SCB_031957

MARCH 1957

U. S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

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

SURVEY OF CURRENT BUSINESS

No. 3

MARCH 1957

PAGE

THE BUSINESS SITUATION 1

if * *

SPECIAL ARTICLES

Business Anticipations of CapitalExpenditures and Sales, 1957 5

Developments in the U. S. Balance ofInternational Payments 11

* * *

MONTHLY BUSINESS STATISTICS S-l to S-40

New or Revised Statistical Series 19

Statistical Index Inside back cover

Published by the U. S. Department of Commerce, SINCLAIR WEEKS,Secretary. Office of Business Economics, M. JOSEPH ME EH AN,Director. Subscription price, including weekly statistical supplement, is$4.00 a year; foreign mailings $5.75. Single copy, 30 cents. Send remit'tances to any Department of Commerce Field Office or to the Superintendent ofDocuments, United States Government Printing Office, Washington 25, D. C.Special subscription arrangements, including changes of address, should bemade directly with the Superintendent of Documents. Make checks payableto Superintendent of Documents.

DEPARTMENT OF COMMERCEFIELD SERVICE

Albuquerque* N. Mex.

321 Post Office Bldg.

Atlanta 3, Ga.

66 Luckie St. NW.

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

Buffalo 3, N. Y.117 Ellicott St.

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

Cheyenne, Wyo.307 Federal Office Bldg.

Chicago 6, 111.226 W. Jackson Blvd.

Cincinnati 2, Ohio442 U. S. Post Officeand Courthouse

Cleveland 14, Ohio1100 Chester Ave.

Dallas 1, Tex.3-104 MerchandiseMart

500 South Enray St.

Denver 2, Colo.142 New Customhouse

Detroit 26, Mich.438 Federal Bldg.

Greensboro, N. C.407 U. S. Post OfficeBldg.

Houston 2, Tex.430 Lamar Ave.

Jacksonville 1, Fla.311 W. Monroe St.

Kansas City 6, Mo.911 Walnut St.

Los Angeles 15, Calif.1031 S. Broadway

Memphis 3, Tenn.

22 North Front St.

Miami 32, Fla.

300 NE. First Ave.

Minneapolis 2, Minn.

2d Ave. South and3d St.

New Orleans 12, La.333 St. Charles Ave.

New York 17, N. Y.

110 E. 45th St.

Philadelphia 7, Pa.

1015 Chestnut St.

Phoenix, Ariz.137 N. Second Ave.

Pittsburgh 22, Pa.107 Sixth St.

Portland 4, Oreg.

520 SW. Morrison St.

Reno, Nev.1479 Wells Ave.

Richmond 19, Va.1103 East Main St.

St. Louis 1, Mo.1114 Market St.

Salt Lake City 1, Utah222 SW. Temple St.

San Francisco 11, Calif.555 Battery St.

Savannah, Ga.125-29 Bull St.

Seattle 4, Wash.

909 First Ave.

For local telephone listing, consult section

devoted to U. S. Government


MARCH 1957

Capital Outlays by ManufacturersBILLIONS OF DOLLARS

20

15

10

TOTAL MANUFACTURING

•NONDURABLE-GOODS INDUSTRIES

1952 1953 1954 1955 1956 1957QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES

-20 -10PERCENT CHANGE, 1956 TO 1957

0 +10 +20 +30 +40 +50

Primary metals

Transportation, otherthan motor vehicles

Machinery, includingelectrical

Chemicals

Petroleum 81 coal

*" Data for 1957 are anticipated

U. S. Department of Commerce, Office of Business Econ0JHJ<$

418765—57 1

Data: SEC 8 QBE

57-8-5

By the Office of Business Economics

J_ HE ECONOMY has continued to operate at a high ratein the opening months of 1957, with the aggregate volume ofphysical output matching the record pace of late 1956.Higher prices and pay scales have again tended to expanddollar totals of output and income in recent months, althoughsome weakness in certain raw materials prices has developed.Trimming of overtime in manufacturing industries hastended to offset rising basic wage rates.

Employment in February reached a new high for thisseason of the year. The number of nonfarm employees,seasonally adjusted, totaled 52.2 million, about 100,000more than in January, continuing the moderate rise in evi-dence in prior months. Manufacturing employment wasagain off slightly, and the over-all gain in February wasdue largely to improvement in construction and trade.

With employment and pay scales somewhat higher sincethe final months of 1956, the flow of income has been main-tained in record volume. Personal income amounted to aseasonally adjusted annual rate of $335 billion in January,$2 billion higher than in the fourth quarter of 1956 and $18billion, or 6 percent, above a year ago. This record flow ofincome has been reflected in a sustained high rate of con-sumer spending. Sales at retail stores in February for thefourth month in a row were approximately $16% billion ona seasonally adjusted basis, about 7 percent higher than ayear ago.

Manufacturing and construction activity also were littlechanged. Manufacturers' sales in early 1957 were at anall-time high after seasonal adjustment but the moderatedollar gains since late 1956 have reflected for the most parthigher prices. The industrial production index has shownlittle variation in the last several months. Steel output waswell maintained through February at close to capacityalthough there was some easing in early March. Automobileassemblies in early 1957 held close to the substantially in-creased rates of late 1956.

New construction put in place in January and Februarywas little changed from the year-end rate after allowing forseasonal influences. Total construction activity in Februarywas about 2 percent above a year ago with nonresidentialconstruction up by 7 percent, offsetting the 6 percent declinein residential activity.

Inventory rise slowedBusiness inventories have recently shown signs of leveling

off following the steady rate of growth during most of 1956.In manufacturing industries, which accounted for the majorshare of the 1956 rise, book value of inventories held abouteven in both December and January. Some additions tostocks were recorded in retail trade channels in January,for the most part due to increased holdings of new cars byretail dealers. To some extent the leveling in inventorieswould appear to be related to the general tendencies towardoutput stabilization; there is no indication of any significantmovement to liquidate goods on hand. However, the re-


STJKVEY OF CUEEENT BUSINESS March 1957

duced purchasing for inventories serves to moderate totaldemand for goods and while in process, acts to lower press-ures on productive resources.

Plant and equipment investment higherAs reported elsewhere in this issue, business spending on

plant and equipment—one of the more dynamic features ofthe advance in total activity last year—continues at a highrate. Total expenditures are programed at more than $37billion for 1957, 6% percent above 1956. Eealization of theseprograms would establish a new high both in dollar termsand in physical volume of work put in place. It may benoted, however, that the indicated trend represents a plateaufor this year extending the record rate of activity reached atthe beginning of this year.

Price trendsPrice advances, which characterized most of last year,

continued to prevail in early 1957. The wholesale price in-dex of the Department of Labor broke into new high groundin February reaching 117 percent of the 1947-49 average.This was about one index point higher than at the close of1956 and more than 4 percent above a year ago. The majornonfarm price groups were higher in February than at year-end but there were some notable divergences. Wholesaleindustrial prices for finished products have continued torise but prices of farm products and foods appeared to haveleveled off.

There have been some rather pronounced declines in rawmaterials prices recently. Table 1 shows percent changesfrom late 1956 of spot prices for some 20-odd materialscovered in the Department of Labor's daily index of sensitiveprices. This index reached a 1956 high at about the first ofDecember, but, as may be seen, all major price groupingshave declined since then, most notably in the case of metallicraw materials—steel, copper and lead scrap, and tin. Steel

Employment and Payroll Changesin Manufacturing

INDEX, JAN. I956j=-W)01 10

105

IOO

95

90

PAYROLLS

AVERAGEWEEKLY HOURS

EMPLOYMENT

J_J I I L I I I I I1956SEASONALLY ADJUSTED

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

1957

Basic data: BLS

57-8-2

Table 1.—Percent Change in Spot Market Prices

All commoditiesFoodstuffsRaw industrials

Livestock and productsMetalsTextiles and fibers _ __Fats and oils

Recent period

Nov. 30, 1956to

Mar. 6, 1957

-6. 2— 5. 2-7. 0

— . 6-12. 7-2. 7— 1. 8

Same perioda year ago

Nov. 30, 1955to

Mar. 6, 1956

. 32. 7

— 1. 21. 44. 5. 2

4. 7

Year-to-year

Mar. 6, 1930to

Mar. 6, 1957

— . 95 0

-4. 712. 2

— 12. 53. 15. 9

Source: Daily Index Numbers of Spot Primary Market Commodity Prices, U. S. Depart-ment of Labor, Bureau of Labor Statistics.

and copper scrap in early March were each off about one-fourth from their late 1956 highs. Steel scrap prices wereback to, and copper scrap prices were well below, year agolevels.

It may be noted that, on the over-all, these raw materialsprices have declined about 5 percent since early Decemberand are about one percent below a year ago. In the com-parable November-March period of last year, spot priceswere generally tending upward. It should be emphasizedthat these are the more sensitive of wholesale prices and, asevident in recent developments, are frequently subject torather wide fluctuations in short intervals of time. Generallyspeaking, however, then* movements tend to be overshadowedby more generalized trends in prices. For example, duringthe period that these raw materials prices were falling, theoverall-index of wholesale prices moved upward by aboutone percent.

Consumer prices have continued to edge upward. TheJanuary rise of .2 percent was about the same as in Novemberand December. The index stands at about 3 percent aboveJanuary of last year. Food prices have been fairly stablesince last summer and prices of apparel items have notchanged appreciably since the fall months. Over most otherareas, the consumer price indexes have tended upward.

Consumer incomes upProbably the most pervasive influence in the sustained

high rate and dollar volume of activity in 1956 and early1957 has been the maintenance of the record flow of consumerincomes. This purchasing power has not only directlyaffected retail markets but has also supplied one of the basicsupports for the decisions of business executives to maintaintheir record spending on plant and equipment.

Compared with a year ago the major contribution to thegain in income has been reflected in wages and salaries.In January, payrolls accounted for three-fourths of the year-to-year rise in total personal income. Wage and salarydisbursements amounted to a seasonally adjusted annualrate of $233 billion, equaling the record payment in Decem-ber and about 6% percent above January 1956.

On the bais of available information, most of the wage andsalary increase from a year ago can be traced to higher ratesof pay. The rise in employment was also a contributingfactor.

Employment trends taperingWhile employment has continued to advance recently

in such industries as trade and services, seasonally adjustedtrends in most other major groups have either been sidewiseor downward. Government rolls, while still rising, mainlyat the State and local level, have expanded at a somewhatslower pace since last fall. Other major groups have shown


March 1957 SURVEY OF CUEKENT BUSINESS

Recent Trends in Retail Store SalesTotal retail trade continues at high ratein early 1957

INDEX, 1956= 100110

too

90

ALL RETAIL STORES

80 U-J L . I

Three major groups moved ahead

120

110

100

90

80

70

AUTOMOTIVE

GASOLINE SERVICESTATIONS

i i i I i I I I I i i I i i i I . , ,Three showed little change from late 1956

no

too

90

80

DRUG STORES

FURNITURE a APPLIANCE

. . I . . . I ,' , ,

While three groups receded from previous high

no

too

90

80

LUMBER, BUILDING B HARDWARE

1953 1954 1955 1956 1957S E A S O N A L L Y A D J U S T E D

® Estimated Oata: Census Bur. 8 QBEU. S. Department of Commerce, Office of Business Economics 57-8-3

little net change in employment in recent months, whereaswith the exception of manufacturing they had been expandingsteadily though moderately in previous months. In manu-facturing, there has been virtually no net change in employ-ment over the year, and in the most recent period some mod-erate decline has been apparent. It is of interest that thenumber of factory production workers is down from a yearago, but that this reduction has been matched by an increasein salaried personnel.

Changes in employment from a year ago are shown intable 2. The largest percentage gain over the year for majornonmanufacturing groups was in contract construction,principally reflecting nonresidential activity. This groupshowed a sizeable February rise but in recent monthsits employment demands were stable after allowing forseasonal influences. Better than average year-to-year per-cent increases in nonfarm employment were also recordedin government and in mining, trade and finance, whilethe service group paralleled the over-all trend.

Only in the transportation-utility category and in manu-facturing were less than average gains registered. In theformer case the number of transportation workers wasslightly reduced from a year ago, while employment wasmoderately higher in the communications segment. Electricand gas utility employment was unchanged over the period.

Table 2.—Industry Pattern of Employment

Wage and salary workers in nonagriculturalestablishments, total _

Manufacturing _MiningContract constructionTransportation and public utilities

Wholesale and retail tradeFinance, insurance and real estateService and miscellaneous _Government _ - _-

Manufacturing production workers, total. __

Ordnance and accessoriesLumber and wood productsFurniture and fixturesStone, clay and glass products

Primary metal industriesFabricated metal productsMachinery (except electrical)Electrical machinery

Transportation equipmentInstruments and related products. _Miscellaneous manufacturingFood and kindred products

TobaccoTextile-mill productsApparel and other finished textile

products

Paper and allied productsPrinting, publishing and allied indus-

triesChemicals and allied productsProducts of petroleum and coal

Rubber productsLeather and leather products

Employment in Feb-ruary (in thousands)

1956

50, 246

16, 824780

2,5884,083

10, 8192,2505, 8187,084

13, 212

86635322466

1, 138899

1,274849

1,392231400

1,013

90989

1,131

456

540558170

225350

1957

51, 245

16, 908801

2,7414, 103

11, 1002,3115,9297,352

13, 091

80W311455

1,129901

1,310886

1,428236380

1,003

88929

1,097

463

556551173

222332

Percentchange

2.0

.52. 75. 9.5

2.62. 71.93. 8

Q

-7.0!-9. 3-3.4-2.4

. 8

.22.84.4

2.62. 2

-5.0-1.0

-2.2-6. 1

-3.0

1.5

3.0-1.3

1.8

-1.3-5. 1

1. February 1957 data not available; percent change based on January 1956-57 data.Source: U. S. Department of Commerce, Qffice of Business Economics based on data from

U. S. Department of Labor, Bureau of Labor Statistics.


SUEVEY OF CUEEENT BUSINESS March 1957

Manufacturing employment patternsSome of the more striking year-to-year developments have

taken place within manufacturing. Compared with a yearago, the number of production workers was higher in 7industries, led by the machinery groups, printing and pub-lishing, and transportation equipment. These industriesexpanded employment from 2}£ to 4K percent over the year.

Practically no change was reported in the primary andfabricated metals groups, and the remaining 12 industriesshowed generally lower employment trends over the year.The most pronounced percentage reductions were evident inthe lumber, ordnance, textile, leather and miscellaneousgroups; in these, declines of 5 percent or more were recorded.

Consumer buying at a recordWith indications that business investment is stabilizing or

tending downward as inventory accumulation is slowed andplant and equipment outlays are held steady, the principalareas of advance are in the government and consumermarkets. Based on present budgets, it would appear thatgovernment spending is moving moderately upward, with

f eneral cost increases as well as expanding programs at thetate and local levels accounting for the advance.Total consumer spending is currently at a new high,

bolstered by the record volume of income. Higher auto-

mobile purchases have combined with the rather steady risein spending for food and services to achieve this latest record.However, there have been some noteworthy divergences inthe individual categories of consumer spending as revealedby retail store sales.

The major advances in sales since last fall have been fllauto dealers, food stores, and gasoline stations. Since theintroduction of the 1957 auto models, dealers7 sales haverecovered from the low reached last fall. The steady up-ward trend of filling station sales reflects in good part thepostwar growth in the number of cars on the road, althoughin the most recent period price and tax increases were alsofactors.

In the case of food stores—the third major retail tradegroup reporting recent sales advances—increasing sales inrecent months were at a moderated pace compared withearlier periods. Food prices have undergone little changesince last summer so that the rising trend in sales probablyreflects for the most part a higher volume of goods flowingthrough these stores.

It may be observed from the lower two panels of the chartthat the remaining groups of retailers have experienced eitherstabilized or somewhat reduced sales in the recent past.The most pronounced decline has been at lumber and hard-ware stores, although sales of general merchandise estab-lishments have also fallen noticeably.

Announcing A NEW PUBLICATIONof the Office of Business Economics

A new supplement to the SURVEY OF CURRENT BUSINESS, presenting the first comprehensive accountof the widely-used series on personal income by States . . .

PERSONAL INCOME BY STATESsince 1929

Part I analyzes regional economic progress and market expansion in the United States over the past quarterof a century. Changes in the geographic distribution of income are spelled out, with particular focus on long-run,basic shifts.

A statistical section of 78 tables provides an annual economic record for all the States and regions over more thana quarter century. Included are:

Summary tables on total personal income, per capita personal income, andpopulation.

A separate table for each State and region providing a breakdown of total per-sonal income into about 40 components for all years since 1929.

Special tables on industrial sources of geographic income flows.

COMPLETE EXPLANATIONS of the concept, statistical derivation, and reliability of the State incomeestimates are provided. The discussion is adapted for both general users and specialists.

This volume is the base-book to which the State income estimates published each year in the August SURVEY OF CURRENTBUSINESS will hereafter be keyed.

The new 229-page PERSONAL INCOME supplement is available at $1.50 from the Superintendent of Docu-ments, U. S. Government Printing Office, Washington 25, D. C.? or through the Field Offices of the Departmentof Commerce.


by Murray F. Foss and Vito Natrella

Business Anticipations of CapitalExpenditures and Sales, 1957

B;USINESS expects to make investment outlays of morethan $37 billion this year, 6K percent above the amountspent in the record year of 1956. Final figures for last yearshow a 22 percent rise over 1955, in the aggregate about thesame as was anticipated in the survey conducted just a yearago.

Anticipations for the coming year show a somewhatgreater diversity than was true a year ago when all industrygroups were scheduling expanded programs. Public utilitiesand railroads expect the greatest relative increases thisyear—one-fourth and one-fifth, respectively, over 1956.Manufacturing companies expect a 10 percent increase in1957, nonrail transportation is up 7 percent, while commer-cial companies expect lower investment and mining firmsshow little change. Table 1 summarizes the results bymajor groups.

In many industries last year's sizable advances are beingfollowed by further substantial increases in the coming year:Primary metals, machinery, transportation equipment otherthan motor vehicles, chemicals and petroleum are outstand-ing in this respect in manufacturing. In nonmanufacturing,programs of electric utilities, railroads, air transportationand communications are noteworthy.

Within 1957 the pattern of anticipated expenditures, ex-pressed in seasonally adjusted rates, indicates a sustainedhigh volume of investment throughout the year at the peakreached at the beginning of 1957. In terms of over-allnational output it is clear that fixed business investment willbe a strong force in 1957.

Businessmen also appear confident about sales prospectsthis year, with expected increases from 1956 to 1957 of 8percent in manufacturing, 4 percent in trade, and 9 percentin public utilities. Actual business sales have edged upslightly in recent months. These reported sales expectationsindicate that businessmen in most industries anticipatefurther sales gains from current rates.

These are the main features revealed by the llth annualsurvey of business investment plans and sales expectations,covering the year 1957, made by the Office of Business Eco-nomics and Securities and Exchange Commission. Reportswere filed by individual companies between late January

the first week in March.

NOTE: MR. FOBS IS A MEMBER OF THE BUSINESS STRUCTURE DIVI-SION, OFFICE OF BUSINESS ECONOMICS, AND MR. NATRELLA IS CHIEF,SECTION OF ECONOMIC RESEARCH, DIVISION OF TRADING AND EX-CHANGE, SECURITIES AND EXCHANGE COMMISSION.

Plant and equipment costsHigher capital goods prices are important in the expected

increases in capital outlays in 1957. In the early weeks ofthis year construction costs (other than residential) wereabout \% percent higher than their 1956 average whileequipment costs were more than 4 percent above the 1956average—with the price rise for all capital goods in excess of3 percent. Perhaps one-half of the rise in capital outlaysthat businessmen have scheduled from 1956 to 1957 may beattributable to higher prices.

Movements within 1957According to the quarterly data total expenditures are

expected to rise from a seasonally adjusted annual rate of

New Plant and Equipment ExpendituresBILLIONS OF DOLLARS50 , - * - , - - , - - , . - , , - . . , , , ,>.-.-x,. f . .^TOWv-a

40

30

20

10

I . I I i i ...i j...

1952 1953 1954 1955 1956 1957*QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES

* Anticipated Data-. SEC a oee

U. S. Department.of Commerce, Office of Business Economics 57-8-1


6 SURVEY OF CUEEENT BUSINESS March 1957

$36K billion in the fourth quarter to $38 billion in the secondquarter. The change represents increases by manufacturingconcerns, railroads, public utilities and communicationscompanies, offset in part by an expected decrease in outlaysby commercial companies, chiefly retail.

The realization of anticipations for the first half of 1957would, at annual rates, represent the same increase over 1956that has been scheduled for the full year. This suggests amaintenance of aggregate expenditures in the second half atthe record first half rate, though the pattern by major indus-try division is mixed. Further increases are implicit in theprograms of public utilities, communications and the trans-portation industries; little change appears in mining andnondurable goods manufacturing, and small decreases aresuggested in durable goods manufacturing and the com-mercial group.

Table 1.—Plant and Equipment Expenditures, 1955-57

ManufacturingDurable goodsNondurable goods

MiningRailroads _ _ _Other transportationPublic utilitiesCommercial and other

Total

Expenditures ($ billion)

1955

11. 45. 46.0

1.00. 91. 64. 39. 5

28.7

1956

15. 07. 67. 3

1. 21. 21. 74. 9

11.0

35. 1

1957 i

16. 48. 57. 9

1. 21. 51. 86. 1

10.4

37.4

Percent change

1955-56

314022

3033

71417

22

1956-57 l

10118

-2197

24-6

6

1. Anticipated.Note: Details may not add due to rounding. Percentages are based on unrounded data.Source: Office of Business Economics and Securities and Exchange Commission.

Supply difficulties limit investment

A feature of investment surveys over the past year hasbeen that, while businessmen have steadily increased capitalgoods spending, they have been unable to meet fully theirscheduled rates of expansion from quarter to quarter. Ineach of the last three quarters of 1956, actual outlays werelower than planned. In addition, the second anticipationsfor each quarter were revised downward from earlierexpectations—-a reflection of the growing awareness thatprograms could not be fully met. This pattern contrastswith that following the recovery in fixed investment in thespring of 1955, when available material and labor resourceswere sufficient for the realization of rapidlv expandingprograms.

In view of the continued increases in expenditures reportedin each successive survey over the past year, these down-ward revisions from anticipated spending may be consideredas evidence of the supply difficulties that have prevailed incapital goods markets of 1956. Shortages of structuralsteel appear to have hampered the very large expansionprograms in primary metals and transportation equipment;a scarcity of plates has affected the carbuilding programwhile an insufficiency of steel tubing for well drilling hasaffected petroleum programs. The especially large down-ward revision for the fourth quarter of 1956 suggests thatthe recovery from the 1956 steel strike was less rapid thanhad been initially expected.

Distribution of Capital Outlays, by Size ofAnticipated Change, 1956 and 1957Increases expected by manufacturers are lesspredominant than they were last year

PERCENT OF INDUSTRYEXPENDITURES

40 -

30 -

20 —

10 —

MANUFACTURING

Capital programs of railroads reflect more diversitythan a year ago . . .

40 -

RAILROADS

30

20 —

10 —

while sizable advances are more prevalent amongpublic utilities

40 —

PUBLIC UTILITIES

30 —

20 —

10 -

PERCENT CHANGE 1956 ANTICIPATEDOVER 1955 ACTUAL


PERCENT CHANGE 1957 ANTICIPATEDOVER 1956 ACTUAL

Data: SEC & OBE

57-8-4


March 1957 SUEVEY OF CUEEENT BUSINESS

Further rise in manufacturing investmentThe rise in manufacturing investment that began in early

1955 and was augmented last year is continuing into 1957.With programs in most industries in more advanced stagesthan they were a year ago, the increases expected by manu-facturers are smaller, while decreases, reflecting the com-pletion of 1956 expansions, are more prevalent.

The 10 percent rise over 1956 that manufacturing com-panies have scheduled for 1957 will bring manufacturinginvestment in new productive facilities to $16.4 billion.This is 43 percent more than was spent in 1955 and inorethan one-third above the peak quarterly rate achievedduring the Korean mobilization expansion.

The contrast between plans for 1956 and those for 1957is illustrated in the two frequency distributions in the toppart of the chart on page 6. Expenditures applicable toeach year have been distributed according to the size ofthe percentage change expected by the individual firm. Lastyear, for example, companies accounting for two-thirds ofmanufacturing outlays were planning increases, in contrastto somewhat over one-half this year.

In early 1956 manufacturers accounting for more thanone-fourth of manufacturers' investment had scheduledadvances of 60 percent or more; the corresponding proportionthis year is 15 percent. In 1956, decreases in excess of 40percent from 1955 outlays were expected by firms with about12 percent of manufacturing investment while this year theproportion falling in the comparable range for 1956-57changes is 25 percent.

More varied patterns this yearThese contrasting profiles of planned investment are

also reflected in the data by industry, and again, to a con-siderable degree, reflect the high rates reached last year.Durable goods manufacturers expect their investment toadvance by 11 percent from 1956, following an actual rise of40 percent from 1955 to 1956. The largest increase has been

Table 2.—Percent of Total Plant and Equipment Expenditures forReplacement and Modernization and for Expansion, by Manu-facturing Industry, 1956—57

All manufacturing _

Durable-goods industries.

Primary iron and steel _ _Primary nonferrous metalsE lectr ical machinery . _ _Machinery except electrical

Transportation equipment in-cluding motor vehicles

Stone, clay and glass productsOther durable goods 2-

Nondurable-goods industries

Food and beverages _Textile-mill products .Paper and allied products _

Chemicals and allied productsPetroleum and coal productsRubber productsOther nondurable goods 2 _ _ _

1956

Replace-ment andmoderni-

zation

47

42

40263161

323742

51

606544

31585059

Expan-sion

53

58

60746939

686358

49

403556

69425041

Total

100

100

100100100100

100100100

100

100100100

100100100100

19571

Replace-ment andmoderni-

zation

46

41

41213151

382854

51

615948

29594955

Expan-sion

54

59

59796949

627246

49

394152

71415145

Total

100

100

100100100100

100100100

100

100100100

100100100100

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

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

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

scheduled in the primary nonferrous metals industry, whichexpects outlays to approximately double for the secondsuccessive year. This rise represents to a large extent theheavy expansion plans of aluminum producers. Iron andsteel producers are also well along in their 3-year 15 millioningot ton expansion program, with a contemplated advanceof almost one-third over 1956 outlays.

Table 3.—Manufacturers' Sales Expectations, 1957, by Industry x

Total-

Durable goodsPrimary iron and steelPrimary nonferrous metals „Electrical machineryMachinery except electrical-

Transportation equipment including motorvehicles

Stone, clay and glass productsOther durable goods2

Nondurable goodsFood and beveragesTextile-mill productsPaper and allied products.

Chemicals and allied products-Petroleum and coal products. _Other nondurable goods 3

Expected per-cent change

in sales1956 to 1957

91059

13

1635

6536

1095

1. These anticipations were reported by manufacturers between late January and earlyMarch.

2. Includes fabricated metals, lumber, furniture, instruments, ordnance, and miscellaneous.3. Includes rubber, tobacco, apparel, printing and publishing, and leather.

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

In the fabricating area the largest gain appears in thetransportation equipment group other than motor vehicles.The rise of more than one-third that has been scheduled forthe second year in a row stems from rising procurementprograms for aircraft and missiles and increased ship con-struction programs.

Both machinery groups are also anticipating large in-creases in capital outlays this year, with the electrical groupup about 15 percent and the nonelectrical group up 30 per-cent. The former industry has been experiencing a weaken-ing in demand for some consumer appliances and some proj-ects originally contemplated for this year have been post-poned.

In 1956, without exception, every major industry in thedurable goods field increased its 1955 rate of capital spendingby one-third or more. This year the motor vehicle industryanticipates reducing its new fixed investment from a record$1.7 billion in 1956 to $1.3 billion in 1957; the stone clay andglass industry expects its outlays to fall by 8 percent andlumber companies are also expecting a reduction in invest-ment.

Examination of nondurable goods producers' programsfind decreases being scheduled by the textile industry, small-er-than-average advances in the case of rubber and paper,and no change expected in food and beverage companies'outlays. The petroleum industry reports a $3.4 billion out-lay, up 8K percent from 1956. Manufacturers in the chemi-cals industry expect an increase to a record $1.8 billion in1957, after a greater than two-fifths rise from 1955 to 1956.


8 SURVEY OF CURRENT BUSINESS March 1057

A breakdown by size of firm indicates that large- andmedium-sized firms are responsible for the anticipated risein manufacturing investment in 1957. Small companies inthe aggregate expect a reduction in outlays.

Adjustment for understatement

This year, for the first time, an adjustment was made inannual anticipations reported by small firms, which aredefined here as companies with assets less than $10 million.The adjustment was made to correct for the systematictendency for the reported anticipations of small companiesto understate actual outlays. Although the magnitude ofthis understatement has varied over the years, being greaterin years of rising investment and less in years of fallinginvestment, it has been manifest in the data in each of thesurveys,

Capital Outlays by NonmanufacturersBILLIONS OF DOLLARS'

25

ao

15

10

TOTAL NONMANUFACTURING

PUBLIC UTILITIES

* i 1 I t t ±

1952 1953 1954 1955 1956 1957*QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES

PERCENT CHANGE, 1956 TO 1957*

-20 -10 0 +10 +20 +30 +40 +50

Public ut i l i t ies

Rai l roads

Transportation, otherthan rail

•* Da to for 1957 are anticipated

U* 8. Department of Commerce, Office of Business Econoft]

Data: SEC 8 Q B E

57 - 8 -6

The adjustment amounted to a 10 percent increase, whichwas roughly the average annual understatement of the smallfirms, considered as a group, over the past 5 years. Theadjustment was uniformly applied to the planned expendi-tures of the small size classes in each industry. The correc-tion added $.3 billion to total anticipated :manufacturinginvestment as reported in this review; this constitutes 2percent of manufacturing investment and .8 of 1 percent ofaggregate investment this year.

Replacement and expansion

The survey again asked firms to segregate their expendi-tures into expansion outlays and replacement and moderni-zation outlays. The distinction is not a hard and fast one,since a given expenditure often combines both elements.Another precaution to be noted in using the figures is thatnot all of the sample firms were able to provide the break-down. Data are shown in Table 2.

The survey finds that both expansion and replacementexpenditures are expected to increase in 1957, though thereis little change in the ratios. In durable-goods manufac-turing the expansion ratio is expected to remain close to theratio reached in 1956—just under 60 percent.

The current findings contrast with those in the last twosurveys, which found a very sharp annual rise in the propor-tion of total capital outlays devoted to expansion. From alow of 42 percent in 1954 this ratio rose to 45 in 1955, and to53 percent last year.

New expansion in electric generating

The public utilities as a group expect their capital outlaysto increase to more than $6 billion, almost one-fourth over1956. Electric utilities are contemplating a rise somewhatlarger than one-fourth while gas companies anticipate a riseof approximately one-sixth. Last year the gas utilitiesincreased investment by the larger relative amount. Theincrease in outlays implied from the first to the second halfof 1957 is attributable exclusively to the electric utilities;seasonally adjusted expenditures by gas companies show aslight decline over this period.

This year's electric utility programs represent the firstyear of advance of a new expansion in generating facilities.According to trade sources, this expansion is expected to addover 30 million additional kilowatts of generating capacityin the 1957-59 period, a one-third increase from currentlevels.

The years 1955 and 1956 may be considered transitionalyears in electric utility capital outlays. In overall terms1955 represented the low point in new investment, as expan-sions in generating facilities that were begun during theKorean hostilities reached an advanced stage. Last yearsaw further declines in expenditures for such facilities/butthese decreases were more than offset by higher outlays fortransmission and particularly, distribution facilities. Thelatter have been undergoing small but steady advances since1950, being dependent to a considerable extent on new homeconstruction in newly developed areas. This year finds a60-percent advance planned in expenditures for powergeneration, a rise which, if realized, would raise such outlaysin current dollars above the 1953 peak.

The difference between plans for last year and those forthe current year are brought out in the bottom part of thechart on page 6. Not only were there more decreases sched-uled a year ago—by firms with almost % of investment—butthe increases last year encompassed a generally narrowerrange. These patterns, it may be noted, are the reverse ofthose shown by manufacturing companies during the twoyears.


March 1957 SUEVEY OF CUEEENT BUSINESS

Railroads expect $ll/2 billion outlayFollowing an increase from $.9 billion in 1955 to $1.2 billion

last year railroads are now anticipating a further rise to al-most $1.5 billion in 1957. This would bring dollar outlays inthis industry back to the record annual total of 1951. Therate in the second half of 1957 that is implied in the surveydata in somewhat below the seasonally adjusted rate reachedin late 1951—early 1952. In addition, prices of capital goodsbought by railroads are currently about % higher than theywere at that time.

The frequency distributions pertaining to railroad invest-ment plans in early 1956 and early 1957 are shown in themiddle part of the chart. As the left-hand side relating to1956 plans indicates, planned increases were almost universallast year and many of them were very large. This year de-creases from 1956 are expected in the case of railroads ac-counting for 45 percent of this industry's outlays.

Although it is clear that many railroads have made sub-stantial progress toward earlier established investment goals,backlogs of freight cars—which have figured most pomi-nently in the current railroad investment advance—are stillvery high. While the first half of last year saw a sizablereduction in unfilled orders, the second half witnessed a muchsmaller decrease, as carbuilding was hampered by shortagesof steel plate. January 1957 installations reached the highesttotal since October 1953 and the freight car backlog at theend of January was over 14 months at this rate.

Other nonmanufacturingIn the commercial group, changes in capital outlays in 1957

are also mixed, but a decline of 6 percent from 1956 is in-dicated for the group as a whole. Retail firms are expecting

Business SalesBusinessmen expect further increases in 1957

PERCENT CHANGE1 5 —

MANUFACTURING TRADE PUBLIC UTILITIESData: SEC 8 QBE


418765—57 2

to make smaller outlays in 1957, thus bringing to a halt a risethat has been in progress since Government limitations onstore construction were removed in 1952. Constructioncompanies also anticipate reduced capital investment thisyear.

Communications companies expect a rising trend through-out the year; the substantial increase currently scheduled, isnot so great, however, as the dollar increase that occurredlast year.

Investment data for mining companies show decreasesscheduled by petroleum and gas companies and iron ore pro-ducers, offsetting the advances expected by coal and othermineral industries.

Airlines have scheduled further substantial increases ininvestment this year and are primarily responsible for the7 percent rise in the nonrail transportation group. Furtherrises are being anticipated by pipeline companies, whilemotor carriers—trucking firms and bus lines—expect littlechange from last year.

REALIZATION OF 1956 PROGRAMSThe 22 percent rise in plant and equipment expenditures

that took place last year was among the largest in the postwarperiod. The advance extended to virtually all major in-dustries, with sizable year-to-year gains very common. Therise to $35 billion included an increase of about 30 percentin manufacturers' expenditures, which established a newrecord at $15 billion. Investment in the mining and rail-roads industries registered relative advances approximatelyas large. In public utilities, nonrail transportation andcommercial industries—where investment in major facilitieshas been more heavily influenced by longer-run growth fac-tors—the relative gains over 1955 were more moderate.

The increase in aggregate investment over 1955 that busi-ness projected according to the survey conducted last year,came extremely close to realization. In a number of im-portant industry divisions plans fell short of expectations:the railroads missed by 6 percent, nonrail transportation,by 4 percent, public utilities by 2 percent, and while manu-facturing investment came very close, it was nonethelesslower than expected. Plans were exceeded in the miningand commercial groups by 9 and 4 percent, respectively.An adjustment for prices would probably put the real vol-ume of total investment somewhat below the expectedamount, since prices actually paid may have been higherthan had been assumed.

Last year's experience bears certain resemblances to thechange from 1950 to 1951, when a 25 percent increase inexpenditures occurred, as compared with an anticipated riseof 29 percent. Both were years of substantial rise in capitalinvestment, although the earlier expansion, to a consider-ably greater extent than the present, was defense stimulated;both followed years of recovery in the rate of fixed privateinvestment; and both years started off with very highunfilled orders for capital equipment.

In durable goods manufacturing, steel, nonferrous metals,motor vehicles and transportation equipment other thanmotor vehicles—with anticipated increases ranging from 50to 100 percent over 1955—actually experienced very sub-stantial increases over the previous year but fell somewhatshort of their 1956 programs. The machinery industries,with planned increases ranging from one-fourth to one-third, spent more than forecast, while in stone, clayand glass the anticipated rise of three-eighths was exactlyfulfilled.

In nondurable goods, plans were exceeded in textiles,rubber, paper and chemicals, while those in food and bever-ages and petroleum fell short.


10 SUEVEY OF CURRENT BUSINESS

Table 4.—Expenditures on New Plant and Equipment by U. S. Business,1 1954-57

[Millions of dollars]

March 1957

Manufacturing

Durable-goods industries

Primary iron and steelPrimary nonferrous metals _ _ _ _ _Electrical machinery and equipmentMachinery except electrical

Motor vehicles and equipmentTransportation equipment excluding

motor vehiclesStone, clay and glass productsOther durable goods 3

Nondurable-goods industries

Food and beveragesTextile-mill productsPaper and allied products

Chemicals and allied productsPetroleum and coal productsRubber productsOther nondurable goods 4 _ _

Mining

Railroad

Transportation, other than rail

Public utilities

Communications __

Commercial and other 8

Total _

M anuf actur ing

DurableNondurable _ _

Mining

Railroad

Transportation, other than rail

Public utilities

Commercial and other 6

Total

1954

11,038

5,091

754246439694

1,295

191361

1,110

5,948

765331455

1,1302,684

131451

975

854

1,512

4,219

1,717

6,513

26,827

1955

11,439

5,436

863214436809

1,128

274498

1,214

6,003

718366518

1,0162,798

150437

957

923

1,602

4,309

1,983

7,488

28, 701

1956

14, 954

7,623

1,268412603

1,078

1,689

440686

1,447

7,331

799465801

1,4553,135

201475

1,241

1,231

1,712

4,895

ill, 048

35,081

19572

16, 414

8,498

1,650821692

1,394

1,302

595633

1,411

7,916

798379835

1,7993,403

208494

1,221

1,468

1,826

6,062

10,370

37,361

1955

January-March

2,249

1,063

1544189

158

224

4888

260

1,186

1707792

2314903096

186

179

359

845

422

1,608

5,847

April-June

2,795

1,278

21145

102188

256

66106306

1,517

19692

120

23073036

113

235

217

420

1,052

471

1,819

7,009

July-Septem-

ber

2,899

1,378

21458

108206

295

72121304

1,521

17183

142

23974139

106

248

215

401

1,174

491

2,021

7,449

October-Decem-

ber

3,499

1,718

28371

138257

354

88183344

1,781

182115164

31783645

122

288

312

421

1,238

599

2,041

8,398

1956

January-March

2,958

1,462

21969

104227

341

77132293

1,496

178108155

28362740

105

262

297

396

936

I 2, 613

7,462

April-June

3,734

1,862

30688

142254

431

103172366

1,872

208126203

36480350

118

319

325

423

1,199

2,880

8,880

July-Septem-

ber

3,834

1,960

296103158267

464

120181371

1,874

203110206

37081350

122

314

277

443

1,308

2,725

8,901

October-Decem-

ber

4,428

2,339

447152199330

453

140201417

2,089

210121237

43889261

130

346

332

450

1,452

2,830

9,838

1957

January-March 2

3,908

2,028

385172143308

359

156155350

1,880

191103197

43379551

110

304

358

414

1,322

2,524

8,830

April-June 2

4,177

2,171

394203169353

355

157171369

2,006

21298

198

46287153

112

310

401

482

1,618

2,738

9,726

Seasonally Adjusted at Annual Rates

[Billions of dollars]

10.17

4.785.39

.80

.74

1.46

4.01

8.46

25.65

10.84

5.065.78

.94

.80

1.62

4.09

8.90

27.19

11.97

5.776.20

.99

.96

1.60

4.43

9.70

29.65

12.48

6.006.48

1.08

1.17

1.70

4.48

10.54

31.45

13.45

6.576.88

1.13

1.26

1.65

4.56

10.78

32.82

14.66

7.387.27

1.28

1.22

1.63

4.61

11.10

34.49

15.78

8.207.58

1.26

1.20

1.79

6.08

10.76

35.87

15.81

8.217.60

1.28

1.23

1.76

5.27

11.11

36.46

16.34

8.487.86

1.23

1.34

1.76

5.65

10.57

36. 89

16.88

8.868.03

1.22

1.48

1.84

6.03

10.55

38.00

1. Data exclude expenditures of agricultural business and outlays charged to current ac-count.

2. Estimates are based on anticipated capital expenditures reported by business from lateJanuary to early March 1957. The seasonally adjusted data include in addition to a seasonalcorrection, an adjustment when necessary, for systematic tendencies in anticipatory data.

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

4. Includes apparel and related products, tobacco, leather and leather products, and print-ing and publishing.

5. Figures for 1954-57 include trade, service, finance, and construction. Data for 1956-57also include communications.

Note: Data for earlier years were published in the June 1956 Survey of Current Business,page 6.

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

Business Sales Anticipations

BUSINESSMEN feel quite optimistic about sales prospectsfor 1957, as may be seen in the chart on page 9. Manu-facturers expect their sales to rise by 8 percent from 1956to 1957; producers of durable goods are looking forward toa gain of 9 percent over 1956 while the corresponding ad-vance projected by nondurable-goods producers is 6 percent.The gas utilities are anticipating a rise of more than 10 per-cent in revenues over last year as compared with an expectedadvance of 8 percent by electric utilities. Wholesalers look

forward to a sales increase of 3 percent in 1957 and retailersexpect to better their record 1956 sales by 4 percent.

In all of these industries the expected sales values in 1957are somewhat above current sales rates.

It is always well to keep in mind that the future courseof sales is considerably less within the control of the indi-vidual firm than is investment. While the record has often

Continued on Page 20


by Walther Lederer

Developments in the U. S. Balanceof International Payments

Rise in Foreign Reserves Interrupted

D,"UBING the fourth quarter of 1956 gold and liquid dollarassets of foreign countries (and international institutions)declined as a result of their transactions with the UnitedStates for the first time since the first quarter of 1952.During the intervening 4% years the excess of U. S. paymentsabroad over foreign expenditures here has enabled foreigncountries to build up their reserves by about $7.5 billion.The change from the third to the fourth quarter of 1956 re-sulted primarily from (a partly seasonal) increase in U. S.receipts, and a more than seasonal decline in U. S. payments.

The rise in receipts was in merchandise exports; servicestransactions remained approximately the same as in thethird quarter; foreign direct investments in the United Statesand foreign purchases of private U. S. securities declinedsomewhat.

Payments for goods and services were somewhat smallerthan in the third quarter. The larger outflow of fundsthrough merchandise imports and Government grants wasmore than compensated by the decline in tourist expendi-tures and larger return flows of Government money throughrepayments of loans. Our private investments abroad re-mained at the high level reached during the third quartereven though they included at that time large and nonrecur-ring capital outflows.

As a result of our foreign interchange, gold and liquiddollar holdings of foreign countries (and international insti-tutions) were drawn down by more than $300 million.However, U. S. receipts did not include $81 million ofinterest due from the United Kingdom, which the latter hasasked to be waived according to certain provisions in theloan agreement of 1946. If this interest payment had beenmade, the decline in foreign liquid assets would have beenabout $400 million.

To a considerable extent the changes from the third to thefourth quarter were seasonal in nature. After adjustmentsfor seasonal variations U. S. receipts from recorded transac-tions continued to rise from the third quarter, but only byabout $80 million, to $6,235 million. Including the rel-atively high net receipts from unrecorded transactions, totalU. S. receipts advanced by about $225 million to $6,570million. Payments, however, fell by $245 million to about$6,410 million. The excess of U. S. receipts over paymentsafter allowing for seasonal factors amounted, therefore, toabout $160 million or about half of the actual net paymentsin gold and dollars by foreign countries to the United States.These net payments contrast with additions to foreign goldand dollar holdings averaging about $380 million per quarterduring the first three quarters of 1956.

Effects of the Suez Crisis

THE EFFECTS of the Suez crisis upon the U. S. balance ofpayments and the changes in foreign reserves during thefourth quarter cannot be fully evaluated as yet. Exports ofoil increased from the third quarter by abo\it $100 million,most of which was shipped to Western Europe. During thecorresponding period of 1955 oil exports declined somewhat.There is no clear evidence, however, that shipments of othercommodities were stimulated by the political and resultantdevelopments. Most of the rise in shipments to Europe con-sisted of cotton, oilseeds, grains, tobacco, and civilian air-craft. Many of the agricultural products were contractedfor in earlier periods and their movement appears to haveconformed to the seasonal pattern in previous years. Coalexports were actually smaller than in the third quarter.

Petroleum flow and transportationImports of crude petroleum dropped from the third quar-

ter by about $16 million, while in the corresponding periodNOTE.-MR. LEDERER IS A MEMBER OF THE BALANCE OF PAYMENTS

DIVISION, OFFICE OF BUSINESS ECONOMICS.

a year ago they had risen by $17 million. The changes in-clude increases of $7 million from Canada (as against $4million in 1955), of $1 million rise from Latin America ($12million in 1955), and a decline of $23 million from othercountries, mainly the Middle East (against a $2 million risein 1955). It seems that oil imports were $30-35 millionlower than they otherwise would have been.

Imports from India, which could have been affected bythe closing of the Suez Canal, were slightly smaller than inthe third quarter, but imports (other than oil) from othercountries along that trade route, such as Malaya, Indonesia,and Australia, were higher. Apparently, the closing of thecanal did not reduce in this quarter imports of commoditiesother than oil. On the other hand, the temporary increasein prices for some materials produced in southeast Asia indi-cated a rise in world demand and the Suez crisis may havebeen partly responsible for the higher imports and the en-larged inventories of rubber during the fourth quarter.

The changes in the transportation account which may beattributed to the closing of the Suez Canal were relatively

11



small. Most of the additional oil exports were shipped onforeign-operated vessels and thus did not affect the U. S.balance of payments. It may be assumed, however, thatU. S. receipts increased by a small amount as a result of rateadvances on oil shipments carried by U. S. companies betweenforeign ports.

Trade and tourists

Data on tourist expenditures represent only preliminaryestimates. It may be significant, however, that the numberof U. S. citizens departing by air to Europe fell off morethan usual in November. Whereas departures during Au-gust, September, and October were about 20 percent abovethe same months in 1955, in November the increase droppedto about 2 percent. Departures by sea were less affectedbut some decline was also noted.

Table 1.—Balance of Payments, Seasonally Adjusted (ExcludingMilitary Grant-Aid)—By Quarters, 1955-56


United States payments, totalImports, total.

Merchandise _Services _

Remittances and pensionsGovernment grants and related

capital movementsUnited States private and other

Government capital _. _

United States receipts, totalExports, total

MerchandiseServices _

Foreign long-term investments inthe United States

Errors and omissions (net receipts)

Increase in foreign gold and liquiddollar assets through transactionswith the United States

I

5,0974,2172 6861 531

147

668

65

4,9344 8403 4761 364

94

104

59

19

II

5,5124,3502 7611 539

146

568

448

4,8794 7843 4301 354

95

127

506

55

III

5 4754 5492 928l' 621

153

467

306

5,2155 1123 6731 439

103

15

245

IV

5 7564 8073 1411 666'l51

421

377

5 2315 1793 685l' 494

52

205

320

I

6 1194 9193 1471 772

150

453

597

5,5315 4203 9401 480

111

47

541

19

II

6 2724 8903 117l' 773

158

514

710

5 9365 7734' 248I 525

163

50

286

56

III

6 6595 0013 2681 733

167

461

1,030

6 1576 0144 4301 584

143

187

315

IV

6 4144*9763 231l' 745

165

453

820

6 2356 1394 6561 483

96

335

—156

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

come evident in later periods. U. S. direct investments inEurope during the fourth quarter continued about as highas during the first three quarters of the year, if the purchaseof a large British petroleum company by an Americancompany during the third quarter is omitted from considera-tion. Capital movements to the Middle East were alsoreasonably steady.

Transactions in outstanding foreign securities with Eu-ropean accounts, however, changed from a net outflow ofU. S. capital of $31 million in the third quarter to a netliquidation of such investments by $49 million. Sales ofthese securities were heaviest during the first 2 months ofthe quarter, so that it is not certain to what extent the Suezcrisis was responsible for the $80 million shift in these capitalmovements. Long- and short-term claims on Europe and

United States Balance of Payments with,and Changes in Gold and DollarHoldings of, the Sterling Area

BILLIONS OF DOLLARS

1,400

1,200 -

1,000 -

800

600

400 I T 1 T I 1 1 1 I t t

Offsetting in part the transactions which resulted in higherforeign dollar expenditures or lower foreign dollar receiptswas the decline in incomes on U. S. investments abroad.Incomes on private direct investments in the oil-producingcountries in the Middle East were smaller than could other-wise have been expected, and incomes from Europeaninvestments also seem to have been lower.

The effects of the Suez crisis on merchandise trade duringthe fourth quarter appear to have been a rise in foreign ex-penditures and a loss in foreign incomes, totaling perhaps$130-140 million. The effects on travel, transportation, andincomes on private U. S. investments resulted in a declinein net receipts by the United States of about $10-20 million.If the loss of $81 million in interest due from the UnitedKingdom is included in this calculation, the adverse effectsto foreign balances of payments would be reduced to lessthan $50 million.

Short run capital movements

The short run effects of the Suez crisis on movements ofcapital in and out of the United States are more difficultto determine. Direct investments generally follow longerrange plans which cannot be changed quickly by unforeseendevelopments. The effects of such developments may be-

600

400

200

-200

-400

-600

NET PAYMENTS (+) ORRECEIPTS (-) BY THEU.S.

CHANGES IN GOLD AND DOLLARHOLDINGS BY THE STERLING AREA

® Excluding receipts of$561 million from IMF

| | I I I I I I

1953 1954

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

1955 1956Data: FRB 8 QBE

57-8-8


March 1957 SUEVEY OF CURRENT BUSINESS 13

"Other Asia" reported by U. S. Banks continued to expandduring the fourth quarter although the net outflow of newcapital was held down by the repayment by France of a$50 million short-term loan which was made during the thirdsmarter. The capital outflow through banking channels toEurope went mainly to the United Kingdom ($49 million)and Germany ($33 million). At the end of the year thetotal of claims on Europe reported by banks w&s about $770million, a substantial rise from the $530 million reported ayear earlier.

Recorded movements of foreign capital, other than thoseof liquid funds held by foreign official institutions and banks(i. e., lines 42 and 45 of the balance of payments table),did not show an increase in the flow of capital to the UnitedStates which could be associated with the Suez crisis. Netpurchases by all foreigners of U. S. private securities were

about as high as in the third quarter; those by Europeanswere slightly smaller. The rise in short-term liabilities toforeigners during the fourth quarter included advance pay-ments of $50 million by Germany in connection with thepurchase of military equipment. The remainder consistedlargely of funds held by private British accounts whichrose by about the same amount as they declined during thepreceding quarter. (This movement differed, however, fromthe seasonal pattern during the 4 preceding years.)

The changes in the international transactions of theUnited States from the third to the fourth quarter whichcould be attributed to the Suez Canal crisis seem to haveresulted in an increase in net receipts by the United Statesof less than $200 million, and around $100 million ifthe waiver of interest on the British loan is added to thiscalculation.

Other Major Shifts

AMONG other factors affecting the balance of paymentsduring the fourth quarter the largest was the rise in mer-chandise exports. Although about $500 million of the $760million increase over the third quarter may be attributedto seasonal influences, and omitting the $100 million of ad-ditional oil shipments, exports in the fourth quarter reacheda seasonally adjusted annual rate of about $18.2 billion,or $3.5 billion more than in the same quarter of 1955.

Rise in exportsThe expansion over the third quarter was mainly in non-

agricultural commodities. Cotton exports which were veryhigh in the third quarter rose slightly less than in previousyears, but other agricultural exports maintained theirusual seasonal upswing. Among other commodities theincrease was most pronounced in iron and steel scrap, andin semimanufactured iron and steel products. Exports ofindustrial machinery expanded also but less than a yearearlier.

Passenger cars and trucks advanced slightly more than ayear ago but did not exceed significantly the previous year'sexport value. Deliveries of civilian aircraft increased sub-stantially over the third quarter and over the fourth quarterof 1955, and now comprise a share in exports nearly as largeas passenger cars.

The rise in seasonally adjusted merchandise exports waspartly offset by the decline in seasonally adjusted invest-ment incomes. Both the drop in interest receipts by theGovernment and some of the decline in incomes from directinvestments may be attributed to the Suez crisis. Theremainder reflects partly a lessening in receipts from theUnited Kingdom where business activity in certain industriesdeclined, and partly a shift in dividend distribution fromthe fourth to the third quarter.

Changes in imports

On the payment side, merchandise imports after seasonaladjustments were slightly less than in the third quarter, butthe decline corresponds closely to the loss in oil imports.

Among the major commodity shifts, most important wasthe decline in coffee from the relatively high amount in thethird quarter which was a change from the usual seasonalpattern.

Other imports continued to rise, particularly of iron andsteel mill products, machinery and automobiles. Omittingcoffee and allowing for the effects of the closing of the SuezCanal on oil deliveries, imports during the fourth quarterwere about $200 million, or 7K percent, higher than in thefourth quarter of 1955. Less than 2 percent of the increasemay be attributed to higher import prices. During thesame period the Gross National Product rose by about 6percent and industrial production by 2 percent.

Government nonmilitary grants and capital transactionsincreased by the usual seasonal amount. More than half ofthese transactions now represent the financial counterpartto exports of agricultural products. During the fourthquarter sales for foreign currencies were more than $300million as against $260 million in the third quarter. Largeramounts of such currencies than in the third quarter wereused for grants and loans, so that the amount accumulatedwas somewhat smaller.

Record capital outflowNet private capital outflows from the United States

reached a record of $880 million in the fourth quarter of1956, bringing the total for the year to an unprecedented$2,750 million. Direct investment capital outflows, exclud-ing reinvested earnings, were over $500 million in the fourthquarter and over $1,600 million for the year. Other outflowsof private capital, largely short- and medium-term creditsby banks and net sales of new foreign bonds in the UnitedStates, aggregated about $350 million in the fourth quarterand $1,100 million for the year. The only downturn incapital outflows in the fourth quarter of 1956 was a smallnet liquidation of investments in European corporate stocks,as mentioned earlier.

Direct investments during the fourth quarter were especi-ally large in Latin America and Canada, bringing the totalfor each of these areas for the year 1956 to over $500 million.A few large projects, such as payments for oil leases in


14 SURVEY OF CURKENT BUSINESS March 1957

Venezuela, and the investments by Canadian oil and pipe-line companies accounted for more than $200 million of thefourth quarter capital outflow. Investment activity in otherindustries was also higher than in recent years, as U. S.companies shared in the rise in industrial activity in Canadaand expanded or diversified their operations in LatinAmerica.

United States Balance of Payments with,and Changes in Gold and DollarHoldings of, Continental Western Europe

MILLIONS OF DOLLARS1,600

1,400

1,200

1,000

800

U.S. PAYMENTS

U. 5. RECEIPTS

600 L—l I L I . . . I I I 1 I . J I

800

600

400 -

200

-200

CHANGES IN GOLD a DOLLAR HOLDINGSBY CONTINENTAL WESTERN EUROPE

NET PAYMENTS (+) OR RECEIPTS (-) BY THE U.S

1953


The capital outflow for direct investments in Europe wasspurred by the prospect of a continued high level of indus-trial activity and rising purchasing power in the area. Thegradual establishment of free trade throughout most ofWestern Europe provided for in the Common Market treatyand Free Trade Area plans is likely to strengthen thistendency.

Banks supply funds

Most of the fourth quarter outflow of private capital,other than direct investments, resulted from unusually largenet credits by U. S. banks of nearly $270 million, althoughthis total was held down by the repayment of over $50 millionby France arising from special financing earlier in the year.Fourth quarter bank financing was especially large forGermany, the United Kingdom, Canada, Cuba, Mexico,and Japan.

The continuous rise in foreign credits by U. S. banks sinceearly in 1954 has been a significant factor supporting thedollar availabilities of many foreign countries. By the endof 1956 U. S. banks reported total credits outstanding toforeigners of about $2.8 billion. This amount is approxi-mately as large as the previous high reported for 1930,though much smaller in relation to the foreign trade of theUnited States. The main factor in the current level of for-eign lending by U. S. banks is the attractiveness of relativelyhigh interest rates paid in Western Europe, Canada, andmost other countries.

New issues of bonds during the fourth quarter were mainlyfor Canadian account, but there were also sizeable purchasesof Australian and Israeli securities. For the year as awhole, purchases of new foreign bonds—mainly Canadian—offered in the United States were over $435 million, largerthan in any postwar year except 1951 when large issues bythe International Bank were purchased. Redemptions ofoutstanding dollar bonds in 1956 were somewhat less thanthe unusually high amount in 1955.

Unrecorded transactions larger

As indicated earlier net payments to foreign countriesresulting from recorded transactions, after allowing forseasonal changes, dropped from about $500 million in thethird quarter to about $180 million in the fourth. The $320million decline is nearly accounted for, however, by the$100 million which may be attributed to Suez, the $100million shift in capital movements resulting from thepreviously mentioned short-term loan transactions withFrance, and changes in extraordinary and large capitaloutlays from about $310 million in the third quarter (thepurchase of the British Oil Company, the subscription tothe International Finance Corporation, other large invest-ments by oil and pipeline interests in Venezuela and Canada)to $230 million (mainly by the oil industry in Venezuela andCanada) in the fourth quarter.

The shift from the third to the fourth quarter in themovement of gold and liquid dollar assets held by foreigncountries (and international institutions) was about $470million (after allowing for that amount which may beattributed to the seasonal changes in other items of thebalance of payments) and thus exceeded the decline in netpayments of $320 million resulting from recorded trans-actions. The difference arises from a $150 million increasein net receipts through unrecorded transactions.

As indicated in earlier surveys of the balance of payments,net receipts flowing from transactions which have not beenidentified have risen sharply from the second to the thirdquarter and in the fourth quarter this figure was the highestsince 1949. Although in part this figure reflects the lack ofdata on certain recurring transactions, the sudden upswingduring the last half of 1956 may be connected with th$increasing disequilibrium in world transactions.

The data for the postwar years seem to indicate that themovements of the unexplained residual in the U. S. balanceof payments are related to changes in foreign reserves.More specifically, net receipts from unrecorded transactionsseem to be relatively small as long as the international


March 1957 SUEVEY OF CUEEENT BUSINESS 15

transactions of foreign countries with each other, as well aswith the United States, are either in balance or result ingrowing gold and dollar reserves. A rising disequilibriumindicated by larger dollar deficits of some foreign countries(even if they are offset by larger dollar surpluses of others)seems to be followed by an increase of unrecorded netreceipts by the United States.

European reserves and transactions with the U. S.

The recent disturbances in the balances of internationalpayments became, of course, most evident in the loss of re-serves by the sterling area and certain European countries.In order to strengthen the pound sterling, the BritishGovernment obtained $561 million, as well as arranged for anadditional drawing right of $739 million, from the Inter-national Monetary Fund; asked for a $500 million loan fromthe Export-Import Bank against collateral of U. S. securities;and made use of the clause in the British loan agreementpermitting, under certain circumstances, the waiver ofinterest payment amounting to $81 million due the UnitedStates and $23 million due to Canada.

The extent to which changes in the sterling area's gold anddollar holdings may be attributed to known transactions withthe United States is indicated in chart I. The upper panel

Total Imports by Foreign Countries,U. S. Exports, and Foreign Gold andDollar Holdings

BILLIONS OF DOLLARS (ratio scale)

100 —90 -

80

70

60

50

40

30

20

10

FOREIGN IMPORTS

FOREIGN GOLD AND DOLLAR HOLDINGS(end of period)

1950 51 52 53 54 55 56 57* Quarterly totals, seasonally adjusted, at annual rates

Data: IMF, FRB, Census Bur. 8 QBE

U. S. Department of Commerce, Office of Business Economics 57 -8 - 10

shows the very high payments by the United States in thethird quarter of 1956 which included the $176 million pur-chase of the British Oil Company. Without this transactionthe drop would have been much smaller from the third to thefourth quarter, and would have set in 3 months earlier.

The panel also shows that over the last 4 years U. S. pay-ments to the sterling area were generally larger than the ex-penditures by the sterling area in the United States. Themajor exceptions are in the fourth quarters, when interestand principal payments on the British loan are made.Because the interest was not paid in 1956, the excess of U. S.receipts was much smaller than in the two preceding years.

The lower panel shows, first, that net payments by theUnited States to the sterling area in 1956 were larger than inany of the three preceding years. Second, the declines insterling area gold and dollar assets in 1953, 1954, and 1955preceded by about 3 months the decline in net receipts fromthe United States. This may in part be due to the recordingof U. S. imports at the time of arrival, rather than at the timeof payment. In 1956, however, the acquisition of gold anddollars by the sterling area seems to have reached the peak 2quarters earlier than net receipts from the United States.Third, the differences between the maximum declines in goldand dollar holdings by the sterling area and its net paymentsto the United States appears to have widened from year toyear.

This suggests that at least the recorded transactions of thesterling area with the United States are a diminishing factorin sterling area gold and dollar losses, and that particularlythe recent sterling crisis must have been due mainly to in-creasing dollar payments to other countries.

Transactions with continental Western Europe (chart II)show a sharper rise in European payments to the UnitedStates, than in U. S. payments to Europe and a change froman excess of U. S. payments to an excess of U. S. receiptsduring the last quarter of 1956. If the $50 million short-term loan transaction with France were omitted, the excessof U. S. payments would have disappeared in the thirdquarter and the excess of U. S. receipts in the fourth quarterwould have been smaller. (It may be noted here that the$50 million advance payments during the fourth quarter byGermany for the purchase of military supplies are not in-cluded in U. S. receipts but are still considered a part ofGerman gold and dollar assets.)

The lower panel indicates that during the last 4 yearscontinental Western Europe has acquired gold and dollarsfrom sources other than the United States, in part from theUnited Kingdom, and that the accumulation of gold andliquid dollar assets by continental Western European coun-tries declined during 1956 as their expenditures in the UnitedStates have risen and net dollar receipts from the UnitedStates have lessened.

Foreign reserves, trade, and U. S. exports

The third chart shows the relationship between the move-ments of foreign gold and liquid dollar holdings, foreignimports from all countries, and foreign imports from theUnited States since 1950.

The chart shows that at the end of 1956 the rise in foreigngold and dollar holdings was interrupted for the first timesince 1951. At that time the high amount of foreign ex-penditures in the United States (mainly for U. S. exports)exceeded foreign receipts from the United States. Theresulting fall in international reserves was followed—withsome lag—by a decline in foreign imports. Foreign pur-chases from the United States started to drop early in 1952together with foreign purchases from all countries. The



[Millions of dollars]Table 2.—Balance of Payments of the United States,

Line

1

2

3

4

56

78

9

101112

13

14

1516

1718

19

2021

2223

2425

26

27

2829

30

3132333435363738

3940

41

42

43

44

45

46

47

48

Exports of goods and services,total.

Military transfers undergrants, net, total.

Other goods and services,total.

Merchandise, adjusted,excluding military.

TransportationTravel. ...Miscellaneous services:

Private _.Government, excluding

military.Military transactionsIncome on investments:

Direct investmentsOther privateGovernment

Imports of goods and services,total.

Merchandise, adjusted, ex-cluding military.

TransportationTravelMiscellaneous services:

PrivateGovernment, excluding

military.Military expendituresIncome on investments:

PrivateGovernment

Balance on goods and services :Total_Excluding military transfers

Unilateral transfers, net (toforeign countries (— )):

TotalExcluding military supplies

and services.Private remittancesGovernment:

Military supplies andservices.

Other grantsPensions and other trans-

fers.

United States capital, net[outflow of funds (-)],total.

Private, net, totalDirect investmentsNew issuesRedemptionsOther long-term netShort-term, net_ ._

Government, net, totalLong-term capital, out-

flow.Repayments

Foreign capital, net [outflowof funds (-)], total.

Direct and long-term port-folio investments otherthan United States Gov-ernment securities.

Transactions in UnitedStates Government se-curities.

Short-term liabilities to for-eign banks and officialinstitutions.

Other short-term liabilities..

Gold sales [purchases (— )]_

Foreign capital and gold, total

Errors and omissions andtransfers of funds betweenforeign areas [receipts byforeign areas (— )], net.

All areas

1955

22, 049

2,134

19,915

14, 264

1,336645

825131

202

1,978260274

17,923

11, 516

1,2021,155

489245

2,804

41894

4,1261,992

-4, 596-2,462

-456

-2, 134

-1,865-141

-1,455

-1,153-679— 124

203-359-194-302-375

416-343

1,433

344

529

700

-140

41

1,474

453

1956

Year *

25, 956

2,610

23, 346

17, 274

1,599718

857121

152

2,132299194

19, 786

12, 763

1,4371,284

523263

2,906

457153

6,1703,560

-4, 922-2,312

-503

-2, 610

-1,672-137

-3,366

-2,746-1,633

—438163

-359-479-620-527

479-572

1,803

513

-141

1,135

296

-304

1,499

619

I

5,969

654

5,315

3,936

364146

21030

31

4886248

4,844

3,249

325208

12157

732

11933

1,125471

-1,200-546

-118

-654

-400-28

-546

-427-297— 103

75-108

6-119-105

89-103

610

111

-250

698

51

-12

598

23

II

7,023

1,093

5,930

4,406

410185

21030

56

5057850

5,053

3,165

389341

12258

832

11234

1,970877

-1,711-618

-119

-1,093

-461-38

-868

-661-324

—9214

-94-165-207-184

99-122

553

163

60

280

50

-103

450

159

III'

6,119

447

5,672

4,087

404227

21630

30

5457657

5,070

3,146

386500

14190

654

11439

1,049602

-956-509

-126

-447

-350-33

-965

-780-481— 100

28-118-109-185-113

120-192

820

143

101

505

71

-163

657

215

IV P

6,845

416

6,429

4,845

421160

22131

35

5948339

4,819

3,203

337235

13958

688

11247

2,0261,610

-1,055-639

-140

-416

-461-38

-987

-878-531-143

46-39

-211-109-125

171-155

-180

96

-52

-348

124

-26

-206

222

Western Europe

1955

7,539

1,593

5,946

4,310

58161

37563

33

26254

207

5,780

2,399

596413

29894

1,633

28958

1,759166

-2, 660-1,067

-226

-1,593

-800-41

-238

-191-129-29

16-24-25-47-74

253-226

972

295

147

532

-2

78

1,050

89

1956

Year?

8,954

1,886

7,068

5,337

75774

37134

50

25069

126

6,583

2,945

722465

29973

1,666

31499

2,371485

-2, 659-773

-247

-1,886

-475-51

-741

-673-412

12-120-153-68-87

289-270

1,043

370

-125

635

163

-79

964

65

I

2,059

501

1,558

1,155

16516

958

10

601237

1,559

717

16248

7317

440

8121

500*

-690-189

-60

-501

-114-15

-100

-71-73

3OK

24-29-8

52-73

297

50

-163

337

73

33

330

-40

II

2,554

790

1,764

1,325

19821

909

18

611824

1,791

713

209154

7418

524

7722

763-27

-1,007-217

-61

-790

-143-13

-177

-118-35

4Ae

-42-59-45

50-64

154

123

68

-52

15

154

267

III'

2,018

310

1,708

1,252

19419

928

10

701845

1,618

694

200188

7719

338

7626

40090

-476-166

-59

-310

-96-11

-411

-395-242

-83-72-16-16

80-80

412

120

36

275

-19

6

418

69

IV f

2,323

285

2,038

1,605

20018

949

12

592120

1,615

821

15175

7519

364

8030

708423

-486-201

-67

-285

-122-12

-53

-89-62

333

-6336

-18

107-53

180

77

-66

75

94

-118

62

-231

Western European dependencies

1955

742

742

505

488

131

("0

166

1

1,215

944

2679

47

149

51

-473-473

-24-24

-20

-3-1

11

73

5-1

(«)

4(•)

-6

7

(•)

-8

-6

492

1956

Year v

896

896

632

558

141

00

186

00

1,225

977

3093

47

110

400

-329-329

-27-27

-20

-6-1

-35

-38-39

7-6

3(*)

1

44

9

1

17

17

00

44

347

I

208

208

154

141

400

CO

35

00

340

270

632

12

28

100

-132-132

-7-7

-5

-2(•)

-12

-12-12

2

002

00

9

CO

10

-1

(•)

9

142

II

228

228

162

163

300

00

44

00

294

235

725

11

24

100

-66-66

-7-7

-5

-1-1

-26

-27-19

1-9

1

i

7

g

(«)

-4

8

7

92

III '

212

212

148

123

300

(*)

46

00

291

227

820

12

32

1(•)

-79-79

-6-6

-5

-1(*)

4

3

211

1

18

1

12

5

18

63

I V v

248

248

168

131

41

0°)

61

(•)

300

245

916

12

26

100

-52-52

-7-7

00

-1

— 2—8

41

(x)

1

10

1

-1

10

50

Eastern Europe

1955

27

27

13

0000

400

(•)

10

58

55

00

2

1

00

-31-31

-17-17

-13

A

C)

4

00r*>

(•)

e

— 1

1

(*)

1

(')

1

43

1956

Year t

32

32

18

CO4

00

10

68

64

1

2

1

-36-36

-2-2

-13

-314

-12

-15

-153

4—1

-5

(*)

(«)

-14

-19

69

I

7

7

5

(«)

1

1

15

14

00

1

00

-8-8

1111

-3

0014

-4

-5

c

1

1

00(*)

(«)

00-13

-13

14

II

14

14

5

(•)

1

8

19

18

(•)

1

00

-5-5

-3-3

-3

"("•)"

-9

-9

g

1— 1

00

00

0017

III '

5

5

3

001

00

1

17

15

1

00

1

-12-12

-6-6

-3

-3(•)

-1

-11

1

E

-5

-1

-6

24

I V P

6

6

5

00

100

(*)

17

17

(*)

00

00

-11-11

-4-4

-4

(•)

1

00

1

00

00

(•)14

' Revised. P Preliminary. * Less than $500,000.NOTE—Net foreign investment equals the balance on goods, services, and unilateral transfers for all areas: 1955 Annual, -470; 1956 Annual, 1,248; 19561, -75; II, 259; III, 93; IV, 971.


March 195T SURVEY OF CURRENT BUSINESS 17

by Area 1955 Annual and 1956 Annual and by Quarters[Millions of dollars]

Canada

1955

4,402

4,402

3,323

96355

1002

93

298134

1

3,440

2,675

100308

232

216

10115

962962

-15-15

-5

-10

-301

-310-279-38160

-71-82

9(«)

9(«)

-219

-2

344

-468

-93

-219

-427

1956

Year*

5,257

5,257

4,113

107389

1062

44

353143

(•)

3,772

2,904

121333

253

254

11121

1,4851,485

-11-11

-1

-10

-938

-943-520-361

95-143-14

(•) 5

5(•)

495

79

-68

457

27

-15

480

-1,016

I

1,181

1,181

951

2473

231

9

6931

00

808

660

2730

6(•)

50

305

373373

—3-3

-3

-260

-262-171-89

62-60-4

2

2

128

53

-68

165

-22

128

-238

II

1,398

1,398

1,117

26101

27(")

18

7138

(•)

930

725

3167

61

68

275

468468

-4-4

-1

-3

-196

-199-114-70

7-28

63

(•)

3(•)

123

26

-7

92

12

123

-391

III-

1,280

1,280

965

29134

291

7

7936

(•)

1,071

747

32184

71

64

315

209209

-2-2

(•)

-2

-186

-186-81-94

10—27

6(•)

(•)

158

13

-9

136

18

158

-179

IV*

1,398

1,398

1,080

2881

27(•)

10

13438

(")

963

772

3152

61

72

236

435435

-2-2

(•)

-2

-296

-296-154-108

16-28-22

(•)

(•)

86

-13

16

64

19

-15

71

-208

Latin American republics

1955

4,854

32

4,822

3,296

328197

16423

13

7353234

4,334

3,468

287320

15364

21

156

520488

-140-108

-34

-32

-68-6

-382

-329-141-1

9-221

25-53

-143

115-25

167

22

49

64

32

-14

153

-151

1956

Year v

5,560

64

5,496

3,833

338223

17529

14

8094134

4,741

3,769

326352

17664

28

179

819755

-185-121

-36

-64

-75-10

-810

-718-521

9-53

-153-92

-117

126-101

366

33

-5

267

71

28

394

-218

I

1,315

7

1,308

915

8252

437

3

19385

1,266

1,040

7290

3716

5

42

4942

-35-28

-7

-7

-17-4

-69

-41-17

2-18-8

-28-20

23-31

100

4

-2

87

11

(•)

100

-45

II

1,370

22

1,348

951

8354

437

4

1831112

1,169

939

8183

3616

8

42

201179

-56-34

—12

-22

-20-2

-192

-175-111

2-1

-65-17-26

39-30

80

5

(•)

56

19

-20

60

-13

III-

1,381

20

1,361

926

8564

437

5

216105

1,204

939

8796

5216

8

42

177157

-46-26

-8

-20

-16-2

-214

-174-140

2-7

-29-40-31

20-29

133

4

—2

87

44

-85

48

+35

IV P

1,494

15

1,479

1,041

8853

468

2

2171212

1,102

851

8683

5116

7

53

392377

-48-33

-9

-15

-22-2

-335

-328-253

-27—51

— 7—40

44-11

53

20

-1

37

-3

133

186

-195

All other countries

1955

4,399

509

3,890

2,790

28324

12542

63

5172521

3,059

1,975

19335

1148

784

85

1,340831

-1,659-1, 150

-158

-509

-909-83

-524

-303-133-56

11-14

—111-221-158

28-91

428

10

22

469

-73

2

430

413

1956

Year *

5,175

660

4,515

3,317

34224

14355

44

5343224

3,348

2,104

23840

1980

847

119

1,8271,167

-1,949-1,289

-186

-660

-1,024-79

-780

-342-141-77

14

-138-438-288

51-201

208

10

-14

190

22

(•)

208

694

I

1,177

146

1,031

749

794

3314

9

13175

851

548

588

419

209

32

326180

-454-308

-43

-146

-245-20

-97

-32-24-14

141

-65-77

111

62

2

-16

86

-10

62

163

II

1,437

281

1,156

838

876

3514

16

14686

846

535

6112

520

208

32

591310

-620-339

-37

-281

-283-19

-259

-124-45-22

(•)-11-46

-135-113

6-28

77

4

1

73

-1

77

211

III-

1,200

117

1,083

785

847

3714

8

13486

834

524

5911

421

211

22

366249

-399-282

-51

-117

-213-18

-122

-24-18-6131

-14-98-31

16-83

27

1

1

2

23

27

128

IV »

1,361

116

1,245

945

927

3813

11

12397

817

497

609

620

219

33

544428

-476-360

-55

-116

-283-22

-302

-162-54-35

(•)

-79-140

—67

18-91

42

3

29

10

(•)

42

192

International institutions

1955

86

86

27

44

15

37

28

w.4949

-81-81

-81

-25

-27

7-34

"•2

90

12

-33

110

1

-25

65

-8

1956

Year v

82

82

24

44

14

49

34

(•)15

3333

-89-89

-89

-50

-17

33-50

(•)-33-35

2

-348

12

70

-426

-4

-224

-572

678

I

22

22

7

11

4

5

2

3

1717

-22-22

-22

-4

-4

7-11

14

2

— 1

13

-32

-18

27

II

22

22

8

11

3

4

1

(*)3

1818

-14-14

-14

-9

-9

1-10

(•)

112

2

-2

115

-3

-83

29

-24

III-

23

23

8

11

4

35

31

(*)4

-12-12

-21-21

-21

-36

-3

1-4

—33-35

77

4

75

—2

-83

-6

75

IV*

15

15

1

11

3

5

(•)

5

1010

-32-32

-32

-1

-1

24-25

-551

4

-2

-552

-1

-26

-577

600

Line

1

2

3

4

56

78

9

101112

13

14

1516

1718

19

2021

2223

2425

26

27

2829

30

3132333435363738

3940

41

42

43

44

45

46

47

48

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

418765—57 3


18 SUEVEY OF CUEEENT BUSINESS March 1957

decline in U. S. exports was relatively greater, however, thanthat of total foreign imports and lasted considerably longer.

Because foreign expenditures here fell below U. S. ex-penditures abroad, the rise in foreign reserves was resumed.This in turn facilitated—with some lag—an upturn inforeign imports. As foreign requirements for some of themajor raw materials including coal, iron and steel products,and certain foodstuffs expanded faster than foreign produc-

tion, demands from the United States increased more thanin proportion to aggregate foreign production and trade.

As a result, U. S. exports and other receipts rose fasterthan U. S. payments to foreign countries, and the rate ofaccumulation of foreign reserves was gradually reduced.As a result of the Suez crisis this development was acceleratedand the rise in foreign reserves was changed to anotherdecline.

Table 3.—Balance of Payments of the United States with the Sterling Area 1955 Annual and 1956 Annual and by Quarters


Line

12

34

56

789

101112

1314

1516

171819

2021

2223

2425

26

27, 28

29

30

313233343536

37383940

41

42

43

44

45

46

47

48

Exports of goods and services, totalMilitary transfers under grants, net,

totalOther goods and services, total

Merchandise, adjusted, excludingmilitary

TransportationTravel . _ _Miscellaneous services:

Private __.Government, excluding military-

Income on investments:D irect investmentsOther privateGovernment

Imports of goods and services, totalMerchandise, adjusted, excluding

militaryTransportation _ _ _ .Travel _ -Miscellaneous services:

Private _ _ _ . .Government, excluding military. _ _

M ilitary expend ituresIncome on investments:

PrivateGovernment

Balance on goods and services:TotalExcluding military transfers

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

TotalExcluding military supplies and

servicesPrivate remittancesGovernment:

Military supplies and servicesOther grants -Pensions and other transfers

United States capital, net (outflow offunds (—)), total

Private, net, totalDirect investmentsNew issuesRedemptionsOther long-term, net _ _Short-term, net

Long-term capital, outflowRepayments _ _ _ .Short-term, net -

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

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

Transactions in United States Gov-ernment securities

Short-term liabilities to foreign banksand official institutions

Other short-term liabilities

Gold sales (purchases ( — ))

Foreign capital and gold total

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

Total

1955

nss

nss3,322

2,14424139

2892327

42134

104

3,099

1,800217160

25922

464

1698

nss223

nss

-380-89

nss-282

-9

-82-61

-104-14

8-30

79

-21-43

68-46

104

102

67

-45-20

00

104

135

1956

Year p

nss

nss3,512

2,35129043

2872611

4394025

3,470

1,994250188

24830

566

18014

nss42

nss

-309-88

nss-212

-9

-572-480-346-25

14-120

-92-73129

-148

585

174

-80

44051

-100

485

354

I

nss

nss812

555669

7063

9661

869

4985241

617

163

452

nss-57

nss

-74-22

nss-49-3

-2511

-25

1-136

-36— 12

-27

209

27

-40

17943

209

-53

II

nss

nss850

5537513

7063

1071112

922

5077557

627

166

453

nss-72

nss

-101-22

nss-77-2

-141131

-75—1100-32-13

-10-36

206

50

63

11

-14-10

50

264

III'

nss

nss835

5417311

7262

12010

00

845

4857259

628

109

464

nss-10

nss

-67-22

nss-43-2

-307-247-200

13-56-4

-60-926yr

55

58

12

'-15

55

329

IV p

nss

nss1,015

7027610

7583

1161312

834

5045131

638

128

445

nss181

nss

-67-22

nss-43-2

-99-113-46— 14

-31-22

14— 16

80-50

271

26

-63

27533

-100

171

-186

United Kingdom and other Europe

1955

nss

nss1,707

1,01515922

227103

1502695

1,692

62518281

2536

375

1637

nss15

nss

-132-48

nss-78-6

3311

-33

-3882

22

57-35

67

95

66

-79-15

67

17

1956

Year p

nss

nss1,647

1,00118626

21894

1583114

1,970

78720792

2394

453

17414

nss-323

nss

-95-49

nss-40-6

-284-366-258

-107-1

82

108-26

560

167

-80

43043

-100

460

242

I

nss

nss370

221416

5421

414

460

169439

591

134

432

nss-90

nss

-13-11

nss

-2

318

-13

-637

-15

1-16

211

26

AT

17451

211

-111

II

nss

nss391

224498

542

3897

545

2016531

601

141

433

nss-154

nss

-39-13

nss-25-1

-34-63-31

-21-11

29

1613

64

60

11

-9

64

163

III'

nss

nss392

227486

5421

468

487

1976038

601

82

454

nss-95

nss

-18-12

nss-4-2

-258-258-197

-57-4

18-18

54

57

12

10-25

54

317

IV P

nss

nss494

329486

5632

33107

478

2203914

601

96

435

nss16

nss

-25-13

nss-11-1

5-63-17

-23-23

68

73

231

24

-63

24426

-100

131

-127

Dependencies

1955

432

432

242226

111

150

(x)

656

5191670

35

39

4

-224-224

-20

-20-17

-2-1

983

r

10)

1(*)

6

00c

-6

-9

244

1956

Year p

527

527

318306

111

161

692

5322185

46

40

4

-165-165

-22

-22-16

-5-1

-39-39-41

3-1

a16

6

0073

00

16

210

I

119

119

7571

3n33

(x)

195

1494

29

11

10

1

-76-76

-6

-6-4

-2

-8-8-8

1-1

^ '00

3

1

3-1

3

87

II

138

138

8592

200

40

173

1335

23

119

1

-35-35

-6

-6-4

-1-1

-19-19-17

S

-1

3

-4

-1

61

III'

127

127

7372

3

42

(x)

162

1246

18

12

10

1

-35-35

-5

-5A

-1

-3-3-5

11

' '

(•)

6

42

6

37

IV P

143

143

8571

31

46

162

1266

15

12

11

1

-19-19

-5

-5-4

-100

-9—9

-11

11

00

8

2

42

8

25

Other countries

1955

nss

nss1,183

8876011

511224

12189

751

656199

31150

21

nss432

nss

-228-24

nss-202

-2

-124-80-74-14

83

-3

-44-43

10-11

46

1

1

431

46

-126

1956

Year p

nss

nss1,338

1,0327411

58167

1209

11

808

6752211

52073

2

nss530

nss

-192-23

nss-167

-2

-249-75-47-25

14-16-1

-174-73

21-122

9

1

35

9

-98

I

nss

nss323

259182

1342

2221

214

18053

15

19

1

nss109

nss

-55-7

nss-47-1

-201

-4

I4

-21-12

2-11

-5

2— 7

-5

-29

II

nss

nss321

244173

1443

2925

204

17353

15

16

1

nss117

nss

-56-5

nss-51

-88-49-27-11(*)-11

-39-36

4

-13

-12-1

-13

40

III'

nss

nss316

241183

1541

322

00

196

16463

15

17

8nss120

nss

-44-6

nss-3800

-46142

""Is00— i-60-9

8-59

-5

1

-148

-5

-25

IV P

nss

nss378

288213

1641

3735

194

15862

25

21

8nss184

nss

-37-5

nss-31-1

-95-41-18-14

-900

-54-16

7-45

32

275

32

-84

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


i lew or STATISTICAL SERIES

Farm Income and Marketings: Revised Data for Page S-2 l

Year and month

191019111912 _.19131914

1915.--1916 -1Q171918 -1919 -

1920192119221QOO

1924

1925 —1926192719281929

1930 _1931193219331934 _

193519361937 -.19381939 _ -

194019411942 _19431944

19451946 -.-1947-19481949

195019511952 „ _195319541955 _-

1952: January..FebruaryMarch

Cash receipts from farming (millions of dollars)

Total,includingGovern-

mentpayments

5,7805,5846,0086,2386,036

6,3927,746

10, 73613. 46714, 538

12, 6008,0588,5759,545

10, 225

11, 02110, 55810, 73310, 99111,312

9,0556,3814,7485,4636,803

7,6938,6699,2008,1698,635

9,10511, 65516, 21520, 26521, 312

22, 40525, 54229,97830, 51028, 050

28, 68833, 19432, 81331,38229, 97129,493

2,6292,0622,091

Receipts from marketings and CCC loans

Total

5,7805,5846,0086,2386,036

6,3927,746

10, 73613, 46714, 538

12, 6008,0588,5759,545

10, 225

11, 02110, 55810, 73310, 99111, 312

9,0556,3814,7485,3326,357

7,1208,3918,8647,7237,872

8,38211,11115, 56519, 62020, 536

21, 66324, 77029,66430, 25327,864

28,40532,90932,53831, 16929,71429,264

2,6062,0292,047

Crops

2,9292,9053,0953,0772,899

3,2634,0355, 6426,9747,603

6,6444,1064,3004,8655,413

5,5454,8755,1254,9565,130

3,8682,5401,9962,4863,021

2,9773,6493,9243,2003,336

3,4694,6196,5268,1279,185

9,65510, 98613, 14113, 12612,460

12,36013, 23914, 25714, 03513,44313, 427

1,088638624

Livestock and products

Total

2,8512,6792,9133,1613,137

3,1293,7115,0946,4936,935

5,9563,9524,2754,6804,812

5,4765,6835,6086,0356,182

5,1873,8412,7522,8463,336

4,1434,7424,9404,5234,536

4,9136,4929,039

11, 49311, 351

12, 00813, 78416, 52317, 12715, 404

16, 04519, 67018, 28117, 13416,27115, 837

1,5181,3911,423

Dairyproducts

597577630669667

686764

1,0301,2501,522

1,5291,2001,1711,4251,405

1,5151,5661,6851,7551,839

1,6081,277

9861,0041,146

1,3101,4781,5251,3881,346

1,5211,9002,3302,7852,915

3,0213,7094,0124,3893,748

3,7194,2504,5674,3664,1144,213

343327369

Meatanimals

1,6261,5001,6411,8551,814

1,7682,2083,1094,0914,045

3,0791,8412,2042,2292,364

2,7772,8832,7712,9953,016

2,4811,7421,1581,2281,465

1,8972,2712,3502,1902,271

2,3913,2334,7675,8345,705

5,9007,0419,2959,3548,324

9,24811, 36510, 1098,7938,8688,171

917821791

Poultryand eggs

484452482479500

499554739872

1,106

1,148820796889909

1,0391,0951,0191,1231,184

998747559514617

805817866799770

8281,1431,7262,5742,468

2,8172,7542,9573,1353,110

2,8143,6683,3313,7023,0133,186

239225245

Year and month

1952— ContinuedAprilMayJuneTiiltr

AugustSeptemberOctoberNovember.December

Monthly avg

1953: JanuaryFebruaryMarchAprilMay

JulyAugustSeptemberOctoberNovemberDecember

Monthly avg

1954: JanuaryFebruaryMarchAprilMayJuneJuly..August _SeptemberOctober... __ .November __December^Monthly aver

1955' JanuaryFebruary

April _MayJune _JulyAugustSeptemberOctober

Dfiop-Tnher

Monthly avg

Cash receipts from farming (millions of dollars)

Total,includingGovern-

mentpayments

2,0962,1932,3472,7432,9393,5264,0853,2262,876

2,734

2,7711,9232,0791,9952,0852,2132,3812,5933,2273,7803,3682,967

2,615

2,6981,9991,9811,8911,9702,0812,2312,5763,1513,4343,2762,6832,4982,5131,9061,8791,9601,9552,0282,1582,5703,0563,4483,2482,772

2,458

Receipts from marketings and CCC loans

Total

2,0492,1592,3272,7292,9313,5184,0713,2122,860

2,712

2,7461,9072,0541,9582,0512,1872,3672,5853,2223,7733,3642,955

2,597

2,6801, 9851,9571,8581,9412,0422,2132,5643,1393,4253,2572,6532,4762,4781,8751,8571,9451,9382,0172,1482,5603,0433,4333,2272,743

2,439

Crops

572626863

1,2481,4191,8932,2831,6031,400

1,188

1,342645681563582791986

1,1691,7502,2041,8111,511

1,170

1,278705545498553751996

1,2471,7761,9611,7791,3541,1201,175

698553638588728955

,207,666,913,821,485

1,119

Livestock and products

Total

,477,533,464,481,512,625,788,609,460

,523

,404,262,373,395,469,396.381,416,472,569,553,444

,428

,402,280,412,360,388,291,217,317,363,464,478,299

1,3561,3031,1771,3041, 3071,3501,2891,1931,3531,3771,5201,4061,258

1,320

Dairyproducts

384439437

418400373369356352

381

341323354369418413391375348350337347

364

332306359356380370

357340324333323334343342319357363394386362347332339322350

351

Meatanimals

821807753772806930

1,067865759

842

778677705697701658669712774835829758

733

787702773729717654613727783850845688739732616668659667633566728738836744584

681

Poultryand eggs

249254244262288305328367325

278

265243294300308285297314333366373324

309

262252262243246223223236241266297262251206220260255255240243262290325323307

266

i Compiled by the U. S. Department of Agriculture, Agricultural Marketing Service.and price.

The data have been revised to take into account the latest information on production, disposition,

19


20 SURVEY OF CURRENT BUSINESS March 1957

New Permanent Nonfarm Dwelling Units Started: Revised Data for Page S-7 l

[Thousands]

Month

JanuaryFebruary _.MarchApril - - _ - _ _ _ _ _ _ _ _MayJune

JulyAugustSeptember _ _OctoberNovember __December

Privately owned, seasonally adjusted at annual rate 2

1946

682709756719698662

642638601607612647

1947

694720696710749802

847899981

1,0181,013

962

1948

938829955

1,019997990

969898862806802807

1949

800796814885905929

9641,0281,0941,1561,2401,250

1950

1,3061,3101,4061,3901,4481,476

1,4601,4781,2821,1491,1201,269

1951

1,3431,1561,068

990983948

925961

1,0521,002

976967

1952

1,0001,0861,0601, 0371,0391,029

1,0841,0751,0991,1211,1001,092

1953

1,1021,0831,1221,1341,0971,082

1,0451,0211,0241,0261,0501,032

1954

1, 0561,0811,0861,1211,1111,175

1,2211,2441,2601, 2751,3771,458

1955

1,4161,2861,3141,3741,3981,371

1,3181,3461,2521,2091,1791,192

19563

1,1961,1271,0941,1571,1461,091

1,0701,1361,0081,0501,0601,030

i Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data are revised to incorporate new seasonal factors (for seasonal factors, see the June 1958 issue of CONSTRUCTIONREVIEW). 2 Annual totals (unadjusted series) for 1946-55, respectively, are as follows (thousands): 662.5; 845.6; 913.5; 988.8; 1,352.2; 1,020.1; 1,068.5; 1,068.3; 1,201.7; 1,309.5. 3 Preliminary.

Business Anticipation of Capital Expenditures and Sales, 1957Continued from Page 10

shown divergences between expectation and final result, thesales forecasts are nonetheless of importance as a partialclue, at least, of business sentiment regarding near-termprospects.

To an important—though by no means exclusive—extent,a short-run sales projection as embodied in the annual salesanticipation stands behind investment plans for the nearfuture, because it provides an indication of more immediatecapacity requirements and earnings, and colors the longer-term outlook for these variables.

Manufacturers9 expectationsThe 8 percent rise in sales that manufacturers anticipate

is the largest expected increase since 1951. The currentlyexpected rise may be compared with advances of 6 and 4percent reported in the surveys conducted one and two yearsago, respectively. In view of the fairly steady rise in pricesin 1956, the 1957 advance may to some extent represent alarger price increase than in the other years: prices in Janu-ary of 1957 were about 2 to 3 percent higher than the 1956average—and this is a greater differential than prevailed inthe other two periods. The currently higher level of salesand unfilled order backlogs, the step-up in defense pur-chasing, an expected improvement in automobile sales from1956 and a recovery from the effects of last year's steelstrike are other factors underlying the current sales antici-pations.

Table 3 presents for major manufacturing industriesanticipated changes in sales from 1956 to 1957. Sales ex-pectations for the year in manufacturing as a whole implyfurther increases of about 3 percent from the current rate,with a somewhat greater relative increase in durable-goodsindustries than in nondurable goods.

For the year as a whole the largest increase appears inthe transportation equipment industry, where orders forcivilian and military aircraft have been strong and an upwardsales trend in 1957 is suggested. Large annual sales advancesare being anticipated by machinery industries, and furthersmall gains are suggested after the beginning of the year.

This is in line with the continued rise in capital expendituresscheduled for 1957. The 10 percent increase that is expectedby iron and steel companies over the strike year of 1956 isapproximately the same as the seasonally adjusted annualrate that prevailed early this year.

The year-to-year sales changes that are expected in thenondurable-goods industries fall into a much narrower range.The largest advances, 9 to 10 percent, appear in petroleumand chemicals. Smaller-than-average rises for the year asa whole are anticipated by food and beverage and textileindustries, while the expected increase in paper and rubberindustry revenues is about the same as the nondurablegoods average.

1956 sales expectations were high

Sales fell somewhat short of anticipations last year inboth durable- and nondurable-goods manufacturing. A 6percent rise over 1955 was anticipated in each group buteach missed by approximately 2 percent. In durable goods,sales turned out higher than planned in iron and steel, inmachinery, transportation equipment other than motorvehicles, and stone, clay and glass. These were offset,however, by a Ipwer-than-expected rise in nonferrous metals,and more particularly by a greater-than-expected drop inmotor vehicles.

A similar picture of offsetting deviations appears in non-durables. Sales in food and beverages, textiles and chemicalsrose less than expected, and paper industry sales rose more.

While there is some correlation between the signs of thedeviations between actual and anticipated sales and actualand anticipated investment, the relationship last year—considering all the industries—was not so good as has beenrevealed in the past few surveys. Motor vehicles appear tobe an outstanding case of an industry that reduced somewhatits very high rate of outlays as a result of sales disappoint-ments. Perhaps the most important reason for the poorergeneral relationship was that supply shortages limitedexpenditures in 1956.


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

CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier yearsback to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Seriesadded or significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f), respectively. Exceptas otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal variation.

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.

[Averages for the year 1955 are provided in the July 1956 issue of the SURVEY]

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

1956

Janu-ary

Febru-ary March April May June July August Septem-

ber October Novem-ber

Decem-ber

1957

Janu-ary

Febru-ary

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT

Seasonally adjusted quarterly totals at annual rates:fNational income, total _ bil. ofdol

Compensation of employees, total doWages and salaries, total. _ ...do

Private _ doMilitary doGovernment civilian _ _ do

Supplements to wages and salaries do

Proprietors' and rental income, to talc?1 doBusiness and professional^ doFarm doRental income of persons do

Corporate profits and inventory valuation adjust-ment, total _ _ bil. ofdol

Corporate profits before tax, total doCorporate profits tax liability do_ -_Corporate profits after tax _ do

Inventory valuation adjustment doNet interest do

Gross national product, total .- do

Personal consumption expenditures, total doDurable goods doNondurable goods _ doServices - do

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

Net foreign investment doGovernment purchases of goods and services, total

bil. of dolFederal (less Government sales) _ do

National security? _ doState and local _ do

Personal income, total doLess: Personal tax and nontax payments _- doEquals: Disposable personal income do

Personal saving§ _ _ do

PERSONAL INCOME, BY SOURCE

Seasonally adjusted, at annual rates :fTotal personal income bil. ofdol-..

Wage and salary disbursements , total ._ doCommodity-producing industries _doDistributive industries . . -- do ._Service industries doGovernment - do

Other labor income . doProprietors' and rental income doPersonal Interest income and dividends doTransfer payments _ _ do _ _Less personal contributions for social insurance

bil. of dol-

Total nonagricultural income do

316.7

219.094.857.929 536 8

7.349.428.518.2

5.7

301.6

317.1

218.994.757.929 536 8

7.249.728.718.3

5.7

301.5

334 9

233 0219.4182 5

9 627.313 6

49.528.211 59.8

40.943 722.121 6

-2.811 5

403 4

261.734 8

130 596 4

63 132.626.44.1

.1

78 546.440.532 1

317.537.3

280.2

18.6

318.6

220.395.158.429 637 2

7 249.528.818.5

5.7

304.0

321.7

222.996.859.129 837 2

7 249.729.118.6

5.8

306.8

322.8

223.296.859.130 037 3

7 250.129.418.7

5.8

307.6

338 7

237 2223.5186.2

9 527.813 8

49.928.911 39.7

39.842.921.721.3-3.111.7

408.3

263.733 4

132.398 0

64.733.627.53.5

1.2

78 746.140.732.6

322.938.1

284.9

21.2

324.9

225.297.559.930 237 6

7 350.029.618 6

5.8

310.3

324.3

224.095.959.930 437 8

7 350.529.718.6

5.8

309.4

328.1

227.198.360.330 637.9

7.351.029.818.8

5.9

312.8

343 5

240 4226.2188 3

9 528 514 2

50.729 511 69 7

40 441 220 820 4-.8

12 0

413 8

266 833 o

134 099 7

65 133.629.52.0

1.7

80 247 241 933 0

327 038 8

288.2

21 4

329.5

228 599.160 530 838 1

7 350.930.018 7

5.9

314.4

332.5

229.7100.660 230 938 0

7 452.330.218 9

6.0

316.3

333.5

231 0101 160 631 138 2

7 451.730.319 1

6.0

317.9

245.5231.1192. &

9 528.714 4

61.729.912.19.7

-3.312 4

423 8

270.934 8

134. 7101 4

68 532.931.64. 1

2.4

82 048 343 233 7

333 239 9

293 3

22 4

r 334.0r232 9T 102 3

60 9r 31 3r 38 4

7 461.229.2

r 19 3

6.0

' 318. 8

335.2

233 0101 861 431 238 6

7 551.230.619 6

6.7

320.0••Revised.fRevised series. Estimates of national income and product and personal income have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY); for data prior to 1952, see the 1964

NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.cf Includes inventory valuation adjustment. 9 Government sales are not deducted.§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.

S-lDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-2 SUEVEY OF CUEEENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

GENERAL BUSINESS INDICATORS—Continued

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly totals :cfAll industries mil. of dol

Manufacturing doDurable-goods industries doNondurable-goods industries do

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

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

Manufacturing doDurable-goods industries doTNVvndiirabJe-gnfids industries do

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

FARM INCOME AND MARKETINGS J

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

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

Dairy products doMeat animals doPoultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities 1947-49—100Crops doLivestock and products do

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

Crops . doLivestock and products do

INDUSTRIAL PRODUCTION

Federal Reserve Index of Physical Volume

Unadjusted, combined index 1947-49=100

Manufactures doDurable manufactures do

Primary metals 9 doSteel doPrimary nonferrous rnetals do

Metal fabricating (incl. ordnance) doFabricated metal products __doMachinery do

Nonelectrical machinery doElectrical machinery do

Transportation equipment 9 do _ _Autos doTrucks doAircraft and parts do

Instruments and related products doFurniture and fixtures doLumber and products _ doStone, clay, and glass products doMiscellaneous manufactures do

Nondurable manufactures doFood and beverage manufactures do

Food manufactures 9 doMeat products doBakery products do

Beverages doAlcoholic beverages do

Tobacco manufactures doTextile-mill products 9 do

Cotton and synthetic fabrics doWool textiles do

Apparel and allied products doLeather and products doPaper and allied products do

Pulp and paper doPrinting and publishing -doChemicals and allied products do

Industrial chemicals doPetroleum and coal products do _ _

Petroleum refining doRubber products do

2,530

2,4911.2121,279

364630265

10211394

122117126

143

144160151159173

172135167149201

206173113517160122116150141

128102106153958884

10711111983

117109157158127177199143154149

1,972

1,945765

1,180346580234

807187

9772

116

144

146161152159177

172134168152200

205164125521161123121150145

131102104140959794

10511512384

124120162163130179201143151146

7,462

2,9581,4621,496

262297396936

2,613

32.82

13.456 576.88

1.131 251.654 56

10.78

1,837

1,816564

1,252376591267

745292

8946

122

143

145161152160182

171134168154196

202163130513161122119153142

13010410213695

10810510511011585

120112163161135179201142148140

1,883

1,866578

1,288381622258

775495

8844

122

144

146162152159185

174136172154206

201162133516164119126158141

12910610313195

11711110310811289

114106165163137180200135142140

2,038

2,022627

1,395420676268

8358

102

9345

129

141

142157144154181

167130167151198

' 189127117520164117125162140

12710810512197

11910811010510990

10999

160162136176197137144129

8,880

3,7341,8621,872

319325423

1,1992,880

34.49

14.657 387.27

1.281 221.634 61

11 10

2,091

2,077779

1,298411617241

857295

9664

121

141

142156140146179

166132165150195

••188127123531163118129163141

1271141101221001281191151009990

108100163161134173192142149123

2,336

2,2981,0081,290

388632249

949495

112101120

128

1291396224

172

160124157146178

'18612799

536162115116156135

11911411111810012310796868776

9590

144143129166182132148105

2,715

2,6721,2471,425

372785253

110116105

124117129

142

143155118119143

167135167146209

'186109101555167123135164145

13112212311699

118101115

••10210492

116108163160133172188142151127

8,901

3, 8341,9601,874

314277443

1,3082,725

35.87

15.788.207.58

1.261 201.795.08

10 76

3,148

3,1111,7261,385

355746268

128160102

144168126

146

148161145158168

172' 144

176153220

1805998

569171125133157150

134130134129100116106111

••10310187

108104160152139177192145151135

3,927

3,7552,1311.624

363945296

154198119

177208153

151

153168149162181

180145

••181152237

202105103582173127130165154

13712712914210112011811510911394

118104169162145182198140146144

3,306

3,2161,7491,467

342806301

132163108

157176142

147

149166146159180

181138177151227

218164102601174122117161150

13211711914810011010911110510986

108100162159144181199143152128

i'9,838

' 4, 428' 2, 339'2,089

'346'332'450

' 1, 452'2,830

i ' 36. 46

' 15. 81'8.21'7.60

1.28'1.23'1.76'5.27

' 11. 11

2,768

2,7281,4061,322

371615

«321

11213197

128131125

144

146'166'142

158180

'183'139'177'157

216

'225177

'102619175125104156

'145

'125106

'10813899989387

'99'104

78

10195

145142142181

'198'145'158

133

» 2, 574

v 2, 530* 1, 146J> 1, 384

^384*756P220

J>104»107P102

P119*108P126

145

'146'164'147

160

'181'136'175'159'207

'224174105620

'172118

'104150

'136

'12810210513995

10110873

113

157

'136183203

'147159148

*147

*149'166*>148

P183^137P177P162"207

*227

P176P119P112P151P136

M31

J»139

"144

' Revised v Preliminary. c Corrected. 1 Estimates for the 1st and 2d quarters of 1957, based on anticipated capital expenditures of business, appear on p. 10 of this issue of the SURVEY.cfHistorical data (annual totals, 1939 and 1945-55; quarterly, unadj. and seasonally adj. at annual rates, 1947-55) appear on pp. 6 and 7 of the June 1956 SURVEY.9 Includes data not shown separately.{Revised series. Annual estimates beginning 1910 and monthly data for the period January 1 952-D ecember 1955 for cash receipts have been revised to take into account recent information

on production, disposition, and price; revisions are shown on p. 19 of this issue of the SURVEY. Indexes of cash receipts and volume of marketings (annuals, 1910-55; monthly, beginningJanuary 1947) 'have been revised to reflect adoption of the 1947-49=100 base period; for the volume index, also wider coverage and use of new price weights. Unpublished indexes (prior toMay 1955) will be shown later.


March 1957 SUKVEY OF CURRENT BUSINESS S-3


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary


INDUSTRIAL PRODUCTION— Continued

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

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

Seasonally adjusted, combined index do _

Manufactures doDurable manufactures _ do

Primary metals do

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

Nonelectrical machinery t doElectrical machinery J do

Transportation equipment doInstruments and related products do .

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

Nondurable manufactures J do _ _ _Food and beverage manufactures . doTobacco manufactures doTextile-mill products doAppirel and allied products doLeather and products - do

Paper and allied products doPrinting and publishing doChemicals and allied products J ._ doPetroleum and coal products doRubber products do

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

CONSUMER DURABLES OUTPUT

Unadjusted, total output 1947-49= 100. .

Major consumer durables . doAutos doMajor household goods do

Furniture and floor coverings doAppliances and heaters do ..Radio and television sets do

Other consumer durables _ do

Seasonally adjusted, total output t do

Major consumer durables J doAutos doMajor household goods t do

Furniture and floor coverings doAppliances and heaters t doRadio and television sets— do

Other consumer durables - do

BUSINESS SALES AND INVENTORIES §

Manufacturing and trade sales (seas, adj.), totalbil. ofdol

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

Wholesale trade, total doDurable-goods establishments do .._Nondurable-goods establishments . do

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

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

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

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

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

12991

15389

124

143

145160148

170136164146

••199

'200160122128

'156.r 146

'130••112

109'110

113'109

159'132'176

142147

'12987

'149'117'138

144

169173150120148239109

'144

'157' 168

149'122'153'231

113

52.9

27.013.613.4

10.23.56.7

15.75.5

10.2

82.8

46.326.619.7

12.46.46.0

24.111.412.7

12788

15192

126

143

144158

'146

168134

'163147

'194

'199161

r 122'123

155143

130'113

107'110

114rlll

157'132'176'142'143

' 12988

' 148'116

138

143

157164153123156233110

'137

149155146120148218111

52.9

27.213.613.6

10.43.56.9

15.35.4

10.0

83 6

46 927.019.9

12.56.46.0

24 211. 512.7

12786

15193

128

141

'143'157

145

'167132

'163'148'193

'196160

'121'118'154

141

128'112' 105'107

108105

157132

'176144135

' 129'90' 148'117' 138

143

157163155121168218108

'133

144' 145' 144'118' 149'209'108

53.1

27.113.313.8

10.33.56.8

15.75.4

10.3

83.8

47.427.420.0

12.66.56.1

23 811.212.6

13086

151121138

143

144159146

'170'136

169148208

193162

'123122158

' 144

'130'113' 108

106109106

160' 135'179

139'136

' 129'89' 147'129' 141

141

154162150116162

109

132

' 141' 140' 145'117'147'219'111

53.2

27.213 513.7

10.43.66.8

15.55.3

10.2

84 5

48 027.720.2

12.66.56.1

23 911. 112.8

13085

149140142

141

143157141

167130

'169149

'208

'187164

' 123121162

' 143

'129111

' 106103111

'103

160135

'177140

'127

' 128' 85149

' 118' 140

124

131127136112143184108

'125

132118141117137226110

54.4

27.813 814.0

10.73.77.0

15 95.4

10 5

85 1

48 628.120.4

12 76.56.1

23 911.012.9

13184

148144149

141

' 142157

' 136

168132

' 169149

'208

'188163

r 122123161

r 144

128111' 106' 100

112' 101

161' 135'176'140' 120

' 129'85' 149'113

143

124

130127134111143174109

123r 128

120' 138' 114' 134'218

110

54 3

27.713 913.8

10.63.76.9

16 05.5

10.5

85 6

49 128 220.9

12 76.66.1

23 810.813.1

11962

14973

147

136

' 138148' 69

169' 130

172152210

' 189167

' 123'127'161

145

' 128' 112r 106

100112

' 102

162' 136' 176

132' 125

' 123' 75

r 152'60142

116

121127117104125130106

' 127

' 135122

r 148117' 152'227r 111

52 7

26 212 613.5

10 53.66 9

16 05.5

10 5

85 8

49 228 221.1

12 86 66.2

23 810 713.2

13187

150121149

' 143

144158

' 125

172134174155211

' 191171

' 122'130

160' 145

'130114

' 105102112102

' 161' 138' 176

139' 135

r 130' 85' 154' 103' 140

120

122109136116121238115

127

132124141117136231114

54 5

27.613 714.0

10.63.67.0

16 35.5

10.7

86 1

49 528.221.4

12 86.66.2

23 710.513.3

13290

147142151

' 144

' 146'162

148

'174'139' 175'157'210

' 193171

' 122126154146

130114

' 106103113

' 102

159' 137

177143

'132

' 131' 86

r 151' 123

143

113

11159

158122158265118

' 123

127106148118149232113

53 9

27.613 713.9

10 33.56.8

16 05.3

10.7

86 5

50 128 721.4

13 06.76.3

23 410.213.2

13293

147142150

146

' 147' 163

147

'176' 140' 174' 156'211

' 203172122

'120157146

131' 113

106' 105

117' 101

'160' 140' 177

140134

' 13185

' 151132141

128

132105158122142312118

' 123

' 129117142115136237110

55 0

28.314 214.1

10 63.67.0

16 15.5

10 6

87 2

50 829 421.4

13 16 76.3

23 310 113.2

13090

149114144

146

147165146

180' 139'175

154'214

'216172

' 119' 119' 157' 144

129114

' 109*• 103

108' 104

160139' 177'143

126

' 130' 87149

' 128' 142

139

151164

' 141117

r 122270112

' 132

143152136114130218109

55 6

28 714 314.4

10 63.57.0

16 45.7

10 7

88 0

51 329 921.4

13 26 76.4

23 510 413.1

'12983

'155' 94138

147

' 149'167' 145

'183'141

176' 156'216

' 223173120

' 117'158' 144

130' 114

107' 103

110102

157r 140

179'145

139

' 13180

' 154124144

' 141

' 154177

' 137118128217

' 110

' 141

' 154r 16g' 143' 115

144'218

113

55 8

28 7r 14 5r 14.2

10 63 57 1

16 55 8

10 7

88 5

51 4r 29 9r 21.5

13 36 86 5

r 23 9

10 7'13.2

'130'84

'15890

126

146

147164

' 144

180'137' 173' 156'207

221' 172

118'114'157r 140

130112

100109

159' 141

182'146

147

130'80' 154

' 138

r 149174

' 130113

188' 111

' 138

' 148169131114

181' 115

56 5

29 114 614 5

10 93.77 2

16 45.7

10 7

88 7

51 529 821.7

13 26 86.4

24 010 813.2

*131*>86

*158

*146

»147J>164* 143

"180v 137P172Pl57*201

P223»176pl!8»113"156v 135

M30

pl41

J>143

v 132*86

v 155

J> 143

v 155* 178

p 113

*>137

v 147v 167

*> 114

' Revised. v Preliminary.^Scattered revisions for 1955 will be shown later.§Tbe term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted

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


S-4 SUKVEY OF CURRENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

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

Primary metal do. -Fabricated metal doM achinery (including electrical) -doTransportation equipment (including motor

vehicles) mil. of dol .Lumber and furniture doStone, clay, and glass do__ .Other durable-goods industries do

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

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

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

vehicles) mil. of dolLumber and furniture -- - doStone clay and glass doOther durable-goo ds industries do

Nondurable-goods industries total doFood and beverage -- doTobacco doTextile _ - - - - . do _ .Paper doChemical - . - do_. .Petroleum and coal doRubber do.. _Other nondurable-goods industries do

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

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

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

By stages of fabrication:Purchased materials - - __bil. ofdol.-Goods in process doFinished goods - -- - do

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

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

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

Durable-goods industries total doPrimary metal doFabricated metal do.Mlachinery (including electrical) doTransportation equipment (including motor

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

By stages of fabrication:Purchased materials bil. of dol _

Finished goods - do

Nondurable-goods industries, total mil. of dol._Food and beverage doTobacco doTextile - - do. .-

Chemical doPetroleum and coal doRubber doOther nondurable-goods industries do

By stages of fabrication:Purchased materials - bil. of dol- -

Finished goods do•• Revised.

26, 36313, 1122,4281,3433,503

3,1661,050

5601,062

13, 2513,962

3061,078

8831,9772,549

4252,071

27,02313, 5952,3691,3993,691

3,1941,141

6591,142

13, 4284,006

3291,100

8661,9312,475

4152,246

46, 70426, 7263,5762,7188,700

6,7491,871

9852,127

7.211.08.5

19, 9784,5021,9382,4601,0803,3002,699

9633,036

8.43.08.6

46,29926, 5903.5192,7188,678

6,7111,871

9662,127

7.110.98.5

19, 7094,3721,8282,4851,0693,2482,754

9353,018

8.22.98.6

26, 53613 3012,3931,3423,652

3,1691,101

6021,042

13, 2353,977

3041,090

8771,8872,440

4232,237

27, 22413, 5932,4571,4133,647

3,1371,147

6841,108

13, 6314,180

3381,124

9041,9402,515

4452,185

47, 22727, 1493,5642,8038,960

6,8601,7831,0152,164

7.311.28.7

20, 0784,4341,9242,4771,1153,3772,737

9993,015

8.43.08.7

46, 89727, 0093,5702,8038,939

6,8161,783

9762,122

7.311.18.6

19, 8884,3611,8322,4771,0833,3392,793

9703,033

8.23.08.7

28,50514,2902,6071,4273,949

3,3131,190

6961,108

14, 2154,229

3131,168

9382,0592,618

4602,430

27, 09513,2942,4441,3853,630

3,0211,102

6761,036

13, 8014,284

3231,123

8931,9392,567

4512,221

47, 67427, 5923,5242,9359,222

6,8751,7921,0402,204

7.411.48.8

20, 0824,3231,9262,5061,1393,4062,7291,0183,035

8.43.08.7

47, 43327, 4323,6772,8779,094

6,8001,7921,0102,182

7.511.28.7

20,0014,3911,8702,4571,1173,3612,785

9793,041

8.22.98.9

27, 37013, 9442,4931,4343,876

3.2571,138

6981,048

13, 4264,040

3201,056

9022,0522,424

4582,174

27, 23113, 5192,4421,4343,740

3,0011,105

7051,092

13, 7124,245

3481,123

8841,9702,499

4452,198

48, 17027, 9553,5362,9629,458

6,8771,8301,0532,239

7.411.59.0

20, 2154,3031,8842,5421,1453,4342,7891,0193,099

8.33.08.9

47J95827, 7233,6882,9339,292

6,7811,8121,0222,195

7.711.48.7

20,2354,4481,8652,4921,1343,4072,817

9703,102

8.23.09.0

27, 83014, 0692,5021,4413,957

3,1811,185

7381,065

13, 7614,322

3671,046

9122,1072, 501

4592,047

27, 81413, 7542,4721,4863,935

2,9721,129

7161,044

14, 0604,312

3461,125

9312,0972,633

4642,152

48, 83428,4463,6583,0379,655

6,8891,8681,0572,282

7.611.79.2

20, 3884,2381,8292,6021,1443,4772,8561,0243,218

8.23.19.1

48, 56628,1233,7702,9209,523

6,8301,8501,0362,194

7.811.68.7

20,4434,4671,8662,5261,1443,4792,828

9853,148

8.33.09.1

27, 72714, 2352.5711,4844,057

3,1191,167

7351,102

13, 4924,299

3371,056

8891,9912,501

4731,946

27, 65113, 8502,5331,4843,923

2,9711,155

6931,091

13, 8014,295

3241,089

8892,0282,552

4502,174

49, 28428,5213,6383,0529,771

6,7951,8701,0722,323

7.911.69.0

20, 7634,3371,7852,6181,1813,5452,9241,0043,369

8.23.19.4

49, 08028, 1743,7182,9079,563

6,7551,8701,0612,300

8.011.58.6

20,9064,5871,8792,6181,1813, 5122,953

9753,201

8.43.19.3

24, 12211, 3041,0631,2713,487

2,8381,014

661970

12, 8184,077

355920794

1,8472,424

4411,960

26, 15812, 6271,2241,3824,032

3,0581,152

6891,090

13, 5314,161

3381,082

8541,9792,448

4592,210

49, 18028, 2203,7042,9439,652

6,6901,8771,0672,287

8.011.58.7

20, 9604,4921,7492,6121,2133,5573,041

9573,339

8.33.19.5

49, 23828,1793,6982,8859,654

6,7301,8581,0672,287

7.911.68.6

21, 0594,6341,8612,5861,2253,5403,041

9873,185

8.53.19.5

27, 86113, 4281,9271,5473,845

2, 8751,261

8021,171

14, 4334, 353

3761,176

9072,0742,572

4492,526

27, 63213, 6651,9821,4464,022

3,1651,212

7231,115

13, 9674,251

3451,109

8982,0942,572

4362,262

49, 13028, 0063,8352,8649,580

6,6001,8411,0282,258

7.811.58.6

21, 1244,6941,7632,6061,2173,5463,096

9473,255

8.33.19.7

49, 53528, 1783,8092,8939,684

6,6391,8231,0492,281

7.811.68.7

21, 3574,6981,8762,6321,2553,6183,0651,0073,206

8.63.19.6

27, 71313 3512,3211,5133,997

2,4811,210

7281, 101

14, 3624,536

3291,212

8722,0792,470

4252,439

27, 62413, 6922,3921,4273,945

3,0351,186

6681,039

13 9324,378

3231,122

8632,0312 520

4292,266

49 66228, 4233,9752,8719 677

6 8981,786

9882 228

7.911.98.6

21, 2394,8211,8012,5731,2153,5713,164

9573,137

8 43.19.8

50, 10628, 7083,8922,9609,814

6,9461,8041,0192,273

7.911.98.9

21, 3984,7131,8382,5991,2273,7143,1331,0073,167

8.53.19.8

30, 23714, 9532,6031,6664,292

3,0491,198

8601,285

15, 2844,683

3661,345

9832,1932,591

4902,653

28, 32914, 1992,5291,4614,115

3,1811,079

7171,117

14, 1304,311

3421,140

9362,0812,565

4542,301

50, 41829, 0984,1332,8869,802

7,3311,784

9782,184

8.112.28.8

21, 3204,8921,8302,5591,2073,6363,196

9613,039

8.53.19.7

50, 83029,4084,0373,0069,979

7,3081,8201,0292,229

8.012.29.2

21, 4224,6961,8122,6111,2323,7403,1331,0223,176

8.53.19.8

' 28, 75514 4692,4731,5104,039

3,6471,029

7201,051

' 14, 2864,376

3531,184

9101,9952,655

4262,387

r 28, 71614, 3212,4751, 5414,162

3,3871,039

7061,011

r 14, 3954,342

3501,184

9102,0952,682

4632,369

r 50, 98129, 4974,2492,9179,961

7,4151,7751,0052,175

8.312.38.9

r 21, 4844,9571,8652,5791,2203,6863,151

9733,053

8.73.19.8

' 51, 35729, 9254,1283,039

10, 159

7,5111,8111,0582,219

8.112.59.3

' 21, 4324,7151,8472,6321,2323 7033,0891,0243,190

8.53.19.8

' 27, 825' 14, 188' 2, 353' 1, 311' 4, 232

' 3, 869••889'593'941

' 13, 637' 4, 256

••345' 1,068

••822'1,907r 2, 801

'2,002

'28,684' 14, 507' 2, 348' 1, 457' 4, 125

' 3, 862'999'682

' 1, 034

' 14 177' 4, 355

'363' 1, 148

'874' 2, 086' 2, 593

' 2, 304

' 51 596' 29, 819' 4, 354' 2, 941

' 10 002

' 7, 455'1,800' 1, 047' 2 220

8.412.3'9.1

' 21. 777' 4, 899' 1, 927' 2, 625' 1, 258' 3, 783' 3, 154

'3,099

8 9'3.1

9.8

' 51, 397' 29, 935' 4, 226' 3, 064

' 10, 100

'7,427' 1, 782'1,047'2,289

'8.212.5'9.3

' 21, 462' 4, 676' 1, 853' 2, 679'1,246'3,689' 3, 123

' 3, 174

8.63.19.7

28,79314, 3952,5441,4824,061

3,782978632916

14, 3984,447

3371,117

9252,1262,912

2,071

29,11314,6072,4481,4974,237

3,7511,020

710944

14, 5064,573

3551,095

9072,0712,827

2,224

51,90929,9584,3472,979

10, 128

7,4161,7821,0842 222

8.212.49.3

21, 9514,8792,0812,6261,2713,8303,028

3,194

8 93.19.9

51, 48829,8194,2813,009

10,106

7,3561,7821,0632,222

8.212.39.3

21, 6694,7061,9632,6531,2713,7583,122

3,174

8.73.19.9


March 1957 SURVEY OF CURRENT BUSINESS S-5


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS— Continued

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

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

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

Nondurable-goods industries, total .. doIndustries with unfilled orders 9 doIndustries without unfilled ord erst do _ -

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

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

hicles) mil of dol__Other durable-goods industries .. do .

Nondurable-goods industries, total d o _ _ _Industries with unfilled orders 9 do _ _Industries without unfilled orders^ d o _ _ _

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

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

hicles) mil. of dolOther industries including ordnance do

Nondurable-goods industries total 9 do

BUSINESS INCORPORATIONS c?1

New incorporations (48 States) number -

INDUSTRIAL AND COMMERCIAL FAILURES cf

Failures total number. -

Commercial service doConstruction do _Manufacturing and mining doRetail trade doWholesale trade do. __

Liabilities (current) total thous. of dol

Commercial service doConstruction doManufacturing and mining do _Retail trade doWholesale trade do

27, 46814, 3072,4821,3283,866

3,7302,901

13, 1612,944

10, 217

28, 07414, 6832,3871,3983,806

4,1912,901

13, 3913,066

10, 325

56, 59653, 3147,0924,074

16, 567

21, 2464,335

3,282

13, 363

1,048

72126209535106

42, 890

2,9746,163

14, 44214, 9364,375

27, 07613, 9312,6821,4443,908

3,0112,886

13, 1453,011

10, 134

27, 62714, 1072,7371,5203,953

3,0112,886

13, 5203,041

10, 479

57, 13653, 9447,3814,176

16, 823

21, 0884,476

3,192

12, 503

1,024

62141202511108

49, 189

1,9209,881

17, 64714, 6935,048

28, 59314, 5572,6131,5384, 162

3,1733,071

14, 0363,134

10, 902

26. 91213, 3372,3331,3733,877

2,8842,870

13, 5752,929

10, 646

57, 22454, 2117,3874,287

17, 036

20, 9484, 553

3,013

12, 822

1,170

102150224572122

42, 622

2,0157,089

15, 64912, 4305,439

27, 55614, 2572, 1461,6094,335

3,1882,979

13, 2992,970

10, 329

27, 75214, 0732,1461,5774,122

3,1883,040

13, 6793,094

10, 585

57, 41054, 5247,0404,462

17, 495

20, 8794 648

2,886

12, 475

985

9115318646392

41, 871

2,9006,967

17, 14210, 7724,090

27, 94514, 2232,4881,4924,187

3,0523,004

13, 7223, 035

10, 687

28, 80314, 7322,3921,5384,460

3,2133,129

14, 0713,229

10, 842

57, 52554, 6787,0264,513

17, 725

20, 7504 664

2,847

13, 142

1,164

94132245575118

59, 901

3,6198,877

28, 45013, 2425,713

28, 79615, 2362 1801,4014 613

3,8423,200

13, 5603,106

10, 454

27, 88314, 1852,3191,3344,311

3,2023,019

13, 6983,045

10, 653

58, 59455, 6796,6354,430

18, 281

21, 4734 860

2,915

11,952

1,105

93163183551115

43, 013

3,5888,598

10, 68412, 8127,331

25, 93613, 1432,0141,3664,007

3,0012,755

12, 7932,734

10, 059

26, 99813, 5132,1661,3664,140

3,0012,840

13, 4853, 072

10, 413

60, 40857, 5187,5864,525

18, 801

21, 6364,970

2,890

11, 513

1,018

8714116554085

48, 689

7,4427,4889,005

11, 94512, 809

29, 24014, 9732 3221,4814 045

4,0503,075

14, 2673,069

11, 198

29, 09915, 1662,3221,3464,195

4,4022,901

13, 9333, 100

10, 833

61, 78759, 0637,9814,459

19, 001

22,8114,811

2,724

11, 339

1,101

9514619556798

55, 040

4,1277,507

17, 82814, 77210, 806

28, 13413, 8182 0391,6394 080

3,1562,904

14, 3163,291

11, 025

28 07214, 2662,1921,5764,200

3,3942,904

13, 8063,047

10, 759

62 22759, 5497,6994,585

19, 084

23, 4864 695

2,678

9,583

932

7214614048985

39, 313

2,0587,8409, 539

15, 6564,220

29, 68314 2472 4011,5834 393

2 7743,096

15, 4363 758

11, 678

28 90614 5912 4751 5834 445

3,0823,006

14, 3153 416

10 899

81 65458 8247,4974 502

19 185

23 2114 429

2 830

11, 546

1,158

82182198584112

50 004

3 62911, 14517 34512, 3685 517

' 29, 09114 7412 6151 3864 072

4 0152,653

' 14, 3503 305

r 11, 045

r 29 43815, 1302 6721 5404 436

3,7182,764

' 14, 3083 148

r 11, 160

61 99059 0967,6394 378

19 218

23 5794 282

2 894

9 749

999

8617116648294

39 886

1 85411 09911 71411, 4763 743

' 28, 241' 14, 534

r 2, 447r 1,413r 4 184r 4, 336r 2, 154

«• 13, 707r3, Oil' 10, 696r 28, 837' 14, 544

2,4231,5704 054

4,1302,367

' 14, 293r 3, 238' 11,055r 62 406r 59, 442

r 7, 733r 4, 480

r 19, 170r 24, 046

r 4 013r 2, 964

10, 788

982

83183172472

72

50 279

3 7808,149

21 78510, 9465 619

28, 68514, 4442 3981,4314 173

3 8202,622

14, 2412 995

11, 246

28 88114 3892 3061,5394 203

3,8202,521

14, 4923,120

11,372

62 29859 4917,5874,429

19 282

24 0844 109

2 807

14 632

1,148

7117719761291

54 060

4 08610, 67216 10517, 8625 335

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

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

C rops doCommercial vegetables, fresh market doCotton _ _ doFeed grains and hay doFood grains ._ do.__

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

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

Prices paid:All commodities and services do

Family living items doProduction items do

All commodities and services, interest, taxes, andwage rates 191 0-14 =100__

Parity ratio® — --do

226

231248259171220

225236161452

221261207205220

260272246

281

80

227

233264262173220

212239175452

220257215188226

259272245

280

81

228

236258267174223

211245196453

221250221187224

261274246

282

81

235

245260275185229

218253234453

227246237180226

261274248

284

83

242

252272270192226

233265283454

233247251178231

264278250

286

85

247

263310273192218

266259338453

232247252171231

264280248

286

86

244

258286274194216

225250387453

232253246174233

266282248

287

85

237

236230263197218

210249203451

238256259171232

267281250

288

82

236

234178275196222

233234161455

238264254172231

266279252

287

82

234

232203270178225

232249141453

236272245167238

265279250

287

82

234

239264270182232

218262154443

230277231164249

267281252

289

81

237

240277262185234

216264158461

234275239165256

268283252

290

S2

238

239249256187236

227266162457

237269254155262

269283255

292

89

234

233225255181235

221260153458

234266249157267

271284256

294

80T Revised.9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.cTData are from Dun and Bradstreet, Inc.JData beginning January 1953 have been revised to incorporate the latest revisions in the price series for individual commodities; unpublished revisions (prior to April 1955) will be shown

later.§Includes sweetpotatoes and dry edible beans.©Ratio of prices received to prices paid (including interest, taxes, and wage rates).

418765—57 4


S-6 SURVEY OF CURRENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

COMMODITY PRICES— Continued

RETAIL PRICES

All commodities (U. S. Department of Commerceindex) 1935-39-100

Consumer price index (IT. S. Department of Labor) :All items 1947-49=100

\pparcl doFood 9 do

Dairy products doFruits and vegetables doMeats poultry and fish do

Housing 9 doGas and electricity doHousefurnishings doRent do

Medical care doPersonal care - - doReading and recreation doTransportation do

Private - doPublic do

Other goods and services do

WHOLESALE PRICES <=?( 17. S. Department of Labor indexes}

All commodities 1947-49=100..Economic sector: *

Crude materials for further processing doIntermediate materials, supplies, and components

1947-49= 100 ..Finished goods © do

Farm products 9 .. _ . do. _ .Fruits and vegetables, fresh and dried doGrains .. do .. .Livestock and live poultry do

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

Commodities other than farm products and foods1947-49=100--

Chemicals and allied products 9 _. . . do. _.Chemicals, industrial doDrugs and Pharmaceuticals § doFats and oils, inedible doFertilizer materials doPrepared paint do

Fuel, power, and lighting materials 9 doCoal _.doElectricitv doGas " doPetroleum and products do

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

Hides, skins, and leather products 9 doFootwear doHides and skins doLeather ___ _ do

Lumber and wood products - doLumber do

Machinery and motive products 9 doAgricultural machinery and equip do.Construction machinery and equip. do —Flectrical machinerv and equipment _ _ _ d o _ .Motor vehicles __ _ do

Metals and metal products 9 doHeating equipment doIron and steel . _ _ _.doNonferrous metals do

Nonmetallic minerals, structural 9 - doClay products - 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 doCotton products doSilk products _.. doMan-made fiber textile products do"Wool products do

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

Miscellaneous doToys, sporting goods. do

207.6

114.6104.1109.2107.3112.693.3

120.6111.7102.0131.4130.7118.5107. 3126.8117.0170.3120.8

111.9

91.5

120.0111.884.1

105. 081.563.098.3

115.1106.1108.175.7

120.4

106. 3120.092.655.6

113.1117.0

111.0109.994.3

121.1117.2118.0105.6117.489.769.796.7

115.756.689.5

126.3127.6133.3126.8143.2132.4126.7145.1117.3149.4156.6127.0145.3121.1127.1124.8134.6148.4151.895.799.593.8

120.584.2

102.6121.7114.7124.0

89.6115.8

207.7

114.6104.6108.8107.3113.393.6

120.7111. 7102.5131.5130.9118.9107.5126.9117.0170.5120.9

112.4

93.3

120.3112.086.098.282.967.799.0

115.4106.1108.976.1

120.6106.4119.992.054.4

113.0119.1111.2109.994.3

122.0117.5118.2105.7117.389.769.997.1

115.858.289.9

126.7128.2

133.9126.8143.5133.2127. 5145.1117.1149.1157. 1127.1145.6121.1127.1125.4135.0147.1151.896.099.594.3

119.584.8

102.7121.7114.7124.088.7

115.8

208.2

114.7

104.8109.0106.9114.892.8

120.7111.7103.1131.6131.4119.2107.7126.7116.8170.8121.2

112.8

93.4

121. 0112.386.6

106.584.567.599.2

115.4106.1108.674.6

121.0106.5120.091.955.0

112.8119.1110.9110.194.3

122.7116.8118.1105.3117.589.769.997.7

116.558.390.9

128.0129.9134.7126.1143.5133.6129.0146.5117.1149.4162.0127.9145.9121.1127.1

126.8136.2146.2151.895.999.794.1

119.584.5

102.1

121.7114.7124.088.2

115.7

208.8

114.9104.8109.6106.4116.794.0

120.8111.8102.7131.7131. 6119.5108.2126.4116. 5170. 8121.4

113.6

95.4

121.7112.788.0

101.889.570.8

100.4115. 6105.9109.079.3

121. 6106.9120.991.958.1

112.4119.1110.6111.793.2

117.5117.5118.0105.2117.889.769.5

100.6119.961.994.6

128.5130.6135. 7126. 1144.8135.6129.1147.7117.3151.0163.2

128.6146.0121.7127.1127.4136.2

145.0151.895.199.593.7

121.080.6

102.5121.7114.7124.092.1

115.8

209.8

115.4104.8111.0107.5121. 595.5

120.9111.8102.6132.2131.9119.6108.2127.1117.1172.5

121.5

114.4

96.6

122.2113.690.9

111.890.574.4

102.4115. 5107.9109.382.1

121.7106.9120.892.160.3

109.1119.1110.8111.993.2

115.4118.3118.0105.0118.089.669.3

100.0120.059.092.9

128.0130.4136.5126.5146.6137.0129.1146.8117.3150. 8160.0

128.6146.1121.7127. 1127.3136.2

143.5151.8

94.999.493.1

125.080.3

102.9121.6114. 6124.096.1

115.8

211.9

116.2

104.8113.2107.7131.498.0

121.4111.7102.8132. 5

132.0119.9107.6126.8116.7172.6

121.8

114.2

95.7

121.7114.091.2

120.286.974.8

102.3115.3108.0109.783.1

121.5107.1121.192.155.1

108.7119.1110.5112.393.8

111.3118.3118.1105.1118.189.769.1

100.2120.561.291.7

127. 3129.6136.8126.6146.8137.6129.1145. 8117.4149.5158.0

128.9146. 5121.9127.1127.4137.0142.8151.8

94.999.792.7

124.780.2

102.9121.6114.6124.0

92.9115.8

213.6

117.0105.3114.8108.7135.299.3

121.8111.7102.8133.2132.7120.1107.7127.7117.6172.7122.2

114.0

95.0

121.3114.090.0

111.888.472.9

102.2114.8107.9109.383.7

121.4107.3122.192.253.7

105.7119.1

110.7112.993.8

109.7118.8118.3104.4119.290.769.3

100.1120. 560.491.6

126. 6128.5136.9126.8147.8137.4129.1144.9117.9149.9152.5

130.6149.3123.0127.1

127.7138.2143.3149.394.999.892.3

122.080.4

103.1

121.7114.6124.091.3

115.7

212.5

116.8105.5113.1109.2120.799.9

122.2112.1102.6133.2133.3120.3107.9128.5118.6172.9122.1

114.7

96.4

122.6114.189.194.888.876.0

102.6114.5108.9107.385.1

122. 5107.3122.192.253.8

106.0119.1

110.9113.894.9

109.4118.3119.1105.0119.591.069.6

100.0120.560.490.9

125.2127.1137.7126.9149.4138.0129.1150.2119.1159.4155.4130.8150.1123.4127.1127.9138.2

146.9153.4

94.899.791.9

121.080.3

103.4

122.5116.2124.091.1

116.3

213.1

117.1106.5113.1109.8114.8101.3122.5112.2103. 3133.4

134.0120.5108.4

128.6118.7173.0122.7

115.5

96.7

123.0115.390.195.390.775.7

104.0114. 6109.7106.889.3

123.1107.1121.991.955.4

104.5119.1111.1114.494.9

110.3118.4

119.7105.5120.491.070.1

100.2120.563.390.8

123.6125.2

139.7127.4151.5142.0129.4151.9121.0161.5154.8131.1150.1124.8127.1127.9138.9145.7153.4

94.899.791.5

120.180.4

103. 9122.8116.9124.089.9

116.6

213.4

117.7106.8113.1110.7113.9100.8122.8112.0103. 6133. 4134.1120.8108.5132. 6122.9173.0123.0

115.6

95.0

123.6115.688.497.684.073.0

103.6115.3110.9106.485.7

123.6107.7122.691.955.8

104.1122.4

111.7121.094.9

111.1118.3121.0106. 5120.891.169.999.7

120.757.890.8

122.0123.6141.1129.5154.7143.2130.8152.2121.9161.1154.1131.5150.1125.0127.1

128.1139.1145.8153. 4

95.399.792.7

123.680.9

104.8123.1117.2124.089.2

116.7

213.8

117.8107.0112.9111.1115.898.8

123.0111.8103.8133.8134. 5121.4109.0133.2123. 5173.4123.2

115.9

94.9

123.8116.287.9

104.387.968.6

103.6115.8113.6106.482.7

124. 2108.2122. 592.357.8

105. 7123.6111.2122.094.3

111.1117.5121.1106. 5121.291.169.999.8

120.859.090.6

121.5123.1143.4130.8155.5145.2134.2152.1122.0162.5149.7131.2150. 3125. 3127.1127.8139.2

146.9153. 495.499.792.8

122.780.3

106. 1123.5118.1124.091.2

116.8

213.9

118.0107.0112.9111.3117.498.0

123.5112.0104.1134.2134.7121.8109.3133.1123.3174.1

123.3

116.3

'96.6

124.2116.288.9

102.688.871.7

103.1115.4112. 6105.681.5

124.7108.3122.592.559.4

105.7124.1114.0123.594.3

119.9120.9121.2105.9121.291.069.799.2

120.853.890.9

121.0122.5

143.6131.2155.9145.4134.3152. 3122.1163.3149.6131.3150.5125.3127.1128.0139.2147.9153.495.699.792.7

122.880.5

107.7123.6118.1124.091.7

116.9

214.1

i 118. 2106.4112.8111.2116.999.0

123. 8112.3104.0134.2

135.3122.1109.9133.6123.8174.9

123.8

116.9

••97.4

' 124. 8116.789.3

100.789.573 9

104.3115.8112.5105.684.8

125.2108.7123.592.658.7

105.9124.1

'116.3' 124. 1'94.9119.9

' 124. 9' 121. 9

106.5' 122. 0

91.169.998.4

120.852.188.2

' 121. 3122.6143.9

' 131. 8156.2146.0134.3

' 152. 2122.3164.3

' 148. 7

' 132. 0'150.6

125.6127.1128.6

' 139. 2' 145. 0' 148. 8

95.899.792.3

122.8'82.1

' 109. 1

124.0119.0124.093.2

117.5

117.0

96.6

125.0116.988.896.187.075.0

104. 0115.9112.5105. 983.9

125.5108.8123.292.958.0

105.9124.1119.6124.094.9

119.9131.0

122.0106.8122.091.169.998.0

120.850.187.8

120.7121.8144.4131.7156.3147.1134.4151.2122.9163.7144.8132. 6150.7125. 6127.1128.5139.2143.8148.895.799.691.9

123.282.0

109.5124.1119.0124.092.4

117. 5

' Revised. * Index based on 1935-39=100 is 197.6.9 Includes data not shown separately. cf For actual wholesale prices of individual commodities, see respective commodities. *New series. Data prior to February 1955 will be shown

later. ©Goods to users, including raw foods and fuels. § Effective with the January 1955 index, cosmetics and related products were transferred from drugs, etc., to the "other chemicals"subgroup.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

COMMODITY PRICES—Continued

PURCHASING POWER OF THE DOLLAR

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

89.487.391.6

89.087.391.9

88.787.291.7

88.087.091.2

87.486.790.1

87.686.188.3

87.785.587.1

87.285 688.4

86.685.488.4

88.585 088.4

86.384 988.6

86.084 788.6

85.51 84 61 88.7

*85. 5

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY f

New construction (unadjusted), total mil. of dol__Private, total do

Residential (nonfarm)- do .New dwelling units doAdditions and alterations .._ - do

Nonresidential building, except farm and publicutility, total - mil. of do)

Industrial doCommercial .. _ do

Farm construction doPublic utility do

Public, total doNonresidential building do __Military facilities doHighway . do .Other types do

New construction (seasonally adjusted), total doPrivate, total _ - _ . _ d o

Residential (nonfarm)- _ _ _ _ do ._.Nonresidential building, except farm and public

utility mil. of dolFarm construction doPublic utility do

Public, total doNonresidential building do _ _ .Highwav do

CONTRACT AWARDS

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

Total projects numberTotal valuation. _ mil. ofdoL

Public ownership doPrivate ownership do

Nonresidential buildings:Projects numberFloor area thous of sq ftValuation mil. of dol

Residential buildings:Projects numberFloor area thous. of sq. ftValuation _ mil. of dol _.

Public works:Projects _ - numberValuation mil. of dol

Utilities:Projects _ . _ numberValuation mil. of dol__

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

Residential, unadjusted doTotal, seasonally adjusted _ do _.

Residential, seasonally adjusted. do

Engineering construction:Contract awards (EN R)§ mil of dol

Highway concrete pavement contract awards :d"Total, _ . ___ thous. of sq. yd

Airports. _ doRoads doStreets and alleys do

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

New permanent nonfarm dwelling units started:Unadjusted:

Total, privately and publicly o wned_— thousands ._Privately owned, total d o _

In metropolitan areas . doPublicly owned do

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

Building construction authorized, all permit-issuingplaces:

New dwelling units, total thousands. .Privately financed, total do

Units in 1 family structures- do. __Units in 2 family structures doUnits in multifamilv structures do

Publicly financed, total do

2,9472,1761,080

98070

65022325197

34177129387

215176

3,6252,5051,287

662130416

1,120334470

51, 9491,858

6751,183

4,14447, 895

661

46, 31468, 147

694

1,105356

386147

247242300290

1,593

6,9201,2923,2872,341

75.073.753.61.3

1, 195. 0

62.861.854.62.15.11.0

2,8212,088

99889573

64822525210133473328482

200167

3, 6362,5221,280

687129418

1,114338447

58, 0561,860

5981,262

4,50544 569

630

51, 94277, 139

799

1,218337

39193

267285306318

1 781

8,2591,7264,3192,214

78.377.056.91.3

1, 127. 0

71.170.261.72.56.0.9

3,0712,2601,1161,000

86

65522625710937381130189

225196

3,5702,5281,268

705128419

1,042320395

79, 1962,382

6381,744

5,96762 191

881

70, 833108 060

1,105

1,902311

49484

291334287317

2 379

8,362798

4,5473,017

98.693.969.64 7

1,094.0

94.692 381.23.27.82.4

3,4212,4241,2321,090

109

665239252121398997314104355224

3,6832,5821,297

731127419

1,101314436

81, 2312,421

7451,677

6,16061 467

822

72, 290112 465

1,144

2,271367

51089

319370277315

1 869

7,578337

3,7643,477

111.3109.975.31 4

1 157.0

98.197.186.52.97.81.0

3,7802,6001,3191,150

132

705252266139427

1,180335115485245

3,7442,6081,306

745126423

1, 136325450

78, 8012,480

7141,766

6,73760 057

819

68, 847108 172

1,129

2,667365

550166

310340257286

2 120

8,5131,0843 8733,557

113.7110.876.32 9

1, 146. 0

96.194.784.53.17. 11.4

4,1052,7861,4171,235

142

760263290150448

1,319359134565261

3,7542,6051, 300

749125423

1,149340440

62 2492,198

7321,466

6 19453 739

794

52 93681 020

826

2,532418

587159

298297256269

1 622

7 876720

4 3462,810

107.4104 672 82 g

1 091 0

88 385 876 62.76 42.5

4,2422,8621,4421 260

139

787270300159462

1,380379135590276

3,7272,6181,299

759125425

1,109338411

56 7132,149

7361,412

6 18656 594

847

47 20372 665

758

2,739374

585169

281269255265

1 835

4 795408

1 8932,494

101.199 068 12 1

1 070 0

81 380 571 92 56 1.8

4,3042 8821,4401,260

139

788276293161481

1 422392142605283

3,7252 6171,297

758124427

1, 108347399

61 2712,069

6201,449

6 06155 234

747

52 04480 278

874

2,660301

506147

273262260264

1 828

8 3981 4863 2193,693

103.9103 270 5

7

1 136 0

86 085 475 12 57 8.6

4,2642,8431,4151,240

135

788276288148480

1,421OQO

144615280

3,7012,5961,286

750123425

1,105348390

53, 7572,025

6711, 354

5 64652 450

776

45 35173 003

764

2,293355

467130

254251251250

1 480

5 267695

1 9112 661

93.990 760 83 2

1 008 0

70 468 659 82 26 61.8

4,1332,7661, 3651,195

129

793274287122474

1,367373140575279

3,6652 5511,241

752122423

1 114350390

48 6691 706

5891,117

5 39548 575

675

41 07163 222

656

1 803302

40072

237224248230

1 878

7 302953

3 5242 825

93.691 263 42 4

1 052 0

r 79 3r 76 8"67 0

2 67 32.5

3,8002,6661,3131,145

126

794271288103445

1,134338118420258

3,6992 5511,239

755121424

1,148357417

42 8651,689

5821,107

5 05848 879

'730

35 81558 244

625

1,568260

42475

217190242197

1 736

5 1591 2122 2111 737

"77.4" 77 0r 54 g

4

"1 027 0

61 260 652 22 46 1.6

3,3702 4721,2021 060

102

76827027290

402898311108250229

3,7292 5421,239

748120423

1 187350455

30 3781 576

737839

4 32644 813

623

24 38941 419

451

1 260416

40386

221185273216

1 590

2 6 501405

2 3 9552 2 141

64.063 644 9

4

1 030 0

48 147 539 11 76 7.6

" 3, 051" 2, 188" 1,017

'900"79

71926824491

350"863"331"93220

" 119

" 3, 740" 2, 500" 1,211

728121427

1,240376489

1 664

7,1631 4993 9901,674

65.062 244 22 8

1 010 0

2,8832,083

934820

77

69626423496

34680030486

205205

3,7082,4971,197

731123433

"1,211"362

466

1 436

65.062 545 02 5

910 0

" Revised. *> Preliminary.1 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.7 (February); consumer prices, 50.6 (January); retail food, 43.9 (January).» Data include some contracts awarded in prior months but not reported.fRevisions for January 1954-March 1955 will be shown later,§Data for March, May, August, and November 1956, and January 1957 are for 5 weeks; other months, 4 weeks.cfData for February, May, August, and October 1956 and January 1957 are for 5 weeks; other months. 4 weeks.{Revised back to 1946 to incorporate new seasonal factors; revisions for 1946-56 are shown on p. 20 of this issue of the SURVEY. Fos seasonal factors used, see the June 1956 issue of

Construction Review.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES

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

Average, 30 cities 1913=100.-Atlanta doNew York doSan Francisco do._St Louis do

Associated General Contractors (all types) doE. H. Boeckh and Associates :§

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

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

Commercial and factory buildings:Brick and concrete - do_-Brick and steel do__.Brick and wood - doFrame - do_ _Steel - do

Residences:Brick do _Frame --- do. _ _

Engineering News-Record :cfBuilding 1947-49=100--Construction - - do

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

CONSTRUCTION MATERIALS

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

REAL ESTATE

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount thous. of dol._Vet Adm • Face amount do

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

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

By purpose of loan:Homo construction doHome purchase doAll other purposes do

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

Nonfarm foreclosures number--Fire losses thous. of dol

127.1

622667644582629452

271.2267.1268.4

279.4276.3267.2268.1261.3

269.1262.7

142.9150.2

136.4121.0

280, 660569, 925

1,246

712

251316145

2,0592,288

96, 972

127.8

623667648586630452

271.6267.7270.5

279.4277.1269.0270. 5261.8

271.2265.2

142.9150.2

143.4119.5

240, 723535, 526

1,181

778

284333161

2,0502,238

84, 041

128.7405

625676652588632452

272.4268.7271.6

280.4278.4269.9271.4263. 3

272.1266.2

143.6150.8

132.4

155.7129.0

231, 856467, 908

1,138

908

331386191

2, 2712,615

89, 315

129.4

628676654589633452

274.1270.3273.4

282.3280.0271.5273.6264.6

273.8268.2

144.1152.0

152.2129.3

202, 141492, 888

1,127

932

359388185

2,2692,472

84, 624

130.2

631676655596633456

276.8272.5275.4

285.3282.2273.8275.4266.2

276.1269.9

144.5152.8

164.2138.6

209, 338468, 766

1,123

986

356434196

2,4342, 559

87, 681

130.8421

634679660596635461

278.0273.7276.1

283.5274.6275.9267.5

276.8270.4

144.7153.4

135.4

164.0130.0

207, 111421,178

1,173

976

349449178

2,4172,75574, 770

131.6

638692667596635467

279.6275.3276.7

287.8286.7275.2276.0272.8

277.2270.6

145.3153.7

52.1119.8

208, 192464, 937

1,108

949

341439169

2,3742,54868,752

132.4

641695681597637467

280.2275.9277.2

288.2287.3275.9276.2273.2

277.8271.0

147.9155.6

140.2143.1

237, 440504, 725

1,116

1,037

358483197

2, 5442,61874, 930

132.5441

642696681597637470

280.8276.7277.0

288.9288.6275.9275.4274.9

277.4270.5

147.7155.4

140.5

138.2123.6

203, 661507, 610

1,142

850

292397161

2,1852,80270, 118

132 5

642696681596636470

281.0276.9277 0

289 2288.8276 0275.3275 1

277.4270.3

148.0155.4

159.2138.4

229, 797500, 930

1,148

922

323422176

2,425

81, 121

132 6

644696681595635470

281.4277.3277 3

289.6289.1276.3275.5276.1

277.6270.6

147.9155.4

145.5120.5

213, 072462, 307

1, 153

784

277360147

2,108

80, 481

132 8

647699687594638470

281.9277 7277 4

290 2289 6276 5275 5276 4

277.8270 6

148.5156.3

140.7

145 1103.2

174, 236471 652

1,228

710

250320140

1,951

96, 485

133 0

649702701594640472

282.7278.3277 9

291 3290.3277 4275.4276 8

278.3270.7

' 148. 6' 156. 7

193, 576555 076

1 038

714

245326143

1,942

115, 272

653705703610643472

148.3156.4

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, seas, adjusted: tCombined inde^ 1947-49=100

Business papers doIVIagazines doNewspapers doOutdoor doRadio (network) doTelevision (network) 1950-52—100

Tide advertising index unadjusted 1947-49—100

Television advertising:Cost of facilities total thous. of dol

Automotive including accessories doDrugs and toiletries doFoods soft drinks confectionery doSoaps cleansers etc doSmoking materials do\11 other do

Magazine advertising:Cost total do

Apparel and acces*K)ries doAutomotive incl accessories doBuilding materials doDrugs and toiletries doFoods soft drinks confectionery doBeer wine liouors do

Household eouipment and supplies doHousehold furnishings doIndustrial materials doSoaps cleansers etc doSmoking materials do411 other do

Linage, total.. thous. of lines..

19317115521315734

313

159.9

38, 8985, 4759, 6538,1814,5693,5577,462

38, 6562,0204,3411,3103,7425,7491,440

oi-ro

1,2983,166

6451,030

13, 042

4,114

20118215822117036

331

184.8

37, 1924,8319,1178,1164,5703,5716,986

54, 2983,4585,0962,8415,3758,0032,233

2,0551,5514,1101,1031,511

16, 960

4,664

19217816119214736

328

209.4

40, 5895,5109,8248,5245,1313,8737,727

69, 1885,6737,0204,3135,5418,6482,998

4,0142,7614,9401,3141,615

20, 352

5,249

19818715520517239

337

218.8

38, 9795,1479,4037,8405,0373,4198,133

75, 4855,6437,9244,5595,7328,5423,286

5,0634,4055,7351,3301,516

21, 750

5,399

19918415720116536

351

228.1

40, 6105,425

10, 0868,1555,1253,0878,732

72, 9615,5106,6854,5606,1117,8473,149

5,4654,0546,6271,3681,655

19, 930

4,648

19218115218315738

357

200.4

38, 2434,642

10, 0947,9584,9913,2147,344

59, 9463,3656,1753,3895,9097,1792,714

4,9192,0425,517

8431,562

16, 331

3,734

20418416120215233

392

158.4

37, 7483,766

10, 8707,7065, 5073,1186,780

42, 386904

4,2261,9354,8686,8932,568

2,7941,0303,665

7751,149

11, 578

3,496

21418216020715542

447

175.6

42, 5974,5949,1056,8494,7012,833

14, 515

42, 0244,6012,7361,7404,2886,0771,971

1,5221,6463,742

6411,178

11, 882

4,278

20019515519416037

379

198.9

«• 39, 006' 3, 42910, 0218,0745,1333,5178,832

63, 7357,9452,4783,9455,9677,2562,611

3,3492,8305,792

9761,275

19, 312

5,265

20119215321114740

356r 235. 2

' 45, 467r 4, 187

r 12, 9718,4895,4213,354

11, 045

76, 0876,8824,0083,8347,008

10, 0393,408

4,4414,6366,1191,3392,092

22, 281

5,552

20117816620015343

357

225.7

r 44, 079r 4, 950

r 11, 4308,8705,108

r 3, 40810, 313

73, 0915,0907,2462,6896,7128,2053,985

4,4213,5276,1011,1871,733

22, 194

4,827

19718916218615238

355

175.1

44, 7624,775

12, 4249,0355, 2663,7969,466

55, 8144,2224,1961,1245,0646,7115,283

3,1662,1064,278

8761,704

17, 083

3,890 4,025 4,768r Revised.§ Copyrighted data; see last paragraph of headnote, p. S-l.cf Data reported at the beginning of each month are shown here for the previous month.f Revised series.t Data revised beginning January 1954; revisions prior to March 1955 will be shown later.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

DOMESTIC TRADE—Continued

ADVERTISING— Continued

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

Classified do

Display, total _ _ doAutomotive doFinancial _ _ _ - doGeneral. do. _ _Retail do

PERSONAL CONSUMPTION EXPENDITURES

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

Durable goods, total? doAutomobiles and parts do . .Furniture and household equipment do

Nondurable goods, total 9 - _ _ doClothing and shoes doFood and alcoholic beverages _ . _ doGasoline and oil. . _ do

Services, total? doHousehold operation doHousing doTransportation do

RETAIL TRADEAll retail stores:

Estimated sales (unadjusted), total mil. of dol_-

Durable-goods stores ? doAutomotive group _ _ - - _ _ do

Motor- vehicle, other automotive dealers. doTire, battery, accessory dealers _ . do_

Fumiture and appliance group do. _ _Furniture, homefurnishings stores doHousehold-appliance, radio stores _ _ _ do.-_

Lumber, building, hardware group doLumber, building-materials dealers doHardware stores do

Nondurable-goods stores ? 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

Grocery stores doGasoline service stations do

General-merchandise group doDepartment stores, excl. mail-order d* doMail-order (catalog sales) doVariety stores do_-O ther general-merchandise stores do

Liquor stores do

Estimated sales (seasonally adjusted) , total do

Durable-goods stores ? - doAutomotive group - do

Mo tor- vehicle, other automotive dealers.do-.-Tire, battery, accessory dealers do

Furniture and appliance group doFurniture, homefurnishings stores _ do.Househ old-appliance, radio stores do

Lumber, building, hardware group. _doLumber, building-materials dealers doHardware stores - do

Nondurable-goods stores ? do.Apparel group - do

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

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

Grocery stores -- -__doGasoline service stations do

General-merchandise group... .doDepartment stores, excl. mail-order doMail-order (catalog sales) doVariety stores _ _ doOther general-merchandise stores- _ _ _ d o

Liquor stores do

212 20057, 508

154, 69314 2205,200

26, 955108 318

13, 866

4,6902,7442,626

118

761462299

701526175

9,176721161292143125

4591,0843 5172,9861 012

1,27869389

191305274

15, 658

5,4563,0202,869

151

869543326

938699238

10,202927200368189169

4651,1713,7473,1861,082

1,714936113279385318

218 33556 624

161, 71115 1613 235

31, 489111 826

13, 686

4 7752,8122,688

124

757464293

698527171

8,911667137278135116

4511,0413 4462 927

983

1 271667

97206300263

15, 346

5,3543,0082,855

153

859539319

899674225

9,992924191364200170

4551,1523,6803,1281,088

1,645878113268385298

251 25563 286

187 96915 4943' 484

36, 151132 840

261.7

34.815. 514 9

130 520.878 88.1

96.415.031.57.7

15, 864

5 4213,1953,044

151

808502306

843636207

10 4431 003

180403216204

4791,1143 9393 3761 078

1 649884106274386306

15, 740

5 4663,0492,881

169

877540337

925692234

10, 274916177368201170

4851,1923,7563,2051,154

1,702913112273403315

260 99265 077

195 91514 8643 932

40, 980136 140

15,029

5 3523,0582,899

159

787491296

929701227

9 677833160344172157

4461,1343 5323 0061 090

1 51485495

221346282

15, 541

5 3032,8672,703

164

895546348

958718240

10, 238921198355199168

4671,2003,7023,1671,130

1,702943111256392315

268 48666 664

201 82217 0883 657

40 952140 125

16, 257

5 7983,2383,056

183

874553321

1 035769266

10 459963193388199182

4771,2093 7863 2211 154

1 703941113256392308

15, 892

5 3962,9612,785

176

863524340

945701245

10, 496965201373222170

4831,2023,8183,2601,135

1,752940122278412327

239 26662 395

176 87215 4773 641

34 747123 006

263.7

33.413.815 2

132 321.579 58.3

98.015. 231.97.8

16, 724

6 0533 3633,155

208

921556364

1 090814275

10 671989227364203195

4771,2703 9803 4131 201

1 700932105274388313

15, 998

5 5002 9972,812

184

899537362

979716263

10 498957210366209172

4801,2413,7693,2151,163

1,730948116282384329

213 96160 525

153 43612 9474 652

27 098108 740

15, 526

5 5733*0662,880

186

846516331

1 024774250

9 953768163290168146

4641,3063 7723 2151 239

1 41474890

245330318

16, 019

5 5142 9812,806

174

899550349

968720248

10 505956209364215168

4791,1913 8423,2721,150

1,763974118291380342

227 29762 494

164, 80312 6262,749

26, 430122 998

16, 335

5 7393 1102,919

191

900566334

1 050800251

10 596863168338190167

4751,3333 9883 4001 253

1 663898120271374328

16, 253

5 5123 0222,845

178

886552333

933688245

10 7411 039

223411213192

4871,2153 8903,3061,164

1,781971123294393346

244 05663 036

181 02110 0183 169

34 223133 610

266 8

33 013 715 0

134 021 980 58 5

99 715 532 57 9

15, 730

5 2302 6762,507

169

860518342

1,006761245

10, 500981188374225194

4651,2403 8963 3231 181

1 699945108275372324

16, 018

5 3562 7802,599

180

908558350

960711249

10 662977209392210ififi

4921,1783 9183 3371,165

1,773989116295374323

269 85762 197

207 65916 8784 026

43 420143 335

16,282

5,5162,8302,646

184

956593363

1 052794258

10, 7661,034

216405236177

4801,2273 8813 3051 180

1 8081,007

129284387330

16, 050

5 4903 0352,862

173

864530334

918689228

10 560982214388208172

4921,1843 9153' 3321,150

1,674913112292357332

261 99454 469

207, 52516 4243 330

38, 510149 262

16, 639

5 4912 9072,730

177

1 003634369

917664254

11 1481 095

252410259173

4701, 1584 0243 4351 184

2 0301,132

166309423356

16, 358

5 6643 1592,983

176

912569344

889653236

10 6941 004

216380229179

4881,1883 9253*3511,179

1,760960122302376339

243 08050 337

192 7438 8244 198

27 690152 031

270 9

34 815 315 0

134 722 181 08 6

101 415 832 98 0

19, 532

6 1723, 1222,901

221

1,194714480

861547314

13 3601,694

421654387232

6321,2014 2043 5721 182

3 0331,626

189616601539

16, 491

5 8143 2853,104

181

932575356

869630240

10 677991209396218169

4971,1943 9773 3961,164

1,738954122289372338

210 50955 141

155, 36812 5555 929

26, 355110 530

' 14,889

4 972•• 2, 996

2,85S139

r 776478297

659476183

9 917'785

181310161133

4S8' 1,096r 3 gsgr 3 2S1r I 137

r I 328

772097

198314301

16, 439

5 7063 3243, 151

173

856541314

84360S240

10 733980217376212174

4341,1823 9693*3921,213

1,722936118281387331

1 14,190

1 2 961

i 735

1 686

1 46S1 1, 039i 3 gmi •-> 087; i 074

i i 2501 669

i 16, 492

i 5 754

i jo 73 H

r Revised. i Advance estimate.JRevised series. Estimates of personal consumption expenditures have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY) ; for data prior to 1952, see the 1954 NATIONAL INCOME

SUPPLEMENT.9 Includes data not shown separately.c? Correction: 1951 monthly average for combined department-store and mail-order sales (old series) shown in the 1955 edition of BUSINESS STATISTICS should read $927,000,000.


S-10 SUEVEY OF CUB-BENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

All retail stores— ContinuedEstimated inventories:

Unadjusted, total __ mil. ofdoL.Durable-goods stores doNondurable-goods stores. . . d o _ _ _

Seasonally adjusted total doDurable-goods stores 9 do

Automotive group doFurniture and appliance group doLumber, building, hardware group do .

Nondurable-goods stores? doApparel group doFood group . _ _ doGeneral-merchandise group do

Firms with 11 or more stores:Estimated sales (unadjusted), total 9 - - do __

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

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

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

mil of dolVariety stores do

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

Estimated sales (seas adj ), total 9 do

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

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

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

mil of dolVariety stores do

Grocery stores doLumber building— materials dealers doTire battery accessory stores do

Department stores:Accounts receivable, end of month :cf

Charge accounts 1947-49=100Installment accounts do

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

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

Sales, unadjusted, total U. S4_-_ 1947-49=100

Atlanta doBoston doChicago doCleveland doDallas doKansas City do

Minneapolis doNew York doPhiladelphia doRichmond doSt Louis doSan Francisco do

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

Atlanta doBoston doChicago do .Cleveland doDallas doKansas City do

Minneapolis doNew York doPhiladelphia doRichmond doSt Louis doSan Francisco do

22, 79010, 87011, 920

24, 08011, 3904,6801,9802,340

12, 6902,6602,6004.170

2,449

128114843

625625

596281

87]44

1, 1455344

2,936

184147066676033

861417

124213

1,2187059

183322

4314

454213

95

'114879191

' 11393

8390909595

100

124

' 148111120117

'143r 122

116114120

r 139127

'130

23, 84011,33012, 510

24, 21011, 4504,7102,0102,350

12, 7602,6902, 5804,200

2,464

1219

4840

625624

600271

82156

1, 1665245

2,905

176137059666229

829397

118208

1,2396657

155316

4414

444313

92

114848790

11192

848591969697

118

143111112116139117

108105118129123124

24, 54011, 68012, 860

23,82011, 2204,4901,9802,360

12, 6002,6602,5704,100

3,058

222168478

696130

792366

117215

1,3896155

2,954

181147265716228

836395

125216

1,2616961

150313

4716

444313

111

14691

109106134112

9598

111125116110

122

143102124116144126

112107116137129128

24,88011, 83013, 050

23, 88011, 1004,3801,9902,340

12, 7802,7202,6004,140

2,722

160126158

636026

748388

103170

1,1746957

2,914

172146660666029

839416

115204

1,2377261

149311

4315

444313

113

136106110109132117

10997

109122115117

122

144111117120144124

112104121131123131

24,45011,49012, 960

23, 90011,0304,3102,0002,320

12, 8702,7402,6804,090

3,014

192147669

666331

838417

118197

1,2807567

3,000

185147265686128

856397

126218

1,2867062

152311

4615

444412

121

143112119114143124

113108120136129120

122

146112120118145125

112110121135129122

23, 51010 86012, 650

23 83010 7504,0102 0102,330

13, 0802 7802, 7504 160

3,167

200167675

696629

867430

127211

1 3777874

2,999

186147364706430

843392

126216

1,2846964

149310

4615

454213

119

131114121113130119

105111117128117120

124

147114124118143124

114115125134119126

23, 30010, 65012, 650

23, 80010, 6503,9602,0002,270

13, 1502,8102,7604,180

2,770

143105755

676526

722350

103185

1,2217664

3,019

184157064686130

862405

125221

1,2947061

136307

4414

454213

101

128849798

129107

918388

111104115

128

160116123128152130

113116119140135132

23, 54010, 40013, 140

23, 75010, 4703,8801,9902,190

13, 2802,8402,7904 220

3,052

162106860

676729

858412

130207

1,3248163

3,075

193157568706328

892430

125224

1,3076858

138308

4514

454213

113

14095

113110138124

11190

100122118126

128

156118126121148131

116117124145129131

23, 53010, 03013, 500

23 43010, 2603,6302,0102,170

13, 1702,8002,8104,170

3,009

194136874

676527

857425

126206

1,2747657

3,058

190157166706329

870414

131218

1,3046863

152314

4415

444313

131

152125132127139128

137122131144130128

129

157117127127139128

129120127140127131

24, 0009,920

14, 080

23, 32010, 0903,4902,0102,160

13, 2302,8702,8304,250

3.114

197157365

696835

914449

131215

1,2787863

3,029

1S5146965696581

856410

125216

1, 295fifi51

159319

4715

434413

128

150115123122142129

119120124144131131

122

144114117118134123

103112118136119130

24, 75010, 45014, 300

23, 49010, 4203,7002,0702,190

13, 0702,7602,8004,250

3,337

209197766

676232

1,017472

154239

1,3976660

3,132

192157168706530

893422

131227

1,3416661

174330

4716

444412

158

182143159152166150

141151165179161153

131

157119130123146131

123120126146134132

r 22, 400' 9, 940

' 12, 460

' 23, 860r 10, 700' 4, 020r 2, 020r 2, 220

r 13, 160r 2, 850

2,700' 4, 180

4,136

32230

125100

1066734

1,531658

229468

1,4305583

3,139

192157366756530

869413

126217

1,3696761

232365

4514

464311

'222

' 267210

'215212252218

202'204

220'251

216231

129

'154116128122150128

124116125139130131

22. 89010, 40012, 490

24, 03010, 7904,1302,0102,210

13, 2402,8502,7504,170

2,691

130114447

666024

636305

92149

1,3244648

3,120

180146368706530

884432

127214

1,3587262

189352

4615

444214

*96

»116P86"91»92

Pil l*90

*84*94»91*99*94

^102

* 125

151109120118140119

118119121144126131

_ . -...

^96

P 124

T Revised. v Preliminary. 9 Includes data not shown separately.cfData revised for period beginning December 1948; not comparable with former series. Unpublished revisions (prior to October 1955) will be shown later.JData for 1946-55 have been revised to reflect current seasonal patterns and to allow for changes in the samples used in computing the unadjusted indexes. Revisions beginning with 1946

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


March 1957 SURVEY OF CURRENT BUSINESS S-ll


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

DOMESTIC TRADE—ContinuedRETAIL TRADE— Continued

Department stores— ContinuedStocks, total U. S., end of monthrj

Unadjusted 1947-49 =100__Seasonally adjusted - do

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

Montgomery Ward & Co do ..Sears, Roebuck & Co * do

WHOLESALE TRADESales estimated (unadj ) , total mil. of dol

Durable-goods establishments doNondurable-goods establishments _ do...

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

123137

286, 56458, 479

228, 084

9,3603,1206,240

12, 4806,2806,200

131138

279, 77062, 142

217,628

9, 5403,2306,310

12, 5706,4706,100

139135

348, 88883, 275

265, 612

10, 2403,5406,700

12, 6206,6805,940

142136

376, 92996, 505

280, 424

9,9003,5306,370

12, 6206,7805,840

139134

411, 14393, 587

317, 556

10, 6503,7906,860

12, 5006,7605, 740

131137

426, 19797, 221

328, 976

10,5003,7906,710

12, 3706,7105. 660

130138

355, 91779, 888

276, 030

10, 0603,5006,560

12,6306,5906,040

138141

421, 66894, 813

326, 855

11, 1203,7807,340

12,8306,5306,300

145139

405, 22994, 412

310, 817

10, 4303,5606,870

13, 1106,6006,510

159142

440, 456112, 898327, 558

11, 6903,9507,740

13, 5006,6306,870

161142

482, 564120, 131362, 433

11, 1603,6707,490

13, 6406,5907,050

126••142

595, 570150, 615444, 955

10, 5703,4107,160

13, 3106,5406,770

p 126P141

310, 27563, 367

246, 908

10,3003,3306,970

13, 1906,6606,530

i 55, 515223, 750

EMPLOYMENT AND POPULATIONPOPULATION

Population, continental United States:Total, incl. Armed Forces overseasd" thousands. .

EMPLOYMENTNoninstitutional population, estimated number 14

years of age and over, total® thousands

Total labor force, including Armed Forces. do

Civilian labor force, total doEmployed do

Agricultural employment doNonagricultural employment do

Unemployed ._ _ _ do

Not in labor force- . do

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

Manufacturing _doDurable-goods industries _ doNondurable-goods industries do

Mining, total doMetal doAnthracite doBituminous coal - _ _ _ _ _ _ _ d o _Crude-petroleum and natural-gas production

thousands. .Nonmetallic mining and quarrying do

Contract construction doTransportation and public utilities 9 - _ do_

Interstate railroads doLocal railways and bus lines doTrucking and warehousing* doTelephone. _ _ _ doTelegraph doGas and electric utilities _ do _

Wholesale and retail trade doWholesale trade _. - d oRetail trade 9 do

General -merchandise stores do__Food and liquor stores doAutomotive and accessories dealers do_ _

Finance, insurance, and real estate doService and miscellaneous 9 _ _ _ _ do

Hotels and lodging places _ _ doLaundries doCleaning and dyeing plants _ _ __do _

Government do

Total, seasonally adjusted f do_ _Manufacturing do

Durable-goods industries _ _ __doNondurable -goods industries .. _ . _ do

Mining doContract construction do. .Transportation and public utilities doWholesale and retail trade doFinance, insurance; and real estate doService and miscellaneous . doGovernment do_.

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

Durable-goods industries. _ _ _ do. _Ordnance and accessories do

166, 766

118, 080

68, 691

65, 77562, 8915,635

57, 2562,885

49, 388

50, 28416, 8429,8117,031

77710633

223

310105

2,5884,0831,193

11278073743

561

10, 9202,9257,9951,3971,546

816

2,2385,803

458331162

7,033

51, 08016, 9449,8337,111

7772,8764,145

11,0832,2615,9527,042

13, 2607,751

87

166, 995

118, 180

68, 396

65, 49062, 5765,469

57, 1072,914

49, 784

50, 24616, 8249,7767,048

78010734

225

310105

2,5884,0831,188

11077774342

561

10, 8192,9247,8951,3331,551

811

2,2505,818

467329161

7,084

51, 12716, 8799,7667,113

7802,9244,131

11, 1052,2735,9677,068

13, 2127,692

86

167, 211

118,293

68, 806

65, 91363, 0785,678

57, 4002,834

49, 488

50, 49916,7649,7307,034

78310732

223

314107

2,6694,1061,189

11178574843

563

10, 9312,9268,0051,3841,553

806

2,2655,859

468330163

7,122

51, 05716, 8049,7037,101

7832,9664,127

11,0272,2765,9797,095

13, 1257,621

84

167, 440

118, 367

69, 434

66, 55563, 9906,387

57, 6032,564

48, 933

50, 84816, 7699,7956,974

79010931

223

315111

2,8534,1211,196

11178375343

565

10, 9282,9208,0081,3701,557

804

2,2785,979

486331165

7,130

51, 32716,9189,7997,119

7983,0034,128

11, 1202,2785,9797,103

13, 1147,674

84

167, 649

118,537

70, 711

67, 84665, 2387,146

58, 0922,608

47, 826

51, 19716, 7159,7476,968

78610827

224

315113

3,0404,1381,208

11078475543

567

10, 9852,9208,0651,3951,567

801

2,2896,041

492335169

7,203

51, 45416,9099,7667,143

7943,0554,141

11,1102,2895,9817,175

13, 0367,613

83

167, 858

118, 632

72, 274

69, 43066, 5037,876

58, 6272,927

46,357

51, 70916, 8099,7647,045

81211132

226

329115

3,2574,1811,223

11079176143

577

11,0912,9558,1361,3821,578

801

2,3206,089

521339173

7,150

51, 60016, 8779,7527,125

8083,1324,164

11, 1622,2975,9997,161

13, 0787,602

83

168, 091

118, 762

72, 325

69, 48966, 6557,700

58, 9552,833

46, 437

50, 89616, 2919,2777,014

7468531

183

333115

3,2704,1481,173

10978977843

585

11,0152,9748,0411,3401,575

802

2,3426,137

580342167

6,947

51, 00316, 4609,3927,068

7503,0564,117

11, 1522,2966,0177,155

12, 5147,081

82

168, 360

118, 891

71, 787

68, 94766, 7527,265

59, 4872,195

47, 105

51, 88117, 0349,7437,291

81710932

228

332116

3,3534,1781,185

10880078043

585

11,0473,0028,0451,3471,569

796

2,3556,137

583337162

6,960

51, 70216,8909,7847,106

8093,0764,147

11,2112,3206,0177,232

13, 2457,541

80

168, 638

119,047

70, 896

68, 06966, 0717,388

58, 6831,998

48, 151

52, 26117, 1219,7887,333

81811232

231

327116

3,3404,1791,189

10880977343

580

11, 1643,0038,1611,4241,579

789

2,3216,105

512334165

7,213

51, 67616, 8649,7797,085

8143,0784,149

11, 1642,3216,0157,271

13, 3357,583

82

168, 921

119, 198

70, 905

68, 08266, 1747,173

59, 0001,909

48, 293

52, 45517, 2229,9587,264

81211133

232

322115

3,3014,1771,189

10782176943

573

11,2883,0218,2671,4791,599

787

2,3126,045

478333167

7,298

51, 90217, 0269,9197,107

8123,0854,166

11,2172,3246,0157,257

13, 4397,751

82

169, 177

119, 344

70, 560

67, 73265, 2696,192

59, 0762,463

48, 783

52, 48417, 15110, 0247,127

81111033

232

323113

3,1914,1701,175

10782777142

573

11,4963,0478,4491,6041,622

795

2,3136,010

472332165

7,342

51, 95017, 0439,9777,066

8073,0834,159

11, 2302,3256,0407,263

13, 3537,802

82

169, 419

119, 481

69, 855

67, 02964, 5505,110

59, 4402,479

49, 626

r 53, 131' 17, 133' 10. 029' 7, 104

811' 110

34233

'323'110

' 3, 029r 4, ISO' 1, 173

107••830

77042

r 572

" 12, 092r 3, 075r 9, 017' 1, 975' 1, 649

806

2, 308r 5, 976

'466330

' 164r 7,602

' 52, 072r 17, 080

r 9, 990r 7, 090

807r 3, 107r 4, 156

Ml, 2502,320

r 6, 067' 7, 285

r 13, 312r 7, 791

83

169, 661

119, 614

' 2 68, 638

r 2 65, 821' 2 62, 578f 2 4, 935' 2 57, 643' 2 3, 244

r 2 50, 973

r 51, 253' 16, 934

r 9, 948' 6, 986

••80310934

' 233

321106

' 2, 723' 4, 110

1,14010680476641

571

r 11, 158' 3, 027' 8, 131r 1, 405

1,610r 786

r 2, 295' 5, 918

460329162

' 7,312

' 52, 063r 17, 030' 9, 963' 7, 067

"•803' 3, 026r 4, 172

r 11,324-•2,318r 6, 070' 7, 320

' 13, 126' 7, 713

'81

pl79, 905

119, 745

2 69, 128

2 66, T, 112 63, 190

2 5, 1952 57, P96

2 3, 121

2 50, 617

v 51, 245p 16, 908

v 9, 922p 6, 986

*>801* 10S

P234

v 105P 2, 741P 4, 103

p 11, 100p 3, 033P 8, 067p 1, 364p 1, 619

P 784

P2,311p 5, 929

p 7, 352

p 52, 151p 16, 960

p 9, 908p 7, 052

P801p 3, 097P 4, 151

P! 1,393p 2, 334P 6, 081p 7, 334

p 13, 091p 7, 679

"80T Revised. P Preliminary. 1 Net sales; not comparable with earlier data which are gross. Comparable figure for February 1956 is $57,040,000. 2 See note marked "0" for this page.

JSee corresponding note on p. S-10. o" Revised estimates for July 1953-December 1954 are available upon request. 9 Includes data for industries not shown.0 Data beginning May 1956 are derived from an expanded sample of about 35,000 households in 330 areas. Data through April 1956 from the previous sample can be used as a continuous

series with the estimates beginning May 1956 but some allowance should be made for the sample expansion in interpreting April-to-May net changes. Figures for May 1956 based on formersample, in order as shown above (thous.): 118,537; 70,604; 67,739; 65,159; 7,160; 57,999; 2,580; 47,933. The estimates beginning January 1957 reflect certain changes in definitions for employmentand unemployment as follows: Two small groups of persons formerly classified as employed are now classified as unemployed (except for the subgroup "in school and waiting to start new jobs"which is now counted as not in the labor force). Estimates for February 1957 on the old basis, comparable with data shown through 1956, in order as shown above (thous.): 119,745; 69,130; 66,313;63,434; 5,199; 58,235; 2,881; 50,615. Data on the old basis for January 1957 are shown in the February issue of the SURVEY.

t Data beginning 1954 for employment, hours, and earnings have been adjusted to the 1st quarter 1955 benchmark and are not comparable with previously published figures. Revised datafor 1954-April 1955 may be obtained upon request to the U. S. Department of Labor, Bureau of Labor Statistics, Division of Manpower and Employment Statistics.

*New series. Figures relate to establishments primarily engaged in local or long-distance trucking, transfer, and draying services or in the storage of farm products and other goods.


S-12 SURVEY OF CUREENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

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

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

thousandsSawmills and planing mills do

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

Blast furnaces, steel works, and rolling millsthousands

Primary smelting and refining of nonferrousmetals thousands

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

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

Automobiles do\ircraft and parts doShip and boat building and repairs doRailroad equipment do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable-goods industries doFood and kindred products 9 -- do

Meat products doDairy products doCanning and preserving doBakery products doBeverages do

Tobacco manufactures doTextile-mill products 9 do . _

Broad-woven fabric mills doKnitting mills do

Apparel and other finished textile productsthousands, _

Paper and allied products do

Printing, publishing, and allied industriesthousands- .

Chemicals and allied products doIndustrial organic chemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products - _ _ . _ _ do_ .Tires and inner tubes do

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

Production workers in manufacturing industries,seasonally adjusted:

Total f thousands--Durable-goods industries - - doNondurable-goods industries do

Production workers in manufacturing industries:Indexes of employment:!

Unadjusted - 1947-49= 100__Seasonally adjusted do

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

United States, continental _ _ _ thousands- .Washington,!) C., metropolitan area __ do _ _

Railway employees (class I steam railways):Total --thousands--Indexes:

Unadjusted - 1947-49= 100. .Seasonally adjusted -- do

PAYROLLS

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

LABOR CONDITIONS

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

All manufacturing industries -hours. .\verage overtime* do

Durable-goods industries -- do. _ _Average overtime* - do

Ordnance and accessories doLumber and wood products (except furniture)

j i • -11 jFurniture and fixtures doStone, clay and glass products - - doPrimary metal industries 9 do

Blast furnaces, steel works, and rolling mills

Primary smelting and refining of nonferrousmetals hours

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

Machinery (except electrical) do

635346322468

1,141

567

54

9131,261

8541,449

77251710646

230392

5, 5091,022

26467

141170110

95991443203

1,105458232

53855622017113023094

345228

13, 3567,7705,586

107.2108.0

2, 130. 0207.6

1,078

81.180.3

159.1

40.73.0

41.23.1

41.3

40 240 640.840.941.9

41 g

41.5

40.942.7

635348322466

1,138

567

54

8991,274

8491,392

71351910646

231400

5,5201,013

25968

140169110

90989440205

1,131456230

54055822117012922593

350230

13, 2637,6815,582

106.8107.2

2. 134. 0207.9

1,075

80.780.8

157.7

40.52.8

41.03.0

41.6

40 040 141.141.041.1

40 4

40.9

41.142.6

619344318472

1,130

563

55

8931,281

8421, 354

67851211047

231398

5, 5041,021

26271

140169115

82981438203

1,116457231

54556622117213022193

344227

13, 1587,5945,564

106.1106.4

2, 135. 8207.9

1,075

80.781.4

157.9

40.42.7

40.92.9

41.3

39 639 841.041.041.0

40 3

41.2

41.042.4

642350315478

1,136

568

55

8951,292

8741,332

65551211048

231394

5,4401,023

25674

147170117

79971436200

1,068460232

54756922117113021992

332218

13, 2517,6755,576

106.0107.1

2, 142. 1207.8

1,083

81.382.4

158.2

40.32.7

41.12.9

41.8

39 940 040.241.141.2

40.4

41.6

41.142.5

667359311480

1,117

557

55

8811,281

8721,295

61351311348

231395

5, 4231,051

25877

159172120

80963432202

1,049462234

54755922017213021692

325214

13, 2247,6335,591

105.4106.9

2, 150. 0207.6

1, 097

82.481.3

157.3

40.12.6

40.82.8

41.8

40 140 739.941.541.0

40 6

41.3

40.842.2

696369311484

1,118

564

56

8701,278

8661,269

574523116

47231395

5,4761,104

26281

188175129

80960432204

1,049466238

54955221917513220990

334219

13, 1497,5925,557

105.7106.3

2, 166. 6211.7

1,110

83.481.6

158.2

40.22.7

40.82.9

41.6

40 541.140.341.440.9

40.7

41.3

41.042.0

688366304473743

211

57

8251,254

8541,250

56152311444

229381

5,4331,158

26583

238174132

77922414198

1,020461236

54454421317013420890

330216

12, 6937,1975,496

101.2102.6

2, 182. 0212.8

1,058

80.078.3

151.0

40.12.6

40.72.8

41.7

40.340.340.241.040.3

38.9

41.7

40.841.7

700368316482

1,091

552

54

8641,257

8781,235

54153510743

233404

5,7041,276

26881

353175127

103950426206

1,082469239

55054921717813521190

338219

13, 1157,5835,532

107.1106.0

2, 181. 1211.9

1,071

80.479.0

161.4

40.32.7

40.82.9

41.2

41.441.241.141.339.7

38.7

40.8

40.741.7

681359321478

1,126

572

59

8851,262

8911,205

50454510741

235415

5,7521,312

26977

390174125

113949423205

1,079470238

55755321517613321592

329212

13, 0807,5715,509

107.8105.7

2, 169. 1209.2

1,075

80.780.5

165.8

40.73.1

41.43.3

42.1

40 940.541.341.141.2

41.2

41.6

41.742.2

664351322484

1,132

569

58

9111,264

9141,319

60455410943

237424

5,6881,226

27473

288176123

110952423207

1,091468236

56455421417513222092

328210

13,2487,7145,534

108. 7107. 1

2, 175. 9210.1

1,075

80.782.3

168.7

40.73.1

41.43.3

42.3

40 840.541.641.340.8

40.5

41.3

41.942.1

634339318479

1,132

567

59

9111,273

9181,402

66956911442

237415

5,5511,131

27871

196175123

101949422204

1,088467235

56455021417513319975

327211

13, 2447,7525,492

108.0107.1

2,174.7210.4

1,062

79.781.5

167.7

40.53.0

41.23.3

42.0

40 039.940.641.140.6

40.3

41.1

41.441.8

'607''327

318473

r 1, 133r 565

59

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' 5, 5211,OS2'278

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'329'215

' 13, 262r 7, 754'5,508

' 107. 6' 107. 2

'12,456.2' i 218. 5

' 1, 054

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170.9

41.03.1

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'39.8'39.4

41.4'41.2'41.2

'40.9

'40.9

42.142.6

'576314311

'460' 1, 132

563

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'894' 1, 439

684582120

47235

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' 5, 413' 1, 028

27069

143169112

'93'928

418191

' 1, 069'465

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132'222

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' 13. 216' 7, 725' 5, 491

' 106. 1' 106. 8

p2, 170. 1p 211. 4

p 1, 029

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41.0

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»311v 455

P 1, 129

p901p 1,310

?886p I , 428

P 236p 3,80

p o, 412P 1, 003

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p 556P 551

p 173

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P 13, 13.8p 7, 664p f., 474

P 105. 8p 106. 2

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p 164. 8

p 40. 2*2. 5

*>40. 9*2. 7

p42. 3

p 40. 3p40. 6MO. 4

Ml.OMl. 9

' Revised. * Preliminary. l Includes Post Office employees hired for Christmas season; there were about 284,000 (revised) such employees in continental U. S. in December 1956.fSee note marked "t" on p. S-ll. 9 Includes data for industries not shown.*New series. Overtime hours (in excess of hours for either the straight-time workday or workweek) for which premiums were paid. Weekend and holiday hours are included only if pre-

mium wage rates were paid; hours for which only shift differential, hazard, incentive, or other types of premiums were paid are excluded. Data prior to January 1956 are not available.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary


LABOR CONDITIONS— Continued

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

Durable-goods industries — ContinuedElectrical machinery __ _ _ . hours..Transportation equipment 9 do

Automobiles do .Aircraft and parts doShip and boat building and repairs do__.Railroad equipment do

Instruments and related products do _Miscellaneous mfg. industries do

Nondurable-goods industries doAverage overtime* -do

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

Tobacco manufactures doTextile-mill products 9 do

Broad-woven fabric mills doKnitting mills do

Apparel and other finished textile productshours. _

Paper and allied products doPulp paper and paperboard mills do

Printing, publishing, and allied industrieshours. .

Chemicals and allied products __ _ do _.Industrial organic chemicals do

Products of petroleum and coal _ doPetroleum refining do

Rubber products doTires and inner tubes do

Leather and leather products ._ doFootwear (except rubber) do

Nonmanufacturing industries:Mining:

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

Petroleum and natural-gas production hoursNonmetallic mining and quarrying do

Contract construction doNonbuilding construction doBuilding construction do

Transportation and public utilities:Local railways and. bus lines doTelephone doTelegraph doGas and electric utilities do

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

hoursGeneral-merchandise stores doFood and liquor stores doA utomotive and accessories dealers do

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

Industrial disputes (strikes and lock-outs):Beginning in month:

Work stoppages numberWorkers involved thousands

In effect during month:Work stoppages numberWorkers involved thousandsMan-days idle during month do

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

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

Initial claimsd"1 thousandsInsured unemployment, weekly averaged1 doBenefit payments:

Beneficiaries, weekly averaged"- .._ doAmount of payments d1 thous. of dol

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

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

Discharge doLav-off doQuit. doMilitary and miscellaneous do

40.940.639.942.039.040.540.840.5

39.92.7

41.543.842.738.840.439.7

38.140.441.137.8

36.543.144.8

38.741.441.241.341.340.740.439.039.0

43.235.138.6

42.043.035.638.535.1

42.539.441.741.4

40.6

38.635.037.343.7

41.240.338.8

25085

350190

2,000

432

1,3491,491

1,202135, 722

365866

6,726

3.33.6.3

1.71.4.2

40.639.938.442.039.340.441.040.6

39.82.5

40.741.342.838 440.539.8

36.640.541.038.6

37.442.744.1

38.641.340.940.740.540.139.439.539.7

42.533.338.5

40.343.536.038.735.5

42.839.141.641.1

40.3

38.534.937.343.6

41.040.138.7

25070

350190

2,200

402

1,0491,535

1,309143, 923

296173

7,050

3.13.6.3

1.81.3.2

40.740 439.541 739.441 040.840.4

39.62.5

40 641.642 737 540 339.9

37.839 940 737 8

36.743.044 4

39.041.240.741.240 639.538 938.238 2

41.928 338.2

40.443.035.037.534.6

42 939.141 741.1

40.2

38.434.837.343.8

41.240.139.0

25050

350175

2,000

450

9361,472

1,313151, 998

255772

7,274

3.13.5.3

1.61.4.2

41.040.639.941 739.840 841.140.5

OQ O

2.440.240.342 337 340 340.0

37.939.340 236.7

36.242.844 2

38.841.240.841.241.339.939.236.636.0

42.430.937.8

41.344.436.539.236.0

42.739.142.041.3

40.2

38.434.637.243.8

41.340.539.9

350140

450210

1,500

504

9841,359

1,219133, 926

204459

5,722

3.33.4.3

1.41.5.2

40 739 637 641 840 340 440 840.2

39 12 3

40 640 842 838 440 740 2

38 838 939 737 2

35.742 443 9

38.741 340 940.740 539.939 736.535 8

43.229 238.0

40.345 137.240.736.5

43 539.042 641.1

40.3

38.334.437.243.6

40.840.941.2

450190

550280

2,800

567

9931,255

1,064125, 786

203544

4,694

3.43.7.3

1.61.6.2

40 639 938 341 740 140 240 640.1

39 22 4

41 241 843 639 040 940 8

39 238 739 137 5

35.542 744 2

38.641 341 341 140 739 539 337 336 7

42 733 738 1

40 045 938 142 337.2

43 839 342 341 3

40 3

38 735 038.143 7

40 840.940.7

350115

500235

2,100

558

8631,178

1,072116, 040

293746

4,452

4.23.4.3

1.31.6.2

40.140.839.941.940.041.040.539.6

39.42.5

41.241.543.439.741.041.3

38.838.738.937.4

35.843.044.6

38.641.141.041.841.539.739.138.037.9

42.335.636.1

41.945.637. 942.437.0

43.339.942.241.4

40.5

39.135.538.643.9

41.040.439.6

400620

550710

13, 600

519

1,1191,209

976111, 708

i 274148

4,970

3.33.2.2

1.21.5.2

40.540.839.742.239.938.540.740.2

39.62.5

41.441.042.742.040.540.8

39.139.239.338.0

36.542.643.9

38.840.940.740.940.540.240.037.637.1

40.133.337.0

40.645.238.142.437.2

43.339.442.541.2

40.3

39.135.638.343.7

40.839.938.1

350125

550725

3,200

577

8371,059

932112, 207

i 274252

5,630

3.83.9.3

1.22.2.2

41.141.340.642.339.840.741.040.3

39.82.8

42.242.842.942.940.939.9

40.939.339.537.8

36.043.044.1

39.041.441.141.741.440.540.236.936.0

42.633.837.9

42.445.838.442.837.4

43.039.942.041.4

40.6

38.534.937.643.6

40.640.239.8

325150

550215

1,500

591

761988

88994, 919

U83348

4,499

4.14.4.3

1.42.6.2

41.241.841.842.339.740.541.040.7

39.82.7

41.341.842.541.040.639.7

39.640.040.638.4

36.442.944.0

39.141.341.040.840.540.840.136.935.9

41.835.437.8

40.645.638.342.437.4

43.239.842.041.0

40.5

38.234.637.243.8

40.740.239.7

325130

525190

1,000

599

834878

75291, 476

1 182430

3,258

'4.23.5.3

1.31.7.2

41.042.242.842.438.939.540.840.3

39.62.7

41.343.442.537.240.539.8

38.840.240.738.3

36.142.843.8

38.641.441.140.940.940.540.636.936.1

41.333.936.2

40.644.536.439.735.7

43.241.041.641.5

40.4

38.034.137.143.7

40.639.939.5

200150

375210

1,500

474

9731,013

79691, 700

i 212831

3,168

3.03.3.3

1.51.3.2

41.2-•43.6'45.2

42.8'40.3

40.7'41.0r40. 6

39.82.6

41.041.8

'42.138.140.4

'40.0

'39.840.240.937.7

36.343.044.2

39.141.6

'41.341.0

'41.1'41.4'41.7

37.737.2

'42.7'36.3

38.7

'41.543.636.7

'39.236.2

43.4'39.3

41.6'41.2

'40.7

'38.6'36.2

37.0'43.8

'40.7'40.1'39.1

15040

300100800

410

1,2291,285

941104, 245

*233540

3,883

'2.32.8.2

1.41.0.2

40.4'41.3

40.842.440.240.6

'40.4'39.9

'39.1'2.3

'40.341.341.637.539.739.2

'38.539.139.636.6

'35.842.443.9

'38.141.241. 1

'41.041.1

'41.141.9

'38.037.9

42.235.837.3

41.641.634.537.234.0

43.138.941.741.1

40.2

38.234.636.843.9

40.240.038.4

*225P60

P325P80

P550

433

1,5621,737

1,453177, 598

!314553

6,572

p3. 1P3.3

P. 2P 1. 5pl .3

*>. 3

P40.6P41.4

P40.8P39.9

p39. 2P 2 . 2

p40. 1

P38.4P39.2

P36.6P42.3

P38.2P40.9

P40.6

P41.0

P38.6

p 1, 730

' Revised. *» Preliminary. l See note marked "§".tSee note marked "t" on p. S-ll.9 Includes data for industries not shown. *New series. See note on p. S-12.cfData for the UCFE program are included in initial claims, beneficiaries, and benefit payments effective January 1955 and in insured unemployment effective March 1955.§ Beginning July 1956, figures include transitional claims which are excluded from earlier data. In June 1956, the number of transitional claims totaled 267.

418765—57 5Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary


WAGES

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

All manufacturing industries dollarsDurable-goods industries _ - do


dollarsSawmills and planing mills do

Furniture and fixtures doStone, clay, and glass products .__ do__ .

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

dollarsPrimary smelting and refining of nonferrous

metals dollarsFabricated metal prod, (except ordnance, ma-

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

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

Instruments and related products.. _ _ do_Miscellaneous mfg. industries do

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

Mieat products doDairy products doCanning and preserving doBakery products doBeverages do

Tobacco manufactures doTextile-mill products 9 do -

Broad-woven fabric mills doKnitting mills do._

Apparel and other finished textile productsdollars ._

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

Printing, publishing, and allied industriesdollars ...

Chemicals and allied products.. doIndustrial organic chemicals - do

Products of petroleum and coal - doPetroleum refining do

Rubber products do .Tires and inner tubes do

Leather and leather products ..- do. .Footwear (except rubber) do


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

Petroleum and natural-gas productiondollars

Nonmetallic mining and quarrying doContract construction do

Nonbuilding construction doBuilding construction do

Transportation and public utilities:Local railways and bus lines doTelephone doTelegraph - doGas and electric utilities do

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

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

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

Service and miscellaneous:Hotels year-round doLaundries doCleaniner and dveinff Dlants _ do

78.5584.8787.56

66.7367.8067.3278.12

97.63

103. 25

89.64

83. 0392.6678.94

91.3590.9792.8284.6394 77

79.9769.66

69.8376.3691 5473.0259 3671.1082 18

52.9657.3756.3151.79

50.3781.4689.60

91.7284. 8790.23

99.95103. 6687.91

101. 0056.5554.21

98.9391.96

104. 22

99.9680.4195.4193.1796.17

8L6073.2878.4089.42

79.58

59.4443.0561.9279.10

61.72

41.6141.5147.34

78. 1784.0588.19

66.8067.3767.8277.90

95.35

99.38

88.34

83.0292.4478.36

89.3887.5592.8285.2894. 13

80.3669.43

69.6574.4885.0873.6258.7572.0982.78

50.8757.5156.1752.88

51.6179.8587.32

91.8784.6789.57

99.72103.6885.8197.7157.6755.98

96.4885.58

103. 18

97.9381. 3596.8494. 4397.27

82.6071.9478.2188.37

78.99

59.2942.5861.9278.92

61.61

41.4140.9047.21

78.7884.2588.80

67.7269.2568.4778.31

95.12

99.14

88.99

83.2392.0178.96

90.9089.6792. 5786.6895.53

80.3869.89

70.4975.1186 1173.4459.6371.3384.59

55.5757. 0656.1753.30

52.4881.2788.80

93.6084.4689.54

103. 82107. 1884.9397.2556.9255.39

95.1171.32

102. 38

99.3881.2794.5091.8895.15

83.2371.9478.8189.19

80.00

59.1442.1161.9280.15

61.75

41.2041.7047.97

78.9985.4990.29

70.2270.8067. 1379.32

96.00

99.79

89.86

83.8492.6580.36

91.7690.9793.8387.1695.88

81.3870.47

70.1774.3783.4273.1859.6871.7384.40

56.4756.2055.0752.11

51.7781.3288.40

93.5185.2890.98

104. 65110. 2785.7998.0054.9052.20

96.6780.34

105. 46

103. 2583.9298.1994.8699.00

83.2772.3479.3890.45

80.80

59.9042.9062.5081.03

61.89

41.7142.1249.88

79 0084.8690 71

71 3873 2666 6380.51

95.53

100 69

89 62

83.2392 0080.18

89.8985 7394 4788 2694 54

81.1969 95

70.3875.1184 4673 6260 6773 2684 82

58 2056 0255 1852.82

50.6980 9888.68

93.6586.3291.62

102. 97107. 7386.1899.6554.7551.91

98 5070.66

106 02

99.9485 69

100. 4499.31

100 74

84 8372.1580.9490 42

81.00

59.7542.6662 8781.10

61.51

42 0242.5451.91

79.1985.2791.52

73.7175.6267.7080.73

95.71

100. 94

90.45

84.4691.9879.98

91.3788.4794 6689.0295 27

80.7969.77

70.9576.2286 9475 8660 0674.0387 72

59 1955.7353 9652.88

51.1282 4190.61

93.8087.1493.34

104. 81108. 6784.9398. 2555.9553.22

97.3688.63

107. 82

99.6088.59

103. 25104. 90103. 42

85.8573.1085.8791.69

81.41

61.1544.1064.3983.03

61.53

42.4342.9551.69

79.0084.2591.74

72.5473.7567.1380.36

91.48

96.47

93.41

83.6491.7479.40

93.8492.9795.9588.8097.17

81.4168.90

71.7176.2286.3275.9561.5474.2189.62

58.5955.7353.6852.73

51.9184.2893.21

93.8087.5493.07

107. 01111. 2286.1598.1457.0054.96

96.0292.20

102. 16

106. 0188.01

103. 09105. 15103. 23

85.7374.2185.2492.32

82.22

62.1744.7365.6283.41

62.11

42.2342.4249.90

79.7985.6890.64

74.9375.8169.8780.95

93.69

97.14

91.39

84.2592.1680.60

94.2593.3097.0690.1789.71

82.2169.95

71.6875.3584.4674.3065.5273.7188.13

55.1356.4554.2353.58

53.2983.9292.19

94.2887.1292.39

103. 89107. 7387.64

101. 2056.4054.17

92.6387.25

102. 49

100. 2887.69

104. 78106. 42104. 53

85.3072.8986.2891.88

81.41

61.7844.5064.7382.16

61.79

42.4341.9048.39

81.4088.6093.88

74.4474.5270.6280.97

100. 12

107. 53

94.85

87.9994.9583.02

97.8899.4797.7190.3597.68

83.6470.53

72.4476.8089 4575.9367 3574.8585.39

56.0356.9954.5153.68

52.9284.7193.05

95.9488.1894.12

108. 00111. 7889.51

102. 5155.7252.56

100. 5487.88

106. 12

107. 7089.77

106. 37108. 28106. 22

85.1474.2185.2692.74

82.82

61.2243.9764.3081.97

61.93

42.2242.6150.94

82.2189.0195.18

73.0373.7171.5581.77

98.74

104. 90

93.75

89.2594.7383.64

99.48102. 8397.7190.1297.61

83.6472.04

72.8376.4188.2074.8065.6074.3084.96

54.2559.2058.4654.91

53.8784.9493.28

95.8087.9793.48

104. 45108. 1490.17

102. 6656.0952.41

97.3994.87

110. 38

101. 0989.83

106.86108. 12106. 59

85. 5474.0385.2692.66

82.62

60.7443.6063.6181.03

62.55

42.7442.6150.82

82.4288.9994.50

71.2071.8269.4381.79

99.06

105. 18

93.30

88.1894.0583.64

100. 86106. 1498 3789.8694 01

83.6471.33

73.2678.8895 9175.6558 0374.9386 37

55 8760.3059 0255.15

53.0784.7492.86

94.5788.1894.12

105. 11109. 2088.29

103. 5356.0952.71

96 2391.19

106 79

101. 5087 22

102. 28100. 84102 46

85.9777.0884.0394.21

82.82

60 4242.6363 8181.72

62.35

42 6342.2950.56

84.0591.34

' 96. 70

' 69. 65' 69. 74

71.62' 82. 40

' 100. 94r 107. 16

' 93. 25

90.52r 96. 70

84.46

' 105. 95' 113. 90

100. 15' 94. 30

99.31

r 84. 46' 72. 67

74.0378.7291.96

' 75. 78' 61. 72' 73. 93' 86. 80

'58.5160.3059.3154.29

'54.0985.5794.15

' 96. 19r 89. 44' 94. 99

r 105. 37' 109. 74' 93. 15

' 109. 2557.3054.31

' 99. 92r 107. 45

115.33

' 104. 5885.46

r 103. 86' 99. 96' 104. 62

' 86. 80' 75. 46

84.03r 93. 94r 83. 84

'59.83••43.80

63.27'81.91

' 62. 86r43 14' 42. 91' 50. 05

' 82. 21' 88. 54' 96. 22

' 67. 4267.3468.06

' 82. 40

' 101. 27

108.65

95.04

' 86. 90' 94. 47

83.22

' 97. 8898.7498.7993.2699.47

'83.63' 71. 82

' 72. 73' 78. 18

91 6975.3061 8873.0584.67

r 56. 98' 58. 26

57.4252.70

' 52. 9884.3893.07

' 93. 3588.5894.12

' 106. 19110. 15' 92. 48108. 94' 58. 14

56.09

99.17105. 25110. 78

104.8381.5498.3394.4998.94

86.6374.3086. 3293.30

82.81

61 5044.2963 6682.53

63.76

42 6142.8049.54

v 82. 41p 89. 16v 96. 87

p 69. 32P 81. 20

v 99. 79

p 87. 74p 95. 11p 83. 64

p98. 53

p 84. 86p 71. 82

p 72. 91p 77. 79

P 56 83p 58. 80

p 54. 17p84 60

p 93. 97p 87. 53

p 103. 94

p 91. 43

p 59. 44

r Revised. P Preliminary.tSee note marked "t" on p. S-ll.9 Includes data for industries not shown.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary


WAGES— Continued

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

All manufacturing industries dollarsExcluding overtime* do

Durable-goods industries ___ _ do .__Excluding overtime* do


dollarsSawmills and olaning mills do

Furniture and fixtures doStone, clay, and glass products . do _Primary metal industries 9 do

Blast furnaces, steel works, and rolling millsdollars

Primary smelting and refining of nonferrousmetals dollars

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

Machinery (except electrical) doElectrical machinery do

Transportation equipment 9 - doAutomobiles doAircraft and parts doShip and boat building and repairs doRailroad equipment do

Instruments and related products. . .. do __Miscellaneous mfg industries do

Nondurable-goods industries. _ doExcluding overtime* do

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

Tobacco manufactures doTextile-mill products 9 do .

Broad-woven fabric mills doKnitting mills - - - do _

Apparel and other finished textile productsdollars - _

Paper and allied products doPulp paper and paperboard mills do

Printing, publishing, and allied industries _ _ d oChemicals and allied products do

Industrial organic chemicals do

Products of petroleum and coal doPetroleum refining - - do

Rubber products doTires and inner tubes do

Leather and leather products. _ _ doFootwear (except rubber) do


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

Petroleum and natural-gas prod dollarsNonmetallic mining and quarrying do

Contract construction doNonbuilding construction doBuilding construction do

Transportation and public utilities:Local railways and bus lines doTelephone - - do -Telegraph doGas and electric utilities do

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

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

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

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

Common labor dol. per hr._Skilled labor ..do

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

Railwa v wages (average, class I) doRoad-building wages common labor (qtrly) do

1.931 872.061 982.12

1.661 671.651.912 OO

2 47

2.16

2.032.171.93

2.252.282 212.172 341.961.72

1.751.701.842.091.711.531.762.07

1.391.421.371.37

1.381.892.002.372.052.19

2.422.512.162.501.451.39

2.292.622.70

2.381.872.682.422.74

1.921.861.882.16

1.96

1.541.231.661.81

1.011.031.22

2.1073.298

.912.1081.72

1 931 862.051 982. 12

1.671 681.651.902.32

2 46

2.16

2.022.171.93

2.242.282 212.172 33.96.71

.75

.70

.83

.06

.72

.53

.78

.08

.39

.42

.37

.37

.38

.87

.982.382.052.19

2.452.562.142.481.461.41

2.272.572.68

2.431.872.692.442.74

1.931.841.882.15

1.96

1.541.221.661.81

1.011.021.22

2.1173.309

2.127

1 951 882.061 992.15

1.711 741.671.912.32

2 46

2.16

2.032.171.94

2.252.272.222.202.331.971.73

1.781.731.852.071.721.591.772.12

1.471.431.381.41

1.431.892.002.402.052.20

2.522.642.152.501.491.45

2.272.522.68

2.461.892.702.452.75

1.941.841.892.17

1.99

1.54.21.66.83

.00

.041.23

2.1173.310

2.105

1 961 902.082 002 16

1.761 771.671.932.33

2 47

2.16

2.042. 181.96

2.262.282 252.192 351.981.74

1.791.741.852.071.731.601.782.11

1.491.431.371.42

1.431.902.002.412.072.23

2.542.672.152.501.501.45

2.282.602.79

2.501.892.692.422.75

1.951.851.892.19

2.01

1.561.241.681.85

1.011.041.25

2.1233.318

892.1151 70

1 971 902.082 012 17

1 781 801.671.942.33

2 48

2.17

2.042.181.97

2.272.282 262. 192 341.991.74

1.801.751.852.071.721.581.802.11

1.501.441.391.42

1.421.912.022.422.092.24

2.532.652.162.511.501.45

2.282.422.79

2.481.902.702.442.76

1.951.851.902.20

2.01

1.561.241.691.86

1.031.041.26

2.1483.342

2.097

1 971 912.092 022 20

1 821 841 681.952 34

2 48

2.19

2.062.191.97

2.292 312 272 222 371.991.74

1.811.761.852.081.741.541.812.15

1.511.441.381.41

1.441.932.052.432.112.26

2.552.672.152.501.501.45

2.282.632.83

2.491.932.712.482.78

1.961.862.032.22

2.02

1.581.261.691.90

1.041.051.27

2.1683.366

2.115

1.971 902.072 012.20

1.801 831. 671.962.27

2 48

2.24

2.052.201.98

2 302.332.292.222.372.011.74

1.821.771.852.081.751.551.812.17

1.511.441.381 41

1.451.962.092.432.132.27

2.562.682.172.511.501.45

2.272.592. 83

2.531.932.722.482.79

1.981.862.022.23

2'.03

1.591.261.701.90

1.031.051.26

2.1873.391

912.1071 76

1.981 912.102 032.20

1.811 841.701.962.36

2 51

2.24

2.072.211.99

2.312.352.302.262.332.021.74

1.811.751.822.061.741.561.822.16

1.411.441.381.41

1.461.972.102.432.132.27

2.542.662.182.531.501.46

2.312.622.77

2.471.942.752.512.81

1.971.852.032.23

2.02

1.581.251.691.88

1.041.051.27

2.1923.412

2.097

2.001 932.142 062.23

1.821.841.711.972.43

2 61

2.28

2.112.252.02

2.372.452.312.272.402.041.75

1.821.761.822.091.771.571.832.14

1.371.451.381.42

1.471.972.112.462.132.29

2.592.702.212.551.511.46

2 gg2.602.80

2.541.962.772.532.84

1.981.862.032.24

2.04

1.591.261.711.88

1.041.061.28

2.1923.416

2.143

2 021 942.152 062.25

1.791 821.721.982.42

r 2 59r2. 27

2.132.252.03

2.382.462 31

r2. 27' 2 41'2.04

1.77

1.831.781.85

••2.11' 1. 76••1.60

1.83••2.14

1.37'1.48

1.441.43

1.481.982.122.45

'2.132.28

'2.56'2.67

2.212.561.521.46

2.332.682.92

2.49' 1.97

2.792.552.85

' 1.981.862.032.26

'2.04

1.59' 1 26'1.71

1.85

'1.051.061.28

2.1923.423

822.1001 90

2 031 962.162 082.25

'1.781 801.711.992.44

2 61

2.27

2.132.252.04

2.392.482 322.312 38

'2.05' 1.77

1.851.791.912.211.781.561.852.17

1.441.501.451.44

1.471.982.122.452.132.29

2.572.67

'2.182 551.521 46

2.332.692.95

2.501.962.812.542.87

1.991.882.022.27

2.05

1.591 251.721.87

1.051.061.28

2.1923.433

2.191

2.051.972.18

'2.092.27

'1.75' 1.77

1.73'2.00

2.45

2.62

'2.28

2.15'2.27

2.05

2.43'2.52

2.342.342.442.061.79

1.861.801.922.20

'1.80'1.62' 1. 83'2.17

'1.471.501.451.44

'1.491.992.13

'2.46'2.15

2.30

'2.57'2.67'2.25'2.62

1.521.46

2.342.962.98

2.521.96

'2.83'2.55'2.89

'2.00'1.92

2.022.23

'2.06

1.55' 1.21

1.711.87

1.061.071.28

2.1923.433

2.216

2.051 98

'2.172 10

'2.28

1.721 741.71

'2.002.47

2 65

2.29

' 2. 132.262.06

'2.372.422.332.322.45

'2.07'1.80

1.861.811.942.221.811.651.842.16

' 1.48'1.49

1.451.44

••1.481.992.12

'2.452.152.29

'2.592.68

'2.252 60

'1.531. 48

2.352.942.97

2.521.962.852.542.91

2.011.912.072.27

2.06

1.611 281.731 88

1.061.071.29

2.2123.458

95

v 2.05

p2. 18

p2. 29

p 1.72p2. 00»2. 47

»2. 14^2.27»2. 06

*>2.38

*2.08» 1.80

* 1.86

» 1.94

v 1. 48v 1. 50

Pl.48J>2.00

P2.46»2. 14

P2.56

*2.23

p 1.54

2.2203 459

' Revised. v Preliminary. fSee note marked " t" on p. S-ll. 9 Includes data for industries not shown.*New series. Excludes only the earnings for overtime paid for at one and one-half times the straight-time rates after 40 hours a week. No adjustment is made for other premium-pay-

ment provisions, e. g., holiday work, late-shift work, and overtime rates other than time and one-half. Data prior to 1955 will be shown later.§ Rates as of March 1,1957: Common labor, $2.220; skilled labor, $3.462.


S-16 SUKVEY OF CURRENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

FINANCE

BANKING

Acceptances and commercial paper outstanding:Bankers' acceptances mil. o f d o l _ _Commercial paper do

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

Total mil. of doLFarm mortgage loans* Federal land banks doLoans to cooperatives _ _ _ - doOther loans and discounts do

Bank debits total (344 centers) doNew York City do6 other centers cf do

Federal Reserve banks, condition, end of month:Asset? total 9 -- --do

Reserve bank credit outstanding, total 9 doDiscounts and advances _ _do_ _.United States Government securities do

Gold certificate reserves do

Liabilities total 9 doDeposits, total 9--- - -- - --do _ _

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

Federal Reserve notes in circulation . do

Ratio of gold certificate reserves to deposit and FRnote liabilities combined ._ percent-

Federal Reserve weekly reporting member banks,condition, Wednesday nearest end of month:

Deposits:Demand, adjusted© mil. ofdol.Demand, except interbank:

Individuals, partnerships, and corporationsmil. of dol__

States and political subdivisions doUnited States Government do

Time, except interbank, total 9 - doIndividuals, partnerships, and corporations

mil. of dol_-States and political subdivisions do

Interbank (demand and time) do

Investments, total __ _ doU. S. Government obligations, direct and guaran-

teed, total _. mil. ofdolBills doCertificates . _ _ .- doBonds and guaranteed obligations do . . _.Notes _ do

Other securities do

Loans Tad justed), total© doCommercial, industrial, and agricultural do ___To brokers and dealers in securities .. doOther loans for purchasing or carrying securities

mil. of doL .Real-estate loans doOther loans do

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

In 19 cities percentNew York City do7 other northern and eastern cities do11 southern and western cities do

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

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

3-month bills do3-5 year taxable issues do

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

CONSUMER CREDIT t(Short- and Intermediate- term)

Total outstanding end of month mil of dol

Installment credit total do

Automobile paper doOther consumer-goods paper doRepair and modernization loans doPersonal loans __.do

624573

2,6171,516

374727

187, 36469, 67540, 718

50, 61525, 122

85223, 46621, 010

50, 61519, 88118, 750

43926, 170

45.6

57, 607

58, 9464,3991,477

20, 416

19. 251963

12, 917

36, 953

28. 8221,044

69820, 2306,8508,131

47, 74126, 2902,625

1,3028, 154

10, 197

2.503.054.17

2.453.003.63

2.4562.74

16, 5841,869

37, 848

28, 886

13, 4817,4871,6386,280

667588

2,6701,541

370759

162, 10757, 41335, 143

50, 61524. 920

63223, 48221,011

50, 61519, 65118, 428

26626, 029

46.0

56, 230

58, 3264,3192,391

20, 525

19, 331992

12, 526

36, 526

28, 272910586

20, 1036,6738,254

47, 69426, 3462,422

1,2878,224

10, 259

2.503.144.17

2.383.003.63

2.3722.65

16, 6511,849

37, 474

28, 915

13, 5747,3711,6286,342

660560

2,7261,568

355804

189, 79373, 21440, 132

50, 82225, 761

87223, 63621, 036

50, 82220, 31118, 799

52326, 098

45.3

55, 733

57, 1474,2544,342

20, 633

19, 4061,032

12, 691

36, 258

27, 995837708

19, 9266,5248,263

49, 37327, 7812,436

1,2928,341

10, 373

3.933.753.934.19

2.503.194.17

2.383.003.63

2.3102.83

16, 7951,829

37, 761

29, 112

13, 7437,3001,6316,438

628508

2,7911,591

348851

176, 76065, 71537, 763

50, 50925, 3071,204

23, 34521, 051

50, 50920, 09718, 784

45925, 971

45.7

55, 896

57, 2244,6323,343

20, 555

19, 3041,072

12, 964

35, 495

27, 357753588

19, 7586,2588,138

49, 95328, 0532,412

1,2988,430

10, 618

2.753.194.17

2.443.143.94

2.6133.11

16, 7951,808

38, 222

29, 419

13, 8927,3371,6436,547

643515

2,8481,617

334897

185, 58469, 45238, 766

50, 78325, 3771,160

23, 47421,085

50, 78319. 90418, 773

56926, 168

45.8

55, 521

57,3194,4513,669

20, 596

19, 3781,041

12, 224

34. 824

26, 873679544

19, 6006,0507,951

49, 90027, 7842,435

1,2778,503

10, 756

2.753.274.17

2.503.274.00

2.6503.04

16, 9001,787

38, 919

29, 763

14, 0597,4011, 6776,626

684476

2,9241,638

352934

186, 54070, 73338, 937

50, 71725. 219

23223, 75821, 109

50, 71719, 57518, 443

—626, 367

45.9

56, 210

57, 9604,3673,420

20,859

19, 6521,031

12, 966

34, 478

26, 582683358

19, 5056,0367,896

51, 14428, 8452,380

1,2718,606

10, 899

4.143.974.154.38

2.753.314.29

2.453.384.00

2.5272.87

17, 0921,765

39, 454

30, 084

14, 2557,4171,7006,712

723509

2, 9561,656

356943

181, 28465, 87338, 653

50, 32724, 868

45223, 43821, 151

50, 32719, 41618, 308

20426, 370

46.2

55, 556

57, 4924,1682,085

20, 780

19, 5961,004

13, 359

33, 684

25, 978498350

19, 2425,8887,706

50, 92528, 7342,269

1,2558,671

10, 864

2.753.334.33

2.433.274.00

2.3342.97

17, 0981,742

39, 478

30, 297

14, 3817,4211,7106, 785

772548

2,9871,675

375937

183, 81967, 27938, 206

50, 59325, 480

83223, 85421, 179

50, 59319, 91118, 888

51126, 510

45.6

55, 381

57, 0263,9283,648

20, 844

19,6611, 005

12, 909

34, 421

26, 576548

1,18719, 1235,7187,845

51, 12029, 1681,948

1,2358,738

10, 895

3.003.344.33

2.653.284.14

2.6063.36

17, 1351,720

39, 878

30, 644

14, 5307,4931,7346,887

805549

2,9801,689

397893

167, 15461, 22334, 057

51, 30925, 487

66423, 68021, 197

51, 30919, 92718, 831

38126, 546

45.6

54,915

57, 4483,8003,010

20, 921

19, 760971

13, 844

33, 857

25, 979486953

18, 9435,5977,878

51, 79829, 8491,930

1,2308,794

10, 871

4.354.204.394.53

3.003.424.46

2.883.504.38

2.8503.43

17, 227r 1, 699

40, 074

30, 707

14, 5337,4971,7586,919

843573

2, 9661,709

441816

193, 14070, 79440, 148

51, 39125, 236

53823, 76721, 223

51, 39119, 73418, 668

20926, 567

45.8

56, 069

58, 9804,0072,303

20, 912

19, 794929

13, 653

33, 668

25, 961818790

18, 8955,4587,707

51, 99229, 9311,975

1,2088,857

10, 900

3.003.514.46

2.883.634.38

2. 9613.29

17, 247» 1, 682

40, 196

30, 811

14, 4787,6011,7816,951

924568

2,9601,724

462774

185, 22366, 98939, 425

52, 14526, 267

51824, 38521, 227

52, 14520, 20919, 208

48927, 064

44.9

56, 632

59, 2963,9092,877

20, 640

19,556898

13, 609

33, 746

26, 1411,260

76238,8405,2797, 605

52, 46130, 4071,915

1,2058, 855

10. 956

3.003.714.50

3.053.634.38

3.0003.49

17, 372* 1,1664

40, 631

31, 024

14, 4497,7521,7977,026

967506

2,9711,744

457770

201, 87677, 49540, 912

52, 91026, 699

5024, 91521, 270

52, 91020, 24919, 059

-3027, 476

44.6

57, 629

61, 9664,1832,181

21,017

19, 919916

15, 609

34, 259

26, 7742 093

70318, 7565,2227, 485

53, 37531, 1372,130

1,2088,839

11, 069

4 384 224 404 58

3 003 894.63

3.353. 634.38

3.2303.65

17. 626p 1,648

41, 863

31, 552

14, 4368,1391,7937,184

1,012548

3, 0031,763

454786

204, 29376, 46042, 596

51, 85325, 195

66823, 42121, 562

51, 85320, 20318, 882' 365

26, 698

46.0

58, 076

59, 9514,211

790

21, 336

20, 214939

12, 625

33, 521

26, 1011,681

68018, 6585,0827,420

51, 77630, 2601,689

1.1828,790

10, 868

3.003 994.75

3.383.634.38

3.2103.40

17, 611p I , 621

40, 916

31,298

14, 3897,9381,7727,199

178, 04967, 03537, 551

51, 38724, 704

59522, 88721, 626

51, 38719, 56618, 576

P24726, 556

46.9

56, 370

59, 2284,0991,554

21, 554

20, 407964

12, 775

33, 259

25, 7231,461

74618, 6384,8787,536

51, 77930, 314

1,760

1,1488,762

10, 813

3.383.634.38

3.1653.33

17, 657^ 1, 599

T Revised. » Preliminary.<? Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.Q Includes data not shown separately.©For demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of

loans to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).§ For bond yields, see p. S-20JData through June 1956 are as of end of month; thereafter, as of end of consecutive 4-week periods ending in month indicated,j See corresponding note on p. S-17.


March 195T SUEVEY OF CUEEENT BUSINESS S-17


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

FINANCE—Continued

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

Total outstanding, end of month— ContinuedInstallment credit, total— Continued

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

Commercial banks doSales-finance companies. _._do .__Credit unions - doC onsumer finance companies do _ _ .Other _ _ do

Retail outlets, total _~ doDepartment stores doFurniture stores doAutomobile dealers doOther _ do

Noninstallment credit, total. ._ - do

Single-payment loans „ . „ „ „ . _ „ ^ _ . .doCharge accounts doService credit- . _ doBy type of holder:

Financial institutions _ _ _ _ _ _ ._ doRetail outlets doService credit do _

Installment credit extended and repaid:Unadjusted:

Extended, total doAutomobile paper doOther consumer-goods paper _ doAll other _ _do

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

Adjusted:Extended, total __ _ _ _ do .

Automobile paper doOther consumer-goods paper _ doAll other do

Repaid, total doAutomobile paper do _ _ _Other consumer-goods paper __doAll other do

FEDERAL GOVERNMENT FINANCE

Budget receipts and expenditures:Receipts total mil of dol

Receipts, net doCustoms do.--Income and employment taxes doMiscellaneous internal revenue _ do _.-All other receipts _ _ do

Expenditures, total doInterest on public debt doVeterans' services and benefits doMajor national security doAll other expenditures do

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

Interest bearing, total do. ._Public issues doSpecial issues do

Noninterest bearing doObligations guaranteed by U. S. Government, end

of month mil. of dolU. S. Savings bonds:

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

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

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

Commodities, supplies, and materials doU. S. Government securities doOther securities and investments __doLand, structures, and equipment doAll other assets _ do

Liabilities, except interagency, total do_ __Bonds, notes, and debentures doOther liabilities do

Privately owned interest doU. S. Government interest _ do

24, 44710, 6188,4361,6682,6701,055

4,4391,4711,018

5351,415

8,962

2,9203,9612,081

2,9203,9612,081

2,8851,192

760933

3,0191,179

899941

' 3, 432r 1, 448

••9261,058

' 3, 107' 1, 243

887977

4,9154,684

593,727

853275

5,274625401

3,0051,243

280, 049277,170233, 58443, 5852,879

53

58, 193645

1,126

24, 58710, 6688,4601.6972,7011,061

4,3281,4361,001

5381,353

8,559

2,9323,5302,097

2, 9323,5302,097

2,9181,236

731951

2,8891,143

847899

r 3, 317' 1, 390

883' 1, 044

' 2, 946r 1, 182

821943

7,1586,195

575,959

944198

4,950553398

3,214786

280, 108277, 295233, 60743, 6882,814

58

58, 166544660

24, 87010, 7968,5261,7322,7391,077

4,2421,377

984544

1,337

8,649

3, 0503,4692,130

3,0503,4692,130

3,3051,378

8211,106

3, 1081.209

8921,007

' 3, 167' 1,278

'8681,031

' 2, 894' 1, 131

'823••940

12, 49911,313

5911, 344

963133

5,399559400

3,2841,156

276, 345273, 481229, 74643, 7362,863

59

58, 169518604

i 58, 48520, 5807,3773,2308,1062,131

14, 1193,6773,6378,0568,417

i 6, 1992,4703,7291651

i 51, 635

25, 20811,0098,5751,7672,7731,084

4,2111,380

974548

1,309

8,803

3,0943, 5312,178

3,0943, 5312,178

3,3291,345

8941,090

3,0221,196

857969

' 3, 402r 1, 324

••966r 1, 112r 3, 142r 1, 256

^8691,017

5 5624,082

594,461

894147

5,387565406

3,2321,185

275, 789273, 078229, 68943, 3892,711

56

58, 137453571

25, 52811,1708,6411,8062,8051,106

4,2351,389

971554

1, 321

9,156

3,2583,7012,197

3,2583,7012,197

3,4701,407

9491,114

3,1261,240

8851,001

' 3, 255' 1, 250

'930r 1, 075

' 3, 060' 1, 224

'857979

7,1075,050

635,7801,014

251

5,467561432

3,4331,040

276, 729273, 977229, 63744, 3392,752

62

58, 110451571

25,96311, 3948,7651,8482,8451,111

4,1211,247

973562

1, 339

9,370

3,3353,8042,231

3,3353,8042,231

3,3901,391

8831,116

3,0691,195

8671,007

' 3, 049' 1, 175

'839r 1, 035

' 3, 006' 1, 156

868982

12, 59811, 601

5711, 255

967319

6,937602

P405v 4, 455P 1, 475

272, 751269, 883224, 76945, 1142,868

74

57, 857437815

i 78, 67719, 871' 6, 790'3,299

8,1722,208

21 8123,7193,695

17, 46312, 117

i 6, 2402 6563,5841 980

171,457

26, 19311, 4768,8491,8802,8801,108

4,1041,239

967568

1,330

9,181

3,2613,6742,246

3,2613,6742,246

3,3161,337

8721,107

3,1031,211

8681,024

'3,293«• 1, 246

'925' 1, 122

' 3, 158' 1, 227

8901,041

3 9273,485

632,601

970292

5,542627

» 368P 2, 951* 1, 595

272, 645269, 972224, 61845, 3532,674

74

57, 717484749

26, 47511, 5488,9531,9332,9201,121

4,1691,286

973575

1,335

9,234

3,2953, 6962,243

3,2953,6962,243

3,5041,393

9521,159

3,1571,244

8801,033

' 3, 350' 1, 258

'951' 1, 141

' 3, 145' 1, 212

8911,042

5 9594 954

644,7721,030

93

5,902567

P383*3 580* 1, 371

275, 565272, 959226 90546, 0542 606

79

57, 661436582

26 55111, 5488,9891,9602,9241,130

4,1561,269

970576

1,341

9,367

3,3613,7802,226

3,3613,7802,226

2,9811 150

840991

2 9181,147

836935

' 3, 153' 1, 191

8831,079

'3 085' 1, 184

'8921,009

6 8976 218

605,846

869122

4,918570

*345v 3, 153

»850

274, 261271, 660225 82745, 8342 601

85

57, 583355523

26 63511, 6068,9731,9942,9381,124

4,1761,269

974574

1,359

9,385

3,3103, 8752,200

3,3103,8752,200

3,3821 2841,0101,088

3,2781, 339

9061, 033

' 3, 363' 1, 308

9421,113

' 3, 182' 1, 283

'882' 1, 017

3 6603 184

752 1851,149

250

5,995582

»401»3 778* 1, 234

275, 283272, 720227, 23845, 4822 563

89

57, 439414644

26 84611 6349,0752 0212,9611 155

4 1781,230

988573

1 387

9 607

3 4014 0292 177

3 4014 0292 177

3 3871 2251 0371 125

3 1741 254

8861 034

3 4531 354

9731 126

3 1601 231

9041,025

5 7054 818

634 4781,014

150

5 726580

P412v 3 536» 1, 199

277 017274, 471228 74945, 7222 546

94

57 231389692

27 03811 6829,1002 0483,0491,159

4,5141,4071,020

5721,515

10, 311

3,4214,7022 188

3,4214,7022,188

3,7351 1951,2661,274

3,2071,208

879r 1, 120

3,3681,311

9391,118

3,1851,236

9181,031

5 8985 412

594 570

894374

5 718631

J» 410v 3 571v I 106

276 628274, 219228 58145 6392 408

103

57 018390728

26 93111, 6169,0772,0453,0411,152

4,3671,380

975568

1,444

9,618

3,3604,0852,173

3,3604,0852,173

3,1541 258

8521,044

3,4081,3051,0531,050

3,6131,4771,0001,136

3,3851,3261,0091,050

5 2794 809

643 903

978333

6,095651

» 415»3 755» 1, 274

276 229273, 698228 36745, 3312 531

107

56 570496

1 070

276 269273, 919228 44945, 4702 350

109

56, 317386728

r Revised. * Preliminary. 1 See note marked "f".% Revised to adjust to new survey and census information. For credit outstanding, the revisions begin with 1948 (except data for consumer finance companies which are separately available

from September 1950 only); for credit extensions and repayments, the revisions begin with 1940. See the October 1956 Federal Reserve Bulletin for all revisions prior to September 1955.t Figures beginning with the 1st quarter of 1956 are not comparable with those through 1955. They are the revised series reflecting expanded coverage and new classification of agencies now

reporting to the Treasury under Department Circular No. 966. Moreover, the 1956 data for the 1st and 2d quarters are not directly comparable, since those for the 2d quarter cover additionalactivities. The revised data cover the condition of public-enterprise and intragovernmental funds, certain other activities of the U. S. Government, and certain deposit and trust revolvingfunds. Interagency items are excluded except in the case of trust revolving funds.


S-18 SUEVEY OF CURRENT BUSINESS March 1957


1956

Janu-ary

Febru-ary March April May June July August Septem- October Novem-

berDecem-

ber

1957

Janu-ary

Febru-ary

FINANCE—Continued

LIFE INSURANCE

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

mil. of dolBonds (book value), domestic and foreign, total

mil. of dol.U S Government doState, county, municipal (U. S.) - -__ _ doPublic utility (U. S.) doRailroad (U. S.) doIndustrial and miscellaneous (U. S.) do

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

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

Mortgage loans, total doNonfarm do

Real estate doPolicy loans and premium notes doCash doOther assets do

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

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

New England doMiddle Atlantic doEast North Central doWest North Central doSouth Atlantic doEast South Central doWest South Central doMountain .. doPacific do

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

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

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

Accident and health doAnnuities do

Industrial doOrdinary v do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U S (end of mo ) mil of dolNet release from earmark § . _ doExports thous. of dol_.Imports _ _ do _Production, reported monthly total 9 do

Africa _ doCanada doUnited States do

Silver:Exports do _ _Imports . » doPrice at New York dol per fine ozProduction:

Canada© thous of fine ozMexico doUnited States do

Money supply (end of month) :Currency in circulatifvn mil. of do!Deposits and currency, total do

Foreign banks deposits, net _ do _ _U S Government balances do

Deposits (adjusted) and currency, total^ doDemand deposits, adjusted^ doTime deposits, adjusted^ doCurrency outside banks do. __

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

New York City ratio of debits to deposits. _6 other centerscfj - - do _337 other reporting centers t - - - do

PROFITS AND DIVIDENDS (QUARTERLY)

Manufacturing corporations (Fed. Trade and SEC):1

Net profit after taxes all industries mil of dolFood and kindred products doTextile mill products doLumber and wood products (except furniture)

mil of dolPaper and allied products. do

90, 842

47, 9678,3932,125

13, 5793,840

17, 522

2,9301,7191,199

29, 80027, 5262,5683,3071,1673,103

3,726850437

2,43916858653519428510422289

262

522.8204.959.310.254.476.9

117.1

21, 693—8.2

30711, 74371,20046,30013, 0004,800

3544,208.904

2,2813,7183,249

30, 228221,000

3,1003,600

214, 400108, 90078, 40027, 100

45.729.521.7

91, 240

48, 0368,2362,144

13, 6143,849

17,680

2,9481,7271,210

30, 10227, 7992,5893,3241,0543,187

3,686596510

2,58017960756220031411123892

285

451.4192.552.68.8

40.776.880.0

21, 695—15.7

10818, 70468, 90045,60012, 4004,600

1305,325.909

2,0943,7013,615

30, 163219,900

3,0005,400

211, 600105, 60078, 80027, 200

41.127.521.0

91,543

48, 0088,0452,153

13, 6183,873

17, 798

2,9771,7291,237

30, 38328, 0552,6093,3451,0403,181

4,5891,025

5712,993

196698651235366132274113339

508.2207.955.09.3

40.083.7

112.3

2, 284. 5328.9277.7253.1245.9

1, 178. 8

21, 716—2.9

84312, 28274, 90049,90013,5005,000

2168,970.911

2,2973,2413,790

30, 339221,600

3,0007,800

210,800104,40079, 30027, 200

47.229.720.8

3,850234110

51162

92, 025

48, 1648,0852,153

13, 6533,852

17, 900

2,9801,7291,239

30, 65128, 301

2,6243,3651,0673,174

4,188847512

2,829176630608216365132274106330

479.5205.553.69.7

41.685.283.9

21, 74316.9491

10, 39073, 90049,90012,9004,700

42213, 388

.909

1,7593,4462,898

30, 210221,200

3,0005,800

212,400106, 10079, 30027, 000

45.430.121.5

92, 478

48, 2127,9862,140

13, 7073,850

18,002

2,9741,7251,237

30, 99128, 6122,6463.3851,0863,184

4,5431,014

5812,948

195646628226363126295119351

505.5212.355.99.6

41.786.499.6

21, 7721.8611

25, 94977. 70052, 10013, 1005,400

42913, 985

.908

2,4633,9772,905

30, 513221, 200

3,0007,000

211, 200104, 20079,60027,400

46.028.721.7

92, 876

48, 2797,9212,148

13, 7623,854

18, 059

2,9641,7261,226

31, 28428, 8842.6733,4091,0783,189

4,344915538

2,891189673600225361124275111334

466.0185.852.68.9

41.581.096.2

2, 243. 3357.3247.5238.5213.9

1, 186. 1

21, 79929.9360

18, 76777, 70052, 20013, 4005,100

28110, 695

.905

2.4943,0322,501

30, 715223,585

3,1156,827

213,643104,74480, 61528, 284

47.028.921.6

1 4, 17529371

72171

93, 580

48, 5947,8862,191

13, 8353,853

18, 256

2,9951,7271,254

31, 61229, 1882,7113 4001,0933, 175

4,251931503

2,817184637599221349122256107341

469.6204.751.09.3

43.879.181.7

21, 83043.9421

5,262

52, 80012, 3005,900

27211, 647

.901

2,2673,6323,828

30, 604p 221 ,400

v 3, 100v 5, 000

* 213,300p 105,200P 80, 700P 27, 400

45.929.622.4

93, 992

48, 6657,7782,206

13, 9033,853

18, 340

2,9981,7241,260

31, 89729, 4542,7273,4201,0643,221

4,5441,160

5262,858

182618622235353125263113347

478.3203.949.59.3

41.984.189.6

21, 85843.2

944,804

53, 40012, 3006,300

21511, 723

.906

2,3154,1243,035

30, 757p223, 000

p 3, 100P 7, 100

p 212, 800v 104, 500P 80, 900p 27, 500

44.427.421.3

94, 411

48, 7997,8052, 213

13, 9053,850

18, 426

2,9681,7001,253

32, 11129, 6562,7483,4401,0773,268

4,140981525

2,634171598572209321119241105299

425.0171.845.98.8

38.873.186.6

2, 259. 6354.6270.9249.7209.2

1, 175. 1

21, 88486.9

22, 0964,091

52, 20012,4006,000

60016, 743

.908

2,5183,5202,828

30, 768P224, 000

P 3, 200P 6, 800

P214, 100P105, 400P 81, 300P 27, 400

44.827.422.0

*3, 64631382

60157

94, 869

48, 9707,8502,218

13, 9143,845

18, 537

2,9621,7001,247

32, 39929.9382,7783,4611,0933,206

4,792963549

3,280213789701258403139290119369

516.6223.257.79.9

45.595.884.5

21, 910—34.3

2504,845

52, 70012,9006,200

96814, 081

.912

2,3793,9063,454

30, 839P 224, 800

P 3, 100p 5, 100

P216, 600P107, 400P 81, 500P 27, 700

45.228.422.1

95, 274

48,9837,7492,229

13,9633,842

18, 581

2,9701,7011,254

32, 70930, 2432,8133,4831,1093,207

4,742863512

3,367215838732260412145281114370

473.1197.556.39.1

44.186.080.1

21, 910105.7

23812, 740

12, 9005,600

1,3299,435.914

2,4303,7322,886

31, 424P226, 900

p 3, 400p 6, 500

P217, 100P108, 200P 80, 900P 28, 000

48.331.023.6

95, 819

49, 0587,5322,237

13, 9973 839

18, 807

2,9061,6341,257

33, 01730 5462,8093 5031,2733 253

7,0622 726

5363 800

224919816310442152332160445

590 9209 063 78 9

38 194 9

176.3

21 94951.2353

3,090

12 8004,600

2728,869

914

2 3573 0483,168

31, 790P229 800

P 3, 400p 5 500

P220, 900pllO 700p81 900P 28. 400

51.8••29.9••23.3

4,269682464

3,123210738673249364131295110354

22, 252295.9

88, 38634, 498

2,4059,101.914

2,997

30, 614P226 000

p 3, 100P 3, 300

P219, 500pl09 200P 82, 900P 27, 300

48.3P29.9P22. 5

.914

48.9p30. 7p22. 9

r Revised. p Preliminary. 1 See note marked "t" on p. S-19.©Revisions for insurance written for January-August 1954 are shown in the November 1955 SURVEY. Revisions for silver production in Canada for January-September 1954 are shown

in the December 1955 SURVEY, those for January-July 1952 in the April 1956 issue; those for January-December 1955 (thous. fine oz.): 2,232; 2,011; 2,414; 2,324; 2,256; 2,383; 2,347; 2,471; 2,416;2,473; 2,214; 2,443, respectively. ©Includes revisions not distributed by regions.

§ Or increase in earmarked gold (—). 9 Includes data not shown separately.^ The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.cflncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. t Revisions beginning with 1943 appear on p. 24 of the October 1955 SURVEY.tSee corresponding note on p. S-19.Digitized for FRASER

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



1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

FINANCE—Continued

PROFITS AND DIVIDENDS— Continued

Manufacturing corporationsf— ContinuedNet profit after taxes— Continued

Chemicals and allied products mil. of dol__Petroleum refining doStone, clay, and glass products doPrimary nonferrous metal doPrimary iron and steel _--do_-Fabricated metal products (except ordnance,

machinery, and transport, equip.) mil.ofdoLMachinery (except electrical) doElectrical machinery do -Transportation equipment (except motor vehicles,

etc) - - mil. ofdolMotor vehicles and parts doAll other manufacturing industries do

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

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

SECURITIES ISSUED

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

capital and refunding) _ mil. ofdolNew capital, total do

Domestic, total do _Corporate doFederal agencies do _ _ .Municipal, State, etc - - - do

Foreign do

Refunding, total 9 doDomestic, total . do

Corporate doFederal agencies doMunicipal, State, etc do

Securities and Exchange Commission:Estimated gross proceeds total - do

By type of security:Bonds and notes, total - do

Corporate doCommon stock _ doPreferred stock do

By type of issuer:Corporate total 9 do

Manufacturing doMining - - doPublic utility _ -_ doRailroad - doCommunication _ doReal estate and financial do

Noncorporate, total 9 doU S Government doState and municipal do

New corporate security issues:Estimated net proceeds total - do

Proposed uses of proceeds:New money total do

Plant and equipment doWorking capital do

Retiremen t of securities _ _ doOther purposes - - do

State and municipal issues (Bond Buyer):Long-term thous. of dol- _Short-term do

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. MembersCarrying Margin Accounts)

Cash on hand and in banks mil of dolCustomers' debit balances (net) doCustomers' free credit balances doMoney borrowed. _ . do

BondsPrices:

Average price of all listed bonds (N. Y. S. E.),total§ . _ _ dollars__

Domestic doForeign do

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

Composite (17 tonds) _ dol. per $100 bond__Domestic municipal (15 bonds) do

U. S. Treasury bonds, taxable. doSales:

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

Market value thous. of dolFace value do _ _

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

1,3001,0131,001

45614639812

28728749

2344

1,710

1,6195297319

6212101366193

267

1,089645407

611

4961783173283

406, 800196, 298

2,822905

2,170

98.0098.3178.79

113.3121.395.40

104, 729105, 143

103, 410103, 482

1,3301,1941,180

53230

61814

136136289018

1,998

1,731478139128

74422623

2003137

196

1,253544709

730

6643882762640

709, 444357, 195

2,774913

2,189

97.8298.0879.52

113.9122.495.94

109, 660105, 230

108, 284103, 480

442639135241376

146321163

96400334

1,667

374

1,4501,1751,175

74942

3830)

27527520

24114

1,787

1,60267514342

86127822

19047

122136

927518401

846

7625252365628

400, 650248,649

2,817960

2,177

96.3296.5679.36

113.2120.394.88

120, 682121, 514

119, 104117, 469

1,876

1,63467321032

91534210

2991415

175

962453391

898

70248222082

114

390, 541124, 807

2,821896

2,189

95.5095.7479.14

111.2116.992.86

110, 399114, 574

109, 126112, 538

2 128

1,92698313765

1 18548735

3393982

112

943451491

1 165

1 1169481672128

490, 526252 071

2 847870

2,228

96.4896.7578.23

110.6117.394.40

104, 178107, 082

101, 703104, 670

456657195245392

170425190

125313400

1,733

321

2,161

1,93266117950

88930759

2393312

191

1,272437736

873

7684463224361

736, 386175, 825

3222,811

8372,266

96.3996.6578.79

110.5119.295.03

81, 71784, 454

80, 52283, 100

1,975

1,77691118315

1,10934679

24410

263104

865484379

1,093

1,0127582542753

378, 535194, 625

2,843858

2,242

95.2295.4678.92

110.2118.693.94

' 82, 802r 83, 150

81, 26181, 480

1,508

1,3655659250

70822081

1572284

110

800436213

695

56338617725

107

213, 238207, 418

2 819872

2,086

93.8694.1077.61

108.4116.091.81

101, 631100, 885

99, 22898. 165

414669185194156

167365187

105166427

1,676

302

1,591

1, 37368218633

90025442

2515557

218

691355336

883

8025142884734

335, 930178 780

2 816866

2,113

93.5293.7677.46

105.8113.891.43

86, 56886, 673

85, 56185. 454

1 898

1 610491149139

78034515

231296960

1 118414646

762

6605061541587

r 645, 718r294 244

2 784835

2,131

93.0993.3377.35

105.2112.891.53

83,60689, 818

82, 29288. 320

1,829

1,158453627

44

1 12517078

15639

60038

705389311

1 112

1 0429111312447

311, 354327 959

2 817822

2,114

92.1492.4275.09

103.7109 090.22

96, 407101, 520

95, 082100. 010

r 1 967r 1 760

92019116

1 12654317

1604479

155

r g41390390

1 111

1 0407243151754

427 298148 455

336r 2 866

r878r 2, 195

91 5991 9171.94

102 8108 188 74

144 608152 555

143 305150. 956

2 365

2,19590814228

1 078392

252375196

214

1 287496637

1 058

9987562421941

685 472325 574

3 903866

2,006

93.3393. 6973.00

102.8108 689.96

116 182120, 730

114, 750119. 016

0496 565'406 720

110 991.57

r Revised. *> Preliminary. 1 Less than $500,000.fData beginning with 2d quarter of 1956 are based on a new sample and are not entirely comparable with earlier figures. Data for 2d quarter of 1956 based on former sample appear in

the December 1956 SURVEY.9 Includes data not shewn separately.§ Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds,




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

FINANCE—Continued

SECURITY MARKETS— Continued

Bonds— Continued

Sales— ContinuedNew York Stock Exchange, exclusive of stopped

sales face value total§ thous. ofdolTJ S Government doOther than U S Government total§ do

Domestic doForeign do._

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

Domestic doForeign _- do _

Face value total all issues! doDomestic doForeign do

Yields:Domestic corporate (Moody's) percent- _

By ratings:Aaa - doAa doA doBaa _ do

By groups:Industrial doPublic utility doRailroad do. _

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

U. S. Treasury bonds, taxable do

Stocks

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

Finance doManufacturing doMining doPublic utilities:

Communications doElectric and gas do

Railroad doTrade doMiscellaneous do

Dividend rates, prices, yields, and earnings, commonstocks (Moody's):

Dividends per share, annual rate (200 stocks) .dollars. _Industrial (125 stocks) __ doPublic utility (24 stock?) doRailroad (25 stocks) _ . _ __ doBank (15 stocks) doInsurance (10 stocks) _ _ __do

Price per share, end of month (200 stocks) 9 - --doIndustrial (125 stocks) __ . do.Public utility (24 stocks) doRailroad (25 stocks) _ . _ do

Yield (200 stocks) percent--Industrial (125 stocks) . do.Public utility (24 stocks) doRailroad (25 stocks) _ _ _ do...Bank (15 stocks) doInsurance (10 stocks) do

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

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

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

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

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

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

Capital goods (128 stocks) doConsumers' goods (195 stocks)- do

Public utility (40 stocks) doRailroad (20 stocks) do

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

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

Shares sold thousandsOn New York Stock Exchange:

Market value mil of dolShares sold thousands

Exclusive of odd lot and stopped sales (N. Y.Times) thousands..

Shares listed, New York Stock Exchange:IVtarket value all listed shares mil of dolNumber of shares listed millions

94, 0440

94, 04489, 4484,560

105, 598103, 572

1,371107, 752105, 357

1,740

3.30

3.113.193.303.60

3.233.283.40

2.482.642.86

808.7164.5269.5

9.7

136.587.040.191.59.9

5.225.722.273.863.343.65

123. 96140. 1149.1070.76

4.214.084.625.464.402.84

4.03

168. 18474. 7563.60

157. 94

322.9371.7373.0275.8152.9249.4160.9308.1

2,88693, 041

2,46362, 227

47, 197

202, 3363,862

82, 2790

82, 27978, 3713,886

105, 444103, 510

1,286107, 799105, 536

1,618

3.28

3.083.163.283.58

3.203.263.37

2.492.582.82

323.6110.398.13. 6

1.575.212.418.14.4

5.245.722.283.863.343.87

128. 19145. 5349.6673.45

4.093.934.595.404.412.87

3.99

168. 93475. 5265.00

157. 96

324.4372.8372.7272.6155.4249.6155.5307.4

2,56981, 242

2,18153, 134

46, 401

209, 5593,898

99, 98715

99, 97294, 8825,051

103, 832101, 920

1,275107, 800105, 548

1,607

3.30

3.103.183.303.60

3.243.273.37

2.642.692.90

1, 607. 1102.7

1, 088. 5115.0

41.1120.368.542.328.7

5.255.732.323.863.363.87

136.18155. 9051.3876.94

3.863.684 525.024.362.72

10.903.276.27

4.01

176. 71502. 6767.05

167. 71

346.7401.3403.8286.5158.6264.9159.5332 5

3,832131, 821

3,24787, 135

60, 363

223, 8874,063

98, 379200

98, 17993, 0465, 134

102, 899100, 995

1,276107, 743105, 486

1,613

3.41

3.243.303.413.68

3.373.383.47

2.762.883.05

707.1125.6248.3

9.2

138.892.923.661.37.4

5.275.762.323.893.363.87

136. 10156.1449.7478.32

3.873.694.664.974.352.89

4.15

180. 80511. 0466.20

172. 87

351.1408.0406.2280.9156.2270.5160.4321.0

3, 453119, 218

2,91373,888

54, 106

224,6824,075

91, 8340

91, 83487,1544,676

104,115102, 227

1,259107, 910105, 656

1,609

3.46

3.283.343.473.73

3.403.443.53

2.622.862.93

288.956.9

130.12.1

1.275.87.29.46.2

5.285.772.323.933.363.87

127. 77145. 4049.1072.61

4.133.974.735.414.523.07

4.22

177. 74495. 2065.69

173.33

344.2399.2394.1271.1154.5269.1156.3300.6

3,342111,969

2,82073, 774

53,230

211,8964,123

68,0810

68, 08163, 0205,061

104, 289102, 394

1,270108, 199105, 942

1,612

3.46

3.263.353.483.76

3.393.443.56

2.562.752.89

1, 623. 3109.1

1, 078. 3128.7

41.0122.866.050.427.0

5.295.772.323.933.364.01

131. 94151.1149. 5573.51

4.013.824.685.354.413.19

10.653.329.03

4.17

173. 76485.3366.24

165. 97

340.5396.6390.9271.5154.4257.2158.3294.8

2,51987, 930

2,14060, 213

37, 201

218, 5794,260

73, 1260

73, 12668, 0905,036

103, 137101, 239

1,276108, 314106, 053

1,616

3.50

3.283.393.523.80

3.423.483.59

2.712.782.97

731.8147.9254.1

8.0

140.594.716.661.78.3

5.355.852.323.933.364.01

138. 29158.9851.9874.92

3.873.684.465.254.253.05

4.16

180. 77509. 7669.70

168.35

356.5417.3414.8283.7157.4259. 9161.8298.0

2,883101, 691

2,43468, 752

45, 712

229, 4234,314

79, 7900

79, 79075, 6474,133

101, 56699, 7031,252

108, 210105, 952

1,613

3.62

3.433.503.633.93

3.553.603.72

2.902.943.15

292.864.3

122.93.3

1.276.36.5

10.38.0

5.355.852.323.973.394.01

133. 20152. 7250.3670.22

4.023.834.615.654.243.20

4.24

180. 38511.6970.00

165. 00

357. 3418.0419.4284.1159.0253.9164.3297.4

3,15597, 039

2,67061, 630

44, 532

221, 1604,333

73, 7400

73, 74070, 0813, 659

100, 58898, 7281,251

107, 555105, 295

1,615

3.75

3.563.633.734.07

3.683.733.83

2.903.073.19

1, 591. 4105.3

1, 080. 9117.9

40.9120.359.942.323.9

5.365.862.323.973.394.01

126. 56145. 0648.4266.92

4.244.044.795.934.173.34

8 80r 3 35r8.02

4.39

173.96495. 0167. 67

157. 98

343.6401.6404.3278.6154.7240.1168.7279.8

2 43681, 802

2,06454, 661

37, 227

210, 0154,380

76,8806

76 87472, Oil4,863

100 29198, 510

1,247107, 736105 554

1,612

3. 82

3.593.693.814.17

3.753 823.89

3.083.143.18

749.8142.6269.6

9.5

140 596.119 361.910.3

5.395.892.333.983.454.01

127. 34146. 1748.4668.22

4.234.034.815.834.233.22

4.42

171.12483. 8066.08

158. 96

336.8393.6396.5275.2151. 0241.2170.6280.4

2 61989, 935

2,24762, 299

40, 342

211, 6274,402

105, 81029

105 781100, 601

5,180

99 38297,6631,211

107, 861105 677

1,613

3.90

3.693.763.904.24

3.823.864.01

3.243.383.30

314.479.7

127 66.4

1 278.03 4

10.77.4

5.385.882.374.053.454.01

126. 44145. 0448.7267.24

4.254.054.866.024.373.30

4.56

169. 73479. 3466.71

155. 81

334.3389.8393.6268.7152.1237.7167.2280.2

2 79789, 818

2,40461,537

43, 550

211, 4124,420

124, 985103

124 882120 353

4,525

99 02297 3581,159

108 109105 929

1 611

3.99

3.753.853.984.37

3 953.934.08

3.233.443.43

2, 217. 4267.7

1, 372. 9217.0

45 3130.391 555.836.9

5.395.882.374.063.543.99

130. 66150.7448.9667.59

4.133.904.846.014.413.28

P 11 65p 3.39J>9.91

4.63

172. 41492. 0167.61

154.41

339.6397.6404.3266.9151.2236.2165.7271.7

2 642r 96, 157

2,27264,816

46, 422

219 1764,462

94, 060o

94 06089 4584,590

100 95199 2531,165

108, 165105 933

1,596

4.04

3.773.894.014.49

4.023.984.12

3.073.4033.3

5.435.902.404.133.523.99

* 125. 90142. 8050.0565.97

4.314.134.806.26

M.443.15

4.51

171. 73485. 9069.73

152. 75

334.9389.4395.3260.8155.7235.7167.4279.2

3 035113, 712

2,58977, 245

48, 161

211 9974,489

3.99

3.673.833.994.47

3.943.974.06

3.053.263.20

5.445.912.414.113.523.99

122. 54138. 5349.9862.74

4.444.274.826.554.593.10

4.47

165. 68466. 8470.44

143. 02

321.9372.1374.9252.3156.3222.2161.0288.3

37, 575

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

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




1956

Janu-ary



Decem-ber

1957

Jan-uary

Febru-ary

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)*

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

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

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

Balance on goods and services do

Unilateral transfers (net), total doPrivate — _ doGovernment do

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

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

FOREIGN TRADE

Indexes

Exports of U. S. merchandise :tQuantity 1936-38=100..Value doUnit value do

Imports for consumption :tQuantity doValue doUnit value do

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

Unadjusted 1924-29=100Seasonally adjusted __do

Total, excluding cotton:Unadjusted doSeasonally adjusted do

Imports for consumption:Unadjusted doSeasonally adjusted. do

Shipping Weight

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

Valuet

Exports (mdse.), including reexports, totall.mil. of dol~By geographic regions: A

Africa. thous. of dolAsia and Oceania doEurope do

Northern North America do ._Southern North America ._ doSouth America do

Bv leading countries:AAfrica:

Egypt doUnion of South Africa _ do

Asia and Oceania:Australia, including New Guinea ___ doBritish Malava_ ___ doChina, including Manchuria... do _..India and Pakistan __ doJapan doIndonesia _ _ _ d o ...Republic of the Philippines do .

Europe:France... doEast Germany _ _ doWest Germany do ._Italy doUnion of Soviet Socialist Republics doUnited Kingdom do .-

North and South America:Canada do ..

Latin American Republics, total 9 ...doArgentina doBrazil doChile _ do

Colombia do ..Cuba _ _ doMexico.. doVenezuela _ do .-

246520211

179511285

0)0)

0)0)

115112

7,41310, 830

1, 279. 8

51,011179,316376, 214

264, 528142, 175132, 842

5,77024, 519

12, 3753,191

020, 68544, 0737,826

22, 172

33, 61414

51, 15340, 439

474, 184

264, 499

259, 0568,070

21, 3397,966

25, 38937, 56057, 21945, 410

259552213

176505287

110109

7,08310, 116

1, 358. 6

66, 698187, 970351, 660

304, 243152, 727150,971

20, 09723, 186

14, 5114,035

022, 25451, 6986,958

26, 035

39, 5120

49, 23141, 3031,243

59, 219

304, 243

287, 79316, 43325, 4757,253

28,30539, 46366, 82150, 345

5,969654

3,936598781

4,8443,249

152732711

+1, 125

-1, 200-118

-1,082

-546-427-119

+610-12+23

304642212

181523289

117105

7,83510, 377

1, 578. 3

80, 029239, 232387, 801

348, 980174, 236180, 294

18, 67231,975

16, 5834,744

042, 44959, 5359,059

27, 114

43, 13018

62, 03340, 170

12367, 570

348, 962

334, 49121,31627, 95211, 247

35, 93651, 98867, 64557, 860

290614212

165476289

9792

9,67810, 658

1, 509. 9

56, 912229, 938399, 872

352, 808160, 202142, 414

10, 23020, 409

12, 0794,122

030, 14967, 6968,907

26, 401

39, 15751

54, 81437, 120

34767, 940

352, 785

287, 04114, 47518, 4209,371

26, 64938, 99571, 41450, 602

328692211

181522288

98101

11, 24113, 177

1, 699. 9

64, 397254, 032444, 831

375, 145163, 335149, 863

11, 48622, 552

12, 6034,936

030, 73978, 26610, 83427, 090

52, 42639

70, 40941, 035

37965, 989

375, 140

295, 51614, 14219, 86010, 407

31, 63840,12871 18351, 731

7,0231,093

4,406633891

5, 0533,165

146832910

+1, 970

-1,711-119

—1, 592

-868—661—207

+553—103+159

325687211

174501287

100106

11, 91912, 813

1, 687. 4

54,040247, 888433, 200

348,011169,658171, 726

7,91223,180

13,3953,841

034, 08272, 5308,457

28, 075

52, 90547

63, 42938 524

60164, 182

348, 003

324, 02219 61324, 03712 087

33 21740, 95676 99254, 955

312657210

177509288

110119

11, 18512, 436

1, 612. 8

48, 917235, 461339, 835

306, 108145, 690151, 974

6 51318, 454

13, 0822,761

033, 74363 48711, 17324, 594

44 665113

49, 87133 480

28550, 372

306, 103

280, 97919 25125 03313 633

25 82333 43966 08945, 613

297618208

178508286

98104

12, 67613, 866

1, 516. 8

46, 959230, 911401, 564

308, 429156, 235167, 468

3,30419, 785

11,3753,717

036, 16768 01614,17324, 983

47 9140

62, 64838 191

4962, 413

308 421

306, 68721 45127 95113 966

26 58741 54867 00750. 892

' 6, 119447

' 4, 087r 678••907

r 5 070r 3, 146

r!53'654

T 1 117r+l 049

«• -956' -126

—830

' -965T —780

—185

'+820—163

r +215

295618210

169485288

99101

11, 738T 12 361

1, 517. 9

46 623224, 719461 101

311 860148, 297160 805

4 75919 313

19, 1734 169o

26 01664 72814 93127 046

49 0720

67 61962 667

12388 488

311 859

291, 55016 71225 67818 320

25 99941 10158 75450, 055

320674211

192551288

9696

2 12, 5112 13 833

1, 656. 1

44 535276 778458 429

368 217171, 619168 852

2 60318 798

18 5253 548o

34 21297 63815 82028 931

47 68664

71 59351 444

6692 421

368 215

322, 37316 74725 20816 487

24 85047' 64972 92058, 365

292618219

169487289

8487

1 516 7

33 484230 302410 464

355 424172 274150 461

1 01714 773

15 1882 663o

30 3^490 47712 50324 363

39 957%

65 87934 404

1487 484

355 418

302, 75617 13821 33815 105

15 40842 49280 61955, 166

6,845416

4 845716868

4 gig3 203

159688769

+2 026

—1 055—140—915

—987878

—109

—18026

+222

379812214

176509289

9493

r 1,993 1

55 927364 154670 328

320 302200 869199 789

2 37624 615

20 4614 720o

63 822119 39219 14131 467

66 861o111 67966 151

5S5121 991

320 300

372, 06026 60729' 74818 580

15 14356 16174 09977! 829

1 674 9

r Revised. * Preliminary. 1 Revised indexes will be published later. 2 Revisions for October 1955 (thous. long tons): Exports, 10,116; imports, 11 267{Revisions for 1st quarter 1953-lst quarter 1955 for balance of payments and for January 1954-July 1955 for foreign trade will be shown later.©Adjusted for balance-of-payments purposes, mainly for valuation coverage and timing. cfExcludes military expenditures.§ Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments are as follows (mil. dol.): January 1956—January 1957

respectively—82.0; 89.8; 104.3; 112.0; 184.3; 198.8; 330.8; 152.3; 99.9; 101.3; 107.9; 103.2; 87.1.AExcludes "special category" shipments. 9 Includes countries not shown separately.

418765—57 6Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued

FOREIGN TRADE-Continued

Value t — Continued

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

Crude materials - - thous. ofdolCrude foodstuffs doManufactured foodstuffs and beverages 9 doSemimanufactures 9 - _-do.-_Finished manufactures 9 - do

By principal commodities:Agricultural products, total© ._ do

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

Nonagricultural products, total© _-___mi l . of doL.Automobiles, parts, and accessories

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

Machinery total §© doAgricultural _ _ _ doTractors, parts, and accessories - do.__Electrical _- doMetalworking§ doOther industrial - do

Petroleum and products _.do__ -Textiles and manufactures - _ _ d o _ - _

General imports, total mil of dolBy geographic regions:

Africa thous. of dolAsia and Oceania _ _ _ doEurope doNorthern North America _ doSouthern North America doSouth America „ _ do

By leading countries:Africa:

Egypt _ - doUnion of South Africa _ do

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

Europe:France doEast Germany,. _„ _ doWest Germany doItaly.. - _ do__Union of Soviet Socialist Republics doUnited Kingdom . _ do

North and South America:Canada - _. -do

Latin American Republics, total© _do__Argantina doBrazil doChile . . .._ doColombia doCuba do __-Mexico _ _-doVenezuela do

Imports for consumption, total mil. of dolBy economic classes:

Crude materials thous. ofdolCrude foodstuffs doManufactured foodstuffs and beverages... _-do _Semimanufactures _ doFinished manufactures d o _ _ _

By principal commodities:Agricultural products, total© do

Cocoa or cacao beans, incl. shells doCoffee.- -_ _ - __ doHides and skins doRubber, crude, including guayule doSugar .__ do __.Wool and mohair, unmanufactured do

Nonagricultural products, total© . _ _ _ doFurs and manufactures -do

Nonferrous ores, metals, and manufactures, totalthous. of dol__

Copper, inr.!T orfi and mamifafltnrfts doTin, including ore do

Paper base stocks _ - doNewsprint _ _ doPetroleum and products do

1, 266. 9

144, 94477, 75689, 135

197, 527757, 564

256, 80615,80722, 23076, 31026, 79133, 837

1, 010. 1

113, 59289, 83846, 51077, 110

271, 3609,213

30, 67171, 30018, 829

129, 241

50, 68146, 554

1. 074. 3

50, 048206, 715250, 778221, 768142, 320202, 683

1,4118,365

15,12823, 7811,006

25, 44350, 30522, 49124, 483

20, 921775

38,90917, 7451,490

49, 886

221, 750

314, 59417, 23259, 61810, 66333, 85235, 12838, 37756, 506

1, 048. 6

269, 457181, 590

95, 817254, 004247, 709

379, 54721, 239

122, 1525,269

49, 14039, 08228, 486

669, 0309,224

110, 60828,39316,35029,36155, 838

105, 804

1, 345. 1

125, 24776, 23196, 185

215, 776831,690

242, 95018, 55625,22474, 12924,64822, 169

1, 102. 2

136, 25596, 81642, 32983, 924

294, 19810, 89533, 56774, 17917, 060

145, 806

43, 74852, 812

1, 050. 2

62, 122181,062228, 231218, 143141, 184219, 504

3,55111, 120

12, 00222, 919

87422, 50536, 71817, 20021, 097

19, 047742

34, 51414, 338

45557, 140

218, 043

334, 00614, 94566, 26714, 76542, 58244, 21541, 49955, 827

1 034.9

263, 127195, 58996, 021

245, 766234, 365

379, 69417, 014

141, 4845,793

44, 25042, 78927, 095

655, 1739,067

118, 76241, 93018, 45928,62852,62997, 225

1, 566. 1

152, 483112, 995115, 094228, 462957, 062

330, 19250, 85828, 927

116, 00325, 90122, 677

1, 235. 9

168, 743112, 77941, 81891, 120

327, 24313, 73037, 74876, 45619, 791

165, 001

53, 74657,289

1,102.0

52, 811192, 235248, 516222, 235150, 549235, 612

1,6998,944

5,95323, 225

45420, 31039, 62819, 40725, 756

19, 548590

39, 89415, 4832,661

58, 230

222, 179

355, 59715, 41278 93123, 15141,38445, 47043, 40852, 527

1, 071. 9

263, 955215, 189100, 913239, 988251, 866

403, 10316, 749

159, 6287,192

42, 74644, 52326,903

668, 8088,914

112, 67042, 45714, 27325, 67354, 376

105, 516

1, 497. 1

183, 152108, 46087, 086

218, 113900, 261

313, 34159, 42828,482

103, 30827, 90024,325

1, 183. 7

132, 338104, 98554, 23692, 439

320, 12312, 69037, 88479, 44219, 530

157, 667

54, 51651, 602

989.9

53, 405176, 758228, 160224, 164121, 420185, 953

8426,402

3,75117, 520

19321, 09644, 22315,00419, 829

19, 409203

39,55015, 8462,138

51, 430

224, 127

285, 74212, 36442, 17124,08426, 71344, 56534, 55654, 114

976.9

244, 998144, 605101, 054237, 042249, 179

317, 13312, 43792, 3066,708

38, 19639, 02021, 410

659, 7457,651

121, 10348, 27613, 04324, 21453, 80495, 855

1, 685. 7

196, 186132, 684109, 941231, 9221,014,977

361, 06157, 29836, 075

122, 53926, 50427, 659

1, 324. 6

134, 304106, 75160, 74995, 892

353, 18212, 80840, 70992, 03922, 426

171,832

54, 43551, 855

1, 090. 0

51, 845193, 344252, 541255, 973127, 370208, 965

1,06811,441

18, 40814, 755

13021, 00248, 22414,30823, 895

18, 827255

41, 97717, 0953,428

67, 887

255, 940

309, 0739,625

64, 67421, 80632, 37948, 51935, 95057, 637

1, 069. 9

264, 084162, 001105, 701256, 604281, 531

332, 66315, 872

107, 8827,760

27, 36340, 15622, 829

737, 2587,547

124, 63847, 00712, 45629,08761, 660

106, 894

1, 673. 6

183, 608133, 558116, 717235, 918

1,003,844

356, 74240, 34236, 992

127, 98523, 35225, 430

1, 316. 9

124,880114, 48269, 42089, 213

340,81712, 08933, 01490, 49420, 517

170, 883

51, 95153. 512

1. 032. 4

46, 681179, 677230, 079243, 486119, 745212, 741

9197,982

12, 62614, 264

10418, 83743, 68513, 89528, 757

17, 638174

34, 09814, 813

70364, 316

243, 247

306, 6989,730

58, 42523, 63244, 64943, 43930, 46956, 497

1, 027. 4

245, 665174, 997105, 562243, 596257, 571

326, 10511,568

125, 6566,729

23, 10844, 17916,960

701, 2867,170

121, 88351, 80510, 78329,02457, 165

102, 406

1, 601. 7

148,669110, 69997 572

196, 6741,048,061

277, 14819. 91830. 197

112, 04122, 39221, 519

1, 324. 5

127, 193103, 40968, 30365, 016

360, 00311, 56428, 745

133, 76417. 096

156, 717

57, 45541, 845

1, 050. 9

48, 861181, 060239, 322243, 354117,071221, 199

4147,962

14, 47016, 346

60418, 05046, 61711,31121, 493

20. 096548

40, 49316. 6302,171

58, 732

243, 319

316, 1449,321

75, 03216, 94336, 17340, 64632. 53559, 832

1, 044. 9

248, 233190. 023100, 038236, 081270, 568

339, 78810, 803

140, 5304,928

24, 70442, 69518, 174

705, 1555,694

107, 54439, 48011, 63529, 99559, 962

110, 425

1, 506. 6

211, 406113, 829105, 805199, 218876, 376

334, 45565, 72626, 754

124, 90021, 66129,454

1, 172. 2

109, 986105, 31980, 56656, 260

298, 95110, 06531, 16978, 11016, 043

153, 045

58, 38251, 520

1, 049. 1

46, 907192, 686232, 553267, 312110, 883198, 779

72912, 929

7,10316, 9211,700

21, 80258, 62412, 18623, 917

20, 914373

41, 99318, 3441,921

57, 508

267, 212

284, 22511, 55659, 09016, 86532, 06646, 99525, 94455, 267

1, 041. 4

262, 083146, 392107, 096247, 630278, 191

304, 3118, 153

99, 7296,494

22, 98146, 32119, 276

737, 0794,939

119, 94441, 49813, 12131, 91060, 289

104, 039

1, 506. 1

254, 91995, 790

104, 922230, 572819, 849

366, 38580, 92330, 40098, 05523, 38661, 753

1, 139. 7

96, 430108, 60373, 71085, 797

288, 2368,623

26, 92974, 51618, 558

148, 037

57, 73852, 232

992.0

46, 129162, 386223, 296232, 69395, 963

231, 531

4498,442

11, 04713, 592

59917, 36044, 34313, 23719, 061

14, 984631

37, 70616, 703

85558, 803

232, 693

304, 4347,717

79, 24119, 25340, 41236, 49328, 57656, 704

995.7

243, 982181, 02891, 735

229, 207249, 739

320, 5126,748

139, 2823,308

25, 66137, 46114, 398

675, 1804,553

113, 20636, 07413, 06527, 75952,400

104, 179

1, 644. 0

280, 037118 583120, 614239, 297885, 474

426, 39892 20740, 677

121 88925, 16252, 646

1, 217. 6

104, 19399, 81874 961

104, 114

325 36810, 61632, 74580, 13019, 474

170, 285

60, 04158, 140

1, 120. 0

46 898205, 287288 417276, 776104 445198, 145

4257,068

13, 82621 2771,132

23 72056, 00515, 78219 281

22 901419

51 46324, 9663 751

72, 018

276, 508

272, 2219 070

59 70121, 51523 99131, 32829, 76359,564

1 130 5

279 726143 384100, 869285 899320, 662

289, 2276 414

98, 9064 356

32, 83526, 69417,328

841 3136,527

139, 92351 11716, 80032 22162,913

121 702

1, 490. 9

261, 477107 76189, 768

219, 074812, 780

355, 24583,01932,832

103, 17520, 74732, 059

1, 135. 6

110, 24786, 24269, 76192, 948

272, 5716,750

25. 11870, 48520, 471

137, 859

90, 70548, 658

982.5

38, 033152, 781263, 251250, 09194, 553

183, 745

4388,698

6,84121, 966

13812, 95945, 05517, 43916, 254

21, 082429

44, 16919, 4342,018

62, 043

249, 850

253, 6776,714

47, 90915, 53625, 33918, 66429, 41067, 170

999 2

235, 524131 53779, 536

258, 943293, 655

256, 9066,103

93, 8693 307

30, 39414, 86113, 989

742, 2893,218

115, 18331, 06115,56828, 31459, 852

104 719

'1,979.1

357, 184134, 717141,373323, 758

1 ,022,087

541, 627144, 30331, 879

156, 04634, 55145,608

1, 437. 5

152, 616117, 11161, 957

120, 178

348, 5787,373

31, 58786, 88425, 167

182, 546

126, 40762, 839

r 1,051. 3

51, 667169, 642272, 146237, 254113, 715206, 836

2,65111, 447

15, 42819, 958

55618, 94444, 03918, 428r2, 358

19, 304315

50, 09524, 2351,127

65, 631

237, 220

294, 4459,004

53, 69029, 27629, 70221, 36633, 92664,340

1 044 1

252, 885167 61582, 201

268, 133273, 266

308, 26111, 516

115, 7853 866

36,24718,58715,258

735 83811, 555

136, 84545 96814,54825 56656, 915

108 021

1,662 3

pi, 135 0

r Revised. » Preliminary. t Revisions for January 1954-July 1955 will be shown later. f See similar note on p. S-21.cfData for January-June 1956 are based on classifications in Schedule G and are not entirely comparable with other months.9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures. Effective with the October 1956 SURVEY, private relief shipments of food

products are included under manufactured foodstuffs rather than under finished manufactures, where they bad been reported through 1955.©Includes data not shown separately.§Excludes "special category, type 1" exports.


March 1957 SUEVEY OF CUKEENT BUSINESS S-23


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Operations on scheduled airlines:!Miles flown, revenue thousandsExpress and freight ton-miles flown doMail, ton-miles flown do__Passengers carried revenue _ doPassenger-miles flown, revenue millions..

Express Operations

Transportation revenues _ thous. of dol__Express privilege payments do__

Local Transit Lines

Fares, average cash rate O __cents__Passengers carried, revenue _ _ millionsOperating revenues mil. of dol._

Large Motor Carriers (Intercity)

Carriers of property (quarterly totals) :1Number of reporting carriersOperating revenues, total thous. of dolExpenses, total doRevenue freight carried . -thous. of tons.

Carriers of passengers, class I (quarterly totals):Number of reporting carriersOperating revenues, total thous. of dol__Expenses, total do. __Revenue passengers carried thousands

Class I Steam RailwaysFreight carloadings (A. A. R.):cT©

Total cars _. thousands .Coal doCoke doForest products - doGrain and grain products doLivestock _ doOre doMerchandise, 1. c. 1 _ do. _Miscellaneous do

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

Coal _. _ doCoke __ __do_Forest products doGrain and grain products doLivestock _ . _doOre doMerchandise, 1. c. 1 __ . _ _ __do.Miscellaneous do

Total, seasonally adjusted doCoal doCoke _ doForest products doGram and grain products _ do_Livestock doOre do_Merchandise, 1. c. 1 doMiscellaneous _ do__

Freight-car surplus and shortage, daily average:©Car surplus, total 9 number _

Boxcars __ _ _ do_Gondolas and open hoppers do

Car shortage, total 9 — _ _ _ do_Boxcars doGondolas and open hoppers do

Financial operations:©Operating revenues, total 9 mil. of dol

Freight _ _ doPassenger do

Operating expenses _ _ doTax accruals, joint facility and equipment rents

mil. of dol .Net railway operating income do_Net income J _ do

Operating results:©Freight carried 1 mile __mil. of ton-milesRevenue per ton-mile centsPassengers carried 1 mile, revenue millions..

Waterway TrafficClearances, vessels hi foreign trade:

Total U. S. ports thous. of net tons..Foreign vessels _ doUnited States vessels do. _

Panama Canal:Total thous. of long tons

In United States vessels do

47, 98816, 7567,1452,8101,653

29,5168,322

14.8740

119.4

2,71357355

1731853474

2251,394

124123181145135626737

137

13712317216113565

26839

149

5,7571,451

7612,9451,5031,298

r 832. 0r 704. 3

65.1661.4

107.362.946.4

54, 3501.3392,449

9,9617,8232,139

3,508968

44,50016, 1087,1812,6451,507

29,4418,836

14.9712

115.2

2,75156355

1731822680

2381,433

121115171141129477138

136

13211516114713159

28539

145

5,121979448

3,3552,366

870

814.2695.157.3

641.1

106.167.047.1

53, 0441.3542,101

9,5847,4582,126

3,819894

49, 08118, 7666,7393,0341,743

33, 47112, 388

14.9783

124.4

900860, 387832, 02960, 038

15278, 34881, 08067, 635

3,51766267

22623935

110312

1,866

123109168146135507839

140

13310916714614663

26839

148

3,854777444

4,8023,844

740

889.0759.759 7

678.4

121.689.070.1

56, 8021.3852,200

r 10, 829r8 003

2,826

3 7441,026

50,20416, 7027,2163,1721,787

31, 65711, 742

15.0737

119.5

2 96953652

17919629

202245

1 529

12811116414513852

18039

144

13111116714515759

20838

146

4,477366165

5,6743,7971 430

877.9749.260 1

671.0

112.794.273.7

55, 4141.4002,215

11, 4538,4033,050

3 8741,137

52, 62518, 5607,7423,2301,782

32, 13711, 756

15.0776

124.0

3,11555153

18420226

331242

1,526

13211416815114347

29838

145

13011417014516352

20838

143

6,9102,172

276,9993,5572,929

925.4795.057 8

701.6

121.3102.585.8

58, 6481.4042,121

13, 3889,7673,621

4 0451,089

52,82319, 0837,1793,5362,085

32, 42512, 360

15.0708

114.9

892883, 010840, 25658,644

15195, 22786, 56671 404

3 862646

6223629330

432290

1,873

13110715515517044

30437

143

12610715814916758

19638

138

7,6633,767

406,6862,6423,490

900.5759.869 1

686.4

119.195.077.2

56, 3731.3922,584

13, 3479,9223,425

3 8141,027

54, 89118, 0696,8103,0971,878

30, 09410, 664

15.0654

111.0

2,39739617

1782452785

2181,230

1108755

151179517836

121

1078757

151149584936

120

24, 8062,577

17, 6834,0142,966

735

807.6670 772 2

654.4

91.861.443.3

48, 3041.4392,792

13, 2889,6443,644

3 8711,022

55, 58222, 2567,4083,3922,007

33, 13413, 508

15.1680

115.0

2,91654634

19822537

234241

1,402

12611311815915567

22438

135

12311312315214371

14938

134

14, 3863,2187 5196,8822 9053 561

907.3764 770 9

679 7

124.0103.686 7

57, 3501.3802,745

14, 47610 7883,688

3 5761,048

53,36822, 7477,0183 3011,902

32, 03811, 354

15.1685

106.4

887888 184848, 788

57 084

147115,90193 66174 588

3 93870059

22826260

418304

1 908

13812015615115491

31340

150

12712015714013869

20838

139

4,715446148

12 3714 3167 604

874.9745 259 3

657 9

119.597 477 6

57, 6061 3422 241

13 0309 9893 041

3 559891

55, 16525 1117,8923 4211,879

37, 79716 415

15.2771

123.3

3 28458449

181227

59349249

1 584

13812015514615910330439

149

12812015813815967

21538

137

3 76327o

15 8836 0859 174

963.2828 0

56 5699 4

142.1121 7103 1

60 730l'3962 094

13 82610 5523 274

3 8781.055

51 67122 803

7 5223 0401 656

34 42712 262

15 2735

120 6

2 988'563

50166203

44265230

1 468

13212216614014777

22437

144

12812216614315061

21537

138

4 2281 104

247 8442 3555 345

887 6758 8

57 4687 1

112.787 868 1

55 2911 4072 047

12 4679 7152 752

3 743905

54, 23223 34410 4822 9131,765

41, 02415 393

15 4739

124 4

3 39268465

19424633

168263

1 741

12111417012714346

11034

135

13311416214215248

35435

143

6 6371 052

1913 5071 0242 408

871.0720 671 3

689 3

95.985 895 4

54 1081 3682 601

12 6209 8882 732

4 QOSl!200

15.5728

2,56552852

155201

2481

2001 324

117112171128147447233

130

13011216314314746

29035

142

13 3315 776

3261 646

551976

855 6724 965 8

58 3

4 253'959

2 61652155

1542022183

2171 364

116109173128144387735

130

12710916313414747

30736

138

8 3293 274

3742 4061 272

989

r Revised.§Beginning January 1955, data include local service operations of one carrier. O Revisions for January-December 1954 are available upon request.iData beginning 1st quarter 1955 cover large motor carriers having annual operating revenues of $1,000,000 or above.©Beginning January 1956, data cover the revised I. C. C. list of class I railroads; i. e., carriers having annual operating revenues of $3,000,000 or more (old basis, $1,000,000 or more).cfData for March, June, September, and December 1956 are for 5 weeks; other months, 4 weeks. 9 Includes data not shown separately.{Revision for December 1955, $92,900,000.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

TravelHotels:

Average sale per occupied room dollarsRooms occupied percent of total"Restaurant sales inrj ox same month 1 929 ~ 100

Foreign travel:U S citizens: Arrivals number

Departures doAliens' Arrivals do

Departures doPassports issued and renewed do _ _ .

National parks, visitors thousandsPullman Co.:

Revenue passenger-miles millionsPassenger revenues thous. of dol

COMMUNICATIONS

Telephone carriers:Operating revenues 9 thous. of doL-

Station revenues doTolls message do

Operatin0* expenses before taxes doNet operating income doPhones in service end of month thousands

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

Operating revenues thous of dolOperating expenses, incl depreciation doNet operating revenues do

Ocean-cable:Operating revenues doOperating expenses, incl. depreciation doNet operating revenues do

Radiotelegraph:Operating revenues doOperating expenses incl depreciation doNet operating revenues do

7.5371

257

84, 00688, 20856, 13534, 27436, 660

345

7019,181

487, 210281, 381164, 415322, 44666, 36749, 216

18, 72016, 6581,155

2,9032,145

482

3,0832,453

512

7.4775

257

87, 56896, 07250, 93535, 97844, 658

356

6067,938

481, 642279, 770160, 248317, 40365, 93649, 488

18, 39515, 9851,522

2,6922,066

369

2,9612,390

465

7.3072

239

100, 607113, 45066, 19841, 43961, 160

451

5877,693

500, 384284, 427174, 199335, 42665, 93449, 790

20, 05816, 9202,220

2,8322,105

458

3,1742,442

620

8.0376

282

95, 512115, 26770, 05043, 42070, 533

695

5537,239

497, 170285, 273169, 239327, 38168, 67750, 056

18, 84216, 3451,602

2.7252,134

334

3,1232,459

549

7.3374

294

97, 163116, 50471, 57245, 75879, 0221,141

4916,919

508, 204287, 980177, 309341, 68167, 47850, 346

20,28817,2842,086

2,8162,292

255

3,2692,509

637

7.9974

286

116, 598169, 86674, 69553, 23560, 7123,008

5838, 243

506, 108288, 724173, 635334, 39670, 21750,568

20, 02017, 7661,334

2,8542,102

487

3,2372,430

688

7.4864

240

144, 294157, 53982, 19252, 60354, 5124, 755

5517,807

504, 721286, 352174, 157339, 20767,68350, 819

19, 01318, 019

90

2,8392,140

434

3,1772,440

628

8.3771

273

168, 916133, 98186, 16155, 47241, 0014,660

5617,941

519, 153289, 298184, 899345, 07771, 48551, 097

20, 54418,5421,114

2,8262,143

440

3,3072,484

705

8.1774

268

144, 661101, 62296, 13052, 42831, 9302,214

5067,159

503, 100290, 175167, 680328, 31871,62751, 392

19, 56517, 5501,354

2,7602,106

408

3,0442,384

580

8.5881

278

110, 80890, 22380, 99147, 48431, 5781,151

5087,238

528, 393298, 202184, 414352, 78672, 53651, 722

21, 83918, 3722,676

2,9522,164

520

3,4072,519

823

8.3969

257

88,65378, 79675, 11643, 13924,299

461

4616,554

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

20, 25017, 8791,713

3,0782,205

626

3,6562,5191,069

7.5357

241

85, 98790, 27269, 45850, 45823.001

290

5217,397

536, 491304, 385185, 135348, 94278,94052, 475

20,82818, 1352,264

3,0942,072

728

3,5692,653

814

7.9172

262

39, 245/302

20,68018, 2991,371

3,0342,231

528

3,5912,641

843

8.0774

270

49, 970

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

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

short tonsCalcium carbide (commercial) doCarbon dioxide, liquid, gas, and solid doChlorine, gas do ._-Hydrochloric acid (100% HC1) . . _ . do _

Nitric acid (100% HNOs) do ..-Oxygen (high purity) mil. of cu. ftPhosphoric acid (50% HsPO4) short tonsSodium carbonate (soda ash), synthetic (58% Na2O)

short tonsSodium bichromate and chromate doSodium hydroxide (100% NaOED doSodium silicate, soluble silicate glass (anhydrous)

short tonsSodium sulfate (Glauber's salt and crude salt cake)

short tonsSulfuric acid:

Production (100% H2SO4) thous of short tonsPrice, wholesale, 66°, tanks, at works

dol. per short tonOrganic chemicals :cf

Acetic acid (synthetic and natural), productionthous of Ib

Acetic anhydride, production doAcetylsalicylic acid (aspirin) production doAlcohol, ethyl:

Production thous of proof galStocks end of month, total do

In industrial alcohol bonded warehouses doIn denaturing plants do

Used for denaturation doWithdrawn tax-paid do

Alcohol, denatured:Production thous of wine galConsumption (withdrawals) doStocks end of month do

Creosote oil production thous of galDDT production thous oflbEthyl acetate (85%) production doEthylene glycol production doFormaldehyde (37% HCHO) production doGlycerin, refined, all grades:

Production _.._ do_ _ _Consumption do _Stocks end of month do

Methanol, production:

Synthetic doPhthalio anhvdridfi. nroduction thous. of lb._

279 05583, 33549, 087

318, 43881, 021

216, 3612,732

329 101

428 65411,383

357, 956

55 209

76, 575

1 437

22.35

49 61977, 4041,225

40, 44741, 98933, 2458,744

38, 770783

20, 37821, 7486,487

9 53911, 5929 360

90, 684111 691

24, 83616, 29737, 188

20619, 02030. 522

286, 74391, 55046, 714

303. 05274, 897

211, 5302,642

313, 691

416, 41810, 347

341, 351

57 706

68, 390

1 350

22.35

42 66273, 3851,931

39, 122r 37, 005r 28, 077

8,92842, 042

r868

22, 66622, 4646,699

r8 82010, 7427 702

81,911110 519

23, 11415, 68640, 497

17817, 07028. 714

316, 73487, 15554, 249

326, 48081, 245

233, 0942,903

331, 581

436, 13710, 910

369, 483

52 261

70, 333

1 441

22.35

41, 85179, 1501,728

40, 83835, 72828, 6827,045

49, 5061,061

26, 629»• 23, 683

r 9, 585

i 10 16611,0836,791

81, 632121 906

22, 64116, 60845, 146

18920,70329, 625

306, 17283, 12858, 382

322, 42878, 467

210, 2162,727

312, 054

431, 9629,939

361, 981

54 728

71, 445

1,363

22.35

45, 00671,8021,412

38, 24833, 17826, 4756,703

39, 506965

21, 280r 21, 497

9,371

i 9 16210, 9676,820

80, 315112, 692

22, 19716, 94045, 184

20419, 07828, 271

310,42282, 77674, 169

326, 72677, 365

194, 1512,817

322, 354

443, 5699,954

369, 173

55, 292

72, 678

1,382

22.35

44, 22177, 1021,453

45, 90135, 36425, 6389,726

45, 529858

24, 46424, 854r 8, 810

10 16513, 7127,204

80, 050116, 444

21, 23416, 87447, 087

19917, 81424, 507

262, 09383,82492, 425

308, 92874, 168

177, 2282,620

299, 338

405, 6079,444

347, 304

46, 827

63, 421

1,270

22.35

46, 41074, 2321,731

43, 75538, 16525, 85312,31141, 3751,033

22, 346' 24, 387

6,855

11, 40012, 1005,398

85, 686112, 656

20, 41516, 25448, 468

19419, 38622, 919

248, 38474, 49095, 002

255, 54157, 777

173, 5271,524

235, 900

402, 9267,779

283, 019

45 569

61, 926

1 130

22.35

44, 48073, 7971,271

40, 04440, 61328, 89811, 71538, 960

574

20, 93219, 0508,678

1 5 37011, 9276,736

72, 26386, 139

13, 91414, 14246, 357

20019, 05424, 965

242, 58476, 71894, 183

298. 79968, 513

188, 8752,416

263, 647

409, 00810, 344

327, 407

51,929

66, 657

1,182

22.35

47, 92272, 2021,046

38, 20143, 57630, 80712, 77036, 692

917

19, 77020, 9307,356

9,16012, 1388,111

84, 495108, 512

20, 76715, 78548, 127

19619, 72024, 143

257, 01481, 69377, 232

320, 88277, 549

183, 4982, 643

289 747

403, 41410, 263

354 664

47 597

72, 434

1 272

22.35

45 69274, 8081,003

32, 94240, 07830, 4869,591

40, 054900

21, 48719,1159,964

10 13011,9126,969

89, 261114, 430

19, 70515, 52348, 862

19817,46822, 690

272, 70894, 47270, 367

333, 77580, 799

193, 4722 883

320 709

423 46810, 657

366 521

60 779

75 977

1 361

22.35

49 34370, 2771,356

36, 06637, 29027, 15710 13238, 4981,120

20, 76920, 10610, 588

r 11 70710, 94910, 17195, 494

119, 056

20, 66616, 92848, 094

18920, 00427,002

264, 43692, 63759, 904

329, 45780, 754

196, 8312,809

279 192

401. 91910 115

358, 153

65 837

74, 634

1 315

22.35

46 85375, 1221,488

36, 65633, 84425, 4038,441

36, 2401,307

19, 58818, 88111, 178

12 20110, 6418,285

90, 119116, 914

22, 65616, 10350, 618

15619, 40825, 041

290, 51292, 793

r 56, 596340, 17978, 875

219, 8232,893

275 711

394 4979,649

375 228

50 677

74, 929

1 325

22.35

49, 73790, 3781,618

36, 45933, 85825, 5338,325

35, 0591,098

18, 89919, 86510, 421

14 45611, 2018,306

95, 181107, 918

19, 62415, 27651, 018

1 7221, 31227,093

v 22. 35

36, 32233, 33725, 7777,560

42, 818943

23, 05321, 14012, 194

22,81117, 02951,634

r Revised. * Preliminary. J Incomplete: comparable amount for February 1956 is 8,047,000 gallons, and for June 1956, 9,983,000 gallons.9 Includes data not shown separately.tfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.


March 1957 SUEVEY OF CUREENT BUSINESS S-25


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

CHEMICALS AND ALLIED PRODUCTS—Continued

FERTILIZERS

Consumption (10 States) © thous. of short tonsExports, total? - - .short tons

Nitrogenous materials doPhosphate mat°rials-.- doPotash materials do

Imports, total 9 doNitrogenous materials, total. do

Nitrate of soda doPhosphate materials __ doPotash materials do

Price, wholesale, nitrate of soda, crude, f. o. b. cars,port warehouses dol. per short ton

Potash deliveries short tonsSuperphosphate (100% available phosphoric acid) :

Production short tonsStocks end of month do

MISCELLANEOUS

Explosives (industrial), shipments:Black blasting powder thous of IbHigh explosives do

Sulfur (native) :Production thous of long tonsStocks (producers'), end of month do

FATS, OILS, OILSEEDS, AND BYPRODUCTS

Animal fats and greases rd"1

Tallow, edible:Production thous of IbConsumption factorvt t doStock (incl refined grades) end of month do

Tallow and grease (except wool), inedible:Production* doConsumption factory 1 t doStocks (excl refined grades) end of month do

Fish and marine mammal oils:AProduction t doConsumption factory J doStocks end of month do

Vegetable oils, oilseeds, and byproducts:Vegetable oils, total:

Production crude J mil oflbConsumption crude factory! doStocks, end of month :J

Crude J doRefined§ t do

Exports thous of IbImports total do

Paint oils doAll other vegetable oils do

Copra:Consumption factory short tonsStocks end of month doImports do

Coconut or copra oil:Production:

Crude thous of IbRefined do

Consumption, factory:^Crude doRefined do

Stocks, end of month:Crude doRefinedt do

Imports do

Cottonseed:!Receipts at mills thous of short tonsConsumption (crush) doStocks at mills end of month do

Cottonseed cake and meal:tProduction short tonsStocks at mills, end of month do

Cottonseed oil, crude: tProduction thous of IbStocks end of month do

Cottonseed oil, refined:Production doConsumption factory t do

In margarine do

Stocks end of month §f mil oflbPripp whnlp«a«lf» drnm<; fN V " Hoi npr Ih

404296, 39176. 338

196, 18412, 542

26*, 693200, 59551. 12410. 20038, 378

51.25

198, 820

1253,904J418 373

52266, 692

5313,216

17 91312, 49914 519

240. 277127, 518303 179

1,57010, 91185, 414

639590

692567

131 37452, 0343 102

48, 932

31,03523 72137, 014

39, 33028, 902

47, 85127, 613

82, 70715, 10820, 085

169692

1,898

320, 731191, 461

231, 041192, 547

174, 915123, 01531, 208

417.1Q2

703403, 162

76. 991288. 64830, 016

246, 446173, 38625. 1097,920

32, 974

51.25

223, 621

243, 934432 524

46163, 987

4763,194

21, 29415, 02414 398

241, 645132, 720318 893

49713, 56269, 536

607614

645566

109 21429, 8243,386

26, 438

21, 59016 46022, 990

27, 26330, 376

48, 17230, 756

71, 64212,4688,259

72618

1,353

287 668220, 215

211, 401180, 058

182, 780147, 67230, 949

417.204

1,528482, Oil118, 932318. 51432, 799

293. 081187, 85763. 41011, 47451, 501

51.25

210, 257

246, 634371, 161

52671, 445

4863,205

18, 95714, 38612 316

240. 360138, 274331, 771

68613, 04854, 579

584624

621550

169 92345, 4784,875

40, 603

24, 59323, 02331, 942

31, 51133, 254

52, 51431, 756

66, 65916, 43320, 617

38497895

229 954250, 690

170, 524155, 007

180, 538148, 38232, 223

397923

1,692416. 56979,213

274, 26745, 726

266, 838195, 62480, 6888,538

19, 991

51.25

257, 348

241. 236292, 981

45177, 634

5043,240

19, 61915. 97211 584

224, 044134, 718309 836

2,48010, 28050, 679

529543

609595

98 65732, 0891,476

30, 612

26, 70821, 44418, 629

33, 71632, 478

52, 42732, 251

61, 59514,61610, 901

16387523

179 398258, 381

136, 275123, 785

148, 190116,48019, 034

416.224

1.166545, 313128, 552372, 71634, 375

181, 943110. 42748. 58112, 4367,344

51.25

144, 256

222, 820320 768

23884 290

5433,277

22, 29418, 36113 417

242. 578139, 055308 466

18, 14310, 70673, 762

496552

571583

106 47831, 3272,738

28, 588

25, 16423 45729, 195

32, 34736, 081

58, 18134, 949

53, 15714, 38812, 688

19258285

123,115245, 736

91, 14474, 437

112,797125, 61921, 706

384.225

656157, 12691, 469

336, 71016, 400

132, 15384,17153, 62015, 5643,893

51.25

60,904

169, 418388 630

57282 831

5653,330

18 73813 91914 497

222, 085129, 162322 302

34, 63810 50975, 052

416452

527515

150 19435^ 1013 622

31, 479

30 61420 01626, 309

39 30636, 377

55, 97035 335

59, 56613, 74517 430

20151154

74 363214, 803

54, 41238, 162

73, 667105, 68817, 125

328.210

237613, 47369,233

509, 48129, 828

70, 69042, 3096,2127, 3696,099

51.25

92, 399

136, 584405, 765

38970, 574

6213,494

17, 09014, 42216, 377

207, 829104, 126329, 256

39, 2149,053

85, 977

364376

519426

119, 26344, 8955,728

39, 167

29, 64310, 83022, 350

38, 13827, 650

44, 21125, 816

61, 16013, 45613, 587

142119177

62, 286164, 187

43, 47240, 375

34, 60784, 29813, 986

244.190

187470, 57671, 239

339, 88547, 438

129, 89167, 116

014, 52224, 081

51.25

124,323

143, 146407, 485

44882, 333

5983,637

17, 83620, 19711. 679

223, 301140, 555311, 126

37, 68811, 45786, 981

395456

471348

103, 36945, 2482,937

42, 312

25, 87913, 35027, 474

33, 59032, 345

52, 16533, 397

51, 86113, 06827, 033

365182361

85, 222120, 288

58, 10852, 108

47, 268104, 90217, 671

180.190

246382, 89155, 303

294, 71818, 299

143, 82470, 070

018, 31132, 946

51.25

139, 283

170, 533393, 805

41578, 839

5243,681

14, 71216, 5577,895

198, 140131,086297, 957

21, 7039,748

114, 465

497448

503313

172, 43724, 9921,215

23, 777

25, 17116, 69026, 523

32, 58631, 906

50, 55329, 379

61, 76713, 62011, 368

1,274526

1,108

249, 069140, 916

165, 47896, 275

69, 43296, 97719,353

158.190

422490, 56578, 341

350, 39248, 759

139, 96280, 4932,755

12, 76923, 233

49.50

147, 407

207, 107392, 967

44188,843

5293,706

18,30519, 2008,386

225, 356144, 904299, 535

14, 72212, 059

115, 838

699624

548343

105 89139, 0406,616

32,424

35, 50412, 96731, 265

45, 05933, 630

52, 41432, 175

58, 39111, 48311, 392

1,573722

1,959

346, 400170, 814

241, 749147, 953

161, 282124, 42423, 681

197.200

461380, 619

52, 707279, 72739, 574

239, 116184, 81783, 7073,080

37, 214

49.50

160, 260

208, 612400 995

64077, 063

5153,852

21, 31517, 76412, 109

239, 443131, 692337, 568

7,96411, 302

115, 366

649580

584384

98 02941, 2473,263

37, 983

27, 230

36, 783

34, 51031, 081

47, 12327, 982

59, 51615,91723, 557

1,071677

2,353

327, 720186, 106

229, 605173, 802

159, 780127, 95424, 474

227208

368368, 55191,922

226, 03135. 031

227, 306158, 93778, 70210, 21839, 842

49.50

179, 599r 208, 016r 414, 743

49467, 568

5343,936

20, 25715, 61218, 986

225, 051126, 883342, 194

«• 12, 271r 14, 738' 102, 606

614553

'616409

296, 63535, 7091,830

33, 879

27, 503

23, 484

35, 09728, 776

45, 76027, 961

70, 27415,73917, 262

340570

2,123

274, 304187, 819

192, 572178, 477

146, 516122, 13828,825

237.208

p 49. 50

162, 814

220, 497415, 459

54670, 015

22, 83721, 53720, 279

236, 928145, 660349, 056

65813, 62686, 950

647573

603446

30, 27716,787

38, 96730, 670

50, 09428, 906

73, 59215, 492

114613

1,624

293, 321194, 737

207, 691170, 536

163, 853131, 66631, 636

267P . 223

T Revised. * Preliminary. 1 Beginning 1956, "other phosphatic fertilizers" are included. Such data for January 1956 are as follows: Production, 17,340 tons; stocks, 20,843 tons.estates represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, T«,xas, Oklahoma. According to quarterly reports from Virginia,

consumption in that State is as follows (thous. short tons): 1956—January-March, 270; April-June, 325; July-September, 76; October-December, 79.9 Includes data not shown separately.c?For data on lard, see p. S-29. Figures prior to 1955 for tallow (not shown in the 1955 BUSINESS STATISTICS) will apnear later.^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.J Re visions for 1954 and 1955 (also for 1953 for cottonseed and products) will be shown later.ABeginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities

of these oils held by producing firms.§Includes stocks owned by the Commodity Credit Corporation through May 1956.


S-26 SUEVEY OF CUEEENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

CHEMICALS AND ALLIED PRODUCTS—Continued

FATS, OILS, ETC.— Continued

Vegetable oils, oilseeds, and byproducts— Con.Flaxseed:

Production (crop estimate) thous. of buOil mills:!

Consumption doStocks end of month do

Price, wholesale, No. 1 (Minneapolis) _dol. per bu__Linseed oil, raw:

Production! - thous. of Ib _Consumption factory! doStocks at factory end of month ! doPrice wholesale (Minneapolis) dol. per Ib

Soybeans:Production (crop estimate) thous. of buConsumption factory doStocks end of month do

Soybean oil:Production:

Crude thous. of IbRefined do

Consumption factory refined! doStocks, end of month:

Crude - doRefined! do

Price wholesale refined (N Y ) dol per IbMargarine:

Production thous. of IbStocks (factory and warehouse), end of mocT do. .Price, wholesale, colored, delivered (eastern U. S.)

dol. per IbShortening:

Production thous of IbStocks end of month cf do

PAINTS, VARNISH, AND LACQUER

Factory shipments total thous of dolIndustrial sales doTrade sales do

SYNTHETIC PLASTICS AND RESINMATERIALS

Production:Cellulose acetate and mixed ester plastics:

Sheets rods and tubes thous. of Ib^Molding and extrusion materials do

Nitrocellulose sheets rods and tubes doOther cellulose plastics do

Phenolic and other tar acid resins doPolystyrene _ _ doUrea and melamine resins doVinyl resins _ doAlkyd resins do

Rosin modifications do_ _ _Polyester resins - - doPolyethylene resins doMiscellaneous _ do

3,2685,5733.35

64, 49042, 102

135, 331.133

24, 44573, 783

270, 046239, 846238, 205

137, 24681, 682

.182

133, 85322, 611

.273

150 136125, 447

129, 26152, 52276, 739

3,5086,492

519450

43, 40747, 00226, 41166, 89032, 409

10, 8235,510

42, 72114, 121

2,9785,7643.47

59, 17243, 716

130, 393.146

24, 52870, 861

271, 253249, 371249, 526

128, 17781,159

.196

135, 90525, 924

.273

183, 015120, 587

122, 36150, 77071, 591

3,4267,178

497501

42, 79940, 40126, 50761, 60732, 392

12, 0555,366

41, 41612, 898

3,2024,2133.68

63, 42845, 266

134, 959.156

25, 36567, 366

281, 442251, 048250, 241

132, 55280, 018

.214

127, 16626, 317

.293

170, 845120, 101

131, 51856, 32975, 189

4,29«8,007

501585

43, 93543, 27225, 16166, 67533,482

11, 4685,986

40, 56713, 829

2,1713,3683.77

43, 24337, 723

125, 738.159

25, 25957, 931

280, 688218, 831192, 705

176, 400104, 987

.215

83, 51426, 853

.293

144, 623146, 485

136,22857, 44978, 779

3,6067,376

513429

42, 80748,81223, 36065, 48731, 566

11,8195,855

42, 20513, 902

3,0171,5843.83

59, 61443, 515

136, 682.159

24, 60048, 424

273, 348249, 054229, 034

172, 649123, 747

.224

107, 94027, 134

.296

165, 445156,066

146, 81 157, 93288, 879

3,4817,458

569489

41, 74650, 48023, 45563, 97731, 968

11, 4937,289

47, 01014, 512

1,9201,2123.38

38, 44840, 275

113, 017.142

22, 23036, 651

248, 636205, 257211, 447

179, 630116, 853

.200

85, 24224,698

.273

127, 868168, 524

146, 14954, 74991, 400

4,0557,254

487407

40, 60744, 02325, 08354, 79629, 643

10, 5446,212

45, 63413, 170

946762

3.34

19, 19634, 81595, 665

.134

20, 37826, 460

228, 348193, 610196, 948

174, 970112, 828

.175

81, 43620, 276

.273

100, 700154, 761

133, 82850, 23683, 592

2,3555,872

344370

31, 20741, 27715, 90149, 75125, 730

8,7295,641

45, 99811, 740

9331,0513.28

18, 57543, 42071, 051

.130

21, 79312, 360

249, 027223, 378241, 688

154, 421100, 148

175

106, 72722, 356

.273

150 554141, 573

146. 78856, 34690,442

3,8157,395

443554

37, 82644, 28821, 17157, 12130, 421

11, 3986,634

49, 79013, 140

2,3082,2713.25

46, 93141, 84475, 388

.127

19, 87720, 525

221, 302203, 733221,794

139, 67186, 865

.163

114, 97022, 236

.273

133, 396129, 175

128,41148, 93079, 481

3,9458, 579

324279

37, 59844, 31421, 75960, 23727, 652

9,3775,369

51 08913, 298

4,0204, 9453.27

81, 56565, 27886, 694

.131

27,92878, Oil

301, 802252, 552258, 763

132, 94677, 178

175

134, 58421, 556

.273

178 089119, 437

140 30958,37481 935

3,8379 390

396564

43 49348, 78925 69167, 17635 383

10,9086 473

49 11013 363

3,2954,5573.41

66, 56340, 884

111 301.136

26 59179, 070

284 820244, 824237 131

125, 46683 974

195

132 54525 292

.282

179 909105 477

121 48855 28066 208

3,3749 291

365551

40 14544, 46724 26965, 90034 509

11, 5536 542

51 42113, 977

i 48, 712

2,9254,0103.44

59, 00438, 212

115, 410r. 136

455, 86926, 98870, 354

289, 736233, 159224, 344

140, 99692, 130

.190

124, 95127, 584

.292

157, 141122, 047

97 30845, 64551 663

3,7248,452

317472

35, 20641, 79421, 37067, 87027,874

10, 0246,139

51 41313, 679

2,3043,5163.40

46, 86437, 985

111, 821P. 134

28, 42065, 517

305, 156240, 523222, 557

134, 093103, 973

P. 200

132, 37329,874

p. 292

160, 015126,807

125 40154, 53970 862

3.34

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total!mil. of kw.-hr

Electric utilities, total___ _ ..doBy fuels . do _-By waterpower do

Privately and municipally owned utilities. __doOther producers (publicly owned) do _ _

Industrial establishments, total doByfuels. doBy waterpower - _ do. _

Sales to ultimate customers, total (Edison Electric In-stitute)! mil of kw.-hr

Commercial and industrial:Small light and power doLarge light and power do _

Railways and railroads do _ _Residential or domestic - doRural (distinct rural rates) _ _ _ _ do _Street and highway lighting do. _Other public authorities doInterdepartmental do _ _

Revenue from sales to ultimate customers (EdisonElectric Institute) I thous. of dol__

58, 09251, 12041, 7649,356

41, 7699,351

6,9726,741

231

44, 752

7,05422, 680

42712,529

68345587748

734, 354

54, 63047, 98837, 36210, 626

38, 6719,316

6,6426,368

274

43,994

6,92422, 441

39812, 200

68441489142

725, 160

57, 40450, 34438, 56511, 779

40, 5099,835

7,0606,757

303

43, 738

6,86222, 775

40511, 562

77840090651

714, 161

54, 30047, 48935, 93711, 552

38, 3639,126

6,8126,499

313

43, 097

6,77622,649

38011, 038

95536288849

703, 854

56, 04149, 08637, 38511, 701

39, 7389,348

6,9556,632

323

42, 758

6,78523, 089

35910, 361

87634189949

697, 745

56, 25449, 45139, 40210, 049

40, 2709,181

6,8046,518

286

43, 075

7,31622, 941

34210, 198

97532292952

710, 990

55,22949, 45139, 5399,913

39, 7019,750

5,7785,520

258

43, 010

7,80121, 858

32810, 4951,201

33593657

719, 799

58, 57652, 19442, 6569,539

42, 3029,892

6,3826,158

224

44, 503

8,00522, 853

34010, 6791,278

358932

57

735, 869

55,64948, 81939, 8598,960

39,5039,316

6,8306,604

226

44 786

7 95123, 147

33010, 7851,200

39292655

741, 999

58, 44551, 12941,8929 238

41,8009,330

7 3167,074

242

44 613

7 45723 914

35310 530

93642794552

730, 079

57 82050 64541 3409 305

41, 2309 416

7 1756,920

254

44 492

7 27623 594

36311, 047

76845494347

730, 244

60, 05552, 87542, 8789 998

43,0989 777

7 1806,903

276

46 161

7 42823 673

38912 424

764483945

54

757. 026

62 93855,50345,31110 192

45,08310 420

7 4357,154

281

r Revised. *> Preliminary. l December 1 estimate of 1956 crop.!Revisions will be shown later for fats and oils (1954 and 1955); electric-power production (January-July 1955), and electric-power sales and revenue (January-April 1955).cf Beginning January 1955, data exclude quantities held by consuming factories.


March 1957 SURVEY OF CUERENT BUSINESS S-27


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

ELECTRIC POWER AND GAS—ContinuedGAS

Manufactured and mixed gas (quarterly) :d*Customer^ end of Quarter total thousands

Residential (incl house-heating) doIndustrial and commercial do

Sales to consumers total mil. of therms. .Residential (inol house-heating) doIndustrial and commercial do_ _ _

Revenue from sales to consumers total thous. ofdolResidential (incl house-heating) doIndustrial and commercial do

Natural gas (quarterly) :cfCustomers end of quarter, total thousands. .

Residential (incl house-heating) doIndustrial and commercial do

Sales to consumers, total mil. of therms. .Residential (incl house-heating) doIndustrial and commercial do

Revenue from sales to consumers, total thous. of dol- _Residential (incl house-heating) doIndustrial and commercial - do

5 0234,670

3501,348

997342

170, 126130, 99738,427

24, 22322,2901,907

21, 5789,774

11, 1881,176,052761, 627396, 569

4,9094,583

324949622320

120, 75489, 63330,605

24, 24622, 3551,864

16, 2034,945

10, 762784, 917432, 203338, 900

3 7973,541

254374202165

57 07540, 12716 552

25, 39423 4631,905

13, 2762,036

10 638562, 197234 715312, 040

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGESBeer:

ProductionJ _ _ thous. of bbl__Taxable withdrawals doStocks, end of month J __ .do

Distilled spirits:Production^ thous. of tax gal--Consumption, apparent, for beverage purposes

thous. of wine galTax-paid withdrawals^ thous. of tax galStocks end of monthj doImports -- thous. of proof gal

Whisky:Production^ _ _ thous. of tax galTax-paid withdrawals f doStocks endofmonthj doImports thous. of proof gal

Rectified spirits and wines, production, total 9 Ithous. of proof gal

Whiskyt doWines and distilling materials:

Effervescent wines:P reduction % thous . of wine galTaxable withdrawalst - doStocks, end of month J doImports do

Still wines:Production^ doTaxable withdrawals §i doStocks, end of month §J doImports do

Distilling materials produced at wineriest doDAIRY PRODUCTS

Butter, creamery:Production (factory) J thous of IbStocks, cold storage, end of month doPrice, wholesale, 92-score (New York)___do!. per lb__

Cheese:Production (factory), total J thous. of Ib

American, whole milk J doStocks, cold stoiage, end of month, total do

American, whole milk doImports doPrice, wholesale, American, single daisies (Chi-

cago) dol. per lb__Condensed and evaporated milk:

Production, case goods: tCondensed (sweetened) thous of IbEvaporated (unsweetened) do

Stocks, manufacturers', case goods, end of month:Condensed (sweetened) thous oflbEvaporated (unsweetened) do

Exports:Condensed (sweetened) doEvaporated (unsweetened) _ do

Price, wholesale, U. S. average:E vaporated (unsweetened) _ _ dol. per case

Fluid milk:Production % mil. of lb_.Utilization in mfd. dairy products doPrice, wholesale, U. S. average* dol. per 100 lb_.

Dry milk:Production: J

Dry whole milk thous. oflbNonfat dry milk solids (human food). _.do_._

Stocks, manufacturers', end of month:Dry whole milk doNonfat dry milk solids (human food) _ do

Exports:Dry whole milk doNonfat dry milk solids (human food) do

Price, wholesale, nonfat dry milk solids (humanfood), U. S. average, _ _ _dol. per lb_.

' 6, 4075,6259,291

' 17, 457

13, 3719,279

846, 2861,521

10, 6824,899

728, 4181,346

r 4, 8173,918

139131

1,24646

r 3, 201r 10, 895

r 197, 957563

r 6, 220

114, 235131, 664

.580

96, 77565, 085

496. 746469, 336

3,294

.375

3, 150164, 500

6,222r 156, 759

83416,273

5.71r 9, 603r 3, 703

4.24

7,975120, 100r8 959'84, 484

2,01522, 925

.154

6,6295,8039,734

r 16, 877

14, 61611, 523

847, 9651,762

10, 6146,130

729, 9621,562

' 6, 2385,476

28696

1,41934

r 2, 009r 11, 321' 186, 732

524r 2, 151

113, 03097, 907

.581

97, 02565, 815

464, 397438, 209

3,488

.369

4,300170, 900

8,230110, 578

71416, 816

5.69r 9, 657r 3, 704

4.14

8, 800123, 800

8,914r 81, 310

4,71026, 720

.154

7,8556,790

10,290

' 19, 189

11,40013, 528

'850,4221,868

12, 2687,051

731, 8051,685

' 6, 9386,015

184136

1,45338

1, 856r 12, 822

r 175,650544

'365

129, 30087, 840

.580

119, 07083, 000

460, 421433, 358

5,114

.369

3,410208, 950

8,133'111,413

2,77411, 183

5.68r 10, 888

T 4, 3403.98

9,425147, 700

'8 290r 91, 896

4,34017, 236

.154

7,9276,751

11, 097

17, 652

16, 25713, 736

r 851, 2871,840

11,4266,910

733. 5301,646

' 7, 2436,230

273123

1,59052

1,656r 11, 053

r 165, 218561617

136, 01078, 882

.587

129, 18595, 035

456, 279426, 887

4,603

.372

4, 650240, 100

7,038124, 880

3,29312, 346

'5.69

' 11, 325r 4, 649

3.84

9,450162, 700

'8 524' 101, 102

3,66111, 929

.154

8,7338,182

11, 128

18, 617

17, 62813, 252

854, 7092,022

11, 5926,280

736, 1961,840

' 6, 8705,722

238147

1,66262

1,42011, 039

r 154, 637629782

150, 48082, 685

.594

154, 465117, 645484, 154451, 571

4,298

.382

5, 140300, 700

6,873' 168, 181

2,4109, 645

5.75

' 12, 840r 5, 343

3.86

11, 275176, 500

' 11 437r!23 689

3,95126, 127

.153

9,3948,673

11,264

15, 862

16, 40313,020

854, 7552,086

10,0826,277

737, 7091,915

' 6, 7015,515

237155

1,72046

1,37510, 326

143, 082483555

148, 155113,318

.594

158, 420122, 440524, 505486, 883

3,762

.384

6,140304, 100

7,550311,983

4,20112, 838

'5.89

' 12, 490r 5, 342

3.85

10, 850176, 300

r 12 062r 148, 200

3,88029,336

.152

9,5908,777

11,515

8,531

14, 89310, 565

851, 6341,748

5,7994,554

737, 4451,619

5,3314,442

12593

1,73835

1,2379, 283

134, 294456

1,163

128, 155133, 918

.594

134, 090102, 410551, 334512, 474

3, 168

.381

6,290266, 700

7,937401, 894

3,54014, 251

5.92r 11, 526

r 4, 6103.98

10, 600131, 400

15, 192r 140, 735

2,85434, 993

.151

8,7349, 015

10, 677

12, 178

16, 78411, 269

849, 0821,927

7,1915,470

736 5731,721

6,0524,885

220137

1,80144

2,53110,290

125, 296412

8,067

110, 200118, 217

.601

116, 97087, 220

554, 518513, 625

3,862

.382

6,640232, 600

8,192434, 536

6,40212, 772

5.93

r 10, 659r 3, 990

4.11

9,15098, 000

r 14 313r 118, 507

3,77416, 898

.151

6,4976,424

10, 344

20, 386

16 57214, 269

844 2082,414

7,8477,469

734 0412 166

7,8716 792

168200

1,75162

30, 52812, 688

144, 102580

76, 378

93 12590,252

.613

102, 44574, 135

533, 107493, 648

5,589

.384

5 520189, 100

8,761425, 545

2 19114, 622

5 93

' 9, 512'3 392

4.30

8,00079, 500

13 118r 98 722

3,82019, 274

.152

6,5006,6709,753

34, 134

22 32121,817

835 9483,580

10, 97111, 120

729 6603,258

13, 49712 019

205276

1,648101

71, 84914 615

202, 848680

142, 607

92 96062, 261

.620

98, 01068,100

489, 385448, 857

5,609

.390

5 670164, 200

'9 335r 383, 686

5 05314, 972

5 93

' 9, 276r 3 285

4.48

7 35079,800

11 725' 76 563

2 69242, 371

.152

5,9476,1719,135

23, 065

20, 86519. 331

830 1293,632

10, 73410, 325

725 5723,288

12, 54911, 275

188272

1,547115

24, 07013 879

210, 541874

41, 839

90, 60539, 640

.632

90,70061, 400

454, 729414, 606

5,332

.390

6 370146, 500

10 391310, 371

3 38514, 172

5 93

' 8, 695'3 120

4.61

6 40083 300

11 390' 67 095

2 01014 054

.152

6,1236,1298,768

17, 852

25, 15911, 989

832, 4392,889

10, 1226,334

726, 5622,627

6,7685,675

162261

1,418114

3,91211, 953

198, 721765

6,075

102, 810' 25, 103

.614

96, 240r 64, 280441, 082401, 079

5, 598

.390

7 110152, 200

'9 649r 224, 025

5 05420,211

5 93

' 9, 227'3 450

4.53

8 250104 800

10 757' 69 461

2 77642 700

.152

6,8665 6899,552

206129

1,477

2,92310, 872

190, 095

3,954

116, 40528, 855

.604

101, 40069,320

419, 992379, 637

.390

7,350162, 000

9,117156, 420

6 06

9,6973 796'4.44

7,700120, 900

10 38465 623

.153

31, 996.607

389, 983349, 237

.388

9,464

4.34

' Revised. cf Revisions for 1953 and for the 1st and 2d quarters of 1954 and 1955 are available upon request. Totals include data not shown separately.^Revisions for the indicated items and for the periods specified are available upon request as follows: Alcoholic beverages, July-November 1954 and July-December 1955; dairy products—butter,

cheese (total and American), evaporated milk, and nonfat dry milk solids, January 1953-September 1955; condensed milk and dry whole milk, January 1954-September 1955; fluid milk, produc-tion, January 1951-December 1955.

9 Data beginning July 1956 exclude production of wines and vermouth; for July 1955-June 1956, such production totaled 183,000 gallons.§Data include vermouth and aperitif wines other than vermouth.*New series, representing average price received by farmers for all milk sold at wholesale to plants and dealers; data prior to January 1955 will be shown later.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

FOODSTUFFS AND TOBACCO—Continued

FRUITS AND VEGETABLESApples:

Production (crop estimate) thous. ofbu -Shipments, carlot no. of carloads. _Stocks, cold storage, end of month thous. of bu__

Citrus fruits, carlot shipments ._ ..no. of carloads. _Frozen fruits, juices, and vegetables:

Stocks, cold storage, end of month:Fruits _ _ _ _ _ thous. of IbFruit juices doVegetables - do

Potatoes, white:Production (crop estimate) _ _ thous. of cwtShipments, carlot _ .no. of carloads _Price, wholesale, U. S. No. 1 (New York)

dol per 100 Ib

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats, rye, wheat) thous. ofbu

Barley:Production (crop estimate) doReceipts, principal markets doStocks, domestic, end of month:

Commercial _ d oOn farms do

Exports, including malt _ doPrices, wholesale (Minneapolis):

No. 2, malting ____dol . per bu_.No. 3, straight do

Corn:Production (crop estimate) mil of buGrindings, wet process thous. of buReceipts, principal markets§ doStocks, domestic, end of month:

Commercial doOn farms mil of bu

Exports, including meal thous ofbuPrices, wholesale:

No. 3, yellow (Chicago) dol. per bu_-Weighted average, 5 markets, all grades do

Oats:Production (crop estimate) mil. of buReceipts, principal markets§ thous of buStocks, domestic, end of month:

Commercial doOn farms do

Exports, including oatmeal doPrice, wholesale, No. 3, white (Chicago) _dol. per bu_.

Rice:Production (crop estimate) thous. of bags 9California:

Receipts, domestic, rough thous. of lb__Shipments from mills, milled rice___ _ . doStocks, rough and cleaned (cleaned basis'), end

of month _ _ . thous. of lb__Southern States (Ark., La.r Tenn., Tex.):

Receipts, rough, at mills doShipments from mills milled rice doStocks, domestic, rough and cleaned (cleaned

basis) end of month mil of IbExports thous of IbPrice wholesale head clean (N O ) dol per Ib

Rye:Production (crop estimate) thous. of buReceipts, principal markets! doStocks, commercial, domestic, end of month, doPrice, wholesale, No. 2 (Minneapolis) ... dol. per bu_-

Wheat:Production (crop estimate) total mil of bu

Spring wheat doWinter wheat do

Receipts, principal markets§ thous of buDisppearance doStocks, end of month:

Canada (Canadian wheat) doUnited States, domestic, totald* mil. of bu_-

Commercial thous. of bu__Interior mills, elevators, and warehouse

thous of buMerchant mills doOn farms do

Exports total including flour do^^heat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

dol. per bu_ _No. 2, hard winter (Kansas City) do __No. 2, red winter (St Louis) doWeighted ave.. 6 markets, all errades d o _ _ _

2,34220, 618

8,398

389, 245321, 536558, 178

18, 558

4.175

42, 159

13, 013

25, 275

4,661

1.2391.099

11, 68622, 993

73, 496

8,554

1.2451.268

11, 313

27, 733

2,947.668

69, 50435, 426

106, 170

29, 721108, 851

956.632, 417

.091

8206,7311.160

28, 577

358, 515

"390,' 669"

25 09321, 161

2.4472.2422.1562.407

2,51113, 931

8,907

341, 964398 941495, 546

18, 039

4.070

38,480

8,913

24, 980

4,549

1.2351.056

12, 03623, 305

76, 559

7,149

1. 259.1.285

6,855

27, 333

1,186.655

59, 40138, 185

100. 920

40, 692103, 244

875.548, 607

.089

4405,2801.216

26, 046

349, 280

~38l,~756~

24 94921, 374

2.4292.2162.2252.388

3,1058,137

11, 436

300, 058399, 902450, 388

23, 446

4.795

58, 386

15, 721

21, 747116,489

8,418

1.2751.123

11, 96326, 727

80, 6451494 1

7,873

1.3211.327

5,432

24, 760567,357

893.661

57, 84130, 936

103, 365

33, 313114, 555

708.9120, 183

.086

5524,2961.222

23, 929248,237

339, 8631,351. 2396,361

503, 572102, 455216,741

40 36135, 834

2.4752. 2852.2062.423

2,9293,863

10, 457

256, 029434, 967427, 200

19, 633

5.695

60, 227

16, 485

23,834

11, 750

1.3131.194

11,14227, 442

84, 793

10, 344

1.4521.497

5,404

21, 916

4,037.682

46, 33122, 791

106, 868

25, 09272, 920

533. 761, 901

.086

1,6664,0801.241

29,874

330, 693

"386,806"

3C, 70128,877

2.4812.3332.3272.445

2,0351,302

12, 249

279, 723538, 673415, 357

19, 049

6. 5*42

71, 850

22, 829

28, 720

10, 384

1.3111.201

12, 32926, 672

87, 954

11, 751

1.5231.521

9,350

21, 697

3,386.708

50. 21135, 691

99, 246

8,680119, 497

430.561, 458

.089

4,4015,7371.164

26, 851

327, 943

~~3~71~777

45, 87341, 658

2.4812.2422.1762.437

639389

9,469

368, 954550, 716481, 368

18, 705

6.600

71, 976

20, 327

37, 5882 39,43910, 637

1.2441.123

11, 09916, 899

79, 665988 89,316

1.5311.524

10, 757

27, 5962 272,127

2,072.724

35, 03738, 186

65, 541

11, 394105, 550

548.5101. 470

.084

5,4289, 5031.151

54, 981291,907

336, 2692 1,100. 52 399,4592 443. 643

2 64, 7412 67, 246

49 54644, 378

2.4572.1001.9922.295

265134

5,855

447, 013506 264588, 076

11, 173

5.925

60, 162

20, 435

45, 145

9,039

1.2761.193

11, 39117, 556

68, 466

6,608

1.5251.548

21, 062

34, 655

2,823.736

68, 84131. 314

72,683

18, 19684, 522

450.3172, 441

.085

4,03810, 0581.329

106, 118

359, 861

452,385

40. 87637, 138

2.4882.0872.0202.231

57267

5,401

476, 719457 801751, 065

10, 164

4.635

61, 558

35, 041

52, 566

6,751

1.2791.211

12, 69417, 663

64, 332

5,944

1. 5711.542

22, 108

41, 287

3,675.733

90,99356, 065

75, 444

232, 494117, 844

387.7278, 597

.083

2,78011, 1751.374

64, 697

351, 092

"467,954

43, 50339, 326

2.3812.1902.1252.345

5546,317

4, 342

489, 423409 656868 687

10, 171

3 515

52, 937

14, 212

51. 447229 774

7,286

1.2531 179

11, 47316, 527

64 1342 3oo 16 313

1.5961.484

8,508

38,424923 394

4,191.715

132, 30294,494

64, 750

919, 691164, 1^1

804.9153, 605

.083

1,07410, 5171.435

39, 257234,077

341. 2181,797. 3467,254

636,280142,165417,276

33, 98428,834

2.3932.2822.2212.389

2,35738, 090

4,017

483, 068354 871914, 895

12, 505

3 394

64, 899

9,956

47, 127

6,238

1.2571.172

13, 05046, 379

79, 865

11, 302

1.2961.320

4,737

31, 285

3,836.733

»• 172,32679, 243

94, 041

851, 623178, 225

1, 221. 1247, 066

.085

1,1189,1431.465

31, 241

348, 506

"446,621"

42, 02936, 212

2.4282.3102.1852.411

2,03633, 933

6,294

467,046303 742905,439

13, 468

3.500

58, 895

11, 821

43, 798

3,981

1.3201.276

11, 81947 353

100,863

17, 243

1.3391.331

4,052

25, 223

3, 535.824

99, 46173, 695

85, 123

159, 556126, 296

1, 192. 3123, 318

.085

6808,1091.471

28, 212

352, 461

429~322

33, 60429, 728

2.4952.3582.3582.494

i 97, 0771,849

' 26, 578

9,672

450, 967294 282857, 942

243, 23812, 123

3.075

76, 785

1 372, 49512, 562

40. 122159, £ 61

3,011

1.2981.258

1 3 45110, 69023, 272

93, 5762 330 915, 583

1.3571.300

1 1, 1535,304

20, 920696 376

5,917.829

1 47, 402

75, 19335, 564

97, 309

38, 683115, 078

1, 026. 2404, 990

P . 085

i 21, 5581,0638,2941.459

1 997. 2i 262. 21 735. 034, 865

311, 400

356, 9201, 487. 5410,347

532, 081126, 218292, 804

51, 07643, 666

2.4262.3432.4052,446

r 1, 59519, 814

T 7, 492

422, 805388 388787, 218

r 15, 524

p 3. 535

10, 303

37, 661

1.2781.237

11, 73132, 736

89, 558

1.3431.322

7,261

19, 495

.820

55, 41039, 331

91, 446

78, 407144, 810

907.0

* .085

4986,3941.499

29, 679

356, 831

"403," 468"

2.4382.3582.4402.439

1,58812, 771

6,527

376 304468 746725 975

15, 672

8,344

37, 055

1.2611.207

102, 758

1.2751.244

17, 795

.784

126, 52398, 210

75, 950

5,4651.400

~386~688~

2.4002.3382.3452.417

r Revised. v Preliminary. * December 1 estimate of 1956 crop.2 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).§ Toledo included beginning with June 1955.9 Bags of 100 lb.d" The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.1 Prior to the August 1956 SURVEY, data were reported in thousands of 60-lb. bushels.


March 1957 SUEVEY OF CTJKRENT BUSINESS S-29


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary


GRAIN AND GRAIN PRODUCTS— Continued

Wheat flour:Production:

Flour t thous. of sacks (100 Ib.)Operations percent of capacityOffal short tons

Grindings of wheatj thous. of buStocks held by mills, end of quarter

thous. of sacks (100 Ib.)Exports doPrices, wholesale:

Spring, short patents (Minneapolis)dol. per sack (100 Ib.)

Winter hard short patents (Kansas City) do

LIVESTOCKCattle and calves:

Slaughter (federally inspected):Calves thous. of animalsCattle- do

Receipts, principal markets doShipments feeder, to 9 corn-belt States doPrices, wholesale:

Beef steers (Chicago) dol. per 100 IbSteers, stocker and feeder (Kansas City).-, doCalves vealers (Chicago) do

Hogs:Slaughter (federally inspected) thous. of animals..Receipts principal markets doPrices:

Wholesale, average, all grades (Chicago)dol. per 100 l b _ _

Hog-corn price ratiobu. of corn equal in value to 100 Ib. of live hog._

Sheep and lambs:Slaughter (federally inspected)— thous. of animals. _Receipts principal markets doShipments, feeder, to 9 corn-belt States doPrices, wholesale:

Lambs, average (Chicago) dol. per 100 IbLambs, feeder, good and choice (Omaha) do._ .

MEATSTotal meats:

Production (carcass weight, leaf lard out) , inspectedslaughter mil oflb

Stocks (excluding lard), cold storage, end of monthmil. of lb__

Exports (including lard) doImports (excluding lard) do

Beef and veal:Production, inspected slaughter doStocks, cold storage, end of month thous. of lb__Exports doImports _ do. _ .Price, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) dol. per lb_.Lamb and mutton:

Production, inspected slaughter thous. of IbStocks, cold storage, end of month __ do __

Pork (including lard), production, inspected slaughtermil. of Ib.

Pork (excluding lard):Production, inspected slaughter thous. oflbStocks, cold storage, end of month do _ ..Exports doImports . __ . . _ do _.Prices, wholesale:

Hams, smoked, composite dol. per IbFresh loins, 8-12 Ib. average (New York) do

Lard:Production, inspected slaughter thous. of IbStocks, dry and cold storage, end of month doExports _ . _ . . _ _ _ _ _ _ _ _ _ d o _Price, wholesale, refined (Chicago) dol. per lb_.

POULTRY AND EGGS

Poultry:Receipts, 5 markets thous. of lb_ _Stocks, cold storage (frozen>, end of month- doPrice, wholesale, live fowls, heavy type, No. 1

(Chicago) ___do l , per lb__Eggs:

Production, farmj millionsDried egg production.. __ -thous. of lb._Stocks, cold storage, end of month:

Shell thous. of cases. .Frozen thous. of Ib

Price, wholesale, extras, large (Chicago)dol. per doz_.

MISCELLANEOUS FOOD PRODUCTS

Confectionery, manufacturers' salescT--- thous. of dol. .Cocoa or cacao beans:

Imports (inch shells) long tonsPrice, wholesale, Accra (New York) dol. perlb..

19, 49087 1

379, 505

44, 818

1 688

6.1805.625

6021,697' 2, 359

249

20.0117.1328.00

6,705r 3, 911

11.08

9.4

1,3291,248

160

19.0016.96

2,312

8589525

1, 034. 8230, 316

6,3397,708

.368

64, 03210, 566

1, 212. 8

883, 358481, 602

8,38615, 309

.446

.346

240, 907183, 615

3 65, 355.123

47, 239214, 723

.250r 5, 167

660

29950, 525

.447

90, 983

31,955.293

17, 86179 5

347, 255

41, 055

I 534

6.2205 600

5861,4841,870

183

18.8517.0428.00

5,9223 262

12.03

10.2

1,163994121

20.0018.60

2,018

8847721

909.9212, 794

9,3537, 169

.347

56, 94810, 060

1, 051. 6

772, 981517, 991

7,60911, 594

.459

.365

203, 189209, 93048, 327

.138

43, 725188, 351

.240

' 5, 1531,459

30642, 473

.398

92, 710

26, 204.275

19, 22681.7

369, 080

44, 044

5,2131,943

6.1105.775

6471,5661,905

196

18.8917.4424. 50

6,327T 3, 300

12.63

10.2

1, 216r 1, 101

139

20.12i 18. 18

2,128

8799021

958.9205, 748

7,2628, 528

.336

59, 2909,875

1, 109. 4

803, 772514. 124

6,19711, 276

.486

.368

224, 101232, 71962, 228

.135

48, 423155, 096

.260

r 5, 7762,612

30961, 604

.406

86, 087

27, 154.265

17, 37877.4

334, 955

39, 945

2 070

6.2155.725

6041,545

r 2, 146216

19.8717.8124.50

5,2522,895

14.60

10.8

1,1291,146

115

20.75(2)

1,930

8618225

945.0187, 985

3,7448,998

.354

53, 7548,976

931.3

681, 626510, 230

5,80414, 029

.503

.425

182, 846226, 017

59, 328.145

47, 203132, 812

.250

* 5, 600'3,154

63894, 569

.396

73, 121

21, 195.263

18, 63979 2

362 902

42, 878

1 809

6.1155.725

6061,6462,124. 196

20.1217.6825.25

4,8752 749

15.50

11.2

1,0631,054

121

26.001 20. 00

1,942

7819324

1, 006. 2168, 995

2,1786,428

,358

47, 2548,481

888.7

650, 629457, 395

6,80715, 885

.501

.478

174,120210, 86468, 955

.153

55, 444120, 001

.250r 5, 565

3,308

1,200140, 048

.392

72, 415

28 798.260

17, 64878 4

341, 813

40, 563

4,7152 218

6.1955 735

5961,6792,146

201

20.7917.0222.50

4,3262 480

15.40

11.0

1,0841 047

113

23.7519.55

1,865

6946923

1, 001. 8149, 260

6,0898,618

.367

46, 2118,620

817.5

599, 853393, 538

5,27713, 099

.534

.461

159, 086203, 20644, 762

.138

55, 987119, 649

.225r 4, 967

2,464

1,453172 366

.371

59, 964

22 318.261

17, 69778 6

347, 871

41, 266

1 604

6.3105 425

6101,7282,543

226

22 2817.3622 50

4,1992 485

15.23

10.6

1,1681 184

151

22.7518.12

1 853

5936624

1, 020. 8140, 703

6,5009,920

.388

50, 5717,975

781.6

577, 249306, 727

4,60212, 626

.526

.502

149, 603178 46142, 213

.138

57, 090126, 769

.190r 4, 760r 1, 678

1,259177 427

.414

54, 961

20 575.290

20, 42082.8

393, 879

46, 875

1 793

6,0405 625

6911,774

r 2, 697580

25 6117.8823 50

4,559r 2 521

16.12

11.2

1,268r 1, 405

361

22.0018.41

1, 883

4616329

1, 026. 0131, 379

3,02315, 192

.443

55, 2469,002

801.5

596, 294203, 596

4,49911, 363

.515

.474

150 261141 05640, 893

.155

67, 334164 422

.185r4 568f 1, 607

1,020167 943

.382

73, 362

14 916.283

19, 88997 3

377, 812

45, 540

5,2922 210

6 0505 655

6611,6172,721

734

27 3117.2221 00

4,9792 676

16.01

10.8

1,1671 770

679

20.5019.00

1 832

4126717

931 1128, 430

7 1727,816

.486

50 9919,703

849.6

638 107165, 514

5 0786,935

486.511

154 242123 39838 075

.155

69 299235 159

.165r 4 461

1 315

727152 015

.459

109 212

12 429.278

21, 89888 9

416, 796

50, 182

2 497

5.9505 710

8721,959

r 3 5591 081

26 0017 3122 50

6,347r 3 512

15.55

13.0

1,4391 948'802

20.0018.71

2 282

4498120

1 128 4163, 02611 9299 486

.452

63 53111 203

1 090 1

817 159167 955

5 8978,436

466.444

199 618106 35246 813

.158

90 080361 756

.150

r 4 8601 205

616131 547

.437

120 685

11 845.255

20 05489 1

377, 713

45 845

1 663

6.1805.785

7631,8072,689

794

23 9717.2922.50

6,5593 483

14.59

11.7

1,1391,085

266

19. 2518.12

2,256

5917422

1,041 7220, 008

2 69210, 853

.417

52, 15011,016

1, 162. 5

862, 470248, 637

6 2758 247

471.409

218 913103 48447 272

.158

90 347368 378

.148

r 4. 8851 010

525108 684

.400

r 118, 264

11 549.266

T 19, 27989 6

365, 415

45, 159

5,5723 180

6.030r 5 725

6051,6862,121

363

21 6516.6721 50

5, 6983 037

16.32

13.3

1,0621,023

145

19.38'•17.85

2,064

'6779524

987 0'263,929

14, 26411, 145

.390

50 262r 11, 590

1, 026. 6

754 561279, 768

8 72610, 714

r 511.421

198 576111 63747 898

.175

75 226r332 817

. 145

r 5 2801 592

'320r 86 807

344

r 96 672

20 810270

22, 16293 6

419, 916

50, 711

P 6. 015p 5 770

6571,8512,203

252

20 9417.68

J» 25 00

5,6553 030

17.52

14.1

1,3331,204

201

20.1218.55

2,199

*619

1,111.7246, 789

.371

64 751

1, 022. 6

754 416293 332

v 517.450

196 353101 098

P. 175

330 135

P. 147

5 369

32876 848

308

96 650

v 231

5501,486

20.2818.24

4,985

16.98

13.7

1,091

20.0019.78

4 637

222, 558

.365

329, 952

.446

297 059

5 022

53766 581

r Revised. » Preliminary. 1 Average for 2 weeks. 2 No quotation.3 Data for January-June 1956 include exports of shortenings (chief weight animal fat); such exports averaged 98,000 pounds per month in 1955.^Revisions for wheat flour production and wheat grindings (January 1954-July 1955) and for egg production (1950-55) will be shown later.cf Revisions for 1954 and 1955 appear in the November 1956 SURVEY.4 Beginning January 1957, figures exclude data for sausage and sausage-room products and edible offal; comparable figure for December 1956 is 606,000,000 Ib.


S-30 SUEVEY OF CUREENT BUSINESS March 1957


1956

Janu-ary

Fea£U- March April May June July August Septem-ber October Novem-

berDecem-

ber

1957

Janu-ary

Febru-ary


MISCELLANEOUS FOOD PRODUCTS— Con.

Coffee:Clearances from Brazil, total thous. of bagscT

To United States --do .Visible supply, United States doImports doPrice, wholesale, Santos, No. 4 (New York)

dol. per lb__Fish:

Stocks, cold storage, end of month. thous. of lb_.Sugar:

Cuban stocks, raw, end of monththous. of Spanish tons__

United States:Deliveries and supply (raw basis) :

Production and receipts:Production short tons..Entries from off-shore, total do

Hawaii and Puerto Rico _ _.do

Deliveries, total do.For domestic consumption doFor export _ .-- do _

Stocks, raw and refined, end of monththous of short tons

Exports short tonsImports:

Raw sugar, total __do _From Cuba doFrom Philippine Islands do

Refined sugar total doFrom Cuba -do

Prices (New York):Raw, wholesale __ dol. per lb.Refined:

Retail§ dol. per 5 IbWholesale dol. per Ib

Tea imports thous. of Ib

TOBACCOLeaf:

Production (crop estimate) mil. of IbStocks, dealers' and manufacturers', end of quarter

total mil. of IbDomestic:

Cigar leaf doAir-cured, fire-cured, flue-cured, and miscel-

laneous domestic mil of IbForeign grown:

Cigar leaf doCigarette tobacco do

Exports including scrap and stems thous. of IbImports including scrap and stems - do

Manufactured products:Production, manufactured tobacco, total do

Chewing plug and twist doSmoking doSnuff _ - _.do

Consumption (withdrawals):Cigarettes (small):

Tax-free millionsTax-paid do_ _.

Cigars (large) tax-paid thousandsManufactured tobacco and snuff, tax-paid

thous. of IbExports, cigarettes - millions-Price (wholesale), cigarettes, manufacturer to whole-

saler and jobber, f. o. b. destinationdol per thous

1,228821704

1,885

.535

163, 178

«• 1, 572

116, 347547, 340115, 080

675, 455633, 079

42, 376

1,8819,721

347, 346238, 517106, 02436, 39420, 526

.059

.500

.0859,381

46, 22810, 795

15, 5676,5095,7043,354

2,09132, 871

453, 272

15, 2981,146

3.938

1,9781,307

7932,182

.575

140, 878

2,482

39, 789521, 462149, 339

619,401613, 522

5,879

1,86111, 961

355,572263, 09792 45245, 62734, 474

.059

.499

.0858,174

29,1519,415

15, 0216,2275,4993,295

2,13230, 733

463, 104

14, 721960

3.938

1,201711770

2,394

.560

127, 459

3,707

38, 740608, 051146, 223

716, 555699, 16517,390

1,761400

348, 430237, 057111 36868, 55660, 368

.060

.499

.08510, 498

5,030

376

4 420

21213

27, 7609,534

16, 0416,3616,4973,184

2,52332, 471

501,912

15, 7021,250

3.938

1,204728753

1,388

.565

122, 741

4,257

22, 411584, 640181,119

746, 474711, 78434, 690

1,61817, 082

317, 420222, 28592, 37155, 12249, 664

.061

.499

.0857,786

30, 2959,741

16,0296.1856,5823,262

2,43030, 185

501, 228

15, 7611,284

3.938

1,562988772

1,616

.573

124, 218

4,022

37, 008635, 828238, 419

732, 440720, 001

12, 439

1,58733, 920

345, 178247, 92897, 23241, 28840, 775

.061

.500

.0866,964

35, 48911, 096

16, 7376,7236,6413,373

2.75136, 164

553, 654

16, 5931,410

3.938

1,464940872

1,803

.580

144, 144

3,581

50, 750601, 064219, 224

803, 328781, 57821, 750

1,42729, 261

376, 216233, 526142, 68840, 09936, 120

.060

.500

.0869,728

4,587

352

4,019

21195

30, 5059,304

15, 4576,7875, 4153,254

2,94134, 303

477, 276

14, 9691,567

3.938

1,379804981

2,071

.588

163, 506

3,181

20,060666, 510187, 036

869, 070865, 344

3,726

1,231456

353, 752260, 12587, 80351, 12449, 871

.061

.500

.0867,564

23, 09410, 193

12, 4675,5674,7702,131

2,49731,032

428, 309

12, 3211,507

3.938

1,397868891

1,446

.603

178, 785

2,432

14, 675741, 221246, 680

916, 359910,060

6,299

1,000519

392, 328288, 15984 64842, 39141,060

.061

.500

.0867,560

36, 10811, 206

17, 2477,0206,7073,520

2,88137, 560

514, 905

17, 1581,346

3.938

1,415899

1,0631,993

.615

195, 648

1,523

113, 448593, 213184, 476

815, 887811, 798

4,089

888625

353, 122272, 28069 7433,687

765

.061

.500

.0869,605

4,783

317

4,270

22174

80, 5889,603

15, 0886,0216,1892,879

2,95430, 403

456, 019

14, 6441,551

3.938

1,449885

1,0301,466

.603

200,838

1,148

591, 151456, 306282, 385

835, 506830, 168

5,238

1 101928

246, 276202, 93035 7755 7223,466

.063

.507

.0877,696

70, 20111,506

17,8016,9647,2053,632

2,67437, 193

549, 541

17, 2451,312

3.938

1,326700

1,1111,377

.600

200,403

973

794, 615282, 508189, 762

669, 715666, 768

2,947

1,614624

138, 54898, 87328 8972,5411,451

.063

.512

.0884,777

42, 7639,940

15, 3466,3315,9703,045

2,58533, 585

632, 063

14, 949908

3.938

1,584898965

1,663

••.603

' 196, 091

873

546, 245202, 74886, 742

665, 418661, 137

4,281

•• 1, 906440

171, 386151, 084

3,0161,075

.064

.518

.08810, 344

i 2, 145

5,356

292

4,873

22170

57, 7438,434

11, 5584,8644,2462,448

2,57225, 070

364, 509

11,7091,475

3.938

1 6711,201

988

.610

168, 596

563

519, 98850, 532

573, 314

1,843

».06£

522* .089

f 3. 938

.609

146, 593

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skins 9 thous. of lb__Calf and kip skins thous of piecesCattle hides _ doGoat and kid skins do.__Sheep and lamb skins do

Prices, wholesale (Chicago):Calfskins, packer heavy 9^£/15 Ib dol. per IbHides steer heavy native over 53 Ib do

LEATHERProduction:

Calf and whole kip thous of skinsCattle hide and side kip thous. of hides and kips. _Goat and kid thous of skinsSheep a n d lamb _ _ > _ . __do

Exports:Sole leather:

Bends backs and sides thous of IbOffal including welting and belting offal do

Upper leather thous of sq ftPrices, wholesale:

Sole, bends, light, f. o. b. tannery dol. per lb._Upper, chrome calf, B and C grades, f. o. b. tan-

nery dol per sq ft- Revised. » Preliminary.i December 1 estimate of 1956 crop. 2 Not separat<? Bags of 132 Ib. §Data represent price for New '

12, 08823719

2,7491,326

.500

.103

8742,2022,2512,212

(2)(2)

3 2, 565

.610

1.013

ely availaY ork and

13, 1478815

2,6742,306

.500

.110

8022,3052,3772,535

(2)(2)

32,507

.610

1.030

ble. 3Northeas

15, 3374725

2,0744,473

.513

.105

8192,2622,2352,310

(2)(2)

3 2, 615

.610

1.030

Excludes £tern New

15, 4458642

2,6113,494

.525

.123

7592,1652,1552,275

(2)(2)

3 2, 466

.620

1.125

mall quaiJersey.

18, 31613242

2,6663,594

.500

.123

7012,3642, 5442,360

(2)C2)

3 2, 978

.630

1.078

atities con9 Includ

14, 8338321

2,2564,012

.500

.128

6442,0762,0612,109

(2)

3 2, 439

.630

1.118

nbined wiLes data fo

11,42113530

2,6231,454

.500

.133

4961,7311,7971,777

5131

2,891

.630

1.118

th other tr types nc

14, 5457434

2,5343,451

.500

.138

6682,2242,0332,578

4636

3,633

.630

1.123

ypes.)t shown s

7,7616934

1,798882

.525

.148

5861,9701,7062,140

3917

3,053

.625

1.123

eparately

9,7725724

1,7592,046

.450

.128

7382,2752,1982,202

4613

3,054

.625

1.118

7,8984321

1,3251,429

.488

.128

••737r 2, 193r 1,820r 2, 113

8422

2,000

.625

1.145

9,38215032

1,9361,032

.475

.108

7221,9881,6631,766

6613

3,092

.625

1.145

p. 438p .115

p. 625

f 1. Ill


March 1957 SUEVEY OF CUEKENT BUSINESS S-31


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:Production total thous. of pairs

Shoes, sandals, and play shoes, except athletic,total thous. of pairs

By kinds:Men's doYouths' and boys' doWomen's doMisses' and children's doInfants' and babies' do -

Slippers for housewear doAthletic doOther footwear - _ _ do

Exports doPrices, wholesale, f. o. b. factory:

Men's and boys' oxfords, dress, cattle hide upper,Goodyear welt 1947-49=100 _

Women's oxfords (nurses'), side upper, Goodyearwelt --- - 1947-49=100.-

Women's and misses' pumps, suede split do

r 53, 263r 49, 356

r 9, 444r 1 912' 26, 624

r 7, 779«• 3, 597r 3 251

r 400"•2561 208

116.8

118.1117.4

56,230

51, 863

10,3041,945

28, 1767,7223,716

3 768431168

!358

116.8

118. 1117.4

55,134

50, 077

10, 0181,915

27, 7316,6633,750

4 482438137

!384

119.8

118.1117.4

48 822

43, 727

9,8831 695

23, 7215 2863,142

4 56843691

1287

124.1

129.9117.4

47 963

42 314

10, 0321 858

21, 9775 3453,102

5 007470172

* 288

124.1

129.9117.4

44 416

38,751

8,0911 561

21, 4955 0562,548

4 987457221

1 236

124.1

129.9117. 4

42 158

36 856

7,5181 567

20,8894 7002,182

4 573356373232

124.1

129.9117.4

54 647

46 469

9 8191 968

25 6006 1302 952

7 252528398352

124.1

129.9117.4

44 569

37 189

8 1691 622

19 7315 0292,638

6 660'476244291

124.1

129.9117.4

51 065

42 183

9 5151 715

21 9505 9103 093

8 072534276333

124 1

131.3117.4

46 039

38 407

8 6971 435

19 8055 4732 997

6 772557303264

124.1

131.3117.4

r 41 944

r 37 107

r 7 744r 1 (554

r ]8 705r Q 016r 2 988

r 4 182r 482r 173

326

124 1

131 3117 4

51 535

47 410

9 0841 937

25 2247 5473 618

2 859477789

v 124 1

•p 131 3v 117.8

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES

National Lumber Manufacturers Association: tProduction, total mil. bd. ft._

Hardwoods - - __doSoftwoods - do

Shipments, total doHardwoods doSoftwoods _- do

Stocks, gross (mill and concentration yards) , end ofmonth, total - mil. bd. ft

Hardwoods doSoftwoods - - do

Exports, total sawmill products -M bd. f t__Imports, total sawmill products do

SOFTWOODS

Douglas flr:tOrders, new mil. bd. ft_Orders, unfilled, end of month _ doProduction doShipments _ doStocks, gross, mill, end of month do._

Exports, total sawmill products. _M bd. ft_.Sawed timber _ _ _ doBoards, planks, scantlings, etc do

Prices, wholesale:Construction, No. 1, dried, 1" x 4", R. L.

dol. perM bd. ft..Flooring, B and better, F. G., V x 4", R. L.

dol. per M bd. f t _ _Southern pine:

Orders, new mil. bd. ftOrders, unfilled, end of month doProduction doShipments _ doStocks, gross (mill and concentration yards), end of

month mil. bd ftExports, total sawmill products _M bd ft

Sawed timber _ _ doBoards, planks, scantlings, etc do__ _

Prices, wholesale, composite:Boards, No, 2 and better, 1" x G", R. L.

dol. per M bd. ft_.Flooring, B and better, F. G., I" x 4", S. L.

dol. per M bd. f t__Western pine:

Orders, new __ mil. bd. ftOrders, unfilled, end of month doProduction doShipments _ _ _ _.doStocks, gross, mill, end of month _ _ doPrice, wholesale, Ponderosa, boards, No. 3 common,

1" x 8" -_. . dol. per M bd. ft

HARDWOOD FLOORING

Maple, beech, and birch:Orders, new . _ _ . _ M bd. ftOrders, unfilled, end of month doProduction _ doShipments doStocks, gross, mill, end of month.. do

Oak:Orders, new _ -_ _ . d oOrders, unfilled, end of month doProduction doShipments _ _ _ _ _ _ _ d oStocks, gross, mill, end of month do

2,940627

2,313

2,908676

2,232

8,7373,2515,486

46, 867255, 873

776705767742

1,060

19, 420(2)(2)

89. 180

134.138

723275733665

1,7996,123(2)(2)

80. 588

152. 206

605457510566

1,745

79.43

4,35012,1504,1003,9507,750

94, 57266, 72896, 89991,00768, 437

2,922625

2,297

2,970678

2,292

8,6893,1985,491

59,280259, 714

742705759743

1,076

20, 020(2)(2)

89. 180

134. 603

671275687671

1,8156,958(2)(2)

81. 294

152. 206

580459531578

1,698

81.30

4,50013, 0503,6503,6507,800

97, 07871,45093, 74389, 51274, 077

3,092601

2,491

3, 265669

2,596

8,5223,1315,391

62, 767292, 078

872758776820

1,033

26, 280(2)(2)

89.320

134. 603

733270729738

1, 8066,540(2)(2)

84. 079

155. 159

678498610639

1,673

82.31

5,65015,0003,9003,7008,000

105, 10680,76598, 61695, 79173, 249

3,145597

2,548

3,268639

2,629

8,3993,0895,310

61, 350265, 140

804734783828988

25, 805

889. 915

3135.001

727287714710

1,8105,639(2)(2)

83. 826

154. 179

681489671690

1,654

83.50

4,90016, 0504,0503,6008,500

91, 13682, 34693, 73891, 37074, 556

3,431627

2,804

3,381593

2,788

8,4503,1235,327

59, 656272, 300

798668843864968

23, 300(2)(2)

89. 786

3135.234

723261760749

1,8217,567(2)(2)

83. 035

154. 546

714441788762

1,680

83.67

5,32516, 9004,2504,1008,700

85,60374, 889

104, 641100, 00779.190

3,312640

2,672

3,167557

2,610

8,5983,2065,392

68,151290, 466

697583767781954

28, 398(2)(2)

89. 174

3134.989

664240691685

1,8277,208(2)(2)

81. 891

153. 934

733424818749

1,750

82.21

4,35015,4004,0005, 0257,700

78, 01062, 22496, 95593, 34980, 516

3,067633

2,434

2,949511

2,438

8,7163,3285,388

70, 485327, 728

712589655706902

34, 01321, 31012, 703

88.206

3132. 570

675221690694

1,8237,9832,0105,973

82. 425

154. 154

685415746694

1,803

79.80

4,52515, 4503,2254,3006,555

79, 69155, 62487,88086, 29181.038

3,538658

2,880

3,262556

2, 706

8,9913,4305,561

64,036332, 975

752566830775956

23, 66912, 88210, 787

86. 773

3131.247

730215729736

1,8168,6141,7406,874

81.884

154. 338

730347912799

1,917

77.39

4,37514, 5504,3505,0006,200

92,40649, 448

102, 49797, 80787, 716

3,147658

2,489

2,871571

2,300

9,2473,5175,730

61, 639294, 502

652554717664

1,010

27, 66416, 69910, 965

85.089

3130.879

641211650645

1,8215,9661,9184,048

81. 884

154. 154

681359769668

2,017

73.53

3,00013, 3503,3003,5006,350

72, 91740, 86787, 73084, 99388.885

3,403654

2,749

3,156584

2,572

9,4963,5865,910

70, 035314, 368

798578825774

1,068

33, 50019, 28614, 214

83. 159

3129.685

711198744724

1,8416,1001,4544,646

81. 794

154. 154

733361808731

2,094

70.83

2,70013,0003,7003,1007,050

86, 42635.800

100, 47593,72995. 631

2,975607

2,368

2,804556

2,248

9,6603,6376,023

55, 235279, 133

683537761725

1,097

24, 26914, H710, 152

81.603

3 130.646

619174690643

1,8886,9791,8415,138

81.794

153. 970

626319600584

2,110

r 70. 10

4,00013,2503,7003,3507,300

74, 84332,29686, 46280,601

101. 492

2, 554550

2,003

2,390507

1,883

9,8243,6816,143

82,249227,006

679608633607

1,122

37, 58422, 22515, 359

' 80, 654

'3130.034

516158615532

1,9719, 5361,8097,727

' 82. 062r 153. 542

554365501508

2,103

' 71. 46

3,95013, 3503,6003,3757,500

62, 52529, 63070,98565,903

106. 574

2,720561

2,159

2,625509

2,116

9,8633,7336,130

651585689674

1,082

» 82. 154

"3131.477

658178738638

2,071

p 80. 486

" 152. 083

540375451530

2,024

f 72. 52

4,25013,7504,3003,8508,100

80,67133, 57387, 01078, 490

115. 094

••Revised. » Preliminary. l Excludes exports of infants' and children's shoes. 2 Not available. 3 For C and better, flat or mixed grain; not entirely comparable with data priorto April 1956.

^Revisions for January 1954-March 1955 for all types and for January 1953-October 1955 for Douglas fir will be shown later.


S-32 SUKVEY OF CUEEENT BUSINESS March 1957


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

LUMBER AND MANUFACTURES—Continued

PLYWOOD

Hardwood (except container and packaging) :Shipments (market), quarterly total

1VI so ft surface measureInventories (for sale) end of quarter do

Softwood (Douglas fir only) , productionM sq. ft., W equivalent 448, 127 443, 094

236, 40536, 938

469, 751 446, 925 431, 560

212, 89239, 183

372, 282 355, 424 475, 763

r 188, 529r 39, 186

411,981 493, 563 444, 773

201 50148 947

506, 066 439, 595

METALS AND MANUFACTURES

IRON AND STEELForeign trade:

Iron and steel products (excl. advanced mfrs.) :Exports, totalcf short tons

Scrapcf - _ _ _ _ _ _ _ _ _ -. d oImports, totalcf - do

Scrap do

Iron and Steel Scrap

Production and receipts, total - _ _ . thous. of short tons_Home scrap produced doPurchased scrap received (net) _ _ _ _ _ d o

Consumption, total doStocks, consumers', end of month do

OreIron ore:

All districts:Mine production __ _ thous. of long tonsShipments doStocks, at mines, end of month _ _ do

Lake Superior district (U. S. and Canadian ores):Shipments from upper lake ports _ doConsumption by furnaces§ doStocks, end of month, total§ __ do

At furnaces §_ doOn Lake Erie docks§ do

Importscf doManganese ore, imports (manganese content) cf-do__ _

Pig Iron and Iron Manufactures

Castings, gray iron:Orders, unfilled, for sale _ _ _ _ thous. of short tonsShipments, total do

For sale _ _ _ . . _ _ doCastings, malleable iron:

Orders, unfilled, for sale short tonsShipments, total _ _ . do

For sale _ doPig iron:

Production. _ . thous. of short tonsConsumption _ . _ _ do >Stocks (consumers' and suppliers'), end of month

thous. of short tons-Prices, wholesale:

Composite dol. per long ton--Basic (furnace) doFoundry, No. 2, Northern do

Steel, Crude and Semimanufactures

Steel castings:Shipments, total- _ _ _ _ . _ short tons

For sale, total doRailway specialties do

Steel forgings (for sale):Orders unfilled thous of short ton<?Shipments, total do

Drop and upset doPress and open hammer _ do

Steel ingots and steel for castings:Production do

Percent o f capacity t _ _ __ _ . __Prices, wholesale:

Composite, finished steel dol. per IbSteel billets, rerolling, carbon, f. o. b. mill

dol. per short ton..Structural shapes (carbon), f. o. b. mill. dol. per IbSteel scrap, No. 1, heavy melting (Pittsburgh)

dol. per long ton--

Steel, Manufactured Products

Barrels and drums, steel, heavy types (for sale) :Orders, unfilled, end of month thousandsShipments -. _ _ - doStocks, end of month do

Cans, metal, shipments (in terms of steel consumed),total for sale and own use short tons _

Food _ _ - doNonfood _ - _ - - - _ do _

Shipments for sale doClosures (for glass containers), production millions-Crowns, production thousand gross

r 793, 976••419,954

144, 67716 410

7,4194 0713, 3487,4927,141

3,2792 1835,002

02 47, 3052 42, 386

2 4, 918

1,46072

1,1581, 250

677

116, 52093, 56254 618

7,0507,028

2,253

58.4558. 5059.00

158, 618123, 34327; 954

588 6160. 1124. 735.5

10, 82899

.0581

78.50.0487

54.50

2,3771,940

69

••293,131r 172, 860' 120, 271r 244, 735

1,35729, 405

905, 604529, 847130, 87213 980

7,1353 8823, 2537 1077,168

3,5922 0817,262

0

1 48481

1,1411, 215

680

113, 61693, 53354 466

6, 6036,576

2,212

58.4558. 5059.00

165, 398128, 59830 833

589 0151. 7118 133.6

10, 11999

.0581

78.50.0487

49.00

2,1461,983

69

295, 970175, 092120, 878250, 723

1,42129. 328

906, 220479, 517134, 96713. 263

7,2384 0873, 1517, 5416, 863

3,6492 0048,905

0i 23, 370

23, 02020, 3652,655

1,39772

1.1631, 255

715

106, 49186, 94146 266

7,1497, 075

2,167

58. 5958.5059.00

170, 045130. 83931. 991

577 7158.9122 236.8

10, 925100

.0581

78.50.0487

48.50

2,2782,251

61

338, 536193, 360145, 176288, 099

1,53334, 369

918,899481, 566141, 59211, 576

7, 1453 9343, 2107,2706,737

8, 0847 3329,657

5, 6747, 457

19, 37317, 1842.189

1,60063

1,1451,218

702

99, 57383, 32047 064

6,9256, 806

2,186

59.6560.0060. 50

163, 708125, 01527, 475

569 4150.0114.835.2

10, 524100

.0581

78.50.0487

54.50

2,3222,294

59

480, 301321, 524158, 777422, 924

1,49537, 619

934, 168500, 966177, 90213, 914

7,5863 9473, 6397,2717,054

12,97013, 7288,918

12, 5547, 916

24, 01021, 4492,562

2,98963

1.0861,236

737

93, 67780, 13851, 053

6,9216, 792

2,292

59.6560.0060. 50

178, 227142, 02535. 949

551.3150. 6112.038.6

10, 49096

. 0583

78.50.0487

49.50

2,3342,469

69

335, 538182, 338153, 200278, 287

1,59123, 862

903, 649520, 391162, 642

14, 492

6, 5953,6772,9186, 7146, 934

13, 23313, 8798,459

12, 9397,194

30, 83527, 4683,367

3,08189

1,0411,152

687

86, 24775, 63545, 022

6,4356,319

2, 315

59.6560.0060.50

164, 661129, 14731, 296

539.6143.4103.440.1

9,72192

.0583

78. 50.0487

44. 50

2,5022,659

65

405, 082224, 296180, 786345, 429

1,49320, 566

676, 112413, 952168, 77613, 102

2,304989

1,3152,2257,013

1,4902, 1437,806

2,666

2,65173

1,109763488

92, 07854, 34031, 300

1,1071,079

2,419

61.0860.0063. 00

117, 98496, 35019, 833

546.998.576.222.2

1,62215

.0583

78.50.0487

44.50

2,5362,379

57

448,559266,366182,193396,181

1,39024, 548

621, 587383, 481225, 35526, 907

6,1273, 2702,8576,1087,027

9,9629. 8987,854

8,0453 6, 85835, 47531, 901

3,574

4,06885

1,0741.103

672

91, 88374, 42243 479

5,1425, 1 73

2,326

62.3562.5063.00

159, 831127, 00132 965

562 4123.289 134.0

8,12375

.0620

84.00.0527

54.00

2,2662,035

65

594, 771419, 818174, 953531, 895

1,59424, 870

907, 275543, 789178, 67425, 024

6,7333, 7552,9786,9796,786

13, 40413, 5127,716

12,7457,217

41,21337, 3763,837

3,53365

1,0371,110

649

92, 55369, 38041,902

6,9336,780

2,396

62.4562.5063.00

155, 046121.70533, 496

553. 8121.588.233.3

10, 42399

.0627

84.00.0527

58.50

2,1261,731

68

533, 264392,161141, 103458, 042

1,36818, 883

1,106,495651, 063254, 249

24 788

7,6644 1623 5027 5296 923

13, 85214, 3057,263

12, 6287,556

47, 48343, 2354,248

3,877103

9961 275

734

92, 73481 52850 219

7,3167,224

2,380

62.4562 5063 00

175, 630135, 79834, 762

538.7148.3110.837.5

11, 049101

.0627

84.00.0527

55.50

2,0701,914

62

516, 542352, 675163. 867453, 972

1,68521, 289

899, 320466, 880296, 64725 607

7,1083 9413,1677,0636,958

8,35110, 2885,327

8,8017 485

50, 53745 9474,591

2 58964

9171 176

635

89, 97782 71747 979

7,0366,986

2,308

62.4562.5063 00

164, 114126 90028 284

553 4134 5100 334 2

10 556100

. 0626

84.00.0527

62.50

1 8951,878

61

265, 169154, 249110, 920219, 267

1,43616, 706

1,160,670621, 775225, 53228 753

r 7, 475r 3 970r 3 505r 7 017r 7 416

4,8374 4485,699

1, 5807,840

45, 50841 231

4, 277

I 63096

9201,109

587

92. 31176 35244 268

7,335r 7 164

r 2, 355

62. 4562 5063 00

158, 725125, 56934, 080

537 9129 696 333. 3

10 838' 99

0628

84.00.0527

66.50

1 7081,874

62

267, 144153 092114,052221, 290

1,28016, 941

p 7, 324p 4 068p 3 256p 7 421P 7 314

7,282p 7 260

v 2, 266

62.45p 62 50p 63 00

11 00997

0629

p 84. 00P 0553

* 62. 50

313, 727182 532131, 195262 981

1,40322. 724

62,45

P 9 987'P 98

r Revised. p Preliminary. 1 Total for January-March. 2 AS of Jan. 1,1956. 3 Total for July-August.§ Beginning 1956, data (compiled jointly by The Lake Superior Iron Ore Association and American Iron and Steel Institute) reflect increased coverage of approximately 70 U. S. and Canadian

furnaces. Also, some U. S. ore previously reported as held on Lake Erie docks is now included in stocks at furnace yards, and certain small stocks of ore, not fully reported in earlier data, arenow more accurately represented. Comparable figures for earlier periods are not available. cf Revisions for 1954 appear in the June 1956 SURVEY and for 1955 in the October 1956 issue, p. S-35.

+ For 1957, percent of capacity is calculated on annual capacity as of January 1, 1957, of 133,459,150 tons of steel; for 1956, data are based on capacity as of January 1, 1956 (128,363,090 tons).

NOTE FOR STEEL PRODUCTS, p. S-33.—Data for semifinished products comprise ingots, blooms, slabs, billets, etc., skelp, and wire rods (formerly included with wire and wireproducts); rails and accessories include wheels and axles. Monthly data for 1950-54 and annual shipments beginning 1933 on the revised basis will be shown later.


March 1957 SUEVEY OF CURRENT BUSINESS S-33


1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

METALS AND MANUFACTURES—ContinuedIRON AND STEEL— Continued

Steel, Manufactured Products— ContinuedSteel products, net shipments:!

Total (all grades) thous. of short tonsSemifinished products ___ _ . _ _ _ _ _ _ _ doStructural shapes (heavy) , steel piling doPlates doRails and accessories _ doBars and tool steel, total do

Bars* Hot rolled (incl light shapes) doReinforcing doCold finished do

Pipe and tubing doWire and wire products . _ _ doTin mill products (incl. black plate) doSheets and strip (incl. electrical), total do

Sheets: Hot rolled doCold rolled (incl. enameling) do _ _

NONFERROUS METALS AND PRODUCTS*Aluminum:

Production, primary, domestic short tons..Estimated recovery from scrap0 _ doImports (general):

Metal and alloys, crude .. doPlates, sheets, etc do

Price, primary ingot, 99%+ dol. per IbAluminum shipments:

Mill products and pig and ingot (net) mil. of IbMill products, total _ do

Plate and sheet doCastings A do

Copper:Production:

Mirm, rpnovp.rablp, oopparA short tonsRefinery, primary do

From domestic ores doFrom foreign ores do

Secondary, recovered as refined do _ _Imports (general):

Refined, unref , scrap© O doRefined do

Exports:Refined, scrap, brass and bronze ingotsO _do _ _

Refined doConsumption, refined (by mills, etc.) _ doStocks, refined, end of month, total _ _ do

Fabricators' doPrice, bars, electrolytic (N. Y.) _ _ dol. per Ib

Copper-base mill and foundry products, shipments(quarterly) :

Brass mill products. mil. of IbCopper wire mill products© doBrass and bronze foundry products.. _ _ do

Lead :Production:

Mine, recoverable leadA- _ __ short tonsSecondary, estimated recoverable© do

Imports (general), ore©, metalO-. - doConsumption, total _ _ doStocks, end of month:

Producers', ore, base bullion, and in process©(ABMS) short tons

Refiners' (primary), ref. and antimonial© doConsumers', total _ doScrap (lead -base, purchased), all consumers do

Price, pig, desilverized (N. Y.) dol. per lb__Tin:

Production, pig, total long tonsImports for consumption:

Ore© .„ _ _ _ _ _ _ d oBars, pigs, etc do

Consumption, pig, total _ . doPrimary _ do

Exports, incl. reexports (metal) O doStocks, pig, end of month, total do

Industry _ _ doPrice, pig, Straits (N. Y.), prompt dol. per lb__

Zinc:Mine production, recoverable zincA short tons_Imports (general):

Ores and concentrates©©- doMetal (slab, blocks)© _ _ do __

Slab zinc:Production (primary smelter), from domestic and

foreign ores short tonsSecondary (redistilled) production, total _ doConsumption, fabricators', total doExports _ _ _ _ _ _ _ d o _Stocks, end of month:

Producers', smelter (AZI)__ _ doConsumers' do

Price, prime Western (St. Louis) dol. per lb__Zinc oxide (zinc content of ore consumed) _short tons__

7,588417467650223

1 189818182178879353555

2,855844

1,310

140, 39432 261

16, 7962 765.2440

r 355 6r 251 6

142 074 2

95, 114117 63193 25224 37914, 349

32 19513* 458

1 18 55413 422

150 392139 66296 405.4375

26 82237 62943, 950

107, 800

117, 16831, 034

129, 13357, 037.1615

1,943

2, 4165 2248.1355, 330

5719 48418, 3001. 0482

41, 166

44, 74918, 651

84 9885,325

96 4061,103

41, 330122 514

.13438,909

7,468416479641202

1 165809174171

872364553

2,777800

1,271

132, 76331,468

12, 6972 313.2440

347 9241.0134 173 1

89, 371121 91691, 07130 84521, 827

48 67418 183

1 21 , 65913 319

143,022142 897104 972

.4459

28 25037 89431, 81198 000

117,53139, 930

130, 61755, 164.1600

1,935

2,7465 4668,1155, 250

4618 38417, 8451. 0053

42, 717

55, 72917, 238

80 9875,342

89 762671

39, 833125 171

.13509,469

8,256447525707238

1 284877217178

952395798

2,910853

1,327

145, 89531, 117

13, 4962 425.2458

390 6279 1156 073 8

98, 104125 03267 04027 99225 932

44 17019 443

* 21 68616 076

151, 070149 390102 272

.4673

688428274

30 95037 04729 69596 600

118,23050, 371

128, 24651, 949.1600

2 012

1,7614 6798,3005 405

43318 42116 9301. 0057

47, 773

41 30012, 178

85 0506,640

91 782554

40, 038127 236

.13508.536

7,784387478712233

1,209801228167

914375787

2,655798

1,191

144, 72629, 154

13, 5721 898.2590

367 3260.6143 967 9

95, 608123 34494, 94328 40124, 491

47 88116 687

1 18,04012 115

149, 803161, 225108 496

.4616

29, 70538 43442, 63596 400

117, 23652, 188

131, 16251, 903.1600

2,075

1,8904 3387, 9f>55,380

8816 18214, 900.9917

44, 888

43, 45314, 081

82 6386,026

87 2221,083

47, 907128 050

.13507,534

7,765393516695206

1,267853230171

1,055408485

2,739794

1,268

150, 80030, 389

19,2172,185. 2590

377.6264.4147.665 8

99, 682133, 13598, 00835, 12724, 318

52 44615, 994

1 30, 30323 922

148, 557164, 055114 888

.4553

29, 97540 42943, 016

101, 200

123, 62148, 843

131, 24353, 116.1600

2,250

1,0534 8017,6155,230

2015 41114, 785.9688

47, 232

39 68814, 124

75 6745,564

81 876413

59, 577119 275

.13505,761

8,078417538754203

1,288826275174

1,000457625

2,796816

1,277

145, 72626, 740

15, 4231 501.2590

332.2240.4132.558 2

94, 942125 76090, 05135 70925, 780

52 99214 683

1 17, 70315 147

129, 631181 233129 095

. 4506

570433263

29 48137 04929, 98298 600

130, 56144 369

119, 61349, 956.1600

1 211

6794 4827,4155 045

9715 22215 195.9448

45, 093

38 09310, 691

72 8845,437

72 815647

69 226108 557

.13505,827

1,289

151, 62426,258

25, 9241, 657.2590

354.7247.9139.653 0

80, 600107, 56581, 81425, 75119, 224

49 32416 782

r 16, 172r 9 39281, 482

239,113155, 068

.4081

27 96933 09428, 96185 900

126, 96047, 628

123, 69550, 798.1600

2 207

1 1824 5774,4152 455

2016 78716, 760.9616

42, 963

41 95512, 631

78 9144, 166

46 548629

102 775103 988

.13507,685

5,5403291347236313 152

3 1, 052364532383 152385733393544

3 2, 4923709

3 1, 100

92, 40628,576

18, 8101, 731.2671

319.2217.8104.361.4

92, 067109, 72683, 58326, 14319,088

r 57, 967r 17, 497r 24, 047r 18, 570125, 478234, 346145, 074

.3963

30, 63033, 53636, 265

105, 900

133, 02837, 706

114, 06653, 339.1600

1,694

9185 3677,3904,915

1919 05017, 570.9896

45, 437

50 46214, 179

84 3955, 154

77 155602

104, 30798 642. 13507,794

7,058367543747211

1,124756234125

831342539

2,353705

1,046

132, 31628, 131

17, 2441,265.2710

307.7217.4117.162.5

85, 292108, 78982, 72726, 06217, 383

47, 88313, 697

27, 27722, 025

115,607219,135132,946

.3960

462363216

27, 41535 35642, 14595 000

126,27438, 650

119,77352, 129.1600

1 587

1 4624 8447,4105,305

1620 58918, 6701. 0357

41, 980

37 96026, 094

84 5835,652

80 258657

102, 16595 269.13508,017

7,931400600796215

1,262849250152

990348588

2,733840

1,211

149, 12534, 997

23, 0971,798.2710

361.4252.3136.574 2

93, 690125 20493, 54231, 66215, 808

63 68515 016

29, 31221 213

' 132, 256221 970121 846

.3862

31 52038 65032' 804

110 100

119, 14140 398

112 75358, 991. 1600

1 993

1 2306 6258 4205 775

9018 35317 6401. 0572

48, 861

47 18231 079

85 7977,696

94 777952

88 81093 896.13508.478

7,431390569775197

1,218820250139

931298451

2,602802

1,189

145, 08132, 571

18, 6481,682.2710

318.9218.3114.669 7

88, 632121 33489, 27732 05716, 597

41 65214 345

25 16517 836

rl!6 538r239 846r!28 489

3570

28 50334 39141 294

101 000

121 05135 196

r!02 68859, 111.1600

1 929

1 2245 9158 0005 550

11219 279

18 3901. 1026

45, 449

39 80327, 580

85 4786, 330

87 2241 091

70 185r 97 325

.13508,136

7,064399564607214

1 166788240129

915263406

2 532826

1 130

148 391

21 4781 361

2710r281 4

194 899 967 3

87 205123 19784 89938 29822 171

60 22614 970

49 24339 620

rl!2 885r 23g' 61 7r 123 302

3565

r 505405225

27 10934 49856, 09589 700

118 07839 129

115, 86556, 906.1600

1 788

1276 2857,2704 895

12020 09119 0751. 0401

44, 084

45 42546 452

91 4966,738

82 272413

68 622101 537

. 13508,968

7,809380573111224

1,180802224144

1,039314649

2,674847

* 1, 232

146, 736

.2710

329.5235.6125.9

p 92,949137 36298, 40138, 96120, 492

43, 10729 933

^133, 084^228 768P113 196

.3565

29 301

120 975

.1600

1.0135

48, 149

78 974

.135011. 126

.2710

3258

.1600

1. 0022

86 841

.1350

r Revised. v Preliminary. ^ Data for January-June 1956 exclude exports of brass and bronze ingots; such exports averaged 68 tons per month in 1955. 2 Secondary plants only.3 For July and August. 4 Excludes shipments of enameling sheets.©Basic metal content. § Beginning with the March 1956 SURVEY, data reflect regrouping of products. For changes not self-explanatory, see note at bottom of p. S-32.*New (or substituted) series in most cases. All series (except as noted) are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to August 1954 for new series will be

shown later. General imports comprise imports for immediate consumption plus material entering the country under bond. Aluminum—prices of aluminum ingot are as quoted by theAmerican Metal Market; shipments of mill products plus pig and ingot are compiled jointly by the U. S. Department of Commerce, BDSA and Bureau of the Census. Copper—secondary pro-duction, exports, consumption, and stocks of copper and shipments of mill and foundry products are compiled by BDSA. Lead—producers' stocks of lead ore and bullion are compiled bythe American Bureau of Metal Statistics; stocks of scrap lead are in gross weight. Zinc—primary smelter production of slab zinc is derived by subtracting secondary (redistilled) productionat primary and secondary smelters (compiled by Bureau of Mines) from total smelter production (compiled by American Zinc Institute).

A Revisions for 1954 (and 1955 for lead) are available upon request.©Revisions for earlier months appear in the July 1956 SURVEY.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

METALS AND MANUFACTURES—Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Radiators and convectors, cast iron:Shipments thous. of sq. ft. of radiationStocks, end of month do . _ _

Oil burners:Shipments numberStocks end of month do

Stoves and ranges, domestic cooking, excl. electric:Shipments, total number

Coal and wood do _ .Gas (incl bungalow and combination)© doKerosene, gasoline, and fuel oil do

Stoves domestic heating shipments, total doCoal and wood - - do _Gas doKerosene, gasoline, and fuel oil _ do

Warm-air furnaces (forced-air and gravity air-flow),shipments total - number

Gas - - doOil . do .Solid fuel do _

Water heaters gas shipments do

MACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly totals:Blowers and fans, new orders thous. of dolUnit heater group new orders do

Foundry equipment (new), new orders, netmo. avg. shipments, 1947-49=100

Furnaces, industrial, new orders, net:Electric processing -thous. of dolFuel-fired (except for hot rolling steel) do

Industrial trucks (electric), shipments:Hand (motorized)* numberRider-type do

Industrial trucks and tractors (gasoline-powered), ship-ments* number

Machine tools (metal-cutting types):© ANew orders (net) total mil. of dol

Domestic doShipments total do

Domestic doEstimated backlog months

Pumps (steam, power, centrifugal and rotary), neworders thous. of dol

Tractors (except contractors' off-highway and garden) : AShipments total thous of dol

Wheel-type doTracklaying do

ELECTRICAL EQUIPMENT

Batteries (automotive replacement only), shipments tthousands

Household electrical appliances:Refrigeration output (seas adj )* 1947-49—100Vacuum cleaners (standard type), sales billed

thousandsWashers domestic sales billed do

Radio sets, production! doTelevision sets (incl. combination), production!

thousands _-Insulating materials and related products:

Insulating materials, sales billed, index1947-49=100

Vulcanized fiber products:Consumption of fiber paper thous of IbShipments of vulcanized productscT thous of dol

Steel conduit (rigid), shipments _ -thous. of ft_.

Motors and generators, quarterly:New orders index 1947-49=100Polyphase induction motors, 1-200 hp:^

New orders thous. of dolBillings do

Direct current motors and generators, 1-200 hp:^[New orders thous of dolBillings do

2,0184,866

49 75955, 144

167, 4355,084

153, 5168,835

90 7556,896

57 04426,815

87 49756, 78227, 8592,856

224, 004

195.6

2,1026,189

570409

1,777

109. 5596.7054.6049.40

8.4

8,094

79, 37544, 02635, 349

2,058

'•154

302.2393.7

1, 078. 6

588.3

159.0

4,6782,248

27, 432

2,2365,013

44 69763, 952

192, 9535,039

178, 4419,473

106 29310, 24558, 84937,199

78 90651, 02525,4172,464

246, 098

169.0

1,7689,770

603491

1,765

81.3072.3564.6058.70

8.5

7,735

79, 52642, 79536, 731

1,340

' 156

286.4405.6

1, 093. 5

576.3

163.0

4,5672,136

32, 877

1,8025,814

47 89073, 835

194, 4544,958

181, 4808,016

131 23410, 63676 97043, 628

84 88256, 52726, 2802,075

254, 786

64, 78516, 954

152.7

2,2213,526

671503

2,170

89.5080.0574.1567.85

8.6

8,987

86, 76744, 24442, 523

1,348

»-156

395.7405.7

1 1, 360. 1

1680.0

168.0

4,9812,234

34, 743

224.0

53, 26646, 766

11,5098,883

1,9006,082

50,79877, 713

174, 6274,572

161, 3228,733

125, 58014, 31071, 69439, 576

84, 99257, 39025, 3112,291

230, 056

135.2

1,9246,182

624503

2,232

79.3074.0071.8065.00

8.4

8,865

92, 79442, 99649, 798

1,368

••155

352. 9324.2993.0

549.6

163.0

4,7922,338

37, 840

1,5776,912

51, 65080, 563

178, 0694,159

166, 6277,283

166, 16718, 51199, 15948, 497

93, 59063, 75126, 5853,254

231, 388

207.0

2,0351,178

719520

2,254

87.1079.4576.8070.50

8.2

9,903

81, 34234, 05447, 292

1,761r 147

326.0315.2

1, 060. 2

467.9

158.0

4,9002,050

43, 495

1,6187,519

66,49875,128

179, 8994,154

169, 5396,206

206, 63724, 269

132, 47449, 894

104, 16770,20430, 4343,529

236, 758

75, 09920, 117

156.7

2, 5551,432

702533

2,141

61.8555.6576.2569.55

7.8

8,240

71, 84927, 04244, 807

1,807

••142

248.3340.2

11,073.8

i 553. 0

156.0

4,8041,903

54, 144

253.0

61, 18651, 572

12, 52811, 321

1,9596,626

57, 75274, 320

155, 7254,065

146, 8454,815

280, 61732, 832

183, 31564, 470

111,61471, 96234, 7704,882

226, 532

110.3

1,0892,726

682512

2,725

61.9055.2565.1560.70

7.8

7,587

57,28320, 84036, 443

2,178

••160

259.8380.2566.7

336.9

117.0

3,5401,450

42, 513

2,9965,977

85 27864,527

206, 5067,183

187, 48411, 839

348, 64554, 526

215, 86178, 258

159,70499, 71252, 8737,119

237, 962

188.3

3,2632,988

554374

2,137

87.5078.2575.1069.00

7.7

8,336

63, 32124, 55638, 765

2,571

'146

276.9373.9990.8

612.9

153.0

4,8291,930

30,344

3,0895,277

97 74651, 778

204, 4465, 789

190, 9847,673

347 68858,212

195 53393, 943

154 50994,84551 6388,026

217 277

52, 27520,297

114.7

1,4101,007

577442

2,141

78.4568.8071.1065.40

7.7

8,436

63, 23129, 65633, 575

2,711

'159

320.3402.6

U,319.2

i 894. 2

' 141. 0

4,1581,694

28,700

228.0

55, 18757, 156

12, 13610, 815

3,7194,263

94 91048,903

217, 8986, 536

202, 8508,512

383 58263, 483

224 50795, 592

133 32181, 46245 1186,741

225, 632

122.2

2,1315,447

682491

2,191

66.1057.5589.7579.85

7.2

63, 32227, 61935, 703

3,015

'132

372.0449.4

1, 348. 9

820.8

163.0

4, 6741,956

31, 596

2,5894,074

64 88150, 162

161, 0705,537

149, 6755,858

242 32230 905

160 61150 806

99 54362, 98732 3034,253

182 266

121.0

1,5871,767

565501

2,206

64.2558.7081.7073.60

6.7

55, 47122, 73132, 740

2,592r136

300.4357.9

1, 381. 8

680.0

149.0

4,2401,812

31, 156

38,72950,329

134, 8784,387

125, 1395,352

85 53610, 53756 14018, 859

71 30547, 47921, 201

2, 625153, 198

47, 82419, 954

115.6

2,0952 943

521442

1,977r 57. 20' 51. 90r 85. 15r 75 05

6 2

63 65629, 68933, 967

«• 2, 265r!51

281.0298.4

11,715.2

1627.0

139.0

2 4, 4642 1, 78433, 318

52, 39551, 859

11 33313,293

2 0624 581

p 63 00P 56 10r> 76 60P 67 75

p 6 1

74 63538 25136 384

2,638

*133

276.7349.9

* 1,085. 5

'450.2

^ 1, 619. 5

v 557.1

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production}: thous. of short tons..Stocks hi producers' storage yards, end of month

thous. of short tons__Exports _ doPrices:

Retail, composite - dol. per short tonWholesale, chestnut, f. o. b. car at mine do

2,712

555390

26.3714. 124

2,334

433331

26.8814. 124

2,029

425231

26.8814. 124

2,233

431244

26.8812. 460

1,925

371334

25.7412. 460

2,442

282405

25.8912. 460

1,869

331359

25.9912. 880

2,699

529465

26.2112.880

2,481

519680

26.2313.055

2,938

388659

27. 1513. 755

2,600

364488

27.8714. 490

2,316

342658

28.99' 15. 575

'2,265

264

29.41P 15. 575

1,924

r Revised. » Preliminary. 1 Represents 5 weeks' production. 2 Data beginning December 1956 cover one additional company.©Beginning January 1956, data are estimated industry totals compiled by Gas Appliance Manufacturers' Association from reports of manufacturers whose shipments represent 80 to 95

percent of those for the industry. ©Comparable data back to 1945 are available upon request. ADiffers from series shown in 1955 edition of BUSINESS STATISTICS.*New series. Data for trucks and tractors, compiled by the Industrial Truck Association, are available beginning January 1955. The refrigeration index, compiled by the Board of Governors

of the Federal Reserve System, reflects changes in total output of refrigerators, freezers, room air conditioners, and dehumidifiers; data are available beginning January 1947.t Unpublished revisions (January 1954-October 1955), reflecting adjustments to the 1954 Census of Manufactures, are available upon request.§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September, and December 1956

cover 5 weeks; other months, 4 weeks. ^Revisions for 1954 and January-April 1955 are available upon request.cfData for January-April 1956 include shipments of hollow ware (averaging $189,000 per month in 1955); in other months, such shipments are excluded.IData for polyphase induction motors cover from 32 to 34 companies; for direct current motors and generators, from 25 to 27 companies.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

PETROLEUM, COAL, AND PRODUCTS—Continued

COAL— ContinuedBituminous:

Production thous. of short tons _Industrial consumption and retail deliveries, total J

thous. of short tonsIndustrial consumption total J do

Electric- power utilities _doCoke ovens doBeehive coke ovens -doSteel and rolling mills doCement mills doOther industrials do

Railroads (class I) doBunker fuel (foreign trade) do_

Retail-dealer deliveries do

Stocks, industrial and retail dealers', end of month,total thous. of short tons _

Industrial total doElectric-power utilities doCoke ovens doSteel and rolling mills -doCement mills doOther industrials -do_ _Railroads (class I) do

Retail dealers . do

Exports . _ doPrices:

Retail, composite dol per short tonWholesale:

Screenings, indust use f o b car at mine doLarge domestic sizes, f o b . car at mine do

COKEProduction:

Beehive thous of short tonsOven (byproduct) doPetroleum coke 9 do

Stocks, end of month:Oven-coke plants total do

At furnace plants doAt merchant plants do

Petroleum coke _ doExports doPrice, beehive, Connellsville (furnace)

dol. per short ton__

PETROLEUM AND PRODUCTS

Crude petroleum:Wells completed numberProduction ef thous. of bblRefinery operations percent of capacityConsumption (runs to stills) thous of bblStocks, end of month:

Gasoline-bearing in U. S., total. doAt refineries - doAt tank farms and in pipelines doOn leases _ _ do

Exports _ _ _ doImports doPrice (Oklahoma-Kansas) at wells dol. per bbl

Refined petroleum products:Fuel oil:

Production:Distillate fuel oil thous of bblResidual fuel oil do

Domestic demand: efDistillate fuel oil doResidual fuel oil do

Consumption by type of consumer:Electric-power plants doRailways (class I) doVessels (bunker oil) do

Stocks, end of month:Distillate fuel oil doResidual fuel oil _ do

Exports:Distillate fuel oil doResidual fuel oil do

Prices, wholesale:Distillate (New York Harbor, No. 2 fuel)

dol per galResidual (Okla , No. 6 fuel) dol. per bbl

Kerosene:Production thous. of bblDomestic demandcf doStocks, end of month _ doExports doPrice, wholesale, bulk lots (New York Harbor)

dol. Dergal__

45, 505

45, 47337, 59214, 9369,450

409565848

10,019

1,3623

7,881

65, 79764,85236, 44212, 562

5791,132

13, 0641,073

945

4,189

15.55

4.7327.233

2606.661

531

1,6491, 433

21532163

14.13

2,643223, 160

95248, 721

261, 59267, 940

173, 38320, 269

99425, 732

2.82

59, 61741, 674

83,74159 673

8 2218,7986,292

86, 14138, 247

1,5161,146

.1061.95

11, 94017, 42621, 310

176

.111

42, 575

41, 22134 23113, 1818 821

396520753

9 358

1,1975

6 990

65, 26164 39436, 17112 342

5511,050

13,286994

867

3,825

15 56

4 7317.229

2486,235

499

1,6351,479

15533345

14.13

2,533209, 027

95233, 374

259, 50468, 516

171, 05019, 938

50124,906

2.82

55 62237, 291

69, 16554 412

7 0958 2315,611

71, 33535, 673

1,7701,264

1062.00

11, 16513, 83018, 712

53

.111

43, 150

41, 12135, 12413, 1019,424

437533789

9,629

1,2065

5,997

65, 84765, 19436, 63312, 840

534986

13, 259942

653

3,935

15 57

4 7797.071

2736,625

523

1,6741,535

13934452

14.13

2, 502225, 625

93245, 340

265, 68370, 152

175, 70419, 827

1,15528,737

2.82

56, 04537, 618

65, 63152,493

6 2248,4246,642

60, 84632, 984

1,5741,346

.1062.00

10, 59012, 14017, 215

83

.111

40, 040

36, 08631 90011,7099 066

413465737

8,377

1,09340

4,186

67, 23766, 53637, 87012 865

5481,007

13, 339907

701

5,366

15 57

5 0456.576

2516,380

454

1,7431,567

17634740

14.13

2,646214, 386

88224,623

277, 12172,209

184, 80720, 105

61026, 244

2.82

51 38733, 892

46, 58846 470

5 7588 1186,408

63, 57132, 740

2,3951,685

1062.00

8 9787,960

18, 227134

.111

44, 010

34, 47531 49911, 7879 168

420400768

7 866

1 02862

2 976

71, 79670 96540,22313 606

5691,100

14, 573894

831

5,898

15 25

5 0566.620

2596,467

495

1,8881,650

23834452

14.13

2,977218, 976

93244 784

277, 49770, 706

186, 11320,678

1,23630, 325

2.82

51 66535, 609

38, 30043 505

4 4688 1266,940

75,92836, 607

1,3121,819

1062 00

9 0585,170

21, 883325

.111

39, 440

31, 86729 86212, 0658 485

354376748

6,906

86563

2,005

73, 67872, 69541, 23614, 005

5561,185

14, 733980

983

6,570

15 26

5 0576 735

2166,020

538

1,9391,644

29534263

14.13

2,574212, 997

95242, 119

274, 49167, 805

185, 88220,804

86630, 045

2.82

52, 64032, 951

33, 46939 889

4 6157,8577,034

93, 75839, 073

1,5442,108

1062 00

8,7044,364

26,111209

.111

30, 375

24,60022, 64911, 7503, 130

93142764

6,004

70957

1,951

71, 48970, 41141, 18613, 101

5531,267

13, 343961

1,078

6,567

15.31

5 0516.795

522,253

552

»• 2, 634r 2, 185

44935536

14.13

2,680219, 805

94248, 439

277, 00870. 297

185, 83120,880

74834, 041

2.82

54, 77533, 037

31,49036,144

4 3237,8426,957

115, 78743, 958

1,7202,155

1062 00

9,1706,213

28, 990180

.111

44,050

32 35929 55712,9077 783

189333766

6,652

86859

2 802

74, 31273 15243, Oil13 369

5381 362

13, 943929

1,160

7,656

15 45

5 0836.987

1195,496

535

2 9632,437

52634169

14.35

2,995223, 046

94247 851

279, 94471, 995

187, 12320, 826

1,17931,602

2.82

57 00733, 823

33, 03339 422

5 1778 3267,319

137, 90546, 617

2,0942,170

1062 00

9,7166,850

31, 82690

.111

40, 220

33, 31930 12412 1758 915

248358809

6 645

91658

3 195

76 02674 9f 444 56413 522

5241 406

14 022916

1 072

6 453

15 74

5 0917 120

1546 299

519

2 8H2 304

50733668

14.50

2,245211 616

94240 708

278, 79172 749

184 89521, 147

80529 420

2.82

55 35431 868

41 08839 452

5 2027 5526, 596

150 41147, 342

2 1701,734

1062.00

9 8728,151

33, 58858

.111

47 860

36, 26932 74813 2259 266

304437753

7 695

1 00860

3 521

78 89777 70646 43414 006

6091 549

14 190918

1 191

6 650

16 04

5 4267 546

1866 556

505

2 5842 107

477308

49

14. 50

2,611215 936

87235 842

286, 56075 178

190 08121 301

1,44433 976

2.82

54 91733 543

44 25445 461

6 2668 6877,480

158 87148 400

2 6221,343

1092 00

11 0448 714

35, 667330

.116

44,430

37 11033 46213 7518 979

337457786

8 072

1 01961

3 648

78 97677 80646 72614 093

5801 612

13 963832

1 170

6 312

16 27

5 4327 604

r 2056 328

519

r 2 4422*003r 439

31263

14.50

2 417214 174

93240 944

275 99570 416

184 4772l' 102

8 33228 350

2.82

55 24535 471

57 80850' 389

7 1308 3237,031

151 51744 590

5 1192 282

1092 25

11 50812 43434,329

562

.115

38, 850r 38 953r34 980

14 431r 9 383

r 360523

r7928 427

1 037r27

3 973

78 00876 886

MS 956r 13 394

539r i 57614 061

860

1 122

5 092

16 2^

r 5 433r 7 630

2206 616

549

2 3261 924

40226357

15.00

2,335228 684

93252 361

266, 01471 721

173 27821 015

10, 54426 491

2 82

61 41339, 922

71, 39454 381

8 2248 7127,916

133, 98144, 491

7,9593,226

1092 25

11, 73514, 11431,420

659

.115

43 700

42 79137 01815 6699 365

405593809

9 194

9785

5 773

73 12372 28543 40912 946

5111 377

13 245797

838

16 31

p 5 433p 7 630

2466 6042 096

1 793

303

15.00

9 904

7,999

39,260

15.19

*• Revised. * Preliminary.^Revised (effective with the October 1955 SURVEY) to include bunker fuel.9 Includes nonmarketable catalyst coke.0" Revisions for 1954 and 1955 will be published later.




1956

Janu-ary



Decem-ber

1957

Janu-ary

Febru-ary

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedLubricants:

Production thous. of bbl__Domestic demand 9 doStocks, refinery, end of month doExports _ doPrice, wholesale, bright stock (midcontinent, f. o. b.

Tulsa) _ dol. per galMo tor fuel:

Gasoline (including aviation) :Production, total 9 thous of bbl

Gasoline and naphtha from crude oil doNatural -gas liquids:

Used at refineries (inch benzoD doUsed in other gasoline blends etc 9 do

Domestic demand 9 doStocks, end of month:

Finished gasoline doAt refineries do

Unfinished gasoline doNatural gasoline and allied products do

E sports (motor fuel, gasoline, jet fuel) _ doPrices, gasoline:

Wholesale, refinery (Oklahoma, group 3)dol. per gal

Wholesale, regular grade (N Y ) doRetail, service stations, 50 cities do

Aviation gasoline:Production, total thous. of bbl

100-octane and above do _Stocks, end of month total do

100 -octane and above doJet fuel:*

Production... doDomestic demand doStocks, end of month _ do _.

Asphalt:©Production doStocks, refinery, end of month do

Wax:OProduction. doSton.ks rp.finory p.nrl of month do

Asphalt products, shipments:Asphalt roofing, total thous. of squares

Roll roofing and cap sheet:Smooth surfaced doIVTinpral surfaced do

Shingles all types doAsphalt sidings doSaturated felts short tons

4,9853,5129,1671,011

.200

121, 733108, 247

10, 8832,603

100, 642

172, 865101, 16011, 04011, 605

2,129

.110

.130

.214

8,8766,624

10, 4086,439

4,4943,8704,081

4,4339,051

444538

3,188

626630

1, 93283

53, 945

4,5363,4159,309

921

.210

111, 75499, 106

9,5073,141

98,088

184, 554109, 77211, 53811, 392

1,194

.110

.130

.213

8,0176,245

11, 4967,304

5,0534,9864,148

4,73310, 608

444566

4,624

958902

2,765112

83, 527

4,9963,4789,6461,120

.220

118, 699105, 518

10, 2402,941

113, 128

187, 981110, 00111,71712, 642

2,247

.110

.125

.214

8,8797,056

11, 4387,185

5,7525,5644,336

5,94812, 067

479517

6,157

1,1991 2303, 728

12098, 828

5,1083,7679,7251,208

.220

109, 36596, 627

10, 0922,646

113, 034

182, 564103, 41010, 73514, 356

1,995

.113

.125

.215

9,2047,455

11, 7997,706

4,9615,1174,178

6,63613, 187

388502

3,951

679829

2,44364

52, 267

5,1643,9819,5421,295

.220

119, 640106, 115

10, 3233,202

124, 114

174, 49495, 47912. 17916, 717

1,968

.118

.125

.218

9,3677,123

11, 5817,347

6,1835,6824,664

8,07212, 954

485550

5,499

8951,1893,415

7877, 295

5,0103,5999,7541,127

.220

119, 267106, 118

10. 2732,876

127, 413

164, 82688, 64012, 25019, 586

1,812

.118

.1253.218

9.5367,151

11, 9597,268

5,6155,9074,372

9,43411, 423

448566

5,757

9821 1103 664

9584, 895

4,7493,7179,6941,028

.220

123, 229109, 338

10, 8633,028

121, 243

164, 59086, 11811, 94621, 595

2,387

.118

.1252.220

9,5357,290

12, 0867,239

5,6685,9504,090

10, 0259,635

399566

5,800

9741 2813 625

10185, 332

5,0053,8559,5471,234

1 .240

125, 142110, 474

11, 1183,550

126, 207

161, 14284,03611, 79722, 307

1,999

.118

.125a. 216

9,8377,784

11,9197,108

5,8905,4054,574

10, 5717,680

466577

6,166

1,1171,4193,630

11784, 120

4,7063,4959,6641,0351 .240

119, 721105, 676

11, 3992,646

112, 691

167, 03286, 31310, 94223, 653

2,510

.118

.1252.217

9,3357,263

11, 6816,880

5,8615,7324,637

9,8056, 832

441608

5,724

1,0331,4643,227

12578, 237

5,1124,1189,5361,064

i .240

116, 953102, 079

13, 4551,419

120, 133

161,30882,99411, 49024, 178

2,181

.115

2.216

9,4137,630

11, 6257,010

5,6195,8324,424

9,5026,601

450605

6,161

1,1451 5433,473

14885, 158

4,9703,506

10, 060891

1.240

117,398102, 635

13, 1451,618

r 112, 636

163, 08685, 72011, 72222, 934

2,469

.115

2.215

9,2187,269

11, 7817,362

5,3165,1624,576

6 5727,755

446611

4,011

758927

2,326124

69, 463

4,8703,491

10, 1821,197

1.240

125, 199109, 792

13, 7641,643

108, 215

174, 65496, 08112, 61720, 559

4,142

115

2.215

9,5967,340

12, 4357,439

6,0315, 1855,322

4,9059,150

477658

2,227

406515

1,30663

51, 520

1.227

3,853

813833

2,177103

77, 539

.225

PULP, PAPER, AND PRINTING

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts thous of cords (128 cu ft )Consumption doStocks, end of month do

Waste paper:Receipts _ _ _ _ _ _ _ _ _ short tonsConsumption doStocks, end of month do

WOOD PULPProduction :cf

Total, all grades thous. of short tonsDissolving and special alpha. doSulfate. doSulfite doGround wood doDefibrated or exploded doSoda, semichern., screenings, damaged, etc do

Stocks, end of month .-d"Total, all mills do

Pulp mills _ _ _ _ _ _ _ d o _Paper and board mills doNonpaper mills do

Exports, all grades, total 9 doDissolving and special alpha _ _ _ _ _ do. _All other do

Imports, all grades, total 9 doDissolving and special alpha doAll other do __

3,2343,0395,027

750. 367765, 042445, 724

1. 890. 982.8

1.019.7241.5246.1106.1194.8

775.1156.1518.3100.7

38.815.023.9

201.214. 1

187.1

3,0762,9245,165

755, 915763, 252445, 456

1, 813. 688.4

989.2222.7240.897.3

175.3

785.9165.2520.5100.2

47.215.931.3

191.114.8

176.3

3,1473,1065,203

811, 788811,383446, 947

1, 913. 093.5

1,031.1225. 1261.5108.8193. 1

777.0169. 2502.4105.4

49.715.734.1

168. 719.4

149.4

2,7073,0104,899

775, 057755, 298467, 945

1, 859. 565.8

1,016.1246. 2246.0102.0183.4

780.8181. 6493.3105.8

42.918.824.1

171.918.9

152.9

2,8383,1474,586

800, 360787, 483482, 817

1, 954. 487.8

1,069.2229. 1268.0106.3194.0

797.6190.5504.9102.2

46.222.923.3

211.917.9

194.0

2 9893,0124,567

752, 916756, 640480, 174

1 863 979.5

1, 026. 8219. 1256. 4102. 1180.2

813.2200.4518.2100.6

46.320.226. 1

201.617 9

183.7

3,1612,8264,894

650, 110617, 505514, 619

1,723 458.3

950. 2218 0244.794.7

157 5

H9.0200.3548.6100.0

39.418.221.2

210. 313 8

196.5

3,6193,0985,418

756, 614770, 437498, 997

1, 908. 378.0

1, 056. 9223.9264.5106.6178.3

872.9200.5577.5102.1

50.217.432.8

211.312 0

199.3

3,1662,8155,767

691, 112691,688503,018

1, 728. 776.6

950.7197.8243.395.4

164.9

885.4196.4584.2104.9

37.512.724.8

183.711 0

172.7

3 2993,1365,929

788, 644772, 217514, 999

1 940 779.9

1, 071. 5238 0262.8100 3188 2

909 0' 199. 4

603 4106.3

41.613.328.4

213.110 1

203.0

3,0943,0016,030

726, 934718, 128523, 759

1, 856. 581.7

1, 032. 0215.9255.489.4

182. 1

934.4219.5610.6104.3

47 410.437 0

190 413 3

177.1

2,8442,6436,228

660, 938645, 179540, 585

1, 675. 972.8

920.3201.7231.778.5

171.0

911.5189.3616.8105.4

40.716.433.3

177.111.0

166.2r Revised. *> Preliminary. 1 Effective August 1956, for "solvent refined" instead of "conventional"; August 1956 price on former basis was unchanged from July 1956.2 Average for 54 representative cities throughout the United States; essentially comparable with data through May 1956.9 Revisions for petroleum products (domestic demand, gasoline production, and natural gas liquids used in blends) for 1954, and 1955, and wood pulp (exports and imports) for January

1954-July 1955 will be published later.*New series. Prior to 1954, included with data for gasoline, kerosene, and distillate fuel oil; for January-July 1954 figures, see note "*" on p. S-35 of the September 1955 SURVEY and earlier

©Asphalt—5.5 bbl. = 1 short ton; wax—1 bbl.=280 Ib.(^Effective with the October 1955 SURVEY, data as compiled by the Bureau of the Census have been substituted for those from the United States Pulp Producers Association.


March 1957 SUEVEY OF CUEEENT BUSINESS S-37


1956

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


Decem-ber

1957

Janu- Febru-ary ary

PULP, PAPER, AND PRINTING—Continued

PAPER AND PAPER PRODUCTS

All paper and board mills, production:!Paper and board, total _ _ thous. of short tons__

Paper -- -- do_ --Paperboard do -\Vet-machineboard __ - doConstruction paper and board do

Paper, excl. building paper, newsprint, and paperboard(American Paper and Pulp Association) :

Orders, new thous. of short tons. _Orders unfilled end of month doProduction doShipments doStocks end of month do__ _

Fine paper:Orders new - doOrders unfilled, end of month doProduction doShipments -doStocks end of month - do

Printing paper:Orders new do__Orders' unfilled, end of month do _ _Production do__Shipments -- doStocks end of month -doPrice, wholesale, book paper, "A" grade, English

finish white, f o. b. mill dol. per 100 lb__Coarse paper:

Orders, new - - thous. of short tons. _Orders unfilled end of month _ _ do_ _ _Production doShipments doStocks end of month do

Newsprint:Canada (incl. Newfoundland):

Production doShipments from mills doStocks at mills, end of month do

United States:Consumption by publishers doProduction J doShipments from mills J doStocks, end of month:

At mills doAt publishers doIn transit to publishers - _-do

Importscf - doPrice, rolls, contract, delivered to principal ports

dol. per short ton. _Paperboard (National Paperboard Association):

Orders new thous. of short tonsOrders unfilled, end of month _ do__Production total do

Percent of activity -Paper products:

Shipping containers, corrugated and solid fiber,shipments! mil. sq. ft. surface area

Folding paper boxes, index of value:New orders 1947-49= 100- .Shipments - do

PRINTING

Book publication, total number of editions..New books __ _ _ doNew editions do

2,6551, 1611,233

12250

i 906. 11 881. 7

1,030.61 858. 11 391.0

133.5122.7132 0133.896.4

390.5502.9348.8346.1155.0

15.05

325.7210.1332.3322.593.7

523.3502.3101.1

402.3139.5140.5

7.3360.0112.0

459.3

129. 00

1, 195. 4539.5

1, 165 4100

7,588

195.7164.9

717570147

2,5981,1321,198

12256

1 885. 91 891 8

1,011.01 857. 91 401. 8

126.1116.9125 3127.493 2

362.9492.4348 8344.3159.5

15. 05

342.2229.2334 9331.897.8

514 7501.6114.1

397 8130. 5132.0

5.8366 1107.2

430.2

130. 25

1 155 3584.2

1 209 1100

7,758

189.4189 0

851615236

2,7611,2061,252

13290

i 982. 11 929. 5

1, 066. 9i 914. 0i 397. 5

149.8131.9144.5144.096.2

407.0519.7366.8365.8160.5

15.05

365.7222.1345.6346.789.5

552.9534.8132.2

446.1149.0147.3

7.4366 3103.9

442.4

2130.10

1 303 0547.0

1 291 1100

8 686

232.0186 1

1,3341,066

268

2,6431,1631,200

12268

i 890. 5*952 8

1,035.21 878. 41 401. 7

137.8133.5135 6136.199 8

371 9548. 5348 5348.9160.0

15.05

324.5215 8334 1334.391.2

518 4508.4142.2

461 8138.3136 3

9 4342 393 8

431.5

2130.10

1 210 7535 0

1 184 898

7 979

206 8166 4

1,125912213

2,7611,1981,274

13277

i 910. 1i 957 7

1, 057. 5i 908. 8i 401. 6

144.8143.7141 3142 2100 2

372 7545.5368 0368.2159 8

15.05

338.0213 3343 6342.489.2

550 5551 8141.0

464 1149 0149 6

8 9348 798 5

489 8

2 130. 10

1 282 4557 9

1 289 597

8 287

197 8185 5

982798184

2,6551,1651,210

13267

i 854. 3i 904. 0

1, 029. 4i 891. 5i 399. 0

129.9143.1136 4141.498 8

362 5531.1357 0357.8159 1

15.27

309.7181 9336 1332 790.9

536 4544 5132 9

422 4141 9144 4

6 4376 1112 2

4647

* 130. 10

1 120 9418 2

1 233 598

8 315

202 8180 0

956773183

2,3711,0681,043

10250

i 827. 2i 914. 9938.2

i 794. 1i 397. 7

119.1143.8118 5119.296 1

354 1536.4331 2330.9159 4

15 38

300.4181 4295 0293 588.3

532 5543 1122 2

388 8138 5137 3

7 7449 8102 5

480 32 130. 10

1 076 5464 5992 3

77

7 196

190 2171 4

1 053814239

2,7241,2051,231

13273

i 863. 8i 863 91 060. 9i 914. 5* 408. 0

125.7134 8136 7139 694 8

347 9502 3370 8369.8160 4

15 38

335 7179 6344 3344 199 1

570 4559 3133 3

402 5154 3153 5

8 5518 5114 0

4,«5 4

2 130. 10

1 176 4418 0

1 232 895

8 950

202 8192 0

749569180

2,4661,1081 103

12243

i 805. 0i 850 2

977.0i 833. 2i 410 8

116.4126 8130 8135 596 3

333 8506 4341 3338 4163 3

15.38

301.6169 5307 0303 494.5

514 0528 7118 5

434 9140 6141 1

8 0513 0111 8

425 2

2 130. 10

1 077 6410 2

1 073 1' 89

8 124

191 6181 3

988733255

2,7461,2271,248

13257

1 r 871. 1i f 804 7

r 1,082 7i r 912. 2i r 409 0

121.4104 3141 7137 196 4

357 0485 0375 4378 1160 6

15 38r333 2r168 4r 333 2r335 2

r Q2 K

582 1578 4122 2

476 9154 0153 4

8 7516 4114 8

507 01 130. 10

1 312 4490 5

1 256 596

9 234

233 1206 9

1 4171 166

251

2,5911,1741,179

14223

1 r 815. 5i r 738 2

r 1,033 9i r 873 7i r 429 8

••120 2r99 3

r134 31-130 3r!00 4r322 8r430 6r364 8r364 6r!60 9

15 38r319 1r 160 1r 330 7>-322 4r!05 5

559 5543 5138 2

467 7142 5142 4

8 8510 0112 3

487 32 130, 10

1 136 4407 8

1 174 191

8 311

176 9193 4

1 3081 135

173

2,3621,0911 074

12185

i 811. 0i 724 0

983 0i 848. 01 431 0

106 084 0

125 0121 0104 0

343 0419 0355 0354 0162 0

15 38

305 0171 0313 0317 0102 0

514 2552 4100 1

443 6139 2137 7

10 2523 5112 2

464 2

2 130 10

1 135 6419 4

1 101 285

7 240

194 6181 3

1 058856202

» 15 38

558 6513 6145 0

407 6157 7158 9

8 9551 1113 1

p 2 130 10

1 153 2471 7

1 125 791

r 7 947

193 6173 7

489367122

1 088 6454 3

1 094 694

7 365

195 1172 0

1 065825940

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption long tons. _Stocks, end of month doImports, including latex and guayule doPrice, wholesale, smoked sheets (New York)

dol. per lb_.Synthetic rubber:

Production __long tonsConsumption _ doStocks, end of month doExports.. do

Reclaimed rubber:Production doConsumption do._-Stocks, end of month do

53,751111, 94359, 393

.408

93, 52278, 480

141, 73210, 723

26, 20525, 82731, 640

50, 285111, 83253, 862

.373

90, 48875, 240

145, 90612, 958

27, 10825, 57131, 875

50, 040109, 97452, 749

.345

94 38977, 888

150, 99513 670

28 46826 17633,326

47, 446109, 82251, 394

.323

91 60274, 682

155, 41013 261

26 84823 99934, 360

48, 342107, 32439, 789

.304

93 74076 396

162, 68214 226

25 48523 56034, 863

43 638101, 74836, 694

.308

85 29667 816

171, 19612 841

22 10320 56035, 647

38 353103, 30141, 195

.335

88 03158 196

188, 81312 197

19 77618 09935, 703

46 70099, 66840, 367

.365

86 46872 537

192, 48612 911

21 59321 49835, 512

44 17998, 06942, 974

.325

90 60269 205

200,79312 600

22 36820 24236, 527

52 18894, 50852, 638

.321

88 15882 023

197, 7888 954

26 29323 94637, 904

42 946106, 31649, 757

.345

83 51471 526

199, 3346 726

on rifiQ,

20 83236, 063

r 45 220r 11 6, 469

57, 653

.365

93 764r 72 40 Fi

'202,59619 350

r 90 *i4.8r 20 737r 34, 969

52 689101, 414

.332

94 28486 539

194, 952

OK AA1

24 08134, 598

.311

2 Not entirely comparable with data through February 1956; March 1956 price' Revised. » Preliminary. i Beginning January 1956, data exclude estimates for "tissue paper."comparable with earlier prices is $130.25.

wet m^hnieVto^rdhwas ^rnferf i kSed iV*61118 V& b6en revised as follows: Construction paper (formerly included in the total for paper) is now combined with construction board;^Revisions for January-December 1954, appear in the March 1956 SUEVEY.cf Revisions are as follows (units as above): October 1954, 417.8; May 1955, 447.9; June 1955, 449.8.§Revisions for January 1953-March 1955 will be shown later.




1956

Janu- Febru-ary 1 ary March April May June July August Septem-


Decem-ber

1957

Janu-ary

Febru-ary

RUBBER AND RUBBER PRODUCTS—Continued

TIRES AND TUBES

Pneumatic casings id1

Production thousands

Shipments, total doOriginal equipment doReplacement equipment doExport _ _ . do

Stocks, end of month doExports _ do. _ _

Inner tubes :cfProduction doShipments . do _

Stocks, end of month . _ _ _ . doE xports do

8,979

8,2033 4024,669

131

19, 517146

2,9173,608

6,2941 31

8,897

7,4733 3423,952

178

20, 933142

2,9692,921

6,547i 42

9,193

8,6273 4665,034

127

21, 562106

3,3472,962

6,848139

8,834

9,1193 2175,761

141

21, 132165

3,0942,797

7,312* 47

8,986

8,8802,7705,980

130

21, 296141

3,0932,878

7,657138

7,930

9,2892 5336,627

129

19, 947154

2,8373,370

7,3491 41

6 741

9,2982 8336 319

145

17, 394137

2,3003,384

6,41884

8,050

8,6442,3026,178

163

16, 794207

2,7953,295

5,96276

7,800

6,9521 5535,238

162

17, 648161

2,7732,777

6,05696

8,799

7,7762 9084,703

165

18, 775169

3,0252,877

6,46973

7,641

7,5183 5163,881

121

18, 803148

2, 5852,792

6,25053

8,556

7,5483,5793,803

166

19, 872163

2,6702,837

6,10976

9,504

8,8783,4965,199

183

20, 490

3, 3643,829

5,789

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production thous of bblPercent of capacity _ -

Shipments thous of bblStocks, end of month:

Finished __ _.doClinker do

CLAY PRODUCTS

Brick, unglazed:Production thous. of standard brickShipments doPrice, wholesale, common, composite, f. o. b. plant

dol per thous

Clay sewer pipe, vitrified:Production _ _ short tonsShipments do

Structural tile, unglazed:Production doShipments _ __do

GLASS PRODUCTS

Glass containers:Production thous. of gross

Shipments, domestic, total doGeneral-use food:

Narrow-neck food doWide-mouth food (inch packers' tumblers, jelly

glasses and fruit jars) thous of gross

Beverage doBeer bottles doLiquor and wine doMedicinal and toilet doChemical, household and industrial doDairy products do

Stocks, end of month do

GYPSUM AND PRODUCTS

Crude gypsum, quarterly total:Imports thous. of short tonsProduction do

Calcined production quarterly total do

Gypsum products sold or used, quarterly total:Uncalcined uses short tons_.

Industrial uses doBuilding uses:

Plasters:Base-coat doAH othpr (innl K~PPTIP'S CMnpnt) do

Lath mil of sq ftWallboard doAll other O do

21 44080

13 500

25, 45410 460

565, 351434 730

30 092

155,334120 988

69, 41954, 220

11, 097

9,578

853

2 717

612584964

2 690960198

13, 995

19 57878

16, 093

28, 93913 873

536, 072455 350

30 281

157, 162155 027

63, 37351, 331

11,128

9,952

993

2 663

838660

1,0852,640

886187

14,882

23, 38687

22, 471

29, 86816, 151

611, 058541, 423

30.398

173, 193159, 463

68, 05854, 655

11, 865

11, 956

1 025

2,843

1,656940

1,3472,9321,010

203

14, 516

8042,591

2 208

700, 029

84, 574

354, 421271, 691

719.21, 286. 0

53.5

26, 134100

27, 324

28, 67915, 951

627, 494624, 747

30. 470

117, 225127, 755

65,90158, 666

11, 985

10, 590

1,019

2,798

808984

1,2222,608

963188

15, 549

29, 606110

32, 087

26, 20414, 222

671, 629661, 456

30. 565

126, 753137, 290

64, 76261, 273

12, 393

11, 887

1,155

3,496

9361,1831,1622,787

986182

15, 673

28, 771110

32, 296

22, 68512, 537

646, 423632, 217

30. 946

164, 378183, 461

60, 16259. 471

12, 606

11, 971

1,254

3,340

1,2741,2791,1392,535

948202

15, 917

r 1, 3052,846

2,367

819, 437

88, 369

428, 129356, 196

796.51, 227. 0

69.4

29, 498109

31, 598

20, 59811, 059

648, 127618, 630

30. 946

168, 228178, 007

65, 11356, 753

12,203

11, 150

1,246

3,236

1,0011,170

9242,393

982198

16, 518

30, 055111

33, 607

17, 0689,264

685, 128641, 400

30. 668

190, 528187, 421

69, 26063, 405

13, 290

15, 759

2,236

5,138

6831, 2621,3423,4831,312

303

13, 685

28, 643109

30, 173

15, 5327,969

603, 572571, 237

30. 668

173, 770169, 118

64, 59855, 507

10,032

10, 331

1,890

2 893

395604

1,1722,309

834234

13, 162

' 1, 2242,569

2,110

911, 118

77,685

433, 807381, 095

601.61, 068. 1

55.8

29, 051107

31, 585

13,0076,874

646, 609600, 790

30. 718

192, 139186, 756

64,07960, 910

13, 435

14, 515

1,708

4,154

993847

1,8743,4761,157

306

11, 741

•• 25, 86998

22, 906

r 15, 973' 7, 476

586, 713516, 852

30. 718

180, 184143, 149

63, 91752, 006

11, 934

10,009

853

3,083

510528

1,5302,469

825211

13, 384

24, 42990

17,990

22, 4129,326

491, 766397, 230r 30. 863

163, 739109, 313

55, 49746, 069

10, 411

9,575

770

2,744

721667

1, 0952, 584

793201

13, 924

1,0132,307

1,861

926, 693

83, 481

350, 230319, 816

530. 01, 007. 8

47.2

437, 692314,030

P 30. 863

166, 580107, 907

54, 44746, 451

11, 698

10, 063

954

3,018

484577970

2,904972184

14, 976

' Revised. ? Preliminary. * Data for January-June 1956 exclude exports of passenger-car inner tubes; such exports averaged 27,000 per month in 1955.cfData for 1954 for production, shipments, and stocks have been revised. Unpublished revisions (for January-May) are available upon request.©Comprises sheathing, formboard, tile, and laminated board.NOTE FOR MANMADE FIBERS AND MANUFACTURES, p. S-39.—Fiber production (representing complete industry coverage) is according to data compiled by Textile Eco«

nomics Bureau, Inc.; the total includes production of textile glass fiber, not shown separately. Noncellulosic fibers cover types other than textile glass; they include acrylic, nylon (polyamide),polyester, saran, protein, and others.

Data for imports, exports, and for production of broad woven fabrics (industry totals) are compiled by U. S. Department of Commerce, Bureau of the Census. Manmade fabric productioncomprises, in addition to items shown separately, broad woven fabrics of 100-percent glass, of saran monofilament, acrylic, and polyester fibers, and of paper, etc. Silk fabric production com*prises broad woven fabrics of 100-percent silk and of silk mixtures.

Statistics for 1955 are shown in the October 1956 SURVEY, p. S-38.


March 1957 SUEVEY OF CUKKENT BUSINESS S-39


1956

Janu-ary

Febru-ary March April May June July August Septem- October Novem-

berDecem-

ber

1957

Janu-ary

Febru-ary

TEXTILE PRODUCTS

APPAREL

Hosiery, shipments thous. of dozen pairsMen's apparel, cuttings: J

Tailored garments:Suits -- - - thous. of unitsOvercoats and topcoats doTrousers (separate) , dress and sport do

Shirts (woven fabrics), dress and sportthous. of doz

Work clothing:Dungarees and waistband overalls - - doShirts do _

Women's, misses', juniors' outerwear, cuttings:Coats thous of unitsDresses - - doSuits _ - -doWaists blouses, and shirts thous. of doz

COTTON

Cotton (exclusive of linters) :Production:

G innings § thous of running balesCrop estimate, equivalent 500-lb. bales

thous of balesConsumption^ _ _ _ _ _ _ balesStocks in the United States, end of month,

totall thous. of balesDomestic cotton total do

On farms and in transit doPublic storage and compresses doConsuming establishments - - _ do

Foreign cotton, total doExports t - - - - - balesIm ports t doPrices (farm) , American upland _ cents per IbPrices, wholesale, middling, I", average 14 mar-

kets A _ - _ _ _ _ cents p e r IbCotton linters:

Consumption thous of balesProduction doStocks end of month do

COTTON MANUFACTURES

Cotton cloth:Cotton broad-woven goods over 12 inches in width,

production Quarterly mil of linear ydExports thous of sq ydImports t doPrices, wholesale:

Mill margins - - - - cents per IbDenim, white back, 28-inch, 8 oz/yd cents per ydPrint cloth 39-inch 68 x 72 doSheeting class B, 40-inch, 48 x 44-48 do

Cotton yarn, natural stock, on cones or tubes:Prices, wholesale, f. o. b. mill:

20/2 carded weaving dol per Ib36/2 combed knitting do

Spindle activity (cotton system spindles) :1Active spindles last working day total thous

Consuming 100 percent cotton doSpindle hours operated all fibers total mil of hr

Average per working day doConsuming 100 percent cotton do

Operations as percent of capacity <_?*

MANMADE FIBERS AND MANUFACTURES

Fiber production quarterly total* $ mil of IbRayon and acetate* Filament yarn do

Staple plus tow doNoncellulosic (nylon acrylic protein etc ) do

Exports' Yarns and mono filaments* thous oflbStaple, tow and tops* do

Imports* Yarns and monofilamfvnts* doStaple, tow, and tops* do

Rayon and acetate:Stocks producers' end of month total mil of Ib

Filament yarn doStaple (incl tow) do

Prices, rayon, viscose:Yarn filament 150 denier dol per IbStaple 1 5 denier do

Manmade broad woven fabrics:Production quarterly total* Q thous of linear yd

Rayon and acetate (excl tire fabric) doNylon and chiefly nylon mixtures do

Exports piece goods* thous of sq yd

SILKImports raw thous of IbPrice raw AA 20 22 denier dol per IbProduction, fabric, ntrlv. total* _. "thous. of linear yd__

r 12, 758

1,876272

5,280

1,924

328408

2,38422, 2301,9161,063

3 14, 373

••750.282

' 20, 134r 20, 074

r I, 19817, 206' 1, 670

'6077, 80512, 896

30.7

35.2

••157207

1,434

43,32824, 367

31.2636.418.018.3

.708

.996

r 20, 99819, 399r 10, 311

5169,577146.6

6 1, 5666 1, 244

959,057

83.249.034.2

.830

.326

14, 243

1,7474.41

13,291

1,860288

5,664

2,060

380416

2,52124, 1891,6631,115

r 760, 017

19, 29319, 2321,009

16, 4981,725

6199, 39218, 131

31.0

36.2

153187

1,500

45, 10621, 371

30.6836.418.018.3

.7131.000

20, 98319, 42810, 347

5179,633147.2

6 1, 8170 1, 472

10111, 042

82.346.136.2

.863

.326

16, 543

4894.36

12, 713

12,2851 410

i 5, 9401 2, 285

13451450

2,52726,2031,1651,167

4 14 5424 14, 721

rl916,176

18, 10218, 046

91015, 4391,697

56294, 657

8,61831.6

••36.5

152149

1,459

2,73451, 12417, 739

29.8836.417.018.3

.713

.998

20, 88819, 350

1 12, 562503

1 11, 740i 142. 8

439.3216.2110.390.4

6 1,6156 1, 048

968,478

89.649.540.1

.863

.316

624, 119457, 99684 39819, 535

1,0464 36

9,451

10,828

1,796452

5,328

1,812

328408

1,26426, 001

5991,004

r 722, 551

17, 02916, 983

76214, 6641,557

46361, 939

6,07132.5

36.4

153111

1,371

45, 53518, 734

29.5936.416.418.0

.708

.992

20,82719, 2909,991

5009,324142.2

8 1, 546«967

847,467

102.555.047.5

.863

.316

16, 335

1,0944.45

11,094

1,804540

5,328

1,836

308408

1,32325, 229

5561,016

••713,289

15, 98115, 940

65213, 8951,393

41343, 750

5,90732.0

36.4

15776

1,260

42, 50718, 944

29.2536.416.118.0

.698

.976

20, 79619, 2769,793

4909,128139.6

6 1, 5696 1, 197

6608,196

110.661.049.6

.863

.316

17, 834

1,1294.65

11, 895

1 1, 9251 570

1 5, 7601 1, 775

1 2901405

2,05421, 236

864983

ri809,814

14, 97514, 936

60913, 2031,124

38237, 722

4,45232.3

36.4

13844

1,095

2,62140, 42915, 508

28.5436.416.017.8

.693

.965

20, 49218, 954

1 11, 459458

1 10, 6641 130. 6

397.6183.397.894.0

6 1, 727« 1, 392

3296,926

118.964.054.9

.863

.316

557, 080409, 46870, 41817,696

1,0594.63

8,359

10,024

984308

3,792

1,280

208280

2,39816, 8281,1071,033

410

••547,480

14, 54014, 501

79112, 835

87539

134, 6251,98732.4

35. 3

13436

999

29, 18913, 615

28.9236.415.917.4

.686

.958

20, 55219, 0227,713

3867,128110.1

1,4561,483

906,636

123.367.555.8

.863

.316

12,633

8744.49

12, 996

1,860540

4,992

1,852

292388

2,94820, 8071,1501,318

1 513

686, 275

26, 25626, 22213, 14612, 303

77334

423, 2973,55531.1

33.0

15553

855

37, 62513, 884

30.1836.415.817.0

.684

.958

20, 46518, 9129,544

4778,849137.4

1,6141,969

745,939

120.867.053.8

.863

.316

15, 522

1,1884.44

12 496

i 1, 935i 550

i 5, 040

11,905

12401345

2 52717,044

813983

5 535

i 822, 180

24, 98324, 9549,804

14, 272878

29505, 01922, 278

32.5

33.1

130157872

2, 35639, 91210, 552

29.6836.415.716.8

.680

.953

20, 30818, 780

1 11, 436457

i 10, 678i 131. 8

384.6166.287.5

106.31,5661,710

1016,269

115.863.752.1

.863

.316

490, 442353, 27760,84915,385

7784.41

8,490

14 189

1 816444

4 800

1 948

244364

2 99821 543

9131 366

9 709

732, 319

23, 60223 5696,269

16, 1691,131

33596, 685

1,51431.9

33.2

155216935

45, 77811, 903

30.7536.416.317.3

.691

.971

20, 34318, 8399,847

4929,162

1,5992,602

1966,826

109.261.148.1

.863

.316

16, 136

1,1804.57

14 006

12 090i 350

14 500

i i 950

i 200!305

2 23620 1471 1011 108

12 385

!880 549

22 22422 1933 845

16 9351 413

31535 692

84431 9

33 2

129202969

43 80010, 404

30.3736 416 117 3

691.971

20 28918, 786

1 11 952478

1 11 145

1 2641 360

1035,745

106.362.244.1

.863

.316

13,404

1,1934.53

10 815

1 688260

4 224

1 600

168228

1 63117* 306

'917846

2 12 789

631 507

20 90920 8782 890

16 4421 547

30939, 08010 341

31 0

33 2

127171979

47 289

29 8036 415 917 3

687r 963

20 23718 7368 681'434

8 062

423 2183 9102.7109.21 9933,054

12210, 289

107.562.245.3

.880

.316

17, 478

9544 54

12 126

2 068248

5 520

2 020

244288

2 31721 2771,3471 194

3 13 098

1 840, 567

18, 76818 7341,911

15 2041,619

35

30.2

33.4

128187991

29.19*>36 4f 15 9»17. 0

P 6832 959

20 23118 725

1 11 600580

1 10 790

*>. 910p. 316

P4.53

5 13, 303

30.2

33.8

28.31

'Revised. » Preliminary. i Data cover a 5-week period. 2 Ginnings to December 13. 8 Qinnings to January 16. * Total ginnings of 1955 crop. * December 1 crop estimate.8 Data for January-June 1956 exclude certain exports which are included for other periods: (Yarns) excludes thread and handwork yarns which averaged 24,000 Ibs. per month in 1955; (staple,

etc.) excludes sliver, tops, and roving which averaged 33,000 Ibs. per month in 1955.^Data for March, June, September, and November 1956 and January 1957 cover 5-week periods (except data for men's apparel cuttings for January 1957 which cover 4 weeks) and for other

months, 4 weeks; cotton stocks and number of active spindles are for end of period covered, §Total ginnings to end of month indicated, except as noted. {Scattered revisions for 1954-July 1955 will be shown later.

AEffective August 1,1956, middling I" became the base quality for spot cotton quotations, replacing middling 1M«". Comparable prices for 1", back to August 1951, are available uponrequest.

cPThe operation rate is calculated on a 5-day, 80-hour week without any adjustment for holidays. Current data are withheld pending a revision of the series.*New series. See descriptive note at bottom of p. S-38 for sources; data for 1955 are shown in the October 1956 SURVEY, p. S-38. 9 Includes data not shown separately.




1956

Janu-ary



Decem-ber

1957

J anu-ary

Febru-ary

TEXTILE PRODUCTS—Continued

WOOL AND MANUFACTURES

Wool consumption, mill (clean basis) :1Apparel class thous of IbCarpet class do

Wool imports, clean content doApparel class (dutiable), clean content do

Wool prices, wholesale, raw, clean basis, Boston:Territory, 64s 70s, 80s dol. per IbBright fleece, 56s-58s doAustralian, 64s, 70s, good topmaking, in bond._do

Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,wholesale price dol per Ib

Woolen and worsted woven goods, except woven felts:Production, quarterly, total thous. of lin. yd

Apparel fabrics total doOther than Government orders, total do

Men's and boys' _ doWomen's and children's do

Nonapparel fabrics, total _ _ doPrices, wholesale, suiting, f. o. b. mill:

Flannel men's and boys' 1947-49—100Gabardine women's and children's - do

r24 557r 12, 813

29, 97413, 112

1.3161.0641.300

1.844

112.997.3

25 59013, 40229, 85212, 767

1.3211.0781.325

1.869

112.197.3

1 29 423* 14, 452

28, 96614,310

1.2981.0461.325

1.856

82, 73879, 26178, 46539, 34539, 1203,477

112.197.3

25 01812 11023,08311, 244

1 2801. 0051.325

1 856

112.197.3

24 67411 42423, 71314 219

1 2821.0331.325

1 856

113 297.3

1 28 3031 11,800

18, 3698,060

1.2951.0391.375

1 856

87, 89485, 14784. 71342, 82241, 8912,747

113 297.3

21 5587,150

18, 8128,050

1 3121.0451.412

1 869

112 997.3

24 35312, 14519, 6888 034

1.3411.0451.425

1 880

112 997.3

1 26 5741 13, 398

15, 2095,360

1.3811.0691.425

1 891

r 79, 975r 77 393r 76 770r 37, 753r 39 017

r 2, 582

112 997.3

24 42312 78719, 0345 657

1 4751 1311.425

1 963

112 997.3

125 450i 11 533

14 4175 324

1.5251.1681.450

1.997

114.097.3

r 20 69710 70614, 5926 817

1.6251.1951.525

2 045

76, 38373 37571, 93536, 49735, 4383,008

114 097 3

pJ26 424p*14 794

1.6251.1951.525

p 2 117

115 497.3

1.6251.1881.575

TRANSPORTATION EQUIPMENT

AIRCRAFT

Civil aircraft (complete), shipments numberAirframe weight thous. of Ib

Exports c? number

MOTOR VEHICLES

Factory sales, total number..Coaches, total _ _ do

Domestic doPassenger cars, total __ do

Domestic doTrucks, total _ do

Domestic do .

Exports, total© doPassenger cars _ __ _ doTrucks and buses© do

Truck trailers, production, total __ doComplete trailers do

Vans doTrailer chassis do

Registrations:New passenger cars doNew commercial cars do

RAILWAY EQUIPMENT

American Railway Car Institute:Freight cars:

Shipments, total numberEquipment manufacturers, total do

Domestic _. doRailroad shops, domestic do

Passenger cars, equipment manufacturers:Orders unfilled, end of month, total do

Domestic . do.Shipments, total _ _ do

Domestic do

Association of American Railroads:Freight cars (class I), end of month: §

Number owned© _ thousands-Undergoing or awaiting classified repairs___do

Percent of total ownedOrders, unfilled© _. .number. _

Equipment manufacturers. . _ __doRailroad shops ._ do

Locomotives (class I), end of month: ©Steam, undergoing or awaiting classified repairs

number--Percent of total on line __

Diesel-electric and electric: Orders, unfillednumber of power units. _

Exports of locomotives, total _ number..

537r 986. 2

126

690, 253253242

591, 032569, 84698, 96883, 752

r 33, 281r 19, 306

13, 975

6,2336,0853,824

148

431, 64866, 141

4,1992,9812,9811,218

9038844242

1,69676

4.5131, 33160, 11271, 219

1,07418.6

835

53

6141, 265. 4

117

663, 586278274

560, 924536, 680102, 38483, 752

40, 85123,63117, 220

6,4246,2073,815

217

447, 54265, 478

4,9953,2663,2641,729

8588375353

1,69676

4.5127,03057, 64469, 386

1,06919.2

897

41

6561, 200. 4

109

689, 982434405

583, 169554, 761106, 37986, 996

50, 38230, 17020, 212

6,8666,4873,797

379

545, 23477, 220

5, 9954,3724,3321,623

8127845454

1,69770

4.1122, 09554, 39167, 704

98418.4

859

85

6921, 219. 6

162

654, 333371360

552, 881529, 945101, 08182, 400

35, 32919, 70915, 620

7,1556,8024,165

353

564, 27282, 699

5,9674,1524,1281,815

7937642525

1,69970

4.1119, 69852, 86166, 837

92517.8

938

88

7141, 354. 7

157

570, 486362304

474, 010459, 070

96, 11477, 593

33, 06514, 71718, 348

7,1966,7593,975

437

560, 01484, 997

6,7234,5494,4932,174

7407205344

1,70170

4.1116, 69451, 65165, 043

79316.1

885

42

6481, 445. 8

150

538, 052503471

445, 758433, 85991. 79173, 463

30, 81613, 69017, 126

6,9796,5383,725

441

539, 77778, 501

5,6073,3183,2612,289

7587374036

1,70267

3.9112, 22649, 77162, 455

77216.8

796

52

5071,151.0

129

522, 018307220

440, 980429, 81380, 73163, 044

25, 8699,339

16, 530

5,2224,9602,818

262

534, 99778, 404

5,3703,1433,1172,227

7297152922

1,70477

4.5109, 05147, 95561, 096

74016.5

849

73

6811, 581. 9

148

503, 276429397

417, 020410, 16485, 82768, 809

25, 9477,078

18, 869

6,0185,6683,273

350

568, 32079, 831

5,5252,9442,7832,581

6816724843

1,70474

4.4106, 73946, 24660, 493

72116.6

739

57

6131, 370. 4

143

275, 555368364

203, 888202, 15971, 29956, 852

20, 5964,583

16, 013

4,8544,4922,475

362

421, 02172, 420

3,4581,8351,8211,623

7157004642

1,70470

4.1109, 07949, 87559, 204

73717.3

737

52

5081 , 568. 6

185

445, 122298291

352, 140341 779

92, 68477, 533

18 9125,630

13 282

5 4785, 1222 939

356

424 41476 052

5,6663,7283,7281,938

7066842625

1,70368

4.0111, 29852, 47058, 828

52913.6

728

63

4721, 520. 7

138

667, 187233186

576, 708556, 93190, 24674, 870

23 42313, 13910 284

4,7864,5942,544

192

403,94866, 983

6,7404,3674,3222,373

791679

55

1,70568

4 0108, 32749, 22759, 100

58615 3

743

97

563'•1,413.7

137

700, 740228103

617, 599598 39482, 91366, 123

43, 52221, 64321, 879

r 4, 171' 3, 999r 2, 098

'172

514,06165, 698

7,2604,2724,2722 988

842724

95

1 70868

4 0103 53546 98256 553

55315 1

814

101

5841, 574. 9

719, 422269257

628, 045610, 67891, 10873, 203

5,0324,7832,625

249

437, 32056, 979

7,8224,6864 6863 136

840728

93

1 71271

4 1101 61145 03556 576

51414 6

787

p 2 664,400P2270

p 2 571, 500

p 2 92, 500

7,6554,5764,5763,079

8327322311

r Revised. » Preliminary. l Data cover a 5-week period. 2 Preliminary estimate of production.1 Data for March, June, September, and November 1956 and January 1957 cover 5-week periods; other months cover 4 weeks.cf Exports revised beginning January 1954 to include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total.©Data beginning January 1956 include exports of "used" special-purpose vehicles not included in earlier data; exports of these types averaged 26 vehicles per month in 1955. Revisions

(number): October 1954—Total, 22,216; trucks, etc., 15,859; January 1955—total, 38,743; trucks, etc., 17,073.§ Excludes railroad-owned private refrigerator cars. ©Data beginning December 1955 reflect reclassification of reporting roads to revised ICC list of class I line-haul railroads; compara-

bility with earlier data, based on ownership, is affected by less than 1 percent.

NOTE: Beginning with the October 1956 SUEVEY, figures for shipments of industrial trucks and tractors will be found on p. S-34 in the Machinery and Apparatus Section.

U. S. G O V E R N M E N T P R I N T I N G O F F I C E : 1957Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40-Pages marked S

Acids. 24Advertising 8,9Agricultural employment 11Agricultural loans and foreign trade 16,17,21,22Aircraft and parts 2,12,13,14,15,40Airline operations 23Alcohol, denatured and ethyl 24Alcoholic beverages 2,6,8,27Aluminum 33Animal fats, greases, and oils 25Anthracite 11,13,14,15,34Apparel 2,3,6,8,9,10,12,13,14,15,39Asphalt and asphalt products 36Automobiles 2,3,8,9,12,13,14,15,16,17,22,40

Bakery products 2,12,13,14,15Balance of payments _ 21Banking 14,16Barley 28Barrels and drums 32Battery shipments 34Beef and veal 29Beverages 2,6,8,12,13,14,15, 27Bituminous coal 11,13,14,15,35Blast furnaces, steel works, etc 12,14,15Blowers and fans 34Bonds, issues, prices, sales, yields 17,19, 20Book publication 37Brass and bronze 33Brick. 38Brokers' loans and balances 16,19Building and construction materials 8,9,10Building costs 8Business incorporations, new 5Business sales and inventories 3Butter 27

Cans (metal), closures, crowns 32Carloadings 23Cattle and calves 29Cement and concrete products 6,38Cereals and bakery products 6,12,13,14,15Chain-store sales (11 stores and over only) 10Cheese 27Chemicals 2,3,4,6,12,13,14,15,19, 22,24Cigarettes and cigars 6,30Civilian employees, Federal 12Clay products (see also Stone, clay, etc.) 6,38Coal.. 3,6,11,13,14,15,22,23,34,35Cocoa 22,29Coffee 22,30Coke 23,35Commercial and industrial failures 5Communications 11,13,14,15,19,20,24Confectionery, sales 29Construction:

Contracts awarded 7Costs - 8Dwelling units 7Employment, earnings, hours, wage rates. _ 11,

13,14,15Highways and roads 7,8,15New construction, dollar value 1,7

Consumer credit 16,17Consumer durables output, index 3Consumer expenditures 1,9Consumer price index 6Copper 22,33Copra and coconut oil 25Corn 28Cost-of-living (see Consumer price index) 6Cotton, raw and manufactures 2,5,6,22,39Cottonseed, cake and meal, oil 25Credit, short- and intermediate-term 16,17Crops 2,5,26,28,30,39Crude oil and natural gas 3,11,13,14,15Currency in circulation 18Dairy products 2,5,6,12,13,14,15, 27Debits, bank 16Debt, United States Government 17Department stores 9,10,11,17Deposits, bank 16,18Disputes, industrial 13Distilled spirits 27Dividend payments, rates, and yields 1,19, 20Drug-store sales. 9,10Dwelling units, new 7Earnings, weekly and hourly 14,15Eating and drinking places 9,10Eggs and poultry 2,5,29Electric power 6, 26Electrical machinery and equipment 2,

3,6,12,13,14,15,19,22,34Employment estimates and indexes 11,12Employment Service activities 13Engineering construction 7,8Expenditures, United States Government 17Explosives 25Exports (see also individual commodities) 21,22Express operations 23Failures, industrial and commercial 5Farm income, marketings, and prices 1,2,5,6Farm wages 15Fats and oils, greases 6,25 26Federal business-type activities 17Federal Government finance 17Federal Reserve banks, condition of 16Federal Reserve reporting member banks 16Fertilizers 6,25Fire losses 8Fish oils and fish 25,30Flaxseed 26Flooring 31Flour, wheat 29Food products 2,3,4 5,

6,8.9.10,12,13,14 15,18,22, 27, 28, 29 ,30

Pages marked SForeclosures, real estate 8Foreign trade indexes, shipping weight, value

by regions, countries, economic classes, andcommodity groups 21,22

Foundry equipment 34Freight carloadings 23Freight cars (equipment) 40Freight-car surplus and shortage 23Fruits and vegetables 5,6,22,28Fuel oil 35Fuels 6,34,35Furnaces 34Furniture 2,3,6,9,10,12,14,15,17Furs 22Gas, prices, customers, sales, revenues 6,27Gasoline _ _ 9,36Glass products 38Generators and motors 34Glycerin 24Gold 18Grains and products 5,6,22,23,28,29Grocery stores 9,10Gross national product : 1Gross private domestic investment 1Gypsum and products 6,38Hardware stores 9Heating apparatus 6,34Hides and skins 6,22,30Highways and roads 7,8,15Hogs 29Home Loan banks, loans outstanding 8Home mortgages 8Hosiery 39Hotels 11,13,14,15,24Hours of work per week 12,13Housefurnishings 6,8,9,10Household appliances and radios 3,6,9,34Imports (see also individual commodities) 21, 22Income, personal 1Income and employment tax receipts 17Industrial production indexes 2,3Installment credit 16,17Installment sales, department stores 10Instruments and related products _ _ 2,3,12,13,14,15Insulating materials 34Insurance, life 18Interest and money rates 16International transactions of the U. S 21,22Inventories, manufacturers'and trade 3,4,10,11Iron and steel, crude and manufactures 2,

6,8,12,14,15,19.22,32,33

Kerosene 35Labor disputes, turnover 13Labor force 11Lamb and mutton 29Lard 29Lead 33Leather and products 2,

3,6,12,13,14,15,30,31Linseed oil 26Livestock 2,5,6,23,29Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 8,16,17,19Locomotives 40Lubricants 36Lumber and products 2,

3,4,6,8,9,10,12,14,15,18,31,32Machine activity, cotton 39Machine tools 34Machinery 2,3,4,5,6,12,14,15,19,22,34Magazine advertising 8Mail-order houses, sales 11Manmade fibers and manufactures 6,39Manufacturers' sales, inventories, orders 3,4,5Manufacturing production indexes 2,3Manufacturing production workers, employ-

ment, payrolls, hours, wages 11,12,13,14,15Margarine 26Meats and meat packing 2,5,6,12,13,14,15,29Medical and personal care 6Metals 2,3,4, 5,6,11,12,13,14,15,19,32,33Methanol 24Milk 27Minerals and mining 2,3,11,13,14,15,19, 20Monetary statistics 18Money supply 18Mortgage loans 8,16,18Motor carriers 23Motor fuel 36Motor vehicles 6,9,19,40Motors, electrical 34National income and product 1National parks, visitors 24National security 1,17Newspaper advertising 8,9Newsprint 22,37New York Stock Exchange, selected data 19, 20Nonferrous metals 2,6,12,14,15,19, 22,33Noninstallment credit 17Oats 28Oil burners 34Oils and fats, greases 6,25,26Orders, new and unfilled, manufacturers' 5Ordnance 11,12,14,15Paint and paint materials 6, 26Panama Canal traffic 23Paper and products and pulp 2,

3,4,6,12,13,14,15,18,36,37Passports issued 24Payrolls, indexes 12Personal consumption expenditures 1,9Personal income 1Personal saving and disposable income 1

Pages marked SPetroleum and products 2,

3,6,12,13,14,15,19,22,35,36Pig iron j. 32Plant and equipment expenditures 2,19Plastics and resin materials ^ _ _ 26Plywood 32Population 11Pork 29Postal savings 16Poultry and eggs 2,5, 29Prices (see also individual commodities):

Consumer price index 6Received and paid by farmers 5Retail price indexes 6Wholesale price indexes 6

Printing and publishing 2,3,12,13,14,15,37Profits, corporation __ 1,18,19Public utilities 2,

6,7,11,13,14,15,18,19,20,26,27Pullman Company 24Pulp and pulpwood 36Pumps 34Purchasing power of the dollar._ _ I " I _ _ 7

Radiators and convectors ^ 34Radio and television 3,6,8,34Railroads 2,11,12,13,14,15,19, 20, 23,40Railways (local) and bus lines 11,13,14,15, 23Rayon and acetate 39Real estate 8,16Receipts, United States Government 17Recreation 6Refrigeration appliances, output 34Rents (housing) 6,9Retail trade, all retail stores, chain stores (11

stores and over only), general merchandise,department stores 3, 5,9,10,11,13,14,15,17

Rice 28Roofing and siding, asphalt 36Rubber (natural, synthetic, and reclaimed),

tires and tubes 6,22,37,38Rubber products industry, production index,

sales, inventories, prices, employment, pay-rolls, hours, earnings __ 2,3,4,6,12,13,14,15

Rye 28

Saving, personalSavings depositsSecurities issuedServices 1,9,11,13,Sewer pipe, claySheep and lambsShip and boat building. 12~13,Shoes and other footwear.. 6,9,10,12,13,14,ShorteningSilk, imports, prices, productionSilverSoybeans and soybean oilSpindle activity, cottonSteel ingots and steel manufactures (see also

Iron and steel) 2,Steel scrapStocks, department storesStocks, dividends, prices, sales, yields, listings_Stone, and earth minerals _Stone, clay, and glass products

3,4,12,14,15,StovesSugar ISulfurSulfuric acid III ~__Superphosphate

11619

14,153829

14,1515,31

266,39

182639

32,3332112032,

19,3834

22,30252425

Tea 30Telephone, telegraph, cable, and radio-tele-

graph carriers 11,13,14,15, 20, 24Television and radio 3,6,8,34Textiles _ _ 2,

3,4,6,12,13,14,15,18,22,39,40Tile 38Tin 22,33Tires and inner tubes 6,9,10,12,13,14,15,38Tobacco and manufactures _ _ 2,

3,4,5,6,8,12,13,14,15,22,30Tools, machine 34Tractors 22,34Trade, retail and wholesale 3,

5,9,10,11,13,14,15,17,20Transit lines, local 23Transportation and transportation equipment _ 2,

3,4, 5,6, 9,11,12,13,14,15,19, 23, 24,40Travel 24Truck trailers _ 40Trucks 2,34,40

Unemployment and compensation 11,13United States Government bonds._ 16,17,18,19, 20United States Government finance 17Utilities 2,6, 7,11,13,14,15,19, 20, 26, 27

Vacuum cleaners 34Variety stores 9,10Vegetable oils ... _ 25,26Vegetables and fruits 5,6,22,28Vessels cleared in foreign trade 23Veterans' benefits 13,17

Wages and salaries 1,14,15Washers 34Water heaters 34Wax 36Wheat and wheat flour 28,29Wholesale price indexes 6Wholesale trade 3, 5,11,13,14,15Wood pulp 36Wool and wool manufactures 2,5,6,22,40

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