August 7, 1959

BUSINESS “ste STATISTICS

F Business ECO A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS

Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY

SELECTED BUSINESS INDICATORS

index,1947-49=100 Index,1947-49= 100 175 175

STEEL PRODUCTION (ingots and steel for castings) Monthly Weekly | v8 [. os sas

ee a ee ee ee) me ee ee en ee a ae a ee

1958 1959 JFMAMJJASOND

}

228

Le

Billion Dollars Billion Dollars Billion Dollars 35 70 5

MANUFACTURERS’ SALES & INVENTORIES NEW CONSTRUCTION ACTIVITY (seasonally adjusted) (seasonally adjusted) y oc) | : y, |

Total |

ae al Private Residential \ (nonfarm) ™‘

Inventories * right scale

a Book valve, end of month

| | TUCCUECUECEEOUECERCEEUEE CEREEGGRUEEE EEE EE

1956 1957 1958 1959 1956 1957 1958 1959

| Litt pd Litt

Billion Dollars Index, I91IO-14=100

60 320 CONSUMER CREDIT OUTSTANDING PRICES RECEIVED AND , (short- and intermediate-term) 300 PAID BY FARMERS

Total

end of month / |

Prices Paid

|

|

|

incl. interest, toxes, ond wage rotes) | j

|

|

4

Prices Received UWkn 240F 2, * -

Installment Credit me ve” | end of month po" PRUead PUTER EUEUET ERT pit Seeeeeeeeeeeeune 220 Petit tipi t inert ett tit ny tipi tip aay

1956 1957 1958 1959 1956 i957 * 1958 1959

WEEKLY BUSINESS STATISTICS’

1958 1959 ITEM T T _ | July 26 | Aug. 2 July ti July 18 July 25 | Aug. | o> wee ars irs = sae ee 7 i 3 Commodity orices, wholesale | AOE SORIA gaivadeecceresvivescdeces #119.2 119.4 119.4 119.5 | 119.2 ONS, PFOCOSSOD, cccsscrcccccesesecscs #112.7 107.3 107.5 107,0 | 106.7 All THOT ccccccccecesecsesesceseeseees al -f 128.2 128.2 26.1 128.2 Ct ge IN eb Bl oscccspecdavessiecsctes 87.2 87.0 86.7 86.5 | 86.2 Department store SBl@S...eseee0- TYTTITT it 114 126 118 117 | seeeweewee Insured unemployment, POTEL Bleavecccvcocecccccooccvose 2,635 2, 1,486 1,501 } ee e890 eSSETOSTCS State programs (inci. Alaska and Hawali)....ccceccceeedOsces 393 | <, 1,353 | 1,367 5 | Pee eesees _ Fallures, industrial and Commercidl.csecsecececsescsesnumber,,| 264 27 2357 | 242 | 245 Finance Currency in circulation 4/csssssesessccccccceeeMll, Of dolla. $1,217 5 |, 066 32,112 | pe on ore Federal Reserve bank credit outstanding, total 4/...4.dOeeee 26,528 26,005 28,319 | 28,462 68,7 28,574 Member bank reserve balances 4/,. ve vo sosrlOcene 3,712 18,462 18,452 18,640 6,97¢ » 702 Excess reserves, estimated 4/,.scccccovccssecccsesesIOrees| 788 658 532 462 , 414 Reporting member banks (of F.R,System) in leading cities:5 Demand deposits, Ad JUSTOD,..ccccccceceseceseemil, Of dol.. 60,549 | cecocsecece 60,498 61,199 61,97 eee eeeee Time deposits, except Interber saheeetenacwrnecedbeess Wt Sesnesdous 30,913 | 30,882 | 30 , 837 eecceccces Loans and investments (adjusted), totOlsssscccesseesDOcee| socescesee | coeveccens 104,383 | 105,457 4,67 es o Se ernment obligetions....e.ees cceeDQccce 723 | cocccccece 30,966 | 31,502 30 , 702 eee mmercial and industria foans (gr ° DOsees see eee ese oe 28,441 | 28,499 | 28, 58 see eeeeeee Reni=setete (OGRE (OF OCE) ccccavccscaccvcecvecssec€Orse. 10,70 ooseceeses 2,217 2,25 2,2 eeeeeseces Bond yields, domestic rporate (Moody's) 4/...+....percent.. 4,04 4,72 | 4.7% 4,72 Stock prices, 500 stocks (Stand, & Poor' 5 - 1941-43=210., 46,40 OL 59,59 | 59.61 60,62 badustrlals, 425 STOCKS. .cccccccesecosescccccecsocesOOsece 49,44 | 50.26 64,56 | 64,08 64.64 65.26 Production: Bituminous COO! 4/seccocceveveeseccese th f short tons.. 1,316 1,286 844 | 1,212 1,207 | seesensees Electric wer, by utilities,... eoemil, of kw.-hr.. 12,319 | 12,619 13,502 | 13,415 | 5,57 ececeecces a | A797 - _ Motor vehicies (cars, trucks, SN x cccccscnxereetet «s 102,271 | 79,20 150,592 154,70 | 49,33 141,62 Petroleum (crude) and condensate 4/..eceeeeeethous. of bbi.. 6,536 6,545 6,802 6,858 6,85 oeene = | CMI co ccccatwecerneens thous, of short tons..| 1,546 1,561 2,252 | 1,097 365 545 Percent of capacity.... pisses ceusenbeeeeneel #57.3 | #57.8 79.5 | 38.7 12.9 | 2.2 Freight Cor lees ines, BOTSl cccdcdnecseceéooceeuves, ft cars..| 608 622 554 585 536 TePTTELE TE I OU ivasucncsacsysyedscivnsss0is%s+ébesiseaeeeOeees 283 | 293 307 298 | 2B4 | weeeeeeees —— —— ni a | Ss Se. _———E fees ————— d/ Data do not always cover alendar weeks, 2 Tuesday prices, Includes date for following programs: R.R.; Federal employees; veterans; and ex-servicemen, 4/ Daily averaae, Wednesday date, Figures for member banks are on revised basis; leaders indicate data not available, 6/ Week beginning August 3, he Production, 332 thous, short tons; operating rate, |1.7 percent, * Monthi ndex for July 1958, # Based on January |, 1958, annual capacity (140,742,570 tons); not comparabie with 1959 rates which are based on Januar P 1959, annual capacity (147,633,670 tons). oe ———- ~~ —= E ss tT Se ee —————S 1958 1959 EM or —— t T May June March April May | June _— = _ - _— a —E——— SENERAL BUSINESS INDICATORS Manufacturers’ sales: Value (unadjusted), ToTBl.,.csccccccceseseecseemil, Of Gol.. 25,426 26,122 30 , 589 30 , 885 50,675 32,021 Durable-goods industries, total I/secesceee eeeeDO,ece 11,960 | 12,584 5,305 15,810 | 5,727 6,654 Primary MOTB eccccccsescoee eed ane er ee 1,757 | 2,052 2,792 | 2,947 | 3,011 3,256 FORT COTES BOTS eo cccccncesscevescessecsdcucsccass@Bacss 1,350 1,452 1,622 | 1,735 ri,7 1,814 Machinery (including electrical) .ccsccccccccsceesdOsecs 3,77 3,967 4,595 | 4,610 r4,515 4,798 Transportation equipment (incl, motor vehicles).,.do.... 2,675 2,637 5 49) 3 637 | r3.565 % 688 , , ¥- 127¥/ a Lumber and furniture. .cccccsccccccccsscsceccscsessWenee 788 803 969 GAG r995 | 04 Tone, CIBY, ONG GIASS..cccoccccccccerccsccesesesWreee 652 | 677 124 771 | r7e 855 | Nondurable-goods industries, total | son ee | eae 13,466 13,538 15,284 15.075 | ri4.946 15. %67 = - 79 eh 7, | , FOOd ANd DEVETAGC..cccesecccccceccccccsesssesessedOsees 4,434 4,441 4,483 4,378 4,598 4,652 TODBCCOs cccccccccccccccceccccccccccccccccceseses edOceee 38 | 40! 404 399 r407 454 Textile...ses ee covccececccedOccce 930 1,006 1,243 1,217 ri,i99 | 1,294 Paper... ee oe coccecevesesDOseee 904 2 | 1,018 1,044 | r1,026 | 1,037 NOMICBl. cccccccsecs eovcccccceesDOseee 1,961 1,949 2,132 2,247 | r2,185 | 2,199 Petroleum BONG COBl..secceccccccccccesescccssessesdOeees 2,630 2,628 3, 107 2,988 | r2,934 ,Ol RUBDDET . .ccccccccccccccccescvecscesecccsccecceseeedOsece 432 467 526 554 r524 574 | Velue (adjusted), totOloccccceseqcccsovesocccceccses eos 25, 20€ 25,747 29,130 30,266 r30,742 | 31,256 Durable-goods Industries, total I/ esccceseseceses ee 11,643 12,086 14,400 15, 166 riS,515 | 15,766 Primary metol.cesecees cove cece eee eee 1,656 1,854 2,580 2.792 r?_ 9858 2.913 . , » 280 , 792 2,85! } 2,913 Fabricated MOTB .ssseeeenseeceesrerersecesssvese ea 1,331 1,397 1,605 1,684 ri,7ii 1,745 Machinery Cincluding electrical). ccccccccccceses eee 3, 736 3,780 4,226 4,423 r4,507 | 4,552 Transportation equipment (inci, motor -P 2,536 2,610 3,212 3,385 r3,4635 | 5,571 Lumber and furniture. .cccccccceccceecs ase 807 822 918 995 rt,O4! I stone, CIBY, ANd GlaSS.essccecccccccce eee 621 645 731 756 r766 | 773 Nondurablie-goods industries, total |/.... ee ee 13,563 13,661 14,730 15, 100 15,227 | 15,490 FOOd ONd DEVET BGO. cccccccccccccescccccccccesecssedOsene 4,416 4,357 4,465 4,507 r4,617 | 4,589 POMMUGD odd casekcrseessiessdsandédinieseacnneceseeibeses 53 382 416 4 r3es | 417 TORTS, civcsssesieviees paaredecesaxesiteves 994 1,025 1,2 1,253 ri,310 | 1,314 Paper ..se. ve a cvccsceBcees 895 903 988 1,034 ri,026 | 1,027 : . , CHOMICO!. ccccccccrvcccccccsecscocsccecccenccesevcsdMecee 1,875 1,899 1,979 2,090 2,089 , 144 Petroleum ANd COBlssseccecesesececsessessesesesssdOuees 2,657 2,682 3, 04¢ 3,080 r2,994 3,072 RUBDET oc cccccccveccenveveesoosncccccoccosccoessecsOOcees 428 445 506 543 r524 536

data for "other

r/ Revised, I, 9044 ar

Includes

indus

tries" not shown,

MONTHLY BUSINESS STATISTICS Continued 3

1958 1959

1TEM May June Merch Apri Moy June

SENERAL BUSINESS INDICATORS - Continued Manufacturers' inventories, end of month:

Book value (unadjusted), total.....scccccccceesMll, of dol, 50,862 50,278 50,626 51,053 r51,545 51,937

Durab le-goods industries, total |/sscsccccccccceccesGQsees 29, 182 28,698 29,116 29,510 29,905 30, 169

OF TREY MIN vicina sss cinenisuctasciesdsapendletes 4,126 3,999 4,271 4,183 r4,175 4,027

Fair tented B08 iii ccticcicnsdandsassincsessnsadeeee 2,938 2,987 3,151 3,270 r3,376 3,492

Machinery Cincluding electrical). ..ccccccccccccedQeces 9,771 9,542 9,279 9,434 r9,627 9,815

Transportation equipment (incl, motor vehicies).do.... 6,716 6,579 6,908 7,034 r7,078 7, 162

Leer 208 PWR ivcccscseccséadcenscesecsnt Beans 1,809 1,807 1,750 1,766 rt,787 1,798

EE 1,261 1,246 1,265 1,284 ri,292 1,286

Tone, ClOy, ON GlOSS.cccccccccccccceccccccocecs

Ry staoes ¢ fabrication:

Pur CRhned GS OS cccsscecnccuccesuncedlts OF Giles 7,6 7.6 7.9 8.1 8.5 8.8 SON FW CONE ionecccnnsddestsenssutasdneceued teens 11.6 11.3 11.6 11,8 rii.8 11.7 FERRGREE: COOTER. dceciccconssscsdencceniésasesuiebaes 10,0 9.7 9.6 9.7 9.8 9.6

dustries, total 1/....s..emll. of dol.. 21,680 21,580 21,510 21,543 721,640 Bisicon 4,406 4,416 4,662 4,676 r4,606 4,629 1,861 1,785 1,951 1,905 1,854 1,770

Nendur ab le-oa ds i

od and beverage

ec eccccccccccescesecsecceseeseed

Tobacco..... WEETETTITTITITITITIT TTT TTT TTT TTT ttt

FOxt11Oss cccccctcvsevtcscoccevesesssenscecsesenedaess 2,675 2,635 2,502 2,523 r2,55 2,548 DOO scone cnedonacaceténeesascessanenenseuessssstlieses 1,455 1,435 1,491 1,492 r|,497 1,495 hemicOlesessseees ssepesnserdeveapeesdiunneniinee 3,783 3,776 3,793 3,745 r3,730 3,779

Petroleum and COBl...cccorccccccccccsccsccececesDOseee 3,343 3,348 3,187 3,232 3,312 3,372

,05| 1,015 1,071 1,040 ri,015 992

UBDDET . ccccccvcccccccccccecccccccscesccseseoeseeOOeces y stages of fabrication: Purchased materials....cccccsccsessseccessDdI I, Of dol.. 8.6 COGS IN POSSE. ccccccocccoccccccccscoseccovcesGeccce 3.0 FUREGRED QO0UB i ccc00406060000006058800600000000888Rs0be 10,1

Book value (adjusted), Total. .ccccccccscsesee Mill, of dol,, 50,896 50,246 50,454 51,052 r51,599 52,084 Durable-goods industries, total I/..ccccccccccseecesDOeeee 28,981 Primary Metal cccccccccccccccccccoscccecccesccesGOeece 4,277

Fabricated metal. ..cccccccccccccccsccccccssscesedsene

Machinery (including electrical). cceccceccccccecdQccee 9,636 9,446 9,215 9, 346 r9,482 9,739

Transportation equipment (inci. motor vehicies).do.... 6,721 6,595 6,854 7,031

Lumber and furniture, .cccccccccccccscccscccecsssIOseee 1,772 1,776 1,719 1,731 ri,759 1, 766

Stone, Clay, BAG GIOSS. cccccccccccscccscccccosceDQeeee 1,236 1,234 1,216 1,235 ri,254 1,267 By stages of fabrication:

Purchased mater lols..ccsccccccccccscceseedDIl, Of dol,. 7.8 7.6 8,1 8.3 8.5 8.8

bad. 18 PROD is cecicnocsiessseeaseseseneseseelOeens 11.6 11.4 11,5 11,7 11.8 11.9

Fintshed goods. ccccccccccccccecccecoocceccscesseOQecee 9.6 9.5 9.3 9.5 9.4 9.5

Nondurable-goods industries, total |/..ss.eee.mil, of dol.. 21,915 21,718 21,529 21,691 FOOd ONG DOVETEGO. cccccccccccccccccccccsosccoseeWeece TODECCO, ccccccccccccccccccccccccccecosecosesesceWOeces TEXT i lOc ccccccscccccccccccccccccccesccsseescesssIOvene POPE ccccccesccccoceccececcoccosoccoccceccococoeGOeees Chemi CO! ccccccccccccccccccccccccdeccccccccceseoeeece Petroleum BNd COB! ccccccccccccccccccsccccoceceseOeece RUDDET . we ccccccccccccccccccccesccscccccesceseeeeDOscee

By stages of fabrication: Purchased materials. .ccccccccccccscccceesDil, Of dol., IS IM PFOCESS.cecccccccvccccccscccesscsesssesIOseee FINISHED QOOdS. ccccccccccccccccccsccecesecescessdOeeee Manufacturers’ orders:

New orders, net (unadjusted), total.....scsseeeemil. of dol.. 25,032 26,359 31,868 30,994 r30,281 31,824

: 11,486 12,727 16,452 15,858 ri5,t3i 16,419

Jurable-goods industries, TotAl I/..cccccccecsccsceedOeeee d . Primary Metal. ..cccccccccsccccccccsesccvcccccceeessWeccee 1,738 1,872 3,035 2,671 r2,551 2,581 Fabricated metal, .ccccccccccccsccsccsccccccscesecsedOsces 1,362 1,436 1,688 1,665 r|,668 1,756

0 edO.eee 5,681 3,958 5,195 4,679 r4,590 5,260 2,255 2,808 3,614 3,792 73,333 3,704 13,632 15,416 15,136 ri5,150 15,405

Machinery (including electricdl)..ccccccccccccecs Transportation equipment (incl, motor vehicies)...d0....

Nondurable-goods industries, total..cccccccccsesces eden, 13,546

New orders, net (adjusted), Total.ecssccccccccccesecesDQsees 24,998 25,785 30,22 31,206 r 30,541 31, 145

Durable-goods industries, total L/..ccccccccseccesesWeeee 11,423 12,245 15,32 15,796 15,241 15,649 Primary MOTOl. ccccccccconccccccccsocccosccseocesseSOcees 1,671 1,952 2,68) 2,826 r2,479 2,575 Fait (ORE MIN cc nccdcticwondsbesdeesssssaanseiadends 1,322 1,496 1,608 1,632 rt,619 1,791 Machinery Cincluding electrical). ccccccccccccccecedOcees 3,690 3,592 4,839 4,632 r4,626 4,812 Transportation equipment (inci, motor vehicies)...do.... 2,265 2,678 ‘3,437 3,655 r3,498 3,701

Nondurable-goods industries, Totdl..ccccccccsceceeveIOeeee 13,575 13,540 14,906 15,410 r 15,300 15,294

Unfilled orders, end of month (unadjusted), total....sdOcee. 46,116 46,353 50,376 50,485 r50,095 49,896 43,543 43,686 47,244 47,292 46,696 46,46! ,7 3% 3,558 6, 362 6,0R6 r5,626 4,951

Durable-goods industries, total AlaweesececewrerereeIOeees

IMArY METAl ccccccccccccscsecscsessessesccsesesedveus

Fabricated metal..ccccccccccccccccvecccccoccceesceIOeece 3,050 3,034 3, 382 3,312 r 3,262 3,204 Machinery Cincluding electrical). .ccccccccccccecseIeeee 16,0935 16,084 16,785 16,654 r 16,929 17,3591 Transportation equipment (incl, motor vehicies)...do.... 16,783 16,954 16,078 16,235 r 16,001 16,017

Nondurable-goods industries, Total. ..cccccccseccceesWOeeee 2,575 2,667 3, 132 3,195 r3,597 3,435

FINANCE

Consumer credit (short- and Intermediate-term): Total! outstanding, end of Month, .cccccccecceceemll, Of dol,,. 42,985 43,079 44,203 44,916 45,790 46,716

Installment credit, Total. csccccccccccccccccccecccsedOseee 32,910 33,008 33,945 34,455 35,029 35,810 Insta! iment credit extended and repaid: Unadjusted: Extended, Total. .cccccccccccccccccccsssMseee 3,371 3,477 3, 786 4,022 4,053 4,452

3,349 3,379 3,594 3,512 3,477 3,651 3,246 3,262 3,749 3,939 4,045 3,983 3,391 3,43) 3,516 3,602 3,531

Repald, Total .ccccccccccsccccccvcccscccsecWeeee Adjusted: Extended, Totdl...ccccccccccccccvcccccesedseee Repeats, Cats o00008500600060000s0sececesevess 3,338

r/ Revised, 1/ Incltudes data for “other industries" not shown, 9044

MONTHLY BUSINESS STATISTICS Continued

1958

1TEM

COMMODITY PRICES

Prices received by farmers, al! farm products,,,!1910-14=100,,

CrOPSccccccccccccccccccccccccccccccescsccceseseceseeedOsees Commercial vegetables... ,sccccccsccsccsccscccsccessdeeee Cotte ccccccccccccccscscccccccccccvccccscceccccessIOeece Feed GrBinS ANd NBY.ccccccceccccesesesssseeseseseesdOeees FOOd GFOINScccccccccccccccccccscccceccoseeoceeoceeeWeeee FrultecccccccccccccccccccccccccsccccoccccscseseceseWeeee Ol b—bear ing CrOPS.cccccccscccccccccsccccssesccesessdeees Potatoes (including dry edible Deans). ...cccccccceesIOeeee

TODECCOs ccccccccccccccsccccccccececcccecceeseceosee sees

Livestock And PrOoduCtS..cccccccsececcccesscesesesseesdeees Delry ProguctSrcccccecscccccocccocceccccocccecceseseWecce Meat BNiMAIS.cccccccccccccccccccccccccccccscocescesDsees Poultry ON CggGS.ccccccccccesccsccsccsscsscescceseedOesee WOO! -cccccccccccccccccccccccecccccevcesccesesesseseDOsces

Prices paid by farmers:

All commodities And ServicesS....cccccccscccccecscsceeIOseee Family living [TOmS..ccccccccccccccccccccccccccseseWseee Production [TOMS. ccccccccccscccccccccccccccccsce cc eIOeces

All commod., services, int., taxes, and wage rates...do....

Parity TatlO. ccocccecccccccccccccsccccooes CONSTRUCTION AND REAL ESTATE

New construction (unadjusted), total....sceceeeemil, of dol.,. Private, TOPO) cccccccccccccccsecccccccoccccesccecoeeWOecee Residential (MOMNFAFM). .cccsecccccsccccccseccccscesedQseee New dwelling UNITS. .ccccccscccceccecs Additions and alterations, ..ccccccccceccecesecessdseee Nonresidential buildings, tota! !/...... INDUSTE BI. cccccccccccccccccccccccccccccccccsccceIOeece Commer ci Bl. cocccccccccccccccccccccsccsccecccesccesWOeeee FOrM CONSTFUCTION. cccccccccccccccccccccccccccoccceeWeece PubliC UTE LI Ty. ccccccccccccccccccccovcccoccccccoeseWOccce

Public, TotOl, ceccecccccccccccecccccccccccccscocososeDOsces Nonresidential DUI IDINGS. ..cccccccccceccccccesesceedOeces Military faci (TIES, .occccecccocccvcccoccecccceseGecce

HightOYcccocccccccococsseccccccoccoecoeccosococeesGOecss

New construction (seasonally adjusted), Total....ccceesIOeeee Private, TotOlcccccccccccccccccsccccccocccccccceseceWOecce Residential (nonfarm). cccccccccccccccccccccccccccceGOccece Nonresidential buildings, total I/.ccccccceccccesceWeees INGUSTE Ol cccccccccccccccnccccccvcccccoesoscosesWsece Commercial ccocccccccccccccscccccccccccccscoceeseWOecce

Farm CONSTFUCTION, .ccccccccccccccccccccccscccececeeIQeees Public utility. .ccccccccecs esovecccososesoesOOosee

Public, TOTAl ccccccccccccccccs erccccccccccccesWoces Nonresidential DUT IDINGS. .ccccccccccccccscsecsesessIOnnes Military fact litios. ccccccccvcccccccccccccccsecceesGOscce HIQNWOY. coccccccccsccccccccccocccosccccecccecccccceDOcces

Construction cost index: Department of Commerce, composite.....eeeeeee !947-49=100,,

c/ Revised, J/ Except farm and public utility. USCOMM-DC-9044

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OFFICIAL BUSINESS

FIRST CLASS

UNIVERSITY MICROFILMS = Lic 313 N FIRST STREET

ANN ARBOR MICH

cS JAN

WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS