SCB_021969

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

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


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


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.


1967 1968 1969

Data: FRB & Census69-2-3


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.


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.


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


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


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

^î 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


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


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


Percent

REAL PER CAPITA DISPOSABLEPERSONAL INCOME**

- (In 1958 Dollars)

-

'^^"î 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


-

-

"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


-

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


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


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



Quarterly (|v) QBE


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




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


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)


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)


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



1967 1968*

1967

III IV

1968

I II III IV P


Billions of dollars

Table 4.—Relation of Gross National Product, National Income,and Personal Income (1.9)


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


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*


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


February 1969 SURVEY OF CUEEENT BUSINESS 11

1967 1968'

1967

III IV

1968

I II III IV P


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


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


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



1967 1968 P

1967

III IV

1968

I II III IV P


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



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)


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).


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."


13

330-841 O - 69 - 2



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


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.


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


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




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.


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.



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


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,



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


TYPES OF EXPENDITURES



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


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


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.


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


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


Indus-trial

Commer-cialand

miscel-laneous


recrea-tional

Socialand

recrea-tional

Rail-road,local

transit,andpipe-line

Tele-phoneandtele-

graph


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



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


Indus-trial

Com-mer-cialand

miscel-laneous


recrea-tional

Socialand

recrea-tional

Rail-road,local


Tele-phone

andtele-

graph


Constant cost 2

Allindus-tries *

Industry

Non-farm

Manu-factur-

ing


Indus-trial

Commer-cialand

miscel-laneous


recrea-tional

Socialand

recrea-tional

Rail-road,local

transit,and

pipe-line

Tele-phoneandtele-

graph


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.



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


Indus-trial

Com-mer-cialand

miscel-laneous


recrea-tional

Socialand

recrea-tional

Rail-road,local


Tele-phoneandtele-

graph


Constant cost 2

Allindus-tries i

Industry

Non-farm

Manu-factur-

ing


Indus-trial

Commer-cialand

miscel-laneous


recrea-tional

Socialand

recrea-tional

Rail-road,local

transit,and

pipe-line

Tele-phoneandtele-

graph


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


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



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


Indus-trial

Com-mer-cialand

miscel-laneous


recrea-tional

Socialand

recrea-tional

Rail-road,local


Tele-phoneandtele-

graph


Constant cost 2

Allindus-tries *

Industry

Non-farm

Manu-factur-

ing


Indus-trial

Commer-

cialand

miscel-laneous


recrea-tional

Socialand

recrea-tional

Rail-road,local

transit,and

pipe-line

Tele-phoneandtele-

graph


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


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.



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


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-



Min-ingandoil-

fieldma-chin-ery

Metal-work-

ingma-chin-ery

Spe-cial in-dus-tryma-chin-ery

Gen-eral




Serv-icein-

dus-tryma-

chines


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




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-



Min-ingandoil-

fieldma-chin-ery

Metal-work-

ingma-chin-ery

Spe-cial in-

dus-tryma-chin-ery

Gen-eral




Serv-icein-

dus-tryma-

chines


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


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.

s-1330-841 O - 69 - 3Digitized for FRASER

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

S-2 SURVEY OF CURRENT BUSINESS February 1969


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.


February 1969 SURVEY OF CURRENT BUSINESS S-3


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 $


-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.




1966 1967

Annual

1967

Dec.

1968


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




1966 1967

Annual

1967

Dec.

1968


1969

Jan.


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



1966 | 1967

Annual

1967

Dec.

1968


1969

Jan.


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




1966 1967

Annual

1967

Dec.

1968


1969

Jan.


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).




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




1966 1967

Annual

1967

Dec.

1968


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



1966 | 1967

Annual

1967

Dec.

1968


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.


February 1969 SURVEY OF CURRENT BUSINESS S-ll


1966 1967

Annual

1967

Dec.

1968


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.


S-12 SURVEY OF CURRENT BUSINESS


1966 1967

Annual

1967

Dec.

February 1969

1968


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.




1966 | 1967

Annual

1967

Dec.

1968


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


S-14 SURVEY OF


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


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.




19G6 1967

Annual

1967

Dec.

1968


1969

Jan.p


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:Êmployees, 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.




1966 1967

Annual

1967

Dec.

1968


1969

Jan.


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.Încludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los

Angeles-Long Beach.9 Includes data not shown separately.


February 1969 SUKVEY OF CURRENT BUSINESS S-17


1966 1967

End of year

1967

Dec.

1968


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


S-18 SUKVEY OF CURRENT BUSINESS February 1969


1966 1967

Annual

1967

Dec.

1968


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.




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.




1966 1967

Annual

1967

Dec.

1968


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.


February I860 SURVEY OF CURRENT BUSINESS S-21


1966 1967

Annual

1967

Dec.

1968


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


S-22 SURVEY OF CUKRENT BUSINESS February 1969


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.




1966 1967

Annual

1967

Dec.

1968


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.




1966 1967

Annual

1967

Dec.

1968


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,


February 1969 SUEVEY OF CURRENT BUSINESS S-25


1966 1967

Annual

1967

Dec.

«1968


1969

Jan.

CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS— Continued

Organic chemicals, production:Âcetic 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.




1966 1 1967

Annual

1967

Dec.

1968


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.




1966 1967

Annual

1967

Dec.

1968


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.


S-28 SURVEY OF CURRENT BUSINESS February i960


1966 1967

Annual

1967

Dec.

1968


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



Union otherwise stated, statistics through 1966and descriptive notes are shown in the 1957edition of BUSINESS STATISTICS

1966 | 1967

Annual

1967

Dec.

1968


1969

Jan.


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.




1966 | 1967

Annual

1967

Dec.

1968


1969

Jan.


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.


February I960 SURVEY OF CUKKENT BUSINESS S-31


1966 | 1967

Annual

1967

Dec.

1968


•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.


S-32 SURVEY OF CUKEENT BUSINESS February 1969


1966 | 1967

Annual

1967

Dec.

1968


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




1966 1967

Annual

1967

Dec.

1968

Jan. Feb. Mar. 1 Apr.I

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

1969

Jan.


NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tonsRecovery from scrap (aluminum content) do

Imports (general):Mêtal 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.



Unless otherwise stated, statistics through 1966and descriotive notes are shown in the 1967edition of BUSINESS STATISTICS

1966 | 1967

Annual

1967

Dec.

- ~ -"- •- - - — —1968


1969

Jan.


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.




1966 | 1967

Annual

1967

Dec.

1968


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.




1966 1967

Annual

1967

Dec.

1968


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.


February 1968 SUKVEY OF CURRENT BUSINESS S-37


1966 1967

Annual

1967

Dec.

1968


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


Coarse paper:Orders, new doOrders, unfilled, end of period 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.


S-38 SURVEY OF CURRENT BUSINESS


1966 1967

Annual

1967

Dec.

February 1969

1968


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.




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 êr 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.




1966 1967

Annual

1967

Dec.

1968


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.Êxcludes railroad-owned private refrigerator cars and private line cars.

by months. « Omits data for 1 State.


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


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. $)


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