85. 624

132. 178

753290738736

1 , 7838,3992,1516.248

77. 25(5

150.384

766543682716

1, 5(57

77.20

4, 65015,1253,7504, 000

10, 550

108, 916111,682100, 543104, 160

44, 633

3.438622

2,816

3,519678

2,841

8, 8183,7115, 107

86, 261314, 087

829849830848918

40, 03317, 64422, 389

87. 115

132. 178

775285776780

1, 7798,9301, 9676, 963

77. 702

149. 42f>

742513770

1, 565

78. 49

4, 55015, 3003,6504, 4509, 800

98, 351104,696105, 896105, 33745, 400

3,598635

2,963

3, 754688

3,066

8, 6623, 6585, 004

74, 556353, 651

911826853934837

26, 23315,71510, 518

87. 535

131. 867

789274764800

1 , 7437,3982, 2655, 133

77.174

149. 426

860514880859

1 , 586

80.05

5, 25015, 5504,3004,9509,300

103,623100, 159111,772111,73244, 154

3, 042577

2, 465

3. 235641

2, 594

8, 4fi83, 5944, 874

60,614307, 625

752819648759725

21, 88710, 35711, 530

88. 074

131. 867

735288695721

1,7177,3671, 6545,713

77. 434

149. 426

747511760750

1, 596

80.41

4, 97515,6003,9504, 6008,600

98, 538100, 22699, 328

100, 29443, 188

3,653614

3,039

3,670703

2,967

8,4543, 5064,948

74, 673385, 231

719762850776800

30, 47215,21415, 258

89. 173

131.867

794285750797

1, 6706, 7571, 5505, 207

78. 922

151.263

850453959909

1, 646

80.76

5,55015, 4754,8505,4258,000

105, 63299, 403

109. 306108, 07044, 424

3, 543671

2,872

3,471712

2, 759

8,5263, 4645, 062

60, 868351, 108

655676815742873

21, 50311,8619,642

89. 320

132.194

754293734746

1,6586, 2221,7724, 450

80.155

151.018

826454872825

1,693

80.74

4, 25014, 3504,1004, 7757,525

99, 08491,074

105, 238105, 81042, 958

3,431703

2,728

3, 360755

2, 605

8,5973,4115, 186

89, 154309, 254

603606740672942

30, 23317, 24712, 986

89. 180

132. 504

713269717737

1,6386, 6741,9154, 759

80. 683

149.916

702380846775

1,764

80.13

3,45012, 0003. 8754,2257,300

87. 85885, 704

102, 070100, 68444, 344

3,111669

2,442

3. 076716

2,360

8. 6183, 3645,254

56, 231272, 349

649583709672968

20, 4779, 378

11,099

87. 962

132. 504

654229712694

1, 6565 5452. 1383. 407

81. 474

149. 916

603367638616

1, 78G

79.36

3, 85011, 7503, 9003, 9007, 200

78, 74172, 123

102, 31795, 04951,612

2,888608

2, 280

2.778672

2,106

8,7293, 3005, 429

64 125237, 090

741710678614

1, 032

27, 1601'i 51213, 648

r 88. 102

134. 138

601217688613

1,7317 2181 9715, 242

T 80. 679

1 19. 916

G28418592577

1, 801r 78. 83

4. 30012, 0004, 1003, 8007, 500

71,77761, 16893, 66582, 73262, 545

2, 933627

2, 305

2. 904676

2 227

8. 7463. 2515, 495

772746769738

1, 066

p 89. 140

n34. 138

722275733665

1,799

p SO. 010

»1 52. 240

60545751(1566

1. 745

v 7() 39

4, 35012, 150

4, 1003, 9507. 750

94, 57266, 72896, 89991,00768, 437




1955

Janu-ary



Decem-ber

1956

J a n u -ary

Febru-ary

LUMBER AND MANUFACTURES—Continued

PLYWOOD

Hardwood (except container and packaging) :Shipments (market), quarterly total

M ?q. ft., surface measure-Inventories (for sale), end of quarter do. _

Softwood (Douglas fir only) , productionM sq. ft., %" equivalent.. 393, 101 389, 408

211,57731, 157

444, 081 412, 756 418, 950

220, 90833, 847

416, 207 321, 111 414, 569

'217,719r 32, 959

422, 532 427, 948 423, 235

231, 96931,917

413,501 448, 127 443, 094

METALS AND MANUFACTURES

IRON AND STEELForeign trade:

Iron and steel products (excl. advanced mfrs.) :Exports, totaL_- _ ._ _ _ short tons. _

Scrap doImports, total do

Scrap do

Iron and Steel Scrap

Production and receipts, total thous. of short tonsHome scrap produced . _ . _doPurchased scrap received (net) - do

Consumption, total ._ - _ _ d o -Stocks, 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:Shipments from upper lake ports . do _Consumption by furnaces doStocks, end of month, total _ do

At furnaces doOn Lake Erie docks do

Imports . do .Manganese ore imports (manganese content) do

Pig Iron and Iron Manufactures

Castings, gray iron:Orders unfilled for sale thous of short tonsShipments, total do

For sale - do ._Castings, malleable iron:

Orders unfilled for sale 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 ton..Basic (furnace) doFoundry, No. 2, Northern _ _ do

Steel, Crude and SemimanufacturesSteel castings:

Shipments, total short tonsFor sale total do

Railway specialties do _Steel forgings (for sale):

Orders unfilled thous of short tonsShipments total do

Drop and upset doPress and open hammer. _ _ __ . .-do __

Steel ingots and steel for castings:Production _ do

Percent of capacity^Prices, wholesale:

Composite, finished steel dol. per lb_.Steel billets, rerolling, carbon, f. o. b. mill

dol. per short ton._Structural shapes (carbon), f. o. b. milL.dol. per lb_.Steel scrap, No. 1, heavy melting (Pittsburgh)

dol. per long ton. _

Steel, Manufactured Products

Barrels and drums, steel, heavy types (for sale):Orders, unfilled, end of month. _ _ thousands--Shipments doStocks, end of month do ..

Cans, metal, shipments (in terms of steel consumed),total for sale and own use _ _ _ _ _ short tons-

Food _ doNonfood _ - _ _ _ _ _ _ _ d o -

Shipments for sale doClosures (for glass containers), production.. ._ millions- -Crowns, production thousand gross. .

631, 371?fi8, 280104, 291

11,124

6,0043,3842,6196,0667,284

2,7871,5878,023

06,620

37, 47031, 3606,110

1,08166

7831,092

563

99, 81782, 02848, 000

5,7855,827

2,447

56. 0356.0056.50

98, 23875, 04413, 809r 452. 6

135. 9103.033.0

8, 83883

.0542

74.00.0452

36.50

2,1981,742

77r 279, 551' 170, 869r 108, 682' 239, 950

1,24723, 663

660, 51835P, 1«7112,93424, 923

5,8743,2942, 5805,9937,156

2,7411,5319,227

06,447

31, 10825, 222

5, 886

93167

8521,106

578

101, 76685, 97948, 721

5, 4435,560

2,384

56.0356. 0056.50

106, 43080, 72916, 501

491.9135.4102.133.3

8,49788

.0542

74.00.0452

36.50

2,1451,747

89

259, 585154, 507105, 078224,128

1,24523, 993

778, 290421,004109, 72311, 524

7,0723,9093,1627,0717,158

3,2271,835

10, 109

07,481

23,71118,6165,095

1,24887

9341,315

689

99, 730102, 36460,063

6,4646,531

2,213

56.0356.0056.50

127, 46098, 92619, 339

507. 1154.4119.235.2

9,98293

.0542

74.00.0452

38.50

2,3032,125

104

307, 939171, 568136, 371265, 592

1,51629, 480

801, 766413, 481116, 94813, 302

7,0683, 9053,1636,9887,243

6,0565,312

11, 366

3, 7587,290

18, 90714, 5454,362

1,22081

9661,294

680

104, 091101, 22657, 397

6,3856,412

2,097

56.0356.0056. 50

120,05392, 23716, 646

499.4149.6113.536.2

9,81595

.0542

74.00.0452

38.50

2,3421,990

106

321, 281178,528142, 753273, 649

1,38927, 982

815, 901450 418139, 166

9,836

7,1993,9473, 2527,1867,259

11, 82012, 62110, 532

11, 6067,798

21, 90117, 4654,436

2,04586

9381,310

707

106, 44698, 39757>, 317

6,8056,770

2,084

56.0356.0056.50

122, 46592, 71316, 810

509.4147.0109.437.7

10, 32897

.0542

74.00.0452

34.50

2,1232, 062

107

379, 767222, 797156, 970330, 050

1,40430,691

844, 999512 579132 64413, 041

6,7733.8442,9296, 8527,184

13, 70414, 8359,402

12, 5957,473

27, 36122, 4554,906

2,49072

9821,296

716

107, 55999, 45660, 261

6,5446, 468

2,116

56.0356.0056.50

133, 887102, 45719, 591

519.6155.5117.038.4

9,74694

.0542

74.00.0452

34.50

2,3772,514

125

397, 799230,016167,783347, 471

1,53233, 640

827, 315448 402103, «7811,777

6, 0483,4572,5916,1017,132

13, 03414,6337,803

13, 3347,273

33, 42427. 940

5, 485

2,49860

1,0501,070

579

115, 42075, 57044, 914

6,3916,082

2,332

57.8858. 5059.00

97, 87571,17011,631

513.3115.082.732.3

9,10185

.0576

78.50.0487

39.50

2. 3172, 078

116

427, 434266. 148161, 286386, 053

1, 25128, 319

672, 163328 060184, 28627, 120

6, 8503,8293,0216,6237,357

14, 16015, 1176,846

13, 5727,485

39, 50633, 100

6, 405

2,87198

1, 1601,226

688

123, 47382, 44848, 126

6,6016,462

2,471

58. 4558.5059.00

126, 40696, 29020, 576

547. 0134.899.934.9

9, 59590

.0580

78. 50.0487

44.50

1, 9532,230

109

565, 220392, 145173, 075511, 684

1,54431, 251

767, 919414 678169,87225, 887

6,7863,9212,8656,7887,355

13. 83014, 5446,130

12, 7577,539

45, 40638, 4596,948

2,51890

1, 1511, 253

713

116,63687, 21555, 471

6,7036,612

2,483

58. 4558.5059.00

140, 843107 62223, 594

552.4148 8110.138.6

9,88296

.0580

78.50.0487

43.50

1,8712,032

114

511,429355, 914155, 515443, 363

1,45426. 662

837. 373442 674172, 39617, 083

7, 2484,0023,2457,2177,385

12, 84613, 6965,279

12, 2447,850

49, 52342, 1677,356

2,85775

1,1131,310

714

121, 26190, 86653, 804

6,9656,937

2,421

58. 4558.5059.00

145 674110 40923, 745

559. 7158 0120.038.0

10 50198

.0582

78.50.0487

44.50

1,9102 075

124

501, 455343, 966157,489445, 349

1,49226. 079

782, 285419 4Q5160 51815, 508

7,2133,9693,2447,2147,385

7,2669,2683,277

7,4107,488

51,04043,718

7,323

2,23764

1,0621,306

697

116,98199, 28058, 069

6,6996,690

2,361

58.4558. 5059.00

152,381116 90825, 635

584 7158 1119.738.4

10, 24799

.0582

78.50.0487

45.50

1,7412 042

138

252, 716150 311102, 405212 971

1, 41326. 338

855, 043435 958166 44215, 268

7, 0^64, 0343, OR27, 27fi7,210

3,5022, 5494,204

1847, 663

44, 35937. 5396, 820

1,474134

1,075r 1, 260

664

123 107*• 99, 946

60, 409

6, 954r 6, 867

' 2, 289

58. 4558.5059.00

r!58 982122 20129, 003

592 4158 1120. 138.0

10, 50499

.0581

78.50.0487

50.00

1,8402 185

147

270, 693156 504114, 189230 573

1,347' 24, 192

7,4184,0713, 3477,4377, 165

07,953

36, 70230, 2836,419

7,050p 7, 027

p 2, 275

58.45p 58. 50*> 59. 00

588 6160. 1124.735. 5

T 10, 82899

.0581

t> 78. 50P . 0487

f 54. 50

2,3771 940

117

290, 031172 094117,937243 656

1, 35729. 405

58 45

p l O 12199

.0581

r Revised. v Preliminary.JFor 1956, percent of capacity is calculated on annual capacity as of January 1,1956, of 128,363,090 tons of steel; for 1955, data are based on capacity as of January 1, 1955 (125,828,310 tons).

NOTE FOR STEEL PRODUCTS, p. S-33.—Data for semifinished products comprise ingots, blooms, slabs, billets, etc., skelp, and wire rods (formerly included with wire and wireproducts); rails and accessories include wheels and axles. Monthly data for 1950-54 and annual shipments beginning 1933 on the revised basis will be shown later.




1955

Janu-ary

Febru-ary M'arch April May June July August Septem-


Decem-ber

1956

Janu-ary

Febru-ary

METALS AND MANUFACTURES—ContinuedIRON AND STEEI^-Continued

Steel. Manufactured Products — Continued

Stool products, not shipments :§Total (fill crados) thous of short tons

Semifinished products doStructural shapes (heavy) stool piling doPlates doKails and accessories doBars and tool stool, total. . . - _ do

BPI'S' Hot rolled (incl light shapes) doReinforcing doCold finished do

TMpo and tubing doWire and wire products doTin mill products (incl. black Tjlate) doSheets and strip (incl. electrical), total do

Sheets- Hot rolled doCold rolled (incl enam^linc) do

NONFERROUS METALS AND PRODUCTS*Aluminum:

Production primary domestic short tonsEstimated recovery from scrap0 doImports (general):

Metal and allovs, crude doPlates sheets etc do

Price, primary ingot, 99% 4- dol. per IbAluminum shipments:

Mill products and pig and ingot (net) mil of IbMill products, total do

Plato and sheet doCastings do

Copper:Production:

Mine, recoverable copper.. . short tonsRefinery primary do

From domestic ores doFrom foreign ores do

Secondary recovered as refined doImports (general):

Refined unref. scrap © doRefined _ _ do

Expoits:Refined, scrap, brass and bronze ingots do

Refined doConsumption, refined (by mills, etc.) doStocks refined, end of month, total do

Fabricators' doPrice, bars, electrolytic (N. Y.) _ dol. per Ib

Copper-base mill and foundry products, shipments(quarterly) :

Brnss mill products total mil oflbCopper wire mill products © doBrass and bronze foundry products do

Lead:Production:

Mine, recoverable lead __. short tons _Secondary, estimated recoverable ©_ ..do

Imports (general), ore©, metal _ . _ _ _ . doConsumption, fabricators', total doStocks, end of month:

Producers', ore, base bullion, and in process ©(ABMS) short tons

Refiners' (primary), ref. and antimonial © doConsumers', total doScrap (load-base purchased) all consumers do

Price, pig, desilverized (N. Y.) dol. per IbTin:

Production, pig, total long tonsImports for consumption:

Ore © doBars pigs etc do

Consumption, pig, total doPrimary... _ _ _ _ do

Exports, incl reexport13 (metal) doStocks pig end of month total do

Industry _ doPrice, pig, Straits (N. Y.), prompt dol. per l b _ _

Zinc:Mine production, recoverable zinc short tonsImports (general):

Ores and concentrates © do _.Metal (slab blocks) do

Slab zinc:Production (primary smelter), from domestic and

foreign ores ._ _ ... _ _ _ short tons .Secondary (redistilled) production, total. _ doConsumption, fabricators', total- ... _ _ doExports doStocks, end of month-

Producers', smelter (AZI) _ doConsumers' _ . _ _ . _ . do

Price, prime Western (St. Louis) dol. per l b _ _Zinc oxide (zinc content of ore consumed)

short tons _ _

G 0102843584391^0882623116136

578309481

2, 520734

1,207

128, 20327, 091

15, 674888

. 2303

289.7206.2

r 114.364.4

83, 300117, 15388,31228, 84115, 834

39, 30711,153

26. 92915, 883

126, 308121. 83581 . 807.2978

' 27, 82835, 94721, 10793, 000

107, 31481, 858

113, 36459,104.1500

2,608

1, 8574,1436, 9004,500

17514, 75114, 100.8727

r 40, 547

39, 07614, 697

80, 1395, 937

85, 1194,428

117, 15297,013.1150

6, 610

6 120355365457161901630128134

610327489

2, 456734

1, 154

116,23628, 521

12, 593895

.2320

301.6205.2112.066.9

83, 492111,01581,02129, 99415, 028

45, 85812, 104

37, 37524, 890

119,609120, 643

77, 683.3270

r 27, 42732, 74233, 63386, 000

114, 48162, 599

120, 14256, 361.1500

2,728

1,3126, 3857,2804,730

17414, 76113, 970.9077

r 39, 636

29, 83215, 828

73, 7855, 192

80, 6021,918

96, 165101,734

. 1150

6,376

7 269428436543207

1, 100764161165

795398580

2,782829

1,292

130 27233, 933

12,7531, 546.2320

347.9234.7128 479.0

93, 769120,61194, 26026, 35119, 383

44,61911,120

25, 67317,811

137, 361117, 78673, 632.3294

677392238

r 31, 31538, 97630,21499, 000

108, 51362, 398

112, 74250, 939.1500

2,582

1,7696,0268,0505,200

17714, 94413, 905.9104

r 45, 692

35, 19113, 257

83, 3955,784

96, 3882 618

90, 837102, 43S

.1150

6,774

7 279423425560199

1, 101747184160

824406602

2, 73970,9

1,297

126 39429, 919

18, 4091, 065.2320

324. 3227.9123.373.0

89, 154111,34885,11826, 23018, 858

44, 04115, 935

28, 575•• 17, 950133, 130111, 37571,086.3570

r 28, 68635, 00733, 28696, 100

106, 02352, 804

112,17050, 053.1500

2,298

2,4373. 9187,8205, 160

18513, 51312, 835. 9139

r 43, 277

41, 26215, 696

78, 3995, 387

91,312413

74, 579103, 304

. 1193

6, 563

7 541405454571201

1,160774215161

872414685

2,779813

1,298

131, 12829, 491

20, 3911, 467.2320

342.4234. 3125.271.7

90, 824127, 12496, 54930, 57518, 827

45, 33910, 150

28, 753'21,910135, 513121,024

78 865.3570

r 28, 93236, 87648, 597

100, 400

107, 25748, 988

124, 14549, 046.1500

1,842

1,8615,4547, 9655, 305

4815, 61614, 550.9137

r 44, 605

34, 13413, 048

81, 1735,004

94,9133 053

63, 184104, 003

. 1200

6,725

7 770444417600222

1, 164770209173

967444734

2,779773

1, 312

127, 63430 925

20, 1742. 126. 2320

341.7255. 7136 468.5

89, 392117 63989, 44428, 19520,015

49, 36914, 449

19,32215, 702

141,044112, 18775,158.3570

666401258

' 28, 42734, 76534, 023

102, 900

106, 40942, 843

123, 68646, 413.1500

1,106

1,1635,6157, 7855,160

8313, 67513, 644. 9364

«• 43, 536

38, 94913, 166

79, 0015, 457

92, 7391,550

48, 603106, W.3

. 1223

7, 021

6 251358388506180933627177122

824283417

2, 362703

1, 120

132 66923, 687

12, 9571,172.2320

303 9210.2113 355.0

33, 34342 56621 20421, 27212 557

46, 58112, 283

13, 7909, 544

71,233101,86067, 334.3570

r 25, 78321). 83632, 64083, 800

103, 63638, 198

118, 58345, 771.1500

1,147

2, 1165, 4496, 6404,520

416, 36215, 580.9683

r 41, 383

35, 80214, 730

78, 9175,483

70, 589756

51 290114,115

.1250

7, 062

7 054399411543155

1, 081717197158

885355618

2, 606111

1,198

133 55128 923

17, 6211,702.2427

355 6250.0141 464.9

67, 23578 90555 82423, 08115 201

54, 75327, 345

15, 37210, 52100,493

122 68275 668.3815

«• 26, 81331, 14740, 735

106, 600

125, 64432, 767

116, 68350, 762. 1500

1, 986

2,1805,5207,9855. 310

9116, 34815, 685. 9646

r 42, 633

41, 60016 538

78, 8366,038

87, 687973

46, 084120, £43

. 1250

7,175

7 378414459619171

1,092739186158

873361676

2,713768

1,262

130 60630 681

14,4162,038.2440

344 4244. 1134 567. 1

90, 271129 79197 23432 55721 328

63, 70623, 770

22, 29418,615

126, 772153 738102 742

. 4405

521345234

' 26, 87636, 29040, 794

111, 500

1.22, 35229, 384

115, 10453, 412. 1510

2 003

8195,9247, 9605, 330

2016, 50916, 115. 9026

r 42, 154

57,41018, 111

77, 0876,361

91, 849760

42, 167120, 262

. 1293

6,237

7 217400461607160

1,197814209

171

877361367

2,787788

1 312

134 65531 785

12, 1832 216.2440

343 1248 8138 3

72 2

92 102127 53794 21833 31922 665

52, 15420, 784

20 29315, 719

M51 4°0151 238106 185

.4303

r 27, 56440, 98038, 999

114, 700

124, 81124,146

110,24752 872. 1550

2 036

1,4435 9757 8255,015

7117 16116, 965. 9609

r 41, 167

45, 94422 031

82, 4606, 989

97, 940589

43 868r!15, <i81

. 1300

8,140

7 248435470639146

1, 128758194165

884339363

2, 843834

1,318

133 68932, 092

10, 2352 689.2440

353 2245. 5137 175. 1

91, 053123 09594 87628, 21922 071

57, 13020, 876

19, 34116, 434

"-14S 835156 801112 897

.4296

25, 97536, 47940 335

108, 100

116,20426, 147

109, 52553 209.1550

2 092

1 9665 0107 8105,010

917, 44817, 267.9787

39, 555

42, 70020 627

80, 6027.014

98. 275151

38 058''117,752

. 1300

8, 065

7, 581429485678180

1,215834194176

885332390

2,988887

1,395

140 748P 32, 200

10, 2472, 900.2440

357. 0r 243. 8

138. 675.3

88, 575135 67599, 34936, 32621 073

58, 05020, 682

19, 14214, 728

r!54 852r!64 192rl!4 634

.4348

r fifiQr 417r 268

27, 80238, 96750, 238

104 000

1 19, 73331, 691

115,12747, 704.1556

2 705

1, 1635 2987 5004, 770

7021 11418, 8301. 0776

39, 615

49, 20817 967

85, 6016, 977

97 255684

40 979119 517

. 1300

8, 304

7 588417467650223

1, 189818182178

879353555

2, 855844

1 310

140 394

2440

356 0252 4142 2

95 505117 63193 25224 37917 245

i ]g 43313 301

P 150 121P i3q gi2»96 555

4375

26 976

117, 168

.1615

1. 0482

40, 548

41 330

. 1343

8, 909

.2440

.4459

. 1600

1.0053

39 833

. 1350

r Revised. v Preliminary. § Beginning with the March 1956 SURVEY, data reflect regrouping of certain products. For changes not self-explanatory, see note at bottom of p. S-32.©Basic metal content. l Data beginning January 1956 excHide exports of brass and bronze ingots; such exports averaged 65 tons per month in 1955.*New (or substituted) series in most cases. All series (except as noted) are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to August 1954 for new series will be

shown later. General imports comprise imports for immediate consumption plus material entering the country under bond. Aluminum—prices of aluminum ingot are as quoted by theAmerican Metal Market; shipments of mill products plus pig and ingot are compiled jointly by the U. S. Department of Commerce, BDSA and Bureau oj the Census. Copper—exports, consump-tion, and stocks of copper and shipments of mill and foundry products are compiled by BDSA. Lead—producers' stocks of lead ore and bullion are compiled by the American Bureau of MetalStatistics; stocks of scrap lead are in gross weight. Tin—total stocks include Government stocks available for industry use. Zinc—primary smelter production of slab zinc is derived by sub-tracting secondary (redistilled) production at primary and secondary smelters (compiled by Bureau of Mines) from total smelter production (compiled by American Zinc Institute).


S-34 SURVEY OF CUREENT BUSINESS March 1956


1955

Janu-ary

F*™- | March April May June July August Seberem"| OctoberNovem-

berDecem-

ber

1956

Janu-ary

Febru-ary

METALS AND MANUFACTURES—Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Radiators and convectors, cast iron:Shipments - thous. of sq. ft. of radiationStocks, e n d o f month _ _ _ _ _ _ _ d o _ _

Oil burners:Shipments numberStocks, end of month _ _ . _ do._

Stoves and ranges, domestic cooking, excl. electric:Shipments, total _ _ _. . number. _

Coal and wood doGa^ (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 doOil .._ d o _ _ _Solid fuel do

Water heaters, gas, shipments _. . - _ _ - -do _

MACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly totals:Blowers and fans, new orders thous. of dol__Unit heater group, new orders do

Foundry equipment (new), new orders, netmo. ave. shipments, 1947-49=100..

Furnaces, industrial, new orders, net:Electric processing thous. of dol..Fuel-fired (except for hot rolling steel) do

Machine tools (metal-cutting types):New orders mo. avff. shipments, 1945-47=100Shipments do

Pumps (steam, power, centrifugal and rotary), neworders thous. of dul

Tractors (except contractors' off-highway and garden) :Shipments total thous. of dol

Wheel-type _ _ d o _ -Tracklaying do

ELECTRICAL EQUIPMENT

Batteries (automotive replacement only), ship-ments thousands..

Household electrical appliances:Refrigeration, output (seas ad].)* 1947-49=100Vacuum cleaners (standard type) , sales billed

thousands ._Washers domestic sales billed do

Radio sets, production § doTelevision sets (incl. combination), production!

thousands..Insulating materials and related products:

Insulating materials, sales billed, index1947-49 = 100

Fiber products:Laminated fiber products, shipments ©

thous of dolVulcanized fiber:

Consumption, of fiber paper thous of IbShipments of vulcanized products cf thous. of dol

Steel conduit (ri°id) shipments thous. of ft

Motors and generators, quarterly:New orders index 1947-49=100Polyphase induction motors, 1-200 hp:f

New orders thous. of dolBillings do

Direct current motors and generators, 1-200 hp:^fNew orders thous. of doL _Billings do

1,6755,876

57, 28250, 686

167,7525, 564

153, 0659, 123

75, 0044.824

41,64628, 534

85, 47650 92331,899

2, 654200, 001

81.0

1,1483, 543

203. 0167.3

5, 220

66,17841,43124, 747

1,478

131

»• 248. 9357.4

1,068.1

654.6

132.0

9 426

4 0371,571

24 049

1,9706,106

58, 04151,163

200, 3065,527

186, 4368, 343

90, 8974,422

38, 22848, 247

79, 53747 74028, 9172,880

214, 703

90.4

9764, 390

209.4168 2

6, 709

71 , 78645, 80725, 979

1,647

133

'261.2353. 2

1,089.7

702.5

137.0

10 076

3 9181,565

25, 898

2,4196, 416

59, 21862, 655

232, 4316,063

217,4668,902

105,3577,710

50, 35047, 297

87, 12153 67330, 5102,938

248, 754

55,81314,648

163. 6

1,3425,609

214. 6202 5

6, 161

79, 30254, 02525, 277

1, 321

141

' 356. 4370.6

1 1,482.3

i 831. 2

160.0

12,211

4 8761,803

29, 762

155.0

38, 64934, 638

6,7299,052

2 0356,991

60 15571,864

196, 7054 283

182, 5029, 920

98, 3078 624

50,31139 372

91, 90858 0123l[ 484

2 412231,694

178.6

2, 2345, 032

178. 1180 1

5 447

94 71864, 84729 871

1,281

152

'241.9313. 5

1,099.8

583. 2

160.0

11 106

4 5911, 815

30 521

1,7327, 898

65 40769, 732

199, 6824 107

187, 7357,840

122, 72210, 62474, 60537, 493

99, 93762 69634! 284

2 957216, 731

145. 7

1,8133, 801

243.7180 9

6 411

82, 28951,01631 , 273

1 , 572

158

•r 255. 9341.8

1,114.0

467. 4

154.0

10 909

4 7781,799

32 504

2,2087,903

68 60068, 141

216,8794 817

204 1707,892

186, 20115 589

116,85453 758

117,37674 12539, 6573 594

214,607

53, 01316 497

186.8

2, 6352.836

263. 2198 8

7,419

79 17947,91131 268

1,794

163T 239. 7

354. 5i 1 ,204. 9

i 590. 0

158.0

11,522

4 6791, 750

35, 310

186.0

44, 40741, 298

10, 5458, 179

1 8657, 520

70 94565 462

156 7455 367

145 9515 427

233,19826 304

142 72364 171

107 90564 56338 902

4 440207 226

213.4

7862 981

217 8152 9

5 834

63 36038* 61324 747

2,024

161

' 206. 8245 9718. 5

344. 3

117.0

9 856

3 1361,367

53 017

3 6156,378

100 82659 572

238 0146 460

219 08312, 471

311,16445 107

185, 48180 576

163, 74199 55857^ 7926 391

260, 438

134. 0

1,3484,101

221.3164 6

7 022

52 35929, 30823 051

2,777

160r 252. 7

403.8r 930. 1

647.9

147.0

11 057

4 5051,817

31,611

3 3265 845

107 97250 174

238 2147 752

218 28012 182

353,82056 196

214,38883 236

164, 154101 8?854 1058 221

224 027

58, 17018 228

156.7

9646, 579

207 3195 4

5 664

59 14029, 73629 404

3, 039

166r 306. 5

414. 9r] 1,242.1

i 939. 5

156. 0

12 827

3 8181, 639

29 682

208 0

49, 96940 578

9, 9507,220

3 1155 *>34

94 68949 268

227 5066 834

208 63312 039

399, 45465 947

9.51' 62981 878

150 33194 36847 6608 303

21 8* 521

108 6

1 5327 061

347 1°04 °

7 048

81 72842 58939 139

? 3. 039

162

' 349. 7362 3

•'1,396.6

759. 7

156 0

12 399

4 6071 914

3? 216

2 7794 666

63 186r 4V)' 545

198 8527 053

183 5318 268

303, 54647 447

212 56543 534

120 94877 42737 2026 319

184* 761

154 4

1, 5434 131

433 3214 2

5 249

67 35533 28834 067

r 9, fy>7

146

' 307. 3361. 3

'1,487.9

631. 7

155 0

11 668

4 4091,776

29, 522

43 37449 7°8

167 459

6 47615? 914

8. 002

139,91119 88991,09598 997

80, 10059 qio23,8193 371

175.173

47, 14919 204

183. 9

2,1888. 191

r .T34 1r237 8

7 624

77 61139, 32138 290

' 2, 556

1 56

243. 5357. 5

'! 1,694.7

r i 604. 6

160 0:

12 074

4 651! 1,847

31 052

47, 30341,659

12, 9869, 838

195.6

2, 1026 189

P 39Q 2p 191 9

2,016

302. 2393 7

r 1,078. 6

r 5S8. 3

4 6782 2 24827 432

n, 112.0p 557. 1

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production ._. thous. of short tons. _Stocks in producers' storage yards, end of month

thous. of short tonsExports - doPrices:

Retail composite dol per short tonWholesale, chestnut, f. o. b. car at mine do

2,333

1,267311

25 5213. 721

2,442

1,164253

25 6713. 721

1, 910

1, 132175

25 6713. 721

1,640

1,145148

25 6413. 721

1,888

1, 081176

24 0811.829

2,024

1,000226

24 1811. 829

1,755

1,008207

24 5012. 257

1, 812

1,048242

24.4812. 257

2,333

942302

24.6312. 524

2,127

966418

25 1813. 261

2,268

886331

25.5113. 324

2,383

720374

25.96r 13. 640

' 2, 516

555

26 37v 14. 130

2,392

r Revised. Preliminary. l Represents 5 weeks production. 2 See note*New series. Compiled by the Board of Governors of the Federal Reserve System.

tioners, and dehumidifiers. Monthly data beginning 1947 will be shown later.

marked "cT " for this page.The seasonally adjusted index reflects changes in total output of refrigerators, freezers, room air condi-

, . .§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September, and December 1955

cover 5 weeks; other months, 4 weeks.© Data beginning August 1955 cover 20 companies; earlier data, 19 companies.0* Beginning January 1956, data include shipments of hplloware (except tubes); in 1955, such shipments averaged $189,000 per month,^ Data for polyphase induction motors cover 34 companies; for direct current motors and generators, 27 companies.




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

PETROLEUM, COAL, AND PRODUCTS—Continued

COAL- ContinuedBituminous:

Production thous. of short tonsIndustrial consumption and retail deliveries, total \

thous. of short tons -Industrial consumption, totalj do_ ...

p]lectric-power utilities doCoke ovens _ . __ _ _. do_ __Beehive coke ovens doSteel and rolling mills __, do_ _Cement mills doOther industrials __ -do

Railroads (class I) . . _ _ do. __Bunker 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 _ ._ _ do_ _Other industrials doRailroads (class I) do

Retail dealers _ ._ _. _ do _ . _

Exports _ . do . _Prices:

Retail, composite dol. per short ton--Wholesale:

Screenings, indust. use, f. o. b. car at mine-, doLarge domestic sizes, f. o. b. car at mine do.-_

COKEProduction:

Beehive thous. of short tons..Oven (byproduct) __doPpstrnlnnm cnkfi 9 dr>

Stocks, end of month:Oven-coke plants, total do

At furnace plants.. _ do ._At merchant plants - do

Petroleum coke _ _ doExports doPrice, beehive, Connellsville (furnace)

dol. per short ton._

PETROLEUM AND PRODUCTS

Crude petroleum:Wells completed. number--Production 6" thous. of bbl_Refinery operations--. percent of capacity- _Consumption (runs to stills) thous. of bbl_.Stocks, end of month:

Gasoline-bearing in U. S., total doAt refineries ___ - _ do ..At tank farms and in pipelines do -__On leases. _ ._ _ ___ __ do ..

Exports doImports _ ___ -. __ __ _ doPrice (Oklahoma-Kansas) at wells dol. per bbl._

Eefined petroleum products:Fuel oil:

Production:Distillate fuel oil thous. of bbl—Residual fuel oil _ do _ _

Domestic demand: cfDistillate fuel oil: do.—Residual fuel oil__ .__ _ _ . _ . do .._

Consumption by type of consumer:Electric-power plants. doRailways (class I) ...do ___Vessels (bunker oil) _ do

Stocks, end of month:Distillate fuel oil _ .__doResidual fuel oil. __ _ _ do

Exports:Distillate fuel oil doResidual fuel oil do

Prices, wholesale:Distillate (New York Harbor, No. 2 fuel)

dol. per gal..Residual (Okla., No. 6 fuel) dol. per bbl..

Kerosene:Production thous. of bbL.Domestic demand cf -- --- - -- ... do _Stocks, end of month doExports do...Price, wholesale, bulk lots (New York Harbor)

dol. per gal. .

36, 580

36, 33430, 10111, 7508, 258

99506755

7,316

1, 415

6.233

65, 86965, 16638 09511,476

5561, 155

12, 4871,397

703

1,804

15. 10

4.4816. 951

615, 745

457

2,7481, 6541,094

44929

13.75

2,486209, 600

90228, 737

260, 15667, W16

172, 63519, 605

38120, 799

2.82

53, 92638, 276

73, 80155, 880

8,9128,0935,916

86, 69249, 457

1 7862,819

. 1021. 500

12, 66517, 07123, 266

109

.110

35 545

33, 76927, 91610 8407,631

105504670

6,892

1,2713

5 853

63, 75163 13036 79611 066

5091,082

12 3371 340

621

2 539

15.10

4. 4816. 949

645,327

436

2,6141,632

98147443

13. 75

2,340191, 392

92211, 365

258 63066, 574

172, 42919 627

97620, 912

2.82

51, 71934,683

68, 51351,386

7,4327,6995 803

69, 28346, 042

9192,985

.1021.500

10, 47115,00318, 291

326

.110

37 060

35, 10530, 24311 2348, 755

169511707

7,578

1,27811

4 862

63, 66463 02237 03510 776

505963

12 4941,249

642

2.282

15.10

4.4806.920

1026,131

486

2,5261,579

94647639

13. 75

2,738213, 454

90228, 594

264, 43068, 829

176,19319, 408

77124, 480

2.82

52, 77936, 722

58, 25251, 475

6 8138,2686 379

62, 45744, 970

1 5212,231

.1021. 500

11,08010, 94018, 187

179

.110 I

34 620

31, 20728, 3689 9068, 519

196417672

7,411

1,20344

2 839

64, 00163 27037 37610 702

534970

12 4691,219

731

4, 569

15.00

4. 4016. 369

1176,014

438

2,4851,529

95649829

13.75

2,787206, 600

87214, 080

275 23271, 215

184, 31719, 700

1,43120 818

2.82

46, 03333, 288

37,17743, 668

5 6787,6356 332

70, 13943, 838

1 2582, 535

.1021. 500

9,3735, 799

21, 486215

.110

38 620

31, 47829, 12310 5058,927

222387714

7,093

1,24035

2 355

66, 35665 47138 34711 516

5611 015

}*> 8401 192

885

4 717

14.77

4.3776. 371

1356 287

476

2, 3461 373

97347342

13.75

2,594206, 983

89225, 699

276 94871 293

185, 77119 884

1, 16623 106

2.82

47, 09434 4?6

31, 72641 848

4 8847 6886 708

83 55945, 083

2 1092, 256

.1011.600

9,1643 878

26 375300

.108

36 320

31, 35628, 71610 8088, 523

244365687

6 887

1,15943

2 640

69 45268 31039 22512 747

5581 140

13 4051 235

1 142

4 992

14. 81

4.3906 423

' 1546 001

479

2 1881 227

96144044

13. 75

2,798198 389

91224, 510

270 85070 788

181 07618 986

1 05324 739

2.82

48, 83932 392

29 99440 754

4 699

8 3376 362

100 65244 398

o 1452, 380

.1011.700

8 0844 374

29* 830221

.108

36, 470

31, 44129, 08311, 4648,621

238342707

6,508

1,15449

2,358

68, 04266 84538 40512 348

5481,166

13 2581 120

1 197

4 652

14. 83

4.3956.588

1456 039

483

2.1121 198

91443757

13.75

2, 661205. 600

93234, 986

°64 60169 399

175, 70219 500

88725 049

2.82

48, 83233 823

28, 35938 919

4 6178 1857 005

119 16944. 894

2 2591,866

.1011.750

8 8775 436

32 749430

.108

43 000

34, 23130, 83112 2908,886

276357710

7,003

1,25356

3 400

70, 98869 70139 28813 674

5671 236

13 7621 174

1 287

5 708

14.93

4. 4306 738

r 170r fi 939

467

r 2 0561 250r 8()6

40239

13.65

2 834206 604

93234, 966

9=15 42765 920

171 28519 222

1 19126 502

2.82

50, 23733 794

33 78141 287

5 3698* 4717 33°

133 67545 480

2 1942! 618

.1011.750

8 9756 116

35' 292' 295

.108

40 740

34, 85030, 53911 7838,858

268364703

7,283

1,22852

4 311

71, 70070 44339 87213 993

5801 289

13 5561 153

1 257

5 436

15. 25

4. 7377. 104

1636 234

417

1,9751 291

68436145

13.63

2, 746201, 919

91224, 478

256 26967 887

168,34420 038

83225 161

2.82

48, 61731 815

37 29037 866

5 1838,3306 755

143 24846 267

2 1952, 226

.1031. 750

8 3637 036

36 361144

.108

41 650

37, 53332 71312 3829 151

29140773*>

8 339

1 35160

4 820

71 74770 51640 20813 892

' 5701 304

13 420l' 122

1 231

5 534

15.40

4.7067 166

'1796 452

473

1 7821 240

54233048

13.63

2 473211 770

90231,411

259 20167 893

17l' 24720 131

87125 606

2.82

49, 98534 821

38 84842 583

6 0438 4567 061

152 28847* 040

2 2831,884

.0981. 750

9 5669 087

36 70593

.103

43, 550

40, 58134 38713 0269 020

315486768

9 281

1 43556

6 194

70 32569 21139 72013 604

5271 342

12 9231 095

1 114

4 656

15.43

4.7227 187

1896 357

T 519

1 7481 319

42930758

13.63

2 598210 406

' 93230, 758

260 70765 095

175 42720 185

87226 658

2.82

50, 39336 412

r 59 70051 219

7 0968 6886 455

141 80844 071

1 4271,456

. 0981.750

10 22913 47333 283

93

. 103

45 270

' 45, 053r 37, 506

14 482f 9 432

373575871

10, 265

1,486T 22

7 897

* 68 423' 67 425

38' 228T 13 342

5761 270

12 9221 087

998

4 340

15.46

4.727r 7 204

2256 640

536

1 6971 386

31130553

13.88

2 512221 804

98240, 634

265 61066 852

178 77119 987

1 04030 368

2.82

54, 70839 879

83 91060 538

8 5409 0076 777

111 33339 174

1 5592,088

.1031.800

12 24018 60226 770

99

. 108

44 750

45, 46937, 58814 9369 455

400565848

10 019

1 3623

7 881

65 89664 95136' 44212 661

' 5791 132

13 0641 073

945

15.55

p 4. 732P 7 235

2556 660

1 6491 433

215

14.13

P2.82

8 221

6 292

p. 106P 1. 949

». Ill

41 825

14.13

T Revised. *> Preliminary.{Revised (effective with the October 1955 SURVEY) to include bunker fuel.cf Revisions for 1954 will be shown later,9Includes nonmarketable catalyst coke. Such production for January-December 1955 is as follows (thous. short tons): 198; 186; 184; 141; 204; 209; 204; 219; 189; 209; 231; 226.



Unless otherwise stated, statistics through 1954 anddescriptive notes are shown in the 1955 edition ofcr sowBUSINESS STATISTICS Janu-

aryFebru-

ary March April May June July August Se^m- October IN^- D<^

1956

Janu-ary

Febru-ary

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products — ContinuedLubricants:

Production thous. of bbl_-Domestic demand 9 - doStocks, refinery, end of month _ , d o _ _Exports doPrice, wholesale, bright stock (midcontinent,

f. o. b. Tulsa) „ -dol. per gaL_Motor fuel:

Gasoline (including aviation):Production, total 9 _ _ thous. of bbL-

Gasoline and naphtha from crude oil do _ _Natural-gas liquids:

Used at refineries (incl. benzol) _ _ -_ -do _.Used in other gasoline blends, etc 9 do _

Domestic demand 9 - - - - --- do _Stocks, end of month:

Finished gasoline - - -doAt refineries do

Unfinished gasoline do _Natural gasoline and allied products do. _ -

Exports (motor fuel, gasoline, jet fuel) do .-Prices, gasoline:

Wholesale, refinery (Oklahoma, group 3)dol. per gal__

Wholesale, regular grade (N. Y.)-- - --do _-Retail service stations 50 cities do

Aviation gasoline:Production total thous. of bbl.

100-octane and. above doStocks end of month total do

100-octane and above -- - -- do -_Jet fuel:*

Production __ do _Domestic demand - - _ _ d oStocks end of month do

Asphalt :QProduction doStocks refinery, end. of month _ do

Wax:0Production - - -- do_. _Stocks refinery, end of month _ _ d o . _

Asphalt products, shipments:Asphalt roofing, total thous. of squares- .

Roll roofing and cap sheet:Smooth surfaced _ _ - do. _Mineral surfaced do

Shingles all types - -- -- - doAsphalt sidings doSaturated felts -- short tons _

4, 5653, 180

10, 162892

.180

112, 80899, 419

10, 8572,532

96, 397

159, 48692 09210, 07612, 973

1,765

.105

.125

.211

8,0196 064

10, 1306,113

4, 1633, 9063 472

4,2468,623

433579

3,190

603686

1,90285

62, 720

3,9922 901

10,0871,094

.180

102, 34290, 424

9,4512,467

88, 464

170, 422101 07011, 22112, 004

1,641

.105

.125

.212

7,2455 745

10, 3026,380

4, 2654, 3693 368

4,2309,888

427578

3,264

652687

1, 92579

81, 326

4,6023 6659,7791 179

.180

109, 83897, 207

10, 0672,564

105, 684

172, 396101 11911, 57612, 805

1,559

. 105

.125214

8,2175 934

10, 0306,063

5, 2855, 0873 566

5,06710, 869

466542

5,533

1,1341,0633, 336

125112, 726

4,6913 5899,6151 211

.180

105, 06992, 793

9,4862,790

111,116

165, 41393 28510, 18813, 460

1,642

.105

.125

. 216

7,8786 4339,6056, 098

4, 2434,2023 607

6,27811, 779

441552

6,099

1,0881,1003,912

9889, 320

4,7403 7669,4301 097

.180

111, 75999, 016

10, 0272,716

115, 707

158, 55285 13210 19914, 976

2,135

.108

.125

.215

8,7716 4969, 6756,124

4,8454,9723 480

7,82711, 524

423554

5,972

9861,1153,870

9177, 040

4,8183 7509,2331,208

.180

111,75999, 291

10, 0012,467

120, 710

147, 15476 36310, 28516,327

2,000

.108

.125

.214

8,9267 1698 5575,230

5,0074,8333 619

8 7999 943

464590

6,950

1,1361,3164,498

109109, 404

4,5573 4888,9471 2^9

.180

118, 548105, £82

10, 4752,491

115, 653

146 84475 49910 23517, 553

2,471

.108

.125219

9 3156 9429 5566, 115

4,5494 7113 456

9 5069 107

433602

5,225

8501,0743,300

9169, 355

4 8713 9868,5471 220

.180

119 601106, 311

10, 6432 647

121 816

141 35272 57810 56018 048

2,416

110.125218

9 4167 2279 6216,210

5,0294 8993 542

9 4626 918

408573

7 183

1 3421,5284 314

12497, 146

4, 5263 5728,2911 143

.190

113 527100, 259

10, 6142 654

113 379

140 23671 0359' 958

17, 658

2,171

.110

.125

.214

8, 3346 843

10, 1086,487

4,9685 1813 329

9 0475 789

416561

6,242

1,2031,3323 707

13974, 887

4,6663 7208 1081 060

.190

118 652104, 839

11, 9031,910

112 558

143 08073 32710 02318, 144

2,510

.110

.130213

9 2637 480

10 0746,527

5,0765, 1363 229

8 0825,669

445535

5,948

1,1901, 3833 375

15078, 717

5,1153 7138,4331 024

.200

116, 009102, 255

11,3792,375

109, 212

148, 05074 8529,821

16, 450

1,904

.110

.130

.212

'8 2956 803

10 0356,571

4,7544,7863 197

6 0176 504

482536

4,617

9081,0762,632

128104,487

4, 6933 1508,7631,155

.200

121, 411107, 750

11,4792,182

111,034

156, 04785 5859, 386

13, 564

2, 262

.110

.130

.216

9,1297 4479,5406, 108

4,4644, 2043 457

4 5607,768

455551

2,707

528625

1,55474

81, 117

*.200

p. 110*. 130

214

3,188

626630

1,93283

53,945

213

PULP, PAPER, AND PRINTING

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts -- thous. of cords (128 cu. ft.) _Consumption _ _ -do . __Stocks end of month do

Waste paper:Receipts -- -- -short tons .Consumption - - doStocks end of month do

WOOD PULPProduction :cf

Total all grades . thous. of short tons-Dissolving and special alpha - - doSnlfate doSulfite - -- -- - do -_ -Groundwood - do _ _Defibrated or exploded do-Soda, semichem., screenings, damaged, etc.- do

Stocks, end of monthic?Total, all mills do

Pulp mills - - doPaper and board mills - doNonpaper mills - - -- -do _ -

Exports, all grades, total do. _ .Dissolving and special alpha -do _ .All other - -do

Imports, all grades, total _. --do - _ .Dissolving and special alpha .-. doAllother do

2,8232,6805,386

655, 291686, 004428, 747

1, 654. 578.1

881.7216. 9212.1104. 5161. 1

743.4175.9489.677.9

49.014.035.0

158.210.2

148.0

2,6902,5125, 563

643, 881676, 121397, 734

1, 564. 872.7

852.8196.5206.196.0

140.7

731.5167.8489. 174.6

62.513.149.4

149.113.8

135.4

2,6472,8625 348

785, 696785, 023398 987

I, 784. 182.1

964 3223.0233.9116.8164.0

714.0155.8485.073.2

54.415.139.3

208.619.1

189.5

2,1892, 7524,785

743, 006733, 154407 295

1, 709. 470.4

920 2233. 9219.7106. 6158.6

712.1154.9479.577.7

55 516.139 4

159.618 8

140.8

2.4162,8424 359

795, 214793, 855408 530

1, 787. 991.5

976 5211.8226.2112.0170.0

719.3162.0475 0

on 0

49 312.437.0

181.119 2

161.9

2,7132 8374 235

865, 151904 539779 120

1, 768. 389.2

971 0210.6219 8112.1165.6

752.9170.8491 290 9

49 815 434 5

208.421 5

186.9

2, 7342, 6054 363

668, 080633 344436 772

1,631.266.6

891 7201.0218.0105. 5148.5

741.0162.8491 886.4

52 519.033 5

157.215 2

142.1

3 0752 8784 566

781 481802 637415 277

1 810 799 4

976 8210.9230 7115.9176.9

759.4164 8506 588 1

53 514.539 0

212.518.1

194. 5

2 9682 7164 811

765, 167781 546398 680

1,710 961 6

943 6204 8222 1110 8168.0

764.5152 1520 2

92 3

55 019 735 4

188.015 9

172.0

2 8992 9874? 726

808 959800 758406 763

1 873 988 2

1 005 7'232 7

244 0116 6186.7

770.4157 4514 898 1

40 514.126 3

194.116 9

177.2

2 6402 8864 482

796 131780 973421 687

1 801 283 6

983 4213 3236 6108 5175.9

771.8151 9517 6102 2

55 017.637 4

210.620 5

190.0

r 3, 0482 762

r 4 773

r 750, 843r711 936r458 697

r 1,716 285 3

r 924 1f 200 1r 235 4

100 1171.3

762.9133 1

r 526 1103 9

58 422.635 7

185.618 5

167.0

3 2293 0385 022

746 564764 638442 325

1 889 385 6

1 020 5238 5243 9106 1194.8

77? 5156 1515 7100 6

T Revised. *> Preliminary.9 Revisions for 1954 will be shown later.*New scries. Prior to 1954, included with data for gasoline, kerosene, and distillate fuel oil; for January-July 1954 figures, see note "*" on p. S-35 of the November 1954 SURVEY and earlier

ues.GAsphalt—5.5 bbl. = l short ton; wax—1 bbl. = 280 lb.{Êffective with the October 1955 SURVEY, data as compiled by the Bureau of the Census have been substituted for those from the United States Pulp Producers Association.


uarch 1056 SURVEY OF CUREENT BUSINESS S-37

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

1955

Janu- Febru-ary ary March April May June July August Septem-


Decem-ber

19r6

Janu- Febru-ary ary

PULP, PAPER, AND PRINTING—Continued

PAPER AND PAPER PRODUCTS

A. 11 paper and board mills, production:!Paper and board total thous. of short tons

Paper doPaperboard _ _ _ . _ doWet-machine board do _Construction paper and board do. .

"?aper, excl. building paper, newsprint, and paperboard(American Paper and Pulp Association):

Orders new thous of short tonsOrders, unfilled, end of month doProduction _ _ __ doShipments doStocks, end of month _ __ do_

Fine paper:Orders, new _ do. _-Orders unfilled, end of month doProduction doShipments doStocks, end of month _ _ _ .do

Printing paper:Orders , new doOrders, unfilled, end of month, ._ _ _ _ _ f _ do. _Production - doShipments doStocks, end of month . doPrice, wholesale, book paper, "A" grade, English

finish, white, f. o. b. mill _dol. per 100 lb_Coarse paper:

Orders, new thous. of short tonsOrders, unfilled, end of month . _ _ do_ _Production _ _ _ doShipments _ do _Stocks, end of month _do

Newsprint:Canada (incl. Newfoundland):

Production _ _ . _ _ _ _ _ d oShipments from mills doStocks, at mills, end of month. . . do _

United States:Consumption by publishers doProduction! doShipments from millsj . do _.Stocks, 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, new ._ thous. of short tons .Orders, unfilled, end of month doProduction, total do

Percent of activityPaper products:

Shipping containers, corrugated and solid fiber,shipments _ _ _ _ _ _ mil. s q . f t . surface area-

Folding paper boxes, index of value:New orders _ 1947-49=100.Shipments do

PRINTING

Book publication, total number of editionsNew books_ _. _ _ _ _ _ _ _ _ - - d oNew editions do

r 2, 3481,040' 1, 056

12r240

972.2713.5929.59?0. 1445. 7

117.562.0

121.5124.7111.1

345. 7375. 2313.9309.9150. 4

14. 00

306.8152.3302.3298.9105.7

490.8466.3149.6

383. 5T 117.3r 115. 6

7.9417.8131.1

392.5

125. 75

1, 020. 3450. 7

1, 013. 392

6,808

184.7172.3

971771200

2,249989

1,02412

224

919.5701.8879.7878.5420.6

124.372.5

116.7121.5107. 5

313.5359. 22P5. 4292 1153.8

14.10

304. 2149. 6293.1287.889.0

479.3464.1164. 8

365. 2T 111.5r 112. 2

7 2412.287.7

364.3

125. 75

1, 085. 0523 4

1, 043. 195

6,870

176.7151 8

950756194

2, 5751,1171,167

14277

1 049. 2756.8999.6

1, 007. 3413.5

133. 475. 6

127.7134 1101.5

362. 4382.4343. 9344 1153.6

14.10

354. 2176. 4331. 6332.8

90.4

539. 1512.0191.9

438.9r 127. 3' 126. 9

7.6383.182.6

435.8

125. 75

1,311.7515 7

1,214.196

8,226

193.9178 9

1 102855247

2,4571,0661,113

14265

956. 4750. 9951. 8939.2422.7

124.478.1

120.6120.497.5

318.9372.2317.2312 7158.0

14.10

318.7172.3310. 1311.184.6

518.6540. 5170.0

431.8r 122. 7r 122. 9

7 4369. 278.8

421.2

125. 75

1, 163. 1507 6

1, 142. 295

7,863

188.1168 0

1 175965210

2 5451,0831,170

13278

959. 2770.6958. 0952.2426.7

126.185 9

125. 2124 5103 1

327.7380.0326 3330 1154 3

14.10

316 8180 5313 4309 087 7

521 3525 0166 3

455. 4r 135 2r 132 8

9 R340 486 4

446 7

125. 75

1 248 4621 0

1, 187. 296

7 948

183 8167 1

1 069838231

2,5591,0791,197

14270

985 2805 6953 3960 2433 0

131 892 4

126 6133 9104 9

363. 6415 4324 6327 8151 1

14 10

304 6175 9311 4311 593 5

507 8543 4130 7

422.2r 133 oT 135 i

7 7345 286 4

447 5

125. 75

1 239 0582 2

1, 210. 699

8 171

198 9179 9

993800193

2,265968

1,0269

261

894 2838.6850.7834 8436.9

109.4103 498.698 999.6

317.0433.3285 8280 7156. 2

14.45

296 9181.0284 0282. 287 6

490.4502 4118 7

378.4r 126 °r 1?3 4

10 5358 783.7

392 0

125. 75

1 082 4602 9

1,019.281

7 098

187 3150 3

920692228

2,6051,0781.218

14296

949 4860 8950 5941 6446 9

113.596 2

116 7118 694 7

337.1451 5329 7330 7155 2

14.45

313 9188 9311 0308 2

93 4

539 5534 6123 6

384.7r 13fi 7

r 138 9

8 4404 081 0

454 8

125. 75

1 305 7665 8

1, 264. 399

8 603

206 6188 5

723588135

2 5181,0651,164

13275

997 6898 8946 8949 1446 1

128 4109 4123 5124 1100 5

338.2435 1325 2393 8156 6

14 45

331 6223 9306 9305 5

88 7

503 2501 6125 2

424.8T 12(5 7r 125 9

9 1379 786 2

409 3

125. 75

1 167 4585 7

1, 192. 497

8 594

188 1191 0

951783168

2 6811, 1541,236

13278

r 1 034 4' 892 7

r 1 ,022 .3T 1 004 4

t 459 4

129 5108 8128 9125 4101 5

357.0441 2337 7340 6153 8

14 45

r 339 o*• 210 5r 332 6'328 4

r 89 0

538 8547 2116 9

478.9r 141 8

r 141 4

9 5342 380 7

453 1

125 75

1 299 8591 3

1,260.2102

8 814

189 7194 3

1 4671 256

211

2 5991 1051,222

13260

r 957 2T 876 0r 973. 2T 953 8r 471 1

r 122 4r 106 3r 125 2r 126 3

r 98 6

r 337. 0r434 2r 330 7r 332 7r 151 8

14.45

r 313 or 205 4T 315 9r 310 0

r 93 2

541 7544 4114 2

461. 8r 149 0r 144 i

7 5325' 782 5

458 3

126 75

1 255 1654 6

1,261.4100

8 247

191 6189 2

1 086926160

r 2, 461r 1, 078r 1, 129

12243

987 0892. 0935. 0939. 0442. 0

133.0102 0126 0128 0

73 0

355. 0448.0317 0316 0153 0

14.85

309 0209 0302 0303 0

86 0

520.0554 180 1

419.2131 9131 0

8 3361 097 4

483 2r 127 00

1 203 7577 2

1, 223. 790

7 827

185 2180 7

1 216969247

2, 6561, 1651,230

12250

p 15. 05

523 0502 3101 1

402.3139 5140 5

7 3360 0112 0

P 129 00

1 195 4539 5

1, 184. 8100

7 588

195 7164 9

717570147

397.8

366 1107 2

1 155 3584 2

1, 189. 7100

7 758

851615236

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption -long tons..Stocks, e n d o f month . _ _ _ _ _ _ _ d oImports, including latex and guayule doPrice, wholesale, smoked sheets (New York)

dol. per l b__Chemical (synthetic):

Production _ __ long tonsConsumption doStocks, end of month _ doExports do

Reclaimed rubber:Production _ _ _ __ __ _ _ _ __ __ doConsumption doStocks, end of month _ do__ .

56, 911101, 05049, 941

.325

70 04568 456

147, 7743 422

25, 23725 32229, 656

50, 99797, 18950, 790

.354

67 60967 709

141 6633 148

25, 33224 33330, 125

58, 472102 05861, 250

.313

78 75777 173

143 5874 454

29 57428 67430, 311

52, 963101, 62061, 113

.323

75 60472 123

141 4445 564

26 67826 60930, 068

54, 746106 6fO61, 042

.314

81 61775 421

138 1085 740

27 91127 65229, 528

56, 282100 86152, 762

.348

77 81979 497

130 6948 710

30 42629 15729. 725

46,166105 78243, 626

.400

81 47262 897

139 9027 896

24 03422 56329. 939

48 359109 05659, 840

.455

83 62872 722

137 05010 497

25 1832^ 79027. 956

50 963113 18550,' 459

.493

83 25776 375

136 03511 847

26 37726 34027. 110

54 995110 79545, 720

.433

89 06080 389

134 75311 241

27 94726 59727. 565

52 769103*77450, 509

.453

91 28181 661

133' 66410 890

r 99 H3

27 22928. 473

r 48 377r 109 530

4s 195

.470

90 319r 76 026

T 136 31911 00 3

28 102T 24 515T 31. 058

53 599HI 388

.408

93 52279 414

142 261

26 20426 11931. 994

.372

r Revised, v Preliminary.t Effective with the October 1955 SURVEY, items have been revised as follows: Construction paper (formerly included in the total for paper) is now combined with construction board;

wet-machine board was formerly included with paperboard.{Revisions for January-December 1954, respectively, are as follows (units as above): Production—Q7A; 89.9; 99.9; 91.7; 98.3; 99.3; 99.1; 103.1- 99 3; 113.4; 107 6-112 2- shipments—96 2; 87.9; 102.4;

90.8; 100.3; 98.9; 99.4; 102.2; 100.9; 110.5; 109.0: 114.5.


S-38 SURVEY OF CURRENT BUSINESS March 195(


aryFebru-

ary March April May June July August ber October Decem-ber ber

Janu-ary

Febru-ary

RUBBER AND RUBBER PRODUCTS—Continued

TIRES AND TUBES

Pneumatic casings: cfProduction thousands

Shipments, total _ doOriginal equipment doReplacement equipment doExport . do_ _

Stocks, end of month doExports do

Inner tubes: cfProduction doShipments - do

Stocks, end of month doExports _ _ _ _ do

9, 040

8,9113, 7854,967

159

14, 949134

3, 0894,116

8.25258

8,745

8,2723, 8334 281

157

15. 368155

2.8502,862

8,24481

10, 083

9, 9074,7804 926

201

1 5, 609180

3.2343,327

8.21796

9,153

9,9374,4575,315

165

14. 890155

2,8363. 250

7, 96387

9,949

9, 8654, 3525 361

152

14, 936154

3, 0053,233

7, 73562

10 703

10, 2343, 9316 129

174

15, 460155

3. 1363, 565

7,32678

9 027

9.7293. 8905 711

128

14, 684125

2 7683,450

6. 66467

8 717

9.4623 3625 980

119

13 908111

2 9233. 733

5. 91748

q 125

8 4533 1425 170

140

14 674137

3 1693 261

5 96678

9 555

8, 1173 4954 460'l61

16 163147

3 1193,004

6 28667

9 603

8, 0454 3033 592

150

17 727140

3 0522,875

6 73478

8 478

7 5154 0453 ?9S

172

18 778166

2 7192*686

6 83383

!

i

8 979 '

8 2033 4024 66Q

131

19 517 '

2 017 !3,608 ...

6 294 '

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production... __ _ _ thous. of bbl_.Percent of capacity

Shipments thous of bblStocks, end of month:

Finished doClinker do

CLAY PRODUCTS

Brick, unglazed:Production _ ._ thous. of standard brick-Shipments doPrice, wholesale, common, composite, f. o. b .plant

dol per thous

Clay sewer pipe, vitrified:Production short tons

Structural tile, unglazed:Production doShipments do

GLASS PRODUCTS

Glass containers:Production thous. of gross

Shipments domestic, total doGeneral-use food:

Warrow-neck food doWide-mouth food (incl. packers' tumblers, jelly

glasses and fruit jars) thous of gro^s

Beverage doBeer bottles doLiquor and wine do^Medicinal 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 do

Lath mil ofsq ftWallboard doAllother O ^lo

20. 223' 81 \

13. 520 j

23, 4377.888

468, 522412,028

28. 642

132, 268100, 512

65, 82763, 716

10, 449

9. 593

833

3 016

392596847

2,772923214

13, 301

_ - _

17,611 \78 !

14,031

27, 08710, 812

445. 775405, 001

28. 559

133. 933108, 975

65. 43859, 583

10, 211

9,177

846

2 719

455536976

2,564903178

14,058

22, 34089

22 941

26,51612, 571

562, 507568, 469

28. 559

163,417148 750

72, 47069, 059

11,293

10, 930

1 038

2 836

853854

1,2572 894

Q97201

14 247

6532,333

2 025

650 083

73, 624

395. 234255 906

683 31, 137. 4

44 3

24, 818103

25, 295

26, 10612, 044

569, 355605, 391

28. 654

142, 879147,018

65, 14670, 105

11, 045

10, 422

1 052

2 699

9801,0701,0972.399

930195

14, 521

27, 031108

29, 527

23, 67210, 439

613, 871652, 091

28. 750

156, 551173. 337

67, 60072, 353

11,758

11,635

1 114

3 277

1,3111,1561,0602 555

959203

14 331

26, 762111

31, 606

18, 8558,624

653, 910684, 429

28. 846

179, 359197, 360

77, 35877, 109

12, 219

12, 063

1,176

3,226

1, 5101. 2821.1672,491

998213

14. 327

8772,589

2, 148

753, 092

72, 338

47(5. 667312 123

724.41,157.4

55 8

27. 332107

29, 467

16. 7277.192

623, 164627, 200

28. 952

151, 504170, 587

72,61569, 870

11,858

10, 996

1,217

3,093

1.2301,161

9722,196

915212

14, 805

27, 861109

31 883

12 7315.373

677, 449680. 758

29. 308

173, 326193 115

73 37680 651

13, 109

14, 361

1 852

4 749

9311, 1451.1443. 0271 184

329

13.263

26, 958109

29 887

9 7794 413

675, 876677 850

29 451

182, 797187 947

69,24174-339

11,234

llf 194

1,746

3 013

480739 i

1. 2032,6691 015

329

13.040

1 3272,871

2 402

761 . 999

72,174

511,104357 9^5

771.31,175. 1

56.9

27, 924110

28 950

8 7543 514

656. 868637, 593

29. 736

171,814171,749

72, 16573, 672

12, 173

11.147

1,348

3,271

411597

1,4862,791I, 003

240

13, 719

24 894101

21 985

r 11 g64r 4 236

632 714581 028

29 831

174,343157 170

69 63164,489

10, 557

9,845

931

2,955

471589

1, 3462,477

839237

14, 123

23. 07591

17 203

17 5366 750

566 810480 413

r30 01«

163 161117 863

69 07859 681

10, 166

11,332

1 057

3 410

708730

1,1613, 106

920240

12,700

563,909 ..432 748

P 30, 366

155,334120,988

69, 419 ' _54,220 i

(j

11,099 i ._

9,581 !

853 ! _

2,717

612584964

2,691 i962 ' _ _198

13,995

f Revised. v Preliminary.cf Data for 1954 for production, shipments, and stocks have been revised. Unpublished revisions (for January-May) are available upon request.©Comprises sheathing, formboard, tile, and laminated board.




1955

Janu-ary



Decem-ber

1956

Janu-ary

Febru-ary

TEXTILE PRODUCTS

APPAREL

Hosiery, shipments. _ _ thous. of dozen pairsMen's apparel, cuttings:^

Tailored garments:Suits thous of unitsOvercoats and topcoats _ doTrousers (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 _ _ . . _ _ _ _ _ _ _ _ _ _ d o _ -Suits doWaists blouses and shirts thous of doz

COTTON

Cotton (exclusive of linters):Production:

G inn ings § thous. of running balesCrop estimate, equivalent 500-Ib. bales

thous. of balesConsumption^ balesStocks in the United States, end of month, total!

thous. of bales -Domestic cotton, total do

On farms and in transit doPublic storage arid compresses ... . _ . doConsuming establishments do

Foreign cotton, total.. _ _ . _. do.Exports balesImports _ __ _ _ . -doPrices (farm), American upland cents per lb_ .Prices, wholesale, middling, l5/i&", average 14 mar-

kets cents per IbCotton linters :f

Consumption thous of balesProduction _ .. __ _ . _ .do_Stocks, end of month do

COTTON MANUFACTURES

Cotton cloth:Cotton broad-woven goods over 12 inches in width,

production, Quarterly mil of linear yardsExports thous. of sq. vdImports doPrices, wholesale:

Mill margins cents per IbDenim, white back, 28-inch, 8 oz/vd. 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 lb__36/2, combed, knitting ... . . _ _ do

Spindle activity (cotton system spindles) :fActive spindles, last working day, total thous. -

Consuming 100 percent cotton _ _ do. _Spindle hours operated, all fibers, total mil. of h r _ _

A verage per working day , _ _ . doConsuming 100 percent cotton do

Operations as percent of capacity c?

RAYON AND ACETATE AND MFS.

Filament yarn and staple:Shipments, domestic, producers':

Filament yarn - _ mil. of IbStaple (incl. tow) do

Stocks, producers', end of month:Filament yarn . .__ _ _ _ _ . do.Staple (incl. tow) do

Imports - _ . _ _ _ thous. of l b _ _Prices, wholesale, viscose, f. o. b. shipping point:

Filament, 150 denier dol. per lb__Staple, 1.5 denierO - - -- _ . d o _ _ _

Rayon and acetate broad-woven goods, production,quarterly total ... _ _ . thous. of linear yards.-

SILKSilk, raw:

Imports thous of IbPrice, wholesale, white, Japanese, 20/22 denier, 87%

(AA), f. o. b. warehouse dol. per lb._

WOOL

Consumption, mill (clean basis) \\Apparel class thous of IbCarpet class do

r 12, 604

1 848296

5,712

1,840

352300

2,18720, 453

1, 7731,248

3 13, 413

716,045

' 16, 665r 16,615

'1,328r 13,513

T 1, 773r50

334 04416, 489

32.5

34 0

r 124

1871, 831

44, 1237 683

27 2934.916.516.6

.659

.931

20, 78219, 2829,934

4979. 184138.0

65. 835 4

55. 528.6

11,906

.780

.336

1 400

4.61

r 21 335r 10, 183

12, 969

1 816288

4,944

1,876

388300

2,11020, 273

1, 7561,289

720,591

15, 69515, 5861,075

12, 6681,843

109307, 456

16, 80531.7

34.1

r 116166

r 1,826

47, 4277,035

27.3734.916.516.6

.664

.947

20, 95419, 42910, 046

5119,299140.1

67.933.0

50.425.8

11, 356

.780

.336

812

4.53

22, 72510, 195

14, 162

1 2, 065!335

1 5, 940

i 2, 225

M35M15

2,89628, 0701,8461,446

* 13, 618

4 13, 6961 893,238

14, 46914, 410

73011,8481, 832

58369, 241

28, 37431.9

33.5

* 137i 140

1,793

2, 59464, 55210, 940

27.7834.916.316.6

.665

.947

20, 89219, 365

* 12, 400496

i 11, 4851 138. 5

83.939. 1

44.322 2

17, 734

.830

.336

478, 901

879

4.46

1 27 1211 12, 676

12, 001

1,636372

5, 856

1,908

416360

1, 14629, 459

8801 358

695, 188

13, 55813.492

55611, 1621,774

66239, 330

16, 59431.9

33.4

135102

1,738

47, 8868,481

27.3634. 916.016.5

.664

.945

20, 67419, 1609, 594

4888,854134.6

77.5' 33 1

39.322 1

18, 604

.830

.336

585

4.56

22 72210, 217

10, 713

1,816496

5, 328

1, 744

424360

88728,912

7821 280

704 029

12, 64612, 575

50010, 3991,676

71230, 690

12, 49331.5

33.7

14287

1,666

49, 8219, 492

26. 5934.915.816., 3

.663

.945

19, 82418, 3029, 678

4848,937135.7

" 70. 530 1

40. 121 0

18, 800

.830

.336

658

4. 58

23 49510, 336

12, 585

J 1, 945i 550

1 5, 5201 1.865

M25M10

1,83924. 5481.0401 286

'849,413

11. 52011,449

2739, 7051,471

70280, 923

9, 04931.4

33.81 129

1 571, 559

2, 45541, 4679.305

26.3434.916.016.1

.665

.949

19, 84018, 335

i 11, 789481

1 10, 867i 132. 3

69.930. 6

r 43. 520 5

17.904

.830

.336

469, 853

492

4.60

1 27, 0411 11.260

10, 260

1 00429°

3,696

1,356

304324

2 17017, 1361 137

970

313

565 834

11,12111, 055

2209,4741,361

65co O ^ f j

9* 87532. 1

33.7

12751

1,475

37 1929 435

26 6534.916.316.1

.668

.955

20, 70819, 1478,234

4337,546115.7

65.427 5

46. 325.6

17,473

.830

.336

505

4.76

i20 6826, 637

13, 674

1,856564

5,088

1,708

452360

2,69722, 950

1,4241 236

1 388

717, 227

22, 76422, 70311,8019 7291,173

6160, 4387,37932.7

33.6

14167

1,373

37, 0979 922

27.2135.416.316.9

.676

.968

20, 73519, 13610, 088

5049,293141.4

72. 733.2

44.924.5

17,029

.830

.336

997

4.85

23,142 i10, 509

14, 024

i 1, 900*605

1 5, 640

i 1, 910

M551 400

2 44221, 188

9301 055

4 815

i 874,837

22, 82422, 7779,818

11,7821, 177

47116, 109

23, 73033.8

33.0

i 147i 1541 353

2 40542,05112 755

28.9136.416.417.3

.693

.978

20, 79919, 243

i 12,287455

1 11,363i 138. 0

70.329. 8

' 47.625.8

13, 057

.830

.336

' 454, 082

1 211

4.75

1 25 8961 13, 242

14, 236

1 684400

4,944

1,856

424384

2,56419, 997

9941 084

9 553

737, 056

22, 82722, 7676,921

14, 5151 331

59191, 536

10, 51632.8

32 9

157216

1 397

49, 88515, 750

29.7836.416.617.5

.696

.984

20,88319, 30210, 290

5159,512144.9

' 70.830.5

48.628.9

11,924

.830

.336

1,058

4.58

22,99011,890

14, 463

1,716340

5,424

1,864

372376

2 68420, 607

1 4491 092

13 052

741,447

21,74521,6883,584

16, 5811 523

56137 44919, 234

32.4

33 6

155235

1 418

42, 46916 478

30 2436.417.517.8

.701

.984

20,90219, 35210, 150

5089 393143.0

69.9r 35 9r49. 5

T 29. 19,871

. 830

.326

1,259

4.43

22, 64311,566

12, 198

1 1 9451 335

* 5, 160

* 1, 890

r l 3351 390

1 98518 5891 640

789

2 13 704

1 855, 447

20, 76820, 708

1 47617, 5611 671

60158 74118 295

31.2

33 7

i 1421 206

1 431

2, 63638, 43015 879

31.0836.418.018.1

.708

.988

20, 98819, 440

1 11,848474

1 10, 992i 133. 3

70.8' 31 2

52.234 2

9, 432

.830

.326

478, 920

1 098

4.42

r l26 005r 113, 866

12 713

1 876272

5 280

1 924

328408

? 38422 2301 9161 063

3 14, 380

746 996

19,90519,904

96317, 2031 678

61

30.7

34 1

156207

1 434

31.26P36.4p 18.0P18.3

p. 708p. 988

20, 99019 39910,315

5169 577146.6

78 035 9

r 49 034 2

p .830p .326

P4.41

24 38312, 851

.

5 14 53Q

5 14 71376(), 590

16 4981 725

61

31.0

35 9

153

27 37

70 533 7

46 136 0

r Revised. T> Preliminary. * Data cover a 5-week period. 2 Ginnings to December 13. 3 Ginnings to January 16. * Total ginnings of 1954 crop.5 Total ginnings of 1955 crop; preliminary estimate.5Data for March, June, September, and December 1955 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period covered.§Total ginnings to end of month indicated.c"The operation rate is calculated on a 5-day, 80-hour week without any adjustment for holidays. 0Quotations beginning August 1955 not strictly comparable with earlier data.




1955

Janu-ary



Decem-ber

19-T6

Janu-ary

Febru-ary

TEXTILE PRODUCTS—Continued

WOOL AND MANUFACTURES— Continued

Wool imports, clean content _ _ _ thous. of IbApparel class (dutiable), clean content do. _

Wool prices, wholesale, raw, Boston:Territory, 64s, 70s, 80s, clean basis dol. per lb._B right fleece, 56s-58s, clean basis _ . . do _Australian, 64s, 70s, good topmaking, clean basis, in

bond dol. per IbKnitting yarn, worsted, 2/20s-50s/56s, Bradford system,

wholesale price dol. per IbWoolen and worsted woven goods, except woven

felts:Production quarterly total thous oflin. yd

Apparel fabrics, tctal doGovernment orders doOther than Government orders, total do

J^Ten's and boys' doWomen's and children's do

Nonapparel fabrics total doBlanketing doOther nonapparel fabrics do

Prices, wholesale, suiting, f. o. b. mill:Flannel men's and boys' 1947-49=100Garbardine women's and children's do

19, 66612, CC6

1.5501. 146

1.525

1.928

112.1103.6

17 9569,313

1.5561. 191

1.475

1.916

112.197.3

26 93813, 071

1.5351. 138

1.475

1.916

73 76469, 5641 105

68, 45936 37732, 082

4,2002 8151,385

112.197.3

23 70311,565

1.4951.095

1.475

1.879

112.197.3

23 57811,688

1.4751.072

1.475

1.867

112.997.3

22 99910, 331

1.4351.066

1.475

1.867

84 26680, 2962 769

77, 52737 85639, 671

3,9702,9691,001

112.997.3

22 8769,517

1.4251.086

1.475

1.867

112.997.3

24,0129,855

1. 3851.069

1.395

1. 844

112.997.3

19, 4067,729

1.3251.020

1.275

1.844

r 75 893r 72, SI 7

1 434r 71 3V 3r32 256T 39, 127

3, 0760 111

965

112.997.3

21,1178,341

1.300999

1 262

1.819

112.997.3

17, 9439.588

1. 275.992

1.225

1.819

112.997.3

17 6028, 754

1 . 2981.029

1. 225

1.819

76 64772, 833

1 14771 , 6 633 5993S 0 7

3,8142 6~91, 125

112.997.3

1.3161 064

1 300

p 1 844

112 997.3

1.3211 078

v 1 325

TRANSPORTATION EQUIPMENT

AIRCRAFT

Civil aircraft (complete) shipments numberAir frame welsh t thous. of Ib

Exportscf -- .number. _

MOTOR VEHICLES

Factory sales, total .numberCoaches total do

Domestic - -- -do..Passenger cars, total do

Domestic - __ __ _ doTrucks total do

Domestic - - - do

Exports, total _ _ _ _ ._ _. _ _ - doPassenger cars doTrucks and buses _ do

Truck trailers, production, total _ . _ , doComplete trailers do

Vans doTrailer chassis _ _ do-

Registrations:New passenger cars doNew commercial cars _ _ do

RAILWAY EQUIPMENT

American Railway Car Institute:Freight cars:

Shipments, total __ _ _ - numberEquipment manufacturers, total _ _ _ _ _ do

Domestic _ . doRailroad shops, domestic do

Passenger cars, equipment manufacturers:Orders unfilled, end of month, total _ do

Domestic doShipments, total _ _ - _ _ do

Domestic -do

Association of American Railroads:Freight cars (class I), end of month :§

Number owned O thousandsUndergoing or awaiting classified repairs

thousands ._Percent of total owned

Orders, unfilled© _ _ _ numberEquipment manufacturers doRailroad shops do

Locomotives (class I), end of month:©Steam, undergoing or awaiting classified repairs

number. .Percent of total on line

Diesel-electric and electric: Orders, unfillednumber of power units--

Exports of locomotives, total- . __ . number.

INDUSTRIAL TRUCKS AND TRACTORS

Trucks, electric, shipments:Hand (motorized)* .. nurnber..Rider-type do

Trucks and tractors, gasoline-powered, shipments*number. -

350859. 2

83

725, 379190185

635, 513611,04089, 67673, 947

38, 64221, 67016, 972

4,7504,6022,849

148

440, 02462, 231

2,0141,6051,605

409

7616934018

1,733

1217.0

16, 9707,2489,722

1,29015.6

472

28

387342

1,449

357962.9

115

744, 942176148

677, 705648, 61667, 06155, 253

36, 27123, 25613,015

5,2265,0293,091

197

476, 58456, 242

2,6032, 0631,913

540

7256723621

1,730

1247.1

17, 0966,981

10, 115

1,29816.1

455

42

444359

1,652

4781, 032. 1

162

894, 597325267

791, 280765, 663102, 99286, 060

37, 13624, 13613, 000

6,4026, 1403,739

262

636, 53464, 732

3,1332,3082, ('68

765

953918

4527

1,727

1176.8

18, 0016,240

11, 761

1,21515.7

428

45

507425

1,808

438762. 5

111

881, 840519501

753, 434727, 907127, 887110, 176

40, 60723, 00017, 607

6,3606,0683,704

292

651, 85579, 071

3,0751,9891,6641,086

9208963625

1,723

1146.6

18, 1936,235

11,958

1,24716.5

360

49

476406

1,647

4861, 139 2

185

849, 393313266

721, 139697, 471127, 941108, 362

35, 29319, 34315, 950

6,3366,0343,843

302

661, 30482, 086

4,3202,6752,4381,645

1,0241,007

4941

1,720

1106.4

17, 0305,590

11, 440

1,18616.2

385

38

678833

3,926

5381, 211. 9

175

767, 182309237

647, 658629, 185119, 215101, 625

33, 45817, 38116, 077

7,3687,0824,491

286

681, 37290, 005

3,0571,7321,6901,325

1,0019825548

1,717

1036.0

27, 84815, 45912, 389

1,20416.7

470

22

578533

2,188

5381, 211. 9

175

767, 182309237

647, 658629, 185119, 215101, 625

33, 45817, 38116, 077

7 3687,0824,491286

681 37290, 005

3,0571,7321,6901,325

1,0019825548

1,717

1036.0

27, 84815, 45912, 389

1,20416.7

470

22

578533

2, 188

354932.5201

768, 621296256

658, 736643, 402109, 58993, 739

30, 90315, 18115, 722

5 9895,7993,593190

647 24584, 413

2,9681,9541,2841,014

9939773933

1,709

965.6

44, 62223, 61321, 009

1,22817.4

467

59

521455

1,961

241757.0132

716, 163434410

620, 610602, 95995, 11980, 077

30, 38215, 20715, 175

7 2547,0504,483205

658 96492, 079

5,0293, 1871, 9351,842

9529374542

1,704

945.5

50, 08727, 20122, 886

1,10516.5

704

45

506346

2,163

341696.4132

559, 962223198

467, 845459, 07391, 89476, 851

23, 1669,76913, 397

7 1616 9434,299218

654 53289, 924

3,9652,3921,7081,573

594583355350

1,702

865.1

50, 64228, 79921, 843

1,04816.1

816

23

670441

2,463

345658.1188

601, 256469385

505, 177491, 89395, 61081, 390

22, 7298, 75913, 970

6, 9486,7404,241208

576, 04587, 262

4,2332,8562,4551,377

433424206204

1,702

804.7

57, 41031, 29426, 116

1,01616.1

876

40

650449

2,569

337447 8116

860, 800359340

745, 993720, 667114,44888, 345

30, 39617 87812,518

7 1516 9414,727210

509 15575 756

3,8452,7492, 3311,096

3993903838

1,700

754.4

103. 68546, 94756, 738

1,01316.4

906

62

636441

2,684

T 485646.8110

r 799,092410406

r 695.096r 667,974r 103, 5' 0r 86, 921

37,87622 4V115,395

6 9096, 6634,438246

630 4q£93, 733

3,8142, 7142,6961,100

8608513939

1,694

714.2

135, 29362, 99672, 297

99716.8

854

29

638520

2,333

p 537p 985. 6

690, 253?53242

591,032569, 8469%96S83, 752

6 2336 0853,824148

431,64866, 141

4,1992, 9S12, 9S11,218

9038S44242

1,696

764.5

131,33160, 1 1271,219

1,07418.6

835

570409

1,777

1 554, 7001 101, 600

4,8833,1543,1521,729

4644435353

r Revised. » Preliminary. 1 Preliminary estimate of production based on Ward's Automotive Reports. Production for preceding month: 611,200 passenger cars; 105,900 trucks.(Êxports revised beginning January 1954 to include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total.§ Excludes railroad-owned private "refrigerator cars. O Data begi miag December 1955 reflect reclassification of reporting roads to revised I. C. C. list of Class I line-haul railroads;

comparability with earlier data, based on ownership, is affected by less than 1 percent. *New series. Data prior to January 1955 are not available.

U . S . G O V E R N M E N T P R I N T I N G O F F I C E : 1 9 5 6Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40-Pages marked S

Acids _ 24Advertising 8, 9Agricultural employment 11Agricultural loans and foreign trade 16, 17, 21, 22Aircraft and parts 2, 12, 13, 14, 15,40Airline operations 23Alcohol, denatured and ethyl 24Alcoholic beverages 2, 6, 8, 27Aluminum 33Animal fats, greases, and oils 25Anthracite 11, 13, 14, 15,34Apparel 2, 3, 6, 8, 9, 10, 12, 13, 14,15, 39Asphalt and asphalt products 36Automobiles 2, 3, 8, 9, 12, 13, 14, 15,16, 17, 22, 40

Bakery products 2, 12, 13, 14, 15Balance of payments , _ - 21Banking 14, 16Barley 28Barrels and drums 32Battery shipments 34Beef and veal 29Beverages 2,6,8, 12, 13, 14, 15, 27Bituminous coal 11, 13, 14, 15, 35Blast furnaces, steel works, etc 12, 14, 15Blowers and fans 34Bonds, issues, prices, sales, yields 17,19, 20Book publication 37Brass and bronze 33Brick _ _ _ . 38Brokers' loans and balances 16,19Building and construction materials 8, 9, 10Building costs 7, 8Business incorporations, new _ . 5Business sales and inventories 3Butter 27

Cans (metal), closures, crowns 32Carloadings 23Cattle and calves 29Cement and concrete products 6, 38Cereals and bakery products 6,12,13, 14, 15Chain-store sales (11 stores and over only) 10Cheese . . 27Chemicals 2,3,4,6,12,13,14,15,19,22,24Cigarettes and cigars 6, 30Civilian employees, Federal 12Clay products (see also Stone, clay, etc.) 6, 38Coal. 3, 6,11,13,14,15, 22, 23, 34, 35Cocoa. 22, 29CofFee___ 22,30Coke . 23,35Commercial and industrial failures 5Communications „ 11, 13, 14, 15, 19, 20, 24Confectionery, sales 29Construction:

Contracts awarded 7Costs 7, 8Dwelling units 7Employment, earnings, hours, wage rates.- 11,

13,14,15Highways and roads 7, 8,15New construction, dollar value 1,7

Consumer credit 16,17Consumer durables output, index _ , 3Consumer expenditures 1, 9Consumer price index 6Copper . 22, 33Copra and coconut oil 25Corn _. 28Cost-of-living index (see Consumer price

index) 6Cotton, raw and manufactures 2, 5, 6, 22, 39Cottonseed, cake and meal, oil___. 25Credit, short- and intermediate-term 16, 17Crops 2,5,26,28,30,39Crude oil and natural gas 3Currency in circulation 18

Dairy 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, 18, 19, 20Drug-store sales 9, 10Dwelling units, new. _ _ _ _ _ _ , 7

Earnings, 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

Failures, industrial and commercial 5Farm income, marketings, and prices, 1, 2, 5, 6Farm wages 15Fats and oils, greases 6, 25, 26Federal Government finance 17Federal Reserve banks, condition of 16Federal Reserve reporting member banks. _ _ _ 16Fertilizers 6, 25Fiber products 34Fire losses 8Fish oils and fish 25, 30Flaxseed ... _ _ 26Flooring 31Flour, wheat 29Food products 2,3, 4, 5, 6,

8, 9,10,12,13,14,15,18, 22, 27, 28, 29, 30

Pages marked SForeclosures, real estate 8Foreign trade indexes, shipping weight, value

by regions, countries, economic classes, andcommodity groups.. ,. 21,22

Foundry equipment _ , , _ 34Freight carloadings ... „ _ „ _ _ „ _ _ 23Freight cars (equipment) 40Freight-car surplus and shortage 23Fruits and vegetables 5, 6, 22, 28Fuel oil .... _. 35Fuels 6,34,35Furnaces _ . 34Furniture 2,3,6,9, 10, 12, 14, 15,17Furs _ _ _ „ „ _ 22

Gas, prices, customers, sales, revenues . 6, 27Gasoline ... 9, 36Glass products , 38Generators and motors- , _ _ _ . 34Glycerin _ 24Gold _ _ _ _ 18Grains and products. 5,6, 22, 23, 28, 29Grocery stores 9,10Gross national product. 1Gross private domestic investment 1Gypsum and products , _ 6, 38

Hardware stores 6,9Heating apparatus. ~ 34Hides and skins , _ _ _ _ _ . 6, 22,30Highways and roads . _ _ _ _ 7, 8,15Hogs . , ... - 29Home Loan banks, loans outstanding , _ 8Home mortgages _ . _ _ 8Hosiery ... 39Hote l s_____- - - - - - — _ 11,13,14,15, 24Hours of work per week .__ 12,13Housefurnishings - 6, 8, 9,10Household appliances and radios 3, 6, 9, 34

Imports (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 34nsurance, life — 18nterest and money rates . _ 16nternational transactions of the U. S 21,22nventories, manufacturers' and trade 3, 4,10ron and steel, crude and manufactures . 2,

6,8,12,14,15,19,22,32,33

Kerosene , .

Labor disputes, turnoverLabor forceLamb and muttonLard - _.Lead .Leather and products _ _

3,6,12,13,14,15,Linseed oilLivestock 2, 5, 6,Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 8,16,LocomotivesLubricants . . _ _ .Lumber and products

3,4,6,8,9,10,12,14,15, 18,

Machine activity, cotton _ . _Machine toolsMachinery 2, 3, 4, 5, 6, 12,14, 15, 19,Magazine advertising ... ,.Mail-order houses, salesManufacturers' sales, inventories, orders.__._Manufacturing production indexesManufacturing production workers, employ-

ment, payrolls, hours, wages 11,12,13,MargarineMeats and meat packing 2, 5, 6, 12, 13, 14,Medical and personal careMetals 2, 3, 4, 5, 6,11,12, 13, 14, 15, 19,MethanolMilkMinerals and mining.- 2, 3, 11, 13, 14, 15,Monetary statistics .Money supply .. .Mortgage loans , 8,Motor carriersMotor fuelMotor vehicles 6, 9,Motors, electrical

35

13112929332,

30,3126

23, 29

17, 1940362,

31, 32

3934

22,348

113, 4, 5

2,3

14, 1526

15, 296

32, 332427

19, 201818

16, 182336

19,4034

National income and product ________ _______ 1National parks, visitors ____ _______________ _ 24National security _____________ _ ---- _ ------ 1, 17Newspaper advertising _____ _ : ________ . ________ 8, 9Newsprint ____________________ _ _________ -- 22,37New York Stock Exchange, selected data ____ 19, 20Nonferrous metals _________ 2, 6, 12, 14, 15, 19, 22, 33Noninstallment credit ____ ___ ______________ 17Oats ______________ _ _ _ _ _ _ _________ _ _______ 28Oil burners __________ ...... - _________ ----- 34Oils and fats, greases___ ..... __________ _ _ 6, 25, 26Orders, new and unfilled, manufacturers' _____ 5Ordnance _________ ......... _ - - _ ____ 11, 12, 14, 15Paint and paint materials __________________ 6, 26Panama Canal traffic ______________ . ------- 23Paper and products and pulp ________________ 2

3,4,6,12,13,14,15,18,36,37Passports issued __________ _______________ _ 24Payrolls, indexes ____________________ ------ 12Personal consumption expenditures ------ , ____ 1,9Personal income __________________________ 1Personal saving and disposable income ______ 1

PagesmmrkedSPetroleum and products..^.*...,.....wi.^L*^ 2,^ . 3, 6, 12, 13, 14, IS, If, 22, 35, 36Pig iron _ ..*..f.^..._^.»U-;.., 32Plant and equipment «_qpandttttufc.u'*..*-*,...* •*J> t J.9Plastics and jretin materials—_...-„..*,,.»._„.., '2£Plywood..,. ...,..i $2Population..., . ^..-.. ..._.,; 11Pork ,„_, i 29Postal savings . ...... ...... 16Poultry and eggs __.! «... r2, 5, 29Prices (see also individual commodities):

Consumer price index.... ..*..; .... 6Received and paid by farmers. . . ...r .. .*. 5Retail price indexes J.... 6Wholesale price indexes.. ...̂ ...... 6

Printing and publishing 2,3,12,13,14,15,37Profits, corporation .....̂ 1,18,19Public utilities _........:_.. 2,«,

7,11,13,14,15,18,19,20, 26,27Pullman Company.. ,..*'.,...' 24Pulp and pulpwood >....— 36Pumps _ ,...« 34Purchasing power of the dollar ..... 6

Radiators and convectors _„.,: 34Radio and television ., 3,6,8, 34Railroads 2,11.12,13,14, IS, 19, 20,23,40Railways (local) and bus Ones . II, 13,14,15, 23Rayon and rayon manufactures—,.......,-,., 39Real estate 8/16,18,19Receipts, United States Ctovernme.it.,-.-,.... 17Recreation __. ._< .......*. 6Refrigeration appliances, output.......*.... 34Rents (housing), index , ...,.*. 6Retail trade, all retail stores, chain stores (11

stores and over only), general merchandise,department stores..... 3,5,9,10,11, 1$, 14,1$, 17

Rice w—,.,*. 28Roofing and siding, asphalt . ~-..- 36Rubber (natural, synthetic, and reclaimed),

tires and tubes.... ....v6,2$,37,38Rubber products industry, production index,

sales, inventories, prices, employment, pay-rolls, hours, earnings 2, 3,4,6,12,13,14,15

Rye 28

Saving, personal..............—..........— 1Savings deposits ...... 16Securities issued ;., . -. w 19Services 1,9, llf 13,14, ISSewer pipe, day ...... ...........J 38Sheep and lambs ....... . 29Ship and boat building 12,13,14,15Shoes and other footwear... 6,9,10,12. U, 14,15,31Shortening *. ...... 26Silk, prices, imports ....... ... 0,39Silver . . ..—,_ 18Soybeans and soybean oil... -_-._. 26Spindle activity, cotton 39Steel ingots and steel manufactures (see also

Iron and steel) -,'£„-_._.. 2,32,33Steel scrap . ....;_,.....*. 321Stocks, department stores (see also Inven-

tories) u, -;•--, - 11Stocks, dividends, prices, sales, yields, listings. 20Stone and earth minerals. __ .........,.._, 3Stone, clay, and glass products _ _ _ _ _ _ _ _ _ _ 2,

Stoves.

Sulfuric acidSuperphosphate.,

a5,19,38

22,302524

• 25

Tea L .. -. 30Telephone, telegraph, cable, and radio-tde-

graph carriers ....—,. 11* 1$» 14,15, 20, 24Television and radio ............ 3,6,8,34Textiles -.U 2,3,

4,6,12,13,14,1$»1«. 22* 39,40Tile ..„ *.......,.*- , 38Tin.. . :....* 22,33Tires and inner tubes 6,9,10,12,13,14,15,38Tobacco 2,3,4, 5, 6,8,12,13,14; IS, 22,30Tools, machine, . ... ..... 34Tractors ' ..'—,...._.„ • -'34Trade, retail and wholesale ._,._...*.. , 3,

5,9,10,11,13, l%15,17Transit lines, Jocal . ..*.*..,. 4, _,.,.v. 23Transportation and transportation equipment _ 2,

3,4,5, 6,9,11,12,13,14,15,19,23,40Travel ....Û... 24Truck trailers . ..... ,.'«,_,,_._, 40Trucks _ ..'... 2,40

Unemployment and compensation...-^..-.._ 11,13United States Government bonds__._, 16,18,19, 20United States Government finance _. ._--._- < 17Utilities ..I......".*/. - f- 3,

6,7,11,13, Myif, It; 20,26V 27

Vacuum cleaners—_,„—,.. L..—,...»^-» 34Variety stores .- .-..*.,**,....../ 9,10Vegetable oils .,V*'25, 26*Vegetables and fruits „*„. 5;&22,28Vessels cleared in foreign trade... -_.,... 23Veterans' benefits -..........̂ ..̂ .-1. 13,, 17

Wages and salaries .....«....lto: 1,14,15

Washers - .-„-,*. 34Water heaters .........;..'**.. 34Wax_ ......I.. • 36Wheat and wheat flour.........^.^..->.;..-, 28,29Wholesale price indexes ...̂ ........̂ .. 6Wholesale trade.. 3, S* J|, 13,14,15Wood pulp .......*^ .̂...*, 36Wool and wool manufactures. . 2,5, 6,22,39,40

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