BUSINESS October 16, 1959

STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to t h e SURVEY OF C U R R E N T BUSINESS, a t $ 4 . 0 0 annual ly , th is S u p p l e m e n t provides selected

weekly and monthly data subsequent to those published in t h e latest month ly SURVEY

SELECTED BUSINESS INDICATORS

Index,l941-43 = I0

8 0

7 0

PRICES OF 425 INDUSTRIAL STOCKS (Wednesday close)

Monthly

6 0 h

5 0

4 0

3 0 InJ | f 1 I | I » » » » .- I » I I » 1 1 I 1 I » 1 » t I I 1 I » 1 -1 t I t 1 » I I 1 I I I 1 » 1

S956 1957 !958 1959

Index, I94l -43«I0

[ 8 0

Billion Dollars

2 0 SALES OF RETAIL STORES (seasonally adjusted)

T Tofal

Nondurable Goods

l Durable Goods

I I I I I 1 I I I I I I I I I I I I I I I I I I I I I I 1 I I I I I I I I I I I I M I I

1956 1957

Index, 1947-49= 100

1958 1959

2 0 0

1 7 5

1 5 0

125

1 0 0

7 5

MANUFAC PAYROLLS

°°<*v^r

TURING EMPLOYMENT & (production workers)

Payrolls *^

_ Employment

\

-LLJLLLLUJLJLL .JJ-LLLLLLLLL,

KX

JJJLJJ-LL.LLLL,

/ V 1

J

T * * * ^ * * * * |

j j j j j J j J U L i i l

1956 1957 1958 1959

Index, 1 9 4 7 - 4 9 = 100

180

160

1 4 0

120

DEPARTMENT STORE SALES & STOCKS (seasonally adjusted)

Stocks

Sales

IOO l i i i M I i i i i i l i i M » I i n i »1 i i i i i I i m i I i i i i i I i i H I

1956 1957 1958 1959

Dollars

2 . 4 0

2 . 2 0

2 . 0 0

1.80

1.60

1.40

Hours

5 6 MANUFACTURING HOURS & EARNINGS

Average Hourly Gross Earnings

(left scale)

Average Hours Per Week (right scale)

U l 1 I 1 I 1 i I I I 1 I I I I I I M I I I I I I N I I I I I I I I I I I 1 I I I I J

H 52

H 4 8

4 4

4 0

36 1956 1957 1958 1959

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

2 WEEKLY BUSINESS STATISTICS1

ITEM

Commodity p r i c e s , wholesa le :

F i nance: Currency in c i r c u l a t i o n 4 / m i l . of d o l . . Federal Reserve bank c r e d i t ou ts tand ing , t o t a l 4 / d o . . . .

Report ing member banks (o f r .R.System) in leading c i t i e s : 5 /

Commercial and i n d u s t r i a l loans (gross) d o . . . .

Stock p r i c e s , 500 stocks ( S t a n d . A Poor 's ) _ 5 / . . . 1941-43=10. .

Product ion:

E l e c t r i c power, by u t i l i t i e s m i l . of k w . - h r . . Motor veh ic les ( c a r s , t r u c k s , coachos) number..

1958

Oct . 4

8 5 . 6 145

1,915 1,740

301

31,217 26 ,275 18,234

460

60 ,118 30,164

101,338 34 ,103 30,531 10,982

4 . 4 3 4 9 . 9 8 53 .51

1,444 12,111 50 ,157

7,014

1,901 #70.4

678 335

Oct . I I

• I I 9 . I * 9 3 . l

• l l l . l * 126.2

8 5 . 9 147

1,870 1,700

271

31,352 26 ,519 18,318

565

59 ,773 30,191

101,97.7 34,695 30 ,473 11,047

4 .44 51 .06 54.71

1,495 12,067 46 ,722

6 ,874

1,933 # 7 1 . 6

686 j 335

1 1959

Sept . 19

119.6 8 8 . 9

107.8 128.3 8 6 . 5

158 1,347 1,181

264

32,197 28,834 18,653

496

61 ,133 30 ,678

104,137 28 ,891 29 ,346 12,435

4 .81 56 .72 60 .87

1,297 12,779 82 ,587

6 ,823

356 12.6 578 311

Sept . 26

119.6 8 8 . 9

107.4 128.3 8 5 . 7

145 1,322 1,158

282

31,984 29 ,016 18,819

566

60,23? 30 ,723

103,387 28 ,358 29 ,374 12,462

4 .85 55 .82 59 .91

1,299 12,878

114,101 6 ,858

362 12.8 587 317

Oct . 3

119.2 8 6 . 9

106.8 178.4 8 6 . 0

147 .

224

31 ,809 28 ,403 18,394

254

60 ,157 30,741

103,540 28 ,118 7.9,478 12,451

4 .87 56 .88 6 0 . 9 9

1,274 13,234

127,752 6 ,825

362 12.8 573 311

Oct . 10

119 1 8 6 . 4

106.2 128.4 8 5 . 6

31 933 28 ,623 18,636

493

4 . 8 8 56 .94 60 .96

141,260

J./ Data do not always cover calendar weeks. 2/ Tuesday prices. .3/ Includes data for Alaska and Hawaii, and for the following programs: State; R.R.; Federal employees; veterans; and ex-sorvicomon. 4/ Daily average. 5/ Wednesday data. 6/ Weok baninning October 5, 1959: Pro­duction, 365 thous. short tons; operatinq rate, 17.9 percent. * Monthly index for September 1958. # Rased on January I, 1958, annual capacity (140,742,570 tons); not comparable with 1959 rates Which are based on January I, 1959, annual capacity (147,633,670 tons).

MONTHLY BUSINESS STATISTICS

ITEM

GENERAL BUSINESS INDICATORS

Farm income and market ings: Cash r e c e i p t s from farming, inc lud ing Government

Indexes of cash r e c e i p t s from marketings and CCC unadjusted:

Al I commodities 19*

Indexes of volume of farm market ings , unadjusted

DOMESTIC TRADE A l l r e t a i 1 s t o r e s : -!•'

payments, • ot d o 1 • .

. . . . d o . . . .

. . . . d o . . . .

. . . . d o . . . .

. . . . d o . . . .

. . . . d o . . . . loans,

17-49=100. . . . . . d o . . . . . . . . d o . . . .

. . . . d o . . . .

. . . . d o . . . .

. . . . d o . . . .

1 . of d o l . . d o . . . . d o . . . . d o . . . .

d o . . . . d o . . . . d o . . . .

d o . . . . d o . . . .

1958

August

2 ,952 2 ,789 1,257 1,532

369 P70 275

115 117 112

127 132 123

17,000 5,361 2 ,789

872 1,005

11,639 <?54 559

1,406 4 ,360 1,448 1,768

September

3,604 3,357 1 1,567 1,770

357 1,105

292

137 146 130

147 160 138

16,376 5,08C 2 ,447

850 1,038

11,746 1 1,047

538 1,776 4 ,068 1,346 1,781

1959

June

2 ,336 2 ,308

819 1,489

398 853 207

95 76

109

108 80

129

18,708 6 /J26 3 ,880

1 978 I J 3 8

11,882 1,077

58? ! , 372 4 ,771 1,450 1,879

July

2 ,676 2 ,582 1,116 1,466

385 829 230

106 104 108

121 114 128

18,332 6 ,419 3 , ' ; /9

! 9 !6 1, 135

11,913 <?'. •:;79

1 ,458 4 , 4 8 i 1 , ' • > • • ' • '

August

2 ,605 2 ,573 1,132 1,441

376 817 229

106 106 106

118 NO 124

r18 ,054 r 6 , 2 4 0 r 3 , 4 l 0

r942 1,092

r11 ,014 r<:58 r587

! . - i p 458 r4 ,?95 r 1 , 5 0 4 r l ,P .43

September

17,541 5 ,748 2 ,950

919

11,793 ! , I 0 2

578 1,395 4 ,197 ! , 396

| 1,916

r Revised. J/ Data for September 1959 are advance estimates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

MONTHLY BUSINESS STATISTICS —Continued 3

ITEM

DOMESTIC TRADE - Continued

All retail stores J./- Continued Estimated sales Tseasonally adjusted),total...mi I. of dol

Durable goods stores do.. Automot i ve group do.. Furniture and appliance group do.. Lumber, building, hardware group do..

Nondurab le goods stores do.. Appare I group do.. Drug and proprietary stores do.. Eating and drinking places do.. Food group do.. Gasoline service stations do.. Genera I merchand ise group do..

Estimated inventories: Unadjusted, totaI do..

Durab le goods stores do.. Nondurab le goods stores do..

Adjusted, tota I do.. Durab le goods stores , do.. Nondurab le goods stores „ do..

Retail firms with 4 or more stores: Fs+imated sales (unadjusted), total do..,

Retail firm*; with II or more stores: Estimates sales (unadjusted), total do..,

Appare I qroun do.., Drug and proprietary s+oros do.., Fatinq and drinking Blaces do.., Furniture, homefurnishinqs stores do.., General merchandise group do.., Grocery stores do.., Lumber, bui Idinq-mater ials dealers do... Tire, battery, accessory stores do..,

Estimated sales (seasonally adjusted), total do... Appare I group do... Drug and proprietary stores do... Eating and drinking places do... Turniture, homefurnishings stores do... General merchandise group do... Grocer y stores do... Lumber, building-materials dealers do... Tire, battery, accessory stores do...

Wholesale trade: Sales, estimated (unadjusted), total bil. of dol.

Durable goods establishments do... Nondurable goods establishments do...

Inventories, estimated (unadjusted), total do... Durab le goods estab I i shments do...

Nondurable goods establishments do...

EMPLOYMENT AND WAGES

Labor force (U. S. Department ot labor): Civilian labor force, total thousands.

Emp loved do_ _ Agr icu Itura I emp Ioymerit do. Nonagr icu Itura I emp lovment do!!!

Unemp loyed !...!!!!do!!! Employees in nonagricuIturaI establishments (unadjusted):

T o + a • thousands. Manu f actur i no do. Mining ! ! ! ! ! ! ! ! ! ! ! ! d o ! ! ! Contract construction do. Transportation and public utilities do!!! Wholesale and retail trade do!!! Finance, insurance, and real estate do... Service and miscellaneous do!!! Government ! !do!!!

Production workers in manufacturing industries: T o t a l d o #

Durable goods indust r ies 2 / d o . . . Ordnance and accessories d c . . . Lumber and wood products (except f u r n i t u r e ) d o ! ! ! Furn i tu re and f i x t u r e s d o . . . Stone, c l o y , and glass products d o . ! ! Primary metal indus t r i es d o . ! ! f a b r i c a t e d metal products 3 / ! d o ! ! ! Machinery (except e l e - t r i c a l ) ! ! ! ! ! ! ! ! ! ! ! d o ! ! ! E l e c t r i c a l machinery d o ! ! ! T ranspor ta t ion equ i pment ! ! ! ! ! ! ! ! ! ! d o ! ! ! Instruments and r e l a t e d products ! ! ! ! ! ! ! ! ! ! d o ! ! !

Nondurable goods industr ieu £ / d o . . . , Food and k i ndred products d o ! ! * Tobacco manufactures d o ! ! ! ! T e x t i l e m i l l products d o ! ! ! ! Apparrel and other f i n i s h e d t e x t i l e products d o . ! ! ! Paper and a l l i e d products d o . . . ,

£ / Revised. £ / P r e l i m i n a r v . J . / Data for Seoterber 1959 ordnance, n-nchinorv, and 1ranr,por"t»stion ocsuioi-ent.

1958

August

16,060 5,215 2 ,703

891 919

11,645 1,094

551 1,755 4,152 1,340 1,916

23,510 10,430 13,080 73,860 10,660 13,200

4,778

3,697 210

92 80 39

1,106 1,608

75 79

3,771 250

97 75 39

1,201 1,557

66 75

M . 3 4 .1 7 .2

11.7 6 .1 5 .6

70,067 65,367

6,621 58,746

4 ,699

50,576 15,462

708 2,955 3,897

11,011 2,413 6,15? 7,678

11,645 6,339

67 581 301 130 36/1 788 977 734

1,0*4 199

5,306 1,17?

86 055

l,!>44 4*2

September

16,563 5,095 2 ,600

858 926

11,468 1,042 563

1,221 4,169 1,338 1,817

23,680 10,110 13,570 23,680 10,480 13,200

4,128

3,566 239 90 74 41

1,112 1,461

75 69

3,685 237 94 71 43

1,134 1,555

64 73

M.9 4.4 7.5 M.7 6.1 5.6

66,740 64,629 6,191 58,438 4,111

51,237 15,755

711 2,927 3,886 11,151 2,392 6,472 7,943

11,940 6,579

68 590 310 438 897 822

1,007 76?

1,100 705

5,361 1,178

96 860

1,055 447

1959

June

18,189 6,162 3,476 936 991

12,027 1,100 596

1,312 4,300 1,388 1,961

r 2 4 , 6 4 0 11,830

r l 2 , 8 I O r 2 4 , 8 0 0

11,660 r 1 3 , 1 4 0

4,398

3,832 256

99 83 39

1,174 1,572

82 89

3,897 253 101 80 40

1,233 1,610

72 77

12.8 5 .1 7 .7

12.4 6 .7 5 .7

71,374 67 ,342

7,231 60 ,111

3,982

57 ,580 16,455

713 2 ,986 3,944

11,352 2,442 6 ,623 8 ,065

17,574 7 ,248

73 624 321 466

1,067 866

1,167 833

1,724 274

5 ,776 1,030

70 883

1,068 453

July

r 1 8 , 2 9 6 r 6 , 1 6 0

3,454 929

1,009

r l 2 f 1 3 6 r l , l 3 3

597 1,325

4 , 2 8 9 1,404

r 2 , 0 3 0

r 2 4 , 6 4 0 r 1 1 , 8 7 0 r 1 2 , 7 7 0 r 2 5 , 0 7 0 r 1 1 , 8 0 0 r 1 3 , 1 9 0

4 ,316

3 ,778 207 100 88 36

1,063 1,679

82

r 3 , 9 8 4 266 102 r 8 3

39 r 1 , 2 8 9

1,619 72 80

12.7 4 . 9 7 . 8

12.4 6 . 7 5 .7

71 ,338 67 ,594

6,825 6 0 , 7 6 9

3,744

r 5 2 , 3 4 3 r l 6 , 4 I O

r 7 I O r 3 , 0 3 5 r 3 , 9 4 9

r I 1,324 r 2 , 4 7 5 r 6 , 6 0 3 r 7 , 8 3 7

r 1 2 , 4 3 3 r 7 , l 6 l

r72 r627

320 464

1,038 r847

r I , 149 r836

r 1 , 2 0 7 721

r 5 , ? 7 2 r 1 , 0 6 2

67 r872

1,048 r449

August

16,110 r 6 , 0 9 5

3 ,350 952 988

r l 2 , O I 5 1,096

600 1,296 4 ,305 1,392 1,989

24,530 11,360 13,160 24,880 11,690 13,200

4,298

3,777 215 98 87 39

1,164 1,580

81 86

3,972 254 103 81 39

1,273 1,635

71 82

12.2 4.7 7.5 12.4 6.6 5.9

70,667 67,241 6,357

60,884 3,426

r52,054 r16,172

r633 r3,101 r3,922

rI 1,353 r2,472 r6,589 r7,8l?

r12,181 r6,696

r72 r627 r323 r467 r625 r832

rI,141 r849

rI,137 r224

r5,485 rl,l69

r90 r887

r i, 101 r453

are ad-.anco e s t a t e s . 2/ Includes data for industries not shown. 3/ Fxcept Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4 MONTHLY BUSINESS STATISTICS — Continued

ITEM j

EMPLOYMENT AND WAGES - Continued

Production workers in manufacturing indust r ies - Continued Nondurable qoods i n d u s t r i e s 1 / - Continued

P r i n t i n g , p u b l i s h i n g , and a l l i e d i n d u s t r i e s . . . t h o u s a n d s . .

Manufactur ing production-worker indexes:

Hours and earn ings: Average weekly hours per worker , a l l manufac tur ing . .hours . .

Average weekly gross ea rn ings , a l l m a n u f a c t u r i n g . . d o 1 l a r s . .

Average hour ly gross ea rn ings , a l l manufacturing d o . . . .

Lumber and wood products (except f u r n i t u r e ) d o . . . .

Apparel and other f i n i s h e d t e x t i l e products d o . . . .

P r i n t i n g , p u b l i s h i n g , and a l l i e d products d o . . . .

Products of petroleum and coal d o . . . .

LUMBER AND MANUFACTURES

Lumber (Not iona l Lumber Manufacturers A s s o c i a t i o n ) :

S o f t w o o d s . • • • • . • . • . • • • • • . • . • . . . . • • . • • . . • • • • • • • • • • • . d o . . . .

S o f t w o o d s . • • • • • • • • • • • • • . • . • • • • • • . • • . • • . . . . . • • . . • . . . d o . . . .

TRANSPORTAT1 ON EQU1 PMCNT

Motor v e h i c l e s , f a c t o r y seilcs, t o t a l . . . n u - b e r . .

Doinest i c . . . . . . . . . . . . . . . . . . . . . • . . . • • • • • • • • • • • • • d o . . . . Trucks, t o t a I . . . . . . . . • • • • • • - • . d o . . . .

uomesT i C n a i n i t i i i i i i i i • • • • • • • • • • • • m i o o . . . .

1958

August

542 504 157 18! 323

94 .1 93 .2

150.0

3 9 . 6 3 9 . 8 39 .4

84 .35 91 .14 76.04

2 . 1 3 2 . 2 9 1.91 2 . 1 6 2 . 7 0 2 . 2 9 2 . 3 8 2 .14 2 .55

1.93 1.97 1.51 1.52 2 . S3 2 . 6 0 2 . 3 4 2 . 7 3 1.56

3 ,056 2 , * 6 I 3 ,103 2 ,533 9 ,070 5,568

250,460 765 759

194,974 192,770 55,271

[ 47 ,030

September

548 511 158 188 321

96 .5 9 4 . 8

155.7

3 9 . 9 4 0 . 2 39 .5

8 5 . 3 9 92 .46 7 7 . 0 3

2 . 1 4 2 . 3 0 1.94 2 .16 2 . 7 3 2 . 2 9 2 . 3 9 2 . 1 6 2 .55

1.95 1.99 1.51 1.53 2 .14 2 .62

I 7 .34 7 .76 1.58

3 , 143 7 ,524 3, 195 7 ,621 9 ,018 5,471

149,756 716 71?

107,687 98 ,009 46 ,353

1 y.t 232

June

555 527 160 196 334

101.3 101.9 I7/S.4 1

4 0 . 7 4 1 . 4 3 9 . 8

91 .17 99 .36 79 .60

7.74 7 , 4 0 1.99 2 .71 2 .84 7 . 5 8 7 . 5 0 2 . 2 2 2 . 6 6

2 . 0 0 2 . 0 9 1.58 1.50 2 . 2 0 2 . 7 0 2 .42 2 . 8 8

I l . 6 i

3 ,216 7 ,617 3,217 2 , 6 5 9 8 ,788 5,181

674 ,689 767 747

554,878 540,660 119,54/-

I 100,A62

1959

July 1

r552 527

r l 5 8 r203

335

r 1 0 0 . 5 r 1 0 2 . 0 r 1 7 0 . 2

r 4 0 . 2 r 4 0 . 5

3 9 . 8 r 8 9 . 6 5 r 9 6 . 8 0

8 0 . 0 0 2 . 2 3 2 . 3 9 1.98 7 .22 2 .81 2 .37 2 . 5 0 2 . 2 2 2 . 6 6

2 .01 r 2 . 0 9

1.58 1.51 2 .21

r 2 . 7 l 2 . 4 4

r ? . 8 9 L 5 9

3 , ! 36 2 ,513 3 , 146 2 ,608 8 ,782 5 ,100

663,444

233 209

| 548,574 54 1,458 114,687 92 ,186

August

r558 r534 r 151 r204 r339

r 9 8 . 5 r 9 7 . 5

r 1 6 5 . 0

4 0 . 5 4 0 . 9 4 0 . 0

88.. 70 96 .12 ' 8 0 . 0 0

2 . 1 9 2 . 3 5 2 . 0 0 2 . 2 2 2 .64 2 . 3 8

r 2 . 5 0 r 2 . 2 2 r 2 . 6 9

2 . 0 0 r?..06 r l . 5 9

1.52 ?..??. 2 .71

r 2 . 4 4 r 2 . 8 4

1.60

3,171 2 ,528 3,137 2 ,530 8 ,816 5 ,099

315,983

82 1 58

255,831 752,556 60,070 47,88?

September

p566 p537 D I 5 0 p708 D337

P99.6 p97.8

p167.9

p40.4 P40.7 p39.9

P89.28 P96.05 D80.60 P2.2I P2.36 pl.99 P2.23 P2.65 P2.39 P2.50 P2.23 P2.7?

P2.02 07.06 pi.59 pl.53 P2.23 P2.73 p?..46 p?.90 n l .6 !

L . . . . . . . . .

r_/ Revised. j>/ Prel iminary. \j Includes data for industries not shown. 2/ except ordnance, •••achine'-y and t ranspor tat ion equipment.

UNITED STATES

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WASHINGTON 25, D. C.

OFFICIAL BUSINESS

FIRST CLASS

PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE. $300

WEEKLY SUPPLEMENT

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