scb_081962

AUGUST 1962

survey of

CURRENTBUSINESS

U.S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

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

SURVEY OF CURRENT BUSINESS

AUGUST 1962 VOL, 42, NO. 8

ContentsTHE BUSINESS SITUATION

SummaryRetail Sales Rebound—Steel Production Firms-—Income Advances-Stock Market Prices Rise.

FURTHER RISE IN NATIONAL PRODUCT AND INCOME INSECOND QUARTER

Consumer Buying Continues StrongInvestment Rises ModeratelyResidential Construction Recovers From Winter Lull

ARTICLESPERSONAL INCOME BY STATES IN 1961.

Individual Incomes Higher—Record Per Capita Income—Govern-ment Payments Support Recovery.

PAGE

1

3

446

EXPANSION IN U.S. INVESTMENTS ABROAD 18Record Capital Flow and Earnings in 1961—Pattern Resembles Thatof 1960—Reduced Outflows Indicated for 1962.

U.S. FOREIGN TRADE IN FINISHED MANUFACTURES 25Changing Import Pattern Contrasts With Stable Export Trends—Finished Goods Exports Key Factor in Trade Surplus—Europe TopContinental Outlet.

CURRENT BUSINESS STATISTICSGeneral S1-S24

Industry S24-S40

Subject Index Inside Back Cover

U.S. Department of CommerceLuther H. Hodges

Secretary

Office of Business Economics

M. Joseph MeehanDirector

Louis J. ParadiseManaging Director

Murray F. FossEditor

K. Celeste StokesStatistics Editor

Billy Jo Daw!Graphics

STAFF CONTRIBUTORSTO THIS ISSUE

National Income and Product:

Frederick M. Cone

Articles:

Robert E. Graham, Jr.Edwin J. Coieman

James M. LazardEdward A. Trott, Jr.Edith T. BurtonMae B. Rothery

Samuel PizerFrederick Cutler

Julius N. FriedlinMax Lechter

Hugh L. Hodge

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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES

Albuquerque, N. Mex., U.S. Courthouse.OHapel 7-0311.

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more 1-7000.Los Angeles 15, Calif., Room 450, 1031 8. Broadway.

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CApital 6-3361.Reno, Nev., 1479 Wells Ave. Phone 2-7133.Richmond 19, Va., 2105 Federal Bldg. 649-3611.St. Louis 3, Mo.f 2511 Federal Bldg. MAin 1-8100.Salt Lake City 1, Utah, 222 SW. Temple St. DAvis

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ADams 2-4755.Seattle 4, Wash., 809 Federal Office Bldg,, 909 First Ave.

MUtual 2-3300.


3k. &By the Office of Business Economics

•if-ALL changes that were chiefly on

the upside after seasonal adjustmentcharacterized most of the importanteconomic series for July, with totalpersonal income and nonfarm employ-ment continuing to register modestadvances. Retail trade made a goodrecovery from its comparatively poorshowing in June. Industrial produc-

CYCLICAL RISE IN GNP

Quarterly Change From Preceding Period inTotal and Major Components

Billion $

20 —GROSS NATIONAL PRODUCT

15 -

10 -

Total

10 PERSONAL CONSUMPTION EXPENDITURESTotal p, , , f~ ,

Durable Good:

10 ~ FIXED INVESTMENT

5 -

o F^^

-5 __

10 ~~

5 -

0 __

GOVERNMENT PURCHASES OF GOODSAND SERVICES

1-2 2-3 3-4 4-1 1 — 2

1961 1962Change From Preceding Quarter

Seasonally Adjusted, at Annual Rate

U.S. Department of Commerce, Off ice of Business Economics 62-8-1

(>4770:{°--62 1

tion rose about one percent and steeloutput, which had been falling for fourmonths in a row and had been a dragon overall production, halted its declineduring the month, after seasonaladjustment.

Last month also witnessed a littleimprovement in the unemploymentrate. Construction activity, after ad-vancing in the second quarter, did notchange much from June to July withtotal private activity making a bettershowing than public outlays.

Personal income rose to a seasonallyadjusted annual total of $442 billionin July; the gain of $1.3 billion over themonth approximated the advances of$1.0 billion and $1.4 billion in June andMay, respectively. Wage and salarydisbursements were up almost $1 billionfrom June although manufacturingpayrolls were off a little.

Stock market prices, which were anunsettling element the month before,were on the rise during July and theearly part of August. The Standardand Poor 500 Stock Index at the end ofJuly was some 20 percent lower thanthe high of December 1961, but hadrecovered about 10 percent from thelow reached in late June.

Rise in GNP

Business progress in the secondquarter is reviewed further on in thisissue within the framework of the GNP,which was up to a seasonally adjustedannual rate of $552 billion. This was$7 billion above the first quarter and$39 billion higher than the secondquarter of 1961. While the first tosecond quarter rise was a lesser advancethan the $11 billion average increasesince the recovery started in early 1961,the gain in final sales was more impres-sive. Here the $9,6 billion increasemay be compared with an average of$8.5 billion per quarter in the previousfour quarters.

With the da ta now at hand for Julyit appears that both total productionand final sales are continuing to moveup, though not so rapidly as in themonths following the midwinter lull.Government programs at the local andFederal level constitute an expansion-ary factor in the current quarter andconsumer spending appears to haveregained some of the buoyancy that itlost in June. Auto sales showed a goodimprovement in the midsummer month.

Business fixed investment programs—the comparatively weak element in thecurrent recovery—appear to be movingahead at a modest pace. Private con-struction other than residential con-tinued to rise through July and contractawards through June were still at ahigh rate.

Employment in the -machinery in-dustries in July was also running aheadof the second quarter average but aclarification of the near-term invest-ment outlook must await, the OBE-SECquarterly survey results scheduled fornext month. Housing activity in Julywas a little below June but was about$1 billion ( a n n u a l rate) above thesecond quarter average. Although Junestarts were below the heavy volume ofApril and May. the spring starts mayhave reflected some catching up fromthe lag caused by last winter 's badweather. June building permits werequite close to the average of the 3previous months.

Rebound in retail sales-

There were several piec.es of evidencewhich suggested t h a t the comparativelylarge decline in retail sales during themonth of June was a temporary phe-nomenon, very possibly related to theearlier adverse stock market develop-ments. Seasonally adjusted sales inretail stores rebounded in the monthof July about back to where they hadbeen in May. Department store sales,

1Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS August 11)62

which had declined about 4 percentfrom May to June, recovered all ofthe previous month's decrease.

The July improvement centeredmainly in durable goods, which hadfallen most in the preceding month,and reflected primarily an improvementin sales of automobile dealers. Non-durable goods sales scored a somewhatbetter-tliari-seasonal movement pacedby higher sales among apparel andgeneral merchandise stores.

Automobile dealers sold 510,000 newcars during the month. While belowthe June total, on a seasonally adjustedbasis the July performance representeda considerable improvement, approxi-mating the heavy volume of sales forthe month of May.

Improvement in steel

Steel ingot production has beenmoving slowly but steadily upwardafter having reached a very low pointearly in July. While the total outputfor last month was below that of June,and represented an operating rate inthe neighborhood of 50 percent ofcapacity, the decline reflected the nor-mal seasonal movement from June toJuly. Early August saw a pickup insteel production; in the week endingAugust 4 mills turned out 1,578,000 tonsof ingots and castings, about the sameas the early June level. Even if out-put for the remainder of August wereto go no higher than this rate, it wouldrepresent a better-than-seasonal gainover the month of July.

The significance of this strengtheningis that steel users by the end of themonth had made considerable progressin working off the excessive inventorieswhich had been built up earlier in theyear. The figures below, althoughconfined to manufacturers, indicate agood-sized reduction in steel stocks inMay and June and a lowering of thestock-consumption ra t io ; there werefurther decreases in July. While moresteel inventory reductions are likely,the maintenance of steel consumptionand the approach toward a more normalstock-consumption ratio have alreadybrought about some pickup in steelordering and a slight improvement inthe operating rate.

1961

1962

NovDoc

TanFobM ar

\prMayJune- - _

Stoolcon-

sump-tion

Steelstocks

Stock -con-

sump-tionratio

(million tons)

4 24.2

4.34.14.6

4.84.6

9.39.4

10.211.012.0

12.412.111.4

2.22.2

2.42 72^6

2.82.52.5

NOTE.—Data arc not adjusted for seasonal variation.

Source: Bureau of the Census.

Employment higher

Nonfarm employment after seasonaladjustment rose by 125,000 in July,about the same amount as in Mayand June, with a rise in nonmanu-fachiring offsetting a small decline inmanufacturing. The manufacturingreduction centered in nondurable goods;durable goods employment was un-changed for the second successivemonth. A slight decline in seasonallyadjusted hours of work was alsoattributable to soft goods industries.

Unemployment decreased by 450,000from June to July to a total of 4 million.The decline, which was a little morethan seasonal, brought the seasonallyadjusted rate of unemployment from5.5 percent of the civilian labor forcein June to 5.3 percent in Jury. TheJuly 1961 rate was 6.9 percent. Mostof the unemployment decline from lastmonth reflected increased summer em-ployment of teenagers, but it is note-worthy tliat there was also a reducedunemployment rate among adult males.

New order movements

New orders booked by manufac-turers averaged slightly below $33 bil-lion from January through May anddropped about 2 percent in Juneafter seasonal adjustment. New ordersfor durable goods, which reached apeak of $16.4 billion in January,have since shown a declining tendency.

In reviewing the movements ofthe durable goods sector in recentmonths it is necessary to considerseparately the important subgroups.Most prominent was the impact of apossible strike at steel producing plantscausing a forward shift in both ordersand deliveries into the earlier part

of 1962. With settlement of the wagenegotiations came a very sharp drop inorders in the spring, but, as noted above,there has been some improvementrecently.

The December-May movement ofdurable goods new orders, excludingprimary metals, was moderately up-ward but in June declined 4 percent.This drop in new orders probablyresulted from the failure of defenseorders to show the normal seasonalrise expected in June. The aircraftand communications industry groupsare important military producers andaccounted for more than half of thedrop in June new orders. As thehistorical data show, defense orderingis highly volatile and a monthty dropof the size which occurred in Juneis not uncommon. Indicators nowavailable for July suggest that activityin that month will be an improvementover June.

NEW ORDERS AND SALES-

MAJOR DURABLE GOODS MANUFACTURERS

Billion $

3.0

1958 1959 1960 1961Seasonally Adjusted

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

1962

62-8-2Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

further Rise in National Product and Income in the Second QuarterConsumption and Long-Term Investment Expand;Inventory Accumulation Off—Incomes Move Up

clONTINUED expansion in economicactivity during the second quartercarried the gross national product to anew high of $552 billion at a seasonallyadjusted annual rate, compared with$513 billion in the corresponding quar-ter of 1961.

The $7 billion advance recorded forthe second quarter over the first quar-ter of 1962 about matched that of thepreceding quarter. It was, however,achieved in the face of a significantdecline in the rate of inventory accumu-lation which partly offset the gainselsewhere. Final purchases of con-sumers, businesses, and Governmentrose in aggregate by almost $10 billion,representing the best gain of the cur-rent recovery period, apart from the$14 billion rise recorded for the closing1961 quarter.

Dominant factors in the first tosecond quarter advance were the $4%billion rise in personal consumptionexpenditures and the more than sea-sonal increase—$2 billion—in the resi-dential construction rate. Businesscapital outlays were up moderately forthe quarter, though not enough tooffset the $2% billion drop in the rateof inventory buildup. Governmentpurchases of goods and services, whichwere a major component of the firstquarter rise, made but a minor contri-bution to the most recent increasethough the trend of such purchases isupward. Net exports of goods andservices were unchanged from the firstquarter.

The second quarter rise in nationalincome approximated that in grossnational product, with higher laborincomes accounting for most of theimprovement. On the basis of incom-plete returns, corporate profits appearedto be little changed from the previousquarter. Personal income was up

nearly $8 billion for the quarter, at aseasonally adjusted rate, with purchas-ing power up only slightly less. Thequarter-to-quarter rise reflected mainlythe increases achieved in the earlyspring months. The May and Juneincreases averaged about $1 billioneach, with a similar rise recorded forJuly as noted in the preceding monthlysummary.

GNP Movements

The cumulative increase in GNP inthe five quarters following 1961's firstquarter low point has now reached $51billion, or 10 percent. After allowancefor price changes over the period, theincrease in the volume of goods andservices has been a little more than 8percent.

SECOND-QUARTER RISE IN GROSSNATIONAL PRODUCT TO NEW RECORD

Increase of $10, Billion in Final PurchasesPartly Offset by Reduced Inventory Buildup

Billion $560

550

540

530

520

510

500

490

GNP

InventoryChange

Final Purchases

J I

1960 1961 1962

Quarterly, Seasonally Adjusted, at Annual Rate

U.S. Department of Commerce, Office of Business Economics 62-8-3

Throughout 1961, the quarter-to-quarter relative increases in real outputtended to exceed those of the corre-sponding quarters of the 1954-55 and1959-60 periods of economic expansion.(See chart on page 5.) So far thisyear, however, increases in real outputhave fallen short of those for the corre-sponding quarters of the earlier periods,in which the cumulative five-quartergain in real output approximated 10percent.

As a background, however, it shouldbe noted that the decline preceding thecurrent upswing was less than thoseexperienced in the declining phases ofthe two earlier cycles. Inventory ac-cumulation has been a considerably lessimportant stimulant recently than ineither of these earlier periods. As indi-cated in the chart, the growth in thevolume of final purchases continues tocompare favorably with that for the1958-59 period, but the second quarter1962 increase was considerably short ofthat for the corresponding quarter ofthe 1955 upswing.

The roughly parallel movements infinal purchases do, however, concealrather divergent movements in themajor GNP components for the threeperiods. Recent growth in real con-sumer buying has been consistentlyshort of that for the 1954-55 period.While much of the difference stemmedfrom the extraordinary boom in theautomobile industry which reached apeak in the third quarter of 1955, in-creases in the nondurables and servicesarea were also somewhat short of the1954-55 experience. On the otherhand, the recent expansion in consumerbuying equalled or bettered the 1958-59experience until the most recent twoquarters.

Increased outlays for fixed capital,after allowance for the price factor, had

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SURVEY OF CURRENT BUSINESS August 19(32

until recently made a quicker andsignificantly greater contribution to eco-nomic expansion than during the earlystages of the 1954-55 recovery. Thiswas owing less to the vigor of the1960-61 growth in capital outlays thanto the fact that revival in capital goodsdemand occurred early in the presentbusiness cycle. The current expansionin business capital outlays continues tocompare relatively favorably with thelate and halting 1958-59 revival, thoughin real terms the totals are still below1957 peak rates.

Government purchases of goods andservices have played a significantlygreater role in the current rise than inthe two earlier periods of expansionunder review. The impact of govern-ment purchases was concentrated inlate 1961 and early 1962 and reflectedmainly programs designed to meet thethreat to Berlin and higher outlays inother areas of the defense program. Incontrast defense outlays were risingslowly during the 1958-59 period andin 1954 they were still declining fol-lowing the cessation of hostilities inKorea. On the other hand, State and

local government purchases have movedsteadily ahead, though recent increaseshave been somewhat less than thoserecorded in the earlier periods.

Consumer Buying ContinuesStrong

Personal consumption expendituresincreased to $355 billion for the quarter,up $4% billion over the first quarter.So far this year the rate of increasein consumer buying has been lower thanin 1961 because of durable goods spend-ing. Last year hard goods purchaseswere stimulated by the sharp revival inresidential construction, and the re-covery of auto sales from their relativelylow rate in the 1960-61 winter.

Auto sales improve—-furniture andappliance sales off

The second quarter gain in consumerexpenditures for autos and parts—$1billion—more than offset the minor dropin the first quarter, which was partlyoccasioned by poor weather, and thesales rate for the spring quarter wasthe best of recent years, even after

Table 1.—Gross National Product in Current and Constant Dollars (1-3, 1-5)

Gross national product

Personal consumption expendi-tures

Durable goods _ __Nondurable goodsServices

Gross private domestic invest-ment

New construction _

Residential nonfarm __Other

Producers' durable equipment .

Change in business inventories-

NonfarmFarm _

Net exports of goods and services-

Exports _ __,Imports

Government purchases of goodsand services.

Federal

National defenseOtherLess: Government sales

State and local

1959 1960 1961

1961

II III IV

1962

I II

Seasonally adjusted atannual rates

Billions of current dollars

482.7

313.5

43.6147.1122.8

72.7

40.2

22.317.9

25.9

6.6

6.5.1

-.8

22.923.6

97.2

53.6

46.27.0.5

43.6

503.4

328.5

44.8151.8131.9

72.4

40.7

21.119.7

27.6

4.1

3.7.3

2.9

26.423.5

99.7

53.2

45.78.1. 6

46.5

518.7

338.1

43.7155.2139.1

69.3

41.6

21.020.5

25.5

2.1

1.9.2

4.0

27.323.3

107.4

57.0

49.08.7.6

50.4

513.1

335.5

43.5153.9138.0

67.6

41.0

20.120.8

24.6

2.1

1.8.3

4.0

26.422.4

106.0

56.6

49.08.5.8

49.4

522.3

340.1

44.0156.2139.9

72.4

42.6

21.920.7

25.8

4.0

3.8.2

2.8

26.924.1

106.9

56.5

48.48.7.6

50.4

538.6

346.1

46.6157. 2142.3

76.6

43.2

22.820.4

27.4

6.0

5.9.1

3.8

28.324.5

112.1

59.5

50.89.2.6

52.6

545.0

350.2

46.3159.9144.1

75.9

41.6

21.220.5

27.6

6.7

6.6.1

3.7

28.224.5

115.2

61.9

53.09.6.6

53.3

552.0

354.9

47.2161.3146.3

77.4

44.5

23.321.2

28.9

4.0

3 9!l

3.7

29.025.3

116.0

62.1

53.29.5.6

54.0

1959 1960 1961

1961

II III IV

1962

I II


Billions of 1954 dollars

428.6

288.9

41.0138.7109.2

61.7

34.4

19.514.9

21.4

5.9

5.9-.0

-2.1

21.924.1

80.1

43.9

36.2

440.2

298.3

42.2141.4114.7

60.7

34.3

18.216.1

22.7

3.7

3.4.3

1.5

24.923.4

79.8

42.3

37.4

447.9

304.3

41.6143.3119.4

57.8

34.8

18.216.6

21.1

2.0

1.8.1

1.8

25.323.5

84.0

44.5

39.4

443.9

302.5

41.3142.3118.8

56.5

34.3

17.416.9

20.2

2.0

1.9.2

1.7

24.422.7

83.3

44.4

38.9

450.4

306.0

41.7144.4120.0

60.4

35.6

18.816.7

21.3

3.5

3.4.1

.7

25.124.4

83.3

44.1

39.2

463.4

310. 6

44.4144.9121.4

64.1

36.1

19.716.4

22.7

5.4

5.3.1

1.4

26.224.8

87.2

46.7

40.5

467.4

313.9

44.1147.0122.8

63.3

34.6

18.216.4

22.8

5.9

5.8.1

1.3

26.124.8

88.9

48.3

40.6

470 8

316.9

44.6148.1124.1

64.1

36.7

19.916.8

23.8

3.7

3.6.1

.7

26.625.9

89.2

48.6

40.6

allowance for price changes. In realterms, it was still more than 10 percentshort of the best quarters of 1955,when the widespread upgrading of lowerpriced models to which purchasers re-sponded favorably encouraged a sharprise in installment purchases whichresulted in a record volume of car sales.The outstanding volume of automobilepaper amounted to less than $10 billionat the beginning of 1955 as comparedwith nearly $17 billion at the beginningof 1962.

Sales of domestically produced carsapproximated 6% million units, at anannual rate, in the spring quarter, up byalmost half a million from the firstquarter of the year. The proportion ofcompact cars sold in each quarterrepresented about two-fifths of totalsales.

Sales trended down during the secondquarter from the very high April salespeak. In June, it is very likely thatsales were hurt by May's sharp declinein the stock market, but July wasanother good month with sales recover-ing to the second quarter level.

Consumer buying of furniture andappliances declined by almost $Kbillion, following a minor decline in thefirst quarter. Expenditures in thiscategory are below the best quarterlyrates of the last 3 years.

Consumer purchases of nondurablegoods were up $1% billion for thequarter with food accounting for two-fifths of the increase—clothing pur-chases were unchanged. The cumula-tive increase since early 1961 nowamounts to 6 percent for clothing, and 5percent for food with purchases in othercategories ranging downward from thelatter figure.

Consumer expenditures for servicescontinued to expand though at a slightly,reduced rate as compared with earlieryears, a tendency that showed up in1961 as indicated in the July NationalIncome Number of the Survey.

Moderate Rise in Investment

Gross private domestic investmentincreased $V/2 billion in the quarter,following a minor drop in the firstquarter. A $2% billion decline in the


August 11)02

rate of inventory accumulation wasmore than offset by a $2 billion rise inbusiness fixed investment and a $2billion rise in residential nonfarm con-struction.

The second quarter rise of $2 billionin business fixed investment was by agood margin the largest of the currentexpansion period and carried businesscapital outlays to a new high of $50billion at an annual rate. After al-lowance for price changes, this repre-sented a moderate gain over the 1960peak quarter, but it was still about 3percent below the level of early 1957,which was the high for the postwarperiod.

The first five quarters of the currentadvance have seen an 11 percent in-crease in the real volume of businessoutlays for structures and equipment.In 1958, such outlays did not turnupward until two quarters after therevival in general business, but in thefollowing five quarters, they also ad-vanced about 11 percent and thenpeaked out two quarters later, 18 per-cent above their low point. In the1954-55 period, the upturn in capitaloutlays was again delayed two quarters,but in the following five quarters rose17 percent. Some further slight ad-vance continued for another year.

The more recent expansions in capitaloutlays reflected almost entirelycyclical fluctuations in manufacturingand continued growth in the com-mercial sector, modified somewhat bycyclical factors. The trend in publicutility expenditures has been slightlydownward since 1957, and there hasbeen no boom in auto sales comparableto that of the 1954-55 period.

inventory accumulation moderate

Inventory buying contributed $4billion, at an annual rate, to secondquarter output, representing a declinefrom the $6% billion noted for the firstquarter. The reduction is largely ac-counted for by the fact that in thedurable manufacturing industries afirst quarter rise of $5 billion, stimulatedby the prospect of a steel strike, wasfollowed by a minor rise of $1 billion inthe second quarter. Manufacturers ofnondurable goods also sharply reducedtheir stock-buviup- rate. On the other


hand, a net liquidation of $1 billionin retail trade in the first quarter gaveway to a buildup of almost the sameamount in the second quarter, and therewas some advance in the rate of ac-cumulation in wholesale trade firms.

As noted earlier, inventory accumu-lation has played a less prominent rolein the current than in earlier expansionsof business activity. Over the pastfive quarters, it has accounted for but18 percent of the rise in GNP. Thiscompares with 35 percent for thecorresponding quarters of 1958-59,though it must be noted that in theclosing quarter of that period, industrywas expecting a steel strike. Even inthe period 1954-55, however, the cor-

responding figure was about 23percent.

Undoubtedly, the moderate accumu-lation of inventories in recent monthshas been due in part to the fact that,the 1960-61 decline in stocks was mildand limited to two quarters. There are,on the other hand, a number of otherfactors which may help to explainbusinessmen's desire to minimize in-ventory accumulation. Plant capacityis now adequate to meet all expectedneeds and the fear of shortages andhigher prices, prominent in the earlypostwar period, is no longer a buyingconsideration. Prices have been rela-tively stable in recent years, and short-term interest rates, as measured by the

RISE IN REAL GROSS NATIONAL PRODUCT AND MAJOR COMPONENTS

For Three Recent Cyclical Advances

index

115

110

105

100

120

110

100

90

120

110

100

90

GROSS NATIONAL PRODUCT

1954-55

1961-62

115FINAL PURCHASES

1961-62

BUSINESS FIXED INVESTMENT

J I L

GOVERNMENT

PERSONAL CONSUMPTIONEXPENDITURES

110 -

105 -

100

120

110

100

90 I L

140

1954-55

I L

120

100

80

RESIDENTIAL CONSTRUCTION

J_

Quarters After Trough

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

4 5


SUEVEY OF CURRENT BUSINESS August 1962

rates for prime commercial paper, arenow relatively high, at least as com-pared with 1954-55. Finally, it isgenerally believed that modern (elec-

tronic) methods of inventory controlwork for lower levels of inventoryholdings at all stages of the businesscycle.

Table 2.—Personal Income and Its Use (II-2)

[Billions of dollars]

Personal income

Wage and salary disbursements

Commodity -producing industriesManufacturing only _ _ _ -

Distributive industriesService industries _ _ _ -Government -

Other labor income _

Proprietors' income _ _ _Business and professional _-Farm

Rental income of persons

Dividends

Personal interest income

Transfer payments

Old-age and survivors insurance benefitsState unemplovment insurance benefitsVeterans' benefits _ . . .. . .Other

Less: Personal contributions for social insurance. __

Less* Personal tax and nontax payments _

FederalState and local -- -- --

Equals* Disposable personal income

Less* Personal consumption expenditures

Equals: Personal saving -. _ . . _

Addendum: Disposable personal income in constant(1954) dollars

1959

383.9

258. 5

107.284.768.237.745.3

10.4

46.535.111 4

11.9

13.7

23.5

27.5

10.22.54. 5

10.3

7.9

46.8

40.46.4

337.1

313. 5

23.6

310.7

1960

400.8

271.3

110.487.471.840.748.4

11.0

46.234.212 0

11.9

14.4

25.8

29.4

11.12.84. 5

10.9

9.2

51.4

44.07.4

349.4

328. 5

| 20.9

317. 3

1961

416.4

278.8

110.887.572.943.451.8

11.4

47.834.813.1

12.3

15.0

27.4

33.4

12.64.04.8

12.0

9.7

52.8

45.07.8

363.6

338. 1

25.6

327.3

1961

II III IV

1962

I II

Seasonally adjusted at annual rates

413.5

276.9

110.387.172.443.151.2

11.3

47.234.512.7

12.2

14.8

27.2

33.4

12.54.44.9

11.5

9.6

52.5

44.77. 8

361.0

335. 5

25. 5

325. 5

419.4

281.0

111.788.273.443.852.2

11.4

48.135.113.1

12.3

14.9

27.5

33.7

12.83.94.7

12. 3

9.7

53.0

i 45. 17.9

366. 3

! 340. 1

i 26.3

329.7

427.3

286.1

114.390.773.944.353. 6

11.6

49.536.013.6

12.5

15.5

28.1

33.8

13.43.74.8

11.9

9.9

54.6

46.78.0

372.6

346.1

26.5

334. 5

432.0

289.9

115. 091.974.945.154.9

12.0

49.136.212.9

12.6

15.8

28.8

34.1

13.73.34.8

12.3

10.3

56.4

48.0i 8.4

375. 6

350. 2

25.4

336. 6

439.5

295.9

118.194.476.145.955.8

12.3

49.536.812.8

12.8

15.8

29.4

34.2

14.42.74.8

12.3

10. 5

57.7

49. 28.5

381. 8

354. 9

26.9

340.9

Table 3.—Gross National Product by Major Type of Product, in Current and ConstantDollars (1-6, 1-7)


Final salesInventorv change

Goods outputFinal salesInventorv change

Durable goods outputFinal salesInventorv change

Nondurable goods outputFinal salesInventory change

Services _ _

Construction .

1959

!

I960 | 1961

1961 1962

II III IV I II


Billions of current dollars

482.7

476. 16.6

250.6244.0

6.6

95.091.53.5

155.6152.5

3.1

175.8

56.3

503. 4 518. 7 513. 1

499.4 516 6 511 04.1

258.2254.1

4.1

97.295.02.3

160.9159.2

1.8

188.6

56.7

2.1

259.4257.2

2.1

94.094.0

.0

165.4163. 3

2.1

200.7

58.6

256.6254. 4

2. 1

91. 392.6

-1.3

165.3161. 8

3.4

199.0

57.5

522.3

518 34.0

261.8257. 8

4.0

97.794.33.4

164. 2163.5

.6

201.3

59.2

538. 6

532 66.0

271.0265.0

6.0

102. 398.83.5

168.8166.3

2.5

206.6

61.0

545. 0

538 36.7

274.9268.2

6.7

103.499.93.5

171.5168.4

3.1

211.1

59.0

552.0

547.94.0

276.7272.6

4.0

104.5102.6

1.9

172.2170.0

2.2

213.5

61.8

1959 1960 1961

1961

II III IV

1962

I II


Billions of 1954 dollars

428.6

422 75.9

228.8222.9

5.9

82.980.03.0

145.9143.0

2.9

151.4

48.3

440.2

436.53.7

234. 0230.3

3.7

85.082.92.1

149.1147.5

1.6

158.3

47.8

447.9

446. 02.0

233. 5231.5

2.0

82.182.0

.1

151.4149.5

1.8

165.2

49.3

443.9

441.92.0

231.2229. 2

2.0

79.780.7-1.0

151.5148.5

3.1

164.2

48.5

450. 4

446. 9

235. 3231.8

3. 5

85.082.03.0

150.3149.8

.5

165. 4

49.7

463.4

458.15.4

243. 7238.4

5.4

89.486.33.1

154.4152.1

2.2

168.7

51.0

467.4

461.55.9

246.4240. 5

5.9

89.987.02.9

156.5153.5

3.0

171.8

49.2

470.8

467.23.7

247.1243. 4

3.7

90.388.71.6

156.8154.7

2.1

172.7

51.0

Residential construction recoversfrom winter lull

Residential construction was a strongexpansive force in the second quarter,following its lagging influence duringthe winter months. On an adjustedbasis, housing starts had declined latein 1961 and continued to decline in thefirst 2 months of this year. Meanwhile,building permits issued had held ata high rate throughout this period.Housing starts began to advance inMarch and were above a 1.5 millionannual rate in April and May beforea decline in June. The value of resi-dential construction put in place wasup by over $2 billion on a seasonallyadjusted annual rate basis from thefirst to the second quarter, which morethan offset the decline in the precedingquarter.

The rise in housing this spring hasbeen quite general, including bothconventionally financed and FHA-VAstarts, metropolitan and nonmetropoli-tan areas, and one-family houses aswell as apartments. Nevertheless, theadvance has emphasized trends ofrecent years toward multifamily unitsand conventional financing. FHA-VAapplications for financing of new unitsin the first half of 1962 were a littlehigher than a year earlier, but theyhave since drifted downward. Mort-gage financing terms have remainedreasonable7 easy for borrowers as wellas attractive to lenders at a time whendemands for other types of loans havebeen rather moderate, and the volumeof mortgage financing has shown asubstantial advance.

Government purchases

Government purchases of goods andservices were up only about $% billionfor the quarter, a low figure in termsof the basic upward tendency. Thiswas the smallest increase since late1960 and compares with increases of $5and $3 billion, respectively, for theclosing 1961 and opening 1962 quarters.The most recent increase was duealmost entirely to higher purchases byState and local governments, as Federalbuying was virtually unchanged.

(Continued on page 32)Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1962 SURVEY OF CUEEENT BUSINESS

Table 4.—Relation of Gross National Product, National Income, andPersonal Income (1-18)


Table 6.—Personal Consumption Expenditures by Major Type (II-6)[Billions of dollars]


Less: Capital consumption allowances.

Equals: Net national product

Less: Indirect business tax and nontaxliabilitv

Business transfer paymentsStatistical discrepancy

Plus: Subsidies minus current surplusof government enterprises

Equals: National income

Less: Corporate profits and inventoryvaluation adjustment

Contributions for social insur-ance _

Excess of wage accruals over dis-bursements

Plus: Government transfer paymentsto persons __ _

Net interest paid by government.Dividends _Business transfer payments

Equals: Personal income

1959

482.7

41.0

441.7

42.62.1

-3.0

.4

400.5

47.2

17.6

.0

25.47.1

13.72.1

383.9

1960

503.4

43.2

460.2

46.52.1

-3.4

.5

415.5

45.6

20.6

.0

27.37.8

14.42.1

400.8

1961

518.7

45.3

473.4

48.22.1

-3.1

1.7

427.8

45.5

21.6

.0

31.37.3

15.02.1

416.4

II

1961

III IV

1962

- I -Seasonally adjusted at annual

rates

513.1

45.0

468.1

48.02.1

-4.4

2.0

424.3

45.0

21.5

.0

31.27.4

14.82. 1

413.5

522.3

45.7

476.6

48.32.1

-3.1

2.1

431.3

46.0

21.8

.0

31.67.2

14.92.1

419.4

538.6

46.6

492.0

49.72.1

-1.9

2.0

444.0

51.1

22.1

.0

31.67.2

15.52.1

427.3

545.0

47.0

498.0

50.22.1

-1.4

1.8

448.9

50.4

23.6

.0

31.97.3

15.82.1

432.0

552.0

47.5

504.5

51.42.1

n.a.

1.8

n.a.

n.a.

23.9

.0

32.07.4

15.82.1

439.5

Table 5.—Government Receipts and Expenditures (III-3, III-4)


Federal Government receipts -

Personal tax and nontax receipts _ _Corporate profits tax accrualsIndirect business tax and nontax

accrualsContributions for social insurance--

Federal Government expenditures

Purchases of goods and services

Transfer pay meritsT o p e r so n sForeign (net)

Grants-in-aid to State and localgovernments

Net interest paid

Subsidies less current surplus ofgovernment enterprises

Surplus or deficit (— ) on incomeand product account

State and local government receipts

Personal tax and nontax receipts. _Corporate profits tax accrualsIndirect business tax and nontax

accrualsContributions for social insurance--Federal grants-in-ald

State and local government expendi-tures

Purchases of goods and servicesTransfer payments to personsNet interest paidLess: Current surplus of govern-

ment enterprises

Surplus or deficit (— ) on income andproduct account

1959

90.3

40.422.0

13.014.9

91.4

53. 6

22.220.61 5

6.7

6.4

2.5

-1.1

46.6

6.41.2

29.62.76.7

47.0

43.64.8.7

2.1

-.3

1960

96.9

44.021.2

14.117.6

93.1

53.2

23.822.2

1. 6

6.3

7.1

2.8

3.8

50.4

7.41.3

32.53.06.3

50.0

46.55.0

2.2

.4

1961

98.3

45.021.0

13.918.4

102.1

57. 0

27.425. 8

1. 0

7.0

6.6

4. 1

-3.8

53.6

7.81.3

34.23.27.0

54.2

50.45.4. 7

2.4

-.6

II

1961

III IV

1962

I II

Seasonally adjusted at annualrates

97.7

44.720.6

14.118.3

101.9

56.6

27.325.81.5

7.0

6.7

4.3

-4.2

53.1

7.81.2

33.93.27.0

53.2

49.45.5.7

2.4

-.1

98.9

45.121.3

13.918.6

102.2

56.5

27.726.21.5

7.0

6.5

4.5

-3.3

53.8

7.91.3

34.43.27.0

54.1

50.45.4. 7

2.4

-.3

103.8

46.723.7

14.718.8

105.1

59. 5

27.826.11.6

7.0

6.4

4.4

-1.3

54.8

8.01.4

35.13.37.0

56.4

52.65.5.7

2.4

-1.6

105.9

48.023.0

14.620.3

108.3

61.9

28.026.31.7

7.5

6.6

4.3

-2.4

56.3

8.41.4

35.63.37.5

57.1

53.35.6. 7

2.5

-.8

n.a.

49. 2n.a.

15.220.5

109.0

62. 1

28.026.3

1.7

7.9

6.7

4.3

n.a.

n.a.

8.5n.a.

36.23.47.9

57.8

54.05.7

2.5

n.a.

Goods and services, total

Durable goods, total

Automobiles and parts

Furniture and household equip-ment

Other

Nondurable goods, totaL__

Food and beverages

Clothing and shoes

Gasoline and oil

Other __

Services, total

Housing

Household operation

Transportation

Other

1959

313.5

43.6

18. 1

18.9

6.6

147.1

77.7

27.5

11.1

30.9

122.8

39.6

18.1

10.0

55.1

1960

328.5

44.8

18.8

19.1

7.0

151.8

79.5

28.1

11.7

32.5

131.9

41.8

19.6

10.7

59.7

1961

338.1

43.7

17 2

19.3

7.3

155.2

81.1

28.6

11.9

33.6

139.1

43.9

20.6

11.1

63.5

1961

II III IV

1962

I II


335.5

43.5

16 9

19.2

153.9

80.6

28.0

11.7

33.6

138.0

43.6

20.6

10.9

62.9

340.1

44.0

16.9

19.7

156.2

81.5

29.0

11.9

33.8

139.9

44.1

20.7

11.1

64.0

346.1

46.6

19.4

19.8

157.2

82.1

29.2

12.1

33.8

142.3

44.8

21.0

11.4

65.1

350. 2

46.3

19.1

19.7

159.9

83.7

29.8

12. 1

34.3

144.1

45.2

21.3

11.5

66.0

354.9

47.2

20.3

19.3

7.6

161.3

84.2

29.8

12.3

34.9

146.3

45.7

21.8

11.5

67.3

Table 7.—Foreign Transactions in the National Income Accounts(IV-2)


Receipts from abroad

Exports of goods and services

Payments to abroad

Imports of goods and servicesNet transfer payments by Govern-

mentNet foreign investment

1959

22.9

2° 9

22 9

23.6

1.5—2 3

1960

26.4

26.4

26.4

23.5

1.61 3

1961

27.3

27. 3

27.3

23.3

1.62 4

1961

II III IV

1962

I II


26.4

26.4

26.4

22. 4

1.52 4

2G.9

26.9

26.9

24.1

1.51 3

28.3

28.3

28.3

24.5

1.69 9

28.2

28.2

28.2

24.5

1.79 0

29.0

29.0

29.0

25. 3

1.72 0

Table 8.—Sources and Uses of Gross Saving (V-2)[Billions of dollars]

Gross private saving

Personal saving _ _Undistributed corporate profits, __Corporate inventory valuation ad-

justmentCapital consumption allowanceExcess of wage accruals over dis-

bursements -

Government surplus on income andproduct transactions-

FederalState and local

Gross investment _ _ _ _ _

Gross private domestic invest-ment

Net foreign investment

Statistical discrepancy

1959

74.9

23.610.8

— 541.0

.0

-1.5

-1.1-.3

70.4

72.7-2.3

-3.0

1960

72.9

20.98.6

43.2

.0

4.2

3.8.4

73.7

72.41.3

-3.4

1961

79.2

25. 68.3

o45.3

.0

-4.4

-3.8-.6

71.7

69.32.4

-3.1

1961

11 III IV

1962

I II


78.7

"s!i2

45.0

.0

-4.3

-4.2-.1

70.1

67.62.4

-4.4

80.4

26.38.7

— 345.7

.0

-3.6

-3.3

73.8

72.41.3

-3.1

83.5

26. 510.8

— 346.6

.0

-2.9

-1.3-1.6

78.8

76.62.2

1 9

82.5

25. 49. 9

347.0

.0

-3.3

-2.4-.8

77.8

75.92.0

-1.4

n.a.

26. 9n.a.

n.a.47.5

.0

n.a.

n.a.n.a.

79.4

77.42.0

n.a.


By EDWIN J, COLEM AN

Personal Income by States in 1961All States Show Recovery From Cyclical Low

In Most Areas Income at Record

JL HIS annual report on the Statedistribution of consumer incomes re-cords the experience of each State in1961, as measured by the flow ofpersonal income.

Preliminary estimates of total andper capita personal income in 1961were given in the April issue of theSurvey. This report presents the com-prehensive annual estimates made atthis t ime for total and per capitaincome for the period 1959-61, plusdetailed breakdowns of the total byindustrial source and type of income.Both the minor revisions from the pre-liminary 1961 aggregates, and the addi-tional detail presented, reflect the largeamount of basic in format ion availablefrom Internal Revenue Service reportson income from rents, dividends, andinterest; payroll data for the full year1961 from unemployment insurance re-ports; and the revised national totalsgiven in the July Survey for manyincome components. See note on page11 for sources of personal income foryears prior to 1959.

State estimates of disposable in-come—personal income less personaltax and nontax payments—normallypresented in alternate years, are notshown in this issue of the Survey.They are, however, available uponrequest.

A review of economic developmentsas they affected the geographic distri-bution of income in 1961 accompaniedthe preliminary figures presented earlierthis year. Highlights only from t h a treview are summarized here. Factorsunderlying income changes in the indi-vidual States can be studied throughthe percentages in table II.

Incomes sharply higher

Indiv idua l incomes rose rapidlythroughout the country during the lastthree quarters of 1961 as cyclical re-

covery and cont inued expansion com-bined to send economic activity to newhighs in all regions and in most States.Personal income in the country as awhole rose $27 billion, or 7 percentfrom January to the closing months oflast year. At year-end, consumer in-comes were appreciably higher than inthe opening months in nearly everyState as most industrial sources of in-come continued to expand at moderaterates.

Income up in all regions

On an annual basis, personal incomein the countiy as a whole totaled $414billion in 1961, a rise of $15 billion or 4percent over 1960. By regions, per-

WAGE AND SALARY CHANGES IN THE

1960-61 CYCLE

In Most Regions Private Nonfarm Payroll Gains

Exceed Earlier Declines

Decline From Peak Recovery From Low Quarter

to Recession Low to 4th Otr. 1961

Percent Change

- 6 - 4 - 2 0 2 4 6 8

UnitedStates

Rocky Mountain

Far West

South East

New England

Great Lakes;:£:£:::::::::::::::::::;:

Mid East

South West

Plains

J L

U.S. Department of Commerce, Office of Business Econom 62-8-5

centage increases were fairly uniform.In four of the eight regions—the South-east, Soutinvest, Rocky Mountain, andFar West—consumer incomes rose 5percent from 1960 to 1961. In NewEngland and the Plains States, the riseequalled the national rate of 4 percent;in the Mideast it was a shade less.Only in the Great Lakes Region, wherethe recession had hit hardest did therate of income change—2 percent—differ markedly from that in the countryas a whole. This was because manu-facturing income, which is unusuallyimportant in this area, registered a verysmall gain on a year-to-year basis.Nonmanufacturing income flows in thisregion were up 5 percent over 1960—the same as in the Nation.

Record per capita income

Nationally, per capita income lastyear amounted to $2,263—2 percentabove the previous record of $2,215attained in 1960. Since populationincreased in nearly all States in 1961,the rise in average incomes was lessthan that in total income in most areas.Generally, State per capita increases fellwithin a range of 1 to 4 percent. In anumber of States such as North Dakota,Arkansas, Montana, and Michigan,per capita incomes rose or fell appre-ciably under the impact of farm incomefluctuations or of the decline in durablegoods production.

Numerous factors were responsiblefor differences in rates of income changeamong the States last year. In mostinstances, their effects were mild and nosingle development dominated. Themain features affecting the personalincome flow in 1961 were: (1) A declinein durable goods production; (2) fluctua-tions in farm income; (3) the expansion-ary influence of government; and (4)long-term trends.


August 1962 SURVEY OF CURRENT BUSINESS 9

Recession—effect on Great LakesRegion

In the country as a whole the mild1960-61 recession, spanning the year-end, resulted in little more than alevelirig-off in the flow of personalincome. Industrially, it focused indurable goods manufacturing; geo-graphically, it had most effect on theGreat Lakes States, the only regionto experience a fall in total earningsof factory workers in 1961. Concentra-tion of the manufacturing reduction inthe Great Lakes Region reflected thefact that over half of the three indus-tries with largest declines in 1961—automobiles, nonelectrical machinery,and primary metals—are located in thisarea. Moreover, whereas nationally,payrolls in these three industries de-clined 4 percent, in the Great LakesStates they were off 7 percent.

In New England and the Mideast,factory payrolls were little changedfrom 1960 to 1961, reflecting the lesserreliance of these two regions on durablegoods manufacturing. In the other fiveregions, manufacturing was less of alimiting factor on the flow of totalincome. This was the result of thesmaller role of the industry as an incomesource and the more stable characterof the types of manufacturing activitypredominant in these areas.

Farm income changes vary widely

Nationally, income from agriculturerose 7 percent in 1961—a reflection ofincreased livestock production, smallercrop output, somewhat higher produc-tion expenses, and a large rise inGovernment payments to farmers. Ona State basis, farm income in 1961,exhibiting its characteristic volatility,ranked with manufacturing in causingshifts in the geographic distribution ofincome. There was little evidence ofconformity to the national patternamong the States. Changes in agri-cultural income varied within the broadrange of Illinois7 37 percent rise, to adecline of more than one-half in NorthDakota.

Farm income was a limiting factorin New England, the Mideast, the ParWest, and Rocky Mountain regions.

647703—62 2

In the first three regions, the declinesstemmed mainly from lower receiptsfrom poultry, eggs, fruits, and vege-tables. In the Rocky Mountain Statesagriculture was a weak spot in an other-wise buoyant economy. In the fourremaining regions, there were substan-tial gains in income from farming. Thelargest relative rise—one-fourth—wasin the Great Lakes States where theadvance did much to counter the de-cline in manufacturing and to sustainthe flow of income in the distributiveand service industries.

Government supports recovery

Government income payments topersons were the most expansionaryelement in the income flow last year.Nationally, the}' rose 9 percent from1960 to 1961 compared with an increaseof 3 percent in income from all othersources.

The major factor making for geo-graphic irregularities in the flow of in-come from government was the largeadvance in unemployment insurancebenefits. These rose from $3 billion in1960 to U% billion in 1961. In fiveStates—New York, Pennsylvania, Mich-

Table I.—Changes in Total and Per Capita Personal Income, by Stales and Regions,Selected Years, 1950-61

State and region

United States

New EnglandMaine. - - _ - -New HampshireVermontMassachusetts - ..Rhode IslandConnecticut

MideastNew YorkNew JerseyPennsylvania - -DelawareMarylandDistrict of Columbia

Great LakesMichigan ._ _ - . -OhioIndianaIllinoisWisconsin - - - . -

PlainsMinnesota -IowaMissouri -North DakotaSouth Dakota _ _ .NebraskaKansas - - - -

Southeast -.Virginia . . _West Virginia. _ -Kentucky _ . .TennesseeNorth CarolinaSouth CarolinaGeorgiaFlorida - - _ -Alabama _ _ . . _ -MississippiLouisiana - _ _Arkansas

Southwest -OklahomaTexasNew MexicoArizona

Rocky MountainMontanaIdahoWyoming . . _ .ColoradoUtah

Far WestWashington .-OregonNevadaCaliformia - --

Alaska -Hawaii

Total personal income Per capita personal income

Percent of United States

1950 | 1957

|100. 00

6.73.48.31.20

3. 45.57

1.72

26.3612. 433 867.30.31

1.67.79

22.514.795 7'?2. 667.102.24

8.801.861.682.53.35.35.86

1.17

15. 171.78.98

1.261.461.82.83

1. 561.611.18.71

1.30.68

6.501.114.61.35.43

2.23.42.34.21.86.40

11.701.771.09.14

8.70

.14

.31

100. 00

6.54.46.31. 18

3.25.49

1.85

25.4011.814.076. 75.35

1.83.59

22.504.855.992.646.872.15

8.051.771.462.38.27.31.76

1.10

15.421.83.88

1.201.391.71.81

1. 562.231.21.61

1.40.59

6.801.074.75.40.58

2.26.37.31.19.97.42

13.031.67.97.19

10. 20

.15

.31

1961

100.00

6.53.44

32' 18

3.29.47

1.83

24.8711.724.096.26.33

1.90.57

21.194.365. 562.526. 622. 13

8.041.801.432.38.24.31.75

1.13

15.751.87.76

1.211.401.83.83

1.592.481.19.66

1.30.63

6.921.084.71.43.70

2.29.32.30.19

1.04.44

13.891.67.99.22

11.01

.15

.37

Percentchange

1960 to 1961

4 :

4 i0

2544

34

2364

2-1

1233

4564

-102

'5517665343739

54638

5-2

5176

553

106

07

Percent of United States

1957 1961 !

100

112829181

11497

137

117124124105141108130

11011011099

12296

9191919573789288

71828070686659698965487656

8780897988

929482989785

11710496

123122

11794

100

11181 :94 :

84 i115 i99

128 |

116126120 !

100 1133109 i138 !

105100103 i

98 !11897

949594

10069839695

73847572717363738766547264

8783888092

958780

10010788

119105100133123

119106

Percentchange

1960101961

2

3-1

21432

2221134

1-2

0122

3453

-10114

331a454202518

33402

323

54

23262

0

4


10 SURVEY OF CURRENT BUSINESS August

igan, Ohio, and California—the in-creases in UI benefits ranged from $100million to $160 million. Together,residents of these States received $2billion from this source last year.

Dollar increases in government pay-rolls were large, as both number ofemployees and their average wagesrose. The largest changes in Federalwages and salaries were associatedwith shifts of military personnel. Rela-tive increases in State and local pay-rolls showed wider variations than

those of Federal agencies, with in-creases common in both the educa-tional and nonschool portions of Stateand local governments.

There were substantial increases inpublic assistance in a half dozen States,mainly those where the recession hadgreatest impact. In Kentucky, pay-ment of a $90 million bonus to veteranswas responsible for a sizable increasein government disbursements. In Penn-sylvania, a reverse situation obtainedas the bulk of that State's bonus to

veterans was paid in 1960. In bothinstances, the change had a measurableeffect on total income.

State changes in mining and trans-portation activity—largely declines—bore the imprint of the dip in industrialdemand for mineral products and fortransportation services. Geographicshifts in construction activity tended toparallel developments in other com-modity-producing industries, with someoffsets provided by the Federal High-way Program; the construction of

Table II.—Percent Changes in Industrial Sources of Personal Income, by States and Regions, 1960-61

State and region

United States

New EnglandMaineNew HampshireVermontMassachusetts . _ -Rhode IslandConnecticut

MideastNew YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of Columbia

Great LakesMichiganOhioIndiana .-IllinoisWisconsin

Plains - -MinnesotaIowaMissouri - --North DakotaSouth DakotaNebraskaKansas - -

SoutheastVirginia - -"West VirginiaKentucky - - -TennesseeNorth CarolinaSouth Carolina .- -(GeorgiaFlorida - - - -VlabamaM ississippiIjOiiisianaVrkansas - -.

SouthwestOklahomaTexasNew MexicoVrizona - - -

Rocky Mountain -Montana -.IdahoW voin ingColoradoUtah

Far WestWashington - . . . . _Oregon ..NevadaCalifornia

Vlaska -Hawaii .- - - -

Broad industrial sources of income

Totalper-

sonalincome

4

40

44

34

9364

2-1

1

33

4

64

—99

3

1

P)6

343739

54638

5

1

6

5

3106

07

Farmincome

7

-22-39-13-4

-17—22-19

-40

-8-4

— 7

2319102537If)

il%

^i,-8

8

'5-14

23219

179

15

241320

13-1

i 188

-16-38

i —8-8

i — 6! -13

-3— 5

-11-3

03

Non-farm

income

4

5353545

44o23

\

-I11

3

4533

10

4

4

i6

P)4343537

\528

647286

654

116

07

Government incomedisbursements

Total

9

10779

118

10

99

118

10114

10111197

13

81089

12567

107

1220101309

12889

12

8794

10

899

1068

109

101410

16

Fed-eral

9

10

P>8

118

11

910101010103

12Hi12111010

710

1103

p>

9

1112109

81199

1114

7

74

10

9101L12

9

1110111211

-46

Stateand local

9

10108

1010

10

8

124

12138

8

11

41<)

1011108

'I!

'11123S9

204

1113

10

123

10

f,6

8• <>1 6

8! 7

9i 1(>

8

238

Privatenonfarmincome

2 1

4 i

1434 |

23 141

44

0 !-3

i !0

1

33

312 i

4 !4

24

1443

31

434 i

8

620

-18G

54

10i 5

i8

Income received by persons for participation in current production

Allprivate

nonfarmindus-tries

2

3140333

29

40144

-1

-11o23

1

1343

3

1

3

()1

04

43418

!5

-286

441

ll-2

6

Min-ing

-2

61718

94

-8-4— 6

-100

10

-3-11-1

_91

-5-Ifi

33

34

_3-11

032

— 8-12_9

19

13()

f>

2

320

—23

64

1206

140

Contract Manu-construc- factur-

tion ing \

! !

1 0

1 2-4 ! 0

—9 ; —29 j 9

4 11 3

1 02 0

15 -23 28 7

-3 -4— 5 —8-4 -4

-1 ! (11 -3

1 i 3-fi i 0

3 i -2-3 -142 14

1 4f i | 3

-1 29 ! 43 | 03 ! 18 ! 24 i 3

— 5 3-fi 1

-14 9-5 1

8 2-3 018 4

5 3o ! i8 i 3

-4 I -14 7

11 i 85 i 1

19 ; 3-18 ' -2

20 109 i 11

5 37 ! 4

-2 017 76 4

-30 52 14

Whole-sale and

retailtrade

2

313141

o1313

3

0-1

0()

1

3323

t\42

13

0

312

11

-1

39

314

321253

33163

-93

Finance,insur-

ance, andreal

estate

6646656

89650

57

6

P)

4

785p>

129P)

6

1

811

8p)

1037

8882

11

713

10

739

167

P)13

Trans-porta-tion

-1

1

1_9 :

1

1

00

-143

-Ifi

-4— P)-4_2-3— 4

1

-3

— 49

-1

0-1-3-3

0

29

60

— 2

01

0J

00

_9

-332

1

0P)1

-2

Com-munica-tions and

publicutilities

4

4

93

'•53p)55p)9

323324

44244

4

4624186434534

42

36

646

1754

45693

584

Serv-ices

5

64

13

774

54P3

f7

3

4333

(10

43

1?

7

4

(

i'

r

4

7f

<"17

'

K

{L

ii(

i*



missile sites, and other defense ac-tivities.

In a number of States, particularlyin the Southwest and West, there werestrong income gains and no discernibleeffects of the 1960-61 downturn inbusiness activity. Here, the increasesrepresented a continuation of thegrowth that has characterized Statesof these areas in recent years. Since1957, relative increases in noiifarmincome in Arkansas, Arizona, Cali-fornia, Colorado, Idaho, Nevada, SouthDakota, and Utah have exceeded thenational rate by good margins.

NOTE

Estimates of personal income byStates for all years since 1929 may befound in the following publications ofthe Office of Business Economics:"Personal Income by States Since1929." This supplement to the Surveycontains estimates of total income forthe years 1929-53 and of per capitaincome for the period 1929-49. Thetext of this publication gives completeexplanations of the concept, statisticalderivation, and reliability of the esti-mates as well as an analysis of geo-

graphic income shifts over the period1929-55. The Personal Income sup-plement also contains detailed break-downs of income in each State accordingto type and industrial source for theyears 1929-53. Estimates of totalincome since 1953 and of per capitaincome since 1949 are contained intables 1 and 2 of this issue of theSurvey. Details for 1954-56 may befound in the August 1959 Survey, for1957, in the August 1960 Survey; for1958, in the August 1961 Survey, andfor 1959-61 in tables 4-70 in theAugust 1962 Survey.

Table 1.—Total Personal Income, by States and Regions, 1954-61

Table 2.—Per Capita Personal Income, by States and Regions, 1950-61

State and region

United States _ .

New EnglandM aine _New HampshireVermontM assachusettsRhode IslandConnecticut ._

MideastNew YorkNew JerseyPennsylvaniaDelawareVlarylandDistrict of Columbia- ..

Great LakesMichiganOhioIndianaIllinoisWisconsin

PlainsM innesotaIowa\1 issotiriNorth DakotaSouth DakotaNebraskaKansas

Southeast - -Virginia"West VirginiaKentuckyTennesseeNorth CarolinaSouth CarolinaGeorgia -FloridaAlabamaMississippiLouisiana. _Arkansas

Southwest _ _ -OklahomaTexasNew Mexico . _ _Arizona

Rocky MountainMontana ._.IdahoWyomingColorado.. .Utah

Far WestWashingtonOregon _ _Nevada . - ._ _California

AlaskaI lawaii

Table 1 (millions of dollars)

1954

285,339

18,8571, 312

894543

9,4031, 5155,190

73, 23134, 18911,62219, 572

9065 0841, 858

64, 89414, 12717, 241

7, 62319, 7516, 152

24, 0845, 1544,4897,055

783910

2, 2593, 434

43, 1485, 2562,4143, 6274, 0565, 0232,4144,4145, 3123, 2581, 8363, 7561,782

19, 1363 162

13, 3911,0881,495

6,1741,071

880537

2,5431,143

35,8154,9562,919

50827, 432

493893

1955

306 598

20, 2001, 452

952567

10, 0561. 6175, 556

78, 01436, 50812, 35120, 706

1,0495, 4531,947

70, 20815, 78518, 5898,251

20, 9686,615

24, 6835, 4504, 2607, 579

872861

2, 2033, 458

47, 1545,6032, 5863, 7824, 3475, 5352, 6044,9186, 0883, 7082, 0653, 9851,933

20,5133,341

14, 3801,1591, 633

6,6701, 158

917570

2,7831,242

39, 1565.2113,139

58230, 224

500952

1956

330,380

21, 6421, 5321,006

60610, 7191,6776, 102

84, 05839, 02313, 37922, 4101,2045, 9982,044

75,34116, 58719, 9018,859

22, 8577, 137

26, 2005, 7684, 5728,082

917926

2.2943,641

50, 9716, 0942,8784. 0224, 6525 9022,7115. 2746. 9793,9322,0974. 4242, 006

22, 1053.572

15, 4221,2571, 854

7,2851,2291,024

6143,0641, 354

42, 7785,5023,398

60533, 273

5481,024

1957

348,724

22, 7931,5901,071

62811, 3461,6946,464

88, 58641, 19014, 20523, 5251,2156,3812,070

78, 46916, 92320, 9069,212

23, 9417,487

28, 0996,1735, 1108.310

9391,0912. 6383,838

53, 7906, 3863,0824, 2034,8645, 9762,8185,4327, 7634, 2062,1164,8842,060

23, 6973,730

16, 5561,4012,010

7,8301,2801,072

6503,3671, 461

45, 4605,8323,400

64635, 582

5371,098

1958

357, 498

23, 3391, 6541,097

64911, 6681,7386,533

90, 02942, 06114, 40423, 5821,2226,6412,119

77, 93916, 54020, 494

9, 12324, 100

7, 682

29, 5516, 4845, 2458, 6661,0491,1242,7364,247

56, 1026, 6412,9744, 3475, 0166, 3002,9315, 6768,4814, 3822,2814,9292,144

24, 8693,942

17, 1651,5582,204

8,2071,3381,121

6883, 5501,510

47, 4625,9773,556

68837, 241

5261,158

1959

381, 326

24, 7011,7171,201

69712, 3811,8326,873

96, 10045, 19715, 49924, 757

1,2997, 1332,215

83, 18817, 46721,9779,741

25, 6938,310

30, 4816, 7065, 4129, 260

9861, 0272,7884,302

59, 9657,0433, 0604,5635,3466, 7163,1426, 0799,3844,6172, 4905, 1652, 360

26, 3284,083

18, 1321, 6882,425

8,6271,3281,180

7203,7691,630

51, 9366,3723, 845

75940, 960

5551,290

I9601

398, 561

25,8771,8201, 266

73212, 9361,8737,250

99, 54246, 78416, 17125, 506

1, 3457,4442, 292

86, 13018, 15122, 69710, 19926, 5358,548

32, 0297,0795, 5689,5101, 1061, 2643.0224, 480

62, 1967,3713, 0954, 6685, 4887, 1303, 2976, 3579, 8304,7822,5485, 2402,390

27, 1564, 296

18, 4611,7312, 668

9,0641, 3621,182

7624,0371,721

54, 4916,5933, 962

81443, 122

6311,445

1961 *

414, 022

27, 0181,8281, 323

75013, 5981,9517,568

103, 02248. 50416, 94825, 9331,3807,8802,377

87, 72818, 05423, 01310, 42627, 4108,825

33,3187,4585,9029, 8691.0001,2943. 1024, 693

65, 1787,7433, 1264, 9985, 8037, 5763, 4506,573

10, 2634, 9262,7225, 4002, 598

28, 6224,457

19, 5031,7772, 885

9,4771,3391, 236

7684,3121,822

57, 4846,9114,089

89845, 586

6301,545

Table 2 (dollars)

1950

1,491

1,6291,1931,3161,1881, 6631, 6521,900

1,7591,8821,7901, 5662,1461,5802,179

1, 6601,6821, 6121, 5201, 8261, 467

1,4111.3971,4491, 446

! 1,2681,2161,4721, 380

1,0111,2341,098

958995

1,012882

1,0171,287

869733

1,087807

1,2881, 1461, 3391, 1621,295

1,4251,6001,2791, 6231,4441,282

1,7881,6711, 6001,9381,839

2,2311,403

1951

1,649

1, 8231, 3001,4701,3281,8451, 8152,200

1,9142,0022, 0001,7342,2851, 7672,344

1,8721, 8651. 8671, 6952, 0351, 697

1,5301. 5331, 5541, 5621,3221,4161, 5561,515

1,1271.3931, 2211, 1211, 0801,1151. 0461,1411, 375

986793

1,173905

1,4191, 2831,4531,2901,561

1, 6431,7711,4461,8841,7201,458

1,9751,8161,7572,1832,037

2,6291,589

1952

1,727

1,9081.4271,5271,3961,9161,8462,322

1,9942,0792,1141, 7952,3951,8842,411

1,9451,9461, 9541,7562. 0951, 760

1,6071, 5791, 6251,6611,2321,2441, 6701, 715

1,1941,4751,2901,2031, 1321, 1521,1171,2011, 4571,044

8551,243

965

1,4991,4021,5231,3451, 655

1,6991,7861,5741,8281, 7911, 504

2,0681,9091,8272,3652,129

2,4871,745

1953

1,788

1,9581,4311,5701,4341,9571,8982,400

2,0762,1472, 2161,9022,5101, 9672. 276

2, 0532, 1342, 0181. 9132, 1971.784

1,6141. 6481. 5591,7151,2461,3451, 6051, 637

1,2371, 4841, 3071,2501,2181,1721,1411, 2391. 5351,084

8861, 295

995

1,5291,4761,5491,3611,610

1,6671, 7981, 4991,8541,7141,526

2,1031,9651,8082,3572, 165

2,3871.782

1954

1,770

1,9381,4311,6141,4481, 9361,8542,351

2,0512, 1612.2141.8132,4751,9242. 244

1,9692,0071.9241,7872. 1741,709

1,6561.6481, 7061. 7051, 2571. 3751,7001, 691

1, 2321,5091,2531. 2461, 2061,2001, 0811.2091, 5341. 068

8831. 3011.001

1, 5531,4661. 5851,3881,604

1,6321.7471.4941.7901.6731.500

2,0891.9521.7672,3632,154

2,2721.768

1955

1,866

2,0761. 5751.7121. 5282.0851, 9602. 489

2,1532,2702,3041.9152.7181. 9522. 434

2,0942.1782, 0611, 8922.2721.804

1,6641,7101. 5871. 7951,3891.2791, 6201.662

1, 3231. 5711.3561,2971, 2701. 2851,1471. 3321. 6591.199

9941, 3571.087

1,6151, 5281. 6451,4341, 696

1,7011, 8621. 5181,8101, 7581, 556

2,2101.9811,8572, 4252.297

2,2831,789

1956

1,975

2,2141, 6441, 7741, 6122. 2281,9892, 716

2,3022, 4202,4292. 0652,9802. 1032. 644

2,2072,2292,1831,9852,4401, 908

1, 7431.7691. 6821, 9041, 4581, 3561. 6501, 725

1,4021, 6471, 5211, 3851, 3511,3481, 1821. 4021.7711, 258

9891. 4611. 136

1,7021. 5951,7321,5271. 816

1,7931.9021, 6541,9131, 8511. 645

2, 3262,0461,9692,4202.424

2,4911,862

1957

2,048

2, 2981, 6861.8591. 6662, 3291,9842,813

2,4062. 5422, 5352.1492.8932. 2202, 668

2,2602,2452, 2532,0292, 5051, 969

1,8561,8631, 8641, 9511. 4931,6001.8921, 809

1,4461. 6711. 6361. 4291.4011. 3451, 2101,4181. 8291, 325

9921, 5651,148

1,7721.6411. 8151,6101,806

1,8841,9341, 6782,0121,9891.743

2,3972,1281, 9602,5142,500

2, 3971, 916

1958

2,064

2,3021,7481,8781,7082,3492,0212, 720

2,4072. 5642. 4952, 1332. 8552, 2332, 759

2,2002. 1632. 1591. 9852. 4511, 989

1, 9541, 9451, 9212.0441. 6921. 6751,9771,984

1,4851,7021, 5821. 4531, 4331.4161, 2491, 4691, 8551, 3601,0751, 5601,209

1,8191,7361,8431,7231,868

1,9652,0151,7382,1372,1011,766

2, 4302,1482, 0502,5862. 526

2.4691.946

1959

2,163

2,3801,7921. 9951,8062,4362, 1452, 755

2,5242, 7202, 6012, 2042, 9592,3382,888

2,3192, 2532. 2862,1102, 5762, 123

1,9951, 9851, 9722, 1611, 5731, 5131. 9891,990

1, 5651,7931, 6351, 5141. 5071. 4921. 3271, 5581, 9591. 4251, 1521,6111, 327

1,8891,7741,9181,8191,934

2,0281,9911, 7932, 2152,1821, 859

2,5722,2572,1902,7202.671

2, 5232,118

I960 i

2,215

2,4541, 8692,0791, 8722, 5042, 1862,845

2,5792, 7802, 6512, 2492, 9962,3893, 008

2, 3702,3132, 3312, 1812, 6242. 156

2, 0762, 0662,0172, 1961, 7441, 8532, 1372, 057

1,6001, 8531, 6671, 5321, 5361, 5631,3781,6101, 9061, 4611, 1691, 6021.337

1, 9091,8411, 9201,8072, 024

2,0912, 0091, 7622, 2952, 2961,921

2,6232,3052,2352,826 i2,721

2,7682,308

1961 i

2, 263

2,5201, 8432, 131)1,8992, 5982, 2502, 895

2,6312.8482, 7142. 2613, 0132,4723,124

2,3832, 2702, 3302.2132, 6722, 194

2,1382, 1492, 1242. 2541, 5621, 8752, 1682, 139

1,6521, 9081, 6901, 6251, 6051, 6421,4331, 6491, 9651,4921, 2291, 6261. 446

1,9711,8891, 9931,8082. 074

2, 1531. 9631,8072,2722,4211,989

2,6872,3812, 2733, 0032, 780

2, 6922, 407

1 Total includes Alaska and Hawaii in 1960-61 but not in earlier years.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

12 SURVEY OF CURRENT BUSINESS August 1902

Tables 4-27.—Personal Income

Line

I

2344a56789

10111213141516171819

20212*J232425262728293031

32

333435

36

37

38

Item

Personal Income

Wage and salary disbursementsFarmsMining _ _ _ _ _ _

AnthraciteBituminous and other soft coal miningCrude petroleum and natural gas _ _ _ _Mining and quarrying, except fuel

Contract construction. _ _ _ _ _ _ _ _ _Manufacturing _ _ _ _ _ _ . .Wholesale and retail tradeFinance, insurance, and real estate

Banking and other finance __ __ _ _Insurance and real estate

Transportation _ _ _ _ _ _RailroadsHighway freight and warehousingOther transportation

Communications and public utilitiesTelephone, telegraph, and other communi-

cationsElectric, gas, and other public utilities

ServicesHotels and other lodging placesPersonal services and private householdsBusiness and repair servicesAmusement and recreation _ ___Professional, social, and related services

GovernmentFederal, civilianFederal, military _ __ _ -State and local. __ -

Other industries

Other labor income

Proprietors' incomeFarm _. _ __Nonfarm

Property income

Transfer payments

Less: Personal contributions for social insurance _

Table 4.— United States

1959

381, 326

255, 8702,9153,834

83926

1, 7581,067

15, 19684, 72046, 25511, 7894,9366,853

14, 1835 5984,4684,1177,743

4 9213, 522

25, 9331,4406, 2454,5171,908

11,82342 70311.9797,737

22. 987599

10, 398

46, 47511,37135, 104

49, 043

27,423

7,883

1960 -

398, 561

269, 1072,9743,832

68887

1.7121, 165

15, 61987,41149, 07312, 5515, 3127,239

14, 5775,4994. 6584. 4208,152

4 4553. 697

28. 1471.5326. 6265, 0302, 01 7

12, 94246. 14412, 9048,078

25, 162627

10, 996

46, 23612, 03434, 202

52, 102

29, 337

9,216

Table 5.— New England

1961 2 1959

414, 022

276, 4373,0703,740

62783

1.7441, 151

15,87787, 46949. 99713, 4545,8627,592

14,3965, 2004,7334,4638, 464

4 6°03, 844

29, 9001.5726 7025. 5322, 144

13. 95049. 42513. 7508.207

27. 468645

11,391

47,83213. 05434, 778

54, 645

33, 360

9,638

24,701

17, 00611226

125

8706,9492.834

875312563567166239162495

974221

1.77882

396259

9642.441

606484

1. 35160

652

2,020142

1,878

3,508

2,007

492

1960

25, 877

17, 77510927

126

8927,1443,014

924330594578159249170517

•\86231

1,94885

421308

821.0522, 565

647477

1,44158

687

2,064202

1,861

3, 766

2,166

581

1961

27,018

18, 46710628

127

9047.2823.116

983362621583153256175539

°99240

2. 09388

428358

891. 129

'689485

1.60258

731

2,023137

1, 886

3, 967

2,440

609

Table 6.— Maine

1959

1,717

1,117241

166

3961873716215226179

35

1915909

43

462226065978

34

20636

170

236

158

35

1960

1,820

1,177242

263

4151983817225325181036

2016961030

44

492446872

1059

37

24477

167

238

165

41

1961

1,828

1,204222

260

4192004118225224181038

99

16100

102863

532596873

1189

37

20239

163

250

179

43

Table 7.— NewHampshire

1959

1,201

81161

142

340113301019248

115

25

1312768

16

542

1524640651

28

11613

102

174

96

22

1960

1,266

85771

147

351123311120258

125

26

131283

81765

461625239701

31

11713

104

186

102

27

1961

1,323

89251

147

36012833122125

n

125

28

1513969

189

541685340761

32

11712

105

196

114

28

Table 8.— Vermont

1959

697

439165

528

1467117

10241579

13

76

486

1112

2870168

461

17

1023171

91

62

14

1960

732

457166

630

1507618

10231479

14

86

536

1299

3171166

491

18

1073572

102

65

17

1961 I

750 1

465 i17 !6

6 i27 :

148 ;77 ;

188 i

11 :12 i

8 i

15

9

56 :

612

2 ;34 ;76 i17 !

4 155 1

1 1

19

1053372

107

73

17

[Millions of dollars]

Line

1

23456789

10111213141516171819

202122232425262728293031

32

333435

36

37

38

Item

Personal Income

Wage and salary disbursementsFarms _ . _ _Mining

Bituminous and other soft coal mining _ _Crude petroleum and natural gasMining and quarrying, except fuel.. _

Contract construction. ...Manufacturing _Wholesale and retail trade _ __Finance, insurance, and real estate .

Banking and other financeInsurance and real estate

TransportationRailroadsHighway freight and warehousing __ _ _Other transportation. _ _ _ _


cationsElectric, gas, and other public utilities _ ._

Services _ -Hotels and other lodging places. .Personal services and private householdsBusiness and repair servicesAmusement and recreation.Professional, social, and related services

Government _ _ __ _Federal, civilianFederal, militaryState and local.

Other industries

Other labor income

Proprietors' incomeFarm _ _Nonfarm ,. _

Property income

Transfer payments

Less: Personal contributions for social insurance-

Table 16.— Delaware

1959

1,299

8159

(3)

(3)(3)

633721052814144217111417

89

743

25105

311041831542

46

972176

302

58

19

1960

1, 345

8609

(3)

(3)(3)

573941103015145016122218

810792

26115

341122034591

47

1002871

300

60

23

1961

1,380

8729

(3)

(3)(3)

663861143117154215111619

811823

26125

361202133661

48

992574

314

70

23

Table 17.— Maryland

1959

7,133

5,14330122

(3)11

3361,309

86122481

1432721147683

153

8172

53522

1577532

2491,395

714271410

17

171

62759

567

900

468

176

1960

7,444

5,40533131

(3)11

3381, 353

91223886

1512851167891

156

8274

58324

1618634

2771,477

767250461

16

181

63078

552

925

508

205

1961

7,880

5,68530131

(3)12

3501.366

95925394

1582931168196

166

8878

62925

16910136

2981,609

840252517

18

201

64573

572

978

585

214

Table 18.— District ofColumbia

1959

2,215

1,441

4840

16847163062386

1732

2012

2191263226

1168226588381

4

30

183

183

392

252

84

1960

2,292

1,489

4840

17747173062376

1833

2012

2361368266

124844680

77874

33

182

182

410

271

92

1961

2,377

1,526

5240

1825018325024

2036

2213

2501367296

135860691

77924

38

193

193

426

300

106

Table 19.— Grea

1959

83, 188

57, 84832742615492

1793,131

25. 6589,7592,177

9001,2773,0561,3211,189

5471.617

804813

4,846232

1,023830286

2,4756,7731.489

6224,661

78

2,786

8,7971,8536,943

9,945

5,422

1,609

1960

86, 130

60, 14232943714894

1943.200

26, 20510, 2952,312

9601,3523,1281,3091,234

5851,676

833844

5, 181239

1.072901295

2,6747,3001,565

6365, 099

80

2,881

8,6261,9216. 705

10, 627

5,739

1,884

t Lakes

1961

87, 728

59, 92233941613497

1853,114

25, 26810, 3262,4601,0431,4173,0021,2251,211

5661,715

849866

5,421242

1.081942300

2,8567,7801,649

6675. 465

81

2,853

9,0952,4376,658

11,070

6,716

1,928

Table 20.— Michigan

1959

17,467

12, 20668831

1171

5625,9741,883

36316220044314122478

359

16919097936

20616256

5181,482

224109

1,14910

709

1,672241

1,432

2,039

1,154

313

1960

18,151

12, 83369971

1383

5676,2531,976

38317221145813723585

367

175192

1,03737

21717258

5521.617

241117

1,25910

710

1,619247

1,372

2,168

1,192

370

1961

18,054

12, 4.367186( 3 )1274

5385, 7741.948

40618622042812922080

374

1971,069

3721817260

5811,731

255134

1.34211

654

1,648304

1,344

2,272

1,415

371


August 1002

by Major Sources, 1959-61l



13

Table 9.— Massachusetts

1959

12, 381

8,5333311

111

3963,2881,513

455175279296

7712495

253

145108

1,00140

20117438

5481,254

34020670932

331

90727

880

1,742

1,119

250

1960

12, 936

8,9223112

111

4043,3821,604

481186295301

7312999

266

153113

1, 10041

212208

41597

1,31236020774530

339

904

1961

13, 598

9,2903012

111

4153, 4311,664

511204308307

70133104274

155118

1, 18643

216247

44635

1,43139020983230

369

91937 26

868 | 892

1,829

1,237

1, 930

1,402

294 311

Table 10.— Rhode Island

1959

1, 832

1,27831

(3)

160

496205572037398

191238

1819

1084

28116

59

I960

1,873

1,31431

164

501218602138408

201338

1820

1184

30137

64268 26968 70

103 8897 1103 3

48 50

130 1286

1246

122

255 259

166 172

44 ! 50

1961

1,951

1, 35631

167

50622063234040

7201340

1920

1264

31157

692867592

1203

54

1294

126

272

191

53

Table 11.— Connecticut

1959

6, 873

4,828296

6278

2,28274628083

197132336039

132

7061

45416

1146422

2394757761

33715

194

55929

530

1,011

407

126

1960

7,250

5,047286

6284

2, 34679529688

208136326341

137

7464

49816

1207423

2645078165

36114

211

1961

7,568

5,260296

6288

2,41882631697

220136316441

145

7966

52817

1227825

2855558666

40214

220

564 55235

529

1, 153

426

152

23529

1,212

482

157

Table 12.— Mideast

1959

96, 100

66, 10028743283

19130

1293,554

22, 67312, 1483.7491,6412,1083, 5881, 178

9901,4212, 066

1. 180886

7, 607404

1,7581, 628

5273, 2909, 8803, 3671, 0695,444

116

2,742

8,579601

7,978

13, 768

6,933

2,022

1960

99, 542

68, 98028040768

17928

1323,575

23, 51012, 7293,9011,7122,1883,7161,1511,0351,5302, 168

1,236932

8.145421

1,8391,769

5583. 557

10, 4343,5351, 0485, 852

115

2,891

8, 444705

7,740

14,281

7,274

2,327

1961

103, 022

70, 63027436962

15326

1283, 628

23, 50112,9114,1931,9142,2793,7151,0771,0711,5662, 264

1,294969

8,551426

1,8331,920

5753, 797

11.1083.7421,0406, 325

118

2,989

8,671677

7,994

14, 941

8,206

2,416

Table 13.— New York

1959

45, 197

30,75012267

19

571,6059,2486,4462, 2971,0721,2251,594

379370845

1,013

667346

4,073247879979347

1,6204. 232

964308

2, 96153

1,167

4,134237

3, 896

6,960

3,122

937

1960

46, 784

31,99411266

19

571,6159,5016,7242,3811,1131,2681,665

371389906

1,068

700368

4, 338256914

1,056366

1,7454,472

997304

3,17152

1,249

4,048279

3,769

7,299

3, 259

1, 066

1961

48, 504

32,83411663

18

541, 6499,5686, 7702,5841,2611,3231,669

350401919

1,104

797377

4, 520

Table 14.— New Jersey

1959

15,499

10, 9874823

23624

4, 5901,812

485172313598141234223323

166157

1,127259 47895 266

1,134378

1,8554.7351.049

2893,397

53

1,278

4,158273

3, 886

31263

4401.341

32422479217

504

1,42162

1,359

7, 654 1, 917

3, 682 976

1,103 307

1960

16,171

11,5824622

22653

4,7681,940

508183326630134249247342

175166

1,23449

28534768

4851,422

347230845

17

525

1,42676

1,350

1,970

1,028

360

1961

16, 948

12, 0904220

20688

4,8602,004

539201338660127269264361

186175

1,34048

30339071

5271, 558

376237945

18

552

1,44370

1, 373

2,062

1,174

374

Table 15.— Pennsylvania

1959

24, 757

16,96479

33083

1882038

8797,1152, 756

668286382

1,021489294238527

238290

1,57973

36723075

8341,986

689152

1,14524

823

2,117221

1960

25,506

17,65080

30568

1772041

8647,4542,866

697298399

1,024477301246551

250301

1,67777

38524380

8922,108

724154

1,23024

855

2,059244

1,896 1,816

3,296

2,058

500j

3, 376

2,149

583

1961

25, 933

17, 62476

27262

1501842

8247, 2802,881

736323413999446302251577

263314

1,72978

372254

79946

2, 225764152

1, 30825

872

2,132236

1,896

3,508

2,395

596

Line

1

2344a

t>789

If)1112131415161718

19202122232425262728293031

32

333435

36

37

38:


Table 21.— Ohio

1959

21,977

15, 49362

111562034810

7, 2302, 508522220302849357311181404

201203

1,2025328218582601

1.771496155

1, 12025

1960

22, 697

16, 02563112552334788

7, 3392, 663554234320882360326196421

210211

1,2865529020284655

1,891512152

1, 22725

758 796

2,060

1961

23,013

15,91765108502533756

7,0382, 053586252335839340326173433

218215

1,3655429722087707

2,047543152

1, 35226

800

2,053 : 2,071295 350 1 391

1,765 1,703 1,680

2, 692 2, 821

1,419 1,523

2,936

Table 22.— Indiana

1959

9,741

6,779445325919344

3,2311, 08223710213536818514539185

88

1960

10, 199

7,095465325820381

3,3211,14125310914437118114941196

9097 105444 48021 23111532323677916762

117612425584117166

550 60412 12

352 369

1961

10, 426

7,102455223822352

3, 2651,14127011715336316814650202

921094992411663252728991876664613

371

Table 23.— Illinois

1959

25, 693

17, 96392161725336

1,1046,7783,395867340527

1,146538403205517

275241

1,792102336375103876

2,089500249

1, 34024

733

1960

26, 535

18,541

1961

27,410

18, 73192 i 96

154 i 150684937

1,1316,7893, 569920362559

1,160534412214531

282249

1,914102355401105950

2,255530255

1, 46924

760

625237

1,1326,7463,620984399585

1,126500411215540

284256

1,995103356420104

1,0122,318

551269

1, 498

Table 24.— Wisconsin

1959

8,310

5,406

1960 1961

8, 548 8, 825

5,64960 6018 20

18311

2,4468911887711225110010644152

71814302287552224465210248503

25 7

20333

2, 502946200821182579711248161

758646523926423262697110475407

781 235 245

5, 7366120

20336

2, 445963212891232468910849167

788949224946624284786113466287

247

1,125 ! 1,169 1,262 2,733 ! 2,656 i 2,933 1,206 1,128 1,181313 375 481812 ! 794 781

559 ! 567 ! 808 445 382 ! 4532,174 2,089; 2,125 761 747 j 728

1,035 ) 1,112 1,150 3,124 3,412 3,542 1,055

1,825 631 668 762

145 522 535 181 215 | 220

1,656 1,764 2,039 561

516 598 616 153

Table 25.— Plains

1959

30,481

18, 2733292541090154

1.2224, 9863, 756857377480

1,429786396247627

324303

1,7389135821488986

3, 039721479

1,83835

672

1960

32, 029

19, 0593252721181180

1, 2675, 0893, 946915406509

1,445772414259655

340315

1,8849537224593

1,0803,224764486

1, 97437

1961

33,318

19,7413222541082162

1,3145,1554,072974

Table 26.— Minnesota

1959 1960

6,706 7,079

4,214 4,45862 5986

(3)

8(5297

1, 158882207

438 1 93535 114

1,387 330728 i 180412 i 72247 78676

347328

2,0389639026999

1,1853, 514813

131

112

(3)112306

1.2109312211001213371787583138

65 6966 69406 45323 24685419241646127

504 422, 197 477

36 10

708 i 737 159

72601927868213143

1961

7,458

4, 6385993

(3)

93310

1, 25096123710812931116475

142

71725132576662232475113943

509 1 56910 10

165 175

5,847 6,237 6,450 1,090 1,159 1.2502, 507 2,9833,340 j 3,254

Table 27.— Iowa

1959

5,412

2,91874152

(3)

1318891559613156

1960

5,568

3,02172142

(3)

1319491262714361

76 811741045515106

5253268125828131574419226323

1751025816110

5456292126131141744709924348

10 10

106 111

1,348 I 1,3063, 140 412 503 j 578 ! 698 6663, 311 | 678 657 672 650 640

1,114 | 1,171 4,039 | 4,327 j 4,488 860 906 950 744

591 675

825

1961

5,902

3,10473141

131849196441506684169975716112

5458311136234151875191042439210

114

1,497857639

854

2,256 2,396 2,640 | 516 542 j 604 393 414 1 450

179 185 606 698 737 ' 132 ! 152 j 159 97 109 1 116

Line

1

2345

7̂89101112131415161718

19202122232425262728293031

32

333435

36

37

33


14 SURVEY OF CURRENT BUSINESS August 1!X>2

Tables 28—51.—Personal Income

Lino

1

34oft789

10111213141516171819

202122232425262728293031

32

333435

36

37

38

Item

Personal Income

Wage and salary disbursementsFarms . . _ _ _Mining

Bituminous and other soft coal minimrCrude petroleum and natural gasAlining and quarrying, except fuel - -

Contract constructionM anufacturin0"Wholesale and retail tradeFinance, insurance, and real estate

Banking and other financeInsurance and real estate .

TransportationRailroadsHighway freight and warehousingOther transportation


cations.Electric gas, and other public utilities

ServicesHotels and other lodging placesPersonal services and private householdsBusiness and repair servicesAmusement and recreationProfessional, social, and related services

GovernmentFederal civilianFederal, militaryState and local

Other industries

Other labor income

Proprietors' incomeFarm - - - -Nonfarm

Property income

Transfer payments

Less: Personal contributions for social insur-ance - -

Table 28.— Missouri

1959

9,260

5, 9895435

129

3551 9311.235

292122169485209166111211110

10157932

1298832

299804242142420

8

228

1,372454918

1,163

694

187

1960 1961

9,510

6,1875236

51

30347

1. 9721. 289

307130177495203176115216113

10362034

13610034

316845256140450

8

237

1, 328442886

1,236

741

219

9, 869

6,3155236

129

3611.9411. 326

326142184478193171114223115

10864933

13810535

338915274143498

8

248

1,425540886

1,291

819

228

Table 29.—North Dakota

1959

986

5383212

91

5727

138211111483693

2010

10593

1042

401242915811

17

254131123

118

78

20

1960 1961

1,106

56333

9

15326

1402412124736

93

2413

10634949

45144302489

1

18

338222116

125

82

22

1, 000

592

10

1

201422613144534

93

2414

11704

1042

49170

3233

1051

19

19576

119

127

90

23

Table 30.—South Dakota

1959

1,027

550

12

(3)125060

1272212103013143

2111

10553

1023

36151

4231791

17

257117140

143

86

26

1960

1, 264

5792112

(3)126059

1342514113113144

12

11573933

39156452684

18

446304142

160

91

31

Table 31.— Nebraska

1961 1959 1960 1961

1,294 ; 2,788 3,022 3,102

646 i 1,550 1,676 1,75821 ; 44 ; 46 4812 12 i 12 . 12

i i(3)

12 !8768 i

1442615 i1231 :12 ;153

2513

12653

1244

421655023921

20

400238162

164

99

34

108283329933658

1469038185136

15154

930178

90327

7868

1803

48

662342321

400

186

58

51373063571003961

1448738195438

16168

931248

96349

8472

1933

53

726399327

436

199

68

51393203731064265

1428439195640

17182

933269

1053758976

211

55

697361337

446

218

72

Table 32.— Kansas

1959

4,302

2,51441 ;83 l

2

'9169612449

904743

21615443208840

48217

8542111

122545112156278

4

98

863353509

610

302

85

1960

4,480

2, 57442

2678

170605468965045

21615344199141

50230

9542212

133577120157300

4

105

934447487

638

328

99

1961

4, 693

2, 6884176 j

678

182630 |481102

5448

2101454620 !

9442 i

51249

9 ;

58 ''29 ;13

141 :618 ;126 i163 i330 i

4

107

986490497

657

360

105

[Millions of Dollars]

Line

1

23456789

10111213141516171819

202122232425262728293031

32

333435

36

37

38

Item

Personal income _.

Wage and salary disbursementsFarmsMining

Bituminous and other soft coal mining1 Crude petroleum and natural gas

Mining and quarrying, except fuelContract construction _ManufacturingWholesale and retail tradeFinance, insurance, and real estate _ _

Banking and other finance - -Insurance and real estate

Transportation -_ _ _ -Railroads

* Highway freight and warehousing1 Other transportation _ _ _ __ _ _

Communications and public utilitiesi Telephone, telegraph, and other commimi-i cations

Electric, gas, and other public utilities; Services

Hotels and other lodging placesI Personal services and private households! Business and repair services

I Professional, social, and related services. . . ._1 Government• Federal civilian

Federal, militaryState and local

Other labor income

i Proprietors' income _

Nonfarm

Property income

Transfer payments _ _ _ _ _ _ _

Less: Personal contributions for social insur-ance

Table 40.— Georgia

1959

6,079

4,1876222

(3)22

2111 226

788200

79121246

' 1078258

123

7251

37017

1505317

132917283290344

99

135

840233607

594

446

123

1960

6,357

4,3846022

(3)22

2141, 246

839217

891292541068563

131

7854

40118

1575819

148970298297375

29

146

845260585

654

472

143

1961

6, 573

4,5065823

(3)22

2041,256

856234

981362601038671

136

8056

41519

1606221

1541.034

315295425

30

148

852268

1 584

i 682I

534

149

Table 41.— Florida

1959

9,384

5,63411038

236

578796

1,275341122219327

9363

171158

10157

77410025210051

2701.205

263362571

32

157

1, 462411

1,052

; 1, 522

777

167

1960

9,830

6 00211242

240

578873

1. 370374138236328

9068

170174

11361

848101279111

3011.268

! 280345643

34

176

i 1,385! 352i 1. 033

: 1,615

848

197

Table 42.— Alabama

1961 1959

10, 263

6,20812738

236

497961

1, 375403153250328

8570

174180

11763

86810326511960

i 3211 1. 395

301

Ps37

189

1, 395409

i 986

1,721

957

207

4,617

3,115346240

220

1669684881354590

14665443792

i 4349

28510

110569

100I 735i 3181 118! 299! 4

127

6752">4452

419

1 386

105

1960

4,782

3, 2523406431

221709825161374988

14864463898

4653

30211

1145610

112792355120318

5

130

! 659225

I 433

; 450

414

123

1961

4, 926

3,326355836

220

1649855241435290

146614738

102

4854

3*2411

1156511

122841388119334

5

142

656224432

472

4G1

131

Table 43.— Mississippi

1959

2,490

1,4675029

263

87388244

5t>26296432211051

2428

1418

61134

543528293

1776

55

582285296

209

232

54

1960

2,548

1,5435029

263

82396260

«U29326532221254

2529

1529

6415

5938792

102194

8

59

523241281

239

248

65

1961

2,722

1, 6055729

253

894032636632346430221256

2630

1609

08166

62409

91111208

8

62

592305287

251

280

68

Table 44.— Louisiana

1959

5, 165

3, 37948

! 262

24319

2606496381426280

2467648

122126

5571

361i 19

12048IV

157i 637'• 115

1211 402i 10

160

680176504

i 605

i 438

1960

5,240

3,44542

255

23619

2436596581496683

251

48130131

56

383U

1235318

170661122106433

!2

160

64416647X

632

470

111

1961

5,400

3,52049

260

24120

2386026501587086

2456649

130134

40119

1245819

181713128114472

12

162

657186470

j 661

516

115


August 1962

by Major Sources 1959-61



15

Table 33.— Southeast

1959

| 59, 965

39, 483665

1, 031538321172

2,44510, 710

! 6, 9381,676650

1,0272, 246948860638

1,149611

5383,834247

1,343531185

1,5288, 6652, 5502,3803,735123

1,480

8,8033, 0345,769

6,654

4,771

1,224

1960

62, 196

41,267655

1.004513313179

2, 47411, 1217,3531,797714

1, 0832, 275937682656

1,214649

5654,142254

1,424582200

1,6819, 0922,7262,3284, 038138

1,569

8,6083,0135, 595

7,102

5,083

1,432

Table 34.— Virginia Table 35.—I West Virginia

1961

65, 178

42, 706695949453317179

2, 45211,3987, 4671, 921780

1,1412, 264894704667

1,260673

5874,341262

1,431628215

1,8069,8182,9202,3924, 506141

1,636

9,0413,4575,584

7,472

5,829

1,506

1959

7,043

5,17462

1960 1961

7,371 7,743

5,401 5,65161 62

70 67 65

1959

3, 060

2,06011326

58 54 1 51 307(3) (3s) 1 15

12296

1, 079809201721293131307510813277

55480261469820189

1,71376554840020

153

742171571

733

434

192

12 13 3305

1, 144863211771343141267910813881

575162815710322207

1,76482150443918

170

753196558

816

455

224

dc541,190893226841423111268310214686

60539301629923225

1,86887550848418

181

767208558

866

516

238

946462955623331439628199732

6514293718106824852161812

149

29247244

318

302

60

1960

3,095

2,086113042851549166830358243414810029209832

6614893818117225555151852

152

28451233

336

306

68

1961

3,126

2,08011269249173946663006026341439430199932

6715393817117928461152082

151

26842225

347

349

69

Table 36.— Kentucky

i1959 1 1960 1961

4, 563

2,900381501201911

17.'j869483

4,668

3, 0004014912018

Table 37.— Tennessee

19591

I960

4, 998 5, 346 5, 488

3,0784013510717

10 10171884501

93 9943 465118410748298942

48255147326161265591331742525

134

717304413

495

415

98

5318610848309343

50270127628161376031401882755

139

692298393

514

438

115

\.i <889500105495518010248309543

52286127631181496661631973075

143

774376397

536

589

121

3,564 3,71642 412910

28

1961

Table 38.—North Carolina

1959 1960 1961

! i5,803 6,716 7,130 7,576

3, 864 4, 4834027

9 9(3) (3) (3)

18 19182

1. 23564915660972008782317762

15343131175415145649215963383

141

770269501

559

419

107

iyu1, 280688168641042028783328165

16371141225816161664208943623

149

716232484

583

447

124

19206

1, 312707180701102028286338266

16392151236316175712220943984

154

790292498

615

511

131

9212

4,726 | 4,99286 9313 17

Table 39. —South Carolina \

1959

! 3, 142

2, 183425

1960

3,297

2, 319405

1961

: 3, 450

2, 39844

: i ;

12 13 17219 229 239

1,697 1,769 i 1,8087301646895215681173010556

4938316157331416385513529142911

145

1,092452639

654

462

119

784 814178761022206812131113

196861102246612632121

61 65

52 56420 45118 181694116177904

1735117192

1,018155 | 161297 31045311

156

1,196564632

695

498

54711

165

1.270618652

730

569

141 150

5111819

: 3018630

i 56662727

i 134828

21! 179

77621570523119214

I 189; 3

70

! 418i 144! 274

! 308

221

i 57

5124865321943361642426145128

23199780286785531292142094

75

426153273

315

230

68

! 51198963281003565

; 6524261554

: 3024214

: 8i 82

33: 7

84; 571! 134! 218

2194

: 78

454181

i 273

329

261

71

Line

1

2345678910111213141516171819

202122232425262728293031

32

333435

36

37

38

[Millons of Dollars]

Table 45.— Arkansas

1959

2,360

1,338762621410683382384821

1 26956126850

212812284312(i5327370571455

55

531319215

240

240

46

1960

2,390

1,39278241

131076354250512328966028952

2230131845136

1961

2,598

1,477792411310913712565525309756301054

2331138946147

57 61272 30672 8447 561538

58

485275210

252

256

54

1676

61

567346221

262

287

57

Table 46.— Southwest

1959

26,328

16,912409

1, 1566

981169

1, 1503, 1013,267726307419

1, 059381307

1960

27, 156

17, 581400

1,1595

956198

1, 1723,1633,417783336446

1,076373312

372 391

1961

28, 622

18, 396422

1,1824

976202

1, 2393, 2753, 538842368474

1, 075343

Table 47.— Oklahoma

1959

4,083

2,521382665

2528

159396465102495314842

323 48409 59

606 634 659 94

279 292328 342

1,703 i 1,834

303 46356 48

1, 966 23098 103 107 | 11497 515251 274

539312

82 89 94774

3, 690852 i 914

603,811

1113,895 4,152 i 616

1960

4,296

2,597362544

2428

162396491112545815342506297

465124412603912120644

1961

4,457

2,700392623

2518

162405504118586015540526498

475126612654313132680

1,028 1,083 : 1,152 217 230 2431,021 1,039 ! 1,025 1411,641 ! 1,774 ' 1,975 : 258

45 47 j 46 i 7

1382758

687 718 748 105 108

4,271 4,130 ! 4,410 1 680 7551,314 1,311 i 1,511 174 i 2702,957 2,819 ! 2,899 ! 506 485

3,266

1,715

523

3,508 I 3,674 502

1,826 2,034 365

607 642 89

554

386

104

1363028

112

754264490

577

424

110

Table 48.— Texas

1959

18, 132

11, 603274711

67239704

2,3852,318515211304793278219296401

184217

1,1375936816456

1960

18, 461

11,975273698

66038700

2,4212, 400550230320805272221312416

193224

1,21662

1961

19, 503

12, 559297708

67137762

2, 5062,488592249342801

Table 49.— New Mexico

1959

1,688

1,1723098156411108317941162555

244 30229 18328 7434 48

201 19233 29

1, 288 16163 9

378 395 23

1960

1,731

1,210261061545110086188431826563018750

20291711025

179 ! 196 23 22

1961 !

1,777

1,22025105154509585190452026552918851

2030178102523

61 64 5 6 1 6489 536 571 101 109

2. 332 2,462 2,650 364 : 382

1Table 50.— Arizona

1959

2,425

1,6166682

(3)821772373046831386330221064

303417418

1960

2,668

1,80066101

(3)

1961

2,885

1,91861107

(3)101 106210 219260 278338783543632923

355864146643024

10 1071 | 75

32 3439 41

203 i 23420 22

46 52 5426 34 ! 5110 10 i 12

115 74 87 i 96387 378 407 ! 435

593 620 664 116 ! 123 | 129 102 i 110 ! 117695

1, 04532

497

2,945927

2,018

2, 346

1,087

346

725 721 97 ! 961, 117 1.266 150 i 164

34

520

32 2 2

535 34 35

2,726 2,954 266 248824 1,002 88 83

1,902 1,952 178 166

2,488 2,596 150 \ 169

1,150

397

1,278

418

100 111

35 41

881693

41

88 i 80 i 79188 1 218 ! 239

3 i 3 ! 3

50 55 61

255 380 \ 401 ! 44792 125 | 134 153163 256 | 267 294

180 | 267 298 321

125

44

164 179 207

52 64 69

Table 51

1959

8,627

5,44414526726

! 99142444903

1,080218108

; in1 425i 243

11765195

10788518451025929283

1,2464362006112

195

1,442.523918

1,115

629

198

— Rockytain

1960

9,064

5,8371542762897152471999

1, 15623411711742623812266203

11094572491087032313

1. 342165209f)6S2

209

1, 433533899

1,154

664

233

Moun-

Line

1961

9,477

6,20215628225

i 94! 163

5241, 0831, 199252129

i 1241 425

23012669215

115100026501108036350

1.4385042197162

226

1,355426930

1,217

728

251

1

23456789101112131415161718

19202122232425262728293031

32

333435

36

37

38


16 SURVEY OF CURRENT BUSINESSTables 52-624.—Personal Income by Major Sources 1959-61


August

Line

1

23456789

10111213141516171819

20212223

2425262728293031

32

333435

36

37

38

Item

Personal income

Wage and salary disbursementsFarms __Mining. _ _ . .. _

Bituminous and other soft coal mining. _Crude petroleum and natural gasMining and quarrying, except fuel

Contract constructionManufacturing - -Wholesale and retail tradeFinance, insurance, and real estate

Banking and other finance..Insurance and real estate

TransportationRailroadsHighway freight and warehousingOther transportation - -

Communications and public utilitiesTelephone, telegraph, and other com-

munications - _ - -- .-Electric, gas, and other public utilities. .

Services _ . _._Hotels and other lodging placesPersonal services and private house-

holdsBusiness and repair servicesAmusement and recreationProfessional, social, and related services-

GovernmentFederal civilianFederal, militaryState and local

Other industries

Other labor income .

Proprietor's income . _FarmNonfarm

Proper ty income

Transfer payments

Less: Personal contributions for social in-surance_ __ _ _. __ --

Table 52.— Montana

1959

1 328

75629371

10266199

1532714138259131029

1613688

1273

381714427

101(3)

32

280144136

177

110

27

1960

1,362

788313819

2960

1051572916148058148

30

1614698

1183

381895131

107(3)

32

280152128

181

112

31

1961

1,339

818283819

2963

1061613016137755148

31

1714738

12104

402096035

114(3)

33

21286

126

188

121

33

Table 53.— Idaho

1959

1,180

7064220

(3)2054

1431402312115336134

25

1312634

1263

381443723841

25

260130130

123

90

25

1960

1,182

7264215

(3)1554

1451482413115234145

26

131366

4

1264

401534124881

26

242118124

122

95

30

1961

1,236

7694320

2065

1501492614125133144

28

141473

4

13f,

461644625941

28

234104130

129

107

32

Table 54.—Wyoming

1959

720

44518552

42125335691477

574296

15

87

388

932

1691259

57

19

1306168

102

43

18

1960

762

49021552

39147038791587

5740126

16

88

418

842

2099261261

21

1194772

107

46

21

1961

768

49319552

38155738811688

5538116

19

810448

742

23109281566

21

1114468

112

52

22

Table 55.— Colorado

1959

3,769

2,4024281103734

1914165011105357

15460583689

5138

26018

532915

144557183121252

1

75

569142428

528

276

82

1960

4,037

2,6144886103838

2054685391175760

15660583893

5241

29822

583617

165603196121286

1

83

597172426

543

296

98

1961

4,312

2,82252858

3541

2485155671296465

16059604098

5443

33524

604319

189634206123305

1

92

606155451

574

323

106

Table 56.— Utah

1959

1, 630

1, 136147414104985

20921946

237946249

37

2017906

17146

47283147

19117(3)

44

20346

157

185

109

46

1960

1,721

1,218138215115682

2442334924258146259

38

201897

7

20156

4929915121

127(3)

47

19444

150

202

115

54

1961

1,822

1,299138414125891

2742405226268245271039

2118

1027

19187

51322164

22136(3)

51

19136

155

213

125

58

Table 57.— Far West

1959

51, 936

34,803640242

114497

2,3799,7396,4731,511

642870

1,812576570665988

643346

3, 910241

767744634

1,5246,9701,7811,4823,707

139

1,186

6,7171, 3955,321

6,748

3, 691

1,208

1960

54, 491

3G,843647240

1138100

2,41510, 0556, 9331,641

715926

1,858559596703

1,038

680358

4,310267

852860658

1,6737, 5641, 8761,5224, 166

142

1,280

6, 5261,3545,173

7,145

4,102

1,406

1961

57, 484

38, 693678250

1146102

2, 56310, 3677, 1401,778

803975

1,872550616706

1,078

698380

4, 720280

868996726

1,8488,0962,0281, 5554,512

153

1,414

6,6071,2575, 350

7,608

4,662

1,500

Line

1

23

56

8g

101112

\l1516171819

2021

23

2425262728293031

32

333435

36

37

38

Horn

Personal income . .

Wage and salary disbursementsFarms _ . - ._Mining

Bituminous and other soft coal mining- _Crude petroleum and natural gasMining and quarrying, except fuel

Contract constructionManufacturingWholesale and retail trade --Finance insurance and real estate

Banking and other financeInsurance and real estate -

TransportationRailroadsHighway freight and warehousingOther transportation

Communications and public utilitiesTelephone, telegraph, and other com-

municationsElectric, gas, and other public utilities. -

ServicesHotels and other lodging places _Personal services and private house-

holdsBusiness and repair services\musement and recreationProfessional, social, and related services.

GovernmentFederal civilianFederal, military - - - -State and local - -

Other industries

Other labor income

Proprietor's incomeFarm - -

] Nonfarm

Property income - - -

Transfer payments

Less: Personal contributions for social in-surance .

Table 58.— Wash-ington

1959

6,372

4,29874111

(3)9

2781 252

80717470

104259

99679399

7326

35322

705021

19096927722646623

140

807179628

755

508

135

1960

6,593

4,44670121

(3)10

2911, 263

84718375

1082669669

101105

7827

37824

725922

2011, 012

280236497

19

155

817213604

795

536

156

1961

6,911

4,688

1211

11312

1, 32786419482

112271

9271

108110

8130

40325

746623

2161,102

320247535

22

163

804196608

837

586

167

Table59.— Oregon

1959

3,845

2,43855

6

6151750496924448

16780543282

4636

21914

463312

11541510734

2745

90

652145507

464

288

86

1960

3,962

2,53151

6

6155749522984652

16878563486

4838

23315

483612

12245711934

3045

94

628137491

505

307

103

1961

4,089

2,584546

61527425251055056

16776583491

5140

24716

493713

13248912533

3316

99

627124503

533

354

108

Table 60.— Nevada

1959

759

5378

18

(3)17532895147

34198

16

116

15948

14107215

112323050

(2)

16

961879

88

38

15

1960

814

5959

20

(3)206028

1011688

351988

18

126

18657

16148217

121343256

(2)

16

889

79

93

41

! 19

1961

898

6558

20

(3)207031

108199

103718109

20

13

20658

17238820

136373465

(2)

22

958

87

98

49

21

Table 61.— California

1959

40, 960

27, 531503208

14464

1,8987,7105,0761,231

520711

1, 352378441533791

514277

3,178156

637651529

1,2045,4741,3651,1932,916

111

940

5, 1621,0544,107

5,442

2,857

971

1960

43, 122

29,271518202

13864

1, 9098,0155,4631,344

586758

1, 389366463560828

542287

3, 513171

716752542

1.3325,9741,4441,2203,310

117

1,014

4,994995

3, 999

5, 753

3, 218

1,128

1961

45, 586

30, 765544212

14666

2,0288, 2675, 6431, 460

662798

1. 398364478556856

554302

3,864181

729870603

1.4816.3691,5471,2413,582

124

1, 130

5, 082930

4,152

6, 140

3,674

1, 204

Table 62.— Hawaii

1959

1,290

968711

17887

14028141443

63723

12118412

17126

38411138174984

39

1081197

141

63

29

1960

1,445

1,095751

110398

16636171944

73626

1413

10016

18148

46443141195108

3

40

12311

112

154

65

32

1961

1,545

1,162791

110411317242202244

83629

1514

11216

19189

50463148200115

3

42

13211

121

165

77

33

Table 62A.— Alaska

1959

555

458(3)

9334

482146843

2916

2212

102

253

461

1025510811334

5

11

422

40

34

22

12

1960

631

528(3)

8234

492764954

3116

2419

163

314

581

1328310213844

5

13

462

44

38

22

16

1961

630

516(%

243

3428561055

291

2231

273

324

491

1428010512055

6

15

472

45

41

27

16

1. Data for 1929-53 are published in "Personal Income by States Since 1929," A Supplement to the Survey of Current Business; for 1954-56 in August 1959 Surrey; for 1957 in AugustI960 Surrey: for 1958 in August 1961 Surrey.

2. Totals include Alaska and Hawaii ' in UMMil. 3. Less than $500,000.NOTK.—Deta i l will not add to Totals due to rounding.Digitized for FRASER

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

Aujrnst T.M:>2 SURVEY OF CURRENT BUSINESS 17

Table 63.—Broad Industrial Sources of Personal Income, by States and Regions, 1961

Table 70.—Industrial Sources of Civilian Income Received by Persons for Participation in Current Production, by States and Regions, 1961*


State and region

United States

New EnglandMaineNew HampshireVermontT\ I assachusettsRhode IslandConnecticut

MideastNew YorkNew JerseyPennsylvania _ . .. .. _DelawareMaryland _ _District of Columbia .

Great LakesMichiganOhioIndianaIll inois. . .._Wisconsin

PlainsMinnesotaIowaMissouriNorth DakotaSouth DakotaNebraskaKansas

SoutheastVirginia

KentuckyTennesseeNorth Carolina . _South Carolina

FloridaAlabamaMiSvSissippiLouisiana __ _\rkansas

SouthwestOklahoma _ _TexasNew Mexico _Arizona

Rocky MountainMontanaIdahoWyoming _ __ _ColoradoUtah

Far WestWashingtonOregonNevada,California

\laskaHawaii _ ...

Table 63

Totalpersonalincome

414, 022

27, 0181,8281 , 323

7501 3, 5981,9517, 5(58

103, 02248, 50410,91825, 933

1 , 3807,SH)2. 377

87, 72818,05423,01310, 12027, 1108, 825

33, 3187, 4585 9029. 8091,0001 ,2943, 1024, (593

65, 1787, 7433 1204, 9985 803

3* 4500, 573

10,2034, 9202, 7225, 4002, 598

28, 6224, 457

19, 5031,7772, 885

9, 4771 3391,230

7084,3121,822

57, 4840, 91 14, 089

89845 580

(5301,545

F'armin-

come '

15, 883

239(50174955

51

93538311030833

10!

* 309449518S90507

3, 40902S917582101250402523

4, 09020053

410327700222

1%232419

1,906299

1,281115211

57211214502

20449

1, 90320317510

1, 449

94

Governmentincome

disbursements 2

Federal

49, 156

3, 25129419184

1.7903205('»0

11,5564, 2081 . (5252. 978

1181 . 569

998

8, 0791 597

9502, 53 !

703

3, 663082

1.077

390021

9, 948

Stateandlocal

32, 032

1, 8761408503

979151458

7, 4093, 9741,0701.008

5591 23

6, 2071 , 5281 ,542

7041,7!S

085

2, 549049410034117104230375

5. 3981.804 517

388 ' '>53781742933574

1,0091. 408

8(52429

381

3, 734082

2, 387300359

1,29320016391

549284

6, 9771.034

459110

5, 374

240409

103450019245520813418259020209

2, 308417

1, 430191204

83412610071

379

5,264018309

714, 200

58129

Privatenonfarrnincome 3

316, 951

21, 6521,3341 , 0?0

55410, 708

1 , 4730,493

83, 12239, 87914, 14321,039

1,1545,0511 , 250

70,709 'I t , 5hO >18, 7S4 !8, 254

22, 2410. 870

23, 6975, 1993, 9787, 57(5

02S702

2,0803,171 '

45, 7425, 150o 4323, 3444, 2785, 3242, 4094,7227, 4553, 3911, 0773, 9651,589

20, 6743, 059

14, 3991, 1052,051

6,778895822544

3, 1801,337

43, 3404, 9903, 080

70134,557 |

1324913

Table 70

Total

326, 694

20, 6841,300

1 997j 581

10,344! 1 . 442

5,954

81, 10337, 92213,821

i 20, 433; 983

i , 078

1 71,0671 4, 5751^,000

i 8,049' 22, 1 i 1

7, 102

1 26,3540.0024, 079

1 7, 827% 7 7 1

1,0382, 4303, 007

50, 8206, 0739 4753, 7871, 0980, 0992, 7035, 1947,4193, 9882, 1314, 2102,040

22, 4683, 417

15,2891,4202, 342

7, 5411,0241,003

0093, 3901,515

45, 0825, 3973. 208

73535, 082

4501, 119

Farms

16,141

Wf ' ' />17

50

11

952389

31334

103

"' 375450

901515

3, 463(53893159!103200409531

4, 155

11417332711

537259302235125

1, 935303

1,300117215

58211414803

20750

1, 938208178

101, 470

294

Mining

4, 213

3221

141

440(5923

330

J8

48291

130

174

27790184111131484

1,08970

31815931195

254307

28229

1,291278792110111

3084721589389

282139

238

11*

Contractconstruc-

tion

20, 985

1,174890130

54383

302

4, 5041.974

8881.033

81458

70

4, 031742990448

1 . 405440

1,8934592(5551208

131187271

3, 3494001222552963531 63305604238130288129

1, 737236

1, 098123280

727808973

358127

3,41040922785

2, 689

37123

Manu-fac-

turing

94, 778

7, 783442381159

3, 078540

2, 577

25, 69010,449

7 989

jii!,50

27, 3700, 2957, 0073.5417,3192, 008

5, 4971,331

9702, 074

71340078

12,2411,274

720954

1,4001, 933

9441, 3411,021I, 070

437741397

3, 607448

2, 77391

295

1, 16511715945

549295

11,2771,413

81933

9,012

30118

Whole-sale and

retailtrade

62, 702

3, 686200104108

1,913204977

15, 6678,1752, 4503. 523

1451 , 1 44

230

12,9062.4723, 2541 , 4084,4311,281

5, 4321.207

9201,004

207211525098

9, 7271,120

392053911

1,082445

1, 1131,710

715402833339

4, 646702

3, 273244427

1,528205194105730294

8,818.1,083

703133

0, 899

69223

Finance,insur-ance,

and realestate

17,273

1,194534524

(51 170

385

5,0113, 039

079889

37302

05

3, 104522701349

1 . i 95

1, 2733052004093839

135147

2, 501270

13821025212428858917492

20378

1,194173824

09128

352473724

17569

2, 58027616633

2, 105

1549

Trans-porta-tion

15, 743

640592820

33544

148

4. 027L824

7131.070

45313

f > ~

3, 288

921402

1,224

1, 556343203533

5137

158231

2,48233615720222524671

28135516173

267108

1, 1751738716170

463855760

17388

2,03129018840

1,507

3249

Com-munica-tions and

publicutilities

9,312

593423017

30144

I1 59

2,482) , 209

398033

m40

1,887411

099

592184

749158124240

272702

105

1,38215811010589

13359

14919711262

14860

7281104795683

237343121

10843

1,187 j122 i104

939

3433

Serv-ices

42, 935

2, 93515313881

1,618176709

11,9860, 2351,9122,518

109847305

7, 9141,5782, 039

7092. 787

741

3,118737527902100104292390

6, 192754246422568639304582

1, 197449230590211

2,932430

1,891242369

94512012465

480156

6,709624405248

5, 432

46158

Gov-ern-

ment 2

41,497

2, 305187129

721,230

19ci491

10, 1394, 4081,3282, 0^8

881,375

792

7, 1501, 0031,90'5

8372, O K I

743

3, 02771049877813S143302458

7,4841, 375

270473023712356746

1, 046729300602252

3,151549

1,943301358

1,22917514.195

515303

6,584861458103

5, 162

162200

Other

1,115

99IJ

145

528

205913247

229

4

01

522249

! 14

6918

171268

21830397

197

37548

112112

72154566

5

2

21

2663211

223

185

Footnotes to Table 63:1. Consists of net income of farm proprietors, farm wages, and farm "other" labor income,

less personal contributions under the OASI program.2. Consists of income disbursed directly to persons by the Federal and State and local

governments. Comprises wages and salaries (net of employee contributions for social in-surance), other labor income, interest and transfer payments.

3. Equals total personal income less farm income and government income disbursements.Note: United States totals include Alaska and Hawaii.

Footnotes to Table 70:1. Consists of wage and salary disbursements, other labor income, and proprietors' income.2. Does riot include earnings of military personnel.3. Less than $500,000.Note: Uni ted States totals include Alaska and Hawaii.


By SAMUEL BIZER and FREDERICK CUTLER

Expansion in U.S. Investments AbroadRecord capital flow and earnings in 1961—Total value $56 billion-

Reduced outflows indicated for 1962

1 HE outflow of U.S. private capitalto foreign countries reached a high ofnearly $4.0 billion in 1961, about $100million above the mark of the previousyear. Direct investments accountedfor $H{> billion, net purchases of foreignsecurities and medium-term loans forabout $1.0 billion, and short-term loansand acquisitions of liquid assets abroadfor $1K billion.

In broad outline, foreign investmentsin 1961 resembled the 1960 pattern.For direct investments the flow was stillstrong to Europe, but the total and theEuropean sector were not pushed up,as in 1960, by any large single invest-ment; the principal changes in directinvestments from year-to-year were areduced flow to Canada and a sharp up-turn to enterprises in the Middle East,some parts of Africa, and Australia.

Purchases of foreign securities roseslightly to $750 million (net), with theshare of Canada less than in earlierpostwar years, and a rising share forEurope and other countries. Outflowsof short-term capital reached a new highin 1961, led by large investments ofbanking and other short-term capital inCanada and Japan, while the flow toEurope lessened considerably from the1960 amount.

By the end of 1961 private U.S.assets and investments abroad werevalued at nearly $56 billion, a gain ofover $5 billion in the year. Most ofthe change came from the investment ofadditional U.S. capital outlined above,but other increases resulted from thereinvestment of $1.0 billion of directinvestment earnings and some revalua-tions of assets.

Developments in 1962

Since the turn of the year the limiteddata available indicate some slowingdown in the rate of foreign investment,

18

although the total remains well aboveall but a few postwar years. Directinvestments are affected by the muchreduced rate of growth of industrialproduction in Europe, by unsettledconditions in some countries of LatinAmerica, economic difficulties in Cana-da, and more than adequate productivecapabilities for raw materials at currentlevels of demand. On the other hand,the companies have ample funds forinvestment which are not being com-mitted to domestic expansion, and arecontinuing to invest large sums abroadwhere opportunities exist.

Investments in foreign equity securi-ties have tended to taper off as marketsin most financial centers abroad havebeen weak, and a realignment of pricesand yields appear to be taking placeboth here and abroad. Overall sales offoreign bonds in the United States havebeen relatively low so far this year, butthere has been a significant increase inissues offered by European borrowers.

Short-term capital outflows in thefirst half of 1962 were moderate, andwere largely connected with loansnegotiated earlier for Japan. On bal-ance, there were reductions in short-term foreign loans of U.S. banks inCanada and Europe.

For both portfolio and short-terminvestments abroad, the United Statesremains the most accessible and lowestcost capital market. Interest rateshere may tend to harden somewhat, butshort-term rates have also been risingrecently in other financial centers, sothat the basic incentives for capitaloutflows remain. Some large borrowers,however, have possibly reached a ceilingon the amount of indebtedness con-sidered justified by their ability to re-pay, while others, notably Canada, maynow have become more attractive thanin the first half of the year.

Income receipts higher

Income received from private foreigninvestments advanced by over $400million to $3.3 billion in 1961. Threequarters of the increase came fromdirect investments and reflected notonly higher earnings but also for somecountries a larger proportion of earningspaid out as dividends.

Interest and dividends received onshort-term and portfolio investmentsrose by over $100 million in 1961,offsetting to some degree the largecapital outflows of these types in thepast few years.

Foreign Direct Investments

U.S. business added another $2%billion to investments in foreign sub-sidiaries, branches, and affiliated com-panies in 1961, made up of capitaloutflows of $1% billion and about $1.0billion of undistributed profits. Thetotal added from these sources wasabout $K billion less than in 1960,with capital flows and undistributed

profits each lower by about $){ billion.Since the 1960 capital flow included$370 million for a single investment inthe United Kingdom, there was someincrease in other flows. Undistributedprofits were reduced mainly becausedividends were raised substantially bymanufacturing companies while earn-ings were only slightly higher.



The 1961 annual rate of additions toinvestment was exceeded only in 1960,and in the postwar peaks of 1956-57.In the latter period the rate of invest-ment was especially high in the petro-leum industry as new producingproperties were acquired and developed,and there were also substantial invest-ments by other industries. In I960,manufacturing investments in Europewere the leading feature. The advancein 1961 was more evenly distributedamong the principal industries, withinvestments in petroleum and manu-facturing each being increased by about$0.9 billion, while in other industries aslower but relatively steady rate ofincrease was maintained.

Some sizable adjustments were madeto the valuations of direct investmentsas of the end of 1961, which had. thenet effect of reducing the aggregatebook value by about $0.6 billion. Thelargest change resulted from eliminatingfrom these tabulations Cuban invest-ments with a book value of $956 millionat the end of 1960. No informationon these investments has been availablesince they were expropriated, for themost part during 1960. There was alsosome reduction in book values of enter-prises in other countries particularly inLatin America. Offsetting thse ad-justments, there were upward revalua-tions of $586 million, of which thelargest was a $406 million increase inthe book value of the next fixed assetsof a large enterprise in the petroleumindustry in Venezuela.

After giving effect to the additionalinvestments and adjustments just noted,the book value of U.S. direct foreigninvestments reached a peak of $34.7billion at the end of 1961.

Regional Developments

Nearly $1.0 billion was added to theEuropean investments of U.S. com-panies in 1961 (40 percent of the totalincrement in the year) raising theiraccumulated book value to $7.7 billion.Capital flows to Europe amounted tonearly $0.7 billion, and undistributedprofits were about $0.3 billion.

Though down from the 1960 peak,aggregate capital flows to Europe areshown in the first chart to be far above

the average of earlier years. However,the chart also shows some recent dimi-nution of the capital flow to manufac-turing, while petroleum companies havebeen raising their outlays for severalyears, mainly to add to refining anddistributing capacity. Undistributedprofits have been slowly increasing overthe postwar period, but were cut backin 1961.

Investments in the Common Marketcountries were raised by $0.4 billionlast year, about the same amount as in1960. France, Germany, and Italyeach received substantial capital inflowswith petroleum investments especiallylarge in Italy and manufacturing in theothers. The rate of investment in theUnited Kingdom by U.S. companies

was reduced in 1961, even after elimi-nating the special 1960 transactionmentioned above, but the $0.3 billionadded in 1961 ranked second only to theamount for Canada. Nearly one-halfof the 1961 investment was added tomanufacturing investments and most ofthe remainder to petroleum.

Switzerland stands out among theother European countries, as U.S. directinvestments mounted by $150 million.More than half of this increase was intrading and financial organizations, anda considerable part of these investmentsis ultimately invested in other coun-tries.1 However, there is also an im-pressive rate of growth in enterprisesoperating mainly within Switzerland.

1. N>w information on investment flows among foreignaffiliates is now being collected and tabulated.

DIRECT FOREIGN INVESTMENT EARNINGS CONTINUE UP INWith Larger Proportion Distributed as Dividends

Biliion $

1961

Total

Ear i

1950 52 54 56 58 60 62

Major Gains in Europe and Other Eastern Earnings in Western Hemisphere LaggingHemisphere Since 1956-57

Billion $ Billion $

EUROPE

AFRICA, ASIA, OCEANIA

_ Total Earnings

LA_TI_N_AMER!ICA

Total Earnings

1950 52 54 56 58 60 62


1950 52 54 56 58 60 62

62-8-10


20

Slow pace in Latin America

Capital flows to Latin America reg-istered some improvement in 1961 overthe low point of 1960, amounting to$141 million. However, nearly all ofthis investment flow occurred in thefirst half of the year. After mid-year,net outflows of capital ceased as con-tinued investments to Argentina,Mexico, and Chile for manufacturingand mining investments were offset bynet inflows from Venezuela (petroleum)and Brazil (manufacturing), and to alesser extent, from various of the smallerCaribbean countries. In other coun-tries no strong changes were discernible.

DIRECT INVESTMENT CAPITAL OUTFLOWS,

1950-61

Europe Shows Strong Uptrend Since 1955;Petroleum Investments Up in 1961

Billion $

1.0EUROPE

Latin America Well Below Postwar Highs$1.2

Canadian Flow Has Tended Downward

CANADA

Petroleum Investments Support Sharp RiseIn Africa and Asia

1950- 56 57 58 59 60 61 6255Avg..

* Includes single investment of $370 million


SUKVEY OF CURRENT BUSINESS

Notable shifts in 1961 were an in-crease in capital flows into mining oper-ations, and a decline in the volumegoing into manufacturing enterprises.In the mining industry, there were rel-atively small investments in Venezuela,Peru, and in other countries in 1961,contrasting with a sizable return to theUnited States of funds from some ofthese mining properties in 1960, result-ing in a swing of about $100 million inthis industry over the 2-year period.In the manufactur ing industry, out-flows to Argentina increased for thefourth successive year, reaching awidening range of industr ial and con-sumer commodities, while the flow ofnew capital to Brazil dwindled to lessthan $1 million from $52 million in1960.

Reinvestment of subsidiary earningsin the area remained stable at a littleover $200 million in 1961, showing littlechange in individual industries or inthe area totals despite a moderate in-crease in earnings. However, on acountry basis, Argentina, Mexico, andPanama showed a larger volume ofreinvestment, while Venezuela's totalwas off by about $20 million, as someholding companies with sizable earningswere shifted from Venezuela to Switzer-land.

Flow to Canada lower

Both capital flows and reinvestedearnings in Canada were reduced in1961, with the combined total amount-ing to less than $0.6 billion comparedwith nearly $0.9 billion in 1960. Theaverage annual increase in direct invest-ments in Canada since 1950 lias beenabout $750 million.

Funds going into manufacturing oper-ations amounted to $260 million, aboutthe same total as in the past few years.However, a higher proportion in 1961took the form of capital flows, compen-sating for a drop in retained earnings.

A considerable flow of funds went intoCanadian mining ventures, althoughthe overall total was reduced below theexperience of other recent years by aninflow connected with the refinancing ofa major project. Petroleum invest-ments also tended downward, to thelowest rate since 1949, reflecting the

August 11)02

completion of major phases of theindustry's development. Among theother industry sectors, there was onlya minor addition to the amount investedin trade and distribution enterprises,which had been growing relatively fastfor some years.

Other areas receive larger flows

Africa.—American companies con-siderably stepped up investment opera-tions in Africa, adding about $175million to their investment in 1961compared with $130 million in I960.Reinvestment remained steady at about$50 million, but capital flows continuedto increase and exceeded $100 million,nearly all in North Africa.

With oil companies approachinglarge-scale production in Libya andadjoining North African areas, a con-tinuation of considerable investmentactivity will be needed to provide thenecessary production, transportation,storage and service facilities. Since1954, the U.S. companies have investedover $}2 billion to develop the oilresources of this area. Much of theinvestment is not reflected in the bookvalue figures, since it was accounted foras operating expenses. A small butsignificant increase in flows for miningoperations occurred in 1961, as anumber of companies entered the earlystages of major mining developmentsin West Africa.

Asia.—With continued increases inoil production in the Middle East, arenewed flow of capital was recordedto the area, both for fixed investmentto increase production facilities andto finance increased receivables fromaffiliates and customers. In the FarEast, a continued but modest increasein manufacturing investments was morethan offset by a declining volume ofnew investments in petroleumoperations.

Oceania.—Direct investments inAustralia continued to grow at a rateof about $100 million per year. Adecline in reinvestment of earnings ofmanufacturing companies by $40million was due to declining profits anda higher proportion of pay-out ofdividends, but oil companies increasedtheir investment in refining and otherDigitized for FRASER


August SURVEY OF CURRENT BUSINESS 21

product lines, and in distributionfacilities.

Completion of some phases of currentdevelopment work on mining- andpet [-oleum in the Western Hemispheredependencies sharply reduced capitalflows and reinvested earnings in thisarea.

Developments by Industry

Domestic manufacturing companiesinvested an additional $0.9 billion inmanufacturing facilities abroad in 1961,bringing the accumulated total investedin foreign plants to nearly $12.0billion. This was substantially lessthan the record increases of 1959-60,but about the same as the annualrate of investment since 1955.

Large share of manufacturing toEurope

Europe received over 40 percent ofthe manufacturing investment in 1961,rising from about 30 percent of thetotal in 1953-57. Data collected onactual and projected expenditures forplant and equipment by U.S.-ownedplants in the area 2 show a substantialrise in 1961-62 from the 1960 amount,but there appears to have been somecutback from the earlier expectations.As a result, the need for capital fromthe United States may stabilize orbe reduced.

Manufacturing investments inCanada appear to be holding steady,with addit ions amounting to about$0.3 billion annually. Projected plantand equipment expenditures show asimilar lack of movement. For LatinAmerica, the principal manufacturingactivity is now in Argentina and Mex-ico, with investments in Brazil muchreduced from earlier levels. In therest of the world there was some in-crease in manufacturing investmentsin Japan, but the flow to Australiadiminished in 1961.

In most of the major commoditygroupings of manufacturing shown intable 5, the rate of growth in invest-ments was either lower than in I960,

'2. Survey of Current Business for September 19(51 and forth-coming- issue of September 1962.

or showed only small advances. In-vestments in chemical plants registeredthe largest increase in 1961 ($130 mil-lion), but this was not much more thanhalf the 1960 amount. Moreover, the1961 figure in eludes a sizable jump ininvestments by oil companies in affili-ates producing petrochemicals.

Increases of over $100 million eachwere scored by the transportationequipment, machinery, and primarymetals groups, but only the latter hada larger gain than in 1960.

Petroleum.—Capital flows and re-invested earnings of the petroleumindustry in 1961 were in excess of $900million, making this the highest yearsince 1957. An additional $430 millionwas added to the book value of in-vestments in this industry because ofvarious adjustments, the largest beinga revaluation by a large company of netfixed assets in Venezuela amounting to$406 million.

More than 40 percent of the invest-ment in 1961 went to Europe to expandrefining and distribution facilities, ex-cluding investments in petrochemicalplants mentioned above. Projectionsof plant and equipment expendituresshow a continuation of outlays at ahigh level in Europe, underlining thepresent need of the petroleum industryto develop refining and distributionfacilities in European and other mar-kets. In earlier periods of high invest-ment activity by this industry, such as1947-49 and 1956-57, the main portionof oil investments went for theacquisition and exploration of producingareas, mainly in Latin America and theMiddle East.

North Africa remains the most activearea for the development of new oilfields, and about $100 million was spenthere in 1961 to find and develop newoil resources and to prepare them forlarge scale production. Sizable amountswere also spent for this purpose inCanada, Argentina, the Middle East,Australia, and, to a lesser extent, in anumber of other countries.

Trade and distribution.—Substantialinvestments in trading and distributionfacilities abroad continued in 1961,with $0.3 billion added in the vear.

About a third of the increase was inPanama and Switzerland.

In 1961, the book value shown underthe heading of public utilities was re-duced by about $375 million. Thisreflects in part the elimination of Cubanproperties ($313 million) and the trans-fer to "miscellaneous" of utility in-vestments in Argentina and Mexicowhich were acquired by those countriesin 1961, with the sales proceeds to bereinvested locally over a period ofyears. Offsetting these reductions,there were sizable additions to invest-ments in international shipping out ofundistributed profits.

Limited Gain in ForeignEarnings

Earnings of direct foreign invest-ments advanced by a little over 4percent in 1961 to a record $3.7 billion.Petroleum companies earned $1.4 bil-lion, with higher earnings reflecting a4 percent increase in their output ofcrude oil.

As in the past, earnings in the petro-leum industry show up mainly in theproducing areas, with 1961 increaseslarge in Canada, Venezuela, and the

Table 1.—Factors Affecting U.S. PrivateInvestments Abroad, 1960 and 1961.


Type of investment

Direct investments

Value, beginning of vear

A dd : C apital outflow iReinvested earningsOther adjustments 2

Value, end of vear

Other long-term private investments

Value beginning of year

Add: Capital outflow !

Price changes - _ .

Value end of vear

Short-term assets

\dd - Capital outflow 'V d just mon t^ 2

Value, end of vear

Combined changeCapital outflow ]

Reinvested earningsOther factors

1960

29, 827

1, 6941, 266

—9

32, 778

11,417

850365

32,632

3 596

1 33849

4, 983

5 5533 882i, 266

405

196 L

32, 778

1, 4671, 046-607

34, 684

12,632

1,006745

14, 383

4, 983

1,472135

6, 590

5, 2643 9451,046

273

1. Included in the balance of payments accounts.2. Mainly changes in coverage, reclassifications, or revalua-

tions (see note to Table 2).


22 SURVEY OF CURRENT KUSIXESS

Table 2.—Value of Direct Investments Abroad byTable 3.—Direct-Investment Capital Flow and Undistributed Subsidiary

Table 4.—Direct-Investment Earnings and Income,1


Line

1

2

3

4

56789

1011

121314151617181920

21

22232425262728293031323334353637

3839404142434445

4647484950515253

54555657

58

Area and country

All areas, total

Canada

Latin American Republics, total *

Mexico, Central America and West Indies,total.1

Cuba*Dominican RepublicGruatemalaHondurasMexicoPanamaOther countries

South America, totalArgentinaBrazilChileColombiaPeru- --UruguayVenezuela 2

Other countries

Western Hemisphere dependencies _ _ . _

Europe, totalCommon Market total

Belgium and LuxembourgFrance -GermanyItaly .Netherlands

Other Europe totalDenmarkNorwaySpainSwedenSwitzerlandTurkey .United KingdomOther countries

Africa, total _ _ -North AfricaEast AfricaWest AfricaCentral and South Africa, total

Rhodesia and NyasalandUnion of South Africa 3

Other countries

Asia, totalMiddle EastFar East total

IndiaIndonesiaJapanPhilippine RepublicOther countries - --

Oceania, totalAustralia _ _ _ _ _ _ _ _ _ _New ZealandOther countries

International

Table 2

1950

11,788

3,579

4,445

1,488

64210610662

41558

100

2,95735664454019314555

99331

131

1,73363769

2172046384

1,096322431582516

84763

287561242

17726

14012

1,001692309385819

14946

2562012530

356

1957

25, 394

8,769

7,434

2,234

84988

106108739201143

5,200333835666396383

572,465

64

618

4,1511,680

192464581252191

2,471425144

1096963

1,974119

66410630

14738159

30121

2,0191,138

881113169185306108

6985834866

1,041

1959

29,827

10,310

8,120

2,538

956104132110758327151

5,58236682872940142845

2,69096

768

5, 3232,208

211640796315245

3, 116486253

12516444

2,477143

83314543

228416

72323

21

2,2371,2131,024

134163209387131

879742

5483

1,357

1960 r

32, 778

11,198

8,387

2,642

956105131100795405150

5,74547295373842444647

2, 56997

884

6,6812,644

231741

1,006384283

4,037678359

11625465

3,231162

92519546

29039482

28626

2,2911,1391,152

159178254414147

9948565385

1,418

1961 P

Total

34, 684

11,804

8,166

1,773

(010512695

822468156

6,394635

1,00072542543749

3,017106

942

7,6553,041

256840

1,170467308

4,614959268

14040898

3, 523190

1,07026056

341413

87304

21

2,4821,2401,241

189147310439156

1,1019516387

1,463

Min-ingand

smelt-ing

3,061

1,380

1,105

181

0)(*)(*)(*)1301712

924(*)

14503

(*)242

(*)(*)

179

489--

(*)(*)

39

(*)

A(**)(*)(**)

22

28531

15512775502

27(**)

27(*)

83636

(**)

Petro-leum

12, 151

2,841

3,247

193

0)(*)

28(*)

486428

3,055(*)

92(*)229

71(*)

2,37156

401

2,131946

50244292215144

1,185614621774283

76193

4912385182

120(*)(*)(*)

1,7501,191

558(*)(*)(*)(*)(*)

423(*)(*)(*)

866

Manu-fac-tur-ing

11,936

5, 093

1,655

449

0)

8(*)414

1213

1,20728354327943722

1964

23

4,2121, 659

16946074718795

2,55321232921

1233

2,30528

1136

(**)2

106(*)103

(*)

32128

2936312

1108918

518501

17

Publicutili-ties

2,166

687

664

186

0)6

6623292140

478(*)198

(*)2820

(*)3314

49

47291

1021

1517

(**)(**)

4(**)(**)(**)

103

64

2(**)

R115

4111

2(**)

1044

1(*)(*)(*)

597

Trade

2,648

639

763

306

0)261

9718911

45828

1271350435

1867

77

8892993292933844

591117

1136

1637

31641

6254

10422

392

1528

144181

305539

664719

(**)

Other

2,722

1,164

732

459

(0972671

10416552

27332426

183242523

23119

212

328995

25352510

2292

1645

804

1314

1125

(**)901710

11317

1179

10910513316919196

57368

2787

Table 3

Net capital outflows

1960 r

1,694

471

95

68

(0(**)-3

-115630-3

2770832

157

(**)-150-1

54

962282

1053

1335531

68019182

2719

58912

81511

42-13

1-18

4

-20-72

52132

186

13

4146-5

(**)

12

196 IP

Total

1,467

297

141

42

0)-2—6-64582

99968

-15-612

(**)4

27

676270

1571947911

4052764

3010232

18816

122918

30

(**)-2-5

1321082415

-3137-1

6

8880

7(**)

-15

Min-ingand

smelt-ing

72

12

34

9

0)(*)(*)(*)

(**)36

(*)

-14(*)

18

(*).5

1

(**)(*)

(*)(*)

(**)

(*)(*)

(*)

27

(**)251i

(**)

R(*)

(*)(*)

(**)(»>—

Petro-leum

747

99

26

22

(0(*)

2(*)

164

(**)

4(*)

16(*)

-12

-42-2

15

360109

2104559-72512553

164129

12011

969381

-6(*)(*)(*)

108104

4(*)(*)

8(*)

44

8(*)-1

Manu-fac-

turing

460

122

73

20

(0(*)(*)(*)

162

533814

(**)(**)(**)

11(**)

1

227132

1049451414951

(**)(**)

8251

583

-3-1

1-3

(^3(*)

191

174

(**)14i

(**)

2222

<••>

Other

188

65

8

1

0)o

12'2

(**)

589

i

(**)35-3

10

89293

12454

601126

353C)

3

2— I

<**)'311

— 1—5

533

10-31

22(**)

5

2259

<")

-14

r Revised. p Preliminary. * Combined in other industries. **Less than $500,000.NOTE.—Detail may not add to totals because of rounding.1. Data for table 2 for 1961 exclude Cuba which was carried for the year 1960 at $956 million.

The tables on net capital outflows, reinvested subsidiary earnings, earnings and income,exclude Cuba for both years.

2. The value of direct investments in Venezuela in 1961 has been raised by $406 million be-cause of the revaluation of plant and equipment of a major oil company.

3. The value of direct investments in the Union of South Africa has been adjusted down-ward by $36 million because of the loss suffered by an American mining company on theliquidation of their South African operations.


August 1062 SURVEY OF CUE RENT BUSINESS 23

Selected Countries and Years, and Major Industries, 1961Earnings, by Selected Countries, with Major Industries for 1961by Selected Countries, with Major Industries for 1961


Table 3— Continued

Undistributed subsidiary earnings

I960'

1,266

389

215

52

0)

11

-3483

163363978

112

591

63

363154104876147

208(**)

34

-3352

1607

5022

19271017

(**)

64-367121317213

746842

49

1961 P

Total

1,046

284

221

71

0)2218

554

15052391872

382

30

314127

1028705

14188

135

-1521

11612

5131

21266

20(**)

66-672157

19273

201532

60

Miningand

smelt-ing

63

37

6

(**)

(')(*)(*)(*)

-11

6(*)

3(**)(*)

(**)(*)(*)

(**)

3

-1(*)

- - - ( i ; j - - -(*)(*)

-1

(*)(*)

(*)

-2

11(**)

5652

3

3(*)

(*)(*)

33

(**)

Petro-leum

159

51

39

(0(*)(**)(*)(**)42

31(*)

(**)(*)

34

(**)12

(**)

4

810

-411

-2-4

8-2-4

(**)

-36

(**)4

17211

13(*)(*)(*)

18

25(*)(*)(*)(*)(*)

7(*)(*)(*)

16

Manu-factur-

ing

437

141

83

9

0)(*)(*)(*)

71

(**)

75332813225

(**)

1

1949113106431

10242217

("><«3

-2(**)(**)

-1r)_2(*)

171

17826

(**)1

34

-1

Other

387

55

92

55

0)2112

492

37197

(**) 22

(**)211

23

113251

765

881111

51(**)

294

241

(**)1681

20(**)

281

2875

14272

7932

45

Table 4

Earnings

1960 '

3,566

718

829

126

( l)8

-41

54624

7034680

2658

4428-11

141

7693103572

1483619

4594557

48-9375

24

33-69-2376819502

9147341811470325213

115101112

47

1961 P

Total

3,700

684

910

151

0)12

-29

507211

75986715329654

459-7

122

8413414358

1832730

501657

1078-5372

27

28-71-228731459

(**)

9587512072365346322

9177122

65

Miningand

smelt-ing

359

90

141

16

0)(*)(*)(*)

812

125(*)

441

(*)41

(*)(*)

(**)

64

8(*)

-"(iij —(*)(*)

8

(*)(*)

(*)

441

(**)18241312

4

4(*)

(*)(*)

88

(**)

Petro-leum

1,449

121

436

12

0)(*)

-2n

353

424(*)

9(*)

177

(**)377-11

29

8440-11793

1243-4

(**)(**)_g

—6-7586

-84-75

2417

(*)(*)(*)

84074595

(*)(*)(*)(*)(*)

4(*)(*)(*)

20

Manu-factur-

ing

1,180

360

152

33

0)(*)(*)(*)

289

(**) "

119484334

412

(**)

1

532235

3729

15114

2978342

231

2525

19(**)(**)

19(*)

18(*)

503

47133

10166

66596

Other

711

113

181

90

(012-1

91164

91381598

13(**)

703

28

217657

11239

14152

224

11611

639

503

(**)34131

29(**)

643

611063234716

131062

45

Income I

1960 r

2,355

361

641

85

0)7

—5(**)

65161

55610457219483

371-11

78

3971442122662411

25242

(**)9

14-1021717

-17-71

18411034-2

853738114

160152810

3730

7(**)

5

1961 P

Total

2,672

409

711

87

0)10o

84520

62434355992582

422-9

94

5111972727

1042316

314533

1125-625815

-23-74-3

478

39(**)

893760133

61153218

65559

(**)

13

Miningand

smelt-ing

296

48

139

16

(')(*)(*)(*)

8(**)

2

123(*)

43(*)

43(*)(*)-11

61

9(*)

(*)(*)

9

(*)(*)

(*)

9

331

(**)14188

10

I

1(*)

(*)(*)

44

(**)

Petro-leum

1,303

74

397

5

0)(*) 2(*)

221

392(*)

8(*)

152

(**) "365

(**)

26

752926

1183

46(**)

1

(**)(**) ^

53-1

-101-7-J

£

-254

(*)(*)(*)

826755

71(*)(*)(*)(*)(*)

-3(*)(*)(*)

9

Manu-factur-

ing

710

212

67

23

(0(*)(*)(*)

211

(**)

431414212272

<**)

324130191678134

1954

12

15(**)

1712

20(**)

20(*)

20(*)

302

28

i135

575«?

Other

364

75

108

43

0)10-1

8

!?4

652011156

10(**)

501

1023764

1539

641139

101

34f>

252

(*

(' ^

<-,'134

«311!14

6

,,55

Line

1

3

4

6789

1011

1314If.1617181920

21

2223242$262728293031323334353637

3839404142434445

4647484950515253

54555657

68

1. Income is the sum of dividends, interest and branch profits; earnings is the sum of the U.S. share in the net earnings of subsidiaries and branch profits.



Table 5.—Direct Investments in Manufac-turing Enterprises Abroad, 1959, 1960 and1961, by commodity group


Manufacturing, total _ ..

Food productsPaper and allied productsChemicals and allied products.Rubber productsPrimary and fabricated metals.Machinery (except electrical).Electrical machineryTransportation equipment. . -Other products

1959

9,707

823813

1, 661461

1, 1631,202

8331,6031, 148

1960

11, 152

943861

1, 902520

1, 2561,333

9182,1181,301

19611

11,936

1,019918

2,030528

1,3731,4391,0082,2371,385

NOTE: Detail may not add to totals because of rounding.

1. 1961 data excludes Cuba. These investments wereestimated at year-end 1960 at $111 million, and included $21million for food products, $28 million for chemicals and alliedproducts, $28 million for the "other products" group and$34 million for all other manufacturing industries. '

Middle East. Earnings on the rapidlygrowing refinery and distribution in-stallations showed very little gain in1961. As the newly developed areasin North Africa come into production,earnings will gain both from increasedsales and reduced expenses connectedwith initial exploration and develop-ment.

Manufacturing earnings amountingto $1,180 million were unchanged in1961 from the 1960 total. A moderateincrease in European earnings, mainlyin Germany, the Benelux countries andSwitzerland, was offset by reduced earn-ings in Canada, Australia, and Brazil.This interruption of a steady growth inmanufactur ing earnings reflected lag-ging economic activity in several coun-tries, and probably also some situationswhere costs were rising rapidly. Earn-ings of mining companies which hadrisen in 1960, dropped back to $359million in 1961 as prices for mostminerals and metals weakened. Fewchanges were noted in other industries.

Income receipts from direct invest-ments (dividends, interest, and branchprofits) rose to $2.7 billion in 1961,more than $800 million above the 1960figure. Most of the gain reflected anincrease of $220 million in dividendreceipts, largely from nianufacturingfirms. Subsidiary earnings did notmaterially improve, so tha t the rate ofdividend pay-out in 1961 was the high-est since 1950. The rate of reinvest-ment for all subsidiary earnings was 46percent in 1961 and for manufac tur ingoperations it was 44 percent. Bycomparison, the average rate of rein-

vestment for the 1951-60 period wasabout 56 percent.

Fees and royalties increase rapidly

In addition to receipts in the form ofdividends, interest, and branch profits,U.S. parent companies are receivingfrom their foreign affiliates substantialamounts in payment for managementservices of various kinds or for the useof patents, copyrights, and similar in-tangible property. By 1961, this flowwas approaching $0.4 billion annually,and was continuing to rise more rapidlythan amounts labelled "income."

Other Private Investments

Outflows of private U.S. capital otherthan those connected with direct invest-ments have become important factorsin our balance of payments in the past2 years. Such flows include purchasesof foreign securities, bank loans ofvarying maturit ies, f inancing of foreigntrade and other international trans-actions, and transfers of cash funds intohigher-yielding liquid assets abroad.Taken together, recorded outflows ofthese types averaged $0.3 billion in the1950-55 period, $1.3 billion in the years1956-59, and then rose sharply to $2.2billion in 1960 and a record $2.5 billionin 1961.

The leading feature of the upsurge in1960-61 was the rise in lending bybanks, and, to a lesser extent, by indus-trial corporations. As shown in table6, a major share of this lending wasdirected to Japan, and representedprimarily acceptance credits at sub-stantially higher interest rates thanprevail domestically. The enlarged flowto Europe in 1960, and the sharp dropto that area in 1961, were largelyrelated to f luc tua t ions in the relativeattractiveness of interest rates in theUnited Kingdom, although the recordedflows were not very great. Canadareceived a sizable amount of corporatecash funds in 1961 and again in theearly part of 1962, reflecting higherinterest rates paid on deposits inCanadian banks and certain taxadvantages. Increases in short-termfinancing to Latin America in these 2years were fairly typical of experiencesince 1950.

U.S. banks, and to a lesser extentnonfinancial corporations, have been ex-panding their longer-term foreign loansor credits at an annual rate of over$200 million since 1955. Banks added$1.4 billion to their foreign creditsduring these years, of which about halfwent to Latin America, mainly Brazil,Venezuela, and Mexico, and about $350million to Europe, including substantialamounts to finance Norway's shippingindustry.

Sizable purchases of foreign securitieshave also been a consistent feature ofthe U.S. balance of payments beginningin 1956, averaging nearly $0.8 billiona year since then. In most yearspurchases of foreign bonds have pre-dominated, reaching a high of about $1billion in 1958, when our interest ratestructure was exceptionally low. In1961 net purchases of foreign bondswere reduced to about $0.4 billion,featured by a growing share of issues ofEuropean countries, Japan, and otherrelatively new borrowers.

In the first half of 1962 a marked risein foreign bond issues in the United

(Continued on page 32)

Table 6.—Portfolio and Short-Term PrivateCapital Outflows, 1960 and 1961

[Millions of dollars; inflow to U.S. (—)]

| Net purchases; Short-term

Area andcountry

Total19611960

Europe19611460

UnitedKingdom

1901I960

Canada19611960

Latin AmericanRepublics

19611960

Other countries1961I960

Japan19611960

InternationalInstitutions

19611960

Total

of foreignsecurities

Bonds Stocks

2 478 HQQ2, 188

424

—87308

700370

2,56439

1. 118704

498

-20118

1435

—637

180202

1786

208111

50-1

-20118

35498

24186

58-42

71-8

59

3711

1

Otherme-

dium-termloans(net)

253200

11716

-3-31

-11-32

97159

50

142

capita'

Banks

1, 063990

49180

—65125

116149

121175

486

639482

(net)

Cor-po-rateand

other

409348

3240

— 71219

344

1610

4639

2414


BY MAX LECHTEK

U.S. Foreign Trade in Finished Manufactures

Ex,jXPORTS of domestic merchandise(excluding military aid) reached a peakof nearly $20.9 billion at an animal rate,seasonally adjusted, in the first half of1962 as shipments abroad of finishedmanufactures set a record of $11.9billion—some 57 percent of the to ta l .U.S. imports l also climbed to an all-time high of $15.9 billion at an annualrate in the same period, with arrivals offinished goods rising to more than $5.8billion—nearly 37 percent of the total.

Changing import pattern contrastswith stable export trends

The current share of finished goodsin to ta l exports represents a minorvariation from the average ratio tha thas been maintained with little changein trend throughout the whole postwarperiod. In contrast, the present shareof finished manufactures in our overallimport trade reflects a doubling of theproportion t h a t prevailed in the early1950's.

These developments are a reflectionof the more rapid growth in imports offinished goods relative to total imports,t h a n the corresponding relationship forexports of finished goods to to t a l overthe past dozen years. The growth ra teof finished goods imports, averagingover- 1 1 % percent a year during thisperiod, far outpaced the 4% percentaverage annua l rise in to t a l imports.In the case of exports, on the otherhand , both finished manufactures andthe to ta l advanced at nearly equalaverage yearly rates of about 5%percent.

In dealing with rates of change itis, of course, essential to consider thebase period of measurement. In theearly 1950?s, before the industrial com-plex of Europe and Japan had beenfully restored, U.S. imports of finishedgoods were a smaller proportion of total

1 Throughout the discussion which follows, U.S. Govern-ment, imports of uranium are excluded from the figures forto ta l imports.

04770: {—0 2 4

imports than in the prosperous periodof 1925-29 or even in the depressionyears of the thirties. Exports of fin-ished manufactures, on the other hand,claimed a larger share of total exportsin 1950-53 than they had in the prewarperiod (see double chart on page 26).

Notwithstanding differences in growthexpressed in percentage terms, theUnited States presently exports $2 offinished goods for every $1 imported,or a surplus in actual dollar terms of$6 billion. In 1950-53, on average, theactual dollar surplus in such goods was$1 billion less, although then the ratioof the two-way trade was nearly 3/2 to1 in our favor. The ('hart on this pageshows the magnitude of the dollarsurplus of exports over imports of fin-ished manufactures and the rather mod-erate expansion of that surplus duringthis period- averaging only 2 percent

EXPORTS AND IMPORTSOF FINISHED MANUFACTURES

• Exports Exceed Imports by Near-Record $6 Bil.• Surplus in Steady Rise After 1959

Billion $14

10Exports

Imports •

I I I I I 1 I 1

1950 52 54 56 58 60 62* 64* First half at annual rate, seasonally adjusted.

(Exports for June estimated)Basic data; Census


a year—concentrated in 1956-57 andagain in the more recent years following1959.

The double chart on page 26 showsthe historical shares of finished goodsand the other two major economicclasses foodstuffs, and crude and semi-manufactured materials—in total ex-ports and imports. The preponderantweight of finished manufactures in. U.S.exports in the postwar years, and itsvariation around an average 55 percentof the total, contrasts with the stillsubsidiary, but rapidly advancing posi-tion of finished goods in our importtrade during the same period.

These share pat terns have been ac-companied since the early fifties, onthe export side, by the maintenance,also wi th some variations, of the rela-tive positions of the two other broadcommodity groupings but , on the im-port side, by a definite downward trendin the relative weights of both foodstuffsand crude and semimanufactured ma-terials. The la t ter factor, of i t s e l f , hasthe effect of raising the relative im-portance of finished goods. (Yude andsemimanufactured materials, with acurrent share of about 42 percent oftotal imports, still holds top place inthis country 's import trade but itsleadership is being challenged by thepersistent uptrend in the share of fin-ished goods.

Finished goods key factor in U.S.total trade surplus

For a half century or more the Na-tion's overall trade surplus has re-mained heavily dependent on its largeexport balance in finished manufac-tures. Over the past decade, however,the total trade surplus has expandedfaster—both in percentage and in dol-lar terms—than the export balance onfinished goods (see bar chart). From1950-53 to thus far in 1962 the totaltrade balance advanced at an average


SURVEY OF CURRENT BUSINESS August li)<>:>

annual rate of 10K percent while theexport balance on finished goods grewat a rate of scarcely more than 2 per-cent a year.

The dollar surplus on finished goodscontinues, nevertheless, to exceed thetotal surplus by an average ratio in the19607s of about 1# to 1, but this isconsiderably smaller than the average21 >2 to 1 relationship which prevailedin the first 5 years of the precedingdecade. The faster growth in the U.S.total trade surplus than in its exportbalance on finished goods reflects notonly the vigorous advance in imports offinished goods but also the decliningdeficit in the Nation's trade in crudematerials and semimanufactures andthe recent switch from a deficit to asurplus in foods (see bar chart).

Structure of Trade

Caplta I equipniefit dornma tes

exports; consumer goods

lead imports

The chart on page 28, based on OBE'sbroad end-use category groupings,-sho\ss the changing structure of ourtrade in finished manufactures.

A^ the chart reveals, capital equip-ment exports continue to claim undis-puted leadership over exports—or im-port- of other categories of finishedLioods and represent the key factor inmain ta in ing the Nation's large exportMirplus in finished manufactures. Ex-porN of capital equipment last yeartotaled $6.7 billion, of which ma-chinery-- its largest component—ac-rounted for two-thirds, a preponderancedatiii'j; back a great many years. Inextivme contrast, capital equipmentimports-- also heavily weighted by ma-chinery and related i t ems—-amountedto l t^s than $0>4 billion. So far in 1962,the dollar value excess of exports overin 'ports has widened even more on ananimal basis.

iditf'd to different economic ?

i - l i i a in considerable detail hav;s, and fanners.

been prepared

The growing dollar surplus in ourtwo-way trade in capital equipment, inthe face of much greater percentageincreases in imports than in exports,has been characteristic of U.S. trade inthis category of goods throughout thewhole postwar period. From 1950 to1961, exports of capital equipment ex-panded by one-and-a-third while im-ports advanced by more than fivefold;over the same span, however, exportsgrew in value by over $8/4 billion asimports rose only $600 million. Thesediverse relationships point up the carewhich must be taken to avoid drawingfaulty conclusions from much ofpresent-day comment on the subject offoreign trade and import competition inwhich the discussion focuses exclusivelyon growth rate (percentage) compari-sons where a wide disparity in valuemagnitudes exists between the statisti-cal series being compared.

This is not to discount the real

significance of relative trends where theabsolute values are reasonably "com-petitive." The evolution of thiscountry's role from a net exporter to anet importer, since 1957, of finishedconsumer goods provides an example ofhow a persistently larger growth ratein trade in one direction than in theother ultimately results in the absolutevalue of the initially lower series gainingascendency over the originally higherone.

In 1950, exports of consumer goodsexceeded imports by about $400 million,or by a ratio of somewhat less thantwo to one. Capital equipment ex-ports, by way of comparison, surpassedimports by over $2% billion in thatyear, reflecting a disparity of 26 to 1.The expansion in consumer goodsimports by over 200 percent from 1950to 1957 while exports improved by only65 percent produced a shift in the abso-lute dollar relationship of our trade in

SHARE OF ECONOMIC CLASSES IN TOTAL TRADE

EXPORTS: Finished Manufactures Dominate—Postwar Share Maintained WithRelative Stability

IMPORTS: Rising Share of FinishedManufactures Challenges Leading Roleof Crude and Semimanufactured Goods

Percentof Total

75

Finished Manufactures Crude Materials andSemimanufactures

50

Crude Materials andSemimanufactures

\

25

Foodstuffs

Foodstuffs

1 I I 1 1 I I I I 1 i I ! I i I I I i I I I I I I

1925 30 4J> 5029 39 49

Averages

55 60 65 1925 30 46 5029 39 49

Averages

55 60 65

Note: 1962 reflects January-June at annual rate, seasonally adjusted.(Exports for June estimated)


Basic data: Census

62-8-7


August 1J)(>2 SURVEY OF CURRENT BUSINESS 27

manufactured consumer goods from asurplus to a deficit position sometimeduring- the latter year. In 1958, thecontinued enlargement in the value ofconsumer goods imports, aided by asharp $200 million rise, for the secondsuccessive year, in arrivals of foreignpassenger cars pushed that categoryinto the top position on the import sideof our trade in finished manufactures.

In the first half of the current \7ear,imports of consumer goods were arrivingat an annual rate (seasonally adjusted)that exceeded 1960's record total of$2X billion. The current peak rate forthis top import category, nevertheless,is not even a third as great as thecurrent record pace of capital equip-ment exports.

In contrast to the Nation's switchfrom a surplus to a deficit position ontrade in manufactured consumer goods,the United States still retains itstraditional role as a net exporter offinished industrial supplies and ma-terials (but a net importer of crudeindustrial materials). However, thatexport advantage contracted sharplyin the first half of 1962—-to even lessthan the narrow difference prevailingin 1959—-as imports in January-June,at a seasonally adjusted annual rate,scored a substantial rise of nearly 15percent over the total in 1961 (seepanel chart on page 28). This develop-ment probably reflects to a large extentthe near-duplication of demand condi-tions existing in 1959—a cyclical re-covery in domestic business from a yearearlier combined with the threat ofwork stoppages arising from the largenumber of labor contract expirationdates scheduled in the steel and non-ferrous metals industries during thefirst 6 months of the year.

Area Trends in FinishedManufactures

The changing area pattern of eco-nomic growth and investment activitythroughout the world since the mid-1950's was characterized in Latin Amer-ica and Canada after the boom periodof 1956-57 by a lagging investmentpace and a hesitant rate of growth inGNP, and by strikingly opposite trendsin the hisflilv industrialized areas of

Western Europe arid Japan. Thesedevelopments obviously brought aboutmajor shifts in the relative importanceof our leading export markets for fin-ished goods.

Europe top continental market forfinished goods

While the Western Hemisphere inaggregate is still the major export areafor U.S. finished manufactures, Europein 1960 took the lead over both Canadaand Latin America, respectively, as thetop continental outlet for such goods forthe first time since the end of the war.Canada remains, however, the Nation'sbest individual country destination forU.S. finished goods by a substantialmargin over the current second-rankingmarket, West Germany. The latter'shold on the runner-up position rests onthe sizable value of its recent large cashpurchase of U.S. special category mili-tary equipment. If such exports areexcluded from the comparisons, Mexicoand Japan rank as the second and thirdmost important single markets, respec-tively. Canada's lead as an individualexport outlet for U.S. finished manu-factures in 1962 thus far is a command-

ing 5% to 1 over Japan, our top marketoutside the Western Hemisphere, butthis ratio represents a sharp contractionof the 10J9 to 1 margin in 1959 over thesame major overseas market. In I960,Britain was the leading destination out-side the Western Hemisphere.

The downward shift in the relativeshare of the Western Hemisphere as amarket for our finished goods—fromabout 57K percent in 1959 to about46M percent in 1961, with a further-decline evident in the current year—isexplained only to a minor degree, how-ever, by the whittling down of Canada's;leading position; nor does the loss ofthe Cuban export market in LatinAmerica amend the explanation signifi-cantly.

The major factor was the steep 2-year-advance in the flow of U.S. finishedmanufactures to Europe and Japanwhich swelled by over 70 percent, or$1.4 billion—mostly in the form ofcapital equipment. As exports to theWestern Hemisphere, in contrast, de-clined by over $% billion in the sameperiod—or remained nearly stagnant ifadjustment is made for the Joss of theCuban market—the combined share of

FINISHED GOODS EXPORT BALANCE CONTINUES TO RISE• Remains Key Factor in Overall Trade Surplus

• •Declining Deficit in Other Goods Has Contributed To Accelerated Growth of Total Surplus

Billion $ (Trade Balance)

8 ~

6 -

Surplus on

^ Finished Goods

UeticiiFoodstuffs

Deficit on CrudeMaterials <§ Semimanufactures

-4 -1950-53

Average1954 1955 1958

Reflects f i r s t half 1962 at seasonally adjusted annual rate (June 62 estimated)


1960 - 62 *Average

Basic data: Census



the overseas industrialized areas rosefrom 2ll/2 to 31K percent. In the firstpart of 1962 these divergent relation-ships were amplified, thus further ex-tending trends already in motion priorto 1959.

In earlier years—-during the postwarperiod until 1956-57—the area sharerelationships were generally trendingin the reverse direction, that is, theWestern Hemisphere share was risingand that of Europe falling. Thatperiod was climaxed in late 1956 andearly 1957 when the natural resourcedevelopment booms reached their peaksin Canada and Venezuela and thenreceded.

In 1958 the European CommonMarket came into being and proved

DEMAND PATTERNS FOR EXPORTS ANDIMPORTS OF FINISHED MANUFACTURESDIFFER WIDELY •

• Capital Equipment Dominates Exports• Consumer Goods Lead Imports

Billion $CAPITAL EQUIPMENT

Exports

Imports

\"T'l 1 I I 1 I I

FINISHED CONSUMER GOODS

Imports

Exports / ""^-.

\ ^-

f- FINISHED INDUSTRIAL SUPPLIES

Exports

1 I I 1 I I I I I I i i

1950 52 54 56 58 60 62* 64* First half at annual rate, seasonally adjusted.

(June estimated)


to be a forceful motivation and stimu-lus for the dynamic investment boomin continental Europe that shortlyfollowed. Private U.S. capital playeda part in both areas, with the volumeof U.S. direct investment outflowstracing the ending and beginning turn-ing points, respectively, in overallinvestment volume in the WesternHemisphere and in Europe. (WhileU.S. direct investment flows are nota reliable barometer for tracking short-term ups and downs in total invest-ment activity abroad, they can servethis purpose quite well in the case ofimportant secular turnabouts in suchactivity.)

The shifting area pattern of foreigninvestment, and the transitional periodof reduced investment activity in 195S-59, is closely reflected in the movementof U.S. exports of capital equipment(see panel chart and text table onthis page). The resumption after1959 of the postwar growth in U.S.machinery and other capital goodsexports, temporarily interrupted after1957, reflects the replacement of West-ern Europe in the role previously playedby Canada and Latin America.

Imports from overseas industrializedareas

Europe and Japan have traditionallybeen principal foreign suppliers for U.S.finished goods import requirements.Together, these industrially developedoverseas areas have lately accountedfor about two-thirds of the total ofsuch imports, and for about nine-tenths of all U.S. imports of manu-factured consumer goods.

Canada holds the top individualposition in our import trade in finishedgoods, as in our exports (see table 1),though this is true only by virtue ofits heavy shipments of newsprint—acommodity with a lesser degree of manu-facturing complexity then most otherfinished goods. Excluding such ship-ments—with a value nearly unchangedfor the past several years of approxi-mately $650-$675 million a year—Canada's share of U.S. finished goodsimports has been running a steadyone-tenth of the total, or about at anannual rate of $525 million from 1959

Area changes in U.S. private direct invest-ment and in U.S. exports of machinery

(Percent of change)

Period U.S. In- U.S. Ex-vestment ports

Canada and LatinAmerica

1955 to 1957_.1957 to 19581958 to 1961..

1955 to 1957..1957 to 19581958 to 1961..

+254 I +39-62 i -8-43 ' -7

Western Europe

+121 I +30-34 i -9

+261 +101

to the present. Combined with LatinAmerica's low level of sales amountingto less than $150 million a year, theWestern Hemisphere's aggregate shareduring this period has been about one-eighth. On this basis, Canada's roleas principal single supplier of finishedgoods in the United States gives placeto Japan, which currently, and for thepast 2 years, has held the position. Forsome years prior to 1960, the leadposition seesawed between Britain andGermany.

Table 1 shows that the respective rel-ative positions of each of the major areasof the world as U.S. import sourcesfor finished manufactures have beenmaintained with a fair degree of sta-bility during the last 3 ]o years, duepartly to the comparatively moderatevariations in the global total of suchimports over the period. This is instrong contrast , it will be noted, to thesubstantial shifts in area relationshipsobserved for exports.

Trade balance on finished goodschanged

Differences discussed above in thevalue movements and area relation-ships between exports and imports offinished manufactures in the past 3!^vears have wrought some significantchanges in our trade balance on suchgoods during the period.

Perhaps the most striking of theseis the sharp swing in our balance witliWestern Europe from a deficit of( — ) $1 billion in 1959 to a surplus of$K billion in 1961. The improvementof a billion and a half dollars in just2 years was the essential factor in thesimultaneous expansion of SI.6 billion



in the global surplus on finished manu-factures. The latter balance reacheda total of $5.85 billion in 1961 andbroadened further in the first half of1962. In each case the upward move-ment of the balance after 1959 wasessentially a function of the greaterabsolute and relative strength of ex-ports than of imports (see table 1).

Contrariwise, our two-way trade withCanada in finished manufactures,though continuing to produce its cus-tomary large export surplus, showedlittle variation in either direction andbrought only a minor movement inthe balance, from $1.5 billion to some-what less than $1.4 billion, between1959 and 1961. The first 5 months of1962 have witnessed a noticeable en-largement of that balance, however,with the more rapid advance of exportsthan imports.

Despite the dramatic turnabout ofour trade position in finished goodswith Western Europe after 1959 theexport surplus with that area is cur-rently less than half that with Canadaand about a third the size of our exportbalance with Latin America. Thedecline in the last instance of about$V4 billion reflects primarily the disap-pearance of the Cuban market—ournet trade position with the other 19American Republics in aggregate hasundergone little change.

Our trade in finished goods withJapan has been in deficit—varyingdollar-wise moderately above andbelow an average of a half billiondollars—for a number of years in therecent past. This is in contrast to theusual heavy export balance in ouroverall trade with Japan—arising outof our sizable trade surpluses in crudematerials (raw cotton, scrap metal,etc.), and in foodstuffs—and reflectsthe large influx of Japanese consumergoods which substantially exceeds oursmaller, but growing, sales of capitalequipment to that country.

The traditional trade surplus infinished goods with the less developedareas of the world has been edgingupward in the past few years, doubtlessdue in considerable measure to aug-mented demand stemming from thestepped-up flow of U.S. Governmentgrants and loans for development andbalance of payments assistance.

KEY COMMODITY SHIFTS

—Growth and Decline—

Exports and imports of finishedmanufactures over the past decade,broadly sketched in terms of the totaland of its large end-use categorycomponents in the preceding pages, areexamined in closer detail in table 2.That table sharpens the focus ofanalysis on the key commodity group-ings which have supplied the majorimpetus to the shifts in the larger totalsbetween 1950-53 (annual average) and1961.3

3. The commodity groupings listed in the table provide 90percent coverage of the Nation's two-way trade in finishedgoods in both base periods. It is recognized that suchgroupings are still too aggregative to permit a product-by-product or even industry-by-industry comparison of exportsand imports; such a comparison would represent an under-taking beyond the scope of this article.

Improvement in machinery, trans-port, and military equipment

It is clearly evident from the "Im-provement" section of table 2 that thelarge value excess of exports overimports of total finished manufactures,which has ranged from $5 billion to $6billion over the decade since the earlyfifties, is concentrated among the majoritems of capital equipment—non-agri-cultural machinery, aircraft, railwayequipment, and special category goods.These items have accounted for most ofthe $2.9 billion addition to our exportbalance in the past decade, sufficient toovercome the deterioration in our tradeposition in other commodities—princi-pally consumer goods and certainfinished industrial materials—of about$1% billion dollars.

Table 1.—Area Distribution of U.S. Trade in Finished Manufactures—1959, 1960, 1961 andJanuary-May 1961-62

Total, all areasWestern Hemisphere, total.

Canada20 American Republics

Western Europe and Japan, total !. _ _ . _ _Western Europe, total

IT. K.2 _E. E. 0. countries 2

Other Western Europe 2 ~Special category (non-aid)

Japan l

Rest of world total 3

Total, all areas..Western Hemisphere, total

Canada . _ ._20 American Republics

Western Europe and Japan, totalWestern Europe, total

U KE. E. C. countriesOther Western Europe

JapanRest of world, total

Total, all areas _Western Hemisphere total

Canada20 \merican Republics

Western Europe and Japan, totalWestern Europe total

IT KE E O countriesOther Western EuropeSpecial category (non-aid)

JapanRest of world total

1959

$ mil-lion

%

1960

$ mil-lion

6V

1961

$ mil-lion

%

January-May

1961

$ mil-lion

%

1962

$ mil-lion

<•-//

Domestic exports (excl. military aid)

9, 3065, 3662, 6792,6871, 9961, 751

225719546261245

1, 944

100.057.728.828.921. 418.8

5.92.82.0

20.9

10, 5245. 2362, 6342, 6023. 0392, 730

4311,145

697457309

2, 249

100.049. 725. 024. 728. 92(1. 04.1

10.96. 64.42.9

21.4

10,9315, 0922, 5662. 5263. 4393,012

4111. 295

726580427

2. 400

100.046. 623.523.131. 527.63.8

11.96.65.33.9

21.9

4,5572,1141, 0881, 0261, 4051,246

178548307213159

1,038

100.040. 423.922.530.827.33.9

12.06.74.73.5

22.8

5,0682,2471, 2201,0271, 7261, 527

169639344375199

1, 095

100.044. 324. 120.234. 130. 13. 3

12. 66. 8

4-021.6

General imports

5,1811, 3031,178

1253, 5142,785

7431,636

406729364

100.025.222.82.4

67. 853. 714. 331.67.8

14.17.0

5,3011,3321, 195

1373, 5542, 680

6461, 592

442874415

100.025. 122.52.6

67.150. 612 230.18.3

If!. 57,8

5,0791, 3421. 202

1403, 3082, 514

5271. 567

420794429

100.026.423.72.7

49.510.430.88.3

15.78.4

1,939540481

591, 235

945197587161290164

100.027.824.83.0

63. 748.710.130. 38.3

15.08.5

2, 405(50453569

1, 5761,194

276712206382225

100.025. 122.2

2. 965. 549. 611.529. 68.5

15. 99. 4

Trade balance

4,1254, 0631, 5012,562

-1,518— 1,034

-518—917

140261

-4841,580

5,2233,9041, 4392,465-515

50-215—447

255457

-5651,834

5,8523 7501,3642,386

131498

-116-272

306580

-3671.971

2, 6181 574

607967170301

-19-39146213

-131874

2, 6631 643

685958150333

-107-73138375

-183870

1. Excludes special category exports to Japan, included in "Rest of world, total", (see footnote 3).2. Excludes special category exports. Such shipments are included in the non-aid special category export total for Western

Europe.3. Includes special category exports to Japan.


30 SURVEY OF CURRENT BUSINESS August

It is interesting to note that, for themost part, the specific commoditygroupings which loom largest in exportsand have contributed most to the im-provement in our export balance arethose for which imports are virtuallynonexistent—as in the case of construc-tion machinery, rolling mill machinery,railway equipment, and auto parts forassembly—or are dwarfed by exports.Exceptions are confined to aircraft,electrical machinery (for industrial use)and the basket grouping of "other non-agricultural machinery and parts."

Special category goods represent adistinctive commodity grouping whichprovides a very sizable—nearly $0.7billion in 1961—and recently acceler-ating contribution to the Nation's ex-port balance on finished manufactures.This export grouping, however, cannotproperly be considered as reflecting thiscountry's competitive advantage in theinternational market place, except tothe extent that an estimated one-fifthof such goods may be classifiable asnonmilitary exports.4 The remainingfour-fifths consists of military equip-ment essential to the defense require-ments of foreign governments and forwhich they are willing to pay.5

Our two-way trade in aircraft hasnever failed to produce a substantial ex-port balance, the magnitude of which,however, has fluctuated during thepast decade from an annual high of$K billion in 1960 to less than $50million in the early 1950's. Currentindications are for a sharp drop insuch exports in the second half of thecurrent year from the high volumeprevailing for the past 2% years.This characteristic volatility can alterour export balance in finished man-ufactures very significantly in certainyears.

Deterioration in consumer goods.,steel, and petroleum

Whereas our trade in machinery andcommercial transportation equipmenthas customarily produced a large ex-port balance which has expanded overthe long-term period with, for the

Table 2.—Shifts in U.S. Trade Position for Selected Product Groupings of FinishedManufactures 1


TotalExports.ImportsBalance _ __ .

N onagri cultural machinery, total:ExportsImportsBalance __ _

Electrical machinery and parts:ExportsImports.Balance

Construction, excavating, mining, oilfield machinery and parts:

ExportsImports.. -Balance

Rolling mill machinery and parts:ExportsImports _ _ _ . . _ _ .Balance

Machine tools and metal workingmachinery and parts:

ExportsImports _Balance

Office (incl. computing) machineryand parts:

ExportsImportsBalance

Other nonagricultural machinery andparts:

ExportsImportsBalance _

Aircraft and parts:ExportsImportsBalance

Railway equipment and parts:ExportsImportsBalance .

Automotive parts for assembly:ExportsImportsBalance

Other automotive parts and acces-sories:


Chemicals and related items:ExportsImportsBalance

"Cash" special category (excl. mili-tary aid and Defense Dept. salesof military equip.):


annualivorago

1961

CHANGE from 1950-53annual average to 1961 |

Ex-ports

Im-ports

Balance[Gain j(+) or

loss(-)]Product Groupings Showing IMPR

(Increase in export balance, switch from nimport ba

1950-53 to 1961

I

3,418117

+3,301

2 33792

+2, 245

36919

+350

745(*)

+745

60(*)+60

17426

+ 148

927

+85

89740

+857

451

+44

81(*)+81

159(*)

+159

2298

+221

41516

+399

152

+152

6,844668

+6, 176

4,372436

+3, 936

603137

+466

1, 135(*)

+1,135

105(*)

+105

37534

+341

31170

+241

1,843195

+1, 648

351120

+231

163(*)

+ 163

255(*)

+255

31848

+270

69364

+629

692

+692

+3, 426

Increasport b

+2,035

— > Increaport b

+234

-> Increaport b

+390

-> Increaport b

+45

-» Increaport b

+201

— > Increaport b

+219

-> Increaport b

+946

-> Increaport b

+306

-> Increaport b

+82

-> Increaport b

+96

-» Increaport b

+89

-> Increaport b

+278

-> Increaport b

+540

1+551

e in ex-alance

+344ie in ex-alance

+ 118se in ex-alance

(*)se in ex-alance

(*)se in ex-alance

+8se in ex-alance

+63se in ex-alance

+155se in ex-alance

+119se in ex-alance

se in ex-alance

(*)se in ex-alance

+40se in ex-alance

+48se in ex-alance

-> Increase inexport balance

+2,875

+ 1.691

1+116

!

+390

+45

+193

i

+156

"+79l"

+187

+82

+96

+49

+230

+540

!January-May ;

]961 1962

CITJanui

to Jain

Ex-ports

INGEiry-ALj

Im-ports

fromiv 1961lay 1962

Balance[Gain('+) or

loss(-)]

OVEMENT in Trade Positioniport to export balance, or decrease inance)

January-May 1961 to Januarv-May1962

(Includes only items showing im-provement from 1950-53 to 1961)

2,843242

+2,601

1.818167

+ 1.651

24752

+ 195

487(*)

+487

40(*)+40

15213

+139

13129

+102

76173

+688

15922

+137

67(*)+67

107(*)

+107

13721

+116

29532

+263

260

+260

3,301318

+2, 983

1. 985208

+ 1.777

26765

+202

496(*)

+496

43(*)+43

17516

+159

13924

+115

865103

+762

20954

+155

64(*)+64

151(*)

+151

13525

+110

30531

+274

452

+452

+458

+ 167

+20

+9

+3

+23

+8

+104

+50

—3

+44

2

+10

+192

+76

+41

+ 13

(*}^ '

(*)

+3

-1

+30

+32

(*)

(*)

+4

— 1

+382

"""+126

+I

+9

"""""+§

"""+20

+13

"""+74

"""+18

2

"""+44

-__-.-_.

+11

+192

1. Based on changes between 1950-53 (annual average) and 1961. Commodities listed provide 90 percent coverage of totaltwo-way trade in finished manufactures in both base periods.

* Imports negligible.

Source: U.S. Department of Commerce, Office of Business Economics, from basic data of Bureau of the Census.

4. Among these are electron tubes, radar equipment forairfields, commercial jet-aircraft engines, landing gear andparts, and aircraft ground handling equipment.

5. Payment is made in cash or under credit arrangementswith relatively short repayment terms.

most part, only minor inroads in valueterms on the part of imports, our two-way trade in finished consumer goods

in aggregate has reversed itself com-pletely—from an export balance of near-ly $500 million in 1950-53 (annual


August 10(52 SUKVEY OF CURRENT BUSINESS 31

Table 2.—Shifts in U.S. Trade Position for Selected Product Groupings of FinishedManufactures 1—Continued


TotalExportsImports

Consumer durables:Passenger cars:


Consumer electrical productsand parts (incl. radio andT.V.):

ExportsImports _ _ _Balance

Other consumer durables:ExportsImports _Balance

Textiles, total:ExportsImportsBalance

Cotton cloth and materials:Exports _ImportsBalance

Other finished textile materials:Exports _ _ _Imports _ _Balance

Apparel, house furnishings andother finished consumer tex-tiles:

ExportsImportsBalance. __

Consumer nondurables (excl. tex-tiles) :


Steel mill products (excl. semimfrs.):ExportsImportsBalance _ _

Petroleum products (excl. semimfrs.):ExportsImportsBalance _ _

TotalExports _ -ImportsBalance, __

Trucks and buses:ExportsImportsBalance

Paper and products (incl. news-print):

ExportsImports. _ _Balance

Metal materials and components(excl. steel):

Exports __ImportsBalance _

Agricultural machinery:ExportsImports..Balance

1950-53annualaverage

1961

CHANGE from 1950-53annual average to 1961

Ex-ports

Im-ports

Balance[Gain(+)or

loss

January-May

1961 1962

C1IJamie

to Jan

Ex-ports

\ N G Fi -y-M

Im-ports

fromiv 1961lay 1962

Balance[Gain(+) or

loss

Product Groupings Showing DETERIORATION in Trade Position(Decrease in export balance, switch from export to import balance, increase in import

balance)

1950-53 to 1961

2, 0.37905

+1, 132

26734

+233

1845

+179

174294

-120

569398

+171

25027

+223

147234

-87

172137

+35

22868

+160

174102

+72

4414

+437

2,1022,634

532

223318

95

267183

+84

274763

-489

500747

-247

16570

+95

165318

-153

170359

-189

397276

+121

134274

-140

30773

+234

+654-1. 729

Switch fromexport toimportbalance

-1-> Sivitcexport tc

bale

+83

— > Deereexport

+100

-> Increimport

-69

-> Sivitcexpc

import

-85

-> Deereexport

+ 18

-> Increimport

-2

-> Switcexpc

import

+169

-> Deereexport

-40

-> Switcexpc

import

-134

-> Deereexport

+284\jrom) importnee

+178ase inbalance

+469ase inbalance

+349h fromrttobalance

+43ase inbalance

+84ase inbalance

+222hfromrttobalance

+208ase inmlance

+172h fromrttobalance

+69ase inbalance

-1,664

-328

-95

-369

-418

-128

-66

-224

-39

212

-203

January-May 1961 to January-Mav1962

(Includes only items showingdeterioration from 1950-53 to 1961)

88998899

103127

-24

11759

+58

106286

-180

222292

-70

7328

+45

69142

-73

80122

-42

16096

+64

5310148

12827

+101

8891, 300

411

117186

-69

11391

+22

111340

-229

210386

-176

6751

+ 16

69168

-99

74167

-93

171117

+54

5214088

11540

+75

+14

-4

+5

-12

-6

-6

+11

-1

-13

+312

+59

+32

+54

+94

+23

+26

+45

+21

+39

+13

-312

-45

_ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _

"""-106

"""-29

_ _ _ _ _ _ _ _

-51

-10

""""-40

-26

Product Groupings Showing RELATIVELY UNCHANGED Trade Position

801692

+109

3101

+309

138562

-424

22143

+178

13286

+46

1,0511,023+28

32213

+309

280760

-480

305135

+170

144115

+29

+250

+12

+142

+84

+12

+331

+12

+198

+92

+29

-81

-56

o

-17

441424

+17

1367

+ 129

113307

-194

11852

+66

7458

+16

445456-11

1148

+106

120313

-193

14066

+74

7169

+2

+4

-22

+7

+22

-3

+32

+1

+6

+14

+11

_ _ _ _ _ _ _ _

-23

+1

+8

Zl4

average) to a deficit position of over(—) $600 million in 1961.

This deterioration of $1.3 billionaccounts for most of the $1% billiontotal decline over the decade for theitems shown in the second section ofthe table.

Nearly three-fourths of the declinein our trade position in consumer goodswas concentrated in consumer durables(including autos). This is perhapsnot surprising inasmuch as trade in suchdurables accounted for almost two-thirds of the two-way trade in allconsumer goods in both 1950-53 andin 1961.

While our net trade in passengercars over this period has shown themost deterioration of any single prod-uct listed, with a huge eightfold gainin imports accompanied by a simul-taneous one-sixth drop in exports, tex-tiles as a group have registered thelargest net loss. Within this group,imports of finished consumer textiles—apparel, home furnishings, etc.—havescored the largest advance, reflectingthe penetration of Far East suppliersof "cheap price-tag77 shirts and blouses,cotton trousers, housedresses, etc., andthe more recent gains in higher-pricedapparel from Europe, especially Italy.

Nearly as large a gain dollarwise,and even larger percentagewise, wasmade in the grouping of consumer non-durables other than textiles, reflectingthe outstanding advance in imports ofinexpensive rubber and leather foot-wear. The expansion of a number ofU.S. export items in this grouping,such as cigarettes, books, ball-pointpens, etc., has moderated our nettrading loss.

Our trade in consumer electricalgoods still shows a trade surplus, butone that has declined by nearly $100million since the early 1950's. Almostthe entire import rise here is in radiosand parts, in which trade we are run-ning a deficit that expanded sharplyin the first 5 months of 1962. How-ever, the U.S. export surplus in majorappliances—refrigerators, home air con-ditioners, washing machines, and tele-vision sets—items in which we findvery minor import competition—hasnot advanced sufficiently over thedecade to offset the deficit in radios.



U.S. Investments—(Con. from p. 24)

States occurred, including nearly $200million offered by European borrowers,of which about half was purchased byU.S. residents, the remainder beingpurchased by European and otherforeign investors. It is noteworthythat the interest cost on new Europeanbonds offered in 1961 and 1962 hasranged from about 5/2-6 percent forgovernment issues to well over 6 percentfor corporate issues, and interest costson Japanese issues have ranged from6)2 percent to over 714 percent. Theseinterest costs compare with a yield ofa little over 5 percent for lower gradedomestic corporate bonds. This gapindicates both the relative attractive-ness of foreign issues for U.S. investorsand the relatively high cost of alterna-tive financing in foreign capital markets.

Foreign equity securities, particu-larly European corporate stocks, havealso attracted substantial amounts ofU.S. capital. In 1961 such purchasesamounted to over $350 million, ofwhich three-quarters went to Europe.This flow diminished quickly in thefirst half of 1962, as stock pricestumbled in all principal markets, butmajor European companies offered largeblocks of stock in the U.S. market inJune and August.

Foreign Investments in the

United States

Although small by comparison with U.S.investments abroad, the flow of foreign capitalto the United States for direct investmentsand purchases of U.S. securities has been ofsome importance, averaging over $0.4 billionannually beginning in 1955.

Foreign direct investments in the UnitedStates accounted for about 35 percent of theseinflows, and undistributed profits of theseenterprises currently amount to over $0.2billion annually. Detailed data on these in-vestments, with a book value of $7.4- billionat the end of 1961, are given in a new Officeof Business Economics publication soon to beissued entitled Foreign Business Investments inthe United States.3

The flow of foreign capital into U.S. corpo-rate stocks has been large but irregular sincethe middle 1950's, with net liquidations tak-ing place at times of market instability in theUnited States such as 1957-58, the last halfof I960, and in June 1962. In 1961, therewere net foreign purchases of U.S. corporatestocks of over $0.3 billion, but the majorfactor in the rise of foreign holdings of U.S.corporate stocks to a value of $11.8 billion atthe end of the year was a market appreciationwhich added over $2.1 billion. Nearly all ofthis market gain was wiped out in the firsthalf of 1962,

(Continued from p. 5)

National Income Rise

Under the stimulus of moderatesecond quarter increase in output,national income moved ahead. Thesecond quarter rise was substantiallylarger than that in the winter quarter.However, this more favorable compari-son, in part, reflected reductions thatoccurred in a number of commodityproducing industries in January asweather conditions early in the yearcurtailed some lines of activity. More-over, a large part of the second quartergain was achieved in the initial monthof the period, with the rise tapering inmore recent months.

The larger volume of employee com-pensation was the main element in theincreased income flow in the pastquarter. Payrolls and other employeebenefits rose $6/£ billion. Corporateprofits appeared to have held fairlyclose to the $50K billion (annual rate)

of the first quarter, but it will be a whileyet before sufficient data are availableto measure the exact change. Otherincome components registered onlysmall advances.

Almost half of the increased wagepayments stemmed from the manufac-turing industries where employee com-pensation currently amounts to morethan $100 billion a year. Withinmanufacturing, largest gains occurredin the durable goods industries, particu-larly in the two machinery groups,fabricated metals and automotiveequipment. The bulk of this rise re-flected employment gains with a longerwork week and higher hourly earningseach contributing lesser amounts. Adampening factor was the continueddecline during the quarter in the outputof primary metals. Among nondurablegoods industries, payroll increases weremore moderate and reflect higher em-plo\aneiit, hours, and earnings inroughly equal proportions.

Table 7.—International Investment Position of the United States, by Area, 1960-61[Millions of dollars]

Type of investment

U.S. assets and investmentsabroad, total

Private investments

Long-term

DirectForeign dollar bondsOther foreign securities 3 _ _ _ .Other

Short-term

U.S. Government credits andclaims . . -

Long-termForeign currencies and short-

term claims

Foreign assets and investmentsin the United States, total 4

Long-term

D irectCorporate stocksCorporate, state and mu-

nicipal bondsOther

Short-term assets and U.S.Government obligations

Private obligations

U.S. Government obliga-tions

Long-termShort-term 4

Total

1960 r

71,497

50, 393

1961 P i

77, 331

55, 5171

45,410 48,927

3l) 778 34 6844.891| 5.3004, 6673,074

4 983

21,104

18, 212

2, 892

44, 670

18,418

6, 910

5, 6153, 328

6, 590

21,814

18. 874

2,940

50,018

21,451

WesternEurope

1960 '

20, 487

11,279

9, 958

6, 681357

1, 7981, 122

1, 321

9,208

8. 458

750

24,044

12, 998

7. 392 4. 707930° 11 808! 67836

6491, 557

26, 252

12 127

14, 125

? 27611,849

1645

1, 606

28, 567

14 114

14, 453

2,78111,672

4491,006

11,046

4 896

6, 150

8035,347

196 IP

21,189

12, 737

Canada

1960 r

17, 274

1961 P

Latin Ameri-can Republics

1960 '

19,229 13,5C-5

17,271 19,224j 11,501

11, 340

7, 655406

2, 0401, 239

1. 397

8,452

7,819

633

28, 252

15, 279

5, 1298,706

4351,009

12, 973

6 418

6, 555

7985, 757

16, 600 18, 040 9, 872

1961 P i

14, 274

11,579

9, 765

11, 198 11, 804 8. 387 ' 8. 1662,523; 2.704| 240 2452."){>7i 3.230J 53

312, 302 1.192

671

3

3

6, 184

3,288

1,9341, 209

5140

2,896

1,984

912

327585

1, 184

5

5

6,784

3, 638

1. 9891, 461

2

1, 629

2, 064

1, 889

175

3,723

1, 153

130728

75186 i 220

3, 146

2 079

1,067

340727

2,570

2,208

362

141221

651,289

1,814

2,695

2, 521

174

4,039

1,353

130927

76220

2,686

2,235

451

333118

Other foreigncountries

1960 ?

12, 740

7, 834

6, 472

5, 094' 747183448

1,362

4,906

2, 949

1,957

4, 843

859

139490

39191

3,984

2,719

1, 265

1141,151

1961 P

15,111

9, 445

7, 251

5, 596

Internationalinstitutionsand unallo-

cated

1960 r

7,431

2,508

2, 508

1961 v

7,528

2,532

2, 531

2 1 418:21 4fi39271 1 024 1 018230 66498

2,194

5, 666

3, 559

2,107

4,844

1,039

144664

40191

3,805

2,974

831

79752

4, 923

4, 916

j

4, 966

120

39

81

4,846

320

4, 526

891

50

I

4,996

4.975

21

5,186

142

50

92

5,044

408

4, 636

1.2313,635 3.405

3 Summary results were published in the Survey of CurrentBusiness for October 1961.

r Revised.f> Preliminary.1. Data for Cuba are omitted in 1961; the 1960 total for U.S. direct investment in Cuba was $956 million (book value).

See notes to table 2 for other adjustments.2. Represents the estimated investment in shipping companies registered in Panama and Liberia.3. Consists primarily of securities payable in foreign currencies, but includes some dollar obligations, including participa-

tion in loan made by the International Bank for Reconstruction and Development.4. Total includes estimated foreign holdings of U.S. currency: 1960, $910 million; 1961, $913 million; not distributed by area.


BUSINESS STATISTICSJ_ HP] STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY

OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for majorquarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and referencesto sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk(*) and a dagger ( f ) , respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthlySURVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonalvariation.

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

Unless otherwise stated, statistics through 1960and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS

1959 | 1960 1961

A n n u a l total

1959

ri in IV

1960

I | II III

Seasonally adjusted f

IV

1961

I

uarterly totals at

II III IV

1962

I II

annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PRODUCT!

National income, totalf bil $

Compensation of employees, total do

Wages and salaries, total doPrivate .. - - doMilitary -- doGovernment civilian do

Supplements to wages and salaries do

Proprietors' income, totald"-_ doBusiness and professionalcf doFarm _ . do

Rental income of persons doCorporate profits and inventory valuation adjust-

ment, total bil $

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

Inventory valuation adjustment do

Net interest - - do

Gross national product, totalf - do

Personal consumption expenditures, total.. do

Durable goods, total 0 ._ _ doAutomobiles and parts doFurniture and household equipment,- -do

Nondurable goods, total © _ „. doClothing and shoes doFood and alcoholic beverages doGasoline and oil.. do

Services, total © doHousehold operation _ doHousing doTransportation do

Gross private domestic in vestmen t, total do

New construction. doResidential nonfarm.- do

Producers' durable equipment doChange in business inventories do

Nonfarm - _ . do

Net exports of goods and services doExports __ __ doImports do

Govt. purchases of goods and services, total. _doFederal (less Government sales) do

National defense 9 doState and local do

By major type of product:*!Final sales, total do

Goods output, total doDurable goods _ _ do -Nondurable goods do

Services doConstruction do

Inventory change, total doDurable goods _ - doNondurable goods do

400 5

278. 5

258 .5913 1

9.935 490 1

46. 535 111.411 9

47 9

47 703 o24 5

16 4

4S9 7

313. 5

43 618 118. 9

147 1

77 711 1

199 g

18 139 610 0

72.7

40 9

22.395 96.66 5

— 899 ()93 (;

97.253. 646.243. 6

476 1944 091 5

152.517r) 856 3

6 (i3 53. 1

415 5

293.7

971 3929 9

9 938 5

99 4

46. 234 9

12 011 9

45 6

45 499 4

?3 09

18 1

503 4

328. 5

44 818 819. 1

151 898 179 511 7

131 919 641 810 7

72.4

40 721.197 (j4.13 7

9 (j

9f} 493 5

99.753. 245. 746. 5

499 4954 i

95 0159.2188 (i

'">( i 7

4 I

1 8 f

4° 7 8

302. 2

9 78 8227 0

10. 241 6

93 4

47.834 813.1I9 3

45 5

45 699 393 3

0

9(3 o

518 7

338.1

43 717 9

19.3

155 9

9 8 681 111 9

139 19() f)43 01 1 1

69. 3

41 621. 0

2.11 9

4 ()97 393 3

107. 457. 049. 050. 4

516 6

94 0103. 390() 7

58 ( \

9 1o

9 1

405 6

279. 8

259 7214 6

9. 935 3

90 0

47.235 511. 711 9

50 5

51.995 9

26 6-1.3

16 2

487 8

313.0

44 419 018.9

147 097 g77 811 1

191 517 939 4

9 7

79. 0

41 123. 596 411.511 5

— 1 799 I

93 g

97. 553. 946. 543.6

476 3"44 3

99 4152.01 73 9

r>8 1

1 1 5S 13 5

400 6

280. 2

959 9''14 4

9 935 7

90 3

46. 035 410. 611 9

46 1

46 599 f;93 9

16 4

489 7

316. 7

44 918 919.2

147 7

77 411 3

J94 018 9

39 910 9

68. 8

41 022. 696 6

1. 11 i

93 %94 3

97. 854. 046.443.8

481 5947 o

93 1153.91 77 6

5(i ( J

j ]9 j) i

3 1

403 9

283. 0

969 59 1C) 5

9.836 1

90 6

45. 935 110.811 9

46 0

45 399 ()93 3

17 0

488 5

318.8

43 116 919.3

148 927 g78 311 3

196 818 840 310 5

73. 2

39 (}21.396 4

7.17 0

o93 893 9

96. 552. 846. 143.7

481 494ri 791 9

153.81S1 3

r)4 I

7 ]9 (',

4 5

413 9

290. 6

968 599 1 6

9 837 1

99 0

45. 234 510 711 9

48 6

49 9

94 394 9— 6

17 6

501 7

323. 9

45 119 019.3

150 098 178 511 5

198 919 9

40 910 0

79.1

40 921. 597 410. 810 6

1 49 5 393 9

97. 259 545.' 444.7

490 89~i 3

94 o157.3I S3 8

10 8s; (j

417 9

294. 6

979 9994 4

9.838 0

46.934 512.411 9

46 9

46 499 (J93 5

17 7

504 8

329. 9

45 819 519. 2

159 698 379 911 6

131 519 641 710 6

73. 5

40 721.293 44.44 i

9 496 594 o

99. 053.145.845. 9

500 49 50 9

96 91 59. 3187 7

r)6 4

1 49 g

1 f i

416 6

295. 8

973 3224 2

9 939 1

29 5

46.334 112 211 9

44 4

43 391 491 9

1 9

18 9

503 7

329. 8

44 518 319. 1

159 598 479 511 7

13° 819 74'J 9

10 6

70.3

40 521.0

2.11 7

9 g96 59'-? Q

100. 853. 645.747.2

501 59 54 9

94 81(H). 11 89 9

56 8

9 11 01 1

414 4

293. 9

971 3291 610 039 7

09 6

46. 533 812 7I9 0

43 3

42 8°1 191 7

5

18 8

503 3

330. 5

44 018 318.7

15° 397 gg() 9

11 9

134 9

9() 0

49 610 7

66.5

40 720. 596 8

-1.11 5

4 9

99 3

101.453.645.847.8

504 49 54 194 °

160.01 UM 1

j -^

3 3

411 8

294.1

271 2290 8

10 040 4

99 9

46.533 712 8I9 0

40 1

39 819 490 3

3

19 1

500 8

330. 5

40 815 418.4

153 59g I

80 311 9

136 9

9() 9

43 110 9

60. 1

39 319.094 4

-3.63 9

5 397 499 9

104. 855. 447.749.4

504 49 51 6

90 9

161.4

56 8

3 6

1 0

4°4 3

300. 2

976 9925 810 041 9

93 9

47.234 519 71° 2

45 0

44 89] ()

99 9

9

19 8

513 1

335. 5

43 516 919. 2

153 99g ()

80 611 7

138 09() ft43 010 9

67.6

41 020. 194 (52.11 8

4 096 499 4

106. 056. 649.049.4

51 1 09 54 4

99 ^161.8

57 5

9 11 3'A d

431 3

304.5

981 0"8 8

10 049 o

93 5

48. 135 113 119 3

46 0

46 399 (}93 7— 3

9() 3

599 3

340. 1

44 o16 919.7

156 9

•)() o81 511 9

139 99() 7

44 1111

72. 4

49 (}21.99 5 84.03 8

9 g9 6 9

106. 956. 548.450.4

518 39 57 8

94 3163. 5

59 9

3 4«

444 0

309. 9

9 86 1932 5

10 849 g

93 8

49 536 013 619 5

51 1

51 495 1°6 3— 3

91 0

538 6

346. 1

46 619 419.8

1 57 9

99 9g9 ]

19 1

149 391 044 811 4

76.6

43 9

22.89 7 46.05 9

3 89 8 3

112. 159. 550. 852. 6

539 6965 098 8

166.3

(M A

.• V9 ^

448 9

315. 2

°89 9935 0

11 243 7

25 2

49 136 9

I9 912 6

50 4

50 194 495 6

3

91 5

545 0

350. 2

46 319119.7

1 59 999 883 7I9 1

144 191 345 911 5

75.9

41 621.297 66.76 6

3 79g 9

115.261.953. 053. 3

r.oo o•)J-0 «)

(jO Q

168.4

•_> c

'-t 1

321.7

295 9240 1

11.244 6

25 8

49. 536 812.812 8

22 0

552 0

354. 9

47 290 319. 3

161 329 884 °19 3

146 321 845 711 5

77.4

44 523. 328 94.03 9

3 799 Q

116.062. 153. 254. 0

0-0 fi

109 6170.0

9 9

T Revised. t He vised series. Estimates of national income and product and personalincome have been revised back to 1959; revisions prior to May 1961 for personal income appearon p. 13 of the July 1962 S U R V E Y . cf Includes inventory valuation adjustment. ©In-

cludes data not shown separately. 9 Government sales are not deducted.data back to 1947, see p. 35 of the July 1962 SURVEY.

*For quarterly

s-1Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-2 SURVEY OF CURRENT BUSINESS August 1002


1959 1 19601 1961

Annual total

1959

III IV

1960

I 11 III IV

1961

I II III IV

1962

' II III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued

NATIONAL INCOME AND PRODUCT— Con.f

Quarterly Data Seasonally Adjusted at Annual RatesGNP in constant (1954) dollars

Gross national product totalf bll $

Personal consumption expenditures total do

Durable goods doNondurable goods .. doServices - - do

Gross private domestic investment, total. ..do

New construction _ _ doProducer^' durable equipment doChange in business inventories _ _ do

Net exports of goods and services do

Government purchases of goods and services, totalbil. $..

Federal doState and local _ do

DISPOSITION OF PERSONAL INCOMEfQuarterly Data Seasonally Adjusted at Annual RatesPersonal income total bil $Le^s" Personal tax and nontax payments doEquals: Disposable personal income do

Personal saving § _ _ , doNEW PLANT AND EQUIPMENT

EXPENDITURESUnadjusted quarterly totals or averages:

All industries bil $

Manufacturing doDurable goods industries doNondurable goods industries .do

Mining . _ .doRailroads doTransportation, other than rail _ do..Public utilities do

Seas. adj. qtrly. totals at annual rates:All industries do

Manufacturing doDurable goods industries doNondurable goods industries do

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

BUSINESS POPULATION

Firms in operation, end of quarter (seasonally ad-justed) _ ..- - _ _ -.thous

U.S. BALANCE OF INTERNATIONALPAYMENTS*

Quarterly Data are Seasonally AdjustedU S payments recorded mil $

Imports:Merchandise _. . ,_ doMilitary expenditures doOther services.. _ do

Remittances and pensions _. doGovt. grants and capital outflows. do

U.S. private capital doDirect investments doLong-term portfolio __ doShort-term do

U S receipts, recorded do

Exports:Merchandise do

Repavrnents on U S Govt loans doForeign capital other than liquid funds do

Excess of recorded receipts or payments ( — ) do

Unrecorded transactions do

Total net receipts (-}-) or payments ( — ) do

Major special transactions do

Total, excluding special transactions. -dor Revised. v Preliminary,i Estimates for Apr. -June 1962 based on antici2 Estimates for July-Sept. 1962 based on antici

Anticipated expenditures for the year 1962 are as :manufacturing, total, 14.74; durable goods industi7.70; mining, 1.06; railroads, .84; transportation, 1.8other, 13.12.

! Unadjusted. Data represent firms in operatic

428. 6

288. 9

41.0138. 7109. 2

61.7

34.421.45.9

-2.1

80.143.936.2

383.946.8

337.1

23.6

8.14

3.021.441.57

.'23

.511.422 79

3 4, 583

29, 548

15, 3103, 1074, 925

7913, 040

2, 3751, 372

926

25, 393

16, 2827, 1941,054

863

-4, 155

412

-3, 743

335

-4,078

pated capated caollows (ies, 7.043; public

n as of J

440.2

298.3

42.2141.4114.7

60.7

34.322.73.7

1.5

79.842.337.4

400.851.4

349.4

20.9

8.92

3.621.801.82

.25

.26

.481.422.89

3 4, 658

31,317

14, 7233, 0485, 417

8423, 405

3, 8821, 694

8501,338

27, 984

19, 4597, 554

630335

-3, 333

-592

-3, 925

-524

-3, 401

pitul exppital exin bil. $)

nondurutilities

an. 1; es

447. 9

304.3

41.6143. 3119.4

57.8

34.821.12.0

1.8

84.044.539.4

416.452.8

363.6

25.6

8.59

3.421.571.85

. 17

.461.382.92

3 4. 713

31, 805

14, 5142, 9475, 462

8784, 051

3, 9531,4751, 0061, 472

29, 946

19,915*, 1511,274

606

-1,859

602

-2, 461

129

-2, 590

enditurcenrl i turc: All incable goo

5.51; co

tim ate fr

427.6

291.0

42. 0139. 3109.8

58.0

34.921.81.3

-2.0

80.644.336.3

385. 546.8

338. 8

22.1

8.32

3.021.441.58

.26

.28

.541.482.74

33. 35

12.255.836.42

1.011.282.175. 58

11.06

4, 655

7,570

3, 976776

1, 259218779

502322246-6

6, 484

4, 2971, 808

159220

-1,086

-37

1,123

-1,123

s of buss of bus.ustries,ds indus-mmercia

>r Jan. 1

431.1

291. 9

40.8139.8111.3

62.0

33.621.86.6

-1.1

78.342.435.9

390. 248.3

341. 9

23.1

8.99

3.571.741.83

.2722

. 551.512.87

33. 58

12.876.166.71

1.04.85

2.155.48

11.19

4,670

7, 541

3, 862754

1, 300196741

688364202122

6,715

4, 1951, 901

430189

-826

230

—596

285

-881

ness,ness.37.16;tries,1 and

1962

440.9

295. 6

42.4140. 6112.6

66.7

34.622.69.6

2

78.442.036.4

395.451.4

344.0

20.1

7.89

3.091.551.54

.22

. 25

.471.182.69

35.15

14.107.156. 95

1.001.002. 005. 75

11.35

4,690

7,549

3, 801771

1,347204768

65832423698

6, 865

4, 6571, 827

170211

-684

-18

702

442.3

299. 7

43.0142.3114.5

61.5

34.223.34.0

1.0

80.042.937.1

401.451.9

349.6

19.7

9.28

3.761.881.88

.27

.29

.551.422.99

36.30

14.707.407.30

1.051.102.155. 70

11.60

4,710

7,690

3. 836758

1. 375205833

683271209203

7,055

4, 8761. 909

147123

-635

-117

-752

80

439.7

299. 1

41.8141.9115.4

58.6

34. 022.71.9

1.5

80.542.737.8

403.151. 4

351.7

22.0

8.98

3.621.801.81

.25

.24

.471.502.90

35. 90

14.657.357.30

1.001.001.905.60

11. 75

4,720

8, 000

3, 664797

1, 368211826

1, 134415170549

7, 002

4, 9401,843

17247

-998

-194

-1,192

437.7

298.8

41.8140.7116.3

55. 8

34.322. 2"'.7

3.3

79.941.838.1

403.750.9

352. 7

22 2

9.53

4.011.952.06

.2425

.461.582.99

35. 50

14.406.857. 55

.901.001.805.70

11.65

4, 730

8,078

3, 422722

1, 327222978

1, 407684235488

7, 062

4, 9861, 975

147-46

-1,016

-263

-1,279

-444

433. 9

298.2

39.0141.5117.7

50.0

33. 020.1

-3.0

3.5

82.242.939.2

405. 451.0

354. 3

23.8

7.57

3. 001.411.59

.21

.17

.411.092.69

33.85

13. 756.507. 25

.95

.701.755. 35

11.30

4,740

7, 690

3. 369770

1, 309221962

1, 059457120482

7, 400

5, 0612, 008

133198

—290

-29

-319

-702 -672 -1,192 -835 -319(based on incomplete data) is 4,752,000.

t See corresponding note on p. S-l (the July 1962 SURVEY.)"

§ Personal saving is excess of disposashown as a component of gross national p

J Revised effective with the June 1available later.

443.9

302.5

41.3142. 3118.8

56.5

34.390 22.0

1.7

83.344.438.9

413.552.5

361.0

25.5

8.61

3.461.581.88

.26

.18

.481.392.85

33.50

13.506.207.30

1.00.70

1.805.50

11.05

4. 750

7,411

3, 417756

1,337221804

876269218389

7, 953

4, 7682, 060

851274

542

366

176

724

-5484 Inclu

*e visions

Die inconroduct o962 Sum

450.4

306.0

41.7144. 4120. 0

60.4

35. 621.33.5

83.344.139.2

419.453. 0

366. 3

26.3

8.65

3.341.501.84

.25

. 16

.471. 502.94

34. 70

13. 656.107.55

1 00.65

1 905.65

11.85

4, 760

8, 082

3,840699

1,388216

1, 094

845429194222

6, 979

4, 9401, 951

817

-1,103

193

-910

-75

-835des charprior to

ae over ]n p. S-l.T EY; rcvi

463. 4

310. 6

44.4144.9121.4

64.1

36.122.7

5.4

1.4

87.246.740.5

427.354.6

372. 6

26.5

9.54

3.881.792.09

.26

.16

.501.543.20

35.40

14.006.407.60

1.00.60

1.955.55

12.35

4,770

8, 622

3,888722

1,428220

1, 191

1, 173320474379

7, 614

5, 1462, 132

209127

-1,008

-400

-1,408

-520

-888ges in n3d qtr.

>ersonal <

sions pr

467.4

313.9

44.1147.0122.8

63.3

34.622.85.9

1.3

88.948.340.6

432.056. 4

375.6

25.4

8.02

3.141.441.69

.26

.16

.471.062.94

35.70

14.206.557.60

1.15. 70

2.055. 15

12.45

4,780

8,389

3,914755

1, 370218

1,075

1, 051331345375

7, 696

5, 0682, 183

165*280

-693

217

-476

470.8

316. 9

44.6148.1124. 1

64.1

36. 723.83.7

. 7

89.248.640.6

439.557. 7

381.8

26.9

19.48

3. 761.791.97

. 26

. 551.343. 30

1 36. 95

14. 707. 057. 65

1.05.95

2. 105. 35

12.85

4,790

2 9. 45

3. 661.751.91

.27

.20

.441 . 523.36

2 37. 70

1 4. 807.107. 70

1 . 05.85

1 . 805. 70

13. 50

-476Dnliquid Govt. liabilities.1959 appear on p. 8 ff. of

•"onsumption expenditures

or to 3d qtr. 1959 will beDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August I!»(i2 SURVEY OF CURRENT BUSINESS S-3


1960 I 1961

Monthlyaverage

1961

June July Aug. Sept. Oct. Nov. Dee.

1962

Jan . Fob. Mar. Apr. May June July p

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCE!

Seasonally adjusted, at annual rates:tTotal personal income bil. $

Wage and salary disbursements, total do

Commodity-producing industries, totaLdoManufacturing only _ do_ _ _

Distributive industries do

Service industries do __Government - do

Other labor income doProprietors' income:

Business and professional doFarm do

Rental income of persons - doDividends do

Transfer payments -- do_ _ _Less personal contributions for social insurance

bil.$_.

Total nona°ricultural income do

FARM INCOME AND MARKETINGS^

Cash receipts from farming, including Governmentpayments totaled mil. $__

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

Dairy products do- --Meat animals doPoultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted.-^

All commodities _. 1947-49=100.-Crops -- --do _ _ .Livestock and products -- do

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

Crops _ _ _ d oLivestock and products do

INDUSTRIAL PRODUCTION %

Federal Reserve Index of Quantity Output

Unadjusted, total index (incl. utilities).. 1957= 100..By industry:

Manufacturing total doDurable manufactures doNondurable manufactures do

Mining doUtilities _ ...do

By market grouping:Final products total do

Consumer goods . -doAutomotive and home goods do _.Apparel and staples _ _ _ do

Equipment including defense do

Materials doDurable goods materials doNondurable materials do

Seas adj total index (incl utilities) doBy industry:

Manufacturing total do

Durable manufactures 9 doPrimary metals do

Iron and steel doFabricated metal products do _ -

Structural metal parts do

Machinery doNonelectrical machinery doElectrical machinery do

Transportation equipment. doMotor vehicles and parts doAircraft and other equipment do

Instruments and related products doClay, glass, and stone products doLumber and products doFurniture and fixtures doMiscellaneous manufactures do

Nondurable manufactures doTextile mill products doApparel products _ _ _ do.--.Leather and products doPaper and products do

1400 8

271.3

110.487.471.8

40.748.411.0

34.212.0

11.914.425. 829.4

9.2

384 7

2,892

2,8341 2591,576

395gg9273

116117116

133131135

108

10810411397

123

111114116114103

106102110

108

108

1049088

106104

106102112

10211589

119110107120113

113109124100112

'416 4

278. 8

110.887.572.9

43 451 811.4

34.813 1

12 315 097 433 4

9.7

399 1

3 061

2,9371 3191 618

409918965

191193119

136131140

P109

p 109P 103P117

P ggp 131

v 112P 116p 112v U7P 104

P 106v 100i> 114

v 109

p 109

P 103P 88P 84

P 105v 103

p 106p 100P H4

p 9 7P 103

p 91

pl!8P108P 105P 120P114

P117p 111P 124P 101p 118

416 4

279. 5

111.588.172.9

43 651 511.4

34.712 8

12 214.927 333 3

9.7

399 5

2 575

2,4549^8

1 496430794947

10189

110

r?o97

138

111

11110611898

113118119117103

109105114

110

111

105i)289

107106

107101116

10111388

119112111121117

117112123104118

2417.5420 1

280. 9

112.188 573.5

43 651 711 4

34.813 1

12 314 827 4

2 35 0

9.7

2 409 6

2 814

2,7431 32?1 421

4097479 50

113]93

104

132137129

106

105100112

95

109112104115102

10399

108

119

112

1079591

108107

110103120

10211491

119114111121117

119114127101117

418 3

280. 7

111.688 173 2

43 959 i11 4

35 113 1

12 314 927 533 0

9.7

401 0

3 056

3, 0251 4141 611

395998979

124139

118

14°140143

111

11110212399

113119

97126102

110103117

113

113

1089899

111110

109102118

10311690

122114109123116

120116130103123

419 7

281.4

111.487 873 4

43 859 711 5

35 213 1

12 415 027 733 1

9.7

409 3

3 491

3,3151 6911 6l>4

389956963

136158119

151109143

113

113106121

99

116191114193105

110104116

111

111

1059993

105105

108102116

959593

121112107123116

119117125100122

493 6

283. 6

113.189 473 6

43 953 011 5

35. 613 5

19 415 39 7 933 5

9.8

405 9

4 849

4,3682 4191 949

4031 °38

9 94

179996

143901943170

116

117110126101

119126196196106

113107v>o113

113

1079690

110108

108102117

10110793

121111103124119

121118130104122

497 8

286. 4

115.091 173 5

44 9

53 711 6

36 113 8

I9 515 493 133 8

9.9

409 5

4 9 58

4,0469 9C)1

l' 755389

1 07098°

166°14199

188931155

115

- l i e

111122101

118122129190108

113107119

114

114

1099690

112107

110103119

10611696

123110105128121

121118130106122

430 5

288. 3

114.991 574 5

44 954 011 6

36 9

13 5

19 515 998 434 0

9.9

419 7

3 344

3, 2451 6911 554

oro9£>q

1331 ^8

114

146i (\'Z133

113

1 1 n116-inn

n K

1 ^ 8

1 16110

111106116

115

115

1109996

1 12106

112104123

10811996

123106107198120

122118131109125

4 i>8 8

287. 4

113.890 874 4

44 954 411 8

36 113 1

1° 615 698 633 9

10.3

411 6

3 944

3,1791 5461 633

41 1953933

131141190

146] 63134

112

119

10911699

114117120117109

110105117

114

114

10810198

110104

111103123

10411493

121102101123117

120117127105123

431 9

290. 2

115.299 075 0

45 155 0I9 0

36 9

19 8

I9 615 898 833 8

10.4

414 8

9 413

2,308850

1 45838301 0

997

9570

107

1060(1

1 1 Q

1151 1/?112120on

117190194119111

1 14108120

115

115

11()105104in105

113105194

10511495

120104114125117

122118129105125

435 °

292. 2

116. 192 875 4

45 355 412 1

36 4I9 9

19 715 99 9 034 5

10.4

418 0

9 531

2,310708

1 609

431904243

9566

118

10567

134

117

114122

no

1 19199

197191113

115110191

116

116

11 9

104103II9

106

116108196

10711796

120105111198121

122199

I9 8101124

438 3

295. 3

118.294 475 8

45 655 6V> 2

36 612 8

I9 715 89q 934 °

10.5

421 9

2 948

2, 153fii ^

1 538

00

1 ^*}

117

122

1 9f>

112

1 13100

113109

118111128

11019495

122109112131126

* 122121129105123

439 7

296. 0

118.294 576 1

45 955 8I9 3

36 819 8

19 815 89() 4

34 9

10.5

499 6

9 365

2, 342667

1 675441OdO9 51

9669

193

110

1 50

117

1 14* 123r i()i

119T 191

19S119114

T \ [ ( \

I'M

1 18

118

1149184

T 1 161 12

r 1 [1)

1131°8

113r 198

97

124116

r 112134

r 129

r 124122

r 129106

«• 125

r 44() 7

r 296. 9

'118.1r 94 5r 76 2

r 46 556 012 4

36 812 8

12 815 829 6

r 34 i

10.5

r 423 5

2,407S73

1 534418854237

9981

113

11489

139

r 119

119114125

r 103

I'M12419819S

r 1 ] (;

1 16

r 199

1 18

1 18

1148678

r H9

1 15

r 199

115r 131

109T 122

r 96

r 127M.18

114136

r 129

124124131

123

442 0

297. 8

118.394 376 3

46 856 312 4

36 912 8

12 815 H29 834 2

10. 5

424 8

113

1 1311011896

1171 191 1 91191 1 5

1 101051 1 5

1 1()

1 19

1 1586

1 191 15

129115139

11312899

128118

133129

125

r Revised. p Preliminary.1 The total and components are annual totals.2 Italicized total excludes special Government life insurance dividend payments to vet-

erans; total disbursements of $218 million multiplied by 12 (to put on annual rate basis)amounted to $2.6 billion. Figures for transfer payments and total nonagricultural income

reflecting similar exclusion are as follows: $32.4 billion arid $400.0 billion. fSee corre-sponding note on p. S-l. cf Revised beginning 1959; revisions prior to May 1961 will beshown later. 9 Includes data not shown separately. JData for 1960 have been revisedto incorporate more recent information; revisions prior to Aug. 1960 will be shown later.




1960 1961

Monthlyaverage

1961

June July Aug. Sept. Oct. Nov. Dec.

1962

Jan. Feb. Mar. Apr. May June July P

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION J— ContinuedFederal Reserve Index cf Quantity Output— Con.

Seasonally adjusted indexes— ContinuedBy industry— Continued

Nondurable manufactures— ContinuedPrinting imd publishing 1957=100

Newspapers _ _ d o . _Chemicals and products do

Industrial chemicals _ do__Pe^roleum products do

Rubber and plastics products doFood-s and beverages do .

Food manufactures doBeverages ._ _ _ do _ .

Tobacco products.. do

Minino- _doCoal doCrude oil nnd natural gas _ do_

Crude oil doMetal mining do _Stone and earth minerals do

Utilities - - _ d o _ __Electric doGas - do ._

By market grouping:Final products total do

Consumer coods _ doAutomotive and home goods do

Automotive products _ _ d o _Autos - _ _ do _-Auto parts and allied products_._do _ _ _

Home goods 9 do _Appliances, TV, and radios _doFurniture and ru<rs . _ _ do_-

Apparel and staples _ _ _ doApparel, incl. knit goods and sh.oes.doConsumer staples do

Processed foods ..do

Beverages and tobacco doDrugs, soap, and toiletries. doNewspapers, maga/ines, books... .doConsumer fuel and lighting do. ...

Equipment including defense 9 doBusiness equipment do ..

Industrial equipment do _ _Commercial equipment - do __Freight and passenger equipment. .doFarm equipment - - _.do

Materials doDurable sroods materials 9 - --do_ __

Consumer durable _ _ _ _ d o _.Equipment _ do _ _Construction do _.

Nondurable materials 9 -- - - doBusiness supplies do

Containers ___ _ _ do __General business supplies . do. __

Business fuel and power do __Mineral fuels doNonresidential utilities _ _ _ _ --do _ -

BUSINESS SALES AND INVENTORIES §

Mfg. and trade sales (seas, adj.), totaled bi l .$ ._

Manufacturing, total doDurable goods industries doNondurable goods industries do

Wholesale trade totaled doDurable goods establishments doNondurable goods establishments do

Retail trade totalcf - doDurable goods stores _ _ _ _ doNondurable goods stores do

Mfg. and trade inventories, book value, end of yearor month (seas adj ), total f _ _ _ bil.$_

Manufacturing, total do _Durable goods industries _ _ doNondurable p^oods industries do

Wholesale trade totalcf -.doDurable goods establishments _ _ do .Nondurable goods establishments do

Retail trade total f doDurable TOods stores _ _ - doNondurable sroods stores ___ _ _ . do _

111107121127108

114109109108114

97839898

112

123123123

111114110

117117117

115112118

114117113109

1101181131 !9

10310510211810192

IOC)102109101107

110110109111

10397

121

161.04

30. 4114.681 5. 73

12.334.447.89

18.295. 89

12.40

94. 13

53. 7430. 8622.88

13.216.816. 40

27. 1812.3314. 85

v 113v 106P 128p 137P 110

p 115P 113P 113P 1 1 2P 118

p9SP 80

* 100P 100

P 97P 112

P 131p 131p 129

p l !2pl!6P 112

P106P 97

P 121

pl!7p 1 13p 119

P 117P 118p 117P 113

p 114p 123p 117p 126

P104p 105P 100p 124

P99p 98

P 106P 100P 100P 102P 106

M14P 113P 1 15P 111

P 105P 98

P 127

i 61. 52

30. 7314. 5416. 18

12. 564.288.27

18.235. 61

12. 63

95. 54

55. 2031. 4723 72

13. 486. 896. 60

26. 8611.5215. 34

113106129138111

121113113112116

9877

101101

89116

1311321 29

113118118

113109120

122123122

118118118114

113124117125

10210499

12395

106

109104109101110

114113115112

10698

128

61.82

30. 8514.6716.18

12. 784.388.41

18.195. 58

12. 61

93. 09

53. 3630.2023.16

13. 506.726. 79

26. 2211.3714.85

114107132141116

123114114117110

9877

101101

90118

132132131

114120120

115110125

124127119

119122119114

115126119128

104105101125

9698

110104109104111

115114116114

10698

128

61. 63

31.1114.7816. 33

12. 504.288.23

18.025. 50

12. 52

93.46

53. 5530.3723.18

13. 586. 826. 76

26. 3411.4614.88

114107132142115

123114114115119

9981

10210390

114

135135132

115120118

117110126

120116122

120124119114

116126117130

105106102127

OS

111106115105112

117110121113

108100130

62. 36

31.3815. 0416.34

12. 804.368.44

18.175. 46

12.71

93.62

54. 0330. 8023. 23

13. 606.836.77

25. 9811.0114. 97

114107132143110

120114114114116

9782999994

113

135136133

113116110

9682

118

121119126

us118119114

115121119127

10610710112810597

10910499

102110

115113118111

10697

132

61. 57

31.361 4. 9516.40

12.084. 177.91

18. 135. 61

12. 52

94.26

54. 4431.1023.34

13. 486.826. 66

26. 3411.2615.09

114107133146114

124116116116123

10084

10110199

115

135137132

115119116

110102123

120116124

120121120115

118127118129

10710810212910687

111105101107108

117114116112

108100132

63. 20

31.75

16. 48

12.874.358 52

18 585. 86

12.72

94.62

54. 7831.4023.38

13. 446. 806. 63

26. 4011.25

1 15.14

115108134147113

124116116116123

10186

102100106111

135135133

117121122

121117127

122117128

120121120115

118127118129

10911010413111195

111105106108107

118116119115

108100131

64.40

32.1815. 6216.56

13.124.468. 66

19. 106.19

12.91

95.12

55. 0331. 5323.50

13.346.806.54

26. 7511.4415.32

114108136147108

129114115110120

10186

103100112104

135135134

118122128

129

132

127122129

120123119114

113130116129

1101101 0613210694

112106112108105

119118122115

108100131

63. 94

32. 4015.6616. 74

12 724. 408.32

18.835.92

12.91

95.54

55. 2031. 4723.72

13. 486.896. 60

26. 8611.5215.34

114109134146112

119115116115114

9986

10199

11296

137137

116121121

119114126

123120124

120119120114

115126119132

10810810413110191

111105112108100

117115122112

10799

132

63. 96

32. 0415. 5016.54

13. 084.558.53

18.845.92

12.92

96. 17

55.7331.8823.84

13. 586.866.73

26.8611.5215. 34

115108137150110

124115116112116

9983

101100112100

137137

117120120

116109126

124122124

120121120114

113128118132

110110106133103100

113107111110106

119117121114

10899

132

' 64. 55

32.8515. 9516.89

12.734.538.20

' 18. 975.98

12.99

96.70

56. 1832.1923.99

13.626.836.79

26.9011.4815.42

115107135148112

124117117115122

9984

101100112102

138137

118122122

116110125

127126126

122124121115

118127118132

111112106135107105

114109115112107

119117124113

10899

133

' 65. 26

33.2216. 3316. 89

12.764.478.29

19.276.18

13.09

97.05

56.5732. 4124. 16

13. 706.876.84

26. 7811. 3815.40

115107137150111

128116117111122

10186

103102104111

137136

119123127

124119131

130129131

121124121116

115128118132

112113107138105110

115111120116111

119116117115

109101133

' 66. 14

33.4816.4017. 08

13. 064.598.48

r 19. 606.33

' 13. 26

97.26

56.6932. 4724.22

13.706.886.82

26.8711.4315.44

I1 6108140152

r H5

134116117112120

100T 85

T IQl

r 101T 101

' 119

140DO

r 190124

r 19q

127126129

131r 127

134

1°2124

r 121r H(5

115130119133

r H3

115109140107114

115r 11 1r 198r 115

115

120r H7

117118

r 109T 99137

r 66. 32

33.50' 16. 40r 17. 10

r 13. 38'4.60'8.78

T 19. 43'6.17

r 13. 26

r 97 52

T 56. 81- 32. 58r 24. 23

r 13. 78'6.95'6.83

r 26. 94' 11.42' 15. 52

r 117108141

r 119

114115

r 100r m10310395

119

141

124127

120H5126

133199134

123125

r 122

115

134122

1 14T 117

110143110117

115109191114115

12°118119118

r HOr inn

65.33

33.0415. 9217.12

13. 194 548.65

19. 106.02

13.08

97.82

56.9132.5324.38

13.886.986 91

27.0311.4515. 58

118

1 1Q

1O4

1 41

125-IOA

1 9Q1 97

-190

1 10

l'^3

1H9

r Revised. p Preliminary. 1 Total and components are based on unadjusted data.I See corresponding note on p. S-3.9 Includes data not shown separately.

§ The term "business" here includes only manufacturing and trade. Business inventoriesas shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusteddata for manufacturing are shown on p. S-5; those for retail and wholesale trade on pp. S-lland S-12. d" See note marked "f" on p. S-ll.

t Revised series. See note marked "J" on p. S-ll.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1(.)02 SURVEY OF CURRENT BUSINESS S-5


1960 1961

Monthlyaverage

1961

June July Aug. Sept. Oct. Nov. Doc.

1962

Jan. Feb. Mar. Apr. May June July


BUSINESS SALES AND INVENTORIES-Con.

Inventory-sales ratios:*Manufacturing and trade total ratio

Manufacturing total doDurable goods industries do

Purchased materials doGoods in process doFinished goods do

Nondurable goods industries doPurchased materials doGoods in process doFinished goods do

Wholesale trade total doDurable goodc establishments doNondurable goods establishments do

Retail trade total doDurable good1- stores doNondurable goods stores do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Sales, value (unadjusted), total bil. $ _

Durable goods industries, total 9 _. _ ._doPrimary metal _ _ _ ._ _ do _

Iron and steel loFabricated metal - lo

Machinery _ _ - do_Electrical loNonelectrical lo

Industrial _ _ _ _ _ __ l o__ .

Transportation equipment doMotor vehicles and parts do

Lumber and furniture _. __ _ __ _ .do -Stone, clay, and glass do

Nondurable goods industries, total 9 do

Food and beverage doTobacco _ do _Textile doPaper. _ doChemical doPetroleum and coal _ _ _ __ _ doRubber ._ .do .

Sales value (seas adj ) total do

Durable goods industries total 9 doPrimary metal do

Iron and steel doFabricated metal do

Machinery doElectrical doNonelectrical do

Industrial do


Lumber and furniture doStone, clay and glass do

Nondurable goods industries, total 9 do

Food and beverage doTobacco doTextile doPaper doChemical doPetroleum and coal doRubber do

Inventories, end of year or month:Book value (unadjusted), total __ . do

Durable goods industries, total 9 doPrimary metal do

Iron and steel doFabricated metal - do

Machinery . _ _ _ _ doElectrical _ _ doNonelectrical . do

Industrial do

Transportation equipment do. _Motor vehicles and parts do

Lumber and furniture doStone, clay, and glass.. do

By stages of fabrication:Purchased materials ... _. doGoods in process doFinished goods do

30.41

14. 682.151.341.07

4. 721.952. 771.16

3.452.16.86.73

15.73

4.70.40

1.211.062.313.18.51

2 53. 90

30. 814. 692.812.98

10.273.946.332.48

6.973.141.831.43

8.2012.0510.56

30.73

14. 542. 061. 251.68

4.872. 002.871. 25

3.241.94.82.76

16. 18

4.80.42

1.221.132.493.21.50

2 55. 19

31.234.913.053. 00

10. 313.966.352.46

6.933.221.841.46

8.1312. 5610. 54

1.51

1.732.06.52.82.72

1.4355

.20

.68

1.061.54.81

1.442.041.18

32.22

1 5. 752.271.401.83

5. 152.053.111.35

3.612.22.90.84

16.47

4.88.45

1.311.192.603.24

.54

30. 85

14. 672.071.261.72

4.811.952.861.25

3.412.14

.84

.74

16.18

4.70.41

1.271.142. 513.22

.50

53. 59

30. 494.442. 663.10

10.374. 066.312.44

6.572.801.821.45

7.6512.0010. 85

1.52

1.722.05

.52

.82

.72

1.42. 55.20.67

1.091.60.82

L.462.091.19

28.47

13. 161.861.151.64

4.311.692.621. 12

2.851.69.79.74

15.30

4.66.43

1.061.032.283 15

.46

31.11

14. 782. 201.361.70

4.851.952.911.27

3.322.09.89.76

16.33

4.80.43

1.241.122. 503.29

.47

53. 23

30. 254.522.733.07

10.203.996.212.42

6. 462.701.821.45

7.7811 8910.58

1.50

1.722.05.51.82.71

1.4255

.20

.67

1.061.57

. 801.432.021.18

32.01

14.682.201.392.02

4.902.032.871.27

2. 501.26.99.91

17.32

4.92. 46

1.351.222. 653. 33

.52

31.38

15.042.221 . 391.74

4. 962.022.941.28

3.362 06.88.79

16.34

4.72.43

1 231.132. 573.22

.52

53.62

30. 594.552.763.05

10.133.986. 152.41

6.873.081.831.43

7.8912 2610.44

1.53

1.742.08.53.83.72

1.4255

.20

.67

1.121 64.84

1.452.011.20

32.01

1 5. 092.181.351.88

5.032.112.921.28

3.071.72.90.83

16.92

5. 00.42

1.331.172.673.13

.50

31.36

14.952.211.361.70

4.942.002.941.29

3.342.00.83.79

16.40

4.84.42

1 271. 142 533.21

.52

53. 76

30. 654.622 823.03

10.083 966.122 42

6.923. 161.841.43

8.0112 3810.26

1.50

1.732.06

.53

.82

.70

1.4254

.20

.68

1.041. 56.78

1.421.921.19

33. 42

15.972.261 . 381.89

5. 222.242.981.37

3. 542. 25.92.89

17.45

5. 16.44

1.381.212.753.24

.56

31.75

15.272.161.311.75

5.042.043.001 36

3.532.23.84.81

16.48

4.8344

1 251. 142 633.28.51

54.23

30.864.742.922.98

10. 153.976.182 44

7.013.221.821.41

8.0912 5010.27

1.48

1.712.02.52.81.69

1.4254

.20

.67

1.021.52.76

1.401.851.19

32.18

15. 662.171.301.72

5.032.192.841.34

3.842.50

.87

.80

16.53

4.89.45

1.321.162. 553.16

.50

32.18

15 622. 191 311.80

5. 1 12 103. 001 34

3 622 29

88.83

16 56

4 8443

1 971 192 653 17

54

54. 59

30 994 829 999 97

10 923 986 949 44

6.993.191.811.42

8.1112 5210.36

1.49

1.702.01.52.81.69

1.4254

.20

.67

1.061 57. 79

1.431.951. 19

31.21

15. 352. 181.351.62

5.142.212.931.37

3.822.43

.76

.68

15. 86

4.70.40

1.251.112.393.31

.49

32.40

15. 662.271.401.80

5. 132. 103.021 35

3 552.22

87.80

16.74

4.9440

1 341 222 663. 15

. 53

55. 19

31.234.913 053.00

10.313 966.352 46

6.933.221.841.46

8 1312 5610.54

1. 50

1. 742.06.54.82.70

1.4456

.20

.68

1.041 51.79

1.431 951.19

31.43

15. 092.331.471.64

4.842.042.801.22

3.732.35. 77.68

16.34

4.73.41

1.291. 172.633.38.53

32. 04

15. 502.271 421.80

5. 102. 132.971 30

3.482.02.85.80

16.54

4.8643

1 331. 192 663. 19.52

55. 98

31.844.913 023.12

10.464.026.442 49

7.143.361.861.49

8 2512 7310.86

1.50

1.712.02

. 53

.81

.68

1.4255

.20

.66

1.061 51.83

1.421 921. 19

30.62

14.862.261.421.56

4.952.052.901.25

3.552.18.78.65

15. 76

4.58.37

1.311.122.503.00

.49

32 85

15 952.411 521.83

5. 222 183 041 39

3 602.16

8880

16.89

4 9543

1 371 212 753.17

56

56. 51

32.334 902 993.22

10.674 106 562 52

7.243 441.841.52

8 3112 9511.06

1.49

1 701.99

52.79.67

1 4356

.20

.67

1 071 53

821 391 841 18

34. 56

17.062.611.681.86

5.649 97

3.371.47

4.039 50.88.76

17.50

5.02.41

1.401.272.843.27. 57

33 22

16 332 461 601 89

5 302 213 091 37

3 7R2.33

88. 78

16.89

4 9242

1 371 222 723. 18

56

56. 87

32. 704 879 92

3.32

10. 884 226.662 60

7.253.451.841.54

8 4213 0611.23

1 47

1 691.98

52.79.67

1 4256

.20

.66

1.051 50.80

1.37r 1 81

1. 16

33.17

16.412.371.471.80

5.372. 123. 251.36

3.942.47.88.79

16.76

4.84.41

1.341. 182.833.06

.56

33 48

16 402 371 491 84

5 322 223 091 33

3 922 43

8980

17 08

5 0744

1 411 199 723 16

54

57. 00

32 824 802 863 38

10 974 296 682 61

7.273 461 821. 55

8 4313 0511.33

1 47

r 1 701.99

5379

.67

r \ 42r 55

20.66

1 03r I 5|

78r 1 39

1 851 17

34.67r 17. 24'2. 31r 1. 38'2.01

r 5. 612.20

' 3. 401.44

'4 .23'2.70

.94

.87r 17. 43

' 5. 15.46

' 1.371.22

'3.00'3.19' .59

33 50

r ifi 402 191 33

T 1 92

5 42r 2 25r 3 17

1 37

' 3 96r 2 50

r go79

r 17 10

r 5 0044

r i 39r I 18r 2 77r 3 20

T 56

r 57. 14r 32. 96

4 782 84

' 3 41r 11 10

r 4 396 722 64

T 7 24T 3 41

1 83r 1.55

r g 50r 13 07'11.39

1 50

1 722 04

5482

.69

1 425521

.66

1 051 54

801 421 901 19

34.06

16. 862.151.242.02

5.612.263.351.44

3.982.42.95.90

17.20

5. 17.44

1.421.232.833.11

.60

33 04

' 15 922 011 161 88

5 312 203 101 33

3 812 34

8981

17 12

5 1041

1 391 902 753 15

56

57. 08

32 834 789 853 40

11 074 436 652 60

7 143 371 841.54

8 5912 991L25

' Revised. 1 Advance estimate. 2 Total and components are end-of-year data.*Stock-sales ratios are based on the seasonally adjusted sales and inventories series

presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividingend-of-month inventory book values by total sales during the month. Data back to 1955

for the manufacturing and wholesale trade segments appear on p. 20 of the June 1961 SURVEY;data prior to 1961 (recently revised) for total manufacturing and trade and for retail tradeare available upon request.

9 Includes data not shown separately.


8-6 SURVEY OF CUKRENT BUSINESS August 1002


1960 1961

End ofyear

1961

June 1 Julyi

Aug. Sept. Oct. Nov. Dee.

1962

Jan. Feb. Mar. Apr. May- June July


MANUFACTURERS' SALES,INVENTORIES,AND ORDERS— Continued

Inventories, end of year or month — ContinuedBook value (unadjusted)— Continued

Nondurable goods industries, tota!9--.bil. $._

Food and beverage doTobacco doTextile _._ _doPaper doChemical doPetroleum and coal doRubber do

By stages of fabrication:Purchased materials doGoods in process doFinished goods do

Book value (seasonallv adjusted), total _.do_ ..

Durable goods industries total 9 doPrimar^7 metal do

Iron and steel doFabricated metal ._ do._ -

M^achinerv doElectrical doNonelectrical _ _ _. _ __do

Industrial do


Lumber and furniture doStone clav and glass do

By stages of fabrication:Purchased materials doOoods in process doFinished o:oods _ do

Nondurable <roods industries total 9 do

Food and beverage - doTobacco doTextile doPaper doChemical do.. -Petroleum and coal doRubber do

By stages of fabrication:Purchased materials doGoods in process doFinished goods do

New orders net (unadjusted) total do

Durable goods industries, total 9 doPrimary rnetal do


Machinery doElectrical doNonelectrical do

Industrial doTransportation equipment do

Nondurable goods industries, total. doIndustries with unfilled orders© doIndustries without unfilled orders! do

New orders, net (seas, adjusted), total do

Durable goods industries, total 9 doPrimary metal do


Electrical doNonelectrical do

Industrial doTransportation equipment do

Nondurable goods industries total do_. -Industries with unfilled orders© doIndustries without unfilled orders! do

Unfilled orders, end of year or month (unadjusted),total bil. $.

Durable goods industries, total 9 do..-Primary metal.-- do._-

Iron and steel do.-_Fabricated metal __do . -_

M^achinery doElectrical do-_-Nonelectrical do.._

Industrial do..-

dor Revised. * Total and components are morj9 Includes data not shown separately.©Includes textiles, leather, paper, and print

orders for other nondurable goods industries are ze

23. 09

5.182.082.631.634.193.321.14

8.993.00

11.10

53.74

30.864.502.623.12

10.404.026.382.51

6.853.011.841.44

8.0512.0610.76

22.88

4.982.032.671.634.133.311.12

8.753.08

11.051 29. 90

14.241.871.091.62

4.701.972.721.163.38

15. 663.38

12.28

45.37

42.853.412.282.73

17.4810. 217.283.38

14.93

2.52

thly avc

ing andro.

23. 96

5. 442.282. 681. C.84. 353.431.13

9.383.27

11.31

55.20

31.474.782.893.16

10. 464.036. 422.49

6.873.121.861.47

8.0912. 6410. 74

23.72

5.242.172.741.684.283.421.13

9. Of)3.37

11.29

1 30. 96

14.742.181. 351.70

4.922.002. 921.263.22

16. 233. 53

12. 70

48. 2f

45. 124. 7(3.482.98

18. 1(10. 297. 8(3.53

14.641 3. 08

rages,

publish

23.10

4.841.882.821.684.203. 361.12

8.793.30

11.01

53.36

30. 204.602.842. 92

10.143.926.222.40

6.642.911.801.43

7.6012.0310.57

23.16

5.051.962.751.674.243.371.13

8.973.25

10.94

32.36

15.902.201.351.89

5. 252.083.171.393.52

16.403. 63

12.84

31.05

14.902. 201 . 351.82

4.751.782.981.303.34

16.153. 52

12.63

45. 95

42. 793.882.722. 85

17.3410. 067.283.40

14.04

3.162 Advai

ng indu

22.97

4. 901.802. 791.664. 193.411.10

8.723.33

10. 92

53.55

30.374. 662.892.95

10. 173. 956. 222.41

6. 642.881.801.45

7.7012.0710. 60

23. 18

5.091.962.751.664.253.381.13

8.963.31

10. 91

29.34

14.041.971.201.72

4.551.812.741.143.21

15.313.15

12. 16

31.28

1 5. 022.331.471.75

4.871.912. Qf.1.243. 45

16. 273. 49

12.78

46. 82

43. 663.992 772. 93

17. 5810. 187.413.42

14.40

3.16

ice estin

stries; u

23.03

5. 121.872.711.664. 163. 431.09

8.643.30

11.08

54. 03

30. 804. 632.853.02

10. 193.986. 202.40

6. 953. 141.811.48

7. 7412. 3110. 75

23.23

5.122. 002.741.684. 243.381.13

8.943.31

10. 97

32. 42

15.122. 351.481.99

4.912.002 911.282.85

1 7. 303.74

13. 56

32.10

15. 632.411.521.82

5. 042.102. 931.283.61

16. 463. 64

12.82

47.24

44.104.142.872. 90

17.5^10.157.443.43

14. 75

3.13

late,

nfilled

23.11

5.231.992. 651. 644. 103.491.10

8 693.28

11.14

54. 44

31. 104. 672.853.12

10. 233.996. 242.43

6.973.191.851.49

7. 9612. 4010. 74

23.34

5.152.052.741.704.203.421. 12

8 973.29

11.07

32.18

15.282. 131.291.92

5.382.363.021.292.97

16.903.69

13.21

32.20

15.742.311.461.78

5.382.313.081.293. 49

16.473.64

12.82

47.40

44.304.092.812.95

17. 9510.407. 543.44

14. 65

3.11

1rubb

23.37

5.392.072.611.654.163.501.10

8.853.28

11.25

54. 78

31.404.732.863.14

10.364.066.302.47

7.013.181.861.49

8.0712. 5910.74

23.38

5.152.062.741.704.203.391.13

8.903.34

11.14

33. 56

16. 13

L361.87

5. 382.233.151.403. 57

17.433.81

13. 62

32. 63

16. 072.321.451. 75

5.422. 203.221.383. 62

16.563.63

12.94

47.54

44.464.062.792.93

18.1010.407.713.48

14.68

3.09

For theser) sales

23. 60

5. 462.112. 64I . f i 64. 233. 461.11

9.033. 30

11.26

55. 03

31. 534.742.863. 15

10. 424.076.342.47

7.043.171.851.48

8.0812.7010. 76

23.50

5.192. 122.751.704.213.371.12

8.963.37

11.17

32.44

15.862.361.521.71

5. 112.182. 931.403.80

16. 583.74

12. 85

32. 70

16.102. 331.4S1 . 85

5.462.333. 131.423.53

16. 603.67

12. 92

47.80

44.664 253.012.93

18. 1810. 387. 793.54

14. 64

3.14

e indusare consi

23. 96

5.442.282. 681. 684.353. 431. 13

9.383. 27

11.31

55. 20

31. 474. 782.893.16

10. 464. 036. 422.49

6. 873. 121.861.47

8.0912. 6410.74

23.72

5.242.172.741. 684.283.421.13

9. 063.37

11.29

31. 61

15.812.691.821.68

5. 062.122.941.363.82

15. 793.47

12.32

32. 85

16. 242.821.941.84

5. 142.083. 061.423. 32

16. 613. 66

12. 95

48. 20

45. 124.763.482.98

18. 1(10. 297.803.53

14. 64

3.08

ries (foodered eq

24.14

5.402.342.781.704. 353.311.16

9.513. 36

11.26

55. 73

31.884.842.943.23

10. 564.126.442.52

7.003.241. 861.48

8.3212.6410. 93

23.84

5.272.182.781.704.293.361.14

9.263.38

11.20

32.20

15. 893.012.041.75

5. 012.032.981.383.47

16.313.53

12.78

32.94

16.432.841.861.93

5. 372. 293, 091.423.40

16. 513.63

12. 88

48. 97

45. 925. 454.043. 10

18.2710.297.983.69

14.38

3.05

d, beverlal to ne^

24.18

5.272.312.831.734.413.301.19

9.533.39

11.26

56.18

32.194. 892.983.25

10. 654.146.512. 53

7.123. 321.841.48

8.4012. 8910. 90

23.99

5.262.192.781.714.313.391.17

9.353.40

11.24

31.13

15. 332. 381.491.64

5.142. 073.081.363.48

15. 813.58

12.23

33.08

16. 192.331.451.83

5. 35•2. 233.121.383. 70

16.893.75

13.14

49. 46

46. 375. 574.113.18

18.4710.318.163. 80

14. 30

3. 09

ages, totkV orders.

24.17

5. 182.272 891.754.443.311.21

9.603.41

11.16

56. 57

32.414.912.983.27

10. 764.216. 552.58

7.143.391.841.49

8. 5512.9710. 89

24. 16

5.312.192. 811.734.363.411.18

9. 453.43

11.28

34. 30

16.742.361.441.86

5.712. 233.481.513. 90

17.573. 99

13.58

32.95

16. 002.211.341.88

5.272. 133.141.383.79

16.953.82

13.12

49. 20

46. 045. 323.873.17

18.531 10. 27

8. 263. 84

1 4. 16

i 3. 16

:>acco, ai

24.19

5. 152.202.911.764.413.351.21

9. 553.44

11.20

56. 69

32.474.862.933.29

10. 814.246. 572. 58

7.223.491.821.49

8.5912.9410. 95

24.22

5.322. 172.801.734.373.441.18

9.493.43

11.30

' 32. 45

' 15. 711.69. 74

1.80

5.312.153.161. 30

r 3. 99

16. 743.74

13. 01

' 32. 73

' 15. 731. 75.79

1.84

5.252.243. 011. 30

'4 .00

17. 003.75

13. 25

' 48. 48

' 45. 344.643.143.17

18.4710. 308.163.78

' 14. 21

I 3. 14

Dparel, p

' 24. 18

' 5. 10'2.14' 2. 96

1.77'4.33

3.37' 1.20

'9 .42' 3. 51

'11.26

' 56. 81

' 32. 58'4.85'2.92'3.26

' 10. 85'4 .25' 6. 59

2. 60

' 7.293.501.84

' 1. 50

'8.62' 13. 00' 10. 96

' 24. 23

' 5.342.18

'2.841.74

'4.363.40

'1.18

'9.47' 3. 44' 11.32

' 33. 99

' 16. 48' 1.98

1.06' 1.95

' 5. 36' 2. 12'3.23

' '1.341 ' 4 .02

! ' 17. 51! ' 3. 92; ' 13. 59' 33. 07

! '15.971.83. 95

i '1.88

i '5.28

'3^11' 1.32'3.96

' 17. 10' 3. 80

' 13. 29

' 47. 81

44.594.302.82

'3.12

' 18. 21' 10. 22' 7.99'3.69

' 14. 00

'3.22

etroleurc

24.26

5.112. 062.941.784.333.431.19

9. 333.58

11.35

56. 91

32. 534.842.923.22

10. 864.306. 562. 58

7.283. 531.831.52

8.6013. 0110. 92

24.38

5. 392.182.861.764.363.451. 18

9.473.51

11. 39

33.58

16.451.82

.971.96

5.522. 203.311.473.95

17. 133.80

13.33

32. 36

15.331.76.91

1.85

5. 051. 943.111.383.74

17.033.73

13. 30

47.34

' 44. 183.972. 553.06

18.1210.177.963.72

13.98

i 3. 16

, chemicals, and


August 1962 SURVEY OF CURRENT BUSINESS S-7


1960 1961

Monthlyaverage

1961


1962



BUSINESS INCORPORATIONS^

New incorporations (50 States):©Unadjusted numbcr_-Sea^onally adjusted* do

INDUSTRIAL AND COMMERCIALFAILURES^

Failures total lumber

Commercial service _ do_ _ .Construction doManufacturing and mining _ _ .do_.Retail trade doWholesale trade do

T labilities (current) total thous. $

Commercial service doConstruction doManufacturing: and mining doRetail trade doWholesale trade - do_ --

Failure annual rate (seasonally adjusted)No. per 10,000 concerns- -

15, 226

1,287

114217218615123

78. 219

8, 28116, 78124, 13620,0918, 930

' 57.0

15, 128

1,423

123229235691144

90, 844

6, 69416,08427, 10727, 75413,205

164.4

16,41815 342

1,403

123222218696144

83 828

8, 76212, 50026, 59027, 1928,784

60.7

14, 48315 539

1 275

111196223633112

69 168

3, 9461 3. 78614, 88127. 304

9, 251

62. 5

15, 07915 213

1 604

129262260789164

102 693

6 35827, 71626, 17529, 38413,060

74.4

13, 61615 419

1 285

139183182614167

116 664

10,95010,04866, 73717,92711,002

67. 5

15, 49216 286

1 446

118221217731159

70 257

3 48514, 58317,93021 52412, 735

69.5

14, 04516 149

1 335

122206258624125

119 214

5 07018. 88335, 23723 49436. 530

63.8

14. 80215 818

1 278

104215232606121

65 489

3 45316, 74319, 72318 3617 209

63. 6

18, 34315 194

1 447

114231213749140

106 609

8 85819,01739, 07128 88610 777

62. 9

14, 36515 809

1 353

110251216625151

90 499

5 13426, 49525, 02324 6119' 236

61.1

17, 19615 713

1 490

143276228701142

80 878

9 99815,61222, 42125 044

7' 803

59. 4

15, 65315 402

1 504

119273200767145

121 831

5 44024, 58649, 67731 69110 437

65.0

16. 40815 260

1 378

102237229664146

91 512

8 27015,79829, 65927 56910 9if)

58. 7

15,23414 904

1 281

113194237606131

88 493

5 44513, 62732, 82127 0659 535

57.3

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

Prices received, all farm products! 1910-14=100--

Crops _-do.Commercial vegetables __ __ doCotton _ -.do, -Feed grains and hay doFood grains do

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

Livestock and products doDairy products _ _ __ .-doMeat animals doPoultrv and, eggs _ _ __ -do\Vool - --- do

Prices paid:\11 commodities and services do

Family living items doProduction items -do

All commodities and services, interest, taxes, andwage rates (parity index) 1910-14=100--

Parity ratio § - do

CONSUMER PRICES*

( f/.»S. Department of Labor Indexes')

All items! 1957-59=100..Special group indexes:

All items less food doAll items less shelter --do - -

A l l commodities doNondurables do

Services do

\pparel _ _ _ _ _ doFood 9 - _ - _ do

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

ITousiner9 _ _ doGas and electricity doHousefurnishings .do _ _Rent . do

Medical care - doPersonal care doReading and recreation _ do

Transportation. doPrivate do

Other goods and services do

238

221224254151203

241214204500

953259296160235

275r 290

265

299

80

103. 1

103. 7103.0

101.7101 9100 7105 6

102. 1101 4103. 2103.899 1

103. 1107.0100. 1103 1

108 1104 "I104 9

103. 8103. 2107 0103.8

240

226218262151209

2469 5 7158526

251259299146230

276291260

301

80

104. 2

104.8104. 2

109 4109 8100 5107 6

109 8102 6104. 8104 299 3

103. 9107. 999. 5

104 4

111 3104 6107 2

105. 0104. 0111 7104.6

234

231252261152200

264262174517

236239287132238

275290265

300

78

104. 0

104. 6104. 0

102 2102 6100 4107 5

102 2102 5103. 6109 597 4

103 8108. 399 8

104 4

111 3104 5106 6

104.8103.8m q

104. 5

235

229238266156201

239261173519

241248289138232

275r 291

264

300

78

104. 4

104. 8104. 4

102 8103 9

100 6107 6

109 5103 4104. 2111 897 7

103 8107.799 5

104 4

111 6104 8107 9

105.3104. 3119 n104. 9

240

228201276154209

244259153536

250256301141231

27629()265

301

80

104. 3

104. 9104. 3

109 5109 9101 0107 7

109 5102 7104. 7107 198 3

103 8107. 799 1

104 4

111 7104 8107 4

106. 0105.0U0 0

104.9

242

229202

156214

255242141541

253267303138230

276291266

301

80

104. 6

105. 3104 5

109 8103 1101 0107 9

103 6109 6105. 1109 399 9

104 0107. 899 7

104 7

111 9104 8107 9

106.0105. 1

105.0

240

226198286154217

225242135537

252272297141228

276291265

301

80

104. 6

105. 5104 7

109 '}103 0101 7108 0

103 9II)9 5105. 199 499 5

104 1107. 899 5

104 8

II9 3104 6108 3

106.7105. 8

105.0

239

224223280149218907248134540

251277293140228

276291265

301

79

104.6

105. 6104 5

109 6109 7101 6108 9

103 7101 9105. 5

Q8 498 5

104 °107. 899 3

104 9

II9 4104 8108 1

106. 8105. 9

105.0

240

224211269150219916250130544

°54271999146229

277292267

302

79

104. 5

105. 5104 4

109 4109 6101 1108 5

103 5109 0105. 699 898 ^

104 4107.8

9Q 210'" 0

II9 5105 9

108 9

106. 0104. 9

104. 9

242

225259257152218

208250I9"538

257268304149231

2782939^8

304

80

104. 5

105. ?,101 4

109 3109 6100 8108 7

101 8109 5105. 6100 699 8

104 41 07. 8

98 7105 1

II9 61056108 5

106.0104. 8

104.9

243

226272246159

219

216953125542

257263305154237

279294268

305

80

104. 8

105. 5104 8

102 7103 1

108 9

102 0103 1105. 1102 9100 6

104 6107. 999 3

105 2

113 0105 8109 1

106.0104.7

105.0

244

2333149481 53223

229

132543

2549 5 5307147240

2~9294269

305

80

105.0

105. 7105 0

1 09 8103 9

100 9109 0

109 7i ()'3 2105.0104 4100 6

104 6107. 999 5

105 3

1 13 (')

109 2

105. 9104. 6114. 9105. 1

242

93631 99681 55224

290255137543

2462403031399 53

OOA

9Q4

270

306

79

105. 2

106. 0105 2

103 1'

109 2

102 7103 4103. 7108 6100 1

1 ( )4 6107 899 3

1 0 5 4

1 13 9

109 4

107. 2106. 0115. 6105.1

242

9433252761 59230

210255189543

242232OAO

130260

90A

269

306

79

105.2

106.010r) 2

109 7

103.01 09 499 6

104 7107.799 0

107.3106. 0115.6105. 1

239

236258275157230

203°5322Q543

242230305198261

97Q

294268

305

78

2 105.3

106. 1105 3

103 1103 4

1 09 5

109 8103 5102.7111 9

104 S107.799 1

105 (')

107. 3106.0115. 6105. 2

240

231229275155229

1912 CO

205549

248239310133257

970

294268

305

79

r Revised. l Based on unadjusted data. 2 Index based on 1947-49=100 is 129.2.cf Data are from Dun & Bradstreet, Inc. © Figures in 1961 BUSINESS STATISTICS volume

cover 49 States (Alaska not included); see July 1961 SURVEY for unadjusted data back to Jan-uary 1960 for 50 States. *New series. Data for Jan.-Dec. 1959 (49 States) appear in theOct. 1961 SURVEY. For revised data (50 States) for 1960, see similar note in the June 1962SURVEY.

tRe vised beginning Jan. 1959 to incorporate price revisions for individual commodities;revisions for earlier periods will be shown later.

§ Ratio of prices received to prices paid (including interest, taxes, and wage rates){Data reflect conversion to the 1957-59=100 reference base period. Monthly and annual

data for earlier periods are available upon request from the U.S Department of Labor Bureauof Labor Statistics, Washington 25, D.C.

9 Includes data not shown separately.




1960 1961

Monthlyaverage

1961

June July Aug. Sept. Oct. Nov. Doc.

1962


COMMODITY PRICES-^Continued

WHOLESALE PRICEScft

(U.S. Department of Labor Indexes)

All commodi ties J_~ 1957-59=100..

By stage of processing:Crude materials for further processing doIntermediate materials, supplies, etc doFinished goods O do

By durability of product:Nondurable goods doDurable goods . do

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

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

Commodities other than farm products and foods1957-59 = 100..

Chemicals and allied products 9 ..doChemicals industrial doDrugs and Pharmaceuticals. -. do. .Fats and oils, inedible doFertilizer materials.-- _ . _ _ _ _ d o _ __Prepared paint do

Fuel and related prod., and power 9 doCoal doElectric power Jan. 1958=100Gas fuels _ _ do. ..Petroleum products, refined 1957-59=100.-

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

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

Lumber and wood products doLumber _ do

Machinery and motive prod 9 doAgricultural machinery and equip doConstruction machinery and equip do. _ _Electrical machinery and equip doMotor vehicles _ _ _ do -.

Metals and metal products 9 doHeating equipment doIron and steel doNon ferrous metals ... do

Nonmetallic mineral products 9 .. . _ doClay products, structural doConcrete products doGypsum products do

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

Rubber and products doTires and tubes do

Textile products and apparel 9 doApparel _ . - do. _ .Cotton products doManmade fiber textile products doSilk products __ doWool products do

Tobacco prod, and bottled beverages 9 ---doBeverages, alcoholic _ _ „ _ _ . _ doCigarettes do

Miscellaneous _ _ _ do._Toys sporting goods do

PURCHASING POWER OF THE DOLLAR*

As measured by-Wholesale prices 1957-59=100..Consumer prices do

100.7

96.fi101.0101.4

99.9101.7

96.9100. 694 296. 0

99.9103. 2105. 099.597.8

101.3

100.2100 5100. 281.5

102.2100. 7

99.698.8

101. 9116. 697.6

100. 197.0

101. 695. 298. 1

105. 2107. 0100. 5103. 5

100. 499.8

102 4105. 4105. 8101.3101. 0

101.398 2

100. 6103. 9

101.4103. 1102. 4101. 9

101.8102. 0

99.993 0

101.5101. 3104. 497.5

105. 798 2

102.5100. 3101.4

99.3100.2

99.397.0

100.3

96.1100. 3101.4

99.6101.3

96.093.795. 692.5

100. 6105. 1107. 5101.795. 4

100. 8

99.198.498.387.5

104. 3103. 6

100. 797.7

102.4118.799.3

99. 595.2

102. 891.497.1

106. 2107. 4107. 9106. 0

95. 994.7

102 3107.4107. 5100. 0100. 7

100. 794.6

100.7100. 4

101.8103. 2102.5103.8

98.8102. 2

96.192 4

99.7101.0100. 493.4

113.297.1

103. 2100. 6101.4

103. 9100. 9

99.796.0

99.5

93.7100.0100. 7

98.2101.4

92.997.492.487.6

98.9104. 8106. 0101. 190.9

100. 6

99.498.898.889.8

104. 7103. 7

100. 195.4

102. 3115. 498.9

99.695.1

102.692.797.1

105. 1106.9100. 4104.6

97.496.1

102. 4107. 3107. 499. 9

100. 8

100. 994. 9

100.8101. 1

101.6103.0102. 5102. 9

96. 6102. 4

96. 393.0

99. 0100. 899. 292. 6

112.497. 1

102.8100. 6101.4

103. 4100. 7

100. 596.2

99.9

94.899.9

101.2

98.9101.4

95. 198.396.987.7

99.7105.0106. 6101.593. 5

100. 6

99.097.998.986.7

104.2103. 7

100. 496.3

102.5115.699.3

99.595.1

102.691.897.9

106. 1106. 91 12. 4104.6

96.995.9

102. 2107. 3107. 5100. 0100. 8

100. 994. 9

100. 6101.5

101. 7103. 0102. 5102. 9

96. 6102. 4

95. 992.9

99.2100. 899.492. 6

112.897. 3

103. 1100. 5101.4

103. 0100. 8

100. 195.8

100. 1

97.099.8

101.3

99.3101.3

96. 791.797. 393. 3

100. 2105. 0107. 299. 995. 8

100. 6

98.697.797.684. 9

102. 6103. 7

100. 296. 7

102. 4116.698.8

99.395.1

102. 690.296. 9

108. 0107.4122. 2108. 4

95. 995.0

102. 0107.4107. 699. 1

100. 8

101.295. 0

100.9101.8

101.8103. 1102.5105. 0

96. 5102. 4

96.292.9

99.5101.0100. 292. 6

117.197.8

103. 3100. 5101.4

103. 0101. 4

99.995. 9

100. 0

96. 099. 9

101.2

99.2101.3

95. 289. 497. 290. 2

100. 2105. 3108. 099. 895.3

100. 7

98. 397. 597. 080.9

102. 8103. 7

99. 697. 4

102. 4116.997.3

99.495. 1

102. 989. 396. 9

108. 4107. 8121.7109. 7

95. 694.7

102. 0107. 2107. 699. 1

100. 7

101.394. 7

101. 1101.9

101.8103. 2102. 6105. 0

98. 9102. 0

96.392. 9

99.7101. 1100. 992. 6

1 17. 198. 2

103. 8100. 6101. 4

103. 0101.3

100. 095. 6

100. 0

95. 999. 7

101.2

99.101.

95.89.97. )89. 4

100. 4106. 0109. 5100. 494.7

100. 5

98.297. 397. 178.1

104. 4103. 6

99. )98. 0

102. 5119.495.8

99.495. 2

103. 189. 396. 1

108. 9108. 4121.2111.5

94.894.0

102. 1107. 4107. 699.5

100. 5

100.994. 4

100. 9100. 9

102. 1103. 3102. 7105. 0

99. 6102. 0

96.292. 9

100. 1101.2101.592. 6

114.697.7

103. 8100. 5101. 4

100. 7101.6

100. 095.6

100. 0

95.4100. 0101.3

99. 3101.1

95. 689.998. 889. 4

100. 1106. 1109.6100. 593. 6

100. 7

98.197.397. 376.4

104. 7103. 6

99. 898.3

102. 6119.397. 2

99. 595. 1

103. 589.496. 1

108. 6108. 5117.4110. 7

94.893.8

102. 2107. 8107. 699.5

100.4

100. 494. 0

100. 1100. 2

101.9103. 3102. 5105.0

99. 2102. 0

95.592. 0

100. 2101.2101. 793.1

114.297. 7

103. 8100. 6101. 4

105. 1101.6

100. 095.6

100. 4

96.4100. 3101. 5

99. 7101.1

95. 987.298. 492. 4

100. 9106. 1110.2100. 495. 9

100. 9

98. 197.197.378.4

104. 7103. 6

100. 698.6

102. 5118.498.9

99.394.9

103. 389.496. 2

108. 2108. 5112.5110.5

94. 693.7

102. 3108. 5107. 699. 5

100. 3

100. 694. 5

100. 2100. 8

101.6103. 3102.4105. 0

99. 6102. 0

94.589. 9

100. 3101.2101.993. 2

111.497.7

103. 8100. 5101.4

106.3100. 9

99. 695.7

100.8

97.8100. 3102. 1

100. 5101. 1

97.997.097.295. 7

101.8106. 9109. 199.399.2

101.0

98.497.397.283. 0

105. 8103. 7

101.098.7

102. 5118. 199.6

99.395. 0

103.489.493.7

108. 2108. 5110.1110.9

94.794.0

102. 3108. 8107. 799. 0

100. 3

100. 794. 2

100. 6100. 5

101. 9103. 4102. 4105. 0

99. 9102. 0

r 94. 1r 88. 5

100. 3101.2102. 093.3

111.597.8

103. 8100. 7101. 4

106. 7100. 5

99.295. 7

100.7

97.5100. 2102. 1

100. 3101.2

98. 2103. 996. 794. 5

101.7107.3109. 199. 898.7

100. 8

98. 196.897. 177.0

106. 3103. 7

100. 498.7

103. 0122. 097.8

99. 195.0

103. 587.893.7

107. 7108. 5105. 4110.6

95.294.8

102. 3109. 2107.698. 9

100. 2

100. 694. 1

100.4100. 3

102. 1103. 5102. 8105. (

99. 9102. 5

r 93. 0r 87. 0

100.4101.2102. 293.3

113.298.1

103.8100. 7101.4

105. 6100. 3

99.395.4

100.7

97.6100. 3101.8

100. 2101.2

98. 4105.797.495.7

101.4107.4108.0

r 99. 398.4

100. 8

98.096.697. 181.3

103.7103.7

98.998.7

103. 1119.495.3

99.094. 9

103.487. 193.7

107. 4108.7103.8109.6

96.295. 8

102.3109.4107.69^.9

100. 1

100. 494.099.8

100. 1

102.2103.6102.8105.0

101.0102. 7

r 93. 6r87. 6

100. 5101.3102. 493. 5

116.398.3

104.0100.8101.4

105.6100. 5

99. 395.2

100.4

96.5100. 5101.4

99.7101.2

96.999.398. 594. 1

100. 0108.0106. 099.395.6

100. 9

97.996.597.079.3

103. 7103.7

100.295.3

103. 0115.398.9

98.994.7

103. 486.893.7

106. 9108.7103. 3109.5

96. 896.8

102. 3109. 2107.798 9

100.1

100. 394.099.699.8

102. 4103. 6102. 8105. 0

101.3103. 1

92.986.1

100. 5101.3102. 493. 7

121. 698.6

104.0100. 8101.4

106. 0100. 5

99.695.1

100.2

95.8100.4101. 2

99.5101. 1

96.2107. 5101. 091.4

99.5107. 5104. 598.695.5

100. 9

97.796.397.077.1

103. 6103. 8

99.794.6

102. 9116.697. 9

99.094.3

103.787.295.5

107.2108. 7105.4110.6

97.197.5

102. 3109. 3107. 798.9

100. 1

100. 293.199.299. 9

102. 1103. 6102.6105. 0

100. 8103. 1

93.286.4

100. 7101.4102. 194.5

126.498.9

105. 1103. 4101.4

106. (100. 5

99.895. 1

100. 1

95.2100. 3101.2

99.3101. 0

95.398.399.991.6

99.8107. 8105. 499. 195.7

100. 8

97.696.297.073.5

103. 6103.8

99. 694.7

102. 8113.898.1

99.094.3

103. 886.395.5

107. 9108. 7108. 5110. 0

97.397.6

102.2109. 3107. 798.6

; 100. 1

100. 0i 92. 8

98.999.3

! 101. 9: 103. 6! 102.6

105. 0

100. 5; 103. 1

! 93.086.4

100. 8101.4

. 102. 0i 94.6

130. 799.0

105. 1103.4101.4

105. 4100. 5

i i 99. 9: ! 95. 0

r Revised. ] Indexes based on 1947-49 = 100 are as follows: Measured by—wholesaleprices, 84.1 (June); consumer prices, 77.4 (June), d"For actual wholesale prices of individualcommodities, see respective commodities. JData reflect conversion to the 1957-59=100

reference base period. Monthly and annual data for earlier periods are available upon request,from the U.S. Department of Labor, Bureau of Labor Statistics, Wash. 25, D.C.

OGoods to users, including raw foods and fuels. 9 Includes data not shown separately.


August 15)62 SURVEY OF CURRENT BUSINESS S-9


1960 1961

Monthlyaverage

1961


19(52

Jan. Fob. Mar. Apr. May June July

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE

New construction (unadjusted), total rail. $..

Private total 9 do

Residential (nonfarm) 9 doNew housing units , do\dditions and alterations do

Nonresidential buildings, except farm andpublic utilities total0 mil $

Industrial doCommercial 9 _ _ _ _ _ _ _ d o

Stores, restaurants, and garages* doFarm construction _ doPublic utilities do

Public total do

Nonresiden tial buildings doMilitary facilities _ doHighways doOther types do

New construction (seasonally adjusted at annualrates), total . _ _ _ mil.$.

Private total 9 do

Residential (nonfarm) doNonresidential buildings, except farm and

public utilities total 9 mil $Industrial doCommercial 9 do

Stores, restaurants, and garages* doFarm construction doPublic utilities do

Public total 9 do

Nonresidential buildings doMilitary facilities doHighways do

CONSTRUCTION CONTRACTS

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

Valuation total mil $Index (mo. data seas, adj.)* 1957-59=100..

Public ownership _ _ _ _ _ _ _ _ _ _ mil. $ _Private ownership doBy type of building:

Nonresidential _ - doResidential doPublic works _ __ doUtilities _do _

Engineering construction :Contract 'awards (ENR) § do_ ._

Highway concrete pavement contract awards:cfTotal' _ _ _ thous. sq. vds

Airports doRoads _ _ doStreets and alleys do

HOUSING STARTS

New housing units started:Unadjusted:

Total, incl. farm (public and private). _ _ thous—One-family structures do

Privately owned _ _ do

Total nonfarm (public and private) doIn metropolitan areas do

Privately owned do

Seasonally adjusted at annual rates:Total including farm (private onlv) doTotal nonfarm (private only) " do

CONSTRUCTION COST INDEXES

Department of Commerce composite1947-49=100__

American Appraisal Co., The:Average, 30 cities 1913=100...

Atlanta _ doNew York _ _ _ _ doSan Francisco doSt. Louis . do

Associated General Contractors (building only)1913=100—

T Revised.9 Includes data not shown separately.*For data prior to Aug. 1960 for stores, restaur

data prior to Mar. 1961 for F. W. Dodge index will I

4,630

3,300

1, 8791. 368

433

847238348172107444

1,329

399116455359

3,026105

1,0491,978

1,0201,259

579169

1,888

9,315621

5, 6533,041

108.084.1

104. 3

106. 274.0

102. 5

144

722793783677700

533

ants, etc>e shown

4, 783

3,364

1, 8751,349

428

896230389193123449

1, 420

428114485393

3,114108

1,0522,062

1,0191, 34-8

581166

1,832

8,939476

5, 3903,073

113.081.7

108. 6

110.678.0

106. 3

145

741810814703720

543

., see Bulater.

5, 301

3,690

2, 1381, 407

632

900219401205156473

1, 611

468136574433

57, 206

40, 328

22, 271

10 5842, 7504, 5102,1411,8395, 382

16, 878

5, 2291,3825, 527

3,602111

1,2352, 367

1,2211 558

632191

2,392

11,216582

6,1194,514

138.3100.6132. 4

135. 392. 5

129. 5

1,3811, 351

145

740809810704721

547

reau of C

5, 274

3,734

2,1251, 524

501

932216419220164491

1, 540

45098

562430

57, 039

41, 176

23, 118

10, 6082, 6724, 5782, 2551,7595, 457

15, 863

4, 9631,1405,128

3, 529110

1,2652, 263

1,1541 502

710163

1,883

9,041938

4,3283,774

128.597.6

125. 2

126.087.2

122.7

1,3431,318

146

742809820706722

547

ensus rej

5,402

3,723

2,1091, 578

428

937213416215160497

1, 679

462113651453

57, 983

41, 281

23, 306

10, 6292, 5884, 6462,3471,6545,470

16, 702

5,0441, 1535, 762

3, 543116

1,1582, 384

1,0871,589

687179

2, 220

11,765802

7, 0583, 906

130.196.1

127.0

127. 487.5

124.2

1, 3261,301

146

746809820706722

547

Dorts;

5, 473

3,740

2, 122M02

417

949218421220147503

1,733

463138685447

58, 910

41, 709

23, 782

10,7112, 6104,7182,3981,5905, 422

17, 201

5,0911,4045,960

3,004103954

2,050

9871,381

534103

1,657

6, 929304

3, 2033,423

128.291.5

122.4

126. 590. 9

120. 7

1,3831.365

145

747809821708722

547

§14 weel

<?

5, 325

3,698

2, 0941,607

383

954221425224127504

1,627

45978

651439

58, 905

41, 767

24, 026

10,6562, 6084, 6812,3881,4725, 404

17,138

5, 105793

6, 340

3,291114

1,0212, 270

1,0051,498

631156

1,869

8, 671174

5,4183,080

128.994.1

124.0

126. 488. 0

121.5

1,4341,404

145

748819821715722

547

)ataforJts.Data for

5, 190

3,603

2, 0531,563

388

948

424228112472

1,587

418165603401

61,037

42, 044

24, 504

10,5402, 5544,6082,4131,4165, 380

18,993

5,1721 . 7607, 099

3,008116942

2, 066

1 , 0951,306

496111

2, 071

9,192327

5,1173,748

105. 574.1

102.5

103. 871.9

100. 8

1, 3511, 328

144

747815819711731

547

une, Aug

Aug. anc

4, 659

3, 345

1, 8961, 432

366

908221398203

97427

1,314

39179

490354

58, 910

41,881

24, 440

10. 5642,5374, 6412,4341,3375, 337

17.029

5, 073982

6, 235

2, 712119

1,0911,621

8831,125

597107

1 , 351

5, 706112

4,1141,479

86.754.482.4

84. 562.780.2

1,2971, 257

145

747815815711731

547

., and N<

Oct. 196

4,082

2,962

1.6291.208

324

86322536517592

360

1, 120

38554

332349

59. 019

41, 077

23, 187

10, 9822, 5904,9282,6121,3165, 357

17, 942

5, 051791

7, 250

2, 658115922

1, 736

8531, 190

52788

1,501

8. 896382

6, 3382, 176

83.054.480.6

81.759. 979.3

1,2731, 247

145

748824825711733

550

)v. 1961 a

. and Jan

3,773

2.769

1.4721 078

298

83522434616390

355

1,004

35370

241340

56,811

39, 909

22, 245

10, 8492, 5924, 7562,4441, 2845. 274

16, 902

5.1201 . 2485,414

2,749119877

1, 871

8931,192

488176

1, 806

6, 386416

4,7121,257

77.853.876.4

76. 755. 875.3

1,1521,134

147

748824825711733

550

nd Mar.

.and Ma

4. 131

2, 987

1,6291,192

343

83322134816796

410

1,144

39295

279378

57, 861

40, 553

22, 507

11,0332, 6534, 7952.4421, 2955,449

17,308

5, 0871,4095. 771

3, 980131

1,4752. 51 1

1 , 325

' 806303

2, 151

6,530408

4,1701, 953

117.979.8

115. 4

116. 383.9

113.8

1,4311,407

147

749824825711735

550

and Ma>

y 1962 arc

4, 600

3,325

1, 9281, 345

487

839223348161107433

1, 275

425103339408

58,315

41,747

23,484

11, 2342,7924,7932, 3531, 3855.388

16,568

5, 1061,4425, 057

3, 860121

1.2112, 650

1,1021, 816

702241

1.687

8,888848

5, 6942, 346

151. 6101.7147. 0

149. 5

144^ 9

1,5421,521

148

750824825711735

552

' 1962 are

for 5 wee

'5. 319r 3, 821

r 2, 308'1,514' 692

894291383185

r!22

'476

'1,498

'436'114

509'439

'60,748

'43.472

r 25, 018

11,2572, 8864, 7522, 268

' 5, 481

-17,276

' 5. 127M.349

5, 830

4,009117

1,2272,782

1,2751,819

729186

2, 252

9, 796787

4 9734, 037

154.1106. 5152. 0

152. 6

150! 5

1.5551,542

147

751824824711738

552

for 5 wee

ks; other

' 5. 790

r 4, 095

r 9 479'1.687

r 683

'917235433225

' 138484

'1.695

'472'137' 618'468

'62.474

'44,675

'25,977

11,4032,9504, 8652, 352

'1.554' 5. 490

'17.799

' 5, 276

' 5' 989

3, 900120

1,3312, 569

1.2421, 656

724277

1,821

10, 846

6, 4453,674

135. 5

132.9

132.792.4

130. 1

1,3891,361

147

754825825711742

555

ks; other

months

5, 706

4.061

2. 36*11,745

508

1,025239469959153490

1,645

457101631456

61 , 65o

44, 741

25, 747

11,661

5,' 1102, 5881,6085, 449

16,914

i l l 785, 769

147

758833845711743

556

months,

4 weeks.


S-10 SURVEY OF CURRENT HUS1NESS


1960 | 1961

Monthlyaverage .1 une J u l y Aug.

1961

Sept. Oct. Nov. Dec. Jan.

19G2

Feb. ; Mar. Apr.I !

May | June Ji

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES— Con.

E. 11. Boeckh and Associates: ^ *Average, 20 cities:

\11 types combined 1957-59 = 100Apartments, hotels, office buildings doCommercial and factory buildings do _Residences do

Engineering News-Record: OBuilding _ _ - _ doConstruction do

Bu. of Public Roads — Highway construction :tComposite stand mile (avg for qtr) 1957-59~100

CONSTRUCTION MATERIALS

Output index:Composite, unadjusted 9 J . 19-17-49=100.

Seasonally adjusted 9 t do

Iron and steel products, unadjusted^ do . .Lumber and wood products, unadj.J- -- do. _.Portland cement unadjusted do

REAL ESTATE

Mortgage applications for new home construction:*Applications for F1IA commitments

thous. unitsSeasonally adjusted annual rate do

Requests for VA appraisals do

Home mortgages insured or guaranteed by—Fed Hous Adm : Face amount __ - ..mil. $__Vet Adm • Face amount do

Federal Home Loan Banks, outstanding advancesto member institutions - __mil. $__

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

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

New n on farm mortgages recorded ($20,000 andunder) estimated total mil $

NTonfarm foreclosures number

Fire losses mil $

104. 7105. 0104. 7104. 2

106. 1108. 4

U)4 1

131. 6

1 28. 6131. 71 59. 0

20.2

11.9

383. 38165. 42

21,981

1,192

390511291

2 4454,279

92. 32

105.6106. 3105.6104. 5

107. 8111.51 94.9

130. 2

130.2130. 8161.2

20.3

14.8

397. 10152. 63

2 2, 662

1,447

423601423

2, 5966, 090

100. 75

105. 9106. 7105.9104.8

108. 2111.9

93 2

149. 4139.7

158.8140. 6189. 0

23. 4225

17.6

385. 86137. 27

1,869

1,721

532712477

2, 8566, 576

103.35

106. 1106. 9106.1105. 1

108. 5112.3

130. 1135.2

132.2120.8194 5

20. 6233

15.1

386. 21144.39

1,871

1,482

422659401

2, 6535,946

93.11

106.2107.0106. 1105. 1

108. 3112.4

153.1139.2

156. 2151.9199 0

24.4238

17.4

463. 35181. 66

2. 001

1, 763

498785480

3 0040. 348

91.63

106.3107. 1106. 3105. 2

108. 4112. 4

95 1

141.2135.5

144.5137.7188.3

19.6222

15.7

422. 39167. 99

2, 124

1. 594

436695463

2 7776,214

76.98

1 06. 2107. 1106.2104.9

108. 3112.4

144.5127.7

144.7142 9193 5

22 1272

16. 1

432. 4X200. 91

2,202

1,629

464696469

'> 9616,352

86 93

106. 2107. 0106. 2104. 9

108. 3112 5

126.8132 7

123.2131 1165 3

17.4265

13. 5

483. 73205 91

2, 288

1,529

436645448

'> 7546 564

115.85

106. 3107.1106. 3104. 9

108.2112. 5

97 •>

109.5127.7

105. 31 13. 9139 9

16.4299

11.0

425. 65197.11

2. 662

1, 500

417598485

2 5796 151

109. 52

106. 4107.3106.4105. 1

108. 3112. 5

r 114.8r !•>•> g

112.3122. 5102. 0

14.5•>27

12.9

480. 34226. 58

2,320

1,323

353550420

2 4597,103

133. 48

106.5107.4106. 5105. 1

108.7112.9

r 114.3r 19Q 2

116.5127.791 6

18. 7239

12. 0

397. 95175. 44

2, 228

1,303

362509432

'> 23S6,382

115.86

106. 5107.4106.5105. 1

109. 1113 3

97 4

r 134.5r 139 2

138.8139.3122 4

24.6246

19.0

418. 17204 97

2, 151

1,611

464633514

9 6277 441

114 42

107.0107.9106.9105.6

109. 2113.6

* 132.5130 1

M39.2129 6168 0

22.7240

16.3

371.89181.81

2,323

1 , 661

512635514

2 704

106. 14

107. 6108.6107. 6106. 2

109. 8114 5

146.4136 3

23.1233

17.8

402. 80183 76

2. 429

r 1. 857T 584r 739r 534

2 983

114.53

107.9108.9107.9106. 4

109.8114 7

97 0

20.4212

14.7

403. 77206 90

2. 767

1.911

579818514

95.99

110. 5115 2

DOMESTIC TRADE

ADVERTISINGPrinters' Ink advertising index, seas, adj.:

Combined index . 1947-49=100__Bu^.ines? papers doMagazines __ do. __

Newspapers __ _.doOutdoor __ do__ _Radio (network) __ do _Television (network) 1950-52=100

Television advertising:Network :cf

Gross time costs, total mil. $Automotive incl accessories doDrucs and toiletries doFoods coft drinks confectionery do

Soaps cleansers, etc doSmoking materials doAll other do

Spot (national and regional) :Gross time costs, total do ..

Automotive incl accessories doDrugs and toiletries doFoods soft drinks confectionery do

Soaps, cleansers etc doSmoking materials doAll other _ do ..

Magazine advertising:Cost, total do

Apparel and accessories __ doAutomotive, incl. accessories doBuilding materials do __Drugs and toiletries doFoods, soft drinks, confectionery do _.

Beer, wine, liquors _ _ _ do _ _ .Household equip , supplies furnishings doIndustrial materials _ do ..Soaps, cleansers, etc doSmoking materials doAll other __do -_

235246188

21016023

462

56.94 6

16 310 8

5 86 4

13.03 150. 8

71. 14.77.83.06 79.8

4.25.64.6

82.2

21.7

233246185

20114320

483

i 178.0i 12.0i 52 01 36 7

i 19. 2i 21 2i 37.0

i 154.41 4.3

i 30. 21 52. 5

i 18. 01 7.4

141.9

69.74.57.02.56.6

10.2

4.34.83.8.7

2.422.9

236242171

21514925

522

172. 910.647 636 3

20.020 138.3

160.64.6

28.254. 1

21.68.3

43.8

66.52.95.83.37. 1

10.0

4.14.04.2.7

2.721.6

236258173

18515029

520

47.6.7

3.51.85.98.4

3.22 43.3

42.2

15.8

237236176

20415726

538

47.44.82.71.84.67.4

2.52.32.7.5

2.216.0

245250192

21615222

518

166.28 7

51 933 2

20 223 328.9

127.64.0

24.538 4

16. 16.3

38.4

80.08.67.13.67. 79.0

3.86.24.8.6

2.625.8

237256187

18913923

526

89.86.0

11.02.98 7

13.0

5.18.05.21. 12.3

26.5

244250183

223132

530

84.75.19.41.87.7

12.3

5.87.14.8.9

2.627.4

244254194

21214019

520

198.616 358 439 3

17 321 745 7

177.84.5

37.361.0

17.47.6

50.2

68.53.35.8.9

7. 19.3

7.54.23.6.5

2.923.2

240251190

20713219

516

48.91.46.91.04.47.5

2.41.92.1.3

1.919.2

244248190

21612820

533

66.92.77.32.46.3

12.3

3.33.12.5.7

2.823.6

240254184

20012820

544

194.612 760 742 7

19 621 937 0

182.14 2

39.764 5

21 58 4

43.8

81 35.09.33.57 0

12.5

4.74.93.6

82.6

27.5

243268194

19613118

533

87.17.2

10.83.67.5

11.1

3.77.24.2.8

2.628.5

240242192

19613320

550

82.05.79.23.77.3

10.1

4.67.54.3.7

2.926.0

72 92.97.62.68 1

10.3

5. 15.04. 1

63.5

23.2r Revised. i Quarterly average based on quarterly data. 2 End of year. 3 Quar-

terly average based on revised annual total; breakdown not available.^Copyrighted data; see last paragraph of headnote, p. S-l. *New series; data prior to

June 1961 will be shown later. ©Revised to reflect data as of 1st of indicated month andshift to 1957-59=100 reference base. fRevised to reflect current specifications and baseperiod; data prior to 4th qtr. 1960 are available upon request.

9 Includes data for items not shown separately.^Revisions for 1955-Mar. 1961 (1959-1960 for lumber and wood) are available upon request.cf Revised beginning 1961 to provide for horizontal contiguity rate structure, wherein a

single advertiser might obtain a lower basic rate through the purchase of time across-the-board; not directly comparable with earlier data. Revisions for breakdown for 1st qtr. 1961are as follows (order and unit as above): 174.4; 12.6; 49.9; 38.2; 19.2; 19.5; 35.1.


An gust 1962 SURVEY OF CURRENT BUSINESS S-ll


1960 1961

Monthlyaverage

1961

June July Aug. Sept. Oct. Xov. Dec.

1962

Jan. Feb.1

Mar. | Apr.!

May June July

DOMESTIC TRADE—Continued

ADVERTISING— Continued

Newspaper advertising linage (52 cities) :Total mil. lines..

Classified doDisplay, total do

Automotive doFinancial do. __General doRetail . do

RETAIL TRADE

All retail stores:Estimated sales (unadj.), totalf© mil. $--

Durable goods stores 9 ©_ _ doAutomotive group© _ do

Motor veh., otlier automotive dealers doTire, battery, accessory dealers© do

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

Lumber building, hardware croup doLumber, bldg. materials dealers d" ...do. __Hardware stores do

Nondurable goods stores 9 - do.Apparel group _ _. do _.

Men's and boys' wear stores _ doWomen's apparel, accessory stores doFamily and other apparel stores do__Shoe stores do _ _

Drug and proprietary stores doFating and drinking places do _Food group do

Grocery stores _ _ _ _ _ d oGasoline service stations do

General merchandise group 9 - doDepartment stores __do_M ail order houses (dept. store mdse.)_ doVariety stores do

Liquor stores do

Estimated sales (seas adj ), totalf© do

Durable goods stores 9 © doAutomotive group© do

Motor veh., other automotive dealers_doTire, battery, accessory dealers© _ do

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

Lumber building, hardware group doLumber, bldg. materials dealerscf doHardware stores do

Nondurable goods stores 9 doApparel group do

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

Drug and proprietary stores doEating and drinking places doFood group do

Grocerv stores doGasoline service stations do

General merchandise group 9 doDepartment stores doMailorder houses (dept. store mdse.)_ doVariety stores do

Liquor stores do

Estimated inventories, end of year or month: JBook value (unadjusted), total bil. $__

Durable goods stores 9 doAutomotive group doFurniture and appliance group ._ __do _ _Lumber, building, hardware group _ . do

Nondurable goods stores 9 doApparel group doFood group doGeneral merchandise group do

Book value (seas, adj.), total. _ _ __ doDurable goods stores 9 - d o

Automotive group doFurniture and appliance group doLumber, building, hardware group- _do ,

Nondurable goods stores9 doApparel group _ _ _ _ _ d oFood group doGeneral merchandise group do

r Revised. l Advance estimate. fData forsales and inventories (1946-47) have been revised Jfigures are available upon request. 9 Includes datbeginning Feb. 1961; revisions for Feb.-Apr. 1961

240.761.3

179. 513.84.5

28.8132.4

18, 294

5,8943,2923, 082

211

883564319943718224

12, 4001,142

218444276204

6281,3414,4864, 0281, 466

2,0011, 162

155325407

25.9811.724.881.902.35

14.263.163.143.89

27.1812.335.271.952.44

14.853.363.144.26

retail saor compa not si1will be

231.458.1

173.312.34.9

26.9129.1

18, 234

5, 6083, 0762,870

206

865547318913700213

12,6261,144

222439282201

6451,3674,6184,1591,498

2,0761,213

161340409

25. 7811.034.381.882.25

14. 753.223.314.04

26. 8611.524.691.922.33

15. 343.413.314.44

les (1946-arabilityown sepshown

236.561.3

175.313.85.0

30.4126.0

18,896

6, 2033,4433,207

236

895563332

1,039799240

12, 6931,109

242405256206

6241,4324,7714,2951, 568

1,9931,180

142315393

18,189

5, 5763. 0582, 854

204

857547310899687212

12,6131, 136

229435275197

6421,3704, 6224,1571, 500

2, 0671, 205

160339416

26.2311.734.781.892.43

14.503.153.194.08

26.2211.374.441.902.38

14.853.333.184.24

-50) andwith laarately.later.

207.760.6

147.110.85.5

21.0109.7

17,912

5, 6303, 0232,796

227

845534311

1,008783225

12,282953190358224181

6291,4904, 6824,2101,604

1.7721,018

120300404

18,017

5,4962 9252,717

208

883568315926704222

12,5211,118

218434266200

6491,3354, 6104,1431,485

2, 0691,237

155324393

26.0911.634.711.872.42

14.463.123.184.10

26.3411.464.491.902.40

14.883.323.204.26

for whoer data;

©RecfComi

224.461.3

163.110.83.8

21.8126.7

18,315

5,7022,9752,745

230

914583331

1,057838219

12,6131,039

182399260198

6301,5074, 6444, 1721,616

2,0321,177

163330398

18,172

5, 4632,9262,721

205

883557326914703211

12,7091, 177

230453289205

6441,3454,6844,2141, 503

2,0821, 208

163350409

25.7010.743.861.892.34

14. 963.383.224.30

25.9811.014.151.902.35

14.973.313.274.28

esalenew

visedDrises

231. 859.1

172.713.74.2

26.9127.9

18, 149

5,3772,7222,510

212

879553326985775210

12,7721,153

201438285229

6291,4404,8164,3571, 519

2,0701,225

150331403

18,131

5, 6103, 1092, 893

216

876556320875670205

12, 5211,106

218430265193

6411,3774,6024,1531,511

2,0751, 225

157331386

26.2610.723.811.912.31

15.543.593.284.58

26.3411.264.381.892.34

15.093.333.314.32

lumbeIF

appeareques

260.963.2

197.813.95.2

34.1144.6

18,751

6, 0373, 2983,082

216

915591324

1,028821207

12, 7141,188

224462299203

6341,4094, 5234,0701, 550

2, 1651,284

178332397

18,577

5, 8553,2683, 056

212

880562318918719199

12, 7221, 173

231453282207

6441, 3694,6464,1831,521

2,1011,216

166349411

27.0010.963.901.952.30

16.043.713.384.81

26.4011.254.371.892.33

15.143.393.324.34

r yards,let ail in vr on p. *

261.357.5

203.913.04.8

31.5154. 5

19,215

6,0863, 3893,180

209

960614346949743206

13,1291,261

252483329197

6461,3594, 5954,1461,514

2, 4591,452

237375430

19,098

6,1903. 6003,392

208

866545321930729201

12,9081,187

229459295204

6751,3984,6944,2441,519

2,1651,245

174370421

27.7111.264.121.992.30

16.453.703.484.94

26.7511.444.581.892.36

15.323.393.394.32

buildingentories4 of the

242.850.8

192.08.95.6

23. 3154. 3

22,869

6, 2953, 1362,862

1,181718463906626280

16, 5742, 051

449770550282

8901.4215, 1684,6701, 546

3, 8532, 293

248724647

18,827

5,9153,2773, 050

227

914577337949726223

12,9121,164

218445294207

6931,4074,6314,1961,539

2,1841,311

158347409

25.7811.034.381.882.25

14. 753.223.314.04

26. 8611. 524.691.922.33

15.343.413.314.44

materialhave beeDec. 19(

201.355.7

145.610. 77.8

18.7108. 4

" 16,945

5,1743, 1062, 931

175

781492289687522165

-11,771948196361225166

6511,2724,4704,0431,447

" 1, 635945

"131249378

r 18 837

5, 9203. 3483, 126

222

885569316927714213

r 12,917

1,185224447300214

6551,3874,6844,2361,543

" 2, 1351,232' 163

360431

25.8211.374.761.852.28

14.453.093.243.98

26.8611.524.691.932.34

15.343.403.324.43

s dealersn revisec51 SURVJ

198.954.1

144.811.44.4

23.4105.6

r 15,985

4,9802,9942, 832

162

725461264652501151

" 11,005795149312189145

6221, 1854, 3143, 9021,333

r 1, 516

850-121

265360

r 18,970

5, 9773, 3613,138

879558321932722210

" 12,9931,170

218438297217

6651,4144,7324,2801,539

r 2, 143

1,241" 159

366432

26.5611.624.961.872.32

14.943.253.314.20

26.9011.484.661.932.34

15.423.393.344.44

, and pabeginni

:Y; those

236.962.2

174.712.74.8

27.6129. 5

" 18,974

6,1393, 7803, 579

201

814532282816623193

r 12,8351,063

186418263196

6571,3364,9714, 5221,487

" 1,970

1 , 1 46'145

324395

r 19,271

6,1803, 5573.329

228

888576312937715222

" 13,091

1.217232464306215

6581,4414,6804. 2371,552

" 2, 251

1, 323" 162

380409

27.3711.834.991.922.44

15.543.413.374.43

26. 7811.384.541.932.38

15.403.353.354.41

int, plunrig 1946.> for the

246. 063.6

182. 413.75.5

27.6135.6

" 19,172r 6, 284

3, 7633,544

219

789529260950728222

"12,8881,307

221496320270

6431,371

" 4, 520r 4. 073

1,511

"2,157"1,253

"156363388

" 19,596

" 6, 3323, 6463.422

224

888582306972753219

"13,2641,207

231450304222

6751 , 426

" 4, 787"4,318

1,547

" 2, 253"1,308

"171"379"443

27. 5411.995.041.972.50

15. 563.413.354.46

26. 8711.434.541.962.41

15.443.393.334.44

ibing, arRevisioiearlier p

256.965.9

190.915.14.4

30.5140.9

"20,144

" 6, 828" 4, 026" 3, 786

"240

" 876"577"299

" 1, 063"814"249

"13,316" 1, 183

"221"463"285"214

"669" 1, 486

4, 791" 4, 326' 1,577

" 2, 206" 1, 287

"163"351"409

" 19, 432

" 6, 169" 3, 520" 3, 297

"223

"876" 562"314"946"728"218

" 13, 263" 1, 196

"236"451"304"205

"677" 1, 444

4,801" 4, 335- 1, 533

" 2, 268" 1, 320

" 167"376"433

r 27. 44r 11.98

" 5.041.94

"2.49

r 15. 46

3.353.374.42

" 26. 94" 11.42

"4.541 93

"2.40

" 15. 523.40

"3.364.46

id electris for Deeriod an

227. 662.3

165.314.24.4

26.1120.6

"20,189

" 6, 776" 3, 940

3, 697243

"891580311

1,080836244

"13,413" 1, 123

233410268212

" 669"1,541" 5, 019" 4, 545" 1, 626

" 2, 160" 1,264

144355416

" 19, 096

"6,0193,4323,220

212

858565293933719214

" 13, 0771,116

208434276198

6821,4684,7094, 2521, 556

2,2141,296

168361414

26.9711.774.861.912.48

15. 203.263.334.29

27.0311.454.541 922.43

15.583.433.334.46

cal storec. 1957-S3 availaf

1 18, 841

i 6, 262i 3, 593

1852

1 12, 5791961

i 6531,5134, 6384,2091 ., 62'5

i 1,9631 1,116

1 19, 451

i 6, 305

i 13, 146

ept. 1960)le upon


S-12 SUEVEY OF CUEREXT BUSINESS August

Unless otherwise stated, statistics through I960and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS

1960 1961

Monthlyaverage

1961


1962


DOMESTIC TRADE—Continued

RETAIL TRADE— ContinuedFirms with 4 or more stores:

Estimated sales (unadjusted), totalt mil. $..Firms with 11 or more stores:

Estimated sales (unadj.), total 91 do

Apparel group 9 doMen's and bovs' wear stores doWomen's apparel, accessory stores doShoe stores _ do

Drug and proprietary stores doEating and drinkirg places doFurniture, homefurnishings stores d o _ _ .

General merchandise group 9 doDept. stores, excl. mail order sales doVariety stores ._ . .-do -_

Grocery stores doLumber yards, bldg. materials dealers cT- -doTire battery accessory dealers! do

Estimated sales (seas adj ), total 9 J do

\pparelgroup9 -doMen's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do

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

General merchandise group 9 doDept stores excl mail order sales doVariety stores _ do

Grocery stores doLumber yards, bldg materials dealersd71 doTire, battery, accessory dealers^ do

All retail stores, accounts receivable, end of mo.:*Total mil $

Durable goods stores doNondurable goods stores do

Charge accoun ts doInstallment accounts do

Department stores:Ratio of collections to accounts receivable:

Charge accounts _ _ _ _ . percent- _Installment accounts do

Sales by type of payment:

Charge account sales .. doInstallment sales do

Sales, total United States: tUnadjusted 1957-59=100..Seasonallv adjusted do

Stocks, total U.S., end of month:tUnadjusted doSeasonally adjusted do

WHOLESALE TRADE f

Sales, estimated (unadj.), total bil. $._Durable goods establishments doNondurable goods establishments -_ -do

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

4,724

4,223

29329

11885

1219337

1,290781251

1,7856982

12,9376, 1046,8337, 1225, 815

4615

434215

106

109

12.334.447.89

i 13. 216. 616. 00

5, 127

4,378

29730

12086

1279538

1,354823262

1,8436383

13,0535, 9037, 1507, 1615, 892

4715

434216

109

110

12 564.288.27

i 13. 496. 686.81

5, 182

4, 451

29532

11691

1229839

1,320818249

1,9217499

4, 362

29030

11784

1259538

1,344802268

1,8516385

11,7075, 8845, 8236, 7015, 006

4815

434116

103109

103108

12.814.578.24

13.316. 826.49

4, 796

4,122

242239873

12110037

1,171709234

1, 8207193

4,351

29729

11882

1249341

1,357831253

1,8276286

11,6295, 8665, 7636, 5835, 046

4714

434017

92110

104110

11. SO4. 137. 73

13.346.856.49

5, 067

4,329

27022

11179

11910137

1,344806260

1, 8027690

4,437

32332

12390

1239336

1, 362810279

1,865

84

11,6845,8935, 7916, 5765,108

4815

434116

100110

109110

13. 344. 048. 70

13. 546. 836.71

5,273

4, 409

30524

12297

12210136

1, 352834256

1. 9537182

4,377

28828

12082

1269836

1, 350827261

1,8566187

11,8385, 8665, 9726, 6265, 212

4615

424216

109110

118111

12.614.428.19

13.576.826. 75

5.231

4,414

31032

12585

1229841

1,421

2611,771

7487

4,432

30832

12590

1269638

1. 379830

1, 8456488

12, 2006, 0166, 1846,8195. 381

4816

414310

112109

112

13. 694.748. 95

13. 746. 776.97

5, 592

4, 716

33537

13885

1309843

1,610975286

1,8436485

4, 516

3133!

12890

13510037

1.410851279

1,8776387

12, 3685, 9586, 4106. 8865, 482

4917

4216

134112

129112

13.644. 559. 09

13. 786.747.04

7, 466

6, 364

54264

22912921210050

2,5171, 517

5502,135

51116

4, 569

30230

12584

14110041

1 , 43491 6257

1,8996390

13, 0535, 9037, 1507, 1615, 892

4816

4015

204113

103113

12.874.228. 65

13. 496. (586.81

4, 564

r 3, 869

224248570

1249332

- 1, 055642183

1,78442

r 4, 505

31430

12695

13310139

r 1.412

848268

1. 8655692

12, 3015, 6986, 6036,8125, 489

4716

4018

83109

101114

12.334.148. 19

13. 596. 726.87

4.306

' 3, 676

198187964

1188831

r 968

576196

1.744446i

r 4, 527

31329

12597

1359936

r 1.411

858272

1,8906388

12,0075, 5306, 4776,5415, 466

4615

4117

110

107114

j

11.573.967. 01

13.566.79

j 6.77

5,252

* 4, 512

27325

10882

1309841

r 1.257

2412, 100

5480

r 4, 658

31131

12495

13?.10041

' 1.516941288

1,9036191

12. 1355, 6096, 5266, 5625. 573

5016

424216

95117

116116

12.984.528.46

13. 686. 966.72

r 5, 236

4,464

36132

1381181309837

1,398858

1, 8056287

4,582

30229

11992

13810039

1,414852283

1, 9216589

12,6785,8646,8146, 9015,777

4617

434116

112113

118115

12.604. 548.06

13.616.986. 62

r 5, 396

4, 594

31529

12897

13210341

1,424883268

1,90869

100

4, 591

31130

12293

134102

40

1,451878287

1, 9066189

' 12, 868r 5, 948r 6, 920r 7, 008

r 5. 860

4817

424117

110115

116116

' 13. 52r 4. 76r 8. 70

«• 13. 59r 7. 05' 6. 54

5,502

4,698

29930

11695

13410638

1,402875271

2,04171

101

4,523

29128

11786

13610237

1,420870275

1,8996187

12, 9516. 0356, 9166. 9875, 964

4817

434017

P105pill

pl!2

13. 184.718.48

13.687.086. 60

p Q6P115

EMPLOYMENT AND POPULATION

POPULATIONPopulation, U.S. (incl. Alaska and Hawaii):

Total, incl. armed forces overseas! mil

EMPLOYMENT 0Noninstitutional population, est. number 14 years

of age and over, total, unadj _ _ mil

Total labor force, incl. armed forces thous__Civilian labor force, total . .. ._ do

Employed, total doAgricultural employment doNonagricultural employment - - do

Unemployed, total doLong-term (15 weeks and over) do

Percent of civilian labor force .. -Not in labor force thous..

Civilian labor force, seas, adj.* doEmployed, total. _ _ _ do

Agricultural employment doNonagricultural employment do

Unemployed, total doPercent of civilian labor force _

125. 37

73, 12670, 61266, 681

5, 72360, 958

3, 9319565.6

52, 242

-2183.74

127. 85

74, 17571, 60366, 796

5, 46361,333

4, 8061, 532

6. 753, 677

r 183. 50

127. 77

76. 79074, 28668, 706

6, 67162, 035

5, 5801,575

7.550, 977

71,98366, 9005,504

61,5434,936

6.9

' 183. 74

127. 99

76, 15373, 63968, 499

6, 45362, 046

5,1401,634

7.051, 833

71,63366, 6985,473

61,3714, 923

6.9

r 184. 01

128. 18

75,61073, 08168, 5396,325

62, 215

4, 5421,440

6.252, 573

71, 78966, 998

5, 66261,4174,887

6.8

' 184. 29

128. 37

73, 67071, 12367, 038

5, 66661, 372

4,0851, 257

5.754, 701

70, 98166, 2435, 156

61,1884,867

6.8

r 184. 57

128. 57

74. 34571,75967, 824

5, 96461, 860

3, 9341, 240

5.554. 220

71,47366, 822

5, 47261,369

4,7626.7

r 184. 84

128. 76

74, 09671,33967, 349

5. 19962, 149

3, 9901,137

5.654, 659

71,48267, 148

5, 31161, 840

4,3706.1

r 185. 07

128.94

73, 37270, 55966, 467

4.41862, 049

4,0911,233

5.855, 570

71,27266, 9365,204

61,6184,274

6.0

r 185. 29

129. 12

72, 56469. 72165, 058

4, 41760, 641

4, 6631,252

6.756, 554

71,43567, 2785,453

61, 6904,159

5.8

r 185, 51

129. 29

73, 21870, 33265, 7894,578

61,211

4, 5431,431

6. 556, 072

71, 84167, 894

5, 60362, 206

4,0085.6

r 185. 71

129. 47

73, 58270. 69766, 3164,782

61, 533

4,3821,485

6.255, 889

71, 77467, 9475,560

62, 2803,914

5.5

r 185. 94

129. 593 73, 654

70. 7693 66, 824

4, 96161, 863

3, 9461,483

5.655, 933

371,4843 67, 499

5, 25562, 2363,963

5.5

186. 15

129. 75

74, 79771, 92268, 203

5, 42862, 775

3, 7191,274

5.254, 956

71. 85067, 931

5, 21462, 7753,903

5.4

186. 37

129. 93

76, 85774. 00169, 539

6, 29063, 249

4,4631, 033

6.053, 072

71, 70667, 711

5, 19062, 7473,917

5. 5

186. 59

130. 18

76, 43773, 58269, 564

6, 00463. 500

4, 01H9215. "

53, 74(i

71. 57!-67, 73;

5, 14c62, 80<

3, 82*

r Revised. * Preliminary. * End of year. 2 As of July 1. 3 see note"©".t Revised beginning Feb. 1961; revisions for Feb.-Apr. 1961 will be shown later.9 Includes data not shown separately.cf Comprises lumber yards, building materials dealers, and paint, plumbing, and elec-

trical stores. fSee corresponding note on p. S-ll. §Revisions (1950-61) are available.*New series. Back data for accounts receivable are available from Bureau of the Census.

Monthly labor force data (1948-60) appear in "Employment and Earning?," BLS (Feb. 1962^Revised s?ries, reflecting (1) adjustment to 1958 Census of Business benchmarks, ('

shift to 1957-59 base period, and (3) review of seasonal factors. Revisions beginning 19<appear in the FEDERAL RESERVE BULLETIN, July 1962. © Beginning Apr. 1962, not strictlcomparable with earlier data; see July 1962 SURVEY.


August SURVEY OF CURRENT BUSINESS S-13


1960 1 1961

Monthlyaverage

1961

June July Aug. Sept, Oct. Nov. Dec.

1962

Jan. Feb. Mar. Apr. May June July p

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees on payrolls (nonagricultural estab.):tTotal unadjustcdf thous

Manufacturing establishments - -- doDurable goods industries doNondurable goods industries do

Mining, total 9 _ doMetal doCoal mining _ _ doCrude petroleum and natural cas . .do ._

Contract construction doTransportation and public utilities 9 do

Railroad transportation _ _ _ _ ..do _.Local and interurban passenger transit. ._do

Motor freight trans, and storage doAir transportation _ _ _ _ do _ .Telephone communication doElectric, gas, and sanitarv services do

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

Finance, insurance, and real estate doServices and miscellaneous doGovernment do

Total, seasonally adjusted! doManufacturing establishments do

Durable goods industries doOrdnance and accessories do ___Lumber and wood products _ doFurniture and fixtures doStone, clay, and slass products doPrimary metal industries do

Fabricated metal products doMachinery _ _ _ - doElectrical equipment and supplies do

Transportation equipment doInstruments and related products doMiscellaneous manufacturing ind._ do. _.

Nondurable goods industries doFood and kindred products doTobacco manufactures _ _ doTextile mill products doApnnrel and related products doPaper and allied products _. __ doPrinting, publishing, and allied ind__doChemicals and allied products _. doPetroleum refining and related i n d _ _ _ d oRubber and misc. plastic products doLeather and leather products do

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

Production workers on mfg. payrolls, unadjusted:!Total, un adjusted f - __ _1 _ thous

Seasonally adjusted doDurable goods industries, unadjusted- -do

Seasonally adjusted doOrdnance and accessories doLumber and wood products doFurniture and f ixtures . _ . _ _ doStone, clay, and glass products doPrimary metal industries do

Blast furnaces, steel arid rolling mills.doFabricated metal products doMachinery doElectrical equipment and supplies doTransportation equipment 9 do

Motor vehicles and equipment doAircraft and parts _ __ do._

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries, unadj doSeasonally adjusted do

Food and kindred products doTobacco manufactures _ doTextile mill products doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind._doChemicals and allied products doPetroleum refining and related ind.._clo

Petroleum refining _ doRubber and misc. plastic products.. -doLeather and leather products _ do

' Revised. p Preliminary. 1 Total and comf Revised series. Beginning with the Nov. 196!

wirings, and labor turnover have been adjusted tjcen converted to the 1957 SIC. Effective Jan. 195

54, 347

16,7629.4417,321

70993

182314

2.8824.017

887283

874191706613

11.4123 0098, 4032.6847,3618, 520

1 54, 34716, 7629,441

187637383595

1, 229

1,1281,4711,446

1,617354392

7,3211, 793

94915

1.228593

917830212374366

7092 8824,017

J 1,4122, 6847,3618, 520

12,562

7,021

89570319483992471869

1,030987

1.133566392232316

5, 541

"i~2iT83

8271,094

474592511138113289323

poneritsSURVEY

o the M9, the da

54, 077

16. 2679,0427. 225

66687

156309

2, 7603. 923

820270

875197095Oil

11,3683 0088. 3612, 7487, 5168,828

1 54, 07716,2679 042

201600367567

1,142

1,0761.4011. 436

1.522346382

7, 2251 780

90880

1 200590926830203365361

6662 7()()3, 923

11,3682, 7487,5168,828

12,044

6, 613

94535304455914428820964963

1,035492379222306

5,431

"i"H)l~79

7931 , 067

470596506131107280319

are basecr, data foar. 1959ta includ

54, 429

16,3209, 1067,214

67888

154314

2,9713, 945

826266

880197697616

1 1 , 3542 9908, 3642, 7667, 5988,797

54, 18216, 3739 114

200606368573

1, 151

1,0851 . 3961,442

1 , 560347386

7, 2591 , 775

90887

1,210592929834206371365

6692 7953,914

1 1 . 3922, 7477,4718.821

12.09012 1456, 6786,682

93565301470926436825967950

1, 050515371220310

5,4125, 4631,184

67800

1 , 050474594507134109279322

1 on unar emplojbenchme Alaska

54, 227

16, 2689, 0517,217

67288

143318

3, 0233,977

832258

891201702622

11,3273,0138,3142, 7957,6318, 534

54, 33516,3929 138

202604370575

1, 170

1 , 0821,4011,442

1,559349384

7, 2541 , 773

88887

1 , 208593932836203372362

672

3, 94211,4372, 748

' 7, 5338, 835

12,02312 1646,6166, 709

94503300471927442809957944

1,033505370218301

5, 4075. 4551,226

65788

1,034467594506132106277318

djusted/merit, hirk andand Ha

54, 538

16.5319, 0837,448

67786

154315

3, 0753,971

835257

891203701623

11,3423,0448,2982,8017, 6068, 535

54, 33316,3819 131

202603371578

1 , 1 74

1,0941,4041,444

1,530349382

7, 2501,770

90882

1,213592929835205372362

6652, 7703, 939

11,410

1\ 5468, 865

12,27412. 1566,6416, 699

94568311477940447831950968961430368222317

5, 6335, 4571,318

89802

1, 100475594509135109284327

data,ours,havewaii.

54,978

16,6469,1897, 457

67688

155311

3, 0213.971

826268

907203694616

11,3783, 0358, 3432, 7707, 61 28.904

54, 30416,3239,105

203003370573

1,179

1,0901,4001 , 428

J , 528350381

7.2181,769

96880

1.194589927832202372357

6662, 7543,939

11.3C-32, 7567, 5678.936

12,40712,1016, 7536, 673

97565314477955457839900982

1,013470379226326

5, 6545. 431.1 , 335

106804

1,082476599509133108292319

The rwith tBullet

9

55, 065

16, 6079,2017,406

66886

156306

2, 9813, 953

822268

913202689608

11,4503,0498,4012, 7587,6189, 030

54, 38516, 3619.112

208600372574

1,174

1 , 0911,4091,455

1,496349384

7, 2491,787

91882

1,204591925835204370360

661

£ 9291 1 , 3652, 7047, 5808, 907

12,37912,129

C, 7716, 676

98

317470950451848955997

1,021469383226334

5, 6085, 4531,286

96800

1,087477602510132107294317

^vision ahe revisein No. 1Includes

55, 129

16,6589, 3297, 329

66788

157306

2, 8253.943

816267

913199688606

11.6113. 0518. 5602, 7577, 5969, 072

54, 52516, 4669,213

206602373570

1,178

1,0971,4121,456

1,579351389

7, 2531,791

87884

1,203593928837197373360

6652. 7193,927

1 1 , 3742. 7717,6118. 992

12,41412,225

6, 8836. 766

98542316463953446850960

1,0121,124

564390229330

5, 5315, 4591,220

82805

1,092478604510126102296320

fleets alld data.312 ($3.0Cdata for

55,503

10,5569,2977,259

65785

156306

2, 5753, 927

824269

895200686604

12,1813, 0629,1192, 7567, 5739,278

54,49216,5139,244

206600375565

1,184

1,0981,4181,471

1,588352387

7, 2691,782

89886

1,211597929839197377362

6542, (5993,911

1 1 , 3662, 7707, 6428, 937

12, 30312, 2576. 8446, 797

98526314449960450851977

1,0131,123

505393227307

5,4595, 4601, 159

81801

1,084477602511124101290322

series; fUnpubl), availaindustr

53, 737

10, 3709,2227,148

64780

154305

2, 2983,863

801270

867200084002

11,2703,0218,2492,7477, 5109,032

54, 43416, 4569, 217

207598372559

1,194

1,0921,4161,477

1,509351382

7,2391,778

89884

1, 190593920836200377360

6532, 5943, 906

11,3842 7727,' 6409, 029

12,11812, 1976,7646, 760

97507308432969460840982

1,0081,111

555395225288

5,3545,4371,109

79792

1,062470592509127105294319

m'viouslshed rev:>le fromies not s

53, 823

16,4529,2877,165

64286

153302

2.2823,863

799267

872201684600

11,1883,0218, 1672, 7497,5459,102

54, 77316, 5729,312

207612375563

1,211

1,0971,4211,495

1,595352384

7, 2601,776

89884

1,206595929841200381359

6532, 6943,914

11,4472, 7747, 6759, 044

12, 18712, 3006, 8206. 846

96513310432984470837997

1,0131,119

553395225295

5, 3675,4541,088

75793

1,093468593512127105295322

y publisisions (pGov't. Fhown se

54, 056

16, 5259,3397,186

64086

149302

2, 3283, 880

803262

879204685600

11,2233, 0228, 2012, 7547, 5739,133

54, 90116, 6829, 385

210610379562

1,217

1.1091,4371,510

1.611355385

7. 2971,777

90886

1,227599931842199384362

6542, 6483, 927

11,4602, 7767, 6819. 073

l'; "MO12,3876. 8576. 903

96509311435991474843

1,0141,0141.118

551393

2995, 3835, 4841,086

09794

1,106471596518127105295322

led estinrior to S<rintingparately

54, 849

10, 0369,4227,214

64787

146302

2, 5893, 904

808267

887205087001

11,4703,0288, 4422,7707,6909,143

55, 26010, 8489. 490

211611382571

1,223

1,1241,4531, 528

1 , 637356394

7, 3581.788

88889

1,258602934847199384369

0562. 7343, 935

11.5462. 7787, 6759, 088

1 2, 33812, 5416, 9317 000

98527313454991473851

1,0251,0191.118

557382226308

5. 4075, 5411,111

66796

1,090475

590527128105294318

lates are-pt. 1900)Office, W

- 55, 209

'16,6829, 475

r 7, 207

65788

'145-304

- 2, 749r 3, 924

'•SIS200

r893••207

088002

••11,476r 3, 034r 8, 442r 2, 780- 7, 769r 9, 172

-55,403'16,891- 9, 544

213'609

387579

'1.199

r 1,1351, 4601,541

' 1 , 663'359-399

' 7, 347M.776

'88-890

' 1. 248r 604

r 935-849

199-392

360

059- 2, 716- 3, 930

-11.596- 2, 786- 7, 692-9 ,127

-12,372-12,566- 6. 975- 7, 037

98- 546

314- 467- 964-446- 861

-1,0261,025

-1,133-573-380- 227-315

- 5, 397- 5, 529-1,121

-64797

- 1, 080-475

595-525

129104

-298>-313

not dir<on new

ash. 25,

' 55, 751

-16,862- 9, 540- 7, 322

-059

- 2, 846- 3, 967

55, 509

16, 7599, 45ti7, 303

644

2, 9943, 941

-11.570- 3, 073- 8, 497- 2, 810- 7, 874- 9, 163

- 55. 508-16,915- 9, 548

213- 610-386

580-1,162

-1,132-1,469- 1,552

- 1 , 685- 358- 401

- 7, 367-1,770

-87- 890

- 1,254- 607- 938

S57199

- 400<• 365r 050

- 2. 077- 3, 936

-11,609- 2. 790- 7. 742-9,189

-12,523-12.584- 7, 027- 7. 034

- 97r 570-317

470- 935

- S69- 1.035' 1.039- 1, 136

11,5413, 0948,4472, 8427, 9038, 885

55. 6321 6, 8859, 545

213009387580

1,138

1, 1331 . 4821 . 553

1 , 693301390

7,3401,770

89886

1 . 236000

941X591 99395359

0442. 7493, 906

2*. 7947, 8029, 199

12,4001 2, 557

6, 9427, 043

9S571313475901

8541,0261 , 0351. 131

- 228- 324

- 5. 496- 5. 550-1,176

-65-803

-1,091-483-598'524'130

- 304'321

ictly conbasis areD.C.

22*)313

5, 4645, 51 41,213

057X0

1,061477

597522130

315

iparablein BLS


S-14 SUKVEY OF CURRENT BUSINESS August


1960 | 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar. Apr. May June July v


EMPLOYMENT— Continued

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

United States thous.-Wash D C metropolitan area do

Railroad employees (class I railroads):Total _ _ - do

Index, seasonally adjusted^1 _ _ 1957-59 =100-.

INDEXES OF WEEKLY PAYROLLS!

Construction (construction workers) f 1957-59—100Manufacturing (production workers)! doMining (production workers)! do

HOURS AND EARNINGS!

Average weekly gross hours per worker on payrollsof nonagrieultural estab., unadjusted:!

All manufacturing estab., unadj.! hours..Scasonally adjusted do

Average overtime. do . .Durable goods industries _ do

Seasonally adjusted doAverage overtime do

Ordnance and accessories .doLumber and wood products do __Furniture and fixtures doStone, clay, and plass products. __do _ _Primary metal industries do

Blast furnaces stee^ and rolling mills do

Fabricated metal products doMachinery doElectrical equipment and supplies . do

Transportation equipment? _ doMotor vehicles and equipment doAircraft and parts _ _ __ _ do

Instruments and related products _ doMiscellaneous mfg. industries. do

Nondurable goods industries, unadj do

Average overtime. _ doFood and kindred products . . do.Tobacco manufactures doTextile mill products doApparel and related products doPaper and allied products . do

Printing, publishing, and allied ind doChemicals and allied products doPetroleum refining and related ind do

Petroleum refining doRubber and misc. plastic products doLeather and leather products do

Nonmanufacturing establishments:!Minm0" 9 do

Metal mining doCoal mininc; doCrude petroleum and natural uas do

Contract construction doGeneral building contractors do _Heavy construction. _ doSpecial trade contractors do

Transportation and public utilities:IjOcal and suburban transportation doMotor freight transportation and storage doTelephone communication doElectric, gas, and sanitary services do

Wholesale and retail trade doWholesale trade doRetail trade § do

Services and miscellaneous:Hotels tourist courts and motels doLaundries cleam'n0" and dveina plant5* do

Average weekly gross earnings pet worker on pay-rolls of nonagricultural establishments:*

Al 1 maim faeturing establishments! dollars. .Durable aoods industries do _-

Ordnance and accessories do _ _Lumber and wood products do

Furniture and fixtures doStone clay and o'loss products doPrimary metal industries do

Fabricated metal products.. ..doMachinery doElectrical equipment and supplies do

Transportation equipment 9 doInstruments and related products do _ .Miscellaneous mfe:. industries do

2,243215

8052 88. 6

100. 9106. 695.2

39.7

2.440. 1

2.4

40.739.040 040.639.038 0

40.541.039.8

40.741.040.940.439.3

39.2

2.540.938 239.535. 542.2

38.541.341. 140 839.936. 9

40 441 835. 542 0

36.735.440.735. 9

43 141.539.641.039 040 538. 5

39.938. 8

89. 7297.44

108 6773 71

75. 2092 97

109. 59

98. 82104. 5590. 74

111 5293. 7374.28

2,251220

739281.5

106 4105. 289.9

39.8

2.440.2

2.3

40.839.539.940.739.538 7

40.540.940.2

40. 540.141.440.739.5

39.3

2.540.939.039.935.442.5

38.241.441.240.940.337.4

40.641.435.841.8

36.935.840.336.2

42.941.639. 440.938.840. 538. 1

39. 638.8

92. 34100. 10113.4277. 03

76. 2195. 24

114.95

100. So107. !694. 47

113.8197. 2775. 84

2, 248224

747SO. 7

117. 1106. 492. 6

40.139 92.4

40.640 42.3

SO. 540. 539. 841.440.239 6

41.041.140.3

40. 640.940.740.839.7

39.639.52.6

41.439.440.235. 442.9

38.241.741.841.040.637.9

41. 142.036 841.5

37.736.541.436.8

43. 642. 239. 240.839 i40. 638. 4

39. 639.7

93. 03101.09112. 1979 79

76 0297. 29

116.58

102.09107. 6894.71

112 8797. 1076. 22

2,2652? 0

81.5

120.3105.793.0

40. 040.02.5

40.340.52.3

40.239.539.841.340.339.9

40.740.939.7

40.540.540.940.539.1

39.739.52.6

41.438. 239.935.942. 8

38.141.542. 041.440.738.3

41.641.638.042. 1

37. 936.541. 737.0

43.04!. 739. 641.039.440. 738. 8

40.839. 1

93. 20100.35in. 7678. 21

97. 061 1 7. OS

101. 75107. 1693.69

113.0096. 8074.29

!

2, 271225

75582. 4

125.0107.692.2

40.240 02.6

40. 540 52.5

40. 640.240.941.639 939 2

41.1.40.940.4

40.239.741.140.939.4

39.839 32.8

41.440. 140. 536.543.0

3S.341.541.040. 340 637. 6

41. 141.436. 641.7

38. 537.043. 137. 3

43 342 039. 540.939 340 6liS. 6

41. 138. 7

92. 86100. 441 1 2. 8779 !9

7S. 129S IS

116. 11

102. 34106. 7594. 94

112 9697.7574.47

2, 253220

74582. 0

120.7108. 593.2

39.839 62.8

40.039.8

2.7

40. 940.141.241.340. 240. 2

40.141.039.8

37.834. 141.441.039. S

39. 539 ''

2.941.641.640. 334. 543.1

38. 441.241.640. 940. 836.4

41.041.736. 641.6

37. 435.940. (536. 7

42 942.140. 341.138 840 538.0

3'J 438. 7

92. 73100.00114.1181 00

79 5°97 47

118.19

99. 451 07. 8393. 53

106 90

97 9976.02

2, 254221

743S3. 2

121.8110.593.9

40. 440 22.8

40.940 62.7

41.440. 541.341.340. 339 5

41.141 340. 7

41.341.541.541. 140. 2

39.839 6

2 941.440 840.935. 843.0

38.341.641.740 940.736.7

41 842 137.842 5

38.236.842.537. 2

42 942 340. 141.238 640 637.8

39 939 1

U4. 54102 66! 1 5. 9281 41

80. 1297 88

119.29

102. 75109 0396. 05

117 9998. 6476.78

2,262221

73784.0

110.1112.392.3

40.640 62.9

41.141 22.9

41.639. 441.341.040. 239 1

41.341.240.8

42.744.141.841.340.4

39.939 7

2.841.038 341.436.343.2

38.341.841.641 441.238.0

41 041.337.641 7

36. 535.539. 036.0

43 341.939 741.338 440 637 5

39 (!38 8

95. 82101.39116.90

78 41

80. 1297 17

119.39

104. 08109.1896.70

r>3 83i 99. 531 77.57

i 2, 481i 227

74084.5

95.9112.390. 5

40. 640 42.9

41.341 23.0

41.738.941.740.140.839 8

41.441.941. 1

43. 044. 542.341.340. 0

39.839 72.7

40.940 141. 135.943.0

38.741.640.840 841.838.7

40 742 137.741 7

34.933.836. 534.9

43 042.039.541.039 040 838.3

39 038.7

96. 63105. 32117. 1876 63

81. 3295 04

121. 58

105. 1 6111.8797. 82

125 1399. 9578.40

2, 252222

72178.0

81.3108. 587.8

39.739 82.6

40.340 32.6

41.037.339.038.940.840 7

40.341.340.3

41.241.741.740. 839.1

39.039 22.5

40.236.640.134.542.1

37.941.541.742. 140.738.7

39 941.337.541.0

33.432.134.034.0

42 640. 939.341.238 540.437.7

38.937.9

94. 88103. 17115. 2173 48

75. 6692 97

122. 81

102. 36110 2795.91

118 6699. 1477.03

2, 260223

72078 8

82 4109. 588.4

40.040 32.5

40 640 92 5

41.339.340 239.840 840 6

40.641 640.3

41.041 041.840 539. 1

39.239 52.5

40.037 440 535.942 2

38.141.440.640 740.238.0

40 741 737.641 9

35. 134.438.334.4

42 441.039.440.838 540 337. 7

39 038.0

95. 20103. 53116.4776 24

77. 5994 33

122. 81

102. 72111 4995. 91

117 2698 82

; 77. 42

2. 265223

72379.6 i

87.6110.988.7

40.340 52.6

40.841.02.7

41.638.940.640.241.040 6

40.941.940.5

41.541.641.940.540.1

39.539 92.6

40.237. 740.836. 642. 5

38.541.440.740. 540.638.0

40.941.837.641.9

36.135. 039.335. 5

42 841.039.340.938 640. 537. 8

39 138.6

95. 91104. 45117.3175 08

78. 7695 68

123. 41

103. 48112 7196.39

118 6998. 42

• 79. 00

2, 277224

72880.2

101.2112. 689.7

40.440 89 7

41.141 32 7

41.739.540 640.940 940 4

41.142 140.6

41.842 441.841 040.0

39.640 ?2.6

40 538 040 736. 542 3

38.441.741 341 041.037.1

•*i o41 737 14^ 0

36.735.739.336 2

42 641 239.240 838 540 637 6

38 939 4

96. 56105 22118.43

77 89

78 7698 16

123. 11

104. 39113 6797.44

119 97100 04

1 78. 80

2.284225

73580. 4

r 111. 6'113.2' 90. 3

40.540 62.8

41.141.12.8

41.4MOM

40. 4Ml. 5

39.938 3

41.342.140.7

••42.2M3. 1Ml. 6

40.939.9

'•39.8MO 1'2.8

Ml.l'38.4

40.936.542.4

r 38. 441.8

Ml. 641.241.3

'37.2

r 40 9r 42. 0'35.0

41.9

'38.136. 7

M2. 2' 37. 2

' 42 8Ml . 4

39.4' 40. 8

38 640 637. 7

'39 3r 39. 9

96. 80105. 22117. 16

r 79 59

78. 38' 99 60118. 50

T 1.05. 73'114 09

97. 68

'121 9699.80

[ 78.60

2. 324235

739SO. 0

114.3'115.1

92.0

' 40. 7r 40 5

2.9Ml. 2Ml 0

2.9

Ml.l40.6

Ml.O41. 5

r 40 2

41.7' 42. 1Ml.O

Ml. 8

Ml. 139.9

40.140 02.9

Ml. 1'38 4

41.2'36.8M2. 8

38.3Ml. 8M2. 1

M2. 1' 38. 2

r 97. 27'105. 47'116.31r 81 90

T 79. 95100 43

'119.39

106. 75"114 09' 98. 81

'120 80'100.28' 78. 20

113.3

40.440 42.8

40.841.0

40. 540. 540.541.538. 5

41.541. 740. 6

41.7

41.039.3

39.939 72.8

41.437.740.736. 342.9

38.341.642.1

41.538. 2

96. 56104. 45114.2181 00

78. 57100 85113.19

106. 24112 5997. 44

121 35100. 04

; 77. 42r Revised. r> Preliminary.1 Includes Post Office employees hired for the Christmas season; there were about 225,000

such employees in the United States in Dec. 1961. 2 Based on unadjusted data.cf Effective with Mar. 1962 S U R V E Y , i n d e x is shown on new base period.

fSee corresponding note, bottom p. 3-13. 9 Includes data for industries not shownseparately. §Except eating and drinking places.


August 10(52 SURVEY OF CURRENT BUSINESS


1960 | 1961i

Monthlyaverage

1961

.June July Aug. Sept, Oct. Nov. Dee.

1962

Jan. Feb. Alar. Apr. May June July p

EMPLOYMENT AND POPULATION—ContinuedHOURS AND EARNINGS— Continued

Average weekly gross earnings per worker on pay-rolls of nonagricultural estab.f — Continued

All manufacturing estab.f— ContinuedNondurable goods industries dollars..

Food and kindred products ._ --do _ .Tobacco manufactures - doTextile mill products __ - doApparel and related products do

Paper and allied products doPrinting, publishing, and allied ind._ do.. -Chemicals and allied products doPetroleum refining and related ind doRubber and misc. plastic products doLeather and leather products do

Non manufacturing establishments:!Mining 9 do. _ .

Metal mining _ do ___Coalmining _ _ do __.Crude petroleum and natural gas .do

Contract construction doGeneral building contractors ..do_. _Heavy construction _ do _Special trade contractors _ _ . d o . _ -

Transportation and public utilities:Local and suburban transportation.. ...doMotor freight transportation and storage-doTelephone communication _ - _ .do ._.Electric, gas, and sanitary services. _ _ do

Wholesale and retail trade doWholesale trade. do__ .Retail trade§ _ do

Finance, insurance, and real estate:Banking doInsurance carriers do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants, .do

Average hourly gross earnings per worker on pay-rolls of nonagricultural establishments:!

All manufacturing establishments! dollars..Excluding overtimed1 do

Durable goods industries __ - - doExcluding overtimed1 do

Ordnance and accessories doLumber and wood products _ . -do .Furniture and futures doStone, clay, and plass products _ _ doPrimary metal industries do

Blast furnaces, steel and rolling mills. do

Fabricated metal products _ _ . doAlachinery doElectrical eciuipment and supplier doTransportation equipment 9 do

Motor vehicles and equipment doAircraft and parts do

Instruments and related products doAliscellaneous mfg industries do

Nondurable goods industries _ _ ..do_Excluding overtimed" do

Food and kindred products. _ _ _ _ _ . _ do ...Toha,cco manufactures - doTextile mill products - doVpparel and related products doPaper and allied products do

Printing, publishing, and allied ind doChemicals and allied products doPetroleum refining and related ind do

Petroleum refining doRubber and misc. plastic products. - do.Leather and leather products - .-- do. _

Non in ami facturin g establishments : fMining 9 do

Metal mining doCoal mining doCrude petroleum and natural gas do

Contract construction doGeneral building contractors doHeavy construction d o _ _ .Special trade contractors do

Transportation and public utilities:Local and suburban transportation doMotor freight transportation and storage. doTelephone communication doElectric, gas and sanitary services do

Wholesale and retail trade doWholesale trade doRetail trade§ do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants, .do

r Revised. *> Preliminary.TSee corresponding note, bottom p. S-13..^Except eating and drinking places.'*? Includes data for industries not shown separatelyoTVrived by assuming that overtime hours are pa

80. 3686. 3064. 9463. 6056. 45

95. 37102.80103. 25118 7892. 9760'. 52

105.44111.19110.76103.32

112. 67103. 72114.77118.11

94.82104. 1789. 50

108. 65

70.9891.1362. 37

67. 1587.41

43.8948. 11

2.262.202.432. 36

2.671.891.882.292 813.08

2.442. 552.282.742.812.702.321.89

2.051. 992.111.701.611 592.26

2.672. 502. 893.022. 331 . 61

2. 612. 663.122.463. 072. 932. 823.29

2. 202. 512. 262. 65

1.822 25L62

1.101.24

id at the

82.9289.1669.0365. 0457. 70

99. 45105.05106. 81124. 4296. 7262. 83

107. 18113. 44111.34105. 75

117.71108. 83118.48123. 08

98.24108. 1693. 38

112.48

72. 9493. 5664.01

69.1989.83

45. 5449.28

2.322.252.492.42

2.781.951.912.342 913.20

2.492.622.352.812.872.782.391.92

2. 1 12.052. 181.771.631.632. 34

2.752.583.023. 162. 401. 68

2.642.743.112.533.193.042.943.40

2.292. 602.372.75

1.882.311.68

1.151.27

rate of t

83. 5690. 2574.0765. 1256. 64

100.39104. 67108. 00126 2497. 0363. 29

108.09114.24115.18103.75

119.13110.23121.72124. 02

99. 41109. 3092. 12

1 10. 98

73. 5194. 1964. 90

68. 8289. 57

44. 7550. 42

2.322.252.492.42

2.771.971.912.359 903. 19

2. 492 622. 352 782.852. 742.381.92

2.112 O t2.181.881 . 621 . 602 31

2. 742. 593. 023.182. 391 . 67

2. 632. 723. 1 32. 503.163.022, 943. 37

'2. 282. 592.35

1.882.321. 69

1.131.27

line an 1

84.1690.2571.0564. 6458. 16

100. 58104.39107.90126. 4298. 9063. 58

110.24114.40119.32106. 93

119.76110.23122.60125. 06

98.47108.4293. 46

1 12. 34

74. 0794. 4265. 57

69. 5690. 05

44.8849. 66

2.332.262.492.42

2.781.981.902. 352.923.21

2. 502 622.362 792.852.762.391.90

2.122 052. 181.861.621.622 35

2.742. 603.013.172. 431 . 66

2. 652. 753.142.543.163.022.943.38

2. 292. 602.362.74

1.882.321.69

1.101.27

one-half.

83. 5888.6068.1766. 0259.86

101.05105.33107. 49122. 5997. 8562. 79

108.091 13. 02113.83104.67

122.0511 1 . 74127. 15126.45

99. 16111. 1993.62

112.07

73. 8893. 7965. 23

69. 1990. 34

45. 2148. 76

2.312.242.482.41

2.781.971.912.362.913. 19

2.492.612. 359 812.872.782.391.89

2.102 032. 141.701.631.642.35

2.752. 592.993. 152.411 . 67

2.632.733. 112. 513. 173.022.953.39

2 °92! 612.372.74

1. 882.311.69

1.101.26

33.7489. 4467. 3966. 0956. 93

102.15106.37107.53126. 8898. 7461.88

109. 06114.68114.19106.08

120.431.09. 85121.80126. 25

98. 67111.1497. 53

114.26

73. 7294. 7764. 60

69.3790. 26

45. 3149. 15

2.332. 252. 502.41

2.792 021.932. 362.943.21

2. 482. 632. 352 812.842. 802. 391.91

2.122. 052 1 5L621.641.652.37

2.772.613. 053. 212. 421.70

2. 662.753.12

5! 223.063.003. 44

2. 302. 642. 422.78

1.902. 341.70

1.151.27

NO1from iThe ineach o

84.7789.8469. 3667. 0860.14

101.91105. 71108. 58125. 9398. 4962.76

111.19117.88117.18107.95

123. 00112.98127.08127. 97

98.24111.6796. 64

114. 95

73.3494. 6064. 64

70.1290. 35

47.0850. 05

2.342.262.512.43

2.802.011.942.372.963. 26

2.502.642.362.842.882.822.401.91

2.132.062.171.701.641.682.37

2.762. 613.023.172.421.71

2. 662.803.102.543.223.072.993.44

2.292.642.412.79

1. 902.331.71

1.181.28

'E EOINationaldex is ba' 33 dtief-

85. 3989.7969.3268.3160. 62

1 02. 38106. 09109. 521 26. 46100.1264.98

109. 88115.64116.94106. 75

118.26110. 05117.00124. 20

100.02111.0496. 47

115.64

73. 3495. 0064/13

70. 3190. 58

46.4149. 66

2. 362.282. 542.45

2.811 . 991.942. 372.973.28

2. 652. 372.902.982.832.411.92

2.142. 062.191.811.651.672. 37

2. 623. 043.192. 431 . 71

2.682. 803.11

S! 243. 103. 003. 45

2.312. 652. 432. 80

1.912. 341.71

1.191.28 1

i HETJTndustri

sed on t]located

85.5790. 8072.9867. 8259.95

101. 91107. 97108. 99123. 62102. 8366. 18

109. 891 18. 30117.62107. 17

114.82106. 13111.33121. 80

99. 33111.7296. 38

114. 80

73. 3295. 4764. 73

70.8791. 72

46. 8049. 54

2.382. 302.552.46

2. 811.971.952. 372.983. 29

2. 542. 672.382.913.002.842. 421. 96

2. 152. 082.221.821. 651.672.37

2.792.623. 033. I /2. 461.71

2. 702.813. 122. 573.293.143.053. 49

2. 3 12.662.442. 80

1.882. 341. 69

1.201.28

MVANr

al Confe10 numbthrough

84.2490.4566. 2566.1757.62

100. 20105. 36109. 56128. 4499. 3166. 18

108. 93116.88117.38106. 60

111.22102. 08104. 72119.34

100. 11108. 7995. 89

115.77

73. 9294.1364.84

71.2492.19

46. 2948.89

2.392.312. 562.48

2.811.971.942. 393.013.32

2. 542.672.382. 882.942.842. 431. 97

2. 162.092. 251.811.65

J:S2.782.643.083. 212.441.71

2.732.833.132.603.333.183. 083.51

2.352. 662.442.81

1.922.331.72 |

1.19 |1.29 l

FED A Irence Be>r of helpnit the (

84.2890. 0068.8266. 8359. 95

100. 01106. 68108. 47123. 0297.2864. 98

110.30117. 59116. 94108. 52

113. 37106. 30109. 16119. 37

99. 22109. 4796. 14

114. 65

73. 9294. 3065. 22

71. 2392. 60

46.4148. 64

2. 382.312. 552.47

2.821.941. 932. 373. 013. 33

2. 532. 682.382.862.912. 832.441. 98

2. 152. 082. 251.841. 651.672.37

2.802. 623. 033.162.421.71

2.712. 823.112.593. 233. 092.853. 47

2.342.672.442.81

1.922. 341.73

1.191.28 '

)VERTmrd and-wantedountry,

85. 3290.4572.0168. 5461. 49

101. 15107. 42108. 05123. 3298. 2565. 36

110. 84118. 29117. 69108. 52

118. 05109. 55114. 36123. 90

99. 30110. 7095. 89

115. 34

74. 5095.1865. 39

71. 6292. 62

46. 5349. 41

2. 382.312. 562.48

2. 821.931.942.383. 013. 33

2. 532. 692.382. 862. 912.832.431.97

2. 162. 092. 251.911. 681. 682.38

2. 792. 613. 033. 152. 421. 72

2.712. 833. 132. 593. 273. 139 ()i3. 49

2. 322.702.442. 82

1. 932. 351.73

1. 191. 28

ISINGn. K.

ads publ•e present

85.5491. 1374. 1068. 3860. 96

101. 10107. 90108. 84125. 5599. 6363. 81

110.70.118.01116. 12109. 20

120. 01112. 10116.33126.34

100. 11112.0695. 65

115.46

74.3195. 8265. 42

71.6293 '?0

46 2950. 83

2. 392.31'2. 562. 48

2.841.971.94•2. 403. 013. 32

2. 542. 702.402. 872.942. 842.441.97

2. 162. 09

L 951.681.672. 39

2.812. 613. 043.17•2. 431.72

2. 70•2. 833. 13.2. 603.273.149 q<i3.49

2. 359 79

1>! 442. 83

1.932. 361.74

1.191.29

INDEXDavis &ished ining the

'• 86. 37' 92. 48' 75. 65

69.1260. 59

101.34'•107.90109. 52

"126.05101.19' 63. 98

'109.61'119.28'108.15'108.52r!23 44'114.14'124.07'129.46

' 101 . 58'112.61

96.14'115.46

74.8896. 2265. 98

'71.42r 93. 25

' 46. 77'51.87

2.392.312. 562.47

2.83'1.97

1.942. 402.973.27

r 2. 56'2.71

2. 402 89

'2 .972.842.441.97

2.172.09

' 2. 25' 1. 97

1. 691.662. 39

2.812. 623. 033. 1 72. 451. 72

2. 68' 2 84

3. 09' 2. 59' 3. 24'3. 11

9 C)^

' 3. 48

2. 352 722. 442.83

1.942. 371.75

r 1.19f 1 . 30

, p. S-Bro. A(

one leadarger m<

87. 02' 92. 48' 76. 03' 69. 63r61.09

'103.15107. 62

'110. 77'127.98'104.41' 65. 70

2.392.31

' 2. 562.47

' 2. 83' 2. 00

1.952. 42

' 2. 97

2.562.71

' 2. 41' 2. 89

~~~2.~44~'1.96

2. 172. 10

' 2. 25' 1. 9S' 1 . 69

1. (56' 2. 41

2.812. 65

' 3. 04

2. 481.72

86. 9893. 5674. 6568.3860. 62

104.25107. 62110. 66128.41103. 3465. 32

2. 392.312. 562.47

2. 822. (K)1.942. 432.94

2. 562. 702. 402.91

~~~2.~4T1.97

2.182.112. 261.981.681.672.43

2.812. 663. 05

2. 491.71

6, New series;ivertising Service.ng newspaper intropolitan areas.


S-16 SURVEY OF CURRENT BUSINESS August l!lf.2


1960 1961

Monthlyaverage

1961

June July Aug. 1 Sept.i

Oct. Nov. Dec.

1962

Jan. Feb. ' Mar.!

Apr. May June July


HOURS AND EARNINGS— Continued

Miscellaneous wages:Construction wages (ENR):

Common labor $ per hrSkilled labor do

Farm, without board or rm., 1st of mo doRailroad wages (average class I) doRoad-building com labor (qtrly ) do

LABOR CONDITIONSHelp-wanted advertising, seas, adj.© 1957 = 100.-Labor turnover in manufacturing estab.: f

Accession rate, total-.mo. rate per 100 employees- _Seasonally adjusted* do

New hires doSeparation rate, total .. __ do

Seasonally adjusted* doQuit - - do ..Lavoff _ _ _ _ _. do. _

Industrial disputes (strikes and lockouts):Beginning in month:

Work stoppages _ _ number _Workers involved thous

In effect during month:"Work stoppages number"Workers involved thousMan-days idle during month do

EMPLOYMENT SERVICE AND UNEMPLOY-MENT INSURANCE

Nonfarm placements thous. .Unemployment insurance programs:

Insured unemployment, all programs... doState programs:

Initial claims --_ doInsured unemployment, weekly avg_...do

Percent of covered employment :c?UnadjustedSeasonally adjusted

Beneficiaries,' weekly average thous. _Benefits paid - mil . $ _ _

Federal employees, insured unemploymentthous..

Veterans' program (UCX):Initial claims .. _ do ...Insured unemployment weekly avg doBeneficiaries weekly average doBenefits paid " ...mil. $._

Railroad program:\pplications thousInsured unemployment, weekly avg-.-doBenefits paid mil. $..

2.6994.0311.97

2.6161 2.09

94.2

3.8

2.24.3

1.32.4

278110

1 , GOO

485

2. 067

1,4341, 906

4.8

1.640227 2

33

295452

7.0

31

13.1

2.8274. 190i .99

2. 6751 2 14

85.9

4. 1

2.24.0

1.22.2

281121

1, 360

492

22,481

1,5162, 300

5.6

2, 004285. 2

33

286765

9.0

2291

16. 8

2. 8364.197

2. 666

83.8

5. 03.92.93.64.01.21.7

337171

554240

1, 660

551

2 2, 165

1.2291,991

4.95.3

1.880264. 4

31

266166

9.0

983

17. 6

2. 8514.2151 04

2. 684

82.6

4.44.02.54.14.31.22.3

352102

553177

1, 460

501

2 2, 133

1,5011.958

4.85.3

1,665224.0

32

296056

7.3

10083

12.7

2.8604.223

2.654

86.1

5.34.13.14.13.81.71.7

35584

605157

1 , 320

603

21,905

1.2481,744

4.35. 2

1, 589237.2

31

305857

8.2

2674

16. 2

2.8624.237

2. 692

84.8

4.73.73.05.14.12.32.0

315314

573372

2. 580

007

-M,7i5

1.0811,558

3.85. 1

1 . 374185. 0

28

255253

6.9

19

13.' fi

2.8714.245

932.6742 25

95. 9

4.34.42.74.13. 61.42.0

324

568

2. 480

596

2 1,651

1.2191, 502

3.75.1

1,283180. 9

28

244746

6. 3

1474

13.8

2.8774. 253

2.681

99.1

3.34.01.94.03.91. 12.2

25786

501100

1,500

511

21,816

1, 4061, 662

4.15.1

1,334190. 9

29

224744

6.1

1577

13.8

2.8774.253

2.700

96. 9

2.63.81.44.04.1.9

2.6

14237

36686

855

448

2 2, 174

1, 6582,017

5.04.8

1,577218. 5

31

204946

6. 0

13

13.' 4

2.8784.2571.11

2.6782.15

102. 3

4.14.42.23.93.9

i!265]60

400185

1,040

465

2 2, 659

1,9742. 486

6.2

2, 055314.9

36

245251

7.4

1686

16. 2

i

2.8894.273

2.729

105. 9

3. 54. 12.03.43.9

!:*225

67

330100808

425

2 2. 579

1 . 2862,415

6. 04.5

287?2

36

214949

6. 1

xo13.7

2.8974.283

2.678

106. 3

3.74.3

£03.81.21.0

26098

350136

1.180

511

2 2, 374

1.1712. 218

5. 54 .4

2. 073310.2

34

264947

6. 5

7414.8

2.9014.2831 07

2 25

106. 1

4.04.42.43.63.71.31.6

320125

460155

1,240

577

2 1, 968

1,1471.831

4.53.9

1,688239. 6

29

254545

6.0

4r 64

11.8

2. 9334.316

106. 0

> - 4 . 3"4.3

2.8"3.8'4.1

1.51.6

440195

625240

2, 650

656

2 1,686

1.1331,570

3.93.8

1 . 389215. 0

26

99

4039

4

9. 1

2.9414.321

1:13.33.74.1J . 51.6

410155

650300

2. 880

605

- 1,577

1.0831,469

3.64.0

.31188.9

24

254039

5.4

43

2. 9574. 356

1.06

FINANCE

BANKINGOpen market paper outstanding, end of mo.:

Commercial and finance co. paper, totalt.-.doPlaced through dealers^ doPlaced directly (finance paper) t do

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adin.:

Total end of mo " mil $Farm mortgage loans:

Federal land banks doLoans to cooperatives doOther loans and discounts do

Bank debits:Unadjusted:

Total (344 centers) bil. $New York Citv do6 other leading centers! ..do

Seasonally adjusted:*Tot°l (344 centers) do

NTew York Citv do6 other leading centers! do337 other centers do

Federal Reserve banks, condition, end of mo.:Assets total? mil. $._

Reserve bank credit outstanding, total 9 -doDiscounts and advances -- doU.S. Government securities do

Gold certificate reserves - do

Liabilities, total 9- do

Deposits, total 9 - -- doMember-bank reserve balances do

Federal Reserve notes in circulation do

Ratio of gold certificate reserves to deposit andFR note liabilities combined .percent—

3 ? 0273 4. 4973 1.358s 3. 139

3 4, 795

3 2, 5643649

3 1, 582

236. 691.948. 1

3 52, 984

3 29, 359333

327,384317,479

3 52, 984

3 18, 3363 17, 081328,450

337.4

3 2. 6833 4, 6863 1.7113 2. 975

3 5, 277

s 2 8283 697

3 1.752

259. 3106. 651.9

3 54, 329

331,3623 130

3 28. 8813 16, 615

3 54, 329

3 18. 451317,3873 29, 305

s 34. 8

2,2714, 9361. 4603. 476

5, 242

2, 728595

1, 920

271. 8113.2

54. 3

256. 91 04. 951. 7

100. 4

50, 678

28, 49636

27, 25317, 256

50, 678

17, 69416, 71627, 778

37.9

2, 3014, 9911,5313. 457

5,310

2, 746617

1,947

247. 7100. 649.1

105. 851. 6

101.7

50, 782

28, 62859

27, 42217, 223

50, 782

17, 80016, 85627, 906

37.7

2. 4004. 9461,6173. 329

5, 347

2, 767646

1, 935

100. 951.4

258. 1105. 451.4

101. 3

51,059

28, 83547

27, 69717, 187

51,059

17, 72416, 62028, 034

37. 6

2 422I', 8751 , 7303. 145

5. 352

2, 7S4645

1.922

246. 6100. :>>49. 0

261.8107. 8

5'? 0102.0

51,696

29,21328

27, 79917,099

51,696

18,03817, 10528, 100

37.1

2. 4915.1191.S1K3. 301

5,313

2, 800(579

1,834

2 74. 71 13. 754. 3

272. 4113.6

54 010 t. 7

52, 087

29. 54859

28. 26817,028

52, 087

18, 19416,88828, 229

36.7

2, 5555, 3491, 8683,481

5 252

2,812095

1, 745

272. 6112.554. 2

273. 8115.2

54 4104. 2

52, 933

30. 65639

29, 21010, 710

52, 933

18, 13617, 20028, 814

35.6

2, 6834, 6861,7112, 975

5, 277

2,828697

1,752

286. 6120. 357. 5

114.055 0

104.8

54, 329

31, 362130

28. 88116, 615

54, 329

18, 45117, 38729, 305

34.8

2, 6215, 5561 , 7023. 794

5,320

2. 848716

1, 757

294. 711*161.5

277. 8110.3

58 2109.4

52,311

29,612129

28, 53216, 542

52,311

17. 74916,87228, 536

35.7

2, 5595, 5201. 7623, 758

5,411

2, 868730

1,812

239. 594.349. 0

263. 0103. 354.4

105. 4

52. 547

29. 928139

28, 36016, 530

52, 547

17.85016,80828, 483

35.7

2, 4985.7131,8703. 837

5, 502

2. 899'728

1,875

293. 3124.759. 7

283. 6118. 1

57. 5108. 1

51. 932

30, 224115

29,06116, 336

51,932

17, 95216,97228, 474

35. 2

2, 3925, 6401.8833. 757

5, 594

2, 922"'7191,953

281.7117.258. 0

288. 7118. 159. 1

111.4

52, 739

30. 641120

29, 18216,222

52, 739

18. 20717, 03528, 537

34.7

2. 3455,9171,8694, 048

5. 678

2. 948691

2. 037

295. 6122. 159.8

287. 2119!l57. 6

110.5

52, 654

30, 705131

29, 62216. 158

52. 654

17, 73916,61428, 744

34.8

2.3425. 8641 . 8783. 986

5. 770

2. 968692

2. 109

292. 5122. 659. 4

291. 5119.959 6

112. 1

53, 396

31,26176

29. 66316. 158

53. 396

18, 44517,20629, 021

34.0

52. 908

31.04073

29. 78615.871

52. 908

17. 87S16, SS529. 197

1 33. 7

t See corresponding note, bottom p. S-13

*New series. Data prior to 1961 for labor turnover appear in BLS Bulletin Xo. 1312data prior to 1961 for bank debits will be shown later.

^Insured unemployment as % of average covered employment in a 12-month period$ Monthly revisions prior to May 1961 (Aug. 1959-July 1960 for placed through dealers)

are available upon request.^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.9 Includes data not shown separately.Digitized for FRASER




1960 1961

End of year

1961


1962


FINANCE—Continued

BANKING— Continued

All member banks of Federal Reserve System,averages of daily figures:

Excess reserves mil $Borrowings from Federal Reserve banks.- .doFree reserves - - --do

Weekly reporting member banks of Federal ReserveSystem, condition, Wed. nearest end of yearor month:!

Deposits:Demand, adjusted cf mil. $_.

Demand, total 9 - - doIndividuals, partnerships, and corp doStates and political subdivisions doU.S. Government doDomestic commercial banks _ do _ _

Time, total 9 - - -- doIndividuals, partnerships, and corp.:

Other time do

Loans (adjusted), totalcf doCommercial and industrial __ do - _For purchasing or carrying securities doTo nopbank financial institutions doReal estate1 loans doO ther loans do

Investments, total _ _ doTJ S Oovernnient obligations total do

Other securities do

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

I)i 19 cities percentVow York Citv do7 other northern and eastern cities do11 southern and western cities do

Discount rate, end of year or month (N.Y.F.R.Bank) percent

Federal land bank loans do

Open market rates, New York City:Bankers' acceptances (prime, 90 days) doCommercial paper (prime, 4-6 months) _ _ d oFinance Co. paper placed directly, 3-6 months

percent _ _Stock Exchange call loans, going rate do _

Yield on U.S. Government securities (taxable):3-month bills (rate on new issue) percent. .3 5 year issues do

Savings deposits, balance to credit of depositors:New York State savings banks, end of year

or month mil $U S postal savings ^ do

CONSUMER CREDIT t(Short- and Intermediate- term)

Total outstanding, end of vear or month. _ _ m i l . $..

Automobile paper doOther consumer eoods paper doRepair and modernization loans do _ _ _Personal loan5 do

By type of holder:Financial institutions, total do

Commercial banks. __ _ _ doSales finance companies doCredit unions _ doConsumer finance companies d o _ _ _ .Other do . _ _

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

Non installment credit, total do

Sin ele-pavment loans, total do ..Commercial banks doOther financial institutions do

Charge accounts, total doDepartment stores doOther retail outlets... doCredit cards do

Service credit _ ..do

i 756187

i 669

93,215

" 47747"3,979

35, 386

71, 00932, 150

3, 945

12, 824

40, 75430 54724 94410, 207

3 5. 163 4 973 5 153 5 45

3.004 5 054 6. 00

4 3. 514 3. 854 3. 544 4. 99

4 2. 9284 3 99

21,400770

55, 757

42, 588

17,44411,5253, 139

10 4SO

3(5, 974I f ) , 07211,2283, 9233, 6701.481

5,6152,4141,107

3591,735

13, 169

4, 5073, 884

623

5 329941

3, 952436

3,333 |

i 568i 149i 419

65, 644

97, 95870,118

5, 0024, 033

13, 415

41.603

30. 2255, 945

74, 28532, 797

4, 7056, 159

13, 40321,194

46, 00933 96026, 60912, 109

3 4. 973 4. 763 4 983 5.28

3.004 4 004 5. 04

42.81* 2. 974 2. 684 4. 50

4 2, 3784 3 oo

22, 357651

57, 139

43 163

16, 96011,7713.177

11 255

37, 58016, 84311,0524. 3523,7981 . 535

5, 5832 4211,080

3591,723

13,976

4, 9554, 224

731

5 438948

4, 027463

3,583

61263

549

62, 156

88, 25563, 750

4, 9323,834

10, 925

39, 712

28 6276, 102

70, 17131, 7693,8885 025

12, 89619. 389

42, 93531 97625 00710, 959

4.974 754 955 31

3.004 005.60

2.752.91

2.664. 50

2. 3593 70

21,845700

54, 602

41, 888

17, 06110,9663, 122

10 739

37, 24917,11310, 9154, 1073, 6221,492

4, 6391, 7481,001

3591 . 531

12.714

4, 7434, 090

653

4 474694

3,411439

3, 497

58151

530

62, 381

89, 42764, 044

5,1074, 086

11,201

40, 304

28 8026 389

70, 07231. 4994.1005 066

12, 95019.000

44, 85133 79020 37811 061

3 003 995 60

2. 752.72

2. 504.50

2. 2683 69

21,832691

54, 505

41 909

17, 06310, 9343, 133

10 779

37, 22617,06610, 9034, 1443.6331 , 480

4, 6821 811

993359

1 519

12.596

4 7084, 103

605

4 397

3, 360463

3, 491

60467

537

61, 855

86, 37962, 9354,8473, 568

10. 58(5

40, 660

29, 0306, 415

69, 55131, 4763,6155 044

13, 05519, 408

44, 75033 46426 31111,286

3.003 975. 60

2.812.92

2.644. 50

2. 4023 80

21 857681

54, 739

42 090

17 06110, 9663, 165

10 898

37, 32017, 06510,8864 2073, 6591 503

4, 7691 8961,001

3591 513

12, 649

4 7694,100

669

4 409589

3 327493

3. 471

58437

547

62, 166

90. 35464, 4804,6935, 533

11,022

41,007

29, 2446,512

70, 989231,805

4, 0665 487

13, 13619,699

46, 11434 41426 14911 700

4 994 755 055 26

3 003 985. 60

2.843.05

2. 684 50

2. 3043 77

22 048673

54, 757

42 039

16, 90211,0063,180

10 951

37, 18816,90910, 8824 2333, 6501.514

4, 8501 9791,009

3601 502

12, 718

4 839

4, 129703

4 423623

3,312488

3,463

50765

442

63, 423

92, 65866, 407

5, 0274,071

12, 008

41,209

29, 6216, 406

71,84332, 085

4, 5355, 358

13, 24519, 622

45, 62434 08726, 83311,537

3. 003 985. 60

2.753.00

2.794. 50

2. 3503 64

21, 982666

54, 902

42 181

16, 91311,0853, 183

11 000

37, 19116, 87710, 8664, 2693,6711, 508

4, 9902 0971,014

3591 520

12, 721

4 7784, 125

(553

4 517656

3, 382479

3, 426

622105517

63, 906

91,21666, 183

4, 8943, 41 4

11,820

41. 188

29, 7716,190

71.67032.109

4, 0045 375

13,34719,700

45, 64933 93226 88811,717

3. 004 005. 60

2.752.98

2.744.50

2. 4583 (58

22, 066658

55, 451

42 419

10 96011 2153, 192

11 05l)

37. 24016 83610 8784 3173,6811 525

5, 1792 2131,034

3601 572

13,032

4 8804, 158

729

4 68471 7

3,4984fiQ

3,468

568149419

65, 644

97, 95870,118

5, 0024, 033

13, 415

41,603

30 2255 945

74, 28532, 797

4, 7056 159

13, 40321. 194

46, 06933 96026 60912 109

4 964 774 965 24

3 003 985 60

2.873.19

2.934 50

2.6173 82

22 357651

57, 139

43 163

16 96011 7713,177

11 255

37, 58016 84311 052

4 3523. 7981 535

5, 5832 4'>j1 080

3591 723

13, 970

4 9554, 224

731

5 438Q4S

4,0274fi*}

3, 583

61670

546

64. 362

91,85367, 1405. 2003. 220

11.175

42. 803

30,0106. 553

71.87831.9923,8045 516

13, 42020. 696

46, 65334 47526 82012,178

3.003 945. 60

3. 003.26

3. 054. 50

2.7463 84

22 350642

56, 278

42 846

16, 8781 1 , 6053,131

11 239

37, 55116, 75911 1904 3063,7821 514

5, 2952 2121,057

3591 667

13, 432

4 9064, 203

703

4 892X04

3,614474

3,634

50268

434

63. 104

91,87166, 501

5, 2343, 316

11,167

43. 906

31,0737, 067

72, 88632, 2044,4785, 575

13.49720, 573

46. 04233 51025. 04512, 532

3. 003 995. 60

3. 003.22

3. 004. 50

2. 7523 77

22 420629

55, 592

42 632

16 90011,3803, 099

11 253

37. 46916, 72611 1334 3113, 7831 516

5, 1630 l(]~

1,039358

1 599

12, 960

4 9314, 220

711

4 294635

3,188

3,735

47091

379

62, 229

89,01563, 9364,8484,277

10. 844

45, 055

31,6217, 627

74, 03033, 014

4, 5195, 624

13. 62020, 783

45, 50832 21425, 22613, 294

4.984 784 975 28

3.003 99.". {'.()

3. 003. 25

3.024 50

2.7193 55

22 70169()

55, 680

49 7Q4

17 03911 9563, 084

11 395

37. 50916 77911 0494 3553, 7951 531

5.195

1 01835(5

1 594

12.976

5 ()5f,4. 279

4 191

3,139

3, 729

51069

441

63, 071

93, 06165, 458

5, 7714,744

11,297

45, 670

31 7577,879

75, 93032, 937

5, 4495 700

13, 87421,422

45, 97939 06925 89513 910

3 004 005 60

3 003. 20

3. 094 50

2. 7353 48

99 5706( )0

56 650

43 985

17 34311 3333, 094

37, 96517 0421 1 1214 4493, 8261 597

5, 3209 3391 Oil

3511 619

13,365

5 1 1 14, 390

791

3, 367

3,803

49763

434

61,621

89, 29763, 7055. 4045, 028

10, 357

46, 484

32 0948,344

74, 64732, 8544,1095 636

14,06821,390

46, 01 332 25626 17313 757

3 003 995 60

2.913. 16

2.954 50

2.6943 K - )

99 fi 59

591

57 593

1 7 68311 4233 131

38 45317 31611 199

4 5433, 8301 5 59

5, 440

1 01 1345

1 ^4

13 700

K OQQ

4.42181 7

3, 571

3, 779

470100370

61,472

91.39164, 0224. 8296. 594

10. 072

47, 077

32,5148, 530

75, 90233, 3543, 9586, 039

14, 20821, 543

46, 90432 41826 20614, 486

5.014 785 005 33

3. 003 995.60

2. 903.25

3. 024 50

2. 7193 51

22 931581

58. 277

44 559

18 03311 5553, 156

11 815

39 OH)17 61011 3°54 6403, 8701 559

5, 5499 59-)

1 00833(5

1 683

13,718

4. 439788

4 7'-{Q

3. 635

3, 752

52589

436

62, 451

91,52765,116

5, 1294, 369

11,301

47, 242

33, 0828, 283

75, 73533, 146

3, 6740, 259

14.52521,754

4(5, 58231 63825, 98014, 944

3 00

3.073. 3(5

3.204 50

2. 9453 71

99 979

- --

Ill"""

r Revised. ! Average for Dec. 2 Effective Sept. 1961, data for several categorieshave !>een revised to reflect reclassification of loans: this change reduced commercial andindustr ial loans in Sept. by a net of $135 mil. 3 Quarterly average.

4 Monthly average. fRevised to reflect new coverage and revised classification ofdeposits (for details, see the June and July 1961 issues of Federal Reserve Bulletin}.

cf For demand deposits, the term "adjusted" denotes demand deposits other than do-mestic commercial interbank and U.S. Government, less cash items in process of collection;

for loans, exclusive of loans to domestic commercial banks arid after deduction of valuationreserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).

9 Includes data not shown separately. §For bond yields, see p. S-20.IData are as of end of consecutive 4-week periods ending in month indicated, except

June figure which is as of June 30 (end of fiscal year). % Revised to incorporate new bench-mark data; revisions back to July 1955 appear*in the Dec. 1961 Federal Reserve Bulletin.Digitized for FRASER


S-18 SUEVEY OF CUERENT BUSINESS


1960 1961

Monthlyaverage

1961


1962


FINANCE—Continued

CONSUMER CREDITJ— Continued

Installment credit extended and repaid:Unadjusted:

Extended total mil. $Automobile paper _ doOther consumer goods paper doAll other __do

Repaid total doAutomobile paper doOther consumer goods paper doAll other do

Adjusted:Extended total do

Automobile paper doOther consumer goods paper doAll other do

Repaid total doAutomobile paper doOther consumer goods paper doAll other do

FEDERAL GOVERNMENT FINANCE

Net cash transactions with the public :cf *Receipts from mil $Payments to doExcess of receipts or payments ( — ) doSeasonally adjusted quarterly totals:

Payments do

Budget receipts and expenditures:Receipts total do

Receipts net^ doCustoms doIndividual income taxes doCorporation income taxes doEmployment taxes doOther internal revenue and receipts do

Expenditures, total^f doInterest on public debt doVeterans' services and benefits doNational defense doAll other expenditures do

Public debt and guaranteed obligations:Gross debt (direct), end of mo., total bil. $_.

Interest bearing, total doPublic issues do

Held by U S Govt investment accts doSpecial issues . _ _ do

Noninterest bearing doGuaranteed obligations not owned by U.S. Treas-

ury, end of month bil $U.S. savings bonds:

Amount outstanding, end of month doSales, series E and H doRedemptions _ do

LIFE INSURANCE

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

bil $Bonds (book value), domestic and foreign,

total bil $U S Government doState, county, municipal (U S ) doPublic utility ( U S ) doRailroad ( U S ) doIndustrial and miscellaneous (U S ) do

Stocks (book value), domestic and foreign, totalbil $

Preferred ( U S ) doCommon ( U S ) do

Mortgage loans total doNonfarm do

Real estate. _ doPolicy loans and premium notes doCash __ _ doOther assets do

Payments to policyholders and beneficiaries inU.S., total mil $

Death benefits doMatured endowments __ doDisability payments doAnnuity payments doSurrender values doPolicy dividends do

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

Value, estimated total mil $Ordinary _ _ do _ _Group and wholesale _ _ d o _ _ _Industrial do

4,1091, 4511, 2061,4533,8131,3481,1311,334

8,1917,891

299

8, 3336, 626

913, 8381,8911, 0081,5066,464

773429

3,8081,510

2290.22

2286.822 242. 472 10. 642 44. 35

2 3. 40

2.162 47. 53

.36

.56

2119.582 58. 56

26.4323.59

2 15.9523.64

2 25. 45

24.982 1.7923.12

241.772 38. 79

23.7625.2321.3323.94

676. 5278.856.110.360.2

136.1135.0

6,2014,3491,279

573

3,9991,3151,2071,4773,9511,3551,1861.410

8,1618,728-567

8,3336, 513

883,9331, 7661,0391,5087.039

739445

4,0131,895

2 296. 172 292. 692 249. 17

2 10. 892 43. 5223.48

2 .332 47. 79

.38

.47

734.2298.459.611.164.2

149.4151. 6

6,5704,5151,472

583

4,3471,5151,2361,5964,0421,3871,1991,456

3,9621,2961,1751,491

3, 9621,3541,1881,420

12, 4659,6842,781

<* 24,600« 26,500« -1,900

12, 72810, 831

844,3975,2461,1731, 829

7, 961758446

4, 5792,423

288. 97

285. 67240. 63

10.9645. 043.30

.24

47. 75.37.46

122. 86

59. 866.403.78

16. 033.69

25. 97

4.342.042.24

42.9039. 833.865.551.275.07

739.2307. 5

59.211.763.8

149.7147.3

6, 3004,5691.111

620

3,9051,3651,1131,4273,8851,3621,1451,378

3, 9091, 3001,1841,4253,9371,3641.1831,390

3,7937,902

-4.109

3,7792,982

911,480

520306

1,3826, 322

765422

3, 4531,742

292. 40

289. 00244. 80

10.9344.203.41

.24

47.81.34.42

123. 38

60.226.443.79

16.053.68

26.19

4.382.052.26

43.0539.963.875.541.305.02

653.6261.952.99.9

65.7144.5118.7

6,1874,3011.306

580

4,2341, 3951.2291,6104, 0531,3961,1981,459

4,0381,3021,2121,5243,9941,3621,1971.435

9, 35710, 552

-1,195

8,7136, 367

984,814

3821,8211, r<977, 631

730471

4,0462,434

293. 71

290. 66245. 0910.8145. 573.06

.25

47.87.39.44

123. 90

60.446.443.82

16.123.68

26. 30

4.422.062.28

43.2240.10

3.905. 581.295.06

728.5313. 7

56.411.4

63 1151. 5132 4

6,3914,4371,375

579

3,7891,1681,2001,4213,8391,3271,1591,353

3, 9421,2711,1991,4723,9561,3501,1901,416

10, 2368, 2661,970

24, 90026, 200-1,400

10, 2858,945

904,6793,251

8841,3806,771

727418

3, 8521,777

293. 75

290. 77245. 77

10.8145.012.98

.27

47.89.34.42

124. 41

60.596.393.85

16.143.67

26.45

4.472.072.33

43.3840.253.925.621.305.14

673.4287.252.810.459.9

132.0131. 1

5, 9244,2061,145

573

4,2441,4521, 3001,4924,1021,4411,2211,440

4, 2091.4051,2541,5504,0281,3721,2101,446

3.8729, 385

-5, 512

3,8113,141

1051,614

408241

1,4437,796

713438

4,0672,587

295. 66

292. 71248. 82

11.0143.892.95

.30

47.95.37.41

125. 06

60.866.403.87

16.153.67

26. 67

4.522.082.38

43.5840. 443.945.651.335.18

723.1286. 762.311.665.7

151.7145. 1

6,8984,7771,511

610

4,2751,4021,3271,5464,0371,3551,1971, 485

4,3171,5111,2491,5574,0171,3591,1881.470

8, 5549,218-663

8,0076,424

1064,891

3771,2661,3687. 485

740437

4, 2532,055

297. 01

293. 60249. 3911.0844.223.41

.31

48. 03.36.38

125. 71

61.026.363.90

16.173.66

26.81

4.582.092 42

43.8240. 663.955.681.375.28

711.3292.760.810.962.7

140.7143.5

6,7554,9791.185

591

4,7541,2891, 7501, 7154,0101,2891,1941,527

4,3151,4711,3161,5284, 0511, 3611,2331, 457

8,8688,576

292

25, 30026, 900-1,600

8,9807, 967

883,3633,322

5051,7017,160

781471

4,2581,836

296. 17

292. 69249. 1 7

10.8943. 523.48

.33

47.79.34.71

126. 59

61.056.103.92

16.213.66

26.95

4.782.102.60

44.2441.073.975.721.395.44

967.5320.7

70.011.356.4

163.7345.4

7,5195,0721,921

526

3,7561,3201,0391,3974, 0731,4021,2051,466

4,1941,4741,1851,5353,9791,3801,1471,452

5,9688,726

-2, 758

5,9595, 357

1003,570

466353

1, 4707, 395

803471

4,3161,890

296. 51

293.11250. 8111.3242.303.40

.35

47.78.48.62

127. 31

61.666.313.96

16.233.65

27.23

4.822.112.64

44.3841.213.975.771.285.43

808.9349.174.712.591.0

152.7128 9

6,0393,9051,645

489

3,5661,284

9721,3103,7801,2621,1971,321

4,3021,4961,2811, 5254,0661,3691, 2531,444

9, 5678,967

600

9,7736,729

855,910

4002,0801,2986,858

755449

4,0941,575

296. 98

293. 55250. 8011.2742. 753.43

.37

47.81.36.44

127. 73

61. 856.343.96

16.253.64

27.35

4.862. 122.67

44.4941.303.995.791.285.46

704.3295.656.810.966 3

140.4134 3

5 9254,2331,127

565

4,3011,5741, 1611,5664,2291,4351, 2851,509

4,3631, 5261,2571,5804,0941,3931,2261.475

10, 6858,2632.422

24, 60027,800—3,200

12, 3549.104

1043,7285, 8791,1881, 4567,749

7331449

i 4, 597i 1,972

296. 09

292. 48249. 6811.5042.813.60

.40

47.81.37.48

128. 1 1

62.066.264.08

16.293.64

27.48

4.892. 122.69

44.6441.423.995.831.205.49

830. 8350. 162.911.172 0

156.9177 g

6 8344,8491,364

621

4,6581,6881,2871,6834,0771,3841,2101,483

4, 6251,6061,3821,6374,1081,4031,2171,488

7,0609,074

-2,014

8,1535, 754

995,348

445745

1,5167,289

111438

4,3151,766

296. 95

293. 36251.24

11.4742.123.59

.41

47. 81.35.46

128 57

62. 386 354.06

16.303.63

27.67

4.932 132.71

44 7541.524.015 881.215 41

714.1300. 4

57.611 666 7

141 5136 3

6 3524, 6311. 110

611

4,8581,7871, 3461,7254,2501,4471.2561 , 547

4 5931.6041 3121.677

4.1801 4181 2341 528

10, 8509,1601,690

10, 6587,024

1046 243

4692.2661,5767.229

775r433

r 4 785r 1.241

299. 17

295. 52251.23

11.4644.293.66

.43

47.81.35.46

128 93

62 636 324.05

16 323 62

27.69

4 972 142 74

44 9541 68

4 025 931 225 22

777.5342 0

59 212 867 7

157 2138 6

6 7574,7911, 341

625

4.8301,7551,3581,7174, 1641,4051,2261.533

4 4771 5361 3081 6334.1591 40°1 °301 597

13. 0429. 5033.539

26 80026 800

0

pl3, 315Pll, 566

PlOOP 4, 980P 5, 377P 1,071p 1, 787v 7, 983

p 842p399

p5, 013p 1, 941

298. 20

294. 44249. 50

44.943 76

44

47. 82.3648

6 7044,6661, 463

575

297. 88

293. 92250. 12

43.803. %

.45

47. Sf..36.45

r Revised. p Preliminary. 1 Data beginning Mar. 1962 reflect revised classifications;not comparable with earlier figures. 2 End of year; assets of life insurance companies areannual statement values. JSee similar footnote on p. S-17.

cfOther than borrowing. *New series (compiled by U.S. Treasury Dept. and Bu. ofthe Budget).

HData for net receipts and total expenditures reflect exclusion of certain interfund traitsactions.

" Revisions for 1960-lst qtr. 1961 will be shown later.




1960 1 1961

Monthlyaverage

1961


1962


FINANCE—Continued

LIFE INSURANCE— Continued

Premiums collected (LIAMA):*Total life insurance premiums . . mil. $__

Ordinary doGroup and wholesale. _ -. _do._ _Industrial do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end of yr. or mo.) .mil. $_.Net release from earmark § doExports thous. $__Imports - _do -

Production reported monthly total 9 doAfrica doCanada -- doUnited States do

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

Canada thous. fine ozMexico doUnited States do

Money supply (end of yr., mo., or last Wed.):Currency in circulation bil $Deposits and currency, total do

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

Deposits (adj ) and currency, totalU do __Demand deposits, adjusted^ doTime deposits, adjusted^ doCurrency outside banks do

Turnover of demand deposits except interbank andU.S. Govt., annual rates, seas, adjusted:

Total (344 centers)* ratio of debits to depositsNew York City do6 other centers & do337 other reporting centers do

PROFITS AND DIVIDENDS (QTRLY.)

Manufacturing corps. (Fed. Trade and SEC):Net profit after taxes, all industries mil $

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

mil $Paper and allied products doChemicals and allied products doPetroleum refinins" doStone clav, and glass products doPrimary nonferrous metal doPrimary iron and steel doFabricated metal products (except ordnance,

macMnerv and transport equip ) mil $Machinery Texcept electrical) doElec machinery equip and supplies doTransportation equipment (except motor

vehicles etc ) mil $Motor vehicles and parts doAll other manufacturing industries do

Dividends paid (cash), all industries. __ _doElectric utilities, profits after taxes (Federal Re-

serve) mil $Transportation and communications (see pp. S-23

and S-24).

SECURITIES ISSUED

Securities and Exchange Commission:Estimated gross proceeds, total mil $

By type of security:Bonds and notes, total do

Corporate -. _. doCommon stock doPreferred stock do

By type of issuer:Corporate, totalO -- - - do

Manufacturing doExtractive (mining). do _Public utility doRailroad __do _.Communication doFinancial and real estate . _ do

Noncorporate, totalO doU S Government doState and municipal do

953695136122

17, 767— 165

13727,919

2 91, 600266,600

13, 4003 4, 900

2,1494,786.914

2,8353,7113,3451 32.9

1 263. 213.2i 7.1

1 252. 91 115. 11 108. 5

1 29.4

35.560.034.825.7

4 3, 800*306*82

*26147503719143123236

101246256

*56419435

4 2, 070

4448

2,295

2,12267313934

84617920

2381887

210

1 449659602

994729145120

16, 889

64, 5834,684

12, 9003,600

3,1543,786

.924

2,5973 3, 362

3,524

!33.91280.4

i 1.5i 7.1

i 271.8i 120.5i 121.2i 30.1

38.270.036.826.1

4 3, 8284331

470

42841464511477241364 1224201

4111

42654256

47443724430

4 2, 138

4474

2,958

2,64878527337

1, 096343

22253

15152190

1 8621,021

695

1,004734157113

17, 550254

98, 1181,857

12, 8003,800

7493,648.914

2,8773, 5403,834

32.4265. 6

1.27.4

256.9110.3117.329.4

38.570.537.126. 3

3,96534060

43151566712165137229

138309234

79429376

2,005

a 447

3,494

3,2101, 495

24440

1.779585

11408

13270243

1,715369

1,035

964713143108

17, 5270

1932, 399

12, 6003, 800

2, 8323, 552.914

2, 3943,1^02, 840

32.5267.2

1.36.7

259. 1113. 0117.728.4

38.871.637.326.5

1,901

1,64281.723920

1,07545233

2769

16218

826342463

987725153109

17, 451-23

42,1189.246

12, 5003,800

9923,585.914

2,2243, 6502, 891

32.6266.4

1.36.5

258. 5111.5118.628.5

38.671.137.226.4

2,064

1,88763713145

813288

152201613

133

1,250392603

931693133105

17, 3764

63, 0654,949

12, 1004,500

3, 3972,625

.914

2,3734,3903, 737

32.7271. 1

1.49.3

260. 4112.4119.428.6

38.672.337.426. 5

3,83737784

48137520725183106208

144268234

77206517

2.010

447

1,913

1,695460201

17

678268

15113

077

110

1,235338699

1,002739152112

17, 300—43

70, 0514,009

12, 7003,900

2,5113,316

. 914

3,0543, 4203, 523

32.8272.4

1.36.8

264. 4115.7120.128.7

40.175.638.327.0

4,410

4,100845298

12

1, 15530837

3181926

291

3 2552,564

643

989734148107

16, 975272

14,06811,540

13, 0004, 100

6, 6003, 441.923

2, 6433 5903,816

33.5273. 0

1.26.6

265. 1116.2119.829.1

39.975.338.526.8

2,404

2,17976218441

987233

43672481

183

1 417357789

1.135760148227

16, 889-65

52, 75510, 769

12, 9003,400

1,8965, 1521.033

2, 4242, 8504,297

33.9280.4

1.57.1

271.8120. 5121.230.1

39.873.438.726.8

4,609346100

27174538870151141263

116293350

81599560

2,528

477

2,094

1,784784284

26

1,094330

42211

542

315

1 000341654

1,062790155118

16, 815—64

28, 2242,021

12, 6003,500

1,8423, 1561.043

2,5183,5653,023

32.8276.3

1.36.1

269.0117.0123.428.7

39.870.940.627.8

3, 506

3, 363504141

2

647225

15116

1275

104

2, 8591,589

866

966718143106

16, 79037

30, 89719, 701

11, 4003,200

1. 5389,2491.025

2,0643,2552,643

32.9276.4

1.36.2

268.9114.8125.228.9

38.568.138.427.1

2, 537

2.3S2728146

9

88413913

15317

366126

1, 654361

1.123

1,087813166108

16, 608- 142

52, 84510, 622

12,8003,500

9796, 6531.015

2,5143,8862, 690

33.0278.1

1.37.4

269.4113.0127.628.9

41.778.240.927.7

4.004270

74

1014351979758

143252

118284274

98570396

2, 202

585

1,877

1.669638204

847329

161972021

143

1 030372621

992739146107

16,495—82

14, 0652,228

12,4003 000

5265,6151.015

2,270

2,448

33.2280.6

1.35.2

274.1116. 8128.428.9

42.278.441.728.2

4,078

3 746890217116

1 , 222455

15382

787

155

2 8561 506

877

1,022770144107

16, 434—78

31, 03216, 290

12 3003 400

5215,2031 015

3 214

33 5281 4

1.38.4

271 7112 5129 929.3

41 978 840 828 0

2,155

2,01666912019

80928633

2221264

106

1 346352897

16. 435—60

14,0003,340

9646, 8371 023

33.8284.7

1.410.4

272.9112.2131.329.3

43.080.142.528.6

16, 148

1.035

284.61.36.8

276.4114.6132.329.6

r Revised. 1 End of year. 2 Excludes Republic of the Congo.3 Includes revisions not distributed by months. 4 Quarterly average.*New series; back data are available upon request. §Or increase in earmarked gold (—).9 Includes data for the following countries not shown separately: Mexico; Brazil; Co-

ombia; Nicaragua; Australia; and India.

1fThe 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,

concludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.©Includes data not shown separately.° Revision for 3d qtr. 1960: $417 mil.


S-20 SURVEY OF CURRENT BUSINESS August 196-2


1960 1961

Monthlyaverage

1961


1962


FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission— ContinuedNew corporate security issues:

Proposed uses of proceeds:New money total do

Plant and eQiiipment do\Vorking capital do

Retirement of securities doOther purposes do

State and municipal issues (Bond Buyer) :Long-term __ do „ _ .Short-term do

SECURITY MARKETS

Brokers' Balances (N.Y.S.E. Members CarryingMargin Accounts)

Ca^h on hand and in banks mil $Customer''' debit balances (net) doCustomers' free credit balances (net) do"\Ioney borrowed do

BondsPrices:

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

Domestic doForeign do

Standard & 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 f doSales:

Total, excl. U.S. Government bonds (SEC):All registered exchanges:

"VTarket value mil $Face value do

New York Stock Exchange:Market value doFace value do

New York Stock Exchange, exclusive of stoppedsale5* face value total § mil $

Domestic - doForeign do

Value, issues listed on N.Y.S.E., end of month:Market value total all issues§ bil $

Domestic - doForeign do

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

Yields:Domestic corporate (Moody's) percent—

By ratings:\aa doA a _ __ doA doBaa do _.

By groups:Industrial doPublic utility doRailroad do

Domestic municipal:Bond Buyer (90 bonds) doStandard '& Poor's Corp. (15 bonds) do

U.S. Treasury bonds, taxable O do

Stocks

Cash dividend payments publicly reported:Total dividend payments mil $

Finance doManufacturing doMining _ _ _ _ doPublic utilities:

Communications doElectric and gas ..do

Railroads doTrade - -- do _ _Miscellaneous _ do

Dividend rates and prices, common stocks(Moody's):

Dividends per share, annual rate (200 stocks)dollars—

Industrial (125 s treks) doPublic utility (24 stocks) doRailroad (25 stocks) do._.Bank (15 stock^) doInsurance (10 stocks) do

Price per share, end of mo, (200 stocks) 9 -.-doIndustrial (125 stocks) _ do _.Public utility (24 stocks) do_ —Railroad (25 stocks) do

827

7304722582375

602334

i 3901 3.3171 1, 1351 2. 275

91.4291 ,5681 81

94.6103.986.22

133. 92134. 52

131.65132. 28

112.20105. 88

6.33

108. 48105. 67

1.61

118.691 1 5. 44

1.97

4.73

4.414. 564.775.19

4.594. 694 92

3.513. 734.01

2 13, 5752 2. 0482 7, 047

2 5492 1, 1812 1.588

2 3702 5812 212

5. 596. 032.683.533.974.75

155. 46173.1869.82

f 62. 46

1 073

902628274

7596

697376

i 4301 4 2941 1 2191 3 003

92. 9893 1283. 22

95. 2107.887. 55

168 56162. 82

163 70159 05

136 34130.51

5 83

108. 34105. 50

1 58

116.51113.30

1 . 90

4. 06

4. 354.484. 705. OS

4. 544. 574 82

3 463. 463. 90

2 14, 1542 2 1602 7. 340

2 544

21,28321,692

2 3562 5782 195

5.706. 072. 813.374.215.18

185.66199. 9090. 5568. 26

1, 744

1. 127759368426191

1,035279

4224,0761.2802.815

92. 7392. 8782. 65

95. 0106.887.83

151.26143.98

148.00140. 97

118.28112.74

5. 54

109. 30106. 50

1. 56

117.87114.68

1.89

4.63

4.334. 454. 695.03

4. 544. 524.83

3.543.533.88

1, 986. 3

157.71, 280. 9

109.0

95.8190.263. 459. 030.3

5. 666.012.803. 354. 205. 19

179. 24193. 9085.8766.10

1,049

846560286

•>9

182

463297

4434. 0411.2072,798

92. 7792. 9282. 27

94. 5106. 787. 57

144.00146.49

141.64143. 95

131.56125. 80

5.76

109. 63106. 84

1.55

118. 17114.98

1.88

4.70

4.414. 534. 755.09

4.594. 604.89

3.493.533.90

935. 7

188. 0313.8

9.8

225. 1118.416.955. 28.5

5. 676. 022.813. 354.205. 19

185. 95200. 6488.0665. 90

793

6624342'?831

100

603665

4364,0211.2082. 734

92.4792.6182. 58

93. 9106.586. 27

176.24162. 53

172.12158.75

133.11127.84

5.27

108. 46105. 67

1. 55

117.29114.10

1.88

4.73

4. 454.574.805. 1!

4.614.674.92

3. 543.554.00

372. 9

85. 3133. 5

2. 9

1.8114.8

4. 123.0

7.5

5. 686.022.833.374.205.19

1 89. 30204. 00

92. 7369. 15

658

612402210

1136

699351

4204, 0371 . 227l) 730

9l) 9793. 1282. 57

93. 91 06. 686. 09

137.47133.89

134. 97131.33

111.74106.51

5. 24

108. 00105.20

1. 55

116. 16112.98

1. 88

4.74

4. 454. 594.815.12

4.614. 674 94

3. 493.544.02

2, 008. 8

189. 31,277.0

107.7

96. (I191.257. 959. 829. 0

5. 686. 022.833.374.215.19

187. 49201.55

94. 5068.78

1 199

952641311

40138

643244

4294.0721.2142,710

93 1993 3?83 31

94. 6107. 786. 61

153 52151. 77

150 43148. 44

125 57120. 68

4 88

109 03106. 22

1 56

117 00113 82

1 88

4.73

4. 4?4. 564. 795. 13

4. 604. 664 9()

3 363. 463. 98

987. 4

182. 4350. 0

1(1.9

235. 4118.4

19. 156. 88.4

5. 696. 042.843.384. 215.19

193. 1C207. 2399. 77

! 71. 01

961

908671237

1340

789532

4224, 1801,2132.803

92 679'> 7685 36

94. 9108. 186. 52

162 65164 03

158 28160 65

140 84135 71

5 13

104 75101 86

1 63

113 03109 81

1 91

4.70

4 394. 544. 755.11

4.584. 634 89

3 483.443.98

401. 4

114. 1135. 0

3.5

2.4114.6

1.522.87.5

5.886.332.853.364.255. 19

200. 36213.75103. 91

70. 01

1 071

930506424

7170

669336

4304, 2941,2193, 003

92 2692. 3883. 31

94. 5107. 385. 61

160. 43167.36

154. 50161.12

135. 73129. 09

6.64

104. 63101. 78

1.61

113. 42110. 18

1.93

4.71

4.424. 564.745. 10

4. 594. 624.91

3. 423.494.06

2, 750. 5

400. 51,712.2

1 57. 3

109. 9197.675.962. 135. 0

5. 896. 332. 863.364.255.19

202. 73216. 6999. 3269.10

632

5073261813985

866186

4364. 1451.2252 911

92. 2492 3584. 26

94. 5109. 985. 34

150 81157. 72

146 10152 91

133. 061 26. 35

6 71

105. 52102. 66

1. 62

114.39111. 16

1 92

4. 70

4.424. 554. 745.08

4. 574. 614 92

3. 223.324.08

1,065.4

284.3295. 211.1

235. 4119. 730.977.311.5

5.926. 372. 863. 364.305.19

195.17209. 4095.1470.43

866

792642150

67

1 , 123640

4214, 1001.1902.882

92. 9092 9985. 12

94. 5110.585. 17

136. 69132. 43

131 74127. 77

101.3595. 43

5. 92

1 06. 25103.38

1.61

114.37111. 17

1 90

4.70

4. 424.564. 745.07

4. 574. 624 90

3, 203.284. 09

544. 4

235. 3134.5

3. 0

0 9

115. 54.2

42. 96.8

5.956.41?. 866. 354.305. 19

198. 76212. 1297. 7669. 98

823

709458251

1697

621351

4264. 1171,1542,963

93 8993 9985 80

94. 8111.986.21

143.42144. 94

138. 15139. 49

113. 54104. 74

8 80

107. 40104. 42

1.63

114.39111. 10

1.90

4.67

4.394. 534.715. 04

4. 524. 604. 88

3. 123. 194.01

2,074.4

183. 81.331. 4

109. 0

113.2197. 3

56. 753. 329. 7

5. 966. 412. 913. 354. 305.29

198. 91213. 7898.87

i 68. 60

1 191

1.043787256

71

877442

4194, 1151,1103. 072

94.4094 5086. 04

95.4113.787. 69

134 82135. 58

129 99130. 81

117. 18111.74

5.44

109. 44106. 40

1.68

115.93112. 59

1.95

4. 63

4. 334.494. 665. 02

4. 464.564 86

3.003. Ox3. 89

987.8

188.9340.9

11. I

235. 3123. 320. 557. 99.9

5. 966. 422. 913. 354. 305. 29

! 186.28198. 72

i 96. 451 64.78

793

62744917725

141

897499

4264,0341,2052. 889

93 8093 9184 68

95. 9113.587.87

188 43184. 91

183 01179 ?S

183 17174. 76

8 42

106 74103. 70

1 67

113 79110.42

1 98

4.58

4.284.434. 625. 00

4.424. 504 83

3.243. 093.88

384. 0

91.9131.4

5.2

3.3116.8

5.523. 06.9

5.976.412.973.354. 305. 29

171.39183. 4386. 7962. 00

^760r375

4363. 6371.3742.239

93 0293. 1 384.82

95. 7111.287. 61

246. 49249. 77

238. 82241,24

184. 88176. 26

8. 62

105. 51102. 42

1.74

113.42109. 97

2.06

4.59

4.284.444.625. 02

4.454.474 86

3.243. 243. 90

2 086. 2

167. 61,354.5

108. 5

113.0199. 156. 659. 327. 6

5.976.412.983.354. 305. 29

! 157.34i 168.00i 81.74

57. 19

579237

95. 4110.286. 07

4. 63

4.344.494. 655.05

4. 524.484.90

3.333. 304.02

994. 8

197.4338. 6

10. 5

235. 7123. 8

!6. 959.812. 1

5. 976. 402. 983. 354.305. 29

168.24178.9687. 7258. 27

f Revised. i End of year, 2 Annual total.§Data include bonds of the International Bank for Reconstruction and Development not

shown separately; these bonds are included in computing the average price of all listedbonds.

cf Number of bonds represent number currently used; the change in the number does noafreet the continuity of series.

IfPrices are derived from average yields on basis of an assumed 3 percent 20-year bond.OFor bonds due or callable in 10 years or more.9 Includes data not shown separately.




1960 1961

Monthlyaverage

1961


1962


FINANCE—Continued

SECURITY MARKETS— Continued

Stocks — Continued

Dividend yields and earnings, common stocks(Moody's):

Yield (200 stocks) percent--Industrial 025 stocks) doPublic utility (24 stocks) do _Railroad (25 stocks) doBank (15 stocks) do _ _

Enrnings per share (in dust., qtrly. at ami. rate:pub. util. and RR.,for 12 mo. ending each qtr.):

Industrial (1°5 stocks) dollarsPublic ut i l i ty (?4 stocks) doRailroad (95 stocks) do

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

Prices:Dow-Jones averages (G5 stocks)

Industrial (30 stocks) _ ._Public utility (15 stocks)Railroad (20 stocks)

Standard & Poor's Corporation :cfIndustrial, public utility, and railroad:

Combined index (500 stocks), 1941 -13 = 10. _

Industrial, total (425 stocks) 9 do ...Capital °ood«: (1°3 stocks) doConsumers' goods (193 stocks) do

Public uti l i ty (50 stocks) do...Railroad (25 stocks) do

Banks:New York Citv (10 stocks) doOutside New York City (16 stocks) do

Fire insurance (16 stocks) do

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

Market value mil $Shares sold millions- _

On New York Stock Exchange:Market value mil $Shares sold millions _

Exclusive of odd lot and stopped sales(N Y Times) millions

Shares listed, N.Y. Stock Exchange, end of mo.:Market value all listed shares bil $_Number of shares listed millions. -

3.603.483.845 653.012 92

i 9 622 4. 1 22 4. 80

4. 75

204. 57618 04

91 . 39138. 93

.V,. 85

5<>. 1359. 7517. 2146. 8630 31

26. 2353. 1033.93

3. 768116

3,16380

64

291.496,231

3.073.043.104.943.182.31

! 9. 6124.33- 3 94

4. 06

232. M691.55117.16143. 52

00. 27

0'\ 99(57. 33

60. 2032. 83

33. 75ro. 7845 42

5,317168

4 392108

85

358. 936,752

3.163.103. 265 073. 272 48

9. 904.213. 13

4. 66

2'>9. 53691 . 4 111°. 61111.35

65 62

69. 4867. 4955. 61r,8. 4332. 41

32.9168. 3843. 98

5,174154

4, 293100

73

348. 866,727

3. 053. 003.195. 083.192. 35

4.69

228. 96690. 66114 15137 82

65 41

69. 1 500. ''456 2159. 1231 71

33. 5569. 9844.81

3, 668108

3, 05171

61

360. 386, 761

3. 002. 953. 054.873. 032 19

4.69

237. 8971^.04119.32141.65

67. 79

71 6 < >69. IS58. 7361 . 1 932. 76

35. 6 174. 4747. 19

5. 101149

4, 338104

82

368. 656, 847

I

3.032. 992.994 903. O f )9 22

8 804.273 56

4. 69

237 8^711.02121.20143 23

67. 20

70 8909 7859 S262. 1933 02

3*',. 09! 77 27

47. 10

4,215123

3 54382

64

361 146, 871

2.952.912.854 762 782 10

4.62

241.67703. 01127 69149. 67

6s. 00

71.4269 3°61.2664. 1534 53

30. 7379. 2649 40

4, 624136

3 89890

73

371 996.974

2.932.96

4 802.831 98

4. 59

248. 56721. 74133 "I1 19. 00

71.08

7 4. 7270 91*H. 7707. 1934.30

39. 93S3. 8751.60

5, 282156

4 420103

88

387 357,009

2.912.922.884 862. 752 10

11 644.333 94

4, 64

246 76728. 44131 90143.86

71.74

75. 8170 5865. 0065. 7733 '>i

40. 1083. 5050 97

5,338165

4 467106

82

387 847,088

3 033.043 014 772 942 20

4.59

239 95705. 1 6124 46147. 38

69. 07

72 9968 0661. 7862 6933 77

38 0276. 7947 60

5 203157

4 366103

81

375 207 202

2 993.022 934 792 812 13

4.52

243 07711.95127 45148.61

70. 22

74 2268 3762. 3563 7034 23

39 0975. 7949 24

4 219126

3 54585

66

383 427 269

3 003.002 944 882 972 10

10 804 454 69

4.48

243 36714 21199 84145. 24

70.29

74 2'?

68 0662. 2664 5133 45

38 1073. 4149 71

4 447135

3 70388

68

381 367 302

3 203.233 025 173 262 28

4 45

237 42690 28129 25142.29

68. 05

71 6464 4960. 6663 8639 31

36 1170. 9448 49

3 954114

3 33579

65

357 777 343

3.483.493 425 403 562 59

4.45

221 91643. 71120 03134. 96

62. 99

66 3258 1755. 8658 8430 71

32 3365. 1 143 79

5 367148

4 649105

111

395 787 434

3 793.823 655 863 742 86

11 104 524 98

198 94572 64109 17121. 04

55. 63

58 3250 1848. 9853 3228 05

29 6958. 4538 36

6 728204

6 0341 56

100

298 977 485

3 553. 583 40

3 450 68

4 59

•'03 10581 78113 91122. 75

56. 97

59 0151 0849. 82

">8 ''9

31 0259. 8838 5°

74

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Indexes

Exports of U.S. merchandise.^Quantity 1957-59 = 100. .Value_. doUnit value.. _ _ _ _ _ _ do

Imports for consumption:!Quantity doValue__ _ -_ doUnit value. _ _ _ -- do.__

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

Unadjusted 1952 54-100—Seasonally adjusted _ _ _ do

Cotton fiber (incl. linters), seas, adj .do .._Imports for consumption, total:t

Unadjusted. _ doSeasonally adjusted _ . do...

Supplementary imports, seas, adj do...Complementary imports, seas, adj do

Shipping WeightWater-borne trade:

Exports, incl. reexports! thous. Ig. tons..General imports do

Value tExports (mdse.), incl. reexports, total^f mil. $._

Excl. Dept. of Defense shipments doSeasonally adjusted* . do. _

By geographic regions:AAfrica _ do_Asia doAustralia and Oceania doEurope do

Northern North America do_._.Southern North America.— _.doSouth America .do

108109101

10910899

194

202

103

106102

9,40814,810

1,713.21,634.1

63.8303.939.6

543.8

309. 2139.4174.7

107111103

10710598

v 193

T 172

106

108109

9, 50814,010

1, 739. 51, 672. 0

68.9342.333.4

536.7

303.6121.4185.8

104108104

10610397

15517782

11211595

132

10, 55514,181

1,699.41,644.31,594 9

54. 1336. 326.3

531. 5

330.3114.1173. 3

101104103

11110897

157204231

108121113127

9.41914, 466

1,636.71,558.11,668 0

76.4348. 632.3

439.8

269. 5118.6202.9

103106103

11210998

179221391

113123127121

10, 85915, 184

1,669.41,597.91,659 7

65.2300.638.7

517.5

302.2121.9176.4

101104104

10510398

* 158v 174v 149

102112106116

9, 85114, 188

1,631.01,556.51,667 8

63. 1293.832.5

490. 5

299. 5123.6184.5

116120104

12011697

f 218p 199P 105

109125124126

10, 90415 160

1,889.81,816.81 772 9

78 0324.434.1

603 2

350. 0125.7205.7

111116105

11811598

p223v 188v 124

10111714599

10,41914. 387

1,817.71, 759. 41 716 3

82 5332. 632. 6

573 8

317.9130.7185.2

111116105

11211098

v 213P 173P 121

11410312693

9,38914 681

1,826.91, 777. 31 719 2

77 0389. 630.2

561 0

287.7126 4202.8

100104104

11>111696

7,8734 415

1, 642. 21,591.81 660 0

78 9348.931.0

502 8

272.8109 9160.9

108113105

10810496

1,774.61,712.41 852 1

80 8331.733.1

574 1

273.8114 5164.5

112117105

193118

96

1,844.91,783.21 632 1

86 7341. 132.9

584 5

310.8126 5187. 5

1, 881. 21. 798. 81 794 6

94 8337.440.2

557 6

352.2117 7182.7

1, 972. 51, 892. 41 774 7

79 7352.841.6

581 0

379.6134 9176.0

1, 970. 41, 894. 11 OKO Q

r Revised. P Preliminary. 1 Quarterly average at annual rate.2 For 12 months ending Dec.cfNumber of stocks represents number currently used; the change in number does not

affect continuity of the series. 9 Includes data not shown separately.^Revisions for Jan.-Dec. 1960 (prior to May 1961 for indexes rebased to 1957-59=100) will

be shown later.

§Excludes "special category" shipments and all commodities exported under foreign-aidprograms as Department of Defense controlled cargo.

^Includes grant-aid shipments under the Dept. of Defense Military Assistance Program,as well as economic aid shipments under other programs.

*New series. Revised data prior to 1961 may be obtained from Bu. of Census reports.AExcludes "special category" shipments.Digitized for FRASER


S-22 SUEVEY OF CURRENT BUSINESS August 19(52


1960 1961

Monthlyaverage

1961

June July Aug. Sept. Oc-t. Nov. Dec.

1962


FOREIGN TRADE OF THE UNITED STATES— Continued

FOREIGN TRADE— Continued

Value t— Continued

Exports (mdse.), incl. reexports — ContinuedBy leading countries:

Africa:United Aral) Republic (Egypt Reg.) mil. $__Republic of South Africa do

Asia and Oceania:Australia including New Guinea doState of Singapore doIndia doPakistan doJapan - doRepublic of Indonesia doRepublic of the Philippines do

Europe:France doEast Germany - do _ -^Vest Germany doItaly doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada do

Latin American Republics, total 9 doArgentina doBra/il doChile doColombia doCuba doIVTexico do_ ._Venezuela do

Exports of U S merchandise total^I doBy economic classes:

Crude materials doCrude foodstuffs - - do__ .Manufactured foodstuffs and beverages. _ . doSemimanufacturesc?1 - doFinished manufactures cf do

By principal commodities:Agricultural products total 9 do

Fruits, 'vegetables, and preparations — doGrains and preparations doPackinghouse products doTobacco and manufactures/^ do

Nonagri cultural products total 9 doAutomobiles parts and accessories doChemicals and related products! doCoal and related fuels - doIron and steel products do

[Machinery total §9 doAgricultural doTractors, parts, and accessories doElectrical do]VIetalworlcing§ doOther industrial do

Petroleum and products doTextiles and manufactures do

Goner/il imports total O doSeasonally adjusted*© do

By geographic regions: OAfrica doAsia doAustralia and Oceania doEurope doNorthern North America doSouthern North America - doSouth America - do

By leading countries: OAfrica:

United Arab Republic (Egypt Reg.) ...doRepublic of South Africa do

Asia and Oceania:Australia, including New Guinea --doState of Singapore - do _ _India doPakistan -do _ .Japan doRepublic of Indonesia -- do-Republic of the Philippines do

Europe:France doEast Germany doWest Germany _ - _ do_Italy doUnion of Soviet Socialist Republics doUnited Kingdom ._ do

12.623.1

32.33.4

53. 414.2

111.87.2

24.8

48.5.3

89.254.23.2

117. 6

309. 1

289. 829.235.916.2

20.518.668.345.9

1,696.5

215. 7137.193.1

294. 5956. 1

402.782.332.4

137.925.139.7

1,293.8108.1140. 530.273.2

360. 512.132.385.230.8

178.839.957.8

1,251.5

52.2226. 8

22.2355.6262.9127.2202.9

2.616.7

11.91.6

19.03.0

95.718.025. 6

33.0.3

74.832.8

1.982.7

13.519.0

26. 63.9

40. 216. 3

144. 911.227 7

47.1.2

89. 6

66. 23.6

94.2

303. 6

281.735. 340. 518.920.4

1.166. 442. 5

1,719.0

212.2158. 196.4

273.9978.4

419.1

73.732.9

157. 827.441.6

1,299.998.6

143.829.268.7

394.712.029.993.540.0

188. 637. 156.8

1,226.7

55.8215.226.7

345. 8272.4113.8196. 7

2.917.4

15.41.2

21.03.1

87.913.626.4

36.3.2

71.331.3

1.975.1

8.513.9

19. 53.8

36. 512.3

154.36.7

34.3

47.0(086.366. 39.9

73.8

330. 3

261.331 . 142.014.620. 5

.562.937.6

1,678.3

166. 2144.495. 2

290. 5982. 0

348. 636.737.2

130. 731.030.0

1,329.791.4

139.633.788.3

391.114.329.795.138.4

185. 638.353.2

1,232.01,177.2

64.5202. 7

27. 7335.1285.3127.3189.4

11.712.3

15.11.6

19.72.9

81.212. 526.6

38.2.3

69.529. 53.1

72.2

13.421.9

24. 43. 6

55. 211.1

144.18.6

29.1

35. 0. 1

72.353.8

(i 570. 1

269. 5

298. 035.450.122.223.2

.664.841.2

1,617.0

166. 2139.691.0

279.3940. 8

350.445.433.2

135. 133.731.4

1,266.692.6

149.727.273.3

390.810.627.386.441.0

189.436.549.2

1,285.31,366.4

80.0231.435.7

356.3282.2118.8181.0

13.419.8

18.1.8

23.02.6

92.614.533.3

42.6.3

73.631.51.5

86.6

11.717.4

32.84.3

29.211.2

139. 510.123.6

43.32

88' 663. 03.8

84.9

302. 2

274.332.737.517.016.3

.168. 646. 7

1,649.9

226. 2135. 190.8

266. 4931. 3

391. 489. 430. 9

133.825. 635. 6

1,258.581.2

142.138.469.3

374. 3

9.027.094.340.6

178.441. 753. 8

1,251.81,261.3

52.1242. 633.4

334.6301.199.1

188.9

.913.5

21.92.6

18.02.5

107. 314.531.0

40. 8.3

65.336.81.3

73.5

8.415.9

27.43.8

24.613.4

132. 512.223.7

44.9(082.255. 9

2109'.!

299.5

283.235.636. 518.7

21.00)67.344.6

1,614.3

202. 5145. 979.5

249.9936. 4

371.344.831.6

139.324.776.1

1,243.085.8

139. 237.367.2

378.67.8

28.889.938. 1

186.134.053. 9

1,197.11,280.3

45.9220.929.5

327.6283.690.3

199. 2

.418.8

16.71.7

17.83.3

94.314.028.3

35.5.2

67.929.43.3

70.7

18.616.1

28. 63.5

38.214.3

133.313.529. 3

43.82

ios! i62.8

.5129.2

349.9

306. 549.039. 119.119.2

.170.448.1

1,866.8

249.3189.4119.8272.7

1, 035. 6

501.543.049. 5

181.330. 082.3

1.365.3105.4148.136.271.3

422.18.8

32.9104. 439. 5

207.537.359.9

1,358.61,317.7

53.2244. 528.2

420.9316.193.3

201. 4

.522.9

15.4.9

18.71.9

99.512.927.4

49.8.1

81.840.12. 2

102! 4

18.216.2

27.34.7

29.918.9

135. 26.9

36. 3

45.8.5

95. 0

66.0.5

103.9

317.9

286. 440.730.619.817.7

.170. 943.3

1, 797. 9

250.2180.9106.6262. 4997.8

490.158.835.1

179.130.864.6

1, 307. 8107. 3141.433.066.9

400.49.4

24.5105.140.7

187. 538.260.4

1,342.21,310.7

46.3235. 327.3

414.8310.8111.7195. 2

.619.4

18.3

3L42.2

99.614.815.5

44.0.2

82.838.71.8

84.0

18.017.5

25. 34.7

46.732. 6

155. 311.223.2

47.2. 1

94.163.7

.4100. 9

287. 6

302.034.840.820.2

26. 6.1

69. 652. 0

1,806.9

232. 1178.8104. 7280. 9

1, 010. 4

469. 577. 532.9

186.426.843.9

1,337.5107.9148.027.866.2

402.610.223. 595.049.7

189.133.360.6

1,294.91,296.5

40. 5236. 622.6

377. 5278. 8113. 5223.9

16'. 5

17.11.6

24.83.7

94. 017.225.6

39.4.1

70.633.2

.983.2

25. 015.2

28.24.2

44.920.7

134.311.720.3

47.40)74.559.9

78". 8

272. 7

246. 837.430.813.417.4

.255. 834.6

1,617.2

164. 5146. 9107.3250. 2948.1

376.854.629.9

157.921.923.7

1,240.498.9

142. 621.257.3

387.310.626.391.936. 1

192.033.049.0

1, 372. 61,320.1

64.1243.832.4

379.9275. 5149.7226.9

.827. 9

22.93.4

21.04.4

107.513.020.7

42.4.5

67.632.41.2

81.9

24. 119.2

27.43.8

29.812.2

134.29.6

21.0

56.00

93.571.22.7

100. 3

273.8

254.4

33. 630.017.020.30)62.035.7

1,753.6

167. 5175. 8108. 2252. 9

1,049.1

411.353. 530.4

190.324. 527.2

1.342.3110.4142.325.050.9

403.212.028.590.347.7

194.631.355.2

1,224.21,314.1

57.2201.426.4

367.3241. 8129.4191.2

3.018.3

16.41.8

20.45.7

77.812.415. 5

39.8. 1

76.331.3

.674.5

22.219. 4

27. 52.9

43.19.5

132. 011. 123. 2

50. 6. 1

102.3

76.72

9ll 3

310. 8

279. 642.932. 515.323.6

. 159. 341.9

1,822.5

171.2176. 0122. 3255.5

1,097.4

428. 055.034.5

188.223.531.9

1,394.5112. 5153. 026.048.6

440.614.330.299.148.1

217. 233.063.1

1, 385. 91, 330. 1

56.9227. 651. 5

398. 5292.5137.8220. 1

2.017.1

33. 61.1

20.34.5

103.99.5

21.6

35.6.5

81. 339.01.6

85.4

•>8 821. 5

34. 83.7

47.617.8

115.515.323. 1

55. 6.1

91.957.3

_ 285. 3

352. 2

273. 140. 529. 414 222.6(053. 650. 1

1.857.4

161.8176.9107.7254. 9

1,156.2

410.942. 630.7

182.425. 032.8

1.446.5119.8158.428. 349.0

462. 016.534.4

113.839.1

220.039.863.2

1, 333. 21.374.2

85.8241.9

29.2376.9292.7123. 7182.3

5.827.0

19.5.9

26.94.0

106.212.427.1

33.2.4

76.933.01.7

82.4

23 915. 1

35.14.4

60. 823.5

116.88.7

22.5

59.9

10L 1

60.74 3

84.3

379.6

283.4

32.642.012.321.90)74.837.4

1.946.2

193.1214.9127.7257. 0

1, 153. 6

473.350.437.8

217.631.531.2

1, 472. 9121.9155. 237.554.6

477.017.638.5

117.946.6

219.538.258.0

1.453.51,385.0

67.8265.927.2

416.3326.0141.6207.2

2.622.7

16.2.9

22.03.1

113.712.937.4

38.1

80^737.5

.993.7

204. 1189.8127.8264.3

1,162.6

1, 350. 21,345.8

61.7242.634.2

362.8339.3109.7198.7

3.216.9

19.1.8

16.12.3

116. 712.331.2

34.79

75.936.2

1.279.1

•• Revised. ' Less than $50,000.^Revisions for individual months of 1960 and for Jan. 1961 will be shown later.9 Includes data not shown separately. ^See similar note 011 p. S-21.cfData for semimanufactures reported as "special category, type 1" are included with

finished manufactures.

AManufactures of tobacco are included in the nonagricultural products total.§Excludes "special category, type 1" exports. *New series. Data prior to Aug.

1960 may be obtained from Bureau of Census reports. O Effective with the Apr. 1962SURVEY, the import totals and appropriate components reflect revisions to include uraniumore and concentrates. For certain recent months, the data by regions and countries excludeimports unidentified by area of origin.Digitized for FRASER




1960 1961

Monthlyaverage

1961

June July Aug. Sept. Oct. Nov. Dee.

1962


FOREIGN TRADE OF THE UNITED STATES—Continued

FOREIGN TRADE— Continued

Value! — Continued

General imports, by leading countries©— Con.North and South America:

Canada _ __ . mil. $._

Latin American Republics, total 9 do _ _ .

\r°entina doBrazil do _Chile --- doColombia doCuba do _ _iVlexico doVenezuela do

Imports for consumption, total O doBy economic classes:

Crude materials doCrude foodstuffs doManufactured foodstuffs and beveraces do

Finished manufactures _ do -_By principal commodities:

Agricultural products total 9 - do. _

Cocoa (cacao) beans, incl. shells. . do_ ..Coffee do .Rubber, crude, including guayule. do_ __Sugar _- -do _Wool and mohair, unmanufactured do

Nonagricultural products total 9 do

Furs and manufactures doIron and steel products doNonferrous ores, metals, and mfs. , total 9

mil. $--Copper, incl. ore and manufactures. _ do. _Tin, including ore . -- do_-

Paper base stocks do __Newsprint doPetroleum and products do __

262.8

294.0

8.247.516.024.929.836.979.0

1,251.2

281.3143.4130. 5257 6438.3

318.6

11.983.626.842.316.4

932.5

9.144.2

95.633.49.8

28.057.3

128.6

272.2

267. 8

8.546.815.423.0

2.944.974.9

1,219.0

262.7143.0133. 5257 0422.9

307.5

13.380.318.038. 116.5

911.5

8.437.7

89.123.29.9

27.757.2

134.7

285.0

271.6

10.140.617.829.24.3

56. 068.0

1,201.1

253.2149.7136. 3251 3410. 6

314.8

17.991.518.237.216.1

886 3

6.739.9

78.018.77.9

30.259 3

120. 1

281.9

249.9

8.937.718. 621.63.4

44.463. 8

1,259.0

273.0132. 6141.8256 9454. 7

314.4

20.872. 118.649.719.1

944.7

5.841.5

89.217.113.225.356 0

137.9

300.7

244. 3

8.753. 311.920.52.3

37.869.5

1,266.7

277.0138.0147.4251 7452. 6

334.3

13.777.818.546.415.0

932 4

4.343.9

86.120.611.030.758 7

123.8

283.4

250. 1

8.957.38.1

21. 94.0

31.271.2

1,196.5

265.9130.5135.2250 0414.9

297.2

7.379.216.1or 0

15.4

899 3

5.240.4

89.519.713.728.155 4

131.7

316.1

253.2

9.056. 514.824.13.1

35.565.0

1,353.8

294.5141.9153.7281 3479.4

320.6

4.578.822.840. 619.2

1 033 2

4.446.0

113.228.013.931.058.4

130.2

310.6

263.8

7.345. 318.518 72.8

42 872.7

1,336.9

273.8132 0163.0289 6478.6

305.4

2.766.621.034.714.5

1 031 5

7.451.9

110.530.912.630.063 9

136.7

278.8

296.8

5.856.916.821.22.5

49.788.3

1,272.7

271.8148.8131.2275 9445. 0

301. 5

5.387.221.734.614.4

971 2

21.039.1

103.222.813.227.956 5

143 3

275.3

323.3

7.154.624.817.93.7

60 792.9

1, 353. 6

291.0159 8125. 1310 9466.9

326.0

14.892.722.227.320.1

1,027 6

16 445.0

111.028.211.829 055 9

173 8

241.7

279.6

7 347.512.919 62 1

56 477.5

1, 207. 8

257. 4158 5104. 2261 7426.0

300.0

11.194.218.522.518.0

907 9

15.238.6

85.221.97.6

30.948 5

139.7

292.4

315.4

9.640.022.218.5

.657.893.1

1, 368. 8

281.2146.4150.2305 0486.0

328.7

12.475.116. 536.520.7

1, 040. 1

11.746.1

100.125.612.930.156 0

153.4

292.6

264.4

10.239.011.4

18.30)61.279.6

1, 325. 6

267. 3153. 9133. 8287 3483. 4

313.0

17.275.418.538.216.1

1,012 7

10. 543.9

101. 522.111.029. 154 6

133.8

325.7

307.8

8.042.027.724.4

.259.179.1

1,412.7

286. 8155. 4160.8299 9509.8

337.2

12.683.421.158.315.7

1,075 6

8 956.6

101.023.612.530.461 7

140.2

339.1

267. 9

9 735.119.620 40)38 884.7

1, 320. 6

288. 7127.1144.3270 9489.6

288.3

16.763.916.046 716.3

1 032 3

6 251.4

90.124. 08 9

30 463 9

141 3

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Scheduled domestic trunk carriers:Financial operations (qtrly.* avg. or total):

Operating revenues, total 9 _ mil. $_.Transport, total 9 do

Passenger doProperty doU S mail do

Operating expenses (incl depreciation) doNet income (after taxes) do

Operating results:Miles flown (revenue) - thous_.Express and freight ton-miles flown doMail ton-miles flown doPassengers originated (revenue) doPassenger-miles flown (revenue) mil-

Express OperationsTransportation revenues thous. $__Express privilege payments do

Local Transit LinesFares, average cash rate§ cents..

Operating revenues (qtrly. avg. or total) mil. $_.

Class I Motor Carriers (Intercity)Carriers of property (qtrly. avg. or total):

Number of reporting carriersOperating revenues, total mil. $__Expenses, total __do - .Freight carried (revenue). - - .mil. tons-_

Carriers of passengers (qtrly. avg. or total):Number of reporting carriersOperating revenues, total _ _ mil. $__Expenses, total do _ _ ,Passengers carried (revenue) mil--

Class I Railroads

Freight carloadings (AAR).-d'1Total cars thous

Coal . ._ doCoke doForest products doGrain and grain products do

493.5489.1443.430.011.7

484.61.1

60, 41931,71811, 0663,8542,450

30, 70510, 420

18.9

351.8

39651,212.11,181.2

71.2

3141115.4100.957 2

2 53744334

159232

514.8509.6461.232.212.9

512.4d 6.0

57, 45037, 12212, 2473,8102,475

30, 7379,760

19.6

348.9

39651, 234. 41, 185. 4

71.6

3 141120. 5104.856.3

2 38242429

156237

534. 1527. 3479.931.812.3

511.24.4

60, 31338, 11611,7814,2812,826

31, 02211,576

19.5

349.4

9811.223.21,158.3

71.7

140118.9103.855.4

2 86247034

183295

61,74233. 66210,6293,9372,678

26, 1038,719

19.6

r 2 173

32925

r 139r 255

62, 75039, 77512, 1044,2282,807

32, 1029,797

19.6

2 367421

28159234

539.8536.1486 333.412 3

531.9d3.3

58, 84641 , 00211,7673, 8582, 543

31, 4669,974

19.7

327.0

9731,273.61,206.3

73 9

141145.4114.861.2

2 95153738

190245

60, 26243, 53612, 5204, 0292,544

33, 07910, 803

19.7

2 58045531

157244

57, 56342, 18012, 5703,8392,367

31, 86710, 266

19.7615

2 31043431

146213

524.7519. 4465 535.415 0

527 5d8. 0

56, 50144, 70517, 1863,7862,537

36, 49311,614

19.761 5

368.4

9651,334.81 286 3

77 1

141119 4104 357 3

2 6io52439

169

268

59, 72639, 43912, 6963,9742,621

19.8613

2 03941034

129224

54 55637, 54012 1403,5912 344

19.8554

2 14141336

153227

62, 74545, 58814, 3594, 1062,677

289,9132 26 277

20.0619

340 7

9 720497

44191264

61 75443, 38113 4224,2962 746

20.0610

9 25039933

147206

20,1639

2 33q41027

157196

20.1580

2 88554029

185248

2 04326119

138916

2 Quarterly total.r Revised. * Deficit. 1 Less than $50,000.carriers filing complete reports for 1961.

I See similar note on p. S-22. O See similar note on p. S-22.shown separately.

Number of §Revised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 populationof 25,000 or more; revisions for 1960 are shown in the Nov. 1961 SURVEY.

9 Includes data not c^Data for June, Sept., and Dec. 1961 and Mar. and June 1962 cover 5 weeks; other months,4 weeks.Digitized for FRASER




1960 1961

Monthlyaverage

1961


1962


TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

Class I Railroads— Continued

Freight carloadings (A AR) of— ContinuedLivestock - - thous. .Ore d o _ _ -Merchandise 1 c 1 do

Freight carloadings, seas. adj. indexes (Fed. R.^tTotPl 1957 59—100

Coal <1o_ _.Coke - - doForest products do __Grain and grain products doTvivcstock doOre - -- do.. .Merchandise 1 c 1 doMiscellaneous - do

Financial operations:Operatin° revenues total 9 - mil. $ _

Freietit lo ...Pa^sen<rer ^o

Onoratincr expenses loTax normals and rents loVet railway onerntine. income loVe^ income (after taxes1 lo

Operating results:Freight carried 1 mile (qtrlv.1 - - - Ml. ton-miles_.Revenue per ton-mile fotrlv avg.) cents _Passengers carried 1 mile, revenue Cqtrly.)- mil-

Waterway Traffic

Clearances, vessels in foreign trade:Total V S port^ thous net tons

Forei<rn vessels doUnited States vessels - _ . _ d o . -

P an am a Canal:Total thous. In. tons

In United States vessels do. ._

TravelHotels:

Averace sale per occupied room dollarsRoom^ occupied 9r of totalRestaurant sales index same mo 1951 = 100 -

Foreign, travel :U S citizens- Arrivals __ thous..

Departures _ _ _ d o _ .AlienS' Arrivals _ do_ _.

Departures doPassports issued and renewed - , d o _ _ _

National parks visits doPullman Co.:

Passenger-miles (revenue) mil _Passenger revenues thous $

COMMUNICATIONS

Telephone carriers :Operating revenues 9 mil. $__

Station revenues doTolls, message - - -do

Operating expenses (before taxes) doNet operating income _ _ ._ doPhones in service end of year or mo mil

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

Operating revenues _ _ _ _ .thous, $ _Operating expenses, incl. depreciation doNet operatin0" revenues do

Ocean- cable:Operating revenues doOperating expenses, incl. depreciation .._ doNet operating revenues do

Radiotelegraph :Operating revenues doOperating expenses, incl. depreciation . doNet operating revenues do

22184151

1 309

1 95909199

10183

107

90

793. 1669. 0

53 4630 51 1 3. 848. 837. 1

3 147.03 1.403s 5. 315

13,89311,2802, 007

5. 2061,080

9 1565

115

1691671088971

2,217

2804.488

696. 5392.6236.5418.3116.665.0

21, 86419, 4951,300

3,0142, 470

225

4,2243.324

747

19145121

1 252

' 91877895

10471836192

765, 8644. 9

52. 100(5. '2114.844.831.9

3 144. 53 1.3743 5. 073

14 07311.4112 W>

5, 445823

9 2362

112

1741681119371

2. 323

2544, 192

740.7414.4252. 0441.4126.667.6

22, 14420, 004

1,029

3,0232,452

240

4,4713.443

866

14244140

1 482

92878394

11162786292

796. 4670. 6

58. 1613.6123.4

59. 443 ^

1 14. 11.3814. 929

14 ^1511,9392, 276

5, 757788

9.4564

115

187258110111105

4,020

2514,111

742. 4414.3254. 6440.0127.066.1

23, 16320, 121

1. 785

3,1642, 427

436

4,5283,459

912

11r 212

1061 095

91879096

9769846093

754. 2629. 358 7

606. 6111.935. 620 4

14 74011 9402 800

5, 626691

8 5854

105

23126312411376

6,674

2433,957

730.2409.3245. 6430.2133.066.3

20, 64519, 876

*S97

2, 8772,423

102

4.2433,478

608

14223114

1 174

92899398

10471876092

82 469 .9

5 902 . 012 .274. 659 7

15 52112,4913, 030

5, 663907

9 6061

109

29920013810869

6, 438

2554. 155

753.8414.2264.3447.6128. 066. 5

23,01320, 6271,241

3, 0352, 465

247

4,6523, 543

959

28263141

1 509

90899397

9668905891

658. 347.9

090. f)113.460. 841 5

149. 01.37!)5 675

14 54111.6862. 855

5. 021851

9 4765

111

223166149112

2,818

2'»3.642

741.9416.3250.4441.9124.866.8

22, 28819, 9821,291

2,9142,521

58

4,4123,496

744

36202111

1 3^1

94908899

10474925696

R43. 3721.0

47. 1623. 9129.889. 773 1

15 05612 0403,016

5, 283795

10 0471

111

164137127100

401,802

2584, 259

767. 0424.3264. 8457.3131. 467.1

22, 58720, 0201.689

3, 1252,721

49

4, 6813, 2091,258

24144103

1 214

959286

100

9772

118

96

799 6081. 1

47 '>607. 1121.0

57 7

14 91312 0052. 908

5, 233839

9 7263

109

1331101018638

874

2203,615

762. 9424.4259.3452.3131.567.3

21, 48319, 878

797

3,0832,406

351

4, 5313,467

892

1785

1171 397

96909292

11664

1035797

770 8626 4

00 3614.2

99. 557 f>69 6

'52 81 3604, 943

13 75311 0452, 708

5 900'927

8 8149

111

128136999934

562

2694.432

771.6428.8264.4459. 1134.567.6

22, 41120,074

1,770

3,1862,113

723

4,7313,711

845

136288

1 079

94889993

11163

1005495

5. 465865

9 0061

109

139138977157

4 557

776. 9430.8267.8461.4131.167.9

22, 09320, 106

598

3,2762,582

344

4,6323,534

928

116296

1 142

979098

10411064

1125398

_ _

5.290855

9 1763

114

145158866861

* 692

749. 5426 7244.0439.2127.968. 1

21, 22018, 795

455

2,8932,517

69

4,3423,361

810

1789

1251 494

979296

10210573

1145297

2 2 295 721 953 6

- 144 8-]. 830.4

- 352. 82112 6

2 66 0

1 48. 21 3544 460

6 200976

8 8763

123

1851751128693

*7642 770

2]9 873

790. 6432 9278.3470.6132.168.4

22, 64920, 262

971

3,2202,594

312

4,8213,6141.005

1710097

1 251

96939398

10779835°98

- _.

6, 103832

9 6704

108

17018312195

•1074 1 357

783.3435 4267.4458 5135.408. 6

21, 98919, 6141 013

2,8832, 463

96

4,4603,536

739

1619494

1 244

949380

10110370875195

6 057986

9 0064

125

178

129

1254 1 981

796. 8438 8278.0475. 1134.568.9

23,01120, 762

861

3,1452,581

257

4,8083,699

919

13275116

1 480

r QO

T 87

7195

9459

87519°

5 684898

9 6463

116

1144 4 861

q21285

1 10°

C)f)

876994

8156844993

85

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:AcetyleneJ mil. cu.ftAmmonia, synthetic anhydrous (commercial)

thous. sh. tons__Carbon dioxide, liquid, gas, andsolidj do _.Chlorine gas do

Hydrochloric acid (100% HC1) doNitric acid (100% HNO3) doOxygen (high purity) J mil. cu. ft .Phosphoric acid (100% P205) thous. sh. tons..

1,012

« 401. 578.4

«386.4

"80.8276.34,832

° 175. 8

967

432.978.9

383.6

77.0281.55,875187.1

896

442.595.5

375.1

73.2254.65,988181.8

790

411.596.7

381.6

73.1255.25,798160.2

938

417.2105.5394.7

83.3276.66, 102175.0

939

399.687.1

349.8

70.6283.96,298175.7

1,100

425.580.8

409. 5

83.0297.56,753195.6

1,114

435.473.0

411.4

86.9298.86,632184.9

1,124

449.168.7

420.7

85.6306.27, 075183.7

989

416. 870.2

405.8

79.0296. 57,360202.0

1,061

429.463.3

381. 9

78.9289.8

5 8, 255185.6

1,159

494.873.5

437.5

89.9300.99,161212.2

1,102

508.375.4

423.1

89.1292.38,577209.4

1,134

510.796.0

432.9

89.1306.28,068232.5

T Revised. <* Deficit. "Revisions will be shown later as follows: Jan. 1959-Aug.1960 for chlorine, sodium hydroxide, and sodium sulfates; Jan.-Aug. 1960 for other indi-cated items. ! Based on unadjusted data. 2 Quarterly total. 3 Quarterly average.* Effective Jan. 1962, data reflect redefinition of visits to one park: Jan. 1962 (new basis),62,600 visits; Jan. 1961 (old basis), 18,600 visits. « Beginning Feb. 1962, data include quan-tities for 14 plants not previously reporting.

cfData for June, Sept. and Dec. 1961 and Mar. and June 1962 cover 5 weeks.tReyised effective with the Dec. 1961 SURVEY to incorporate the 1957-59 comparisoi

base period, as well as new weights and seasonal factors. Monthly indexes for total loading;(1919-60) appear in the Dec. 1961 Fed. Res. Bulletin; indexes for separate classes prior to Oct1960 are available from the Board of Governors, Fed. Res., Wash. 25, D.C.

9 In eludes data not shown separately. JSee similar note on p. S-25.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1002 SURVEY OF CUKRENT BUSINESS S-25


1960 1961

Monthlyaverage

1961


1962


CHEMICALS AND ALLIED PRODUCT S—Con tinned

CHEMICALS— Continued

Inorganic chemicals, production — ContinuedSodium carbonate (soda ash), synthetic (58%

Na2O) thous sh tonsSodium bichromate and chromate _ doSodium hydroxide (100% NaOH) __ __ do ._Sodium silicate (soluble silicate glass), anhydrous

thous. sh. tons.,Sodium sulfates (anhydrous, refined; Glauber's

salt: crude salt cake) thous. sh. tons..Sulfuric acid (100% HaSOOt do

Organic chemicals id1

Acetic acid (synthetic and natural), productionmil. lb._

\cetic anhydride, production do _ .Acetylsalicylic acid (aspirin) , production._.do

Alcohol, ethyl:Production _ mil. proof gaL.Stocks end of month doUsed for denaturation doTaxable withdrawals do

Alcohol, denatured:Production ._ mil. wine gal..Consumption (withdrawals) doStocks end of month do

Creosote oil, production _ mil. gal_.DDT production mil IbEthyl acetate (85%) , production do _.

Ethylene glycol, production do _Formaldehyde (37% HCHO), production.. doGlycerin, refined, all grades:

Production doStocks end of month do

Methanol, production:Natural mil. galSynthetic - do _ _

Phthalic anhyd'ride, production mil. lb_-

FERTILIZERS

Consumption (10states)§ thous. sh. tons..Exports total 9 - - do _ _ _

Nitrogenous materials doPhosphate materials do _Potash materials do

Imports total 9 doNitrogenous materials, total 9 - do

Nitrate of soda doPhosphate materials doPotash materials . . do _

Potash deliveries (KaO) doSuperphosphate and other phosphatic fertilizers

(100%, P2OsMProduction thous. sh. tons_.Stocks, end of month _ do

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments:Black blasting powder thous. IbHigh explosives __ _ ._ _. do _

Paints, varnish, and lacquer, factory shipments: fTotal shipments mil $

Trade products doIndustrial finishes do

Sulfur, native (Frasch) and recovered:!Production thous Ig tonsStocks (producers') end of month do

SYNTHETIC PLASTICS AND RESINMATERIALS

Production:©Cellulose acetate and mixed ester plastics:

Sheets rods and tubes mil. lb__M^oldin01 and extrusion materials do

Nitrocellulose sheets, rods, and tubes do _ _

Phenolic and other tar acid resins doPolystyrene do

Vinyl resins -do•\.lkyd resins do

Polyester resins doPolyethylene resins doMiscellaneous (incl. protective coatings) __ .do

379.810.2

"414.3

Ml. 4

°89.41,490.3

63.791.32.0

1 54.21 130. 3

45 215.3

24.224.3

4.4

7.713.78.9

108.1156.0

24.227.4

.224.733.4

278056243

43668

207105301236

181

223346

12882, 026

147.085.361.7

4763,826

4.27.6. 1

49.382.129.8

100.246.411.8

15.8111 330.4

r Revised. a Sec similar note on p. S-24. * Averagedata for 11 States' see note "S" 3 Beginning Jan. 1961, tr;shown with industrial finishes) are included under trade1962, data include protective coatings (formerly excluded);are as follows (mil. 11).): Phenolic, 2.5 (incl. some rosin modifrately); polystyrene, 0.0; urea, etc., 3.8.

J Revisions for Jan. 1959-Junc 1900 for carbon dioxide andoxygon, and sulfuric acid are shown in the Oct. 1901 SURVEY.arc reported on the basis of 100%, content of the specified mate

376.410.1

408.2

43.9

95 31, 487. 8

66.694.41.9

52.4140.843.25.1

23.423.46.2

7.814.38.0

98.7145.3

22.434.3

.125.731.2

279753931

42965

227123411336

173

228415

12782, 424

145. 83 80. 5359.3

5194,098

4.87.5.1

49.083. 529.3

100.532.19.8

13.6132.838.2

372.210.9

394.9

37.0

92.81,446.3

65.7100.8

2.0

46.0139.241.85.6

22.523. 16.6

8.914.79.5

97.0139.1

20.234.6

.124.633.5

91963527

53657

17710148119

54

201390

4483, 958

178.8111.607.2

5473,936

5.07.9.1

51.180.628.7

104. 533.710.0

13.0132 838.9

366. 39.1

406. 5

35.5

88.81, 354. 0

68.490.91.1

44.2139.741.64.2

22.422.66.4

8.814.96.1

94.4125.7

18.632.5

.124.333.0

40466316

55185

1399234153

124

162434

7081, 360

153. 898.155.7

5554, 086

4.06.5.1

39.882.722.9

91.931.89.3

12.0135. 433.8

376.010.2

418.9

41.0

94.41,401.7

69.693.32.0

49.6142.341.55.0

22.924.2

5.1

10.314.74.6

99.3154.9

24.433.8

. 125.533.3

25553413

44757

15893371019

232

191447

29992, 792

109. 1102. 260.9

5724,179

5.06.6.1

51.988.432.6

107.434.510.0

13.6134.040.3

369.19.9

370.0

43.0

97.61 . 390. 9

65. 0105. 0

2.0

53.4140.937.65.5

20.319 06.4

8.113.77.7

87.7155.5

18.032.6

.122.831.6

362523

1842870

203124355

33

124

219435

10693, 769

153.490.962.5

4844, 253

5.48.5.1

52.689.733.0

101.534.411.6

12. 8121.837.4

408.111.6

443.8

54.6

97.41,543.7

70.8104.7

2.4

66.3136.944.77.3

24.024.95.4

6.813.612.0

97. 5165. 1

23.030.7

.128.130.0

42054834

45252

260138351554

211

240447

19894, 844

149.085.763.3

5284, 255

5.48.6.1

57.298.137.6

116.837.210.3

15.2140. 243.8

410.210.5

433.7

58.9

105. 21,557.3

74.0100.1

2.1

50. 4138.842.50.0

23.523.05.9

7.413. 012.8

95.2102.4

24.034.0

.128.528.0

33054062

41157

216106329

57

104

236480

17785, 296

133. 073.859.8

5194,307

5.28.6.1

54.692.736.0

110.934.412 5

15.5148.443.4

388.910.6

442.4

43.5

108. 01.. 598.7

76.8117.3

2.3

55.3141.143.74.2

23.524.25.2

6.412.97.3

97.3156. 6

24.038.4

.127.730.9

336605

47440100

15687261214

159

230519

14479, 679

109.758.451.3

5504,814

6.37.7.1

52.595.932.2

108.531.09 3

13.3153.241.8

382.410.8

423.1

40.6

102.31,640.4

83.796.52.0

53.7145. 943.94.3

23.723.65.4

6.110.39.6

91.3155.8

20.935.2

. 126.428.7

68071

51189

261128501570

302

238527

11475, 118

129.209.959.3

5164, 863

I 12.8

^58.04 99. 9439.2

113.337.0

15.9150. 0

308. 610.2

403.2

46.5

97.71, 535. 6

72.593.52.3

47.8148.742.74.5

23.023.45.0

8. 113.23.9

80.8157. 2

21.036.4

.125.525.6

54111434776

259131371273

117

220509

7276, 010

123. 969.954.0

4704,890

12.3

53.292.838.9

113.935.4

15. 5150. 9

400.711.0

406. 3

47.8

113.71,725.6

75.0100. 4

2.5

53.3147.745.05.4

24.523.95.0

5. 113.99.8

87.9103. 5

21.235.2

.129.030.2

48052

35274

306157281857

232

249446

5381.058

151.285.066.2

4914,830

15.6

59.8105.640.1

131. 343.6

17.9107. 0

394.111.5

454. 9

51.0

106.21, 675. 9

75.2102.2

2.1

52.1153. 140.84.8

21.721.45.7

8.612. 17.3

88.8165. 3

21.236.1

. 127.933.7

68412846476

397230

692459

365

248302

8391. 583

106. 6100.765.9

4404,779

13.2

53.8105. 538.8

'122.4M2.8

'IS.?100. 7

404.111.1

404.3

55.1

100. 61, 692. 3

85.6105.0

2.4

50.3151. 444.65 5

24.024.85.0

8.014.57.9

98.4"•172.2

18.833.7

.1'28.0r 31. 5

63598

46658

287186551410

258

'255--253

35101, 886

180. 1112.373.8

4744,701

14.2

60.9

41.7

125. 447.0

19.7170.9

107.42.0

7.713.412.3

103.6164. 1

21.135.4

26.533.3

194128501310

60

206315

62100, 792

177.8107.3

70. 5

> for July-Dec. 2 Based on §States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama,ide sales of lacquers (formerly Tennessee, Arkansas, Louisana, Texas, Oklahoma; also Virginia in the monthly averages,products. 4 Beginning Jan. According to quarterly reports from Virginia, consumption in that State was as followsimoiints of these for Jan. 1902 (thous. sh. tons): 1961— Jan.-Mar., 258; Apr .-Juno, 311; July-Sept., 75; Oct.-Doc., < 7 .icatioiis no longer shown sepa- 9 Includes data not shown se mrately. <f Revision:-; for 1960- Apr. 1901 for superphosphate

and for Jan.-Mar. 1901 for paints, etc., will be shown later.Jan.-June 1900 for acety ene, t Revised effective with the Jan. 1902 S U R V E Y to include recovered sulfur.

cf Data (except for alcohol) ©Beginning July 1961, data arc not strictly comparable with those for earlier periodsrial unless otherwise indicated. because of the inclusion of companies formerly not reporting; monthly averages arc based on

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



1960 1961

Monthlyaverage

1961


1962


ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total Omil kw.-hr

Electric utilities, total doBy fuels doBy waterpower do

Privately and municipally owned util do

Industrial establishments total doBv fuels doBv waterpower do

Sales to ultimate customers total (EEI)§ doCommercial and industrial:

Small light and power doI^arge light and power do

Railways and railroads doResidential or domestic doStreet and highway lighting doOther public authorities doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute)! mil $

GAS

Manufactured and mixed gas (quarterly) :tcfCustomers end of quarter total 9 tbous

Residential doIndustrial and commercial do

Sales to consumers total 9 mil thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, total 9mil $

Residential do

Natural gas (quarterly) :d"

Residential do

Residential doIndustrial and commercial do

Revenue from sales to consumers total 9 mil $Residential do

70, 13562, 77950, 65312, 126

51, 29411, 486

7. 3567, 055

301

56, 933

9,56728, 733

39816, 367

5101,304

55

959.6

2,3742 218

156

1563403

1 156

74 257 2

i 16.7

30 55428, 0872 430

22 6367, 558

13, 907

1,326.6734 9553. 8

73,21105, 99853, 34812,650

53, 62412,374

7,2136 932

281

60, 061

1 11,2391 28 952

39017,418

5641.3702 128

1,014.1

2,1111,974

136

572409159

71.455 016.0

31 52628, 9732 516

23 1717,914

14, 088

1,420 2790 5590 4

72,41065, 19151, 73113,460

53. 23311 958

7,2196 908

310

59, 089

11,44529 406

35815, 894

4741,373

140

994.2

2,1351 995

139

542376162

67 551 515 7

31 27428, 7632 476

21 9607,088

13, 788

1,328.7725 9566. 1

75 22368 90254, 70213 500

55,01613 186

7 0216 705'256

59, 719

12, 10328 874

34116, 383

4811,330

146

1 013 5

78, 96571, 48658, 37813,108

58, 00913,417

7, 4797 224

255

62, 973

12, 94830, 392

36017, 268

4841,369

152

1,055 3

74, 46667, 29755. 30611,931

54, 84912 449

7 1696 946

•>93

63, 138

12, 93630 174

35617, 566

5561,396

153

1,065 6

2,0631 932

130

276153123

37.425 811.4

31 31928, 8412 442

16, 6362, 687

12, 957

871.2358 9480.8

74.47166, S4855,37311 475

54, 408I9 441

7 6937 377

246

61, 309

11,80430 197

36816, 796

6071,395

140

1 033 4

74, 22266, 66954, 80011 803

54, 08012 590

7 559

7 985267

60, 306

11 23429 564

38516 913

6491 432

130

1 013 9

78,41970, 87857, 14713 731

57, 40713 471

7 5417 246

295

62, 294

11,27029 627

44318,712

6811 437

122

1 043 4

2 0711 938

132

529371153

65 950 415 2

32 06529, 431

2 596

23 7437 805

14, 668

1 450 1787 8620 2

80, 91373, 12358, 82314 301

59, 43713 687

7 7907 479

311

65, 428

11,27630 156

45521,213

7411 468

120

1 091 7

72, 04764, 77751 43513 342

52, 73312 044

7 970Q 9^2

288

63, 520

11, 11129 230

49520 495

6201, 529

109

1 073 6

78, 64670, 71954, 56216, 157

56, 72513, 994

7,9277 604

323

64, 151

11,21430, 736

43319, 616

6201,461

71

1, 071. 7

2,0731 940

133

964748208

114.091 521.8

32 30129, 6342 630

33 53415, 70516, 358

2,266.11 432 7

783.5

73. 52865, 87349, 87316, 001

53, 10312 770

7, 0547 318

330

62, 143

10, 95830 384

39118, 308

5741,443

84

1,041.6

78, 07170, 24155, 02015 221

57, 05313 188

7 8297 507

322

62, 216

11, 27331, 443

36317,006

5401,489

103

1, 040. 5

77,81970, 16456, 39713 767

7 6557 373

282

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGES

Beer:Production mil bblTaxable withdrawals doStocks end of month do

Distilled spirits (total):Production - nail, tax gal__Consumption, apparent, for beverage purposes

mil. wine gal—Taxable withdrawals mil. tax gal--Stocks, end of month __ doImports mil. proof gal--

Whisky:Production - -- mil. tax gal-Taxable withdrawals doStocks end of month doImports mil proof gal

Rectified spirits and wines, production, totalmil. proof gal—

Whisk v doWines and distilling materials:

Effervescent wines:Production mil. wine gal-_Taxable withdrawals doStocks end of month doImports do

Still wines:Production doTaxable withdrawals doStocks, end of month doImports do

Distilling materials produced at wineries. ..doT Revised.1 Based on annual total including revisions not t2 Beginning Mar. 1961, data include sales not pre3 Average for July-Dec.©Revisions for Jan .-Nov. 1960 are available upo

7.787.33

10.37

s 13. 27

19.563 9.90

3 835. 023.10

12.416.84

806. 442.75

6.975.39

.33

.282.45

.08

13.8212. 44

176.11.82

27.57

llocatedviously i

n reques

7.927.42

10.61

15.06

20. 1210.04

859. 633.26

11. 857.08

835. 992.87

7.055.32

.34

.312 64

.081 14. 00i 12. 98175. 86

.93

27.61

by montDeported.

t.

9.639.20

11.41

15.79

20.9311.31

861. 583.26

11.927.31

838. 412.90

7.775.87

.53

.282.92

.07

1.9313.41

140. 68.93

.93

hs (or qi

9.558.94

11.46

9.83

17.167.96

861. 842.44

7.265.09

839. 092.15

5.464.01

.16

.162.91.05

.859.14

134. 10.78

1.79

larters).

9.419.16

11.13

10.11

18.9310. 03

859. 462.98

7. 396.75

837. 522.63

6.895.10

.35

.262.95

.00

5. 0012. 93

123.45.90

14.31

7.407.62

10.47

13.12

18. 8010.52

859. 433.74

9.357 56

837! 073.30

7.555.83

.25

.312.87

.08

50.2613.14

163. 921.00

112.99

§Beexclud

JRec?T9 In

7.336.99

10.37

19.25

22.5814.34

864. 324.69

13.9210.93

840. 544. 12

10.488.21

.26

.472.61

.13

81.8116.28

230. 551.20

143. 95

jinnineed).vised dahe 1960 aeludes d£

6.526.609.87

19.53

25.3512.41

868. 395.35

15.739.39

844. 234.75

8.746.71

.32

.552.35.17

10.4514.47

220. 131.38

35.56

with th

a for 1stnd 1961 iita not si

6.436.489.42

16.43

28.328.08

874. 593.82

13.585.79

850. 133.35

6.024. 49

.38

.492.20

.12

4. 6013. 53

209. 501.00

11.92

e Apr. 1

qtr. 1960iverageslown sep

6.996.139.86

15.88

16.938.58

879. 712.75

13.436.02

855. 922.46

5.884.08

.3327

2^23.05

3.2812. 22

194.331.00

9.68

962 SUE

-1st qtr.shown foarately.

6.425.75

10.16

15.32

'-17.068.65

883. 952. 76

12. 706.35

860. 192.41

5.874.49

.50

.202. 51

.05

2.7011. 11

187. 44.88

4.08

VEY, da

1961 willr gas are

8.307.33

10.66

15.41

' 20. 6410.41

886. 453.07

12. 107.30

862. 662.71

7.385.59

.42

.252.67

.06

2.5314.33

172. 671.03

1.43

ta inclu

be showquarter']

8.357.46

11.07

13.16

r 18. 619.38

885. 903.07

10.286.44

862 362.70

6.214.48

.3522

2.76.07

2.1512.10

164. 411.06

1.70

de Alasl

n later.y averag

9.769.06

11.20

15.94

21.1610.86

890. 663.55

12.137.03

867 513.09

7.545.44

.4930

2.93.08

2.6711. 93

150 961.31

1.58

:a and I

es.

2.92

2.55

.05

.88

lawaii (formerly



Unless otherwise stated, statistics through 1960and descriotive notes are shown in the 1961edition of BUSINESS STATISTICS

1960 | 1961

Monthlyaverage

1961


1962


FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS

Butter, creamery:Production (factory) J mil IbStocks, cold storage, end of month _ do __Price, wholesale, 92-score (N.Y.) ._ $ per Ib

•Cheese:Production (factory), total J mil Ib

American, whole milkj do

Stocks, cold storage, end of month, total doAmerican, whole milk do

Imports - - - __doPrice, wholesale, American, single daisies (Chi-

cago) _ $perlb•Condensed and evaporated milk:

Production, case goods:JCondensed (sweetened) mil. IbEvaporated (unsweetened) do

Stocks, manufacturers', case goods, end of mo.:Condensed (sweetened) mil IbEvaporated (unsweetened) do

Exports:Condensed (sweetened) _ _ __doEvaporated (unsweetened) do

Price, manufacturers' average selling:Evaporated (unsweetened) $ per case

Fluid milk:Production on farms mil. IbUtilization in mfd dairy products c? doPrice, wholesale, U.S. average.. $ per 100 Ib

Dry milk:Production :J

Dry whole milk mil. IbNonfat dry milk (human food) do

Stocks, manufacturers', end of month:Dry whole milk doNonfat dry milk (human food) do

Exports:Dry whole milk doNonfat dry milk (human food) do

Price, manufacturers' average selling, nonfat drymilk (human food) $ per Ib

GRAIN AND GRAIN PRODUCTSExports (barley corn oats rye wheat) mil. bu_

Barley:Production (crop estimate) do

Stocks (domestic), end of quarter, total doOn farms -- doOff farms do

Exports, including malt§ __doPrices, wholesale (Minneapolis):

No 2, malting $ per bu._No 3 straight do

Corn:Production (crop estimate, grain only) mil. buGrindings wet process do

Stocks (domestic), end of quarter, totalmil. bu_.

On farms doOff farms _ _ _ _ do

Exports, including meal and flour. ..do. _Prices, wholesale:

No 3, yellow (Chicago) $ per buWeighted avg., 5 markets, all grades ..do

Oats:Production (crop estimate) mil bu

Stocks (domestic), end of quarter, total doOn farms do._Off farms _ . . do

Exports, including oatmeal doPrice, wholesale, No. 3, white (Chicago)

$perbu..

Rice:Production (crop estimate) mil. bags 9California mills:

Receipts, domestic, rough mil. lb_.Shipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end

of month mil. lb._Southern States mills (Ark., La., Tenn., Tex.):

Receipts, rough, from producers mil. lb-_Shipments from mills, milled rice _ . do _Stocks, domestic, rough and cleaned (cleaned

basis), end of month mil lb__Exports - -_ -- _ _ _ _ __ do _ _Price, wholesale, Nato, No. 2 (N.O.) $ per Ib—

Rye:Production (crop estimate) mil. bu_.Stocks (domestic), end of quarter, total doPrice, wholesale, No. 2 (Minneapolis) $ per bu__

114.4106.5.599

123.283.0

316.8277.3

5.3

.414

5.7181.4

5.5235.9

3.58.4

6.34

10, 2343,9684.21

8.2151.5

6.4121.5

2.316.6

.137

78.0

M31.3

3311.13 166. 83 144. 3

7.8

1.141.06

i 3, 90812.8

s 3, 0903 1, 7093 1, 381

18.6

1.131.07

U,155

3 6723595377

2.9

B.71

i 54.6

10062

100

338231

845163

.081

133.1321.6

1.13

r 123 7181.5

.612r 135 9r95. 4

429.8379. 5

6.3

.409

5.8' 176. 5

6.0243.6

3.97.6

6.30

10, 4554,2834.22

'6.8r 167. 8

6.4136.6

1.521.0

.154

90.5

i 393. 4

3 291. 83 154. 03 137. 8

5.4

1.311.23

i 3, 62413.1

3 3, 24631,7843 1, 463

24.5

1.111.06

i 1,01336573576381

1.75 .67

i 53.6

11071

104

317209

826148

5.086

127.3320.95 1.20

r 152 7217.8.612

r 177 2r 133. 3

452.4490. 3

7.5

.408

' 5.7* 253. 2

7 1310.0

3 913.7

6.29

12, 039r 5, 435

3.87

••7.5233.8

7.2183.6

2.832.5

.158

76.6

4 152. 84 65.44 87. 4

4.5

1.211.12

13.8

2,8161,4471, 36921.4

1.121.08

4 3254 268

4 57

1.1

.66

8869

77

46126

38565

.087

4 14. 21.12

r 127 5249.8.012

r 149 1r 112. 0

481.9424 0

3.9

.408

r 5 6r 213. 4

6 8353.5

4.48.5

6.29

11, 0574,5894.02

r6 .5r 182. 3

8.3177.0

1.626.9

.158

80.0

3.7

1.451.33

12 7

17.2

1.141.10

1.6

.72

11470

83

24156

25296

(6)

1.22

r 108 1256.5.614

r 134 4r 98. 0

511.0448 4

5.8

.410

r 5.9r 188. 4

6 9367.2

3.510.5

6.29

10, 2703, 951

4.17

' 6.5r 143 9

6 6153 6

2 027.3

.160

78.4

2.2

1.431.35

14 6

23.4

1.121.08

.6

.68

12970

97

158102

25857

.085

1.21

r 94 g238.4.614

r 119 3r 84 0

501 2442 2

6.0

.413

r 5 3r 157. 4

6 7364. 5

3.44.5

6.29

9,6213,4404.38

'5.5r 119. 1

5.7134.8

1.328.1

.159

81.4

433. 8242.5191.4

4.2

1.471.40

13.4

4 2, 0084 580

4 1, 42824.5

1.101.06

972859113

4.2

.68

7868

80

769154

62051

.084

29.71.24

r HO 1230.7

613

r 120 3r8Q 3

490 5432 6

6 0

415

r 6 0r 138 1

6 8336 2

2.75 1

6 29

9,6723,753

4.47

r 7 7r 134 9

5 5127 8

1 i19.0

161

99.6

O O

1.481.42

14 1

23.8

1 091.06

1.6

.67

19169

135

1,565240

1,41198

.089

1.30

r 109 9223.7

611

r HI 1T 71 6

470 6421 5

8 1

414

r 5 2r 117 2

5 4282 6

4 43 7

6 29

9 2193 623

4 55

r 7 6r 136 3

6 0116 9

629 9

160

104 1

6 0

1 461 40

13 6

32 3

1 101 09

1.0

.71

10095

102

486253

1,485139

.090

1.32

r 126 1224.8

611

r 10Q 6rll 1

472 9419 9

6 9

.410

5 4r 125. 6

5 6225 1

3.92 6

6 29

9,7724 0624.45

' 7.3r!69 4

7 3132 5

1 l12.3

162

100.5

333.7179 4154 3

5.3

1.431 37

11 9

4,4953,0221 47334.3

1 081.08

77569580

.3

(6)

16978

126

242285

1,378255

.093

19.31.31

r 144 2239.0

610

r H7 2r 77 6

456 8405 9

5 9

410

5 9117 7

4 6162 6

3 05 6

6 29

10 1184 441

4 39

r 8 0184 5

8 2126 7

821 5

162

85 1

5 3

1 471 42

13 2

35 6

1 081 04

2

.70

182109

133

169264

1,237280

.095

1.31

133 0260.0

610

r in 4r 74 1

432 8382 8

5 9

.410

5 6'US 2

4 0106 3

3.910 9

6 29

9,6294 1304 29

r 5 6r 177 4

7 7131 0

618.7

161

116.0

9.9

1.411 35

12 7

43 3

1 071 01

.2

.65

229172

107

228296

1,102186

.098

1.29

r 150 3303.1.609

r 127 1r 85 6

417 2367 8

6 0

402

4 4r 149 4

4 366 1

4 24 6

6 28

11, 1014 7104.16

r 6.4r 203 8

6 1128 4

440.5

161

103 6

r215 798 0

r H7 g

8 5

1 391 33

14 8

3,3862 1491 23637 3

1 111 06

r 49543263

2

.70

167110

119

100282

905238

.098

14 61.25

r 147 5345.4.586

r 139 1' 98 6

441 0390 8

6.4

.394

5.2' 177. 3

6 296.9

.42.4

6.16

11, 3404,8703.88

'7.5r 214. 3

6.6128.3

1.518.9

.147

101.3

9.2

1.341.28

15 0

36.3

1 121.08

.2

.72

121110

92

54222

732231

.098

1.25

r 166 7386.9.586

r 167 5r 126 4

460 1416 2

7 8

.392

8 3>• 225. 5

6 2162 4

4.72 5

6 07

12, 533'5 609

3.76

^ 9 7r 253 0

7 4155 7

1 025 2

142

128.3

16 5

1.261 21

15 0

42 1

1 151 11

4 6

.73

10068

90

25212

550223

.098

1.21

152 6419.3.584

168 0126 5

498.6454 5

6.1

.392

6 8215.0

3 7218 6

6 03

12,0415,275'3.71

7.7236 5

7.7168 7

142

4 122. 44 47 64 74 8

1.221.18

14 9

2,4871 551

936

1 141.11

4 2764 229

4 4g

.69

7380

56

30187

391

P . 098

4 7 91.24

"3.86

2 418. 6

1. 191. 14

2 3 550

1 121 10

2 i 030

.65

2 62 9

2 38 9

1.16r Revised. * Preliminary.1 Crop estimate for the year. 2 Aug. 1 estimate of the 1962 crop. 3 Quarterly average.4 Old crop only; new crop not reported until beginning of new crop year (July for barley,

oats, rye, and wheat; Oct. for corn). 8 Average based on months for which quotations areavailable. 6 No quotation.

*Revisions for 1960 appear in the Oct. 1961 SURVEY; those for Jan.-May 1961 are availableupon request.

c?1 Re visions for Jan. 1955-July 1960 are available upon request.§Excludes a small amount of pearl barley.9 Bags of 100 Ib.


S-28 SUEVEY OF CUKEENT BUSINESS August 1962


1960 1961

Monthlyaverage

1961


1962



GRAIN AND GRAIN PRODUCTS— Con.

Wheat:Production (crop estimate) total mil bu

Spring wheat do"W°inter wheat do

Distribution (Quarterly total) do

Stocks (domestic) end of Quarter total doOn farms doOff farms do

Exports total including flour do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

$ per bu__No 2 hard winter (K ansas City) - _ doNo 2 red winter (St Louis) doWeighted avg 6 markets, all grades . do

Wheat flour:Production:

Flour thous. sacks (100 lb.)__Operations percent of capacityOffal '_ thous. sh tons..

Grindings of wheat thous buStocks held by mills, end of quarter

thous. sacks (1001b.)_.Exports doPrices, wholesale:

Spring, standard patents (Minneapolis)$per!001b__

Winter, hard, 95% patents (Kans. City).- do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected) :

Calves thous animalsCattle do

"Receipts (salable) at 25 public marketst doShipments feeder to 8 corn-belt States doPrices, wholesale:'

Beef steers (Chicago) $per!001b__Steers, stocker and feeder (Kansas City)__doCalves, vealers (Natl. Stockyards, Il l .)___do

Hogs:Slaughter (federally inspected) ...thous. animals. _Receipts (salable) at 25 public marketst do

Wholesale, average, all grades (Chicago)$per!001b_.

Hog-corn price ratio (bu. of corn equal in valuetolOOlb live hog) - - - -

Sheep and lambs:Slaughter (federally inspected). ..thous. animals- .Receipts (salable) at 25 public marketst doShipments feeder to 8 corn-belt States doPrices, wholesale:

Lambs average (Chicago) __$ per 100 Ib .Lambs, feeder, good and choice (Omaha) .do

MEATS

Total meats:Production (carcass weight, leaf lard in), inspected

slaughter mil. IbStocks (excluding lard), cold storage, end of

month _ _ mil. Ib -Exports (including lard) - do _.Imports (excluding lard) do

Beef and veal:Production, inspected slaughter do .Stocks, cold storage, end of month _ _ d o _ .Exports _ doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) _ $perlb-Lamb and mutton:

Production, inspected slaughter .mil. Ib -Stocks, cold storage, end of month do

Pork (in eluding lard), production, inspected slaugh-ter mil Ib

Pork (excluding lard) :Production, inspected slaughter do _ -Stocks, cold storage, end of month do _ . _Exports . -_ - do_ _ -Imports doPrices, wholesale:

Hams, smoked, composite $ per IbFresh loins, 8-12 Ib. average (New York).do

Lard:Production, inspected slaughter _ mil. lb__Stocks, dry and cold storage, end of mo doExports _ - do ._Price, wholesale, refined (Chicago) $ per Ib—

1 1,357*247

1 1,1113293

3 1 , 8223318

3 1, 504

48.242.2

2.212.02

51.952.17

21,26292.4402

48, 560

3 4, 4432,613

5.3224.992

4381,616

""""506"

25.9322.93

r 28. 46

5,513

15.50

15.3

1,170

291

19. 2618.26

2,066

5258763

1,005.4173.4

2.440.9

.451

55.612.2

1,005.3

762.4271.1

5.814.3

.472

.471

177.3119.151.7.125

i 1, 235i 158

i 1, 0763332

31, 8543305

31, 549

58.252.4

2.282.04

s 1.972.25

21, 69393.3405

49, 333

34,7032,511

5.5205. 166

4171,6641.221'528

24.4623.2030.17

5,4691,586

16.78

16.6

1,253554253

17.0714.99

2,116

4607780

1. 051. 0175.5

2.555.4

.427

59.619.9

1, 005. 0

763.1203.4

5.714.5

.471

.479

176. 5120.834.9.133

••2974 1,411

<1374 1, 274

49.245.4

2.271.921.902.21

20, 38185.1380

46, 276

4,1971,645

5.5705.050

3641,7851,121

274

22.3021.8126.00

5,0931,557

15.91

15.3

1,252449142

19.2514.95

2,171

4967893

1 , 132. 9165.9

2.567.6

.400

57.426.0

981.2

729.1239.8

6.414.4

.440

.470

184.1149.631.9.121

57.450.6

2.341.981.872.11

20, 78291.0390

47,310

2,954

5. 5985. 217

3411,6281,128

249

22. 2321.7025.50

4,3201,303

16.60

15.8

1,126478192

17.7514.44

1,898

4449492

1,032.3168.7

1.967.3

.391

50.624.8

814.8

612.6189.1

6.014.0

.450

.514

148.5126.949.0.125

52.146.1

2.302.041.972.34

23,81094.7451

54,454

2,628

5.6255.334

4211, 8031,289

465

24.0122.9428.00

5, 1141,485

17.19

16.6

1.290602367

17.7514.01

2,117

39065

104

1,130.0175.5

2.483.5

.410

57.623.0

929.6

710.7136.9

5.213.2

.466

.488

159.0114.122.1.125

'331

2,316466

1,850

48.144.5

2.382.071.942.41

21.11296. 5398

48,118

4,7511,536

5.6605.333

4561,7121, 252

720

24.2122.6128.50

5, 2401,451

17.69

16.8

1,286695630

16. 6214. 66

2, 063

3816280

1, 072. 1178.8

2.857.7

.410

57.721.0

933.3

713.7128.3

5.813.3

.464

.497

160. 199.521.8.130

70.264.8

2.402.081.872.36

23, 06395.8431

52, 480

2, 344

5.6655.317

5111,8171,6951,300

24. 4622.9730.50

6,2231,802

16.79

16.3

1,412720557

16. 2514.20

2,314

3979389

1,136.1182. 7

2.463.2

.419

64.219.7

1,113.7

850.7136.4

5.616.6

.462

.506

191.790.434.4.123

63.258.1

2.422.12(6)2.40

22, 933100.0

43052, 250

2, 176

5. 6505.300

4691,6831,329

983

25. 4423.0330.50

6.3271, 830

15.94

16.7

1,213551224

16.0013. 95

2,269

48611497

1,049.3212.2

2.669.9

.428

56.918.4

1,162.4

890.0193. 0

6.516.8

.483

.467

197.589.364.5.124

335

1,982359

1,623

60.054.6

2.442.14(6)2.42

22,014100.6

41350,108

4 9732,345

5.6385.267

4161,5891,070

447

25.8423. 0632.00

5,7381,623

16.32

17.0

1,124429127

16.2513.72

2,120

4855878

999. 3211.4

2.152.7

.441

53.817.6

1, 067. 3

815.8200.0

5.515.8

.504

.452

183.8110.113.6.118

43.736.8

2.462.091.992.37

23, 49097.6440

53, 478

3,012

5.6255.267

4541,7811,326

368

25.9022.8035.50

6.0981, 838

16.66

17.4

1,375577205

16.8813.72

2,312

4827499

1,117.4193.6

2.464.8

.450

67.716.3

1, 127. 3

872.1209.1

4.517.4

.499

.484

186.8101.640.4.120

62.446.3

2.452.112.052.40

21,70899.4404

49, 346

7,003

5.6505.267

3621,468

968279

26.0423.1633.50

5,3121,498

16.24

17.1

1,177441127

17.5014.85

1, 953

4977172

927.6177.6

1.949.3

.449

58.916.1

966.0

739.2235.5

3.814.6

7.490.469

165.0103.438.0.125

342

r 1 641211

r 1 430

57.549.2

2.442.12.(6)2.39

23, 14095.0430

52, 551r 4 877

3,647

5.6885.350

4611,6491,013

334

26. 6524. 5635.50

6,2251, 623

15.97

16.5

1,227445131

17.3815.38

2,233

55273

136

1, 038. 7180.6

1.997.4

.455

61.018.3

1, 132. 8

877.7279.7

4.319.2

.495

.450

185.3104.533.6.128

55.449.2

2.462.13(6)2.41

20, 39687.7378

r 46,170

2,704

5.7755.483

3831,5221,130

421

26.8025.1130.00

5,6721,680

15.66

15.6

1.173467100

17. 6215.30

2,068

5798291

960.5170.9

2.061.4

.452

57.418.5

1,049.7

808.1315.9

4.616.2

.488

.429

176.0109.242.4.120

63.857.2

2.502.17(6)2.43

' 21,01186.4396

' 47,966

2,896

'5.900'5.633

3981,7661,134

432

25.6224.18

'29.00

5,8001,722

15.25

14.9

1,197527189

21.75(6)

2,261

5858679

1,110.1148.7

2.351.4

.444

56.417.9

1,094.1

838.5338.5

5.219.1

.465

.425

186.1123.324.8.123

339

4 1 3044 102

4 1 902

2.502.192.122.33

20, 10086.8375

45, 621

4,275

* 5. 938P 5. 682

3421,718

997270

24.9123. 23

P 28. 01

5,0411,498

16.23

15.6

1,062411183

23. 50« 16. 00

2,087

517

98

1.075.3133.9

69.1

.440

48.016.0

963.3

731.4292 5

17.8

P . 467.463

168.8103. 5

2 1, 06322482815

2.522. 222. 132.32

1,167

26.1223. 75

1,424

17. 24

16.2

470

21.75« 16. 00

.443

.503

* . 120 ir Revised. v Preliminary.1 Crop estimate for the year. 2 July 1 estimate of 1962 crop. 3 Quarterly average.4 Old crop only; new grain not reported until beginning of new crop year (July for wheat).

^Average based on months for which quotations are available. 6 No quotation.•Beginning Feb. 1962, prices not strictly comparable with those for earlier periods.tRevised series. « Choice only.




1960 1961

Monthlyaverage

1961


1962



POULTRY AND EGGSPoultry:

Slaughter (commercial production) J mil. lb__Stocks, cold storage (frozen), end of month

doTurkeys do

Price, in Georgia producing area, live broilers$ per lb._

Eggs:Production on farms mil. casesO--Stocks, cold storage, end of month:

Shell thous. casesO _Frozen mil Ib

Price, wholesale, extras, large (delivered; Chicago)$ per doz__

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl shells) thous Ig. tons _Price, wholesale, Accra (New York) $ per lb_.

Coffee (green):Inventories (roasters', importers', dealers'), end

of Quarter _ _ thous. bagsd* _Roastings (green weight), quarterly total _ _ _ d o

Imports doFrom Brazil _ _ do

Price, wholesale, Santos, No. 4 (New York)$ p e r l b _ _

Confectionery, manufacturers' sales mil. $_.

Fish:Stocks, cold storage, end of month.. mil. lb__

Sugar:Cuban stocks, raw, end of month

thous. Spanish tons__United States:

Deliveries and supply (raw basis):Production and receipts:

Production thous. sh. tons. _Entries from off-share, total 9 do

Hawaii and Puerto Rico __ do__ _

Deliveries, total _ . doFor domestic consumption doFor export and livestock feed do

Stocks, raw and refined, end of month. doExports sh. tons_.Imports'

Raw sugar, total? thous. sh. tons__From Philippine Islands do

Refined sugar, total. _ _ _ do

Prices (New York):Raw wholesale $ per Ib _Refined:

Retail § $ per 5 lb__Wholesale (excl. excise tax) $ per l b _ _

Tea, imports. thous. lb_~

Baking or frying fats (incl. shortening):Production _ _ __ _ _ _ _ _ mil. lb__Stocks (producers' and warehouse), end of month

mil. lb_.Salad or cooking oils:

Production doStocks (producers' and warehouse), end of month

mil. lb_.Margarine:

Production doStocks (producers' and warehouse), end of month

mil. lb__Price, wholesale (colored: mfr. to wholesaler or

large retailer; delivered)' $ per l b_ -

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats: ATallow, edible:

Production (quantities rendered) _ _ _ m i l . lb_.Consiimption in end products _ _ . doStocks (factory and warehouse), end of month

mil. l b _ _Tallow and grease (except wool), inedible:

Production (quantities rendered) _do ...Consumption in end products do- __Stocks (factory and warehouse), end of mo7*th

mil. lb.-Fish and marine mammal oils:

Production , _ doConsumption in end products doStocks ("factory and warehouse), end of month

mil. l b _ _

512

249135

.162

14.2

474111

.372

20.5.286

13,108i 5, 474

1,838770

.369100

191

2,640

256463145

778772

61, 750

401

3548836

.063

.553

.087

9, 598

192.8

114.9

159.6

53.6

141.3

35.4

29.424.6

25.2

276.1152. 7

319.3

17 49.0

93.4

593

322192

.132

r 14.2

16281

. 355

28 5.227

1 3, 034i 5,573

1, 866719

.363103

184

3,142

265281169

808801

7"1,716

510

33810614

.063

.570

.087

9.111

204.6

116. 9

175 3

154. 0

143 6

38.3

.268

35.931.4

26.8

296.2144.8

364.6

20 89.3

123.4

632

213106

. 121

'14. 3

365113

.326

43.2.215

3, 1 455, 321

2,045669

.37879

170

4,365

44296215

831822

91, 559

591

32812115

.065

.574

.088

7,699

185.9

128.1

172 6

153.7

132.9

45.4

.275

37.030.6

31.0

310.4155. 4

329.1

47.211.3

108.9

618

244128

.116

'14.0

314113

.347

48.4.223

1, 633482

.37564

189

4,490

45310209

876866

101,387

608

43013819

.064

.580

.087

8,830

138.0

102.6

174 o

174.2

123 5

36.6

.275

31.527.2

33.5

280.5106. 0

371.0

56 610.0

155.7

725

318189

.120

13.5

280108

.366

30. 5.213

1 776776

.36589

199

3,725

93318242

1,003992

111,131

592

39414531

.060

.573

.087

8,914

220.6

107.3

175 9

142.7

130 5

35.6

.270

39.638.7

29.7

318.4152.2

374.6

49 18 9

161.4

734

416270

.111

13.0

99 *)100

.399

16.6.215

3.2115, 163

l ,8f>4899

. 353138

204

3,225

105203183

917911

6885

1,124

316956

.061

.561

.086

8,136

203. 6

111.4

164 1

137. 6

146 8

39.4

.270

34.733.5

25.2

290.3146. 5

383. 1

24 28 2

179.7

827

550382

.113

13.6

14586

. 393

10.3.226

1 934797

.340140

207

2,725

69711482

799790

91,261

566

3589716

.062

.567

.084

10, 644

233.4

112.8

174 5

152. 0

157 3

40.2

.270

36.033 3

23.9

306. 3149.0

395.2

14 38 3

176.4

736

489318

.118

13.6

8370

.357

6 2.245

1 608577

.341131

207

1,245

90313553

815805

91,708

356

32547

.062

.555

.084

10, 769

235 5

119.3

180 8

173.6

147 0

40.6

.270

40.037 6

20.9

319.7155. 6

399.7

10 28 7

159.0

523

432263

.148

14.3

3961

.335

11 1.265

2, 8155,882

2 1411 059

.341106

197

1,262

75812060

756751

5r 2, 195

443

3199514

064

. 565

.086

8,659

222. 4

122.9

187 9

199.9

147 8

32.8

.270

35.526 1

24.7

293. 9147.5

404.9

11 28 3

132.9

478

405251

.155

14.7

2949

. 356

30 3.225

2 2951,017

.345109

179

843

32417067

625618

72,156

234

2305619

.065

.565

.086

11,202

221 3

125.0

181 2

215.6

159 8

38.3

.270

37.529 6

25.9

313. 6155 8

410.1

78 3

125.6

388

340219

.156

13.7

3840

.330

22 3.195

2 312'86?

.345104

154

1,248

93187139

603596

81,974

202

1853319

064

.573

.088

9,378

214 5

130.3

195 1

206.9

140 6

37.7

.270

39.336 0

25.0

292 1138 6

393.1

47 9

114.7

456

293191

.154

15.9

5648

.310

25 1.213

3 0296,088

1 836683

.345110

123

1,968

47557272

848841

81, 735

134

326738

064

.574

.088

10, 800

214 4

142.7

235 8

223.5

142 0

38.3

.270

35.530 5

24.2

287 0153 3

425.0

38 4

101.7

481

253156

.141

15.6

5260

.306

35 7.208

1 865638

.34594

125

2,468

'93380164

706696

10r 1, 740

194

31613626

065

.564

.089

11. 782

231 7

155.8

2*>8 4

242. 4

135 9

37.3

.270

33.328 6

23.5

274 7148 4

412.3

4 98 3

98.3

580

220132

. 135

15.8

32285

.269

r 28 9.224

2 03?731

.350p 79

137

2,458

39999262

833824

9a, 624

°25

49418617

064

. 565

. 089

12. 747

230 8

177.9

934 q

254 3

136 1

39.9

.270

40.839 9

26.5

305 6170 9

358. 2r 31 1

T 9 0

' 130. 2

573

208122

.134

14.6

409111

.266

37 0.208

3 0505, 307

1 550523

.34873

151

2,458

298272

P 1, 522

36313653

065

p. 089

8,019

°26 3

217.3

255 7

272.8

1^9 6

42.7

p. 259

36.728 4

29.0988 5164 3

340. 4

4tt 9

9 1

146.7

.139

14.4

.205

.348

064

r Revised.v Preliminary.1 Quarterly average.tRevisions for Jan.-Aug. 1960 are shown in the Oct. 1961 SURVEY.

O Cases of 30 dozen. cf Bags of 132.276 Ib.9 Includes data not shown separately. § Price for New York and Northeastern New

Jersey.AFor data on lard, see p. S-28.


s-30 SURVEY OF CURRENT BUSINESS August 1962


1960 | 1961

Monthlyaverage

1961


1962


FOOD AND KINDRED PRODUCTS; TOBACCO- Continued

FATS, OILS, AND RELATEDPRODUCTS- Continued

Vegetable oils and related products:Vegetable oils (total crude and refined) :

Exports _ _ _ mil. lb-.Imports do

Coconut oil:Production:

Crude _ _ _ . do _ _Refined _ _ _ _ __ do_

Consumption in end products doStocks, crude and refined (factory and ware-

house) end of month mil IbImports __ _ do

Corn oil:Production:

Crude doRefined _ do .

Consumption in end products doStocks, crude and refined (factory and ware-

house) end of month mil Ib

Cottonseed cake and meal:Production thous sh tonsStocks (at oil mills) end of month do

Cottonseed oil:Production:

Crude mil IbRefined do

Consumption in end products doStocks, crude and refined (factory and warehouse) ,

end of month mil IbPrice wholesale (drums' N Y ) $ per Ib

Linseed oil:Production crude (raw) mil IbConsumption in end products doStocks, crude and refined (factory and warehouse) ,

end of month mil IbPrice wholesale (Minneapolis) $ per Ib

Soybean cake and meal:tProduction thous sh tonsStocks (at oil mills) end of month do

Soybean oil:Production:

Crude mil IbRefined do

Consumption in end products doStocks, crude and refined (factory and warehouse),

end of month mil IbPrice wholesale (refined • N V ) $ per Ib

TOBACCOLoaf:

Stocks, dealers' and manufacturers', end of quar-ter total mil Ib

Imports, incl. scrap and stems doManufactured:

Production total doConsumption (withdrawals) :

Cigarettes (small):Tax exempt millionsTaxable do

Cigirs (large) taxable doManufactured tobacco and snuff, taxable

TT f ' ff 11.xpor s, cigare es mi

142.843.9

41.333.349.4

i 322. 513.0

27.525.726.2

35.2

207 8172 4

151.4127. 1106 4

385.7.151

30 632.0

110.8131

762 6104.3

366.0289. 7283.8

476.5.129

2 1 9444 4 57341 34613, 257

14, 442

3,08339,178

543

14 1481 685

92. 647.2

41.638.653.7

313. 613.6

28.026.826.4

34.6

204 0168 4

149.5125. 5110 5

335.8. 186

35 531.8

303.0142

778.4147.2

370. 2297. 6287.0

703. 5.157

2 2, 0584 4, 58041 74113,870

14, 429

3, 29640, 677

531

14 1241 861

121.030.5

38.045.260.9

289.05.2

30.025.825.4

40.5

85.0196 9

60.480.0

102 5

313.1.184

34.838.0

94.3. 137

734.7195.3

352.8270.2266. 5

761.9.156

4,27027 28314,649

15,853

3, 68544, 036

536

15 3391 862

84.455.9

45.938.750.9

295 717.4

26.924. 124.7

40.5

66 6142 6

48 155 986 5

249.8. 195

33 737.5

90. 6. 158

716.8201.6

345. 1230.3237. 8

773.2.151

28 08712, 452

11.326

2, 81935. 922

533

12 0471 913

99.748 6

47.047.263.2

294. 315.6

30.731.531.1

35.1

68.689 4

48.947.8

105 4

182.8.191

37. 935.7

87.4.153

692. 4171.1

333. 9291 9280.3

765. 6.153

36 61515,931

16, 391

3, 59847. 166

593

15 8891 644

57. 050. 9

44.837.551.1

300. 812.1

29.129 030.5

33.2

149 673 3

109 463. 290 3

170.4. 194

40 733.0

96.8149

529. 771.9

253. 3284 0292.5

677.2.148

4,53781 76213, 066

15,015

3, 10039, 584

549

14 3791 970

108. 061 2

45. 743.058.9

295. 322.2

28 226. 531.5

25.3

339. 696 7

255. 1161. 1117.3

245. 0. 179

34.030.1

98.3. 152

838.762.4

396.9294.6309.2

738.0.149

90,31614,048

16, 098

3,73245, 361

605

15 0101 872

78.059 7

43.238.650.7

308.120. 6

28.326.523.1

28.3

342. 985 8

256. 8183.5124.6

319.9.179

39.525.8

117.0. 152

888.062.9

417.7319.2300.2

801.5.146

69, 48414, 629

13, 909

3, 34242. 568

666

13 9051,987

79.051.9

39. 134.751.8

319.318.6

27 727.822 7

30.7

286.881 5

210. 3168. 9116. 5

392.0. 183

32.124.8

128.4.152

895. 499.3

417.9332. 1318.5

859.6. 151

4,84342. 89310. 131

11,348

3, 06333. 260

367

11 5262.011

111.162. 3

38.039.954. 6

307.522.0

28.426.722.4

36.2

299.184 9

219.1160.9109.2

434.2. 183

33. 327. 1

134.9. 152

946. 7101. 4

442.4341.5323. 2

933. 3. 148

19 75615,710

14,335

3, 29941, 114

490

13 9991,861*

105. 037 4

38.839.851.4

291.87.6

27.824.420.5

42.1

268. 5113 6

200.7164.3106 7

488. 7. 181

33 425.4

140. 6. 152

841. 189.2

395.0312.1304.0

959.2. 145

23 71614.182

12, 880

3. 28335, 836

432

11 7541.982

82.649 4

41.546.961. 7

285. 815.3

31.526.624.0

49.5

242. 5123 4

182 0162.0117.9

477.5.179

30.632.9

137. 0. 152

899.191.2

422. 7351.7347.9

956. 4. 142

4. 73228, 49113, 773

14, 772

3. 52842, 645

513

14.0S52,097

186. 153. 9

31.945.861. 6

269. 917.9

31.328 724. 1

54.1

192. I156 9

146. 3142. 9121.5

513. 4.176

31.734.8

135.3. 152

840.396.0

397. 4318. 1340.5

924.6.141

30. 76713, 945

13. 988

3. 22538. 592

510

13. 8492, 166

141.051 0

28.047.060.0

245. 019.0

32.329.526 7

55 9

130.9164 0

98.2117.4112.2

458.4. 171

23.335.4

'121.2. 151

891.4101.8

425.4352. 7352.1

930.4.133

29.21515, 054

15,033

3, 72545, 094

623

14.6471.880

41 0

45.562.1

218.816.0

32.026.828.9

51.9

99.9155 7

74.991.4

107.8

401.5p. 168

20.936.0

105.4p. 147

794.088.0

376. 6364. 9378.7

810.5p. 129

12, 404

3 2, 135

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value, total 9 thous. $__Calf and kip skins thous. skins__Cattle hides thous. hides..

Imports:Value, total9 - thous. $__

Sheep and lamb skins thous. pieces. _Goat and kid skins do

Prices, wholesale (f.o.b. shipping point):Calfskins, packer, heavy, 9^/15 Ib $ per lb._Hides, steer, heavy, native, over 53 Ib do

LEATHERProduction:

Calf and whole kip thous. skins__Cattle hide and side kip.._thous. hides and kips__Goat and kid thous. skins__Sheep and lamb do

Exports:Glove and garment leather thous. sq. f t _ _Upper and lining leather __ .do

Prices, wholesale:Sole, bends, light, f.o.b. tannery--.. $ per lb__Upper, chrome calf, B and C grades, f.o.b. tan-

nery $ per sq. ft..

6,36.7177574

5,8862,3081,605

.561

.139

5281,8311,5702,540

2,8793,449

.703

1.319

7,179212637

5,3572,3251, 228

p. 631P . 150

5331,8951,2392,658

5,2444,291

p. 707

p 1. 401

6,041179537

6,2382, 7561,736

.600

.143

5891, 9831,4582,850

5,5044,336

.697

1.443

7,537193699

6,6823,1821,465

.625

.159

3411,5351,0512,209

5,0404,241

.700

1.363

7,335169633

4. 3961,6591,277

.650

.178

5672,0791,0803,161

5,3884,007

.735

1.390

6, 406190488

5, 5762,5451,081

4921,8611,1482,635

5,5994,270

.740

1.398

7,194139594

5,1391,9231,115

5582,0201.3052,835

6,1744,430

.740

1.412

7,357201611

4, 6541,1261,109

.650

.163

5811,9661,3112,954

4,7613,744

.733

1.387

7,844148808

4,718973

1,012

.675

.148

5601,8691,2532,403

3, 6593,673

116704

5,2962,3301,109

.675

.148

5881,9471, 3262,462

3,4383,153

.717

5, 514179442

7,6153,1221,601

.700

.138

5101,8931.0492,570

3,1632,821

.710

1.380

6,304237515

9.1115,8531,463

4891,9131,1332,330

2. 9513,232

1.330

5. 677212452

6.0351.6871,512

.650

.143

5051,8521.1002.421

3. 5573.113

.717

1.323

6.957184572

7,0673, 3861,202

.650

.158

4721,9991,2092,806

3. 5062.499

5,9912,7821,278

p. 625p. 163

p. 680

pi. 349T Revised. *> Preliminary.i Average based on 9 months (Apr.-Dec.). 2 Crop estimate for the year.3 Aug. 1 estimate of 1962 crop. 4 Quarterly average.

IData formerly shown in mil. Ib.9 Includes data for items not shown separately.


August. 1962 SURVEY OF CUERENT BUSINESS S-31


1960 1961

Monthlyaverage

1961


1962


LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:Production total thous pairs

Shoes, sandals, and play shoes, except athleticthous. pairs-

Slippers for housewear ._ _ _ do _\ thlet ic doOther footwear _ do

Exports _ _ _ _ doPrices, wholesale, f.o.b. factory:

Men's and bovs' oxfords, dress, elk or sideupper Goodyear welt 1957-59 — 100

Women's oxfords, elk side upper, Goodvearwelt 1957-59-100

Women's pumps, low-medium quality- _do _ _ _

49 870

42, 5896, 216

584482

199

100 5

108 0109.3

49 982

42, 8776 131

501474

179

105 5

108 1110.2

50 088

42, 5546 235

095004

109

105 5

108 0109.9

42 157

36. 7784,082

302395

139

105 5

108 0109.9

57 146

47, 6128, 483

468583

202

105 5

108 3109.9

47 646

38, 1248, 526

444552

184

105 5

108 3109.9

51 842

41,0599 696

502585

210

105 5

108 3110.4

49 966

39, 8039 142

548473

198

105 5

108 3111.0

46 729

40, 4885 165

553523

160

105 5

108 3111.1

55 828

50, 4084 472

509

446

106

105 8

108 3111.1

53 4U

47, 9014 624

511375

166

105 8

108 3110.9

58 898

52, 21 75 631

583467

202

105 8

108 3111.0

52 887

46, 4735 317

579518

192

105 8

108 3111. 1

53 211

45, 7776 293

577564

191

105 8

108 3111.1

51, 110

38, 6806, 671

552693

105 8

108. 3111.1

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES

National Lumber Manufacturers Association:Production, total! _. __mil. bd ft ._

Hard woods do ___Softwoods do

Shipments, totalt do __.Hardwoods doSoftwoods _ - do

Stocks (gross), mill, end of month, total! _ do ___Hardwoods doSoftwoods _ _ _.- do --

Exports, total sawmill products do ___Imports total sawmill products do

SOFTWOODSDouglas fir:!

Orders new mil bd ftOrders, unfilled, end of month _ do

Production do _Shipments doStocks (gross), mill, end of month do

Exports, total sawmill products.. ... doSawed timber doHoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$ per M 1x1. ft..Flooring, C and better, F. G., 1" x 4", R. L.

$ per M bd. f t _ _Southern pine:

Orders newt mil bd ftOrders, unfilled, end of month do _

Productionf.. . doShipments! _ doStocks (gross), mill and concentration yards, end

of month mil bd ftExports, total sawmill products M bd. f t _ _

Sawed timber _ doHoards, planks, scantlings, etc do

Prices, wholesale, (indexes):Boards, No. 2 and better, 1" x 6", R. L.

1957-59 = 100Flooring, 13 and better, F. G., 1" x 4", S. L.

1 957-59 = 1 00 ._Western pine:

Orders, newt mil. bd. f t _ .Orders, unfilled, end of month do

Production! doShipments! _ . _ _ _ _ _ _ _ _ _ d oStocks (gross), mill, end of month! doPrice, wholesale, Ponderosa, boards, No. 3, I" x

12" R. L. (6' and over) $ per M bd. ft..

HARDWOOD FLOORING AND PLYWOOD

Flooring:Maple, beech, and birch:

Orders, new mil bd ftOrders, unfilled, end of month doProduction doShipments doStocks (gross), mill, end of month do ...

Oak:Orders, new doOrders, unfilled, end of month . doProduction do ...Shipments doStocks (gross), mill, end of month _ _ do ..

2,874513

2,361

2,803505

2,298

7,8801,9165, 964

72327

666533

696691

1, 146

321715

81.13

U30.03

517191

548518

2, 0477, 7941,9625, 833

99.0

97.4

719359

747725

1,957

74.86

3 211.63.03 19.7

69.038 573.270 695.6

2 641385

2 257

2 666415

2,251

7,9121 8976,015

64355

640471

646640

1, 126

231012

78.43

124. 21

545224

538544

2, 0875,8271,3424,486

92.7

95.3

727359

724728

1, 974

69.63

3.111.33.13.08.7

64.235.665.565 499.9

2, 864388

2 476

2,905407

2,498

7,8171 9125, 905

68397

728505

723714

1, 158

261313

79. 42

124. 05

548227

579577

9 0956, 5561 7004, 856

93.2

95.7

775355

780807

1,851

73.77

3 512.03.24 38.2

63.935 470.870 699.3

2,476381

2,095

2, 563404

2. 159

7,7311 8895,842

61406

594499

537600

1,096

209

11

79.52

124.05

522213

51°536

2 0715, 070

7684, 302

93.1

95.2

723372

73?706

1,877

72.14

3 212 02.83 07.8

59.334 358 662 195 8

3,047377

2, 670

3,010423

2, 587

7, 7661 8415, 925

73431

678466

711711

1,096

221012

79.90

123. 01

632225

600620

2, 0518, 4653. 5494, 916

93 2

95.0

809324

942857

1,962

68. 81

3 111.03.73.77.8

77.336.875.374.896.4

2, 829398

2,431

2,784438

2,346

7,8101 8016, 009

6637?

583424

638625

1, 108

23

11

78. 95

122. 59

578221

561582

2. 0303, 902

9053, 057

93. 3

95.2

770317

858777

2, 043

68.88

3 210.93.42.98.1

68.137 866. 768 393.4

2 842424

2 418

2 814421

2, 393

7,8091 8046, 005

66398

658446

638635

1, 082

221111

76. 85

121.74

595211

585605

2,0105, 500

9044, 596

93.3

95.2

794330

806782

2, 067

66.83

2 910 63.43 38.2

65.834 370 569 394 5

2 617398

2 219

2 497405

2 099

7,8831 7976 086

70348

598422

637623

1,096

219

11

76.66

121. 74

517183

569545

2 0345, 650

7804, 870

93. 2

95.0

621305

664645

2, 086

66. 03

2 610 53 22 68 6

61 131 568 466 094 8

2 205313

1 892

2 259404

1,855

7,8281 7066 122

64274

524419

546527

1, 114

219

12

75. 53

121.92

423185

489421

2 1027,2682 8894, 379

92.7

95.0

644312

577637

2, 026

65.74

2 210 02.82 69 1

49 627 355 354 884 7

2 220297

1 9?3

2 344397

1 947

7,5391 6065 933

80984

653508

588565

1,122

271116

75.23

120.18

498

506462

2 1464. 8921 3893, 503

93.7

94. 3

690380

513621

1,768

64.61

2 910 53 02 39 8

57 935 560 653 7

100 4

2 555409

2 146

2 624501

2 123

7 4261 5145 912

54351

618577

626573

1 131

187

11

76.18

119.98

579971

548599

2 1658,9241 3817, 543

93. 6

94.3

757441

636697

1, 707

65. 69

2 610 82 62 4

10 0

65 543 857 757 298 3

2 778395

2 383

2 920479

2 441

7 2841 4305 854

70400

679504

706739

1 105

351422

77.88

120. 41

6?1283

595609

? 1515, 2991 7003,599

94. 1

94.3

741467

705715

1 697

67.38

3 011 12 82 6

10 2

65 449 364 462 796 9

2 752437

2 315

2 920493

2 427

7,1301 3745 756

58436

717534

677688

1, 108

261214

78.46

120. 41

598292

570589

2 1326, 7771 6345, 143

94.4

94.5

759461

705765

1,637

70. 91

2 711 02 42 6

10 0

66 651 157 263 688 4

3 106496

2 610

3 242500

2 742

6 9891 3705 619

94457

757511

727780

1 050

301515

f 79. 03r 120. 58

674286

659680

2 1119. 3984 3675,031

r 94.6

94.4

853435

839878

1 598r 71 . 49

4 011 32 83 59 0

72 749 966 874 680 7

2,897524

2,373

3,040491

2, 549

6,8721 4055, 467

468

741500

661752958

» 79. 03

^120. 58

583264

597605

2, 103

94.3

94.6

781437

755780

1,573

P 69. 59

4 611 63.04 08 2

68 947 666 170 974 8

r Revised. v Preliminary.1 Average for 9 months (Apr.-Dec.),

!Revisions for 1959-1960 appear on p. 24 of the Nov. 1961 SURVEY; revisions for 1948-1958for stocks, all types of lumber, and for Western pine stocks are available upon request.


S-32 SUEVEY OF CURKENT BUSINESS Aug


1960 1961

Monthlyaverage

1961


1962

Jan.i

Feb. Mar. Apr. May June July

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade:Iron and steel products (excl. advanced mfs. and

ferroalloys) :Exports, total 9 cf thous. sh. tons_.

Steel mill products __ do__ .Scrape? - do

Imports, total 9 cf _ doSteel mill products cf doScrap do

Iron and Steel Scrap

Production and receipts, total thous sh tonsITome scrap produced _ _ _ d oPurchased scrap received (net) _ do__ _

Consumption total doStocks consumers', end of mo -do

OreIron ore (operations in all U.S. districts):

Mine product ion cf thous. Ig tonsShipments from mines cf do __.Imports cf do

U.S. and foreign ores and ore agglomerates:Receipts at iron and steel plants .__ _do .__Consumption at iron and steel plants doExports cf do _ _Stocks total end of mo cf do

At mines cf doAt furnace yards _ . . do _At U S docks do

Manganese (mn content), general imports cf do

Pig Iron and Iron ManufacturesPig iron:

Production (excl. blast furnace production of fer-roalloys) thous sh tons

Consumption doStocks (consumers' and suppliers'), end of mo.

thous sh tonsPrices:

Composite $ per Ig tonBasic (furnace) doFoundry No 2 Northern do

Castings, gray iron:Orders, unfilled, for sale, end of mo.

thous sh tonsShipments totalcf do

For salecf doCastings, malleable iron:

Orders, unfilled, for sale, end of mo.thous sh tons

Shipments total doFor sale do

Steel, Crude and Semimanufactures

Steel ingots and steel for castings:Production thous sh tons

Index 1957 59—100Steel castings:

Orders, unfilled, for sale, end cf mo.*thous sh tons

Shipments, total _ _ doFor sale total do

Steel forgings (for sale) :Orders unfilled end of mo doShipments total do

Drop and upset doPrices:

Composite, finished steel (carbon) $ per lb__Steel billets, rerolling, carbon, f.o.b. mill

$ per sh tonStructural shapes (carbon) f o b mill $ per IbSteel scrap, No. 1 heavy melting:

Composite (5 markets) 5 $ per Ig tonPittsburgh district do

Steel, Manufactured Products

Barrels and drums, steel, heavy types (for sale):Orders unfilled end of mo thousShipments do

Cans (tinplate), shipments (tons of metal con-sumed), total for sale and own uset

thous sh tonsFoodJ do

Shipments for sale© do

Steel products, net shipments :Total (all grades) ___thous. sh. tons..

Semifinished products doStructural shapes (heavy) steel piling doPlates . doRails and accessories do

865248598

340280

15

5, 4753,3002,175

5, 5399,487

7.3207,0142 882

9,3968, 522

43970,61111,40753, 3585,846

99

5, 5565, 552

3 471

65. 9566. 0066.50

739966534

736839

8.273101.9

23111689

31710679

.0698

95 00. 0617

32. 9533 00

1 6091. 755

404248338

5,929235438511105

1,018166810

32926221

5, 3153,2062,109

5,3618,651

5.9185, 9562,151

7, 7598, 143

41281,95815, 90159, 7906,267

86

5, 3935,483

3,250

65. 9566. 0066. 50

653902514

566036

8, 168100.9

15310178

2749873

.0698

95. 00.0617

36. 6435.00

1,5211,834

418260345

5,51021239549670

1,579146

1,388

35127718

5, 6173, 3652,252

5, 5308.385

8, 53810, 0352,186

11,3028, 545

76378, 85919, 58953, 1556, 115

64

5,6875,871

3,059

65. 9566.0066. 50

6661,027

606

526740

8,552107.1

15110984

25910880

.0698

95. 00.0617

38.4937.00

1, 5531,967

457267381

6,13422144048994

1,148168924

359300

11

4, 9583,0161,943

4,8118, 528

7, 87610,7182 724

12. 6818,518

66280, 03116,75757,3185,956

92

5, 5975,628

3,065

65. 9566. 0066.50

679804474

664227

8, 09298.1

1527757

2807254

.0698

95.00. 0617

37.7736.00

1,5411,756

475293401

5,12115837845163

1,057151850

378307

3

5,6233, 4662,157

5,5808,569

9, 07610,9313,273

13, 5358, 7671,124

82, 79614, 90862, 0865, 802

63

5, 7645,876

3,045

65. 9566.0066.50

686932572

636541

8,661105.0

15710280

2819772

.0698

95. 00.0617

39.0536.00

1, 5222,043

638447538

6, 139204424495

64

973165766

37726936

5,6843,5162,167

5, 5848,674

8,4829, 9612,567

12,1168, 965

69084, 43413,44065, 2385,756

68

6, 0196,105

2,999

65. 9566.0066. 50

685947567

595335

8,915111. 7

14810380

2839974

. 0698

95.00.0617

40.6438.00

1, 5301,841

539372443

6, 05824143754462

959208713

42333532

6,1513,6582,493

5, 8518,967

7,8969,3913 071

11,9999,681

55085, 74812, 10767. 5566, 085

93

6,3306, 327

3,057

65. 9566. 0066. 50

6491,031

594

596639

9,173111.2

15610882

28211084

.0698

95. 00.0617

39.0938.00

1,5131,960

453296367

6,04628742656761

861193630

50435734

5,7983,5332,265

5, 6559,108

5,0227,3932,218

9,5609,058

36284, 1489, 755

68, 0586,335

83

6, 1056,051

3,147

65. 9566. 0066.50

636990529

627140

8,746109.5

15610983

28211082

.0698

95.00.0617

33.1034.00

1, 4511,846

346204292

5,78726040360856

750212504

35029224

5,8193,6642,155

6,1908,741

3,7111, 6381,970

4,0809,532

6680, 57011, 86562. 6056,100

130

6,4006,425

3, 183

65. 9566.0066. 50

672922470

666837

9,569116.0

16911588

30810478

. 0698

95. 00.0617

34.1036. 00

1, 5101,607

344201289

5,78727240459067

652180445

37733222

6,2143,9412,273

6, 5318, 456

3,9111,6871 777

3,23010,316

13175, 64514,05555, 5726,018

75

6,8336,996

3,101

65. 9566.0066. 50

673981512

707543

10, 353125. 5

20011993

34011485

.0698

95. 00.0617

37.6739.00

1,4911,887

332

6,906276402648

94

550169357

321282

17

6 2303,8112,419

6 1838,506

3,5141,4651 588

3,1399, 696

7970. 94616,10749, 015

5, 824

105

6,4216,576

2,961

65.9566 0066. 50

681924474

697040

9,698130. 1

198126100

35611883

.0698

95.00.0617

36. 2538.00

1,4821,774

318

6,626289392612102

549153377

392339

16

r 6, 805»• 4, 280r 2, 525

6,777r 8. 534

4,0161,5462 061

3,71810, 623

4165,98518, 55942, 110

5, 316

99

7, 106r 7, 198r 2, 949

65. 9566. 0066. 50

7191,061

563

717642

10, 584128.3

189149112

345132103

.0698

95.00. 061 7

31.9833.00

1,5682,063

r381

7.699325473720136

551149385

368324

16

P5 984p3 794p 2, 190p5 827P 8? 598

4 5903 5092 718

5,0849 621

36262 07019 64337, 573

4,854

104

6 425p 6, 381

P3 101

65 9566 0066 50

7041,021

544

727450

9,236115.7

206130102

33112292

.0698

95.00.0617

30.1832.00

1,4381,945

396

6,783262434639113

740150560

509412

13

p5 545?3 420p2, 125

p5 169p9 066

9 4S°10, 30?3 723

13, 0057,974

62566 34918, 82042, 5914,938

103

5, 458P 5. 283

p3 278

65.9566.0066. 50

6741,046

572

708054

7,53691.3

190136107

31112394

. 0698

95.00.0617

'26. 1428.00

1. 4252,259

462

6,183220431567106

473364

19

4 975

13, 5646 758

49. 4055.183

87

4 582

65 9566 0066 50

>• 6. 692' 83. 8

.0698

95 00.0617

p 24. 14p26 00

5.36018840245387

65. 95

. 0098

T Revised. p Preliminary. 9 Includes data not shown separately,cf Scattered revisions for 1959-60 are available upon request.*New series (Bureau of the Census). Monthly data prior to Aug. I960 are available upon

request.

§Effeetive Jan. 1961, the composite reflects new weights; prices beginning Jan. 1961 are notcomparable with earlier prices. JRe visions for 1960-Apr. 1961 are available upon request.

©Revisions for Mar.-Sept. 1960 are shown in the Dec. 1961 SURVEY.


August 1962 SUKVEY OF CURRENT BUSINESS S-33


1960 1961

Monthlyaverage

1961


1962


METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products— Continued

Steel products, net shipments — ContinuedBars and tool steel, total _ thous. sh. tons__

Bars* Hot rolled (incl. light shapes) doReinforcing _ doCold finished do

Pipe and tubing _ do__Wire and wire products doTin mill products doSheets and strip (incl. electrical), total do

Sheets: Hot rolled doCold rolled ___ do

Fabricated structural steel:Orders, new (net) _ _ _ thous. sh. tons__Shipments doBacklog, end of year or mo._ __ do

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tons__Estimated recovery from scrap _ doImports (general):

Metal and alloys, crude doPlates, sheets, etc do. _

Exports, metal and alloys, crude _ __doStocks, primary (at reduction plants), end of mo.

thous. sh. tonsPrice, primary ingot, 99.5% min $ per lb_.

Aluminum shipments:Mill products and pig and ingot (net) t mil. Ib

Mill products total t doPlate and sheet (excl. foil)§ do

Castings do

Copper:Production:

Mine, recoverable copper A thous. sh. tonsRefinery, primary _ _ __do_ _

From domestic ores doFrom foreign ores do

Secondary, recovered as refined doImports (general):

Refined unrefined scrap©! doRefined -do

Exports:Refined, scrap, brass and bronze ingots* do _ _ _

Refined _ _ _ _ _ do _Consumption, refined (by mills, etc.) - _ _ _ d oStocks refined, end of mo., total _ _ do _

Fabricators' doPrice, bars, electrolytic (N.Y.) $ per lb_.

Copper-base mill and foundry products, shipments(quarterly avg. or total) :

Copper mill (brass mill) products mil IbCopper wire mill products© doBrass and bronze foundry products do

Lead:Production :

Mine recoverable lead thous sh tonsSecondary, estimated recoverable© .__do

Imports (general) ore©, metalj doConsumption, total - - - - do. _

Stocks, end of year or mo.:Producers', ore, base bullion, and in process©

(ABMS) thous sh tonsRefiners' (primary), refined and antimonial

thous. sh. tonsConsumers' cf- - _ _ doScrap (lead-base, purchased), all consumers

thous. sh. tonsPrice, common grade (N.Y.) $ p e r l b _ _

Tin:Imports (for consumption) :

Ore© _. - _ _ . Ig. tonsBars, pigs, etc t _ do

Estimated recovery from scrap total© doAs metal do

Consumption, pig, total doPrimary __ _ __ _ do

Exports, incl. reexports (metal) doStocks, pig (industrial), end of mo __ doPrice, pig, Straits (N.Y.), prompt $ p e r l b _ _

Zinc:Mine production, recoverable zinc

thous. sh tonsImports (general):

Ores©J doMetal (slab, blocks) do

Consumption (recoverable zinc content) :Ores© _ _ _ _ _ _ _ _ _ _ _ _ d o _ _ _Scrap, all types _ do

884576185115588248503

2, 4] 7666

1,206

299322

2,333

167.9127.3

12.73 1

23.7

185.3.2600

388.1254.1115. 762.6

90.0126.693.433.123.0

43.811.9

51.336.1

114.6174.398.0

.3205

470380216

20.639.229.385.1

145.1

158.997.3

'46.6.1195

1,1693,2951,800

2506,7104,290

7122, 7501.0140

36.3

38.110.1

7.416.1

83953220498

589253510

2,147585

1,013

343318

2,723

158.6'128.2

16.64 1

10.7

258.2.2546

403.4278.7124. 463.5

' 97. 1129.298.430.821.9

38.45.6

48.736.0

124.0187.7105.1.2992

517388212

21.8'37.733.785.6

100.6

' 205. 6'99.1

'41.3.1087

7433, 3251,800

2506,5204,140

6722, 6301. 1327

'38.7

34 610.6

7.118.2

929576238108739299605

2,319650

1,079

298361

2,415

159.134.0

17.13 6

13.5

247.5.2600

424.4305. 5137. 464.4

'99.3138.1107.630.524.9

39.34.7

49.331.4

147.2165.698.3

.3060

562405217

23.038.123.185.7

110.6

195.1106.4

41.2.1100

3913,0201,915

2506,9704,420

3018, 0001. 1455

40.1

41 010.9

7.121.1

793480224

84615232543

1,889514861

456287

2,517

164.728.0

15.3

14.4

256.9.2600

375. 2264.2120. 248.6

'89.9119. 388.930.418.4

50.44.7

46.829.382.6

197.1135.3.3060

19.534.535.571.6

119.6

193.8109.9

44.2.1100

5584,9041,670

2106,0903,920

30222.4751. 1625

35.2

31.87.4

5.814.7

942599231106781287605

2,336632

1,065

385359

2.378

167.036.0

21.9

7.8

259. 2.2600

426.6303. 6135.065.1

'84.0128.996.032.920.4

26.75.9

29.619.9

142.5192.7121. 6.3060

22.038.836.990.8

118.9

190.0110.2

45.3.1100

3754,0341,965

2457,2104,570

2223, 0801. 1978

40.0

37 010.4

6.318.2

931595228101694278485

2,387662

1,089

408326

2,729

159.632.0

19.5

6.8

255. 4.2550

416.5286.8126. 862.6

'98.3118. 790.827.820.7

30.25.9

30.023.4

138.5167.3108.2. 3060

526374203

20.538.632.389.1

112.8

189.7107.7

43.3.1100

1,4463.9291,795

2556,4804, 245

1624, 8751. 2185

37.5

26.714.4

7.618.4

938594228108632282430

2,423639

1,145

303354

2,566

167.336.0

22.8

11.8

255.6.2400

440.8294.2127. 372.6

' 104. 6129.8101.927.921.9

43.612.3

32.225.9

138.9162.3108.0.3060

20.942.237.192.3

116.4

193.1106.6

42.8.3100

3195,0302,005

2406,8954, 385

525, 6201. 2105

38.3

39 914.4

8.719.6

904586200110495244405

2,411637

1,163

333339

2,707

164.136.0

18.4

9.4

240.3.2400

446.3298.3129.970.8

' 104. 4130.4104. 326.123.1

47.74.7

30.525.3

137.1159.1102.9.3060

20.040.740.689.7

107.6

204.9106.5

39.4.1020

5774,2041,960

2856,8804,460

5425, 055

. 1. 2289

37.0

41 310.2

7.619.8

868601151108448216357

2,564693

1,294

373296

2,723

168.036.0

20.0

8.7

207.1.2400

435.8271.3115.873.7

' 103. 2131.1100.530.618.7

36.03.4

53.446.9

115.2159.4102. 4. 3060

532414233

20.734.840.889.8

100.6

208.196.1

38.6.1025

1,3463, 6281,795

3056,3403,990

4327, 0281. 2098

37.3

39 411 4

7.418.2

1,028707174137506260614

3,080846

1,555

314284

2,596

170.141.0

17.35 n

19.8

198.4.2400

429.4296.9133.979.8

103.0134.7103.531 221.5

50.26.2

37.631.9

134.7150.592.0

. 3060

22.536.739.296.1

90.7

207.293.7

40.3.1003

294,6251 930

2907,4404,750

4925, 7351. 2030

37.8

30 314 5

8.620.1

986682159136534261548

2,903783

1,406

276289

2,487

157.743.0

13.5

10.2

190. 8.2400

429.0292.2134. 373. 6

101.3136.7103.733.018.0

32.36.9

38.431.7

125.4157. 598.9

.3060

21.937.230.685.4

93.6

200.0101.3

37.2.0958

1,0381,8181,675

2056,9704,690

723, 7101. 2106

36.7

36 911.2

7.218.2

1,164823179152657313691

3,219871

1,566

221327

2,481

177.448.0

18.95 0

12.2

170.7.2400

516.5344.1159.081.2

109.6146.1107.938.223 9

54.16.2

33.927.7

151.0155.9102.2.3060

'582401235

21.937.145.788.0

93.0

203.6104.3

34.4.0950

6704,2471 890

2457,3605,280

9822, 8051. 2308

42.6

50 014 1

7 922.7

1,048698211130660302532

2,794738

1,371

274312

2,414

173.750.0

19.99010.4

154.5.2400

' 474. 1' 315. 9' 142. 2'78.8

108.8126.598.627.922.3

16.95.9

30.826.2

v 138. 8* 142. 4P96.8. 3060

24.035.536.383.8

88.3

199.7106.7

33.9.0950

7283,4571,795

2406 9204,850

322, 1351. 2212

41.9

32 213 2

7 9'20.1

980624226122663295564

2,356605

1,128

294357

2,352

184.252.0

30.06 19.7

137.8.2400

498.2353.9160.783.2

' 113. 9146.1109.336.824.9

64.65.3

30.227.2

v 142. 5v 153. 3P98. 4.3060

'25.037.733.891.9

95.1

193.7106.6

35.4.0950

6224,315

7,2305,170

920, 5101. 1719

'43 6

54 59 2

8 620.9

830500222101676273587

1,862504822

292349

2,406

179.1

33.0

132 6.2400

103 2145.8109.136 725.2

41.46.9

37.534 6

P 143. 0pl56 6pl02 1

.3060

23 6

30.9

94 3

.0950

1,0052 38^5'

1. 1302

42 5

45 39 8

.2400

.3060

.0950

1. 1145

T Revised. v Preliminary. 1 Recoverable aluminum content. Monthly data areexpressed in metallic content (incl. alloying constituents); aluminum content is about 93%of metallic content. 2 Beginning July 1961, includes tonnage held by GSA.

§ Effective with the February 1962 SURVEY, figures for plate and sheet exclude shipments

of foil; comparable data back to January 1954 are available upon request.©Basic metal content. J Scattered revisions for 1960-Feb. 1961 will be shown later.cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-

base scrap. ARevisions, Jan.-May 1961 (000 tons): 97.7; 88.7; 100.8; 91.3; 102.8.


S-34 SUEVEY OF CURRENT BUSINESS August 1962


1960 1961

Monthlyaverage

1961


1962


METALS AND MANUFACTURES—ContinuedNONFERROUS METALS AND PROD.— Con.

Zinc— ContinuedSlab zinc:

Production (primary smelter), from domesticand foreign ores thous sh tons..

Secondary (redistilled) production doConsumption fabricators' doExports doStocks, end of year or mo.:

Producers' at smelter (AZI) doConsumers' do

Price, prime Western (St. Louis) $perlb._HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, cast iron:Shipments mil sq. ft. radiation..

Oil burners:Shipments thousStocks end of year or mo do

Stoves and ranges, domestic cooking:Shipments total (excl liquid-fuel types) do _

Gasd" ' _ do

Stoves domestic heating, shipments, total ..doGasf do

Warm-air furnaces (forced-air and gravity air-flow),shipments totalf thous _ _

Gas doWater heaters gas shipments do

MACHINERY AND APPARATUSFans, blowers, and unit heaters, qtrly. totals:

Fans and blowers new orders mil $TJnit-heater group new orders© do

Foundry equipment (new) , new orders, netmo avg shipments, 1947-49—100

Furnaces, industrial, new orders, net:Electric processing mil. $Fuel-fired (exc for hot rolling steel) do

Material handling equipment (industrial) :New orders index* 1957-59 = 100Shipments index* do

Industrial trucks (electric), shipments:Hand (motorized) number..Rider-type do

Industrial trucks and tractors (gasoline-powered),shipments number. _

Machine tools:Metal cutting tools:

Orders new (net) total mil. $Domestic -- - do

Shipments, total doDomestic do _ _

Estimated backlog _ _ months..

Metal forming tools:Orders new (net) mil. $Shipments.. _ _ . do. _Estimated backlog months

Other machinery and equip., qtrly. shipments:Construction machinery (selected types),

total 9 mil $Tractors tracklaying total doTractors, wheel (con. off -high wav) doTractor shovel loaders, integral units only

(wheel and tracklaying types) mil $Tractors, wheel (excl. garden and contractors'

off-highway types) mil $Farm machines and equipment (selected types),

excl tractors mil $

ELECTRICAL EQUIPMENTBatteries (auto, replacement), shipments thous..Household electrical appliances:

Ranges (incl. built-ins), domestic and exportsalest - - - thous

Refrigerators and home freezers, output1957=100

Vacuum cleaners (standard type), sales billedthous...

Washers, sales billed (dom. and export)©- -do

Radio sets, production! doTelevision sets (incl. combination), prod.§___doElectron tubes and semiconductors, factory sales

mil. $..Insulating materials, sales billed, index

1947-49=100Motors and generators:

New orders, index, qtrly doNew orders (gross) :

Polyphase induction motors, 1-200 hp__mil. $._D.C. motors and generators, 1-200 hp do

67.05.7

73.26.3

188.067.8

. 1295

1.72 8

42.845.9

151.8148.5

154.7100.9

104.878.9

208.2

i 38.5121.5

118.8

1.32.9

99.2r 103. 1

461470

1,885

41.9029.3542.3032.85

12.5012.00

4.2

'1252.2i 67. 5116.2

i 58.0

i 89.4

U86.2

2,194

124.6

111.8

276.1272.9

1,427.2475.7

82.6

137

i 162

13.62.3

70.34.4

75.74.2

151.290.6

.1154

1.22.6

44.444.8

155.8152.5

145.888.1

102.980.6

204.7

140.8115.7

96.9

1.02.6

103.489.6

385380

1,639

46.3531.4042.3028.60

K A

10.9012.40

3.6

r 1 237. 41 59.4

r i 18. 6r i 55. 2

U07. 4

U81.8

2,359

127.5

115.4

273.6278.9

1, 447. 8514.8

78.4

134

'l 150

12.32.3

68.04.8

80.42.6

207.859.5

.1150

1.14.3

44.155. 4

170.2167.2

149.195.3

107.286.6

173.7

41.817.7

130.8

1.23.5

141.6103.9

427376

1,844

52.1031. 5046.7530.20

9.4017.45

3.3

284.870.9

'23.6

64.2

133.8

222.4

2,037

139.3

132.0

242.0304.3

s 1,626.33 615. 1

80.8

139

154

13.72.8

65.34.5

69.53.7

206.664.0

.1150

1.03.9

35.954.4

117.6114.4

157. 397.4

104.283.5

160.1

69.0

1.41.3

106.488.4

395393

1,753

46.7027.8537.2024.95

8.9512.55

3.0

2,093

100.1

113.8

213.9228.4

1, 030. 4383.4

58.0

105

11.81.9

62.23.6

84.75.1

188.162.1

.1150

1.53.6

62.650.9

187.4183.6

226.8136.2

129.099.1

201.3

62.0

.93.3

93.098.3

388385

1,667

44.8029.6534.0523.15

10.1012.95

2.8

2,688

122.9

72.9

270.1332.6

1,385.1514.7

85.9

135

11.82.2

63.05.0

83.33.3

165. 162.9

.1150

1.63 2

55. 143.8

190.1185.8

243.2145. 3

149.4112.0182.1

40.614.5

108.4

1.21.1

95.386.5

377349

1,735

55. 6534.0541.2027.10

10.9510.70

2.8

' 250. 070.521.3

56.9

68.9

158.4

2,811

144.8

122.7

302.2401.9

32,048.73 694.6

89.5

146

'151

13.52.4

75.85.6

89.32.7

150.171.3

.1150

1.52.9

62.441.8

189.7184.9

290.3177.5

152.4114.3214.6

106.9

1.41.6

102.892.6

495370

1,987

47.3028.5545.1528. 35

9.1011.00

2.7

3,215

122.3

117.4

327. 6321.9

1,796.4620.8

80.0

150

12.12.8

76.75.2

83.51.3

146.481.6

.1150

1.32.7

46.141.4

164.6159.7

167.8105.5

99.676.6

193.7

77.7

.82.6

91.381.3

272292

1,031

51.9539. 8048.1032.20

12.9511.00

2.9

2,855

130.9

117.0

300.8286.2

1, 730. 8583.0

79.5

149

11.11.7

80.15.1

79.33.5

151.290.6

. 1198

.92.6

37.444.8

148.6146.5

84.445.8

85.468.7

213.2

39.716.9

86.8

.92.1

97.082.7

336383

981

44.6533. 5057.2539.55

12.6013.55

2.8

r 182. 044.813.5

46.5

79.9

122.3

3,010

147.4

124.3

269. 9252.4

3 1,845.23 580. 3

76. 0

157T 143

12.32.5

78.45.5

91.51.1

150.386.9

.1200

1.12 5

31.249.9

149.5146.7

86.149.6

86.871.4

207.7

153.2

1.95.8

104. 575.8

333327

1,328

42.0534.3043.0530.65

16.7010. 25

3.3

3,219

130.3

119.0

301.0263.9

1,350.6488.9

72.9

154

11.22.4

74.44.9

85.24.1

144.786.6

.1200

1.12.6

32.352.2

157.6155.0

79.842.1

81.065.1

191. 4

145.3

1.42.6

108.579.7

357326

1,278

33.9526.3042.1030.15

15. 1511.95

3.7

'*223. 1

2,466

133.6

130.0

304. 5289.6

1,464.8541. 5

73.1

160

11.92.3

79.56.0

93.04.8

138.786.3

.1200

1.02.8

39.855.6

175.6172.7

117.978.6

86.970.7

216.0

40.813.6

98.5

1.01.5

' 115. 8101.5

506523

2,185

44.6035. 3055.4038.65

18. 7512.00

4.4

220.361.013.6

48.1

132.2

210.0

1,776

156.7

' 144. 7

330.2334.0

31,810.43 659.3

85.9

185

144

13.62.4

78.75. 1

86.46.5

144.6'83.9.1150

.63.2

'28.862.8

163.2159.7

84.744.8

'90.5' 75. 1201.8

163.4

1.12.9

115.6107.5

541388

2,180

43.7034.4548.7035.30

16.2011.65

5.0

2 29.2

255.9

1,551

132.5

143.4

290.7265.2

1,472.7510. 6

77.2

155

13.12.5

78.94.1

91.12 5

145.376.3

.1150

.83.4

36.564.0

168.3165.5

110.154.3

98.781.6

195.8

114.3

1.23.7

131.3107.9

535533

2,272

r 51. 65' 41. 65' 54. 60' 36. 40

' 11. 95r 12. 10

r 5. 1

2 26 7

2 50 0

' 1. 770

137 6

131.4

282.9296.0

1,444.1474.6

'77.0

13.32.0

147 1

.1150

182.5

1.72.1

492560

2,641

49.3539.4060.7542.10

3. 8

12.5013.30

5.0

1,968

154.8

247.3334.9

31.721.9'3620.7

162 4

.1150

1, 144. 9347.5

r Revised. i Quarterly average. 2 Data are for month shown.3 Data cover 5 weeks. * Revised 1st qtr. 1961.cf Includes data for built-in gas fired oven-broiier units; shipments of cooking tops, not

included in figures above, t9taled 32,100 units in May 1962.tRevisions for gas heating stoves (Jan.-June 1960) and warm-air furnaces (Jan.l959-June

I960) are available upon request.©Beginning 1961, excludes new orders for gas-fired unit heaters and duct furnaces; revi-

sions for 1960 are shown in the Apr. 1962 SURVEY. *Revisions available back to 1954.

9 Includes data not shown separately. ^Revisions for 1960 appear in the Feb 1962SURVEY.

OData exclude sales of combination washer-drier machines; such sales (incl. exports)totaled 2,500 units in June 1962. P

§Radio production comprises table, portable, auto, and clock models; television setsexclude figures for color sets. Data for June, Sept., and Dec. 1961 and Mari and June 1962cover 5 weeks; other months, 4 weeks.


August 1962 SUEVEY OF CURRENT BUSINESS


1960 1961

Monthlyaverage

1961


1962


PETROLEUM, COAL, AND PRODUCTS

COAL

Anthracite:Production thous. sh. tons__Stocks in producers' 3rards, end of mo doExports do _ _Prices:

Retail, stove, composite $ per sh. ton__Wholesale, chestnut, f.o.b. mine-- .do

Bituminous:Production thous sh tonsIndustrial consumption and retail deliveries,

total 9 - -thous. sh. tons..Electric power utilities _ _ doMfg and mining industries, total _ __ do_ __

Coke plants (oven and beehive) do

Retail deliveries to other consumers do

Stocks, industrial and retail dealers', end ofmonth, total 9- thous. sh. tons _

Electric power utilities doMfg. and mining industries, total do

Oven-coke plants _ do

Retail dealers do

Exports doPrices:

Retail, composite $ per sh. ton..Wholesale:

Screenings, indust. use, f.o.b. mine doDomestic, large sizes, f o.b. mine do

COKEProduction:

Beehive -.- thous. sh. tons__Oven (byproduct) _. doPetroleum coke§ do

Stocks, end of month:Oven-coke plants, total do

At furnace plants doAt merchant plants do

Petroleum coke d o _ _ -Exports . do

PETROLEUM AND PRODUCTS

Crude petroleum :Oil wells completed number..Price at wells (Okla.-Kansas) $ per bbl _Runs to stills mil. bblRefinery operating ratio % of capacity--

All oils, supply, demand, and stocks:JNew supply, total mil. bbl

Production:Crude petroleum ... do_ _ _Natural-gas liquids, benzol, etc do

Imports:Crude petroleum _ doRefined products- do

Change in stocks, all oils (decrease, — ) do

Demand, total doExports:

Crude petroleum doRefined products do __

Domestic demand, total 9 do -Gasoline doKerosene _ .-_ do

Distillate fuel oil _ . doResidual fuel oil . _ _ doJet fuel _ _ - _ . _ do -

Lubricants _doAsphalt do .-.Liquc fled gases - do

Stocks, end of month, total^ doCrude petroleum doNatural-gas liquids doRefined products!- do

Refined petroleum products: }Gasoline (incl. aviation):

Production doExports doStocks, end of month:

Finished gasoline. doTin finished gasoline ..do

Prices (excl. aviation):Wholesale, ref. (Okla., group 3) $ per gal..Retail (regular grade, excl. taxes), 55 cities

(1st of following mo.) $ per gal.

1,568315120

27.6713. 948

34, 626

i 31, 7021 14, 4901 14, 425

1 6, 751

2,534

72, 33348, 24423,21611,287

693

3,045

17.06

5. 1647.690

844,6851, 000

« 4, 1524 2, 947

1,2051,159

29

1.8742.97

246.083

298.3

214. 628.4

31.024.4-2.5

300.8

.35.9

294.6126. 011.0

'57.246.68.6

3.68.7

18.9

790.2248.028.4

513.9

126.91. 1

188.912.7

.116

.210

1,484198129

28.1413. 347

33,333

31, 20214, 96913, 8576,158

2,311

69,12647,61820,9709,680

538

•\ 915

17.12

25.0187.541

r 3 7 3' 34, 236

1,256

4,3983,0301,3691, 064

37

1,8212.97

248.982

305.9

218.529.9

31.825.73.4

302.5

.35.0

297.2127. 711.9

57.845.08.7

3.59.0

19.33 813. 8

249.435.9

5 529. 0

127.67

189.513.3

.117

.205

1,372178159

27 4711. 970

31,844

27, 9661 3, 72213,1376,153

1,010

70, 69848, 36021,7889,931

550

3, 401

16.74

5.0187. 256

78' 4, 211

1 236

4,3582,9281 4301,111

27

1,7342.97

239 680

288 0

213.128.7

27.219.09.8

278.2

.45.4

272.4138. 5

7.8

37. 031.68.5

3.613.816.4

817.0261 138.2

517.8

123.21 i

183.713.9

.125

.206

1,20217393

27.6412. 460

26,866

28, 24114, 20112. 9346,277

1,007

67, 13946, 95119, 5978, 496

591

2, 775

16.81

5.0187.273

72r 4, 320

1 325

4, 3542,8841,4701, 135

47

1, 7352.97

257 083

307 3

215.729.4

38.024.321.2

286. 1

.24.8

281. 2137. 4

9 2

39.239.38.0

3.514. 115.7

832 2257 041.4

539.9

135.16

182.513.3

.125

.214

1,565253142

27. 7612. 460

37,592

30, 62615, 33613, 4696.506

1,710

69, 65348, 45220, 2768,936

625

3, 914

16.91

5.0167.367

'84r 4, 466

1,342

4,3012,8911,4111,112

41

1,8242.97

262.185

302.7

220.229.6

34.018.83.3

299.3

.35.4

293. 6140.410.1

40.838.49.7

3.716.218.0

841 6248 142.8

550.7

136. 58

178.513.1

.115

.206

1, 423293151

27.8912. 950

35 193

30, 63614, 79713, 5626,628

2,173

70, 69749, 37120, 7109,135

616

3,780

17.04

5.0167.470

'73r 4 558

1 183

4 1012 7721 3991,095

59

1.6762 97

239 380

292 7

209.828.0

33 121.812.0

280 7

14 4

276 2130. 1

9 5

41 236 510 2

3.513 516 9

853 6251 0

44.4558. 2

123.39

173.311. 7

. 105

.199

1.636297141

28.2413, 370

39022

33, 36715, 3521 5, 0527,069

2,860

72, 61250, 26821,7149,813

630

3,716

17.29

5.0167.590

'81r 4, 864

1,292

4,0352,7641,2711,081

35

1,8592.97

253.582

308 2

220.930.4

33.623.312.6

295. 7

25.2

290 3128.812 1

48 043.08 4

3.812 719 5

866 2251 1

44.2570.9

130.66

173 913.1

.095

.201

1,532276224

28.2413. 370

37 820

34, 02115, 73415, 3996,992

2,789

73, 85150, 42122, 80810, 454

622

3,202

17.33

5.0137.690

'75T 4, 822

1 270

4 0242,7961 2281,068

39

2,0312 97

246 182

302 2

214.631.0

30.126.5

-12.9

315 0

45.0

309 6128.413 8

64 148.38 4

3.57.6

21 7

853 3248 741.7

563 0

128.29

174 012.8

.105

.205

1,404233200

28.9013. 930

34 812

37, 29417 00716, 6237 395

3 645

71,41848, 60922, 28310 393

526

2,565

17.33

5.0137 690

'78r 5 091

1 334

4 0322 8201 2121 063

45

1,9562 97

258 984

319 2

226.632.4

29 9

31.0—28. 3

347 5

34 7

342 6125. 817 8

87 75P 08 6

3.13 9

26 5

825 1244 737. 1

543 3

134.93

184 211.7

.115

.204

1,806193192

29 0813. 930

37 620

39, 43717, 72317, 1207,641

4, 593

66, 94045, 29821, 1849,779

458

1,900

17.45

5.0167.717

1005,2741 319

3 8602,6791 1811,062

23

1,9262.97

265 386

335 2

227.831.9

36 339.3

-37.1

372. 3

14 7

367 5121.4

>;)1 1

101 163 99 5

3.53 4

29 6

788 0242 429.9

515 7

132 84

195 6(6)

.110

204

1,51915998

29.1013. 930

32, 970

34, 47515, 44315, 4907,046

3, 541

64, 52343, 59620, 5219,408

406

2,421

17.45

5.0187.717

924,8681 218

3,7612,6141 1471,053

16

1,5532.97

242 086

297 8

209.129.2

31.627.9

-13.1

310 9

15 0

305 8109. 216 0

82 450 4

7 3

3 53 6

20 8

774 9240 230 0

504 7

118 94

205 7

.098

198

1,509149178

29.1013. 930

36.170

35, 77516,17216, 431

7, 697

3, 169

63, 22242, 19420, 7269, 405

302

2, 426

17.45

5.0187.700

945, 1551 338

3 6372,5011 1361.071

22

1. 5462.97

254 082

326 3

228.732.0

31.833.9

-10.8

337 0

24 6

332 2130.415 0

75 G55 69 6

3 64 8

22 7

764 1245 630.2

488 2

129 9I

206 0

.090

. 198

1,25415653

28.8811.998

34, 100

r 30, 88914,137

r!4, 919Tl 194

1,794

64, 18543, 17120, 7189 431

296

2,854

17.43

4.9327 329

764 9281 170

3 6512 5071 1441,031

39

1,5272 97

243 0'81

311 2

221.730.3

32 226.919.8

291 5

14 9

286 4129! 510 6

53 740 58 9

3 86 9

18 4

783 9255 932 8

495 2

123 6Q

200 4

.115

195

1,315193119

28. 1411.998

r 36 720

29, 87215,13413, 8486 457

798

66, 40244 96521,0399 666

398

3.788

16.97

4.932r>7 164

'574 4531 337

3 7742 6231 1501 014

28

2,1262 97

256 383

312 6

223. 030.4

34.225.114.6

298 0

35 2

292 5140.7

9 0

44 638 610 0

4 011 217 8

798 4255 735 3

507 4

131 93

192 4

.115

198

1, 336

27 75P! 1.998

p38 145

16 89

M 927P7 195

533 788

3 8322 6971 135

2 97

P. 120

198

964

T Revised. T> Preliminary.1 Revisions for Jan.-Sept. 1960 appear in the Dec. 1961 SURVEY.2 Data beginning Apr. 1961 are not entirely comparable with those for earlier periods;

monthly average based on Apr.-Dec. data.3 Revisions for Jan .-May 1961 will be shown later.4 Revisions for Jan.-Aug. 1960 appear in the Nov. 1961 SURVEY. « See note marked "J".6 Beginning January 1962, data for unfinished gasoline are no longer shown separately,

but are included with unfinished oils.

9 Includes data not shown separately.§Includes nonmarketable catalyst coke.I Minor revisions for Jan. 1959-Nov. 1960 for various items will be shown later.t Beginning Jan. 1961, data for the indicated items include stocks formerly excluded.

Dec. 1960 data on revised basis may be derived by adding to the published totals and in-dividual stocks the following amounts (thous. bbls.): Jet fuel held by pipeline companies,414; bulk terminal stocks—lubricants, 2,429; asphalt, 2,849; miscellaneous oils, 131.


S-36 SURVEY OF CURRENT BUSINESS August 10(12


1960 1961

Monthlyaverage

1961

J line July Aug. Sept. Oct. Nov. Dec.

1962


PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— Continued!Aviation gasoline:

Production mil bblExports doStocks end of month _ __ ._ _ _ _ d o

Kerosene:Production _ _ _ _ _ _ . d oStocks end of month doPrice, wholesale, bulk lots (N.Y. Harbor)

$ per galDistillate fuel oil:

Production _ ..mil. bblImport1^ doExports - doStocks end of month doPrice, wholesale (N.Y. Harbor, No. 2 fuel)

$ per gal _Residual fuel oil:

Production mil. bblImports _ -_ _ _ - do"Export^ doStocks end of month doPrice, wholesale (Okla., No. 6) $ per bbL_

Jet fuel (military grade only):Production _ mil. bbl_Stocks end o f month _ _ _ _do

Lubricants:Production doExports - do .Stock« end of month doPrice, 'wholesale, bright stock (midcontinent,

f o b Tulsa) $ per galAsphalt:

Production mil. bblStocks end of month _ _ _ do

Liquefied petroleum gases:Production _ _ do _Transfers from gasoline plants doStocks (at plants, terminals, underground, and

at refineries) end of mo mil. bbl

Asphalt and tar products, shipments-Asphalt roofin0 total thous. squares--

Roll roofing and cap sheet - doShingles all types do

\sphalt siding _ doInsulated sidincr doSaturated felt^ thous. sh tons.

9.5.8

13.5

11.328.7

.104

55 61. 1.8

127.9

.094

27.719.41.5

' 45. 11.69

7.46.6

4.91.39.4

.257

8.212.8

6.512.7

24.2

4,9971.8133,184

739482

9.76

11.7

11.831.0

i .109

58.01.3.6

127. 6

' . 099

26.319.61.2

45.81.58

7.92 7 . 6

4.91.4

2 12.7

.260

8.52 16. 0

6.613.1

34.4

5.1311,7783, 352

718577

9. 4.9

11.6

9.530.3

. 105

52.51.0.7

109.5

.095

23.312.31.1

47.41.45

7.57.9

4.61.3

12.7

.260

10.919.3

6.610.1

36.9

7,0722. 2574.814

7610897

9.65

10.7

11.132.4

.105

58. 21.5.6

129.6

.095

25.816.9

.850.21.45

8.18.2

5 *>1.5

12.9

.260

11.817.7

6.29.9

40.7

5.7272, 0103,717

71105

76

10.8.6

10.8

11.333.9

.108

61.21. 1. 4

150. 9

.098

25.212.81.4

48.81.45

8.98.5

5.11.7

12.6

.260

11.914.1

6.411.8

42.3

6. 6282. 3614. 267

8712592

9 9. 7

10. 6

11.335.9

.108

54.61.4.3

165 4

.098

23.914.8

.950.31.45

8.07.9

4.51.2

12.4

.260

10.912.1

5.911.3

43.7

6.8132. 3894.423

9210598

9 9.5

11.3

13.137.3

.108

59.91 2.7

177 9

. 098

25. 117.41.2

49.01.45

7.57.7

5.11.4

12.3

.260

10.510.5

6.313.6

44.0

7. 0722.4504. 622

103112104

9 1.8

11.1

12.436.2

. 108

59.51.4.6

174.2

.098

25.721.01.0

46.71.45

8.27.8

5.01.5

12.3

.260

7.610.9

6.615.6

41.9

4,4351, 5582,876

827673

10 0

11.6

13. 632.4

.113

63.72 4. 7

152 0

.103

30.024.11.3

44.91.55

8. 58.3

4.91.2

12.9

.260

5.813.0

7.119.2

36.4

3,3101.2192,092

524363

9 °3

10. 9

14.526 4

113

68 4

8121 0

.103

30 431.01.2

41.61. 55

7.68.1

5 01.3

13 1

.260

4.814.7

6.522.4

28.2

5,1191,7713,348

753297

9 2.3

11.3

1.4.725.3

.113

61.2.6

100 0

.103

26.522.9

1.639.51.65

7. 18.1

4. 7.9

13.4

.260

5. 116. 6

6.014.6

27 7

2. 531903

1.628

363848

9 91

11. 2

12. 723.3

.110

62.17

.986 5

.100

26.927.51.4

37.11.65

8.68.3

5.01.2

13.6

.260

7.019.0

6.715.8

27.7

5 8141,5844 229

625978

9 7.4

10.6

11. 124 2

. 104

54.31 5.5

88 3

.094

22 920.4i - l . O39.31.65

8 68.5

5 31.8

13 3

.260

8 520.8

6.312 5

30.4

4 3961.6412 755

507983

11.19

10.3

11.427.3

.104

57.51 5.4

102.3

-.091

23.318.21. 5

41.01.55

9.28.3

5 01. 7

12 7

260

11.321.3

6.712.0

5 1811. 6853 316

5810°87

P. 099

p. 086

P. 155

p. 260

6. 2361,7494 101

619994

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts - thous. cords (128 cu. ft.)._Consumption doStocks end of month do

Waste paper:Consumption thous. sh. tons..Stocks end of month do

WOOD PULPProduction:

Total, all grades __thous. sh. tons-Dissolving and special alpha doSulfate doSulfite do

Groundwood doDefibrated or exploded _ _ _ _ doSoda, semichem., screenings, etc _ _ d o

Stocks, end of month:Total, all mills _ _ d o

Pulp mills doPaper and board mills _ ___ _ _ - d o _ _Nonpaper mill^ _ do

Exoorts, all grades, total doDissolving and special alpha _ _ d oAll other -_do _ _ .

Imports all grades total doDissolving and special alpha doAll other do

PAPER AND PAPER PRODUCTS

All paper and board mills, production:Paper and board, total _ _ _ thous. sh. tons__

Paper doPaperboard . do_ _Wet-machine board ... __do.Construction paper and board do

3.4483,3745,483

753550

2,11095

1 216215

274100209

902299529

74

953461

19815

184

2, 8721,2841, 306

14268

3,4733,5265,769

754517

2, 206100

1 290215

268105229

89932650964

983662

20613

192

2,9811 3191,383

11267

3,4653, 5605,323

778516

2,265100

1 326222

266119234

93235651561

933558

22411

213

3, 0941,3251, 453

13303

3, 2683,1995,389

684531

1,99080

1 166179

256102207

93534752662

883751

19012

178

2, 6971,1661,245

8277

3, 8993,6235,655

825501

2,30597

1 347217

278120245

917332509

77

1173978

22412

212

3, 1771 3621, 485

11319

3, 5463.4365,772

790479

2,15882

1 288195

254108230

87831550658

792653

19816

183

3,0121 2931,429

11280

3. 8553 8515,820

816498

2,415118

1 414230

282116256

87931750655

943856

22517

207

3,2901 4461,528

10305

3,4983,7315 521

770509

2,363106

1 402226

274105251

879305509

65

954353

23114

217

3.1271 3551,493

11268

3, 2583,3795, 495

710562

2,093106

1 201206

25789

234

86729250668

984058

21012

198

2. 8431 3051, 303

11224

3, 5733,6775 270

780494

2,273113

1 339222

27499

226

83628049164

853451

21916

203

3,1391 3951,476

12257

3,7933, 5785 522

729481

2, 234102

1 334212

93218

83728448866

994752

23818

220

3,0131 3^61,431

11245

3,8303,8345 493

795479

2,410119

1 413220

289110260

88229851172

833251

23325

208

3, 2771 4411, 546

12277

3,3533,6895 116

760496

2, 345105

1 368221

275110265

87229550473

873849

r934

28r207

3,139r i 396

1,45811

274

r 3, 694r 3, 894r 4 915

T 777r 493

2, 464111

1 447223

295116272

89832449975

1134567

23121

210

' 3, 278T i 440r 1, 534

12293

3, 6973 7344 867

767495

2.369106

1 390215

288112259

904329500

75

°4123

218

3. 1691 3601 513

12284

r Revised. p Preliminary.1 Prices beginning Jan. 1961 not strictly comparable with earlier data.

2See note marked "f" on p. S-35.tSee similar note on p. S-35.


August. I'.HKJ SUEVEY OF CUERENT BUSINESS S-37


1960 1961

Monthlyaverage

1961

J une July Aug. Sept. Oct. Nov. Dec.

1962


PULP, PAPER, AND PAPER PRODUCTS--Contiimed

PAPER AND PAPER PRODUCTS-Con.

Paper, exc. building paper, newsprint, and paper-board (American Paper and Pulp Assoc.):

Orders, new9t - thous. sh. tons _Orders, unfilled, end of month 9 t do

Production t doShipments 9 f - . do

Fine paper:Orders new _ doOrders unfilled end of month do

Production doShipments do

Printing paper:Orders, new _ doOrders unfilled end of month do

Production doShipments _ _ _ doPrice, wholesale, book paper, "A" grade, English

finish, white, f.o.b. mill $ per 100 lb_.Coarse paper:

Orders new thous. sh. tonsOrders, unfilled, end of month _ . .do__

Production _ _ _ _ doShipments do

Newsprint:Canada (incl. Newfoundland):

Production _ doShipments from mills doStocks at mills, end of month _. do

United States:Production _ __ d o _ _Shipments from mills doStocks at mills, end of month ._ _ do

Consumption by publishersc?.- - _ _ _ d o . .Stocks at and in transit to publishers, end of

monthcf thous sh tons

Imports - do.Price, rolls, contract, delivered to principal ports

$ per sh. t on__

Papcrboard (National Paper-board Assoc.):Orders, new _ _ _ thous. sh. tons..Orders, un f i l l ed , end of month ... ._ . doProduction total do

Percent of activity - -Paper products:

Shipping containers, corrugated and solid fiber,shipments t mil sq. ft. surf, area

Folding paper boxes, shipments, index of physicalvolume 1947-49=100

926682

1.118922

14479

148145

398396

389391

16. 85

324161

333325

562563209

17016934

461

634

451

134. 40

1.322427

1.32889

9.078

124.0

960653

1.147'940

15384

158152

409368

397395

16. 95

334154

332330

561559225

* 174U74MO

455

620

45,5

134. 40

'1.4004(51

1 , 39491

9, 563

124.0

972659

1,162959

15086

160152

422379

407403

16.95

345153

341341

558573246

16617136

447

594

484

134. 40

•"•1,426427

1 , 45094

9,959

132. 6

873650

1,003839

14591

135135

370360

357358

16. 95

303152

296296

555553249

i 1694 162

443

413

618

446

134. 40

' 1, 252

4721 , 202

78

8,584

106. 9

971648

1,172959

15688

160156

408352

404402

16.95

340158

338335

585609225

18818249

417

671

465

134. 40

'1,55952!

1.52395

11,215

135.0

945661

1,134940

14874

162154

398362

398397

16.95

335170

319322

548555217

16417340

451

664

449

134.40

'1,487571

1 , 44392

10,576

130.0

1,064691

1,2641,024

15976

167158

445376

427426

16.95

382184

368368

596590224

18317944

512

623

461

134.40

r 1,517522

1 , 54098

10,660

135.8

978639

1,180974

15775

166158

400338

401404

16.95

348176

349347

594619199

17818537

499

612

507

134. 40

'1.450

'4851, 492

95

10. 006

128. 0

948644

1,144958

14969

164155

416360

397400

16. 95

320161

329337

528560167

16316733

473

584

456

134. 40

'1,354445

1,37184

9, 000

123. 1

1.061697

1.2159*8

16891

162165

440355

422422

2 16. 53

373193

346333

554498223

18517543

434

585

446

134. 40

1.381473

1 . 35491

9. 523

118.5

967722

1. 158953

16097

159153

428397

402402

16,61

314175

335332

515469268

16917042

415

586

394

134. 40

1.401483

1.38996

9, 036

115.5

* 1,079'729

r 1,263' 1.054

'181101

' 175

' 178r 478'415

'449'449

16. 71

'347' 160

'354'351

578532315

18718643

481

587

439

134. 40

1,588466

1 , 60397

11,145

' 127.5

'989'710

' 1,227' 1,001

'162'95

' 169'163

'429'410

'425'424

3 16. 44

'324149

'342'337

525543296

17318036

487

550

426

134. 40

1,432468

1,43294

9, 463

' 119.3

1 9261 604! 9621 945

16688

175166

428380

434434

' 1 6. 50

332136

353345

574601269

19018739

499

547

484

134. 40

1, 563460

1.58395

10, 442

' 130. 1

p 1 6. 50

566573261

18818244

457

557

449

pl34. 40

1.530451

1 , 53997

10,362

v 126. 2

1 , 356542

1,28184

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption thous. Ig tonsStocks end of month doImports incl. latex and cuayule doPrice, wholesale, smoked sheets (N.Y.)...$ perlb._

Synthetic rubber:©Production thous Ig tonsConsumption _ _ _ __ .. - doStocks, end of month doExports _ _ _ _ . do

Reclaimed rubber:Production doConsumption __. _ ... . doStocks end of month do

TIRES AND TUBES

Pneumatic casings:Production thous

Shi pmen ts, total doOriginal equipment doReplacement equipment doExport do

Stocks, end of month doExports (Bur. of Census) . . do

Inner tubes:Production.. . __ do...Shipments doStocks, end of month doExports (Bur. of Census) . _ .. do

39. 9278 4834. 23

. 385

119 7089. 94

232. 5228. 74

24. 4023. 0432 02

9,987

9, 9753, 3506. 482

143

26, 558117

3,4153, 399

10,348107

35. 6168. 6532. 59

. 296

117 0091. 85

245.5524. 75

21.9920.8632 15

9, 728

9, 8590 8386. 908

114

'>6 1?881

3, 1°43 i;)89

9,14666

36. 0567.8734. 84.300

107 5094. 04

243. 1720. 13

25. 1222.3632 60

9,919

11, 7093,1238,473

113

24, 80076

2, 8383. 3238, 948

58

30.1470. 2234. 24

. 291

111.0479.25

253. 4421.92

19.1017.5733. 27

8,881

9, 5982, 0237, 490

84

24, 09883

2, 7333. 0468,641

58

37. 9766. 9732. 59

. 300

114.9498. 61

239. K427. 87

22 5020. 9233 04

10, 345

10, 2(591, 9288, 215

196

24, 12779

3.2113 1928, 700

58

37.1263. 8129. 29

. 305

116 6194. 90

240. 8722. 90

20. 6820. 6231 83

9, 893

9,9882, 6207,239

130

24. 09691

3.0812, 8568, 890

64

40. 1962. 3840. 65

. 295

133 79106.51242. 94

24.72

23.2422. 5631 69

11, 150

11, 1093, 4297, 518

162

24, 19585

3, 5603, 4359, 096

76

38.3163 0736. 71

. 274

129 62100. S3

244. 8924. 42

22. 3421. 1230 03

10, 329

9. 7393,8415, 789

109

24, 91666

3, 2322,9039. 458

54

36. 4068 0839 07.278

1 38 4997. 58

256.2427. 92

21.6120. 1 730 83

10 483

9, 1 763 6895, 849

139

•?6 36776

3, 002'>, 88H9, 7*4

61

40.4769 7441.46. 280

127 93107.07247. 9922. 05

25. 1423.2130 54

11,501

10,9773, 5347,333

110

26, 80073

3,6915, 3678. 062

81

36 1869 5932 78.283

V>7 1795. 85

255. 0224. 43

22 3021.0130 27

10 369

9, 0363 2275, 680

129

28 10964

3, 6053, 6798, 131

50

39 6369 52*>9 97.286

138 521 03. S9261.84

27. 99

24 3822.6430 89

13 278

10,9153 6577, 149

109

'>8 52386

4,0093 5828. 714

109

37 4768 5133 20

. 289

130 ?5100 27261 . SS25.80

23 1722. 2430 85

10 906

11,5653 7357. 717

113

27 83875

3. 4133 2408. 794

83

40 4564 9837 84

. 298

131 95109 72259. 1821. 90

24 1022.8728 59

11 712

12.0843 9588, 002

123

27 50686

3. 4273 2239, 075

69

39 4062 5028 69. 282

124 61107. 76254. 62

25 2223.3429 66

272

r Revised. * Preliminary. ^ D a f a for indicated items exc lud<> estimates for tissueand special industr ia l paper. 2 Beginning Jan. 1962, on revised basis (cash discount de-ducted) ; not comparable with earlier data. Jan. 1962 price on old basis, $16.95. 3 Xotentirely comparable with data prior1 to month noted. 4 Includes Alaska and Hawaii begin-n ing July 1961.

9 Data exclude estimates for "tissue paper." ~; Revisions w i l l be shown later as fol-lows: Paper, e.xel. bklg. paper, etc., Jan.-Dec. I960; shipping containers, Jan. 1959-Mar.

1961. cf As reported by publishers accounting for about 75 percent of total newsprintconsumption in 1961. Alaska and Hawaii are represented beginning Jan. 1961.

© Revised effective with the June 1962 SURVEY to include data for stereo and other elas-tomers (except polyurethanc rubbers) as follows: Production and consumption, beginningJan. 1961; stocks, beginning Dec. 1960.

0 Revisions, Jan.-May 1961: 1.227; 1,257; 1.471; 1,320; 1,480.


S-38 SUEVEY OF CURRENT BUSINESS August 1062


1960 1961

Monthlyaverage

1961


1962


STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production, finished cement... _thous. bbL-Percent of capacity _ _ _ _

Shipments, finished cement thous. bbL-Stocks, end of month:

Finished doClinker do. _ _

CLAY CONSTRUCTION PRODUCTS

Shipments: tBrick, unglazed (common and face)

mil. standard brick..Structural tile, except facing thous. sh . tons.Sewer pipe and fittings vitrified doFacing tile (hollow), glazed and unglazed

mil. brick equivalent-Floor and wall tile and accessories, glazed and un-

glazed mil. sq. ft .Price index, brick (common), f.o.b. plant or N.Y.

dock 1957-59 = 100..

GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments (qtrly. total and qtrly.average) thous $

Sheet (window) glass, shipments do. _Plate and other flat glass shipments do

Glass containers: JProduction thous. gross-

Shipments domestic, total doGeneral-use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers,

jelly glasses and fruit jars) thous gross

Beverage doBeer bottles doLiquor and wine do

Medicinal and toilet doChemical, household and industrial- do ..Dairy products do

Stocks, end of month do

GYPSUM AND PRODUCTS

Crude gypsum, qtrly. avg. or total:Imports thous sh tonsProduction do

Calcined production qtrlv avg or total do

Gypsum products sold or used, qtrly. avg. or total:Uncalcined uses thous sh tonsIndustrial uses doBuilding uses:

Plasters:

All other (incl Keene's cement) do

I^ath mil sq ftWallboard do\11 other! do

26, 58875

26, 244

35, 51225, 532

541.840.7

154.5

33.9

19.4

103.5

«7(),482"26,61943, 863

13, 358

12, 890

1,469

3,698

9581,3761,243

2 9011,095

151

20, 705

1,326"2,456

2 148

a C)9,5

71

299299

477 61,458 6

59 4

26, 95074

26,889

35 87924, 989

535. 639.7

145.8

35.3

19.0

103.8

65,11327, 74337, 370

13, 957

13, 633

1,491

3,904

1, 0071, 8071,289

2,9851, 007

142

21, 582

1,2422,378

2 062

99265

250263

411 61 483 9

56 3

31, 59488

34, 030

37 34628, 960

638.542.7

180.4

40.1

21.2

103. 5

60, 99626, 20434, 792

15, 367

15, 683

1,374

3,875

1, 7573, 2661,412

2 8141, 067

118

21, 729

1,4552,499

2 178

99764

276977

438 91,545.9

64 2

32,51188

31,980

37, 88926, 189

605.741.5

163. 3

37.8

18.1

103. 6

14, 785

12, 893

1,311

3, 888

1, 2691,9461,027

2.426912114

23, 266

33, 26289

37, 376

33 76821,958

664. 941.6

182 5

40.0

22.6

103.9

16, 482

17,862

2, 515

5, 456

1,0522,1131,444

3 8911,201

190

21, 700

31, 47487

33, 468

31 78518 704

591.537.9

167. 2

35.5

20.6

104.2

67, 70930, 63137 078

13, 761

13, 713

2,341

4, 153

7501,5151,257

2 642892163

21.415

1, 4222,605

2 282

1,17965

281303

466- 91,651.4

63.8

32, 34887

35, 681

28 43716, 204

647.443.0

176 5

39.0

20.8

104. 1

14,717

13, 747

1,421

4,284

7761, 4641, 656

2 9871.009

150

22. 054

27, 625

25, 692

30 38216 913

550.139.1

134.8

37.3

20.0

104.1

12, 769

12, 840

1,190

3,926

8141, 3SO1,390

3 151845144

21 , 706

23, 39363

17, 485

36 34319 531

387.430.998.1

28.8

16. 5

104. 1

71, 84031,80340, 037

11, 949

12, 225

1,016

3, 656

1,1311,5121,173

2, 854734149

21.157

1, 2402, 404

2 055

1,04965

240250

380 61, 528. 5

54.0

17, 05146

13, 669

39 79224, 758

319.028.481 6

26.5

17.8

104.2

13, 482

12, 623

1,163

3,859

7451,4921, 164

3 219842139

21,789

15, 30945

14, 477

40 62628 956

358.427.887 6

23 2

17.7

104.9

13, 103

11,905

1,173

3, 559

8591 3541,122

2 964764110

20, 45454

21. 269

39 81732 891

503.531.3

125 7

29.1

20.8

105.1

74, 65832. 14442. 514

14, 480

13,975

1,396

3 886

1. 1691 9391 377

3 277811120

23. 066

1,0192,038

1 916

64367

•^26207

335. 51, 395. 1

46.2

28, 08977

27, 990

r 39 95832 767

' 649. 9T 35. 2

r 159 3

34.9

20.3

105.1

14.016

13, 452

1,251

3,492

1, 5682,0711,196

2 966796112

23, 256

33,71988

33, 677

40 00030 031

725.638 9

177 4

37 2

22 6

r 104. 9

r 15 209

r 15 090

1 256

* 4 126

1 7072 6511 261

3 097869123

23 205

104.9

15. 947

15, 540

1,490

4,139

1,7172 9281, 289

3 035' 824us

23, 392

1i "

TEXTILE PRODUCTS

APPAREL

Hosiery, shipments thous doz pairsMen's apparel, cuttings: Jo*

Tailored garments:Suits thous unitsOvercoats and topcoats do

Coats (separate), dress and sport _ do _Trousers (separate) dress and sport do

Shirts (woven fabrics), dress and sport -thous. doz.Work clothing:

Dungarees and waistband overalls doShirts do

Women's, misses', juniors' outerwear, cuttings.'c/1

Coats ,. thous. units.Dresses doSuits do

Waists, blouses, and shirts thous. doz__Skirts do

r Revised. i Data cover a 5-week period.a Revisions for 1960 are shown in the Apr. 1962 £^Revisions for Jan. -Mar. 1961 will be shown late

12,600

1,786435

8418,2621,942

231304

1,95220,888

809

1, 288712

> U R V E Y .r.

14, 008

1,597375

9577,4651,872

284301

2,02921, 192

820

1,340708

14, 837

11,5501545

1965i 8, 135U,975

1280i 285

1,98621,867

843

1,388855

12,297

936456

5446, 3681,432

236236

2, 08117,1881,004

1,161738

17, 441

1,788676

9648, 9602,012

340324

2. 83521, 759

1,035

1,335854

14,628

i 1, 5851470

i 820i 7,61511,935

i 3201 330

2, 15517, 642

582

1,215612

ircover •i

rf

16, 114

1,744360

1,0767, 9362, 020

320320

2,57621,448

660

1,413

ata for Jweeks.

Revision

15,618

il ,8351345

1 1, 160i 7, 445i 2, 285

i 310i 350

2.46720, 922

768

1,321654

une, SepBegimi

s for Jan

12,267

1,696244

1,1127,0161,984

264288

1,65816,848

682

1,003412

t. and Ning Feb.. 1959- A

14, 678

i 1, 8801200

i 1,335i 8, 160i 2, 155

1305i 295

1,87719, 958

1, 097

1, 298581

ov. 19611902, theig. 1960

13, 958

1,726214

1,1158,5142,137

295325

2,27121,2811,119

1,454697

and Jan.data art

are avail

14, 952

1,881281

1,2659,8492, 258

308324

2, 40726, 1901.079

1,687676

1962 «rcalenda

able upo

13, 124

1,873370

1,2348,8242,042

308338

1,20425, 780

626

1,434710

*Ter 5 wer-monthn reques

14,310

1, 796470

1, 2149,3122 245

332331

1,15626, 629

542

1,434824

^]\B; othetotals.

t.

14. 680

1.649500

1, 1879. 0752 003

315326

r months of 1961

§Comprises sheathing, formboard, and laminated board.




1960 1961

Monthlyaverage

1961


1962


TEXTILE PRODUCTS—Continued

COTTON

Cotton (exclusive of linters):Production:

Ginnings§ thous running balesCrop estimate, equivalent 500-lb. bales

thous. bales

Consumption^* doStocks in the United States, end of mo.,

total t doDomestic cotton, total _ __ _ _ do.

On farms and in transit. -doPublic storage and compresses. __doConsuming establishments _ _ _do

Foreign cotton, total__ _ _ do

Exports - doImports* doPrices (farm), American upland cents per lb__Prices, middling 1", avg. 14 markets do

Cotton linters:Consumption!! thous. balesProduction _ _do_ __Stocks end of moj do

COTTON MANUFACTURES

Spindle activity (cotton system spindles) :1t\ctive spindles, last working day, total thous

Consuming 100 percent cotton doSpindle hours operated, all fibers, total mil

Average per working day _ _ _ _ _ _do. _Consuming 100 percent cotton do

Cotton yarn, natural stock, on cones or tubes:Prices, f.o.b. mill:

20/2 carded weaving $ per Ib36/2* combed knitting do.

Cotton cloth:Cotton broadwoven goods over 12" in width:

Production qtrly avg or total mil lin ydOrders, unfilled, end of mo., as compared with

avg weekly production No. weeks' prodInventories, end of mo., as compared with avg.

weekly production No. weeks' prod

Fxportst thous sq ydImports^ do

ATill marginsf cents per IbPrices, wholesale:

Denim, mill finished cents per yd__Print cloth 39 inch 68 x 72 doSheeting class B 40-inch 48 x 44-48 do

MANMADE FIBERS AND MANUFACTURES

Filament yirn (rayon and acetate) doStanle incl tow (ravon) do\Toncellulosic (nylon acrylic protein etc ) doTextile glass fiber (exc. blown glass wool and

pack) mil Ib

Exports:Yarns and monofilamentsj _thous. l b _ _Staple tow and tops do

Impoits:Yarns and monofilomentst _ doStaple tow and top^t do

Stocks, producers', end of mo.:Filament yarn Crayon and acetate) mil IbStaple, incl tow (rayon) _ _ do _Noncellulosic fiber* doTextile glass fiber* do

Prices, ravon (viscose):Yarn, filament. 150 denier _ Sper lb- -Staplc, 1.5 denier __ _ . _ _ _ _ do

Manmade fiber broadwoven fabrics:Production qtrly av°' or totalj9 mil lin yd

Rayon and acetate (excl. tire fabric) doNvlon ind chiefiv nvlon mixture^ doPolyester ind chiefiv polvester blend5* do

Exports, piece goods _ _ thous. sq. yd

SILKImports raw thous. IbPrice, raw, A A, 20-22 denier $ per IbProduction, fabric, qtrly. avg. or total

thous. lin. y d _ _

1 14, 2651 14, 272

725

14, 44714,3763, 6989,1591,520

70

62812

30.131.4

113134543

19,26917,59210, 008

4639,161

.665

.938

2,341

13.6

4.5

36, 58437, 90S

29.89

38.217.417.2

455 7163 678.5

169 3

44.3

6, 6073,620

3995, 128

63. 4,5(5. 1

6 66.36 15.7

.82

.29

594 2358. 6

78 5106 2

12,871

5734. 60

6, 791

14, 325

1 14, 318

711

13, 41 113, 3373, 7897,7371,811

74

53314

31.032.2

109130544

19, 03717, 3309,764

4508,887

.647

.926

2,289

11.8

5.5

39, 11721, 208

24.49

38.315.116.3

482.0160. 4100. 2185.4

36.0

7,0183,834

5413, 190

56.453. 5

6 70. 96 22. 1

.82

.26

594. 2364. 864.2

115.7

11, 557

5575.20

5,891

4 822

7, 8557,810

4235, 4341, 953

45

2489

30.932.2

4 13150

514

18, 97617, 305«11,276

451410, 280

.641

.916

2,310

11.4

5.7

39, 97114, 338

23.51

38.315.015. 9

467 7154. 692.5

188.7

31.9

4. 4275,216

5192,629

60.856.370.020.1

.82

.26

575 5354. 963 5

106.8

10, 046

5405.18

5,309

228

537

7,1717, 130

4904, 7541,886

41

3041

31.432.6

7639

468

18, 98517, 2737,492

3756,761

.641

.924

15.2

7.0

26, 83716, 934

23.43

38.315.015.9

7, 0594,216

5992,045

63.158. 6

.82

.26

9. 532

4195.21

r685

690

19,92019, 82513, 821

4,2161,788

95

64498

32.633.1

10443

385

19,06517, 2709, 550

4788, 658

.641

.929

12.3

5.2

43, 96722,219

23.94

38.315.316.3

5.4124,035

5412, 695

59.155.3

.82

.26

10, 758

7595.44

2,683

4 847

18,80618,70112,2314,8701,600

105

32224

32.833.4

*124105357

19,10217,344

4 11,579463

4 10,525

.660

.934

2,200

12.2

5.0

40, 83317,026

24.62

38.315.316.5

495 0160.7103.1188 8

42 4

6,0763, 250

7772, 591

52.351.271.423.5

.82

.26

591 9371.161 6

107.7

11,614

5245.38

5, 736

r 8, 675

716

18, 00317, 8947, 8058,4891, 540

109

3017

33.933.6

111221429

19.08917,3139, 685

4848,782

.665

.941

11.5

4.8

40,51821, 280

24.97

38.315.316.8

7, 4054, 552

6634,886

48.643.4

.82

.26

13, 207

5415.25

T 11,687

4 875

16, 63416, 5344.192

10, 6711,671

100

4022

33.133.6

4 130227519

19,01717, 205

4 11, 872475

4 10, 753

.665

.953

11.2

4.8

39, 72623,366

24.99

38.315.316.8

8, 2304,274

7575, 606

45.940.3

.82

. 27

12, 297

7155.24

r212,638

664

15,44715, 3541,932

11,6641,758

93

5373

31.833.6

109187559

19, 00917,1818,875

4448,019

.665

.958

2,393

11.9

5.0

39. 64834, 281

24.96

38.315.316.8

525 1178 2115.0193. 7

38.2

10, 5743,734

4004,414

47.841.467.522.0

.82

.26

637 7391.765 9

198 6

13, 003

8025. 08

6,738

r313,996

4 868

14 04213, 958

94811,0791, 931

84

3825

30.433.6

4 129194623

18, 97117, 120

4 11, 661466

* 10, 513

.670

.958

10.8

5.0

31,33648, 690

24. 85

38.315.317.0

8,5063,329

6774,910

47.442.8

.82

.27

10.475

3895 08

717

13,31313,232

75910, 4072,066

81

3965

29.133.7

105174660

18, 99017, 1279,574

4798,615

.670

.958

12.3

4.9

41,140

24.94

38.315.117.0

7, 4534,633

6657,715

48.045.4

.82

.27

11,096

6885.22

730

11,92811,856

3339,3872, 136

72

3925

29.433.8

111156691

18, 97817,1059,597

4808,622

.670

.956

2,425

11.9

4.8

43,617

25.09

39.615.517.0

576 9188.1123. 1217 6

48.1

8,7843,513

5375, 715

51.349.563 721.1

.82

.27

657 7393.4

76 7127 7

12 %4

5455.42

6. 325

4 867

10 77910, 715

2848, 3362, 095

64

3034

31.833.8

4125124694

18, 98717, 107

411,668467

4 10, 535

.670

.941

11.4

4.9

57, 001

25.38

40.315.517.0

5 58 7« 38. 9

9,2084,338

5484,351

51.651.1

.82

.27

12, 661

5245. 73

713

9 7?69, 674

2487,4461,980

52

3613

32.733.9

10685

655

18, 80616, 9019,501

4758, 506

.661r. 938

11.0

5.0

34, 497

25.06

40.315.517.0

s 59 9* 39. 7

8,7214,406

8595,043

49.848.5

82.27

11,890

49]r 5 98

709

8 5988 550

1336 6561, 761

48

132.634.1

10458

599

18, 81716, 8699,510

4768,481

p. 661p. 938

10.1

5.1

30, 757

24.90

p40. 3p 15. 5P17.0

s 57 05 40.6

7115,710

47.951.2

P. 82p ^7

399P 6 22

287

" 15 109

32.634.0

r Revised. * Preliminary.' l Total crop for year. 2 Girmings to Dec. 13. 3 Gimiingsto Jan. 16. 4 Data cover a 5-week period. 5 Data are for ironth shown. 6 Qtrly. avg.

7 Aug. 1 estimate of 1962 crop. §Total ginnings to end of month indicated, except asnoted.

1 Data for June, Sept. and Nov. 1961 and Jan. nncl Apr. 19G2 cover 5-week periods; othermonths. 4 weeks.

{Scattered revisions for 1959-Apr. 1961 are available upon request.f Revised series. See note in the Sept. 1961 S T R V K Y ; data for Aug. 1957-June 1960 are

available upon request9 Includes data not shown separately. *Ncw series; data for 1954-60 are available

upon request.


S-40 SUEVEY OF CURRENT BUSINESS August 1!«'!2


1960 1961

Monthlyaverage

1961


1962

Jan. Fob. Mar. Apr. May June July

TEXTILE PRODUCTS Continued

WOOL

Wool consumption, mill (clean basis) :UApparel class .. _ _ - . . . -. thous. lb__Carpet class do

Wool imports, clean content ... _ --do _.\pparcl class clean content do

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine $ perlb__Graded fleece, % blood _ do

Australian, 64s, 70s, good topmaking do

WOOL MANUFACTURES

Knitting yarn, worsted, 2/20s-50s/56s, Bradfordsystem wholesale price 1957-59= 100__

Woolen and worsted woven goods, exc. felts:Production qtrly avg or total thous lin yd

\pparel fabrics total doWomen's and children's do

Prices, wholesale, suiting, f.o.b. mill:Flannel men's and boy's 1957-59=100..Gabardine women's and children's _ do

20, 35613, 55519, 5978,202

1.1651.0701.166

100.6

71,61470, 18940, 668

96.796.8

21,90712, 25421, 07910, Oil

1.1841.0321.110

96.7

71,72170,03543,228

93.895.2

i 27, 206! 12,92520, 49010, 134

1.2001.0221.125

99.2

79,59078,31547,326

93.095.2

19, 1079, 294

24, 64812, 223

1.2011.0101.125

99.2

93.095.2

22, 43013,14619, 4428,357

1.2281.0521. 125

99.2

93.095.2

125,7231 15, 02920, 4928 962

1.2301.0751.125

98.0

74,43572,69448,223

94.695.2

21.70913. 87625, 0399 690

1.2081.0751.125

96.7

94.695.2

1 26, 4911 14, 62917,2199 564

1.2001.0751.125

96.7

94.695.2

19, 90211,81117, 11410 159

1.2001. 0751.125

95.5

6902666,35340,955

94.695.2

1 25,6091 14,08523, 98216,299

1.2001.0751. 125

96.7

94.695.2

22, 74011,38722, 74715, 409

1. 2001. 0751.125

99.2

94.695.2

23, 52311, 15925, 94519 187

1.2001 0751.125

99.2

75 46473 43142, 066

94.695 2

1 27, 828112,21621, 01913 846

1.2241.0751.125

100.5

94.695.2

23. 43411,50120, 13313 579

1.2331.0751.135

100.5

94 696.9

23, 06111.93222, 38715 485

1.2451 0751.175

100.5

96.9

1. 2521. 0751.175

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLESA

Orders new (net), qtrly. avg. or total mil. $__U S Government do

Prime contract do_ _Sales (net), receipts or billings, qtrly. avg. or total

mil. $.-IT S Government do

Backlog of orders end of year or qtr 9 do\i S Government do

\ireraft (complete) and parts doFnginos (aircraft) and parts doMissiles, space vehicle systems, engines, pro-

pulsion units and parts mil. $Other related operations (conversions, modifica-

Mrcraft (civilian): Shipments © doAirframe weight ©.thous. l b _ _Exports mil $

MOTOR VEHICLES

Domestic _ ._ _ _ _ _ _ _ - ._ do _Passentrer cars, total do

Domestic doTrucks and buses, total. do

Domestic do

Exports total t numberPassenger cars (new and used) doTrucks and buses do

Imports (cars, trucks, buses), total eft doPassenger cars (new and used)^ do

Production, truck trailers: t(Complete trailers total do

Vans doChassis van bodies for sale separately do

Registrations:©New passcn°"er cars thous

Foreign cars doNew commercial cars _ do

RAILROAD EQUIPMENT

Freight cars (ARCI):Shipments number

Equipment manufacturers, total doRailroad shops, domestic do

\rew orders doEquipment manufacturers, total. __ __ do.._Railroad shops, domestic do

Unfilled orders, end of mo doEquipment manufacturers total doRailroad shops domestic do

Passenger cars' Shipments doUnfilled orders, end of mo do

Freight cars, class 1 (AAR): §Number owned, end of year or mo thous. _

Held for repairs % of total owned

15,46212, 0566,0891, 566

4,690

2,049

103.42, 347

44. 8

655 8625. 7556. 2544. 299. 581.5

27, 89010, 57017, 320

41,28739, 278

4, 8642, 916

549

548 141.678.6

4, 7763,1241, 652

2, 9631,8721,091

31,97714 75817,219

20265

1, 6629 4

3,3572,6193,035

3,7382,883

13,96511,0435, 6461,546

3,829

1, 803

82.11,82427.6

556. 4527. 3461.9450. 2

94. 577. 1

22, 4449, 489

12, 955

24, 86024, 076

4, 2632,650

462

487 931 676. 6

2, 6551,5721,083

2, 5091,602

967

13, 4624, 6168,846

17202

1,6078 8

3,3532, 4553,098

3,8752, 913

14,18711,3135, 6531,446

4,256

1,861

97.52,16061.6

681.8644. 1567. 6557. 1114.287.1

24, 2237, 962

16, 261

23, 89223, 472

4, 6492, 758

526

572 037.081.0

3,1422,0851,057

1,2171,082

135

11,8303,3418,489

8294

1,6389.3

67.71,510

9.8

498.0473.2407. 3400. 090. 773.2

28, 5S18, 235

20, 346

20, 9S520,313

3, 7522,248

515

500 533.883.9

1,234764470

2, 5872, 429

158

10, 7855, 008

13281

1, 6289.3

60. 41,31731.5

243. 5224. 2172.8168.4

70. 755. 7

20, 9003, 577

17. 323

19, 78719, 673

4, 8663, 022

405

470 635.182.0

2,4031, 076

727

1,4541,389

65

9, 8314,7165,115

21260

1. 6249.5

3,5252,7083,115

3,6352,860

14,07711,1835,7721,414

4, 063

1,754

61.51,34025. 4

451.4426. 6367. 4359. 8

84. 166. 8

17,4165,910

11,506

22,52122 127

4, 3792, 785

245

370 533.374.6

2,8112,125

686

3,1431,2801, 863

10,2103.9186.292

14246

1, 6219.4

79.91,781

11.4

638 3608.3545. 1529. 4

93. 178.9

19,6829. 200

10, 482

28, 85428,344

5. 3723 056

272

549 632.582.9

1,9081 , 205

703

2, 080944

1, 142

10, 3733 0420, 731

7239

1.6149. 1

72.51,45717.9

754.6722. 3646. 9

107. 794. 6

2'\ 03112,6589, 973

20. 48820, 005

5, 1713, 525

334

557.928.981.6

2,5131.726

787

4,1093,479

030

11,9845. 4«!56, 579

0239

1,6139.0

3,7263 0643,396

3,8563,004

13,96511 0435, 6401 546

3, 829

1,803

83.61, 77019.2

759 5720. 5646.7631. 1112.889. 4

21, 49713 2348. 2(53

33, 30532, 395

4. 7553 375

233

525 724 279.0

1, 9401, 060

874

5, 7352,8182 917

1 5, 7017, 1348,627

0264

1, 6078.8

87.81,72626.4

711.0684.2610. 9595 9100. 188.3

20,1171 1 , 7998,318

32, 30531,337

5, 4843,845

738

491 725.776.7

2,1281, 250'878

5, 3362, 7292, 607

19,0118, 01 1

10, 400

0264

1, 0048.9

109. 12,04560. 1

028 0003. 7533. 6518.595. 085 2

1 7. 58010,221

7, 359

37. 09530, 527

5, 2953 577

719

475 425. 070.9

2, 6901,772

918

1, 4071,128

339

17,7377. 9709,767

0264

1,6008.8

3,1992 5522,868

3,8753 037

13 28910 5585 2141 504

3,748

1,655

77.61,74743.9

713 9685. 3005. 8588. 5108. 190.8

21,81812. 1409. 678

30, 34435, 038

6,3934 543

456

OH 131.789.2

4. 0773. 0701.001

1.5571 . 500

57

15. 2650, 4418,824

5259

1.5988.5

111.22,51140.8

719 6687. 8614. 3594. 8105. 393.0

23.71915, 2048,515

32, 60731,320

5,9103 978

496

640 432.796.0

3,4211.0771,744

' 2. 450r 1,437

1.013

14, 2440, 1528.092

24235

1.5948.4

121 22, 34531.0

780 °750. 7673. 5050 0112.7100 1

22. 00511 88210.183

32. 33531 189

6, 3914,217

393

657 831.094.6

3, 7581,9091, 849

r 3,290' 2,855

435

13, 7787 1006, 678

175

1,5888.3

92.41.915

678 2051.2509. 2555.0109. 090.2

30, 55129, 477

3,9112, 2191, 692

3,4112, 2941,117

13, 2747,1716,103

50163

1.5S28. 2

2 092 6

2 589. 6

2 102. 9

........

r Revised. ' Data cover 5 weeks. 2 Preliminary estimate of production.^See corresponding note, p. S-39.t Scattered revisions for 1959-00 are available upon request.AEtTective with the Tan. 1902 SURVEY, the q t r l y . data reflect an expanded survey and

include companies developing, producing, assembling, etc., complete missiles and spacevehicles (and engines or propulsion units). Comparable data prior to Dec. 31, 1900, arenot available.

:f Data cover complete units, chassis, and bodies.©Courtesy of R. L. Polk & Co.; republioation prohibited.§Excludes railroad-owned private refrigerator cars and private line cars.

. G O V E R N M E N T P R I N T I N G O F F 1 C E : 1 9 6 2


INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40 -

SECTIONS

General:Business indicators , 1-7Commodity prices 7, 8Construction and real estate 9, 10Domestic trade 10-12

Employment and population 12-16Finance _ _ . 16-21Foreign trade of the United States 21-23Transportation and communications 23, 24

Industry:Chemicals and allied products 24, 25Electric power and gas 26Food and kindred products; tobacco 26-30Leather and products 30, 31

Lumber and manufactures 31Metals and manufactures 32-34Petroleum, coal, and products 35, 36Pulp, paper, and paper products 36, 37

Rubber and rubber products 37Stone, clay, and glass products 38Textile products 38-40Transportation equipment . 40

INDIVIDUAL SERIESAdvertising 10, 11,16Aerospace vehicles 40Agricultural loans 16Aircraft and parts 3, 13-15, 40Airline operations 23Alcohol, denatured and ethyl 25Alcoholic beverages 8, 10, 26Aluminum 33Apparel 1, 3, 4, 7, 8, 10-15, 38Asphalt and tar products 35,36Automobiles, e tc___ 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40

Balance of international payments 2Banking 16, 17Barley 27Barrels and drums 32Battery shipments 34Beef and veal 28Beverages 4, 8, 10, 26Blast furnaces, steel works, etc 13-15Bonds, outstanding, issued, prices, sales,

yields 18-20Brass and bronze 33Brick 38Broker's balances 20Building and construction materials. 8-10, 31, 36, 38Building costs 9, 10Business incorporations (new), failures 7Business population 2Business sales and inventories 4, 5Butter 27

Cans (tinplate) 32Carloadings 23, 24Cattle and calves 28Cement and concrete products 8-10, 38Cereal and bakery products 8Chain-store sales, firms w<th 4 or more and 11

or more stores 12Cheese 27Chemicals 4-6, 8, 13-15, 19, 22, 24, 25Cigarettes and cigars 8, 10,30Civilian employees, Federal 14Clay products 8, 38Coal 4, 8, 13-15, 22-24, 35Cocoa . 23, 29Coffee 23, 29Coke 23, 24,35Communications 13-15, 19, 20, 24Confectionery, sales 29Construction:

Contracts 9Costs 9, 10Employment, hours, earnings, wages 13-16Highways and roads 9, 10Housing starts 9New construction put in place 1, 2, 9

Consumer credit 17, 18Consumer expenditures 1, 2Consumer goods output, index 3,4Consumer price index 7Copper 23, 33Corn 27Cost of living (see Consumer price index) 7Cotton, raw and manufactures 7, 8, 21, 22, 39Cottonseed cake and meal and oil 30Credit, short- and intermediate-term 17, 18Crops 3, 7, 27, 28, 30, 39Crude oil and natural gas 4, 13-15,35Currency in circulation . 19

Dairy products 3, 7, 27Debits, bank 16Debt, U.S. Government 18Department stores 11, 12, 17Deposits, bank 16, 17, 19Disputes, industrial 16Distilled spirits 26Dividend payments, rates, and yields 3, 18-21Drug stores, sales 11, 12

Earnings, weekly and hourly . 14-16Eating and drinking places 11, 12Eggs and poultry 3, 7, 29Electric power 4, 8, 26Electrical machinery and equipment 3,

5,6, 13-15,19,22,34Employment estimates 12-14Employment Service activities 16Expenditures, U.S. Government 18Explosives 25Exports (see also individual commodities) 1,

2,21, 22Express operations 23

Failures, industrial and commercial 7Fans and blowers 34Farm income, marketings, and prices 1, 3, 7Farm wages 16Fats and oils 8, 29,30Federal Government finance 18Federal Reserve banks, condition of 16Federal Reserve reporting member banks 17Fertilizers — 8, 25Fire losses 10Fish oils and fish 29Flooring, hardwood 31Flour, wheat 28Food products.__ 4-8, 10, 11, 13-15, 19, 22, 23, 27-30Foreclosures, real estate ,_ 10Foreign trade 21-23Foundry equipment , 34Freight car-loadings 23, 24Freight cars (equipment) 4, 40Fruits and vegetables 7, 8, 22Fuel oil 35,36Fuels 4, 8, 35, 36Furnaces 34Furniture 3,4,8, 10-15, 17Furs . 23

Gas, output, prices, sales, revenues 4, 8, 26Gasoline 1,35,36Glass and products 38Glycerin 25Gold 2, 19Grains and products 7, 8, 22-24, 27, 28Grocery stores 11, 12Gross national product 1, 2Gross private domestic investment 1,2Gypsum and products 8, 38

Hardware stores 11Heating equipment 8,34Hides and skins 8, 30Highways and roads ._ 9, 10Hogs 28Home Loan banks, loans outstanding 10Home mortgages 10Hosiery 38Hotels 14, 15, 24Hours of work per week , 14Housefurnishings 1, 4, 7, 8, 10-12Household appliances and radios 4, 8, 11, 34Housing starts 9

Imports (see also individual commodities)__ 1, 21-23Income, personal 2, 3Income and employment tax receipts 18Industrial production indexes:

By industry 3, 4By market grouping 3, 4

Installment credit 12,17, 18Installment sales, department stores 12Instruments and related products 3, 13-15Insulating materials 34Insurance, life 18, 19Interest and money rates 17Inventories, manufacturers' and trade 4-6, 11, 12Inventory-sales ratios 5Iron and steel, crude and manufactures 3,

5,6,8, 10, 19, 22,23,32,33

Labor advertising index, disputes, turnover 16Labor force 12Lamb and mutton 28Lard 28Lead 33Leather and products 3, 8, 13-15, 30, 31Life insurance 18, 19Linseed oil 30Livestock 3, 7,8,24,28Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 10, 16, 17, 20Lubricants 35, 36Lumber and products.. 3, 5, 6, 8, 10-15, 19, 31

Machine tools 34Machinery 3,5,6,8, 13-15, 19, 22,34Mail order houses, sales 11Manmade fibers and manufactures 8, 39Manufacturers' sales, inventories, orders 4-6Manufacturing employment, production work-

ers, payrolls, hours, earnings 13-15Manufacturing production indexes 3, 4Margarine 29Meats and meat packing 3, 7, 28Medical and personal care 7Metals 4-6, 8, 13-15, 19, 23, 32-34Milk 27Mining and minerals 2-4, 8, 13-15, 19, 20Monetary statistics 19Money supply 19Mortgage applications, loans 10, 16, 17Motor carriers 23Motor vehicles 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40Motors and generators 34

National defense expenditures 1,18National income and product 1, 2National parks, visits 24Newsprint 23, 37New York Stock Exchange, selected data 20, 21Nonferrous metals 8, 19, 23, 33, 34Noninstallment credit _„ 17Oats 27Oil burners. . 34Oils and fats . 8, 29, 30Orders, new and unfilled, manufacturers' 6Ordnance 13-15

Paint and paint materials 8, 25Panama Canal traffic 24Paper and products and pulp 3,

5,6,8, 13-15, 19,23,36,37Parity ratio 7Passports issued 24Payrolls, indexes 14Personal consumption expenditures 1, 2Personal income 2, 3Petroleum and products 4-6,

8, 11, 13-15, 19, 22, 23, 35, 36Pig i ron_. .___ 32Plant and equipment expenditures 2, 20Plastics arid resin materials 25Plywood 31Population. 12Pork. 28Postal savings 17Poultry and eggs. 3, 7, 29Prices (see also individual commodities) 7, 8Printing and publishing 4, 13-15Profits, corporate 1, 19Public utilities 2-4, 7-9, 13-15,18-21Pullman Company 24Pulp and pulpwood 36Purchasing power of the dollar 8

Radiators and convectors 34Radio and television 4, 8, 10, 11, 34Railroads 2, 13, 14, 16, 18-21, 23, 24,40Railways (local) and bus lines 13-15, 23Rayon and acetate 39Real estate 10, 17, 18Receipts, U.S. Government 18Recreation 7Refrigerators and home freezers 34Rent (housing) 7Retail trade._ 4,5,7,9,11-15,17Rice 27Roofing and siding, asphalt 36Rubber and products 4-6, 8, 13-15, 23, 37Rye 27Saving, personal 2Savings deposits 17Securities issued- 19, 20Services . 1, 2, 13-15Sheep and lambs 28Shoes and other footwear.- 1, 8, 11, 12, 31Silk, prices, imports, production 8,39Silver 19Soybean cake and meal and oil 30Spindle activity, cotton 39Steel ingots and steel manufactures 32, 33Steel scrap 32Stock prices, earnings, sales, etc 20, 21Stocks, department stores 12Stone, clay, and glass products 3-6,

8, 13-15,19,38Stoves and ranges.. 34Sugar 23, 29Sulfur. 25Sulfuric acid 25Superphosphate 25Tea imports— 29Telephone, telegraph, cable, and radiotele-

graph carriers 13-15, 19, 20, 24Television and radio 4, 8, 10, 11, 34Textiles and products.. 3, 5, 6, 8, 13-15, 19, 22, 38-40Tin 23, 33Tires and inner tubes 8, 11, 12, 37Tobacco and manufactures 4-8, 10, 13-15, 30Tractors 22,34Trade (manufacturing, wholesale, and re-

tail) 4-6, 11, 12Transit lines, local 23Transportation 1, 2, 7, 23, 24Transportation equipment 3-6, 13-15, 19, 40Travel . 23, 24Truck trailers 40Trucks (industrial, motor) 34,40

Unemployment and insurance 12, 16U.S. Government bonds 16-18, 20U.S. Government finance 18Utilities 2-4, 9, 13-15, 18-21, 26

Vacuum cleaners 34Variety stores 11, 12Vegetable oils 29, 30Vegetables and fruits 7,8, 22Vessels cleared in foreign trade 24Veterans' benefits 16, 18

Wages and salaries 1, 3, 14-16Washers 34Water heaters 34Waterway traffic 24Wheat and wheat flour 28Wholesale price indexes 8Wholesale trade 4, 5, 12Wood pulp 36Wool and wool manufactures 7, 8, 23, 40

Zinc 33, 34


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