J.ANUAR Y 1958

U. S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

SIJRVEY OF ~URRENT BUSINESS

Vol. 38 No. 1

JANUARY 1958

Conlenb PAGE

THE BUSINESS SITUATION................... l

Nati•;nial Income and Corporate Profits in 1957. 3

Growth in Ope1·ating Business Concerns in First Half of 1957. . • • • • • • • . . . . . . . . . . . . . . . . . 6

* * * SPECIAL ARTICLE

Foreign Trade and Dmnestic Business .•••.•.•

Exports Mirror Business Trends Abroad •.

Exports Aid Output in Key Industries ••..

IJnports at Record With Moderate 1957 Gain .......... il ....................... .

* * *

7

8

12

14

MONTHLY BUSINESS STATISTICS •••... S-1 to S-40

Statistical Index .•••...•........ Inside hack cove1•

Published monthly by the U. S. Department of Commerce, SINCLAIR WEEKS,

Secretary. Office of Business Economics, M. JosEPH MEEHAN,

Director. Subscription price, including weekly statistical supplement, is $4.00 a year; foreign mailings, $5.75. Single copy, 30 cents. Send remit· tances to any Department of Commerce Field Office or to the Superintendent of Documents, United States Government Printing Office, Washington 25, D. C. Special subscription arrangements, including changes of address, should be made directly with the Superintendent of Documents. Mal.·e checks payable to Superintendent of Documents.

DEPARTMENT OF COMMERCE

FIELD SERVICE

Albuquerque, N. Mex. Memphis 3, Tenn.

321 Post Office Bldg.

Atlanta 23, Ga.

66 Luckie St. NW.

Boston 9, Mass.

U.S. Post Office and Courthouse Bldg.

Buffalo 3, N.Y.

ll7 Ellicott St.

Charleston 4, S. C.

Area 2, Sergeant Jasper Bldg,

Cl,eyenne, Wyo.

207 Majestic Bldg.

Chicago 6, Ill.

226 W. Jackson Blvd.

Cincinnat i2, Ohio

442 U.S. Post Office and Courthouse

Cleveland I4, Ohio

UOO Chester Ave.

Dallas I, Tex.

3-I04 Merchandise Mart

500 South Ervay St.

Denver 2, Colo.

142 New Customhouse

Detroit 26, Mich.

438 Federal Bldg,

Greensboro, N. C.

407U.S.Post0fficeBldg,

Houston 2, Tex.

Franklin and Main St.

Jacksonville I, Fla.

3ll W. Monroe St.

22 North Front St.

Miami 32, Fla.

300 NE. First Ave.

Minneapolis 1, Minn.

2d Ave. South and 3d St.

New Orleans I2, La.

333 St. Charles Ave.

New York I, N.Y.

350 Fifth Ave.

Philadelphia 7, Pa.

IOI5 Chestnut St.

Phoenix, Ariz.

I37 N. Second Ave.

Pittsburgh 22, Pa.

I07 Sixth St.

Portland 4, Oreg.

520 SW. Morrison St.

Reno, Nev.

1479 Wells Ave.

Richmond I9, Va.

lith and Main St.

St. Louis I, Mo.

11I4 Market St.

Salt Lake City 1, Utah

222 SW. Temple St.

San Francisco 11. Calif.

555 Battery St.

Kansas City 6, Mo. Savannah, Ga.

911 Walnut St 125-29 Bull St.

Los Angeles 15, Calif. Seattle 4, Wash.

103I S. Broadway 909 First Ave.

For local telephone listing, consult section

devoted to U. S. Government

January 1958

Situation

THE DECLINE in business activity which began early last fall continued through December. At year-end, the economy was operating at a high rate as evidenced by the flow of personal income, but the easing tendencies rather generally apparent were more than offsetting the continued advances being staged by some segments.

Holiday buying at retail stores was reasonably good, cspN~ially for general merchandise and apparel. Dollar sales of retail stores in the last 3 months of 1957 were off 2 percent from the third quarter on a seasonally adjusted basis, but the :3-percent dollar rise over the fourth quarter of 1956 indieated a volume about on a par with that of a year earlier. The recent slide-off in consumer buying occurred in both durable and nondurnhlP goods, with outlays for servie('S increased.

By the Office of Business Economics

Personal income in Decrmber, at a seasonally adjust Pd annual rate of $~343 billion, was $4 billion below the August­September high but $8 billion, or 2% percent, above a year ago. The December flow of individual incomes was $2 1 ~ billion less than the previous month's rate. Althoui!h payrolls and other earnings ae('Olllltrd for part of the dcdinP. the bulk of it was in dividends and rdh'ctNl a lcss-than-usunl volume of year-end extra and sJwcial payments. Sw·h payments have tended to vnr~' <·onsidf'l·ably from year to year, and thus cause sizable fluctuations in the Decemh(·!' figures.

The 1957 calendar-year total of personal income was t hl· same as the Decemb('r ratt', $:34;3 billion. This was a ll('W

nnnual rcconl-$16 billion, or 5 percent, above 1956. 'Vit.h (~onsmner prices up :3}~ perc<·nt, renl incomes in 1957 Wl·n·

also hig·her thnn in the pn'ceding yenr.

BUSINE.SS .JRENDS • . MJIJion BJHfojl

, ' 1 ~er$OFIS Oo!tai~-I nde>: 1 SH hen

1947··4110 tOO Doltors

PERSONAL INCOME* (left sco 1~:)

EMPLOYEES IN NONA-GRICULTURAL ESTABLISHMENTS

(rrght scole)

"

4f.l1!l1G 0 --G8---1

56

5~--~--------------------.

NEW CONSTRUCTION" (I eft srdle)

~~0

!80

I!

INDUSTRIAL PRODUCTION ·

t- ,~ ~ .. 0 I

-vy \'•o 130

U S T E 0

IndeX, !94 7 -4<!. ~00

RETAIL STORES SALES" ( 1 e It ~c. c e;

- 130

CONSUMER PRICE INDEX, UNADJUSTED

1956

120

110 •

1957

Dota: BLS,-SOSA, FRS, Bur. of C~tnSU$, a OSE

58.- 1-'j

1

2 SURVEY OF CTRHE~T HC:-IIXESS

Changed pattern of Government purchasinfj"

Two ma,ior elements of continuing support to general business activity are construction activity and State and local government purchases. Federal outlays driftt>d lo\HT in each of the third and fourth quartc>rs of the year, but these were offset b.\~ rising State and local expenditurt>s. In last October's SuRVEY, it \vas pointed out that the Fedt>ral budget, based upon the most recent review at that time. implied some moderate cutbacks in Federal spending during­the first half of 1958.

The January budget picture as detailed. in the Prcsi<lc'nt's message modifies this prospect. Proposals for the remainder of this fiscal year and for the 12 months ended in June 1959 as projected in the budget imply a sustained rate of F(•deral spending for goods and seniccs in the first part of this year and some expansion in the fiscal year 1959. Combined with the increases in State and local expenditures, total Govern­ment outlays presently would appear to be a force supporting business markets in the ncar term.

Construction and equipment

Private construction activity remained firm throughout the greater part of 1957 and a modest expansion occurred in the final quarter of the year. Both residential and non­residential construction outlays at year-end were as high or higher than at the start of the year.

Several influences were brought into play in the closing months of the year which may serve to stimulate the housing market. The change in Federal Reserve policy from credit restraint to active ease, coupled with somewhat lowered business demands for bank credit, has resulted in lowerc>d costs of borrowed funds. To the extent that housing may have been restricted by the limited availability of funds, this easing of credit would tend to serve as a bolstering influence. At the same time the Federal Housing Admin­istration has taken some additional steps to lo"·er initial cash n'quirements on mortgages insmwl by that agency.

Actual outlays by business for capital expansion held at a high rate through the end of last year, but are scheclul<><l to decline in early 1958-a prospect which has been a factor in the recent reduction in demand experienced by the durablc­goods industries. As reported in last month's SuRVEY, fixed investment programs are being reduced after an extended advance which carried investment to a record high in 1957. ,

Inventory liquidation

The recent tendency toward inventory curtailment by manufacturers, representing a shift from the moderate accumulation in preceding months, has involved a consider­able rearrangement in production requirements. The impact of changing inventory demands has been of varying intensity on an industry-by-industry basis; this accounts for the fact that in some industries, such as steel, production cutbacks have been very substantial, while in other eases, such as consumer soft goods, production has been fairly well main­tained.

The peak in value of manufacturers' stocks \Yas reached last August, and these have been trimmed down since. In­ventories in trade channels remained almost unchanged throughout most of the year. Retailers' stocks dipped slightly during the spring, then picked up moderately through Sep­tember and have since leveled off. Wholesalers' inventories, after a slight reduction in the opening months of 1957, were held even thereafter.

Employment and production off

The sensonally ad,justed number of employees in nonfan est n blislmwnts amounted to 52 million as the vem· ('nde< down nbout 900,000 from last summer's high ancfabout 650 000 from a ~~ear ago. Unlike the early developments in 19.5~ \Yhen reduced employment in manufacturing was more tha ofl'sct in other imlustril•s, cutbacks over tll:e fall aml carl winter months have bC>en fairly general among both mam facturing and nonmanuf1~cturing industries.

Also in contrast to the earlier months of 1957, when ii cr0ases over a year ago were sizable and broad-rangc>d, on} scattered industrial groups rrportc(l December employmm

I I.

Wages an.d Salaries ··by ·Maior·ln.dustri~s ·

lnde><, 1$56 Mon'thly.Avg:•IOO . 110-

Total

105 ._

Durable Manufacturing

105- .......... .

Nondurable Manufacturing

105-

Non manufacturing

105-

Government

105-

Euludin!l / Autos

January 1958 SURVEY OF CURRENT BUSINESS 3

higher than a year earlier-principally finance, wholesale trade, and services. While the reduction in employment during last year was concentrated in manufacturing-off 800,000 from December 1956 to December 1957-several other major groups, notably railroads, also decreased the number of employees. In utilities and retail trade, employ­ment in December was at or close to the year-before levels.

The decline in manufacturing activity over the past year has been fairly widespread. While the intensity of reduced demands for labor has been most pronounced in durable-goods lines, it is noteworthy that virtually all of the major industry groupings within manufacturing employed fewer workers in j>ecember than a year earlier.

Of the major industry groups, the steel industry experi­enced an especially sharp cutback in demand. Steel produc­tion at year-end was around 60 percent of the January 1, 1957, capacity, compared with a 98 percent rate at the start of the year. By way of contrast, auto production, which had fallen off sharply in 1956, picked up moderately this past year. The total number of passenger cars assembled in 1957 amounted to 6.1 million, compared with 5.8 million in the preceding year. Sales of new model cars in December fared only moderately well, however, and, with dealers holding a

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

Summary view

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

At the same time, private construction activity turned moderately upward this past summer after a period of sta­bility, and value put in place is currently higher than a year ago. Government expenditures were also sustained through­out 1957. While Federal outlays had tended downward slightly in the summer and fall, State and local spending continued its uptrend. The outlook for Federal outlays changed with the reexamination of security requirements in the light of new missile developments and somewhat higher outlays are now programed for the fiscal year ahead.

National Income and Corporate Profits in 1957

NATIONAL INCOME rose to a new high annual rate of $362 billion in the third quarter of 1957, extending its advance for the 15th successive quarter. With the shift in trend of business in the final quarter of the year, national income turned downward by an amount which is not yet possible ·to calculate in the absence of requisite data on corporate profits. Aside from the probable reduction of such profits, it is evident from the comprehensive personal income measure that the direct flow of wages and other earnings to individuals de­clined moderately in the fourth quarter.

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

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

profits and national income on a seasonally adjusted annual rate basis for comparison with the full year 1956. The full year 1957 comparisons will probably be somewhat less favorable in view of the effects of lowered business activity in the final quarter. For the 9 months, the annual rate of employee compensation is indicated to have been 5 percent or $12}6 billion above calendar 1956; and corporate profits on the same basis were little changed from 1956.

Corporate profits stable-margins reduced

With 9-months' corporate sales higher and profits about the same as in 1956, the reduction in profit margins was a significant feature of the economic pattern in this culmi­nating period of the cyclical rise dating from mid-1954.

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

On an after-tax basis, the level maintained during this period of nearly 3 years was higher by $4 to $5 billion than that which characterized the previous 3 years. This difference was due in part to profits having been reduced in 1952 and 1953 by the Korean-period excess profits tax and in 1954 by the business recession. Except in 1954, when removal of the excess profits tax cushioned the impact of the business decline, annual changes in profits after taxes have about paralleled those in before-tax profits.

While dividends expanded steadily, as shown in the chart, the course of undistributed profits was quite irregular, a sharp cyclical advance in 1955 contrasting with limited declines in most other recent years. In 1956 and the January-September period of 1957, when profits after taxes were stable, retained earnings declined progressively as dividends advanced.

On a quarterly basis (table 1), corporate profits receded last spring from the high fourth-quarter 1956 rate, and held about even in the summer. Inventory gains tapered as the price rise slowed, and earnings from current production held up somewhat better than did the reported figures for before- and after-tax book profits. Dividends continued to

SURVEY OF CURRENT BUSINESS January 1958

ifise fractionally from quarter to quarter through most of 1957, but the increase over 1956 tapered as the year pro­gressed. December payments dipped sharply, reflecting year-end declarations of special and extra dividends in lesser volume than usual.

Industry patterns mixed

By comparison with 1956 as a whole, last year's profits through September showed improvement in a number of the principal industry divisions. Among these, gains on the order of 5 percent were recorded for the utilities, finance and service divisions.

CORPORATE PROFITS

off in 1957 despite rise in sales with ...

DIVIDENDS again higher and ..•

RETAINED EARNINGS down for second year

1952 53

n TAXES

54 55 56

*First 3 quartprs, seasonally adjusted, at annual rates

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

Billion Dollars -50

-40

-30

0 57*

58- I -3

The annual rate for manufacturing was a little below that of 1956, with nondurables and construction-related ~durables lines in particular being characterized by lower earnings. Profits were off in the transportation industry, and the rise in mining was checked. As the chart on page 5 illustrates, these three industry divisions provide close to three-fifths of the corporate profits total. Manufacturing is seen to have accounted for well over half the all-industry aggregate, and the durables branch alone for one-third.

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

Profits off in manufacturing

National income from manufacturing during the January­September period amounted to $111~ billion at annual rates.

This represented a rise of $3~ billion from 1956 taken as a whole and $5 billion from the January-8eptember rate for that year. The corresponding percentage changes are shown in the accompanying text table together with others recorded since the recession year 1954.

Total Income Originating in Manufacturing

Percent change from pre­ceding year's­

Januarg­Annual September

total Tffte

1955_ -------------------------------------------------------------- 13.8 12. 7 1956_- ------------------------------------------------------------- 5. 6 5. 9 1957 (January-September rate)------------------------------------ 3.1 4. 5

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

Of the total flow of income from manufacturing in the 1957 period, corporate profits accounted for one-fifth. As already indicated, the profits component fell slightly short of its 1956 annual rate in the first 3 quarters of last year, with increases in the auto group and in certain investment-goods lines not quite balancing the declines recorded elsewhere in manufacturing.

Mixed record for durables

Among durable-goods groups, auto industry profits were at a 9-month annual rate $~ billion higher than the 1956 total. Other transportation equipment, electrical machin­ery, and fabricated metals together registered a gain of similar magnitude. These advances were partly offset by declines, aggregating close to $~ billion, in the primary metals group and in lumber and certain other lines com­monly affected by changes in construction activity.

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

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

Seasonally adjusted at annual rates

1956 1957 1955 1956

I I II I III I IV I II

National income __________ 324.1 343.6 335.8 340.6 344.5 353.3 355.1 358.1

Compensation of employees ____ 223.1 241.4 234.5 240.0 242.7 247.9 251.1 254.0

Wages and salaries __________ 210.3 227.2 220.9 226.1 228.3 233.3 235.9 238.6 Private _________________ 174.4 189.4 183.9 188.4 190.1 194.7 196.8 199.1 Military ________________ 9.8 9. 7 9. 7 9. 7 9. 7 9. 7 9.6 9. 7 Government civilian ____ 26.1 28.2 27.3 27.9 28.5 28.9 29.4 29.7

Supplements to wages and salaries ___ -------- ________ 12.7 14.1 13.7 13.9 14.4 14.6 15.3 15.4

Proprietors~ and rental income t_ 49.4 49.9 49.3 49.7 50.0 50.7 50.3 50.7

Business and professionaL_ 27.3 28.0 27.7 28.0 28.2 28.3 28.4 28.7 Farm _______________________ 11.9 11.6 11.4 11.5 11.5 12.0 11.5 11.7 Rental income of persons ___ 10.2 10.3 10.2 10.3 10.4 10.4 10.4 10.4

Corporate profits and inventory valuation adjustment _________ 40.7 40.4 40.5 39.1 39.8 42.4 41.2 40.7

Corporate profits before tax_ 42.5 43.0 43.3 42.4 40.8 45.6 43.9 42.0 Corporate profits tax

liability_------------- 21.5 22.0 22.1 21.6 20.8 23.3 22.4 21.4 Corporate profits after

tax .. ----------------- 21.0 21.0 21.2 20.7 19.9 22.3 21.5 20.5

Inventory valuation adjust-ment _____________________ -1.7 -2.6 -2.8 -3.2 -1.0 -3.2 -2.7 -1.3

Net interest ____________________ 10.9 11.9 11.51 11.7 12.0 12.3 12.5 12.7

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

III

362.2

257.0

241.3 200.9

9.8 30.6

15.7

51.3

29.1 11.8 10.4 • 40.9

41.8

21.3

20.4

-.9

13.0

January 1958 SURVEY OF CURRENT BUSINESS 5

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

The profits of certain durables groups where market trends are related to construction activity have been affected unfavorably by the decline in residential building which, beginning about mid-1955, continued well into 1957. The jpfluence of this decline on demand and profits has been W,;pecially marked in lumber manufacturing. Profits in

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

[Billions of dollars]

1953 1954 1955 1956

All industries, totaL •.................. 302.1 299.0 324.1 343.6

. \gr!culture, forestry, and fisheries .•........... 17.5 16.9 16.2 16.1 Mining ... ------------------------------------ 5. 5 4.9 5.4 6.0 Contract construction .................. ------. 15. 1 15.5 16.6 17.7

Manufacturing ...................... __ ... ___ ._ 96.4 90.0 102.4 108.1 Wholesale and retail trade ........... _________ 50.5 51. 1 54.8 57.9 Finance, insurance, and real estate .......... __ 26.2 28.1 29.3 30.9

Transportation ___ .······-·._ ...•........ _ .... 15.8 14.5 15.7 16.7 Communications and public utilities •• ________ 10.0 10.7 11.5 12.5 Services ...... __ .. ____ ........... --.------ .. --- 28.5 29.7 32.5 35.6

·C-overnment and government enterprises ..... _ 35.2 35.8 37.7 40.1 'est of the world ............................. 1.5 1.8 2.0 2.1

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

First 9 months, sea· sonally ad· justed at

annual rates

1956 1957

340.3 358.4

J.'i9 16.3 6.0 6.4

17.6 18.2

106.6 Ill. 5 57.3 61.0 30.8 32.2

16.7 17.3 12.4 13.2 35.2 37.7

39.8 42.4 2.0 2.3

this industry were off more than one-sixth in 1956, and 9-month totals for 1957 indicate that the reduction was extended last year.

Profit increases were recorded in several capital equipment lines, the largest being in transportation equipment other than autos and in electrical machinery. These industries started 1957 with large order backlogs and maintained generally high production rates during most of the year. At the same time, however, both new and unfilled orders tended to decline as the year passed. Orders from business for machine tools and railroad cars and from government for airplanes and parts, in particular, dropped off sharply.

Though margins narrowed further in most of the durable goods groups, the 1956-57 movements in profits generally conformed in direction with those in sales. Among the nondurables, however, where profits were down from 1956

• 1.n most industries, 3-quarter comparisons based on reports ,o the Federal Trade Commission and Securities and Exchange Commission show that the majority of the profits declines occurred while sales volume was being maintained or increased. Such contrasts in movements between profits and sales were particularly marked in the food and petroleum groups. The reductions in earnings reported for textiles, apparel, and leather, however, also occurred in the absence of any significant declines in sales.

On a quarterly basis, profits in manufacturing have been tending downward since the end of 1956, and by the third quarter of 1957 were only fractionally above the year-earlier figure. Current indicators of activity in manufacturing­industrial production, carloadings, employment, and pay-

rolls-point to the likelihood of reductions during the fourth quarter of 1957 both in profits and total income originating in manufacturing.

Other industries Income in transportation and mining continued to expand

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

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

In mining, total income during the first 9 months of last year was above 1956 rates, as output was well maintained and prices advanced both in the crude petroleum and natural gas group and in coal mining. At the same time, total min­ing profits leveled off, after having recorded marked gains in 1955 and 1956.

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

The profits position of the gas and electric utilities in the first three-quarters of last year was substantially unchanged from 1956. Some expansion was indicated in the net earn­ings of the telephone and telegraph industry group.

As in the case of the utilities, the flow of income and profits from the finance division and from foreign countries has ex­panded with the accumulation of invested capital at home and abroad. Income originating in finance last year re­flected some further expansion in debt, as well as the rise

Industry Pattern of Corporate Profits*

Manufactures generate more than half of total

*Before- tax profits adjusted for inventory valuation, Jan.-Sept. 1951

U. S. Department of Commerce, Office of Business Economics 58 -1-4

6 SURVEY OF CURRENT BUSINESS January 1958

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

[Billions of dollars, unadjusted for seasonal variation]

1953 1954 1955 1956

All industries, totaL------------------- 37.0 33.5 42.5 4.3. 0

Manufacturing ________________________________ 21.2 18.4 24.8 24.6 Durable-goods industries __________________ 12.5 10.4 14.7 14. 1 Nondurable-goods Industries ______________ 8. 7 8.0 10.0 10.5

Finance and rest of world ... ------------------ 4.8 5.1 5.5 5. 8

Transportation __________ . ________ .. _________ ._ 1.6 .9 1.3 1.2

Communications and public utilities •••....... 3.3 3.5 4.0 4. 3

All other industries.-------------------------- 6.1 5.6 6.9 7. 1

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

First 9 months

~? 31.9 31.9

18. 5 18.0 10.5 10.6 8.0 7. 4

4.3 4.6

.9 .8

3.2 3.3

5.0 5.1

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

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

Growth in Operating Business Concerns in First Half of 1957

The business population of the United States reached a record number of 4~ million operating concerns at the end of June 1957, a gain of about 30,000 firms from a year earlier. This increase, however, was about half the rise that occurred from mid-1955 to mid-1956. The more recent rise was attributable to small net increases-to new highs-in the rolls of all major industry groups except manufacturing and construction.

The number of contract construction firms was off slightly last year, the first decline since the end of World War II. This industry division, which experienced the largest relative losses in number of firms during the war when private con­struction was restricted, was characterized by conspicuously greater-than-average relative gains during the reconversion period. Expansion in the number of construction concerns continued through June 1956 and this group was affected least among the major industry divisions by the recessionary influences of 1948-49 and 1953-54.

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

Business turnover

In the first half of 1957 about 210,000 new businesses were established compared with 225,000 in the first half of 1956, a reduction of 6 percent. The 1957 period also wit­nessed a small increase-to 175,000 firms-in the number of

discontinued businesses for the business population as a whole. Similar trends were evident in each of the major industries except in retail trade, where the increase in the number of operating concerns benefited from both a higher number of new entrants and fewer withdrawals.

Changes in the number of businesses purchased or other­wise acquired by transfer of ownership usually follow in direction changes in number of new businesses. However, the number of transferred businesses during the first half of 1957 was 4 percent higher than a year earlier although the number of new businesses established declined. The number of transfers matched year-ago rates in contract constructioJt and manufacturing-the two divisions experiencing sligUI! recent declines in number of operating concerns.

Retail trade accounted for about two-thirds of the almost 195,000 transfers in the first half of last year. This is a

(Continued on page 20)

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

[Thousands]

Con-Allin- tract Manu- Whole- Retail Service All

ilustries con- factur- sale trade Indus- other struc- ing trade tries tion

Firms in Operation

June 30,1940 .. ------------------ 3, 285.2 199.1 225.8 185. 911, 565. 0 626.4 482.9 June 30, 1943 ____________________ 2, 881.6 155.7 245.0 170.2 1,317.2 550.8 442.7 June 30, 1948-------------------- 3, 964.7 332.5 321.0 258. 3 1, 769. 8 742.0 541.1 June 30, 1949 ... ----------------- 3, 999.5 348.8 320.4 262. 1 1, 793. 7 736.2 538.4 June 30,1952 ... ----------------- 4,175.4 414.0 329.6 280.9 I, 853.6 740.4 556.9

June 30,1953 ... ----------------- 4, 205.7 432.3 326.6 285.0 1, 859.2 741.9 560.7

P~e ~6: ~~~:::::::::::::::::::: 4, 185.3 431.3 321.8 285.6 1, 849.9 739.0 557., 4, 196. 7 441.3 317.6 287.1 I, 850.7 742.3 557.

Dec. 31, 1954 ____________________ 4, 189.0 446.1 312.5 287.5 I, 846.1 740.6 556.2 June 30, 1955 .. -----------·------ 4, 232.3 465.6 311.4 289.9 1, 857.3 745.0 563.0 Dec. 31,1955 '------------------- 4, 245. 2 471.9 309.2 291.2 1, 860.5 746.5 565.8 June 30, 1956 '------------------. 4, 294.2 483.0 311.8 294.9 1, 874. 2 755.7 574.7 Dec. 31, 1956 '------------------- 4, 287.0 477.0 309.0 295.0 I, 876.0 755.0 575.0 June 30, 1957 '------------------- 4, 322.0 478.0 309.0 297.0 1, 897.0 i 761.0 580.0

---~~--

New Businesses

January-June 1953 _____________ 199.3 40.4 16.0 11.9 77.4 29.6 24.0 July-December 1953 ____________ 141.2 23.9 10.4 8. 6 58.1 23.1 17.2 January-June 1954 ______________ 189.0 35.7 13.1 11.0 75.4 30.3 23.5 July-December 1954 ____________ 145.2 25.8 9.6 8. 9 59.8 22.8 18.2 January-June 1955 ... ----------- 210.2 40.9 14.9 11.7 81.8 32.8 28. 1 July-December 1955 ... ________ 170.2 30.0 11.4 9. 6 69.4 27. I 22.7 January-June 1956 ______________ 223.9 41.0 16.2 12.4 86.8 36.7 30.8 July-December 1956 ____________ 156.9 23.8 10.6 9.4 65.4 26.3 21.4 January-June 1957 ... ----------- 211.0 34.5 13.4 12.2 87.9 35.6 27.5

Discontinued Businesses

January-June 1953 _____________ 172.4 25.81 16.3 9.8 71.1 26.7 22.7 July-December 1953 ___________ 161.6 24.9 15.2 8.0 67.3 25.9 20.3 January-June 1954 ____________ 177.6 25.8 17.3 9.6 74.6 27.0 23.3 July-December 1954 _____________ 153.0 21.0 I 14.8 8.4 64.5 24.6 19.8 January-June 1955 ______________ 166.9 21.4 16.0 9.4 70.6 28.3 21.2 July-December 1955 '----------- 157.2

23.71 13.6 8.3 66.1 25.7 19.9

January-June 1956 '------------- 174.9 30.0 13.7 8. 7 73.1 27.5 21.9 July-December 1956 '- ---------- 164.0 30.0 13.0 9.0 63.0 27.0 21.0 January-June 1957 '------------- 176.0 33.0 14.0 10.0 1 67.0 29.0 23.0

Transferred Businesses

January-June 1953 _____________ 205.0 8.6 9.8 7.4 135.6 30.5 13. 1 July-December 1953 ____________ 151.2 5.5 6.6 5.4 102.0 21.9 9. 9 January-June 1954 ... ----------- 181.8 7.3 7.8 6.5 121. 5 26.6 12.2 July-December 1954. ___________ 137.9 5.0 5. 5 4.5 94.6 19.7 8. 7 January-June 1955 ______________ 176.3 6.6 7. 5 6.0 117.7 26.4 12.0 July-December 1955 _____________ 150.7 5.3 6.2 5.0 102.6

22.21 9. 5

January-June 1956 ______________ 186.1 7.4 7. 7 6. 5 123.7 28.1 12.6 July-December 1956. __ --------- 141.2 5.1 5. 7 5.2 94.8 21.0 9. 3 January-June 1957 ... ----------- 193.2 I 7.4 7. 6 6. 9 129.4 28.9 13. l

r Revised estimate. 1. Business population estimates for other year~ appear on pp. 12 to 16 of the January 1954

Issue of the SURVEY. 2. Based on incomplete data.

Source: U.S. Department of Commerce, Office of Business Economics, Estimates based primarily on data from the U. fl. Department of Health, Education, and Welfare, Bureau of Ol·i-Ag-e and Survivors Insurance.

by Marie T. Bradshaw, Daniel Roxon, and 1tfax Lechter -u----------------

Foreign Trade and Domestic Business

i)NE OF THE stimulating factors in the domestic business picture in early 1957 was the continued expansion in our export trade. Influenced by trade diversion resulting from the blockage of the Suez Canal, exports (after seasonal ad­justment) rose to a peak in the first quarter of the year. A reverse tendency was evident later in the year, but for 1957 as a whole exports were unusually high.

The overall relation of exports and imports to domestic economic activity is set forth in the initial chart in this review. Export sales, corrected for usual seasonal move­ments, reached a new top of $20 billion at an annual rate in the first quarter of 1957, having advanced in the 1955-57 cyclical upswing of business activity at a relatively higher rate than did the total gross national product. Exports began to taper off in the second quarter of 1957, and the trend during the second half of 1957 was downward.

By contrast with exports, imports were more in line with domestic business during the cyclical upswing which cul­minated in the third quarter of 1957. As early as the end of 1955, imports regained the position that had prevailed im­mediately prior to the 1953-54 period of decline in domestic business activity. With imports at a record annual rate in ~xcess of $13 billion in the third quarter of 1957, their overall ""'telationship to domestic business was approximately the same as in early 1953.

For the purpose of analyzing the relation of foreign busi­ness to fluctuations in our domestic economy, the Office of Business Economics has compiled and applied a new end-use economic category classification for both exports and im­ports. Much of the data in the present review updates and revises end-use economic category data presented originally in the November 1955 (imports) and December 1956 (ex­ports) issues of the SuRVEY OF CuRRENT BusiNESs.

Competition in world export markets

To provide a perspective against which recent develop­ments in United States exports may be gauged, table 1 pro­vides a comparison of trends in export sales of the world's three major ma.nufacturing centers-the United States, Western Europe, and Japan-to other areas of the world. This shows the substantial progress made by all three exporting areas. Japan made relatively more progress since 1953 but its previous gain had been considerably slower.

In the case of Europe, the relative rise in exports as com­pared with the United States was faster during 1953-55 but during 1956 and the first half of 1957 the spurt of United States exports was not matched by the European countries. These developments indicate the continued strong competi­tive position of United States products in world markets during the last years.

NOTE.-MISS BRADSHAW, MR. ROXON, AND MR. LECHTER ARE MEM· BERS OF THE BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESS ECONOMICS.

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

Exports Have Advanced More Rapidly Than Imports, Resulting in an Unusually High Export Surplus in 1957

Imports moved about in line with domestic Gross National Produd

GNP Billion Dollars

500 (ratio scale)

Foreign Trode Billion Dollars

400

GROSS NATIONAL PRODUCT· 300

EXPORTS*

16

,-... ,~ _.._. , --, ' 12 ,,

_,--, 1 _,., ""' GENERAL ' ,,, ~' IMPORTS ,,, --

0 Estimated

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

* Including reexports, excluding militory old

Bo•ic data: Exports and imporfl, Census Bur.

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

7

8 SURVEY OF CURRENT BUSINESS January 1958

Table I.-Exports of the United States, OEEC Countries, and Japan to Other Countries, 1953-57

OEEC countries Japan (exclud-United States (excluding ex- (excluding ex- lng exports to

ports to Japan and OEEC ports to United United States countries) States, Japan, and OEEC

and intra- countries) OEEC trade)

Period

Total Nonagricultural Total Total

Value Value Value Value Million Index Million Index Million index Million Index dollars (1953= dollars (1953= dollars (1953= dollars (1953=

100) 100) 100) 100)

1953.------------------ 8, 854 100 7,530 100 11,687 100 933 100 1954.------------------ 8,928 101 7,671 102 12,719 109 1,209 130 1955 ...... ------------- 9,661 109 8,263 110 13,805 118 1,378 148 1956, totaL.----------- 11,521 130 9,636 128 14,912 128 1, 730 185

1st half at annual rate. ___ .---------- 11,483

2d half at annual 130 9,686 129 14,802 127 1,591 171

rate.--------------1957: 1st half at an-

11,562 131 9,584 127 15,023 129 1, 870 200 nual rate ____________ 13,002 147 10,752 143 15,964 137 1,853 199

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

Exports Mirror Business Trends Abroad

The composition of the rise in United States exports since 1953, particularly of nonagricultural products, provides much evidence regarding the corresponding course of business activity abroad. Supposing that no other relevant economic data for foreign countries were available, the magnitudes of the gains in our exports of producers' supplies and capital equipment (see table 2) would by themselves indicate that industrial activity abroad, along with that in the United States, has undergone a major expansionary phase during the past several years.

Industrial materials overshadow other exports

Exports of industrial supplies and materials by domestic nonagricultural producers, having risen almost continuously after 1953, reached a peak in the first half of 1957 and thereafter began to taper off somewhat in the third quarter of the year. Although such exports as a group apparently w~re down somewhat more than seasonally in the third quarter of 1957-even after adjustment for the emergency petroleum shipments resulting from the Suez crisis-they continued to move abroad at an annual rate $800 million higher than in July-September 1956 and $2,800 million in excess of the yearly total in 1953.

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

Cotton exports, after dropping to an 8-year low during the crop year 1955-56, made an "about face" and soared to a 23-year high in the year ended July 1957. While such unusually high cotton exports during the past crop year were stimulated to a large extent by increased Government financing, the adoption by the Government of a program making prices for United States cotton competitive with prices for comparable foreign growths provided a strong impetus. Exports moving out under private financing accounted for approximately two-thirds of the $780 million increase in cotton exports during 1956-57 as compared with the previous crop year. While August-December 1957 exports have dipped some 25 percent from the abnormal highs

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

Industrial materials geared to high demand in Europe

Since manufacturers in Western Europe are outstanding among our foreign customers for both agricultural and nonagricultural raw and semifabricated materials, business trends in that area are particularly important. In Western Europe as a whole, the rise in industrial production continu~ uninterrupted into 1957. During 1957, however, the pace of economic expansion within Western Europe appeared to have been slowed somewhat by factors such as the tightening of credit restrictions to avert intensified inflationary pres­sures, the consequent reduction in investment and other spending, loss of foreign exchange reserves and excessive inventory positions in certain industries.

Through the third quarter of 1957, such recent economic developments in Western Europe appear to have merely limited the magnitude of further gains in United States exports. The chart on p. 10 shows that our total nonmilitary shipments to this area, which in 1956 had grown by more than 80 percent as compared with 1953, scored still additional large advances in 1957. Even if petroleum is excluded, export sales to Western Europe during each of the first 3 quarters of 1957 were well ahead of such exports in the corresponding periods of 1956.

It is true that total exports to this area (excluding petrole­um) declined from the first to the second quarters of 1957 whereas in the same period a year before such shipments showed a substantial rise (see chart). The seasonal down­swing in exports in the third quarter of 1957, furthermore• was more pronounced than the corresponding dip of a year ago. However, changes in the quarterly pattern of exports to Europe in 1957, even after excluding the extraordinary shipments of petroleum in the first and second quarters of the year, appear to have been due to the shift from 1956 to 1957 in our agricultural exports, rather than to reduced European demand for basic industrial materials.

Whereas in 1956 food exports to Western Europe, particu­larly grains, had moved upward after the first quarter and remained high during the remainder of the year, such ship­ments dropped sharply in the second and third quarters of 1957. The rapid rise in cotton exports which had occurred in the last half of 1956 was reversed after the first quarter of 1957. Our sales of cotton to Western Europe in April­June 1957 were nevertheless still 2% times as great as in the corresponding months of 1956. The dropoff in cotton ex­ports in the third quarter of 1957 from a year earlier resulted largely from the fact that cotton inventories in European countries had become considerably higher than in 1956. Actual textile output in Germany, Italy, and the United Kingdom continued to be considerably higher than during the preceding year. . ,

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

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

January 1958 SURVEY OF CURRENT BUSINESS 9

In this connection changes in European dollar earnings from sales in the United States market are highly significant. The chart shows that our merchandise imports from Europe have undergone a steady expansion over the last 3 years. During the first 9 months of 1957, moreover, Western Europe stands out as the only major area which succe~ed in boosting its merchandise exports to the United States appreciably above the rate of the corresponding period of 1956.

Notwithstanding this further increase in its sales to the United States during 1957, Western Europe's trade deficit with us has loomed even larger than in 1956 and the balance of payments of such important countries as the United rKingdom, France, the Netherlands, and Belgium was under considerable strain during the past year. France has had to impose extensive import restrictions to try and redress its adverse position. The other three countries have not re­sorted to new import restrictions, but they have adopted, in common with other European countries, numerous in­ternal counter-inflationary measures 'vhich may effectively curtail the demand for some imports, including those from the United States.

Reversal of export uptrend to Japan

Japan, which beginning in the latter part of 1955 had likewise channeled a rising flow of raw and semifabricated materials from the United States into its rapidly expanding manufacturing industries, adopted a tight money policy in the spring of 1957 which has since tempered its industrial boom and the resulting demand for raw materials imports from the United States.

During the first half of 1957, Japan had increased its total imports from the United States by over 90 percent as com­pared with the corresponding period a year earlier. Although

1a variety of machinery items shared in the larger exports to Japan, in January-June 1957 the bulk of the overall rise was accounted for by steel scrap, pig iron, other iron and steel, coal, nonferrous metals, cotton, and other industrial supplies. Around the middle of 1957, however, the effectiveness of the tighter Japanese credit restrictions and of cuts in the official import budget became evident as United States exports to Japan began to weaken. In the fourth quarter of the year exports had been cut by about a third from the average quarterly rate recorded during January-June.

Canada and other Western Hemisphere countries which should be cited as additional important markets for exports of industrial materials such as steel and chemicals, are dis­cussed below.

Brisk pace of capital equipment exports

After remaining relatively stable from 1952 through 1954, exports of capital equipment expanded by 8 and 22 percent in 1955 and 1956 respectively. During each of the first three quarters of 1957 exports again continued to be well in excess of shipments in the corresponding periods of the previous year. While exports in the third quarter of 1957 were at an annual rate $67 5 million higher than in July­September 1956 (see table 2), the decline from the second to the third quarters of the latest year, although partially resulting from seasonal factors, was relatively somewhat more than the parallel dip in 1956.

Just as the trend in exports of industrial materials is closely tied to the movement of business in Europe and ,Japan, so the demand for United States exports of capital equipment is intimately linked to economic conditions in \Vestern Hemisphere countries.

U. S. investments in Canada boost capital goods exports

In Canada, the most important single foreign market for American-made machinery and capital equipment, the gross national product during the fourth quarter of 1956 was at a seasonally adjusted annual rate more than one-fourth higher than in 1954. This pronounced growth had been fa­cilitated by a record inflow of capital from this country. American investments in petroleum, manufacturing and other Canadian industries had jumped by nearly $1 billion during 1956 and promised to show a. rival gain by the close of 1957.

Although growth characteristics are still·evident in some segments of the Canadian economy, there was an easing off in the aggregate real output of goods and services within Canada during the course of 1957. This development may explain the much slower rise in total United States exports to Canada from the first to the second quarters of 1957 tha.n in the same quarters of the previous year. In July-Septem-

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

Value in m!Ilions of dollars Percent

Cat<Jgory Annual January- January- April-June July- Annual January-September March September September

1953 1954 I 1955 1956 1956 1957 1956 I 1957 1956 I 1957 1956 1957 1953 1954 I 1955 I 1956 1956 I 1957

Total domestic exports, ad .. jus ted 1 (excluding mili-tary aid) __________________ 12,128 12,707 14,146 17,143 12,329 14,569 3,908 5,043 4,368 5,089 4,053 4,437 100.0 100.0 100.0 100.0 100.0 100.0

Agricultural. totaL _______________ 2, 848 3,054 3,198 4,160 2,836 3,376 831 1, 282 1,027 1, 132 978 962 23.5 24.0 22.6 24.2 23.0 23.2 Nonagricultural, total _____________ 9,280 9,653 10,948 12,983 9, 493 11,193 3,077 3, 761 3, 341 3,957 3,075 3, 475 76.5 76.0 77.4 75.8 77.0 76.8

Producers' supplies and materials_ 4, 793 5,460 6,068 7,356 5,163 6, 661 1,583 2,378 1,805 2,280 1, 775 2,003 39.5 43.0 42.9 42.9 41.9 45.7 AgriculturaL _________________ 1,065 1,408 1,184 1,462 926 1,342 257 531 322 433 347 378 8.8 11.1 8.4 8. 5 7.5 9. 2 N ouagricultural _______________ 3, 728 4,052 4,884 5,894 4, 2.37 5,319 1,326 1,847 1,483 1,847 1,428 1, 625 30.7 31.9 34.5 34.4 34.4 36.5

Capital equipment ________________ 4,025 4,037 4,367 5,305 3, 921 4,505 1, 258 1,432 1,402 1,643 1, 261 1,430 33.2 31.8 30.9 31.0 31.8 30.9

Food and drugs ___________________ 2,040 1, 928 2,285 2,986 2,124 2,268 645 829 776 777 703 662 16.8 15.1 16. 1 17.4 17.2 15.6 AgriculturaL _________________ 1, 783 1, 646 2,014 2,698 1,910 2,034 574 751 705 699 631 584 14.7 12.9 14.2 15.7 15.5 14.0 Nonagricultural (mainly

drugs) ______________ -------- 257 282 271 288 214 234 71 78 71 78 72 78 2.1 2. 2 1.9 1.7 1.7 1.6

Finished consumer goods ' ________ 1,105 1,U2 1, 247 1, 274 9!;1 939 358 329 327 329 266 281 9. I 8.8 8.8 7. 4 7. 7 6.4

All other and unclassified'-------- 16.5 170 179 222 170 196 61 75 58 60 48 61 1.4 1.3 I 1.3 1.3 1.4 1.4

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

3. Principally shipments valued under $100.

Source: U. S. Department of Commerce, Office of Busines.< Economics.

450946 °-58--2

10 SURVEY OF CURRENT BUSINESS January 1958

Regional Shifts in 1957 Were Larger in Exports Than in Imports

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

Billion Dollars

6

4

1957

~_, ... /956

2

0

CANADA

West!Arn Europe had major share of 1957 import gain

Billion Dollars

6

4 1957

~--'-.... /956

2

0

6 LATIN AMERICAN REPUBLICS 6

1957 .....___

~ ... 4 -------f/{111'' /

/956

2

0

8 WESTERN EUROPE

""' <!>,, ,~-;-1956 6 '®, ~/®

' ~/ ,., ___ ., 4

2

0

6

4

2

0 1953 1954 1955 1956

ANNUAL TOTALS

* Including reexports, excluding militory oid

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

~

e Excl. petroleum shipments resulting from Suez Crisis

REST OF THE WORLD

,~,. ....... -- ~" .... I ...

1956

2 3 4 QUARTERS AT ANNUAL RATES

1953 1954 1955 1956 ANNUAL TOTALS

~ 4

/ --1956

2

0

8

6

1957 4

~ ... ~' /

1956 2

0

6

/956 4

..! ~---1957

2

0 2 3 4

QUARTERS AT ANNUAL RATES

Basic data, Census Bur.

58-1-6

.January 1958 SURVEY OF CURRENT BUSINESS 11

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

The chart also pictures another important aspect of the current business picture in Canada. Whereas Canada's ex­ports to the United States had chalked up substantial an­nual gains in 1955 and 1956, they displayed only a minor increase during the first 3 quarters of 1957. As discussed below this development reflected continued weakness in lumber prices during 1957 and developing softness in market conditions for newsprint, woodpulp, metals, oil, and some other major Canadian export items.

1oom in investment goods to Latin America

During 1957, our capital goods sales to Latin America, having undergone an even more outstanding expansion than in 1956, promised to be substantially higher than corre­sponding exports to Canada.

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

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

Recent economic developments in individual countries underscore the problems which may confront some of our top Latin American customers in attempting to maintain or to increase further their imports from the United States. Although Venezuela's international reserves reached a new peak at the end of September 1957, the partial cutback in Venezuelan petroleum output in recent months from the record production schedules called for by the Suez emergency may dampen, at least temporarily, the upswing in United States exports to that country. During the first 11 months of 1957 our total shipments to Venezuela had risen by almost 60 percent as compared with the corresponding period of 1956 to an annual rate of over $1 billion.

Brazil's rising purchases of capital equipment had boosted its total imports from the United States by 60 percent in January--November 1957 as compared with the same 11 months a year earlier. Although in recent months Brazilian economic prospects have improved somewhat as cocoa prices strengthened and the coffee market recovered from its weak­ness earlier in the season, Brazil's dollar supply remained very tight because of other large dollar obligations and the higher imports from and lower exports to the United States.

In Argentina, which also accounted for a major increment to our overall capital equipment exports in both 1956 and 1957, the drain on foreign exchange reserves caused by the failure of the corn crop and the higher prices and freight on Gil during the Suez crisis led to the adoption of new import t·t>strictions. Near the end of October 1957 the importation Gf trucks and chassis, which had comprised about 25 percent Gf total United States exports to Argentina in the first 10 months of the year, was suspended for 90 days.

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

prices for lYiexican exports of metals, coffee, and cotton may have tempered the 3-year-old boom in Mexican business activity and hence the rise in our sales of capital equipment and other goods to Mexico. The recent softness in world prices for copper, lead, zinc, and other metals has likewise adversely affected incomes in some other Latin American export markets, such as Chile and Peru.

Reflecting the effects of weakness in prices of and demand for mild coffee earlier in the current year, as well as the large backlog of Colombia's international indebtedness carried over from previous years, exports to Colombia in the first 11 months of 1957 were far below those of a year ago, con­trasting sharply with the trend in our sales to other markets in Latin America.

Asia and Europe get U. S. capital equipment

While Canada and Latin America constitute the two lead­ing foreign markets for capital goods exports, other countries outside the Western Hemisphere have become increasingly important sales outlets for such equipment. Japan topped the 1957 list of such Asian customers, but Korea, which has been recently the major individual recipient of economic assistance from the United States, has also constituted a rapidly expanding market.

The substantial rise in sales of capital equipment to India in 1955 and 1956 was not extended into 1957. To aid in remedying the highly adverse payments position which developed during the first half of 1957, India has since im­posed a series of progressively tighter import restrictions. The Philippines, which has also relied to a large extent on capital equipment imports from the United States to imple­ment its industrialization program, has likewise adopted new controls which should seriously curtail imports of capital equipment and other goods during the months ahead.

Europe's demand for imported capital equipment is far overshadowed by its requirements for imports of basic indus­trial materials, yet greater shipments to Europe of civilian aircraft, machine tools, and construction machinery have contributed significantly to the overall expansion in our capital equipment exports during the past 3 years.

Declining importance of finished consumer goods

Since 1956 exports of nonfood consumer goods have ac­counted for a diminishing share of total United States non­military exports (see table 2). The decline since 1955 in exports of passenger cars, the largest item within the cate­gory, was largely responsible for this development. The downtrend in sales to 'V estern Europe which had begun in 1956 was speeded up in the first half of 1957 by emergency restrictions on gasoline usage made necessary by the Suez crisis. Shipments to Canada, which unlike exports to other areas had continued to expand in 1956, fell by more than one-half in January-September 1957 as compared with the corresponding period of 1956. In the second and third quarters of 1957 Canadian production and demand fell off sharply from year-earlier rates. Meanwhile, Canadian imports of European cars increased by more than a third over 1956, and for the first time since 1950 accounted for more than a tenth of new automobile sales.

Losses in United States auto exports to Western Europe and Canada during 1957 were only partially offset by the rise in exports to Latin America. Shipments to the latter area rebounded in 1957 back to near the 1955 rate notwith­standing the stiffest competition to date from our competitors in Western Europe.

12 SURVEY OF CUlU~E~T BUSI~ESS .January 1!1!}1-<

Food exports off from January-June 1957 peak

The sharp rise in food exports which began in 1955 con­tinued well into 1957 as shipments during the first half of the year reached their highest rate since 1947. Heavier exports of grains formed the backbone of this large expansion, and ~rreatly enlarged deliveries of other commodities such as vegetable oils and oilseeds, and fruits and vegetabl<:'s con­tributed prominently to the overall advance.

Owing largely to intensified demand in Europe where last year's wheat harvest was small and of inferior quality, wheat exports set a new record of 549 million bushels in the year ended June 30, 1957. During the same fiscal period exports of rice, fruits, soybeans and vegetable oil also t~halked up outstanding gains as only limited supplies were available for export from other producing countries.

Enlarged deliveries under Government programs during t956-57 as compared with the previous fiscal year accounted for nearly two-thirds of the total $365 million rise in wheat exports, 90 percent of the $100 million gain in rice shipments, and at least four-fifths of the $87 million advance in exports of soybean oil. Government activities in the last fiscal year likewise provided an important stimulus to corn exports which rose to the highest crop-year volume since 1921.

The 3-year uptrend in food exports was reversed in the last half of 1957. Although deliveries of wheat to India, ,Japan, Poland, and Brazil in the third quarter had increased as compared with July-September 1956, exports to \Yestern Europe were off by about two-thirds. In Europe, partic­ularly in France, the most recent wheat crop (1957-58) was ·setting a new record. Lower shipments of rice, oats, barley, and grain sorghums in July-September 1957 than Juring a year earlier, also contributed to the recent dip in our overall food exports. Partially offsetting such declines were the increased corn shipments destined for \Vestern Europe where feeding supplies had been reduced due to the better quality of the most recent wheat crop, and for Mexico which had experienced a severe crop failure in its central plateau area.

Exports Aid Output in Key Industries

Table :~ shows that exports were important in influt'ncing output schedules of many of the nation's top-ranking industries. Notwithstanding the major gains in domestic demands-especially since 1954-export outlets for numerous key individual products haYe grown at an even faster rate than domestic markets. As the pace of expansion in domestic demand began to case off during 19fi7, moreover, continued high export sales exerted some stabilizing effect on output.

Machinery exports rise faster than domestic sales

The even more rapid rise in exports than in domestic sales of nonelectrical machinery was particularly outstanding in view of the record expansion in domestic investment spending dur­ing the past ;~ years. The ratio of export to domestic sales of such machinery, having climbed slowly but steadily since 195:3, reached an alltime high of over 15 percent in the third quarter of 1957.

Within the nonelectrical machinery group, exports of con­struction, excavating and mining machinery, which during 1953-55 were about one-fourth of domestic sales, became over one-third as large as domes tie shipments in 1956 and in January-september 1957. _In 1957, J:ligher exports ?f ma­{:hine tools and metalworkmg machmery also provided a major support to produetion in the supplying industries which

reduced thPir shipments to domestie customers sharply after the first half of the year.

Although beginning in the spring of 1957 exports of most wheel-type tractors dropped below the previous year's move­ment while domestic shipments went ahead, exports of other types of tractors have recentlv been better sustained than domestic saks. ·

Transport equipment in export markets

Export demand during 1957 for all major items within the commercial transportation category-except trucks an,· buses and railway freight cars-made a better showing rela­tive to domestic demand than in the year before. In the case of motor trueks and buses, exports continued to be nearly one-fourth as large as domestic sales.

The number of commercial planes delivered to foreign air· lines in the second and third quarters of 1957 was virtually one-half the number completed for domestic customers. OJ the total 971 transport aircraft on order with United StateE companies on September 19, 1957, moreover, foreign-flag pur­chases eontinue to number about half those to be delivered to domestic lines.

The number of locomotives exported in January-Septembe1 1957 was also nearly 50 percent as large as the number oJ new locomotives installed in domestic service. Althougl: since 1955 exports of railway freight cars have remainec relatively unimportant as compared with domestic deliveries the number of railway passenger ears exported in the firs1 half of 1957 was well over double the number delivered t< domestic carriers. In the third quarter of the year. howevE'r such passenger car exports fell sharply while deliveries t< domestic ra.ilroads rose to their highest rate since the fourtl quarter of 1955. In recent months both export and domestit ordE'r bacldogs for all types of railway equipment have bem greatly reduced as compared with a year earlier.

High exports aid industrial materials producen

Unmanufacturecl cotton, cattle hides, bituminous ail< anthracite coal, iron and steel scrap, and cotton piece good: were prominent among industrial materials exported i1 greater quantities during January-September 1957 than i1 the same period a year earlier, while domestic demands wer· declining.

In the case of cotton, the 2:~-year high of 7.5 million bale exported in the 1956-57 season permitted a reduction o over 4.7 million bales in Government-controlled stoekE notwithstanding the fact that domestic consumption was o1 by over one-half million bales from the rate of the previou year. The rise in exports and fall-off in imports of cotto piece goods during 1957 should be cited as an export develor ment. -whieh further favored domestic producers of both l'H'

cotton and textiles. As recently as 1951 this country had been a net importE

of cattle hides. As livestock slaughter in January-Septeir her 1957 held at the reeord rate of the previous year ou imports dropped to an almost. negligible amount whil exports rose to become nearly one-t.hird as great as domest.i utilization.

The continued rise in foreign demand for bituminous col in 1957 was a major factor responsible for the maintenanc of high coal production, especially during the first half c the vear when both domestic industrial consmnption an deli,;eries to retail dealers slipped below the rate of January June 1956. Enlarged exports of anthracite coal during th first half of 1957 also compensated to a. large extent for r( ducecl domestic demands in the early months of the year.

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

Domes-tic

Commodity and year Unit pro~

ductiont

CAPITAl. EQIDPMENT

Marhinery and Related Equipment: F. \ectrlcal machinery ' Mil. dol.

1953 __ ------------------------" 1954 __________________________ _ 1955 ______________ -------------!956 __________________________ _ 1956, January-September _____ _ !957, .January-September ______ _

Other machinery (incl. agricu\-tnral) Mil. dol.

19->3--------------------------HlM _________________________ _

195.)_ ""--- ---------------------1956 __________________________ _ !956, January-September _____ _ !957, .January-September _____ _ Grade"" and rollers Mil. dol.

1953 _______________ ----.

19!\4_ -------------------1955 _____________________ _ 1956 __________ ----------" --1956, January-September __ 1957, January-September.

Industrial trucks and tractors ::'\umber 1953.----------------------19!\4.--- ------------------1955_ ---------------------1956 ______________________ _ 1956, January-september_ 1957, January-September.

Machine tools and forming Mil. dot and shaping machinery. 1953 ______________________ _

19!\4. ---------------------1955_-- ------------------ "" 1956 ___________________ ----1956, January-September 1957, January-September.

Track\aying and contractor.'' Thous. wheel-type tractorg.

1953.----------------------19!\4 ______________________ _ 1955 ________________ -- -----195~-- ---------------------1956, January-September.. 1957, January-September__

Commercial Transportation Equip­ment:

Civil aircraft Number 1953_- ------------------------­!OM_--------------------------1955_- ------------------------1956 _____________________ ----- " !9.16, January-September. ___ _ 1957, January-September- __

Locomotives !\umber 19.13 __________________ ----- "--19M _______________ ----- _____ _ 19.15 ______________________ - ---1956 ______________________ _ 1956, January-September _ !957, January-September._

Hail way passenger cars c;-umber 1953_ ----------------------1954-------------------------1955 ________________________ _

1956_- -------------------- ---!956, January-September---1957, January-September __ _

Motor trucks and busses Thous. 1953 ________________________ _ 1954 _________________________ _ 1955 __________________________ _ 1956 ________________________ --1956, January-September ____ _ !957, January-September. ___ _

17,124 16,168 17,233 19,494 14.043 15; 806

24, 510 22,329 24,159 28, 3~2 20,967 22,474

79 81 97

126 97 91

n. a. 34,718 39,096 38,916 29,337 24,643

1,440 1,143

878 1,191

853 930

54 43 53 60 48 37

4,140 3,384 4, 750 7,20.1 5, 662 5, 136

2, 652 1, 5fo0 1, 658 2, 250 1, 668 1, 534

391 585 984 430 390 412

1, 206 1,042 1, 249 1,104

837 824

Domes-tic

use 2

16, 46.> 1 15,545 16, 567 18,714 13,459 15,198

21,902 19,850 21,414 25,028 18,488 19,619

55 52 66 83 63 .)2

n. a. 20,459 22,581 22,407 17, 107 13,623

1,289 1,029

766 1,051

755 789

34 26 34 38 31 22

2, 767 2,234 3,051 ,), 557 4,458 3, 597

2,100 1,116 I, 178 1, 4!)2 1, 125 1,019

386 345 888 396 361 287

1,067 847

1,056 898 679 fl68

PUODUCERS' SUPPMES AND EQUIPMENT

Agricultural: Raw cotton Thous. bales

19.12-53 erop year (August-.) uly) ______________________ _

1953-54.---------------------1954-55 ... --------------------195[>--56----------- --------- --195t>--57 --------------------

Cttttle hides Thous. pieces 1953 __ - ---------------------1954 __ -----------------------195.'\_ ------------------------1956_ ------------------------1956, January-September __ _ 1957, January-September __

Nonagricultur:ll: Bituminous coal l\I il. sh. tons

1953 ________ ------1954.----------------1955 __________________________ _ 1956 __________________________ _ 1956, January-September _____ _ 1957, January-September _____ _

Anthracite coal Thous. sh. tons 1953.--------------------------1954.--------------------------1955 ______________________ -----1956 ______________________ -----1956, January-September_ ____ _ 1957, January-September _____ _

15,139 16,465 13,696 14, 721 13,310

23,605 25,017 25,722 26,862 19, 701 19,81:8

457 392 465 500 369 368

30,948 29,088 26,208 28,584 20,728 19,433

'9, 424 '8, 576 '8,841 '9, 147 '8,617

21.680 20,283 20,254 22,262 16, 317 !.5,020

'427 5 363 '423 '433 '320 5308

28,195 26,232 23,052 23,340 17,289 15,943

Export• •

Quan-~ Per-tlty cent of or domes-

value tic use

661 623 666 780 584 608

2,608 2,479 2, 745 3,334 2,484 2,855

24 29 31 43 34 39

12,566 14,259 16, 5!.5 16,509 12,230 ll, 020

!51 114 112 140 98

141

20 17 19 22 17 15

1,373 I, !50 1,699 1, 648 I, 204 I, 539

5.12 444 480 804 .143 515

5 240

96 34 29

125

139 195 193 206 !58 !56

2,8.55 3,619 3, 301 2,078 7,509

1. 925 4, 734 5,468 4,600 3,384 4, 788

34 31 51 69 51 60

2, 753 2, 856 3,156 5,244 3,439 3,490

4.0 4.0 4.0 4.2 4.3 4.0

11.9 12.5 12.8 13.3 13.4 14.6

43.6 55.8 47.0 51.8 54.0 75.0

n. a. 69.7 73.1 73.7 71.5 80.9

11.7 11.1 14.6 13.3 13.0 17.8

5S. 5 66.6 56.0 59.2 55.8 71.6

49.7 51.5 55.9 29.9 27.2 42.9

26.3 39.8 40_ 7 55.4 48.3 50.5

1.3 69.6 10.8 8.6 8.0

43.6

13.0 23.0 18_ 3 22.9 23.3 23.3

30.3 42.2 37.3 22.7 87. I

8. 9 23.3 27.0 20.7 20.7 31.9

7-9 8.6

12.1 15.8 15.8 19.4

9.8 10.9 13.7 22.5 19.9 21.9

-I

Domes- Exports • tic Domes- Quan-~ Per-Comrnodity and year Unit pro- tic

ductlon1 use 2 tity cent of or domes-

value tic use

PUODUCEUS' SUPPLIES AND EQUIPMENT-Continued

Nonagricultural-Continued Iron and steel scrap Thous. sh. tons

1953 ___ -- ---.------------------1954 __ ------------------------1955_ --------------------------1956 ________ -- -----------------1956, January-September _____ _ 1957, January-September. ____ _

Other iron and steel (excl. pig iron) Tho us. sh. tons 1953 __________________________ _

1954_ --------------------------!955 __________________________ _

1956_ --------------------------1956, January-September _____ _ 1957, .January-September _____ _

Copper sulfate Sh. tons 1953.--------------------------1954_- -------------------------1955 ______________ --------------1956_---- ----------------------19.16, January-September _____ _ !957, January-September. ____ _

DDT Sh. tons 1953.--------------------------1954 __________________________ _

1955_- -------------------------1956 __________________________ _ 1956, January-September _____ _ 1957, January-September _____ _

Sulfur Thous. sh. tons 1953 __________________________ _ 1954 __________________________ _ 195.'). ___ -----------------------1956 __________________________ _ 1956, January-September _____ _ 1957, January-September_ ____ _

Cotton piece goods Mil. sq. yd. 1953 __________________________ _

1954_ --------------------------1955 __________________________ _

1956_- -------------------------1956, January-September------1957, .Ttmuary-September _____ _

77,858 63,236 86,388 86,801 62,765 64,400

80,148 63,156 84,720 83,256 60,829 62,584

72,944 65,284 77,986 66,776 52,948 57,968

41,712 45,535 62,567 69,481 53,087 48,183

5,493 5,873 6,145 6,908 5,206 4,493

11,224 10,881 11, 189 11,273 8,483 7, 919

577,304 '61, 356 '81, 372 '80, 316 558,707 '57, 337

78,996 61,242 81,656 8), 493 58,726 59,730

40,285 35,522 40,604 36,599 28,483 29,198

26,007 24,372 33,941 40,846 30,428 23,114

4,252 4,227 4,572 5,462 4.130 3, 704

10,667 10,349 10,779 10,949

8.262 7,600

172 1, 477 4, 958 6,055 4,337 5, 433

1,152 1, 914 3,064 2, 763 2,103 2,854

32,659 29,762 37.382 30,177 24,465 28,770

15,705 21,163 28,626 28,635 22,659 25,069

1, 241 1,646 1,1\73 1, 446 1,076

789

557 532 410 324 221 319

FOOD AND DUUGS

F'ood: Wheat (incl. fiour and other prod-

ucts) 19.12-53 crop year (July-Jnne) __ 1953-54 __ -- --------------------1954-55 ____________ -------------1955-56 __ ----------------------1956-57-----------------------

Rice 1952-53 crop year (A ugmt--

July) 1953-54 __ ----------------------1954-55 __ ----------------------19.'\&-.'\6 __ --------------------1956-57---------------------

Soybeans (incl. products)

Drugs:

19!\2-53 crop year (Oct.-Sept.) 1953-54 •. ------------------" ---1954-55 __ - --------------------195.5-56.---------------------1956-57---------------------

I-'enici11in 1953 _________________________ _

1954_ ----------------------1955 _________________________ _ 1956 ______ -------------------195fl, Janumy-September __ 1957, January-September

Streptornycin 1953 ___________________ _ 1954 _______________________ _ 1955 _______________________ _ !9i>6 _______________________ _ 1956, January-September __ _ 1957, January-September__

Dihydrostreptomycin 1953 ___________________ _ 1954 ______ __ 1955_ --------.----------1956_----195G, J anuary-Septern bC'r. _ _ 1957, January-September _____ _

::\HI. bu. (wheat <•quinlent)

Thous. cwt. (rough rice equin\ent)

:\fil. bu. (soy­bean equiva­lent)

Tril. internat. unit:;

l\1il. grams

1\f il. grams

1,306 1, 173

984 93.1 997

'656 '629 • 607 • 597 • 580

296 212 271 336 542

48, 271 '24, 412 24, 772

52,918 525,311 22,291 64, 248 5 27, 978 14, 221 .o5, 969 5 29, 079 18, 462 47,441 '27, 037 37.333

299 2G9 341 374 45()

372 477 344 452 337 417

55 64 70 73 55 73

1G4 202 168 219 165 168

'25.> '23-3 '251 '238 '269

269 353 228 313 228 328

44 42 44 52 36 47

102 122 76

141 108 89

43 49 78

136 178

103 124 116 139 109 89

11 22 26 21 19 26

62 80 92 78 57 79

________ F_I_N_I_S_H_E __ D (NONFOOD) CONSUMER GOODS

Pa..<isenl!er cars 1953 ______________________________ _

1954. ------------------ ------------" 195.1_- -----------------------------195() ______________________________ _ 1951\, January-September_ ________ _ !9.17, January-September_

n. a. Not available.

Thous. 116, ll:l 5, 557

7, 915 5,817 4, 270 4,683

5, 954 5,385 7, 718 5, 732 4,200 4, 753

1. Production where available, otherwise manufacturers' shipments or sales.

!59 172 197 85 70

6 70

0.2 2.4 6.1 7.5 7.4 9.5

1.5 3. I 3.8 3.4 3.ti 4.8

81.1 83.8 92.1 82.5 85.9 98.5

60.4 86.8 84.3 70.1 74.5

108.5

29.2 38.9 34.4 26.5 26.1 21.3

5.2 5.1 3.8 3.0 2.7 4.2

45.1 33.7 44.6 56.2 93.4

101.5

88.1 50.8 63.5

138. l

17.0 21.() 31.1 57.1 66.2

38.3 35.1 50.9 44.4 47.7 27.2

25.9 52.8 57.2 4!.6 52.5 54.8

60.6 65.7

121.1 55.5 52.6 89.2

(6)

2. 7 3.2 2.6 1.5 !.{

2. Unless otherwise noted, production or sales less exports plus imports unless imports are negligible.

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

Business Economics. 13

14 SURVEY OF CURRENT BUSINESS January 1958

During the first half of 1957 the pressure of rising foreign and domestic demand on available domestic resources of iron and steel scrap had become sufficiently intense to warrant a tightening of export licensing and the making of voluntary agreements with European countries and Japan which limited the increases in their imports of heavy melting grades of scrap from the United States during 1957. In more recent months, as lagging domestic demand and more abundant scrap supplies have pushed prices downward, continued high foreign demand has prevented scrap quota­tions from deteriorating further.

In January-September 1957 exports of manufactured steel products rose by 1 million tons as compared with the same period last year while corresponding imports increased by only 270 thousand tons. During the third quarter, the ratio of net exports of steel products to domestic sales climbed to over 6 percent, the highest in recent years. Whereas for many years prior to the fourth quarter of 1956 the industry had been a heavy net importer of pig iron, in the year ended September 1957 it became a net exporter to the tune of nearly 670 thousand tons.

Some chemical exports top domestic sales

In the case of some chemical pesticides such as DDT and copper sulphate, and one of the new antibiotics, dihydro­streptomycin, export sales have become nearly as large or larger than domestic sales (see table 3). Notwithstanding the outstanding advances in domestic use of such important chemical products as plastic and resin materials and ethylene glycol (used mainly for anti-freeze), exports have increased even faster than domestic consumption.

As late as 1954 in the case of ammonium sulfate, and 1955 for potash this country had been a net importer. As do­mestic pr~duction of these fertilizer materials has since greatly expanded, our exports have far overshadowed im­ports.

During 1957 sulfur production and prices were affected by a contraction in exports as well as in domestic demand, yet it should be noted that at least part of the drop in domestic output as compared with the :v:ear be~ore can be attrib.uted to the increased low-cost supphes available from American­owned producing facilities in Mexic?· In a similar man!ler, the expanding development abroad m recent years of Umted States producing facilities in the field of drugs and medicinals has blunted the rise in direct United States exports of such items.

Export markets for basic foodstuffs

In contrast to domestic use of wheat which declined steadily during the past 4 seasons, exports moved continu­ously upward over the same period. Whereas do~estic con­sumption of rice in 1956-57 was also off s.ubstant1~lly fro!ll the previous year, exports w~re over tw1~e as h1gh as m 1955-56 and exceeded domestic consumptiOn by over one­third. The bulk of the large successive annual increases in soybean production since 1953-54 has moved into export channels with exports from the record crop of 1956-57 aggregating nearly two-thirds as large as corresponding do­mestic marketings.

Imports at Record With Moderate 1957 Gain

Merchandise imports climbed to a new record annual rate of about $13.3 billion in the second half of 1957 on a season­ally adjusted basis around 3 percent higher than the same haif of. 1956. In the first half of 1957 total imports were 1 percent higher than in the first half of the previous year.

Such moderate gains in imports during 1957 followed the sharp annual advances of 11 percent in the overall value of imports occurring in both 1955 and 1956. During 1955 and 1956 imports had been sharply up in terms of constant as well as current dollars, but in January-8eptember 1957 the volume of imports was about the same as a year earlier.

Varied behavior of imports

While the behavior of total imports over this period may be very broadly associated with the overall movement of national economic activity, a more significant analysis caj be made by comparing the responses of imports in variou§ major end-use categories to changes in related indicators of domestic demand (see table 4).

As might be expected from their greater sensitivity to business conditions than other types of goods, industrial materials imports displayed the widest fluctuations in value from 1953-56. After dipping by over 11 percent from 1953 to 1954 such imports had climbed by 20 and 12 percent in 1955 and 1956, respectively. Since 1956, however, our aggregate imports of industrial materials have been relatively stable. Their value in the first 9 months of 1957 amounted to about $7.2 billion at an annual rate, the same as in ,January-8eptember 1956.

By way of contrast imports of food and beverages, which from the standpoint of dollar value comprise the next impor­tant category of imports, have exhibited a considerably different pattern since 1953, rising in one year and declining in the next. In the case of foodstuffs the volume of imports has consistently moved in a direction opposite from that of prices, with a consequent smoothing out of fluctuations in terms of dollar values. In the case of raw materials imports-which as a group are less elastic than food import..q with respect to price changes-both volume and prices hav~ tended to move up and down together thus accentuating fluctuations in dollars. January-8eptember 1957 stands out as the only period since 1953 during which changes in the price and volume of raw materials imports were offsetting, a~d even in that period the changes involved were relatively mmor.

Since 1954, fluctuations in imports of materials and equip­ment used in or otherwise associated with farm output have accounted for only an insignificant portion of the changes in total imports. While the 3-year downswing in this category of imports was reversed in January-8eptember 1957, such imports were still below the rate of 1953.

The distinct uptrend throughout most of this period in imports of finished (nonfood) consumer goods and nonfarm capital equipment contrasts with the irregular behavior of imports in the three categories discussed above. Imports of nonfood consumer goods in 1957 were at an annual rate approaching $1.5 billion, having nearly doubled since 1953. During the third quarter of 1957 such items accounted for 13 percent of our total merchandise imports as compared with 10 percent a year earlier and about 7~ percent in 1953. ,

The 3-year rise in imports of capital equipment (excludin~ agricultural machinery) brought their total value for 1957 well over double the value in 1953. Nevertheless, capital equipment imports comprise-d only about 2.5 percent of total imports in 1957.

Diverse trends in these five major end-use categories of imports illustrate the problems involved in generalizing about total United States import demand and point up the necessity of considering such differential movements of the major parts. It will be made clear in the discussion below and with the aid of table 4, moreover, that the behavior of individual economic categories of imports can be explained only partially by corresponding movements in closely associated indicators of domestic demand.

January 1958 SURVEY OF CURRENT BUSINESS 15

Imports and manufacturing output

Table 4 shows that from 1953-56 the overall demand for imports of industrial supplies and materials moved in the same direction as total domestic manufacturing activity, with year-to-year fluctuations in the volume of imports relatively greater than corresponding changes in manufac­turing output. In January-September 1957, however, the volume of imports of industrial materials actually was off slightly from a year earlier while manufacturing production was up by 2 percent.

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

into major value components. Imports compnsmg each of the four major subgroups are associated with individual indicators of domestic demand which have generally dis­played patterns quite different than that traced by total manufacturing production over this period. Imports of numerous leading industrial materials, moreover, have been influenced to a major extent by changes in Government stockpile purchases as well as in business demand. In addition to such changes in demand, shifts in the relative importance of imports and domestic production as sources of supply have also accounted for many of the recent changes in imports of key materials.

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

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

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

Calendar year

1953 I954

Import categories and domestic demand Indicators

Million Million current current dollars dollars

Total General Imports.--------------------------------------------------------__ 10,873 10,215 Unit value·------------------------------------------------------------------- ---------- ----------Value in constant dollars.---------------------------------------------------- __________ ----------

Domestic indicators: Gross national product in constant dollars ____________ ---------- ____ _________ ------- __ Gross national product in current dollars ___________________________ ------------------

Imports of industrial supplies and materials, totaL______________________________ 6, 047 5, 368 Unit value ____ ---------------------- _________ ----------------------------____ _ __________________ _ Value In constant dollars----------------------------------------------------- ---------- ----------

Dome•tic indicator: F. R. B. manufacturing production, total. _____________________________________ __________ ----------

Imports of petroleum and products--------------------------------------- 762 829 Unit value _____ ----------- __ ------------------------ ___ ------- __________________________ _ Volume In million barrels _____________________________________________ ---------- ----------

Domestic indicator: Domestic petroleum demand.------------------------------------------ __ -------- ----------

Imports of newsprint and paper base stocks______________________________ 896 884 Unit value __ --------------------------------------------------------_ ---------- ----------Value In constant dollars·-------------------------------------------- __________ ----------

Domestic indicator: Disposable personal income in constant dollars _________________________ ---------- ----------

Imports of other materials associated with nondurable goods output._____ 1, 238 1, 019 Unit value. __ -------------------------------------------------------- ---------- ----------Value In constant dollars--------------------------------------------- ---------- ----------

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

Imports of all other Industrial supplies and materials_-------------------- 3, 15I 2, 636 Unit value. ________ -------------------------------------------------- ---------- ----------Value in constant dollars _____________________________________________ ---------- ----------

Domestic indicators: F. R. B. durable goods production _____________________________________ --------------------Prit~ate residential construction (volume)------------------------------- ---------- ----------

Imports of food, beverages and medicinals________________________________________ 3, 19I 3, 275 Unit value _____ -------------------------------------------------------------- ---------- ----------Value in constant dollars. _________ ------------------------------------------- ---------- ----------Per capita imports: in current dollars __ -------------------------------------- ---------- ----------

in constant dollars._------------------------------------- ---------- ----------Domestic indicator:

Percent changes

from 1953

-6 +3 -9

-1 -1

-11 -2 -9

-7

+9 +6 +2

+2

-I (x)

-2

+1

-18 +2

-19

-7

-16 -6

-11

-10 +12

+3 +7 -4 +I -6

Per capita consumption of all foodstuffs (volume)_------------------------------ ---------- ---------- 0

Imports of materials and equipment associated with farm production_____________ 499 435 Unit value __ ----------------------------------------------------------------- ---------- ----------Value in constant dollars _____________________________________________________ ---------- ----------

Domestic indicator: Gross farm production __________ ------------------------------------------- ____ ___ ------- ----------

Imports of finished (nonfood) consumer goods __ ---------------------------------- 817 844 Domestic indicator:

Disposable personal income in current dollars·---------------------------------- ---------- ----------

Imports of capital equipment (excluding agricultural machinery)-----------------

Imports of military equipment, noncommercial and all other items ______________ _

n. a. Not available. (x) Less than one-half of I percent. 1. Annual change, preliminary.

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

152

167

144

149

-13 -2

-11

0

+3

+2

-5

-11

1955

Million current dollars

11,384

6,454

1,034

932

1, 200

3,288

3,092

4I9

1,078

172

169

Percent changes

from 1954

+11 -I

+12

+7 +9

+20 +6

+I3

+10

+25 +2

+20

+9

+5 (x)

+5

+6 +18 -3

+21

+9

+25 +13 +10

+13 +18

-6 -9 +4 -7 +2

+t

-4 (x)

-4

+4

+28

+6

+19

+13

January-September

1956 1956 1957

Percent Million Percent Million Million changes current changes current current from dollars from dollars dollars January-

1955 September 1956

I2, 6I5 +11 9,447 9,639 +2 +2 ---------- ---------- +2 +9 ---------- ---------- (x)

+3 --------- --------- n.a. +6 --------- --------- +5

7, 234 +12 5,392 5,397 (X) +4 ---------- ---------- +1 +8 ---------- ---------- -1

+3 ---------- ---------- +2

1, 282 +24 949 1,148 +21 +7 ---------- ---------- +I3

+14 ---------- ---------- +I2

+4 ---------- ---------- (X)

1,031 +11 765 729 -5 +4 ---------- ---------- +I +7 ---------- ---------- -6

+5 ---------- ---------- n. a.

1,247 +4 960 929 -3 -4 ---------- ------·--- +3 +8 ---------- ---------- -6

-1 ----------

~~~~~~~~~~~ -2

3,674 +12 2, 718 -5 +6 -5 +6 ---------- ----------1 (x)

+S ------- ... -- +3 -10 -10

3,173 +3 2,474 2,363 -5 -3 ---------- ---------- +6 +6 ---------- ---------- -10 +1 ---------- ---------- -6 +4 ---------- ---------- -11

+1 ---------- ---------- l-J

413 -1 322 345 +7 -2 ---------- ---------- +2 +1 ---------- ---------- +5

0 ---------- ---------- 10

1,274 +18 893 1,105 +24

+6 ---------- ---------- +5

291 +69 205 240

I +li

230 +36 161 189 '

+1i

16 SURVEY OF CURRENT BUSINESS January 1958

owned producing facilities abroad, have far overshadowed the corresponding increases in imports of other types of industrial materials. Oil imports reached a value of approxi­mately $1.5 billion in 1957, having accounted for over one­fifth of all imports of industrial materials during that year.

The accompanying chart shows that although in 1955 and 1956 increased domestic output of oil added a far larger absolute increment to our petroleum supply than imports, imports still accounted for a rising proportion of total new supply in those years. It is true that the rise in oil imports during the first half of 1957 as compared with January-June 1956 was overshadowed by the corresponding increase in exports to offset foreign importers' loss of petroleum sup­plies from the east. In the third quarter of 1957, however, when such emergency e:x-ports had virtually disappeared, the volume of imports was nearly 19 percent above, and domestic production 3 percent below the corresponding figures the year before.

At the end of July 1957 quotas for the fiscal year 1957-58 were recommended for all imports of crude oil except those arriving on the west coast. In December 1957 quota recom­mendations were extended to include the west coast. Total crude oil imports provided under these quotas during Jan­uary-June 1958 would still be 8 percent above the rate in the first half of 1957.

Relation of Foreign Trade to Domestic Business Petroleum and Newsprint account for one-third of total industrial materials imports

PETROLEUM: Imports provided a larger share of demand

Imports

"II DOMESTIC

PRODUCTION

PETROLEUM Billion Barrels

Exports

ill DOMESTIC

CONSUMPTION t

NEWSPRINT: Imports furnished a smaller share of demand

1953 54 55 56 57"

NEWSPRINT Million

Short Tons

8

1953 54 55 56

t For petroleum, domestic consumpt1on represents domestic demand

*Annual rote based upon first 9 months

57"

Bo~ac data, Census Bur, Bur. of Mines 8 BDSA

U. S. Department of Commerce, Office of Business Economics 58 -1·7

Relation of Foreign Trade to Domestic Business

APPAREL WOOL: Lowered consumption and changes in domestic support programs reduced imports

Imports

APPAREL WOOL Million Pounds

(clean content)

Ill DOMESTIC

CONSUMPTION

1953 54 55 56 1953 54 55 56

* Annual rate based upon first 9 months

Basic Data: Census Bur. and Agrl. Dept

U. S. Deportment of Commerce, Office of Business Economic~ sa -1-e

The supply-demand picture for newsprint depicts a devel­opment contrary to that occurring in the case of petroleum. Although the supply of imports was expanded during 1955 and 1956 in response to our growing consumption of news­print in those years, domestic production increased at a much faster rate than imports. In 1957, as domestic con­sumption dipped slightly below the rate of 1956, imports fell off for the first time since 1953, in contrast to domestic production which chalked up a further annual gain of about 14 percent.

Imports associated with soft goods output

The next major group of imported industrial materials shown in table 4 consists mainly of supplies used in the manufacture of finished textiles and leather goods. It is apparent that since 1953 fluctuations in this group of imports, as expressed in terms of constant dollars, can be accounted for only to a limited extent by corresponding changes in output of related domestic manufacturing industries. The rise in such imports which had begun in 1955 was not inter­rupted until 1957 although the index of domestic textile and leather manufacturing had turned downward a year earlier.

In order to explain these contrasting movements it is necessnry to examine separately the movement of the two major types of imports within this group. The first type consists mainly of semifinished textiles while the second compris('s unmanufactur('d fibers and other crude materials such as hides and skins.

The bulk of the decline in imports from 1953 to 1954 was accounted for by crude materials, particularly unmanufac­tured wool, cotton, and hides and skins. In 1955 and 1956, hides and skins remained well below the 1953 rate and imports of raw fibers made only scattered and limited recoveries, but imports of semifinished textiles such as cotton and wool cloth established new records. The out­standing advances in imports of semifinished textiles during 1955 and 1956, together with the major gains over the same period in imports of apparel, house furnishings, and other finished textiles and leather products (which are included in the category of nonfood consumer goods and shown separately in table 5) suggest that imports have had a

January 1H58 SURVEY OF CURRENT BUSINESS 17

~n·at('l' influence on related manufacturing output than such output has exerted on imports.

This was, in effect, recognized when an executive order was issued on September 30, 1956, increasing by 20 percent ad valorum duties on imports of wool fabrics which in any <!alendar year exceed 5 percent of annual domestic produc­t.ion in the preceding 3-year period. In the last part of 1957, such imports fell off substantially as increased import duties under the order became effective at the end of July. An agreement with Japan whereby, beginning January 1, 1957, Japan agreed to place annual ceilings on exports of various types of cotton cloth to the United States, has since e~fectively reduced imports of cotton textiles, particularly gmghams and velveteens.

Increased use of domestic vs. foreign wool

Since the decline in 1954, imports of apparel wool have consistently been less than in 1953 and during 1957 fell to their lowest rate since 1939. While the ups and downs in such wool imports since 1953 have coincided with similar movPments in domestic consumption, imports in each year from 1954-57 were much lower than their ratio to consump­tion in 1953 (see chart).

Since the passage of the National Wool Act of 1954 which removed wool from the price support program and substi­tuted incentive payments to domestic wool producers, the entire domestic wool clip has moved into marketing channels. In the 2 seasons prior to the effectivP date of this act (April1, 195.'5) a large portion of the domestic clip, which carried a priet' tag higher than comparable foreign wools, had moved into Government inventories. During the 3 subsequent Y('ars, not only has the entire domestic output of wool been sold on the open markl't at prices reflecting world supply and demand, but Government holdings acquired in 1952-.54 havP lwen substantially liquidated through competitive bid sah•s. Hence, although domestic wool production has even declined slightly since the act beeame effective, consumption of domestic wool rose sharply in 1955 and 1956 and in the first half of 1957 was maintained at the high rate of January­June 1956.

As Government inventories are now exhausted and private holdings have become exceedingly low, it appears that larger imports will be required, even though the present rate of consumption, affected as it is by the growing usage of syntlwtic fibers, is the lowest since 1938.

Sinee the entire United States supply of carpet wool comes from foreign sources, changes in imports are more closely linked to trends in consumption. The drop in imports during the first half of 1957 as compared with January-Jmw I 956, however, was much greater than the corresponding dt'elirw in consumption as rising prices induced consumPrs to draw upon inventories to mPet demand.

Imports associated with hardgoods output

Commodities used in the production of durable goods and in residential construction comprised about half of the total imports of industrial materials. While in each of the years I 9.5:)-56 the volume of imports moved in the same direction as the index of domestic durable goods production, the annual changes in imports since 1954 only roughly paralleled the movements in such associated manufacturing output. In the first 9 months of 1957 imports were about the same as a yt>ar earlier. Production of durable goods increased by 3 p('L'cent over 1956 but rPsidential construction was off by 9 p('rcent.

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

4GO!I46 • -58--3

Relation of Foreign Trade to Domestic Business

ALUMINUM and COPPER: Imports furnished a smaller share of demand ALUMINUM

Million Short Tons

COPPER Million

Short Tons . 2.0

1.5

1.0

.5

IRON ORE: Imports spurted ahead

LEAD: Imports higher

1953 54 55 56 57*

IRON ORE Million

Long Tons

2.00

i50

'100

LEAD Million

Short Tons

* Annuol·rote based upon first 9 months

U. S._qepart~ent of Commerce, Offke of Business Economics

Basic cloto: Census Bur. and Bur. of Mines

~8-1-9

18 SURVEY OF CURRENT BUSINESS January 19ri

Relation of Foreign Trade to Domestic Business

RUBBER: Imports did not share in rising demand

Imports

195~ 54 55 56

RUBBER ThouSand Long Tons

- ,2;00CV-

- 1'500 . '

* Annual rate based upon first 9 months

Exports

DOMESTIC CONSUMPTION

1953 54 55 56 57*

6osie data: Census. Bur ond BOSA

U. S. Deportrrwent of Commerce, Office of Susineu Economics 58-1-10

domestic industries are revealed in the accompanying charts for metals, rubber, and lumber, which are among the promi­nent individual items comprising this category.

Whereas domestic demand for aluminum was up more than a fourth in 1956 as compared to 1953, imports during 1956 were down by at least one-fourth from the rate of 1953 (see chart). Over the relatively brief period from 1953-56, annual domestic production of aluminum expanded by over 440 thousand tons, an amount about equal to the corre­sponding increase in domestic consumption.

While the downtrend in aluminum imports was temporarily interrupted in the first half of 1957 it was resumed in the following months as domestic aluminum companies, which are major importers as well as producers of aluminum, cur­tailed their import purchases. The Government, which in 1957 began purchasing surplus aluminum from domestic pro­ducers in accordance with earlier agreements, later in the year announced that its purchases would henceforth be re­duced by any amount of aluminum which these producers obtained from abroad.

Whereas from 1953 to 1956 our output of copper expanded by 230,000 tons, domestic use of copper rose by only one­fourth this amount. In contrast to copper imports which since their decline in 1954 have not regained the 1953 rate, the current pace of exports is well over 3 times as much as in 1953. The trend toward reduced dependence on copper im­ports was particularly apparent during the first 9 months of 1957. In response to the decline in domestic consumption which occurred during that period, domestic production was maintained only slightly below the record rate of 1956, while net imports fell by nearly two-thirds as compared with a year earlier.

Producers' inventories of copper at the end of August 1957 reached the highest point since the end of 1945 and prices have toppled to 46 percent below the 92-ycar high set in th<' first part of 1956.

Competition between synthetic, natural rubber

Whereas in 1953 and 1954, respectively, natural rubber had accounted for 41 and 48 percent of this country's total con­sumption of new rubber, in 1957 its share had slipped to less than three-eighths of the total.

In 1956, the first full calendar year during which tlw sy11 thetic plants were operated by private business, consumptio: of natural rubber fell off by about 70,000 tons from a yea earlier while consumption of synthetic was maintained nea the record rate of 1955 and exports were stepped up by nearl: 60,000 tons. In January-September 1957 consumption o natural was relatively stable while the increase in total rubbe usage was accounted for entirely by greater consumptim of synthetic. In 1957 both production and exports of syn thetic promised to exceed the records set in the precedin1 vear. · At its peak in September 1955, the spot price of natura rubber, after a climb of 19 months, was nearly twice that o the synthetic product. Prices for natural rubber subsequent!} turned down and continued to weaken throughout most o: 1957, but the price advantagt• has continued on the side ol synthetic rubber.

Lumber hit by housing slump

As home-building activity eased off in 1956, the dip in net imports of lumber was relatively somewhat smaller than the corresponding cutback in domestic production. During Jan­uary-September 1957, however, net imports of lumber fell off by nearly one-fourth as compared with a year earlier while the corresponding dip in domestic lumbering activity amounted to about 10 percent. Nevertheless, lumber im­ports continued to be far greater in value than all other building materials combined.

As evident from the chart, the recent behavior of imports

Relation of Foreign Trade to Domestic Business

LUMBER: Imports followed trend of domestic construction

Imports

DOMESTIC PRODUCTION

LUMBER Billion

Board Feet

Exports

ill DOMESTIC

CONSUMPTION

PLYWOOD: Strong uptrend in hardwood imports

HARDWOOD PLYWOOD Billion

Square Feet

3

1953 54 55 56 57* 1953 54 55 56 57*

* Annual rote based upon first 9 months

Sosic doto: Census Sur ond BDSA

U. $. Deportment of Commerce, Office of Bv~ineH Economin 58-1· II

January 1958 SURVEY OF CURRENT BUSINESS 19

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

Rising arrivals of iron ore from abroad

The large expansion in imports of iron ore relative to total new supply contrasts sharply with our declining reliance on imports of aluminum, copper, and rubber (see chart). Where­as in 1953 the contribution of imports to our total supply of iron ore had amounted to 9 percent, by 1956 the share of im­ports in new supply had jumped to nearly 25 percent. Since in 1957 imports expanded at a somewhat lesser rate than in the preceding year, while corresponding domestic produc­tion-unhampered by strikes in the steel industry-rose sharply, the share of imports in new supply declined moder­ately from 1956.

It has been estimated, however, that by 1975, notwith­standing the large-scale recent exploitation of taconite de­posits in the Lake Superior region, over 40 percent of the Nation's iron ore requirements will be supplied by receipts from foreign mines-mainly in Canada and Venezuela where American-owned companies have developed vast new sources of high-grade supplies.

Import share of lead and zinc supply rises

In 1957 when imports of both lead and zinc were substan­tially increased, notwithstanding the lower rate of consump­tion than in 1956, the share of imports in our total supply became appreciably higher than during a year earlier, especially since domestic output had been cut back around the middle of the year. Since 1956, increased Government purchases have taken up excess supplies of lead, thus heading off an accumulation in privately held inventories. Although deliveries of zinc to Government inventories were also stepped up over the same period, commercial zinc stocks rose signifi­cantly and prices dropped sharply after April.

Government stockpiling affects other items

While most other major commodities comprising the re­maining segment of our raw materials imports are not pro­duced domestically, imports of such items have been affected to a large extent by Government stockpiling policies and other factors aside from the current rate of consumption.

The volume of tin imports in January-September 1957 was 20 percent lower than during a year earlier and about 45 percent lrss than in 195~L Not only had tin ore disappeared entirely from the import picture since the sale by the Gov­ernment of the Texas City smelter in January 1957, but tin metal imports had been gradually reduced due to the cur­tailment, and finally the completion in 1956, of Government stockpiling purchases.

The inverse relationship between changes in imports of manganese and movements in domestic steel production during the past :3 years can also be explained to a large extent by changes in Government stockpile purchases. In the case of chrome ore, the alltime record for imports set in 1953 has since been unequaled as Government purchases in more recent years have been less than one-half as large as in 1953.

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

CoHee and Cocoa Account for Nearly Half of Our Foodstuff Imports

Demand influenced by changes in prices

Million Pounds (bean equivalent)

4,000

3,200

2,400

1,600

800

0

1953 1954 1955 1956 ANNUAL TOTALS

*Annual rote based upon first 9 months

Basic doto1 Census Bur, Agri. Dept, ond BOSA

U. S. Deportment of Commerce, Office of Business Economics 58- I - 12

domestic industry has announced a program to produce :3.5 million carats of synthetic diamonds by the end of 1958. This quantity is equivalent to 25 percent of the annual rate of imports during the first 9 months of 1957.

The rise in nickel imports during 1957 was due mainly to a reversal in the previously tight supply situation. As production expanded in nearby Canadian and Cuban sources, the Government suspended its purchases after the third quarter of 1956. Industrial consumers have since increased their imports more rapidly than their current requirements with the result that privately held inventories of nickel on October 31, 1957, were three times as much as on the same date a year earlier.

Decline in per capita food imports

The volume of food imports set a new record in 1956, exceeding by 5 percent the previous alltime high in 1953. In January-September 1957 such imports fell back near the rate of 1954, having declined by over 9 percent from a year earlier (see table 4). On a per capita basis the quantity of food imports in January-September 1957 was the lowest since 1942. The decline in per capita food imports over this period contrasts with the trend in domestic per capita con­sumption of all foodstuffs combined. While the latter had

20 SURVEY OF CURRENT BUSINESS January 195~

Table 5.-lmports of Finished (Nonfood) Consumer Goods

Value in million dollars Percent

Commodity Annual

1953 I 1954 I 195.1

i Total Finished (Nonfood) Consumer Goods _____________ 817 844 t,o1s 1

Apparel and other textile and leather goods. ___ --------------- 171 167 242 Automobiles and parts. ____________________________ ----------- 52 52 83 Gem diamonds ___________________________ ----- __ ... ··--------- 108 123 152 Other jewelry and watches .................................... 125 109 117 Pottery and glassware .... _______________________ . _____ -------- 41 47 57 Toys, athletic and sporting goods. ____ ------------------------ 17 20 28 Cutlery, hand tools, and other steel products .................. 19 26 32 Photographic goods __ . __________________________ ----------- ___ 25 20 27 Bicycles and other vehicles (excludinF: aircraft)---------------- 27 36 44 Artworks ______________________ ------- ____ . ____________________ 22 27 42 flewtng machtnes and parts .. _______________ .... _______________ 25 23 31 Radio-phonos, electrical appliances, lamps __________ .... ______ 5 6 7 Other and miscellaneous._------------------------------------ 180 188 216

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

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

The volume of imports of a few food items such as fish and products and alcoholic beverages experienced a steady rise since 1953, variations in sugar arrivals have been rela­tively minor, but coffee and cocoa have displayed large and irregular fluctuations.

Coffee and cocoa sensitive to price changes

·with the recoven· in coffee use which followed the break in prices after the rniddle of 19M, imports rose considerably faster than consumption so that b.Y the end of 1956 innn­tories had been rebuilt to about as high a point as at tlw close of 1953. In 1957 coffee consumption rose to the high­est rate since 1949 but imports in .January-September 1 9.'57 W<'l'P one-eighth less than the rate of a year earlier. The consequent reduction in stocks brought domestic holdings at t1w end of Oct.ober 1907 to the lowest point since St'p­tembcr 1955.

During most of 1957 the dt'dinc in spot prices for Brazilian and Colombian coffee had providPd a strong inducement for roasters to postpone purchases and draw down iuventori('S. ThP situation has recentl,\' dwngNl, even though the outlook is still for a world surplus of coffee relative to consumption. The carryover in producing countries at the end of the 1957-58 crop year is C'xpectecl to be the largPst since 1946-47. Yet coffee prices have strengthened considerably since the signing of the Mexico City Coffee Agreement on October 18.

While the total volume of coffee consumption in 1957 P:\.ceeded the high rate of 195::\, per capita usage of coffee in 1957 was considerablY lower than in 1953. The decline in per capita consumption since 1 953 reflects the rising portion of total green beans processed into instant coffee, which has increased from 10 to 17 percent. Such soluble products provide 15 percent more liquid coffee than can be brewed from the same quantity of regular coffee. :Moreover, from each pound of regular coffee, one-third more cups are ('urrently being extracted than in 1949.

Reflecting a continuous downtrend since the latter part of 1954, cocoa prices in 19i)6 avpraged the lowest since 1949 while consumption rose to a rate exceeded only in 19.50. ~ince during the first 3 quarters of 1957 import unit values remained relatively low, consumption has continued on the upgrade and may establish a new record for the year. Nevertheless, imports in 1957 were 7 percent lower than a year earlier. Encouraged by the near doubling of spot cocoa prices since .March 1957, cocoa processors in the sec­ond quarter finally began to dip into heavy inventories ac­cumulated during 1953-56.

January-September Annual January-8eptembe1

1956 1956 I 1957 1953 I 1954 I 1955 1956 1956 I 1957

I, 2741 I

100.0 I 893 I, 106 100.0 100.0 100.0 I 100.0 100. (

289 209 223 20.9 19.8 22.4 22.61 23.4 20.1 141 94 222 6. 4 6. 2 7. 7 11. I 10.5 20.1 162 117 106 13.2 14.6 14. 1 12.7 13. 1 9.! 129 85 95 15. 3 12.9 10.9 10.1 9. 5 8.(

71 49 54 5.0 5. 5 5. 3 5. 6 5. 5 4.1 39 29 34 2.1 2. 4 2. 6 3.1 3.3 3.! 39 28 33 2. 3 3. I 3.0 3.1 3. 1 3.r. 33 24 31 3.1 2.4 2. 5 2. 6 2. 7 2. E 44 32 30 3.3 4. 3 4. 1 3. 5 3. 6 2. i 36 24 30 2. 7 3.2 3. 9 2. 8 2. 7 2. i

r~ I 24 25 3. 1 2. 7 2. 9 2. 6 2. 7 2. 3 8 17 .6 . 7 .6 1.0 . 9 1.5

245 170 206 22.0 22.2 20.0 19.21 19.0 18.6

Auto imports nsmg

The more rapid rise in imports of finished nonfood con­sumer goods than in disposable personal income in recent years can be attributed primarily to the growing popularity of foreign-type passenger cars, particularly among consumers desiring distinctive but low-priced vehicles.

Table 5 shows that although other items such as apparel. textile and leather goods, pottery and glassware and toys contributed substantially to the strong uptrend in total consumer goods imports, automobiles showed the outstanding gains particularly in 1956 and 1957. Total arrivals of foreign cars in January-September 1957 were at a rat(• well over double that of a vear earlier and five times the ratP in 195:3-54. Such imports, nevertheless, continued to account for a relativelv small portion of the domestic auto-mobile market. ·

Growth in Operating Business Concerns (Continued from page 6)

typical proportion for retailing which is the only major indust1·y division where a new proprietor is more apt to acquire his business by transfer than by starting a new establishment.

Industrial and commet·cial failures-as compiled by Dun and Bradstreet, Inc., and representing only those firms dis­continuing business with a likelihood of loss to creditors­continued to rise in number in 1957 but at a rate half that of 1956. The total of 13,739 failures in 1957 was 8 percent higher than in 1956, while the latter year was 16 percent higher than 1955.

Although the failure rate has risen slightly in recent years, the current rate of 52 per 10,000 concerns listed in the Dur and Bradstreet Reference Book is considerablv below the rates of other high level activity years in the immediate prewar period and in the tvventies. The comparable rate in 1940 was 66, while the typical rate in the twenties was about 100 per 10,000 firms.

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

BUSINESS STATISTICS n-------------------------------

THE STATISTICS here are a continuation of the data published in the 1957 edition of BusiNESS STATISTics, biennial Statistical Supplement to the SuRvEY OF CURRENT BusiNEss. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1953. Series added or significantly revised since publication of the 1957 BusiNESS STATISTics are indicated by an asterisk(*) and a dagger (t), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SuRVEY beginning with the July 1957 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal varintion.

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

Unless otherwise stated, statistics through 1956 and I 1956 I descriptive notes are shown in the 1957 edition of :-.;ovem·i Decem- Janu- I Febru-1 BUSINESS STATISTICS

1• ber ber ary ary March I April I May I June I July

1957

I August I Septem-1 October I Novem-1 Decem-ber bcr ber

---------------

GENERAL BUSINESS INDICATORS -----~--~--~-- ----------- -------~~------...---...---...---...---...---...---...---...---...------;-------;-----;----.----,-----

1

NATIONAL INCOME AND PRODUCT

Seasonally adjuRted quarterly totals at annual rates: National income, totaL __________________ biJ. of doL_---------

Coml'ensation of employees, totaL __________ do ____________ _ Wap;es and salaries, totaL _________________ do ____________ _

Private ____________________________ ...... do. ___________ _ :\1 ilitary ------------------------------- .. do. ___________ _ Govt•rnment civilian ____________________ do _____ --------

Supplements to waF:es and salaries. ________ do ____ ---------

Proprietors' and rental income, totalci' ...... do ____________ _ Business and professionalci' ________________ do ____________ _ Farm _____________________________________ .do ____________ _ Rental income of persons _________________ do ____ ---------

Corporate profits and inventory valuation adjust-ment, totaL ________________________ bil. of doL. ________ _

Corporate profits before tax, totaL ________ do ____ ---------Corporate profits tax Jiability ____________ do ____________ _ Corporate profits after tax _______________ do ____ ---------

Inventory valuation adjustment. _________ do ____________ _

Net intcrt~st _______ ------------- ___ ------- ___ do ____ ---------

Gross national product, totaL _________________ do ____ ---------

Personal consumption expenditures, totaL .. do. ___ ---------Durable goods ... -------------------------do ____ ---------Nondurable goods. _______________________ do ____ ---------Services ______________ -------- _____________ do _____ --------

Gross private domestic investment, totaL .. .do ____ ---------7'-J ew construction ___ ------------ __________ do ____ ---------Producers• durable equipment.. ___________ do ____ ---------Change in business inventories ___________ ~do ____ ---------

Net foreign investment_ _____________________ do ____ ---------Government purchases ol goods and services, total

bil. of doL. ~--------Federal (less Government sales) ___________ do ____ ---------

National security? ---------------------~do ___ _ State and locaL ________________________ ~ __ do ___ _

Personal income, totaL ________________________ do ___ _ Less: Personal tax and non tax payments. ____ do.~--Equals: Disposable personal income ___________ do ___ _

Personal saving§_------------------------ _____ do. __ _

PERSONAL INCOME, BY SOURCE

Seasonally adjusted, at annual rates: Total personal incomc ____________________ bll. of doL.

' Wage and salary disbursements, totaL ...... do ____ l

Commodity-producing industries __________ do ___ _ Distributive industries ____________________ do ___ _ Service industries. _________ ----- _________ .do. __ _ Government. _____________________________ do ___ _

Other labor income __________________________ do ___ _ Proprietors' and rental income. _____________ do ___ _ Personal interest income and dividends ..... do ___ _ Transfer payments __________________________ do ___ _ Less personal contributions for social insurance

bil. of doL

Total nonagricultural income __________________ do ....

'Revised.

334.9

233.1 101.2 61.4 31.9 38.6

7. 7 50.7 30.4 18.9

5.9

319.3

353.3

247.9 233.3 194.7

9. 7 28.9 14.6

50.7 28.3 12.0 10.4

42.4 45.6 23.3 22.3

-3.2

12.3

426.0

272.3 34.8

135.3 102.2

68.5 33.4 29.9 5.1

2.4

82.8 49.0 44.2 33.9

334.5 40.5

294.0

21.7

334.8

235.3 102.7 61.6 32.2 38.8

7. 7 liO. 2 28.5 19.0

5.9

319.6

335.9

234.5 101.4 62.0 32.2 38.9

7. 7 li0.2 30.7 19.5

6. 7

320.7

337.9

235.9 102.0 62.4 32.4 39.1

7. 8 liO. 4 30.8 19.7

6. 7

322.7

ci'Includes inventory valuation adjustment. ? Government sales are not deducted.

355.1

251.1 23.\. 9 196.8

9. 6 29.4 15.3

liO. 3 28.4 11.5 10.4

41.2 43.9 22.4 21.5

-2.7

12.5

429.1

276.7 35.9

137.3 103.4

62.7 32.8 30.7 -.8

4.1

85.6 50.3 45.5 35.3

337.7 42.2

295.5

18.9

339.5

237.2 102.3 63.0 32.6 39.3

7.8 liO. 4 30.9 20.0

6.8

324.5

·:::::::: :::::::::1

340.6

237.1 102.4 62.7 32.9 39.1

7. 8 li0.6 31.0 20.8

6. 7

325.3

342.9

238.3 102.4 63.4 33.0 39.5

7.8 li0.8 31.2 21.6

6.8

327.5

358.1

254.0 238.6 199. I

9. 7 29.7 15.4

50.7 28.7 11. 7 10.4

40.7 42.0 21.4 20.5

-1.3

12.7

434.3

278.9 35.0

139.1 104.9

65.0 32.7 30.5

1.7

3. 5

86.9 51.1 46.3 35.8

342.8 42.9

299.9

21.0

344.8

240.1 103.3 63.8 33.2 39.8

7. 9 li0.9 31.2 21.5

6.8

329.3

346.2

240.9 103.0 64.5 33.4 40.0

7.9 51.6 31.4 21.3

6.9

330.5

346.8

241.7 102.8 64.7 33.7 40.5

8.0 51.2 31.6 21.2

6.9

331.3

362.2

2,57. 0 241.3 200.9

9.8 30. f\ 15.7

51.3 29.1 ll. 8 10.4

10.9 41.8 21.3 20.4 -.9

13.0

439.0

283.6 3.5. 0

142.5 106. 1

f\5. 5 33.0 30.5 2.0

3. 2

86.7 50.6 45.8 36.1

346.5 43.5

302.9

19.3

346.6

241.5 102.2 64.8 33.9 40.6

8.0 51.1 31.6 21.2

6. 8

331.3

345.9

240.1 101.3 64.3 34.0 40.5

8.0 50.8 31.7 22.1

6.8

331.0

345.4

'239. 5 '100.9 '64. 2

34.1 40.3

8.0 '50.4

31.7 22.6

6.8

'330.3

342.8

238.8 100.0 64.3 34.2 40.3

8.0 li0.4 29. j 22.7

6. 8

327.3

§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross natiol!al product above.

8-1

S-2 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1956 and I 1956 I 1957 descriptive notes are shown in the 1957 edition of Novem- Decem- Janu- I Febru-1 I I I I BUSINESS STATISTICS

1

ber ber ary ary March April May June July

GENERAL BUSINESS INDICATORs-continued

NEW PLANT AND EQUIPMENT EXPENDITURES

Unadjusted quarterly totals: Allindustries ____________________________ mu. of doL---------

Manufacturing ______________________________ do ____ ---------Durable-goods industries ______ ------- _____ do ____________ _ Nondurable-goods industries ______________ do ____________ _

~afi:~f<is·---~~==::::: :::::::::::::::::::::::: :~~:::: ::: :=: ::: Transportation, other than raiL _____________ do ____ ---------Public utilities. ____ ------------ __ ---------- .do ____________ _ Commercial and other _______________________ do ____________ _

Seasonally adjusted quarterly totals at annual rates: Allindustries ____________________________ bil. of doL---------

Manufacturing ______________________________ do ____________ _ Durable-goods industries _______ ---------_ .do ____________ _ Nondurable-goods industries _______________ do ____ ---------

Mining _______________________ ---- __________ .do. ___________ _ Railroads ___________________________________ .do ____________ _ Transportation, other than rail ______________ do ____ ---------Public utilities _____ -------------------- ___ .. do. ___________ _ Commercial and other_ _____________________ do ____________ _

FARM INCOME AND MARKETINGSt

Cash receipts from farming, including Government payments, totaL ______________________ miJ. of doL.

Farm marketings and CCC loans, totaL ______ do ___ _ Crops _______________________________________ do ___ _ Livestock and products, total'< _____________ do ___ _

~~[1';~~~~~==-----~===========:::::::::::~~: ::: Poultry and eggs __________________________ do. __ _ Indexes of cash receipts from marketings and CCC

loans, unadjusted: All commodit!es _______________________ 1947-49=100 ..

Crops ______________ -------------- _________ - .do. __ _ Livestock and products ______________________ do ___ _

Indexes of volume of farm marketings, unadjusted: All commodities _______________________ l947-49=100 ..

Crops. ________________ ----------- ___________ do. __ _ Livestock and products •• ___________________ do. __ _

INDUSTRIAL PRODUCTION

Federal Reseroe Inder of Phvsical Volume

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

Manufactures---------------------------------do. __ _ Durable manufaQtures ______________________ _do ___ _

p~re:r!_~~~~~~~---~:::::::::::::::::::::::~~:::: Primary nonferrous metals ______________ do ___ _

Metal fabricating (incl. ordnance) _________ do. __ _ Fabricated metal products ______________ do. __ _ Machinery ____ ----------- _______________ do. __ _

Nonelectrical machinery _______________ do. __ _ Electrical machinery--------- __________ do. __ _

Transportation equipment I? ____________ do ..... Autos. ___ ------------------_--- __ ---- .do. __ _ Trucks. _________ ----------- ___________ do. __ _ Aircraft and parts _____________________ do. __ _

Instruments and related products _______ do. __ _ Furniture and fixtures _____________________ do. __ _ Lumber and products ____________________ .do. __ _ Stone, clay, and glass products ____________ do. __ _ Miscellaneous manufactures .. ____________ .do. __ _

Nondurable manufactures ___________________ do. __ _ Food and beverage manufactures __________ do ___ _

Food manufactures I? ____________________ do ___ _ Meat products ________________________ do. __ _ Bakery products. _____________________ do ___ _

Beverages _______________________________ do ___ _ Alcoholic beverages ____________________ do. __ _

Tobacco manufactures _____________ ------- .do. __ _ Textile-mill products I? ____________________ do ___ _

Cotton and synthetic fabrics ____________ do ___ _ Wool textiles ____________________________ do. __ _

Apparel and allied products _______________ do. __ _ Leather and products _____________________ do ___ _ Paper and allied products _________________ do. __ _

Pulp and paper ________________________ .do ___ _

Printing and publishing ___________________ do. __ _ Chemicals and allied products _____________ do ___ _

Industrial chemica)s ____________________ _no ___ _ Petroleum and coal products _____________ .do. __ _

Petroleum refining __________ ----- _______ do. __ _ Rubber products __________________________ do ___ _

' Revised. • Preliminary.

3. 425

3, 335 1, 891 1, 444

355 771 301

137 176 106

158 182 140

147

149 166 146 !59 169

181 138 178 152 227

218 164 102 601 174 122 ll7 161 150

132 117 ll9 148 100 no 109

111 105 109 86

108 100 162 159

144 181 199 143 152 129

9,838

4, 428 2, 339 2,089

346 332 450

1, 452 2,830

36.46

15.81 8. 21 7.60

1. 28 1.23 1. 76 5. 27

11.11

2, 789

2, 749 1, 441 I, 308

367 649 271

113 134 96

127 134 122

144

146 166 142 158 170

183 139 178 158 217

225 177 101 619 175 125 104 !56 145

125 106 108 138 99 98 93

87 99

104 78

101 95

145 142

142 181 199 145 !58 132

2, 615

2, 571 I, 187 1, 384

373 766 215

105 110 102

120 113 126

145

146 164 146 160 170

181 136 175 !58 208

'225 174 98

624 173 118 104 148 136

128 101 104 139 95 90 86

110 101 108 74

113 102 !57 !58

136 184 205 148 160 147

2. 049

2. 018 802

1, 216 352 627 208

83 75 89

97 78

111

148

149 167

'148 160 167

185 138 177 160 210

2.11 178 113 630 174 119 112 151 137

131 103 104 133 96 97 93

114 105 Ill 81

119 115 161 160

139 186 207 145 154 148

8,282

3, 505 1, 759 I. 746

300 342 358

I, 205 2, 572

36.89

16.12 8.09 8.03

I. 35 I. 42 I. 52 5. 72

10. 76

1, 909

1, 880 576

1,304 398 645 229

77 54 96

90 52

118

148

150 166 144 154 166

184 138 177 161 208

228 171 109 633 174 119 ll2 153 139

133 105 104 131 96

no 105

Ill 106 111 79

126 115 163 159

144 186 206 139 149 148

I, 950

I, 928 557

1,371 393 711 231

79 52

101

90 46

123

144

146 163 140 147 175

179 140 169 157 194

222 155 120 630 174 117 117 155 137

128 104 102 123 98

no 102

104 99

103 78

110 106 161 159

143 184 206 137 145 135

2,057

2,036 566

1,470 433 759 232

84 53

108

96 49

132

143

144 159 134 142 171

174 136 166 154 189

. 213 144 113 608 171 ll5 118 158 137

129 107 104 124 99

119 107

ll3 100 106 81

112 98

)58 157

142 184 206 139 148 133

9,590

4,183 2,120 2,063

327 362 478

1, 510 2, 730

37.03

16.25 8.31 7. 94

1.28 1. 35 1.82 5.93

10.40

2,317

2,070 747

1,323 415 654 220

85 69 97

97 70

118

145

146 162 136 140 167

176 139 168 153 197

216 156 119 606 171 118 131 159 139

130 116 111 120 102 137 122

121 100 103 87

109 105 161 155

140 179 200 139 147 132

2,610

2, 441 1,018 1,423

394 776 230

100 95

104

111 97

122

135

136 150 118 128 157

167 134 158 146 182

203 134 103 597 168 ll6 105 150 131

122 ll5 114 ll6 104 121 104

102 83 85 67 96 92

139 132

134 174 194 139 146 ll2

January 1958

I August I Septem-1 October I Novem-1 Decem-ber ber ber

2, 715

2, 579 I, 103 1, 476

381 824 253

106 103 108

116 106 124

145

146 159 128 134 160

173 141 166 143 211

206 148 103 588 172 124 125 163 144

133 122 123 118 103 119 100

120 100 104 82

ll5 112 !65 !57

136 181 200 144 !52 135

9,357

4,010 1, 995 2,015

314 358 447

I, 720 2,508

37.75

16.37 8.23 8.14

1. 24 1.54 1. 81 6.64

10.15

2,954

2, 847 1,364 1,483

365 831 267

ll7 127 109

130 1as 126

145

147 !59 128 134 153

172 144 171 148 217

190 84 84

574 174 125 121 162 150

135 128 131 130 102 116 106

118 101 105 79

no 105 163 153

144 185 205 144 152 139

3,610

3,510 1,804 1, 706

375 1,003

306

144 168 125

167 190 149

145

147 '157

129 134 156

171 141 168

'144 217

'194 88

'92 564 172 124 ll9

'161 148

136 '124

126 140 101 119 U5

119 99

104 71

109 104 170 163

'146 '190

208 '139 '145

145

3,267

3, 205 1, 687 1, 518

363 826 312

131 157 Ill

151 178 130

141

143 !55

'121 126 158

171 '138 '163 '139 •211

'207 171 '99

'536 r 173 '119

106 '153

142

19,805

4, 351 2,173 2, 178

313 329 517

1,843 2,452

I 37.47

16.16 7. 93 8.23

I. 20 1.22 2.03 6.62

10.24

•134

• 135 •148 • 109 • 107

•166 • 133 • 158 • 139 >194

• 201 • 151

p 91 • 539 p 168 •119

p 145 •135

131 p 123 114 116 133 101

97 104 65 ---------

106 ---------

164 156

'145 188 207

'135 144 135

• 142

•136

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

and volume of marketings will be shown later.

January 1958 SURVEY OF CURRENT BUSINESS s-3

~~less- otherwise stated, statistics through 1956 and I 1956 I 1957

descriptive notes are shown in the 1957 edition of Novem-1 Decem- Janu- I Febru-1 I I I I BUSINESS STATISTICS ber ber ary ary March AprU May June July

I A gust I Septem-1 October IN ovem-1 Decem-u ber ber ber

GENERAL BUSINESS INDICATORs-continued

INDUSTRIAL PRODUCTION-Continued Federal Re&erve Index of Physical Volume-Con.

Unadjusted Index-Continued ~1 inerals ...... -----------.----- ... __ • _ .1947--49= 100 .. 130 129 130 131 131 131 132 130 123 130 130 '129 '123 •120 CoaL _______________________________________ do .... 90 83 85 87 88 83 82 88 65 86 86 87 80 •73

Crude oil and natural gas ____________________ do .... 149 155 158 157 156 155 153 145 145 '145 147 '146 '144 • 146 .:>!eta! mining _______________________________ do ____ 114 94 91 98 95 111 135 150 137 139 137 124 . ---- ~--- ---------Stone and earth minerals ____________________ do .... 144 138 128 129 133 137 145 148 I49 154 152 '151 141 ---------Seasonally adjusted, eombtned tndex ____________ do ____ 146 147 146 146 145 143 143 144 144 145 144 141 139 •136

Manufactures ________ •. ------ ...... ----- ...... do ____ 147 149 147 148 147 145 145 146 146 147 146 142 '140 •138 Durable manufactures ....................... do ____ 165 167 164 164 162 160 159 162 161 162 159 154 153 •148

Primary metals ..•. -----------------------do ____ 146 145 '143 143 137 134 132 132 132 136 131 '128 '121 • 111

Metal fabricating (incl. ordnance) _________ do ____ I80 183 180 180 179 176 175 177 177 177 174 '168 '169 •164 Fabricated metal products. ____________ _do ____ 139 141 137 138 137 140 136 139 141 140 140 136 '139 •136 Machinery. _____________________________ do .... 175 177 173 172 172 166 168 171 173 173 170 I62 '161 •157

Nonelectrical machinery _______________ do .... 155 I 57 154 155 155 I 51 152 151 152 152 151 146 '142 •138 Electrical machinery. -----------------do ..•. 214 216 208 204 204 196 199 209 214 213 207 I94 '199 •194

Transportation equipment.. ____________ do .... 216 223 '222 '225 222 217 213 215 210 209 205 •200 '201 • 195 Autos, trucks, and parts _______________ do .... 137 143 139 140 135 126 124 127 I23 127 123 '118 '130 • I23

Instruments and related products .••.... do .... I72 173 173 174 173 172 I71 171 173 175 174 170 '17I • 167 Furniture and fixtures _____________________ do ____ 119 120 118 118 118 121 12I I21 124 I22 121 119 115 •114 Lumber and products _____________________ do ____ 119 117 114 113 UI 113 115 125 114 I20 114 110 108 --------Stone, clay, and glass products ........... Ao .... 157 158 I 55 155 155 155 158 157 155 160 159 '153 '150 •147 Miscellaneous manufactures _______________ do ____ 144 144 140 136 137 140 139 142 141 144 146 '139 '137 •133

Nondurable manufactures ..•••. ______ .... __ .do .. _-~ 129 I30 I31 131 I31 129 I30 130 130 131 132 130 128 •127 Food and beverage manufactures .......... do ____ 114 114 Ill 113 113 110 Ill 112 114 113 113 111 111 --------Food manufactures ______________________ do ____ 113 113 111 113 113 Ill Ill 112 115 113 113 111 110 ---------Beverages _______________________________ do ____ 115 117 113 Ill 115 108 Ill 115 108 112 112 Ill --------- ---------Tobacco manufactures. ____________________ do .... 109 107 112 116 111 109 110 111 114 110 113 I09 --------- ---------Textile-mill products ______________________ do .... 103 103 100 101 101 99 98 100 97 99 101 97 94 ---------Apparel and allied products _______________ do .... I08 no 109 110 111 109 113 113 113 Ill 113 110 104 ---------Leather and products ..................... do ____ 104 102 102 I06 107 106 I02 106 103 I05 103 101 --------- ---------Paper and allied produets _________________ do .... 160 I 57 159 157 157 156 I 58 159 156 163 161 '161 162 ---------Printing and publishing ___________________ do ____ 139 140 141 141 141 141 142 141 140 I40 142 142 '140 •140 Chemicals and allied products ............. do ____ 177 179 184 183 I82 183 185 182 185 186 185 '185 I84 ---------Industrial chemicals _____________________ do ____ 195 I99 205 205 202 204 206 198 205 204 207 206 203 --------Petroleum and eoal products •............. do .... 143 145 147 143 I41 142 142 138 139 141 143 'I39 '13.5 •136 Rubber produets ...•..•.••............... .do .... 126 137 145 145 142 131 130 129 133 I44 137 136 I32 --------

Minerals._._ .. -------------------- ___________ .do .... 130 I30 131 I33 133 130 130 127 I27 129 129 '128 '123 • I21 CoaL ________________________________________ do ____ 87 80 82 87 92 87 82 86 83 84 82 80 77 • 70 Crude oil and natural gas ____________________ do .... 149 153 I 54 154 I 52 151 153 146 147 '149 151 '151 '144 •145 .:>!eta! mining __ -----------------------------do. ___ 128 127 120 I22 121 118 113 119 112 118 119 '114 --------- --------Stone and earth mtnera!s ____________________ do .... 142 141 142 142 143 I40 142 142 143 145 144 I42 139 --------

CONSUMER DURABLES OUTPUT Unadjusted, total output.. ______________ I947-49= 100 .. I39 141 I37 143 I42 I30 I24 131 116 132 119 119 '141 •I28

.Major consumer durables ..................... .do .... 151 154 149 157 I 55 I40 I31 140 121 I39 118 119 '153 • 137 Autos .. _------- _____ ._. __ .-----_ ...........• do. ___ 164 177 I74 I78 171 I 55 144 156 I34 I48 84 88 171 • 151 Major household goods .. __ . ________________ .do .... 14I 137 129 140 143 128 122 129 110 133 150 '147 138 ---------Furniture and fioor coverings .......••..•.. do .... 117 118 113 116 116 113 108 110 105 115 119 '116 113 --------Appliances and heaters .................... do .... I22 128 125 144 151 131 I25 I31 105 109 141 133 --------- ---------Radio and television sets .................. do ____ 270 2I7 188 201 I96 159 153 180 143 256 268 282 259 ---------Other consumer durables ...................... do .... 112 110 110 112 111 107 106 108 106 116 121 '120 '114 •107

Seasonally adjusted, total output. ..••.•......... do .... I32 141 137 138 134 124 124 I29 129 133 129 121 '133 •127 .:>!ajor consumer durables ______________________ do ____ 143 154 147 149 144 131 131 137 137 141 134 '125 '143 • 135 Autos .. ___________ . _____________________ .•.. do ... _ 152 168 169 167 159 141 139 144 134 145 129 118 I 54 • 140 Major household goods ______________________ do .... 136 143 130 134 132 124 126 133 142 I38 140 134 I34 ---------Furniture and fioor eovertngs .............. do .... 114 115 114 113 113 114 112 113 118 116 115 '110 111 ---------Appliances and heaters ____________________ do .... 130 144 128 137 133 119 119 123 126 123 I34 I29 --------- ---------Radio and television sets. _________________ do ____ 218 218 181 189 185 167 186 226 259 248 237 2I5 209 ---------Other consumer durables ...................... do .... 109 113 114 114 111 109 108 108 111 114 116 '112 'ill •110

BUSINESS SALES AND INVENTORIES§t Manufacturing and trade sales (seas. adj.), total

bil. of doL 56.3 57.0 57.9 57.4 56.2 56.4 56.8 56.4 57.4 57.0 56.3 55.7 54.9 ---------Manufacturing, totaL _________________________ do .... 28.5 28.8 30.0 29.5 28.4 28.7 28.6 28.1 29.0 28.6 28.2 '28.1 27.4 ---------Durable-goods industries ____________________ do ____ 14.3 14.5 14.9 14.8 14.2 14.3 14.3 14.2 14.6 I4. 3 14.1 13.9 I3. 5 ---------Nondurable-goods tndustries ________________ do .... 14.2 I4. 3 15.0 14.7 14.2 14.4 14.3 I3. 9 14.5 I4. 3 I4. I 14.1 13.9 ---------Wholesale trade, totaL ________________________ do ____ 11.6 11.8 11.6 11.5 11.4 II. 3 11.5 11.4 11.4 11.4 II. 2 11.0 10.9 ---------Durable-goods establishments ............... do ____ 4.4 4.4 4.6 4.4 4.4 4. 2 4.3 4.3 4.3 4. 2 4. I 3.9 3.9 ---------Nondurable-goods establishments •.• _ ... _ ... do. ___ 7. 2 7.4 7.1 7.1 7.1 7.I 7.2 7.1 7.1 7. 2 7.1 7.0 7.0 ---------Retail trade, totaL ----------------------------do .... 16.2 I6. 3 16.3 16.4 I6. 3 16.4 16.6 I6.8 17.0 17.0 I6. 9 16.7 16.6 ---------Durable-goods stores. ______________________ .do. ___ 5. 7 5.8 5. 7 5. 7 5. 7 5. 6 5.8 5.8 5. 8 5. 7 5. 7 5. 6 .5. 6 ---------Nondurable-goods stores ... _________________ do ____ 10.5 10.5 10.6 10.6 10.6 10.7 10.9 11.0 11.2 11.3 II. 2 11.1 ll.O ---------

Manufacturing and trade inventories, book value, end of month (seas. adj.), totaL ............ bil. of doL 88.5 89.1 89.3 89.6 89.9 90.1 90.6 90.7 91.0 91.3 91.3 '91.1 90.9 ---------

Manufacturing, totaL _________________________ do .... 52.2 52.3 52.4 52.9 53.3 53.7 53.9 53.9 54. I 54.2 54.2 54.1 53.8 ---------Durable-goods tndustries ____________________ do ____ 30.6 30.7 30.6 31.0 31.2 31.5 31.6 31.4 31.7 31.7 31.8 •31.8 31.4 ---------?\ ondurable-goods industries ... ________ . ____ do._ .. 21.6 21.6 21.8 22.0 22.1 22.2 22.3 22.4 22.4 22.5 22.3 22.3 22.4 ---------Wholesale trade, totaL .......•.•.•............ do .... 12.8 13.0 12.9 1~.8 I2.8 12.8 12.7 12. 7 12.7 12.8 12.8 12.8 12.8 ---------Durable-goods establishments ............... do .... 6.5 6. 6 H. 5 6. 5 6. 5 6.5 6. 5 6.6 6. 7 6. 7 6. 7 6. 7 6. 7 ---------?\ ondurabie-goods establishments .... ___ ._ .. do .. __ 6.3 6.4 6.3 6.3 6.3 6.3 6. 2 6.1 6.0 6. 1 6. 1 6.I 6.I ---------Retail trade, totaL ____________________________ do ____ 23.5 23.9 24.0 23.9 23.7 23.7 23.9 24.1 24.1 2·1.3 24.4 24.2 24.3 ---------Durable-goods stores._. ____________ .. _____ .. do. ___ 10.4 10.7 10.8 10.8 10.7 10.6 10.7 10.8 10.8 11.0 ILl '10.9 11.2 ---------Nondurable-goods stores ___ .. ______________ .do .... 13. 1 13.2 13.2 13.1 13.0 13.1 13.2 13.3 13.3 13.2 13.2 '13.3 13.1 ---------' Revised. • Preliminary.

§The term "busi?ess" here includes only manufacturing_ and trade. Business inventories as shown on p. S-1 cover data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturmg are shown on p. S-4; those for retatl and wholesale trade on pp. S-9, S-10, and S-11.

tData beginning January 1951 for wholesale trade (not published tn the 1957 edition 6f BusiNESS STATISTICS) appear on p. 32 of the August 1957 SURVEY; those for January 1948-Decem­ber 1950 are available upon request.

S-4 SURVEY OF GCRRE:NT BUSIXESS

Unless otherwise stated, statistics through 1956 and I - l9S6- . --~- 1957

BUSINESS STATISTICS Novem- Decem- Janu- Febru- ::\larch April May June Jui,-descriptive notes are shown In the 1957 edition of , I I , I I I I I ber her ary ary • " '

GENERAL BUSINESS INDICATORS-Continued

MANUFAC TURERS' SALES, INVENTORIES, AND ORDERS

Sales, value_ (u nadjusted), totaL __________ miJ. of doL ds industries, totaL ... ____________ do ____ etaL ------- ______________________ do ____

Durable-goo Primarym Fabricated Machinery Transporta

metaL __________________________ .do ____ (including electrical) ___________ .. do ____ tion equipment (including motor

------------------------- ____ mil. of doL_ vehicles) Lumber an Stone, clay Other dura

d furniture ____ ---------------- __ .do ____ , and glass ________________________ do ____ hie-goods industries ______________ .do. ___

!(oods industries, totaL ___________ do ____ Nondurable­Food and b Tobacco __

everage _________________________ .do. ___ ___ ·- ---------------- _____________ .do ___ .

Textile ___ _ Paper. ___ _

--------- ____ ----- _--- _- _________ .do ____ --------- ______ -------- _________ .. do. ___

ChemicaL Petroleum

---------- __ -------------- _______ .. do. ___ and coaL _________________________ do .. __

Rubber __ _ ___________________________________ do. __ Other nond urable-!(oods industries __________ do ____

Sales, value (se as. adj.), totaL ___________________ do ____ Durablr-good

Primary m Fabricated Machinery Trans porta

s industries, totaL _______________ do ____ etaL ____________________________ .do ____ metaL __________________________ .do ____ (including electrical) _____________ do ____

tion equipment (including motor _____________________________ mil. of doL_ vehicles)

Lumbrr m 8tonP, clay Other dura

1d furniture _______________________ do ____ , and glass ________________________ do ____ hie-goods industries ______________ do ____

goods industries, totaL ___________ do ____ Nondurable­Food and beverage _________________________ .do. ___ Tobacco __ _ _ _ _ _ __ _____ ___ _ _ __ _ _ _ ___ _________ .do ____ Textile __ _ ______ ______ . -------------- _______ .do ____ Paper ____ _ _ _ _ _ _ _ _ _ __ ____ ___ _ __ __ __ _________ .do ____ ChemicaL Petroleum

__________________________________ .do ____ and coaL ________________________ do ____

Rubber __ _ Other non

----------------.do ____ ilurabie-goocts -industries _________ .. do ____

1d of month: Inventorie.s, er Book value (unadjusted), totaL ______________ do ____

Durable-go Primar Fahrica Machi Transp

ods industries, totaL ____________ _do ____

~~'g~~t'ac:======::::::=::::=:::~~:::: nery (including electrical) ________ .do ____ ortation equipment (including motor

vohi Lumh Stone, Other

cles) _________________________ mil. of doL er and furniture ___________________ do ____ clay, and glass ____________________ do ____ durable-goods industries _________ .do ____ s of fabriration:t By stage

Purcha Goods Finish

sed materia]s ________________ bil. of dol __ in process _________________________ do ____ ed goods ____________ ---- _________ .do. ___

le-goods industries, totaL ... mil. of doL Nondurab Food a Tobac Textile Paper. Chemi Petrol Ruhbe Other

nd beverage ______________________ do ____ co ________________________________ .do ____ _____________ ----- ___ ----- ______ .. do ____ _________________________________ .do ____ caL ... _________ --- ______________ .do. ___ eum and coaL ____________________ do ____ r _________________________________ .do. ___ nondurable-goods industries ______ .do ____ s of fabrication:t By stage

Purcha Goods Finish

sed materiaJs ________________ bil. of doL_ in process _________________________ do ____ ed goods __________________________ do ____

1d of month: Inventories, m Book value (seas. adj.), tota}_ ____________ mil. of doL

oods industries, totaL _____________ do ____ Durable-g Prima Fabrica Machi Trans

ry metaL _________________________ do ____ ted metaL ______________________ .do ____

'nery (including electrical) _________ do ____ portation equipment (including motor cles) _________________________ mil. of doL er and fumiture ___________________ do ____

vehi Lumb Stone, Other

clay, and glass ____________________ do ____ durable-goods industries __________ do ____ s of fabrication:; ased materiaJs ________________ bil. of doL

By stage Purch Goods Finish

in process _______________________ .. do. ___ ed goods __________________________ do ____

Nondurab Food To hac Textil Paper Chern Petrol Rubb Other

le-goods industries, totaL ____ mil. of doL. and beverage ______________________ do ____ co.----------------- _______________ do ____ e ________________ ----------- _______ do ____ ______________ ----------- _________ .do ____ icaL _________ -------- _____________ do. ___ eum and coaL _____________________ do ____ er __________________________________ do ____ nondurable-goods industries ______ .do ____

es of fabrication:; By stag Purch Goods Finish

ased materials ________________ bil. of doL. in process ______ ------------ _______ do ____ ed goods __________________________ do ____

28,771 14.475

2, 521 1,508 4,085

3, 445 1,039

754 I, 123

14,296 4, 264

356 I, 192

895 I, 865 2, 799

442 2, 483

28,480 14,294

2. 531 1, 487 4,189

3, 234 1, 019

741 I, 093

14,186 4, 240

337 1, 109

888 I, 940 2. 76.1

462 2, 447

51,965 30,346 4,031 3, 062

10,309

7, 659 I, 843 I, l!O 2, 332

8. 7 12.7 8.9

21,619 5, Ill 1,89.5 2, 582 I, 325 3, 539 3, 252 1,014 2,901

8. 6 2.9

10.2

52,210 30,647

3, 891 3, 157

10,404

7, 714 1,895 1, 168 2, 418

8.6 12.9 9.1

21, 663 4,814 1, 895 2, 674 1,338 3, 582 3, 188 1,035 3,037

8.6 2. 9

10.1

28,9281 28,070 27.869 14,372 14,363 13.975

2, 394 2, 574 2. 374 1,332 1,463 I, 438 4,390 4,080 4, 171

3, 699 3,6!1 3, 467 895 989 941 626 646 628

1,036 I, 000 956

13,698 14, 56.> 13, 894 4,088 4, 200 4.077

343 338 312 1,072 1,143 1,131

816 92.1 840 I, 780 2,002 I, 8.53 3,037 3, 273 2. 871

461 491 460 2,101 2.135 2, 350

28,846 29,956 29,534 14,526 14,941 14,808 2, 462 2, 594 2, 453 I, 418 1. 594 1, 573 4, 241 4,342 4, 290

3, 530 3, 570 3. 620 1,014 1,039 l. 053

746 751 7tH) I, II5 1, 051 1, 05'l

14,320 15,015 14, 726 4, 278 4, 558 4, 447

372 363 371 1,147 I, 174 1, 252

868 942 87.> 1, 936 1, g96 1, 930 2, 786 3, 241 2, 960

474 496 495 2, 459 2, 245 2, 395

52,515 52,941 53,320 30,591 30,835 31.196

4, ll9 4,068 4,077 3, 056 3,106 3,16.1

10,316 10,408 10, 524

7, 714 7, 803 7, 8iS 1,855 1, 869 1, 889 1, 159 I, 179 1, 217 2,372 2,402 2, 446

8.9 8.6 S.l) 12.7 12.9 13.1 9.0 9. 3 9. 5

21,924 22, 106 22. 124 5,06\ 5,001 4, 902 1. 959 2, t:n 2, 132 2. 663 2, 739 2, 7:36 I, 3fi2 I, 362 I, 412 3, 63:l 3, 648 3, 701 3, 249 3,102 3.101 1,049 1.057 1, 05i 2, 948 3,066 3,083

8. 9 8. 9 8. 9 2. 9 3.0 :l.O

10.2 10.2 10.2

52,295 52,434 52,918 30,660 30,631 30,9<H 3, 975 3, 962 4, 071 3,183 3,169 3. 2;30

10,409 10, 444 10, 4o4

7. 630 7, 738 7,632 1; 869 1,839 I, 865 I, 171 1,156 I, 170 2, 423 2, 429 2, 433

8. 7 8. 6 ~. 7 12.8 12.8 12.9

9. 2 9. 2 9. 3

21,6.15 21,803 21,957 4, 799 4,820 4,867 I, 884 2, 010 2, 030 2, 713 2, 766 2, 694 1,349 1,362 1, 398 3, 594 3, 593 3, 643 3, 249 3,133 3,197 1,039 1, 047 1,036 3,008 3,072 3,092

8. 5 8.6 8. 7 3.0 3. 0 3. 0

10.1 10.2 10.3

• Revised. tData beginning January 1953 appear on p, 20 of the September 1957 St-RVEY.

29,815 29,010 29,116 28,278 27, 196 15,033 14,768 14,833 14,590 13,336

2, 592 2,481 2, 425 2, 484 2, 068 1, 551 I, 642 I, 585 I, 552 I, 491 4, 485 4.355 4, 425 4, 459 3, 970

3, .590 3. 489 3,496 3,187 3,193 I. 010 995 975 1,027 868

740 728 799 763 721 I, 065 I, 078 I, 128 1, liS !, 025

14, 782 14,242 14,283 13,688 !3,8fl() 4, 347 4.196 4,394 4, 291 4, 362

321 347 387 382 398 1.163 1,030 I, 031 1,022 939

901 928 916 886 833 2,055 2, 005 2,100 1,886 1, 848 3,045 2. 907 2,900 2, 780 2, 93!

495 500 486 481 509 2, 455 2. 329 2, 069 I, 960 2. 040

28.426 28,679 28,617 28,142 29.030 14. 198 14,254 14, 296 14,207 14,573

2, 389 2, 357 2, 263 2, 289 2. 447 I. 514 I, 625 1. 562 1,492 1, 605 4,158 4, 242 4, 354 4, 259 4, 447

3. 406 3, 240 3, 276 3, 241 3, 2.>1 952 989 978 I, 076 957 747 707 747 741 73£)

1,032 1.094 1,116 1,109 l. 130

14. 228 14,42.5 14,321 13,935 14.457 4. 333 4, 322 4, 340 4,183 4.323

349 358 352 382 375 1, 144 1, 073 1, 079 1,063 1, 089

858 919 907 877 R96 1, 908 I. 894 I, 996 1,894 2,008 2. 928 3. 028 2, 9.>9 2, 780 2, 991

47fi 490 481 458 514 2, 2.12 2. 341 2, 207 2, 298 2. 261

5:1.670 53,827 53,985 >4, 043 53,762 31,512 31,778 31,873 31,749 31, 450 4.018 3, 9fi2 4,053 4,043 4, 173 3, 242 3, 28fi 3, 272 3, 292 3, 240

10,614 10.662 10, Sll 10, 760 10, 584

7, 951 8, 124 7, 909 7, 899 7, 781 1, 945 1,922 I. 904 1,877 I, 871 1, 233 I, 257 1, 265 1, 267 1, 239 2, 509 2. 565 2. 599 2,611 2, 562

8. 5 8 3 8.4 8. 5 8. 5 13.3 13.6 13.5 13.3 13.2

9. 7 9. 8 10.0 9.9 9. 7

22, 158 22.049 22,112 22, 294 22,312 4. 754 4, 622 4, 504 4, 524 4, 629 2,105 2,075 2,027 1, 981 I, 936 2, 748 2, 698 2, 720 2,691 2. 678 I, 455 I, 453 1, 4&3 I, 442 1, 430 3, 725 3, 750 3, 716 3, 744 3, 716 3, 157 3, 202 3.346 3, 451 3, ,)2\J 1, Oil 1, 0(i2 1, 065 1,058 1, 024 3,143 3,187 3, 231 3, 403 3,370

8.9 8. 8 8. 7 8. 7 8. 7 3. 0 3. 0 3.0 3.0 3.0

10.2 10.3 10.4 10.6 10.6

53,334 53,663 53,909 53,853 54,093 31,185 31,462 31,666 31,438 31,696 4,102 4,114 4,192 4, 207 4, 245 3, 210 3, 222 3, 146 3,077 3,146

10.478 10,509 10,624 10,601 10,622

8,016 7, 975 7, 919 7, 825 8, 038 l. 914 1, 890 1, 865 1, 845 1, 857 1, 174 1, 209 1, 240 1, 254 I, 239 2, 482 2. 502 2, 524 2, 535 2, 549

8. 7 8.6 8. 5 8.4 8.4 13.0 13.4 I:l. 4 13.3 13.5 9.4 9.4 9.6 9. 7 9.8

22,149 22,201 22,343 22,415 22.397 4, 872 4,876 4,869 4, 882 4, 804 2,024 2,054 2,047 2,064 2,038 2, 692 2, 62S 2, 625 2,612 2,642 I, 426 I, 439 1, 453 I, 442 1, 430 3, 676 3, 730 3, 729 3, 692 3, 728 3, 255 3, 267 3,380 3, 486 3, 494 1, 030 1, 031 1,024 1,027 l. 045 3,174 3,176 3, 216 3, 210 3, 216

8. 7 8. 7 8.9 9.0 9.0 3.0 3.0 2. 9 3.0 2. 9

10.4 10.6. 10.5 10.5 10.5

.T anuary Hli>S

I >\ugust ~- Septem-1 October I );ovem-1 De<x•m. · her her her

29,063 28,171 14,231 13,664 2, 262 2, 200 1. 632 1, 631 4,134 4,293

3, 256 2, 750 1,031 995

793 695 1, 123 I, 100

14,832 14,507 4,499 4,493

386 374 I, 137 1,104

952 932 1, 988 2,013 2,920 2, 719

519 462 2, 431 2, 410

28,638 28,215 14,297 14,132 2, 362 2,182 l. 520 1, 547 4. 281 4. 314

3, 448 3, 407 925 940 708 668

1,053 1,074

!4, 341 14,083 4. 357 4, 278

3.54 378 1, 072 1, 040

915 932 2,008 1, 951 2, 920 2, 803

5!4 481 2, 201 2, 220

53,576 53,581 31,225 31.306

4, 314 4, 401 3, 1.51 3,061

10, 48! 10,475

7, 713 7, 843 1, 853 !, 832 1.186 I, 201 2, 527 2, 493

8 .. 5 8.6 13.3 13.3 9.5 9. 5

22, 351 22, 275 4,830 4, 837 1, 923 1, 940 2, 623 2, 561 I. 41.5 I, 396 3, 679 3, 641 3, 587 3, 705 1, 010 1, 031 3, 284 3,164

8. 7 8. 7 3. 0 3.0

10.7 10.6

54,203 54, 166 31,742 31,820

4,326 4, 344 3, 1.51 3,123

10,609 10,658

8,035 8,049 !, 872 1, 877 1, 210 1, 251 2, 539 2,518

8. 4 8.5 13.6 13.4 9.8 9.8

22,461 22,346 4, 805 4, 684 2,024 2,000 2,649 2,631 1, 429 1, 410 3, 737 3, 741 3, 517 3, 597 1, 074 1,074 3, 226 3, 209

9.0 I 8.9 3.0 2.9

10.5 10.5

'29, 532 '14, 386 •2,336 r 1,688 •4,406

'3,003 '1,026

'761 • I, 166

' 15, 146 4,660

377 '1,214

'981 '2,086 •2,866

524 '2, 438

'28, 064 '13, 932 '2, 224 • I, 535 '4, 265

'3, 297 '930 '650

'1, 031

'14, 132 '4,331

356 • I, 029

'917 '2,002 '2, 895

490 '2, ll2

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

'10, 390

'8, l!5 '1,804 '1, 197 r 2, 476

8. 6 '13. 3

9. 6

'22, 247 '4,929

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

1, 053 '3,005

8.8 2.9

10.5

'54, 103 '31, 754 '4, 3.56 '3,143

'10, 583

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

8.6 13.2 9.9

'22, 349 '4, 725

I, 980 '2,625 • I, 423 '3, 732 '3,623

1,097 '3, 144

'8.9 3.0

10.4

27,497 13,594 2,100 1,462 4.001

3, 497 865 639

1.03 0

13,903 4,314

354 1,078

887 1, 86< 2. 81

--------2,125

27, 381' 13,50 2,15 1, 4f 4, lOR

3,2W 8fil 63.

!.Oil<

13,881 4. 31

34, 1.01

87 l, 94. 2, 781

------2.tn·

53,63' 3 1---------3 ---------31,17'

4. 421 3,01\ ! ---------

10.401

7,85. 1,81. I, 19' 2, 451

8. 13. 9.

6 0 6

22,46 0 6 9 8 3 > 2

5,04 1,9ti 2, 54 1,40' 3, 69, 3. 73

-------2 2.99

9. 2.

10.

1 9 4

53,79 7 0 5 2 9

31,38 4, 26 3, 11

10, ,'iQ

7, 82 5 6 2 1

1,86 I, 26 2, 54

8. 13. 9.

5 1 8

2'2, H 4, 75

7 9 9 9 7 9 9

1, \J6 2,63 I, 41 3, 73 3,65

--·----3,13

9. 3.

10,

8

0 0 4

January 1958 SURVEY OF CURRENT BUSINESS s-5

Unless otherwise stated, statistics through 1956 and I 1956 I 1957

descriptive notes are shown in the 1957 edition of N ovem-1 Decem- Janu- I Febru-1 I . I I I BUSINESS STATISTICS her her ary ary March April May June July I August I Septem-1 October I Novem-1 Decem-

ber her her

GENERAL BUSINESS INDICATORS-Continued

MANUFACTURERS' SALES, INVENTORIES, AND ORDERS-Continued

New orderR, net (unadjusted), totaL _______ mll. of doL_ 29,428 28,839 28,765 27,540 29,291 27,673 28,328 27,538 26, 155 27, 568 26,371 '26, 730 26,134 ---------Durable-goods industries, total§ ________________ do ____ 15, 145 15,068 14,374 13, 712 14,611 13,349 13,949 13,716 12,318 12,881 12,047 '11, 788 12,279 ---------Primary metaL ______________________________ do ____ 2,614 2,452 2,453 2,495 2, 597 2,103 2, 251 2, 217 I, 938 2, 063 2, 039 '2,027 1, 768 ---------Fabricated metaL __________________________ do ____ 1, 354 1,458 1,424 1, 461 1,538 1, 500 1,638 1, 427 1, 522 1, 468 1, 571 '1, 517 1, 222 ---------Machinery (including electrical) § ____________ do ____ 4,366 4,304 4, 210 4,188 4,450 4,091 4,136 4, 512 3, 904 3, 905 3, 812 •3, 798 3,324 ---------Transportation equipment (including motor ve-hicles) _______________________________ mil. of doL_ 3, 919 4, 575 3,452 2, 957 3,181 2,936 3,181 2,609 2, 256 2, 554 1, 979 '1, 776 3,441 ---------Other durable-goods lndustries ______________ _cto ____ 2, 892 2, 279 2,835 2,611 2,845 2, 719 2, 743 2, 951 2,698 2, 891 2,646 •2,670 2, 524 ---------

Nondurable-goods industries, totaL __________ _cto ____ 14,283 13,771 14,391 13,828 14,680 14,324 14,379 13,822 13,837 14,687 14,324 '14, 942 13,855 ---------Industries with unfilled orders\;> _____________ do ____ 3, 345 3,108 3,126 3,166 3,284 3, 341 3,233 3,148 2, 7R9 3,070 3,057 •3,203 3,026 ---------Industries without unfilled orders, __________ _cto ____ 10,938 10,663 11,265 10,662 11,396 10,983 11,146 10,674 11,048 11,617 11,267 '11, 739 10,829 ---------New orders, net (seas. adjusted), total§ __________ do ____ 29,972 29,005 28,927 28,647 28,066 27,940 28,433 27,055 27,276 27,325 26,565 '26, 226 26, 182 ---------Durable-goods industries, total§ _______________ do ____ 15, 776 14,543 14,176 14,102 13,853 13,234 14, 115 13,249 13,005 13,160 12, 519 '12, 154 12,326 ---------Primary metaL _____________________________ do ____ 2,508 2, 372 2,345 2,403 2,330 2,197 2,136 2, 306 2, 241 2,078 2,202 '2, 081 1, 696 ---------Fabricated metaL ___________________________ do ____ 1, 472 1, 488 1,468 1, 554 1,398 1, 500 1,689 1,486 1, 522 1, 372 1, 496 '1,459 1, 328 ---------Machinery (including electrlcal)§ ____________ do ____ 4, 720 4,127 4, 246 4, 268 4, 205 3,850 4, 321 4,103 4,065 4,124 3, 952 '3, 943 3,602 ---------

Transportation equipment (Including motor ve-hicles) _______________________________ mil. of doL_ 4,184 3,843 3, 282 3,099 3, 236 2,968 3,198 2, 544 2.396 2, 884 2,300 '2,079 3,176 ---------Other durable-goods industries ______________ do ____ 2,892 2, 713 2,835 2, 778 2, 684 2, 719 2, 771 2,810 2, 781 2, 702 2,569 '2,592 2, 524 ---------

Nondurable-goods industries, totaL ____________ do ____ 14,196 14,462 14, 751 14,545 14,213 14,706 14,318 13,806 14,271 14,165 14.046 '14, 072 13,856 ---------Industries with unfilled orders \1 ____________ do ____ 3, 279 3,378 3,158 3, 231 3,188 3, 554 3,191 2, 970 2. 936 2, 924 3,088 •2,993 2, 967 ---------Industries without unfilled orders, __________ do ____ 10,917 11,084 11,593 11,314 11,025 11,152 11, 127 10,836 11.335 11,241 10,958 '11, 079 10,889 ---------Unfilled orders, end of month (unadj.), total ____ do ____ 63,441 64,210 64,047 63,718 63,194 61,857 61,069 60,329 59,288 57,793 55,993 '53, 191 51,828 ---------Durable-goods industries, totaL _______________ do ____ 60,319 61,015 61,026 60,763 60,341 58,922 58,038 57, 164 56, 146 54,796 53,179 '50, 581 49,266 ---------Primary metaL ______________________________ do ____ 7,086 7,144 7,023 7, 144 7,149 6, 771 6, 597 6, 330 6, 200 6,001 5, 840 '5, 531 5,199 ---------Fabricated metaL ___________________________ do ____ 4,400 4, 526 4,487 4, 510 4, 497 4,355 4,408 4, 283 4, 314 4,150 4,090 '3, 919 3, 679 ---------Machinery (including electrieal) ____________ _cto ____ 20, 169 20,083 20,213 20,230 20,195 19,931 19,642 19.695 19,629 19,400 18,919 ' 18,311 17,634 ---------Transportation equipment (including motor ve-

hicles) _______________________________ mil. of doL 23,708 24,584 24,425 23,915 23,506 22,953 22,638 22,060 21, 123 20,421 19,650 '18,423 18,367 ---------Other industries, including ordnance ________ do ____ 4, 956 4, 678 4,878 4,964 4,994 4, 912 4, 753 4, 796 4,880 4, 824 4,680 '4, 397 4,387 ---------Nondurable-goods industries, total 9 ___________ do ____ 3,122 3,195 3,021 2, 955 2,853 2,935 3,031 3,165 3,142 2, 997 2,814 '2, 610 2,562 ---------

BUSINESS INCORPORATIONSd'

New Incorporations (48 States) _______________ number __ 9, 749 10,788 13,387 10, 791 12,049 12,312 12,220 11,269 11,686 11,361 10,526 11, 251 9,270 5 10,57

INDUSTRIAL AND COMMERCIAL FAILURESd'

Failures, totaL _______________________________ number __ 999 982 1, 148 1,146 1,336 1, 175 1, 200 1,084 1,059 1, 145 1,071 1,122 1, 173 ---------Commercial service _________ ------------------ -do ____ 86 83 71 93 99 118 82 93 81 91 94 89 93 ---------Construction __________________________________ do ____ 171 183 177 180 205 172 181 164 153 165 164 176 194 ---------Manufacturing and mining ___________________ _cto ____ 166 172 197 199 239 190 205 179 181 204 182 214 213 --------Retail trade _____ -------- _____________________ _cto ____ 482 472 612 568 672 580 600 553 570 588 535 544 559 --------Wholesale trade _____ ------------------------- _do ___ . 94 72 91 106 121 115 132 95 74 97 96 99 114 ---------

Liabilities (current), totaL ______________ thous. of doL 39,886 50,279 54,060 65,406 55,833 57, 103 52,552 51,454 44,299 43,514 45,420 47,428 52,899 ---------Commercial service _____ --------------------- _do ____ 1,854 3, 780 4,086 2,493 3,833 3,878 4, 728 3, 551 5,024 2, 331 4,554 3,195 2, 611 --------Construction __________________________________ do ____ 11,099 8,149 10,672 8,440 10,424 9,090 10,820 10,066 7,629 10,426 5, 618 7,994 13,420 --------Manufacturing and mining ____________________ do ____ 11,714 21,785 16, 105 33,402 17,760 16,286 14,888 12,966 14,039 12,847 13,901 11,601 18,061 --------Retail trade_--------------------------------- _do ____ 11,476 10,946 17,862 14,780 17,816 15,994 15,686 17,715 12,715 14,752 13,657 16,947 12,895 ---------Wholesale trade __ ------------------------ _____ do ____ 3, 743 5, 619 5, 335 6, 291 6,000 11,855 6,430 7,156 4,892 3,1581 7,690 7, 691 5, 912 ---------

Failure annual rate (seas. adj.)* __ No. per 10,000 concerns_ 48.5 47.2 48.0 51.1 54.9 48.2 50.1 50.0 47.8 53.4 58.7 51.5 --------- ---------

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

Prices received, all farm products ______ 1910-14=100 __ 234 235 238 234 238 242 243 244 247 248 245 240 242 242 Crops ___________________________________________ do ____ 237 237 238 234 237 242 244 241 239 233 228 224 224 218

Commercial vegetables, fresh market_ ______ _cto ____ 266 263 237 236 252 294 315 283 288 248 221 221 241 240 Cotton ___ -------------- _______ ------ ________ do ____ 270 262 256 255 252 258 266 270 273 278 279 273 263 239 Feed grains and hay ________________________ _cto ____ 182 185 187 181 181 180 179 173 170 169 163 156 152 152 Food grains ___ -------------------- _________ _cto ____ 232 234 236 235 235 233 225 218 218 217 217 219 221 221

Fruit_---·_--------------------- ____________ _cto ____ 207 205 227 221 237 237 228 246 219 200 193 187 187 180 Oil-bearing crops ____________________________ do ____ 262 264 266 260 265 264 263 260 261 252 244 231 235 237 Potatoes (Incl. dry edible beans) _____________ do ____ 154 155 162 153 148 145 156 152 167 172 159 154 164 171 Tobacco _____________________________________ do ____ 443 461 457 458 459 459 457 457 460 469 484 483 473 466

'Livestock and products ________________________ do ____ 230 233 238 234 238 242 241 245 254 260 259 254 258 264 ' Dairy products ______________________________ do ____ 279 274 270 266 260 253 248 247 252 260 269 277 279 275 Meat animals _______________________________ do ____ 231 239 254 249 263 275 278 287 297 301 291 274 278 294 Poultry and eggs ____________________________ do ____ 163 165 155 157 150 150 144 145 155 167 174 180 188 185 WooL __ --------------------------- __________ do ____ 253 260 265 267 274 286 310 317 312 305 290 279 267 261

Prices paid: All commodities and services __________________ do ____ 267 268 269 271 272 273 273 273 273 273 273 273 275 276 Family living items _________________________ do ____ 281 283 283 284 284 285 286 287 287 287 287 286 289 288 Production items ____________________________ do ____ 252 252 255 256 258 260 259 257 257 257 258 258 260 262 All commodities and services, interest, taxes, and wage rates ___________________________ 1910-14= 100 __ 289 290 292 294 295 296 296 296 295 295 296 2~6 298 299

Parity ratio$ _____ --------- _________ ------ ______ do ____ 81 81 82 80 81 82 82 82 84 84 83 81 81 81

'Revised. §Corrections of March 1955 new orders figures in 1957 BusiNESS STATISTICS (mil.dol.): Unadjusted-total durable goods, 14,755; machinery, 4,093; seasonally adjusted-total manufacturing, 26,810; total durable goods, 13,538; machinery, 3,885. \1 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero. ,For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders. d'Data are from Dun & Bradstreet, Inc. *New series; based on number of concerns listed in Dun & Bradstreet Reference Book. Data back to 1934 are available upon request. $Ratio of prices received to prices paid (including interest, taxes, and wage rates).

450!)46"-58--4

S-6 SURVEY OF CURRENT BUSINESS January 1958

Unless otherwise stated, statistics through 1956 and I 1956 I 1957

descriptive notes are shown in the 1957 edition of Novem-1 Decem- Janu- I Febru-1 I · I I I BUSINESS STATISTICS ber ber ary ary March April May June July I August I Septem-1 October I Novem-1 Decem-ber ber ber

COMMODITY PRICES-Continued RETAIL PRICES

All commodities (U. S. Department of Commerce index) .. _______ . ___ . ____________ . _____ .1935-39= 100 .. 213.8 213.9 214.1 214.9 214.7 214.9 215.3 216.6

Consumer price Index (U.S. Department of Labor): All items. __ ---------------------------1947-49= 100 .. 117.8 118.0 118.2 118.7 118.9 119.3 119.6 120.2

~g~g~ei~ ~ _-_-_ ~ ~::: :::::::::::::::::: ~=:::: :: :~~:::: 107.0 107.0 106.4 106. I 106.8 106.5 106.5 106.6 112.9 112.9 112.8 113.6 113.2 113.8 114.6 116.2

Dairy products ... __________ ----------- ... .do .... 111.1 Ill. 3 111.2 111.1 110.7 110.5 110.0 110.0 Fruits and vegetables _____________________ do .... 115.8 117.4 116.9 116.5 116.1 118.7 122.5 126.8 Meats, poultry, and fish ___________________ do .... 98.8 98.0 99.0 101.4 100.6 102.0 103.7 106.9

Hg~~1~~~r:~~~f~~::::::::::::::::::::::~~t::: 123.0 123. 5 123.8 124.5 124.9 125.2 125.3 125. 5 111.8 112.0 112.3 112.4 112.4 112.4 112.3 112.3 103.8 104.1 104.0 105.0 104.9 105. 1 104.2 104.6

Rent. __________ . __ .. ------------ .......... do .... 133.8 134.2 134.2 134.2 134.4 134.5 134.7 135.0

Medical care ______ --------------------------do. __ . 134.5 134.7 135.3 135.5 136.4 136.9 137.3 137.9 Personal care. _____ ..... -------------- ... __ .. do._ 121.4 121.8 122. 1 122.6 122.9 !2,'l.3 123.4 124.2 Reading and recreation _____________________ .do ____ 109.0 109.3 109.9 110.0 110.5 111.8 111.4 111.8

Tr:~~~~:~~~~~::::: :~::::::::::::::::::: ::: ~~:::: 133.2 133. I 133.6 134.4 135. 1 135. 5 135.3 135.3 123.5 123.3 123.8 124. 5 125.2 125. 5 125.4 125.4

Public _________ ....... -------- __ .. __ . __ ._ .do __ -. 173.4 174. I 174.9 175.8 175.8 176.8 176.8 176.8

Other goods and servlces ____________________ do. -- 123.2 123.3 123.8 124.0 124.2 124.2 !24. 3 124.6

WHOLESALE PRICESd" (U. S. Department of Labor indexes)

All commodities ________________________ .1947-49=100 .. 115.9 116.3 116.9 117.0 116.9 117.2 117.1 117.4 Economic sector:

Crude materials for further processlng _______ do ____ 94.9 96.6 97.4 96.7 96.7 97.1 96.5 98.8 Intermediate materials, supplies, etc ________ do ____ 123.8 !24. 2 124.8 125.1 124.9 125.0 124.7 124.5 Finished goods$----------- ____________ ---- .do .... 116.2 116.2 116.7 117.0 116.9 117.4 117.4 117.6

Farm products 11.---------------------------- .do __ -- 87.9 88.9 89.3 88.8 88.8 90.6 89.5 90.9 Fruits and vegetables, fresh and drled ....... do ____ 104.3 102.6 100.7 96.1 94.1 103.0 109.0 105.4 Grains .. ________________ ------------------ .. do .... 87.9 88.8 89.5 87.0 87.5 87.3 85.4 83.9 Livestock and live poultry __________________ do .... 68.6 71.7 73.9 75.0 76.6 79.3 78.7 83.5

Foods, processed 11 .. __________________________ do .... 103.6 103.1 104.3 103.9 103.7 104.3 104.9 106.1 Cereal and bakery products _________________ do .... 115.8 115.4 115.8 115.9 116.7 116.8 116.5 117.0 Dairy products and Ice cream _______________ do ____ 113.6 112.6 112.5 112.5 111.3 111.4 110.7 108.1 Fruits and vegetables, canned and frozen .... do .... 106.4 105.6 105.6 105.9 105.9 104.9 103. 5 101.9 Meats, poultry, and fish ____________________ do ____ 82.7 81.5 84.8 83.9 84.6 88.2 91.5 96.6

Commodities other than farm prod. and foods __ do .... 124.2 124.7 125. 2 125.5 125.4 125.4 125.2 125.2

Chemicals and allied products11-------------do .... 108.2 108.3 108.7 108.8 108.8 109.1 109.1 109.3 Chemicals, industriaL .. ----------------- .do .... 122.5 122. 5 123. 5 123.2 122.9 123.6 !23. 6 124.0 Drugs and y,harmaceuticals _______________ do .... 92.3 92.5 92.6 93.1 93.2 93.5 93.3 93.4 Fats and oi s, inedible ____________________ .do .... 57.8 59.4 58.7 58.0 57.9 58.2 59.2 60.2 Fertilizer materials _____________ ---------- .do __ .. 105.7 105.7 105.9 105.9 106.8 107. 5 107.2 106.3 Prepared paint. ___________________________ do .... 123.6 124.1 124.1 124. 1 124.1 124.1 124.7 125.5

Fuel, power, and lighting materials 11--------do ____ 111.2 114.0 116.3 119.6 119.2 119.5 118.5 117.2 CoaL _____________________________________ do .... !22.0 123.5 124.1 124.0 123.6 123.2 123.3 123.3

~~sc_t~~cit~ ~ =::::::: ::::::: ~:: :::::::::::: :g~:::: 94.3 94.3 94.9 94.3 94.9 96.6 94.9 94.3 111.1 119.9 119.9 122.3 118.4 118.4 116.5 113.0

Petroleum and products ___________________ do .... 117.5 120.9 124.9 131.0 130.7 130.4 129.8 128.4 Furniture, other household durables 11----- .. do __ ._ 121.1 121.2 121.9 121.9 121.9 121.5 121.6 121.7

Appliances, household .... _______________ .. do_ ... 106.5 105.9 106.5 106.8 106.8 105.4 105.1 105. 2 Furniture, household _________________ ..... do ____ 121.2 121.2 !22.0 122.0 122.2 122.4 122.4 122.4 Radio receivers and phonographs .......... do ... 91.1 91.0 91.1 91.1 91.1 91.1 91.1 91.5 Television receivers _________ ------------ __ do_--- 69.9 69.7 69.9 69.9 69.5 69.5 69.5 69.7

Hides, skins, and leather products9 _________ do ___ 99.8 99.2 98.4 98.0 98.4 98.8 99.0 99.9 Footwear _______________________ .. _________ do .... 120.8 120.8 120.8 120.8 120.9 121.5 121.1 121.2 Hides and skins ... ----------------------- .do .... 59.0 53.8 52. 1 50.1 51.0 51.8 55.8 59.4 Leather ____________________________________ do ____ 90.6 90.9 88.2 87.8 88.6 88.6 88.8 91.1

Lumber and wood products _______________ .do .... 121.5 121.0 121.3 120.7 120.1 120.2 119.7 119.7 Lumber .... _______________________________ do .... 123.1 122.5 122.6 121.9 121.2 121.2 120.6 120.4 Machinery and motive products 9. __________ do ____ 143.4 143.6 143.9 144.5 144.8 145.0 145. 1 145.2

Agricultural machinery and equip _________ do .... 130.8 131.2 131.8 132.0 132.2 132. 1 132.3 132.3 Construction machinery and equip _______ do ____ 155.5 155.9 156.2 156.3 !56. 7 157. 5 157.6 157.6 Electrical machinery and equipment. ..... do .... 145.2 145.4 146.0 147.1 147. 5 147.8 148.2 148.2 Motor vehicles. ________________________ ... do ____ 134. 2 134.3 134.3 134.6 134.6 134.7 134.7 134.7

Metals and metal products 11----------------do .... 152.1 152.3 152.2 151.4 151.0 150.1 150.0 150.6

~~~t~~~ e~~!e~~~~:-_ ~::: ::::::::::::::::: :~~: ::: 122.0 122.1 122.3 122.8 121.6 121.6 121.4 121.9 162.5 163.3 164.3 163.9 163.8 161.9 162.9 165.4

Nonferrous meials ... ______________________ do ____ 149. 7 149.6 148.7 145.4 143.2 142.5 139.9 138. I Nonmetallic minerals, structural11----------do .... 131.2 131.3 132.0 132.7 133.2 134.6 135.0 135.1 Clay products _____________________________ do .. __ 150.3 !50. 5 !50. 6 150.7 150.8 155.0 155.0 155.1

Concrete products .... ____ ._ .. __ . ___ • ___ ... do._ .. 125.3 125.3 125.6 125.6 125. 7 126.6 126.7 126.7 Gypsum products _________________________ do .... 127. I 127.1 127.1 127.1 127.1 127.1 127.1 127.1 Pulp, paper, and allied products ____________ do ____ 127.8 128.0 128.6 128.5 128.7 128.6 128.9 128.9 Paper_. ___________________________________ do .... 139. 2 139.2 139.2 139.2 140.1 140.7 142.4 142.4 Rubber and products _______________________ do .... 146.9 147.9 145.0 143.9 144.3 144.5 144.7 145.1 Tires and tubes ___________________________ do .... !53. 4 153.4 148.8 149.0 149.0 149.0 149.0 149.0 Textile products and apparel 11--------------do .... 95.4 95.6 95.8 95.7 95.4 95.3 95.4 95.5

AppareL ____________________ . __ ---------- .do._._ 99.7 99.7 99.7 99.6 99.6 99.6 99.5 99.5 Cotton products .... _________ . ___ ------_ ... do .... 92.8 92.7 92.3 91.9 91.1 90.8 90.7 90.6 Silk products ... ___________________________ do .... 122.7 122.8 122.8 123.2 123.0 124.8 124.7 122.4 Manmade fiber textile products ___________ do .... 80.3 80.5 82.1 82.0 81.7 81.5 81.8 81.9 Wool products. __________________________ .do .... 106.1 107.7 109.1 109.5 109.0 109.9 110.9 111.5

Tobacco mfs. and bottled beverages9 ....... do .... 123.5 123.6 124.0 124.1 124. 1 124.5 124.5 124.7 Beverages, alcoholic. ______ . ___________ . __ .do. __ . 118.1 118.1 119.0 119.0 119.0 119.6 119.6 119.6 Cigarettes. ___ . ______________________ . ___ .do. __ . 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 Miscellaneous _______________________________ do .... 91.2 91.7 93.2 92.4 92.0 91.4 89.4 87.3 Toys, sporting goods ______________________ do .... 116.8 116.9 117.5 117.5 117.5 117.5 117.5 117.5 r Revised. I Index based on 1935-39=100 Is 203. 3. 11 Includes data not shown separately. d"For actual wholesale prices of individual commodities, see respective commodities.

217.5 217.9 217.5 '217. 2

120.8 121.0 121.1 121.1

106.5 106.6 107.3 107.7 117.4 117.9 117.0 116.4 110.5 111.5 113.1 114.2 126.9 121.3 114.8 114.5 109.5 111.9 110.3 106.3

125.5 125.7 126.3 126.6 112.3 113.3 113.7 113.8 104.1 103.9 104.8 104.8 135.2 135.4 135.7 136.0

138.4 138.6 139.0 139.7 124.7 124.9 125.1 126.2 112.4 112.6 113.3 113.4

135.8 135.9 135.9 135.8 125.6 125.6 125.5 12.o. 4 180.2 180.6 181.1 181.6

126.6 126.7 126.7 126.8

118.2 118.4 118.0 117.8

99.7 99.6 97.0 95.3 125.2 125.5 125.4 125. 2 118.5 118.6 118.8 119.0

92.8 93.0 91.0 91.5 108.0 106.3 98.9 107.7 82.7 82.4 81.2 80.6 86.5 86.7 81.5 78.4

107.2 106.8 106.5 105.5 117.7 116.7 116. 7 117.3 108.2 110.3 112.4 113.7 102.3 102.1 102.5 103.6 99.2 97.7 95.7 91.6

125.7 126.0 126.0 125.8

109.5 109.8 110.2 110.4 123.5 123.6 123.5 123.6 93.4 93.4 93.5 93.4 61.0 63.4 64.5 64.8

106.3 106.5 106.4 107. fl 128.1 128.1 128.1 128.1 116.4 116.3 116.1 115.8 124.0 124.4 124.8 125. 6 95.5 96.6 95.5 96.1

111.8 111.1 112. 2 112. 2 126.4 125.5 125.6 124.6 122.4 122.6 122.3 122.6 104.9 104.7 104.5 105.4 122.8 122.9 122.5 122. 6 92.5 93.3 93.4 93.4 70.8 71.4 71.4 71.4

100.7 100.5 100.3 100.4 121.2 !21. 3 121. 6 122.4 62.1 61.5 58.2 56.8 92.2 91.6 91.6 91.2

119.3 118.6 117.8 117.3 120.0 119.4 118.3 117.5 145.8 146.2 146.9 147.7 132.3 132.5 133.4 136.2 157.9 161.4 162.7 164.9 149.5 149.6 150.8 1.00. 7 134.7 134.7 134.8 135.5 !52. 4 !53. 2 152.2 100.8 122.8 122.3 122.3 122.3 170.3 171.2 170.2 167.8 134. I 134.6 131. 7 129.9 135.2 135.3 13.1. 2 135.3 155.1 155.0 155.0 155. 1 126.4 126.4 126.3 126.5 127.1 127.1 127.1 127.1 129.5 129.9 130.1 130.9 142.8 143.2 143.2 143.2 144.9 146.9 146.5 146.2 149.0 !53. 5 153.5 153.5 95.4 95.4 95.4 95. 1 99.5 99.6 99.7 99.6 90.5 90.2 90.0 89.9

121.5 122.0 121.1 120.0 81.9 82.1 82.3 82.3

111.3 111.2 110.3 108.3 127.7 127.7 127. 7 127.7 119.6 119.6 119.6 119.6 134.8 134.8 134.8 134.8 88.8 90.1 89.4 87.7

117.5 117.8 118.2 117.9

217.31. .......

IJ21. 6

107.9 116.0 114.5 114.6 104.6

126.8 114.3 104.5 136.3

140.3 126. 7 114.4

140.0 129.7 182.8

126.8

'118.1

'95. 3 '125. 3 '119.6

91.9 106.3 80.9 79.3

106.5 117.6 114.5 103.8 93.6

'125. 9

110.3 123.6 93.4

'65. 2 107. 7 128.1

'115. 7 125.8 96.1

'116. 0 123.5

'122.7 '105.1

122.8 '93. 4

71.4

'100.3 122.6 '53. 8

91.2 '116. 9 '117. 1 '149. 2 '137. 4

165.2 '150. 9 '138. 7

150.4 '122.1

166. 5 130. 8

'135. 4 155. I

'126. 7 127. 1 130.9 143.3 144.7 153.5 95.0 99.6 89.8

119.6 82.3

107.4

127.8 119.8 134.8

86.8 117.9

I 121. 6

6 I 6 A

107. 116. 114. 113.'

il' 10

127. 0 3 9 7

114. 104. 136.

140. 8 0 6

127. 114.

138. 9 6 4

128. 182.

126.

118.4

96.3 125.4 119.8

92.6 108.3 80.5 82.7

107.4 118.3 114.7 104.6 95.5

126.

110.5 123.9 93.5 65.4

107.8 128.5 115. 7 126.3 96.1

116.0 123.5 123.3 104.8 122.8 93.2 71.4 99.8

122.7 50.3 90.8

116.4 116.5 149.3 137. 9 165.2 150. 8 138.8 150.3 121.5 166. 5 130. 6 135 155. ~~ 127.2 127.1 131.0 143.2 145.7 1.53. 5 94.9 99.6 90.2

119.5 82.1

105.8 128.0 120.3 134.8

87.2 118.0

$Goods to users, Including raw foods and fuels.

January 1958 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1956 and I 1956 I 1957

descriptive notes are shown in the 1957 edition of Novem-] Decem- Janu- I Febru-1 I . I I I BUSINESS STATISTICS her her ary ary March April May June July

COMMODITY PRICES-Continued

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prlces _______________________ 1947-49= 100- _ 86.3 86.0 85.5 85.5 85.5 85.3 85.4 85.2 Consumer prices ____ ----------------------- __ _do ____ 84.9 84.7 84.6 84.2 84.1 83.8 83.6 83.2

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY

New construction (unadjusted), totaL ____ miJ. of doL_

Private, total._ ________________________________ do ___ _

Residential (nonfarm)._ _____________________ do ___ _ New dwelling units ______________________ _do ___ _ Additions and alterations _________________ _do ___ _

Nonresidential building, except farm and public utility, total._ _____________________ mil. of doL_

Industrial _________________________________ do ___ _ Commercial _______________________________ do ___ _

Farm construction ___ -------------------- __ _do ___ _ Public utility _______________________________ do ___ _

Public, totaL _____ -------- ---------------------do ___ _

N onresldentlal building _____________________ do ___ _ Military facilities ____ ------------------- _____ do ___ _ Highway __ ------- ___________________________ do ___ _ Other types ________________________________ _do ___ _

New construction (seasonally adjusted), totaL __ do ___ _

Private, total._ --------------------------------do ___ _

Residential (nonfarm) _______________________ do ___ _ N onresidentlal building, except farm and public utility _______________________________ mil. of doL Farm construction __________________________ do ___ _ Public utility ______________________________ _do ___ _

Public, total._--- ____________________________ _do ___ _

Nonresidential buildlng _____________________ do ___ _ Highway _________________ ------- ____________ do ___ _

CONTRACT AWARDS 0onstruction contracts In 48 States (F. W. Dodge

Corp.):t Total valuatiou __________________________ mil. of doL_

Public ownershfp ____________________________ do ___ _ Private ownership ______ -------------- ______ do ___ _

Nonresidential buildings: Floor area _________________________ thous. of sq. ft __ Valuation __ ---------------------------mil. of doL_

Residential buildings: Floor area _________________________ thous. of sq. ft __ Valuation _____________________________ mfl. of doL

Public works: Valuation ______________ ---------------- _____ do ___ _

Utilities: Valuation ______________ ---------------- _____ do ___ _

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

Residential, unadjusted ____________________ _do ___ _

Total, seasonally adjusted _____________________ do ___ _ Residential, seasonally adjusted _____________ do ___ _

Engineering construction:

3,964

2,922

1, 521 1,140

339

804 276 329 111 475

1,042

344 117 326 255

3, 894

2,822

1,468

760 131 452

I,072

358 341

2, 377 a 862

a 1, .515

65,776 969

81,354 900

385

123

217 190

242 197

Contract awards (ENR)§ ________________ mil. of doL_ 1, 736

Highway concrete pavement contract awards:ci' TotaL _____________________________ thous. of sq. yd __

Airports ____________________________________ _do ___ _ Roads _______________________________________ do ___ _ Streets and alleys ___________________________ _do ___ _

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

New permanent nonfarm dwelling units started: -unadjusted: · Total, privately and publicly owned ___ thousands __

Privately owned, totaL ___________________ do ___ _ In metropolitan areas ___________________ _cto ___ _

Publicly owned __________________ ------ __ _do ___ _ Seasonally adjusted at annual rate:

5,159 1, 212 2, 211 1, 737

77.4 77.0 54.6

.4

3, 544

2, 654

1, 362 1,045

277

772 274 305 97

413

890

324 98

239 229

3,904

2, 799

1, 460

764 129 435

1, 105

365 369

2,057

55,735 756

62,537 699

489

113

1, 590

2 6, 501 405

2 3, 955 2 2, 141

63.6 62.9 44.6

.7

3,198

2,324

1,137 885 214

722 269 269 97

357

874

339 93

225 217

3, 922

2, 736

1, 411

749 129 435

1, 186

375 441

2,300 892

1,407

63,288 914

73,260 817

400

169

1, 664

7, 163 1,499 3, 990 1,674

63.0 60.1 42.5 2.9

3, 007

2,226

1,043 790 217

704 270 257 102 365

781

302 80

195 204

3, 861

2, 740

1, 391

748 131 456

1,121

347 406

2, 161 838

1, 323

60,836 820

82, 109 875

278

188

1,436

7, 229 1, 489 4,425 1,316

65.8 63.1 45.1

2. 7

3, 295

2, 405

1, 162 870 258

709 269 264 112 409

890

345 84

230 231

3, 912

2, 752

1,383

763 132 459

1,160

366 434

3,078 1, 018 2,060

76,773 1,092

99,442 1,107

535

343

1,468

9,582 3,023 4,660 1,899

87.0 79.3 55.8

7. 7

3,657

2,603

1, 301 940 327

713 271 263 126 448

1, 054

375 89

330 260

3,906

2, 754

1, 361

771 133 472

1,152

381 407

2, 776 880

1. 896

63, 689 838

113,369 1, 232

453

253

1,460

7,816 1, 172 3, 702 2, 941

93.7 91.4 62.3 2.3

4,025

2,808

1,396 985 374

747 270 287 146 501

1, 217

383 I03 445 286

3,905

2, 751

I,32I

783 133 497

1,154

372 40I

3, 400 1, 279 2,120

80, 194 1, 120

120,206 1, 297

653

329

I,857

9, 772 2, 284 4, 209 3,279

103.0 96.9 66.7 6.I

4,308

2, 971

1, 489 1,070

379

786 270 309 159 518

1, 337

406 110 520 301

3, 900

2, 742

1, 324

779 I33 489

I, 158

380 406

3,243 1,323 1, 920

80,844 I, 186

106,370 1, 155

716

186

I, 56I

11,086 1, 917 6,151 3,017

99.9 94.5 64.7 5.4

84.6 82.8

4, 361

3,046

1, 547 1,115

392

778 262 311 169 535

1, 315

389 117 505 304

3, 833

2, 739

1, 349

751 I33 492

1,094

356 366

2, 901 1,002 1, 998

71,642 961

115,703 1, 287

467

186

1, 589

8,896 845

4,58I 3,471

99.9 93.9 62.I 6.0

S-7

\ August\ Septem-J October\ Novem-J Decem-

ber ber her

84.5 82.6

4, 56I

3,124

1, 571 I, 140

387

805 266 319 173 556

1, 437

414 138 550 335

3, 942

2, 787

1, 377

767 133 493

1, 155

372 374

2,818 802

2,016

68,569 1, 008

116, 905 1,284

394

132

1,805

5, 292 336

2, 497 2,459

IOO.O 96.8 64.9 3.2

84.7 82.6

'4,569

'3, 100

'1, 561 1,140 •374

802 260 322 159 560

'1, 469

'416 134 580

•339

'3, 977

'2, 790

'1,388

757 I33 495

'1, 187

•379 392

2, 625 816

1. 809

65,177 941

105,189 1, I51

416

116

1,247

4,844 282

1, 791 2, 771

'91. 9 •90.2 •60.9 •1.7

84.9 82.6

'4,495

•3,059

'1, 535 '1, 130

'357

806 256 332 I33 570

'1, 436

'406 132

'575 '323

'4,064

•2,833

'1, 414

761 133 510

'1, 231

•388 '429

2,614 787

1,827

66,362 910

106,636 1, 165

327

211

I, 700

6,668 749

3,143 2, 775

95.0 87.0 58.7 8.0

84.7 182.2

'4, 112

•2,942

r 1,484 '1,090

•343

802 251 332 114

'528

'1, 170

•364 '107 '410 '289

•4,043

•2,843

'1,434

758 134

'503

'1,200

•377 '427

2,371 867

1, 504

61,260 878

86,424 930

444

118

1,232

3, 950 65

2, 355 I,530

I 84.5 '82. 2

3,667

2, 705

I, 345 1,005

290

764 248 305 100 483

962

342 88

275 257

4,051

2,854

1, 444

755 133 508

1,197

385 423

967

78.0 62.0 75.7 60.8 51.5 41.8 2. 3 1. 2

Privately owned, totaJt ___________________ do ___ _ Residential construction authorized, all permit-issnlng

places:

1, 027. 0 1, 020.0 962.0 935.0 933.0 962.0 994.0 995.0 1,015.0 1,056.0 •1,012.0 1, 000.0 1, 010. 0 970. 0

New dwelling units, totaL _____________ thousands __ Privately financed, totaL ___________________ do ___ _

Units in 1 family structures ______________ _do ___ _ Units in 2 family structures _______________ do ___ _ Units in multifamily structures ____________ do ___ _

Publicly financed, totaL ___________________ _do ___ _

61.7 61.1 52.2 2.4 6.4 .7

48.1 47.5 39.1

1. 7 6. 7 .6

51.6 50.8 41.0 1. 9 7.9 .8

55.7 54.4 43.8

2. 5 8.1 1.3

72.8 72.7 60.5 2.8 9.3 .1

81.5 80.4 67.0 3.I

10.3 1.I

85.7 84.0 68.3 2.8

I2. 9 1. 7

79.6 '74. 7

61.5 '2.8 I0.4 4.9

'75. 9 73.6

'61. 0 2.8 9.9

'2.3

•80.3 '78.0

63.0 2.6

'12.4 2.3

'Revised. • Preliminary. a Revisions for October 1956 for construction contracts (mil. dol.): Public, 799; private, 1,644. 'Indexes based on 1935-39=100 are as follows: Measured by-wholesale prices, 44.2 (December); consumer prices, 49.2 (November and December). • Data include some contracts awarded In prior months but not reported. Q Includes data not shown separately.

tRevised series, reflecting nationwide coverage and new techniques for compiling data on residential buildings. §D:>t.a for November 1956 and January, May, Auvust, and October 1957 are for 5 weeks; other months, 4 weeks. ci'Data for January, May, July, and October 1957 are for 5 weeks; other months 4 weeks. tRevisions for 1954 appear in the October 19571ssue of the SURVEY.

71.9 70.7 58.2 2. 7 9.8 1.2

79.2 74.8 60.5 3.0

11.2 4.4

S-8 SURVEY OF CURRENT BUSINESS January 1958

Unless otherwise stated, statistics through 1956 and-~ 1956 I 1957

descriptive notes are shown in the 1957 edition of Novem-1 Decem- Janu- I Febru-1 I . I I I BUSINESS STATISTICS ber ber ary ary March April May June July

I

August I Septem-\ October I Novem-1 Decem-ber 1 ber ber

CONSTRUCTION AND REAL ESTATE-Continued

CONSTRUCTION COST INDEXES

Department of Commerce composite _____ 1947-49=HJO__ 134 134 134 135 135 135 136 137 455

138 138 11 138 138 ---------Aberthaw (industrial building) _____________ 1914=HXL --------- --------- --------- --------- --------- --------- ---------American Appraisal Co., The:

Average, 30 cities_ ------------------------1913= 100 __ Atlanta ____________________________________ do ___ _ New York ___________________________________ do ___ _ San Francisco _________ ---------- ____________ do ___ _ St. Louis ------------------------------- ___ do ___ _

Associated General Contractors (all types) _______ do ___ _ 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 ________________________ do ___ _ Brick and steeL ___________________________ do ___ _ Brick and wood ___________________________ do ___ _ Frame _____________________________________ do ___ _ SteeL_-------------------------- __________ do ___ _

Residences:

644 696 681 595 635 470

281.4 277.3 277.3

289.6 289.1 276.3 275.5 276.1

Brick ___________________________ ----- _____ _do____ 277. 6 Frame _______ ------- __________ ----- __ ----- _do____ 270. 6

Engineering News-Record:cf' Building _______________________________ 1947-49= 100_ _ 147. 9 Construction __________________________________ do____ 155. 4

Bu. of Public Roads-Highway construction:

647 699 687 594 638 470

281.9 277. 7 277.4

290.2 289.6 276.5 275.5 276.4

277.8 270.6

148.5 156.3

649 702 701 .?94 640 472

282.7 278.3 277.9

291.3 290.3 277.4 275.4 276.8

278.3 270.7

148.6 156.7

653 705 703 610 643 472

283.1 278.5 278.3

291.8 291.3 2'i'8. 1 275.3 278.4

278.6 270.8

148.3 156.4

654 710 704 610 644 472

283. /) 278.8 278.4

292.4 291.6 278.2 275.4 278.7

278.7 270.9

148.3 156.6

655 712 704 610 644 473

284.3 279.1 278.9

293.5 292.3 278.7 275.9 279.1

279.3 271.3

148.8 158.0

659 712 704 610 644 479

286.3 230.7 230.3

295.9 294.4 280.2 277.4 280.4

280.8 272.6

149.1 159.2

Composite, standard mile _________________ 1946=100 __ --------- 140.7 --------- --------- 142.6 --------- ---------

CONSTRUCTION MATERIALS

Output of selected construction materials, index: Iron and steel products ________________ 1947-49=100 __ Lumber and wood products ___________________ do ___ _

REAL ESTATE

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount _______ thous. of doL_ Vet. Adm.: Face amount_ _____________________ do __ _

Federal Home Loan Banks, outstanding advances to member institutions _____________________ mil. of doL_

New mortgage loans of rll savings and loan associa-tions, estimated totaL _________________ mil. of doL-

By purpose of loan: Home construction __________________________ do ___ _ Home purchase ______________________________ do ___ _ All other purposes ___________________________ do ___ _

New nonfarm mortgages recorded ($20,000 and under), estimated totaL _________________________ mil. of doL

Nonfarm foreclosures _________________________ number __ Fire losses_____ ------------------------thous. of doL_

ADVERTISING

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

Business papers _____________________________ do ___ _ Magazines ___________________________________ do ___ _ Newspapers _________________________________ do ___ _ Outdoor _____________________________________ do ___ _ Radio (network) _____________________________ do ___ _ Television (network) t- ______________ !950-52=100 __

Tide advertising index, unadjusted ______ !947-49=100 __

Television advertising: Cost of facilities, totaL ________________ thous. of doL

Automotive, including accessories ___________ do ___ _ Drugs and toiletries _________________________ _cto ___ _ Foods, soft drinks, confectionery _____________ do ___ _ Soaps, cleansers, etc _________________________ do ___ _ Smoking materials ___________________________ do ___ _ All other ____________________________________ do ___ _

Magazine advertising: Cost, totaL __________________________________ _do ___ _ Apparel and accessories ______________________ do ___ _ Automotive, incl. accessorles _________________ do ___ _ Building materials ___________________________ do ___ _ Drugs and toiletries _________________________ do ___ _ Foods, soft drinks, confectionery _____________ do __ __ Beer, wine, liquors __________________________ do ___ _

Household equipment and supplies __________ do ___ _ Household furnishings _______________________ do ___ _ Industrial materials __________________________ do ___ _ Soaps, cleansers, etc _________________________ do ___ _ Smoking materials ___________________________ do ___ _ All other_------------------------------ _____ do ___ _

145.5 120.5

145.1 103.1

213,072 174, 236 462,307 471, 652

1,153

784

277 360 147

2,108 2, 737

80,481

204 191 164 199 !54 38

380

225.7

44,079 4, 950

11,430 8,870 5,108 3,408

10, 313

73,091 5, 090 7, 246 2, 689 6, 712 8,205 3, 985

4, 421 3, .?27 6,101 I, 187 I, 733

22, 194

1, 228

710

250 320 140

1, 951 2,569

96,485

201 203 161 185 153 33

386

175.1

44, 762 4, 775

12,424 9,035 5, 266 3, 796 9, 466

55,814 4, 222 4,196 1, 124 5,064 6, 711 5, 283

3,166 2,106 4,278

876 1, 704

17,083

Linage, totaL _______________________ thous. of lines__ 4, 827 3,890

142.6 113.8

193,576 555,076

1, 038

714

245 326 143

1, 942 2, 771

115,272

135. 2 106.1

159, 145 430,560

976

709

243 318 149

1, 749 2,473

95,569

150.8 113.8

151.5 124.8

161, 535 157, 423 379, 822 349, 651

961

842

298 366 179

1, 937 2, 921

104,565

971

899

317 391 191

2,044 2, 983

85,994

DOMESTIC TRADE

207 207 164 203 167 35

373

169.6

43, 502 4, 567

12,624 9,648 5, 470 3,592 7, 601

38,354 1, 997 3, 747 1, 198 3, 521 5, 978 1, 478

1,142 I, 164 3, 729

522 1,084

12,795

4,025

206 213 !53 210 !53 39

361

190.7

39,385 3, 732

11,182 8, 891 5,139 3, 321 7, 121

54,612 3, 445 4, 509 2,350 5, 536 7, 879 2,305

2,840 I, 556 4,480

978 I, 578

17, 156

4, 768

203 203 156 203 !56 36

373

215.2

43,653 4, 470

11,984 9, 295 5, 583 3, 789 8,532

67,898 4, 904 5, 607 3, 557 6,002 8,883 3,117

3, 976 2,590 5, 795 1, 441 2, 017

20,008

5,489

207 207 162 202 164 37

373

230.7

41,222 3, 929

11,125 8, 761 5, 825 3, 810 7, 772

81,439 6, 206 7,053 5,145 7,028 9, 058 3, 696

5, 246 4,126 6,147 1, 526 1, 923

24,283

5, 431

156.5 131.2

154,288 286,291

993

968

360 412 197

2,144 2,894

79,045

210 207 165 208 164 34

382

233.1

43,378 4, 242

11,810 9, 270 6, 309 3, 901 7, 845

73,441 5, 544 6, 840 4, 453 6,332 7,681 3,054

4, 931 3,998 6, 258 I, 298 1, 561

21,490

4,815

664 712 705 609 656 485

288.3 282.7 281.7

297.8 296.4 281.6 278.7 282.6

282.2 273.9

149.8 159.9

142.7

163.0 124.6

--------- --------- --------- --------- --------- 452

668 712 705 610 660 488

290.5 284.7 283.1

300.1 300.2 283.3 230.0 287.9

283.5 275.1

152.9 163.1

140.9 113.8

668 712 705 624 660 488

290.6 284.8 283.2

300.1 300.2 283.3 280.2 287.9

283.6 275.2

152.6 162.9

151.8 129.7

670 713 705 625 660 490

291.0 285.0 283.2

300.7 300.8 283.5 279.8 288.5

283.6 275.0

152.8 162.7

142.8

'140.0 120.5

672 728 711 625 661 490

290.6 284.5 282.3

300.3 300.3 282.3 278.6 288.2

282.1 274.0

672 730 712 624 665 491

290.7 284.3 282.1

300.5 300.5 282.2 278.4 288.3

282.5 273.7

152. 8 ' 152. 7 162.8 162.9

148.7 130.3

672 729 711 622

~~

152.8 164 1

163, 633 191,490 184, 794 173, 582 232,048 231, 193 276, 147 268, 492 251, 483 '294, 506 279, 693 213,029

1,079

925

319 415 190

2,028 2, 745

69,710

209 217 160 205 170 35

384

205.2

39,517 3,864

11,585 7,482 5, 614 3, 771 7,201

61,899 3, 235 5, 967 2, 858 6,629 7,488 3,080

3, 972 2,138 5, 855 1, 244 1, 722

17,711

3,861

1,040

969

318 462 190

2, 211 2,839

77,814

214 218 164 202 180 40

406

170.2

38,760 3, 711

11, 749 7, 541 5, 720 3,899 6,142

42,969 884

3,888 I, 417 5, 836 6, 594 2,623

1, 651 1, 087 4,118

664 1, 425

12, 782

3,444

1, 072

1,001

331 470 200

2,208 2,852

78,364

215 206 166 214 170 40

405

173.6

38,849 3, 774

11,683 7, 541 5, 523 4, 366 5, 962

45, 501 4,403 3. 457 1, 748 5, 560 5, 410 2, 318

1, 146 1. 412 4, 319

484 1, 551

13,692

4, 483

I, 119

891

292 423 176

2, 026 2,979

72,264

216 217 162 221 !56 41

398

'213. 5

'40, 926 '4,667

' 11, 779 7, 862 5, 939 4,065 6,615

68,708 7, 716 3,143 3,801 7,064 7.354 3,320

2,634 3, 070 5, 921

781 1, 851

22,054

5,466

1, 131

980

341 443 196

1,143

768

250 358 160

2, 226 1, 877

77, 753 75,321 91,519

209 210 !58 200 !50 39

422

238.1

49,201 4, 904

15, 165 9, 331 5, 850 4, 967 8,984

74,298 6,096 3, 584 3, 230 8,401 8,282 4,057

4,000 4,456 5, 708 I, 084 2,035

23,364

5, 376 4, 971 3, 810

'Revised. ' For Aug. 26-Sept. 30 (earlier figures cover month ending the 25th day; later figures on calendar-month basis), §Copyrighted data; see last paragraph of headnote, p. S-1. cf'Data reported at the beginning of each month are shown here for the previous mont b. t Revised beginning July !955 to adjust for changing seasonal pattern. Revisions for July 1955-July 1956, respectively: 316; 320; 324; 321; 329; 329; 340; 352; 355; 364; 372; 376; 397.

January 1958 SURVEY OF CURRENT BUSINESS S-9

Unless otherwise stated, statistics through 1956 and I 1956 I 1957 descriptive notes are shown in the 1957 edition of N ovem-1 Decem- -J-an-u--'I'F-eb_r_u __ -,,--,,,--_-,,--,-,---,-,---,,---,, s---,,---,, N-.---.,--­BUSINESS STATISTICS ber ber ary ary March Apnl May June July August e~~m- October 'b~~m- D~:rm-

DOMESTIC TRADE-Continued

ADVERTISING-Continued

Newspa()<'r advertising: Linage, total (52 cities)----.---- .. -.-. thous. oflines.- 261, 994 243, 080 210, 509 207, 064 249, 527 245, 384 265, 599 240, 631 204, 045 216, 437 241, 294 259, 037 249, 980

Classified ___________________________________ do.... 54,469 50,337 55,141 53,264 62,923 59,081 64,494 61,194 56,490 58,103 58,999 57,457 52,316

Display, totaL-------------------- _______ .. do ___ _ Automotive .• ------ _________________ . ____ .do._ .. FinanciaL _________________________________ do ... . GeneraL ______________ .. --- ______ . ___ . ___ .do ... . RetaiL. ___________________________________ do ... .

. .fERSONAL CONSUMPTION EXPENDITURES

Seasonally ailjusted quarterly totals at annual rates: Goods and services, totaL _______________ bit. of doL

207,525 16,424 3, 330

38,510 149, 262

Durable goods, total~ _______________________ do .... _______ __ Automobiles and parts ... _________________ do .... ________ _ Furniture and household equlpment. ..... do .... ________ _

Nondurable goods, total~ ___________________ do .... ________ _ Clothing and shoes ________________________ do .... _______ __ Food and alcoholic beverages ______________ do .... ________ _ Gasoline and oiJ. __________________________ do .... ________ _

s.ii~r~~!~~~~~~~~~~~~::::::::::::::::::J~:::: ::::::::: Transportation ______ .. -- ... _________ ...... do ... _________ _

RETAIL TRADE

All reta!J stores: Estimated sales (unadjusted), totaL. .... m\1. of doL

Durable-goods stores~ .... ---- ______________ do ... -Automotive group .. __ ------. ______ ------ .do.---

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

Furniture and appliance group ____________ do .. .. Furniture, homefurnishings stores .. ____ .do .. --Household-appliance, radio stores .. _. ___ do .. --

Lumber, building, hardware group ________ do ___ _ Lumber, building-materials dealers ...... do .... Hardware stores _________________________ do. __ _

Nondurable-goods stores~------ _____________ do .... Apparel group. _________ ----- __ -------- ... do __ --

Men's and boys' wear stores _____________ do ___ _ Women's apparel, accessory stores ....... do .. .. Family and other apparel stores ......... do .. .. Shoe stores _________ ------------ ... _____ .. do.--.

Drug and proprietary stores _______________ do .... Eating and drinking places ________________ do __ __

F'3~o~~~~iores~ ~~===:: ::::::::::::::::: ::~~:::: Gasoline service stations ___________________ do ___ _

General-merchandise group ________________ do ___ _ Department stores, excl. mail-order ...... do .... Mail-order (catalog sales) ________________ do ___ _ Variety stores. __________ . ___ -------- ____ do.---Other general-merchandise stores ........ do ....

Liquor stores ____________________________ .. do.--.

16,493

5, 491 2, 907 2, 730

177

1,003 634 369

917 664 254

11,002 1,095

252 410 259 173

470 1, 158 3, 877 3, 435 1, 184

2, 030 1, 132

166 309 423 356

192,743 8,824 4,198

27.690 152,031

272.3

34.8 15.3 14.9

135.3 22.2 82.1 8.3

102.2 15.8 33.5

7. 8

19,380

6,172 3,122 2, 901

221

1,194 714 480

861 547 314

13,208 1,694

421 654 387 232

632 1, 201 4,052 3, 572 1, 182

3,033 1, 626

189 616 601 539

155,368 12, 555 5, 929

26,355 110,530

14, 740

4, 972 2,996 2, 858

139

776 478 297

659 476 183

9, 769 785 181 310 161 133

488 1, 096 3,690 3, 281 1, 137

1, 328 720 97

198 314 301

153,800 14,365 3, 215

30,009 106,212

14,058

4, 914 2, 948 2, 809

139

754 477 277

629 455 174

9,144 694 147 283 146 118

467 I, 055 3,480 3, 086 I, 067

1, 276 672 94

213 296 288

186,603 14,615 3,824

36,150 132,015

276.7

35.9 16.3 14.9

137.3 21.9 83.7

8. 5

103.4 16.0 33.9

7.8

15,788

5, 546 3, 317 3,154

163

806 517 289

758 551 208

10, 243 832 154 347 181 150

500 I, 140 3, 915 3, 499 I, 181

1, 493 811 100 240 342 325

186,303 16,663 4, 241

34,802 130,597

16,442

5, 765 3,391 3,208

183

809 509 300

856 634 221

10,678 1, 131

200 463 248 220

502 I, 153 3, 770 3, 345 1, 216

1, 705 (2) 110 289

(2) 309

201, 105 18,264 3, 564

37,609 141,668

17,205

6,190 3, 550 3. 353

197

873 550 323

993 740 253

IJ, 015 998 192 422 207 177

520 1, 253 4,043 3,613 I, 293

I, 723 (2)

121 273

(2) 335

179,436 16, 615 4,078

33,432 125, 311

278.9

35.0 15.5 14.9

139.1 22.0 85.0

8. 7

104.9 16.2 34.3 7.9

17,114

6, 288 3,609 3,399

210

916 550 366

979 731 248

10,826 994 218 381 210 185

511 1, 289 3, 977 3, 531 1,321

1,680 (2)

105 276

(2) 330

147. 555 14,214 4, 509

24,217 104,614

16,864

6,058 3,418 3,175

242

863 523 340

1,008 770 238

10,806 855 175 338 187 156

,;13 I, 384 4,029 3, 573 I, 383

I, 540 (2)

104 264

(2) 346

158,334 14,522

2, 754 24,611

116,448

17,490

5,995 3,352 3,126

226

912 577 334

1,032 798 234

11,495 967 177 390 222 178

528 1.420 4, 353 3, 876 I, 374

1, 774 (2)

125 294

(2) 370

182,295 13,339 3, 442

33,294 I32, 220

283.6

35.0 15.3 I4. 9

142 .• '; 2.1.1 86.6 8. 7

106.1 16.4 34.7

7. 9

16,373

5, 615 3, 078 2, 894

184

853 533 3I9

977 752 225

IO, 757 I,OIO

I83 398 239 I89

515 I, 291 3, 937 3, 482 I, 262

1, 696 (2)

117 272

(2) 335

201,580 16,188

4, 233 38,492

I42, 667

16,949

5,605 2, 945 2, 753

192

919 576 342

1, 035 795 240

11,345 I, 083

216 434 258 I75

559 1, 263 4,102 3, 647 1, 287

1,838 (2)

138 288

(2) 350

197,664 19,476 3, 723

32,294 142, 171

'17, 126

5, 514 '2, 977

2, 790 188

'962 614 348

903 674 229

11, 6I2 '1, 133

235 448 274 175

'532 '1, 205 '4, 233 '3, 769 r 1, 262

'2,008 (')

159 310

(2) 379

I 19,661

12,974

I 1,157

11,722

'703 1 1, 216 14,146 13,660 I I, 280

I 3,071

Estimated sales (seasonally adjusted), totaL .. do.... 16,212 16,340 16,295 16,356 16,298 16,437 16,644 16,783 17,034 17,030 16, 919 16,714 '16, 556 1 16,677

Durable-goods stores<;!--------- ______________ do .. .. Automotive group _________ . ______________ .do .. ..

Motor-vehkle, other automotive dealers.do .. .. Tire, battery, accessory dealers __________ do ___ _

Furniture and appliance group ____________ do .... Furniture, homefurnishings stores ....... do ___ _ Household-appliance, radio stores ....... do .. ..

Lumber, building, hardware group ........ do .. .. Lumber, building-materials dealers ...... do .. __ Hardware stores ...... --- ... __ ----- ...... do .. --

Nondurable-goods stores~---------------_ ... do ___ _ Apparel group ____________________________ do .... Men's and boys' wear stores _____________ do ___ _ Women's apparel, accessory stores _______ do ___ _ Family and other apparel stores ......... do .. .. Shoe stores.------------------------- .... do ... .

Drug and proprietary stores _______________ do .. .. Eating and drinking places ________________ do .. ..

F'l'l~o~~~~torei_-_-_-~ :: == ::::::::::::::::: :~~:::: Gasoline service stations __________________ do .. ..

General-merchandise group ______________ .. do .. .. Department stores, excl. mail-order ...... do .. .. Mail-order (catalog sales) ________________ do .. .. Variety stores ... __________________ ...... do .. .. Other general-merchandise stores .. ____ .. do .. __

Liquor stores ______________________________ do.---

5, 664 3,159 2, 983

176

912 569 344

889 653 236

10,547 1, 004

216 380 229 179

488 1, 188 3, 778 3, 351 I, 179

1, 760 960 122 302 376 339

5, 814 3, 285 3, 104

I8I

932 575 356

869 630 240

10,526 991 209 396 218 169

497 1, 194 3, 826 3,396 I, 164

1, 738 954 122 289 372 338

5, 706 3, 324 3, 151

173

856 541 314

848 608 240

10, 588 980 217 376 212 174

484 1, 182 3, 825 3,392 1, 213

1, 722 936 118 281 387 331

5, 747 3, 264 3, 081

183

899 578 321

866 622 245

10,608 992 210 383 222 I78

492 1, 219 3, 821 3, 385 I, 220

1, 718 922 114 289 393 340

5, 685 3, 165 2, 976

189

905 578 327

876 630 246

10, 614 956 192 384 212 168

511 1, 216 3, 817 3, 397 1, 246

1, 741 954 114 286 387 344

5, 631 3, 194 3, OI2

182

880 545 336

849 624 224

10,806 1,020

200 405 235 181

519 1, 218 3, 925 3,490 1, 259

1, 717 (2)

119 290

(2) 343

'Revised. 1 Advance estimate. 2 Comparable data not available; series temporarily discontinued. ~Includes data not shown separately.

5, 776 3,265 3,075

190

862 520 342

905 674 231

10,867 990 198 403 224 165

526 1, 242 3,931 3, 512 1, 269

1, 759 (2)

130 295

(2) 353

5,806 3, 246 3, 051

196

919 551 367

901 656 244

10, 977 995 204 398 225 168

518 1, 245 3, 986 3, 542 1, 264

1, 771 (2)

121 292

(2) 356

5,839 3,304 3, 085

218

877 536 341

914 689 225

11, 195 1,038

218 412 231 176

524 1, 257 4, 027 3, 566 1, 281

1~861 \2)

132 305

(2) 362

5, 740 3,245 3,037

208

897 564 334

915 687 229

11,290 1,092

220 443 241 188

534 1, 278 4,057 3,598 1, 272

1.861 (2)

I30 302

(2) 354

5, 722 3,190 2, 995

194

902 574 327

918 691 227

11, 197 1, 050

215 430 232 173

543 1, 235 4,112 3, 643 1, 255

1,803 (2)

121 302

(2) 364

5,612 3,180 3,002

178

838 520 318

905 691 215

11,102 1,029

216 415 228 170

571 1, 215 4,109 3, 651 1, 250

1, 706 (2)

124 293

(2) 352

'5 606 a: 159 2, 975

184

870 546 324

874 664 211

'10, 950 1,001

192 407 231 170

551 1, 233 4,028 3,586 1, 254

1, 704 (2)

119 285

(2) 342

1 5,486

I 11, 191

S-10 SURVEY OF CURRENT BUSINESS January 1958

Unless otherwise stated, statistics through 1956 and I 1956 I descriptive notes are shown in the 1957 edition of Novem-1 Decern-BUSINESS STATISTICS her ber

1957

J:~~- I F;~~u-1 March I April I May I Juue I July I August I Septem-1 October I Novem-1 Decem-ber her her

DOMESTIC TRADE-Continued

RETAIL TRADE-Continued

All retail stores-Continued Estimated inventories:

Unadjusted, totaL ____________________ mil. of doL 24, 750 22,400 22,890 23,650 24,340 24,510 24,440 23,840 23,660 24,040 24,270 '24, 500 25,260 ----- ~ --Durable-goods stores __ --------------- _____ do ____ 10,450 9,940 10,380 10,800 11,040 11,220 11,170 10,970 10,880 10, 970 10,690 10,380 11,040 ---------Nondurable-goods stores ___________________ do ____ 14,300 12,460 12,510 12,840 13,300 13,290 13,270 12,870 12, 780 13,070 13, 580 '14, 120 14,220 ---------

Seasonally adjusted, totaL __________________ do ____ 23,490 23,860 24,010 23,910 23,700 23,670 23,950 24,090 24,140 24,250 24,360 '24, 220 24,290 -- ------Durable-goods stores\! _____________________ do __ 10,420 10,700 10,770 10,850 10,670 10, 590 10,740 10,800 10,850 11,040 11, 120 '10, 950 11,200 -- ------Automotive group ________ ------------ __ _do ____ 3, 700 4, 020 4,110 4, 380 4,350 4, 290 4,420 4,460 4, 440 4, 620 4, 690 4, 460 4, 580 -- ------Furniture and appliance group __________ do ____ 2,070 2,020 2, 020 1, 980 1, 930 1.920 1, 950 1, 970 1, 960 1, 990 1, 950 1, 950 1, 980 -- -----· Lumber, building, hardware group ______ do~ ___ 2,190 2, 220 2, 220 2,130 2, 080 2,090 2,100 2,100 2,130 2,090 2,100 2,100 2, lfJO --------

Nondurable-goods stores\! _________________ do ____ 13,070 13, 160 13, 240 13,060 13,030 13,080 13, 210 13, 290 13,290 13,210 13, 240 '13, 270 13,090 ---------Apparel group ____________ -------- _______ do ____ 2, 760 2, 850 2,840 2, 750 2, 680 2, 720 2, 730 2, 710 2, 730 2, 650 2, 690 2, 700 2, 640 ---------Food group _______________ --------- ______ do ____ 2, 800 2, 700 2, 760 2, 740 2, 700 2, 730 2, 790 2, 810 2, 830 2, 880 2, 860 2, 840 2,820 ---------General-merchandise group ______________ do ____ 4, 250 4,180 4,150 4,030 4,060 4,030 4,060 4, 140 4,140 4,100 4, 090 '4, 180 4,140 ---------

Firms with 11 or more stores: Estimated sales (unadjusted), total\! ________ do ____ 3, 669 4, 641 2, 917 2, 797 3, 276 3, 412 3, 551 3, 456 3, 267 3, 660 3,337 3, 597 3, 798 ---------

Apparel group\! ___________________________ do ____ 247 382 155 144 194 281 222 227 182 207 222 232 244 -------Men's and boys' wear stores _____________ do ____ 24 38 13 11 15 21 19 20 16 15 16 21 24 -- -··--·--Women's apparel, accessory stores _______ do ____ 103 166 63 61 83 114 97 92 80 94 90 96 103 --- -----Shoe stores _______ ---------------- _______ do ____ 65 99 47 43 57 92 67 74 57 63 71 64 66 -- ------

Drug and proprietary stores _______________ do ____ 76 121 74 73 80 80 83 84 83 85 82 87 87 ---------Eating and drinking places ________________ do ____ 68 73 65 63 70 69 73 76 78 80 75 74 71 ---------Furniture, homefurnishings stores _________ do ____ 43 49 33 33 36 38 38 35 32 37 36 41 42 ---------

General-merchandise group\! ______________ do ____ I, 269 1, 910 805 765 922 1, 064 1, 081 1,060 953 I, 109 1, 054 1, 136 1, 239 -- ------Department stores$--------- ____________ do ____ 749 1,075 491 449 563 640 668 654 568 654 640 679 729 ---------Dry-goods, other general-merchandise stores$

121 182 71 64 79 95 93 99 mil. cf doL 90 116 100 110 120 -------Variety stores __________________ ------- __ do ____ 238 470 150 161 183 223 204 206 196 220 202 215 238 ---------Grocery stores _____________________________ do ____ 1, 439 1,472 1, 364 1, 295 1, 493 1,367 1, 512 1,427 1, 398 1, 590 1, 356 1,478 I, 579 ---------Lumber, building-materials dealers ________ do ____ 65 52 45 45 50 58 68 67 69 73 69 70 58 ---------Tire, battery, accessory stores _____________ do ____ 63 88 w 48 57 66 74 78 80 73 62 68 67 ---------

Estimated sales (seas. adj.), total\! _________ _do ____ 3, 404 3, 425 3,371 3, 360 3,416 3, 427 3, 493 3, 509 3,582 3, 631 3, 559 3,458 3, 454 ---------

Apparel grou~ I! ___________________________ do ____ 228 228 215 215 215 228 218 222 229 244 229 219 220 ---------Men's and oys' wear stores _____________ do ____ 19 19 17 17 17 18 19 19 23 23 21 20 19 ---------Women's apparel, accessory stores _______ do ____ 96 97 90 92 92 98 92 93 95 103 97 92 93 ---------Shoe stores ____________ ---------------- __ do ____ 68 67 68 65 63 68 64 65 64 68 66 64 67 ---------Dr1.:0: and proprietary stores _______________ do ____ 80 83 79 81 84 84 84 86 84 87 87 87 90 ---------Eating and drinking places ________________ do ____ 71 71 70 72 72 70 72 74 74 76 72 71 73 ---------Furniture, homefurnishings stores ________ _do ____ 37 42 42 40 37 40 34 37 35 36 38 37 35 ---------General-merchandise group\! ______________ do ____ 1,085 1,067 1,068 1,046 1,099 1,066 1, 116 1,125 1, 172 1,168 1,132 1, 051 1,043 ---------Department stores$ _____________________ do ____ 636 631 638 616 662 632 666 692 710 699 685 616 612 ---------

Dry-goods, other general-merchandise stores$ mil. of doL 104 99 100 98 103 98 101 100 106 114 107 100 100 --------·-

Variety stores ____ ------------------ _____ do ____ 226 219 216 221 222 221 224 218 230 230 22.5 218 216 -------Grocery stores _______ ------------------ ____ do ____ 1,384 1, 409 1, 400 1, 405 1, 399 I, 42~ 1, 440 1, 432 1, 453 1,492 1, 472 1, 472 1, 471 ---------Lnmber, building-materials dealers ________ do ____ 65 65 58 59 59 58 63 62 62 61 62 59 58 ---------Tire, battery, accessory stores ____________ _do ____ 65 65 65 64 66 67 69 70 72 68 68 67 68 ---------Department stores:

Accounts receivable, end of month:d' 174 '231 '187 '159 '147 '153 '154 '150 Charge accounts _____________________ 1947-49= 100 __ '138 '139 '152 '159 171 ---------Installment accounts ________________________ do ____ '331 365 '355 '349 '344 '342 '341 '337 '328 '330 '331 '336 346 ---------

Ratio of collections to accounts receivable: Char~e accounts __________________________ percent__ 47 45 '45 44 48 45 46 46 45 47 46 '48 48 ---------Installment accounts ________________________ do ____ 16 14 15 14 15 15 15 14 15 15 15 15 15 ---------

Sales by type of payment: Cash sa1es ___________________ percent of total sales __ 44 46 44 44 44 44 44 45 44 45 43 43 44 ---------Char~e account sales ________________________ _do ____ 44 43 42 43 43 43 43 42 42 42 44 44 43 ---------Installment sales ____________________________ do ____ 12 11 14 13 13 13 13 13 14 13 13 13 13 ---------

Sales, unadjusted, total U. St----------1947-49=100 __ '170 '240 '102 '104 '114 '131 '132 '131 'Ill '127 '139 '134 '163 p 243 Atlanta ______________________________________ do ____ '203 '290 '128 '136 '151 '165 '165 '153 '145 '161 '165 '167 p 193 ---------Boston _______________________ ------- ________ do ____ '158 '234 '95 '97 '99 '121 '123 '122 '90 '102 '122 '117 p 144 ---------Chicago _____________________________________ do ____ '165 '223 '95 '97 '109 '124 '126 '126 '104 '124 '136 '127 p 154 ---------Cleveland ________________ ----- ______________ do ____ '161 •224 '98 '101 '105 '126 '122 '120 '107 '123 '134 '125 p !59 ---------Dallas _____________________ ------------ ______ do ____ '186 '279 '124 '126 '138 '148 '156 '153 '151 '158 '157 '158 p 183 ---------Kansas City ________________________________ _do ____ '170 '249 '102 '106 '118 '134 '139 '137 '128 '141 '149 '142 p 16! ---------Minneapolis ________ ----- ____________________ do ____ '152 '220 '90 '96 rt03 '124 '127 '116 '104 '130 '139 '138 • 145 ---------New York ___________________________________ do ____ '160 '218 '99 '98 '104 '116 '120 '121 '92 '104 '126 '126 • !58 ---------Philadelphia _________________________________ do ____ '177 '234 '97 '98 '115 '129 '131 '130 '96 '110 '134 '132 •170 ---------Richmond ___________________________________ do ____ '188 '272 '104 '107 '126 '149 '146 '140 '118 '135 '150 '148 • 178 ---------St. Louis ____________________________________ do ____ '175 '237 '101 '105 '117 '134 '138 '129 '114 '132 '143 '13S • 163 ---------San Francisco _______________________________ do ____ '166 '255 '109 '108 '115 '133 '134 '139 '125 '139 '141 '135 • 162 --------..1

Sales, seasonally adjusted, total U. St _________ do ____ '139 '137 '133 '136 '137 '131 '135 '138 '138 '144 '136 '129 '134 •139 Atlanta ___________________ ------ ____________ _do ____ '175 '168 '165 '165 '164 '162 '172 '175 '175 '179 '172 '159 • 166 ---------Boston ______________________________________ do ____ '130 '129 '120 '129 '122 '117 '123 '122 '125 '130 '114 '116 • 118 ---------Chicago _____________________________________ do ____ '135 '131 '125 '129 '131 '125 '128 '129 '131 '139 '130 '121 •125 ---------Cleveland ___________________________________ do ____ '131 '128 '125 '131 '130 '122 '126 '128 '132 '139 '134 '121 •129 ---------Dallas ___________ ---------------------- _____ _do ____ '163 'lf\1 '157 '161 '161 '151 '!58 '168 '170 '170 '163 '152 • 161 ---------Kansas City ________ -------- _________________ do ____ '146 '!44 '135 '145 '144 '137 '141 '142 '145 '147 '147 '136 • 139 ---------Minneapolis _________________________________ do ____ '132 '132 '123 '129 '131 '123 '126 '126 '130 '138 '130 '119 p 125 ---------New York ___________________________________ do ____ '125 '123 '123 '124 '124 '118

'1241 '125 '126 '135 '122 '119 • 123 ---------

tr~:,a~~~.f!~------~~~~ ~ ~ ~ ~ ~ ~ ~::::::::::::::::::: ~~:::: '133 '132 '130 '129 '133 '130 '133 '139 '131 '138 '128 '129 •128 ---------'!50 '149 '147 '149 '152 '148 '148 '152 '147 '!58 '144 '141 •142 ---------St. Louis ______________________ -------- _____ _do ____ '145 '140 '133 '137 '139 '136 '137 '139 '139 '147 '145 '126 • 135 ---------San Francisco ______________________________ _do ____ '143 '143 '137 '141 '146 '137 '141 '148 '141 '144 '141 '134 p 140 ---------

' Revised. • Preliminary. \!Includes data not shown separately. $Revised beginning January 1956 to reflect change in previous classification of certain stores to department stores in accordance with 1954 Census of Business· unpublished revisions

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

308; August, 309. tRevised series. See corresponding note on p, S-11.

January 1958 SURVEY OF CURRENT BUSINESS S-11

1957 Unless otherwise stated, statistics through 1956 and I 1956 I

descriptive notes are shown In the 1957 edition of N ovem-1 Decem- J anu- I Febru-1 I I I BUSINESS STATISTICS ber ber ary ary March April May June I July I August I Se~~~m-1 October I Nobe~m-1 D~<;;n·

DOMESTIC TRADE-Continued

RETAIL TRADE-Continued

Department stores-Continued Stocks, total U.S., end of month:t

Unadjusted ___ - ______________________ 194 7-49 = 100 __ '173 '137 '135 '142 '155 '159 '155 '146 '144 '150 '160 '172 p 174 ---------Seasonally adjusted __ ----·------ ____________ do ____ '152 '151 '150 '149 '150 '152 '152 '153 '154 '153 '154 '155 p 153 ---------

Mail-order and store sales: Montgomery Ward & Co _____________ thous. of doL_ 120, 131 150, 615 63,367 I 55, 515 I 70,062 I 87,374 I 90,288 I 82,764 I 80,002 I 90,498 188,603 1107, 707 I 109,470 1149,473 Sears, Roebuck & Co __________________________ do ____ 362,433 444,955 246,908 223,750 269, 815 307,394 338, 262 335,812 308,538 344,491 314,876 329,811 344,687 441, 531

WHOLESALE TRADE t

Sales, estimated (unadi.), totaL ____________ bil. of doL. 12.0 11.4 11.4 10.4 11.1 11.3 11.6 11.0 11.4 11.7 11. 2 12.3 11.1 ---------Durable-goods establishments _________________ do ____ 4. 5 4.2 4.3 4.0 4.3 4.3 4.4 4. 2 4. 3 4.3 4. 2 4. 5 3. 9 ---------Nondurable-goods establlshments _____________ do ____ 7. 5 7. 2 7.1 6.4 6.9 6.9 7. 2 6. 7 7.1 7. 4 7.0 7.8 7. 1 ---------

Inventories, estimated (unadj.), totaL _________ _do ____ 13.2 12.9 12.9 12.8 13.0 12.8 12.6 12.5 12. 5 12.7 12.8 12.9 13.0 ---------Durable-goods establishments _________________ do ____ 6.4 6.3 6.4 6. 5 6. 7 6. 7 6. 7 6. 7 6.6 6.6 6. 7 6.6 6.6 ---------Nondurable-goods establishments ____________ _do ____ 6.8 6.6 6.5 6.3 6.2 6.1 5.9 5.8 5. 9 6.1 6.1 6.3 6.4 ---------

EMPLOYMENT AND POPULATION

POPULATION

Population, continental United States: Total, Incl. Armed Forces overseas .••••• thousands __ 169,291 169,541 169,800 170,045 170,270 170,510 170, 737 170,981 171,229 171,510 171, 790 172,069 172,327 172,554

EMPLOYMENT Noninstitutional population, estimated number H

years of age and over, totaL ___________ thousands __ 119,344 119,481 119,614 119,745 119,899 120,057 120, 199 120,383 120,579 120,713 120,842 120,983 121, 109 121,221

Total labor force, Including Armed Forces(!) ___ do ____ 70,560 69,855 2 68,638 2 69,128 2 69,562 2 69,771 2 70,714 2 72,661 2 73,051 2 71,833 '71,044 2 71, 299 2 70,790 2 70,458

Civilian labor force, totaL __________________ do ____ 67,732 67,029 2 65,821 2 66,311 2 66,746 2 66,951 2 67,893 2 69,842 2 70,228 2 68,994 2 68,225 2 68.513 2 68,061 2 67, 770 Employed _________________________________ do ____ 65,269 64,550 2 62,578 2 63,190 2 63,865 2 64,261 2 65,178 2 66,504 2 67,221 2 66,385 2 65,674 2 66,005 2 64,873 2 64,396 Agricultural employmeut. ______________ do ____ 6,192 5,110 2 4, 935 2 5,195 2 5,434 2 5, 755 2 6,659 2 7, 534 2 7, 772 2 6, 823 2 6, 518 2 6, 837 2 5,817 2 5, 385 Nonagricultural employment ____________ do ____ 59,076 59,440 2 57,643 2 57,996 2 58,431 2 58,506 2 58,519 2 58,970 2 59,449 2 59, 562 2 59, 156 2 59,168 2 59,057 2 59,012 Uuemployed ______________________________ do ____ 2,463 2,479 2 3,244 2 3,121 2 2,882 2 2,690 2 2, 715 2 3,337 2 3, 007 2 2, 609 2 2, 552 22,->08 2 3,188 2 3, 374

Not In labor force$ ---------------------------do ____ 48,783 49,626 2 ->0,973 2->0,617 2 ->0,337 2 50,286 2 49,485 2 47,722 2 47,528 2 48,880 '49, 797 2 49,684 2->0,318 2 50,763

Employees in nonagricultural establishments: 53,152 Total, unadjusted (U.S. Dept. of Labor) ______ do ____ 53,007 53,639 51,716 51, 704 51, 919 52,270 52,482 52,881 52,605 52,891 '53, 043 '52, 807 p 52,992

Manufacturing ______________________________ do ____ 17, 180 17, 159 16,959 16,945 16,933 16,822 16,762 16,852 16, 710 16, 955 16,905 '16, 783 ' 16, 581 p 16,333 Durable-goods lndustries __________________ do ____ 10,067 10,071 9,990 9,992 9, 976 9, 927 9. 895 9,913 9, 756 9,802 9, 710 '9, 687 '9, 593 p 9, 426 Nondurable-goods lndustries ______________ do ____ 7,113 7,088 6,969 6,953 6,957 6,895 6,867 6, 939 6, 954 7,153 7,195 7, 096 •6,988 v 6, 907

Mining, totaL _______________________________ do ____ 837 837 832 833 831 833 835 858 857 862 853 837 '829 • 820 MetaL _______ -------------------------- __ -do ____ 111 111 110 110 110 111 112 112 113 112 110 '106 '105 p 104 Anthracite ______ -------------------- ______ do ____ 31 32 31 31 30 29 27 31 31 27 28 '27 24 --------Bituminous coaL __________________________ do ____ 241 242 242 243 240 239 239 242 231 238 237 237 236 p 235 Crude-petroleum and natural-gas production

thousands __ 335 336 337 339 339 340 340 355 362 363 356 '347 346 --------Nonmetallic mining and quarrylng ________ do ____ 119 116 112 110 112 115 118 119 119 121 121 120 '119 p 116 Contract constructiou _______________________ do ____ 3,174 2, 997 2,667 2,673 2, 756 2,906 3,082 3, 232 3, 275 3, 305 3, 285 '3,224 '3,059 p 2, 833

Transportation and public utilities '<1--------do ____ 4,184 4,194 4,126 4,120 4,147 4, 153 4,156 4,181 4,199 4, 215 4,206 r 4,159 '4, 123 p 4,100 Interstate railroads ____ -------------- ______ do ____ 1,174 1,173 1, 139 1,133 1,132 1,136 1, 137 1,145 1, 140 1,149 1,137 '1, 115 1,082 --------Local railways and bus lines _______________ do ____ 109 109 108 109 109 108 108 108 108 108 108 '107 105 --------Trucking and warehousing ________________ do ____ 839 843 817 819 820 821 821 829 833 838 854 855 855 --------Telephone _________________________________ do ____ 760 759 757 761 764 766 767 770 782 782 772 '767 766 --------Telegraph _________ ---------------_----- ___ do ____ 42 42 41 42 42 42 42 42 42 42 41 41 40 --------Gas and electric utillties ___________________ do ____ 572 571 570 570 571 573 573 582 590 590 584 578 578 --------

Wholesale and retail trade ___________________ do ____ 11,657 12, 260 11,298 11,225 11,265 11,428 11,411 11,505 11,493 11,499 11,620 '11, 664 '11, R45 p 12,324 Wholesale trade ___________________________ do ____ 3,119 3,149 3,106 3,114 3,117 3,114 3,113 3,140 3,166 3,179 3,180 '3, 200 '3,211 p 3, 215 Retail trade\? ____________________________ do ____ 8,538 9,111 8,192 8, 111 8,148 8, 314 8, 298 8,365 8, 327 8,320 8,440 '8, 464 '8,634 p 9, 109 General-merchandise stores _____________ do ____ 1, 600 1, 970 1,388 1,333 1, 343 1, 402 1,382 1,380 1, 347 1,352 1,419 '1, 447 T 1, 560 p !, 900 Food and liquor stores __________________ do ____ 1, 588 1, 612 1, 575 1, 587 1, 591 1,603 1, 601 1, 607 1, 606 1, 600 1,614 '1,622 '1, 651 p 1, 665 Automotive and accessories dealers ______ do ____ 804 817 794 793 796 796 798 804 807 805 801 •802 •810 p 812

Finance, insurance, and real estate __________ do ____ 2,314 2,308 2,293 2, 301 2, 310 2, 320 2,329 2, 359 2,390 2, 389 2,361 r 2, 356 '2, 356 p 2, 353 Service and miscellaneous\? _________________ do ____ 6,327 6,295 6, 239 6, 273 6,317 6,432 6,520 6, 551 6, 524 6, 509 6, 541 '6, 547 '6, 51.5 p 6, 480

Hotels and lodging places _________________ do ____ 488 482 474 481 482 499 513 540 598 598 527 '488 480 --------Laundries ___________________ -----_----- __ .do ____ 332 330 330 328 328 329 334 337 338 333 330 '328 325 --------Cleaning and dyeing plants _______________ do ____ 164 163 161 159 160 164 168 168 163 156 161 164 162 --------

Government._--------------------- _________ do. ___ 7,334 7, 589 7,302 7,334 7,360 7,376 7,387 7, 343 7, 157 7, 157 7,381 '7, 473 '7,499 p 1, 749

Total, seasonally adjusted _____________________ do ____ 52,441 52,541 52,493 52,577 52,547 52,593 52,698 52,773 52, 815 52,844 52,662 '52, 469 '52, 237 p 51,895 Manufacturing ______________________________ do ____ 17,072 17,106 17,053 16,995 16,962 16,965 16,946 16,924 16,880 16,836 16,681 '16, 604 '16, 474 p 16, 281 Durable-goods industries __________________ do ____ 10,019 10,035 10,006 9,980 9, 945 9, 928 9, 915 9, 907 9, 869 9, 844 9, 700 '9, 649 '9, 548 p 9, 390 Non durable-goods industries _____________ -do ____ 7,053 7,071 7,047 7,015 7,017 7,037 7, 031 7,017 7,011 6, 992 6, 981 '6, 955 '6, 926 p 6, 891

Mining _____________________________________ _do ____ 833 833 832 833 831 841 843 854 861 853 849 837 '825 • 816 Contract construction __________ ------ _______ do ____ 3,067 3,074 2, 963 3,020 3,062 3,059 3,097 3,108 3,061 3,032 3,028 '3,013 •2,956 p 2, 906 Transportation and public utilities __________ do ____ 4,173 4,169 4,188 4,168 4,168 4,160 4, 159 4,164 4,168 4,184 4,175 '4, 148 '4, 112 p 4, 076 Wholesale and retail trade ___________________ do ____ 11,388 11,408 11,465 11,519 11,490 11,->01 11,542 11, 579 11,636 11,669 11,620 'll, 590 ' 11, 571 p 11, 471 Finance, insurance, and real estate __________ do ____ 2,326 2, 320 2,316 2, 324 2,322 2,320 2,329 2,336 2,343 2, 354 2,361 '2, 368 2, 368 p 2, 365 Service and miscellaneous ___________________ do ____ 6,327 6, 359 6,366 6,401 6,381 6,400 6, 424 6,454 6, 492 6.477 6, 508 '6, 482 '6, 515 p 6, 545 Government_ _____ -------- ------------------do ____ 7, 255 7, 272 7, 310 7,317 7,331 7,347 7,358 7, 354 7, 374 7, 439 7,440 '7, 427 '7, 416 p 7, 435

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

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

tSee corresponding note on p. S-3. Ell Estimates beginning January 1957 reflect certain changes In definitions for employment and unemployment as follows: Two small groups of persons formerly classified as employed are

now classified as unemployed (except for the subgroup "in school and waiting to start new jobs" which is now counted as not in the labor force). Estimates for December 1957 on the old basis, comparable with data shown through 1956, in order as shown above (thous.): 70,480; 67,792; 64,652; .5,391; 59,262; 3, 140; 50,741. Data on the old basis for earlier months of 1957 are shown in pre· vious issues of the SURVEV.

\1 Includes data for industries not shown separately.

S-12 SURVEY OF CURRENT BUSINESS January 1958

Unless otherwise stated, statistics through 1956 and I 1956 I 1957 descriptive notes are shown In the 1957 edition of N ovem-1 Decem- Janu- I Febr -~ I . I I I BUSINESS STATISTICS ber ber ary aryu March April May June July I August I Septem-J October! Novem-1 Decem-

her ber ber

EMPLOYMENT AND POPULATION-Continued

EMPLOYMENT-Continued

Production workers In manufacturing Industries: Total (U. S. Dept. of Labor) ____________ thousands __ 13, 392 13,350 13, 150 13,114 13,085 12,960 12,894 12,955 12,788 13, 024 12,992 '12, 893 '12, 719 p !2, 482

Durable-goods industries ____________________ do ____ 7, 839 7,827 7, 740 7, 721 7, 693 7, 635 7,600 7, 603 7, 432 7, 476 7, 397 • 7, 389 '7,318 p 7, 160 Ordnance and accessorles __________________ do ____ 82 83 81 79 79 78 77 76 74 75 73 '70 68 p 68 Lumber and wood products (except furniture)

thousands __ 605 628 594 589 593 612 638 659 645 645 631 '623 '598 p .575 Sawmllls and planing mills ______________ do ____ 347 336 323 319 319 329 338 346 343 346 339 331 323 -------Furniture and fixtures ____________________ do ____ 320 320 312 313 312 312 308 311 309 317 319 317 312 p 307

Stone, clay, and glass products ____________ do ____ 470 465 453 449 451 455 456 459 443 459 461 456 '448 •438 Primary metal industries\? ________________ do ____ 1,134 1, 135 1, 133 1, 124 1, 112 I, 101 1,093 1,093 I, 075 I, 077 1, 061 '1, 049 '1, 028 p 1,004 Blast furnaces, steel works, and rolling mills

thousands._ 564 563 559 559 554 549 546 547 543 541 534 '523 508 -- ------Primary smelting and refining of nonferrous

metals ___________________________ thousands._ 56 57 57 55 55 55 54 54 53 53 52 51 51 -------Fabricated metal prod. (except ordnance, rna-

chinery, transportation equip.) ____ thousands __ 911 908 904 902 898 889 883 887 869 878 878 889 '888 p 874 Machinery (except electrical) ______________ do ____ 1, 262 1, 277 1, 287 1, 294 1, 291 1, 277 1, 255 1, 239 1, 207 1,180 1, 186 •1, 166 • I, 144 p 1, 123 Electrical machinery ______________________ do ____ 913 900 884 877 869 853 847 855 848 861 879 '869 853 p 825 Transportation equipment\? ______________ do ____ 1, 438 1, 478 1, 481 I, 482 1, 474 1, 446 1, 435 1, 415 1, 373 I, 363 1,278 '1, 321 • I, 364 p 1,362

Automobiles __________ ---------- _______ .do ____ 694 715 710 700 689 663 652 632 603 610 531 '590 Of\5 ---------Aircraft and parts _______________________ do ____ 579 589 595 603 603 602 598 594 585 574 501 549 520 ---------Ship and boat building and repa\rs ______ do ____ 113 118 120 122 125 123 126 128 126 125 12c 124 125 ---------Railroad equipment_ ____________________ do ____ 44 49 50 50 50 51 51 53 52 46 52 50 47 -- ------Instruments and related products _________ do ____ 235 233 231 230 231 230 226 224 221 225 225 '223 '223 p 217

Miscellaneous mfg. !ndustries _____________ do ____ 419 401 379 381 382 382 383 386 369 395 407 '405 '393 p 370

Nondurable-goods industries ________________ do ____ 5, 553 5, 523 5,410 5, 393 5,392 5, 325 5,294 5, 352 5, 356 5, 548 5,595 '5, 504 '5, 401 p 5, 322 Food and kindred products<;? ____________ ,do ____ 1, 125 1,076 1,015 987 989 990 1,004 1,056 1, 120 1,194 1, 218 '1, 143 '1, 074 p 1, 031

Meat products __________________________ do ____ 284 283 270 258 255 253 253 258 261 259 263 '264 265 ---------Dairy products _________________________ _do ____ 69 68 67 65 67 69 72 76 77 75 70 67 65 ---------Canning and preservJng ________________ ,do _____ 185 152 134 129 127 135 136 164 221 292 313 '229 162 ---------Bakery products ____ --------------- _____ do ____ 175 173 168 169 168 168 169 172 173 173 172 172 171 ---------Beverages _________ ------------------- __ .do ____ 124 118 111 109 115 113 121 127 130 125 125 '122 120 --------

Tobacco manufactures ____ -------- _______ .do ____ 96 93 88 84 77 74 73 73 71 90 98 94 '86 p 82 Textile-mill products\? ____________________ do ____ 955 948 935 933 929 919 911 913 895 911 912 '906 '893 p 886

Broadwoven fabric rnllls ________________ do ____ 423 421 418 415 410 407 402 401 396 400 399 397 391 -------Knitting mills ___________________________ do ____ 202 195 189 190 193 192 193 197 191 197 197 195 192 --------Apparel and other finished textile products

thousands._ 1,092 1, 093 1, 076 1,095 1,098 1,069 1, 039 1, 045 1, 024 1, 084 1,084 1,075 '1,072 p 1, 063 Paper and allied products _________________ do ____ 470 472 468 466 467 467 465 469 459 465 469 '470 '468 p 465

Pulp, paper, and paperboard mills _____ _do ____ 231 234 232 232 231 231 230 233 227 229 229 229 228 -- --- ~-

Printing, publishing, and allied industries thousands._ 564 566 557 555 559 559 555 556 552 553 563 567 '566 p 565

Chemicals and allied products _____________ do ____ 546 547 549 548 550 549 544 535 529 530 533 '5.)2 '529 p 527 Industrial organic chemicals ____________ do ____ 212 214 214 212 211 208 207 206 203 201 200 '197 W9 -------Products of petroleum and coa)__ _________ ,do ____ 176 174 172 173 173 173 174 175 175 175 175 '173 '172 p 168 Petroleum refining ______________________ do ____ 134 133 133 132 132 133 133 133 133 133 133 '131 131 -------Rubber products __________________________ do ____ 194 216 216 213 211 191 204 197 200 204 206 '210 '209 p 204 Tires and inner tubes ___________________ do ____ 70 87 87 87 87 71 85 78 84 84 84 •84 84 -- ------Leather and leather products ______________ do ____ 335 338 336 340 341 334 325 333 332 341 336 334 333 p 331 Footwear (except rubber) _______________ do ____ 215 220 221 222 223 219 214 219 219 222 218 '215 215 --------

Production workers in manufacturing industries, seasonally adjusted:

TotaL __________________________________ thousands .. 13,283 13, 297 13,238 13, 156 13, 109 13,094 13,073 13,026 12,969 12,915 12, 775 '12, 717 '12, 614 p !2, 431 Durable-goods industries ___________________ .do ____ 7, 790 7, 790 7, 753 7, 706 7, 662 7,637 7, 621 7, 598 7, 548 7, 517 7,388 '7,350 '7,272 p 7,127 Nondurable-goods industries. _______________ do ____ 5, 493 5, 507 5, 485 5, 450 5, 447 5, 457 5, 452 5, 428 5, 421 5, 398 5,387 '5, 367 '5,342 p 5, 304

Production workers in manufacturing industries: Indexes of employment:

Unadjusted __________________________ 1947-49=100 __ 108.3 107.9 106.3 106.0 105.8 104.8 104.2 104.7 103.4 105.3 105.0 '104. 2 '102. 8 p 100.9 Seasonally adjusted _________________________ do ____ 107.4 107. 5 107.0 106.4 106.0 105.9 105.7 105.3 104. 9 104.4 103.3 '102. g '102. 0 p 100. 5

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

z, 174.7 United States, continentaL ____________ thousands __ 12,456.2 2, 170.1 2, 173.3 2,176.4 2, 178.5 2,175.8 2, 184.4 2, 192. 0 2, 184. 7 2, 152.7 2, 128.9 2,121.0 ---------Washington, D. C., metropolitan area _____ do ____ 210.4 1218.5 211.4 211.6 212.0 211.9 211.4 215.2 216.0 214.3 210.6 210.2 209.4 ---------Railway employees (class I railways): TotaL-------- _________________________ thousands._ 1, 062 1, 054 I, 029 1,020 I, 021 1,024 1,038 1, 043 I, 041 1,040 1,028 '1,007 97S 954 Indexes:

Unadjusted ________________________ 1947-49= 100 __ 79.7 78.8 77.1 76.5 76.6 76.8 77.8 78.3 78.1 78.0 77.1 '75.5 '73.1 p 71.2 Seasonally adjusted _______________________ do ____ 81.5 80.5 76.5 76.6 77.2 77.9 76.7 76.6 76.5 76.7 76.9 77.1 '74.8 p 72.8

PAYROLLS

Manufacturing production-worker payroll index, un-adjusted (U.S. Dept. of Labor) ________ J947--49=100 __ 168.2 171.4 165.5 165.0 164.3 161.5 161.0 163.8 160.5 164.7 164. 7 '162. 6 '161. 1 p 158.1

LABOR CONDITIONS

Average weekly hours per worker (U. Labor):

s. Dept. of

All manufacturing industries ________________ .hours __ 40.5 41.0 40.2 40.2 40.1 39.8 39.7 40.0 39.7 40.0 39.9 39.5 '39. 3 •39.3 Average overtime _________________________ do ____ 3.0 3.1 2.6 2. 5 2. 5 2.3 2. 2 2.4 2.4 2.4 2. 5 2.3 •2.3 p 2. 0 Durable-goods industries ____________________ do ____ 41.2 41.9 40.9 40.9 40.8 40.5 40.3 40.5 40.0 40.3 40.2 '39. 8 '39. 7 p 39.6

Average overtime _______________________ do ____ 3.3 3. 5 2.9 2. 7 2. 6 2. 4 2. 3 2.4 2. 3 2. 4 2. 5 2.3 2.2 •1.9 Ordnance and accessories __________________ do ____ 42.0 42.6 42.0 42.0 41.6 41.4 40.7 40.7 40.0 40.1 40.1 39.9 •40.0 p 40.3 Lumber and wood products (except furniture)

hours __ 40.0 39.8 39.1 39.6 39.7 40.0 40.2 40.7 39.4 41.1 39.0 •40.2 •39.1 p 38.9 Sawmills and planing mills ______________ do ____ 40.0 39.5 38.7 39.2 39.4 39.7 40.0 39.9 38.8 40.5 39.2 '39.8 38.8 ---------Furniture and fixtures _____________________ do ____ 40.5 41.3 39.8 40.2 40.2 39.7 39.2 39.7 39.3 40.7 40.9 40.7 '39. 6 p 40.2

Stone, clay, and glass products ____________ do ____ 41.1 41.2 40.3 40.6 40.7 40.4 40.8 40.9 40.4 40.9 40.8 '40. 6 40.1 p 39.6 Primary metal industries\? ________________ do ____ 40.6 41.2 41.0 40.3 40.1 39.8 39.6 40.2 39.7 39.3 39.4 '38. 5 • 38 I p 37.8

Blast furnaces, steel works, and rolling mills hours __ 40.3 40.9 40.9 40.1 39.7 39.5 39.2 39.8 39.4 38.7 38.8 •38.0 37.3 ---------

Primary smelting and refining of nonferrous metals ______________________________ .hours __ 41.1 40.8 41.2 40.8 40.7 40.7 40.9 41.0 40.5 40.4 40.3 '40.1 40.1 ---------• Revised. • Preliminary. t Includes Post Office employees hired for Christmas season; there were about 284,000 such employees in continental U. S. in December 1956. 9 Includes data for industries not shown.

January 1958 SURVEY OF CURRENT BUSINESS

1957 Unless otherwise stated, statistics through 1956 and r 1956 \

descriptive notes are shown in the 1957 edition of N ovem-1 Decem-BUSINESS STATISTICS her her J:~;- I F~~;u-11\Iarch I April I May I June I July

EMPLOYMENT AND POPULATION-Continued

LABOR CONDITIONS-Continued

Avera~e weekly hours per worker, etc.-Continued All manufacturing industries-Continued

Durable-goods industries-Continued Fabricated metal prod. (except ordnance, ma-

chinery, transportation equipment) __ .. hours __ Machinery (except electrica!) ______________ do __ __ Electrical machinery _____________________ .do .. __

Transportation equipment\? ______________ do .. __ Automobiles. ______________ ------------ .do ... _ Aircraft and parts _______________________ do Ship and boat building and repairs ...... do. Railroad equipment _________________ .... do.

Instruments and related products _________ do Miscellaneous mfg. industries. ____________ do.

Nondurable-goods industries __ ------------- .do. __ _ Average overtime _______________________ do ___ _

Food and kindred products\?------------ .. do __ __ Meat products._----------------------- .do. __ _ Dairy products ___________ ---------- __ ... do. __ _ Canning and preserving _________________ do .... Bakery products. ____ ----------------_ .. do. __ _ Beverages. ______________________________ do .. __

Tobacco manufactures _____________________ do_._ Textile-mill products I'. ___________________ do .. __

Broadwoven fabric mills _________________ do __ __ Knit tin~ mills _______________ ... ____ ..... do ....

Apparel and other finished textile prod .... do .. .. Paper and allied products _________________ do .. ..

Pulp, paper, and paperboard mills ...... do .. .. Printin~. publishing, and allied industries

hours .. Chemicals and allied products _____________ do __ __

Industrial organic chemicals _____________ do .... Products of petroleum and coaL ___________ do __ __

Petroleum refining .. ____________________ do ... . Rubber products. ______________________ do .. .

Tires and inner tubcs ____________________ do_ Leather and leather products ______________ do.

Nonm:~~~::c0

t:ri~:ci:~:s~~i::~l.- --------- .... do. ·r Mining:

!\IctaL ......... -------- ...... _____________ do. __ Anthracite .. __ ............... __ . _____ ..... do ___ .

41.3 41.7 41.0

42.2 42.8 42.4 38.8 39.2

40.8 40.3

39.6 2. 7

41.3 43.3 42.5 3~. 9 40.5 39.8

38.9 40.2 40.7 38.3

36.1 42.7 43.8

38.6 41.5 41.2 40.9 40.9 40.5 40.6 36.9 36.1

42. 1 42.6 41.2

43.6 4.1. 0 42.9 40.3 40.4

41.0 40.6

39.7 2. 6

40.9 41.3 42.2 37.9 40.3 39.9

39.8 40.2 40.9 37.8

36.3 4:l. 0 44.2

' 39. I 41.6 41.3 41.0 41. 1 41.4 41.7 37.7 37.2

40.8 41.9 40.4

41.7 41.3 42.6 40.2 40.3

40.7 40.0

39.1 2. 3

40.2 40. 7 41.8 37. 8 39.8 39.2

38.8 39.1 39.7 36.8

35.9 42.3 43.9

38.3 41.3 41. 1 41.1 41.3 40.9 41.4 38.0 37.9

41.9 35.9

41.0 41.0 40.9 40.9 41.2 41.9 41.8 41.4 41.1 41.1 40.6 40.5 40.3 40. 1 40.3

41.5 41.1 40.6 39.9 40. 1 41.2 40.3 39.4 39.1 39.6 42.3 42.2 42.0 40.6 40.6 40.0 40.0 40.2 40.3 40.4 40.4 40.6 40.5 39.9 39.8

41.0 40.7 40.6 40.2 40.5 40.3 40.6 39.9 39.8 39.9

39.3 39.1 38.9 38.9 39.2 2. 3 2. 3 2. 2 2. 2 2. 4

40.1 39.8 40.0 40.4 40.9 39.8 39.3 39.9 40.7 41.1 41.7 42.0 41.9 42.6 43. 1 37.9 37.1 37.4 37.8 38.0 40.0 39.8 40.2 40.4 40.9 39. 5 39.4 39.8 40.1 40.6

38.5 37.9 36.8 39.1 38.6 39.2 38.9 38.6 38.4 38.9 39. 1 39.0 38.8 38.6 38.9 37.3 37.2 37.0 36.8 37.3

36.1\ 36.5 35.7 35.8 35.8 42.3 42.3 42. 1 42.0 42.2 43.7 43.5 43.4 43.3 43. 1

38.5 38.8 38.5 38.4 38.4 41.2 41.2 41.2 41.2 41.2 40.9 40.8 40.9 41.0 41.1 40.8 40.7 41.2 40.9 40.9 40.7 40.7 41.4 40.9 40.9 40. 9 40.4 40.0 40.0 40.9 41.0 40.0 40.1 40.1 41.4 38.3 38.0 36.9 36.3 37.8 38.1 37.9 36.5 35.6 37.4

41.4 41.2 40.8 41. o 1 41.0 32.0 27.8 31.1 30.8 34.3

40.7 40.7 39.7

39. 5 38.5 40.4 40.5 40.0

40.1 39.5

39.4 2. 5

41.5 40. 8 43.7 41.4 41.0 41.4

39.6 38.6 38.8 37.2

36.1 42.3 43.4

38.3 41.0 40.9 41. 5 41.4 41.3 42. 5 38.1 37.9

40.6

S-13

I A t I Septem-1 October \Novem-1 DocQID-ugus ber ber her

41.0 41.4 40.5 40.7 40.2 40.2

40.2 39.7 40.0 39.3 40.4 40.2 40.2 39.4 39.6 40. 1

40.0 40.4 40.0 40.3

39.5 39.6 2. 5 2. 6

40. g 41.2 40.2 41. 1 42.3 42.2 40.7 41.0 40.6 40.3 40.7 40.1

38.4 39.8 3\l. 1 39.1 39.3 39.4 37.9 37.9

36.8 36.7 42.5 42. Q 43.3 43.6

38.5 38.7 41.0 41.2 41.0 41.0 40.G 41./i 40.0 41.2 40.9 40.6 41.0 40.3 38. 1 37.2 37.8 36.6

41.2 41.3

'40. 7 40.2

'39.4

'39. 5 '39.1

40.1 '39.0

38.7

39.9 '40. 0

'39. 0 '2. 4

'40. 2 '40. 7

41. f> 38.2 40.0

'39. 4

38.3 39.1 39.5 37.8

35.9 '42. 4

43.4

38.4 41.0 40.8

'40. 6 '40. 2

40.1 '39.1

36.8 36.1

'39.8 '31. 5

'40. 5 '39. 6 '39. 5

'40. 7 42.0 40.1 37.0 39.7

'40. 1 '39. 7

3S. 7 2. 3

'40. 5 41.2 41.4 3fj. 9 40.0 39.2

'37.0 '38 .. 1

38.9 37.2

'35. 4 41.8 42.9

'37. 9 41.0 40.8

'40 .. 1 40.6 39.9 39. 1

'3!1. 5 35.7

39.5 27.6

'

p 40.0 p 40.5 p 39.6

p 39.8

p 39.9 p 39.8

p 38.9 p 2. 2

p 40.6

p 38.0 p 38.8

p 35.3 p 41.9

p 38.6 p 41.2

p 40.5

p 40.4

p 37.3

Bituminous coaL __________________________ do ___ _ Crude-petroleum and natural-gas production:

41.2 33.9 36.2

42.7 3fl.3 38.7 37.5 38.4 37.4 37.0

31.3 3fi. 3 35.8 37.6 ·-·36~3- 3(). 5 36.9 '36. 4 34.1

Petroleum and natmal-gas production .. hours .. Nonmetallic mining and quarryiug ........ do.

Contract construction__ _____________ do_ Non building construction _________________ do_ Building construction ..................... do.

Transportation and public utilities: LoL'al railways and bus lines _______________ do_ Tclephone ................................. do Telegraph ......... _ ...................... _ do Gas and electric utilitics ___________________ do

Wholesale and retail trade: Wholesale tmdc .......................... do. Retail trade (except eating and drinking places) I'

hours __ General-merchandise stores ______________ do ___ _ Food and liquor storcs ................... do. __ Automotive and accessories dealers ______ do ___ _

Service and miscellaneous: Hotels, year-round .. ___ ................... do ... . Laun<lrit>s _________________________________ do ___ _ Clmning and dyeing plants ............... do .. ..

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

Work stoppag<'S ..... --------------------.number .. 'VorkPrs involved ___ ------------------ thousands_

In offPct during month: \Vork stoppagrs __________________________ number __ '\Vorkers involved _____________________ thousands __ Man-days idle during month ................ do .. ..

U. S. Employment Service placement activities: i'Jonagricultural placements _____________ thousands __

Unemployment compensation, State and UCFE pro­grams (Bureau of Employment Security):

Initial claims ............................ thousands .. lnsmed unemployment, weekly average .. _ .... do ....

PC>rccnt of covered en1ployment* ------------------

Benrfit paymrnts: Brm_'ficia.ries, \veckly avcrage ________________ do ___ _ Amount of payments ................ thous. of doL.

Veterans' unemployment a!lo,vances: Initial elaims ............................ thousands .. Insun'll unemployment, weekly avcrage _______ do .... Bt•ncfieiariPs, weekly averagc __________________ do ___ _ Amount of paymcnts .................. thous. of doL.

r RrviS<'d. p Preliminary. I' Includes data for industries not shown.

40.6 44.5 36.6 39.7 35.8

43.2 41.0 41.6 41.5

40.5

38.0 34. 1 37.2 43.7

40.6 39.9 39.5

242 158

403 204

1, 460

474

973 1, 013

2. 6

796 91,700

21 28 31

3,168

' 41.5 43.6 3fi.8 39.2 36.3

4:l. 4 39. :J 41.6 41.2

)

)

40.7

38. !l 36.2 37.0 43.8

40.7 40. 1 39.1

114 29

240 53

472

410

1, 229 1, 285

3. 2

941 104,245

23 35 40

3, 883

41.6 40.6 40. 5[ 40.3 42.0 43.1 43.4 4:l. 3 34.7 3(). 9 3fl. 7 :l6. 8 37.2 :19. !l :l9. 4 39. 1 34. 1 36.3 36.0 36.2

43.0 42.7 42. g 43.0 :l8. 7 39.0 38.7 :18.7 41.7 41.8 41.9 41. 4 40.9 40.8

I

40.8 40.9

40.2 40.2 40. 1 40.0

38.2 38.2 38.0 38.0 64.6 34.3 34.1 34.4 :JG. 8 36.7 36.6 36. 7 4:3.8 43.9 43.8 43.8

40.4 40.3 40.6 40.2 39.8 39.8 39.9 40.0 38.7 38.2 38.7 40.2

225 225 250 400 60 60 80 150

325 350 375 525 so 130 120 190

550 825 775 1, 380

433 387 425 480

1, 565 1, 002 897 1, 099 1, 737 1, 730 1, 592 1, 475

4. 4 4. 3 4. 0 3. 6

1, 4.53 1, 530 1, 500 1, 311 177, .598 164, 860 168, 841 154, 329

31 23 21 18 45 49 47 39 53 62 62 51

5, 572 5, 594 5, ss6 I 5, 155

40.4 41.2 41.2 40 .• 5 44.3 45.0 44.9 4.1. (i 37.2 37.8 37.9 3S. 3 39.8 40.7 41.8 42. I 36.4 36.9 36.8 37. 2

43.7 44. 1 43.7 43. 4 39.0 39.2 39.5 3S. 9 42.5 42.2 42.2 41.9 40.7 40.9 41.2 41.0

40. 1 40.2 40.4 40.4

38.0 38.2 38.6 38.7 34.0 34.4 34. (i 3t II 36.7 37.1 37.9 37.7 44.0 43.9 43.9 43.9

40.4 40.2 40.3 40. r. 40.3 40.4 39.8 39.4 40.3 40.0 38. 1 37.6

475 400 400 350 190 140 160 140

650 600 625 575 2fi0 220 260 220

1, 850 1, 850 2, 500 1, 600

534 528 533 536

1, 001 881 1, 267 842 1, 350 1, 251 1, 285 1,151

3. 3 3. 0 3.1 2.8

1,199 1,172 1, 061 1, 022 145,657 123, 540 130,130 121,333

lti 24 20 21

341 33 34 35

40 40 41 43 4, 222 3, 710 4, 539 4, 40G

41.8 40 .. ) 4.1.0 '44. 7 37.7 37.5 40.8 40.6 36.8 36.6

43. 5 '43. 0 38.8 39.2 41.9 41. 5 40.9 41.0

40.4 40.2

38.1 37.6 34. 2 33. 7 36.7 36.1 43.8 '43. 6

40. I '40.0 39.6 r 39.4 39.2 '38. 9

300 300 270 100

52.1 500 315 185

1, 670 1, 350

561 540

1,032 1,193 1, 167 1, 237

2. 8 3. 0

975 1, 020 113,325 131,832

16 18 29 24 39 28

3, 793 3,013

40.3 42.4 64. R 31\. 4 I 34.3

43. o I 40 1 I 41.0 41. 0

40.0

a- ' I (.d

33.7

~u 1

40.0 39 0 37.8

!50 325

50 100 700

4061

1, 34fl 1, 513

3. 6

1, 14fi

'oo•a I 21 30 32

3,104

p 100 p 220

p 20 p 40

p 400

2, 112 5. 1

*New series. Expresses average insured unemployment in each month as a percenta~e of average covered employment for the most recent 12-month period for which data arc available: the lag for covered employment data may range from 6 to 8 months. l\1onthly data for January 19:i3-8eptember 19.16 are available upon request.

S-14 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1956 and I 1956 I 1957 de~criptive notes are ... shown in the 1957 edition of Novem-1 Dec_em- Janu- I Febru-1 I . I I I BUSINESS STATISTICS her her ary ary March Apnl May June July

El\IPLOYJ\IENT AND POPULATION-Continued

LABOR CONDITIONS-Continued

Labor turnover in manufacturing establishments: Accession rate ...... monthly rate per 100 employees .. Separation rate, totaL ________________________ do ___ _

Discharge ___________________________________ do ___ _ Lay-off _____________________ ---------- ______ .do. __ _ Quit. ______________________ ------------- ____ .do. __ _ Military and miscellaneous __________________ do.

WAGES

Avera~e weekly gross earnings (U. S. Department of Labor):

All manufacturing industries ________________ dollars __ Durable-goods industries.-----------------_ .oo ___ _

Ordnance and accessories __________________ rlo ___ _ Lumber and wood products (except furniture)

dollars .. Sawmills and planing mills ______________ do ___ _

Furniture and fixtures ____________________ .do. __ _ Stone, clay, and glass products ____________ do ....

Primary metal industries\' ________________ do .. Blast furnaces, steel works, and rolling mills

dollars .. Primary smelting and refining of nonferrous

metals____________ _ _____________ dollars __ Fabricated metal prod. (except ordnance, ma-

chinery, transportation equip.) ________ dollars._ M achincry (except clectricc.:) ____ •. ------.do. __ _ Electrical machinery _______________________ do. __ _

Transportation equipment<;! --------------do ___ _ Automobiles _____ -----------------------do ___ _

Aircraft and parts _______________________ do ___ _ Sllip and boat bui:<ling and repairs ...... do ___ _ Railroad equipment_ ___________________ _cto ___ _

Instruments and related products _________ do ___ _ Misccllancons mfg. industries. ____________ do ___ _

Non durable-goods industries_. ______________ do ___ _ Food and kindred products<;! ______________ do ___ _

Meat products __ --------------------- __ .do. __ _ Dairy products __________________________ do ___ _ Crmning and preserving _________________ do ___ _ Bakery products_ -----------------------do. __ _ Beverages. _______ .. ___ ._----- _____ . ____ .do. __ _

Tobacco manufactures _____________________ do. __ _

T~~~,~;{~.~~g~o~%;1~ in-ills.~~~===::::::::: :3b:::: Knitting mills ___________________________ do .. __

Apparel and other finished textile products dollars ..

Paper and allied products ________ . _________ do .... l Pnlp, paper, and paperboard mllls ______ do ... .

Printing, publishing, and allied industries . . dollars __ !

Chcmwals and allled produets _____________ do ... . Industrial organic chcmicals _____________ do ..... l

Products of petroleum and coaL ___________ cto. I Petroleum refining ______ ------------- __ .oo.

Ruhhcr products _________ -----------------do __ Tires and inner tubes ____________________ do __

Leather and leather prooucts ______________ do .. Footwear (except rubber) •••••••••••••• .do. __ _

N onmanufacturing industries: Mining:

MetaL ___ -------------------------··-··---do .... Anthracite __________ --------------- ______ .do. __ Bituminous coaL _______________________ .. do ___ _ Crude-petroleum and natural-gas production:

Petroleum and natural-gas production dollars ..

Nonmetallic mining and qnarrying ________ do ___ _ Contract construction ________ -------------- _do ___ _

Non building comtruction. ________________ do .. __ Building constrnction ____________________ _cto ___ _

Transportation and public utilities: L<>cal railways and bus lines _______________ do ___ _ Telephone ____________ ------------------_ oo. __ . Telegraph _______ .. _______________________ cto. __ Gas and rleetric utilities ___________________ do ...

Wholesale and retail trade: Wholesale trade ... _ ---------------------.do. __ _ Retail trade (except eating and drinking places) ~

dollars __ General-merchandise stores_-------- _____ do ___ _ Food and liquor stores ___________________ do ___ _ Automotive and accessories dealers ______ do ....

Finance. insurance, and real estate: Banks and trust companics ________________ do ___ _

Service and miscellaneous: Hotels, year-round __ ----------- ___________ do ___ _ Laundries ____ .... __ ._. --------------------do ____ l Cleaning and dyeing plants .•.•.•.••••.•.. do ....

r Revised. v Preliminary. \'Includes data for industries not shown.

3. 0 3.3 .3

1.5 1.3 .2

82.22 88.99 94.50

70.80 71.20 69.66 82.61

99.06

105. 18

93.71

87.56 93.83 83.23

100.86 105.72

98.37 90.40 93.30

83.64 71. 73

i2. 86 78.06 91.80 75.23 57.56 74.93 85.97

.16. 41 60.30 59.42 55.15

53.43

84.55 02.86

94. 57 89.23 94. 76

105. 11 1119.20 87.89

103.53 .16. 09 52.71

96.00 91. 19

106. 79

101.50 87.22

102.48 100.84 102.75

85.97 77. OS 84.03 !l4. 21

83.03

60.42 42.63 63.98 81.72

62.35

42.63 42.29 .10.56

2. 2 2.8 .2

1.4 1.0 .2

84.05 91.34 96.70

69.25 69.13 71. 45 82.81

100. 94

107. 16

93.43

90.09 \16.70 84.46

105. 95 112.95

100. 39 94. 71 98.58

84.87 72.67

73.84 77. 71 87.14 75.54 Gl. 02 73. 75 86.18

liS. 90 f\0. 30 59.71 ii4. 43

ii4.45

85.57 94. 15

96.19 89.86 f/5. 40

105.37 10\l. 74 92. 74

109. 2ii ii7. 30 54.31

99.92 107. 4.1 llii. 33

104. 58 85.46

103.78 99. !16

104.91

86.80 7f. 46 84.03 93.94

83.84

.sn. 83 43.80 63.27 81.91

62.86

43. 14 42.91 .\0. 05

3. 2 3.3

. 2 1.5 1.3 .3

82. 41 89.16 95. 76

67.25 66.95 fl8. 46 81.41

101.27

108. 79

94.76

86. no 9!i. 11 82.82

99.25 100.36 I 99. 26 93. 67 98. 74

84. 66 72.40

72. 73 77. 18 87.10 75.66 fll. 99 73. 23 84.67

57.81 58. 65 57. 57 53.36

53.49

84. 18 93.07

94. 22 89. 21 94.94

106. 45 110. 68

\11.21 107.04

57. 76 55. 71

98.05 105. 55 110. 63

104.83 82.32 98.55 94.86 99. 57

86.86 73.92 SG. 32 92.84

82.81

61. 50 43.94 63.66 82.34

63.82

42.42 42.59 49.92

2. 8 3. 0

. 2 1.4 1.2 .2

82.41 88.75 96.18

68. 51 GS. 21 69. 5.) 81.61

99.14

105.06

93. 43

87.33 9.). 11 83.23

98.36 P9. 29

98.56 \14. 40 98.98

8.\. 69 72.94

73.10 77.39 8.5. 57 7fl. ()fi Gl. 78 74-. 00 85. 72

57. 37 58. so 56.70 54.09

ii4. 30

84. GO 93.08

95.48 89.40 1

94.89 i

104. 4.) 107.80 90.80

I%. 19 58.60 56.39

97.29 95.36

112. 51

101.91 84.05

104. 80 101.38 105. 63

I

~~: ~~ I Sti. 94 I 92.6:.:

82.81

61.50 43.90 63.86 82.53

63.74

42.321 42.59 48.90

2.8 3. 3

. 2 1.4 1.3 .2

82. 21 88.94 95.68

70.27 69.74 69.55 82.21

98.65

104.01

93.61

87.74 95.30 83.43

m.82 97.12

99.17 94.80

100.28

85.47 73.49

73.12 711. 81 83.71 76.02 61. .19 73.23 86.29

57. 99 58.35 56.55 54.31

M. 75

84.60 \!2. 66

96.61 89.40 95.06

104.110 108.26 89.28

102.40 58.52 56.47

97.23 79.79

109. 58

101.2.\ 84.63

104. 23 100.47 104.76

86.66 74. 30 87.57 93.02

83.01

61. 56 43.65 63.68 82.78

63.89

42.63 42.69 49.54

2.8 3. 3

. 2 1.5 1.3 .2

81.59 88.29 95.63

72.00 70.67 68.28 81.20

97.91

103.89

94.02

87.94 94.39 83.02

96.22 94. 17

99.12 94.87

100.44

85.26 72.22

72.74 77. 20 84.99 75.84 62.8:3 74. 37 87.16

57.04 57.90 56.26 53.65

52.84

84.20 92.44

95.87 89.40 95.30

106.71 !Ill. 9.1 87.60

103.46 56.83 54.39

97.10 92.06

111. 74

100. 75 84.87

104. 88 100.88 105. 70

87.29 I 74.69 I 86. 11 94. 07

82.80

61. .16 44.38 63.86 83.22

63.78

42.21 43.20 52.26

3.0 3.4 .3

1.5 1.4 .3

81.78 87.85 94.02

73.16 72.00 67.82 82.42

97.42

102.31

94.89

88.34 93.71 82.21

94.56 93.84

94.60 96.32 98. 55

84.42 72.04

73.13 78.38 86.28 77.53 62. 7.J 75. 55 88.62

61.78 57.60 55.97 53.73

52.98

84.42 92.23

96.38 90.64 96.35

106. 75 !HI. 84 88.80

103.46 65.90 53.04

97.58 88.70

107.76

104. 23 87. 71

106.39 103. 88 107.02

88. 71 75.60 89.25 93.61

8:.l.81

62.32 44.54 64.59 84.48

63.67

43.23 43.93 52.79

3. 9 3.0 .2

1.1 1.3 .2

82.80 88.70 94.83

74.89 73.42 69.08 83.44

99.70

104. 67

95.53

89.40 94.53 83.02

96.24 97.42

95.00 96.15 99.10

8.5. 411 71.82

74.09 78.94 87.1:! 78.87 Gl.18 711.89 91.35

60.99 58.35 56.41 54.46

53.34

85.67 93.53

96.38 91.88 97.82

108.79 11:>. 70 91.21

107.23 fi8.21 55.73

98.81 100 .. 10 1!4. 68

109.18 90.45

108. 11 106.63 108.49

~9. 96 76. 44 88.62 95.:30

84.82

63.41 45. 75 65.67 8.5.17

63.80

43.42 44.04 52. 40

3. 2 3.1 .2

1.3 1.4

. 2

82.18 88.00 93.00

71.71 70.23 68.38 82.82

100.44

107.17

95. 18

89.13 93.61 81.39

9.5. 20 94.71

94.94 97.20

100.80

84.61 71.50

74.47 79.27 87.31 80.85 64.17 77.49 92.74

63.76 57.90 56.26 53.94

54.15

87.14 95.48

96.13 \!2. 25 98. 16

111.64 115.92 94.1G

112.20 58. 2\l 56.09

100.28

112.17

110.00 90.70

109.15 110.77 108.93

90.02 76.63 88.62 96.41

85.65

64. 46 45.67 67.46 84.73

64.52

43.93 43.38 49.91

January 1958

I August I Septem-1 October I Novem·J Decem-ber ber ber

3. 2 4. 0 .3

1.6 1.9 .3

82.80 89.06 93.83

75.62 74.12 71.63 84.25

99.82

10.5. 65

96.96

90.20 93.15 82.81

97.69 98.80

96.15 97.28 99.79

84.00 72.00

74.26 77.71 85.22 77.83 65.93 76.33 89.95

57.22 58.65 56.99 55.33

55.20

87.55 95.26

9fl. 64 92.25 98.40

109.21 lll.i\0 92. 84

107.83 58. tl7 56.32

101.35 91.08

110.96

106.52 92. 57

111. 07 112. 41 llO. 48

89.40 75. 47 87.99 95. 94

85.24

64. 6.3 45. 72 67. 11 84.73

64.31

44. 2.5 43.34 48.88

3.3 4. 4 .2

1.8 2. 2 .2

82.99 89.24 95.04

71.76 72.13 72.39 84.86

r2.9 4.0 .2

2. 3 1.3 .2

82.56 '88. 7.1

94.96

'73. 97 '72. 44 '72. 04 '84. 85

101. 26 ' 98. 18

107.09 ' 103. 74

97. 53 '97. 04

91.91 '90. 35 94.42 93.67 83.21 '81. 95

p 2. 1 p 3. 9 p. 2

p 2. 6 P.9 P,2

'82. 92 '88. 93 '95. 60

'71. 55 70.62

'69. 30 84.21

'97.16

101.46

96.24

'90. 32 '92. f\6 '82. 95

p 82.92 p 88. 70 p 95. 91

p 70. 41

p 70.75 p 83. 16

p 95.63

p 88.80 p 94.77 p 83. 16

97.66 99.43

'97. 57 ' 101. 75 p 100.30 '99. 31 108. 3G

95.68 96.53

103.86

86.46 72.94

75.24 79. 10 89.60 78.91 66.01 76.57 89. 42

58.11 59.01 b7. 52 55. 71

55.42

89.23 96.79

97.91 92. 70 98.81

113.30 117.01 92. 97

107.20 57. 61) 54.90

95.84 '95. 55

99.46

85.39 T 72,40

'74.10 '77. 99 '89.13

77.38 62.65 76.40

'87. 47

56.30 59.04 57.67 55.19

'53. 49

'88.19 '96.35

97. 15 91.84 98.33

' 110.03 ,. 113. 3()

\13.03 ' 105. 18

57.04 .14.15

102. 84 ' 98. 31 105.19 '93.87 112. 91 ' 110. 66

113.28 92. 25

110.84 110.16

'111.14

90.05 75.66 87.99 96.93

86.05

64.01 44.80 66.06 84.10

64.48

44. 11 43.96 51.35

'106. 92 '91.19 110.2.5 109.21 110.53

'89.01 77.22 87. 15 97.58

'85. 63

62.79 44. 48 65.34

'82.84

'64. 74

'44. 00 '43. 73 T 51.35

96.64 90.28

102. 82

1' 85. 81 p 85. 79 r 72. 25 P 73. 23

74 3() P74.69 ' 79. 38 p 79. 98

91. 0.5 77. 42 no. 15 77. fiO 87.02

' 5f>. 98 p 59. 66 r 58.1-! P 58.20

.16. 79

.14.1)8

' 53. 10 p 52. 95

, so. 94 "87. 15 95.24

' 95. 89 p 98. 43 ' 92. 6fl p !!3. 52

98.74

' 110 .. \7 p 110. 57 11.1. 30 r 02. I:J7 P 93. 73 lOll. 35 ' 57. 31 p 58. 19

53.91

97.17 80.87

104.01

10~. 41 86. 50

103.01 98. f\4

104.27

89.01 79.00 85.69 97.99

85.20

62.25 44. 15 65. 1() 82.65

64.80

44.40 43.29 49.52

Januar~· 1958 SURVEY OF CURRENT BUSINESS s-15

1957 Unless otherwise stated, statistics through 1956 and i 1956 I

descriptive notes are shown in the 1957 edition of Kovem-1 Decem- Janu- I Fcbru-1 I · I 1'

BUSINESS STATISTICS ber ber ary ary March Apnl May June I July I August I Septem-1 October I N ovem-1 Decem-ber ber ber

El\IPLOYl\IENT AND POPULATION-Continued

WAGES-Continued

Average hourly gross earnings (U. S. Department of Labor):

All manufacturing industries _________________ dollars __ Excluding overtimet. ____________________ .do

Durable-goods industries. __________________ .do __ _ Excluding overtimet. ___________________ do ___ _

Ordnance and accessories __________________ do ___ _ Lumber and wood products (except furniture)

dollars __ Sawmills and planing mills ______________ do ___ _

Furniture and fixtures _____________________ do ___ _ Stone, clay, and glass products _____________ do ..... Primary metal industries<;! ________________ do. __

Blast furnaces, steel works, and rollin~ mills dollars

Primary smelting and refining of nonferrous metals ________________________________ dollars _

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

Machinery (except electrical)__ _ __ do Electrical machinery___________ .do

Transportation equipment<;!__ __do. Automobiles______ ______________ _ __ do. __ Aircraft and parts________________ _ __ do. __ _ Ship and boat building and repairs _____ do Railroad equipment._________ do

Instruments and related products ________ do Miscellaneous mfg. industries _____________ do

Kondurable-goods industries_______ _ ____ do Excluding overtimet. _ _ _ _ _ ___ .do

Food and kindred products\?____ _ ____ do Meat products________ _ ____ do Dairy products ________________________ do C'anning and preserving ________________ do ___ _ Bakery products. _______________________ do ___ _ Beverages ______________________________ .do. __ _

Toharco manufactures _____________________ do ___ _ Textile-mill products\? __________________ do ___ _

BrocH!woven fabric mills _________________ do ___ _ Knittin~ mills________ ----------- .. do. __ _

Apparel and other finished textile products dollars __

Paper and allied products _________________ do ___ _ Pulp. paper, and paperboard mills ______ do. __ _

Printing, publishing, and allie<l industries.do. __ _ Clwmicnls and allied products _____________ do. __ _

Industrial organic chemicals ____________ .do. __ _

PrO<lucts of petroleum and coaL __________ do ___ _ Petroleum refining _____ ---------------- do __ _

Rubber products------------------------ do ___ _ Tires and inner tubes ___________________ do ___ _

Leather and leather products ______________ do ___ _ Footwear (except rubber) _______________ do ___ _

K onmanufacturing industries: Mining:

MetaL __________________________________ .do __ _ Anthracite _______________________________ do. __ Bituminous coaL ________________________ do_ Crude-petroleum and natural-gas production:

Petroleum and natural-gas prod. _______ dollars __ ~onmetallic mining and quarrying ________ do_

Contract construction _______________________ do __ _ ~onbuilding construction _________________ do __ Building construction_____________ _ ___ do

Transportation and public utilities: Loral railways and bus lines _______________ do TPlephone ________________________________ .do_ TPlcgraplL. ______________________________ .do_ Gas and electric utilities ___________________ do __ _

Wholesale and retail trade: 1 Whoksale trade ___________________________ do I Retail trade (except eating and drinking places) I'

dollars __ Genf'rnl-rncrchandise stores ______________ do _

I~~~~~~~;~rt~~d ~~o:::s-or:re-s-C{e_a_Ie~s======~~ ===I 8ervirP and miscellaneous: 1

Hott'ls, year-round _______________________ do __ _ Laundries ________________________________ do ___ _ Cleaning and dyeing plants ____________ .. do ___ _

l\Jiscrllmwous \vagc data: Construction wage rates (E.'<R) :§

C'ommon labor. ______________________ dol. per hr.. Skilled labor------------ __________ . ________ do __ _ F:qnipment operators-t _____________________ do_._

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

Railway \"rnges (averagf', class I) _______________ do ____ l Road-building wages, common labor (qtrly) ___ do ____ l

!

2.03 1.96 2.16 2. 08 2. 25

1. 77 1. 78 I. 72 2. 01 2. 44

2. 61

2. 28

2.12 2. 2.0 2. 03

2. 39 2. 47 2. 32 2. 33 2. 38 2. 05 I. 78

I. 84 l. 78 1. 89 2. 12 l. 77 l. 56 1. 85 2.16

1. 45 1. !)(} 1. 46 1. 44

I. 48 l. 98 2.12 2. 45 2. 1.5 2. 30

2. 57 2. 67 2.17 2. 55 I. 52 1. 46

2. 33 2. 69 2. 95

2. 50 I. 96 2. 80 2. 54 2. 87

1. 99 1. 88 2. 02 2. 27

2. 05

1. 59 1. 2.5 1. 72 1. 87

1. 05 1. 06 1. 28

2.1921 3. 433 3. 080

2. 191

' Revised. 'Preliminary. a Rate as of January !, 1958.

2. 05 I. 98 2.18 2. 09 2. 27

I. 74 I. 75 1. 73 2. 01 2. 45

2. 62

2. 29

2.14 2. 27 2. 05

2. 43 2.51 2. 34 2. 35 2. 44 2. 07 1. 79

1.86 1.80 I. 90 2.11 1. 79 1.61 1. 83 2. Hl

I. 48 I. 50 1. 46 1. 44

1. 50 1.\!9 2.13 2. 46 2.16 2. 31

2. 57 2. n7 2. 24 2. 62 1. .j2 1. 4li

2. 34 2. 96 2. 98

2. 52 I. 9(i 2. 82 2. 0.1 2. 89

2.00 I. 92 2. 02 2. 28

2. 06

1. 55 1. 21 I. 71 I. 87

1.06 l. 07 l. 28

2.192 3. 433 3. 085

2. 216

2. 05 1. 98 2.18 2.10 2. 28

l. 72 l. 73 1. 72 2. 02

~: :: I 2. 30

2.13 2. 27 2. 05

2. 38 2. 43 2. 33 2. 33 2. 45 2. 08 1.81

1.86 I. 81 1. 92 2.14 1.81 I. 64 1. R4 2.16

1.49 1. 50 1. 45 1. 45

1. 49 1.99 2.12 2. 46 2.16 2. 31

2. 59 2. 68 2. za 2. 60 I. 52 1. 47 I

2. 34 2. 94 2. 95

2. 52 l. 96 2. 84 2. ,1)5 2. 92

2. 02 I. 91 2. 07 2. 27

2. 06

1.61

1

1

1. 27 1. 73 1. 88

1. 05 1.07 l. 2!1

2. 212 3. 45fj 3. 0\18

. 95 2.198

1.86

2. 05 1.99 2.17 2.10 2.29

1.73 I. 74 I. 73 2.01 2. 46

2. 62

2. 29

2. 13 2. 27 2. 05

2. 37 2. 41 2. 33 2. 36 2. 45 2. 09 I. 81

I. 86 1.81 L 9:l 2.15 1.80 l.fi3 I. 85 2.17

1. 49 I. 50 I. 45 I. 45

1. 49 2. 00 2.13 2. 48 2.17 2.32

2. 56 2. 65 2. 22 2. 59 I. 53 1. 48

2. 35 2. 98 2. 93

2. 51 I. 95 2. 84 2. 56 2. 91

2. 02 1. 92 2.08 2. 27 I

2. 06

1.61 1. 28 1. 74 1.88

1. ().5 1.07 1

1. 28

2. 220 3. 457 3.106

2. 05 1. 99 2.18 2.11 2.30

1.77 1. 77 1.73 2.02 2. 46

2. 62

2. 30

2.14 2. 28 2. Ofi

2. 38 2. 41 2. 35 2. 37 2. 47 2.10 1.81

1. 871 1.81 L o:; I 2.13 I 1. 81 1. 66 1. 84 2.19

1. 53 1. 50 1. 4.o 1. 46

I. 50 2. 00 2.13 2. 49 2. 17 2. 33

2. 57 2. 66 2. 21 2. 56 !.54 1.49

2. 36 2. 87 2. 93

2. 50 1. 95 2. 84 2. 5.5 2. 91

2. 02 I. 92 2. 09 2. 28

2. 07

1. 62 l. 28 1. 74 l. 89

1. 05 I. 07 I. 28

2. 220 3. 462 3.107

2. 240 2. 208

2. 05 2. 00 2.18 2. 11 2. 31

1.80 1. 78 I. 72 2.01 2. 46

2. 63

2. 31

2. !.~ 2. 28 2. 06

2. 37 2.39 2.36 2.36 2. 48 2.10 I. 81

1. 87 1. 82 1. 93 2.13 1. 81 1. 68 1. 85 2.19

I. 55 1. 50 1. 4.~ 1. 45

I. 48 2. 00 2.13 2. 49 2. 17 2. 33

2. 59 2. 68 2.19 2. 58 1. 54 1. 49

2.38 2. 96 3. 02

2. 50 1. 96 2. 85 2. 58 2. 92

2. 03 I. \13 2. 08 2. 30

2. 07

1. 62 I. 29 1. 74 I. 90

I. 05 1.08 1. 30

2. 225 3. 467 3.118

. 92 2. 212

1. 82

2.06 2.00 2.18 2.12 2. 31

I. 82 I. 80 1. 73 2. 02 2. 46

2. 61

2. 32

2. 16 2. 28 2. 05

2.37 2. 40 2.33 2. 39 2. 47 2.10 1.81

l. 88 1. 83 I. 94 2.12 1. 82 1. 66 1.87 2. 21

I. 58 1. 50 l. 4-5 1. 46

1. 48 2. OJ 2.13 2. 51 2. 20 2. 35

2. 61 2. 71 2. 22 2 .• 58 1.54 1. 49

2.07 2.01 2.19 2.13 2. 33

I. 84 1. 84 1. 74 2.04 2. 48

2. 63

2.33

2. 17 2.30 2.06

2. 40 2. 46 2.a4 2. 38 2. 49 2.11 1. 80

1. 89 I. 83

1.931 2.12 1.83 I. 61 I. 88 2. 25

1. 58 l. 50 1.45 1. 46

1. 49 1 2.03 2.17 1

2. 51 I 2. 23 2.38

2.66 2. 78 2. 23 2 . .59 1..54 I. 49

2. 41

2. 07 2. OJ 2. 20 2.14 2. 34

1. 82 1.81 l. 74 2. 05 2. 53

2. 72

2. 35

2.19 2. 30 2. 05

2. 41 2. 46 2. 35 2. 40 2. 52 2.11 1.81

1.89 I. 84 1.91 2.14 l. 85 1. 55 l. 89 2. 24

I. 61 1. 50 I. 45 1. 45

l. 50 2.0fi 2.20 2. 51 2. 25 2. 40

2. 09 2. 80 2. 28 2. fi4 1. 53 1. 48

2. 47 2. 38 2. 88 3.01

2. 93 --3.05 3. 09

2. 58 I. 98 2. 86 2. 61 2. 94

2. 03 l. 94 2.10 2. 30

2. 09

2. 65 2. 01 2. 86 2. n2 2. 94

2.04 1. 95 2.HI 2. 33

2. 11

1. 64 I. 66 1. 31 l. 33 I. 761 I. 77 1. 92 I. 94

::gll : ii~ I 1.31 1.31

2. 256 ,I 2. 286 1

3. 48fi 3. 510 3. 159 I :J. 1S:l I

2~236 --2~272[ -- 1---------1

2. 67 2.02 2. 88 2. ti5 2. 96

2. Ofi 1. 94 2.10 2. 34

2.12

1. (i7 1. 32 1. 78 I. 9:l

I. 09 I. 09 I. 31

2. 299 :J. 543 3. 210

. 93 2. 249

1. 88

2. 07 2. 01 2. 21 2.14 2. 34

I. 84 I. 83 1. 76 2. O!i 2. 54

2. 73

2. 40

2. 20 2. 30 2. 06

2. 43 2. 47 2. 38 2. 42 2. 52 2.10 I. 80

1. 88 1. 83 1. 90 2.12 1. 84 1. 62 1.88 2. 21

1. 49 1. 50 1. 45 1. 46

1..50 2. Ofi 2. 20 2. 51 2. 25 2. 40

2. fi9 2. 79 2. 27 2. fi3 I. 54 I. 49

2. 46 2. 91 3. 04

2. fi3 2. 03 2. 90 2. ()7 2. 97

2. 0() 1. 94 2.10 2. 34

2. 11

l. fi7 1.31 1. 78 1. 93

1. 09 1.10 I. 30

2. 08 2. 02 2.22 2.16 2. 37

1. 84 1.84 1.77 2. 08 2. 57

2. 76

2. 42

2. 22 2. 32 2. 07

2. 46 2. 53 2. 38 2. 4.5 2. 59 2.14 1.81

1.90 1.84 I. 92 2.18 l. 87 I. 61 1.90

2. 231

l. 4fi 1. .51 I 1. 46 I. 47

!.Iii 2.08 2. 22 2. 53 2. 25 2. 41

2. 73 2. 84 2. 29 2. tlfi l. 55 l. 50

2. 49 2. 98 3. 06

2. 71 2. Oil 2. 94 2. 70 3. 02

2.07 l. 9.1 2.10 2. 37

2.13

l.fi8 1. 31 1. 80 I. 92

1.10 1.11 1. 31

2. 334 3. 585 3. 237

2. 284

2.09 2.03 2.23

T 2.}()

2.38

'I. 84 '1. 82 'I. 77 '2. 09

2. 55

2. 73

2. 42

2. 22 2. 33 2. 08

2. 47 '2. 54

2. 39 2. 45 2. 57 2.14 l. 81

1. 90 I. 85 1. 94 2.!9 I. 8fi I. 64 1. 91

'2. 22

1. 47 l. .o1 1. 46 l. .jfi

'1. 491 '2.08 '2. 22

2. -~3 2. 24 2. 41

2. 71 2. 82 2.32 2.fi!J 1. 51i 1. 50

r 2. 47 2. !!8 3. 04

r 2. 04 '2. 04

2. 94 2. ng 3. 02 I

2.07 1. 97 2.10 2. 3H

'2.1:!

I. G7 1. 32 1. 81

1.001

'1.10 1.11 1. 32

2. 334 :J. 604 3. 237

'2.11 2.0.5 2. 24 2.18 2. 39

'1.83 1.82 1. 75 2. 10 2.5.0

2. 72

2. 40

'2. 23 2. 34

'2. 10

2. 50 2 .• 58 2. 41 2. 44 2. 59

r 2. 14 '1. 82

1. 92

p 2.11 -----

p 2. 24 --

p 2. 38

'l. 81 -----

p 1. 76 p 2.10 p 2. 53

'2. 22 p 2. 34 p 2. 10

p 2. 52

p 2.15 pI. 84

'1. 92 1. 86 -----

' U¥ I : 1.~7 -1. 87 --­J.(\3 1. 94 2. 22

1. .)4 I. 51 l. 4!\ l. 47

r 1. !10 r 2. OS

2. 22 2 .. 53

r 2. 2fi 2. 42

r 2. 73 2. 81

'2. 3:! 2. 72 1. !'i7 1. .)J

2. 46 2. 93 3. Oli

'1. 57 'l. .)0

' I. .50 '2. 08

p 2 . .j5 ,, 2. 27

p 2. 73

(1 2. 32

p 1. ;)6

2.fi9 ---2.04 2. f/11 2. 71 3.04 !·

2. 07 1. H7 2. 0\1 2. 39

2. 13

l.t)()

I

1. 31 ---------1.82 ---1. uo ---

1.11 1.11

~. 31 I 2. 33G I :1. 60fi I 3. 242

2. 344 3. fi29 3. 248

. 84 2. 254

1. 98 I - -i ~-- ::I:::::

tnata throu~h 1956 shown in the 1957 edition of Busi>IESS STATISTICS are based on adjustment factors; the 1956 figures therein have since been revised to reflect calculations from on•rtime hours now regularly collected. Revisions for 1956 appear in the August 1957 SURVEY; the published estimates through !955 are essentially comparable.

9 Includes data for industries not shown separately. § Hates as of January 1, 1958: C'omnwn labor, %2.373; skillt>d labor, $3.fi26. Seattered monthly reyisions foe 1952-55 for skilll·d labor rates are available upon JW]n<'st. *~f'W Sf'riPS. Data are arithmrtic m·rrages of wn.g(lralPs for equipmrnt O})er~ttors in 20 cit irs. 'fhf' thror typ{'~ of Pq_nipment con~r(ld are tractors (including bulldozrrs, on 70-100 h. p,

machin<>s). power crmws and shovels 04 cubic yard), and air compr,•ssors. For data back to January 1956, see the December 1957 SURVEY.

S-16 SURVEY OF CURRB~NT BUSINESS

u~=:=~~==,~~:~~=~/N~•:):-~~---~-F-h-~,~--~~---~,---~~---~~9,-5-7--~~---,,-s--t-~,---~,-N-.--~~-o---nusiNEss STATISTICS her her J~~:- ~r;u- :\larch April May June July August "be~m- October '

0b~~m- t~~m-

FINANCE

BANKING

Acceptances and commercial paper outstanding: Hankers' acceptances ____________________ mil. of doL. Commercial paper _____________________________ do ....

A~ricultural loans and discounts outstanding of agen­cies supervised by the Farm Credit Adm.:

TotaL. __________________________________ roil. of doL. Farm mortgage loans: :Federal land banks ... do .... Loans to cooperatives _______________________ do ___ _ Other loans and discounts ___________________ do ....

924 568

2, 960 I, 724

462 774

Bank debits, total (344 centers) __________________ do.... 185,223 !\ew York City _______________________________ do.... 66,989 6 other ccntersci' -------------------------------do.... 39,425

Fr<kral Reserve banks, condition, end of month: Assets, total~---------------------- __________ .do ....

Reserve hank credit outstanding, total~ __ .. do .. __ Discounts and advances ___________________ do ___ _ United Rtates Government securities ______ do __ __

Gold certificate reserves .. _________________ .. do __ __

Liahilitit>s, total? -----------------------------do __ __ Deposits, total?_-------------------------- .do __ . .,

Member-hank reserve halances ____________ do ____ !

Excess reserves (estimated) ______________ do ____ l }'cdcral Reserve notes in circulation _________ do ___ _

Ratio of g~ld .certificate reserves to deposit and FR 1

1 note habi!Jtws combmed __________________ percent..,

Fcdr·rnl Reserve weekly reporting member hanks, condition, Wednesday nearest end of month:

D<~pot.its: DPnmnd, adjusted0 ___________________ mil. of doL. Drmand, except interbank:

Individuals, partnerships, and corporations mil. of doLl Rtatcs and political subdivisions ___________ do ... .

l"nitcd States Government ________________ do ... .

Timr, except interbank, total<;! _____________ do .... [ Individuals, partnerships, and corporations I

mil. of doL States and political subdivisions ___________ do ... .

Interbank (demand and tJme) _______________ do ... .

Inwstments, totaL ___________________ ._. _____ .do .. __ U. 8. Government obligations, direct and guaran-

t!'cd, totaL ________________________ mil. of doL. Hills. ___ ----------------------------------do ___ _ C!'rtificates. ______________________________ .do. __ _ Bonds and guaranteed obligations _________ do ___ _ \: otes .. __ . __ ------------------------------do ... .

Other securities. ___ -------------------------do ... .

52, 145 26,267

518 24,385 21,2'P

,12,145 20,209 19,208

489 27, OG4

44.9

56,632

59. 2<J6 3, 909 2, 8i7

20.640

19, 55fl 898

13,609

33,746

26,141 1, 260

762 18,840

5, 279 7, 605

Loans (adjusted), total0 ______________________ do.... 52,4fH I Commercial, industrial, and agriculturaL ___ do.___ 30, 407 To brokers and dealers in securities __________ do.... I, 915 1 Other loans for purchasing or carrying securities I'

mil. of doL I, 205 Real-estate loans _______ ---------------------do.... 8, 855 Other loans._ -------------------------------do.... 10,956 1

Molll'Y and intC'rest rates:§ I B~:~kl~'~tii~e~~ -~~~~·~:-~~~~~'-- _____________ percent.- ---------

".;r\\· York Ctty __________________________ .do .. --'·· ______ __ 7 other northern and eastern citics ......... do .... i---------

1 11 southern and western cities _____________ do ____ l---------~

Discount rate (N.Y. F. R. nank) _____________ do .... j 3.00 Fcd<·ral intermediate credit hank loans ________ do.... 3. 71 Federal land bank loans _______________________ do .... l 4. 50 Open market rates, New York City: 1 I

Acceptances, prime, hankers' 90 days ________ rlo .... 1

3. 0.1 Commercial pap!'r, prime, 4-6 months ....... do .... 1 3. 63 Yield on U. S. Govt. securities: i I

3-month bills ____________________________ .. do ... _ i 3. 000 3-5 year taxable issucs _____________________ do .... ; 3. 49 .

Savings deposits, halance to credit of d('positors: i 1

.... ,3_2

I New York State savings banks .. _____ .. mil. of doL-! ',. < U.S. postal savings, __________________________ rlo .... ! 1,66.1

CONSUMER CREDITt (Short- and Intermediate-term)

I 'l'otal outstanding, end of month. _________ mil. of doL.! 40,831

Inst;lllnwnt. cn•dit, totaL ___________________ ... do .... f 31, 240

A utmnohil<' paprr. ___________________ ....... do .. - -I It·. 40111~,nr':: Otlwr consumer-goods l?aper ________________ do __ .. , c •

H<•pmr and rnodcrmzatwnloans .............. do .... [ 1. 890 PPrsonal Ioans _______________________________ do ____ i 6. XI.~

r HPvisPd. p Prrliminary.

967 506

2, 971 I, 744

457 770

201,876 77,495 40,912

52,910 26,699

50 24, 9LI 21,269

,12, 910 20,249 19,059

-30 2'7, 476

44.6

57,629

61. 96f, 4,183 2,181

21.017

19,919 916

15,(\09

34, 259

26, 774 2, 093

703 18.756

'"· 222 7, 485

53,375 31,137

2,130

1, 208 8, 839

11' 069

4. 38 4. 22 4. 40 4. 58

3. 00 3. 89 4. 63

a. 3.1 3. 63

3. ~30 3.6ii

17. fi2() 1. t\49

42,097

31,827

14, 459 8, 510 1, 89.1 (i, flfi3

1,012 548

3, 003 I, 7tl3

454 786

992 555

3, 0112 1, 788

444 829

204, 5141 I 77, 531\ 76, 460 67, 035 42, 596 36, 886

.II. 853 25, 195

6fl8 23,421 21,562

.II, 833 20,203 18, gs2

365 26,698

46.0

.18, 076

59.951 4, 211

790

21.336

20,214 939

12,625

33,521

26,101 1, 681

680 18,658 5,082 7, 420

51,776 30,260 I, 689

I, 182 8, 790

10,868

3. 00 3. 98 4. 75

:l. 38 3. 63

:l. 210 3. 40

17,611 I, 021

41,138

31,568

14,410 8, 30.1 1, 872 1\,981

Sl. 387 24, 704

595 22. 1'~7 21,626

Sl, 387 19, .IG6 18, .171\

282 26,556

46.9

56,370

59. 228 4, 099 I, 554

21,554

20, 407 904

12,775

33, 259

25. 723 I, 4111

746 18,638 4, 878 7, 536

51, 779 30.314

I, 760

I, 148 8. 762

10,813

3. 00 4. 11 4. 79

3. 3S 3. ti3

3. 11\5 3. 33

17, {)57 I, 598

40,738

31,488

14,432 8, H\0 l, 8.59 7, 037

c(lltwlndes Boston, Philadelphia, ChiC'ago, Dr•troit, San Franriseo, and Los ~\ngrks. 9 Indu<l<•s data not shown separatdy.

1,019 489

3,120 I, 817

423 880

197,231 74, 786 42,113

51, OIG 24.970

994 23,149 21, fi27

51,016 19,835 18,629

117 26, 454

46.7

5.1,118

.57,179 4, 045 3, 946

22,083

20, 897 I, 004

13.373

34, 309

26,63.1 I. 243 I, 608

18,569 !i. 215 7, 674

.12, 944 31.322

1, 952

I, !52 8, f>91

10,873

1,018 466

3,185 1,836

411 938

192,701 72,328 40,182

51,494 24, 9G()

829 23, 1G9 21,635

51,494 19,983 18, 8f\4

276 26,323

46. 7

56,213

58,635 4, 545 2,822

22, 114

20,870 l. 063

13,098

33,675

211.034 l. 12,1 I, 311

18,458 5,140 7, 641

.13, 454 31,4,\0

2, 113

1.173 I 8, 679

984 483

3, 234 I, 855

389 990

197,257 71,780 42,128

51,618 25, 224 I, 170

23,108 21,932

51, filS 20,2.52 19,049

698 26,476

46.9

55, 149

57,383 4, 439 3, 214

22,372

21,082 I, 111

12.253

33,486

2!i, 878 I. 665 I, 581

18.394 4. 238 7, 608

52, 7.56 31,077 I, 765

], 156 8, 661

11,144 11,0861

u~ :::::::::~:::::::::1 u~ :::::::::1::::::::: 3. 00 I 3. 00 i 3. 00 'I

1. 19 , 4. 20 ,I 4. 22 4. 91i ! 5. 04 ' 5. 08

3. 27 I 3. 20 ! 3. 25 3. 631' 3. 63 1 3. 63

3. 14o 3. u3 1

1 3. o42

3. 38 I I" 3":(8)' ',1 3. 60

17.79.1 I' , '" 17.895 1.5731 1:542: 1,511

40,735

,)1, 524

14,528 8, 043 1. s.~n 7. OiJ'I

41.247

31, 786

14, G91 8, 017 I, 862 71 2Hi

41,937

32,158

14,883 8, 081 I, 881\ 7. 308

979 454

3, 287 I, 870

384 1,033

193,349 74,512 39,942

51,362 24, 81(\

5.18 23,035 21,945

51, 3(\2 19,630 18,376 -167

26,682

47.4

54,307

57,306 4, 238 5, 004

22,484

21, 171 I, 125

13,478

33,922

2H,310 2,334 1,475

18,272 4, 229 7, 612

54, 282 32,310

I, 892

I, 184 8,fA9

11,303

4. 40 4. 23 4. 39 4. 65

3. 00 4. 25 5. 17

3. 36 3. 79

3. 316 3. 77

18,058 I, 462

42,491

32,608

15, 127 8, lfi5 I, 905 7, 411

1,000 459

3,327 I, 877

409 1, 041

200, 5.59 74, 509 41,711

51,753 24,691

420 23,355 21,946

51,753 19, 795 18,630

110 26,671

47.2

55, 550

58,276 4,169 2, 381

22,529

21,219 I, 123

13,352

32,797

25,241 I, 504 1,342

18,188 4, 207 7, 556

53,568 31,738

I, 660

1,142 8, 675

11,412

3. 00 4. 29 5.17

3.38 3. 88

3.lfl5 3. 89

18,023 I, 432

42,592

32,968

15,329 8,189 I, 921 7, 529

1, 227 501

3, 345 I, 887

420 I, 038

190,539 68,409 40, 194

51, 626 25,418

986 23 .• 139 21.939

,II, 626 20,079 18, 975

670 26, 861

46.7

54, 973

57,374 3, 878 2, 647

22, 612

21.292 I. 135

12. 836

32, 535

24.914 I, fi23 I, 562

18, !07 3, 622 7. 621

53, 93.\ 32,012 I. 810

I. 120 s, 69(\

11, 355

3. 50 4.36 5. 21

3. 78 3. 98

3. 404 3. 91

18,064 I, 407

43, 133

33,303

15, 490 8, 229 ], 954 7, 630

I, 197 501

3, 354 I, 896

430 I, 027

189, 297 70,953 39,095

50, 884 24,622

396 23,312 21,943

50,884 19,426 18,399 -295

26,829

47.4

54,015

57, !59 3,872 4, 008

22.821

21, 494 I, 143

13,693

33,335

2,1, 654 I, 197 I, 732

18,166 4, .559 7, 681

54, 563 32,331

2,021

I, 118 8, 727

11,427

4.83 4. 69 4. 85 5. 01

3. 50 4.45 5. 25

3. 83 4.00

3. 578 3. 93

18, 20!i '1, 383

43, 270

33,415

15, 556 8, 228 I, 969 7, 11G2

I, 22.\ 516

3, 3.\4 1,904

451 999

I, 224 560

~---------

3,329 1---------1, ~~~ i:::::::::

969 l---------

204, \G8 77,431 41, 761

189, 246 ! 220, 376 71. M7 I 88, 584 39,012 1 43, cuz

52,035 25,206

789 23,338 22,005

52,035 20, 103 18,917

376 26, 834

52,51121 25, 51.5

819

23, 7331' 22,083

52,51\2 19, 996 I 19,274 I

'512 27,260

53, 028 2.\ 7R4

55 24, 238 22,085

53, 028 20, 117 19,034

0 27, 535

46.9 46.7 463

55, 805 ' 55, 464

58, 495 3, ~57 I, 683

22,925

58, 772 4, 005 I, 758

22,716

21, 635 21, 487 I, 111 I, Of\0

13, 094 ' 12, 918

33, 129 ' 32, 743

25,191 1, !56 I, 600

18,004 4,431 7, 938

'25,010 1, 007 1, 713

17,898 '4,392 '7, 733

53, 614 ' 53, 329 31, 756 '31, 527

I, 642 ' 1, 610

I, lOH I, 093 8, 758 ' 8, 777

11, 411 ' 11, 385

3. !iO 3. 00 4. 49 4. 68 5. 38 5. 63

56, 887

61,887 4, 3:l! 2,458

23,293

21,951 1, 175

15, 211

34,329

26,423 1,888 I, 752

18,007 4, 776 7, 906

54, 658 32,237 2,190

I, 1.14 8, 761

11,448

3. 7.1 3. 50 3. 35 4. 10 4. 07 3. 81

3. 591 3. 337 3. 102 3. 99 3. 63 3. 04

18, 207 18, 323 18, ,588 P I, 361 P I, 343 P I, 326

43,274

33,504

15, 579 8, 236 I, 988 7, 701

43, 530 ----

33, 596 ----

IS, 542 I __ __

l ~~~ 1:::::::::

0 For d<'mand dt)posits, thr term Hadjnstrd" drnot€'s rxclusion of intNhank and U. t;. Uov('rnnwnt dPposits nnd of cash items reported as in process of collection; for loans, exclusion of loan;:; to hanks and deduction of valuation rcservrs (individual loan itt'ms an• gross, i.e., he fore deduction of Yaluntion reserves).

*For hond yields, 'ce p. S-20. ~Data are as of end of consecutive 4-week periods ending in month indicated. tHe' isect haek to January 1H5fi to incorporate nwre eomprchcn~iYc information recently antilablc. For reYisions prior to October 1956, see the Decem her 1957 Federal Reserl'e Bulletin.

January 1958 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statisti<S through 1956 and l 1956 I descriptive notes are shown in the 1957 edition of N ovem I Decem BUSINESS STATISTICS " ber - ber -

CONSUMER CREDITt-Continued (Short- and Intermediate-term)

Total outstandin~. end of month-Continued Installment credit, total-Continued

By type of holder: Financial institutions, totaL ________ miJ. of doL

Commercial banks _____________________ _cto ___ _ Sales-finance companies.------------- __ .do .. _. Credit unions .. -------------------------do .... Consumer finance companies ___________ _cto ___ _ Other _______ --------------------------- .do ___ _

Ret~il outlets, totaL _____________________ _cto ___ _ Department stores_ •. ____________ ----- .. do. __ . Furniture stores ________________________ _cto ___ _ Automobile dealers ... ___________________ do ___ _ Other. ___________ -----------------------do ....

Noninstallment. credit, totaJ. __________________ do ___ _

Sin~le-payment Joans ________________________ do ___ _ Charge accounts _________ ------------ _______ .do ... _ Service crerllt. ___ . _______ ----------------_._.do __ ._ By type of holder:

Financial institutions .•• _.---------- _____ .do. __ _ Retail outlets ______________________________ do. __ _ Service credit _____ -------------------------do ___ _

Installment credit extended and repaid: Unadjusted:

Extenderl, totaL_ ... ________________________ do ___ _ Automobile paper _________________________ do .. --Other consumer-goods paper _______________ do ___ _ All other_. ____ ----._. __ ---------------- ... do ___ _

Repaid, totaL. ____________ .. ______________ _cto ___ . Automobile paper ________________________ _cto ___ _ Other consumer-goods paper _______________ do ___ _ All other_. _______ ---------. _______________ do. __ .

Adjusted: Extended, totaL _________ . __________________ do ___ -

Automobile paper .. _______ -------------- .. do __ __ Other consumer-goods paper _______________ do ___ _ All other _____ ----------------------------.do ___ _

Repaid, totaL ______________________________ do ___ _ Automobile paper ... ______________________ do ___ . Other consumer-goods paper _____________ _cto ___ _ All other ______________________________ .... do. __ _

FEDERAl, GOVERNMENT FINANCE

Budget receipts and expenditures: Ree<>ipts, totaL _________________________ mil. of doL.

Receipts, net.. __ .. __ ------------ __ . _____ .. do .. __ Customs. ________ . _________ -- ____________ ... do .. __

Individual income taxes _____________________ do __ __ Corporation income and profits taxes ________ do ___ _ Employment taxes. ________ .. _______________ do. __ _ Other internal revenue and receipts _________ do ___ _

Expenditures, totaL ... _. __ .... ___ ----------- .do ___ _ Interest on public debt. _____________________ do ___ _ Veterans' services and beneflts ______________ do ___ _ Major national security. _________________ ... do. __ _ All other expenditures ______________________ .do. __ _

Puhlic debt and guaranteed obligations: Gross deht (direct), end of month, totaL ...... do ___ _

Interest bearing, totaL---- __ --- ___ ------ .... do __ ._ Public issues._. _________ . _________________ do. __ _ Sp('cial issu£'s _______________ ------------ ___ do ___ _

Nonintercst bearing _______________________ .. do. __ _ Obligations guaranteed by U. S. Government, end

of month ..... _________________________ mil. of doL_ U. S. Savings bonds:

Amount outstanding, end of month _________ do __ __ Sales, series E through K§ ___________________ do __ __ Redemptions ____ .. _ ... ------- ______________ .do._._

Federal business-type activities, end of quarter: cf'

26,877 11.648 9, 075 I, 986 2,969 1,199

4,363 1, 231 1, 136

504 1,492

9, 591

3,258 4,072 2,261

3, 258 4,072 2,261

3, 449 1,227 1,ll0 1,ll2

3.194 1, 256

916 1, 022

3, 512 1, 353 1,047 1,ll2

3,191 1.238

935 1, 018

5, 705 4, 818

63

3,436 380 662

1,165

5, 726 580 407

3, 564 1,175

277,017 274,471 228,749 45,722 2, 546

94

57, 231 389 692

Assets, exce.pt interagency, totaL _______ .mil. of doL_ __ ____ __ Loans receivable, total (less reserves) ________ do ____________ _

To aid agriculture _________________________ do ____________ _ To aid homeowners _______________________ do ____ ---------Fore!~ loans ..... ________________________ .do. ___________ _ All ot11cr. ______ -------------- __________ ... do .. __ -------- _

Commodities, supplies, and materials _______ do ____ ---------U.S. Government securlties _________________ do ____ ---------Other securities and lnvestments ____________ do ____ ---------Land, structures, and equipment_ ___________ do .... ---------All other assets ______________________________ do ____ ---------

Liabilities, except interagency, totaL _________ do ____ ---------Bonds, notes, and debentures ______________ _cto ____________ _ Other liabilities .. ___________________________ do .. __ ------- __

Private proprietary interest. __________________ do ____ ---------U.S. Government proprietary interest_ ______ _cto ________ _

' Revised. • Preliminary. I See note marked" cf'". t See. corresponding note on p. S-16. § Effective May 1957, for series E through H.

27.084 ll, 707 9,100 2,014 3,056 1,207

4, 743 1,408 1,187

502 1, 646

10,270

3,253 4. 735 2,282

3. 253 4, 735 2. 282

3,824 1.200 1. 359 1, 265

3,237 1,210

915 1, ll2

3, 451 1, 334 1,003 1,114

3,241 1, 251

953 1, 037

5, 898 5, 412

59

2, 391 1, 825

355 1, 268

5, 718 631 405

3, 576 1, 106

276,628 274,219 228, 581 45,639

2, 408

103

57,018 390 728

I 69, 873 20,657 6, 752 :l, 680 8, 223 2, 311

21, 375 3, 739 3, 669 9, 985

10,448

I 6, 438 2, 778 3,660 I 918

I 62, 516

FINANCE-Continued

26,974 11,638 9,077 2,011 3,048 1,200

4, 594 1, 387 1,139

499 1, 569

9, 570

3,199 4. 111 2, 260

3.199 4.111 2, 260

3, 090 1,258

802 1,030

3, 349 1, 307 1, 007 1, 03.>

3, 475 1. 422

931 1,122

3, 295 1, 314

943 1. 038

5, 279 4,809

64

3,126 461 316

I, 311

6,095 651 410

3, 741 1, 293

276,229 273,698 228,367 45,331

2, 531

107

56,570 496

1.070

27.008 11,662 9, 03.> 2,039 3, 058 1,214

4,480 1,351 1,ll5

499 1, 515

9, 250

3,273 3,690 2, 287

3, 273 3,690 2. 287

2, 976 1, 215

763 998

3.056 1,193

908 955

3, 506 I, 408

960 I, 138

3, 257 I, 284

933 I. 040

7, 486 6,188

53

4, 708 445

1,160 1,120

5, 743 585 407

3, 576 1,175

276,269 273,919 228,449 45,470 2,350

109

56,317 386 728

27.148 11,736 9,048 2, 076 3,063 1,225

4, 376 1, 304 1.090

501 1, 481

9, 211

3, 370 3, 534 2,307

3, 370 3, 534 2. 307

3, 347 1, 380

846 1.121

3, 311 1.284

963 I. 064

3, 423 I, 375

928 1,120

3. 256 I, 272

936 1, 048

12, 145 10,737

66

2, 868 7, 327

692 1, 192

5, 584 601 414

3, 700 869

274,999 272,773 227,169 45,603

2, 226

109

56,068 384 723

I 69, 895 21,353

7, 261 4,076 8, 237 2,107

21,303 3, 923 3, 729 9, 875 9, 713

16,7.55 3, 043 3, 713 '775

I 62,364

27, 544 11,981 9,104 2.127 3,105 1,227

4, 242 1, 176 1. 075

505 1, 486

9,461

3, 374 3, 735 2,352

3. 374 3, 735 2. 352

3. 594 1. 468

901 I. 225

3, 332 1,305

927 1, 100

3, 469 I. 372

935 I, 162

3, 284 1, 295

908 I, 081

6,142 4, 256

65'

3, 646 520 633

I, 278

5, 987 604 419

3, 913 I, 051

274,008 272,066 226,915 45, 151

I, 942

103

55, 836 389 707

27,864 12,143 9.176 2,167 3.123 1, 255

4,294 1,229 I, 077

510 1, 478

9. 779

3.582 3, 834 2.363

3, 5R2 3, 834 2, 363

3, 748 I. 513 1,016 1. 219

3,376 1, 321

952 1, 103

3, 533 I, 364

993 1,176

3, 314 I, 306

920 1, 088

7, 759 5, 282

64

4, 587 502

1,314 I, 293

5, 944 604 444

3, 750 1,146

275,234 273,074 226,937 46,137 2,160

103

55, 586 394 737

1957

28,263 12,323 9,300 2, 227 3,155 1, 258

4, 345 1, 249 1,077

518 1, 501

9, 883

3, .>30 3.948 2. 405

3, 530 3, 948 2. 405

3, 674 I, 494

998 I. 182

3, 224 1, 250

914 I. 060

3, 546 1, 359 1.004 I, 183

3, 339 I. 289

952 1, 098

12,819 ll,688

58

4,071 6, 722

589 1, 378

6, 279 641 409

5, 04(i 182

270,527 268,486 221,658 46,827 2, 042

107

54,996 362

1, 076

I 69,058 20,982

{), 830 4, 380 8 300 2:305

21,450 3, 881 3, 725 9, 977 9,042

I 6, 879 3,.559 3, 320

I I 037 I 6!: 142

28,726 12.508

9, 476 2, 284 3,209 1.249

4,242 1,144 1,072

525 I, 50!

9, 624

3, 406 3, 810 2, 408

3, 406 3. 810 2, 408

3, 837 I, 563

9% I, 279

3,477 1. 361

971 1,145

3. 598 I. 385

995 I, 218

3,383 I. 318

964 1, 101

3, 734 3, 057

70

I, 316 541 366

I, 441

6,347 659 377

3,628 1.683

272, 469 270,595 224,272 46,323

I, 874

107

54,631 400 890

29,014 12,607 9,565 2,344 3, 234 I, 264

4.289 1,161 1,083

530 1, 515

9,830

3, 458 3, 957 2, 415

3, 458 3, 957 2, 415

3, 704 1,467 1.022 1, 215

3,369 1. 306

982 1, 081

3, 590 1, 357 1,025 1, 208

3,342 1, 276

977 I, 089

6, 475 5,128

65

3, 806 355

I, 003 I, 245

5, 930 628 382

3, 989 931

273,845 272,018 22.5, 308 46,709 1, 828

109

54,364 392 750

29,128 12,656 9, 598 2,377 3. 231 1,266

4.287 1,167 1,077

533 1, 510

9, 855

3,493 3,942 2,420

3, 493 3, 942 2,420

3, 388 I, 364

927 1, 097

3,276 1, 298

928 1, 050

3, 544 1, 395

970 1,179

3,420 I, 319

990 1,111

8,109 7, 225

65

3, 986 2, 304

540 1, 214

5, 667 630 362

3, 589 1,086

274, 412 272, 688 226,467 46,221

I, 724

115

54, 105 362 713

29.241 12,749 9,585 2, 415 3,229 1, 263

4,263 1,134 1,080

533 1, 516

9, 770

3.405 3, 991 2,374

3,405 3.991 2,374

3,545 1,404

976 1,165

3,456 1,381

968 1,107

3, 541 1,43P

909 1,193

3,358 1, 317

946 1,095

3, 796 3,131

76

1, 537 429 363

1, 391

29,239 12, 717 9, 564 2,439 3, 248 1,271

4,357 1,199 1,092

531 1,535

9,934

3, 458 4,135 2,341

3,458 4,135 2,341

3,439 1, 250 1,020 1,169

3,347 1,287

956 1,104

3, 558 1,407

961 1,190

3,395 1,292

982 1,121

5, 845 4,827

67

3, 512 367 740

1,158

6, 501 5, 806 641 636

274,067 272,406 226,338 46,068

I, 661

1e3

53,799 337 729

274,747 273,132 227,146 45,986

1, 615

104

53,533 334 694

S-17

274,898 272,874 227,075

4!;, 799 2,024

104

53,209 368 813

cf'Figures are not directly comparable from quarter to quarter, since activities covered vary. Data reflect the condition of activities (public-enterprise and intragovernmental funds certain other activitiQS of the U.S. Government, and certain deposit and trust revolving funds) reporting to the Treasury under Department Circular No. 966; excluded from the data are a~tivities (with total assets of $23,612 million) reporting as of June 30, 1957, pursuant to Supplement No.1. Interagency items are excluded except in the case of trust revolving funds.

s-18 SURVEY OF CURRENT BUSINESS January 1958

Unless otherwise stated, statistics through 1956 and I 1956 I 1957 descriptive notes are shown in the 1957 edition of N I D J I F b I I I I I I I Se I I N I BUSINESS STATISTICS 0b~~m- tc.:'rm- :~;- :r;'- j March April May June July August ~~m- October b~~m- D':'rm-

------~----~--~----~--~----~--~----~--~----~--~----

LIFE INSURANCE

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

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

mil. of doL U.S. Government. _______________________ do ___ _ State, county, municipal (U. S.) __________ do ___ _ Public utility (U. S.) ______________________ do •... Railroad (U. S.l---------------------------do •... Industrial and miscellaneous (U. S.) .....•. do •...

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

Preferred (U. S.l-------------------------.do .... Common (U. S.l--------------------------do ___ _ Mortgage loans, totaL _______________________ do ___ _ Nonfarm __________________________________ do ___ _

Real estate _____ -------------------------- __ .do ___ _ Policy loans and premium notes ____________ _cto ___ _ Cash ____________ ------------------------- __ .do. __ _ Other assets ________________________________ .do. __ _

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

Value, estimated totaL ________________ mll. of doL Group and wholesale _____________________ _cto ___ _ IndustriaL __ --· ____ --------·-----·-------.do ___ _ Ordinary totalel------------··----- ------ .. do. __ _

New England ___ ----·--·-·---------- •.• .do. __ _ Middle Atlantic.---------------------- •. do. __ _ East North CentraL ____________________ do ___ _ West North CentraL ____________________ do ___ _ South Atlantic. -------------------------do. __ _ East South CentraL •••••••••••••••••••• do •••.

West South CentraL •.•..•••••.•...•... .do •... Mountain._._. ____ .. _._ ..••• __ . __ .... __ . do .. _. Pacific _____ ------------------ ..••••••... do •. __

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

mated tota'--------------------------mll. of doL_ Death benefits _________ -------------·--- ___ .. do ___ _ Matured endowments _______________________ do ___ _ Disability payments _________________________ do. __ _

95,287

48,982 7, 745 2,228

13,962 3,842

18,583

2,969 I, 703 1,254

32,706 30,240

2,815 3,483 1,107 3,225

4,805 866 531

3,408

215 838 732 260 412 145

281 114 370

473.1 197.5 56.3 9.1

Annnlty payments •....•••••••••••••••••••.. do____ 44.1 Surrender values ____________________________ do____ 86.0 Polley dlvldends ____________________________ do.... 80.1

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

Accident and health _________________________ do ____ ---------Annuities ....... -------- ..• ------- .•.. _ .. __ .do .. __ .. __ ... __ Group_ ........ ___ -------- ___ •.... ___ ------ .do. ___ ---------IndustriaL ..... ----------- ••.•.••.•• __ . __ ._ .do. __ .. --------Ordinary.----------------------- ______ ...••. do •••. ---------

MONETARY STATISTICS

Gold and sliver: Gold:

Monetary stock, U.S. (end of mo.) .... mil. of doL. Net release from earmark§ ___________________ do ___ _

r~~~l~= = == = = = == = == == = = = = = = = = = = = = = = = ~~~~~-_ ~~~~~= = Production, reported monthly total\! ••••... do ___ _

21,910 105.7 '258

12,740

95,844

49,056 7, 519 2, 234

14,005 3.842

18,808

2,909 1,636 I, 261

32,994 30,524

2, 829 3, 505 I, 273 3, 278

7, 138 2, 736

556 3,846

224 919 816 310 442 152

332 160 445

590.9 209.0 63.7 8.9

38.1 94.9

176.3

2,673.1 403.1 358.2 289.0 279. i

1,343.2

21,949 51.2 353

3,090

FINANCE-Continued

96,316

49,324 7, 588 2, 244

14,030 3,838

18, 951

2, 921 I, 632 I, 273

33,279 30,810

2,841 3. 523 1, 141 3, 287

4, 338 705 472

3, 161

210 738 673 249 364 131

295 no 354

595.9 236.9 66.5 10.9

96,738

49,470 7, 544 2, 244

14,049 3,837

19,084

2, 933 1,627 1, 287

33.479 31,001

2, 865 3, 547 l, 103 3, 341

5,000 1, 281

509 3, 210

211 767 679 250 372 137

283 ll6 347

495.0 207.4 56.4 8.9

61.5 41.9 98.0 94.4

122.1 86.0

22,252 295.9

88,386 34,498

22.304 28.0

41,787 11,980

97,074

49,564 7,427 2,251

14,110 3,840

19,204

2, 941 1.628 I, 294

33,672 31,179

2, 883 3, 575 1,056 3,383

5,653 1,158

563 3,932

250 959 826 301 449 165

346 136 424

575.8 223.8 68 .• 1 10.0

45.8 108.3 119.4

2, 470. I 391.5 311.5 284.9 234.3

1,247.8

22.306 16.0

36,316 27, 511

97,488

49,767 7,430 2,264

14,157 3,838

19,314

2, 951 1,629 1,303

33,840 31,334

2, 907 3,606 1,080 3,337

5,907 1, 510

569 3,828

241 949 788 282 450 168

323 135 412

560.8 228.1 63.5 9.8

97,868

49,899 7,340 2,290

14, 182 3,843

19,442

2,958 1, 630 1,309

34,022 31,498

2, 948 3,633 1,058 3, 350

6,224 1,680

574 3, 970

255 983 843 309 458 173

348 !50 452

551.5 233.6 63.2 9.4

44.1 44.6 1!0. 6 108.7 104.7 92.0

22,318 -5.8

189 20,967

22,620 285.4

144 20,121

!l!l, 231)

50,014 7,270 2,290

14,259 3,841

19,541

2, 956 1,620 1,317

34, 159 31,620

2,983 3,657 1,118 3,352

5,545 1.365

521 3,659

234 898 731 297 445 158

332 136 427

515.6 196.4 56.7 9.3

4.5.0 102.2 106.0

2. 389.7 410.0 241.7 266.4 202.7

1, 268.9

22,623 -6.0

304 10,265

99,006

50,48(} 7,306 2,323

14,339 3,837

19,844

2,993 1, 622 1, 350

34,356 31,794

3,004 3, 703 1,113 3,356

5, 281 1,000

492 3,699

232 910 770 306 428 156

333 145 419

551.2 233.4 54.7 9.6

99,314

50,604 7,26& 2,333

14,375 3,842

19,932

3.018 1,622 1,37&

34,547 31,978

3,032 3, 731 1, 083 3,3.;11

4, 963 75!l" 51&

3, 6811

225 880 784 29S 436 1511

332 138 437

525.3 222.1

55.4 9.1

46.& 44.7 107.5 105.7 99.5 87.7

22,627 -.8 168

2,825

22,626 -11.4

163 28,738

99,812

50,755 7,224 2,340

14,426 3,843

20,.076

3,()10 1,624 1,365

34,697 32,122

3,000 3. 764 I, 128 3,399

4,602 672 M7

3,413

200 805 725 273 433 152

320 130 374

496.9 202.4

53.0 9.1

42.6 92.5 97.3

2,476.1 413.6 297.1 283.5 204.7

1, 277.8

22,635 -9.0

358 19,290

100,224

51,005 7,233 2,352

14,504 3,845

20,222

3,021 1,630 1,370

34,859 32,274

3,085 3,802 1,112 3,340

5, 732 1,244

510 3,978

244 977 826 316 477 165

364 154 455

587.1 248.8 64.0 10.2

100,597

51,122 7,135 2,362

14,553 3,84fi

20,368

3,028 1,626 1, 381

34,986 32,396

3,113 3,833 1,126 3,389

5,469 I, 181

465 3,823

246 979 796 292 45.) 157

331 146 421

525.2 222.4 57.8 9.2

47.6 44.8 118.3 101.7 98.2 89.3

22,691 36.9 172

42,956

22,763 -31.2

206 26,948

Africa. ____ • ______________________ ._._ ••• _ .do.--_

Canada. ___ ------------------------------ .do ___ -United States •• ------------------------ ... do.--.

78,000 52,500 12,900

5,600

73,600 50,500 12,800 4,600

76,500 53,100 12,600 5,000

72,900 .51, 200 12,000 4,400

78,300 54,400 13,200 5,100

54,000 12.900

4, 700

55,300 13,100 5,000

54,800 12,600 4,900

56,400 12,800 5.800

56,100 12,600 5,800 13,100 ""i3;9iiii" ========= =========

Silver:

r~~~~l~= = = = = = =: ::: =: ==: :::::::: = = = =: = = = = = = = =~g= = = = Price at New York .....••••••••... dol. per fine oz .. Production:

Canada ________________________ thous. of fine oz ..

'1, 381 9,435

. 914

272 8,869 .914

2, 405 9,101

. 914

961 6.396 . 914

707 11,232

. 914

1,183

7:~~ 1.326 5, 943 .913

1,045 10,820

.905

917 16,241

.903

465 16,695

.909

5, 700 6, 500 5, 100

471 7. 993 .906

681 5, 786 .906

2, 771 Mexico ____ .-----------------------------_ .do. __ _ United States._ .. ---------------------- ... do.--­

Money supply (end of month):

2,430 3, 732 2,886

2,357 3,048 3,168

'2, t.o9 4,066 2, 997

'2,032 3, 784 2, 925

'2, 346 4, 248 3,360

T 2, 22t) 3, 217 3, 735

'2, 107 4, 336 2,486

'2,202 3, 793 3, 386

'2, 377 2,842 2,859

1 2,566 4, 628 2.500

r 2, 330 4, 156 2, 937 --·:~:334· ---2;73i" ---------

Currency in circulatlon __________________ mil. of doL_ Deposits and currency, totaL _________________ do ___ _

Foreign banks deposits, net_ ________________ do ___ _ U.S. Gover.nment balances ________________ _cto ___ _

Deposits (adjusted) and currency, total, _____ do ___ _ Demand deposits, adjusted, _______________ do ___ _ Time deposits, adjusted1------------------do ___ _ Currency outside banks __________________ _cto ___ _

Turnover of demand deposits except interbank and U. S. Government, annual rate: l

New York City ________ ratfo of debits to deposits __ 6 other centers a" ______ ------------------- _____ do ___ _ 337 other reporting centers _____________________ do ___ _

31, 424 31, 790 227, 000 230, 510

3,400 3, 306 6, 500 5, 254

217,200 108,300 80,900 28,000

48.3 31.0 23.6

221,950 111,391 82. 224 28,335

51.8 29.9 23.3

30,614 226,400

3,100 3.300

30.575 225,100

3,100 3, 900

219, 900 218, 000 109, 500 107, 000 82. 900 I 83. 600 27, 400 27, 400

48.31 48.9 30.0 30.2 22.9 23.0

30, 585 225,400

3,100 5,100

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

48.7 32.0 22.5

30,519 228,200

3,200 5, 500

219,600 107,300 84,900 27,400

46.9 30.3

'22.4

30, 836 31,082 30, 933 31, 133 31,073 31,090 3!, 661 228, 200 •229, 100 •229, 300 •229, 000 •229, 500 p 231,100 •231, 000

3. 200 p 3, 400 p 3, 300 p 3, 200 p 3, 300 p 3, 300 p 3, 200 6, 600 p 6, 100 p 5, 000 p 5, 700 • 5, 300 • 4, 800 • 4, 600

218,400 •219, 700 •221, 000 •220, 000 •220, 900 •223,000 •223, 000 104, 800 •105, 600 •106, 600 •105, 100 •105, 500 p 107,200 •107, 200 ~~·~a·~~·~~·~~·~~·~~ ~900•~B•~B ·~B ·~B•~B•a500

47.1 30.5 23.2

51.4 30.4 23.1

49.5 30.6 23.6

44.7 28.5 22.1

52.2 31.4 24.1

49.9 29.6

'22. 7

51.2 p 30.7 p 23.6

58.9 p 32.2 p 25.0

' Revised. • Preliminary. t Revisions for assets of all life insurance companies for January-July !956 will be shown later; those for insurance written for 1956 are shown in the SURVEY beginning with the July 1957

Issue. $Data for January 1956-Apri!l957 include revisions not distributed by areas. § Or increase in earmarked gold (-).

<;1 Includes data for the following countries not shown separately: Mexico (through 1956 only); Colombia; Chile; "'icaragua; Australia; and India. , The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as.in process of collection. Q'!lncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.

January 1958 SURVEY OF CURRENT BUSINESS S-19

Unless otherwise stated, statistics through 1956 and I 1956 l----,------,-----,---,-----,---1,9,57 __ -----,,-----,---,------,-----,-------

descriptive notes are shown in the 1957 edition of Novem I Decem J I F b I I I I I I I S t I I N I D BUSINESS STATISTICS ber -1

ber - :~r ~r;u- March April May June July August e~e~m- October i ~e~m- 'b:::U.

FINANCE-Continued

PROFITS AND DITIDENDS (QUARTERLY)

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

Food and kindred products __________________ do ____ ---------Textile mill prodncts ________________________ do ____ ---------Lumber and wood products (except furniture)

mil. of doL ---------Paper and allied products ___________________ do ____ ---------Chemicals and allied products ..•••••••••••.. do ____________ _ Petroleum refining __ ------ ------------------do ____ ---------Stone, clay, and glass products .•••••••••.... do ____ ---------Primary nonferrous metaL __________________ do ____ ---------Primary iron and steeL _____________________ do ____ ---------Fabricated metal products (except ordnance,

machinery, and transport. equip.) ____ mil. of doL. ---------Machinery (except electrical) ________________ do ____ ---------Electrical machinery_----------- ____________ do ____ ---------Transportation equipment (except motor vehicles,

etc.) _________________________________ mil. of doL ---------Motor vehicle.• and parts ____________________ do ____ ---------All other manufacturing industries ••••••••.. do ____ ---------

Dividends paid (cash), all industries .......... .do .... ________ _ Electric utilities, net profit after taxes (Fed. Res.H

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

SECURITIES ISSUED

Securities and Exchange Commission: Estimated gross proceeds, totaL _________ mil. of doL.

By type of security: Bonds and notes, totaL_ ___________________ do ___ _

Corporate _______________________________ do ___ _ Common stock ____________________________ do ___ _ Preferred stock __________ ----- __ . _____ ..•.. do ___ _

By type of issuer: Corporate, total9 -------------------------do ___ _

Manufacturing -------------------------do ___ _ Mining ______ -------------------------- .. do __ ._ Public utility--------- ___ ----- __________ .do. __ _ Railroad. ___________ ----- _____________ .. do .. __ Communication _________________________ do ___ _ Real estate and financiaL. _______________ do ___ _

Noncorporate, total 9 ---------------------do ___ _ U.S. Government_ _____________________ do ___ _ 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' Bslances (N.Y. S. E. Members Carrying Margin Accounts)

1,829

1, 157 451 627 45

1,123 168 78

156 39

600 38

706 389 311

l, 110

1,048 905 143

21 41

311,354 327,959

Cash on hand and in banks. _______________ mil. of doL. ---------Customers' debit balances (net) _________________ do____ 2,817 Customers' free credit balances __________________ do____ 822 Money borrowed .•• -----------------------------do.... 2, 114

Bonds Prices:

Average price of all listed bonds (N. Y. S. E.), total§._-·-·-··----- __ --- ________ -----_ .. dollars._ Domestic ____________________________________ do ___ _

Foreign ____________________________________ .do. __ _ Standard and Poor's Corporation:

Industrial, utility, and railroad (A1+issues): Composite (21 bonds) d' ... dol. per $100 bond ..

Domestic municipal (15 bonds) ______________ do ___ _ U.S. Treasury bonds. taxable .•...•••.•.•.•.•. do ___ _

Sales: Total, excluding U.S. Government bonds:

All registered exchanges: Market value ____________________ thous. of doL. Face value. _________ --------------_---- .do. __ _

New York Stock Exchange: Market value ____________________________ do ___ _

Face value._ ----------------------------do ___ _ New York Stock Exchange, exclusive of stopped

sales, face value, total§ _____________ thous. of doL. U. S. Government_ __________________________ do ___ _ Other than U.S. Government, total§ ...•.... do ___ _

Domestic .•.•. __ . __ • __ • ____________________ do ___ _ Foreign_----· ____________ • _________ ._. _____ do ___ _

• Revised. • Preliminary.

92.14 92.42 75.09

103.7 109.0 90.22

96,407 101,520

95,082 100,010

105, 810 29

105, 781 100,601

5,180

4, 255 262 96

35 16.1 451 827 162 194 410

145 375 190

129 378 435

2, 259

331

I, 955

1, 756 915 183 16

1,114 538 18

160 44 76

153

841 390 427

1, 098

1,049 737 312

11 39

2, 432

2, 254 916 144 34

1,094 396

24 251 51

107 191

1,337 496 685

1,075

1,026 794 232

11 38

2,123

1, 769 761 329

26

1,116 558

43 265 22· 47

113

1,007 386 569

1, 092

927 724 203

22 144

427, 298 685, 472 568, 928 148,455 325, 574 454, 707

336 2,866

878 2,195

91.59 91.91 71.94

102.8 108.1 88.74

144,608 152,555

143,305 150,956

124,985 103

124,882 120,353

4,525

343 2, 700

866 2,006

93.33 93.69 73.00

102.8 108.6 89.96

116,182 120,730

114,750 119,016

94,060 0

94,060 89,458

4, 590

322 2, 764

828 2,057

93.33 93.57 76.71

104.2 110.9 91.51

93,606 93,715

92,471 92,390

74,802 35

74,767 71,862 2,883

4,099 224 66

12 149 453 806 120 176 390

149 385 236

120 467 346

I, 804

393

3, 248

2,934 1,072

276 38

1,386 377

18 514 39

284 93

1,862 1, 327

503

1, 365

1, 271 1,106

165 21 73

503, 237 146,928

313 2, 741

820 2,005

93.41 93.65 77.04

104.4 110.0 90.88

85,420 91,927

84,305 90,671

77,758 35

77,723 73,933 3, 783

tRevisions for electric utilities for last 3 quarters of 1955, respectively (mil. dol.): 292; 285; 325. 9 Includes data not shown separately.

2,362

2,053 647 264 46

956 324

21 364

28 48 96

1,406 390 763

937

864 653 211 13 61

763,411 204,961

319 2,820

807 2,104

92.48 92.72 76.62

104.3 109.8 90.45

105,432 104,640

104,304 103,350

90,065 0

90,065 86,120

3, 935

1, 785

1,675 691 85 25

802 142

11 368

54 83 73

983 394 539

786

707 558 149 15 64

538,533 337,264

320 2,833

817 2,115

91.62 91.85 78.23

103.2 106.9 89.41

91,949 96,698

90,490 94,864

87, 537 I

87,536 83,306 4,227

4,072 258 65

40 130 469 671 170 139 377

178 428 226

139 386 395

I, 817

327

2, 401

1, 928 1,074

407 66

1, 547 660

20 444

25 139 213

I, 977

I, 724 770 230 22

1,022 244

44 248

23 54

347

854 954 362 400 388 516

I, 520 I, 006

1, 419 930 1, 051 457

368 474 31 15 69 60

387, 502 516,182 152, 644 271, 697

321 2, 918

820 2,156

90.10 90.32 77.28

101.0 103.5 87.12

98,622 103,748

97,613 102,590

87,626 0

87,626 83,073 4,538

327 2, 917

829 2,138

89.93 90.16 75.93

100.0 103.5 86.88

94,431 101,398

93,186 99,907

84,054 2

84,0.12 79,881 4,!59

I, 934

1,827 830

76 31

937 246

14 255

15 129 219

997 392 595

923

905 622 283

9 9

595,240 272,017

332 2,863

816 2, 093

90.12 90.34 75.44

98.3 !01. 2 86.92

78,750 85,758

77,601 84, 401

74,993 0

74,993 70,978 4,013

3, 737 320 72

42 128 446 642 176 118 293

179 339 209

121 233 419

1, 766

326

3,980

3,865 913 96 19

1,028 340 28

426 24 66 78

•2.624

'2, 456 872 100 68

1,039 133

45 307 18

366 156

2, 952 • I, 584 2, 263 894

437 '683

1, 012 I, 025

949 976 803 773 146 203 40 12 24 38

437, 163 639, 367 252,251 302, 503

339 2, 824

838 2,109

89.86 90.08 75.32

98.0 101.3 86.86

73,222 84,634

71,978 83,093

73,706 0

73,706 69, 798 3,896

354 '2,608

879 I, 780

89.67 89.89 75.34

98.2 102.9 93.19

112,849 130,206

Ill, 565 128, 615

118,623 0

118,623 113,105

5, 516

§Data for bonds of the International Bank for Reconstruction and Development. not shown separately, are included in computing average price of all listed bonds. d'Number of bonds represents number currently used; the change in the number does not affect the continuity of series.

3,015

2, 841 693 150 24

867 254

22 313 16 92

125

2,148 I, 374

615

850

793 565 228 19 38

325 2, 559

876 1,697

92.67 92.93 75.27

98.3 102.7 103.4 107.5 95.63

94,231 109,879

93,159 108, 569

99,249

s-20 SURVEY OF CURRENT BUSI~ESS

Unless otherwise stated, statistim through 1956 and I 1956 I 1957 descriptive notes are shown in the 1957 edition of Novem I Decem -J--,,-F-b---,,---,,,----,.----..-,--___::;.::1 ::_ __ ,,---,,---,,---,,-. --,,--­BUSINESS STATISTICS ~ ber - ber - ~~;- ~r;u- March April :!\lay June July August Se~~~m- October ."~r~m- Dr;::n-

SECURITY MARKETs--Continued Bonds-Continued

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

Domest!C------------------------·-----------do ___ _ Forelgn ______________________________________ do ___ _

Faee value, total, all issues§ ___________________ do ___ _ Domestic ____________________________________ do ___ _ Foreign ____________________________________ •. do. __ _

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

By ratings: Aaa. _____ ------------ ______ ----- _________ .do ___ _ A a. ______ ------------- ___________________ .do. __ _ A. ____ -------------------------- ________ •. do ___ _ Baa. __ ---------------- ______ ------ _______ .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 _________________ do ___ _

Stocks Cash dividend payments publicly reported:

Total dividend payrnents__ ______________ mil. of doL Finance _____________________________________ do ___ _ Manufacturing ____________ ----- ____________ .do ___ _ Mining ____________ -------- ________________ .. do ___ .. Public utilities:

Communications ________________________ .. do ___ _ Electric and gas ___________________________ do ___ _

Railroad. ____ --------- __ ----- ______________ .do. __ _ Trade ______ --------- _______________________ .do. __ _ Miscellaneous .. ___________________________ • .do ___ _

Dividend rates, prices, yields, and eam\ngs, common stocks (Moody's):

Dividends per share, annual rate (200 stocks) .dollars __ Industrial (125 stocks) _______________________ do ___ _ Public utility (24 stocks) ____________________ do ___ _ Railroad (25 stocks) _________________________ do ___ _ Bank (15 stocks) ___ -------------------- _____ do ___ _ Insurance (10 stocks) ------------------------do ___ _

Price per share, end of month (200 stocks) 9 ___ do ___ _ Industrial (125 stocks) _______________________ do ___ _ Public utility (24 stocks) ____________________ do __ __ Railroad (25 stocks)_ ------------------------do ___ _

Yield (200 stocks) ---------------------------Percent __ Industrial (125 stocks) __ -------------------- .do __ __ Public utility (24 stocks) ____________________ do __ __ Railroad (25 stocks) _________________________ do ___ l Bank (15 stocks) ____ ------------------------do ___ _ Insuranee (10 stocks) ------------------------do __ __

99,382 97,663

1, 211

107, 861 105,677

1, 613

3.90

3.69 3. 76 3.90 4. 24

3.82 3. 86 4. 01

3.24 3.38 3.30

314.4 79.7

127.6 6. 4

1.2 78.0 3.4

10.7 7. 4

5.38 5. 88 2. 37 4.05 3. 45 4.01

!26. 44 145.04 48.72 67.24

4. 25 4.05 4. 86 6.02 4. 37 3.30

Earnings per share (at annual rate), quarterly: I Jndu~trial (125 stocks) _____________________ dollnrs __ ---------Public utility (24 stocks) ____________________ do ____ ---------Railroad (25 stocks) _________________________ do ____ ,_. ___ ----

Dividend yields, preferred stocks, 14 high-grade 'j

(Standard and Poor's Corp.) _____________ percent. _ 4. 56 Prices:

Dow .Tones & Co., Inc. (65 stocks) .. __ dol. per share .. Industrial (30 stocks) ------------------------do ___ _ Public utility (15 stocks) ____________________ do __ __ Railroad (20 stocks) __ -----------------------do ___ _

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

169.73 479.34 66.71

155.81

Combined index (500 stocks) ________ 1941-43=10.. 45.76

Industrial, total (425 st-ocks)<;! ___________ do ___ _ Capital goods (129 stocks) _____________ do ___ _ Consumers' goods (196 stocks) _________ do ___ _

Public utility (50 stocks) ________________ do ___ _ Railroad (25 stocks) _____________________ do ___ _

Danko:, N.Y. City (12 stocks) _____________________ do ___ _ Outside N.Y. City (17 stocks) ____________ do __ __

Fire insurance (17 stocks) ____________________ do ___ _ Sales (Securities and Exchange Commission):

Total on all registered exchanges: Market vaiue ________________________ mil. of doL. Shares sold_ -------------------------thousands __

On New York Stock Exchange: Market value ________________________ mil. of doL. Shares sold ________ ------_----------- thousands ..

Exclusive of odd lot and stopped sales (N. Y. Times) ________________ -------- __ thousands._

Shares listed, New York Stock Exchange: Market value, all listed shares ___________ miL of doL. Number of shares listed ____________________ millions ..

48.92 48.27 33.60 31.82 31.73

20.38 40.70 25.95

2, 797 89,818

2,404 ()1,537

43,550

211,412 4, 420

FINANCE-Continued

99,022 97,358 I, !59

108, 109 105,929

1, 611

3.99

3.75 3. 85 3. 98 4. 37

3. 95 3.93 4.08

3.23 3. 44 3.43

2,217. 4 267.7

1,372. 9 217.0

45.3 130.3 91.5 55.8 36.9

5. 39 5. 88 2. 37 4. 06 3. 54 3. 99

130.66 150. 74 48.96 67.59

4.13 3. 90 4. 84 6.01 4. 41 3. 28

II. 45 3. 35 9. 91

4. 63

172.41 492.01 67.61

154.41

46.44

49.79 49.59 33.38 31.70 31.75

20.20 40.94 25.17

2,642 96, !57

2, 272 64,816

46,422

100,951 99,253 I, 165

108,165 105,933

1,596

4.04

3. 77 3.89 4. 01 4. 49

4.02 3. 98 4.12

3.07 3.40 3.33

801.5 168.5 268.9

8. 5

141.3 90.7 37.8 77.3

8. 5

5. 43 5. 90 2. 40 4.13 3. 52 3.99

125.90 142.80 50.05 65.97

101,317 99,503

1, 223

108,557 106,336

1,595

3.99

3. 67 3.83 3.99 4.47

3.94 3. 97 4. 06

3.05 3.26 3.20

335.4 103.1 116.2

3.0

1.2 80.6

7. 3 18.4

5. 6

5. 44 5. 91 2. 41 4.11 3. 52 3. 99

122.54 138.53 49.98 62.74

4.31 4.44 4. 13 4. 27 4. 80 4. 82 6. 26 6. 55 4. 44 4. 59 3.15 3.10

4. 51

171.73 485. 90 69.73

152.75

45.43

48.43 48.48 32.62 32.32 31.36

20.39 40.39 25.86

3,035 113,712

2, 589 77,245

48,161

4. 47

165.68 466.84 70.44

143.02

43.47

46.10 46.43 31.55 32.29 29.59

19.62 38.40 26.70

2,330 115, 443

I, 997 87,467

219,176 211,997

37,575

207,719 4, 462 4, 489 4, 556

101,605 99,784

I, 228

108,769 106,548

1, 595

3. 97

3.66 3.80 3. 97 4. 43

3.90 3. 95 4.04

3.07 3.32 3. 25

1, 670.7 107.7

1,129. 1 127.5

42.0 119.0 74.4 45.0 26.0

5. 44 5. 91 2. 42 4.11 3. 52 4. 00

125.14 141.98 49.88 63.56

4. 35 4. 16 4. 85 6. 47 4. 58 2. 99

11. !0 3.36 6. 36

4. 46

167.16 472. 78

71.09 143.12

44.03

46.86 4fi. 56 32.08 32.45 29.37

19.50 38.87 27.80

2,060 96,133

I, 720 67, 115

35,652

212,329 4, 570

100,657 98,847

I, 227

108,845 106,613

1,602

3.96

3.67 3. 79 3.95 4. 44

3.89 3. 94 4.06

3.23 3.33 3.30

762.3 133.4 272.0

8.1

140.7 107.2 27.0 63.6 10.3

5. 44 5. 91 2. 43 4. 09 3. 57 4.00

130.64 149.42 50.37 64.81

100,061 98,060

1, 351

109,208 106,765

1, 727

4.02

3. 74 3.83 3.99 4. 52

3.96 3.98 4.13

3.35 3. 52 3.39

300.0 62.4

130.6 2.6

1.3 81.2 3.4

11.5 7. 0

5. 44 5. 90 2. 43 4.09 3.62 4.00

134. 19 154.31

51.85 64.55

4.16 4.05 3. 96 3. 82 4. 82 4. 69 6. 31 6. 34 4. 61 4. 77 2. 92 2. 91

4. 47

170.86 485.42 72.02

145.83

45.05

48.06 48.26 32.67 33.03 29.78

19.40 38.82 28.38

2, fl81 108,533

2, 267 73,000

48,310

221,595 4, 587

4. 53

175.04 500.83 73.91

146.64

46.78

50.10 50.11 33.64 34.03 30.42

19.42 38.96 28.31

3,296 112,428

2,818 72,669

52,559

228,585 4, 656

98,483 96,509

1, 335

109,299 106,855

1, 728

4.15

3.91 3.98 4.09 4.63

4.14 4.06 4. 26

3. 40 3. 75 3. 61

1, 679.0 107.2

1, 120.6 125.7

41.7 132.6 73.9 51.2 26.1

5.43 5.89 2.43 4.09 3.64 4.00

134.03 150.23 48.96 64.79

4.05 3. 79 4. 96 6.31 4. 84 2. 97

10.85 :!.31 H. 74

4. 69

174.95 505.33 72.14

145.67

47.55

51.30 50.92 33.59 33.35 30.11

19.25 3R. 64 27.99

2, 987 107,489

2, 543 72,584

44,479

227,928 4, 678

98, 351 96,447

1, 263

109,359 106,976

1, 664

4.26

3.99 4.10 4.20 4. 73

4.19 4.19 4.39

3. 47 3. 75 3.63

763.6 146.5 280.9

7. 4

141.0 95.5 18.4 62.0 11.9

5. 44 5. 91 2. 42 4. 09 3. 62 4.00

135.80 157.66 49.60 66.03

98,530 96,627

1, 254

109,336 106,954

1,662

4. 37

4.10 4. 21 4.35 4. 82

4. 29 4. 33 4. 49

3.56 3. 91 3.62

316.2 65.7

129.4 2. 5

1.3 ~-0 10.2 14.5 9.6

5. 44 5. 92 2. 42 4.08 ~- 66 4.00

129.12 148.83 48.52 f\1. 25

4. 01 4. 21 3. 75 3. 98 4. 38 4. 99 6.19 6.66 4. 68 4. 62 3. 05 3. 34

4. 75

177. 76 514.64

70.81 150.84

48.51

52.54 52.15 34.86 32.93 31.20

19.75 39.M 27.73

3,091 98,574

2,620 65,617

48,262

4. 83

1f>S. 95 487.97 68.49

142.41

45.84

49.51 48.48 :l3.65 31.89 29.52

20.14 39.57 25.66

2, 594 83,218

2,216 54,544

41,409

98,481 96,573

1, 253

109,591 107,208

1,664

4.44

4.12 4.26 4. 43 4. 93

4.31 4. 45 4. 56

3. 45 3.90 3.64

1, 671.8 105.0

1, 126.8 134.6

41.2 134.5 61.5 42.5 25.7

5. 45 .>. 93 2. 44 4.09 3. 66 4. 04

121.02 138.73 47.67 55.76

4. 50 4. 27 .1.12 7. 34 4. 81 3. 49

p 9. 30 p 3.35 p 6. 63

4.79

161.71 471.79 67.44

129.85

43.98

47.52 46.32 32.75 31.09 27.17

• 20.10 39.07 24.70

2,077 70,805

1, 780 48,090

36,873

229,924 217,898 205, 705 4, 705 4, 719 4, 733

99,015 97,093

1, 276

110,426 108,010

1,693

4.46

4.10 4.28 4.46 4. 99

4.32 4. 48 4.57

738.2 138.8 263.5

8.0

141.1 92.9 22.1 64.1

7. 7

!\. 45 5. 94 2. 44 3.98 :l. 64 4.04

116. 51 133.59 47.15 50.88

4. 68 4. 45

·'· 17 7. 82 5. 08 3. 74

4.80

151.27 443.38 65.18

116.70

41.24

44.43 43.24 31.55 30.39 24.78

•18. 90 36.96 23.12

3, 2.12 119,304

2,822 84,770

63,983

196,675 4, 747

102,487 100,524

1, 236

110, 598 108,173

1, 642

4. 49

4.08 4. 29 4. 50 5.09

4.34 4.49 4.65

4.33

3.81 4.08 4. 38 5.03

4.1! 4.34 4. 53

325. 0 2, 131. 9 75.6 224.7

134. 6 1, 375.2 2.4 172.9

1. 3 45.9 85.2 143.4

4. 3 81.6 14.1 53.6 7. 5 34. 6

5.38 I 5.40 5.8fi 5.88 2. 45 2. 46 3. 75 3. 75 3. 62 3. 72 4.04 4.04

117.38 134.30 48.65 48.64

4. 58 4. 36 5.04 7. 71 4. 84 3.50

4. 78

146.87 436. 73 65.83

104.63

40.35

43.41 41.87 30.52 30.68 22.63

18.47 35.75 22.19

2,263 133, 058

1, 967 106,970

48,217

200,919 4. 781

113.20 128.38 50.30 45. 11

4. 77 4. 58 4.89 8.31 5. 09 3. 46

4. 49

146.03 436.94 68.08 98.13

40.33

43.29 41.35 30.29 31.79 21.39

18. 73 35. 7fi 23.45

54.468

• Revised. "Preliminary. 'For bonds due or C'dllable in 10 years or more; prior to November 1957 for bonds due or callable in 10-20 years (comparable yield for November 1957 is 3.61 percent)_

§ Include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average prlee of all listed bonds shown on p. S-19.

? Includes data not shown separately. d'Number of stocks represents number currently used; the change in the number does not affect the continuity of series. '!Data not shown in !957 BusiNESs STATISTics; indexes prior to August 1956 are available upon request.

.Jannarr Hl58 SURVEY OF CURRENT BUSINESS S-21

1957 ~nle~ ~therwise stated, statistles through 1956 and I 1956 ~-deseriptive notes are shown in the 1957 edition of Novem-1 Decem- Jauu- I Febru-1 BUSINESS STATISTICS ber ber ary ary March April I May I June I July August I Septem-1 October I Novem-1 Decem-

ber ber ber

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)

Exports of goods and services, totaL _______ mil. of doL. ---------Military transfers under grants, net. __________ do .... ---------Merchandise, adjusted, excluding military trans-

actions0. -----------------------------mil. of doL_ ---------Income on investments abroad ................ do ____ ---------Other services and military transactions •..•... do .... ---------

Imports of goods and serviees, totaL _____________ do ____ ---------~Icrchandise, adjusted0d" __ ------------------do ____ . __ ------Income on foreign investments in U. s ________ do ____ ---------Military expenditures. ------------------------do .... ---------Other servicesd" -------------------------------do ... _ ---------

6,938 417

4,859 746 916

4,843 3,211

163 685 784

Balance on goods and serviees •..••••••••••••••• .do .... --------- +2. 095

PnilatPral transfers (net), total __________________ do .... --------- -1,049 Private._. ------------------------------------do. ___ --------- -132 Government._----------------------------- ... do ... ____ ------ -917

U. S.long- and short-term capital (net), totaL .. do .... ---------Private _____ --------------------------- _____ ... do .... ---------Go\·ernment .. ___ -------------------- _________ do .... ---------

ForPign long- and short-term capital (net) ....... do .... ---------Gold sales [purchases (-)1-----------------------do .... ---------Errors and omissions ________________ ----------- _do ___ _

FOREIGN TRADE

Indexes Exports of U. S. merchandise:t

Quantity .. ------------------------- ... 1936-38= 100. _ Value ... --------------------------------------do .. lTuit value .. _____ ------------------------- ___ .do .. _.

Imports for consumption:t Quantity _______ --------------------------- __ .. do. __ _ Value. ________ ----------------------------- ... do. __ _ Unit value _____ ---------------------------- ... do. __ _

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

TT nad.iusted ________________________ 1952-54= 100. _ Spasonally adjusted .. _____________________ do .. __

Cotton (incl. linters), seas. adj _______________ do .... Imports for consumption, total:

Unadjusted. ____________________________ .. do. __ _ Seasonally adjusted. _________ ---------- __ .do ___ _

Supplpmentary imports, seas. adj ___________ do .... Complementary imports, seas. adj ___________ do ___ _

Shipping Weight

\\' ater-borne trade: Exports, incl. reexports § ________ thous. of long tons __ General imports ______________ ---------- ____ ... do. __ _

Valuet Exports (mdse.), including reexports, total,

mil. of doL H y geographic regions:L!.

.\frica __ ,----------------------------thous. of dol. .\sia and Oceania ____________________________ do ___ _ Europe _________ .. ___ .... _. ____ •. ____ • _____ .. do. __ _

:-.:orthern North America ____________________ do ... . Southern North America .................... do ... . South America. -----------------------------do .. __

By leading countries:L!. Africa:

295 629 213

169 489 289

153 130 164

(') (') (') (I)

12,398 11,204

1,543.5

33,601 239,515 416,293

356,097 172,576 153,760

Egypt. .. __________ ------------------------do.___ 1, 017 Fnion of South Afriea ____________________ .do.... 14, 773

Asia and Oceania: Australia, including New Guinea .......... do ___ _ British Malaya ... _____ .. __________________ .do. __ _ China, including Manchuria ______________ do ___ _ Inc!ia and Pakistan ________________________ do .... Japan. _________________________ .. _. __ ._._ .do ___ _ Indonesia ____ . ____________ .. __________ .. _ .do. __ _ Republic of the Philippines. ______________ do ....

Europe: France_-_------------------------------- __ do ___ _ East Germany_----------------- _________ .do ... . West Germany------------------------- __ .do ... . Italy. _____ --------------- ________ -------- .do .. _. Union of Soviet Socialist Republics ........ do. __ _ United Kingdom __________________________ do ....

1\orth and South America:

15, 188 2,663

0 30,350 94,388 12,503 24,363

40,799 96

67,457 34,868

14 88, 321

Canada-------------------------,. _______ do.___ 356,091

Latin American Republics, total\'------ .. do.___ 306,578 Argentina _____________________________ .. do .. __ 17,381 BraziL ________________________ ----- ____ .do .. __ 23,713 Chile ___________________________________ .do.___ 15, 105

Colombia._--------------. __ .. __ .... ___ .do. __ _ Cuba ______ ---------- .. ----- __________ ._ .do. __ _ Mexico._.--------- ___ .. ____ .. ____ .. __ ._ .do._._ Venezuela _______________________________ do ....

15, 568 42,611 80,865 55,719

-1,180 -1,079

-101 -162 -27

+323

380 816 214

177 513 289

236 192 209

13, 581 10, 717

2,002.5

56,026 367,787 672,616

320,104 201,281 201,610

2,380 24, 577

20,461 4, 720

0 64,304 122,132 19,141 31,467

66,081 0

112,865 65,976

585 122,339

320,102

374,293 26,394 30,633 18, 580

15,205 56,145 74,612 78,871

313 fi84 219

185 539 292

182 170 186

11, 434 11,167

1,680.6

54,492 305,131 543,322

303,258 167,266 170,348

2,140 21,912

13,944 4, 057

2 48,360

114,114 12,472 25, 124

64, 709 32

83,407 55,633

53 105,573

303,250

316,956 21,087 26, 179 16, 355

12,669 47,874 66,993 65,542

'Revised. • Preliminary. 'Revised imports indexes will be published later.

299 654 219

166 489 294

178 167 195

11,244 9, 679

1,609.1

4?, 608 286,830 491,317

312,420 164,765 140,490

4, 536 16,803

10,808 2,889

4 46,703

110,456 7, 121

26,699

57,709 6

82,671 64,395

110 93,928

312,409

286,527 20,884 23,795 10,479

10,957 46, 251 70,401 54,273

7, 267 605

5, 085 621 956

5,018 3,288

161 840 729

+2, 249

-1,182 -147

-1,035

-1,038 -780 -258

-2 -348 +321

397 874 220

186 549 296

191i 185 214

14,719 10,811

2, 151.0

71,237 393,144 654,910

363,007 212,186 249,863

4, 248 29,677

20,866 4, 012

0 59, 701 130,508 13,944 42,525

74,845 4

97,959 81,091

78 124,628

346 758 219

181 530 293

166 172 187

14,370 11,493

1,864.0

69, 777 339,231 516,783

371,532 189,391 217,953

2, 662 22,915

13,005 3, 925

0 53,823

126,500 11,390 32,410

55,618 96

81,134 58,712

112 89,228

363,005 371, 509

434,450 33,695 37,349 22,592

20,825 63,753 80,322 91,591

380,510 31,304 43,376 16,485

14,171 50,352 73,995 80,696

339 738 218

182 .>32 292

155 160 217

13, 723 13,505

7, 774 885

5, 138 736

1, 015

5, 290 3,338

158 882 912

+2,484

-1,5.>8 -135

-1,423

-1,558 -1,366

-192 +635 -325 +322

336 725 216

164 478 292

163 186 173

317 687 217

190 555 291

134 '174

319

14, 138 12, 748 13, 280 ' 15, 665

313 653 218

177 509 287

135 168 206

13,221 15,205

6, 705 446

4, 441 747

1, 071

5, 225 3, 248

163 675

1,139

+1,480

-1,001 -138 -863

-546 -396 -1.50 -188 -27

+282

285 626 220

169 492 292

142 156 178

308 681 221

161 137 162

161 146 167

1,813.7

66,056 325,845 478,325

1, 784.5 1, 690. 6 1, 677. 9 1, 541. 2

53, 933 47, 106 53, 345 45, 271 315,909 283, 023 2.>7, 992 239, 294 469,547 427, 290 419,977 407, 106

1, 672.9

49,981 265,712 436,793

371,172 353,676 319,873 308, 192 181,589 165,458 11\9, 242 181, 518 222,310 217,807 203, 702 242,377

3, 721 27,334

16,666 3, 574

0 43,307

125,443 9,635

30, 140

54,005 57

81,514 56,442

117 85,639

2, 924 23,424

15, 644 3,608

3 49,225

110,502 8,058

31, 731

50,268 0

72,536 51,667

18 77,248

3,139 22,401

12,465 3, 287

0 44, 483

100,795 9, 450

24,416

48,920 7

77,421 41,062

908 76,840

2, 819 24,827

1.>. 071 3, 420

0 42,630 82,16.5

4, 562 31,336

42,749 53

71, 793 49, 457

255 75, 781

302, 154 316, 098 164, 553 190,805 210, 574 229, 969

2, 946 19,299

16,801 2, 578

0 41, 727 64,443

7, 051 28,768

33,985 9

68,161 47,470 1, 458

96,978

2, 922 24,130

26,691 3, 237

0 41,824 76,831 6, 974

31,641

32,979 0

76,913 50,542

388 100,823

371,122 353,644 319,854 308, 167 302, 085 316,080

380,671 27,285 41, 237 19, 214

364,841 23,735 52,571 15,999

15,958117,269 48, 817 43, 687 75, 832 71, 620 86, 444 79, 780

346, 181 19,242 38,208 17,007

22,482 46, 753 66,080 76,336

40.1, 919 26,737 45,243 15, 273

29, 651 48,965 77, 430 95,954

356,212 399,425 17,817 20,680 37' 600 40, 521 15, 454 14, 262

23,247 44,954 69,968 88,288

26, 566 54,304 79,092

101,812

0Adjusted for balanee-of-payments purposes, mainly for valuation, coverage, and timing. ci'Excludes military expenditures.

1, 681.0

52,466 272,466 444,886

294,461 202,238 224,341

2, 742 2.1, 675

21,395 3,109

0 34,045 95,800 8, 423

28,752

33,577 1

79, 838 47, lf>4

47 88,302

294,456

404,823 18, 521 36,975 14, 856

21,844 59,985 80,566

104,208

tRevisions for following periods will be shown later: January-July 1956 (general revisions in both exports and imports); July-December 1955 and January-May 1954 (total exports and certain l'Ompmwnts only); also for 1941-54, pclvate reli<•f shipments of food products, formerly included with finished manufactures, have been shifted to the manufactured foodstuffs class.

tRevised series, reflecting change in comparison base period and increased coverage. Supplementary imports are those similar to, or interchangeable with, commodities produced in the United States; complementary imports include all other. A detailed description of the indexes and data for earlier years will be available later.

§Exeludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo. ,Data include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construc­

tion" shipments) are as follows (mil. dol.): Noyember 1956-November 1957, respectively-119.8; 122.7; 97.1; 121.4; 129.4; 83.7; 102.2; 134.1; 186.8; 141.2; 103.2; 74.1; 86.8. L!.Excludes "special category" shipments. I' Includes countries not shown separately.

8-22 SURVEY OF CURREXT BUSINESS January Hlf>

Unless otherwise stated, statisti<S through 1956 and I 1956 I -. 1957

descriptive notes are shown in the 1957 edition of Novem-1 Decem- . Janu- I Febru-1 I . I I I I IS I I~ I D _B_u_s_IN_E_s_s_s_T_A_T_I_s_T_I_c_s _________ ___.: __ b_er _ _,___b_e_r__,,___a_ry __ _,__a_ry _ __,__:\_1_ar_c_h__,_

1 _A_p_n_I__,__M_a_y_..___Jnn_e_..___J_u_ly--'--A-ugust eb~~m- October - b~~~n- bc:rm

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES-continued

FOREIGN TRADE-Continued

Valuet-Continued Exports of U. S. merchandise, tota[, _______ mll. of doL_

By economic classes: 1,532.3 1,988.3 1,668.1 1,594.9 2,131.5 1,847.6

Crude materials _____________________ thous. of doL. 263,856 357,031 279,144 267,369 320,515 275,377 Crude foodstuffs _________________ ---------- __ do ____ I08,146 135,150 117,992 117,236 129,908 124,089 Manufactured foodstuffs and beverages ______ do ____ 95,043 141,997 103,093 93,511 135,181 100,716 Semimanufactures I' -------- __ --------------_do ____ 223,298 325,950 294,362 287,258 368,282 312,021 Finishe.d manufactures I' ____________________ do ____ 841,979 I,028,122 873,458 829,546 1,177,603 1,034,786

By principal commodities: Ag-ricultural products, total$ _______________ do ____ 362,712 543,084 421,858 393,924 466.927 3R6,554

Cotton, unmanufactured __________________ do ____ 83,356 144,303 122,734 122,492 120,080 92,161 Fruits, vegetables, and preparations _______ do ____ 32.832 31.R79 24,532 23.368 27,278 29,096 Grains and preparations ___________________ do ____ 104,368 1.16.370 123.124 127,177 149,373 135.463 Packing-house products. __________________ do. ___ 23.972

I 34,-0.01 33.486 25, 731 36,069 2.1. 524

Tobacco and manufactures ________________ do ____ 32,055 4.>. nos 25,806 23,289 27,464 26,092

Nonagricultural products, tota\E!) ______ mil. of doL. 1,169.6 I.H5.2 Automobiles, parts, and accessories

1.246.2 I,201.0 1,664.6 1,461.0

thous. of doL_ I10,282 153.163 125,760 101. R50 161,012 142,859 Chemicals and related products§ __________ do ____ 87,062 117, lll 102,750 98,941 139.011 124,250 Coal and related fuels _____________________ do ____ 69.761 61,726 55,692 5.5,458 70.961 79,.\61 Iron and steel-mill products _______________ do ____ 95,882 122,.558 112.295 104.612 14i,4M 132,553

Machinery, total§EB ___ ----- ________ -----_.do ____ 277,616 351,402 300,527 279,828 424,192 371,873 AgriculturaL ____________________________ do ____ 6, 750 7,373 9,001 11.615 15.752 17,068 Tractors, parts, and accessorles __________ do ____ 25,118 31,587 29,973 29.fl02 48,154 37,477 ElectricaL _____________________________ .do ____ 72,824 86.932 69,318 67, 374 91,606 84,636 Metalworking§ _________________________ .do ____ 20,552 25,373 19,853 16,707 30,805 30.253 Other industriaL _____ -------------------do ____ 140.483 I85,116 158,011

I 142,434 221,127 187,435

Petroleum and products __________________ _do ____ 91,799 125,784 111,375 I 114,993 142, 222 106, 76fl Textiles and manufactures ________________ _do ____ 48,682 62,839 50,925 49,926 72,272 59,494

General imports, totaL ____________________ mil. of doL. 986.6 1,059.2 1,112.9 992.8 1,132.3 1,117.8 By geographic regions:

Africa _______________________________ thous. of doL 38.240 .>2. 792 57, 226 45, 474 71,620 52,307 Asia and Oceania ___________________________ _do ____ 1.12. 873 Jfi9,809 185,230 147,353 178,206 186,492 Europe ________________________ ---- _________ .do ____ 264,854 272,297 268,397 214.927 278,746 284,674

Northern North America _____________________ do ____ 250,141 237,305 214,281 217,1H\ 234,119 238,062 Southern North America ____________________ do ____ 95,108 113,583 147,869 139,588 146,991 132,495 South America ________ -------------------- • .do ____ 185,371 213,469 239,910 228,324 222,577 223,752

By leading countries: Africa:

Egypt_ ______________________ ---------- ____ do ___ . 438 2, 6.11 I, 982 I, 57.) I, 470 I 633 Union of South Africa _____________________ do ____ 8, 728 11,447 9. 803 6,156 11, 3-5~ 10,063

Asia and Oceania: Australia, including l\ew Guinea __________ do ____ 6. 84I 15.444 16.940 14, 4St\ 11, 56!\ 14,438 British Malaya ____________________________ do ____ 21, 9t\6 19.958 16.064 12.629 16,t\OO li. 511 China, including Manchuria ______________ do ____ 138 .556 671 1, 64.> 922 575 India and Pakistan ________________________ do ____ 13,049 18,934 24.926 15.435 25, HJO 22, 167 Japan __ -----------------------------------do ____ 45,005 44, 18.1 47,554 38.689 46,604 49.013 Indonnsia ________________________________ .do. ___ 17.439 18, 42R 16, 5R4 13,836 14,634 17,207 Republic of the Philippines _______________ do ____ If\, 2M 12.373 28.904 21. 4~H ! 29, 182 26,400

Europe:

I

France __ ----------- _______________________ do ____ 21, 2R4 19,269 24.923 17. 3()2 22,033 2t\. 257 East Germany ____________________________ do ____ 429 315 455 tiOJ .of\9 430 West Germany_ ---------------------------do ____ 44,247 50,133 41,418 41,049 .>2.124 53,615 Italy __ ------------------------ ____________ do ____ 19,434 24,235 21,936 16.342 20.927 19.333 Union of Soviet Soeialist Republics ________ do ____ 2, 936 I, 127 I, 018 ], 943 ,o(jf\ 1.038

N~~~t~~J<~~~~g~t.nerica:------------------do ____ l 62,048 65,622 58, 047 .00.207 71,898 70.308

Canada ____ -------------------------------do __ --1 249,900 237.271 214,162 217,0SO 234,082 238,033 I

Latin American Republics, tota1E!) ________ do ____ l 25.0. 710 301,2!.1 357,46.1) 334,245 332,199 322,887 Argentma ____ -------------------- ______ .do ___ -I ti, 714 9,004 13,106 II. 532 14, .132 12,008

§~J?~~-~~~~~~ ~~~~~~~ ~~~~~~~~~~~~~~~~~ ~~~~ ~:: i 47,909 53,690 73,.\60 78,472 i-i3,,')fif) 49.079 15.536 29,276 21, 797 1.1, 02fi 1 i. 123 24.849 25,339 30,500 35,424 3.1 .. 117 2.1. 393 30, til9 18,854 21,3!\6 41,550 3!i, Jti1 45. S.l2 40.821

w:;~;~ela========================== ==: = =~~=::. i 29, CJ33 33,909 43, 841 39.843 3f\, 959 36.451 68,720 70, 175 73, OS! 68,939 80,468 84,887

Imports for consumption, tota!_ ___________ mil. of doL. 1,003.3 1,052.3 1,105.4 1,002.7 1,126.8 1,086.9 By economic classes:

Crude materials _____________________ thous. of doL. 237, 6il 260,357 2.13,400 228,HBH 2o4,822 259,334 Cmde foodstuffs. _____________ ------- ________ do ____ 131.632 168,354 2oo,o26 206,H41 17tl,i05 J.\2,103 Manufactured foodstuffs and beverages ______ do ____ 79,506 82.244 102, 948 RR, 288 113,949 108,788 S{'mimanufactures ___________________________ do ____ 260,540 2fi8,0.\5 264,369 2:30,938 2H7,4f•2 259,45!\ Finislwd manufactures ______________________ do .. --1 293,908 273,308 284,179 247,958 303,860 307,177

By principal commodities: 1 257,395 309,208 377,708 3M,96X 357,045 329,955 A~ricultural products, total$---- ___________ do_---~

Coeoa (cacao) beans, mel. shells ___________ do ____ 6,103 11,516 20,179 8. 745 14,251\ 8,347

~7g;:;u;<i -skins:=:::=:=:=:=:=:::======:: ::3~=::: I 93,964 116,723 141,8lil lt\3,38ti 119,7fi6 10fi,:l02 3, 307 4.105 4, 242 3. 590 5,342 4. 928

~~:::.~~-- ~~~~:: -~~1-~~~~g-~~~-~~~~= :==: :=: :3~:::: I :l0,394 36,247 29,616 I 24, 97ti 27. 9fi3 38,240 14,861 18,587 44,067

I 38. (;()3 4.1,f\IO 41,903

Wool and mohair, uumanufactured ... _____ do ____ 14,079 15,258 25,016 23, 4ti3 23,328 19,383

l\onagrieultural products, totalEJ:) ____________ do ____ 745,863 743,110 727,715 647,745 769,744 I 756,903 Furs and manufactures _____________________ do ____ 3,218 11,627 10, 523 8, 932 9,125 5, 581 N onf(•rrou:;; ores, metals, and manufactures, i

total$ ________________________ thous. of doL. 115,314 136,818 -- 129,800 104,835 125,726 I20,803 Copper, incl. ore and mauufactures ______ do ____ 31,061 45,968 47,499 37,246 39,976 37,499 Tin, including ore ______________________ _do ____ 15,568 14,548 10,830 8, 956 11,531 9,(i10

Paper base stocks _________________________ do ____ 28,314 25,545 26,126 27, 7.19 26,013 24,!33 Newsprint_ __________________ ------ _______ do ____ 59,852 56,915 55,072 52,936 53,689 57,970 Petroleum and products ___________________ do ____ !Of\,522 113,892 118,510 113,908 132,113 128,628

'Revised. • Preliminary. tSee similar uote on p. S-21. ,See similar note on p. S-21. I? Data for semimanufactures reported as "special category, type I" are included with finished manufactures. $Includes data not shown separately. §Excludes "special category, type 1" exports.

1,798.6 1,767.2 I, 674.5 I, 664.5 1, 526.8

264,200 248,254 224, 4.)0 228,572 241,224 110,931 134,102 97,468 105,015 88,721 88,986 99,131 92,884 78,895 94,496

300,663 281,449 264,236 245,068 219,219 1,033,803 1,004,226 995,477 1,006,959 883, 105

362,200 382,757 315,932 313,080 332, 792 100,925 80,743 63,722 51,778 56,660 34,031 31,953 3I, 425 30,771 3I, 3I8

106,613 129,666 96,032 103,620 94,873 27,484 29,675 22.890 18.373 23,440 26,668 35,724 26,675 35,366 63,I82

1,436.4 I,384.4 I, 358.6 1,351. 4 I, I94. 0

147,769 113,280 107,857 110,811 92,347 134,026 112,532 115, 121 118, 943 105,448 80,631 84,443 77,921 82,085 73, 567

126,727 126,687 125,088 114, 688 102,295

385,343 354,040 345,392 347, 589 315,183 14,438 I2, 478 12,394 8, 515 8, 635 36,978 31,125 28,293 28,604 29,743 89,612 80,862 96,876 87,964 75,089 27,218 25,902 28, 789 26, 38R 25,328

201,931 190,558 175,510 184,782 161, 647

80,148 70,211 62,007 63.963 58,900 60,656 53,153 45,283 53,309 50,659

1,I04.I 982.6 1, 144.7 I,042.4 I, 007. 1

46,721 41.497 49,612 38,815 39,688 185,486 159,071 199,826 208,195 195,347 268,830 243.216 271. OI8 229,175 246,678

259,851 239,721 I 263, 187 248, 133 242,286 138,902 126,978 142,441 Ill, I53 I04. 26.5 204,318 172,097 I 218, 585 206,879 178.869

1,147 205 1,237 1,146 2, 714 7, 838 9,0.>2 11,216 5, 853 8,137

14,565 13,213 12. 372 II, 424 IO, 273 I8, 564 11, 764 20.092 15,011 15.696

104 65 84 41 30 19,671 21,228 2:J.oo1 17,055 23,479 49,338 41.234 !i2, 616 58, 78.5 5(i, 373 16, 2.50 10,265 li, 59!i II. 22fi 20,531 22.926 21.075 21, 5tH 21,372 16, 769

I 2I. 023 20,862 22,046 19.944 19,216 312 I 194 J:l5 534 422

50,471\ : 44,662 47,540 51,284 47, 626 17,174 : 19,696 22, 144 21. ti63 17,872

l,f\3{i I 2,364 1. 028 2, 314 I, 473 66,394 I S7. 372 71,503 52,828 66,229

I 259,538 I 239.600 263,128 248. 111 242.030

I 311,947 271,793 329. 139 290.304 261,141 11,871 ; 13,465 10,301 8, 081 8,006 46, Ixl 39. 411 42, 174 42, 570 48, fi!O 13.934 14, 6(i4 17,668 14, 595 11,:064 24.521 16,H31 47, 987 43.161 24, 72ii 47, fi4;) 41,684 51,710 41.077 43.8:\8 36, 97H 33,924 33,817 26,794 28,002 86,630 70,397 79,144 74,602 65,598

1,090.9 979.4 1,138. 2 1, 044. 4 1, 009.8

2HR,749 248.082 289, 950 281. 3@2 278,863 147,174 126,001 166, 40a I~9. 414 126, !i79 112,237 98,752 114, 137 IOo,8:l8 103, 794 258,900 2:33,271 247, 520 2.3.3, 705 219,720 303,877 273. 251 320,209 284, 09I 280,808

311,321 259,789 322, 718 297,400 288, 544 7, 752 13,307 12, 474 4.8M 5, 337

9fi, 984 78,299 109,415 !l7. il39 81,227 4,442 4,363 2,887 4. 578 4,109

31, 2fi9 18. 86R 28,289 30.831 28,341 42,814 41.228 48.871 4!, 638 37,023 I5, 357 14.866 15,522 17, 523 I8, 757

779,61.~ 719,568 81.0, 50! 747, 041 721,219 i, 562 5, 524 4, 928 4,040 .J, 8.\0

122,082 109,426 106,246 100.756 101,360 31,843 26,698 30,528 26,395 23,484 13,475 7, 979 14,646 11,034 11,619 25,959 24,066 25,844 28.788 26,963 57,139 52,791 62,950 51,045 52, 52:l

133,469 120,796 145, 780 139.998 117. 191 -

1, 658.8 1, 666.6 --------

258, 8.36 248, 863 --------102,333 100.568 --------94,899 87,675

232,683 224, 477 970,047 1,005,042 --------

373, 99I 368.436 --------72,804 79,750 --------36,919 31,088 --------

IOO, 039 102,099 --------21,391 22, 755 --------61,763 4I, 367 --------

1, 284.8 1, 298.2 ------IOO, 74I 130,906 --------117,001 115,744 --------70,913 58. 25I -------

107,258 94,053 --------349,516 358.306 -------

8,253 7, 076 -------30,069 26, 478 -------87,842 103.087 -------23,809 26,831 -------

185,203 I80, 833 -------60,865 64, 884 -------56,723 58,580 -------

'1,144. 7 •I, 032.0 ---------------- --------- ---------------- --------- ---------------- --------- -------

--------- --------- ---------------- -------· ---------------- --------- -------

--------- --------- --------------- --------- -------·

--------- --------- ---------------- --------- ---------------- --------- ---------------- --------- ---------------- --------- ---------------- --------- --------------- --------- -------

--------- -----·--- ---------------- --------- ---------------- --------- ---------------- --------- ---------------- ------ --------------- ------ -- ---------------- ------ -------

---------- ------ ---------------- ------ ---------------- ----- ---------------- --- --- ---·------------ ---- -- --------------- ---- ---------------- ------- ---------------- ------ -------1, I52. 3 -- -- -- -------

______ j --- -- ---------------- -- ---- ------------------- -- --- ---------------· -- --- -- --------------- ------ -- -------

--------- -- --- -- ---------------- -- -- --- ---------------- -- --- ---------------- -- -- --- ---------------- -- -- --- ---------------- ----- --- ---------------- -- ·-··- -- -----

--------- --- -- --- ----------- -- --- -- -- ------------- ------ ---------------- ---- --·- ------· --------- ---- ---- ---------------- -- ---- ---------------- ·- -- ---- ----------- -- --- -- -------

January 1958 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1956 and I 1956 I 195

7

descriptive notes are shown In the 1957 edition of Novem-1 Decem- Janu- I Febru-1 I . I I BUSINESS STATISTICS ber ber ary ary March Apnl May June

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Operations on scheduled airlines: Miles flown, revenue _____________________ thousands._ Express and freight ton-miles flown ___________ do .... Mail ton-miles flown _________________________ do ___ _ Passengers originated, revenue _________________ do __ _ Passenger-miles flown, revenue _____________ millions. _

Express Operations

Transportation revenues _________________ thous. of doL. Express privilege payments ______________________ do ___ _

I,ocal Transit Lines

Fares, average r.ash rate(!) ______________________ cents .. Passengers carried, revenue~ _________________ millions __ Operating revenues ________________________ mil. of doL.

Class I Motor Carriers (Intercity)

Carriers of property (quarterly totals):

51, 671 22,803

7, 522 3, 040 I, 656

34, 427 12,262

'15. 5 '738

120.6

Number of reporting carriers _________________________ ---------Operating revenues, totaL ____________ thous. of doL_ ---------Expenses, totaL .. ___________________________ _do ____ ---------Revenue freight carried ______________ thous. of tons .. ---------

Carriers of passengers (quarterly totals): Number of reporting carriers _____________ ----------- ---------Operating revenues, tota!_ ____________ thous. of doL ---------Expenses, totaL ____________ ------------- ______ do _______ ------Revenue passengers carried .• ____________ thousands ..

Class I Rail ways

Freight car loadings (A. A. R.) :o" Total cars ________________________________ thousands._ CoaL _____________________ ------- ___________ do. __ _ Coke _______________ -------------------------do. __ . Forest products _____________ -------------- __ .do. __ _

Grain and grain prodncts ___________________ do __ __j IAvestock __________________________________ . .do. __ _ Ore ________________________________________ .do. __ _ Merchandise, I. c. !_ _________________________ do ___ _ Miscellaneous _______________________________ do ___ _

Freight carloadings (Federal Reserve Indexes): Total, unadjusted _____________ -------- .1935-39=100 ..

Coal ________________________________________ do ___ _ Coke .. _______________ ---------------------- .do ___ _ Forest products ______________________________ do ___ .

Grain and grain products ___________________ do ___ _ Livestock ___________________________________ do ___ . Ore. _______________________________________ _do ___ . Merchandise, I. c. !_ _________________________ do ___ _ Miscellaneous. _____________________________ .do. __ _

Total, seasonally adjusted _____________________ do ___ _ CoaL ___________________________ ------- _____ do._._ Coke. ____ . __ . ______________________________ .do. __ _ Forest products. __ ------------------------ . .do ___ _

Grain and grain products ___________________ do ___ _ Livestock. _________________________________ .do. __ _ Ore _________________________________________ do ___ _ Merchandise, I. c. !_ _________________________ do ___ _ MisC<'IIaneous _______________________________ do ....

Freight-car surplus and shortage, daily average: Car surplus, total<;> ________________________ number __

Boxcars _____________________________________ do ___ _ Gondolas and open hoppers ________________ .do ___ _

Car shortage, total<;> --------------------------do ___ _ Boxcars. _________ . _____ . ____________________ do ___ _ Gondolas and open hoppers _________________ do ___ _

Financial operations: Operating revenues, total<;? ______________ mil. of doL.

Freight. ___________________________________ .do. __ _ Passenger ___ ---------------------------_ .... do ___ _

Operating expenses _____ . ___ . _______________ .. .do ___ . Tax 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 I mile, revenue _________ millions ..

Waterway Traffic Clearances, vessels in foreign trade:

Total U. 8. ports ________________ thous. of net tons .. Foreign vessels ______ ------- _____________ ._ .• do ___ _ United States vessels ________________________ do ___ _

Panama Canal: TotaL __________________________ thous. of long tons ..

In United States vessels _____________________ do ___ _

'Revised.

3, 740 716 63

210

254 53

315 287

I, 843

132 122 166 140

147 77

224 37

144

128 122 166 143

150 61

215 37

138

4, 228 I, 104

24

7, 844 2,3M 5. 345

'887. 2 '758. 4

57.4 687.1

112.7 '87. 9

68.1

55,291 1. 407 2, 047

12,467 9, 715 2, 752

3, 743 905

54,232 23,344 10,482

2, 916 1, 765

41,024 15, 393

'15. 6 739

124.4

881 955,411 935,317 60,661

149 94, 415 88,359 69,084

'2, 641 '532 '52

'149

'195 '24

'118 '205

'1. 365

121 114 170 127

143 46

110 34

135

133 114 162 142

152 48

354 35

143

6, 637 1,052

191

3, 507 I, 024 2, 408

871.0 720.6

71.3 689.3

95.9 8.>. 8 95.4

54,108 1.368 2, 601

12,620 9,888 2, 732

4,608 I, 200

56,255 20,430

7, 865 3,045 1,896

31,391 9, 758

r 15. i 728

119.3

2,.165 528 52

155

201 24 81

200 1,324

117 112 171 128

147 44 72 33

130

130 112 Hl."l 143

147 46

290 35

142

1~. 331 5, 776

326

1, 646 551 976

855.6 724.9 65.8

688.6

108.7 58.3 43.1

51,591 1. 452 2,347

r 11,779 '9, 310

2, 469

4, 253 959

51, 682 18,272 7, 397 2,808 1, 702

30, 125 9,019

r 15.7 668

110.6

2, 616 521 55

154

202 21 &"l

217 1, 364

116 109 173 128

144 38 77 35

130

127 109 163 134

147 47

307 36

138

R, 329 3, 274

374

2, 406 1, 272

989

815.5 695.9

57.6 643.3

106.4 65.7 47.0

49,405 1. 448 1, 981

10,849 8, 555 2, 294

3,897 930

.59, 224 20,930 8, 242 3,326 2,006

33, 445 11, 823

1.5. 7 732

117.6

848 924,470 892,707

59, ~97

150 84,767 86,039 63,154

3, 446 691 66

203

264 28

119 290

1, 784

120 114 166 131

148 40 82 :J7

134

1~0 114 165 131

160 51

283 ~6

141

6, 428 2, 331

543

1, 851 1, 118

619

903.6 776.9

58.0 690.1

123.6 89.9 71.2

56,977 1. 413 2, 012

13, 229 10,261 2, 968

4, 813 I, 229

57, 716 20,390 8,125 3, 370 2,008

29,827 9, 347

'15. 8 730

120.2

2, 696 525 49

157

192 22

151 225

1, 375

117 108 153 127

135 40

142 35

130

120 108 1.56 127

153 45

188 35

132

8, 553 3, 132

388

1, 203 348 694

886.1 7.58. 8

!\9. 7 690.4

114.5 81.2 60.6

52,962 1.463 2, 068

14,072 10,727 3, 34.5

4, 397 975

59,863 23,609 8,356 3, 433 2, 016

22,506 4, 939

'15. 8 743

120.3

2,888 532 45

159

191 23

321 220

1, 396

122 110 142 129

134 40

290 35

131

119 110 143 124

153 44

188 35

130

!6, 339 8, 915

204

889 134 662

906.5 780.5

59.7 713.6

112.2 80.8 64.5

56, 590 1. 424 2,040

15,202 11, 423 3, 779

4, 586 1, 282

$Revisions for January-October 1956 are as follows (cents): 14.9; 15.0; 15.0; 15.2; 15.2; 1.5.2; 15.3; 15.3; 15.4; 15.4. o"Data for November 1956 and March, June, August, and November 1957 cover 5 weeks; other months, 4 weeks. <;?Includes data not shown separately. tRevision for October 1956, $103,600.000.

59,6.55 22,396 7,628 3, 707 2,333

22,215 6,236

'15.8 661

108.8

837 938,036 891,633

57,2.00

148 105, 167 94,973 68,308

3, 631 680

52 203

2.)6 2.)

441 264

1, 731

124 114 132 134

136 33

313 34

133

119 114 135 129

133 43

202 34

129

24,248 16, 797

2~0

1, 773 117

1, 517

867.9 735.2 67.8

685.8

108. 1 74.0 57.3

54,477 1. 396 2, 421

14, 597 II, 200 3, 397

4, 522 1, 233

July

62,058 21,969

7, 552 3, 52,5 2,253

24,405 7. 278

15.8 648

111.9

2, 707 405

41 149

251 20

36.1 201

1, 277

118 90

136 127

183 36

331 33

126

113 90

140 126

152 43

207 33

125

20,437 9, 285 4, 278

1, 608 672 859

872.7 734.6 71.2

695.5

108.6 68.5 48.2

51,624 l. 4(ifi 2. 62f>

14,811 II, 357 3. 454

4, 441 1, 087

S-23

August I Septem- October I Novem-1 Decem-ber ber ber

'63, 562 23,651 '7, 749 '3, 741

2, 349

30,770 II, 351

'15. 9 646

111.2

3, 736 683 55

209

278 29

437 275

1, 770

126 113 139 135

155 42

305 35

134

121 113 145 129

143 44

203 3.5

133

12,749 6,829

84

2, 798 683

2,015

929.9 788.8 68.8

701.3

132.2 96.4 79.5

57,999 1.405 2, 537

15,629 12,229 3, 400

4,334 1,040

60,708 23,008 7, 220 3, 446 2,100

31,961 II, 192

15.9 663

104.5

1.'10 125,552 103,380

72,094

2, 851 544

41 149

182 35

323 217

1, 361

125 117 134 125

135 6.'i

295 36

134

11.5 117 136 116

120 49

196 34

124

19.580 ll, 450

668

1, 626 418

1, 162

873.0 747.2

.56. 4 673.1

115.7 84.2 63.7

53, 162 1. 443 1, 997

3, 955 983

61,398 24,081 8, 21.5 3,483 2, 01.5

34,039 12,779

16.0 709

114.3

2,920 M3

40 148

211 49

289 220

1, 419

123 112 125 121

147 89

245 35 1~4

114 112 127 115

147 57

152 33

123

12, 781 5, 913

133

1,480 518 903

927.3 800.2 52.5

697.6

130.1 99.6 79.8

55,629

4,305 929

16.0 ---------675 ---------

3,223 635

47 175

254 47

191 249

1,626

114 108 121 116

148 65

127 32

126

112 108 121 118

151 52

152 32

121

19,965 9, 27.5 2,376

245 127 92

829.9 710.3

.52. 9

64.2

3, 994

2, 221 461 33

132

213 21 64

173 l, 123

102 99

107 112

155 39 59 28

110

110 99

102 125

165 41

192 30

117

54,072 18,237 23,057

29 23 0

832 --------.

S-24 SURVEY OF CURRENT BUSINESS .January 1958

Unless otherwise stated, statistics through 1956 and I 1956 I 1957

descriptive notes are shown in the 1957 edition of Novem-1 Dec m- Janu- I Febru-1 I I I _ I BUSINESS STATISTICS ber b:r ary ary March April May June July I August I Septem-j October I :\ovem-j Decem-

l ber ber ber

TRANSPORTATION AND COMMUNICATIONS-Continued

TRANSPORTATION-Continued

TrayeJ Hotels:

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 _____________________ do ___ _ Aliens: Arrivals-------------------------- _____ do ___ _

Departures ___________________________ .do ___ _ Passports issued and renewed _________________ do ___ _

National parks, visitors ____________________ thousands __ Pullman Co.:

Revenue passenger-miles ___________________ millions __ Passenger reveuues ____________________ thous. of doL_

COMMUNICATIONS

1'elephone carriers: Operating revenues<;>------------- _____ tho us. of doL

Station revenues ______________ ----- __________ do ___ _ Tolls, message ____ ------------ _______________ do ___ _

Operating expenses, before taxes _______________ do ___ _ Net operating income __________________________ do ___ _ Phones in service, end of mouth _________ thousauds __

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

Operating revenues __________________ thous. of doL_ Operating expenses, incl. depreciation _______ do. Net operating revenues ______________________ do

Ocean-cable: Operating revenues _________________________ .do_ Operating expenses, incl. depreciation. ______ do. Net operating revenues ______________________ do

Radiotelegraph: Operating revenues __________________________ do ___ _ Operating expenses, incl. depreciation _______ do ___ _ Net operating revenues ____________ ---- ______ do ___ _

CHEMICALS

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

short tons __ Calcium carbide (commercial) _________________ do ___ _ Carbon dioxide, liquid, gas, and solid t ________ do ___ _ Chlorine, gas ________________________________ do ___ _ Hydrochloric acid (100% HCI) _________________ do ___ _

Nitric acid (100% HNQ,) ______________________ do ___ _ Oxygen (high purity)t _________________ mll. of cu. ft._ Phosphoric acid (50% H,PO•) ____________ short tons_ Sodium carbonate (soda ash), synthetic (58% Na,O)

short tons __ Sodium bichromate and chromate _____________ do __ _ Sodium hydroxide (100% NaOH) ______________ do __ _ Sodium silicate, soluble silicate glass (anhydrous)

short tons __ Sodium sulfate (Glauber's salt and crude salt cake)

short tons __ Sulfuric acid:

Production (100% H,so,)t ____ thous. of short tons __ Price, wholesale, 66°, tanks, at works

Organic chemica1s:cl' dol. per short ton._

Acetic acid (synthetic and natural), production thous. of lb._

Acetic anhydride, production __________________ do ___ _ Acetylsalicylic acid (aspirin), production ______ do. __ _ Alcohol, ethyl:

Production ____________________ thous. of proof gaL_ Stocks, end of mouth, totaL _________________ do ___ _

In industrial alcohol bonded warehouses. _do ___ _ In denaturing plants _______________________ do_

l:sed for denaturation _______________________ do __ _ Withdrawn tax-paid _________________________ do __

Alcohol, denatured: Production _____________________ thous. of wine gaL. Consumption (withdrawals) _________________ do ___ _ Stocks, end of month ________________________ do_---~

Creosote oil, P•:oduction _______________ thous. of gaL_ DDT, productwn ______________________ thous. oflb __ Ethyl acetate (85%), production _______________ do ____ , Ethylene glycol, production ___________________ do ___ _ Formaldehyde (37% HCHO), production. ____ do ___ _ Glycerin, refined, all grades:

Production _____ .------------------------- ___ do ___ _ Consumption ______ ------------·---- _________ do ___ _ Stocks, end of mouth ________________________ do ___ _

Methanol, production: !\'at uraL _____ -------- _______________ thous. of gaL_ Synthetic ________________________________ --- .do_-- -1

Phthalic anhydride, productlon ________ thous. oflb __

' Revised. • Preliminary.

8. 39 69

257

88,653 78,796 75, 116 43, 139 24,299

461

461 6, 554

520,872 297,972 176, 933 352, 456 68,729 52,034

20,250 17,879

1, 713

3,0781 2, 205

626

3, 656 2, 519 1,069

7. 53 57

241

85,987 90,272 69,458 50,458 23,001

290

521 7,397

536.491 304,38.1 185,135 348,942 78,940 52,475

20,828 18,135 2, 264

3, 094 2, 012

728

3, 569 2, 6.13

814

7. 91 72

262

86,989 95,826 76,052 35,271 39, 24.5

302

589 8, 979

538, 572 307,397 184. 278 353, 586 74.122 52,897

20,680 18,299 1, 371

3,034 2, 231

528

:J, 59! 2. 641 I

843 I

8.07 74

270

91, 217 104.618 63,306 34,484 49.970

364

524 7, 989

520.662 303,413 170, 471 332,369 76,025 53,156

19,182 16,924 1,306

2, 689 2, 249

197

3, 332 2, 443

791

7. 88 71

253

109,421 116,920 87,010 45,942 69,146

480

506 7, 711

539,632 306.349 186, 255 355,372

75, 788 53,431

20,600 17,859 1, 763

2, 879 2, 340

272

3, 501 2, 567

833

8. 43 73

268

103,026 115,179 85,423 45,465 76,301

726

459 7,001

548,780 311,431 189,272 362,395

75,815 53,741

21,033 18,317 1, 732

2,824 2, 313

239

3, 4131' 2, 545

767

7. 84 73

312

105, 765 137,790 83,063 53,495 82,755 1,183

416 6,342

5.56, 390 312,830 195,422 370,365 75,664 54,005

21,699 18, 966 1, 733

3,055 2, 486

287

3, 567 2, 622

844

8.39 72

289

125,338 179,341 88,791 58,367 57,208 3,127

469 7,124

546,793 312,606 185, 727 3.56, 435 78,339 54,201

20,772 18, 123

1, 692

2,840 2, 381

192

3, 345 2, 629

609

CHEMICALS AND ALLIED PRODUCTS

264, 436 92,637 59,862

329,457 80, 754

209, 746 2, 838

279,192

401,919 10, 115

358, 1.53

65,837

7.5, 024

1,368

22.35

4o, 853 75, 122 1, 488

36,656 33,844 25,403 8, 441

36,240 1, 307

19,588 18,881 11, 178

12,172 10,641 8, 285

90,119 116,914

22,656 16,447 .50, 618

156 19,408 25,041

290,512 I 92,793 ' 56,.110

341,125 78,875

231,630 2, 92!)

275,711

394, 497 9, 649

375, 554

50, 677

75, 265

1, ;)7()

22.35

49,737 90,378

1, 618

36,459 33.858 25, 533 8, 325

35,059 1,098

18,899 19,865 10,421

14,267 11, 201

I

8, 306 95,181

107,918

19, 624 15,621 51, 018

172 21,312

' 27,093

302,504 89,275 .14,253

334, 403 78,852

237, 519 2, 802

337, tl94

379,549 9. 285

36.5, 413

.55. 869

76, 657

1,386

22.35

.)3, 628 85,428

1, 491

36,322 33,337 25, 777 7, 560

42,818 943

23,053 21,140 12,194

7, 978 10,878 8, 748

93.089 109,149

22, 811 17.029 51,634

171 20, 503 25, 561

294, 103 320,733 321, 529 334,209 308,75.5 77,754 86.268 87,443 81,098 74,752 53. 43-5 60.643 66, 550 81,677 91, .533

291,428 326, .199 327,920 342,813 329,048 75, 145 80, 957 76,241 74,049 73,214

231,148 250,040 245. 241 253, 287 212,616 2,109 2, 524 2, .502 2, 619 2, 393

3~)1. 1.1'7 380.992 356,352 383, 249 331. 0~3

376. 731 414,879 403, 786 400,698 377,202 8, 871 9, 642 9, 860 9,649 9,M1

321, 922 I 354, 297 I

360,937 378, 190 356, 715

,\(), 786 54,466 53, 137 55,470 48, 497

69,546 76, 249 74,626 73,093 66,.1).37

1, 310 1, 418 1,382 1, 422 1, 309

22.35 22.35 22.35 22.35 22.35

41,227 41, 136 32,738 38,895 46,982 74,946 76,985 64,305 61, 546 67, 377 I .. 112 I, 208 1, 570 1, 473 1, 223

32.766 35,429 33, 631 33,444 31, 755 :n, 214 29,418 28, 051 26,510 26,597 23,869 20, 791 18, 734 17,530 18,018

7, 345 8, 626 9, 317 8, 980 8, 579 33,326 35, 253 35, 275 33,501 30,793

925 834 736 1, 044 1,071

17,896 19,040 19,047 18,133 16, G65 18,370 20, 365 19, 886 19,046 17, 752 12,135 11, 064 9, 746 8,181 5, 978

8, 955 9, 7961 10,414 11, 052 9, 603 9, 311 11, 522 11, 766 12.880 11,02:1 5, 702 6, 371 7, 420 6, 061 8, 151

82, 526 89,577 97,156 98,873 98,789 10.5, 976 111,620 105, 163 104,614 100,606

19,642 20,799 21.556 21,873 17,918 15, 345 16,641 16,026 li, 782 15,904 51,974 52,058 54,348 55,095 53,629

166 197 193 201 187 18,144 18, 701 16,647 16,329 14, 108 27.242 27,080 30,226 31,444 30,519

7.93 63

252

149,640 175,608 85, 261 60,425 51,892 5,033

430 6,536

556,214 311,922 194,478 378,526 72,385 54,444

20,430 18,943

545

3,041 2,-548

198

3,450 2, 739

599

293,661 83,009

102,664 333, 137

75. 78.5

210, 125 2, 414

331,608

358,741 6, 286

362.924

41, 156

65, 448

1, 286

22.35

4.5, 643 67, 140

943

36, 560 28,.542 19,880 8, 662

35,910 725

19, 403 19,005

5, 561

9,171 11.058 8,038

10n,183 93,383

16,85.1 15, 638 52,065

186 16,692 27,400

8. 79 68

270

428 6, 496

562,223 313,230 199, 107 367,918 80, 707 54,677

20,673 18,535 1, 358

2, 796 2, 463

48

3, 411 2, 637

670

294,507 87,581 98,972

323,404 77. 770

2.14, 772 2, 647

353,015

391,615 8,166

354,015

46,045

65,552

1,304

22.35

51, 726 76,886

I, 240

41,481 28,908 23,517

5, 390 37,551

812

20,648 21, 534 4, 607

10, 895 9,306 7, 416

109, 117 103,324

22,012 18,022 53,635

165 18,000 24,240

8.58 71

271

386 5,870

547,338 315,464 181,062 354,793 80,111 54,923

20,435 18,035 1, 572

2, 840 2,471

92

3, 410 2, 684

613

290,624 88,942 78,071

329,627 76,550

217, 441 '2, 645

373,648

368,917 8, 544

367,350

53,867

63,650

1,348

22.35

50,725 81,027

1, 569

39,048 26,043 20,780

5,263 35,180

901

19, 041 18,042

5, 576

9, 812 9,193 6,938

105,236 105,068

21,770 16, 767 55,452

101 16,489 29,653

<;>Includes data not shown separately. tRevisions will be published later for the following: Carbon dioxide and oxygen (January-September 1956); sulfuric acid (1955 and January-July 1956). ci"Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.

9.01 77

272

399 6, 062

573,410 325,268 197,052 381,304 80,690 55,309

20,970 18,412 I. 731

3, 243 2, 282

65.1

3, f\00 2, 771

718

322,557 86. 587 71,427

338.297 81,811

2.50, 362 2, 797

384,834

401, 774 8. 982

375,0.59

58,.500

74, 754

1, 433

22.35

48, 232 84.238

1, 907

41.109 24 441 20.360

4. 081 41,087

942

22,218 22. 98t

4. 978

9,812 8, 932 9,801

104,543 123,410

22,909 18,692 54,288

107 18,665 30,317

8.81 67

262

310, 535 86,.100 (\(), 07.5

31~. 749 78.:l:H

2:J1,100 2, 621

3.16, 873

7. 98 54

241

--------------------------------------------

--------------------------

404,143 1--------7,1691 ________

3fl1, 583 --------

47,670 -------

72,709 ---------

1, 315 ---------p 22.35 ---------

--------- ------------------ ------------------ ---------

42.6.14 ---------27. 775 -------23,460 ---------4, 315 ---------

38,319 ---------1,163 1 --------

20, f>721--------· 21,808 --------3, 870 J_ _______ :

10, 244 ------------------ ------------------ ------------------ ------------------ ---------

19,799 ---------16, 211 ---------53,739 ---------

134 ------------------ ---------------------------

January 1958 SURVEY OF CURRENT BUSINESS S-25

~nless otherwise stated, statistics through 1956 and I 1956- -1------,-----,,---,-----,---,-----1-9,--57 ___ ,-----,-----,-----,------,----

BUSINESS STATISTI S anu- e ru- M h A il M J J I August ep m- October ovem- ecem-deseriptive notes are shown in the 1957 edition of Novem-1 Decem- J I F b I I I I I I S te I N I D C her her ary ary arc pr ay une u Y ber her her

CHEMICALS AND ALLIED PRODUCTS-Continued

FERTILIZERS Consumption (10 States)EJ1 _______ tbous. of short tons .. Exports, total? ---------------------------short tons ..

N Urogenous materials. ___________ --------- ___ .do. __ _

461 368 286 545,081 73,414

301 503,418 57,439

392,048 70,852 Phosphate materials ___________________________ do ___ _

Potash materials. _____________ ------ __________ do. __ _

380,619 52,707

279,727 39,574

363,561 91,922

226,041 35,031

384 391,541 68,610

264,038 42,660

711 400,633 91,201

259,695 23,146

1,307 572,080 136,510 334,222 66,979

1, 722 605,734 117,457 364,178 86,548

1,178 547,058 120,399 366,275 27,059

647 560,382 81,768

421,374 45,042

414,603 37,482

185 582,497 87,709

440,652 26,145

394,737 34,449

411 464,974 89,941

327,238 20,608

264,064 ---------41,859 ---------

Imports, total? ---------------------------------do ___ _ Nitrogenous materials, total? _________________ do ___ _

Nitrate of soda----------------------------- .do ___ _ • Phosphate materials ___________________________ do ___ _ Potash materials. __ -------------- ____________ .do. __ _

Price, wholesale, nitrate of soda, crude, f. o. b. cars, l'ort warebouses __________________ dol. per short ton ..

238,657 184,358 83,707 3,080

37,214

49.50

227,306 158,937 78,702 10,218 39,842

49.50

167,168 113,043 30,483

7,336 20,606

49.50

203,735 101,561 21,213 9,672

53,485

49.50

211,583 115,218 23,566 12, 138 32,622

49.50

260,485 167, 161 94,189 9,582

24,101

49.50

214,395 144, 266 84,590 10,103 7,969

48.00

181,884 139,344 71,461 7,343 4,145

48.00

123,050 75,805 26,160 11,237 18,023

48.00

181, 128 105,840 36,049 12,027 40,859

48.00

180, 198 108,899 36,449

7, 256 35,839

48.00 49. 75 • 49. 75

Potash deliveries ___________________________ sbort tons __ 160,260 179,599 162,814 183,140 266,028 269,417 165,546 121,134 90,904 114,455 158,612 113,306 160,852 Superphosphate (100% available phosphoric acid):

Production._ ----------------------------short tons.. 208,098 207,611 219,855 216,022 229,529 225,072 211, 784 170, 519 162,974 170,834 188,705 '216, 276 205, 821 Stocks, end of montb __________________________ do____ 401,524 414, 207 414,922 418,947 322,033 233,405 206,881 271,568 308,380 321, 274 339, 729 '337, 193 369,039

MISCELLANEOUS

Explosives (Industrial), shipments: Black blasting powder __________________ tbous. of lb.. 640 494 546 722 246 223 137 107 210 195 307 299 352 Highexplosives _______________________________ do ____ 77,063 67,568 70,015 67,094 71,654 79,924 82,235 78,911 82,007 80,288 86,887 82,141 69,603

Sulfur (native): Production ______________________ thous. oflong tons.. 515 534 495 440 472 462 429 440 460 470 445 462 446 Stocks (producers'), end ofmontb _____________ do____ 3, 852 3, 936 3, 998 4, 088 4,102 4, 049 4, 093 4, 087 4,153 4,173 4, 273 4, 305 4, 355

FATS, OILS, OILSEEDS, AND BYPRODUCTS

Animal fats and greases:d" Tallow, edible:

Productlont---- ----------------------thous. of lb._ Consumption, factory,t---------------- _____ do. __ _ Stocks (Incl. refined grades), end of month ... do ___ _

Tallow and grease (except wool), Inedible: Productiont---------------------------------do ___ _ Consumption, factoryU---------------------do ___ _ Stocks (excl. refined grades), end of month •• do ___ _

Fish and marine mammal olls:LI. Production t----- ---- _____ -------- _____ -------.do ___ _ Consumption, factoryt------------------------do ___ _ Stocks, end of month __________________________ do ___ _

Vegetable oils, oilseeds, an<! byproducts: Vegetable oils, total:

Production, crudet_ ____________________ mil. oflb .. Consumption, crude, factoryt.---------------do ___ _ Stocks, end of month:t Crude. ___ -- _______________________________ do. __ _

Refined ____ -- _____________________________ do. __ _

Exports ____ ----------------- _________ tbous. of lb._ Imports, total------------------------------ .do. __ _

Paint oils-------------- ____________________ do ___ _ All other vegetable olls ____________________ do ___ _

Copra:

'25, 417 }17,936 12, 109

r 24, 20i 15,780 18,986

25,682 24,260 16,900

248,385 233,990 236,928 239, 230 215, 198 208, 585 230,325 212, 554 211,120 227,447 133,372 128, 562 145,660 133, 123 146, 703 139,888 143,522 130,684 109,670 152,561 337, 568 342, 194 349, 056 347, 889 288, 052 254, 929 248, 253 250, 302 253, 161 247, 307

8, 307 12,188

115,366

649 580

584 384

98,029 41,247 3, 263

37,983

12, 594 15,614

102,609

615 553

616 410

197,955 35,709

1, 830 33,879

1, 031 13,626 87,079

647 573

602 447

515 14,689 71,646

587 501

596 461

167, 776 • 145, 263 47, 121 26, 555

2, 476 3,182 44, 645 23, 373

411 10,522 59,407

582 508

616 463

203,824 50,333 2,034

48,300

1,358 11,570 54,107

501 471

605 456

114,055 39,417

4, 769 34,648

12,280 12,423 57,332

472 455

597 416

76,550 40,098 9,855

30,243

19,010 11, 177 66,412

416 471

476 367

156,113 32,615 4,800

27,814

34,146 12,161 83,788

436 420

492 313

77,363 37, 181

5, 668 31,.512

25,742 10,785 77,512

464 464

462 272

87,679 39,481

I, 707 37,774

23,377 24,086 15,055

23,046 23,850 13,352

208, 097 237, 040 140, 566 155, 053 231, 469 239, 287

22, 958 '23, 743 12, 249 ' 13, 753 82, 035 ' 92, 372

486 661 438 585

478 511 242 269

2.''>, 786 23,137 13,901

223,282 137, 141 249,102

7,873 10,566 88,941

638 537

566 301

f>8, 911 39,084

385 38,699

93, 122 54, 992

Consumption, factory __________________ sbort tons.. 27,230 27,503 Stocks, end of month _______________________ .do ..... --------- ---------

30,277 16,787 28,697

24,480 18, 177 25,686

26,621 27,178 31,372

27,222 20,235 23,231

27,325 13, 219 15,960

21,887 8, 748

15, 701

26,663 12,354 30,015

25,274 13,504 22,787

25,503 9,824

22,751

32,627 15,065

32,450 ---------23,979 ---------Imports _____________________________________ do____ 36,783 23,484

Coconut or copra oil: Production:

Crude ______________________________ tbous. of lb.. 34,510 35,097 38,967 31,114 34,031 34,459 35,415 28,488 33,758 32,300 32,604 41,588 41,069 Refined ___________________________________ do____ 31,081 28,776 30,670 29,902 42,310 36, 211 34,962 34,364 33, 108 35,421 18,226 51,702 34,712

Consumption, factory: Crude _____________________________________ do____ 47,123 45,760 50,094 46,602 61,969 55,205 54,162 51,142 47,879 54,793 32,816 76,573 53,019 Refined ___________________________________ do____ 27,982 27,961 28,906 31,098 37,400 37,082 33,266 35,729 32,050 35,775 24,595 41,806 32,532

Stocks, end of month: Crude .. _-- _________________ -- _____________ do ___ _ Refined ___________________________________ do. __ _

Imports.----------------- ____ ------- _______ .do. __ _ Cottonseed:

Receipts at mills _____________ thous. of short tons __ Conmmption (crush) ________________________ do ___ _ Stocks at mills, end of month ________________ do ___ _

Cottonseed cake and meal:

59, 516 15,917 23,557

1,071 677

2,353

70, 274 15, 739 17,262

340 570

2,123

73, 592 15, 492 22,188

114 613

1, 624

62,803 10,440

5, 922

43 492

1,176

61,729 15,260 19,690

25 400 801

57,866 13,065 15,245

10 278 533

50,849 11,436 10,060

11 224 320

40,881 9,027

10,995

10 147 183

40,617 9, 259

12,378

101 120 164

36,976 10,023 17,813

238 142 260

52,208 4, 467

16,329

504 346 418

37,065 11,245

1,140 646 912

38,821 11, 913

932 610

1, 233

Production ___________________________ short tons .. 327,720 274,304 293,321 238,857 192,415 135,735 112,023 72,366 58,531 71,002 lfJ6,582 299,826 280,242 Stocksatmills,endofmonth ________________ do ____ 186,106 187,819 194,737 228,210 263,956 279,436 293,212 287,779 251,816 209,556 209,213 249,383 261,578

Cottonseed oil, crude: Production ___________________________ thous. of lb__ 229,605 192,572 207,691 170,419 139,383 99,742 81,445 53,599 42,577 48,393 114,715 223,092 203,699 Stocks,endofmontht _______________________ do ____ 173,802 178,477 170,536 168,091 142,267 116,696 107,760 70,242 48,915 36,787 64,027 108,132 127,823

Cottonseed oil, refined: Production _________________________________ _do ___ _ Consumption, factoryt ______________________ do ___ _

In margarine ______________________________ do ___ _ Stocks, end of montht ___________________ mil. of lb .. Price, wholesale, drums (N. Y.) _______ dol. per lb ..

Flaxseed:

159,780 123,137 24,474

227 .208

146,516 122, 138 28,825

237 . 208

163,853 131,666 31,636

267 . 223

132,848 113,600 29,561

238 . 223

106, 524 109,669

26, 119 285

. 223

90,323 100, 139 20,579

278 .195

74, 543 106,940 19,669

245 .180

6-5, 405 105,878 13,573

205 .180

54,947 101, 717 14,365

154 .190

43,777 103,764 15,048

99 .185

75,529 94,429 15, 571

82 .180

130,973 116,520 18,008

95 .195

133,777 109,610 15,685

114 •.195

.Production (crop estimate) __________ tbous. of bu .. --------- d48, 009 --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- 2 25,754

Consumption _____________________________ do____ 3, 295 2, 971 Oilmills: I Stocks, end of month ______________________ do____ 4, 557 4, 249

Price, wholesale, No.1 (Minneapolis).dol. per bu.. 3. 41 3. 44

' Revised. • Preliminary. ' December 1 estimate of 1956 crop. • December I estimate of 1957 crop.

2,304 3, 516 3.40

2, 239 3,433

3. 34

2,586 2,066 3.23

1, 500 1, 748 3.17

1, 561 1,422 3.16

1,508 2,352 3.07

3,055 2, 777 3.07

3,373 2, 615 3. 25

2, 981 3, 707

3. 40

2, 730 3, 794 3. 40

2, 373 4, 662 3. 35 3.42

$States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Vlr­,-inia, consumption in that State is as follows (thous. short tons): 1956-July-September, 76; October-December, 79; 1957-January-March., 277; April-June, 323; July-September, 79.

9 Includes data not shown separately. d"For data on lard, seep. S-29. tRevisions for 1954-0ctober 1956 for edible tallow and for 1956 for the following indicated series will be published later: Inedible tallow, and fish oils (production and consumption, January­

s,•ptember); total vegetable oils (production, January, February, May, and June; consumption and stocks, January-September); crude cottonseed oil stocks, May; refined cottonseed oil (total consumption and stocks, March-May).

,Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities . .!~.Beginning 1955, data may Include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other oils, and stocks include ouly the quantities of

these oils held by producing firms.

S-26 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1956 and I 1956 I 1957

descriptive notes are shown in the 1957 edition of Novem-1 Decem- Janu- I Febru-1 I . I I I BUSINESS STATISTICS ber ber ary ary March April May June July

- I

CHEMICALS AND ALLIED PRODUCTS-Continued

FATS, OILS, ETC.-Continued

Vegetable oils, oilseeds, and byproducts-Continued Linseed oil, raw:

Production ___________________________ thouR. of lb .. Consumption, factory------------------ ..... do ... . Stocks at factory, end of month _____________ do ... . Price, wholesale (Minneapolis) ________ dol. per lb ..

Soybeans:

66,563 40,884

111,301 .136

59,889 38,212

115, 981 .136

Production (crop estimate) __________ thous. of bu .. --------- d449,446 Consumption, factory -----------------------do.... 26,591 26,988 Stocks, end of month.-----------------------do____ 79,070 70,354

Soybean oil: Production:

46,864 37,985

111, 821 .134

45,657 33,825

128,945 .133

52,970 39,009

144,223 .131

31, 106 40,890

135,446 .127

31,929 35,442

123,646 .127

30,533 42,438 69,912

.127

61,488 38,627 71,442

.127

January 1958

I August I Septem-1 October I Novem-1 Decem-ber ber ber

68,387 48,496 73,249

.133

58,787 43,661 72,649

.142

52,829 43,348 64,345

.148

45,699 35,696 75,380 •.149

Crude ______________________________ thous. of lb.. 284,820 Refined_. __ •.. ------- _____ ...... ------- ... do.... 244, 824

Consumption{ factory, refinedt ••............ do .... •240, 007 Stocks, end o month:

289, 736 305, 156 233, 159 240, 523 224, 344 222, 557

287, 218 313, 006 209, 184 220, 333 208, 924 210, 687

298, 230 289.605 271, 970 268, 757 276,614 244,415 306,746 313, 366 213, 476 217, 495 238, 089 211, 177 241, 083 210, 216 ' 252 453 240, 139 207, 436 213, 302 235, 912 202, 512 222, 759 221, 872 ' 247,491 231, 439

Crude .. ___ -------------- ....... __ ......... do.... 125, 466 Refinedt. _--------------------------------do.... 83,974

Price, wholesale, refined (N. Y.) ••••••• dol. per lb.. .195 Margarine:

140,996 92,130

.190

Production ___________________________ thous. of lb .. 132,545 124,951 Stocks (factory and warehouse), end of mo .... do.... 25,292 27,584 Price, wholesale, colored, delivered (eastern U. S.)

dol. per lb .. .282 .292 Shortening:

Productiont.---------------------------thous. of lb.. 179,909 157,141 Stocks, end ofmonth __________________________ do.... 105,477 122,047

PAINTS, VARNISH, AND LACQUER

Factory shipments, totaL •........•..... thous. of doL. 121,488 Industrial sales.-------------------------------do.... 55,280 Trade sales ••. ---------------------------------do.... 66,208

SYNTHETIC PLASTICS AND RESIN MATERIALS

Production: Cellulose acetate and mixed ester plastics:

Sheets, rods, and tubes _______________ thous. of lb .. Molding and extrusion mater!als ____________ do ... .

Nitrocellulose sheets, rods, and tubes .......•.. do ... . Other cellulose plastics ___________ ------------ .do ... .

Phenolic and other tar acid reslns _____________ do ___ _ Polystyrene. __ ............ ------. __ •.......... do ... . Urea and melamine reslns _____________________ do ... .

x:~~~r;:~_-_-_·:~========================:::::~~:::: Rosin modifications __ --------------------- ___ .do .... Polyester resins._.---------------------- ______ do.---Polyethylene resins. --------------------------do ___ _ Miscellaneous. _____ . _______ . __ ._ .•.•.• _._ •... do ....

3,374 9, 291

365 551

40,145 44,467 24,269 65,900 34,509

11,553 6, 542

51,421 13,977

97,308 45,645 51,663

3, 724 8,452

317 472

31j,206 41,794 21,370 67,870 27,874

10,024 6,139

51,413 13,679

134,093 103,973

.200

132,373 29,874

.292

160,015 126,807

125, 401 54,539 70,862

3, 491 7, 456

377 525

41,373 43,507 23,097 67,096 34,948

10,848 7, 265

52,394 14,829

129,964 99,970

.200

121,685 32, 143

.292

144,252 133,017

112,467 50,131 62,336

3,292 7,187

429 375

37,064 46,097 22, 556 64,005 29,980

10,517 7,187

49,800 13,080

150,434 97,821

.200

120,472 34, 814

.292

129,420 138,595

130,966 55,378 75,588

4,253 8,289

379 500

39,816 51,041 25,910 70,419 31,879

9, 951 8, 618

56,587 15,428

173, 139 97,212

.185

122,897 27,426

.282

127,363 129,987

145,055 57,566 87,489

3,823 7,168

357 528

35,442 48,871 24,217 67,640 32,382

10,508 8,961

51,793 15, 711

195,853 101,845

.175

116, 196 29,963

.275

150, 741 123,001

!57, 569 59,768 97,801

3,658 7,672

412 466

39,251 48,598 23,971 71,363 34,715

11,749 8, 525

56, 170 15,118

ELECTRIC POWER AND GAS

ELECTRIC POWER Production (utility and Industrial), totaH

mll of kw.-hr __ • 57,859 • 60, 157 Electric utilities, totaL .. ______________________ do .... • 50,651 r 52,898

By fueJs _____________________________________ do .... • 41,336 r 42,896 By waterpower ______________________________ do.... • 9, 316 • 10,003

Privately and municipally owned utlllties ... do .... • 41,227 • 43,104 Other producers (publicly owned) ........... do.... • 9, 424 • 9, 794

Industrial establishments, totaL ______________ do .. .. By fuels .......... __ ........ --- ....... _____ .. do ... . By waterpower _____ ... _________ ..... _____ ... do ... .

:Sales to ultimate customers, total (EEI)t ________ do ... . Commercial and industrial:

Small light and power _______________________ do .. .. Large light and power _______________________ do .. ..

Railways and rallroads. _______________________ do ... . Residential or domestic __ ---------------------do .. .. Rural (distinct rural rates) ____________________ do .. .. Street and highway l!ghtlng ___________________ do .. .. Other public authorities ....................... do .. .. InterdepartmentaL_. ________ .. _____________ .. do. __ _

Revenue from sales to ultimate customers (Edison Electric Institute)t ____________________ thous. of doL

GAS Manufactured and mixed gas (quarterly) :d'

'7 207 r 6:951

r256

44,526

7,276 23,629

362 11,047

769 454 942 47

730,285

Customers, end of quarter, tot.aL ........ thousands .. ---------Residential (Incl. house-heatlng) ____________ do. ___ ---------Industrial and commerciaL _________________ do .... ---------

Sales to consumers, totaL ........... mil. of therms .. ---------Residential (incl. housc-heatlng) ____________ do .... ---------Industrial and commerc!aL _________________ do .... ---------

Revenue from sales to consumers, total thous. of doL ---------

Residential (Incl. house-heatlng) ____________ do .... ---------Industrial and commerc!aL _________________ do .... ---------

'7, 259 •6, 982

r 277

46,092

7, 428 23,604

389 12,424

764 483 946

54

756,811

3, 359 3, 138

219

572 410 156

81,724 62,948 18,324

62,938 55, 503 45,311 10, 192

45,083 10,420

7,435 7,154

2R1

47,693

7,640 23,795

412 13,561

784 487 973 39

784,979

r Revised. • Preliminary. ' December 1 estimate of 1956 crop. • December 1 estimate of 1957 crop.

55,374 48,666 38,687 9,979

39,779 8,887

6, 708 6, 443

266

46,217

7,583 22,640

373 13,389

758 440 989

45

775,742

59,765 52,447 41,008 11,439

42,349 10,098

7,318 7,005

313

46, 167

7,440 23,509

379 12,618

773 429 965 54

762, 232

3, 314 3,093

219

885 688 190

115,093 91,938 22,550

57,702 50,669 38,622 12,047

40,641 10,028

7,033 6, 724

310

45,671

7, 324 23,679

361 11,970

922 393 969

53

751,690

58,909 51,699 39,900 11,800

41,190 10,509

7, 210 6, 917

293

45,353

7, 440 23,996

235 11,310

903 370 949

51

746,672

180,480 98,325

.175

98,088 28,855

.275

147,478 130,125

152,899 55,370 97,529

4,094 7, 794

270 468

35,561 43,309 22,268 68,327 32,120

11,000 8,178

56,074 14,900

58,990 52,053 40,873 11,180

41,590 10,463

6,937 6,678

259

45,613

7, 935 23,815

312 11,205

985 348 958

56

758,054

3, 282 3,064

216

526 3M 151

75,580 57, 581 17,467

217,629 98,925

.175

109,977 25,444

.275

131,433 118,022

148, 162 55,244 92,918

2,872 6,621

233 341

32,607 38,889 18,057 63,272 27,858

9,149 7,209

55,357 14,428

61,191 54,348 43,534 10,814

43,532 10,816

6,843 6,628

215

46,349

8,586 23,068

316 11,709 1, 258

357 995 60

199, 167 113,72.5

.175

116,812 28, 453

. 275

160,503 108,393

152,080 57,600 94,480

3,580 7,200

318 511

37,043 46,520 23,597 72,263 29,228

10,048 7,336

58,349 15,313

62,649 55.449 4.5, 416 10,033

44, 585 10,863

7, 200 6, 999

201

47,976

8,839 24,026

322 11,996

I, 339 388

1,007 59

777, 509 796, 383

182,123 103,781

.170

120,737 27,303

. 275

194,319 110,813

.170

137,803 29,391

.275

207,885 120, 144

•.170

128, 788 32, 205

•.275

160,293 176,608 112, 67 4 112, 538

168, 555 114, 493

132,566 50,863 81,703

4,186 9098 281 495

37,406 48,496 23,486 72,238 29,993

10,442 6,664

60,184 15,874

58,335 51,573 42,291 9,282

41,742 9,831

6, 762 6, 559

203

47,549

8,680 24,010

315 11,897 1,189

415 987 56

793,554

3, 208 2, 996

210

302 179 115

48.503 34,922 13, 132

134, 032 113, 689 56, 169 40, 571 77, 863 64, 118

3,813 9, 663

330 546

45,317 53,417 25,933 77,088 32,979

10,991 7,976

62,552 17, 681

60,297 53, 157 43, 116 10,041

42,956 10,201

7,140 6,918

222

46,304

7,969 24,120

326 11,493

gog 457 988 42

771.174

58,667 51,788 40,886 10,902

41,651 10, 137

6, 879 6,631

249

t Revisions for 1956 will be published later for Indicated series as follows: Soybean oil (consumption and refined stocks, March-May; crude stocks, April); shortening production, March; -electric-power production, January-October; e!ectric-power sales and revenue, February-October.

d'Totals Include data not shown separately. Revisions for 1st and 2d quarters of 1956 are available upon request.

January 1958 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1956 and I 1956 I 1957

descriptive notes are shown in the 1957 edition of Novem-1 Decem- Janu- I Febru-1 l . I I I BUSINESS STATISTICS ber ber ary ary March April May June July

ELECTRIC POWER AND GAS-Continued

GAS-Continued

Natural gas (quarterly):a' Customers, end of quarter, totaL ________ thousands __ ---------

Residential (incl. house-heating) ____________ _do ____ ---------Industrial and co=erciaL ________________ _do ____ ---------

Sales to consumers, totaL ____________ mil. oftherms __ ---------Residential (incl. house-heating) ____________ _do ____ ---------Industrial and commerclaL _________________ do ____ ---------

26,567 24,441 2,107

17,654 5, 544

11,345

26,745 24,624 2,092

23,052 10,308 11,826

Revenue from sales to consumers, totaLthous. of doL. --------- 883,299 --------- --------- 1,290, 577 Residential (incl. house-heating) _____________ do ____ --------- 486,445 --------- --------- 827,558 Industrial and commerciaL __________________ do ...• --------- 376,492 --------- --------- 437,858

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGES Beer:

Productlon ____________________________ thous. of bbL. 5, 947 6,123 6,866 5,912 7,611 8,081 9,007 Taxable withdrawals.---------- ______________ _do ____ 6,171 6,129 5,689 5, 570 6,439 6,992 8,201 Stocks, end of month __________________________ <IJ ____ 9,135 8, 768 9,552 9,558 10,261 10,931 11,211

Distilled spirits: Production._ --------------------thous. of tax gaL. '23,063 17,852 19,982 18,105 18,902 19,033 19,307 Consumption, apparent, for·beverage purposes

thous. of wine gaL. 23,822 25,159 14,375 15,936 16,897 15,264 17,868 Tax-paid withdrawals ___________ thous. of tax gaL. 19,331 11,989 9,661 10,805 12,420 11,190 12,234 Stocks, end of month ________________________ do ____ '830,229 832,439 838,623 842,059 845,407 850,996 853,437 Imports ________________________ thous. of proof gaL. 3,632 2,889 1,482 1,606 1,973 1,965 2,277

Whisky: Product!on ______________________ thous. of tax gaL 10,734 10,122 11,429 11,243 12,151 12,500 10,776 Tax-paid withdrawals _______________________ do ____ 10,325 6,334 5,125 6,139 6,626 5,432 6,211 Stocks, end of month ________________________ do ____ '725, 672 726,562 730,569 732,777 735,536 740,710 742,045 Imports. ______________________ thous. of proof gaL_ 3,288 2,627 I, 265 1,438 1, 733 1, 782 2,056

Rectified spirits and wines, production, totalll thous. of proof gaL. 12,549 6, 768 4,677 4,607 5,lo37 5,238 5,614

Whisky---------- -----------------------------dO---- 11,275 5,675 3,622 3,675 4,016 4,170 4,382 lues and distilling materials: w Effervescent wines:

Product!on _____________________ thous. of wine gaL. 188 162 206 251 205 226 237 Taxable withdrawals ________________________ do ____ 272 261 129 101 134 160 183 Stocks, end of month ________________________ do ____ 1, 547 1,418 1, 477 1,611 1,665 1, 713 1, 755 Imports_ -___ -- ------------- _______ -------_ •• do ____

St!Jl wines: 115 114 41 36 44 50 67

Prod uct!on ____ • ______________ ---- ___________ do. ___ 24,070 3, 912 2,923 2,218 2,630 2,139 1,907 Taxable w!thdrawals. ______________________ .do ____ 13,879 11,953 10,872 10,220 12,485 11,893 11,295 Stocks, end of month ________________________ do ____ 210.541 198,721 190,095 180,012 170,636 159,627 149,615 Imports. ___________ -- _________________ -- ___ .do. ___ 874 765 585 465 598 653 649 Distilling materials produced at winer!es •••.•• do ____ 41,839 6,075 3,954 3,949 1,540 1,871 912

DAIRY PRODUCTS

Butter, creamery: Production (factory) f ___________________ thous. of lb •• 92,184 103,191 116,075 110,015 125,675 133,450 159,085 Stocks, cold storage, end of month _____________ do ____ 39,640 25,103 28,855 31,946 40,915 61,996 95,998 Price, wholesale, 92-score (New York) ... dol. per lb .. .632 .614 .604 .606 .604 .604 .602

Cheese: Production (factory), totait-------------thous. of lb __ 90,504 96,570 100,555 96,665 115,610 130,705 162,510

American, whole milkt--------------·-------do ____ 59,486 62,786 67,580 66,670 82,160 95,660 126,505

Stocks, cold storage, end of month, totaL .•.... do .... 454,729 441,082 419,992 390,308 388,631 391,289 424,917 American, whole mllk ______________________ _do ____ 414,606 401,079 379,637 349,441 346,277 345,421 381,146 Imports ______________________________________ .do. ___ 5,332 5, 598 5,038 3,188 4,989 4,325 3,953

Price, wholesale, American, single daisies (Chi-cago) _---------------------------------dol. per lb .. .390 .390 .390 .390 .390 .390 .390

Condensed and evaporated millr: Production, case goods:f

Condensed (sweetened) _______________ thous. of lb .. 6, 705 7,593 7,350 8, 275 6,380 6,350 4,250 Evaporated (unsweetened) __________________ do ____ 146,067 154,295 163,250 169,700 212,450 249,000 312,000

Stocks, manufacturers', case goods, end of month: Condensed (sweetened) _______________ thous. of lb .• 10,391 9,649 9,117 9, 559 8, 925 9,172 9,547 Evaporated (unsweetened) __________________ do ____ 310,371 224,025 156,420 123,616 83,361 153,950 244,478

E~orts: ondensed (sweetened) ___ --------------·---do ____ 3, 385 5,054 5,129 2,888 7,270 4,802 2,536

Evaporated (unsweetened) ------------------do. ___ 14,172 20,211 15,847 9,200 15,064 7,861 13,034 Price, wholesale, U. S. average:

Evaporated (unsweetened) __________ dol. per case .. 5.93 5.93 5.93 5.93 5. 95 6.05 6.06 Fluid milk:

Production __ -----------------------------mil. of lb._ 8,695 9,227 9,697 9,464 10,961 ll, 428 13,122 Utilization in mfd. dairy products _____________ do ____ 3,120 3,450 3, 791 3,618 4,213 4, 647 5,593 Price, wholesale, U.S. average ______ .dol. per 100 lb .. '4.66 '4. 52 4.44 4.34 4.19 3.99 3.85

Dry mill;:: Production:t

Dry whole milk ______________________ thous. of lb .. 7, 291 9,117 7, 900 6, 500 7,000 8,600 10,900 Nonfat dry milk solids (human food) ________ do ____ 92, 552 119,188 130,650 128,400 153,600 171,800 215,700

Stocks, manufacturers', end of month: Dry whole m!lk _____________________________ do ____ 11,390 10,757 10,384 10,450 9,430 9,919 11,926 Nonfat dry millr solids (human food) ________ do ____ 67,095 69,461 65,623 63,308 69,029 80,493 119,757

Exports: Dry whole milk _____________________________ do ____ 2,010 2, 776 4,418 3,071 3,607 4,858 3,940 Nonfat dry milk solids (human food) ________ do ____ 21,053 42,700 9,136 7,645 12,552 24,418 18,290

Price, wholesale, nonfat dry millr solids (human food), U.S. average ____________________ dol. per lb •. .152 .152 .153 .152 .153 .154 .153

' Revised. • Preliminary. a'Totals include data not shown separately. Revisions for 1st and 2d quarters of 1956 are available upon request.

26,705 24,637 2,040

16,898 5,125

11,030

851,014 466,161 365,489

9,011 8,247

11,478

14,063

16,443 12,887

853,012 1,936

8,067 6,404

742,872 1, 739

6,914 5,615

282 173

1,840 50

1, 984 10,421

138,034 621

1,332

149,400 147,013

. 601

159,580 124,990

466,136 419,583

4,202

.388

3,650 278,000

9,416 368,927

1, 444 16,306

6.05

12,633 6,312 3.83

10,100 200,200

13,374 144,368

3,183 25,686

.153

9,803 9,191

11,469

8,478

15, 121 10,316

848,118 2, 211

4,048 4,177

741,197 2,025

5,332 4,171

155 105

1,877 36

1,049 9,248

130,148 457

1,192

127,180 176,061

.601

136,905 104,880

495,063 449,472

2,850

.388

6,050 244,250

8,406 421,706

3,153 12,149

6.06

11,692 4, 593 3.99

8, 700 151,500

13,792 133,496

4, 561 18,989

.152

S-27

I August I Septem-1 October I Novem-1 Decem-ber ber ber

8,354 8,482

10,805

11.002

16,994 11,568

845, 122 1, 942

5, 262 5,482

739,048 1, 740

5,611 4,219

336 155

2,039 49

4,132 10,888

122,608 509

10,566

108,955 171,815

.607

118,535 89,155

507,286 460,860

3,208

.388

4,500 216,500

7,572 438,820

3,350 19,897

6.06

10,794 3,929 4.16

7,000 119,200

12,783 113,910

5,168 24,192

.153

26,815 24,778 2,009

14,223 2,055

11,296

602,220 241,943 339,062

6,838 6,884

10,333

23,650

16,047 13,786

842, 191 2,579

8, 214 7,604

736,320 2,332

7,227 5, 918

172 184

2,007 59

42,227 13,680

149,569 620

97,449

91,265 145,262

.624

101,035 72,835

497,486 453,093

3,214

.391

3,950 170,900

7, 533 428,868

1, 712 15,762

6.06

9,611 3,307 4.40

6, 700 89,400

11,061 93,573

2, 681 29,588

.153

6, 769 6, 517

10. 135

84,060

20,821 19,208

838,122 ---------

12,189 10,283

734,308 ---------

10,532 9,023

187 276

1, 892 ---------

69.443 15,355

206,200

-i23;o25-

100,540 126,921

. 614

99,580 '68, 810

464.570 425,655

---------.392

4,475 162,500

6,634 379,839

2,504 16,375

6.06

9, 412 3,454 4.56

8,200 100,460

11,582 81,114

3,666 30,260

.152

5,247 ---------5, 723 ---------9,337 ---------

21,866 ---------

--i6;oi4- ------------------

836, 771 ------------------ ---------11,743 ---------9,170 ---------

733,948 ------------------ ---------

8,931 ---------7,553 ---------

178 ---------329 ---------

1, 722 ------------------ ---------

12,774 ---------12,476 ---------

203,882 -----------25;263- ---------

---------

93,770 ---------'109, 373 86,773

.607 .609

89,180 ---------59,180 ---------

•435, 950 405,341 '399, 524 372,056 --------- ---------

.392 .396

3,300 ---------137,200 ---------

6,469 ---------262,925 ---------

1, 513 ---------10,854 ---------

6.06 ---------8, 783 9,384 3,148 ---------•4.62 •4.53

7,300 ---------104,200 ---------

10,946 ---------72,362 ---------3, 722 ---------

28,929 ---------.152 ---------

ll Data beginning July 1956 exclude production of wines and vermouth; for July 1955-June 1956, such production totaled 183,000 gal. tRevisions for the indir.ated items and for the p0riods specified are available upon request as follows: Butter, cheese (total and American), dry whole milk, and nonfat dry milk solids­

January 19M-September 1956; condensed milk and evaporated milk-January-September 1956.

S-28 SURVEY OF CURRENT BUSINESS January 1958

Unless otherwise sta~~. statistics through 1956 and I 1956 ~---,-----;----,----;,-----...,----1,9,57 __ ___,,----.----,.----.----.---descriptive notes are shown In the 1957 edition of Novem I Decem Janu F b I I I I I I IS I IN D BUSINESS STATISTICS her • ber - ary • :ryru- March April May June July August e~~~m- October ~~m- ~;;n-

FOODSTUFFS AND TOBACCo-Continued

FRUITS AND VEGETABLES Apples:

Production (crop estimate) ____________ thous. of bu .. --------- 1100,623 --------- --------- --------- --------- --------- --------- --------- --------- _________ --------- ·-------- '117,308 Rhipments, carlot. ___________________ no. of carloads.. 2, 085 I, 811 1, 595 1, 592 2, 061 1. 804 1, 005 257 131 48 803 3, 406 • 2, 765 3,190 Stocks, cold storage, end of month .••.. thous. of bu.. 33,933 26,578 19,814 12,765 7, 128 3, 246 1, 045 384 229 340 12,215 48,634 • 45, 621 36,977

Oitrus fruits, carlot shipments .•.•..••. no. of carloads.. 6, 349 Frozen fruits, juices, and vegetables:

9, 718 7,492 6,579 7,819 7, 783 9, 564 8,484 6,966 5, 483 4,176 4, 437 8,443

Stocks, cold storage, end of month: Fruits. __ ------- ----------------------thous. of lb .. Fruit juices and purees ______________________ do ... . Vegetables_._ -------------------------------do ... _

Potatoes, white:

467,046 450,562 422,805 379,474 341,520 292, 185 272,005 375,067 498, 120 303,742 294,282 388,388 464,337 492,287 505,397 562,221 567,775 504,187 905, 439 857, 942 787, 218 721, 613 665, 354 655, 695 625, 384 657, 296 726, 872

550, 700 566, 388 545, 092 '522, 747 496, 131 445, 713 398,485 337,273 •274, 368 286,763 873, 685 984, 765 993, 230 '957, 089 833, 728

Production (crop estimate) __________ thous. of cwt __ --------- '243,716 Shipments, carlot ____________________ no. of carloads.. 13,759 12,333 Price, wholseale, U.S. No.1 (New York)

dol. per 100 lb.. 3. 500 3.075 3. 533 3.620 3.480 3.540 3.930 3.658 3.328 3.841 3.290 r 3, 708 • 3. 349 -·-------

GRAIN AND GRAIN PRODUCTS

Exports (barley, com, oats, rye, wheat) .. thous. of bu.. 57,733 73,833 67,010 66,226 72,528 69,143 58,456 72,209 49,127 59,843 49,873 57,077 60,335 ________ _

Barley: Production (crop estimate) ____________________ do ____ --------- '376, 873 Receipts, 4 principal marketst----------------do.... 12,027 12, 195 Stocks, domestic, end of month: CommerciaL ________________________________ do.... 43,798

On farms .. ----------------------------------do .•.. ------ __ _ Exports, including malt§ ______________________ do____ 3, 981 Prices, wholesale (Minneapolis):

No. 2, malting ________________________ dol. per bu.. 1. 320 No.3, straight-------------------------------do____ 1. 276

Com: Production (crop estimate) _______________ mll. of bu .. ---------Grindings, wet process _________________ thous. of bu.. 11,819 Receipts, interior primary markets .••••....... do.... 47,353 Stocks, domestic, end of month:

CommerciaL---------------------------- __ .. do.___ 100, 863 On farms _______________________________ mil. of bu .. ---------

Exports, including meal and flour _____ thous. of bu.. 17,243 Prices, wholesale:

No.3, yellow (Chicago)_. _____________ dol. per bu.. 1.339 Weighted average, 5 markets, all grades .•••. do____ 1.331

Oats: Production (crop estimate) _______________ mll. of bu .. ---------Receipts, interior primary markets .•... thous. of bu.. 4, 052 Stocks, domestic, end of month:

CommerciaL __ ------------------------- _____ do ... _ 25, 223 On farms .. --------- _____ --------------------do .. __ ---.-- __ _

Exports, including oatmeaL __________________ do____ 2, 076 Price, wholesale, No.3, white (Chicago).dol. per bu.. . 824

Rice:

40,122 159, 561

3,011

1.298 1.258

"3 445 10:690 23,272

93,849 2,331.1

15, 578

1. 357 1. 300

21,363 696,376

2, 570 .829

Production (crop estimate) _________ thous. of bags 9 __ --------- '1 49,459 Cal!fomia:

Receipts, domestic, rough ____________ thous. oflb__ 99,461 75,193 Shipments from mills, milled rlce ____________ do____ 73,695 35,564 Stocks, rough and cleaned (cleaned basis), end

of month ___________________________ thous. of lb__ 85,123 97,309 Southern States (Ark., La., Tenn., Tex.):

Receipts, rough, at mills ____________________ _do____ 159,556 38,683 Shipments from mills, milled rice ____________ do____ 126,296 115,078 Stocks, domestic, rough and cleaned (cleaned

basis), end of month __________________ mil. of· lb._ Exports __ ------------------------------thous. of lb .. Price, wholesale, head, clean (N. O.) •••. dol. per lb ..

Rye:

1,192. 3 123,318

.085

1,026.2 404,990

.085

Production (crop estimate) __ ·---------thous. of bu .. --------- "21,155 Receipts, interior primary markets ____________ do____ 680 1,063 Stocks, commercial, domestic, end of month ... do____ 8,109 8, 294 Price, wholesale, No.2 (Minneapolis) ... dol. per bu__ 1.471 1.459

Wheat: Production (crop estimate), totaL ________ mil. of bu .. --------- •11,004.3

Spring wheat ________________________________ do ____ --------- '1 263.3 Winter wheat _______________________________ do. ___ --------- r t 740.9

Receipts, interior primary markets _____ thous. of bu.. 28,212 34,865 Disappearance (quarterly total) _______________ do ____ --------- 312,205 Stocks, end of month:

--------- --------- --------- --------- --------- --------- --------- ___ , _____ --------- --------- --------- 2 435,695 ~m ~~ ~~ ~~ s,~ ~~ ~- •m ~~ ~m ~~ ~m 37. 661 36, 062

3,386 3,675

1.278 1.237

I. 261 1.206

30,111 104,052

5,530

1. 268 1. 219

25, 343 22, 224

3, 576 6,052

1.~ 1.205

1.238 1.188

1.131 1.036

1.139 1.055

1.176 1.115

1.228 1.160

1.264 1.197

L248 1.174

1.224 1.142

·-11,-731- --1ii.-874- --11.-313- ··11.-133· --12,-ii23- --11,-473- --11,-661- --1-2,-3-21- --11.-716. --12,-952- --------- ' 3•403 11,682 ------·--

32,736 49,429 60,072 47,066 32,770 17,203 17,375 21,525 16,864 20,520 26,913 ---------

89, 558 102, 650

12, 789 12, 514

1.343 1.322

1. 275 1. 244

19, 495 17, 794

1, 614 1, 423 . 820 . 784

126,744 1, 615. 1 16,024

151, 613 157, 821 153,642 I, 118.4 10,198

139, 360 128. 029 120, 317 110, 211 105, 664 107, 362 --------- --------· 3 416.3 --------- ·-------- ---------

12, 313 14, 124 10, 549 18, 643 13, 867 15, 141 20, 530

1. 290 1. 260

1. 298 1. 240

1.333 1. 267

1.316 1. 292

1.337 1.336

1. 312 1.260

1. 262 1.184

15,116 13,240 11,688 12,066 16,083 24,314 25,420 410,427 --------- --------- 3 191,840 --------- --------- 1,079,183

869 1, 206 1, 134 1, 237 I, 411 3, 490 1, 694 . 778 . 727 . 738 . 695 . 662 . 674 . 650

1.189 1.151

1. 157 1.103

22, 225 18, 046

2,133 2, 802 . 632 . 750

1.148 1.032

15,135

.646

55,410 126, 523 153, 906 123,311 98,507 87,304 62, 147 54,245 33, 195 105,545 '60, 968 39,331 98,210 129, 567 81,696 76,095 52,665 39,704 33, 239 45,839 35,592 33,836

2 43,130

46,960 27,681

91,446 75,950 50,793 51,580 39,423 44,158 42,424 42, 469 17, 151 49,380 55,802 58,179

78,407 122,165 62, 275 17,955 20,879 14, 122 27,618 70, 428 485,373 1,185,118 399,837 144,810 135,725 110,818 101,820 93,489 86,565 126, 704 89,787 124,672 171,798 141, 132

907.0 110,930

.085

498 6,394 1. 499

836.3 179, 710

.088

306 5,458 1.400

651.7 509.2 333, 060 246, 261

. 090 . 089

240 4,844 1. 412

302 2, 966 1. 363

394.3 104,434

.091

483 2. 851 1. 240

443.8 71,665

.091

3, 531 2,023 1.292

376.5 109, 789

.095

2, 730 6,692 1. 246

256.4 37,884

.094

2,124 7, 515 1.281

472.0 147,210

.093

852 7,684 1.304

989.9 94,713

.095

524 6,209 1. 306

1,064.4 97,996 •. 095

'26, 528 635

5, 378 4, 488 1.330 1.334

2 947.1 2 239.9 2 707.2

--29~679- ··24~144· --21~462- --24~o3ii- --25~472- ··25~221- -1ii7~434-- 65,"777- --35,"801- --29~674 26,913 ------------------ 301, 77G --------- _________ 281,787 --------- _________ 238,990 __________________________ _

Canada (Canadian wheat) __________________ do ____ 352,461 356,920 356,831 360,964 368, 482 365, 104 364,343 384,362 401,176 396,776 382, 848 379, 043 367, 214 377, 420

1,598.6 --------- --------· United States, domestic, totalc/' ________ mil. of bu .. ---------Commercial, __ --------------------thous. of bu__ 429,322 Interior and merchant mills, elevators, and

1,487. 3 393,211 403, 458 386, 872

1.187. 8 --------- --------- 3 908.4 360, 702 356, 532 341, 690 3 31:3, 481 411, 584 437, 937 412, 237 417,052 398,347 378, 595

warehouses ______________________ thons. of bu .. ---------On farms _________________________________ .do ____________ _

Exports, total, including flour _________________ do ___ _ Wheat only __ --------------------------- ____ do ___ _

Prices, wholesale: No. I, dark northern spring (Minneapolis)

dol. per bu .. No.2, hard winter (Kansas C!ty) ___________ do ___ _ No.2, red winter (St. Louis) ________________ do ____ l Weighted avg., 6 markets, all grades .•....... do ..••

33,901 29,787

2. 4951 2. 358 2.358 2.494

675 222 292:804

51,477 44,109

2.426 2.343 2. 405 2.446

48,485 43,135

2. 438 2.3581 2.440 2.439

48,350 42,207

2. 400 2. 338 2.345 2. 417

558.750 --------- --------- '444, 32fi 165,959 --------- --------- 3 59,540

49, 46.) 42,599

2. 394 2.335 2. 298 2.406

50,6741 46,050

2. 3931 2.302 2. 213 2. 401

36,821 32,798

2. 371 2. 231 2.109 2.344'

56,846 51,405

2. 416 2. 268 2.057 2.365

'Revised. • Preliminary. 1 Revised estim!>te o/1956 crop. • December I estimate of 19.'i7 crop.

32,262 27,819

2. 435 2.135 2.110 2.221 I

33,993 29,222

2. 361 2.112 2.108 2.289

715, 103 388,390

30,425 25,845

2.382 2. 121 2.139 2.302

32,579 27,236

2. 428 2.132 2.178 2.326

29,774 --24,097 -·-

I 2.4391 2.201 (') 2.356

2.390 2.182 2.278 2.301

'Old crop only; new grain not reported until beginning of new crop year (.July for barley, oats, and wheat; Octobrr for com). 4 No quotation. tRevised beginning January 1954 to reflect data compiled from reports based on 5-day weeks (prior thereto, based on 6-day weeks). Revisions for .January 1954 through July 1956 are shown

in the October 1957 SuRVEY. §Excludes a small amount of pearl barley. 9 Bags of 100 lb. ci'The total includes wheat owned by Commodity Credit Corporation and stored off farms in Its own steel and wooden bins; such data are not included in the breakdown of stocks. ,Data for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.

SURVEY OF CUHRENT BUSINESS B-29 t=-~--- ~ -- -

1957 Unless otherwise stated, statistics through 1956 and ~---~~~-- -1 descripti~e ?-otes are shown in the 1957 edition of Novem-1 necem-BUSINicSS STATISTICS • ber I b~r J~~r J_F:~~~J :llarch I April I May j June II July I August I Septem-j October I NoY~m-j Decem-• bcr · ber ber

FOODSTUFFS AND TOBACCO-Continued

-G~-.:IN A~D GRAIN PRODUC;8-c:,nli:::--r -----------

Whe"t flour: I Production:

Flom·--.-- _________________ th?us. of sacks (100 lb.)__ 20,055 Ot>eratrons, percent of capacrty ----------- ________ _ 89. 1 OffaL ____ . ___ . -------------------- _____ ,hort tons._ 377, 713

Grindings of wheat. ____________________ thous. of bu.. 4.'\, 844 Stock held by mills, end of quarter

19,278 89.6

365,415 44,126

thous. of sacks (tOO lb.) ______ ----- .5, 572 Exports ________________________________________ do____ 1, 766 3,162 Priers, wholf'sale:

Spring, short patents (Minneapolis) dol. per sack (100 lb.)__ 6. 180

Winter, bard, short patents (Kansas City) __ do____ 5. 785

UVESTOCK Cattle and calves:

Slaughter (federally Inspected): Calves___ _ ______ ----------- ___ thous. of animals __ Cattle._ _ __ ____ _ _______________________ _do ___ _

Receipts, principal markets ____________________ do ___ _ Shipments, feeder, to 9 corn-belt States _______ _do ___ _ Prices. wholesale:

Beef steers (Chicago)_ _____________ dol. per tOOJb __ Rteers, stocker and feeder (Kamas City) _____ do ___ _ Calves, walers (Chicago) ____________________ do ___ _

Hogs: Slau~:ht>er (federally inspccted) ____ t!Jous. of animals __ Receipts, principal markets ____________________ do ___ _ Pri('es:

Wholesale, average, all grades (ChirAlgo)

Hor-:-oorn price ratio dol. per 100 Jb __

btL of corn equal in value to 100 lb. of live hog __ S1lCPp and lamh~:

Slaught<>r (federally iuspected) ____ thons. of animal~--Receipts, principal markets ____________________ do ___ _ Shipments, fc~der, tD 9 corn-belt States ________ do ___ _ Priers, wholesale:

Lamhs, average (Chlrago)_ ________ dol. per 100 Jb __ Lambs, fee<ler, good and choice (Omaha) ____ do ___ _

MEATS Total meats:

Production (carcass weight, leaf lard out), inspected slaughter----- _________________________ mil. of Jb __

Stocks (exclndlng lard), cold storage, end of month 0' mil. of lb ..

Exports (Including lard)-------------- _________ do ___ _ Imports (excluding lard) _______________________ do ....

Beef and veal: Production, inspected slanghter. ______________ do ___ _ Stocks, eold storage, end of month ______ thous. of Jb__ Exports ______ . ________________________________ do. __ _ Imports_ .. ~_. ______ ~ __________________________ do ___ _ Price, wholesale, beef, fresh, steer carcasses, choice

(600-700 lbs.) (New York) _____________ dol. per Jb __ Lamh and mutton:

Production, inspected slaughter. _______ thous. ofJb __ Stocks, eold storage, end of month _____________ do ___ _

Pork (including lard), production, inspect;,d slaughter mil. of lb._

Pork (excluding lard): Production, Inspected slaughter ________ tbous. oflb __ Rtoeks, cold storage, end ofmonth _____________ do ___ ~

Exports.----- __ .------------------------- _____ do. __ _ Imports .. __ . __ . ________________________________ do ___ _ Prices, wholesale:

Hams, smoked, composite _____________ dol. perlb __ Fresh Joins, 8-12lb. average (New York) ____ <lo ___ _

Lard: Production, Inspected slaughter ________ thons. oflb __ Stocks, dry and cold storage, end ofmonth ___ _cto ___ _ Exports ______ . ________ . _____ .----· _____________ do ___ _ Price, wholemle, refined (Chicago) ______ dol. per lb--

POULTRY AND EGGS

763 1. 807 2,689

794

23.97 17.29 22.50

6. 559 3.483

14 .. 59

'11.8

1,139 1,085

266

19.25 18.12

2,256

591 83 22

1,041. 7 220,008

10,896 10,853

.417

52,150 11,016

1, 162_ 5

862,470 248,637

6, 275 8, 247

. 471

.409

218,913 103,484

47, 272 .158

6.030 5. 725

605 1,686 2. 121

363

21.65 16.67 21.50

.5,698 3, 037

Hi. 32

13.3

1,062 1,023

145

19.38 17.85

2,064

679 95 24

987.0 263,929 14,264 11,145

.390

50,262 11, 590

1, 026.6

754, 561 279,768

8, 726 10,714

. 511

.421

198, 576 111,637 47,898

.175

22,162 9:l.6

419, 916 50, 711

19, 1.56 89.1

358, 583 43,661

2, 296 2, 637

6. 020 6. 020 5. 770 5. 625

657 1,851 2, 203

2-12

20.94 17.68 25.00

5, 655 3, 030

17. 52

14.1

1,333 1,204

201

20.12 18_ 55

2,199

619 93 27

1,111. 7 246,789 27,827 11,588

. 371

64,751 9, 715

1,022.6

.550 1, 488 1, 770

178

20.28 18.24 27.50

4, 985 2,622

16.98

13.7

1, 091 943 142

20.00 19.78

1,843

636 69 22

902.5 220,123 11,679 9, 939

. 365

r.3, 909 8. 987

886.9

19,679 86.2

367,929 44,693

5,190 2, 947

5. 950 5. 700

632 1, 514 1,836

237

21.36 I 19.35 26.00

.1,380 2. 710

17.05

14.0

1, 011 858 127

23. (10 20.97

1,932

631 93 27

918.1 194,214

9,521 11,003

. 376

49, W4 8,100

964.4

18, 940 19, 383 18, 144 79. 1 81. 1 83. 6

360, .570 365, 727 34 7. 039 43, 323 44, 256 41, 591

1, 985 1, 727

5. 975 5. 790

613 1, 499 1, 947

212

22.61 20.86 27.00

5,000 2,6-07

17.52

!4. 4

1. 061 996 113

22.75 21.75

1, 866

596 66 33

906.1 168,599

4,623 16,718

.305

50,604 7,330

909.2

5. 900 5. 600

580 1, 665 1, 961

205

22.85 21.13 25.00

4, 884 2, 573

17.39

14.0

1.133 1.013

IG1

24.00 21.07

1, 963

554 90 30

999.1 141, 556

3,404 16,612

.406

52,639 6,837

911.3

4, 746 2,335

6.025 5. 725

535 1, 535 1, 860

160

23.07 20.20 25.00

3, 994 2, 245

18. 15

15.1

1, 044 914 108

23.00 21.06

1, 721

485 89 24

904.7 123,321

8, 451 !1, 043

. 410

46,700 6, 870

754,416 61i0, 175 703,006 661, 271 293, 332 334, 606 352, 914 343, 081

657,319 323,905

6, 414 10,685

770.0

559,379 278,624 12,359 10,805

9, 420 8, 753 6, 592 5, 420 13,061 9, 428 13, 745 13, 297

. 516

. 450

196,353 101,098 37,811

.175

.fi19

. 446

172, 767 Jl2, 042 36,380

.173

. 506

. 438

190,755 119, 122 61,940

.168

. 521

.452

182,122 127,116

43, 783 .138

. 5!6

. 477

186,287 120, 168 65,696

.153

. 532

. W5

154, 196 107,!13

,')2, 322 .158

---~------------~-----------

.,..! """ 20, 584 22,057 19, 541 79.0 85. 2 95. 1 88. 6 90. 6

365, 966 394, 942 399, 3.'>3 431, 000 381, 056 43,319 46, 796 47. 31l 50, 779 44, 959

1, 903 2, 048 .'>,189 I, 966

6. 210 6. 005 6,010 5. 575 5. 800 5. 575

596 1, 759 2, 312

272

24.76 20.74 22.50

4, !8.5 2, 294

19.39

15.7

1, 200 1,108

222

23.75 20.60

1, 851

395 58 26

1, 019.8 116,06.1

1, 6.17 11,796

.430

53,385 6, 399

777.7

577,734 204,404

5,036 11,121

,543 • .512

146,019 101,808 34,707

.165

615 1, 726 2, 207

475

25.45 20.33 24.50

4, 418 2, 326

20. :!7

16.:l

1,111 1. 0.')9

341

2:l. 7.'> 21. 14

638 1. 627 2. 491

679

24.84 20.11 25.50

5, 060 2,fiW

19.12

16.6

1.104 ]. 308

502

22.0() 21.88

1, 828 1, 8.'>8

3:30 305 46 .')6 42 '33

1, 010. 4 9fl(). 7 120, 414 113, !\84

1, 774 9, 699 30, 730 18, 59!

. 448 . 438

49, 725 49, 650 5, 194 5, 745

767.4 847.8

,')79, 219 ()39, 808 147, u4a 134, os:;

4, 559 :l, 864 7, 040 9, 399

. .')61

. 525

137,940 76,600 24,347

.160

. 522

. 516

151, 80! 68,61\0 30, 532

.168

2, 293 2, 437

'6. 135 p 6. 215 5. 585 • 5. 635

742 I, 801 2, 861 1,190

24~ 48 20.18 26_ 50

6, 094 3,114

17.16

15~ 9

1,210 1, 463

()90

21.50 21.0.0

598 .Sti9 1, 515 1, 4/a 2,158

973

2.5. 06 25. 74 21.41 22.&! 27.50

5, 50!) ;;, 5:.?:J 2, 780 1- ~---- __ _

I lU. 791 17. 9.)

'17. 0 I !~.I

9.18 ! Y78 930 li. 248

22. oo I 2'2. t):! 2l.Oii . 21. 3U

I 2. 169 ~. 920 1

318 :370 !' 399 65 63

- - ~---- --- - -- I

1,06.5. 9 896.1 1 ___ _ 118, 864 ' 142, 236 145, 82-5

': ':1 ~; 54, 870 44. 053

1

. 5, 616 ' !\, 309 5, 241

1, 048. 6 979. 8 !

788. 160 730. 191 I 138,412 '163, 656 194,298

4, 269 5, 379

'.479 .480

189,478 67,717 43,376

. 1.58

P, 490 .473

182,592 78,918 36, 566

P, 150

Poultry: Receipts,5markets ______________ ~------tbous.oflb._ 90,347 75.226 53,211 45,378 51,969 52,606 58,1.15 50,582 60,319 Stocks, cold 'torage (frozen), end of month ___ .do.... 368, 378 332, 817 Sao, 13.5 292, 033 259, 975 219, 988 202, 191 190, 441 185, 138

62, 97 5 68, 397 79, 337 87, 423 78, 059 202. 178 261, 146 377, 207 '362, 059 :l!9, 040

Price, wholesale, Jiyc fowls, heavy type, No. 1 (Chicago) _____________________________ dol.perlb ___ .148 .145 .118 .1W .155 .153 .150 .150 .148

Eggs: Production, farm __________________________ millions__ 4,885 .5,280 f.,369 5,022 5,902 5,731 5,662 5,038 4,786 Drledcp:gproduct!on ___________________ thous.oflb __ 1,010 1,592 2,249 2,246 3,093 4,032 4,001 3,835 2,888 Stocks. col<! storage, end of month:

ShelL _____________________________ thous. of cases__ 525 320 328 M9 932 1, 208 I, 719 1, 812 I, 507 Frozen _______________________________ thous. of Jb__ 108.684 86,807 74,848 6.5, 643 78,436 107, 568 140, 4.'>6 166,942 176,721

Price, wholesale, extras, large (Chicago) dol. pe.r doz. . 400 . 344 . 308 . 322 . 304 . 318 . 290 . 299 • 361

MISCELLANEOUS FOOD PRODUCTS

Confectionery, manufacturers' sales. ____ thous. of doL_ 118, 2f>4 Oocoa (cacao) beans:

Imports (incl. shells) _____________________ longtons __ 11,549 Price, wholesale, Aecra (New York) _____ dol. per lb.. . 266

• Revised. • Preliminary.

9f>, 672

20.669 . 270

96,970

37,610 . 231

91,338

15,681 . 234

90, 912 84, 372

27, 722 i 16,997 . 223 . . 255

68,374

15,053 .253

62,783

24,757 .305

59,996

21,710 .305

.15.1

4, 588 I, 780

. 153

4, 416 1,3.'\0

.143

4, 597 1, !56

•.148

4, 587 5,035

I, 174 895 552 • 302 211 164, 728 147,430 124,272 '99, 230 75, 442

. 408

74.812

7.686 . 321

. 460 .1\23 . 444 .4H

117,739 •12G,Il88 117,280 ------~-~

7, 901 . 346 .354 •.427 1---------

d'Prior to 1957, figmes Include data for sausage and sausage-room products and edible offal; figure for December 19.')6 comparable wiih those beginning 19.07, which exclude such items, is 606,490,000 lb.

S-30 SURVEY OF CURRENT BUSINESS Januar,1· 1958

Unless otherwise stated, statistics through 1956 and I 1956 ~----,----,----,---,,----,-----1-9,57 ___ ,.---...,---,---...,---.----descriptive no1es are shown in the 1957 edition of Novcm-j DC'ccm- Janu- I F b I I I I I I I I I \ BUSINESS STATISTICS ber ber ary ~r~u- March April May , June July August Se~~m- October ::-<~e~m- D1~rm·

FOODSTUFFS AND TOBACCO-Continued

MISCELLANEOUS FOOD PRODUCTS-Con.

Coffee: Clearances from Brazil, totaL ...... thous. of bagsci" ..

To United States __________ , ________________ do ___ _ Visible supply, United States _________________ do __ _ Imports ___________ ,_---- ____________________ .do._._ Price, wholesale, Santos, No.4 (New York)

dol. per lb. Fish:

Stocks, cold storage, end ofmonth ...... thous. oflb __ Sugar:

Cuban stocks, raw, end of month

United States: thous. of Spanish tons._

Deliveries and supply (raw basis): Production and receipts:

Production ...... -................. short tons._ Entries from off-shore, totaL ............ do __ _

Hawaii and Puerto Rico ______________ .do ... _

Deliveries, totaL _________________________ .do. __ _ For domestic consumption .. __ , ________ do .... For export _________ • ___________________ .do. __ _

Stocks, raw and refined, end of month thous. of short tons __

Exports ___________ ... -------- .. _______ .short tons._ Imports:

Raw sugar, total<;>·--·------ ______________ do ___ _ From Cuba ...... ______________________ .do .. __ _ From Philippine Islands ________________ do ___ _

Refined sugar, total ... _____________________ do ___ _ From Cuba _____________________________ do. __ _

Prices (New York): Raw, wholesale ........ ______________ dol. per lb._ Refined:

Retail§ __________________________ dol. per 5lb Wholesale _________________________ dol. per lb __

Tea, imports .. ___________________________ tho us. of lb._

TOBACCO Leaf:

1,326 700

1, 111 1, 379

. 600

200, 403

'1,032

794.492 282, 508 189,762

669, 695 666,768

2, 927

1, 614 624

138. 548 98,873 28,897 2, 541 1, 451

.063

. 512

.088 4, 777

1, 584 898 965

1, 667

. 603

196,091

873

545, 449 199, 555 86,308

665, 436 661, 137

4, 299

1, 906 440

171, 386 151,084

0 3,016 1, 075

.064

. 518

.088 10, 344

I, 671 1, 288 1, 201 883

988 I, 181 2, 020 2, 405

. 610 . 609

168, 596 I H-5, 404

563

115,426 519,988 50,532

590, 353 585,089

5, 264

1, 826 564

3ii0, 622 231,559 119,041 45,080 36,724

.065

. 522

. 089 8,197

1,640

53, 164 453, 611 93,376

538, 498 536,683

1, 815

1, 809 1, 205

310,708 214, 601 96, 108 36,012 31,080

. 061

. 526

.089 7, 417

1,048 679 853

1, 832

. 599

122,414

2, 890

31, 142 565,977 157,876

927 512

1,034 I, 545

. 593

117,976

3, 790

935 529 989

1, 485

. 593

128,320

3, 615

23, 279 28, 766 630, 053 624, 32.1 208, 242 233, 502

638, 888 687, 686 772, 035 636, 437 684, 978 770, 381

2, 451 2, 708 1, 654

1, 813 604

351,330 218, 573 127, 280 64, 532 59,880

. 062

. 525

. 089 10, 402

1, 757 428

330, 570 227,221 103,349

50, 560 45,033

. 061

. 526 1.084 9, 981

1, 619 544

349,997 235,482 105,275 40,631 37,072

.064

. 527 1 .084

10,653

Production (crop estimate) _______________ mil. oflb __ --- T 2 2,179 Stocks, dealers' and manufacturers', end of '!Harter,

totaL ________________________________ mil. of lb Domestic:

Cigar leaL .... ___________________________ .do. __ _ Air-cured, fire-cured, flue-cured, and miscel-

laneous domestic ____________________ mil. of lb. ·I· Foreign grown:

Cigar leaL ________ ... _____________________ do._ Cigarette tobacco __________________________ do._

Exports, including scrap and stems .. ___ tho us. of lb. 42, 763 Imports, including scrap and stems ____________ do._ 9, 940

]\[anufactured products: Production, manufactured tobacco, totaL ____ .do. __ _

Chewing, plug, and twist ____________________ do ... Smoking. _____________ . ___________________ .. do. __ _ Snuff ... __________________ ------------ _______ do. __

Consumption (withdrawals): Ci?arcttes (small):

15,346 6,331 5, 970 3,045

Tax-free ___ -------------------------- __ millions._ 2, 585 Tax-paid _____________ ------------ _________ do.___ 33, 585

Cigars (large), tax-paid ________________ thousands .. •632, 158 Manufactured tobacco and snuff, tax-paid

thous. of lb__ 14,949 Exports, cigarettes _________________________ millions.. 907 Pnee (wholesalE'), cigarettes, manufacturC'r to \Yhole-

saler and jobber, f. o. b. destination dol. per tbous.. 3. 938

HIDES AND SKINS

Imports, total hides and skins I' ______ . ___ thous. oflb __ Calf and kip skins ___________________ thous. of pieces __ Cattle hides ___________________________________ do. __ _ Goat and kid skins ___________________________ do ___ _ Sheep aud lamb skins _______________________ .do. __ _

Prices, wholesale (Chicago): Calfskins, packer, heavy, 9}'i/15lb _______ dol. per lb __ Hides, steer. heavy. native, over 531b ......... do ... .

LEATHER Production:

Calf and whole kip .................. thous. of skins .. Cattle hide and side kip ... thous. of hides and kips .. Goat and kid ... _________ .. __________ thous. of skins._ She~p and lamb .. ____________________________ .do ___ .

Exports: Sole leather:

Bends, hacks, and sides ______________ thous. of lb .. Offal, including welting and belting offaJ. ___ do ....

Upper leather _______________________ thous. of sq. ft.. Prict.'s, wholcsalt·:

Sole, bends, light, f. o. b. tannery ________ dol. per lb_. Upper, chrome calf, B and C grades, f. o. b. tannery

dol. per sq. ft._

7, 898 43 21

1,325 1, 429

. 488

.128

737 2,197 1, 859 2,155

84 22

2,000

. G25

1.145

5, 353

292

4, 869

22 170

57,743 8, 434

11, 558 4,864 4, 246 2, 448

2, 572 2.1, 070

364, 509

11,709 1, 475

3. 938

30,'389 10,077

15, 917 6, 539 6, 031 3, 347

2, 714 35, 982

437, 127

15, 472 1, 171

3. 938

27,066 10, 298

13,268 5, 510 4, 8ii8 2, 900

2, 463 31,688

391, 193

12,997 1,337

3. 938

5, 213

348

4, 666

24 175

32,432 9, 662

14,345 5, 93.1 5, 399 3, 011

2, 267 33, 222

421,950

14,118 1, 326

3.938

30, 506 10, 701

14,927 6, 058 5, 763 3, 107

2, 721 32, 059

470, 129

14,493 1, 306

3. 938

29,453 11, 227

15, 7i3 6, 522 6, 088 3, 163

2, 482 38, 151

565, 2.37

15, 444 1, 398

3. 938

LEATHER AND PRODUCTS

9, 880 150 32

1, 936 1, 119

. 475

.108

722 1, 993 1,699 I, 784

66 13

3,092

. 625

1. 145

10,508 103

14 2, 205 1, 437

. 438

.103

872 2, 254 2,064 2, 065

54 35

2, 923

. 625

1.112

8, 497 165

13 1,010 2, 189

. 463

.090

844 2, 164 1, 892 2, 225

53 65

2, 644

.610

1. 118 I

15, 308 97

2 2, 291 3, 220

. 463

.095

813 2,164 1, 951 2, 359 I

124 20

3, 840

. 610

1. 145

12,039 132

1 1, 737 3, 245

. 513

.095

744 2, 118 1, 91\9 2, 369

66 8

2, 831

. 595

1.158

11,047 92 10

1, 607 2, 784

. 513

.108

800 2,168 2.005 2, 45,1

37 36

3, 126

. 595

1.180

794 413 954

1,194

. 583

1, 025 606 954

1, 579

. 565

1,102 596 927

I, 445

. 545

1, 250 686

1,005 1,247

• 533

1, 330 1, 609 825 1,115 794 980

.5-W .552

145,882 168, 485 189, 195 203, 122 '204, 960 203,386

3,010 2, 445 1, 945 1, 620 1,370 862

. 552

663

50, 246 37' 006 546, 450 694, 255 172, 764 232, 497

51, 685 138, 695 589, 229 653, 44o 533,398 472,464 -4ii;5io· ::::::::: 245,582 141,310 193,831 147,394 ---------

92.3, 739 878,655 833,099 782,327 711,151 ------ -- ---------911,362 874,797 829, 565 779,501 •708, 582 604,707 ---------

2,377 3,858 3,534 2,826 2,569 -----------------

1,328 584

336, 130 250, 587 80,717 33, 127 25, 051

.066

. 527 1. 084 8, 525

4, 846

332

4, 281

24 209

39, 902 9, 215

15,104 6,133 5, 683 3,288

3, 297 34, 189

449,722

14, 506 1, 491

3. 938

9,895 116

23 1, 821 2, 065

.550

.118

732 2,130 1,814 2,148

88 36

2, 913

.615

1.185

1,180 985

377,358 285,931 70,693 48,604 43,918

.066

. 532 1 .085 8, 437

1, 000 2, 239

315,157 219, 754 66, 836 49,376 41,029

.062

.534 1.085 8, 202

823 r 1, 213 355 1,199

314,463 266,466 40, 117 20,508 8,270

.062

1, 759 --------· 403 ---------

•.062 .062

.536 1.084 7,396

. 536 537 1 .084 • 1. 084

--------- --------- --------- --------- --------- 31,680

28, 44 7 40, 988 11' 715 9. 383

13, 608 5, 846 5, 499 2, 264

2, 979 35, 248

478, 149

16,584 6,592 6, 785 3, 207

2, 763 38,013

525, 171

4, 918

298

4,403

26 --------- --------- --------· 190

77,042 '74;386- "47;625' ::::::::: 11,837 ---------- ---------

15, 674 6,128 6, 564 2, 982

17, 519 6, 696 7, 514 3,309

2, 819 2, 646 34, 684 38,248

500, 346 '562, 622

13,951 5, 492 5, 665 2, 794

2, 575 31,545

574,369

13, 747 16, 619 15, 272 16, 847 13, 725 1, 588 1, 524 1, 353 1, 220 1, 568

4. 281 4. 281 4. 281 4.281 • 4. 281

6, 702 159 10

1, 361 710

.488

.133

546 I, 887 1, 774 1, 722

35 12

2,148

.625

1. 208

10,917 46 20

1, 494 4, 417

. 450

.138

818 2,262 1, 785 2,189

87 87

3,137

. 625

1. 175

9,968 93 15

I, 610 2,058

. 450

.123

'686 2,n29 1, 704 1, 975

108 32

3, 245

.630

1.165

. 4.oo •. 438 ---------

.118 •.103 ---------

786 2, 318 2, 095 2,041

85 25

3,443

. 630

1. 158

61 13

2, 802

P, 630

p 1.158

r Rrvised. tJPrrliminary. 1 Beginning Apri11957, data exclude excise tax; earlier data Include excise tax ($0.005 per lb.). 'Revised estimate of 195G crop. 3 December l estimate of 1957 crop. ci"Bags of 132 lb. § Data represent price for New York and Northeastern New Jersey. I' Includes data not shown separately.

.f mmnry 1 H:J~ SURVEY OF CURRENT BUSINESS S-31

u:,,css otherwise stated. statistics through 1956 and I -1956 -

1

- - 1957

de~~~ipti~~ !'otes are .shown in the 1957 edition of Novern-1' Decem- Janu- I Febru-1 I . I I I BU:siNESS STATISflCS . ber ber ary ary March April May June July

I August I' Septem-1 October INovcm-1 Decem-

ber her her

LEATHER MANUFACTURES

Shoee and slippers: 9 Production, totaL ................... tbous. of pairs ..

Shoes, sandals, and play shoes, except athletic, totaL .......................... thous. of pairs ..

By kinds: Men's ___________________________________ do ___ _ Youths' and boys' _______________________ do .... Women's ________________________________ do ___ _ Misses' and children's ___________________ do ___ _ Infants' and babies' ..................... do .. ..

Slippers for housewear ....................... do .. .. Athletic .......... ______________________ ...... do .. . Other footwear .. ------------- .............. do .. .

Exports. ____ . ___ ... __________________________ do .. .. Prices, wholesale, f. o. b. factory:

1~-ff'n's a.nd boys' oxfords, dress, cattle hide upp2r, Goodyear welt ______________ ....... 1947-49=100 ..

Women's oxfords (nurses'), side upper, Goodyear welt ______ . ____ . ______________ ._ ... 1947-49= 100 ..

Women's and misses' pumps, suede split. ... do ....

LUMBER-ALL TYPES t

National Lumber Manufacturers Association: Production, totaL ....................... mil bd. ft..

Hardwoods. ___ . __ .. ___ . ___ ._. _____ . __ .. ____ .do._. Softwoods .. ______ .. ___________ .--------- .... do ... .

Shipments, totaL .. ___ ---------------------- .. do .. .. Hardwoods __________________________ ........ do.---Softwoods ........ ___ ... __ .. __ .. ____ ......... do ... .

Stocks (gross), mill, end of month, totaL ...... do .. .. Hardwoods ___________ .. ___________________ .. do .. . Softwoods .... _ ........ --------------- ....... do ... _

LEATHER AND PRODUCTS-Continued

46,491

38,186

8,462 I, 520

19,375 5, 787 3. 042

7, 236 607 462 264

124. 1

131.3 117.4

2, 954 572

2, 382

2,802 524

2, 278

9,629 3,619 6,010

41,668

37,022

7, 727 1, 687

18,801 5, 876 2, 931

3, 944 1\08 194 326

124.1

131.3 117.4

51, 465

47, 574

9,198 1, 980

25,429 7, 409 3, 558

2, 715 504 672 225

124. 1

131.3 117. 8

51,250

46, 172

8, 858 1,813

25, 07R 6, 986 3, 437

4,129 490 459 272

124.1

131.3 117.8

54,925

49,045

9, 755 1, 993

26, 799 6, 809 3,689

4, 759 571 550 421

124.1

131.3 117.8

52,697

46, 798

9, 493 2,166

25,537 6,178 3, 424

4,892 479 528 385

124.1

131.3 118.9

49,339

43,029

8, 964 2,004

23,1-'7 5, 712 3, 192

5, 280 502 528 274

124.1

131.3 11~. 9

LUMBER AND MANUFACTURES

2, 520 518

2,002

2,375 477

1,898

9. 777 3,660 6, 117

2, 635 529

2,106

2, 543 479

2,064

9, 871 3, 710 6,161

2, 607 539

2,068

2,488 504

1, 984

9, 990 3, 745 6, 245

2.842 522

2,320

2, 795 497

2, 298

10.037 3, 770 6, 267

2, 941 472

2, 469

3,027 483

2, 544

9, 9.12 3, 759 6,193

3,055 461

2, 594

3,140 481

2, 659

9,867 3, 739 6,128

45,226

38,964

8,194 1, 963

20, 771 5, 437 2, .199

5, 075 533 654 213

12J.l

131.3 118.9

2,884 463

2, 421

2, 967 476

2, 491

9, 782 3, 726 6,056

46,016

40,087

7, 481 2,113

22,412 5, 451 2, 630

4,982 409 538 231

124.4

131.31 118.9

2, 728 470

2, 258

2,813 429

2, 384

9, 696 3, 767 5,929

54,968

46,486

8, 844 2, 433

25,701 6, 440 3, 068

7, 416 501 565 317

124.4

131.3 118.9

3,107 545

2, 562

3,147 524

2,623

9, 655 3. 788 5, 867

48,800

40,571

8,497 2,151

21,095 5, 937 2, 891

7, 466 484 279 368

124.4

131.3 118.9

2, 88.1 529

2, 354

2, 866 525

2,341

9, 672 3, 792 5,880

51,091

42,026

8, 794 2,071

21,661 6,273 3, 227

7,913 496 656 352

124.4

136.2 118.9

3,024 518

2, 506

3 091 '548

2, 543

9, 611 3, 761 5, 849

43,815

35,980

7, 849 1, 674

17,801 5, 768 2, 888

6, 7i4 486 575 312

p 124. 4

p 136.2 p 118.9

2, 493 458

2,035

2, 473 509

1, 9()4

9, 602 3, 710 5,892

Exports, total sawmill products ............. M bd. ft.. 55, 235 82, 249 57, f>08 66, 281 80, 36.1 66, 776 83, 948 67, 790 76, 729 80,875 70, 607 64, 426 54, 838 Imports, total sawmill products ____ .. ________ .. do .. __ 279, 133 227, 018 17 5, 509 206, 698 250, 060 241, 941 241, 931 257, 755 293, 852 264, 043 267, 167

SOFTWOODS t Douf!las fir:

Orders, new ______ .. -------------- ....... mil. bd. ft.. ~!!37 Orders, unfilled, end of month ................. do .... .o. "' Production .. _ .. _ .. ____ . ___________________ . ___ do. __ . 761 Shipments .. ____ .... ____ ----------------------do ... • 729 Stocks (gross), mill, end of month ................. do.... 1, 044

Exports, total sawmill products .................... M bd. ft. Sawed timber ______ .--------------------- ... do. __ _ Boards, planks, scantlings, etc ______________ .do ....

Prices, whole:;:ale: Construction, No.1, dried, 2" x 4", R. L.

dol. per M bd. ft.. Flooring, c and bcttel", F. G., 1" X 4", R. L.

Soutlwrn pine: , - dol. per M bd. ft..

Orders, new ____ :-_____________________ .. __ mil. bd. ft.. Orders, unfilled, end of month .................. do ... . Production __ . . __ .. _____________________ .. _ ... do ... Shipments._ .... _______ ....................... do ... _ Stocke (gross), mill and concentration yards, end of

month .......... _____________________ mil. bd. ft .. Exports, total sawmill products .......... M bd. fL.

Sawed tim her ____ .... _ .. ____________________ do ... . Boards, plankg, seantlin~s. etc _______________ do .. ..

Prict:'S, wholes~-tle, composite: Board~, No.2 and brttcr, 1" x 6", R. L.

dol. p,er M bd. ft .. Flooring, Band better, F. G., 1" x 4 ', S. L.

dol. per M bd. ft.. \Vest<~rn pinr:

Order,, new ............ _________________ mil. bd. ft .. Ord<'re, unfilled, end of month ________________ do .... Production ... ·--------------------------- __ ... do ... Shipments _______ ·-- ___________________________ do .. Stock", ~ross, mill, f'nd of month _____________ .do ___ _ Price, wholf'sale, Pondrro.,a, boards, No.3 common,

I" x S" .......................... dol. perM bd. ft.

HARDWOOD FLOORING

Maple, beech, and bireh: Orders, new .............................. M bd. ft .. Orders. unfilled, end of month ................ do .. .. Production ... _. ______________________________ do ... . Shipments .. _. ________________________________ do .. .. Stocks (gross), mill, end of month ........... .do. __ _

O:>k: Orders, new __________________________________ do ___ _ Ordt•rs, unfilled, end of month _______________ .. do .... Production .. _____________________________ .... do .. __ Shipments._ .... _ .... ______ ---------------- ... do ... . Steck' (gross), mill, end of month ______ ....... do .. ..

r Revised. P Preliminary.

24,269 14,117 10, 152

81. Co03

130.646

561 I 174 632 585

1, 888 6, 979 1, 841 5,138

81.794

153.970

563 319 621 605

2, 110

70.100

4, 000 13,250 3, 700 3, 350 7,300

74,843 32,296 86,462 80,601

101,492

633 fl08 1\23 612

1, 056

37,584 22, 225 15, 359

80.654

130.034

463 158 562 479

1, 971 9, 536 1,809 i, 727

82.062

153. 542

573 :l65 518 527

2,103

71. 4f)()

3, 050 13,350 3, 600 3.375 7, 560

62, 525 29,630 70,985 65,903

106,574

631 614 586 584 670 671 653 616

1, 073 1, 128

22, 775 35,040 12. 858 1 19, 437 9, 917 15, 603

81.989

131.320

594 178 674 574

2.071 6, 851 I, 203 5, fA8

80. 46!)

152. 133

5.58 375 467

z. 3~~ 1

72. !120 l

4. 250 13,750 4,360 3 850 s: 100

80,671 3~. 573 87,010 78,490

115,094

80.905

131.308

557 180 mo 555

2,086 7, 505 1, 451 6,05-1

78.395

148. 779

528 394 503 509

2,018

73.380

3, 475 14,025 3, 700 3,150 8,650

73,683 37,624 74,467 69,632

119,929

9 Revisions for production for January 1955-July 1956 will he shown later. tRcvisions fpr January 1954-July 1956 are shown on p. 24 of the November 1957 SURVEY.

727 635 737 676

1, 189

33,831 19,692 14,139

80. 170

129.746

634 166 616 648

2,054 9, 240 2, 217 7,023

78. 135

148.473

648 451 577

2. rz! I 73.380

3,9.50 14,150 3. 750 3, 350 9, lf,O

92,442 50,514 72,561 77,471

111, 676

780 628 765 787

1,168

31,370 20,426 10, 944

80.893

128. 288

674 191 633 649

2,038 8, 283 1, 946 6, 337

77.785

147.821

680 430 f)7() 701

I, 979

74. 190

4,000 13,8-10 4, 200 3. 750 9, 550

88,280 57,087 77,730 Sl, 707

106,162

857 675 789 810

1,147

32,948 21,403 II, 545

80. 164

126. 500

699 193 663 697

2,004 7, 788 1,017 6, 771

77. 792

146. 412

725 433 715 722

L9n

74.610

:l, 750 13,9.50 3,450 3, 700 9, 300

86,019 55,680 sa, 610 84, 113

103,814

705 617 696 763

1.080

30,942 16,674 14, 268

80. 176

126. 151

659 218 613 634

I, 983 8. 742 1, 382 7, 360

77.183

]4.5. 800

676 430 707 679

I, 998

74. 120

4, 050 H.360 3, 225 3, 725 8, 950

68, 168 .12, 102 74,897 74,478

103, 134

679 620 620 676

1,024

27, 416 13, 142 14,274

80.770

126. 151

668 219 640 667

1, 956 9,608 1, 489 7, 519

77. 272

146. 794

683 439 656 674

I, 979

72. 370

4, 200 14,950 3, 150 3, 800 8, 350

69,516 47,896 73,581 73,722

101, 770

644 546 704

7171 1,011

26,588 . 9, 560

17,028

80.299

125.5381

689 I ~I 702

1, 914 6, 600 1, 631 4, 969

76.759

614 516 646 643

1,013

m. 687 36,863 16.824

6(}3 468 687 711 995

24,977 10,848 14, 129

578 472 598 574 993

22,234 9, 8.59

12,375

78.853 '78. 614 p 77.380

123.039 '122. 071 p 120.631

642 203 622 H45

1, 891 7, 152 1, 504 5, 648

76.308

688 186 687 705

1, 873 7, :l98 1, 583 5, 815

'76. 490

503 140 558 549

1,882 5, 921

830 5,091

p 77. 240

145. 224 145.224 '144. 979 p 144.979

687 381 782 775

1, 986

643 391 701 664

2,023

70. 500 : 68. 810

5,150 14,250 4,100 4, 700 8, 050

77, 597 44, 113 81 533 81:380

101,923

3, 3,)0 15,300 3, 850 3,000 8, 850

70,080 41, 516 74.516 75,681

100, 75ll

709 375 728 725

2, 026

4fJO 320 544 515

2, 052

, 67. 6~0 I p 1)7. 690

3, 650 13,950 4,200 3, 750 9, 350

79,633 38,815 81,570 84,222 95,291 '

3, 22.5 13,500 3, 560 3, 275 9, 475

63,549 35,063 67,745 67,301 93, 293

&-32 SURVEY OF CURRE~T BUSIXESS .Tauunry 1~trt~

Unless otherwise stat~~. sta~i:m~s through 1956 and I 1956 ~------.-----.---.-----;------.----~9,5_7 ___ .-----;------.----.--descriptive notes are shown in the 1957 edition or KovPm I DPc<'m Janu- I Frhru-1 ~larch I _•pril I 1\lay I June I July I , t. I Septem-1 October I No;em-/ De";:: BUSINESS STATISTICS brr - hl'r - ary ary " ,.ugus ber be•· her

------------------'----'-----'----'-----'-· '-----'----'----'-- - . - I ------

LUMBER AND MANUFACTURES-Continued

PLYWOOD

Hardwood (except container and packaging):i Shipments (market), quartrrly total

M sq. ft., surface measure __ --------- •209. 575 Inventories (for sale), end of quarter ___________ do ... ____ ----- _ • 50.457

Softwood (Douglas fir only), production M sq. ft., %" equivalent..! 444,773 506,066 439, 595 405.013

l\IETALS AND MANUFACTURES

IRON AND STEEL Forrign trade:

Iron and steel products (excL advanc"'l mfrs.): Exports, total f.. _______ .. _ .. _ tho us. of short tons ..

Scrap. ___________________________________ .do. __ .

Imports, totalt. ---------------- __________ ... do .. _. I Scrap ____ ---------------------------------do. __ _

Iron and Steel Scrap I

Production and receipts, totaL .. thous. of short tons __ / Home scrap prodnce.d _________________________ do ... .. Purchased scrap recl'ived (net) ________________ do .... l

Consumption, totaL __ -------------------- _____ .do. __ _ ~locks, consumers', end of month _______________ do .... j

Iron ore: Ore I Ail districts: l

~~~~':J:,~~g~~:i_o_~~ ~ ~: ::~: :::::: :~~~~s_._ ~~ ~~~~~- ~<;:~::: J

Htocks, at mines, end of month ______________ do .... l Lak<' Superior district (U. 8. and Canadian orrs):

Shipments from upper lake ports ____________ do ... \ Consumption by funmces ___________ ........ do .. __ Stocks, end of month, totaL ______________ ... do .. __ •

At fumae<>s _________________ -------- ______ .do. __ _ On Lake Erie docks _______________________ do ___ _

Imports ______________________________________ .do ___ _ Manganese ore, imports (mangan~se content) ____ do ___ _

Pig Iron and Iron Manufactures

Castings, gray iron: Orders, unfilled, for sale, end of month

thous. of short tons __ Shipments, totaL .... ------~- __________ do ...

For sale _______________________ ._.~_. __ ~-~ ___ .do __ C'astin!(s, malleable iron:

Orders, unfilled, for sale, end of mo _______ short tons. Shipments, totaL .. ---------- _________________ .do. __ _

For salC' __ ---------------------- ____________ -•lo ___ _ Pig iron:

Prodnction _____________________ thous. of short tons __ Oonsumption _________________________________ do ___ _ Stocks (consumers' and suppliers'), end of month

thous. of short tons._ PricPs, ·who1f'sale:

Composite ______________________ doL per long ton .. Basic (furnace) _____________________ ------- .. do ___ _ Foundry, No.2, N"orthern __________________ do ....

Steel, Crude and Semimanufactures

RU'('} ('t1Stings: Shipments, totaL ______ ---------- _______ short tons __ !

For sale, totaL ______ .. ________ .. ____ .. __ .... do .. _ . 1 Railway specialties ______________________ ~ .do.-- -I Steel forgings (for sale):

Orders, unfilled, end of mo. ____ thous. of short tm'"--1 Hhipments, totaL __ --------- _________________ .do. __ _

Drop and upset __ -------------- _____________ do. __ _ Press and ope-n hamrner _____________________ do ___ _

ilt<•el ingots and steel for castings: Production ______ --------------------- _________ do ___ _

Percr-nt of eapacityci' __ --------------- .. ____ . _____ _ Prices, whol<~sale:

Composite, finished steeL ______________ JloL p<'r !h .. Htecl biiiets, rerolling, carbon, f. o. b. miii

doL per short ton .. Structural shapes (carbon), f. o. b. miiL.doL p<>r lh .. StRel scrap, No. I, heavy melt.ing (Pittsburgh)

doL pPr long ton ..

Steel, Manufactured Products

Barn·ls and drums, st<'el, heavy typ<'S (for sale): Orders, unfilled, end of month ___________ thousands __ Shipm<'nts ____________________________________ do ___ _ Stocks, end of month __________________________ <lo.,~--'

1.

Cans, metal, sllipments (in terms of steel consumed), total for sale and own use ____________ short tons ..

Food. _____ ------------_--------------- ____ .. do .... Nonfood ______ ------------------------- _____ do_. __

Shipments for sale ____ ---------- ______________ do ____ !I

Olosures (for glas~ contaim•rs), production ___ .millions._ Crowns, productwn __________________ thousand gross ..

r Revised. v Preliminary.

\l!\6 523 :1\!8

26

7,108 ~. 941 :1,167 7. 06.3 fi, 9.18

8, 351 10,288

5. :J27

8,801 7, 485

50,5:17 45,947

4, 591

2, 606 65

917 I. 176

635

89,977 82,717 47, 979

7,037 6, 986

2,308

62.45 ()2,;)()

(',.1.00

1()4, 114 126,900 28,284

[)53. 4 134.5 100.:1 :l4.2

lU, 556 100

.0626

84.00 .0527

f\2. 50

1. 895 1, 878

61

265, 169 154,249 110,920 219,267

],436 16,706 !

], 203 fiG! 22{)

2\J

7, 47.1) 3, 970 :{, .10,1) 7. 017 i. 416

4, 837 4,448 5, 699

1, .180 7. 840

45 . .008 41,231

4, 277

1, 610 99

920 I, 109

587

92,311 76,:152 44,268

7,330 7,164

62. 4!\ 62.50 !'l. 00

158,725 125,.009 :!4, 080

537.9 129. () 96.3 :13.3

10,838 9H

.0628

84.00 . 0.127

HG. 50

1, 70S I, 874

62

267, 144 153,092 ll4, 052 221,290

I, 280 16,941

1.023 547 214

21

7. :)20 4, 070 :l.2M 7, 427 7. :n2

3, 841 1, 901 7, 649

0 7,892

37. 484 33,580 :l, 905

I, 692 95

905 I, 213

642

93,886 85,977 .11, 508

7, 282 7, 260

2, 268

(\2. 45 62. 50 O:l. 00

169,240 133.826 30: o9o

5:16.9 147.7 113.0

:!4. 7

Il, 009 97

.0629

84.tXI .0553

u2. 50

2. 5Il 2.lfl6 . 77

314,488 183, 293 131, 195 2(\2, 984

I, 403 22, 724

1,028 620 184 20

(\, 741 :l, 744 2, 997 n, 7fl~ 7. 306

3, .560 1, 817 9, 398

0 7,099

30, IlO 26,817

3, 293

1,359 89

931 1 I, 1031

582

90. 72.1 78. 028 46, 729

6. 658 6, 563

2. 241

H2. 45 ()2. [>()

03.00

I

154. 9:J21 121.667 27,181

[,32. 9 135.0 102.2 :;z. 8

9. 987 98

.Oti32

89.00 .0567

2, 346 2,050

fl9

280,395 161, (\59 118, 73() 2:!4, 194

1, 251 24,091

1. 426 800 188

11

7. 110 3, 959 :J, 151 7.049 7. :J61

3, 717 1,855

11,254

0 7,602

21,941 19,672

2, 270

1, 458 90

9:15 I. 133

604

~9. 431 78,013 48. 311

7, 247 6, 894

2, 439

n:J. 84 t\4.50 (\5. IXl

wo. 054 124,416 29,968

517.0 145.8 107.9 37.9

10,589 93

.0633

89.00 .11567

50.50

2, 444 2.179

68

1. 314 tiliS 1XO

8

fi •. ~24 :). 764 2, 7.59 (\, 514 i. ~{7()

6. 677 5, 581

12.:l9o

3, 987 7,158

17,167 15,170 I, 9!16

1,801 90

899 1.120

6ll

83. llfi 80.271 51,320

6, 871 6. 559

2. 524

1\4.05 f\4. 50 li.l. 00

1fi2.49X 124 . .149 29.708

496.9 1:l9.0 10:3.4 :!5. 6

9, ~15 90

.0633

89.00 I .0567

41. 50

2.326 2, 1ti0

78

32.3, 791 50(), 425 178. 91a 1 3:15. 566 144,878 I 11o. ss9 267, 700 ' 446, :136

1, 3\!:l 1 1, 443 2\!, 712 I 2\1, Otll!

1,284 672 188

1.1

6, 376 3. 849 2 .. 126 H. 444 7,:307

12,587 13, 393 ll,543

12,728 7. 375

22,712 20,2fm 2,446

3,187 88

880 I, ll2

625

79,787 76,504 46,277

6. 945 6, 567

2. 7ll

t\4.05 tl4. ,oo

tll\.00 I H\4, 57.1 125, 4:n 32,840

479.2 135.3 100.8 :l4. 5

u, 792 86

.06J5

89.00 . 0567

44 . .5(1

2, 2~5 2, 207

'i7

338, 575 175.847 162, 728 280,919

1, 465 28,713

191,879 37,276

466,993

1, 2ll 502 162

16

fi, 08(j 3, 628 2, 458 ti, 082 7. 309

14,440 16,074 9, 914

13,597 !i, 9:31

29,.170 26,823

2, 747

3, 626 108

85.3 1.058

599

76,331 72,556 44,6.39

6, 660 6,353

2, 791

04.05 li4. so 6.o.OO

153,647 ll9, 3.1:3 31,338

445. I 128.5 92.9 35.5

9,391 86

.0635

89.00 .0567

56. 5(1

2,351 2,124

71

360,530 203,957 156,573 308,197

I. 382 28, 791

412, 559 467, 882

I, 163 491 216

18

6, 040 3, 489 2, 551 5, 485 7, 866

14, 303 15,886 8, 322

14,212 7,107

:17,148 33,970

:l. 173

4. 403 98

880 \1M 523

80, fi94 57.748 34.876

6, 692 6, 226

3, 224

!i5. 23 (\4. 50 66.50

122.018 90,037 22,803

430.7 104. I 79. I 25.0

8,009 79

.0677

92.50 .0594

55 . .00

2,151l 2, 050

86

4.12, 994 271,056 181,938 404,235

I, 371 31,041

I, 117 .175 198 23

6, 41>1 3. 743 2, 720 !i, 93fi 8, 393

14,370 15,187 7, .504

13.172 7. 039

43,951 40.380 3. 571

:J. 93:; 95

826 1,076

,1)97

84,876 (),\426 39,li44

fi, 782 6, 462

3, 4!\7

H5. !45 ti6.00 61\ • .'\0

145,926 111,080 33, f\41

417.5 ll5.4 88.4 27.0

0, 2:l4 82

.0677

92.50 . 05fl4

5.'1. 50

2,109 2, 052

79

546,228 3139, II7 177,Ill 488,184

1, 571 31,914

193,176 34,152

450, 513

1,046 f>87 121 16

fi, 140 3, .)76 2, 504 5. c,38 8,89.5

12,933 13,516 6, 921

II, 828 6, 792

49.464 45,323 4,141

3, 858 56

80.1 990 .o63

&1,381i 62,457 38.397

6, 628 6, 322

3, 632

65. 9!\ li6. 00 116.50

139,002 lOfi, 611 29,718

396.9 ll6. 9 86.3 30.6

8, 978 82

.0677

92.50 05\l4

49.50

1,037 574

I

• 6, I9o I ,. 3, 792 '2. 398 r 5. 974 '9. Il2

11,337 12,834

.5. 42.5

ll. 1}(),1 t), 538

54,844 50,174 4,6fi9

740 1.100

601

82.995 77.667 45.989

6, 519 (),350

r 3, 707

r..o. 9.5, 66.00 66. "0

I

1.049 ---------621 -

~· 5. 230 p 3, 320 "I. 9ll p 5, 375 p 8. 916

4, 066 19 -\741

,)4, .132 49,894

4, H38

.), 780 p 5, fl46

r :). o50

f).!). 9;) 'no.oo p 66. 50

146.3971--------- --------­]]3,216 --------- ---------3], 4771_-

400. 6 1 3tH. 8 125. 6 10!\. 1 93.6 79.4 31.9 :l.'i. 7

9, 198 8, 393 ,. 7, 41:1 81 77 t)5

. 06771 .ll677 . t)()77

92 . .so I • 92 .. )0 . 1).~94 p • 0.1)94

:JS. :.o i • 32. 5o I

I I 2,044 2, 002 j___- ---- -l 1,840 2,065 1---------~~

72 80 1----------

495, 903 • 4o.s. &'ill I 290, 88!1 ~ _ _ _ __ 346, 941 '259, 730 'i' 17 4. 45:; 1-- .. ~--148,962 •146,120 ll6.427 1~------430,371 ,-·348,333 248,6781 _____ __

!• 476 I, 578 I I, 3?? ___ ---21, 684 25,386 18. 5-l> .. ___ __

l Revisions for the indicater1 S('ries are ~l\ ailablP UlJOll r('(lUPst as fono·ws: Plywood, ad quartt·r HJtJ3-;j(l quarH·r 195H; iron and steel exports and imports, January-July 1956. ci'For 1957, percent of capacity is calcula.t<'d on annual rapaeity as of Jan. I, 1957, of 1:J:J,459,150 tOJ,s of steel; for 1956, data are bas<'<! on capacity as of Jan. I, 1956 (128,3•~l.090 tous).

Annual capacity as of January I, J9.1H, is 140,742,.070 t<'ns.

.J,mnury 19Li8 SURVEY OF CURRENT BUSINESS S-33

l'_n_l~~: other~;se s~ated, statistics through 1956 and I 1956- I ---,---,· __ _:_19:.,5--7 __ ---,-----,---,-----.-----~.------

descriptive ,notes are shown in the 1957 edition of Novem-1 Decem- Janu- I Febru-1 I . I I I August I Septem-1 October I' Novem-1 Decl'm-BUSINESS STATISTICS ber ber ary ary . March

1 Apnl May June July ber bpr ber

METALS AND MANUFACTURES-Continued IRON AND STEEL--Continued

Steel, Manufactured Products-Continued

:-'kd products, net shipments: Total (all gradcs) _______________ thous. of short tons ..

Semifinished products ____________________ ... do. __ _ f'trnctural shapes (heavy), steel piling ____ ... do ... . Plates. _____ ------------------- __________ .... do ... .

Rails and accessories. ____ -------- __________ _cto ___ _ Bars and tool steel, totaL ___________________ do ___ _

Bars: Hot rolled (incl. light shapes) _______ do ___ _ Reinforcing _________________________ do. __ _ Cold finished_------------ ______ ... .do .. __

Pipe and tubing _____________________________ do ___ _ Wire and wire products _____________________ do ___ _ Tin mill products (incl. black plate) ________ _cto ___ _ Sheets and strip (incl. electrical), totaL ..... do ___ _

Sheets: Hot rolled _________________________ do ___ _ Cold rolled ______ --------------- •. .do ___ _

Fabricated structural steel: Orders, new (net) ______________ thous. of short tons __ Shipments ___________ ----- __________________ . .do ___ _ Backlog, end of month _______________________ _cto ___ _

NONFERROUS METALS AND PRODUCTS

Aluminum: Production, prlmary

1 domestic __________ short tons __

Estimated recovery rrom scrapEJ) ______________ do. __ _ Imports (general):

Metal and alloys, crnde ____________________ _cto ___ _ Plat<,g, sheets

1 etc __________________________ _cto ___ _

Prict>, primary mgot, 99%+-------------dol. per lb .. Aluminum shipments:

~1ill products and pig and ingot (net) ____ mil. oflh __ Mill products, totaJ _________________________ do ___ _

Plate and sheet ____________________________ do ___ _ Castingsb __________ ----------------. __ .-----.do ___ _

Copper: Production:

~1ine, recoverable copper.6, ____________ short tons .. RPfinery, primary __ . ______ ------------- _____ do. __ _

From domestic ores _______________________ do .... From foreign ores __ -----------------------do. __ _

f>pcondary, recovered as retlned _____________ _cto ___ _

Imports (general): Refined, unrefined, scrapEJ) __________________ do ___ _

RefineJ. ___________ ------------------- ____ do ... _ Exports:

Refined, scrap, brass and bronze ingots _____ _cto ___ _ Refined _______ -------_----------- __ ------ .do ___ _

Consumption, refined (by mills, etc.) __________ do ___ _ Htocks, refined, end of month, total_ ___________ do ___ _

Fabricators' ________________________________ _cto __ __ Price, bars, electrolytic (N. Y.) __________ dol. per Jb __

Copper-base mill and foundry products, shipments (quarterly):

7, 431 390 569 775

197 1, 218

820 250 139

931 298 451

2,602 802

1,189

339 '1:76

3, 252

145,081 32,571

18,648 1,682 .2710

318.9 218.3 114.6 69.1

90,41\5 121,3.14 89, '1:77 32,057 16,597

41,652 14,345

2.), 165 17,836

116,119 238,901 1'1:7,544

.3570

Brass mill products __ -- ________ ------- ____ mil. of lb .. ---------Copper wire mill productsEJl ___________________ _cto ____ ---------Hrass and bronze foundry products ____________ do ____ ---------

I~ad: Production:

;'.1ine, recoverable lead _________________ short tons .. Secondary, estimated recoverable$ ________ . .do .. __

Imports (Reneral), ore$, metaJ. _______________ do .... Consumption, totaL _________________________ _cto ___ _ Stocks, end of month:

Produrers.', ore, base bullion, and in processES

28,503 34,391 41,541

101,000

(ABMS) ____________________________ short tons__ 121,051 Hefiners' (primary), refined and antimonial$

short tons_ Consuna·rs·. totaL. _________________________ do ..... ~':crap (lead-base, purchased), all consumers .. do ___

Price, pig, desilverized (N_ Y.) __________ dol. per lb .. Tin:

Production, pi;>: (sccondary)ci' ____________ long tons_ Imports (for consumption), bars, pigs, etc _____ do __ _ Consumption, pig, totaL _____________________ do ___ .

Primary __________________________________ ... do ... _ Exports, incl. reexports (metal) ________________ do. __ _ Stocks, pi~ (industrial), end of month _________ do ___ _ Prir<·, pi!(, St-raits (N_ Y.), prompt. _____ dol. per lb.

~inc:

35,196 102, 6R8 59, 111 .1600

275 5, 894 8, 000 5, 550

112 18, 390 1.1026

Miw• production, recoverable zinc.6, _____ slwrt tons. 46,170 Imports (general):

Orcs and concentrates$ __________________ ... do ... _ 39, 827 Mdal (slab, blocks) ______________________ .. .do.___ 27, 580

Sin.b zinc: Production (primary smelter), from domestic and

fori.'ign orcs ___________________________ short tons __ Secondary (redistilled) production, totaL ... do .. __ Consumption, fabrieators', totaL ____________ do ___ _ Exports_____ _ _____________________ do ___ _ Stocke, end of month:

Produc<'rs', smelter (AZI) _______________ .. do. __ _ Con:"unwrs' ____ ·--··- ______________________ do ___ _

Price, prime \\'e.,wrn (St. Louis) ______ dol. per lb .. Zinc oxid(• (zinc content of ore consumed)

85,478 6 330

87:224 1, 091

70, 185 97,325 .1350

short tons.. 8, 136

r He vised. P Preliminary. & Basic ml'tal c-ontent .

7, 064 399 564 607

214 1, 166

788 240 129

915 263 406

2, 532 826

1, 130

404 298

3, 373

148,391 28, 164

21,478 1, 361 . '1:710

281.4 194.8 99.9 67.0

90,427 123, 197 84,899 38,298 22,171

60,226 14,970

49,408 39, 78U

112, 119 237, 157 121,842

.356.)

li05 405 225

'1:7, 109 34,498 56,095 89,700

118, 078

39,129 115, 8()5

57,020 - 1600

285 6, 28.~ 7, 270 4,895

120 19, 02[1 1. 0401

46, 445

45,425 46,452

91,496 6, 738

82, 272 413

68,622 100,665

.1350

8, 968

7, 809 380 573 777

224 1, 180

802 224 144

1,039 314 649

2, 674 847

1,232

298 262

3, 476

147,029 33,520

19,885 1, 252 . '1:710

330.4 234.8 126.0 73.0

93,210 137,362 98,401 38, 961 20,492

58,502 13,496

43,298 30,124

132. 754 228,268 112, 69ti

.:1553

30,229 36,009 54,063

101, 400

1211.975

40,059 118, 124

55,465 .1600

295 4, 746 7, 995 5,440

99 19,135 1.0135

49, 186

42,189 27,494

8li, 748 6, 704

90,490 496

78,974 90,500

.1350

9, 050

7,067 360 583 763

208 1, 085

713 235 127

905 287 529

2,347 731

1,083

266 278

3,436

119,059 30,471

17. 577 1,490 . '1:710

306.5 206.4 109.8 69.5

90,256 114, 263 83,239 31,024 19,821

43,088 14, 190

40, 981 29,769

7, 822 437 668 881

232 1,145

768 240 128

1,034 312 809

2,302 753

1,026

289 305

3,454

135,706 32,948

23,068 1, 774 . '1:710

343.9 229.8 120.1 74.5

95, 167 128, 046 92,103 35,943 19,372

55, 3~18 16, 155

57, 151 41, 376

112,335 116, 700 :m, 583 249, 583 101, 822 llO, 196

. 3258 . 3145

29, 136 38,283 33, 5'1:7 94,400

12.1, '1:76

44, 83:! 117, 554 56,5.15 .1600

260 3, 964 7,140 5,000

26 18,190 1. 0022

45, 847

41,314 24, 288

81,2:17 6, 841

80,752 503

86,889 88,232

. 1350

7,004

506 409 235

30,865 38,483 38.830 97.400

126,053

39, ~46 119. 375 49,716 . HiOO

265 5, 231 7, 400 5,110

243 18,420 . 9948

.)(), 420

42,296 22,761

89.860 7:064

78,384 987

89,357 89,626 .13/iO

7,820

7, 350 358 631 876

232 1,030

687 216 118

974 304 875

2,070 680 907

360 314

3, 417

139, 152 30,674

21,8:12 1, 364 . '1:710

338.9 238.2 126.8 68.3

94,443 130,943 92, 532 38,411 20, 178

58,292 11,815

liO, 077 32,315

6, 972 403 659 918

242 1, 005

692 188 114

1,020 327 3/iO

2,049 656 895

292 330

3, 417

145, 174 32,886

20,001 1,420 . 2710

342.8 249.0 130.0 65.1

93,274 133, 062 98,958 34, 104 22,661

48,377 19,687

44,775 28,479

7, 285 491 630 870

226 1, 046

689 233 116

998 388 391

2, 244 716 984

220 329

3, 220

138,007 30,341

21,222 1, 312 . '1:710

320.8 227.4 ll7.1 58.5

90,320 ll5, 660 88,091 27,569 19,999

40,963 9, 416

47,268 31,954

5, 877 273 634 792

192 752 489 172 84

859 218 460

1. 698 531 791

203 304

3,138

142,041 31,976

15,768 1, 545 .2710

370_0 249.0 130_6 52.2

84,757 109,296

83,'1:75 26,021 15.883

5.3,594 14,386

34,519 24,420

6, 230 '1:72 636 732

174 862 .569 188 97

914 250 494

1,895 550 900

167 333

2.962

143,449 32,555

14,183 1. 817 .2810

298.9 223.8 117.8 5.1.7

87,038 109, 791 80,7M 29,037 1n, 932

47,sml 10,212

28,135 23,435

123,973 122. 38G 243, 202 265, 432 106, 576 113. 58D

116, 567 80, 757 113, 180 273, 863 305, 763 309, 564 109, 979 120, 636 120, 901

. 3152 . 3129 . 3033 . 2869 . 2810

30,915 37,570 41,855 94,900

121, 691

49,348 112, 953

45, 647 .1600

295 4, 427 7, 590 5,060

260 18, 625 . 9930

29,855 36,750 34,382 94,000

517 409 229

26,717 32,672 48,064 90.800

117,022 120,706

54. 941 I 64. 065 106, 728 99, 652 46, 295 41, 762 . 15:!9 . 1432

2Gl 6, 223 7, 305 4,840

30 19,445 . 9832

266 3, 748 6,820 4, 555

26 19,200 . 9802

26,994 26,670 43,297 84,200

134,039

67,296 92,601 45,063 .1400

212 6,388 6, 470 4, 345

165 21,315 . 9646

'1:7, 496 33,908 41,013

101,600

122,340

60,029 116,624 43,633 .1400

271 5,171 7, 220 4, 83.,

116 21,950 . 9415

6,172 261 597 778

90 836 545 182 101

860 250 417

2,011 579 979

194 295

2,846

129,278 32,978

11,803 1, 77.5 .2810

302_3 215.5 llL3 58.7

85,629 100,265 74,395 25,870 14,897

42,390 10,486

21), 96.'\ 27,057

6, 551 263 641 764

143 896 617 163 110

889 264 370

2,319 651

1,147

177 331

2,683

.). 606 242 589 462

133 783 538 142 96

736 227 321

2,113 616

1,025

188 293

2,564

133,759 135,024 ---------

. 2810

318.3 232.6 123.1 64.1

'87, 753 ll5, 234 78,296 36,938 18,6.14

. 2810

87,940 1'1:7, 951 86,063 41,888 17,940

25, 103 35, 689 20, 076 30, 897

. 2810

108, 86-\ P128, 400 P\08, 460 293, 540 P270, 841 P28(l, 740 123, 942 PliO, 580 P125, 122

. 2644 . 2634 . 2634 .2632

'450 366 211

24,766 33,682 36,218 94,700

•28, 414 38,856

102.800

116, 093 111, 683

54,002 103,910 45, 877 .1400

271\ 5,490 t), fi(j()

4, 385 105

'23, 285 . 9331

.o8, 211 10[,, 634 49,495

. 13fi9

297

6, 985 4. 215

135 23,175 . 9184

23,308 ---------

102,401 ---------

.1350 .1300

136 --------­

. 8923 . -- ~ 9232-50,75.1 i 41i,060 44,521 41,849 41,319 33,8.)4 •39,350 34,967 ---------

45,630 30,037

89,791 6, 715

77,489 1, 201

10.), 531 84,648

.1350

6, 552

47, 619 20,376

90,032 6, 823

75,909 877

112,693 71, 124 .1192

7,833

41,6:13 2'J, 406

84,009 6, 710

73,404 822

133,455 70,632 .1136

7, 243

36,709 21,899

80,577 5,202

65, 123 3. 7(\9

146, 179 72,288 .1001

7, 599

41,048 22,568

78,845 5,321

74, 562 789

44,223 15,525

72,767 4,688

75,976 446

149, 296 153, 76fi 74,078 ' 71,919 . 1000 .1000

8, 630 fl, 554

76,349 .), 143

87,898 518 156

155, 925 ' 152,513 166. 655 72,111 --------- ---------. 1000 . 1000 • 1000

7,031 6, 603 ---------

..::.Revisions for aluminum e<1stings (19.15) and copper and zinc mine production (.lunuury-Au~ust 1956) will be shown Inter. d'Data in 1957 BFSINEss STATIST!('S represent total production (both primary and SPcon<lary).

s-34 SURVEY OF CURRENT BUSINESS .January 1!l!"8

Unless otherwise stated, statistics through 1956 and I 1956 ~~---,----,----,--,----,----1,95_7 ___ 1 __ -,----,-----,----,----

descriptive notes are shown in the 1957 edition of Novem-1 Decem J n I ~ b I I I I I I IS t I IN l D BUSINESS STATISTICS ber ber - :rr ~·~r;u- March April May June July August e~e~m- October bve~m- 'f:'~;:n-

METALS AND MANUFACTURES-Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Radiators and convectors, cast iron: Shipments--~~-----~-~thous. of sq. ft. of radiation~-Sto<>ks, end of month·--~---- _____ ~ ____ ~~_~~ __ .do~_~~

Oil burners: Shipments~_~~~~-~~~~~~~~~_~~~~~~~~~_~~~~~ .number~~ Stocks, end of month.~~~~~~-~~~-~~~.~ ____ ~-_~ .do. __ _

Stoves and ranges, domestic cooking, excl. electric: Shipments, totaL~- ___ --~ ___ ~- _________ ~- ~.number __

Coal and wood .. ______ ~ ______ ~- __ ~ ______ -~ ~.do~~-_ Gas (incl. bungalow and comhination) ... -~~do ___ _ Kerosene, gasoline, and fuel oiL .. -~~---~---~do ....

Stoves, domestic heating, shipments, totahB ..... do .. ~~ Coal and wood.--------------~---~--~---~-----do ___ _ Gas<Jl ...... ~ __ .. ___ ....... ___ . ~ -~~ _ ~ ~- ~ __ ~~~ .. ~do. __ . Kerosene, gasoline, and fuel oiL.~---~--~-~~-~~do ___ _

Warm-air furnaces (forced-air and gravity air-flow), shipments, total <f) ••• __________ ~~-.-~-_ ~.number __

Gas ___ ~----- ________ ~ ________________________ .do. __ _ OiL_-~~~--. ______ ~--~ .. ________ ... ________ ~ __ .do._ .. _ Solid fueL ...... __ .. __ .. ~ __ -~- ______________ ~~do.

Water heaters, gas, shipments.~~~-----~---~~---.do.

MACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly totals: Jllowcrs rmd fans, new orders .. ~--~~---thous. of doL_ Unit-heater group, new orders _________________ do ___ _

Foundry equipment (new), new orders, net mo. av!'. shipments, 1947-49=100~ _

Furnaces, industrial, new orders, net: Electric proces.<ing_ ~. _ ~. _______ -~ ~ _ ~ ~ ~ thous. of doL_ Fuel-fired (except for hot rolling steel) ..... do ....

Industrial trucks (electric), shipments: Hand (motorized) ______ ----~~---------- --~number._ Rider-type .. ~~~~~~ __ ~~ ______ ~~~-~-- __ ~ ____ ~ __ .do._~_

Industrial trucks and tractors (gasoline-powered), ship-ments.~ ____ ......... _____ ---------- _______ number ..

Machine tools (metal-cutting): New orders (net), totaL _________________ mil. of doL. Domestic._~- _____ -~ ______ ---------._ •. ___ ~.do_~ __

Shipments, totaL._------------------- _____ -~ ~do~~ __ Domestic .. _ ... ~ ____________________ ---~ __ ~.do. __ _

Estimated backlog_.----~-- ____________ ~-~-months._

Otlwr machinery and equipment, quarterly shipments: Construction machinery (excavating and earth-

moving) <Jl ___ ......... _ ~ ~ _________ ~ _ .thous. of doL~ Farm machines and equipment (selected products,

excluding tractors)ci' .. ______________ thous. of doL._

Tractors (except garden), total, incl. contractors' off-hi!(hway wheel-type tractors<;? <Jl_ .. ~units~_

Value<;> <fl •• -------- ____________ .•• thous. of dol Tracklaying<Jl_. ______ -----~ ~--~ ~-- ~ ~ ~ -~ -~~units

Value <fl. __ ~- .. -~-~-~-~-~---- _____ ~ thous. of doL_ Wheel-type (exc. contractors' off-highway)_~ unit$.~

Value ... --------~---------------~-thous. of doL

Pumps (steam, power, centrifugal, and rotary), new orders~--_. ___ ... ~-~--~---~---~--. ___ ~- thous. of doL.

ELECTRICAL EQUIPMENT Batteries (automotive replacement only), shipments

thousands.~ Household electrical appliances:

Refrigeration, output (seas. adj.) _____ .. 1947-49= 100~~ Vacuum cleaners (standard type), sales hilled

thousands~_ Washers, domestic s'lles billed.C, _____________ ~_do ... ~

Radio sets, production§ _________________________ do ... . Television sets (incl. combination), prod.§ ......• do ... .

Insulating materials and related products: Insulating materials, sales billed, index

1947-49=100 .. Vulcanized fiber products:0

Consumption of fiber paper __________ thous. of lb .. Shipments of vulcanized products ... tho us. of doL_

Steel conduit (rigid), shipments ..... ~---thous. of ft ..

Motors and generators, quarterly:

2, 589 4, 074

64,881 50,162

161,070 5, 537

149, 675 5, 858

259, 499 30,905

177,788 50,806

106,685 62, 987 32,:l03

4, 253 182, 266

121.0

1, 587 1, 767

565 501

2, 206

64.25 58.70 81.70 73.60

6. 7

s, 522

1, 756 3, 810

38, 729 50,329

134,878 4, 387

125, 139 5, 352

91,540 10,537 62, 144 18,859

76,426 47,479 21, 201

2, 625 153, 198

49, 24(\ 20,543

115.6

2, 095 2, 943

521 442

1, 977

57.20 51.90 85.15 75.05

6. 2

70, 26{)

94, 748

54,349 zo3,7m 11,694

103,474 41, 574 80,039

6, 838

2, 592 2, 265

136 151

300.4 281.0 357.9 298.4

1, 381.8 21,715.2 680.0 2 627.0

149.0

4, 240 1, 812

31,156

139.0

4, 464 1, 784

33,318

New orders, index _____________________ J947-49=100 .. --------- 203.0

50,155 51,859

Polyphase induction motors, 1-200 hp:, New orders ... ______________________ thous. of doL~ ---------Billings __ .. ~. __ .. ___ . ________ -~----- __ ~~_~ ~.do. __________ ..

Direct current motors and generators, 1-200 hp:, New orders .. _______________________ thous. of doL. ---------Billings ________ ~------------------~~-- ~-- .do .... ---------

10, 645 13, 293

1, 712 4,139

4.), 933 54,460

146,360 4, 178

136, 248 5, 934

89, 8-55 6. 379

56, ,j64 26,912

75,731 49, 228 23,737

2. 766 209, 953

1, 797 4,362

42,772 52,345

160,792 4, 716

149, 126 6, 950

90, 716 8, 021

55, 6f>O 27, 035

66,838 43. 708 20,870

2. 2(\0 202, 173

1, 803 4, 750

43,619 e.z, 532

178, 695 4,000

1o3, 668 ll, 027

105,041 9, 870

54, 011 41,160

74,608 51,030 21,540

2, 038 221,764

59,162 18,792

117.9 188.4 127.0

1, 809 6, 794

2, 062 4, 441 4, 581 3, 429

602 480

1, 837

63.25 5G. 30 7fi .. o5 67.55

6.0

2, 638

127

276.7 331.3

1, 085.5 450.2

154.0

4, 824 2, 017

32, 913

5.59 38.5

1, 610

58.20 51.10 77. 70 72.05

5. 8

583 4ll

1, 909

58.90 51.30 89.10 78.80

5. 5

81,189

180,828

87,023 277.945 12,867

ll9, 137 72, 643

130, 208

7, 654

1, 961 1, 254

151 151

300.9 312. 7 319. 6 286. 2

I, 264. 8 2 I, 609.1 464. 7 ' 559. 8

146.0

4, 302 1, 917

33,684

153.0

4, 387 1, 841

40, 916

209.0

49,467 49, 717

14, 947 13, 124

1, 723 4, 887

46, 782 65,070

164, 877 4, 716

1.53, 207 6, 954

103, .585 14, 232 55, 323 34.030

74,084 50, 125 21,793 2,166

232,705

1, 507 5, 435

46,081 73, 106

152,657 4, 669

140,339 7, 649

143,356 17,406 78, 250 47, 700

73,906 50,208 21,946

1, 752 228, 198

2,230 5,163

54,445 73,228

146, 449 4, 757

136,036 5, 656

161, 121 22,674

106,523 31,924

84,651 56,579 25, 527

2, 545 205,838

55, 786 21,525

101.1 136. 2 187.5

1, 089 1, 279 1, 261 1,320 I, 665 2, 048

606 455

1, 941

51.30 45.70 87.80 77. 65

5.0

618 429

1, 737

41.40 37.95 78.50 70.90

4.6

.536 433

1, 869

43.10 40.05 82.95 72.85

4.2

86,352

208,6.30

77, 781 261,2,12

11, :wo 105, 30fi 64, 638

121,049

7, 801 7, 786 8,228

1,178

136

281.6 230.7

1,115.8 361.2

145.0

4, 306 1, 799

25,303

1, 605 1, 878

138 135

231.2 207.3 254.2 282.3

1, 023.8 2 1,088. 3 342. 4 2 543. 8

148.0

4, 671 1, 983

30,410

140.0

3, 498 I, 488

45, 2.57

189.0

49, 188 52,321

8, 317 11, 740

1, 769 4, 745

51,299 64,102

133,939 3, 908

124, 151 5. 880

228,241 30,686

141, 644 5!), 911

85,681 .57, 773 24,450

3, 45~ 188.082

2,123 4,896

65,606 61, 761

179, 375 4, 497

165. 600 9, 278

297,206 38,676

!87, 472 71. 0-58

114, 751> 71,874 37,896

4, 986 205, 503

2, 551 4, 571

72,554 50,305

183,666 5,451

171, 121 7,094

314,653 43,344

206,328 64,981

140,797 88,628 45,498

6, 671 210,669

42, 517 20,620

98.6 231.3 113.9

727 1, 229

1, 487 894 2, 404 2, 673

611 420

1, 651

55.50 50.50 58.70 51.50

4.2

354 242

1, 926

44.50 40.40 63.20 58.00

4.0

476 302

1, 661

28.80 25.00 64.75 58.60

3. 7

72,170

169,098

50.906 HJ61 995

8,3·10 81.671 47.220 87,796

7, 143 6, 982 6,177

2, 469

140

218.3 335.1 612.6 360.7

127.0

3, 484 1,646

54,636

2, 856 2, 688

140 146

241.2 302.9 329.1 384.3 965.7 21,610.7 673. 7 • 832. 6

134.0

4, 184 1,605

36, 657

135.0

3, 748 1,640

32,492

174.0

44,640 45,146

8, 625 9, 347

2, 651 4,027

70,999 42,639

188,771 6, 227

175,627 6, 917

354,413 49,997

236,948 67,468

125,820 82,380 37,628

5, 812 230,690

145.3

1, 448 749 1, 400 1, 634

600 373

1, 639

'27. 80 '23. 65

60.90 53 .. ;o '3. 5

I

p 28. 40 p 25. 05 p 47. 40 p 41.45

p 3. 3

~--------I-~-------

--~-3;469~ ::::::::: ::::::::: 128,1531 ________ ~ 120,274 --------~ 142,391 -~-------

6, 158 5,838 ---~-----

'3,042

143

2,357 ---------

328.7 251.1 369.5 260. 5

1, 569. 2 , 1, 688. 9 ~ai,7ii6:o · 662.0 '574. 6 p1595. 4

133.0

3, 847 1, 732

35,044

3, 613 ---------1,692 ---------

112,945 '12,339 ~--------

I 1, 613 I 2, 328

'Revised. • Preliminary. I Data nre for month shown. 'Represents 5 we<'ks' production. 'Represents 6 weeks' production. $Revisions for gas heating stoves (1954, 1955, and January-August 1956), total warm-air furn3ces (1955 and January-August.1956), construction machinery (1st and 2d quarters of !956) and

tractors (1955 and 1st and 2d quarters of 1956) will be shown later. d' Not strictly comparable with data shown in the 1957 edition of BcsiKESS STATISTICS. Data exclude stipments of farm elevators and blowers; shipments of these products averaged

$8.5 million and $11.0 million per quarter in the first 3 quarters of 1956 and 1955, respectively. <;!Includes data not shown separately_ 0Data cover one additional company beginning December 1956. L':.Data beginning January 1957 exclude sales of combination washer-dryer machines. In 1956, such sales totaled 102.400 units; 1957 cumulatiw sales through 1\'o\'ember were 164.700 units. § Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for December 195"> and March, June, and September

1957 cover 5 weeks; for December 1957, 6 weeks; all other months, 4 wepks. 1 Data for polyphae.e induction motors cover from 28 to 32 companies; for direct current motors and generators, from 20 to 25 companies.

January 1958 SURVEY OF CURRENT BUSINESS s-35

Unless otherwise stated, statistics through 1956 and I 1956 I --,----,---.----,;----.----1-9,57 ___ ,---.----,----,---.---

descriptive notes are shown in the 1957 edition of Novem-1 Decem- Janu-1 Febru-1 I . I I I I August ISeptem-1 October/Novem-1 Decem-BUSINESS STATISTICS her her ary ary March Apnl May June July ber ber ber

PETROLEUM, COAL, AND PRODUCTS

COAL Anthracite:

Production _____________________ thous. of short tons .. Stocks in producers' storage yards, end ofmo .. do ... . Export,_----------------------------. _______ .. do ... . Prices:

Retail, composite _______________ dol. per short ton .. Whole~ale, chestnut, f. o. b. car at m!ne ..... do ___ _

Bituminous: t Production ___________________ thous. of short tons .. Industrial consumption and retail deliveries, total

thons. of short tons .. Industrial consumption, total. ______________ do .. .

Electric-power utilities ________________ .... do ... . Coke ovens _____ ---------------------- ____ do ___ _ Beehive coke ovens _______________________ _do ___ _ Steel and rolling mills _____________________ do .. . Cement mills ________________________________ do ... .

Other industrials. __ -------------------- ... do ... .

Railroads (class I) _________________________ do .... Bunker fuel (foreign trade) _______________ d~----

Rctail-dealer deliveries ..... _________________ do ... _

Stocks, industrial and retail dealers', end of month, total.. ______________________ thous. of short tons ..

Indu,trial, total. ________________ . __________ .do. __ . Electric-power utilities_. ____ ... ------ ____ .do ___ _ Coke ovens ....... -------------------· _____ do ... . Steel and rolling mills _____________________ do. __ _ Cement mills .... ---------------------- ____ do. __ _ Other industrials. ______ ----------- _______ .do._._ Railroads (class I) .. ---------------- ....... do ... _

Retail dealers._---------------------------- .do ... .

Exports ... _________ ----------------------- .... do ... _ Prices:

Retail, composite _____________ .. dol. per short ton .. Whoksale:

Bcrrening:-:, indust. use, f. o. b. car at mine __ do ___ _ Lnrge dorrteRtic sizes, f. o. b. car at minc ___ do ___ _

COKE Production:

Beehive ________________________ thous. of short tons .. Oven (byproduct)------------ ________ .. _______ .do ... . Petroleum coke 9 ------------------------------do ... .

Stocks, end of month: Oven-coke plants, totaJ. _______________________ do ___ _

At furnace plants ____________________________ do ..... At merchant plants _________________________ do ___ _

Petroleum coke .. _________ . ___________________ do ___ _ Exports. __ . ____ .... ___ ..... _._. _____ ._ ......... do .... . Price, beehive, Connellsville (furnace)

dol. per short ton ..

PETROLEUM AND PRODUCTS

2, 629 364 488

27.87 14.490

2, 342 342 658

28.99 15.575

' 44, 282 ' 39, 495

'37, 118 '33, 470 '13, 757

8 979 '339

4.57 7R6

8. 072

1,019 61

3, 64R

78, 97'1 77,806 46, 726 14,093

5RO I, 612

13, 9(i~ 832

I, 170

6, 312

1~. 27

.'>. 432 7. 604

206 6, 332

519

2, 442 2,003

4:39 312

63

14.50

'39, 044 '35, 071 '14, 469

9,383 '367

523 '838

8. 427

1, 037 27

3, 973

78,008 76, 886 45,9.16 13, 804

5~9 1, 576

14,061 860

1, 122

.1, 070

16.26

5. 433 7. 630

225 6,620

549

2, 326 I, 924

402 264

57

15.00

Crude petroleum: Wells completed .. ________________________ .number.. 2, 417 2, 335 Production _____________________________ thous. of bbL. '' 214,438' 228,6n Refinery operations _____________ percent of capacity__ 93 93 Consumption (runs tostil!s) __________ thous. of bbl.. 240,944 252,361 Stocks, end of month:

Gasoline-bearing in U.S., total.. ____________ do ... . At refineries ............ __ ........ ________ .do ... . At tank farms and in pipelines ____________ do ... . On leases __________________ . _______________ do ... .

Exports. ____ . ________________ . ___ .. ___ ._. ____ .do. __ _ Imports _________________________ . _____________ do .... Price (Oklahoma-Kamas) at wells ...... dol. per bbL

Refined petroleum products: Fuel oil:

Production: Distillate fuel oiL _________________ thous. of bbL. Residual fuel oil. __________________________ do ___ _

Domestic demand: Distillate fuel oiL _________________________ do ___ _ Residual fnel oiJ. __________________________ do ....

Consumption by type of consumer: Electric-rower plants _____________________ .do. __ _ Railways (class !) _________________________ do ____ _ Vessels (bunker oi\) _______________________ do ___ _

Stocks, end of month: Distillate fuel oiL _________________________ do ... . Residual fuel oiL _________________________ do ... .

Exports: Distillate fuel oi\. _________________________ do ... . RPsidual fuel oiL _________________________ do ... .

Prices, wlwlcsale: Distillate (N.Y. Harbor, No. 2fuel)

dol. per gal._ Residual (Okla., No.6 fuel) ........ dol. per bbL.

K(lrosene: Production __________________________ thous. of bbL. Domestic demand ___________________________ do ... . Stocks, end of month ________________________ do ... . Exports. ________ . _________ . _____ . _________ .. do ... . Price, wholesale, bulk lots (New York Harbor)

dol. per gaL

r Revised. P Preliminary. c Corrected.

275,995 70,416

184,477 21, 102

8, 551 28,993

2.~2

55,245 35,471

57,854 50,389

7,142 8,323 7,031

151, 517 44, 590

5, 213 2,282

.109 2.00

11,508 12,360 34,329

562

.115

266,014 71,721

173,278 21,015

10,.144 29,377

2. 82

61,413 39,922

71,394 54,381

8, 268 8, 712 7, 916

133,981 44,491

7, 959 3,226

.109 2. 2.5

II, 735 14,114 31,420

659

.115

2, 639 264 469

29.41 15.575

44,025

42,810 37, 037 15,669 9, 372

418 593 ~09

9, IP4

978 4

5, 773

72,973 72,135 43,409 12,796

5ll 1,377

13,245 797

838

4, 539

15.31

5. 467 7. 641

255 6,604

.572

2,096 I, 793

303 292

78

15.00

2,667 231,880

94 256,485

256,244 70,324

164,383 21,537

7, 458 26,568

2. 821

fl5, 662 40, 9ll0

92,960 60,868

9,904 8, &\1 7, 999

100, 572 38,403

7,035 4,110

.109 2.45

11,384 17,946 24,019 1,059

.115

I

2, 083 288 305

29.41 15.575

39,410

35,992 31,778 12.937 8, 476

405 481 718

7, 953

802 6

4, 214

71,307 70, 501 42,262 12,801

-191 I, 272

12,887 788

806

4, 758

16.31 !

5. 467 7. 641

248 5, 966

508

2,015 I, 765

250 337

61

15.19

2, 233 215,099

~I 226,461

256,344 70,613

164, 538 21, 193

7,909 23.621

3. 07

56,970 35,546

65,815 50,509

6, 963 7, 994 6,o:;s

85,105 36,201

7,634 3,466

.II9 2.45

9,874 12,153 21,013

892

,125

1. 807 365 363

29.43 1.5. 575

42,510

37,281 33,703 13,565 9, 397

429 475 773

8,192

865 7

3, 578

71,956 71,320 42,806 13, 254

199 I, 212

12,848 701

636

6, 295

16.32

5. 465 7.484

263

6,~~

2,108 I, 800

308 369

73

!.5. 25

2,164 239,214

90 249,445

251,911 70,370

162,363 22,178

14,100 27,669

3. 07

57,680 37,351

60,855 50,220

6, 570 8,421 8, 791

76,245 37,371

6, 956 3,853

.119 2.45

10,307 10.291 I 20,223

.::~I

2,048 385 362

29.21 13.671

41,670

33,369 30,750 12,237 8, 812

352 415 737

7, 430

729 38

2,619

73,335 72,684 43,984 13, 2k5

521 1, 231

12,976 687

G51

7, 45.5

16.26

5. 596 7.1351

215 1 6,221

521

2, !54 I, 758

396 345 64

15.25

2,144 226,231

87 232, 197

2o5, 796 74,950

169, 247 21,599

9,147 28,537

3.07

'>2, 934 33,964

45, 9Q1 47,202

6,474 7, 940 8, 205

78,743 37,,129

4, 761 3,494

.ll9 2.35

8, 520 (), 747

21.512 . 579

.125

2, 306 323 310

'1:7. 58 13.671

42, .oso 32, 208

'30, 534 12,322 9, 130

308 3R6 724

6, 925

685 54

I, 674

76,082 75, 324 4.5, 877 13, 903

550 I, 287

13,041 666

758

7, 605

15.94

5. 603 7.095

180 6, 451

592

2, 260 1, 766

494 372

71

15.25

2, .564 281 466

27.58 13.671

39,270

:JO, 770 29,268 12,210 8, 782

257 310 646

6, 392

614 57

1, 502

78,271 77,369 47,592 13, 978

1134 1,306

13,132 727

!102

7, 816

1.1. 96

5. 601 7.166

!55 6, 207

559

2, 296 I, 743

553 394

77

15.25

I, 486 308 289

27.98 14.036

34,620

30,810 29,280 12,443 9,033

229 307 442

6,149

621 56

1, 530

75,048 74, 106 47,.508 11,717

517 1,342

12, 357 665

942

7,300

16.07

5. S99 7. 282

'138 6,364

519

2, 42.1 I, 781

642 400 66

15.25

2,306 394 449

28.02 14, 105

43,030

32,888 30,769 13,034 9,043

249 309 803

6,610

671 50

2,119

77,662 76,672 49,085 12,504

M3 I, 371

12.505 654

990

7,446

16.14

.5. 597 7.405

r 151 6, 369

562

2,545 I, 829

716 401 87

15.25

2, 185 516 477

28.40 14.532

40,775

32,302 29, 759 12,469 8, 751

224 320 754

6, 577

619 45

2,543

79,813 78,803 ,oo, 488 13,002

506 1, 450

12,693 664

1, 010

6, 542

16.38

5. 572 7. 558

137 6, 159

553

2, 5(19 1, 816

78:1 435

81

15.25

2, 274 I, 938 532 510 329 240

28. 56 28. 90 15. 022 p 15. 090

45, 550

'35, 696 '32,113

13,521 8, 7'1:7

195 403 807

7, 787

626 '47

3, 583

81,383 80,449 51,238 13,938

487 1, 531

12,630 625

934

6,435

16. 52

'5, 575 '7. 611

'118 6, 157

599

'2, 764 'I, 947

'817 459 60

15.25

38,060

34,322 31, 126 13,345

7, 870 142 440 797

7, 880

607 45

3,196

81,330 80,342 51,070 14,002

462 1,573

12,617 618

988

5. 268

Hi. 58

p 5. 575 p 7. 654

90 .), 582

2, 963 2, 095

868

56

15.25

~~ ~~ ~oo ~~ ~~ ~m 230,696 213,202 213,052 210,379 •206, 967 212,650

90 88 ~ 90 ·~ M 217,760 236,002 243, 412 250, 847 237, 606 237, 143

275,963 284, 312 288,241 76, 502 77, 210 75,961

177, 653 184, H\8 190,058 21, 808 22, 934 22, 222

3, 703 3:1,466

3. 07

55,444 34, 196

:>2, 883 41, 902

!i,314 7,648 8,183

98,060 41,036

3,699 2, 933

.114 2.35

8,440 4, 327

25,374 373

.120

I, 745 33. 119

3.07

53, 180 33,033

31,970 37, 801

6, 238 7, 250 7, 737

117,364 45, 572

2,313 2, 544

.114 2.35

7, 617 3, 826

28,872 378

.120

1, 197 41,418

3.07

M,23fi 33,776

31,120 38,190

5, 510 7, 659 7, 9ili

138,359 49,H21

2,643 2, 516

.109 2.15

7, 718 4,948

31,713 28

.114

283, 388 280, 469 287, 517 75,841 74,575 77,737

185, 097 183, 044 184, 129 22, 450 22, 850 22, 651

995 41,149

3. 07

55,979 33, 754

33,674 39,380

5, 790 7,906 8. 315

1.o9,124 52,645

2, 447 2, 332

.105 2.05

7, 804 4,828

34,576 225

.110

739 32,873

3.07

53,164 32,987

38,362 35,569

5, 644 2 7, 687

7,874

173, 269 [,8, 727

1, 332 1, 574

.105 1.95

8, 284 6, 486

36.382 67

.IIO

1, 007 93

3.07

52,863 32,602

48,027 43,549

6,421

8, 101

176,388 60,025

2,022 2, 279

. 105 I. 7-5

6,684

7, 345

2,239 1,898

8.230 I 10,130 :::::

34.:l841_ - ----1 . ~:~ ' --- 1~9-

1 Revisions for January-Oetober 1956 (thous. bbl.): 223,125; 209,078; 225,645; 214,112; 218,942; 213,010: 219,<70; 223,035; ~ll,!ik!i; 2!.'>/•<0. 2 Revisions for February-SeptcmbPr 1951) (units as above); 8,22:1; 8,413; 8,108; 8,133; 7,8.51; 7,898; 8,138; 7,551. tr:evisions for January-October 19-16 for production and consumption will be shown b1.,'r. 9 Indndos nonmarketable catalyst coke.

1,836

36,290

15.25

s-36 SURVEY OF CURRENT BUSINESS

----·--------- ----- ----- ·----Unless otherwise stated,--~~tist;.,:·through 19~6 and I - 1956 ~--- -- -- 1957

descriptive nott>s are shown in the 1957 edition of Novcm-1 Det"Dt- Janu- 1' Febru- I I I I I I IS t I IN I D _ BU~~ESS STATI~-TIC~-- her b(:r ary I ary I !\lurch April May _.J_un_e_,__Ju_l_y--''-A-u_gu_s_t_,__ep_be_~_m_-_,_o_ct_o_be_.r__,_'_._b_~~-m_-_,__'_i,~_;rm_-

PETROLEUM, COAl,, AND PRODUCTS-Continued

PETROLEUM AND PRODUCTS-Continued

Refined petroleum products-Continued Lubricants:

Production _________________________ .thous. of bbL Domestic demand ..... _________________ ..... do .. .. Rtocks, refinery, end of month ............... do .. .. Exports. ___ . ________ . __ .-------_--------- __ .do. __ . Price, wholesale, bright stock (midcontinent, f. o. b. Tulsa) ______________________________ dol. per gaL.

Motor fuel: Gasoline (including aviation):

Production, totaL ________________ thous. of bbL Gasoline and naphtha from crude oiL ••. do ___ _ Natural-gas liquids:

Used at refineries (incl. benzol) ________ do ___ _ Used in other gasoline blends, etc _____ _do ___ _

Domestic demand ........................ .do ___ _ Stocks, end of month:

Finished gasoline ....... ········---------do ... . At refineries .. _----------------------- .do ___ _

Unfinished gasoline ...... _ ---------------do_ .. . Natural-gas liquids ....... ---------- ___ .. do .. ..

Exports (motor fuel, gasoline, jet fuel) ....... do ... . Pnces, gasoline:

Wbolesale, refinery (Okla., group 3).dol. per gaL. Retail, service stations, 54 cities ........... do .. ..

Aviation gasoline: Production, totaL ................ thous. of bbL.

100-octane and above ____________________ do .. .. Stocks, end of month, totaL ............... do .. ..

100-octane and above ____________________ do ... . Jet fuel:

Production ....•.• _ ........... __ ••••••••... do ... . Domestic demand .. ------------------- .... do ... . Stocks, end of month ...................... do ... .

Asphalt:0 Production ...... _________ .. __ ------------ __ .do ... . Stocks, refinery, end of month ............... do ... .

Wax:0 Production __________________________________ do ... . Stocks, refinery, end of month _______________ do .. ..

A'phalt and tar products, shipments: Asphalt roofing, totaL ____________ thous. of squares ..

Roll roofing and cap sheet: Smooth surfaced ..... ____________ .......... do .•.. Mineral surfaced. _____ .................... do ... .

Shingles, all types ________________ ........... do ... .

Asphalt sidings __________________________ ----- .do .. __ Asphalt board products _____________ thous. of sq. ft.. Saturated felts ___________________ .------ .short tons ..

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 ••• _____ •• ___________ . __ .... __ .. .do ... . Stocks, end of month __________________________ do ... .

WOOD PULP Production:

Total, all grades ________________ thous. of short tons .. Dissolving and special alp!ta _________________ do ... . Sulfate. ____ ................ ___ ... ____ . __ ._ .. do ... _ Sulfite ____________ ----------- .. ________ . ___ .. do ___ .

Ground wood._. __ .. _._. __________ ..... __ ... _do_ .. . Defibrated or exploded ______________________ do ... . Soda, semichem., screenings, dama!(ed, etc .. do .. ..

Stocks, end of month: Total, all mills .. ----------- .... _____ -------- .. do ... .

Pulp mills ..... _____ . ______ •. ___________ ..... do ... _ Paper and board mills ....................... do .. .. Non paper mills ........ _____ .... ---------- ... do .. ..

Exports, all grades, totaL ....................... do .. .. Dissolving and special alpha __________________ do .. .. All other. __ • ______________ . ____ .----------- ... do ...•

Imports, all grades, totaJ. _______________________ do .. .. Dissolving and special a!pha ................... do .. .. All other .. ----------------------- ............. do .. __

4, 970 3, 506

10,060 925

4. 870 3,491

10, 182 1, 197

4. 960 3, 774

10,412 919

4, 334 3, 382

10,308 1,004

4, 858 3, 374

10,428 I, 312

5,124 3, 653

10, 587 1, 248

5, 131 3,869

10,710 1,074

4, 246 3,037

10,591 1, 265

4,657 3, 897

10,313 981

4,704 3, 717

10,124 1,087

4,378 3,169

10,210 1,075

4,476 3,621 9, 953 1,065 ---i,ii43- ---------

.240 .240 . 240 • 255 . 255

117,398 125,199 123,678 108, 205 118, 591 102,635 109, 792 109,412 95, 114 103, 741

13, 145 13, 764 12, 702 10, 974 12, 296 1, 618 1, 64:l 1, 564 2, 117 2, 554

. 255 .205 .255 .255

113, 098 120, 892 119, 521 120, 506 98, 775 106, 630 104, 930 106,393

11,836 12, 158 11, 506 12, 414 2, 487 2, 104 3, 085 I, 699

112,113 108.096 109,295 96,694 113. 166 115,820 124,325 121,598 130,251

163,086 174, 6M 184,942 192,428 193, 540 188,649 183.064 177,997 166,654 85, 720 96. 081 106, 956 113, 355 109, 922 104, 636 99, 869 94, 597 88, 664 11,722 12,617 12,760 12,842 13, 176 12,758 12,030 12,066 11,214 22,934 20, 559 17,638 17,661 19,063 20, 742 24,818 27,259 28, 448

l •2,496

.115

. 215

9, 218 7, 269

11,781 7,362

5, 316 5, 685 4,576

6,572 7, 755

44fj 611

3,898

729 897

2, 272

121 1, 319

68,259

'4,200

.115

. 215

9, 596 7,340

12,435 7,439

6,031 5, 304 5,322

4, 90.1 9,150

477 658

2, 165

391 498

I, 275

66 655

50, 66<~

'3, 619

.115

.227

9, 413 7, 788

12,815 7,696

6, 207 6, 552 5,185

3,1l18 10,381

460 661

3,895

818 872

2, 205

103 1,335

78, 270

•3,003

.125

. 225

8, 24~ tl, 299

12,918 7, 4:J8

5, 830 6, 766 5. 326

3, 909 11,314

376 632

4,142

916 949

2, 277

91 1,144

79,454

'3,512

.125

. 220

9, 611 7, 999

12, 615 7, 582

6, 800 7, 941 4,868

5, 491l 12,972

499 670

3, 342

624 708

2,009

74 2,165

67,375

'2, 117

.125

. 222

8, 824 6, 993

12,397 7, 285

6,203 6, 478 5, 322

6, 538 14,606

473 707

4, 449

761 891

2, 797

80 1, 843

78,501

2,081

.125

.222

9,573 7, 289

13,010 7, 721

5, 813 6,120 5, 656

8, 303 15, 160

468 706

3,998

621 866

2, 511

65 3, 414

68,191

PULP, PAPER, AND PRINTING

3, 094 2, 840 3,001 2. 638 6, 030 6. 229

3, 255 3, I:l7 6, 409

3,137 2, 827 6, 719

3,129 3,080 6, 766

2, 716 3,025 6,449

2,826 3,094 6,155

2,458

. 123

.222

9,461 7,188

13,085 7, 873

4, 412 4, 333 6,321

9,012 14, 435

421 728

4, 558

719 963

2,876

76 2,088

70,228

2, 884 2, 905 6,078

'1, 744

.116

.223

9,862 7, 682

12,889 7, 716

5, 514 7,122 5, 470

9, 789 11, 509

446 706

5, 433

862 1, 148 3,423

81 2, 233

87,652

2,986 2, 642 6,385

.255 .255 .255

127, 794 122,960 122, 103 112, 116 108, 675 107,323

13, 171 13, 193 13, 424 2, 507 I, 092 1, 356

128, 808 113, 567 119, 329

162,810 170,056 11\9,988 85, 468 89, 184 87,922 11, 221 10, 632 10,914 29, 092 29, 271 27, 838

2,314

.118

.223

10, 176 7,834

13,012 7,815

5,260 5, 832 5, 248

10, 505 9,970

430 658

5,917

989 1, 290 3,638

101 2,019

III, 718

3, 276 3,047 6, 706

2,395

.120

.214

9,208 6,326

13,332 7,885

3, 702 4,0fi4 5,042

9, 318 8, li86

462 662

5, 467

955 1, 264 3,248

115 1,835

78,464

2, 941 2,81\8 6, 7lh1

2,086

.126

.220

9,542 7,49.'i

13,712 8,497

4, 723 5,493 4,681

8,085 7, 863

498 655

6,090

1,087 1,468 3, 535

133 2,145

90,291

'3, 226 '3, 196 '6, 697

2,629 ---------

. 219 . 217

3, 731

689 927

2,114

81 l, 308

65,173

2, 76S 3 006 r;, 456

726, 934 652, 625 718, 128 637,049 523, 759 546, 391

699,!\47 720, 736 519, 590

678,028 720, 815 724. 292 6so, lfA n1, 369 725,959 -734;7io· ·r,sii;siii- -iiia:7iii- ·723;279- -7i3~496- ·7s2:o49- -679;649- ::::::::: .517,109 506,251 504,557 496,039 481,179 505.401 475,135 462,-117 473,977 487,942 ---------

1,856. 5 81.7

I, 032.0 215.9

255.4 89.4

182.1

934.4 219.5 610.6 104.3

51.2 10.4 40.8

190.4 13.3

177. I

1, 672. 6 1, 904. 6 72.7 82.6

920.0 1, 061. 0 200.8 226.9

231.5 78.0

169.4

912.0 189. ,; 617. I 105.4

52.9 16.4 36.5

177.1 11.0

166.2

262.6 90.1

181.5

884.0 208.8 S75. 3 100.0

48.7 14.5 34.2

178. 1 12.2

165.9 I

1, 709. 8 1, 893. 7 83.6 92.0

915. 6 1, 037. 3 207. 5 220.9

244.0 91.2

167.8

871.5 206.6 564.3 100.6

41.7 17.2 24.5

186.1 9.9

176. 2

267.2 96.7

179.6

869.8 206.9 561. 1 101.8

76.1 17. 1 59.0

173.9 I:l.5

160.4 I

1, 840. 4 I, 900. 7 93.9 93.2

993. 1 1' 0.52. 9 225.5 211.0

263.6 95.4

168.8

859.8 209.2 544.0 106.6

50.4 14. I 36.2

168.6 ll. 8

156.8

264.3 9.5.6

1S:l. 6

879.2 218.2 556.5 104.5

57.1 23.9 33.3

176.5 10.0

166.5

I, 776. 1 82.7

981.7 201.2

248.2 96.3

16r;.o

8f;2. 5 222.2 535.3 105.0

59.7 23.0 36.7

16;1.3 11.5

151.8

1. 590. 2 1, 894. 9 74.7 80.1

857. 5 1. 063. 2 182.3 210. 2

232.0 88.3

15.5. 5

879.1 213.0 .559. 7 106.3

58.4 25.9 32.6

173.7 11.4

162.3

251.3 100.4 189.8

873.0 213.7 556.1 103.3

46.2 18.1 28.1

184.3 9. 2

175.0 .

1, 742.8 •1,961.1 78.8 91.4

9!\9. 0 1, 086. 9 192. 1 '234. 3

227.4 96.5

178.9

8.12.1 200.3 553.4 98.5

48.7 26.\l 22.7

174.3 10.0

164.4

246.2 106.5

y 195.8

'880.3 '217. 6 'li64.3

98.5

36.8 16.3 20.5

1, 848.7 87.0

1, 037.3 208.8

237.2 94.0

184.4

907.7 242.7 561.5 103.5

39.6 12.9 26.7

'Revised. • Preliminary. t Revisions for July-October 1956 are as follows (units as above): 2, 414; 2.0ll; 2.530; 2,198. 0Asphalt.-5.5 bbl.=l short ton; wax-1 bbl.=280 lb.

January 1H5S SURVEY OF CURRENT BUSINESS s-37 ---·-------

~~;~ •• otherwise s~te~,- statistics through 1956 -and I I SaG I - I957 descriptive notes are shown in the 1957 edition of Novmn-1 Decem- Janu- I Febru-1 I · I' I BUSINESS STATISTICS • her her ary ary March April May June July I August I Septem-1 October I Novcm-1 Decem·

ber ber ber

PAPER AND PAPER PRODUCTS

All paper and ho<>rd mills, production: Paprr find hoard, totaL_. ______ thous. of short tons __

Paper ---------------------------············do ... . Paperboard .................................. do ... . Wet-machine hoard __________________________ do ... . Construction paper and hoard ............... do ... .

Paper, excl. building paper, newsprint, and paperboard ( Amcriean Paper and Pulp Association):

Orders, new\! ................ thous. of short tons .. . Orders, unfilled, end of month 9 _____________ do ___ _ Production .... ------------------------------do ___ _ Shipments 9 ------------------------------- •• do ... . Stocks, end of month\! ----------------------do ... .

Finr paper: Orderf', new ---------------------------------do ___ _ Orders, •rnfilled, end of month _______________ do .... Production _____ ----------- __________________ do ___ _ ShipmPnts ...... ____ -------------. ____ . ___ ... do ... . Stocks, end of month. _______________________ do ... .

Printing paper: Ordt?rs, nrw ------------------ _______________ do ___ _ Or<lo'rs. unfilled, end of month _______________ do ... . Production .. _. ___ . ____ ----- ______ . __ ........ do ... . Shipments __________________________ .......... do ... . Stock~\ f'nd of nwnth __________ ----------- ___ do ___ _ Pric~, whol":sale

1. book p~per, "A" grade, English

fin"h, wlute, . o. b. miiL ...... .dol. per 100 lb .. Coarse paper:

Orders, new __________________ thous. of short tons .. Orders, unfilled, end of month _______________ do ... . Production .. _____ ----------_. ___ •. _ .... __ ._ .do ... . Shiprrwnts ___________________________________ do ... . Stocks, end of month ________________________ do ... .

Nrwsprint: Canada (incl. Newfoundland):

Production .. _______ .. _______ .----.----. ___ .. do ... _ Shipments from mills ________________________ do ... . Stocks at mills, end of month ________________ do ... .

United fltatcs: Consumption by publishers •...•..........•. do ___ _ Production ___ ... ___ ._----------. ___ ......... do ... . Shipments from mills ________________________ do ... . Stocks, end of month: 1

:U ~~~fis!le-fi_~::::::::::::::: :::::::::::: :~~:::: 1 In transit to publishers ____________________ do ....

I

~~;.w~~t,~J18; -.;o,;t;fficii; delivered 'i<>l;rili,;ii)r>!':,~;-!" ·1· dol. p<'r short ton ..

PapPrboard (National Paperboard Association): I Orders.'"''~ -------·------------thous. of short tons __

1 Orclnrs. nnhllnd, end of rnonth _________________ do ____ , Production, totaL _____________________________ do ____ j

Pt'I"Ci'nt of ac-tivity----------------------- ________ --! Pa.pt'r products: i

.C:hipping containers, corrugated and solid fib('r~

1

. shinmrnts _________________ mil. sq. ft. surface arra __

F0lding paprr box()s, index of value: -"''"' onh<rs. ____________ ... _____ ..... 1947-49= 100. _ ~l.ipmonts .. _ --------------------·----------do ....

PRINTING

n:.?~tgg~~;:~~~':.~.~~:~I:_·_-_-_-_~--~~~--~~~~e:~~~-~~~~~~~~::l

PULP, PAPER, AND PRINTING-Continued

'2,603 '1, 179 '1, 187

'13 223

815.5 738.2

1,0.34.6 873.7 429.8

120.2 99.3

134.3 130.3 100.4

:J22. 8 4:10.6 364.9 364.6 1fJ0.8

1,). 38

:ll9.1 160. I !l:l0.6 !l22. 4 100.8

559.5 .>43. 5 138.2

467.7 142.5 142.4

8.8 li!O.O 112.3

487.3

130.!0

1, 14U. 4 I 407. g

1, 181. !l ~ll

&, 286

170.7 193.3

2,358 1, 091 I,07l

12 I84

780.8 696.1 9fJO. 3 823.2 415.5

109.4 86.9

126.9 124.9 115.4

333.0 406.5 344.9 !l4:l. () 167.5

15. as

290.5 163.3 298.4 301.6 97.3

514.2 M2.4 100.1

44!). 6 139.2 137. 7

10.2 52:1.5 112.2

104.2

1:30. 10

l. 148. (i 419.4

l.l1-Cl 82

7, 25:l

191.3 181. 2

2, 672 I, 217 1, 211

13 23I

873.7 693.6

1, 061.2 885.3 494.6

ll8.3 68.9

133.8 135.9 105.6

364.2 422.2 :162.0 :15;~.1 202.6

15.38

334.6 156.6 :l44.1 :l:l4. 5 12.1. 1

558.6 513.6 145.0

407. o I 157.7 158.9

8.9 551.I 113. 1

447.4 I 130.10

l. 15:l. 2 471.7

1. 125.7 91

7, 947

193.3 173.6

2,432 1,104 I,090

12 226

794.0 669.1 957.2 798.1 503.9

131.7 79.6

125.0 127.8 133.4

:;o8.6 an;. 5 :;23. 5 :;21.0 202.3

15.38

!)02.1 148.2 :JOs.o 297.4 107.8

518.9 510.9 153.1

387.2 150. 7 I 151.6

8.0 1 591.7 119.6

429.1

130. 10

1 088 " I ! 454:3 1, 094.6

94

7,3!;51 I

194.9 1 171. g

2,655 1,183 1, 224

13 235

905.7 720.3

1,021.3 81i9. 9 519.9

133. 1 78.7

139.6 134.8 13:l. 4

388.8 435.2 :149.8 348.2 220.7

!.). 38

322.5 157.4 318.5 320.:1

107.41 574.2 526.5 200.8

463.3 164.4 161.2

2,602 1,169 l, 180

13 240

830.9 706.9

1,008.6 849.:l filS. 2

134.0 70. 1

!35.1 140.0 13(i. 7

336.9

4:l9. 51 341.7 :J4J. 0 216. I

I 15.38 i 302.3 1 148.7 :J12.o 1

310.61 108.?

554.8

~::~: i I 442. :l 1H2.4 162.6

oM:~~- r.g:?; 107.8 100. g

427. g 4.\9. 4

1:33.30 I l:l4. 40

1,208.4. 1,211.3 408. 31 49:1. 7

1, 221. () 1, 189. 8 [141 92

8. 227 7, 987

207.4 18tl.6

212.9 185.5

I

2,6fi4 1, 172 1, 2.17

12 243

8fl3. 9 685.4

1,007. 5 859.5 504.9

1.5.>.4 77 .. )

136.7 J!iO. 2 139.3

o59. 9 426. 1 a52. 1 351.3 208.7

15.88

2\10. () 137.6 :309.4 304.0 103. g

57a.O 574.3 2Hi.O

466.0 171.2 172. ,)

0.6 5SU. 7

UG. 5

4t0.1

134.40

1.228.3 384.1

1, 259.7 g:;

8, zu1 I 206.7 I87.0

2,512 1, 110 1,147

15 24I

802.6 680.1 958.9 794.9 1\71\.2

114.7 70.6

125.0 123.3 121. 7

346.6 42.5. 7 336. 4 :l:l6.0 209.0

Ifi.SS

292 .. ) 143.5 289.8

'2&5.1 117. ()

582.0 548.5 !99. 6

4:l3. 9 159.1 1ii6. 8

11.9 585. () !01.8

411.5

134.40

1, 122. g 37J. 7

1, !42. ,5 91

7, 739

I90. 5 170.4

1, 13.5 856 :l67 825 856 1, 176 813 915

2, 243 998

1,005 10

231

764.8 721.4 858.8 716.2 471.3

ll7. I 89.3

101.7 97.9

109.5

326.4 441.1 :n4. s 314.8 208.8

15.88

277.2 150.5 2S2.1 258.9 I20. 6

549.2 .>i8. 8 Hi9. 9

37:5.5 144.4 143.1

1:l.2 (i53. 4 101.5

495.0

134.40

!, 114.5 506.5

1,000.8 77

192.7 167.7

2,668 1,151 I,238

16 263

'799.6 '704. 9

'1,001.4 '837. 7 '479. 1

'119.1 r 83.2

'132.8 '128. 1 '106.8

318.8 428.0

'343. 6 337.8 214.1 1

15. H8

':l14. 6 '11.5. 4 '315. 3 '319.0 '10.5. 5

.)60. 3 o24. o 206.2

3RG. 4 15fi. 5 153.7

15.9 704.9 100.6

404.1

134. 40

1. 240.8 418.3

1, 287. 9 94

9, 02S

203._0 1 192.4

I

2,519 I,061 1, 191

12 255

'7G4.7 'l\93. 9 '926. 6 '772. 4 '484.0

'106. 7 , 75.5

'127.7 '117. 1 '110. 8

'310. 3 '421. 5 '308.3 '305. 2 '217 .. )

'2, 796 '1,201 '1, 304

13 '277

~46. 2 700.8

1,05B.9 SfJO. 4 499.6

ll5.1 ()9. 5

13.1. 4 124.4 l14. 2

2, 549 1,110 1,194

12 233

m:~~:::==:::::==:::: :l47. n _________ _ 220. g

15. SR 15. 8~ "Iii. 88 .

'301. 5 '159. 0 '291 .. ) '302. 4 '102. 5

4~(i.6 512.9 179.9

434.3 133.8 132.7

17.0 (i73.4 107.7

413.9

134.40

1, 227.7 547.0

1, 161. I 91

8, 407

2ll0.4 190.3

32,). s 159.2 3:Jfi.;; 332.11 10.5. 2

fi4B. 7 M4.4 184. 1

46.\. ·I 14\l. 8 145.3

18 .. \ 665.2 87.3

134.40

1, 347.0 481.3

1, 34,). 7 97

9,012

20fi. 4 211. I

-!-------- :11: -----·-- --

50~. 91 .520. 5 168. t\

4.53. 0 140.4 !4:l. 1

u~~: b I ~4 ~ I.

p 134.40 !-I, 130.0

3fi5. 2 1,240. 7

92

8.110

183.6 184.7

134. g 471.0 13'2. 5

136.3 138.7 135. l

19.3 5%.4 79. (j

1,0~5.1 37fi. 2

l. 0.51. I 7'J

li, Sl:i

li:3. 7 178.11

794 0 926 1, 132 !, 176 -219 156 187 204 232 -,.._.ew editions __________________________________ do ____ j

1, 0131 u5·y3i 'r I. 113 1, 336 1, 4081_- -.

---'--------------

1, 308 1, 058 489 1, 065 I, 104 I, 4631 1, 010 I 1, 176

173 l 202 122 I 240 248 I 237 I 197 261 I _ _.:_ __ _:_ __ 1 ___ _:_ __ _:_ ______ _:_ __ ...:_ __

RUBBER AND RUBBER PRODUCTS

RUBBER I ~a tum! rubber I

Consumption. ____________________________ long tons.. 42,859 Stocks, end of month __________________________ do ____ 106, 3lti

45, 130 116, 409 57,653 Imports, including latex and guayule .......... do.... 4g, 886

Price, wholesale, smoked sheets (New York)

Qynthetic rubber: dol. per lb ..

Production ____ --------------------._ ... _ .long tons .. Consumption ___________ ----------- ___________ do ___ _ ~tacks, cud of month __________________________ do ____ l Exports __ .. ____ ._ .. __ ------ __ -----._. __ ... _ ... do __ ..

Reelairncd rubber: Prod net ion. ___________________ • ________ ._. ___ . do .... Consumption .. _____________________ • __________ do __ ._ t:ltocks, end of month __________________________ do •...

' Revised. • Preliminary. 9 Data exclude estimates for "tissue paper."

. 345 .36fi

83, roi4 9:J, 764 71, !l97 ' 72. 2(,()

1!)9, 3:!4 202. 591) 6, 726 19, 271

20,009 20,793 3G.Oil3

20,548 20,698 34,969

52,631 101,758 46, :l49

94,277 8.). 490

19:3,724 17,289

25,053 24,053 34,-"52

46,427 100, 253 ~17, 487

8.1, Zl5 77, 2{10

184,808 16,878

48, 2()3 97,820 42, 160

.:us g:;, 916 ~1, 050 '

181,81:3 18,101

21' 896 25, 051 22, 773 2•! Q:l3 :l2, 010 I :Jo: 975 .

45,368 102,796 59, sgo 1

.3zt I

82, :Ho I 76, 355

17!l,(ill 1!l, 96fi I 22.878 I 23, 1_451 :;o, 2f,S

46, 511 98, 717 .52, 566

. 328

1!.5, 014 go, 242

!7:\, 441 10,009

24,859 23,816 29,847

41,282 90,694 30, 291

.333

84,413 70, 456

173,170 17,584

22,402 21,352 30.379

39, 789 98,871 44, 7GO

.:l29

80,951 69,044

153,648 19,817

20,444 19,676 29,972

44,932 99,093 48, 95I

.324

93,422 79,272

Hil, 638 18,029

20,423 22,429 28, 521

43, 67,5 ' 48, 782 4:l, (\96 -- •. -.• --103,243 '102, 496 97,754 --····· 44, 1~8 --------- --------- -

.301 .295

\14, ,537 106, 401 77, 551 '88, 820

160, 507 '164, 705 14, 696 16, 6li7

19, 892 ' 26, 407 21, 704 ' 24' !l25 25, 983 ' 27, 171

.265

!O!i, 030 75,270

178,848 16, 549

22,031 20,432 27,801

-285

s-38 SURVEY OF CUHHENT BUSINESS

---------

ud~:ri~~~~~,.~~~-st;~~h~~~sl~s~~~ri'~ft e!l;~fo:"o~ ~~--N - _1~~-sD-~~--- J -· I F b. I I I --~-___!_!!,57 J I ' I - . - I BUSINESS STATISTICS owm- ec,m- ann- 0 lll- Harch April May June July August Scptem-l October :'\oH•r,J- Decem-

_____ '_' __ ' 1 ocr ber ary--'~----·-------------·-----------~---~---1- b_"'· __ :_~-

RUBBER AND RUBBER PRODUCTS-Continued

Pneumatic casin::~ES AND TUBES --·-- -------- -- --~~-----~------.-~-----,,-----,-I------.~~1~--,~---;---,-----~-Production _____________________________ thousands_ :

1

! .:

3•7,_._6:'~·a}3~fi', 8,.556 9,504 9,169! 9,760[ 8,950 9

9

,,4

1

9.'0

11

I 8,489

1

1 8,443 8.917 8,641 9. 708 8.248

1

___ _

Shipmcnts,totaL _____________________________ do___ 7,548 8,874 8,5391 9,11~ •

1

· 9,3811 ,, 9,310 9,840 I 9,833 7,723 811\~ i 7,171 ___ _ Origina!equipment_ ________________________ do___ 3,579 3.496 3.3t\1 I 3,:ls1 3,246 3,;·.~.382, I 2,993 3.0G8 3,214 1,il88 •2:621 I 3.398 ---

~i~~~~~~~:~-~~u!~~:~~--~~~::::~:::::::::::g~:- :·13.m I a.~g~ .s.m "·m l .s.{;~ i 5,i~¥ 134 "·m i "·~i~ I 6.t~~ 5,i~~ ·.s.i~ I 3.n~ ~-: stocks,endofmonth __________________________ do __ 1

1 18,81!3

1

10,872 20,41 ~~ '· 21,111:1J~ 1,, zt.r.:.r 1 21, 230o~ 'i 21,61 3·''~~ zo,·1,s2r1

19,312

,,(,1· 18,4

1•3,·9, 19,3

19234

2o.91~o6· 22._1_71 ___ -_

ID;;~;;;~~~::::::::::::::::::::::::::::::::::::~:: 11

1

2,::: I 2, :~: 3, 36: i 3, 36: l 3, 822 3, 42: II 3, 54: 3, 025 2, 941 I 3, 134 3, 365 3, 7:4 3, 243 ---2.736

7, 444 83

Shipmcnts ____________________________________ do__ 2,'7921 2,837 3,~29! 3,201 I 3,397 3,104 3,214 3,472 ~,7081 3,683 :3,483 3,172

Stocks, end of month _________________________ .do._ --1 6, 250 6, 109 5, 789 i 5, 960 I 6, 540 1 6, 969 , 7, 422 6, 946 6, 287 5, 966 6, 174 6, 909 I Exports _______________________________________ do____ 53 76 321 781 76 1 90 1 80 75 63 74 77 100 I ·-----------------''------''---------·----·------------'----·---'--·---'------'-------------

STONE, CLAY, AND GLASS PRODUCTS ------------------;--------------,---

'

PORTLAND CEMENT

Production, finished cement_ ____________ thous. of bbL 2.5, 869 Percent of capacity ____________________ .______ _ 98

Shipments, finished cement _____________ tllous. of bbl 22,906

St~~~~£.0~~=-~-~~~~~----------------------- ____ do __ . i 15,973 Clinker ________ ~~~~--;~~~~~~~-----------do_ I 7,476

Bi~~d::~i\~~~~:~~~~=~~i-~l-~~gu;~~~~tandard brick I t\48 067 Bhipmentsc/' _________________________________ _cto_ .I 5t\9; 763 Price, wholesalf', common, composite, f. o. b. plant I

dol. per tllous _ 30. 718

Clay sewer pipe and fittings, vitrified:cl' Production ______________________________ short tons i 197,716 Shipments ____________________________________ do __ ·.11m, 077

St~~~~~;~fi~~~:~n~l~~e~~~----------------------do - . 71,140

Shipments ___ ~~~~~-~~~~~~~~--------- do _ I .07, 883

I n. s95 Glass containers:

Production __________________________ thous. of gross

Shipments, domestic, totaL ___________________ do_ __ 10,038 General-use food:

Narrow-neck food_------------------- _____ do___ 848 Wide-mouth food (incl. packers' tumbiPrs, jelly

glas~'RS, and fruit jar.s) ________ thou~. of gross__ 3, Ot15

Beverage ______________ . _____________________ do __ . Beer bottles ________________________________ .do ___ _ Liquor and wine ____________________________ do ___ _ Medicinal and toilet_ ________________________ do __ _ Chemical, household and industriaL ________ do ___ _ Dairy products _____________________________ .do __ _

Stocks, end of month _________________________ do. __

GYPSUM AND PRODUCTS

Crude gypsum, quarterly total:

509 52b

I, 524 2, 512

841 211

13, 2',)6

24,429 83

17,990

22,440 9, 443

543,191 437,895

30.863

179,671 119,949

Gl, 768 51,275

10,32.1

9, 421i

765

721 667

I, 088 2, 459

802 201

13,897

Imports _______________________ thous. of short tons.. 1,012 Production___________________ _ ___ do 2, ~63

Calcined, production, quarterly totaL __________ do ____ --------- 1,861

19, 3~~ i 17,827 6(\

15, 2i4 11,9271

29, 828 32, 332 14, 337 I 18, tl25

: 437, o92

1

1 400, 7 58 314,030 370, 935

30. 863 30. 814

Jtl(i, 580 II HS, 23f> 107, 907 Ill, 676

54, 44 7 I 49. 9o2 46, 451 44, I 70

11, ():)i 11, 057

10, 022 9, 7\()

948 892

2, UD7 2, s-n 484 577 963

2, 902 967 184

14,976

515 ' 508 •

1 I, Ofil 2, 791

942 158

Hl, 107

22,642 76

20, 757

34,277 21,621

4(i7, 798 454, 575

30. 814

15~. l.ol 133, 298

57, 747 .II, 984

12,617

11, 109

1,100

3, 049

79~) 88\l

1,190 2, 899 1, 024

159

17,318

23,967 83

23,351

34.893

2.1. 620 I

5:l4, 682 523,085

30.814

15.'3, 240 l'l9, 420

52, 258 47,677

27,485 92

29,203

33,176 22,539

5fi4, 799 58.1, 612

30.814

162, 5.'}1 152, 142

53, 688 51,580

II, 695 12, 50.5

11,021 1 12,611

1, 091 1,182

2, 9G3 3, 435

951 \lll

1, OGO 2, 810 1, 070

149

17,793

1, 351 1, 300 1, 064 2, 842 1, 268

169

17, 439

704 ---------1, 956

1, 7871 ------ --------

26,462 91

29,758

29,885 20,550

577,448 567,339

30.914

149,829 1.>1, 929

58, 258 56,386

12,747

12,081

1, 238

3, 425

1, 403 1, 333 1, 157 2, 470

880 175

17,860

1,161 2, 326

1, 983

20,287 67

2.>, 827

31,406 104

31i, 732

30,884 104

30,707

30,121 I 98 I

31, 164 I

25, 0141 ________ _ 84

21,039

24,34.5 20, 018 '20, 250 19, 213 23, 188 17, 979 13, 881 ' ll. 016 9, 444 11. 303

593, 044 625, 020 '583, 681 G09, 478 634, 291 , 569, 602

611, 704 602, 404

30.914 30. 81G 30.816 30,816 • 30.816

153,639 157,908 143,587 172,625 153, 730 168, 799 150,045 165, 068

62. 183 54, 320 • 46, 081 49, G28 57, 873 50, 904 ' 45, 82.5 49, 256

\2, 565 f14, 090 12. 21ll ' 13,089 11, 366

12, 194 17, 867

I, 350 2, 501

3, 604 5, 811

1,177 1, 397

905 2, 619

9tl3 179

17,955

818 1, 343 1, 835 3, 882 1, 367

3\0

13,866

9, 110 12, 4tli 11, 787

1,554 1,398 1,085

2. 72') 3, 604 3, 38t>

350 495 832

2, 288 67(i 195

16,688

'1. 316 2, 509

•2, 1:10

371 773

1, 546 3,513 I, 056

206

16,943

59'! 7G.5

1,441 3, 278 I, 004

234

16.128

Gypsum products sold or used, quarterly total: Uncalcined uses _________________________ slwrt tolls __ --------- 926,693 tlti3,2371 ________ --------- 779,7071------------------ 793,531 --------------------------

Industrial uses ________________________________ do ___ 1--------- 8:1,2251-------- --------- 79,582 ------------------ 78,948 ---------1----------------8.3, 481

BJ!Ji~:-~:::: ______________________________ do_ -1--------- 350,230 _________________ 324,6·121 ______ --------- 371,901 All other (incl. Keene's cement) do -~--------- 319,Wi ------------------ 295,3!:ll ________________ 340,190

~;;~~~~tf~:::::::::::::::::::::-~·L:ofs~~ft:r::::::: 1-~~J ::::::::: :::::::::1 ~-~~n 1::::::::: :::::::::1~-s~u ----------------------------------------------~-----------

'Revised. v Preliminary. 1 ReYisions for October 1956 (thons.): Shipments, total, 7,765; replacement equipment, 4,692. c/'Revisions to be published later are as follows: 1954 (annual d01t:1 only); 1955 (annual and monthly); 1956 (January-August). 0Comprises sheathing, formhoanl, tile. and laminatNl hoard.

385,268 371,781

621.4 1,155. 4

61.4

January 1958 SURVEY OF CURRENT BUSINESS S-39

1957 Unless otherwise stated, statistics through 1956 and I 1956 I

descriptive notes are shown in the 1957 edition of Novem-1 Decem- Janu- I Febru-1 I . I BUSINESS STATISTICS ber ber ary ary March April 1 May I June I July I August I Septem-1 October I No•cm-1 Decem-

ber ber ber

TEXTILE PRODUCTS

APPAREL

Hosiery, sh!pments ____________ thous. of dozen pairs.. 14,006 l\I en's apparel, cuttings:,$

Tailored garments: Suits ______________________________ thous. of units .. 'I l, 990 Overcoats and topcoats ______________________ do____ 'I 430 Trousers (separate)

1 dress and sport _________ do ____ 'I 5, 280

Shirts (woven fabrics), dress and sport thous. of doz.. ' I l, 960

Work clothing: Dungarees and waistband overalls __________ do____ '' 205 Sbirts _______________________________________ do.... 'I 330

10,816

'1, 6I2 '320

'4, 944

'1, 616

'172 '252

'\\ramen's, misses', juniors' outerwear, cuttings:EB Coats _______________________________ thous. of units __ Dresses. _____________________________ ----- ____ do __ __

' 2, 023 ' 1, 487 ' I9, 706 ' I6, 990 Suits __________________________________________ do ___ _

Waists, blouses, and shirts ____________ thous. of doz .. '1,062 '876 'I, IlO '861

COTTON

Cotton (exclusive of linters): Production:

12,126

2,068 248

5, 520

2,020

248 288

2,317 21,277 1, 347 I, I94

Il, 628

1,820 244

5,136

1,884

256 308

2,391 21,709 1, 4Il 1,246

12,394

1, 888 308

5, 472

1, 792

252 304

3,174 26,424 1, 257 1,338

Ginnings§ ______________ thous. of running bales __ 12,380 2 12,815 3 13,088 --------- • 13, 151 Crop estimate, equivalent 500-lb. bales

thous. of bales __ --------- --------- --------- --------- '13, 310 Consumption, ________________________________ bales __ d870,069 '630, 339 "842,452 '687, 905 '690, 310 Stocks in the United States, end of month,

total, ___________________________ thous. of bales __ Domestic cotton, totaL _____________________ do ___ _

On farms and in transit ___________________ do ___ _ Public storage and compresses ____________ do __ __ Consuming establishments ________________ do. __ _

Foreign cotton, totaL _______________________ do ....

Exports _______________________________________ bales._ Imports. _____________________________________ .do. __ _ Prices (farm), American upland ...... cents per Jb __ Prices, wholesale, middling, 1", average 14 markets

cents per lb .. Cotton linters:

Consumption _______________________ thous. of bales __ Production ____________________ ---- _______ • ____ do. __ _ Stocks, end of month __________________________ do ....

COTTON MANUFACTURES

Cotton cloth: Cotton broadwoven goods over 12 inches in width,

'22, 152 '22, 120 '3. 761

'16, 933 '1,426

'32

537,713 844

31.9

33.2

129 202

'970

production, quarterly ,L1 _______ mil. of linear yd __ ---------Exports ____________________________ thous. of sq. yd__ 43,800 Imports _______ --------------------- __________ .do .. __ 10, 404 Prices, wholesale:

Mlll margins _______________________ cents per lb .. Denim, white back, 28-inch, 8 oz/yd .. cents per yd __ Print cloth, 39-inch, 68 x 72 __________________ do __ __ Sheeting, 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 __ __

30.37 36.4 16.1 I7.3

.691

. 971

Spindle activity (cotton system spindles),, Active spindles, last working day, totaL .... thous __ '20, 294

Consuming 100 percent cotton _______________ do____ 18,786 Spindle hours operated, all fibers, totaL .. mil. of hr __ " Il, 987

Average per working day _________________ do____ '480 Consuming 100 percent cotton _______________ do.... 111,145

MANMADE FIBERS AND MANUFACTURES

Fiber production, quarterly total\? _______ mil. of lb .. _______ __ Rayon and acetate: Filament yarn ____________ do .... _______ __

Staple plus tow ___________ do ____ ---------Noncellulosic (nylon, acrylic, protein, etc.) .... do ____ --------··

Expocts: Yarns and monofilaments _______ thous. of lb__ 1, 264 Staple, tow, and tops __________________ do____ 1,360

Imports: Yarns and monofilaments _____________ do.... 103 Staple, tow, and tops __________________ do..... 5, 745

Rayon and acetate: Stocks, producers', end of month, totaLmil. of lb ..

§f~~te(~~~rt~wf_-_-_-~~======================~~=::: Prices, rayon, viscose:

Yarn, filament, 150 denier_ ____________ dol. per lb .. Staple, 1.5 denier_ ___________________________ do __ __

J\1 aumade broad woven fabrics:

106.3 62.2 44.1

.863

.316

Production, quarterly total\? .6. .. thous. of linear yd .. ---------Rayon and acetate (excl. tire fabric) _________ cto .... ---------Nylon and chiefly nylon m!xtures ___________ do .... ---------

Exports, piece goods _______________ thous. of sq. yd.. 13,404

SILK

20,909 20,878 2,890

16,442 1, .547

30

939,080 10,341

31.0

33.2

'126 171

'980

2,538 47,289 11,227

29.80 36.4 15. 9 17.3

.687

.963

'20, 241 18,786 '8, 618

'431 8,062

423.4 183.9 102.7 109.7 1, 993 3,054

122 10,277

107.5 62.2 45.3

.880

.316

555,919 380,428 73,999 17,478

18,768 I8, 734 1, 911

15,204 1, 619

35

17,390 17,345 1,638

14,031 1, 676

45

15,911 15,867

1, 157 13,080 1,630

44

790,738 13,285

30.2

807,248 786, 7 40 7, 101 9, 851 30.2 29.8

33.4

128

33.8 33.8

187 '992

46,058 11,430

29.19 36.4 15.9 17.0

.684

. 959

20,231 18,725

I 11,599 464

I 10,790

'114 152

'1,001

43,196 11,925

28.31 36.4 15.9 17.0

.676

. 951

20, 161 18,639 9,411

471 8, 749

I, 473 2, 021 3, 450 1, 871

86 125 9, 485 9,172

104.6 105.6 58.2 59.2 46.4 46.4

.910 . 910

.316 .316

13, 886 11, 896

118 124

'988

2,520 58,523 11,972

28.01 36.4 16.0 16.8

.669

.920

19,985 18,457 9,400

470 8, 731

443.2 195.0 103.7 121.1 3,074 3,403

205 8, 454

111.3 62.6 48.7

.910

. 291

11,099

12,045 I 365

I 5,640

11,735

1 265 1325

1, 431 27,189

676 1,154

11,103

I,820 416

5, 520

1, 576

252 304

1, 204 27,884

454 1, 208

11,316

1,604 384

5,328

1, 524

220 288

1, 908 19,816

680 1,151

11,100

1[,230 I 285

I 4, 500

11,270

1200 I 265

2, 458 18,125

926 1, 134

232

13,772

1, 692 440

5, 664

1, 504

252 320

2, 702 20,844

996 1, 249

973

13,805

1,388 320

4,848

1, 516

248 328

2,362 19,035

683 I, 154

2,499

15,381

11,665 I 310

I 6,120

I 1, 845

1265 1340

2, 718 20,578

757 1,335

5, 594

13,062

1,372 192

5,088

1, 560

208 292

2, 312 IS, 571

849 861

8,039

"809,727 '670, 259 '648, 964 •1639,776 666,549 659,651 1819,816 656,205

'9, 201

'11,010 571,287

14,491 14,448 1, 080

11,877 1,490

43

603,064 3,412 30.6

33.9

104 85

'969

46,606 11,798

27.65 36.4 16.0 16.5

. 662

. 918

19,929 18,365

1 11,281 451

I 10,461

13,240 13,200

992 10,829 1,379

39

659,701 5,349 31.5

33.9

105 70

924

47,780 11,329

27.03 36.4 15.9 16.3

.662

. 914

19, 781 18,246 9,223

461 8, 533

2, 656 2, 443 3, 057 2, 568

109 201 7, 422 6, 789

116.7 64.3 52.4

. 910

. 291

122.7 67.2 55.5

.910

. 291

12,108 12,074

798 10,049 1, 227

34

''11 323 r6 n: 284

297 ,, 9 8.59

1: 128 '39

22,505 22,466 12, 185 9,312

969 39

21,274 21,234 10,542 9,634 1, 058

39

19,344 19,305 7,257

10, 7R4 1,264

39

17,573 17,529 4,801

11,308 1, 420

45

12,549 I, 565

57

525,108 417,607 336, 088 378, 825 483, 654 525, 502 3,607 6,300 7, 755 31,122 --------- --------- ---------31.9 32.3 B8 ao B3 R1 a2

34.0 34.0 33.6

104 45

724

92 44

'843

' 2, 437 47,990 10,369

26.81 36.4 15.8 16.0

.666

. 918

19,740 18,174 9,088

454 8,396

436.2 181.6 98.3

126.3 1, 811 1,984

170 5,851

125.6 69.7 55.9

. 910

. 291

'80 35

'799

"39;188' "4ii;iii7' 8, 252 9, 165

26.75 27.49 36.4 36.4 15.6 15.6 16.0 16.0

. 663 . 663

. 920 . 922

19,754 18,067 I 9,361

374 18,481

19,704 18,079 9,123

456 8, 368

1, 692 1, 799 2, 400 1,863

86 382 5, 892 6, 495

124.5 122.6 69.9 69.6 54.6 53.0

. 910 . 910

. 291 . 291

10, 671 14, 396

33.2

100 107 712

33.5

107 199 786

'34.3

103 178 837

34.9

100

p 2, 243 41, 781 "46;253' "49;5i9' =========

7, 491 --------- --------- ---------

27.58 36.4 15.4 15.8

.666

. 940

19,769 18,147 9,171

459 8, 441

439.3 163.8 109.6 134.2 1, 599 1, 902

193 5,284

121.1 68.8 52.3

.910

. 311

553,808 356,240 91,755 12,815

26.36 36.4 15.3 15.8

.663

.940

19,7.53 18,130

I 11,401 456

I 10,475

24.69 •36.4 p 15.2 p 15.5

p .659 p. 941

19,747 18, 133 8,963

448 8, 231

759.4 758.3 '40.0 7 35.8

24.76

19,730 18, 144

7, 951 398

7,309

1, 399 1, 680 ---------2, 521 3, 123 -- -------

122.2 124.8 69.7 70.1 52.5 54.7

. 910 •. 910

.311 •. 311

15, 715 14,274 ---------

Imports, raw _____________________________ thous. oflb__ 1,193 954 1,123 774 781 524 513 553 557 755 815 --------- --------· ---------Price,raw,AA,20-22denier _______________ dol.perlb__ 4.53 4.54 4.53 4.57 4.55 4.64 4.60 4.52 4.48 4.49 4.46 4.40 •4.34 ---------Production, fabric, qtrly. tota!L1 .. thous. of linear yd .. --------- 8, 553 --------- --------- 9, 119 --------- --------- '8, 155 --------- --------- 8, 072 --------- --------- ---------

' Revised. • Preliminary. 1 Data cover a 5-week period. 2 Ginnings to December 13. 3 Ginniogs to January 16. ' Total ginniogs of 1956 crop. • December 1 crop estimate. • Revised to include stocks held by warehouses not formerly reporting; data for August 1956-June 1957 are understated by au unknown amount. 7 Data for month shown. ,Data for November 1956 and January, April, July, and October 1957 cover 5-week periods (except data for men's apparel cuttings for January 1957 which cover 4 weeks) and for other

months, >1 weeks; cotton stocks and number of active spindles are for end of period covered. $Revisions for 1955 and 1956 will be shown later. §Total ginniogs to end of month indicated, except as noted. \?Includes data not shown separately. L1Revisions for 1st 3 quarters of 1956 are available upon request.

S-40 SURVEY OF CURRENT BUSINESS January 1958

Unless otherwise stated, statistics through 1956 and I 1956 I 1957 descriptive notes are shown in the 1957 edition of Novem I Decem I-J-a-n--~,-F-b----;-1---,~---;-~---r~--~T-~ ~--r~---T~---T~---T~----,~--­BUSINESS STATISTICS ber - b~r - arr :r~u- March April May June July August Se~~m- October N~~m- Db~m-

TEXTILE PRODUCTS-Continued

WOOL AND MANUFACTURES

Wool consumption, mill (clean basis):, Apparel class ___________________________ thous. oflb __ Carpet class _____________ -------- --------------do ___ _

Wool imports, clean content---------------------do ___ _ Apparel class (dutiable), clean content--------dO---­

Wool prices, raw, clean basis, Boston: Good French combing and staple:

Territory, fine _________________________ dol. per lb __ Fleece, 3/8 blood ____________________________ _do ___ _

Australian, 64s, 70s, good topmaking, in bond __ do ___ _ Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,

wholesale price--------------------------dol. per lb __

Woolen and worsted woven goods, except woven felts:

I 24,968 Ill, 547

14,484 5,391

1. 525 1.168 1.450

1.997

20, 696 I 26 531 10, 728 I 14: 863 14, 773 24, 285 7, 010 10, 506

1. 625 I. 625 1.195 1. 195 I. 525 1. 525

2. 045 2.117

Production, quarterly, totalci'-----thous. oflin. yd __ --------- • 74,756 Apparel fabrics, totaL ______________________ do ____ --------- • 71.328

Other than Government orders, totaL ____ _do ____ --------- '70, 147 Men's and boys' ------------------------dO------------- '34, 782 Women's and children•s _________________ do ____ --------- '35, 365

22,276 13,376 21,617 9, 746

1. 625 1.188 1. 575

2.117

Prices, wholesale, suiting, f. o. b. mill: Flannel, men's and boys' ____________ 1947-49=100__ 114.0 191~1 -. o

3 115.4 115.6

Gabardine, women's and children's ________ _do____ 97.3 97.3 97.3

21, 482 I 25, 159 12,654 I 14,359 22, 546 18, 788 9,114 8, 366

I. 622 1. 645 1. 170 1. 181 1. 575 1. 575

2.092 2.069

77,301 73,345 72,047 37,193 34,854

21,321 9,552

15,094 7,576

1. 675 1. 270 1.595

2.166

115.6 97.3

117.2 117.2 97.3 97.3

TRANSPORTATION EQUIPMENT ----------------------------.---~,-----,--~,----~

AIRCRAFT

Manufacturers of complete types: Aircraft, engines, propellers, parts, etc.:

Orders, new (net), quarterly totaJ _____ mil. of doL_ ---------Sales (net), quarterly totaL ________________ _do ____ ---------Backlog of orders, total, end of quarter ______ do ____ ---------

For U.S. military customers ______________ do ____ ---------Civilian aircraft:

Shipments __________________________ thous. of doL_ Airframe weight_ ___________________ thous. of lb __

Exports (commercial and civillan)ci'-----thous. of doL

MOTOR VEHICLES Factory sales, total ___________________________ number __

Coaches, total ________________ ---------- ______ _do ___ _ Domestic ____________________________ - _______ do ___ _

Passenger cars, totaL _________________________ _do ___ _ Domestic ________ ------- _____________________ do ___ _

Trucks, totaL _________ ----- ___________________ do ___ _ Domestic _________ ---- ___________________ - ___ do ___ _

Exports, total(!)_--------- __ ------- ______________ do ___ _ Passenger cars (new and used) ________________ do ___ _ Trucks and buses(l) ___________________________ do ___ _

Imports (cars, trucks, buses), total* ______________ do ___ _ Passenger cars (new and used)* ________________ do ___ _

'l'ruck trailers (incl. trailer chassis), prod ________ do ___ _ Complete trailers ____ ------------ _____________ do ___ _

Vans ________________ ---------- _____________ -do ___ _

51,518 1, 550.7 24,577

667,187 233 186

576,708 556,931 90,246 74,870 23,426 13, 139 10,287 12,950 12,547 4, 758 4, 567 2,524

3,020 2,998

18,350 12,303

43,168 1, 413. 7 25,053

700,740 228 103

617,599 598,394 82,913 66,123 43,612 21,739 21,873 14,106 13,719 4,153 3,982 2,078

48, 431 49, 278 1, 574.9 1, 554.0 23, 067 16, 516

719,431 269 257

628,045 610,678 91, 117 73,208 30,210 14, 751 15,459 16, 555 16,101

.5, 032 4, 783 2,625

662,028 238 234

570,023 556,930 91,767 73,693 23,534 10,638 12,896 15, 254 14,813 5,090 4,832 2,654

2,128 2,669

17,795 11,801

46,465 1, 615.6

9, 901

677,778 341 307

585,734 569,242 91,703 73,523 43,724 18,673 25,051 22,223 21,435

5, 555 5, 263 2,608

57, 723 83, 965 1, 871. 6 2, 548. 0 26, 620 16, 509

647,414 506 410

541,733 526,310 105,175 84,410 34,723 14,029 20,694 22,262 21, 549

5, 536 5, 278 2,580

639,886 462 309

537,112 522,759 102,312 82,930 34,956 14,635 20,321 21, 536 20, 701

5, 574 5,316 2,665

21, 558 I 21, 281 8, 274 I 8, 508

14,480 15, 411 6, 788 6, 245

1. 675 1. 675 I. 271 1. 272 1. 625 1. 625

2.166 2.166

81,201 77, R73 77, 105 35,481 41,624

19,277 9, 779

18,051 6,604

1.675 1. 285 1.625

2.166

118.0 97.3

118.0 118.0

1, 524 3,015

16,304 10,557

97.3 97.3

69, 326 70, 480 62, 825 2, 104. 0 2, 086. 0 1, 940. 6

24, 495 19, 682 31, 298

591,039 389 332

496,329 484,840 94,321 76,859 28,306 10,901 17,405 21,836 21,261 5,110 4,603 2,364

579,951 309 302

484,718 474,635 94,924 76,856 24,221 9, 562

14,659 23,332 22,753 4, Ill 3, 969 2,084

610,747 315 281

521,282 513,290 89,150 74, 212 27,459 9, 977

17,482 24,466 23,698

5,258 4, 322 2,529

18,377 IJ8, 425 13,798 ---------9,554 111,938 8,091 ---------

19,101 --------- --------- ---------6,953 --------- --------- ---------

1. 638 1. 265 1. 625

1.560 1.232 1.605

1.500 1.188 1.425

1.438 1.115 1.325

2. 166 2. 118 • 2. 021

74,930 71,090 70,187 30,318 39,869

118.0 100.4

1, 075 2,948

14,431 9.161

118.0 116.3 ---------100.4 100.4 ---------

54, 745 45, 522 47, 130 1, 631. 1 ' 1,446. 3 1, 474. 8

19, 408 24, 728 15, 317

380,609 243 187

318,279 315,008 62,087 51,016 17,399 5,023

12,376 19,919 19,200 4,667 4,184 2,522

379,316 233 232

291,064 282,510 88,019 73,707 18.053

6, 273 11,780

676,949 •'621,700 241 •'332 206

583, 783 •'534,800 560,141 92, 925 ;,286~ iilii-78,928 30,324 16,000 14,324

4,598 4, 002 4, 369 3, 656 2, 512 2, 061

Registrations: New passenger cars----------------------------do____ 403,948 514,061 437,320 438, 725 572,917 548,609 556,324 517,043 543, 264 491,839 495, 217 463,795 408, 534 New commercial cars __________________________ do____ 66,983 65,698 56,979 62,129 74,668 75,438 82,308 71,335 79,117 77,053 78,156 76,899 61,920

RAILROAD EQUIPMENT

American Railway Car Institute: Frelgh t cars:

Shipments, totaL ________________________ number __ Equipment manufacturers, total __________ do ___ _

Domestic _______________________________ _do ___ _ Railroad and private-line shops, domestic_ .do ___ _

New orders, totalcf' __________________________ do ___ _ Equipment manufacturers, totaL ________ _do ___ _

Domestic _______________________________ _do ___ _ Railroad and private-line shops, domestic __ do ___ _

Unfilled orders, end of month, totaL ________ do ___ _ Equipment manufacturers, totaL _________ do ___ _

Domestic ________________________________ do ___ _ Railroad and private-line shops, domestic _ _do ___ _

Passenger cars (equipment manufacturers): Shipments, total _____________________________ do ___ _

Domestic __________________________________ do ___ _ Unfilled orders, end of month, totaL ________ do ___ _

Domestic ________________________ ----- _____ do ___ _

Association of American Railroads: Freight cars (class I):§

Number owned or leased, end of month ____ thous __ Held for repairs, percent of total owned _________ _

Locomotives (class I): Steam, owned or leased, end of montb ______ thous __

Held for repairs, percent of total owned _________ _ Diesel-electric and electric:

Owned or leased, end of mo __ N o. of power units __ Serviceable, end of month _________________ do ___ _ Installed in service (new) __________________ do ___ _ Unfilled orders, end of month _____________ do ___ _

Exports of locomotives, total (railroad-service and in-dustrial types) __________ -------- ___________ number __

6, 740 4,367 4,322 2,373 4,042 1, 592 l,li92 2,450

119,853 58,636 58,409 61, 217

5 5

791 679

1, 705 4.0

4 15.3

26,732 25,804

122 743

97

7,260 4, 272 4, 272 2,988

'4, 753 '4, 436

'4; ~~~ 117,657 58,971 58,571 58,686

9 5

842 724

1, 708 4.0

4 15.1

26,823 25,856

110 814

101

8,403 4,686 4,686 3, 717 6, 779 2, 207 1, 662 4, 572

115,601 56,493 55,548 59,108

9 3

840 728

1, 712 4.1

4 14.6

26, 926 25,864

117 787

69

8,184 4, 576 4, 576 3,608

'4, 389 2,202 1,865

'2,187 113,247 53, 134 51,852 60,113

23 11

832 732

1, 716 4.2

3 17.3

27,060 26,002

127 867

49

9, 772 5,611 5, 611 4,161 3,349

817 817

2, 532 108,990 48,337 47,055 60,653

6 3

836 739

1, 720 4.1

3 16.6

27, 125 26,078

133 747

79

8, 961 5,198 5,198 3, 763 6,478 6,429 6,429

49 106,472 49,540 48,258 56,932

11 7

825 732

1, 724 4.4

3 17.5

27,234 26,123

114 693

64

' Revised. • Preliminary. I Data cover a 5·week period. ' Preliminary estimate of production.

8,902 5, 202 5, 124 3, 700

•3, 730 2, 376 1, 908

'1, 354 98,604 46,663 45,065 51,941

41 6

789 727

1, 727 4.5

3 18.2

27,383 26,423

119 582

37

8, 568 4,820 4,629 3, 748

'4, 889 '2, 128 '2, 128

2, 761 93,217 43,853 42,446 49,364

65 17

738 722

1, 730 4.5

3 18.3

27,453 26,400

125 462

62

7,872 4,811 4,664 3,061 1,108

832 832 276

86,489 39,864 38,604 46,625

27 15

721 717

1, 731 4.9

3 18.1

27,548 26,462

112 395

54

8,887 4, 716 4, 587 4,171

'3,102 1,082 1,068

•2,020 80,477 36,203 34,984 44, 274

43 40

678 677

1, 735 5.0

3 17.4

27,602 26,580

73 320

50

8, 500 4,947 4, 897 3, 553

'3, 212 '1, 708 • I, 708

1, 504 73,150 32,954 31,785 40,196

187 185 507 492

1, 739 4.9

3 17.7

27,670 26,569

99 296

51

8,328 4,850 4,817 3,478 2, 212

532 526

1,680 66,860 28, 602 27,460 38,258

387 376 143 139

1, 742 4.9

3 21.0

27,695 26,702

56 295

69

7, 260 4,033 3, 915 3, 227 1,090

977 957 113

60,238 25, 442 24,398 34, 796

5 5

134 134

1, 745 5.0

3 22.2

27,859 26,773

160 488

68

,Data for November 1956 and January, April, July and October 1957 cover 5-week periods; other months cover 4 weeks. ci'Revisions for 1956 will be shown later.

19~~~~v~i.July-December 1956 have been revised to exclude exports of "used" special-purpose vehicles; such types are included in the 1956 data published prior to the September

*New series (from Bureau of the Census). Data cover complete units, chassis, and bodies. §Excludes railroad-owned private refrigerator cars. U, S, GOVERNMENT PRINTING OFFICE: 1958

.... ----INDEX TO MONTHLY BUSINESS STATISTICS, Pages Sl-S4o-----..

Pages marked S Sections, by general subject:

General business indicators ______________ _ Commodity prices ______________ - _______ _ Construction and real estate _____________ _ Domestic trade ________________________ _ Employment and population ____ - _______ _ Finance _________________ ---------------International transactions of the U.S _____ _ Transportation and communications ______ _ Chemicals and allied products ___ -_- ___ . _. Electric power and gas _________________ _ Foodstuffs and tobacco. __ -------- ... ___ . Leather and products .. _ ..... _ ...... ___ .. Lumber and manufactures ______________ _ Metals and manufactures.---------------Petroleum, coal, and products _ __________ _ Pulp, paper, and printing _______________ _ Rubber and rubber products _____________ _ Stone, clay, and glass products ___________ _ Textile products_. __ ........ _ ... __ . ___ .. Transportation equipment ______ ----- ____ _

1-5 5-7 7,8

8-11 11-15 16-20 21,22 23,24 24-26 26,27 27-30 30,31 31,32 32-34 35,36 36,37 37,38

38 39,40

40

Advertising __________ ..................... 8, 9 Agricultural employment .. _ .. _ ... _ ........ _ 11 Agricultural loans and foreign trade._. 16, 17, 21, 22 Aircraft and parts ______________ 2, 12, 13, 14, 15,40 Airline operations_________________________ 23 Alcohol, denatured and ethyL. _____ ........ 24 Alcoholic beverages ___________________ .. 2, 6, 8, 27 Aluminum. _________ ... _._ ...... _. __ ._... 33 AppareL .. ____ .. __ . 2, 3, 6, 8, 9, 10, 12, 13, 14, 15, 39 Asphalt and asphalt and tar products .... _ .. _ 36 Automobiles ___ . 2, 3, 8, 9, 12, 13, 14, 15, 16, 17, 22, 40 Bakery products __________________ 2,12, 13,14,15 Balance of payments. __ -.----. ___ --._. ___ . 21 Banking _________________________________ 14,16 Barley ___ ... __________________ ---- _____ -- 28 Barrels and drums________________________ 32 Battery shipments. ____ ... _.- .. -- ...... --. 34 Beef and veaL____________________________ 29 Beverages _________________ 2, 6, 8,12, 13, 14, 15,27 Blast furnaces, steel works, etc ___________ 12, 14, 15 Blowers and fan•-------------------------- 34 Bonds, outstanding, issued, prices, sales,

yield•---------------------------- 17,18, 19,20 Book publication__________________________ 37 Brass and bronze__________________________ 33 Brick ... __ . __ . __ ... ___ ._. _______ . __ ._____ 38 Brokers' loans and balances ________________ 16,19 Building and construction materials ________ 8, 9,10 Buildingcosts.--------------------------- 8 Business incorporations (new), failures_______ 5 Business sales and inventories_ _ _ _ _ _ _ _ _ _ _ _ _ _ 3 Butter _______ ------- __ .. _. ________ ... ___ . 27

Cans (metal), closures, crowns______________ 32 Carloadings_. ___ . __ ..... __ . _. ______ . _.... 23 Cattle and calves_________________________ 29 Cement and concrete products______________ 6, 38 Cereal and bakery products.------- 6,12,13,14,15 Chain-store sales (11 stores and over only)_.. 10 Cheese ..... ____ ...... _ ........... _ ... _._. 27 Chemicals _________ 2, 3, 4, 6, 12, 13, 14, 15, 19, 22, 24 Cigarettes and cigars______________________ 6,30 Civilian employees, FederaL ___ . _ ........ _. 12 Clay products._----------------- ________ . 6, 38 CoaL _________________ 3, 6, 11, 13,14,15, 22, 23,35 Cocoa __________ ------ .. ______ ... __ . __ ... 22, 29 Coffee. _______ .. ------- .. ------- ...... ___ 22,30 Coke ____________________________________ 23,35 Communications ___________ 11, 13,14, 15, 19, 20,24 Confectionery, sales_______________________ 29 Construction:

Contract awards________________________ 7 Costs __ ... _._. ______ ._- .. ___ -.- .. _-_ .. - 8 Dwelling units__________________________ 7 Employment, hours, earnings, wage rates__ 11,

13, 14, 15 Highways and roads .... ____ ....... _. ___ 7, 8, 15 New construction, dollar value____________ 1, 7

Consumer credit _________________ ------ ___ 16, 17 Consumer durables output, index__ _ _ _ _ _ _ _ _ _ 3 Consumer expenditures ______ ------- __ ----- 1, 9 Consumer price index ___________ --------_-- 6 Copper. ____ . _. _ ... _. _ .• _ .... _ ..... ___ ... 22, 33 Corn _____ -------- ____ .... ·------- .... ___ 28 Cost-of-living (see Consumer price index) .. _- 6 Cotton, raw and manufactures ________ 2, 5, 6, 22, 39 Cottonseed, cake and meal, oiL __ .___________ 25 Credit, short- and intermediate-term ________ 16, 17 Crop•----------------------- 2, 5, 25, 26, 28, 30,39 Crude oil and natural gas.--·····-- 3, 11, 13,14,15 Currency in circulation____________________ 18

Dairy products_. _____ ._ .. _ 2, 5, 6, 12, 13, 14, 15, 27 Debits, bank_____________________________ 16 Debt, United States Government_ • ___ .... _. 17 Department stores ___________________ 9, 10, 11,17 Deposits, bank ____________________________ 16,18 Disputes, industriaL_ .. _ .. ___ .... _ .. _-._.. 13 Distilled spirits___________________________ 27 Dividend payments, rates, and yields ______ 1, 19, 20 Drug-store sales___________________________ 9,10 Dwelling units, new_______________________ 7

Earnings, weekly and hourly _______________ 14,15 Eating and drinking places.---------------- 9, 10 Eggs and poultry ________________________ 2, 5, 29 Electric power____________________________ 6, 26 Electrical machinery and equipment_________ 2,

3, 6, 12, 13, 14, 15, 19, 22, 34 Employment estimates and indexes __________ 11,12 Employment Service activities______________ 13 Engineering construction___________________ 7, 8 Expenditures, United States Government_ __ - 17 Explosives. _______ .---·····.-----. ____ ... 25 Exports (see also individual commodities) ___ . 21, 22 Express operation•------------------------ 23

Pages marked S Failures, industrial and commercial__________ 5 Farm income. marketings, and prices ______ 1, 2, 5, 6 Farm wages______________________________ 15 Fats and oils, grease•---·-·····----------- 6, 25,26 Federal business-type activities_____________ 17 Federal Government finance ... __ ... ____ ._.. 17 Federal Reserve banks, condition of. _. ____ .. 16 Federal Reserve reporting member banks.___ 16 Fertilizers________________________________ 6, 25 Fire losses________________________________ 8 Fish oils and fish _______________ .. ------- __ 25, 30 Flaxseed .. ________ ........ _ .. ___ ... ____ ._ 25 Flooring ____________________ . __ ._________ 31 Flour, wheat_____________________________ 29 Foodproduct•--------····----·········· 2,3,4,5,

6, 8, 9, 10, 12, 13, 14, 15, 19, 22, 27, 28, 29, 30 Foreclosures, real estate____________________ 8 Foreign trade _____________________________ 21,22 Foundry equipment. ____ ._ .... _ .. _________ . 34 Freight carloadings________________________ 23 Freight cars (equipment)___________________ 40 Freight-car surplus and shortage ____ ..... _._ 23 Fruits and vegetables .................. 5, 6, 22,28 Fuel oiL--------------------------------- 35 Fuels. __ .. ····--. ______________ . ______ ._ 6, 35, 36 Furnaces ______ ... ____________ ... _ ..... ___ 34 Furniture _______________ 2,3, 6, 9,10, 12,14,15,17 Furs ____ ._ ... ___ ._._ ......... _._ ... _ .. __ . 22

Gas, prices, customers, sales, revenues _____ 6, 26,27 Gasoline. _____ .. __ ... _____ -------------·· 9, 36 Glass product•---------------------------- 38 Generators and motors_____________________ 34 Glycerin. ____ ._. __ . _________ . _________ .__ 24

Gold ... --------------------------------- 18,21 Grains and products _____________ 5, 6, 22, 23, 28,29 Grocery stores _______ .____________________ 9

7 10

Gross national product_____________________ 1 Gross private domestic investment__________ 1 Gypsum and products. ___ ........ _ ..... __ . 6, 38

Hardware stores __ -------------___________ 9 Heating apparatus ______________________ ... 6, 34 Hides and skin•------------------------- 6, 22,30 Highways and roads ______________________ 7, 8,15 Hogs __ .. _______ ... -----_. __ ..... _____ .. _ 29 Home Loan banks, loans outstanding________ 8 Home mortgages__________________________ 8 Hosiery_._ .. _. __ ... _ .... _ .. _ ........ _ ... _ 39 Hotels .. ------------------------ 11,13, 14,15,24 Hours of work per week ..... __ . _____ ....... 12, 13 Housefurnishings _____ __________________ 6, 8, 9, 10 Household appliances and radios._._. ___ . 3, 6, 9, 34

Imports (see also individual commodities) ____ 21,22 Income, personaL_________________________ 1 Income and employment tax receipts_______ _ 17 Industrial production indexes_______________ 2, 3 Installment credit. .. --------···------------ 16,17 Installment sales, department stores__ _ _ _ _ _ _ _ 10 Instruments and related products. 2, 3, 12, 13, 14, 15 Insulating materials._ .......... _. ____ ..... 34 Insurance, life ... ------------------------- 18 Interest and money rates___________________ 16 Inventories, manufacturers' and trade ___ 3,4, 10,11 Iron and steel, crude and manufactures_ _ _ _ _ _ 2,

6, 8, 12, 14, 15, 19, 22. 32,33 Kerosene ______ •. ___ ..... _. __ ............. 35 Labor disputes, turnover ___________________ 13,14 Labor force _____ .. _______ ._ .. __ .... _...... 11 Lamb and mutton_________________________ 29 Lard ___________ ------ ____ . _____ . __ ... ___ 29 Lead._----- __ .. ------- ..... ---- .. ------- 33 Leather and product•---------------------- 2,

3, 6, 12, 13, 14, 15, 30,31 Linseed oiL ___ . ______________ ..... ___ . __ . 26 Livestock. ____ .. _____ ..... ___ ...... 2, 5, 6, 23, 29 Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) __________ 8,16,17,19 Locomotives _________ --._ ... ____ ..... ___ .. 40 Lubricants ..... _. _____ ... __ . ____ ._ .... _._. 36 Lumber and products______________________ 2,

3, 4, 6, 8, 9, 10, 12, 14, 15, 19, 31, 32 Machine tools __ . ____ . __ . __ .... -. __ ... _... 34 Machinery ______ 2, 3, 4, 5, 6, 12, 13,14,15,19, 22,34 Mail-order houses, sales ______ .. _____________ 11 Manmade fibers and manufactures__________ 6, 39 Manufacturers' sales, inventories, orders _____ 3, 4, 5 Manufacturing production indexes_ _ _ _ _ _ _ _ _ _ 2, 3 Manufacturing employment, production work-

ers, payrolls, hours, earnings _____ 11, 12, 13, 14,15 Margarine________________________________ 26 Meats and meat packing ____ 2, 5, 6, 12, 13, 14, 15, 29 Medical and personalcare__________________ 6 Metals _______ 2, 3, 4, 5, 6, 11, 12,13, 14, 15, 19, 32,33 Milk. ___ ...... __ --------- ... ______ . __ ._. 27 Mining and minerals ______ 2,3, 11, 13, 14, 15, 19,20 Monetary statistics _________________ ----___ 18 Money supply _____ .. ___ . _______________ .. 18 Mortgage loans _________________________ 8,16,18 Motor csrriers____________________________ 23 Motor fueL ... ____________ ... _____ ._ .. _.. 36 Motor vehicles .. ---------------····---- 6, 9, 19,40 Motors, electricaL________________________ 34

National income and product.._____________ 1 National parks, visitors____________________ 24 National security expenditures __________ -___ 1, 17 NewsprinL ...... ------------------------- 22,37 New York Stock Exchange, selected data. ___ 19,20 Nonferrous metals _________ 2, 6, 12, 14, 15, 19, 22,33 Noninstallment credit_ __ ----- .. _ ...... ---- 17 Oats ________ . ___ ._ ... _ .. __ . _____ ._._ .. _.. 28 Oil burner•------------------------------- 34 Oils and fats, greases ____________________ 6, 25,26 Orders, new and unfilled, manufacturers'_____ 5 Ordnance _____________________________ 12,14,15

Pages marked S Paint and paint materials----------------··· 6, 26 Panama Canal traffic ... ------------------- 23 Paper and products and pulP--------------· 2,

3, 4, 6, 12, 13, 14, 15, 19, 36,37 Passports issued-------------------------- 24 Payrolls, indexes._. _____ ._._. ______ ---. __ . 12 Personal consumption expenditures__________ 1, 9 Personal income__________________________ 1 Personal saving and disposable income~------- 1 Petroleum and products____________________ . 2,

3, 6, 12, 13, 14, 15, 19, 22, 35, 36 Pig iron ___________________________ ------- 32 Plant and equipment expenditures. ____ .. _ _ _ 2, 19 Plastics and resin materials ____ .... ____ .. __ . 26 Plywood ______________ . _____ .... __ .. __ ... 32 Population •. _______ . __ .. _._ .... __ .. __ ._.__ 11 Pork._------------- __________ ....... ----- 29 Postal savings ______ .. __ ._ .. -· .. - .. ··- •.. _.. 16 Poultry and egg•-----------·-··········-··-- 2, 5, 29 Prices (see also individual commodities):

Consumer price index _____ --·-------------_ 6 Received and paid by farmers. - ______ ... . 5 Retail price indexes. ___ . _ ......... _. ____ . 6 Wholesale price indexes----------·-------- 6

Printing and publishing ___ . ___ 2, 3, 12, 13, 14, 15, 37 Profits, corporation ___________ .______________ 1,19 Public utilities. 2, 6, 7, 11, 13, 14, 15, 18, 19, 20, 26, 27 Pullman Company________________________ 24 Pulp and pulpwood________________________ 36 Pumps _______________ . ____ . __ . ____ .. --... 34 Purchasing power of the dollar______________ 7

Radiators and convectors._- .•.....• -...... 34 Radio and television ..•................. 3, 6, 8, 34 Railroads. _______ . 2, 11, 12, 13, 14, 15, 19, 20, 23, 40 Railways (local) and bus lines. ____ 11, 13, 14, 15, 23 Rayon and acetate________________________ 39 Real estate·---------------------------·-·· 8,16 Receipts, United States Government ...• ____ . 17 Recreation ______________ -------------_-- _ 6 Refrigeration appliances, output_ . _. __ .... _ . 34 Rents (housing)___________________________ 6, 9 Retail trade, all retail stores, chain stores (11

stores and over only), general merchandise, department stores _____ 3, 5, 9, 10,11,13,14, 15,17

Rice _________ .. _____ ---------- __ --------. 28 Roofing and siding, asphalt................. 36 Rubber and product•---------------------- 2,

3,4,6,12,13,14,15,22,37,38 Rye ______ -------- ______ ---------. ____ .. _ 28 Saving, personal__________________________ 1 Savings deposits._ c _____ . __ ---- ..•. -- .•. _ _ 16 Securities issued ____ ._. __________ ..... _... 19 Services ________________________ 1,9, 11,13,14,15 Sheep and lambs__________________________ 29 Ship and boat building .. c ••• _ ..•• ___ • 12, 13, 14, 15 Shoes and other footwear ___ 6, 9, 10, 12, 13, 14, 15,31 Shortening_ .. _ ... __ .... __ .... _ .. -· ....... _ 26 Silk, prices, imports, production-----·-------- 6, 39 Silver-------_. ________ ------ ___ ··------___ 18 Soybeans and soybean oiL--------··-------- 26 Spindle activity, cotton .... -_ .... _.......... 39 Steel ingots and steel manufactures (see also

Iron and steel) _____________ .. --··-----. 2, 32,33 Steel scraP------------------------------- 32 Stocks, department stores.·-··--------------- 11 Stocks, dividends, prices, yields, earnings, sales, listings __ ________________________ _

Stone and earth minerals---------------------Stoves .. ______ .• -.----.---------·-·-------Sugar----- ______________ . ___ . ___________ _ Sulfur _____ ------------_. _____ ._.:. ______ _ Sulfuric acid ______ ----------------------.-Superphosphate _____ ------ .. _---.-.-_-- ..• Tea imports _____________________________ ,;..

20 3

34 22,30

25 24 25

30 Telephone, telegraph, cable, and radio-tele-

graph carriers. ______________ 11 .. 13,14, 15, 20,24 Television and radio ________ ------ ______ 3, 6, 8, 34 Textiles and product•---------------------- 2,

3,4,6,12,13,14,15,19,22,39,40 Tin ________ . __ . ____ . __ .............. _ ... _ 22, 33 Tires and inner tubes ...... 6, 9,10,12,13, 14, 15,38 Tobacco and manufactures. _______ -________ 2,

3, 4, 5, 6, 8, 12, 13, 14, 15, 22, 30 Tools, machine___________________________ 34 Tractors. _____ . __ ._ .......... ___ .. __ •... _ 22, 34 Trade, retail and wholesale ... _............. . 3,

5, 9, 10, 11, 13, 14, 15,, 17, 20 Transit lines, locaL. ____ ...... _______ . __ .. 23 Transportation and transportation equip~

ment_ ____________ . ----··· _ .. --··· _ 2, 3, 4, 5, 6, 9, 10, 11, 12, 13, 14, 15, 19, 22, 23, 24, 40

TraveL._ .• ________ ._. __ .. _. _____ ... __ .__ 24 Truck trailers--------------------------·-·· 40 Trucks ________________ .. __ .. _ .. ____ ._ .. 2, 34,40

Unemployment and compensation ___________ 11,13 United States Government bonds __ 16,17, 18,19, 20 United States Government finance. __ ._ .. _.. 17 Utilities __________ 2, 6, 7, 11, 13, 14, 15, 19, 20, 26,27

Vacuum cleaners__________________________ 34 Variety stores---------------------------- 9,10 Vegetable oils .. --------------------------- 25,26 Vegetables and fruits _____________ ----- 5, 6, 22,28 Vessels cleared in foreign trade _____ .. ____ ._. 23 Veterans' benefits _________________________ 13,17

Wages and salaries ______________________ 1,14,15 Washers ______ ...... ______ ---- ____ ------. 34 Water heater•---------------------------- 34 Wheat and wheat flour _________ ... __ ·-·· .•. 28, 29 Wholesale price indexes _____ --------------- 6 Wholesale trade __________________ 3, 5, 11, 13,14,15 Wood pulp .. _________ . ____ ------------ __ . 36 Wool and wool manufactures __________ 2, 5, 6, 22,40

Zinc .. ______ .. __ . ___ ._ ... _ ... _ ... __ ._ .. _. _ 33

UNITED STATES

GOVERNMENT PRINTING OFFICE

DIVISION OF PUBLIC DOCUMENTS

WASHINGTON 25, D. C.

OFFICIAL BUSINESS

First•Class Mail

U. S. INVESTMENTS

IN THE LATIN AMERICAN

ECONOMY

A comprehensive stuJy of tbe role of

PENALTY FOR PRIVATE UliE TO AVOID PAYMENT OF POSTAGE, $300

IGPOI

U. S. inJustry in the Jeveloping countries

of Latin America.

• U. S. Investments in the Latin American Economy reveals basic facts about private

foreign investment essential for a clear understanding of the significance of such

investments in other developing countries. New data include:

Production-for export and local con­sumption.

Foreign Exchange-earned and saved.

Employment-wage and salary pay· ments.

SEPARATE SECTIONS COVERING

Taxes paid-contributions to government revenues.

Payments to local suppliers-incomes stimulated.

Gross capital outlays-and sources of funds.

Industries: Petroleum, Manufacturing, Mining and Smelting, Agriculture, and Public Utilities.

Countries: Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, Venezuela, and Central America.

This 194-page report contains more than 100 charts and 123 tables in a separate statistical section-the complete results of a study for which preliminary findings appeared earlier in Survey of Current Business. For sale by the Superintendent of

Documents, U.S. Government Printing Office, Washington 25, D. C. Price $1.75