SCB_021969
Transcript of SCB_021969
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SURVEY OF CURRENT BUSINESS
FEBRUARY 1969 / VOLUME 49 NUMBER
CONTENTS
THE BUSINESS SITUATION
Summary
Recovery in Steel
National Income and Product Tables
ARTICLES
Federal Programs for Fiscal 1970 13
Fixed Business Capital in the United States, 1925-68 20
CURRENT BUSINESS STATISTICS
General S1-S24
Industry S24-S40
Subject Index (Inside Back Cover)
U.S. Department of Commerce
Maurice H. Stans / Secretary
William H. Chartener / Assistant Secretaryfor Economic Affairs
Office of Business Economies
George Jaszi / DirectorMorris R. Goldman Louis J. Paradise
Associate Directors
Murray F. Foss / Editor
Leo V. Barry? Jr. / Statistics Editor
Billy Jo Hurley / Graphics
STAFF CONTRIBUTORS TO THIS ISSUE
Business Review and Features:
Francis L. Hirt
Donald A. King
Articles:
Charles A. WaiteJoseph C. Wakefield
Sarah A. HusleyHermioiie Anglin
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the BUSINESS SITUATION
New Orders for Durable Goods
CHART 1
Billion $ (ratio scale)
40
Machinery and Equipment
\(Old series)
Defense Products (New ser>!f) f
Consumer Durables(Excl. Autos)
Primary Metals
Construction Materialsand Supplies
1964 65 66 67 68 69Seasonally Adjusted Quarterly Average
U.S. Department of Commerce, Office of Business Economics 69
Economic activity continued to ex-pand vigorously as the new year began.In January nonfarm employment, per-sonal income, and industrial productionincreased over the preceding monthwhile the unemployment rate remainedat its very low December level. Retailsales rebounded after the sharp declinein December.
_|_ HE new year has started off witheconomic activity continuing to ad-vance. Aside from retail trade, whichhas been subject to erratic fluctuations,there is little evidence to indicate thatthe expansion is slowing down. In Janu-ary, nonfarm employment, weekly hoursof work, payrolls, and industrial pro-duction all registered increases overthe preceding month, while the overallunemployment rate remained at thevery low December figure. Wholesaleindustrial prices rose sharply accordingto advance reports.
In the current quarter, a majorstimulus to the expansion in produc-tion is coming from fixed businessinvestment. The continuing sharp re-covery in plant and equipment demandis evident not only in the anticipationsreported in the November OBE-SECsurvey but also in the rising trend ofnew orders for machinery and equip-ment (chart 1). January housing startswere the highest in 5 years; althoughoutlays are still rising, housing isespecially vulnerable to the credit tight-ening now in progress. State and localgovernment purchases are adding todemand, but Federal purchases appearto be leveling off, to judge from thelatest budget. Net exports are probablyvery low at the moment because of thedock strike.
Consumer spending has been subjectto very irregular shifts, and conse-quently it is difficult to predict how
expenditures for the full quarter willwind up. Total retail sales rose sharplyin January after a pronounced decreasethe month before but were still nodifferent from the third quarter average.Auto sales appear to have slipped.Potentially dampening influences forthe current quarter are the January 1statutory rise in social security taxes,and the bulge in net settlements of1968 tax liabilities. Despite these fac-tors, the rise in total consumer spendingin the first quarter may well exceedthe very small fourth quarter advance,which in real terms was close to zero.
Employment and income higher
As a result of rising employment,increased weekly hours of work, andhigher average hourly earnings, wageand salary disbursements advanced$2.4 billion in January. The Januaryrise, which was considerably less thanthe average monthly increase in thefourth quarter, was held down bystrikes. In petroleum refining alone thepayroll loss was almost $% billion,and the reduction due to the dock-workers7 strike was also substantial.
In addition to the strike losses, theJanuary rise in personal income washeld down by the •$!% billion increasein the employee share of social securitytaxes. All told, personal income ad-vanced only $1.6 billion in January toreach a seasonally adjusted annualrate of $715 billion. During the fourthquarter of 1968, monthly increases inincome averaged $4% billion.
Auto sales and production lower
Dealers7 sales of new domes tic-typepassenger cars edged down in Januaryfor the fourth consecutive month. Theseasonally adjusted annual rate ofsales—8.5 million units—fell from anaverage of 8.7 million in the fourth
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quarter and 9.0 million in the July-September period, the highest quarterlyrate of 1968 (chart 2).
Seasonally adjusted inventories ofnew cars in dealers' showrooms in-creased by nearly 10^,000 units inJanuary after declining fyy 60,000 dur-ing December. End-of-January stockswere equivalent to 2.28 months of salesat the January rate, the highest ratiosince March 1967. Production of pas-senger cars has been cut back to bringinventories more into line with sales.Assemblies in January were 2 percentlower than in December and 4 percentunder the high October-November rate,after seasonal adjustment.
Production schedules for Februaryand March have been reduced fromoriginal targets by Chrysler and Ford.Total seasonally adjusted output for thecurrent month is likely to show a fur-ther small reduction from January,with March output little changed fromFebruary.
The decline in output of automobilesand other transportation equipment
Domestic-Type AutomobilesMillion Units
10DEALERS' SALES(Annual rate)
SUEVEY OF CUKKENT BUSINESS
offset increases in machinery and pri-mary metals so that durable goodsmanufacturing activity was unchangedfrom December. A rise in nondurablemanufacturing was primarily responsi-ble for the 0.3 percent seasonally ad-justed increase in the Federal Reserveindustrial production index.
Tighter credit conditions
Evidence that the Federal ReserveSystem was moving toward a furthertightening of credit conditions wasapparent in last month's banking statis-tics. During January, loans and invest-ments at commercial banks increased$0.8 billion after seasonal adjustment.This was the smallest expansion inbank credit since last June and wasconsiderably below the average monthlygains of $3.2 billion registered in theclosing quarter of 1968. Moreover, allof the expansion in credit that did occurwas confined to loans, particularly thebusiness loan component, which rosesharply. Total investments declinedbecause of a reduction in bank holdingsof U.S. Government securities.
The money stock (currency anddemand deposits) rose a seasonallyadjusted $0.5 billion in January—about half the average monthly gainin the final quarter of 1968—whiletime deposits declined $1.8 billion. The
Ratio
3.0
2.5
2.0
1.5
STOCK-SALES RATIO*
1966 1967Seasonally Adjusted
*Stocks, end of quarter; sales, average for quarter
**January 1969
U.S. Department of Commerce, Office of Business Economics
1968
February 1969
reduction in time deposits, which re-flected a pronounced runoff of largedenomination certificates of deposit atcommercial banks, was a sharp turn-about from monthly advances thataveraged $2.5 billion in the October-December period. The banks lost CDfunds on a large scale in January, mainlybecause Regulation Q ceilings preventedthem from paying rates on these de-posits that are competitive with thehigh yields investors can now earn onmarket securities.
After rising very sharply in December,most market interest rates showedlittle net change during January andearly February. On an average monthlybasis, however, the yield on 3-monthTreasury bills stood at 6.13 percentlast month as compared with 5.94percent in December, and the yieldon the highest grade corporate bondswas 6.59 percent as compared with6.45 percent a month earlier.
Early in January, major commercialbanks again raised the prime rate, therate charged their most credit-worthybusiness customers. This increase, from6% to 7 percent, followed two quarter-point increases in December. Also, onJanuary 24, the rates on FHA-insuredand VA-guaranteed mortgages wereraised from 6% to 1% percent; in earlyMay 1968, these rates were increasedfrom 6 to 6% percent.
Recovery in Steel
Steel output has staged a steadyrecovery since September and the firstquarter 1969 production of steel shouldbe substantially above the fourthquarter 1968 rate. Overall consumptionof steel is high and inventories held bymanufacturing consumers have beenreduced from the inflated levels of lastsummer.
OUTPUT in the steel industry hasstaged a steady recovery since thesevere 2-month decline that followed
the signing of the new labor contractlate in July 1968. The turnaround inproduction, which began in October,continued with pronounced advancesin November and December and asmaller gain in January. From Septem-ber 1968 through January of this year,the increase in output amounted tonearly one-fifth, a recovery of abouthalf of the July-September loss.
The recent improvement in steelproduction reflected both renewed buy-ing by steel users and some buildup ofproducers' stocks, which had declinedto a low level. New orders received by
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February 1969
steel mills showed substantial monthlyincreases from September through No-vember before falling moderately inDecember; for the entire fourth quarter,new business booked was 25 percentabove the third. With the rate of in-coming orders since September runningwell above shipments, backlogs haveincreased and at the end of Decemberwere the highest since June 1968.
Steel consumption at new high
Steel consumption, after decliningmoderately in 1967, increased appreci-ably in 1968 in response to higher levelsof demand in most of the major con-suming markets. According to Censusdata, steel usage by manufacturingconsumers, who account for more thantwo-thirds of aggregate consumption,totaled 68.6 million tons; this was 8percent above 1967 and 1 percent higherthan in 1966, the previous top year.
Most industries reported consump-tion increases from 1967 to 1968. Thegains were particularly large for theautomobile industry and less pro-nounced for such major industries asmachinery, fabricated metal products,household appliances, and containers.The only major exception to the generaltrend in manufacturing occurred in therailroad equipment industry, whereconsumption fell for the second straightyear. A sharply reduced new orderflow, beginning in 1967 and continuingthrough most of 1968, cut production offreight cars to two-thirds of the 1967total. However, in the fourth quarterof 1968, new business placed withequipment builders rose sharply; back-logs, while still relatively low, in-creased to the highest level in 18months. Steel usage in nonmanufactur-ing industries as a group was alsohigher than in 1967. Consumption inthe important construction industry,after declining from 1966 to 1967,increased moderately in 1968 reflect-ing mainly a higher level of homebuild-ing activity.
After falling in the first half of 1967,consumption of steel (seasonally ad-justed) picked up in the last half,continued to rise rather sharply untilthe early summer of 1968, and leveledoff thereafter. In the fourth quarter of1968, consumption almost matched
SUEVEY OF CUEEENT BUSINESS
the peak rate reached in the firstquarter of 1966 (second panel of chart).
Decline in consumers' stocks
Manufacturing consumers have maderapid progress in working down theirinventories of steel mill shapes fromthe inflated levels of the pre-Auguststrike threat. With receipts of steel by
manufacturing consumers running wellbelow the rate of consumption, stockshave shown a steady decline. The re-duction since July has now amountedto 3.3 million tons, seasonally ad-justed, and by yearend, stocks held bymanufacturing consumers were down to10.8 million tons, the lowest sinceMarch 1968. '
CHART 3
Steel Production, Consumption, and Stocks1957-59=100 (ratio scale)
200
150
40
1961 1962 1963 1964 1965 1966
Monthly, Seasonally Adjusted
1. Three-month moving average centered on last month.2. Includes wholesalers, excludes nonmanufacturing consumers.
U.S. Department of Commerce, Office of Business Economics
1967 1968 1969
Data: FRB & Census69-2-3
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The latest data suggest that theliquidation of steel inventories by man-ufacturing consumers is close to anend and may well be over. End-of-December stocks in terms of days'supplies—about 41—are roughly thesame as in 1964, 1966, and 1967, yearsthat were not distorted by strikethreats.
Mill stocks up
Stocks of steel at producing millswere at record levels in the earlyspring months of 1968 after 2 years offairly steady growth, but they declinedas mills stepped up shipments to steelusers in the months just before theAugust 1 contract deadline. By theend of July, producers' stocks had beenreduced 5.1 million tons from the 21.6million held in April. After the signingof the new labor contract, producersbegan to rebuild their stocks, whichhelped to limit the decline in steeloutput in the third quarter; the addi-tions to mill inventories were moremoderate in the final 3 months of 1968.Relative to shipments, producers'stocks of steel at the end of Decemberwere below the high ratios of 1967 butabove those that prevailed for severalyears prior to 1967. It may well bethat mills now find it desirable tomaintain higher stock-shipment ratiosthan formerly in view of the severecompetition from foreign producers.
Imports at record rate
Even though supplies of finished steelfrom domestic sources increased sub-stantially from 1967 to 1968, the steelindustry was faced with intensified com-petition from foreign steel producers.U.S. firms purchased 18 million tons offoreign-produced steel in 1968, nearly60 percent above the 1967 volume andthe largest on record. The inflow of steelwas heavy during most of 1968, reach-ing more than 20.0 million tons (sea-sonally adjusted annual rate) in thethird quarter before falling to 18.4million tons in the fourth.
SURVEY OF CURRENT BUSINESS
The substantial increase in importsof 6% million tons in 1968 reflected thehigh level of domestic economic activityas well as strike-hedge inventory buy-ing. It also reflected the continued exist-ence of excess steel capacity abroad,which puts pressure on foreign pro-ducers to export steel to the U.S. marketat prices below the domestic level.
The principal sources of steel importswere Japan and the countries of theEuropean Coal and Steel Community(ECSQ— France, West Germany, Italy,Belgium, Netherlands, and Luxembourg,which together accounted for approxi-mately 14% million net tons or 80 per-cent of total 1968 imports; this totalwas divided almost equally between thetwo geographical areas. To prevent theimposition of U.S. import restrictions ofsteel products, the ECSC and Japanesemills have voluntarily agreed to restricttheir sales of steel to the U.S. marketin calendar year 1969. The State De-partment has estimated that the neteffect of the agreement would be tolimit total imports of steel productsfrom all countries in 1969 to 14 millionnet tons as compared with 18 milliontons in 1968. This year's estimated vol-ume of imports would still be well abovethe 1967 total.
In contrast to imports, exports ofsteel products remained consistentlylow in the first half of 1968 but pickedup substantially with the removal ofthe strike threat. In the final quarterof 1968, exports were running at a3.0 million ton seasonally adjusted an-nual rate, nearly double the first-halfrate and the highest for any quartersince 1964. For the full year, grossexports of steel mill products amountedto 2.2 million tons, one-third higherthan in 1967 and the first year-to-yearincrease since 1964.
The 1968 import balance (importsminus exports)—15.8 million tonsvalued at $1.5 billion—was by far thelargest ever reported. In 1967, theimport balance was 9.8 million tonsvalued at $0.9 billion. Imported ton-nage last year accounted for about 17
February 1969
percent of the supply of steel availablefor the domestic market, up from 12percent in 1967 and 10 percent in 1965,the previous strike-threat year (table 1).
Near-term outlook
First quarter 1969 steel productionshould be substantially above the fourthquarter 1968 rate and moderately abovethe January 1969 rate. Consumption ofsteel in the auto industry will be re-duced somewhat from the near-recordrate of the fourth quarter because of thecutback in passenger car productionscheduled for February and March.However, the recent upsurge in plannedoutlays for new plant and equipmentshould generate a higher rate of steelconsumption in other metal-fabricatingindustries and construction, more thanoffsetting the reduction in the auto in-dustry. Moreover, the excessive inven-tories of last summer held by manufac-turing consumers, now basically workedoff, will no longer exert a dampeninginfluence on output. Indeed, an end toinventory decumulation of inventorieswill provide a stimulus to increased out-put. Although the expected reductionin net imports of steel would favordomestic production, foreign trade insteel currently and for some monthsahead will reflect primarily the influenceof the present dockworkers' strike andits aftermath.
Table 1.—Total Shipments, Exports, andImports of Steel
(.Millions of tons)
Finished steel supplies:Total shipments from domestic
production
ImportsExports.. - -.. .. .
Net importsTotal supply available for
domestic market- - -
Gross imports as a percent ofsupply available for domes-tic market
1965
92.7
10.42.5
7.9
100.6
10.3
1966
90.0
10.81.7
9.1
99.1
10.9
1967
83.9
11.51.7
9.8
93.7
12.3
1968 v
92.0
18.02.2
15.8
107.8
16.7
p Preliminary.
Source: U.S. Department of Commerce, Bureau of theCensus, and American Iron and Steel Institute.
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February 1969SURVEY OF CURRENT BUSINESS
CHART 4
• Revised fourth quarter GNP little changed from preliminary figure—up $16.4 billion• Strong rise in nonfarm employment continued in January—unemployment remained at the low December rate
• Rise in wholesale industrial prices accelerated in January
TOTAL PRODUCTION
10 -
Quarterly ( IV )
Billion
800
750
700
600
CONSTANT DOLLAR (1958) GNP*
Total
Final Sales
Inventory Change
i t i l I—I—L—Quarterly ( I V )
Percent
12
i 1 LOBE
CONSTANT DOLLAR (1958) GNP*(Change From Previous Quarter)
,nllli_L_I I I 1 1 L
1967 1968 1969
Quarterly ( IV ) OBE
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
THE LABOR MARKET PRICES
Million Persons
81
79
75
CIVILIAN LABOR FORCE ANDEMPLOYMENT*
Labor Force,
,—-/
Employment
Percent
5
UNEMPLOYMENT RATE*
Total
Married Men.-/„.Monthly (Jan.) BLS
110
Billions 1957-59=100
120
115 -
68 -
64 -
60
- 140 110
-130 105
WHOLESALE PRICES
Industrial Commodities
Total
Monthly (Jan.) (Dec.)
120 100 I r M M 1 . 1 I I M I M M M IM I i
BLS Monthly (Jan.) BLS
Hours
45.0
42.5 -
40.0
37.5
35.0
Dollars 1957-59=100
130
PRODUCTION OR NONSUPERVISORY WORKERS(PRIVATE)
Average Hourly Earnings(right scale)
Average'Weekly Hours*(left scale)
3.00 120 -
2.80 110
2.60 100
2.40 90
WHOLESALE PRICES
Processed Foodsand Feeds
Farm Products
Monthly (Jan.) BLS
1968
Monthly (Jan.)
1969
BLS
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6 SUEVEY OF CUEKENT BUSINESS February 1969
• Increased social security taxes and strikes held down the January rise in personal income
• Retail sales showed good sized gain in January after decline in December
INCOME OF PERSONS CONSUMPTION AND SAYING FIXED INVESTMENTBillion $
800
750
700
650
600
Billion $
PERSONAL INCOME**
_
S
^^i 1 1 i i 1 i i i 1 1
Billion $
550
500
450
400
350
_
**
//s
1 1 1 1 1 1 1 1 1 1 1
_
-
i 1 I i t i 1 I i t i
650
600
550
500
450
Billion $
PERSONAL CONSUMPTIONEXPENDITURES*
_
-^^
i t iMonthly (Jan.) OBE
Billion $
WAGES AND SALARIES**
_ _Tot31
(left scale) ^/\
\
-/_-^^
1 LJ i 1 1 i t 1 1 1
Billion $
700
650
600
550
500
L /^> ^
Manufacturing(right scale)
i M t i 1 j i t i i
—
t > > i i 1 i i i i i
35
30
200 25
150 20
100 15
*_
_
^/*~~
-
I l l I I I
100
75
50
25
0
Producers' Durable Equipment**
.....V,. ^-
Nonresidential Structures**
H— --" -TT- minimi1""
Residential Structures**i i i
Quarterly ( IV ) OBE
Billion $
RETAIL STORE SALES*
Total\\
^~s~-^^—
,- -
1 1 1 1 1 1 M 1 1 I
Monthly (Jan.) OBE
Million Units
DISPOSABLE PERSONAL INCOME**
__
-
s- ^^^
****'^
1 1 i
Dollars
2,700
2,600
2,500
2,400
9 300
_
^^>.^^
'
1 1 1
-
-
1 1 1
12
10
8
6
4
_- _
S**^ ^ T /
'-
— «»— »K""\ 1 -Excluding Automotive Group
i i 1 1 1 1 i 1 1 1 1 i 1 1 1 1 1 1 1 i i i
80
75
70
65
60
1 1 1
_
-
1 1 1
Quarterly ( IV ) OBE
PLANT AND EQUIPMENTEXPENDITURES1
_
-
- /lI i i
Monthly (Jan.) Census
Billion $
NEW CAR SALES**
Domestic _(left scale)
r- fj\ y
\J ^\f
-
1 1 1 1 1 1 1 1 1 1 1
Quarterly ( IV ) OBE
Percent
REAL PER CAPITA DISPOSABLEPERSONAL INCOME**
- (In 1958 Dollars)
-
'^^"^i I i
1967
-
/"""""
1 1 1 1 1 1
12
10
8
6
4
\ /v*v's^x/
Imports(right scale)
//
i i i t 1 1 t 1 1 1 i i i i i 1 1 1 i i i i
8
7
6
2 5
0 4
k*
_
PL
/^® ~/
. /Av/
I I I
0 Anticipated
i i iQuarterly ( II ) OBE-SEC
MACHINERY AND EQUIPMENT*(Manufacturing Firms)
_ _
New Orders i
-
——•"""
i i M i 1 i i i i iMonthly (Jon.) Trade Sources & OBE
Million Units
PERSONAL SAVING RATE*
-
^*^^y^
i i i1968 1969 1967
Quarterly ( IV ) OBE
-
-
"VI I I I I I
2.5
2.0
1.5
1.0
.5
XA •••i/*—Y^/
Shipments
. 1 1 1 1 1. M . .
-
—
1 1 1 1 i 1 1 1 1 i iMonthly (Dec.) Census
PRIVATE NONFARM HOUSING**
-
J\
^^\+
i i i i i 1 i 1 1 i i1968 1969 1967
Quarterly ( IV ) OBE
-
Starts
/AVKA•/x~rPermits
i 1 1 1 1 i 1 1 1 1 i 1 1 i i i 1 1 1 1 i i1968 1969
Monthly (Dec.) Census
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce. Office of Business Economics
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February 1869 SURVEY OF CURRENT BUSINESS
* December inventory rise (book value) was below October-November average• Fourth quarter net exports (revised) showed sharp deterioration
Fourth quarter balance of payments was favorable by $960 million (liquidity basis)
INVENTORIES FOREIGN TRANSACTIONS GOVERNMENT
Billion $
40
30
20
0
Billion $
CHANGE IN BUSINESS INVENTORIES**(GNP Basis)
-
_
i.ilBillion $
170
160
150
140
130
-
_
Ifll
till i 1 i
12
8
4
4
NET EXPORTS**
Billion $
Goods and Services/
_.^~--\Y\ \
v/'*Merchandise
J L L
_
s\\^0S \.
— s\
1 1 1 1 1 1
140
120
100
Oft
60
FEDERAL PURCHASES OFGOODS AND SERVICES**
r- -
Total
\ ^^»-_^^^f^^
*******~*^**^
--* Defense
i i i i i i l I \Quarterly ( IV ) QBE Quarterly ( IV ) QBE Quarterly ( IV ) QBE
Billion $
MANUFACTURING AND TRADE INVENTORIES*(Book Value, End of Month)
—
Tot- '
>/|
i 1 1 1 1 1 1 1 1 i i
Billion $
120
100
on
60
40
-
if /\ _/
^
1 1 1 1 1 1 1 1 1 j |
-
-
1 1 1 1 1 1 M 1 M
3.5
3.0
2.5
2.0
1.5
Billion $
MERCHANDISE TRADE*
Exports
A \/sg
x"\ /•%/*"
1 M M 1 i 1 1 1 1
Monthly (Dec.) Census & QBE
Billion $
MANUFACTURING AND TRADE INVENTORIES*(Book Value, End of Month)
_ —
ManufacturingV
•** """
II 1 I 1 1 t 1 1 1 1
Ratio
2.0
1.8
1 A
1 4
1.2
r~" — "~
\*Trade
1 l ! 1 1 I 1 1 1 1 1
-
1 i 1 M i 1 1 1 1
4
2
-2
4
AJkh>
Py^ rNJImports
i i 1 l l 1 JLl 1 JJ
-
-
l l t l i 1 l i l 1 1
4
3
2
1
0
DEFENSE PRODUCTS*
New Orders
yv ^Sflf\A£
\/ \Shipmen
I I 1 1 1 1 1 1 t 1 1 1 1 1 M 1 t 1 i I 1
-
ts
1 1 1 1 1 1 1 1 1 1 iMonthly (Dec.) Census Monthly (Dec. Census
Billion $
NET FLOW OF PRIVATE U.S. AND FOREIGN CAPITAL(Other than Liquid Funds)*
_
Inflow
^ O u t f l o w A
^^^-^_
i i iMonthly (Dec.) Census & QBE
Billion $
INVENTORY/SALES RATIOS*
-^Vv
1 1 1 1 1 1 1 1 1 1 1
1967
Manufacturir
^<^j
^ Total
lg
Manufacturing and Trade
M 1 1 1 1 1 1 1 M 1 1 M 1 1 1 M 1
4
2
Q
_2
4
_
y^
1 ^^
1 1 1
-
1 1 1
225
200
150
125
FEDERAL BUDGET**(NIA Basis)
_
Expenditures /**^/"""**
\ .•••••*1x'x/'* Defici y \
~— — *" *" Receipts
i l l l i t
—
i i iQuarterly ( III ) QBE Quarterly ( IV )( III ) QBE
Billion $
BALANCE OF PAYMENTS*
Official Reserve Transactions Ba
*\/1 y£./ \
i i i1968 1969 1967
(Liquidity Basis
i i i
sis
i i i
150
125
i nn
75
50
STATE AND LOCAL PURCHASESOF GOODS AND SERVICES**
- — ri l l i l l i i i
1968 1969 1967 1968 1969Monthly (Dec.) Census & QBE
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
Quarterly (|v) QBE
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
8 SURVEY OF CURRENT BUSINESS February 1969
• In January— Expansion in bank credit and money supply slowed in January• —Interest rates and bond yields averaged higher• —Negative free reserves (net borrowed reserves) increased sharply again
INDUSTRIAL PRODUCTION MONEY, CREDIT, AND SECURITIES MARKETS PROFITS AND COSTSIndex
190
180
170
160
150
Index
200
175
150
125
100
Perc
95
90
85
80
75
Billic
36
32
28
24
20
1957-59=100
INDUSTRIAL PRODUCTION*
Durable Manufactures
\ '~ \'*rZ*/-
~\™iA$*»,„... /****
1 1 1 *M¥\ MM
Nondural
I i M i 1 t I t i t
-
le Manufactures
M M 1 1 1 M t 1
Monthly (Dec.) FRB
1957-59=100
INDUSTRIAL PRODUCTION*
Autos fc
A *; ( ;,\ V
1 1 M t 1 M | 1 |
r^-\\ ^
<\Steel I I
M M 1 1 M 1 M
-
M i M 1 i t M 1
Monthly (Dec.) FRB
ent
RATIO, OUTPUT TO CAPACITY*
Manufacturing
1 I | 1 I 1 1 1 t
Quarterly ( IV ) FRB
>n $
DURABLE GOODS MANUFACTURERS*
New Order:
\/i55/tf^
M 1 M 1 M M 1
, /.%
L/^^w
Shipr
M 1 M 1 M t 1 1
nents
M M 1 i M I M
1 967 1 968 1 969
Billion
460
420
380
340
300
Bill
2
1
0
-1
-2
Perc
10
8
6
4
2
1941
140
120
100
80
60
$
BANK CREDIT AND MONEY SUPPLY*
Bank Credit(left scale) - r
-?s^1 I 't I 1 I } M t
on $
Money Supply(right scale)
I 1 1 I 1 1 1 1 1 1 1 M Ml i M M 1
Monthly (Jan.) FRB
FREE RESERVES
-
y^^N
1 1 1 1 I ! M M 1
ent
-
t M M 1 1 M 1 1 M M 1 1 M M 1
Monthly (Jan.) FRB
INTEREST RATES AND BOND YIELDS
Corporate Yields, Moody's Aaa
\ ,...-/
M I t 1 1 M M t
43=10
3-month Treasury Bills
1 M M 1 t M 1 t M 1 t M* M M 1
Monthly (Jan.)
STOCK PRICES
Standard and Poor's (500)
"/"H1 M M 1 1 1 1 1 1
1967
Monthly (Dec.) Census
Vvy-s/^
1 M M 1 M 1 M 1 t 1 M 1 M M i
1968 1969
Billion
240 120
220 100
200 80
180 60
160 40
Billion
120
100
80
60
40
Per
6
4
2
0
2
Per
6
4
2
0
-2
$
CORPORATE PROFITS**
Before Tax and Including IVA
i i i t i l i i iQuarterly ( III ) QBE
$
CORPORATE INTERNAL FUNDS AND PROFITS**
-
Internal Funds
Profits After Taxes
i i t i i i i l lQuarterly ( III ) QBE
cent
OUTPUT AND COMPENSATION PER MAN-HOUR,PRIVATE ECONOMY*
- (Change From Previous Quarter)
Output Compensation
jiilJlJli ilili i i . i i i i i i .
Quarterly ( III ) BLS
cent
UNIT LABOR COSTS, PRIVATE ECONOMY*(Change From Previous Quarter)
l.in.ii i i i i i i i i
1967 1968 1969Monthly (Jan.) Quarterly ( III ) BLS
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SUKVEY OF CUEKENT BUSINESS
NATIONAL INCOME AND PRODUCT TABLES
1967 1968
1967
III IV I
1968
II III IV
Seasonally adjusted at annual rates
Billions of current dollars
1967 1968
1967
III IV
1968
II III IV
Seasonally adjusted at annual rates
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
Personal consumption expenditures
Durable goods.. _ _ _ _ _ _ _ _Nondurable goodsServices _ _ _ _
Gross private domestic investment
Fixed investment _ ._
Nonresidential. _ __ _ _ .Structures _Producers' durable equipment .
Residential structuresNonfarmFarm __
Change in business inventoriesNonfarm _. _ _ _ _ _ _Farm... _ _ _ _
Net exports of goods and services _ _
Exports _ _Imports.. _ _ __ ._ _
Government purchases of goods and services
"Federal _ _National defense __ __ _Other
State and local _
789.7
492 2
72.6215.8203.8
114 3
108.2
83.627.955 7
24 624 0
6
6 15 6.5
4 8
45 841 0
178 4
90 672 418 2
87 8
860.6
533.8
82.5230.3221.0
127.7
119.9
90.029.260 8
29 929 3
.6
7 77 3.5
2.0
50 048 1
197 2
100 078 921 1
97 2
795.3
495 5
73.1216 4205.9
114 7
109.3
83 327.755 6
26 025 4
6
5 34 8
6
5 4
46 140 6
179 6
91 372 918 4
88 4
811.0
502 2
74.2218 4209.6
121 8
113.5
85 027.757 3
28 527 9
6
8 37 11 2
3 4
46 042 6
183 5
93 574 619 0
90 0
831.2
519 4
79.0226 5213 9
119 7
117.6
88 629 659 0
29 128 5
6
2 11 6
4
1 5
47 546 0
190 5
97 176 820 3
93 4
852.9
527 9
81.0228.2218.7
127 3
116.5
87 028.558 5
29 528 9
6
10 810 4
4
2.0
49 947 9
195 7
100 079 021 0
95 6
871.0
541 1
85.1232 7223 4
127 1
119.6
90 128.861 3
29 528 9
6
7 57 3.1
3 3
52 649 4
199 6
101 279 621 5
98 4
887.4
546 8
85.1233 7228.0
136 6
126.0
94.329.964 5
31 631 0
6
10 69 7
9
1 0
50 149 1
203 0
101 780 021 7
101 2
673 1
430 5
72.4191 1167.0
99 5
93.6
73 722.651 1
19 919 5
5
5 95 3
6
2 4
41 839 3
140 7
74 8
65 9
706.7
450.9
80.1197 1173 7
106.9
99.8
76 822.554 3
23 122 6
5
7 16 6
5
— 3
45 345 6
149 2
79 3
70 0
675.6
431 8
72.6191.1168.1
99 3
94.0
73 222.251 0
20 820 3
5
5 24 5.7
3 1
42 l39 1
141 4
75 6
65 8
681.8
434 1
73.0191.6169.5
104 7
96.7
74.022.152 0
22 722 2
.5
8 06.71.3
1.0
41 940 9
142 0
75 6
66 4
692.7
444 9
77.3196 5171.0
101 5
99.5
76.523.453 0
23 022 6
.5
2 01.6.4
— 1
44 044.1
146 5
78 1
68 4
703.4
447 5
78.9196.1172.6
107.3
97.4
74.522.152 4
22 922 5
.5
9.99.6.4
-.6
44.745.4
149.2
80 1
69.1
712.3
455.7
82.5198.5174.8
105.8
99.0
76.621.954.7
22.421.9
.5
6.86.6.1
.7
47.646.9
150.1
79.5
70.6
718.4
455.4
81.7197.3176.4
113.1
103.5
79.622.657.0
23 923.4
.5
9.68.8.9
-1.3
44.946.2
151.2
79.3
71.8
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales _Change in business inventories
Goods output _ _ _
Final sales _Change in business inventories
Durable goods _Final sales ___Change in business inventories
Nondurable goods _Final salesChange in business inventories _
Services _
Structures
789 7
783 66.1
396 9
390 86 1
159 3156 4
3 0
237 6234 5
3 1
314 8
77 9
860 6
852 97 7
430 8
423 17 7
176 7172 2
4 6
254 1250 9
3 2
342 7
87 1
795 3
789 95 3
398 9
393 65 3
161 1157 3
3 8
237 8236 2
1 6
317 5
78 8
811 0
802 78 3
404 8
396 58 3
164 1159 9
4 2
240 7236 6
4 1
324 7
81 1
831 2
829 12 1
414 9
412 82 1
168 2166 7
1 5
246 7()AR 1
6
q«»A A
OK 0
852.9
842 110 8
428 4
417 610 8
175 3169 1
6 2
253 1948 K
4 6
090 9
OK A
871 0
863 57 5
436 9
429 57 5
180 0175 1
4 9
256 9f)KA A
2 5
•M7 c
86 4
887 4
876 810 6
443 0
432 410 6
183 3177 8
5 6
259 7OK4. c
5 0OEO 7
90 7
673 1
667 25 9
361 0
355 15 9
150 3147 6
2 7
210 7907 *>
3 2
249 6
A2 I
706 7
699 67 i
380 3
373 27 i
162 1158 0
4 1
218 291 c o
3 0
260 0
66 4
675 6
670 45.2
361 9
356 75 2
151 6148 2
3 4
210 2208 5
1 8
251 2
62 5
681.8
673 88.0
364 4
356 48.0
152 8149 0
3 8
211 6207 5
4.1
253 2
64 2
692.7
690 72.0
370 4
368 42.0
155 9154 5
1 4
214 5213 9
.6
255 1
67 2
703.4
693 59.9
379 2
369.39.9
161 2155 6
5.6
218 0213 7
4.3
258.7
65 5
712.3
705.56.8
384.7
378.06.8
164.9160.5
4.4
219.8217 4
2.4
262.3
65.2
718.4
708.79.6
386.8
377.29.6
166.5161. 5
5.0
220.3215 7
4.7
263.7
67.8
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
BusinessNonfarmFarm
Households and institutions
Rest of the world
General government
789 7
704 8
737 2712 224 2
22 3
4 6
84 8
860 6
766 3
737 2712 225 o
24 o
5 o
94 3
795 3
m o
COO A
658 024 4
22 5
5 0
85 4
811 0
m o
fiQ4 1
669 424 g
22 9
5 3
00 £
831 2
74fl ^
710 Acoo i
94 3
23 5
4 4QA 0
852 9
71Q Q
79A o7Ofi 194 7
24 2
4 9
no A
871 0TJK n
74 £, fi79ft 9
OK K
24 2
5 2
% A
887 4
78Q 8
7fifl 17°»4 R
25 5
24 2
5 g
Q7 A
673 1
R14 n
£.04 nKAQ Q24 i
15 5
4 5rq A
706 7
fi44 7
coo c
CQQ 7
23 9
16 1
4 Q
00 A
675 6
616 0
595 6571 224 4
15 6
4 9
rq c.
681 8
621 7
600 8576 3
24 5
15 7
5 2
60 1
692 7
631 8
611 4587 823 6
16 1
4 3
60 9
703.4
641 6
620 5596 224 3
16.3
4 8
61 8
712.3
649 7
628 5604 524.0
16.2
5.1
62.6
718.4
655.5
634 0610.124.0
16.0
5.5
62.9
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
10 SURVEY OF CURRENT BUSINESS February 1969
1967 1968*
1967
III IV
1968
I II III IV P
Seasonally adjusted at annual rates
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,and Personal Income (1.9)
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 ofgovernment enterprises .
Equals : National income
Less: Corporate profits and inventoryvaluation adjustment
Contributions for social insur-ance
Wage accruals less disburse-ments - ...
Plus: Government transfer paymentsto persons . . . . .
Interest paid by government(net) and by consumers
Dividends ...Business transfer payments
Equals: Personal income
789.7
69.2
720.5
69.63.1
—3 5
1.6
652.9
80 4
41 9
.0
48.6
23.622.9.3.1
628.8
860.6
74.3
786.3
75.83.3
-4.8
.7
712.8
89.2
46.9
.0
55.3
25.924.63.3
685.8
795.3
70.0
725.3
70.13.2
—3 4
1.5
656.9
80 2
42.1
.0
48.9
23.523.53.2
633.7
811.0
71.1
739.8
71.23.2
—4 2
1.3
670.9
82 3
43 0
.0
49.7
24.222.53.2
645 2
831.2
72.3
758.8
72.83.2
—4.7
.5
688.1
83 8
45.8
.0
52.5
24.923.63.2
662 7
852.9
73.7
779.1
74.83.3
-3.6
.7
705.4
89 2
46.5
.0
55.0
25.724.43.3
678 1
871.0
74.9
796.1
76.73.3
-5.3
1.0
722.5
91 6
47.4
.0
56.3
26.225.23.3
694.3
887.4
76.2
811.2
79.03.3
.6
47.8
.0
57.5
26.725.43.3
708.2
Table 5.—Gross Auto Product in Current and Constant Dollars(1.15, 1.16)
Gross auto product 1_._
Personal consumption expenditures .Producers' durable equipmentChange in dealers' auto inventories..
Net exports.ExportsImports _
Addenda:
New cars, domestic 2_.New cars, foreign. .
Gross auto product * _ _ _
Personal consumption expenditures .Producers' durable equipmentChange in dealers' auto inventories..
Net exports. ..ExportsImports
Addenda:
New cars, domestic 2 _ _New cars, foreign
Billions of current dollars
29.0
24.94.4-.5
—.11.61.7
25.92.9
35.7
30.15.3.8
-.72.12.8
32.24.3
29.3
25.44.5
-1.0
.11.91.8
26.03.1
31.3
25.34.51.4
-.21.82.0
28.03.4
33.7
28.45.0.6
-.61.62.2
30.04.0
36.1
29.05.12.3
-.52.32.9
32.84.2
36.1
31.65.6-.6
72! 43.1
33.14.0
36.9
31.35.5.9
-1.02.13.1
33.14.9
Billions of 1958 dollars
29.0
24.84.4-.5
0.01.71.7
26.42.9
34.8
29.25.2.8
-.62.12.7
32.04.1
29.2
25.24.5
-1.0
.21.91.7
26.43.0
30.7
24.84.41.4
-.11.81.9
27.93.3
33.0
27.75.0.6
-.51.62.1
29.93.9
35.4
28.35.12.3
-.42.32.8
32.74.1
35.2
30.75.5-.6
-.62.43.0
32.83.9
35.7
30.15.4.8
-.92.02.9
32.54.7
1967 1968*
1967
III IV
1968
I II III IV*
Seasonally adjusted at annual rates
Billions of dollars
Table 6.—National Income by Type of Income (1.10)
National income
Compensation of employees
Wages and salaries
PrivateMilitaryGovernment civilian
Supplements to wages and salaries. ..Employer contributions for social
insurance _
Other labor incomeEmployer contributions to pri-
vate pension and welfare fundsOther
Proprietors' income . ... ...
Business and professional _Income of unincorporated enter-
prisesInventory valuation adjustment
Farm
Rental income of persons
Corporate profits and inventory valua-tion adjustment
Profits before tax
Profits tax liabilityProfits after tax
DividendsUndistributed profits .
Inventory valuation adjustment
Net interest.
652.9
468.2
423.4
337.116.370.0
44.8
21.5
23.3
19 53.8
60.7
46.3
46.6— 3
14.4
20.3
80.4
81.6
33 548.122.925.2
-1.2
23.3
712.8
513.6
463.5
367.218.378.1
50.1
23.9
26.1
62.9
47.8
48.4—.6
15.1
21.0
89.2
92.3
41.351.024.626.4
-3.1
26.3
656.9
471.5
426.3
339.416.170.8
45.2
21.6
23.7
61.2
46.6
14.6
20.4
80.2
80.8
33.247.623.524.1
-.6
23.6
670.9
482.7
436.4
346.017.173.3
46.2
22.1
24.2
61.1
46.8
14.3
20.5
82.3
85.4
35.150.322.527.9
-3.1
24.3
688.1
496.8
448.3
355.717.575.2
48.4
23.5
25.0
61.8
47.2
14.6
20.7
83.8
88.9
39 849.123.625.5
-5.1
25.0
705.4
507 1
457.6
362.817.877.0
49.4
23.7
25.7
62.6
47.8
14.8
20.9
89.2
91.8
41.150.724.426.3
-2.7
25.8
722.5
519.7
469.0
370.918.979.1
50.7
24.2
26.5
63.4
48.0
15.4
21.0
91.6
92.7
41.551.225.226.0
-1.0
26.7
530.7
479.0
379.218.881.1
51.7
24.4
27.3
63.7
48.2
15.5
21.2
25.4
-3.8
27.6
Table 7.—National Income by Industry Division (1.11)
All industries, total _ . .
Agriculture, forestry, and fisheriesMining and construction . .Manufacturing
Nondurable goods .Durable goods
Transportation _.C ommunicationElectric, gas, and sanitary servicesWholesale and retail trade
Finance, insurance, and real estateServicesGovernment and government enter-
prisesRest of the world
652.9
21.439.7
196.675.8
120.8
26.113.112.996.8
70.977.0
93.64.6
712.8
22.542.8
215.683.0
132.7
28.014.314.0
105.5
77.383.3
104.55.0
656.9
21.639.7
196.675.9
120.7
26.313.213.197.9
71.577.7
94.35.0
670.9
21.440.3
201.077.6
123.4
26.513.313.299.7
73.079.2
98.05.3
688.1
21.941.3
207.780.1
127.7
27.313.713.5
101.8
74.581.3
100.54.4
705.4
22.242.6
214.482.1
132.3
27.913.713.6
104.5
76.282.6
102.84.9
722.5
22.942.9
218.284.2
134.0
28.214.614.4
107.2
78.684.0
106.35.2
Table 8.—Corporate Profits (Before Tax) and Inventory ValuationAdjustment by Broad Industry Groups (6.12)
udes g°vernment purchases, which amount to $0.2 billion
p'Prelimina?m gr°SS aUt° product total by the m&rkup on both used cars and foreign cars.
All industries, total
Financial institutions . ...
MutualStock
Non financial corporations
Manufacturing.. . .Nondurable goodsDurable goods
Transportation, communication,and public utilities
All other industries
80.4
10.3
1.98.4
70 1
39.218.021.2
11.819.0
89.2
11.5
77.7
44.319.924.4
12.820.6
80.2
10.3
69.9
38.517.920.6
12.019.4
82.3
10.6
71.7
39.918.021.9
11.920.0
83.8
11.0
72.9
41.319.022.3
12.519.0
89.2
11.2
77.9
44.919.725.2
12.520.6
91.6
11.9
79.7
45.320.325.0
13.021.4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CUEEENT BUSINESS 11
1967 1968'
1967
III IV
1968
I II III IV P
Seasonally adjusted at annual rates
Billions of dollars
Table 9.—Gross Corporate Productl (1.14)
Gross corporals product
Capital consumption allowancesIndirect business taxes plus transfer
payments less subsidies _ _ _ _
Income originating in corporate busi-ness
Compensation of employees _ _Wages and salariesSupplements
Net interest -
Corporate profits and inventoryvaluation adjustment
Profits before taxProfits tax liabilityProfits after tax
Dividends ._Undistributed profits
Inventory valuation adjustment..
Cash flow, gross of dividendsCash flow, net of dividends.- _- ._
Gross product originating infinancial institutions
Gross product originating innonfinancial corporations -
Capital consumption allowancesIndirect business taxes plus transfer
payments less subsidies
Income originating in nonfinancialcorporations __
Compensation of employeesWages and salaries . _Supplements
Net interest
Corporate profits and inventoryvaluation adjustment
Profits before taxProfits tax liability _ _Profits after tax
DividendsUndistributed profits
Inventory valuation adjustment. _ _
Cash flow, gross of dividendsCash flow, net of dividends
Gross product originating innonfinancial corporations
Current dollar cost per unit of1958 dollar gross productoriginating in nonfinancialcorporations 2
Capital consumption allowances.Indirect business taxes plus transfer
payments less subsidiesCompensation of employeesNet interest... _
Corporate profits and inventory valu-ation adjustment
Profits tax liabilityProfits after tax plus inven-
tory valuation adjustment- .
453.1
43.4
40.6
369.0
293.3260.832.4
-1.0
76.878.033.544.521.323.1
-1.2
87.966.6
20.0
433.0
42.2
38.8
351.9
277.0246.830.2
8.5
66.467.628.838.820.118.8
-1.2
81.161.0
496.0
47.1
44.4
404.5
320.2283.936.3
-.8
85.188.341.347.022.924.1-3.1
94.171.2
23.1.
472.9
45.8
42.5
384.6
301.8268.033.8
9.2
73.676.835.741.121.619.5-3.1
86.965.3
455.6
44.1
41.0
370.5
295.3262.532.8
-1.0
76.276.833.243.621.721.9-.6
87.766.0
20.3
435.3
42.9
39.2
353.3
278.7248.130.6
8.6
65.966.528.438.120.517.6-.6
80.960.5
464.6
44.9
41.6
378.1
300.9267.533.4
-.9
78.181.235.146.120.625.5-3.1
91.070.4
20.9
443.7
43.7
39.7
360.3
283.9252.831.1
8.9
67.570.630.240.419.421.0-3.1
84.064.6
477.7
45.7
42.6
389.4
309.9274.935.1
-.8
80.385.439.845.622.023.6-5.1
91.369.3
21.7
455.9
44.4
40.7
370.8
292.5259.832.7
9.0
69.374.434.539.920.719.2-5.1
84.363.6
491.1
46.7
43.7
400.7
316.3280.435.8
-.8
85.287.941.146.822.824.0-2.7
93.570.8
22.5
468.6
45.4
41.8
381.4
298.3264.933.4
9.1
74.076.635.641.021.419.6
-2.7
86.565.0
503.0
47.6
45.0
410.4
323.7286.936.8
-.8
87.588.641.547.123.423.7
-1.0
94.771.3
23.9
479.0
46.3
43.0
389.8
304.9270.734.2
9.3
75.676.635.741.022.018.9
-1.0
87.265.2
48.5
46.4
330.8293.337.5
-.8
-3.8
47.1
44.3
311.4276.634.8
9.4
-3.8
Billions of 1958 dollars
392. 3t 416.3 393.4 397.2 405.9 413.5 420.8
Dollars
1.104
.108
.099
.706
.022
.169
.073
.096
1.136
.110
.102
.725
.022
.177
.086
.091
1.107
.109
.100
.708
.022
.168
.072
.095
1.117
.110
.100
.715
.022
.170
.076
.094
1.123
.109
.100
.721
.022
.171
.085
.086
1.133
.110
.101
.721
.022
.179
.086
.093
1.138
.110
.102
.725
.022
.180
.085
.095
1. Excludes gross product originating in the rest of the world.2. This isequal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.3. Personal saving as a percentage of disposable personal income.v Preliminary.
1967 1968
1967
III IV
1968
I I[ III IV
Seasonally adjusted at annual rates
Billions of dollars
Table 10.—Personal Income and Its Disposition (2.1)
Personal income .
Wage and salary disbursementsCommodity-producing industries ._
Manufacturing.Distributive industriesService industriesGovernment
Other labor income
Proprietors' incomeBusiness and professionalFarm _
Rental income of personsDividends..Personal interest income ._ _ _
Transfer payments.Old-age, survivors, disability, and
health insurance benefitsState unemployment insurance
benefitsVeterans benefitsOther...
Less: Personal contributions forsocial insurance _ _ _ _ _ _
Less: Personal tax and nontax pay-ments
Equals : Disposable personal income. _ .
Less: Personal outlaysPersonal consumption expenditures-Interest paid by consumersPersonal transfer payments to for-
eigners
Equals: Personal saving. __.
Addenda:Disposable personal income :
Total, billions of 1958 dollarsPer capita, current dollarsPer capita, 1958 dollars...
Personal saving rate,3 percent .. _ ._
628.8
423.4166.6134.1100.570.086.3
23.3
60.746.314.4
20.322.946.8
51.7
25.7
2.16.6
17.3
20.4
82.5
546.3
506.2492.213.1
.8
40.2
478.02,7442,401
7.4
685.8
463.5180.6145.4109.477.296.3
26.1
62.947.815.1
21.024.652.1
58.6
30.3
2.17.2
19.1
22.9
96.9
589.0
548.2533.813.7
.7
40.7
497.52,9282,473
6.9
633.7
426.3167.1134.6101.470.886.9
23.7
61.246.614.6
20.423.547.2
52.1
26.0
2.26.5
17.3
20.6
83.6
550.0
509.5495.513.2
.8
40.5
479.52,7582,404
7.4
645.2
436.4170.5137.1103.172.490.4
24.2
61.146.814.3
20.522.548.5
52.9
26.4
2.06.8
17.7
20.9
85.6
559.6
516.1502.213.3
.7
43.4
483.72,7982,418
7.8
662.7
448.3175.6141.2105.674.592.6
25.0
61.847.214.6
20.723.649.8
55.7
28.2
2.27.0
18.4
22.3
88.3
574.4
533.5519.413.4
.7
40.8
491.82,8662,454
7.1
678.1
457.6178.6143.8108.076.294.8
25.7
62.647.814.8
20.924.451.4
58.3
30.5
1.97.1
18.8
22.8
91.9
586.3
542.3527.913.6
.8
44.0
497.12,9182,474
7.5
694.3
469.0181.6146.7111.178.298.1
26.5
63.448.015.4
21.025.252.9
59.5
30.9
2.17.2
19.3
23.2
101.6
592.7
555.6541.113.8
.7
37.1
499.22,9422,478
6.3
708.2
479.0186.4149.9112.979.999.8
27.3
63.748.215.5
21.225.454.3
60.8
31.6
2.07.3
19.8
23.4
105.8
602.4
561.6546.814.0
.7
40.9
501.72,9822,483
6.3
Table 11. — Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expendi-tures
Durable goods
Automobiles and partsFurniture and household equipment-Other
Nondurable goods
Food and beveragesClothing and shoes. _Gasoline and oilOther _. _- _ .
Services.
Housing ._Household operation.. _ _ _TransportationOther
492.2
72.6
30.431.410.9
215.8
109.442.118.146.2
203.8
70.929.015.088.9
533.8
82.5
36.634.311.7
230.3
116.645.819.848.1
221.0
76.231.216.697.0
495.5
73.1
31.031.410.8
216.4
109.142.818.346.2
205.9
71.229.215.190.4
502.2
74.2
31.431.811.1
218.4
110.842.318.646.7
209.6
72.229.915.592.0
519.4
79.0
34.633.311.1
226.5
113.644.619.748.5
213.9
74.030.316.293.3
527.9
81.0
35.433.911.7
228.2
116.444.819.447.6
218.7
75.431.016.395.9
541.1
85.1
38.135.411.5
232.7
117.747.220.047.8
223.4
76.931.516.898.2
546.8
85.1
38.234.512.4
233.7
118.646.720.048.5
228.0
78.631.917.1
100.4
Table 12. — Foreign Transactions in the National Income andProduct Accounts (4.1)
Receipts from foreigners .
Exports of goods and services
Payments to foreigners
Imports of goods and services
Transfers to foreignersPersonalGovernment
Net foreign investment..
45.8
45.8
45.8
41.0
3.1.8
2.2
1.7
50.0
50.0
50.0
48.1
2.7.7
2.0
-.8
46.1
46.1
46.1
40.6
3.4.8
2.6
2.1
46.0
46.0
46.0
42.6
2.6.7
1.9
.8
47.5
47.5
47.5
46.0
2.6.7
1.9
-1.1
49.9
49.9
49.9
47.9
2.8.8
2.1
-.8
52.6
52.6
52.6
49.4
2.8.7
2.1
.5
50.1
50.1
50.1
49.1
2.8.7
2.1
-1.8
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
12 SURVEY OF CURRENT BUSINESS February 1968
1967 1968 P
1967
III IV
1968
I II III IV P
Seasonally adjusted at annual rates
Billions of dollars
1967 1968
1967
III IV
1968
I II III IV
Seasonally adjusted
Index numbers, 1958=100
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2) Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Federal Government receipts.
Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax
accrualsContributions for social insurance
Federal Government expenditures
Purchases of goods and servicesNational defenseOther
Transfer payments...To personsTo foreigners (net) _
Grants-in-aid to State and local gov-ernments
Net interest paid
Subsidies less current surplus of gov-ernment enterprises
Surplus or deficit (—), nationalincome and product accounts
151.2 176.9 152.2 156.4 166.6
67.330.9
16.236.8
163.6
90.672.418.2
42.340.12.2
15.7
10.3
79.338.4
17.641.5
182.2
100.078.921.1
47.845.72.0
18.4
11.9
68.230.6
16.337.0
165.1
91.372.918.4
42.940.32.6
15.9
10.2
4.8
-12.9
69.732.4
16.4
168.6
93.574.619.0
42.740.81.9
17.0
10.7
4.6
-12.2
72.037.0
17.040.5
175.1
97.176.820.3
45.143.21.9
17.7
11.3
171.8182.1
74.938.2
17.541.2
181.9 184. 9
100.0 101.279.021.0
47.745.62.1
18.3
11.8
4.1
-10.2
83.738.6
17.842.0
79.621.5
48.746.6
18.5
12.1
4.4
-2.8
86.8
18.142.4
186.9
101.780.021.7
49.547.42.1
19.2
12.3
4.1
Table 14.—State and Local Government Receipts and Expenditures(3.3, 3.4)
State and local government receipts
Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax
accrualsContributions for social insurance...Federal grants-in-aid
State and local government expendi-tures
Purchases of goods and servicesTransfer payments to persons ...Net interest paid _Less: Current surplus of government
enterprises
Surplus or deficit (— ), nationalincome and product accounts
91.9
15.22.6
53 45.1
15 7
93 3
87.88.5.2
3 3
-1.4
102.4
17.62.9
58.25.3
18.4
103 6
97.29.6.3
3 4
-1.2
92.7
15.42.5
53 85.1
15 9
93 8
88.48.6
2
3 3
-1.1
95.5
15.82.7
54 75.1
17 0
95 8
90.09.0
2
3 3
-.4
97.8
16.32.8
55 85.2
17 7
99 5
93.49.2
2
3 4
-1.7
100.8
17.02.9
57 35.3
18 3
101 9
95.69.4
3
3 4
-1.1
103.6
17.92.9
58 95.4
18 5
104 9
98.49.6
3
3 4
-1.3
19.0
60 85.5
19 2
108 2
101.210.0
4
3 5
Table 15.—Sources and Uses of Gross Saving (5.1)
Gross private saving.
Personal savingUndistributed corporate profitsCorporate inventory valuation ad-
justmentCorporate capital consumption
allowancesNoncorporate capital consumption
allowancesWage accruals less disbursements....
Government surplus or deficit (—),national income and productaccounts
FederalState and local..
Gross investment..
Gross private domestic investment -Net foreign investment
Statistical discrepancy.
133.3138.2
40.225.2
-1.2
43.4
25.7.0
-13.8
-12.4-1.4
114.31.7
-3.5
40.726.4
-3.1
47.1
27.2.0
-6.5
-5.3-1.2
116.0126.9
127.7
-4.8
134.1
40.524.1
44.1
25.9.0
-14.0
-12.9-1.1
116.7
114.72.1
-3.4
139.4
43.427.9
-3.1
44.9
26.3.0
-12.5
-12.2-.4
122.6
-4.2
133.6
40.825.5
-5.1
45.7
26.6.0
-10.3
-8.6-1.7
118.7
119.7-1.1
-4.7
141.4137.0
44.026.3
-2.7
46.7
27.0.0
-11.3
-10.2-1.1
-3.6
37.126.0
-1.0
47.6
27.3.0
-4.1
-2.8-1.3
126.5127.5
127.3 127.1.5
-5.3
40.9
:8.5
27.7.0
134.8
136.6-1.8
Gross national product
Personal consumption expenditures
Durable goodsNondurable goods .Services. .
Gross private domestic investment
Fixed investment _
Nonresidential
StructuresProducers' durable equipment. .
Residential structures .Nonfarm-- . . .Farm . _
Change in business inventories
Net exports of goods and services
Exports .Imports
Government purchases of goods andservices . _
FederalState and local ..
117.3
114.3
100.4112.9122.1
115.6
113.5
123.6109.1
123.1123.1122.6
109.5104.2
126.8
121.2133.3
121.8
118.4
103. 1116.8127.2
120.1
117.2
129.7112.0
129.9129.9128.2
110.5105.4
132.1
126.2138.9
117.7
114.7
100.7113.3122.5
116.2
113.8
124.6109.1
124.8124.9123.4
109.3104.0
127.0
120.7134.3
118.9
115.7
101.7114.0123.7
117.4
114.9
125. 5110.3
125.6125.7124.6
109.7104.1
129.2
123.7135.5
120.0
116.8
102.2115.2125.1
118.3
115.8
126.3111.2
126.3126.3125.4
107.9104.3
130.1
124.4136.6
121.2
118.0
102.7116.4126.7
119.6
116.7
128.8111.7
128.9128.9128.4
111.6105.6
131.1
124.9138.4
122.3
118.7
103.1117.2127.8
120.8
117.6
131.3112.1
131.7131.8129.3
110.6105.2
133.0
127.2139.4
123.5
120.1
104.1118.5129.3
121.8
118.5
132.4113.1
132.5132.6129.9
111.6106.3
134.3
128.2140.9
Table 17.—Implicit Price Deflators for Gross National Product byMajor Type of Product (8.2)
Gross national product.
Goods output
Durable goodsNondurable goods..
Services
Structures
Addendum:
Gross auto product.
117.3
110.0
106.0112.8
126.1
124.6
100.0
121.8
113.3
109.0116.5
131.8
131.1
102.5
117.7
110.2
106.2113.1
126.4
126.1
100.5
118.9
111.1
107.4113.8
128.2
127.0
101.9
120.0
112.0
107.9115.0
129.5
127.7
102.1
121.2122.3
113.0
108.7116.1
113.6
109.2116.9
132.5131.1
130.2132,
102.0102.3
123.5
114.5
110.1117.8
134.1
133.8
103.4
Table 18.—Implicit Price Deflators for Gross National Product bySector (8.4)
Gross national product
Private
BusinessNonfarmFarm
Households and institutions .
General government
117.3
114.8
114.1114.7100.7
143.7
143.7
121.8
118.9
118.2118.8104.5
148.9
152.1
117.7
115.2
114.6115.2100.2
143.4
118.9
116.2
115.5116.2101.1
147.6
120.0
117.2
116.5117.1103.2
149.1
121.2
118.4
117.8118.4101.9
150.5
122.3
119.3
118.6119.1106.3
153.4
123.5
120.5
119.9120.4106.5
155.1
p Preliminary.
HISTORICAL DATA
Historical national income and product data are availablefrom the following sources:
1964-67: July 1968 SURVEY OF CURRENT BUSINESS.1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from anyU.S. Department of Commerce Field Office or from the Super-intendent of Documents, U.S. Government Printing Office,Washington, D.C. 20402, price $1.00 per_c_opy).
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
A modest Federal budget surplus isprojected for fiscal 1969 and 1970,following the unusually large deficit offiscal 1968. The budget estimates assumeretention of the 10 percent tax sur-charge and only a small increase indefense spending.
I\. modest surplus in fiscal 1969and 1970 was the principal feature ofthe fiscal 1970 budget submitted toCongress in mid-January. Realizationof the surplus would represent a signifi-cant shift in the Federal fiscal positionfrom 1968, when the largest deficit inthe post-World War II period wasrecorded.
The fiscal 1970 surplus, only thesecond since 1960 on a unified budgetbasis, depends on two major factors:(1) congressional approval of PresidentJohnson's request to extend the in-dividual and corporate surcharge toJune 30, 1970, and (2) the relativelymodest increase in expenditures pro-jected for fiscal 1970.
Retention of the surcharge is themain ingredient in attaining the pro-jected 1970 budget surplus, for in theabsence of this tax, budget receiptswould be reduced by an estimated $9billion. New proposals to raise socialsecurity taxes and postal rates, toimpose new user charges in the field oftransportation, and to extend currentexcise tax rates through calendar 1970have significant effects on the expectedsurplus, but are not essential to itsachievement.
Federal expenditures in the newfiscal year are projected to continuerising but at a slower pace than receipts.The increase in Federal outlays is the
By CHARLES A. WAITE and JOSEPH C. WAKEFIELD
Federal Programs for Fiscal 1970
smallest since before the Vietnambuildup, except for fiscal 1969, whenspending was held down by the manda-tory expenditure controls imposed byCongress. Most of the 1970 advance isestimated to occur in civilian categoriesnot easily controlled such as pensions,public assistance, and medicare. Amongthe other domestic programs, higheroutlays are provided for social securitybenefits and urban assistance. Defensespending is up only slightly, with adecline in Vietnam expenditures offsetby increases in other defense programs.The budget projects a decrease inoutlays for agriculture and space.
Underlying the new budget esti-mates is the assumption that in calendar1969 GNP will reach $921 billion, anincrease of 7 percent as compared withlast year's advance of 9 percent.Personal income is estimated at $736billion—$50 billion more than in 1968—and corporate profits before taxes areprojected to rise from $92 billion to$96 billion. The budget also assumes amoderate slowing of the economicexpansion during the first half of 1969,to be followed by a somewhat strongerpace in the second.
Since the fiscal 1970 budget \vassubmitted during the period of execu-
CHART 8
Federal Fiscal PositionSurpluses estimated for FY 1969 and 1970
Billion $10
5 —
-10
-20 —
-25 —
-30
National Income Accounts (NIA) BasisUnified Budget ExpenditureAccount (excludes net lending)
1963 1964 1965 1966 1967
Fiscal Years
1968 *1969 *1970
*Estimates from "The Budget of the United States for the
Fiscal Year Ending June 30, 1970."
U.S. Department of Commerce, Office of Business Economics
13
330-841 O - 69 - 2
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
14 SURVEY OF CURRENT BUSINESS February 1969
Table 1.—Federal Government Receipts andExpenditures, Fiscal Years 1968-70
[Billions of dollars]
Unified budget:
ReceiptsExpenditures _ . _ _
Surplus or deficit (— ) onexpenditure account
Plus: Net lending (-)— -Equals: Surplus or
deficit (-)
National income accounts:
ReceiptsExpenditures
Surplus or deficit (— )
1968actual
153.7172.8
-19.26.0
-25.2
161.1172. 4
-11.3
1969esti-mate
186.1182.3
3.81.4
2.4
190.0187.3
2.7
1970esti-mate
198.7194.4
4.3.9
3.4
202.3199.6
2.7
Sources: U.S. Bureau of the Budget and U.S. Departmentof Commerce, Office of Business Economics.
tive transition, modifications may resultin budget plans as the new administra-tion redirects programs to its own goalsand objectives. Federal agencies arereviewing their programs in an attemptto lower costs or to offer alternatives.
The remainder of the article analyzesthe swing from deficit to surplus, dis-cusses projected budget patterns overthe next 18 months, examines thechanges in receipts and expendituresfrom fiscal 1969 to 1970 as measured inthe national income accounts, andcompares the unified budget withFederal expenditures and receipts inthe national income accounts.
Major shift toward surplus
The shift to surplus is most evidentin the unified budget where the deficitof $25 billion recorded in fiscal 1968moves to a surplus of $2% billion and$3% billion in fiscal years 1969 and 1970respectively. The swing is less pro-nounced when net lending is excludedfrom unified budget outlays; the result-ing "expenditure account" moves froma $19 billion deficit in 1968 to a surplusof approximately $4 billion in each ofthe next 2 years. An even smaller shiftis expected in the government's fiscalposition as measured in the Federalsector of the national income accounts(NIA). On the NIA basis, the $11%billion deficit of fiscal 1968 is expectedto be followed by a surplus of $2%billion in both 1969 and 1970. Table 1summarizes receipts and expendituresin the budget and in the Federal sector.
Three major factors contribute tothe difference between the estimated$14 billion shift in the NIA as comparedwith the $28% billion swing in the uni-fied budget from 1968 to 1970. The firstis a $5% billion decline in lending,nearly half of which is a result of con-verting three federally sponsored creditagencies from mixed ownership towholly private ownership. These in-clude FNMA secondary market opera-tions, the banks for cooperatives, and
Table 2.—Federal Receipts and Expenditures, National Income Accounts Basis, 1968-70
[Billions of dollars]
Federal Government receipts .__ _
Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accrualsC ontributions for social insurance .
Federal Government expenditures
Purchases of goods and servicesNational defense.Other
Transfer payments.To personsTo foreigners (net)
Grants-in-aid to State and local governmentsNet interest paid-._Subsidies less current surplus of government enter-
prises
Surplus or deficit (— ), national income and productaccounts
Fiscal years
1968actual
161.1
71.634.517.137.9
172.4
95.675.819.8
44.542.42.1
17.410.8
4.1
—11.3
1969estimate
190.0
88.639.318.144.0
187.3
101.579.921.6
50.148.02.1
19.612.0
4.1
2.7
1970estimate
202.3
94.040.219.248.9
199.6
105.682.223.4
54.952.82.1
23.012.2
3.9
2.7
Quarterly, seasonally adjusted atannual rates
Calendar 1968
I
166.6
72.037.017.040.5
175.1
97.176.820.3
45.143.21.9
17.711.3
3.9
—8.6
II
171.8
74.938.217.541.2
181.9
100.079,021.0
47.745.62.1
18.311.8
4.1
—10.2
III
182.1
83.738.617.842.0
184.9
101.279.621.5
48.746.62.1
18.512.1
4.4
-2.8
IV
86.8
18.142.4
186.9
101.780.021.7
49.547.42.1
19.212.3
4.1
Sources: "The Budget of the United States for the Fiscal Year Ending June 30,1970," and U.S. Department of Commerce,Office of Business Economics.
the Federal intermediate credit banks.Much of the remaining decline wouldreflect less reliance by Federal agencieson direct loans, which have an immedi-ate budget impact, and more on privatefinancing through the guaranteeing orinsuring of private funds against loss.
The second factor is an estimated$4% billion reduction in the excess oftax accruals over tax collections. Theshift is mainly in the category of corpo-rate taxes, where liabilities in fiscal 1968were increased by the retroactive taxsurcharge and the boom in profits.Neither influence was fully reflected incash collections, with the result thatthere was a large excess of liabilitiesover collections in the first half of calen-dar 1968. In fiscal 1970, the reverse isprojected—corporate collections are ex-pected to exceed accruals. This islargely because collections will be in-fluenced by some delayed payment ofthe surcharge and by new provisionsfor acceleration of payments that donot affect liabilities. In addition, theproposed speedup in the collection ofthe Federal unemployment tax doesnot affect liabilities or, therefore, NIAreceipts.
The last major factor in the shift is a$4 billion increase in deliveries ofdefense hard goods relative to cashpayments. The expectation of a largeexcess of deliveries over cash paymentsin 1970—about $1% billion—almostcompletely reverses the experience of1968 when payments exceeded deliver-ies by more than $2 billion. Deliveriesgenerally lag expenditures during per-iods of rapid defense expansion andexceed them when programs are atan advanced stage. When programs arewell advanced, the Department ofDefense takes delivery of items largelypaid for through progress paymentsmade in earlier periods.
During the early stages of a defensebuildup, production of military hard-ware with long leadtimes, such asaircraft, is recorded in inventories inthe GNP accounts. When the finaldelivery is made to the Government,defense purchases are increased andinventories decreased, with no changein total GNP.
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February 1969
Budget patterns
Achievement of the budget planwould result in a more restrictive fiscalpolicy this calendar year. Accordingto President Johnson's Council ofEconomic Advisers, a Federal surplusof $5 billion is expected in calendar1969 on an NIA basis, the largestsuch surplus since 1956. This would bea marked contrast to the $5 billiondeficit recorded last year and the$12% billion deficit of 1967.
A particularly large surplus—over$6X billion (annual rate)—is expectedin the first half of 1969; this representsa swing of close to $8 billion from the $1billion deficit recorded in the last halfof calendar 1968. In addition to a pro-jected expansion in expenditures of onlymoderate proportions, two factors in-creasing receipts contribute to this largesurplus position. First, the rise in socialsecurity taxes on January 1, 1969, adds$3 billion (annual rate) to receipts. Sec-ond, extra final settlements on 1968 in-come tax liabilities payable by April 15,1969, are expected to swell personal tax
CHART 9
Changes in Federal GovernmentReceipts (NIA Basis)
Billion $ Change
10 20 30
TOTAL
Personal Taxes
Corporate ProfitsTaxes
Indirect BusinessTaxes
Contributions forSocial Insurance
U.S. Department of Commerce, Office of Business Economics
SUEVEY OF CUKEENT BUSINESS
payments by about $1% billion in thefirst half. The unusually large final set-tlements are a direct result of the sur-charge legislation that raised 1968 taxliabilities 7.5 percent but that did notinstitute the 10 percent increase inwithholding rates until mid-July. Theresulting gap between liabilities andpayments during 1968 must be made upthis spring.
The NIA surplus will diminish atmidyear when personal taxes no longerreflect the unusually high settlementsand when the $2.8 billion Federal payraise becomes effective. Partially off-setting these developments are pro-posals to raise postal rates $% billionand to impose nearly $% billion of newuser charges.
In the first half of 1970, the surplusis expected to expand again, aided sub-stantially by the proposed $5 billion(annual rate) increase in social securitytaxes. Social security benefits, begin-ning with February checks, are alsoexpected to go up about $3% billion(annual rate). Corporate tax liabilitiesare estimated to fall during this period,reflecting the reduction in corporatetax rates in calendar 1970. The budgetassumes a drop in the corporate sur-charge from 10 percent in calendar1969 to 5 percent in 1970.
Federal receipts and expendituresas measured in the national income andproduct accounts for the fiscal years1968-70 are shown in table 2.
Fiscal 1970 Receipts
Federal receipts in fiscal 1970 on anNIA basis are estimated to exceed $202billion, an increase of nearly $12% billionover projected fiscal 1969 revenues.This advance is well below the record$29 billion rise projected for the currentfiscal year when receipts were bolsteredby tax increases.
The distribution of the fiscal 1969-70increase in receipts between that due toeconomic expansion and that due totax changes is markedly different fromthe 1968-69 change, when nearly one-half of the $29 billion rise could beattributed to tax changes. Over $10billion of the 1970 advance can beattributed to the expected growth of
15
output and income from the previousyear. The remaining $2 billion is thenet effect of tax changes in existing lawand new proposals to extend the sur-charge, raise social security taxes, andinitiate or raise certain user charges.The surcharge adds $1% billion less tothe level of receipts in fiscal 1970 thanin the preceeding year (about $11 billionin 1970 as compared with $12% billionin 1969). However, the other tax in-creases, amounting to about $3% billion,more than offset the effect of thesurcharge.
The proposal to extend present excisetax rates on autos and telephone serviceis not a factor in the year-to-year changebut, if approved by Congress, wouldprevent the loss of $% billion of Federalreceipts.
Continued rise in personal taxes
Personal tax and nontax paymentsaccount for nearly $5% billion of thetotal advance in fiscal 1970 receipts.This is the net result of a rise of
CHART 10
Changes in Federal GovernmentExpenditures (NIA Basis)
-10
Billion $ Change
0 10 20
TOTAL
Purchases ofGoods & Services
Transfers
Grants-in-Aid
Other
1969-701968-691967-68
U.S. Department of Commerce, Office of Business Economics
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16 SURVEY OF CURRENT BUSINESS February 1969
more than $6 billion attributable toeconomic expansion and a reduction of$% billion due to the surcharge.
The increase due to expansion comesentirely from withheld income taxesand payments under quarterly declara-tions; together, these are projected torise over $8 billion. This rise is less thanthe previous year's advance, becausethe budget anticipates a slowdown inthe rise in personal income. A declinein final settlements (excluding thesurcharge impact) partially offsets theincrease in withholdings and declara-tions primarily because, under thegraduated withholding system inperiods of growing incomes, a largerpercentage of a year's liability is paidthrough withholding and less throughfinal settlements.
Even though the proposed budgetprojects withholding rates that reflectthe full 10-percent surcharge through-out fiscal year 1970, personal taxesattributable to the surcharge are ex-pected to decline $% billion from fiscalyear 1969. As noted earlier, finalsettlements this spring will be veryheavy because of the retroactive natureof the surcharge; this influence will notbe present in the spring of 1970, andto this extent, final settlements will bemuch smaller at that time.
Personal taxes could be affected by abudget request that the President begiven authority to reduce or repeal theincome tax surcharge subject to con-gressional veto. For the longer run, thebudget revived an earlier proposal thatthe Congress delegate to the Presidentauthority to change regular income taxrates within specified limits.
Small advance in corporate taxes
The removal of the surcharge onJuly 1, 1970, also restricts the fiscal1970 advance in corporate tax liabilities.The estimated $1 billion net increase inthese taxes is the result of a $1% billionadvance attributable to the anticipatedrise in profits, partially offset by a $%billion decline due to the drop in thesurcharge on liabilities from 10 to 5percent on January 1, 1970. The in-crease in projected 1969 profits beforetaxes—4 percent above last year—is
below that recorded in every recentyear except 1967, when profits declined.In line with the general pattern ofeconomic assumptions, calendar 1969profits are projected to fall slightly inthe first half but to rebound in thesecond.
It may be noted that two of thecorporate income tax provisions adopt-ed in mid-1968 affect tax payments butdo not affect receipts in the nationalincome accounts, where these taxes aremeasured on an accrual basis. Theseamendments (applicable to taxableyears beginning January 1, 1968) pro-vided for: (1) an increase from 70 to80 percent in the percentage which acorporation's estimated tax paymentsmust bear to its final liability and (2)the gradual elimination of the presentexemption from estimated tax pay-ment of the first $100,000 of corporatetax liability.
Indirect business tax and nontaxaccruals are expected to rise about $1billion to more than $19 billion. Theincrease reflects a rise of over $% billionprincipally in alcohol, gasoline, andtelephone excise taxes as well as re-tention of present auto and telephonerates—now 7 percent and 10 percentrespectively—through calendar 1970.Under present law, both would bereduced to 5 percent January 1, 1970.Implied in these estimates are a slightdecline in auto sales (including imports)in calendar 1969 and a moderateincrease in 1970.
Another $400 million would comefrom additional user charges, mainly inthe field of transportation. Among theproposed user charges, some of whichhave been recommended before andrejected by the Congress, are higherlevies on diesel fuel, general aviationgasoline, and airline tickets, as well asnew taxes on air freight and generalaviation jet fuel. The charges for usersof airline services would be employedto defray the costs of the planned ex-pansion of the national airways systemand for airport development.
New social security taxes
Social insurance contributions areprojected to continue their rapid rise.
The $5 billion advance over fiscal year1969 would bring total contributions to$49 billion, almost double the level offiscal 1965. About $3% billion of thisadvance is due to changes in socialsecurity financing. Of this, nearly $2billion comes from the proposed increasein the tax rate from 9.6 to 10.4 percentand from an increase in the taxablewage base from $7,800 to $9,000, effec-tive January 1, 1970. In addition,another $1% billion is due to the fullyear effect of the January 1, 1969,increase in tax rates from 8.8 to 9.6percent.
The proposed tax rise moves up by1 year the increase in rates nowscheduled for January 1, 1971; presentlaw calls for no further increase in theearnings base. If approved by Congress,the 1970 changes will mark the fifthstraight year of higher social securityrates or an expanded earnings base. Asmay be seen in table 3, there has beena significant increase in both the ratesand the base during the 1960's.
The remaining increases in social in-surance contributions result mainlyfrom continued growth in the numberof persons and the volume of payrollscovered by social security. Only modestincreases in contributions are expectedin other social insurance programs, suchas unemployment insurance, Federalcivilian retirement, and Governmentlife insurance.
The new proposal to speed up collec-tion of the Federal unemployment in-surance tax—without changing rates—will add nearly $300 million to budgetrevenues. This acceleration will not
Table 3.—Taxable Wages and Tax RatesUnder Social Security, 1960-70
Calendar year
1960-19611962.1963-1965 ._1966
19671968 -19691970
Maximumwage base
$4, 8004,8004,8004,800
6,6007,8007,800
1 9, 000
Employer-employeeOASDHI
payrollrax rate,percent
6.06.257.258.4
8.88.89.6
110.4
1 Proposed.
Source: Social Security Administration, Department ofHealth, Education, and Welfare.
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February 1969 SURVEY OF CURRENT BUSINESS 17
affect NIA receipts since liabilities forthis tax will remain unchanged. Cur-rently, this levy (0.4 percent on thefirst $3,000 of wages) is paid entirely byemployers in January following the yearof liability. The new proposal is to haveemployers pay in quarterly install-ments beginning in calendar 1970.
Fiscal 1970 Expenditures
Federal expenditures as measured inthe national income accounts are pro-jected to rise about $12% billion in fiscal1970, less than the $15 billion advanceforecast for the current fiscal year.Purchases of goods and services—de-fense and nondefense—together withtransfer payments account for morethan three-fourths of the rise.
National defense expenditures—which have risen about $30 billion sincethe Vietnam buildup started—are pro-jected to advance only $2% billion, thesmallest increase in 5 years. Over $2billion of this rise can be attributed tothe military and defense-related civilianpay raises scheduled for July 1, 1969.The remaining $}£ billion is the result oftwo largely offsetting changes—an in-crease of $4 billion in Department ofDefense (DOD) programs not related tothe war in Vietnam and a decline of$3% billion in Vietnam spending.
The reduction in DOD Vietnam costsfrom $29 billion to $25% billion is thefirst since the war began, but is notbased on any assumption about an endto the war or a reduction of Americanforces in Southeast Asia. Rather, thelower fiscal 1970 figure is based onrecent levels of combat activity thathave resulted in fewer losses of aircraftand in less consumption of bombs andground ammunition. In addition, mili-tary construction in Vietnam—such asroads and bases—is expected to decline.
The strength of the Armed Forces inSoutheast Asia is estimated at 639,000,only 5,000 above our present force levelsin that region. Total military personnelby the end of fiscal 1970 is estimated atsomewhat less than 3% million, a declineof about 30,000 made possible mainlyby a reduced need for training personnel.
Strategic forces emphasizedThe $4 billion rise in non-Vietnam
defense outlays centers in procurement,with smaller increases for militarypersonnel costs and research and de-velopment programs. Increased em-phasis is being given to strategic forces,particularly for ballistic missile systems,and for the deployment of the missiledefense system.
An important indicator of futuredefense spending, the request for newobligational authority (NOA), is up$3% billion (excluding the new payraise) over 1969; this is well above theprojected increase in outlays. NOA isthe amount Congress is asked to ap-propriate, but it is not necessarilyreflected in expenditures during thefiscal year.
A significant part of the increase inNOA is for new ship construction, mostof which, because of the lag betweenobligation and delivery, will be recordedas purchases in the years after 1970.In particular, new funds are requestedfor submarines and destroyers used inantisubmarine warfare and a newnuclear-powered attack aircraft carrier.Other increases are recorded in fundsfor multiple warheads for our strategicmissiles, further strengthening of missilesites and for the Sentinel antimissilesystem, which is intended primarily toprovide a defense against a small scaleICBM attack.
Table 4 provides a detailed break-down of the DOD military expendituresin the budget; these outlays differsomewhat in scope and timing fromnational defense purchases in the na-tional income accounts.
Another component of national de-fense purchases, atomic energy outlays,shows a small rise to $2% billion,principally because increases inspending for nuclear weapons and forthe development of naval propulsionreactors offset a decline in purchases ofuranium concentrates.
Nondefense purchases rise
Nondefense purchases are estimatedto rise $1% billion in fiscal 1970, onlyslightly less than the rise from 1968 to1969. Over $% billion can be attributed
to the pay raise. For the remainder,increases in transportation, housing,health, and veterans programs are par-tially offset by declines in agriculturaland space purchases.
The projected decline in agriculture—about $% billion—is mainly in opera-tions of the Commodity Credit Corpora-tion (CCC), which have risen sub-stantially in the last few years. Thereduction is based on the assumptionthat farmers will not produce surplusesas large as in the preceding year.Estimates of smaller crops of wheat andsoybeans and increased utilization offeed grains and soybeans account formost of the decrease.
Space outlays are expected to de-cline—to $4 billion—for the fourthstraight year from the peak of nearly$6 billion in fiscal 1966. The drop ofover $% billion from 1969 occurs al-most entirely in the lunar program,although the budget projection assumesthree manned lunar landings after thefirst U.S.-manned expedition to themoon's surface in calendar 1969.
No new funds were requested foradditional procurement of the hugeSaturn V, the major launch vehicle inthe space program. This means thatno funds would be available to buymore than the 15 Saturns NASA cur-
Table 4.—Defense Department BudgetaryExpenditures, Military Functions andMilitary Assistance, Fiscal Years, 1968-70
[Billions of dollars!
Total
Military personnelOperation and maintenance
Procurement\ircraftMissilesShipsVehicles and ordnanceElectronics and communica-
tionsOther
Research, development, test andevaluation
Construction, militaryFamily housing
Civil defenseMilitary assistanceRevolving and management
funds and other
1968actual
78.0
22.020.6
23.39 52.21 46.4
1.62.2
7.71.3.5
.1
. 7
1.9
1969esti-mate
78.4
23.722.1
24.39.02.91.77.3
1.61.9
7.51.5.6
.1
.6
-2.1
1970esti-
mate l
79.0
24.221.8
23.48.23.21.77.0
1.42.0
7.81.4.6
.1
.5
-.8
i Total does not include amount attributable to the sched-uled military and civilian pay increase.
Sources: "The Budget of the United States for Fiscal Year-Ending June 30,1970," and U.S. Department of Defense.
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18 SURVEY OF CURRENT BUSINESS February 1969
rently expects, to be delivered by late1970 or early 1971.
Among the wide range of other non-defense purchases—about 60 percentemployee compensation—air traffic con-trol operations showed a particularlylarge increase. The budget calls foradding 4,450 persons, mainly air con-trollers, and for expanding the use ofsemiautomated equipment. Anothernonrecurring increase is about $125million for the data gathering andprocessing of the Nineteenth DecennialCensus.
The full year costs of the recent in-crease in executive pay, including thatfor legislators, the judiciary, and otherhigh-ranking Federal officials, affectsonly about 2,200 persons and is esti-mated to add some $22 million to fiscal1970 outlays. The new pay scales be-came effective in February.
Transfers and grants continue up
Government expenditures, in addi-tion to influencing GNP directlythrough purchases of goods and serv-ices, contribute to aggregate demandindirectly through various other typesof outlays such as grants-in-aid, trans-fers, interest payments, and subsidies.Grants-in-aid help finance State andlocal programs, such as for highwaysand education; the other types of out-lays increase private incomes and ex-penditures.
Outlays other than for purchases ofgoods and services are projected to rise
Table 5.—Reconciliation of Unified BudgetDeficit with Federal Deficit, NationalIncome Accounts (NIA) Basis, FiscalYears, 1968-70
[Billions of dollars]
Unified budget surplus or deficit
Plus: Net lending _ .
Equals: Expenditure surplus ordeficit (—) .
Plus: Excess of tax accruals overcollections - - _ .Excess of payments overdeliveriesLoan transactions excludedfrom NIA, but included inexpenditure accountAllother
Equals: Federal surplus or defi-cit (— ) on NIA basis
1968
—25.2
6.0
-19.2
4.6
2.1
1.6-.4
-11.3
1969
2.4
1.4
3.8
.5
-1.8
1.1-.9
2.7
1970
3.4
.9
4.3
.2
-1.8
1.0-1.0
2.7
Source: U.S. Department of Commerce, Office of Busi-ess Economics.
about $8% billion, somewhat less thanthe $9 billion estimated for fiscal 1969.Augmented by a proposed increase insocial security benefits, transfer pay-ments to persons account for nearly $5billion of the rise. Grants-in-aid toState and local governments are ex-pected to advance $3% billion. Theother NIA categories—net interest paid,subsidies (less the current surplus ofgovernment enterprises), and foreigntransfers—show little change onbalance.
The large anticipated increase intransfer payments reflects primarily thecontinued growth of social securityprograms, including medicare. Close to$3K billion of the nearly $5 billionincrease in this category can be at-tributed to the old age, survivors,disability, and hospital insurance(OASDHI) program.
Over $1% billion of the projectedOASDHI rise results from proposednew legislation—effective early in cal-endar 1970—which would increasesocial security benefits for most per-sons by 10 percent, raise the monthlyminimum from $55 to $80, and in-crease from $1,680 to $1,800 the amounta beneficiary might earn without losingbenefits. Because of the disproportion-ate increase in payments at or nearminimum, the overall increase wouldamount to 13 percent. Another $!}{billion results from continued growthin the retirement beneficiary rolls.
More than $% billion of the 1970advance is attributable to medicare,almost entirely in the hospital in-surance program. Over $6% billionwill be spent for medicare in fiscal 1970if the budget projections materialize,or nearly double the costs in fiscalyear 1966, the first year of the program.A rising number of beneficiaries, greaterfrequency of hospitalization, and higherhospital charges account for most ofthis advance. The budget anticipatesthat steps being taken by the Depart-ment of Health, Education, and Wel-fare to stem the rise in medical feeswill hold the increase in the companionmedical insurance program to less than$50 million.
The budget did not include funds fortwo late proposals of the Johnson Ad-
ministration; one to extend medicarebenefits to the disabled and the otherto eliminate the $4 monthly medicalinsurance premium payment. Neitherchange was called for until after fiscal1970. Extending benefits to the disabledwould represent the first extension ofmedicare to persons under 65 years ofage.
Over half of the remaining $1Kbillion increase in personal transfersreflects increases in veterans compensa-tion and pensions and military retiredpay. Average benefits under these pro-grams were increased midway in fiscal1969, and the levels for fiscal 1970reflect the full year costs of these in-creases. The rest is scattered amongmany programs including Federal civil-ian pensions, unemployment insurance,etc.
The fiscal 1970 budget calls for ac-celerated growth in grants-in-aid toState and local governments. Theseoutlays are projected to reach $23billion, an increase of nearly $3%billion, or more than 50 percent abovethe 1968-69 advance, and more thandouble the level of fiscal 1965.
Most of the grant programs—theexceptions are mainly certain programsadministered by the Office of EconomicOpportunity—are scheduled to increase.Public assistance outlays, includingMedicaid, are expected to rise $1%billion, reflecting additional caseloadsfor aid to dependent children, highermedical costs, and increased utilizationof medical services. In fiscal 1970, all50 States will participate in the Med-icaid program, which will serve morethan 10 million persons, a 700,000advance over fiscal year 1969.
Grants for the highway program,which have been essentially stablesince 1965, are. estimated to rise over$l/2 billion in 1970. Proposed legislationfor highway beautification and for thepromotion of safety account for part ofthis advance.
The remaining% $1% billion rise ingrants is distributed over many pro-grams, including large increases forModel Cities ($% billion) and urbanrenewal ($X billion). Grants for health,crime control, manpower programs,
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recreation, and airport development arealso expected to rise sharply. Educationprograms will continue to increase, butat a slower rate than in earlier years.
Of particular interest is a budgetproposal concerning grants for sewagetreatment plants which could sub-stantially increase the impact of thisprogram while minimizing immediatebudget costs. If successful, it mightalso point the way for adoption in otherareas. The budget proposal would allowlocal communities to sell constructionbonds covering entire plant costs, withthe Federal grant—as much as 55percent—paid as the principal pay-ments fall due.
Large decline in debt
Net interest paid will show a verysmall increase—less than $# billion—if budget estimates materialize. Thismarked slowdown—the smallest risesince fiscal 1962—is primarily due tothe anticipated reduction in debt heldby the public. This debt is projectedto fall from $291 billion at the end offiscal 1968 to $273 billion on June 30,1970, thus reducing the average levelof debt outstanding between fiscal 1969and fiscal 1970.
Reflecting the large swing in the Gov-ernment's fiscal position from 1968 to1969, most of the debt reduction is ex-pected to occur during the first 6 monthsof calendar 1969. The budget impliesthat debt held by the public will decline$15 billion in this period, which is inmarked contrast to the $2^ billion in-crease in this debt category during thesame period last year and far greaterthan the typical first-half declines ofearlier years. However, following thepattern of past years, the publicly helddebt is expected to increase seasonallyduring the latter half of 1969.
Contrary to the expected reductionin the debt held by the public, Govern-ment investment accounts—particularlythe trust funds—are projected to in-crease their debt holdings by over $9billion and over $10 billion in fiscal 1969and 1970 respectively. This is a resultof large surpluses expected to be realizedby trust funds, which are required bylaw to invest surpluses in Federalsecurities.
Subsidies (less the current surplus ofgovernment enterprises) are projectedto fall slightly in 1970, largely becauseof a lower postal deficit resulting fromnew proposals to raise postal rates. Con-gress was asked to approve puttingtoday's 6-cent first class mail and 10-cent airmail into a single category at7 cents an ounce. In the new category,letters would be moved by the mostexpeditious means of transport, usuallyby air for distances over 200 miles. Thenew proposals, which also included a1-cent increase in single piece third classmail, were expected to raise nearlybillion, more than offsetting thebillion pay raise for postal workers.
The budget also endorsed creation ofa nonprofit, Government-owned postalcorporation along lines recommendedby the President's Commission on PostalOrganization. If the new plan isadopted, the postal corporation wouldbe empowered to raise money throughbond issues to finance modernization ofthe postal service. Postal revenue,under control of the corporation, wouldbe be used to service the bonds, operatethe postal system, and pay for neededresearch and development.
Other important components of thiscategory, such as agricultural and
maritime subsidies, are projected toshow only minor changes from fiscal1969 levels.
Unified Budget and NIAConcepts
Like last year's budget, the fiscal 1970budget was presented to Congress inthe unified format recommended in late1967 by the President's Commission onBudget Concepts. This format was de-signed to present the Government'sfinancial plan in a clear and compre-hensive manner and to overcome theconfusion of former years when threeconcepts—the administrative, cash, andthe NIA—were utilized.
Generally, the Commission's recom-mendations moved the budget closer tothe concepts used in the national in-come accounts. Moreover, those recom-mendations that have been implementedhave brought the unified budget—par-ticularly the expenditure account—andthe NIA into close conformity in suchareas as agency coverage, the nettingof "market-oriented" receipts, the seg-regation of lending, and the treatmentof participation certificates.
Although all of the Commission'srecommendations have been accepted,
The Distribution of the Budget Dollar (NIA Basis) Fiscal Year 1970
Subsidies Less CurrentSurplus of GovernmentEnterprises 2c
SOURCES OF RECEIPTS
U.S. Department of Commerce, Office of Business Economics
TYPES OF EXPENDITURES
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a few have yet to be implemented inthe budget. Of these, the major one isthe presentation of receipts and ex-penditures on an accrual accountingbasis. The Budget Bureau, the Treas-ury, and the General Accounting Officeare currently working with other Fed-eral agencies to accomplish this goalbut have encountered a number ofdifficult technical problems in establish-ing the new accounting system.
While the Commission recommenda-tions that have been adopted haveresulted in substantial common groundbetween the NIA statement and theunified budget, it must be recognizedthat these two approaches to Govern-ment accounting have a somewhatdifferent focus. As the Government'scomprehensive financial plan, the newbudget serves many purposes—finan-cial, economic, administrative, and in-formative. On the other hand, sincethe NIA statement of Federal receiptsand expenditures is only one part of abroader framework—the national in-come accounts—it must be subject tothe definitions used to synchronize thevarious sectors of the accounts. Conse-quently, with such differences inapproach, there will generally be somedivergence between the two measures.
Budget-NIA reconciliation
The existing differences between thetwo budget concepts can be summarizedin the following major categories: (1)Netting and grossing; (2) timing ofreceipts; (3) timing of expenditures;(4) definition of loans; and (5) all other,including foreign currency transactions,purchases and sales of land, geograph-ical differences, etc. Table 5 shows a-summary reconciliation of the Federaldeficit or surplus, as recorded in theunified budget and in the nationalincome accounts.
By focusing on the deficit, it ispossible to disregard the difference inthe treatment of netting. While thisdifference in treatment is substantial,it does not affect the respective deficits,but only the levels of receipts andexpenditures—about $3% billion eachin fiscal 1970. The Commission's recom-mendations concerning netting didbring the budget nearer the NIA
although the budget is more nearly ona "net" basis. This is due mainly tothe different treatment of Federalcontributions to the Civil Service re-tirement fund. The NIA records thecontribution as an expenditure in theform of employee compensation andas a corresponding receipt under socialinsurance contributions. In the budget,this contribution is excluded from totaloutlays as an interfund transfer, butit is included in the expenditures shownfor individual agencies.
Since all net lending in the unifiedbudget is excluded both from the ex-penditure account deficit of the budgetand from the NIA deficit, the followingdiscussion will focus on the relationshipbetween the last two measures.
First, the two differ in the timing ofreceipts. The unified budget recordsreceipts are on a cash collection basis.In the national income accounts, mosttypes of receipts, such as corporateincome and excise taxes, are recordedon an accrual basis while personal in-come taxes are recorded on a paymentsbasis. In fiscal 1970, NIA receipts areprojected to exceed collections by only$0.2 billion.
Second, the two measures differ inthe timing of expenditures, particu-larly the purchases of goods and serv-ices. The unified budget records ex-penditures in the same way as the earlieradministrative budget, that is, on achecks-issued basis, except for interest,which is recorded on an accrual basis.The NIA statement records most pur-chases on a delivery basis (generallysynchronizing with the timing in therest of the national income accounts),interest on an accrual basis, and most
other expenditures on a checks-issuedbasis. Deliveries are expected to exceedpayments by $1.8 billion in 1970.
Third, although loans are excludedfrom the expenditure account and thenational income account deficits, thetwo differ in their definition of loans.The new budget fully incorporates therecommendation to separate lendingfrom other expenditures, thus recog-nizing the distinction between the fiscaland the financial impact of the Govern-ment's budget. The national incomeaccounts have always recognized thisdistinction and have excluded loansfrom Federal expenditures. The expend-iture account of the budget includesmost foreign loans and those domesticloans whose repayment is contingentrather than mandatory. For example,loans for mineral exploration and stu-dent assistance are included in theexpenditure account of the budget.The NIA excludes all loans, with thesole exception of the CCC "nonre-course" price-support loans, which arerecorded as Federal purchases and asa part of farm income. Loan trans-actions excluded from the NIA butincluded in the expenditure accountare estimated to be $1 billion in fiscal1970.
Finally, there are a number of otherdifferences remaining between thebudget and the NIA, which are com-bined under "all other" in table 5.These include differences in the treat-ment of foreign currency transactions—the NIA records foreign currency whenspent, the budget when it is acquired inexchange for dollars—the purchase ofland, geographical exclusions, and sev-eral other items of lesser importance.
Fixed Business Capital in the United States, 1925-68
THE accompanying tables present a selectionof updated calculations of fixed businesscapital in the United States. The initialreport in this project appeared in the Decem-ber 1966 SURVEY and described how thecalculations were made. Tables presentingnet and gross stocks of fixed business capitalin constant (1958) dollars appeared in theFebruary and December 1967 issues of theSURVEY. This 1969 updating incorporates therevised estimates of investment in producers'
durable equipment and nonresidential struc-tures for 1965, 1966, and 1967 as publishedin the July 1968 SURVEY as well as preliminaryestimates for 1968.
Several changes were made for the presentproject. The calculations for structures basedon 85 percent of Bulletin F service lives havebeen revised. Formerly, service lives forstructures of approximately 80 percent ofBulletin F were used for both the 75 percentand 85 percent of Bulletin F variants. The
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969
new calculations are based on service lives thatare actually 85 percent of Bulletin F. As aresult, in the accompanying tables the figuresfor structures and aggregates that includestructures have been changed for all years.
The calculations based on service livesof 75 percent, 115 percent, and 125 percentof Bulletin F, which were a part of the 1966and 1967 capital stock calculations, were notupdated because of the limited interest inthese tabulations. The variants valued athistorical cost were also omitted. As in theDecember 1967 updating, the tabulations forthe basic and flat service life distributions andthe sum of the years' digits depreciation wereomitted.
A new feature of the project is a set ofcalculations of the age composition of grossstocks for each year. It is shown in thetabulations as a cumulative distribution forages 1 through 10 years and then at 5-yearintervals up to 35 years. Separate data onthe age composition are shown for each ofthree major industry divisions and each type
SURVEY OF CURRENT BUSINESS
of equipment and structure. The calculationswere made for the constant dollar grossstocks variant that is based on 85 percentof Bulletin F service lives. The use of BulletinF service lives for calculations by type ofequipment and structure is another newfeature. All the calculations are based on theWinfrey retirement distribution.
21
The table shows the measures included inthe 1969 updating.
The updated tabulations contain about 350pages of computer output. We are makingarrangements to reproduce the data in boundform. Information concerning availability ofthe volume will be included in a future issueof the SURVEY.
85 percent of Bulletin F:By major industry LBy type 2 _ _ ... ._ .
Bulletin F:By major industry l .. .. . _By type 2 .. -
Gross stocks,discards,
average age
AB
AB
Straight line depreci-ation, net stocks,
average age,net-gross ratio
AB
AB
Double decliningbalance depreciation,net stocks, averageage, net-gross ratio
AB
AB
Age compo-sition of
gross stocks
BB
A—Available in constant cost (alternates 1 and 2) and current cost (alternates 1 and 2) valuations.B—Available in constant cost (alternates 1 and 2) valuations.
1 The tabulations by major industry include estimates for equipment, structures, and the total of equipment and struc-tures for all industries, farm, manufacturing, and all other industries.
2 The tabulations by type include estimates for 20 types of equipment and 10 types of structures.
Table 1.—Constant Dollar Gross and Net Stocks and Mean Age of Structures and Equipment, by Broad Industry Group, 1925—68
SERVICE LIVES: BULLETIN F-15 PERCENTWINFREY DISTRIBUTION
Year
Gross stocks
Constant Cost 1
Allindus-tries
Non-farm
Manu-fac-
turing
Constant Cost 2
Allindus-tries
Non-farm
Manu-fac-
turing
Net stocks using straight line depreciation
Constant Cost 1
Allindus-tries
Non-farm
Manu-fac-
turing
Constant Cost 2
Allindus-tries
Non-farm
Manu-fac-
turing
Net stocks using double declining balance depreciation
Constant Cost 1
Allindus-tries
Non-farm
Manu-fac-
turing
Constant Cost 2
Allindus-tries
Non-farm
Manu-fac-
turing
Gross and net stocks (billions of 1958 dollars)
19251926...192719281929. . .193019311932. .19331934
193519361937. .193819391940.1941194219431944
1945. .1946194719481949. . .19501951195219531954
1955195619571958195919601961.196219631964.
196519661967 .1968
392.8404.6414.9424.6436.2442.5441.0433.1424.5417.7
413.0412.2414.2410.3407.6408. 1412.2406.3397.5391.9
393.2405.5423.6443.4459.0476.8495.6512.0529.7546.0
566.2588.6609.9624.2639.8657.6673.8692.8712.9737.8
770.5809.0846.1883.7
361.5372.9382.6391.9402.9409.1408.0401.0393.3387.0
382.5381.5383.1379.4376.6377.0380.4374.6366.2360.3
361.2372.3388.2405.1417.7432.5448.5462.9478.1492.5
511.0532.3552.7565.8580.5598.2614.2632.9652.3676.6
708.1745. 1780.7816.9
88.390.993.195.999.5
100.699.696.995.193.3
91.791.291.690.289.289.491.089.787.586.1
87.493.8
100.5106.4109.8112.9118.3123.3128.1133.1
138.0144.6151.2154.7156.7159.7162.5165.3168.4173.0
180.2190.0198.6207.0
357.7368.8378.2387.6398.9405.4404.2397.0389.0382.9
378.9378.7381.3378.4376.4377.8382.6377.5369.6364.8
366.8379.2397.5417.9434.2452.5471.7488.5506.5523.2
544.0566.9588.9604.1620.9640.2658.1678.6700.4727.1
761.9802.7842.0881.9
326.5337.0346.0354.8365.6372.0371.2364.9357.9352.2
348.4348.0350.2347.4345.4346.7350.7345.8338.3333.2
334.8346.1362.1379.6392.8408.2424.6439.3454.9469.7
488.8510.6531.7545.7561.7580.8598.5618.8639.8665.9
699 6738.8776.6815.0
75.177.880.283.186.888.287.585.483.982.6
81.481.282 181.180.681.283.282.380.679.6
81.187.794.7
101.0104.8108.3113.9119.2124.2129.4
134.4141.3148.0151.7154.1157.3160.4163.4166.7171.5
179.1189.1197.9206.5
210.7217.8223.2228.5235.8238.0232.7222.3211.9203.8
198.1196.6197.7193.5191.0192.0195.9190.1182.4178.9
181.8194.5211.6228.2239.5251.9264.8275.1286.7296.4
309.1323. 7337.0343.7352.2362.7370.6381.5393.3409.4
431.8458.9483.0506.4
194.5201.4206.7211.8218.7221.0216.5207.0197.7190.0
184.5182.6183.3179.1176.6177.5180.8175. 1167.9164.0
166.6178.2193.0207.1215.7225.9236.9246.1256.5265.6
277.8292.4305.7312.1320.5331.3339.2350.0361.3376.8
398 3424.1447.2469.7
46.948.649.951.754.354.452.549.347.045.0
43.342.843.241.941.241.743.542.540.839.9
41.548.154.559.461.563.166.769.872.675.3
77.781.985.886.786.487.287.588.289.492.0
96.9104.0109.7114.9
192.0198.7203.6208.8216.2218.7214.0204.3194.8187.3
182.4181.3183.0179.5177.6179.3183.6178.2171.2168.1
171.4183.8200.6217.5229.0241.6254.5264.8276.4286.1
299.1313.9327.6334.9344 4356.0365.2377.4390 5408.0
432 0461.0486.7511.9
175.8182.3187.1192.1199.1201.8197.8189.1180.5173.6
168 8167.4168.6165.1163.2164.8168.5163.2156.7153.2
156.1167.4182.1196.3205.3215.6226.7235.8246 2255.3
267 8282.6296.3303.3312 6324 6333.8345.9358 4375 4
398 5426 2450.9475.2
40.842.644.045.948.648.947.344.442.440.6
39.238.939.638.538.038.840.739.938.437.7
39.445.952.357.459.961.665.368.471.374.0
76.480.684.685.685 586.486.987.789 091.7
96 9104.2109.9115.3
168.5174.8179.5184.1190.4191.7186.1175.9166.2158.9
154.1153.1154.6150.9149. 1150.5154.4148.8142.1139.5
143.0155.1170.5184.7193.4203.3213.7221.9231.6239.1
249.6261.8272.8277.4283 9292 3298.1307.0316 5329 9
349 0372 0391 5410.0
155.6161.8166.3170.7176.9178.4173.4164.1155.3148.4
143.6142.3143.4139.7137.8139.1142.4137.1130.8127.8
130.9142.0155.3167.2173. 6181.7190.8198.3207.0214.3
224.4236.8247.8252.2258.6267.3273.1282.0291.0303.9
322.2344.2362.8380.6
37.539.040.141.744.043.941.838.636.534.7
33.333.133.832.632.132.834.633.632.131.3
33.039.345.149.150.351.254.156.558.660.7
62.566.069.369.568.869.369.369.770.773.0
77.583.888.492.5
153.4159.3163.5168.1174.6176.2171.2161.7152.7146.1
141.9141.3143.3140.2138.9140.7144.9139.7133.6131.2
134.8146.7161.8176.2185.1195.1205.5213.7223.2230.9
241.6254.0265.3270.5277.9287.3294.3304.4315.1329.7
350.2374,9395. 7415.6
140.6146.3150.4154.8161.0162.9158.5149.9141.8135.6
131.4130.5132.0128.9127.6129.3132.9127.9122.2119.5
122.8133.5146.6158.6165.3173.5182.6190.0198.7206.0
216.5229.0240.4245.3252.6262.3269.4279.4289.5303.7
323.5347.0367.0386.3
32.734.335.537.239.639.637.734.932.931.4
30.230.130.930.029.730.632.531.730.329.6
31.337.543.347.649.150.153.055.557.659.7
61.565.068.368.768.168.768.869.470.572.9
77.584.088.792.9
See footnote at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
22 SUEVEY OF CUKRENT BUSINESS February 1969
Table 1.—Constant Dollar Gross and Net Stocks and Mean Age of Structures and Equipment, by Broad Industry Group, 1925-58—Con.
Year
Gross stocks
Constant Cost 1
Allindus-tries
Non-farm
Manu-fac-
turing
Constant Cost 2
Allindus-tries
Non-farm
Manu-fac-
turing
Net stocks using straight line depreciation
Constant Cost 1
Allindus-tries
Non-farm
Manu-fac-
turing
Constant Cost 2
Allindus-tries
Non-farm
fac-Manu-turing
Net stocks using double declining balance depreciation
Constant Cost 1
Allindus-tries
Non-farm
Manu-fac-
turing
Constant Cost 2
Allindus-tries
Non-farm
Manu-fac-
turing
Mean age of gross stocks (years)
1925. .192619271928192919301931193219331934
1935 . .1936193719381939194019411942.19431944
194519461947194819491950195119521953.1954
195519561957.195819591960196119621963 .1964....
1965196619671968.
14.714.714.614.614.514.614.915.516.016.4
16.716.816.817.117.217.217.017.217.517.7
17.516.916.115.414.814.313.913.513.212.9
12.612.312.011.911.811.7
11.511.311.2
10.910.610.410.2
14.714.614.614.514.514.614.915.415.916.4
16.716.916.917.117.317.317.117.317.717.9
17.717.116.315.615.214.714.213.813.513.2
12.912.512.212.112.011.8
11.511.411.2
10.910.610.410.2
11.511.411.411.311.111.211.612.112.412.8
13.113.213.113.313.413.313.113.213.413.5
13.212.211.310.810.610.410.19.89.79.6
9.59.39.29.29.49.4
9.69.79.6
9.59.39.19.0
14.714.614.614.514.414.514.815.315.916.3
16.616.716.716.917.016.916.717.017.317.4
17.216.615.815.014.514.013.513.212.812.6
12.312.011.711.611.511.4
11.111.010.8
10.610.310.19.9
14.614.514.514.514.414.414.815.315.816.3
16.616.716.716.917.117.016.817.117.417.6
17.416.816.015.314.814.313.813.513.112.9
12.512.211.911.811.611.5
11.211.110.9
10.610.310.19.9
10.810.710.710.610.410.510.911.411.812.2
12.512.612.512.712.912.812.512.612.812.9
12.611.710.910.310.110.09.79.59.39.3
9.29.19.09.09.29.3
9.59.59.5
9.49.19.08.9
10.410.210.110.09.99.910.310.811.411.8
12.112.111.912.112.111.911.611.812.112.2
11.810.910.09.38.98.68.38.17.97.8
7.77.57.47.47.47.4
7.47.47.3
7.16.96.86.7
10.410.210.110.09.99.910.210.811.411.8
12.112.112.012.212.212.011.712.012.312.4
12.011.110.29.69.28.98.68.48.18.0
7.87.67.47.57.57.4
7.47.47.2
7.16.96.86.7
7.97.87.77.67.37.57.98.58.99.2
9.59.59.39.49.49.18.78.89.09.0
8.67.46.66.36.26.36.26.16.16.1
6.26.16.06.26.46.5
6.86.86.7
6.56.26.16.0
10.410.210.110.09.89.810.210.711.311.7
12.012.011.811.911.911.711.311.611.912.0
11.610.79.89.18.78.48.17.97.77.7
7.57.37.27.37.27.2
7.27.27.1
6.96.76.66.5
10.410.210.110.09.89.810.110.711.311.7
12.012.011.812.012.011.811.511.712.112.2
11.810.910.09.39.08.68.38.28.07.8
7.67.47.37.37.37.2
7.27.17.0
6.86.76.66.5
7.47.37.27.16.97.17.58.18.58.9
9.29.28.99.19.18.88.38.48.78.7
8.37.16.46.06.06.16.06.06.06.0
6.16.06.06.16.36.5
6.76.76.6
6.46.16.05.9
9.89.59.49.39.19.29.610.210.811.3
11.511.511.311.511.511.210.811.111.511.5
11.110.19.28.58.27.97.67.57.37.2
7.16.96.86.96.96.9
6.96.86.7
6.66.46.36.2
9.79.59.49.39.19.29.610.210.811.3
11.511.611.411.611.611.311.011.311.711.7
11.310.39.48.88.58.27.97.77.57.4
7.27.06.96.96.96.96.96.96.86.7
6.66.36.36.2
7.37.27.17 06.76.97 48.08.58 8
9.19.08.78.98.88.58.08.18.48.5
7.96.75.95.65.75.85.75.75.75.7
5.75.65.65.86.06.1
6.36.36.2
6.05.75.65.5
9.79.59.49 39.19.19 510.110.811 2
11.411.411.111.311.311.010.610.911.311.3
10.89.99.08.38.07.77.47.37.17.1
6.96.86.76.76.76.76.76.76.76.6
6.46.26.16.1
9.79 59 49 29 09 19 510 110.711 2
11.411.411 211.411.411 110.711.011 411.5
11 110.19.28 58.38.07 77.57.37 2
7.06.86.7,6.86.76.76.76.76.66.5
6.36.26.16.0
6 96 76 76 56 36 57 o7 78 18 5
8 78 7o q
8 58.58 27 67.88 18 1
7 66 45.75 45 55.65 55 55.55 6
5.65 55.55.75 96.06. 26.26.36.2
5.95.65.55.5
NOTE.—Capital stock estimates for farm may be obtained by subtracting nonfarm from the all industries column. Nonmanufacturing (excluding farm) may be obtained by sub-tracting the estimates for manufacturing from the nonfarm column.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group, 1925-68
SERVICE LIVES: BULLETIN F-15 PERCENTWINFREY DISTRIBUTION
Year
Constant cost 1
Allindus-tries i
Industry
FarmNon-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Com-mer-cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,and
pipe-line
Tele-phoneandtele-
graph
Otherpublicutilities
Constant cost 2
Allindus-tries i
Industry
Non-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Commer-cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,andpipe-line
Tele-phoneandtele-
graph
Otherpublicutilities
Gross stocks (billions of 1958 dollars)
1925192619271928192919301931193219331934
266.8274.3282.0289.2297.0302.5303.6301.2297. 5294.1
19.819.619.619.519.419.118.718.217.817.4
247.0254.6262.4269.7277.6283.5284.9283.0279.8276.7
58.159.761.263.2*65.866.665.964.463.562.6
37.338.439.540.842.743.443.142.241.741.1
51.954.557.159.662.163.864.464.163.663.1
11.512.613.814.915.917.118.018.518.518.6
7.98.69.29.710.110.410.710.710.710.6
87.787.787.887.787.987.987.486.484.983.6
3.94.24.44.75.25.86.06.16.05.9
23.324.926.628.029.330.731.431.531.331.2
231.7238.5245.4252.1259.8265.4266.8265.1262.1259.3
211.9218.8225.8232.6240.4246.3248.1246.9244.3241.9
45.046.648.250.353.154.253.952.852.351.8
32.033.134.135.537.337.937.737.036.636.2
41.544.046.549.051.753.854.654.754.354.0
9.310.311.312.213.214.315.115.515.615.6
6.46.97.58.08.38.68.99.08.98.9
87.087.087.187.087.187.186.685.684.182.8
3.94.24.44.75.25.86.06.16.05.9
15.016.117.218.119.020.120.620.820.720.7
See footnote at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CUERENT BUSINESS 23
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group 1925-68—Continued
Year
Constant cost 1
Allindus-tries *
Industry
FarmNon-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Com-mer-cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,andpipe-line
Tele-phone
andtele-
graph
Otherpublicutilities
Constant cost 2
Allindus-tries *
Industry
Non-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Commer-cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,and
pipe-line
Tele-phoneandtele-
graph
Otherpublicutilities
Gross stocks (billions of 1958 dollars)—Continued
1935_1936.. ..193719381939.194019411942.19431944
194519461947... .194819491950..1951195219531954
1955
1957 .1958195919601961196219631964
1965196619671968
290.6288.3287.7285.3283.0281.5281.0276.8270.9265.7
262.4265.7268.0271.0273.5276.8281.4285.5290.9296.8
303.8313.0322. 1329.6336.6344.9353.2362.3371.0380.7
393.8408.3421.3433.8
17.016.816.516.316.015.715.515.215.0 '14.8
14.515.115.616.116.516.917.217.617.918.3
18.518.919.219.519.720.020.220.520.721.0
21.321.521.822.1
273.6271.6271.2269.0267.0265.8265.5261.6255.9250.9
247.9250.6252.4254.9257.0260.0264.1267.9273.0278.6
285.3294.1302.9310.1316.9324.9333.0341.8350.3359.7
372.5386.8399.5411.7
61.460.660.659.658.758.459.157.855.854.0
53.656.758.259.159.158.959.660.260.861.6
62.564.065.767.067.367.968.669.470.371.3
73.175.777.979.7
40.439.940.139.538.838.739.438.737.436.3
36.338.840.240.740.540.441.342.443.444.3
45.847.749.950.951.552.954.355.957.459.3
62.566.970.573.3
62.762.562.562.161.761.461.260.158.657.1
56.056.956.757.056.957.157.557.257.758.8
60.462.864.766.668.670.973.676.479.282.2
86.490.594.599.1
18.719.019.219.519.820.120.520.520.420.3
20.420.821.221.922.824.025.226.327.528.9
30.231.733.435.136.638.340.142.043.946.0
48.350.652.754.7
10.610.610.610.710.810.810.810.610.410.1
9.99.89.79.79.79.79.59.39.19.0
8.98.98.98.99.19.59.710.110.410.7
11.111.511.912.3
82.180.879.778.176.775.373.972.370.869.4
67.966.265.063.562.160.759.258.056.855.4
54.052.651.349.848.246.845.344.042.841.5
40.239.138.037.1
5.95.95.95.95.96.06.16.15.95.8
5.65.86.16.67.07.27.47.78.18.5
9.19.910.711.412.012.813.414.014.715.6
16.517.418.218.9
31.031.031.231.531.832.232.532.532.131.9
31.832.233.334.736.738.740.742.544.746.5
48.150.152.254.456.358.260.061.763.365.2
67.670.573.376.0
256.6254.8254.9253.3251.9251.2251.4248.0243.0238.6
236.0239.4241.9245.4248.6252.5257.5261.9267.7274.0
281.6291.3301.1309.5317.7327.5337.5348.1358.5370.1
385.2402.0417.1432.0
239.5238.1238.3237.1235.9235.5235.9232.8228.0223.8
221.4224.3226.3229.4232.1235.7240.2244.3249.7255.7
263.1272.4281.9290.0298.0307.5317.3327.7337.8349.0
364.0380.5395.3409.8
51.050.751.150.550.150.251.350.448.947.5
47.450.652.353.754.254.355.356.257.057.9
59.060.662.664.064.665.566.567.568.669.8
71.974.877.379.2
35.635.335.635.234.734.735.635.034.033.1
33.235.837.238.038.138.139.240.441.542.5
44.046.048.249.450.251.753.355.056.758.7
62.266.870.773.6
53.853.753.853.753.553.453.452.551.450.2
49.350.150.150.851.151.652.152.052.653.8
55.7
60.162.264.667.370.674.177.581.3
86.491.496.3101.8
15.715.916.116.416.616.917.217.317.217.1
17.217.518.018.719.720.922.123.224.325.7
27.2
30.332.033.735.637.739.842.044.5
47.149.952.454.9
8.88.88.99.09.19.19.19.08.78.6
8.48.38.28.28.38.48.38.18.07.8
7.7
7.77.98.18.58.99.49.810.1
10.611.211.712.2
81.480.178.977.476.074.673.171.670.068.5
67.065.464.062.661.159.758.357.055.854.4
53.0
50.348.847.446.044.543.342.140.8
39.638.637.536.6
5.95.95.95.95.96.06.16.15.95.8
5.65.86.16.67.07.27.47.78.18.5
9.19.910.711.412.012.813.414.014.715.6
16.517.418.218.9
20.620.821.121.522.022.623.023.223.022.9
22.923.324.125.226.928.931.032.734.936.8
38.640.943.345.948.250.552.754.756.758.9
61.765.068.271.4
Net stocks using straight line depreciation (billions of 1958 dollars)
1925192619271928192919301931 .193219331934
19351936 .19371938193919401941 .1942 .19431944 .
1945194619471948194919501951195219531954
1955195619571958195919601961196219631964
1965196619671968
144.0148.7153.6157.9162.9165.6163.8159.1153.3148.0
143.1139.8138.2135.1132.4130.6130.2126.3120.8116.5
114.2118.7122.2126.2129.7133.9139.2144.0149.7155.5
162.0170.4178.2184.0189.1195.2200.9206.7212.3218.6
227.8238.1246.7254.5
9.89.69.69.59.39.08.78.37.97.5
7.37.17.06.86.76.56.46.36.26.1
6.06.77.48.08.59.09.49.810.210.5
10.811.111.311.611.711.912.012.112.212.4
12.412.512.512.6
134.2139.1144.0148.4153.6156.5155.2150.8145.4140.4
135. 9132.7131.2128.3125.8124.2123.8120.0114.7110.4
108.2111.9114.8118.3121.3124.9129.8134.2139.5144.9
151.2159.3166.9172.5177.4183.3188.9194.6200.0206.2
215.4225.7234.1241.9
30.831.932.934.336.336.535.333.432.130.9
29.528.728.627.526.726.627.326.324.623.2
23.226.728.629.830.130.131.131.932.733.4
34.235.637.137.937.838.138.238.238.538.8
39.841.542.943.7
20.421.121.722.624.024.323.522.221.420.5
19.619.019.018.317.717.518.317.716.615.8
16.018.820.320.920.920.922.023.224.124.9
26.227.929.730.230.331.231.932.633.334.4
36.639.942.343.9
31.533.435.236.837.737.536.535.334.1
33.232.431.931.130.329.729.227.926.324.8
23.824.824.725.225.325.726.326.427.328.5
30.433.035.037.039.041.243.646.148.551.0
54.557.760.864.3
8.89.710.611.412.212.813.012.812.6
12.412.412.412.412.312.312.412.211.811.5
11.311.511.712.112.713.614.715.516.317.4
18.419.620.822.123.324.625.927.328.830.3
32.033.735.236.6
5.25.76.16.36.56.66.56.36.1
5.95.85.75.75.75.65.55.24.94.6
4.44.44.24.24.34.34.34.14.04.0
4.04.14.14.34.64.95.25.65.96.1
6.56.87.17.3
42.642.241.741.641.340.639.337.836.5
35.234.233.332.131.030.129.228.327.426.7
25.925.124.724.123.522.922.422.021.721.2
20.520.019.418.818.017.416.716.115.715.2
14.714.314.013.7
2.22.42.62.93.33.73.83.73.53.3
3.13.02.92.82.82.82.82.92.72.5
2.52.73.1,3.74.04.24.44.74.95.2
5.66.26.77.17.47.88.08.38.69.0
9.610.110.510.8
14.615.716.817.618.319.119.218.818.017.3
16.716.416.216.116.116.216.316.015.515.1
15.015.316.317.719.521.423.324.826.728.1
29.430.832.434.035.236.237.237.938.639.4
40.642.343.845.2
125.2129.6134.0138.2143.3146.3145.1141.1136.1131.5
127.4124.6123.5121.1119.1117.9117.8114.4109.6105.7
103.7108.0111.2115.5119.3123.6128.9133.6139.3145.2
152.0160.6168.8175.2181.3188.5195.5202.6209.4217.2
228.0240.2250.3260.0
115.5120.0124.4128.7134.0137.3136.5132.9128.2124.0
120.1117.5116.5114.3112.4111.4111.4108.2103.499.6
97.7101.2103.8107.5110.8114.6119.5123.8129.2134.7
141.2149.5157.5163.7169.5176.6183.5190.5197.2204.8
215.6227.7237.8247.4
24.725.927.028.530.631.030.128.527.526.5
25.424.824.924.123.523.624.523.722.321.0
21.124.526.427.828.528.629.730.631.432.1
32.934.335.936.836.937.337.637.738.138.6
39.741.643.144.1
17.818.519.120vO21.321.620.919.719.018.3
17.517.017.116.516.016.016.916.315.414.6
14.917.719.220.020.220.321.422.623.624.3
25.627.229.029.629.830.831.632.433.234.4
36.840.342.844.5
24.326.128.029.931.833.133.232.531.430.4
29.528.928.527.827.226.626.225.123.622.3
21.422.122.222.923.323.824.424.525.326.7
28.631.133.235.237.540.043.046.048.952.0
56.36.0263.968.1
6.57.28.08.89.610.410.911.110.910.7
10.610.510.510.510.510.510.610.410.19.8
9.69.710.010.511.312.213.214.014.816.0
17.018.219.520.822.123.625.226.828.530.3
32.434.536.338.0
3.84.34.75.15.35.55.65.65.45.2
5.0.9.9.9.9.84.74.54.24.0
3.73.73.63.73.83.83.83.73.63.5
3.53.63.73.94.24.65.05.45.86.1
6.56.97.37.6
42.842.241.841.341.140.840.138.937.436.1
34.833.832.931.730.729.728.927.927.026.2
25.424.624.223.623.022.421.821.421.120.6
20.019.519.018.317.717.116.415.915.515.0
14.514.213.913.6
2.22.42.62 93! 33.73.83.73.53.3
3.13.02.92.82.82.82.82.92.72.5
2.52.73.13.74.04.24.44.74.95.2
5.66.26.77.17.47.88.08.38.69.0
9.610.110.510.8
9.410.110.811.411.912.612.812.612.111.7
11.311.211.211.411.612.012.212.111.711.5
11.411.612.313.314.816.618.419.921.7
- 23.2
24.526.228.129.931.432.834.035.036.037.1
38.640.642.444.1
See Footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
24 SURVEY OF CURRENT BUSINESS February 1969
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group, 1925-68—Continued
Year
Constant cost 1
Allindus-tries i
Industry
FarmNon-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Com-mer-cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,andpipe-line
Tele-phoneandtele-
graph
Otherpublicutilities
Constant cost 2
Allindus-tries i
Industry
Non-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Commer-cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,and
pipe-line
Tele-phoneandtele-
graph
Otherpublicutilities
Net stocks using double declining balance depreciation (billions of 1958 dollars)
1925192619271928192919301931193219331934
1935193619371938193919401941194219431944
194519461947 -194819491950 .. -1951195219531954
1955.195619571958195919601961196219631964
19651966 -19671968
116.0120.4124.8128.7133.1135.1132.8127.7121.9116.7
112.2109.3108.2105.6103.5102.2102.298.394.090.4
88.893.897.5101.7105.0108.9113.8118.0123.1128.0
133.6140.9147.5152.1156.0160.8165.3170.0174.3179.5
187.5196.5203.6210.0
7.87.77.67.57.47.16.86.46.15.8
5.65.55.45.35.25.15.04 94.94.8
4.85.56.16.77.27.68.08.38.68.9
9.19.39.59.69.79.89.99.910.010.0
10.010.110.110.1
108.2112.8117.2121.1125.6127.9126.0121.3115 8110.9
106.6103.9102.8100.498.397.297.393.989.185.5
84.088.391.495.097.9101.3105.9109.7114.4119.1
124.5131.7138.1142 5146.3151.0155.4160.1164.4169.5
177 4186.4193.5199 8
24.725.826.627.929.829.828.526.425 224.1
22.822.222 221.320.720.721.720 719.218.0
18.121.723.624.624.824.725.526.226.827.2
27.929.130.430 930. 730.730 730.730.831.1
32 033.534.835 5
16.417.117.618.419.719.818.917.616.816.0
15.114.714.814.213.713.714.514.013.012.3
12.615.416.817.417.217.218.119.119.920.5
21.623.124.624.924.825.425.926.527.027.9
29.932.935.136.2
24.326.027.729.330.731.330.929.728.427.2
26.225.525.124.323.623.1
. 22.821 620.218.9
18.119.319.319.920.120.621.321.422.223.4
25.227.729.531.232.934.836.939.040.943.0
46.148.851.254.2
6.87.68.49.29.910.711.111.210.910.6
10.310.210.110.110.010.010.09 89.49.1
8.99.19.39.710.311.212.212.913.714.7
15.616.717.818.919.921.022.223.424.625.9
27.428.830.031.1
3.94.44.85.25.35.45.55.45. 14.9
4.74.64.54.54.54.44.34.13.83.6
3.43.43.23.33.43.43 43.33.23.2
3.23.33.33.53.84.14.44.74.95.1
5.45.75.96.1
33.733.333.032.732.732.532.030.929.528.4
27.326.425.824.823.923.222.521.921.220.6
20.019.419.218.818.317.917.417.217.016.6
16.115.615.214.614.013.513.012.512.211.8
11.411.110.910.7
1.82.02.22.42.83.13.13.02.82.6
2.42.32.22.22.12.12.22.32.12.0
1.92.12.53.13.43.53.63.84.14.3
4.65.15.65.86.06.36.56.76.97.3
7.78.28.58.7
12.213.214.114.715.215.915.815.314.413.7
13.112.812.612.612.712.812.912 712.211.9
11.812.113.214.516.318.019.721.022.623.7
24.625.827.128.329.229.930.531.031.432.0
33.034.535.836.9
100.9104.9108.9112.7117.2119.6117.9113. 5108.4103.9
100.097.596.894.993.292.492.789. 785.482.1
80.785.388.893.196.7100.7105 6109.8114.7119.7
125.6133.1140.1145.2150.0155.9161.6167.4172.9179.3
188.7199.3207.8215.6
93.197.3101.3105.2109.8112.4111.1107.1102.398.1
94.492.091.489.688.087.487.884.880.577.3
75.979.882.786.489.693.197.7101.4106.1110.9
116.6123.9130.6135.6140.3146.1151.7157.5162.9169.3
178.7189.2197.7205.5
20.021.122.023.325.325.524.422.721.720.7
19.719.219.418.718.318.519.518 817.416.3
16.520.021.823.123.623.524.425.125.726.2
26.928.129.430.129.930.230.330.330.630.9
32.033.735.035.9
14.313.015.516.317.517.616.815.714.914.3
13.513.113.412.812.412.513.413 012.111.4
11.814.615.916.716.716.717.618.719.520. 1
21.122.524.124.424.425.125.726.427.028.0
30.233.335.636.9
20.021.723.425.026.727.827.626.625 424.3
23.422.822.421.821.220.820.519.418.117.0
16.217.217.318.118.619.219.819.920.722.0
23.926.228.029 831.834.036.639.241.644.2
47.951.254.257.8
5.66.37.07.78.49.19.59.69.39.0
8.88.68.68.68.58.58.58.38.07.7
7.57.77.98.49.210.111.011.812.513.6
14.615.616.717.919.020.321.723.124.526.1
27.929.731.232.6
3.23.64.04.34.54.64.74.64.44.2
4.03.93.83.83.93.83.73.53.23.0
2.92.82.82.93.03.13.02.92.92.8
2.82.93.03.23.43.94.24.64.95.1
5.55.96.26.4
33.433.032.732.432.332.231.630.529.228.1
27.026.125.524.523.722.922.321.520.820.2
19.619.018.718.317.917.417.016.816.516.2
15.615.214.814.313.813.312.812.312.011.7
11.311.110.810.7
1.82.02.22 42.83.13.13.02 82.6
2 42.32 22.22.12.12.22.32.12.0
1.92.12.53.13.43.53.63.84.14.3
4.65.15.65.86.06.36.56.76.97.3
7.78.28.58.7
7.88.59.19.610.010.510.610.39.79.3
8.98.88.89.09.39.69.89.79.39.1
9.09.310.010.912.414.015.616.918.419.7
20.722.123.625.126.327.428.328.929.530.4
31.633.334.936.3
Mean age of gross stocks (years)
19251926192719281929 . .19301931 . .193219331934
19351936.19371938193919401941.1942.19431944
1945194619471948194919501951195219531954
17.517.417.417.317.217.217.517.918.418.9
19.319.619.820.120.420.520.620.921.321.7
21.821.421.120.720.420.119.619.218.818.3
20.320.520.620.720.921.221.622.122.623.0
23.223.423.623.823.924.124.224.324.324.3
24.323.021.921.020.219.619.018.418.017.6
17.317.217.117.016.917.017.217.718.218.6
19.119.419.619.920.120.320.420.721.121.5
21.721.321.120.720.420.119.619.318.818.4
13.213.113.112.912.712.813.213.714.014.4
14.815.015.115.415.615.715.515.716.116.5
16.515.414.914.514.414.314.013.813.613.4
12.712.712.612.512.312.412.813.413.714.1
14.614.914.915.315.615.615.415.616.116.4
16.315.114.514.214.214.113.713.313.012.7
15.515.215.014.914.814.915.215.716.216.7
17.217.617.918.218.618.919.119.620.220.8
21.220.920.920.820.720.520.320.219.919.4
14.814.313.913.613.413.313.413.914.515.3
15.916.416.917.417.818.218.619.219.920.6
21.221.321.421.321.020.620.119.819.519.1
13.813.212.812.612.612.812.913.313.814.4
14.915.315.715.916.216.616.917.518.218.9
19.519.820.220.320.220.220.520.821.021.0
24.424.725.025.325.525.826.126.627.227.7
28.228.629.029.429.830.230.530.831.131.4
31.731.932.032.132.232.432.532.532.432.5
9.08.68.48.17.67.37.57.88.38.8
9.39.810.110.410.710.910.910.911.411.7
11.911.410.69.59.08.78.48.17.97.8
11.011.011.011.111.211.311.712.212.813.4
13.914.314.714.915.115.215.315.616.016.3
16.416.416.015.414.714.113.513.212.712.4
17.917.817.717.617.417.417.718.118.619.1
19.519.820.020.220.520.620.620.921.421.7
21.921.521.120.720.420.019.519.118.618.2
17.717.617.417.317.217.117.417.818.318.8
19.219.519.720.020.220.420.420.721.221.5
21.721.421.120.720.420.019.519.118.718.2
12.712.512.412.211.912.012.413.013.413.7
14.214.41.4.514.815.115.114.915.215.616.0
16.014.914.414.013.913.813.513.313.113.0
12.512.412.412.212.012.112.513.113.513.9
14.314.614.715.015.315.415.115.315.716.1
16.014.714.113.813.713.713.312.912.612.4
15.014.614.414.113.913.914.214.715.215.8
16.316.717.017.417.818.118.418.919.520.2
20.620.420.420.220.019.919.719.619.318.8
14.413.913.413.112.912.712.813.314.014.7
15.416.016.516.917.417.818.218.819.620.3
20.821.021.120.820.419.819.318.918.718.2
13.412.812.412.112.112.212.412.813.413.9
14.515.015.315.615.816.216.617.217.918.6
19.319.519.919.919.719.619.920.220.420.7
24.524.825.125.525.725.926.326.827.327.9
28.328.829.129.630.030.430.731.031.331.6
31.932.232.332.432.632.732.932.932.832.9
9.08.68.48.17.67.37.57.88.38.8
9.39.810.110.410.710.910.911.011.411.7
11.911.410.69.59.08.78.48.17.97.8
11.111.010.911.011.111.211.511.912.613.1
13.614.014.214.314.414.414.414.615.115.4
15.615.515.214.714.013.312.712.311.811.5
See footnote at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SUKVEY OF CURRENT BUSINESS 25
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group, 1925-68—Continued
Year
Constant cost 1
Allindus-tries i
Industry
FarmNon-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Com-mer-cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,andpipe-line
Tele-phoneandtele-
graph
Otherpublicutilities
Constant cost 2
Allindus-tries *
Industry
Non-farm
Manu-factur-
ing
Selected types of structures
Indus-trial
Commer-
cialand
miscel-laneous
Institu-tionalexcl.socialand
recrea-tional
Socialand
recrea-tional
Rail-road,local
transit,and
pipe-line
Tele-phoneandtele-
graph
Otherpublicutilities
Mean age of gross stocks (years)—Continued
1955195619571958195919601961196219631964
1965196619671968
17.917.316.916.516.316.015.715.515.315.1
14.914.614.414.3
17.317.016.816.616.516.416.416.316.416.4
16.516.616.716.9
17.917.416.916.516.316.015.715.515.315.1
14.814.514.314.2
13.212.912.612.512.512.512.612.712.712.8
12.812.612.612.6
12.412.011.611.611.611.611.611.611.711.6
11.511.211.111.1
18.818.017.416.816.315.815.314.914.514.2
13.713.413.112.9
18.818.518.117.817.617.417.216.916.816.6
16.316.216.116.1
21.020.920.720.319.618.818.217.517.016.7
16.215.815.515.3
32.632.732 832.933.033.233.333.433.533.5
33.533.533.433.3
7.77.57.47.57.77.88.08.18.38.4
8.48.48.58.7
12.312.111.811.711.611.611.611.711.912.0
12.012.012.112.1
17.717.116.616.316.015.615.315.114.914.6
14.414.113.913.7
17.717.116.616.215.915.615.315.014.814.5
14.213.913.713.6
12.812.512.212.112.212.212.312.412.412.5
12.512.412.312.4
12.111.711.411.411.411.411.411.411.511.5
11.311.010.910.9
18.217.416.816.315.715.214.614.113.713.3
12.812.512.312.0
17.917.517.216.816.616.316.015.815.515.3
15.114.914.814.8
20.720.520.319.718.917.917.216.415.815.5
14.914.514.114.0
33.033.133.133.233.433.533.733.733.733.7
33.833.733. 633.4
7.77.57.47.57.77.88.08.18.38.4
8.48.48.58.7
11.411.110.910.710.710.710.710.811.011.1
11.211.211.211.3
1. The sum of the "Selected types of structures" is less than the nonfarm total because in addition to the detail shown, "Petroleum and natural gas well drilling and exploration" and"All other private," are included in the nonfarm total. Farm is shown only once as there is no constant cost 2 alternative.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 3.—Constant Dollar Gross and Net Stocks and Mean Age of Equipment, by Broad Industry Group, 1925-68
SERVICE LIVES: BULLETIN F-15 PERCENTWINFREY DISTRIBUTION
YearAll
indus-tries i
Industry
Non-farm
Man-ufac-tur-ing
Types of equipment
Fur-ni-
tureandfix-
tures
Fab-ri-
catedmetalprod-ucts
En-ginesandtur-
bines
Trac-tors
Agri-cultur-
alma-chin-ery(ex-cepttrac-tors)
Con-struc-tionma-chin-ery
Min-ingandoil-
fieldma-chin-ery
Metal-work-
ingma-chin-ery
Spe-cial in-dus-try__ma-chin-ery
Gen-eral
indus-trialma-chin-ery
Office,com-put-ingandac-
count-ingma-chin-ery
Serv-icein-
dus-tryma-
chines
Elec-tricalma-chin-ery
Trucks,buses,and
trucktrail-ers
Pas-sen-gercars
Air-craft
Shipsand
boats
Rail-roadequip-ment
In-stru-
ments
Mis-cel-
lane-ous
equip-ment
Gross stocks (billions of 1958 dollars)
19251926.19271928.192919301931193219331934__
19351936 ..19371938193919401941.1942..1943..1944
194519461947.1948194919501951 _ _195219531954
126.0130.3132.9135.5139.2140.0137.4131.9127.0123.6
122 A123.9126.4125.0124.6126.7131.2129.5126.6126.2
130.8139.8155.6172.5185.5200.0214.2226.5238.8249.2
114.6118.2120.2122.2125.2125.7123.1118.0113.6110.3
108.9109.9111.9110.3109.6111.3114.8113.0110.4109.4
113.4121.8135.8150.2160.7172.5184.4194.9205.2214.0
30.231.231.932.833.834.033.632.631.630.8
30 430.631.030.630.531.031.931.931.732 1
33.837.142.347.350.654.058.663 067.271.5
4.85.15.55.96.36.66.86.86.76.7
6.86.86.97.07.07.17.37.27.17.0
7.17.58.08.58.99.310.010 511.011.7
4.24.34.44.54.74.74.84.74.64.6
4.64.54.54.54.44.44.54.54.64.7
4.95.35.96.46.77.17.78.39.09.8
3.63.63.53.43.33.23.13.02.82.6
2.52.52.42.42.42.42.32.32.22.3
2.62.62.73.03.33.73.94.34.75.3
1.82.02.22.52.72.82.92.92.82.7
2.82.93.23.43.53.84.24.34.24.5
4.84.95.36.06.67.38.08.69.09.3
6.36.56.76.97.27.57.47.27.06.7
6.66.66.76.76.66.66.76.86.76.9
7.37.68.39.310.211.212.113 013.814.5
1.61.71.81.92.12.12.11.91.71.5
1.41.31.31.21.21.31.41.41.41.4
1.82.53.24.14.65.15.66 26.66.7
2.62.82.93.03.23.23.12.92.72.6
2.62.62.72.62.62.73.03.13.23.3
3 84.04.24.54.64.75.05.25.45.4
5.05.25.45.86.16.26.16.05.85.7
5.75.86.06.06.26.77.68.49.29.7
10.411 412.613.614 014.815.816 918.319.8
16.316.616.817.017 217.116.816.215.715.2
14.814.614.514.113.713.513.212.812.212 0
12.212 814 115.316 217 318.519 520 521.4
10.310.711.111.512.012.312.312.011.711.4
11.411.611.811.711.711.711.711.411.211 5
12.413 214.315.415 916 517.117 718.419.1
1.61.7.7.89.9.9.8.7.6
1.51.51.51.51.51.61.71.71.71 7
1.92 22.73.33 74 24.75 25 76.0
3.03.13.23.23 33.23.23.02.92.8
2.72.72.82.72.72.82.82.82.93 0
3.33 74 55.76 47 27.88 49 19.7
5.96.26.56.97.37.67.87.77.57.4
7.47.57.98.08 28.79.29.49.510 2
11.012 113.815.516 918 720.823 326 028.6
4.44.95.25.56.46.86.96.76.66.9
7.48.49.29.510.311.312.612.412.212 3
13.214 716.819.120 722 824.925 926 626.8
7.68.68.78.99.08.47.35.74.84.6
5.46.88.08.08.08.59.48.06.34.2
2.93.86.18.511.013.213.813 212.912.8
0.1.1.2.3.4.4.4.4.7.7
.6
.6
.6
.6
.5
.6
.6
.5
.5
.4
.4
.7
.9
.91.01.11.11.31.41.5
6.96.96.96.86.86.96.96.76.46.2
5.95.85.75.75.65.65.85.96.26.2
6.46.67.37.57.57.57.78.08.28.2
34.935.135.034.634.434.233.132.030.829.6
28.427.527.025.924.824.023.522.922.021.2
20.519.919.720.120.620.721.321.722.021.9
0.91.01.11.11.21.21.31.21.21.2
1.21.21.31.31.41.41.41.31.31.4
1.61.92.42.93.43.94.55.15.86.3
4.4.4.3.3.3.3.3.3.2.
2.2.2.2.2.2.2.2.2.2.
2.2.2.3.3.3.4.4.4.5.
See footnote at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
26 SUEVEY OF CURRENT BUSINESS February 1969
Table 3.—Constant Dollar Gross and Net Stocks and Mean Age of Equipment, by Broad Industry Group, 1925-68—Continued
SERVICE LIVES: BULLETIN F-15 PERCENTWINFREY DISTRIBUTION
YearAll
indus-tries i
Industry
Non-farm
Man-ufac-tur-ing
Types of equipment
Fur-ni-
tureandfix-
tures
Fab-ri-
catedmetalprod-ucts
En-ginesandtur-
bines
Trac-tors
Agri-cultur-
alma-chin-ery(ex-cepttrac-tors)
Con-struc-tionma-chin-ery
Min-ingandoil-
fieldma-chin-ery
Metal-work-
ingma-chin-ery
Spe-cial in-dus-tryma-chin-ery
Gen-eral
indus-trialma-chin-ery
Office,com-put-ingandac-
count-ingma-chin-ery
Serv-icein-
dus-tryma-
chines
Elec-tricalma-chin-ery
Trucks,buses,and
trucktrail-ers
Pas-sen-gercars
Air-craft
Shipsand
boats
Rail-roadequip-ment
In-stru-
ments
Mis-cel-
lane-ous
equip-ment
Gross stocks (billions of 1958 dollars)—Continued
19551956195719581959196019611962.19631964
1965196619671968
262.4275.6287 9294.6303.2312 8320.6330.5341 8357.0
376.7400.7424.8449.9
225.8238.2249 8255 7263.6273 3281.2291.1302 0316 9
335.6358.3381.3405.2
75.580.785.587.789.591.893.895.898.1101.7
107.1114.3120.7127.3
12.413.314 014.615.416.217.017.818.819.9
21.122.423.524.5
10.511.212 012.713.313 914.414.815 315.9
16.617.418.118.7
5.86.26.87.37.78.28.68.99.39.7
10.010.411.412.5
9.710.110.210.410.510.310.09.89.79.8
10.010.510.811.2
15.115.616.016.717.317.717.918.118.518.8
19.219.820.320.7
6.97.17.27.17.37.37.37.47.78.1
8.69.110.110.6
5.65.75.85.75.65.55.45.25.25.2
5.25.35.45.5
21.022.423.624.024.425.025.325.626.026.8
27.929.330.731.5
22.523.724.725.526.227.127.928.729.230.0
30.932.333.434.6
20.020.921.722.022.422.823.123.423.824.7
25.727.028.630.1
6.46.87.48.08.69.310.010.912.113.6
15.318.322.026.5
10.310.911.511.812.212.613.013.514.114.8
15.716.717.718.7
31.234.337.439.942.244.747.549.852.054.5
57.660.864.267.1
27.628.128 127.527.628.128.329.631.333.2
36.039.642.345.6
13.914.314 413.513.013 113.113.714 315.2
16.718.018.920.1
1.61.82 22.43.13 74.35.05 35.8
6.77.99.612.2
8.38.58 89.09.19 29.29.29.09.0
9.19.08.98.8
21.922.222 722.622.522 522.222.122 022.3
22.723 123.223.0
6.97.48 08 38.69 09 49.810 511.5
12.614 015.316.8
5.45.86 16 57.07 47.78.18 69.2
9.910 711.412.1
Net stocks using straight line depreciation (billions of 1958 dollars)
19251926.... . .192719281929—193019311932... . .19331934.
193519361937—. .19381939.1940194119421943...1944
1945194619471948— . .1949195019511952.... . .19531954. ..
1955—1956195719581959—1960196119621963 .1964
1965 .1966 . .19671968
66.869.169.770.672.972.468.963.258.755.8
55.056.759.558.358.661.465.863.861.662.3
67.675.889.4102.0109.7118.0125.6131.1137.0140.9
147.1153.3158.8159.7163.1167.5169.7174.7181.1190.8
204.0220.8236.3251.9
60.462.462.763.365.264.561.356.252.349.6
48.649.952.150.850.953.457.055.153.253.6
58.466.278.388.894.5101.0107.1112.0117.0120.6
126.6133.1138.8139.7143.1148.0150.4155.4161.2170.6
182.9198.5213.0227.8
16.116.717.017.418.017.917.115.914.814.1
13.814.114.614.414.515.216.216.216.216.7
18.321.425.929.631.433.035.637.939.941.9
43.546.348.748.848.649.249.349.950.953.2
57.162.666.871.2
2.73.03.33.63.94.04.03.83.53.4
3.33.33.33.33.33.43.63.63.53.5
3.53.94.44.85.05.35.76.16.46.7
7.27.78.18.48.89.29.610.110.711.3
12.012.813.413.9
2.32.42.52.52.62.62.62.52.32.3
2.22.12.12.02.02.02.02.02.12.3
2.52.93.43.94.14.44 85.35.76.2
6.66.97.37.77.88.08.08.18.28.6
9.19.710.110.5
1.61.61.61.51.51.51.41.31.21.1
1.01.01.11.11.11.21.21.11.11.2
1.61.51.71.92.12.42.62.93.13.5
3 84.14.44.74.95.15.35.45.55.7
5.86.06.77.6
1.21.31.51.61.71.81.71.61.51.4
1.41.51.71.81.92.12.32.32.12.3
2.42.52.83.33.84.34.75.05.25.1
5.35.35.25.15.24.94.74.64.64.8
5.15.65.96.2
3.33.43.53.73.83.93.83.53.22.9
2.92.93.03.03.03.13.33.53.53.7
4.14.34.95.86.57.27 78.28.58.7
8.99.08.99.29.39.39.39.29.49.5
9.810.310.711.0
0.91.01.01.11.11.11.0.8.7.5
.5
.5
.6
.6
.6
.7
.8
.8
.8
.7
1.11.72.22.83.03.13 23.43.53.3
3.43.63.63.63.83.83.73.73.94.3
4.65.05.75.9
1.41.51.51.61.71.71.51.31.21.1
1.11.31.41.31.41.51.81.81.81.8
2.22.32.32.52.52.52.62.72.82.7
2.82.93.02.82.72.72.52.42.52.5
2.62.72.82.9
2.72.93.03.23.43.43.33.02.82.6
2.62.83.03.03.13.74.55.25.86.1
6.67.38.28.68.68.89.39.910.711.7
12.112.913.513.413.313.413.313.313.513.9
14.615.616.717.2
8.78.88.88.98.98.68.27.67.16.7
6.46.46.46.26.16.16.05.95.65.6
6.06.68.09.29.810.611 411.912.412.7
13.113.614.014.014.214.514.715.015.215.6
16.317.318.118.9
5.45.86.06.26.66.76.56.15.75.4
5.35.55.75.65.75.75.85.65.55.9
6.87.58.59.29.49.59.79.810.010.3
10.711.111.611.611.711.912.012.112.413.0
13.814.815.917.0
0.8.9.91.01.01.0.9.8.7.6
.6
.7
.7
.8
.8
.8
.9
.9
.9
.9
1.01.31.72.12.32.52.72.93.13.2
3.43.64.14.44.85.25.56.06.77.8
8.911.013.516.5
.5
.6
.6
.7
.7
.7
.6
.4
.3
.2
.2
.2
.3
.3
.4
.4
.5
.5
.51.6
1.82.12.83.84.14.54 74.85.15.2
5.55.86.26.36.46.66.87.17.47.9
8.69.29.810.4
3.33.53.74.04.24.44.44.23.93.7
3.73.73.94.04.14.55.05.15.15.7
6.47.28.79.910.812.013.314.816.417.7
19.020.522.222.923.825.126.227.528.630.1
32.034.236.438.1
2.62.82.93.03.73.93.93.63.43.7
4.25.15.85.96.46.97.76.86.05.6
6.37.49.211.011.913.114 114.113.913.5
13.914.114.013.413.714.214.415.516.818.2
20.222.523.925.5
.1
.6
.4
.4
.64.03.32.42.22.4
3 14.04.54 04.04.65 23.52.31.5
1.12.23.85.06.27.57 46.66.76.8
7.77.57.26.46.36.66.56.87.48.0
9.09.69.810.5
0.1.1.1.2.3.3.2.24.4
3.3.32.2.33.3.2.2
.2
.5
.6
.6
.6
.66.7.8.8
.81.01.31.41.92.32.73.13.13.3
3.84.75.97.9
3.53.53.43.30 0
3.33.33.12.92.7
2.52.42.32.42.42.52.83.03.33.3
3.53.74.44.54.44.24 34.44.44.3
4.24.24.44.54.64.64.54.5'4.44.5
4.64.64.64.5
18.117.917.416.816.416.115.113.912.811.9
11.110.610.49 89.39.19.19.18.88.6
8.58.48.79.510.410.811 512.112.412.2
12.212.312.612.211.911.611.110.910.510.6
10.811.311.311.2
0.5.6.6.6.7.7.7.66.6
6.6.67.7.77.6.6.7
.91.21.62.02.32.62 93.23.53.7
3.94.24.44.54.64.95.15.35.86.6
7.38.39.110.0
2.01.91.81.81.81.71.61.41 31.2
1 21.21.11 11.01.11.21.21.21.2
1.21.41.72.02.22.42 52.62.72.8
3.03.23.43.63.84.14.34.54.85.2
5.76.16.56.8
Net stocks using double declining balance depreciation (billions of 1958 dollars)
19251926 -192719281929193019311932. ..19331934- .
19351936—193719381939
52.554.454.655.457.456.753.348.244 442.2
41.943.846.445.345.7
47.549.049.149 651.250.447 442.839 537.5
37 038.440.539 439.6
12.713.313.513.814.314.113.412.211 310.7
10.510.911.511.311.4
2.22.52.83.03.23.23 12.92 72 6
2 52.52.62 62.6
1.92.02.02 02.12.12.0.98. 7
7.6.66
1.5
1.31.31.21.21.21.21. 11.09.8
.8
.8
.9
.9
.9
1.01.1.23.4.44.21.0
.1
.2
.4
.5
.5
2.62.72.82.93.13.13.02.72 42.2
2.22.22.32.42.4
0.7.8.8.8.9.9.8.6.5.4
.3
.4
.5
.5
.5
1.11.21.21.21.41.31.11.0.9.8
.81.01.11.11.1
2.22.32.42.62.72.72.62.32. 12.0
2.02.22.42.42.5
6.97.07.07.07.06.76.45.85.45.1
4.94.95.04.94.8
4.34.64.85.05.35.35.14.74.34.1
4.04.24.54.44.5
0.7.7.7.8.8.8.7.6.5.5
.5
.5
.6
.6
.6
1.21.21.31.31.31.31.21.11.0.9
.91.0.1.01.01.1
2.62.83.03.23.53.63.53.33.02.9
2.82.83.13.13.3
2.02.22.22.32.93.13.02.72.62.9
3.44.24.84.75.1
2.93.23.03.03.22.72.21.61.51.7
2.32.93.22.72.8
0.1.1.1.2.2.2.2.1.3.3
.2
.2
.2
.2
.2
2.72.72.72.62.62.62.62.42.22.1
1.91.81.81.91.9
14.314.113.713.112.812.611.610.69.79.0
8.38.08.07.57.1
0.4.5.5.5.5.5.5.5.5.4
.4
.5
.5
.5
.5
.5
.5
.4
.4
.3
.3
.2
.1
.0
.9
.9
.9
.8
.8
.8
See footnote at end of table.
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February 1969 SURVEY OF CURRENT BUSINESS 27
Table 3.—Constant Dollar Gross and Net Stocks and Mean Age of Equipment, by Broad Industry Group, 1925-68—Continued
SERVICE LIVES: BULLETIN F-15 PERCENTWIN* REY DISTRIBUTION
YearAll
indus-tries i
Industry
Non-farm
Man-ufac-tur-ing
Types of equipment
Fur-ni-
tureandfix-
tures
Fab-ri-
catedmetalprod-ucts
En-ginesandtur-
bines
Trac-tors
Agri-cultur-
alma-chin-ery(ex-cepttrac-tors)
Con-struc-tionma-chin-ery
Min-ingandoil-
fieldma-chin-ery
Metal-work-
ingma-chin-ery
Spe-cial in-
dus-tryma-chin-ery
Gen-eral
indus-trialma-chin-ery
Office,com-put-ingandac-
count-ingma-chin-ery
Serv-icein-
dus-tryma-
chines
Elec-tricalma-chin-ery
Trucks,buses,and
trucktrail-ers
Pas-sen-gercars
Air-craft
Shipsand
boats
Rail-roadequip-ment
In-stru-
ments
Mis-cel-
lane-ous
equip-ment
Net stocks using double declining balance depreciation (billions of 1958 dollars)—Continued
19401941194219431944 . .
19451946194719481949 ...19501951195219531954
1955195619571958 . . .19591960196119621963 -1964
196519661967 .1968
48,352 150.048 149.1
54.261.473.083.188.394.499.9103.9108.5111.1
116.0120.9125.2125. 3127.9131.4132.8137.0142.2150.4
161.5175.5187.9200.0
41.945.143.141 642.3
46.953.763.972.275.880.484.988.692.695.1
99.9105.1109.8109.7112.3116.2117.7121.9126.6134.5
144.8157.8169.4180 8
12.012 912.912 813.3
14.817.521.524.525.626.628.630.331.933.5
34.636.938.938.638.238.538.539.139.942.0
45.550.253.657.0
2.72 92.92 82.7
2.83.13.63.94.14.34.64.95.15.4
5.86.26.56.77.07.47.68.18.69.1
9.610.310.811. 1
1.51 61.61 71.8
2.02.42.93.33.43.63.94.34.75.1
5.35.65.96.26.36.46.46.46.56.8
7.37.88.28 4
.91.0.99
1.0
.3
.3
.4
.6
.82.02.22.42.62.9
3.23.43.63.94.14.24.34.44.54.5
4.64.85.56 3
1.61 9.81 6.8
.9
.92.22.73.13.53.84.04.14.0
4.14.14.03.94.03.73.63.53.63.8
4.04.54.74 8
2.52.72.82 83.0
3.43.54.04.85.45.96.46.76.97.0
7.17.17.07.27 47.37.37.37.47 5
7.88.28.68 8
.6
.6
.66.5
.91.41.82.32.32.42.52.62.62.5
2.62.82.72.72.92,92.82.83.03.3
3.63.94.54.6
1.11 41.41 41.4
1.81.81.81.91.91.92.02.12.12.1
2.22.32.32.12.12.01.91.81.92.0
2.02.12.22.3
3.13.84.44 95.1
5.46.06.77.06.97.07.57.98.69.5
9.810.510.910.710.510.610.410.410.611.0
11.712.613.513.9
4.84 74.64 44.4
4.75.46.67.78.18.79.39.710.010.1
10.410.811.111.111.211.511.611.912.012.4
13.113.914.615.2
4.54 64.44 34.7
5.56.16.97.57.57.57.67.67.98.1
8.48.89.29.29.29.49.49.59.810.3
11.011.912.813.7
.67.76.7
.71.01.41.71.81.92.12.22.42.4
2.62.83.23.43.74.04.24.75.26.1
6.98.710.713.1
.12.11.2
.4
.72.33.13.33.63.63.73.94.1
4.34.54.84.85.05.15.35.55.86.2
6.77.27.78.1
3.74 14.14 14.6
5.26.07.38.38.99.810.812.113.314.3
15.216.417.818.218.919.920.922.022.824.0
25.627.529.230.5
5.56 15.14 44.2
4.85.97.48.99.310.211.010.710.510.2
10.610.810.710.110.510.911.012.013.114.2
15.817.618.519.8
3.33 72.31 51.0
.81.72.93.64.55.45.24.64.84.9
5.65.25.04.44.54.74.64.95.45.8
6.56.86.97.5
.22.21.1
.2
.4
.5
.4
.5
.5
.4
.5
.6
.7
.6
.81.11.11.61.92.12.42.32.5
3.03.74.86.4
2.02 32.52 82.8
2.93.13.73.73.5o o
3.43.53.53.3
3.33.33.53.63.73.73.63.63.53.6
3.73.73.73.6
7.07 27.26 96.9
6.86.77.07.88.68.99.610.010.29.9
9.79.810.19.79.39.18.78.48.28.3
8.69.19.19.0
.6555.5
.71.01.31.61.82.12.32.62.82.9
3.13.33.53.53.63.84.04.24.65.3
5.96.67.38.0
g999.9
.91.11.31.61.71.92.02.02.12.2
2.42.52.72.83.03.23.43.63.84.1
4.54.85.15.3
Mean age of gross stocks (years)
19251926192719281929193019311932.19331934
19351936 _ .19371938193919401941194219431944
19451946 _19471948 _19491950 _19511952.19531954
195519561957 _195819591960196119621963 .1964
1965 _ _196619671968
8.88.88.98.98.89.09.39.810.210.5
10.610.410.110.110.09.79.39.39.49.3
8.88.37.56.96.66.46.36.36.36.4
6.56.56.66.76.86.97.07.07.06.9
6.86.66.46.3
9.0' 8.99.09.19.09.19.510.010.410.7
10.810.610.310.310.29.99.59.59.69.5
9.18.47.67.06.86.66 46.46.46.5
6.56 56.56.76 86 86.96 96.96.8
6.76.56.36 2
8.18.08.18.18.18 28.58.99 39.5
9.69.59.39.39.39 08.68.68.58.3
7.97.26.56.16.16.16 06.16 26.3
6.46 56 56.87 07 27.47 57.57.5
7 37.06.96 7
7.26.86.56.36.26 36.67.07 57.8
8.28.48.58.68.78 68.48.38.48.4
8.27 77.26 96.86 76 66.56 46.4
6.46 36 46 56 56 66 66 76 76 7
6 76 66 76 7
9.79.69.69 79.69 79.910.210 510.8
11 111.211.311 511.611 611 511.411 110.7
10.29 38.47 87.57 37 16 86 66.5
6 66 76 87 07 3767 88 18 38 3
8 38 18 18 1
10 910 911.011 010 910 911 111 411 711 9
12 011 911 411 210 910 510 310 410 39 8
8 68 78 37 77 47 07 06 97 o6 9
6 97 17 27 37 57 88 08 38 68 8
9 19 28*98 5
4.64.95.05 35.66 16.67.38 18.7
9 08 98.68 58 58 37 98.08.58 3
8 08 07.56 96 56 1'5 85 75 65 8
5 75 86 06 26 26 56 66 76 66 5
6 25 85 75 5
9.49.49.49 49.29 29 510.010 410.8
10 910 810.610 310 210 09 59.19.08 5
8 07 87 36 76 46 36 36 36 568
7 07 37 67' 88 0g' 28*58 68*78 8
8 78 68 58 4
4.04.04.14.14.14 34 75.25 86.2
6 35 95.34 74 33 93 73.73.94 3
3 52 92 72 73 03 33 63 84 14 4
4 54 54 54 44 34 34 44 44 34 1
4 03 93 73 8
5.04.95.05 04.95 05 45.86 16 3
6 25 85.55 45 25 04 54.64.84 9
4 64 84 94 9515 25 25 25 35 4
5 45 35 25 45 4545 55 55 55 4
5 25 14 94 8
8.18.08.17.97.98 18 59.09 59 8
9 89 69 29 39 18 47 57.06 76 7
6 66 46 26 46 76 97 o7 17 171
7 37 37 47 77 98 18 38 48 58 4
8 38 27 97 g
8.28.38.48.58.68 89.19.49 710.0
10 210 110.010 110 010 09 99.89.89 6
9 28 57 67 06 86 66 56 56 66 8
6 97 07 27 57 77 88 08 18 28 2
8 17 97 g7 g
7.17.06.96.96.g6 97.17.47 78.0
8 18 07.87 97 87 87 77.77.77 4
6 86 56 16 06 16 2
6 56 668
6 86 86 97 07 07 17 17 17 17 0
6 86 76 56 4
4.54.34.24.14.14 34.64.95 25.3
5 35 04.64 34 13 93 73.84.04 0
3 93 43 02 93 03 13 33 53 63 8
3 83 83 63 63 63 63 63 g3 63 5
3 43 23 13 0
6.05.95.85.85.85 96.16.46 76 9
6 96 76.46 36 05 75 55^55 55 3
5 04 74 13 73 73 94 14 3454 7
4 84 94 84 94 94 94 94 94 94 8
4 74 64 54 5
8.18.07.97.87.77 77 98.38 79 1
9 39 39 19 29 18 78 38.48.48 0
7 57 16 56 26 16 05 95 9i 85 9
6 06 16 16 36 56 56 66 66 76 7
6 66 56 46 4
3.13.23.43.63.43.53.84.14.44.4
4 34.14.04 24.34 54 55.25.96.3
6.25 85.24 74.64 44 34.44 64.7
4 74 74 84 94 94 84 74 54 44 2
4 14 04 04 0
1.91.92.02.12.12.22.42.72.72.5
2.22.12.12.42.52 42.32.93.54.3
4.93 52.52.22.22.12 22.42 52.6
2 62 83 03 33 43 33 33 33 i3 0
2 82 82*82 8
2.72V72.92.52.63.13.64.43.23.7
4.24.74.95.15.14 74.44.75.25.3
4.73.02.93.23.33.74 14.04.04.0
4.13 73 43 53 13 13 23 3363 8
3 73 63 43 1
13.113.113.313.513.613.513.513.914.414.8
15.315.415.415.015.114 613.813.112.312.0
11.511.110.110.010.110.310.310.310.410.7
11.011 111 011.011 111 211 311 411 511 5
11 311 211 011 1
12.713.013.413.714.014.214.715.315.916.3
16.817.017.017.317.517.517.317.217.116.9
16.716.616.015.014.013.512.812.211.811.8
11.811 611.411.611 912 112.412 713 013 1
13 012 812.913 0
6.26.36.46.66.56.66.87.17.47.7
7.87.77.47.47.27.17.17.47.37.2
6.25.34.54.14.04.14.14.24.44.7
4.85.05.15.35 45.35.35 35.25.0
4 94.84.74 7
5.75.75.75.75.65 65.65.75.95.9
5.95.75.65.65.45.04.74.54.44.4
4.44.13.93.73.73.83.94.14.34.4
4.64.74.84.84 94.94.94.94.94.9
4.84.84.95.0
1. The sum of the detailed types of equipment may exceed the all industries total because the latter includes an allowance for receipts from the sale of scrap.Source: U.S. Department of Commerce, Office of Business Economics.
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CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEYOF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical dataas follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicatedby an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthlySURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein correspondingto revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided throughthe courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1965 1966 | 1967
Annual total
1965
IV
1966
I II III IV
1967
I II III IV
19681
I II III IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
}ross national product, total f _ bil $
Personal consumption expenditures, total do
Durable goods, total 9 doAutomobiles and parts doFurniture and household equipment.- _ do
Nondurable goods, total 9 doClothing and shoes _ doFood and beverages _ . doGasoline and oil do
Services, total 9 doHousehold operation. doHousing doTransportation do
Gross private domestic investment, total do _.
Fixed investment _ _ doNonresidential do
Structures doProducers' durable equipment do
Residential structures doNonfarm___ _ _ do
Change in business inventories... _ doNonfarm . . . . do
Net exports of goods and services doExports doImports _ do
Govt. purchases of goods and services, total, .doFederal. _ _ do
National defense doState and local _ do
By major type of product: fFinal sales, total do
Goods, total doDurable goods doNondurable goods do
Services _ _ doStructures . do
Change in business inventories doDurable goods doNondurable goods.. . do
GNP in constant (1958) dollars
ross national product, total t bil. $._
Personal consumption expenditures, total do
Durable goods doNondurable goods doServices _ do
Gross private domestic investment, total do
Fixed investment doNonresidential . doResidential structures .. do
Change in business inventories do
Net exports of goods and services do
Govt. purchases of goods and services, total doFederal doState and local. _ . do
684 9
432.8
66 330.326.9
191 135.998.815 3
175 525.663 512.6
108.1
98 571.325 545.827.226 79.68 6
6.939.232.3
137.066 950.170 1
675 3337.6133 0204 7262 974.8
9.66.73 0
617.8
397.7
66.6178 6152 5
99.2
90 166 323.89.0
6.2
114.757 956.8
747 6
465.5
70 530.429.8
206 739 8
106.416 6
188 327.167 313 6
120.8
106 181 328 552.824.824 314 714 9
5.143 138 1
156.277 460 678 8
732 8367.5145 7221 8288 0
77 3
14.710.24 5
657.1
417.8
71 3186 9159 5
108.8
94 973 821 113.9
4.0
126.565 261.3
7897
492.2
72 630.431.4
215 842 1
109 418 1
203 829.070 915 0
114.3
108 283 627 955.724 624 06 15 6
4 845 841 0
178.490 672 487 8
783 6390 8156 4234 5314 877 9
6 13.03 1
673.1
430.5
72 4191 1167 0
99.5
93 g73 719 95.9
2.4
140.774 865.9
710 0
447.4
68 930.628.9
197 837 4
102 315 9
180 726.465 113 2
113.2
103 576 227 848.327 426 99 78 5
6.040 534 5
143.370 152 573 2
700 3351 1138 5212 5271 078 2
9 74.65 1
636.6
409.2
69 8183 3156 1
103.4
94 070 323 89.3
5.7
118.459 658.7
728 4
457.8
71 631.829.3
202 839 2
105 116 0
183 426.266 013 3
116.8
105 978 628 650.027 326 810 910 7
6 042 136 1
147.872 555 375 3
717 5360 5143 3217 3277 579 5
10 97.63 3
648.6
415.7
72 9185 5157 3
106 1
95 g72 223 610.3
5.3
121.561 859.6
740 4
461.1
68 228.929 0
206 339 4
106 816 4
186 726.966 813 6
121.0
105 679 828 151.725 825 215 415 4
5 242 637 3
153.175 658 677 4
725 0362 6142 2220 4284 7
77 7
15 49.95 5
653.3
414.8
69 2186 9158 7
109.5
94 772 722 014.7
4.3
124.764 060.7
753 3
469.3
71 030.330 4
208 340 5
107 016 7
190 027.567 613 6
119 9
107 082 628 953! 724 423 912 813 3
4 543 639 1
159.579 963 079 7
740 4371 0147 3223 7292 377 2
12 810.52 4
659.5
420.0
71 8187 8160 4
107.4
95 574 820 712.0
3.6
128.566 961.6
768 2
473.7
71 130.530 4
209 340 3
106 917 1
193 327.868 813 8
125.7
105 984 228 255.921 721 119 820 2
4 544 239 7
164.381 565 482 7
748 4375 3150 2225 1298 1
74 9
19 813.66 3
687.1
420.6
71 4187 5161 7
112 3
93 775 418 218.6
2.9
131.367 963.4
772 2
480.9
69 828.131 1
212 940 9
108 717 7
198 228.169 714 7
113 0
104 683 529 054.521 120 58 48 3
5 245 540 3
173.187 470 085 8
763 8381 5151 1230 4306 376 1
8 43.35 0
665.7
424.8
70 1190 3164 4
99 8
91 874 217 68.0
3.0
138.172 765.4
780 2
490.3
73 431.231 2
215 342 4
108 917 8
201 628.770 414 8
107 6
105 482 727 255.522 722 12 32 2
5 145 540 4
177.390 072 187 2
778 0391 8157 1234 7310 975 3
2 3.6
1 7
669.2
431.2
73 7191 6165 9
94.2
92 073 318 72.3
2.8
141.075 i66.0
795 3
495.5
73 131.031 4
216 442 8
109 118 3
205 929.271 215 1
114 7
109 383 327 755.626 025 45 34 8
5 446 140 6
179.691 372 988 4
789 9393 6157 3236 2317 578 8
5 33.81 6
675.6
431.8
72 6191 1168 1
99 3
94 073 220 85.2
3.1
141.475 665.8
811 0
502.2
74 23l!431 8
218 442 3
110 818 6
209 629.972 215 5
121.8
113 585 027 757.328 527 98 37 1
3 446 042 6
183.593 574 690 0
802 7396 5159 9236 6324 781 5
8.34.24 1
681.8
434.1
73 0191 6169 5
104.7
96 774 022 78.0
1.0
142.075 666.4
831 2
519.4
79 034.633 3
226 544 6
113 619 7
213 930.374 016 2
119.7
117 688 629 g59.029 128 52 11 6
1 547 546 0
190.597 176 893 4
829 1412 8166 7246 1330 485 8
2.11.5
6
692.7
444.9
77.3196 5171 0
101.5
99 576 523 02.0
-.1
146.578 168.4
852 9
527.9
81 035.433 9
228 244 8
116 419 4
4J18 731.075 416 3
127 3
116 587 028 558.529 528 910 810 4
2 049 947 9
195.7100 079 095 6
842 1417 6169 1248 5339 285 4
10 86.24 6
703.4
447.5
78 9196 1172 6
107.3
97 474 522 99.9
-.6
149.280 169.1
871.0
541.1
85.138.135.4
232.747.2
117.720.0
223.431.576 916.8
127.1
119 690.128 861.329.528 97 57 3
3.352 649 4
199.6101 279 698 4
863 5429 5175 1254 4347 686 4
7 54.92 5
712.3
455.7
82 5198 5174 8
105 8
99 076 622 46.8
.7
150.17Q ^70 R
r 887. 4
'546.8
'85.1'38.2'34.5
r 233. 7r46. 7
' 118.6r 20 0
228 031.978 617.1
r 136. 6
126 0r 94 3r 29 9r64.5r31 6r ?! 0
r 10 6r 9 7
T 1 0r 50 1r49 1
'203.0r 101 7
80 0T 101 2
r 876 8T 432 4r 177 gr 254 6r 353 7
r 90 7
r 10 6••5.6r 5 0
' 718. 4
' 455. 4
r 81 7T 197 3r 175 4
r H3 1
r IfM ^r 7Q cr 9^ Q'9.6
' -1.3
'151.2r 7Q 1r71 S
'Revised. * Preliminary. 1 Annual totals for 1968 for national income and productand disposition of personal income appear on p. 9 ff of this issue of the SURVEY. t Revisedseries. Estimates of national income and product and personal income have been revised back
to 1965 (see p. 19 ff. of the July 1968 SURVEY for data beginning 1965); revisions prior to May1967 for personal income appear on p. 28 ff. of the July 1968 SURVEY. 9 Includes data notshown separately.
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S-2 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1965 1966 | 1967
Annual total
1966
I II III IV
1967
I II III IV
1968 «
I II III IV
1969
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income total t bil $
Compensation of employees total do
Wages and salaries, total. doprivate doMilitary . . _ doGovernment civilian do
Proprietors' income, total 9 doBusiness and professional 9 doFarm do
Rental income of persons do
Corporate profits and inventory valuation adjust-ment, total bil $
By broad industry groups:Financial institutions doNonfinancial corporations total do
Manufacturing total doNondurable goods industries do
Transportation, communication, and publicutilities bil $
All other industries do
Corporate profits before tax total doCorporate profits tax liability doCorporate profits after tax do
Dividends doUndistributed profits do
Inventory valuation adjustment doNet interest _ do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total bil $Less* Personal tax and nontax payments do
Less: Personal outlays© do
NEW PLANT AND EQUIPMENTEXPENDITURES
Unadjusted quarterly or annual totals:All industries bil $
Manufacturing doDurable goods industries! _doNondurable goods industriesi do
Mining doRailroad doTransportation, other than rail do___Public utilities do.Communication doCommercial and other do
Seas. adj. qtrly. totals at annual rates:All industries do
Manufacturing doDurable goods industries^ do.Nondurable goods industries^ do
Mining _ doRailroad doTransportation, other than rail doPublic utilities doCommunication doCommercial and other do
U.S. BALANCE OF INTERNATIONALPAYMENTSd"
Quarterly Data Are Seasonally Adjusted(Credits +; debits -)
Exports of goods and services (excl. transfers undermilitary grants) mil $
Merchandise, adjusted, excl" military doTransfers under military sales contracts doIncome on U S investments abroad doOther services do
Imports of goods and services doMerchandise, adjusted, excl. military.. _doMilitary expenditures doIncome on foreign investments in the U S doOther services do
Unilateral transfers, net (excl. military grants);transfers to foreigners (—) ._ mil. $
564 3
393.8
358.9289.612.157.135 0
57.342 414.819.0
76.1
8.767 439 316 622 8
11 116.9
77 831 346 519.826 7
— 1 718.2
538.965 7
473 2444.828 4
51.9622.4511.4011.05
1.301.732.816.944 94
11.79
39 19726 244
8305 8946 229
—32 296-21,516—2 945
1 729—6 106
-2. 834
620 8
435.6
394.6316.9
14.663.141 1
60.744 815.919.8
83.9
10.273 742 818 824 i
12 018.8
85 634 651 021.729 3
— 1 720.8
586.875 3
511 6478.632 9
60 6326.9913.9913.00
1.471.983.448.415 62
12.74
43 14429 176
8296 2526 887
—38 063-25^ 541
—3 7362 074
—6 712
-2. 925
652 9
468.2
423.4337.1
16.370.044 8
60.746 314.420.3
80.4
10.370.139 218 021 2
11.819.0
81 633.548 122.925 2
— 1 223. 3
628.882 5
546 3506.240 2
61.6626.6913.7013.00
1.421.533.889.885 91
12.34
45 75730,4681 2396 8597 191
—40 988-26,991
—4 3392 293
— 7 365
-3.075
604 0
420.6
381.0306.713.660.639 6
61.544 516.919.5
82.7
9.872.842 918 524 4
11.818.1
85 234.550 821.629 1
—2 619.8
570.470 4
500 0470.5
29 5
12.775.612.872.74
.33
.40
.751.601.262.83
58.0025.6013.1512.45
1.401.753.308.255.35
12.35
10 5287,'l88
2001 4781 662
—9 020-6',036
—872476
— 1 636
-845
615 1
430.8
390.2314.014.262.140 5
60.844 716.119.7
83.4
10.273.242 618.823 8
12.118.5
85.634.651 021.929 1
—2 220.4
580.374 7
505 5474.231 4
15.296.783.513.27
.40
.551.002.091 423.06
60.1026.8013.8512.95
1.552.003.508 305 50
12 45
10 6457,179
2191 5371*710
—9 336-6J263
—923479
— 1 671
-732
626 7
441.4
399.8320.8
14.964.141 5
60.244 715.519.9
84.2
10.473.842 719 023 6
12.119.0
86 735.051 621.929 7
—2 521.1
592.176 8
515 4482.532 9
15.576.843.543.30
.37
.48
.822.361 363.33
61.2527.5514.3513.20
1.451.853.408.555 60
12.85
10 9127,369
2051 5891 749
—9 778-6,567
—962556
— 1,693
-701
637.3
449.7
407.2326.015.565.742 5
60.245 215.120.0
85.3
10.474.943 318.824 5
12.019.6
85.034.450 721.629 1
322.0
604.579 2
525 4487.338 1
17.007.754.073.68
.38
.55
.862.361.583.52
62.8027.7514.5013.25
1.452.353.508.505.95
13.30
11 0597,440
2051 6481,766
—9 929-6, 675
-979563
— 1,712
-647
638.6
456.7
413.3330.215.867.243 4
60.145.714.420.1
79.5
10.369.239 318.321 0
11.718.1
79.932.847.122.524 6-.422.2
614.880 5
534 2494.639 7
13.596.103.083.02
.32
.41
.701.841.352.87
61.6527.8514.2013.70
1.401.803.059.205 75
12.55
11 3717,661
3351 5941,781
— 10,078-6,686-1,072
—560-1,760
-730
645.1
461.8
417.6332.8
15.968.844.2
60.546.114.420.2
79.6
10.269.539. 117.921.2
11.818.6
80.333.047.323.224.1-.722.9
621.680.1
541 5504.537 0
15.616.813.463.34
.34
.411.122.461.492.99
61.5027.0013.7513.25
1.301.553.909.705.80
12.25
11 3777,703
3361 5561,782
— 10,108-6,605-1,065
—560-1,878
-859
656.9
471.5
426.3339.416.170.845.2
61.246.614.620.4
80.2
10.369.938.517.920 6
12.019.4
80.833.247.623.524.1-.623.6
633.783.6
550 0509.540 5
15.406.483.333.15
.37
.35
.982.661.463.09
60.9026.1513.5012.65
1.451.404.109.806.05
11.95
11 5137,626
2451 8271,' 815
—10,154-6,541-1,098
—575-1,940
-845
670.9
482.7
436.4346.017.173.346.2
61.146.814.320.5
82.3
10.671.739 918.021 9
11.920.0
85.435.150.322.527 9-3.124.3
645.285.6
559 6516.143 4
17.057.303.823.48
.39
.361.072.921.623.39
62.7026.0013.5012.55
1.501.404.45
10.656.05
12.65
11 4967,478
3231 8821,813
-10,648-7, 159-1, 104
—598-1,787
-641
688.1
496.8
448.3355.717.575.248.4
61.847.214.620.7
83.8
11.072.941.319.022 3
12.519.0
88.939.849.123.625 5-5.125.0
662.788.3
574 4533.540 8
14.255.792.962.82
.36
.37
.982.331.482.93
64.7526.3513.6512.70
1.551.654.35
11.606.35
12.85
11 8607,924
3061 7421,888
-11,534-7,867-1,110
—660-1,897
-642
705.4
507.1
457.6362.817.877.049 4
62.647.814.820.9
89.2
11.277.944 919.725 2
12.520.6
91.841.150 724.426 3
-2.725.8
678.191 9
586 3542.344 0
15.876.503.223.28
.36
.381.042.971.513.11
62.6525.8012.8013.00
1.401.453.65
11.655 90
12.80
12 5578,325
3621 9501,920
-11,965-8,320-1, 123
-704-1,818
-713
722.5
519.7
469.0370.918.979.150 7
63.448.015.421.0
91.6
11.979.745 320.325 0
13.021.4
92.741.551.225.226.0-1.026.7
694.3101.6592 7555.637 i
16.086.633.373.25
.34
.361.122.961.503.18
63.4526.6513.6513.05
1.351.404.60
10.906.15
12.35
pl3 247p 8,840
p 405v 2 048p 1,954
p- 12,369p-8,578p-l,15C
p— 735p- 1,906
p-754
530.7
479.0' 379. 2
18.881.151.7
63.748.215.521.2
25.4
••-3.827.6
708.2' 105. 8' 602.4' 561. 6
r 40 9
U8. 337.864.033.83
.42
.401.323.13
35.20
167. 2528.1014.1513.90
1.601.505.35
11.45
3 19. 25
P 8,243
p-8,46
2 15. 626.503.283.22
.36
.41
.962.64
«4.74
2 71. 1529.6015.1014.50
1.551.804.30
13.20
320.65
r Revised. p Preliminary. « See note 1 on p. S-l.1 Estimates for Oct.-Dec. 1968 based on anticipated capital expenditures of business.2 Estimates for Jan.-Mar. 1969 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1968 are as follows (in bil. $): All industries, 64.53;manufacturing, total, 26.78: durable goods industries, 13.58; nondurable goods industries,13.19; mining, 1.49; railroad, 1.51; transportation, 4.46; public utilities, 11.38; communication,6.26; commercial and other, 12.65. »Includes communication.
fSee corresponding note on p. S-l. 9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by con-sumers, and personal transfer payments to foreigners.
§Personal saving is excess of disposable income over personal outlays.IfData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.cf More complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec.
issues of the SURVEY. Revised data back to 1960 appear on p. 32 ff. of the June 1968 issue.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-3
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1965 1966 1967
Annual total
1966
I II III IV
1987
I II III IV
1968
I II III IV
1969
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONALPAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase(-) mil. $..
Transactions in U.S. Govt. assets, excl. officialreserve assets; increase ( — ) _ __ mil. $
Transactions in U.S. official reserve assets, net;increase (— ) mil. $
Transactions in foreign assets in the U.S., net (U.S.liabilities); increase (+) mil. $
Liquid assets doOther assets do
Unrecorded transactions doBalance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities toall foreigners; decrease (— ) _ mil. $
Balance on official reserve transactions basis— in-crease in U.S. official reserve assets and decrease inliquid and certain nonliquid liabilities to foreignofficial agencies; decrease ( — ) mil $
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
-3792
-1,562
1,222
382113269
-317
-1,335
-1, 289
1966
-4,298
-1,535
568
3,323789
2,534-214
-1, 357
266
1967
Annual
-5,505
-2,411
52
6,7053,5193,186-535
-3,571
-3,405
1967
Dec.
-1,011
-362
424
484206278
-198
-630
-409
-1,114
-496
68
1,11025
1,085-145
-93
-116
-1,010
-330
82
594219375231
-301
692
-1,163
-347
-6
1,135339796
-102
-333
99
-975
-708
1,027
343-522
865-250
-505
-1,764
-1,104
-572
-419
2,143941
1,202-458
-522
-806
-1,788
-501
-375
1,9431,177
766207
-802
247
-1,638
-630
-181
2,2761,923
353-34
-1,742
-1,082
-707
-788
904
1,150-2171,367-243
-687
-556
-1,448
-645
-137
2,780301
2,479-429
-164
1,528
p-1,768
*-499
p-571
*2,270»530
v 1, 740*444
'80
'425
*958
*262
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.*
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE t
Seasonally adjusted, at annual rates: tTotal personal income bil. $
Wage and salary disbursements, total doCommodity-producing industries, total.do
Manufacturing doDistributive industries do
Service industries doGovernment. . do
Other labor income . _ doProprietors' income:
Business and professional .. doFarm _ . do
Rental income of persons. _ ._ doDividends doPersonal interest income. doTransfer payments doLess personal contributions for social insurance
bil. $..
Total nonagricultural income do
FARM INCOME AND MARKETINGS J
Cash receipts from farming, including Governmentpayments, total t — mil.$_.
Farm marketings and CCC loans, total doCrops doLivestock and products, total 9 do
Dairy products. doMeat animals doPoultry and eggs do
Indexes of cash receipts from marketings and CCCloans, unadjusted: t
All commodities 1957 59—100Crops doLivestock and products do
Indexes of volume of farm marketings, unadjusted: tAll commodities 1957 59 100
Crops doLivestock and products do
INDUSTRIAL PRODUCTION d"
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) <f._ 1957-59 =100By 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
586.8
394.6159.4128 093.9
63 677.720.8
44.815 9
19.821.743.143 9
17.8
566.1
46, 457
43, 18018, 25624 9245,532
14, 8594 149
133132135
120121120
156.3
158 6164.8150.8120 5173.9
155.5147 5166.5141 4172.6
157 0156.9157. 2
628.8
423.4166.6134 1100.5
70 086.323.3
46.314 4
20.322.946.851 7
20.4
609.3
45,867
42 78818,38324 4055 770
14,6303 640
132133132
194124124
158.1
159 7163.7154 6123 8184 9
158 3148 5159.0145 1179.4
157 8151.9163.9
652.6
444.2173.0139 1103.8
73 294.224.4
47.014 3
20.621.149.053 2
21.2
633.0
3,877
3 8331,9211 912
4881,098
295
142167124
137162119
160.8
162 6169.3154.3122 0
161 1150 5174.7142 8183.9
160 5154.2167.0
654.9
443.0173.1140 0104.5
73 691.924.7
47.114 4
20.623.249.454 5
22.1
635.1
' 3, 718
3 6601,6042 056
4851 247
283
r I3g
140133
r 1 V)
144124
159.1
160 1166.1152 5120 2
159 1148 9168.3142 8181.0
159 1151.7lfifi.7
663.0
449.7176.6141 6105.9
74.692.625.0
47.214.6
20.723.649.854.9
22.4
643.1
' 3, 073
2 889953
1 936461
1,179256
r JOS83
126
r 97
76112
162.7
164 2168.9158.3123 7
162 4153 4174.7146 6181.7
162 8156.1169.7
670.0
452.2177.0142 2106.5
75.293.425.2
47.514 8
20.723.950.257 8
22.4
649.9
••3,044
2 870854
2 016505
1 191287
r 107
75131
r 94
62118
164.6
166 4170.5161.2125 3
164.8156 2179.8148 7183.4
164 5157.7171. 5
672.6
453.2176.7141 6106.9
75.594.225.5
47.614.8
20.824.350.858.1
22.6
652.4
'2,964
2 846812
2 034512
1 218268
r 10671
132
r 91
53120
163.2
165.1169.4159.8127.3
160.8151.7175.1144 2180.4
165 4158.8172.2
678.2
457.5179.3144 3107.4
76.194.725.7
47.814.8
20.924.751.358.2
22.8
658.0
'3,015
2 981835
2 146541
1 287282
r HI
73139
r 97
54128
165.2
167.4172.1161.6128 6
162.6153 7178.5145 9181.6
167 6162.4173.0
683.7
462.2179.9145.6109.7
77.095.526.0
47.914.8
20.924.351.958.5
22.9
663.4
' 3, 166
3 1481,1891 959
5231 110
299
r H7
104127
r 109
100116
169.4
171 6175.4167.0128 9
168.8161 2184.5153 8185.1
169 9164.8175. 1
689.2
465.4180.6146 0109.9
77.597.426.3
48.015.1
21.025.052.459.1
23.1
668.7
' 3, 767
3 6131,5222 091
4941,255
323
r 135
133136
126135120
160.3
160 4164.1155.7127 1
159. 1149 6153.5148 3179.6
161 3155.1167.6
694.1
468.7181.1146.3111.2
78.298.226.5
48.015.4
21.025.252.959.6
23.2
673.3
'4,774
3,6761,4882,188
4831,333
355
r 137130142
r 129131127
163.3
163.0160.5166.3130.7
162.0154 2141.5158 3178.6
164 5153.1176.3
699.7
472.8183.3147.8112.1
78.898.626.8
48.015.7
21.125.353.459.9
23.3
678.6
'5,235
4,0701,7442,326
4771,455
377
' 151152151
r 137142132
169.5
170.5170.6170.5128.6
171.9165.9178.5161.9184.6
167.5157.4177.9
703.2
474.9184.7148.8112.1
79.199.027.0
48.115.6
21.225.354.060.4
23.4
682.2
'5,654
5,2582,7252,533
4991,641
376
' 196238164
182228148
' 170. 7
' 173. 4173.5
' 173. 3122.8
' 172. 6' 167. 5
192.7' 159. 5'183.6
' 169. 0158.9
' 179. 3
708.0
478.9186.1149.7113.3
79.899.627.3
48.215.5
21.225.454.360.8
23.5
687.0
'4,994
4,9572,7452,212
4851,351
358
184240144
173233129
' 169. 0
171.2'174.4' 167. 2126.8
' 169. 4' 161. 7' 191. 2
152.3' 185. 9
' 169. 0' 159. 7' 178. 6
' 713. 5
' 483. 3'188.5' 151. 1' 113. 2
'80.7'100.9
27.6
48.315.5
21.325.5
'54.7'61.0
23.5
692.5
' 4, 146
4,0971,9532,144
5161,233
364
153171139
144172122
' 167. 2
'168.6' 173. 6' 162. 3' 126. 5
166.8' 157. 0
182.0
'188.0
'168.2159.7
' 176. 1
715.1
485.7188.9151.9114.3
81.6101.027.8
48.415.4
21.325.355.161.5
25.3
694.1
167.0
167.9171.7163.1125.1
167.3158.7183
185.7
166.9157177
' Revised. P Preliminary. § See note marked "cf" on p. S-2. t See correspondingnote on p. S-l. J Series revised beginning 1960 (annual data for 1960-68 and monthly datafor 1965-68, for dollar figures only, now include Alaska and Hawaii, monthly data back to 1965appear on p. 39 of the Jan. 1969 issue of the SURVEY.
cf Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY; those for Jan.-Aug. 1967 willbe shown later. 9 Includes data for items not shown separately.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-4 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan. p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION.?— Continued
Federal Reserve Index of Quantity Output— Con.
Seas, adj., total index (incl. utilities) <?_ 1957-59 = 100.By 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. _ d oNonelectrical machinery doElectrical machinery. _ do
Transportation equipment 9 - - doMotor vehicles and parts doAircraft and other equipment do
Instruments and related products _ doClay, glass, and stone products doLumber and products doFurniture and fixtures doMiscellaneous manufactures do
Nondurable manufactures. . doTextile mill products doApparel products doLeather and products doPaper and products do
Printing and publishing doNewspapers, _ _ do
Chemicals and products doIndustrial chemicals do
Petroleum products do
Rubber and plastics products doFoods and beverages do
Food manufactures doBeVerageS (JQ
Tobacco products do
Mining doCoal doCrude oil and natural gas.. ._ ._ . do
Crude oil _ doMetal mining _ doStone and earth minerals do
Utilities . doElectric ' doGas do
By market groupings:Final products, total d" do
Consumer goods . . _ doAutomotive and home goods _ _ _ d o _ _
Automotive products doAutos doAuto parts and allied products do
Home goods 9 doAppliances, TV, and radios doFurniture and rugs do
Apparel and staples doApparel, incl. knit goods and shoes__doConsumer staples do
Processed foods do
Beverages and tobacco doDrugs, soap , an d toiletries doNewspapers, magazines, books.. _doConsumer fuel and lighting do
E quipment , including defense 9 doBusiness equipment do
Industrial equipment doCommercial equipment doFreight and passenger equipment ..doFarm equipment do
Materialsc? doDurable goods materials 9 . _ do
Consumer durable doEquipment doConstruction do
Nondurable materials 9 _ _ _ doBusiness supplies do
Containers doGeneral business supplies do
Business fuel and power 9 doMineral fuels doNonresidential utilities do
r Revised. * Preliminary. <f See correspondir
156.3
158.6
164.8142.7136.2166.2163.0158.8
183.8181.9186.4166.9168.7165.0
176.5140.7119.4171.9157.9
150.8142.5150.1111.7152.1
142.1134.2193.2221.0128.3
191.9128.7126.6139. 9120.0
120.5117.0118.0119.3133.4133.5
173.9179.61,56.1
155.5147.5166.5
163.0169.5154.4168.9166.6165.7
141.4139.5142.0126.4
133.2173.5136.5159.9
172.6181.2172.3190.1208.3167.5
157.0156.9166.5180.7141.7
157.2149.0145.6150.6
136.6122.5172.9
ig note on
158.1
159.7
163.7132.5126.8153.2161.9158.1
183.4183.4183.3165.7146.5182.1
184.8138.7116.9167.7157.3
154.6142.0147.6106.3153.6
146.8134.2203.8236.0133.4
193.5132. 6130.1146.0120.3
123. 8120.4123.1126.3120.3135.4
184.9191.8163.0
158.3148.5159.0
149.1145.7153.6166.0159.6159.6
145.1136.2147.6130.0
137.4182.7140.1168.9
179.4182.8170.2200.9215.4158.7
157.8151.9143.9184.5139.6
163.9152.9148.5155.1
144.3129.2183.3
p. S-3.
162.1
164.1
168.1140.9140.9145.2162.4160.0
182.2179.5185.8177.5166.9186.3
186.3143.6125.7170.7155.7
159.0151.9150.9114.8157.4
144.1129.9211.4249.4137.9
215.4134.4130.5155.5120.5
122.8119.2123.5126.497.1
142.7
192.6200.8166.8
162.1153.0169.0
170.0175.1163.3168.3158.7166.5
147.9139.2150.4130.4
143.7184.3138.5177.5
181.5183.4168.9204.7228.4131.2
162.0155.1159.4184.9142.1
169.2154.7152.0156.0
146.2129.3188.9
161.2
162.7
167. 2136.3134.2145.6163.9159.4
183.4180.7186.9175.6162.2186.8
186.7140.8118.1171.3158.9
157.1147.6145.2110.4155.9
143.3129.9211.8250.9134.8
206.7133.5130.7148.2114.4
121.6113.4123.6127.4100.0135.3
196.7205.2169.8
160.8151. 3167.0
164.2163.2165.4169.1159.3166.4
146.2136.5149.0129.5
136.8184.2138.4176.9
181.4183.3168.0204.2226.4148.3
161.7154.9162.3183.9142.8
168.7154.4154.3154.5
147.2128.9193.4
162.0
163.6
167.6139.3137.8154.1165.7160.9
183.2180.6186.6175.1161.1186.5
184.7137.3119.3173.0160.7
158.6148.8146.4109.7157.1
145.9131.4213.8251.8135.7
212.3133. 2130.7146.7132.1
123.9116.8124.5129.7102.8145.0
199.0207.3172.8
162.0152.9167.9
162.7158.0168.8171.5162.6169.2
148.1137.3151.2130.6
141.8185.9141.5179.6
181.6182.9165.8206.1230.1146.4
161.8155.4162.2186.7144.8
168.3151.1144.5154.4
149.1131.4194.4
163.0
164.6
168.2140.2140.8151.3166.6162.7
183.3180.2187.3177.6167.8185.4
183.8131.0125.0173.7159.9
160.0149. 9148.5113.7159.2
146.8133.7215.0252. 7136.1
215.7134.5131.4151.2122.9
126.2126.0126.0130.9108.7141.2
198.0206.4171.8
163.5155.0173.1
173.4172.7174.4172.9164.8169.9
149.2140.3151.7131.3
141.7187.5142.1179.4
181.8183.3167.0205.4227.8150.6
162.8156.7160.1185.1145.8
169.1150.1142.8153.8
150.8134.3193.6
9 In
162.5
163.7
167.2143.3143.1154.5161.4156.9
179.4176.9182.8175.3164.8183.5
181.4146.1123.9174.1158.8
159.5146.3148.9114.6159.5
145.8130.8215.2256.2137.3
209.4135.3131.9153.3112.1
127.1124.4124.8128.7139.9137.1
196.5204.9170.0
161.7153.5169.5
168.7166.8171.2170.1156.8170.1
148.3139.9150.7131.2
139.4186.1142.1177.3
179.4180.9165.9204.4220.8140.3
163.1157.1154.6181.9144.4
169.3152.0150.9152.6
150.2132.6194.6
eludes d
164.2
165.8
169.8148.5146.4161.2165. 0159.8
179.9176.6184.2180.4173.6185.4
181.2146.4122.7178.9160.6
160.8147.2149.6118.0161.1
149.8134.4216.6255.5139.9
214.3134.0131.9145.0120.0
126. 9120.4126.6131.2131.4135.0
196.1205.0168.4
163.0154.6173.6
178.1182.3172.6170.4156.7174.6
148.6139.5151.2131.0
136.6190.0145.3177.0
181.1182.5165.8203.6231.5145.1
165.2159.4163.0183.6145.3
171.2154.5155.6154.0
151.7133.7197.0
ata for ite
165.8
167.3
171.0148.6148.4150.4166.1161.8
181.7178.8185.5182.6174.2188.6
181.3145.1123.4178.0160.9
162. 7148.8151.4115.8162. 9
149.6134.7219. 3258.0140.6
218.0135.5132.2153.1122.8
129.2126.7128. 4132.4130.8136. 9
197. 9207.0Igq 2
165.2156.8176.4
180.7183.5177.1173.4161.6174.8
150.6140.8153.4132.2
142.9192.0143.6180.8
183.2184.3168.0204.6234.0144.2
166.7160.4166.2184.8145.6
173.9159.0158.9159.0
153.2136.4196.7
ms not s
166.0
167.4
170.8145.8146. 6153.6166. 215!). 7
182. 7179. 8186.5183. 2174.3189. 3
179. 2145. 2120.6177.8161.1
163.0150.9150.4107.0164. 1
149. 5134. 7222.4264.4139. 5
222. 4135.1132.7147.9123.4
130.0126. 6129. 2134. 0134.1137.1
199. 3208. 2171 3
164.7156.4175.2
180.4183.7176.1171.5161.8174.5
150.4139.4153.5132.9
139.6192.6144.2180.8
182.6183.4167.5202.4234.3139.6
167.4159.8167.7185.8143.7
175.3157.9156.0158.8
154.1136.9198.2
hown se]
164.6
165.7
167.8122. 8112.9153. 9166.3159. 1
183.8179. 1190. 1181.7175.4185.7
182.6147.5114.7178.6161.4
163.0151. 4149. 0109. 5164. 1
151. 1137.7221. 0262. 7140.7
223. 1135. 3131.5155.7123. 1
129. 4121. 312' (.3134. 8134. 5137. 5
202. 1211. 5172 6
164. S15H. S175. ti
177.1182.4170.2174.6168.0174. 0
150.7139.8153.9132.5
144.7190.6143.6182.6
181.9182.4164.7204.6233.2145.8
164.2153.3153.5185.3143.3
175.5158.4154.2160.5
154.3136.6200.3
parately.
165.1
166.3
1*8. 7120.6in;. 3Ititf. -2167.6161. 1
186.4182. 6191. 4isu. 5173.5184.7
184. 3150. 0119.4179. 7162. 0
163.3152. 0149. 9109. 3166. 1
150. 0140. 92°° 4263! 2141.9
223.4135.4131.5156. 0124. 0
127.0120. 8126. 8131. 2127.7136.5
204.8214.7
165. 7157. 3175. 8
175.6177.4173.2175. 9170. 4175. 5
151. 5139. 6154.9132.5
145. 2193.6140. 7186.0
183.6185. 2167.8205.9235.6152.9
165.1153.3166.1185.1145.5
177.2161.1163.4160.0
153.3134.1202.8
' 166. 0
' 167. 8
169.3' 123. 1
108. 1' 174. 0
172. 2165. 1
186.1183.7189. 318(i. 4177. 0181.0
185. 8' 151. 8
119.4180.4162. 1
' 165. 9' 153. 3r 152. 1••113.0' 166. 7
151. 2138.4
* 227. 8' 268. 2r 142. 2
225. 8' 137. 3' 133. 3' 158. 6
120.8
120. 786.6
125.5129.1
' 125. 1132. 2
' 208. 9••219. 3
' 167. 0' 159. 6
177. 6
178.9180.3177.0176.7171.8174.2
' 153. 9r 142. 3r 157. Ir 133. 2
' 145. 9199. 8145.8188.7
' 183. 0' 186. 8
170.2' 207. 3' 234. 3
155.3
' 165. 7' 155. 4
166.5184.7146.3
' 176. 4' 162. 3' 167. 4r 159. 8
r 149. 3126.0
' 206. 3
167.4
' 168.9
' 171. 5' 129. 5••115.7' 175. 2' 173. 5' UK 3
' 188. 0' 185. 5' 191. 3' 180. 2' 177. 7' 179 0
* ISS. 5* 150. 4<• 126. 0' 18L 7r 162. 5T 165. 6' 155. 0
152. 6111.6
' 170. 1
' 152. 3140. 8
' 224. 8260.3
' 142. 2
227.5' 136. 1r 132. 8
153.7119.9
' 126. 4115.9
* 126. 3' 128. 6r 135. 1r 135. 5
' 207. 3216.7
r 167. 9' 159. 3' 179. 5
' 181. 2180. 6
' 182. 1' 178. 3r 171.8' 177. 0
152.8142. 1
r 155.9r 132. 0
142.3'200.4' 146. 0
186.4
' 186. 6••191.4r 174. 0' 208. 7' 247. 4
155.7
' 167. 6r 157. 7' 169. 6T 187. 7' 148. 5
' 177. 7'164.5' 169. 2' 162. 1
' 152. 6' 131. 4
206.1
168.9
' 170. 4
' 172. 8' 137. 1' 126. 6
181.7' 174. 0- 170. 9
189.2187.2
' 191. 8' 178. 2' 174. 5' 178. 5
•• 189. fi' 151. 1
126. 0' 182. 9' 164. 8
r 167. 4
156.0
171.8
' 152. 3139.5229. 8
142.2
137.7134.5
r 127. 7' 118. 3
125. 7127. 8138. 2146.4
r 209. 5
168.4160.0178.1
178.2174.5183.0178.0167.2180.7
" 157.8134.5
201.0147.5
' 186. 4' 191. 0
174.3206.3247.0
' 169. 7' 159. 9
164.9188.7149.0
' 179. 9163.9165.4163.2
' 152. 8131.0
169.4
170.7
172.8140128
173163
190188194176172175
190151
184165
168.2
152
126.9115126128
211.0
168.9160.6179
177171
"158""
186.5193
170.1160
180
153131
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1666 SURVEY OF CURRENT BUSINESS S-5
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (unadj.), total c? mil. $
Mfg. and trade sales (seas, adj.), totald" do
Manufacturing, total o* . doDurable goods industries doNondurable goods industries do
Retail trade, total d" doDurable goods stores doNondurable goods stores do
Merchant wholesalers, total doDurable goods establishments doNondurable goods establishments do
Mfg. and trade inventories, book value, end of yearor month (unadj.), total d1 mil. $
Mfg. and trade inventories, book value, end of yearor month (seas, adj.), totald* -- mil. $
Manufacturing, total c? doDurable goods industries doNondurable goods industries do
Retailtrade, total 1 . .. doDurable goods stores doNondurable goods stores do
Merchant wholesalers, total doDurable goods establishments doNondurable goods establishments do
Inventory-sales ratios:Manufacturing and trade, total cf ratio
Manufacturing total of doDurable goods industries do
Materials and supplies doWork in process. . doFinished goods do
Nondurable goods industries do . .Materials and supplies. _ _ . io.Work in process doFinished goods do
Retail trade, total d" doDurable goods stores doNondurable goods stores. . . do
Merchant wholesalers, total doDurable goods establishments.. . . . .. <3"Nondurable goods establishment^ .do
MANUFACTURERS' SALES, INVENTORIES,AND ORDERS
Manufacturers' export sales:Durable goods industries:
Unadjusted total mil $Seasonally adj., total* do
Shipments (not seas, adj.), totald" do
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
Motor vehicles and parts doInstruments and related products do
Nondurable goods industries total 9 doFood 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.), total d11 doBy industry group:
Durable goods industries total 9 doStone, clay, and glass products doPrimary metals do
Blast furnaces, st -el mills doFabricated metal products doMachinery except electrical doElectrical machinery doTransportation equipment do
Motor vehicles and parts doInstruments and related products do
Nondurable goods industries total 9 doFood and kindred products doTobacco products doTextile mill products . . doPaper and allied products .. do . . .Chemicals and allied products do
U,046,213
U,046,213
1538,506295, 624242, 882
1303,95698,301
205, 6551 203, 751
91, 026112, 724
135,513
137, 184
78, 12549, 79728, 32838,36817,30921, 059L'0. 69112, 1128,579
1.48
1.621.85.58.81.46
1.34.5420
.601.442.001.181.141.49.85
11, 436
538,506
295, 62414, 63449,53024,54430, 91346,68240,79975, 27847. 1408,841
242, 88279,7294,772
19,60820, 41140, 79720, 40311, 978
Petroleum and coal products do iRubber and plastics products do
11,067,539
11,067,539
1548, 542299,680248, 862
1313,809100, 173213, 636
i 205,18890,447
114, 741
142, 213
143, 772
82,81953,54029,27939, 31817,40321, 91521, 63512, 5439,092
1.58
1.772. 08.62.94.52
1.40
'*!.64
1.472.031.211.221.61.91
12, 853
548,542
299,68014, 47945, 86722,84631, 44352,06641,44374, 86343,0969,500
248, 86283, 0174,768
19, 24121, 12042, 34721, 21112, 597
r Revised. 1 Based on data not seasonally ;i«ljusted. 2 Advancterm "business" here includes only inamifaetnrir.p ami trade; businesson p. S-l cover data for all types of producers, both '"arm and nonfarm.manufacturing are shown below and on p. S-6; those for wholesale and reand S-12. cTFeries revised to reflect l»euclm>iirkiiis? manufacturing dof manufactures totals for 1961 to lw*» m.i v'iirvwer forward the revisecand to reflect revision of the retail sai-v xiinj.ie. Oou pU te details and
96,953
91,970
47,96126, 61021, 351
26,3688,422
17, 946
17,6417,9809,661
142,213
143,772
82,81953,54029,27939, 31817,40321,91521,63512,5439,092
1.56
1.732.01.59.93.50
1.37.53.21.63
1.492.071.221.231.57.94
1,3371,204
46,923
26,6441,1823,7661,9262,6734,7483,7177,2954,120
862
20, 2796,967
3991,6371,7763,2181,7731,007
47,961
26, 6101,3194, 0272,1402,7864,6933, 6246,6863,748
816
21, 3517,141
4051,7421,8553,5861,7741,046
e estimsn ven torUnadjustail tradeata to anI levels tdata bac
86,378
93,077
48,44726,92521, 522
26,9368,502
18,434
17,6947,8929,802
143,308
144,106
82,89053,52529,36539, 57517, 56622,00921,64112,4339,208
1.55
1.711.99.58.92.50
1.36.53.21.63
1.472.071.191.221.58.94
1,1391,210
45,421
25, 1371,0883,8722,0422,5864,2253,3036,8154,051
815
20,2846,716
3591,5971,7953,4521,7331,014
48,447
26, 9251,2854, 0122,1142,8894,6393,5566,9033,938
921
21, 5227,036
3961,7501,8843,6111,7621,075
ite. §1es as sheted dataon pp. £
nual suro June 1k to 1961
90,002
93,821
48,35626, 71121,645
27, 5128,871
18,641
17,9538,1719,782
144,921
144,819
83,40854,00929,39939,78817,70922, 07921,62312,4469,177
1.54
1.722.02.59.93.50
1.36.52.21.63
1.452.001.181.201.52.94
1,1371,175
48,976
27, 0701,1544,1892,2182,7704,7943,6016,9713,997
864
21,9067,084
3861,7951,9173,6841,8151,108
48,356
26, 7111,3034,0562,1582,7894,6473,5606,7033,821
888
21,6457,066
4021,7801,9003,6641,8081,095
Phewnfor-11vey968,for
95,315
94,612
48,44626,84421, 602
28,1459,062
19,083
18,0218,1419,880
146,430
145,153
83,75954,29529,46439, 77617,72322, 05321,61812, 5099,109
1.63
1.732.02.59.93.50
1.36.52.21.64
1.411.961.161.201.54.92
1,1691,091
50,491
28,2901,2044,4112,3622,8645,0263,7087,3104,207
922
22, 2017,151
4061,7671,9793,8161,8211,134
48,446
26, 8441,2574,1192,1652,8134,6783,5786,7463,766
903
21,6027,112
4131,7221,9133,6191,8561,086
manuManuthe Bnew rinvenseries;showr
95, 757
94,436
48,75526,88821, 867
27,6758,871
18,804
18,0068,1639,843
148,157
146,487
84,38254,72429,65840, 24218, 11322, 12921,86312, 7779,086
1.55
1.732.04.60.94.50
1.36.51.21.64
1.452.041.181.211.57.92
1,2031,184
50,068
27,8341,3484,5842,4162,8654,9303,4036,9933,976
880
22,2347,014
3871,7361,9814,0191,7871, 232
48,755
26,8881,3304,2632,1942,8144,6853,4736,6893,701
892
21, 8677,095
3941,7411,9523,6971,8031,161
'acturingfacturersureau ofetail salttory-salejsee corr
i separate
98,459
96,043
50,01427,50922,505
28,1329,081
19, 051
17,8978,0589,839
149,140
147,808
85,27855,23430,04440,60618,24822,35821,92412,6649,260
1.54
1.712.01.60.92.49
1.33.50.20.63
1.442.011.171.231.57.94
1,2681,223
50,596
28,2831,3734,6632,4572,9004,8083,3617,4104,423
909
22,3137,233
4211,7652,0143,9691,8111,245
50,014
27,5091,3294,4232,2882,8414,6573,4757,0204,092
923
22,5057,267
4211,8042,0233,8111,8241,204
, for wh' Shipmcthe Cen
is sampl<> ratios) Iespondinaly.
100,011
97,554
50,72927,63323,096
28,4519,290
19, 161
18, 3748,152
10, 222
148,890
148,522
85,58255,44230, 14040,84218, 44022, 40222,09812, 7759,323
1.52
1.692.01.60.92.49
1.30.49.20.61
1.441.981.171.201.57.91
1,2561,222
53,163
29,6061,4024,8522,6173,0155,1653,7177,4664,395
994
23,5577,680
4371,8922,1234,1271,9551,252
50,729
27,6331,2634,6032,5042,8114,7493,6016,8013,879
944
23,0967,499
3991,8042,0453,9661,9111,182
ich metl]mts, Invsus (Wai3. Revist>ack to 1g note o
94,408
98,496
51, 42528,21123,214
28,8029,402
19,400
18, 2698,3099,960
148,138
149,063
85,82955, 46130,36841,06518, 47522, 59022, 16912,9239,246
1.51
1.671.97.59.89.48
1.31.49.20.62
1.431.971.161.211.56.93
1,1801,314
47,378
25, 6121,2974,3522,5542,7034,3763,1516,0863,0%
860
21,7667,455
4191,5851,9013,5881,8371,099
51, 425
28, 2111,2804,7412,7202,8984,7403,5037,1483,874
926
23,2147,754
4081,8672,0563,8811,8241,210
odologyantories,5h., D.Cid manu)61 appesn p. S-l
96,310
97,360
49,82526,83722,988
29,0379,567
19, 470
18, 4988,301
10, 197
148,320
149,923
86, 71356,06930,64441, 01018, 50122,50922,20013,1669,034
1.54
1.742.09.63.95.51
1.33.50.21.63
1.411.931.161.201.59.89
1,1521,261
47, 967
24, 6921,4033,5361,4972,8964,5193,3894,9762,126
955
23,2757,729
4381,8192,0413,9401,8841,160
49, 825
26,8371,2953,6621,5162,7994,8533,5036,9063,966
969
22,9887,721
4181,7462,0164,0141,8691,197
and sailand Ord<
20233).facturingir on p. 22. *N
98,605
99,096
51,44127, 98523,456
28,8639,699
19,164
18, 7928,554
10,238
149,122
150,725
87,10956,45830,65141, 42418, 62222, 80222,19213, 0649,128
1.52
1.692.02.60.92.50
1.31.49.20.62
1.441.921.191.181.53.89
1,2751,293
52,950
28,4041,4493,9121,5792,9655,0293,7547,0674,0181,062
24,5468,251
4231,9812,1864,2041,8971,221
51,441
27, 9851,3473,9631,6262,8595,0753,5457,2274,188
999
23,4567,812
4111,8482,1174,0611,8841,221
iple desiirs: 1961-See note
and tra2 ff . of thew series
103,413
'99,654
52,56028,96023,600
'28,676'9,37219,304
18, 4188,5369,882
152,201
152,122
87, 56656, 65730,90942, 22019, 16523,05522, 33613, 2189,118
1.53
1.671.96.58.89.49
1.31.49.20.62
1.472.041.191.211.55.92
1,3701,356
54,016
29,5411,4964,1251,7543,0795,0943,6817,8354,7491,025
24,4758,115
4121,9562,1744,1091,9051,321
52,560
28,9601,3904,2201,8353,0055,1943,5297,5554,329
989
23,6007,869
4211,8052,1124,0611,8901,276
gn rema1968— Semarkedide salese Nov. 1
9Ir
'101,513
'100,115
'52,548'28,786'23,762
'28,779'9,272
'19,507
'18,788'8,764
'10,024
'153,987
'152,936
'87,947'56,953'30,99442,48819,36123, 127
'22,501'13,332' 9, 169
1.53
1.671.98.58.91.49
'1.30'.48.20.62
1.482.091.191.201.52'.91
' 1, 399'1,378
'52,495
'28,831' 1, 325' 4, 051
1,698'2,852' 4, 968'3,692' 7, 932' 4, 665' 1, 043
'23,664'7,997
'420' 1, 863' 2, 077' 3, 923' 1, 910' 1, 239
'52,548
'28,786' 1, 334' 4, 180
1,807'2,896' 5, 185' 3, 586' 7, 568' 4, 238' 1, 028
'23, 762'8,003
'418'1,788' 2, 089' 4, 139' 1, 919' 1, 279
in uncharies M3-1•T for ]and im
968 SURVicludes d
103, 281
98, 462
51, 51427, 78723, 727
28, 0839,074
19,009
18, 8658,833
10,032
151,816
153,651
88, 43857, 32931,10942, 75019, 46123,28922,46313, 2779,186
1.56
1.722.06.60.95.52
1.31.49.21.62
1.522.141.231.191.50.92
1,3601,232
50, 227
27, 6931,2403,9391,7142,7005,0973,6357,2933,9301,031
22, 5347,818
4131,7181,9893,5781,8701,250
51, 514
27, 7871,3784,1821,9022,8074,9923,5546,8403,717
974
23, 7278,019
4201,8222,0734,0001,8751,296
nged, aj.1, availsp. S-ll r7entoriesEY. 1ata for it
pear inble fromegarding(except
Revisedems notDigitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-6 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,AND ORDERSrf1— Continued
Shipments (seas, adj.)— ContinuedBy market category:
Home goods and apparel- mil. $Consumer staples _ - do -_Equipment and defense prod., excl. auto. doAutomotive equipment doConstruction materials and supplies doOther materials and supplies do
Supplementary market categories:Consumer durables doDefense products (old series) doDefense products* doMachinery and equipment do
Inventories, end of year or month:Book value (unadjusted), totaled do
Durable goods industries total doNondurable goods industries total do
Book value (seasonally adjusted), totald*___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
Motor vehicles and parts doInstruments and related products _ _ do
By stage of fabrication:^Materials and supplies 9 do
Primary metals doMachinery (elec. and nonelec.).--doTransportation equipment do
Work in process 9 doPrimary metals doMachinery (elec. and nonelec.)---doTransportation equipment do
Finished goods 9 doPrimary metals doMachinery (elec. and nonelec.)---doTransportation equipment do
Nondurable goods industries, total 9 _. doFood 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
By stage of fabrication:Materials and supplies doWorV 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 .. do_.Other materials and supplies do
Supplementary market categories:Consumer durables doDefense products (old series) doDefense products* doMachinery and equipment do
New orders, net (not seas, adj.), totalcf doDurable goods industries, total doNondurable goods industries total do
New orders net (seas adj ) total^1 doBy industry group:
Durable goods industries, total 9 .. . doPrimary metals . do
Blast furnaces, steel mills doFabricated metal products do._Machinery, except electrical doElectrical machinery _ _ doTransportation equipment do .
Aircraft, missiles, and parts do
Nondurable goods industries, total do._.Industries with unfilled orders® .doIndustries without unfilled orders? do
By market category:Home goods and apparel _do_.Consumer staples . doEquip, and defense prod., excl. auto doAutomotive equipment doConstruction materials and supplies do._.Other materials and supplies do_
Supplementary market categories:Consumer durables doDefense products (old series) doDefense products* . . do
152,1691101,7491 76, 153152,926143,344'212,165
122,661134,076
158,928
77, 89949, 49628, 403
78, 125
49,7971,9077,2264,0395,415
10, 2487,930
10, 7623,7061,863
15, 4842,8074,9042,872
21, 9762,4128,5816,764
12,3372,0074,6931,126
28,3286,9222,2263,0722,1855,2301,8611,582
11, 2664,255
12, 807
8,44110, 82318,3164,5526,467
29, 526
4,1458,476
12, 832
551, 250308, 504242, 746
1551,250
308, 50450, 79625, 07532, 14650, 20542,90979, 41425, 790
242,74665, 113
177, 633
153,2361101,749183,013152,7461 44, 2641217,242
122,728139,263
151,2061106,412184, 149148,769142,9161215,090
123,461139,279
163,709
82, 56153, 21729,344
82, 819
53, 5401,9527,6444,3195,465
10, 9058,157
12, 6793,8272,013
15, 5922,8154,7852,968
24, 6752,6719,0218,527
13, 2732,1585,2561,184
29,2797,0942,2693,2322,1905,6001,9711,601
11,2474,496
13, 536
8,58911,29720,9554,6406,445
30,893
4,33310, 307
13, 689
551, 138302, 265248, 873
1551,128
302, 26545,39323,03732, 55751, 71441, 74976, 84928, 620
248, 87366, 285
182, 588
150,9661106,416186,057148,306144,0191215,374
123,257142,473
4,4299,1427,7144,2353,846
18, 595
2,0413,696
5,619
82, 56153,21729,344
82,819
53, 5401,9527,6444,3195,465
10,9058,157
12, 6793,8272,013
15, 5922,8154,7852,968
24, 6752,6719,0218,527
13, 2732,1585,2561,184
29,2797,0942,2693,2322,1905,6001,9711,601
11,2474,496
13,536
8,58911,29720, 955
4,6406,445
30, 893
4,33310, 307
13, 689
47, 83827, M520,293
49, 463
28,0564,3132,4183,3354,6043,6987,2773,046
21, 4075,893
15, 514
4,4299,1338,3304,2544,392
18, 925
2,0364,356
4,5819,1187,6874,4213,806
18, 834
2,0443,7321,9305,560
83,20053, 46529, 735
82,890
53, 5251,9527,6604,3065,464
10, 7848,180
12,7173,9112,007
15, 4892,7814,6743,044
24, 6412,6439,0688,481
13, 3952,2365,2221,192
29,3657,1222,2923,2972,2025,5761,9781,596
11,3064,482
13, 577
8,67811,38220,8084,7156,479
30,828
4,37410,3086,686
13, 565
46, 22725, 93020, 297
48,353
26, 8374,4242,5262,7984,5913,2616,9192,494
21,5165,930
15, 586
4,4959,1037,3204,4543,655
19,326
1,9553,506
Machinery and equipment do 163,214 ^62,999 5,495 5,466r Revised. 1 Based on data not seasonally adjusted. 2 Advance estimate. d"
corresponding note on p. S-5. *New series; see corresponding note on p. S-7. 9 Includata for items not shown separately. 0 Includes textile mill products, leather and produpaper and allied products, and printing and publishing industries; unfilled orders for ot
4,5049,0907,6874,2853,941
18, 849
2,0253,7392,0635,560
84, 01254, 28529,727
83, 408
54, 0091,9497,6744,3185,542
10, 8088,224
12,9753,9812,034
15, 6482,7724,6923,106
24, 9262,6219,1258,647
13, 4352,2815,2151,222
29,3997,1282,2633,3382,2345,5741,9561,611
11, 2494,497
13, 653
8,70111,39220,9954,8336,554
30,933
4,37110, 4866,696
13, 589
49, 53827, 59321,945
48, 453
26,8144,3642,4012,7194,5413,6426,6622,464
21, 6395,979
15, 660
4,5649,0917,6244,2313, 826
19, 117
2,0853,8611,5955,380
Seedescts,her
4,4379,0947,7564,2353,916
19,008
1,9973,8382,0505,567
84,30454, 58529, 719
83, 759
54,2951,9307,7154,3225,585
10,8438,261
13, 1084,0732,044
15,8402,7964,7213,204
25, 0782,6299,1838,714
13,3772,2905,2001,190
29, 4647,1102,2483,3892,2365,6211,9701,620
11,1284,508
13,829
8,71311,34621, 089
4,9076,559
31, 145
4,36910, 5376,677
13, 663
51, 87929, 70622, 173
49, 566
28,0054,2442,2622,7754,4643,5308,0893,781
21, 5615,887
15, 674
4,4499,1018,9434,2993,866
18,908
1,9945,0731,3115,382
nonduHFo
produprodu
4,5659,1497,7634,2093,988
19, 081
2,0013,7191,9285,633
85, 06955, 20829, 861
84, 382
54, 7241,9277,7244,3415,691
10, 9548,291
13, 2634,1392,033
16, 0712,8214,8003,260
25, 2142,6219,2108,801
13, 4392,2825,2351,202
29,6587,0812,2513,3932,2615,6511,9551,668
11,2284,522
13,909
8,83811, 36021, 2504,9966,609
31,329
4,35910, 6126,862
13, 759
50, 45328, 17222, 281
49, 237
27, 3734,2442,3962,8194,6583,3667,3263,173
21, 8646,041
15,823
4,5129,1518,2844,2413,989
19,060
1,9444,4281,4665,492
rable gor these icts, petrccts) sales
4,8259,3467,7434,6223,966
19, 512
2,0353,7631,9485,578
85, 82855,73130, 097
85, 278
55,2341,9407,6574,3025,823
11,0618,400
13, 4304,1182,025
16,3792,8724,9033,295
25, 3922,5709,2438,941
13, 4632,2155,3151,194
30,0447,2262,2613,4062,2845,6981,9811,674
11,3124,604
14, 128
8,92711,51421, 595
4,9976,686
31, 559
4,38610, 8727,025
13, 873
49, 51127, 17922, 332
49,650
27, 1723,9002,0142,9414,6653,3137,3432,903
22, 4786,134
16, 344
4,7379,3517,9094,5544,090
19,009
1,9624,0112,2685,447
ads induidustriesleum anare cons
4,9089,5497,8034,4013,972
20,096
2,0233,7881,9055,657
85, 77555,75630, 019
85,582
55, 4421,9577,5064,1095,963
11, 1078,352
13, 6034,1722,042
16,4982,8324,8763,379
25, 4902,5059,2609,044
13, 4542,1695,3231,180
30, 1407,2622,2783,4402,3265,6642,0211,693
11,3334,619
14, 188
8,85311, 53221,7695,0426,754
31, 632
4,34410,9457,105
14,000
52, 46928, 86623, 603
49, 850
26, 7013,8671,7552,8244,8103,7256,2591,616
23, 1496,271
16, 878
5,0899,5687,5794,4084,080
19, 126
2,2072,9632,0595,968
stries are(food ar
d coal prcidered ec
4,8659,8628,2774,4304,052
19, 939
2,0494,1262,2175,589
85,31455, 12830, 186
85, 829
55,4611,9977,2553,8316,077
11,1328,463
13, 4944,2802,056
16, 7532,8334,9073,450
25, 2372,3879,2738,845
13, 4712,0355,4151,199
30, 3687,3762,2763,3922,3385,7082,0471,704
11,3664,682
14, 320
8,93211, 67521,6045,1676,887
31, 564
4,44610,9586,987
13, 851
46, 73824, 95121, 787
50, 181
26, 9253,8591,7912,7554,9233,4766,7492,396
23, 2566,304
16, 952
4,8389,8747,8884,4313,956
19, 194
2,0343,6661,9145,714
zero,id kindn>ducts, criual to n(
4,5199,8318,0154,5593,99818,903
1,9393,7421,8235,682
86,24755,89730,350
86,713
56,0692,0037,4333,9946,10211,1748,44813,7614,4112,061
16,7812,8534,8673,496
25,5442,4699,3118,981
13,7442,1115,4441,284
30,6447,4342,2593,4742,3275,7512,0661,748
11,5084,729
14,407
9,04311,71421,7745,3066,944
31,932
4,49811,1467,138
13,846
48,44925,31623,133
50,201
27, 3293,4911,4002,9174,7663,5017,4792,492
22,8725,953
16, 919
4,4609,8278,1424,6494,13518,988
1,8843,9132,3556,027
3d produlemicalsjw orders
4,5519,9058,2344,7714,248
19, 732
1,9903,8391,8845,921
86,40956, 14130,268
87,109
56,4582,0297,5024,0656,121
11,2138,502
13,8894,2482,067
16,7042,8764,8503,436
25, 7722,4869,3059,128
13, 9822,1405,5601,325
30, 6517,4232,2193,4772,3315,7932,0831,733
11,5114,679
14, 461
9,20611,70921,9885,1726,969
32, 065
4,64311,4047,287
13, 873
53,60529,05224,553
51, 877
28, 3814,0921,6823,1035,1843,6686,9962,098
23, 4966,434
17, 062
4,6019,9318,4954,9844,480
19, 386
2,0333,5541,9195,916
cts, tobaand alliec5.
4,55910, 1268,4834,9194,304
20, 169
2,0324,0602,0705,926
86,88756, 26530, 622
87,566
56, 6572,0647,4263,9856,229
11, 1478,524
13, 8914,2572,105
16,7632,8504,8163,403
25, 8252,4519,3199,146
14,0692,1255,5361,342
30,9097,4912,2113,4702,3595,8712,1141,731
11,6094,724
14, 576
9,32711,78921, 9435,1957,129
32, 183
4,67111,4107,233
13, 851
55, 02230, 53624, 486
53, 931
30,2804,3971,9903,2715,4033,7517,7642,749
23, 6516,518
17, 133
4,57510, 1269,5274,6944,500
20, 509
2,0334,4072,3846,550
ceo prod1 product
' 4, 407'10,257'8,609' 4, 821r 4, 221
'20,233
'1,927* 4, 078'2,042' 6, 140
'87,382'56,497'30,885
'87,947
'56,953' 2, 153'7,504
4,010' 6, 229
'11,222' 8, 528
'13,844'4,221' 2, 122
'16,676'2,783'4,830'3,366
'26,085' 2, 536'9,391' 9, 139
'14,192' 2, 185' 5, 529'1,339
'30, 994'7,417' 2, 231' 3, 425' 2, 351
5,882' 2, 136'1,833
'11,512' 4, 752
'14,730
'9,460'11,758'22,018' 5, 134' 7, 236
'32,341
' 4, 727'11,458' 7, 251
'13,881
'52,136'28,471'23,665
'53,100
'29,325' 4, 475' 2, 120' 3, 225' 5, 134' 3, 505' 7, 589' 2, 654
'23,775'6,447
'17,328
' 4, 425' 10, 256' 8, 370'4,864'4,510' 20, 675
' 1, 973' 3, 895' 1, 953' 6, 089
acts, apis, and ru
4,58410, 2848,1084,2984,194
20, 048
2,0433,8282,0915,970
88,09256,93831, 154
88,438
57, 3292,2007,5584,0396,329
11,3128,488
13,9474,2482,168
16, 6332,7814,8373,385
26, 3572,5599,4269,218
14,3392,2185,5371,344
31, 1097,3722,2613,5172,3145,9002,1291,793
11,6104,868
14,631
9,46411, 75222, 1695,1787,444
32, 431
4,62311,4977,164
14,014
51, 16528, 72522, 440
53, 118
29,4584,3871,9513,1765,1833,7187,5982,794
23, 6606,398
17, 262
4,62410, 2768,6984,6484,548
20, 324
2,1204,254
i 2,4216,229
Darel ancbber and
relatedplastics
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-7
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,AND ORDERS}— Continued
Unfilled orders, end of year or month (unadjusted),totalf mil. $-.
Durable goods industries, total doNondur. goods ind. with unfilled orders0 do
Unfilled orders, end of year or month (seasonallyadjusted), total^ mil. $.
By industry group:Durable goods industries, total 9 do
Primary metals _ ___ _ . d oBlast furnaces, steel mills do
Fabricated metal products _ doMachinery, except electrical _ _ d oElectrical machinery doTransportation equipment. _ .. . _.do
Aircraft, missiles, and parts do
Nondur. goods ind. with unfilled orders© ...do
By market category:Home goods, apparel consumer staples doEquip, and defense nrod., incl. auto doConstruction materials and supplies doOther materials and supplies do
Supplementary market categories:Consumer durables doDefense products (oid series) doDefense products* doMachinery and equipment . - _ do ...
BUSINESS INCORPORATIONS^New incorporations (50 States and Dist. Col.):
Unadjusted _ _ _ . _ _ _ _ . numberSeasonally adjusted do
INDUSTRIAL AND COMMERCIALFAILURESd"
Failures, total . _ number-Commercial service doConstruction doManufacturing and mining doRetail trade doWholesale trade do
Liabilities (current), total thous. $Commercial service doConstruction doManufacturing and mining doRetail trade _ _ doWholesale trade do
Failure annual rate (seasonally adjusted)No per 10 000 concerns
79,90376, 8953,008
81, 072
77, 9877,5013,4457,819
14, 91912, 94229,02722, 465
3,085
2,37242, 8598,171
27 670
1 91728, 680
21,968
200, 010
13, 0611 3682 5101,8526 0761,255
1,385,659185. 202326 376352 861344, 346176 874
2 51 6
82,49979, 4803,019
83,686
80, 5787,0193,6448,976
14, 55113, 23531,03125, 682
3,108
2,12544,3049,313
27 944
1 69831 888
21, 243
206, 569
12, 3641 3292,2611,8325,6961,246
1,265,227144, 965323 680325 869334, 279136, 434
2 49 0
82,49979, 4803,019
83,686
80, 5787,0193,6448,976
14, 55113, 23531, 03125, 682
3,108
2 12544 3049 313
27 944
1 69831 888
21 243
17, 52518 168
83110415813334789
195 44845 72597 86825 98816, 3809 487
43 2
83, 30580, 2733,032
83, 592
80, 4907,4314,0568,885
14, 50312, 94031, 04725, 698
3,102
2 02443 9709,162
28 436
1 60931 62222 28921 149
20 43817 223
84490
15914935492
104 4917,398
23 36631 13120, 33922 257
38 2
83,86780, 7963,071
83,689
80, 5937,7394,2998,815
14, 39713, 02231,00625, 755
3,096
2 08543, 8539,047
28 704
1 66931 78421 82220 969
17,91018 014
83285
12914238888
79 6026 913
19 78624 37719' 0489 478
37 5
85, 25582, 2123,043
84, 809
81, 7547,8644,3968,777
14, 18312, 97432, 34927, 014
3,055
2 10445, 1048,997
28 604
1 66633 01921 08320 784
19, 52017 974
1,02111918814347299
88, 59310, 73816 92424 11025, 48611 335
44 3
85,64082, 5503,090
85,291
82, 2397,8454,5988,782
14, 15612, 86732, 98627, 697
3,052
2 05345, 6578,998
28 583
1 60933 72820 62220 643
19, 64118 659
1 003133152153454111
80 1077,971
10 48322 66223, 27715 714
43 5
84, 55581, 4463,109
84, 927
81,9027,3224,3248,882
14, 16412, 70533,30928, 140
3,025
1,97045, 7559,122
28 080
1 53633 97620 94120, 512
19 94018 796
90992
168150393106
91,4114,618
17 39733 12023, 34512 931
40 9
83, 86180, 7063,155
84, 048
80, 9706,5863,5758,895
14, 22512, 82932, 76727, 288
3,078
2 17045 5389,230
27 110
1 72033 15121 09520 823
18 67019 197
75192
140128317
74
74 6576 885
25 37815 36814 41512 611
36 9
83, 22080, 0443,176
82, 806
79, 6845,7042,6458,752
14, 40812, 80332, 36826, 922
3,122
2 15445 1519,133
26 368
1 70532* 69020 79220 951
19 73319 530
81088
13411938089
90 2699 942
31 27520 58919 7408 723
41 0
83,70080,6673,033
83, 184
80, 1775,5332,5298,870
14, 32112, 80132, 94127, 012
3,007
2,09145,3689,270
26, 455
1,65032,86021, 32421, 295
19, 05220, 053
73487
12910534469
65, 7666,525
14 59522 11314' 0988 435
36 5
84, 35881,3183,040
83,617
80, 5725,6622,5859,115
14, 43012, 92332,70926,604
3,045
2 16545, 8439,504
26 105
1 69232 57721, 35821, 287
19,01521 237
70568
11212632079
58 6515,857
15 70315 95113, 7217 419
40 3
85, 35782, 3073,050
84, 991
81, 8945,8402,7409,381
14,63713, 14832, 91826, 670
3,097
2,18246, 6629,700
26, 447
1 69332 92521, 67221,912
21,63621, 721
76892
15111134767
65 3846,631
18 00113 51217, 5949 646
37 5
••85,003r81,951•• 3, 052
r85,539
'82,429T 6, 133r 3, 053r 9, 71114,589••13,065••32,93626, 599
r 3, 110
r 2 199r46,468r 9, 990r26 882r 1 738r32 740r2l,584••21,862
17,770r20 356
69687
11597
34156
58 6517,9498 157
20 48216, 9085 155
35 7
85,94482 9842,960
87, 149
84, 1056,3393,102
10,08014, 78013, 23033,69426, 893
3,044
2 23147,40910, 34527 164
1 81533* 16621 91322, 122
20, 31021 055
563739390
25651
83 4145,862
11 39448 28512, 2525 621
29 9
COMMODITY PRICESPRICES RECEIVED AND PAID BY
FARMERSPrices received, all farm products}: 1910-14 = 100. _
Crops 9 doCommercial vegetables do___Cotton doFeed grains and hay doFood grains doFruit doTobacco.. do
Livestock and products? doDairy products doMeat animals doPoultry and eggs do
Prices paid:All commodities and services do
Family living items doProduction items. do
All commodities and services, interest, taxes, andwage rates (parity index) 1910-14= 100. _
Parity ratio § do
CONSUMER PRICES(U.S. Department of Labor Indexes')
Unadjusted indexes:All items 1957-59—100
Special group indexes:All items less shelter doAll items less food doAll items less medical care doCommodities do
Nondurables.. _ doNondurables less food do
Durables 9... doNew cars doUsed cars do
267237285215180185258552292294356161
297315285
33480
113 1
112 9113 0112 3109 2111 8109 7102 797 2
117.8
253224284191174177225555277305336132
302321287
34274
116 3
115 9116 8115 0111 2114 0113 1104 398 1
121.5
253231299233160169277551272319318130
303325287
34474
118 2
117 7118 9116 8\Y> 9115 6115 2106 1101 3124.8
254230351189162170270558275318324132
304327288
••347r 73
118 6
118 2119 3117 3113 2116 0115 1106 3101 0125.8
257228342168165173273560282314342131
306329290
34874
119 0
118 5119 7117 6113 5116 4115 6106 4100 8123.6
258229348164165173294560282308345132
307330291
35074
119 5
119 1120 2118 1113 9116 9116 1106 6100 6
259232365166164167298563282305348127
309333292
35373
119 9
119 6120 6118 5114 3117 3116 4106 9100 3126.3
260235333179166167303563281305348124
310335293
35473
120 3
120 0121 0118 9114 7117 8117 0106 9100 3126.7
259229292176163156302563285300354134
311335293
35473
120 9
120 4121 6119 5115 1118 2117 5107 4100 1
260221288170157150266563294307364142
311336293
35573
121 5
120 8122 1120 1115 5118 7117 6107 699 8
261226270219147149308576291315353144
310337291
35474
121 9
121 2122 6120 5115 9119 2118 1107 799 1
267230272222151150347577299329352165
311338292
35575
122 2
121 5123 0120 8116 1119 6118 9107 698 4
126.7
262228275224148155326570291335340148
312339292
35873
122 9
122 2123 8121 5116 8120 2119 7108 5102 8
262227318204156159279570292340337154
314341294
••36073
123 4
122 5124 4121 9117 1120 3120 2109 3103 8
262221327182159155244584296337343162
315341296
36073
123.7
122 7124.7122 2117 2120 7120.3108 7102 7118.7
263220333163162155251578299332349166
315342296
36372
(t r Revised. 1 Advance estimate. 2 Based on unadjusted data. If See note markedcr1 on p. S-5. 0 See corresponding note on p. S-6. 9 Includes data for items not
snown separately. *New series. Based on separate reports on defense work filed by largedefense contractors in ordnance, communications, complete aircraft, aircraft parts, and ship-building industries. It differs from the old series in that it includes defense activity in ship-building and excludes nondefense work in ordnance, communications, complete aircraft, and
aircraft parts. Further details appear in the Aug. 1968 issue of the Census Bureau CurrentIndustrial Report, Series: M3-1. _ . .
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).tRevisions for Jan. 196i-Mar. 1967 (back to Jan. 1959 for all farm products, all crops,
commercial vegetables, and fruit) are available from the Dept. of Agriculture, StatisticalReporting Service. § Ratio of prices received to prices paid (parity index).
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-8 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. M:r. Apr. May June July Aug. Sept. Oct. j Nov. Dec.
1969
Jan.?
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued(U.S. Department of Labor Indexes — Continued)
Unadjusted indexes— ContinuedSpecial group indexes— Continued
Commodities less food 1957-59 — 100Services do
Services less rent ._ _ _ - doFood 9 . - . do
Meats poultry, and fish doDairy products _ _ _ _ _ _ d o _Fruits and vegetables do
Housing doShelter? - ._. _ do _
Rent doHomeownership _ do
Fuel and utilities 9 _ - d o _ _Fuel oil and coal doGas and electricity _ _ do
Household furnishings and operation... doApparel and upkeep doTransportation do
Private ___ doPublic do
Health and recreation 9 doMedical care doPersonal care _ __ __ _ ._ doReading and recreation do
Seasonally adjusted indexes:Food doApparel and upkeep doTransportation do
WHOLESALE PRICES^(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:22 Commodities 1957-59=100
9 Foodstuffs. ___ _ _ _ _ _ do _13 Raw industrials do
All commodities do. ..By 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. __ do
Durable manufactures doNondurable manufactures _ _ _ . _ _ d o
Farm prod., processed foods and feeds do
Farm products 9 — _ _ _ _ _ _ . doFruits and vegetables, fresh and dried-doGrains _ _ _ doLive poultry doLivestock _ _ ___ do _
Foods and feeds, processed 9 _ _ do _Beverages and beverage materials _ _doCereal and bakery products doDairy products _ _ _ ___ _ _ _ _doFruits and vegetables, processed _do_ _Meats, poultry, and fish ._ do. _
Industrial commodities do
Chemicals and allied products 9 doAgric. chemicals and chem. prod doChemicals, industrial .._ _ do _Drugs and Pharmaceuticals doFats and oils, inedible. _ ___ __ _ _ _ _ d oPrepared paint... do
Fuels and related prod., and power 9 doCoal _ doElectric power _ _ Jan. 1958=100Gas fuels... doPetroleum products, refined 1957-59 =100. _
Furniture and household durables 9 doAppliances, household __ _ doFurniture, household _ _ _ _ . _ _ _ do .__Home electronic equipment do
Hides, skins, and leather products 9 doFootwear _ doHides and skins doLeather _ _ do
Lumber and wood products.. do
Machinery and equipment 9 doAgricultural machinery and equip doConstruction machinery and equip doElectrical machinery and equip doMetal working machinery and equio do
r Revised. v Preliminary. 1 Computed by (shown separately. tfFor actual wholesale prices o
106.5122.3125.0114.2114.1111.8117.6111.1114.1110.4115.7107.7108.3108.1105.0109.6112.7111.0125.8119.0127.7112.2117.1
i 109. 5i 101.9i 115.2
105.9
105. 3104.8106.9
106.0105.6105.7106.0105.3
108.9
105. 6102. 597.391.4
110.0
113.0105.8115.4118.5104.8110.2
104.7
97.8102.895.794.5
102.8106.8
101.398.6
100.3129.399.5
99.189.1
109.183.6
119.7118.2140 8121.1105.6108.5
108. 2118. 5118.999.0
118.8
)BE.f individi
109.2127.7131.1115.2111.2116.7117.5114.3117.9112.4120.2109.0111.6108,5108.2114.0115.9113.9132.1123.8136.7115.5120.1
198.1!94.7
i 100. 4
106.1
99.6105.6108.2
108.0104.7106.7108.2105.3
105.2
99.7101.692.282.2
101.1
111.7106.5117.1122.0107.2105.0
106.3
98.4103.697.494.081.3
109.3
103.6103.2100.7133.6102.2
101.090.1
112.882.5
115.8122.194 0
110.5105.4108.4
111.8122.3122.7101.8123.8
9 Includeslal commc
111.1130.1133.8116.2111.2118.1119.6116.0119.9113.5122.6109.3113.1108.7109.7116.8117.9115.8134.9126.6140.4117.2122.2
116.4116.2117.7
96.290.7
100.1
106.8
98.6106.5109.3
109.6104.8107.6109.7105.6
104.8
98.9105.085.468.297.6
111.5107.7116.9124.1113.1103.2
107.4
98.4102.298.393.877.2
112.2
102.6104.9100.9133.199.9
102.190.9
114.381.8
116.0124.389.7
109.1107.6111.8
113.2124.9126.3102.3125.8
> data fo>dities, se
111.2130.8134.6117.0111.6118.5124.1116.4120.2113.7122.9109.5113.7108.9110.6115.9118.7116.6135.5127.1141.2117.6122.7
117.2116.6118.5
96.1fO.999.8
107.2
99.1106.9109.7
110.3105.0108.1110.4105.9
105.3
99.0108.185.078.298.7
112.4107.9117.1123.8113.7105.5
107.8
98.299.598.592.976.4
113.2
101.8105.0101.0130.098.8
103.091.1
115.281.7
116.5125.687.3
108.6108.6114.0
113.9125.8127.2102.7126.1
r itemse respect
111.5131.3135.2117.4112.0118.5124.9116.9120.8113.9123.5109.8113.8109.3111.2116.6118.6116.4136.2127.5141.9117.6123.0
117.4117.1119.1
96.492.299.5
108.0
100.9107.6110.2
111.0105.9108.7111.1106.4
106.8
101.3112.586.387.0
102.7
113.3108.6117.4124.0113.8107.6
108.3
98.1100.698.593.076.7
113.2
102.5105.0101.1133.399.5
103.391.6
115.781.7
116.7125.589.5
108.9111.6117.1
114.1125.8127.7102.7126.6
notive
111.9132.1136.1117.9113.1118.7126.1117.2121.0114.2123.8109.9113.9109.3111.8117.6119.0116.7137.1128.3142.9118.4124.2
118.1117.8119.5
97.092.7
100.1
108.2
101.6107.7110.4
111.4105.9108.9111.5106.3
106.9
102.1114.585.181.4
105.7
112.9108.9117.4123.3114.4107.0
108.6
98.6101.298.793.480.0
114.1
102.0105.5101.2126.599.5
103.691.9
116.081.6
117.9125.699.3
110.3113.9120.3
114.3126.1128.3102.6127.3
comm
112.2132.5136.6118.3112.7118.8128.3117.5121.3114.4124.0110.0114.0109.5112.2118.4119.0116.8137.2128.8143.5119.0124.9
118.7118.5119.1
96.092.898.3
108.3
101.4107.9110.5
111.5106.0109.1111.8106.4
106.8
102.1112.084.781.1
105.2
112.8109.5117.3125.9114.6105.8
108.8
98.8101.698.893.480.9
114.4
102.4105.4101.3125.0100.3
103.892.2
116.281.8
118.3126.695.6
111.5115.8123.6
114.8126.2128.9103.0127.6
adities.
112. 5133.0137.1118.8113.0120.2130.7117.8121.6114.6124.3110.3115.3109.5112.5119.5119.1116.8137.3129.2144.0119.6125.3
119.4119.3119.2
94.892.996.1
108.5
102.0107.7110.9
111.2106.5109.1111.5106.7
107.9
103.6123.686.485.4
105.4
113.6109.4117.1128.9114.6107.0
108.6
98.7101.699.093.478.4
114.4
102.4105.2101.3123.6100.5
104.092.2
116.981.8
118.8127.098.2
112.5117.0125.3
115.0126.3129.4102.9128.0
OGoo
113.0133.9138.1119.1113.2120.9130.0118.7122.9114.9126.1110.3115.4109.4112.9119.9119.7117.4138.4129.7144.4120.1125.6
119.2119.9119.8
94.292.295.6
108.7
101.4107.8111.3
111.3106.7109.4111.6107.2
108.0
102.5106.482.089.6
106.2
114.6109.4117.0128.7114.8109.8
108.8
98.5101.398.693.572.8
114.4
103.7105.3101.3123.3103.1
103.992.0
117.081.3
118.7127.195.1
112.8117.2125.0
' 115.0126.5129.4102.7128.2
is to use
113.2134.9139.3120.0114.0121.0132.2119.5124.2115.1127.8110.6115.7109.5113.1119.7119.8117.6138.5130.2145.1120.4125.9
119.0120.3119.6
93.592.394.4
109.1
102.6107.9111.9
111.3107.4109.7111.7107.7
109.4
103.9108.280.093.8
109.5
115.9109.5118.4128.8114.7113.6
108.8
98.2101.398.293.469.1
114.4
103.3105.4101.2120.8102.8
104.192.4
117.280.7
119.5127.3101.5113.8119.2127.7
115.2126.8129.2102.7129.1
rs, incl. r
113.5135.5140.0120.5115.3121.5128.2120.1125.0115.4128.8110.7115.7109.7113.3120.3120.0117.7138.6130.5145.5120. 9126.3
119.7121.0120.0
93.792.294.9
108.7
100.8107.9111.4
111.6106.6109.5111.9107.2
107.7
101.497.475.187.8
106.2
114.9109.8119.3128.8113.6109.7
108.9
98.199.498.493.271.2
114.4
102.6105.5101.8120.6101.0
104.292.5
117.580.7
119.5127.2102.8113.6120.5129.8
115.4127.0129.0.02.9129.3
aw foods
113.9136.0140.5120.4115.5121.6122.9120.4125.3115.7129.1110.5115.8109.3113.9122.2119.5117.2138.7131.1146.4121.5126.7
120.0122.1119.7
94.592.296.1
109.1
100.9108.3112.0
112.0107.0109.9112.3107.4
108.6
102.897.676.584.8
106.0
115.3110.0119.0129.1113.6111.2
109.2
97.998.797.993.068.5
115.2
102.5105.8101.8120.8100.9
104.492.6
117.880.7
120.7128.8106.6114.1122.6131.5
115.8127.7130.3103.1129.7
and fuel
114.7136.6141.2120.9115.4122.3123.4120.9126.0116.0130.0110.4115.9109.1114.2123.3120.6118.4138.7131.9147.4122.1127.5
120.9122.7120.4
95 292.097.5
109.1
100.2108.5112.0
112.8106.5110.0113.1107.0
107.4
101.299.878.779.3
104.1
114.4110.5119.4130.1114.0106.9
109.7
97.898.198.093.369.9
115.2
101.9108.3101.9120.499.3
104.592.7
118.580.2
122.3131.3105.6115.1124.9133.4
116.1127.8131.5103.2130.0
S.
115.3137.4142.0120.5114.6122.6123.8121.7126.9116.3131.1111.3115.9109.9114.8124.0121.2118.9139.4132.4148.2122.8128.0
121.0123.3120.7
98.195.1
100.3
109.6
101.5108.6112.5
113.1107.0110.3113.4107.2
108.3
103.1109.482.087.6
103.9
114.7110.6119.3130.0114.1107.7
109.9
97.896.797.993.573.4
115.9
102.0111.0102.0120.499.2
104.792.7
118.980.2
122.4131.7107.0113.8126.8136.2
116.6129.3132.1103.6130.4
115.2138.1142.9121.2114.4122.6126.4122.3127.6116.7132.0111.5116.2110.0115.1124.3120.2117.5143.3132.8149. 1123.4128.2
121.4123.7120.2
98.896.1
100.7
109.8
101.3109.2112.6
113.7107.1110.5114.0107.2
108.4
103.3109.380.482.9
104.2
114.7110.6119.3130.4113.3107.3
' 110. 3
97.796.497.993.669.8
115.9
102.2112.7102.1120.999.0
105.092.9
119.279.8
122.8131.7106.8115.8133.5142.2
116.7130.1132.7103.5130.5
100.897.1
103.4
110.7
109.8
104.9
115.9
110.9
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-9
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
COMMODITY PRICES—Continued
WHOLESALE PRICESd"— Continued(U.S. Department of Labor Indexes— Continued)
All commodities— ContinuedIndustrial commodities — Continued
Metals and metal products 9 1957-59 = 100Heating equipment doIron and steel doNonferrous metals do.
Nonmetallic mineral products 9 - doClay prod., structural, excl. refractories
do-_C on crete products _- . do _ _Gypsum products do
Pulp, paper, and allied products doPaper.. . _ _ _ _ _ _ _ _do_ __
Rubber and products.. _ _ _ _ . _ do_. _Tires and tubes . do _
Textile products and apparel 9 . . doAppareL. - _ _ doCotton products doManmade fiber textile products _ _ d o _ _ _Silk yarns doWool products . . do
Transportation equipment 9 _ do._Motor vehicles and equipment do
Miscellaneous products 9 ._ -doToys, sporting goods, etc _ - _ _ d o _ ..Tobacco products do
PURCHASING POWER OF THE DOLLAR
As measured by-Wholesale prices 1957-59=$!. 00..Consumer prices. ... - ._ _. do._
108.392 5
102.3120.9
102.6
108 4103.0102 4102.6107.394.893.3
102.1105.0102 589.5
153 6106 0
100 8106 8104. 1109 6
$0. 945.884
109.692.6
103.5120.9
104.3
110.1105.3102.4104.0110.097.096.2
102.1106.9100.786.8
171.9103.2
102.1109.2105.6112.9
$0. 943.860
111.493.4
104.6125.7
105.3
111.6105.8103.9104.8111.299.298.7
103.8108.1104.288.6
189.7102.2
104.0110.7106.4114.8
$0. 936.846
112.293.1
105.4127.4
106.0
111.8106.5103.9105.2111.299.598.7
104.3108.3105.289.3
196.8102.3
104.3111.0106.7114.8
$0. 933.843
113.393.8
105. 7131.1
106.9
111.9106.8105.1105.7111.999.598.7
104.6108.8105.089.6
197.2102.8
104 3111.3106.6114.8
$0.926.840
113.894.3
105.4133.2
107.3
112.0107.0105.1105.2111.999.798.7
104.6109.1105.089.3
196.3103.1
104.3111.5107.4114.9
$0. 924.837
113.394.5
105.0131.0
107.4
112.1107.5105.1105.2112.199.798.7
104.7109.3105.289.3
189.7103.0
104 3111.8108.1114.9
$0. 923.834
111.794.7
104.9124.1
107.8
112.5107.6105.1105.5113.599.898.7
104.8109.4104.989.7
183.8103.5
104.2111.8108.2114.9
$0. 922.831
111.795.3
104.8123.6
108.3
112.3108.2105.1104.7112.799.998.7
105.2110.1104.789.9
184.0103.8
104.5111.8108.2114. 9
$0. 920.827
111.495.3
104.8122.3
108.4
112.5108.1105.0104.9113.0100.7100.9
105.8110.7105.290.4
182.5103.9
104 •>111.5108.7114.9
$0. 917.823
111.395.4
104.8121.7
108.7
113.7108.5106.6104.9113.0100.699.5
106.0110.9105.390.7
175.1104.1
104.4111.6108.9114.9
$0.921.820
112.295.5
106.7121.5
108.7
113.7108.6106.6105.1113.1100.799.5
106.5111.0105.492.5
177.5104.1
104.1111.9109.0114.9
$0.917.818
112.595.6
106.7121.9
108.9
114. 2109.1106.2105.2113.1101.099.5
107.0111.7105.392.7
175.5104.7
106.5112.0109.1115.0
$0. 917.814
112.495.8
106.0122.4
109.2
115.2109.2106.2105.2113.4101.199.5
107.2111.8105.493.0
172.0104.6
106.6112.5109.2116.5
$0.912.810
112.896.0
106.1123.5
109.3
115.4109.5106.2105.2113.4101.199.5
107.1111.9105.192.9
165.2104.6
106.6112.5109.3116.5
$0. 911.808
$0. 903
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE I
New construction (unadjusted), total mil. $__
Private, total 9 doResidential (nonfarm) _do
New housing units doNonresidential buildings, except farm and pub-
lic utilities, total 9 mil $Industrial _ doCommercial.-. _ __do
Farm construction doPublic utilities:
Telephone and telegraph . do
Public, total 9 do
Buildings (excluding military) 9 doHousing and redevelopment _ _ . . doIndustrial do
Military facilities doHighways and streets do
New construction (seasonally adjusted at annualrates), total ._ ... bil. $
Private, total 9 _ . _ _ do
Residential (nonfarm) doNonresidential buildings, except farm and pub-
lic utilities, total 9 bil. $Industrial doCommercial _ _ _ _ do
Public utilities:Telephone and telegraph. do
Public, total 9 do
Buildings (excluding military) 9 doHousing and redevelopment _ doIndustrial.. do
Military facilities doHighways and streets. __ _ do
CONSTRUCTION CONTRACTSConstruction contracts in 48 States (F. W. Dodge
Co.) !Valuation, total T - - mil $
Index (mo. data seas, adj.) 1957-59 =100__
Public ownership mil $Private ownership doBy type of building:
Nonresidential- . doResidential 1 do
Non-building construction _ doNew construction planning
(Engineering News- Record) § dor Revised. v Preliminary. 1 Annual total i
months. 2 Computed from cumulative valuationcf See corresponding note on p. S-8. 9 Includet Revisions for 1965-May 1967 are shown in Bu. of
75, 120
51,12023, 97117,964
18, 5956,6796,8791,245
1,609
24,000
8,920655369769
8,355
i 50, 150
2145
18, 15231, 998
19, 39317, 82712, 930
52,112
ncludes itotal.
)S data fo]Census re
76, 160
50, 58723, 73617,885
18, 1066,1316,9821,324
1,638
25, 573
9,974706406721
8,538
53, 446
2153
20, 70932, 737
20, 41819, 69513,333
59. 944
evisions3 See notr items ncport C30-
6,407
4,4412,1911,742
1,492521573
146
1,966
825473670
559
81.2
54.0
27.6
17.45.86.7
1.6
27.2
10.5.6.5.9
9.2
3,996
166
1,5072,490
1,5501,4041,042
5,896
not disl3 "If" fot shown38-6.
5,605
3,8191,8591,465
1,342431525
104
1,786
782423956
469
82.9
55.3
27.0
19.36.37.7
1.6
27.6
10.6.6.5.9
9.3
3 3, 714
159
1,3002,414
1,34731,462
905
3,492
ributedr this paseparate
5,219
3,5861,6551,305
1,323397542
120
1,633
739353852
379
83.9
55.4
26.8
19.55.78.3
1.7
28.5
10.7.5.5.9
9.8
3,704
156
1,0412,664
1,2511,495
958
5,040
toge.ly.
5,956
3,9821,8851,472
1,428428587
140
1,974
824564551
572
83.6
56.1
27.7
19.25.58.3
1.7
27.5
10.8.8.5.7
9.2
5,417
176
1,6983,719
1,8352,2201,362
3,930IT Be
compiby 3pother i
6,786
4,5132,2621,710
1,538441676
119
2,273
893784553
755
'85.3
57.4
29.3
19.15.58.5
1.5
27.9
10.81.0.5.7
9.8
4,878
146
1,5543,324
1,5222,3121,044
2,835
ginningation m(ercent.nonths,
7,341
4,8432,5181,891
1,562448684
132
2,498
955834964
886
85.7
57.3
29.6
18.55.38.1
1.6
28.4
11.01.0.5.8
9.9
6,170
172
2,0364,135
2,2272,5431,400
4,663
Jan. 1968ithod rai
§ Date1 weeks.
7,519
4,9632,6282,015
1,523429689
141
2,556
910634960
953
'82.0
55.0
28.2
17.74.98.1
1.5
27.1
10.0.7.5.7
9.2
5,589
160
1,8603,730
2,0302,2431,316
3,267, data arses the lei for No\
' 7, 714
' 5, 102' 2, 721
2,075
1,535417721
156
2,612
885543557
1,051
'81.7
'55.0
'27.8
17.64.88.3
1.9
27.7
9.7.6.5.7
9.1
5,956
187
2,2563,700
2,4142,2871,255
2,8003 not entvel of re
r. 1967 ar
' 7, 963
' 5, 338' 2, 790
2,123
1,690485782
148
2,625
888574379
1,014
'83.7
'56.7
'28.3
19.05.68.6
1.7
'27.1
9.9.6.6.8
9.2
6,318
192
1,9244,394
2,1282,2951,895
4,895
irely considentialid Feb.,
'7,973
' 5, 364' 2, 780
2,139
1,716508793
147
2,609
4181
'84.7
'57.4
'29.4
18.65.58.5
1.8
27.3
.5
.8
5,170
183
1,5493,621
1,8152,1251,230
3,001
iparabledata byMay, At
8,014
5,4232,6952,130
1,808538844
172
2,591
3796
87.2
59.5
30.0
19.76.18.9
2.0
27.7
.41.0
6,171
200
1,7284,443
2,3702,4081,393
6,387
with tho8 percer
ig., and
'7,630
' 5, 249' 2, 628' 2, la?
' 1, 752'543'798
150
' 2, 381
'5383
'87.3
'59.3
'30.6
'19.2'6.3'8.3
1.7
27.9
.6
.9
4,863
183
1,5583,305
1,9922,043
828
6,649se for earit and thOct. 196S
6,989
4,9212,4801,985
1, 631562681
2,068
47
88.3
59.7
31.3
19.06.37.9
28.6
.6
4,543
179
1,2783,265
1,8491,743
951
Her periods; newe total valuationare for 5 weeks.
330-841 O - 69 - 4Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-10 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:Unadjusted:
Total, incl. farm (private and public) _.. thous ..One- family structures. _ _ _ _ _ . _ do _ _
Privately owned do
Total nonfarm (private and public) 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 buildingpermits (13.000 permit-issuing places):!
Seasonally adjusted at annual rates:Total thous
One-family structures do
CONSTRUCTION COST INDEXES
Dept of Commerce composite! 1957-59—100American Appraisal Co., The:
Average, 30 cities 1913=100Atlanta . doNew York _- _ __ -. _ _ doSan Francisco doSt. Louis do
Associated General Contractors of America, Inc.,The (building only) 1957-59-100
E. H. Boeckh and Associates, Inc.: fAverage, 20 cities:
All t vpes combined 1957-59 — 100Apartments hotels office buildings doCommercial and factory buildings doResidences do
Engineering News-Record:!Building _ . doConstruction do
Bu. of Public Roads— Highway construction:Composite (avg for year or qtr ) 1957-59—100
CONSTRUCTION MATERIALS
Output index:Composite, unadjusted 9 1947-49—100
Seasonally adjusted do
Iron and steel products, unadjusted doLumber and wood products unadj doPortland cement unadjusted do
REAL ESTATE
Mortgage applications for new home construction:Applications for FHA commitments
thous. units. _Seasonally adjusted annual ra tes t___ . do
Requests for V A appraisals. doSeasonally adjusted annual ratesj. _ _ _ do
Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount mil $Vet. Adm.: Face amount§ do
Federal Home Loan Banks, outstanding advancesto member institutions end of period mil $
New mortgage loans of all savings and loan associa-tions, estimated total! mil $
By purpose of loan:!Home construction doHome purchase doAll other purposes do
Nonfarm foreclosures number
Fire losses (on bldgs contents etc ") mil $
1,196.2779.5
1, 165. 0
1, 172. 8807.3
1,141.5
119
867941963867852
127
122.1123 2122 2120.1
123.4134.1
113 0
157 6
169 0155 0189 8
153.0
99.2
6 095 322, 600. 53
6 935
16 724
3 6057 7475 372
117 473
I AQfi 7fi
1, 321. 9844.9
1, 291. 6
1, 298. 8919.7
1, 268. 4
1,141651
125
909992
1,008910903
132
129 8130 7130 2127 4
127.4140.8
117 6
153 2
163 0149 6186 6
167.2
124.3
5 884 643 404 87
4 *3Qa
19 891
4 1909*5056 196
110 541
83.147.180.1
82.163.679.1
1,2501,235
1,390745
127
9321,0251,026
937919
134
133.9134 7134 4131.2
130.4144.5
119 2
133.0154 8
147 6137 0127 5
10.21627.9125
457. 89340. 32
4 386
1 759
380780599
8 119
127 82
82.745.380.5
82.063.579.8
1,4561,430
1,148667
127
9371,0331,044
941923
134
133.7134 6134 2131.1
131.4145.7
140.0149 1
147 1152 6101 5
11.21638.4122
577. 59348. 77
4 442
1 389
291665433
8 414
153 95
87.255.484.6
85.361.482.8
1,5371,499
1,394724
128
9381,0331,044
943923
134
134.1135 1134 6131.6
131.8146.5
147 2166 4
158 6155 9122 0
12.4152
10.6141
436. 34279. 57
4 348
1 456
305704447
7 822
149 7H
128.679.4
126.6
126.092.1
123.9
1 5111,479
1,416728
128
9401,0471,044
943923
135
134.6135 5134 9132.4
132.5147.0
120 6
164 0169 5
184 8167 2156 7
15.9160
11.6127
434 80267. 29
4 269
1 766
409840517
8 127
1 re ec
165.298.0
162.0
162.2118.4159.1
1,5911,562
1,340675
129
9451,0531,048
944927
135
135. 3136.2135 5133.3
132.9147.6
176.8173 7
192 7175 6205 9
14.7144
12.4126
470 58265.30
4 545
1 959
475934543
8 040
1Q7 9*i
145.187.0
140.9
143.3101. 2139.0
1,3641,345
1,280659
130
9581,0641,052
948962
136
137 3138 4137 5135 2
134.8150.2
183 0170 5
203 1179 0223 7
15.7161
11.0110
495 28280. 15
4 719
2 087
5051,041
541
8 577
1 *\9 O1^
142.981.6
137.9
141.1103.6136.0
1,3651,248
1,281641
132
9731,0651,056
958964
138
139.6140 8139 8137.4
136.2151.9
121 0
175.8164 3
201 2161 6221 1
13.7157
10.4120
493 61240. 95
4 889
1 965
4261,066
473
7 630
1 7 79
142.586.5
139.8
140.0100.6137.3
1,5311,507
1,289663
132
9791,0751,087
968964
140
140.6141.8140 6138.5
136.7152.4
'• 181. 6'• 189 7
210 1166 7249 8
13.2146
12.5135
572. 97326. 86
4 988
1 844
3961 031
417
7 082
154 71
141.082.6
136.6
138.9101.0134.5
1,5181,496
1,290673
133
9861,0811,090
979967
141
142 5141 7139.2
138.3154. 1
'171.8r 155 7
151 9175 1263 8
15.2167
11.5127
'595. 13340.69
4 997
1 977
4091,146
422
6 446
159 14
139.880.3
134.3
138.0102.9132.4
1,5921,570
1,393706
134
9921,0871,092
980969
142
142.1143.1142 2140.1
140.7156.0
119 8
' 169. 9r 162. 7
159.1173 0238 4
14.0168
10.4125
588. 18322. 30
5 026
1,823
392975456
6 669
131 69
143.385.7
140.8
140.699.3
138.1
1,5701,541
1,378694
134
9941,1101,092
980969
142
142.2143.3142.4140.3
141.6156.6
180.7r 159. 6
159.6r 188.8r 272. 6
17.1198
12.7147
' 707. 37359. 54
5 035
1,930
461986483
134 80
128.164.4
' 127. 1
126.195.5
123.7
' 1, 733r 1, 705
1,425729
134
9971,1101,0931,001
969
143
142.3143.4142.4140.3
141.7156.7
152.2159.7
144.3163.4185.2
13.5211
11.4172
' 598. 76376. 98
5 040
r 1, 707
'387'860'460
134 21
'98.952.1
'95 5
' 98 071.8
'94.6
' 1,492'1,477
'1,463' 736
136
1,0071,1111,0991,013
971
143
144.1143 1141.1
143.1158.0
132 6
12.31879.0136
525. 34365. 50
5 259
1,834
406834594
156 08
103.0
98.7
101.7
97.4
1,8161,783
1,352644
1,0151,1251,1051,035
978
144.2158.7
13.2191
10.1148
DOMESTIC TRADEADVERTISING
Marketing/Communications advertising index, sea-sonally adjusted:®
Combined index 1957 59 100Business papers doMagazines doNewspapers doOutdoor doRadio (network) doTelevision (network) do
148
12815911991
118194
129157
95117209
i wi125161114111101209
147
13415211373
109208
ifii14115712897
106236
139151IOC
87122212
1 Ivi
13716012279
123211
1 w*13216112275
129222
15012816211682
144206
15412916112695
147210
14612514112384
175203
15212216812690
137198
164128173128101151236
T Revised. « Corrected.iRevisions for Jan.-Aug. 1967 for new private housing units authorized; for 1965-May 1967
for Dept. of Commerce composite; for July-Dec. 1966 for ENR building and constructioncost indexes; for 1960-66 (seas, adj.) for FHA applications and VA appraisals; and for Jan.-July 1967 for new mortgage loans will be shown later.
ICopyrighted data; see last paragraph of headnote, p. 8-1.9 Includes data for items not shown separately. § Data include guaranteed direct loans sold.© Formerly Printer's Ink advertising index.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-ll
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:Network (major national networks) :
Net time costs total m^l $Automotive incl accessories doDrugs and toiletries doFoods soft drinks confectionery doSoaps cleansers etc doSmoking materials doAll other do
Magazine advertising (general and natl. farm maga-zines) :
Cost, total mil. $Apparel and accessories doAutomotive incl accessories doBuilding materials doDrugs and toiletries doFoods soft drinks confectionery do
Beer, wine, liquors doHousehold equip., supplies, furnishings.. do
Soaps, cleansers, etc doSmoking materials doAll other do
Newspaper advertising linage (52 cities) :Total mil. lines
Classified doDisplay total do
Automotive doFinancial . _ _ doGeneral doRetail . do
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $Durable goods establishments doNondurable goods establishments do
Merchant wholesalers inventories, book value,end of year or month (unadj.), total mil. $
Durable goods establishments doNondurable goods establish rrents do
RETAIL TRADE J
A 11 retail stores: JEstimated sales (unadj ) total J mil $
Durable goods stores 9 doAutomotive group ._ _ do. _ _
Passenger car, other auto, dealers doTire, battery, accessory dealers . do
Furniture and appliance group 9 doFurniture, homefurnishings stores do. __Household appliance, TV radio do
Lumber, building, hardware group doLumber bldg. materials dealers o" doHardware stores do
Nondurable goods stores 9 do.Apparel group _ _ _ „ do
Men's and boys' wear stores _ doWomen's apparel, accessory stores do.Family and other apparel stores .. doShoe stores _ do
Drug and proprietary stores doEating and drinking places _ _ ._ doFood group do
Grocery stores. . doGasoline service stations doGeneral merchandise group with non-
stores 9 mil $General merchandise group without non-
stores 9 § mil. $Department stores do
Mail order houses (dept. store mdse) doVariety stores do
Liquor stores do
Estimated sales (seas, adj.), total f _.do
Durable goods stores 9 ._ doAutomotive group do
Passenger car, other auto dealers doTire, battery, accessory dealers do
Furniture and appliance group 9 . doFurniture, homefurnishings stores doHousehold appliance, TV, radio do
Lumber, building, hardware group doLumber, bldg. materials dealers cf doHardware stores . . do
Nondurable goods stores 9 . doApparel group do
Men's and boys' wear stores doWomen's apparel, accessory stores doFamily and other apparel stores doShoe stores do
1 411 3106 7429 8274 o131 5161 4308 0
1 166 768 1
123 534 5
134 4125 4
79 280.1
17 639 6
411 0
3 354 3924 3
o 430 o182 973 2
310 31 863 6
203 75191 026
112 7°4
20 52011 8058 715
303 056
98 30158 08954 1443 945
14 558
12 5739 7692 804
205 65517, 291
9 98822, 09868 137
21, 792
46 961
27,868
6 081
1,499.9115 8429 0306 8134 3183 1331 0
1,161.660 7
103 731 0
148 4116 1
89 270.7
22 939 9
416 3
3 297 8878 1
2 419 6158 566 9
297 11 897 1
205 18890 447
114 741
21 60712 3089 299
313 809
100 17358 27353 9664 307
15 267
12 6759 7812 894
213, 63618, 123
10 72123, 47369 113
22, 739
49, 820
29,589
6 409
471 742 6
127 589 134 160 4
117 9
99.93 38 11 4
12 310 1
15 05.1
1 i4 7
34 4
283 259 8
223 49.25.6
22 2186 4
17,4087 5309 878
21 60712 3089 299
32 622
9 0324 5734 111
4621 738
956616
1 088749339
23, 5902,618
686997595340
1 2412,0416 5626 1101,958
7 376
6 6984,512
373982822
26,368
8 4224 7384 378
3601,323
777429
1 114878236
17 9461 473
345560327241
63.31.64 41.27.16.7
3.42.5
1.72.7
27.6
231.367 0
164.211.47.6
17.3127.9
16, 8637 3659,497
21, 67812 2369 442
24 094
7 5174,6424 339
3031,205
726381
641
16, 5771,277
332493242210901
1,8365 5965,2321,874
3 289
2,9161,949
187346502
26, 936
8,5024 9514 563
3881,362
824428
846
18 4341 530
379589309253
84.73.29 61 8
11 29 1
4.52.8
1 53 0
33 6
236 166 9
169 213 44 6
22 3128 9
16 8167 541q 275
21 55512 3089 247
24 210
7 8834 8424*557
*2851 205
*722390891708183
16 3271 155
267462233193887
1 8375 5985 2271 809
3 296
2 9121,912
197387486
27 512
8 8715 1894 812
3771 363
826440
1 190947243
18 6411 574
367601338268
417.236.0
122.684 741 546.186 3
105.96 3
11 13 1
12.310 3
6.86.2
2.23 1
39 8
282.479 0
203 514.45.5
26 0157.6
17 7758 0269*749
21 67912 5649 115
27 049
8 9165 5265 187
3391 253
769402
1 013797216
18, 1331,430
313559295263901
2,0226 1135 7051,970
3 901
3 4872,334
238432537
28, 145
9 0625 3074 921
3861 372
843440
1 202948254
19 0831 659'405621359274
119.28 6
12 74 8
11 99 9
7 89.6
2 53 8
43 1
277.576 0
201 416 66.6
26 1152 2
180878 3979*690
21 84112 8818 960
27 602
9 1345*5495 171
3781 217
783363
1 190*926264
18 4681 627
364617334312906
2 0345 8385 4202 012
4 218
3 8132,538
248497516
27, 675
8 8715 1174 744
3731 349
837422
1 191932259
18 8041 547
380580338249
116.05.6
11.94.1
14.58.5
8.19.75 91.94.0
42.1
306.582.5
224.017.35.5
29.0172.2
18, 5788,482
10, 095
21,81612 8518,965
29 285
9 9176,1125 706
4061 314
871376
1 269986283
19,3681,538
367600312259953
2,1896 3105,8832,097
4 342
3,9112,628
239496581
28, 132
9,0815 3995 027
3721,367
882415
1 133874259
19 0511 563
385599334245
331.323.089.263.233.733.189. 1
99.92.69.33.7
14.39.6
7.96.25 51.54.2
35.1
279.279.0
200.216.65.8
23.4154.3
17, 9618 2419,720
21 95213 0208 932
28887
9 8285,9745 543
4311,353
875414
1,2901 010
28019,0591,522
375577311259938
2,2456 2525,8252,150
4 296
3,8902,641
218487560
28,451
9,2905 6045 219
3851,381
884429
1 170904266
19 1611 597
366634340257
69.91.14 82 2
10.39 1
6.34.13 0
1 92 9
23 9
249 975 2
174 813 66 9
18 6135 7
18 4888 5159 973
21 90813 0308 878
28 542
9 6965 7735 354
4191 393
861440
1 3381 055
283188461,421
325548312236938
2 2876 1965 7662 197
4 222
3 8002,538
233474583
28,802
9 4025 5985 213
3851 420
859446
1 181899282
194001 677
380662357278
67.76.23.41.6
10.55.7
4.62.53 71.53.2
24.8
277.983 8
194.113.34.1
18.1158.6
18,9338, 62910,304
22,09413,1838,910
29410
9,3835,3654 951
4141,479
905476
1,3551 077
27820, 0271,633
342618378295962
2,4136,5966,1662,202
4,671
4,2432,844
273523600
29,037
9,5675 7365 347
3891,446
855475
1 197924273
19 4701 696
380665359292
301.318.188.657.433.028.475.8
106.810.66.83.1
11.67.1
7.17.55 81.93 .6
41.6
292.883.3
209.515.95.7
27.1160.9
18,6408,590
10, 050
22, 17013 0659, 105
27 015
8,7034,8144 457
3571,412
850460
1,257997260
18, 3121,557
332608333284912
2,1755,8605,4482,017
4,266
3,8312,602
256451548
28,863
9,6995,9075 523
3841,402
871441
1 196927269
19, 1641 621
367647329278
127.27.1
17 32.9
13.59.5
10.49.45 32.84.1
44.9
315.784 1
231.516.07.2
31.7176.7
19,9799,220
10, 759
22 63113 1629 470
29 418
10 0395,9925 595
3971,450
907456
1,3391 063
27619, 3791,654
373656360265941
2,1616,1085,6852,064
4,697
4,2092,843
316498584
' 28, 676
' 9, 372' 5, 593' 5 205
••3881,359
837435
1,200930270
19,3041,634
373638343280
134.76.6
13.92.2
15.111.6
13.09.85 41.84.4
50.9
315.979.0
236.813.16.2
32.5185.0
'18,906r 8, 578
r!0, 329
'22, 790••13, 202'9,588
r30, 112
'9,554'5,623' 5, 196
427' 1, 489
'933'464
' 1, 443'907'291
'20, 558' 1, 810
'437'701395
'277'924
'2,045' 6, 425'6,009'2,055
'5,488
'4,997'3,402
417'578'647
'28, 779
'9,272' 5, 497'5,089
'408'1,350
'848'425
' 1, 173'893'280
'19, 507'1,663
'396'637353
'277
100.64.07.41.6
12.09.1
15.65.44 2i!i4.3
36.0
316.067.9
248.19.37.1
24.2207.5
18, 9228,463
10, 459
22, 37813, 0329,346
'34 132
'9,704' 5, 0784,615
463' 1, 7551,024
6041,192
823369
'24, 428'2,666
702989626349
'1,308'2,045' 6, 393' 5, 965'2,089
7,739
' 7, 224'5,026
436979838
'28,083
'9,0745,2684,894
3741,335
831422
1,223961262
'19,0091,555
363578353261
125, 938
i 8, 270i 5, 034
i 1, 198
U7, 668U.379
1954i 1, 91416,15815,790U,996
i 3, 499
i 3, 176i 2, 237
128, 673
i 9, 396
119, 277
' Revised. i Advance estimate. JSeries revised to reflect a new sample of retailers.The most important difference between this and the old sample is accounted for by thegeneral merchandise group which now includes all non-stores, i.e., mail order houses, mer-chandising machine operators, and direct selling establishments. Formerly, many non-storeestablishments were classified outside of the general merchandise group, particularly in thefood and eating and drinking place groups. Revisions for total retail sales, durable and non-
durable totals, and selected lines of trade, unadj. and seas, adj., back to 1961 appear on p.22 ff. of the Nov. 1968 SURVEY. Further details appear in the Census Bureau Monthly RetailTrade Report, Aug. 1968. 9 Includes data for items not shown separately.
d*Comprises lumber yards, building materials dealers, and paint, plumbing, and electricalstores. §Except department stores mail order.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-12 SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
February 1969
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
DOMESTIC TRADE—ContinuedRETAIL TRADE}— Continued
All retail stores}— ContinuedEstimated sales (seas, adj.)— Continued
Nondurable goods stores— ContinuedDrug and proprietary stores mil. $Eating and drinking places doFood group do
Grocery stores _ _ _ _ _ do__ _Gasoline service stations doGeneral merchandise group with non-
stores 9 mil. $General merchandise group without non-
stores 9 § nail $Department stores. _ _ . do
Mail order houses (dept. store mdse.)doVariety stores _ - _ _ _ __do
Liquor stores doEstimated inventories, end of year or month :f
Book value (unadjusted), total ._ mil. $__Durable goods stores 9 -do
Automotive group do- _Furniture and appliance group.. _ _.do._ _Lumber, building, hardware group, .do
Nondurable goods stores 9 doApparel group doFood group . . . doGeneral merchandise group with no'i-
stores mil. $ .Department stores . ._ ._. ..do
Book value (seas, adj.), total .doDurable goods stores 9 ..do
Automotive group doFurniture and appliance group doLumber, building, hardware group do
Nondurable goods stores 9 doApparel group doFood group _ _ ._ doGeneral merchandise group with non-
store5! mil $Department stores. __do
Firms with 11 or more stores:}Estimated sales (unadj.), total 9 do
Apparel group 9 doMen's and boys' wear stores ... do.. _Women's apparel, accessory stores doShoe stores do
Drug and proprietary stores... . doEating and drinking places doFurniture and appliance group.. do
General merchandise group with non-stores9 -- mil. $
General merchandise croup without non-stores § mil $
Dept. stores, excl. mail order sales doVariety stores do
Grocery stores.. _ doTire, battery, accessory dealers do
Estimated sales (seas, adj.), total 9 doApparel group 9 do
Men's and boys' wear stores doWomen's apparel, accessory stores.. doShoe stores. . _ do
Drug and proprietary stores doEating and drinking places _ doGeneral merchandise group with non-
stores 9 mil $General merchandise group without non-
stores § mil $Dept. stores, excl. mail order sales doVariety stores do
Grocery stores.. doTire, battery, accessory dealers ... ._ do. .
All retail stores, accounts receivable, end of yr. or mo.: }Total (unadjusted)} mil. $..
Durable goods stores . . . doNondurable goods stores do
Charge accounts. _ ._ doInstallment accounts.. do
Total (seasonally adjusted)} doDurable goods stores doNondurable goods stores - do
Charge accounts . . . doInstallment accounts.. do
37, 09416, 7717 8882 7312,545
20 3234 0854,102
7 9274,376
38, 36817, 3098 0662,8252 634
21 0594,3004,086
8 5034,660
38, 04516, 8327 2842,8252,575
21 2134 1784 290
8 3044 717
39,31817,4037 4252,9272 666
21 9154 3844,273
8 9005,018
9342,0235,9205,5141 910
4,295
3 7702,529
242491528
38,04516, 8327 2842, 8252, 575
21 °134 1784,290
8 3044,717
39, 31817, 4037,4252,9272,666
21,9154,3844,273
8 9005,018
10 604682107242149369173123
5,224
4 5923 610
7783,135
1677 309
37953
13399
236175
2 999
2 7732 028
3882 728
121
9412,0155,8865,4961,975
4,269
3 8592, 564
256501567
38,43017, 4937. 8452,8112,641
°0 9374 0104.248
8.3124,640
39, 57517, 5667, 6092 9252 706
22 0094,3834,269
8 9905,088
6 352
31550
10785
24715686
2,248
2 0701 515
2632,635
1077 503
41659
150108274169
2 99?
2 7872 023
3862 780' 138
9322,0835,9145,5251 990
4,348
3,9252,623
250511552
39,35418, 0198. 2012,8932,660
21 3354 2254, 271
8,5764,836
39, 78817, 7097,6932, 9922,703
22, 0794, 3924,314
9 0495,161
6 38729143
10378
24215692
2,266
2 0731 490
2962,676
1057 681
42863
152108272173
3 104
2 8792 102
3962 805
140
9212,1176,0445, 6262, 054
4,457
4,0202, 689
267523588
40,44718, 4008, 4132.9532, 738
22, 0474,4054,324
8,9675, 113
39, 77617, 7237,7472.9922,' 692
22, 0534,4014,311
9,0255,159
7,318384
5013310725717395
2,713
2,4991,821
3392,967
1227 707
44264
152114268175
3 132
2 9012 100
4122 815
139
9342,0996, 0845, 6582, 041
4,390
3, 9862, 680
266497554
41,24718. 9898, 7993.0342, 809
22 2584. 4."04,300
9,1375, 170
40. 24218, 1138,0433. OK)2, 735
22, 1294,4434,338
9 1075,160
7,47946060
15713426517798
2,969
2 7632 003
3932,738
1467 718
41760
144108278179
3 098
2 8892 115
3852 864
144
9592,1190. 1315,7172, 042
4,455
4,0382,698
249521589
41,49619. 2780. 0693. 03')9 704
22. 2184. 3884.371
" HO5. 108
40. nor)18, 248
K, 1023, 0062, 713
22, 3584, 4504,384
9. 2065,252
7.828414
62145110283176104
3,033
2,8112,066
3842,971
159
7,728415
64142106290169
3 083
2 8682,087
403
2 854148
9562,1146,1945,7732,055
4,490
4,0772,725
271516578
41,16319, 1748,9873,0272,764
21.9894,3174, 334
9, 1055,102
40, 84218. 4408,3523, 0002,712
22, 4024. 50fi4,351
9,3665,298
7,68942166
143113275178103
3,013
2,8012,083
3772,882
161
7,794430
65147112277166
3 099
2 8892,115
4012 923
141
9672,0686. 1405, 7202, 053
4,757
4,3152, 907
278527596
40.! '-10IS.*'" 'S.7'43, 0352. 801
22,0214.4314.2 •'!
•: . 1-- :,'. H>
41,00518, 4758. 4073. 0382, 807
4. * •>.)4,350
9,4485, 329
7, 532
3.Wo3
13293
275180111
2. 059
2, 7452, 023
3642, 837
156
8, 045454
67159115°<«100
3 306
3 1002. 201
40' »2. 931
147
9722.1390, 1045, 7702, 073
4,677
4,2412, 861
280519589
30,971)17.5307. 34S3,0322, 764
22, 4434.6704, *U
O.&M5, 180
41,01018, 5018,4173, 0352,781
• > . ,<v,.j4, 5744,3si
0, 3515, '231
8.27944054
159118283180130
3.300
3,0802, 263
407
3,122159
8,004
45164
103120201172
3 254
3 0152,243
407
2 018153
' 18. 483~ 6, 846'11,637' 7. 041
- 10. 542' IS, 072
>• (\. ooo"11,082' 7. 03'. >
r If X 733
9672, 1510, 1455. 7232, 037
4,506
4,0472,733
268492592
40, 54317.2447, 1303, 0592,788
23, 2994, 9534. :M''.- 7335,375
41,42418,6228, 590;{, 008•2, 799
• •» •> 8024. G«i84,408
0, 3605, 153
7.4544-Y,54
153119•201)192120
2,979
2,7502, 0 8
3472, 694
130
7,92344463
1 01114288191
3 126
2 8902, 127
3782, 916
141
18, 6416, 892
11, 7498,071
10, 57018, 8416, 777
12, 0648, 123
10, 718
9632,1466, 1335,7142,040
4,622
4,1412,798
283520603
42. 08318, 2407, 8083,1402,806
24, 4375,1164. 5fV2
10, 5or>5,884
42, 22019, 1658,9453,0462,820
23, 0554, 7204,4,0
9,5255,254
8,06845471
163111272189112
3,303
3, 0552, 234
3912,890
1537,992
44567
159118283189
3,245
3, 0172, 208
4022,916
153
19, 0227, 117
11,9058,368
10, 654
19, 1987,004
12, 1948,334
10,864
'935' 2, 132' 6, 236' 5, 817' 2, 065
r 4, 749
r 4, 281
' 2, 943301
'525'606
43, 815IS. 8068,4373,1582,790
24, 9495,1454, 651
10. 8106,116
42. 48819, 3619,1213,0192,798
23, 1274,6944, 555
9,6245,337
9,015'492'85
'176'116'275'184'117
'3,920
'3,661' 2, 676
'468
' 3, 181'161
' 8, 167••445'72
'158'116'276'191
' 3, 357
«• 3, 110' 2, 270
'422
' 2, 990' 154
19,400
12, 2038,388
19, 2987,042
12, 2568,239
11, 059
9922,0516, 1335,7412.054
4,479
4,0752,809
267496565
41, 34618. 8468,7583,0292,797
22,5004,5364.511
9, 2375, 286
42, 75019, 4618,9193,1392,898
23, 2894,7604,493
9,8995,623
11, 179729125265156447173140
5,620
5,3273,909
7883,100
1908,055
41363
147105292177
3,306
3,0612, 274
3982,981
144
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATESTotal, incl. armed forces overseas mil
LABOR FORCELabor force, total, 16 years of age and over thous
Civilian labor force, doEmployed, total... do
Nonagricultural employment-- doAgricultural employment _ .do
Unemployed (all civilian workers) do
1 196 92
78, 89375 77072 89568 9153 9792,875
1 199 12
80, 79377 34774 37270 5283 8442,975
200 09
81, 52778 05775 33871 7933 5452,719
200 25
79, 81176 34773 27369 9083,3663,074
200 36
80, 86977 40274 11470 6533 4623,288
200 51
80, 93877 44774 51770 9803 5372,929
200 66
81,14177 63475 14371 2923 8512,491
200 83
81,77078 23475* 93171 9353 9962,303
201 00
84, 45480 88777 27372 757
4 5163,614
?01 17 201,30 1 201. 56
•!
84, 550 ! 83. 7: 2 S2. 137SO °»»»4 M"» -*u 78. f4A77 740 77 4".' 7".. 03073 27n ;:V ;r_: 72. 103
4 47'- 4. 1 ~ H.S3»>o,217 2.772 2. ''00
201. 75
82,47778, 87470, 36472. 5003, 7072,511
201. 94
82, 70279, 18576, 60973, 0013,6072, 577
202. 11
82,61879, 11870,70073, 4213,2792, 419
202.
81,778,275,372,13,12,8
r Revised. i As of July 1. } See corresponding note on p. S-ll (beginning Aug. 1968,accounts receivable data reflect introduction of the new sample; no comparable data areavailable.' for earlier periods). 9 Includes data not shown separately. § Except depart-
Serio;merit stores mail order.and 1967 Annual Retail Trade Report-?sales sample; revised data back to r»>l app-
1 K. • r U iiehiiuu king to the levels of the 1966>:«i"im to tlio definitions of the new retail[ - . ^2 t f . of the Nov. 1068 SURVEY.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-13
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
Civilian labor force t thousEmployed, total do
Nonagricultural employment -- _ _ doAgricultural employment do
Unemployed (all civilian workers) doLong-term, 15 weeks and over do
Rates (unemployed in each group as percentof total in that group) :|
All civilian workers _ _ .Men, 20 years and over.Women, 20 years and over __Both sexes 16~19 years
Married men*. _. __ _N on white workers*White workers*
Occupation: White-collar workers*Blue-collar workers*
Industry (nonagricultural):Private wage and salary workers*
Construction* .. _ _Manufacturing* __ __ _
Durable goods*
EMPLOYMENTEmployees on payrolls of nonagricultural estab/.tl
Total, not adjusted for seasonal variation .. thous ..
Seasonally AdjustedTotal thous
Mining doContract construction . .... _ . . doManufacturing do
Durable goods . do
Ordnance and accessories doLumber and wood products . . . doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries ... doFabricated metal products doMachinery, except electrical. do
Electrical equip, and supplies doTransportation equipment doInstruments and related products .. do.Miscellaneous manufacturing ind do
Nondurable goods. doFood and kindred products . . doTobacco manufactures doTextile mill products doApparel and other textile products doPaper and allied products.. .... doPrinting and publishing doChemicals and allied products doPetroleum and coal products do...Rubber and plastics products, nec.-.doLeather and leather products . do. .
Transportation, communication, electric, gas,and sanitary services thous
Wholesale and retail trade . doWholesale trade doRetail trade.. . . do
Finance, insurance, and real estate doServices . _ _ doGovernment . . . . . . . . do
Federal .. .. doState and local do
Production workers on manufacturing payrolls:Total, not seasonally adjusted tl thous..
Seasonally AdjustedTotalt - thous
Durable goods . . doOrdnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries doFabricated metal products doMachinery, except electrical do_. .Electrical equipment and supplies do.Transportation equipment doInstruments and related products. _ doMiscellaneous manufacturing ind do
Nondurable goods . . doFood and kindred products . doTobacco manufactures do....Textile mill products doApparel and other textile products do
r Revised. * Preliminary. *New series. MonJEffective with this SURVEY, labor force data for J
factors; comparable data for earlier months will appctEffective with the Sept. 1967 SURVEY, additional
adjusted production workers, hours, man-hours andand spendable earnings) are shown; these are not in
536
3.82.53.8
12 7
1.97.33.3
2.04.2
3.88.13.22.8
64,034
64,034627
3,27519, 21411,284
261614462644
1,3511,3511,910
1,9091,918
431434
7,9301,777
84964
1,402667
1,017961184511364
4,15113, 2453,4379,808
3,1009,551
10, 8712,5648,307
14, 297
14, 2978,370
127536382517
1,1001,0521,3441,3251,366
275346
5,9261,180
72859
1,246,hly datasept. 1968-ar in Marseries (urman-hou
the 1967 e
449
3.82.34.2
12.9
1.87.43.4
2.24.4
3.97.33.73.4
66,030
66, 030616
3,20319, 43411, 422
317598455629
1,3181,3611,967
1,9531,947
448429
8,0121,785
87957
1,400681
1,0481,002
183516351
4,27113, 6133,538
10, 074
3,21710,06011, 6162,7198,897
14, 300
14, 3008,354
176520375500
1,0571,0521,3671,3181,371
280338
5,9461,186
75849
1,240
for earlier-Jan. 1969. 1969 SUBlemploymr indexes,dition of I
78, 47375. 57771, 3614,216
2,896445
3.72.24.1
12.8
1.76.93.3
2.14.3
3.86.13.53.5
67,903
67,060603
3,27519, 59311, 498
334605464640
1,3061,3741,942
1,9621,993
450428
8,0951,786
93970
1,407687
1,0541,021
185537355
4,30213, 7933,581
10, 212
3,28910, 31611,8892,7099,180
14,425
14, 4008,389
187525382511
1,0451,0631,3311,3191,411
280335
6,0111,191
79860
1,243
years arreflect nVEY.ent ratesprivate
BUSINESS
77, 92375, 16771,1644,003
2,756488
3.5
3.911.3
1.66.43.2
2.04.3
3.68.33.32.8
66,017
67,058604
3,10719, 61211, 541
334605465638
1,3061,3741,962
1,9652,007
450435
8,0711,775
85972
1,399688
1,0541,021
185537355
4,31713, 8183,586
10, 232
3,29110, 33111,9782, 7219,257
14,213
14, 4058,420
190527 1385 !511 i
1,0421,0621,3431,3191,420
279342
5,9851,181
73861
1,233
e availalew seaso
, season*sector diSTATIST
78, 67275, 73171,6044,127
2,941455
3.71 4.0i 12. 6I
1.77.23.3
2.24.3
3.87.43.63.4
66,393
67,600608
3,38819, 61211,514
334612466609
1,3051,3691,957
1,9652,015
450432
8,0981,773
87981
1,403690
1,0551,023
186545355
4,34213, 9203,619
10, 301
3,30410, 40512, 0212,7219,300
14,231
14, 3938,382
190531385479
1,0401,0561,3441,3161,423
279339
6,0111,178
74870
1,240
rte.nal
illyita,ICS.
78, 65875, 80271, 7*84,014
2, 856448
3. 0
3.713.0
1.76. 03.2
1.94.4
3.68.03.53.1
66,713
67,656609
3,33019, 60711, 495
336607466591
1,3041,3741,960
1,9572,018
449433
8,1121,777
87979
1,408690
1,0581,024
186546357
4,33213, 9993,632
10, 367
3,31110, 41512, 0532,7189,335
14,248
14,3868,371
191528385463
1,0381,0621,3461,3111,429
278340
6,0151,181
74867
1,243
IfBeman-hcompE1312-6from t
78, 34375,63671,6563, 980
2,707398
3.5
3.711.9
1.56.73.1
1.83.9
3.45.73.3
67, 422
67, 755632
3,31319, 65711, 533
337599468641
1,3201,3731,949
1,9552,015
448428
8,1241,783
81979
1,417692
1,0581,020
185550359
4,33114, 0093,641
10, 368
3,32310, 40212, 0882,7179,371
14, 303
14, 4398,406
192520387517
1,0541,0591,3321,3101,425
275335
6,0331,191
68868
1,251
ginning iours, bejirable eai
EMPLOYhe Gov't
78, 61375, 82971, 9363,893
2,784410
3.5
3.712.6
1.66.43.2
1.93.7
3.46.53.22. 9
67, 724
67, 792631
3,24519, 69311,545
338594471640
1,3221,3761, 949
1,9632,013
447432
8,1481,778
87982
1,422696
1,0611,023
186552361
4,28114, 0493,655
10, 394
3,33410, 42512, 1342, 7219, 413
14, 352
14, 4498,401
193516389514
1,0541,0601,3311,3121,419
275338
6,0481,185
73871
1,256
n the Jsinning .lier datafMENT A. Printin
79, 01876, 04872, 1973,851
2,970423
3.82.33.7
13.6
1.77.23.3
2.14.2
3.88.13.22.8
68,724
68,039632
3,17419,77711,571
344592474642
1,3101,3861,951
1,9602,031
448433
8,2061,797
87990
1,433699
1,0621,030
188559361
4,33614, 0863,679
10, 407
3,33510, 46712, 2322,7959,437
14, 622
14, 5238,424
198514392517
1, 0421,0701,3341,3051,438
275339
6,0991,204
73877
1,265
me 1968\ug. 1968, exceptND EAR!g Off., W
78, 98576, 03872, 2023,836
2,947453
3.72.23.9
13.6
1.66.93.3
2.14.3
3.87.03.32.8
68, 327
68, 170638
3,18919, 77611,619
349597471642
1,3141,3851,944
1,9622,070
446439
8,1571,777
87987
1,416697
1,0641,033
188559349
4,34614,1173,680
10, 437
3,35010, 49812, 2562,7889,468
14,415
14, 5128,458
200517389516
1,0441,0681,3221,3081,478
272344
6,0541,185
74876
1,249
SURVEYSURVEY
man-houSWINGS FOash., D.
78, 69075, 92972,1963,733
2,761398
3.52.23.7
12.0
1.66.23.2
2.04.2
3.66.93.43.1
68,508
68,314638
3,19519, 74811, 563
350597476644
1,2911,3851,953
1,9632,013
452439
8,1851,778
90990
1,412702
1,0671,036
187566357
4,35814, 1813, 683
10, 498
3,37610, 54812, 2702,7519,519
14, 561
14, 4748,399
200518393518
,023,066,331,313,415278344
6,0751,187
77878
1,245
, payrol) reflectrs and nR THE I3.20402.
'78,847'76,000'72,349' 3, 651
' 2, 847'373
3.62.23.9
'12.5
1.6'6.6
3.2
'2.04.1
3.6'5.7'3.3'3.1
68,923
68, 382639
3,25219, 75511, 577
348598476643
1, 2791,3911,957
1,9642,035
451435
8,1781,773
87987
1,422700
1,0631,037
186566357
4,36514, 2223,695
10, 527
3,38710, 54512, 2172,7169,501
14, 739
14, 4768,410
198517393515
1,0121,0731, 3321,3131,439
277341
6, 0661,183
74875
1,254
employrevisedlan-hourJNITED
'78,800'76,002'72,477' 3, 525
' 2, 798'381
3.62.3
'3.7'12.3
'1.6'7.3'3.1
2.0'4.0
'3.6'6.0
3.43.2
69, 292
68, 701591
3,28519,80711,603
334603478649
1,2721,4101,962
1,9572,046
454438
8,2041,778
84988
1,426704
1,0681,041
187570358
4,37414, 2983,708
10, 590
3,411,10, 61012, 3252,7059,620
14,718
14, 5248,432
186520396520
1,0091,0921,3371,3021,446
280344
6,0921,191
71873
1,259 1
inent arbenchmaindexes,
STATES,
'79,042'76,388'72,682' 3, 706
' 2, 654'348
'3.42.0
'3.512.2
1.66.53.0
2.0'3.9
3.4'6.5'3.2'3.1
'69,585
'68,955'637
' 3, 279'19,871'11,661
'348'603'484
653'1,284' 1,416' 1, 985
' 1, 971' 2, 020
455'442
' 8, 210' 1, 777
82992
'1,419708
'1,073' 1, 046
188568357
' 4, 392'14,326
3,722' 10,604
' 3, 426'10,702' 12,322
2,696' 9, 626
'14,725
'14,568' 8, 475
'199521
'400525
'1,020' 1, 093
1,357'1,311
1,423280
'346' 6, 093' 1, 188
'69877
' 1, 252
id earnirrks andappear '.1909-68,
'79,368'76,765'72,923' 3, 842
' 2, 603'322
3.31.83.5
'12.7
1.46.0
'3.0
' 1.93.6
'3.3'5.4
2.82.6
'70,095
'69,280'637
' 3, 378'19,973'11,728
'353'613'487'662
'1,304'1,427'1,967
' 1, 982' 2, 029
'456'448
' 8, 245' 1, 790
'83995
'1,425'713
'1,074' 1, 049
'189'573'354
' 4, 391' 14,260' 3, 719'10,541
3,441'10,757' 12, 443'2,715' 9, 728
' 14,695
' 14,667' 8, 541
'198'531'403'533
'1,041' 1, 103' 1, 342' 1, 323' 1, 434
'281'352
' 6, 126'1,203
'70'881
'1,256
igs dataseasonaln BLS I$5.75, a
79, 87477, 22973, 4773,752
2,645316
3.32.03.5
11.7
1.46.03.0
1.93.8
3.45.53.22.7
68,446
69, 538640
3,34619, 98611, 791
353617488661
1,3101,4381,988
1,9902,034
457455
8,1951,791
85993
1,424717
1,0761,051
128577353
4,38014, 4253,738
10, 687
3,45410, 81012, 4972,7549,743
14, 495
14, 6958,604
200536406533
,045,112,365,330,436281360
6,0911,208
73878
1,255
(exceptfactors;bulletinvailable
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-14 SURVEY OF
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
CURKENT BUSINESS February 1969
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Bee.
1969
Jan.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally AdjustedProduction workers on manufacturing payrolls —
ContinuedNondurable goods industries— Continued
Paper and allied products thous__Printing and publishing doChemicals and allied products doPetroleum and coal products . doEubber and plastics products, nec_ do...Leather and leather products. _ _do
HOURS AND MAN-HOURS
Seasonally AdjustedAverage weekly gross hours per production worker
on payrolls of nonagricultural estab. :f1fMining hoursContract construction doManufacturing: Not seasonally adjusted do
Seasonally adjusted . . doOvertime hours - do
Durable goods .doOvertime hours 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, except electrical doElectrical equipment and supplies . . .do. . .Transportation equipment doInstruments and related products . doMiscellaneous manufacturing ind. do
Nondurable goods do. .Overtime hours do
Food and kindred products.. do .Tobacco manufactures doTextile mill products. . . doApparel and other textile products . . do
Paper and allied products . doPrinting and publishing doChemicals and allied products doPetroleum and coal products ... . do .Rubber and plastics products, nee . ... doLeather and leather products do
Wholesale and retail trade doWholesale trade doRetail trade do
Finance, insurance, and real estate _. .do
Seasonally AdjustedMan-hours in nonfarm estab., all employees,
seasonally adjusted, annual rateftbil. man-hours ..
Man-hour indexes (aggregate weekly), industrialand construction industries, totaltl
1957-59=100..Mining doContract construction doManufacturing do
Durable goods doOrdnance and accessories doLumber and wood products. .doFurniture and fixtures doStone, clay, and glass products.. do
Primary metal industries doFabricated metal products .doMachinery, except electrical doElectrical equipment and supplies doTransportation equipment ...doInstruments and related products doMiscellaneous manufacturing ind - -do
Nondurable goods. doFood and kindred products do . .Tobacco manufactures doTextile mill products doApparel and other textile products do
Paper and allied products. . . .do . .Printing and publishing doChemicals and allied products doPetroleum and coal products. .doRubber and plastics products, nee doLeather and leather products . ..do.. .
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per productionworker on payrolls of nonagricultural estab. :t1
Mining.. dollars..Contract construction doManufacturing establishments. do
518646574115398318
42 737 641.3
3 942 14 3
42.240 841 542 042 142 443 841 242 642 140 0
40 23 4
41 238 941 936 4
43 438 842 042 442 038.6
07 i4fl 7OK Q•>7 q
129. 33
116.082 5
114 1118 0124 5151.297 7
127 6111.1
117.3126.3138.9146.7117.1126.8113.1
109 596.285 1
106 2119.0
114 9115.3116 380 3
147.1100 6
130. 24146 26112.34
528662592115397304
42 637 740.6
3 441 23 5
41.740 240 441 641 141 542 640 241 441 339 4
39 73 1
40 938 640 936 0
42 838 441 642 741 438.1
36 540 3qe q
37 0
131.85
113.779 9
110 9115 8121 4206.393 3
121 7106.4
110.0123.7137.3142.5114.1126.5109.0
108 696.087 7
102.5117.1
115.3116.7118 680 8
144.394 9
135. 89154. 95114. 90
533662604117415307
42 537 241.140 73 4
41 33 6
41.640 140 741 741 641 642 440 441 741 239 4
39 93 2
40 836 941 636 2
43 038 041 842 141 338.3Ofi 0
40 1qc tqc Q
133.23
114.777 4
112 2117 0122 4218.993 9
125 1109.0
110.1125.3133.1143.3118.4126.4107.8
110.196.288.9
105.7118.0
117.0115.6121.681.4
150.796.2
137.70155. 13119.60
534660605117415306
41 836 040.040 23 5
40 93 7
40.238 639 640 841 541 541 840 141 840 639 2
39 23 3
40 537 539 935 1
42 637 841 742 941 237.8qc -i40 0q^ o
37 0
132.16
112.076 0
101 7115 7121 6214.990 8
122 6106.6
109.6124.8132.4142.3119.4124.1109.5
107.994.783.5
101.5113.5
116.1114.7121.582.9
150.494.6
136.95151.90117.60
535662606117422307
42 337 940.640.83 5
41 43 6
42.241 241 041 941 841 442 240 341 940 839 7
40 03 2
40 840 141 636 5
42 838 241 942 341 638.7
36 140 034 936 9
134.38
115.977 9
118 8117 3122 5225.697 6
127 0102.6
110.1123.8133.8142.6120.0124.7109.9
110.595.290.5
106.9118.7
116.9116.2122.381.7
154.497.2
136.45154.57119. 36
534662607117422308
42 336 840.640.73 4
41 43 7
41.940 540 941 741 841 542 140 242 440 839 5
39 83 3
40 737 941 636 2
42 738 241 642 241 438.7
36 139 934 737 1
133.80
114.977 8
113 1117 0122 3225.295 4
126 798.7
109.9124.8133.7141.7121.9124.3109.7
110.195.285.5
106.5118.0
116.4116.2121.681.5
153.697.5
137.10154. 94120. 18
536663602117426311
42.837.839.840.13.0
40.73 1
40.940.140.041.742.340.441.039.541 139.638.5
39.22 8
40 434 140 635 0
42 037 841 442 740 338.1
36 139 934 836 9
134.01
114.082 1
115 7115 4120 7221.093 0
124 5110.3
113.0121,2128.8139.2117.9119.3105.3
108 595.370 7
104 1114 8
114 9115.2120 082 5
151.097 0
140. 25159. 27118. 21
538665603118427312
42.637.240.940.93.7
41.53.8
41.540.341.241.842.041.741.940.242.940.539.7
39.83.3
40.738 041.236.3
43 038. 141 642 541.738.8
35 939 834 637 1
134.68
115.381 9
110 9117 7123 1225.492 8
128 9109.9
112.2125.2131.6141.9122.5122.1109.6
110.895.584.6
106.0119.6
118.1116.4120.882.8
156.699.1
141. 24162. 43122.29
542664609118435312
42.937.641.140.93.6
41.73.8
41.640.741.142.042.141.942.040.642.540.639.7
40.03.4
41.138.541.336.4
43.038.241.742.341.738.7
36.340.334 937.1
135 46
115.882 3
109 3118 7123 7231.893 3
129 6111.1
111.1127.0132.2142.5123.0122.4109.9
112.198.085.7
107.0120.8
118.9116.6122.382.4
159.598.8
144.09164.74123. 30
542665610119433301
43.437.340.740.93.6
41.53.8
41.340.740.741.941.941.74'.i. 040. 342.640.539.2
39.93.4
40.838.141.536.1
43.138.341.742.841.838.1
36.240.134.937.0
135. 89
115. 5QQ Q
m o
232.493 9
197 4110.6
110 8196 2131 0141 8196 7120. 7110 1
111 095 785 9
107 4118 2
119 9117.0122 584 1
159. 293 8
145.52167.52122. 10
545666614118438307
42.837.540.740.73.5
41.13.7
41.640.740.641.940.241.741.940.541 940.539.2
39.93 3
41.138 941 136 0
42 938 441 742 141 437.8
36 340 3q4 q37 0
136. 26
114.882 9
IftQ 7m q
122 0234.1
Q4 11 98 4111.0
104 2125 9131 6143 0119 3123.4110 1
111 296 691 3
106 6117 5
119 3117.5123 382 0
159.595 0
144. 52169. 94121. 69
541663614118438306
43.137.941.241.13.7
41.73.9
42.041.140.842.241.342.142.440.942.640.639.7
40.13.5
40.938.541.636.5
43.238.442.042.541.638.4
36.140.234.737.1
136 30
116.3oq 7
1 -iq n118 *>123 7234. 094 8
129 0111.2
105.9128 0133.2144 4123.4123.2110 6
111 795 886 9
107 5120.0
119.3117.0124.282.8
160.296.1
146. 35172. 99125.66
546667617119441308
41.337.541.141.03.7
41.64.0
42.040.840.842.241.442.242.340.542.640.639.5
39.93.3
40.837.641.136.4
43.138.641.942.641.738.7
35.940.134.537.0
136 40
116.07q n
m o
219.894 7
i n n112.2
105 8130 5133 4141 8124 0124.6111 0
111 996 281 4
106 0120 2
120 1118.3124 583.7
161.797.5
138.78172. 80125. 77
'550'669'620
119440309
'43.236.040.940.8'3.8
'41.7'4.1
'41.540.440.4
'41.741.442.342.3
'40.6'42.5'40.6'39.3
39.73.4
40.637.6
'41.035.9
'42.9'38.4
41.9'42.6'41.5'37.9
35.840.0
'34.536.9
136. 37
'115.6' 83 5
' 108 4r 1 18 R' 124 2' 232. 4
93 9' 130 0'112.0
' 107. 0'131 0
135.4' 143 2' 121.7' 124. 6' 111 1
111 3'95.5' 79 1
' 106 2' 117.9
' 120. 4'118.1' 125. 1'83.7
' 160. 6' 95.8
'148.43158. 20125. 97
'554671
'622119
'444'306
'43.5'37.8
41.140.7'3.841.4'4.0
'41.2'41.2'40.5
41.9'41.6'41.8'42.5'40.2'42.4'40.7'38.7
39.9'3.440.836.341.3
'36.2
43.2'38.4'41.9'42.3'41.4'37.5
35.739.934.337.0
136. 68
' 117. 7'84 1
' 117 7' 119 5' 125 0' 229. 5
r 97 Q' 131 3'114.2
' 109. 7' 130. 6' 134. 6' 143. 0' 122. 3' 125. 3' 111.3
112.2'97.2' 77.5107.5119.2
122.1118.4125.5'83.1
'161.7'93.9
151.38167.69127. 41
556670623
76448304
42.637.440.540.73.7
41.44.0
41.040.240.941.641.541.642.340.542.840.438.6
39.63.5
40.536.340.736.0
43.438.242.041.241.537.0
35.840.034.337.1
117.282 7
114 8119 4125 8230.796 1
133 6113.4
109.9131.0136.2144.9123.7124.4113.5
110.996.980.8
105.6118.5
123.1117.6126.051.7
163.592.0
147. 20164.53126. 36
' Revised. *> Preliminary.fSee corresponding note, bottom of p. S-13.
If See corresponding note, bottom of p. S-13.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-15
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
19G6 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted— Continued
Avg. weekly gross earnings per prod, worker onmanufacturing payrolls — Continued tl
Durable goods dollars. _Ordnance and accessories . .. doLumber and wood products doFurniture and fixtures . _ . . doStone, clay, and glass products do_.
Primary metal industries ..doFabricated metal products doMachinery, except electrical. . doElectrical equip, and supplies do .Transportation equipment doInstruments and related products do.Miscellaneous manufacturing ind do
Nondurable goods. _ doFood and kindred products - doTobacco manufactures doTextile mill products ..doApparel and other textile products do
Paper and allied products doPrinting and publishing doChemicals and allied products doPetroleum and coal products doRubber and plastics products, nee -.doLeather and leather products do
Wholesale and retail trade doWholesale trade doRetail trade do
Finance, insurance, and real estate do
Average hourly gross earnings per productionworker on payrolls of nonagricultural estab.:J
Mining ..dollars..Contract construction- doManufacturing do
Excluding overtime doDurable good- do
Excluding overtime . .doOrdnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products do
Primary metal industries doFabricated metal products doMachinery, except electrical doElectrical equip, and supplies.. . doTransportation equipment doInstruments and related products doMiscellaneous manufacturing ind do
Nondurable goods doExcluding overtime do
Food and kindred products doTobacco manufactures doTextile mill products doApparel and other textile products doPaper and allied products doPrinting and publishing doChemicals and allied products _._doPetroleum and coal products doRubber and plastics products, nee _doLeather and leather products do
Wholesale and retail trade doWholesale trade doRetail trade. do
Finance, insurance, and real estate do
Miscellaneous hourly wages:Construction wages, 20 cities (ENR) :
Common labor $ per hrSkilled labor do
Farm, without board or rm., 1st of mo do_.Railroad wages (average, class I) do
Spendable Weekly Earnings f 1Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:Current dollars. . ..Constant dollars 1957-59 dollars
PRIVATE SECTOR SERIESf!Not Seasonally Adjusted
Excludes government employees:^Employees, total, nonagricultural estab . . . .thous . .
Production or nonsupervisory workers doHrs. (gross), av. weekly: Unadjusted-hours..
Seasonally adj.doWeekly earnings (gross), average dollars..Hourly earnings (gross), average do..
! ?lvis?d- v Preliminary. i Includes adjustrr2 Effective Apr. 196*, data reflect income tax sun
Expenditure Control Act.
122. 09133 7791.8091.72
114. 24
138.09122. 11135. 34109.18141. 86114. 9388.80
98.49103. 8285.1982.1268.80
119. 35122. 61125. 58144. 58112. 1474.88
79.02111. 1168.5792.13
3.053.892.722.592.902.763.172.252.212.72
3.282.883.092.653.332.732.22
2.452.352.522.191.961.89
2.753.162.993.412.671.942.132.731.912.47
3.6235.2071.23
i 3. 106
99.4687.89
53,16344, 281
38.6
98.822.56
ents not c,harge imj
123. 60132. 1994.8794.13
117. 31
137. 27123. 67135. 89111.35142. 42117. 7192.59
102. 03107. 9887.6284.2573.08
122. 84125. 95128. 96152. 87113. 8578.87
82.13116. 0670.9595.46
3.194.112.832.723.002.883.172.362.332.82
3.342.983.192.773.442.852.35
2.572.472.642.272.062.032.873.283.103.582.752.072.252.882.012.58
3.8875.5271.33
i 3. 293
101. 1586.98
54, 41445, 130
38.0
101. 842.68
listribute(posed by
129. 16136. 7395.9299.84
119. 81
143. 45128. 52139. 53117. 26152. 01121. 6096.47
105. 86110. 7085.0389.6774.88
127. 74129. 75132. 82150. 06119. 5583.28
83.22119. 1872.2298.05
3.244.252.912.793.092.963.242.412.402.88
3.443.063.262.863.562.932.43
2.642.542.702.222.142.082.953.373.173.592.862.132.282.952.042.65
4.0095.713
3.338
105.0488.87
55, 76646, 360
38.037.8
103. 742.73
I by monthe Rev
127. 70132. 0393.2193.36
116. 29
144. 35126. 69137. 10115. 20151. 68117. 9795.06
103. 86109.8786.0184.7473.01
124. 91126.00132. 48157. 36117. 5581.92
83.41118. 1072.1198.42
3.304.342.942.833.133.003.262.442.402.90
3.473.093.282.883.622.922.45
2.672.572.742.352.142.112.963.363.203.722.862.152.332.962.092.66
4.0405.7471 42
3.335
103. 4387.21
53,98944, 582
37.337.6
102. 952.76
ths.enue an<
128. 54136. 5099.7998.01
118. 90
144. 70126. 28139. 59116. 06148. 63119. 5498.85
106. 40110.2893.6189.6479.57
125. 50128. 82133. 02153. 55117. 4285.80
84.49119. 4072.8099.26
3.284.272.942.833.123.003.252.472.422.90
3.473.083.302.883.592.932.49
2.682.582.752.472.162.182.963.393.193.702.852.202.363.002.112.69
4.0615.750
3.380
104.8588.11
54,25744,837
37.637.9
104.532.78
1
129.68133. 95100.5098.42
119. 19
146. 23128. 44140. 86115. 49151. 62119. 6698.60
106. 79111. 0892.0189.8480.15
125. 93130.64132. 70154. 24117. 1485.25
84.85119. 8072.9399.80
3.284.282.962.853.143.023.222.502.432.90
3.493.113.332.883.612.942.49
2.692.592.772.482.172.192.973.423.193.692.852.222.373.012.122.69
4.0615.750
3.358
105. 5088.28
54, 52045,068
37.637.8
104.902.79
tSeec
127. 58130. 33100. 9095.26
123. 85
150. 52124. 62135. 71112. 61146. 16115. 4495.12
104.76110. 0987.3086.2276.08
123. 97128. 22134. 60162. 54113. 3281.92
84.85119. 8973.49
100.00
3.304.272 972. 863.153.033.212.512.432.97
3.553.103.312.883.602.932.49
2.702.612.782.562.152.182.983.413.223.782.842.222.373.022.132.71
4.0765.7611.43
3.357
2 103.232 86. 10
55, 20845, 742
37.337.6
104.442.80
jorrespon
132.29133.63102.9799.88
126. 30
148. 54131. 99141. 46116. 58157. 38119.8898.75
108. 26113. 6898.1489.4079.50
129. 13131. 45135. 01159. 64120. 2285.47
85.32120. 9973.40
101. 01
3.304.322.992.873.183.043.222.532.463.00
3.523.153.362.903.662.962.50
2.722.622.802.612.172.193.013.453.233.732.892.222.393.042.142.73
4.1625.865
3.349
106.3888.43
55, 49745,988
37.737.8
106. 692.83
ding not
132. 92134. 37106.30101. 52127. 62
150. 10132. 62141.37118. 15155. 55120.8899.25
109. 47115. 36102. 3190.6980.30
130. 59132. 94136. 27158.90121. 6487.36
87. 36122. 9275.82
102. 12
3.324.293.002.873.183.043.232.582.473.01
3.543.153.352.913.662.972.50
2.732.622.802.632.182.203.033.483.263.732.912.242.403.052.162.76
4.2245.974
3.254
107. 1688.64
56, 44446, 852
38.137.9
108.592.85
e, botton
131. 02131.61105. 0199.14
126.72
148. 75130. 41140.11116.51152.52119.3996.36
110. 00115.9299.5389.1979.06
132. 32132. 94136. 45163.18121.4285.31
88. 56122. 8277.33
102. 77
3.334.343.002.883.183.053.212.582.463.01
3.553.153.362.923.642.972.49
2.752.632.802.642.172.193.073.483.283.762.942.212.403.042.162.77
4.2345.9891 45
3.464
106. 2387.43
56,47946,816
38.237.9
109.252.86
lofp . S-
130 29134 05107 12101 76128. 05
142. 36132 09139. 44118. 37150. 70121.2097.71
110. 55114. 9695.5592.5181.40
133. 06135. 49136. 45157. 78122. 3085.41
88 80123.2277.33
102. 77
3.334.382.992 863.173.033,232.602.473.02
3.553 163.362.933.643 002.48
2,752.642.772.452.242.233.083.513.283.732.942.232.403.052.162.77
4.2876.073
3.496
105. 9186.88
56, 74647, 053
38.337.9
109. 542.86
13. If
135. 01137. 76109.03104.33130. 36
148.68136. 85143. 82121. 06160. 07123. 6299.50
112. 03116. 4894.3394.0282.26
135. 60137. 39138. 60162. 49125. 4685.28
88.08124. 6275.99
103.60
3.384.473.052.903.233.083.282.642.523.06
3.603.223.402.963.743.032.50
2.782.662.802.372.262.263.113.553.303.772.982.252.443.102.192.80
4.3076.102
108. 9889.18
56,79347, 127
38.138.0
110. 872.91
See corr
135. 85139.68107.68104.58130. 36
147. 24136. 95145. 51121. 29162. 92123. 62100.15
111.88115. 2192.4394.2182.63
134. 97137. 03138. 69160. 98125. 1686.56
87.47123.9175.46
104.25
3.324.503.062.923.253.093.312.622.523.06
3.603.233.442.983.783.032.51
2.792.672.812.372.272.273.113.553.313.772.982.262.453.092.202.81
4.3176.1341 41
109.0688.74
56,85347, 186
37.837.7
110. 382.92
espondin
'136.78'138.86105. 32
'103.22'127.91
'149.56137.80146. 36
'122.81'165.02'124.85'100.04
'112.12'116.69
94.13' 93. 98' 81. 35
'134.78'136.70139. 86
'161.88'124.68' 86. 03
87.33124.80' 75. 36
'104.43
'3.464.523.082.94
'3.283.123.332.62
'2.53'3.06
'3.633.253.46
'3.01'3.82'3.06
2.52
'2.812.69
'2.862.512.27
'2.263.123.563.33
'3.802.992.272.463.122.21
'2.83
4.3216.150
109. 2288.51
'57,063'47,396
37.537.5
'109.88'2.93
g note, b
137.85'140.87'107.16'105.16'128.33
'152.62'137.57'149.29'123.62'166.66'126.28'100.62
113. 08118. 08' 96. 51' 94. 43'81.00
'136.59'139.65'140.70'169.02'125.70
88.09
' 87. 96'125.83
76.12'105.74
3.484.523.102.963.29
'3.14'3.37'2.62'2.54'3.07
'3.663.263.48
'3.03'3.84'3.08'2.58
2.822.702.882.56
'2.27'2.25'3.14
3.59'3.35'3.81
3.00'2.30'2.45'3.13
2.20'2.85
4.3436.173
110.3389.19
'57,452'47,758
37.837.6
110. 752.93
ottom ol
136. 70139. 59104.28102. 11125. 15
153.09134. 72147. 63122. 51164.78123. 4199.58
111. 22116.2991.5992.1181.30
135. 45136.06139. 70151. 00124. 6185.79
88.40125.2976.16
106.48
3.484.523.122.993.313.173.382.622.543.06
3.683.273.493.043.853.072.60
2.832.722.902.582.282.293.153.593.353.713.012.302.493.142.242.87
1.57
55,89616, 219
37.537.8
110.632.95
p. S-13.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-16 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP- WANTED ADVERTISINGSeasonally adjusted index __ .1957-59 = 100. _
LABOR TURNOVERManufacturing establishments:
Unadjusted for seasonal variation: AAccession rate, total
mo. rate per 100 employeesNew hires do
Separation rate, total - - - - do _ _Quit doLayoff do
Seasonally adjusted: A
New hires.. . __ _ _ _ _ _ _ do. _Separation rate, total _do__
Quit doLayoff do
INDUSTRIAL DISPUTESStrikes and lockouts:
Beginning in period:Work stoppages _ _ numberWorkers involved thous
In effect during month:Work stoppages numberWorkers involved thous
Man-days idle during period doEMPLOYMENT SERVICE AND UNEMPLOY-
MENT INSURANCENonfarm placements thousUnemployment insurance programs:
Insured unemployment, all programs© doState programs:
Initial claims doInsured unemployment, weekly avg do
Percent of covered employment :cfUnadjustedSeasonally adjusted
Beneficiaries weekly average thousBenefits paid mil. $
Federal employees, insured unemployment,weekly average thous
Veterans' program (UCX):Initial claims doInsured unemployment weekly avg doBeneficiaries weekly average doBenefits paid mil. $
Railroad program:Applications thousInsured unemployment weekly avg doBenefits paid mil $
190
5.03.84.62.61 2
4,4051,960
25,400
6 493
1,123
10 5751 061
2.3
8951,771
20
1822119
39.5
14520
39 3
182
4.43.34.62.31.4
4,5952 870
42 100
5 817
1,270
11 7601*205
2 5
1 0172 092
20
2222321
46.3
24120
40 6
190
2.82.03.91.51.6
4 43.4
2.31.2
18274
445210
2,550
380
1,338
1 1491,259
2 6r 2 2
942159.2
23
253326
4 6
3923
4 4
184
4.23.04.42.01.5
3.5
2.31.4
310135
470211
2,520
419
1,718
1,4601,624
3.3r 2 4
1 317248.5
28
314036
6.9
2526
4.7
193
3.82.73.91.91.2
3.3
2.51.4
330232
500326
3,780
400
1,651
9691,556
3.22 3
1,374243.7
29
244038
6.7
1227
4 0
202
3.92.94.12.11 1
3.4
2.41.2
330130
510302
3, 550
438
1,478
7621.390
2.82 3
1,298231.1
26
213639
7.0
1526
4.1
188
4.33.24.12.21.0
3.5
2.31.1
490438
690545
4,910
482
1,214
8221,142
2.3r 2. 1
1,060195.1
23
182926
4.9
820
3 3
187
4.63.54.32.41.0
3.4
2.51.3
600252
810580
5,650
496
1,025
696964
2.02.2844
159.1
20
172523
4.7
416
2.6
189
5.94.74.12.3
9
4 53.3
2.41. 1
500167
750331
4,260
538
942
642883
1.82.2794
129.1
19
202525
4.5
1314
2. 1
185
4.93.75.02.31.7
4 63.5
2.41.2
370163
630316
3, 810
542
1, 057
1,080991
2.02.3770
145. 6
20
283025
5.3
1916
2.3
198
5.74.36.03.71 2
4 53.45. 02.61.3
420140
690290
3,660
531
1,023
778955
1.92.3804
150.0
20
263229
5.9
1016
3.1
219
5.74.56.34.11 i
4 73.54.72.41 2
400151
670268
2,820
561
867
604802
1 62 2687
121.8
19
222826
5.2
718
3 1
213
5.04.04.92.81.2
4 83.74.62.61.1
480267
720379
3,570
540
861
701794
1.62 1644
126.0
20
262724
5.2
920
4 0
222
'3.8••2.9••4.1
2.1r 1.2
r 4 7
'3.5r 4. 5
2.6r 1.1
p 270v 112
p500P224
p 2, 210
426
984
788913
1.82 1680
122.5
21
263226
5.3
618
3.4
P225
P3.0P2 .2P3.9pi . 6pi. 4
» 4 7P3.8p 4. 1P2.5p l . O
P200P107
P410pl70
p 1, 650
360
1,252
1,1611,172
2.32.0885
170.3
22
293834
7.2
2.03.6
FINANCE
BANKING
Open market paper outstanding, end of period:Bankers' acceptances mil $Commercial and finance co. paper total do
Placed through dealers doPlaced directly (finance paper) do
Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:
Total, end of period mil $Farm mortgage loans:
Federal land banks doLoans to cooperatives doOther loans and discounts do
Bank debits to demand deposit accounts, exceptinterbank and U.S. Government accounts,annual rates, seasonally adjusted:
Total (233 SMSA's)O bil $New York SMSA do
Total 232 SMSA's (except N Y ) do6 other leading SMS A 'si do226 other SMSA's. . do
Federal Reserve banks, condition, end of period:Assets, total 9 - . mil. $
Reserve bank credit outstanding, total 9 __doDiscounts and advances doU.S. Government securities do
Gold certificate reserves - do
Liabilities, total 9 do
Deposits, total. doMember-bank reserve balances do
Federal Reserve notes in circulation do
Ratio of gold certificate reserves to FR noteliabilities percent..
3 60313 9793 089
10 190
9 45°
4 9581 2903 205
5 923 12 502 23 420 91 328 12 092 7
70 332
47, 192173
44, 28212 674
70 33?
20 97?19, 79440, 196
31.5
4 31717 0844 901
12 183
10 848
5 6091 5063 733
6 661 52 921 23 740 31 471 82 268 5
75 330
51, 948141
49 11211 481
75 330
22 92020 99942, 369
27.1
4 31717 0844 901
12 183
10 848
5 6091 5063 733
7 047 03 149 73 897 31 515 42,381 9
75 330
51, 948141
49 11211 481
75 330
22 92020, 99942, 369
27.1
4 31218 3705 216
13 154
11 012
5 6611 5653 785
7 369 43 323 44 046 01 584 82 461 2
74 319
51, 434843
49 09211 484
74 319
23 61421.83841,365
27.8
4,26617, 8135 493
12, 320
11 188
5 7211 5953 871
7 263 93 216 84 047 11 593 32 453 8
73 462
51, 056166
48, 95211 384
73 462
23 04021, 19541,211
27.6
4 33618 4875 832
12 655
11 361
5 7931 5983 970
7 218 73 197 94 020 81 601 62 419. 2
72 892
52, 127672
49 69110 131
72 892
22 61421, 13341,490
24.4
4 43017 5095 930
11 579
11 488
5 8531 5494 085
7 500 73 285 54 215 21 673 52 541 7
74 393
52, 612741
50 50710 1?8
74 393
22 88521, 22141,811
24.2
4 35918 4175 761
12 656
11 598
5 9231 4824 193
7 614 03*370 64 243 41 722 02*521 4
74 736
53, 4361,026
50 62510 026
74 736
23 21721, 33442, 137
23.8
4 28618 7985 822
12 976
11 730
5 9731 4544 302
7 948 53 595 04 353 51 771 02 582 5
75 510
54, 610305
52, 23010 025
75 510
23 19621, 46242, 534
23.6
4 33019 7466 270
13' 476
11 830
6 0041 4544 372
8 163 03 726 14 436 91 807 92 629 0
76 296
54, 880736
52, 39710 025
76 296
93 4%21, 70242, 857
23.4
4 41820 7347 091
13 643
11 809
6 0331 4504 326
8 521 84*079 64 442 21*825' 22 617 0
75 592
55, 461529
53, 04410 026
75 592
23 31421, 80843, 179
23.2
4 32720 264
7 73712*527
11 722
6 0641 4794 179
8 368 43* 857. 84 510 61 840 22 670 4
77, 388
54, 707390
53, 27910 026
77 388
22 94921, 23343, 273
23.2
4 42020 8397 592
13 247
11 734
6 0941 5514 090
8 599 83 953. 74 646 11 904 92 741 2
77 215
55,919179
53 32910 096
77 215
23 93522, 31643, 472
23.1
4 38922 2207 758
14 462
11 677
6 1071 5833,987
8 540.1'3,925 94 614.21, 904. 12, 710. 1
78, 977
56, 226471
53,35010 026
78 977
23 66722, 53344, 481
22.5
4,42820, 4977,201
13,296
11 748
6,1261 5774,044
8, 752. 94, 076. 84 676.11, 902. 42, 773. 7
78, 972
56, 613188
52, 93710 026
78, 972
23 47321,80745,510
22.0
77,635
55, 892862
52, 12710, 025
77,635
24, 29523. 12444, 170
22.7
'Revised. p Preliminary.AAdjusted to new benchmarks and seasonal factors; see note '%" p. S-13.©Excludes persons under extended duration provisions.cflnsured unemployment as % of average covered employment in a 12-month period.
OTotal SMSA's include some cities and counties not designated as SMSA's.^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.9 Includes data not shown separately.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SUKVEY OF CURRENT BUSINESS S-17
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
End of year
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,averages of daily figures:
Reserves held total mil. $Required - do_ __Excess . _ _- - .. _-do
Borrowings from Federal Reserve banks _ _ .doFree reserves . _ _ _ d o .
Large commercial banks reporting to Federal Re-serve System, Wed. nearest end of yr. or mo.:
Deposits:Demand, adjustedcT mil. $Demand, total 9 do _
Individuals, partnerships, and corp doState and local governments doU.S. Government doDomestic commercial banks _ __ _ _ _ d o
Time, total 9 doIndividuals, partnerships, and corp.:
Savings . doOther time _ _ _ _ _ _ _ do ._
Loans (adjusted), totaled - doCommercial and industrial ._ __ _ doFor purchasing or carrying securities. _..do .To nonbank financial institutions doReal estate loans. _ _ -do _Other loans do
Investments, total doU.S. Government securities, total do
Notes and bonds doOther securities _ do
Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates) , seas. adj. :|
Total loans and investments© bil. $Loans O doU.S. Government securities doOther securities _ . do
Money and interest rates: §Bank rates on short-term business loans: t
In 35 centers percent per annum--New York City.. ._ do7 other northeast centers do8 north central centers do7 southeast centers.. . do8 southwest centers do. . .4 west coast centers do
Discount rate (N.Y.F.R. Bank), end of year ormonth percent..
Federal intermediate credit bank loans _ _ d oFederal land bank loans doHome mortgage rates (conventional 1st mort-
gages) :JNew home purchase (U.S. avg.) percentExisting home purchase (U.S. a~vg.) do._.
Open 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
CONSUMER CREDIT(Short- and Intermediate-term)
Total outstanding, end of year or month J mil. $
Installment credit, total doAutomobile paper doOther consumer goods paper. _. _ doRepair 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 doAutomobile dealers _ do
Noninstallment credit, total. ._ doSingle-payment loans, total. _ _ _ do
Commercial banks. doOther financial institutions _ do
Charge accounts, total doCredit cards do
Service credit do
1 23, 8301 23, 438
1392*557
* -165
75, 120114, 76583, 1086,1373,882
13, 838
89, 639
47, 21329, 002
134, 76160, 7796, 691
11,22827, 49234 729
51 50224, 80319 81626 699
2310.52208 2
53.6248.7
4.503 5.823 5 74
36.1436.30
4 5. 364 5. 554 5. 424 5.78
4 4. 8814 5 16
97, 543
77 53930 55620 9783,818
22 187
66 72431 31916, 6978 2557,6632 790
10 815277
20,0047,9726 9461,0266,686
8745.346
i 25, 260» 24, 915
134512381107
81, 848127, 27792, 3806,2313,818
15, 752
102, 921
48, 86438, 273
143 96666, 2908,350
10 47028, 98837 700
61 80428 37122 32233 433
346 5225 4
59 761 4
35.9935.7236.3435.9635.9636.0636.09
4.503 5 883 6 02
36.3336.40
4 4. 754 5. 104 4. 894 5. 66
4 4. 3214 5 07
102 132
80 99630 72422 3953,789
24 018
69 49032 70016, 8388 9728 1032 877
11 436285
21 2068 4287 340l'o886,9681 0295. 810
25 26024 915
345238107
81 848127 27792, 3806 2313 818
15, 752
102 921
48 86438 273
143 96666 2908,350
10 47028, 98837 700
61 80428 37122 32233 433
346 5225 4
59 761 4
4.505.826 24
6.416.51
5.435.565.436.00
5.0125 72
102,132
80 92630 72422 3953,789
24 018
69 49032 70016, 8388 9728 1032 877
11 436285
21, 2068,4287 3401,0886,9681 0295.810
25 83425, 453
381237144
78 598120 12886, 0536 3015 467
13 298
104 178
48 51639 639
141 76264 9948,3609 676
29 03536 293
62 05728 08022 05733 977
349 9227 5
60 062 4
4.505 986 68
6.396.57
5.405.605.466.00
5.0815 53
101,260
80 37930 57922 1173,734
23 949
69 23832 71016, 7268 8688 0502 884
11 141285
20, 8818,4497 3521,0976,4241 0476.008
25, 61025, 211
39936138
75, 721116,45682, 761
5 9846,515
12, 785
104, 961
48 62039, 910
140 51165, 0577,5629 303
29, 10636 431
62 92728, 73823 87034 189
353 9229 2
62 062 7
6.366.146.736.356.216.416.31
4.506 106 71
6.476.58
5.235.505.256.00
4.9695 59
100,771
80 23330 68221 7673,708
24 076
69 43932 83916, 7138 8998 0712 917
10 794286
20, 5388,4847 3751,1095,8591 0176.195
25 58025 224
356671
—315
76 944117 04484 791
P) 6903 3°3
14 902
104 696
48 99039 (532
149 07867 0136 5789 597
29 26836 099
61 489
97 20823 40334 274
352 5229 o59 963 6
5.006 216 71
6 506.59
5.505.645.406.00
5.1445 77
100,981
80 47430 94221 6443,688
24 200
69 84033 08216, 7598 9758 0912 933
10 634289
20 5078,5297 4161 1135,7101 0126.268
25, 54625, 276
270683
-413
78, 384121, 31786, 1477,1215,208
13, 394
104, 080
48 38639, 113
144 87267, 7576,938
10 54029 54337 016
60 88526 00523 21034 880
355 2231 460 363 4
5.506 306 71
6 576.64
5.755.815.606.18
5.3655 69
102 257
81 32831 33121 8413,697
24 459
70 60033 56216,8689 1098 1442 917
10 728293
20 9298,6367 5961 1106,0261 0216.267
25 50595 085
420746
—326
76 136115 10883 8605 9463 107
13 135
104 170
48 47039* 295
143 66767 0546 7369 634
29' 84437 779
61 13626* 49423 94234* 642
357 3232 661 063 6
6.846.607.196.896.616.876.76
5.506 376 75
6.696.81
6.046.185.996.50
5.6215 Q5
103,411
82 31231 81822 Oil3,746
24 737
71 56034 07917, 0109 2718 1753 025
10 752'298
21 0998 6637 5261 1376,2761 0226.160
25 71325 362
351692
—341
76 164123 43087 9986 9022 793
15 837
104 118
48 59740 006
148 69569 229
7 68910 60830 29638 945
60 08325 39723 38234 756
357 8233 5
60 463 9
5.506 476 92
6.886.97
5.966.256.046.50
5.5445 71
104,620
83 43332 36422' 2483,769
25 052
72 61034 58517, 2399 4618 3023 023
10 823303
21 1878 6747 5461 1286,3681 0906. 145
26,00125,702
299525
-226
78, 839122,37387, 330
6,2473,774
14,582
106,411
48 27441, 972
149 81169 1818,839
10 37730 43438 202
62 13127 07023 25335 061
365 9238 463 164 4
5.506 576 96
7 047.10
5.856.196.026.50
5.3825 44
105 680
84 44832 87422 4523,808
25 314
73 57335 10317, 4489 5748 3973 051
10 875308
21 2328 6957 5651 1306,4571 1606. 080
C26 069C25 694
375565
— 190
76 793117 00484 9295 5163 055
13 635
108 259
48 26943 042
148 61568 1348 7519 789
30* 740OC «Q1
CA I OQ
27 781
Ofl O^Q
Q7f\ A
p<y f\
f>c r
6 89
6 677 166 966 746 866 86
5.256 A i
7 10
7 12
5.665.885.746.50
5.095
i n7 OQO
85, 684
3,85725, 725
74 69035 67217 6709 7398 4903 119
10 QQ4
31321, 4068,7747 6271 1476,5741 2456. 058
26 07725, 694
383515
-132
78 029127 36488 4126 3665 485
16 216
109 359
48 51244 023
153 41169 69310, 245
r!0 61731, 057
r40 137
66 23928 60224 70137 637
374 8243 864 067 0
5.256 616 96
7.107.11
5.635.825.616.50
5.2025 30
107 636
86 18433 33622 9883,881
25 979
75 11435 92317, 6809 8518 5303 130
11 070313
21 4528 8687 7191 1496,5501 2676.034
26 65326, 93
260427
-167
79 134123 57488, 655
6 1753 990
14, 896
110 771
48 52245 106
151 92769 6868,296
10 25331 46239 498
68 05130 09924 77037 952
379 6246 964 268 5
5.256 596 96
7 097.09
5.795.805.596.50
5.3345 42
108 643
87 05833 69823 2483,910
26 202
75 87136 35217, 8239 9628 5883 146
11 187317
21 5858 9437 7941 1496,6921 2685. 950
26 76026, 472
288569
—281
78 964125 00791 4956 1751 429
15 596
111 937
48 67245 926
154 02471 1787 691
10 28731 75240 485
66 52528 23124 48038 294
381 6250 461 070 2
6.616 406.956 696.446.486.62
5.256 546 96
7.077.07
5.975.925.756.25
5.4925 47
110 035
87 95333 92523 668
3,93126 429
76 44636 56017, 96010 0498 6853 192
11 507319
22 0829,0247 8571 1676,9641 2946.094
r 27 12226 766
r455765
r —310
88 930144 295102 818
7 6753 437
19 064
112 103
49 16145 013
161 82473 9889 533
11 86632 05140 882
68 34729 35424 04038* 993
384 5252 361 770 5
5.506 536 97
7.097.09
6.20"6. 17
5.866.50
5.9165 99
113, 191
89 89034 13024 8993,925
26 936
77 45736 95218, 21910 1788 9133 195
12 433320
23, 3019,1387 9751,1637,7551 3056.408
28 04427 836
208700
—492
81 II9
127 00290 1136 3185 434
14 596
110 030
48 34244 402
156 68272 8967 390
10 40132 22042 745
65 86127 65623 64938 205
385 3253 g
60 471 0
5.50
6.466.536.146.50
6.1776 04
" Revised.i Average for Dec. 2 Effective with the June 9 change in Federal Reserve regulations,
data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); begin-ning June 30, about $1 bil. of certificates, formerly in "other loans," are in "other securities."
3 Average for year. * Daily average.o"For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process, of collection: forloans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).9Includes data not shown separately. {Revised monthly data for commercial bank cred it
for 1948-June 1967 appear on p. 44 of the Sept. 1968 SURVEY; those for home mortgage ratesfor 1965-66 and for consumer credit for 1956-Oct. 1967 will be shown later. ©Adjusted toexclude interbank loans. §For bond yields, see p. S-20. fBeginnmg Feb. 1967, seriesrevised to cover 35 centers and exclude rates for certain loans formerly included (see May 1967Federal Reserve Bulletin).
330-841 O - 69 - 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-18 SUKVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FINANCE—Continued
CONSUMER CREDIT cf— Continued
Installment credit extended and repaid:Unadjusted:
Extended, total mil. $Automobile paper .. _ _ _ _do_Other consumer goods paper doAll other . _ _ do
Repaid, total doAutomobile paper doOther consumer goods paper _ _ _ _ _ .doAll other do
Seasonally adjusted:Extended, total do
Automobile paper. _ do_ _Other consumer goods paper doAll other . _ _ _ _ _ _ do
Repaid, total.. doAutomobile paper do. __Other consumer goods paper doAll other _ __do
FEDERAL GOVERNMENT FINANCEBudget receipts, expenditures, and net lending: J
Expenditure account:Receipts (net) _ _ _ . . mil. $Expenditure (excl. net lending) do
Expend, acct. surplus or deficit (— ) doLoan account:
Net lending doBudget surplus or deficit (— ) do
Budget financing: tBorrowing from the public . . .doReduction in cash balances do
Total, budget financing _ _ doGross amount of debt outstanding^ do
Held by the public do
Budget receipts by source and outlays by agency: HReceipts (net), total _ _ . - _ _ _ _ . mil. $
Individual income taxes (gross) .do. -Corporation income taxes (gross) doEmployment taxes (gross) __ .do _ .Other do
Expenditures and net lending, total 9 - doAgriculture Department doDefense Department, military doHealth, Education, and Welfare Department
doTreasury Department ... _ _ _ _ _ _ do. _ .National Aeronautics and Space Adm doVeterans Administration ._ . do
Receipts and expenditures (national income andproduct accounts basis), qtrly. totals seas. adj.at annual rates:
Federal Government receipts, total. bil. $Personal tax and nontax receipts doCorporate profit tax accruals doIndirect business tax and nontax accruals.doContributions for social insurance _ do
Federal Government expenditures, total. _ doPurchases of goods and services do
National defense.. doTransfer payments doGrants-in-aid to State and local govts doNet interest paid doSubsidies less current surplus of government
enterprises bil. $ _
Surplus or deficit (—) _ do_ ..
LIFE INSURANCE
Institute of Life Insurance:Assets, total, all U.S. life insurance companies t
bil. $__Bonds (book value), total _ doStocks (book value), total. do .Mortgage loans, total _ do
Nonfarm _ doReal estate _ doPolicy loans and premium notes. _ _ doCash _ doOther assets _ do
Payments to policyholders and beneficiaries inU.S., total mil. $_.
Death benefits . doMatured endowments. doDisability payments doAnnuity payments _ doSurrender values _ doPolicy dividends do
82, 33527, 34125, 59129, 403
76, 12025,40423, 17827, 538
1149 555U53 184i -3, 629
i _5 1781 -8, 807
12 8481 5, 95918 807
1149 555i 69 371i 34, 918i 26 483i 28 365
1158 362i 5, 841
167 453
134,9501 13 045i 5, 423i 6 688
143.061.732.415.833.1
142 477 460 635.714.49 5
5 4
.7
2 167. 022 71 902 8.762 64. 612 59 37
2 4 882 9.122 1 532 6 23
12, 342. 25 218. 2
981.6169.3
1, 152. 62, 120. 62. 699. 9
84, 69326, 66726, 95231, 074
81, 3062,649925, 53529, 272
1153 485U72 9561-19,471
i __5 936
i -25, 407
i 23, 09012,317
i 25 407
1 153, 485i 78, 218i 29, 889i 27, 576i 29 177
1 178, 892i 7, 326
1 77, 190
141,251i 14, 719i 4, 722i 7, 037
151.267.330.916.236.8
163.690 672.442.315.710 3
4.8
-12.4
2 177. 36275 422 10. 792 67. 522 61 9525.19
2 10. 062 1 562 6 83
13, 293. 65 665 31,017 1
174 61,261.32, 243. 12. 932. 2
8,3782,0743,2653,039
6,9372,0682,1932,676
7,3602,2332,3832,744
7,0012 2052 2552,541
'12 363
r 704
361, 977'286,520
'12 3634,8284,2241 5361 952
156.469.732.416.437.9
168 693 574 642.717.010 7
4.6
—12.2
177. 2075 499.00
67.6062 045.18
10.081 568.30
1,373.4520 580 812.991.8
191.8475.6
6,7822,1572, 1562,469
7,3292,3022,4342,593
7,4532,3852,3392,729
7,0542 2542 2232,577
12 22014 864
-2,644
—589-3, 233
'3,971r -738
3 233
365, 021••290,491
12, 2208,152
9401,5832 046
15, 453447
6 891
3,2471 305
372595
178.2676 379.06
67.7762 225 21
10.171 468 23
1,174.9531 286 517.4
133.5196.0210.3
6,7162,2961,9252,495
6,8622,1932,2752,394
7,8472,5592,4582,830
7,1112 2752,2692,567
12 08713, 695
-1,608
—688-2, 296
r 4,085'-1, 789
2 296
370, 639r294,578
12 0876,901
6503 3452 591
14 383495
r 6 163
3,3161 228
395598
178. 7676.689.17
67.8762.295.24
10.261.338.21
1,150.8531.681.013.7
114.4197.0213.1
7,5012,5652,2952,641
7,2602,3052,4182,537
7,9032,6052,5312,767
7 2812 3162 3722,593
11 87014 311
-2, 442
—611
-3,053
r — 1,350r 4, 403
3 053
368, 862'293,227
11 8706,2054,4392,0502 025
14, 923777
6 069
3,5811 312
410606
166.672.037.017.040.5
175 197 176 845.117 711 3
3 9
—8.6
179. 4876 979.35
68.0662 425 26
10 361 188 30
1, 278. 4575 490 518 0
111.8215.0267.7
8,2192,7642,5332,922
7,3652,3752,3362,654
7,8632,5092,5972,757
7,2222 2972 3402,585
19 04515 1993,847
—4793,368
r— 1,631'-1, 737—3 368
367, 749r291,596
19 04511,7324,3393 0682 468
15 678796
r 6 831
3,4091 350
377634
180. 4177.159.43
68.1262.455.30
10.471.198.74
1, 155. 3508 783.815.5
112.2208.1227.0
8,3772,8532,5203,004
7,3932,3662,3502,677
8,0332,5902,5352,908
7,3012 3272 3122,662
11 71115, 385
-3, 674
—856-4, 529
' 2, 786r 1, 743
4 529
373,185••294,383
11,7116,105
7633,4263 851
16, 241565
6 902
4,3741,347
425610
181. 2377.429.59
68.3462.635.34
10.601. 178.78
1, 177. 9525.884.116.2
117. 2218.5216.1
8,1152,7352,4412,939
6 9942,1892,2042,601
8,0032,5702,5362,897
7,2872,2892,3242,674
' 19 539r 14,374' 5, 165
r —313r 4, 852
r_3 797r— 1,055r_4 852
'369,723r290,586
r 19 539' 7,815
7,4122 5472 100
r 14,687"197
r 7 192
' 3, 903r_i 396
450485
171.874 938.217.541.2
181 9100 079 047.718 311 8
4 1
— 10 2
182. 1177 599.75
68.5162 785 37
10.731 248 92
1, 127. 2476 476 718 6
118 7194.4242.4
8, 7382, 9742,6313,133
7,7232,4642,4272,832
8, 2472,6732,6222, 952
7, 3902. 3522, 3742,664
' 11, 701' 13,953' 2, 254
313
'-2,564
r-4,097- 1, 433"2 564
373, 356294, 631
r 11,7015, 1642, 2592, 0872 450
' 14,266599
5,543
3, 527' 1, 344
277590
183. 0978 149.94
68.7162 975 42
10.811 408 68
1, 120. 5499 2
74 915 4
117 3201.4212.3
8,5022,7742,5313,197
7,2662,3232,2062,737
8,1872,6842,4833,020
7,2532 3272,2092,717
' 13, 188' 16,152-2,963
—189'-3,153
' 2, 839314
' 3, 153
378, 018297, 492
' 13,1886,472
6542,8803 439
' 16,3411,2706 449
3,771' 1, 357
434599
183. 8478 3410.0468.9163 155 47
10.921 358 79
1, 198. 8507 375 516 8
112 1204.7282.4
7,6822,3542,4622,866
7,1822,3432,2512,588
8,4162,7832,5603,073
7,7012 4822,4282,791
' 18, 741' 16,016' 2, 726
—207' 2, 518
'-4,5282,010
'—2,518'372,617292, 947
' 18,7419.2475,1332,3802 188
' 16,2231,6456,438
3,764' 1, 351
342622
182.183.7
'38.617.842.0
184.9101 279.648.718.512.1
4.4
-2.8
184. 7578.5110.1769.0263.255.50
11.031.459.07
1,162.3498 6
75 015 6
113.2200.5259.4
8,6872,9172,7523,018
7,8132,5552,4922,766
8,5332,7822,6453,106
7,5862 3912,4512,744
10, 73316, 570
-5,837
-286
-6, 122
3,1322,9906,122
375,374296, 121
10, 7335,3591,4961,9372,243
16, 8561,2896,769
3,7901,252
393' 597
185. 7078 9810.3469.2163 435 51
11 121 469 08
1, 247. 2547 884 615 9
122 8218.6257.5
8,1662,5462,7392,881
7,2712,3192,3192,633
8,2882,6812,6402,967
7,4542,3632 3882,703
12 70515 038
-2,332
— 55-2, 387
—6863 0732 387
375, 120295, 441
12 7056 541
6792 4953 194
15 092754
6 342
3,8301 436
329617
186. 8979 3210.5169.4163 635 54
11 201 459 47
1, 087. 3466 1
75 415 5
117 0186.5226.8
9,5682,4893,6083,471
7,6312,2842,3772,970
8,2772,5922,6563,029
7 5022,3572 4222,723
15 82014, 4651,355
711,426
—3 5865,0131 427
371,267291, 855
15 8206,4435,2731 8482 438
14 394675
6 702
3,7621 416
353581
86 8
18.142.4
r ige 9' 101 7
80 049 519 2
r 19 3
' 4 1
' Revised.i Data shown in 1966 and 1967 annual columns are for fiscal years ending June 30, 1967
and June 30, 1968, respectively; revised monthly data not available. 2 Annual statementvalues.
d" Sec note " J" on p. S-17.UTables showing cash transactions and administrative budget receipts and expenditures
have been discontinued. Data shown in the indicated sections are on the basis of budgetconcepts adopted pursuant to the recommendations of the President's Commission on BudgetConcepts.
9 Includes data for items not shown separately.J Revisions for Apr. 1966-Aug. 1967 will be shown later.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1960 SURVEY OF CURRENT BUSINESS S-19
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June*
July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FINANCE—Continued
LIFE INSURANCE— ContinuedLife Insurance Agency Management Association :t
Insurance written (new paid-for insurance):Value estimated total mil. $
Ordinary (incl mass-marketed ord )tQrouptIndustrial do
Premiums collected:Total life insurance premiums do
Ordinary (incl mass-marketed ord )f doQroupf doIndustrial do
MONETARY STATISTICSGold and silver:
Gold:Monetary stock, U.S. (end of period) _ _ _ m i l . $..Net release from earmark§ doExports . thous. $Imports doProduction, world total mil $
South Africa doCanada doUnited States _ . ._. . d o
Silver:Exports thous. $Imports doPrice at New York _ dol. per fine ozProduction:
Canada thous fine ozMexico doUnited States do
Currency in circulation (end of period) bil $Money supply and related data (avg. of daily fig.) : J
Unadjusted for seasonal variation:Total money supply bil $
Currency outside banks doDemand deposits ._ do
Time deposits adjusted^ doU.S. Government demand deposits ._ do
Adjusted for seasonal variation:Total money supply do
Currency outside banks _._doDemand deposits _ do
Time deposits adjusted^. _ doTurnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:Total (233 SMSA's)O ratio of debits to deposits
New York SMSA~~ " doTotal 232 SMSA's (except N Y ) do
6 other leading SMSA'scf do226other SMSA's _ . do
PROFITS AND DIVIDENDS (QTRLY.)Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries mil $Food and kindred products doTextile mill products doLumber and wood products (except furniture)
mil $Paper and allied products doChemicals and allied products doPetroleum refining.. _ doStone, clay, and glass products doPrimary nonferrous 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 $
SECURITIES ISSUEDSecurities and Exchange Commission:
Estimated gross proceeds, total mil $By type of security:
Bonds and notes total doCorporate do
Common stock doPreferred stock do
By type of issuer:Corporate, total 9 do
Manufacturing doExtractive (mining) doPublic utility doRailroad doCommunication doFinancial and real estate. do
121, 98988, 69326, 2197,078
16 09012, 1172,6051 367
13, 159—50
457, 33342,004
2 1, 445 01.080 8
114.663.1
114,32578 3781.293
32 82541 98445,047
44 7
169.837.5
132.33 154. 0
4.9
52 8109 438 350 133.3
30 9372 102'702
345911
3 4745 055
7991 2981 487
1 3953' 0582 379
8213 0534 058
12 958
2 764
45 015
42 50115 5611 939' 574
18 0747 070
3753 665
3392 0031 Q41
U41,79994, 777
1 39, 9687,054
17 01712, 8222,8431,352
11, 982—86
1,005,19932, 547
-pi, 410.01 068 7
103.755.4
100, 71080 1781.550
37 20640, 17330, 354
47 2
176.439.4
137.0173.3
5.1
56 7120.840 153 434.5
29 0082 130
540
333796
3 2615,497
6721 0611 165
1 3162 8932 297
8092 3563 884
13, 262
2 911
68 514
65 67021 9541 959
885
24 79811 058
5874 935
2861 9799 433
!24 0898,798
1 14, 720571
1 7341 178
313243
11, 982221
1 002,5232 510
88 58 7
6 2364 9842 066
2 g643 019
65047 2
187 141.2
145.9182 0
5 0
181 340.4
140 9183 5
58 5122 141 154 635 3
7 946589171
98210859
1 477195233346
322692666
249712
1,1293,732
729
4,483
4 2062 107
23542
2 3851 135
126282
1670
9.77
9,9897,2912,197
501
1 4421 109
228105
11, 98452
1, 5033 201
90 37.7
12, 99310 9221.990
3 3422 949
70345 8
187.640.5
147.1183.7
5.0
182.340.5
141.7184.1
60 2128 541 655 636.0
4 556
4 2341 449
27646
1 77156149
4249
18897Q
10, 8718,1182,198
555
1 4301 096
23798
11, 882—31949
1 839
90 07 7
23 8898 6451 855
3 6722 2761 07945 8
181 440.3
141.1185.8
7.2
182.740.7
141.9185.2
59 8129 242 156 936.1
8 072
7 8451 382
16958
1 608' 570
5056247
148fU
14,4219,1394,670
612
1 4861 128
25899
10, 484—234
500, 80012 596
91 S8 3
9,19212 4362 180
3 6404 0171 268
46 3
182 040.7
141.2187 7
6.6
183 441.1
142 2186 7
59 3128 241 656 535 7
7,430501129
113193878
1,49179
225334
268641572
238862906
3,325
863
5 069
4 6281*359
295145
1,79977742
4561386
105
11,7868,8982,331
557
1 4621 094
26998
10. 484—1481,302
29 283
91 88.2
19, 5268 5672. 203
3 4354 8942 017
46 6
185.641.1
144.5187.9
4.2
184.341.4
143.0187.1
59 7126 742 357 436.2
3,423
3 1521,157
22149
1,42837338
18014
192147
12, 4509,2532,594
603
1,5141,146
268100
10, 384—31254
19, 153
93.18.4
18, 95314, 3062.377
3 8072 8262,84147 2
182.541.3
141.1188.4
6.4
186.141.6
144.5187.6
61 0129 543 058 836.1
7,702
7 4021,566
24951
1.86656318
557o10424R
11,4168,4352,431
550
1,4341,084
25496
10,367413
300, 63016, 094
91.57.5
41, 14913, 0192.464
3 5594,4194,233
47 6
185.641.9
143.6188.6
5.4
187.442.0
145.4188.2
62 4131.443 459 536.6
8,286521167
173239904
1,400240306413
356796581
285957949
3, 538
641
4,984
4 5932 025
36124
2 41176735
50728
239229
11,4078,4332,451
523
1,5121,118
293101
10, 367—49
9,19959,648
90.57.4
35, 67316 5432.314
4 5362 3793,282
48 0
187.242.4
144.8190.8
5.7
189.442.2
147.2190.4
64 3140 343 759 937.0
4 913
4 5411 771
28686
2 143843
2723920
239901
12, 2958,4703,305
520
1,5161,129
287100
10,367—76458
13, 361
91.57.7
17, 20710, 8442.195
4 564
4,196
48 4
186 942.7
144.2194.4
5.5
190.342.6
147.6193.8
65 2147.743 760 836.5
9 821
9 4261 037
30393
1 432*362
21446
H95
1Q7
11,1618,1012,533
527
1,4321,072
26199
10, 367170
11, 73218, 365
93.78.3
18,80613, 4212.208
3,372
4,092
48 3
188.642.7
145.8196.2
5.9
189.542.7
146.7196.6
64 7144.743.861 336.7
7,635590180
179211852
1,442254269177
349745605
237396
1,150
' 3, 262
3 819
3 4211 159
397I
1 557453
70475
5156149.
13, 8029,7823,471
549
1,5691,192
27899
10,36736
11,48420, 770
92.4
20, 99014, 1821.973
4 616
4,32748 7
190.642.9
147.7199.1
6.1
190.242.8
147.4199.5
66 3143.145 664 437.7
6,060
5 5511,591
48325
2,09962066
67619
106229
1 15, 6588,888
i 6, 234536
1,4261,083
24895
10,36792
37016, 128
11,88411, 5472.018
4,36850.0
193.443.7
149.7200.7
4.2
'191.943.2
148.7201.9
66.5144.644.963.037.4
3,257
2 8211,294
39541
1,72939277
44350
171219
16,6429,9986,070
574
10, 367-7478
15, 824
21, 88710, 7211.959
51.0
' 199. 244.3
154.9202.5'4.8
193.143.4
' 149. 6204.3
65.9147.744.561.137.5
10, 367
1.979
199.443.1
151.3201.7
6.7
193.743.6
150.1202.5
'Revised. p Preliminary. 1 Includes coverage on Federal employees of $8.3 bil. inDec. 1967 and $3.5 bil. in Nov. 1968. 2 Estimated; excludes U.S.S.R., other Eastern Euro-pean countries, China Mainland, and North Korea. 3 Beginning June 1966, data excludebalances accumulated for payment of personal loans (amounting to $1,140 million for weekending June 15).
t Revisions for Jan. 1966-July 1967 for insurance written and for Jan.-July 1967 for pre-miums collected will be shown later; those for money supply for 1963-Apr. 1967 are in the June
1968 Federal Reserve Bulletin. § Or increase in earmarked gold (-). t BeginningOct. 1968 SURVEY, mass-marketed ordinary, formerly combined with group, is includedunder ordinary insurance; monthly data available on new basis beginning Jan. 1966.H Time deposits at all commercial banks other than those due to domestic commercial banksand the U.S. Govt. O Total SMSA's include some cities and counties not designated asSMSA's. cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,and Los Angeles-Long Beach. 9 Includes data not shown separately. c Corrected.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-20 SUKVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— ContinuedEstimated gross proceeds — Continued
By type of issuer— ContinuedNoncorporate total 9 mil $
U S Government doState and municipal do
New corporate security issues:Estimated net proceeds, total. . .do
Proposed uses of proceeds:New money, total _ do
Plant and equipment _ - _do_ _Working capital do
Retirement of securities _ _ _.do_ .Other purposes do
State and municipal issues (Bond Buyer):Long-term _ _ _ doShort-term do
SECURITY MARKETS
Brokers' Balances(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks mil. $Customers' debit balances (net) _ doCustomers' free credit balances (net) do
Bonds
Prices:Standard & Poor's Corporation:
Industrial, utility, and railroad (A A A issues) :Composited1 dol per $100 bond
Domestic municipal (15 bonds) _ _ do
U.S. Treasury bonds, taxable! _ do _
Sales:Total, excl. U.S. Government bonds (SEC):
All registered exchanges:Market value mil. $Face value do
New York Stock Exchange:Market value.. _ - do. _Face value do
New York Stock Exchange, exclusive of somestopped sales, face value, total mil. $
Yields:Domestic corporate (Moody's) percent..
By rating:Aaa doAa _ _ _ . ..do __A. doBaa do
By group:Industrials doPublic utilities _ doRailroads.. __ _ do ._
Domestic municipal:Bond Buyer (20 bonds) doStandard & Poor's Corp. (15 bonds) do
U.S. Treasury bonds, taxable O do
Stocks
Dividend rates, prices, yields, and earnings, com-mon stocks (Moody's):
Dividends per share, annual rate, compositedollars. _
Industrials doPublic utilities doRailroads _ . _ _ _ _ d oN.Y. banks doFire insurance companies _ _. do
Price per share, end of mo. , composite doIndustrials . _ doPublic utilities do....Railroads.. . do
Yields, composite percent..Industrials.. . . . . doPublic utilities ... doRailroads doN.Y. banks doFire insurance companies ... do
Earnings per share (indust., qtrly. at ann. rate;pub. util. and RR., for 12 mo. ending each qtr.) :
Industrials dollars-Public utilities doRailroads _ ... _ do
26 9418,231
11, 089
17, 841
15, 80612, 4303,376
2411,795
11, 0896,524
J609i 5, 3871 1, 637
86.1102.5
78.63
4,261.123,740.48
4,100.863,589.62
3, 092. 79
5.34
5.135.235.355.67
5 305.365.37
3.833.82
4.66
8.259.174 114.455.066.85
230. 88266. 77102. 9092.65
3.573.443.994.804.042.92
16.786 309.34
43 71619,43114, 288
24,409
22, 23016, 1546,076
3121,867
14, 2888,025
1 7911 7, 9481 2, 763
81.8100.5
76.55
6, 087. 435, 393. 60
5, 428. 004, 862. 48
3, 955. 54
25.82
2 5.515.665.866 23
5 745.81
2 5.89
3 963.98
4.85
8.269.034 344.625 357.82
246 54290. 05101.8795 91
3.353 114.264 823 873.47
15.766 676.74
2 099371
1,093
2,344
2,1131,379
7348
223
1,093330
7917,9482,763
75.993.6
71.22
531. 62519. 14
440. 43446. 45
360. 78
26.51
26.196.356.586.93
6.396.57
26.63
4.444.49
5.36
8.308.954.444.555.577.95
256. 30309. 1998.1990.86
3.242.894.525.014 063.78
18.656 676.74
2 785481
1,162
1,732
1,5881,202
38630
117
1,162569
8887,7972,942
77.295.5
73.09
552. 08503. 57
437. 51422. 35
333. 25
6.45
6.176.296.486.84
6.346.476.65
4.164.34
5.18
8.419. 124 444.555 577.95
247 26294. 1897.7588 59
3.403.104.545. 143 933.63
6,4644,7191,134
1,585
1,4471,136
31116
121
1,134563
8157,4192,778
77.594.8
73.30
402. 93392. 36
339. 82341. 27
268. 61
6.40
6.106.276.416.80
6.316.366.65
4.444.39
5.16
8.429. 124.454.525.698.08
241. 14286. 9997.1585.80
3.493.184.585.273 773.99
3,270418
1,363
1,765
1,5921,253
33924
149
1,3631,090
8207,2482,692
76.992.7
70.98
434.68432. 90
356. 71367. 88
317. 43
6.42
6.116.286.436 85
6 336.396.67
4 544.56
5.39
8.429 124 464 525 698 08
242 77290 9692.6686 75
3.473 134.815 213 864.11
' 16. 186 786.72
1,995405
1,277
1,397
1,210897313
12175
1,277669
8347,7012,979
76.294.7
72.06
523. 16499. 30
383. 18386. 64
351. 55
6.53
6.216.386.576 97
6 426.546.79
4 444.41
5.28
8.469 184 484 525 788 08
262 85319 2092.9394 62
3.222 884 824 783 663 94
5,8363,8051,134
1,829
1,6471,102
5464
177
1,134972
8508,2683,064
75.392.7
70.89
549. 78520. 63
394. 65404. 34
346. 53
6.60
6 276.486 627 03
6 496 606.87
4 644.56
5.40
8.479 184 484 525 788 08
262 95318 4092.08
109 93
3.222 884 874 423 633.38
2,573383
1,360
2,367
1,9441,263
68133
389
1,360422
8858,7283 293
75.692.8
72.58
445.94429. 15
336. 37335 50
276. 51
6.63
6 286.506.657 07
6 546.606.88
4 484.56
5.23
8.479.184 484.555 788.08
268 14320. 51100. 10105 57
3.162.864.484 313 302.71
' 18. 326 676.88
2,770417
1,422
2,097
1,9851 143
8416
106
1,422673
9778,8613,269
76. 195.2
73. 99
388. 82375. 37
313. 26317. 38
269. 07
6.57
6 246.456.606 98
6 506 536.82
4 114.36
5.09
8.499 204 504 555 788 08
264 13314 45
99. 76100 77
3.212 934.514 523 172.85
8,3895,8501,729
1,397
1,074744330
3320
1,729835
8858,4892,984
78.195.9
74.48
364. 07343. 50
286. 17277. 57
252. 18
6.37
6.026.256.386.82
6.266.306.72
4 384.31
5.04
8.529.234.504.555.789.00
266. 57317. 7399.25
101.90
3.202.904.534.473 243.00
2,262361
1,423
1,513
1,281912370
15216
1,423459
9648,7243,126
78.493.9
73.95
397. 64397. 65
304. 64323. 61
305. 18
6.35
5.976.236.396 79
6 246.276.70
4 364.47
5.09
8.529.234 554.555.899.00
267. 62328.3298.46
109.77
3.182.814.624. 153 282.66
r 15. 786.737.17
3,960430
2,260
2,260856
1,0248,8593,407
77.092.7
72.44
522. 32533. 78
406. 30430. 97
363. 54
6.43
6 096.326 476 84
6 346.396.72
4 564.56
5.24
8.569 254 554.555 899.24
269 92329. 5098.83
109.53
3.172.814.604.153 012.69
1 527379
1,037
1,0376T5
1,063' 9, 029r 3, 419
75.791.2
71.27
501. 27474. 36
395. 10383. 79
343. 20
6.56
6.196.456.597.01
6.476.586.78
4.644.68
5.36
8.789.554 554.626 099.86
281.46343. 13107. 33115. 18
3.122.784.254.013 072.83
1,111574
1,0089,7573,717
72.889.2
68.47
586. 72555. 81
448. 22456. 37
387. 20
6.80
6.456.666.857.23
6 726.856.97
4 854.91
5.65
8.789.574 584.626.149.86
268.18326. 90104. 04111.24
3.272.934.404.153 262.76
19.756.78
72.388.0
67.61
344. 56
6.89
6.596.736.937 32
6 787.026.98
4 914.95
5.74
8.949.674.584.626. 149.86
267. 55321. 13106. 49114. 38
3.343.014.304.043.212.85
r Revised. 1 End of year. 2 Beginning Dec. 18,1967, Aaa railroad bonds not included.9 Includes data not shown separately.d"Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.OFor bonds due or callable in 10 years or more.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February I860 SURVEY OF CURRENT BUSINESS S-21
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks — Continued
Dividend yields, preferred stocks, 10 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 :cfIndustrial, public utility , and railroad:
Combined index (500 stocks) 1941-43=10..
Industrial, total (425 stocks) 9 do .Capital goods (130 stocks) do ...Consumers' goods (181 stocks) do
Public utility (55 stocks) doRailroad (20 stocks) do
Banks:New York City (9 stocks) . _ doOutside New York City (16 stocks) . do
Fire and casualty insurance (16 stocks) _ do .
New York Stock Exchange common stock indexes:Composite 12/31/65=50—
Industrial doTransportation. . doUtility _ doFinance _ do .
Sales:Total on all registered exchanges (SEC):
Market value mil $Shares sold millions
On New York Stock Exchange:Market value _ mil. $Shares sold (cleared or settled) millions
New York Stock Exchange:Exclusive of odd-lot and stopped stock sales
(sales effected) _ _ _ millions
Shares listed, N.Y. Stock Exchange, end of period:Market value, all listed shares bil. $Number of shares listed _ _ millions.
4.97
308.70873. 60136. 56227. 35
85.26
91.0884.8674.1068.2146.34
33.3263.80
64.55
46.1546.1850.2645.4144.45
123 0343 188
98, 5652 205
1,899
482. 5410, 939
5.34
314. 79879.12132. 65242. 38
91.93
99.1896.9679.1868.1046.72
36.4066.46
62.29
50.7751.9753.5145.4349.82
161 7524 504
125, 3292 886
2,530
605. 8211,622
5.95
309.78887.20125. 19233.20
95.30
103. 91106. 4181.9264.6143.46
35.5264.83
56.99
53.0655.8048.7342.7552.37
14 919412
11, 186262
230
605.8211, 622
5.70
312. 05884. 77132. 48233. 76
95.04
103. 11102. 8781.0668.0243.38
37.1867.64
59.42
53.2455.4547.9044.8755.89
17 662518
12, 914298
263
582. 9411, 696
5.65
299. 84847 20128. 87224 63
90.75
98.3398.1377.9965.6142.35
38.4670.66
56.61
50.6852 6345 1543 3653.88
12 008321
8,909205
174
564.1511, 796
5.80
292. 86834 76123. 66217 94
89.09
96.7796.3277.4962.6241.68
38.3870.59
53.31
49.4851 5443 2941.7852.98
12 632336
9,672221
193
568. 5111, 897
5.86
309. 31893.37123. 59230 63
95.67
104.42104.0884.7963.6644.79
40 3573.18
53.61
53.2356 0346 8542 4657 56
17 571453
13 310298
296
619. 0411,936
5.92
318. 17905. 22122. 72246.85
97.87
107. 02106. 8687.7562.9248.00
42.1976.43
59.23
54.8558 0449 9242.0760.43
20 012' 568
14, 341333
292
631.8212, 158
5.90
327. 12906. 82127. 66262. 95
100. 53
109. 73110. 6589.0465.2151.72
43.7279.66
72.52
56.6459.8352.8643.3064.60
18 582510
13,548305
257
641.0412, 330
5.74
327. 41905. 32133. 11259. 95
100.30
109. 16108.1288.3867.5551.01
48.5885.91
78.11
56.4159.1251.5944.6968.90
16, 529444
12, 373283
243
628. 8812, 440
5.59
318. 15883.72131. 15249. 52
98.11
106. 77104. 9285.7366.6048.80
47.3884.74
78.11
55.0457.5949.0144.0968.19
14, 038376
10,493244
194
640.1712, 626
5.63
329. 15922. 80130. 80258. 53
101. 34
110. 53107. 5788.4666.7751.11
46.9984.59
82.97
56.8059.5751.9444.5371.77
'13,735388
9,868231
228
668.3612, 714
5.76
340. 25955. 47130. 40270. 41
103. 76
113. 29108. 4891.3666.9354.26
49.6589.83
96.19
58.3261.0755.2445.2277.50
' 18, 560479
13, 727305
272
676. 1812, 891
5.82
344. 39964.12137. 57270. 51
105.40
114. 77109.7592.0470.5953.74
52.4698.15
95.35
59.4461.9755.9647.1879.55
16, 165412
11,979261
252
716. 4013,042
5.93
347. 57968. 39138. 26279. 25
106. 48
116. 01111.4491.9170.5455.19
50.99' 99. 19
' 98. 30
60.3263.2157.3046.7379.00
18,864508
13,844314
268
692. 3413, 196
5.93
337.64934.90135. 62268.79
102.04
110. 97106. 5687.6968.6554.11
49.4992.57
95.51
57.8260.3256.3545.6475.58
267
689.2413, 326
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, total .mil. $..Excl. Dept. of Defense shipments do
Seasonally adjusted do
By geographic regions:Africa _ doAsia doAustralia and Oceania doEurope do
Northern North America doSouthern North America doSouth America do
By leading countries:Africa:
United Arab Republic (Egypt) doRepublic of South Africa do
Asia; Australia and Oceania:Australia, including New Guinea doIndia . _ ._ doPakistan doMalaysia do
Indonesia doPhilippines doJapan _. do
Europe:France doEast Germany doWest Germany do
Italy doUnion of Soviet Socialist Republics doUnited Kingdom do
North and South America:Canada mil $
r Revised. cfNumber of stocks represents nunumber does not affect continuity of the series.
30, 319. 629, 379. 2
1, 348. 56,733.3
805.310,003.0
6,661.22,268.32, 499. 9
189.1401.0
654.2929.3238.745.6
67.6347.8
2,363.6
1,007.025.2
1, 673. 6
908.841.7
1, 737. 1
6, 660. 8
mber cur
31,526.230,934.4
1, 182. 37, 147. 21,016.110,294.1
7, 174. 12, 365. 02, 354. 9
66.1426.4
894.1955.4346.949.2
68.4428.2
2, 695. 8
1,025.126.3
1,706.3
972.960.2
1,960.3
7, 172. 9
rently us
2,871.52,812.3
2,603.4
88.4642.6164.1943.1
618.1197.7218.1
2.929.0
157.958.534.66.7
7.433.8
244.1
86.01.1
136.3
93.44.5
193.6
618.1
ed; the
^2,725.62,672.8
2,783.4
96.6676.292.1
870.8
615.4186.0189.6
2.535.3
73.694.618.45.9
11.145.8
246.1
102.32.5
117.1
95.15.9
167.4
615.4
change
2,725.82,666.5
2,772.9
107.1639.988.6
880.1
600.7213.4196.2
1.039.3
73.481.927.95.5
5.036.1
256.8
87.02.7
124.7
74.72.9
179.3
600.7
in
••2,672.7'2,638.1
'2,453.7
87.7613.581.3
855.4
630.5208.8196.6
2.926.6
72.480.527.05.3
14.032.1
230.3
84.41.1
130.8
93.66.2
151.5
629.5
9 Incl
••2,981.2'2,942.0
'2,886.4
127.5669.893.1
938.8
695.0222.6236.7
1.447.0
83.374.123.94.7
21.538.5
250.4
98.23.2
161.6
87.55.4
166.6
695.0
udes dat{
'2,967.5'2,943.8
'2,719.1
117.7600.996.0
961.0
735.9224.4232.2
6.944.5
83.050.917.63.8
15.449.0
235.0
100.62.4
150.6
94.03.8
183.2
735.9
i not sho
'2,792.9'2,743.2
'2,822.9
108.2618.874.0
863.3
637.4220.5209.0
6.934.2
67.951.325.03.8
11.838.4
228.3
79.21.6
137.1
103.34.3
170.8
637.3
wn sepai
'2,699.7^,640.6
'2,803.1
100.1586.473.3
880.6
594.1214.7250.3
3.436.5
59.643.718.64.3
8.534.0
230.3
81.7.5
134.4
103.34.6
162.9
594.1
ately.
'2,840.4^2,786.7
'2,915.7
110.3609.892.5
1, 000. 3
565.9212.6249.1
2.243.3
81.852.124.24.5
9.936.6
247.4
82.23.7
162.2
99.36.9
182.5
565.9
?, 984. 72, 941. 5
3,245.9
115.8628. 198.6
1,011.6
661.2213.0256.4
3.336.3
79.340.629.13.9
12.540.5
249.9
84.72.9
158.5
88.22.2
201.3
661.2
2, 763. 42, 714. 9
2, 594. 2
94.2543.480.8
879.9
769.5211.7184.0
11.136.3
67.333.928.53.7
12.624.3
223.7
79.61.3
133.1
86.62.4
204.9
769.4
3, 184. 33, 124. 4
2, 989. 3
109.6690.078.5
1, 016. 0
791.5221.3277.4
3.143.1
66.951.033.23.8
23.332.3
276.7
102.23.4
142.3
93.46.9
223.6
791.5
3, 075. 13, 026. 0
2, 866. 0
94.6702.877.2
996.5
702.3236.1265.5
3.932.9
66.462.728.64.2
23.528.8
274.9
95.74.0
160.0
100.66.0
186.0
702.3
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-22 SURVEY OF CUKRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. I Oct. Nov. Dec.
1969
Jan.
FOREIGN TRADE OF THE UNITED STATES—ContinuedFOREIGN TRADE— Continued
Value — ContinuedExports (mdse.), incl. reexports— Continued
By leading countries— ContinuedNorth and South America — Continued
Latin American Republics, total 9 mil. $_.Argentina doBrazil _. - - ._ do _ _Chile doColombia doMexico doVenezuela do
Exports of TJ S merchandise total doExcluding military grant-aid do
Agricultural products total doNonagricultural products total do
By commodity groups and principal commodi-ties:
Food and live animals 9 doMeats and preparations (incl. poultry) __doGrains and cereal preparations do
Beverages and tobacco do
Crude materials inedible exc fuels 9 doCotton raw excl linters and waste doSoybeans, exc. canned or prepared doMetal ores concentrates and scrap do
Mineral fuels lubricants etc 9 doCoal and related products doPetroleum and products do
Animal and vegetable oils, fats, waxes do
Chemicals do
Manufactured goods 9 doTextiles doIron and steel doNonferrous base metals do
Machinery and transport equipment, totalmil. $-.
Machinery total 9 doAgricultural doMetalworking doConstruction excav and mining doElectrical do
Transport equipment total doMotor vehicles and parts do
Commodities not classified do
General imports total doSeasonally adjusted - do
By geographic regions:Africa doAsia doAustralia and Oceania doEurope do
Northern North America doSouthern North America doSouth America do
By leading countries:Africa:
United Arab Republic (Egvpt) 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 Germany doItaly doUnion of Soviet Socialist Republics do._.United Kingdom do
North and South America:Canada do
Latin American Republics, total 9 do__-Argentina doBrazil doChile doColombia doMexico doVenezuela _ do
4, 230. 9244.1575.0256.0287.1
1, 180. 0598.0
29,883.928.943.56,874.223,009.8
4,562. 4158.9
3, 189. 6
623.7
3,070.4432.2759.9421.6
975.8493.0434.1
356.8
2,674. 5
3,433. 5554.2557.3582.4
1, 155. 5
7,445.8628.3337.9969.1
1, 900. 1
3, 709. 72,386.3
1, 844. 2
1, 187. 2
25,542.2
978.85, 276. 4
593.57,857.2
6, 131. 41,912.12,785.3
17.6249.0
398.6327.067.8
176.7179.0397.6
2, 962. 6
697.98.2
1, 795. 6743.049.4
1, 786. 1
6, 124. 9
3, 969. 9148.8599.7229.1244.8750.2
1, 002. 4
4, 126. 2230.3547.9248.1218.0
1,223.3587.5
31,142.130,550.26, 383. 34, 763. 9
4060.9151.3
2, 681. 4
648.7
3, 279. 7463.8771.6519.6
1, 104. 1501.3538.9
338.0
2,801.6
3,391.1530.9561.2516.8
12,574.1
8, 047. 8614.7338.8
1, 038. 02, 098. 2
4, 523. 52, 733. 9
1, 985. 4
958.8
26,812.3
905.45, 352. 2
581.38, 232. 2
7, 105. 01,968.22, 663. 4
14.9227.0
411.5297.654.8
195.6181.8380.5
2,998.7
689.85.6
1, 955. 4855.641.0
1, 709. 8
7,099.3
3,853.2140.3559.0175. 2240.4748.9981.6
362.918.558.624.025.299.850.3
2,840.72,781.5
563.6277.4
351.111.8
237.0
73.7
276.838.374.336.6
76.139.131.3
19.8
242.6
277.648.946.030.1
1,241. 1
717.740.331.791.5
188.1
523.8281.1
172.3
109.6
2,431.42,525.0
80.5438.059.8
779.3
668.3176.0228.7
1.023.1
46.525.06.7
18.717.142.7
221.3
61.7.3
186.883.42.9
170.0
668.0
331.610.830.78.4
20.165.9
100.1
329.918.646.518.321.994.745.8
2,696.7,643.9545.5152.4
352.811.8
246.6
44.5
285.060.961.335.6
76.535.530.4
••15. 6
235.9
' 261. 840.445.429.9
••1,160.5
675.349.830.977.3
182.2
485.2278.3
••168.9
95.2
^2,728.212,608.7
101.6504.644.4
889.7
732.2206.5255.5
3.724.6
31.228.45.0
21.012.626.3
297.6
71.9.5
231.585.79.2
165.2
732.1
379.715.948.915.726.372.297.3
359.416.148.421.123.3
118.849.3
, 695. 1,635.8547.5
,147.7
••353.511.7
246.2
52.9
'290.752.753.247.4
70.530.933.6
26.2
238.4
' 264. 743.240.629.2
1,162.9
679.053.026.982.2
' 173. 4
484.1259.0
166.6
••68.6
2, 448. 12, 601. 9
96.2422. 849.9
818.0
634.4176.2250.3
.717.3
38.723.14.3
19.011.825.6
230.4
69.1.4
217.381.4
4.7149.5
634.1
358.615.364.115.921.373.886.5
358.414.641.232.229.1
120.547.1
••2,634.52,599.8
544.5,091.0
r 353. 610.1
249.2
••37.0
••308.949.368.654.3
••78.633.539.9
24.3
257.8
••264.139.539.632.5
••1,074.2
669.247.625.580.3
' 178. 8
' 405. 1249.1
170.4
••65.6
••2,558.0••2,612.2
96.5484.454.0
794.1
697.9197.7233.4
1.626.9
37.224.74.3
18.012.727.6
293.0
65.7.2
197.883.86.8
146.9
697.4
358.815.643.118.717.281. 295.8
402.319.761.218.126.2
111.459.4
12,945.22,906.0
523.9, 423. 5
' 334. 711.5
225.4
••46.5
' 313. 045.861.357.9
89.645.938.1
'23.1
292.5
r 318. 647.947.340.2
1,273.2
785.356.835.599.4
••200.7
••488.4290.3
188.2
••65.8
%746.7%632.3
119.2548.648.2
880.0
720.5190.5246.5
2.031.5
31.026.95.0
16.913.139.4
320.1
76.8.3
223.991.64.7
177.0
720.4
376.915.962.733.819.583.871.0
405.922.355.022.829.9
123.653.5
•2,930.3^2,906.5
497.6, 433. 3
313.910.6
183.3
52.6
' 302. 945.157.150.5
••92.848.939.1
20.9
' 287. 5
r 326. 046.946.854.0
••1,272.4
769.858.039.199.7
•• 197. 3
502.7299.2
190.2
71.2
••2,827.3•2,764.3
100.75Q4. 256.3
902.1
749.9205.7205.1
2.423.2
40.622.74.2
15.716.255.5
339.7
72.2.6
246.8102.3
5.6178.1
749.9
331.017.045.812.918.287.666.3
378.416.753.723.128.9
121.948.5
2,758.92,709.2
461.42,235.8
•• 287. 710.0
176.5
••55.2
' 245. 333.952.533.5
87.042.538.1
29.3
260.2
' 307. 240.845.057.1
1,237.1
711.851.526.995.2
' 193. 3
' 525. 4257.6
168.9
81.0
^2,648.72, 839. 3
83.4566.462.5
786.1
766.4170.7212.7
1.920.2
44.827.35.8
18.014.449.0
315.0
42.7.3
218 587.44.3
163.9
766.0
312.514.543.513.219.463.168.2
410.725.564.738.328.2
111.455.4
•2,664.6%605.5
465. 82, 198. 6
297.010.3
183.4
48.5
' 271. 643.447.536.0
••90.442.341.4
••20.2
278.8
' 298. 640.146.556.4
1, 118. 6
692. 654.028.996.6
180. 8
426.0214. 9
170. 2
70.8
^2,811.9••2,664.3
90.0(536.661.2
883. 0
703.2187. 9249. 2
3.817.9
42.224.26.4
17.418.643.0
366. 6
81.6.5
224. 892.74.3
183. 1
702.2
368.717.265.512.621.073.886.3
404.521.874.629.026.8
105.754.3
2, 802. 6%748.8
489.22, 313. 4
326.015.3
197.9
73.0
••264.724.447.844.5
' 102. 458.339.4
20.3
304.3
' 320. 644.947.857.8
1, 123. 0
705.945.228.694.6
190.3
417.1198.0
190.5
78.0
2, 739. 12, 827. 3
80.9652.775.9
892.0
615.7179.0242.3
4.617.8
56.326.24.5
18.512.445.2
402.9
82.9.6
242.8102.8
3.3188.7
615.3
351.99.7
63.319.330.671.860.8
410.530.765.032.422.897.963.5
2, 950. 92, 907. 6
469.72, 481. 1
289.516.6
167.0
88.1
266.030.538.451.2
106.554.346.8
25.0
' 334. 9
379.251.163.372.0
1, 199. 4
734.351.823.698.2
r 196. 5
465.2284.7
181.8
80.5
2, 869. 32, 963. 7
98.8653.167.1
884.9
728.6175.0260.7
3.316.0
42.331.17.6
30.018.522.3
379.8
69.6.6
226.486.72.3
191.3
727.8
367.118.372.322.222.067.876.3
345.418.640.317.726.8
118.353.5
2, 717. 92, 669. 3
463.92, 253. 9
278.215.4
150.4
45.6
280.817.988.239.4
78.238.434.4
••21.2
249.3
313.939.155.755.1
1, 179. 4
703.849.822.083.8
199.5
475.6307.1
183.5
87.8
2, 924. 12, 657. 4
76.4630.472.3
836.7
905.8172.2229.4
2.717.6
50.225.54.5
21.012.830.5
384.2
61.6.6
230.394.27.4
176.9
905.5
333.013.952.912.819.665.581.8
436.841.387.024.729.7
112.560.7
3, 150. 53, 090. 6
609.52, 541. 0
336.321.6
200.4
82.5
348.622.2
132.350.6
92.446.839.7
20.1
272.8
351.246.065.162.4
1, 384. 4
761.854.324.097.2
199.0
622.6353.0
192.9
69.3
2, 795. 12, 818. 3
83.1604.165.9
863.1
791.4171.3215.2
2.717.6
52.927.04.9
22.314.930.5
363.5
65.6.5
231.395.41.8
157.8
791.3
326.014.953.011.723.273.570.0
447.835.771.029.425.3
127.963.9
3, 034. 62, 985. 5
610.82, 423. 8
366.316.9
237.8
76.1
317.133.2
101.938.5
90.746.540.1
28.5
276.5
332.842.466.954.6
1, 276. 9
718.555.321.894.2
194.4
558.4318.8
174.1
95.6
3, 017. 52, 946. 6
93.8616.635.6
917.3
870.3201.8280.4
3.422.2
24.725.27.4
22.516.540.2
366.1
82.5.7
229.198.83.5
177.4
869.9
401.638.554.514.325.879.389.2
r Revised. 9 Includes data not shown separately.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1960 SURVEY OF CURRENT BUSINESS S-23
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— ContinuedValue— Continued
General imports— ContinuedBy commodity groups and principal commodi-
ties:Agricultural products, total _ mil. $N on agricultural products, total do
Food and live animals 9 _ _ _ do _Cocoa or cacao beans doCoffee doMeats and preparations _. doSugar do
Beverages and tobacco doCrude materials, inedible, exc. fuels 9 - __do_ _
Metal ores doPaper base stocks do_Textile fibers doRubber do
Mineral fuels, lubricants, etc doPetroleum and products _ _ _ do
Animal and vegetable oils and fats _ doChemicals do
Manufactured goods 9 _ _ doIron and steel doNewsprint _ _ doNonferrous metals doTextiles do
Machinery and transport equipment doMachinery, total 9 do
Metalworking doElectrical do
Transport equipment doAutomobiles and parts do
Miscellaneous manufactured articles doCommodities not classified do
IndexesExports (U.S. mdse., excl. military grant-aid):
Quantity 1957-59—100Value doUnit value do
General imports:Quantity doValue doUnit value do
Shipping Weight and ValueWater borne trade:
Exports (incl. reexports):Shipping weight thous sh. tonsValue mil $
General imports:Shipping weight thous. sh. tonsValue mil $
4, 530. 521,011.7
3, 947. 5122.2
1, 067. 3599.5501.2641.7
3, 265. 51,019.8
449.3436.3180.9
2, 262. 02, 127. 1
146.2955.3
6, 352. 61,305.0
889.51, 551. 8
908.5
4, 822. 82, 612. 9
135.31,010.5
2,209.81 617.72 282.2
866.4
154168109
178182102
185, 97818 570
266, 07417, 319
4, 472. 122, 343. 6
4, 003. 1147.2962.7645.0588.4698.1
2,964.3973.9419.3305.6174.5
2, 248. 02, 088. 1
122.1957.9
6, 384. 21, 372. 8
863.71,562.3
811.9
5, 793. 53, 028. 8
203.41, 139. 8
2, 762. 42, 259. 42, 576. 21, 064. 9
159177111
185191103
187, 42618 636
256, 81417 434
410.82, 020. 2
357.014.463.958.264.381.7
254.086.033.728.516.6
212.8199.811.481.9
570.3121.071.3
155.666.6
562.6266.017.095.1
296.6257.1216.683.0
165184112
200205103
15,6021,606
23, 3121,539
430.82, 304. 4
366.521.0
100.157.225.274.2
254.770.135.332.916.8
237. 5219.613.8
'89.1
'681.1128.472.0
224.686.2
671.4305.317.8
101.7
366.1322.3247.3'92.5
14,2801,520
22, 8561,740
415.22, 032. 9
356.913.9
110.552.935.264.2
225.353.735.731.614.0
204.1187.614.7
'85.4
610.0123.861.1
198.770.2
586.2263.116.190.0
323.1273.9213.5'87.7
14, 1141,547
19, 5971,571
379.02, 179. 3
333.44.3
78 451.448 461 8
257.263.236.030 113.3
220.3204.4
9.2'95 7
' 686. 5145.670.9
220 174.5
' 577. 2267.215.499.9
310.2256 5236.9'79.7
165182111
213220103
14, 6681,464
22, 4161,605
438.22, 317. 0
393.815.4
107.655.855.661.5
260.365.839.533.113.6
193.9176.311.3
' 102. 5
' 760. 1168.179.0
244.585.7
'609.6305.620.0
118.9
312. 2255.6246.6
' 107. 1
16, 3701,747
19, 9651,756
433 22 381 4
396 116.687 252.767 255 1
296.3102 239.331 014.2
178 0162.113.4
' 103. P
' 713. 9193.277.5
162.381.6
'699.4301.716.2
113.8
384.4338.9
' 262. 7' 103. 5
16, 6021,684
23, 9801,823
386.22,262.6
353.813.073.666.258.647 6
' 281. 488.240.425.711.9
202.8188.215.4
'81.6
'647.0176.872.9
147.074.1
' 664. 9283.622.0
111.3
381.4327.1
' 261. 193.0
173196113
224234104
15, 2231,520
24,3631,686
437 52,374 5
403 310.5
111 767 262 654 4
' 287. 088 136.828 117.9
228.5214.9
17.4'94.7
'654.1172.472.0
123.482.0
630.6308.714.7
133.2
321.9276.8332.5109.4
15,8641,550
24,9461,845
434 52, 304. 6
403.18.8
110 068.770 780.8
288.990.336.824.116.3
187.1174.4
8.5101.3
708.7235.367.2
126.383.5
547.6309.418.3
136.1
238.2191.1315.597.7
16, 9221,703
23, 9321,918
455 02, 414. 3
408.97.5
103.183.155.880.1
302.099.434.228.523.4
220.7205.814.895.2
666.5189.260.5
134.290.1
663.3322.917.6
140.9
340.3302.6312.2105.7
170192113
231240104
17, 5311,790
26, 3041,915
385 72 538.4
368.26.6
74 569.560 467 2
292.185.940.422.214.0
226. 6212.0
12.788.6
648.5170.175.7
120.981.9
788.4351.8
17.0160.4
436.6370 9325.3106.4
15, 4541,405
26,0421,726
422 32 372.8
396 86.3
95 772.543 761 8
264.375.637.425.216.5
195.0179.110.394.0
629.3177.769.0
110.777.4
744.3325.011.3
145.5
419.4384.4291.7107.4
17,7641,762
21, 5541,719
439 52 577 9
396 612 287 449 356 977 5
287.775 943.125 919 9
234 0220.716.6
102 7
662.4165.984.8
121.075.8
808.2356.717.4
151.4
451.4397.9301.6130.2
179203113
237249105
18, 1161,666
25, 3731,817
TRANSPORTATION AND COMMUNICATION
TRANSPORTATIONAir Carriers
Scheduled domestic trunk carriers:Financial operations (qtrly. total):
Operating revenues total 9 mil $Transport total 9 do
Passenger doProperty doU S mail (excl subsidy) do
Operating expenses (incl depreciation) doNet income (after taxes) do
Operating results:Miles flown (revenue) mil
Mail ton-miles flown doPassengers originated (revenue) doPassenger-miles flown (revenue) bil
Express Operations (qtrly.)Transportation revenues _ mil. $Express privilege payments do
Local Transit LinesFares average cash rate centsPassengers carried (revenue) mil
Motor Carriers (Intercity)Carriers of property, class I (qtrly. total) :
Number of reporting carriersOperating revenues, total mil $Expenses, total _ " doFreight carried (revenue) mil. tons
3 7073 6723*261
24291
3 250240
1 010 91 081 7
282 481 157 1
430 8111 7
91 Q
6 671
2 1 2037 9637 566
477
4 4704 4313 936
277104
4 057234
1 274 51 285 9
393 499 371 3
423 i103 6
6 616
2 i 2038 1177 813
473
1 1301 121
9897333
1 07623
117 5114 355.48 66.4
108 8i 26 9
90 i546
1 2032 1692 078
122
118.6104 041.08 46.2
90 9
561
112.0102 641.37.95.7
90 9
540
1 1641 1531 028
7131
1 11614
120 5119 645 39 06 4
95 822 2
90 A
568
1 2592 1882 102
122
120 4122 043.69 36 7
90 A
568
124.3136 044.58.86.3
23 4584
1 2871 2751,139
8031
1 16361
124.7126 141.810.27.8
93 420 2
90 7
519
130.6124 740.89.97.6
90 Q
514
133.7136 343.711.18.6
23 9509
3 1, 359
3 1, 2053*82
3303 1, 232
127.5134 841.18.96.6
93 821 4
24 3532
24 4574
24 4541
24 6528
r Revised. * Preliminary. i For the 3d quarter 1967, payments of $1.4 mil. weredeferred until the 4th quarter 1967. 2 Number of carriers filing complete reports for the year.
3 As compiled by the Air Transport Association of America from carrier reports to theCAB. 4 Excludes excess baggage revenues. 9 Includes data not shown separately.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-24 SURVEY OF CURRENT BUSINESS February 1968
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II(ATA):
Common and contract carriers of property(qtrly ) average same period, 1957-59=100
Common carriers of general* freight, seas. adj.1957-59=100
Carriers of passengers, class I (qtrly.) :Number of reporting carriersOperating revenues total mil. $Expenses, total doPassengers carried (revenue) mil
Class I Railroads
Financial operations (qtrly.):Operating revenues total 9 mil. $
Freight doPassenger do
Operating expenses doTax accruals and rents doNet railway operating income doNet income (after taxes) do
Operating results:Ton -miles of freight (net), revenue and nonrev-
enue (qtrly ) oilRevenue ton-miles do
Revenue per ton-mile (qtrly avg ) centsPassengers (revenue) carried 1 mile (qtrly ) mil
TravelHotels:
Average sale per occupied room dollarsRooms occupied % of totalRestaurant sales index same mo 1051 — 100
Foreign travel:U S. citizens* Arrivals thous
Departures doAliens: Arrivals . do
Departures doPassports issued and renewed do
National parks, visits doPullman Co. (qtrly.):
Passenger-miles (revenue) milPassenger revenues mil $
COMMUNICATION (QTRLY.)Telephone carriers:
Operating revenues 9 mil. $Station revenues doTolls, message _ do
Operating expenses (excluding taxes) doNet operating income (after taxes) doPhones in service, end of period mil
Telegraph carriers:Domestic:
Operating revenues mil. $Operating expenses doNet operating revenues (before income taxes)
mil. $International:
Operating revenues doOperating expenses doNet operating revenues (before income taxes)
mil. $
161 2
156.01 161
643.0547.6225 3
10, 6619,286
5448,1221 4901,048
906
750.5738 31 257
5 17 095
10.0362
115
3,8813,7592,4132,0401,548
38, 490
1 96933 80
12, 9056,6994,7617,7132,31786.0
319.3275.5
24.9
121.490.4
27.1
160 2
152.8
i i6i663 9586.0223 6
10 3669 130
4858 2031 485
6774 325
731 6s 719 4
1 26915 201
10 5961
116
4,3874,3342,7732,3581,686
39, 538
1,43424.57
13,8477,0905,1708,3192,48890.2
335.0291.9
24.2
132.3101.4
26.2
154.4
160.1
161159.7145.654.6
2,6732,375
1162,069
378226
4 —17
185.7182.61.3013,566
9.9148
119
27829819620475
922
2885 02
3,5681,8221,3322,153
64290.2
84.672 6
8 3
34.827.2
6.0
163.3
10.7356
103
320322206154128832
165.8
10.8361
116
306334169138143
1,082
168.1
162.1
165141.1139.550 8
2 6102,349
1052 079
383148110
184 8181 81 2923 105
10.4864
129
350359204168176
1,366
2724 64
3 6341 8511 3582 156
66291 6
86.374.8
6.0
35.827.1
7.2
163.4
11.6463
117
371374230185213
2,112
165.4
11.1463
134
383391244206235
2,881
172.6
165.1
2 7572,482
1122 131
418207174
194.3191.51.2963,311
11.9463
125
439559269238214
6,388
2444.08
3,7001,8721,3902,191
58492.2
90.777.3
7.5
37.027.6
7.9
171.7
10. 6358
117
533627327260191
9,273
164.3
11.9063
116
809528357311132
9,240
174.3
166.4
2,7072,419
1222,173
394140108
187.0183.61.3173,696
11.8563
122
485367352264«93
4,176
2794.62
3,7961,895U472,275
64393.6
89.379.7
5.4
39.029.1
8.2
169.5
259.5
12.3172
118
37131027225083
2,725
165.3
2 3 7 4 . 9
12.0357
110
31429421820067
1,412
165.3
252.3
75904
253.1
104
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:Acetylene mil cu ftAmmonia, synthetic anhydrous thous sh tonsCarbon dioxide liquid, gas and solid doChlorine, gas (100% Clj) doHydrochloric acid (100% HC1) doNitric acid (100% HNOs) doOxygen (high purity) mil cu ftPhosphoric acid (100% 1*265) thous. sh. tons..Sodium carbonate (soda ash), synthetic (58%
Na20) thous sh tonsSodium bichromate and chromate doSodium hydroxide (100% NaOH) doSodium silicate, anhydrous thous. sh. tonsSodium sulfate, anhydrous., thous. sh. tonsSulfuric acid (100% H2SOO do
16, 59810,622.41, 081. 97,205.21, 519. 45, 514. 4212, 7514, 548. 6
5, 089. 7141.5
7, 616. 5623.3
1, 445. 128,384.9
r 14, 26911,869.6'1,085. 37, 658. 0
s 1,597. 76, 121. 8
'243,4014, 764. 3
4, 827. 9131.3
7, 891. 4605.3
51,386.628,815.2
' 1, 248955.8'76.7695.5146.9521.5
'23,318455.1
433.511.6
708.849.0
115.82,615.8
1,278990.681.1
661.9126.7499.3
20, 895412.5
364.010.5
672.138.1
110.72,284.3
1,241973.369.6
649.8132.0538.9
21, 114432.6
342.111.6
666.351.4
114.42,380.8
1,2921,062.4
75.5700.1150.3593.0
22, 099458.6
349.812.6
727.755.2
134.62,459.7
1,2761, 082. 6
73.1688.2137.8595.3
21,930435.9
390.212.7
723.959.1
130.52, 447. 7
1,2711,163.7
89.5708.4144.8517.8
21,661453.8
399.512.2
755.457.1
145.22,541.2
1,1561,028.5
88.0692.4141.7470.4
21,265381.9
383.712.4
727.146.0
121.22,278.1
1,2191,031.3
107.2701.8138.7434.9
21,077326.2
380. 011.3
729.142.8
115.02,161.8
1,224932.1105.5702.6149.0463.3
18,960388.2
397.612.1
725.047.4
121.42,282.2
1,174949.092.5
701.2149.9486.6
18,297406.9
383.211.7
736.447.8
121.72,294.6
' 1, 275' 951. 2'88.8
' 735. 4' 157. 9' 496. 1'19,345' 415. 7
' 402. 112.4
777.2'62.2129.0
'2,365. 0
1,212947.485.6
724.1156.5489.5
20, 195395.7
363.712.0
768.263.8
120.72, 357. 4
' Revised. v Preliminary. i Number of carriers filing complete reports for the year.2 Preliminary estimate by Association of American Railroads. 3 Data cover 5 weeks;
other months, 4 weeks. « Reflects adjustment of -230 mil. dol. for extraordinary items.
«Annual total reflects revisions not distributed to the monthly data.1968, passports are issued for 5 years; no renewals are made.
« Effective Aug. 26,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SUEVEY OF CURRENT BUSINESS S-25
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
«1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^Acetic anhydride mil. IbAcetylsalicylic acid (aspirin) doCreosote oil mil. gal
DDT mil. IbEthyl acetate (85%) doFormaldehyde (37% HCHO) doGlycerin, refined, all grades:
Production doStocks end of period do
Methanol synthetic and natural mil galPhthalic anhydride mil Ib
ALCOHOL
Ethyl alcohol and spirits:Production mil tax galStocks, end of period doUsed for denaturation doTaxable withdrawals do
Denatured alcohol:Production mil wine galConsumption (withdrawals) doStocks end of period do
FERTILIZERS
Exports total 9 thous sh tonsNitrogenous materials doPhosphate materials doPotash materials do
Imports:Ammonium nitrate doAmmonium sulfate doPotassium chloride doSodium nitrate do
Potash deliveries (K2O) doSuperphosphate and other phosphatic fertilizers
(100%P205):Production _ _ thous. sh. tonsStocks, end of period do
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:Black blasting powder _ _ _mil. IbHigh explosives. do
Paints, varnish, and lacquer, factory shipments:Total shipments mil $
Trade products _ _ __ doIndustrial finishes _ do
Sulfur, native (Frasch) and recovered:Production thous. Ig. tonsStocks (producers'), end of period do
PLASTICS AND RESIN MATERIALS
Production:Cellulose plastic materials _ _ _ mil. Ib
Thermosetting 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 materials (polystyrene) mil. IbVinyl resins (resin content basis) doPolyethylene _ do
i 1,596.834.1
1 114.7
141.5i 121.6
1 3,712.6
365.626.0
1 492. 3*675 2
659.6204.0570.074.7
307.3310 0
3.5
14,2192,303
10, 0181,000
154160
2,382321
3,991
4,450624
.51, 753. 1
2, 364. 41, 312. 41, 052. 0
» 8, 2432,704
* 186. 7
1666. 1J334 51 470 0
1 1,046. 7i 718. 3
12,384.51 2, 680.013,558.0
1 1, 556. 430.5
1 116. 5
102.8138.9
3, 686. 2
353.832.6
1 520. 2715.3
685 0218.4556 179.0
300.1298 6
4 9
15 2941 1, 62911, 0251,119
177168
2,711218
4,034
4,695726
.41, 708. 5
2,348 21, 329. 51, 018. 7
8,2841,954
1 171.9
1 585. 91 289 9
489 71 953. 7i 645. 4
1 2, 365. 412,599.43, 761. 9
144.02.1
10.112.7
335.1
30.832 648.366 2
57 2218 441 6
6 2
22 922 4
4 9
1 428159947106
119
18811
259
398726
.1403 9
150 476 573 9
7021,954
14 9
44 o
27 444 976 052 8
208 7233 2360 3
133.32.67.2
11.713.5
313.8
30.836.045.451.0
56.8220.044.06.4
23.722 95.7
1 41917593591
1820
46716
336
356697
177 689 787.9
6811,996
12.3
48 4
24 839 e82 351.9
193.4219.9344.4
136.52.69.5
11.510.5
337.6
29.436.746.558.2
52.2223.343.85.0
23.523 85.3
1 324121948127
1817
3788
411
375704
186 2100 985.3
6462,011
15 4
49 8
29 745 683 155.2
189.8218.3343.7
140.12.99.9
12.613.5
340.4
34.142.146.859.7
55.2223.941.85.8
22.724 13.9
1 417162
1,07779
2831
47330
607
405615
.2330 9
206 4114 791 6
6992,046
15 3
53 9
28 149 187 660.3
220.2235.9334.1
123.72.79.6
10.89.5
343.6
28.837.549.960.8
57 6220.748 2
7 5
25 925 84 0
1,584229
1,132115
4611
49816
598
378500
229 2135 893 3
6902,027
14.2
54 0
31 054 383.758.3
224.2237.1351.6
103.02.28.3
11.713.6
350.5
27.332.147.566.6
58.2216.648.86.9
26.327.23.1
1 610174
1,207110
213
22319
354
379497
241 7141.4100.3
7152,028
14.3
55 3
30 951 992.359.6
235.6250.3370.0
107.62.4
10.7
12.312.8
356.3
26.329.346.565.5
54.6215.744.76.4
24.023 83.4
1,466147
1,09189
111
20530
281
310529
.1417.5
239 0139 899.2
7632,142
14 2
51 1
21 750 686 255.2
229 3246.7363.5
141.22.39.0
12.213.0
337.3
27.529 248.657 1
59 7217 447 16 5
25 325 82 9
1 617215
1,19575
111
15225
117
257567
231 6140 591 1
7772,293
13 3
52 6
28 646 272 054 1
212 3231.7362.4
142.32.18.0
12.313.3
340.6
30.228.746.163.9
56.5207.549.86.6
26.726 23 3
1 533180
1 14399
156
11125
213
308578
238 6141 996.6
7712,466
15.7
54 5
24 247 785 265.5
228.1245.3381.4
142.52.69.3
10.714.5
332.4
28.728.447.559.1
60.0201.447.07.7
25.225.72.7
1 658242
1,134153
135
260(2)
329
351524
.1428.8
229.5127.6101.9
7442,619
16.3
51.4
25 048 991.468.2
235.7254.8383.7
137.13.1
10.5
18.8364.6
27.028.150.566 2
70.8199.551 79.1
27.627 03 4
1 902347
1,332160
146
275(2)
372
358525
r234 7rl!9 5'115 2
7572,691
16 6
58 5
30 051 2
103 673 1
247 2261.5399 7
139.03.08.8
II. 8330.8
r 26 8
r 26 849 462 5
60 3187 847 17 5
25 326 02 6
1 544317
1 10077
1213
2542
332520
196 992 7
104 2
7602 779
30.126.6
1 883296
1,291129
2015
26132
.1404.6
'*
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), totalmil. kw.-hr__
Electric utilities, total doBy fuels doBy waterpower _ do
Privately and municipally owned util doOther producers (publicly owned). _. do
Industrial establishments, total doBy fuels doBy waterpower do
1,249,444
1,144,350949, 594194, 756
933, 464210,886
105, 094101, 912
3,182
1,314,299
1,211,749991, 706220, 043
985, 580226, 169
102, 54999,2033,346
115,905
107, 34086, 50320, 837
87, 36119,979
8,5658,251
314
121, 305
112, 56592, 32520, 240
91, 86620, 699
8,7408,421
319
112, 970
104, 53186, 61517, 915
84,97619, 555
8,4398,155
284
114,845
105, 88787,02418,864
85,34520,542
8,9578,651
306
109, 234
100, 34081, 34118, 999
80, 97619,364
8,8958,578
317
114, 607
105, 52285, 99819, 524
85, 25120,271
9,0848,758
327
119,340
110, 64591, 70818,936
90,31820,326
8,6958,378
317
127, 472
118, 87099,84119, 029
97,30821, 562
8,6038,338
265
131,905
123,001104, 85618, 146
101, 21521, 786
8,9048,657
246
115,832
107, 15491,42815, 726
87,88419,270
8,6778,457
220
119, 354
110,28893,63616, 652
91, 09219, 196
9,0668,818
248
118, 071
109, 16591, 25417, 913
89, 47719, 688
8,9068,644
262r Revised.1 Revised annual total; revisions are not distributed to the2 Less than 500 short tons.
monthly data.cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated. 9 Includes data not shown separately.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-26 SURVEY OF CURRENT BUSINESS February 1960
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hrCommercial and industrial:
Small light and power § doLarge light and power§ do
Railways and railroads __do_ _.Residential or domestic doStreet and highway lighting do_Other public authorities doInterdepartmental do
Revenue from sales to ultimate customers (EdisonElectric Institute) mil $
GAS
Manufactured and mixed gas:Customers end of period total? thous
Residential doIndustrial and commercial do
Sales to consumers total 9 mil thermsResidential do
Residential do
Natural gas:Customers end of period total 9 thous
Residential do
Residential doIndustrial and commercial do
Revenue from sales to consumers, total 9 —mil. $_.Residential don us na an commercia
1,038,982
225, 878465, 077
4,514306, 572
9,24025,9221,779
16 196 1
67062841
1 386807562
127 983 543 i
38 18335' 0573 082
127 18340 93380* 592
7, 736. 84 108 23 425 4
1,107,023
242, 492486, 043
4,572331, 525
9,86329, 4263,102
17, 222. 7
66662441
1 437829589
131 484 545 3
39 03435 8363 152
133 42442' 81185* 321
8, 124. 44 294.93 637 9
95,386
20,04741, 216
43429, 782
9622,668
277
1, 473. 0
66662441
404227171
36 423.012 9
39 03435,8363 152
34 46011 12022,027
2,100.91,103.1
946 4
100,952
20,85141,851
45833, 924
9602,626
283
1, 545. 5
98, 707
20,52641,380
43232,603
9012,593
273
1, 519. 0
98,285
20,50142,024
40431,603
8742,599
280
1, 503. 1
66962643
613389224
53.936.517.5
39,05335,84232, 115
47,70320,67427,030
3, 169. 01,883.41, 285. 6
94, 620
20,02942,488
35828,118
8152,527
284
1, 454. 6
94,367
20,62143,488
35126,239
7752,586
307
1, 450. 8
97, 169
22,06443,354
33627, 676
7502,685
304
1, 514. 6
65060840
323174144
29.318.110.8
38,83535, 6923,097
33,0778,960
22,594
1,911.7940.4920.0
102, 330
24,17443,, 055
34230,, 995
7462,, 693
324
1,601.6
107, 416
25,43344, 195
33833, 570
7962,769
315
1, 670. 7
106,260
24,83244,166
35132, 967
8422,772
331
1,656.3
57453935
1636398
14.87.77.0
38,96235,8343,082
26,9503,821
21, 519
1,339.9502.2787.5
100, 515
22,76244,678
36128,687
9032,787
337
1, 659. 8
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGESBeer:
Production mil bblTaxable withdrawals doStocks end of period do
Distilled spirits (total):Production mil tax galConsumption, apparent, for beverage purposes
mil wine galTaxable withdrawals mil tax galStocks end of period doImports mil. proof gal
Whisky:Production mil tax galTaxable withdrawals doStocks end of period doImports mil. proof gal
Rectified spirits and wines, production, totalmil proof gal
Whisky doWines and distilling materials:
Effervescent wines:Production mil wine gal
Stocks end of period doImports do
Still wines:Production doTaxable withdrawals doStocks end of period doImports do
DAIRY PRODUCTS
Butter, creamery:Production (factory) mil IbStocks, cold storage, end of period doPrice wholesale 92-score ( N Y ) $ Der Ib
Cheese:Production (factory) total mil Ib
American whole milk do
Stocks, cold storage, end of period doAmerican, whole milk _ do
Imports doPrice, wholesale, American, single daisies (Chi-
cago) _$ ner lb._
113 04104 2610.57
191 14
308 92144 73880.5660.30
128 5194 58
835 4652.20
101 0867.14
8 757 4Q3.751.64
218.38165 80265 1116.34
391 14
1 112 032.3672
r\ 354 2rl 220 3
372.7322.2135.5
.527
116 55106.9710.77
'211 76
324 81148 20904 5868.17
153 7897.02
856 6659.70
r log 26r 67 31
10 188 744.301.92
' 217. 45174 84272 031 17. 46
361 34
1 222 6168.6
R7K
r\ 913 orl 276 4
390.3344.0
* 151 8
.521
8.478.33
10.77
19 94
37 9811 05
904.587.42
12 767 21
856 666". 58
8 635.17
1 041 124.30.23
7 9314 45
272 031.88
19 98
93 0168.6
F&Pi
r 150 7r91 7
390.3344.013.9
.529
9.057.58
11.52
18 33
23 2210.97
909.394.76
13.087.19
860 364.22
8 314.70
9860
4.62.15
3.8815 11
258.341.37
10 50
107.8163.5
673
149 094 8
372.9326.3
9.3
.530
8.577.48
11.94
16.49
24 6210.07
912. 895.00
13.576.88
864.534.48
6.904.16
1 0756
5.07.13
2 8314 51
243 081.27
3 18
100 7173.0
673
144 294 3
361.0312.3
8.7
.528
10.108.95
12.36
17 63
28.2210.52
917. 155.17
14.367.24
868 984.60
7 604.31
1 1278
5.35.14
2.9218 42
227 771.30
3 84
108. 6176.4
672
163 0105 8
352.5304.6
9.1
.522
10.849.45
12.88
21.21
26.6213.95
920. 516.20
16.288.62
873. 775.35
10.306.30
1.1763
5.82.15
2.9413.48
214. 481.68
3 99
113.9180.1
673
179.9120.9
363.4315.0
9.5
.550
11.4810.1913.17
25.14
29.3712.59
929.856.00
20.517.88
883. 235.34
9.375.77
.8878
5.85.20
3.0114.05
203.341.93
3 52
124.4199.3
673
199.6139.6
393.7341.614.8
.553
11.3710.3013.31
19.32
26.4812.13
934.295.16
14.156.97
888.114.50
8.915.33
.8774
5.90.17
2.4014.39
187. 591.41
3 22
116.5225.0
672
197.1140.1
420.8370.112.9
.549
12.3011.5813.02
18.24
25.9610.53
939. 764.92
13. 856.28
893. 664.31
8.304.92
6055
5.86.13
2.2111.22
175.281.55
4 66
100.1241.7
674
175.7123.1
444.5389.220.9
.549
11.3710.7612.64
14.72
27.4712.53
938.826.17
9.607.63
892.775.37
8.664.99
1.06.77
6.08.24
8.8814.76
166.672.24
35 96
81.5224.6
677
161.3109.6
451.3390.523.5
.550
9.869.11
12.54
19.36
27.3514.29
940.456.80
13.289.45
893. 395.92
10.436.37
.951 065.85.18
72.5414.76
221.092.22
125 32
70.2196.5
691
146.694.4
448.5377.220.2
.551
10.109.28
12.48
'24.32
30.9415.75
'944.529.23
17.6611.07
895. 988.13
12.858.26
1.071.285.54.26
93.68' 18. 01290.02
1.78
126 37
77.7161.9
686
147.190.4
415.5346.410.7
.562
8.468.26
11.92
22.26
12.95950. 02
7.90
16.418.76
899.657.00
10.406.73
1.161.265.38.27
20.7516.44
286.821.54
28 99
77.8137.4
680
137.081.1
395.6334.511.6
.565
8.14
7.29
.22
1.68
92.4' 117. 4
690
146.287.3
' 381.0' 318. 7
17.1
.570
104.2
360.2294.5
• Revised. »Annual total reflects revisions not distributed to the monthly data.§ Data are not wholly comparable on a year to year basis because of changes from one classi-
fication to another. 9 Includes data not shown separately.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-27
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:Production, case goods:
Condensed (sweetened) mil. IbEvaporated (unsweetened) _ do
Stocks, manufacturers', case goods, end of period:Condensed (sweetened) mil IbEvaporated (unsweetened) do
Exports:Condensed (sweetened) doEvaporated (unsweetened) _ __do_
Price, manufacturers' average selling:Evaporated (unsweetened) $ per case
Fluid milk:Production on farms mil. IbUtilization in mfd. dairy products doPrice, wholesale, U.S. average $ per 1001b._
Dry milk:Production:
Dry whole milk __mil. IbNonfat dry milk (human food) do
Stocks, manufacturers', end of period:Dry whole milk doNonfat dry milk (human food) . _ _ do
Exports:Dry whole milk doNonfat dry milk (human food) do_
Price, manufacturers' average selling, nonfat drymilk (human food) $ per lb_.
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat) .. .mil. bu__
Barley:Production (crop estimate) _ _ _ doStocks (domestic), end of period do
On farms. doOff farms do
Exports, including malt§ . doPrices, wholesale (Minneapolis):
No. 2, malting $ per bu__No. 3, straight __do.
Corn:Production (crop estimate, grain only).. mil. bu.Grindings, wet process. do
Stocks (domestic), end of period, total mil. buOn 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) mil buStocks (domestic), end of period, total do. _
On farms.. . _ _ doOff farms. _ do
Exports, including oatmeal- . doPrice, wholesale, No. 2, white (Chicago)
$ per bu._
Rice:Production (crop estimate) mil. bags9California mills:
Receipts, domestic, rough mil IbShipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end
of period mil. IbSouthern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers. . mil. IbShipments from mills, milled rice do_.Stocks, domestic, rough and cleaned (cleaned
basis), end of period mil. IbExports doPrice, wholesale, Nato, No. 2 (N.O.) $ per Ib
Rye:Production (crop estimate)... ...mil. buStocks (domestic), end of period doPrice, wholesale, No. 2 ( Minneapolis).. $ per bu__
Wheat:Production (crop estimate), total mil. bu
Spring wheat _ doWinter wheat do
Distribution .. do
Stocks (domestic), end of period, total do..On farms doOff farms do
128.61 709 2
11.6192.9
92.938.4
6.73
119,89256, 398
4.82
94.41, 579. 7
6.9118.2
16.4170.3
.182
1, 590. 3
i 393. 2294.4179.1115.263.6
1.351.33
U,117203.6
3,6772,899
779616.6
1.341.31
1801662557105
30.2
<.77
185.0
1,536920
317
5,8803,962
1,7582,978.083
»27.828.41.20
i 1, 3121249
1 1,0621,600
1,049409641
64 41,493 2
5.8190.2
28.633.8
7.05
119,29458,587
5.01
74.31,674.8
6.198.7
12.8140.9
.199
1,245.4
1372.9301.6182.9118.740.2
1.301.29
14,760207.2
4,2173,353
864515.3
1.271.25
1789648543104
9.4
«.75
189.4
1,9131,403
254
6,6754,544
1,8754.066.085
124.227.71.19
11,5221316
' 1 1, 2071,365
1,209505704
7 791 0
5.8190.2
6.02.6
7.06
9,2994,1265.29
6.0118.9
6.198.7
1.12.5
••.199
121.2
301.6182.9118.7
.3
1.201.20
15.9
4,2173 353
86461.7
1.111.09
648543104
.1
5962
254
384408
1,875343
.085
27.71.13
347
1,209505704
3.386 2
5.4142.2
93.3
7.06
9 6084 6285.27
6.5128.0
6.684.6
1 l4 1
.198
116.6
1 1
1.231.24
18.2
51.8
1.101.09
r .5
.80
187135
260
338451
1,671559
.085
1.17
7.485 6
8.2104.0
1.52.3
7.06
9,2494 5745.20
5.7128.8
6.679.3
.76.2
.198
122.8
4.8
1.241.25
17.9
48.1
1.121.10
.7
.83
194224
185
511485
1,545295
.088
1.18
8 796 4
8 278.1
2 72 5
7.07
10, 2695 1035.08
6.4145.5
6.376.8
1.56.7
.199
••123.0
216 9127.789 32.9
1.231.23
18.3
3 1692 362
80754.9
1.141.14
44235884
r 1 7
.79
213167
179
235424
1 236481
.090
23.21.17
373
837360477
8 0125 4
6 458.6
4.73.9
7.22
10,4605 5765.03
7.1169.8
7.689.6
1.14.3
.227
109.6
.8
1.241.23
18.3
41.9
1.131.11
1.4
.81
206188
142
141434
988469
.090
1.13
6 7146 7
2 6106 2
1 32.5
7 29
11,2836 1474.99
9.6189.2
9 1118.0
1.326.4
.231
86.2
8
1.241.25
42.1
1.171.14
1 0
.82
122119
106
62410
644406
.090
1.14
9 3138 4
4 7149 1
2 41.7
7.33
10,9376 0384.90
10.0188.2
11.5145.9
.712.3
.231
92.2
3136. 83 70. 63 66. 1
5
1.191.18
2,1511 621
53142 7
1.131.15
3 2703 204
3 66
5
.74
8363
88
88299
417300
.090
3 18.01.12
2993 5373 2283 309
8 6138 0
4 0178 9
6 53.2
7 35
10,2085,5675.06
5.2152.1
11 1139.9
1.710.2
.231
99.1
1.1
1.061.07
46.7
1.101.10
.2
.67
9180
69
126248
272235
.090
1.10
8 1134 5
3 0192 8
6 01.7
7 36
9,5674,9295.24
4.6120.3
10 1128.4
1.420.8
.232
114.4
1.8
1.041.05
60.7
1.061.06
1.6
.60
5428
79
1,182305
784169
.087
1.09
6.9107.5
5.7189.0
2.72.8
7.36
9,0584,1295.46
4.991.0
8.4107.4
1.122.8
.234
86.2
445.8295.6150.2
.4
1.191.20
3 1, 1463 7653 38050.2
1.061.03
930776154
2.0
.63
17076
110
1,732372
1,547342
.081
31.91.12
446
1,690744946
8 3101 5
3 0160.6
6.13.1
7.36
9,1594,1195.62
6.191.0
9.190.1
6.68.1
.235
84.8
.7
1.191.18
40.8
1.061.08
.7
.58
37169
286
1,584481
2 122'209
1.17
6 991 0
2 6124.4
1.52.7
7.36
8 7933,8185.68
5.190.9
7.976.0
1.113.7
.233
108.3
'2.5
1.171 15
54.1
1.131 14
1 0
11558
'315
749519
2 119'336
1.17
5 0109 5
2 199.1
6.03.1
7.36
9,2204,197'5.60
5.1115.6
7.678.9
.415.3
.234
127.2
2 418. 2
.5
1.141.14
2 4, 375
59 9
1.141.13
2 930
4
.71
2 105 3
215170
312
339347
2 013361
223.2
1.20
2 1, 5702 342
2 1,229
9 407
5.51
1.181.19
1.181.16
.74
1.20
' Revised. 1 Crop estimate for the year. 2 December 1 estimate of 1968 crop. 3 Oldcrop only; new crop not reported until beginning of new crop year (July for barley, oats, rye,
and wheat; Oct. for corn). 4 Average for 11 months. § Excludes pearl barley. 9 Bagsof 100 Ibs.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-28 SURVEY OF CURRENT BUSINESS February i960
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— ContinuedExports, total, including flour mil. bu..
Wheat only do
Prices, wholesale:No. 1, dark northern spring (Minneapolis)
$ per bu_.No. 2, hd. and dk. hd. winter (Kans. City). doWeighted avg., 6 markets, all grades __ . do
Wheat flour:Production:
Flour thous sacks (100 Ib )Offal thous. sh tons
Grindings of wheat thous buStocks held by mills, end of period
thous. sacks (100 lb.)-_Exports doPrices, wholesale:
Spring, standard patent (Minneapolis)$ per 100 Ib
Winter, hard, 95% patent (Kans. City) ..do
LIVESTOCK
Cattle and calves:Slaughter (federally inspected):
Calves . thous. animalsCattle do
Receipts at 28 public markets doShipments, feeder, to 8 corn-belt States doPrices, wholesale:
Beef steers (Chicago) . _ $ per 100 Ib -Steers, stocker and feeder (Kansas City)_.doCalves, vealers (Natl. Stockyards, I l l . )__do
Hogs:Slaughter (federally inspected) thous. animalsReceipts at 28 public markets doPrices:
Wholesale, average, all grades (Chicago)SperlOOlb..
Hog- corn price ratio (bu. of corn equal in valueto 100 Ib. live hog)
Sheep and lambs:Slaughter (federally inspected).. -thous. animals..Receipts at 28 public markets doShipments, feeder, to 8 corn-belt States doPrice, wholesale, lambs, average (Chicago)
$ per 100 Ib
MEATS AND LARD
Total meats:Production (carcass weight, leaf lard in) , inspected
slaughter _ . _ . mil. IbStocks (excluding lard), cold storage, end of
period. _ _ __ __ _ mil. IbExports (meat and meat preparations) doImports (meat and meat preparations) do
Beef and veal:Production, inspected slaughter.. __ doStocks, cold storage, end of period doExports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York) $perlb_.Lamb and mutton:
Production, inspected slaughter mil. lb_.Stocks, cold storage, end of period do
Pork (including lard), production, inspectedslaughter _ mil. Ib
Pork (excluding lard) :Production, inspected slaughter _ doStocks, cold storage, end of period doExports doImports doPrices, wholesale:
Hams, smoked, composite $ per IbFresh loins, 8-12 Ib. average (New York) ..do
Lard:Production, inspected slaughter mil IbStocks, dry and cold storage, end of period doExports doPrice, wholesale, refined (Chicago) $ per lb_.
POULTRY AND EGGSPoultry:
Slaughter (commercial production) mil. lb_.Stocks, cold storage (frozen), end of period, total
mil. lb_.Turkeys do
Price, in Georgia producing area, live broilersSperlb..
' Revised.1 Annual total reflects revisions not distributed to
875.7820.8
1.971.811.88
253,0004,619
568, 672
4,18023,540
6.3655.994
4,43227, 31913, 1348,056
26.1725.4132.38
63,72915, 175
22.61
18.5
11, 5533,9011,988
25.00
29,291
621480
1,318
16,71031732
895
.442
58117
12,000
9,66223455
298
.587
.569
1,695100158
.152
8,786
436267
.145
the mont
675.6637.1
1.921.681.88
245, 2404,423
549, 801
4,37216, 535
6.1245.631
4,00227, 780
' 12, 6597,852
25.9724.7332.38
70, 915' * 16,196
18.95
16.3
11,516'13,603
1,449
23.48
31,110
644484
1,397
17, 25428634
J967
.451
57415
13, 281
10, 75128656
307
.544
.515
1,835151189
.126
9,218
540367
.122
hly data.
59.155.2
1.851.581.86
20, 731371
46, 503
4,3721,712
5.9135.383
3232,214'973
668
26.3823.6833.00
6,1001,396
16.79
16.2
86924892
22.00
2,582
64436
120
1,381286
376
.460
4515
1,156
944286
532
.573
.472
154151
8.116
741
540367
.110
63.158.7
1.861.621.87
21, 543387
48, 368
1,903
5.9385. 433
3652,4931,045
523
26.6823.8934.00
6,4961,445
17.73
16.9
1,05027696
23.00
2,816
65138
128
1,554287
387
.464
5415
1,208
993288
427
.517
.515
157164
7.114
687
525361
.125
69.165.4
1.851.631.85
20,379366
45,637
1,568
6.0205.500
3022,258
850401
27.1925.6835.50
5,6971,288
18.86
17.8
84019078
24.75
2,494
63537
117
1,414264
278
.474
4413
1,036
849291
327
.504
.533
13612427
.114
566
458310
.135
63.459.1
1.871.611.84
21, 873390
49, 019
4,3481,842
6.0205.450
3422,241
847472
27.6726.0938.50
6,2381,323
19.37
17.5
79617875
26.00
2,581
61832
109
1,406234
270
.469
4213
1,134
929306
329
.531
.492
14812113
.116
582
400268
.135
64.858.0
1.841.571.83
20,025355
44,492
2,930
6.2105.938
3322,286
883384
27.3826.4335.50
6,4831,431
18.56
17.5
86520061
26.50
2,690
66237
123
1,434224
284
.469
4412
1,211
985355
328
.517
.472
16413216
.115
620
351225
.135
42.239.1
1.811.551.78
19,985351
44,374
1,300
5.8885.350
3022,541
740386
27.0226.8034.00
6,4071,355
18.37
16.7
920241114
29.50
2,855
67434
109
1,587203
369
.475
4612
1,222
986388
329
.516
.475
172139
8.110
706
312194
.135
48.345.6
1.771.481.70
19,687352
44, 119
4,2621,144
5.7755.267
2572,367
794291
26.8326.5133.50
5,1251,130
19.58
18.0
85624583
29.00
2,482
61532
150
1,464207
2105
.472
4112
977
786326
329
.522
.550
14013012
.104
671
296185
.140
51.148.0
1.741.421.62
20,422369
45,852
1,304
5. 7755. 350
2882,6091,015
468
27.5626.5432.00
5, 4541, 221
20.50
20.0
928266
74
26. 25
2,661
54834
151
1,592222
2113
.477
4512
1,024
830245
427
.544
.569
14012110
.108
805
332226
.145
50.246.5
1.681.411.62
21,873391
48,950
1,551
5.7885.288
3112.468
957708
27.9225.8432.00
5,9421,186
19.35
19.3
930233122
25.25
2,738
50845
148
1,608240
3113
.477
4511
1,084
8811971124
.545
.515
14610516
.105
880
413305
.140
30.425.2
1.721.421.73
21,533379
48,042
4,5172,229
5.9135.375
3232,5401,1231,153
28.2425.3332.00
6,3481,319
19.49
19.3
973300181
25.25
2,738
51755
171
1,536249
2129
.477
4712
1,154
9431971130
.543.539
1549416
.105
858
492386
.135
42.637.9
1.791.491.83
23,506411
53,606
2,020
3732,8131,3811,488
28.2225.33
7,4041,612
18.19
18.6
1,068376301
25.62
3,132
57248
147
1,714273
2111
.466
5312
1,365
1,114222
1424
.484
1828914
984
607504
.115
50.744.0
1.791.541.83
'22,080'386
'49,523
2,903
3442,4161,077
' 1, 259
28.3826.01
6,5711,388
17.56
16.8
835243
'134
26.12
2,770
61462
144
1,489304
3107
.471
4215
1,239
1,014'237
1825
.481
1647820
795
486386
.120
66.360.3
1.721.501.78
21, 173375
47,279
4,6382,570
3372,380
921685
28.8326.39
6,6191,410
17.87
17.0
832210
79
25.00
2,760
6255497
1,475'304
263
.484
4315
1,242
1,022'256
1526
.484
1609612
765
'417'317
.125
1.781.52L82
29.1026.60
18.94
17.2
605
288
.492
257
.531
390292
.130
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-29
Union otherwise stated, statistics through 1966and descriptive notes are shown in the 1957edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:Production on farms mil. cases O-.Stocks ,cold storage, end of period:
Shell -. _ thous. casesOFrozen mil. lb__
Price, wholesale, extras, large (delivered; Chicago)$ per doz__
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 period thous. bags<f._Roastings (green weight) do
Imports, total doFrom Brazil . do
Price, wholesale, Santos, No 4 (N Y ) $ per lbConfectionery, manufacturers' sales. __mil. $-.
Fish:Stocks, cold storage, end of period. mil. lb_
Sugar (United States):Deliveries and supply (raw basis) :§
Production and receipts:Production thous. sh. tons..Entries from off-shore, total 9 do
Hawaii and Puerto Rico do
Deliveries, total 9 doFor domestic consumption do
Stocks, raw and ref. , end of period do
Exports, raw and refined sh tons
Imports:Raw sugar, total 9 thous sh tons
From the Philippines doRefined sugar, total do
Prices (New York):Raw, wholesale ._ $per lb_.Refined:
Retail (incl. N.E. New Jersey) --..$ per 5 lb__
Tea, imports thous lb
Baking or frying fats (incl. shortening) :Production mil lbStocks, end of period© do
Salad or cooking oils:Production .._ . _ doStocks, end of period© do
Margarine:Production doStocks, end of period© doPrice, wholesale (colored; mfr. to wholesaler or
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: ATallow, edible:Production (quantities rendered) mil lbConsumption in end products doStocks, end of period J do
Tallow and grease (except wool), inedible:Production (quantities rendered) doConsumption in end products doStocks, end of period f do
Fish and marine mammal oils:Production doConsumption in end products doStocks, end of period 5 do
Vegetable oils and related products:Coconut oil:
Production: Crude mil. lb.Refined do
Consumption in end products doStocks, crude and ref., end of period f doImports do
Corn oil:Production: Crude do
Refined doConsumption in end products doStocks, o.mdft anH r«f ATI*! nf nprinHIT e\n
184.7
2736
.401
319.3.246
3,141 J21, 300
22 0566, 726
.414' 1.535
271
4,0456,2501,911
10. 44410, 2992, 598
3. 000
4, 1981,039
38
. 070
' . 620.096
132, 996
3 189.5118.6
2, 946. 883.4
2, 109. 753.2
.266
566.7516.150.9
4, 466. 92, 439. 6
447.4
164.172.1
158.5
363.1569.6783.4223.9498.2
446.6397.6388.0M. 5
194.9
8689
.298
282.6.288
2,31121,291
21,3126,069.384
1,645
253
4,1036,3911,958
10, 51610, 245' 2, 873
1,468
4,5842 1, 134
97
.073
3.620.099
142, 583
3, 225. 7139.2
2,922.1'79.5
2, 114. 159.9
.257
577.8525.173.2
4, 753. 02, 401. 6
424.6
118.473.0
146.3
2 350. 5565.1
' 766. 1133.6
2 523. 0
444.0418.1
' 420. 637.7
16.6
8689
.315
26.1.310
2,3115,592
1,424316
.373134
253
978339
99
848827
' 2, 873
27
43413851
.073
.618
.099
13,857
268.2139.2
232.5'79.5
189.359.9
.256
46.039.773.2
394.0188.9424.6
5.96.2
146.3
34.635.553.1
133.616.2
33.835.135.637.7
16.6
7585
1.325
35.8.315
2, 202f.3l
.373148 ;
227 i
551 '2,128
24
763748
2,891
So
201134
.074
.608
.099
10, 910
264.2141.5
246.573.0
203.358.8
.256
46.338.681.6
415.0205.3489.2
.96.0
144.4
32.352.261.1
147.5115.8
35.136.435.736. 5
15.7
7780
.294
24.5 !.300 i
2, 461956
. 375150 i
201
172302129
752738
2,719
285
282325
.074
.614
.100
10, 121
267.6128.9
258.4100.5
192.762.1
.256
46.543.081.5
381.9189.9439.5
.66.1
119.2
20.945.856.6
142.859.6
37.636.536.234.1
17.1
8281
.316
7.7.300
2,5685,687
1,755510
.375142
174
202146142
841825
2,603
51
373642
.074
.613
.099
13,500
271.8124.2
247.880.8
177.565.3
.256
46.042.984.9
387.5209.1438.1
l.l6.2
110.5
18.847.664.7
114.420.3
38.535.530.639.8
16.6
10286
.303
25.7.313
2,398766
.375126
176
115154152
834821
2, 523
120
440109
3
.074
.614
. 099
13, 121
258.4130.7
239.176.0
170.862.3
.256
41.042.876.0
379.4198. 7428.1
4.06.3
113.1
39.948.268.995.916.9
39.035.235.644.9
17.7
19195
.287
27.9.296
1,956559
.380113
181
105218199
943931
2,323
89
49417426
.075
.615
.099
15, 800
273.6133.8
271.279.7
161.558.0
.256
49.542.572.5
426.1225.3440.1
10.86.5
119.7
41.144.367.9
108.834.2
40.734.337.350.1
15.9
287108
.332
21.8.289
3,2864,954
1,641567
.378••107
188
65418170
952940
2,092
65
457253
8
.076
.622
.102
13, 734
258.4130.3
291.583.1
160.962.2
.256
44.440.669.8
398.1214.1407.1
21.05.7
145.8
37.746.057.8
129.035.7
38.837.836.549.2
16.1
262110
.369
18.6.291
2,481726
.37897
235
72714184
1,0281,0081,817
94
475104
2
.076
.624
.103
11, 440
238.9124.3
230.169.6
162.352.6
.256
41.840.559.6
398.5205.0420.3
36.26.5
163.0
30.941.954.2
145.240.5
36.633.637.451.2
15.7
229109
.390
15.3.300
2,397773
.378127
258
90788184
1,1171,102
' 1, 533
165
541161
4
.076
.635
.102
16,354
297.7136.2
245.073.2
168.052.8
.258
44.953.247.5
397.5210.1400.0
30.95.5
177.8
34.951.461.1
152.816.1
33.438.339.543.5
15.1
150102
.501
12.9.363
5,2054,921
2,322839
.375194
275
15853292
1,0291,013
' 1, 249
120
44492
.076
.636.102
14, 766
292.4125.4
239.464.9
168.050.1
.256
44.547.239.3
390.2211.7376.9
26.35.8
188.3
34.044.157.2
130.230.7
34.431.933.541.1
15.8
17292
.399
10.8.394
1.687552
.378'188
288
793570215
932921
' 1, 723
62
452331
.077
.636
' 7, 677
317.0134.7
261.569. 7
199.756.3
48.145.140.9
431.9223.0386.7
20.45.2
178.8
27.548.165.6
132.941.0
41.435.240.939.7
15.4
9182
.437
10.0.465
2,132740
.378184
287
1,066439128
821808
' 2, 467
113
2903248
.076
.638
12, 279
' 296. 6' 119. 2
' 230. 8'74.8
' 179. 6'45.8
M5. 5'46.3'42.7
' 377. 1' 193. 8' 376. 0
'12.1'5.5
' 159. 2
'41.7'44.9'61.5
' 172. 017.5
'39.5'36.3
40.2'39.0
15.9
'5972
.480
17.4.498
5,0765,603
1,945699
.375
'285
25279
P2,935
66
4319613
.076
.630
15,633
273.0143.3
229.978.4
194.947.1
41.637.450.2
363.7185.6356.3
6.25.0
153.2
35.634.854.7
196.914.6
37.738.236.040.5
15.9
5561
.433
247
.077
' Revised. *> Preliminary.1 Beginning January 1968, data are not comparable with those for earlier periods; prices arebased on minimum 80 percent A oual'ty (instead of 60-79.9 percent as formerly). 2 Annualtotal reflects revisions not distributed to the monthly data. 3 Beginning July 1967, pricesbased on 1967 benchmark; 1967 average is for July-Dec, period. July 1967 price on old basis,$0.631.
O Cases of 30 dozen. cFBags of 132.276 lb. § Monthly data reflect cumulative revisionsfor prior periods. 9 Includes data not shown separately; see also note " §". AFor dataon lard, see p. S-28. ©Producers' and warehouse stocks. ^Factory and warehousestocks.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-30 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATEDPRODUCTS- Continued
Vegetable oils and related products— ContinuedCottonseed cake and meal:
Production thous. sh. tons..Stocks (at oil mills) , end of period do
Cottonseed oil:Production' Crude mil. Ib
Refined ._ do. _.Consumption in end products doStocks, crude and refined (factory and ware-
house) , end of period -. - _ -.mil. lb__Exports (crude and refined) doPrice, wholesale (drums; N.Y.) $ per lb._
Linseed oil:Production, crude (raw) mil. Ib _Consumption in end products _ .doStocks, crude and refined (factory and ware-
house) , end of period mil. IbPrice, wholesale (Minneapolis) __ _ _$pe r lb__
Soybean cake and meal:Production thous. sh. tons..Stocks (at oil mills) , end of period do
Soybean oil:Production: Crude - mil. Ib
Refined doConsumption in end products... doStocks, crude and refined (factory and ware-
house) end of period mil. IbExports (crude and refined) - _. doPrice wholesale (refined; N Y ) $ per Ib
TOBACCOLeaf:
Production (crop estimate) _ _ -.mil. lb._Stocks, dealers' and manufacturers' end of period
mil IbExports, incl scrap and stems thous. IbImports, incl. scrap and stems -- .do. _.
Manufactured:Consumption (withdrawals) :
Cigarettes (small):Tax-exempt - - .millions-Taxable do
Cigars (large) , taxable -- -doExports cigarettes millions
2, 381. 494.2
1, 674. 61,506.41, 258. 1
381.8184.0.178
454.2234.7
208.4.128
12, 614. 4120.0
5,811.25, 152. 05, 210. 2
510.9684.8.140
31,888
5,353551, 162179, 336
46, 112522, 532
7,07523, 453
1,564. 7146.7
1,108.31, 050. 8
'1,010.5
252.1»72.12.154
370.6••209.8
' 213. 3.129
13,359.2199.8
6,149. 95, 072. 8
r 5, 202. 7
'663.21912.3
.120
8 1,968
5,486571, 559
1197,109
48, 971527, 798
6,84623,652
196.8146.7
140.8123.785.1
252.13.4
.148
24.312.1
213.3.132
1,181.9199.8
525.7442.6432.7
'663.240.1.110
5,48668,82213, 892
3.90236, 593
4412,049
198.0161.8
143.8136.685.7
313.74.5
.148
27.614.6
222.7.132
1,191.7142.7
526.2429.1457.1
688.430.3.108
44, 29616, 337
3,48540, 982
5571,599
161.6168.1
114.1106.582.6
328.22.0
.154
28.517.9
223.0.132
1,132.6158.5
510.4457.7450.8
695.068.4.132
44, 79222, 179
4,04046, 362
5311,940
140.2170.6
99.1115.781.5
324.73.6
.158
25.815.0
219.3.132
1,124.1196.3
510.9431.9448.5
711.580.9.115
5,31228,80620, 361
4,14441,839
5361,490
107.8192.4
76.177.781.0
311.78.4
.160
23.417.3
216.2.132
1,028.9150.8
472.8424.2428.0
747.041.4.106
36, 93422,830
3,95440, 015
5692,298
73.8200.5
52.671.491.0
262.9.8
.185
24.317.9
205.0.132
1, 128. 2123.8
520.5447. 1448.1
745.648.0.107
43, 72716, 680
4,92347, 305
6412,244
47.8188,9
35.550.387.1
201.45.4
.183
23.218.3
200.9.132
1,098.9151.6
507.5425.2457.0
705.0119.2.098
4,85845, 61417, 824
4,65943,407
5352,455
39.1158. 0
27.434.462.4
158.37.4
.184
9.917.2
179.2.132
1,102.1136. 0
507.6392.6413.3
743. 246.2.092
43, 69618, 427
4, 78844, 093
5321,810
33.5127.4
22.929.463.0
118.7.8
.193
22.017.3
163.6.126
1,022.7100.5
477.6427 1444.9
695. 729.7.092
63,93918, 335
5, 24348, 947
6163,088
54.5107.6
39.630.059.2
98.73.3
.175
31.616.8
162.2.119
893.495.4
408.6444.4457.0
539.9124.2
.093
4,93773, 36616, 656
5,47044, 159
5583,329
231.5130.7
162.699.376.9
153.23.9
'35.417.3
164.7
1,257.3111.5
578.8446.7496.0
'541.467.2
38,78118,990
4,47850,083
6821,579
240.3145.4
r 167 7' 124. 8'68.9
' 213. 512.0
'29.914.1
'168.6
1,281.4' 112. 5
' 584. 1' 439. 5'442.1
'562.656.4
71, 32213, 874
4,35040,654
6022,089
228.1134.6
162 3128.271.9
275.89.5
25.011.8
158.0
1, 207. 1147.8
547.4472.3455.6
597.0111.5
* 1, 716
63,64315, 215
4,31235, 161
4002,589
LEATHER AND PRODUCTS
HIDES AND SKINSExports:
Value, total 9 thous. $Calf and kip skins thous skinsCattle hides thous hides
Imports:Value, total 9 thous $
Sheep and lamb skins thous piecesGoat and kid skins do
Prices, wholesale, f.o.b. shipping point:Calfskins, packer, heavy 9J4/15 Ib $ per IbHides, steer, heavy native over 53 Ib do
LEATHERProduction:
Calf and whole kip thous skinsCattle hide and side kip thous hides and kipsGoat and kid thous skinsSheep and lamb do
Exports:Upper and lining leather thous sq ft
Prices, wholesale, f.o.b. tannery:Sole, bends, light index, 1957-59=100Upper, chrome calf, B and C grades
index 1957-59 100
LEATHER MANUFACTURESShoes and slippers:
Production, total t thous pairsShoes, sandals, and play shoes, except athletic t
thous pairsSlipperst doAthletic J doOther footwear t do
Exports. ._ do
Prices, wholesale, f.o.b. factory:Men's and boys' oxfords, dress, elk or side
upper Goodyear welt index 1957-59—100Women's oxfords, elk side upp'er, Goodyear
welt index 1957 59—100W^ omen's pumps low-medium Quality do
155, 6232,582
14 307
88,99536 99810,331
.601
.177
4 72023 83013*37229,302
65 704
2 114. 5
105 5
641 696
537 68193 8237 2682 924
2,737
120 9
111 0121 2
127, 8932,626
11, 987
61,20036 0447,109
.460120
4 00823 3948 456
28,375
71 769
97 9
92 8
599, 964
495 38095* 620
6*9492 015
2,217
122 9
113 1125 8
8,476217837
4,5003 174
391
.500098
3471 978
6412,399
6 520
91 2
87 9
47,681
40 5866 337
580178
167
125 7
113 7129 9
15, 701208797
6,6002 330
614
.500093
3412 088
6962,664
6 732
90.5
86 3
56 644
47 6898 186
602167
144
125 7
113 7133 1
9,723211983
7,9003 413
734
.480
.093
3402 073
5392,691
7 633
90.5
88 2
55, 670
46 4188 443
628181
178
125 7
113 7132 3
4,850177
1 043
8,3004 037
418
.530120
3411 990
5202,762
7 417
90.5
89 0
58, 067
48 4578 760
654196
244
125 7
116 6132 4
9,644289902
8,2003 349
572
.480113
3982 073
5472,807
8 746
90.5
88 8
'56 075
'45 6649 535
683193
232
128 7
120 0133 2
10, 152238
1 022
8 7003 659
419
.500123
4362 181
5362,910
6 733
98.0
88 4
'56,299
'45 6019 875
619204
185
128 7
120 0132 9
9,281212
1 018
7,3003 034
483
.550
.113
3922 002
*4662,554
5 619
98.0
88 8
'49,924
'40 2818 809
641193
165
128 7
120 0133.1
8,753190816
7 2003 469
352
.550108
3591 616
4422,225
4 249
95.0
94 2
48,136
40 5047 072
428132
156
128 7
120 0133 0
11, 724111
1 302
5,9002 214
295
.575
. 110
3902 094
4962,821
5 777
95.0
94 2
57,460
46 7109 933
641176
193
128 7
120 0132.9
10, 937130
1 180
6,3002 359
344
.625
.114
3061 895
5732,560
5 220
96.5
95.9
51, 228
41 3879,057
626158
737
131.3
120.0135.5
13, 737163
1,235
5,2001,475
330
3202 201
7002,651
6 078
'59,385
'47 459'11 057
'697'172
213
13, 456158
1 185
3,700915369
3251 910
6782,443
7 853
49, 435
39 3159,304
661155
195
10, 721124
1,153
3,300658274
5 158
242
' Revised.1 Annual total reflects revisions not distributed to the monthly data.2 Average for 11 months. 3 Crop estimate for the year. 4 December 1 estimate of 1968
crop.
9 Includes data for items not shown separately.J Revisions for Jan. 1965-July 1967 will be shown later.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February I960 SURVEY OF CUKKENT BUSINESS S-31
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
•1969
Jan.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:Production, total mil. bd. ft._
Hard woods do _Softwoods _ do _-
Shipments, total _ _.do ._Hardwoods _ _ _ _ _ _ d oSoftwoods do
Stocks (gross) , mill, end of period, total doHardwoods do .Softwoods _ do
Exports total sawmill products. _ _ __ do ___Imports, total sawmill products do
SOFTWOODS
Douglas fir:Orders, new mil. bd. f t -_Orders, unfilled, end of period do
Production doShipments do _Stocks (gross), mill, end of period do_ _.
Exports, total sawmill products _. do __Sawed timber doBoards, 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.
$perM bd. f t_ .
Southern pine:Orders, new mil. bd. ftOrders, unfilled, end of period do
Production doShipments.. __ do _ _Stocks (gross), mill and concentration yards, end
of period ...mil. bd. f t_.
Exports, total sawmill products M bd. f t_.
Prices, wholesale, (indexes):Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100-Flooring, B and better, F. G., I" x 4", S. L.
1957-59= 100. _
Western pine:Orders, new _ mil. bd. ft _Orders unfilled, end of period do
Production do ._Shipments do
Stocks (gross) , mill, end of period doPrice, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over) $ per M bd. ft
HARDWOOD FLOORING
Oak:Orders, new. mil. bd. ft..Orders, unfilled, end of period do
Production doShipments. doStocks (gross), mill, end of period do
36,5847,737
28,847
36, 8108,242
28,568
5,7371,0694,668
1,0095,120
8,315486
8,4368,4501,040
401110290
85.62
165.87
6,374274
6,6096,466
1,230
99,202
105.1
106.2
10, 510427
10, 55210, 618
1,666
69.39
618.126.0
685.6654.458.3
35, 2757,401
27,374
35, 7777,603
28,174
5,7441,3774,368
1,1124,987
8,222579
8,0467,840
957
388113275
85.54
169. 99
6,381307
6,4156,348
1,297
87,436
103.4
106.0
10,531557
10, 18010, 401
1,445
71.95
547.020.1
551.2552.257.9
2,595536
2,059
2,772634
2,138
5,7441,3774,368
95256
718579
584641957
321022
90.43
165.24
500307
509470
1,297
7,229
107.0
107.4
848557
744795
1,445
71.94
36.120.1
37.137.357.9
2,711481
2,230
2,700581
2,119
5,7891,3324,457
100407
710620
724669
1,012
369
27
95.75
165.24
522328
519501
1,315
8,674
108.9
108.7
756607
714706
1,453
70.78
42.020.5
41.140.658.4
2,845504
2,341
2,980637
2,343
5,6901,2524,438
108418
808725
726703
1,035
329
23
98.62
164.54
579356
521551
1,285
6,965
111.2
109.2
869659
801817
1,437
71.86
50.326.4
40.343.153.9
3,137581
2,556
3,252710
2,542
5,6321,1834,449
107407
783755
762753
1,044
391425
105.88
165. 24
586358
568584
1,269
7,428
114.0
110.7
880642
920897
1,460
75.90
44.627.3
41.143.751.3
3,278602
2,676
3,414686
2,728
5,5041,1154,389
110476
758727
801786
1,059
431033
103. 56
164.71
620388
575590
1,254
6,716
116.0
111.6
1,040666
9681,016
1,412
87.26
39.225.8
41.640.552.4
3,281596
2,685
3,426666
2,760
5,3801,0514,329
104439
724651
799800
1,058
349
25
103.84
163. 31
598356
591630
1,215
9,658
117.7
112.7
920582
9831,004
1,391
92.16
41.221.4
43.444.351.0
3,108630
2,478
3,196654
2,542
5,3221,0414,281
81517
858734
747775
1,030
317
24
104.66
163.31
562368
548550
1,213
6,529
118.6
112.7
939624
888897
1,382
88.72
34."18.9
38.237.249.2
3,140592
2,548
3,253608
2,645
5,2791,0384,241
100610
795752
716777969
361026
108.46
163.31
596375
590589
1,214
7,649
119.5
113.7
994640
955978
1,359
87.67
39.219.1
33.438.244.0
3,211611
2,600
3,312621
2,691
5,1941,0344,160
94560
666645
723773919
328
24
111. 01
163.31
596367
579604
1,189
7,538
120.8
114.5
946608
988978
1,369
89.03
45.120.7
38.343.038.5
3,183582
2,601
3,194637
2,557
5,196995
4,201
81526
790742
721693947
296
23
112. 36
165.94
621390
559598
1,150
7,790
121.8
114.7
985616
1,015977
1,407
89.99
47.025.6
34.640.530.5
3,364605
2,759
3,434637
2,797
5,094975
4,119
90685
726662
774806915
317
24
647369
645668
1,127
5,536
1,006615
1,0031,008
1,402
45.326.1
41.444.827.1
2,970614
2,356
3,041687
2,354
5,030934
4,096
82519
674657
671679907
276
21
629391
596607
1,116
5,222
789600
804804
1,402
36.225.7
34.436.125.3
2,813509
2,304
2,787575
2,212
5,086914
4,172
84524
755822
638590955
336
27
589422
579558
1,137
10,772
757539
812818
1,396
32.123.9
31.433.023.5
METALS AND MANUFACTURES
IRON AND STEELExports:
Steel mill products thous. sh. tonsScrap.. _ _ doPig iron _. do
Imports:Steel mill products doScrap doPig iron _ do
Iron and Steel Scrap
Production thous sh tonsReceipts _ doConsumption doStocks, consumers', end of period do
Prices, steel scrap, No. 1 heavy melting:Composite (5 markets) $ per Ig ton
Pittsburgh district do._I~
1,7245, 857
12
10, 753464
1,252
55,46336, 67191, 5838,188
29.9531.00
1,6857,635
7
11,455286
2631
52,3122 32, 654
85, 3617,793
3 27. 5127.00
127353
(0
1,0132878
4,6003,6297,6927,793
28.6530.00
141485
(0
1,1023414
4,7623,3917,7957,546
30.0733.00
104355
1
1,0582614
4,7023,7097,7777,672
30.3234.00
110527
1
1,2412764
5,0173,7998,2327,772
28.1731.00
137420
1
1,4803031
5,0093,5688,0247,889
26.3028.50
132502
1
1,7703663
5,2593,7468,3428,113
24.4826.00
120501
1
1,5073171
4.7853,4117,5778,225
22.8524.00
142479
1
1,5053081
4,7303,0227,1288,385
22,5924.00
176624
1
2,1381692
3,8302,5605,9348,414
22.4024.00
269764
1
1,69817
124
23.0125.00
207539
1
1,4852499
306801
2
1,5501972
327576
1
1,4253873
r Revised. * Preliminary. 1 Less than 500 tons. 2 Annual total reflects revisionsnot distributed to the monthly data. 3 For Feb.-Dec. 1967.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-32 SURVEY OF CUKEENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):Mine production thous Ig tonsShipments from mines doImports do
U.S. and foreign ores and ore agglomerates:Receipts at iron and steel plants doConsumption at iron and steel plants doExports do
Stocks, total, end of period doAt mines doAt furnace yards doAt U S docks do
Manganese (mn content) general imports do
Pig Iron and Iron Products
Pig iron:Production (excluding production of ferroalloys)
thous. sh. tons_.Consumption doStocks (consumers' and suppliers'), end of period
thous. sh. tons_-Prices:
Composite $ per Ig. ton..Basic (furnace) doFoundry, No. 2, Northern do
Castings, gray iron:Orders, unfilled, for sale, end of period
thous. sh. tons_-Shipments total do
For sale doCastings, malleable iron:
Orders, unfilled, for sale, end of periodthous. sh. tons- _
Shipments total doFor sale do
Steel, Raw and Semifinished
Steel (raw):Production thous. sh. tons
Index daily average 1957-59=100Steel castings:
Orders, unfilled, for sale, end of periodthous. sh. tons__
Shipments, total doFor sale, total do
Steel Mill Products
Steel products, net shipments:Total (all grades) thous. sh. tons__By product:
Semifinished products doStructural shapes (heavy), steel piling doPlates doRails and accessories do
Bars and tool steel, total doBars: Hot rolled (incl. light shapes) do
Reinforcing doCold finished do
Pipe and tubing doWire and wire products doTin mill products doSheets and strip (incl. electrical), total-. .do
Sheets: Hot rolled doCold rolled do
By market (quarterly shipments) :Service centers and distributors doConstruction, incl. maintenance doContractors' products doAutomotive do
Rail transportation doMachinery, industrial equip tools doContainers, packaging, ship, materials... doOther do
Steel mill products, inventories, end of period:Consumers' (manufacturers only) _ -mil. sh. tons,.
Receipts during period doConsumption during period do
Service centers (warehouses) doProducing mills:
In process (ingots, semifinished, etc.) doFinished (sheets, plates, bars, pipe, etc.) -do
Steel (carbon), finished, composite price $ per lb_.
' Revised . p Preliminary. i Revised total; m<
' 1 90,147i 90, 824
46, 259
128, 225127, 694
7,779
69, 52512,16054, 6582,707
1,293
191,50091, 770
2,962
62.7463.0063.50
96215, 7168,927
1821,133
688
1 134,101138.1
5902,1551,792
189,995
3,8066,7649,1031,776
14, 5239,1263,2761,9999,2333,4955,828
35, 46810, 13715, 972
i 16, 400111,862i 4, 969
i 17, 984
14,332i 5, 747i 6, 597
i 22, 104
10.165.167.9
5.4
9.89.2
mthly rev
1 84, 179'183,016
i 44, 627
119,435118, 982
5,944
71,23813, 13055, 1212,987
1,086
1 86,98487, 371
2,842
62.7063.0063.50
91314, 3298,128
1201,040
615
1127,213131.0
2931,8571,554
183,897
4,0616,1337,9481,434
13,0537,9613,2491,7338,9693,1336,591
32, 5749,312
14,709
i 14, 8631 11, 375
i 4, 582i 16, 488
i 3, 225i 4, 994i 7, 255
1 21, 115
9.162.563.5
5.6
12.59.6
isions are
4,8313,2933,328
6,99511,220
342
71, 11613, 00855, 1212,987
97
8,1828,231
2,842
62.7063.0063.50
9131,212
662
1208647
11,953144.9
293150125
7,003
376493680109
1,044672236128662225427
2,986823
1.435
3,8642,7221,1684,774
7021,2751,5175,470
9.15.45.5
5.6
12.59.6
.0860
not avail
5,2892,0092,390
3,69311, 251
346
66, 53216,28847, 5272,717
108
8,0978,285
2,677
62.7063.0063.50
9121,186
650
1219153
12,015145.6
336159127
7,758
380495759127
1,138749218161730267573
3,290947
1,573
9.66.15.6
5.5
12.310.1
able.
5,1822,0351,725
3,67410, 746
321
62, 14319, 43540, 4552,253
87
7,8418,139
2,523
62.7063.0063.50
9791,283
693
1228542
11, 795152.8
318154126
7,901
380525752139
1,155757228161851282509
3,307971
1,587
10.16.05.5
5.5
12.010.4
2 For mo
5,4762,1402,031
3,92011, 562
385
57,28722, 77132, 8131,703
116
8,4768,658
2,425
62.7063.0063.50
1,0101,360
770
1239148
12,721154.2
307157128
8,752
422562843143
1,296857259170957314582
3,6331,0491,681
4,1103,1111,2335,650
8711 5571,8735,987
10.56.25.8
5.4
11.710.5
nth shov
6,6976,8812,859
8,78711,457
625
54, 32322, 58630, 130
1,607
82
8,4438,568
2,439
62.7063.0063.50
1,0261,352
802
1179450
12,450155.9
300153125
9,035
439586840140
1,303842279173
1,175345654
3,552986
1,667
11.46.75.8
6.0
11.510.1
.0865
m.
9,49211,2105,243
15, 43711, 770
570
56, 11320, 86633, 798
1,449
72
8,7068,650
2,514
62.7063.0063.50
1,0311,455
835
11210255
12,700153.9
283155125
9,718
439648882152
1,443919333181
1,113358842
3,8421,0931,778
12.27.26.4
5.8
10.610.0
9,58211, 0754,650
15, 18911^152
458
58, 70819, 37437,880
1,454
68
8,2448,220
2,549
62.7063.0063.50
9861,291
774
1139148
11,906149.1
262144118
9,492
433627858138
1,348875288177
1,077343882
3,7861,0891,726
4 8113 8491 5706,108
8981,7302,5946,685
13.16.96.0
5.7
10.19.0
9,45911,7374,591
15, 32511,012
500
61, 05417,09542, 195
1,764
61
8,0217,957
2, 641
62. 7063.0063.50
9651, 144
703
1207944
11, 452138.8
280129109
10, 368
530671926165
1, 521963376173
1,113361960
4, 1211,2641, 830
15.07.05.1
5.9
9.17.0
9,09810, 4114,555
13, 9158,519
493
65,41315, 78247, 5912,040
92
6,3336,376
2,644
62.7063.0063.50
9091,184
723
1227946
8,956108.6
279129109
5,263
25437051363
887477279123666205320
1,984616787
14.75.05.3
'6.4
9.87.7
8,5148,7605,082
12,9047,343
593
71, 11315, 53653, 1532,424
103
5,481
62.7063.0063.50
8991,223
747
1318849
8,086101.3
289135116
5,215
291385457
72
818444251116520210544
1,919530789
3,7483,0301,1713,962
5931,1741,9497,168
13.34.35.7
6.1
9.67.9
.0900
6,9188,4184,742
12, 2007,798
698
74,49114,23057, 5542,707
28
5,916
62.70
'8861,307
768
11610256
9,006109.2
331141119
6,316
350438540110
965551267137600252770
2,293685943
2 1, 10427372336
2 1, 128
221523322773
2 1, 691
12.05.26.5
'5.9
9.38.0
.0897
5,2555,9293,114
7,7378,358
522
73, 29613, 55656,9342,806
52
6,218
62.70
8851,190
667
1308746
9,590120.1
331130111
6,007
479428523
99
937559239131626239334
2,343723985
2 1, 07827272311
2 1, 199
223523352349
2 1, 773
'11.04.7
'5.7
p 5.9
9.5'8.3
. 0871
2,958
5,7999,483
426
53, 2322,797
83
7,020
10,421126.3
6,320
497421544118
904547221126657222310
2,649941
1,054
21,09028192306
2 1, 334
225323522371
2 1, 796
p 10.4p 4.6p 5.2
p 10.0P 8.8
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1969 SURVEY OF CURRENT BUSINESS S-33
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. 1 Apr.I
May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:Production, primary (dom. and foreign ores)
thous. sh. tonsRecovery from scrap (aluminum content) do
Imports (general):M^etal and alloys crude doPlates sheets etc do
Exports metal and alloys, crude do _ _
Stocks, primary (at reduction plants), end ofperiod thous sh tons
Price, primary ingot, 99.5% minimum.. .$ per lb..
Aluminum shipments:Ingot and mill products (net) mil. Ib
Mi ill products total doPlate and sheet (excluding foil) do
Castings^ do
Copper:Production:
Mine recoverable copper thous. sh. tonsRefinery, primary do _
From domestic ores doFrom foreign ores do
Secondary recovered as refined do
Imports (general) :Refined, unrefined, scrap (copper cont.) do
Refined do _Exports:
Refined and scrap doRefined do
Consumption, refined (by mills, etc.) doStocks, refined, end of period do
Fabricators' doPrice bars electrolytic (N Y ) $ per Ib
Copper-base mill and foundry products, shipments(quarterly total) :
Copper mill (brass mill) products mil IbCopper wire mill products (copper cont ) doBrass and bronze foundry products do
Lead: AProduction:
Mine, recoverable lead thous sh tonsRecovered from scrap (lead cont.) do
Imports (general), ore (lead cont.), metal doConsumption, total _ _ . _ do
Stocks, end of period:Producers', ore, base bullion, and in process
(lead content), ABMS thous. sh. tonsRefiners' (primary), refined and antimonial
(lead content) thous. sh. tons--Consumers' (lead content) cf doScrap (lead-base, purchased), all smelters
(gross weight) thous sh tonsPrice, common grade (N.Y.) $ perlb__
Tin:AImports (for consumption) :
Ore (tin content) _ Ig. tonsBars, pigs, etc do
Recovery from scrap, total (tin cont.) doAs metal. - _ _ _ do
Consumption, pig, total... doPrimary _ do
Exports, incl. reexports (metal) doStocks, pig (industrial), end of period.- --.do -Price, pig, Straits (N.Y.), prompt $ perlb-_
Zinc:AMine production, recoverable zinc
thous. sh. tons _Imports (general):
Ores (zinc content). __ _ doMetal (slab, blocks) do___ .
Consumption (recoverable zinc content):Ores _ doScrap, all types _ _ _ _ _ do -
Slab zinc:Production (primary smelter), from domestic
and foreign ores thous. sh. tons -Secondary (redistilled) production doConsumption, fabricators' _ doExports. _ _ . doStocks, end of period:
Producers', at smelter (AZI)O.-- . _ do __Consumers' do
Price, Prime Western (East St. Louis).$ per i b _ _
2, 968. 41831 6
521.8119.1188.2
74.8.2450
8,797.66,457.52,936.71,639.9
1,429.21,711.01,353.1
357.9472.0
596.7162.7
334. 7273.1
2, 382. 0240.0174.0.3617
3,3262,4941,007
327.4i 572. 8
431.311,323. 9
142.2
<22.64 90. 34 52. 8.1512
2 4, 37241,624
1 25, 3491 3, 23885, 48660,209
3,06922, 6871.6402
572.6
521.3277.4
i 126. 71 269. 6
1, 025. 1183.3
1,410.21.4
64.8129.6.1450
3,269.3i 820. 0
450.556.3
209.0
208.0.2498
8,836.96,350 6
2, 868. 11, 534. 7
954.11, 133. 0
846.6286.4394.5
644.1328.3
241.8159.4
1,948.2169.5114.1
s 3823
2, 5952,360
966
316.91553.8
488.41, 260. 5
160.24 23. 4
4 105. 84 58 0.1400
3,25549, 924122,66713,17680,64657, 856
2,50918, 6621. 5340
549.4
534.1221. 4
!114 31240 9
1938.8173.5
1,236.816 8
81.9102 5.1384
282.766.0
45.73.4
11.1
208.0.2500
747.2507.4234.2127.9
23.918.1
23.3
64.447.5
10.42.0
121.4169.5114.1
596579244
24.846.6
33.6105.6
160.2
23.6100.7
53.6.1400
4674,7751,625
2906,2654,655
3618, 6621. 5259
41.5
32.819.0
8.918.1
71.66.0
100.7.1
84.397.4
.1350
285.373.0
54.64.7
13.3
213.0.2500
816.0583.3280.3137.0
22.917.7
21.2
99.578.3
9.42.5
109.8169.5107.6
22.447.3
43.9108.8
166.1
17.288.1
57.5.1400
05,4731,720
2757,0105,160
19017,9651. 4788
42.8
50.329.3
10.420.1
69.66.1
112.2.6
73.493.7
.1350
267.172.0
44.74.1
13.7
187.7.2500
796.1593.9282.4139.4
28.016.1
24.9
86.374.1
12.61.1
96.4159.2100.9
22.349.6
39.3105.1
158.8
14.086.1
58.2.1400
7845,1451,616
2416,7754,965
30317, 5151. 4563
42.1
33.730.8
8.818.9
64.55.8
104.05 7
66.494.2
.1350
288.378.0
89.64.4
12.3
161.2.2500
937.9649.4313.2137.6
41.029.2
37.8
88.474.3
17.22.2
107.8172 A103.8
624567257
22.051.2
43.8106.2
156.8
13.299.4
58.9.1400
493,8951,655
2457,0104 925
96918, 3851. 4562
41.7
47.835.8
8.619.1
68.16.1
108.26 3
62.989 9
.1350
280.378.0
69.65.4
15.5
113.4.2500
957.0688.5348.7132.7
121.396.0
36.4
111.573.5
19.45.4
162.3183.2129.9.4219
25.348.9
38.7107.1
153.9
15.5105.2
56 8.1400
4174,9282,015
2257,2855 115
19718. 9101. 4521
43.7
30.231.1
8 819.8
85.06.0
110.711 6
64.893 3
.1350
289.081.0
58.45.3
15.4
97.4.2500
1,069.6797.7414.6138.8
125.5139.0111.827.244.7
56.933.5
29.819.8
172.9205.6139.4.4207
28.747.8
37.8112.1
147.5
18.2106.9
50 6.1304
03,6672,315
2807,6855,295
88818, 4801. 4330
45.3
43.524.0
10 119 7
95.56.4
120 72 5
65.488 0
.1350
218.568.0
74.44.7
13.4
109.3.2585
695.4489.0209.5121.6
123.9150.5121.429.138.1
50.524.2
37.030.4
195.4190.2132.14210
675595250
26.542.2
30.3104.8
148.6
21.0102.5
50 9.1300
7025 0882,040
2357,0905 085
24716, 5201.4165
44.5
45 017 2
9 820 5
92.45.5
115 21 0
70.484 7
.1350
226.061.0
61.25.9
11.9
114.2.2600
696.6516.4227.8101.2
122 A158.4129.828 633.5
27.98.4
40.431.3
130.0219.2166.14171
28.837.5
35.893.3
r 152 8
29.4116.1
55 5.1270
4583,561
'1,765235
6,3054 540
10916,9451. 4148
43.3
50 820.2
9 219 7
87.15.8
104 7I
78 889 1
.1350
246.570.0
40.37.1
13.1
91.2.2600
750.6550.4253.1120.5
127.9168.8136.931.931.4
53.113.3
42.931.8
168.8214.8159.64170
31.044.6
27.6110.1
r 155. 2
29.6105.1
53 1.1250
7713,8681,770
2556 2704 290
8415,6801. 4185
47.0
53.922.9
9 519 4
87.86.1
104.7R
84.485 2
.1350
269.069.0
52.5'4.620.4
93.9.2600
780.5564.6256.0125.4
120.5153.4128.624 832.0
43.08.2
52.639 9
p 187. 8P199.8p 148. 9
4172
688559222
29 346 4
36 7113 5
r 157 7
22 3100 8
50 9.1250
o6 8472 060
2506 6604 650
21118 1451.4804
44.4
51 114 9
10 919 9
86.77 0
108 82 3
82 278 9
.1350
293.478.0
49.75.3
16.7
99.2.2600
r 840. 6r 626. 5' 285. 6
145.8
127.8181.0151.030 032.6
29.85.5
35.025 4
p 203. 7p 175 2p 130.9
4171
42 150.4
30.3130.6
' 157 1
19.584 0
50 1.1279
04 3592,165
2457,5105 070
56416,3601. 5107
44.2
41 124.4
10 719 8
89.56.3
123 71 6
70 3r 74 0.1350
291.676.0
38.4C5.518.1
99.4.2600
833.7602.9276.7135.0
122.9165.2139 425.933.7
35.57.2
35.228.1
p 179. 6p 165. 2P112.7
4171
37.948.0
32.3115.4
r 153 2
15.283 8
48 1.1300
06 302
6 4954 555
80516 2701. 6214
43.9
54 923 6
11 419 9
91.96 5
116 7(3\
67 673 Q
.1350
51.84.7
16.4
.2600
123.9162.0131.530 534.7
34.54.7
29.223 0
p 161.4p 173 2p 116.6
4171
28 1
146 8
.1300
854 226
460
1.6346
44 131 2
1 3
67 4
.1350
.2655
4350
.1341
1. 6250
.1384r Revised. * Preliminary. 1 Annual total; monthly revisions are not available.'* Total for 11 months. 3 Less than 50 tons. 4 Reported yearend stocks. See BUSINESS
STATISTICS note. s Jan.-Aug. average. c Corrected.HEffective 1966, estimates are derived from a new sample and are not directly comparable
with earlier data; see note in Feb. 1967 SURVEY.
AData reflect sales from the Government stockpile.cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.O Producers' stocks elsewhere, end of Jan. 1969, 12,300 tons.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-34 SUKVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriotive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
- ~ -"- •- - - — —1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments:Cast-iron _ mil. sq. ft. radiation..Nonferrous do
Oil burners:Shipments thousStocks end of period do
Ranges, gas, domestic cooking (incl. free-standing,set-in, high-oven ranges, and built-in ovenbroilers), shipments thous
Top burner sections (4-burner equiv ) , ship do
Stoves, domestic heating, shipments, total- do -Gas do
Warm-air furnaces (forced-air and gravity air-flow),shipments total thous
Gas doWater heaters gas shipments do
MACHINERY AND EQUIPMENT
Foundry equipment (new), new orders, netmo avg shipments 1957-59—100
Furnaces (industrial) and ovens, etc., new orders(domestic), net mil. $
Electric processing doFuel-fired (exc for hot rolling steel) do
Material handling equipment (industrial):Orders (new) index seas adjl 1957 59 — 100
Industrial trucks (electric), shipments:Hand (motorized) numberRider-tvpe do
Industrial trucks and tractors (internal combustionengines) shipments number
Machine tools:Metal cutting type tools:f
Orders, new (net), total mil $Domestic do
Shipments, total doDomestic do
Order backlog, end of period do
Metal forming type tools* t
Domestic doShipments, total do
Domestic doOrder backlog, end of period do
Other machinery and equip., qtrly. shipments:Tractors used in construction:
Tracklaying total mil $Wheel (contractors' off-highway) doTractor shovel loaders (integral units only),
wheel and tracklaying types mil $Tractors, wheel (excl. garden and contractors'
off-highway types) mil $Farm machines and equipment (selected types),
excl tractors mil $
ELECTRICAL EQUIPMENT
Household electrical appliances:Ranges, incl. built-ins, shipments (manufac-
Refrigerators and home freezers, output1957 59 100
Vacuum cleaners sales billed thousWashers, sales (dom. and export)! ._ . do -Driers (gas and electric), sales (domestic and
export) . _ _ _ _ thous
Radio sets, production© doTelevision sets (incl. combination), prod.O do ..Electron tubes and semiconductors (excl. receiving,
power and spec purpose tubes) sales mil $Motors and generators:
New orders, index qtrly 1947-49—100New orders (gross) :
Polyphase induction motors 1 200 hp mil $D C motors and generators 1 200 ho do
19.7290.4
i 559. 5344.1
'12,114.5234.1
1 1,482. 31, 033. 8
'i 1,527.8'11,212.92 488 9
279.9
179.323.995.9
206 1
10, 39012, 404
47, 043
1,629.901,483.101,221.751,097.50
1 , 306. 7
445 72401.35463.45436. 85394 4
i 476 0183 6
1412 9
1 005 9
1 220 6
32 124
9 098 fl
163 05 582 74, 446. 5
2 360 8
23 59512,402
1868 3
239
e 113 351 3
'19.884.8
'1513.2' 3 53. 9
'12,084. 5194.3
'11,346.8' i 920. 0
'il, 448. 7'11,145.72 602 3
300.5
140.7112.3171.6
197 9
11, 13312, 174
41,996
1, 134. 951, 024. 651, 353. 201 211 051,088.5
286 65248 15452. 75406.90228 3
i 377 87 92 8
i 7407 0
i 986 2
1 203 5
32 061
1 QftQ 7
145 85 677 44, 376. 0
2,642 3
21, 69810,881
712 0
2056 97 6
47 5
.56.4
46.527.3
181.914.5
67.544.7
113.293.5
240.8
284.9
11.0.5
7.1
186.7
9121,086
3,406
88.3580.15
137. 40121. 401, 088. 5
33 2527.2039.4535.15228.3
78 820 2
91 9
204 9
215 6
3 179
173 5
139 6477 4292.9
256. 15 2,278
3 1, 066
59 9
1886 6 83 C
.58.0
47.132.4
164.813.8
76.444.5
108.388.7
252.6
270.1
10.2.8
7.1
189 6
941992
3,418
75.5064.20
102.8591.45
1,061.1
21 8520.4531,5025.20218.6
3 852
191 6
147 0505 0347.2
247.4
1,463798
58 3
6 6 93 8
.67.3
51.530.2
173.214.7
60.333.0
108.789.5
236.0
275.2
12.7.7
9.6
189 1
819971
3,367
85.8074.60
114.90104.651, 032.0
23 7522 5029.3027.55213 1
2 736
IRQ 8
17K 1
497 8376.4
228 2
1 787919
CfS 1
8 7 54 1
.77.7
42.232.1
201.118.1
79.548.9
125.0103.1210.4
380.5
4.4.5
1.1
243.7
8231,168
3,746
94.1584.90
139. 75125. 40986.4
22 8020.4032.1527.95203.7
89.611.5
105 6
273.5
376 5
2 215
187 9
164 1565 1377.4
200.25 2, 1345 1,114
61 7
207
o 7 53 6
.45.5
51.333.2
175.917.2
85.853.7
122.0102.0241.5
210.4
9.3.9
5.6
242.8
8191,016
3,559
90.1078.40
105. 9089.35970.6
19 7017.0528.1524.90195.3
2 119
183 6
177 6471 8324.5
155.8
1,549818
57 8
6 8 14 6
.35.5
43.036.4
188.518.8
100.573.2
114.094.2
216.8
196.2
10.4.9
4.6
227.1
869980
3,279
93.3086.15
121. 30109.60942.6
22 5018.1529.1025.50188.7
1 809
196 3
156 1464 6330.2
142.8
1,682905
59 4
6 8 74 4
.46.5
55.834.2
192.519.7
98.677.0
127.2102.8209.5
197.3
8.5.8
4.0
184 7
1,0001,019
3,824
97.7581.85127.60114.90912.8
28 8025.7034.3028.55183.2
146 221.1
133 6
266 3
'341 7
2 101
187 5
188 6490 9412.0
176.052.009s 1, 105
57 0
203
67 93 5
.44.9
43.335.3
153.714.8
129.4102.1
139.9114, 1193.2
406. 6
7.7.9
3.9
272. 0
8451,139
3, 770
105. 6594.95
100.0591.35918.4
29.7527.3026.9523.50186. 0
2 450
189 1
165 6515.2374. 3
194.8
1,272651
47 5
5 7 94 7
.58.6
63.735.1
191.517.8
139.4105.4
149.6113.3218.1
247.8
9.7.7
2.8
198.8
907807
3,093
79.7574.9588.9582.40909.2
26 7523. 4032.9030.40179.9
3 144
180 9
114 1551 1431.3
275.5
1,875876
57 3
«8 14 0
.8
73.728.4
211.219.5
174.9125.1
183.1137.2209.4
177.4
8.2.8
4.3
222.2
8911,007
3,600
71.0562.30
115.55109.15864.7
22 7520.9026.9024.95175.7
120.319.3
125 3
178.6
268.1
3 646
170 5
182 2642 6445.1
318.7
5 2, 4155 1, 237
59 5
2086 8 9
4 4
.711.2
82.627.3
217.018 4
' 197. 7' 144. 4
' 230. 4' 177. 3
282.7
219.1
13.11.09.0
218.8
1,0551,089
4,123
78.5570.45
107. 75100.90835.5
56 3554.1032.9029.15199.2
4 48. 2
4 96. 2
4 054
232 5
191 3682 1455.9
375.7
1,9501,156
60 4
6 9.04 8
.57.7
68.327.0
199.5
143.7108.7
174.7134.9230.0
307.0
9.21.74.0
9391,028
3,473
' 97. 60'88.60
'103.55' 96. 50' 829. 6
'80 20' 76. 70' 26. 50' 23. 05' 252. 9
4 34. 8
4 58. 7
r 3, 405
201 7
166.3
344.8
' 289. 2
1,9821,063
55.8
67 .23 7
355 6
8.01.04.6
108.1096.05
131. 10123. 45806.6
32 7031.1537.6033.30248.0
3,375
194 1
159 7
298.7
257.6
8 2, 449U,150
59.0
205
68.93.9
355.5
274.4
1,762960
PETROLEUM, COAL, AND PRODUCTS
COALAnthracite:
Production thous. sh. tons..Exports doPrice, wholesale, chestnut, f.o.b. car at mine
$ persh. ton..Bituminous:
Production thous. sh. tons..
12, 256595
12, 941766
12. 824
533,881 !'552,626
99648
13. 825
43,302
89728
13. 825
45, 180
89425
13. 867
43, 830r Revised. i Revised total; monthly revisions are not available. 2 Total for 11 months.
3 Reported year-end stocks. See BUSINESS STATISTICS. * For month shown. 5 Data cover5 weeks; other periods, 4 weeks. » Excludes orders for motors 1-20 hp.; domestic sales ofthis class in 1967 totaled $110.5 mil.; Dec. 1968, $8.6 mil. * Effective 1st quarter 1967, tractorshovel loaders include types not previously covered and off-highway wheel tractors excludetypes previously covered. » Data cover 6 weeks.
99417
13. 867
47,510
1,16439
13. 867
47, 730
91833
13. 125
48, 830
92668
13. 125
40, 690
85349
13.475
42,300
1,01647
13. 475
1,02175
13. 825
47,300
1,00048
37, 540
96053
98837
•44,380 i 44,985
917
45,90549,540HData (back to Jan. 1965) reflect revisions and new seasonal adjustment factors.tRevised series. Monthly data for 1956-66 are on p. 35 ff. of the Mar. 1968 SURVEY.i Revised to include combination washer-driers.O Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1860 SURVEY OF CURRENT BUSINESS S-35
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL — Continued
Bituminous — ContinuedIndustrial consumption and retail deliveries,
total 9 - thous. sh. tonsElectric power utilities doMfg. and mining industries, total. do
Coke plants (oven and beehive) do
Retail deliveries to other consumers do
Stocks, industrial and retail dealers', end of period,total thous sh tons
Electric power utilities doMfg. and mining industries, total do _
Oven-coke plants _ do. _ _
Retail dealers _ _ _ _ _ _ d o
Exports _ doPrices, wholesale:
Screenings, indust. use, f.o.b. mine$per sh. ton__
Domestic, large sizes, f.o.b. mine do
COKEProduction:
Beehive ... thous. sh. tons..Oven (byproduct) _ _ doPetroleum coke§ _ do _ . _
Stocks, end of period:Oven-coke plants, total . do__ _
At furnace plants doAt merchant plants . _ do. _
Petroleum coke doExports do
PETROLEUM AND PRODUCTS
Crude petroleum:Oil wells completed ... number..Price at wells (Okla.-Kansas) $ per bbl__Runs to stills. _ _ mil. bbl._Refinery operating ratio % of capacity. .
All oils, supply, demand, and stocks:New supply, total. mil. bbl
Production:Crude petroleum doNatural-gas liquids, etc do
[m ports:Crude petroleum _ _ doRefined products _ do
Change in stocks, all oils (decrease,—) do ._.
Demand, total d o _ _ _Exports:
Crude petroleum. doRefined products _ do. .
Domestic demand, total 9 doGasoline.. _ _ do .Kerosene do
Distillate fuel oil do.___Residual fuel oil doJet fuel do
Lubricants doAsphalt _ _ doLiquefied gases ___ ._ do
Stocks, end of period, total 1 doCrude petroleum _ _ _ _ _ d oUnfinished oils, natural gasoline, etc doFinished products. . do
Refined petroleum products:Gasoline (incl. aviation):
Production doExports _ __ doStocks, end of period do
Prices (excl. aviation):Wholesale, ref. (Okla., group 3) $ per gal. .Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.) $ per galAviation gasoline:
Production _ mil. bblExports _ doStocks, end of period do
Kerosene:Production doStocks, end of period doPrice, wholesale, bulk lots (N.Y. Harbor)
$ per gal. .r Revised.1 Annual total reflects revisions not distributed to t
this page. s Less than 50 thousand barrels.f Beginning 1967, data reflect change in reporting
natural gasoline, plant condensate, and isopentane as
486, 266264, 202201,49095,892
19,965
74, 46652, 89521, 3329,206
239
49, 302
4.9526.971
1,44265, 95917, 611
3,0782,863
2151,4591,102
16, 7802.93
3,447.291
4,435.6
3,027. 8468.7
447.1492.0
38.1
4, 397. 5
1.570.9
4, 325. 11, 793. 4
101.1
797.4626.4244.4
48.9134.1323.9
874.5238.4
1, 792. 63.8
194.2
.114
.216
41.23.47.8
102.125.0
.104
he month
to showone item
480, 255271, 784190,90592, 111
17,099
93, 12869, 73723, 21210,940
179
49, 510
5.2176.795
'806r 63, 775
18, 187
5,4674,961
5061,364
710
••115,3293.02
3, 582. 693
'4,656.3
'3,215.7514.5
411.6' 514. 3
63.0
'4,593.3
26.5'85.5
4, 481. 21, 842. 7
100.1
' 818. 2' 651. 9
300.8
'44.1' 131. 1' 344. 5
2944.1249.0296.0
2 599. 2
1, 845. 84.9
208.0
.117
.226
37.14.07.9
100.425.4
.110
ly data.
all stockand stoc
44, 03524,63117,2478,165
2,148
93, 12869, 73723, 21210, 940
179
3,775
5.2787.017
'73' 5, 647
1,606
5,4674,961
5061,364
46
2,0613.05
318.196
' 408. 1
' 276. 145.1
37.549.4
'-8.8
' 416. 9
.1'5.3
'411.1' 150. 7
11.4
93.463.226.7
'3.44.4
36.6
944.1249.096.0
599.2
165.8' .2
208.0
.115
.229
2.7'.17.9
10.625.4
.112
2 See n
s of unfiks of "fin
47,34426,64617, 9178,095
2,780
86, 32564, 26921, 92110, 422
135
3,241
5.2817.077
745,6021,535
5,3754,879
4951,342
78
9403.05
312.995
418.4
279.745.3
30.562.9
-53.6
471.6
.25.6
465.7147.816.3
117.884.426.1
3.84.0
42.5
890.5244.993.6
552.0
159.4.3
220.4
.110
.225
2.3.3
7.6
10.319.2
.112
ote "1"
nished oished pr<
44, 52525, 11517,0307,749
2,380
82, 35660,63121,6149,815
111
2,786
5,2817.077
705,3521,497
5,2264,766
4601,297
83
9343.05
297.096
396.3
270.343.7
28.254.2
-26.9
423.1
.36.4
416.5144.512.2
100.769.127.2
3.84.2
36.6
863.7245.394.3
524.1
147.6.1
224.2
.115
.225
2.2.1
7.8
9.716.7
.112
for
ils,3d-
43, 18624, 34617.1078,211
1,730
82, 72460,75021, 89410, 492
80
3,061
5.3137.077
785,6861,584
5,0164,579
4371,304
65
9783.05
312.895
430.2
288.847.4
35.558.5
18.1
413.0
(3)7.7
405.2155.7
9.7
85.463.927.9
3.95.5
33.1
' 881. 7256.996.2
528.6
153.4.2
223.4
.115
.228
2.9.2
7.6
9.416.4
.112
ucts" £minalsstocksbbl.):r
9In<
38, 73421, 92915,9898,004
773
87, 77364, 12123, 55211,882
100
4,512
5.3266.643
815,5281,484
4,7404,240
5011,218
47
1,3793.05
299.588
395.4
273.745.5
32.543.7
16.9
378.1
.16.9
371.1162.7
5.6
60.151.529.2
4.39.3
25.8
898.6262.1100.7535.8
147.0.3
209.5
.120
.230
2.4.2
6.7
7.818.6
.112
is anothe, and buof distillTotal stoeludes da
39,27522, 57416, 1738,257
471
92,17168,21323, 83311,994
125
4,826
5.3366.643
825,6921,572
4,5254,152
3731,219
54
9863.05
324.192
408.3
285.447.3
37.538.1
31.6
378.6
.17.8
370.8168.8
6.1
56.144.527.8
4.413.127.5
930.2262.0106.8561.4
160.7.3
203.1
.108
.232
2.8.2
6.6
8.520.9
.115
r (both iIk statiorate and rcks, 881.1ta not sh
38,85823,20915, 1257,960
475
93,48769, 13124,18311,633
173
4,224
5.3366.671
735,4681,561
4,3363,992
3441, 259
63
1,2053.05
310.291
402.2
274.444.8
40.242.9
29.7
372.0
.27.5
364.2166.4
5.1
47.948.228.8
16.225.4
959.9264.9104.2590.8
162.3.1
201.0
.115
.231
2.5.1
6.4
7.223.0
.115
terns incis). Alsoesidual 1; distillaown seps
40, 51925, 12614,8827,941
465
89,40466, 41722,80110,321
186
4,147
5.3366.671
655,4531,636
4,3123,953
3591,260
42
1,3203.06
328.193
420.6
283.946.4
45.744.6
31.1
389.7
(3)7.0
382.7180.5
4.7
46.045.928.8
19.928.1
991.0265.8104.2621.0
170.3.2
193.1
.115
.230
3.1.2
6.4
7.325.7
.115 '
lude stocas a res
uels arete, 158.1;irately.
41, 51726, 53014, 2457,354
681
91, 49267, 52923, 75410, 545
209
5,868
5.3366.727
635,0881,692
4,7364,329
4091,281
54
1,1623.06
328.593
411.1
285.846.1
43.236.0
19.6
392.4
.16.8
385.5179.3
6.3
49.542.630.9
20.027.8
1, 010. 5266.4102.7641.5
170.3.1
186.1
.115
.234
2.7.1
6.3
7.827.2
.115
,ks at refult of incon a neviresidual,
§ Inclu
37,54122,85013,6946,716
943
96,22070,63325, 37211, 209
215
5,406
5,3366.810
514,6841,627
5,3924,968
4241,319
58
1, 3503.06
312.492
399.5
269.144.6
42.542.9
21.9
375.6
.17.4
368.1159.8
6.9
53.648.329.4
17.527.1
1, 032. 5262.898.4
671.2
167.2.2
195.1
.115
.234
3.0.2
6.3
7.728.0
.111
ineries, rreasei ccT basis. I63.9.des nonr
'39,73623,764
'14,567'6,700
1,357
91,96668,88022,8859,540
201
3,783
464,6861,622
5,7575,362
3951,233
68
1,185
319.591
414.3
276.446.7
45.945.1
9.1
406.8
.16.6
400.1170.1
8.7
62.350.932.0
17.032.9
1,041.5266.3101.5673.7
166.6.2
193.2
.228
3.0.2
6.7
9.728.9
41, 46424, 78115,3036,817
1,339
90, 51868, 61321, 7259,554
180
4,534
484,747
5,9265,588
338
82
399.9
269.346.5
40.843.1
-5.8
406.8
.46.6
399.8158.410.5
76.457.628.6
3.89.0
36.4
1, 035. 7271.699.9
664.2
.226
4,249
99
.235
latural gas processing plants, ter-verage in certain bulk terminals,)ec. 1966 data on new basis (mil.
narketable catalyst coke.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-36 SURVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— ContinuedDistillate fuel oil:
Production mil bblImports doExports doStocks end of period doPrice, wholesale (N.Y. Harbor, No. 2 fuel)
$ per galResidual fuel oil:
Production mil. bblImports doExports doStocks end of period doPrice wholesale (Okla No 6) $ per bbl
Jet fuel (military grade only) :Production mil bblStocks end of period do
Lubricants:Production doExports doStocks end of period doPrice, wholesale, bright stock (midcontinent,
f o b Tulsa) $ per gal
Asphalt:Production mil bblStocks end of period do
Liquefied petroleum gases:Production doTransfer from gasoline plants doStocks (at plants, terminals, underground, and
at refineries) end of period mil bbl
Asphalt and tar products, shipments:Asphalt roofing total thous souares
Roll roofing and cap sheet doShingles all types do
Asphalt siding doInsulated siding doSaturated felts thous sh tons
785 813 84.4
154 1
.094
264 0376.8
12 961.21 62
215 519.4
65.417.112.7
.270
129 617.3
60. 1215 1
37 7
69 36328, 91740, 446
554539880
804 818 54.3
i 159 7
.100
276.0' 395. 9
r21 9!65 61 47
273 222 2
64 9'18.714 8
270
127 819 9
67 6r 326 6
63 4
76 50030 50945 991
468445876
73 83 5.4
159 7
.102
27 537.91 2
65 61 45
24 022 ^
5 61.2
14 8
270
6 919 9
5 729 1
63 4
4 1261 8812 245
301757
74 33 7
o
119 8
102
27 750 91 6
58 51 45
24 122 9
5 11 0
15 1
270
6 422 7
5 828 5
53 1
4 6892*0?52*664
311370
74 53 5
396 9
102
24 542 31 5
55 11 45
23 823 0
5 01 3
15 1
270
6 225 0
5 6°8 0
48 2
4 2171 8732 344
261464
77 34 8'2
93 5
.102
24 746 4
9 260 51 45
25 322 8
5 41 7
15 0
270
7 396 9
6 330 4
50 7
4 3091 8742*435
232660
65 12 8
101 2
102
22 832 72 l
62 81 45
26 523 1
5 51 5
14 7
270
9 827 6
5 728 8
59 1
5 9012 3163 585
303671
68 82 0.2
115 8
105
22 727 82 2
66 91 45
27 325 2
5 71 6
14 4
270
13 027 8
6 829 8
67 7
7 0612 5774*484
294478
69 12 5.1
139 5
.105
19.730.9
2 267 61 45
24 523 6
5 31 6
14 4
270
14 226 9
6 027 5
74 7
8 219
2 9575*955
364581
71 72 9.1
168 1
. 105
21 230.41 2
72 41 35
26 624 8
5 51 9
13 6
270
15 323 0
6 329 1
80 4
8 0203 0005 020
304377
70 52 2.1
191 4
.105
21 424 71 9
74 31 35
27 324 4
5 71 5
13 8
270
15 719 1
6 328 6
85 8
8 0863 1694,917
414681
66 12 4.4
206 0
.101
19 431.31 3
75 81 35
27 125 1
5 61.8
13 5
270
14 817.2
5.728 6
91 1
8 3433 3464,997
444282
66 02 2.2
211 8
20.432.61 3
76.9
28 424 8
5.81.3
13 7
14 015 0
5.530 0
90 1
rS 4973,3755,122
555389
' 6, 110r 2, 549r 3, 562
r482870
4,5331,9612,572
291962
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:Receipts thous cords (128 cu ft )Consumption doStocks, end of period do
Waste paper:
Stocks end of period do
WOODPULPProduction:
Total all grades thous sh tonsDissolving and special alpha doSulfate doSulfite do
Groundwood doDefibrated or exploded doSoda semichem screenings etc do
Stocks, end of period:Total, all mills do
Pulp mills doPaper and board mills doNonpaper mills do
Exports, all grades, total doDissolving and special alpha doAll other, do
Imports, all grades, total doDissolving and special alpha doAll other do
PAPER AND PAPER PRODUCTS
Paper and board:Production (Bu. of the Census):
Paper doPaperboard do^Vet-machine board doConstruction paper and board do
New orders (American Paper Institute) :All grades, paper and board do
Wholesale price indexes:Printing paper 1957 59 100Book paper, A grade doPaperboard doBuilding paper and board.. do
2 56 7972 56 259
2 6 529
2 10 5412 73g
2 36 6402 1 527
2 23 5622 2 748
23 79421 65823 351
81627645684
1 572563
1 009
3 355293
3 065
47 18920 6312° 574
1 w3 831
46 886
101 7115 197 192*. 6
54 92155 2575,859
9 733602
35 4871 447
22 5932 669
3 9531*4183 407
78634236380
1 710607
1 102
3 162265
2 898
20 34191 840
i 3 678
46 074
101 9117 697 39l'.9
4 1234 3335,859
753609
2 563119
1 751206
25615
217
78634236380
1565799
25226
226
3 CQ9
1 6441 659
19
278
3 561
101 9117 897 392.1
4 1804 g355 ?31
859542
3 139135
2 Oil226
348125294
785379342
64
1394891
26927
242
4 fiQQ
1 8311 874
i 320
4 170
101 9117 897 392.1
4 8064 7135*398
004526
3 044149
1 960205
336122272
779358352
69
1555798
97725
059
3 QAQ
1 7811 842
1 9
328
3 975
101 9117 897 391.8
5 0265*0375 415
QOO
510
3 270142
2 096226
367130309
756334349
74
15550
105
28023
257
4 ion1 8841 924
1 3369
4 332
101 9117 891 792.0
3 8654 2004,249
859518
3 180131
2 053216
348136296
783345362
76
1536390
31529
286
A, 144.
1 8471 913
•10
370
4 248
101 9117 891 792.1
4 7955 0604 776
899518
3 277164
2 076217
368133319
79533938273
17266
106
30523
283
4 99O1 9051 923
1 °.379
4 227
101 9119 491 792.3
4 8234 9324,766
870493
3 207132
2 078213
359128297
83836939773
1273987
31120
290
4 1 en
1 8491*938
iq
360
4 25?
101 9119 490 692.3
4 9734 7555 017
761535
9 997131
1 913191
340131291
79732340471
17949
130
29223
270
9 0701 7331 774
10355
3 940
101 9120 590 692.3
5 0475 0215,008
885510
3 290150
2 113209
363137318
80134438374
17672
103
28323
261
4 1971 8341 966
^ 386
'4 269
120 590 692.9
4 9334 7335,274
850513
3 053133
1 953197
344128298
74631536467
1636697
25826
232
4 0171 8101*808
12386
T 4, 074
100 6121 090 993.5
5 3375,2355,398
T 929r 548
3 360151
2 180214
363136316
r 787346
r371r 70
1283296
30427
277
r 4 436T i 975r 2 044
12r 406
r 4, 545
4 8045,0995,127
851546
3 190166
2 074204
355104287
776339370
67
1656599
29919
280
4 1341 8581 898
11366
P 4, 211
19164
128
34638
308
T Revised. ^Preliminary.1 See note "5" for p. S-35.2 Reported annual total; revisions not allocated to the months.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1968 SUKVEY OF CURRENT BUSINESS S-37
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
PULP, PAPER, AND PAPER PRODUCTS— Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):Fine paper:
Orders new thous. sh. tons _Orders unfilled end of period do
Production doShipments do
Printing paper:Orders new doOrders, unfilled, end of period do
Production doShipments do
Coarse paper:Orders, new doOrders, unfilled, end of period do
Production doShipments do
Newsprint:Canada:
Production doShipments from mills doStocks at mills, end of period do
United States:Production doShipments from mills - doStocks at mills, end of period do
Consumption by publisherscf doStocks at and in transit to publishers, end of
period thous sh tons
Imports . _ _ doPrice, rolls, contract, f.o.b. mill, freight allowed
or delivered $ per sh. ton
Paperboard (American Paper Institute):Orders, new (weekly avg.) - - thous. sh. tonsOrders, unfilled § doProduction, 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— ino
2,637159
2,6412,633
6,711553
6 5116 511
4,723200
4,6964,704
8,4198 385
184
2,4082,405
21
6 898
681
6,991
136. 23
44972444692
160, 452
134.1
2,645157
2,6592,658
6,335449
6,3326,332
4,678214
4,7534,685
8,0517,968
268
2,6202,602
39
6,907
630
6,599
139. 95
44461843987
162, 362
134 1
206157
202203
508449
508508
411214
400403
602646268
20420639
587
630
531
141. 40
40564842178
13, 081
132.5
242164
237237
546427
534534
423228
422405
641583325
23822355
518
617
537
141 40
42966140889
13,432
126.1
227158
224222
570513
544544
399218
418412
629573381
220215
59
523
613
460
141. 40
481714482
92
12, 922
128.6
264184
244250
617525
567567
440231
432423
674659396
250242
68
604
584
531
141. 40
49473348090
13, 763
138.7
269213
250247
579537
568568
396218
404396
674682388
23425349
586
605
594
141. 40
49776748090
14 289
135.6
255208
249248
586504
580580
441231
432427
711756343
26526747
622
626
581
141. 40
48877848991
14, 922
139.6
243223
242240
577539
572572
418262
410396
689705327
25625449
579
623
544
141. 40
510826489
14, 416
131.6
232217
221224
554546
526526
380236
379380
693617402
24024446
509
681
542
141. 40
433847421
13 477
129.4
'226'208
233225
'564'506
'566'566
'425'251
'409'414
639634408
25324751
559
704
505
141. 40
513877497
15 316
145.2
'229226
226'225
'560'528
' 557'557
'437'299
'419'421
576622362
240240
52
599
659
451
141.40
470895469
15, 375
142.2
'234'215
'251'244
'639'545
'618'618
'431'269
'415'414
719760320
25725950
645
660
568
536921512
17, 191
158.6
"237"224
"239"235
" 555"508
" 565" 565
"408"274
"410"418
702761262
24825543
652
628
514
511966502
15 121
P 135. 1
683742203
23324927
630
633
636
454869518
13, 765
467894509
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:Consumption thous Ig tonsStocks, end of period doImports, incl. latex and guayuie do
Price, wholesale, smoked sheets (N.Y.)__$ per lb._
Synthetic rubber:Production thous Ig tonsConsumption doStocks, end of period do
Exports (Bu. of Census) do
Reclaimed rubber:Production doConsumption _ doStocks, end of period do
TIRES AND TUBES
Pneumatic casings, automotive:Production, thous
Shipments, total doOriginal equipment.. doReplacement equipment doExport.. do
Stocks , end of period. doExports (Bu. of Census) . do
Inner tubes, automotive:Production. ... doShipments doStocks, end of period doExports (Bu. of Census) do
545 6891 59
431 66
.236
1 969 971 666 06
348 69
308 44
277 36264 5132 29
177 169
173 46454* 680
116' 3482 436
42 5692 051
42 76544 22211*9961 100
488 85111 66452 80
.199
1 911 871 628 26369 94
299 80
243 65239 27
28 40
163, 192
172 94747 617
123 2052 125
34 7321 450
39 77541 69111 005
849
43 06111 6648 22
.175
185 10143 83369 94
23 02
23 9022 599g 40
15 664
'12 973' 5 021r 7 748
204
34 782121
3 3143 026
11 00569
49 17108 2346 88
.173
178 79162 92360 °7
24 35
23 7623 0728 04
17 594
14 8184 8669 757
196
38 02076
4 0784' 579
10* 79063
47 61102 1042 06
.164
170 82154 26360 38
23 99
23 9422 8529 78
17 118
13 5384 5858 755
198
41 916145
4 0053 664
11 15966
49 4895 0939 49
.176
180 29161.98358 80
26 15
22 7123 5128 58
18, 175
16 7405 465
11 099176
43 74293
3 9913 778
11 453go
47 9494 4242. 17
.179
177 88156. 04357 83
24 86
22. 1222 0929 07
17 212
18 8765* 176
13*500'200
42 369126
3 5983 532
11 605' 197
49 6192 6442 72
.186
184 77162 82354 33
27 39
22 7821 8828 95
17 930
19 0595 603
13* 025431
41 817280
3 7703 675
11 744120
46 2292 0736 73
.213
173 42153 23364 32
21 23
21 2020 7029 00
16 683
18 4275 265
12 782381
40 689416
3 4923 574
11 91783
41 0099 5751 26
.208
171 58135 49375 64
23 67
17 6515 9429 46
14 429
15 78*?2 986
12 561235
39 485185
3 0933 440
11 518Q9
46 27103 0246 06
.210
178 63153 92374 65
30 71
19 6819 1430 26
15 694
15 2352 542
12 399294
39 969254
3 4913 595
12 437' 115
49 05107 19
63 30
.201
172 89158. 07361. 12
37 76
20 2820 2229 87
16 506
18 2265*305
12 514407
38 719397
3 4283 658
12 442266
53.85'104 69
36 24
.215
'178 43178. 40'347 40
13 86
22 6022 38
r 29 78
18 695
19 6235 679
13* 681264
37 930'245
4 0944 230
11 146132
48.69100 0243.69
.228
180 69161. 55348. 14
18 28
20.1419 8229 71
16 831
15 4505 8999 372
178
39 698157
3 4743 900
11 489109
49.58
.228
18 77
16, 186
13 8324 8988 743
190
42 127144
3 2773' 031
11 82887
.221
r Revised. * Preliminary.cfAsreported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of themonth; annual data are as of Dec. 31.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-38 SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
February 1969
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement thous. bbl
CLAY CONSTRUCTION PRODUCTS
Shipments:Brick, unglazed (common and face)
mil. standard brickStructural tile, except facing thous. sh. tons..Sewer pipe and fittings, vitrified doFacing tile (hollow) , glazed and unglazed
mil. brick equivalentFloor and wall tile and accessories, glazed and un-
glazed mil sq ftPrice index, brick (common), f.o.b. plant or
N.Y. dock 1957-59=100..
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments . thous. $
Sheet (window) glass, shipments doPlate and other flat glass shipments do
Glass containers:Production thous gross
Shipments, domestic, total doGeneral-use food:
Narrow-neck food _ doWide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) thous gross
Beverage doBeer bottles.. . doLiquor and wine do
Medicinal and toilet- _ _ doChemical, household and industrial doDairy products do
Stocks, end of period do
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:Imports thous. sh. tonsProduction do
Calcined, production, total _ do
Gypsum products sold or used, total:Uncalcined uses _ doIndustrial uses _ doBuilding uses:
Plasters:Base-coat ._ doAll other (incl. Keene's cement) do
Lath . mil. sq. ftWallboard doAll other do
380, 694
7, 551. 7267.4
1,610.3
308.1
272.7
111.5
343, 138
136, 785206 353
211 764
204, 093
21,605
52 168
27 09838 89517 608
39 7665 8121 141
30 084
5 4799 647
8 434
4 693322
680899
1 0797,084
228
374,017
7, 117.4234.5
1, 572. 2
240.1
257.5
113.3
331 976
131 476200 500
225 579
228, 766
23,631
57 852
38 18544,50119 459
38, 5165 664
958
22 546
4,7229 393
7 879
4 511293
561813
9497 089
243
21,305
471.114.392.2
18.3
18.4
114.9
93, 640
37,60456 036
19, 073
25,647
2,204
6,887
5,1084,1532 198
4,386600111
22 546
1,3722 348
1 812
1 18569
118189
1901,560
59
17, 166
360.113.582.9
14,4
21.3
115.3
20 584
25, 451
2,260
6,579
3 6945,0402 276
4,89860896
17,568
20, 204
500.613.4
103.1
14.6
20 4
115.4
(5)
(5)
(5)
(5)
(5)(5)(5)
(5)(5)(5)
(5)
26, 176
600.016.0
132.4
18.0
22.6
115.8
89,988
34, 33555 653
(5)
(5)
(5)
(5)
(5)
(5)(5)
(5)(5)(5)
(5)
1,0692 233
1 923
86673
130184
2261,771
52
34, 426
710.514.6
160.0
22.4
23 9
115.8
20,068
17, 146
1,591
3,693
3,7553,7981,304
2,65728464
16, 304
37, 389
734.915.8
159.7
18.8
25.2
116.1
20, 992
18, 666
1,930
4,066
3,9804,3311 323
2,63835642
18, 407
36, 876
687.116.8
154.2
17.4
24.3
116.5
90,523
29,68460,839
21, 757
20, 017
1,886
4,524
4,5194,5771 465
2,649339
58
19 936
1,4022 582
2 155
1 48778
137196
2492 048
73
41, 763
727.216.9
165. 7
19.0
22.4
116.8
21 909
21, 322
2, 365
4 864
4 6844 9831 349
2,696324
57
20 324
44, 106
708.118.2
168.5
17.8
24 5
117.6
23 054
23, 576
3,473
5,826
4 3874,7811 591
3,06538766
19 594
39, 855
672.018.3
169.6
18.8
23.9
117.6
98, 252
35, 84462 408
21 368
21, 034
2,681
4,763
3,6094,0811 637
2,81039063
20 709
1,6042 768
2 330
1 36977
143215
2852,326
79
45, 358
' 741. 0••17.1
r 170. 3
'21.0
••24.5
22, 870
20,902
2,252
5,591
4,1903,3731,802
3,18944065
22,463
30,954
601.915.2
128.6
18.1
21.2
21, 125
18, 721
1,576
4,981
3,8713,2681 639
2,91041660
24, 593
22,760
\
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:Production, total 9 _ mil. linear yd
Cotton _ . . doManmade fiber do
Stocks, total, end of period 9 d" doCotton doManmade fiber do
Orders, unfilled, total, end of period? f doCotton doManmade fiber . do
COTTON
Cotton (exclusive of linters):Production:
GinningsA thous. running balesCrop estimate, equivalent 500-lb. bales
thous. balesConsumption doStocks in the United States, total, end of period
thous balesDomestic cotton, total ... do
On farms and in transit . doPublic storage and compresses. _. doConsuming establishments do
Foreign cotton , total do
12,6898 8663 571
1,306766521
3 2222 408
746
9,562
9,5759 647
20 26520 1861,121
17,6391 426
79
11, 9838 2633 493
1,317837465
3 1902 0601 045
7,435
7,4559 215
14 56314 4721 509
11 3691 594
91
1 1, 126i 753i 353
1,317837465
3 1902 0601 045
2 6,933
i 825
14 56314 472
1*50911 3691 594
91
U 1541 749i 383
1,287821451
3 0471 9151 036
3 7 264
i 880
13 22013 1351 311
10 0731 751
86
983651314
1,270811443
2 8601*7341 032
729
12 05111 9711 1378 9701 864
81
953621313
1,240784440
2 8141 6661 054
* 7, 435
* 7, 455721
10 89810 826
9557 9161 956
72
i 1, 1361 738i 373
1,223769437
2 8361 6701 069
i 839
9 6609 594
6606 8109 125
fifi
939604315
1,225775435
2 8921 6511 142
692
8 5888 529
6285 8132 087
5Q
932592320
1 250778457
2 9481 608I 241
682
7 6337*580
6165 0371 927
54
1 888i 558i 311
1 228748466
2 9741 6401 236
7
i 670
6 4486*402
3004 2771 825
4fi
907573317
1 235756466
2 9091 5961 924
374
665
16 57516*51711 0853 7771 655
58
911576320
1,225749463
2 7681 5001 180
1,416
643
15 72015 66510 3393 8191 507
55
i 1 130r i 709r i 403
1,192715464
2 8641 5751 212
5 955
813
14 63614* 5756 2686 8901 419
59
914570329
1,177711452
2 8891 6161 193
9,164
r 658
13 79613 7463,360
«• 8, 839T 1 475
••56
2 10, 030
610,822580
13, 01012,9591,5349,8501,575
51
3 10, 833
r Revised. i Data cover 5 weeks; other months, 4 weeks. 2 Ginnings to Dec. 13.3 Ginnings to Jan. 16. < Crop for the year 1967. « Data not available owing to lack ofcomplete reports from the industry, e Dec. 1 estimate of 1968 crop.
9 Includes data not shown separately.cfStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims.IfUnfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,and blanketing.
ATotal ginnings to end of month indicated, except as noted.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1869 SURVEY OF CURRENT BUSINESS S-39
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 | 1967
Annual
1967
Dec. Jan. Feb. Mar. Apr. May
196
June
8
July Aug. Sept. Oct. Nov. Dec.
1969
Jan.
TEXTILE PRODUCTS—ContinuedCOTTON— Continued
Cotton (exclusive of linters)— ContinuedExports thous. bales--Imports -- -- doPrice (farm), American upland cents per lb._.Price middling 1", avg. 12 markets ^ _ . do_. _
Cotton linters:Consumption thous. bales.Production . doStocks end of period do
COTTON MANUFACTURESSpindle activity (cotton system spindles):
Active spindles, last working day, total mil—Consuming 100 percent cotton do-__
Spindle hours operated, all fibers, total bil_.Average per working day do
Consuming 100 percent cotton do
Cotton yarn, price, 36/2, combed, knitting, naturalstock $ per Ib
Cotton cloth:Cotton broadwoven goods over 12" in width:
Production (qtrly.). mil. lin. yd..Orders, unfilled, end of period, as compared with
avg. weeklv production No. weeks' prod..Inventories, end of period, as compared with
nvg weekly production No weeks' prod--Ratio of stocks to unfilled orders (at cotton
mills), end of period, seasonally adjusted-
Mill margins:*Carded yarn cloth average cents per IbCombed yarn cloth average -do. -Blends (65% polyester-35% cotton) do
Prices, wholesale:Print cloth, 39 inch, 68 x 72 cents ^er yardSheeting, class B, 40-inch, 48 x 44-48 do
MANMADE FIBERS AND MANUFACTURESFiber production, qtrly. total mil. l b__
Filament varn (rayon and acetate) _ _. do_Staple, in cl. tow (rayon) doNoncellulosic, except textile glass:
Yarn and monofilaments __do _-Staple, incl. tow _ do
Textile glass fiber do_
Exports: Yarns and monofilaments _ thous. IbStaple, tow, and tops. __ __. _ _ do. _
Imports: Yarns and monofilaments doStaple, tow, and tops do
Stocks, producers', end of period:Filament yarn (rayon and acetate) mil. lb_.Staple, incl. tow (rayon). doNoncellulosic fiber, except textile glass:
Yarn and monofilaments _ _ doStaple, incl. tow do
Textile glass fiber do
Prices, manmade fibers, f.o.b. producing plant:Staple: Polyester, 1.5 denier $ per lb_.Yarn: Rayon (viscose) , 150 denier . _ __ do
Acrylic (spun) , knitting, 2/20,3-6 D *. do. . . .Manmade fiber and silk broadwoven fabrics:
Production (qtrly.). total 9 -mil. lin. ydFilament yarn (100%) fabrics 9 _ _ d o
Chiefly rayon and/or acetate fabrics doChiefly nylon fabrics. do
Spun yarn (100%) fabrics (except blanketing) 9mil. lin. yd._
Rayon and/or acetate fabrics and blendsdo— .
Polyester blends with cotton doFilament and spun yarn fabrics (combinations
and mixtures) mil. lin. yd. .
WOOLWool consumption, mill (clean basis):
Apparel class mil. IbCarpet class do
Wool imports, clean yield doDuty-free (carpet class) do
Wool prices, raw, clean basis, Boston:Good French combing and staple:
Graded territory, fine $ per lb._Graded fleece, H blood do
Australian, 64s, 70s, good topmaking do
WOOL MANUFACTURESKnitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price 1957-59=100Wool broadwoven goods, exc. felts:
Production (qtrly.) mil. lin. yd._Price (wholesale), suiting, flannel, men's and
boys', f.o.b. mill 1957-59=100
3,597100
120.6i 22.1
1,3661,419
725
19.515.1
132.1.509
102.4
.949
8,840
18.4
4.5
.25
4 41. 954 95. 744 63. 29
18.7
3,860.1799.8659.2
1, 164. 7904.0332.4
98, 72255, 62216 571
177, 570
67.370.1
150.2129.842.5
.80.80
1.58
4, 234. 11 612.5
735.0335.4
1, 907. 7
624.61, 051. 2
479.4
266.6103 6277 2114.6
1.3491 1711.259
108.2
264.9
102.7
3,973169
i 25. 4124.8
1,080977617
20.014.4
126.2.48694.4
.942
8,278
15.4
5.2
.35
37.7575.6054.47
s 18 4
3,980.6734.7603.4
1, 213. 91 119 8
308.8
688,83178,29328 194
6 149, 672
51.743.8
138.7142.440.4
.6681
1.52
4, 237. 31 620 4
754.0324 2
1, 987. 0
600.21,169 6
412.5
228.783 9
187 378 2
1.215910
1.153
92.6
238.6
101.7
33110
27.627.02 98122617
20.014.4
2 11. 6.465
2 8. 3
1 026
2 031
15.4
5.2
35
32.3680.9869.32
17 019 0
1, 149. 2205.9181.7
334.3344 982.4
8 7825,9103 065
14,972
51.743.8
138 7142.440.4
.6081
1.41
1 1757439 0205 1
79 6
565 1
159.5340 3
110 5
2 20 22 9 119 09 3
1.165835
1.162
87.8
57.8
100.5
47410
22.426.2
2 96122628
20.114.2
2 12. 7.508
2 8. 9
1 081
13.9
5.1
.37
33.7283.8271.92
17 019 0
8,1556,0774 978
22, 598
.6181
1.41
2 22. 72 9 024 012 3
1.165825
1.175
87.8
100.5
4473
19.925.4
8498
614
20.114.110.4.5197.2
1 085
12.2
5.0
.42
35.3686.4173.54
17 019 0
8 6618,4454 456
19, 519
.6182
1.41
19 77 5
23 59 0
1.165825
1.175
88.8
100.5
4363
19.425.2
8583
595
20.114.010.3.516
7.2
1.070
2,035
12.1
4.9
.42
36.1390.4865.97
17.019.0
1,211.8198.3183.3
375.4365 889.0
7,2057,9443 953
20,668
40.751.3
134 9159 737.3
.61
.821.42
1,284.7465.4210.486 5
649 6
178.0408 8
112 7
19 47 2
21 77 7
1.178825
1.175
89.9
62 0
100.5
4063
19.625.12 108
62549
20.113.8
2 12. 5.501
2 8. 5
1.065
12.7
5.2
.41
36.7791.9863.25
17.018.9
7,9109,1004,579
20, 250
.61
.841.42
2 24. 92 8.822 810.0
1.190825
1.175
90.2
100.5
OQO
321.124.9
9041
492
20.113.710.35167.0
1 040
12.3
5.2
.42
37 3092.9163.85
17 018 9
8 15612, 3385 921
16 848
.6184
1.43
19 37 2
21 28 2
1.208820
1.175
90 7
100.5
2772
20.824.8
9227
436
20.113.610.35136.8
1 040
' 1, 934
12.1
5.3
.42
37.7394.4062.84
17 018 4
1,229.6183 3176.7
410.4359 899 4
8 Oil9, 1345 650
14 474
33.947 2
154 6158 841.7
.6185
1.43
1,310.5460 1203.188 0
677.7
173.5430 6
117 8
19 87 2
19 010 3
1.220820
1.175
90 7
68 8
100.8
3572
20.024.9
29520
364
20.213.6
2 10. 5419
2 6. 8
1 040
16.8
6 8
40
38 00390.13
63.69
17 318.4
8 5169 3815 584
15 165
.6187
1.43
2 19 92 7 425 314 0
1.220820
1.175
91.0
101.1
21320
26.025 0
7720
300
20.213.510.1.5046.6
1 039
12.4
5.4
.42
37.8590.5864.04
17 518 4
8,5098,5835 485
17 480
.6188
1.43
19.07 2
19 29 7
1.220850
1.175
91 7
101.1
26244
26.225.0
9242
255
20.213.39.9
.4956.5
1 037
1,709
11.6
5.3
44
38.1091.7262.24
17.518.4
1,303.5204.7180.4
423.7392.6102.1
8 3969,1856 124
18 376
49.152.4
168.3184.144.7
.6187
1.43
1, 272 .9454.2191.085.7
659.5
157.7422.2
106.0
17 87 1
20 612 5
1.210840
1.175
91.8
57 0
101.1
1522
26.524.32 114
160308
20.213.3
2 12.5.5022 8. 3
12.4
5. 1
.41
39.0393.3160.31
5 5736,2004 026
16 599
r 229 5
r 2 g g
17 79 2
1.215864
1.191
1851
24.223.3
'93'156r359
'20.013.1'9.9'.495'6.5
12.4
5.0
.40
40.8095.2060.51
8,81210,0403,614
15,804
r 17 07 1
16 49 o
1.245880
1.195
2761
21.622.7
80149419
20.013.18.6
.4285.6
42.0298.5560.68
8,48611, 7984,937
19, 925
16.36 8
18 17 6
1.245880
1.195
19.222 5
1.245.880
1.195
' Revised. 1 Season average. 2 por 5 weeks, other months, 4 weeks. 3 BeginningJuly 1968, average omits one cloth; July 1968 margin comparable with earlier data, 95.52 centsper pound. * Average for Aug.-Dec. « For ten months. 6 Revised total; revisionsnot distributed by months.
IfFor the period Sept. 1967-Feb. 1968,14 markets; beginning Mar. 1968,12 markets.
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of over 70 types ofunfinished carded yarn cloths and to simple averages of 7 or 8 combed yarn cloths and of 3polyester-cotton blends; no comparable data prior to Aug. 1966 are available. Spun yarn price(BLS) available beginning Jan. 1965.
9 Includes data not shown separately.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-40 SUKVEY OF CURRENT BUSINESS February 1969
Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS
1966 1967
Annual
1967
Dec.
1968
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
1969
Jan'
TEXTILE PRODUCTS—Continued
APPAREL
Hosierv, shipments thous. doz. pairsMen's apparel, cuttings:
Tailored garments:Suits -. thous. unitsOvercoats and topcoats . do
Coats (separate) , dress and sport doTrousers (separate) , dress and sport do
Shirts (woven fabrics), dress and sportthous. doz
Work clothing:Dungarees and waistband overalls doShirts . do
Women's, misses', juniors' outerwear, cuttings:Coats thous unitsDresses doSuits do
Blouses, waists, and shirts thous. dozSkirts do
210, 425
20, 4954,052
13, 446147, 246
25, 598
6,1064,081
24 007273, 08010, 651
16, 8959 554
223,482
19, 7194,770
13, 726138, 571
22, 835
7,4644,042
22 414279, 864
7,983
14,0648 548
15,371
1,672337
1,07910, 275
1,625
614291
1,62418, 711
599
867396
16, 671
1,894311
1,24411, 738
1,918
480275
1,77024, 379
847
1,157522
18, 197
1,716290
1,15112, 838
2,201
569303
2,09825,047
989
1,336628
19, 151
1,848297
1,18813, 237
2,170
579308
1,44927, 3761,060
M66660
17, 107
1,854365
1,26313, 799
2,118
514295
1,20928, 394
622
1,410714
18, 022
1,810426
1,25614, 841
2,109
555268
1,58824,049
526
1,455649
19,828
1,783363
1,17213, 828
2,061
660265
1,74921, 034
643
1,271742
18, 331
1, 272318
79312, 079
1, 716
416214
1, 86519, 136
659
1,142854
19,858
1,856408
1,20814, 418
1,992
544259
2,10821, 334
646
1,201788
19, 536
1,836420
1,07413, 417
1,858
676268
2,05119, 892
532
1,148645
21, 632
'2, 352395
'1, 367'14, 594
'2, 312
'629340
*2, 222'22, 984
622
'1, 389'773
20, 631
1,870304
1,30613, 038
1,982
672297
1,88619, 349
628
1,204550
16,587
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total mil. $U.S. Government do
Prime contract doSales (net), receipts, or billing"?, Qtrly. total do
U.S. Government do
Backlog of orders, end of period 9 doU S. Government do
Aircraft (complete) and parts doEngines (aircraft) and parts doMissiles, space vehicle systems, engines, propul-
sion units, and parts mil $Other related operations (conversions, modifica-
tions) products services mil $
Aircraft (complete) :Shipments ® do
Airframe weight ® thous IbExports _ . - _ _ . . mil. $
MOTOR VEHICLES
Factory sales, total thous-_Domestic . . do
Passenger cars, total doDomestic do
Trucks and buses, total . doDomestic do
Exports:Passenger cars (new) assembled do
To Canada* doTrucks and buses (new) assembled do
Imports:Passenger cars (new), complete units do
From Canada* doTrucks and buses complete units do
Shipments, truck trailers:Complete trailers and chassis number
Vans doTrailer bodies and chassis (detachable), sold
separately number
Registrations (new vehicles): OPassenger cars thous
Foreign cars doTrucks (commercial cars) do
RAILROAD EQUIPMENT
Freight cars (ARCI):Shipments... __ number
Equipment manufacturers total doRailroad shops, domestic do
New orders doEquipment manufacturers, total doRailroad shop*? domestic do
Unfilled orders, end of period doEquipment manufacturers, total doRailroad shops, domestic do
Freight cars (revenue), class 1 railroads (AAR):§Number owned end of period thous
Held for repairs, % of total ownedCapacity (carrying), aggregate, end of period
Average per car tons_
27, 23316, 35124 21920 22714, 530
27, 54715 71114,6553 824
4,510
2 492
2 087 043, 983553.7
10, 329. 49, 943. 48, 598. 38, 336. 91, 731. 11, 606. 5
177 58114 3278 64
913 21165. 3642 96
113 49375 527
18 402
3 9 008 53 658 1
31 610 4
90, 34967 94422 405
99 82873 18526 643
56 61840, 42616 192
1 4974.8
91 5861.19
26,90018 53824 42323 44416 334
30 93617 95016 4014 252
5 704
2 810
2 981 556 739786.5
8, 976. 28, 484. 67, 436. 87 070 21, 539. 51 414 4
280 58236 6482 24
1 020 62323 55
75 07
96 53959 147
27 497
3 g 357 43 779 2
3 i 518 4
83 0%64 77518 320
53 70338 46815 235
24 91714 27610 641
1 48^'5 1
93 I')62.85
7,4685 5506 8136 6664,556
30,93617 95016 4014 252
5,704
9 810
381 26,64595.3
957.8903.9813.9768.5144.0135.4
37 1331 616 15
110 6740 718 88
7 2094 757
1 447
737 967 1
121 4
5 4833 987I 496
8 2094 4503 759
24 91714 27610 641
1 4825 1
no -I a
62.85
337 96,043127.5
937.5889.3787.0747.2150.4142.1
35 092Q 905 99
145 9848 289 23
7 8395 028
2 063
a 657 9a 62 5al!8 5
4 7173 875
842
4 5483? 4181 130
24 89314, 02410 869
1 4805 3
93 7163.33
354 66 359145.6
847.6801.4703.2668 2144.3133 2
29 3425 297 29
121 3731 229 74
8 8815 713
2 1Q2
"604 6o 62 1°110 9
5 7544 3581 396
5 5272' 7272 800
24 74212 46912 273
1 4785 3
93 4163.18
i 7, 24413,64016 633i 6, 321i 4, 156
130,262116,057116,81314 192
14,708
i 2 759
357 06 67178.7
968.0917. 7800.7764 0167.3153 7
30 9227 997 63
112 3234 128 09
10 2076 775
2 181
725 075 5
131 7
5 7123 9781*734
3 8603 380
480
22 93311 89411 039
1 4785.2
93 5563.30
373.46,858115.4
941.7895.8782.7747.8159. 0147.9
29 9025 658 40
117 3334 32
6 20
9 8145 899
2 165
859 4a 82 4161 6
5 7743 3952 379
3 2942 502
792
20 36410, 8629 502
t 4765.2
93 5763.40
391 46 931130.2
1, 103. 51, 051. 6
916.9876 2186.6175 4
30 1927 627 82
157 1049 07
6 93
10 9187 188
1 956
824 3a 78* 4
149 6
4 9942 9062 088
4 0572 6861 371
19 28110 4968 785
1 4735 2
03 6963.55
6,7313,8816,2266,2213,989
30, 58915, 76817,9383 916
4,007
2 827
339 55,831125.8
990.1945.8813.7781.6176.4164.3
26 1223 226 84
139 1150.919 93
8 9425 676
2 532
800 6o 78 o145 9
4 4082 7281 680
3 2333 197
36
17, 81010, 9696 841
1 4735.2
93 8063.66
406.86, 931117. 6
773.1744.8624.6605.4148.5139.4
15 3513.636 07
139 3232. 258 70
8,8915, 529
2 392
872 0«79 5161 9
3, 4992 4761^023
2, 7892, 586
203
16,94810, 9775, 971
1 4705.2
93 7263.' 75
340.36,005121.7
292.1274.7193.1182.699.092.1
8 296.865 41
97 2513.683 58
9 5266,439
2 308
744 4«81.7150 9
3,7602 4881,272
r 3, 155' 3, 032
123
16, 26111,4394,822
1 4675.4
93 6863.' 84
6,9165,5066 3606,3984,181
31,20217 23617,2143 765
5,254
2 854
311 65 66894.1
816.9769.4656.4620.0160.5149.4
27 7123 608 84
126 0242.5710 50
9 5446,475
3 703
705 394.7
148 5
4,4483 0621,386
4,3234,223
100
16, 22912, 6933,536
1 4665.4
93 6663.90
'337. 7'5, 782
53.5
1, 125 .21, 065 .2
935.2889.5190.0175.8
30.3226.247.83
143. 1054.5413 60
'9, 9807,036
r3, 769
880.3103.8170 3
4,5333 3191,214
*), 793r6, 7753 018
21, 40016, 0605,340
1 4635.2
93 8364.12
413.76,845160.7
1, 040. 7984.3876.6831.0164.1153.3
36.2830.7910.03
154.8155.6713.95
9,8036,922
3,969
757.084.2
140.3
4,0972,6701,427
'9,630'7, 8301 800
26, 93921, 2265,713
1 4615.2
93.8464.23
132.4
881.9832.2732. 1693.7149.8138.5
30.9626.009.67
164.3651.6511.99
4,5363,706
830
9,3567,0392,317
31, 74024, 5407,200
1,4-585.2
93.8264.34
21,024.7
2 846. 1
2 178. 6
T Revised, i Beginning 1st quarter 1968, value of new orders and backlog refers to orderson a funded order basis for Government contracts and on binding legal documents (or equiva-lent) for commercial business. Revised 4th quarter 1967 figures, comparable with fundeddata beginning 1st quarter 1968 (mil. dol.): Total net new orders 7,428; total backlog, 29,339.2 Preliminary estimate of production. 3 Annual total includes revisions not distributed
9 Total includes backlog for nonrelated products and services and basic research.© Data include military-type planes shipped to foreign governments. *New series;
source, Bureau of the Census. O Courtesy of R. L. Polk & Co.; republication prohibited.^Excludes railroad-owned private refrigerator cars and private line cars.
by months. « Omits data for 1 State.
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 7-9Construction and real estate 9,10Domestic trade 10-12
Labor force, employment, and earnings 12-16Finance 16-21Foreign trade of the United States 21-23Transportation and communications 23,24
Industry:Chemicals and allied products 24,25Electric power and gas 25,26Food and kindred products; tobacco 26-30Leather and products 30
Lumber and products 31Metals and manufactures 31-34Petroleum, coal, and products 34,36Pulp, paper, and paper products 36,37
Rubber and rubber products 37Stone, clay, and glass products 38Textile products. 38-40Transportation equipment 40
INDIVIDUAL SERIESAdvertising 10,11,16Aerospace vehicles 40Agricultural loans 16Air carrier operations 23Aircraft and parts 4,6,7,40Alcohol, denatured and ethyl 25Alcoholic beverages 11,26Aluminum 33Apparel 1,3,4,8,9,11-15,40Asphalt and tar products 35,36Automobiles, etc 1,3-9,11,12,19,22,23,40
Balance of international payments 2,3Banking 16,17Barley 27Battery shipments 34Beef and veal 28Beverages 4,8,11,22,23.26Blast furnaces, steel works, etc 5-7Bonds, outstanding, issued, prices, sales, yields 18-20Brass and bronze 33Brick 38Broker's balances 20Building and construction materials 7-8,
10,31,36,38Building costs 10Building permits 10Business incorporations (new), failures 7Business sales and inventories 5Butter 26
Cattle and calves 28Cement and concrete products 9,10,38Cereal and bakery products 8Chain-store sales, firms with 11 or more stores... 12Cheese 26Chemicals 4-6,8,13-15,19,22-25Cigarettes and cigars 30day products 9,38Coal. 4,8,22,34,35Cocoa . 23,29Coffee 23,29Coke 35Communication 2,19,24Confectionery, sales 29Construction:
Contracts 9Costs 10Employment, unemployment, hours, earnings.. 13-15Fixed investment, structures 1Highways and roads 9,10Housing starts 10New construction put in place 9
Consumer credit 17,18Consumer expenditures 1Consumer goods output, index 3,4Consumer price index 7,8Copper 33Cora 27Cost of living (see Consumer price index) 7,8Cotton, raw and manufactures 7,9,22,38,39Cottonseed cake and meal and oil 30Credit, short, and intermediate-term 17,18Crops 3,7,27,28,30,38Crude oil and natural gas 4,35Currency hi circulation 19
Dairy products 3,7,8,26,27Debits, bank 16Debt, U.S Government 18Department stores 11,12Deposits, bank 16,17,19Disputes, industrial 16Distilled spirits 26Dividend payments, rates, and yields 2,3,18-21Drug stores, sales 11,12
Earnings, weekly and hourly ................... 14, 15Eating and drinking places .................... 11, 12Eggs and poultry ......................... 3,7,28,29Electric power ........................... 4,8, 25,26Electrical machinery and equipment ............ 4-8,
13-15,19,22,23,34Employment estimates ........................ 12-15Employment Service activities ................. 16Expenditures, U.S Government ................ 18Explosives ................................... 25Exports (see also individual commodities). . . . 1, 2,21-23Express operations ............................ 23
Failures, industrial and commercial ............. 7Farm income, marketings, and prices .......... 2, 3, 7, 8Farm wages .................................. 15Fats and oils ......................... 8,22,23,29,30Federal Government finance ................... 18Federal Reserve banks, condition of ............. 16Federal Reserve member banks ................. 17Fertilizers ................................... 8,25Fire losses ................................... 10Fish oils and fish ............................. 29Flooring, hardwood ........................... 31Flour, wheat ................................. 28,29Food products .......... 1,4-8, 11-15, 19, 22, 23, 26-30Foreclosures, real estate ....................... 10Foreign trade (see also individual commod.) ..... 21-23Foundry equipment ........................... 34Freight cars (equipment) ...................... 4, 40Fruits and vegetables ......................... 7,8Fuel oil ..................................... 35,36Fuels ............................. 4, 8, 22, 23, 34-36Furnaces ........................... ......... 34Furniture ................................ 4,8, 11-15
Gas, output, prices, sales, revenues ............ 4, 8, 26Gasoline ..................................... 1,35Glass and products ........................... 38Glycerin ..................................... 25Gold ........................................ 19Grains and products ..... . ............. 7, 8, 22, 27, 28Grocery stores ............................... 11, 12Gross national product ........................ 1Gross private domestic investment .............. 1Gypsum and products ......................... 9, 38
Hardware stores .............................. 11Heating equipment ........................... 9, 34Hides and skins ............................. . 8, 30Highways and roads .......................... 9, 10Hogs ........................................ 28Home electronic equipment .................... 8Home Loan banks, outstanding advances ........ 10Home mortgages ............................. 10Hosiery ..................................... 40Hotels ...................................... 24Hours of work per week ....................... 14Housefurnishings ....................... 1,4,8, 11, 12Household appliances, radios, and television sets . 4,
8,11,34Housing starts and permits .................... 10
Imports (see also individual commodities) ..... 1, 22, 23Income, personal ............................. 2, 3Income and employment tax receipts ............ 18Industrial production indexes: \
By industry ................................ 3,4By market grouping ........................ 3, 4
Installment credit ......................... 12, 17, 18Instruments and related products .......... 4-6, 13-15Insurance, life ................................ 18, 19Interest and money rates ...... ................ 17Inventories, manufacturers* and trade .......... 5, 6, 12Inventory-sales ratios ......................... 5Iron and steel ............ 4,5-7,9,10,19,22,23,31,32
Labor advertising index, strikes, turnoverLabor forceLamb and muttonLardLead
1612, 13
282833
Leather and products .................. 4, 8, 13-15, 30Life insurance .......................... . ..... 18, 19Linseed oil ................................... 30Livestock ................................. 3,7,8,28Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit) .......... 10, 16, 17, 18, 20Lubricants ................................... 35, 36Lumber and products ............... 4,8, 10-15, 19, 31
Machine tools ................................ 34Machinery ................. 4,5-8, 13-15,19,22,23,34Mail order houses, sales ....................... 11Man-hours, aggregate, and indexes ............. 14Manmade fibers and manufactures .............. 9, 39Manufacturers* sales (or shipments), inventories,
orders ..................................... 4-7Manufacturing employment, unemployment, pro-
duction workers, hours, man-hours, earnings. . . 13-15Manufacturing production indexes .............. 3, 4Margarine ................................... 29Meat animals and meats ............. 3, 7, 8, 22, 23, 28Medical and personal care ..................... 7Metals ....................... 4-7,9,19,22,23,31-33Milk ........................................ 27Mining and minerals ................. 2-4,9, 13-15, 19Monetary statistics ........................... 19Money supply ................................ 19Mortgage applications, loans, rates ....... 10, 16, 17, 18Motor carriers ............................... 23,24Motor vehicles .............. 1,4-7,9,11, 19,22,23,40Motors and generators ........................ 34
National defense expenditures 1,18National income and product 1,2National parks, visits 24Newsprint 23,37New York Stock Exchange, selected data 20,21Nonferrons metals 4, 9,19,22,23,33NoninstaUment credit 17
Oats 27Oil burners 34Oils and fats 8,22,23,29,30Orders, new and unfilled1, manufactures* 6,7Ordnance 13-15
Paint and paint materials. 8,25Paper and products and pulp 4-6,
9,13-15,19,23,36,37Parity ratio 7Passports issued 24Personal consumption expenditures 1Persona] income 2,3Personal outlays 2Petroleum and products 4-6,
8,11,13-15,19,22,23,35,36Pig iron 32Plant and equipment expenditures. 2,20Plastics and resin materials 25Population 12Pork 28Poultry and eggs 3,7,28,29Prices (see also individual commodities) 7-9Printing and publishing 4,13-15Profits, corporate 2,19Public utilities 2-4,8,9,13,19-21Pullman Company 24Pulp and pulpwood 36Purchasing power of the dollar 9
Radiators and convectors 34Radio and television 4,10,11,34Railroads 2,15,16,19,20,21,24,40Railways (local) and bus lines 23Rayon and acetate 39Real estate 10,17,18Receipts, U.S. Government 18Recreation 8Refrigerators and home freezers 34Rent (housing) 7Retail trade 5,8,11-15,17,18Rice 27Roofing and siding, asphalt 36Rubber and products (inch plastics) 4-6,
9,13-15,23,37
Saving, personal 2Savings deposits 17Securities issued 19,20Security markets 20,21Services 1,7,13Sheep and lambs 28Shoes and other footwear 8,11,12,30Silver 19Soybean cake and meal and oil 30Spindle activity, cotton 39Steel (raw) and steel manufactures 31,32Steel scrap 31Stock prices, earnings, sales, etc 20,21Stone, clay, glass products 4-6,8,13-15,19,38Stoves and ranges. 34Sugar 23,29Sulfur 25Sulfuric acid 24Superphosphate 25
Tea imports 29Telephone and telegraph carriers 24Television and radio 4,10,11,34Textiles and products.... 4-6,8,13-15,19,22,23,38-40Tin 33Tires and inner tubes 9,11,12,37Tobacco and manufactures 4-6,9,11,13-15,30Tractors 34Trade (retail and wholesale) 5,11,12Transit lines, local 23Transportation 1,2,8,13,23,24Transportation equipment 4-7,13-15,19,40Travel 23,24Truck trailers 40Trucks (industrial and other) 34,40
Unemployment and insurance 12,13,16U.S. Government bonds 16-18,20U.S. Government finance 18Utilities 2-4,9,13,19-21,25,26
Vacuum cleaners 34Variety stores 11,12Vegetable oils 29,30Vegetables and fruits 7,8Veterans' benefits 16,18
Wages and salaries 2,3,14,15Washers and driers 34Water heaters 34Wheat and wheat flour 28Wholesale price indexes 8,9Wholesale trade 5,7,11,13-15Wood pulp 36Wool and wool manufactures 9,39
Zinc. 33
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UNITED STATESGOVERNMENT PRINTING OFFIC
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON, D.C. 20402
OFFICIAL BUSINESS
POSTAGE AND FEES PAIDU.S. GOVERNMENT PRINTING OFFICE
First-Class Mail
MAJOR BUSINESS INDICATORS: ANNUAL SUMMARY, 1964-68
Item
National Income and Product
Gross national product, total (bil. $)
Personal consumption expenditures
Net exports of good*5 and servicesGovt. purchases of goods and services..
Gross natl prod total (bil 1958 dol )
National income (bil $)
Personal Income
Total (bil $)
Wage and salary disbursements, total.Other labor income _ __ ..Proprietors* incomeRental income of persons
DividendsPersonal interest incomeTransfer paymentsLess personal contributions soci'-il insur
Total nonagricultural income (bil. $)
New Plant and Equipment Expenditures
All industries total (bil $)
M ami facturing _Durable goods industriesNondurable goods industries ... __
MiningRailroadTransportation other than ranPublic utilitiesCommunication . -Commercial and other
Manufacturing and Trade Sales,Inventories, and Orders
Sales, total (bil. $)
Manufacturing, total . .Durable goods industriesNondurable goods industries
Retail trade, totalDurable goods storesNondurable goods stores
Merchant wholesalers totalDurable goods establishmentsNondurable goods establishments
Inventories, book value, end of year, un-adjusted, total (bil. $)
Manufacturing, totalDurable goods industriesNondurable goods industries
Retail trade, totalDurable goods storesNondurable goods stores
Merchant wholesalers, totalDurable goods establishmentsNondurable goods establishments
1964
632.4
401 294 08 5
128.7
581 1
518.1
497.5
333.716.652 318 0
17 834 936 712 5
480.9
44 00
18 589 439 16
1 191 412 386 224 30
10 83
884 2
448 0235 6212 4
261 984 6
177 3
174 375 798.6
110 3
63 238 225 0
30 212 917 3
16.99 g7 3
1965
684.9
432 8108 1
6 9137.0
617 8
564.3
538.9
358.918.757 319.0
19 838 739 913 4
519.5
51 96
22 4511 4011.05
1 301 732 gi6 944 94
11 79
963 3
492 0266 6225.5
284 194 2
189 9
187 182 7
104.4
119 6
68 041 926 1
33 514 818 7
18.110 37 8
1966
747.6
465.5120 8
5.1156.2
657.1
620.8
586.8
394.620.860.719.8
21 743 143 917 8
566.1
60 63
26.9913 9913.00
1 471 983 448 415 62
12 74
1 046 2
538 5295 6242.9
304.098 3
205 7
203 891 0
112.7
135 5
77.949 528 4
37 116 820 3
20.511 88 7
1967
789.7
492.2114 3
4 8178.4
673.1
652.9
628.8
423.423.360.720.3
22 946.851 720 4
609.3
61 66
26.6913 7013.00
1 421 533 889 gg5 91
12 34
1 067 5
548 5299 7248.9
313 8100 2213 6
205 290 4
114.7
142 2
82 653 229 3
38 016 821 2
21.612 39 3
1968 i
860.6
533.8127 7
2.0197.2
706.7
712.8
685.8
463.526.162.921.0
24 652.158 622 9
665.4
64 53
26.7813.5813.19
1 491 514 46
11 386.26
12 65
1 163 5
603 7331 0272.8
339 8110 3229 5
219 9100 0119.9
151 8
88 156 931 2
41 318 822 5
22.413 0q 3
Item
Manufacturing and Trade Sales,Inventories, and Orders — Continued
Manufacturers' orders (bil. $):New (net), total . -_ _
Durable goods industriesNondurable goods industries
Unfilled, end of year, unadjustedDurable goods industriesNondurable goods industries
Prices
Consumer prices, all items (1957-59=100)Wholesale prices (1957-59=100): All
commodities, combined index
Production
Industrial prod., total (1957-59=100)Manufacturing _ _ _
Durable manufactures _ __Nondurable manufactures _ _
Mining _ _ __Utilities
Construction
New construction, total (bil. $)Private, total _ _
Residential (nonfarm)Public, total
Civilian Labor Force
Total, persons 16 years of age and over,monthly average (mil.) ...
Employed..Unemployed __ _
Percent of civilian labor force..
Employment, Hours, Earnings
Employees on payrolls (nonagriculturalestab.), total, mo. avg., (mil.)
Production workers on manufacturingpayrolls, mo. avg. (mil.) ._ ._
Hours, gross, avg. weekly per worker. _Earnings, gross (dol. per hour per
worker)' _
Finance
Consumer credit (short- and intermedi-ate-term), outstanding, end of year:
Total (bil. $)Installment
Federal finance (bil. $):d*Budget receipts and expenditures:
Receipts, netExpenditures and net lending, total-
Money supply, etc. (av. of daily fig.1(bil. $):
Money supply, total _ _ _ _ _Currency outside banks __ __Demand deposits. . _. _ _ _ _
Time deposits adjusted (bil. $)
Foreign Trade
Exports, incl. reexports (bil. $) _.General imports (bil $)
1964
455.4243.1212.3
57 654.82 8
108.1
100.5
132.3133 1133.5132.6111.5151 3
66.245.826.320.4
73.169.33 85.2
58.3
12.840.7
2.53
80.362 7
112 7118.6
156 433 5
122.8119.4
26.518.7
1965
501.6275 8225.8
67.264.03 1
109.9
102.5
143.4145 0148 4140.8114 8160 9
72 350 326 322 1
74 571 13 44 5
60.8
13 441.2
2 61
90 371 3
116 8118 5
162 635 3
127.3137.6
27.521.4
1966
551.2308.5242.7
79.976.93.0
113.1
105.9
156.3158 6164.8150.8120.5173 9
75 151 124 024 0
75.872 92 93 8
64.0
14 341.3
2 72
97.577 5
131 0134.6
169.837.5
132.3154.0
30.325.5
1967
651.1302.3248.9
82.579.53.0
116.3
106.1
158.1159.7163.7154.6123.8184.9
76 250.623 725.6
77.374 43 03.8
66.0
14.340.6
2.83
102.180 9
149.6158.4
176.439.4
137.0173.3
31.526.8
1968 i
607.2334.5272.7
85.983.03.0
121.2
108.7
165167170163126202
84 657.028 827.6
78.775.92 83.6
68.1
14.540.7
3.01
113.289.9
153.5178.9
187.642.0
145.5192.2
34.433.1
1 Preliminary. tfData are for fiscal years ending June 30.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis