AUGUST 1964

survey of

CURRENTBUSINESS

U.S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

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SURVEY OF CURRENT BUSINESS

AUGUST 1964 VOL. 44, NO.

ContentsTHE BUSINESS SITUATION PAGE

Summary , . 1

Gross National Product Continues Sharp Increase in Second

Quarter 3

Pattern of Second Quarter Advance 3

The Tax Cut 5

ARTICLES

Foreign Investments in 1963-64 8

Portfolio and Short-Term Investments 8

Direct Investments Abroad 9

Earnings and Income 12

Foreign Investments in the U.S. 13

Overall Investment Position 24

Personal Income by States and Regions in 1963 15

U.S. Department of Commerce

Luther II. HodgesSecretary

Richard H. HoltonAssistant Secretary for

Economic Affairs

Office of Business EconomiesGeorge Jaszi

Director

Louis J. ParadisoAssociate Director

Murray F. FossEditor

K. Celeste StokesStatistics Editor

Billy Jo ETurGraphics

STAFF CONTRIBUTORSTO THIS ISSUE

Business Review and Features:David R. Hull, Jr.Robert B. Bretzfelcler

Articles:Samuel PizerFrederick Cutler

Julius N. FreidlinZalie V. Warner

Regional Economies Division Stai

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2133.

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By the Office of Business Economics

wciuon*••jULY was another month of risingbusiness activity, after allowance forseasonal influences. Important meas-ures such as personal income, industrialproduction, retail sales and n on farmemployment were higher than in June.The July increases put all of theseindicators above their respective secondquarter averages, starting the 14thquarter of expansion in the presentcyclical advance.

The latest developments follow asecond quarter increase in GNP of $10billion, the fourth large quarterly risein a row. Heightened demand in mostfinal markets contributed to the ad-vance, but the expansion in consumerexpeiiditures was predominant. A moredetailed review accompanying the reg-ular second quarter income and productstatistics is presented in later pages ofthis issue.

Retail sales higher

Increased consumer buying, underthe influence of rising disposable in-come, was the major stimulus to theincreased economic activity in the firsthalf of this year. This summer retailsales are continuing to show strength.The preliminary report on retail tradefor July put sales at a new peak, about 1percent (seasonally adjusted) above therevised June rate and above theprevious high readied,in May.

Sales were up in both durable goodsand nondurable goods stores fromJune to July. For durables the Julyrate was about 1 percent above thesecond quarter average, and for non-durables, about 2 percent.

The durable goods rise over themonth was rather sharp, and reflectedsome recovery in automotive sales,which had fallen the month beforebecause of the trucking strike thatheld back deliveries from East Coastplants to retail dealers. Since the

strike was not settled until the end ofthe third week in July the month'sperformance looked comparatively good,gaged by unit sales o! new domestic cars.The seasonally adjusted annual rate ofsales was in excess of 7% million ve-hicles, well above the June rate and not

EXPANSION HAS ACCELERATED

SINCE MID-1963 , . .

Billion $

650

As Gams in FINAL PURCHASESHave Been Strong <. * <

650

600

550

500

450

50

0

-50

i i i I i i i

And INVENTORY ACCUMULATIONHas Continue*! Moderate

Current $

PRICES Have Advanced Slowly

Index, 1963 ~ 100

125

100;

75

Implicit GNP Deflator

1961 1962 1963 1964

Seasonally Adjusted, at Annual Rate

O.S. Department of Commerce, Gfftce+of Business Economics 64-3-1

far from the 734 million average ratefor the first 5 months of 1964.Although retail stocks are high, thefavorable selling pace in the mostrecent weeks suggests that the cleanupof 1964 models is proceeding in anorderly fashion.

Personal income and employmentadvance

Personal income rose about $1^billion at a seasonally adjusted annualrate to reach a total of $491 billion inJuly. Somewhat more than $1 billionof the rise reflected increased wageand salary payments, about evenlydivided among the major industrygroupings.

The rise in payrolls during the monthwas primarily the result of increasedemployment. The IK > i if arm establish-ment total was up about 140,000, afterseasonal ad jus tmen t ; except for govern-ment employment, which dippedslightly, increases were quite generalby industry division. The July risewas the eighth successive monthlyadvance in employment, which liasrisen by more than 1/2 million overthe past year.

Unemployment lower

The sustained rise in the demand forlabor has brought about a distinct im-provement in the overall unemploy-ment situation this spring and summer.The number of jobless fell more thanusual from June to July, to a seasonallyadjusted total of 3.6 million, and theunemployment rate declined to 4.9 per-cent. In the past 3 months the ratehas moved irregularly lower, averaging5.1 percent, the lowest 3-month averagein 5 years. The incidence of unemploy-ment still varies widely but the recentimprovement has been rather general,as may be seen in the following table.

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SURVEY OF CURRENT BUSINESS August 11W4

Unemployment Rate, Seasonally Adjusted

3 months ending

! Men ! \Vomenj I1 20 ; 20 ! Mar- j Teen-

Total! years ; years i ried ! agersand and ; men j

: over over ! |

July 19H3

October 1953

Januarv 1964

April 1964

July 1964 .__ _

o 7

5 5

5. 7

5 4

5.1

4 4

4.2

4.4

3 9

3.8

o 4

5.6

5 5

5 5

5.0

3 2

3.0

3.3

2 9

2.7

16 5

15.2

15.5

14 8

14.7

Balance of payments deficit rises

Preliminary estimates of the secondquarter balance of payments indicate adeterioration as compared with the first-quarter of 1964. Measured by changesin U.S. official monetary reserves and inliquid liabilities to foreigners, the sea-sonally adjusted balance was adverse byabout $790 million in the spring quarter,as compared with a first quarter deficitof about $75 million. The second quar-ter total includes as liquid liabilitiesforeign purchases of $122 million ofconvertible special Government se-curities.

Although the change in the balancefrom the first to the second quarterappears to have been large, it was notunexpected, as the international trans-actions during the first quarter includedmany which were temporarily favorableto the U.S. balance of payments.

New Orders

Xew orders received by manufac-turers of durable goods, winch hadmoved up sharply in the first quarterof this year, increased further duringthe second quarter, reflecting the risingdemand for durable goods. The sec-ond quarter rate of orders was morethan 3 percent above that of the firstquarter and almost 10 percent higherthan the corresponding 1963 figure.

Shipments by durable goods indus-tries have also increased this year, butthe inflow of new orders has exceededshipments in each month since January.As a result, the volume of unfilled orderslias shown a steady rise since the begin-ning of the year and has increased rela-

tive to sales. In the second half of1963 backlogs declined slightly, bothin level and relative to sales.

The fluctuating volume of defenseorders frequently introduces an elementof irregularity into the new ordersseries. Part of this year's overall in-crease is due to an upsurge in defenseorders during the first quarter from thevery low fourth quarter 1963 level.However, the exclusion of defense fromthe total, as may be seen in the accom-panying chart, would still leave theorder rate during the second quarter ata record level for the current expansion.

Primary metals orders up

A feature of the April-June periodhas been the sustained strength in theflow of orders to producers of primarymetals. Orders received bv these in-

NEW ORDERS-DURABLE GOODSINDUSTRIES

Billion $

24

22

20

18

16

14

12

10

Total, Excluding Defense '

Machinery and Equipment

\

1962 1963 1964Seasonally Adjusted

* Defense products include communicationequipment, complete a i r c r a f t , a i r c ra f t parts,

and ordnance.

U.S. Department o f 'Commerce, Off ice of Business Economics 64-8-2

dustries rose 10 percent as comparedwith the prior 3-month period, withsteel mill orders up about 15 percentand other primary metals 5 percenthigher. The increasing inflow of newbusiness to iron and steel producershas been reflected in rising steel milloutput this year. This strengtheningof demand has lengthened deliverytimes for many mill products, and liasled a majority of producers to antici-pate an improvement in the rate ofAugust shipments over the July level.

Rise in machinery

New orders for machinery and equip-ment are responding to the step-upin business investment programs nowtaking place and scheduled for therest of the year. The first-to-secondquarter gain was close to 9 percent,and incoming business during Mayand June was at peak levels. Neworders received have exceeded ship-ments by these industries eacli monththis year, continuing a trend in progresssince November 1962.

While most machinery and equip-ment industries have experienced somerise in orders, the most significantgains have taken place in nonelectricalmachinery. Orders for such equip-ment have advanced for seven succes-sive quarters, with an accelerationevident in the past two quarters.Builders of machine tools have reporteda sharp jump in bookings with demandfrom the automotive industry especiallyheavy. Industries manufacturing con-sumer durable goods have been re-ceiving orders at a fast pace throughoutthe first half as consumer spendingfor their products has been stepped upat the retail level.

Railroad freight car orders haveclimbed dramatically. The number ofcars placed on order so far in 1964is up 45 percent from a year earlier,as the carriers continue to modernizetheir rolling stock, and attempt toprovide the specialized types of equip-ment demanded by many shippers.

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August 1964 SURVEY OF CURRENT BUSINESS

Gross National Product Continues Sharp Increase in Second Quarter

Reflecting the underlying- strength ofconsumer, business, and governmentdemand, the GNP expanded again inthe second quarter of 1964 to reach$618^ billion at a seasonally adjustedannual rate. This was a gain of nearly$10 billion, or more than 1% percent,over the preceding quarter. Withprices continuing their slow rise—thelatest was about one-half of 1 percent—the second quarter advance in the realvolume of output exceeded 1 percent,about matching the average quarterlyproduction gain since mid-1963,

The major feature of the quarter wasthe sharp $12 billion advance in dis-posable personal income, reflecting ris-ing activity and the first full quartereffect of the tax cut. The income in-crease was about equally divided be-tween consumption and saving-.

The rise in GNP over the past yearrepresents a distinct acceleration in thepresent expansion, reflecting more rapidincreases- in demand in most finalmarkets (see chart). Nonetheless cy-clical excesses have been avoided. Theprice rise has been moderate. Inven-tory accumulation has not been largeand stocks remain low relative to sales.Capital investment has been moving-higher but at a rather steady pace.Profit margins continue strong, tendingto rise slowly during the past year.

Pattern of Second QuarterAdvance

The second quarter GNP gains werewidely distributed. Demand in nearlyall major domestic final markets washigher in the spring than in the winterquarter, and inventory accumulation—although continuing moderate—was ata somewhat faster pace than in thefirst quarter.

Consumer demand higher

With the tax cut reflected in pay-checks throughout the quarter, morethan half of the GNP rise was accountedfor by a $6 billion increase in consumerpurchases. This was less than the $9billion advance in the opening quarterof 1964 but clearl}7 exceeded the average

quarterly increases of the current ex-pansion. For the first two quarters of1964 combined, the advance in con-sumption expenditures was the largesthalf-yearly rise in peace time.

Demand for household furniture andappliances and for apparel, food and awide range of miscellaneous nondurablesand semidurables has been very strongso far this year. Since the fourthquarter expenditures for consumergoods except autos have increased 2percent per quarter. In the earlier

THREE PHASES OF THE BUSINESS

EXPANSION

Increases in the REAL VOLUME of OUTPUTAccelerated During the Past Year

Average Percent ChangePer Quarter U

0 1 2 3 4 5

GNP, TOTAL: • : ) i i96i -n 1952

U 1962-H 19631963-11 1964

Demand in Most FINAL MARKETS Grew MoreRapidly

FinalPurchases

Business FixedInvestment

Consumer

Federal

State andLocal

Res iden t ia lConstruct ion

Recent Gains by TYPE OF PRODUCT EvenlyDistributed

Serv ices

Construct ion

NondurableGoods

DurableGoods

-U Based en 1954 dol lar data,

U.S. Department of Commerce, Off ice of Business Ecanomics 6 4 - 8 - 3

part of the business expansion, demandfor this combined group of itemsad vane sd more slowly—at an average of1 percent per quarter.

Automobile sales, on the other hand,were little changed in the spring fromthe very high first quarter pace, partlybecause of the trucking strike towardthe end of the second quarter. Ascompared with the fourth quarter 1963rate, car sales in the spring quarterwere $1 billion higher.

Fixed investment mixed

Business investment in plant andequipment rose three-quarters of abillion dollars in the second quarterto reach a seasonally adjusted annualrate of $57/4 billion. In five successivequarterly advances, business fixed in-vestment has risen $7% billion, ornearly 15 percent, following the hesita-tion of late 1962—early 1963. Thelatest OBE-SEC Plant and EquipmentSurvey indicates that there will be acontinued strong rise in investment atleast through the end of 1964.

The value of residential constructionput in place, at a seasonally adjustedannual rate of $2$% billion in the springquarter, was down three-quarters of abillion dollars from the first quarter.This dip has reflected mainly someweakening in the strong 3-year advancein multi-family housing.

Inventory accumulation higher butstill moderate

So far in 1964, inventory accumula-tion has been restrained and below themoderate rate of late 1963. In thesecond quarter additions to stocks wereat a $3% billion annual rate, up about$1% billion over the first quarter. Mostof the second quarter stock buildingwas in durable goods, in contrast to thefirst quarter concentration in non-durables. Furthermore, the bulk ofthe latest increase was in trade stocks.There were sizable but offsettingchanges within manufacturing indus-tries; most durable goods industries,particularly machinery, added to in-ventories.

Government purchases spurt

A $4% billion rise in government out-lays for goods and services in the springquarter carried the total to $129% bil-lion at a seasonally adjusted annual

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PERSONAL INCOME, TAXES, SPENDING,

AND SAVING

Billion525

500

475

450

75

50

25

0

450

425

400

375

400

375

350

50

25

0

Perc12

8

4

$

PERSONAL INCOME

-

^^i i i 1 i i i

_ TAXES.!/

Federal

\

~ Sfafe and Local —

\I I I 1 i l l

DISPOSABLE INCOME

y

i i i i i i i

CONSUMPTION EXPENDITURES

i i ] 1 i i i

SAVING

i i i I i i i

ent

SAVING RATE -£/

i i i 1 i i i1963 1964

-^•'Personal tax and nontax payments.

— ' Sav ng as a percent of disposable

personal income.

U.S. Department of Commerce. Office of Business Economics 64-8-4

SURVEY OF CURRENT BUSINESS

rate. The steady rise in State and localexpenditures continued. Highway con-struction outlays were little changedbut increases in other State and localconstruction expenditures and in pay-rolls brought about a gain of $1%billion, or 2% percent.

Federal Government outlays, for thefirst time in over a year, were up sub-stantially due to a large rise in nationaldefense expenditures. Expanded De-partment of Defense outlays in Juneaccounted for most of the recentincreases; spending by the NationalAeronautics and Space Administrationwas also up. Nondefense purchaseswere somewhat lower, reflecting mainlydampened price support activity by theCommodity Credit Corporation.

National defense purchases of goodsand services have followed a ratheruneven course this year, and the largesecond quarter rise in Defense Depart-ment purchases does not appear tosignal a reversal of the longer trend inthese outlays. Defense spending in thefirst half of 1964 was virtually the sameas in the second half of 1963, which inturn was only fractionally higher thanthe rate in the first half of that year.

Gains reflected in national income

The continuing business advance wasreflected in an $8% billion secondquarter gain in national income to$506/2 billion. Most of the gain was incompensation of employees, which rose$6 billion as a result of increasedemployment and wage rates. Theemployment rise was strong enough toreduce the unemployment rate in thesecond quarter to about 5/4 percent—the lowest quarterly average in thecurrent business expansion.

Corporate profits, including the in-ventory valuation adjustment, rosesomewhat to reach $57/2 billion accord-ing to preliminary estimates. Themoderate second quarter gain followeda sharp $8/2 billion first quarter rise.Profit margins—as measured by theshare of profits in corporate grossproduct—have continued to be veryfavorable so far in 1964, with bothquarters exceeding the already highfourth quarter 1963 rate.

August

CORPORATE PROFITS, TAXES,DIVIDENDS, AND INTERNAL FUNDS

Billion $65

60

55

50

45

30

25

20

35

30

25

20

15

10

40

50

BEFORE TAX PROFITS^

CORPORATE T A X E S

AFTER TAX PROFITS

UNDISTRIBUTED PROFITS

35 -

30 L

CAPITAL CONSUMPTIONALLOWANCES

45 -

40

35

INTERNAL FUNDS

J_1963 1964

Quarterly, Seasonally Adjusted, at Annual Rate

—'Excludes inventory valuat ion adjustment.

—/Undistributed prof i ts and cap i ta ! consumption

allowances.

U.S. Department of Commerce. Of f ice of Busm

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liMi-4 SURVEY OF CURRENT BUSINESS

The Tax CutThe direct income effects of the 1964

Federal tax reduction are shown in theaccompanying two charts on personaland corporate income. In addition toraising disposable personal income andafter-tax profits of the business sector,the tax law revisions also, of course,affected the Federal fiscal position.

Personal income and taxes

Since the tax cut became effective onMarch 5, its direct effects on disposablepersonal income can be traced mostclearly by examining changes from thefourth quarter of 1963 to the secondquarter of 1964. Over this periodpersonal income rose by $13% billion,an advance not much different from therise in the second half of 1963, Dis-posable income had advanced by anaverage of $6 billion per quarter in thesecond half of last year, and—in theabsence of the tax law changes—theincrease in disposable income wouldhave continued at roughly this rate inthe opening two quarters of this year,given the actual increase in personalincome.

In fact, spendable income was upmuch more sharply: by more than $8 bil-lion in the first quarter and by $12billion in the second quarter, or morethan $20 billion at an annual rate forthe 6-month period. It is estimatedthat the tax reduction directly increasedspendable income by roughly $9 billion(annual rate) in the first half. The 2%percent advance in disposable income,in the spring quarter, it may be noted,was the sharpest in the current expan-sion and the second largest quarterlyadvance since the end of the Korean War.

Due to a number of offsets the actualdecline in total personal taxes (includ-ing State and local) over the half yearwas only $6/4 billion rather than ap-proximately $9 billion. As economicactivity and income continued to rise,State and local taxes increased by one-half of a billion dollars. The impact ofrising incomes also tended to limit thedecline in Federal personal taxes, whichfell $7^ billion over the half year. Thedecrease in withheld income taxes wassomewhat larger than this but otherFederal taxes (especially payments un-der the quarterly declarations system)continued to rise.

Personal spending and saving

The tax cut has stimulated consurnp-tion expenditures this year although itis difficult to make a precise estimate of

the size of this increase. It is alsoevident that so far a good part of thetax cut has been saved.

As pointed out above, personal con-

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

Gross national product

Personal consumption expendi-tures

Durable goodsNondurable good'sServices

Gross private domestic invest-ment

New construction

Residential n on farmOther . ..

Producers' dura ) - le equipment.

Change in business! nventories _

NonfarmFarm

Nat exports of goods and services, _

ExportsImports

Government purchases of goodsand services

Federal

National defenseOtherLess: Government sales

State and local

1961 1962 1963

1963

II III IV

1964

I II

Seasonally adjusted at ;annual rates

1961 1962 1963

1963

II III IV

1964

I II

Seasonally adjusted atannual rates

Billions of current dollars • Billions of 19.54 dollars

518. 7

337. 3

43.7155 4138.3

G8 8

41.0

'n i19.8

25.9

1.9

1. 53

4.6

27.623.0

108.0

57. 4

49.08.9.6

50.6

556.2

356.8

48.4169 0146.4

79.1

44.2

23 620.6

29. 0

5.9

5.3.6

4.0

29. 225. 2

116.3

62.9

53. 610.2

.9

53.5

583.9

375.0

52. 1167.5155. 3

82.0

46.6

25 '>21.3

31.0

4.4

3.9

4.4

30.726.3

122.6

64.7

55.210.3

.8

57.9

577.4

372. 0

51.5166. 6153. 9

80.2

45.9

25. 120.8

30.7

3.6

3.2. 5

4.3

30.526.3

120.9

64.3

55.29.9.9

56.7

587.2

377.4

52.2168. 6156. 6

82.8

47.2

25. 421. 9

31.4

4.2

3.7.5

4.2

31.026.8

122.8

64.4

55.59.5.6

58.4

599.0

381. 3

53.6168. 9158. 8

87.1

48.3

26. 222.1

32.4

6.4

6.0.4

5.8

32.626.9

124.8

64.9

55.310.5

.9

59.9

608.8

390.0

55.9172.9161.1

85.9

49.2

26.922.3

34.2

2.5

2.2.3

7.7

34.526.8

125.2

64.3

54.011.51.2

60.9

618.6

396. 1

57.0175. 3163.8

87.2

48.9

26.222.7

34.6

3.7

3.4.3

5.7

33.727.9

129.6

67.1

57.011.0

.9

62.5

447.9

303.8

41.4143.5118. 9

57.4

34.3

18.216.1

21.4

1.7

1.5.2

2.5

25.823.3

84.3

44.8

39.4

476.4

318.5

45.7148.3124. 5

65.9

36.7

20. 116. 5

24.0

5.2

4.8.4

2.2

27. 525.3

89.8

49.4

40.3

492.6

330.6

49.3151. 6129. 7

67.7

37.9

21.216.7

25.6

4.1

3.6.5

2.2

29.126. 8

92.1

49.7

42.4

487.9

328.6

48.6151. 1128. 9

66.2

37.5

21.216.4

25.4

3.3

2.7.5

2.1

28.926.8

91.0

49.4

41.7

494.8

332.4

49.4152. 5130.6

68.1

38.2

21.217.0

25.9

4.0

3.4.6

2.0

29.427.4

92.3

49.6

42.7

502.0

334.4

50. 8152. 1131. 6

71.7

39.0

21.817. 2

26. 8

5.9

5.5.4

3.5

30.927.4

92.4

48. 9

43.4

508. 0

340. 9

53.1155. 2132. 6

70.1

39.6

22 317.3

28.1

2. 4

2.1.3

5.4

32.727.3

91.6

47.8

43.8

513.5

345.0

54. 0157. 4133.7

70.8

39.2

21.617.5

28.3

3.3

3.0.3

3.4

31.928. 5

94.3

49.8

44.5

Table 2.—National Income by Type of Income (1-8, 1-9)[Billions of dollars]

National income.

Compensation of employeesWages and salaries

PrivateMilitaryGovernment civilian

Supplements t o wages and salariesEmployer contributions for social insuranceOther labor income _ _

Employer contributions to private pensionand welfare funds

Other

Proprietors' incomeBusiness and professional

Income of unincorporated enterprisesInventory valuation adjustment

Farm

Rentalincome of persons

Corporate profits and inventory valuation adji stment _ _ _Profits before tax

Profits tax liabilityProfits after tax

DividendsUndistributed profits

Inventory valuation adjustment

Net interest

1961

426.9

302.2278 8997 o10.241.623.411.811. 6

9.22 4

48.235 335.3

0r> 912.2

44.144.222 321.915.26.7-.1

20.1

1962

455.6

323.1297. 1241.610.844.725.913.612.3

9.72.6

49.836.636. 6

013.2

12.2

48.448.223.225.016. 58.5.3

22.1

1963

478.5

340. 3312.1252.910.948.328.215.113.1

10.42 7

50.637.637. 6

013.0

12.3

50.851.324.626.718.08.7-.4

24.4

1963

II III IV

1964

I II

Seasonally adjusted at annual rates

474.6

338.1310.1251.610.747.827.915.013.0

50.137.3

12.8

12.3

50.251.124.526.617.78.9-.9

24.0

481.9

342.7314.3255. 010.748.728.415.213.2

50.737.8

12.9

12.4

51.451.324.526.717.98.9

2

24.7

490.0

347.7318.8257.6

11.749.628.815.413.4

51.538.3

13.2

12.4

53.154.326.028.319.19.2

-1.2

25.4

498.4

352.5323. 2260. 811.750. 729.415.713.7

51.238.6

12.6

12.4

56.456. 625. 431.219.411.8-.2

25.9

1506.6

358.6328.265.11.51.29. 915.914.0

51.739.1

12.6

12.4

J57.457.425. 831.719.811. 9—.1

26.5

1. Second-quarter national income total and the corporate profits share are based on preliminary estimates and are subject,to revision in next month's S U R V E Y .Digitized for FRASER

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

6 SURVEY OF CURRENT BUSINESS August 1964

sumption expenditures increased bynearly $15 billion from the close of 1963to the spring of 1964. In the sameperiod, personal saving rose $5% billionand the saving rate (personal savingas a percent of disposable income) rosefrom a little over 7 percent to a littleover 8 percent. The second quarterrate is near the upper end of the com-paratively narrow range of 6 to 8)2 per-

cent in which the personal saving ratehas fluctuated since the end of theKorean War. In the past increases indisposable income about as large as the2% percent gain of the second quarter1964 have typically been associatedwitli large increases in the saving rate.However, the length of time it hastaken for the rate to return to a moretypical figure has varied.

Table 3.—Personal Income and Its Use (H-2)

[Billions of dollars]

Personal income

Wage and salary disbursementsCommodity-producing industries

Manufacturing onlyDistributive industriesService industries . . _ . _ _Government-

Other labor income

Proprietors' incomeBusiness and professionalFarm

Rental income of persons

DividendsPersonal interest in come

Transfer paymentsOld-age and survivor s insurance benefitsState unemployment insurance benefitsVeterans' benefitsOther

Less: Personal contributions for social insurance. _

Less. Personal tax and nontax paymentsFederalState and local

Equals: Disposable personal income

Less: Personal consumption expendituresEquals: Personal saving

Addendum- Disposable personal income in constant(1954) dollars

1961

417.6

278.8110.887. 572. 943.451.8

11.6

48.235.312.9

12 2

15.227.5

33.612.64.04.8

12 2

9.6

52.945.17.8

364. 7

337.327. 3

328.2

1962

442.4

297.1118.594. 27 6 . 646.455. 6

12. 3

49.836. 613.2

12.2

16.530. 0

J 4.714.32.94.8

12.7

10.3

57.949.18.8

384.6

356.827.8

343.4

1963

464.1

312.1123.398.080.349.359.2

13. 1

50.637.613.0

12.3

18.032. 9

36. 715.22.85.0

13.7

11.8

61.651.99.6

402. 5

375.027.5

354.9

II

1963

III

Seasonally a(

460. 2

310. 1122.997. 779.749.058.5

13.0

50.137.312.8

12.3

17.732.4

36. 315.3

2. 65.0

13.3

11.7

61.151. 59. 6

399. 1

372.027. 1

352.6

466.3

i 314.3124. 198.581. 049.959.4

13.2

50. 737.812.9

12.4

17.933. 4

36. 515. 42.65.0

13.4

11.9

61.952.2

9. 7404. 4

377. 42 < . 0

356. 3

; 1964. .

IV I II

justed at annual rates

474.5

318.8125.599.981. 950. 261. 3

13.4

51.538.313.2

12.4

19.134.2

37.215.43. 05. 1

13. 6

12.1

63. 353. 49.9

411.2

381.329.9

360.7

480.9

323. 21 26. 7100.682. 751.362. 4

13.7

51.238.612.6

12.4

19.435. 0

38.315.62.85. 2

14. 8

12. 3

61.451.210.2

419. 5

390. 029.5

366.7

487.9

328. 7128.9102.484. 152.463.4

14. 0

51.739. 112.6

12.4

19.835.7

38.016. 12.55.3

14.2

12. 5

56.646.110.5

431.3

396. 135.2

375.7

Table 4.—Gross National Product by Major Type of Product in Current and ConstantDollars (1-6, 1-7)

Gross natio nal product

Final salesInventory change.

518. 7 556. 2 583. 9J577. 4J587. 2 599. 0 608. 8 618. 6 447. 9|476. 4 492. 6 487. 9 494. 8 502. 0;508. OJ513. 5

583. OJ592. 61606. 4;614.9 446.

Goods outputFinal salesInventory change

Durable goods output-Final salesInventory change

Nondurable goods outputFinal salesInventory change..

Services

Construction

Addendum: Auto product.

III

Seasonally adjusted atannual rates

Billions of current dollars

79.,516. 8 550. 31.9

259.8279.5290.257.9 273. 61285.

1.9 5.9 4,

2290.1 289,8:286. 5,285,4| 3 .6l 4.

81296. 71300. 7308,7 290. 3! 298. 2 304.2\ 6.4! 2.5! 3.

94.41105.3 110.41113. 7 108.1J113.494 5J102. 3!l08. 2111. 0 106. o]110. 4- . l j 3.0J 2 .2J 2.7 1.5| 3.0

165. 4 174. 2J179. 8J176. 4J181. 81183. 3185.'171.3 177. 61175. 5|179.

.9! 2.

1961 1962 | 1963

II I III I IV I I II

Seasonally adjusted atannual rates

Billions of 1954 dollars

0 233.3232.

?47i;61250.3 258.OJ245.7i 5.

82.0| 82.5 -.

163. 42.0

. O[ lOO. O l LOO. I IfM). U

i . l 1179. 9 183.9 185.4!. 7 3.4 1.8| 1.2

200. 8! 214. 71228.4 223. 5 231.2

6:151.41149.

1.

234.5239.61241.7

58.1

17.7

62.0J 65.2! 63.7 66.2 67 J 68.6! 68.9

21.91 24.4| 24.2 24.3 25.6 25 .8126.4 14.

l j 91.11 89.:1 j 2. I

61158.81155.7! 2.

4|174.

9 j 51.

8J 18.

488. 5 484. 6 490. 9:496. 1|505. 6 510. 24.1| 3.3 4 .0 | 5.9! 2 .4 3.3

96,94.

1.

6J161.9:159.6' 2.

8:181.

3; 53.

3' 20.

1 257. 7 257.8! 263.2! 266. 2(271. 80!254. 41253. 8J257. 3!263. 8 268. 5H 3.3; 4.0 5.9! 2.4 3.3

I i i I3! 98.7! 94.3! 99.01100.4 105. 44 j 96. 4 j 93. 0! 96.4! 99.8 103.39! 2.3| 1. 2l 2.6! .6 2. 1

! | i I8H59. 0 163. 61164. 21165. 8 166. 461158. 0 160. 8J160. 9J164. Ojl65. 23i 1.0 2.7! 3 .3 j 1.8| 1.2

4|l78.1J183. 5i 184. 2J186. 8! 186. 7

0! 52.11 53. 5| 54.6! 55. o| 55.0

4 20. l| 20.4 21. 6J 21.7 22.0

Corporate income and taxes

In contrast to the personal incometax cut, the entire direct effects of thecorporate tax reduction were reflectedin first quarter after-tax profits. Thedecline in the tax rate, coupled witha continued gain in corporate before-taxprofits, led to a very sharp increase inafter-tax earnings.

In the first quarter, the $2% billionrise in profits before taxes (excludingthe inventory valuation adjustment) atthe old tax rates would have yieldeda rise in after-tax profits of about $1%billion. The actual rise was nearly $3billion, so that roughly $1% billion istraceable to the new tax law. After-taxprofits advanced slightly in the secondquarter, reflecting a rise in before-taxprofits of about three-quarters of abillion dollars.

Federal corporate tax accruals ac-tually declined by only one-half of abillion dollars from fourth quarter tofirst, as the jump in profits before taxesnearly offset the effects of the taxreduction (see chart).

Dividends have continued to rise ata moderate pace this year so that mostof the increase in after-tax income hasgone into retained earnings. The latterhave risen by $2% billion in the past 6months. The increase in corporateinternal funds—retained earnings pluscapital consumption allowances—hasbeen $3% billion, or nearly one-tenth,since the fourth quarter.

The Federal Budget

Reflecting the initial full quartereffects of reduced receipts due to thetax cut and the increase in defense ex-penditures, the Federal deficit on in-come and product account was $9billion at a seasonally adjusted annualrate in the second quarter. This wasa sharp change from the small deficitincurred in the first quarter, which wasmainly the result of the drop in taxes,stemming from the new tax law. In1963, witli revenues rising in line witlieconomic activity and with total Fed-eral outlays changing little during theyear, there was a steady decline in thedeficit, from an annual rate of nearly$5 billion in the opening quarter of theyear to an approximate balance in theclosing quarter.Digitized for FRASER

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

Alljjnst l!Mi4 SURVEY OF CURRENT BUSINESS

Table 5.—Relation of Gross National Product, National Incomeand Personal Income (1-17, 1-18)

Table 7.—Personal Consumption Expenditures by Major Type (II-6)

[Billions of dollars][minoris 01 dollars] • — • — —

Gross national product

Less: Capital consumption allowances .

Equals: Net national product

Less: Indirect business tax and nontaxliability

Business transfer paymentsStatistical discrepancy

Plus: Subsidies less current surplus of

Less: Corporate profits and inventoryvaluation adjustment

Contributions for social insur-ance

Excess of wage accruals over dis-bursements

Plus: Government transfer payments

Net interest paid by govern-

Dividends -Business transfer payments

Equals: Personal income

1961

518.7

44.5

474.1

49 02.4'} (j

1.6

426.9

44. 1

21 4

0

31.3

7.415. 22.4

417.6

1962

556. 2

48. 7

507.5

52.82.41 8

1.6

455. 6

4S. 4

23 9

0

32.3

8.016.52.4

442.4

1963

583. 9

50.8

533. 1

55. 92 , 49 7

1.0

478. 5

50.8

26 9

0

34.3

8.618.02.4

464.1

II

1963

III IV

19

I

64

II

Seasonally adjusted at annualrates

577. 4

50. 5

526.9

55.32.4

-4.3

1. 1

474, 6

50. 2

26 7

0

33.8

8.417.72.4

460.2

587.2

51.2

536.0

56. 12.4

-3.5

. 9

481. 9

51.4

27 1

0

34.0

8.717.92.4

466. 3

599. 0

51.7

547. 3

57. 32.4

— 1.8

. 7

490.0

53.1

27 5

0

34.7

8.819.12.4

474. 5

608.8

52.5

556. 3

57.92.5

-1. (

1.0

498.4

56.4

28.0

0

35. 9

9.119.42.5

480.9

Goods and services, total _

Durable goods, total

Automobiles and parts565 5

Furniture and household equip-ment

2 5 Other

Nondurable goods, total

Food and beverages

i KQ£ {• Clothing and shoes _ _ . - _ --

Gasoline and oil

' 5 7 ' 4 Other28 4

Services, total0 Housing

35 - Household operation

q g Transportation . _ _ _ _19-8 Other

1901

337. 3

43.7

17.1

19. 3

7.3

155.4

81. 3

28. 7

11.9

33.6

138. 3

44.2

20.4

10.7

63.0

1962

356. 8

48.4

20.6

20. 2

7.6

162.0

84.6

29.9

12.3

35.2

146.4

46.5

21.6

11.3

67.0

1963

375. 0

52.1

22.7

21.4

8.0

167.5

87.1

30. 7

12.8

36.9

155.3

48.9

22.7

11.7

72.0

1963 ! 1964

II III IV 1 II

Seasonally adjusted at annualrates

372.0

51.5

22.6

21.0

7.9

166.6

86.9

30.1

12.8

36.8

153. 9

48.6

22.4

11.7

71.3

377.4

52.2

22.6

21.6

8.0

168.6

87.3

31.3

12.9

37.1

156.6

49.2

22.9

11.7

72.7

381.3

53.6

23.2

22.3

8.2

168.9

87.8

30. 9

13.0

37.3

158.8

49.8

23.0

11.8

74.1

390.0

55.9

24.3

23.1

8.5

172.9

89.7

32.1

13.3

37.8

161.1

50. 5

23.5

92.0

75.1

396.1

57.0

24. 1

24.2

8.8

175.3

90.6

33.2

13.5

38.0

163.8

51.1

24.0

12.2

76.4

487. 9Table 8. — Foreign Transactions in the National Income Account

(IV-2)[Billions of dollars]

Table 6.—Government Receipts and Expenditures(111-3,111-4)

[Billions of dollars]

Federal Government receiptsPersonal tax and nontax receipts. _Corporate profits tax accuralsIndirect business tax and nontax

accrualsContributions for social insurance _

Federal Government expendituresPurchases of goods and services

Transfer pay meritsTo personsForeign (net).. _ .__

Grants-in-aid to State and localgovernments .

Net interest paid

Subsidies less current surplus ofof governments nterprises

Surplus or deficit (— ) on income andproduct account

State ardl ocal government receipts

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

accuralsContributions for social insurance-Federal grants-in-aid

State and local government expendi-tures

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

ment enter or ises

Surplus or deficit (— ) on income andproduct account

1961

98.345. 120.9

14.118.2

102.657.4

27.425.81. 6

7.2

6. 7

3.9

-4.3

54.5

7.81.3

34.93.2

54.450.65.4.8

2.4

. 1

1962

106.449. 121.8

15. 120.5

110.462. 9

28. ?26.71. 6

8.0

7. 1

4. 2

-4.1

59. 5

8. 81.4

37.83.58.0

57.353. 55.6.8

2.6

2.1

1963

113.651.923.0

15. 623.0

115.264. 7

29.928.3

1.6

9. 1

3.8

-1.5

64.4

9.61.5

40. 23.99. 1

62.057. 96.0.8

2.8

2.4

II

1963

III IV

19

I

64

II

Seasonally adjusted at annualrates Exports of goods and services

112.951.523.0

15.522.9

113. 964.3

29.527.9

1. 6

7. 5

3.9

-1.0

63. 4

9. 61.5

39. 73.88. 7

60.856. 76. 0.8

2.61

114.252. 223.0

15.723. 2

114.964. 4

29. 628.0

1. 6

9.4

7.8

3. 7

— . 7

64. 9

9. 71. 5

40. 43.99. 4

62.458. 46.0.8

2.8

2.4

117.253. 424.4

15.923.5

116.664.9

30.328. 6

1.7

9.9

3.5

.6

66.7

9.91.6

41.34. 09. 9

64.059. 96. 1.8

2.8

2.7

114.851.223.9

15.923.9

117.264.3

31. 129.5

1.6

9.8

8. 3

3.7

-2.4

67.8

10.21. 6

42.14.19 8

65. 360.96.3.9

2. 8

2.4

*P ^ Imports of goods and servicesi 04 9 ^TC^ transfer payments by government _

~ Net foreign investment16 1

27.6

27.6

27.6

23. 01.63.0

29.2

29.2

29.2

25. 21.62.4

30.7

30.7

30.7

26. 31.62.8

Seasonally adjusted at annualrates

30.5

30.5

30.5

26.31.62.6

31. 0

31.0

31.0

26.81.62.6

32.6

32.6

32.6

26.91.74.1

34.5

34.5

34.5

26.81.56.2

33.7

33.7

33.7

27.91.64.1

24.2Table 9.— Sources and Uses of Gross Saving (V-2)

120.2g7* i [Billions of dollars]

30.729.1

1. 6

10. 4

8.4

3.6Gross private saving

1 —9.2 Personal savingUndistributed corporate profits

1 69. 2 C orporate inventory valuation ad-justment

10.5 Capital consumption allowances. _1 1. 6 Excess of wage accruals over dis-

bursements-42. 64.2 Government surplus on income and

10.4 product transactions

Federal66. 9 State and local62. 56. 4 Gross investment.9

Gross private domestic invest-2. 9 ment

Net foreign investment1 2. '} Statistical discrepancy

1961 1962

78.5

27. 36.7

— l44.5

0

-4.2

— 4 3.1

71.8

68.83.0

-2.6

85.3

27.88.5

348.7

0

-1.9

—4. 12. 1

81.5

79. 12.4

-1.8

1963

86.7

27. 58. 7

A

50.8

0

.9

— 1 52.4

84.8

82.02. 8

2 7

II

1963

III IV

19

1

64

II

Seasonally adjusted at annualrates

85.6

27. 18.9

Q

87.2

27. 08. 9

50. 5 i 51. 2

0 0

1.6 1.7

] 0 i 7

82.9

80. 22.6

-4.3

2.4

85.4

82.82.6

-3.5

89.6

29.99.2

— 1 251.7

0

3.3

91.1

87.14. 1

-1.8

93.7

29.511.8

-.252. 5

0

0

— 2 42.4

92.1

85.96.2

-1.6

35. 21 11.9

-. 153.1

0

1-6.9

-9.2

91.3

4.'l

!-1.9

1. See footnote table 2. 1. See footnote table 2.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Bv SAMUEL PIZER and FREDERICK CUTLER

Foreign Investments in 1963-64E increases in U.S. private

foreign investments have been a majorfeature of the U.S. balance of paymentsin 1963 and the first half of 1964. Arecord amount of $6.3 billion was addedto these holdings in 1963, raising theaccumulated total to over $66 billion.The increase reflected peak capital out-flows of $4.3 billion, reinvested earningsof over $1.5 billion, and $0.5 billion inimproved market values of securities

PRIVATE CAPITAL OUTFLOW AT RECORDRATE IN EARLY 1964

Short-Term Flow Moves Up SharplyPortfolio Investments Drop Under Impact of

Securities TaxDirect Investments Show Further Moderate

Increases

Billion $

2 -

1 -

1950 52 54 56 58 60 62 64

/Es t ima ted f i r s t ha l f 1964 a t s e a s o n a l l y a d j u s t e dannuaI rate.

Por t fo l io i nves tmen ts compr i se net pu rchases offoreign secur i t ies and loans w i th a matur i t y ofmore than one year .

(table 1). Each major category of in-vestments, direct, portfolio and short-term, scored greater gains than in 1962.

Though data for the first half of 1964are still incomplete, capital outflowappeared to be over a $5 billion annualrate, with short-term lending more thandouble the 1963 amount, direct invest-ments not significantly changed, andportfolio investments slowed down sub-stantially as the effects of the proposedinterest equalization tax (IET) andother market factors were felt. First

half outflows included some unusualfactors, such as very large flows toJapan, a carryover of new foreignsecurity issues negotiated prior to theannouncement of the IET, and in-creased financing related to a rise inexports. If these influences diminishand are not replaced by others, such asa considerable relative increase in capi-tal costs abroad, the first half rate ofoutflow may not be fully sustained inthe remainder of the year.

Portfolio and Short-TermInvestments

In the past year and a half U.S.transactions in foreign securities haveundergone very wide swings. Sales ofnew issues of foreign securities reacheda peak of $1 billion in the first half of1963 (table 5), and then declined toabout $300 million in the second half.The July 1963 announcement of a pro-posed tax on U.S. purchases of mosttypes of foreign securities brought ne-gotiations for new flotations nearly toa halt. Of approximately $670 millionsold to U.S. investors in the period July1963-June 1964, only about $120 mil-lion were of a type subject to the tax,and about half of these were issues ne-gotiated prior to the tax proposal.Canadian sales were largely of issuespreviously arranged for; European is-sues were almost entirely stopped, aswere those of other developed countries.

As the U.S. market for foreign issuescontracted there was a compensatingopening up of European capital marketsto foreign issues. These markets hadabsorbed an average of under $0.5billion of foreign issues annually in1961-63, without exhibiting consistentgrowth. In the first half of 1964 aloneroughly $0.6 billion of foreign issueswere sold in Europe. These weremainly European issues, but includedabout $0.2 billion of Japanese issues.

Some of the sales in Europe werepresumably to foreign investors whohad previously purchased parts of newissues offered in the United States, and

to this extent the shift to Europe asthe locus for new offerings did notchange the actual source of funds. In1962 and 1963 these purchases in theUnited States by nonresidents, prob-ably Europeans for the most part,averaged about $175 million a year(table 5). Whether the European mar-ket will absorb as large a volume ofissues in the period ahead is not clear.Most of the increase has been in theUnited Kingdom, Germany, and Lux-embourg; the Netherlands market hasbeen closed (after being sizable in 1961),the Swiss market has not shared in therecent development, and the Frenchmarket has been very limited. Al-though issues offered in the individualcountries are not necessarily purchasedby residents--Luxembourg being theprime example—each country tends toregulate access depending on the localmonetary situation, and, in general,European countries are currently tight-ening their credit policies.

In addition to lowered purchases ofnew foreign issues, U.S. investors havealso swung over to a net liquidation oftheir holdings of foreign stocks sincemid-1963. In the 12 months throughJune 1963, Americans sold $687 millionof foreign stocks and bought $699million; in the following year thev sold$732 million while buying only $494million. The shift led to a net inflowof about $250 million in capital betweenthe 2 years. The proposed tax con-tributed to the sharp drop in purchases,but domestic investments have alsobecome more attractive; since mid-1962stock markets in the United Stateshave shown considerably stronger andmore consistent gains than thoseabroad.

Bank loans expanded

While the capital outflow throughpurchases of foreign securities was di-minishing, there was an offsetting up-surge in term loans by banks. Theamount outstanding on these loanswith a maturity of over 1 year hadincreased at an annual rate of aboutDigitized for FRASER

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

11HJ4 SURVEY OF CURRKXT BUSINESS 9

$200 million in 1960-62. The increaserose sharply to $150 million in thefirst half of 1963 and $416 million inthe second (after eliminating for theyear about $280 million of increasesrelated to changes in coverage andother factors). Outflows oi this typeremained high at about $310 millionin the first half of 1964, then appearedto taper off after March.

Nearly $0.5 billion of these bankloans in 1963 went to Western Europe,largely in the fourth quarter, a muchlarger amount than in any earlierperiod. While the loans were spreadover many countries, Italy alone re-ceived about $130 million. Sizablelending to Europe continued into 1964.Japan also received large term loansin 1963 and in 1964.

Short-term lending arid holdings ofcommercial paper reported by U.S.banks also expanded much more rapidlyin 1963 than in 1962, though the $740million outflow was still well below theamounts in 1960-61. Principal bor-rowers in 1963 were Japan, the Philip-pines, a few Latin American countries,and Canada. Most of this lendingrepresents commercial credits which,because they tend to be renewed andexpanded over time, are not muchdifferent in their economic effect fromloans with longer original maturities.

A much faster expansion of thesecredits, amounting to over $950 million,took place in the first half of 1964.Japan remained the principal borrower,the flow to Canada increased, and theUnited Kingdom also received someshort-term funds.

On balance, iionfinancial concerns re-duced their holdings of liquid assetsoutside the United States in 1963,especially of assets recorded in Canada.This year there are indications thattransfers of funds into liquid foreignassets by such firms may again be asignificant factor in the balance of pay-ments, though the data covering thiskind of capital movement are probablyrelatively incomplete. Given the risingvolume of cash available for liquid in-vestment by nonfinancial concerns,changes in relative yields of comparabledomestic and foreign assets may wellresult in substantial shifts of fundsamong countries.

738-650 °—64 2

Direct Investments Abroad

U.S. business stepped up the pace offoreign expansion in 1963, and by allavailable indications will continue tomaintain a vigorous growth rate abroadfor some time ahead. Total additionsto the foreign investments of the parentcompanies amounted to $3.4 billion in1963, second only to the 1957 peak whenpetroleum investments were extraordi-narily high. The additions came fromnet capital outflows of $1.9 billion andreinvested earnings of nearly $1.6 bil-lion, compared with 1962 equivalents of$1.7 billion and $1.2 billion. With thelatest additions, the total book value ofthe direct investments was nearly $41billion at the beginning of 1964.

While the heightened rate of parentcompany investment is related pri-marily to further expansions of pro-ductive facilities and working capitalneeds abroad, perhaps $100-$200 mil-lion of the earnings retained abroad in1963 were withheld until reduced U.S.corporate profit tax rates became effec-tive in 1964. Thus, there were un-usually high dividend distributionsearly in 1964.

Concentration in developed countries

About three-quarters of the growth ofdirect foreign investments in 1963 wasin developed countries, continuing atrend evident for some time, as shown inthe profile chart. Investments inEurope, which had been growing at arate of about $1.1 billion a year in 1961and 1962, were increased by $1.5 billionin 1963.

Manufacturing investments inEurope rose by over $650 million lastyear, but capital flows were lower thanin the previous year in spite of nearly$100 million included for the purchase ofstock in a French company, while un-distributed profits were considerablyhigher. As noted above, the latter mayin part represent only temporarilydelayed dividend payments. Capitalflows were down sharply for France(except for the single large transaction),Germany, and the United Kingdom,but for the United Kingdom this wasmore than matched by a jump in un-distributed profits. It now appearsthat capital requirements for new facili-ties and acquisitions of interests in

existing enterprises will continue high,but less financing from the UnitedStates may be needed.1

The petroleum industry also investedin Europe at an accelerated rate in 1963,especially in Germany and Italy. Thisstep up was related to the expansion ofEuropean refining capacity of U.S.companies by about 20 percent in 1963.While this activity may have slackenedsomewhat in 1964, the exploration anddevelopment of reserves in the NorthSea will probably call forth largeadditional investments.

In Canada, over $850 million wasadded to U.S. direct investmentssubstantially more than in 1961 and1962 and moving toward the peak ratesof 1956-60. Faster growth was evidentfor both manufacturing and petroleum.

1 A report on sources and uses of funds of foreign affiliates isbeing prepared for the October SURVEY of C U R R E N TBUSINESS.

Table 1.—Factors Affecting the U.S. PrivateInvestment Position, 1962 and 1963

(Millions of dollars)

Type of investment 1963

U.S. private investment s abroadTotal, beginning of yearAdd: Capital outflow '

Reinvested earnings . .Price changes and other ad-

justinents__ -Total, end of vear

Direct investmentsValue, beginning of yearAdd: Capital outflow '

Reinvested earningsOther adjustments -'

Value end of vear

Other long-term private invest-ments abroad

Value, beginning of vearAdd: Capital outflow i

Price changesOther adjustments3

Value, end of year

Short-term assets and claimsValue, beginning of yearAdd' Capital outflow '

Enlarged coverage of re-ports _ .

Value, end of vear

Foreign long-term investments in theUnited States

Direct investmentsValue, beginning of vearAdd' Capital inflow '

Reinvested earningsOther adjustment^4

Value, end of vear

Other long-term investmentsValue, beginning of yearAdd: Capital inflow > .. .

Price changesOther adjustments

Value, end of vear

55, 5813, 4341, 198

— 18860 025

34,6 71,6541, 198— 293

37 22,i

14,3891,227— 114

15,506

6, 525553

2157,293

7,392132214

-1257,612

14, 052141

— 1 511— 78

12,604

60, 025r 4. 301

1,565

47566 366

37, 226T 1 , 888

1 , 565—34

40 645

15, 506' 1,679

453— 27

17,611

7, 293T 734

838,110

7,612T — 5

236101

7.944

12, 604r 3041,902

4014, 850

T Revised.1. Included in the balance of payments accounts; revised

series will be in SURVEY OF CURRENT BUSINESS for September1964.

2. For details see note to table 2.3. In 1962 includes ^classifications (+$41 million) and

foreign exchange depreciation ($85 million); in 1963 includesmainly reclassifications.

4. Mainly revaluations of portfolios of foreign controlledinsurance companies.

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

10 SURVEY OF CURRENT BUSINESS August 11MJ4

Table 2,—-Value of Direct Investments Abroad l bv

Table 3.—Direct-Investment Capital Flow and Undistributed Subsidiary

Table 1.—Direct-Investment Earnings and Income,2

Line

1

2

3

4

5

89

10

11121314151017IS

19

20

21

^2

23242526

27

2<S29303132333435

36

37383V)

40

41

42

43

44454647

48

49

505152

53

Area and country

AH areas, total

Canada, total

Latin American Republics,total.

M e x i c o , C e n t r a lAmerica and WestIndies, total.

HondurasMexico -PanamaOther countries.

South America, total

ArgentinaBrazilChileColombia--PeruUruguayVenezuelaOther countries

Other Western Hemi-sphere

Europe, total-

Common Market, total

Belgium andLuxembourg

France . . _Germany-. . .Italy ..." _ . .Netherlands

Other Europe, total ...

I )onmarkNorway."•i pa inSwedenSwitzerland-.TurkeyUnited KingdomOther Countries-..

\frica, total

LiberiaLibya..Republic of South.

A frica . . . _ _ .Other countries...

Asia, total .

Middle East, total

Far East, total

India.. . . .. _Indonesia . .. _Japan- . _ . .. _.Phillippine Repub-

; lieOther countries,-.

Oceania, total

Australia.New ZealandOther countries

! International

1950

1, 788

3, 579

4, 445

1,488

10662

41558

847

2,957

35f>644540193

't?993

31

131

1. 733

637

692172046384

1, 096

322431582516

847f>3

287

16(**)

140

131

1,001

692

309

385819

149

45

256

2012530

356

1957

25,39}

8, 769

7, 434

2, 234

K M )108739201

1.080

5, 200

333835666396383

2, 46565

618

4, 151

1,680

192464581252191

2,471

425144

1096963

1,974119

664

7224

301

267

2,019

] 1138

881

113169185306

108

698

5834867

1,041

1961 r

U, 667

11,602

8, 236

1,809

I

,*95

830486269

6, 426

6601 , 006

73542543649

3, 007107

954

7,742

3, 104

262860

1,182491309

4, 638

959476

141388

983, 554

193

1,064

160177311

416

2,477

1,240

1,237

190147302410

158

1,108

9576387

1, 485

1962 '

M 22 o

12, 133

8,424

1,912

99867537283

6,511

7991,084

75545545352

2,81696

1. 050

8, 930

3, 722

2861,0301.476

554376

5, 208

11610690

174553108

3,824236

1,271

1X4265357

465

2,500

1,200

1, 300

193160373375

199

1,271

1,0978588

1,647

Table 2

Total

10, 645

13,016

H.«T

2,064

105907620310

6, 593

1, 128768465448

512, 807

98

1.218

10, 351

4.471

3511,2351, 772

668445

5. 880

133123153220(568112

4,216256

1,423

195304415

510

2,784

1,274

1, 510

205167475415

248

1,463

1, 2779889

1, 732

Min-ingand

s m e l t -ing

3,350 !

1, 54!)

1, 093

161

(*)1 16

19

932

( * )30

503(*)240

(*)(* )

210

55

11

10(*)(*,)

45

1(*)(*)

(**}(**)(*)

225

351

(*;(*)

67

191

31

1

31

(*)

(*)

(*)

70

70

""(**")""

963 P

Pe t ro -leum

13,698

3, 133

3, 094

284

Manu-fac-tur-ing

14, 890

5, 746

2, 103

547

(*) (*)

94 12(*) 24

2,810 | 1,556

(* )60

(*)246

56(*)

2, 16645

533

2. 828

1. 330

63261496309201

1, 498

88

401363089

939109

701

(*)(*)(*)

1,925

1,207

718i

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

(*)

496

( * )(*)(*)

988

404063

271206420

2025

108

5, 610

2. 515

225759

1,1162HO154

3, 095

262~8236

13111

2, 73547

176

(*)(*)

158

16

42G

33

387

19144110

37

728

69136

Publicutil i-ties i

2,051

4601

710

191

69 I23

2747

520

(*,)190

(*)2721

(*)3719

48

40

32

11032

16

8

(**)i ** )

3(** )(**)(**)

21

9

(*)(*)(**)

6

38

3

35

2(*+)

1

4

1

(*)(*)(*)

745

Trade

3,305 :

747

881

389

r,1

27415

491

38147

1552416

1858

82

1, 234

436

511581086456

797

16112141

2709

36961

81

(*)(*)

47

18

200

10

191

i 222

5364

50

81

23, (**)

Other

3,351

1, 390

776

492

2180

104195201

2S4

33638

223192724

21817

238

585

147

1137483318

438

217

r>

2374

16913

105

195304142

170

21

149

1041462/6214

157

88

4593889

1962 r

1, 654

314

-32

9

-43

25-23

8

-41

96141321142

— 199-2

61

869

485

271242483551

384

22119

3fi119

8170

9

158

17858

48

92

7

99

8

54-12

118

10613

— 1

74

Table 3

Xet capita outflows

1963 P

j

Total

1,888

339

64

85

6253525

— 22

19-12

14-1— 6-1

-36(**)

156

893

579

30163209126

52

313

18

254393

2109

17

104

103712

45

205

62

143

56821

41

100

991

(**)

1 27

Min-ingand

smel t -ing

65

— 6

-5

(*)(*)-4

" " " 11 1 "

-1

(*)(*)-1

(*)

(*)(*)-1

30

7

(*)

"(*)" '

(*)(*)

(*)

(*)(*)

(*)1

(*)

31

(*)(*)

4

(*)

j-n-(*)

1

1

Petro-leum

810

186

-81

22

-2(*)-5

9(*)

-103

(*)-16(*)-14-14(*)—41(**)

77

356

254

53

1238142

103

143

10363

-238

(**)

62

(*)(*)(*)

(**)

153

58

95

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

(*)

24

(*)(*)(*)

33

Manu-fac-tur-ing

716

101

107

49

(*)(*)

4225

57

34(**)-31317

-1-2

(**)

41

364

271

16129783513

93

33

111066

477

8

(*)(*)

6

(**)

37

(**)

37

318

15

10

59

61-2

Other

297

51

44

19

-360

2421

25

-154

19(**)-1

171

8

166

55

93189

-2

117

(**)(**)

4-384

22310

3

10376

41

15

5

10

4

60

31

15

383

(**)

— 6

Undistributefsidiary earn

1962

1,198

371

268

121

21

22905

147

32631110

11

291

40

292

81

-733422

12

211

-334

— 2953

9119

47

13

39

3

21

-2

23

^-91414

8

43

338o

115

1963

sub-ngs

p

| Min-i ing

Total andsmel t -

| ing

1,555

52S

173 i

79

2-11363

2 <

94

—357-2

81

-132

2

10

568

141

283'56359

427

864

1252

2786

46

(..,43

2

76

11

64

13316

8

83

7111

1

82

66

45

5

-1

(*)(*) |

(**)

6

(*)(*)

(**)(*)

(**)(*)(*)

(**)

3

-3

(*)

" (* ) ""

(*)(*)

(*)

""(*)"(*)

(*)""(*)"

11

(*)(*)

6

4

1

1

(*)

(*)

5

5

r Revised,t> Preliminary.""Combined in ''other industries."**Less than $500,000.NOTE.—Detail may not add to totals because of rounding.

1. The value of direct investments abroad in 1963 w*as adjusted by $34 million owing tovaluation adjustments on companies' books, profit and losses on liquidations, or transfersto other investment categories. The changes in values from year to year for some countriesand industries are affected not only by the capital flows shown in table 3, but also by theflows between primary and secondary foreign affiliates shown in table.

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

August 19C4 SURVEY OF (TRRKXT BUSINESS 11

Selected Countries and Years, With Major Industries for

Earnings, by Selected Countries, With Major Industries for 1963

by Selected Countries. With Major Industries for 1963

[Mill ions of dollars]

: Table 3— Continued

11 Undistributed subsid-

Table 4

Earnings Incomei| iary earnings—Con.

1903 *

Petro-leum

182

69

13

1

<**)(*)-3

3<*)

11

(*)-4

(*)23

<*)10

(**)

-24

86

-11

(**)5

-5— 7— 498

_36

(*•")— 2—2

2943

5

(*)(*)(*)

-3

17

9

8

<*)(*)(*)(*)

(*)

8

(*)(*)(*)

7

Manu-factur-

ing

852

338

81

23

(*)(*)

175

(**)

58

-547

(**)

1-1111

18

301

120

2920595(i

181

(**)143

12(**)

1592

22

(*)(*)

21

1

27

(**)

28

34

135

2

64

577

1902

Other !

465

76

74

56

1

-1(**)

552

19

214

— 1(**)-4

(**)111

12

184

33

11977

149

1123

115(**)

25

8

(**)1

15

30

2

27

2—32011

6

5

941

75

4, 235

825

1,010

213

703

10933

797

73827221

1903"

Total

4, 572

930

964

178

_3

7018528

786

52050233

52 702

505-10

169

844

— 1510— 5

161

992

360 394

|

Miningand

smelt-ing

Petro-leum

359 1, 828

94 150

147

20

(*)(*)

11(**)

t

127

(*.)(*)

49(*)

40(*)(*)

(**)

72

4

(*)

41 : d« :59

1973034

484

25

1212

121— 199735

81

150

71

-12

1,040

852

188

IS733340

24

128

112142

138

08 (*)215 ! (*)3133

598

3111218

1531

37024

170

138580

-13

1,120

935

186

14005338

21

145

127171

90

(*)

(*)

(*)(*)

(*)

(*)

31

(*)(*)

17

13

2

2

(*)

(*)

(*)

8

8

480

3

-2(*)-2

3(*)

477

(*)-2

(*)1810

(*)431— 8

52

67

47

Manu-factur-

ing

1, 52!)

544

153

49

(*)(*)

4052

104

15532

107

-1171

18

605

268

Other

856

142

184

106

2/

137719

78

3714110

13(**)

022

19

317

79

5 37 513 3S 1725 100-2

020

—36

(**)

2211

337

220

— 2 ! &

(**)128

65

(*)(*)(*)

-35

1,001

926

75

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

(*)

4

(*)(*)(*)

10

17(**)301

4

43

(*)(*)

41

2

52

2

49

8

41912

5

115

10591

301115

242

33

1902

3, 050

476

761

98

(**)7

441928

663

4424041251

1477— 9

130

526

247

3522

1372923

279

54

7 715

1381

0212

31

138528

0

66

6

59

0503420

15

18

148

(**)

80

1327-321115

34

143

33

-10

1,017

854

163

17812523

10

75

095

(**)

32

19(53 "

Total

3, 059

441

801

103

-48

492327

698

5713002505

(**)480— 7

155

507

232

1527

1402425

275

P^35

1430

(**)19918

123

831540

-10

956

832

124

7582020

13

57

516

(**)

19

Min ingand

smelt-ing

293

53

141

20

(*)(*)

11

<

122

(*)(*)

48(*)

40(*)(*)(.**)

69

6

(*)

(*)(*)(*)

(*)

(*)(*)

(*)

(*)

20

(*)(*)

10

8

1

1

(*)

(*)

(*)

3

3

Petro- Manu-leum I fac tu r -

j ing

1, 654

80

466

2

9

(*)1

(**)(*)'

463

(*)2

(*)'155

(*)

660

206

70

25

(*)(*)

22(**)

2

45

200155

(**)422 6— 9

78

73

56

1

(**)

296

134

7295

1117

21

-1(**)(**)-1115

59

(*)(*)(*)

-31

893

825

68

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

(*)

-4

(*)(*)(*)

9

1493140

163

21115

(**)150

2

20

(*)(*)

19

1

22

2

18

3(**)

70

3

47

442

Other

451

103

124

56

_9

8102319

69

37(i

105

14(**)

512

7

131

42

5

1848

96

225

12251

3811

Line

1

2

3

4

50789

10

1112131415101718

19

20

21

222324252027

29303132333435

24 36

83 371512

0

40

4

36

3582014

10

12

44

(**)

10

3839

40

41

42

43

44454047

48

49

505152

53

"2. Income is the sum of dividends, interest and branch profits; earnings is the sum of theUnited States share in the net earnings of subsidiaries and branch profits.

3. Data for other countries include Cuba for 1950 ($642 million), and 1957 ($849 million).

indicative of the overall rise in indus-trial activity. U.S. mining investmentsin Canada were relatively low in 1963,but may be larger this year as a resultof the discovery of new ore bodies.

Australia and Japan also received alarger amount of U.S. investment in1963; in Australia manufacturing in-vestments were larger, and in Japanthe increased investment was mainlyfor expanded petroleum refining ca-pacity.

Moderate gains in less-developedcountries

Although the rate of investmentby U.S. companies in the less-developedcountries remained comparatively lowin 1963, some gains were made. Inthe Latin American Republics theamount added to investments was $235million, slightly less than in 1962, in-cluding capital flows of $64 million andreinvested earnings of $173 million.Manufacturing investments declined toabout $200 million, a sharp drop inArgentina offsetting moderate gainselsewhere in the area. Capital flowsfor manufacturing in Brazil remainedsmall but there were sizable undis-tributed profits, presumably reflecting,at least in part, the inability of firmsto make remittances rather than de-cisions to expand. Capital flows frompetroleum companies continued, onbalance, to move toward the UnitedStates, although at a somewhat slowerrate than in 1962.

Substantially higher investments areshowing up in the Caribbean and for-merly dependent territories designatedas "Other Western Hemisphere." Over$165 million was invested in this areain 1963, including not only sizableamounts in mining and petroleum butalso about $60 million for manu-facturing.

African investments by U.S. com-panies were considerably lower in 1963.Petroleum outlays in North Africahave passed their peak rate, manu-facturing in the new nations is stillminimal, but mining investment hasshown some increase. In Asia, on theother hand, petroleum companies raisedtheir investments in Middle East oilresources, and manufacturing firmsmade small increases in their invest-ments.

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

12 SURVEY OF CTRRKXT BUSINESS Aim-list 1 < M » 4

Manufacturing and petroleuminvestments spurt

Most of the direct foreign investmentactivity is in the manufacturing andpetroleum industries, and both grew atan accelerated rate in 1963. About$1.6 billion was added to the value ofmanufacturing affiliates abroad, withcapital flows rising only slightly fromthe 1962 level to a total of about $700million while reinvested earnings rosesharply to a peak of $850 million.

Table 5.—New Foreign Issues Placed in theUnited States, I960—June 1964

[Millions of dollars; before deducting discounts andcommissions]

Areas

1964 (January-June) p

TotalCanadaEuropeAustralia, Republic of

South Africa, New Zea-land and J apan

Other countries 1

International Bank

1963 (July-December)

TotalCanadaEuropeAustralia, Republic of

South Africa, New Zea-land, and Japan

Other countries

1963 (January-June)

TotalCanadaEurope - - -Australia, Republic of

South Africa, New Zea-land, and Japan

Other countries __

1962Total

CanadaE uropeAustralia, Republic of

South Africa, New Zea-land and Japan

Other countries 3

International Bank

1961Total

CanadaEuropeAustralia, Republic of

South Africa, New Zea-land, and Japan

Other countries _ _ .International Bank

1960Total

Canada _ _E uropeAustralia, Republic of

South Africa, New Zea-land, and Japan. -_ -

Other countriesInternational Bank

Gros

"03"o

432273

15

i 1395

31510669

6674

1, 169669

2285

16352

1, 268476273

2303183

106

61226182

13612112

65625750

65175109

s amosold

"5 °1

146

15

1265

142

20

4874

29425

108

12536

582(*)214

20062

106

2775043

898312

44017935

5067

109

Pri

vate

ly

§of

fere

d ^

286273

13

17310649

18

875644

2 177

3816

68647659

303121

335211

39

4738

2167815

15108

u.s

o

400265

9

1215

27610653

6057

1,038637

2222

13049

1,088458198

168a 180

84

533239

5(

lot12012

557221

24

4217397

Pu

bli

cly

1=

offe

red

3-

123

9

i 1095

104

4257

1952245

9335

423(*)140

1386184

2134017

618312

344144

11

276597

Pri

vate

ly

1 2

offe

red

| M

277265

12

17210648

18

843615

2 177

3714

66545858

303119

32019939

4537

2137713

15108

» Preliminary. *Less than $500,000.1. Includes $50 million offering of Inter-American Develop-

ment Bank bonds,2. Includes $115 million of bonds of Shell Funding Corp.3. Includes $75 million offering of Inter-American Develop-

ment Bank bonds.

NOTE.—The amounts shown for U.S . purchases exceed thefigures used in the balance of payments because the latterexclude discounts and commissions. The International Bank forReconstruction and Development issues are reduced by theamount of delayed deliveries included in subsequent years.

Most of the additional investment wentinto Canada and Europe ($1.1 billion)and other developed countries. In theless developed countries there weregains in "Other Western Hemisphere77

and small increases in a few Asian andsome Latin American countries, but forthe Latin American Republics as awhole manufacturing investments werelower than in 1962.

As noted above, there was a sharprise in the proportion of manufacturingearnings retained abroad, which roseto over 55 percent in 1963, compared to40 percent in 1962 and an average of 50percent in the 1958-61 period.

Within the overall manufacturingcategory, the largest investments madein 1963 were by producers of transpor-tation equipment (largely automobiles)and chemicals. As shown in table 6,there has been a nearly four-fold in-crease in U.S. manufacturing invest-ments abroad since 1950, and the rateof expansion by the automobile andchemical companies lias been evenhigher. Other industry groups withinmanufacturing with notable gainsabroad were machinery (nonelectrical)and primary and fabricated metals.

Petroleum investments abroad wereincreased by $1.0 billion in 1963 ($0.7billion in 1962). There was heightenedactivity in Europe, mainly in refiningbut also in other branches of theindustry, in Middle East producingproperties, in Far Eastern refinery andother operations, and in Canada.

It is estimated that U.S. companiesincreased their production of crude oilabroad by nearly 12 percent in 1963and their foreign refining capacity byabout 10 percent.

Earnings and IncomeEarnings on U.S. direct foreign

investments moved up about 8 percentto $4.6 billion in 1963, keeping fairlyclose to the increase in book values.The overall ratio of earnings to bookvalues remained at about 11 percent,where it has been with little variationsince 1958. About two-thirds of therise in earnings was accounted for bythe manufacturing affiliates, primarilyin Europe and Canada but smallergains showed up in all other areas aswell. With the upsurge of demand inmost European countries earnings gen-erally improved, in contrast to rather

widespread declines in 1902. Higherearnings in Canada resulted from asimilar development.

Petroleum investments showed mod-erately higher earnings in 1963, thoughthe total of $1.8 billion was not muchabove the previous peak in 1957.About half of the gain in 1963 reflectedthe beginning of substantial productionin North Africa, reversing earlier lossesrelated to the exploration and develop-DSRECT JNVESTMENTS

Earnings Grew Less Rapidly Than BookValues in 1963

Manufacturing Earnings Recovered From1962 Slump

Earnings in Petroleum Continued Gradual Increase

Billion $

60

(ratio scale)

40

30

20

10

,_ ALL INDUSTRIES

Book Valuef left scale)

Billion $

12

.61950 52 54 56 58 60 62

-1/tnd of Yeor

U.S. Department cf Commerce, Office of Business Economics 64Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1004 SURVEY OF CURRENT BUSINESS 13

inent process. Petroleum earnings werealso somewhat higher in Asia and inCanada.

Earnings of other industries did notchange materially in 1963; the onlysizable gain was connected with theexpanded activity of affiliates in whole-sale and retail distribution. There wassome reduction in earnings of agricul-tural and mining properties.

Income remittances unchanged

While earnings rose in 1963, there wasno increase in the $3.1 billion that cameto the United States as dividends,interest and branch profits. For in-stance, while earnings in manufacturingoperations rose by $225 million, incomepaid to the United States actuallydropped by nearly $90 million, leadingto an increase of nearly $340 millionin earnings retained abroad. Incomeremittances of this industry were lowerin every area.

The decline in income receipts frommanufacturing affiliates was aboutmatched by higher receipts from petro-

Table 6.—Direct Investments in Manufac-turing Enterprises Abroad, Selected Years,1950-63, by Commodity*

[Mil l ions of dollars; yearend book values]

Manufacturing, total

Food products-Paper and allied

productsChemicals and allied

productsRubber products _ _ -Primary and fabri-

cated metals- _ _ _ .Machinery (except

electrical)-- _ . . _Electrical machinery _Transportation

equipmentOther products

1950

3, 831

483

378

512182

385

420387

485599

1957

8,009

723

722

1,378401

941

927731

1, 204983

1961 i

11,997

1,018

923

2, 059531

1, 373

1, 4631, 004

2, 2401, 386

1962 !

13,250

1, 105

967

2, 260583

1, 495

1, 6261, 106

2, 5(501, 548

1963 i

14,890

1,242

1, 053

2, 580623

1, 659

1, 8051,198

2,9411,789

*Data for a limited number of areas are available on re-quest.

XOTE.—Detail may not add to totals because of rounding.1. 1961, 1962 and 1963 data exclude Cuba. These invest-

ments were estimated at yearend 1960 at $111 million.

Table 7.—Net Capital Flows Between Pri-mary and Secondary Foreign Affiliates,1961-6:5

[Millions of dollars; net inflows ( — ) ]

Canada _ _Latin America

Panama _ .ArgentinaMexico

Europe .FraneeGermanyItalySwitzerlandUnited KingdomOther Europe

Other countries

!1961 |

i4 | .2 i

10 !— 6 i-4 I

i(

-15 f-8 i

-25 ;60 ,

— 6 '-6 !

— &

I1962 | 1963

! -416 -113 14

— 11 —1411 -5

-22 24-14 -5-4 -20

-21 -948 105-9 -4

-22 -43

% -19

leum operations in most areas. Muchof the petroleum investment in produc-ing properties is organized as branchesfor tax reasons, and branch profits arecounted as "received" when earned—for tax purposes and in the balance ofpayments accounts—without regard towhether an actual remittance occurs.Consequently, income receipts (asshown in table 4) tend to be dominatedby the branch profits in petroleum.

Other industries taken together ac-count for substantial earnings andincome receipts, $1.2 billion and $0.7billion, respectively, in 1963, about thesame as in 1962.

Royalties and fees received fromforeign affiliates exceeded $600 millionin 1963, and continued to grow morerapidly than returns in the form ofdividends and profits. For manufac-turing in particular, receipts of royaltiesand fees of nearly $350 million in 1963(table 8) were over half as large asdividends received from foreign affiliates.

Foreign Investments inthe U.S.

During 1963 foreign long-term in-vestments in the United States rose bythe very large amount of $2.6 billion.As shown in table 1, however, about $2billion of this represented the gain inmarket value of U.S. corporate stocksheld abroad, including securities in theportfolio of U.S. branches of foreigninsurance companies. The year before,there had been sharp declines in values,following the market break in May 1962.

Foreign net purchases of U.S. equitysecurities have followed the course ofthe U.S. market quite closely: Netliquidations showed up quickly afterMay 1962, and net purchases againbecame evident in the last quarter ofthe year and throughout 1963. Netpurchases in 1963 were about $200million, which was below the peaks olover $300 million registered in 1959 and1961, but above the $150 million annualaverage since 1951. In spite of thecontinued relatively strong perform-ance of the U.S. stock market, how-ever, there were net foreign sales ofU.S. stocks amounting to nearly $100million in the first half of 1964. Mostof the selling was for British account.

By the end of 1963 the aggregatemarket value of the U.S. corporate

stocks held abroad was estimated at$12.5 billion, with the largest amountsrecorded for Switzerland (nearly $4billion), the United Kingdom (over$2% billion), and Canada ($1% billion).The actual owners, of course, are notnecessarily in the countries of record.

Foreign direct investments

The value of foreign direct invest-ments at the end of 1963 was a littleless than $8 billion, an increase of $330million over the previous year. Thisrise consisted of $235 million in undis-tributed profits of U.S. subsidiaries, a$100 million increase in the marketvalue of securities held by insurancecompanies, and a small reduction fromnet capital outflows.

PROFILE OF U.S. DIRECT INVESTMENTS

ABROAD

Growth Has Been Concentrated in DEVELOPEDCOUNTRIES, With Major Gains inManufacturing and Petroleum

Billion $Year-end Book Values -

15

"10

n]950 60 1 2 3 1950 60 1 2 3 1950 60 1 2 3

Investments in LESS DEVELOPED CountriesShow Minor Increases Since 1960

10

oLfL

r

1950 6C 1 2 3

MANUFACTURING

1950 60 1 2 3 1950 60 1 2 3

PETROLEUM OTHERINDUSTRIES

U.S. Department ol Commerce, Office of Business EconomicsDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

14 SUKVKY OF ( T R R K X T BUSINESS August 1<W4

In 1963 there was a net outflow ofcapital of $5 million from foreign-ownedcompanies in the United States to theirparents and affiliates abroad, as com-pared to a net inflow of $132 million in

Table 8.—Direct Investment Receipts ofRoyalties and Fees,1 by Areas and MajorIndustries, 1961-63

[Mil l ions of dollars]

Area and industry

All Areas, totalPetroleumM anufacturingTradeOther industries. .

C inada, totalPetroleum _ - _ _ _M anufacturingTradeOther industries. - _

Latin America, total . .PetroleumM anufacturingTradeOther industries. -

Europe, totalPetroleumM anufacturingTrade . .Other industries

Other areas, total -PetroleumA'l anufacturingTradeOther industries.

1961

44895

2404767

10214669

14

10324431324

16121

1061916

8237256

14

1962

54897

3035692

1141577

715

12327491631

21019

1392725

10136386

21

1963 P

622108346

65103

11914836

16

12127461731

25918

1763232

12448429

24

p Preliminary.\OTK.— Detail may not add to totals because of roundings.1. Excludes foreign film rentals.

Table 9.—Foreign Direct Investments in theUnited States—Capital Flow by Type,Area and Industry, 1962-63

[Millions of dollars: outflow (-)]

Area and industry

All areas, total

Canada

United Kingdom- .

Other EuropeBelgiumFranceGeriunnvItaly

NetherlandsSweden _ _ _ _SwitzerlandOther ._

Latin America

Japan

Other areas

All industries, total _ _

PetroleumManufacturing......TradeInsuranceOther financeOther .

19

•~ fe^ £" Co^

132

43

19

4357

3199

-191

-73

C

24

—3

132

_99

41833611

-17

62

^

•£ "c• * £ *

38

7

2

273

1424

1(*)

3

1

38

274

61

•^ >5 ̂ c^o oc

-5

44

44

-61— 2

K

— 919

— 35(*)-32

3

-24

-10

3

—5

-4442

-51

3745

196

f>J!K

ici P Oo ^ o'Jr. c ci

— 79

28

12

yr j9

-5— 10

— 6

-50(*)

3

-17

—31

3

-79

—60-8

-39

91~

3

rt

o ̂,̂ >• o

^151

3'>

36

62

11

15

20

21

151

20633

3035

c• .S~ "S

^

-77

— 17

-5

-48

-1

2-47

~7

— 77

— 5-14-14

-'—39-1

5

* Less than *500,900.1. "New investments" represents initial investments in

U.S. companies or increase in equity capital of existingforeign-owned U.S. companies.

2. Primarily represents sale of a controlling interest in aU.S. company in exchange for a minority interest in theU.S. nurcha'-er.

NOTK,— Detail may not add to totals because of rounding.

1962. This development did not re-flect a reduction of new investmentactivity in the form of initial invest-ments in U.S. companies or additionsto equity capital in existing' companies.New investments in 1963 amounted to$150 million, considerably more thanthe $38 million for 1962 (table 9).About $90 million of this total wasinitial investments in U.S. companiesand $60 million represented additionalequity capital in existing companies.

The net outflow for 1963 was largelythe result of activity in open accountsbetween U.S. companies and their par-ent organizations and affiliates abroad,which went from an inflow of $120million in 1962 to an outflow of $80million in 1963. These open accounttransactions fluctuate widely, especiallyfor trading companies. About half ofthe outflow on intercompany accountin 1963, or about $40 million, was ac-counted for by trading companies, andthis was in large measure a repaymentof $80 million of inflows by these com-panies in the previous year. The re-mainder of the 1963 capital outflow wasaccounted for by $77 million of liqui-dations of foreign investments, morethan half of which resulted from thepurchase of a Swiss-owned insurancecompany by a U.S. company throughthe exchange of stock.

Earnings of the foreign-controlledcompanies rose 18 percent in 1963 to$511 million. Of this amount com-panies engaged in petroleum and manu-facturing accounted for $150 millionand $200 million, respectively. Eachshowed considerable gain from the pre-vious year, petroleum earnings risingabout one-fifth and manufacturing one-third. The manufacturing companiesraised their dividends in 1963, b}^ anamount about equal to their increase inearnings, but for some time most ofthe petroleum earnings have remainedundistributed as dividends.

Short-term investments

A further increase of $2.6 billionoccurred in 1963 in foreign holdings ofshort-term assets in the United Statesand various types of U.S. Governmentobligations. Of this amount, about$2.2 billion represented liquid assets—largely deposits in U.S. banks, com-mercial paper held with banks, and

marketable U.S. Government obliga-tions, but including for 1963 an increaseof $702 million in foreign holdings ofnonmarketable U.S. Government ob-ligations convertible into marketableobligations on short notice. It is this$2.2 billion, together with the changein our gold stock and monetary assets—a decrease of $400 million in 1963—that corresponds to a net decline inU.S. monetary liquidity of $2.6 billion

(Continued on page 24)Table 10.—Foreign Direct Investments in

the United States—Earnings, IncomePaid Out, and Undistributed Profits, byArea and by Industry, 1962-63

[Millions of dollars]

Area and industry

Total-

By AreaCanadaUnited KingdomOther Europe _Other areas

By IndustryPetroleumM anufacturingTradeInsuranceOther financeOther industries

bfiCd

y

432

14710517210

126146196575

(*)

1962

*c3

0

8 0

~

258

105657513

14768

658213

£ C3

is 3^•3'S °fi § a~

214

5644

1141

1168815

—2—3

£f

§K

511

177143182

g

154197

1051926

1963

'c3

CD

o d

£

298

128688616

17122

6518616

It'I'll

111,P

236

667797

—4

138

7

5(*)

* Less than $500,000.NOTE.—Detail may not add to totals because of rounding.

Table 11.—Value of Foreign Direct Invest-ments in the United States by Area andIndustry, 1950, 1960-63

[Millions of dollars]

Area and industry

Total .-..

By Area

Canada

United Kingdom

Other Ku.ro peBelgiumFranceGermanyItalv

NetherlandsSwedenSw i 1 7 er 1 an dOther countries

Japan

Other areas

By Industry

PetroleumManufacturing..Transportation _TradeFinance and insuranceOther industries

1950 ! I960

3, 391

1,020

1 168

6,910

1, 934

9 94S

1 059 '9 .inQ( r>0)(00)

334C)348

(2)

134

4051, 138

(3)(3)

1, 065784

15716810?>71

166773

74

sx

181

1, 2382,611

408634

1,810209

|1961 1962 *

7,392 7,612

1, 989 2, 064

9 484 9 474

2, 64415117512089

1.023176S30so

92

182

2. 754" 405

2. 025231

2,771158183152100

1,08217983683

112

190

1,4192, 885

404750

1,943212

1963 P

7,944

2,183

2, 665

2, 826161182149102

1, 13418582589

104

165

1, 5133,018

406706

* 2, 045257

r Revised. P Preliminary.1. Included in other countries.2. Included in other areas.3. Included in other industries.4. Includes approximately $100 million due to upward re-

valuation of securities held by insurance companies.XOTK.— Detail may not add to totals because of rounding.

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

SUKVKY OF C U R R E N T BUSINESS 15

Personal Income by States and Regions in 1963

Analysis of Employment Changes by County

The Regional Economics Division of the Office of Business Economics hascompleted a statistical analysis of certain factors underlying the employmentgrowth of 3,102 local areas (mostly counties) in the United States for theperiod 1940 to I960. These analytical materials will be published within afew months. Meanwhile, because of the large number of requests which arebeing made for them, OBK is making the machine1 output available1 on alimited basis for immediate inspection. Tho tabulations may bo examinedin the Regional Economics Division of the Office of Business Economics,U.S. Department of Commerce, Washington, D.C.

JL HIS annual report presents OBE'sdetailed estimates of personal incomein the various States and regions in1963. Preliminary figures, togetherwith a brief review of major develop-ments last year, were published in theApril issue of the SURVEY. That issuealso carried a comprehensive review ofgeographic income changes since WorldWar II. The 1963 estimates in thatreport were based on preliminary andincomplete source data and were pre-sented in summary form with only totaland per capita income shown for eachState.

The 1963 income data in the follow-ing pages are revisions of the earlier ag-gregates, but more importantly, theyinclude detailed breakdowns of thetotals by industrial source and type ofpayment. Figures for 1961 and 1962have also been revised, although therevisions are minor. They reflect theconsiderable amount of additional datawhich have become available since theestimates were first prepared, as well asadjustment to the revised nationaltotals published in last month'sSURVEY.

Table 1 shows total personal incomeby States from 1954 through 1963.'Fable 2 presents annual estimates ofper capita income from 1950 forward.

Comparable figures for earlier yearsback to 1929 may be found in "PersonalIncome by States Since 1929," a 1956supplement to the SURVEY, which isavailable in libraries and which maystill be purchased from the Super-intendent of Documents, U.S. Govern-ment Printing Office, Washington, D.C.,,20402, or from the nearest Departmentof Commerce field office.

Disposable personal income

Table 3 contains estimates of totaland per capita disposable income forselected years from 1929 through 1963.Such estimates for all years have notbeen made mainly because of datalimitations. In this connection, how-ever, it may be noted that the regionaldistributions of disposable income andpersonal income in any given year arequite similar, and that long-run geo-graphic shifts in the two measures aremuch the same.

'Fables 4-62a present a breakdown ofpersonal income in each State andregion by major source for the period1961-63. This detail includes wageand salary disbursements classified intoabout 25 separate industries, proprie-tors7 income subdivided into farm andnonfarm components, and totals foreach of the other main types of personalincome. An industrial breakdown of

nonfarm proprietors' income is not pro-vided in view of its questionable valid-ity for separate analytical use, partic-ularly with regard to year-to-yearchanges. Comparable data, for 1929through 1953 are contained in thePersonal Income supplement notedabove. Figures for 1954-56 may befound in the August 1959 issue of theSURVEY; for 1957, in the August 1960SURVEY; for 195S, in the August 1961SURVEY; for 1959, in the August 1962SURVEY; and for I960, in the August1963 issue.

Income by industrial origin

Frequent requests are received forbreakdowns of State personal incomeby industrial source. Available statis-tical data do not permit a completeallocation of total income to the in-dustry of origin in each State. How-ever, in addition to the considerabledetail in tables 4-62a, some additionalclassifications of personal income byindustrial origin have been prepared.

Thus, table 63 shows the amount ofpersonal income received in each Statedirectly from farming, government(separately for Federal and State andlocal), and private nonfarm pursuits.Separate focus on these three sectors

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

16 SURVEY OF CURRENT BUSINESS

has been found essential for analysis of merit of total personal income. Thisboth the composition and movement oftotal personal income by States andregions.

Table 70 provides an industrial dis-tribution for each State of a large seg-

consists of the combined total of wageand salary disbursements, other laborincome, and proprietors7 income. Thesethree flows together account for aboutfour-fifths of the Nation's personal in-

come and present a broad view of theindustrial composition of each State'seconomy. Also, they represent themost comprehensive measure of currentdollar production that has been con-structed on a geographic basis.

Table 1.—Total Personal Income, by States and Regions, 1954-63

Table 2.—Per Capita Personal Income, by States and Regions, 1950-63

State andregion

United States.. . _.

New England.

MaineNew Hampshire ...Vermont

Massachusetts. .Rhode IslandConnecticut

Mideast

New YorkNew JerseyPennsylvania -

DelawareMarylandDistrict of Columbia

Great Lakes

Michigan .... .OhioIndiana . _ _ _

IllinoisWisconsin _ . .. _

Plains

MinnesotaIowaMissouri

North Dakota . . _ _ .South DakotaNebraskaKansas. ._ __ . -.. -

Southeast _ . _ . .

VirginiaWest VirginiaKentucky-

TennesseeNorth Carolina

GeorgiaFloridaAlabama

MississippiLouis ianaArkansas

Southwest

OklahomaTexasNew Mexico.. _ , .. ...Arizona

Rocky Mountain

MontanaIdahoWyoming _ . . - - . .

ColoradoUtah _ _ - . .

Far West

WashingtonOregonNevadaCalifornia -

Alaska1 lawaii

Table 1 (millions of dollars)

1954

285,339

18,857

1,312894543

9,4031,5155,190

73, 231

34, 18911,62219, 572

9065.0841,858

64, 894

14, 12717,2417,623

19, 7516.152

24, 084

5, 1544,4897,055

783910

2 9593,434

43, 148

5,2562,4143, 627

4, 0565, 02:-!2 414

4, 4145,3123,258

1 , 8363 7561 . 782

19, 136

3, 162J3.391

1.0881,495

6,174

1,071880537

2, 5431,143

35,815

4.9562,919

50827, 432

49$893

1955

306,598

20, 200

1,452952567

10, 0561,6175,556

78,014

36, BOS12, 35120, 706

1,0495,4531,947

70, 208

15, 78518, 5898,251

20, 9686,615

24, 683

5,4504,2607,579

872861

2,2033,458

47, 154

5, 6032, 5863, 782

4, 3475, 5352 604

4,9186, 0883.708

2,0653, 9851,933

20, 513

3,34114,380

1, 1591,633

6,670

1,158917570

2,7831,242

,39,156

5,2113,139

58230, 224

500952

1956

330, 380

21,642

1,5321,006

606

10, 7191,6776,102

84, 058

39,02313, 37922,410

1,2045, 9982,044

75, 341

16,58719,9018,859

22, 8577,137

26, 200

5,7684,5728,082

917926

2,2943,641

50, 971

6,0942,8784, 022

4,6525,9022,711

5,2746,9793,932

2, 0974,4242,006

22, 105

3.57215,4221.2571,854

7,285

1,2291,024

6,4

3,0641,354

42, 778

5, 5023,398

60533, 273

5481,024

1957

348, 724

22, 793

1,5901,071

628

11,3461,6946,464

88,586

41, 19014 20523, 525

1,2156,3812,070

78, 469

16,92320,906

9,212

23,9417,487

28, 099

6.1735, 1108,310

9391,0912, 6383,838

53, 790

6, 3863.0824,203

4,8645,9762,818

5,4327,7634,206

2,1164,8842,060

23, 697

3, 73016,5561,4012,010

7,830

1,2801,072

650

3,3671,461

45, 460

5, 8323,400

64635, 582

5371,098

1958

357, 498

23, 339

1,6541,097

649

11, 6681,7386,533

90, 029

42,06114,40423, 582

1, 2226,6412,119

77, 939

16, 54020. 4949,123

24, 1007,682

29,551

6,4845,2458,666

1,0491,1242, 7364, 247

56, 102

6,6412,9744,347

5,0166, 3002,931

5,6768,4814,382

2,2814,9292,144

24, 869

3,94217,1651,5582,204

8,207

1,3381,121

688

3,550L510

47, 462

5,9773,556

68837, 241

5261,158

1959

381,326

24,701

1,7171,201

697

12,3811, 8326,873

96, 100

45, 19715,49924, 757

1,2997,1332,215

83,188

17, 46721,9779,741

25, 6938,310

30,481

6,7065,4129,260

9861,0272,7884,302

59, 965

7,0433, 0604,563

5, 3466,7163,142

6.0799,3844,617

2,4905,1652,360

26,328

4,08318,1321,6882, 425

8,627

1,3281,180

720

3,7691,630

51,936

6,3723,845

75940, 960

5551,290

19601

399,028

25,904

1,8201,266

734

12, 9521,8757,257

9 9, 666

46, 83716, 19325,539

1,3487,4532,296

86,232

18, 17322, 72210!211

26,5648, 562

32, 086

7,0945,5809,524

1,1071, 2663,0254,490

62,268

7,3793,0994, 672

5,4947, 1383,300

6.3689, 8434,789

2,5525.2402,394

27, 190

4, 30518,486

1 , 7302, 669

9,072

1, 3631, 184

765

4,0391 , 721

54,557

6, 5973, 962

81543,183

6321,421

19611

415,182

27, 002

1,8421,314

754

13, 5791,9417,572

103,329

48, 63317, 06025, 954

1,3847,9422,356

88, 009

18,11423, 08610, 460

27, 4788,871

33; 168

7, 4395,8109,865

9951,2753, 0964,695

65, 452

7,7603,1255,007

5, 8447,6173,472

! 6, 59910, 3194,947

2,7515, 3962, 615

28, 786

4,50219.5691, 795

; 2,9209, 539

1,3451,242

4, 3401,839

57, 748

6, 9464,083

91145, 808

6281,521

19621

439,977

28, 526

1,9181,394

794

14, 2692,0828,069

108,889

51,24318, 07327,015

1, 4668,5552,537

92, 706

19, 26424,21511,041

28, 8959,291

35, 262

7, 7126,075

10, 385

1,4001. 4603,3194,911

69, 922

8,3993, 2245,283

6,1848,1773, 745

7,14511,2215,164

2, 9065, 6922,782

30, 181

4,67520, 4371,8883, 181

10,336

1,5581, 351

810

4,6181, 999

61,907

7,4264,3241,104

49, 053

6611,587

1963 !

461,610

29, 780

1,9711,450

827

14, 8892, 1538,490

113,617

53, 36118, 86128,017

1,5709,1632, 645

97, 073

20, 62425. 16411, 648

30, 0209,617

36, 534

8,1526,399

10, 900

1,3001,3903,3765, 017

74, 360

8,9073,3485,545

6,5888, 6013,944

7,71511,9335,538

3, 1836, 0722,986

31,502

4,85821, 351

1,9533,340

10,667

1,5531, 366

834

4,8312, 083

65, 706

7, 5754,5681, 246

52, 317

7041,667

Table 2 (dollars)

1950

1,491

1,629

1,1931,3161,188

1, 6631,6521,900

1,759

1,8821,7901,566

2,1461, 5802.179

1,660

1.6821,6121,520

1,8261,467

1,411

1,3971,4491,446

1,2681, 2161,4721,380

1,011

1,2341,098

958

9951,012

882

1,017! 1,287

869

i 7331,087

807

1,288

1,1461,3391, 1621,295

1, 425

1,60011,2791,623

1,4441,282

1,788

! 1,6711, 600|1,9381,839

k 831\1,403I

1951

1,649

1,823

1,3001,4701,328

1, 8451, 8152,200

1,914

2,0022,0001,734

2,2851,7672,344

1,872

1. 8651, 8671,695

2, 0351,697

1,530

1,5331, 5541,562

1,3221,4161,5561, 515

1,127

1,3931,2211,121

1,0801,1151,046

1.1411,375

986

7931,173

905

1,419

1, 2831,4531,2901,561

1,643

1,7711,4461,884

1,7201,458

1,975

1,8161,7572,1832,037

2, 6291, 589

1952

1,727

1,908

1,4271.5271,396

1,9161,8462,322

1,994

2,0792,1141, 795

2,3951,8842,411

1,945

1,9461,9541,756

2,0951,760

1,607

1,5891, 6251,661

1,2321,2441,6701,715

1,194

1, 4751,2901,203

1,1321,1521,117

1,2011,4571,044

8551,243

965

1,499

1,4021, 5231,3451, 655

1,699

1,7861,5741,828

1,7911,504

2,068

1,9091,8272, 3652,129

2,4871, 745

1953

1,788

1,958

1,4311,5701,434

1,9571,8982,400

2,076

2,1472, 2161,902

2,5101,9672,276

2,053

2,1342,0181, 913

2,1971,784

1,614

1,648ls 5591,715

1,2461,3451,6051,637

1,237

1,4841, 3071, 250

1,2181,1721,141

1,2391,5351, 084

8861,295

995

1,529

1,4761,5491, 3611,610

1,667

1,7981,4991, 854

1,7141,526

2,103

1,9651,8082,3572, 165

2,3871,782

1954

1,770

1,938

1,4311,6141, 448

1,9361,8542,351

2,051

2, 1612,2141,813

2,4751,9242,244

1,969

2,0071,9241,787

2,1741,709

1,656

1,6481,7061,705

1,2571,3751,7001,691

1,232

1,5091,2531,246

1,2061,2001,081

1,2091,5341, 068

8831,3011,001

1,553

1,4661,5851,3881,604

1,632

1.7471,4941,790

1,6731,500

2,089

1,9521,7672,3632, 154

2, 272i, 768

1955

1,866

2,076

1, 5751,7121, 528

2,0851,9602,489

2,153

2,2702, 3041,915

2. 7181, 9522,434

2,094

2.1782.0611,892

2,2721,804

1,664

1,7101, 5871,795

1,3891,2791,6201,662

1,323

1,5711, 3561,297

1,2701,2851.U7

1,3321,6591, 199

9941,3571,087

1,615

1,5281,6451,4341, 696

1,701

1,8621,5181, 810

1,7581,556

2,210

1,9811,8572, 4252,297

2, 28S1,789

1956

1,975

2,214

1,6441,7741,612

2,2281,9892,716

2, 302

2,4202,4292,065

2,9802, 1032,644

2, 207

2,2202. 1^31,985

2,4401, 908

1,743

1,7691,6821,904

1,4581,3561,6501,725

1,402

1,6471, 5211,385

1, 3511,3481,182

1,4021,7711,258

9891, 4611,136

1,702

1,5951,7321,5271,816

1, 793

1,9021,6541,913

1, 8511,645

2,326

2,0461,9692, 4202,424

2,491\ 1, 862

1957

2,048

2,298

1,6861, 8591,666

2,3291,9842,813

2,406

2,5422,5352,149

2,8932,2202,668

2,260

2.2452,2532,029

2,5051,969

1,856

1, 8631,8641, 951

1,4931,6001,8921,809

1,446

1,6711,6361,429

1,4011,3451,210

1,4181,8291,325

9921, 5651,148

1,772

1,6411,8151,6101, 806

1,884

1,9341,6782,012

1,9891,743

2,397

2,1281, 9602,5142,500

2,3971,916

1958

2,064

2,302

1,7481,8781,708

2,3492,0212,720

2,407

2,5642, 4952, 133

2, 8552,2332,759

2,200

2> 1632,1591,985

2,4511,989

1,954

1,9451, 9212,044

1,6921,6751,9771,984

1,485

1,7021,5821, 453

1,4331,4161,249

1,4691, 8551,360

1,0751,5601,209

1,819

1,7361,8431,7231,868

1, 965

2,0151,7382,137

2,1011,766

2,430

2,1482,0502,5862,526

2,4691,946

1959 1

2,163

2,380

1,7921,9951,806

2,4362, 1452,755

2,524

2,7202,6012, 204

2,9592, 3382,888

2,319

2. 2532, 2862,110

2,5762,123

1,995

1,9851,9722,161

1, 5731,5131,9891,990

1,565

1, 7931,6351,514

1, 5071,4921,327

1,5581, 9591,425

1, 1521,6111,327

1,889

1,7741, 9181,8191,934

2,028

1,9911,7932,215

2,1821,859

2,572

2,2572,1902, 7202,671

2, 5232,118

960i

2,217

2,465

1,8712,0751,892

2,5182,1932,858

2,583

2,7782.6632,256

3,0022.3982,993

2,375

2, 3172.3312,188

2, 63^2,157

2,081

2,0742,0222,204

1,7491,8452,1292,060

1,601

1,8521, 6761,536

1,5391,5621,379

1, 6091, 9671, 462

1. 1681, 6081,338

1,906

1, 8401,9171, 8062, 013

2,083

2,0041,7652, 284

2,2831,910

2,625

2,3002,2252,7912,725

2, 7602,274

19611

2,268

2,565

1,8662,1611,948

2.6482, 2«22, 9^8

2, G40

2,8292,7512,283

3,022? 5243,017

2,400

2,2662, 3312.227

9 7249 2^2

2, 135

2, 1542,0882,277

1,5501,8242,1612, 139

1,654

1,8861, 7271, 035

1,6221, 6351,438

1,6421 , 9691,487

1,2401, 6301, 450

1.955

1, 8811,9731, 8202, 048

2,117

1,9241,8102,280

2, 3571,956

2,691

2, 3559 9QS2, .8742.791

2,6722,358

19621

2,368

2,671

1,9612,2412, 052

2, 7*02,3713, 074

2,741

2,9292, 8432,373

3,1392, 6463, 215

2,516

2,3992,4122,368

2 8612, 312

2,265

2 2282^1902, 406

2,2122, 0252, 2952,217

1,738

1,9771,7951, 713

1,6931, 7381,530

1, 7502, 0651, 557

1 , 2851, 6891, 510

2, 005

1, 9102, 0191, 8942, 141

2, 257

2, 235'1,930i2, 440

2,4402,087

2,789

2,4672,3933, 1542, 881

2,7312,394

1963 l

2,449

2,766

2,0072, 3132,121

2,8532, 4333,185

2,829

3,0132, 9152, 452

3,2982, 7863, 315

2,608

2, 5412,4742,481

2,9482,368

2, 332

2, 3292,3022,518

2,0501,8862,3122^255

1,820

2,0571,8831,792

1,7831,8071,588

1,8642,1111, 655

1, 3901,7761, 607

2,047

1,9532, 0681,9182, 142

2,269

2, 1971,9162, 475

2,4642,119

2, 878

2,4849 5023, 3862,974

2,8392,462

1. Total incudes Alaska and Hawaii 1960-63 but not in earlier years.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.K54 SURVEY OF CURRENT BUSINESS 17

Tables 63-70 of the Personal Incomesupplement present comparable data onthe industrial breakdown of personalincome for selected years since 1929.Each August issue of the SURVEY hascarried these two tables in terms of the

current year. Because of data revi-sions, the industrial breakdowns byState after 1950, shown in tables 63 and70 of both the 1956 Personal Incomesupplement and August issues of theSURVEY from 1957 through 1963, are

not strictly comparable with the cor-respondingly numbered tables in thisissue. Comparable figures have beenprepared for 1957 to serve as an inter-mediate benchmark between 1950 and1963. They are available on request.

Table 3.—Total and Per Capita Disposable Personal Income, by States and Regions, Selected Years 1929-63

United States

New England

MaineNew HampshireVermont

MassachusettsRhode IslandConnecticut— ._

IVIideast

New YorkNew JerseyPennsylvania..

DelawareMarylandDistrict of Columbia

Great Lakes

Michigan.OhioIndiana

IllinoisWisconsin

Plains

MinnesotaIowra -Missouri

North DakotaSouth DakotaNebraskaKansas

Southeast

VirginiaWest VirginiaKentucky

TennesseeNorth CarolinaSouth Carolina

GeorgiaFlorida _Alabama

i\l ississippiLouisiana _ _ __Arkansas

Southwest

Oklahoma - _ _TexasNew MexicoArizona

Rocky Mountain

M out anaIdahoWyoming

Colorado _ _Utah

Far West__

WashingtonOregonNevadaCalifornia

Alaska1 lawaii

Total (millions of dollars)

11)29

83, 020

G, 901

407315220

3, 724577

1, 598

26, 361

13,3813, 5937, 332

2221,230

603

19, 636

3, 6735,0371, 934

7 0501, 942

7,402

1,4941, 3852,221

247281797977

9,785

1,032782

1,000

9631,021

462

998727839

561848552

4,169

1, 0562, 699

167247

1,575

305219148

625278

7, 191

1, 138.627

5 349

1940

75, 924

6,169

432275178

3, 261515

1,508

22, 952

11,1423, 3256, 199

2321, 265

789

17,310

3,5024,4751,854

5 8041, 675

6,336

1,4221, 2361,928

218224564744

10, 094

1 232758893

9701,134

572

1,031937782

464834487

3, 985

8442,708

193240

1, 552

311236148

595262

7, 526

1. 12465895

5, 649

1946

157, 003

10,874

859515333

5,562951

2, 654

41,246

19, 6456,129

11,213

3832,5541,322

34, 245

6,9388,8223,998

11,0393,448

13, 950

2,8982,7374,045

545595

1,3071,823

24, 826

3,0801, 5582, 060

2, 4282, 9711,387

2, 5082, 5171, 994

1,1811,9101, 232

9,588

1, 8316, 688

464605

3,364

601543309

1,268643

18,910

2, 8821, 666

20914. 153

1950

204, 729

13, 769

1,012644416

6, 9961,1703,531

53, 327

24, 9387, 899

14, 991

5653, 3351,599

46, 020

9, 77611,7115,515

14, 4384,580

18, 192

3,7873,4945,233

718742

1,8032,415

31, 722

3,6992,0572,612

3,0563,8321, 749

3, 2553,3292,471

1,5112, 7061,445

13, 388

2, 2939, 459

736900

4,584

884694435

1,744827

23, 727

3, 6312, 205

27617, 615

239 639 622

1953

247, 752

16,306

1, 165756487

8,0961, 3594,443

62, 559

28, 3719, 968

17, 584

6954,3031,638

57, 194

12, 54015, 0237,132

17, 0595, 440

20, 485

4, 4393, 6686,148

694807

1, 8682,861

39,001

4. 6392,3133, 260

3, 6644,4352,331

4, 0524,4963,037

1,7643,3431, 667

16, 532

2,81111, 499

9371,285

5, 433

975790479

2, 1671, 022

30, 242

4, 2772,537

38223, 046

1955

271, 240

17, 789

1,333851512

8,8111,4314,851

67, 981

31, 49510, 92818, 272

8344,7421,710

61,871

13, 87316, 3487,388

18, 4665, 796

22, 108

4,8193,8316,772

802795

1,9893,100

42, 902

5, 0252, 3543,400

3.9705,0792, 403

4,4945, 4713,387

1,9373,5951,787

18, 405

3,00812, 893

1, 0391, 465

5,941

1,041826507

2, 4491,118

34, 243

4, 6312, 750

49526, 307

783 851

1957

306, 510

19,971

1,433943557

9,9281,4965,614

76, 818

35, 42612, 49120, 543

1.0085, 5561,794

68, 647

14, 78118, 3018,155

20, 8846,526

25, 087

5,4304,5957,375

8401,0012,4063,440

48, 184

5, 6222, 7533,705

4,3915,4102, 568

4,8906, 8753,784

1, 9474,3571,882

21, 023

3,30314, 7071,2391,774

6, 945

1. 140958573

2, 9691, 305

39, 835

5. 1012, 955

55031, 109

4859(11

1959

334, 935

21,613

1, 5571,062

616

10, 7931,6205, 965

83, 121

38, 68813, 60421, 673

1,0856, 1911,880

73, 150

15, 38319, 3338,651

22, 5277,256

27,080

5,8804,8238,214

881933

2, 5043,845

53, 663

6,1982, 7454, 059

4,8076, 0522,844

5,4598,3584,142

2,2804,5732,146

23, 400

3,61816, 1431,4992, 140

7,609

1, 1741, 042

035

3, 3121, 446

45, 299

5, 0033,302

0,5835, 736

497| 1, 122

1961

362, 517

23, 479

1, 6471, 151

663

11,8011, 6946,523

88, 747

41, 14614, 84422, 701

1,1506, 9032,003

76, 996

15, 87320, 203

9, 259

23, 9477,714

29, 248

6, 4755,1468, 686

8921,1592, 7384,152

58, 357

6, 7932,7804,460

5,2276, 8323,128

5,8789, 1404,424

2,5164, 8062,373

25, 427

3, 96517, 293

1, 5892, 580

8, 345

1,1871,089

682

3. 7671, 620

50, 078

6, 0673, 519

77439, 718

5521, 288

1963

400, 284

25, 742

1, 7451, 264

' 727

12, 8291,8797,298

96, 896

44, 92016,31024, 268

1,2887, 8862, 224

84, 173

17, 93921, 84010, 222

25, 9518,221

32, 056

7,0405,6599, 541

1, 1741,2572, 9944,391

65, 757

7,7332, 9624, 875

5,7827, 6273, 523

6. 83010. 5364, 917

2, 8955. 4022, 675

27, 663

4, 27218. 7381, 7152, 938

9,315

1, 3791, 194

728

4,1841, 830

56, 649

6,5443,9181, 082

45, 105

0131, 420

Per capita (dollars)

1929

682

849

586675613

881844

1,003

934

1,099901754

941759

1, 248

780

766760600

927662

558

581563613

366407580523

360

4?6455384

370326266

344503317

281407298

1464

445468398574

581

582490664

620547

885

732602856907

1940

575

730

509559490

755716883

757

828796626

862688

1,143

648

659646540

734533

469

510487509

341349429416

333

453397312

330317301

331489275

213352249

407

363421363481

515

557452592

527475

761

640600841813

1946

1,116

1,221

1, 0291, 040

974

1, 2261,2041,389

1,320

1,4621,3601, 135

1,2771,1471,480

1,205

1,1811, 1741,080

1,3521,088

1,058

1, 0591,1091,076

9561,0121,0411,011

782

914852747

789797713

7711,018

686

570752683

912

859929826979

1,082

1, 1691, 0671,221

1, 0601,008

1, 399

1, 2531. 2411.4411,455

1950

1,354

1,477

1,1111, 2131,103

1, 4921,5021,738

1,578

1,6731,6251,425

1,7601,4041,964

1,505

1, 5231, 4641, 395

1,6491,328

1,293

1, 2641,3331, 326

1, 1661,1381,3621, 261

938

1,1341. 025

883

925944825

9431,180

808

6971, 002

758

1,176

1,0461, 2211,0711,190

1,304

1,4781, 1721,490

1, 3041,188

1, 608

1, 5221,4391, 7041, 650

1953

1, 565

1,707

1,2841,3771,288

1,6971,6702,084

1,789

1, 8311,9361. 660

1, 9911, 6831, 976

1,786

1, 8431, 7511, 703

1, 9061, 553

1,427

1, 4491,3911, 506

1,1211,2321,4241,441

1,118

1,3191.1871,118

1, 1021. 0641, 046

1, 1251.369

984

8281, 164

916

1,354

1,3131, 3691.2091, 436

1,470

1. 6041, 3411, 624

1. 4901, 364

1,821

1,7211, 5631, 9491.873

1955

1,651

1,828

1, 4461,5311,380

1, 8271,7352,173

1, 876

1, 9592,0381, 690

2, 1611, 6972, 138

1,846

1, 9141,8121, 694

2, 0011,581

1,490

1,5121, 4271, 604

1,2771,1811, 4621,490

1,204

1, 4091,2341, 166

1,1601,1791, 059

1,2171, 4911, 095

9331, 2241,004

1,449

1, 3761,4751. 2861.521

1,515

1.0741. 3681.610

1.5471,401

1,933

1, 7611. 0272. 0622, 004

561 1,166 1,207 1.569 1,600

1957

1,800

2,013

1, 5201, 6371,477

2, 0381, 7522,443

2, 086

2,1862,2291,877

2, 4001,9332,312

1,977

1, 9611, 9721, 796

2,1851, 716

1, 657

1, 6391, 6761, 732

1, 3351, 4681, 7261,621

1,296

1.4711, 4011, 260

1, 2651,2181,103

1,2761,6201, 192

9131, 3961,048

1,572

1, 4531 , 6131,4241, 594

1.671

1. 7221 , 4991,774

1, 7541,557

2,100

1, 8841, 703

! 2, 1402, 190

2. 1651,677

1959

1,900

2,083

1,6251,7641, 596

2.1231, 8972, 391

2,183

2, 3282, 2831, 929

2,4722, 0292,451

2, 039

1, 9842,0111,874

2,2591, 853

1,772

1,7411, 7571, 916

1, 4051,3741, 7861,778

1,401

1,5781, 4661,347

1, 3551,3441,201

1, 3991,7451,278

1.0551,4261,206

1,679

1,5721,7081, 6151,707

1,789

1, 7601, 5841, 954

1, 9181. 649

2,243

1 . !>K51.8802. 3582. 331

2, 2801.842

1961

1, 981

2,230

1,669, 893

1, 713

2, 3()'l1, 9742, 548

2,267

2, 3932, 3941, 997

2,5112, 1942, 565

2,100

1, 9862, 0401, 972

2,3741, 932

1, 883

1, 8761, 8492,005

1, 3891, 6581,9111, 892

1,474

1, 6511, 5371.457

1, 4501, 4601, 295

1, 4631,7441, 330

1,1341, 4521,315

1,727

1, 6561.7431,6121, 809

1,852

1, 6981. 5872,012

2. 0461, 723

2,334

2, 0571. 9SOo 44-)2. 420

2, 349| 1.997

1963

2, 12.3

2,391

1,7772,0161,864

2, 4592, 1232, 737

2,412

2, 5372, 5212, 124

2, 7062, 3982,787

2,261

2,2102,1472, 178

2, 5492,024

2,046

2,0112,0362,204

1,8521, 7062, 0511,973

1,610

1,7851, 6661.575

1,5651, 6021,419

i 1,650| 1,864

1,469

1,2(541.5801,440

1,798

1,7181, 8151, 685

I 1,885

1,981

i 1,950! 1,675i 2, 160

1 2. 134| 1.862

2, 481

2. 1462, 1402. 940

: 2. 504

! 2,4722. 097

1. Total includes Alaska and Hawaii 1961 and 1903 but not in earlier years.

73S-G500—64-Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

IS SURVEY OF CURRENT BUSINESS

Tables 1-27.—Fes

Line

1

34

4 a

jj

89

1011121314151017I X19

20

23•>4

26OJ

293031

32

333435

36

37

38

Item

Personal income _ - _ _

Wage and salary disbursementsFarmsAlining __ _ _ _ _

Anthracite _ _ _ _Bituminous and other soft coal miningCrude petroleum and natural gasATining and quarrying, except fuel - -

Contract construction. _Manufacturing _ _ _ _ _ _Wholesale and retail trade _Finance, insurance, and real estate

Banking and other finance _ _ .Insurance and real estate

Transportation _ _RailroadsHighway freight and warehousingOther transportation . _ _ _

Communications and public utilitiesTelephone, telegraph, and other communi-

cationsElectric, gas, and other public utilities

ServicesHotels and other lodging, places _ _ .Personal services and private households-Business and repair servicesAmusement and recreation __ _ .Professional, social, and related services

Government- _ _Federal, civilianFederal, military..State and local _

Other industries

Other labor income

Proprietors' income _ _ .FarmNor) farm . _ . ._

Property income..

Transfer payments __ _ . _

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

Table 4.— United States

19G1

415, 182

276,4173, 0703, 740

62783

1, 7441, 151

15,87787, 40949, 99713, 4545, 8627, 592

14 3965,2004,7334,4638, 464

4,6203,844

29, 9001,5726,7025,5322,144

13, 95049, 40513, 7508,187

27, 468645

11, 587

48, 22012, 92735, 293

54, 925

33, 606

9,573

1902 1963

439, 977

294, 6953, 0133, 763

56775

1, 7691, 163

16, 90394, 17452, 85214, 1836, 1258, 058

14 9925,2445, 1044, 6448, 790

4, 8083,982

32, 2531,6496,9096, 1792, 231

15, 28553, 10114, 5158,823

29, 763671

12,299

49, 82213, 22036, 602

58, 772

34, 674

10, 285

461, 610

309, 7212. 9583, 798

58785

1, 7831, 17°

17, 82798, 04255, 72014,9696, 4508, 519

15 3985,2075, 4134,7789, 175

5, 0174,158

34, 3611,7247,0476,6292,322

16, 63956, 78315, 5608,967

32, 256690

13,098

50, 63813, 02837, 610

63, 251

36, 687

11,785

Table 5. New England

1961 | 1902 19(13

27,002 28,526 29,780

18,409 19,516 20,293112 109 ! 10S28 28 | 28

Table 6.— Maine

19')1 1962 19* ',3

Table 7.— NewHampshire

1961

1.842 i 1,918 1,971 1,3141 |

1,206 1,255 1,292 89425 I 26 | 26 i 72| 2 2 1

_ _ _ _ _ _ _ _ _ ! _ _ _l

9~

9047, 2823,116

983362621583153256175539

299240

2,09388

42835889

1,1292, 771

689485

1, 59858

744

2,074148

1,925

3,860

2,460

604

128

9727, 7193, 2851,027

374653600144277178560

312248

2, 26492

442410

941,2262,894

703495

1,69656

787

2,138140

1,998

4,167

2,561

644

128

1,0257,8133, 4031,081

392689612142292179581

323258

2,42595

447453100

1,3303,093

756480

1,85762

822

2,178121

2, 057

4,490

2,734

738

I

614192014118225224181038

16101

102963

532596873

1189

38

20839

168

253

180

43

2 J62

4442064319245123199

39

2317

107102894

572676973

1249

40

21238

173

271

185

45

259

4502144520255224208

41

2318

111102794

622847375

13610

42

20331

172

292

193

51

147

36012933122125

7125

28

1513969

1897

541685340761

33

11810

107

183

114

28

1902

1, 394

954

1

1963

1, 450

989

1

Table 8. — Vermont

19(51

754

461146

1962 1003

794 827 {

489 51112 13 ;

6 : 6 :

;1

385138351322267

136

29

1613

1051018117

591765542781

35

1208

112

196

118

30

151

38414737142427

146

28

1612

1131019138

641925943901

36

1194

115

213

127

34

ft

148

188

11221282

15

97

566

1223

3476174

541

19

1133974

105

73

17

1

628

1638220g

12201092

15

87

63

1333

3779175

571

20

1083077

120

75

18

()30 i

164 !87218

13209

102

16

97

728

13

54181194

58

21

1072582

130

80

21

[Millions of dollars]

Line

23456

89

10111213141516171819

202122232425262728293031

32

333435

36

37

38

Item

Personal income

Wage and salary disbursements _ _FarmsMining _ _

Bituminous and other soft coal miningCrude petroleum and natural gasMining and quarrying, except fuel

Contract construction _ _ _ _ _ _ _ _ManufacturingWholesale and retail trade _ _ _Finance, insurance, and real estate

Banking and other financeInsurance a n d real estate _ _ _ _ _

Transportation _ _ _ _ _RailroadsHighway freight and warehousingOther transportation

Communications and public utilitiesTelephone, telegraph, and other communi-

cations.Electric, gas, and other public utilities

ServicesHotels and other lodging places _ _Personal services and private households.. _Business and repair servicesAmusement and recreationProfessional, social, and related servicesGovernmentFederal, civilianFederal, military - _ _ _ _State and local

Other industries _ _ _ _ _

Other labor income _ _ _ _

Proprietors' incomeFarmNonfarm

Property income - -

Transfer payments

Less: Personal contributions for social insur-ance

Table 16.— Delaware

1961

1,384

8729

(3)

(3)(»)

6638611431171542151116198

11823

26125

361202133661

49

1022676

312

71

23

1962

1,466

9189

(3)

rs)(3)

6641012132171640151312199

10893

27146

401302235731

52

10629

341

74

24

1963

1,570

9938

(3)

(3)(3)

7444513234181641151412219

12943

28156

421422338811

58

1032281

369

76

29

Table 17.— Maryland

1961

7,942

5,68028131

(3)12

3501, 366

959253

941582931168196

16688

78629

2516910136

2981,606

840252514

18

204

64576

568

1, 036

593

217

1962

8, 555

6, 13329141

(3)13

3951,4481,017

26997

17231311389

11117794

83719

2617613838

3401,734

912267556

17

217

688

616

1, 113

643

239

1963

9, 163

6,61228151

14418

1, 5011,084

29010418731411393

108189102

88809

2818016240

3981, 9461,049

291606

235

70059

642

1, 203

693

279

Table 18.— District ofColumbia

1961

2,356

1,526

401825018325024

7203622

13250136729

6135860691

7792

4

38

194

194

395

302

99

1962

2,537

1,646

6043

1965519365324

214026

14278

1469326

1579177408294

4

42

201

201

423

327

101

1963

2,645

1,695

6345

2055920385425

7214429

15268

1570346

14395476089

1054

44

207

207

456

356

114

Table 19.— Great Lakes

1961

88, 009

59, 99733641613497

1853,114

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

5661,715

849

8665,421

2421,081

942300

2,8567, 8591,649

6675,544

81

2,906

9,0762,3076, 768

11,195

6,751

1,916

1962

92, 706

63, 84833342213799

1863,130

27, 50410, 8172, 5621,0881,4743,1321, 2361, 305

5911,764

873

8915, 778

2491,0961,016

3073, 1098,3181,743

7035,871

89

3, 078

9,2382,2516, 986

11,820

6,774

2,052

1963

97, 073

67, 08533542413899

1873,301

28, 88811,3402, 6721, 1351,5373,2301,2341,381

6161,822

899

9236, 153

2561,1211, 086

3213, 3688,8311, 836

6616, 334

89

3, 263

9, 3752,2107, 166

12, 678

7,020

2,349

Table 20.— Michigan

1961

18, 114

12,4327186

(3)1274

5385,7731,948

406186220428129220

79374177

1971.069

3721917260

5811,727

255134

1. 33811

666

1,670300

1,370

2,296

1,416

367

1962

19, 264

13, 4906883

(3)1073

5406, 4842,051

41819022845313323881

381179

2021,156

3822519160

6421,846

281147

1,41711

732

1 1,674266

1,408

2, 403

1,362

397

1963

20, 624

14,5847083

1073

6177,0372, 196

43920323647113425384

397187

2101,249

3823221364

7022,013

292144

1, 57711

795

1,745275

1 1, 470

| 2, 513

1,394

467Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Aim-list 11H14 SURVEY OF CURRENT BUSINESS 19

by Major Sources, 1961-63[Millions of dollars]

Table 9.

1%1

13, 579

9, 2903112

111

4153,4311,064

511204308307

70133104274155

1181,186

43217247

44635

1,43039020983030

376

93831

907

1,868

1,416

308

— Massa

1902

chusetts

1903

14, 269

9, 756

14, 889

10,11.')30 3012 12

Table 10.— Rhode Island

1961 1902 1903

Table 11.— Connecticut

1901

1, 941

1,35631

| |

1 111

4403,5911,747

535213323319

07145107285163

1221, 283

4422328446

6871,485

394210881

29

398

97034

936

1,964

1,508

326

12472

3, 5051, 845

50122234032460

152105290169

1281,373

45224314

47742

1,60242419598333

412

99830

968

2,112

1,626

373

107

50(522103234040

720134019

20126

431157

69286

7592

1193

55

1313

128

260

192

52

2,082

1, 44431

172

53623405234243

723134120

21135

432168

7531277

102133

3

57

1333

130

306

196

55

2, 153

1,4813

7, 572

5, 26232

1 fi

177

530240

092444447

24134220

22144

433168

823168199

1363

60

1363

133

330

208

62

0288

2,41882031097

220137310441

14579

66528

171227825

2855538666

40114

224

56626

541

1,191

485

156

1902

8, 069

5,61831

0

0319

2, 001878330

99231141300942

15283

6857118

1298826

3105769063

42313

236

59526

569

1,309

479

169

1903

8, 490

5, 907296

0337

2,714925348103244145297244

15786

72612

181319628

33961810064

45414

252

61528

586

1,412

502

197

Table 12.— Mideast

1901 1902 1903

i103, 329

70,617279309

0215320

1283, 028

23, 50112,9114, 1931,9142, 2793,7151,0771, 0711,5062, 2641,294

9698,551

4261,8331, 920

5753,797

11, 0893,7421, 0406,306

118

3, 043

8,757722

8,035

15, 039

8,262

2,389

108, 889

74, 5492(55372

5(515130

1303, 969

24, 73813, 4034, 3431, 9492, 3953, 8531, 0731,1441,0302, 3381,334

1, 0039,174

4411,8722,116

6034,142

11,9143, 9581,0976,859

120

3,154

8,845576

8,269

16, 354

8,522

2,533

113,617

77, 44825137958

14931

1414, 075

25, 20914,0814,5172, 0082, 5093, 9281,0521,2181,0582, 4351,392

1, 0449,715

4591,8982 224"'6304,498

12, 6774, 2091, 0847,384

121

3,338

9,077625

8,453

17, 646

8,997

2,887

Table 13.— New York

1961 1 902

48, 633

32, 82712163

18

541,0499, 5080, 7702, 5841,2011, 3231, 009

350401919

1, 104727

3774. 520

259895

1,134378

1,8554, 7241,049

2893,386

53

1,302

4,220286

3,935

7,661

3,711

1,088

51,243

34, 54311167

11056

1,8449, 9507, 0782, 6701,2801, 3901,704

349417938

1, 140748

3924,808

267918

1,218397

2,0075,1171,077

3113,729

55

1,348

4,267228

4,039

8,397

3,826

1,139

1903

53,361

35, 70510209

]1157

1, 85310, 0817, 3082, 7011, 3081,4531 , 722

342442939

1, 185783

4025, 080

'281931

1,208422

2,1775,4291,157

2913,981

55

1,437

4,384271

4,113

9,084

4,050

1,297

Table 14. — New Jersey

1901

17, 060

12, 0904520

20088

4, 8002, 004

539201338000127209204301186

1751,340

48303390

71527

1,55537623794218

562

1,47386

1,388

2,125

1,181

371

1 902 1 903

Table 15. — Pennsylvania

1901

18, 073

12,8364024

124

7405,1892,108

500200354708120293288370190

1801,442

51298441

75578

1,63039324499318

591

1,53073

1,457

2,281

1,239

403

18,861

13, 3774720

(3)

20704

5, 3012, 237

590217373735123313299386198

1881, 525

52305449

77641

1,748410232

1,10618

618

1,55163

1,488

2,456

1,320

461

25, 954

17, 62170

27202

1501842

8247, 2802,881

730323413999440302251577263

3141,729

78372254

79946

2,223764152

1,30625

888

2,123249

1,874

3,510

2,404

591

1902 1903

27,015

18, 47370

2(5656

1481943

8047, 6982, 943

756329427

1, 036446325266591268

3241,838

8038427381

1,0202,386

814158

1,41425

904

2,052174

1,879

3,799

2,412

626

28, 017

19, 066(55

2(5858

1944

9037, 8903, 054

783341441

1,0(52435349279010271

3381,940

7938429683

1, 0972,458

810143

1,50526

946

2,132210

1,923

4,079

2,501

707

Line

1

234

4 a,

( i7s9

101 11213141510171819

202122232425262728293031

32

333435

36

37

38

[Millions of dollars]

Table 21.— Ohio

1961

23,086

15, 90859108502533756

7, 0382, 053586252335839340326173433218

2151, 365

5429722087707

2,044543152

1, 34926

815

2,093380

1,712

2, 973

1, 832

534

1962

24, 215

16,82561115512935780

7, 5572,7846162673498(56342350174440225

2211, 440

5530223388761

2,132569161

1,40228

857

2,122349

1,773

3, 186

1,796

570

1963

25, 164

17, 49061119533036822

7,8832,852639275364887337372179460233

2281,528

5630725090825

2,214577152

1,48526

903

2,159350

1,809

3,411

1,843

642

Table 22.— Indiana

1961

10,460

7,104465223822352

3,2651,1412701171533631681405020292

1094992411663252729011876664813

378

1,270472798

1,159

767

218

1962

11,041

7,631445322822346

3,6141,2132811211603711081584520094

1125362512072262949521977268315

394

1,290463827

1,199

763

235

1963

11,648

8,082475321824385

3,7921,2882941301643781641694521496

118573261237828318

1,0412146476318

416

1, 347490857

1,287

787

272

Table 23.— Illinois

1961

27,478

18,81898150625237

1,1326, 7473,620984399585

1,126500411215540284

2561,995103356420104

1,0122,403551269

1,58325

795

2,850711

2,139

3, 571

2,057

614

1962

28,895

19,811100152645137

1,1287,1993,7631,025419606

1,185507442236555291

2642,121107355451107

1, 1002,554578275

1, 70027

827

2,942747

2, 196

3,802

2,166

653

1963

30,020

20, 56197153645138

1,1237,4303,9551,004432632

1,230511466254509298

2722,235110362472112

1, 1782, 679626257

1, 79626

869

2,972744

2, 228

4, 086

2,274

743

Table 24.— Wisconsin

1961

8,871

5,7356220

20336

2, 44590321289123246891084916778

8949224946624284784113466267

252

1,193444749

1, 196

680

184

1962

9,291

6,0926019

19336

2, 6511, 00522291132257861165417584

9252524957025

311834118486687

268

1,209427783

1,230

688

197

1963

9,617

6,3676116

16354

2, 7461,05023095141264881215418285

9656826977427344884127447137

280

1,152351801

1,321

722

225

Table 25.— Plains

1961

33, 168

19, 7253262541082162

1,3145,1554,072974438535

1,387728412247670347

3282, 038

9639026999

1,1853,493813504

2,17636

749

6,3532,9023,390

4,418

2,654

730

1962

35,262

20, 9143442531179163

1,3935,5234,2741,036471564

1,430730443256700359

3412,188

99401298102

1,2873,734851542

2, 34239

815

6,9363,4403,496

4,641

2,737

782

1963

36, 534

21, 8523232481178159

1,4355, 7804,4861,087495591

1,444725458261725368

3572,306106407319105

1,3703,971929537

2,50540

864

6,8743,3313, 544

4,975

2,859

890

Table 26.— Minnesota

1961

7,432

4,6365993

(3)

93310

1,250961237108129311164757214271

72513257666223247491394356710

178

1,214525689

957

605

157

1962

7,712

4,9266494

(3)

94320

1,3001,004252116130324164818014873

75552267873223537911464759910

194

1,142435706

999

618

167

1963

8,152

5,1265987

(3)

87331

1,4131,048262120142323159848015375

78582287978223768561634365011

207

1,287574713

1,071

648

187

Table 27.— Iowa

1961

5,810

3,10474141

(3)

13184919644150668416997571611254

58311136234151875181042439110

116

1,434779654

818

454

114

1962

6,075

3,26284162

(3)

15178962672156688917296601511354

59335136540162025641102642810

123

1,479810668

864

468

121

1963

6,399

3,43181162

(3)

14197

1,0297031(50729417797041511554

00351136645162125871202344411

130

1,563879684

926

485

136

Line

1

23450

8910111213141516171819

202122232425262728293031

32

233435

36

37

38Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

20 SURVEY OF CURRENT BUSINESS

[Millions of dollars]

August 1(.H)4

Tables 28-51.—Personal Income

Line

1

234

6789

10111213141516171819

202122232425262728293031

32

333435

36

37

38

Item

Personal income.. _ _

Wage and salary disbursementsFarms. _Mining

Bituminous and other soft coal miningCrude petroleum and natural gasMining and quarrying, except fuel

Contract constructionManufacturing _ _Wholesale and retail trade . _ .Finance, insurance, and real estate

Banking and other financeInsurance and real estate

TransportationRailroadsHighway freight and warehousingOther transportation

Communications and public utilitiesTelephone, telegraph, and other communica-

tionsElectric, gas, and other public utilitiesServices

Hotels and other lodging placesPersonal services and private households. _Business and repair servicesAmusement and recreationProfessional, social, and related services

GovernmentFederal, civilian. _ __ . __ _ __ __Federal, militaryState and local _ _ _

Other industries

Other labor income

Proprietors' incomeFarmNonfarm _ _ _ _ _ _

Property income

Transfer payments

Less: Personal contributions for social insur-ance

Table 28.— Missouri

1961

9,865

6,313513651

29361

1,9411, 326

326142184478193171114223

11510864933

13810535

338914274143497

8

252

1,422513909

1,280

824

227

1962

10, 385

6,683553561

28387

2,0881,370

351158192488193179115233

12011368734

14011436

364982289148545

9

274

1,465529936

1,355

852

243

1963

10, 900

7,083523751

31443

2.2201,452

368116202498192186120243

12411972835

14312537

3881,034

318138578

9

292

1. 463495968

1,456

889

283

Table 29.-NorthDakota

1961

995

57927102

15226

142261314453493

24

141170

41042

49156323391

19

20281

121

128

90

22

1962

1, 400

638319261

6927

1562814154634103

25

1411734

1042

521723641

"?21

542416126

130

92

23

1963

1,300

67527

9261

6736

1623115164734103

27

1512774

1152

551923948

1051

22

395267128

140

95

26

Table 30.— SouthDakota

1961

1,275

6452212

(3)128768

1442615123112153

25

1312653

1244

421645023911

20

382217166

162

99

33

1962

I1,460

7032313

(3)139470

159281612371222

426

1312754

1274

491765226981

23

500327174

167

104

37

1963

1, 390

6972214

(3)146871

1613017133312174

27

1413764

1244

531955532

1081

25

421263158

179

109

41

Table 31. -Nebraska

1961 1982

3,096

1,7615212

51393203731064265

14284391956

4017

1829

33269

105375

8976

2113

56

696352344

436

219

72

3, 319

1,8534611

1413383981144469

14685412059

4218

1981035299

1153989185

2223

61

800444356

452

231

77

1963

3,376

1,9104410

55

1413384181174671

14685412062

4319

2051136289

1214269793

2364

63

766408358

483

241

87

Table 32.— Kansas

1961

4,695

2,68741762

678

1826304811025448

210145462094

4251

2499

582913

141618126163329

4

109

1,004496508

638

362

105

1962 1963

4,911

2, 85041752

667

1976795151075652

216146511996

4353

26810613114

153651128168355

4

119

1,008479530

674

373

114

5,017

2,93040742

66

1876815431136054

221146561999

4356

28611613514

166681137160384

4

125

980445535

720

392

129

[Millions of dollars]

Line

123456789

10111213141516171819

202122232425262728293031

32

333435

36

37

38

Item

Personal income. _ _Wage and salary disbursements

Farms. _ _ __ _. _ _Mining

Bituminous and other >oft coal minineCrude petroleum and natural gasMining and quarrying, except fuel

Contract construction. _ _ _ManufacturingWholesale and retail tradeFinance, insurance, and real estate

Banking and other financeInsurance and real estate

TransportationRailroadsHighway freight and warehousingOther transportation

Communications and public utilitiesTelephone, telegraph, and other communi-

cationsElectric, gas, and other public utilitiesServices

Hotels and other lodging placesPersonal services and private households-Business and repair servicesAmusement and recreation __ _Professional, social, and related services

GovernmentFederal, civilianFederal militaryState and local

Other industries __

Other labor income -

Proprietors' income - -FarmNonfarm

Property income

Transfer payments _

Less: Personal contributions for social insur-ance

Table 40.— Georgia

1961

6,599i. 507

6023

(?)22

2041, 256

85623498

1362601038671

136

8056

41519

1606221

1541,034

315295424

30

150

868975593

687

537

151

1962

7,1454,956

5724

(3)23

2361,401

9282551091462781069675

142

8458

45320

1677022

1741,153

34134346830

165

889253636

744

556

166

1963

7,7155,348

6024

(3)9

2581, 5251,004

27611815828810210482

155

9263

46821

1727423

1781,260

37439748931

183

979313666

806

591

192

Table 4L— Florida

1961

10,3196,197

11838

36497961

1,3754031532503288570

174180

11763

86810326511960

3211,393

30135673637

192

1,419413

1,006

1,751

967

206

1962

11,2216,767

12240

337

5351,0541,555

4361602753328777

169195

13066

976108276153

67371

1,48332036779739

210

1,474397

1,077

1,950

1,047

226

1963

11, 9337,199

12142

438

5701,1091, 631

462172289342

7782

184208

13771

1, 038112283149

70424

1,63534641387639

227

1,506404

1, 102

2,117

1, 142

258

Table 42.— Alabama

1961

4,9473,324

3458362

201649855241435290

146614738

102

4854

32411

1156511

122810388119334

5

144

662! 225

437

482

465

130

1962

5,1643,510

3351312

17163

1,0845541505594

151635038

104

5054

33511

1185911

136879401125353

5

150

65821?446

498

492

143

1963

5,5383,745

3246292

14181

1,14858816160

101161645641

109

5257

36612

1197311

152946425125396

6

160

738272466

538

519

162

Table 43.— Mississippi

1961

2, 7511,599

5229

253

894032636632346430221256

2630

1609

68166

6240991

111207

8

62

618328290

258

281

68

1962

2,9061,743

5129

264

93460285

7033377031

1553

2831

173107018

670

44595

125225

8

68

594288305

284

288

73

1963

3, 1831, 858

523,

284

107500303

7635407431261761

3032

1851170216

77462105118239

9

76

723404319

304

306

85

Table 44.— Louisiana

1961

5,3963,517

48260

24120

2386626501567086

2456649

130134

5777

40119

1245819

181712128114471

12

164

674195479

636

519

114

1962

5, 6923,739

45270

25020

2487076891627389

2506652

132137

5878

42920

1286420

19879114216348513

172

! 6901 193

497

| 680

533

1963

6,0723,982

49278

25820

269780734 i1737895

259 •;6457

138142

6281

45820

1277421

216825154159512

15

186

755240514

730

560

141

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

August 1964

by Major Sources, 1961-63

SURVEY OF CURRENT BUSINESS

[Millions of dollars]

21

Table 33.— Southeast

1961

65, 452

42, 682680949453317179

2,45211, 3987,4671, 921780

1,1412, 264894704667

1, 260673

5874,341262

1,431628215

1, 8069, 8092, 9202, 3924, 497141

1,860

9,1613, 4705, 691

7,579

5,870

1, 501

1962

69, 922

46, 171670958446328183

2,67612, 5278,0782,062834

1,2282,361919773669

1, 320714

6054,729276

1,486722233

2,01210, 6453, 1262,6484,871147

1,797

9,3583, 3536, 005

8,163

6,070

1,639

1963

74,360

49,250700982460338184

2,91713, 3488,5952, 216900

1,3162, 468917837714

1,379747

6325, 097291

1,515825242

2, 22411, 3953,3712,7825,242152

1,938

9,8163,5816,235

8,806

6,438

1,889

Table 34.— Virginia

1961

7,760

5,652636551113334

1,190893226841423111268310214686

60539301629923225

1, 86787550848418

184

777206572

864

521

238

1962

8,399

6,140596652

(3)

14374

1,31796125096154315131899415592

635983117111526255

2, 02796353952618

207

830215615

931

552

262

1963

8,907

6,620617054116428

1,3761, 0282751031723311349610116499

656743417814126297

2,1951, 03658757218

224

774121653

1,004

589

304

Table 35.— West Virginia

1961

3,125

2,08012269249173946663006026341439430199932

6715393817117928461152082

154

27342231

337

351

69

1962

3, 224

2,150102702461959470330661263514795341910133

68163103819118529359152202

155

27435239

356

363

74

1963

3, 348

2,2429

280257176997363216427361519536209728

69170103820128931465132362

163

27129242

378

378

84

Table 36.— Kentucky

1961

5,007

3,079421351071710177889500105495518010248309543

52286127631181496661631973075

145

780372408

533

590

120

1962

5,283

3,348431361081612216970530111525919110754309944

54306137933191637411742153525

156

816382434

562

532

132

1963

5,545

3,547491401101614232

1,0385671195664201112582110347

56330138236201797611792133695

169

846398448

603

533

153

Table 37.— Tennessee

1961

5, 844

3,86441279

(3)19206

1,312707180701102028286338266

16392151236316175711220943974

156

796285511

643

515

130

1962

6,184

4,15738289

(3)

19218

1, 435753192741182138594348468

174221612572161927692331014354

168

790262528

681

528

140

1963

6,588

4,45444298

(3)21236

1,5348042057912622589101348870

18447181288117203837255994834

180

831282548

732

554

163

Table 38.— NorthCarolina

1962

7,617

4,9909217

17239

1,80881419686110224661263212165

56451181735117192

1,01716131054611

168

1,262604658

773

573

149

1962

8,177

5,4249017

17254

1,98288121092119244681403613072

57488191815919210

1,11616935159612

190

1,3C8615693

817

600

163

1963

8,601

5,75310414

14279

2,088934227100127260691524013172

59538211858320229

1,16418535562412

204

1,304581722

885

644

188

Table 39.— SouthCarolina

1961

3,472

2,398445

51198963281003565652426155430

24214882337845711342182184

79

454176278

347

264

70

1962

3,745

2,618415

51349973571063868702429165732

25234984418926131442232464

88

469174295

371

276

76

1963

3,944

2,758385

5138

1,0533761124171742532166034

262561085508

1046421532332564

93

483180303

400

298

88

Line

1

2345678910111213141516171819

202122232425262728293031

32

333435

36

37

38

[Millions of dollars]

Table 45.— Arkansas

1961

2,6151,474

76241131091371256552530975630105423

311389461476130684561666

62

578350228

269

289

57

1962

2 7821,619

792311211110418279602733995634105824

3415294918868£"G85811707

67

567327241

289

301

62

1963

2,9861,744

8123112111194623046530361025538106125

3516510482287635494701907

73

606354252

311

324

72

Table 46.— Southwest

1961

28,78618,400

4301,182

4976202

1,2393,2753,538842368474

1,075343323409659303

3561,96610753931294914

4, 1481,1521,0251,971

46

761

4,5721,6112,961

3,641

2,049

639

1962

30,18119,533

4181,195

4988202

1,3013,5233,746900391508

1,130346339444679315

3642,149113558362102

1,0134,4431,2331,1052,105

50

814

4,4921,4653,026

3,859

2,176

692

1963

31,50220,488

3821,192

4991196

1,3273,7133,968962420543

1,146344356447713334

3792,287120571374105

1,1164,7471,3441,1402,263

51

870

4,4471,3623,085

4,145

2,338

787

Table 47.— Oklahoma

1961

4,5022,701

412623

2518

16240550411858601554052649847

51266126543131326802431363018

114

790289502

581

425

109

1962

4,6752,883

372643

2529

178440539127616616340556810349

54291126746141527322591513238

120

750230521

595

445

117

1963

4,858

Table 48.— Texas

1961

19,5693,012 | 12I561

342652

2549

186462565133666816540586810650

57311136947131687752791553418

127

742213530

637

475

135

302708

67137762

2,5062,488592249342801244229328434201

2331,288

6339519664571

2,647664721

1,26232

544

3,0521,0591,993

2,542

1,288

417

1962

20,43713,262

302718

68335788

2,6732,621631266366842246239357444209

2361,397

6640822367632

2,811711773

1,32736

577

2,983956

2,027

2,693

1,376

453

1963

21,35113,934

270720

68436833

2,8142,778674285389854244251359468223

2451,489

7141623868695

2, 999774792

1,43337

619

2,940863

2,077

2,892

1,478

512

Table 49.— New Mexico

1961

1,7951,222

2610515450958519045202655291885120

301781025236

115388129881703

41

274108166

174

127

43

1962

1,8881,290

2510415449959619848212657301985221

302001125346

123413134951833

46

275105169

192

131

46

1963

1,9531,334

24962524210194208532330583019105423

321991126256

130444149981973

47

278110168

207

139

51

Table 50.— Arizona

1961

2,9201,917

60107

107219278355864146643024107534

412342254511296434117792383

62

456155301

344

210

69

1962

3,1812,098

54110

110240314387944351683028117936

4426124575915106489128862733

71

483174309

379

226

76

1963

3,3402,208

54109

(1)1092073444171024656693028118539

4628824606417122529142952923

77

487177310

409

247

88

Table 51.— RockyMountains

1961

9,5396,2001562822594163524

1,0831,19925212912442523012669215115

100626501108036350

1,4355042197132

229

1,404453950

1,224

734

250

1962

10,3366,6191542692291156556

1, 1561,26927213413743623513368224119

105682541138837390

1,5995322717963

248

1,606632974

1,366

763

266

1963

10,6676,9181532742088165533

1, 2061,32728814314544323513869235124

111711561149137412

1,7465892858723

262

1,515542972

1,472

804

304

Line

12345678910111213141516171819

202122232425262728293031

32

333435

36

37

38

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

22 SURVEY OF CURRENT BUSINESS August 1 J M 5 4

Tables 52-62A.—Personal Income by Major Sources 1961-63[Millions of dollars]

Item

Personal income

Wage and salary disbursements _Farms _M in ing

Bituminous and other soft coal mining("rude petroleum arid natural gasMining and quarrying, exceot fuel

Contract construction __ _ _ „ .Manufactur ingWholesale and retail tradeFinance, insurance, and real estate

Banking and other financeInsurance and real estate

TransnortationRailroads __ _ _ _Highway freight and warehousingOther transportation. _ .

Communications and public utilitiesTelephone, telegraph, and other communi-

eat ions . - -Kleetric, gas, and other public utilities.

Services - - - - - -Hotels and other lodging placesPersonal services und private households. -Business and repair servicesAmusement and recreation _ . - -Professional, social, and related services

GovernmentFederal, civilianFederal, mil i taryState and local - _

Other industries

Oilier labor income

Proprietors' income - -FarmNonfarm

Property income _ . ._

Transfer payments _ . _ .

Less: Personal contributions for social insur-ance

Table

1961

1, 345

818293819

99(53

106161301613

55148

31

1714

81210

440

2080035

114(3)

34

21687

129

188

122

52. — Montana

1962

1 558

8733038

1102884

11616430

1378

148

i 32

! 17! 15! SO

912

: 12

> 344

': 219; (10! 39t 120

! (3>

| 37

! 3761 242

134

184

122

!1 34

1963

1,553

9173042

(3)9

3280

199

1713118147855158

33

1716859

12133

482446746

131(3)

38

! 314181

! 133

196

126

! 38

Table 53.— Idaho Table 51.— Wyoir

1961

1,242

768

20

iShi2614125133144

28

141473

1364

4616446

! 25941

29

237I 104| 133

! 133

108

! 31

1962 | 1963 1961 1962 1

1,351 1,366 773 810

824 ! 831 490 50241 i 44 ; 17 1719 ! 20 l 55 54

i 2 2(«) j 3S 37

19 j 19 ! 15 1682 ! 54 57 50

158 i 166 1 38 41158 ! 163 | 81 84

28 ! 30 ! 16 1615 ; 16 i 8 9 \13 | 14 ! 8 853 ' 54 • 55 55 i34 ; 34 38 40 !

15 1 16 ! 11 104 i 5 . 6 5 !

28 | 29 1 19 20

14 1 14 j 8 9 !14 i 15 ; 10 ! 11 !

79 ; 83 ! 44 \ 47 I5 5 '. 8 ! 8

13 12 7 ; 7 !5 6 4 '; 4 !4 4 2 2 i

52 i 56 : 23 ! 26 :176 I 18<» ; 108 i 116 ;

44 ; 50 '• 28 ;. 3028 i 30 1 15 I 17

104 • 109 65 ' 69 •! i ; i i ;

[ 31 i 32 i 21 1 24 ;

268 ! 262 ' 124 , 128 i126 i 128 j 55 1 62 I

j 142 133 ; 69 | 66 j

152 164 i 107 124 j

109 114 i 53 ! 56I i 1 ! !

32 ; 37 ! 22 ! 23 i

ling Table 55. — Colorado

963 1961 1962

834 4,340 4,618

520 2, 824 2, 99717 54 5259 85 76

1 8 836 35 3421 41 3453 248 22640 515 1 53882 567 60017 129 1449 64 688 65 ! 76

56 160 ! 16540 59 i 60

9 1 60 1 656 40 i 40

21 98 103

9 54 5712 43 4643 ': 335 i 360

9 i 24 ! 2(57 : 00 1 624 I 43 i 482 : 19 1 20

22 i 189 l: 211132 | 633 ! 720

38 ! 206 I 22219 i 123 i 1(5375 ! 304 1 342

i 1 i 1

24 93 101

126 i 636 | 61561 i 175 1 15465 ! 461 462

134 566 I 672

57 ! 326 345

26 105 112

1963

4,831

3, 15647768

3435

236560628154

81167606838

109

614S

i 3S?

i 62i 48i 20! 226i 7941 2431 165i 386| 1

i 108

i 603i 134

469i• 7^7

1 366j

129

Table 56.— Utah

1961

1, 839

1, 300148414125891

9~4

240; 59

262682

1 45i 27i 10i 39

2118: 102

i 19i is1 51J 321I 164! 22

136( 3 )

; 52

1 191i 32

159

230

| 126

59

1962

1,999

1,4251482111160

114302262

54

9~

8546291041

2219

110

20198

5636117624

161! (3.)

56

! 21848

170

234

131

64

1963

2, 083

1,494

119

581113182835628298846311242

i 2320

; 117

20! 20

861

! 387j 191

1 171; (3)

; 60

! 210! 38

172

252

141

74

Table 57.— Far West

1901 1 1902 j 1903

57,748 61,907 65,706

38,680 i 41,823 i 44,570681 ; 652 ! 040950 ! '>54 i .),;•>

1 1 1 ! 1146 147 i 15110° 105 ! 110

2, 503 2, 777 ! 3 07810,366 11,344 I 11,873

7,140 7,681 ! 8.2081. 778 1,921 i 2 081

803 853 1 925975 1,068 : 1, 156

1,872 1,973 i 2.046550 559 i 557616 674 717706 ! 740 772

1,078 j 1. 146 ; 1.223

69S 742 7x93^0 : 405 ' 433

4. 720 ' 5, 134 ! 5, 5012*0 ; 302 ! 31 S808 i 1)14 i 945996 ! 1.130 i 1.223720 : 744 ! 700

1,848 : 2,039 ; 2, 2498, 079 S, 7*1 ! 9, 4902,02s 2, 107 ; 2.2461, 554 1,051 1, 0084, 495 5, 024 5. 5S2

153 159 ; 1(52

| 1,439 1,547 1,680

6,645 7,026 7,163; 1.240 1,349 1,242

5, 405 5, 677 5. 920

7,750 ; 8,172 ! 8,793

4,729 4,965 5,386

1,495 1,626 1,885

[Millions of dollars]

Item

Personal income

Wage and salary disbursementsFarmsM in ing

Bituminous and other soft coal miningOrude petroleum and natural s'asMining and quarrying, except fuel

Contract construction _ _ _ _ _ManufacturingWholesale and retail tradeFinance, insurance, and real estate. .

Ban kin0" and other financeInsurance and real estate

TransDortation .Railroad^Highway freight and warehousing.. __ _Other transportation

Communications and public utilitiesTelephone, telegraph, and other communi-

cations.Electric, gas, and other public utilities ..

ServicesHotels and other lodging placesPersonal services and private households. ...Business and repair services\-inusement and recreationProfessional, social, and related services

GovernmentFederal civilianFederal military ..State and local

Other industries -

Other labor income

Proprietor's incomeFarm - - - -I\ronfarm

Property income

Transfer payments

Less: Personal contributions for social insur-ance.

Table 58.—Washington

1961

6,946

4, 689741211

11312

1 32786419482

112271

9271

10811081

30403

25746623

2161, 100

32024753499

166

811188023

857

588

166

1962

7,426

5,070 1701311

11309

1,479935212"871252849379

11311880

32449

29797333

2301,179

307273

i 59922

183

868i 213

055

890

593

177

Table 59.—Oregon

19(53 1901

7,575

5, 1607413

111

3071,486

96322392

1302949381

12011985

34451

20770925

2551,203

321245037

26

195

836180050

| 957

626

199

4,083

2, 584556

6

11055056

1677658349151

4024716493713

•33248812533

3296

101

615113502

535

356

107

1962

4, 324

2,75859 !

( 3 ) _

160783561112

52 ;

601767864349854

45266

18504114

14452313034

3606

108

647118529

566

360

115

1903

4, 568

2, 948588

( ; ; )

19782660!)1205665

184780937

10054

46283

19514514

15456514435

3866

114

656106551

609

375

134

Table GO.—Nevada

1961

911

655^s

'>()

(?)207031

108199

103718109

2013

2065817238820

135373404

(3)

22

978

89

108

50

21

1 962

1,104

8069

20

(3)20

11134

132241113401911

M15

8265

641953

10326

147413571

(3)

23

12410

114

124

51

24

19(53

1, 246

9209

21

(3)20

14639

150341419431812122918

10281

682143

11731

170463787

(3)

27

13710

127

136

57

30

Table 61.—California

1961

45, 808

30, 752544

14666

2, 0288, 2675,6431,460

662798

1,398364478556850554

3023,864

181729870603

1,4816, 3561,5471,2413. 568

124

1, 150

5, 122931

4,191

6,250

3, 735

1,201

1962

49, 053

33,190514215

14668

2, 1909.0486, 0531, 573

704869

1, 473370520583906587

3194,154

191767969594

1, 6330, 9331, 6301, 3093, 994

131

1,232

5, 3881,0094,379

6, 592

3, 961

1, 309

1 963

52, 317

35,512499220

15070

2, 4289, 5216, 4951, 704

763942

1, 526368555603975632

3444,486

205796

1. 066609

1. 8097,5581,7351, 3514, 472

! 130

1, 343

5, 533941

! 4, 592

7,091

4,329

1,522

Table 62.—Hawaii

1961

1,521

1, 132701

1962

1, 587

1,18468

( 3 )

\i (=0

104 i 94113 i 115172 I 182

42 ' 4820 ' 2422 ; 2444 47

8362915

14112

1619189

50442148180114

3

42

13211

121

179

70

33

8393115

16122

1722209

54475152192131

3

43

13211

121

185

78

35

1963

1,667

1,24266

(3)

(3)98

12019251262549

8403316

171292024208

57502160203139

2

43

14011

129

198

83

39

Table r,2A.—Alaska

1 j1961 j 1962 1 1963

628 661 704

515 1 539 578(3) 1 (3) , ( 3 >

10 j 10 109 ! 2 • §>

4 ! 5 ; 63 ! 3 i 2

34 1 35 i 3828 ! 25 i 2656 : 57 ! 6210 12 ! 14

5 , 6 ! 7

29 '• 30 i 311 • i ; i7 7 8

92 1 ->9 • 9931 i 29 2827 ! 25 ! 24

3 ; 4 ! 532 : 36 i 37

4 ^ 4 i 44 4 1 49 i 12 ! 121 ! 1 1 1

14 i 14 i 15279 ! 299 \ 325105 j 110 j 120120 i 121 i 127

54 '. 68 i 7K0 6 i 0

15 16 i 18

47 51 522 2 i 2

45 : 49 ' 50

39 i 44 ; 47

28 28 28

16 17 18

1. Data for 1929-53 are published in "Personal Income by States Since 1929," A Supplement to the Surrey of Current Business; for 1954-56 in August 1959 Survey; for 1957 in August 1960Survey; for 1958 in August 1961 Survey; for 1959 in August 1962 Survey; and for I960 in August 1962 Surrey.

2. Totals include Alaska and Hawaii from 1960 forward.3. Less than $500,000.NOTE.—Detail will not add due to rounding.

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

August 11 KM SURVEY OF CUEEENT BUSINESS 23

Table 63.—Broad Industrial Sources of Personal Income, by States and Regions, 1963 l

Table 70.— Industrial Sources of Civilian Income Received by Persons for Participation in Current Production,by States and Regions, 1963 l

[Millions of dollars]

StaU- and region

Table 03 Table 70

Totalpersonalincome

Farmin-

come l

Governmentincome

disbursements ~2

FederalStateand

local

Privatenonfarmincome 3

Total ! Farms I MiningContract i Mann- sale andconstrue-; fac- j retail

tion l turing j trade

Finance, Com-insur- Trans- j munica- '. Serv- > Gov-ance, ! pqrta- j t i o n s a n d j ices ; ern-

andrea l ! tion ; public ; ; ment ;estate ! ; utilities ;

United States-

New England.

461,610 15,718 54,283 37,039 354,570 ! ! 363,707 ! 16,005 \

29,780

MaineNew Hampshire _Vermont _ -

MassachusettsRhode IslandConnecticut

14,

S,

113,

DelawareM ar y landDistrict of Columbia-_

Great Lakes

3,563 2,152 1 23,838 | ! 22,761 230

1138

2,015 i345 i589 j

16110066

1,146164515

1,4441, 127

631

11,6691,6387, 329

1,4561,096

632

12,634 I 8,604 j 91,521

366 i108 I269

4,6401,231 !1,847

97,073 2,503

130 I1,903 |1, 126 i

8,448 !

1,601 !

' 997 i

43,720 M15,757 1 122,826 1 1

1.319 I6,516 |1,383||

78,995 I I

l 020 |1,617 i

828 i405 814

Plains 36,534 | 3,595 i 4,001

MinnesotaIowaMissouriNorth Dakota._

South Dakota._NebraskaKansas

8,152 i0,399 !

10,900 i1,300 |

1,390 i3,376 i5,017

i280 !445 |477

744612

1,181 j' 180 I

195 !433 j656

7,127

1,770 j1,691 !

819 I

2,852 i 26,086 I

j 8 /b

41,166 37315,286 I 11021,957 i 275

11,1.13 ! 317,242 j 871,853 !

|78,921 2,517

16,951 34520,362 j 4119,762 i 537

3,656

729494713115

120255426

6.056 I4,349 |8,469 j

716 i

Southeast- 74,360 i 4,212 j 11,369 | 6,095

VirginiaWest Virginia.Kentucky

TennesseeNorth Carolina.South Carolina,.

8,907 i3,348 |5,545

6,5888, 6013,944

17938

440

2,109404840

607291437

52,684

322 i 818676 ! 1,066215 I 639

Georgia...Florida....Alabama..

Mississippi..Louisiana. _ .Arkansas

367515300

448284428

1. 2181,742

944 j

475 i(580434 |

584955490

290674238

4, 9066, 1572,805

5,5468,721 !3,804 i

1,970 I4,434 i1,886 |

28,983

, 100!, 640!, 863

58,045 ! 4,287j

7,015 j 1832,654 j 394,337 I 447

5,348 j 3276,886 ! 6863, 090 ! 218

6,094 ! 3738,502 i 5274,501 | 305

2,525 |4, 749 |2,344 |

450290436

31,502 j 1,716

OklahomaTexasNew Mexico.Arizona

Rocky Mountain.

Montana..IdahoWyoming.

Colorado...Utah

4,85821, 351

1, 9533,340

10, 667

1, 5531, 366

834

Far West..

Washington..OregonNevadaCalifornia

4,8312, 083

65,706

7,5754, 5681,246

52, 317

2421,115

132227

683

20816977

17851

1,845

25616118

1,410

Alaska..Hawaii..

7041, 667

4,283 ! 2,620 22,883 ! i 24,604 I 1,747

7742, 730347432

1,507

666330

7,778

1, 072497127

6,082

267433

4641, 617220319

992 j

14412281

461184

6,370

71542394

5,138

80147

3,37815, 8891, 2542, 362

7,485

3,714 I 24716,664 i 1,1351,556 I 1342,670 | 231

I8,383 i 696

1,218 ! 2121.090 | 172647 ! 78

3,5261, 518

49, 713

5, 5323,4871,007

39, 687

3551,010

51,660 i 1,887

5, 9333,6751,046

41, 006

518 |1.215 !

448

23,149 106,263 | 69,308 j

1,306 8,365 j 4,074 j• I I

84 i 477 j65 407 !39 17

60794

417

4,989 27,544 j 16,947

19,024 |

1,303 |

16,922 |

677 j

60 |3124

2,192969

1. 117

9053883

11, 0245, 7558, 594

4881,631 I

4,216 i 31,281 | 14,074

8, 824 !2,718 j3, 701 |

165 I1, 285 !

254 i

I

833 ;1,063483 ;1, 381 |

456 :

7,681 !8, 523 I4,105 !

2,756 !3.482 I1,645

4, 801 !1,390

1,5171,1002, 386

3S

1,306 !996

1,808 I232

101187

234582 |782 i

330 '217 i455 !

43 [

42 !147 !160

3,903 j 14,382 i 11,087

513127327

330401185

375748

1,483803

1,122i

1,644 i2,237 i1,111 !

1,6331, 190 !1,250 |

542 '869498

1, 287418731

1,0241, 226

504

245 '288 i137 |

336 |653 !194 !

457932396

2631. 168129261

333152 I

4,110 | 5,160

7793,617

265499

216210 |105

804342

1,306

13517848

603342

190914

79150

394

4,022 12,887 10,023

396285173

3,168

41116

1, 59990443

10, 341

138

1,192789182

7, 860

77249

31118559

2,438

1959

5,373 : 4,288

1,900 ;799 :

1, 142

40346

74

3,322 : 3,545 •

557 512 '813 979 i372 i 421

1.337290

2,012 | 6,221 I 5,940 1,394 j 1,625 |

40101244

2,834 | 2,719

328 \ 36081 ! 167

154 ! 227

25128681

312373178

84285115

1,333 | 1,260

1859346576

20574

2,993 2,236

32420746

1. 659

3455

10,135

643

453118

32847

174

49,204

3,387

1, 807 i198 i889

48,135

2,628

210150

1.416219 !

2,680 13,565 • 11,675

1.300 0,975428 2, 180072 2.806

2,014 i 9,034

1.837 :

2,305 i'888 I

3, 143 '801

808 ; 3,517 i 3,455

874

8,212

1. 8772, 074

982

836 !592 i

1,085 !108 j

30 !69 iIll i

1,519 |

179 !108 !

114 |j

96 !144 i66 |

170 |228120 I

6815868

453 ;

7,261 !

939 |272 1486 i

648 !

767 :362 I

671 i1,419 !

508 I

267676246

817 i567 f903 |145 |

164 !335 :524

8,680 !

1,628302552

743813412

870 ;1,230 ;

829 '

346 ;669 i286

791 j 3,362 i 3,635

119 I519 i

60 !93 1

4912,173

265433

260 1,063

o- i

32 i23 |

12147 (

1,351 j

132114 j

32 j1.073 !

13713966

702470334

6. 278

52179 ;

626 :2,223 i

349437

1,473 S

199 I160 i114 !

!634 j366

7,875 1

964 i533134

6.244 <

200302 •'

1,295

116

189

6130

16

82

79

251

334

11

8238

396210

122714

85

18546

38141

257

213

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

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

governments. Comprises wages and salaries (net of employee contributions for Social insur-ance), other labor income, interest and transfer payments.

3. Equals total personal income less farm income and government income disbursements.Note.-—U.S. totals include Alaska and Hawaii.

Footnotes to Table 70:1. Consists of wage and salary disbursements, other labor income, and proprietors' income.2. Does not include earnings of military personnel.3. Less than $500,000.NOTE.—U.S. totals include Alaska and Hawaii.

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

24 SURVEY OF CURRENT BUSINESS August 11)04

(Continued from page If)

for the year, or $1.9 billion if the specialissues of $702 million are not countedas liquid.

The remainder of the aggregate in-crease of $2.6 billion in foreign hold-ings consisted primarily of an increaseof over $450 million in various U.S.Government liabilities, of which thelargest were advances by foreign gov-ernments on military purchases here,special nonmarketable obligations is-sued to international organizations inconnection with subscriptions, and non-marketable nonconvertible issues heldby foreign governments.

Overall Investment Position

The statement of international assetsand liabilities shown in table 12 is oftenused as a measure of internationalfinancial strength of the United States.Although the sum total of U.S. foreignassets exceeds the sum of foreign hold-ings here by nearly $37 billion (notincluding as an asset the U.S. goldstock), the types of assets and liabilities,and their valuations, are so differentthat the net difference, without qualifi-cations, has little significance. This isespecially so when comparisons aremade over a long period of time.

On the asset side, a comparison of1963 with 1950 shows that while privateforeign investments have expanded by$47 billion, the gold stock has declinedover $7 billion, and the increase of $9.3billion in U.S. Government assets in-cludes over $6 billion payable in foreigncurrencies of limited usefulness. De-ducting these amounts gives an adjustedincrease in private and Governmentassets of $44 billion. On the liabilitiesside the overall increase from 1950 wasabout $34 billion, so that the adjustedincrease in net foreign assets after 1950would be about $10 billion.

The 1950-63 expansion of U.S. assetsabroad was largely in direct investments($29 billion). While it is probably truethat the book values used are lower thanthe replacement cost of assets or marketvaluations of the enterprises, the extentof the difference would vary so muchamong industries and areas that nooverall evaluation can be made.

On the other hand, the increase offoreign assets in the United States since1950 was largely in short-term assetsand Government obligations ($19 bil-lion) and in corporate stocks ($9.6 bil-lion), with a smaller increase in directinvestments ($4.6 billion). Of the in-crease in the holdings of corporatestocks, about $2 billion represented netforeign purchases in the period and theremainder resulted from rising marketvaluations.

Another approach to an evaluationof the significance of the changes in thedebtor-creditor position involves a com-parison of the earnings derived frominvestments. Earnings of U.S. privateinvestments abroad rose from $2 billionID 1950 to $5.6 billion in 1963, whilecomparable foreign earnings ID theUnited States rose from $500 millionto $1 billion. On this basis there wasclearly a considerable strengthening ofthe U.S. international position.

Table 12.—International Investment Position of the United States, Total 1950, by Area1962-63

[Millions of dollars]

Type of investment

U.S. assets and investments abroad,total

Gold vtock (not included in totdl)

Private investments

Lone-ten n

DirectForeign dollar bondsOther foreign 1 tone's 2

Foreign corporate stocksBanking claimsOther

Reported by 1 tanksOther

U.S. Government credits andclaims

Long-term credits :i

Repayable in dollars 4

Repayable in foreign curren-cies etc 5

Foreign currencies and short-term claims. _

IMF gold tranche position andmonetary author i t ies ' hold-ings of convertible currencies

Foreign assets and investments inthe United States, total

Long-term

DirectCorporate stocksCorporate, s tate , and munici-

pal bondsOther

Short-term assets and U.S. Gov-ernment obligations

Private obligations

Reported bv banksOther

U.S. Government obligations. _

Bills and certificatesMarketable bonds and notes.Nonmarketable bonds and

notesOthe r - ..

Total

1950

31,539

'92 820

19,004

17. 488

11,7881, 6921 4601,175

390977

1, 516

886630

1962 r

80,343

16, 057

60,025

52. 732

37. 2206. 348

8004,714l.%01 678

7, 293

5, 1012 19°

WesternEurope

1963 p 1962 r

88,15422,409

15 -596

66,366

58, 256

40, 6457, 35f

14, 524

12, 959

8, 930534

595. 145 2. 1132, 8151 520

8,110

5,8489 2(5'->

12,53520,31821,788

10 768 ! 16. 042H7. 146

n. a.

n.a.

322

1,445

17,635

7,997

3, 3912, 925

1811, 500

9,638

6,477

5, 751726

3,161

1,5081,470

183

n.a.

n.a.

3,113

1,163

46,280

20, 216

7, 61210, 336

6571,611

26. 064

13, 344

12 579765

12, 720

9,3792,110

251980

13, 160

3, 986

3, 395

1,247

51,478

22, 794

7,94412, 485

7021, 663

28, 684

14,878

14, 128750

13, 806

8,72062,742

8931,451

1963 P

24,818

16, 993

15, 352

10, 35177960

2. 319577 1,081746 762

1,565 1,641

869 912696 729

7,885 7,825j

7.211! 7.029

n.a.

n.a.

578

96

26,490

14, 369

5. 2457,697

439988

12, 121

5,321

4,936385

6,800

5,237708

251604

5, 992

1,037

587

209

29,876

16, 237

5,4919, 307

460979

13, 639

5, 827

5,414413

7,812

5, 348e 741

768955

Canada

1962 r

19,915

1963 P

21,574

LatinAmericanRepu )lics

1962 '

15,222

Otherforeign

countries

1963 P 1962 r

15,743

1963 f

17,90421,110

19,90821,568 12, 111 12,368 10,645

18, 612 20, 255 10, 185 10, 380 8, 140

12,13313,016; 8,424! 8,657! 6,0923,289! 3, 861 i 335! 358^ 1.104

551 596; 24! 24 692,3011 2.46li 64; 65i 236

104234

1, 296

526770

7

75246

1,313

611702

6

4

3

7,350

3,520

2,0641, 242

(*}214

3. 830

1,899

1,80990

1,931

1,540389

3

3

7,767

3,884

2,1831,490

(')211

3,883

2,018

1,93781

1,865

1,0516687

19S1 2 2

878460

1, 926

1,535391

3,111

2, 922

n.a.

n a

189

4,018

1, 223

141785

76221

2, 795

2,431

2,291140

364

93125

965311

1,988

1,588400

3,375

3, 133

2,871

262

242

4, 789

1,393

112935

77269

3,396

2,901

2,786115

495

225698

146 172

401238

2, 505

2. 171334

7,259

4.940

n.a.

n.a

2, 319

5,444

953

162563

40188

4,491

3,170

3,020150

1, 321

1,15589

77

12,630

9, 463

6, 8891,284

95300694201

3, 167

2, 737430

8,480

5, 942

3, 255

*> 687

2, 538

6,111

1, 097

158687

48204

5,014

3, 675

3,534141

1,339

1,142682

115

Interna-t ional insti-tutions andunallocated

1962 r

4,893

2,837

2, 836

1 1,6471, 0862 103

1

(*)1

2, 056

909

n.a.

n a

23

1, 064

2,978

151

49

102

2, 827

523

523(*)

2,304

1,354799

151

1963p

4,909

2,807

2, 806

1 1 , 7321 , 074

1

_

2,102

1,042

1,042

2.5

1,035

2, 935

183

_ _ _ _ _ _

117

2, 752

457

4570)

2, 295

95461,134

207

• Revised. 1 Preliminary. na Not available. (*) Negligible.1. Represents the estimated investment in shipping companies registered primarily in Panama and Liberia.2. Consists primarily of securities payable in foreign currencies, but includes some dollar obligations including through

1962 participations and loans made by the International Bank for Reconstruction and Development. Subsequent to 1962participations in IBRD loans are included under banking claims and "other" long term, according to country of obligor.

3. Excludes World War I debts that are not currently being serviced.4. Includes indebtedness repayable in U.S. dollars, or optionally in foreign currencies when option rests with U.S. Gov-

ernment.5. Includes indebtedness which the borrower may contractually, or at its option, repay with its currency, with a third

country's currency, or by delivery of materials or transfer of services.6. New series "based on a Federal Reserve Board survey as of July 31, 1963. Data to reconcile the old arid new series are

not available.7. Includes non-interest-bearing demand notes issued in payment of subscriptions to international and regional organi-

zations (other than IMF) , portfolio fund certificates sold abroad by Export-Import Bank, liabilities associated with Govern-ment grant and capital transactions (including restricted accounts), and advances for military exports and other governmentsales. '

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

BUSINESS STATISTICSA HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY

OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, for majorquarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and referencesto sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk(*) and a dagger (f) , respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthlySURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) correspondingto revised monthly averages are available upon request. Except as otherwise stated, the terms ''unadjusted" and "adjusted" refer to adjustmentfor seasonal variation.

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

Data from private sources are provided

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1961 | 1962 | 1963

Annual total

1961

III IV

1962

I II III IV

( '•'' ' 1963

I II

Seasonally adjusted quarterly totals at

III | IV

1964

I II III

annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PRODUCT

National income, totalf bil. $--

Conipencation of employees, total do

W'i(Tes and salaries total do _ .Private -- ^°- --"Military - -- d°Government civilian do_

Supplements to wages and salaries doProprietors' income totalcf do

Business and professionalc? _ do_Farm d°

Rental income of persons doCorporate profits and inventory valuation adjust-

ment total - _bil. $

Corporate profits before tax, total. _.do_ __Corporate profits tax liability doCorporate profits after tax _ _do_

Dividends doUndistributed, profits do

Inventory valuation adjustment do.

Net interest do

Gro^s national product, totalf _- do

Personal consumption expenditures, total. .do

I)urable goods, total© doAutomobiles and parts. _. _ _ -do_ _.Furniture and household equipment. _.do

Nondurable goods, total © _ _ doClothing and shoes _ _ d o _ __Food and alcoholic beverages ..doGasoline and oil .do. _

Services, total© _ _ doHousehold operation do_ _.Rousing doTransportation. do

Gross private domestic investment, total do

New construction ...do. .Residential nonfarm do

Producers' durable equipment doChange in business inventories do

Nonfarm . do_-

Net exports of goods and services _ _ do_Exports . . . doImports do

Govt. purchases of goods and services, totaL.doFederal (less Government sales) do.

National defense 9 doState and local do

By major type of product:fFinal sales, total do

Goods, total doDurable goods doNondurable goods do

Services doConstruction do

Inventory change, total doDurable goods doNondurable goods do

426. 9

! 302. 2

278. 8227.010.241.623.448.235. 312.912.2

44.1

44.222.321.915.26.7-.1

20.1

518.7

337. 3

43 717. 119.3

155.428.781.311.9

138 320.444 210.7

68. 8

41 021 125.91.91.5

4.627 623.0

108.057 449 o50 6

516. 8257 994.5

163. 4200 858 1

1.9J !

2.0 '

455. 6

323. 1

297.1241. 610.844.725.949.836.613.212.2

48.4

48.223.225.016.58.5.3

22.1

556. 2

356.8

48.420.620.2

162.029.984.612.3

146.421.646.511.3

79.1

44 223 629.05.95.3

4.099 225.2

116.362 953 653 5

550. 3273 6102.3171.3214 762 0

5.93 02.' 9

478.5

340.3

312.1252. 910.948.328.250.637. 613.012.3

50.8

51.324.626.718. 08.7-.4

24.4

583.9

375.0

52.122.721.4

167.530.787.112.8

155 322.748 911.7

82.0

46 695 231.04.43.9

4.430 726.3

122.664 755 257 9

579. 59g5 g

108. 2177.6998 465 2

4.4

2 9

429. 7

304.7

281. 1228.910.042.223.648.535. 712.812.2

44.0

44.322.322.015.16.9-.3

20.4

522. 4

339.1

44 317.419.5

155. 728.781.411.9

139 120.644 410.7

71.3

41 321 526.33.73 3

4.227 823.7

107.957 148 650 9

518.7258 895.4

163. 4901 8

co 9

3.79 ^

I!4

442.4

310.7

286.8233.2

10.842.823.949. 636.313.312. 2

49.0

49.324.824.515.78.8-.3

20.9

536.9

345. 2

46 018 619.9

157 829. 482.212.0

141 420 945 o10.8

74.9

41 992 1

27.45.65 2

4.328 424.1

112. 659 850 952 8

531. 4264 898.4

166. 59QfJ g

CQ 7

5.63c\2. 0

447.2

316.6

291.2236. 511.143. 625. 450. 036. 313.712.2

47.1

47.222.724.516.18.4-.1

21.3

545.5

350.5

47 419 720.1

159 529 683.212 2

143 621 345 611. 1

77.4

42 522 528.16.96 4

3 428 024.6

114.361 459 5Pj9 g

538. 79('0 Q

100. 2168. 791Q A

6.90 Q

2.9 '

454.3

322.4

296. 6241. 511.044.125 849. 936. 613.312.2

48.0

47.923 024.916.48.5.0

21.8

553 4

354.0

47 720 319.9

161 029 784.112 2

145 321 346 211 2

78.9

44 123 528.86.15 5

4 329 625.3

116.163 655 3co r

547.39""} £,

103. 5170. 091 9 9

6.1

3.0

457.8

325.3

299.2243. 510.745.026 149. 736. 713 012.2

48.3

48.123 125.016.58.5.1

22 3

559 0

358.5

48 420 520.3

162 930 085 212 3

147 221 746 811 4

80.2

45 524 429.65.14 4

4 429 725.3

115. 969 453 0CO C

554. 0

101.4172.6

5.1

2.0

463. 2

328.0

301.6244.810.546.326 449 736. 912 812 2

50.3

49 423 825 717.18 6.9

22 9

566 6

364.0

50 221 820.6

164 430 285 912 5

149 522 047 511 5

79.9

44 904 o29.75.44 8

3 929 425.5

118.763 8CO C

561. 2

104.1174.1

5.4

3.6

467.9

332.7

305.3247.510.647.297 450 337 113 212 3

49 1

48 923 425 517.28 3

2

23 5

571 8

369.2

51 12? 420.8

166 030 486 412 7

152 129 448 011 6

77.9

44 724 329.63.6.3 0

3 490 Q

25.4

121.465 1

568. 2

105. 0175.8

3.6 |

2.0

474.6

338.1

310. 1251. 610.747.827 9

50 137 312 812 3

50 2

51 124 526 617.78 9

— 9

24 0

577 4

372.0

51 522 621.0

166 630 186 912 8

153 922 448 6117

80.2

45 925 130.73.63 2

4 3OA K

26.3

120. 9A4 ^

573. 7

111.0175.5

63. 7

3.62:i

481.9

342.7

314 3255. 0

10.748 79S 450 737 812 912 4

51 4

51 324 526*717.98 9

2

24 7

587 2

377.4

/y? 229 (521.6

168 631 387 312 9

156 62° 949 211 7

82.8

47 225 431.44.23 7

4 2O1 A

26.8

122.8(\A A

583. 0285. 7106. 6179. 1

66. 2

4.2

2.7

490.0

347.7

318 8257. 6

11. 749 6°8 8

51 538 313 9

12 4

53 1

54 39fi 09g 319.19 2

— 1 2

25 4

599 0

381. 3

53 693 922.3

168 930 987 813 0

158 893 Q

49 811 8

87.1

48 39A 9

32.46.46 0

5 8

26.9

124.8

59. 9

592. 6290. 3110.4179.9

67.8

6.43. 03.4

498.4

35° 5

393 2°60 8

11.750 799 4

51 9

38 6I9 612 4

56 4

56 695 431 9

19. 411 8— 2

25 9

608 8

390.0

55 994 323.1

172 932 189 713 3

161 193 c

12 0

85.9

4Q 9

34.22.59 9

ol' r

26.8

125.2

60. 9

606. 4

114.3183.9239. 668. 6

2. 5.7

1.8

"506 6

358 6

328 79 65 3

11 751 799 9

51 739 iI9 6I9 4

f 57 4

*>r>7 47>95 8P31 7pl9. 8f'll 9

1

26 5

r g;[g (J

r 396. 1

r C7 A

94 1

24.2T 1 7r o

33 290 613 5

94. n

I9 2r87. 2

r 34. 6

r 5 7

r 27. 9r 129. 6

57. 062. 5

614.9304. 3119.01S5. 4241.768. 9

3.7

1.2

. _

r Revised, p Preliminary, f Revised series. Estimates of national income and productand personal income have been revised back to 1961 (see p. 8 ff. of the July 1964 SURVEY);revisions prior to May 1963 for personal income appear on p. 15 of the July 1964 SURVEY

eflncludes inventory valuation adjustment.9 Government sales are not deducted.

parately.

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

S-2 SUKVEY OF CURRENT BUSINESS August l!M'i4

Unless otherwise stated, statistics through 1962and descriptive notes fire shown in the 1963edition of BUSINESS STATISTICS

1961 1 1962 1 1963

Annual total

1961

III IV

1962

I II III IV

1963

I II III IV

1964

1 II III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued

NATIONAL INCOME AND PRODUCT— Con.Quarterly Data Seasonally Adjusted at Annual Rates

GNP in constant (1954) dollarsG-ross national product totalf bil. $

Personal consumption expenditures, total.. do

Durable goods doNondurable goods - doServices do

Gross private domestic investment total do

New construction doProducers' durable equipment - doChange In business Inventories do

Net exports of goods and services do

Govt. purchases of goods and services, totaL.doFederal doState and local do

DISPOSITION OF PERSONAL INCOMEfQuarterly Data Seasonally Adjusted at Annual RatesPersonal Income total bll. $T/ess1 Personal tax and nontax pavments _ doFqiials1 Disposable personal Income _ _ d o

Personal saving § doNEW PLANT AND EQUIPMENT

EXPENDITUREStin ad justed quarterly or annual totals:

All industries bll. $ .

Manufacturing - doDurable goods Industries doNondurable goods Industries _ do _ _

Mining doRailroads -- do_ __Transportation, other than rail _ _ . doPublic utilities doCommunications doCommercial and other do

Seas. adj. qtrly. totals at annual rates:

r> hi rf~1 dnstrles do' uraLue goo , , ., r~.~ -,

T? 11 n doj-taiiroat. a- -- -- ,-L rf.t-i /\n

Public utilities do

BUSINESS POPULATIONFirms In operation, end of quarter (seasonally ad-

justed) - thous

U.S. BALANCE OF INTERNATIONALPAYMENTScft

Quarterly Data are Seasonally Adjusted

Imports:Merchandise. - doMilitary expenditures doOther services do

Remittances and pensions doGovt. grants and capital outflows do

Direct investments ...doTvong-term portfolio doShort-term ..do

\i ^ receipts recorded do

Exports:Merchandise doServices and military sales do

Foreign capital other than liquid funds (net). do

Excess of recorded receipts or payments (— ) .. .doUnrecorded transactions (net) do

Total net receipts or payments ( — ) do__Net receipts or payments (— ), incl. transactions in

non marketable, medium-term convertible Govt.

447.9

303. 8

41.4143. 5118.9

57.4

34.321.41.7

2.5

84.344.839.4

417.652.9

364.7

27.3

34. 37

13.686.277.40

.98

.671.855. 523.228.46

< 4, 713

31,791

14,4972,9545, 401

7054,054

4,1801,5991, 0251, 556

30, 419

19,9138, 525

1.274707

-1,372-998

-2,370

476.4

318.5

45.7148.3124.5

65.9

36.724. 05.2

2.2

89.849.440.3

442.457.9

384. 6

27.8

37.31

14.687.037.65

1.08.85

2.075.483.639.52

*4,755

33, 486

16, 1343, 0445, 843

7384,293

3, 4341,6541,227

553

32, 394

20, 5769, 508

1,2801,030

— 1,092-1,111

-2,203

492. 6

330. 6

49.3151. 6129. 7

67.7

37.925. 64.1

2.2

92.149.742.4

464.161. 6

402. 5

27.5

39.22

15.697.857.84

1.041.101.925.653.79

10.03

4 4, 797

35, 710

16, 9312,8976, 332

8264, 522

4,2021,8621,644

696

33, 352

21,9389, 735

969710

-2,358-286

-2,644

-1.942

450. 6

305. 1

41.8143.9119.4

59.4

34.621.63.2

2.0

84.044.639.4

420. 653.3

367. 3

28.2

8.65

3.341.501.84

.25

.16

.471.50

.782.16

34.70

13.656.107.55

1.00.65

1.905.653.208.60

4, 760

8, 005

3, 826695

1,346

1741,034

930435259236

7,262

4, 9872, 134

9942

— 74343

-700

462. 5

310. 0

43.7145. 6120. 8

62.7

35.299 7

^8

2.1

87.747.040. 7

428. 654.4

374. 2

29.1

9.54

3.881.792.09

.26

. 16

. 501.54

.882.32

35.40

14.006.407.60

1.00.60

1.955.553.359.00

4, 770

8,616

3, 881714

1,389

1741, 206

1,252377445430

7,717

5, 1212,187

196213

-899-332

-1,231

469. 1

314.2

44.8146.6122.7

64.8

35.523. 26.1

1.3

88 848.440.4

434.756. 1

378. 5

28.0

8.02

3.141.441.69

.26

.16

.471.06.88

2.06

35. 70

14.206.557. 60

1.15.70

2. 055.153.708.75

4, 780

8,447

3, 948758

1,412

1871,074

1 , 068260390418

7, 706

5, 0322,198

150326

-741

-748

475.1

316. 6

44.9147.8123.8

65.8

36. 623.85.4

2.8

89.950.239.8

441. 057.6

383. 4

29.4

9.50

3.691.771.92

.27

.26

.601.37.93

2.37

36.95

14.456.957.50

1.05.95

2.255.403.659.25

4,790

8,151

4, 058749

1,462

1891,065

628446303

-121

7, 925

5. 2372, 397

23754

—226-214

-440

478. 3

319.8

45. 6149. 1125.0

66.3

37.524.44.4

2.8

89.449.240.2

444. 558. 5

386,0

27.5

9.62

3.721.791.93

.28

.24

.501.54.87

2.48

38.35

15.057.257.80

1.101.002.005.753.609.85

4,800

8, 312

4,088745

1 , 465

1771,066

771417208146

8, 408

5, 2882. 339

606175

96-430

-334

483.0

323. 6

47.6149.5126. 5

66. 5

37.024.74.9

2.1

90.749.940.9

449.759.3

390.4

26.4

10.18

4.132.032.10

.27

.20

.501.52.95

2.60

37.95

15.007.307.70

1.00.80

1.905.453.60

10.20

4,815

8, 576

4. 040792

1 , 504

1851,088

967531326110

8, 355

5, 0192, 574

287475

-221-460

-681

485.4

327.0

48. 5150.7127.8

64.7

36. 824. 63.4

1.3

92.450.741.8

455. 260.1

395. 1

25.9

8.25

3.271.621.65

.24

.21

.391.04.85

2.26

36. 95

14.857.357.50

1.05.90

1.705.203.559.65

4.825

8, 603

4,017747

1,529

2131,041

1, 056581521

-46

7, 655

4,9842, 432

16673

-948-124

-1,072

-722

487.9

328.6

48.6151.1128.9

66.2

37.525.43.3

2.1

91.049.441.7

460. 261.1

399.1

27.1

9.74

3.921.961.95

.26

.28

.541.40.95

2.41

38.05

15. 307.657.65

1.001.002.055.453.659.65

4,835

9, 679

4,197731

1,578

2191,333

1,621451598572

8, 337

5,4592.421

190267

-1,34242

-1,300

-1,148

494.8

332. 4

49.4152.5130.6

68.1

38.225.94.0

2.0

92.349.642.7

466. 361.9

404.4

27.0

10.14

3.951.961.99

.27

.29

.451.60.93

2.64

40.00

15.958.008.00

1.051.201.855.903.85

10.20

4,850

8, 383

4, 353711

1,595

2031,009

512236302

-26

8, 528

5, 5972, 375

424132

145-277

-132

43

502. 0

334. 4

50.8152.1131.6

71.7

39.026.85.9

3.5

92.448.943.4

474. 563.3

411.2

29.9

11.09

4.562.312.25

.28

.33

.541.611.062.72

41.20

16. 458.308.15

1.051.352.105.804.05

10. 45

4,860

9, 045

4, 364708

1,630

1911, 139

1, 013594223196

8, 832

5,8982,507

189238

-21373

-140

-115

508. 0

340. 9

53.1155. 2132.6

70.1

39. 628.12.4

5.4

91.647.843.8

480.961.4

419. 5

29.5

9.40

3.791.931.87

.26

.32

.511. 18.97

2.37

42.55

17.408.858.55

1.151.402.305.954.05

10. 25

4,875

9,113

4, 347720

1,613

202897

1,334463226645

9,179

6, 0872,771

216105

66-108

-42

-42

r 513 5

345 0 i

54.0157. 4133.7

70.8

39. 228.33.3

3.4

94.349.844.5

487.9* 56. 6

'431.3

r 35. 2

111.05

4.542.292.26

.28

.38

.601.53

33.72

i 43. 35

17. 858.958.90

1.051.302.156. 15

3 14. 85

4, 895

p 4, 550

p 6, 020

ap_789

«*-667

-' 11. 19

4.622.232.39

.28

.34

.531. 63

s 3. 79

-1 44. 30

18. 609.009. 5f>

1. 101.35

6.00

3 15.05

r Revised. » Preliminary. is based on incomplete data. tSee corresponding note on p. S-l (revisions prior to 3d qtr.i Estimates for Apr .-June 1964 based on anticipated capital expenditures of business. 19(51 appear on p. 8 ff. of the Ju y 1964 SURVEY).2 Estimates for July-Sept. 1964 based on anticipated capital expenditures of business. §Personal saving is excess of disposable income over personal consumption expenditures

Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 43.92; shown as a component of gross national product on p. S-l.manufacturing, total, 18.25; durable goods industries, 9.05; nondurable goods industries, d*More complete details are given in the quarterly reviews in the Mar., June, Sept.9 20; mining, 1 09; railroads, 1.44; transportation, 2.21; public utilities, 6.03; commercial and and Dec. issues of the SURVEY.other (incl. communications), 14.90. » Includes communications. {Revisions for 1960— 2d qtr. 1961 appear on p. 10 of the June 1964 SURVEY.

* Unadiusted Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1963, a Preliminary revision for 1st qtr. 1964 is —$75 mil.; other revisions will appear in the Sept.J ' 1964 SURVEY.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1!>64 SUEVEY OF CURRENT BUSINESS S-3

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963 v

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCEf

Seasonally adjusted, at annualrates:fTotal personal income bil. $__

Wage and salary disbursements, total do

Commodity-producing industries, total.doManufacturing only -do

Distributive industries do__

Service industries - do__ _Government - do

Other labor income do -Proprietors' income:

lousiness and professional do__ _Farm do

Tlentil income of persons doDividends -- --doPersonal Interest income - do...-Transfer payments doLess personal contributions for social insurance

bil. $_-

Total nona°ricultural income do

FARM INCOME AND MARKETINGS*

Cash receipts from farming, including Governmentpayments (48 States), totalt mil. $._

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

Dairy products _ d o _ _ .M^eat animals doPoultry and eggs - do__

Indexes of cash receipts from marketings and CCCloans, unadjusted:!

All commodities _ _ _ - 1957-59= 100__Crops _ doLivestock and products do

Indexes of volume of farm marketings, unadjusted :|All commodities 1957-59= 100_.

Crops doLivestock and products do --

INDUSTRIAL PRODUCTION

Federal Reserve Index of Quantity Out-put

Unadj., total index (incl. utilities) 1957-59=100..By industry groupings:

Manufacturing, total doDurable manufactures doNondurable manufactures do

Mining doUtilities __ _ do

By market groupings:Final products, total do

Consumer goods doAutomotive and home goods . doApparel and staples do

Equipment, including defense do

Materials doDurable goods materials doNondurable materials do

Seas, adj., total index (incl. utilities)^ doBy industry groupings:

Manufacturing total do

Durable manufactures 9 doPrimary metals do

Iron and steel doNonferrous metals and products do

Fabricated metal products doStructural metal parts do

Machinery doNonelectrical machinery doElectrical machinery do

Transportation equipment _._doMotor vehicles and parts doAircraft and other equipment do

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

Nondurable manufactures doTextile mill products _ _ _ d oApparel products _ _ do _.Leather and products. _ doPaper and products do

M42. 4

297.1

118.594.276 6

46 455.612 3

36 613.2

12 216.530.034 7

10.3

424 9

3, 151

3,0061,3391,668

403971269

112117108

111112110

118.3

118 7117 9119 8105 0131.3

119 7119 7125 9117 7119.6

117.0114 1120 0

118.3

118 7

117.9104 6100 6119.1117.1113.2

123 5119.7128.5

118.3134.1103.9

123.0111.1106. 1126. 8122.2

119.8115.2118 9102.3119.7

1 464. 1

312.1

123.398.080 3

49 359 213 1

37 613.0

12 318 032.936 7

11.8

446 6

3 218

3,0771 4201,657

4039tr>9

275

115124108

115118113

124.3

124 7124 4125 1107 8140 7

124 8125 1134 3122 2124.2

123. 6121 1126 2

124.3

124 7

124.4113 1109 5126.3123.4120.2

1?9 1126.7132 2

127.0146.1109.5

130.2117.5109 0133.1124.9

125 1117.1lf;5 599.8

125.2

462.7

311.9

123.898.380 0

49 358 713 0

37 412.7

12 318 432. 636 2

11.8

445 5

2 508

2 492984

1 508413826244

938698

9578

107

127.9

128 8129.8127 6111 3

127.1128 1142.0123 7124.8

128.6129 2128.0

125.5

126 1

127.0125.8126 1125.5123.9120.6

129 0126.0132 9

130.3153. 4109.4

130.3118.6106 3132. 8124.2

125 0116.2124 999.6

125.8

464.0

312.9

123. 798.280 5

49 859 013 1

12.9

12 317 733.036 3

11.9

446 6

2 991

2 8641 9511 613

398936963

107109105

108106109

120.5

120.5121.0119 8105 3

121.7121 3124.3120 4122.6

119.4118 7120.1

125.7

126 1

126.3122 8117 1123.5124.4121.7

129 4126. 8132 9

127.8147.3110.1

131. 0119.7105 3135.0125.7

125 8117.6196 999.9

126.3

466.1

314.0

123.698.080.9

50.059.413 2

37 812.9

12 317.833.436 6

11.9

448 8

3 099

2,9691, 2961, 673

389984284

111113109

113113113

123. 8

123 4118.1130 0112 2

123.8124 3105 7130 2122.6

123.9118 7129.2

125.1

125 3

124.5109 4102 6126.4125.7122.0

130 4128.0133 6

126. 1143.0110.5

131.1118.6108 5134.8126.1

126 4118. 5126 9102. 1126.7

468. 9

316.0

125.099.481 5

49 959.713 3

37 912.9

19 418 033.736 6

11.8

451 6

3 843

3,5121 8061, 706

3841 006

998

131158111

131151115

128.3

19§ 7126 6131 4111 4

130 0131 7135 4130 5126.3

126.8124 0129 6

125. 4

125 9

125.1107 7100 0129.4125. 6122. 5

131 6130.2133 6

127.7145.5111.2

132.4119.1109 6135.3126.8

196 9119.4127 1103.6125. 9

472.7

318. 2

125.499.781 8

50 061.013 4

38 213.2

19 418.534.037 1

12.1

455 1

5 338

4,7272 7012,026

4031 977

330

176236139

176227138

129.9

131 1129 3133 3111 0

131 9134 2148 6129 6126.9

128.1195 3131 0

125.9

126 7

126.2108 4100 0130.7126.8123.0

139 o131.1133 3

130.3150.5111.8

132.5120.4112 2135.3126.2

197 4119.7127 3102.9127.0

473 8

318.3

125.199.781 8

50 161 313 5

38 9

13 2

12 418 834.237 2

11.9

456 1

4 394

4 9012 46°1 738

OQA

qnn

156915

159210

127.1

128.2128.4127.9108.1

127.7128 5147.7122 4126.1

126.5123.2129.8

126.1

127 0

126.4109 5103 5132.9126.0123.1

132 8132.1133 7

130.4151.9110.7

131.9120.3HI s136.4127.1

127 7120.4128 5100.0127.3

477 1

320.0

126. 0100.282 0

50 561 513 5

38 413 2

12 420 134.437 2

12.1

459 5

3 473

3 4251 8861 539

A AQ

90 e

198165

131160

124.5

125 1127.2122 5106.7

125.3123 9141.7118 2128.5

123.8121 0126.8

126.8

127 7

127.1110 4104 9134.7126.8123.0

133 4133.5133 3

130.8152.4110.9

132.7121.2110 6137.6127.6

128 5119.5129 0101.2127.6

2477.3479 4

320.8

125. 6100.082 4

50 862 113 6

38 312 8

12 419 334.7

2 39 7

12. 2

2 469 1

3 454

3 3731 6921 681

4.1 7

977

126148i no

1°8145

125.7

125.8126.7124 7107.9

126. 7126 1138 7122 1128.0

124.9121 1128 8

127.7

128 5

128.1113 6108 3132.2128.2124.4

134 7135.2134 0

130.8151.9111.1

132.2121.2112 2137. 3128.6

128 9118.8129 497.8

128.7

480 5

323.6

127.1100.782 8

51 462 413 7

38 712 6

19 419 435.037 5

12.34AO K

9 gn

9 354870

1 484OQQ

941

8876

8970

128.3

129.1129.5128 5108.3

128.5128 9144 4124 0127.5

128. 1125 3131.0

128.2

129 1

128.9117 6114 5139.9129.0126.0

133 6132.9134 5

131.1153.0110.8

133.6124.1117 3138.1129.7

129 4119.8131 799.3

129. 1

482 9

325.1

127.4101.183 1

51 969 713 8

38 812 4

19 419 635.337 8

12.4

466 1

9 610

9 414773

1 6414.^9

9fi9

9068

9056

129.0

130.0131.3128 4107.6

128 5127 7144 1122 5130.1

129.6127 4131.8

129.0

129 9

130.0120 9118 1142.6129.3127.8

135 9136.7134 9

130.1151.1110.6

134.2125.3116 1139.0130.4

129 8118.9131 896.3

130.4

486 6

327.7

128.8102.383 7

52 163 013 9

39 012 5

12 419 835.538 2

12.5

4.fiQ 7

9 533

9 434781

1 653497

9^fi

9168

Q1

52

' 131. 7

133 0134.1

' 131 7* 109. 8

130.7130 3

* 148 3124 6131.5

r 132.6r 131 2r 134 0

r 130. 5

131 4

131.6r 123 8r 123 7

138.5129.5129. 2

137 5138.1136 8

133.0156.2112.0

134.7125.2115 4139.8131.4

131 1119. 4

r 130 5'98.4132. 9

487 8

328.7

128.7102.384 2

52 363 414 0

39 112 6

12 419 835. 738 0

12.5

470 7

9 314

9 294793

1 571JK9

9AH

O K

63

DO

48

r 132. 3

r 133 7134.8

r 139 3r 111.6

' 130. 5r 129 9r 145 9*• 124 9r 131. 8

133.9' 133 9r 133. 9

••131. 3

r 132 9

r 132. 6127 1

r 127 8r 136. 1r 130. 3

128.1

r 138 5r 139. 6*• 137 0

' 134. 1'157.4>• 112. 8

r 134. 6r 124. 3r 114 9r 140. 5M31.9

r 131 7••119.2

132 6104.9

r 134. 3

f 489 3

r 330. 1

r 129. 4r 102. 7

r 84 6

' 52 463.814 1

39 3' 12. 6

12 419.935.9

'•37 6

12.6

'472 1

2 512

2, 495970

1, 525418827254

938599

10184

114

r 134. 2

r 135 4r 13(5 4

r 134 or H3 0

r 133 9134 i

r 150 2199 o

r 133. 4

r 134. 5r 134 gr 134 2

r 131. 7

r 132 f)

133.1r 196 6

125 7136. 7

r 130. 9129.7

140 0r 141. 8r 137 6

134.7157.8113.4

134.9126.6107 9

r 142. 7* 132. 0

r 131 5119.9

129.8

490 8

331.3

129.7102. 984 8

52 664 114 2

39 512.4

12 420.036.037 7

12.7

473 8

127. 1

197 4128 1126 4108 5

127 3126 •>129125129. 7

127. 1127197

132. 7

133 G

134. 51311\>9

133131

14')143140

135158113

135127

145134

139 5

r Revised. *> Preliminary. i The total and components are annual totals. 2 Ital-icized total for Jan. 1964 excludes stepped-up rate of Government life insurance dividendpayments to veterans; total disbursements of $172 million multiplied by 12 (to put on annualrate basis) amounted to $2.1 billion . Figures for transfer payments and total nonagriculturalincome reflecting similar exclusion are as follows: Transfer payments—$37.6 billion; non-agricultural income—$460.1 billion. fSee corresponding note on p. S-l. JRevised series.Dollar figures and indexes of cash receipts revised beginning 1961 (indexes shifted to 1957-59

base). Physical volume indexes revised beginning 1955 to reflect change to the 1957-59 refer-ence base and incorporation of latest Census revisions. Data prior to May 1963 appear inthe Dept. of Agriculture publication, Farm Income Situation, July 1964. 9 Includes datafor items not shown separately. c^Seas. adjusted industrial production indexes for the totaland for industry and market groupings revised beginning Jan. 1961 to incorporate new sea-sonal factors; data prior to May 1963 will be shown later. <• Corrected.

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

S-4 SURVEY OF CURRENT BUSINESS August li>f>4

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 j 1963 P

Monthlyaverage

1963

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

1964

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

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION— ContinuedFederal Reserve Index of Quantity Output — Con.

Seasonally adjusted indexes— Continued 0By industry groupings— Continued

Nondurable manufactures — ContinuedPrinting and publishing 1957-59=100-.

Newspapers do_ _-Chemicals and products - _do_ _-

Industrial chemicals do _Petroleum products _-do

Rubber and plastics products doFood** ?nd beverages do

Food manufactures doBeverages do

Tobacco products do _ _

Minin^ - - doCoaf doCrude oil and natural gas -do

Crude oil -- - do_ _.

Stone and earth minerals _ __ do

Utilities _ d o _ _Electric doGas do

By market groupings: ©Final products total do

Consumer goods doAutomotive and home goods do

Automotive products do\utos doAuto parts and allied products do

Home goods 9 - doAppliances, TV, and radios doFurniture and rues do

Apparel and staples _ _ _ - doApparel, incl. knit goods and shoos doConsume** staples do

Processed foods do

Beverages and tobacco doDrugs soap and toiletries doNewspapers, magazines, books doConsumer fuel and lighting - do

Equipment, including defense 9 doBusiness equipment do

Industrial equipment -do _Commercial equipment doFreight and passenger equipment do __Farm equipment do

Materials doDurable goods materials 9 do

Consumer durable _ _ doEquipment doConstruction do -

Nondurable materials 9 do _ _Business supplies _ do _

Containers doGeneral business supplies do

Business fuel and power 9 doMineral fuels doNonresidenttal utilities _ _ _ _ _ do

BUSINESS SALES AND INVENTORIES §Mfg. and trade sales (seas, adj.), totaljf mil. $__

Manufacturing, totalf doDurable goods industries doNondurable goods industries do

Retail trade, total t - doDurable goods stores doNondurable goods stores do

Merchant wholesalers, totalfcf doDurable goods establishments doNondurable goods establishmentscf do

Mfg. and trade inventories, book value, end of yearor month (seas, adj.), totalf mil. $,_

Manufacturing, totalf - - - ._ -doDurable goods industries doNondurable goods industries do

Retail trade totalf doDurable goods stores doNondurable goods stores do

Merchant wholesalers, totalfcf doDurable goods establishments doNondurable goods establishmentscf do

114.6108.5136.1147.5112.9

130.6113.5113.8111.5112.0

105.095.3

105. 5105. 1112.6109. 7

131.3133. 1125.9

119.7119.7125.9

131.1135. 9124.9

122.2118.2123.9

117.7114.5118.7113.7

111.7129 9116.7126.1

119.6122.1117.2143.1117.2107.7

117.0114.1127.5118.9110. 4

120. 0116.5117.1116.3

111.7104.9129.9

165,078

33. 30817, 18416. 124

19.6136. 245

13, 36712, 1585, 0217, 136

100, 271

57, 75334. 32623. 427

27 93811. 72816.21014, 5808, 1086,472

116.4108.0148.5162.5117.1

138.9116.4116.7114.9115.1

107.8102. 4107.9108. 2112.3112.1

140. 7142.5135. 2

124. 8125.1134.3

141.1149. 5130. 1

129. 4124. 7131.3

122. 2117.5123. 6116.5

115.0140. 0117. 8134.4

124. 2128.3122.9142. 4132.1121.6

123.6121.1137.2125.4116.3

126.2120.1120.3120. 1

117.2109. 3138.8

i 68,002

34, 77418, 07116, 704

20, 5366,675

13, 86112, 6925.2447,448

104, 435

60, 14736, 02824, 119

98 69111,96516, 72615, 5978,4477,150

118. 1112.5147.5160.6118.2

137.0116.2116.4115.6115.4

109.3107.1108.9109. 5112.8113.9

141.0143.4133.3

r 1°5 1r 125. 8r 136. 2

<• 145. 6159. 9

* 126. 9

' 129. 7r 127. 8r 131.8

' 122. 5117.4

r 123. 9* 116.3

' 118. 2r 139.6r 118.3r 134. 6r 123. 7

127 8122. 8142.2128. 1

'116.0r 125 8r 125.2' 143.4

' 125. 7'116.5

' 126. 4r 120 7T 121 0r 19Q 6

r H8 3

' 110 9r 138. 3

67, 983

34, 94218 24216, 700

20, 4866 630

13, 85612, 5555, 2287, 327

101,693

58, 70635. 15623, 550

28 12411 61416 51014. 863

8, 2766, 587

117.6111.6149.7163.0119.5

136.0116.7116.8116.7117.9

110.2107.1110. 3110.9110.3113. 5

144.0146. 8135.4

r 195 2r 125. 7' 133. 9

' 140. 1r 151.5

125. 3

' r>9. 6' 125. 6r 132. 7

' 123. 1118. 7r r>4 3

r 115. 5

' 120. 4T 142 6r 118.3' 134. 7

r 124. 2r 198 8

123.6r 142.3r 131. 5' 117.6

r 125 9' 124. 5r 141. 1r 126 1r 117. 5

r 127 4r 190 0

119 9r 120 1

r H9 5

r H9 2

' 140 3

69, 244

35, 64118 74616, 895

20, 7196 773

13, 94612, 8845,2787,606

102, 134

58, 88435. 34623, 538

28 25911 67316 58614, 9918,2556,736

118.3112. 8150.5164.2117.6

140.1116.8116.9116.6116.8

111.2108.0111.3111.711°. 8113.4

144.0146.9134.6

r 196 1' 196. 4r 135. 4

r 141.4r 151.3' 128. 3

r 131.2T 19tf 0

' 133. 1

'123.6r 119.7r 124. 7r 116.7

r 118. 1' 142. 5r 118.6r 135. 4

r 125. 2r 130 0' 124.8' 141.4

' 134. 5r 122. 3

r 124.8••121.4r 135. 3' 126. 8' 117.9

' r?8. 3r 121. 5' 119 5r 122 5

r H9 9r 113 0r 140. 5

68, 250

34, 73618 16016, 576

20, 6666 562

14 10412, 8485. 2977,551

102, 205

58, 91735, 50723, 410

28 14811 60416 54415, 1408,3216,819

118.4113.7152.4166.5117.0

142.5116.7117.5112. 5115.7

109.9106.2109. 9109.8112.4113.3

142.3145. 1133. 4

r 196 3' 126. 3r 136. 4r 142. 9'153.3r 129. 4

'131.7r 128. 1r 132. 1

' 123. 2' 117.9' 124.7* 116. 7

r 115.2' 144. 5r 117.9' 135. 7

' 126. 1

131 0' 125. 5

141.6r 137. 5r 125. 7

T 124. 9r 122. 0

'138.6' 127. 5

"•118.9

' 127. 9' 120. 7r 118. 1' I99. 1r 118 7r 111.3' 140. 2

68, 029

34, 67217 93716, 735

20, 4266 606

13 82012, 9315,3547,577

102, 535

59, 08735, 53623, 551

28 14711 60516 54215,3018,3876, 914

117.8111.9153.2168.3119.0

142.1117.5117.8116.5114.1

108.6104.1108.4109.1111.9113.5

140. 5143.3131.7

r l'>7 0

' 127. 3r 137. 9

' 145.8' 154. 8r 133. 9

131.3' 125.7r 133. 0r 124. 1' 120. 0r 125. 3r 117.6

'118.3r 143. 9' 117.8r 135. 6

' 127. 1

13° 0126. 6141. 2

' 139.2r 130.8

r 125 4r 122. 2' 139. 5r 127. 7r 118.6

' 128. 7T 122. 5* 192 5r r?2 5r 118 3r 110 0r 141. 1

68,884

35 21418 59016 694

20 7166 941

13? 77512, 9545,3237, 631

103, 167

59, 32235, 58123, 74198 357ll' 66416 69315,4888,4307.058

118.5113.2154.3169.3118.5

144.3117.0117.5114.5114.6

107.4102. 1107. 2108. 1112.2113.1

140. 0143. 6128. 6

' 126 9r 126. 8'138.3

' 145.8' 155. 1<- 133. 5

r 133. 1

' 128. 4'134.4

' 123. 2r 119.9r 124. 17 116.9

' 115. 6' 142. 0' 117. 1' 134. 6

' 127. 0r 132 0-•127.3

139.0' 139. 6' 134. 4r 125 6

122.5' 141.3' 127. 4r 118.9r 128. 8' 122. 5r 123 8r 122 0

r H8 1r 109 2T 141.7

68, 338

35, 00418 97216, 732

20, 5586 734

13, 89412, 7765,3007,476

103, 926

59. 78035, 70424, 07698 65111 85616, 79515,4958,4307,065

121.3119.2154.3171.6116.6

144.2118.7119.2116.5115.8

107.0103.4106.2106. 6119, 9113.4

142.3146. 0130.7

r 19S 0T 127. 9r 139. 0

' 146. 0r 155. 6

r 133. 4

' 134. 0' 128.4r 135.3

••124.4r 120. 1r 125. 7' 118.9

' 117. 2r 142. 7'120.4' 135. 1

'128.3133 9

' 128. 5

140.2r 139. 9'131.6

r 125 9r 122. 6r 142. 8r 128. 7r 118. 9

r 129. 2T 122. 9

121 3' 193 8

r H8 1T 108 9' 142. 2

70, 026

36 02118 47617 545

21 0196 831

14 18812, 9865, 3487, 638

104,435

60, 14736, 02824, 119

98 691ll'96516 72615, 5978,4477,150

119.5113.9154.7173.1116.0

145.0120.8121.3118.4112.7

108.8104.0108.3108.5116.4113.5

144. 5148.3

r i98. 5128. 9

r 139. 7

'146.6155. 3

r 135. 2

'134.8127. 5

r 136. 1r 125. 5r 120. 4r 1^7.0r 121.4

' 116. 5142.2

r 121. 5' 136. 5

' 127. 5r 132 4

128. 9141.6

r 137. 0r 131.2r 126. 7' 123. 0' 141. 9' 129 2r 119.6

'130.4124. 4125. 1124 0

119 1110.2142.7

70, 992

36, 67719,14417, 533

21,0006 855

14,14513,3155,4367, 879

r 104,839

59,99135, 95524, 036

'99 03012, 109

r 16, 92115,8188,5697,249

121.2114.5154.5173.3119.1

145.3120.6119.8125.0105.6

108.999.2

109.1107.8118.8114.7

143.4146.5

198 1' 128. 8' 140.7

145. 5156.5131.1

r 137. 3131.3

' 138. 1r 125. 0-120.7'126.2' 120. 2

118.5140. 1

' 123. 7'134.7r 126. 5r 131 1

127.9140.4

r 137. 8' 126. 0

' 128 1' 125. 8' 144. 3r 129. 6r 123. 2

' 130. 6' 125. 2

125 5r 195 1

118 7109 3143.5

71,013

36 23519 02717 208

21 5337 262

14 97113,2455,5487, 696

' 104,780

60,10835,94524,163

r9g 95412 103

r 16 85115,7198 5597.159

121.8115.2155.2174.9119.7

145.1120.3119.7123.8118.2

108.894.5

109.7109. 0119.8115. 0

144.8148.3

r 198 7' 128.8r 139.7

'144.3152. 5

r 133. 4r 136. 4

128. 7r 139. 0

' 124. 6118. 7126.3

r 118.4

121.9140 1

r 125. 1' 136. 2r 128.6r 133 7

131.9141.0

r 135. 8' 127. 6r 199 3' 127. 3r 141.9r 130.4' 193. 4

' 130. 8' 194 9

193 6' 195 6

118 7108 9144 5

705 649

36 22218 88717 335

21 2236 939

14 28413, 2045,5607,644

' 105,029

60, 32636. 07924, 247

'98 96912 936

r!6 73315,7348 4787.256

123.6117.2157.0

' 176. 7120. 8

149.4190.6

' 120. 0124.1127.5

' 109. 998 7

' 110. 0109.6124.2114.3

' 147. 5151 3

r no 6r 130 8r 142.4

149 3160 0135. 2

r 137.7130.7

' 139. 7

r J97 9

r 121. 5

' 198 8' 19Q 8

125.2142 8

' 126. 7138 5

' 130. 2' 135 8

133 9143 1

r 140. 8' 126. 6

r 130 6' 129. 0' 144 1' 131 6' 193 8

' 132 3196 1127 0125 7

r 120 7' 110 3' 147 9

71,787

37 16719 35917' 808

21 3927 010

14 38213, 2285,5067,722

' 105,652

60, 53136, 27724, 254

'99 94212 340

r!6 90215,8798,5197.360

123.9117.1

' 156. 6173.4

' 122. 0

152.5' 120. 1' 120. 2

119.3129.2

'111.2106. 1

' 110.5' 110. 1' 119.5r 116.8

' 148. 3152.3

r 131 1r 131.0' 143. 0

' 151.4160. 3

r 139. 6

' 137. 1r 130. 1' 141. 1

'127.2123. 1

' 128 3' 120. 2

122.6' 144. 5' 124. 7

138.7

'131.2' 137 8' 135. 7' 141. 9' 143.9' 130. 7

' 131.2' 129. 8'143.8' 132.9' 123. 5

' 132. 7' 126. 6

128. 1' 125 8

r 199 2

' 112 0148.9

'72,660

'37,186r 19. 138' 18, 048

'21,777' 7, 218

r 14, 559r 13, 697' 5, 766' 7, 930

' 105,786

' 60, 598'36,300'24,228

'99 205'12 39Q' 16, 885' 16, 053' 8, 618r 7, 435

124.3117.2158.2

121.4

119.6119.2

' 111.8' 105 1

111.3111.1118.8119. 5

' 149. 5

r 131 7r 131 6' 143. 7r 150. 9' 161 7

136. 7

138. 6131. 9143. 5

r 19g '>

r 1°9 4119 9

~~147~8~126.0

' 132. 0139 1137. 4143.6141.9

T 131 g130.8147.8133 1122.6

' 133. 0124 7I'M 9

195 0

' 193 0' ll9 7

72, 339

37 01519 17917, 836

21 6756 969

14 70613,6495,7497, 899

105, 913

60, 37736,47123, 906

29 465I9 38717 07816, 0718 7417.330

125

112 310*)11°112

149 0

139 "i139 3146

1 ̂1G3

198

J9Q

132. 9141

133 1132

135

193113

r Revised. p Preliminary. 1 Total and components are based on unadjusted data.®See note marked "c?" on p. S-3.9 Includes data for items not shown separately.§ The term "business" here includes only manufacturing and trade. Business inven-

tories 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-5; those for retail trade on p. S-ll.

tSee note marked "t" on p. S-4 of the Nov. 1963 SURVEY. fRevised series. For a

detailed description of the changes affecting these series and data for earlier periods, seepp. 16-19 of the Dec. 1963 SURVEY. cf Total manufacturing and trade sales and inventoriesand merchant wholesalers' sales and inventories have been expanded to cover all merchantwholesalers, including wholesalers of farm product raw materials; also, seasonally adjusteddata beginning Jan. 1960 for merchant wholesalers' sales and inventories revised to reflectnew seasonal and trading day factors. Revisions for earlier periods appear on p. 24 of theMay 1964 SURVEY.

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

August 10(>4 SURVEY OF CURRENT BUSINESS S-5

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

GENERAL BUSINESS INDICATORS—Continued

BUSINESS SALES AND INVENTORIES— Con.Inventory-sales ratios:

Manufacturing and trade, total! § ratio

Manufacturing, total § doDurable goods industries _ _. do -

Purchased materials doGoods in process _ _ _ _ doFinished goods do

Nondurable goods industries doPurchased materials _ - doGoods in process doFinished goods do -

Retail trade, total t§ _. _ do _ . _Durable goods stores doNondurable goods stores - - - - -do

Merchant wholesalers, totaled1. _ _ do-_ _Durable goods establishments do. _ _Nondurable goods establishments cf do _ _ _

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Manufacturers' export sales:*Durable goods industries (unadj.), total.- mil. $

Shipments (not seas, adj.), totalf do

Durable goods industries, total? _ _ _ doStone, clay, and glass products - _ _ do ___Primary metals do

Blast furnaces, steel mills ___ - _ -doFabricated metal products do

Machinery, except electrical _ __ do _ _ .Electrical machinery _ _ _ _ _ doTransportation equipment _ do _ _

Motor vehicles and parts - _ _ doInstruments and related products _ _ _ _ do - -

Nondurable goods industries, total 9 - do __Food and kindred products -_ doTobacco products. doTextile mill products doPaper and allied products doChemicals and allied products __ . doPetroleum and coal products doRubber and plastics products do

Shipments (seas, adj.), totalf doBy industry group:

Durable goods industries, total 9 - doStone clay and glass products doPrimary metals do

Blast furnaces, steel mills doFabricated metal products doMachinery, except electrical doElectrical machinery doTransportation equipment do

M'otor vehicles and parts doInstruments and related products do

Nondurable goods industries, total 9 doFood and kindred product^ doTobacco products doTextile mill products doPaper and allied products. _ _ _ d o _ _Chemicals and allied products _ _ _ . doPetroleum and coal products doRubber and plastics products do

By market category:Home goods and apparel doConsumer staples doEquipment and defense prod., excl. auto.doAutomotive equipment _ _ doConstruction materials and supplies doOther materials and supplies _ _ do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment do

Inventories, end of year or month :fBook value (unadjusted), total do

Durable goods industries, total doNondurable goods industries, total do

Book value (seasonally adjusted), total doBy industry group:

Durable goods industries, total $ _ _ doStone, clay, and glass products. doPrimary metals - - - _ _ do

Blast furnaces, steel mills ._ ._ do -Fabricated metal products doMachinery, except electrical do -Electrical machinery _ do -~Transportation equipment __ _ do __

Motor vehicles and parts doInstruments and related products, -do

1.51

1.701.96.62.80.54

1.42.60.20.62

.38

.82

.18

.19

.60

.90

33, 308

17, 184961

2,8351,5221,859

2,3662,3014,4532,806

55716, 1245,577

3771,2631,3142.4491,433

710

2 3, 2962 7, 0022 4, 1672 3, 1402 2, 770

2 12, 932

2 1,3362 2, 0912 3, 095

3 57, 41933, 89123, 528

357,753

34, 3261,4925,8733,5283,8616,4864,9006,7992,4131,365 1

1.50

1.691.94.59.80.55

1.41.59.20.63

1.371.751.191.181.58.90

678

34, 774

18, 071947

2,9441,5861,877

2,5172,3984,8483,154

58316, 7045,832

3831,3781,3552,5681,451

772

2 3, 3132 7, 2582 4, 2422 3. 5712 2. 796

2 13, 594

2 1,3802 2, 0962 3, 215

^ 59, 73835, 56524, 173

•560,147

36, 0281,5445,9183.5333, 9996,9105,0557,3312,6101,468

1.50

1.681.93.59.80.54

1.41.58.20.63

1.371.751.191.181.58.90

687

36, 527

19, 5991,0693,3421,9052,019

2,7422,5855, 1653, 405

61416, 9285,961

4011,4521,3882,6321,478

80534, 942

18, 242948

3,1481,8071, 8662,4972 4614,8143 182

58216,7005 81 6

3751, 3791,3282,5151,482

752

3,4787, 1684, 1673, 6202,771

13, 738

1,4142,0343, 215

58, 99735, 48323, 51458, 706

35,1561,5065,8733,4943,8796. 6?74,9707,2372,5951,405

1.47

1.651.89.58.79.53

1.39.58.20.62

1.361.721.191.161.56.89

592

32, 744

17, 014999

2,7271,5431,785

2.3012,1794, 6793.060

52415, 7305,637

3901,2011,2542,3961,435

71235, 641

18, 746962

3,1591,8151, 9252,5302,5315,0563, 284

60016, 8955 820

3741,4051,3792, 6111, 462

793

3,4077, 2584,3813,7382,844

14, 013

1,4172, 1793, 292

58, 56835, 18723, 381

58, 884

35, 3461,4915,8313,4593, 9276,7124, 9687 3702,6361,416

1.50

1.701.96.60.80.55

1.41.58.20.64

1.361.771.171.181.57.90

605

33, 761

16, 8801,0352,7551,4541,990

2,3922,3643,6481,841

56916. 8815,797

4091,4271,3662,5261,475

73634, 736

18,160914

2, 8571,4791,8742, 5652,4334,9792,997

58816, 576

5 835393

1. 3641,3232, 5291,477

737

3,2877,2784,3513, 4062, 793

13, 621

1,4162, 3533, 252

58. 68135, 30123, 380

58, 917

35, 5071,5355,8283, 4553,9336,7595, 0097 3112,7311,434

1.51

1.701.98.61.8156

1.41.58.20.63

1.381 761.201.181 57.91

682

36, 028

18, 2781,0422 7881,4211,986

2,5952, 5594,5532,791

62517, 7506,241

3851,5151,4532,7361,456

79934, 672

17, 937938

2,7421,3921 8552,6102 3704,8973 155

16, 7355 916

3771. 4011, 3952, 5781 451

772

3, 2017, 3374,3143, 5732, 762

13, 485

1,3722, 1333,272

58, 83735. 37023, 467

59, 087

35. 5361,5515 8493,4963,8896 7634, 9977 3782, 6671,446

1.50

1.681.91.59.79.54

1.43.59.20.63

1.371 681.211.201.58.92

756

36, 821

19, 1801,0892,9281,4842,054

2,5442,5225,2683,544

61017, 6416,184

3831,5011,4272,6741,442

85635, 214

18, 590986

2,9041,4691 9432.6152 3855,1583 362

58916, 6245 870

3841,3631,3732, 5761 428

794

3, 2077,2884, 3763,7972. 933

13,613

1,3682,1673, 293

59. 02635. 30023, 72659, 322

35, 5811,5175 8613, 5003,9136 8005, 0437 2562,6691,454

1 52

1.711.95.60.80.56

1.44.59

20.65

1.39] 761.211.211 59.94

689

35, 377

18, 457960

2 8521,4681 881

2,4702,4845,2213,512

61016, 9205,983

3941 4561,3592,5091,424

76335 004

18, 272977

2,8921 5121 9132 5822 3694 9663 934

59416, 7325 961

3791 4001, 3662, 5781 409

781

3 1697 3824, 2863 6352, 907

13, 625

1 3562, 1323, 258

59, 44535, 35924, 08659, 780

35, 7041, 5355 9033, 5323,9176 8395, 0667 2202, 5951, 452

1 49

1 671.95

59.8056

1.37.5620

.62

1 371 751 181.201 58.94

789

34, 594

18 118798

2 7451,4051 807

2,5772,4905,2373,387

63616, 4765,913

3931 3561,3042,3691,521

78436, 021

18, 476953

2,9811 5701 9102 6522 4324 9093 123

59117, 5456 193

4031 4661,4152,6401 475

836

3 4737 6724,4353 5382,811

14, 092

1 4542,1693, 362

59, 73835, 56524, 173

60, 147

36, 0281,5445 9183,5333,9996 9105, 0557 3312, 6101,468

1 48

1 641 88

577754

1.37552062

3877201958

.92

683

34,110

17,595788

2 9671, 5911 777

2,4892,2544,9403,311

53716,5155,946

3331 3151,3022,5731,492

767

36, 677

19,1441 0183,0671 6051 9942 7372 4795 1173 297

60617,5336 247

3651 4651,3682,7031 455

815

3 5197 6864, 5663 7103,002

14,194

1 4692,2313,428

60,09435,87524,21959,991

35,9551,5395 9083 5193,9716 9265,0737 2722, 61 41,480

1 48

1 661 89

577854

1.40562064

r l 341 671 181 191 54.93

716

36 818

19 208842

3 1581 7151 911

2 7842 5935 3063 455

59917,6106,171

3391,4571,3982,7431,498

83636, 235

19, 027999

3 0341 6492 Oil2 6749 4635 0753 331

59317, 2086 049

3531 4051,3622 7351 474

836

3,3957, 4904,4833, 7283,119

14, 014

1,4682,1813,344

60, 48636, 17324,313

60, 108

35, 9451,5355 9143,5113, 9656 8695,0887 3592, 6631,477

1 49

1.671.91

57.79

54

1.40562064

r 1.361 761 171. 191 52.95

778

37, 069

19 471873

3 2231,7371 906

2,8962 5555, 2853 487

61117, 5986 120

3681 4771 4032 8031,421

83336 "9

18 887940

3 039

1 6151 9679 6962 5055 0183 310

60617,3356131' 387

1 4601 3632 7461 445

811

3 3877, 6074, 4453,7162, 967

14, 100

1 4762, 0953,409

60, 66136, 39424, 267

60, 326

36, 0791,5365 9723,5613,9786 8915, 0397 4'?52, 7021, 503

1.47

1.631.87.56.78.53

1.36.54.19.63

1.371 761 181.201.55.95

781

38 091

20 242987

3 3701 8431 989

2,9572 4985,6193 748

60917, 8496,101

3791 4631 4972,9921,484

90137 167

19 359952

3 1741 7191 9439 7389 5305 9313 468

61617, 808

6 <->0'')394

1 4721,4042 8271 520

873

3 4157 7664, 5723 8792, 916

14 619

1 4832, 2333,407

60, 80736, 60S24, 19960, 531

36, 2771, 5515 9543 5473, 971

6 9555, 0947 4462,7161, 527

rl. 46

"•1.63••1.90

r .57.79

r .54

1.34r .53

.19

.62

1.34r 1 71

1.16'1.17r 1.49'.94

r 804r37 465

'19 781r 1,017'3 318T 1,815r 1 975

' 2, 939' 2, 440r 5, 304r 3, 495

'604

' 17, 684' 6, 247

r 399r 1 428r 1 390r 2, 953T 1,501

'863r37 186

'19 138r 929

r 3 154r \ 732r \ 9Q6

r 2 782r 2 530r 5 056T 3 979

r 611

' 18, 048r 6 3'>5

r 3g9r 1 481r 1, 395r 2,818r i 546

'853

r 3 594r 7 865r 4, 618r 3 676r 2, 934

r!4 569

T 1 482' 2, 198r 3, 483

"•60,950r 36, 785'24,165'60,528

'36,300'1,579

6 014' 3 594r 3, 951

r 6 9635, 062

' 7 389' 2, 713' 1,540

1.46

1 631.90

57.7954

1.34.5319

.62

1 361 781 161.181 52.93

801

38 746

20 5931,0743 3221,7662 077

3,1012 6005,5133,615

63218, 1536,472

4261 5341 4692,8511, 524

92437 015

19 179944

3 0921 6441 9102 8262 4665 2?03 426

59717, 8366 317

3991 4591*4012 7341 516

861

3 4457 8714,5793 8442, 912

14 364

1 4612, 1853, 501

60, 68236, 79523, 88760, 377

36, 4711,5926 0213 6253, 9567 0285, 0677 4082, 7001,551

r Revised. 1 Advance estimate. 2 Based on data not seasonally adjusted. 3 Totaland components are end-of-year data, t See note marked "f" on p. S-4 of Nov. 1963 SURVEY.

§ See note marked "f" on p. S-4. <? See corresponding note on p. S-4.*New series. Represents estimated total value of durable goods products directly ex-

ported by durable goods manufacturers; data prior to Oct. 1962 are not available. t Revisedseries. Effective with the Dec. 1963 SURVEY, data reflect the following major changes: Intro-duction of the Annual Survey of Manufactures as the new benchmark, revision of sample de-

sign, refinement of industry reporting, expansion of industry groups published, and revision ofseasonal factors. In addition, data by market groupings are presented for the first time. Datafor shipments and new orders not seasonally adjusted are adjusted for trading day variation.Revisions back to 1947 and a detailed description of the current revision appear in the CensusBureau publication, "Manufacturers' Shipments, Inventories, and Orders: 1947-63 Re-vised."

9 Includes data for items not shown separately.

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

S-6 SURVEY OF CURRENT BUSINESS August 1064

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

End ofyear

1963

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

1964

Jan. Feb. Mar. Apr. May June July

GENERAL BUSINESS INDICATORS—Continued

MANUFACTURERS' SALESJNVENTORIES,AND ORDERS— Continued

Inventories, end of year or month — Continued!Book value (seasonally adjusted)— Continued

By industry group— ContinuedDurable goods industries — Continued

By stage of fabrication:Materials and supplies 9 mil .$__

Primary metals doMachinery (elec . and none lee.) ...doTransportation equipment do

Work in process 9 do.Primary metals doMachinery (elec. and nonelec.) doTransportation equipment _ .do

Finished goods 9 -doPrimary metals doMachinery (elec. and nonelec.)- do__ _Transportation equipment do

Nondurable goods industries, total 9 doFood and kindred products doTobacco products—. doTextile mill products do

Paper and allied products _ _doChemicals and allied products do_ __Petroleum and coal products do__Rubber and plastics products do

By stage of fabrication:Materials and supplies doWork in process doFinished goods . _ -do

By market category:Home goods and apparel doConsumer staples -doEquip, and defense prod., excl. auto doAutomotive equipment _ ._ doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:Consumer durables doDefence products doMachinery and equipment do

New orders, net (not seas, adj.), totalf ._ do

Durable goods industries, total doNondurable goods industries, total do

New orders not (seas adj.), totalf ._._ . _do _By industry group:

Durable goods industries, total 9 do

Blast furnaces steel mills _doFabricated metal products doMachinery, except electrical _.doFlectrical machinerv doTransportation equipment do

Aircraft and parts do

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

By market category:Home goods and apparel doConsumer staples doFquip and defense prod., excl. auto __do_Automotive equipment doConstruction materials and" supplies doOther materials and supplies do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment do

Unfilled orders, end of year or month (unadjusted),totalf mil $

Durable goods industries, total__ doNondur. goods indust. with unfilled orders©-do

Unfilled orders, end of year or month (seasonallyadjusted) totalf mil $

By industry group:Durable goods industries, total 9 do

Primary metals _doBlast furnaces, steel mills.. __do

Fabricated metal products... doMachinery, except electrical. doElectrical machinery doTransportation equipment _do

Aircraft and parts - do

Nondur. goods indust. with] unfilled orders©-do

By market category:Home goods, apparel, consumer staples.. -doKquip. and defense prod., inch auto doConstruction materials and supplies doOther materials and supplies do

Supplementary market categories:

Defense products do. _Machinery and equipment.. do

' Revised. l Monthly average. 2 Advance (ponents (inch market categories) are monthly averagjusted. fSee corresponding note on p. S-5. 91]rately. ©Includes textile mill products, leather a]

10,5712,3332,9681,782

14,1291,8165,0344,142

9,5931,7213,381

824

23, 4276,0802,3912,608

1,6883,6001,8091,138

9,7703. 304

10,246

5, 9559,515

11, 8283,0015,042

22,412

2, 7225,' 3438,098

33, 167

17,08516,082

33, 167

17,0852,7181,4001,8482,3642,2854,4841,342

16, 0824,124

11,957

3,2737,0004,1553,1622,767

12, 809

1,3252,0813,090

46, 242

43, 6662,576

46, 784

44, 0943,7612,0573,9446,3046.964

18,06213, 570

2,690

1, 73624, 7134,868

15, 467

1,19418, 1489,828

estimatees basednicludes cad prodi

10. 8792,2593, 0091,956

14, 8571,9015,2494,467

10, 2921,7583.707

908

24, 1190, 0282.3142, 886

1,8003,8181,7361, 157

9,7693,479

10, 871

6,3899,525

12, 3633,2455, 290

23, 335

2,9555,5838,539

35, 036

18, 30016, 736

3 35, 036

18, 3002,9591,5921,8862,5742,4104,9701,398

16, 7364,411

12, 325

3,3397,2574,3683,5782,803

13, 691

1,4042,1563,326

49, 149

46, 1932.. 956

49, 796

46. 6763,9302,1204,0627,0277,114

19, 36814, 446

3,120

1.98726, 1974,986

16, 626

1,40718, 72411,186

3Don new olatafor iicts, pap

10, 7662,2123,0281, 943

14, 6291,8775,1994,422

£,8471,7493, 510

847

23, 5505, 9522, 3892,661

1,7113,6671,8341,167

9,6793,328

10,452

6,0839,470

12,0423,2215,072

22, 818

2,8045, 5528, 245

35,833

18,86716, 966

34, 425

17,6822,6501,2771,9502, 5242,4374, 6981,151

16, 7434,301

12, 442

3,5027,1744,2043,4872,828

13, 230

1,4341,8993,292

49, 836

46,9292,907

50, 052

47, 2854,7372,9604,2046,6287,053

19,50714, 913

2,767

1,92426, 2484,942

16, 938

1,31819, 41910, 482

ata for trders notterns noer and a

10,8102,1983, 0831, 873

14, 7401,8085,2324, 566

P, 8521,7793, 512

859

23, 5386,0002, 3622, 6CO

1.7253,6941,8351,173

9,7183,354

10, 559

6,0059,525

12, 1493,2485, 076

22, 881

2,7975, 6478,317

32, 829

17,08915, 740

35, 207

18,2752,6051,2621,8752,6082,4145, 2461,678

16,9324,560

12, 372

3,4387,2634,3043,6462,919

13, 637

1,4162,3973,334

49, 916

47, 0042,912

49, 542

46,7454, 2202, 4174,1806,7116, 991

19. 43014, 880

2,797

1,95526, 0755,027

16, 485

1,32519, 34710, 549

otal andseasonal; shownlied pro

10,9812,2033,0891,C90

14,5911,8185,2234,4149, 9491,7423.575

869

23,4105,9172, 3412.G89

1,7283.7181.8521,164

9, 6943,364

10,648

6, 0409, 438

12, 1723.3315, 146

22, 790

2, 8555, 4968, 365

33, 779

16, 94616,833

34, 930

18,0602,4861,1981, 9502, 5292. 5685,0051,484

16,8704,490

12, 380

3,5817,2774,5923,4842,917

13, 079

1,4262,3573,307

49, 945

47. 0862,859

49, 552

46, 6953,8622, 1504,1916,7647,122

19, 48114, 819

2,857

1,98726, 4845,133

15, 948

1,31519, 39910, 650com-

lyad-sepa-

3ucts,

10,9172. 2323, 0012,012

14,5791, 8525.1724,468

10, 0401.7653, 587

898

23, 5515,9792, 3392, 668

1,7433,7221,8301,155

9, 6603,347

10, 544

6, 1499,447

12, 2493, 2685, 099

22, 875

2, 8655,5718,343

36,217

18, 50217,715

34,991

18,2442,7121,3711,8082,6082.2635.4301,754

16, 7474,495

12, 252

3,1777,3344,4243,5532,712

13, 791

1,3122,4663,415

50, 131

47, 3062, 825

49, 982

47,0703,8222,1024, 1246,7807, 062

19, 99815, 199

2, 912

1.98926, 6645,116

16,213

1,25419, 74610, 754

andpare zeandnand p

10, 8782,2512,9541,989

14, 6391,8455,2884,386

10, 0641, 7653,601

88123, 741

6, 0572,3172,800

1,7573.7341,7881.159

9,8443,344

10. 553

6,1799,502

12, 1893,2585.135

23, 059

2,9235,4908,395

36, 601

18, 88317, 718

35, 354

18, 6223,0131,5901,9102,6692,4105,0941,272

16, 7324,528

12, 204

3,1997,2984,0693,8062,938

14, 044

1,3791,9223,441

49, 902

46. 9992, 903

50, 140

47, 1693,8592, 1724, 1046,8847.058

20, 06015, 189

2, 971

1,97726, 4835,111

16, 569

1.31319. 62510, 931

rinting aro. 11>lated prolastics p

10, 8802,2562,9921, 960

14, 6481, 8825,2604, 363

10. 1761, 7653, 653

897

24,0766. 0602.3452. 895

1,7723. 7691,7951,167

9, 8263, 428

10. 822

6, 3219, 571

12,2773, 2005,189

23, 222

2, 9235,5028, 485

35, 174

18, 14017, 034

34, 953

18, 1132, 9641, 5291,8582,6172,4774,6801,189

16, 8404,635

12, 205

3.1367, 3714,2893,6112,807

13, 739

1,3871,9683,273

49, 696

46, 6843, 012

50, 132

47, 0763,9302,1934. 0596,9337,111

19,86914, 9853, 056

1,94526, 5025,017

16, 668

1,35219,429

10, 8792, 2593,0091,956

14, 8571,9015,2494, 467

10, 2921, 7583. 707

908

24, 1196, 0282.3142, 886

1, 8003, 8181,7361,157

9, 7693, 479

10. 871

6, 3899, 525

12. 3633,2455.290

23, 335

2,9555,5838,539

34, 045

17, 62316, 422

35, 619

17, 9742,9381,4561,9142,7412,4634,327

801

17, 6454,835

12, 810

3,5037,6824,1333,4752,723

14, 103

1,5141,4763,612

49, 149

46, 1932,956

49, 796

46, 6763,9302,1204, 0627,0277, 114

19, 36814, 446

3, 120

1,98726, 1974, 986

16, 626

1,40718, 724

10, 928 11, 186

nd publishing inc"or these industr)ducts, petroleum*oducts) sales are

10,8212,2332,9891,958

14,8281,8955, 3054,402

10, 3061,7803, 705

912

24,0366, 0522, 3572,846

1,7923,8721,7751,125

9,6663,452

10,918

6, 2429, 597

12,3033,2415,311

23, 297

2,9385,4668, 558

35,010

18, 55816, 452

37, 148

19,7403,1471,6412,0432,8082,6875,4331,730

17, 4084,531

12,877

3,4447,7004,9913,7282,967

14,318

1,4202,6733,617

50, 049

47, 1542, 895

50, 083

47, 0724,0222, 1684,0817,0697,153

19,72414, 723

3,011

1,90826, 534

4,95216,689

1,33819, 06211,326

ustries; iies (foodand coalconsider*

10, 7862,2322,9921,952

14, 8751,8985. 2514,499

10, 2841,7843.714

908

24, 1636. 1362,3742,8391,7923, 8941, 7861,127

9,6613,403

11,099

6,2319,730

12, 2883, 2995, 296

23, 264

2,9315, 4658, 524

37, 539

19, 92717, 612

36, 657

19, 4993,0741,6852,0182,7632,5745,1791,537

17, 1584,486

12, 672

3,4557,4954,6073,7143, 113

14, 273

1,5202,4013,413

50, 760

47,8632,897

50, 586

47, 6444,1692, 2814, 0997,0727,337

19,80514, 919

2,942

1,99426, 5984,967

17, 027

1,40819,36511,348

infilled cand kiiproduct

^d equal

10, 817c 2, 256

2,9731,967

15,0011,9265, 2534,539

10,2611,7903, 704

919

24, 2476,1952,3442,821

1,7973,9021,8011,129

9,6323,446

11,169

6, 2269,780

12, 3053,3475, 290

23, 378

2,9175, 4578,550

37, 508

19, 95117, 557

36, 547

19, 2623,1031,6752,0072,7712,5475,1641,421

17, 2854,552

12, 733

3,4447,5934,4953,7972,983

14, 235

1,5052,1773,455

51, 199

48, 3412,858

50, 697

47, 8054,0822. 2034,1907,1697,383

19, 82114, 990

2,892

2, 06126, 5555, 044

17, 037

1,44019, 36311, 442

>rders foridred prs, chemicto new o

10, 8302,2802, 9621,930

15, 1121,9025, 3614. 583

10, 3351, 7723, 726-933

24, 2546,1652, 3632, 789

1,7893, 9261, 7681,131

9,5343, 459

11.261

6,3139,782

12, 3703,3595, 352

23, 355

2, 9645, 4298. 673

38, 517

20, 66217, 855

38, 184

20,4613, 6412,0772, 0712,9382,5205,6071,605

17, 7234,678

13, 045

3,3967, 7564,8584,0403,038

15, 096

1,4852,3673,610

51, 626

48, 7642,862

51, 679

48, 8404,4852,5254,3117,3257,347

20, 29415, 305

2,. 839

2,01627, 0595,123

17,481

1.41019,61311, 622

other ncoducts,als and arders.

'10, 828' 2, 249

2, 989' 1, 928' 15, 127r 1, 970' 5, 348r 4, 523

' 10, 345' 1, 795' 3, 688

>-938

'24,228r 6, 137r 2, 353r 2, 768

r 1,801r 3, 935r 1.767

1,133

r 9, 528r 3 452

"•11,248

' 6, 296r 9, 745' 12, 361

'3 34°

' 5, 353'23,431

' 2. 938r 5, 394' 8, 677

-37,859

•-20,095r 17, 764-37,893

••19,945' 3, 175r 1, 727r 1, 968' 2, 956' 2, 571' 5, 538r 1, 646

'17,948' 4, 739

r 13, 209

r 3, 480' 7. 859r 5, 323* 3, 641'3,017' 14, 573

r 1, 492

r 2, 482r 3, 929

'52,018

'49,076' 2, 942

'52,004

'49,225' 4, 513' 2, 540r 4, 366' 7, 421' 7, 402'20,443'15,301

' 2, 779

' 1, 997'27,404'5,167' 17, 436

' 1,418'19, 670'11,931

ndurabl(tobacco iHied pro

c Corre<

10, 8972, 2453, 0271,938

15, 2081, 9715,3884, 515

10, 3661, 8053, 680

955

23, 90fi5, 9782, 3202, 763

1,8083, 903'1, 7351, 134

9, 4633 496

11,017

6, 2289, 552

12, 4883. 3385.377

23, 394

2, 9565, 4018,788

39, 200

21, 05818, 14237, 745

19,9123,4631,9331,9922, 9822,4605,3161,293

17,8334,740

13, 093

3,3857,8805,0083,8933,001

14, 578

1,4112, 1263,877

52, 474

49, 5432,931

52, 581

49, 7854,7982, 7484,4267, 5787, 428

20, 46115, 158

2,796

1,91227, 8245,204

17, 641

1,35419, 60712, 306

3 goods iiproducts1ucts, an2ted.

'.'.'.".'.'..'.

idustriesapparel

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

August 1964 SURVEY OF CURRENT BUSINESS S-7

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

GENERAL BUSINESS INDICATOR S— Continued

BUSINESS INCORPORATIONS d*Now incorporations (50 States and Dist. Col.):t

Unadjusted number

INDUSTRIAL AND COMMERCIALFAILURES <?

Failures total number-

Corn rnercial service _. doConstruction doManufacturing and mining _ doRetail trade doWholesale trade do

Liabilities (current), total thous. $_.Commercial service doConstruction doA'Tanufacturincr and mining doRetail trade do\Vhole^alc trade do

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

15, 171

1,315

112225215629134

101,1337,831

20, 29533, 33329, 14310, 531

i 60. 8

15, 534

1,198

114200201557126

112,7167, 425

19. 28046, 47524. 94714. 589

i 56.3

15,06015,536

1,211

120158206591136

86,1519,559

11,92530, 55220, 69713,418

57.8

15,95915,431

1,155

101180173590111

120, 5097,614

31, 35045, 95526, 4639, 127

57.1

1 5,27716,093

1, 135

108210187522108

65,2335,304

12,39418, 74819, 3419, 446

54.5

13,82415,689

1,051

113189167467115

85,9186,579

21, 52228, 14915, 64414, 024

59.4

16,80816,275

1,262

133207217578127

91,83410, 75812, 98132, 77723. 60311.715

59. 6

12,97515,759

1,115

129198186479123

262,1124,171

20, 325197,94226. 83212, 842

55. 1

15,47215,867

998

91198176433100

68, 4273, 764

13, 93522, 66216, 84911,217

51.2

18, 82516, 193

1,217

109201205570132

96, 7315, 721

22. 16629. 64927. 37611.819

53.9

15,49516, 086

1,241

109204211572145

123, 935

7,23814. 93326. 26022. 68052, 824

55. 3

17, 67616, 064

1,320

131210212625142

110,99911,68620, 77620, 76219,51532, 260

56. n

17,36516, 242

1,197

101201216554125

112,88410, 35527, 87230, 65028, 15115.856

51.3

16, 39415, 932

1,075

92179188501115

93,41910, 24514,68737, 78223. 291

7.414

49. 4

16, 85615, 797

1,157

123219146563106

144, 496

SO, 90915,3491 7, 95121,6948, 593

53. 2

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERSPrices received, all farm productsO-__1910-14=100._

frops doCommercial vegetables do

Feed grains and hay doFood grains do

Fruit _ .- _ _ d o _Oil-bearing crops doPotatoes (incl. drv edible beans) _ __.do _ _Tobacco do

Livestock and products doDairy products doMeat animals _ _ _ _ __ doPoultry and eggs doWool - do

Prices paid:All commodities and services do

Family living items. __do _ _Production items do

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

Parity ratio §£ . _ do

CONSUMER PRICES(U.S. Department of Labor Indexes)

All items 1957-59=100__Special group indexes:

Al l items less shelter _ _ _ _ _ _ _ doA l l items less food _ _ _ _ _ _ _ _ _ __do

Commodities^ doNondurables _ _ _ _ _ _ d oDurables^ _ _ _ _ _ do -

N e w cars. _ _ _ _ _ _ _ _ _ _ d oUsed cars__ _ _ . _. _ _ _ . __ do

Commodities less foodf doServices^ _ _ _ do

Food 9 doMeats, poultry, and fish doDairy products doFruits and vegetables do

Housing.. __ _ _ _ doShelter?* do

Rent - -- _ _ _ . _ _ doHomeownersbip* do

Fuel and utilities* doHousehold furnishings and operation* do

Apparel and upkeep* doTransportation do

Private doPublic. do _

Health and recreation 9* doMedical care _ _ doPersonal care _ _ _ _ _ _ „ d oReading and recreation do

244

231243

153226

296248157530

255253310145252

280294270

307

2 79

105.4

105 4106 1

103 2103 6101 8102 1115 2

102.8110 9

103 6101. 7104 1105.0

104. 8105 6105 7105. 6106. 1101.5

103.6107 2105 9115 4

109. 4114 2106 5109.6

242

237231

164224

279258157494

245253290146969

2832989 73

312

2 78

106.7

106 7107 4

104 1104 Q102 1101 5116 6

103.5113 0

105 1100.2103 8111.0

106 0106 9106 8107.0107.0102.4

104 8107 8106 4116 9

111.4I1 7 0107 ()111.5

241

244246

169215

3199 58149499

239231295134280

283298272

312

77

106.6

106 6107 3

104 0104 8102 0101 2117 7

103.3112 9

105 098.4

102 8115. 6

105 9106 8106 7106.8106. 7102.4

104 5107 4106 1116 6

111.4117 °107 8110.9

243

237238

170205

256181496

249940308138275

284299273

313

78

107.1

107 1107 5

104 6105 5102 1100 5118 1

103.5113 1

106 2100.2103 3118.7

106 0107 0106 7107.1106. 7102.4

104 5107 8106 4116 6

111.7117 3108 0111! 5

242

2321942 < 1168206

274955200479

250°513031429f>0

283298273

312

78

107.1

107 2107 6

104 6105 5102 1100 2119 0

103.6113 3

106 0101.4104 2114.2

106 0107 0106 8107.1106. 4102. 5

104 7108 3106 9117 1

111.9117 41()8 0112.1

242

939189276171213

264953161498

9509()92941499 56

283997273

311

78

107.1

1Q7 1

107 8

104 4105 3102 299 8

120 1

103.7113 5

105 4101.5104 3108.1

106 2107 1107 0107.2107.0102.7

105 4"*07 9106 5117 1

1 12. 1117 ^108 2112.3

242

935205

1()9

223

979964140495

2482699 861489g9

282297272

311

78

107.2

107 2108 1

104 5105 2109 7103 1120 0

104.2113 7

104 9100.4104 6106.3

106 3107 3107 1107.4107.3102.6

105 9TOO n

117 6

112.3117 7108 4112!?

242

9412502741582249 94971144490

943979979150965

282298971

311

78

107.4

107 4108 4

104 7105 4103 1103 2121 0

104.5110 Q

105 199.7

108.2

106 6107 71 07 9108.0107. 5102.7

106 1

117 6

112.4n 7 Q1 no A

112.8

237

941254264164226

303965144478

9342699Q0

146970

282298970,

311

76

107.6

107 5108 5

104 9105 6103 0102 1120 3

104.5

1 AC A

99.2

109.8

106 91 ns n

108.4107.6102.9

106 1

m o

112.7

108 8113.1

243

243270254166230

3002681 50488

249

965274154274

283298270

313

70

3 107.64 107.7

107 6108 4

104 91 AC 7

102 91 AO 0

119 6

104.3

1 O^ ft

98.3

112.4I AC Q

108.5107.7102.7

105 0

108. 0110 0

112.7

113.1

240

949986~ \249164229

9999631 56490

9Q7960969147281

283299971

qi q

77

3 107. 6107.6

107 5lAO A

104 &

1 AO A

m rj

104.1

98.3

113.9

inp> Qi ns °.

108.8106.8102.7

105 1

107. 2

112.9

113.3

239

941

259166215

9Q3''60

4. on

99-

9~Q

1449 At

28390S

3 107 8107 7

104.3

97 2

115.1

108. 9107.3102.8

108. 9107. 4

113.1

113.6

2369 43230267168225

316

191

9 3094°.-439 fix

136301

283

0"1

3 108 0107 8

107 7

104.3114.8

97 0104. 1115. 7

108.6107.4102. 9

1 A- C

109. 0107.6

113.4

114.0

235

948235271168218

^~'

%1

9949 6 3

1 31

282

3 107 9107 8

1 A,7 7

104.3114.9

96 6103.9115. 7

108.4107.2102. 9

109. 1107. 7

113.5

114. 1

232941240274168170

3019 46392489

294934264133299

282300969

313

74

3 108. 2108.0

lO'7 9ins 8

1 A K A

1 AO A

m 7

104.3

96.8104. 0120.2

108.7107.1102. 9

109. 2107. 8

113.5119. 3

114.0

234

234237274163162

272247307489

234040275139293

282'-{0/1

qi o

7K

T Revised. 1 Based on unadjusted data. 2 Annual data for 1961-63 for parity ratioadjusted for government payments made directly to farmers are as follows (unit as above):83; 83; 81. Descriptive material and annual data back to 1933 appear in the Dept of Agri-culture publication, "Agricultural Prices," January 1964. s "All items" index on oldbasis. i New series. Beginning Jan. 1964 the index reflects the following changes- (1)updated weighting factors and price data base; (2) improvements in statistical procedures;(3) a more comprehensive index, incl. single workers living alone, as well as families of wageearners and clerical workers; (4) expansion of the "market basket" from 325 to 400 items;and (5) increase in the sample of priced cities to 50 metropolitan areas and cities in the U Sincl. Alaska and Hawaii. The new series has been linked to the old series as of Dec. 1963to provide continuous series (see exceptions in notes "V' and "*"). More complete in-formation and data are available from, the Bureau of Labor Statistics, U.S. Dept. of Labor(Washington, B.C., 20210).

cFCompiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).t Re vised beginning Jan. 1963 (unadj. and seas, adj.) to incl. data for District of Columbia.

Seas. adj. data revised beginning Jan. 1962 to reflect new seas, factors. Revisions for Jan.-Dec. 1962, respectively, (seas, adj . ) are as follows (number): 15,599; 15,758; 15,670; 15,372;15,245; 14,947; 15,171; 15,056; 15,249; 14,892; 14,951; 14,985. ©Revised beginning 1961 to

§ Ratio of prices received to prices paid (incl. interest, taxes, and wage rates). IDatabeginning 1962 as shown here are not comparable with "old series" data formerly published.

9 Incl. data not shown separately. *New indexes.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-8 SUEVEY OF CUEEENT BUSINESS August 1964

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 196.3

Monthlyaverage

1963

June July Au?. Sept. Oct. Nov. Dec.

1964

Jan. Feb. Mar. Apr. May June July

COMMODITY PRICES—Continued

WHOLESALE PRICESd1

( U.S. Department, of Labor Indexes}Spot market prices, basic commodities:

22 Commodities 1957-59=100 _9 Foodstuffs do13 Raw industrials do

All commodities _- doBy stage of processing:

Crude materials for further processing doIntermediate materials, supplies, etc__.__doFinished goodsO do

By durability of product:Durable goods _ - doNondurable goods . . do

Total manufactures doDurable manufactures doNondurable manufactures do

Farm products 9 - - doFruits and vegetables, fresh and dried doGrains -_ doLivestock and live poultry do

Foods processed 9 -- doCereal and bakery products doDairy products and ice cream _ _ do_ __Fruits and vegetables canned frozen doMeats poultry and fish . do __

Commod. other than farm prod, and foods.do

Chemicals and allied products 9 ...doChemicals industrial - do _Drugs and Pharmaceuticals doFats and oils inedible doFertilizer materials doPrepared paint do

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

Furniture, other household durables 9 ---doAppliances household do _Furniture, household _ doRadio receivers and phonographs do

Hides skins, and leather products 9 _ do _-Footwear - doHides and skins doLeather do

Lumber and wood products _ _ do_Lumber do _

Machinery and motive prod. 9 ___ __doAgricultural machinery and equip doConstruction machinery and equip doElectrical machinery and equip doM^otor vehicles do

Metals and metal products 9 - - - doHeating equipment doIron and steel do

]\Tonmetallic mineral products 9 _ doCls?y products, structural do _ _Concrete products doGypsum products do

Pulp paper and allied products _ do. _ -Paper do

Rubber and products - _- do__ -Tires and tubes do

Textile products and apparel 9 doApp?rel - do —Cotton products - - do

Silk products - - do\Vool products do

Tobacco prod and bottled beverages 9 doBeverages alcoholic doCigarettes - - do- --

Miscellaneous - doToys sporting goods __ do

PURCHASING POWER OF THE DOLLARAs measured by —

Wholesale prices 1957-59=100..Coisumer prices - --- - do ,

1 93.089.895.4

100.6

97.1100.2101.7

101.0100.1

100.8101.3100.1

97.797.798.896.2

101.2107.6106.998.099.1

100.8

97.596.396.076.3

101.9103.8

100.296.8

102.8119.298.2

98.894.0

103.886.194.2

107.4108.6106.2108.596.596.5

102.3109.5107.898.4

100.8

100.093.299.399.2

101.8103. 5102. 6105.0100.0102.693.387.1

100.6101.5101.793 9

125. 999.1

104.1101.0101. 4107.3100.8

99.494.9

193.592.993.9

100.3

95.0100.5101.4

101.099.6

100.6101.399.8

95.796.1

101.988.8

101.1107.3107.5103.993.3

100.7

96.394.895.180.399.9

103.8

99.896.9

102.0122.897.2

98.191.8

104.682.89? 3

104.2108 384.0

101 998.698.9

102.2111.1109.697.4

100 0

100. 192 999.199. 1

101.3103.6101. 7105 499.2

102.493.890. 1

100. 5101.9100. 393 9

139'. 9100. 9

106. 1101.0104. 1110.4101.0

99.793.7

93.592.993.9

100.3

94.8100.6101.5

100.999.8

100.8101.2100.2

94.997.1

101.489.3

102.4107.0106.6104.694.1

100.7

96.395.095.280.6

100.8103.0

100.994.9

102.2120.399.9

98.191.9

104 .583.492.5

104.5108.285.8

102.598.399.2

102.0111.0109.697.799.3

100.093.399.098.7

101.2104 .0101.9105 .099.4

102.293.189.1

100.3102.099.793 8

148.0100.8

105.8101 .0105 .6108.1100.7

99.793.8

93.893 494 2

100 6

96.1100.6101 8

101.1100.1

101.0101.5100.4

96.897.099.594 4

102.2106 4107.3105 796 3

100.8

96.094.795.181.499.8

103 0

100.495.8

102.0121 298.7

98.091.7

104.581.591 9

104 3108 483 5

102 2101 6102.1

102.1110.9109.797.299.8

100.093.399.099.0

100.9103. 5101.2105. 099.0

102. 293.089.1

100.4102. 299.893 7

134.5100. 5

107. 5101.0105. 6110.4101.0

99.493.4

92 690 394 2

100.4

95.7100. 5101.4

101.299.6

100.8101.5100.0

96.392.598.593 5

100.9106 0107.9104 895 2

100.8

96.094.695.081. 796.9

103 9

98.996.2

101.9120 996.1

98.191.7

104.681.591 9

103 6108 480 5

100 1102 6102.7

102.1110.9110. 097.299.5

100.193.199.099.4

101.0103. 6101. 2105.899.1

102. 293.791.2

100.4102. 299.793 9

136. 6100. 6

107.5101. 0105.6111. 1101.2

99.693.4

93.091 494.1

100.3

94.8100.5101 5

101 199.5

100.7101 499.9

95.588.0

102.988 6

100 9107 0108 0105 394 2

100.7

96.094 594 981 397 2

103 9

99 097 2

101 8121 795.9

98.191 4

104 881.991 9

10^ 1108 477 399 599 9

100 7

102.2110.9110.197.299.3

100.393. 199.199.6

101. 1103. 4101. 3106. 199. 1

102. 293.491. 7

100. 5102. 399.994 0

130. 1100. 6

107. 5101. G105. 6111.8101.1

99.793.4

95.895 196.3

100.5

94.8100.9101.6

101.499.8

100.9101.7100.2

95.189.1

101. 888 0

102.2107 7107.4105 893 2

100.9

96.294 294.988 597.1

103 9

98 897. 7

101 4122 095.6

98.191 2

104 881.991 8

103 4108 480 599 599 299 3

102.3111.2110.497.499.9

100.993. 199.999.9

101.3103. 4101. 3106. 199.5

102. 894. 291. 7

100.7102. 5100. 294.2

126. 1100. 6

107. 5100. 9105. 6111.2101.1

99.593.3

95 793 497 3

100 7

95 1101.0101 8

101 5100 0

100 9101 8100 1

96 296.1

100 387 9

102 5107 3107 9106 491 7

100.9

96.394 °95 090 298 4

104 9

97 998 3

101 3122 393.8

98.191 2

104 881.891 8

103 5108 2

g9 7

99 799 299 3

102. 5111.4110.997.599.9

101.092.899.9

100.2

101.2103. 5101. 4106.199.4

102. 994.291. 7

101.1102. 3101. 394 4

130.5101. 6

107. 5100. 9105. 6110.9101.0

99.393.1

95 091 197 7

100 3

99 6101.1101 4

101 699 2

100 9101 999 9

93 394.8

101 879 9

100 4106 9108 1106 887 7

101.2

96.294 395 085 098 4

105 1

99 398 3

101 3124 896.1

98.091 1

104 781.7

1f\*} o

7A ^

QQ 9

102.6111.9111.297.799 9

101.392.7

100.0101.0

101.3

101. 4ion. i99. 4

93. 891. 4

101.2102. 3101. 594. 6

126. 3102.8

107. 5101. 0105. 0112.2101.1

99.792.9

95 591 598 5

101 0

95 1101.31Q9 1

101 7100 3

101 3101 9100 5

96 395.9

103 984 7

102 5107 0108 0107 291 8

101.3

96.394 395 483 199 4

105 1

99 598.3

101 3124 H96.6

98.491 5

105 081.590 9

102.7108 376.199 599.099.2

102.5112.1111.896.999.8

101.792.0

100. 2101.4

101. 1103. 5101. 2106. 199.8

103. 193.791.3

101. 210°. 3101.394.7

121. 6103. 2

107. 6101.0105. (5112.6100. 9

99.092.9

94 488 998 5

100 5

94 0101.2101 6

101 899 5

101 1102 1100 0

94 597.9

102 082 8

100 9107 4107 5107 488 9

101.2

96.494 295 383 2

100 2104 fi

99 098 1

101 3126 895.3

98.591 8

105 081.590 9

102 5108 274 099 799 9

100 3

102.5112.5111.896.999 8

101.891.8

100.2101.7

101.2103.8101.0108.699.9

103. 193.691.3

101.2102.3101.295 1

116.8103. 3

107.1101.0105. 6110.9100.9

99.592.9

94 387 998 9

100 4

94 3100.9101 5

102 099 2

100 9102 299 6

95 2104.999 i83 8

100 5106 8107 31 07 ^

88 7

101.1

96.5Q4 A.AC 9

inn 9

97 097 199 4

123 292.9

98.591 7

105 081.5

102 5108 275 799 g

101 0101 4

102.7112.6112.097.099 9

102. 092.1

100.2102.8

101.1103.9100. 7108. 699.3

103.593.991.3

101. 2102. 3101.195 5

116.6103.3

107.1100. 7105. 6109.8101.1

99.692.9

96 388 2

102 4100 3

94 2100.9101 3

102 298 9

100 9102 499 4

94 4105.9103 382 4

100 4107 8107 1107 388 3

101.1

96.694 495 487 3

100 2104 8

96 195 0

101 3120 491.1

98.691 6

105 281.591 2

104 5108 388 1

102 0101 8102 0

102.9112.7112.297.799.9

102.292.1

100.2104.0

101.3104.5100.6108.699.1

103.693.189.2

101.1102. 3100.595 5

116.4103. 2

107.1100.7105. 6109.5100.5

99.792.8

95.387 9

100 9100 1

93 5100.6101 3

102 498 4

100 8102 699 0

93 7107.4103.281 2

99 4107 5106 6106 386 9

101.1

96.794 595 588 6

100 2104 8

96 495 1

101 3116 692.2

98.691 6

105 381.591 2

104 7108 385 7

104 5101 8102.2

103.3112.7112.397.7

101.2

102.192 0

100.3103.9

101.3104.5100.6108.698.7

103.792.688.0

101.2102. 799.696 0

116.4102. 8

107.3100. 7105. 6107.2100.5

99.992.8

95 287 0

101 4r 100 0

99 4' 100. 3r 101 7

r 109 398 4

100 8r 1Q9 4

99 1

93 2113.189 882 3

100 2107 9

r 107 1106 190 2

r 100. 9

96.594 394 693 2

100 2103 9

96 3r95 3100 9

r H6 0

92.3

98.5r 91 9

105 381.591 2

r 104. 81C8 390.3

103 3101.4101.8

r 103. 0112.7112.3r96. 5101.1

102. 3'92.4100.4

r \ 04. 0

101.4104. 5100.8108.698.7

1C3.791.688.0

101.0102.898.79fi '>

* 11 7.0102.8

107.4100. 6105.6106. 7100. 9

2^100.0292 .6

95 886 8

102 5100 4

93 7100.5102 0

102 398 9

101 1102 599 7

94 1109.185 787 7

101 2108 6107 2105 393 3

101.1

96.694 394 695 6

101 1103 9

96 796.0

100 6119 692.' 5

98.591 3

105 382.090 3

105.3108 492.6

104 7101.2101.5

103.0113.0112.396.5

101.2

102. 592. 0

100.7104.4

101.5104. 5100. 9108. 698.7

103. 791.888.0

101.1103. 298.596 1

117.0102. 6

107.4100.6105. 6107.4101.0

2 99. 6

r Revised i Figures are for the month of June. 2 indexes based on 1947-49=100are as follows: Measured by—wholesale prices, 83.9 (July); 84.2 (June, revised): consumerprices, 75.5 (June).

actual wholesale prices of individual commodities, see respective commodities.O Goods to users, including raw foods and fuels. 9 Includes data not shown separately.

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

Aususl l.%4 SUEVEY OF CUERENT BUSINESS S-9

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE f

New construction (unadjusted), total t _ ._mil.$._

Private, total? doResidential (nonfarm) 9 do

New housing units _ doAdditions and alterations do

Nonresidential buildings, except farm andpublic utilities total 9 mil $

Industrial _ _ _ do _Commercial 9 do

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

Public total doNonresidential buildings doMilitary facilities doHighways doOther types do

New construction (seasonally adjusted at annualrates) totalf - --mil. $ _

Private total 9 - do

Residential (nonfarm) doNonresidential buildings, except farm and

public utilities, total 9 mil. $._Industrial _ . do..Commercial 9 do

Stores, restaurants, and garages doFarm construction. do___Public utilities do

Public total 9 do

Nonresidential buildings _ doMilitary facilities do-Hi gh ways do

CONSTRUCTION CONTRACTS

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

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

Public ownership _ _ mil $Private ownership _ _ do .By type of building:

Nonresidential doP>esidential do .Public works doUtilities do

Heavy construction:New advance planning (ENR)§ do

Concrete pavement awards:^Total thous. sq. yds..

Airports do"Roads .__ doStreets and alleys . _ _ doMiscellaneous do

HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

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

Privately owned do

Total nonfarm (public and private) doIn metropolitan areas do

Privately owned do

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

New private housing units authorized bv bldg. per-mits (12,000 permit-issuing places):**

Seasonallv adjusted at annual rates:Total..' thous..

One-family structures do

CONSTRUCTION COST INDEXES

Dept. of Commerce composite^ 1957-59=100. _American Appraisal Co., The:

Average, 30 cities. 1913=100...Atlanta ... doNew York _ . doSan Francisco doSt. Louis _. do

Associated General Contractors (building only)1957-59= 100. _ !

4,954

3,4752,0241,5530)

960246413199107360

1,480429102532418

259, 453

41,695

24,292

11,5262,9494,9552,3851,2824,318

17, 758

5,1451,2226,378

3,4423 120

1,1332,309

1,0841,503

659196

1,766

9,483477

6,2172,789

124.483.0

121.9

122.487.7

119.9

2 1,2292756

107

756832836720741

111

5,204

3,6482,1541,6720)

988247433189106374

1, 557460

(J)556430

262,451

43, 772

25, 843

11,8592,9625,2002,2681,2664,494

18, 679

5,5240)

6,670

3,824133

1,2292,594

1,2121,716

683212

2,770

10, 053482

6,4113,160

134,883.8

132.2

132.594.8

130.0

2' 1, 3352r 750

109

780857858761760

114

5,785

3,9742,4951,825(i)

947227417185107395

1,811518141694458

62, 080

43, 175

25, 786

11, 2432, 8254,8282,0301,2674,543

18, 905

5,6491,5006, 732

4,402135

1,3843,019

1,4581,966

812167

2,072

9,793357

5,6493,788

157.3100.4153.4

155. 5109. '2151. 6

1 5711 554

1,363771

109

778852851762754

114

5,780

4,0342 4701,919(i)

1 010234451210117404

1, 746482131652481

62, 265

43, 693

25, 843

11,6102,8965,0442,1951,2674,619

18, 572

5,3581,4896,521

4,125126

1,3192,805

1,2711,934

742178

2,416

13, 661973

7, 5925,097

152. 398.2

150.2

150.7105. 2148. 6

1 5881 573

1,308735

110

782856851770754

115

63, 653

44,305

25, 752

12, 2193,0055,4492,4711,2664,704

19, 348

5,4441,5836,973

4,061132

1,3182,744

1,3221,883

675182

2,976

9,399184

5,6133 603

147.995.8

144.4

145.5100. 4142.0

1 4551 434

1,262726

110

786862867774762

115

63, 530

44, 633

25, 953

12, 5333,0495,6712,6111,2654,540

18, 897

5,6380)

6,600

3,707128

1, 1542,552

1 , 1541,789

662102

2,666

8,142254

4. 9682 920

147.392.9

145.3

144.1103. 7142.1

1 7321 697

1,372771

110

788862869775759

115

64, 966

45, 365

26, 584

12, 4313,0855,5182, 4771,2644,772

19, 601

5,815(i)

7,145

4,313146

1,3212,992

1 3312,028

748206

3,600

13,033189

8 1394 706

166.11C2. 7163. 1

162. 8116.5159.8

1 8471 807

1,412756

110

790863872778765

116

65, 072

45, 488

27, 000

12, 4803,1365,4692,3351,2614,473

19, 584

5,803(0

7,254

3,749144

1 1572,592

1 0821 519

704444

4,484

8,164199

5 1152 850

121.271.9

119.4

118.883.9

117.0

1 5641 533

1,369736

110

791863872778774

116

65, 193

45, 778

26, 896

12, 5923,1585,5152,3331,2614,753

19, 415

6,0750)

6,713

3,413148

1,1552,257

1 1021,325

699356

2,656

10, 389176

8 1772 037

96.850. 595.1

94.575.592.8

1 5641 518

1,426699

111

792863874778776

116

4,579

3,2581 8131,451(i)

1,01526843416898

312

1,321435

(i)397392

64,684

45, 440

26, 907

12, 4763,0605 4992,3301,2584 547

19 244

5 761(i)

6 685

3 346'l47

1 1982 149

1 1581 372| 816

6, 577

10,891256

4 g 4644 2 095

4 76

100.855.399.6

99.56 75. 0

98.3

1 7181 688

1.314710

111

792863884778779

117

4,177

3,0211 6261,316(i)

99326442516395

286

1,156429

(i)266376

65, 528

46, 274

27, 600

12, 5813,0585, 5462,3001,2544,547

19, 254

6,171(i)

6,169

3 201143

1 0412,160

1 0821 427

692

3,986

6,820225

5 1591 197

24Q

101.163.7

100.3

98.573.897.7

1 6571 613

1,405792

111

793870884780779

117

4,643

3,3251,9081,477(i)

98125742416796

317

1,318464

(i)351413

66, 509

46,923

28, 123

12, 7283,0745,6682,3511,2534 518

19 586

5,993(i)

6,796

4 215140

1 3392,876

1 2521 991

972

2,664

9,057836

6 9561 046' 219

133.382.2

130.1

131.596.6

128. 3

I CflO

1 638

1.384772

111

79387O

8847so77Q

117

5,098

3,6382 1881,610(i)

96325141115595

366

1,460525

(i)384454

66, 615

46, 449

27, 538

12, 6613,0765 5612,2931,2524 660

20 166

6 2590)

7 068

4 359138

1 3183,042

1 4202 006

933

3, 165

12, 997611

9 8612 402

124

152.3'90.7148.5

149.5r 102. 5

145.7

1, 2,56704

111

79487H

884.

117

r 5, 483

r 3, 895r2 345' 1, 703

(i)

1 01725444217599

'404

1 588517

(i)481477

'64,983r45 780

r 26, 678

12, 7563,1495 5422,2521, 250

r 4 746

r!9 203

r 6 040(i)

6 410

4 639138

1 5353 104

1 369

9 050

1,227

3,190

10, 831240

7 7142 716

161

157.799.7

154.7

155. 4* 112. 6

152. 4

1,246721

112

798

884.

78R

118

r 6, 152

r 4, 192r 2 553T 1 859

(i)

1 086258480207106

r 411

r 1 96()

r 596

(1)

710532

r66 183

r45 660

>• 26, 389

12, 9003 2045 5622,2681 247

r 4 709

r20 523

r 6 511

(1)6 888

4 504138

1 4913 013

1 4001 996

1,108

3,143

9, 463270

6 4742 481

238

158.0

154.9

155. 1113. 5152 0

1,306727

112

800

884.

119

6 056

4 2'749 598,

1 9530)

1 129266496217115411

1 832550

(i)

O(i)

65 501

45 878

26, 456

13, 0213 2925 5592,2671 2424 716

19 623

6 115(i)m

4, 823

112

806

OQ'i

119r Revised. i Not yet available; estimate included in total. 2 Annual total (also for

breakdown of new construction value). 3 Computed from cumulative valuation total.4 Prior to 1964, "miscellaneous" yardage was included with data for roads and streets.5 Effective Jan. 1964, based on 1963 definitions of metropolitan areas; not strictly comparablewith earlier data.

t Revised series. Revised annual totals back to 1946 appear in Construction Report C30-60;revised monthly data back to 1946 will be shown in a Supplement to be issued later by theBu. of the Census.

9 Includes data not shown separately. AM on thly averages for 1962 are based on annualtotals including revisions not distributed by months.

§ Data for Aug. and Oct. 1963 and Jan., Apr., and July 1964 are for 5 weeks; other months 4weeks. Comparable data prior to 1961 not available.

cTData for July, Oct., and Dec. 1963 and Mar. and June 1964 are for 5 weeks; other months,4 weeks.

* New series (from Bu. of Census reports, Series C-20). The 12,000 permit-issuing placescovered by these data account for a major portion (about 83 percent) of private residentialbuilding in the United States (1959-63 data for 10,000 places are also provided in Series C-20reports).

t Revised to 1957-59 reference base; also reflects revision of basic data.

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

S-10 SURVEY OF CURRENT BUSINESS August 1064

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

•Tune July Aug. Sept. Oct. Xov. Dec.

1964

Jan. Feb. Mar. Apr. May1

June | July

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES— Con.

E. II. Boeckh and Associates, Inc. :1Average, 20 cities:

All type s combined 1957-59 = 100_ _\partments hotels office buildings doCommercial and factory buildings do_ -Residences do

Engineering News-Record:Building -. 1957-59 = 100.-Constructlon -- -do

Bu. of Public Roads— Highway construction:r^/-vmT->rtoifo fciTrer fnr n f r '\ IQW 5Q — 100

CONSTRUCTION MATERIALS

Output Index:Composite, unadjusted 9 1947-49=100..

Iron and ptoel products, unadjusted doLumber and wood products, unadj doPortland cement unadjucted _do

REAL ESTATE

Mortgage applications for new home construction :Applications for FIT A commitments

th on s. units _ _

Requests for V A appraisals. _ _ doSeasonally adjusted annual rate . rto--..

TTome mortgages insured or guaranteed by—"Fed TIous Adm * Face amount mil $Vet Adm * Face amount^ do

Federal Home Loan Banks, outstanding advances

Now mortgage loan s of all savings and loan associa-tions estimated total mil. $_

By purpose of loan :Home construction doHome purchase doAll other purposes do_ _ -

New nonfarm mortgages recorded ($20,000 andin er; , t . - number

Fire losses (on bldgs., contents, etc.) mil. $__

107.8108.8107.8106.3

110.1114.7

2 98. 6

134. 5

131.6134. 6167.6

18.4

14.3

439. 24221.01

3 3, 479

1,730

498710521

2,8497,204

105. 42

110.2111.3110.2108.5

112.7118.6

2 101. 0

142.9

140.7140.5] 70. 1

15.8

11.6

464. 09253. 76

3 4. 784

2.061

586827648

3,0778,183

117. 13

110.3111.4110.3108.5

112.0118.3

99.6

151.5141.fi

162. 0133.7209. 3

17.5195

11.8100

419.35225. 60

3.270

2, 242

638936668

3,1778,059

106. 68

110.7111.8110.7108.8

113.1119.6

151.1156.9

162. 1128.6220.1

17.1182

11.91 09

511.16265. 14

3, 548

2,341

6191,003

719

3,5158,347

100. 93

110.811°. 0110.8109. 1

114.2120.3

161.7147.0

165. 8149. 2224.0

16.41 72

13.3

507. 7627S. 14

3.758

2, 428

6231,071

734

3,5258,463

113.73

111.2112.3111.2109.6

114. 2120. 3

101.7

152.4146. 2

147.2147.4207. 5

14.8173

11.3i <tn

505.002(37. 35

4,024

2.196

642928626

3.1777.898

98. 35

111.3112.4111.2109.7

114.6120.6

163.8144.7

154.9160. 7219.1

15.0176

11.2

567. 53316.01

4. 226

2. 387

685977725

3,5348,461

109.52

111.4112.5111.4109.8

114.3120.3

135.8142.4

126.0137.6181.7

11.41908.3•t if

444. 50258. 21

4,290

1,856

502757597

2,8807,959

94. 91

111.5112.6111.5109.9

114.4120. 4

103.4

122.2142.3

113.3130.2143. 5

10.31839.1

486. 68255. 35

4,784

2,118

620776722

2.9877,931

113. 12

111. 9113.0111.9110.2

114.6120.8

127. 213t\ 3

118.4142. 6113.2

11.51789.1

543. 00267. 77

4.414

1,716

434696586

2,7588,530

139. 33

111. 9113.1111.9110.3

114.6121.1

129. 8147 9

122.7141.9118.0

14.41939.4

439.85201.31

4,216

1.712

474674564

2,5758,097

118.85

111.9113. 1111.9110.3

115.0121.4

10'> o

149. 8156 0

151.1158.0147.7

19.0190

11.3

4*3. 39208. 70

4.168

2, 071

621784666

2,9358,711

126.45

112.3113.4112.3110.7

115.3121.9

158.8r 155 9

r 168. 7r 158.0

176.4

18.7190

11.1111

483. 07206. 20

4,444

2,081

579831671

124. 93

112.9114. 1112. 9111.1

115.6122. 3

158. 6147 7

164.4154. 6205 9

15.81739.5

99

456. 89192. 02

4,395

r 2. 145

r 597

'881r667

105.98

113. 6114 8113. 6111.8

116.2123.1

qq 3

17.9177

10.8103

570. 30232. 60

4, 769

2, 401

6301, 053

718ii

108. 56

1 116.61 124. 3

15.2169

10. 7ri9

616. 55

DOMESTIC TRADE

ADVERTISINGPrinters' Ink advertising index, seas. arlj.:i

Combined index 1957-59=100..Business papers . do ...Magazines - do...

Newspapers.. .. -- - .-do.. .Outdoor __ _ -do"Radio (network) _ _ _ _ _ _ _ _ _ .-do. .Television (network) ._ do

Television advertising:Network (major national networks):

Gross time costs, total. _ mil. $._Automotive, fnc l . accessories do"Drues and toiletries _ _- . . . .-do. _.Foods, soft drinks, confectionery _-do

Soaps, cleansers, etc doSmokine materials doAll other do

Spot (natl. and regional , cooperating stations):Gross time costs, total . ._ mil. $ _ _

Automotive, incl. accessories. doDrnsjs and toiletries ... - .. - doFoods, soft drinks, confectionery -do

Soaps, cleansers, etc -_ do. _.Smokine materials. doAll other. _. — _ _ d o ...

Magazine advertising (general and natl. farm maga-zines) :

Cost, total mil .$__Apnarel and accessories. doAutomotive, incl. accessories doBuilding materials. _ _doDrues and toiletries _ doFoods, soft drinks, confectionery do

Beer, wine, l iquors. _ __ doHousehold equip., supplies, furnishings. .doIndustrial materials do _ _ .Soap*1, cleansers, etc _ . . doSmoking materials.. _ ._ . ...doAll other . do._ .

113108119

1028875

118

2199.72 13. 1263.3239.5220.9222.2240.8

2 180. 32 5 . 9

236.12 60. 4

221.1

2 7.42 49. 4

73.04.67.92.37.1

10.6

4.54.93.7.8

2.823.8

118112127

968895

144

2 208. 22 14. 62 69.6^39.9

221.92 23. 92 38. 4

2 217. 828.1

242.8

2 22.92 9. 7

77.64.88.52.28.0

10.4

4.75.53.71.03.025.8

118110129

948796

144

207.213.967.838.3

22.023.042.3

223. 19.1

39.072. 4

25.711.265. 6

74.8

7.32.68.7

10.2

5.15.74.01.03.4

24.0

120114132

9888

102143

57. 0.9

4.71.57. 19.0

4.24.23.0

2.819.0

119109127

9781

118147

54. 55 13.81.46.47.8

2 92.83.0

72.7

17.9

124115131

10379

106151

200.813.367.939.1

22.624.233.8

185.37.6

34.960. 2

22.48.6

82.19.16.13.08.08.9

4.25.84.51.03.0

28.4

119113127

95101101142

99. 67. 0

14.82.29.9

12.4

5.58.45.11 43.3

29.6

114113131

908386

125

103.25 7

12.71.8

10 813.6

6.97.75.51 43 9

33.2

124117134

10685

106146

220. 816.372.343.0

21.625.042.6

242.98.4

48.782. 3

20.310.173. 1

77 23 95.91.59 9

11.0

8.84.42 8

43 8

24.8 '

120112126

1027978

151

54.02 07.0.9

6 29.0

1. 72.71.8

72 4

19.7

123108128

1038784

160

73 03 39.11 88 0

10.9

3 33.63 1

93 1

26.0

r 123113133

999183

r 15g

224 115 274 545 3

24 428 036 8

86 76 79.82 39 1

12.8

4 25.63 41 02 g

28^9

125108128

10710476

160

93 37 5

10.63 58 6

n!s4 57.14 99 19 7

30.0

~"

102 76 3

11.53 69 8

12! 9

5 9

9.65 41 93 9

33^2

83 52 o8.93 09 C

11.6

4 0

7, 74 C

3 7

26.3r Revised. i Index as of August 1, 1964: Building, 116.9; construction, 124.7.2 Annual average ba^ed on quarterly data. 3 End of year.^Copyrighted data; see last paragraph of headnote, p. S~l.

9 Includes data for items not shown separately.§ Data include guaranteed direct loans sold; these became sizable after 1962{Revisions for Jan. and Feb. 1963 are available upon request.

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

August 1964 SURVEY OF CURRENT BUSINESS S-ll

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

DOMESTIC TRADE—Continued

ADVERTISING— Continued

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

Classified do

Display, total doAutomotive doFinancial doGeneral -•- doRetail - - do._

RETAIL TRADE

All retail stores:Fstimated sales (unadj ) total tnll. $

Durable coods stores 9 _ _ doAutomotive group do

Passenger car, other auto, dealers doTiro, battery, accessory dealers do

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

Lumber, building, hardware group doLumber bldg materials dealersd71 doHardware ^tores do

Nondurable goods stores 9 do _Apparel group _ _ -do_ _.

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

Drug and proprietary stores doFating and drinking places _ do_Food group do

Grocery stores _ _ __ do.Gasoline service stations do__

General merchandise group 9 doDepartment stores doMail order houses (dept. store mdse.) .doVariety stores _ _ do__

Linuor stores do

Estimated sales (seas adj ) total J do

Durable goods stores 9 doAutomotive group do

Passenger car other auto dealers doTire battery accessory dealers do

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

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

Nondurable goods stores 9 doApparel group do

M"en's and boys' wear stores doWomen's apparel accessory stores doFamilv and other apparel stores doShoe stores do

Drug and proprietary stores doFjating and drinking places doFood group do

Grocer v stores doGasoline service stations do

General merchandise group 9 doDepartment stores doMail order houses (dept. store mdse.). doVariety stores do

Liquor stores do

Estimated inventories, end of year or month:fBook value (unadjusted), total mil. $...

Durable goods stores 9 __ _ _ _ _ _ _ doAutomotive group doFurniture and appliance group doLumber, building, hardware group. ..do

Nondurable goods stores 9--- doApparel group. ._ doFood group _ _ _ d oGeneral merchandise group do

Department stores* do. - - -

Book value (seas, adj.), total _ doDurable goods stores9 do

Automotive group doFurniture and appliance croup — _ _ do_ __Lumber, building, hardware group- -do

r Revised. 1 Advance estimate. 9 Includesprises lumber yards, building materials dealers, and

{Revised (back to Jan. 1953) to reflect use of ne^for trading day differences. Revisions for period1963 Census report, "Monthly Retail Trade Repor

233.260.5

172. 712.44.8

25.1130. 3

19,613

6, 2453, 5663,344

222

901583318

947728219

13,3671,195

228456301209

6691.4424,8014,3441 , 554

2, 2671.320

163371450

27, 07111,4724,7781, 8612,264

15, 5993, 4053, 3954, 4952,266

27, 93811, 7284, 8611,8992,349

data notpaint, pv seasons not sht, Adjust

238. 062.5

175.612.54.9

23.8134.3

20, 536

6, 6753,8303, 600

230

968622346

964743221

13, 8611.205

232466300207

6811,5064, 9294, 4631,614

2, 3881,390

177385472

27 82611, 7225,1461, 8582,231

16, 1043,4773, 5464, 6292, 395

28, 69111,965

5,2241,8942,314

shownlumbingil factorsown hered Sales

243.167.5

175.614.14.9

25.5131.0

20, 737

7.0444,1263, 865

261

933599334

1,050819231

13, 6931,127

239421265202

6641. 5924, 9574, 4831, 659

2,2661,340

141357450

20, 486

6,6303,8433,607

236

935611324

962750212

13, 8561,179

222471287199

6741, 5114,9234, 4561,584

2,4091,414

174389475

28, 04111, 8965,1471,8522,362

16, 1453. 3963, 6564,7712,392

28, 12411,6144, 8691, 8592,318

separate]and elecand nevse appeal

Supplei

212.563.6

148.911.65.5

19.2112.6

20,540

6, 9764,0033, 746

257

965608357

1,100876224

13, 5641,010

200390241179

6601, 6465. 0034, 5021,712

2, 1081,212

148341474

20, 719

6,7733, 9403, 709

231

979613366

958746212

13, 9461,214

239475298202

6741,4975, 0304,5401,602

2,4151,403

185385481

27, 95711,8375, 1291,8402,322

16, 1203, 3993, 5464.7722, 414

28, 25911, 6734, 9221, 8622,299

y. tf.trical st(T adjustn* in thenent."

231.166.8

164.311.23.7

18.7130.7

21,018

6, 5563, 5293, 288

241

992651341

1.138911227

14,4621,167

209446300212

6801, 0985,3184. 8281,730

2,4441,408

183390489

°0 666

6, 50'>3, 7333,512

221

939611328

992771221

14, 1041,259

247480323209

6851,5194,9964,5271, 612

2, 4751, 452

189387476

27, 57511, 1054, 2811, 8882,313

16, 4703,6293,4864, 9592,518

28, 14811, 6044,8101, 8922,318

2om-jres.oentsJuly

246.765.0

181.712.74.7

26.2138. 1

19, 267

5,9992, 9902,779

211

980647333

1,055842213

13, 2681, 161

203448296214

6471, 5264, 6844, 2381, 599

2,2751,340

172354437

20, 426

6, 6063,7173,495

222

985648337

975761214

13,8201,204

238465303198

6881,4704,8974,4411,605

2,3901,386

181386466

27, 89410, 8804,0981, 9042, 299

17,0143, 8583, 5305, 2552, 704

28, 14711, 6054,8901,8742,322

fReTradelier pe

*Ne

267.765.9

201.816.05.5

28.9151.4

21,528

7, 5994. 3874,148

239

1. 095719376

1.119897222

13,9291. 191

218472304197

6671, 5564, 9104, 4491,649

2,4171,404

197378466

20,716

6,9413,9803,748

232

1,028666362

986764222

13,7751,150

217451286196

6831,5304,9434,4841,618

2, 3031 321

173390478

29, 13411, 4004.4881,9682,273

17, 7344, 0063.6605 6282,953

28, 35711,6644,9591,8962,301

vised serbench m

riods apr.w scries;

258.461.8

196.613.04.7

25.8153.1

21, 494

6, 9853, 9493,712

237

1,077703374

1,002771231

14,5091,308

254509343202

6661,4865, 1534, 6891, 625

2.7281,590

248414510

°() 558

6, 7343,7913, 556

235

986640346

994754240

13, 8241,186

224463294205

6771,5064,9734,5121,638

2,3551, 355

183381473

29, 98911,9104,8461,9992,283

18, 0794, 0443, 7005, 7533, 036

28, 65111, 8565.1011,9042,320

ies. Rark dataear on p]for earlie

260.653.8

206.78.75.3

24.0168.8

25, 104

7,2083, 6903,377

313

1, 333790543

918610308

17, 8962, 172

471834572295

9061, 5335, 1944,6791,713

4.3992,625

307793724

21,019

6,8313,9353,685

250

1,021637384

952716236

14, 1881,250

239482307222

6941,5284,9914,5231,681

2,4741,457

184397483

27, 82611,7225, 1461, 8582,231

16, 1043,4773, 5464,6292, 395

28,69111,9655,2241,8942,314

e vised t(and to i

X 16-19 or periods

210. 659.8

150.810.66.8

18.2115.2

19, 154

6, 0313, 6773,488

189

905584321

712536176

13, 1231, 026

208407234177

6711,4365,0184,5581, 566

1,8721,094

140289433

21,000

6, 8553,9513,711

240

1,019671348

949730219

14, 1451,250

231497302220

6941,5805,0314,5481,638

2,4811,464

181410471

r 28,01812,0185,4391,8242,248

r 16,0003, 4433. 549

«• 4, 602r 2, 400

r 29,03012, 1095,2811,8922,330

) take aeeflect nef the Decback to

210.460.9

149.512.14.2

20.8112.3

18,758

6,1223, 6843, 505

179

920600320

709542167

12,636927176375220156

6561,3864, 8494, 3951,480

1,8751, 069

146313427

21,533

7,2624,1623,925

237

1,073707366

1,007779228

14,2711, 291

246505326214

6661,5934, 9914,5131,641

2, 5921,538

197408482

r 28,69212,3435,7291,8392, 291

' 16,3493, 6093, 639

r 4, 671r 2, 446

r 28,95412,1035,2851, 9022,331

count ofw season. 1963 SuDec. 195

248.066.3

181.712.75.4

25.4138.2

20, 502

6, 7414, 0583,847

211

973638335

798616182

.13.7611,283

206502309266

6801, 4854, 8914, 4061, 585

2,3031,336

178389434

21,223

6, 9393,8943,646

248

1,088711377

936727209

14, 2841,228

233477292226

7021, 5845,1124, 6051,629

2,4891,467

188404491

' 29,49612, 6965, 9191,9032,393

<• 16,8003,7103, 697

r 4, 874>• 2, 556

r 28,96912,236

5. 4301,9162,335

the lateal factorRVEY.6 see p. C

265. 168.6

196.515.75.6

28.8146.4

21,186

7, 3604, 4534, 215

238

1,004603341

938721217

13, 8201.140

204463202211

0051,5474, 8984,4141,617

2, 3101 , 306

1793C1446

21,392

7, 0104,0263,788

238

1,095701394

912707205

14, 3821,272

241504308219

6891,5995,0644,5741,674

2,5141,467

192421486

r 29,84012,7955,9171,9332,440

' 17,0453, 7573, 692

r 5, 012••2,613

r 29,24212, 3405,4791,9202,351

^.t (1962)s beginru

2 of the

275.974.8

201.117.14.8

29.2150.0

r 22, 508r 7, 693«- 4, 551' 4, 289

' 1,043(185

' 358

r 1, 047r 801r 246

r 14.8151 , 282r 240

506r 303»-233r 713

1, 650' 5, 248»• 4, 739r 1, 708

' 2, 479r 1,403

173' 399MSS

T 21,777r7,218r 4, 126^3,880

'246

' 1, 080699

'•SSI

'974' 754'220

' 14,5591,295'250

502r320-•223

••7131, 589

r 5, 034r 4, 540r 1, 670

r 2, 589' 1, 543

190M20M95

' 29,621' 12,768r 5, 850

1,9422,444

r 16,8533, 6673, 674

r 4, 954r 2, 608

r 29,215r 12,320' 5, 407

1,9442, 364

Annualng 1956.

Apr. 1964

247.068.4

178. 616.25.2

25.9131. 3

r 22,141

f 7, 682<• 4, 355

4. 079276

r 1,112725387

1, 119872247

r 14,459* 1,237

254468293222

r 709r 1, 693r 5, 087r 4, 578r 1,740

' 2, 479f 1,470

170398472

* 21,675

<• 6, 9693, 8563, 617

239

1,108725383

983759224

' 14,7061,320

244525328223

7261 , 6055, 1754,6701, 669

2, 6071, 521

200430503

29, 39512, 0825, 8031,9182,441

16, 7133, 5933, 0654, 9052, 553

29, 46512,3875,5111,9322,388

Survey cData

SURVEY

1 22, 1291 7, 463i 4, 185

i 1, 094

i 14,666i 1,103

i 7091,8235, 3754, 8571,818

2,3181,357

i 21,9281 7,118

i 14,810

)f Retailfor ear-

r.

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

S-12 SURVEY OF CURRENT BUSINESS August 1004

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

All retail stores — ContinuedEstimated inventories, end of year or month §—

ContinuedBook value (seas, adj.)— Continued

Nondurable goods stores 9 mil. $Apparel group _ - do. _Food group _ _ _ _ do- -General merchandise group do

Department stores* - - do _

Firms with 4 or more stores'.Estimated sales (unadjusted) total do

Firms with 11 or more stores :Estimated sales (unadj ), total 9 do. ..

Apparel group 9 doMen's and boys' wear stores doWomen's apparel accessory stores-- _ do. __Shoe stores do

Drug and proprietary stores doEating and drinking places _ __ _ do. _ _Furniture homefurnishings stores do

General merchandise group 9 do _Dept stores, excl mail order sales _do_ _.Variety stores do

Grocery stores _ - doLumber vards bldg materials dealers o" doTire battery accessory dealers do

Estimated sales (seas adj ) total9t do

Apparel group 9 doMen's and boys' wear stores doTV^omen's apparel accessory stores doShoe stores do

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

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

Grocery store s _ . d o _Lumber yards bldg materials dealerscf doTire battery accessory dealers do

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

Durable goods stores doNondurable goods stores do

Charge accounts doInstallment accounts _. do

Department stores:Ratio of collections to accounts receivable:

Charge accounts percentInstallment accounts ..do. _

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

16,2103, 5693, 4054,8972,466

5,472

4,631

30729

12490

13710040

1,464901284

1,9206290

' 14,2996,2418, 0587,4416,858

4817

434017

16, 7263,6413,5605,0372,603

5,813

4,857

31630

13488

144104

42

1,585985295

1,9746391

115,4846,6268,8587,8267,658

4917

433918

16,5103, 5603,6634,9432,513

5,685

4,767

30730

13087

14110841

1,516965276

1,95073

103

4,848

31128

13683

14410442

1,593990297

1,9646593

13, 7996,3397,4607,1476, 652

4816

433918

16,5863,6163,6044,9232,536

5,518

4,601

26325

11571

13811138

1,415879263

1,91575

102

4,914

32433

14182

14510540

1,604995295

1,9926492

13, 7816,4577,3247,1576,624

4917

433918

16, 5443,6003,5464,9312,531

6,094

5,107

310

13884

14311544

1,6411,015

3012,137

7694

4,983

34133

14790

15010744

1,6461,035

2942,007

6388

14,0166,5597,4577, 2646,752

5017

443917

16,5423,6193,5414,9762,556

5,546

4,611

30925

12893

13510741

1,526961272

1,8957183

4,871

31631

13287

14710542

1,6051,000

2971,970

6389

13,9906,5327, 4587,1786,812

4817

424018

16, 6933,6553,5715,0452,609

5,947

4,915

31130

13183

13810951

1, 6151,000

2921,965

7593

4,809

29829

12584

14610746

1.523932298

1,9936491

14, 2696,5887,6817,3816,888

5018

414118

16, 7953,6863,5785,1082,654

6,411

5,364

34834

15283

14310552

1,8431,137

3212,140

6494

4,922

31027

13583

14410544

1,600993296

2,0156392

14, 3616, 4567,9057,3816,980

5017

433918

16, 7263,6413,5605,0372,603

8,239

6,943

56760

246133

226107

51

2,9951,850

6112,081

50132

5,043

32629

13792

14710642

1,6741, 050

3052,017

6199

15, 4846,6268,8587,8267,658

4918

453817

f 16,9213,7423,655

r 5, 078r 2, 679

5,328

4,478

247269773

14010232

1,262790216

2,0864675

5,089

33631

13994

15211141

1,6981,057

3182,041

6399

14, 6286,2598,3697,4097,219

4917

433720

' 16,8513,7553,679

M.929r<2 622

5,143

4,330

228229566

13810039

1,246763238

1,9824772

5,111

33733

14090

14811047

1,7431,090

3182,018

6798

14, 1236,0838,0407,1266,997

4816

423919

r 16,7333,6923,679

r 4, 901r 2, 564

5,773

4,859

36529

147119

14811145

1,564968304

1,9705282

5, 126

32629

13698

15711246

1,7211, 075

3192,055

6296

14, 3356,1318,2047,2217,114

5018

433918

' 16,9023,7313,666

r 4, 975r 2, 557

5,819

4,858

30426

13286

14111144

1,5921,002

2811,975

6196

5,105

34331

15191

14711246

1,7181,049

3292,030

6196

14,6386,2188,4207,4317,207

4818

424018

r 16,8853,7083,652

r 4, 972r 2, 600

'6,253

5,233

35033

148100

15212047

1,6961,074

3062,125

69106

5 165

34834

14695

15711545

1 7681 110

3201,999

6499

r l5 197r 6, 491r 8, 706'7,718r 7, 479

4817

434017

17,0783,7703,6655, 0752,668

6,100

5,107

33532

14494

15213146

1,6981,075

3041,981

79115

5, 240

34932

15391

15612746

1,7591 087

3242,066

67100

1 5, 0896,5338,5567,6147, 475

5118

443818

EMPLOYMENT AND POPULATION

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

Total, incl. armed forces overseas© -.- - - miL

EMPLOYMENTNoninstitutional population, est. number 14 years

of age and over, total, unadj ~ m i l _ _

Total labor force, incl. armed forces thous..Civilian labor force, total _ do

Employed, total doAgricultural emplovmerit doNonagricultural emplovment do

Unemployed (all civilian workers) doLong-term (15 weeks and over) do

Percent of civilian labor forceNot in labor force thous ..

Civilian labor force, seasonally adjt- -- doEmploved, total do

Agricultural emplovment doNonaericultural employment do

Unemployed (all civilian workers) doLong-term (15 weeks and over) do

Rates (percent of those in group):All civilian workersExperienced wage and salary workers

2 186.66

130. 08

74, 68171,85467, 846

5, 19069 657

4,0071,119

5.655, 400

5.5

2189.38

132.12

75,71272. 97568, 8094, 946

63, 863

4. 1661,088

5.756,. 412

5.5

189. 16

132.04

77, 90175, 16570, 319

5,95464,365

4,8461,016

6.454, 135

72, 89168, 767

4 92463, 8434, 1241,080

5.75.6

189. 38

132. 20

77,91775, 17370, 851

5, 96964, 882

4,3229335.7

54. 279

73, 20769, 1C1

5, 00964, 0924, 1061,042

5.65.4

189. 62

132.34

77, 16774,41870, 5615,496

65, 065

3.8579495.2

55, 178

72, 98868, 9414. 872

64 i 0694,0471,083

5.55.4

189. 89

132. 50

75,81173, 00269, 5465. 326

64, 220

3, 5168864.8

56, 686

73. 09169, 0444,877

64, 1674,0471,078

5 55'. 4

190. 14

182. 68

76, 08673, 34469. 891

5. 35064, 541

3, 4539194.7

56, 596

73. 16869. 067

4, 93964^ 128

4, 1011, 114

5 65'. 5

190. 39

132. 85

76. 00073. 26169, 3254,777

64, 548

3,9368645.4

56, 852

73, 57269, 222

4, 90364,' 3194,3501,060

5 95'. 7

190. 61

133. 02

75. 20172. 46168, 6154, 039

64, 576

3,8469285.3

57, 824

73, 22469, 205

4, 89064! 315

4^0191,022

5. 55.3

190. 81

133. 20

74, 51471, 79367, 2283,993

63, 234

4, 5651, 106

6. 458, 685

73, 66769, 5674, 936

64,' 6314, 1001, 105

5 65! 3

191. 01

133. 36

75, 25972, 52768, 0023,931

64, 071

4. 5241,163

6.258, 099

73. 83569, 8324, 797

65,' 0354', 0031,007

5 45^2

191.23

133. 52

75, 55372, 81068, 5174.017

64, 500

4,2931,322

5.957, 965

73, 76069,' 8074 600

60' 2073^ 9531 047

5 45.1

191. 44

133. 68

76, 54473, 79969^ 877

4, 42965, 448

3,9211, 237' 5.3

57, 135

74, 58370, 5594 748

65, 8114,' 024

927

5. 45.'o

191. 64

133. 87

77, 49074, 74271,' 101

5, 00766,' 094

3,6401, 084'4 .9

56, 376

74, 59570 7544' 865

65 8893, 841

934

5 14^8

191.85

134.04

79, 38976 64571,' 953

5, 85366 100

4,6921, 007' 6 1

54, 652

74, 3407o' 387

4 83865* 5493 953l' 070

c q0. o5.3

192. 07

134. 22

78, 95876,21872! 405

5, 81966, 586

3,8138575. 0

55,258

74, 23070 5914 88 r>

65 7003 63^

' 95S

4 Q-t. if4.8

r Revised. 1 End of year. % As of July 1. § See note marked "f" on p. S-ll.9 Includes data not shown separately. * New series; see corresponding note on p. S-ll.cfComprises lumber yards, building materials dealers, and paint, plumbing, and elec-

trical stores. fSee note marked "J" on p. S-ll.

©Revisions for May 1960-Nov. 1962 are available upon request.} Revised monthly data (back to Apr. 1948) appear in the "Monthly Report on the

Labor Force," Jan. 1964, U.S. Dept. of Labor, Wash., D.C., 20210.

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

August 1004 SURVEY OF CURRENT BUSINESS S-13

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 | 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July />

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees on payrolls (nonagricultural estab.):fTotal unadjustedf thous _

Manufacturing establishments doDurable goods industries __ __doNondurable goods industries do

Mining total 9 doMetal mining -- doCoal mining doCrude petroleum and natural gas.. do

Contract construction __ doTransportation and public utilities 9 do

Railroad transportation _ _doLocal and interurban passenger transit. .do

Motor freight trans, and storage do\ir transportation _ _ __ _doTelephone communication doElectric, gas, and sanitary services do

Wholesale and retail trade do"Wholesale trade do

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

Totn.1 seasonally adju^tedf doManufacturing establishments _do

Durable goods industries doOrdnance and accessories doLumber and wood products do --Furniture and fixtures doStonr* clay and glass products do - -Primarv metal industries do

ATacninerv doElectrical equipment and supplies do

Instruments and related products doMiscellaneous manufacturing ind do

Nondurable goods industries doFood and kindred products doTobacco manufactures doTextile mill products doApparel and related products doPaper and allied products doPrinting, publishing, and allied i n d _ _ d oChemicals and allied products doPetroleum refining and related ind doRubber and misc. plastic products__.doLeather and leather products do

Mining doContract construction doTransportation and public utilities doWholesale, and retail trade _ doFinance insurance and real estate doCervices and miscellaneous doGovernment - do

Production workers on mfg. payrolls, unadjusted:!Total, unad justed t thous__

Soasonaily adjusted. _ doDurable goods Industries, unadjusted, .do

Seasonfillv adjusted doOrdnance and accessories doLumber and wood products _ _ doFurniture and fixtures doStone clay and glass products doPrimary metal industries do

Blastfurnaces steel find rollin01 mills doFabricated metal products doMachinerv- _ _ - _ _ _ _ _ d o _ _Electrical equipment and supplies. _.doTransportation equipment 9 do

Motor vehicles and equipment _ __do _ _Aircraft a n d parts _ _ _ _ _ _ d o

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries, unadj doSeasonally adjusted do

Food and kindred products _ doTobacco manufactures doTextile mill nroducts doApparel and related products doPaper and allied products doPrinting, publishing, and allied ind__doChemicals and allied products doPetroleum refining and related ind do

Petroleum refining doRubber and misc. plastic products___doLeather and leather products do_ ._

55, 841

16, 8599,4937,367

65283

152299

2,9093,903

797271

880200688611

11,5823,0618, 5212,7987,9499,188

155,84116, 8599,493

271589385594

1, 164

1 1281,4901, 579

1 542360391

7, 3671. 760

91903

1, 267614925846195406360

6522,9093, 903

11, 5822,7987,9499,188

12, 494

6,946

120526320479936421864

1, 0361, 0601,061

534351230315

5,548

1, 17679

8121. 125

486594517125101314319

57, 174

17, 0359, 6597,376

63482

139293

3, 0293,913

774273

898210688612

11,8653 1438 7222,8668, 2979, 535

'57 17417, 0359, 659

5«6390608

1,166

1 1531 5201, 582

1 614372393

7 3761.738

89890

1,298621

928866188409350

6343, 0293 913

11,8652 8668, 2979 535

12, 585

7,059

119524324490942424884

1, 0531, 0571,113

572356237316

5, 526

1, 15577

7971, 151

48859052412095

315309

57, 609

17, 1119,7387,373

65084

139300

3,2323,954

789269

912211692619

11,8483.1328 7162, 8858,4239, 506

57, 19417, 0759,685

278559390612

1, 202

1, 1561, 5081, 593

1 623375389

7,3901,732

88889

1, 306620936868187414350

6393,0463,919

11, 8642,8658,2829,504

12, 65212, 6287,1387,086

118523322508984458894

1, 0551,0571,121

581352239316

5, 5145 5421, 146

64802

1, 14049259252712296

319310

57, 422

17, 0509,6667,384

64184

126302

3, 3643,975

790258

920212701626

11,8323 1688 6642,9168, 4749,170

57 34017. 1039, 701

277564392615

1, 208

1 1591 5121, 587

1 61S375394

7 4021, 730

87891

1,317623935870188408353

6403, 0693, 936

11,8842,8708,3499,489

12. 57112, 6507,0567 103

118528321512970453879

1,0411,0401, 099

565350237312

5, 5155 5471,188

63792

1,13348758952512296

307309

57, 651

17, 1999,6097,590

64685

135298

3,4373,976

791258

921212699626

11,8783 1968 6822,9198, 4579, 139

57 34417,0339, 652

'2755783 93616

1, 176

1 16°1 5251,574

1 580375398

7,3811,728

91887

1,302623937870189404350

6353,0833, 941

11,9072, 8738, 3739, 499

12, 70512, 575

6, 9957 051

118547331516946429889

1,0441, 048

984450351240332

5,7105 5941,272

88803

1,183495

59252812396

310316

58, 211

17, 3989,8017,597

64184

134295

3,3783,982

780276

934212693618

11,9423 1998 7432,8878, 4369, 547

57 45317, 0769, 705

275588392610

1, 164

1 1651 5311, 574

1 635"373398

7 3711,723

86886

1, 306622

935869190402352

6323,0713,950

11, 9222,8738,3779, 552

12, 92312,6117,1937 097

119551333510942420909

1, 0551, 0671.125

584356240341

5,7305 5141,285

95803

1, 180495

59752712195

315311

58, 426

17, 3679.8117, 556

63784

136290

3,3333 968

77697C

936212691611

I9 0143 2088 8062 8848' 4729 751

57 64617,1199, 718

277589391611

1,155

1 1641 5451, 571

1 647373395

7, 4011.742

89890

1,312620

934871189402352

6293, 0663,937

11,9352, 8878,4309, 643

12, 89512, 649

7,2047, 110

120543334504929410913

1,0561,0741,149

599361240342

5,6915 5391,248

94804

1,180493

59952612094

317309

58,220

17. 2299,7897,440

63484

136292

3,1763,944

770279

925213685611

12 1663 2088 ()r)82 8788, 4069 787

57 58017.0619. 688

275595392614

1, 155

1 1621*5481, 557

1 619'373398

7, 3731, 733

95889

1, 291622

931870189406347

6303, 0573, 928

11,9412. 8878,4239, 653

12, 75612, 590

7,1807,081

119534332501928408907

1.0591,0651, 157

608363241337

5, 5765 5091, 169

87802

1,161492

59852211894

318309

58, 585

17, 1399,7657,374

63183

137295

2,9253 931

773282

913214685610

12 7743 9389 ^62 8808 3799 926

57 74817, 1279. 737

276598394612

1 166

1 1691 rvn1, 566

1 699375397

7. 3901,741

91888

1, 295624

939871188405348

6303, 0693,915

11,9632,8928,4479, 705

12, 66512, 653

7,1557 129

119522329486941414904

1,0771.0621, 163

612366240313

5, 5105 524l' 128

83795

1, 150491

60252211693

315308

56,909

16, 9359,6667,269

61482

135290

2,6283,876

755284

885215685609

11.9173 9018 7162, 8758,3139, 751

57 85017, 1199, 726

276596394612

1, 169

1 1641 5591, 564

1 691375396

7, 3931,741

88891

1, 299624

940872186407345

6233,0173,923

12, 0722,9048,4749,718

12, 47212, 639

7,0647,120

118502324467945418891

1, 0831,0511,152

605363237294

5,4085 5191,081

76788

1,136484

59251911493

313304

57, 045

16, 9829,6767,306

61183

134287

2,6813 879

753283

888214688608

11 8373 1878 6502' 8858, 3629 808

58 18317,1759, 750

270601395618

1, 177

1 1761,5471, 559

1 631375401

7, 4251,743

89897

1,310627

942872185412348

6243, 1693,934

12, 1432,9118, 5159,712

12, 51812, 697

7,0757,148

114504325471958428892

1,0811,0401,148

598360237305

5,4435 5491,064

74795

1,174483

59452111493

315308

57,388

17, 0519,7347,317

61183

130288

2, 7603 883

754273

889215691609

11 9963 1888 7382 8958 4159 847

58 39717 9429,814

268607399693

1 183

1 1861 5671,563

1 (140377401

7. 4281, 735

90899

1.309627

943876185416348

6253, 1623, 930

12, 1432,9188,5529. 755

12, 58412,7597,1327,207

113506327480966434898

1,1041,0371,153

604357238309

5,4525 5521,057

70798

1, 177485

59852811492

317307

57, 945

17, 1069,8017,305

62485

129289

2, 9773 922

762278

899217699611

11 9873 1958 799

2 9138 5439 873

58 509

17 3019. 868

266599401691

1 909

1 5^51, 570

1 660377403

7,4331, 724

90897

1, 318629

947873185419351

6313,1443, 954

12,2112,9258,5439,793

12, 63412, 813

7,1987, 260

112518330494979444906

1,1121,0361,160

608354237315

5, 4365 5531 063

67799

1, 156488

59953311491

316302

' 58, 500

'17, 186r 9, 844

7,342

63186

128291

r 3, 191' 3, 949

r764279

r913219

••701613

'•I9 1003 9078 8939 9248, 6419 878

r58 WO17, 393

r 9, 853r 262r 592r 401r 693

r I 906

1 1 S91 585

^ 1,571

r ] (J43

370405

r 7, 470r 1, 725

90898

' 1, 336r 630

'953877184422

'355

628r 3, 159r 3, 961' 12, 209r 2, 930' 8, 572r 9, 808

' 12, 710r 12, 824

r 7, 241r 1, 236

109'532' 328* 506'989' 452

9111,116' 1,035

1,158608

'349'236

321

' 5, 4695 588

' 1, 07866

802' 1, 160

490

60053411591

319304

'59,178

'17,396' 9, 942

7, 454

'64788

129301

r 3, 365' 4 001

769272

946221708623

r\0 998

3 9498 9799 9578 7339 851

r58 750'17 300r 9, 886

' 255588

T 4 oftr (y>8

r 1 99 1

r 1 195r \ ^g^'1,571

r I 644'380r 403

' 7, 474r 1,711

90'898

' 1. 348' 632

'955'884

184'419

353

r 636' 3, 172' 3, 965' 12, 244' 2, 936' 8, 587' 9, 850

r 12, 888' 12, 860

' 7, 327' 7, 273

' 106' 553'337'521

' 1, 001462

* 926' 1,125r 1, 047' 1, 147

601'344

239' 326

5, 561r 5 5^7

1, 117' 66

' 809r 1, 181

498

r 604' 534' 117

92'321

312

58 968

17 3269,8777, 449

641

3 4924 994

I9 "0'} 9858 93 r>9 996H' 7739 496

fj8 88817 3809,913

250594411699

1 939

1 609

1,574

1 630380407

7 4671,707

91897

1, 334632

956888184423355

6403, 1863, 984

12, 2732, 9498, 6439,833

12, 81412, 894

7, 2697 314

10455833752!)999

9131,1151, 0461, 118

583338238321

5, 5455 5801 159

06794

1, 150492

60353511792

318310

"•Revised. * Preliminary. 1 Total and components are based on unadjusted data.tBeginning with the Sept. 1963 SURVEY, data for employment, hours, earnings, and

labor turnover reflect adjustments to Mar. 1962 benchmarks. The revision affects seriesback to Mar. 1959 and, for seasonally adjusted data, all series beginning Jan. 1952, with only

minor revisions prior to that time. Revisions not shown are available in the 1963 edition ofBUSINESS STATISTICS and in BLS Bulletin 1312-1, "Employment and Earnings Statistics forthe United States, 1909-62," 6 54 pp., $3.50, GPO, Wash., D.C., 20402.

9 Includes data for industries not shown separately.

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

S-14 SURVEY OF CUEEENT BUSINESS August 10H4

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964 +

Jan. Feb. Mar. Apr, May June July »

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

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

United States thous..Wash., D.C., metropolitan area ...do

Railroad employees (class I railroads) :Total - - - do

Index, seasonally adjusted 1957-59=100--

INDEXES OF WEEKLY PAYROLLS!

Construction (construction workers) t-1957-59= 100..Manufacturing (production workers) f doMining (production workers)t -- do_-

HOURS AND EARNINGS t

Average weekly gross hours per production workeron payrolls of nonagric. estab., unadjusted:!

All manufacturing estab , unadj f hours

Average overtime doDurable goods industries do

Seasonally adjusted doAverage overtime do

Ordnance and accessories do-Lumber and wood products doFurniture and fixture*' doStone clay and plass products doPrimary metal industries do

Blastfurnaces, steel and rolling mills. do

Fabricated metal products _ _ ._ doMachinery _ doFlectrical equipment and supplies do

Transportation equipment 9 - do -_Motor vehicles and equipment doAircraft and parts do

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries, unadj doSeasonally adjusted do

Average overtime doFood and kindred products doTobacco manufactures doTextile mill products do- -Apparel and related products doPaper and allied products. _ do

Printing publishing and allied ind do- -Chemicals and allied products doPetroleum refining and related Ind do

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

Nonmanufacturing establishments:!Minin^Q do- --

Metal mining doCoal mining doCrude petroleum and natural ^as do

Contract construction do-- -General building contractors .doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation doMotor freight transporation and storage doTelephone communication doElectric, gas, and sanitary services do- --

Wholesale and retail trade 5 doWholesale trade doRetail trade § do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plantscf-do

Average weekly gross earnings per productionworker on payrolls of nonagric. estab. :f

All manufacturing establishments! --dollars--Durable ffoods industries _ do

Ordnance and accessories doLumber and wood products do

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

Fabricated metal products _ _ doMachinery doElectrical equipment and supplies do

Transportation equipment doInstruments and related products doMiscellaneous mfg. industries do

2,311230

7202 79. 5

116.4113.790.5

40.4

2.840.9

2.8

41.139.840.740.940.239.0

41.141.740.6

42.042.741.840.939.7

39.6

2.740.938.640.636.242.5

38.341.541.641.241.037.6

41.041.5

«36.642.0

37.035.640.536.3

42.641.539.941.038.740.637.9

39.138.9

96.56104. 70116.3179.20

79.3798.57

119.80

104. 81113.0197.44

122. 2299.8078.21

2,328239

'714277 .1

127.0118.090.6

40.4

2.841.1

2.9

41.140.140.941.341.040.0

41.441.840.4

42.042.841.540.839.6

39.6

2.740.938.640.636.142.7

38.341.541.741.440.837.5

41.641.2

"38.842.1

37.336.041.336.5

42.241.640.041.238.640.637.8

39.039.0

99. 38108. 09119. 6081.80

81.39102. 42124. 64

108. 05116. 2099.38

126. 42101. 5980.39

2,335243

71577.3

138. 9119.995.9

40.840 53.0

41.641.33.2

41.240.940.942.142.241.9

41.742.140.6

42.343.241.440.939.7

39.839.62.8

41.240.341.036.343.0

38.341.742.341.640.737.9

42.741.741.042.3

38.436.642.937.5

43.042.240.041.338.940.738.1

38.539.6

100. 37109. 82118.2482.62

81.39104.41129. 55

108. 84117.0499.88

126. 90101.8480.19

2,344246

71477.5

146.8118.190.2

40.540 4

2.941.141.22.9

40.640.640.841.941.140.5

41.241.740.2

42.042.841.440.739.2

39.839.52.8

41.438.840.436.342.9

38.241.642.441.640.538.0

41.240.8

42.4

38.537.043.237.4

42.641.740.341.239.240.838.5

40.339.1

99. 23108. 09117. 7482.42

81.19104. 33125. 77

107. 53115. 5198.89

125. 58100. 9479.18

2,337244

71478.2

152.2118 293. 1

40.540 32.9

41.041 03.0

41.040.641.641.940.639.4

41.541.640.3

40.840.341.540.739.8

40.039.62.8

41.440.240.736.843.1

38.541.441.640.641.038.3

42.041.038.042.6

38.837.243.537.5

42.542.340.141.339.240.738.5

40. 639.0

98. 42107. 01119.3184.45

83.20104. 33123. 02

108. 32115 2398.74

121. 58101.34

79. 6C

2.312239

70378.2

149.5122. 694.0

40.740 73.1

41.341.33.2

41.340.841.641.840.739.3

41.941.940.7

41.942.141.741.139.9

39.939.73.0

41.639.740.636.343.2

38.641.542.241.741.437.5

42.141.639.242.1

38.336.642.937.2

42.142.040.541.438.640.637.7

39.239.1

100. 53109. 45121.0186.50

84.03104. 50123. 73

110. 20117. 32100.53

127.80102.7580.60

2,314240

69978.5

149.7122 692 8

40.740 63.0

41.441 23.2

41.240.841.642.140 438.7

41.841.840.6

42.743.941.641.140.1

39.939.82.9

41.239.741 336.343.2

38.441.441.741.041.137.8

42.341.339.042.5

38.937.343.637.7

42.042.340.441.438.440.737.5

39.139.0

100. 53109. 71121.1385. 68

84.03105. 67122.41

109. 93117.04100. 28

131. 52102. 7581.40

2,313240

69479.3

131.5121.590.5

40.540 53.0

41.241.13.2

40.839.741.341.540.639.0

41.541.840.4

42.844.341.441.039.8

39.639.52.8

41.038.941.335.842.8

38.241.441.541.541.037.2

41.341.237.842.2

36.435.140.035.7

41.841.340.841.438.340.537.3

38.838.8

100. 85110.00120.3682. 97

83.43103. 75123. 42

109. 56117.88100. (30

132. 68102. 9181.59

i 2, 4521243

69379.5

119.2122 491.4

40.840 53.1

41.641.53.3

41.540.041.940.641.339.5

41.942.540.8

43.044.741.541.039.8

39.939.62.8

41.139.441.335.943.0

38.941.741.441.541.738.9

41.642.139.742.3

35.334.336.735.5

41.941.939.641.538.840.938.0

38.638.9

102. 41111.90123. 2683. 20

85.06101.50126. 38

111.04120. 70102. 41

133.30102.9182.39

2,293239

68073.8

102. 4117.787.8

39.840 12.7

40.640.82.9

40.838.639.439.841.140.0

40.941.840.0

41.542.241.139.838.4

38.739.12.5

40.336.940.033.942.1

37.941.141.341.440.537.4

41.242.339.341.9

34.132.836.634.1

42.040.539.341.538.140.237.1

38.838.0

99.90109. 21121.1879.90

79.5999. 50

125.77

108.79118.71100.40

127.4199.9079.87

2,291240

-•67674.3

109.2119. 486.9

40.340 62.7

41.041.32.8

40.339.640.740.741.140.0

41.242.340.2

41.542.241.040.539.5

39.439.92.6

40.235.340.936.342.5

38.241.341.441.340.638.2

41.442.138.242.3

35.935.138.935.4

41.541.039.641.038.240.337.2

39.138.3

101.15109. 88119.2981.97

82.21101. 75126. 18

109. 18120. 56100. 90

126. 99101.6682.16

2,293241

'67774.9

114.1120.485.9

40.440 72.8

41.041.22.9

40.239.740.740.841.440.5

41.242.440.2

41.441.740.940.439.8

39.539.92.6

40.137.840.736.442.4

38.541.641.441.240.837.7

41.142.036.642.4

30.535.939.136.0

40.941.239.541.038.240.537.1

39.038.6

101. 40110. 29119. 3982.18

82.62102. 00127. 51

10.9. 59121. 26100. 90

126. 68101. 4082.78

2,304241

T 685' 75.7

127. 1122.089.4

40.540 72.9

41.341.43.1

40.439.940.741.641.640.9

41.542.540.3

42.042.941.040.539.6

39.439.82.7

40.339.540.736.142.5

38.541.641.340.940.936.5

41.541.637.642.1

37.136.040.536.4

41.941.539.341.038.240.637.2

38.838.9

102.06111.51119.9984.19

82.62104. 83128.54

111.22121 98101.56

129.36102.0682.76

1

2, 302241

"689P75.4

' 139. 7123 692 5

40 740 73 0

' 41 5r 41 4

'3 1

40 2MO. 5

40 5'42 1

41 841.0

41 8r 42.7

40 4

42 042.940 9

MO. 739.4

39.739 82.8

40.9'39 3

41 1'35.9

42.7

38 541.742.041.3

Ml. 437.6

' 42 0M2. 0'38.7M2. 1

37.9'36.5

42 1' 37. 1

' 42. 6r 41.8'39.8r 41.2r38 3

40 7r37 3

'38.639.3

102. 97'112.47120. 20' 86. 27

81.81' 106. 93

129. 58

112.02'122 98101.81

'129.36'102.56

81. 95

2,313246

p 693P 75.1

148.9r 1°6 1

95 o

40 940 63 2

41 741 43 4

r 40 4

40.741 0

' 42 242 041.1

42 0'42.8MO 5

' 42 5'43.6' 41 3Ml. 0'39.7

39.939 72.9

Ml. 1'39.7' 41 3

36.143.0

' 38 5Ml. 7M2. 1Ml. 2Ml. 6' 38. 6

42 341.939.641.9

38.236.642 437.4

42.742.339.941.338.740 837.8

38.439.1

103. 48113. 01

' 120. 80' 87. 51

83.23r 107. 61'130.62

112.98'123 ?6' 102. 47

' 131. 75r 103. 73' 82. 18

69775.7

194 5

40 740 63 0

41 441 53 2

39 740.740 742 141 7

41 742.340 4

41 742.341 540.739.4

39.83Q 52.8

40.938. 141 036.342.9

38 241.442.341.340.938. 9

102. 97112. 19119. 5088. 32

82. 62107. 36129. 69

111.761?1 40102. 21

128. 44102. 9781.95

r Revised. *> Preliminary. « Average for 11 months.1 Includes Post Office employees hired for the Christmas season; there were about 144.000such employees in the United States in Dec. 1963. 2 Based on unadjusted data.

!See corresponding note, bottom p. S-13. 9 Includes data for industries not shownseparately. §Except eating and drinking places.

o"Beginning Jan. 1964, data relate to nonsupervisory workers and are not comparablewith the production-worker levels for earlier periods.

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

1!K>4 SUEVEY OF CUEEENT BUSINESS S-15

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

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

EMPLOYMENT AND POPULATION— ContinuedHOURS AND EARNINGS— Continued

Average weekly gross earnings per productionworker on payrolls of nonagric. estab.f — Con.

All manufacturing estab.f— ContinuedNondurable goods industries dollars

Food and kindred products . do ...Tobacco manufactures doTextile mill products _. do._-Appareland related products _do

Paperand allied products doPrinting, publishing, and allied Ind __ do-_.Chemicals and allied products doPetroleum refining and related Ind doRubber and misc. plastic products doLeather and leather products ~ _ do

Nonmanufacturing establishments:!Mining 9 -do

Metal mining _ _. do _ _Coal mining doCrude petroleum and natural gas. do

Contract construction _ _ . do__.General building contractors -doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation doMotor f r ei gh t tran spor ta ti on and storage -doTelephone communication doElectric, gas, and sanitary services - do. _

Wholesale and retail trade§ _doWholesale trade doRetail trade§ do

Finance, insurance, and real estate:Banking _ __ do __Insurance carriers© do. .-

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plantsAdo

Average hourly gross earnings per productionworker on payrolls of nonagric. estab.:t

All manufacturing establishments! dollars..Excluding overtimed1 - do

Durable goods Industries doExcluding overtimed1 - do

Ordnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries do

Blast furnaces, steel and rolling mills.do

Fabricated metal products doMachinery _ doElectrical equipment and supplies , _ . doTransportation equipment 9 _ _ do

Motor vehicles and equipment doAircraft and parts do

Instruments and related products doMiscellaneous mfg. Industries. . . do_._

Nondurable goods Industries do__.Excluding overtimed1 do

Food and kindred products doTobacco manufactures - doTextile mill products doApparel and related products doPaperand allied products do

Printing, publishing, and allied ind doChemicals and allied products doPetroleum refining and related ind do

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

Non manufacturing establishments : tMining 9 -- - - do

Metal mining doCoal mining doCrude petroleum and natural gas do. -

Contract construction doGeneral building contractors doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation . doMotor freight transportation and storage. doTelephone communication doElectric, gas and sanitary services do

Wholesale and retail trade§ doWholesale trade _ _ d oRetail trade§ do »

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants Ado

85. 5491.6271.4168.2161.18

102.00107. 62109. 98126. 88100.0464.67

110. 70117. 45113 09109. 20

122. 47112. 50122. 31128. 50

100. 11113.3098.95

116 85

75.0896.2265.95

71 8093 46

46.1450.57

2.392 312.562 48

2 831 991 952.412.983,29

2.552.712.402.912.992.872.441.97

2 162.092.241 851 681 692.40

2.812.653.053.192.441.72

2.702.83

-3.092.603.313.163.023.54

2.352.732.482.85

1.942.371.74

1.181.30

87.9194.4873.7369.4362.09

105. 90110.30112 88131.77100. 7866.00

114.40118.66119 95111.99

127. 57117.72128. 03133. 59

101. 70117.31102. 40121 13

77.5999.4768.04

74 9796 28

47.5851.87

2.462 372.632 54

2 912 041 992.483.043.36

2 612 782.463 013.102 952.492.03

2 222.152.311 911 711 722.48

2.882.723.163.322.471.76

2.752.88

«3. 122.663.423.273.103.66

2.412.822.562.94

2.012.451.80

1.221.33 '

88 3695.1781.8169.7061.35

106. 21110.69113 42133. 25100. 5366.70

117. 85118 85128 74113.36

129 79118. 58132. 13135. 75

103. 63118.58102. 00121 42

78.19100. 1268.96

74 4096 13

47.3652.67

2.462 372.642 54

2 872 021 992.483.073.39

2 612.782.463.003.072.942.492.02

2 222.142.312 031 701 692.47

2.892.723.153.332.471.76

2.762.853.142.683.383.243.083.62

2.412.812.552.94

2.012.461.81

1.231.33

88.3695.6378.7668.6861.71

106. 82110.02113.98133. 98100. 0466.12

1 12. 06116. 69108 19112. 36

130.90120. 62135. 22136. 14

103. 09118. 85102. 36121. 13

78.7999.5569.30

74 7796.65

47.9652.00

2.452 372.632 54

2 902 031 992.493.063.37

2.612.772.462.993.052.952.482.02

2.222.152.312 031 701 702.49

2.882.743.163.342.471.74

2.722.86

2.653.403.263.133.64

2.422.852.542.94

2.012.441.80

1.191.33

88 4093 9873 5769 1963.30

107. 32111 27113 02130 21100. 8667 41

115 08118 08118 18113.32

13? 70122 02137. 03137 25

103. 28119.71102.26121 42

78 7999 7269.30

74 4096 66

48.3151.48

2.439 352.612 52

2 912 082 oo2.493.033.33

2 612 772.452 983.042 962.492 00

2 212.132.271 831 701 722. 49

2.892.733.133 312.461.76

2.742 883.112.663.423.283.153.66

2.432.832.552.94

2.012.451.80

1.191.32

89.3895.6871.4669.8364.25

108.43112.71114 13134 20102.6767.13

117.04121 06123 48113. 67

13290121.88136.85137.64

102.30120. 12105.30123 37

78.36100 6968.61

75 1496 72

48.2252.00

2.472 382.652 55

2 932 122 022.503.043.35

2 632.802.473.053.142.992.502.02

2 242.162.301 801 721 772.51

2.922.753.183.352.481.79

2.782.913.152.703.473.333.193.70

2.432.862.602.98

2.032.481.82

1.231.33

88.9894.3571.4671.0464.25

108. 43111.74113 85131.77101.9367.66

116.75120 60in 68113.05

134 98124. 58138. 65139. 49

102. 48120.13105. 04122 96

77.95100 9468.25

74 9796 79

48.0951.87

2.472 382.652 55

2 942 102 022.513.033.33

2 632 802 473 083.182 992.502 03

2 °32.162.291 801 7?1 772.51

2.912.753.163 332.481 79

2 762 923.122.663.473.343 183.70

2.442.842.602.97

2.032.481.82

1.231.33

89.1095.9473.1372.2863.01

107. 43110. 78113. 85132. 39102. 9166.59

113.99119. 89117 94113.10

125. 58116. 53124. 00131.38

102. 41117. 29106. 08123.79

77. 75100. 8568. 26

75 3596.86

47.7251.99

2.492 402.672 57

2 952 092 0°2.503.043.33

2 642 822.493.103.213 002.512.05

2 252.172.341 881 751 762.51

2.902.753.193.362.511.79

2.762.913.122.683.453.323.103.68

2.452.842.602.99

2.032.491.83

1.231.34

90. 1796.5974. 8672. 6963.54

108. 36113. 98115 09132 89105. 0869 63

116. 48122 51125 85113. 79

124 96115. 93118.17133. 48

102. 24120. 67103. 36124 92

77.60101. 4368.40

76 1397 67

47.8652.13

2.512 422.692 58

2 972 082 032.503.063.36

2 652 842.513 103.213 012.512.07

2 262.192.351 901 761 772.52

2.932.763.213 372.521.79

2.802.913.172.693.543.383.223.76

2.442.882.613.01

2.002.481.80

1.241.34

87. 8595.9172.6970.4060.00

106. 09110.67113.85132. 16101.2566.95

115.36123. 09124 97112.71

122. 08111.52118. 95129. 24

103. 32116. 24102. 18194 09

78.11100. 1068.26

76 7091 36

47.7253.58

2.512 432.692 60

9 979 072 o?2.503.063.35

2 662 842.513 073.173 012.512 08

2 272.202.381 971 761 772.52

2.922.773.203 352.501 79

2.802 913.182.693.583.403.253.79

2.462.872.602.99

2.052.491.84

1.231.41

89.0495.6868.8471.9864.61

107. 10111.93113 99132. 07101. 0968 76

115. 09122 51121 09112.94

127 09118.29123.31133.81

101.68118.49102. 56123 00

78. 69100 7568.82

77 0892 14

47.7054.00

2.512 422.682 59

2 969 072 022.503.073.37

2 652 852.513 063.143 022.512 08

2 262.192.381 951 761/732.52

2.932.763.193 342.491.80

2.782 913.172.673.543.373.173.78

2.452.892.593.00

2.062.501.85

1.221.41

89. 6795.8475.6071.6364.79

106. 85113. 58114. 40131. 24101. 5968.24

113. 85122. 64115 66112. 78

128. 48120. 98121. 99135. 36

98.98119. 89102. 70123 00

78.69101. 6668.64

76 0991 55

47.9754.81

2.512 432.692 60

2 972 072 032.503.083.37

2 662 862.513 063.143 012.512 08

2 272.202.392 001 761 782.52

2.952.753.173 332.491.81

2.772 923.162.663.523.373.123.76

2.422.912.603.00

2.062.511.85

1.231.42

89.8396.3280.1971.6363.90

107. 53113.58114 40130. 92102. 2566 43

115.37122 30121 45111.57

131 33122 76127. 98137 23

103. 49121.18101 79123 00

79 07102 3169 19

75 9291 63

48. 8955. 63

2.522 442.702 61

2 972 i\2 032.523.093.39

2 682 872 523 083.173 022.522 09

2 282.202.399 (Y-l

1' 77

2.53

2.952.753.173 332.50] 82

2 782 943 232 653.543.413 163.77

2.472.922.593.00

2.072 521.86

1.261.43

90 52' 98. 16'80 17

72 75' 63. 54

108. 46113 96115 51133 14' 104. 74

68 43

' 117 60'193 90' 195 78'111.99

' 133 03' 123 37133. 88' 139 13

' 105. 65' 122. 47r 104 28

' 79 66r 1 09 Q"7

' 69 75

' 76 2692 04

' 49. 0256. 59

2.532 442.712 61

2 QQ2 139 O92.543.103.40

2 68r 2 88

2 52r 3 08

3.183 032.522 08

2 98

2.20'2.40

2.54

2.962.773.173 OA

'2.53i 09

2 802 953 252 663.513.383 183.75

2.482.93

' 2. 623.02

2.08'2 53

1 87

'1.271.44

' 90 97' 98 64' 81 39' 73 10' 63. 54

109. 65'113 58' 116 34' 133 46' 105. 66' 70 64

118 O9

123 61129 89110. 62

133 39

122 98135. 26139 88

105. 90123. 52104 14

80 50

70 (\Q

75 8991 81

48. 0056.30

2.532 442.71

r 2 61

2 QQr 2 15

9 nci' 2. 55'3.11

3.40

2 692 88

r 2 533 103.20

' 3 04'2.53r 9 ny

'2.202.40

1. 77

2.55

2.952.793.17

'2.54

9 792 953 282 643.493.363 193.74

2.482.922.613.02

2.082 521 87

1.251.44

91 1497 3478 1172 Id64. 25

110.25112 69115 92134 51103. 89

70 41

2.532 442.719 «i

2 1 7

2.553.11

9 AS

2 872 533 083.173 r\r

2.532 no

2.212.382. 051. 761. 772.57

2.952.803.18

2.54

'Revised. t> Preliminary. ° Average for 11 months. § Except eating and drinking places.tSee corresponding note, bottom p. S-13. 9 Includes data for Industrie snot shown separately.

©Effective Jan. 1964, data exclude earnings of nonofnce salesmen and are not comparablewith earlier figures.

cfperived by assuming that overtime hours are paid at the rate of time an d one-half. A Ef-fective Jan. 1964, data relate to nonsupervisory workers and are not comparable with theproduction-worker levels for earlier periods.

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

S-16 SURVEY OF CURRENT BUSINESS August 1904

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

EMPLOYMENT AND POPULATION—Continued

HOURS AND EARNINGS— Continued

Miscellaneous wages:Construction wages, 20 cities (ENR): §

Common labor $ per hrSkilled labor do

Railroad wages (average class I) doRoad-building com labor (ntrly ) do

LABOR CONDITIONSHelp- wanted advertising seas adj J 1957-59—100Labor turnover in manufacturing estab.: f

Accession rate total mo rate per 100 emploveesSeasonally adjusted do

NTew hires doSeparation rate total do

Seasonally adiusted doQuit doLayoff do

Seasonally adiusted doIndustrial disputes (strikes and lockouts) :

Beginning in month:Work stoppages numberWorkers involved thous

In effect during month:

"Workers involved thousMan-days idle during; month do

EMPLOYMENT SERVICE AND UNEMPLOY-MENT INSURANCE

Von farm placements thousUnemployment insurance programs:

Insured' unemployment, all programs doState programs:

Initial claims doInsured unemnlovment weekly avg do

Percent of covered employment:^Unadjusted9pasonallv adiusted©

Beneficiaries weekly nverp^e thou^Benefits paid mil. $

Federal employees, insured unemploymentthous

Veterans' program (IJCX):Initial claims doInsured unemployment weekly avg doBeneficiaries weekly average doBenefits paid mil $

Railroad program:\pplications thousInsured unemployment, weekly avg . d oBenefits paid mil $

2.9464.348i 1.012.74012.31

110

4.1

2.54.1

1.42.0

301102

1,550

560

31,924

1,3091.783

4.4

1.525223. 0

29

285047

6.6

1762

11.1

3.0824. 5251 1 052.823*2.38

109

3.9

2.43.9

1.41.8

28078

1,340

548

2 1, 939

1,2851, 806

4.3

1, 541231. 2

31

295552

7.6

1347

8.3

3.0724.487

2.785

104

4.83 93.33 43 81.41.41.7

380128

593181

1, 550

577

21,568

9731,468

3.54. 1

1,327188.2

26

224245

6.3

1132

5.6

3 1024.5401 OQ

2 7502.44

109

4.34 02.74 14 01.42.01 9

37294

606183

1,810

5722 1 , 606

1.3511 493

3 64 1

l.°3S195.6

30

314438

5.9

4639

5.9

3 1304 585

2 755

105

4.83.73.24 74 22.11.92 0

31267

545167

1, 350

611

21,531

1.0861.419

3.44 2

1. 290186. 8

29

294542

6.2

1537

6.9

3 1344 591

2 782

107

4.83 93.14 93 92.41.81 8

98781

5001 55985

664

2 1.372

9571 261

3 04 0

1 107163 1

28

284240

5 7

1541

6.4

3.1344.602

992.7482.45

111

3.93.92.64.13.71.51.91.7

34696

574153

1,490

6622 1,445

1,1571.333

4 11,070172.0

29

314338

5.9

1241

7.5

3.1344.602

2 785

112

2.93 61.83 83 71.12 11 8

22380

467159

1,410

4932 1, 667

1,2001 . 542

3.64 1

1,127165. 0

32

294839

5.4

1145

6.7

3.1394.611

2 785

118

2 53 91 43 73 7.8

2.31 8

13227

33682

977

432

22,113

1.8051.972

4 74 3

1,594233. 0

34

396052

7.6

¥>47

8.6

3 1544.6361 14

2 7652 27

116

3.63 72.04 04 0

2.01 8

21060

370100

1,010

4432 2, 559

1,8489 395

5 74 3

1 997319.3

39

397367

10 2

1353

9 9

3 1694.640

2 803

117

3.44.02.03 33 81.11.51 7

22580

375195

1.130

4142 2, 408

1. 1812 'M3

S a4 o

9 015283. 8

40

29

719 6

518.8

3 1694.644

2 764

'118

3.74 02 23 53 81.21.61 7

22065

360100800

2 2, 200

1,1362 050

4 93 8

1 887292. 6

38

286759

8 9

545

8 5

3.1874.6581.14

2.7652.37

120

3.84.02.43.53.91.31.41.6

300122

4fO163

1,100

541

2 1, 886

1, 0861, 755

4.23 8

1,678258. 0

32

275764

9.7

1342

7.4

3.2024.680

118

-3.9r3. 8

2.5-3. 6'4 .0r1.5

1.41.7

410176

570218

2,180

572

21,552

9081,447

3.43 6

1,347201.5

97

204648

7.0

532

5.2

3.2334.728

121

M. 9P3. 9p 3. 5J > 3 . 3P3 .6P 1.4P 1. 2f 1.5

300134

585227

1 . 930

r 2 1,387

1 , 297

3. 13 6

1. 1421X3. 1

-->-

4249

6.6

97

3. 2824. 769

1 13

FINANCE

BANKING)pen market paper outstanding, end of mo.:

Commercial and finance co. paper, total ...doPlaced through dealers doPlaced directly (finance paper) _ _ d o

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total end of mo mil $Farm mortgage loans:

Federal land banks _ __do _ .Loans to cooperatives doOther loans and discounts. - __do

3ank debits:Unadjusted:

Total (344 centers) bil. $_.New York City do6 other leading centers! _ _ . -do

Seasonally adjusted:Total (344 centers) do

New York City do

"edcral Reserve banks, condition, end of mo.:Assets total 9 - mil. $

Reserve bank credit outstanding, total 9 -doDiscounts and advances do .._U.S. Government securities do

Gold certificate reserves do

Liabilities, total 9 do...

Deposits, total 9 - doMember-bank reserve balances do

Federal Reserve notes in circulation do

Ratio of gold certificate reserves to deposit andFR note liabilities combined percent..

3 2, 6503 6, 0003 2, 08833,912

3 5, 753

3 3, 0523735

3 1 , 966

286.4118.058. 5

3 56, 020333,902

3 3833(),82()315,696

356,0203 18, 722317,454330,643

3 31. 8

8 2, 8903 6, 7473 1, 9283 4, 819

3 6, 4033 3, 310

88403 2, 253

312.9129.764.6

3 58,0283 36,418

8633 33,5933 15,237

3 58,028

3 18,391217,0493 32,877

3 29. 7

2,6977,2392,0495,190

6,326

3,198701

2,427

299.6125. 061.7

297.0121. 561.6

113.9

55,314

33, 80496

32, 02715, 457

55, 314

18, 18816, 96530, 670

31.6

2 719

7,5222,0595,463

6,408

3,218711

2,479

320.7129.966.8

320. 1130.366.9

122.8

55. 594

33, 946338

32, 46815.346

55, 594

18, 04416,97130, 959

31.3

2 6447,8082,0625,746

6,428

3,240706

2,482

300.1119.561.9

310.2127.863 3

119 2

55, 042

34, 134389

32, 39115, 291

55. 042

17 86016, 78231, 178

31.2

9 7097, 1612.0985, 063

6, 430

3. 259735

2, 436

310.4130.363. 1

329.7140.1

67 0122 6

55, 615

34, 302138

32, 56315, 309

55. 615

18 09316, 77231,265

31.0

2 7337,8692 2305,639

6,418

3,280848

2,290

337.2136. 971.3

326. 7133.769 4

123 6

56, 336

34, 587332

32, 75815,310

56, 336

18 18716 92231,472

30.8

2 7448,1702,1725,998

6, 366

3,291858

2,217

296. 6116 763.8

312.7125 467 3

120 0

57, 848

35, 919868

33, 66715. 294

57, 848

18 20016. 95232, 290

30.3

2 8906,7471,9284,819

6,403

3, 310840

2,253

357.1151 074.6

333. 0139 669 7

123 7

58, 028

36,41863

33, 59315, 237

58. 028

18 39117,04932, 877

29.7

2 9387,7652 0425,723

6,460

3,333866

2,261

360.8153 973.5

340.0143 769 6

126 6

56, 389

34, 643364

32, 75215. 231

56, 389

18 12016 98331,988

30.4

3 0-^68,1192, 0796,040

6. 54?

3,364849

2, 330

294. 9121 160.5

316. 1129 465 5

191 1

56 998

35, 274570

33, 16915, 185

56, 928

18 539

17 14631,899

30.1

3 1029' 0385, 699

6 627

3,406815

2,405

342.9145 871.1

331.6138 168 4

125 1

56, 699

35,314130

33, 77015, 190

56, 629

18 95817 06032, 088

30. 2

3 1027,9202,0395, 881

6,727

3,445786

2,496

349. 9148 272.8

350.2146 072 4

131 8

57,101

35, 115116

33.1691 5,1 95

57, 101

17 91316 62932,177

30. 3

3 0498,3261,9736,353

6 813

3,481747

2, 585

329.6135 368 6

327.8135 167 7

195 0

57 158

36, 066926

34, 22915 176

57 158

18 23216 89032,411

30.0

3 1498, 0361 9486 088

6 (*40

3 516757

2 667

353. 8151 °

70 9

334 3140 267 5

126 7

57 742

36, 5897 9

34, 79415 185

57 749

18 25016 97332, 835

29.7

57 XS°

36, 797239

35, 05115 18s

57 889

18 44 ">17 39733.109

29. 5r Revised. v Preliminary. 1 Quarterly average.2 Excludes persons under extended duration provisions (thous.): 1963—-June, 60; July, 45;

AUK., 38; Sept., 36; Oct., 31; Nov., 20; Dec., 9; 1964—Jan., 3; Feb., 2; Mar., 1; Apr., 32; May,54; June, 68. 3 End of year.

f Revised back to 1951 to incorporate adjustments as follows: Enlargement of sample;updated seasonal factors; new weights for component indexes based on labor force in cities

covered; and shift of index base to 1957-59 = 100. Monthly data (1948-62) appear on p. 24 oithe Mar. 1964 S U R V E Y . ©Revisions back to 1959 are available.

f See corresponding note, bottom p. S-13. §"\Vages as of Aue. 1, 1964: Common labor,$3.295; skilled labor, $4.787.

cf Insured unemployment as % of average covered employment in a 12-month period.^Includes Boston, Philadelphia, Chicago, Detroit. San Francisco, and Los Angeles.9 Includes data not shown separately.

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

August 1904 SURVEY OF CURRENT BUSINESS S-17

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

End of year

1963

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

1964

Jan. Feb. Mar. Apr. May June July

FINANCE—Continued

BANKING— Continued

All member banks of Federal Reserve System,averages of dally figures :

Reserves held total mil. $Required __do_ __T C x c e s s _ _ d o

Borrowings from Federal Reserve banks. .-doFree reserves - do

Weekly reporting member banks of Fed. Res. System ,condition, Wed. nearest end of yr. or mo.:

Deposits:Demand adiustedo* mil. $_Demand total 9 -- --do

Individuals, partnerships, and corp do — .States and political subdivisions doU S Government doDomestic commercial banks do

Time total 9 doIndividuals, partnerships, and corp.:

Savings __doOther time do _-.

Loans (adjusted) totalcf doCommercial and industrial do __For purchasing or carrying securities doTo nonbank financial institutions _ _ d oReal estate loans d o _ _ _Other loans - do

En vestments, total. . do.. .U.S. Government obligations, total do

Notes and bonds doOther securities do

Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates), seas, adjusted :f

Totfll loans and investmentsO bil $LoansO - - ---doTT S Government securities doOther securities do

Money and interest rates: §Bank rates on short-term business loans:

In 19 cities percent--New York Citv _ do7 other northern and eastern cities do11 southern and western cities do. ..

Discount rate, end of year or month (N.Y.F.R.Bank) - percent..

F d 1 1 c\ b lr 1 do

Home mortgage rates (conventional 1st mort-gages):*

Existing home purchase (TJ.S.avg.) doOpen market rates, New York City:

Bankers' acceptances (prime, 90 days) doCommercial paper (prime. 4-6 months) _ . doFinance Co. paper placed directly, 3-6 mo__doStock Exchange call loans, going rate doYield on U.S. Government securities (taxable):

3-month bills (rate on new issue) percent..3-5 year Issues _ do

Savings deposits, balance to credit of depositors:N.Y. State savings banks, end of yr. or mo..mil.$-.U S postal savings ^ do

CONSUMER CREDIT*(Short- and Intermediate- term)

Total outstanding, end of year or month mil.$_.Installment credit total do

Automobile paper doOther consumer goods paper _ _ _ d oRepair and modernization loans doPersonal loans doBy type of holder:

Financial institutions, total doCommercial banks doSales finance companies doCredit unions doConsumer finance companies doOther do

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

N'on installment credit, total doSingle-payment loans, total do

Commercial banks doOther financial institutions _do

120,040119,468

157213041268

65, 843102, 10971, 5315, 1254,749

14, 32150, 386

34, 9209,221

82. 94735,3515,9287, 365

15,51922, 81248, 14732, 36924, 51415, 778

228 3133.965.229. 2

2 5. 002 4 782 5. 012 5 32

3.003 4. 0535. 56

33.013 3. 2633.0734 .50

3 2. 7783 3. 57

23,917539

63 16448, 03419, 54012, 6053,246

12, 643

41, 78219, 00512, 1944,9024,1311,5506, 2523,0131,073

3451,821

15, 1305,4564,690

766

1 20, 7461 20, 210

i 53613271209

67, 844104,33574, 5135, 3384. 556

13,32059, 227

38, 08313,31092, 90138, 793

6, 6218, 595

17, 88023, 80948, 40429, 01823,12719, 386

246.5149. 462.135.0

25.012 4 792 5. 012 5 30

3.503 4. 263 5. 50

35.8435.98

3 3. 363 3. 5533.403 4. 50

33. 15733.72

25, 693452

69 89053, 74522, 19913, 7663,389

14, 391

46, 99221,61013, 5235, 6224, 5901, 6476,7533,4271, 086

3281,912

16, 1455,9595,047

912

19, 72919, 355

374236138

60, 95495, 19865, 7244,9926,879

11,99554, 910

36,51811,23484, 31135, 391

5, 3597, 306

16, 82922, 74347, 99129, 78924, 25318, 202

238.4141.764. 432.3

5 .014 785.015 32

3.004.105.50

5.825.94

3.243.383.214.50

2.9953.67

24, 763484

64 98750, 30721,23612, 4223; 281

13, 368

44, 37320, 60212, 6935,2514,2411,5865,9342 925

997331

1,68114, 6805, 7094,893

816

20, 02019, 537

483322161

63, 28192, 81866, 7954,9684,920

10, 87455, 581

36, 74111,69184, 38436,014

5,3287, 624

17, 03023, 28347, 60129, 09923. 89418,502

238. 0142.662. 632.8

3. 504. 165.50

5.825.93

3.413.493.354.50

3.1433.78

24, 777478

65 49150, 89421, 59312, 4593,316

13, 526

44, 87820, 87412, 8075,3304, 2761, 5916, 0169 999

994343

1, 68014, 5975,6834,874

809

19, 71919, 256

463330133

61, 52888, 01264, 024

4,7153,759

10, 71056, 326

36, 89612, 18184, 50235. 2045,0447,447

17, 26923, 49646, 62427, 68323, 72418,941

239. 2143. 662.033.6

3.504.285.50

5.825.93

3.593.723.574.50

3.3203.81

24, 862472

66 30851,52621,81912, 6073,357

13, 743

45, 37521, 10112, 9065,4124, 3291,6276, 1513,1071, 004

3411,699

14, 782

5.7894,879

910

19, 94519, 533

41232191

61,88595, 23766, 3204,9026, 229

12, 27056, 711

37, 34212,01387, 36636, 145

6, 2297,731

17, 45523, 64747,61828, 36723. 40019, 251

241. 5145. 462. 233.9

5.014 815.015.30

3.504.445.50

5.815.94

3.633. 883.634.50

3. 3793. 88

25, 154466

66 53851,71821, 72512, 7023,377

13, 914

45, 68721, 11513, 0735, 4584,3811,6306, 0313. 0251,009

3211, 670

14, 8205,8444,927

917

20, 00319, 596

40731394

63, 80990, 87567, 3224,7622,304

11, 452

57, 553

37. 53412, 63986, 59836, 296

5, 4077,243

17,65124, 09747. 15627, 99023, 15019, 166

241.2146. 1

34.3

3.50

5.50

5.825.93

3.633.883.724.50

3 . 4533.91

25, 236461

67 08852, 25721,97112, 8453, 400

14, 041

46,16121,39113, 1875, 5294, 4251, 6296, 0963,0771,015

3251, 679

14, 8315, 8304,952

878

20, 11419, 705

40937633

63, 95093, 77169, 0015,0602,714

11,56957,951

37. 69912,79688, 57837, 254

5, 8527,226

17, 84624, 874

46, 72027, 92623, 3281 8. 794

244. 2148.4

34.4

3. 50

5.50

5.825.97

3.713.883.754.50

3.5223.97

25, 368456

67 74652, 69522, 10713,0463,407

14, 135

46, 46221, 48613, 3025, 5694, 4611, 6446,2333,1721, 032

3261,703

15,0515,8944,987

907

20, 74620, 210

536327209

67, 844

104,33574, 5135, 3384. 556

13, 32059, 227

38, 08313, 31092, 90138. 7936, 6218, 595

17,88023, 80948. 40429,01823. 12719, 386

246. 5149. 4

35. 0

5. 004.765.045.29

3.50

5. 50

5.805.98

3.633.963.844.50

3. 5234. 04

25, 693452

69 89053, 74522, 19913, 7663.389

14,391

46, 99221,61013, 5235, 6224, 5901, 6476, 7533,4271, 086

3281,912

16, 1455, 9595,047

912

20, 67520, 248

427256171

64,94090, 22467, 6054,9261, 545

10, 73960 276

38, 13114, 05789, 12237, 1955,9297,339

17, 99124, 60646, 74627, 75922, 36218, 987

246. 7151. 0

34. 9

3.50

5.50

5.835.98

3.703.973.824.50

3. 5294.06

25, 940447

69 9Q3

53, 59722, 18913, 6383.354

14,416

47, 30021. 63013,8405,5844,5921,654

6, 2973, 0631,065

3281,841

15, 606

5,9004, 991

909

20, 14819, 753

39530491

62, 56590, 57565, 4605,1883,755

10, 81060 930

38, 29114, 39089, 87537, 5905,6957,511

18, 16124, 66446, 97227, 59193, 26019,381

248.4151. 861. 235.4

3. 504. 625.50

5.815. 95

3.753.883. 764. 50

3.5324.02

26, 089436

68 78653, 55222, 27113, 4673,335

14,479

47, 45421, 79913, 7885,6074,5951,665

6,0982,9491,047

3301,772

15,2345,9585,036

922

20,21319,856

35725998

62, 532

95,81166, 6595,3495,130

12,19261 446

38, 70414,41892 00238, 308

6,0338, 179

18, 36625, 93946, 37J26, 87092 68019,501

251. 4153. 962. 135.4

4. 994 775.025. 29

3. 504.635.50

5.795.94

3. 754.003. 834.50

3. 5534.15

26,411430

68 91353, 79522,47113,4513,321

14, 552

47, 65321,91913, 8025, 6684,5971,6676,1423,0441,022

3341,742

15,1186,0025,076

926

20, 27319, 898

375213162

63, 95991,23266, 8135,5292,948

10 46462 223

38, 43714, 95092 20838 057

5,9527 881

18 52026, 02946, 47226, 71392 75919 759

251. 8155. 460. 835. 6

3.504. 705.50

5.795.92

3.803.913. 804.50

3.4844.18

26, 421425

69 81654,38222, 83013,4763,328

14, 748

48,19122, 22413,8935,7764,6281,670

6, 1913 1061,013

3401,732

15,4346,0485, 152

896

20 219L9 886

33325578

61, 47291, 47464. 3125, 3004,997

11 21863 100

38 79615, 46893 65838 943

6. 5988 013

18 70626 01046. 13326, 56729 58819 566

253. 5157. 360. 335.9

3.504.735. 50

5. 775.92

3. 753.893. 764.50

3.4824.07

26. 585421

70 94555, 12023, 25513, 5993, 364

14, 902

48, 82422, 55914. 0275, 8894, 6571,6926, 2963 1891,090

3481, 746

15, 8256.2065,230

976

20 55820 170

388270118

62 654

98 71767, 206

5, 4057 286

11 78463 119

39 05315 36096 099

38 7856, 7998 887

18 93696 97546 73826, 62199 49()90 117

255. 1158.959. 936. 3

4.99

5. 03

3. 504 745. 50

5 765. 89

3. 754.003.884.50

3. 4784.03

26, 900415

71 90755,91423, 70213,7303, 395

1 5, 087

49, 54322, 90714,228

6,0144, 7011,6936, 3713 2311 028

3551,757

15,9936 2335,313

990

20 66420 264

400265135

63 67490 75466, 3974,8973 604

10 44163 991

39 16815 943

94 56838 504

6, 3848 064

19 12027 119

45 76425, 70199 104

'>0 003

3. 50

5 765.93

3.753. 963.814. 50

3. 4793. 99

27, 051

r Revised.1 Average for Dec. 2 Quarterly average. 3 Monthly average.d"For demand deposits, the term "adjusted" denotes 'demand deposits other than do-

mes tic commercial interbank and U.S. Government, less cash items in process of collection;for loans, exclusive of loans to domestic commercial banks and after deduction of valuationreserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).

9 Includes data not shown separately. JData have been revised as follows: Com-mercial bunk credit (seas. adj. only), back to 1948; consumer credit—unadj., back to 1962;

seas, adj., back to 1960. Revisions are available as follows: Commercial bank credit,1948-63, in the June 1964 Fed. Res. Bulletin; consumer credit—1962 unadj., in the Nov. 1963Fed. Res. Bulletin; 1960-62 seas, adj., on p. 28 of the June 1964 SURVEY. ©Adjusted toexclude interbank loans. §For bond yields, see p. S-20.

*New series (FHLBB); data prior to Dec. 1962 not available. f Data are as Of en(j o,fconsecutive 4-week periods ending in month indicated, except June figure which is as of June30 (end of fiscal year).

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

S-18 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

June July An?'. Sept. Oct. Nov. Dec.

1964

Jan. Feb. Mar.! ! ]

Apr. May j June ! July

FINANCE—Continued

CONSUMER CREDIT!— Continued

Total outstanding, end of year or month— Con.Noninstallrne.nt credit — Continued

Charge accounts total m i l . $ _ _Department stores do —Other retail outlets do_ _ _Credit cards do

Service credit -do

Installment credit extended and repaid:Unadjusted:

Fxtended total doAutomobile paper _ _ d o . _ -Other consumer goods paper doAll other do

Repaid total do __.Automobile paper doOther consumer goods paper doAll other do

Seasonally adjusted:Fxtended total do

Automobile paper doOther consumer goods paper doAll other do

Repaid total doAutomobile paper do

All other do

FEDERAL GOVERNMENT FINANCE

Net cash transactions with the public :d"Receipts from - -- mil. $ .Payments to -- doExcess of receipts, or payments (— ) doSeasonally adjusted quarterly totals: §

Receipts -doPayments doExcess of receipts, or payments (— ) do

Budget receipts and expenditures:Receipts, total do

Receipts, netj doCustoms doIndividual income taxes doCorporation income taxes doEmployment taxes doOther internal revenue and" receipts do

Expenditures total f - - doInterest on public debt doVeterans' services and benefits doNational defense doAll other expenditures do

Public debt and guaranteed obligations:Gross debt (direct), end of mo., total. nil. $..

Interest bearing total doPublic issues do

Held by U.S. Govt. investment accts. doSpecial issues do

Noninterest bearing - - d o _ _ _Guaranteed obligations not owned by U.S. Treas-

ury end of month - -.bil $ _U.S. savings bonds:

Amount outstanding, end of month. doSales, series E and H doRedemptions do__ -

LIFE INSURANCE

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

b i l . $ _ _Bonds (book value), domestic and foreign,

total bil $U S Government doState countv municipal (U S ) doPublic utility ( U S ) doRailroad ( U S ) doIndustrial and miscellaneous (U S ) do

Stocks (book value), domestic and foreign, totalbil. $..

Preferred ( U S ) doCommon (U S ) do

IVTortgacre loans total doNonfarm do

Real estate doPolicy loans and premium notes doCash _ doOther assets do

Payments to policyholders and beneficiaries inU.S., total mi l .$__

Death payments doMatured endowments ._. . doDisability payments doAnnuity payments doSurrender values __ . . doPolicy dividends do

5,684927

4, 252505

3,990

4, 5941,6501.3071.6374, 2181.4561. 2451,517

8, 8509, 323-472

8, 9837, 059

1034,3401, 8211, 1081, 6127, 659

796442

4, 4252,052

303. 47

1299.211255.7Si 11.99i 43. 43

1 4. 26

i 47. 87. 36.47

i 133.29

i 63. 7216.1714.03

i 16. 5113.48

i 28. 64

16.3012.1814.03

146.90i 43. 50

14.11i 6. 23i 1. 46i 4. 57

777. 1323.259.511.869.8

147.7165. 0

5,871895

4, 456520

4. 315

5. 0681,8341,4171,8174. 5931.6131,3201,659

9. 3819, 763-382

9, 5237. 293

1054, 5251.8971,3461, 6507,849

852439

4,4142, 189

1309.35

1305.211 261. 56i 14.14i 43. 66

1 4. 13

i .74

i 49. 03.40.42

835.7350.7

67.412.975.1

149.1180.4

4,783'599

3, 689495

4, 188

5,2221, 9671,410i. 8-: 54,3991. 5251 , 2601,614

5, 0541,8201.4081,8264, 5681, 5881,3171, 663

13.9809, 4724, 508

27, 84528, 503-658

13, 99612, 061

955, 3055, 5111,3401,7457,715

865385

4, 6161,886

305. 86

301.95257.15

13. 4044. 803.91

.61

48.47.35.40

136. 70

65.235.763.98

16.523.50

29.77

5.452.273.10

48.4244.834.246.441.215.71

824.9325.065. 912.473.5

147.8200.3

4,760555

3, 682523

4,154

5, 3652, 0551,3931. 9174, 7781. 6981,3561,724

5. 1001,8541,4091, 8374, 5911, 6031,3301,658

4, 69310,045-5, 353

4,8713, 547

1171,676

574537

1,9677, 863

882468

4.1782, 579

304. 84

300. 94257. 21

13. 2043. 723.90

.65

48. 58.41. 4 4

137. 67

65.585.843.95

16. 493.48

30. 07

5.452.283.08

48. 6645.034.266.511.265.94

798.3352. 363. 913.580.3

150. 1138. 2

4,839579

3,713547

4. 154

5, 242i 839, 456,947,610, 6 J 3. 308, 689

, 100, 802,441, 857,619, 607, 326. 686

10, 96011,287-328

9, 9777. 290

1085. 785

3862, 0611 . 6338, 305

85046f>

4. 4692, 572

306. 54

302. 52257. 01

13.2145. 524.01

.67

48. 70.40.39

138.36

65. 725.813.94

16.493.48

30.23

5.502.293.11

48.9645.294.316.551.256.07

780.6343.864.712. 762.3

154.1143.0

4. 833620

3, 667546

4,143

4, 7551,5241,3841,8474, 5631, 6181, 2891, 656

5, 0931, 7301.4251. 9384. 7521,6591,3471.746

11.6529 5192, 102

28, 47230, 395

-1,923

11,722

1045. 3503, 6031 , 0981.5677,815

856438

4, -'152, 334

306. 64

302. 66258. 01

13.4844. 653.97

. 69

48.74.35.42

138. 76

65.795.823.89

16.463.47

30. 33

5.562.303.17

49.2345.524.346.581.345.92

798. 5324. 663.812.671.9

143.7181.9

4,898639

3.743516

4.. 103

5, 4872,0401, 5471,9004,9481,7941,4041, 750

5.3111, 9101, 4571, 9444, 7801.6761,362

4, 42310.740

-6,318

4,3713.400

1231,651

557468

1, 5718, 776' h65463

4,7102, 750

306. 44

302. 46259. 1813. 7643. 283. 93

.71

48. 82.39.42

139. (U

66.085.833.89

16.473.46

30.62

5.562.293.18

49.5445.804.366.621.346.11

860.7368. 1

70.613.176.0

149.4183.5

4.999667

3,817515

4,158

4.9811. 7341,5171,7304,5431,5981.3161.629

4, 9791. 7921.4321,7554. 5961.6381.3241,634

9,6179,812-194

8,9117,131

1065,541

3961,4401,4287,784

863454

4,0812, 386

308. 22

304. 09260. 54

14.0143. 554.12

72

48. 93.33.34

140. 21

66. 365 793.89

16.483.45

30.98

5.582.313.18

49.8146. 064.376. 651.326.11

731.3307.5

67.411.571.9

127.1145.9

5, 871895

4, 456520

4,315

5,9741, 7672.0942,1134.9241, 6751,3741,875

5 272,914,523, 835,812.707,384,721

10. 50310, 069

433

28, 97629, 962-986

10, 3798, 803

1033,5823,7261,1471, 8208, 289

903455

4. 5152, 442

309. 35

305.21261. 56

14. 1443. 664.13

.74

49. 03.36.39

140.90

66. 105.763.88

16. 433.43

30. 94

5.682.343.25

50 5446. 754.356.691.446.10

1, 083. 0369.773.114.874.4

163. 5387. 5

5,339782

4, 014543

4, 367

4,7841,6891, 3801,7154,9321,6991.5081, 725

5. 2761,8881,4931, 8954, 8481, 6841,4411. 723

6, fi289. 848

-3, 219

6, 5805, 853

1013,873

583404

1,6198, 492

925481

4.3482, 819

308. 58

304. 50262. 58

14. 4441. 924.08

.76

49.11.47.53

141.87

66. 635. 783.86

16.443. 41'

31.41

5.742.353.29

50. 8347.01

4.376.731.286.29

885.8400. 378.712. 693. °

151.5149. 5

4, 805655

3, 590560

4,471

4, 5521,6861,2121,6544, 5971, 6041, 3831, 610

5,4211, 9531,5781,8904, 8421.7161,3951.731

11. 5259, 3932,132

12, 2358,047

87

6,975451

2, 8351,8877.521'880450

4, 3651,946

310. 36

306. 13263. 2514.3942. 88

4.22

. 79

49. 21.41. 43

142. 53

66. 795. 803.86

16. 423.42

31.46

5.772.353.32

51. 1347.27

4.386.771.276.43

838.2364. 6

72.112.1

77.4146. 6165. 4

4,634614

3,485535

4,482

5 3'>21,9831,4881,8515,0791,7831,5041,792

5, 4801,9421,6651,8734, 9561,7351.4681,753

12,1689. 3902,778

29, 00830 J91-823

13. 96110, 148

1083, 9916, 6541, 5791,6297,871

907455

4,3782,143

309. 59

305. 40262. 1814.2343.224.18

. 82

49. 26.40.48

143. 07

66. 765.733. 85

16.443.41

31.51

5.852.363.39

51.4447.524.396.821.286.53

938. 0397. 681.313.882.5

167.3195. 5

4,833610

3, 667'556

4,553

5,5782, 1271,4951, 9564, 9911, 7681,4701, 753

5,3711,9611,5441, 8664, 9591, 7591,4531,747

8,33410, 163

-1,829

9, 5596, 609

1095, 895

6841, 1061, 765

7,930895415

4, 5642,071

307. 60

303. 38261. 38

13.9342.004. 22

.80

49.30.38.45

143. 68

66. 915. 693.85

16. 433.41

31.64

5.902.373.43

51. 8147.82

4.406.871.176.61

885.5386. 575.513.779.6

158.5171.7

5.0996'? 6

3.910563

4 590

5.5842, 1371.5471. 9004.8461,7121. 4241.710

5, 5522. 0231, 5891,9405. 0591, 7761. 4831 , 800

10 65°9,5331,119

10. 5256.136

1005. 398

4912, 8641.6727. 511

899449

r 4. 666a, 523

311.53

307. 21262. 18

14. 1645. 03

4. 32

.80

49. 37.37.41

144. 31

67. 115.733.83

16. 473.40

31. 76

5.942.393.44

52. 1248.08

4.426.911.186.64

830. 2356. 9

72.013.775.0

147.8164.8

5, 238fil()

4, 028600

4, 522

5, 9492,2451, 6322. 072

5, 1 551, 79S1 . 5011 . 856

5, 3991, 9621, 5371, 9005, 0291. 7681. 4861, 775

14.2X010,29!)3. 996

28, 43829, 341

—903

"14,438'•12,310

" 117I'* 4, 810P 6, 196" 1,4(10P 1,855

v 9, 513p 948p 500

p 5, 661-" 2, 451

311.71

307. 36260. 73

14.3446. 634. 36

.81

49.44.38.45

311. 18

30(1 ho261. 12

45. 744.33

. N2

49. 50.39. 47

~ ~

IData for net receipts and total expenditures reflect exclusion of certain interfund trans-actions.

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

SUEVEY OF CURRENT BUSINESS S-19

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 | 1963

Monthlyaverage Juno July Aug.

1963

Sept. Oct. Xov. Dec. Jan. Feb. Mar.

1964

Apr. May June July

FINANCE—Continued

LIFE INSURANCE— Continued

Life Insurance Agency Management Association:Insurance written (new paid-for Insurance) 't

Value estimated total m i l . $ _ _Ordinary doGroup and wholesale doIndustrial do

Premiums collected:Total life insurance premiums do__

Ordinary doGroup and wholesale doIndustrial - do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end ofyr.ormo.)_mil. $_.Net i-pip^p from earmark^ do"Exports thous $Imports - do

Production world total mil $So nth Africa doCanada doUnited States do

Silver:"Exports thous $Imports _ _ doPrice at New York dol. per fine oz__Production:

Canada tnous fine o/IVTexloo doUnited States . do

Currency in circulation, end of yr. or mo bil $

Money supply and related data (avg. of dally fig.) :|Unadjusted for seas, variation:

Total money supply bil $Currency outside banks doDemand deposits _ _ _ _ d o

Time deposits adjusted^ doU S Government deposits. do

Adjusted for seas, variation:

Currency outside banks doDemand deposits do

Turnover of demand deposits except interbank andU.S. Qovt., annual rates, seas, adjusted:

Total (344 centers) ratio of debits to deposits..New York City do6 other centered" . do337 otber reporting centers do

PROFITS AND DIVIDENDS (QTRLY.)

Manufacturing corps. (Fed. Trade and SEC):Net profit after taxes all industries mil $

Food and kindred products doTextile mill products - doLumber and wood products (except furniture)

mil. $Paper and allied products. . . _ . doChemicals and allied products - d o _ _ _Petroleum re fin in £r _ ._ _ - _ doStone, clay, and glass products doPrimary non ferrous metal _ ... doPrimary iron and steel -doFabricated metal products (except ordnance,

machinery, and transport, equip.) mil $Machinery (except electrical) doElec. machinery, equip., and supplies doTransportation equipment (except motor

vehicles, etc ) mil $Motor vehicles and equipment _ doAll other manufacturing industries do...

Dividends paid (cash), all industries doElectric utilities, profits after taxes (Federal Re-

serve) mil. $Transportation and communications (see pp. S-23

and S-24).

SECURITIES ISSUED

Securities and Exchange Commission: tEstimated gross proceeds, total. mil. $..

By type of security:Bonds and notes, total do

Corporate _ _ _ doCommon stock _ _ _ _ _ _ d oPreferred stock d o _ _

6, 6314, 6801,358

587

1.052778155120

115,978-66

31,74712, 578

r 2 107. 974.412.14.5

1,2626, 208

3 1. 084

2.5563,437

* 3, 029

- 35. 3

5 146. 2530.1

8 116. 15 91.1

55.9

41.577.841.227.7

64,430«342688

6416 157e 5606809814561338180

6152632763056 11065726508

6 2, 320

6513

2,496

2,35274710935

7, 4555, 2841. 574

596

1,125842167116

115, 513-21

16, 9823,701

2 112.580. 011.64.3

3,4805, 9101.279

2,4873, 2863, 843

137.7

5 ir>o. 6s 31. 5

5 119. 05 105. 5

5 5.9

44.384.844.629.0

64,871e 362

6 88

6 626 158°607e 9586 1486 1416234

e 167« 358e 325

6 1116 640c 510

e 2, 467

« 546

2,635

2, 5219068529

7,1995,1921,404

603

1 072811159102

15,733-39

152, 062

SO. I11.6

2, 0186, 8541.277

2, 4083. 1953, 346

35. 5

148.331.4

116.9105. 2

7.5

150. 231.5

118. 6104. 6

42.579.342.728.1

5 21335690

68164674865219149321

179417326

129751503

2,371

498

5,054

4,9421 133

7538

7,1795, 1921,417

570

1,127853160108

15, 633-169

1899,769

81.610.9

2656,0131. 290

>?, 2163, 5873.800

35.7

149. 531.8

117.7106.2

7.8

151.031 0

119, 4105 6

45.885.146.830. 3

2,089

1,9897106535

7,0825, 1491,339

594

1,127847174100

15, 582—44

837, 506

81.711.7

1,0244, 8051 . 288

2, 9083. 3503, 328

35. 8

149. 231.9

117.3107. 5

0.3

151. 231.8

119.5107. 1

44.988.944. 229.5

1,980

1,8806566139

7, 3615, 0991, 662

600

1.000799100100

15, 5820

50. 2801.321

80.9n.5

2. 9450, 7981.293

2. 2853. 2453, 707

35. 9

150. 631.9

118.6108.3

6. 6

151.631.9

119.7108. 1

46.896.946.729.9

4 785417

97

96153606938204129184

202362312

114305607

2,164

529

1, 673

1,58678481

5

8, 4005, 9901.764

640

1. 154870170108

15. 583107

28, 1391,749

82.019 2

5, 7507,1781.293

'' 7072, 5423, 218

36 2

152. 532.1

120. 4109. 5

5.3

152 332 0

120 3109 3

40. 287.248.430. 1

2,977

2,8529929134

7,5375, 5481,388

601

1, 065811150105

15, 582-23

28,4162, 094

81.611.7

11.4394, 0581.293

2,8903, 4893. 682

37.2

154. 832.6

122.1110. 2

4.4

153. 532 3

121.2111 1

43.680.746.029 0

2,117

1, 95873910654

9,2816, 0962, 651

534

1,351929205217

15, 51394

28, 1422,489

78.010.8

3, 7806,4331. 293

2, 2033, 3733, 593

37.7

157. 233.1

124. 1111.0

153. 239 4

120. 711° 3

40. 389.047.529.8

5 461397103

55194636

1,117145100265

171333370

109807570

3, 131

532

2. 312

2,2291 376

5330

6, 9325,0701,350

512

1. 168889173100

15, 51255

50, 2942, 404

78.710.7

5, 2300, 6381.293

r 2. 5503, 3213, 000

30. 2

157. 832.4

125.4113.2

4.2

153.832 6

121. 2113 9

47.192. 147.830 6

2,482

2, 3608639527

7,5635,3361, 609

618

1,152878164110

15, 40215

84, 4382.011

79. 99.8

7,0106, 1891.293

r 1, 9803, 9244, 150

36.3

153. 832.3

121. 5114.6

4.8

153. 832 7

121.1115 1

44.880. 245.429.5

2, 022

1,933621808

8, 5536.1241 , 798

631

1,179897177105

15,401109

28, 3342, 357

84. 910.3

4, 0230.0071. 293

r 9 994

3, 0493, 770

30. 8

152.932.0

120. 3115. 7

0.1

154. 232.9

121. 3115. 7

46.791.646.930.1

5 12134185

61162630

1,02270

174262

1524163'>3

111829

489

2,410

660

2 121

2,031714873

9, 0900,3082.174

608

1, 157879170102

15, 46249

56 3071.813

82. 311.0

11 3103. 0971. 293

3 990

36. 9

155 332 7

122. 6110.7

4 °

154 733 0

121 7116 4

49.195.549.331 6

4, 866

3, 50381 ' }

] 34922

7. 987 8, 9175. 913 6, 1551, 427 2, 140

647 622

1,135 1,174856 883172 190107 100

15,103 05,461 15, 462— 21 —48 ;

28. 1551. 855

10. 7 :

3,883 !7,108 : :1 . 293 1 . 293 1 . 293

37. 2 37. 7

152.4 153.0 155 '?33.0 33.3 33 7

119.4 I 120.3 121.5118. 1 119.2 120 1

0.9 i 7.8 7.0

154 5 ! 155 0 150 733 3 33 4 33 5

121 3 12? 1 p>3 3117 4 l]g 5 n9 4

46.8 I 47.5 :90.9 j 94.5 '47. 6 i 47. 1 _ .30 4 i 30 5

I

i

9 934 i

2. 086Q77

9850

r Revised. i End of year. 2 Estimated; excludes U.S.S.R., other Eastern Europeancountries, China Mainland, and North Korea. 3 Effective Aug. 1902 for silver in com-mercial bar form (priced 1A cent higher than on former basis; f l u cent higher effective Nov. 15,1962). 4 Based on refinery production (U.S. Bu. of Mint data); not comparable withlater figures shown, which are from Amer. Bu. of Metal Statistics. 5 Average of dailyfigures. 6 Quarterly average. c Corrected.

^Revisions will be shown later as follows: Insurance written for Jan.-Apr. 1963 (all series)and 1962 (total and ordinary); securities issued, 1901-62. Revisions back to 1947 for moneysupply and related data are available in the June 1964 Fed. Res. Bulletin; these revisionsresult from adjustments to new benchmarks and from revisions of seasonal factors beginning1955.

§Or increase in earmarked gold (—). t Time deposits at all commercial banks other thanthose due to domestic commercial banks and the U.S. Govt. d*Includes Boston, Phila-delphia, Chicago, Detroit, San Francisco, and Los Angeles.

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

S-20 SUEVEY OF CUEEENT BUSINESS August 10(i4

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 | 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission!— ContinuedEstimated gross proceeds— Continued

By type of Issuer:Corporate total 9 mil.$

Manufacturing doExtractive (mining) doPublic utility doRailroad doCommunication doFinancial and real estate .-do

Noncorporate, total 9 - -- doTJ S Government doState and municipal do

New corporate security issues:Estimated net proceeds, total --do

Proposed uses of proceeds:

Plant and equipment do^Vorkincr capital do

Retirement of securities doOther purposes do

State and municipal issues (Bond Buyer):Long-term - --do __Short-term . do

SECURITY MARKETS

Brokers' Balances (N.Y.S.E. Members CarryingMargin Accounts)

Cash on hand and in banks mil .$__Customers' debit balances (net) -- _-do__Customers' free credit balances (net) doIVToney borrowed do

BondsPrices:

Standard & Poor's Corporation:Industrial, utility, and railroad (A1+ Issues):

Composite (19 bonds) cf—.dol. per $100 bond..Domestic municipal (15 bonds) do _

U.S Treasury bonds taxable 1 -- doSales:

Total, excl. U.S. Government bonds (SEC) :All registered exchanges:

Market value mil $Face value do

New York Stock Exchange:Market value doFaco value do -

New York Stock Exchange, exclusive of somestopped sales, face value, total mil. $__

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

By ratings:Aaa _ _ doAa doA do _Baa _ _ _ - _do

By groups:Industrial do _Public utility doRailroad do

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

U.S. Treasury bonds, taxable© do

Stocks

Cash dividend payments publicly reported:Total dividend payments mil. $

Finance doManufacturing. __ do .Mining doPublic utilities:

Communications doElectric and gas do

Railroads doTrade doMiscellaneous _ _ __ do

Dividend rates and prices, common stocks(Moody's) :

Dividends per share, annual rate (200 stocks)dollars..

Industrial (125 stocks) doPublic utility (24 stocks) do— _Railroad (25 stocks) doBank (15 stocks) _ doInsurance (10 stocks) do

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

' Revised 1 End of year. 2 Annual total.^Revisions for 1961-62 will be shown later,cf Number of bonds represent number currently u

affect the continuity of series.

892271

17235

1910.9158

1,604716713

875

687471216

63126

713397

1405i 4, 1491 1, 216i 2, 820

96.2112.1

86.94

144. 14148. 83

138. 80143. 27

121. 21

4.62

4.334.474. 655.02

4.474.514.86

3.143.18

3.95

215,076

2 2, 36027,823

2549

21,4112 1, 773

235326062201

5.996.432.973.364.305.31

177.87189. 9591. 5063.39

9 Includsed; the<

1,02029518

2223691

260

1,615601842

1,007

749450299127130

842457

1 4611 5, 5411 1,210i 4. 481

96.8111.3

86.31

145. 04137. 82

138. 94132. 17

123. 61

4.50

4.264.394.484.86

4.424.414.65

3.183.23

4.00

216,188

2 2, 48728,510

258221,45621,900

237726422232

6.426.983.213.504.465.84

202. 32218. 24102. 7978.49

es data3hange ii

1,24623983

4137766

285

3,8082,2521,072

1,230

783512271217230

1,072544

4074, 9301,1493,953

97.1110.7

86.36

126. 55127. 69

119. 48122. 36

104. 26

4.47

4.234.364.454.84

4. 404.404.61

3.223.27

4.00

2,321.1

197.11, 546. 4

112.2

102.8212, 259.261.329.9

6.406.973.213.484.455.84

198. 62214. 45102.1082.42

not sho\i the nu

810330

4191269293

1,279413789

797

58837421412189

789392

4234,9201, 1263, 865

96.6110.3

86. 16

116.30113. 84

110. 37109. 00

95.87

4. 49

4.2(54.394.474.84

4.434 494 6°

3. 123.29

4.01

1,081.5

220.7355.515.5

258.4133.916.764.216.6

6.416.973.213.484.455.84

198. 29214.19102. 4478.81

-n separrnber dot

756279

13124

897

161

1.224398726

745

56626929710771

726567

4065, 0571,0933. 956

96. 5111.4

86. 45

128 95120.99

123. 41116.29

106. 74

4.50

4.294.404.484.83

4.454.424.63

3.153. 22

3.99

454.3

96.0170.1

2.8

3.0131.9

8.732.29.6

6.416.973.233.484.455.86

207. 81225.11107. 5782.73

itely.s not

871287

6795140

358

802347452

862

730373357

6765

452283

4315,3561,1804,169

95.9110.7

85.77

120.86113.87

113.14107.96

94.41

4. 52

4.314.414. 504.84

4.464.444. 05

3.193.27

4. 04

2, 230. 6

233.11, 406. 0

110.0

120.1215.1

56.462.127.8

6.416.973.303.494.455.86

206. 58223. 69105. 1479.11

1,11624718

2781746

453

1.861394

1,282

1,101

91236854488

100

1,282427

42?5.5241.1764. 251

95.9109.9

85.50

131.47121. 30

122. 60114.33

107. 04

4. 52

4.324.434.514.83

4.474.444. 06

3.243.32

4.07

1,071.4

216.9358.415.1

244.5134.921.262.917.5

6.517.103.303.604.455.86

214. 67231. 19102. 5378.73

^ Prices aOFor bo

891226

171742716

345

1,226333688

879

60635425261

212

688613

4785,6211.2114. 485

95. 9108. 5

85. 03

162. 77158. 36

158. 16153. 92

173. 13

4.54

4.334.444.544.84

4.474.454.68

3. 313.41

4.10

480. 7

124.8165.6

3.4

3.2136.7

6.230.410.4

6.807.393.323.604.515.86

211.74228. 76100. 8280.68

re derivends due

1,459531

2203

4465

426

853357483

1,444

1,098674424

30316

483259

4615.5411.2104,481

95. 4109. 5

84. 64

322. 41240. 58

317. 40235. 87

234. 32

4. 55

4. 354.464. 544.85

4.484.494.68

3.263.34

4.14

3, 316. 7

449.22, 164. 8

175.1

124.2216.887.662.436.6

6.827.413.333.674.515.86

216. 57234. 99102.3184.06

dfrom aor callab

98516654

13730

159335

1,497474

1,006

972

8454733724385

1,006267

4645,5461,2624,251

95.3111.2

84.42

286. 79253. 71

280. 62248. 73

284. 85

4.56

4.374.494. 564.83

4. 504. 514.68

3. 133. 23

4. 15

1, 187. 5

305. 1346.218.1

247.0135.026.490.219.5

6.897.523.333.674.545.86

222. 47241. 38103. 6984.81

verage yiein 10 y

71012810

1613584

113

1,312413810

702

523330193

17162

810470

4655, 4051, 1994,191

95.7112.3

84.60

230. 97213. 65

226. 21209. 23

226. 12

4.55

4.364.464.564.83

4.484.514.67

3.173.17

4.14

594.7

209.3170.8

2. 2

3.0140.1

8.847.712.8

6.917.553.343.704.555.90

225. 21246. 19104. 2387.99

elds on bears or ID

80516530

1952436

329

1.316399844

796

677341336

4277

844593

4745, 3871,2314, 156

95.2109.9

84.10

253. 06240. 93

244. 06232. 30

212. 95

4.56

4.384.474. 564.83

4.494.514.67

3.323.32

4.18

2, 377. 0

240.21,542.9

110.6

109. 6223.862.457.430.1

6.937. 563.383.724.555.90

227. 79250. 46103. 1388.26

asis of atore.

2,17517125

17248

1,376266

2,6911,4441,204

2, 156

2,0081,744

26445

103

1,204869

4585. 5311,1654,428

94.6110.3

83.84

288. 43228. 37

282. 05222. 06

226. 94

4.58

4.404.494. 594.85

4.534.534.69

3.263.29

4.20

1,131.1

221.2353.318.2

289.4140.123.866.718.4

6.957.583.383.724.555.90

229. 62251. 53104. 0088.66

i assume

1,124183

175022527

229

1,109367660

1,110

931671260

69109

660515

4485,4581,1384. 475

94.7111.6

84.38

257. 85236. 45

252. 29''31. 2°

200. 45

4. 59

4.414. 504.604.85

4.544. 534.69

3.J 63.21

4.16

454. 2

104.0164.5

3.9

3.5137.5

5.723.711.4

6.977.613.383.724.555.90

232. 35255. 45104.1194.99

d 3 percc

'900r393

4645, 3911, 1464.431

94.9111.8

84. 70

242. 25229. 17

235. 6690 1 9g

215. 15

4. 59

4.414.514.604.85

4.544. 554.70

3.203.20

4.13

2, 566. 0

229.31, 722. 5

112.3

111.6225.863.965.635.0

6.987.613.383.764.555.90

236. 24257. 62105. 4099.52

mt 20-ye

884218

95, 2112. 1

84. 70

190. 12

4.58

4.404.504.584.83

4.524.544.68

3.193.18

4. 13

1,157.8

241. 1362.116.6

288. 7141. 121.170.316.8

7.037.683.393.764.555.90

240. 48263. 49110.76100.64

ar bond.

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

Aujrusl I!l(i4 SURVEY OF CUEEENT BUSINESS S-21

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

FINANCE—Continued

SECURITY MARKETS— Continued

Stocks— Continued

Dividend yields and earnings, common stocks(Moody's):

Yield (°00 stocks) percent--Industrial (125 stocks) doPublic utility (24 stocks) do _ _Railroad (25 stocks) doBank (15 stocks) do _ _Insurance (10 stocks) - do

Earnings per share (indust., qtrly. at ann. rate;pub. util. and RR., for 12 mo. ending each qtr.):

Industrial (125 stocks) dollarsPublic utility (24 stocks) doRailroad (25 stocks) do

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

Prices:Dow-Jones averages (65 stocks)

Industrial (30 stocks)Public utility (15 stocks) __ _Railroad (20 stocks) -

Standard & Poor's Corporation:^Industrial, public utilitv, and railroad:

Combined index (500 stocks) 1941-43=10..

Industrial, total (425 stocks) 9 doCapital goods (122 stocks) doConsumers' goods (188 stocks) do

Public utility (50 stocks) doRailroad (25 stocks) do

Banks:New York City (10 stocks) doOutside New York City (16 stocks) do

Fire and casualty insurance (22 stocks)!- -do

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

M^arket value mil $Shares sold millions

On New York Stock Exchange:

Shares sold (cleared or settled) millionsExclusive of odd -lot and stopped stock sales

(N.Y. S.E.; sales effected) millions--

Shares listed, N.Y. Stock Exchange, end of mo.:Market value, all listed shares bil. $__Number of shares listed millions.-

3.373.393.255.303.312.48

111.10M.732 5. 73

4.50

221. 07639. 76121.75132.61

62.38

65. 5458.1554.9659.1630.56

33. 7566.1957.43

4, 561139

3,94599

80

339. 297,464

3.173.203.124.463.152.51

1 12. 4324.992 6. 29

4.30

253. 67714. 81138. 36165. 30

69.87

73.3963.3062. 2864.9937.58

36.7574.8163.38

5,359153

4,574113

96

386. 637,906

3.223.253.144.223.222. 55

12.954.875 23

4.29

257. 30719.14139. 86171.89

70. 11

73.6164.0362. 3264.8739.34

37.0175.8562.76

5,036149

4,279107

91

383. 007,923

3.233.253.134.423.122.54

4.34

252. 72700. 75138. 73170. 62

69.07

72.4561.8261.4164.4738.75

36.8775.2962.58

4,533132

3, 82796

76

382. 217,952

3.083.103.004.213.022.48

4.30

257. 69714. 15142. 83172. 93

70.98

74.4363.3063.4566.5739.22

37.7676.8263.61

5,033144

4,215102

92

400. 967,972

3.103.123 144.413 122.57

11 054.916 37

4.30

262. 53738. 52142. 74172. 71

72. 85

76.6364 9666. 4567.0939.00

38.3377.3164.96

6 093170

5,161123

107

396. 248,010

3.033.033.224.573.082.52

4.26

262. 16747. 52138. 68170. 41

73.03

77.0965. 5767.0965.5538.31

37.0476.0563.79

7 049184

5,943136

122

407. 248,029

3 213.233 294.463 252 61

4.28

261. 09743. 24137. 59171.16

72.62

76.6966 4566.4464.8138 60

36 6775 2463.00

6 003149

5 082111

94

401. 608,042

3 153 153 951.373 172.57

14 454 996 29

4.32

266 33759 94137 77176 16

74.17

78 3868 5466.3865.6439 92

36 2975 3763. 73

6 156169

5 154123

99

411. 328,108

3 103 123 214.333 132 52

4.31

272. 31776 62140. 19180. 93

76.45

80 8571 8967.3667.2641 00

37 6077 3965.46

7 649'200

6 149145

117

422. 518,183

3 073 073 204.213 142 48

4.31

276 74793 03140 09184 55

77.39

81 9672 9268.1167 2041 54

37 0675 9066.19

5 317140

4 280102

88

428. 428,214

3 043.023 284.213 022.49

r 13 855 026 81

4.34

282. 93812 18139 25191. 97

78.80

83 6475 4870.1566.7842 88

38 4976 9067.06

6 401'l85

5 325137

114

436. 798,301

3 033.013 254.202 992 46

4.37

286. 09820 94139. 02196. 15

79.94

84.9276 5270.9367.3043 27

39 2077.1767.07

6 982210

5 933156

124

441. 728,378

3 002.983 253.922 942 45

4.41

289. 33823 12140. 86202. 08

80.72

85.7976 5072. 6767. 2944 86

39 8877. 6667. 62

6 072168

5 196125

99

447. 628,480

2. 952.953 213.782.982.45

15 005 136 95

4.41

290. 08817. 63141. 56206. 59

80.24

85.1375 8572.4267. 4646.29

38.9176. 6966. 96

5 683155

4 745114

96

455. 018,841

2.922. 913. 063.742.952.39

4.37

302. 02844 24147. 37218. 78

83.22

88. 1977 7675.4770.3548 93

39 7876.9868.31

103

464. 548,941

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Valuet

Exports (mdse.), incl. reexports, totall mil. $_.Excl Dept. of Defense shipments do__

Seasonally adjusted __ __ do

By geographic regions: AAfrica - - doAsia doAustralia and Oceania do

Northern North America doSouthern North America doSouth America -_ do

By leading countries:Africa:

United Arab Republic (Egypt Reg.)..-doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea doIndia _ _ _ _ _do._Pakistan - doMalaysia© -- - - - - -do _

Indonesia doPhilippines __ _ __doJapan do

Europe:France _ do_East Germany do _ _ .West Germany do

Italy _ _ doUnion of Soviet Socialist Republics do ..United Kingdom ___ _ do

1, 806. 01, 745. 4

81.8343 739.8

543 5

319.4130.7167 7

19.618 6

34.255.823 7

9 922. 4

117 9

48 9. 1

90 0

64 11.3

89.6

1, 934. 01, 857. 3

82.4398. 143.6

589 0

343.2142. 2159. 6

17.523 0

36.567.032.3

8 826. 9

141 5

56 5.5

92 0

73 41.7

96.8

1, 865. 61, 779. 2

1, 784. 7

77.2347.544.3

553 8

371.0138.0146. 2

19.821 3

38.558.622 0

8 621.6

113 7

59.0(3)

88 1

82 31.8

71.4

1, 818. 01, 713. 6

1, 823. 0

87.4395.241.6

494 7

329. 9136.3141 8

15.122 6

33.570.724 5

6 0

lie' s

38 3

75 8

70 92.8

80.4

1, 903. 21. 810. 7

1, 894. 6

78 6401 7

42 3561 3

328.7140. 2156 2

13.823 9

34.169 137 3

4 g26.2

144 7

52 7(3)

90 9

80 52. 2

87". 1

1, 823. 51 765 5

1 979 6

79 1381 2

40 7544 8

349 1142. 9131 1

16.004 §

32. 260 636 9

10 924.1

139 4

51 1(3)

88 4

68 6.6

104.3

2, 079. 82 023 0

1 946 4

79 3442 4

44 8658 8

405 9154.5149 9

16.294 5

37.772 847 8

7 835.5

159 7

63 51

98 9

79 93.6

130.7

2, 104. 52 028 5

1 944 6

92 6438 0

55 8671 6

359 2152. 6171 9

13.626 4

50.076 525 6

I9 829.9

173 9

64 11 9

103 9

74 41.6

125.6

2, 155. 42 092 3

2 049 4

95 6489 7

59 7678 9

355 4147. 1170 5

17.729 8

45.498 745 5

7 929.3

168 8

64 79 3

103 0

80 91.7

114 5

2,117.52 095 0

2 037 3

86 2449 4

48 6695 1

339 6149.4156 2

13.426 1

37.680 225 56 2

12 830.2

184 6

84 23 2

97 6

70 88.3

199 Q

2, 091. 51 994 5

2 028 7

95 6420 1

702 0

341 6149.7147 3

22 89Q 7

40.870 9

21 35 8

6 7

29.91(\(\ ft

66 03 5

Q7 &

75 229.3

193 9

2 179 32 127 2

2 077 5

no 9dnfi Q

54 0700 9

407 2161.2161 3

21 1

47.6R7 *i

a 1

4 ri

29.3

7-1 A1 8

n o o

TO Q

55.3191 7

2 206. 72 120 4

2 046 0

99 1410 448 7

692 3

426 2167.0161 7

23. 598 9

40.676 120 06 0

2 231.3

1 ro A

(\K n

i^116 6

7d ^

22.21H7 A

2, 256. 62 204 3

2 052 1

115 2450 6

59 0695 5

495 5164. 6186 6

r 29. 6

37 3

49. 797 830 6

6 4

3 9

32.6

71 °.

4 0

m 7

R1 n13.8

111 9

2, 099. 12 031 1

2 004 3

103 9372 3

58 8692 3

417 3179. 4179 5

24.2oo 7

49.855 138 46 1

3 9

30.41 9S °.

fi1 ^1 i

% o

1.81H7 Q

T Revised. » Preliminary. 1 Quarterly average at annual rate. 2 For 12 monthsending Dec. 3 Less than $50,000.

cfNumber of stocks represents number currently used; the change in number does notatl'ect continuity of the series. 9 Includes data not shown separately.

fRevised series; former series covered fire insurance only.

t Revisions for various periods prior to Feb. 1963 will be shown later. ^Includes grant-aid shipments under the Dept. of Defense Military Assistance Program, as well as economicaid shipments under other programs. AExcludes "special category" shipments.

OCountry designation established Jan. 1904.

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

S-22 SURVEY OF CURRENT BUSINESS August .1 !><>-»

Unless otherwise stated, statistics through 1962and descriptive notes are sh^wn in the 1063edition of BUSINESS STATISTICS

1962 1063

Monthlyaverage June .July Aug.

1963

So pi . Oct. Nov. Dee.

1%-i

Jan. Feb. Mar. 1 Apr. May June July

FOREIGN TRADE OF THE UNITED STATES— Continued

FOREIGN TRADE— Continued

Value— Con tinned tExports (mdse.), inel. reexports — Continued

By leading countries— ContinuedNorth and South America:

Canada mil. $--

Latin American Republics, total 9 do

"Rr-l/ll dO

Chile _ _ . _ _ _ — ~do— -Colombia doCuba _ doMexico do

Exports of US merchandise total do

By economic classes:Crude materials doCrude foodstuffs doManufactured foodstuffs and beverages.— doSemimanufacturescf doFinished manufacturescf —do

By principal commodities:Agricultural products, total? -do

Animal and vegetable oils and fats* do_Cotton unmanufactured doFruits, vegetables, and preparations d o _ - _ *Grains and preparation st - - do _Meat and meat preparations* do _ _Tobacco and manufactures A do

Nonagricultural products total 9 - do

Automobiles parts and accessories doChemicals and related products§ doCoal and related fuels doIron and steel prod (excl adv mfs ) do

Machinery total§9 do

Agricultural -- doTractors, parts, and accessories doElectrical doMetal working§ doOther industrial do

Petroleum and products doTextiles and manufactures do

General imports totalO - doSeasonallv adlustedO do

By geographic regions: 0\frtca doAsia doAustralia and Oceania - doEurope - do

Northern North America - - doSouthern North America doSouth America do

Bv leading countries:©Africa:

United Arab Republic (Egypt Reg.)_..doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea doIndia doPakistan - doMalaysia© doIndonesia doPhilippines doJapan _ do

Europe:France _ doEast Germany - - doWest Germanv doItaly doUnion of Soviet Socialist Republics doUnited Kingdom do

\Torth and South America:Canada doLatin American Republics total 9 do

Argentina doBrazil . _do_- _Chile doColombia do __ .Cuba doMexico - doVenezuela _ _do

r Revised. v Preliminary. 1 Less than $.50,0exports of certain fertilizer materials, coal-tar andspecialties, etc.; in 1962, such exports totaled $52.6 m

JSee similar note on p. S-21; for exports, see also9 Includes data not shown separately.cfData for semimanufactures reported as "spec

finished manufactures. *New series. Data priorof Census report?.

319.4

270.3

31.635.414.2

18.91.1

67.139.2

1,783.6

186. 2167. 5113.82,53. 4

1,062.7

419.5

26.144.835.8

171.411.840.9

1,364.1

115.2149.332.050.9

435.1

13.230.3

105.944.5

208.1

36.857.3

1,365.8

62.8246.736.6

385.0

305.2123.1204.2

2.121.4

24.421.33.5

11.226.9

113.2

35.7.3

80.137.71.3

83.8

305. 0

282.2

8.945.115.9

22.9.6

48.281.3

00. 2

svnthetil."note "T

ial categto Sept.

343.2

262. 8

15.731.413. o

20.03.0

68. 942. 3

1. 910. 1

214.7189.4124.8273. 6

1,107.6

465.4

26.648.937.2

191. 712.343.6

1,444.7

125.52161.9

40.257.4

453.4

15.235 9

113.437.0

216. 5

41.057.8

1,428.5

64.8266.141.8

400.8

319.4127.4207.7

1.721.6

26.624.53.8

9.429.7

124.8

35.8.3

83.641.11.7

89.9

319. 1

287. 6

13.746.815.7

20.7(049.578.1

Beginninic resino

on p. S

ory, tvp1962 ma^

371.0

255. 4

15.128.015.4

19.50)70.639.6

I , 840.8

199.1175.6103. 9259.5

1, 102.7

412.9

23.434.539.0

172 211 A39.5

1,427.9

119.1158.342.056.0

461.8

19.238.5

111.934.7

224.0

37.157.6

1,356.51,420.5

54.8252.937.1

362. 3

342.7132.2174.2

3.916.8

24.123.33.6

9.735.0

109.7

36.2.2

75.138.21.2

83.2

342.2

258.4

8.836.318.4

12.70)46.575.3

g Jan.us prodi

-21.

p 1" are• be obta

329. 8

249. 6

15.6

14.2

21.03.7

66. 434. 9

1,797.1

182.6181.0113.2272.3

1,048.0

410.6

26.025.937.6

179.710.635.0

1,386.6

107.1163. 137.061.6

431.0

18.433.0

104.231.2

211.2

42.653.3

1,502.61,457.5

61.4283.353.2

441.8

339.2128.9194.7

1.223.3

28.026.72.9

8.535.8

143.3

44.6.3

92.347.01.5

100.9

338. 6

272.2

14.543.114.5

20.7(039.576.2

1963, excicts, che

includecined froi

328.7

263. 9

14.429.014.522.60)

65. 144.1

1,879.2

9 JO 9

158! 8124.0300.2

1,084.1

408.7

26.436.733.9

156.311.744.7

1,470.5

112.7176. 353.862.6

446.0

16.636.5

111.729.0

212.9

41.557.8

1,458.31,508.3

67. 6306. 448.6

370.9

334.6109.1220.9

.531.4

30.925.63.3

10.544.9

145.6

35.82

75! 146.11.8

89.8

334.3

286. 5

16. 242.619.8

28.80)39.482.2

Ludesmical

withi Bu.

319. 1

241. 1

10.320. 512.6

18.40)70.741.2

1,801.8

222.9166. 7]99 9

270. 51,020.1

433.7

32.141.937.0

162. 313.064.2

1,368.1

115.3162. 153.356.5

411.1

10.631.2

108.934.6

192.4

41.055.2

1,398.51,450.4

58.4267. 652.9

378.7

301.4102.4236. 6

1.117.8

34.221.73.2

8.432. 5

124.9

31.5.2

81.134.74.5

83.8

300.9

293.6

17.256.415.9

34.9(J)37.367.2

tRewith1963.

AN§EOF

tified

405. 9

267. 9

15. 221. 713.0

22. 6C1)'78.146. 5

2, 055.6

279 7

22 I! 4132. 6296. 5

1.132.3

552.6

28.950.950.0

211.216.473.0

1,503.1

146. 1175.050.564.0

462.7

11.741.1

114.038.1

218.0

41.165.0

1,591.31 ,458.8

74.0297.848.1

466. 1

354.2115.7235. 1

5.018.9

36.825.84.0

9.836. 9

139. 8

45.5.3

92.150.21.8

106.0

354.0301.3

17.653.714.631.6

046.473.4

vised to iiata pul

anufactiDeludes 'or certaiby area

359. 1

286.2

17.230.915.121.7

075.348.3

2, 079. 1

281.6227 o135.' 1285. 0

1,149.9

574. 5

20.767.840.0

220.917.360.1

1. ,504. 6

165. 3169. 946.060.6

477.1

11.436.9

124.237.5

228. 4

39.463.2

1,425.11,465.3

59.5265. 231.6

445. 1

312.0114.2197. 5

.517.4

20.722.93.7

9.718.0

134. 7

42.0.2

94.946.41.2

100.6

311.7269.311.062.911.317.50)46.663. 1

n elude Slished in

ices of tospecial ci recent iof origin

355. 4

278. 5

18.829. 314.4

24.60)69. 449.7

2,131.6

284.9232. 6131.9297.1

1,185.1

588.1

25.486.137.4

247.713.855.4

1,543.5

159.7165.437.864.8

491.7

12.739.6

122. 542.2

236.8

41.962.8

1,529.91,477.7

71.0252.143.2

427.6

351.1140.9243.0

1.125.8

29.021.03.7

8.029.9

118.0

37.1.1

92.243.5

.991.6

350. 9

332. 9

20.967.514.0

14.40)55. 688.1

ITC iterthe 196

bacco ar<ategory,nonths,

0C(

339. 6

269.8

15.132.413. ]

20.40)72.543. 6

2, 090. 6

247.4227.4127.7300. 7

1,187.4

542.2

26.679.032.2

234.116.838.0

1. 548. 3

148.2171.133.963.1

486.8

15.839.2

125. 639.1

226.2

37.759.6

1,446.71,421.8

67.6283.035.7

400.9

307.4150.4199.8

1.024.1

27.722.34.3

14.313.432.2

130.6

35.9.3

92.036.31.2

83.5

307. 2

294. 7

11.643.616.6

14.20)63.685.3

ns classif3 BUSINI

} includetype 1'

;he data>untry d

341. 6

261. 7

19.523.1

19.8C1)76. 640.5

2, 063. 0

237. 9209. 7137. 3289. 5

1, 188. 5

525.3

27.874.933.7

226.316.037.0

1,537.6

151. 6172.331.661.8

510.4

20.136.5

132.742.1

238.4

35.161.5

1, 337. 71, 445. 3

71.4203.730.5

394. 6

301.9142.2192. 7

1.020.3

19.218.02.69.9

10.015.1

100.6

35.0.8

78.733.72.0

85.3

301.8

284.5

9.738.0

7.4

22.2f1)59. 189.3

ied as "<:ss STAT

d in the iexports

by regiossignatio

407.1

285. 3

17.3%. 513.0

20.60)78.248.7

2,151.3

215. 5228.3135.8326.4

1.245.3

530. 8

33.164.433.3

238.214.530.0

1,620.5

149.0191.930.567.2

542.7

23.945.5

123.044.4

264.2

38.470.9

1, 592. 31, 522. 9

89.8282.938.3

456. 1

337.4152.0234.9

3.821.1

24.824.03.2

14.815.034.9

133.3

39.5.7

106.140.31.0

90.8

337.3

338. 7

10.860.720.9

23.2(067.287.2

cereals ai[sues an

lonagrici

ns and cn establi

426. 2

292. 8

16. 731.312.6

17.10)91.047.1

2, 170. 3

207. 6232.5134.9323. 4

1.271.8

521. 1

20.951.728.4

245.012.630.5

1, 649. 1

148.7149.434.368.7

521.5

23.849.8

122.639.8

246.1

41.868.2

1,562.31.542.1

86.9276.533.4

449.3

341.4162. 2211.3

2.021.3

18.528.13.9

10.611.719.8

143.5

43.9.5

97.941.2

.994.0

341.3

314.9

10.453.817.3

24.50

71.475.7

id prepad in Sui

iltural p

ountriesshed Jan

425. 5

314. 4

19. 231.616. 7

24.50)81.857. 4

2 925 5

219 1233. 1144.8333.3

1, 295. 2

528. 9

36.149.534.5

238.416.733.5

1, 696. 6

156. 5187.444.984.7

575.2

22.653.7

133.246.4

274.8

35.871.0

1, 457. 91, 548. 1

83.7278.336.1

411. 5

«• 337. 4* 143. 4

166.6

2.519.9

'16.125.73.5

12 2is! 234.6

121.7

41.5.4

87.835. 21.3

91.1

337.2

260. 4

9.423.619.3

17.30

55.91 66.2

rations"IVEY issi

roducts t

exclude. 1964.

417.3

325. 1

IS. 839 514. 2

21.10

103. 355.8

2, 067. 5

217.9182. 1125.9330.9

1,210.6

459.1

32.950.737.8

180.314.941 2

1, 608. 3

144.6183.545.683.4

512.8

19.750.2

H9.939.7

240.3

39.468.2

1, 595. 51, 505. 5

67.5317.245.6

446.7

381.6137.0198.8

1.019.3

32.228.43.7

10.915.831.3

155. 1

42.8.6

99.745.12.4

100.7

381.3

280.7

12.332.517.6

21.1(^50.681.8

, not corles prior

otal.

imports

-- -

n parableto Nov.

uniden-

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

SURVEY OF CURRENT BUSINESS S-23

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

19G3

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

1964

Jan. Feb. Mar. Apr. May June July

FOREIGN TRADE OF THE UNITED STATES—Continned

FOREIGN TRADE— Continued

Value — Continued t

Imports for consumption, total mil. $_.By economic classes:

Crude materials doCrude foodstuffs -- -doManufactured foodstuffs and beverages. _doSemimanufflctures - ..do. _Finished manufactures do

By principal commodities:\griculturalproducts total 9 do

Cocoa (cacao) beans, incl. shells doOoffee - -do _.Rubber, crude (incl. latexandguayule)._doSugar (cane or beet) doWool and mohair, unmanufactured do

Nonaccricultural products total 9 do

Furs and manufactures - doIron and steel prod. (excl. adv. mfs.)_--doNonferrous ores, metals, etc.:

Bauvite crude* - -do _Aluminum semimfs. (incl. calcined bauxite>*

mil. $ _ _Copper crude and semimfs * do -Tin including ore -- do

Paper base stocks doNewsprint doPetroleum and products do_ _ _

IndexesExports of U.S. merchandise:

Quantity 1957-59=100-.Value - doUnit value -- do

Imports for consumption:Quantity doValue doUnit value - do

Shipping Weight and ValueWaterborne trade:

Exports (incl. reexports):!Shipping weight thous. sh. tons..Value . mil. $

General imports:Shipping weight _ thous. sh. tonsValue mil. $__

Airborne trade:Exports (incl. reexports) :1

Shipping weight thous. sh. tons..Value - mil. $

General imports:Shinpins! weight thous sh tonsValue - mil. $_.

1,354.3

278.2148.0149. 3282.4496. 3

322. 3

11.082.419.042.017.4

1,031.9

9.747.3

10.1

14.720.89.7

30.058.0

147.1

112115102

12311795

11,2151,165.6

17,552983.6

9.1124.3

59.7

1,417.8

274.0143. 8166.5300.4533. 2

334.8

11.379.716.450.918.8

1,083.1

U0.959.4

9.5

16.9121.6

9.1

30.157.3

i 149. 1

"120^123*>102

Pl27*122"96

13,0101, 232. 7

17, 7061. 033. 2

10.4136.5

67.9

1,327.8

266. 3105. 0174.0293.2489.3

295.6

12.151.512.873.015.7

1,032.3

9.563.7

9.4

21.623.810.7

32.157.1

129.7

116119102

11911496

13. 061L.170. 6

18, 778982.6

9.4127.0

58.0

1,505.3

281 0128. 9184.431 7. 5593. 5

333.6

7.578 413.364 322.1

1,171.7

7.075.3

10.5

24.020.28.5

30.562.5

146.4

113116102

13513096

13. 5731,164. 7

19, 4931,116.0

9.6119.8

66.5

1,479.1

314 3196. 6177.3313.6547. 2

345. 2

8.476 716. 562 517.2

1,133.8

5.771.0

11.7

18.728.311.1

31.957.7

146.5

119121102

13212797

14, 8461, 219. 2

19, 9961, 089. 0

9.9120. 3

57.4

1,375.1

9(50 °140 2183.1985 7505 8

345 4

9.789 313. 559 712.7

1,099 6

1 10 159.1

9.8

17.81 26 1

6.4

28.757.9

i 132. 3

114116101

12311896

14, 3681.164.3

18, 3941,049 0

10.2126. 3

4 367.9

1,578.3

073 3168 7198.2396 4611 8

377 5

9.4100 915.053 416.7

1,900 8

7 970.4

8.8

17.026 19.2

34.666.5

149.0

130132102

14113696

15, 0701. 375. 6

19, 0761,163.9

11.5140.4

5 481.3

1, 427. 8

238 0153 3163.0300 4573 0

319 8

7.288 813.631 811.9

1 108 0

6 165.3

8 2

17.923 38.7

31.158.1

135.9

131134102

12712296

14, 7961, 408. 6

17,0661,032.0

10.9131.5

5 382.8

1,511.6

284 5158 7197. 4315 0556 0

369 4

11.1°0 114.068 822.9

1 142 2

26 354.0

9 4

17.725 18 2

32 068 0

164 9

135137101

13213098

13, 8871, 450. 0

17, 5691 077 2

11.3141. 9

5 389^0

1,464.9

974 3160 8133. 5343 0553 4

33° 7

14.487 419.426 319.7

1 132 2

r n6 160.7

9 6

17.126 19.8

31.756. 8

rl!93 3

*>131^135v 103

v 128v 111*98

11.9150 3

4 370.4

1, 322. 3

246 8161 5105. 5314 1494 5

295 4

12.594 013! 216 520 6

1 026 8

T 13 $54 1

11 2

14 829 57 3

31 152 4

r 154 3

M30v 133P 103

p 116pl!4

•P gg

11.9157 2

4 070.7

1, 567. 3

274 1202 4150. 7339 0601 1

383 1

125 719.437 217! 4

1 184 2

c 15 g59.7

9 5

17.699 810 7

35 458.7

r159 5

v 134v 139TO 103

v 136v 135

P 99

1'>.9150 9

4 779.4

1,555.39 6 7 8199 2142. 6343 1609 7

362 7

8.2131 8

13^339 i18.3

1 1Q9 7

19 Q

62.5

12 2

17 626 1

7 8

31 961 2

r I5f> 7

•p 137P 140v 109

P 134P 134P 100

12. 9153 5

4 676.0

1,433.8

270 4147 4149. 2311 1555 7

329 9

8.184 520. 247 8

r 17.6

1 103 9

q i68 6

8 8

17 823 7

7 6

30 459 6

<• 137 1

v 140P 143p 109

P 195P 123

P 98

1,576.8

09 1 r^140 4103. 0340 l641 8

316 1

10.373 9

13.938 9141

1 260 7

8 177.5

10 0

18.926 6

7 9

35 065 2

144 0

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Air Carriers

Scheduled domestic trunk carriers:Financial operations (qtrly. avg. or total) :

Operating revenues, total 9 mil. $_.Transport, total 9 do ...

Passenger _ doProperty do. ..U S mail do

Operating expenses (incl. depreciation) doNet income (after taxes) - do

Operating results:Miles flown (revenue) thous_-Express and freight ton-miles flown doMail ton-miles flown do. ..Passengers originated (revenue) doPassenger-miles flown (revenue) mil--

Express OperationsTransportation revenues .mil. $_.Express privilege payments do

Local Transit LinesFares, average cash rate. centsPassengers carried (revenue) .._ mil--Operating revenues (qtrly. avg. or total) ...mil. $_.

Motor Carriers (Intercity)Carriers of property, class I (qtrly. avg. or total):

Number of reporting carriers _ __ ._Operating revenues, total mil. $__Expenses, total .do. .Freight carried (revenue) mil. tons._

570.7566.0509.837.114.4

551.41.9

59, 40945,29613, 5753,9902,667

295.9229.2

20.1594

350.8

39541,3431,286

87

621.9617.1557.040.315 0

585.58.4

63, 82849, 19514, 1674,5483,048

295 9228.6

20 5576

346.5

632.1627.9569.039.114.7

577.620.2

64, 62047,33413, 1644,9663,431

93.527.8

20.4550

357.0

o 1, 017e 1, 326« 1, 304

680

66, 50246, 15113, 0024,6483,251

20.5533

67, 33351, 89413, 6175,1513,588

20.5534

653. 3648.7587.341.014 2

592. 827.6

64,33552, 76613, 043

4,6393,119

96.329.9

20.5560

330.3

66, 67657, 79715,0334,9173,165

20 6630

62, 45551, 39713, 3764,4462,861

20 7563

* 5 634. 44 628. 34 561 9

4 44. 04 16 7

45 596 04 5 1 1

65, 75855, 58119 4014,7323,221

105 431 3

20 7590

366.8

66. 27450, 71014, .5474,8013,245

20 8581

4 62, 8634 50, 212'14 0514 4, 4584 2, 949

20 8552

4 5 646 8640 8579 4

42. ()1 5 5

4 =613 74 5 11 0

467, 481454, 522415 488

45, 00843, 316

96 827 1

20 8585

4 65, 4074 56, 4724 15 091

4 5, 0034 3, 287

91 0600

4 68, 0224 59, 0144 14 823

4 5, 0304 3, 322

91 9

59691 •>

564

r Revised. p Preliminary. c Corrected. d Deficit.i Eft'ective Sept. 1963, data reflect adoption of U.S. Tariff Schedules and are not entirely

comparable with earlier figures also, beginning Jan. 1964, data for furs and nifs. and petroleumand products reflect further changes in USTS. 2 Quarterly average. 3 Number ofcarriers filing complete reports for 1962. 4 Reflects substitution of data for one or two intra-Aluskan carriers. 5 Revisions for 4th qtr. 1962 and 1st qtr. 1963, respectively (mil. $):

Operating revenues—559.7; 568.0; expenses—551.9: 572.1; net income—rf 1.8- d 1~>.S. »• For 1stqtr. 1963.

JSee similar note on p. S-21. 9 Includes data not shown separately. *New series.Data prior to Dec. 1962 may be obtained from Bu. of Census reports. §Excludes "specialcategory" shipments and all commodities exported under foreign-aid programs as Depart-ment of Defense controlled cargo. ^See similar note on p. S-21.

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

S-24 SURVEY OF CURRENT BUSINESS August UK">4

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan.i

Feb. | Mar. Apr. May June July

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

Motor Carriers (Intercity)— Continued

Freight carried, qtrly. index of volume, class I andIT ( \T \) averaee same period 1957-59 — 100

Carriers of passengers, class I (qtrly. avg. or total):Number of reporting carriers -- --

Fxpen^es total doPassengers carried (revenue) mil

Class I RailroadsFreight car-loadings (AAR):

Total cars _ thous._Ooal doCoke doForest products doGrain and grain products do

Livestock _ _ doOre doMerchandise 1 c 1 - - doMiscellaneous - do

Freieht carloadings, seas. adj. indexes (Fed. ~R.):tTotal 1957-59=100..

Coal doCoke -- do_ -.Forest products doGrain and grain products doLivestock - do ._.Ore - - doMerchandise, 1 c.l _ _ d o _ _ _Miscellaneous - -- do -

Financial operations (qtrly. avg. or total):Or>eratin° revenues total 9 -- mil. $

Freight do

Operating expenses doTax accruals and rents d o _ _"N"et railway operating income doWet income (after taxes) _do._

Operating results:Freight carried 1 mile (qtrly ) bil ton-milesRevenue D6r ton-mile (qtrly avg ) centsPassengers carried 1 mile revenue (qtrly ) mil

Waterway Traffic

Clearances, vessels In foreign trade:Total U S ports thous net tons

Foreign vessels - doUnited States vessels do

Panama Canal:Total - thous. Ig. tons .

In Unite<f States vessels do

TravelHotels:

Average sale per occupied room dollars.Rooms occupied % of totalRestaurant soles index _same mo. 1951=100--

Foreign travel:TT g citizens* Arrivals thous

Departures do\lienS' Arrivals do

Departures doPassports issued and renewed do

National parks visits doPullman Co. (qtrly. avg. or total):

i a> L enj-tr nine (, tfve lie; thorn "ft

COMMUNICATIONS

Telephone carriers :Operating revenues Q mil $

Station revenues doTolls message do

Operating expenses (before taxes) doNet operating income doPhones in service end of year or mo mil

Telegraph, cable, and radiotelegraph carriers:Wire-telegraph:

Operating revenues thous. $..Operating expenses incl depreciation doNet operatin0" revenues do

Ocean -cable:Opera tin0" revenues doOperatin^ expenses incl depreciation doNet operatin0" revenues do

Radiotelegraph:Operating revenues doOperatin^ expenses incl depreciation doNef operating revenues do

i 120. 32 140131. 2111.856.8

2, 39443930

158231

1714497

1,277

492908197

10167834994

2, 360. 11, 997. 8

154.81,854.3

324.1181.6143.0

s 151.651.34954,976

14, 91312, 0662,847

5,490855

9.3561

112

195191125103

762,737

72612,076

792.6440.0270.4468.2139.670.8

22,01020, 197

582

3,0132,542

153

4, 6753 676

816

1 126 3

2,40646132

156234

14147

721.289

*93958896

10252843695

2,389.92, 036. 5

147 01,862.9

325.6201 4162.9

5 158 95 1 310« 4, 624

15 69812, 7862 842

5,454780

9.3760

109

218216130110

882,779

62910, 477

845.6465. 4289.7495.7152.373.7

23, 90221, 094

1.680

3. 0652,495

219

5,0773 882

982

195 4140

136 9117.357 1

2,424467

34148221

821168

1,267

9510010793

9949813697

2 473 72 118 9

150 91 883 2

356 1234 4188 8

165 21 3104 695

16 00313 1662 837

5,460821

9.6462

110

230341136126128

5,082

61110, 397

836.3463.8280.5478.2155.572.1

23,51620 795

1,543

3,0092 468

212

4,8623 736

895

2,13730030

135'228

821263

1,161

9410010494

8651833697

17 08713 8753 212

5,924862

8.7554

107

295333155131100

7,504

849.5463.1295.1486.8164.272.3

23, 83421,2641.348

3,2012,575

245

5, 1173 996

974

3 2, 8723 5823 34

3 1893270

3 133260

3 813 1,444

91999093

9751813491

17, 48514, 3313, 154

5, 641837

9.6059

104

391283169140

787,705

861. 4465. 6304.4495.1158.172.5

24, 96421,275

2, 590

3, 0642, 697

99

5,0343 in1, 096

1^4 0

138165 7128 86° 9

2, 30746428

147200

15205

641.185

91978495

10143873492

2 398 00 035 0

157 11 874 1

326 8197 1156 1

158 21 3125 225

16 34113' 4862 855

5 709

1 000

9 5663

107

27120717313465

3 278

59810 065

844.2468.0283.2489.8158.272.9

24, 37820, 700

2.597

2, 9492.330

291

5, 0693. 8°21. 015

2, 518474

27155258

2518365

1,331

93947598

11248813393

16 53113, 4333 098

5,925968

10.2468

109

219186144123

562,331

879.0477.3309.1523. 4156.173.2

25, 45221,5272,983

3,4242, 560

509

5, 5464,0281,333

3 2 , 8593561335

31833303

3253157373

3 1, 523

92947896

10556

1043192

16 68613,6183 068

5, 399722

9 8258

101

17414611810340

1,104

856.8475.2286.3500.5155.473.4

23, 67620, 6032,368

2, 8592, 186

370

5, 5254, 1581,195

127 8

138130 7114.055 3

1,97241729

130197

105553

1,081

94908497

10950913396

2, 446. 62 084 2

138 61 893 5

304 4948 7225 1

103 41 3004 315

15 45412' 5732 881

5 691708

8 9047

107

158161112116

47661

6009 288

881.8480.0308.7539.8150. 173.7

25, 55021, 324

3, 663

2 9502 271

156

5, 6544 3391, 054

2,04541531

136227

105051

1, 125

97918999

111508931

101

15, 20412, 5402,664

5,832613

9.0957

105

1731721128771

686

881.1481.7305.3520.2154.974.0

24, 44922, 213

834

3,1382, 403

361

5, 9014,4481,222

3 2, 6453512341

3 1963267

310375370

3 1, 473

978990

106

104519331

100

14 50312, 0542 449

6,187906

9 2660

109

1791931028881

790

862. 2480.6286.0501.7163.474.2

23, 28321,020

872

2, 8142, 284

98

5, 5054.274

998

128. 6

2, 105393

34154186

106654

1,207

949092

103

9350882898

2, 362. 42, 033. 8

134.71,852.3327.6182.5144.2

14, 96012,3192,641

6,269965

8.8759

108

218206123101121

1,000

60810, 457

892. 1485. 5311. 2530. 9156. 074.5

25, 18121,715

2,075

3, 1069 986

475

5,7524, 3361,192

2,20240735

151177

1011453

1,254

9593

10099

9242

1232897

5,912866

9.8667

116

211214148104147

1,276

898.8489.4313.0532.3165.9

74.9

24, 87621,812

1,697

3,0122 403

245

5, 8314 9511, 345

32,9133 542

3453 1903208

3 123271365

31,581

96100111100

8942

1042999

6,1661,022

9.1862

119

226

161

1352,267

903 1490.0315.7525.0167.475.1

24, 70822, 1811,085

3, 0302 317

328

5,7744 3791,167

j

2, 40347638

154205

722450

1,248

94r 100

11898

9146852796

5,9021,100

9.8364

113

1475,006

2,114293

35147197

8223

481,163

9510012810?

7550872898

112

........

T Revised. i Annual index. 2 Number of carriers filing complete reports for 19G2.3 Data cover 5 weeks; other periods, 4 weeks. 4 Based on unadjusted data. -Quarterly

average.

t Revisions for 1902 are in the Aug. 1963 SURVEY.? Includes data not shown separately.

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

SURVEY OF CURRENT BUSINESS S-25

Unless otherwise stated statistics through 1962and descriptive notes are shown in the 1%3edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

Tune July Aug. Sept. Oct. Nov. Doc.i

1964

Jan. Feb. Mar. Apr. May June July

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:\eetylene ..mil.cu.ftAmmonia, synthetic anhydrous (commercial)

thous sh tonsCarbon dioxide liquid gas and solid doChlorine gas (100% Ch) doHydrochloric acid (100% HC1) doNitric acid (100% HNOs) doOxygen (high purity) mil. cu. f t _ _Phosphoric acid (100%> P2OO thous sh tonsSodium carbonate (soda ash), synthetic (58%

Na2O) thous sh tonsSodium bichromate and chromate doSodium hydroxide (100% NaOH) doSodium silicate (soluble silicate glass), anhydrous

thous sh tonsSodium sulfates (anhydrous, refined; Glauber's

sal t* crude si 1 1 cake) thou^ sh tonsSulfuric acid (100% H.SOO do

Organic chemicals, production: ofAcetic acid (synthetic and natural) mil. lb._Acetic anhvdride do

Creosote oil mil. gal__

"DDT mil IbFthvl acetate (85%) doFthvlene glvcol doFormaldehyde (37% HCTTO) doGlycerin, refined, all grades:

Production - _- _.. doStocks, end of month do —

Methanol:Natural mil. galSynthetic do

Phthalic anhydride mil. IbALCOHOL

Fthyl alcohol and spirits:Production mil tax galStocks end of month dofT9g(:j fof denaturation doTaxable withdrawals do

Denatured alcohol:Production mil wine galConsumption (withdrawal^) doStocks end of month do

FERTILIZERSExports total 9 thous sh tons

Nitrogenous materials doPhosphate materials _ -- doPotash materinls do

Imports, total semimanufactures* 9 _ _ doAmmonium n i t r n l e ._ do _.\mmonium sulfote . _ doPotassium chloride doSodium nitrate _ __ . do

Potash deliveries (KjO) doSuperphosphate and other phosphatic fertilizers

(100% P2O5):Production .. - - _ _ ..thous. sh. tons-Stocks end of month do

MISCELLANEOUS PRODUCTS

Fxplosives (industrial), shipments, quarterly:Black blasting powder.. . thous. IbHigh explosives do

Paints, varnish, and lacquer, factory shipments:Total shipments _ mil $

Trade products doIndustrial finishes do

Sulfur, native (Fraseh) and recovered:Production. _. thous. Ig. tons..Stocks (producers') end ofmonth __ do

PLASTICS AND RESIN MATERIALSProduction:

Cellulose plastic materials mil IbThermosetting resins:

Alkyd resins _ __ doCoumarone-indene and petroleum polymer

resins mil. IbPolyester resins _ doPhenolic and other tar acid resins doUrea and melamine resins _ do

Thermoplastic resins:Styrene-type plastic materials (polystyrene)

mil. lb_.Vinyl resins (resin content basis) __ d o _ _Polyethylene _ _ _ _ _ _ _ _ d o _

1,103

484.185.3

428.687.7

280. 88,661203.9

383.910.6

453.6

46.1

99.51,641 8

82.2103. 5

7.6

13.98.5

119. 5199.8

20.832.7

. 128.035.6

52.4151. 442.45.3

22.923.03.9

60267

44871

16618203936

197

235425

1306!277,199

152. 789.862.9

M904,832

13.2

345.7

3 29. 03 17. 73 57. 53 40. 7

3 106. 23 130. 5168.0

1,148

553 888.7

454 087 3

349. 710, 768241.7

390.110.9

474. 7

46.0

100.51,744 7

87.4105.8

8 9

14.99.2

121.0212.7

24.823.8

.129 339.5

57. 7171. 544.45.3

23.924.03.0

62555

48759

20521207334

227

269419

i 284i 301,665

- 157.5- 93.8- 63.7

3 4864,875

12.7

46.5

25.821.361.042 2

124.3149.3188.2

1 070

562 4101 2453 8

86 0287.8

11.308236 6

400 011.8

473 6

45 7

97 61 668 9

87.2109.7

9.0

15.610.8

114.0203. 8

26.825.4

.127.640.4

50.4170.742.75.5

23.022.93.7

63639

56623

14715132462

49

239377

164315,789

178.8110.568 3

5044,955

13.0

50.0

21.021.460.542.6

128.1149.9187.0

1 123

537 3108 5459 287 2

304 010 685?04 4

399 610 7

476 8

42 6

100 91 597 0

83.1107.0

7.4

17.77.9

118.0190.7

21.520.8

.126.335.6

58.1175. 742.84.8

23.123. 43.3

72040

54776

12719

135813

150

205428

177. 0111.865 2

4904, 931

10.9

46.8

21.219.650.035.0

114.3134.0189.8

1, 145

528 4107 7469 088 4

325 510, 1402°9 5

399 311.0

495 5

36 7

102 61 687 3

84.7103.7

8.8

14.89.6

127.8218.3

25.919.1

.131.737. 1

49.7177.244 05.0

23.824.32.8

66860

51364

232186

7546

290

246456

176. 6112.264 4

4764.880

12.1

47.7

27.021.663. 041.2

126.6153.7189.3

1 126

528 490 5

454 485 5

336.410, 439238 6

375 28.9

472 4

45 3

95 41 666 2

72.6111.6

9.2

14.38.7

121.4216.4

26.815.9

. 128.741. 4

61 7181.740 "5 8

92 092.02 8

69643

55781

2071921

11114

161

247441

423321,379

160 397 163 9

4734,844

12. 8

43.3

25.521 262.842.2

130.1156. 5183.3

1 208

548 593 9

470 9Q9 8

372 710 960

261 7

418 910 9

497 8

51 0

106 51 836 7

95.4104.6

8.6

14 210.0

139 9234.3

30 216.1

131 445.3

73.5180. 347 57 5

25 625. 62 8

67081

48783

2442127qg31

°58

291446

171 1100 270 9

4914 743

14.0

47.2

30.223.969.648.5

136. 5168.3202.4

1,197

586 980 5

469 088 4

405 910.892253 3

400 011.5

487 9

52 6

107 71 788 4

89.5106.1

9 &

8.1

11.47.3

P3. 1226.4

92.620.5

.128. 540.9

58 7169 843 q

5 8

23 624. 52 0

70164

51788

18827115235

162

282462

138. 977.061 9

4844,763

13.8

40.5

24.921.262.041.5

133.2160.5200.0

1 216

607 579 2

482 087 2

414 611 744253 7

388 011.3

497 3

42 5

106 11 853 1

90.9121.0

8 8

9 49 4

123 42^0 4

30 022 2

I30 839 5

58 9177 345 5

4 3

24 593 83 3

69366

52466

90020116539

189

294490

323322 968

117.761 056 7

4954 760

12.1

37.7

25.920.461.738.0

127.8153.0210.1

1 154

614 879 0

466 891 2

402 012,011267 9

381 29.3

490 2

41 4

106 31 868 4

92.3111.8

8.2

11.48.8

121.8207. 0

29.122.3

129.637.4

60 5179. 549 5

4 9

?6 626.43 9

69298

458100

9552014

11732

374

304459

138.875 563 3

5004,780

11.6

44.4

26.022.766.342.8

132.3150.5210.8

1,120

583 876 0

456 094 8

402 612 201273 5

394 510 5

484 2

40 9

103 21 853 7

94.0101.6

7.1

12 810. 8

109 1203.0

26.325.4

129 936.7

56 1183 0

44 04 7

23 723 13 7

66839

53459

25316999330

933

327443

1-12. 580. 661.9

4994,786

13 0

44.0

25.023.964.039.6

136.6158.32C8. 7

1,252

650 782 8

488 6104 1420 5

13,367284 8

419 111.4

514 3

53 1

108 31 983 5

93.4125. 4

8.4

13 39.4

138 8°19. 5

28.527.6

.130.344.9

53 8188 943 9

5 4

23 924.79 9

70468

49594

9921736

19629

369

336383

141262, 470

165.297.168. 1

4994,720

15 2

48 5

27 625.472.643. 1

146. 3173.3210.1

1, 233

636.885.0

480 6104.4375. 1

13,107286. 5

415. 311.7

507. 3

53.7

109. 22 016 2

82.9109.2

9.1

11.37.4

129.3237.7

28.526.5

.133.949.2

54.0189. 346.7

5.7

'25.124.83.1

58455

46833

3761943

15063

424

337249

186.0112.273.8

5134, 686

13 9

r 49 0

29 827.271.5

r 45 9

144.7174.4217.8

1,271

659.794.9

501 1106.0349. 5

13, 402280.3

435. 112.3

534.4

52.3

116.11,980 9

88.5115.2

2 110.6

13.08.0

116.9r225.2

23.727.7

.134.449.9

53.0184.945.35.5

23.823.53.4

68463

52950

17317116522

254

307249

188.5115 073 5

5314, 676

12 4

47 9

26 227 067. 443 3

149.7176. 7226 6

1,204

636.7108. 9469 9100.8306.5

12, 538259.5

419.511.2

503.7

44.5

107.81,859.1

87. 5106.5

9 59.8

12.011.9

138.2229. 6

26. 731.1

.131.148.5

82747

66060

180117

3450

273346

195334 018

197.8119.578 3

r Revised. * Quarterly average. 2 Beginning Jan. 1963, the estimated totals are basedon a new and larger sample and reflect improved estimating methods, which affect compara-bility with data for earlier periods; Oct.-Dec. 1962 estimated totals on the new basis appearon p. S-25 of the Feb. 1964 SURVEY. 3 Based on annual total containing revisions notdistributed by months.

c^Data are reported on the basis of 100% content of the specified material unless otherwiseindicated. 9 Includes data not shown separately.

*New series. Data exclude some materials (chiefly crudes) shown in the former series.Monthly data prior to Jan. 1963 may be obtained from Bu. of Census reports.

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

S-26 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1%-f

Tan. Feb.i j

Mar. ! Apr. May i Turn-

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total Omil. kw.-br_.

Electric utilities, total - doBy fuels doP>y waterpower do

Privately and municipally owned util doOther producers (publicly owned) do

Industrial establishments total doRv fuels do

Sales to ultimate customers total (EEI) doCommercial and industrial:

Small light and power do__ _Large light and power - -do

Railways and railroads - do_ _.Residential or domestic dostreet and highway lighting - doOth^r public authorities do_ _ _Interdepartmental do

Revenue from sales to ultimate customers (EdisonFlectric Institute) mi l .$_ .

GAS

Manufactured and mixed gas (quarterly) re f tCustomers end of quarter total 9 thous

Rp<?idential doIndustrial and commercial do

Bales to consumers total 9 mil thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, total 9mil. $_.

Residential - do _ .Industrial and commercial - do

Natural gas (quarterly) :d" tCustomers end of quarter total 9 thous.-

Residential do _-Industrial and commercial do

Sales to consumers, total9 mil. therms--Residential doIndustrial and commercial do

Revenue from sales to consumers, total9-.mil. $.Residential _ _ -- doIndustrial and commercial - do. __

78. 62471,02657, 00314, 024

57, 72513,301

7,5977,313

284

64, 674

12, 00831, 160

39318. 868

6121.529

104

1,085.4

1 9221.800

122

530370157

67.351.315.7

32, 67430,014

2, 624

25. 0458. 466

15.321

1,541.3847.7651.0

83, 99176, 16762, 37913, 788

62, 09514. 073

7,8247, 555

270

69, 234

13. 38732. 856

38920.141

6461,683

133

1, 141.4

1.5331.432

100

502346153

60.946,114.6

33, 89331,128

9 797

26, 3218.748

16, 263

1,613.2880.3687.5

S3, 66575, 73161 75613. 975

62. 04513. 686

7, 9357 653

281

67, 803

13. 50333, 304

34618 304

5411.647

157

1,191 6

1,8391,724

114

441285153

56. 942.314. 5

33, 33630,628

2, 671

23, 9646,924

15, 982

1, 417. 6733.4648.1

88, 70381.00066 8l)714 173

66, 28714,713

7, 7037 474

229

70, 509

14.93833. 081

35119 75°

5511.673

163

1 167 3

89, 86181 97368 44013 533

67. 16114 812

7 8877 665

909

73,018

15 63933. 871

35890 fi90

5911 707

161

1 ''(10 7

82. 89275.15663 14419 019

61, 76913 387

7 7357 533

9p.o

72. 079

15. 09733. 790

34890 356

6311,706

159

1 187 8

1 1971 114

83

914

100112

26. 616.99.6

33, 98931,286

2 666

19, 5042. 966

15,297

1,002.5401. 7561. 8

84. 84576. 71°64 491

63. 18113. 531

8,1337 917

215

69, 51 6

13,70634, 279

37318 553

6911.776

138

1 136 9

82, 43774, 47461 76912 705

60, 83713, 637

7, 9637 722

241

68, 309

13, 09533, 463

37818 793

7351,719

126

1 119 0

90, 30282, 26067 65314 607

66, 45915,802

8,0427 770

272

71 364

14.09332. 593

45221 630

7731,716

108

1, 161. 7

1 1961 111

84

494

145

47 834. 712 9

34, 79931, 929

2, 832

25, 8668, 097

16, 465

1,596.5848. 6702. 5

90. 64282, 32867 83414 495

67, 02415 304

8 3138 019

294

75, 196

H4, 165132, 993

43994 939

7801,769

118

1 °17 9

84, 61376, 7016° 90613 795

62, 14314 558

7,9127 69l

291

72, 724

114,0611 32, 330

43623 295

7111 , 774

118

1 184 5

87, 98779, 59563 65215 942

64, 59614,999

8, 3928 075

317

72, 692

U4, 121133,330

40922. 301

6931,707

130

1.169.0

84,534 i76, 39260 099

16 301

62. 20414 1«8

8 1427 807

335

71 549

!14 03433 643

3849Q qg°

' 6411 79]

143

1 153 0

87, 22 (i78, 89463 03115 863

64, 15514 739

8 3328 (P7

305

71,065

i 14 327i 34, 459

36819 431

6131,712

156

1 145. 9

90, 58582, 29468 34113 953

67. 96014, 334

8, 2928 045

946

ii

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production mil. bbl._Taxable withdrawals doStocks end of month do

Distilled spirits (total):Production -- - mil. tax gal--Consumption, apparent, for beverage purposes

mil. wine gal_.Taxable withdrawals mil. tax gal--Stocks, end of month _ _ doImports mil. proof gal--

Whisky:Production --- .-mil. tax gal--Taxable withdrawals doStocks, end of month doImports _- - mil. proof gal- -

Rectified spirits and wines, production, totalmil. proof gal- -

Whisky do -.Wines and distilling materials:

K (fervescent wines:Production mil. wine galTaxable withdrawals . _ _ _ do _ _Stocks, end of month doImports do

Still wines:Production _ _ _ _ _ _ _ _ _ _ _ d oTaxable withdrawals doStocks, end of month doImports ~~ do

Distilling materials produced at wineries___do

8.077.60

10.46

12.90

21. 1410.27

882. 723.60

9.417.18

859. 133.18

7.205.33

.37

.322.79

09

15. 7812. 52

178. 861.08

31.27

8.397.82

10.76

12. 50

21. 5810. 34

876. 903.82

8.747.08

852. 543.35

7.245.19

40.35

3.0009

16 8513. 11

185. 041.11

39.39

9.678.81

11.77

10.79

20.2410. 76

883. 313.26

7.066.78

859. 772.90

7.375. 23

54.31

3. 3106

1 8412.77

142. 451.00

11. 87

10.8310. 2211.70

6.82

19.989.25

878. 483.49

3. 405. 63

855. 342. 99

6. 234 42

9199

3.2805

9 01

9. 57131 11

1.00

8.38

9.389.26

11.18

8.52

20.1210.02

874. 493.35

5. 066. 46

851. 802 92

6.734 62

3031

3. 2905

3 0412. 84

120. 8497

9. 98

7.427.37

10.72

9.42

19.4611.11

869. 813. 94

5. 808. 02

846. 883.38

7.745 68

3439

3. 2109

45 4312.52

155. 871.07

118.07

7.937.95

10 19

15. 99

24.4514. 57

867. 445.71

10. 1310. 85

843.025.04

10.888 35

4554

3.0718

108 6815. 56

246. 451.92

202. 64

6.856.739 85

13. 39

25. 8911.36

865. 875.37

8 498. 38

840. 034. S3

8.156 24

3757

2. 8614

91 4714.07

249. 051 47

70. 11

7.317.059 67

14. 18

30. 928. 56

870. (X)4.87

9 995. 91

842. 404.19

5.874 15

4459

2.6515

4 7613. 71

229. 081 18

18.48

7 636 74

10 08

13.89

18.499.34

871 773.03

10.386.46

844. 011.57

6.354 33

4334

2.7106

9 7313.57

213. 8979

5.10

7.506.42

10 68

13 51

18.439.53

873 193.07

10 976. 73

854. 141 77

6.274 51

4827

2.8806

9 9713! 76

201. 611 57

8.38

8 957 80

11 30

14 06

21.8410. 51

874 443.62

10 367. 05

846. 103 93

7.245 18

6334

3i 1408

3 4015.96

185.831 10

6. 15

9 638 49

11 82

r 14 51

21. 08r 11. 46874 54

3.84

10 957.50

846.913 49

7. 855 68

5333

3.3108

9 1913' 80

175. 6890

1.79

9 288 73

11 77

13 64

22 2710.91

874 973.71

9 707.05

846. 761 48

7.385 16

3836

3' 3009

1 8112. 86

164, 181 16

1.51

4.16

3 71

09

1 91

r Revised. i Not directly comparable with data through 1963. Comparable figures forJun.-May 1963, respectively (mil. kw.-hr.): Small light and power—12,609; 12,535; 12,617;12,577; 12, 889; large—31,105; 30.442; 31,440; 31,753; 32, 496.

O Revisions for Jari.-Dec. 1962 appear on p. 24 of the Mar. 1964 S U R V E Y .

cfThe averages shown for gas are quarterly averages.JRevised data for 1st and 2<1 qtrs. of 1962 appear in the Sept. 1963 SURVEY.9 Includes data not shown separately.

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

August T!)(i4 SURVEY OF CURRENT BUSINESS S-27

Unless otherwise stated statistics through 1962and descriptive notes are shown in the 1963

1962 1963

A T ^ T l t V l l - T T

edition of BUSINESS STATISTICS j "average^

1963

June July Aug. Sept. Oct.i

Nov. 1 Hec.1

1961

Jan. Feb. Mar. Apr. May June July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS

Butter, creamery:Production (factory) f niil IhStocks eo1 d storage end of month doPrice, wholesale, 92-score (N.Y.) $ per lb._

Cheese:Production (factory) totalj mil. l b _ _

American whole milkj _ _ d o _

Stocks, cold storage, end of month, total doAmerican whole milk do

Imports - do -Price, wholesale, American, single daisies (Chi-

cago) $perlb_.Condensed and evaporated milk:

Production, case goods:tCondensed (sweetened) mil. IbEvaporated (unsweetened) do _

Stocks, manufacturers', case goods, end of mp.:Condensed (sweetened) mil. IbEvaporated (unsweetened) do

Exports:Condensed (sweetened) - doEvaporated (unsweetened) do

Evaporated (unsweetened) $ per case.."Fluid milk:

Production on farms m i l . l b _ _TTtili/ation in mfd dairy productsd" doPrice wholesale U S average $ per 100 lb__

Drv milk:Production:!

Prv whole milk mil. l b _ _Nonfat dry milk (human food) do

Stocks, manufacturers', end of month:F>rv whole milk _ - do__ _Nonfat dry milk (human food) -do

Exports:T)rv whole milk - do_Nonfat drv milk (human food) _ _ do

Price, manufacturers' average selling, nonfat drymilk (human food) - $ per Ib .

GRAIN AND GRAIN PRODUCTSExports (barlev corn oats rve wheat) mil. bu_.

Barlev:

Stocks (domestic) end of Quarter total doOn farms doOff farms do

Exports including malt§ - - do.- -Prices, wholesale (Minneapolis):

No 2 malting - $ p e r b u _ -No 3 straight do. _-

Corn:Production (crop estimate, grain onlv) mil. bii--•Grlndings wet process - _ do

Stocks (domestic), end of quarter, totalmil bu

On farms doOff farms do

Exports, including meal and flour doPrices, wholesale:

No. 3, yellow (Chicago) $ per bu_.Weighted avg., 5 markets, all grades do

Oats:Production (crop estimate) __mi l . hu_

Stocks (domestic), end of quarter, total . do_ _.On farms _ doOff farms - _ _ . _ . _ _ d o

lExports, including oatmeal doPrice, wholesale, No. 2, white (Chicago) t

Iperbu-.

Hice:Production (crop estimate) mil. bags 9 --(California mills:

Receipts, domestic, rough _ mil IbShipments from mills, milled rice doStocks, rough and cleaned (cleaned basis) , end

of month mil. lb_.Southern States mills (Ark., La., Tenn., Tex.):

Receipts, rough, from producers mil. lb_-Shipments from mills, milled rice doStocks, domestic, rough and cleaned (cleaned

basis), end of month mil l b _ _Exports do•Price, wholesale, Nato, No. 2 (N.O.) $ per lb_.

3Rye:Production (crop estimate) _ _ _ mil buStocks (domestic), end of quarter, total doPrice, wholesale, No. 2 (Minneapolis). _ _ $ per bu..

- 128. 1363.4

.594

132.191.1

463. 4420.4

6.5

.400

6.1160 .7

5.0178.4

4.05.5

6.11

10,5025,2164.10

6.6185.5

6.3123. 4

1.125.5

.148

96.9

* 436. 42 284 82 160. 82 124.0

8.3

1.261.20

1 3, 63714.3

2 2 9292 1, 80721,122

35.5

1.111.08

1 1, 0202 6282 553

274

2.5

.71

1 66. ()

12679

97

364255

866193

.094

i 40.82 19. 9

1.22

r 118. 3328.4.590

- 136. 1- 93. 6

385. 0344.9

6.9

.426

6.6- 158. 1

6.6162. 9

5.05.2

6.01

10, 399r 5, 099

4.10

r 7.6' 174. 7

5. 795. 0

2.544.6

.144

103.4

i 399. 9

2 284. 02 165. 02119.0

4.8

1.191.11

r 1 4, 08215.4

2 2. 70521,779

2 92636. 6

1.241.20

i 981

26212 545

276

.9

.73

' 70.1

J2285

132

438270

957220

. 093

1 29. 4215.0

1.30

T 142.6401.4.586

176. 6r 129.9

416. 0373. 9

6.6

.423

7.7- 208. 1

7.8194.2

7.010.7

6.02

11.841r 6, 471

3.72

-7. 6- 239. 7

6.5136. 5

.850.6

.144

100.5

3 146. 8367 .6379.3

5.3

1.241.14

15.5

2, 1151,386

72943.1

1.291.25

32743 232

343

1.0

.72

8353

103

62234

388101

.095

3 0. 9

r 114 1392. 6

.587

150.5111.7

439. 9394. 8

5.7

.427

'9.2- 184. 4

9.0223. 5

5.24.5

6.00

10, 861* 5, 635

3.91

-7 .4r 182. 4

6.5115. 9

1.748.4

.144

98.2

1.7

1.141.05

16.7

35.6

1.321.26

1.6

.68

5952

90

115218

255245

. 095

~"l.~21~

* 95 2367.0.590

139. 899.7

435.2390. 6

3.8

.428

9.6^ 175. 2

10.4243. 1

9.33.3

6. 00

10, 130r 4, 983

4.08

'8.1r 144. 8

5 599.3

4.748.7

.144

84.6

4.2

1.111.02

16.4

26.6

1.321. 25

1.2

.68

6654

78

836231

57097

.090

1.22~

T 85 5328.7

.603

127. 086.6

407. 9363. 9

5.1

.428

6.9r 140. 3

6.2231.8

5.910.0

6.00

9, 558- 4, 183

4.29

'• 7. 6-119.4

4.882. 1

2.639.2

.144

92. 7

426 0262. 6163 4

5. 5

1.181.09

15.3

3 I 3163 5143 80127.8

1.351.26

946«33113

8

.71

6145

75

1. 079332

1.34087

.087

23. 11.42

-91.8284. 5

. 596

122.581.6

378. 2336. 9

7.5

.432

-3.9-129.7

5. 7199.8

7.93.3

6.00

9, 557- 4, 148

4. 43

-7 .1-121.4

5.063. 0

2.041.9

.144

115.6

4.8

1.221.14

16.8

33.5

1.181.19

.6

.71

27162

192

1, 113357

1,235197

.088

•

~"I.~45~

-91.9241.3

.593

115. 773.7

363. 3323. 7

9.7

.432

4.0r 122 2

6.5150.8

.33.8

5.99

9, 205- 3. 900

4.48

- 6. 7- 128.2

5.364.3

1.653. 6

.144

125.6

7. 7

1.211.11

16.7

55. 7

1.151.16

9

.72

8148

200

377264

1,710•'03

.088

1.4~4~

-111 6207. 0

. 593

124. 578.3

340. 7301.6

8.4

.432

- 7.0-133.9

5.8131.7

7.02.9

6. 00

9, 706- 4, 399

4. 42

-6.3r 158.3

f>. 381.5

2.938. 0

.146

130. 7

329 5199. 1130 4

5.8

1.181.09

14.4

4 3533 2171 13654.7

1.191.19

773688

85

2

.74

7084

168

295329

1. 592357

.088

14.81.42

- 128 8187. 1. 587

- 125.9-82.4

318.1279.2

6.6

.430

6 0- 140. 3

5.996.8

3.32.5

6.00

10, 066- 4, 922

4.34

- 7.6- 176. 9

6.180.9

2.127.4

.146

123. 8

5.5

1.181.10

15.9

46.8

1.221.20

.2

.75

90689

232

329379

] . 447314

. 088

"i.~48

-123 5191.2

.587

124.0-81.4

301.6263. 7

4.6

.430

5.6r141.5

6.182.6

3.03.1

5. 98

9. 842-4,917

4.25

6.6- 181.0

5.886. 1

.837.9

.146

112 5

6.7

1.161.09

15.9

33.5

1.191.18

.2

.71

138187

143

192386

1. 197419

.088

~~T38~

-139 4191.0.586

r 145. 896. 5

301.7264. 0

8.5

.422

6 7- 150. 0

7.369. 7

3.42.4

5. 98

11,007- 5, 655

4.12

-7 .3- 206. 7

6 697.6

.888.6

.146

123.4

- 231 0129.2

- 1 01 82.9

1.181.10

17.4

3 9642 2541 01033.5

1.211.21

- 517446

72

1

.68

14189

170

123

931I 3,-^

. 088

"~ i6~8~

1.34

- 142 7195 7.586

- 151.8- 106. 5

323. 1284 0

6.4

.420

10 7- 160. 8

9. 182. 6

5.23.0

5. 96

11,346- 5, 904

3. 94

- 7.8-217.7

7. 5104.6

1. 161. 0

.146

126.6

5.6

1.221.14

16.5

42.4

1.241.24

.3

.68

1631«4

105

148494

7464 00

.088

~~"l .~32~

- 153 5203 5.587

- 176. 4- 128. 3

352. 2309 7

7.0

. 420

10 0- 208 5

10 0147. 6

8.62 7

5.94

12, 330' 6 613

3.82

- 7 4- 250. 2

7. 1130 6

1 3119 4

.146

129 7

12 6

1 ?31 16

17 ?

35 4

1.281.27

7

.66

103109

69

71428

531

. 088

------

142 9- 234 Q

.587

175 3128. 1

-331.8- 339 •>

5.4

.421

2()9 0

9 6208 9

5 43.0

5.93

- 1 1 , 7906 528-3.78

6 6235. 6

0.4r'8 6

(>107 1

. 146

96 6

- 132 7'-' 59 73 73 1

1 191 11

17 0

2 '-M C^

1 479866

9g f)

1 . 2 f >1.24

3 31 ̂3 9r)9

3 f,3

g

. 66

49

74

58372

355

p. 088

"""a" 5." 3"

1.28

240 1.591

4"5. 4359 0

.428

10 824

3 94

" 387 7

1 is1 08

«3 88515 *>

1.221.21

" 910

. 65

a 79 4

a 34.4

. 1.19r Revised. *> Preliminary.1 Crop estimate for the year. * Quarterly average.3 Old crop only; new crop not reported until beginning of new crop year (July for barley,

oats, rye, and wheat; Oct. for corn).^Revisions arc available upon request as follows: Jan. 1961-June 1962 and Jan.-May 1963

for cheese and nonfat dry milk; Jan .-June 1962 and Jan.-May 1963 for butter and condensed,«vaporated. and dry whole milk.

cf Revised series; data reflect inclusion of creamed cottage(formerly excluded). Revisions for 1946 and 1952-58 (formerseries) appear 011 p. 24 of the Mar. 1964 SURVEY.

§ Excludes a small amount of pearl barley.t Revised scries (for No. 2; formerly, for No. 3).9Bags of 100 Ib. "Aug. 1 estimate of 1964 crop.

cheese andseries) and

frozen1958-fi2

products(revised

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

S-28 SURVEY OF CURRENT BUSINESS ISXiJ

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1902 1963

Monthlyaverage

1963

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

19(14

Jan. Eeb. Alar. Apr. May June i July! i

FOOD AND KINDRED PRODUCTS; TOBACCO— Continued

GRAIN AND GRAIN PRODUCTS— Con.

Y V h e f l t :Production (crop estimate) , total mil. bu..

Wi t^ h V — dodistribution fouarterlv total) do

Stocks (domestic), end of quarter, total do....

Off farms *̂

Fxports total including flour d*o

Prices, wholesale: „ xNo 1, dark northern spring (Minneapolis)

$ per bu..Vo.2.hd.anddk.hd.winter(Kans. City) -doWeighted a vg 6 markets all grades do

VTHeat flour:Production: ,, x

Flour .thous. sacks (100 Ib.)..

Offal ' thous. sh tons..Orindin?s of wheat - thous. b u _ _Stocks held by mills, end of quarter

thous sacks (100 Ib )

Prices, wholesale:Spr'ms? standard patent (Minneapolis)

$per 100 lb_.Winter hard Qr>^ patent (T^ans City") do

LIVESTOCK

Cattle and calves:Sin nearer (federally inspected) :

Calves thous animals..C strip ^^

Pppplpf 9 (salable) at 27 public markets do. _.Shipments, feeder, to 8 corn-belt States doPrices, wholesale:

"Reef stoers (Chicago) $ PPF 100 lb_ _Steers, stocker and feeder (Kansas C i t y ) - _ d o _ _ .Calves, vealers (Natl. Stockyards, Til.).- do...

Slaurhter rfederally inspected) ....thous animals.Receipts (salable) at 27 public markets doPrices:

Wholesale, average, all grades (Chicago)$per!001b._

TTo<?-eorn price ratio (bu. of corn equal in valueto 100 Ib live hog) - -

Sheep and lambs:Slaughter (federally inspected). -..thous animals.Receipts (salable) at 27 public markets doShipments feeder to 8 corn -belt States doPrices, wholesale:

T ambs average (Chicago) $ per 100 IbLambs, feeder, good and choice (Omaha).do

MEATS AND LARD

Total meats:Production (carcass weight, leaf lard in), inspected

slaughter - m i l . l bStocks (excluding lard), cold storage, end of

month mil. IbExports (meat and meat preparations) t doImports (meat and meat preparations)! — do

Beef and veal:Production, inspected slaughter . ..do,..Stocks, cold storage, end of month do.. _"Kx ports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) Sper lb_Lamb and mutton:

Production, inspected slaughter mil. IbStocks, cold storage, end of month . . do

Pork (includinglard), production, inspected slaugh-ter mil Ib

Pork (excluding lard):Production, Inspected slaughter. . _ doStocks, cold storage, end of month ..doFxports _ _ _ _ _ d oImports ... - . - - - - - ...doPrices, wholesale:

Hams, smoked, composite $ perlb..Fresh loins, 8-1 2 Ib. average (New York) .do

Lard :Production, inspected slaughter . . mil.lbStocks, dry and cold storage, end of mo do.Exports _ - _ - _ - do -.Price, wholesale, refined (Chicago") $ per l b _ _

i 1,094i 273i 8212316

2 1, 7132 259

2 1, 453

49.243.0

2.482.192.41

21, 83992.4406

49, 613

a 4, 5842,686

5. 9095.621

4151, 6951,225

595

27.2024.5329.75

5,6481, 650

16.44

16.4

1,224524224

19.455 15. 57

2,151

48142

109

1, 046. 6163. 5

2.379.0

.464

57.914.3

1,046.5

806.0235.9

5.317.0

7.491.475

175.398.935.2.125

i 1, 1381 2331 9052337

21.5632 259

59.753.3

2 422' 202.33

21, 991r 92. 6M07

49, 976T 24, 710

2,808

5.6395. 365

3781. 8051,173

551

23. 7922. 9530. 00

5, 9651, 646

15.03

13.6

1, 163444200

18.69« 17.46

2. 292

59245

122

1,137.4217.2

2.392.0

.417

55. 619.5

1, 099. 0

856. 6279.211.517.6

.464

.443

176.4123.144.8.122

311

3 1, 195395

3 1, 100

49.139.1

2.502.032.18

20, 42193.6377

46, 520

4 3834, 330

5. 0505. 233

2821,752

997294

22. 5422.7428. 00

4,8801,411

16. 30

13.9

972350115

20.0019.74

2,078

62342

105

1,112.8197.3

1.778.0

.402

44.619.8

920.4

708.0322.511.514.5

.458

.470

155.3136. 324.2.115

55.451.4

2.312.012.12

21,68790.4398

49,215

1,702

5. 3884.967

3411 . 8381, 185

342

24. 5023. 1927. 00

4,9951, 405

17.20

14.4

1,201470122

16. 5017.80

2, 150

57938

144

1. 150.0201. 0

1.9110.1

. 420

55. 019.9

944.2

731.4274.0

8.120.0

.478.495

155. 0113.952.4.118

52.147.6

2.262.032.19

22, 88695.3

42551.990

1,937

5.0134.900

3001,9001,107

408

24.4723. 0727. 50

5,1741,393

10.00

13.9

1,204442223

10. 5010.84

2,187

42142

1,187.3208.8

2 71 1?)'. 7

. 422

55. 719.8

943. 5

735. 3220.0

6.514.3

.488.498

151.388.364.8.125

39°

1, 941409

1.533

58. 152.2

2.362.092.29

21, 40997.9400

48, 798r 4 516

2, 570

5. 5505. 283

3951, 8291.2S7

717

23.8022 7128.' 50

5, 8681,573

15.53

12.7

1,236601428

18.7516.84

2,245

52347

144

1, 130. 8228. 2

2.8122. 0

.420

57.418.0

1,050.6

823. 7210. 4

9.714.8

. 405

.478

105. 181.253.2.123

75. 570.4

2.432. 202.37

24. 64998.0

»• 45956, 105

2, 232

5. 7255. 467

4022, 0921.5921,281

23.9722. 3827.50

6,7751,846

15.29

14.1

1,441040457

18.2516. 52

2, 582

54158

132

1,291.2246. 1

3.2105. 7

.417

67.317.8

1, 223. 4

959.3208.9

14.419.1

. 463

.401

191. 375.247.6.131

01.055. 1

2.392.212.34

22 220101. 0

41250, 558

2, 550

5. 7385. 450

3851,7931,2831,133

23.3821. 5330. 50

6, 3801, 726

14. 39

13.9

1,112419213

18.8816.44

2, 360

02302

112

1,117.8279. 5

2. 989.8

.404

52.517.2

1,195.7

939.2250. 2

15.110.2

.472

.427

187.192.435.2.143

329

1, 613309

1,304

68.960. 0

2.372.232.31

21, 39991.8393

48, 599

4 8233,878

5. 5385.233

4001,8081, 205

578

22.1020. 0030. 50

6, 0951,874

13. 70

12.0

1,105400122

19. 38

2,450

05349

121

1,137.9287.6

2.490. 6

. 391

53.218.6

1,259.2

987.4276.716.518.6

.480

.417

198.4119.432.7.125

*70. 566.0

2.372.242.31

23, 51997.5433

53, 494

1,912

5.5385.250

4122,0131,189

525

22. 3821.1731.50

6, 9561,828

14.22

13.2

1,296394146

19. 50

2, 662

72900

119

1, 292. 8297.5

3.589.3

.398

63.918.3

1,305.6

1,017.1332.8

22.916.7

.458

.438

209.4105.762.7.128

71.565.6

2.322.232 27

21. 21896.8390

47, 872

2, 527

5. 5635.300

3421,710

909319

21.1821.5734. 00

5,8981,511

14.37

13.2

980294143

21.12

2, 252

7735073

1,119.3282.1

2.151.9

.381

49.018.4

1, 082. 8

854.4382.3

18. 514.8

.457

.413

173. 0124.9

52. 3.131

r 410

r 1, 205153

r 1, 052

86.681.5

2.252.172.19

21, 95690.0400

49, 640

5 8432, 183

5. 3135. 150

4001,8781,141

384

21.3821.4231.50

6 4201,635

14.22

12.7

1, 035304133

22 ^5

2,447

81053

101

1,220.2284. 5

2.571.4

.378

52. 518.3

1,174.7

914.5411.213.019.7

.452

.409

189.1113. 651.6.126

78.070.7

2.342.262.26

22. 24191.2411

50, 226

3,127

5. 6005.400

3792,0451,139

355

21.0320.9126. 50

6,4811,681

13.89

12.3

1,052319171

22. 25

2,575

8724789

1,314.8276. 3

3.960.4

.379

53.616.3

1, 206. 5

940.9473.610.916.3

.435.401

193.0116.372.8.130

79.572.1

2.352.132.26

21,96194.3

40949, 890

3, 191

«• 5. 478r 5. 250

3212, 0701,0^2

322

20. 2919.24

r 27. 50

5, 4761,460

14. 46

12.3

980289215

24.00

2, 406

8736370

1.319.6

53.' 1

.372

48 210.4

1, 038. 1

798. 4408. 8

13.518.0

.423

. 395

175. 7r 125. 2

51.91 .130

300

3 900s 75

3825

60. 054.8

2.381.531.58

27, 057110. 6

50701,557

5, 3542, 249

p 5. 785p 5. 334

3382, 2071, 257

200

21.3718.92

p 23. 5!)

5, 0381,443

15.22

12.8

1, 050337154

23.75C5)

2, 404r 833

56126

1, 384. 8r 300. 4

5. 099. 6

.384

48. 3' 18. 2

970. 9

743. 6-412.9

12.917. 0

p. 448.461

165.795.291.1

p. 131

« 1,285a 273

* 1,012

1. 701.551.59

~~M~201

23.1518.81

* 1,405

15.88

14,4

* 343

23.38

722

284. 7

. 408

10.9

325. 0

.503

r Revised. *> Preliminary.1 Crop estimate for the year. 2 Quarterly average.8 Old crop only; new grain not reported until beginning of new crop year (July for wheat).* Beginning Jan. 1964, flour included in total is converted to grain equivalent on basis of

2.33 bu. of wheat to 100 Ib. of flour (2.3 bu. formerly used).5 Average based on months for which quotations are available. 6 No quotation.

Cattle, etc., 1,154; hogs, 1,461; sheep, etc., 463

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

August l!Mi4 SURVEY OF CURRENT BUSINESS S-29... - .

Unless otherwise stated, statistics through 19G2and descriptive notes are shown in t he 1963edition of BUSINESS STATISTICS

19G2 19(53

.Monthlyaverage

19G3

Juno July Aug. Sept. Oct. ! Nov. Dec.

19G4

Jan. Feb. Mar. Apr. May June July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

POULTRY AND EGGSPoultry:

Slaughter (commercial production) mil 11")Stocks, cold storage (fro/en), end of month, total

mil.lb-Turkcys do

Price, in Georgia producing area, live broilers$ per l b _ _

5ggs:Production on farms _mil casesO-.Stocks, cold storage, end of month:

Shell thous. casesO-.Frozen mil. l b _ _

Price, wholesale, extras, large (delivered; Chicago)$per do7,_-

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl shells) thous Ig tonsPrice, wholesale, Accra (New York) $ per lb_.

Coffee (green):Inventories (roasters', importers', dealers'), end

of Quarter thous bagscfRoastlngs (green weight), quarterly total do

Import^ total doFrom Bra/il do

Price, wholesale, Santos, No. 4 (New York)$ porlb..

Confectionery manufacturers' sales _ mil. $

Fish:Stocks, cold storage, end of month mil. l b _ _

Sugar :Cuban stocks, raw, end of month

thous. Spanish tons_.United States:

Deliveries and supply (raw basis) :§Production and receipts:

Production thous sh tonsEntries from off-shore, total 9 do

Hawaii and Puerto Rico__ do

Deliveries, total 9— doFor domestic consumption do

Stocks, raw and refined, end of month.do

Exports, raw and refined sh. tons.Imports-

Raw sugar, total 9 thous. sh. tons..From Republic of the Philippines _ _ _ d o

Refined sugar, total do

Prices (New York):Raw, wholesale $ p e r l b _ _Refined:

Retail (incl. N.E. New Jersey) $ per 5 IbWholesale (ex el. excise tax) .$ per l b _ _

Tea imports thous Ib

Baklnsr or frying fats (Incl. shortening):Production. _ ___ _ _ mil. IbStocks (producers' and warehouse), end of month

mil. IbSalad or cooking oils:

Production doStocks (producers' and warehouse), end of month

mil. lb_.Margarine:

Production doStocks (producers' and warehouse), end of month

mil. lb_-Price, wholesale (colored; mfr. to wholesaler or

large retailer; delivered) $ per lb_ .

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats: ATallow, edible:

Production (quantities rendered) mil. lb_ .Consumption in end products __ doStocks (factory and warehouse), end of month

mil. 11)..Tallow and grease (except wool), inedible:

Production (quantities rendered) doConsumption in end prooucts doStocks (factory and warehouse), end of month

mil. lb_-Fish and marine mamma lolls:

Production^ _ ___ _ doConsumption in end products _.. __ _ _ _ d oStocks (factory and warehouse), end of month

mil.lb-

578

306199

.144

14.5

18682

.334

23.8.208

» 3, 3552 5, 669

2,041758

.344105

180

1,424

273550166

821813

1,599

259

35910225

. 065

. 569

.089

10, 808

224.0

173.5

211.0

245. 0

143.8

39. 0

.256

35.830.7

25.7

287.8150. 6

384.7

21.38.2

144.0

604

295184

.138

1 14. 6

13273

.343

23.5.253

2 3, 9222 5, 704

1, 986772

.345110

206

-947

314540159

836832

1,675

342

3599114

.081

.688

.111

10, 503

211.1

132.3

191.0

248.7

145.4

45.8

.238

41.433.6

41.3

317.2150.7

385.9

15.37.4

6 166. 5

555

17889

.136

14.8

274103

.289

23 4.256

3,4355, 357

1 332520

.34283

186

1,684

j'>404203

595

1.542

145

46513916

.092

.833

.139

7, 155

210.7

132.0

195 7

307.1

125.9

46.2

.238

41.336.5

49.1

312 3149.0

336.1

28.07.6

184.7

641

193101

.137

14.6

236108

.321

14.4.245

1,957790

.33875

219

r 1,158

64451246

807799

1,504

486

419118

8

.077

.803

. 121

9,493

186.7

115. 5

197.2

292. 5

125. 2

40.8

.238

38.735. 9

47.4

309.2127.4

349. 3

•>9. 48.4

165.0

701

256155

. 137

M4.2

206105

.337

16 7. 245

1 888745

.33595

230

550

985161"9

921917

1,273

186

404133

5

. 065

.753

. 108

7,717

211.4

112.0

190.5

258. 2

136. 7

41.7

.238

45.439.5

39.1

330 5157.5

354.6

34 27.0

176. 5

735

363251

. 130

T 13 6

15495

.395

19 3.256

4, 0085, 074

2 167908

.335154

236

465

14623098

960958

1,023

154

383101

3 42

.073

.681

. 099

11.011

214. 5

103.7

183.9

210. 2

148. 6

40.8

.238

39.735.9

33.9

304 5145. 6

333. 6

19 87 0

181.5

833

490361

.134

14.3

13780

.375

19.3.276

2. 486949

.353148

243

275

750424150

968967

1,273

209

3519019

.092

. 675

.114

13,439

258. 1

103. 4

187.5

(4)

161.3

44.1

.238

42.536.5

29.8

350 3167.0

353. 0

14 28 1

159.0

688

426288

.138

14.2

11168

.376

13 8.255

2 1811 026

.380133

249

175

93824194

639637

1,920

1,127

2149

19

.095

. 750

.127

10, 571

228. 8

104.2

177 0

160. 0

147 9

40.8

.238

42.837 7

29. 0

397 3140.1

372. 8

10 07 2

7 197. 1

636

364217

.128

14.7

6755

.372

21 0.261

4,7266,306

2 143982

.380119

244

25

93912456

952950

2,487

352

4239414

.084

.771

.122

8, 851

203. 0

119.3

183 ?

145. 1

163 1

36. 4

.238

38.528 8

35. 6

319 9141.8

386. 2

6 16 5

7 168. 4

552

359215

. 139

14.8

13744

.387

26 7.263

1 977718

.480129

220

130

5951.213

78

(542641

2,579

585

103682

.095

. 7(59

. 125

10, 823

207. 1

114.2

175 6

137.5

181 4

42.7

.238

41.330 2

35.7

363 35 183. 6

387.3

6 5

7 129. 8

459

320188

. 141

14.4

7840

.320

93 9.233

1 970591

. 465120

178

625

305224108

583582

2, 581

785

9211

.082

. 774

. 118

10 6f)7

209. 8

113.4

199 9

124.7

159 4

46.7

.238

46.337 2

36. 4

336 4173.2

421. 5

26 9

110.5

494

273151

.140

16.0

3646

.326

29 4. 236

r 4 366r 6 645

2 4761 006

. 505109

163

1,345

197371•)98

701700

2. 533

571

226891

.073

737. 112

l '> 377

213 0

113 9

''II 4

119. 5

159 8

52.0

.238

41.937 3

37.4

335 3161.8

395. 9

36 9

99.4

541

241123

.135

15.7

8162

.290

16 8.220

2 460843

.500104

156

1,835

120348223

732731

2,341

367

205423

.074

.722

.105

13 982

216 3

116 5

201 0

126.2

150 2

48.6

.238

44.639 2

38.5

366 0173.8

395. 9

3 57 6

95. 5

569

219100

.130

16.0

17186

.276

17 6.227

1 597302

.49089

162

1, 695

66399216

765764

2, 185

407

340127

1

r. 068

. 696

.102

11,552

221.4

122.1

r 207 4

129.0

138 4

50.6

.238

49.642 0

38.7

361 0178.3

331.1

r 29 4r 6 8

r 113. 2

611

r 2 H

'89

.135

15.0

r 201r 1 06

.293

.224

4 2165 016

1 344'399

'. 485

M77

1,370

45723244

919918

1 , 866

396

293

^

. 066

. 66S

. 090

10 409

233 8

131 1

935 i

120.7

134 3

47.2

". 238

45.940 4

37.8

351 3187.1

329. 1

39 66 9

124 0

224101

. 145

14.9

185114

. 326

P 235

" 475

199

1, 380

6282' >4

" 1 , 496

". 062

r Revised. * Preliminary. * Beginning Jan. 1963, includes data for Alaska and Hawaii.2 Quarterly average. 3 Effective Sept. 1963, includes small amounts of refined sugar,

tinctured, colored, or adulterated. 4 Not available. 5 Beginning Jan. 1964, data are notcomparable with those for eailier periods; consumption for feed now based on Tenderers'shipments instead of feed mill reports. e Beginning March 1963, includes General ServicesAdministration stocks no longer required for the strategic stockpile. 7 Includes a sig-nificant amount described as "contaminated."

OCases of 30 dozen. cTBags of 132.276 Ib.Q Includes data not shown separately; see also note "§"

tive revisions for prior periods.A For data on lard, see p. S-28.{Revisions for Jan.-June 1962 appear in the Sept. 1963 SURVEY.

§ Monthly data reflect cumula-

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

8-30 SURVEY OF CURRENT BUSINESS

-

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

19G3

June •July Aug. Sept. Oct. Nov. Dec.

1964

-Tan. Fel:. 1 Mar. Apr. Mayi

June July

FOOD AND KTNDRED PRODUCTS; TOBACCO—Continued

FATS, OILS, AND RELATEDPRODUCTS— Continued

Vegetable oils and related products:Coconut oil:

Production:Crude mil. lb-Refined do

Consumption in end products doStocks, crude and refined (factory and ware-

house), end of month -_ -- -_mi l . lb_-Imports do

Cornell:Production:

Crude - - -- doRefined do

Consumption in end products! doStocks, crude and refined (factory and ware-

house) end of month! mll.lb -

Cottonseed cake and meal:Production thous. sh. tons.-Stocks (at oil mills) end of month do

Cottonseed oil:Production:

Crude - - mll. lb -Refined do

Consumption In end products _ doStocks, crude and refined (factory and ware-

house), end of month mil. l b _ _Exports (crude and refined)* doPrice, wholesale (drums; N.Y.) $perlb_.

Linseed oil:Production, crude (raw) _ _ _ _ mil. lb .Consumption In end products . _ _ d o .Stocks, crude and refined (factory and ware-

house), end of month - - _ mi l . lb_Price, wholesale (Minneapolis) $ per lb_ .

Soybean cake and meal:Production thous. sh. tons.-Stocks (at oil mills), end of month 5 _ - d o

Soybean oil:Production:

Crude mil.lb..Refined do

Consumption in end products doStocks, crude and refined (factory and ware-

house), end of month? mil. lb_ .Exports (crude and refined)* doPrice wholesale (refined - N Y ) $ per Ib

TOBACCOLeaf:

Production (crop estimate) mil IbStocks, dealers' and manufacturers' end of quar-

ter total mil IbE xports incl scrap and stems thous IbImports, incl scrap and sterns do

Manufactured:Production (smoking chewing snuff) doConsumption (withdrawals):

Cigarettes (small):Tax-exempt millionsTaxable do ..

Cigars (large), taxable __ . _ . _ do. _ _Manufactured tobacco, taxable thous Ib

Exports, cigarettes millions..

135.844.357. 5

243.422. 1

30.429.326.8

49.1

223.2118.6

161. 5132.4108.8

419.630.9.167

31.831.5

111.8.142

867.886.5

407.4338.9340.7

803. 9101.1.133

< 2.315

5 4, 69339, 07313,951

14,066

3,42241,205

53013, 7702,007

29.046.260.4

227. 431.0

32.530.327.5

58.2

225. 3172.9

158.2131.195. 6

598. 430.4.153

33.332 0

116 7.127

900.1127.3

421.1334 1318.3

3 865. 292.1.133

42.337r* 4, 92942,12413, 985

13, 953

3,42442,466

54713, 7021,968

23.349.962.2

210.920.0

33. 529 024.8

59.8

86.6214. 0

62 980.095.4

561.516.2.154

39.835.5

130.7.127

899.7140. 6

422. 2333. 5307. 8

878.277.7.134

4, 64540,89113. 458

13, 860

3, 26641,562

50913, 0711,929

34. 546 157.0

227.938.7

34.130.123. 3

(53. 1

72.0190.4

51. 252. 383.3

513. 718.0. 160

8.136. 5

99.3.127

878.7115.3

413. 6295. 4302.7

921.282.2. 132

33.21514, 857

12, 576

3. 34742.414

56613.012

1,990

26. 350. 165. 0

215.346.2

34. 826.828.9

61. 6

101. 0156.6

70. 557.488.5

465. 623.7. 150

25.935. 1

92.5.125

901 . 0146.7

426. 9336.1303.9

923. 187.0.124

40, 03314, 233

15, 019

3,86747, 006

60614. 8102,448

31.345.360.7

225. 035.3

31.931. 529. 5

63.1

224. 1159. 8

156.798.992.7

487. 521.5.151

37.432. 6

92.2.123

736.9145.1

345.9340. 0320.5

919.8142.7.133

4,74964, 82711,905

14, 759

3,17342. 399

55514.3821,656

33. 547.167.8

219. 539.4

34.730. 031.6

62.9

346. 3169.8

241.3166.1107. 2

554. 7

.154

41.131.8

103. 9.127

944. 4147.7

442. 1361.5348. 9

(2)99.6.133

76. 54815.802

16, 604

3, 74046, 740

65215. 8382 124

39.444.557.0

209. 37.8

34.632.228. 0

67.4

353. 7195.6

249.4174.298.9

637. 431.0.161

34.928.2

109. 4. 128

918.7165. 1

426.2331. 6317. 3

898. 942. 1.141

59, 29114, 737

13, 017

3, 56141, 272

64812, 8582,047

29.841. 559. 3

195. 90

30.934.2.32.2

64.8

304. 8188.0

212.3171.9101.7

685. 640.8.146

32.126.4

111.8.129

912. 0159. 5

425. 4329. 2316. 1

987. 957.3. 127

5, 24856, 37012, 553

11,947

3,36036, 684

40712,4401,964

30. 041.258. 0

193. 461. 1

32.730.133.3

62.4

326. 5207. 5

231.4158.295.2

739.853.3.143

35. 328.0

124. 4.133

842.0152.4

388. 6351.2336. 6

1,022.470.2.123

36, 90112,438

15, 068

3,34440, 980

59414,8631,843

30.041 658.7

196. 541.6

34.628.634.5

60.5

292.8'Ml. 4

207.4137. 1102 9

803. 748.7.141

33.631.0

132. 0.133

807. 3162. 4

376. 2398. 3330.9

1. 006. 474.7

122

36, 30722, 822

16, 150

3, 23429, 168

62215, 550

1, 702

(-)41 161.9

185. 546.1

37.234.733. 0

60.3

259. 1259.9

185.8146. 7107. 5

801.676.3.145

33. 532. 5

132.9.133

790.7157. 2

368. 9362.7353. 3

991.469.2.122

5, 31023, 52912, 876

16, 937

3, 21637, 854

68216, 2142,107

18 648 466.7

166.034. 8

36.630 031.7

63.9

212. 9295. 7

154. 7151 9103.8

810.238.4.149

31.535.1

131.6.133

819.0139.9

385. 6352. 1344.8

922.3126.0.121

29, 66714, 687

16, 701

3,14443, 686

67016, 0281,862

20. 041.965. 9

158. 227.8

35.997 7

r30. 9

62. 6

165. 1325. 6

119.2137.299.2

769. 254.0.152

39.334.6

137.6.133

855. 2167.6

398.7355. 6

r 342. 3T 873. 3

62 7.123

31,30714,147

14, 647

3, 12641, 714

73114. 231

1 , 890

25.238 057. 7

153. 836. 4

37. 034.333. 0

63.8

116. 7305. 0

86.6117. 2111.9

701.643.1

p . 1 52

40. 836. 4

139.4p. 133

817.7121. 6

380. 0400. 5366. 1

819. 199. 5

p . 121

4 90644,08415,735

2, 046

a 2 16*

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value total 9 thous. $Calf and kip skins thous. skins_.Cattle hides thous hides

Imports:Value, total 9 thous. $..

Sheep and lamb skins thous. pieces_.Goat and kid skins do

Prices, wholesale (f.o.b. shipping point):Calfskins, packer, heavv, 9^/15 Ib .-$perlb_.Hides steer, heavv, native, over 53 Ib do

LEATHERProduction:

Calf and whole kip thous. skins..Cattle hide and side kip thous hides and kipsGoat and kid thous skinsSheep and lamb ._ . do

Exports:Glove and garment leather thous. sq. f t _ _Upper and lining leather do

Prices, wholesale:Sole, bends, light, f.o.b. tannery $ per lb_.Upper, chrome calf, B and C grades, f.o.b. tan-

nerv $ per sq. f t_ .

6,909171593

5, 5392,2901,198

p . 623*.152

4981,8771,1842, 527

3,5023,019

v . 711

"1.326

6.215155664

5,2532,1921,231

v . 365p. Ill

4661,8041,1822,864

4,6403,423

p. 678

P 1.151

5, 249139539

4,8871.6081, 127

. 350

.108

4831, 7651,3663,007

4,2362,966

.687

1.173

5.726117622

6, 6923, 7091,275

.350

.113

4241,5881.1412. 367

3. 2722, 573

.687

1.170

6,609147756

4,8091,7231,346

.350

.108

4851,802

8623.234

5,5483,860

.660

1. 140

5,861136661

4,948e 1, 923

1,211

.300

.103

4031,7741,0642,833

4,2522, 955

.657

1.133

7, 124190919

4, 3201.2491,250

.275

.110

5322, 0391.2583,128

5,4934,436

.657

1.097

7, 256206843

3, 905781

1, 000

.300

.110

4531. 7931,1372,906

4, 7633,984

.657

1.103

5, 711203659

4, 2121,3611,150

.325

.090

4711,7981,2122,693

4, 8634,968

.657

1.137

6. 525255787

5, 2237 1, 031

1,360

.325

.083

3861,8441, 3252, 552

5, 2734, 393

. 650

1.143

6, 779233904

7,1223, 2541,113

.325

.078

4141.7901,0472.727

4, 5224, 051

.650

1.137

6, 385245778

8, 4564,3701, 099

.325.083

4841,8351,0592,731

4,9504 486

.647

1.137

7,088213882

8,1113, 3801,323

.400

.113

5251,9931,1712,813

4, 2933, 809

.657

1.133

8 620239

1,072

8, 5193,6151, 650

r .438.098

6011,9891,1323,018

4, 5623 627

. 657

1.138

8 252151987

8, 2422, 7321,134

P431p urn

3,4433 762

p. 657

P 1.138rRevised. p Preliminary. J Average based on reported annual total. 2 Not avail-

able. 3 Average based on months for which data are available. * Crop estimate for theyear. 5 Quarterly average. 6 Effective Sept. 1963, data reflect minor changes in coverageto conform with ''Tariff Schedules of the United States." 7 Effective Jan. 1964, dataexclude items presently reported in Ibs. instead of pieces. ° Aug. 1 estimate of the 1964 crop.

} Revisions for 1962 appear in the Sept. 1963 SURVEY.

*New series. Data prior to Sept. 1962 may be obtained from Bureau of Census reports.§ Monthly averages for 1951-56, published in 1963 edition of BUSINESS STATISTICS,

should read as follows (thous. sh. tons): 1951-56, respectively—95.3; 60.1; 119.1; 1274; 78.7,138.5. Corresponding data in 1961 edition of BUSINESS STATISTICS should read (railIb.): 1951-56, respectively—190.6; 120.3; 238.2; 254.9; 157.3; 276.9.

9 Includes data for items not shown separately.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1!)(>4 SURVEY OF CURRENT BUSINESS S-31

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:Production total t thous pairs

Shoes, sandals, and play shoes, except athleticthous .pairs -

Slippers for housewear do\thletic doOther footwear _ _ do .

Exports ._- - doPrices, wholesale, f.o.b. factory:

Men's and boys' oxfords, dress, elk or sideupper, Goodvear welt 1957-59 = 100.-

Women's oxfords, elk side upper, Goodyearwelt 1957-59 = 100

Women's pumps, low-medium qnalt ty-_.do__-

49,803

42,0330. 003

583584

177

105.6

107. 8111.2

49, 284

42, 1575, 918

502707

170

105.1

106.5110.7

44, 635

37, 9975, 401

558679

145

105. 1

106. 5110.0

44 848

38. 4305. 368

377673

136

105. 1

106.5111.1

55, 670

46, 6867, 526

495963

182

105. 1

106. 5111.3

50. 132

40. 4868,087

4861. 073

190

105.1

106. 5111.1

53 809

42, 7849.212

5001, 313

205

105. 1

106 5111.3

44 671

35. 9927. 357

438884

208

105.1

106 5110.6

45 258

39, 9324, 1 09

412805

132

105.1

106 5110-9

51 556

46. 6893. 882

397588

115

105. 1

106 5111.2

50 033

44, 6344,614

390395

156

105. 1

106 5110.6

52 314

46, 2505, 107

439518

910

105 1

106 5110. 6

49 905

42.2175, 969

443576

174

105. 1

106 5110.8

47 795

40, 3256, 390

354726

194

105. 1

106 5110.9

243

105.1

106 5110.9

LUMBER AND PRODUCTS

LUMBER— ALL TYPES

National Lumber Manufacturers Association:^ OProduction total mil bd ft -

Hardwoods doSoftwoods -- - -- -do

Shipments, total do

Softwoods do

Stocks (CTross) mill, end of month, total _ do ..PTard woods doSoftwoods _- - do

Fxports total sawmill products _ __ do _Imports' total sawmill products do

SOFTWOODSd1©Douglas fir:

Orders new _nill. bd. ft_.Orders unfilled, end of month do

Production - -- doShipments _ _ do _Stocks (gross), mill, end of month do

Exports, total sawmill products doSawed timber __ do _ _Boards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$ per M bd. f t_ .Flooring, C and better, F. G., 1" x 4", R. L.

$ per M bd. f t_.Southern pine:

Orders new mil. bd. f t _ _Orders unfilled, end of month .. do

Production.- do _ _ _Shipments __ _ 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, (indexes):Boards. No. 2 and better, 1" x 6", R. L.

1957-59=100—Flooring, B and better, F. G., 1" x 4", S. L.

1957-59=100..Western pine1

Orders, new _ mil bd ftOrders, unfilled, end of month do

Production- doShipments _ doStocks (cross), mill, end of month doPrice, wholesale, Ponderosa, boards, No. 3, 1" x

I9" R L (6' and over) $ per M bd ft

HARDWOOD FLOORING

Flooring:Maple, beech, and birch:

Orders, new mil. bd. ft..Orders, unfilled, end of month doProduction _doShipments doStocks (gross), mill, end of month do

Oak:Orders, new__. doOrders, unfilled, end of month. ._ _doProduction doShipments doStocks (gross), mill, end of month do

2, 764530

2,234

2,777525

2, 252

6,3461, 5294,817

63408

680496

665673991

261017

78.65

122. 52

478255

478475

1, 3666,3251,5714, 754

93.1

94.6

800416

789797

1,679

67.43

3.110.52.72 97.9

65.742.865.065.975.2

2,882581

2,301

2, 866564

2, 303

6,5041,8424, 662

73i 445

679538

671676969

311219

79.92

134. 22

491280

484488

1,3806, 414

8325, 583

92.5

95.2

849383

841839

1, 657

67.42

2.910.82.82 76.5

68.345.269.369.143.6

2,835619

2, 216

2. 923564

2, 359

6, 4191 8304, 589

60516

664554

595651974

228

14

80.84

131.74

496312

478493

1.3955, 334

5344,800

92.9

95.3

910417

835894

1, 577

69 06

3.511.42.53 46.2

68 449.670 074.540.2

2,743554

2,189

2.939520

2,419

6, 2431 8664.377

77616

609521

542643882

309

21

86. 00

136.04

541305

511548

1,3585, 926

9874, 939

93.9

95.5

942435

866924

1,519

70 79

2.810.52.73 45.5

7'? 948.172 274.438.0

3, 145588

2. 557

3, 100567

2, 533

6,3121 8874, 425

76576

618450

692689894

311121

85. 90

138. 45

523279

518549

1.3277,174

6756, 499

94.3

95. 7

89'?356

1 006971

1,554

72 16

3.110.23.33 35.4

75 547.575 376.137.2

3 115609

2, 506

2, 90356?

2. 341

6,4541 9144, 540

771 457

719491

700677925

261016

79. 86

136. 72

486269

503496

1,3344.681

3974, 284

94.0

96.0

866347

977875

1, 656

70 56

2.010.02.82 45.8

64 944.969 468. 638.7

3 244617

2,627

3, 054599

2, 462

6 4931 9644, 529

84469

800520

745772878

341520

77.96

137. 67

562279

545552

1 3277 676

8336, 843

92.8

95. 6

1 002384

992837

1.683

65 96

3.210. 63.39 (}

6.6

72 840.479 977.539. 7

2 798600

2 198

2, 707579

2, 128

6 5551 9874 568

89

381

649598

666641923

371423

77.73

139. 77

483964

484498

1 3138 2101 9256,985

93 0

95.6

730352

779

769

1,693

fi4. R9

2.110.42.52 46.6

55 134.768 364.741.2

2 559\501

2 058

2, 579516

2, 063

6 5411 9714 570

84364

665535

638659903

371819

77. 96

141.38

379956

411387

1 3377 9551 3006, 655

92 8

95.6

7CQ

347

7AQ

1,678

i'O K(1

2.210.52.61 Q

7.1

51 036.962 856.446.6

9 701'501

2 200

2. 686514

2,172

6 5941 9574 637

70'281

842671

761706984

281117

78.20

142. 46

447959

475444

1 3686 603

7475, 856

92.7

95. 6

891503

689

7351, 625

63 07

2.610.8

2.69 27.6

75 744.779 764.455. 0

9 817524

2 293

2, 945548

2, 397

6 4721 9304 542

68<391

738721

708688

1 004

271215

81.43

150.02

466270

476455

1 3896 391

9025, 489

92 8

95.4

937501

806QOQ

1,492

63 67

2.811.62.2

7.9

84 263. 665 265. 255.0

3 054493

2 561

3,082547

2. 535

6 4611 8714 590

97455

694637

771778997

381424

* 82. 01

152.42

528289

520509

1 40010 P431 Oil9, 632

92 6

95. 4

876496

930001

1, 541

66 45

3.012.42.3

7.8

74 768. 671 273.252. 5

2 99948?

2,517

3,129537

2, 592

6 3861 8104. 576

72475

731594

798773

1,056

271017

83. 10

151.90

557306

534540

1 3948 694' 788

7. 906

92. 7

95.4

894484

851906

1,485

68 05

3.112.53.0

7.9

09 462. 373 9

72. 353. 4

2 953? 465

2 488

3, 041594

6 3101 7474 563

90445

705558

756741

1 048

411823

r 82. 99

' 153. 45

536294

517548

1 36310 050

8479, 203

93 2

95. 4

007437

OCM

1,494

r AO Q9

2.812.52.7

7.9

54.1

68. 154.4

3 041539

9 502

3, 121535

2, 586

6 2961 759

4 474

77576

735520

770773

1 045

299Q

9

*82. 01

P153.45

550984

595560

1 3289 6921 5218,171

92.7

95.1

914458

875OQO

1,476

3.112 22! 9

7.3

48. 5

70.453.1 - - - - - - - -

' Revised. v Preliminary. c Corrected. l Beginning Sept. 1963, data excludesmall amounts formerly included.

tRe visions by months for 1961-Sept. 1962 are shown in Bu. of Census report M31A(62)-13.

^Revisions by months for 19nl-Oct. 1962 for production, shipments, and orders will beshown later; those for 1951-62 for stocks appear on p. 28 of the Jan. 1964 SURVEY/ O Be-ginning Jan. 1961, data for Alaska included in pertinent items.

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

S-32 SUKVEY OF CURRENT BUSINESS August I IM'4

Unless otherwise stuted statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

19R2 | 19153

Monthlyaverage Juno July A up;.

1903

Sept. Oct. Nov. Dec. Jan. Feb. Mar.

19 i i

Apr. May June Ju ly

METALS AND MANUFACTURES

IRON AND STEELI

Exports: !Steel mill products thous. sh. tons..Scrap doPig iron* do.

Imports:Steel mill products If doScrap t (^°Pig: iron* do —

Iron and Steel ScrapProduction and receipts, total thous. sh. tons..

Purchased scrap received (net) doConsumption, total doStocks, consumers', end of mo. _. __ do iPrices, steel scrap, No. 1 heavy melting:

ComDosite (5 markets) $ per Ig tonPittsburgh district do

Ore

Iron ore (operations in all U.S. districts):MMne production thous Ig tonsShipments from mines doImports doU.S. and foreign ores and ore agglomerates:

Receipts at iron and steel plants . doConsumption at iron and steel plants. .doExports, _ _ _ _- do

At mines doAt furnace vards doAt U S docks do

Manganese (mn. content), general imports^__do

Pig Iron and Iron ProductsPio-iron:

Production (excl. blast furnace production of fer-roalloys) „ thous. sh. tons..

Consumption doStocks (consumers' and suppliers'), end of mo.

thous. sh. tons..Prices:

Composite $ per Ig. ton_.Basic ('furnace) -doFoundry, No. 2, Northern do

Castings, gray iron:Orders, unfilled, for sale, end of mo.

thous. sh. tons..

For sale doCastings, malleable iron:

Orders, unfilled, for sale, end of mo.thous. sh. tons..

Eor 9^10 do

Steel, Crude, Semifinished, and FinishedBteel ingots and steel for castings:

Production thous. sh. tonsIndex 1957-59=100.-

Steel castings:Orders, unfilled, for sale, end of mo.

thous. sh. tons..Shipments, total do

Steel forging's (for sale) :Orders unfilled end of mo doi nip ^, ,

Steel products, net shipments :Total Call grades) _ _ d o _ _ .

Structural shapes (heavy), steel piling doPlates. doRails and accessories do

Bars and tool steel, total doBars" TTot rolled (incl light shapes) do

Reinforcing doCold finished do

Pipe and tubing do"Wire and wire products doTin mill products doSheets and strip (incl. electrical), total do

Sheets* Hot rolled . . d oCold rolled do

Steel mill products, inventories, end of mo.:fConsumers (manufacturers only)._mil. sh. tons...

Receipts during month doConsumption during month do

"Warehouses (service centers) doProducing mills:

In process (ingots semifinished etc ) doFinished (sheets, plates, bars, pipe, etc.) .do

Steel (carbon), finished, composite price_..$ per lb_.r Revised. v Preliminary. 1 Less than 500 to*Ne\v series. Monthly data back to 1953 are aval% Beginning Sept. 1963, imports statistics reflec

these data may not be strictly comparable with fi£

168 i42613

34299

42

5, 4943. 3872,1075,5138 814

28.1229.00

6, 0505. 8592, 786

8, 1218,041

49175, 73714. 65755, 2895, 787

79

5, 4775, 550

3,178

65. 4065. 5066.00

680963527

737242

8, 194101.2

18311993

30811386

5, 87923139552286

916597199112592259505

2,373646

1,126

10.34.44.43.4

7.26.9

. 0698

ns.lable.t adopt i(rures she

182530

6

4541955

6. 1083, 7152, 4536, 2187 977

26. 7827.00

6, 0636,1572, 791

8, 4588. 669

568r 74, 17615, 428' 53, 376

5, 372

84

5, 9936, 057

2,814

62. 8763.0063. 50

7831 . 064

591

817844

9, 105112.5

219125100

30611688

6. 296263443603

92

972631224110587262488

2,587735

1 , 209

10.04.84.73.4

7.47.1

.0705

)n of thewn for i

169589

46728 |94 1

6, 8584. 1682. 6906. 8677.731

26. 2025. 00

9,01910 5883. 725

13, 19910.028

94968, 95219, 00245,0164, 934

105

6, 9406. 990

2, C69

62.9563. 0063. 50

8191.146

646

7844

10,365129.8

201131105

29711887

7, 375316479652111

1,136743256129724302560

3. 094891

1,455

11. 25.94.93.4

7.57.4

. 0704

U.S. Tarior mor

195698

3

5991942

5.958 !3. 7322, 2275, 6818,011

25. 6925. 00

8. 93310. 704

4, 071

13, 0708. 7581,258

71, 53617,22649, 329

4, 981

70

5, 9895, 909

2,782

62. 9563. 0063. 50

8061, 003

578

826837

8, 654104.9

217105

86

3069674

6, 46023745163684

966584279

97699255533

2, 599708

1,213

11.94.94.23.4

7.37.2

.0704

in' Scheths.

178748

9

5471461

5, 5113. 4042. 1075 ,4258.097

26. 5625. 00

8. 86510, 5874.220

13.3757. 5481. 095

r 75, 69915 505

'55,1555. 039

108

5. 2785.' 270

2. 804

62. 7563. 0063. 50

805985608

826840

7 78''94.3

21611995

310105

78

5. 89520645657991

91053626997

631250541

2, 232582995

11.64.14.43.5

7.26.8

.0704

Jules;

i

162640

1

4711389

5, 4943. 3632. 1315 , 5738, 013

26. 8926. 00

8. 5739.7183. 369

12. 5357. 516

711r 79. 63814. 359' 60, 174

5. 105

135

5, 1745 ^'M

2.811

62. 7563. 0063. 50

8051.037

598

??42

7. 85898.4

21912197

29811591

5. 45521241758790

848490260

90569244405

2. 084571898

10.94.04.73.5

1 7.46.8

I . 0704

tEfre oakCensiRe vis

212552

8

54915

111

6. 1863. 6702,5166. 1978,002

26. 00

7.3189.1414, 064

12.3868.010

71581,1941 1 , 39164. 550

5, 253

67

5, 5255, 603

2, 813

62. 7563. 0063. 50

7581,194

673

788750

8, 483102.8

225135107

30612395

5. 927266464614

70

948580258103605263404

2.293655

1,019

10.04.55.43.5

7.36.7

.0714

Fective wulated ofis of Maions bac

207428

5

5161680

5, 8983, 5132, 3855, 9717, 962

27.02''5. 00

3. 8765. 9972.980

8, 9328. 033

4'}880, 030

9, 23765. 450

5. 343

88

5, 5655, 587

2, 827

62. 7563.0063. 50

6921,049

575

807842

8,488106. 3

255126101

31111184

5,617285498608

74

90958422097

468221352

2,272672

1,044

9.54.34.83.5

7.46.9

.0715

ith the Otimatesmfactun< to Oct.

230564

6

4022951

5, 8733, 5352, 3375, 9447 937

27. 2426. 00

3,5431, 8461.940

4,0528,458

34177, 32510, 93461,0445,347

46

5,8975, 949

2, 806

62. 7563.0063. 50

7191, 014

534

887942

8.753106. 1

9()9133107

31211488

5,54025242058892

85357916799

442192323

2.378685

1,149

9.34.64.83.5

7.87.2

.0715

ct. 1963 £based ons); previ1961 apr

226580

4

4819729

212557 :

3

4282636

28.9429. 00

4,0671 , 4061,693

2, 7109,113

25573, 14113,22454, 644

5, 273

71

6, 291

62.7563. 0063. 50

8061.068

546

918449

9. 515115.3

312145117

320139111

6,475281422614109

977080169120504221563

2, 786833

1, 316

9.45.25.13.4

7.87 9

. 071 5

URVEV,the. use

ousiy pueai in t h

28. 6329.00

4.0881.4461.667

3, 2258.867

21169, 93615, 86649, 002

5, 068

54

6,199

62. 7563.0063. 50

7591.095

564

918344

9.474122.8

333141114

32212193

6, 239311405613120

916621172114545226494

2, 608

1,211

9.44.84.83.5

8.0; 7.3: . 0715

data for sof quantblisherl (e Oct. 1<

235744

0)

4742321

28. 8531.00

4,1671,5982.017

3, 4919. 764

19565,81618, 38042, 7294.707

62

6,910

62. 7563. 0063. 50

8161.229

687

948848

10,485127. 1

345157129

^328138107

7. 124394468679141

1,095702262123665276545

2, 860878

1,320

9.45.35.33.4

8.07.6

.0715

teel consii;y coveilata wei63 S'-RV

218 256 !708 i 770

14 34

495 "4416 1729 i }8

30. 3632.00

5, 7314, 1502, 403

7, 3239,801

34764,48619,94740, 250

4,289

105

6,973

62. 7563.0063. 50

8371.264

699

939352

10, 549132. 1

331162132

334137107

7, 359333509737143

1,140722283126759299556

2,884843

1, 327

9.35.35.43.6

7.97.6

. 0715

umers (n•age factce basedEY.

' 30. 6233. 50

8, 9187, 8673, 451

13,43210,558

62168, 16420 99943, 124

4,041

53

7. 435

62. 7563.0063. 50

8591 . 227

678

929554

11,048133.9

324154126

331131101

7. 271344543699129

1, 145734281122721299553

2, 838834

1,311

9.2

:Hr 3 .6

'8.47.6

. 0715

lanufact>rs (demon cost

300679 !39

6043199

"31.90p 34. 50

j "^59

14.02910,019

719

47, 1344,012

110

7,076

62. 75P 63. 00p 63. 50

10,173127.4

7, 065385503679

1,113686295124752297544

2, 663750

1, 208

p 9.1P 5.2p 5. 3p 3.6

p 8.4p 7.7

1 . 0715

urers onl"ed fromcoverage

62. 75

p 10, 100P 122.4

""'0715"

y) reflectthe 195Sfactors .

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

August 11)04 SUEVEY OF CURRENT BUSINESS S 33

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 | 1963

Monthlyaverage

1963

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

1964

Jan . Feb. Mar. Apr. May June July

METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products

Fabricated structural steel:Orders new (net) thous. sb. tons..Shipments _- - ..do __Backlog, end of year or mo do

Barrels and drums, steel, heavy types (for sale):Orders, unfilled, end of mo thous..

Cans (tinplate), shipments (metal consumed),total for sale and own useO thous. sh. tons..

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tons__

Imports (general):M^tal and alloys crude doPlates, sheets, etc do

Exports, metal and alloys, crude do

Stocks, primary (at reduction plants), end of mo.thous. sh. tons..

Price, primary ingot, 09.5% min $ per lb__

Aluminum shipments:Tngot and mill products (net) A mil Ib

AT1 11 products total doPlate and sheet fexel foil) do

Castings do

Copper:Production:

Mine, recoverable copperf thous. sh. tons__Refinerv, primarv do

From domestic ores doFrom foreign ores do

Secondary, recovered as refined doImports (general):

Refined, unrefined, scrap©! doRefined - - do

Exports:Refined, scrap, brass and bronze ingots.. _do

Refined _ _ _ floConsumption, refined (by mills, etc.) do

Stocks refined, end of mo., total doFabricators' do

Price, bars, electrolytic (N.Y.) $ per lb_.

Copper-base mill and foundry products, shipments(quarterly avg. or total):

Copper mill (brass mill) products.. mil. l b _ _

Brass and bronze foundry products do

Lead:Production:

Mine, recoverable leadt thous. sh. tons..Secondary, recovered from scrap© do

Imports (general), ore®, metalf doConsumption total} - do

Stocks, end of year or mo.:Producers', ore, base bullion, and in process©

(ABMS) thous sh tonsRefiners' (primary), refined and antimonial

(lead content) thous. sh. tons_.Consumers'c?1 doScrap (lead-base, purchased), all smelters

thous. sh. tons..Price, common grade (N.Y.) $ per Ib

Tin:Imports (for consumption):

Ore© __ lg tonsBars, pigs, etc. do

Estimated recovery from scrap, total© doAs metal.. _ do

Consumption, pig, total doPrimary _ _ _ _ _ _ d o

Exports, incl. reexports (rnetaD, _ _ d oStocks, pig (Industrial), end of mo§ doPrice, pig, Straits (N.Y.). prompt $ per UK

ftnc:Mine production, recoverable zinct

thous. sh. tonsImports (general):

Ores©! doMetal (slab, blocks)! do

Consumption (recoverable zinc content):Qf-pt;0 (-|Q

Scrap, all tvpes _ do-__

302322

2, 624

1,4041,947

400

176.5i 33. 2

25.64.9

12.6

153.1. 2388

464. 3317.6142.677.2

102.4134.3101.233. 122.7

40.18.2

32.128.0

134. 2

177.5102.0. 3060

589409229

19.737.0

33.492.5

91.0

142.593.5

46.1.0963

4473,4221, 750

2506, 5904, 550

3621,7301. 1461

42. 1

39.011.8

8.216.7

336341

2,322

1.2731.922

381

192. 763.0

34.73.4

13.8

105.6. 2262

526. 7355. 2166.9

79.4

100. 8133. 0101.631.424.0

45. 19.9

30. 026.0

146.2

1 75. 496. 0

. 3060

616428239

'21.139.7

31.396.9

110.2

56. 9115.5

62.7. 1114

2113. 5961,861

6, 5254.601

13525,6101. 1664

'44.1

31.112.1

8.016.0

345360

2, 396

1,3541,863

403

192. 563. 0

47.42.8

12.6

83.3. 2250

526 .0359 .7172.2

78.5

92.9138.9102.436.524.4

4 6 . 29.6

32. 028.9

155.4

153.387.6

. 3060

669445239

22. 338.1

34.193. 4

90.6

101.095.7

45.9.1071

34,3841,895

2106, 9855, 035

41025, 5851.1772

42.5

34.87.7

8.915.8

302370

2, 458

1.3221 . 999

458

201.458.0

53. 94.1

16.0

85.7. 2250

526. 4362. 11 75. 165. 1

86.1135. 5101. 733.817. 7

41.311.0

27. 6

109! 2

197. 2119.2.3060

23.633.6

31.985.0

98.8

94.5101.8

52. 6.1107

03, 4511, 565

2206. 4254, 770

9724,1101.1534

40.5

33.911. 9

8.115.4

350411

2. 323

1,2742, 058

514

203.167. 0

40. 53.5

13.6

94.5. 2250

552. 9377.7179. 775. 5

96. 8134. 998.636. 323. 3

55. 117. 2

37. 533. 0

144.4

183. 8115. 1. 3060

24.539.8

24.892.7

97.0

85.3104. 3

54.8.1135

3394.0811,690

2156, 4704. 530

15123, 5901.1484

44.9

31.78.2

15.' 5

289371

2, 297

1,2811,956

459

197. 466.0

38.23.5

13.0

93.8. 2250

535. 6345. 8161.377.0

99. 1129.095.133.924. 9

70.813.3

29. 525.3

142.0

173.8103.0. 3060

578398234

22.240. 5

31.593. 5

105.3

80. 4109.4

57. 0. 1163

2592, 3271. 760

2356. 0304,145

26532, 0001.1011

41.5

27.019.4

8.21(5.1

32f>411

2, 260

1.2331.994

425

205. 171.0

34.54.0

13.2

96 9.2298

584. 6423. 7210.0

85. 0

109. 8138. 0103. 534. 525.8

51 . 712.2

29. 525.6

163.7

15-1.780. 1

. 3060

262324

2, 238

1,1071,702

299

201. 163.0

36.94.1

12.6

110. 7. 2300

489. 8324. 8144.4

79. 8

100. 3131. x103.728.123. 3

33.011.8

30. 026. 4

1 17. 5

150.375.9

. 3060

24. 747. 0

32.1108. 6

111.1

72.0108. 5

57.3. 1194

6973, 5461,925

2406, 7054, 455

17030, 9801. 1997

46. 9

26.911.0

22.643.7

38. 1101. 9

112.2

64.2111.5

55. 7. 1215

9893, 0801, 990

2905. 4903, 630

10230, 2451. 2704

45.1

29.815.2

440321

2, 322

1 .1191 . 003

288

209. 173.0

36. 13.9

11.9

99. 0. 2300

523. 7328. 0145. 0

79. 3

107. 0141.3106. 335.023.7

54.07.4

39. 733. 9

140.7

145.382.8

. 3060

fi'>3454249

22 637.4

33.1100.7

110.2

56. 9115. 5

62. 7. 1250

2653,1011, 765

2705, 9004.0H)

16529. 3041.3020

45. 1

33. 014. 7

16'. 6 16.1 15' 9

356310

2, 306

1, 1S4' 1,858

342

212.008.0

34.34.6

16.8

108.0. 2300

540. 336?. 3170.990.7

107.3140.4103.437.024.1

45.98.9

34.329. 5

150. 7

135.080.9

. 3060

24.839.9

32.4105.4

109.5

47.3111.2

67. 2. 1298

1.2493, 2271.770

1906, 5804,710

20727, 1851. 3402

48.8

23.611.4

16.4

247304

2. 270

1, 2021,812

293

200. 267.0

28.84.3

13.0

107. 8.2300

532. 7357.1170.184.2

107. 4147.1109. 837.322. 4

35. 411.3

31.420. 6

152. 0

140. 490. 9

. 3060

384355

2, 31 3

1, 3891, 955

340

214.272.0

30.54.1

15.9

too. o. 2343

047. 7433.8

387360

2, 270

1, 3792. 108

383

208. 369. 0

35. 24.9

20.0

93. 3. 2350

r 613. 7--417.4

225.3 i 193.988. 5

112.3145. 0109 635. 429.4

00.010.3

33.225. 4

102.2

140.788.8

.3112

( ) < ) ( )407959

22. 739^6

37.793. 7

117.4

45.2111.4

71.9. 1300

1. 7052. 3782,020

2600. 7504. 790

29725. 2451.4012

44.9

39 9

10.0

8.010.5

24.342. 6

31.292.1

111.5

45. 6118. 6

72.8. 1300

7383,1462. 025

•'557, 1655, 085

96421.8101. 3482

48. 6

28.510. 5

8.910. 9

T 90. 1

111.9144.9113.331.6?7 0

42. 110. 9

33. 028.2

p 163. 8

P 135. 9v 88. 2.3100

r 24. 042.3

26. 097.4

109. 2

40.6120. 3

70.8. 1300

2, 0402 2271/J85

2007. 2855. 190

1 , 07920. 1201.3351

46.5

27.69.7

7. 210. 9

308377

2. 201

1 , 3341 900

380

214. 663.0

35. 64.1

20.4

99.5. 2350

600. 5401. 7194. 385.9

r 115.41 47. 9111. 736. 227.0

50. 610. 7

33.425. 9

p 163. 9

p 132. 9r 86. 4.3160

23. 345.9

26.496.7

r 97. 7

30. 1117.7

67.4.1300

313

7, 2655. 235

34319, 6001. 3485

46.6

35.99.1

17.1

478412

2, 300

203. 7

36.84.6

17.2

87.0. 2383

113.8153. 4116.737.328. 5

48.011.4

33.4

" 181.8

' 125. 0'' 9 ). 2.3160

7305199f5()

24.1

32.1

. 1300

3012, 530

1. 5060

45.8

33. 58.9

. 23X3

.3160

. 1300

T5965~

r Revised. » Preliminary. l Recoverable aluminum content. Monthly data arc•xpressed in metallic content (incl. alloying constituents).

Q Reflects new factor to derive tonnage equivalent (23.5 base boxes per ton of steel).A Beginning Jan. 1963, net shipments of ingot derived by new method to include imports

lot previously included. {Revisions for 1962 are in the Sept. 1963 SURVEY.

©Basic metal content (for tin ore, through Aug. 1963; gross weight thereafter). fJScesimilar note, bottom p. 8-32.

cfConsumors' and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap. §EfTectivc Sept. 1962, includes surplus tin held by GSA (i.e., tin to be offeredfor sale and tin for which bids to purchase were rejected by GSA).

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

S-34 SURVEY OF CURRENT BUSINESS August 10CH

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 | 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

METALS AND MANUFACTURES— ContinuedNONFERROUS METALS AND PROD.— Con.Zinc— Continued

Slab zinc:Production (primary smelter), from domestic

and foreign ores thous sh tons^econuar ir i / » rjo

Exports doStocks, end of year or mo. :

Producers' at smelter (AZI^A do

Price, prime Western (St. Louis) $perlb._

HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, shipments:Cast iron mil sq ft radiation. _

Oil burners:shipments thous _

Stoves and ranges, domestic cooking:Shipments total (excl liquid-fuel types) __do

Gas^ _ __do

Stoves domestic heating shipments, total doGas do

Warm-air furnaces (forced-air and gravity air-flow),shipmentss total thous.

G^s do

MACHINERY AND APPARATUS

Fans, blowers, and unit heaters, qtrly. totals:TT ti -u 1 I ' lOvNiTh, r e . -

Foundry equipment (new) , new orders, netmo. avg. shipments, 1957-59 =100__

Furnaces (industrial) and ovens, etc., new orders

~Fl t ' ~ doFuel-fired fexc for hot rolling steel) do

Material handling equipment (industrial) :Orders (new) index seas adj 1957-59=100. .

Industrial trucks (electric), shipments:PTnrid (motori/ed) number

Industrial trucks and tractors (gasoline-powered),shipments number

Machine tools:Metal cutting tools:

Orders, new (net), total mil. $..Domestic do

Shipments total do

Estimated backlog- __months__

Metal forming tools:Orders new (net) total mil $

Shipments total do

Estimated backlog- _ . _ _ _ - _ _ _ months..

Other machinery and equip., qtrly. shipments:Construction machinery (selected tvpes),

total 9 _'__mil. $..Tractors, tracklaving, total do

Tractor shovel loaders (integral units only),

Tractors, wheel (excl. garden and contractors'

Farm machines and equipment (selected types),

ELECTRICAL EQUIPMENT

Household electrical appliances:

Refrigerators and home freezers, output1957 59 ~ 100

Vacuum cleaners sales billed thousWashers, sales (dom and export) doDriers (gas and electric), sales (domestic and

export) _ _ _ t h o u s _ .

Radio sets, production § doTelevision sets (incl. combination), prod.§_._doElectron tubes and semiconductors, factorv sales ©

' mil. $._Insulating materials, sales, Index 1947-49—100Motors and generators:

New orders index qtrly doNew orders'(gross) :

Polyphase induction motors, 1-200 hp mil $B.C. motors and generators, 1-200 hp do

73.34.9

86.03.0

144.780.0

.1162

1.0

39.849.9

166. 7163. 6

157. 094.1

108.987.1

217.7

M0.2U6.2

111.4

7.01.22.8

112.6

500471

2,232

44.8036.7047.8535.15

4.2

14.6011.6512.409.304.6

1 261. 4i 64.2i 19.7

158.9

1 130. 1

1 197. 7

2 540

139.6

119. 2309.3305.5

116. 4

1, 596. 8539. 3

75.9154

i 149

12.42.2

74.94.5

90.12.8

55. 192. 1

.1200

1 0q 9

48 842 2

1 76. 0173.1

161. 9101.5

117.895. 3

200 3

*41 0i 15 7

131. 9

8.21.13.4

128. 7

547581

2, 434

59. 5047. 5049. 9041. 10

5.2

18.1015. 9015. 3012.80

4.7

1 305. 9!78. 51 22 9

i 73 5

1150 9

1213.7

2, 653

155. 8

127. 9353. 9329. 1

133.0

1, 523. 5594.2

73.6148

i 151

12 A2.6

i

69. 64.4

91.14.4

105 .969.5.1150

.99 0

48.765 8

177.3173.9

158. 4103.4

113. 191.4

231. 2

43.716.7

135.1

7 91.51.4

98.2

550589

2, 750

57.1044.4053.5546.50

5.2

14.8013.1518.8517.45

3.9

378. 998.131 6

86 3

166 1

262. 6

1 903

160 8

145 1291.2358.6

91.0

31,653.93665.0

76.8153

155

13.33.0

69.04. 1

85.44.9

80.086.4

. 1202

9 1

41.965 1

155. 3152.6

180.8110 0

116. 494.6

183 5

127.6

5.31.01.6

140.8

579533

2, 307

57.9047.9044. 5538. 65

5.5

15.5513.9014.9512. 70

3.8

2 iqo

140 2

133 8297.1281.2

99.5

990 6384.3

59.5127

11.11.9

72.64.6

92.54.1

64.688.1

. 1250

1.011 6

58 563.8

185. 0181.3

254. 2171.4

140.2110.4184.9

160. 4

9.21.05.7

150.2

433511

2, 567

49. 2038. 5541.2033. 30

5.6

19.8518.1512. 6511.40

4.2

2. 604

156. 4

93 1326. 1379.7

173. 5

1, 252. 9565. 2

77.4142

12.83.3

72.55.4

90.62.0

55.490. 1

. 1250

1.412 4

75 751 8

198.9194. 9

239. 1146. 3

168. 8130.6179. 7

39. 914 6

122.3

9.6.7

2.7

128.1

563490

2. 661

56. 5545.4054. 7542. 85

5.4

22. 3517.6014.7012.10

4.6

309.280.227. 2

71 8

100 6

199. 7

3 186

165 8

149 0423. 0403. 7

200. 3

-2008. 2:i 779. 4

82.5154

154

13.72.9

78.16.0

99.32.4

53.988. 1

. 1250

1 413 9

72.449 5

207. 3902. 5

m 2170.4

170.4134. 5228 1

184.8

7.6.9

•1.6

135.7

602611

2,941

66. 8553. 35

42. 955 . 7

32. 3529. 951 6. 3513.00

5.4

3 673

167 9

127 8416.4367. 4

197. 1

1872. 7630.1

81. 5160

12.72 .5

79.35. 3

88. 51.9

50.287.0

. 1250

1.19 8

55. 943.9

173. 7170. 7

183. 6132. 0

132.4106. 5176.8

127.1

8.59

4.3

136.6

523598

2,738

59. 1049. 6552. 3541. 75

5.6

15. 9515. 2014. 0511. 30

5.6

3 174

159.4

129 0382.6336. 9

180. 3

1, 799. 8621. 4

71.7144

12.12.1

83.84.8

88. 51. 3

55. 192. 1

.1294

1.08 0

32. 842.2

162.2160.2

120.581.6

97.681.6

191.2

42. 018 2

129.6

6.11.03.0

156.2

590630

2,830

77.4064.1569.0056. 30

5.6

21. 2019. 8014. 3012.50

5.8

284.778.618.3

73 6

159 0

150.9

3 622

174 4

128 6349.7273. 5

153. 2

41,772.04690.0

73. 0151

154

13.32.3

76.04.8

91.7.4

48.292.1

. 1 300

.98.1

42.344.1

158. 1156. 0

91.054.3

95.879.2

248.3

235. 8

5.8.8

2.4

146.5

491484

2,543

80.1560. 6050. 3539. 85

6.2

48.8047.4015.0012. 40

7.6

3 146

144 4

131 3324. 7302. 5

142.8

1, 413. 3731.1

52.1154

12.42.6

76.84.9

86.92.4

43.692.5

. 1 300

.98.2

41.744.2

167. 7165. 7

70.838.7

95.979.4

237.1

251.8

9.71.05.7

153. 3

515609

2,518

74.5060.4551. 2539.10

6.3

20. 3018. 8519. 1516. 15

7. 7

1 653

165 8

150 3365.0330.0

135.8

1,367.9751.5

52.6146

13.53.4

86.05.2

95.21.7

46.093. 9

. 1300

1.17. 4

40.247.9

200.0197.4

112.977.5

99.382.9

244.9

43 213 1

272. 9

10.51.36.8

170.8

548578

2.862

77.7061.4063.8048.45

6.4

24.1019 3516.9015. 40

8.0

343. 679.627 3

86 2

189 1

] 394

194 1

150 8490 5372 0

121.1

31 f]39 i3 877. 9

56.9167

159

14.92.8

83.74.7

100.02.6

43.5'89.4. 1332

.87.0

36.649.8

195.4193.5

89.653.4

99.784.3

242.6

7.41.23.8

158.1

581510

3,032

91. 5579. 5564. 8552. 35

6.7

45.8043.3019.8018.25

8.9

237.8

2 72.9

1 602

157 4

151 5383.8299. 2

90.2

1,337.4712.7

52.4163

14.42.8

84.85 3

98 33.6

38.085.9

. 1 350

8 1

38 554 5

173.1171 1

105. 766 0

96.180 4

198 9

244.1

7.41.03.7

127.4

581523

2, 961

r 85. 00-70.10" 70. 75r 57. 50

r 6 . 6

r 32. 55* 30. 35M8.20M6.50

^ 9 . 3

2 40. 4

2 59 5

r \ 591

153 4

150 9337 8300 8

71.6

1 410 7584.2

51.4

15 23.6

2.7

30.4 j

.1400

_ _ .

221.4

1.23.2

653636

3,109

101.0583. 8574. 3562. 65

6.6

59. 9055. 7021.25

, 19. 9510.6

1 816

163 7

163 0335 2345 8

90.531 770 93 835. 5

53.9

25 7

.135(1

» 1078.1p 520. 9

r Revised. i Quarterly average. 2 For month shown. 3 Data cover 5 weeks;other months, 4 weeks. 4 Data cover 6 weeks. 9 Includes data not shown separately.

AProducers' stocks, elsewhere, end of July 1964, 22,900 tons.*Ncw series. Shipments (from The Institute of Boiler and Radiator Manufacturers)

represent the following approximate percentages of total industry shipments: Convectors,90 to 95%; radiators and baseboards, 80 to 85%.

cfIncludes data for built-in gas fired oven-broiler units; shipments of cooking tops, notincluded in figures above, totaled 29,100 units in May 1964.

tAs reported by the Industrial Heating Equip. Assoc. for member companies, includinorders (not shown separately) for indust. ovens, atmosphere generating and combustio:equip., and miscel. items. Monthly data back to 1958 are available. ©Revisions fo1962 appear in the June 1964 SURVEY.

{Revisions for 1962-63 appear on p. S-34 of the Apr. 1964 SURVEY,§ Radio production comprises table, portable battery, auto, and clock models; beginniri

Jan. 1964, television sets include figures for color sets. ® See similar note, p. S-35.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1964 SUEVEY OF CURRENT BUSINESS S-35

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 | 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous. sh. tons..Exports . doPrices:

Retail, stove, composite $ per sh. ton__Wholesale, chestnut, f.o.b. mine do

Bituminous:Production thous. sh. tons__

Industrial consumption and retail deliveries,total 9 thous. sh. tons.,

Electric power utilities doMfg and mining industries, total do

Coke plants (oven and beehive). do. _.

Retail deliveries to other consumers do

Stocks, industrial and retail dealers', end ofmonth, total 9 thous. sh. tons..

Electric power utilities doMTg and mining industries total do

Oven-coke plants- - do

Retail dealers do

Exports doPrices:

Retail, composite $ per sh. ton--Wholesale:

Screenings, Indust. use, f.o.b. mine doDomestic, large sizes, f.o.b. mine do

COKEProduction:

Beehive thous. sh. tons__Oven (byproduct) doPetroleum coke§ do

Stocks, end of month:Oven-coke plants, total do

At furnnce plants doAt merchant plants do

Petroleum coke doExports do

PETROLEUM AND PRODUCTS

Crude petroleum :Oil wells completed numberPrice nt wells (Okla.-Kansas) $ per h n l _ _Runs to stills _ mil bblRefinery operating ratio % of capacitv.

All oils, supply, demand, and stocks: tNew supply, total . mil. bbl

Production:Crude petroleum doNatural-gas liquids, benzol, etc do

Imports:Crude petroleum _ doRefined products do.._

Change in stocks, all oils (decrease, — ) do

Demand, total doExports:

Crude petroleum doRefined products do

Domestic demand, total 9 doGasoline-. doKerosene do

Distillate fuel oil doResidual fuel oil doJet fuel. do

Lubricants do

Liquefied gases do

Stocks, end of month, total doCrude petroleum doNatural-gas liquids doRefined products do

Refined petroleum products :JGasoline (incl. aviation):

Production doExports doStocks, end of month do

Prices (excl. aviation)Wholesale, ref. (Okla., group 3) $ per gal..Retail (regular grade, excl. taxes), 55 cities

(1st of following mo.) $ per gal..

1,40815G

28.6313.050

35,178

32,31415, 90314,0066,188

2, 349

67, 96046,66520, 845

9,044

449

3,201

17.30

i 4. 918* 7. 443

684,2581,312

3,8992,7961,1031.053

33

1,7812.97

255.884

317.4

223.031.1

34.329.11.0

316.4

.15.0

311. 3132.113.7

61.045.59.4

3.69. 5

21.3

820 6248 135.2

537 3

131.9.5

188.6

.113

.204

r 1 , 522279

29.39r 13.361

37,667

34, 10617 49014 6686,474

1 962

65, 69246 13919 1037,373

450

3 923

17.46

2 4. 74827.014

814 4491 344

' 2, 998T 2 298

7001 200

38

3 1, 6912.93

264. 287

327. 6

229.433.4

34.430.4

.1

327. 5

.16.2

321.24 136. 2

4 14. 4

462.3445.1

9.7

3.6

419.54 831 1

246 933.8

4 550 4

4135.7.6

4 192. 8

.109

.201

1,455286

28. 6212. 565

38,862

31,40116,19114,4266,948

703

67,63846, 79920 3818,202

458

4,110

17.04

4. 7536.633

964 7341 390

'2,607r 1, 947

r 660i r?9

63

1,5422.93

263.688

312 9

296 931.9

31 922 319.7

293 2

15 4

287. 6140 7

9 8

39 735 08 7

3.813.814 8

833 49 ̂ o n35. 4

547 Q

136 8

192.6

.125

.208

' 1.124212

28. 8412. 775

27,629

31, 61517 05313, 64P6, 545

841

63,31844, 62518 1996, 386

494

3, 685

17.13

4.7576.813

844 4671 407

2,6181,952

6661, 157

44

1,8602. 93

272.788

333.7

235 133.3

38 227.019.3

314 4

25.9

308.3150.010 9

40.336 210 8

3.716.517.0

852 7250 038.8

563 9

141 55

184.7

.115

.208

r 1.606420

29.0412. 985

41, 650

32, 47017, 64913.5836,112

1 153

67, 00246, 91219, 5556,919

535

5, 325

17.13

4. 7526.886

804 9001,385

2,7302,089

6411, 152

39

1,8092.93

273. 588

333. 1

236 834.0

36.725.512.3

320 8

.26.4

314.3151 112 4

43 036. 111 8

4.016. 217.2

864 9249 141.4

574 5

144 05

178. 3

.108

.208

' 1.574407

29.7913. 510

39,710

31.59616 56613 4056. 039

1, 536

69, 38849, 13819 712

7, 290

538

5, 266

17. 46

4.7527. 061

794 1571 350

2.8012,185

6161 171

33

1, 7252.93

260 287

316 8

995 232.8

34 923 911.0

305 8

17 0

298. 7134 013 3

50 535 610 2

3.414.616 1

875 9948 343.1

584 6

l'^5 7

181.3

.115

. 200

r 1, 822345

30.0013. 510

44,195

33,81417 59314 6126,370

1 511

72, 70851,722°0 4°3

7,912

563

5, 029

17.69

4.7457.231

834 3911.367

2, 8882,304

5841, 195

1,6332.92

266.986

331.8

233 634.1

31 432.711.7

320 1

26.0

313.8142.012 5

49.541 810 9

4.314.217.6

887 6245 5

43^8598 3

138 28

178.3

.110

. 197

r 1.615319

30.5414.420

38,228

34,38817,78314,6156,241

1 905

73, 38352, 38320, 3918,054

609

4.500

17.73

4.7487.257

784 9891 355

2,8992, 379

5901,381

41

1,4802. 92

26l'o87

322 5

926 334.3

34 227.62.9

319 6

16.5

313.0132.915 4

61.543.89 1

3.36.9

20.9

890 5244 442.1

604 0

135 67

181. 3

.090

.201

* 1,535309

30.9514.420

38,491

40,19990 72716 3296 570

3 118

70, 08349 31420 2708, 014

499

3 536

17.83

4.7487. 257

824 5401 457

2,8812 394

4861 297

19

1, 7682 92

269 387

336 7932 835. 6

30 338 0

-54.9

391 6

26 3

385.1134 721 9

102 260 48 8

2.94.1

29 5

835 6907 A

33.7Kf\A C

144 1q

190.9

.105

. 204

1,527248

31. 3514. 490

40, 430

39, 76820 38916 4116 789

2 968

66, 53646 42219 6597,780

455

3 152

17.89

4.7267.276

824 6fii1 440

2,8312 380

4511 284

19

1, 5672.92

273 388

363 1

238 136.4

3Q 649 0

-22.8

385 8

16 7

379. 0130 521 2

96 166 4

Q 7

4.03.3

27 8

D-l 0 0

28.4

142 4Q

203.2

.105

.196

1.311149

31. 4014.490

34, 790

36, 75518 73215, 5256, 540

2 496

64, 4HO44, 96119 1217,900

348

3 065

17.89

4.7317.221

784 4851 343

2, 6722 253

4181 313

23

1,6282.92

256 889

326 0924 534.1

32 235 2

-9.9

335 9

I4 8

331.0121 817 7

81 553 48 4

3.43.3

22 2

o/m' i

27.4

133 04

215. 1

. 100

.199

1, 15586

31.4014. 490

36, 790

36, 43918 46516 0977,014

1 872

63, 04143, 71 719 0708,299

954

3 028

17.89

4.7317.026

874 8911 457

2.X72 141

4961 329

27

1 5642.92

269 987

345 7

240 636.' 0

36 932 26.4

339 4

9

6 0333. 1135 515 2

73 449 79 5

3.84.3

19 9

OAQ 9

29.9

140 18

220.4

.100

.199

1,42784

31.4013.195

r 37, 490

33, 05416 6661.5, 3027,044

1 030

65, 04345 04519 7438,411

255

3, 523

17. 76

4.8076.524

874 8551 366

2,4212 008

4131 359

25

1 5662.92

9 58 4r 84

335 4

93Q 1

34.0

33 i35 28.8

396 6

16 4

320. 1140 6I9 6

59 648 210 3

4.47.1

16 9

34.1

133 94

214.7

.095

.195

1,665151

30.6913.195

'38,270

'32,70216 757

r!5 324r 7, 537

r 518

'68,61947 886

r2() 420r 8, 841

313

4 551

17. 31

»• 4. 832' 6. 482

'90r 5 1Q9

1 409

r 2, 3371 909

r 499

1 37983

i 5572. 92

267 684

334 3

235 834.4

36 028 224.7

309 7

25 7

303. 8144 911 1

46 837 510 4

3.611.915 8

38.9

210.9

. 105

.196

r 1 , 789171

30. 30v 13. 195

40, 21 5

33,21117 99714 5647 346

569

70, 69749 33191 ()()9ft' 372

357

1 617

17.23

P 4. 832p 6 511

78o 036

2, 2831 864

419

40

P 2. 92

p. 103

.207

1,127

30, 350

" Revised. v Preliminary.1 Monthly average based on Apr.-Deo. data.2 Data beginning Jan. 1963 not entirely comparable with those for earlier periods3 Beginning Jan. 1963, data exclude condensate wells formerly included* See note 1 for p. S-36.

9 Includes data not shown separately.§ Includes nonmarketable catalyst coke.t Re vised data for months of 1962 appear on p. 28 of the June 1964 SURVEY.

NOTE FOR ELECTRON TUBES, p, S-34—© Beginning Jan. 1964, excludes salesof receiving tubes; 1963 sales of such tubes averaged $22,800,000 per month.

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

S-36 SUEVEY OF CURRENT BUSINESS August 19(54

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products — ContinuedAviation gasoline:

Production _ _ m i l . bbl_Fxports ^°

Kerosene:

Stocks end of month -doPrice, wholesale, bulk lots (N.Y. Harbor)

$ per gal -Distillate fuel oil:

Production mil. bbl _Imports - - do __Fxports - -doStocks end of month do_ _ .Price, wholesale (N.Y. Harbor, No. 2 fuel)

$ per ga l_-Residual fuel oil:

Production mil. bblImports - --do __Fxports -_ _ - -- - -doStock^ end of month - doPrice wholesale (Okla No 6) $ per bbl

Jet fuel' (military grade only) :Production mil. bblStocks end of month - do

Lubricants:Production - - do_Fxporfs -do _ _ .Stocks end of month doPrice, 'wholesale, bright stock (midcontinent,

f o b Tulsa) - $ per gaL-Asphalt:

Production _ _ _ . - mil. bbl..Stocks end of month do - ..

Liquefied petroleum gases:Production - -doTransfers from gasoline plantr doStocks (at plants, terminals, underground, and

at refineries) end of mo .mil. bbl .

Asphalt and tar products, shipments:!\snhalt roofin0" total thous. squares

Roll roofin^ and cap sheet f^vShingles all types - (lo

\sphalt sjdin^ floInsulated sidincr doSaturated felts -thous. sh . tons -

10.2.4

10.5

13.130.6

.104

60.01.0

7133. 4

.092

24.622.01.1

46.61.58

8.68.7

5.11.5

12.8

.261

9.116.3

6.414.9

33.6

5, 3671. 9133. 4.r»4

67

82

10.4.4

10.7

1 13 8131.7

.102

163.8.8

1.21 135. 8

099

i 23.122.91.3

148.61.57

8.39.4

5.31.5

13.7

.270

9.316.7

i 4.714.9

i 30. 2

5, 3722. 0093. 303

667082

10 9.5

11 6

11 732.3

.101

60 1.7

1.0r>3 4

0919i 815.31.0

48. 11 55

9 o10 2

5 31.3

13 4

270

12 11Q 8

4.910.6

31.9

6, 3092. 1674,142

588189

11 03

10 4

I9 935.2

101

62 4

1.0145 9

.091

21 718.11.1

50.91 55

9 110 2

5 61.8

13 4

.270

12. 916.8

5.012.7

35. 5

7, OS49, 7464. 938

7893

109

11 2.3

9 5

1? 536.2

101

F,3 3.6

1.11 65. 2

091

?1.816.9

1.45° 51 55

8 99. 6

5.41 5

13.4

°70

13. 214. 5

4 .912. «

38.5

6, 9542 6024. 352

7810095

9 5.5

9 6

12 236.0

.096

63.2

1.4177 2

.086

21.515.7

1. 752. 61.55

8.59.3

5.41.6

13.8

.270

12.412.8

4.412. 1

41.2

6.4192 4503, 969

819383

10 0.5

9 3

14 939.1

096

63 9.9

1. 1191 4

0869i o23.2

1.054.41 55

7 88.6

5.41.5

13.4

.270

11.310.4

4.213.5

41.8

7 1142. 7644, 35D

10210298

9 85

8 8

14 839. 1

099

62 91.01. 3

192 6

089

22 520. 7

1. 852.21 55

8 38.9

5.31.4

14.0

. 270

8. 211.9

4 o16.5

39.4

4 6041.8102. 794

855674

10 86

9 4

16 234.1

104

65 8.8.4

156 7

094

25 031.61.3

47. 51 55

7 88.5

5.01.8

14.3

. 270

6.214.4

5.023 3

30.3

3 1031 2141 88S

5°3760

10 04

9 7

17 330.9

104

67 51.61 2

128 5

094

25 839 7

1.645 41 80

7 88 5

5 21 2

H 3

. 270

4.415 8

5 0

24.3

3 1341 9131 920

433167

10 02

10 8

14 728.5

104

62 81.1.4

110 5

094

22 729.2

1.043.31 65

7 09.0

4.81.4

14.3

.270

5.618.1

4.717.1

22.9

4 5211 6102,911

603688

10 66

10 3

14 328.5

099

61 7.9.6

99 2

.089

22 324.71.7

39.11.50

9 19.9

5.21.4

14.4

.270

7.321.3

5.215.0

M 4

4 7051,7772 928

484478

10 22

10 3

12 529.1

096

57 6.8.3

97 8

086

21 9

98 02.0

38 51 35

8 99 9

5 32 0

13 3

9 70

8.022 3

4 819 3

99 4

5 7192 04°3 677

50

10. 5.4

9.9

11 730. 5

. 094

60.8. 7.3

112.2

084

20. 819.81.4

40.51 35

9. 59.3

5.41.3

13.8

270

11.222 0

5.211 5

34.9

r 6 991r2 389

4 532

r 49

8°

p. 093

p. OS3

P 1.35

v 270

7 5%0 M55 010

55

95

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts thous. cords (128 cu. f t . ) --Consumption doStocks, end of month do

Waste paper:Consumption thous. sh. tonsStocks end of month _ _ _ _ _ d o _

WOODPULPProduction:

Total, all grades thous. sh. tons_.Pissolving and special alpha _ do .R til fate - - -doSulfite -- - do

Ground wood do _Defibrated or exploded ._ ._ _ _ d o __Soda, semichem., screenings, etc do

Stocks, end of month:Total, all mills do

Pulp mills -- _. _ ...do . _Paper and board mills do _ -Nonpaper mills - do

Exnorts, all grades, total. . - doDissolving and special alpha _ _ d o . _ _All other do

Imports, all crades, total. do _ .Dissolving and special alpha _ _ _ doAll other do

PAPER AND PAPER PRODUCTS

Paper and board:Production (Bu. of the Census):

All grades, total, seas, adj thous. sh. tons.-All grades, total, unadjusted do

Pa;>er _ _ do ___Panerboard _ _-do.Wet-machine board, __ doConstruction paper and board do

3. 0683, 6735, 225

756498

2, 326106

1,358214

283104261

878297509

72

994059

23223

210

3,1371, 3821,458

14284

3. 8163, 8475,124

729501

2,453114

1,458224

2892 1172 251

3 713263

3 37278

1184475

23199

210

3, 2501, 4361,507

11296

3,5743,8604, 652

742509

2,397122

1,424210

276113251

721279364

79

1083771

25624

231

3,2731,4081,544

13309

3, 6563 5554,819

663529

2,308108

1,361209

274111245

72125638085

1203980

22921

208

3,0141 31 9

1,3879

306

4, 3704 1505, 180

769

515

2, 576121

1, 549229995120262

721959378

90

1304889

249''1

991

3,4561,5081, 605

11333

3,9453,7545,118

737494

2, 390106

1.416211

280124253

706?43381

82

1985573

22016

9Q4

3, 2001 3871, 496

11306

4 3354 1025, 353

797506

2. 631124

1 555°42

310125274

707246384

4176

9582']

3.5141 54()1 690

12343

3 8'M3 9755.116

710-465

2,593r'Q1 551' 930

308r}49617319 64394

73

1063868

199( )(5

3,3141 4811 529

11293

3 4953 6264,' 976

668514

2, 28397

1 357929

280106215

717235408

1424993

23692

214

2. 9731 3751 334

10254

4 0304 0554, 936

741490

2, 605138

1 5282'-H

327124257

739266396

78

1324'i89

235

91H

3, 3951 5351 563

11286

4 1753' 9064,981

748477

2. 530125

1 509924

304127241

74 596639980

1°04978

99421

203

3, 2761 4481 533

11284

4 1574 1964,987

799470

2,667127

1 608949

320129241

759271403

84

1395583

9 t>593

949

3. 4771 5151 639

12318

3 8434' 1194, 690

891476

2. 706106

1 634946

330199260

747965387

94

1 304692

2289 6

202

3, 5531 5471 662

11333

3 9^24' 2134^428

80340«

2,821199

1 729241

335131256

771986394

90

143r. r.

ou

9 2 518

208

3, 5111 5181 648

11333

19740

93°33

T Revised. v Preliminary. 1 Beginning Jan. 1963, data for the indicated items excludecertain oils which have been reclassified as petrochemical feedstocks.

2 Effective Jan. 1963, "screenings, etc." included with "defibrated or exploded."3 Effective Jan. 1963, excludes stocks of "own pulp" at paper and board mills.

± Re vised monthly data for 1962 for petroleum products appear on p. 28 of the June 1964S T R V E Y ; revisions for 1962 and for 1963 (also shown above) for asphalt and tar products appearon p. 32 of the Apr. 1964 S F R V E Y .

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

August 10C4 SURVEY OF CURRENT BUSINESS S-37

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

Tune July Aug. Sept. Oct. Nov. Dec.

1964

Jan. Feb. Mar. Apr. May June July

PULP, PAPER, AND PAPER PRODUCTS—Continued

PAPER AND PAPER PRODUCTS— Con.

Paper and hoard— ContinuedNe\v orders (American Paper and Pulp Assoc.):

A l l Grades, paper and hoard thous. sh. tons-_Wbolesale price indexes:

Print ing paper 1957-59 = 100.Book y) a per A gra.de doPaperboard 9 do

Selected types of paper ( APP A) : tFine paper:

Orders new thous sh tonsOrders unfilled end of month do

Production doShipments do

Printing paper:Orders new doOrders unfilled end of month do

Production doShipments do

Coarse paper:Orders new doOrders unfilled, end of month _ do __

Production _ _ _ doShipments do

Newsprint:Canada:

Production doShipp'ents from mills doStocks at mills end of month do

United States:Production doShipments from, mills doStocks at mills, end of month do __

Consumption by puhlishersc? doStocks at and in transit to puhlishers, end of

month cf thous sh tons

Fin ports doPrice, rolls, contract, f.o.b. mill, freight allowed

or delivered $ per sh ton

Paporboard (National Paperhoard Assoc.): §Orders, new (weekly avg.) thous. sh. t o n s _ _Orders, unf i l l ed , end of month ... _ _ d o __Production total (weekly avg ) do

Percent of activity ('based on 6.5-day week)Paper products:

Shipping containers, corrugated and solid fiber,shipments© mil. SQ- ft. surf. area--

Folding paper boxes, shipments, index of physicalvolume - 1947-49=100,

3, 131

101.4107.693.197 2

16688

170168

412370

409409

346154

350343

f,58557249

17918039

465

586

456

134. 40

1 340461

i 34385

10, 182

124.1

3,268

101.4107.494.796.2

17499

177174

454394

445445

355164

353350

553552268

18518437

465

588

451

134.40

i 357518

"All

10,711

126. 1

3, 265

101.4107.494.197.5

17092

178175

454424

445445

334151

328327

539565278

18117740

483

561

448

134. 40

36747237089

10,508

123. 9

3,170

101.4107.494. 197.5

164103

159160

432396

412412

323153

311311

551575255

17318331

421

615

497

134.40

326572319

78

10, 13r>

120. 3

3, 424

101.4107.494.197. 5

179102

185187

457395

471471

369167

372363

586576265

191178

44

4«

632

455

134.40

385574381

91

11,903

135.5

3,308

101.4107.494.197.6

171103

177170

472410

439439

366182

340356

551580235

16417236

490

606

455

134. 40

36361135586

10,848

129.6

3,523

101.4107.496.696.9

192108

190190

484394

478478

383185

373366

630638227

19419337

5^9

588

522

134. 40

385622387

92

12,482

141.7

3,193

101.4107.496.695.1

173100

180179

443378

457456

364180

377370

613611229

19018938

524

559

463

134. 40

357545373

90

10,649

119. 8

2,913

101.4107.496.595.2

15790

169153

414375

426425

329154

339341

535578186

18018434

545

536

134. 40

316494325

75

9, 870

130.8

3,458

101.4107.496. 595.2

18585

187183

499383

481481

370160

370369

564533217

19818943

455

569

444

134.40

363537349

88

10, 833

124.4

3, 298

101. 4107.496. 595.0

18493

183187

449368

446446

360167

362354

549491275

17418632

452

572

409

134. 40

387538386

91

10,460

114.3

r 3, 499

101.4109.096. 593.7

-184-83

r 191-188

497-397

467467

r372-161

-369-373

566540301

19019329

518

550

473

134.40

381532384

92

11,039

123.1

3 554

101. 4109. 996. 593.5

-197-92

-196r 192

-483-391

- 475-475

r 365

-145

-373-372

625664261

19219724

528

541

475

134. 40

387519386

90

1 1 , 520

126.9

101.4109.996. 5

- 94. 4

19992

196197

480396

472472

359143

370364

610594277

20119232

550

511

470

134. 40

39956539190

11,399

*>119 9

101.4109. 996. 594.4

610652240

19419234

496

529

513

"134. 40

39558739090

11, 284

36162435181

11,198

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption thous. Ig. tons..Stocks, end of month doImports, inch latex and guayule doPrice, wholesale, smoked sheets (N.Y.)~-$ perlh..

Synthetic rubber:Production thous. Ig. tonsConsumption _ _ _ _ _ _ _ _ d oStocks, end of month doExports do

Reclaimed rubber:Production doConsumption _ - do_ _Stocks, end of month _ . do_

TIRES AND TUBES

Pneumatic casings:Production thous

Shipments, total doOriginal equipment doReplacement equipment doExport do

Stocks, end of month __ doExports (Bu . of Census) do

[nner tubes:Production doShipments doStocks, end of month doExports (Bu. of Census) do

38. 5668. 4735. 13v . 285

131.2010 1.66257. 1525. 31

23. 3821.9529. 77

11, 156

11,0553, 4957, 430

130

27. 08689

3, 4033, 4428, 913

81

38.1072.7031. 63p. 263

134.04108.90281 . 0523. 60

23. 4521. 9730.30

11. 594

11, 5513, 9197, 503

129

29, 97882

3, 3053, 3989, 462

76

36. 2877.7625. 57

.270

132.99103.54281.7220. 04

22 7921.4329. 65

-11, 186

-11,924- 4. 084-7,710

-130

-31,32778

3.183- 2. 926

- 10, 45762 j

32. 9275. 1925. 72. 265

130.7892.34

296. 7624. 00

21.1217.9232. 12

10. 182

12. 6813, 5079. 044

131

28. 83097

3, 0213, 6509,818

90

35. 5573. 0031. 6«

. 253

127.30100.42296. 2127.27

20. 1119. 2731.22

9,368

9, 5581. 6067,819

132

28, 65281

2,7923, 0329. 576

61

36.3168. 8826. 24

. 230

124.59105.70292 2021.33

22.4221.6531.35

10, 540

11,2323. 5627. 552

117

27, 88978

2,8603, 1159,180

82

42. 5964. 3030. 5X

. 255

129.86127.89975 28

22. 5 1

26. 0025.0630.88

13,469

14,0215, 1638,700

158

27, 46986

3,4083, 5069, 155

85

35. 2961.3227. 09

. 258

134.81109. 2<>275. 2822. 90

21.2520. 6529.78

1 1, 502

10, 7464, 3066, 263

117

28, 27282

2, 8272, 9589,088

77

35. 7560. 5828.61. 240

141.05107.54283. 0124.86

22. 1720. 1531.19

11.496

10,4914.4705, 888

134

29. 40773

3. 1382, 7999,529

75

39. 5962.4438.78

. 235

143 59120 74279. 51

24. 00

25.1122. 9931. 47

12, 681

12, 6404,3378,194

110

29, 544

77

3,9145, 4158,201

55

36. 6664.3426. 30

23 6

140. IS111 1 9

283. 2028. 80

21.7520. 7530. 51

11,835

10, 4064, 0676, 209

130

31, 09085

3, 6733, 6138,424

72

39. 8064.9741. 75

. 256

140. 27116.69285. 88

27. 05

21. 032? 5930. 37

12, 503

1 1, 9964,4027,478

116

31,65878

3, 8373, 3819,020

51

40. 6864. 7428. 79

. 259

146.22121.8598f 1 927 8"

24. 5024. 2030. 42

13, 331

14, 1174, 8549,1 HO

133

31,09192

3, 9563, 3929,587

78

39. 3669. 0844. 07

. 254

150.31IIS. 4<)293. 17

24. 66

23. 9693 1029. 76

13,214

13,5764, 5428, 907

126

31,011lot;

3, 5913,117

10, 17264

41.3767. 1431.24

. 251

1 16. 941_>3. 71•'93 02

24.98

22'. 3030. 92

14, 041

14, 5174,6529. 718

146

30, 644105

3, 6993,475

10, 47173

"""."246

"I

- Revised. * Preliminary. 1 Weekly average for year. sumption in 1962 and 74 percent in 1963 and 1964.9 Revisions lor 1961 are available upon request. § Revised to reflect weekly averages for new orders and production, and percent activityt Monthly averages for 1962 for new orders, production, and shipments reflect revisions on basis of 6.5 days per week; comparable data prior to 1962 will be shown later. ©Revision^

;o adjusted annual totals; revisions by months not available. by months for 1962-Feb. 1963 will be shown later.rf As renorte.d bv rmhlishers accounting for nhont 74 R ne.rcent of t.nt.al np.\vsnrint. orm-

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

S-38 SURVEY OF CURRENT BUSINESS August li>64

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 19G3edition of BUSINESS STATISTICS

1962 1963

Monthlyaverage

1963

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

1964

Jan. Feb. Mar. Apr. May June July

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production, finished cement thous. bb l__Porpont of capacity

Shipments finished cement thous. bb1_Stocks, end of month:

Finished -- doClinker do

CLAY CONSTRUCTION PRODUCTS

Shipments:"Rrick, unglazed (common and face)

mil. standard brick..Structural tile except facing thous. sh. tons..Sewer pipe and fittings vitrified doFacing tile (hollow), glazed and un glazed

mil brick equivalent.Floor and wall tile and accessories, glared and un-

pla/ed mil. sq. f t _ .Price index, brick (common), f.o.b. plant or N.Y.

dock 1957-59 = 100..

GLASS AND GLASS PRODUCTS

Flat glass,mfrs.' shipments (qtrly. average or total)thous $

^heet (window) glas^ shipments doPlate and other flat glass, shipments do...

ninss containers:Production thous. gross-

Shipments, domestic, total - . doGeneral -use food:

Wide-mouth food (incl. packers' tumblers,jelly glasses, and fruit jars) thous. gross..

Peverasre doPeer bottles doLiquor and wine do

Medicinal and toilet ._ ._ _ do._.Chemieal household and industrial doDairy products do

Stocks, end of month _ _ do .

GYPSUM AND PRODUCTS

Crude gypsum, qtrly. avg. or total:Imports thous sh tons

Calcined production qtrlv nvg or total do

Gypsum products sold or used, qtrly. avg. or total:Tin calcined uses thous sh tonsIndustrial uses doBuilding uses:

Plnsters:P>flc:p-P0at C]Q

\11 other (incl Keene's cement) do

I /at l i mil sq ftNVallboard doAll other§ do

28,02775

27, 893

36, 72024,160

576. 135. 2

142. 8

33.6

21.1

104. 9

71,49731,61239, 885

14, 655

14,319

1.582

4,110

1, 1872. 1831,269

3, 066786134

22, 921

1 , 3552 4(;2

2, 205

1,01267

256257

396 21, 657. 9

58.9

29, 44174

29, 354

38, 02923, 072

617.132.0

145. 6

29.7

92 2

106. 1

78, 27435, 37042, 904

15, 166

14, 730

1,602

4, 100

1,3502, 4531,295

3. 061742127

25, 533

1, 372r 2 561

2, 295

' 1, 03570

259250

1, 777. 462.0

34, 99289

35, 431

40. 32227. 332

691.836.3

171.5

32.7

23. 5

106. 4

75. 50132, 97642, 525

16, 214

15, 866

1,396

4,031

2, 1413.2151,319

2. 867789108

26, 086

r 2 750

2, 403

r 1, 25072

283260

401.31,832.2

68. 8

36, 80291

39,145

38, 05723, 884

747 .439.7

176. 1

32. 4

23. 3

106, 4

16.202

15,601

1,863

4. 048

1,9693. 2641.060

2. 5886861°3

26. 401

37, 45293

40.257

35, 20919, 774

745. 335.6

186. 9

33.1

24.5

106. 4

17,095

17,741

2, 290

5, 275

1.4302. 9831,338

3,431Sl'>182

26. 006

34, 68288

36, 547

33, 23617, 400

684.330. 9

171.1

29.7

22. 8

105. 8

80. 85738. 76642, 091

14,P03

14. 805

2 765

4,124

8581 . 9711.337

2. 933679138

25, 151

1.5669 qf)9

2, 518

1,26370

•?84°89

437. 01,994 8

69. 0

36. 62490

41,352

28, 48513, 631

34.1186. 4

35.7

25.3

105. 8

15,677

15. 497

1 838

4, 633

9212, 1571. 643

3. 401765139

25. 564

30. 37777

26, 317

32, 49113. 820

620.426. 2

135. 1

90 9

21.5

105. 9

14.271

13, 283

1, 186

3,847

9592. 1011.323

3, 095648124

26 315

23. 99359

16. 958

39, 55616, 793

431. 123. 494.8

25. 8

19.1

106. 1

89 29X41 31447. 984

12, 712

13. 382

1 204

3. 848

1 , 3822 9^61, 226

2. 704584148

25. 540

1. 3752 425

2 226

94769

232240

365 61 730 1

60 9

18,93146

17 425

41 04721. 741

424. 127.193 4

22 8

21.0

106. 1

14. 424

13, 714

1 331

4, 181

8452. 0541,286

3. 263639115

26 067

19. 72951

17,597

43, 18025. 610

446. 525.1

101.3

21 9

20. 6

107. 1

14, 704

13, 397

1 °94

4,034

9872.1371, 293

2, 956602

94

25, 893

24. 69761

22 722

45,15229, 242

590. 829.6

137. 5

26.4

24. 6

107. 1

r 78. 21132, 610

r 45, 601

15,877

15,377

1 508

4,134

1,4222, 6831, 413

3, 364751102

26, 136

1,3972 377

2 209

82273

237217

365. 71 721 1

51.6

29, 49375

29,178

45, 46230, 667

r679 331.7

151.8

27 8

r 25. 5

107.3

16, 391

16. 514

1 64?

3,911

1,7003, 5421,392

3, 490699138

25, 633

34,41784

35 511

44 36829, 580

739 832 6

166 4

9'^ 9

23 9

107.3

16, 776

15, 283

1 367

4.040

•> 105

1. 379

•' 89059090

26. 948

36, 18592

38 750

41 86027, 184

107.1

80, 64435 '^7245, 372

17, 652

16, 967

1 455

4, 355

2 3953. 5431. 425

3, 089637104

27, 294

1, 2809 733

2, 437

1,20075

''691 954

' 391 81 905 7

73 8

TEXTILE PRODUCTS

WOVEN FABRICS

\Voven fabrics (gray goods), weaving mills: 0Cloth woven, total... _ _ mil. linear yd.

Cotton doStocks., end of year or mo., totaled _ _ _ d o

Cotton cf - loOrders (unfilled), end of year or mo., total V lo

Cotton 1 . _.. lo

COTTON

Cotton (exclusive of linters) :Production:

GinningsA thous .running balesCrop estimate equivalent 500-lb. bales

thous. balesConsumption O _ _ _ _ .. doStocks in the United States, end of mo., total O

thous. bales _Domestic cotton, total O do

On farms and in transit doPublic storage and compresses O doConsuming establishments .. do_._

Foreign cotton, total O do

975.5760 2

1,488.01,192.52, 472. 31,848.9

214,864

214,867726

14, 69614, 5933,3719,5641,658

103

981. 9756 9

1, 509. 31, 176. 72, 491. 51, 800. 8

215, 283

215 327700

17, 74117,6133,492

12, 7621, 359

128

929. 4710 0

1. 518. 01, 165. 02.311.01,672.1

662

11,89311,794

28310,1831.328

99

i 923. 21 71 0 7

11,491.5U,133.612,436.3U,760.3

245

i 685

11,21611,123

2809,6471,196

93

934. 479() 9

1,506.11,158 52. 506 41, 798. 8

' 1,326

667

24. 53124, 39513, 532

9,8071,056

136

939.8719 1

1, 505. 01,104. 02, 546. 11, 848. 8

r 4, 786

663

24, 04623, 89911,23011,688

981147

1 1,179.71 915 3

i l , 475.711,149.912,827.9'2,023.4

'10,055

i 829

23, 36023, 2076,948

15, 2091,050

153

957. 0736 3

1,494.51 168 02. 968. 92. 127. 1

r 12, 820

678

22, 29622, 1464,391

16, 5101,245

149

887. 1684 2

1. 564. 01 235 62, 892. 82, 084. 8

3 14, 070

605

21, 17021,019

2, 35417, 2601,405

151

i 893 8

il 157 1

ii.882~.5~

415, 117

i 814

19, 51219. 3731,218

16, 5571.598

139

741 3

1 131 4

1, 797. 4

683

18,40718, 2771,066

15, 5391,672

130

733 0

1,116 5

I~682~2~

673

16, 95716, 839

45914, 6641,716

118

i ggg 51 1,081 4

i~l.~555~8

1831

15,70015, 594

41113, 5821,601

106

799 i

1 087 1

i,"624.~8

687

14, 68314, 588

38712, 7501,451

95

683

13, 71213, 632

42711,9331 272

80

If5 14 li

T Revised. l Data cover 5 weeks; other months, 4 weeks. 2 Total crop for year.3 Ginnings to Dec. 13. 4 Ginnings to Jan. 16. 5 Aug. 1 estimate of 1964 crop.§ Comprises sheathing, formboard, and laminated board.©Effective Jan. 1964, the manmade fabrics classifications were revised and the survey

expanded to include drapery fabrics; silk and chiefly silk mixtures were omitted from thecanvass. Because of apparent reporting problems in the synthetics, data for total fabrics arebeing withheld; May 1964 figures for wool apparel fabrics (mil. yd.): Woven, 22.6; stocks,34.0.

cf Stocks are those owned by weaving mills and those billed and held for others, excejthat stacks exclude denims stocks billed and held for others, and all bedsheeting stocks.

^Excludes orders for wool apparel fabrics and bedsheeting ATotal ginnings to end <month indicated, except as noted. ©Revisions for Aug.-Dec. 1962 are available; for stoclmonthly averages also reflect cotton released by GSA from the cotton stockpile (beginninJuly 1962).

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

August 1!)G4 SURVEY OF CUERENT BUSINESS S-39

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

19G2 1963

Monthlyaverage

1963

June July Aug. Sept.

TEXTILE PRODUCTS

Oct. Nov. Dec.

1964

Jan. Feb. Mar. Apr. May June July

— Continued

COTTON—Continued

Cotton (exclusive of linters)—ContinuedExports thous.bales-Trn ports doPrices (farm), American upland cents per lh_Prices, middling 1", avg., 15 markets do.._

Cotton Hnters:Consumption© thous. bales.Production! do—Stocks, end of mof do

COTTON MANUFACTURESSpindle activity (cotton system spindles):

Active spindles, last working day, total__thous .Consuming 100 percent cotton d o _ _ _

Spindle hours operated, all fibers, total mil.Average per working day d o _ _ _

Consuming 100 percent cotton d o . _ _Cotton yarn, natural stock, on cones or tubes:

Prices, f.o.b. mill:20/2, carded, weaving $ per Ib.36/2, combed, knitting d o _ _ .

Cotton cloth:Cotton broad woven goods over 12" In width:

Product ion, ntrly. avg. or totalt mi l . l in .yd-Orders, un f i l l ed , end of rno., as compared with

aver, weekly production No. weeks' prod-Inventories, end of mo., as compared with avg.

weekly production No. weeks' prod_.Ratio of stocks to unfilled orders (at cotton

mills), end of mo., seasonally adjusted --Exports thous. sq. yd.Imports doMill margins cents per ! b _ .Prices, wholesale:

Denim, mill finished cents per ydPrint cloth, 39 inch, 68 x 72 doSheeting, class H, 40-Inch, 48 x 44-48 d o _ . _

MANMADE FIBERS AND MANUFACTURESFiber production, qtrly. avg, or total© mil. l b _ _

Filament yarn (rayon and acetate) doStaple, incl. tow (rayon) doYoncellulosie (nylon, acrylic, protein, etc.)-doTextile glass fiber do

Exports:Yarns and monofilarnents thous. lb_Staple, tow, and tops do...

Imports:Yarns and monofilarnents doStaple, tow, and tops d o _ ~ _ _

Stocks, producers', end of mo.:Filament yarn (rayon and acetate) mil. l b _ -StapJe. incl. tow (rnyon) doNoneellulosic fiberO do_Textile glass fiber IlllldoIIII

Prices, rayon (viscose):Yarn, filament. 150 denier A $ per IbStaple, 1.5 denier A do

Manmade fiber broadwoven fabrics:Production, qtrly. avg. or total 9 t--.mil. lin. yd

Rayon and acetate (excl. tire fabric) doNylon and chiefly nylon mixtures do_Polyester and chiefly polyester blends._ _~do"~"

Exports, piece goods thous. sq. yd_

SILKImports, raw thous. IbPrice, raw, AA A, 20-22 denier 0 $perlb..Production, fabric, qtrly. avg. or total J

thous. lin. yd..

WOOLWool consumption, mill (clean basis):J

Apparel class mil Ib.Carpet class V.._db..I"

Wool imports, clean yield do_Duty-free (carpetclass)* do ._I~

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Oracled territory, fine $ per lb_.Graded fleece, % blood ~ _ - _ d o _ _ I . .

Australian, 64s, 70s, good topmaking do

WOOL MANUFACTURES

Knitt ing yarn, worsted, 2/20s-50s/56s, Bradfordsystem, wholesale price 1957-59=JOO__

Woolen and worsted woven goods, exc. felts:Production, qtrly. avg. or total J thous. lin. yd.

Apparel fabrics, total doWomen's and children's do

Suiting, price (wholesale), flannel, men's andboys, f.o.b. mill 1957-59=100-

r Revised. * Preliminary. 1 Season average. 2 Season average to Feb. 1, 1964.3 Data cover 5 weeks; other months, 4 weeks. 4 For month shown. 5 Qrtly. average.

9 Includes data not shown separately. © Revisions for 1962 are available.t Production and stocks of linters at oil mills revised to approximate running bales; data

back to Aug. 1958 are available.©Beginning Feb. 1963, price in skeins, AAA grade; comparable Jan. 1963 price, $7.67 per

pound. J Revisions for 1st half of 1962 are available upon request.AEffective Jan. 1964, data not strictly comparable with earlier prices.

32112

131.7i 33. 5

109134628

18,79716,7549,911458

8, 801

.660

.938

2.312

10.8

5.4

.51

34, 69138, 671

25. 24

39, 615.417.0

597. 3181.5125. ()243.247.6

9, 1774,281

8095,463

53. 248.4

5 79.85 27 0

.82

.26

682.8397. 075.9147.8

11,633

5396. 03

5, 951

23.4

23.111.8

1.2471. 0901.155

100.6

77, 46575,31045, 423

94.9

36311

P231. 9* 2 33. 1

111129667

18, 62715,8269, 863456

8, 359

.644

.912

2, 195

10. 6

5.5

.52

30, 94238, 223

25. 20

38. 115. 917.0

659. 2177.4144.8289. 048.0

s, KM;4. 187

6.y,o10,463

56. 835. 5

5113.3

.82

754. 2428. 573.7188. 2

12. 972

532

4, 497

20. 9

23.814.0

1.3261. 1751. 285

105. 4

71,63068, 86443, 372

95.8

2445

32.533.9

11546615

18,6091 5, 7679, 280464

7,833

.640

.911

? 942

9.6

5.4

.56

26, 91832, 832

24. 25

38.315.717.0

640. 7174. 2141.2277.447.9

10.8583, 170

51210 , 294

29^494.928 0

.82

.27

757. 5430. 472 1187.8

13, 676

4927. 70

4, 349

21.4

20. 111.2

1 . 3001.1401. 275

105. 4

78, 16675, 24646,837 !

95.8 ;

1833

31.833.4

3 9936550

18,6381 5, 6923 9, 81 9

3933 8, 162

.640

.911

12.6

6.4

.52

33, 82739. 150

24. 71

38.315.717.0

7,9804,715

72312. 262

58. 532'. 1

.82

.28

10, 492

4276. 80

321.1

29.622.0

1. 3251.1751. 275

104.6

95.8

27479

32.033.2

11463482

18, 68115. 7579. 344467

7,870

.640

.911

10.1

5. 3

.49

27. 54335, 263

25. 27

38. 215. 916. 9

8.1974,679

81310, 063

58. 532. 1

.82

.28

13, 689

5916. 93

20. 0

22. 216.6

1. 3251. 1751. 275

104. 6

95.8 i

3614

32.733.1

106147497

18. 69615,7589, 345467

7, 903

. 645

.911

2 07°

10.5

5.3

.48

27, 54331, 448

25. 80

37.716.016.9

676. 8176.6146.0305. 748.5

8, 3304, 003

83710. 155

57. 333. 9119. 6

.82

. 28

725. 0415.371.8177. 6

13, 439

5366. 48

4, 205

18.213. 616.010.4

1. 3251.1911. 275

104.6

67. 58365, 54445 451

95.8

38424

32.933.1

* 131205566

18, 74215,753

311,78S472

3 9, 903

.645

.911

11. 5

5.1

.41

30, 76433. 606

26. 23

37.716.316.9

8, 0085, 556

88413, 089

53.138.5

.82

.28

13, 684

7676. 16

3 20. 7

20.614.7

1. 3251. 2051.275

104.6

95.8

5015

32.533.1

100201651

18. 66015. 6539, 538477

8.000

. 650

.920

12.3

5.0

.39

31,68122. 672

26. 73

37.717.017.1

8, 6626, 080

48712, 913

50.435.7

.82

.28

13. 283

8066. 42

16.1

13.76.9

1. 3251. 2263.275

107.1

95.8

6281

31.333. 2

99169699

18, 62515.6568, 563428

7. 220

. 655

. 923

r •) •)] ̂

12 8

.42

33, 38935, 266

26 92

37717.017.8

705 8189 3152. 6313.450 5

9, 1604, 309

51015, 462

47.037 9135. 929. 7

.82

.28

795 5454 774 9

2:)(). 314, 693

7926 25

4 540

16.710.625.914.8

1.4251. 2551. 455

107. 9

63, 78361, 02739, 547

95.8

5871

30.133.2

3 129184760

18. 59115, 596

3 11, 579463

3 9, 74 2

. 655

. 923

11.0

5.1

. 47

33, 70449, 685

26.87

37.717. 017.8

7,4422, 499

52915,367

44.740 3

.78

.28

1 4, 06 1

5(15s. 07

3 22. 7'••> 13. 621.611.8

1.4251.2551.455

107. 9

95. 8

5703

29.433. 3

111165783

18,54315,5219,494475

7,978

. 655

. 923

10.1

4.9

.51

•29. 74423. 996

2 >. 85

37. 717.017.5

6, 6915, 544

43712, 357

43. 641 9

.78

.28

13, 788

940V ^ Pitt

19.010. 621.611.5

1.4501. 2551.455

107. 9

95.8

490

30.733.4

108147797

18, 49215, 4409, 294465

7, 798

. 655

.918

2 231

9.7

4.9

38, 63831, 987

26. 87

38.017.017.7

728 1189 6162.2322 453 9

8 8993, 938

51817,415

41.04s 3137.429. 0

. 78

.28

17,318

677

17.89.417.88.9

1.4501 . 2551. 455

107. 9

68, 14566,15942, 075

95.8

4006

31.733.4

3 132119

IS, 4S415, 3S1

3 1 1 , 503460

3 9, 609

.636

. 913

9.1

5.0

. 57

38, 495

26. 37

37. 716. 517.8

4 (]9 (J

4 52. 7

8, 4983, 664

56312, 287

37. 9£9 t.

. 78

. 28

16, 628

595;> 5 G'-'

321.3311.1

18.59.8

1.4151. 2551.439

107.9

95.8

3814

32. 133. 4

10989726

18, 44215,2929, 481474

7, 892

.631r. 895

9 4

5 1

. 56

25. 95

37.715. 817.8

4 59 ft4 44. 0

9, 0053, 1 99

59211, 578

36. 1

7Sv . 28

16, 612

519

19.27.518.511.5

1.3751.2891. 375

107.9

95.8

3872

32.433. 3

11862649

18,3761 5. 2089 422' 471

7, 836

".631p. 897

25. 11

P 37. 0P 15. 7P 16. 7

4 (54 5M4.8

10.1775, 013

88210,453

34. 960 9

" 78". 28

15, S80

498

19.88.613.86.6

L.3751.3001.375

107. 5

95. 8

32.532. 6

25. 35

1 . 3351. 3001. 375

*New series. Data cover wools, not finer than 46s, and camel hair, duty-free, for use inthe manufacture of rugs, carpets and certain specified items. Prior to the Feb. 1964 SURVEY,imports of apparel class wool were shown; however, the calculated difference between totalwool imports and the former apparel class is not comparable with the present carpet class,since the former "apparel" class included certain coarse wools (finer than 40s but not finerthan 46s) duty-free effective July 1958, for use in carpets, etc. Monthly data for 1959-62 areavailable.

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

S-40 SUEVEY OF CUERENT BUSINESS August li»('!4

Unless otherwise stated, statistics through 1962and descriptive notes are shown in the 1963edition of BUSINESS STATISTICS

1962 | 1963

Monthlyaverage

1963

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

19fi4

•Tan. Feb. Mar. Apr. May June July

TEXTILE PRODUCTS— Continued

APPARELHosier v, shipments thous. doz. pairs. _Mori's apparel, cuttings: t

Tailored garments:Suits - - thous. units _.Overcoats and topcoats do

Coats (separate) dress and sport doTrousers (separate) dress and sport do-

Shirts (woven fabrics), dress and sport, thous. dozWork clothing:

Dunsrarees and waistband overalls doghirts -- - do

Women's, misses', juniors' outerwear, cuttings: tCoats thous. units, .Dresses doSuits .-do. _

Blouses, waists, and shirts thous. doz._Skirts do

14,343

1,685401

943q 5272, 061

281303

2,00220, 880

806

1,370656

15.007

1,799329

1,0549. 1202.071

366313

2.04621,914

828

1,363825

14,722

1,666473

9929, 5951,929

325340

2, 16120, 721

734

1, 180874

14,361

1,131314

7308, 8761, 548

372283

2,48819, 340

813

1,263935

17, 159

1,838489

1,02410,2142. 201

425335

2,73921. 061

813

1,3711.005

15, 194

1,589343

8828. 8431.918

410311

2, 44018,874

636

1,263804

17, 584

2.011316

1,2189,4802. 276

475341

2, 52922.353

858

1, 640978

14,331

1,787231

1,0228, 3832. 100

373307

2,00118, 933

796

1,351090

13, 399

1,677158

9677. 3841,853

325219

1.72715,915

770

1.041607

16,350

1,934189

1,1699,5602,138

402336

2, 24721, 920

1 . 259

1,408741

15,411

1.771209

1,0309. 5872. 101

424325

2. 44524. 866

1 . 362

1. 500776

15, 423

1,664225

1,0219. 6982. 020

433319

1. 58828. 149

868

1.442758

14, 763

1. 929309

1,17310, 6722.118

444339

1,03229, 943

584

1,471825

13. 892

1.724362

1,11610.847

•2. 098

409306

1. 54125,521

i 619

1.250843

16, 544

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES

Orders new (net) Qtrly avg or total mil. $__U S Oovernment do

Prime contract doSales (net), receipts or billings, qtrly. avg. or total

mil $U.S. Government do

Backlog of orders end of year or qtr. 9 doU S Oovernment do

Aircraft (complete") and parts doEnsine^ (aircraft) ind parts doMissiles, spnce vehicle systems, engines, pro-

pulsion units and wr^s mil $Other related operations (conversions, modifiea-

\ircraft (civilian)' Shipments © _ doAirframe weight ®_thous. l b _ _Exports mil $

MOTOR VEHICLES

Factory sales, total thousT)omestic do

Passenger cars, total doDomestic do ..

Trucks and buses total doDomestic _ - - do_

Exports, total number. _Passenger cars (new and used) doTrucks and buses do

Imports (cars, trucks, buses), totalo* doPassenger cars (new and used) of do

Shipments, truck trailers: AComplete trailers and chassis do

Vans doTrailers and chassis (detachable), sold separately

number _ _Registrations:©

New passenger cars thous._Foreign cars do

NTew commercial cars (trucks) __ . do_ __

RAILROAD EQUIPMENT

Freight cars (ARCT):Shipments number

Equipment manufacturers, total doRailroad shops, domestic do

New orders doEquipment manufacturers, total doRailroad shops, domestic -do

Unfilled orders end of year or mo doEquipment manufacturers, total doRailroad shops, domestic - do

Passenger cars: Shipments _doUnfilled orders, end of mo do

Freight cars, class 1 (A AR): §Number owned, end of year or mo thous_

Held for repairs °/c of total owned

3, 7412, 9963, 330

3, 9933, 138

13, 13810 572

5, 0451,527

4,056

1,480

81.81,68227.3

681.1654. 6577. 8562. 8103. 391.9

20, 10011,2468, 855

33, 08032, 063

6, 0813,733

537

578. 228.389. 1

3,0461,9621, 085

3, 0761,9791,097

14,3156,7887,527

174

1.5528.0

4,4143,5194,018

4. 1023, 301

13,91910,9535, 3011 510

4, 661

1 , 295

57 21.340

90. 3

758.4730.0636. 5620.3I9 1.9109. 7

22, 92812] 85110,070

36. 53435. 308

6 4653 885

445

629.732. 1

103.7

3.7472,6081,140

r 5, 143T 3, 665r 1 , 478

22,18312, 6459. 538

16198

1.5156 8

4,0203, 2093, 656

3, 9913, 207

13,49810, 9945, 4381,406

4 293

1, 292

57.41.250

7.0

804. 1778. 1687. 5672. 9116.6105. 2

23, 66714,1519, 516

31,04929,814

6, 4073 792

341

691. (i35. 9

102.8

3,7012, 6851.016

2, 3491 . 908

441

21,95913.2338 726

9204

1,5307.6

47. 11,023

9.3

790. 0763. 7660. 9649. 4129.1114.2

17, 5876, 837

10. 750

39 8343S, 693

6. 1533. 514

505

706. 034.5

111.3

4, 0173, 0161,001

4. 3542. 0832,271

21, 92512.2799, 646

26178

1, 5317.9

48.71,09718.5

251. 4240. 3167. 8165. 183. 675.2

13, 2413. 5199,722

21,97821,240

6. 5413. 879

552. 931. 5

105. 0

4. 1412, 9071, 234

3,0202, 986

34

20, 74912,3038, 446

43250

1 . 528

5. 1944 0034, 680

4,1703, 418

14, 5221 1 . 579

5, 3451,484

5, 151

1 365

58.41.19913.2

598. 8566. 1481.8463.0117.0103. 1

17,1428. 2948.848

32,35031.019

6 4043 736

285

403.633.793. 5

4, 3272,9841,343

2.3191,921

398

18 38811. 188

7. 900

42220

1 . 527

63.31,380

11.6

945. 7906. 2804. 0779. 2141.7127.0

27, 97014, 99812, 972

38, v;3536. 834

7.4344 556

365

714.732.2

117.1

4, 7253. 3661,359

r 8, 066T 3, 637' 4, 429

l>2 1961 1 . 62610,570

35202

1, 5217 i

52 81,30620.9

873 3836. 874 S. 5726. 2I'M. 7110.6

42, 05629. 06612, 990

39. 08638. 504

6 5904 311

427

640. 226.4

100.4

3 9112, 925

986

8 2730, 6731,600

9p, on1 5, 42511 186

94178

1,519" 0

3, 6562 7583, 263

4 2573, 398

13,91910 95:-!5, 3011 510

4 6P1

1 295

88. 12, 04515. 4

881. 8846. 4754. 0733. 0127. 8113.5

34,60724, 7999. 808

40, 95240.037

6 5034 139

459

712.035.8

114.6

4 449

3.0871,355

10,3827, 8682, 514

39 31120.161I9 150

14317

1 . 51 56 8

84 61,81541.8

859. 6831 5726. 2709.0133. 5I99 5

33, 82920. 27413, 555

45, 58844, 330

6 1353 80°

342

612. 035.4

102.7

5,2533,2991 , 954

r 10,5523. 441

r 7, 111

37 83620, 29117 545

5352

1.5136 5

66. 51, 567

17 9

814. 1784 8681. 1665. 4133. 1119.4

27. 601)13.99513,611

38. 42638, 243

5 9103' 609

289

551.829.890. 9

5 4673, 6741.793

3, 7013. 172

529

36 08019, 78916 991

5387

1. 5076 3

4 8993 8634,443

4 0983,144

14 7201 1 6725 8791 383

4 894

1 403

96 72,011

25. 0

860 5829 3718.0700 9142 5128 4

23, 85711,93211,925

47, 23846, 868

7 1844 246

'"636. 935. 8

108 3

6 7804, 3362 444

7, 6965, 4642 232

36 9"20, 96015 962

5382

1 . 5056 3

114 69 99-~33. 4

939 9909 ;•;786. 4770 2153 5139 1

22, 40712.0311 0. 376

46. 10445.950

8 1414 745

607

812.345.0

1 32. 5

6 59<»3,5312 998

1 2, 799r 2, 499

300

34 0^019,93014 760

377

1.5036 9

99 31.997°4 0

r 875 7r 845 1

735. 0719. 5

r 140 7* I9 5. 6

27, 76913, 16ft14,603

41,21140. 808

7 9014' 5fi9

023

780.641.3

124 3

6 9313. 9470 984

r 7. 183' 5, 134r 2 049

33 41021.0841° 396

6371

1 . 5026 1

96 02. 091

19 8

893 2869 6740. 6790 7159 5136 0

34, 68118,9861 5. 695

47.01546. 481

8 1854 614

627

754. 342.5

199 4

6 7*94,1909 509

4, 5943,5541 040

30 63120, 38310 948

15356

1 , 5016 0

1 710 61 586. 7

1 123 9

r Revised. l Preliminary estimate of production.t Monthly revisions for Jan. 1961-Oct. 1962 are available upon request.9 Total includes backlog for nonrelated products and services and basic research.^i>ata include military-type planes shipped to foreign governments.cfData cover complete units, chassis, and bodies.

AKfTective with the Apr . 19.14 S T R V K Y , shipments have been subs t i t u t ed for production.Shipments of trailer chassis only and dump trailer chassis, sold separately, are now includedwith the complete trailers and chassis (except detachable). Data back to 1901 are available.

©Courtesy of R. L. Polk & Co.; republieation prohibited.§ Excludes railroad-owned private refrigerator cars and private line cars.

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

INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40

SECTIONS

General:Business indicators 1-7Commodity prices 7, 8Construction and real estate 9, 10Domestic trade 10-12

Employment and population 12-16Finance 16-21Foreign trade of the United States 21-23Transportation and communications 23, 24

Industry:

Chemicals and allied products 25Electric power and gas 26Food and kindred products; tobacco 26-30Leather and products 30, 31

Lumber and products 31Metals and manufactures 3 2-34Petroleum, coal, and products 35, 36Pulp, paper, and paper products . 36, 37

Rubber and rubber productsStone, clay,, and glass productsTextile productsTransportation equipment _

3738

38-4040

INDIVIDUAL SERIESAdvertising 10, 11,16Aerospace vehicles.._ 40Agricultural loans 16Air carrier operations 23Aircraft and parts 3, 13-15, 40Alcohol, denatured arid ethyl 25Alcoholic beverages 8, 10, 26Aluminum 23, 33Appare! 1, 3, 4, 7, 8, 10-15, 40Asphalt arid tar products 35, 36Automobiles, e t c___ 1, 3-6, 8, 10, 11, 13-15, 19, 22, 40

Balance of international payments 2Banking 16, 17Barley 27Barrels and drums 33Battery shipments 34Beef and veal 28Beverages 4, 8, 10, 26Blast furnaces, steel works, etc 13-15Bonds, outstanding, issued, prices, sales,

yields 18-20Brass and bronze 33Brick 38Broker's balances 20Building and construction materials. 8,10, 31, 36, 38Building costs 9, 19Building permits 9Business incorporations (new), failures 7Business population 2Business sales and inventories 4, 5Butter 27

Cans (tinplate) 33Carloadings 24Cattle and calves 28Cement and concrete products 8-10, 38Cereal and bakery products 8Chain-store sales, firms with 4 or more and 11

or more stores 12Cheese 27Chemicals 4-6, 8, 13-15, 19, 22, 25Cigarettes and cigars 8,30Civilian employees, Federal 14Clay products 8,38Coal 4, 8, 13-15, 22, 24, 35Cocoa 23, 29Coffee 23,29Coke 24, 35Communications 2, 13-15, 20, 24Confectionery, sales 29Construction:

Contracts 9Costs 9, 10Employment, hours, earnings, wages 13-16Highways and roads 9, 10Housing starts 9New construction put in place 1, 2, 9

Consumer credit 17, 18Consumer expenditures 1, 2Consumer goods output, index 3, 4Consumer price index 7Copper 23, 33Corn 27Cost of living (see Consumer price index) 7Cotton, raw and manufactures 7r S, 22, 38, 39Cottonseed cake and meal and oil 30Credit, short - and intermediate-term 17, 18Crops 3, 7, 27, 28, 30, 38Crude oil and natural gas _ 4, 13-15, 35Currency in circulation 19

Dairy products 3, 7, 27Debits, bank 16Debt, U.S. Government 18Department stores 11, 12, 17Deposits, bank 16, 17, 19Disputes, industrial 16Distilled spirits 26Dividend payments, rates, and yields 1, 3, 18-21Drug stores, sales 11,12

Earnings, weekly and hourly 14-16Eating and drinking places 11, 12Eggs and poul t ry___ 3, 7, 29Klectric power 4, 8, 26Electrical machinery and equipment 3,

5,6, 13-15, 19,22,34Employment estimates 12-14Employment Service activities 16Expenditures, U.S. Government 18Explosives 25Exports (see also individual commodities) 1,

2,21-23Express operations 23

Failures, industrial and commercial 7Fans and blowers 34Farm income, marketings, and prices 1, 3, 7Farm wages 16Fats and oils 8, 22, 29, 30Federal Government finance 18Federal Reserve banks, condition of 16Federal Reserve member banks 17Fertilizers 8, 25Fire losses 10Fish oils and fish 29Flooring, hardwood 31Flour, wheat 28Food products.— 4-8, 10, 11, 13-15, 19, 22, 23, 27-30Foreclosuress real estate 10Foreign trade (see also individual commod.) 21-23Foundry equipment 34Freight carloadings 24Freight cars (equipment) 4, 40Fruits and vegetables 7, 8, 22Fuel oil 35, 36Fuels 4, 8, 35, 36Furnaces 34Furniture 3, 4, 8, 11-15, 17Furs 23

Gas, output, prices, sales .revenues 4, 8, 26Gasoline, 1,35,36Glass and products 38Glycerin 25Gold 19Grains and products 7, 8, 22, 24, 27, 28Grocery stores 11, 12Gross national product 1, 2Gross private domestic investment 1, 2Gypsum and products 8, 38

Hardware stores 11Heating equipment 8,34Hides and skins 8, 30Highways and roads 9, 10Hogs 28Home Loan banks, outstanding advances 10Home mortgages 10Hosiery 40Hotels 14, 15, 24Hours of work per week 14Housefurnishings 1, 4, 7, 8, 10-12Household appliances and radios 4, 8, 11, 34Housing starts and permits 9

Imports (see also individual commodities). 1, 2,22, 23Income, personal 2, 3Income and employment tax receipts 18Industrial production indexes:

By industry 3, 4By market grouping 3, 4

Installment credit 12,17, 18Installment sales, department stores 12Instruments and related products 3, 13-15Insulating materials 34Insurance, life 18, 19Interest and money rates 17Inventories, manufacturers' and trade 4-6, 11,12Inventory-sales ratios 5Iron and steel._ 3, 5, 6, 8, 10, 13-15,19, 22, 23, 32, 33

Labor advertising index, disputes, turnover 16Labor force 12Lamb and mutton 28Lard 28Lead 33Leather arid products 3, 8, 13-15, 30, 31Life insurance 18, 19Linseed oil _ _ 30Livestock 3, 7, 8, 24, 28Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 10, 16, 17, 20Lubricants 35, 36Lumber and products 3, 8, 10-15, 19, 31

Machine tools 34Machinery 3, 5,6,8, 13-15, 19,22,34Mail order houses, sales 11Manrnade fibers and manufactures 8, 39Manufacturers' sales (or shipments), invento-

ries, orders 4-6Manufacturing employment, production work-

era, payrolls, hours, earnings 13-15Manufacturing production indexes 3, 4Margarine 29Meat animals and meats 3, 7, 8, 22, 28Medical and personal care 7Metals 3-6,8, 13-15,19,22,23,32-34Milk 27Mining and minerals 2-4, 8, 13-15, 19, 20Monetary statistics 19Money supply 19Mortgage applications, loans, rates 10, 16, 17Motor carriers 23, 24Motor vehicles 1, 3-6, 8, 10, 11, 13-15, 19, 22, 40Motors and generators 34

National defense expenditures...... _...._........_... lt 18National income and product-.**,«•-*—«-.¥.

1^- 1,2National parks, visits , _*....„..„._,. *,,*. , 2 4Newsprint „ , < ...-'3J3, 37New York Stock Exchange, selected data .„.•.. 20, 21Nonferrous metals fc 3» 8,10, 23,33,34Noninstallment credit - . '......«....*,«;.. 17»18Oats , *..j. • 27Oil burners . ...i.-.*.....,..*,....',.. • 34Oils and fats „ 8, 22,29,30Orders, new and unfilled, manufacturer!*......., 6Ordnance ......I. -13-15

Paint and paint materials. ........,...-,»' 8, 25Panama Canal traffic ~. ......̂ - 24Paper and products and pulp .< . 3,

Parity ratio , ...... -.„ 7Passports issued .,.„...„.»_..,.. ,24Payrolls, indexes .„.', „. ... 14Personal consumption expenditures.......... „... 1, 2Personal income . .-...-.,„»..... 2,3Petroleum and products.—: «. ,*„.». . 4-*6t

8,11,13-15,19,22. 23,35,36Pig iron k-.*... 32Plant and equipment expenditures.,.-....„..,.... 2, 20Plastics and resin materials..--...,..-......,.... 25Population . ,„.,....,... ' 12Pork . .̂ ., 28Postal savings .........„., «,. ' -17Poultry and eggs , „...„—. --.3, 7,29Prices (see also individual commodities)-„ . 7, 8Printing and publishing .„._.-.*......... 4,13-15Profits, corporate fc ... . 1,19Public utilities 2-4, 7-9,13-15,18-21Pullman Company . ..,.-... ....- 24Pulp and pulpwood - . —... 36Purchasing power of the dollar 8

Radiators and con vectors.. ... '...„..... . 34Radio and television 4, 8,10,11, 34Railroads 2, 13,14,16,18, 20, 21, 24, 40Railways (local) and bus lines 13-15, 23Rayon and acetate . , 39Real estate 10,17,18Receipts, U.S. Government . .* 18Recreation , . 7Refrigerators and home freezers-.-- ....... 34Rent (housing) , , .. 7Retail trade 4, 5, 7,11-15,17,18Rice 27Roofing and siding, asphalt .-—...„ .... 36Rubber and products(incl. plastics) 4-6,

8,13-15,23,37Rye ._.._ . ... 27

Saving, personal . ...... . ....... 2Savings deposits ......... 17Securities issued ............. .— 19, 20Security markets ..... .. .... ._. 20,21Services „.., 1,2, 13-15Sheep and Iambs ..... ................. 28Shoes and other footwear „„... 8,11,12, 31Silk, prices, imports, production.. !.. 8,39Silver ^ 19Soybean cake and meal and oil .a. 30Spindle activity, cotton ... .... 39Steel ingots and steel manufacture*-,.., 32,33Steel scrap . ..I k.. 32Stock prices, earnings, sales, etd . 20, 21Stone, clay, glass products 3-5,8,13-15,19,38Stoves and ranges .... 34Sugar >—. .. 23, 29Sulfur 25Sulfuric acid . 25Superphosphate . . .. 25

Tea imports 29Telephone, telegraph, cable, and radiotele-

graph carriers . ............. 13-15,24Television and radio 4,8; 10,11, 34Textiles and products.. 3, 5, 6, 8,13-15,19, 22,38-40Tin ,. 23,33Tires and inner tubes 8, II, 12, 37Tobacco and manufactures 4-8, 10,13-15i 22, 30Tractors 22,34Trade (retail and wholesale) 4,5,11, 12Transit lines, local . '' 23Transportation 1,2, 7,13-15,23,24Transportation equipment 3HI, 13-15,19,40Travel ,... 23, 24Truck trailers , . , 40Trucks (industrial and other) ... ... . . 34,40

Unemployment and insurance................. 12,16U.S. Government bonds . 16-18, 20U.S. Government finance.......... ! . 18Utilities 2-4, 9,13-15,18-21, 26

Vacuum cleaners .... ..... 34Variety stores .. .. 11,12Vegetable oils . ..... 30Vegetables and fruits. ...... 7,8, 22Vessels cleared in foreign trade ........... 24Veterans'benefits ; „+* 16,18

Wages and salaries ..—.— 1,3,14-16Washers and driers « ...... ..._.„..._ 34Water heaters , ' 34Waterway traffic . ._ 24Wheat and wheat flour 28Wholesale price indexes ... ..... 8Wholesale trade 4, 5, 7,13-15Wood pulp .....—....— 36Wool and wool manufactures . 7,8, 23,39

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* FIRST COMPREHENSIVE ACCOUNT OF THE WIDELY USED STATE INCOME SERIES

* PERSONAL INCOME BY STATE, BY TYPE, AND BY 1NDUSTRY-SINCE 1929

* ANALYSIS OF GEOGRAPHIC INCOME CHANGES - PROCEDURES AND DEFINITION

THIS 1957 VOLUME—229 pages, quarto, illustrated, $1.50—is available from the Superintendent of Documenfs, U.S.Government Printing Office, Washington, D.C., 20402, as well as at all Field Offices of the U.S. Department of Commerce.

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