. survey of CURRENT BUSINESS

U.S. DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS SURVEY OF CURRENT BUSINESS

FEBRUARY 1964 VOL. 44, NO. 2 U.S. Department of Commerce Luther H. Hodges Secretary Office of Business Economics George Jaszi Director

* * * Contents Louis J. Paradiso Associate Director Murray F. Foss Editor PAGE K. Celeste Stokes Billy Jo Bur THE BUSINESS SITUATION Statistics Editor Graphics STAFF CONTWBUTORS Summary ...... •.•...... •...... 1 TO THIS ISSUE Steel Production, Inventories, and Consumption ...... •... 3 Business Situation: Francis L. Hirt Strong Automobile Market Continues ..•...... •.••.... 5 Lawrence Bridge Alan Odendahl ARTICLE Article: Government Programs for Fiscall964 and 1965 ...... •• 7 Charles W. Walton

NATIONAL INCOME AND PRODUCT TABLES ...... ••...••• 13 * * * CURRENT BUSINESS STATISTICS Subscription prices, including weekly st General ••••••.••••• ,...... SI-S24 tistical supplements, are $4 a year for d Industry ••.• , ••••• , ••• , • • • • • • • • ...... • • . . • S24-S40 mestic and $7.50 for foreign mailing. Sin~ issue 30 cents. Subject Index ...... Inside Back Cover Make checks payable to the Superi tendent of Documents and send to U. Government Printing Office, W asbingto D.C., 20402, or to any U.S. Department Commerce Field Office.

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Situation

EcoNOMIC activity continued to Federal purchases increased on a current Employment up, weekly hours down move ahead in the opening weeks of dollar basis, the rise in Federal outlays Employment in nonfarm establish­ the new year. The various broad was small. ments declined somewhat less than measures of business conditions in seasonally in January. The rise of January~prrsonal income, rmploy­ about 100,000 on a seasonally adjusted RETAIL BUYING IN EARLY 1964 ment, industrial production and retail basis was approximately equal to the Close to High End-of-1963 ~ate sales~wen' either about as high as or average monthly rise that took place higher than they were at the end of Billion, $ -(ratio •col<~) , 24 over the past year. Except for mining, 1963. Even though the economy is SALES OF RETAIL STORES which dipped slightly, and construc­ about to enter its fourth year of tion which was off sharply (70,000), all sustained recovery and most business of the major industry divisions in­ measures are at peak rates, growth has 20 creased a little more than seasonally. not bet'n fast enough to reduce tht> Unusually bad weather around the persistent high rate of uncmploynwnt. middle of the month adversely affected 1,8 It is against this baekground that thr• the survey results, particularly em­ Federal income tax cut, the first major ployment in outdoor activities. change in t(•n years, has been enacted. 16 Gains in seasonally adjusted manu­ Fourth quarter GNP I facturing employment were small but Nondurables fairly widespread. Employment in pri­ Fourth quart(•r GNP figures appear i mary metals industries was up for the in the tablPs on pages 13-16 of this second month in a row and transporta­ issue. Total output for the quarter, tion equipment rose again, almost back at a seasonally adjusted annual rak to the high levels of last October. On of $600 billion, was up $11% billion, the the other hand, average weekly hours largPst quarterly rise of the yt>ar of work in manufacturing fell by more whether measured in current or con­ than the usual amount; declines were stant dollars. The increase in personal consumption expenditures was par­ fairly general, steel and transportation ticularly strong, mainly because of equipment being important exceptions. automobile purchases. Fixed invest­ The unemployment rate was little ment continued to move higher, with changed over the month at 5.6 percent advances in the major types of private of the labor force, about the same as it construction and in producers' durable has been for about the past 2 years. equipment. Two elrments that had dampened the rise in production in Personal income the third quarter of 1963~Iwt exports Total personal income rose in January and the change in business inventories~ by $2.7 billion at a seasonally adjusted both made good-sized contributions rate to $4 78.7 billion. Several special to higher output in the closing quarter. developments during the month affected While both State and local outlays and the change from December. The pay- 1 2 SCHYEY OF CURRENT HUSIXESS

Table I.-Inventory-Sales Hati•>s in appli,mce sales are also improved. some backing: up of nondurable good; l\Ianufaeturing and Trade X onclurnhle gnods snles are showing inn•ntoriPs m the fe,,- month,.; pnor t< i\T am; [,;c-IC\Ianu[,Jc-1 !{(•tail \l\It>rcllant more strength than they did m t.he Decem her-a deYelopment that wm tunng tunng uadt• I wholr­ and tmdel I ~aler" fe,,- months hc•fore Decen~ber. probably related to the fact that non­ l durable goods sales at retail m thE bu.:en tories not high December Sept ember-November period werE 1956 ______I 1. 55 1. 74 1. 4.) 1. 20 The new yenr IS starting with m­ somewh1tt sluggish. The sharp picku:r: 1957 ______1. 66 1. 90 1. 47 1. 28 ,·entories m a comparatively good in retail sales in December in soft good~ 1958__ __ ------1. 53 1. 74 1. 37 1.18 condition relative to the current volume stores seems to have worked off part oJ 1959 ____ ------1. 53 1. 70 1. 43 1. 19 of output or sales. Stock-sales ratios the earlier accumulation. !960______1.60 1. 79 1. 49 1. 27 for manufacturing and trade at the 1961______1. 51 1. 69 1. 39 1.17 end of 1963 were a bit lower than they Rise in capital outlays 1962 ____ ------1.54 1. 75 1.3~ 1.19 had been at the end of recent years. Output of capital goods appears to bE 1963 P ______1. 49 1.68 1. 36 1.16 (See table 1.) In view of the fact that movmg higher. The Federal ReservE the upturn is now 3 years old, and pre­ v Preliminary. Board index of production of busines~ Source: U.S. Department of Commerce, Bureau of the vious upturns of this duration h1we been equipment rose agam m January, ex­ Census. marked by increases in inventories rela­ tending the rise that started last spring. tive to sales, the current level of these The last OBE-SEC survey of invest­ ment of an accelerated life insurance ratios must be judged favorable. ment intentions, published m Decem­ dividend to holders of GI insurance­ The nse in im·entory accumulation ber, indicated that businessmen were the fourth in the past 3 years-added in the fourth quarter contributed to the scheduling a modest increase in outlay~ $2.1 billion to the total on an annual increase in GNP for the first time since in the first half of 1964. basis. The second step of a federal the opemng quarter of 1963. On a The prospective nse m business government pay increase added $0.4 book ntlue basis manufacturing and capital expenditure is being reflected in billion to Government payrolls, which trade im·entories rose more m the the nsmg trend m new orders for ma­ fourth quarter than in any other quar­ in aggregate rose by $0.6 billion. chinery and equipment, which have Finally, dividend payments fell by ter of the year-about $1.4 billion fm shown successive advances on a quar­ $0.8 billion from the December rate, the 3-mtmth period. Most of the addi­ terly basis throughout 1963. Season­ which had included hetn·y year-end tion came in October and No,Tember e-xtras. The net total of these three and much of this was m nonduntble ally adjusted orders m December were special items thus accounted for over goods. December stocks rose only $.01 the best on record-5 percE'nt above tlw 60 percent of the total net increase for billion, as declines in business holdings previous high in October and 12 perct'nt the month. of soft goods offset most of the rise m larger than bookings. Private payrolls were up by about durable goods. Apparently there was Year-end unfilled orders were also at a $?f billion from December as a result of small increases in most industry Table 2.-New Orders in Durable Goods lndust•·ies (Billions of dollars; seasonally adjusted) divisions. The manufacturing total was slightly higher in spite of the drop Total fense ~\fttchinery f'OOds products Col.(l)-(2) Steel Col.(3)-(4l and equip- in total production-worker manhours, n1ent partly because of somewhat higher (I) I (2) (3) (4) (5) (6) average hourly earnings. An increase in interest payments and !rJfJ'2 January_ ------17. 7 2.0 15. 7 2. 1 1:1.6 3. 1 in transfers other than the special Februc1ry ------17. 7 2.0 1.). 7 1. 7 13. 9 3. 3 :vr,uch ______------17. 2 2. I 15. I) 1. 5 13. e 3. 0 dividend accounted for most of the _-\.priL ------17. 0 2. 2 14.8 .8 14.0 3. :J :VLly ____ ------17. 2 2. 2 15. I) 1. 1 13. 9 3. 1 remainder of the January increase. June ______------16. G 2. 1 14.6 1. 3 13.3 3. () July ------10.9 2. 1 H.8 1.2 13.6 3. 1 Retail sales _'\.ugu-;t ------16.6 1. 9 14.6 1. ;l 13.4 2. 9 8ept('llllwr ____ ------!G. 5 I 1.9 H. 7 1. 4 13. 3 3. I Consumers continue to be in a good Octol><•r ____ ------17. 3 2 1 15. 2 1. 5 t:l. 7 3. v ~0\"l'l\liH'r ------16. 7 1. 7 J.). 0 1.4 13.6 3. 2 spending mood. The advance report lh'I..'Pllllll'r_ ------17. 3 2. 5 14. 8 1.3 13. 5 3. 1 on retail trade put January seasonally ]:lri! adjusted sales around tl1e higl1 .Janu:1r~ ------18. 5 2. 9 j.i. 6 1. .) 14. 1 3. 3 Fl'hnt;lry ------18.2 2. I ltl. I 1. 7 H.-! 3. 2 December rate and somewhat ahoYe :Y.L.trcll __ ------18. ~ 2. -! 16. -! 2. 0 1-!. 4 3. 2 .-\.pril ------!9. 0 2. 0 17. 1 2. 4 H. 7 3.-! the fourth quarter 196:3 an•rage. :VLiy _____ ------18. 7 2. 4 16. 3 I. 8 H. 3 3. -! 17. 7 1.9 1-5. 8 1. 3 1-!. 5 3.:3 December sales were up sizably from .lun''------July_ ------18. 3 2. 4 ],) 9 1. 3 H. 6 3. :l Kovember-2% percent-and were at _-\ugu::;t ------18. I 2. -! 15. . 1.2 H. ,) 3. ;) 8PtHt'llllwr __ . ------18. 2 2. 5 15. 8 I. -! 1-!. -! 3.-! a record rate. Octoi><-r______------18. 6 1. 9 16. 1.6 15. l 3. -! ~0\'l'lllher_ ------18. I 2. 0 w. I 1. 3 14.6 3. ;; Auto sales, which ,u·e discussed Dt't't'ml>l'r p ------17. 7 1. 4 16. ;j I. 5 14.9 I 3. 6 further on in greater detail, are still v t'reliminctry very buoyant and furnitme and Soufl.'L': r .~. DL'lhtrtutl'llt or Collllllt'fCE', Bureau of the Census. SCHVEY OF Cl~RHEXT BUSIXESS 3

11<'\\- p<'nk. 14 percent abon• those' of though ordt>rs in latl' 196:) are WC'll below in n:•ntories of last summer now basic all.\~ DPI't•mlwr 1%2. WhE'n backlogs are tlw high rates of last spring. worked off, stocks appear to be balanced r·xpn·ssNl n•latiYe to curTPnt sale's, Ordprs for drfenst' goods hav0 also relati,~P to consumption and should be ho\\-I'V!'r, tht• elmngps OVC'l' thC' year are actC'd as a drag on the durable' goods responsi\~e to the rising activity in metal nnl<'h kss pronounced. total. Fourth quarter dPfPnsC' orders fabricftting that seems to be taking For durn ble goods as a whole, new wert' clC'arly t llC' lowC'st for the calendar place. At the end of December manu­ ordt•rs han" bec•n on a. platC'au since' year and would still be low even if thP facturing consumers' im'entories of steel early last yc•ar. Partly this is a result very sharp drop in DecembN is were 1.92 months of current consump­ ':f the very pronounced changes in new discounted. tion-down slightly from the 1.95 ratio orclt>rs for stN'l, which were unusually Table 2 provides a partial breakdown at the close of 1962 and from the some­ lwaYy from February to May of last of the durable goods new order total. wha.t higher ratio at the end of 1961. year and slumped sharply in the en­ Excluding steel and defense, the 1963 While prospects are good for some stock­ suing 4 months after the agreement on movement appears to have been gen­ building in the near term, it seems un­ thC' labor contract. Since Octobt>r there erally upward although a bulge is likely that the first part of 1964 will see has bC'C'n some pickup in steel c!C'mand apparent in October. a repetition of the 1962 and 1963 ex­ perience, when heavy stockpiling devel­ oped in anticipation of a steel strike. A good year for steel Production in the steel industry in 1963 was the highest since 1957, even Steel Production, Inventories, and Consumption though operations were at a relatively low level in the second half of last year. Output for the year, which totaled 109.3 million tons of ingots and castings, was 11 million tons higher than in 1962 STEEL production has been increasing tinned to decline-by almost 1 million though still short of the 1957 total of on a seasonally adjusted basis since Octo­ tons. The decrease, however, was no 112.7 million tons. From 1958 through ber. Ingot output in January amounted greater than in the previous quarter; 1962 output ranged between 85 and to 9.5 million tons-an increase of 9 thus an important negative influence 99 million tons per year. percent over the December total, more on the change in steel production was Although inventories were liquidated than the usual seasonal rise; a further eliminated. Quarterly data from the in the second half of 1963, on balancP expansion occurred in the first week of Census Bureau survey for 1962 and the year was one of inventory accumu­ February. On a seasonally adjusted 1963 are shown in table 3. lation, and it appears that the shift basis, the total advance in iron and Total steel stocks increased in Decem­ away from inventory reduction in 1962 steel output since the September­ ber for the first time since July. The accounted for a very sizable part of thP October low has amounted to 7 percent, increase was at the mill level rather than steel output rise-possibly as much as a relatively moderate increase when by consumers, whose stocks declined; one-half. In 1962 total steel stocks compared to the drop of nearly 25 however, the decrease in consumers' (including in-process inventories) held percent aftpr last May. Even so, the stocks was the smallest monthly drop by all manufacturers and warehouses current rate of production is slightly smce midsummer. With the excessive fell by 1.8 million finished tons; in 196:3 above the 1963 average. Table 3.-Finished Steel Inventories and Steel Consumption Change in inventory position I Contribution to production change z The stepped-up pace of output since Inventory Consumption -----~---·------Period change 1 C~lanufac- i early last fall reflects increased demand I turl'rs Inventory Consumption 1 Col. (3) pit" only) change 1 col. (4) •)Y a broad range of metal-using I (1) I (2) (3) (4) I (51 industriPs·---such as motor vehieles, construction, producers' durable equip­ (:\1illions of tons. not adjusted for seasonal variation\ ment, and consumer appliances-as 1962 I L______------3. I . 12.9 '------·------IL ______------2,4 13.9 -5.5 1.0 -4.. > well as a shifting pattern of demand for IlL ______-2.2 12, 7 0, 2 -1. 2 -I. II IV ______stPel inYentories. From the sl:'cond -0.3 1 13. 6 1. 9 o. 9 2. ~ to tllC' third quarter of 1963 there had 1963 L~------l.l 13.4 1.4 1.! hE'en a ntnrked shift from inventory IL ______2.6 I 15. 1 1.5 -0.211.7 3.:! IlL ______-3,5 :t(•t·umulation to decumulation and a -o.9 1 13.3 -1.8 ' -5.3 IV ______-0.9 1 15,0 0 I. 7 ' 1.7 stPPp dPdine in output. From the 1. Includes finislH'd and work in process inventories of steel mills, and finished inventories of other manufacturing eorn· be~innin~ to the end of thP fourth paniPs and wholesakrs. quartPr sted inventories held by mills, 2. Columns (3) and (4) arc obtained by difforl'Ilcing successive quarters in columns (1) and (2), respectively. Source: U.S. Departnwnt of Commerce, Office of Business Eronmnies. Bused on Bureau of the Census survey of Invl'n· manufal't urNs, and warehouses con- tories and Consumption of Steel Mill Shapes. 4 SURVEY OF CURRENT BUSINESS February lHti-t they rose by 1.9 million tons. The 1955 total, even though car and truck mills were closed down for almost 5 swing of 3. 7 million tons over this production last year was only 1 percent months as a result of the work stoppage. period may be compared with the out­ below that of 1955. In pnrt this is a The excess of imports over exports in put rise of about 7.6 million tons-the reflection of the trend to smaller cars, 1963 was also the largest on record, and approximate finished tonnage equiva­ discussed elsewhere in this issue. was the fifth consecutive year of an lent of the 11 million ingot ton increase. There was also a significant increase unfavorable trade balance in steel. The above calculations exclude changes in steel demand by the railroad trans­ Prior to 1959, the U.S. had been a in holdings of all nonmanufacturing portation industry, mostly for the consistent net exporter of steel, with users, such as the railroads, mining production of rolling stock. New or­ an export balance generally ranging companies, and construction firms, which ders for freight cars were the largest in from 2 to 3 million tons per annum. account for about one-quarter of steel Through most of the 1950 derade, consumption, but it is not likely that exports averaged close to 4 million tons this exclusion would invalidate the ',FOREIGN TRADE, iN per year and accounted for 4?f percent conclusion that the inventory shift had STEEL MILL PRODUCTS of total U.S. steel shipments; more an important effect on the output rise. ''• l!"po rt$ fmed Exporidor filth Con;etlltlve Ye.• hiip~rl &a1anc<~ al New High in 1.963 · to less than 3 percent. ~1eanwhile, Steel consumption at record high Million NetT~"' ,~~--~--~----~----~=-~ imported steel, which constituted about Steel consumption increased steadily 1 percent of total mill shipments in the in 1963 as activity in the metal-fabri­ 1950's, rose to 7 percent in 1963. The cating industries and construction growth in steel-making capacity in moved higher. According to the Cen­ Western Europe and in Japan, and the sus data, the use of steel by manufac­ increased availability of steel for ex­ turing consumers increased by 7 percent port in these countries at prices gen­ over 1962. Although complete figures erally below domestic quotations are on consumption are not available, ac­ the principal factors that have eon­ cording to industry sources steel con­ tributed to the reversal in this Nation's sumption was larger than in any other trade balance in steel products. year, including the 1955 high mark. Table 4 provides summary data on The gradual shift toward the use of production, shipments, exports, and lighter weight steel, the increasing use imports. It may be noted that the of substitute materials--cement, alumi­ 1947 50 ss 65 comparisons between 1963 and the cO -P~eUminary .._ num, and plastics-in some importtmt mid-1950's change when the basis is end-products, and a shift in product U.S. Deputment of Commer-ce, Office ot Sus:intss fwMIJHCs shifted from produetion to supply avail­ mix toward decreased steel use per unit able for the domestic market, because of output have been factors limiting the of the turnaround in the foreign trade growth in steel use over the past several 8 years. Shipments of freight cars balance. years. moved up throughout the year and were Table 4.-Production and Supplies of Steel Most consuming markets took larger particularly strong in the second half 1 of 1963. quantities of steel in 1963 than in 1962. 1957 11955-571196211963 The automotive and construction in­ Iaverage (pre!.) Imported steel continues rise dustries, two important sectors of the (Millions of tons) economy which experienced impressive The steel industry in 1963 continued output gains last year, accounted for to feel the effects of competition from Steel ingot production ______112.7 115.0 98.3 109,3 nwre than half of the incrense in ship­ abroad. Last year imports amounted Finished steel supplies: ments to domestic markets. Despite to 5?f million tons and exports 2.2 Total shipments from the substantial increase in tonnage domestic production ____ 79.9 82.6 70.6 75.6 million tons of finished steel; in 1962 Plus: Imports ______1.2 1.2 4.1 5. ·' shipped to the motor vehicle industry, the comparable totals were 4.1 nnd 2 Total new supply ______81.1 83.8 74.7 81.1 it was still about 10 percent below the million tons, respectively. Imports in Less: Exports_. ______5.2 4. 4 2.0 2. 2 Available for domestic 1963 were the largest on record, ex­ market.----·------·-·- 75.9 79.4 72.7 78.9 1. Separate data are not available on both consumption ceeding the previous peak of 4.4 million and inventory change by consuming industry; consequently, Source: U.S. Department of Commerce, Bureau of the the market discussion here is in terms of shipments. tons in 1959, when the Nation's steel Census, and American Iron and Steel Institute. FPhruary 1964 SURVEY OF CURRENT BUSINESS 5

(3) (4) Change Change in auto in GNP Column A. Trough to Peak product (3) as percent of (1) (2) column 1Seasonally adjusted (4) annual rates in G:\"P Trough G:\"P Pt•ak billions of 1954 Strong Automobile Market Continues dollars)

2nd qtr.1949 to 2nd qtr.1953_ 3. 0 82.9 4 2nd qtr.1954 to 3rd qtr.1957_ 2.6 51.5 5 1st qtr. 1958 to 2nd qtr. 1960_ 6.4 50.5 13 ACTOMOBILE sales in recent months million versus 7.3 million. When im­ 1st qtr.l961 to 4th qtr.l963I_ 9.3 67.7 H have been at record rates and the ports are included, however, calendar B. Peak to Trough demand for new cars has shown sus­ year 1963 auto sales were the highest GNP Peak GNP Trough tained strength for more than two years. recorded. Unit sales in the first 4 months of the 4th qtr. 194~ to 2nd qtr. 1949_ 2. 6 -7.0 ------1964 model year were at a seasonally Auto product increases relative to 2nd qtr.l953 to 2nd qtr.1954_ -0.7 -13.7 5 adjusted annual rate of 7% million, Gross national product 3rd qtr .19.57 to 1st qtr. 1958 __ -6.3 -18.0 35 2nd qtr. 1960 to 1st qtr. 196L -5.1 -8.4 61 almost 6 percent above the comparable The strong demand for automobiles period of the previous year and the most in 1962 and 1963 has resulted in sub­ 1. Latest quarter available in current recovery. favorable start of any model run (see stantial increases in "gross automobile chart). The 7% million annual rate of product" both absolutely and relative tions of the overall declines in current sales was maintained in . to total gross national product.1 Auto dollars. In judging these relationships product-which measures the contri­ it should be noted that the cycles in bution of the production of new cars auto product and GNP have not and the distribution of new, used, and always coincided in time or duration; imported cars to total output-totaled on occasion the former have shown a about $24 billion in 1963, up 12 percent cycle independent of overall activity. from 1962 and 38 percent from 1961. The respective increases for total GNP Short- and long-term factors in auto were 5% percent and 1:3 percent. Auto demand product reached a record $26 billion Most factors contributing to the annual rate (seasonally adjusted) in the demand for autos have continued last quarter of 1963, or about 4% favorable throughout the current re­ percent of GNP. covery. Incomes have been rising As can he seen in the following table, steadily, new car prices have been auto product has been accounting for stable absolutely, and lower relative increasing proportions of the cyclical to overall consumer prices, and used swings in GNP over most of the post­ car prices in December were above war period. In recoveries, there have year-ago levels. Ample credit has been been successive increases in the relative available, and the long-term trend to­ contribution of the rise in real auto ward longer loan maturities and smaller product to that in GNP-from 4 downpayments has apparently con­ percent in the 1949-53 period to 14 tinued. percent thus far in the recovery since early 1961. Similarly, the reductions Table 5.-Auto and Total Credit as a Percent in auto product in successive recessions of Disposable Personal Income

starting with that of 1953-54 have Automo- Antomo- Automo- bile bile bile All constituted rising percentages of the paper paper paper consumer repaid extended ontstand- debt t overall GNP declines. Furthermore, ing I During the 1963 model year (October these proportions are considerably -----1------1962-8eptember 1963) dealers sold a 1955 ______4.8 6.1 4.8 13.7 larger in downturns than in recoveries. 1956 ______5.0 5.3 4.8 14.1 rl:'cord total of 7.6 million new cars: 7.2 5.0 5.3 4.9 14.4 In the 1957-58 and 1960-61 recessions, 19581957 ----·------______million domestically produced units 4.8 4.5 4.4 13.9 auto product declines were one-third 1959 ____ ------4.6 5.3 4.8 15.1 (also a peak) and about 400,000 foreign 1960 ______4. 7 5.0 5.0 15.9 and three-fifths, respectively, of the 1961______4. 5 4. 4 4.6 15.5 cars. In the 1955 model year 7 million 1962 ______-- 4.5 5.1 5.0 16.1 overall declines in GNP in real terms, 1963 ______4.8 5. 5 5.4 17.0 American cars and approximately 50,000 and represented even higher propor- foreign cars were sold by dealers. On 1. End of year outstandings to fourth quarter disposable a calendar year basis, sales of domestic 1. Detailed statistics, concepts, and methodology relating personal income at seasonally adjusted annual rates. to gross automobile product appeared in the Source: Board of Governors of the Federal Reserve System cars in 1955 exceeded those in 1963-7.4 SuRVEY, pages 13-19. and the U .8. Department of Commerce. 6 SURVEY OF CURREXT BUSIJ\ESS

The number of families is growmg, auto debt repayments to disposable in­ boom both in absolute IlUJllber- and there is a continuing movement come in Hl6:3, however, was not at a 600,000-and in relatin penetmtion­ from urban to suburban areas, where peak: while the rate was higher than in almost 10 percent of the market. the ratio of cars to families is ap­ the 1959-62 period, it was slightly Domestic compacts (produced thell preciably higher than average. The below the 5 percent levels that prevailed only by two smaller c-ompanies) ne· suburban building boom in apartment in 1956 and 1957 (see table). Credit counted for 8 percent. houses with the generally ample pro­ extensions in 1963, however, were equal Compact cars were genemlly intro­ vision for parking facilities is un­ to 576 pereent of income, a ratio higher duced in the fall of 1959 for the 19Gfl doubtedly a positive factor in the than in any year except 1955. model year. The pereentage share of current auto market. Sinee the middle 1950's the average compacts soared to almost one-fourth iiJ There was a further significant rise length of maturity on auto installment in 1963 in the proportion of families loans has increased. This helps to ex­ owning two or more cars. Both the plain why outstanding debt is at a peak Bureau of the Census and the Survey relative to ineome while repnyments Research ('enter of the University of are not. Fmgmentary data indieate 1Iichigan reported a larger year-to­ that the average maturity on ne\v ear year rise in this percentage from 1962 loans acquired by banks in late 1963 to 1963 thnn in nny other year since was nbout one-eighth longer than in the mid-1950's. Both surveys suggest late 1955, and slightly longer than in that about one out of every five families the latter part of 1962. \Yell over (or spending units) in the two-thirds of the new car contracts in 1963 owned two or more cars. acquired in 1963 were for terms of over Only 1 out of 20 spending units were two and one-half years; almost all were in this category 10 years ago. for exaetly 36 months. The comparable proportion in late 1955 was somewhat Auto debt at new high under two-fifths . .1\ mv car sales are affected by credit conditions in at least two wnys: by the Shifts in auto market shares relative ease prospective buyers en­ Table 6 shmYs some of the ehanges countered in obtaining installment fi­ that ha,-e occurred in the auto market nancing, and by the burden that repay­ sinee model year 1955. At that time ments on debt place on income. At the the output of compacts nnd new car im­ end of 1963 automobile paper outstand­ ing totaled more than $22 billion and ports was negligible, and the standard­ total consumer credit almost $70 billion. size Amerienn auto accounted for about Mod~! Yet~n 98 percent of the market. Buying of ~~•ed on «>mpori><>ii oHir$14 lllonth> oll9f>S Qnd · Tlwse debts represented about 5% per­ .; 1964 N\o.dol Yeoro · O

Fir~t -1 months productimt J'OSt' to almu,;t oue-third of HkiO 1HG3 domestie output plus imports. ~T~ In the 1962 model yenr iuwthcr cum­

I (Thousands of rars) pact and two intermedi:tte-sized cnn: were placed on the market. The latter I Produetion and imports ___ _ ..... I 7, 181; 1 6,1381 6, 5641 5,8041 7, o2s I 7. 731 3, 730 I I cars were the same 1\·idth us compllcts Production ______o·- 7. 1~0 ! .),.~t)8 fl,012 I 0. 4W I 11. tiS7 ! 7. 3"0 3 .... .--,, 3, 01.1 len~::tb lmpons_~ __ ------______lll:i but their wheelbase and o\·eri,ll nO i .1i0 1 :..12! :3il:-; ! a:Js i on 1 113 I I '·"'II I were ronglly nticbvay bet \H'E'll the conJ­ 1Percent dbtrihution) paets and standards. The combiner! llC\Y Production and imports ______!00 100 100 100 100 i 100 100 sales of the compaets and the intermediates amounted tu almost :)9 StandHnl~-- __ ------· 83 GS ;)/ ,-,g 57 <'Oillpa<'tS ______------8 :24 :n 31 33 Internwdintes ______,o ;. percent of the new cnr lll, .\tHomoth·e ~'"ewsl and 1.-.s. Department of Commerce. (C'ontin11ed on page 12) By CHARLES\\. 'rALTON

Government Programs For Fiscal1964 and 1965

THE Federal Budget presented to from fiscal 1960 to fiscal 1963, Federal t0\n1l'd balance, if not into surplus, is Congress earlier this year reflects expenditures on the national income implied some time in calendar 1965. Yarying chnnges in Federnl expenditures account basis increased an a Yerage of Summary data for the three budgets from fiscal 1964 to fiscal 1965, depending $6% billion a year, and the rise in fiscal are shown in table 1. on what budget eoncept is used. The 1964 Is estimated at $6% billion. The decrease in the deficit docs not Administrnti \'e Budget proposes a re­ Federal purchases of goods and mean that Federal fiscal policy in duction of $% billion in expenditures; services-the part of the Federal total fiscal 1965 will restrict economic activ­ the cash budget proYides for no ehange that is counted as a component of the ity. The tapering of expenditures, in cash payments to the public, while GNP-is expected to rise $1% billion. which is the main faetor leading to a on a national income and product This compares "'ith an average annual reduced deficit, \Yould be offset by increase of $3% billion for the 1960-63 higher consumption and investment period and a rise which is estimated outlays as a result of the stimulating FEDERAL FISCAl POSITION to be only slightly smaller for fiscal effeet of the cut in tax rates. Deficit Expected to Decreose in FY 1965 year 1964. on All Three Doses If the economic projections under­ Tahle I.-Federal Gowt·nment Heceipts ami lying the Budget document materialize, Expenditures, Fiscal 1963-65 Billion$ Federal Government receipts under nll (Billion dollars) three budget concepts will increase by 1\lli~ I 1904 I 1%> 5 • a bout $5 billion in fiscal 1965, nft er ctetual 'estimale estimate allowance for the estimated reYemie I losses from the tax prognnn proposed Administrative Budget: Heeeipts ____ S1:. 4 93.0 ''· .j in the Budget,, The tax reduction Expenditure~--- ______~~:?. () !IS. 4 97.9 Surplus (+) or defieit (-) proposals inn>h'e an initial loss to the ____ ------!i.3 -10.0 -4.9 Consofidat$d ··.. Cash 8-vdget Treasury of about $S billion before Cash Budget: \ --- I any feedback effect. HO\nwr, the Heeeipt;-: ______1m1.-; 114 .• llO. 7 ...... 1-:-.., Expenditures ______1I:l.~ 122. 7 122.7 rise of business .md consm1wr incomes Surplu:-; (+) or def1eit -5. (-) ____ - under the economic stimulus of the tax -4.0 -8.3 -2.9 ··•··· ...... ) ....· .. . National income and prod- cuts, coupled with thP lllldPrl_\'ing net aecount:

Administrative \ growth in the ceonomy, is 0xpeded to He{·elpt~---- 10\1. ;{ ll~l. () ll8. 8 Budget \ ...... / Expewlit ures. ____ ll:!.fl 11\1.1 121.5 -10. generate enough additional l'l'\'etluC's to :-:urp1ns I+) or defi(·it (-j ____ i oYerride this loss and to adYance total ·- -:J.:i -:J. ;) -:!. s

reeeipts as indicated. ~Otll'('e~.: "The Budget oft he l-nitef rising expenditures, all three budgets by major colllponent nnd by qunrtt>rs billion. nre projected to rellllllll in dPficit for calendar year 196:3. Howe\'er measured, the proposed through fiscal 1965. The deficits in The estimates or total expenditures for fiscal year 1964-65 changes in expendi­ fiscal 1965 will, howeYer, be smaller fiscal year 1964 imply iuereascs or ap­ tures present a picture that differs than in fiscal 1964, and on the nationnl proximately $2 billion, seasonally ad­ from recent experience. For example, mcome account basis a moyement justed annual rate, for the first two 7 8 SURVEY OF CURRENT BUSINESS quarters of calendar year 1964. If Fed­ ment. Similarly, on the expenditure ANNUAL INCREMENTS IN FEDERAL eral purchases of goods and services are side, an attempt is made to synchronize fURCHASfS OF GOODS AND SERVICES to reach the $67.8 billion level projected Federal purchases with other sec! ors lnaetue in Pura:::.onally adjusted at annual rates hand. This \Yill move into fiscal 1964 some cash outlays that would otherwise 1963 1964 1965 1963 actual esti· esti- have been made in fiscall965. Second, mate mate II III IV ·net outlays of Federal lending programs

i are expected to decline substantially Federal Government receipts ___ .. ___ ------·------···--·------109.3 113.6 118.8 110.0 112.3 114.3 n.a. Personal tax and nontax receipts_------·---·-· ______50.1 50.1 52.3 50.0 I 50.4 51. 1 52.2 in fiscal 1965. Such financial trans­ Corporate profits tax accruals------·-·---·-·--·---- 21.6 23.3 24.9 21.5 22.6 23.2 n.a. Indirect business tax and non tax accruals __ . _. _. _. _____ - ___ 15.6 16.5 17.3 15. 7 !(;. 0 16.4 16.5 actions, while decreasing cash pay­ Contributions for social insurance--·-··------·---·------21.9 23.7 24.2 22.8 I 23 3 23.6 23.9 ments, have no effect on expenditures Federal Government expenditures __ ------_____ ------___ ------112.6 119.1 121.5 114.5 115.3 116.1 118.2 Purchases of goods and services_------·------·--·---·--- 64.4 67.8 69. 1 65.5 66.5 66.4 66.6 in the national income accounts. For National Defense ___ -----·-----·------·--- 55.0 58.0 58.5 56.4 56.7 56.7 57.2 Other __ ------___ ------______._·- 10.3 10.8 11.9 10.1 10.6 10.8 10.4 example, increased sales of mortgages Less Sales·------·------___ ·---·. __ ·-. _____ --··-- .9 1.0 1.3 1.0 .8 1.2 1.0 by the Veterans Administration and Transfer payments ______----·--. __ -·_.-·---·-···-.... 29.2 30.5 31.8 30.1 29.7 29.8 30.8 To persons_---.----- ______-----._._. ______...... __ ._--. 27.7 28.8 30. 1 28.6 28.0 28.1 28.8 Federal K ational Mortgage Association Foreign (net) __ ------____ -----·-·------1.6 1.7 1.7 1.5 1.8 1.7 2. 0 Grants-in-aid to State and local governments·------·--- 7. 9 9. 4 9. 7 8.2 8. 5 9.2 9. 4 are projected as a result of a proposal Net interest paid ___ -----·------·----·------7. 6 8.0 8. 5 7.4 7. 5 7. 6 7. 6 Subsidies less current surplus of government enterprises ___ . 3. 5 3. 5 2. 5 3. 4 3.0 3.2 3. 8 to pool their assets so that private Surplus (+)or deficit (-) _ ----·------·- -3.3 -5.5 -2.8 -4.6 -3.0 -1.8 n.a. investors will be able to purchase certificates of participation in a port­ Offi~o~ri3~s;~rs~eE~~g~~ig{the Fnited States for Fiscal Year Ending June 30, 1965"", and C.S. Department of Commerce, folio of mortgages rather than having February l!l64 SURVEY OF CURREXT BUSINESS 9 to purchase individual mortgages. holdings will approximate liabilities in Corporate profits are projected to Higher sales of Export-Import Bank calendar 1964; this will cause refunds to rise to $56 billion in calendar 1964 m assets are also expected and the Budget rise and final settlements to faU in the economic projections underlying the further assumes legislation enabling calendar 1965. Budget estimates. This is an increase the Rural Electrification Administra­ of over $4 billion or somewhat less than Component changes in receipts tion to use loan repayments for addi­ the 1963 increase. However, 1964 will tional loan commitments. In other Given the Budget estimates of indi­ be the fourth year of the current up­ programs more reliance is to be placed vidual income tax receipts, which as­ swing and in the previous upturns at placed on government guarantees rather sume a $29 billion increase in personal least, profit increases have tended to than direct Federal loans. Table 3 income in calendar 1964, personal taxes slacken as expansions have matured. contains a more detailed reconciliation in the national income accounts are ex­ A rise of this magnitude in calendar between the various budgets. pected to equal their fiscal 1963 total of 1964 profits, together with the further Federal receipts up $5 billion in FY $50.1 billion in fiscal 1964 and increase increase projected for 1965, would be 1965 to $52.3 billion in fiscal 1965. These enough to lift corporate tax accruals estimates are subject to the qualifica­ for fiscal 1964 $1% billion above the The Budget for fiscal 1965 assumes tion noted above with regard to the previous year level and an additional enactment of the tax program in sub­ timing of the introduction of the new $IX billion in fiscal 1965, despite the stantially the same form as passed the withholding rate. rate reductions of 2 percentage points House. That is a. two-stage package of individual and corporatP rate reduc­ tions and some structural reforms, Table 3.-Relation of Federal GoYernment Receipts and Expenditures in the "iational lncon1e Accounts to the Budget which, when fully dfective-in calendar 1965-will rPduce tax lia.bilitiPs by over (Fiscal years, billion dollars) $11 billion at ca.lPndar 196:3 mcome , I ! 1\lf\4 1 1965 ]!-Jfi3 ' ! lPvds. actmd :~---'--- The projections of FPderal receipts Estimate assume acceptance of an important I RECEIPTS: I chano·p,..,, howevN, in the House-passed I I Budget receipts_------_------______H8. 4 I tax bill. Tht' House bill calls for a. re- 81; •.j l 93.0 Less: Intragovernrnental transactions ______.J.I 4. I duetion in the withholding mtP on Receipts from exercise of monetary autlJOrity ______------ul .1 I Plus: Trust fund receipts ______wagPs and salariPs from thP currPnt , I ~~~~. '2 30. !J Equals: Federal receipts from the public (consolidated cash receipts) ______109.7 1 114.4 119.7 rate of 18 percent to 15 pPrcpnt, efft'C­ I Adjustments for agency coverage: I tive January 1, 1964; the Budget is Less: District of Colnmhia revenues ______. ______------______.31 • 4 . 4 predicat('d upon a rpduction to 14 per­ Adjustments for netting and consolidation: Plus: Contributions to Federal employees' retirement funds, ett·------1.\J !.9 1.9 cent as of , 1964. In both Less: Interest, dividends, nnd other earnin!!S- ______1.1 1.2 1.3 vNsiOns the reduction in liabilities Adjustments for timing: Plus: Exeess of corporate tax aceruals over eollections; personal taxes, sotinl insuranee <:ontri- would bP madP retroactive to January 1, butions, etc_------______·" -.1 -.2 1964, with further rate rpductions Adjustments for capital transactions: I January 1, 1965. With a withholding Less: Realizntion upon loans and investments, sale of government property, etc ______1.5 11 1.0 rate of 14 percent effective February 1, Equals: Receipts-national income accounts __ ------______109.3 113.6 118.8 collections will fall by more than the EXPENDITURES: actual rPduction in liabilities in calen­ Budget expenditures ______------______. 92.6 98.4 97.9 Less: Intragovernmental transactions ______------______4.3 4. I 4.1 dar 1964. The Budget assumes tax­ Accrued interest and other non-cash expenditures (net) ______1.1 .9 .5 payers will not adjust their exemptions Plus: Trust fund expenditures (including Government-sponsored enterprise expenditures net)_ :.W.5 29.3 29.4 Equals: Federal payments to the public (consolidated cash expenditures) ______for withholding tax purposes or alter 113.8 122.7 122.7 Adjustments for agency coverage: their quarterly declarations to make up Less: District of Columbia expenditures_------.3 . 4 .4 for this deficiency in collections vis-a-vis Adjustments for netting and consolidation: Plus: Contributions to Federal employees' retirement funds, etc ______1.9 1.9 1.9 liabilities. As a. consequence, when Less: Interest received and proceeds of Government sales ______.6 .6 .9 taxpayers make final settlement on their Adjustments for timing: Plus: Excess of interest accnrals over payments on savings bonds and Treasury bills ______.9 .8 .6 1964 taxes in calendar 1965, tax pay­ Excess of deliverie.s over expenditures and miscellaneous items 2 ______(•) -.4 .6 ments will be higher and tax refunds Less: Commodity Credit Corporation foreign currency exchanges------·------.3 .3 . I Adjustments for capital transactions:' lower than would otherwise be the case. Less: Loans-FNJ\IA secondary market mortgage purchases, redemption of I:\ IF notes, etc __ ·' 1.1 .2 Trust and deposit fund items------­ 1.9 3. 4 2. 6 For rach month that the lowering of Purchase of land and existing assets·---·------.I .I . I the withholding rate to 14 percent is Equals: Expenditures-national income accounts ______---- _____ --- ___ - ____ --- ___ --- 112.6 119.1 1 121.5 delayed beyond February 1, 1964, there will be a shift of about $% billion in re­ • Less tban $50 million. I. Consist of transactions in financial assets and liabilities, land and secondhand assets. Acquisition of newly produced ceipts from fiscal 1965 into fiscal 1964. tangible assets are included in expenditnres for goods and services as defined in the national income and product accounts. The later the new withholding rate be­ 2. Includes net change in Commodity Credit Corporation guaranteed non-recourse loans and increase in clearing account. Sources: "The Budget of the United States for Fiscal Year Ending June 30, 1965," and U.S. Department of Commerce, comes effective, the more closrly with- Office of Business Economies. 719-680--64----2 10 SURVEY OF CURRENT BUSI:KESS selwduled for both January 1, 1964 and cator of future spending-is turning military pay rise which became ef­ .January 1, 1965. down. In fiscal 1965, the Defense fective October 1, 1963 added $1 Indirect business tax accruals are Department's total obligational avail­ billion to Defense Department outlays estimated to rise $% billion in fiscal ability-the sum of new obligational in fiscal 1964 and will increase fiscal 1965. Higher levels of economic activ­ authority requested and obligntional 1965 outlays by an additional $% ity are expected to account for $% authority carri(•d over from prior billion. A further small rise in military billion of the increase if current excise years-is schedul<'d to fall below the compensation is proposed m fiscal rates on alcoholic beverages, tobacco, level of fiscal 1964. 1965 under the principle of m.tin­ autos, telephone service, and air pas­ Table 4 shows Defense Department taining comparability with the wage senger service are extended. Proposed expenditures by budget. category. The structure in the private economy_ legislation to institute additional trans­ fiscrtl 1965 spending eut back is cen- Estimates of the strength of active portation-user charges would yield an forces show slight declines in both additional $X billion. fiscal 1964 and 1965. • GOVERNMENT PURCHASES OF GOODS Contributions for social insurance are AND SERVICES Spending for space research and projected at $24.2 billion in fiscal 1965, hdetal.Purckates of Military Hard Gdods· technology is expected to reach $5 up $p~ billion. The much larger $1% Stheclule;cl to D&cline · billion in fiscal 1965-double the level billion rise estimated for fiscal 1964 reflect Stole <>llcllocol Rise Continues of fiscal 196:3. However, $2 billion mainly the statutory rate increase of Billion $ FEDERAl of the increase is scheduled for fiscal 8Qr-----~---~------c 1 percentage point in OSAI taxes effec­ o Estimates based on the Budget of the 1964 and fiscal 1965 outlays are up a tin January 1, 1963. The next rate United States Government Fiscal Year 1965 further $~~ billion, a small increase inc·n•ase is sclwduled for January 1, 1966. by recent standards. ?\ ew o bliga­ The $Ji billion increase in total contribu­ tional authority requested for fis<'nl tions in fiscal 1965 is accounted for 19G.'J is ,~irtually unchanged from the Compensation almost entirrly by the incrPased OS.U of Emp!oyees level of the previous year. rect'ipts that may be exp<>ctPd from rising Outl;-:, C'tr._- 1.7 1.9 1.6 Electronic:-; nnd (·ommn- the attack on poverty, e.g., grants for Expeth•d to Rise :2 Y, Billion in FY 1965 ni<:aliOJJ:-. ___ 1. 4 1.4 1. 2 E> and s .. r~ices Up $1 Billion 1{(•:-:e:tn·h, dP\'l'lO) •ll~c·nl. tf'St, work-training programs, the Youth Billion$

billion less than in fiscal 1964. Part Purchases of Thl' totnadmrnt of legislation which until they are actually needed. Shift­ vances in other street and road building would reduce expenditures for cotton ing to a more current basis in fiscal and in maintenance. Although popu­ a]}(l dairy prognuns. It also assumes 1965 will result in a one-time reduc­ lation trends signify declining mtes of that the domestic price of wheat will tion of over $>~ billion in Federal increase in the number of school-age dedine under current programs 1tnd be grants. children, educational expenditures \Yill brought mon' in line with the world K et interest paid by the Federal continue to rise as facilities are expanded 12 SURVEY OF CURRENT BUSINESS February lHG-!

and modernized and teachers' salaries of the standard size appears to be creased expenditure for optional equip­ are improved. A projected acceleration continuing. ment per car. in family formation will necessitate a Hence, over the entire 1959-63 period further increase in the construction of Prices, upgrading, and extras consumers have tended on the average sanitary and other general community The Bureau of Labor Statistics' to buy smaller cars, but have approxi­ facilities, and urban renewal programs consumer price index for new cars, mately offset this factor by trading up are scheduled to receive increasing which measures the net price (after within makes and by increased buying emphasis. cash discount or oYerallowance on of "extras." State and local receipts on a national trade-in) of cars with relatively fixed Some additional points of interest in income basis should increase at least specifications, has dropped about 2 connection with upgrading may be as much as expenditures, given the pro­ percent from the 1959 model year to noted. In the 1963 model year every jected growth in economic activity and 1963. Average prices per unit actually make of automobile increased its sale incomes. Moreover, the Federal tax paid by consumers, taking account of of ears with factory-installed air-condi­ reduction proposals will result in addi­ changes in the "mix" of makes and tioners compared with the preYious tional revenues for those States and models and also the varying expendi­ year. For the highest priced makes communities which tax incomes net of tures for optional equipment, declined more than 60 percent of the new cars Federal taxes. Some States may also almost 5 percent from 1959 to 1961. in 1963 were air-conditioned. EHn view the reduction in Federal income This was primarily a reflection of the among some of the popular makes of taxes as an opportunity to raise their increasing share of the market going to standard cars, as much as 20 percent of own rates as a means of ex-panding lower priced compacts. AYerage unit sales haYe included air-conditioning-_ revenues to finance their growing needs. prices haYe subsequently returned to Similarly, where purchasers hnve had their 1959 lenl, mainly because of the a dwiee between a V-8 and a 6-cylinder Strong Automobile Market gradual upgrading to higher priced engine, there has clearly been an ( Continned from page 6) lines within giYen makes and the in- increase in fayor of the V-8. The earlier trend toward smaller ears has been reversed in the 1963 and 1964 model years. Market penetration of ERRATA the standards moved up to 59 percent Tlw following table shmYing awrage ml'thodology nre incorporated \Yhich to in 1963 and to a rate of 0\-er 60 percent annual rates of changl' in output, output a minor c·xtent affect some of the figures thus far in the 1964 model year. More per man-hour, and man-hours corrects pn•,-iously published. The new figures significantly, the intermediates, \cvhich a. similar tabl(• that appean•d on pagP sho\Y thnt from 1960 to 1963 the in­ nccounted for 5 percent of the 1962 and 15 of the Jnmmry 1964 SeRVEY, with creases in output per man-hour \n•n• 1963 market, rose to more than double a.n accompanying chart and text. somewhat greater than those prn-iously that rate in 1964. These shifts haye (Pages 15 and 16.) An error resulting published. The difference was most been at the expense of the compacts, from the 1963 estimn te of man-hours pronounced in nonmanufacturing in­ whose share declined from 31 percent has been corrected; several changes in dustries. in 1963 to less than 24 percent in 1964. Imports, which fell to their post-1959 Average Annual Hates of Change in Output, Output Per :\Ian-Hour, and Man-Hours 1947-63 low of 5 percent in 1962, han main­ (Percent) tained this share in the improYed - Private nonfarm industries :\lanufacturing Private nonfarm industries markets of 1963 and early 1964 (see except manufacturing chart). ~fan- Man- ~!an- The sizable upward movement in the Output Iper Output man- I hours Output Iper Output man- I hours Output Iper Output man- I hours hour hour hour share of intermediates in the 1964 1947-63 ______models reflects both the introduction 3. 7 2. 6 1.1 3.3 2. 7 0.6 3.9 2.5 1.3 of one new brand and the increase to 1947-57 ______3.9 2. 5 1.3 3.6 2. 7 4.0 2. 4 l.G 1957-63______.8 intermediate size of three brands which 3. 4 2.8 .6 2.9 2.8 .1 3.6 2. 7 .s 1957-6G______.. ----···· 2. 6 2.3 .3 1.2 2.0 -.8 3.3 2.5 .8 were of compact size in 1963. Thus 1960-63 ______------4.1 3. 2 .9 4.6 3. 7 .9 3.9 2. 9 .9 the trend toward a larger ear just short Gross National Product

1962 1953 1962 1963

1961 1962 1963 IV II I III IV 1061 1962 1963 IV II III IY

Seasonallr adjuste•l ~lt annual rates

TABLE !.-GROSS NATIONAL PRODUCT Billions of dollcu·.-; (1-3, I-4) Billions of •1ollars, unadjusted for seasonal variation

I I I < ? I i Gross national product_ __ 518. 21 554. 91 585.1 1 ;:)),;-~ .... I 571.81 579. (i 588.7 i 600.1 .518.2 I 554.9 ! 585. I I 148.7 I 137.7 I 145.2 158.0 Personal consumption expenditures ______. 3.~6. 8 355.4 I 373. I i 362.9 31'7, . I I 370.4 ~74. 911 379.9 3:36.81 355.4 373. I 98. 0 1 87. 3 I 92. 0 1:::: li 102.5 l)urahle goods ____ ------4:3.6 48.2 f>J.o .10 ..\ :iO.X .);~. t) t:~. () i 4S.? .')!,[) 14.9 11.2 12. H ll.f> I :iO. ,, I 1 ~ondurable goods ______lSfl. 1 ltll.4 Hi7. I ltl:),() 1n;1. a 11),'{1; I 111:-\. 7 J:if•. l Jni.4 IIi?. I 4fi. 4 37. 8 40.8 40.9 ~erviees ______!:JR. 0 14!i. 7 1.~-l. f) 14K \1 l:il. 4 1:-):•. ..-. I l.'"•i. 7 1:38.0 14.\7 lill5 :36.8 38.3 38.4 38.91 Gro:ss private domestic investment______69.0 78.8 82.3 78.8 77.8 I 80.7 8:J. •I 87. I (;9.0 78.8 82.3 19.0 19.5 20.9 20.6 2J ..j 1 -::\ew construetion 41. 6 44.4 -~ i. \1 ! II. 4 9. 4 11. 8 I 12. \)I 1'2.1i J:J. 'I H.ol 41l .•, I H..esident inl nonfarm ______21.0 2:l. 2 2:=i 0 :l-!. s :2.)_\, I 21.0 :?.iO 4. 7 6. 7 7.0 1 n. +; Other ~~~~------~0. ;) :21.:? :?l.fi Hll 21.0 :2:2. n : :!0. ,, I :?1. n I 4. 7 5. 1 fi. 0 6.0 Producers' durable equipment______2s. s[ 30.9 :?V. 0 I :n. '' I :!-~- .) 28.8 30. \) 7. 9 G. n 8. 2 7.6 8. b Change in business inycntorics ______1.9 ,),!"! 4. i 4. 0 .\II l,:l !.!) 1.7 -.:3 3. j . 9 .I . 3 ~onfarm ____ _ 1,.) 1.9 -t 2 :3.2 4. :; 3. 7 .).1 J..) 4.9 !.2 -.:i 3.2 .7 .0 . 2 li'arru ___ _ .:l .7 . 5 .X .8 .. ) :J .3 .7 ..i .2 .21: .2 .11 .I ~et exports of goods and services ______4. 4 3.8 4. 5 3.3 3. !> t.s 1.3 5.4 1.1 3.8 1.;; 1.2. 1.0 I 1.3 .5 I 1.8

Exports ______. ______------_ 2~- tj 1 1 fi 27. 5 \) 30 7 :?H. x zs. :~w. 7 :n . .t 1 :t?. :) 27. ;) '2~. 9 :~o. 7 7. n n. n I 7. n 7. 4 : 8. Imports __ _ 23.1 2;3. 1 (i. 7

(~ovcrnment purchases of goods and services~- 107.9 32.3 Fe1lcnll __ _ .1/ . .{ ! ·:.: : I .;; : 1 ; ! ·: : ·:; : i :: ,: : : ! w. n ·:: : I ~ : I ·:: : ·~: I1 .;: : I ·= : I :: : :: : :Nationnl defense ______------4\1.0 tJ3. :31 ;)f). 7 l ;).f.:) I :lti. l I .)H.; i .iii. I j )i •) N. 0 1 ;);~_ :) ) .)fi. I I l:i ..-) H. 1 ! 1-t [i 1:3.91 H.2 8. 9 2. f) Otlwr ------10 o 1 10.:. : 10. 4 ' 10. 1 , 10. '' ! 111 s · 'w.l I .~ !J HJ. n I 10. ,; :~. "' ~. '' ' 2. 4 3. ,, ., Less: (ioyernmcnt sales ______.6 : s '1 1. 0 i I. I i I. 0 I 's l 1 •) 1.0 : lj li '' I' I. 0 '•) 2 ! . 3 . 2 I

~~~=s=ta=t=e=n=n=d=lo='=·a=l===~~===·=-=~_=_=_=_ .= .. =-=-==!'==;;=o.=6===5=-l=. r.=,=·==;)x=·="=j'==;)=ti.='=' =I="~~~·~="=·'='=· 3==( =.=)\='· =4=i==,,=L=2=c!==~~·-=·o=.'=' =[=·=j"=~ =ti=l==.)x=·.=s=I'==I=~=.. -=, =· ==13=. =G=~==l=4~="'=[=!=.-,=. =I=~==J=;-.. n TABLE 2.-GROSS NATIONAL PRODUCT I IN CONSTANT DOLLARS, AND IM­ G ~p in billions o( Hl.54 dnllar'i Implicit pri<.: ~kflatcJr~ for SPasonnlly adju:-;ted 0 N P, 1954= 100 PUCIT PRICE DEFLATORS (1-S, VII-:))

I Gross national produeL __ ~ ____ ------___ _ 447.7 474.81 492.9 I 481.4 I 485.3 489.4 i 495. 1 501.7 116. !) ! 118.7 i 117.4 117.8 118.4 liS. 9 ll9.6 i 115. 'I' Personal consumption expenditures ______303.6 317.6 328.9 322.91 325.5 327.0 I 3:30.1 ;)32.~ Ill. 0 Ill. 9 , 113.;; ! 112.4 112.9 113.2 113.6 114.1

1)urahlc goods ____ ------~------__ _ 41.5 45.6 48.6 47.8 48.1 48.0 : 4S. 0 :;o. 4 105.3 !05. 9 i 1oo. u II. 105. o 105.3 106.2 JOG. 0 106. 4 Xondurahlc goods ______------__ 143.3 147. 8 151.3 148. 9 150. I 150. 5 I 152. 6 151.9 108.3 !0\l. 21 110. 5 I 109. 9 110.2 110.2 110. 5 IlL I Bervices ______------__ _ 118.9 124.3 129.0 126.2 127.3 12~. 5 ' 129. ti 130. ti 116. I 117.3 11\1. 8 I 118.0 liS. 9 119.4 120. () 120.7 I Gross private domestic investment______57.5 65.2 67.7 65.2 64.6 66.4 68.6 71.4 -;~;~;- --;~~j--;;;~~------~ew construction_-- __ ------34.7 36.7 37.8 36.9 35.7 37. 3 39.5 119.7 122.2 122. 7 124. 2 124. 6

Residential nonfarm ____ ------__ _ 18.2 19.8 21.0 20.2 1~. 2 20.9 21.6 22.:? 115. 9 117.1 119.3 ! 117.6 117. 7 118. 6 119. 9 120. 6 Other ___ ------16.6 16.8 16. g 16. 8 10.5 16. 4 17.0 17. 3 123.8 125. 9 128. 1 I 126. 7 127.4 127. 9 129. 6 129. ~ I Producers' durable equipment______21.0 23.8 25.5 24.8 24.0 25.3 26.1 2t3. 8 121.3 121. 0 121. I I 120. 3 120.7 121. 3 121.2 121. I Change in business inventories ______1.7 4.8 4.4 3. 4 4. 9 3. 8 4. () 5. 0 Non farm ______-----_------___ _ 1.6 4.3 3.9 2. 9 4.1 3. 1 3. 5 4. 7 Farm ______------__ -----______.2 .5 .6 .6 .8 .6 . 5 .3 Net exports of goods and services ______2.3 1.8 2.6 1.4 1.8 2.8 2.3 3.3 ------[ ______------Exports __ ------25. 5 27.0 28.8 26.9 26.7 28.7 29.4 30. 3 107. 7 107. 1 106. 8 106. 8 106. 8 106. 8 106. 8 106.8 Imports_------23.3 25.2 26.2 25.5 24.9 25.9 27.1 ~9 ~2 ~7 ~9 ~9 ~9 ~9 ~9 99.9 Government purchases oC goods and Services_____ 84. 3 90.2 93.7 91.9 93.4 93.2 94.1 94.2 127.9 129.7 133.5 130.8 131.6 132.9 133.7 135.6 FederaL______44. 8 49.0 50.5 49.6 50.6 51.0 50.7 49. 8 127. 9 127. 4 131. 2 128. 2 129. 6 130. 4 131. 0 133.7 State and locaL __ ------39.5 41.2 43.2 42.3 42.9 42.1 43.4 44. 4 127. 9 132. 3 136. 1 133. 8 134. 0 135. 9 136. 8 137.7

TABLE 3.-GROSS NATIONAL PRODUCT I Billions of dollars Billions of !954 dollars, seasonally adjusted at annnal rates BY MAJOR TYPE OF PROUDCT (1-6, 1-7)

Gross national product______518.2 554.9 585.1 565.2 571.8 579.6 588.7 600.1 447.7 474.8 492.91 481.4 485.3 489.4 495.1 501.7 Final sales ____ ------__ _ 516.3 549.3 580.3 .561. 2 566.6 575.4 584.5 594.8 446.0 470.1 488.5 478.0 480.4 485.6 491.1 496.7 Inventory change ______------__ 1.9 5. 5 4. 7 4.0 5. 1 4.3 4. 2 5. 4 1.7 4. 8 4. 4 3. 4 4.9 3. 8 4.0 5.0 Goods output______------______259.1 278.3 291.6 281.4 286.8 289.8 292.4 297.2 23.3.2 249.1 259.3 251.7 256.4 257.8 259.8 263.4 Final sales ______------______257.3 272.8 286.9 277.4 281.7 285.6 288.2 291.8 231.5 244.4 254.9 248.2 251.4 254.0 255.8 258.3 Inventory change ______1.9 5. 5 4. 7 4. 0 5.1 4. 3 4. 2 5. 4 1.7 4. 8 4. 4 3. 4 4. 9 3. 8 4.0 5.0 Durable goods ontpnt______93.4 104.4 111.8 104. K 107.5 112.6 111.8 115. I 81.3 91.0 97.2 91.9 94.0 97.8 97.1 100.0 Final sales~------___ _ 93.8 101.5 JOY. 6 103.5 106.3 109.6 110.0 112. 6 81.6 88.5 95.4 90.7 93. () 95.2 95.5 97.8 Inventory change _____ ------___ _ -.4 2. 9 2.1 1.3 1.1 3. 0 1.8 :?. 5 -.3 2. 6 1.8 1.2 1.0 2. 5 1.6 2.2 Kondurable goods ontput______165.7 173.9 179.9 176.6 179. 4 177.3 180.7 182. I !51. 9 158. I 162. I 159. 8 162.4 160.0 162.7 153.4 Final sales______163.5 171.3 177. 2 174.0 175. 3 176. 0 178.3 179.2 149.8 !55. 9 159.,. 5 I 157. 6 !58. 4 158.8 160.4 160.5 Inventory change______2. 2 2. 6 2. 6 2. 6 4. 0 1.3 2. 4 2. 9 2. 0 2. 2 .... 6 1 2. 2 3.9 1.3 2. 3 2.8 Services ______------______200.4 214.5 228.0 220.2 222.5 226.5 233.6 165.3 174.4 180.7 177.5 177.8 180.2 181.8 183.1 ~ 229.61' Construction ______58.6 62.1 65.4 63.6 62.5 63.3 66.7 69.3 49.2 51.4 52.9 52.2 51.2 51.4 53.5 55.3 Addendum: Auto product______17.5 21.7 24.1 23.5 23.3 2.3. 9 23.2 25.9 14.5 17.9 20.0 19.6 19.5 19.7 19.2 21.3

13 TABLE 4.-FARM GROSS PRODUCT TABLE 5.-CORPORATE GROSS PRODUCT [Billions of rlolhm] Billions of dollars Billions of 1954 dollms

119621 19t;:J

Hi61 1963 I-~T I .I ' II ~II I I~-- Total Yalnr of f<1rm output ______3~. 4 39. R 311.9 39.3 40.2 40.5

Lt·~s: YHhw ()f internwdiate prodnct.:- 8easonally arlju::'ted at annual enn~unwd, totaL __ ------____ _ 1i. 3 18. 1 18. 5 17. 7 18.3 18.2 nlt('S Eqnal>: Farm G:\P ______21.2 21.6 21. 4 21. 7 21.9 22.3 Corporate gross product. ______28S.61307.91'326.1 131.3.~ /:l16.~ ,'l~3.~ :)2~.8 n.a. Indirert taxes______30 l'\ 33 0 3.5 1 1 33 6 . 34 ) ,H , • 3.J 4 36. () 1 C'al'ital consumillion allowances _____ ·?(i. o :w· i< a·; 4 31.3 i 31.:1 · 3·; 1 .,o·-1 33.2 Income originating in corporate - ·" I ._ · I ~· I · I · -· <1-. husines~----- ___ 22R.O [244.1 ~!JS.7(24~.4 1250.3 ~:2.sn ..s 2fitl.6 n.n. \omp('nsationofemployrcs ______18.1.i 111-lS.ti 1 2(1~.9,200.~) 1203.'2 ':21l7.7 ·:200.9 :215.0 :\et interest______.\! I.ll 1.1 1.1 i 1.1 1.1 1.2 1.:2 Prnfits hefon' tnx, including in- 1 1 ventory valuation adjuf'tmcnt ; __ 41.4 44.4 I 4~. 614G. 5 I 46. n -!7" t) 49.6 n.a. Personal~ Government~ and Foreign I 1 1 I :\oTE.-Back data publi~hect in the Xon:mht'r 1!lG:2 and September l~HJ3 :-::r·;{YEY. Transactions on GNP Accounts 1. Exclwle~ profits originating in the l'l'~t of thl' \,·orld.

TABLE 6.-PERSONAL CONSUMPTION EXPENDITURES BY MA.JOR TYPE (Il-6. Il-7)

1961 19()2 l~f\3

-16i •.j 370.4 374.9 379.9 9? 0 I Goods and services, total ------3J6.8 355.411 373.1 362.9 87.3 -· I !11.4 102.5

Durable goods, totaL ___ ------____ ------t:). 6 48.2 I 51.5 50.5 50.6 51.0 50.8 53.6 11.2 12.9 ll. 6 15.9 21. ,\ :::: .\ utomohilrs and parts __ ------___ _ I i. I 22. :J 22.2 22.0 22. 3 2:l.3 ~~ S. 2 fl. 2 4. 7 li :2 Furnitnn' and hou~cholct cquiprnent_ ------1\1.2 ~g ~ I 21. :l 20.1) 20.\1 20.7 21.3 22.3 ll.1 4. ,\ h. 0 f:.li (Jfh('r------7. :l 7. fi 7. H 7. 'i 8. 0 B. 0 ~- 0 2. 0 1.4 l.:-\ 1.7 :l.O Nondurable goods, total_------____ _ 155.1 Hil.4 167.1 163.6 Hi5. :J H;S.9 168.6 168.7 4G. ·l 3i. 8 !0. 9 41. i

Food and hf'vrragcs ___ ------______81.1 ~4. 2 ~(\. 7 8fi. 3 S7. 2 S7. 4 20 3 :n.(!: :2:2. 3 22. ) Clnt hin!! and shocf: ______------___ _ 2X.Ii 2~1. R :m. :J 2\l. 7 30. !l :m. 4 (j_O 7. -! ~ fl. s JO. I 12. ;j l:l.O l:l.O J:{.J 13. 2 fg:l.l g I' 2. f1 :3. 3 i 3. ,'} ;j:J (ia.-::olinr.C>t hPr ____ and ------oil ______------____ _ II. g ' Tl G ' 3.~. l :{7. 1 1 :{11. ~ :{/. 4 07. r; ll.:J S. 6 :S. + .~. 3 11.'-' Services, total ______1~~-~ I 145.7 IS4. 5 148. !! 151.4 153.5 155.5 1.57. 7 :JG.8 I 38.3 38 ..J :J9. 0 Ilou:-;ing ______- ___ ------11. I I -l!i.fi 4\l. 2 -t'i.(i 4~. 2 48. B ·Hi. 5 .\0. 2 II(! I 12.1 12.2 12 .] Ilnu~ehold operation __ .. _____ ------______------20.4 I :?l.tl i 2'2.1) 21. ~ 22.2 22.4 22. s no tt. 4 ! (\. ~{ .). 4 :;, 2 Tran.sportfltion ______------______I!.:J! I:!. I Il. fi 11.8 ' 12.1 12.2 12. :J ::?. u 2. 8 3. I ' :l. 2 :l.l Otlwr ______~~~· ~ I j,_. s ! (ifi. 2 i 70. li 1:7.' fiH. 1 ! ln. 2 71.1 72. I H\.fi 1i. 2 17. (\ lS. 2 17. I

TABLE 7.--GOVERl'i:.\IENT RECEIPTS AND EXPENDITURES (III-3. Ul-4) i I I I 114.3 n.a. Federal Government receipts __ 98.21 Io5.1 I 113.41 107. 110.0 : 112.3 I ! 27.8 31.9 27.7 1 n.a.

Pe-rsonal tax and non tax receipts______II f10. H 4~1. 7 '10.0 . :.n. 4 .12. 2 11.!) -1:9.0 ~::: li H.

7. g g_-; U. () f) Personal tax and non tax receipts ______------U. G 8.8 9.4 9. 7 9.9 2.0 2.51 2. 2.2 2. 4 C'orporate profits tax accruals ______------_ 1.3 1.4 J.,S 1.4 1.4 1.5 1.6 n.a. .4 .3 . 4 . 4 ll,fi, Indirect business tax and nontax accruals ______34.9 :>7. ~ 40. 5 38.7 39.5 40.0 40.7 41.6 9. 8 9. 6 . 10.0 10.2 10.6 Contributions for social insurance ______------___ _ 3. 2 ;j_.s 3. 8 3. 6 3. 7 3. 8 3. 8 3. 9 . 9 . 9 I .9 1.0 1.0 Federal grants-in-aid ______------______7. 0 7. 7 8. 9 8. 1 8. 2 8. 5 9.2 9. 4 2.2 1.8! :!.0 2 . .j 2. ,j State and local government expenditures------· 54.4 58.7 63.3 60.8 61.8 61.7 63.8 65.7 15.6 14.6 15.6 16.2 16.8

Purchases of goods and services ______------50. 6 54.6 58.8 56.6 57. 5 57. 3 .59. 4 61.2 14.5 13. 6 14.5 15. 1 15. ~i Transfer payn1ents to persons ______------5. 5 5. 8 (i. 2 5. 9 6. 1 6.2 6. 2 6. 3 1.5 1. 5 1. 6 1.6 1.6 Net interest paid ______------.8 .8 .9 .8 .9 .9 . 9 .9 .2 .2 .2 . 2 Less: Current surplus of government enterprises ______2. 4 2. 5 2. 7 2. 6 2. 6 2. 7 2. 7 2. 7 .6 I ..7 21 . 7 . 7 . i Surplus or deficit (-) on income and product account. ______-.1 I .4 1.1 -.1 .4 I. 7 1.2 na. -.21 ,6 i n.a. I I

TABLE 8.-FOREIGN TRANSACTIONS IN THEN ATIONAL INCOME ACCOUNT (IV-2, IV-3)

Receipts from abroad.. ------27.5 28.9 30.7 28.8 28.61 30.7 31.4 32.3 7.6 6, 9 7. 9 7. 4 8.5 Exports of goeds and services------27.5 28.9 30.7 28.8 28.6 30.7 31.4 32.3 7.6 6.9 7. 9 7. 4 8. 5 Payments to abroad. ______------_------___ ----._ 27.5 28.9 30.7 28.8 28.6 30.7 31.4 32.3 7.6 6.9 7,9 7.4 8.5 Imports of goods and services·------­ 23.1 25.1 26.2 25.5 24.9 25.9 27.1 26.9 6.4 5.9 6.6 7.0 6. 7 ~et transfer payments by Government------1.6 1.6 1.7 1.5 1.5 1.8 1.7 2.0 .3 .4 .5 .4 .4 Xet foreign investment. ______------___ ------___ ------_ 2. 9 2.2 2.8 1.7 2.2 3.1 2. 6 3.4 .9 .6 .9 .0 1.4 I 14 National and Personal Income (Billions of dollars)

19621 1963 1963 '--~~~--- 191H 1962 1963 _rv [ r -1 II 1m l rv 1961 1962 19(i3 n· r I II I ni I IV Seasonally adjusted at annual 1 Seasonally adjusted at annual rates I rates

TABLE !J.-1\'ATIONAL INCOME BY TYPE OF INCOME (I-8, I-9) TABLE 12.-RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, AND PERSONAL INCOME (1-17, 1-18)

National income 426.1 ]453. 71478.4 i462, 2 [466. 7 !474. 6 i482. 0 I n.a. GrossnationalproducL ______518,2 554.9 5R5.1 ~~565.2 571.8 579.6 588. 7 I fiOO. I Com_p~~.s:'tion o~ em.p1oyees __ ------3£2.1 32~, 9 340.41327,71332,0 1338.7 1342. ~ I 347.9 \\ ct,7.21 5S.) insurance ______lLH 1:~.7 15.4 13.8115.0, 15.:1 llfl.5 15.i Busim•ss transfer payments._ 2. 3 2. 3 . 2. 3 2. 3 2. 3 2. 3 2. 3 :?. 3 OtlH•rlaborincomc ______11.4 12.1 12.6112.3. 12.4 12.1\, 12.7:1 12.S I 8tatistiealdbcrepancy_____ -l.il -l.H -a.z~-1.9 1-2.3 -4.1 -4.4 n.a. Employer contributions to pri- b.~~ , i I j Plus: Suhsidies less current surplus of Ot~i~~;·_I~~~l~~~~-~~1~-~~~I!~t~~·-f~~~~~l~- 2. 4 ~: ~ ======:======I======l======i======:======gon~rnmcnt enterprises______1. 7 1. . 7 1. 6 .7 . 4 . 5 1.1 : 1 r • Proprietors' income ______48.1 49.8 50.5 i 50,3! 50.7. 50.0: 50.5 I 50.8 Equals: National income ______426.1 453.7 478.4 462.2 466.7 474.6 482.0 n.a. nn~inPss an(l proh'ssionaL ------35.3 3G. 5 1 37. i 1 36. !J [ 37. 2 I 3i. 4 ! 37. g 38.2 Less: Corporate profits and inYL'ntory Ynluation acljustnlcnt______43. s 47. 0 51. 3 49. 3148. 8 50.1 52.2 n.a. 7 Contributions for socinl insur- 1 ance ______21. 23. 9 27. 2 '?4. 2 2fi. 5 27. () 27. 4 ,::! I ::: ::: : ::: : Exeess nfwag\' accruals oYer dis- ::!~:.~::~:~::~~~ ;~;:";"' :~~ :~:=1 :::~, :~: burst·ments- ______.0 .\1 .0 .II .0 .. .() I .11 1 . 0 Corporate profits and inventory valua­ I i ' Plus: GoYt'rnmcni transfl'r paynwnt~ I I tion adjustment_ ------­ 4.3. 8 47.0 I 51. .3 I 49 •.3 i 48.8 50. I ii2. 2 n.a_ to rersnns______31.3 32. ;, 34. ti 1 3:l.li 1 :34.7 34. 2 34.4 35.2 Profits lwfon• tH\ ------­ 4:l. x 4n. 8 . 51. 7 1 4S. 4 ! 48. 3 .oJ o 52. 2 n.a. l\et intere~t pnid hy g0n•rn- I Profits t;n liability ------·-----­ 22.11 22. 2 .1 24. 5 : 22. 9 : 22. 9 21. 2 2L 7 Il.

1 Perso-nal income ______417.4 442.1 TABUc 10.-NATIONAL INCOME BY INDUSTRY DIVISION il-11) ~ti:J. 0 1449. !l 1' j;)3. 9145'1. 914h5. 2117-l. 0 \\'age anti sn lao- dislnJr~('lllf'llt:-; _____ 27-S. ~ :2V7. l 012.3 -301.5 304.5 I31U s 314.h I 31'1 4 Conlnwdit y-prndueingindustci(_'S_ 110. s llX. 5 ,12:l.' Ill\!.() it211. 1 l12.l !j 12! g 121> .•5 All industries, tota] ·126.1 453.71-!78.4 !462.214lili.7:474.611g2.0! n.a. l ~Ianufaeturing only ______X7. 5 B4. 2 ! u-.;. 3 1 ~~-1 M 1 ~Jfl. f) 1 nx. ~ Hl:l n too. 5 Distributive industries ______72. V /f). G 7\1. ~ i 77. K 7X. 4 I 7U.IJ Xtl 3 XI. 0 18.3 18. \1 18. (j I 1\1. I I 1\J.:l i 18 . .j 1 1~. 4 I n.a. I I Sen·icc industrks __ ------43.4 41\.4 '[ !? ? : ~·· 3 1 ~~- 2 1 4'1 1 5o o ;,o. 6 I I GoYernnll'nL ------51. s 55. n "·'· 3 1 "''·X X 5:<.1i 5\l. 5 til. 3 l\lanufactnring_ ------__ 120.1 130. '' 137 5 'IJ.l2 o 11:;2 :J I,13. 7 o I1:m 0 i n.a. I •"· I DurahJ(• goodS indnstrii'S ______70. 7 5 S') 3 IV 5 : 79 q I ?-.:) t t\4 3 7~. n.a. Other labor income ______11.4 12.1 ~ot:dur:1hh• goods industrks ______4H. 5 .t)2. 1 51 2 52 ) 1 ~.~. 4 i .-):) n .i5 2 n.a. 112.n 112.3 I 12.4112.t> 12.7 12.s \VholPsah• and rPtail tract(' ______nu. ,t) 7~. n 77. s 75. 6 1 1 77. n 1 - · - n.a. 0 Proprietors' income ______4S.l 4U.x 50.5 .o0.3150.71 r.o.o 50.5 50.8 Finallrl', in~urance, and rrnl t'~tntc ___ _ n.a. 1 'l'ra nspnrtat ion ______f~: i I f~: ~ f~ L i~ ~ i i4 (; 1~ i I i~: ~ n.a. Business and professionaL ______35.3 30.5 37.7 13tl. 9 3i. 2 1 37.4 37. S 38.2 Cm•m•unieations and public utilities __ 17 . .j 18.3 1\1.5 18.6 1\1.1 1\1.0 1\1. fi n.a. Farm __ .------12. 8 13. 3 12. i> 13. 4 JLo 12. G 12. 7 12.6 SrrYiePs______51.9 55.4 59. 1 56. 7 5i. 5 ,)b. H 5H. 7 n.a. Rentalincomcofpersons ______12.1 12.0 12.1 12.11 12.0 12.0 12.1 12.2 OoY<'rnnwnt and govPrnment enter- Dividends ______15.3 16.6 17.8 17.1 17.1 17.6 17.6 60.4 64.6 61.8 62. 9 63. s il4. s I n.a. 18.8 prises ____ ------56. 3 Personalintercstincome ______,_ 27.7 30.0 32.5 31.1 31.6 32.1 32.8 Otlwr_ _------30. 6 32.1 33. 7 32.9 :J2. 6 I 33. 2 i 34. 2 I n.a. 33.5 Trarufer payments ______33.6 34.8 3fi. 9 35.\1 37. (I 36.5 36.7 37.5 TABLEli.-NATIONAL INCOME BY CORPORATE AND NONCORPORATE Old-age and survivors insurance FORM OF ORGANIZATION (1-14) benefits ______12.6 14.3 15. 3 14. 8 14. 8 15.4 15. 5 15.5 State unemployment insurance benefits __ ------__ 4. 0 2. \J 2. 8 3. 2 3.0 2. 6 2. () 3.1 Veterans' benefits______4. 8 4. 8 National income 426, I 453,7 478.4 462.21466, 7 474,61482,0 n.a. 5. 0 4. 9 4. 9 5.0 5. 0 5.1 Other______12.2 12.8 13.8 13.0 14.2 13.5 13. (\ 13.8 Inocme originating in corporate busi- ness __ ------228.0 244,1 258,7 248.4 250.3 256.5 260,6 n.a. Less: Personal contributions for social insurance ______------_ 9. 5 10. 2 11.8 Ill. 3 11. 5 11. 7 11.9 12.0 Compensation of employees ______185. 7 198.6 208.9 200.9 203.2 207. 7 [2ou. 9 215.0 Wages and salaries ______169. 7 180.9 189. 7 183.0 184.3 Less: Personal tax and nontax pay- 1 195.5 ment.s ______52.9 Supplements to wages and salaries_ 16. 0 17. 7 HI. 2 17. 9 18. 9 ~~~j l i&: 1 19.5 57. 7 60.5 58. 5 59.4 59.9 60.8 62. 1 FederaL ______45.1 49.0 50.9 49.7 50.0 50.4 51.1 52.2 Corporate profits and inventory State and locaL ______,______7. 8 8. 7 \l. 6 8. 8 9. 4 9. 6 9. 7 9. 9 valuation adjustment 1 ______41.4 44.4 48.6 46. 5 46.0 47. G 14u. n n.a. Profits before tax'------41.5 44.2 49.0 45.6 45.6 48. 5 49. fi n.a. Equals: Disposable personal income_ 364.4 384.4 402.4 391.4 :J!l-1. 5 400.0 404.4 410.9 Profits tax liability ______22.0 22.2 24.5 22.9 22.9 24. 2 24. 7 n.a. Profits after tax '------19. 4 22. 1 24.5 22.7 22.7 24.3 24.8 n.a. Less: Personal consumption expendi- Inventory valuation adjustment __ _ .0 .2 -.4 . g . 4 9 .0 -1.1 tures ______336.8 355.4 373.1 362. \1 31i7. 4 370.4 374.9 37\1.9 Net interest ______.9 1.0 1.1 1.1 1.1 1.1 1.2 1.2 Equals: Personalsaving ______, ____ 27.6 29,1 29.3 28,5127.1 29.6 29.5 .3].0 Income originating outside corporate Addcn

1. Excludes profits originating in the rest of the world. n.a. Not available. 1;:) Saving, Profits, and Employment

w~ 1 19~ 1961 10f)2 1963 --~--~---;--r--;;---T--;;-~-r~-

TABLE H.-SOURCES AND USES OF GROSS SAVING (V-2) Billion~ of dollars, seasonally adjusted at annual mtes I I Gross private saving __ ~------__ 78.4 86.7 87.s 86.4 ! 91.4 I n.a. 89.91 I 89.2 '! Personal saving ______._------··------_ 27. (i 2il. 1 2!!. 3 28.5 ' 27. 1 ! ~il. 6 2!! ..; I 31.0 rrndistributerl corporate profits_------fi. 5 8. 1 I \J..l 8. 4 s. 3 I 9. 2 1 n. s n.a. Corporate inventory valuation adjustmenL ____ ------.0 .2 -.4 I .U . 4 I -.9 .0 -1.1 Capital consumption allowanPe ______------_ H:l 4\1. 4 .)l,(i ''0.1 .lo.•; I .)1,:3 52.1 Fi2. i Execss of wage aecrual.-: o\·er di~hnrsernents ______------______.0 . 0 .0 .0 .0 .0 .0 .0 I Guvernm~nt surplus on income and product transactions ______-4.7 -3.9 -1.6 -5.4 -4.2 -1.3 -.6 n.a. FederaL ______-1.5 -4.3 -2.7 -.1.3 -·l.lj I -3.0 -1.8 Il,Cl. State and locaL ______-.1 .4 1.1 -.1 .I i 1.7 1.2 n.a.

Gross investment______71.9 81.0 ' 85.1 80.5 79.9 i 83.71 90 •.5 ! ~63. ~ I! Gross private domestic inve::;tment ______------___ ------_ li\i.O 78. X I .'l2. :l iK. X so. 7 I 0·, I 87. 1 :2.9 2. 2 2. :--; 1.7 2.:2 2. () :l.l ~(et foreign investment_____ ------3. 1 I Statistit·al discrepancy __ -1.9 -1.8 -:3.2 -1.9 -2.. 3 -4.1 -4.11 n.a. I

TABLE 15.--CORPORATE PROFITS (BEFORE TAX) AND INVENTORY VALUATION ADJUSTMENT. BY BROAD INDUSTRY GROUI'S, (IV-101

All industries, totaL ~a. s 47.0 51.3 .)0.1 52.2 n.a

'!'vlc1.Illlfaduring_ :2:2.0 27. f) 1l.H.

nurahle gOtH 'iS indu.strit-s. __ .. ------. 11.! 13.2 14.0 1:~. I ]:3. 2 14. 5 \.\.11 n.a. ~-...: nndurn hl(_' g-o<~d~ indu~tries ______----- ______------111. n Jl 3 11.9; 1l.ti 11.1) 1!. ;j 12.1\ lUL ! 7.1l .... 1 Tr·m.-;pnrtntiOJl, c;lmmw,h:ations, and puhliC' utilitiP.:L 7. :2 i. 9 ''· 3 Il.tl, All 11tlier ind.ust rit•:-: ____ _ H.li 1--l. ~l lli.li 1G. :2 i !I).! ld. 2 16. 4 n.n.

TABLE IG--CORPORATE PROFITS AND INVENTORY \'ALliATlON ADJUSTMENT (VJI-1~.) I ('~)"{)orate profits and inventory valuation adjustment______~------#------4:l. 8 47.0 ol. 3 ! l:l.O t:l.l 12.(-i n.a.

P;:-ntits lH:for{1. tn'\ ______------43. ~ 1 40. -~ i .~1. 7 i 1~. 7 13.7 l:!. G n .n. Profi.t~ hlx liability __ ------:t2. 0 :2-t ,) I f () 6 . .) n.a. Profit:-: after tax ______------__ ------______------__ _ ~~., I 27. '2 7. 2 n.a. 6 : I' In,·entory \"

TABLE 17.-EMPLOYMENT, PAYROLLS. AND AVERAGE ANNUAL EARNINGS, BY MAJOR INDUSTRIAL DIVISION (Vl-13, VI-2, Vl-15) [SUMMARY]

-'iumher of full-time \\"ages and salaries ~~ ,-erage earnings per full-time employee equivalent employees

Data in thousands Millions of dollars Dollars Percent change ------1------1961 1962 1963 1961 1962 1963 1961 1962 1963 1961-62 1962-63 All industries, totaL_------~ ____ ------57,575 59,268 60,309 278,821 297,133 312,339 4, 843 5,013 5,179 3.5 3.3 Ag:ri?ulture, forestry, and fisheries ______------__ 2,080 2,017 1,972 3,694 3,663 3,651 !, 776 1,816 1, 851 2. 3 1.9 Mmmg_ ------641 624 607 3, 740 3, 763 3, 793 5, 835 6,030 6,249 3.3 3.6 Contract construction ______------____ _ 2. 805 2,870 2, 975 15,877 16.903 18,050 5, 660 5,890 6,067 4.1 3.0 Manufacturing ______15,878 16,478 16,651 87.469 1 94,174 98,273 5.509 5, 715 5,902 3. 7 3. 3 Wholesale and retail trarle ______ll, 053 ll, 339 11.570 49,997 52.852 55, 282 4, 523 4, 661 4, 778 3. 1 2. 5 Finance, insurance, and real estate ______2, 672 2, 747 2, 809 13,454 14,183 14,862 5, 035 5,163 5. 291 2.5 2. 5

'l'ransportation ______. ______-. ------___ ------__ 2, 366 2,369 2,373 14,396 14,992 15,449 6, 085 6,328 6, 510 4.0 2.9 Communications and puhlic utilities ____ ------!, 438 !, 434 I, 439 8,464 8, 790 9,082 5, 886 6,130 6,311 4.1 3. 0 Services----·------7, 999 8, 298 8,597 29,900 32,253 34,602 3, 738 3,887 4,025 4. 0 3.6

1 Oovernment and government enterprises ------10,643 11,092 11,316 51,830 55.560 59,295 4, 870 5,009 5,240 2.9 4. 6 _\d

~------THE STATISTICS here update series published in the 1963 edition of BFSINESS STATISTICS, biennial Statistical Supplement to the Sunn~y oF CuRRENT Bl'RINESS. That volume (price $2.00) contains data by months, or quarters, for the years 19.59 through 1!)62 (1951-62, for major quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references to sourcPs of earlier figures. Series added or significantly revised after the 1963 BusiNESs STATISTICS went to press arc indicated by an asterisk (*) and a dagger (t), respectivdy; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly SunvEY beginning with the issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding to revised monthly averages are available upon request. Except as otherwise stated, thE' terms "unadjusted·' and "adjusted" refer to adjustment for seasonal variation. Statistics originating in Government agencies arc not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.

1960 1 1961 1 1962 1!163 Unless otherwise stated, statistics through 1962 ~1------,---1--.96_1__ --.- __ ----.----1962 and descriptive notes are shown in the 1963 IV II III IV II III IV II III IY edition of BUSINESS STATISTICS Annual total I I Seasonally adju"tPC! quarterly totals at annnnl rates GENERAL BUSINESS INDICATORS-Quarterly Series I I NATIONAL INCOME AND PRODUCT I i I I National income, totaL ______bil. $ __ 414.5 420. 1 I 4:i3. 7 412. s 411.1 423.2 429.0 441.0 444.7 452.4 I 45.1 ..I 462.2 466.7 474. f) 482.0 ------I I Compensation of employees, totaL ______do ____ 293.6 I 302.1 322.9 293. g 294.0 I 300.1 304.4 309. g 316.0 322.5 325.3 327. 7 332.0 338.7 3·12. 8 :Hi.~1 Wages and salaries, totaL ______do __ . _ 271.3 278.8 297. 1 271.3 2il. 2 27fl. 9 2Rl. 0 286. 1 290.7 29fi. 8 299.4 301. ,\ 304 ..I 310.8 314.6 3Hl. 4 Private ______do ____ 222. g 227.0 241.6 221.6 220.8 22.5. 8 228.8 232 ..I 236.1 241. 7 243.7 244. 7 24fl. 7 252.2 2:l!"J. 1 1fi8. 1 :VI ilitary ______do ____ 9.9 10. 2 10.8 10.0 10.0 10.0 10.0 10.8 11. I 11.0 10.7 10 .•I 10.7 10.8 111.8 11.' Oo\·ernment civilian_·-______do __ .. _ 38.5 41.6 44. i 39.7 40.4 41.2 42.2 42. s 43.6 44.1 45.0 46.3 47. 1 47.8 4R. 7 1(1 ••1 Supplements to wages and salaries ______do ____ 22.3 23.3 25.7 22.5 22.8 23.1 23.4 23.8 25.2 25. i 25.9 2f. 2 27. ,1) 27. g 28.2 :?k. 5 Proprietors' income, totalcl' ______do ____ 46.2 48. 1 49.8 4G. 6 47.0 47.6 4S 3 49.5 49. 5 49.6 49.8 .\0. 3 50.7 50.0 oil. 5 .1o.x Business and professionalcl' ______do ____ 34.2 35.3 :!6. 5 33.8 34.2 3.5. 0 3.1. 7 3C. 3 36.0 36.5 36.6 36.9 37.2 37.4 37. s 3S.1 Vnrn1 ______do ____ 12.0 1~. 8 13.3 12.7 12. 8 12.6 12.6 13.2 13 ..o 13.1 13.2 13.4 13 ..I 12. n 12. i 12. (i Rentul incomC' of persons ______do ____ 12. 1 12. 1 12.0 12. I 12.1 12.1 12.1 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12. l 12.2 Corporate profits and inventory valuation adjust- ment, totaL ______bil. $ __ 44.5 43.8 47.0 41.0 38.8 43.6 44. 0 48.6 46. 1 4fo ..I 46. 1 49.3 48.8 .10.1 52. 2 ----- I Corporate profits before tax, totaL ______do ____ 44.3 43.8 4G. 8 41. 1 38.5 43.4 44.3 48.9 4;, g 46. 7 46.2 43.4 48.3 51.0 52.2 ------Corporate profits tax liahility ______do ____ 22.3 22.0 22.2 20.6 19.4 21.8 22.3 24.6 21. 7 22.1 21.9 22. g 22.9 24.2 24. 7 ------Corporate profits after tax ______do ____ 22.0 21.8 24.6 20.4 19.2 21.6 22.0 24.3 24.2 24.6 24.3 25 ..I 2[). 4 21).8 27. ii ------Dividends ___ ------______do ____ 14.5 15.3 16.6 14.8 15.0 15.1 J.o. 2 15.8 16. 2 16. 4 16 ..1 17. 1 17. I 17.fi 17. () 1k. s Undistributed profits ______do ____ 7. ,':) 6. 5 8.1 5. fJ 4. 2 e. 5 6. 8 8. 5 8. 0 8. 2 7. s 8. 4 8. 3 9.2 9. 8 ------lnYentory valuation adjustrnent ______do ____ . 2 .0 . 2 .5 . 3 .2 -.3 -.3 . 1 -.2 -.1 .9 . 4 -.9 . 0 -1.1 Net Interest. ______-----______.do____ 18.0 20.0 22.0 18.8 19.1 19.8 20.3 21.0 21.2 21. 7 22.3 23.0 23.3 23.7 2!.:3 2.5.0

Gross national product, totaL. ______do ____ 502.6 .118. 2 5.54.9 .102. 1 500.4 512. 5 521.9 537.8 544.5 552.4 556.8 56,1. 2 .m.8 579. fi .)~~( 7 600. I Personal consumption expenditures, total._do ____ 328.2 336.8 35.5. 4 330.3 330. 7 334.9 337.9 343.8 348.8 352.9 356.7 362.9 3m.4 3711. ·I 371.\1 379.9 total Ell ______do ____ Durable goods, 44.9 43.6 48.2 43.9 41.2 43. 1 43. 9 46.4 47.3 47. 5 47. i 50. fi ;)().(i .\0. R :);{,t; Automobiles and parts ______.do ____ 18.8 17.1 20.4 17.9 15.7 16. 7 17.0 18. 9 19. 7 20.1 19.8 22.2 22.0 ·"·22.3 () 21. :i ~:!. ;; Furniture and household equlpment ___ do ____ 19.1 19.2 20.2 18.8 18.3 19. 1 19. 6 20.0 20.0 19.8 20.3 20.6 20. g 20.7 21. :l 22.:; Nondurable goods, total Ell- ______do ____ 151.8 1.15. 1 161.4 152.3 1;33. 9 1M.5 155.3 156.9 158. 9 160.6 lti2. 5 lil3. fl 1il.l. 3 11i!i.9 168. fl lr1H. 7 Clothing and shoes ______do ____ 28. I 28.6 29.8 27. 7 28. 2 28.2 2S. 6 29. :l 2!1. 7 29.5 2n. 9 29.9 30.2 2\l. 7 :lO. 9 :lll. 4 Food and nlcohollc heverages ______do ____ 79.5 81.1 84.2 79.9 so. 6 81.0 81.2 81.6 82.7 83.9 8.1.0 S5. 2 8!i. s Sll. 3 ,q7. 2 8/.4 Onsoline and oiL ______do ____ 11. 7 11.9 12.3 II. g 11.9 II. 7 11.9 11.9 12. 1 12.2 12. 3 12.6 12. 8 13.11 ]:;.! r:l.2 total (Jl ______do ____ SPrvices, 131.5 138.0 145.7 134. 2 135.6 137.3 138.8 140. 5 142.6 144.8 146. fl 118.9 lfil. 4 153. ii ].1.~. !i 1;17. 7 I rouse hold operation ______rio ____ 19 ..1 20.4 21.5 19.9 20.0 20.4 20.6 20.8 21.3 21.5 21.5 21.8 22.2 22.4 22. R z:l. o Housing ___ ------.. - _____ do ____ 41.9 44.1 46.6 42./i 43. :l 43.8 44.4 45.0 4!i. G 4~). :) .iO. ~ Transportation ______do. ___ 46.3 46.9 47 6 48.2 48.8 10. 7 10.7 11.3 10.8 10.7 10.6 10.7 IO. 8 11.1 II. 3 11.4 1Lt1 \I. R 12.1 12.2 I 12. =~ Gross private domestic investment, total ___ do ____ 71.8 69.0 78.8 65.3 59.6 66. 6 72.0 77.6 77. a 79. 6 78. 9 78. ~ 77. ~ 80. 7 s:J. 7 S7. 1 N C\V do ____ construction ______40. 7 41.6 44.4 40.7 39.3 41.0 42.6 43.2 41.7 44.5 46. 0 .j;\. 0 43.7 45. R 17. fl 49.:! Residential nonfarm. ______do- .. 21.1 21.0 23.2 20.5 19.0 20. I 21.9 22.8 21.2 23.3 24.2 23.7 22. 7 24.8 2.1. !I 2tl.X Producers' durable equipmeut______do ______do_. __ 27.6 2.5. 5 28.8 26.8 24.6 24.5 25.8 27.1 27.4 28.7 29.3 29.9 29.0 30.7 :JI.fl 3:2. r, Change in businessinventorif'S 3. 5 1.9 5.F, -2.3 -4.3 1.1 3. 5 7. 2 8.1 6. 5 3. 6 4. 0 .1. 1 4. 3 ~- 2 il. 4 Nonfarm ______.do- ___ 3. 2 1.5 4. 9 -2.7 -4.6 . 8 3. 2 6. g 7. 6 5. 8 2. 8 3 2 4. 3 3.6 :J. 7 .:'i.l of and Net exports goods services ______do ____ 3. 0 4. 4 3. 8 4. 9 ;).·! 4. 3 4. 1 4. 0 3. 3 4. 4 4. 1 3. 3 ~- 6 4. 8 4. :l 0. ·1 Exports ______. ______do ____ 27.!) Imports ____ -----______do ____ 26.3 28.9 27.0 27. 5 26.5 27.8 28.3 27.9 29.5 29.4 28.8 28.6 311. 7 31.1 3~. :l 2:3.3 23.1 25.1 22.1 22.1 22.2 2.3. 7 24.2 24.6 2.5. 0 25.3 25.5 24.9 25.9 27. 1 :?j).\)

Govt. purchases of goods and services, totaLdo ____ 99.6 107.9 Il7. 0 101.6 104. 7 106.8 107.9 Il2. 3 Il5. 1 115. 5 117.1) 120.2 123.0 123.8 12fl. 7 1~7.; Federal (1<\ss Government o:;;ales) ______do ____ 53. 1 57.4 62.4 53. 7 .\5. 4 /i7. 1 57.1 59.8 61. s 61.9 62.4 63.6 t).1. 5 fi6 . .t'i fHi . .f lit\. I) National

19f01 !961 . I l%2 1961 1962 j91;:j otherwise stated, statistics through 1962 · I t~nless l!lf.t and descripth·c notes arc shown in the 1963 ·--;;- ----,--1-I--,-I-!-1 I· edition or BUSINESS STATISTICS "~llntwl totnl 1 II III IY II HI I GENERAL BUSINESS INDICATOHS-Quarterly Series-Continued NATIONAl- INCOME AND I'RODUCT-Con. I i Quarterly Data Seasonally Adjusted at Annual Rates I GNP in constant (1!!51) dollars I Gro" national product, totaL ______hll. $ .. 4:39.9 447 1 I 474.8 4:l4. o I 443.4 4ii

Personal ronsumptlon expenditures, tot.aL.rlo .... 298. 1 317. A 2HR. 5 302.2 304. ,) 31)9. 2 31:l. 0 ai!'i. n 1 318. G 322. g 327.0 l 303. "I 325. 5 330. 1 Dura hle g-oods._. ______do __ __ 42.2 41. 5 4:). {) :l!J. 3 40. D 41. fl 44. I 44.7 Hi 4!1. 0 47.8 48. I 48.0 48.0 .10. 4 Nonflnrahle goods ______......

60.2 ,\i.ii fifi. 2 49.7 .~.1. (j .l{l. 9 fl4. 7 64. 4 fl5. 2 64.6 (\11. 4 fi8. 6 71. 4 fl:::s'~:::-~~f: ~;~~;~~;i~-;~ ~~~~~~~~: -t~t~~l~::~~:::: I 64. ""· 0 s.l 1\JPt.\' con~tructton ______do ___ _ 34. 4 3!. 7 3f). 7 33. 1 34.2 3.'i. :i 3tl.O 34.7 3G. 8 I 37.8 36.9 35.7 37.3 38.6 an ..1 ProdnPPrs' dnrahlf' f'Qnipmpnt______clo ___ _ 2:?. T 21.0 23.8 20.2 20.2 21.3 2'!. 4 2?. i 2~. ~ 24.2 24.8 24.0 2.}. 3 2fi. 1 20. s f'lwnge In hnslnes~ Inventories ...... do .. .. 3. 1 1.7 4. 8 -3.6 1.2 3.1 6. 3 i. 0 "·' 2. 9 a. 4 4. 9 3. 8 4. 0 ,). 0 '\et exports of goods and services. ______do .. .. 1.7 2. 3 1.8 3. f, l. 1.9 1.7 .9 2. 6 2. 3 1.4 1.8 2. 8 2. 3

Govt. pnrchasesof~oodsand serv!rrs, totnLcto ... . 79. g 84.3 90.2 82.3 8~. 7 84.2 87.4 80.4 8\l .•5 80. \) 91.9 9.3. 4 113.2 94. 1 tH. 2 Fe\2. i :)8fi.:; 391. 4 394.5 400.0 404. 4 4111. 9 Personal Sft\'ing § ______do ___ _ 21. i 27. 0 29.1 24. ii 27. 1 29.2 29.3 2?. 8 29. 7 2S. 5 27. 1 29.6 31. 0 NEW PLANT AND EQUIPMENT EXPENDITURES Unarljnsted quarterly or annual totals: I Alllndustrle< ______hll, $ .. 35. os I 34.37 37. 31 7. 57 8. 61 ;>3. 65 9.54 8. 02 9. 50 9. 62 10.18 s. 25 9. 74 10.14 110.92 z 9.05 14.481 M annfacturing ______------..do ... . 13.68 14.68 3. 00 3. 46 3. 34 3, 88 3. 14 3. 69 3. 72 4.13 3. 27 3. 92 3. 95 4. 48 3. ,\9 7. 18 6. 27 !.50 Dum hie goods Industries ...... ______do.. .. 7. 03 L 41 1. 58 1. 79 1. 44 1.77 L 79 2. 03 1. 62 1. 96 1.96 2. 2.3 1. 79 7. ()f) 1. 84 Nondnrallle gooils lnilustrles ...... do .. .. 7. 30 7. 40 Ui9 1. 88 2. 09 1. 69 1. 92 1. 93 2.10 !. 65 !. 95 1. 99 2. 25 1.80 .21 .26 '25 . 2fl . 2r. '27 '28 . 27 '24 . 26 '27 . 28 . 24 '17 '18 '16 ' 16 .Hi . 26 . 24 . 20 .2! '28 . 29 .31 . 26 ~f~ili~~~g~it~~~=.=~i~~~:i~;~:~~i,~~~===~=~==~dg:~::l. !' ~~ J~ ~J~ . 41 '48 . 47 ..50 '47 .60 . 50 .50 .39 .54 '4.5 . 54 . 50 1. 50 1.0(\ Pnhl!c utilities ______o.... ~- 5. 52 ~: ~~ 1.09 1.39 1. 54 1. 37 !. 54 1.52 1.04 1.40 1.60 1. 60 1.10 Communications ... ______do .. --I 13 ~: ~~ _ '75 .81 . 78 . 88 '88 . \13 .87 '95 . 85 . 95 . 93 Commercial and othH.. ______ilo ... 8 • 44 9 52 1.94 2.04 2.16 2. 32 2. 06 2. 37 2. 1 48 2. 60 2. 26 2. 41 2. 64 33.71 3 3. 36 Seas. ~dj, qtrly. totals at annual rates: I______.. ______1 33. 85 33.50 34.70 35.40 3.\. 70 36.95 38.35 37.95 36.95 38.05 40.00 140. 75 2 ·10. 75 13. 75 13.50 13. 65 14.00 14.20 14. 45 15. 0.5 15.00 14.85 15.30 15.95 Hi. 2.5 Hi. 40 AI~~~~;;~;;~;;~~~~,;;~;!~~;;;;;;;;;;;;;;;;;;;:':::::::: I:::::::: :::::;:; 6. 50 6. 20 6.10 6. 40 6. 5.5 6. 95 7. 2R 7. 30 7. 35 7. G5 8.00 8. 05 8. 20 Nondurable goodsindustries ...... do .... ------7. 2.1 7. 30 7. 55 7. 60 7. GO 7. 50 7. 80 7. 70 7. 50 7. 65 8.00 8. 20 8. 20 . 95 1. 00 1. 00 1. 00 1.15 1. 05 1.10 1.00 1.05 !. 00 1.05 1,1),\ 1.05 ~~U~~~cts:: ::~~:::: '70 . 70 .65 .60 '70 '9.5 1.00 . 80 . 90 1.00 1. 20 !. 31\ 1.15 :::::::::::::::::::::::::::: :::::::: :::::::: :::::::: I. 0 1 1. 75 1. 80 1. 90 L 95 2. (),\ 2. 25 2.00 1. 90 70 2.05 1.85 2.0:\ 2. 20 ~~~~~ff~'i1ut\~~· . . !~~~~~-~~-a!~~~=~:::::::~~:::: ::::::::I:::::::: :::::::: 5. 35 5. 50 5. 65 5. 55 5.1.\ 5. 40 5. 75 5. 4.> 5. 20 5. 4.\ 5. 90 5 . .';f) 5. ()0 Commnn\cetions ______i\o ___ _ 3. 20 3.15 3. 20 3. 3.5 3. 70 3. 65 3. uo 3. 60 3. 55 3. 65 3. 85 f'nmmrrc!al and other ______do .. __ 8. 15 7. VO 8. 60 9.00 8. 75 H. 2R \l. 85 10.20 9. 65 9.65 10. 20 314.30 BUSINESS POPlJLATION Firms In operation, end of quarter (seasonally ad- , _ 4 justed l. __ . _. _.. _____ .... ------thous.. 4 658 4 4 713 44,755 4, 740 4, iGO 4. 7Gtl 4. i70 t 7"0 4, 790 4,800 4, 815 4,825 4. 835 4. s.oo 4. SGO ------U.S. BALANCE OF INTERNATIONAL PAYMENTSt I I Quarterly Data are 8ea•onally Adfu•ted U.S.payments,recorded ...... mll.~ .. 1 31,174 31,778 33,254 7,G73 7,535 7.Ul7 K6fl3 ,,24G 8,31G 8,214 8,478 8,453 9,713 S, 3881------

Imports:Merchandise .... ------· .. do .... 1 H, 723 14 , 4~-• 16, 145 3, 38o 3. 404 3. ~26.,_,.,_ 3, Hbl 3. 942 4, uao 4, !27 4, 046 4, 002 4, 170 Mllltaryexpendltures ...... r ecrv1cee ...... do .... 1 5.434 5,435 5,7Dl 1,318 1,415 1.423 1.444 • 23 1,501 l..o07 Hcmittancesandpenslons ...... 2 176 187 212 209 193 1. o.os 1. 312 Oovt. grants and capital out.flows ...... do .... l 4, 05ti 4, 281 985 856 1, 029 I, 18G I, 075 1 1, 07S I, 015 1,083 977 C.S.privatecapital(net) ______do .... 3.t:U2 -1,150 3,273 1,02·1 1,002 841 1,280 1\li!! 834 711 8ti7 926 1.727 .537 4 };~~~i~~~e~~~i~l;~---~::::::::::::::::::::~~::::1 !,~;,~ Lm l: gg~ £1 ~it ~~~ ~(;I g~ I ~gi; r~~ ~~~ ~n t~~ ~~~ 1:::::: : Rhort-t.erm ...... do.... !, 3-l-'< I, 5ll 507 472 43U 211 41!~ 3U5 I -1 !Iii 39 -87 t\23 -2S I ;~r:::::~ts,recorded ______do .... ,27.97H :;0,313 32,093 7,428 7,95ti / 7,247 7,1i82 7,tib8 ! 7.\101 ~.327 8,177 7.710 8,332 8,4GG 1:::·:::: ::::.::

~!~rchandise ______,______do ____ 19,409 HJ, lll3 20,479 5, 000 4, 755 ' 4, B:-,1 5,121 s. 022 5, 262 5, 270 4, 925 4. \W8 5, 481 5, 53~ I il5, 78H ______St'rvleesandmllltarysalcs ...... do .... 7,510 8,398 9,311 2,038 2,088 2,120 2,152 2,1~-l 1 2,318 2,280 2,499 2,449 2,410 2,402 ______1 Rt·payments on U.S. Govt.loans ...... do____ t13H !, 274 1, 283 !28 851 99 1% !55 I 237 601 290 176 190 420 ______... Forci~nePpitnlotherthnnliqnitlfuntls(netLdo.... :;t;G 728 1.020 212 262 41 213 :!271 54 17G 41•3 87 251 55 ______1 Exct•ssofrecordedrPcelptsorpayments(-) ... do .... /-3.198 -1,465 -l,lftl -245 421 -670 -971 -558 • -415 113 -301 -743 -1,381 78 ______~:nrecorded transactions (:wt) ______do.... -l·b:l' -9~5 -1,'125 -227 -390 :~I -31~3 -~7 -37 -4ft~ . -4U2 -122 142 -334 ______lotal, net receipts or paJments (-) ____ ..do .... -3,8Sll-2,3.0 -2,186 -4721 31 -Goo 1-1,2•4 -5o5,1 -462 -356 -793 -8G5 -1,239 -250 P-2it~ '\pt ll'rc1pts or paJment~ (-),incl. transactions m I , I I nomnm ket8.hl{, nwdliUll·term con\C'Itihlr nc)\ t. 1 <-;t•f•UtltH•-.. _ ------_ .nllJ ~-~ ------1 -.515 -1,087 -81 P-177 'Hevlsed. •Preliminary. 4 Fna-;p,; mining, 1.04; railroads, 1.08; transportatioa, 1.91; puhlic utilities, 5.64; commercial and and nee. i~sucs of the SrR\'EY. otlil'!' (iuf'l. communications), 13.75. 3 InclwlPs ron1munications. ~t'R\'EY OF (TRRE;\"T BU:-'IXESS S-3

1963 1!164 Vnfei-;s oth<•rwisc stated, statistics through and dpscrivtive notes arc shown in the fan. Ft•h. )Toy. edition of BVSI~ESS STATISTICS I. ~tar. I Apr. I :\f:1y \ June I July \ Ang. St>pl. Ort. I Ike. .Jan. ------I GENERAL BUSINESS INDICATOHS--:\Ionthly Series

PEHSONAL INCOME, BY SOVRCE i ! 1 'I 2enson:llly ad~n~tc,1, nt ntllllHllrnte~: 1 -----,45T ::.4/"(j'_tj r•lot:lt , ' pcrson,tl· wcor,_IC------' • h'11. .,~ __ :.u i -! ! HL 1 t.s:z. 1 4tJ4. o 4:J2. n 4."i4. s -t37 A 4t10 .I 4fi2. () 41i4. 2 41\5. 1 471.:: -1';:.?. (j r 1/ti. 0 47X. ., \\ ~1gc and salary (hshursements, totaL ___ do ____ l 27'. ~ 2,;· I 302.9 3tl2. S 304.7 301U 3tl8 .7 311.2 312. \! 314. I 314. 4 311\.2 :-n~. 7 31 ~!. 2 r :t2tl,..., 321. \l f'ommorlity-producinrr industries, totaLdo ___ _ 110." liS ..1 ll9. (i 1HI.fi 120. I 120. u 122"\ 12:l.H 12-t 7 125.1 124. 7 125. i) 12n. ~ 1:211.'2 r 127. :2 1:.?7. 1 ;\. l anuf:1cturlng ouly ______do ___ _ H4. 2 \14.9 94. 7 g;;_ ,1) 9fi. 3 Hi .2 98.4 99.1l fJ9. 2 99.6 lilO. '2 1()(\_ '2 •!Ill.! !Ill. nistrlhutl ve lnrlustrles. ______rlo. __ _ "'·72. ~)c, {{j_ (j ~~- 4 77. 9 78. 6 7"1\. 7 79.2 79.7 79.8 80.1 80.2 80. 7 ;...{), !J 81. p ' 81. ~; SJ. i :-.:erYire in (lttstrles ______------______1lo ___ _ 43.4 4!1. 4 47.7 17.8 48. [) 4tU Hl.l 49.4 49. x 5il. 0 50.2 iill. 4 GO. tl :W.S n OYern men t______--- _·- __ ------_____ ---do ___ _ 51.8 50. (i fii. 3 :S7. () .'"i~. () 58 .:l 58J) 53.\) 5~1. 2 ·"\). 5 .)9. 8 til.;{ (il,ti Other lnhor fncome ______do ___ _ II. 4 !2 I 12. 4 1~. 3 !2.. ) 12.5 12.1\ 12. G 12.7 12. 7 12. 7 1:2. ~ l:?,.'"i Proprietors' income: ~\~I Husln€'~s nnd professtonaL ______do ___ _ 3.\. 3 37. 0 :n.1 :r;·. 2 :l7. 2 37 .:l 37.4 37. () :l7. 7 37. H 37.9 3~. '2 38.2 • :1s. 4 Farm_------""- ---1 12.8 13." 1:1.6 13.5 13.3 12.8 12.n 12.4 12. 7 12.7 12.7 tc. ~ l:2.ti 12 ..I

Hrntnl income of persons ______rlo ___ _ 12.1 12.0 12.0 12.0 12.0 12. () 12.0 12.0 12.0 12. I 12.1 12. I 1:!. 2 1:2.:2 12.:2 l ~ ~. :.! J)i ,-i(len (ls ______do ___ _ 1.1.:3 lli. 6 17. 7 17.0 17.2 17. '2 17.3 li .0 IS. 2 17. 5 l7.li li. K 1 "i. 2 ~~- fl 1\l.R 1n. o Pf~rsonal interest incorne ______do ___ _ 27. i' :JO.O 31. :l 31. .) :n. 7 31." ' :n.9 32.1 32.3 32. n 32.8 33.0 3~{. 2 33. f) 3:l. x 3!. I Trnn~fPr nnyme-nts ______do ___ _ 33 () 34.8 35. 7 '3\1. I 35. 7 36.2 36.4 36.() 31j_ 4 3fl. 5 36.7 31'. 8 37.3 :J7. 6 r :37, 7 '40. :.> Less personnl rontrthuttons for social insurance hll. $ .. 10 2 ll. 4 11. 5 11.5 ll.f\ ll.7 11.8 11.8 II. 9 II. 9 1:!. 0 1:2.0 12.1 1:?.:.?

Total nonng-rlcultural income ______do ___ _ 424. 5 : 405. ~) 4:J4. 9 437.0 HO.O 443.1 4-15. 8 447. (I 4+8. 0 4M.1 -1.l5. i T 4.l!). 2 :! 1tl:!. 1 FARM INCOME AND MARKETINGS I I Cnsh rcreipts from farming, Including Government pnyments, totaL ______mlL $--! 3, 031 3. 138 3,1i91 3, 508 2. 4Hil 2, 440 2, 316 2, 373 2. 307 2. 838 3, 043 4. 223 3. 457

2, 9071 2, V93 3,1H4 3, 42fi 2,3\18 2. 333 2, 2.57 2, 342 2. 291 2, 781 2,\128 ;;, 455 4. E~l7 4. ](10 3. 40U F'~~~~;~~~~r-~~:~_~~~ ~~~~~- ~?-~- ~~,~~':: !~-t~!::: :~l~:::: I I. 291 1,328 2,00fi 1, 709 95!) 754 fi70 n9I Rl5 1.197 I. 279 1. 785 2. 54fj 2,390 I. 912 LJ\·estork nml prorlucts, total? ______do ____ l l,t\!fll 1. OG5 Ui118 1, 716 I, 43\l 1. 57\1 I I, 5~7 1, 651 1, 47fl I. 584 l,f49 1.m;1 1. B72 I. 710 1.-HJG 1 4119 404 404 4il2 372 4H\; 40() 438 417 3(18 387 384 3\15 385 403 ::::::::::::::::::::: \!In !W8 900 1,022 7\l•l SStl 914 956 986 I. 234 Poultry~~~~l i~'::. anrl~I~~~~: eggs ______::l~:::: rlo ____ 788 909 988 7Hfl 2tl5 2m) 284 2()1 240 ~~~ i 258 251 248 262 289 2\13 330 326 277 Indexes of cash receipts from marketings ami CCC lon.ns, nnndjn~ted: A II r·ommorlities .. ------1947-49~ 100 •. !Hl 123 148 141 98 96 P3 96 94 !IJ 120 142 1S5 168 Hll f'rops ______------______do.- __ 120 124 187 !59 89 70 62 64 112 119 U\G :237 1 76 223 178 LiYestork anrl products ____ ------. _rlo. __ . 110 122 118 126 ]()f, ll6 ll6 121 108 116 121 !23 145 12.) 110 Indexes of volume of farm marketings, nnarljn~ed: All commo2 109 108 138 1~7 205 Crops ______rlo .... 135 162 104 112 109 130 188 JN·~ 128 130 197 186 90 0!\ fi3 59 72 119 127 170 :!47 z:Jo 183 Livestock anO prodncts ______J}o ___ _ 140 142 ]:J(j 143 123 110 142 !52 135 139 145 147 174 !57 140 1 INDUSTRIAL PRODUCTION ! Federal Reserve Index of Quantity Output l'nadj., total index (incl. utilities) ___ .1957-59~!00 •• 109.8 118.3 ll7. 2 117. 9 120. 5 122.5 123.1 125. 1 127.9 120.5 123.8 Ic8. 3 129.\1 127. 0 r 124. 5 120.4 By industry groupings: 1\.l a nuf11ct uring- totaL--~- ______do---- 1 109.7 118.7 117. 5 ll 7. 8 120.7 123.3 124.0 126.1 128. 8 120.5 12:1.4 128. 7 131. I 128. I '124. 9 12f,_ 5 Durable manufactures ___ ------______(]o ___ _ 107.0 117.9 119. 4 liS. 3 120.7 123.2 124.4 126.9 129.8 121.0 118.1 126. G 129.3 128. 4 r 127.2 126.5 ~'ondurable manufactures ______do ___ _ r 112.9 119. ;; ll5. 1 117. 2 120.6 123.4 123.7 125.1 127.5 nq. s l~lO. 0 131. 41 ' 133. 3 127, () '122.1 124.2 :\I ining ___ ------______..do.--_ 102.fl 105.0 103.3 102.6 104. (l 104.5 106.9 108.9 111.3 105. ~l 112.2 1J 1. 4 ' Ill. 0 • 108.2 101. a 107. 3 r t. ill ties------.do---- 122.8 131.3 ------Hy market groupings: I Final products, totaL ..... ______do .... lHl. 7 119.5 120.0 122.4 123.7 122.1 123. (I 127.1 121. 7 123.8 130.0 '1:ll.9 r 127. 8 ' 12.), ~l 126.6 119. 7 119. 0 122.4 123. g 123.1 r ]:2S. .') 12.'), (i Consumer goods __ ------dO---- 112.Ill. 31'7 117. 7 122.1 128.1 121.3 124.3 131. 7 • I:l4. 2 '123. 6 Automotive and home goods ______do---- 1 ll2. 0 125.9 131. 7 128. 0 133. 8 135.2 135 .I l:l5. 4 142.0 124.3 105.7 I:J5. 4 148.1\ ' 147. 7 '140. 7 I:l\J Apparel and staples ______dO----~ 112.9 117.7 ll3. 2 116.1 118. 7 120.3 118.0 liP. 2 123.7 120. 4 J:lll. 2 1:lC. 5 r 1~~). (i • 122. ,, 'll8. 1 121 Equipment, including defense ______do---- 108.3 119.6 123.3 122. I 122. 6 123. I 122.1 1:!2. 8 124. 8 122. G 122.6 l~ti. 3 L't1.9 r 1:26. 2 r 1'2H, 0 1~8. s

:\1 aterinls __ ------dO----~ IllS. ·I I ll7.1) ll5. 2 115. g 118. 7 121.5 12·1.0 l:W.9 128. 6 11\l. 4 123. u l:?fi. t'l r 12~.1 121-i. 3 r 12:1,9 1'2-J.;) nnmhle goods materlals ______dO---- 104.8 ll4. I ll2. 3 112.3 114. 6 118.5 122.0 !~G. 5 129.2 118. 7 ll8. 7 124. (I 12.1. 3 '123.2 '120.8 120 ::\ondurable matenal~. ------dO---- 11~. 1 120.0 liS. 3 119. 7 122. 124.5 12\i.O 127.3 128.0 120. 1 12\J. 2 l:.!~l.lt r 131.0 r 12\1,4 117. 0 12~1

Seas. adj., total index (incl. utilities) ______do----,' 109.8 llo. 3 119. 1 119. 2 120. 2 121. 3 122.5 124.5 125.8 12fi. 5 125. 7 1~.5. j l:!fl. ,S I r Uli. {j r 117. () By indu~try groupings: :l\fnnuf:1cturing, totaL ______dO---- 10!). 7 ll8. 7 llil. 7 119.8 120. D I 121. 9 120.1 125.2 12G. 4 121). g 115. g J:!n. 1 1:!7.1 1'27. :~ 127. X 127. '{ Dur:l.hle mnnufactures? ------<10----; 107.0 117.9 118.9 ll 9. 0 120.0 121.5 122.81 1:25. G 127.4 127.0 1:~5- 0 1~5.:) l:.!ti. 3 r l:.!fi. ti 127.1 Primary metals ______-----______do---- DS. U lll4. (i 99. 7 Htl. 6 Ill.). Ill .H 120.1 127. 4 125. B 12!2. 8 JIIU. 4 WI. 7 108. -i r 1(1\), .~ r 110. ;-) Iron nnd stecL ______dO---- UG. 5 lllfl.(j 95. s \JG. 0 102.2 Ill .fl 121. R 129.:{ 121\.1 117. I 102.6 !llO.IJ !riO. il r }();), !i T 104. t Nonferrous metals and products ____ do---- 1117.,\ 119. I 120. G 121. 7 121.0 123.7 12!.0 124.2 125.5 123. f) !2(\. 4 l:iU. 4 r 1:30. i r ];):?. !J 130. (I Fahricated metal product_.., ______dO---- lOfi. ,'l 117. I 117.2 IJ8. 4 11K5 11 il. 3 120.2 12:3.3 12.5. I 1'2!i.tl 120. '! r 12d. l t20, J 127 Structural metal parts ______do---- lfl.i. 2 ll:l. 2 112. 5 11:l. 5 113. \] 115. 4 11<5 .8 Ull. 9 123.0 124.2 12-t .1 1i~: ~ I ~j~: ~ r 1:21. :i r 121.7 1\ I nchinery ______.do---_ Jill. 4 12:1. f, 12.1. 5 !25. 2 120. 4 126. 2 12.1.0 1:.>8. 4 129. 4 129. (i 1:1o. 5 131.0 1:-L~.:! r 132. H r ];~:2. S Nonelectrical machinery __ ------d0----1 lllfi.li llH. 7 121. fi 122.2 12:J. I 122.7 121.7 124 ..5 12(\. 0 127.0 128. (i l:2U. ·1 1:11. 4 t:n_ \l r t:t.?. ti Electrical machinery ------d0----1 ]].). 7 1~8. 5 1311.8 129.;i 130.8 130 .s l:Jl. 4 133 ..5 133. g 133.0 1:1a. g I:J:J. ~ 133. 3 • 1:13. ti • J:l:l. I

'T~ansportation cquipment______dO----~ 11l:J. 6 118.3 1~1. i 122. 4 122.3 i 122. 1 12a .7 1:.>1. 5 130. 4 12\l. 3 12t), t: [ 1:.?~. 7 Hll.>­ r1:11.1 l\Totor vehicles and part.s ______do---- 111.9 134. I }:)7. 7 137. 9 1:~9.1 I 140. 2 Ill.o 113.1 lf>3. 8 150. \J ]J:J. 7 1-H\.5 l:)l. ~ 1:;1. 1 Aircrnft and other equipment______dO---- 9;\ 7 HJ'J. 9 WI. 0 10/. \l 1 Oti. 8 10ii. 6 1117.2 107. 5 IO(J. 4 109. (j Ill.! 111. l '111.7 ' 11'2. f)

Instruments and related products ____ do---- 'I 115. 8 123. (l 125. 4 125. I 127.0 121.2 12n.rJ 130. 2 131. fl 132. (i I:l2, I 13~. 5 • J:ll.ll Clny, glass, nnll :::tone products. _____ do- __ _ 1116.3 111.1 113. I ll:l. () 110. 7 11-l.li 1 !.\ .5 115. () 117. 9 119. 7 11~.1 1211.4 1:2tl. ~; I r ~~~·; Lum~)er aiHl prodncts ______d0----1 IOJ.:l 1111). l ]0.~. 7 \0.). 7 108.2 115. 7 lllS.O l!IS. 9 105. \! HH.1 1111. 4 HIS. I •lll.l i 111:6 Fnrmture nnd nxtures ______do---- 11G. :l 12!\. 8 12X. i\ 129.2 12fi. 6 1:.>S. 3 12\J .:l 132.8 133.2 135.8 13:1.8 13.1.0 r nw. 7 I • l:l~.o 1\'li~cellancous mnnufnctures ______do---- -~' !U.S t22. 2 l:W.5 120.7 120. "I !:.>1. 3 122.3 1:!,1. 7 12fi. 4 12S.l l~X. -1 l:.?ti.:Z r]'l.'i.(l ! '1'2tl.l 1\1!. g 122. 3 122. 1 Apparel products ___ ------dO---- 112.1 liS. g 1:22.2 122 .•5 12a.:! I 122. ·" 122.91 1~~. 6 124. g 12t;, 2 I I~fi. H 1!.7. 9 • 12\J. t> I I3o. 3 Leather and protlucts ______do .... / 100.2 102. :l 99. 4 96. 4 9X. 7 ~~s -~ 915.4 1J7. 5 !)\}_ 2 Jj)J.J Paper and produrts ______rto ____ . HS. fl l !ll:J. 9 103.7 1------­ ll:l.; !Hl. 7 llV. G 120.3 123. ~l I 123. H 122.8 123.4 ' 125.8 127. H 127. b I T 12b. 4 r 128. f, J 127. [) t The total and componrnts an• annual totnb. :: Italit'izt'd totals for Jan. H)t\3 and ('d to $:3.fi billion (Jan. HHJ3) and $2.1 billion (.Jan. 19G4). Figures for transfer payuwnts awl bn. HH\.1 <·~elud(• st('{)J)('d-up rate of Gov('rmnent lik in:suranCi.' payntrnt~ to vC'ternns (Jan. tot:tl nonag:rieultunll income rl'flPcting ~imila.r exclu~ions an' ns follows: Jan. 1963-$3.1 . .-J H.lli3 totnl :Jlso t•xclwles special GLI dividend payment::;); total

1961 1 1962 1962 -~-- 1963 196~ Unless otherwise stated, statistics through 19621 and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS Jan.}; aYerage 1~ Jan. I Feb. I :\Iar. I Apr. I C\lay I June I July Aug. I Sept. I Oct. I :\ov. I Dec. GENERAL BUSINESS INDICATORS-Continued

INDUSTRIAL PRODUCTION-Continued Federal Reserve Index of Quantity Output-Con. I Seasonally arljusted indexes-Continued I By Industry vroupin~s-Contlnued Nondurable manufactures-Contlnuerl I I Prlntin~ and puhllshlng ______1957-59=100 __ 111.5 114.6 ll2. 3 110.2 110.5 109.7 116,5 118. 4 11R. 6 , liS. 4 118.5 118.6 117.9 ll8. 5 '121. 8 120 N ewspapcrs ______------_____ do ___ _ 106.0 108.5 100.5 94.0 93.9 90.8 109.7 111.4 112. s 1 lll.ii 112.8 113.7 111.9 113.2 119.2 Chemicals anrl products ______do ___ _ 123.3 136. 1 138.7 140.0 141. 4 143.6 146.1 147.8 151.3 151. 7 152.6 '153. 9 '154. 4 15:l. 4 Industrial chemicals ______do ___ _ 129.6 147.5 150. fi 152.6 153. I 155.2 160.7 161.9 148.51162.2 165.2 165.3 16li.8 '169.1 1G9. 4 Petroleum products ______------_ .do.--- 108. 7 112.9 114.2 114. 3 114.3 115. 5 115.8 116. g 118.2 119. 5 117. 6 117.0 119.0 '118. 5 111.2 Rub her and plastics products ______do ___ _ 111.9 130.6 13f, 8 131.4 132.8 140.3 138.8 140.7 136. 5 143. 1 142.5 , 142. I 142.4 Foor1s and hevorages ______do ___ _ 137. o I 110.3 113.5 114.8 115.0 11.5. 7 114.8 116. 2 116.3 11C.S 117.5 116.5 118. 5 T 117.4 111'-.4 Food manufactures ______do ___ _ 110.6 113.8 115. 1 nu~ ll5. 2 116. 0 115.2 116. 4 116. 4 I 116.8 117.5 117.5 liS. 8 '118. 0 119.1 Beverages __ ------__ do_- __ 107.9 111.5 113. 1 116. 1 114.2 ll3. 9 ll2.7 11.\. 2 115. 6 1 110. 7 117.7 110.9 ll7.0 114.4 Tobacco products ______---- __ do.--- 110. 8 112.0 Ill. 4 113.0 114.6 114. 2 112.7 118. I 114. 4 i 117.9 116.8 116.8 114. 1 114.6

102.6 105.0 103.2 103.0 104.7 105.4 107.4 108. 5 111.3 111.3 110.3 r 109. 1 r 107. G r 107.2 107. 7 109.4 II_ Mb~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~ ~ ~~ ~ ~ ~: ~ ~: ~:::::::::: ~: ~g~ ~:: 90. 1 95. 3 95. fl !15. 1 96. 1 93.9 !Oil .8 104. fi 107.1 107. 1 108.0 !Oii. 2 104. 1 102.1 103.4 !ll4 Crurle oil and natural gas ______do ___ _ 103.1 105. 5 104.2 102.6 10.\. 3 !().5 .9 107.2 108.3 1\lR. 9 lll.8 Crtl(le oiL ______do ___ _ 111.9 llO 6 ' 109. 1 ' 108. 1 ' 106. 7 107 103.0 105. 1 103.8 101. 6 ]()j, ~ 104.9 107.3 109. ,) liO. 1 113.0 11:!.7 110.1i 109.6 '108. 9 'lOG. 9 lOti MHal mlnlnf' ______------______do_--_ 111.9 112. 6 104. 1 110.1 114. 3 115. 7 114.5 116.4 112. 8 110.3 112.8 113.4 '109.8 '10<1.3 111.4 ------f'tone and earth mlnera\s ______do ___ _ 109.4 109. 7 1115.8 111.9 !Oil. 2 110. 2 113.4 110. 1 113.2 113 . .5 110 .• 111.9 115.5 '113.2 113.0 ------Utilities __ ------___ ------______do ___ _ 122.8 131.3 133. s 135. 9 138.2 136. 4 135.7 139.1 141.3 144.6 145.3 1 142.8 123.2 133. 1 13f>.1 13i<. 0 140.3 138.1 136.8 140.9 143.5 148.3 147.3 114.7 ;m: ~ 1 i!~: ~ J_,_:~~-~ __ :~~~~ ~~~~~~== ::::::::::::::::::::::::::::::: ~g:: ~: 121. 5 125.9 12fi. 8 130.0 131.4 130.6 1:l2. 9 133. 7 135. 2 136. 0 L3i. 0 137.9 ------'------By market groupings: Final products, totaL ______do ___ _ 119. 7 111.31 121. 7 122.3 122.6 122.4 122. I 123. 5 125. 2 12.s. n 126.5 r 127.9 128.0 T 128. 5 128. (} Consumer goods_--- ____ -----______-- __ do ___ _ 112. 7 Jl9. 7 121.2 121.8 122.9 123.1 122.5 121.1 12ti.9 126.4 126.7 '12~. 0 128.2 r 1:28.2 I lb. 4 Automotive and home goods ______do ___ _ 112.0 125.9 !~!). 3 130.0 130.7 131.0 131.3 133. 1 136.9 134. G 134.7 137.7 139.6 r 139. 2 141 Automotive products ______do ___ _ 111.8 131. I 13G. 9 136.5 137. 7 136.3 137 .() 137. 1 H,o.3 134.8 Autos ______cto ___ _ 141.1 138.0 141i. 8 149.1 '147 ..5 14(] 108.6 135. g 142.0 141.3 142. 0 141.8 141.(1 144.3 1.1)t). ~~ 153.1 139. il 144.2 156.8 !GO. 6 r J.s·;.o !.53 Auto parts ancl allied products ___ do ___ _ 116.0 124.9 130.1 130.2 132. I 129.1 132.0 127.7 12G. 1 12ti. 3 128. 5 1:2U. 8 133.6 134.0 134. 9 goods do ___ _ Home 9 ______112.2 122.2 123.9 125.S I 125. g 127.3 120.0 1:ln. 31 131.0 130.1 1:t!.O 132.3 131.3 '132. 9 133. 4 Appliances, TV, and radlos ______do ___ _ 109.9 11S. 2 1211.0 IIi .3 I 11!1. b 123.2 123. f\ 1''8 129. I 12f> 0 130. ~ 130.4 126.6 129.4 Furniture and rugs. ______do ___ _ o I 112.8 123.9 125. 4 130. o I 121i. 0 127.4 127.0 130,7 I 132. b lil3. 8 133.6 131. G 133. 2 '134. 1 135.4 I Apparel and staples ______do ___ _ 112. g 117. 7 119.1 !HI. 2 I 120. 4 1211.5 119.8 121.3 122.4 113.8 1:!4.6 124.1 '124. 9 '124. 5 r 124. 7 125 Apparel, Incl. knlt !(Oods and sboes.do ___ _ !(19.0 114.5 !HJ. 4 11:). 7 116.6 !Iii .2 115.3 11:;. s 117.4 118. ~ 119.2 119.7 121. 8 ' 121. 8 12(). 0 Consumer staples_------_rlo ___ _ 114. (I 118. 7 11\1.8 120.2 121. 4 121.8 121.0 122.9 12:l. 8 1:?5.:? l:!ti.l 125.4 r 12.5. 7 r 125. 3 120. n L?G Processed foods ______.do.--. 110. 5 113.7 114. 4 113. 8 111. 5 11.5. 2 114.9 11.1. !J JIG. 1 !Hi.:l 117. g 117.9 118.1 '117.8 118.9 Revcrnges and tobacco ______do ___ _ 109.5 Ill. 7 112. fi 11.1. I 114.3 114.0 112.7 116.2 1!.5. 2 117. 1 117.4 ' 112.9 11n. o 114. 5 Drugs, soap, and toiletries ______do ___ _ 120.7 129. B 132. g 1:>4. 2 135.2 137.7 137,1 138.7 139. 7 143.8 144.0 144.8 144.0 '143. 8 143.3 News.papers, nmgndnes, hooks~ __ do ___ _ 114.9 110. 7 I !.1. ~ ll3. g 115. 0 I Li. 3 II~ .3 11>1. 3 ll\l. 3 11\1. 1 1:.!0. ~ 118.2 l17. 6 T 117.2 121. I Consumer fuel and lighting ______do ___ _ 119.2 126.1 127. 9 120.7 133.4 131.4 128.7 132.0 136.1 138. ~ 138.4 137.6 '138. 0 137.9

Equipment, lndudlng defense<;! ______. do ___ _ 108.3 !1\1.6 122.4 122.0 121. 5 120. i 120.4 122. 1 123.8 12·1.8 1~5. 3 126.:2 r 127.7 T 127.7 r 12S. fi Business eQulpment______do ___ _ 110.1 122. 1 12.5. 1 125.0 125.0 124. \i 124.3 12.5. 9 127. 8 129.0 130.1 131.0 132.0 '132.1 'J:>2. 6 In. 9 116. b 118.0 120.2 122.9 1'2.~. 7 126.6 126.7 1:25.1 125.0 I, 12.5. 5 1:2.5. 6 r 125. 9 125. 7 104.8 114. 1 113.2 113. 3 114.4 118.0 121.2 12L5 125.8 12.5. 2 1:21. ~ l:Z2.1 r 122. fi r 1:!2. 4 ( 1:!2. 0 12:2 D~r~~,~~ni~~~d;~~;k"!~~~:-~~===::::::::~~:::: 107. g 127.5 12\l. 7 129.3 130 9 134.0 135.4 13(1, 4 145.9 142. 7 136.6 137.8 138.0 138. 4 I 138. , 105. 7 118.9 120.3 121.4 121. 2 122.2 123.1 12fl. 1 128.0 12fi. 4 L!ii.3 12R. 4 128.3 120.9 128.0 ~~~~fr~~~~;;_~~::::::::::::::::::::::~g:::: 105.2 110.4 !LIS. 6 108. 6 109.2 112.4 115.1 ! 116. 7 1i8.0 11\l. 4 lH!.:2 !Hl.C 'll9.3 '118. 9 117.4 Nondurable materials<;! ______do ___ _ 112.1 120.0 121.1 120 .•1 121. 8 122.() 124 .• 126. B 1:!7. 3 128.3 1:1S. 4 12s. o 12s. G , 128. s J:{o. n 13<1 llll. 5 !Hi. 5 117. 4 116.0 116. 7 117 .~ 119.0 l:?l.(i 121.6 119.' 1:21. I 1:21.2 r]21.5 rJ:21.8 1:!4.4 B~~~~~~~~~~~I>!:~~~ ~ :::::::::: ::::::::~g= ::: lll.3 117. 1 118.0 119. 3 121 ,,0 llii.l J2(l.:l 121. I ll9. 9 119. 7 11S.2 ,. 122.6 r 124.0 12;{, i General business suppl!es ______do ___ _ 1 110.0 116.3 117. 1 m~1 115. 4 115.9 120.4 1~2. 2 121. g 119. b 1:22. 7 1:!:?, i 121. () r 120. 7 124. 8

Business fuel and po\ver 9 ,. ______do ___ _ 107.1 lll.7 112.0 Ill. 7 l 113. 9 113. 3 115.U 117.9 120.4 r C\11neral fuels ______.do ___ _ ll8. 8 1:!1.2 119. 1 '118. 7 '118. 7 118.2 102.0 1114.9 11J4. 2 102. 11 I 105. 6 105 .I lOS .0 110. ,0 111.5 11-!. 0 113.8 112.1 '111!.5''110.0 r 1U8. 9 Nonresidential utilities ______do ___ _ 121.1 129.9 132.9 134. 3 135. (I 134. 7 135.9 138.3 138.7 141.9 140.4 139.4 ' 141. 2 141. 9 BUSINESS SALES AND INVENTORIES § :\Ifg. a11 34. 94~ 35. 6'11 34.736 34,672 35,214 '35, 004 35. /.~~ 1)urahle goods irHlustr;es ______do____ 15,532 17.lti4 16.832 17. 301 117.1i3ci 17. (1:22 17.8~2 IS.ll'2 18. 24~ 18. 746 1o. !lin 17. 937 18. 590 '18. 272 18. 21\fJ ~ondurahle f'Oods industries ______do____ 15.352 16. 124 16. 113 16.241 16.478 16.622 16.1lbG 16. 724 10. 700 16. 8\J5 16. 576 16. 735 16, 624 '16, 732 17.493 RPtail trndc, total t------do ___ _ 18.n4 19. G1;l 20. 2o3 20. 387 20. 37 4 :20.3.10 20. 2iG 20.200 20. 486 :!0. 7HJ 20. 666 2'J. 426 20,716 '20, 558 21.om Durable goods storPs ______do ___ _ 5. no~ G. 24fi 6, 4H8 f). ():24 6. G:!4 G. ,"ii{) t1. G-!tl G. f>l:! G. G:JIJ ti. 770 6.:162 6. 606 6. 941 '6, 734 G. SIH Nondurable goods stores ______clo ___ _ 12.626 13.367 13. t6r1 13. 763 13. 7511 1:l. 774 13.630 !3. f>> 11. 2S3 11.513 11.619 11.472 11. 4i.o 11. (i6~ 11. 71lG 11.670 11.950 11,991 ''ll,fo31 '12. 114 I lurahlc goods estahlislJments ______(]o ___ _ 4. 742 5. 021 .1. Oil 5. 148 .\, 203 5. li'H 5. 1~19 .5. HiS 5. 29:2 ,5, 2.\2 .s. 231 5. 405 .5. 350 r .1. :!5.5 5, 424 ~ondurahle goods establishmentscl' ______c]o ___ _ 5. 80!i 6. Hi!} 6.381 0. I:J;i 6 345 6.4-10 G. 270 6. 30b lo. 371 ti. 4!"1.1 G. 43\J 6. 54(i 6. 642 r2(), 3/5 t (),tWO

~Ifg-. and tradP invcntorks, hook value, encl of yE'ar or montl1 (seas. adj.), totalt,______mil. $ __ 94. 4ii6 99.272 99.272 0fl. 37S 99.,\88 99. 7(i[) !lU.963 ,100.295100.610 !,100.974 IO!.OI7 101.356 '101.881 '!02,o70 102.747

ll!anufncturing, totalt ______do ____ .5.5. 087 57, 7-53 57. 75~{ .\7. 883 .\8. 021 58. 12G 5x. :~n~1 ,18. 507 .l~. 70\l 58. 8S4 .18. t~ 1i' 59. 087 59.322 r 59, 180 llll. ()()~ Durable goods in lt), 200 lll. 342 16. 43U 10. 47.-.. lli. 5111 16 ..~8() 111 ..~4-1: 11).5-12 r1G.693 lrHi,iH51 Hl. 713 :lh•rc·hant wholesakrs, totalj cl' ______do ___ _ 13. 131 13, !i81 1:> ..581 13.493 13. ,;42 13. :'17:~ J:l.593 13. 7:!11 13, 7SO 13.831 13.9:12 14.122 14. 2i)'21r 14. :2ag 14.071 Durai>IP goods est;thlishments ______do ___ _ 7. 9.08 8. 13G 8.131i 8.134 8.122 8. 089 8. 012 8. 227 8. 2\JV t;, 23-1 s. 317 8. 404 8. 401 '8. 430 F.. 425 !\ondurable goods cstablishmcntscl' ______do ___ _ 5. 173 5. 44.5 5. 445 5, 3:\~ [l, 420 .5. 4S-l [1, .182 5. 49~ .). 482 5 ..~nu .o. 6:!.\ .). 718 5, 740 ' 5. 804 5. r~-±fi rRcvisrd. P Prclhninary. 1 Total and components are based on uw1dju~tPd data. !.-)ce note marketl "t'' on p. S-4 of the ~O\T. 19fi3 Survey. tHevisNl s(_•ries. For a 'Figures for farm-product raw materials are as follows (mil.$): l\ov., 1,004; Dec.• 995. dc•tailcd description of the changes atfertiug these series and data for earlih' period3t se~ >I Includes data for it<'ms not shown separately . pp. 16-19 of the Dec. 1963 SeRVEY. ci'Exeludes merchant wholesalers of farm-product . §The term "business" here includes only manufacturing and trade. Business inven· ra\Y materials. tones as shown on p. S-1 cowr data for all types of produeers, both farm and nonfarm. l:nadjusted data for manufacturing arc shown on p. S-5; those for retail tra,Je on p. S-11. Fphrnnry 19G4 SURVEY OF CURRENT BUSINESS S-5

1961 1962 1962 1963 I964 Unless otherwise stated, statistics through I962 I and descriptive notes are shown in the 1963 Monthly July edition of BUSINESS STATISTICS aYerage Dec. Jan. I Feb. I Mar. I Apr. I May I June I I Ang. I Sept. I Oct. I Nov. I Dec. Jan. GENERAL BUSINESS INDICATORS-Continued

BUSINESS SALES AND INVENTORIES-Con.\ Inventory-salrs ratios: I 1\Ianufactnring and trade, total)§ ..... ___ ..ratio. -I 1. 5.5 i 1. 51 1. 54 1. .52 1. 51 1. 51 1. .51 1. .51 1. 50 1. 48 1. 51 1. 51 1. 50 '1. 53 1. 49

1\lanufacturing-, total§ ______.do ... . 1. i4 1. iO 1. i5 l.i3 1. 70 1. 70 LfJV 1. 68 1. 68 1.6.5 1. 70 1. 70 1. 68 '1. 71 1.68 Durable goods indu,tries ______rlo ... . 2. 0.5 1. ~)6 2. 04 1. 99 1. 96 1. 9!i 1.\14 1. 93 1. 93 1. 89 1. 96 1. 98 1.91 '1. 9.5 1. ~7 Purchased n1aterinls ______do ___ _ . 64 . (\2 . 63 . 61 . 60 .flO . 00 . 59 . 59 . 58 • GO .li1 . 59 '· 60 • SH Ooods in process ______flo. __ _ . R2 . so . 84 .82 . 80 . 81 . 80 . 81 .so . 79 . 80 . 81 . 79 • 80 .81 Finislwd goods. ------.do .. -I . 58 . 54 . 57 • 56 . 55 . 55 . .55 . .54 .54 . 53 . 55 . 56 . 54 '·.56 . 50 ------I Non(1umhlr goods industrics______do ____ l 1. 42 1. 45 1. 45 1. 43 1. 42 1. 41 1. 41 1. 41 1. 39 1. 41 1. 41 1.43 '1. 44 1. 3R Purcha~rd materials ______do ___ _ . DO _(H . 61 . !iO . 59 . 59 . 58 . 58 . 58 • .18 . 58 .•)9 '·50 .M . 20 . 21 . 21 . 20 . 20 .20 . 20 . 20 . 20 . 20 . 20 . 20 '· 20 . 20 ¥~~i~h~s r~~~~~~~::::::::::::::::::: ~l~ : :i • 112 . 64 . 63 .02 . 62 . 62 . 62 . 63 . 62 . 64 . 63 . 63 '· 6ii . 62 Retail trade, tot a It§. ______....do ... -I 1. 43 1. 3X 1.38 1. 37 1. 38 1. 3S 1. 38 1. 39 1. 37 1. 3r. 1. 3n 1. 38 1.37 '1. 39 1. 3() Durable goods ~torc.;; ______flo ____ j 2. 00 1. S2 l.S\ 1. 7fl 1. 77 I. iS 1. iii I. 78 1. i5 1. 72 1. 77 1. 70 1. !iS T 1. 71_\ 1. 7fl :-;ondura!>le voods ston's ______dO----: l.H l.!S 1.18 1.19 1.18 J.l\1 1. 21 1. 20 1. H! 1.19 1. 17 1. 20 1. 21 T 1.21 1.17 l\.Irrchant. \rhole~alcrs, total§cfl ______do __ --: 1. 21 1. lS 1. HI 1. 20 l.li 1.17 L 18 1. ~0 1. 18 1. IS 1. 20 1.181 1.18 L 2:? l.lfi l?umhh' goods cstahlblm_wnts ______

>'hipmc-nto (not seas. adj.), totalt. __ _ 3n. s.q , 33. 3118 31. G03 31. ~23 34. 718 3.1. Of/0 3:). 4.'Jn : 35. oo:: 3t1, 5'27 32. 744 33. iii! 31i. 028 3o. 8~1 377 :H. 352

1 )llrs, tot~d ·:( ______do_ l:'i. ,;3:_? !7.H4 1\1. c!H9 lS. \l:JO 17. );:J~ 1s. 173 1x. ;-na lS. fiS3 17. 014 lti. ~so 1~. :?i~ 19.180 18. c~;,~ 11. m~1 ~ton<', elay, ancl glass products ____ ·---- .do __ ~ !1 j) fHil ~4-o 7:..?4 i~Hl _,(,~!) g;,~ 1. O:.?H UH9 !.ll:l.l 1. 042 1. 089 r \)!i() RO;\ Prim·try nwb Is ______do_ :..?.ti;JX :?, ~3.) :!. 4!15 :2,(;t)}) 2. 919 3.01i9 3.1(1;' 3. 331< 2, 7'.27 2. 7fi5 :..?. /XS 2. H:?X .. 2, 8.")2 2, 73.!) i\!:1-.:t fnrn:wes, sfl'elmills ______do_ ] . 4-t;'. 1,.):?:? 1. ~fiX 1. 413 1. fi4i 1. ti;,1 1. iHi 1. Ul5 1. 543 1. ,154 1. 4~1 1. 484 T 1. 4\j~ 1. 3\1\l ht!Jricah•d nld:ll products ______.do 1. ~3~ 1. \.0? 1. 67() 1. !i3G L i5U 1. i(il 1.\JOfl 1. 944 1. 785 1. !190 1. 9x0 }. 054 ! '1. 8~1 1. 80.5

.\L1vhirwry, except electricaL ______.do_ 2. 14:.? ~ -:. 3nn :2, ~99 2.l!i3 ~. 504 2. G31 2, tlSR 2. 60.) 2, 742 2. 301 2, 3~!:2 2. 595 2. 544 i r 2, -1';"0 2. ,)44 --- ElPctrienlnl:Jchhwry ______~4 1 5f\9 j):2.5 ()!(} T ()IO H12 -- --- ::\"ondur:thlr goods industries, totalQ ______do - 1 1 fo, ~~;~:~ i lti, 1:.?4 1ii.ll4 15. :!93 1!1. 881i In. s~i 16. 733 111. 31H I l!i. g~g 1.1. i30 !H. SS1 11. 7.10 17. n41 r }I), 920 1G. 433 Fo4 .s. 910 ---- Toh:1cco produets______do_ -- :r;·.l) 3():! 344 359 3()1 30.~ 412 401 390 409 385 3H3 '3U4 393 -- T1~xtile mill products ______do_ 1.11\7 l. ~·i3 1.1S2 1.158 1. 383 1. 391 1. 370 1. 318 1. 452 1. 21)] 1, 4:27 1. 515 1.501 r l. -i.J{) 1.329 -- P.qwr nnd nllird products ______do_ 1.:..?:3.'-1 1. 311 1. :!34 1. 270 1, 37:2 1. 3t\9 1. 3.\li 1. 315 1. 3SR 1.2.54 1. 3t)(< 1. 4.13 1. 427 I' 1. 3.09 1.280 Clli.'mkab and nllkcl proO 37H 401 3i5 :3~4 393 37-;' 384 r 37\.J .J03 ~:~~~i~~~l!jfJ~~i~;;i~c-t~~--~~=====~======~i~~-- ~- ~~-=~ -=~===- 1. 2sl 1. :?HU I. 33.1 1. 374 1. 3,,<) 1. 3i2 1. 3i9 1. 40.1 1. 31i4 1. 401 I. 3fi3 '1. 400 1. 43:l Paper and allit1d products______d0 1. a3v 1. 334 1. 33ti 1. 333 1. 330 1.34i 1.3~8 I. 3i9 1. 3~3 1. 395 1. 373 r 1.31\\l 1. 3\l.S Cih'lllicaband allied produets ______do. __ --- -· -~--- :.!, 44() 2. 45/i 2. 5:34 2. 573 2.003 2, 5i9 2. 51.5 2. till 2 ..1:29 2, 57k 2. 5i(j r 2, ,17H 2, t\57 Pl'troh•mn nnd co~1l products ______do .. --:------1. 374 1. 3~6 1.4.14 I. 439 1. 453 1. 480 1, 4i\2 1, 4H:2 1, 477 1. 4.sl 1. 4:..?8 T L 409 1. 4fi2 H.uhheranll plasticsproducts ______do ____ J------:-----· 11:! 728 757 ii3 788 748 752 793 737 772 i941 '781 833 -- --- By m:trkPt catr.!:wry: l llonH' goods and apparel______do ____ i ~ 3. 0"\3 3. 240 3,309 3,308 3, 324 3.43fl 3, 47S 3,40i 3, 28i ~- 2!1~ :l. 421 CotHUiilt'l' stapks ______do __ --1 -: fi, 7B2 ~ ~: gi~~ 7, IJ4S i, 108 7,145 7. 1\)5 ~:m 7, 14f) 7, HlS 7, 258 7, 2i8 ,,,),), ~- ~~~ I ; ~-1~i 7, /28 l<:qnipnwnt aud ddenst' prod., t>xd. auto_do ____ l ~ 3, Slfi 2 .t, Hii 4. 112 4, 05.5 4,114 4. 0\14 4. 20!! 4, HiS 4,W7 4. 381 4.351 4. 314 4, 376 r 4, 28fi 4. 31\4 .\!l(OiliOtiV<' <'qllipBJ(')lL ______!lo ____ 1 ! ~. 541) 23,1-W 3. 24-S 3, 39i 3. 49i 3, .~27 3, 5~3 3. 520 3. 0211 3. 738 :J, 40(i 3 . .073 3. 797 r a. n:3.1 3. ')()() ~ 2. ;:-o 2, 5.)5 2, tlH2 2, 824 2. i~1 2. i22 2. 748 2. ~il 2,844 2, 7!.'13 2, 7[12 :2, ~133 r 2, no7 2, 7UR ~ ~ ~)t~t~l~\~~~~tl~~~~Ll\~'~~\\':1~!.-~l ~;'~1~~~~~~~~~~(_~~--- ~ ~ ~ =: t;= =~ ~ 12! 1~: ~;~~ !2, 932 12. 745 12, H81 13, 22f\ 13.3~3 13 •.liS 13.818 13. 738 14.013 13,621 13.48.1 13. Gl3 '13. 112-S 13.\148 ~trppkm('nfary market c~ttt~g:oril's: \ Cnn~unwr dnrahh's ______tb ____ i ~ 1, 2_ t2 II'_) 1, 331) 1.3:J3 1, 359 I, 3~9 1,362 1.3fi0 1. 385 1. 414 !, 417 1, 4lfj I, 3~2 1.308 r 1,3,1)11 I. 420 I >dt·n~t' JH'Otlncts ______dn ____ 2 L \,:30 ~ 2, O!H 2, no~ 2, 020 2,(X\7 1. 902 2. 021 2, 029 2. 034 2, 1i9 2,:153 2. 133 ~. 167 r 2. 13:? 2. 13\J -- --- 2 .\Lld~ilWry and <'ftUipnwnt ______d'l __ --/ 2, -~1-' ! :! 3, 0\J5 3, 043 3, Oil 3, 115 3,130 3, !GO 3,184 3, 21.5 3. 292 3, 252 3, 272 3, 293 r 3, 2~~8 3.318 In\·t•ntorl('S. end ofyr:1r or month:t I ! Hoi)k Y:thw (unadjnc;tPd), totaL ______dn_ '·t)-t 7/f) l:l,)7.~19 5i. 419 .)i. 970 -18.366 .58. 432 .08 . .56.5 58.939 5S. gg~ 58,568 58. 681 58. 837 59, 0:26 r fll, 41fl !l9, GO/ Pun1 hlc good.s industries, total_ __ - ______.do_ I 3:.?, :?31 33. ~91 33. ~!!1 34.292 34. (i9!i 34.8\19 ;;.o.Ioi 35.441 35. 4X3 3-1.187 3.5. 301 35. 3i0 35, 300 r 35. 3;)~1 35. 47 4 ::\ondurablc ;;roods industries, total______do__ 2:?. 545 i :23, 5:2S 23 . .528 23. 678 23, G70 23.533 23, 458 23.498 23. 514 23.381 23,380 23. 46i ~3. 726 T 2-L OS!i 24,133 BO':Ik vHlur (seasonally adjust<~(l), total_ ____ do _i3 55. 0~7 !3 57. /.)3 .o7. 753 57,883 58.021 58. 126 58. 309 58, 50i .)8. 70ti 58,884 58.917 59.087 .59, 3:2:? r 5H. 780 li0,008 By indw-try group: I l)urd on datcl not :st',\~otully adjusted. J Total of industry reporting, expansion of industry groups published, and revision ofsensonal factors and compon(•nt.s are end-of-year data. t See noh' markNl ••t·· on p. S-4 of_:-..; oY. 1963 SPR\'EV. In addition, data hy market groupings are prcscntt•d for tlw first tinH'. l\1ta for shipiW'nts § St't' note marked "t" 011 p. S-4. cf Spp t·orn'spondinll noh' on p. S-4. and tww orders not seasonally adjusted are adjusted for trading day Yariation. }{('Yisions *);t•w st'riPs. Ser sirnilnr notr on p. S-5 of ::\ov. 1903 SeR,·Ev. tH<'VisPd sPrit's. Effec- lmck to Hl47 a ad a detailed description of the current reYision appear in tlw Ci'nsus nurPau tive with the Dec. 1963 Sl'R\"EY, data rcnPet thP follow in~ major c-hangps: Introduetion of the publh'ation, "~1annfacturers' Shipments, Inn~ntories, and Orders: 1947-tl3 Rcviscw twnchm:1rk, n~vision of sampk design, refirwment ;;>Includes data for items not shown separately. S-6 SURVEY OF CCRHE~T BU~IXES:3

------===~==~======19 1 2 1 1-J~I~:-~~:~nvis~-==~ed, stat;stics ;hrou;~~~~r.Ji~- 9fi I ----.-----,· -----.----,----- 9li:J and descriptive note~ are shown in the 1963 Ell

MANITFACTURERS'SALES,INVENTORIES, AND ORDERS-Continued

Inv(·ntoril's, l'Ihl of yt•ar or month-Continnedt Hook v:lltH~ (St'asonaHy ndjuste·d )-C'ontinu('(l By industry group-Continlwd Dnrahle goods indnstriPs-Cmltinm·tl By stage of fabrication: Materials and snpplic•s y ______mil.$ __ 10.234 10.571 10. 571 10 ..5~1 10 ..s:,sl 10. G4<1 10. !i7\l 10. 7(Jti 10. o!O 10.\181 !fl. 917 10.878 '10. 880 111. xr,~ Primary metals ______,lo ___ _ 2. 372 2.333 2.:J33 ~~: ~~; I 2.303 2. 27\' 2. :.?47 :2,:220 ') ''I') ~.IHS :!. :20~{ 2.:23:2 :2,251 r :2,200 2, ~30 l\Iachin(•ry (rl('C .~uul nonP1t•r.) ___ tlo ___ _ 2. 724 2. P68 2. Ufi8 2. \1-S2 ! :.?. 959 2. \l[l5 2. 978 :2.mm a: o::~ . a. os:J 3. 0&~1 3. 001 2.9M r :2,992 2, 9S9 Transportation C'qnipment______(lo ___ _ 1. 6R4 1. 7F2 1. 782 1. 784 1 1. 826 1. Stii 1. tl22 1. 902 J.li4:l 1. 873 I. ~;!H) 2. 012 I. UH9 r 1. 960 1. 9lill Work in process 9------______do ___ _ 13.22.1 14, 129 14.129 14.17:3 ' 14.1.56 14. ~l:l 14. :H\1 14.602 14. G:.?H . 14.740 14. 5111 14. 579 14.639 '14. 048 14. 84R Primary mrtlls. ______do ___ _ 1. 864 1, 816 I. 816 1. 818 1 1. 80\1 1. 834 1. 863 l.ii73 1.877 : 1. R08 I. 818 1. 852 1. 84.1 1. 88~ 1. 891) l\lnrhinrry (rlrc. and nonl'lcc.) ___ do ___ _ 4. 544 .1. O:l4 5.034 5, 107 I .1. L~i 5. 13i ii.l6\l 5. 20G fl. IH~1 ' ;), 2:5:! 5. 2:23 5.172 5. 288 r 5. 260 5. 231 Transportation equipnwnt ______(lo ___ _ 3. R20 4,142 4.142 4. osr, I 4.050 4.106 4. 154 4.;J\11 4.42:2 4. 56G 1. 4!4 4.468 4.386 '4. 3G3 4. 4.~:--. I ~oods <;> ______do ___ _ Finished \1.5n ~. 593 v. G5o 1 9. 6x7 I 9. 752 tl. /58 \1.805 LS4i ~·. 852 H. U49 ](). 040 10. 0G4 '10. 17A 10, 2S:2 Primary nwtals ______do ___ _ n.ossl1. 73fi 1' 721 I, 721 1. 724 I 1. 724 I 1. i21 1. 7H3 1. ia4 1. 749 · 1. 7/~) l. i 42 1. 76.1 1. 765 ' 1. i65 1. /11:2 MnchiJwry (Pier. and nonelcc.) ___ do ___ _ 3. 154 3. 3R! 3. 381 3.3\18 :l. 4:lo :l. 444 :;. 4Gt\ 3.4~1~ a. .SIO 3 ..512 :3..)7 .5 3. 587 3. Gill '3.1i53 3. 7114 Transportation N!Uipnwnt ______do ___ _ 74:) 824 824 s2n 1 F:21 82:l S:J3 ~::w R47 StlJ I >HHl 898 R81 '897 911 Nowlurahlr g-oods inrlu:::tries, tota19 ___ do ___ _ 22.441 ~:3. 427 2a. 42i 23.4\131 2:{. 5:?;, 23. 533 23, 52:! :23. 54:"J i 2:1. Pi.'iO :?:3. ,:-,;3S . ~3. 410 23.551 23,741 r24. Oi6 ~4. o:-o Food and kindr('d prodncts ______do ___ _ 5. ~81 6. 080 6.01<0 6.0:20 A. 02\• ;). \!Ri 5. ~t\1 5.11.1:2 ' fLfWO : .). i.!l7 5. 97~1 6. 057 'G.060 6. 034 2, 401 2. 3!11 Tobacco products ___ ------______do ___ _ ::!, 301 ~: ~t~ i 2. 4;)1 2. 4:l7 :2. 42S ~- 404 2. :5~\1 :?. :-a1:2 1 ::.341 2.339 2. 317 r 2. 345 ~- 3:lfl Tcxtil<' mill prorlucts ______clo _____ 2, 4:)3 2, 608 2. ()24 I 2. 608 2. 6:20 :.?. 027 ~- u47 :2. (iG7 ' :2. 6{il :.!. tH 0 1 2.(:iS9 2, GGS 2.800 r 2, 89.5 '2. 904 Paper and allier! products ______do ___ _ 1.633 1.6R8 1. i(l1 1. 688 1. 68(\ 1 I. 6S!I l. G!•i" 1. 6\18 1. 711 1. 725 i 1. 728 I, 743 1. 7fl7 r 1. 7i~ 1. 794 Chemicals mHl a1Jicd prorlnets _____ ,lo ___ _ 3, 4:l8 3. 600 3.600 ~- 6:Jo :3. 1):?5 3. 630 3. 621 3. tl48 :3.1367 3. 6\!4 : 3. ~18 3. 722 3. 734 3. 7f>9 3. 7\14 Pctrolc>um anrl coal pros, total______do ____ 15.3V7 16.0~2 14.924 15. 37i 16. 873 Hi. 872 16.837 16.444 HL 9t\() 15.740 16. 1'33 1;, 715 17, 7lt\ r 17,034 !G. 359 ::\r"· orders, nrt (seas. adj.). totalL ______do ____ 3 :H,061 '33, 167 33. :J55 34. 742 34.636 35.364 35. 752 3.0. 4:J~ 34. 4~.1 35. :W7 :)4.1130 34, f!Ul 35. 3.\4 I' 34. 953 3!5. 27:2 By ins ______do ___ _ ~:L 177 3.199l'3.13o 3. 433 (), /X2 7, 00() 7. or.o 7. 118 7. H2 7. 1ri2 i,J.t\1 i. }4;) 7. 17-! 7. 21;:; j 7. 277 7. 334 7.29R I '7.371 7. 739 Equip. a.nfl df'ff•l1sf' prod., r•x(·l. auto _" ___ do ___ _ 3, if-\7 ·1, 1!15 4, (ii)3 4. 92\1 4, 2.1/ 4. 712 4.3111 -t. [i()~~ ._t, 304 1 -t. ;)\12 4, 424 4. Ofm I r 4. 2S9 -'\ utomotivr equipnwn t ______do ___ _ 4. 20-1 I 3. 914 2, .~77 3,11\2 3,332 3. 421 3 ..\1.;7 3.1itH 3. 587 3. 481 3. 4;;:..7 a.fl-Hi 3. 4>'4 3. 553 3. Sill) I '3. f\11 3. 473 Construction mntl'rials and :;;upplir•s _____ do ___ _ 2, f)()(i 2. 7fl7 2, fl02 2. fii2 2. su.~ 2. (if\7 2, /:-<;3 2. iH;~, 2. 82, . 2. tllO 2.1J17 2, 712 2. ox; OtlH•r matt'rials m1d supplh•s ______do ____ 2. 93t\ Ir ') 8.07 12, 1()2 12.80\1 12. 5U2 13. 22() 1;;. 4fi2 13, so~ 14.433 U.tl!)2 13. 23fl ; 13. <13~ 13. 0~\i 13, 791 14.044 '13: 739 14. fl2f· Supplenwntary markPt ca.tegorks: I1 c_on.sllllH'r durahks ______do____ 1. 2!iS 1. :l2.\ 1.337 1.-lll:J 1. ~-HI9 1. 37S 1. 4U2 1. 43;\ 1. -13-l I. 41<\ 1. 4:2(i 1, 312 J)pf('11S<' lH"OS 1. 3,19 l\hcl1inery an<1 pqniprnr•nt ______do____ 2,S.~4 3, OHO 3. (l(jfi 3. 2()(i 3. 2.1~ 3.:217 3. 3.11 3. 4](; 3. 2\12 :J. 334 3. 307 3, 41.1 3. 441 I , 3, 273 3. 51'' (~nfilh•_d ord~rs, Pnd of yeor or month \st•nson:tllr , ! :td]tiStPd!, totalt ______nnl. ;.; __ 48 ..143 40. 7~4 4(i. 7S4 48.424 4!1. 3.\:l ::.o. :.?4fi 4~l. ~)82 50. 1411 !, .so. 132 By in1iustry group: 1, i ])un~hk goods inrltutries. tnt.al? ______do ____ l"i:{ 44.0\14 -1:). o:~t 4.~. l45. 44.11\>4 73() ! 4t\. G:-..1 47 ..l:~o 1 47.81\4 47. :2S;) 4H. 14i""l 4ti.(W;"") 47' 010 47. 11'19 ··,.47. 07H 4f\ .~;.;:~ rrnnnry ml'tnb ______do ____ _5.1~9 a. 7tH :·L iOl :{./tiS 4. O~JC I 4. ;~.I.,J .1. 1:.?6 l 5. OH\l 4. ;:)/ 4. 2:2(1 :~L 1 I'll:! 3. R22 3. ><.s!J 1, 3. 93o 3. 9:\(1 BLtst furtldrir:tl IH-:l.\ 1. ~l).f 1. Uo3 1. ~121\ l. ~~::>1 1. :;[).~ 1, ~l<'i7 1, 9;..;\1 Equip. and ddens(• prnd., incl. nuto _____ dn ____ : 1.\177 i '1. 94.1 : 1. rr7j 24.513 2+, 71:1 24.713 2.~. jfi~ 2ti, :lH7 2fi ...wt :?11. t.03 21i. 2lr­ 2n. o;t, 2H. ~:...t 2fi, 0114 :W.4S:J ''2fi. 0tt2 [ 21\ ()S4 Con::;tnwt ion mat('rhds rodnt..:t:-=. __ . ------____ tlo ___ _ 18, 2f11, 18,148 1~. us 18. \I:Jil 1 ~I. 11\1 1!1, !i30 11'. 441 111. ,')!J7 l!J. 41\J 1!1, 3-17 10. :{1/fl 1tl. J\lachinery ::tnd C'lgliprnent ______do ___ _ ~~(i t9.1i:2.J 1· tn. 4:.?9 1'. (;3,1 D. S43 9. 828 9, 828 9, gr,:; Ill. 00~ lll.lii:J !II, :J04 10. 4k8 10. ··1.><2 10. -~-HI i 10. 050 10. 7.14 111.931 i' ](1, 928 11. 11l7 r Hrvised. 1 ::\Ionthly U\"(•rngr. 2 Ad\"ll11('(' PStirnate. 3 J\Ionthly ~lVt•ragp;;: for nnd printimt nnd puhli.-:hin;z indn ..... trh-:< anfillPd orclrr:; fol' other nondurable £:ood-=- indu:--tri~·~ total and component"' dnC'l. markPt categories) ar(' h~1~ed on new ord(·r~ not ~rasonnlly ad- <.11\' zt•ro. ~For thrsP indu..;tri~·~ !food nnd kindn·d products, tobacco product::-:. ;1pp;·1n·l justed. tSee rorrPspon.ding now on p. S-5. ¥ Inelwks dat:t for il<'lllS not shO\YIJ S('{Jarn- ~twl n'l:ltt.·d produet:-:,_~'t'troleum

19G4 lTnless otherwise stated, statistics through and descriptive notes are shown in the edition of BUSINESS STATISTICS Jan.

GENERAL BUSINESS INDICATORS-Continued

BUSINESS INCORPORATIONSci" II i ' New incorporations (50 States): I Unadjusted_ -.------number.. 1.5. I2H 15, 171 13.925 17. 348114,012 Hl,2.19 Jr.,294 16.812 15,016115. 8931lii, 197 13. i53 16. 741 1112. 904ll!i, 3'13 Seasonally adjusted _____ ------_____ do ______~------14,767 14, 457 15, 398 15,2.17 15, 756 ],\, 57.5 16, 510 1.1. G41 !fl. :123 '''· 604 1.1. 512115.35.1 [ln. 201 I INDUSTRIAL AND COMMERCIAL ' I FAILURESci" I I i Failures, totaL ______numher.. 1.423 1,315 1.101 304 ' 303 1, 258 1, 1, 295 I, 21'7 I. 1. 211 1. 15f> 1, 13.1 1. 051 1,262 1.1151 Commercial service. ______do ___ _ 123 112 100 113 112 126 116 Ill 120 101 108 113 133 129 ~JI Construction ______-- ______.do.--- 229 225 219 183 228 221 212 217 158 180 210 189 207 HIS 19S l'v!annfacturlng and mlning ______do ___ _ 23.1 215 181 r 224 Hctail tracle ______do ___ _ 244 199 189 241 205 173 187 157 217 186 170 691 629 497 582 629 59!i 620 59.\ 59! 590 522 467 578 479 433 Wholesale trade ______do ___ _ 144 134 104 136 136 129 150 139 13G 111 108 115 127 123 100

Llohllltles (current), totaL ______thous. $ .. 90,844 101.133 81,275 100.963 94.715 •97, 702 100.755 118.274 86, 151 120, 509 65.~33 85.918 91. 834 262, 112 fi8, 427 6,694 7, 831 8, 78.1 6, 9.17 4, 960 ConstructlonCommercial service.______------do do _____ -_ _ 7. 738 7, 198 14, .502 9. 5.1917. fil4 5,304 fl. 579 10,758 4,171 3, 764 Hi, 084 20,295 18. 744 31,113 22, 530 19,017 14, 4:>4 19,828 11,925 31.3.10 E3U4 21. 522 12, 9Sl 20,325 13,935 J\Tanufactnring and mining ______do ___ _ 27,107 33,333 20,671 511.054 26,971 r32, 107 32,286 33, 496 30.. \52 45. 955 18.748 2~.149 32, 777 197,942 22.662 He tall trade ______- __ --_---_---_do_--- 27.754 29,143 22, 744 Wholesale trade ______do ___ _ 29. 552 26.098 2C. 148 28, 847 39,291 20, 597 I 2(i. 4G3 19,341 15. 644 23.fi03 26,832 Hi,R49 13.205 10.531 10.331 35.506 11,918 13,473 20,228 11,157 13,418 ' 9. 127 9. 446 14.024 11.715 12,842 11,217 Failure annual rate (seasonally adjusted) [ I No. per 10,000 concern>__ 1 64. 4 I 60.8 56.0 55. 2 1 Go. 1 54.4 54.2 56.4 57. r: ! 57.1 .14. 5 !i9. 4 .19. 6 i)!i.1 ill. 2

COMl\lODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS I Prices received, all farm products ______l910-14= 100 __ 240 243 243 245 I 24::? 240 242 240 241 24,1 242 ~41 241 241 Crops ______------_____ ---- ___ -- ______do ___ _ 227 230 224 230 231 238 244 246 244 , 239 234 '23'2 234 241 241 24:l Commercial ve~etables. ______do ___ _ 219 244 238 276 252 237 24:J 242 244 I 266 204 189 201 255 241 2til Cotton ______------___ ---- __ do_--_ 261 270 261 254 251 270 Feed grains and hay ______cto ___ _ 278 275 277 I 269 2il 276 278 274 264 2.54 !51 153 153 !57 161 161 161 162 1G8 Jf,2 Food grains ______do __ __ Hi91 168 171 158 1G4 Hifi 209 226 231 231 234 234 239 233 215 205 20n 213 223 224 221i 230 Fruit_------______-----______.do___ _ 247 220 199 317 . Oil-bearing crops. ______do ___ _ 216 227 268 308 327 278 270 260 275 294 309 30fi 2.\7 248 247 251 258 258 254 258 2;)8 Potatoes (Incl. dry edible beans) ______do ___ _ 256 255 253 21>4 ~71 2G5 2()8 157 156 147 !50 155 151 140 106 !53 182 207 163 140 144 144 1.10 Tobacco .. _------_------do.--- .126 530 505 488 501 501 501 500 .500 499 494 498 496 483 488 48!) LIYestock and products ______do ___ _ 251 255 259 257 251 242 240 235 239 249 249 249 247 242 234 242 260 2.53 263 259 256 249 240 234 232 2:39 249 2()0 268 271 2fi8 2ti.l ~~~~~i i'ri'I~~~l~~~~======:::::::~~:::: 299 310 309 308 294 281 288 286 294 309 303 293 286 '27'2 2.19 274 146 145 153 152 157 155 144 134 133 137 HI 148 14fi l!iO 144 154 ~?~~{ry -~~~-~~~:~~=:::: ::::::::::::::: :::~~:::: 232 251 249 255 264 274 279 272 272 271 2G4 2.18 258 262 2Hfi 274 Prices paid: AI! commodities and services_-- ______do ___ . 27G 280 282 284 284 283 283 283 283 284 283 283 282 282 2R2 283 Family living ltems ______do ___ _ 291 1 2\14 296 297 298 297 297 297 298 299 298 297 297 298 '298 2!18 Production Items_------.do ___ _ 2fiG 270 273 274 274 274 273 273 273 2/:l '273 272 271 T 270 :a All connnodities and services, interest, taxes, and 2721 a wage rates (parity lndex)t ______J910-14=10G .. 302 309 '312 '312 '311 '312 311 311 '313 '.112 311 311 311 '311 :na Parity ratio U------.. do. 2 r ';"\) 2 79 7H 7H 78 77 n) 77 77 77 CONSUMER PRICES ! '" (U.S. Department of Labor Indexes)

1 105.8 All Items ------1957-59=100 __ 105. 4 106.0 106. I lOU. 2 106.2 lOii. 2 106.6 I 107.1 107. I 107.1 }f)/. 2 107.4 3 107. f) 8IJCcial group indexes: All Items less foofl ______do ____ l1 104. 8 106.1 106. 7 106. 5 106.6 JOG. 8 107. 0 107.0 107.3 107.5 107. () 107.8 ]()~.1 I 108. 4 All Items less shelter_------.do .. -- 104. 2 105.4 !OJ. 8 105. v 106. I 106. 1 lOG.! JOG.! lOG. G 107.1 107.2 107.1 ]07. 4 1 w •. " I All commodities_ ------do ____ , 10~. 4 103.2 103.6 103.6 103. 8 103. 7 103.6 103. (i )114. (i Nondurables ___ ------______do ___ -1 104.1 104.7 104. i 104.8 lOii. 0 Ill~. R 103.6 104.0 104.3 104. 5 104. 4 104. 2 104.2 104.8 105.5 105.5 1115.3 111.5. 4 100.\i ]1)!). 5 101.5 101.7 l::.; ~ I 100.4 100. 6 100. s 100.9 101.0 101.3 101.3 101.4 IOl.fi 102. 2 102. ;) 102.2 107.6 109.5 110. 1 110.5 110. 5 110. 8 Ill. I 111.1 111.3 111.5 111.7 111.9 1 112. I 11~. 3 112. ii ln~. :_;;; 103.2 103. (I 103.0 103.3 103. tl 103.8 103. 7 103.9 103.9 104.0 104. s 1 105.4 105. f) 105. 5 i~,~;~:~;~::~:-;~~;~~~~;; ;;~~;;;;I 111~. 6 103.6 103. 5 104.7 lO;i. 0 104. 6 ;; ;;;;;;; ;;;;;; ;; ; 104.3 104. 2 JO.\. 0 100.2 lOti. 0 105.4 104. \) 111.1.1 105.4 Dairy products ______do ____ i 101. R 104.1 103.9 103. H Fruits nnd vegctahles ______do ____ 1m. n 10:1 ..1 102. 9 102.8 102.8 lOLl 10-l. 2 1(!4. 3 104. (i 104.8 )(\i),i) i 104.2 105.0 100.2 lOG. 4 1<)9. 4 109. (i 112. 0 l\1 t'nts, poultry, and fish ______do ___ - J 13. \! 115. I) 118.7 114.2 ll\8. 1 lOG. 3 108. ~ 10~1. 8 1 90.3 101. 7 102.5 102.5 102. 1 100.7 98.3 H8. 0 98.1 100.2 101.4 !IJ1.5 100.4 99.7 '.JH.2

Jll~l. g 104. 8 105. 2 105.4 10:\.4 105. 7 10.5. 8 IOi). i 105. 9 !06. 0 lOG. 0 !Ofi. 2 liJti.:J lOti. f) Hili.\! 107. \) 107. () ](18. 1 !08.2 108.0 lOS.O 107. 5 107.4 108.1 10,.1 107.:? 108. (I 108. I )()~. 0 !0,;. 1 I r nH. t~ U~. 9 fJ8, (j \)7. 9 (i :l~~:r~r:,~~f~fr~~Iy:~==Bent______======----- :::::::::::: ______:ll~::::!-do_-- -1 98. 3 OS. 98. 5 !IS. 4 98.5 98.5 as. a VS.G HS. 7 t1S. 8 101. 4 105. 7 106. 2 106.3 lOti. 4 101;. 4 106. ,\ lOfi. (; lOG. 7 lOti .7 lOG. R 107. (I 107. 1 107.2 107.'''· :l8 111. :) 114.2 IJ.o. :J 115. 5 115. 6 115. 8 llf>. 1 llli. 4 116. 8 lHl.D 117. I 117. 2 117. -1 117. ,) 11/. ,j 11i-l. 6 106.5 107. (\ 107. 4 107.3 107.3 107. G ~~-~~~~~~~~~~~~---~~======~~====IH<'ading :tTHl rccrealion_. ______do ____ ! 107. s 107. 8 IUS .0 lOB. 0 1118.2 108.4 lOS. 4 108.8 101. '1. 10~1. 6 110.0 110. ~ 110.0 110. 1 111.0 110.7 110.9 111.5 112.1 112. 3 112.7 112." ' u:;. 1

lOC>. 0 107. 2 !ORO Hlfi. (\ 106. s I 101. o 107. (J 107. 4 107.4 ! lOi .b 108.3 107.9 109.0 1119.1 lOs. \1 :: 104. () 105 lOG. 8 105. 3 JO;j, 6 Tl~t;;~!~7~t~t:~~~'-- -~ ::::::~ ~~~: ~ ~ ~ ~~= ::: ~ ~ ~~ :~l~: ~ ~ a lO'i. 3 1115.:; lOii. 0 Hlf}.l 101\.4 lOti. 9 lOG. 5 107. I I !07. 8 10/ . .) Public .. ------______do ____ l 11.,, 7 111.7 11.1. 4 115. 7 1Hi.31 1111.4 llti. 5 llfi.. :'j Ill;. (j I lltUi 117. 1 11i. I 117. 117. fj ' Other ~oods and services ______do ____ , c ! li.'i.:l ](14.6 105.3 100. (i 105. 7 105. 7 10.5. 7 1115.8 10\i. 0 107. (i : !Uti .0 • 108.0 lOS. 0 lOS. 2 : IUS.:{ 108.3 r Hcvi,:.;cd. 0' D:1ta an' from Dun & nrad~·trt'eC lne. tH.l'vis~'(i (seattcn·d rt'\·i-..inJL-.. fH'J.dnninl! t Bn;;c'd on nnadjnsh'd dntn. 2 Annunl clnta for 1\ltH-G:3 for pnrity ratio ndjustrd for 1952) to n'fkct intcn'.-:t ~uul t:lx n-d~ion.s. Hevbiou:-: not slwv.. n lH'f'' urt- :n·ailnt,lt• upon govPrnmt'nt payrnrnts mndt' din'etly to farmers nrc n~ follows (mnt us abon'): 83; 83; 81. f('QlWSt. Dt':~eriptivt' JnaV'rhJ and annnul data haek to 1V::33 ::::.mwar in tht> Dc'pt. of Agrkulture puhiil'n- ~Ratio of prices received to prices pr;id (including Interest, taxes. 'md wage rates.) tkn, "Agricultural Price~, .. .January l~!ti4. 3 Indl'x ha.-:l'd on lHlT-4~1=100 is 13:2.0. Q Includes

1961 1 1962 • 19621 1963 1964 Unless otherwise stated, statistics through 1962 II and deseriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS a\~erage Dec. Jan. I Feb. I Mar. I Apr. I i\Iay I June July I Aug. I Sept. I Oct. I ~ov. I Dec. .Tan. COMMODITY PRICES-Continued WHOLESALE PRICESci" I I (U.S. Department of Labor Indexes) I R~ot market P!i~('S, hasic commodities:" ... •t _ 1 ! I 22 Commo'.. I lOS. f) Fruits and ,·p,getahles, canned, frozf'n_-- _oo ___ _ 101.7 \!8.0 lll-l.r.. 9.). 7 11'0. n HD. ~ HH. 3 HI:.:. H i I C3. 4 lii.S. i 104.8 10.\. 3 1115. R J(H\. 4 lOf~. ~ 107.:!. :\!eats, poultry, and fish ______do ___ _ 9i\. ·1 HH. 1 \19. 4 97. \J \)5. () nJ. 8 Ill). :J 1 01. g H4 .1 90.3 gr•. 2 ~ \14.2 93. v1. 1 1 ..... 7. 7 m.s (' 1)1ll1l!Odlties other than farm products and foods i 1957-59=101)__ 1110.8 !00. 8 l lOll. 5 100.7 1110. 7 100.6 100.6 100, 4 i 1110.7 !C)IJ.8 100.8 100. 7 100.9 100.\1 1111.- 1111.3

rhemicals and allied products<;? ______do____ 99.1 07 ..s ~l(i. \JtL 4 9!1.3 !Jii. 8 Ufl. 9 OG. 7 8 Hf). 0 96. (l ~lfi. 0 !JG. :2 96.3 YH. ~ \h.3 Chemicals, indtl,triaL ______do____ 98.4 Hil. 3 g,;, 2 U5. 0 ! \).1.0 u.1. n tl(), 0 ~l.l. 4 ~H. 7 91.6 ~4. 5 il4. 2 ~H. 2 94.3 94. 2 Orngs and pharrnacenticals ______do ____ , 98.3 !Jfi.O il.l. :! 05.2 (14_ 8 H5. 2 U.l. 1 tJ!5. 2 9.5. 1 91i. 0 94.9 94.9 \!5. {) r H5. 0 95. 4 Fats and oils, lnedihlc ______do ____ ; 87.5 ;n. a 72. 7 ~~- n '.() Ji 72.8 71. 7 74. 5 I bl. 4 81.7 >il. 3 s~ . .o (!0. 2 r ~.1. (! ii3.1 104. 3 101.9 Fertilizer materials ______------____ do ____ l ~J9. 6 1110.8 102.3 Jl\2. 3 10:2.:1! 100 .S ~~~~. 8 96. g \)7. 1 PrPpared paiut ______.______do____ 103.5 103. 8 97. 2 ~--IR. 4 \)('.. 4 99,4 JO:l.' ID3. 8 103. 8 103. i 1!'3. 0! 103.0 1113. (l 103. g W:l, 9 103. () 105. 1 ]W,.3 11!5, 3 Fnel and rebted prod., and powerQ _____ do __ _J 100.7 lllO. 2 lOU. i 100. ~ 1110.4 lUI!. 3 100. b 11111.9 1110. 4 98. g nu. o !JH. 8 97.9 \l9, 3 Y9. 5 roal ______------______do ____ , 97. 7 \lO.r; \14. \J4 .\) 08.3 ~i~.;) \18.1 \!~. 1 2: 95.0 90.2 97.2 97. i n~. ~)~. 5 l~lertrlr power ______.Tan. 1958=100__ 102.4 a Vi-..;) 1 102.' 102.7 Ill:!. 5 102.5 Ill2. 4 102.2 1 102 .:? 1!12. II Jill. g Gas fncls ______do ____ i 'll8.G 11\J. 2 101.8 !Ill. 4 !Ill. :1 1111.:; ill!.;; 12:1. 1 1211. s 127. g 127.8 1 1211.3 1a2 120.9 121. i DS. 2 1~~- 0 1:!2. 3 ri:!i.;>o. lc4. H Petroleum products, rctincd ____ l957-59=100 __ ! 99.3 98.6 \lS 2 fJ7. 1 vs. 2 ~~:I I \.1\J.H 98. 7 96. I Hi). U I 95. () 93. s ~If\. 1 91i. G 99.5 \<8. ~ !J~. 0 furniture, other household dnrahlcs<;? ___ do ___ _ 98.4 9!--L3 98.2 us. :2 !1&. I 98.1 98.(1 98. I H".l H~. 1 98. 1 Applianees, household ______do ___ _ H-±.o !):2.0 9.'<, 0 9''.3 95.2 93.0 H2. 3 92.3 D:2. 3 92. 1 m.u Dl. 7 91.7 \lJ. 4 Hl. :2 !)1.:2 9!.1 Furnl ture, household .. ______do ____ , JO:J. 8 4 \H.1 102. 8 104. 2 1114 ..o 104. f, 1114. fi lOJ, 4 104. 10-1.5 Ill-!. 0 1114.6 104. 8 l04. 8 ll14. s 104.9 ~;;_ () lll-t I Hadio receiwrs and phonographs ______do ____ ! 9\.ii ><6.1 84. f) S4. ti 34.2 I S3 .4 81. "fl ~I.,-, 'l'elevlslon receivers ______do ____ · ·'!. 5 ~4.:? 'L 9 Bl. 9 81. ·' tiL i 81.3 97.2 VJ. 2 ~l3. () \13. n L/2. 7 r:?.-;- U:!. 7 92.5 91. n 91.9 94.3 I 91.9 91.0 ill. I' !Jtl. ~) HO. 9 FiidPs, skins, and leather productsQ _____ do ___ _ JOG.~ 107.4 104. ~ 11)4 .:i Font wear ______do ___ _ 101\. g !Ill\. 0 10.1.1 1115. 1 ! ill4. ,; 1114.3 1113.1l 11!:>.1 103.4 103.5 '103.0 102.3 107.4 '10~.Ii 1C:<.. '2 ill~ ,2 108.5 JllS. 3 lOR. 3 ]118, 3 I lll.J.i. l 111~, 4 108. 4 WB. 4 lfl8. 4 lOx. 2 111!:,.2 !(1.~. 3 Hides and skins ______------<10----1 107. n JOG. 2 S.i. !I ~i. 4 R.l.l'1 !Ill. G !Jfi. 2 kS. 4 ~-:. 0 ~0. [) SO. 5 77. 3 ~0 ..1 ~2. 7 7\i. 3 7G. 1 Lrather __ ------______do __ --1 !06.0 10~ ..5 ]05.:! 111-1. 7 103. / I lfl:?. ~ lll:l. 2 !112 .5 10:?. 2 1011.1 \)(), 5 !Of<.l 9U. 5 99. 5 9H. 7 99.;) 99,5 115.9 i.Jfi. 1 ~fl. 0 u 7. ,J 9S.:l !Ill. 6 1112. r, Oi'i. R 05.9 \Iii. 5 II' 1.m. 9 99.2 ~w. 2 H\.1.1 ::: I 94.' (Iii. 5 98. 4 99.2 99.1 L'i~;;~;1~c~~~~~~~~ ~~~~~-c_t:~::::::::: :i\~:::: 95.8 95. ~I 9i!. 2 ~10. f) Pi. fl 102. I 1112. 7 1 100. 7 9\1. 3 \W.3 V9. 2 ~IU. 3 :\Iachinery and motive prod. I' ______do ____ l 102.3 102.6 10:2. c 1112.0 102.1 102.1 102. 2 102. 3 10:2 .•1 102.3 !ll2. 3 ](12. 2 102.0 II 101. 9 I 102.11 102. 5 AgricuJtnral machinPry nnd equip _____ do ____ ! 107.4 109. 5 110. v 111.0 Jill. 0 llfl." llii.R Ill. II 110. (! Jill. 9 1111.9 110. ~~ 111. 2 111. 4 • 1l \, ,, 111.11 Construction machinery und efJuip _____ do ____ 107. 5 107. 8 109.2 109 ,(i I 1 Ill'. 3 1() .....~.a lOR.;, 10>;. ....; 1119.7 llll. 0 110. 1 110. 4 ]](). 9 '111. 2 111. s Electric~] mnchinery and Nglip ______clo ____ , 100. (I \IS. 4 IllS. R I 97. 5 97.7 97.2 97.2 H7.2 Motor whiclcs ______do ___ _ V8.1 \17 8 HI. H 96. H 97.0 97.2 \17. '~ T 97.: 97. 1 100.1" 100. R 100.8 lOll. 2 9n. 8 r !.1U.::: 99.8 99.5 un. 3 !19. 9 99.9 9P. 9 U\J. S 100.8 100.8 i Hill. i ]'I 100.11 lOll. 3 lOll. !J :\1et

r H<'vised. 1 FigUrl'S art• for tlw month of June. 2 Iwlpxes base(} on 1947-49=100 d'For actual \vhok•s

1961 1 1962 19621 1963 1964 Unless otherwise stated, statistics through 19621 and descriptive notes are shown in the 1963 Monthly Jan. edition of BUSINESS STATISTICS average --;:-- Jan. I Feb. I Mar. I Apr. I May I June I July I Aug., Sept., Oct. I Nov. I Dec. CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACEt New constrnctlon (unadjusted), totalt ____ .. m!l. $.. 4, 621 4, 920 4, 780 4, 188 3, 808 4, 148 4. 609 5, 172 5, 795 5, 867 6, 050 5, 989 6, 097 '5, 758 '5, 289 4, 599

Private, total<;l ______do __ __ 3,192 3, 456 3, 438 2, 984 2, 753 2, 938 3, 324 3, 68fi 3. 966 4, 054 4, 090 4,073 4, Ill '4. 038 T 3, 773

Residential (nonfarm) <;l ______do .... 1,807 2. 014 1. 953 1, 658 I, 484 I. 646 I, 986 2. 265 2, 4R5 2, 475 2, 431 2. 39.1 2. 395 ' 2. il48 r ~. 151 I, ~13 Nr.w housing unlts ______do ___ _ l. 349 1, 55:! 1, 568 I. 328 1.161 I. 281 I. 458 I, 634 I. 825 I. 919 I. 943 I. 932 1,936 'J.g(J9 T 1, 742 1, 41lll Additions and alterations ______do.... (1) (!) (') (') (') (') (') (') (') (') (') (') (') (') (I) ('J Nonrcsl

Public, totaL ______do .. .. 1,430 1, 463 I, 342 I, 204 I, 055 I, 210 I, 285 1, 487 I, 829 I, 813 1. 960 I. 916 1. 98li 1. no r I, 5Hi 1. ilO~

N onrcsldentlal hu!ld!ngs..•. ------.do ... . 431 426 387 396 il62 416 44.) 457 518 482 495 510 525 4ti~ r 4ti() 45ti Mll!tary facUlties .... ______do .. .. 115 106 1110 99 91 87 89 119 150 172 (') (') (') (') (1) (I) High wavs ... _. __ . __ .•. _. _..... --•. _. ____ .do ..•. 488 513 49.1 347 270 335 340 471 699 673 784 742 821 ()76 .544 (') Other types .. ------... ______do ___ . 396 418 360 362 332 372 411 ;J40 462 486 509 50! 489 I 433 38() (l) New construction (seasonally adjusted at annual rates), totalt ... ------.. mil.$ .. 2 55.455 '59, 036 59,271 60,371 59,151 60,114 59,555 60,458 62,335 62,733 64,194 64,228 65. 888 ' 61i,106 • 65,4Gil 65. ~20 Private, to talc;_. ______do.... 38.299 41, 478 41,823 41,726 41,376 41,526 I 42,436 43,143 43,184 43,931 I 44,571 44,827 45. 608 '45,750 , 4,5,784 45, 87:l Rcsidcn tla I (nonfarm) ...... do ... . 21, 680 24.174 24, 357 2{, 636 24. 273 24. 353 24, 98·1 25, 646 25, 801 25. 888 25, 832 25.919 26, .>321' 20, 927 :!fi. 815 Nonresidential bulld!ngs, except farm and pnblle 11til!tles. total\1 ...... mil.$ .. 10,734 11,362 11,417 11,144 11,111 11, 192 11, 181 11. 13,5 11.103 11. 717 12,384 12,738 12. 670 1~. 752 12. 883 12, 7Cill Inctustrlal ______do... . 2, 780 2, 857 2, 880 2. 794 2. 771 2, 774 2, 810 2. 852 2. 976 3,136 3, 310 3. 39.) 3, 41\l 3. 5:lS :1, 577 3, 41i!l Commercial?______cto .. .. 4. 674 5,023 5. 107 4, 943 4. 902 4, 963 4. 8[10 4. 77.5 4. 589 4. 953 5, 346 5. 561 5, 412 I 5. 3G7 ,), 412 5, 4011 2,186 2,104 :!, 252 2, StorPR, rPstnnrnnts, and garages ______do ___ _ 2, 276 2,37.5 2. 078 2.138 2,186 2, 033 I, 810 2,125 2,388 2. 524 2. 3921· 2. 2!i.5 250 Farm construction .. ______cto .. .. 1,300 1. 294 1, 280 I, 278 l. 274 I, 269 1, 265 1, 261 1, 258 1, 254 I, 250 1. 248 1. 243 I, 242 l. 241 l. 241 Public utilities .. ____ .... ___ ... ------.. __ .do ... . 4, 335 4,371 4, 467 4, 380 4. 434 4. 438 4, 737 4, 805 4, 686 4. 718 4, 741 4, 580 4, 8411 ' 4. 555 T 4, 67:! 4, 1'305 Public, total? ___ ------______do.... 17, 156 17,558 17,448 18,64.) 17,778 18,588 17,119 17,315 19,151 18,802 19,623 19,401 20, 2RO II, ~0. 356 '19, 679 19, IJ4i N onresli!entlal buildings_ .... ------. ___ do ... . 5.169 5,115 5,078 5, 234 5, 230 5, 394 5, 311 5, 358 5. 660 5. 306 5. 436 5. 613 5. 831 ' 5, 802 '6, 071 G, llli4 Mllltarv facllltles_. ______i!o .. .. 1.378 1, 269 I, 244 1, 337 1, 40.5 1, 255 I, 176 I, 369 1,682 ], 909 (1) (') (') (') (1) (I) Highways .. ------.. ------______do. __ . 5, 855 6,156 6,192 6, 963 6,170 6. 960 5, 602 5,611 6, 813 6, 331 6. 965 6. 5.10 7. 4421 7. 706 6. 7f>1 (') CONSTRUCTION CONTRACTS Comtmctlon contracts In 48 States (F. W. Dodge I I Corp.):6 Valnatlon, totaL ______mil.$ __ 3,091i 3, 442 3, 198 2, 779 2, 917 3, 583 3, 983 4, 851 4,402 4,1251 4, 061 3, 707 4. 3131 3. 749 3. 413 Index (mo. data seas. arlj.) ..... 19.07-59=!00.. '108 '120 138 121 130 118 125 144 135 126 132 128 14S Public ownershlp ______mll. $ .. 1, 041\ 1,133 1,190 932 1,092 1,182 1, !GS 1, 567 1, 384 1, 3!9 1,318 1,154 1,155 Private ownership .. ______do.... 2,049 2,309 2,009 1, 847 1,825 2,401 2, 814 3, 283 3, 019 2, 805 2, 744 2, 552 2.l.M7~~ 992 2,~.;;~ 592 2, 257 By type of hulldlng: NonreslctentlaL .....• ______do ..•. I, 010 I, 084 921 1, 016 1,005 1,146 1, 210 1,452 1, 458 I, 271 1. 322 J, 154 1, 3:n 1. os2 1 10'' R e'ldcntlal .... ___ ------.------.. ___ do ... . 1, 344 1, fi03 1,166 I, 250 1, 215 I, 642 1, 98(\ 2, 061 1. 966 I, 934 I, 88il I, 71'9 2,028 1.519 1:325 Pu hl!c works ______------.do... _ 576 ()59 787 433 571 629 635 952 812 742 675 li62 748 704 ()29 Utllltles .•. _ •. _------______------....do .. .. 165 196 325 82 127 167 152 385 167 178 182 102 206 444 35o Heavy construction: New advance planning (ENR) §______do.... 1, 816 1, 766 1, 953 2, 675 2, 075 3, 250 2, 037 2, 328 2, 072 2, 416 2, 976 2, 666 3, 600 4, 484 2. 650 6, .>77 Concrete pavement awards:ci' 1'otaL ______thous. sq. yds .. 8, 939 9. 483 10,576 11, 019 6, 351 8,131 10,216 12,343 9, 79:l 13,661 9, 399 8,142 13 033 8. 1()4 10, 389 1 10,891 Airports ..... _____ .... ------_____ ...... do ___ _ 476 477 216 1.023 122 1,042 521 742 357 973 184 254 '189 199 17ii 25H Roct

New housln~ units started: Unadjusted: 1'otal, Incl. farm (pnhllc and private) ___ thous .. 113.8 124.4 94.9 83.3 87.6 128. 1 160.3 169.5 157.3 1.52. 3 117.9 147.3 166. I 120. () \)8. 9 One-family 'tructures .. ______...... do. __ _ 82.4 83.0 56.3 47.4 52.4 80.6 105.7 107.1 100.4 98.2 95. R '92. 9 '1C2. 7 72. 6 Privately owned ...... _.... do._ .. 109.4 121.9 93.9 80.6 86 ..1 124.4 158.2 166.4 !53. 4 150.2 144.4 145. 3 J(\3.1 11~. 8 97. 3

1'otal nonfarm (public and prlvate) ______do .. .. lll. 4 122.4 93.9 82.2 86.1 126.3 157.5 166.3 155.5 150. 7 145.5 144.1 162. s 9(i. ,1) 1 JR. In metropolitan arcas. ______do .. .. 78.8 87.7 68.3 61.5 65.0 88.9 111.2 116.3 109.2 105.2 100.4 '103. 7 '116.. 5 r 82. 217 75.1i Privately owned ...... do .. .. 107. 1 119.9 92.9 '79. 5 85.0 122.6 155.4 163.2 151.6 148.6 142.0 142.1 159.8 !Iii. 4 94.9 Seasonally adjusted at annual rates: 1'otal, Including farm (private only) .....do ____ ------1, 562 I, 344 1, 380 I, 575 1, 618 I, 618 I, 571 1, 588 I, 455 1, 732 1. 847 1. .55fi !, 597 Total nonfarm (private only) .... ______do ____ .. ______------1, 541 1, 317 I, 353 1, 549 1, 590 1, 590 I, 554 I, 573 1, 434 1, 697 1, 807 1, 525 !, 548 CONSTRUCTION COST INDEXES Department of Commerce composltet 1957-59=100 .. 104 107 108 108 108 108 108 109 109 110 110 110 110 110 '111 Ill American Appraisal Co., The: A veroge, 30 citles. ______l913=100._ 741 756 768 770 771 771 772 775 778 782 786 73g 790 791 71-12 Atlanta •.. ------..... _. ______.do__ __ 810 832 848 851 851 852 852 852 8.52 856 New York .. ______do ___ _ 862 862 863 863 8G3 814 836 848 849 849 849 849 849 851 851 867 869 872 872 874 San Francisco~~ ______do ___ _ 703 720 740 741 744 74.5 745 74G 762 770 774 775 778 778 778 St. Louis .. ______.. ______------_ ..... do.••. 720 741 754 756 756 756 754 754 754 754 762 762 765 774 77() Associated General Contractors (building only) 1957-59= 100 __ 109 111 l!2 112 113 113 113 114 114 115 115 115 116 116 116 117 'Rcvis

------~1961 Tlm -~19Gi--~------196;-- Unless otherwise stated, statistics through 1962 ' ______1964 and descriptive notes are shown in the 1963 1\!onthly \ ------~ -----~---- -~----~-----~------edition of BUSINESS STATISTICS I average Dec. Jan. Fe h. '.far. Apr. _ '\Iay June July Anrr. I Sept., Oct. I :'\:ov. I nrr·. Jan. CONSTHUCTION AND HEAL ESTATE-Continueu

( ONSTRUCTION COST INDEXES-Con. R. TT. Boeckh and Associates, Inc.,, I Avemp:e, 20citles: I I I I I I All types cornhlne.c! .. ______19.o7-59=100._1 105. 6 1 107.8 108.6 108.81Josgf 109.7111o.3111o.7 110.8 111.21 111.a 111.411115 Apartments, hotels,office hnlldlngs ____ ,lo ___ _ 108.8 10S). 7 Ios.91 Io9 ._.~i.i 101\.8 i 109.91 110.0 i 110.0 I - 110.9' 111.4 111.8 II" 0 112.3 112.4 112.5! 112.G Corn mercia I and factory hnll7-.o9= lOlL 101. ~ 1 110.1 110.8 110.91111.0 i 1112 1 111.2[ 111.(;, 112.0! 113.1 114.2 ll4.1 114.6 114.3 I 114.4 '114.6 111. 5 I 114.7 115.8 11 ~o~n;;;~(1~'R~~-.i.s~ 1ri,;,;;:,:~ii-.;~,:;si~urJI~~' :do.--- Composite (avg. for qtr.)______19:~7-.19= 100 __ '94. () 2UR. 0 101.2 ""' ,,,, ·::I ""'I '"'j ·;~:I ,._, ""' :: \':" ·~'I ~:: "'"" CONSTRUCTION MATERIALS Output index: C'omllOSit<\ nnndJustrct 9 ______19 !'i-4D= 100_ _ r 1'29. 5 r 134. 5 '10\1. 8 'lltl.S 1'113.8 '133.4 ;150! ;;lli2.~ ;1.11.5!;1.51.1 ;16!.7 !:1.1~-~ Hil.3 -1- 8(_•:1sona\ly ~Hl.iustt>d9 ______do ____ - '12S. 3 '124.9 '128.3 '138.2 14,_, I 151.r, 141.6] 156.9 _ 14,.11 1 142.8 1 14<>--~ ~----- T!-on nnd ~~trt·l produrts. mwdjustrct ______do____ 130.2 131.6 9!) !J 98.3 i 99.2 129.1 158.5: 112.2! 1

1\f ort~age applications for new horn~ constrnction: A ppl!crttlons for FTT A cornmltrnen ts I' 1 18 11. 7 thow;. units._, 20 · 3 · 4 13.2 14.61 18.S 24.9 .l IG.l 1 17.5 17.1 16.4 14.8 15.0 11.4 i 10.3 1 !fl9 11.5 f"easona!Iy adjusted annna l rate_------00--- --~--- i4: 8-~---14_3_ 203 197 197 251 1 IW 195 182 172 173 !i6 190 ! 1o3 178 Reflllt?st~ ror VA appral:-;als_. ______do____ · · 8.9 10.<1 10.711:1.3 12.2: 157111.8 11.91 13.3 11.3 11.2 8.3' 9.1 Sc::~sonnllv :ld'inSt~'O. 3.nnual r;1te ______do.------172 1r.1 15o 152 119 1 152 123 122 I 133 14o 140 145 159

Tfomr mnrtg~_ocs ;nsu~ed or guaranteed by- ~ 397 10 113\""l. 2·1 1 FP1J. TTous. Adm.: Farr amounL ______mll.- --~ 1'"· 1 01 42S. H\1 503.6!i 399.8214111.19 392.31 14!!U71419.35 511.11) I i\07. 76 5(0,\.00 567 ..13 444.50 l8fi.G8 Vrt. A

New nonfar:n mortgages recorded ($20,0011 and 1 , _, 1 , \ 1 ,nnder). es_tmwtPd totaL ______miL$ __ ! 6,2 090011 7.2 842041 2, tlS2 2 0 8 2 424 3 1 I 'i. 221 _ :, . I 28 .. 71 l I! . on. 3, 233 I 3, 177 ! 3. 515\ 3. 525 3. 177 3. 534 2_ • - --- - Nonfarm fmeclosures. ______------____ nurnhrr- -~ 8.0271 7. 300 I ~. 0 8. 758 8, 814 I 8, 059 8. 347 8. 463 7. 89S ss_~o; _ -;~-- 104.29 120 Fire losses (on hld~s .. ron tents, etr.)______rnll. $ .. i 100.75 10.1. 42 4 . 0 126. 53 113-•._ 3'.''1:. , 141.22 121.20 1I 106. 68 100.93 I 113. 73 98.35 109.52 94 12 I 1 1 DOMESTIC THADE

ADVERTISING Printrrs' Tnk advPrtising index, seas. adj.: Com hi ned Index. ______.1957-59= 100. _ 10 Ill 110 115 112 117 116 Jl51 Tin<:ine s~ papers ___ ------______.do ___ _ 114 I I 1171 116 121 116 104" I 10S 112 111 114 ll!i 113 i 109 11" 110 ]]6 Magazines ______--______-- ___ --_--.do. __ _ 113 ll!J 123 m I 114 127 117 122 125 1 1~4 130 133 128 132 128 Newspapers ___ ------.. do ___ _ 1()0 1112 Ont1loor ______------___ -do ___ _ 101 97 97 to3J 10.o 101 !Of 104 110 102 t/3 ~8 77 87 88 81 79 101 Radio (n<'twork) _____ ------__ .do ___ _ 78 07 (if) -----87 -~----- ii:!- 1't'lev\slon (network) ____ ----- ______c\o ___ _ 64 70 84 S9 10:1 03 R8 111 118 11~ 125 125 125 128 128 124 123 127 130 122 Television advertising: Nt>twork: Gross tlmr costs, totaL ______mil.$ __ 2178.0 2199.7 218.7 203.9 207.2 A utomotlve, Incl. accessories ______... do. __ _ 2J2.0 2J3. 1 17.7 '200. 8 Drug" and toiletrles ______do ___ _ 1-1.\) J:l. g '13.3 '52. 0 '63. 3 71.9 70.4 FoodF, soft drinks, confectionery ______.do. __ _ f\7.8 r 07.9 236.7 239.5 38.5 39.1 :l8. 3 '39.1 Soaps, clrnns('rs, etr ______------____ Jlo ___ _ z 19.2 2 20.9 [______18.9 21.3 22.0 r 22. () Smoking materials ______.do. __ _ 2 21.:! 2 22.2 All otlwr ______(!o ___ _ 23.5 I 23.3 23.0 '24. 2 2 37.0 '40. 8 48.2 35.0 Spot (national and regional): 42.3 33.8 Gros~ tinw cost", totaL ______do ___ _ 21!",!.-t '180. 3 1\17.8 Automotive, incl. accessories ______, cleansrrs, etc ______do ___ _ 218.0 2 21.1 HJ.O ______1 ______1 23.3 2:2.4 Smoking materials _____ ------______.do. __ _ 2 7.-1 2 7. 4 25.' ------7. 3 s.s 8. 0 All other __ ------do ___ _ 2 4\1.4 11.~ ------­ '4L0 56.3 ------~------1 54.7 (),\_ 6 1---- 51.5 l\Irwazinc advertising: Cost, totaL ______------.do ___ _ 69.3 73.0 71.9 " I Apparel and accessories ______... do ___ - 50. ( 66. 61 s:u 90.6 89.7 74. 8 57. 0 54. 5 82.1 99.1l 4. 5 4. 6 3. 2 ,), 3 103.2 77. 2 I. 5 3. 0 G. 9 li.l 2. 7 . 9 5. 1 7. 0 Automotive, incl. accessories ______---_g 2. 5 2. 3 LO I. 2 L 5 ~. 1 3 " 3.2 2.0 L.l 1.4 Drugs nne\ toiletries ______(!o ___ - fl.() 7.1 8.0 ·' 3.0 2. 2 1.8 1.5 4., 5 9 I S. 6 8. 4 7.9 8.7 7.1 6.4 ~-0 9. 9 Foods, soft drinks, confection0ry ______c\o ___ _ 10.2 10.6 10.4 8. 8 10.3 10.8 9. g 11.4 10. 7 10.4 10.2 9. 0 7. 8 8. 9 12.4 13. 6 11.0 Be(•r, wine, liquors. _____ ------do ___ _ 4. 3 4..5 8.6 L6 3. 2 4. 4 Household equip., supplies, furnishings __ do ___ _ I 4. 3 5.2 5. I 4. 2 2. 9 4. 2 5. 5 6. 9 B. 8 4. 6 4. 9 4. 2 2. 7 3. 5 I i. 5 8.7 5. 7 4. 2 2. 8 Industrial materials ______.do. __ _ 3. 8 3. 7 3. 5 2.1 .\. () I 5. 8 1 8. 4 4.4 2. 4 1 3. 5 4.4 4.6 4. 0 3. 0 3. 0 7. 71 Sonp:;:, cleansers, etc ______-~- ______do. __ _ 4." 1 5. 1 5. 5 2. 8 .7 .8 . 7 . 7 LO 1..1 1.5 1.0 . 7 . 7 SmokinR materials ______.do. __ _ 2. 4 2. 8 3. 7 2.1 l.Oi 1.4 1,4 .4 All other ______.. do. __ _ 2: ~ I 2. 7 2. 7 3.1 3. 4 2. 8 2. 7 3. 3 L2. 8 23.8 22.6 19.13 24.6 ! 29.2 3. 9 i 3. 8 30.1 28.7 24.0 19.0 I 17.9 z~:~ I 29.6 33.2 ( 24.8 'Hcvised. t Index as of Feb. I, 1964: Buihlin~. 114.6; r-onstruetion, 120.8. II Incluc!rs data for items not shown separately. z Annual avera_e-(' ba~ru on quurterly data. 3 End ofye<~r. ,Copyrighted data; see last paragraph of headnote, p. S-1. §Data incluclr guaranteed direct lwns sold; these became sizable after 1962. }'phrnary 19G4 SURVEY OF CURRENT BUSINESS S-11

1961 1962 196? 1963 1964 Unless otherwise stated, statistics through 1962 1----'-----1--·-I and des<'riptive notes are shown in the 1963 11\ I tl1 ~~ ~--~ - I I I 1 .Tune July edition of BUSINESS STATISTICS average' on y Dec. .Tan. ' Fe h. I Mar. Apr. I :'day I Au~. I Sept. I Oct. I Xov. I DPc. 1--;:-:-- DOMESTIC TRADE-Continued

ADVERTISING-Continued I Newspaper ndvcrtisinp: llnap:e (52 clt!es): I TotaL.~ __ --~-~~-~--~~~--~~~~~-~-~~-~-mll.l!nes .. 231.4 233.2 235.2 197.7 190. 3 23~. 7 241.1 ?68. 7 243.1 212.5 I 231.1 241i. 7 267. 7 2[}.';(,_ 4 21i0. () -·------Cia"I fil'd ___ ~ _. ~ _~ _. ~~ ~. _~~. ~~.~~~~~.~ ... do.~-. 58.1 60.5 50.3 55.! 53.2 63.4 f\3. 7 09.7 07.5 u3. n I 66. ~ ll.>. 0 ()5. 9 I fil. R r.;i, 8 ------173.3 172.7 184. 9 142. r; 137. I I 175. 3 177. 4 W\l.O I 175.6 148.9 1f14. 3 181. 7 201. ~ I'JG. ti 20(), 7 -- -- n~~\~\~~-,;~~~t:~::::::::::::::::::::::::::::~~:::: 12.3 12.4 7. 7 9.6 I 10.3 11.9 15.3 16.3 14.1 11.6 11.2 12. 7 Hi. 0 13.0 ~- 7 ------Fi nanclal. ____ • ___ -~ ••• __ --~ ~~. ~~_~~.~.do.~~-- 4. 9 4. 8 4. 5 6.0 4. 2 4. 7 4. 9 4. 3 4. 9 5. 5 3. 7 4. 7 Pi •.) 4. 7 5.3 ...

Dnmhle :roods stores<;>--~--~------~~-- ... do_-~- 5, 60S 6, 245 G, 7fl0 5, 69!\ ,), 432 6. 982 7, 239 7, 044 6, 976 6, 556 5. 999 7, .)99 r 7. :!07 tn,m:J "· 383 ! 1 . "· 985 A nt.omot!ve ~roup_-~~ __ ------~----~-- .do. ___ 3, 0/() 3, 5GB 3. 4:l4 3. 487 3,30\l 3, 921i 4. 2f>2 4.301 4. 12fi 4,00:1 3. ,1)2~) 2.!l\l0 4. 387 T ~1, 949 r a. ns~ 1 :~. 7:2fi Pfu;srngcr car, other auto. dcn.lrrs ____ do ____ 2, 8i0 3,344 3, 139 3.309 3,148 3, 732 4. oo:l 4, OGO 3, 8(;5 3, 74fi 3, 28~ 2, 779 4. 148 r 3, 712 ::;,an;) ------rJ'irr, battery, acccs~ory dealcn; ______do ____ 20() 222 295 178 IGI 194 22D 241 2fll 257 241 211 219 r :237 :ll7 ------

Fnrnltnrr nnrl appl!ancr ~ronp ___ -~- __ .do .. ~- 86.) 901 1,21fl 830 781 838 8."4 934 933 9f>5 992 980 1.0% T 1. 077 '1.3·111 I 9]ii Furnitnrr, homdurntshlngs storrs ____ do ____ 547 583 745 517 502 M3 fl74 612 5~9 608 051 G47 710 T /W3 /R.~ ---- llonsrhold nppllance, rrv, rmllo. _____ fio ____ 318 311s 471 313 27\J 2!)5 280 322 334 3.)7 311 333 :J7G T :1'14 .155 -·-- Lnmhrr, building:, hardwarr g-roup _____ (}o ____ 913 947 921 69.) 649 7fl,l) 977 1, on8 1, o;;o I, 100 1, I3S 1. 05;) 1. 11 ~) 'I,(J!e PH! ------Lumh<'r, bldg. materials dealerscl' ... do.~-- 700 72~ f>09 .>20 493 6114 7-18 828 819 87() 911 8~2 8!17 r 7";"1 ms -- ·-- Tf nrd \vare .storrs ___ ------____ ----6 801 377 320 428 ·182 460 421 300 446 4·18 472 r Fi09 811 ------Family and other apparel stores ______do____ 282 297 554 236 193 262 303 271\ 2G5 241 200 296 301 T 34;{ !i/2 ------Shoe stores ______do ____ 201 T209 2' 298 r Hi5 147 205 259 210 202 179 212 214 1\17 T 202 2\)7 ------

Drn~ and proprietary st.ores---~~~~~~~~-do~--- 645 669 RRO 649 f\41 667 6''2 676 664 (\60 680 647 6G7 r(i()fi '901 I GSii Eating :md drinking phlces .... ~~~-~~~~-rlo~~~~ I, ani 1, 442 1, 479 I, 334 1,254 1, 421 1. 4G~l 1, [)62 1. 592 I. 6411 I, €US 1, 521) l,:"i!">fi 'I, 4~1\ r I, .~~1 I I. 4SO 4, 61 ~ 4. 801 5, 2;)7 4, 7:J~ 4, 407 4, 976 4, (\77 5,06!3 4, 9.>7 5. 003 .).318 4. 684 4. 910 r 5, 1[)3 r fl, 1/:! I 4, Hfl4 4, 1[)9 4, 344 4. 732 4,303 4, 048 4. 531 4, 223 4. 578 4, 483 4,50~ 82~ 4. 449 r 4. GS9 r 4, fi.17 I 4. 471 I 1, 4. 238 OasollneF~~~~~~;~t~feS~ service stations~_ ~ ======~g==== -~~~-~~~~----do •. ~. I, 49X 1.554 1, 629 I, 540 I 1,395 1. 543 I, 574 I, 62(\ 1, n;:;g I, 712 I, 730 1. 5911 1. 6111 r ], fi:!5 '1. 7114 I 1, [>40 I Oenernl merchandise group 9 ... -~-~-~-do~~~~ 2, 076 2,267 4,119 1, 7.lf) 1, fi27 I 2,075 2. 2\)£1 2, 278 I 2, 2/1.7 2, 129 2, 4G5 2. 29.1 2. 411 r 2, ([,:.! '4, 434 I I, 11114 r}.(i():) Drpnrtment stores ______cto ____ 1. 213 ].31,) 2. 421 1. 005 902 I, 199 1. 31.) 1, 317 1, 352 1, ~:!4 I, 4~() 1. 351 I. 417 2, G4f> ----- 1\f all or1hor houses (dept. store mdse.). cto~~-- 161 169 207 139 130 ],)!) 1(\? ltif) 150 157 IP2 lSI 208 :!I'"·H 02:! Variety stores.~~~~~~~-~~~~~~.~~~~~~~. do~~~~ 340 371 7.>1 2.>9 274 320 3~4 3tH 357 341 300 I 31\1 37S '414 7H4 ---·---- I ,1Quor stores~~~~~~~~ ... -~~~~~~~---~~~~ do ..• ~ 4011 450 700 409 386 427 42~} 458 450 474 48[1 437 16f; r 510 7:!S ----·--- Estimated sales (seas. adj.), totait .. ----~~~-do.~~~ ------20,253 20,387 20,374 20,350 20.276 20.200 20,486 20,719 20, 66(\ 20. 42G 20,716 r 2(), 5.38 OUI I 21, ()OJ

Dnmhle g-oods stores I? ~--~~~~~~~-~-~-~~~.rlo~~~~ ------6, 4R8 6. 62·1 (\, f>24 6. ,)76 6, ti46 6,M2 6, 630 6, 773 G. 5G2 6. flO() 6. 911 '(\, 7:l4 r U,BHl l G, k."il A utomottve r:roup ____ ~~~~-~~~~~~~~--~dO .. ~~ ------3, 7:{1 3.854 3,R20 3, 71l4 3. R24 3, 740 3. 843 3. 940 :;, 733 3. 717 :J. (1~1) i• 3. 7!11 :~, \)~~) ----- otlH:~r 3, 624 3, fi/1 Pm:srngPr ear. rmto. Ornlers _____ do ____ ------3.492 3. 5!18 3. 544 3. f\02 3, 515 3, 607 3. iOH 3, .~12 3. l\15 I :;. 7-tR I , a, .~r.n -··-- -- Tln•, hnttf'ry, accessory de:liGr~. ______rlo ____ ------239 230 222 220 222 22.5 23G ~31 2~1 222 23:2 r ~a5 2fl:-: ------I ! Furniture an(l appliance group ______(lo ____ 1• fJSG ------925 938 953 940 945 93H 931\ 979 939 9S.\ 1. 028 I 1. 022 ---- Fundturf'., homefurntshlngs stores ____ do ____ ------592 5Y9 ()16 ()07 fH7 59R tlll Gl3 (;]] G~S 6fifl r (;4(1 1121) ----- Household npplin.ncr, 'rV, radio .. ____ do ____ ------333 339 337 333 328 I 3-10 324 3t)() 328 337 8G2 I .. 34(i :nn ----- Lnmhrr. bulldfn~. hardll'aregroup. -~~-dO .. ~~ ------9-50 94fi 939 (142 957 940 902 H58 ~J92 tl75 fiS() '!1!14 \144 --- ·--·- Lum h,r, hldg-. materials dealerscl' ~~~~do~--~ ------710 721 71H 722 7:~{) 738 no 74{i 771 7()1 itl·l rj!)t Ill liard 'vare stores ______rlo ____ ------I ------240 225 221 2:20 2:!1 202 212 212 2~1 2H 2:22 i :!Ill 2~~;) ------N ondnrah 1 e goods stores I' __ ~ _~ ~~~~~~ __ ~.do~~~~ ~-----~-I~~~~~~~~ 13, 71),5 1a, 7G3 13. 750 13. 774 13, n:Jo 13. fi~S J:l.R5(i 13. 041l 14,104 13.820 t:3,77.'i 1-13. 81·1 14,272 ! 14. 1[)() A pp:-tml group. . ------______do ____ ------i------1, ~41 1, 2:22 1. 209 1, 207 1.1no 1.15(i 1, 17D I, ~14 1,:1.19 1. 20t i l.Li:l iT I, lSi) 1, :lSU I Mrn's and hoys' \H~:-tr stores. ______flo ____ ------~------2:lB 2:n z:.l4 23:l z:;3 2:21 :2:?2 :!:3D 247 2:;s 217 ; r :224 ~4.'1 \Vomen's nrpnrPl, nocessory storps ____ (lo ____ ------471 4HI 460 462 44:l 447 471 4/.t'i 4[(0 405 -1!)1 i • 41i:J 5\ll) -- ~amfly anrl other apparel storcs ______(lo ____ ------302 3l:l 300 293 287 285 287 20K ;):2~-< 303 2Kf> r '2~)4 ~H•i ... -- 1 I Kllor ~to res_------do ____ ~------·------'2 r 2:25 rzll 215 219 203 203 199 202 209 198 HJG I r 20fi :tlS -----

fl77 670 6s:J 67k ()77 67~ 674 674 IJRfl f88 fiK:l (I\)! I Drnp; an1l proprietary stores .. --~~~~-~~ do •• ~-~--~-----~~~~-~~~- I i 'f·77 Entlng and drinking places .... ~-~-~-~~-dO~~~~ --~----- ~~~-~-~- 1. 47:l 1. 4f'O 1. 490 1. 507 I. 518 1, 504 1.511 I. 4()7 1. 51!1 1. 4;1) ]..\:lll T i. 1'i()fi l.fi:!O ------Fo(}(i group. ______do ____ ------4, !10'< 4, 924 4,894 4, 8.\3 4, ot\4 4.8\10 4. H2~-l 5.o:lo 4,B!Jti 4, 8(17 4.\113 r 4, ~l/3 5.\117 4, 445 4, 41i3 4, ~il!J 4. 100 4. 414 4, 151\ 4, 527 ·1.1."11 I r 4. 512 4. S-10 1 4, 4:l:l 4. 510 4, 411 ------1, GOO 1, 027 1.011 1. (i1H 1. 5!14 1, 5~1 1, 5g4 1, fi0:2 ], 1.;12 1. {)(l;) 1. f>JS 1. j)jj o::!~~~~~~es:~r~~ St.fiii0!~S:~ ~==: ======~~~======:: ======! I, l.li~~ ---- 2 ~.. )') 2.348 2, 324 2,332 2. 409 z.:;m ''>--' 2, 434 2, 441 2. 41l7 2, 411 I 2. :;2.1 r :Z.:fi4 2.• ~:w G'?;,~'~';~.;::~;,~l'~~~~~': =~~~~ :.~ ~ ::::::: J~:::: ::::::::I:::::::: 1, 3Gl 1. 343 1, 344 1, 410 1,:m 1, ;145 I, 427 1, 418 1, 405 1, 3\IX I. 333 j r 1, 0()() I. 4!11 ~f:lll ordrr l10uses (dept. store mdse.): do .. ~. --~-- -~-~~~-~--~- 172 174 174 lXO 177 1tm 1R6 19() 1\18 190 I 182 :lt)() I \ nrfety .">torps ______do ____ ------371 :l73 37H 37X 377 aso 389 3~.3 :1g7 3Sil 390 I >31ll1!11 411,1 464 456 457 458 471 469 47.> 481 47ti 4t\G I 478 '473 4\l:l I --- ,,,.:::::: ,::::::;;;:;~; ;;;;;;;; m,,;,;': .. ·1· ...... ·~·· .. I I Book value (unadjusted), totaL.~~~~~~~~mil.$~- 25,414 27,071 21. 071 2G, \197 27,735 28,573 2~. 037 28,439 28,041 27, fl57 2i, 575 27,894 :r29, 134 1'2!1. \JR\1 '27, ~07 Durable goorls storcs? ______do ____ 10, 75() 11,472 -- ···- II. 472 11,070 11,\143 12, 148 12,080 11. !18G II. 8!16 11, s:l7 11,101\ HI, H"O 11. 400 '11, !110 11. /l:l --- Automotive gronp ______cto____ 4, 2Ul 4, TiS 4, 778 4, 9\l8 51335 5,388 5.318 5, 24\J 5. 1-17 5,129 4, 281 4, 0\IS 4. 4H8 4, 84(\ 5,11\9 Furnitnre and appliance group _____ do____ 1, 754 1, 8Hl I, 81il 1,815 1. 822 1, 8,\9 l, 870 1, S4fi 1, 85:! 1. 8-10 I, 888 I. !104 I. 91l8 I ··I. !Ill\! !, Hl\0 Lnmhr.r, hul1dine-, hardware group __ do____ 2. 275 I 2, 2(-)J 2, 26-1 2, 2(;t) 2,314 2,3117 2. 415 2,404 2. 362 2,322 2,313 2. 299 2, :l73 r 2, ~83 :!.:!'.!fl

Non(lurahle ~oods stores 9 ______do ____ H,f>58 13, 59!1 15 ..)99 15,427 15, 792 16, 425 1G, 557 lfl, 4.13 10, 145 16,120 • 17,734 r 18,079 1(), (IHR 16,470 17,014 1 --- Apparel vroup. ~ ~ ~~~-~~- ~~~~~~~~~~~~~do~~~_ 3,103 3. 405 :l,40,\ 3. 25(; 3.404 3,.192 3. 576 3. 542 :.J,3flll 3, 30\1 3, G2\l 3. 41i-\ 3, H5S 1 4.00ii ------Food group ____ ------______------_do ____ 3, 248 I 3,3\15 3, 3(15 3,349 3,407 3,483 3,571 3, 581 3, (i5(\ 3, 545 3, 48G 3. 530 I 3, til\0 1 ·~:n~ a. 577 General merchandise g-roup ______do ____ 4, o3·; -- --- 4, 495 4. 495 4, 470 4, 705 4, 940 4, nu-1 4, !-)53 4, 771 4, 772 4, {}5fl ;), 255 I. 5.1;2 .., 1 , 5, 753 4. 5\18 ---- I I Boo!; value (seas. adj.), totaL~~--~-~~~~-do~~~~ 2(i, 238 27,938 27,938 28,002 28, 025 28, Uf)fi 28, 0(\] 28, Ot\2 28,124 28, 259 28, l-18 2S, 147 :2X, fiGS 1'28. 3.57 fi51 -- Durable .ooods Btores I'.~ --~~~~~~-~~~~~~do .. ~~ 11, 019 I 11. 728 11,728 11,1J7G 11, 735 11.724 11, ()22 11,.184 11, (il4 11, ()i:) 11, G04 11.60.1 11. (i(\4 1•28.r 11, f\,)1) 11' ~J5.rl Automotive group ______drJ ____ -- - . - ~ 4,383 4.SfH 4, R(i] 4, 8fi7 4, 940 4, 948 4.8!17 4.809 4, 8fi9 4, H22 4. 810 4, 890 5. 101 5, ~4~ Furniture and appliance gronp ______do ____ 4. 95\1 ------1, 7B2 I I. 8(1!1 1,8\19 I,RlG I, 87!1 I, 872 1,8Sii I, 842 I, 85!1 1, 8()2 I, 8\12 I, 874 I I. 896 r 1, H04 ] ' ~~\)(j ------Lumber. building, hardware group __ do ____ 2,358 2, 349 2,349 2,341 2,342 2,336 2,324 2,327 2. 318 2, 290 2,318 2, 322 2.301 I r :!, 3'.!() 2. ::;og ----- 1"-J ondurahie goods stores 9 ______do____ 15,219 16,210 lo, 210 16, 32(\ Hi, 290 16,342 1(\, 439 16, 478 1G, 510 16,586 Jfi, 544 lfi,M2 '16. ('\13 lr lfi, 70fl 1n. 713 ------Apparel group~~ ---~~~~~~-----~~~~~~~dO~~-- 3, 259 3, 5fi9 3, 5fi9 3, 543 I 3,5-!2 3, 503 3, 555 3, 578 3, 51)0 3. ra6 3. r.oo 3. (il9 ! :JilM r 3. fiSti :1, f/27 ·------Food group~_~~~~~~-~~~~--~~~-~ __ ~~~~do~~~- 3. 258 3, 405 3, 405 3, 442 I 3, 445 3, 406 3,5.10 3 .•)f>O 3, 6(\3 3,604 I 3, 546 3, 5.!1 3:571 I 3, 5/R ~. 5Ul II i ·------Gcmeral merchandise r-:roup __ ------do ____ 1. I r5 4, 452 4, 897 4. 8\Ji 4, 94.3 I 4,£71 4, 960 4,079 4. 98tJ 4, 943 4, 923 4, ~31 4 97() i r 5, 047J lOS 5 003 -··-- -- r R('ViSP(.'- 1-:\clvancP l'Stimatr. z nnlSIOllS for 1\tln.y->Jov. 19G2, resprctiVl'1y, are as for trading day ditfen•nces. Rl~visions for pl•riods not shown lwre 8f>pPar jn the July J!J03 fr>llow' (nnl. $): l nadJnsted-20'1, 20f>; 171\; 20~, 228; 205; 203, Sl'as. a

1961 1962 1962 1963 196! lJnless otherwise stated, statistics through I 19621 I and dt'scriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS average Dec. .Tan. I Feb. I Mar. I Apr. I :\by I June I July I Aug. ! Sept.\ Oct. \ ~ov. I Dec. Jan. DOMESTIC TRADE-Continued

RETAn TRADE-Continued I Firms "·ith 4 or more stores: Estimated sales (unadjusterl), totaL ..... mll. $ .. 5,127 5, 472 7, 767 4, 901 4, 592 5,469 5, 574 5. 7761 5, 685 5,518 6,094 .5, .546 5, 947 6, 411 8, 283 Firms with 11 or more stores: Estimated sales (unaclj.), total \? ...... do ... . 4, 378 4,631 6, 526 4,075 3, 826 4, 57! 4, 651 4, 850 4, 767 4, 601 5,106 4, 6ll 4, 916 5, 364

Apparel group\? ...... do ... . 297 '307 2' 539 202 283 353 31.\ 307 263 310 ang 310 347 567 l\1t>n's n.nd boys' wear stores ______do ___ _ 30 29 58 18 25 29 2ll 30 25 25 2.5 30 34 60 \Vom('n 's apparel, accessory stores _____ do ___ _ 120 124 228 82 116 141 135 !30 115 138 128 131 152 246 Shoe stores ...... _____ ...... do ... . 86 '90 2' 135 04 87 113 90 87 71 84 93 83 83 133

Drug and proprietary stores ...... do ... . 127 137 213 129 12~ 135 134 138 141 138 142 I3.o 138 143 226 Eating and ...... do ... . I, 304 1, 464 2,664 1,120 I, 03.5 1,329 1, .\01 I, 491 I, 536 I, 436 1, 546 1. 640 I. 867 3. C29 Dept ...;;;tores, rxcl. nwil order sales ______do ___ _ 823 896 1, 617 GS9 618 829 921 927 977 l.fJ621 Varic•ty stores ______do ___ _ 891 1.027 972 1. 0!3 !. !?iO l.B69 2112 2S4 .178 191 204 241 29·1 271) 276 263 :JOI 272 292 321 611 Oror0ry storf's ____ ------___ -·- ______.do ___ _ 1, 843 1, 920 2,103 I, R97 I, 790 2,067 1,8[)2 2,063 I, 950 I, 915 2,136 1,825 I, 965 2,140 2. 081 Lum her ,·arrls, bld~. materials dealers a" .rto .... 62 52 45 42 52 fJ3 72 73 75 76 71 75 (\4 50 Tire, hattPry, accessory denl~?r~------____ do ___ _ ~~I 90 126 6\l 62 77 92 97 103 102 94 83 93 94 132 Estimated sah's (seas. adj.), total<;> t. .... _. ·············-·······-···-bil storrs, ncronnts rereivahle, rnd of mo.: Totoll. _____ ------_mil. $ __ I 13,0:13 I 14,299 14,299 13,471 12, ';00 12,912 13,352 13,f>34 13.799 13, 781 14,016 14,044 14.312 '14. 395 1.\. 49.\ !>mabie goods stores...... Charge account sales ...... _do.... 42 40 39 38 40 41 40 i 39 39 39 39 40 1 41 3!l :lS Installment saJcs __ ·------·------___ do ___ . 16 17 Hi Ul 18 17 i 17 ! 18 I 18 18 17 18 I 18 18 17 I I Sales, toto! United States: i I I TTnadjusteit ...... 19.>7-59= !00.. 109 114 '211 ~6 I ~5 101 I II 112 I 114 : 100 114 I 121 PHl 8C'nsonally nrl.lnsted ______ctf) ___ _ 112 141 ' 229 117 113 ' 114 119 115 117 ' 120 i 120 12u 1 121 lli T I 126 ,, 121 Stocks, total U.S., en

POPULATION I Porul:~tion, TJ.S. (incl. Alnska and llow:di): 'fotal, incl. armcrl forces o\·erseas.0 ______mil JIJ83.76 '190.!41•1911. :Jg i 190. (\1 190. RJ '"'"·"" , m." , '" " , "" " , " I. 9, 891 69, 325 68. G15 67. 22~ Agricnlturnl r,mployrnpnt______ aml over) ..... do ... ______1.078 1,152 I. 128 I, 097 I, 067 I 1. 113 I 1, 080 1, 042 I, 083 1, 078 1, 114 1, 060 1. 022 1. 10.5 Halt's (rwrrent of eivrlinn labor force): All civilian workers______-··--·-- ...... 1. 5 5. 7 5. 9 5. 7 5. 71 5. 9 1 5. 7 5. 6 5. 5 5.. ) 5. 61 5. 9 5. 5 5. f) Experienced v.,cage and salary workers ____ _ 6. 8 5. 5 ,;. 5 .5. 6 5. 9 5. 5 5. 4 . 5. 5 .5. 6 5. 4 5. 4 5. 4 5. 5 5. 7 5. 3 5. 3

'Revised. P Preliminary. 'As of July 1. 2 Revisions for May-Nov. 1962, re- a" Comprises lumber yards, building materials dealers, and paint, plumbing, and elec- spectively, are as follows (mil.$): Unadjusted-apparel group, 310; 293; 244; 284; 310; 307; 340; trical stores. tSee note marked" t'' on p. S-11. slwe stores, 92; 89; 73: 8[1; 97; 8fi; 87; seasonally arljusted-apparel group, 309; 288; 305; 314; 309; 0HeYisions for -:-Jov. 1962 are available upon request. 2\17; 311: shoe storl'S, 89; 81: 87: 97: 89; R7; 90. \1 Includes data not show separately. t RPvist>rl monthly data (back to Apr. 1948) appear in the ":\fontlrly Report on the Labor Forcr•," .ian. 19G4. U.S. Dept. of Labor, Wash., D.C. 20210. Ft>hrnary 1Uo4 SCHYEY OF CFRREKT BUSINESS S-13 ====~'=-======-==~==~==~======~~======T=== 1 1962 19621 1963 1964 Unless otherwise stated. statistics through 19~1 and descriptive notes are shown in the edition of BUSINESS STATISTICS m~ l' ~~~~-~~7 ~::- Jan. I Feb. I:\far. I Apr. I ~fay I June I July l Aug. l Sept., Oct. I Nov. Dec. Jan.P

EMPLOYMENT AND POPUI~ATION-Continucd EMPLOYMENT-Continued I Employees ~n payrolls (nonagricultural r.stab.): t Total, unadjustcdt------thous __ 54,224 55, 841 57,044 55, 409 I 55, 37 4 ~5. 714 56, 505 56.967 57,6091 57,422 57,651 58, 211 58, 426 '58, 220 '58, 586 56,896

Manufacturln~ establishments ______do____ 16,327 16,859 16, 862 16, 687116, 683 16, 7.56 16,845 16, 960 17,111 17,050 17,199 17,398 17,367 '17.229 '17,138 16, 96.> Dnmh\P ~oorls lnrlustrlcs ...... do____ 9, 072 9, 493 9, 546 9, 481 I 9. 474 9, 508 9. 593 9, 673 9, 738 9, 666 9. 609 9, 801 9. 811 '9. 78\l '\l. 763 9 695 Nondurah\c voods industrles ______do____ 7. 255 7, 367 7,316 7, 206 7, 209 7. 248 7, 252 7, 287 7. 373 7, 384 7, 590 7, 597 7, 5.16 '7, 440 '7, 37,1 7:270

1\fln!n~. total\? ------do____ 672 652 634 6221 618 616 632 6<3 650 641 646 641 ti37 '634 '630 616 Metal minlng ______do____ 87 83 77 78 so 79 S2 83 84 84 85 84 84 '84 82 Coal mining_ ------do____ lGl J.o2 148 148 147 142 143 142 139 126 135 134 136 136 137 Crudr petrolcnm and natural gas .. ____ flo____ 303 299 296 289 288 288 290 295 300 302 298 295 290 '292 294 Con tract construe! ion ___ --______---_do ___ _ 2,816 2, 909 2, 776 2, 584 2, 470 2, 556 2. Sill 3.049 3, 232 3,3M 3,437 3. 378 a, 3aa I , 3. 176 , 2. o3z 2,620 Transrortatlon anrl rnhllc utilities 9 _____ do ___ _ 3, 903 3 903 3, 914 3, 775 3. 844 3, 847 3, 859 3, 897 3, 954 3, 975 3, 976 3, 982 3, 9liB I ' 3. 944 ' 3. 929 3, 878 Rrdlroa

-:\To! or frt'l~ht trans. anrt stora['p ______rlo ___ _ 845 880 893 854 857 8f\9 868 877 912 920 921 934 \Jafi r 9'2.1) Yl3 Air tnlilsportatlon ______do ___ _ 196 200 206 208 207 208 208 209 211 212 :?1:2 212 21~ I 21a zr4 'T'PIPJlhow• corn mnntratlon ______rlo ___ _ 693 (iSS 684 682 681 C.83 684 681i 692 701 699 693 ti9l I' T HHb tj~5 El<•rtrif', p-:t~. ~tnil ~anltary ~crvlcrs _____ (lo ___ _ 614 611 607 GOG t305 ()05 603 607 619 626 ()26 618 fill 611 610 1 \YholP~alr nnd rrtntl trade ______64 Ftnanc;', 1nsuranrr, and renl estate ______flo ___ _ 2, 731 2, 798 2, 811 2, 806 2,813 2, 825 2, 842 2, 858 2, 885 2, 916 2, 919 2. 887 2, 884 ' 2. 878 ' 2. &\0 2. 874 ~<'rvlc<'S and miscellanrous ______(lo ___ _ 7. 610 7. 949 8. 014 7, 95G 7, 997 8. 076 8.199 8, 294 8. 423 8, 474 8,457 8. J31l 8, 472 ' 8. 406 ' 8. 378 8,3W GovPrnmrnt_ ------______. ------____ {]o_ --- 8, 828 9. 188 9, G13 9, 444 \), 5Hi 9, 541 9. 542 9, 5-16 9, 506 9,170 9,139 9. 547 9. 7,11 , 9, 787 , 9, u:Ja 9. 772 Tntn.l, SPn$.onally nr'!,iustpflf ______cto ___ _ 151, 22-i 155,841 56,211 56,333 56, 458 56.706 56, 873 57,060 57, 194 57,340 57.344 57. 4.53 7,6-i{) '57,!)80 lrfl7,747 57,831 1\fnnllf:-wtnrln4 ,078 588 5S9 ~ 5\15 r 5117 ;";97 Fnrntt.nrc an<1 fixtnres ______(1o ___ _ 368 385 38f> 389 386 388 387 388 390 392 39:J 392 391 3\)2 ' 394 3\lf\ P:tonf', e1ay, anfl glass prodncts ______ffo ___ _ 582 594 591 .19.) 590 597 607 612 612 61.5 (jl(j 610 Gil ilH , 612 (i13 Primary mctallnrlustriPs. ______rio ___ _ 1,143 I, Hi4 1, 120 1, 124 1,133 1, 145 1,174 1, 184 1, 202 I, 208 1,176 I 1, 164 I, 1551 ' 1, 153 ' 1. H\'7 1. 169 Fahrleatpf\ metal rrodnrts ______rJo ___ _ 1, 084 1, 128 1, 127 1, 125 1, 131 1, 136 1, 148 1. 151 1,156 I, 159 1,161 1.165 1, 164 1, 162 ' I, lf•8 1,172 1\ fnrhlnrry ______flo ___ _ 1, 419 I, 490 1. ,)01 I, 503 1. 499 1. 501 1, 504 1, 506 I, 508 1, 512 1. 5:.?5 I. 531 1, 545 ' 1. 548 ' 1, 5[l.1 l,b.\8 F.lcrtrlcnl eqnlrmcnt anrl snrrli<'s ... rlo .... 1, 475 1, 579 1, 595 1. 593 I, 589 I, 589 1, 595 I, 597 1, 593 1, 587 ], 57! 1. 574 1, 571 ' 1, 5,\7 '1, 564 1, .566

Trnnsportat.ion (''l_Ufpmrnt______.do ___ _ 1, 459 I, 542 1, 574 1, 586 1, 595 1, 597 I, 623 1, 614 I, 623 1, 618 1, 580 1, 635 1, fl47 '1.6Hl '1,G2fl I, ti3:J Tnstrmnrnts an~l rPlntPd pro(lurt.s ____ t]o ___ _ 347 31\0 31i4 3G5 366 3GS 370 370 375 375 375 373 37:l 373 :J74 27'2 1\1isrrllanrons mannfaetnrlng lnd ____ do ___ _ 378 391 389 389 3RS 390 390 393 389 394 398 398 395 r 398 r 397 402

Nondnrahlr goods lniln~trirs ______rlo ___ _ 7, 255 7, 3ti7 7, 333 7, 32fl 7, 326 7, 362 7. 377 7, 412 7, 390 7, 402 7,381 7. 371 7, cJ01 '7. :J/:3 '7. 390 7, :l!13 Foorl rmd kin,1rrd prodn('t~ ______do ___ _ 1, 775 I, 71i0 1, 75li 1, 752 1, 747 1, 757 ( 738 1, 743 1. 732 1. 730 I, 7:28 1, 723 I '4''1 'I. 733 '1. 711 1, 7-12 'l'ohaef'O mnnnfartnrrs ______do ___ _ 91 91 ~11 89 89 89 90 89 88 87 m 815 ' l'-19 r Vfi r 111 H2 Trxtn~~ mill prorlnrts ______flo ___ _ 893 903 893 891 890 892 891 889 889 891 887 886 890 8:'19 '88~ SXG Apnnrrl nni! rrhtNl rro(1npts ______(lo ___ _ 1, 214 1, 2()7 1, 26,) 1, 2118 1. 273 1, 28G 1. 29(i 1, 317 1, 306 I, 317 1,302 1, 30il 1, :·n2 r I, 2~H r 1, 20.1 I, 2!!7 Paprr an

~Tinlng ______rlo ___ _ ()52 ();).') r r 672 f>33 fi31 H31 fi31 63H 040 63H 640 1132 ti:ZU ~1 630 62\J 0~.1 C'ontrart con'-'lflwtion ______·-- ______do ___ _ 2, SH\ 2, \JO\J 2, 913 2, 9()7 ' 2, 920 3, 005 3,019 3, o!ti I :l, 0(\\) 3. 071 (l{)i) 1 r :::. (1;) 7 II r 077 :l. OilS 3.os:l a. 1 a, r r Tran,portatlon an:l public ntllltlcs ...... rlo ___ _ 3, \J03 3, 903 3. 8118 3, s21 1 :l, 899 ~: ~~~ : 3, 890 3 909 3, 91\) 1 3. 93(i 3, 9.J1 3. 9[>0 3, SK~I 3. H2S 3, nl:-3 ~. 92tl \VholPsnlP and rrtnll tractr ______do ___ _ 11,337 11.582 11, G29 11, 1)8,) 11, 72!l 11,7\15 11, 784 n: 825 11, Slil : 11,88-1 11,907 11.922 11, !I:),) !r 1], \1-D r 11. 9tit) 12.om1 Flnnnre, ln:;;nranct.~. and rral e~tatc ______do ___ _ 2, 731 2, 798 2, 822 2, 834 2, 83\J 2, 848 2, 8.53 2, Sfi4 2, 870 2,8/:l 2, 87~~ :!, SS'j 'I r '2. ~~7 r 2, S92 z. una ::-:f•rvfep~ nwl miscellaneous_------______do ___ _ 7,mo 7, 94\J 8, 079 8, LIO 8, 144 8, 207 8,19[) 8, 228 ~: ~~~ ! 8, 349 8,373 8. 377 8, 430 r -"'i, -12;j r K 4-W 8, 477 Oovf•rnmrnt______------__ ---- ____ do ___ _ 8, 828 9. 188 9, 38fl 9, 414 9, 424 9. 455 9. ·lli6 9, 480 9, 504 9, 489 9,4(19 9, 552 U. G-13 'V. 6531 '\1. 712 \l.7:1U Prodnetion workr-rs on mf)!. pavrolls, unndjnstc•d:t Total, nnarlinstrrl t______: ______thous__ 12,085 12, 494 12,459 12, 2BI\ 12, 27(\ 12, 34! 12, 42fl 12, 52(j 12,6.12 12. 571 1:!, 705 12,923 12, 8951r 12. 7i)G r 1~. HG6 1~ . .r)o4 Seasonally or!justrrl ______rlo ____ ------12,443 12,4.53 12,455 12, 521 12, G04 12,647 12,628 12, (),!)0 U,575 12. (ill 12, (i-:l~l r 12. ;)\)() ~ 12,654 12. (\72 DnrahlP goocls indtJstrks, nnni!jnstNl __ rlo_ __ _ 6, ()20 6, 94() 6, 9ti2 H, 8~lH (). 884 6, 919 7,()10 7, 083 7,138 7. 051) 6, 995 7,1\!3 7,zo4 1, 1.1so I, 7,1o4 7. oxx ~rnc.::onally ndJu:-::terL ______do ____ ------G, 935 G, !>riO G. 95t> 7, 070 7, US! 7. u~o 7, ]O:j 7,0!)1 7, 097 7 7 7, 1-Hi ti, y~~~ . , ; 1 ; OrdnnnrP and nrcrssoriP~ ______do____ 107 . 120 123 121 120 Jl8 118 LIS 118 118 11\) '· w~ if\\ ;t;: 11~ Lnmh('f and wood prorlucts_~------~rlo____ 518 52() 512 501 496 .100 511 .533 523 528 M7 551 5-l3 r fi34 r T121 !i04 Purnltnn' nnd tlxt.m·<'s~------~do____ :-304 ~{20 323 :319 317 318 318 :J17 322 :J21 331 333 334 3:;2 3:;o :.:t?!) 1 Stonf', rlay, nnd gla~s pro(1urts ______do____ 469 · 47Y 4fi7 4,\2 447 4.58 482 497 50S 512 5lt) 510 504 1 r !)OJ ·1H7 461> Primary mPtal tnctnstrlr-~.:;______do____ 915 \ 936 899 9110 914 B29 9!)3 970 984 970 94\i 912 '..1:291 r H:lS r U--11 \140 Bh:"t, furnnP<'S, sterl and rolling mills ~~O--~~ 425 421 388 390 :JIH 418 437 450 45H 453 4~{) 420 410 '~~~~ 410 Fahrka!ed metal products ______f]o____ 82G 8tH 869 857 1;5-l 85fi l'\H!:i 8811 894 k79 RS\J \109 \113 r \)07 r !104 \)00 1\fachfn('fY ______do____ H77 1, 03ii 1,040 1. 013 1.041) 1.1!51 1, 05(i 1. 0,\2 1, 0.15 1, 04! 1,044 I.(),)!\ 1. 0,1() I, tl.~IJ r 1, 07S I, 083 E!('Pfri('al rqnipnwnt and snpplks ___ do____ 9.SO 1, OGO I, 0~11 1; Oli9 I, 058 1,050 I, o-rs 1.0-19 1.057 1, 040 I,Of8 I, Oli7 1,074 r 1, (l(j;) r l, ()(){) 1,0.11 'rransportatlon P(llliptw~·nt Q- -- ______do____ ml7 1, Otil I, 112 1, 112 1, !04 1, 11X I, 121 1.121 1,09H 984 1, 125 1,149 , 1, 107 , I, ](j:J 1, !GO 1, 1\Totor vrl!lf'lrs and eqnltHTI('!lL ____ (}o____ 4SO 53-t .079 57t) l~~~ .oM 575 !_",;j() . 5g1 56!\ 450 5~4 ~\-l\:) tiO~ r Gl:l GIO Atrcrnff and part~ ______cto____ 352 3Fii 358 3MI 355 3fi3 303 :)[>() 352 350 351 a56 3()1 r ;)ti;) r ;){i~ 3G~ Ins!.rumPnt;;:. an(l relatrd prmlnct.'< ____ (lo____ 223 230 233 2:l2 23~ 23:l 2:H 235 239 237 240 2JO :2-W :2-il :240 23fi Misccllanrone mfg. lnrluetrl<'o ______rlo____ 304 315 306 289 2H5 aoo 305 312 31G 312 332 ! 341 3<2 ~l37 ' 312 31Ml ~ onrlnrahi(' ~oo(ls industries, unadj ____ do____ 5, 464 5, 548 5, 497 5, 390 5. 392 5, 425 5, 41G 5, 443 5, 514 5. 515 5, 730 ,), ti~H r 5, fJ76 '5, 512 5. 4Hi ~Nto:;;OnO 1,125 I, 126 I, 109 I, 141 1,157 1.135 1, 142 1.140 1,133 I, 183 I, ISO 1,180 'I, 161 '1.150 I, l:l2 PapPr an(t alHNl prodnrts .. ~------i!o____ 478 486 488 •183 480 482 483 484 492 487 495 495 493 492 491 4SG Prin:in_u:. pnh1i~lJin!!, and allied lnd __ flo ___ _ 592 594 586 578 576 579 5b8 590 592 589 .592 597 599 .598 r 602 59:5 Chemical~ ::md allied products ______do ___ _ 504 517 514 514 516 522 532 527 .525 5~8 527 D26 T 522 5'J') .520 Pdrokttrn r<'fininv and related inct ___ do ___ _ 130 125 118 117 117 117 119 g7! 122 122 123 121 uo 118 116 ll:l Petroleum refining- _____ . ______do ___ _ 106 101 95 9·1 96 96 gn 95 I 96 90 96 i 95 94 94 93 \l3 Ruhhcr on

1964

Dee. Jnn.P

EMPLOY:\ lENT Al'ID POPULATION-Con tinucd

EMPLOYMENT-Continned l\fisrellnnrous employment data: I I F('d States. __ ------______thous.. 2, 2.11 2, 311 I 2,462 2, 297 2,302 2, 304 2. 315 2.335 2, 344 2. 337 2.3131 2.313112.452 Wash. D.C., metropolitanarea ...... do.... 220 230 1 2::w 233 234 235 no 2-13 246 2H 2. ~1~ I 239 I 2411 I I 243 Railroad employees (class I railroads): TotaL. .. ______-----·------______flo____ 739 720 704 681 fl82 (\85 (ifl4 70,1 7L5 714 , 714 p 700 I p G94 ' r.93 Indrx, seasonally adju~trd _-----1957-59= 100-- 2 81. 5 2 i9. 5 80.6 74.0 74.9 75. (\ 76.5 76.9 77.3 77. 5 r iR.:! :7~oi I p 78. "I p 79 4 I (' 79. 5 INDEXES OF WEEKLY PAYROLLSt

('cnstrnetlon (construction workrrs)f_19i57-59= 100 .. 108.8 116.4 106.8 99.9 92.4 100.2 115. 5 12R. 3 138.9 146.8 L\2.2 149. 5 149 .• , 131. 51_ 119. g 'If nnnfartnrin~ (production workerslt. ______flo __ _ 105.4 113.7 115.4 112.8 112. 6 114. I 114. 4 ll7. 4 119. g 11S. 1 l18. 2 122. (i 122.1J 121.5 I , 122. ,5 IIO.I li-Tining (pronuction workers)t ------do __ _ 90. tl 90.5 88.5 8tl. 5 86.2 8.5. (\ 89.2 92.1 95.11 \JO. 2 93. 1 94.0 92. 8 '90. 5 i 91. I 1 HOURS AND EARNINGS t A \'('l'ngr W('('kly gross lwurs prr production ,,·ork('r I I on pflyroll:-; of nont1grk. rstah., unadju~tf'd :t All mannfnrtnring rstab., unadj.t ______hours __ 39. R 40.4 40.5 40. 1 40.0 40.2 39.9 40.5 40.8 40.5 40. 5 40. 7 40.7 10. sl , 4o. 9 40.1 8N1sona1Jy :vljusted ____ , ______clo ____ ------40.2 40.4 40.3 40.5 40. 1 40.5 40.5 40. 4 40. a 40. 7 40.6 40.51 '40. (i 40.4 A V<'fflVf' ov0rtimr ______cto____ 2. ·i 2. 8 2. 0 2. 5 2. 5 :2.tl 2. L1 2. 8 3. 0 2. 9 :.?. 9 3.1 3. 0 3. 0 '3. I 2. 'j Durahlf• !!ooiiR inflnc:trie.'L._. ______Jlo ___ . 10.3 40.9 41.2 40. 7 40. 7 40. R 40.ll 41. 2 41. G 41.1 41.0 41. 3 41.4 41.2 , 41. G 40.9 8rn"onn1ly rvljnsted ______(fo ____ !------41. 1 40.9 '11.0 41. 0 40. 7 41. I 41.3 41.2 41.0 41. 3 41.2 41. 1 I '41. 5 41.1 Avern~r o-vertime ... ______------__ .do._--~ 2. 3 2. 8 3. 1 2. G 2. G 2. 7 2. 5 2. 9 3. 2 2. g 3.0 3. 2 3. 2 r 3 ') I r 3.3 2.9 Orilnnnrr an nnr1 :1.ll_IN1 produrt~ ______(lo ____ ) 41. 4 41. 5 41. 7 41.3 41.2 41. ! 4:'. 0 41.7 41. 7 41.6 41. -! 41. 5 41.4 41.4 41. G 41. r. Pl'troit•tml n~finhL~ and r<'1ated incf ____ J.]o ____ . 41. :J 41. f: 41.5 41.6 40. 5 40. 7 ! 4:!. :.:' 41.9 42.3 42. 4 'll.ii 42. 2 tJl, 7 r 41.5 '41. 3 41.1 Prtrolc·um rC>flning ___ ---·------.Jlo __ _ 40.9 41. 2 41.4 41. s 40. 7 40. g ' 42.:.! 41. 4 41. t) 41. G 4G. 6 41. 7 41.11 r 41. [l '41. ,1 41.2 Rnhh0r nnd n~tPc. ph~ff(· prodncts _____ cto ___ _ 40. 4 41.0 41. 2 40. ~ ·W.I.l ·Ht. 7 411. 1 40. 5 ·Hl. 7 40.5 41.0 41.4 41. 1 41.0 '41. 7 40. 7 1 V·a1lwr nnrllcathrr pr-orlncts ______c]o .... 37.4 37.6 37. (j :17. 7 37. 4 3t!. 9 3.5. 5 36. G 37. g 38.0 3~.3 37.5 37.8 :~7.:? , as. s 38.4 1 f\7onmnnufnetnting cstnhlf~hrrwnts:t l 40. 5 41.0 40. 0 40.9 40.9 40. 5 41. 3 41.9 42. 7 41.2 4~.0 42.1 42.3 41.3 41. G !\ 4i. 4 41. .5 41.0 40. 9 41.1 41. 1 ·10. 8 41.3 41.7 r~7~~~ll'n-1 iri!,; i!:::::::: ::::::::::::::::::~~::::I 40.8 41.0 41. G 41.3 '4~. 2 I 42. II a ;l'l.I Coni mln!no: ___ ------00---- i 35.8 36.6 3S. 3 39. (\ ~t\. i :Jx.l 39.4 41.0 38.0 3\\2 39.0 :Hl. ~~ C'n1•lc< pP!roknm nn7.:.? 3n. n :17.3 34 ..) ':l.\.1 II HPavv constnlcfton ______------_do. __ _ 40.3 40.5 3G. () :Js. 1 39. 1 41.2 41. \) 42. g 43. 2 43. 5 42. 9 43. G 40.0 3fl. 3 Specii11 trade rontractors ______do ___ _ 36.2 36.3 1 3-"· 0 35. 1 35. 8 3t)." 3>. 1 3<. 5 37.4 37. 5 3i. 2 37. ';' as. 1 3.), i' I Trnmportntion ani! pnhllc utilities: i 42.9 42. 6 4~~- ~ Lnea1 awl ~ntmrhun tran~portat.fon _____ d0----1 41. 7 41. 8 41. D 4:.!.0 42.7 .J:to 42. () 4:! .•5 42. 1 eo r 41. R I 41. ,\ 41.6 41. tj 40. 7 l\[otor fr0ight trnnspomtion and storagr_(lo ___ _ 41.5 41.0 41. :2 41. 2 41.6 42. 2 41.7 42.3 42.0 42.3 41.3 1 41. fl 'l'<•kphont~ ('ommunteation ______do ___ ;jg_ 7 -I :l9. 4 39.9 av. v 3\J. 5 :w.s 3\1.6 39.;) ·111. 0 40.3 40.1 40.5 40.4 '40. 8 i 39. 7 40.9 41.0 41.5 41. 1 -!1.1 40. 9 41.0 41.0 41.3 41.2 41.3 41.4 41.4 I 41. 4 ( 41. .1 ,yr;;;~~~~~~J~· :~~· ~~~~~~trl:~(i~~~ _~~~~~(~('~~-~ ~==~~~=== =i 38.8 3X. 7 8~. n ;;t~. 4 31<. 4 :;~. 4 3s. 5 3S. 5 ~)r:.. \1 :i9. 2 3U.:2 3S. () 38.4 38.3 ( :l8. u "\Yhi"JlP~nlt~ trad(' ______(]0----1 40.5 40.6 40. 0 40. 4 40.3 40. 4 40.4 40.6 40. 7 40. R 40. 7 40. 6 r 40. 5 1 411.9 38.1 37. t) fj ]{pta!! trai!e § ___ ------__ do .. --! 37.9 3K l 37. 07. 5 a7.--; a1. t\ 3b.1 38 ..1 3.:'\. 5 37. 7 ~~: ~ I 37.3 ! 38.0 >'crY!cPs anrl misrelluneons: I I : Ifoh'!s, t.ourist courts, nnd motel~------(l0----'1 39.6 39.1 38.4 38.4 :l~. n 3&. 5 40.3 40. tl 39.2 Lnnwlr!e~. cli':lning and dyeing plrmts.rJo ____ 38,8 38. g :J8. 4 3~. 3\1.5 1 4 39. G 39. I an. o 39.1 ~.~I :;~:I ~; Avt'rng-P W('<'klv grn~s ('~:rnings pt'r produetion I workt'r on r),1yroll~ of nowu.:rir. estah.:t i A1l manufuctnring ('~;tahHslnnentst ~-- ____ dollars __ i 92.34 96.56 9X. Ul \17. 41 \Ji. :20 9S. 0~1 \17. 8() ~!9. 23 100. 37 1!9. 23 98. 4:' iiiO. 53 100.531 100.85 I, 10~. Gf. 101.05 Dura~lle trood:""' in(1Hstrfes ______do ____ l 100.35 10-t 70 107 . .03 105. 8:.! 1()(\, ~3 10fi. 4:J 100.37 108. 3{) 10\J. 82 108. ov 107. 01 109. 45 HI\!. 71 I 110. 1. no 110.02 Ordn~mr·c- and acrPssorir-.; ______(}Q ___ _ 1 oo J' u 113. 29 no. :n 120. 10 11H. ti'i 119. ti.1 llS. 2lJ \1.5. 14 117. G7 liS. 2-l 117.74 119. :u 121.111 1:21.13 1rl:20.36 r}~2.fit) 121. 47 Lumber "nd wood produrts ______<]o ___ _ 70.83 /0.20 7B. ·JO 77. 00 77. :!:2 77.81 7:3. 41 1'0. GO 82. G2 82.42 8-l. 45 tiG. 50 8:i. G~ • 82. 97 I • 83. GO 80.91 Fnrnltur<' and fixtnres ______do____ 76.40 7\i. 37 'I. 5S 79. Oll ~9. 19 7~.1H 78. 01 79.60 81.39 81.19 83.:!0 84.03 84. 03 83. 43 I . s.5. 26 products ______95.24 so.r.o Storw, clay, nnct gh;ss do____ 9S. 57 97. k4 07.36 97. ;)t) 9!>. 47 101.11 103. 07 104.41 104. :J3 104. 3:J 101..\0 105. G7 10~{. 75 lr 100.83 99.40 Prlmnry ml'tal Industries .. _------___ .do.___ 114. 84 11\l. so 120.39 121). 80 1:2:2.:21 1:1~. ~n 1:!7. 8.:2 1~7. :3Cl 129.55 125. 77 123.02 1:2;), 73 U:.!. 41 123.42 I Ull. 07 125.07

Fa~Jrimterl metal products ______f]o ____ 100.85 104.81 106. 3(1 10fi. 5'2 105.01 w:,_ n7 104. 75 lOS. 32 lOS. 8-l 107. 53 108.3:2 JlO. 20 100.93 , 109. 5G I. 110. 77 108.92 1\ftH~~l!twrv ______flo ____ 101. 4:2 na. 01 114. 53 114. 40 114. k2 115. 51 ( 113. >i5 115.79 ll7. 04 115. 51 115. :!3 117. 32 117.04 117.&8 :ri~0.9S 120.13 'Eleetrica!"equlprJwnt and suppllee_. _ .. do____ 94. 47.i 97.44 100. 21 97.93 OS. 011 H7.bt I 90.~7 98. 74 9\1. ss 98.89 D8. i'-l 100.53 100.28 'lOU. CO [>lw. CG 100. 65 1'r[1nsporhtion equipnwnt______do ____ 113.40 1 1 12:?. 22 129. 73 12·1. 74 : I2a. 14 123. 1'5 1 121.54 125. 7tl 12G. HO 12.1. 58 121. 5s I 127.80 1a1. 52 1132. ns I. 134.23 130.71 lnstr'JTl)('ntsand !\'1alrd nrocluct~------do ____ l 91"5.87! 99 80 101. 52 !19. '8 1111.18 !Ol. IS 9(1. 14 ltl(l. 94 101.84 100. g4 102.75 1 102.16 I\Ih:cellnn~-.·ons mf~. industrir~ .. do ____ , 75. ~4 J 78. 21 B(J. 19 7\J. 5k ~0. 19 kU. ::W iU. 17 79.40 80. 19 illlS ~n:~~! xo. 60 ~U3 i'!~n~ ~-!~~:~~ 81.74 r ll<~vised. t, Pn•liminarv. a Arerage for 11 nwnth~. t See con·espowliitg note, bot tom p. S-13. ¥Includes data for industries not shown lw·lude:-; Post Officp ('!llfJiO\('{'S 11in·d for Uu' <'ltril'tmas Sl'U:son; tht·n· \\'l'fi' al>•mt 14-t,UGO separately. ~Except eating and clr:nli:ing places. snch t>Illl•lo\"e('S in thl' 1 'nit(·d Sbtt'~ in f)(-('. l!lf0 nnd lfl5,flfl0 ill l)p(·. Hlfi'2. :! Bast'd on unad.iu~ti!d ;lilta. SliRVEY OF CURREXT BUSIXESS S-15

1!161- 1-1!)62 1962 l%3 ]!)fi-1 Unless otherwise stated. statistics through 1962 -- and descriptive notes are shown in the 1963 ~lonthl> edition of BUSINESS STATISTICS Dec. ~hil~~T;c~~-r~:~~-r~~~;-1--}1 ay I Jtm~T_J_t_Jl-,--·-_-i>_u_g__ -,1-s-,·-pt-.~--~ ~.::.- I -~~ ;~;~~~- 1 aYerrtgP / ~-----~----~--~------~ K\IPLOYl\IENT AND POPULATION-Continued HOURS AND EARNINGS-Continued I AvPrage wrrkly j!ro:::s earninvs pf'r produrtion worker on payrolls of nona!:!riP. C'~tnh. t-Con. I All mnnufneturin

Papcrnnrl allieil prodncts ______do ___ _ 99. 45 10~. 00 104.43 103.21 102.97 104.13 102.24 101. 55 I Jnli.:ZJ 1 lOll. 82 107. 32 108.43 108. ·13 '107. 43 lOS. 11 }()(i. 77 Printin!!, pul)lishinJ!, nnd a1llrd inrl ____ do ___ _ 101i. 05 107. C2 109.24 107. 16 lOR. 211 110.21 1()8.117 110. 71 I 110. 6ll 110.02 111. :n 112. 71 111. i-1 ··no. 7~ '114. :.!.i 11].:_:,·, C'bernicals a nil allierl prorluets_ . ______ilo ___ _ 106.81 109. \)8 112. 17 Ill. 10 110. ~3 111. :n 113. 40 1E59 llil. 42 i ll'l.l18 113.01 114.13 113. 85 113. 8!i rJH . .'\:! ]l,r-;,1\.i Prtrolf'Um rflf1nim~ nnrl relntf'd ind _____ rlo ___ _ 124.31 126. R8 126.99 130. (l2 126.36 128. 61 133. ii 131. 57 J:n 2.\ I t:l3. 98 1:!0.21 134.20 131.77 rJa:!.3f) r };):!. !"J/ I:J:l.lli RubbPr anil misc. plastic products _____ ilo ___ _ 96. 1.\ 100.04 10!. 76 100.37 G9. BH 100.12 98. 2.1 100.53 ' 100.04 100. xr. 102.1i7 1111. \)3 ··10:2. ~~ r]Ofl. OS 1o:!. tn Leather and leather rrodncts ______do ___ _ 62.83 64.67 6fl.05 65.60 64. 70 64. [;8 62. 13 cu· -o 1 66.12 Gi. 41 Gi.13 1]7. 66 Oil. 5() r nn. 45 tiU. l:! ~~. ~~ I ) .I I Nonmannfaeturlng establlshments:t 106. 92 110. 70 111.66 111. fi(i 112. 48 110. \)7 112. 7.5 117. s:; ]112. or. 117.111 110. 7fi IJ:·L \IU llli. OJi Mining<;>Metal mlnlng ___ ------do ______x il I 1118. HJ IX 12:us ]:!•i. ss 1:?:2.1t l!S. 1~1. (',); I' 117. !I.J I Crude petroleum and natural gas ______do ___ _ 105. 7.\ 109.20 111.61 110. ou 110. 51 110. 77 111. 4!5 110.62 I 1l3.3!i! IU.3fi 113. 3:! 11:). ti7 113.0!) I li::L 10 iJ:·).:_J[j

Contmrt construction ____ ------_____ do ___ _ 118. OR 122. 47 11X. 67 121.07 122. 72 124. 58 1:!~. OG ! 12\1. 791130. \Ill 132.70 132.90 1:ll.ll' 1·12.;_;;); ]:!;). :~:! 0f•nrrnl hnildinp· ron _do ___ _ 108.83 112 ..\() !IX. ;,g ' 1211.1\2 1:?1. fJ~ rJlfl ..~)a tractors_------108. 55 111.11 10R.H5 113. 34 Jlli. S4 lli. S.\ 1:!:!.0:! 1 2l.OP 11ti. HI Heavy construction_------___ do ___ _ 120.09 122.31 112.00 115. 82 110.70 117. 30 1:?2. 3fi l2f:. ~If\ I 132. 1:3 I 1:r;. 22 !37. 03 131\.,,1 1:1S. ti5 1:!"1. 01l 11ti.S;) Special trade contractors __ ------_____ do .. __ 123.44 128. 50 127.40 128. 47 125.93 130. 31 131. 40 134.67 l:l.l. i5113G. 14 137. :!5 1:li.fi-l 13!1. 49 J:l1.3S l:ll. ~;l Trnnsportatlon and public ntllltiPs: I Local and snhnrhan transportation ____ do __ _ 9R. 24 100.11 100.01 98.83 100.32 9\172 100.38 102. 4R I 103. ()3 I 103. 09 Jll:l. 2R 102.30 102.4S 1•102-41 101. r.s ~fotorfrc!ght tmnspnrtatlon and storagp_do __ _ IOR. 5x 113.30 115. 23 111.93 il4. 39 11-t })!) 11.\. 3G m. 31 I 119. i\ 120. 12 1:,?0.13 117. :!f) 119. :m Tel<' phone communication ______do ___ _ 93.38 98.95 101.35 911.94 101. on 100 ..18 911.114 101.24 ' n~. s~ 1 ;,;ug 10:!.:?fi 10.1.30 105. 0~ r 1 Oti. OS w:~. n:! Electrle, gas, and sanlt.ary services. ___ .do_. __ 11~. 07 116. 85 120. 77 119. Hl 119. r.o 119.02 119.31 119.721 121 42 i 121. \3 121. -!2 12:l. 37 ·~:::. ~'l 112:'. i!) J~·L 11:2 Wholesale and retail trade------__ do ___ _ 72. 5f) 75. OR 75.47 70.03 i!i. 03 76. 42 /A. f\2 77.39 1 78. 191 78. 79 7K 79 78.30 77 ~~ ,;. 7[1 17. so Wholesale trade._------_ do __ _ 93. 5G 96. 2:? 98. 74 117.36 97.93 98 ..18 9S. f1~ 99. 471' 1 vn. 72 1011.(\\1 lr 101.-1:1 Retall tradcL ------____ do .. M.01 65.95 66.29 !iG. 93 Gti. 7fi 66. 75 Gi. 48 61. tiS g2• ~~ I ~~. ~~ GV.30 Go. G1 1g~ .. g;~ 1g~: i~ GS. ·10

Finnnr(\ insurance, and real nstatr: I I Tlank!ng ______------.do ___ _ ~M n.~ nw ~~ ~-w ~-~ ~~ uwl H 40 ! 74.77 74.40 75. H 74. fl7 ifi. 35 7:). fl~ Insnranrr rarrifnL ______------_do __ _ ~n ~~ ~M ~M MOO ~TI ~« ~M 9G. 13 90. G5 96. GG 9G. 72 9G. i9 ,. U!i. SG Ul. ii7 SPrvlPPS and mfscrlianrous: Hotels, tourist courts, and motels _____ .do ___ _ 45.14 46. 14 47.23 46.85 47. 2:l 40.85 46.08 47.86 47.36 47. 9() 48.31 4R 22 ·1S. 09 r 47. i·:z 47. no Laundries, cleanlnr and dyelnR plants_ .do ___ _ 411.28 50.57 50.57 50. 69 50.04 50.95 51.40 52.54 52.67 52.00 51.48 52.00 51.87 r 51. \1!) ra. V\) Average hourly gross earnings per production workrr on payrolls ofnonagrfr. Pstnh.:t All manufacturing establtshmentsf______dollars __ 2. 32 2. 39 2. 42 2. 43 2. 43 2. 44 2. 44 2. 4,5 2. 46 2. 451 2. 43 2. 47 2. -!7 2. 49 '2 . .11 Excluding- overtlmeci' ------______do ___ _ 2. 2.1 2. 31 2. 34 2. 3.1 2. 35 2. 3ti 2. 37 2. 37 2. 37 2. 37 2. 3S ~- 40 2. 41 DurablP goods lndustrles ______

Fabricated metal products ______do ___ _ 2. 49 2. 55 2. 58 2. 58 2. 58 2. 59 2. 58 2. 61 2. n1 2. 61 2. fil 2. 03 2. 63 r:2.fH I :!.()f) Machinery ______------______do ___ _ 2. 62 2. 71 2. 74 2. 75 2. 7ti 2. 77 '2. 7.5 '2. 77 2. 78 2. 77 '2. 77 2. 80 2.80 :z. S:! T :!. ~4 Electrical e~nlpment and supplies _____ do ___ _ 2.35 2. 40 2. 4!\ 2. 43 2. 44 2. 44 2. 44 2. 45 2. 46 2. 46 '2. 4fi 2. 47 I 2. 47 :!. 411 r 2. 51 Transportation equipment\' ______do ___ _ 2. 80 2. 91 3. 01 ~. \)7 2. 96 2. 97 '2. !:)5 2. g~ 3. 00 2. 99 :!. HR 3.05 3. n~ 3.10 r a.1o Motor vehicles and eqnlpment.______flo ___ _ 2. 86 2. 99 3. 11 3. 05 3. 04 3. 04 3. 03 3. Oli 3. 07 3. 05 3.01 3. ]j 3. 1S r a. :!1 T 3. :1t Alrcrnft and parts ______do ___ _ 2. 77 2. ~7 2. 93 2. H2 2. 92 2. !l1 2. VO 2. 92 2. !14 2. 95 2. DG 2. H\J 2. gg 3. Oil ':l.m Instrnmrnts anrl rrlnttld prorluct~------do ___ _ 2. 38 2. 44 2. 47 2. 4G 2. 48 2. 4S 2. 40 2. 48 2. ,jg 2. 48 2. 49 2. 511 ' 2. f,i) r :2. 51 :z. 51 Miscellaneous mfg. lndustrles ______do ___ _ 1. 92 1. 97 2. 02 2. 0:3 2. 03 2. 03 2. 03 2. 01 2. 02 2. 02 2.00 2. U2 I 2.113 r :!. 05 ;- 2. 07

Nonrlurable goods industries ______do ___ _ 2.11 2.16 2.19 2. 20 2.19 2. 20 2.21 2. 21 2. 22 2. 22 2. 21 2. 24 2. '.?3 2. :2A 2. :zr; Exclurllng overtlmeci' ______do ___ _ 2.05 2. 09 2.12 2.13 2.1:l 2. 13 2. 14 2.14 2. 14 2. 15 2.1:l 2.11\ 2.1ti :2. 17 r:!.l!l Food and kindred products ______ilo ___ _ 2.17 2. 24 2. 28 2.:20 2.31 2. 31 2. 31 2.32 2. 31 2. 31 :2.:27 2. 311 2. ~9 1. 34 :!.:{!) Tohacco manufactnrC's ___ ----- ______

Printing, publishing, and allied inrL ... do ___ _ 2. 75 2. 81 2. 83 2. 82 2. 81 2. 87 2. 86 2. 87 2. 89 2. 88 2.89 2. 92 ' 2. !ll r 2. 90 ::. i):~ "') Chemicals anrl allied proclucts ______rlo ___ _ 2. 58 2. fi5 2. 69 2. fi9 2. (l\) 2. fJ\J 2. 70 2. 70 2 . '" 2. 74 2. 73 2. 75 2. 75 :!. 75 r ~. l!i Petroleum refining and related ind _____ do ___ _ 3. 01 3.05 3. on :l.14 3. 1:' 3.10 3.17 :1.14 3. ],) 3. Hi 3.13 3.18 :J.lll :J.1U I r;).:!l Petroleum refining ______..do ___ _ 3.16 3. 19 3. 20 3. 29 3. 2() 3. 30 3. 34 I 3. 31 :;. 33 3. 3-1 3.31 3. :;5 3. :;:l :l.31i 1 ':J. :l7 Rubber and misc. plastic products _____ do ___ _ 2.38 2. 44 2. 47 2. 41j 2. 40 2. 41) 2. 45 2. 45 2. ·17 2.47 ' 2. 4t\ 2. 48 2. 4S , 2. ,;1 I Leather and leather prodncts ______,1o ___ _ 1. 68 1.72 I. 73 1. 74 !. 73 I. 75 1. 75 !. 76 1. 7li 1.741 I. 76 1. 7U 1. 7!:) 1. 7D 1. /\) Nonmanufacturing establishments:t :\-lining I' __ ------do ___ _ 2. 64 2. 70 2. 73 2. 73 2. 75 2. 74 2. 73 2. 73 2. iH 2.12 I 2. 74 2. 78 i 2. 7() 2. 7fi Metal mining ______flo ___ _ 2. 74 2. 83 2. 85 2. 84 2. 85 2. 88 2. 88 2. 85 2. 85 ~.RR 2.111 I :?. 92 rz.m Coal mining ______(lo ___ _ 3. 09 a 3. 09 3. 11 3. 08 3. 11 3.10 3. 0!1 3.10 3. II 2~8[11 3. 11 3. !.\ ! :l.U '3. 12 Crurle petroleum and natural gas ______flo ___ _ 2. 53 2. 60 2. 6~ '2. f\4 2. 65 2. 05 2.ll6 2. 64 2.1181 2. ()5 ~. (j!i 2. ill 2. {)() r '2. (;:-; Contract construction ______do. __ _ 3. 20 3. 31 3. 41 :J. 42 3. 41 3. 39 3. 34 3. 37 3. :;s 3. 42 3. 47 :l. 47 >:J. 4.\ GC'ncral building contractors ______do ___ _ 3. 04 3.11, 3. 25 3. 23 3. :?3 3. 22 3. 22 3. 21 ' ~. ~~ I :;. ~s 3. 33 :l. 34 :;. 3~ Heavy construction ____ ------______.flo ___ _ 2. 98 3. 02 :l. 06 3. 04 3. 00 3. 00 ~. ~~ I 3. 03 3. 08 3.131 3. 15 3.1U 3.18 3.10 Special trade contractors ______rJo ___ _ 3. 41 3. 54 3. 66 3. 05 3.02 3. 64 3. 70 3. GS 3. 64 3. 64 3. 60 I 3. 63 3. GG 3. 70 Transportation and public utilities: Local and suhurhan transportation _____ do ___ _ 2. 29 2. 35 2. :l7 2. 37 2. 40 2_ 38 2.39 2. 40 2. 41 2. 42 2.43 2. 43 2. 44 2. 45 2. 4:1 Motor freight transportation and storage_do ___ _ 2. fil 2. 73 2. 77 2. 75 2. 79 2. 79 2. 80 2. 82 2. 81 2. 85 2. s:; 2. 81i ' 2. 84 :?. 84 2. R7 'T'nlephone communication .. ______do ___ _ 2. 37 2. 48 2. 54 2. 53 2. 54 2. 54 2. 53 2. 55 2. 55 2. 54 2. 5.1 2.110 I 2. f>O r '1. ()O :z. nl Electrie, gas anrl sanitary SE'rviecs ____ ._do ___ _ 2. 74 2. 85 2. Ul 2. 90 2. 91 2. 91 2. 91 2. 92 2. 91 2. 94 2. 94 2. 98 2. 97 2. 99 3. 01

Wholesale and retail trade ______do ___ _ 1. 87 1. 94 1. 94 1. 98 l. 98 1. 99 1. gg 2. 01 2.01 2. 01 2. 01 2.03 2.03 2. 03 2. 00 Wholesale trade ___ ------____ do ___ _ 2. 31 2. 37 2. 42 2. 41 2. 43 2. 44 2. 44 2. 45 2. ·IG 2. 44 2. 45 2. 48 2. 48 2. 4~) 2. 4R 1. 68 1. 74 1. 74 1. 78 78 1. 80 I. 81 1. 80 I. 82 1. 82 I. 83 1. so Retail trade§ ___ ------_____ do ___ _ 1. 78 1 1. 1. 79 I 1.80 Services and mi~crllaneons: Hotels, tourist courts, and motels. _____ do ___ _ 1.14 1.18 1. 23 1. 22 I 1. 231, 1. 22 1. 24 I. 23 1.19 1. 23 I. 23 r 1. 23 La•mdrlcs, cleaning and dyeing plants .. do ___ _ 1. 27 1. 30 1. 31 1. 32 ' 1. 31 I. 32 t~~ i 1. 33 1. 33 I i• 5~ l 1.32 I. 33 1. 33 1.34 r Revised. v Preliminary a AYcrage for 11 months. §Except eating and drinking shown separately. ci'Derivec! by assuming that overtime hours are paid at the rate or time places. tSee corresponding note, bottom p. S-13. >?Includes data for industries not and one-half. S-16 SURVEY OF CURRENT BUSIXESS Febrnnry 1fitH

1961 1962 1962 1963 Unless otherwise stated, statistics through 191i4 1%21 I ~-- --- and descriptive notes are shown in the 1%3 :\lont.lily edition of BUSINESS STATISTICS averag0 Dec. Jan. Feb. :V1ar. Apr. l\Iay June July Aug. I Sept. Oct. I ~ov. Dec. Jan. I I I I I I I I I I EMPLOYMENT AND POPULATION~Continucd

HOURS AND EARNINGS-Continued

1"1 i~ccllanron~ wag-es: I Construction wages (ENR): ~ I Common Jnhor ______$ per hr.. 2. 827 2. 946 2. Dll2 3.0Jl 3.011 3.014 3.016 3. 060 3. 072 Ski!lcrl lrthor ______do ___ _ I 3. 1021 3. 130 3. 130 3.130 3. 130 3. ]:J5 3.149 4.190 4. :l48 4. 421i 4. 447 4. 4o2 4. 1.14 4. 454 4. 480 4. 487 4 636 Farm, without hoard or rm., 1st of mo _____ do ___ _ 1. !19 11.01 l. 13 ·------1.11 \sri~ --~~~~~- --~--~=~- 4. ~g~ __ :~~~:- _4:~~1- 1.14 Hailronrl wagPs (a\'enwe, class l) ______flo ___ _ 2. 675 2. 740 2. 785 2.756 I 2. 815 2. 773 2. 756 2. 749 2. 785 Road-building, com. labor (qtrly.) ____ ..... do .... I 2. 14 I 2. 31 2. 29 ------2.18 2:/1~ 1--~~~~~- :::::::: ---2:45- :::::::: :::::::: LABOR CONDITIONS

Help-wanted ndvertising, seas. adj . ____ !957=100.. 85.9 100.1 \!5. 2 97.5 100 ..1 98.5 100.2 95.9 94. 7 96.2 94.0 92.9 99.6 !00. 3 p 103. 8 Lahor tnrnov€•r in manufacturing e~tfl h.: t Accc'Sion mte, totaL. mo. rate per 100 elllployees.. 4.1 4.1 2. 4 3. G 3. 3 3. 5 3. 9 4.0 4. 8 4. 3 4. 8 4. 8 '3. 9 p 2. 4 3. 8 3. 7 3. 9 3. 8 4.1 3. 8 3. 9 4. 0 3. 7 3. 9 '3. 9 p 3. 8 N~~~~~~~~~:~a_c:i_':~~~~::::::::::: :::::::::~]g: ::: ----~=~- ---- ~::s· 1.2 1.9 1.8 2. 0 2. 3 2. 5 :l. 3 2. 7 3. 2 3.1 2. 6 P].3 Separation rnte, totaL ______do____ 4. 0 4.1 3. 8 4. 0 ;1,2 3. 5 3.f\ 3. 6 3. 4 4.1 4. 7 4. 9 4.1 p 3. 5 3. 8 4. 0 3. 7 3. 8 4. 0 4.0 3.8 4.0 4. 2 3. 9 3. 7 p 3. !i . 8 1.1 1.0 1.2 1.3 1.4 1.4 2. 1 2. 4 1.5 P.S 2. 5 2. 2 £~trf~~~~~~~:a:~i:'~~~~~======:::::::::==~~:::= ---T~- ----r~- l.fi 1.7 1.6 1..5 1.4 2.01.41 1.9 1.8 1.9 p 2. 1 RrftSOllally nd.lnstNL______tlo ____ ------2. 0 2.0 1.8 1.8 1.8 1.8 1.7 1.9 2. 0 1.8 1.7 P].6 Industrial disputes (strikes and lookouts): neelnnln~ In month: Work stonpages ______nnmher.. 2"1 301 133 230 200 2'25 350 425 450 325 300 290 Workers lnvolverf ______thous.. 121 102 400 180 45 10 60 45 100 125 135 l15 75 100 95 70 In effect during month: 331 360 320 350 475 GOO 675 660 575 550 500 425 ~~~~~~~~"rtv"tJ~~-.1_-_-_-_-_-_-_-_-_-_-_~~---_-_-_-_-_-_-_~~u;~,~~== :::::::: ______146 185 120 90 1:30 165 19f) 220 185 !55 160 145 Man-days Idle during month ______do____ 1, 3ti0 1, 550 1.330 2, 340 1.100 l.llO 1, 050 1, 750 1, 740 2,060 I, 620 1.100 1. 500 1.40(1 EMPLOYMENT SERVICE AND UNEMPLOY­ MENTINSURANCE :"Jonfarm placements ______thous.. 492 560 434 423 496 581 612 577 572 611 664 662 493 432 Une1nployment insurance programs: 2 2 Insured unemployment, all pro~rnms ...... do ____ 2, 4'1 1,924 22,220 '2,777 22,725 2 2. 461 2 2,055 '1, 738 '1, 568 2 1, 606 2 1, 531 2 I, 372 2 I, 445 2 I. 6Gi 2 2.122 Statr nrogrnms: Initial claims ______ifo____ I, Mil I. 309 I. 747 2,102 1.30R I, 127 1. 216 I, 079 973 1,3.11 1. OS6 957 1. 157 1, 200 l.R\\5 Insured unemployment, weekly av_g ___ do____ 2, 290 1, 783 2. 063 2,.->tll 2, 546 2, 2\18 1, 918 I,G24 I, 468 1.493 1. 419 1.261 1, 333 I. 542 1. 9i:? Percent of covered employment:ci' Dnadinsteil______5. 6 4. 4 5.1 1\.3 6. 2 .1. 6 4. 7 3.9 3. 5 3. 6 3. 4 3. 0 3.1 3. (\ 4. 7 S!ra<:

BANKING Open market paper outstanding-, end of mo.: I I 3 2, 6f'31 3 2, 650 2, 5931 Rankers' ncceptanreR--- ·------______mil.$ __ 2, 650 2, .165 I 2, 589 2. 658 2,1\96 2, 697 2, 712 2. 6441 2, 709 2, 7331 2, 7441 2. 890 Commercial and finanrr co. paprr, totaL ___ do ___ _ 3 4, m,n 3 6. ooo 6. 000 6, 790 li, 7. OiG 7,38~ 1 nun I 7. 542 7, 2:l9 7,522 7. 808 7, 161 7, 8tiil 8. 170 6. i47 Placerl through dealers ______rlo ___ _ 31,711 :>2,0RR 2, ORR 2, 0111 2, JP:l 2, 2()(' 2, 20,1 2,084 2, 049 2,059 2. 062 2. 008 2, 230 2, 172 I, 92>! Placed directly (finance pauer). ______do ___ _ 3;!,975 33,912 3, 912 4. 699 4,803 4, 810 5.178 5. 458 5.190 5,463 5, 746 5.ncn 5, 639 5, 998 4. 819 Agricultural loans and discounts oufstanoing of agencies supervised by the Farm Credit Adm.: Total, end of mo ______mil. $ .. 3 5, 277 3 5, 753 5,835 .5, 926 6, 024 6,143 6, 229 6, 326 6, 408 6, 428 f\, 430 6,418 6, 366 6, 403 Farm mortgage loans: Federal land hanks ______do ___ _ 3 2,828 3 3,0!i2 3,052 3, 0(;9 3, 0~9 3, 118 3,147 3,176 3,198 3, 218 3, 240 :1.259 3. 280 3, 291 3 3. 310 Loans to cooperattves ______do ... . 3 697 73;) 735 777 I 775 761 745 i02 701 711 70tl 73.) 848 858 k40 Other loans and dlscounts ______do ... . a I, 752 a 1, 9G6 1, 966 I. 989 2, Oli2 2, 146 2, 251 2,351 2. 427 2, 479 2. 482 2, 43ti 2, 21•0 2, 217 2, 253 Bank ilehlts: Unarljusted: Total (344 centcrsl------bll. $ .. 2,\D. 3 28G. 4 320. u 325.8 274.5 30fl. 8 307.8 318.0 299. (\ 320.7 300.1 310.4 337.1 296.6 3."16. 9 New York Clty ______ifo ... . 106.6 118. 0 141.u 137.2 116. 6 133.0 12ti. H 133. 1 125.0 129.9 119. 5 I:lO. 3 136. 9 116. 7 151.0 6 other leading centers, ______...... do ... . iii. g 58.5 63.7 66.3 .55. 2 62 ..I 64.2 1\4.4 61.7 66.8 61.9 63.1 71.3 63.8 74.6 Seasonnlly adjusted: 306.4 307.1 301.5 303.6 308.2 309.0 297.0 320.0 310.3 32'J. 7 326. 7 312. 7 332.8 128. \) Tn~~\t~r'tCI~w~: :: ======~g:::: :::: ==:: :::::::: 134.2 128. 1 127. 7 125.0 129.8 121.5 130.3 127.8 140.1 133. 7 125.4 139. (i 6 other ler,d!ng centers, ______.clo ____ ------f:O. 9 02.8 61.2 61. fl ti3. g (i2, 1 61.6 66.9 63.3 67.0 r,g_ 4 67. 3 r 70.0 337 other centers ______do .... ------111.3 116. 2 112. 6 113.0 119.3 117. 1 113. 9 122.8 119.2 122.6 123.6 120.0 123.5 Federal Reserve banks, condition, end of mo.: Assets, total11------mll. $ •. 3 G4,329 3 56,020 56,020 53,872 .54,614 53,9~l5 .\4.612 54,207 55,314 55,594 55,042 55,615 56,336 57,848 58,028 56,389

Reserve hank credit outstanding, total\1.do .... 3 31. 3f\2 3 33, 9~~ 33,902 31,9.19 32, 6DQ 51'5 32, 825 32, 808 33, 804 33, 946 34, 134 34, 302 34, 587 35.919 36,418 34.643 Discounts and advances ______do____ 3 130 132. 3 :l8 R7 20\J 201 15:J 208 Oil 3:l8 389 1:Js 332 868 03 364 U.S. Government securities------do ____ 1 28. 881 330,820 30. 8~0 30. 21l!l 30. 586 30, 9il3 31.182 31, 254 32,027 32. 468 32,391 32, !i63 32, 7!i8 33,667 3 3 33, .51!3 32. 752 Gold certificate reserves ______.do .... W, 615 15,696 15, (j(;fi 1.),6GO 15, 595 15. 606 15. 595 15, 524 15. 457 15.346 15,291 15,309 15, 310 15, 294 15. 237 15.231 1 3 Liabilities, total<;!------__ ------.do ____ · 54, 32H 5G. (120 5C,020 ;)3, 872 ,14. 614 .13, g:J5 54. (;]2 54, 207 55. 314 5,), 594 55, 042 5.5, 615 56, 336 57, 848 58,028 56.389 Deposits, total<;! ------do .... '18. 4!i1 3J8, 722 18.722 17.~l8~l 1".2(\') 18. 041\ 18. 222 17, .173 18. 188 18. 044 1- 860 18, 093 18. 187 18,200 3 3 18.391 18.Dl MembPr-hank reserve balanres ...... do ____ 17,387 17,454 17.4-04 w. 748 16.904 lf\,,)74 I 16,9(}5 16,9/1 78:? 16.9.52 1 3 I G. G441 !G. Siil_l 16: 11\.772116. 922 17. 04!l Hi.%3 Federal Reserve notes In clrculatton ...... do .... 29,305 30,643 30. f>43 2U. 841\ 29. 8G' 29. 934 I 3o, mo 30, 303130. G70 I 3Q, 9.19 31, 17R 31, 265 31. 472 32, 290 32,877 :Jl. 988 Ratio of gold certificate reserves to deposit and 1! 1 FR note !labilities comblned ______percent._ 3 34.8 1 '31. 8 31.8 32. 7 32. 4 : 32. 5 l 32. 3 I 32. 4 31.6 1 31.3 I 31.2 :n. o 3o. s 30.3 I 29.7 30.4 r RPvisrd. p Prr1iminnry. 1 Quarterly avr•me:e. tSee eorrcsponding note, bottom p. S-13. §'Ya::.>·es as of Fl'h. 1, 196-t: Common labor, 2 Exclndt)s person::; undr·r extrwJt•d duration provisions (tlwus.): 1902-Der., 3; 19G3-Jan., $3.157; skilkrllahor, $4.640. 1; Feb., 2; l\far., 4; Apr., 34: l\I ay, 60; June, 60; July, 45; .Aug., 38; Sept., 36; Oct., 31; )Jov., 20; d'Insurcd unemployment as 7o of avera~e covered employment in a 12-mouth period. Dec., ~. 3 End of ypar. ,Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. <;!Includes data not shown separately. SURVEY OF CURRENT BUSINESS S-17

1961 1 1962 1962 1963 1964 Unless otherwise stated, statistics through 19621 and descriptive notes are shown in the 1963 End of year Dec. May Dec. Jfm. edition of BUSINESS STATISTICS Jan. I Feb. I Mar. I Apr. ! June I July I Aug. I Sept. I Oct. I Xov. I 1 FINANCE-Continued

BANKING-Continued I i All member banl,s of Federal Reserve System, . averages of dmly figures: I Rc>crvc> held, totn!______nul. $ __ ,1 10. 118 120. 040 20.040 20.035 19. 581 119. 516 19.574 19.670 : 19.735120.017 19.721 19, 945 20, 004 20. 11 !l '20, 7:10 20,ii74 Rcquire2 90, 700 ! 95, 172 \JO, 17G 95.198 (12, 818 88,012 95. 237 90. 875 !)3, 771 rl(H,:UI) 90. 22·1 Individuals, partnerships, and corp ....do .... 70, 118 71, fi3l 71.531 fiil,n11 fi5, 8:~4 65, 00.~ 67.004 ~~4. '2ti0 65. 724 (ili, 795 64, 024 tit\,3:!0 67. 3~2 ti9, 001 r H, .1ti G7, f\Ofl Rtates and political subdivisions. ______do____ 5, 002 5, 12ii 5. 12fJ 5, 004 5, 329 4, 772 fi. 0U3 5,:19~ 4. 9\l~ 4, 9118 4, 715 4, 902 4. 762 5. Ot\0 r 5, :nK 4, \12fi U.R. flovernmcnt. ______do____ 4, 033 4, 74\l 4, 740 2, ifiO 4, 254 :), 684 4, 927 i 4 ..)37 fi. 897 4. 920 3. 759 f\, 229 2. 304 :2, 714 r 1. fi,)(i 1. !;45 Domestic commercial banks ______do ____ ~1~. 41.5 14,321 14,321 11.010 11, 07f\ 12.072 11.414. 10. 1.1a II. !J95 10.874 10,710 1:2,270 11. 402 11, 5li~) r 1:3, :120 !0, 73\1 50.38fi 51.302 52.150 53. H' 53. 751 .14 •.:>;3S : 54.910 55, 581 56 306 5(), 711 .;7, !i.l3 ,17. 951 r 59, 227 110, 27() Tifn:li,tf,l;~~ls, pa.-t1l.~~s"hirs:;;;;,i"corii.-=---do. ---1 41. r.o3 5o. 386 I , • d · :lo. 22.1 34 920 31. (120 3.1, ll3 ;)[), 426 35. 1Jt1fi . :1.1. B21 :).\,04~ 3I1, 518 36.741 1 36. 8\JG 37. 342 37. !\31 :q, (HI9 r >!8, 08:~ 38,131 ~1);~~~;j;.;,c,~::::::::::::::::::::::::::dg::::l ii. \145 Q: 221 H. 221 n. :)42 9, !)~8 10.447 til. n;,; 11. I7.1 11. c34 11. (i\11 112.181 12.1113 12. fi3~1 1:2.796 r 1:3, ::no 14, O:i7 Lonns (ndjnstecl), totaiJ' ______do ____ i 74,285 S2,947 1\:2, qtj 7\),.lfl7 R0.672 st. nn s:2. 111)1 : .S:?. :2~0 84.:l1 i 84. 384 I s4. soz 87. 31)1) Sf>. 5!18 HS, fi7S r 92, DOl sn. 122 Comnwi·dal and IndustriaL ______do ___ -I 32, 797 35, 351 3;1. ;).~1 :l4. 2!10 34, .5!'-1 3fi.~~.1G 1 85. 3:r;- : :1s. ons 3,1. 3\ll :l5, 0!4 35.204 31\, J.!5 36, 206 :n. 2:;1 r;iS, /();i :37, lW) For purf'haslng or carrvlng securltlcs _____ cto ___ _I 4, 705 5, 92S 5. 1):?8 4, 550 f 5, 332 4. n:-1 .1. fi44 i 4. n:H .;, :lo9 5, 328 I 5, 044 I 1), 2:29 !i. 407 .1, 8[)2 r (i, i\21 ;,, H20 To non hank financial instltutlons ______c}o ____ j 6,159 7. 36D 7. 3G.I r•. 434 ri ••111 (), fl!~i I fi ';"(1:) ' I\ t1,"a 7. :lOti 7, 62! i 7, 447 7. 731 7. 213 7. :!:!t\ r 8, ;i\1!) 7,:139 neal estate lonns ______(]o ____ l 13,403 15. !il9 I fl. 51D 18, fi2fi 15, i68 l(i, ~:!fl . 11. o:m 1 17.269 17.4-15 17. fi;)l 17. R-i(i 17, 8Sil II' ~)\j] Other lonns ______do ____ \ 21. 194 22. ~12 22.812 22.8fll 22,f\14 ~;: ~~i I ~~: ~~~ ~~: .~i~ 22. 74a I 23. zs3 . n. 4\ln 23, ti-!7 2L 097 :?4, 874 r2:.L ).\{l\1 24, f\0() InYrstmrnts, toLl I ______rlo ____ l !ii.01iD -!'(Hi 4R, 141 47.9:~-t 47,672 41. ilS.~ -t7 q•,(j 47, ,)fi:~ n.mn -17,001 46,fi:?4 -17. (;IS 17. l'i6 4fi, 7:.?0 48. Jil-l 1 1 ·Hi, 74() U.K flo\rnlmrn·t-~bllgntions, totaL _____ cto ____ : 33. w:o 32, :~m1 :):2, ~l(){J :H.\J~fi 31.446 :W. S;)j 3!1, ~~;~I :.!\1. 9(i() ~~~. 789 :1 ~9. mJn 27. 683 :!S. 3()7 :27, 9\10 27, !-j:!O 2H. 01X 27. 7;)H ""{otps nnd honds ______do ____ l2!i. IJO\J 2-i. ftl4 24, .114 2-L 423 24,002 2·1, 3<~j 24. 311 24. 04 ~ :?4. 2f·3 i 23. 801 23, 724 23.4011 23. J.Vl :?3. 32S 2:3. 121 22, ~~ti2 Ot.her scf'urltfos ______d0 ____ 12. 10\J L~. 778 15, 77f. ].\ 94S 1fi, 220 lfl, '-12"( 17. 24il r-.. ~\11 18.2112 I 18.5112 1I 1~.941 HI. 2.11 1\1. 1Il6 18. 7\!4 ]~1, ;jg(', lS, Ut'7 I I I Commercial bank credit (last W rd. of mo., except j forJnnr30nnr1 i)f'r.3lralldatcs),seaR.arljnste0: 1 241.11 214.0 2·-lfi. :{ 245. R Total loans nnd hil. 1 22S. I ~28. 9 2:32.3 23.'\ 0 2~~~. 5 ::2~14.~ 21 o. 31 ,,r s I 238.5 240.; investrnentso ______~--1 i~I: ~ ~~1:} lcl:ll.3 14X. 8 lf,O. fi 151.3 134. 7 134.7 136.8 : 137.8 J;J;_ j 1:3~. ~· 1-H. s I i42: 4 j 142. 5 14.1. 0 llO. 2 f\ll. K llO.B f•\i. s 1)-1:.3 64.6 6~,. 4 1 Ofi. 7 f\0. ~~ f4. 2 n1i. o. 1 n2. 4'I fl"2. 1 t\1. 7 2\l.l 20. 6 30.1 I an. 1 ;n. 2 31. "1 33 9 34.0 34 . .5 34.4 34. \1 34. 7 g~~~;~~~~~,;~~~l:t:~~~~~~t!~~::::::::::::::~~====l ~t ~ ~~: ~ 32.51 3:l0 ! :\foney and interest rates:§ I Hank ratf'S on short-term business loans: In 19 ritirs ______percenL_ 2 4. 97 '5. 00 5. 02 I :,_on .). 00 ------~ 5.01 I '"· 01 ------New York Olty.. ______do ____ '4. 76 2 4. 78 4. 78 -!. . 04 5. 2!) 11 southern nnrl western cities.------.. do __ -- 1 '5. 28 '5. :l2 5. 33 ::::::::::::::::~ 5. an H! I' ' : - 3.10 Dlsronnt rate, end of y<'ar or month (:-J.Y.F.n. I ~~ 1:::~:~~~=1' nnnk)------______percent-- 3. 00 3. 00 3. oo 3. no 3. 00 3. <]0 3. on 3 .00 l 3 ..so 3. 50 a. !lO 3. 50 3 4. S:l Frflr.rnl intPrmodintl~ credit bank loans _____ do ___ _ -t 05 4. 14 .j_ 15 4. 14 4. 09 4. 10 4. ()!! 4. 44 !-.on 1 4. -?I Federnlinnd bank loans ______clo __ __ 3 .1). 5(\ 5. 52 5. 50 5. 50 ,), 50 .i ..10 :\ :iO uz ~ u~ ;~~ 5. 50 ,_ 51I 5. DO 5. ;j() Ilonw mortg-fHr(' ratrs (convcntionrd l~t mort- i gngrs): * NPw hom<' pnrclw.sr (U.R. nvg.) ______prrcenL_ ------5. 90 5. 90 5. 02 5. 88 .5. 8tl 5. 84 5. R2 5. 82 5. 82 5. 82 5. 81 l X" I .5.?'2 !l. so 5. nR Exi~ting hnmr purchase (U.S. avg.) ______do ____ ------6. 06 6. OG G. 05 6. 05 r,_ 04 ,j_ 99 5. !15 .5. 94 i1 5. 93 5. 93 ,), 94 5 \131 '"- \17 Open market rates, : Bankers' neccptanc<'S (prime, 90 rtays) ___ do____ 3 2. ~I 3 3.01 3. 00 3. 07 3. 13 3. !3 ' 3.13 3 .z1 I 3. 11 3. 59 3. 63 3.113 3. 71 :l.l\3 Commercial paper (prime. 4-6 mon thsl __ cto__ __ '2. 97 3 3. 26 3_ 29 3. 34 3. 25 3. :j.! ' 3. 32 3 .38 [ 3. 49 3. 72 3. HS :3. ()(} Finanee Co. paperplared directly, 3-6 mo do____ : ~: ~~ 3 3.07 3.16 3.18 ~- 13 3.17 3.21 ! 3. 35 3. 57 3. (i3 p~ I ~-~~ 3. 84 j 4. 50 ~tork ExchangP rallloans, going rate _____ (!o ___ _ 34.50 4. 50 4. 50 4. 50 ~: 1~ ! 4. 50 4 .!io I 4. r,o 4. so 4. 50 £ii l5f\ Yield on 1:.8. flovernment securities (taxable): l I ~-month bills (rate on new lssue) ____ pereent. _ 3 2. 37R 32. TiK 2. 85G 2. 914 2. 916 2. '4\17 i '2. ~j(lf) '2. ~~:?() 2.995 l 3. 143 3. 320 3. 37\1 :J. 4.131 3. 522 3. 523 3. ;)2\) 3-!l yrar fssnps --- ______do.-- -I .1 3. no 3 3. 57 3. 44 :1.47 3. 48 3. if) 3. 5G 3. !>7 3 .m I 3. 78 3. s1 3. 8S 3. HI , 3. 07 4. 04 -!.Oil I Ravings deposits, balance to credit of depositors: I , , .. ' :\ Y. Rtatrsaviiii'S hnnks,cnllof\'l'.ormo_ mil. $ __ ,22,3,, 23. 917 2:5, Dl7 23. 993 24, 103 24. 436 24.3liU 24, 7t}3 ! 2"1. 777 24,8{)2 2.5.154 2.5, 236 l :.?S, 3t).'-l 25. mm 25, \).1() 522 !)};"'; 461 45Ii 452 539 539 531 499 478 472 466 447 U .fl. postal;:)v~:~~;~~--~~~~-;,;~------do____ !>51 4841 (Short- and Intermediate-term) I Total outstanding. cn 51,718 52,257 52,GU5 53,74.5 A utomohile paper ______------_____ .do. __ _ 17. 223 19,540 1\1,540 19,582 19,678 W.f/30 :20, 3i() 20, 79-l 21.236 21. 593 21.819 21,725 21. 971 I 22. 101 22, lllO Other consumer g-0ods paper______.___ do ___ _ ll. ~57 12. 505 12,1\115 12.453 12.250 12,149 12, 197 1'2, '2T! 12, 459 12, 1)07 12, 70:! 12, ~45 13. 01r. 13, 7f'l!1 Repair and modernization loans. ______do ___ _ 3,191 3, 21I1 3.246 3, 18.5 3, 177 3. 2no 3. 245 1~: ~~i 3, 3Hl 3,357 3. 377 3. 400 3. 407 :l, 3XH Prrsonal loans._ ------do ___ _ 11, :?51) 12,(\43 12, li43 ~~:~n 12. 739 12.819 13. (I33 13,!73 13,368 13, 526 13,743 13.914 14, OH 14. 13!\ 14, 31Jl By type of holder: Financial institutions, total ______do ___ _ 37.935 41. 7~2 -n. 7:";:2 4 2, 335 42,371 42, ,)31 -13,1-Hi -13 723 44.373 44. 878 45. :l7.5 45, 687 tfi, 1111 4H, -1fi2 -41), U92 Commercial hanks ______----- ___ do ___ _ 17.011~ 19.005 19,005 19,129 19,256 l!l, 450 19.882 :.w: 2:2n 20, ()02 20,874 21, Hll 21. 3\ll 21. 4~1\ 21, lilO Sa!rs finance companies------do __ __ 11.273 U.!V4 12.194 12, tifi8 12,5511 12, 4I\0 1:!, 50!i 12. 5S3 12. li93 12, 807 12, 9flf\ n:M~ 13,1871 13.302 \3,1i23 C'redi t unions ______.do. __ _ 4, 330 4, 902 4. 902 4. 3r.4 4, ~76 4. 9:?~ 5, 034 5.139 5. 251 5,330 5, 412 5, 458 5, .529 5, ,)(\\) 5, f\22 Consumer finn nee compnnieS------d0---- 3, 799 4.131 4.131 4,134 4,13S 4.139 4, 174 ·1.191 4. 241 4, 27() 4,32~ 4, 381 4. 425 4, 4\il 4, 590 0 ther ______do. __ _ 1. 52.) 1. 551! 1, 5.50 1,540 1, .545 I. .154 1. 553 1. 581 I. .58(\ 1, 591 I. 627 1, f\30 1. n29 l.fiH 1, (i47 Retail outlets, totaL ______do ____ 5, 595 n. '252 G, 252 5. 585 5, 4~1 5. !i44 5. il57 5. 7tH 5. 934 o,mn 6,151 1>,031 0.09!) G, 233 (), 753 I lrpartmen t stores ___ ------______.do ___ _ 2. 421 3.013 3, 013 2, 478 2, 480 2, 51ili 2.1'•S\i 2. 797 2. 925 2, 999 3.107 3.025 3,077 3. 172 3, 427 Furniture stores_ ------do ___ _ 1. 058 l, 073 1. 073 1,().!9 1, 0:!7 1.002 HH2 9tH 997 994 1,004 1,009 l, 015 1,032 l.llXIi Automobile dealers. ______do __ __ 34:! 3-15 345 308 2SS 315 :3:!4 31\1 331 343 341 321 325 321i :l2S 1 1. 77.t l.b21 1, ii2l 1. 750 1. nsn 1,!\()1 1. ii55 I. h5l l,l\81 1. r.so 1, (i\)9 1, ()711 1, il79 l, 703 1,912 N o~in~t~~;~~~~ ~-~;;~;;,· ;;;~;--~~~~~~~~~~~~~~~:~~~:I 14.151 15,130 15,130 14, 542 14,137 14,074 lt3•il 14,1151 14,1\80 14.597 14,782 14,820 14,831 15,051 16, 14[) Smgle-pa' n:ent loans, totaL ______do ____ 5,131) 5,45I1 5. 456 5, 430 I .5. 479 5. 53\J .1 5112 5. fi7i 5, 709 5,683 5, 789 5,844 5, 830 5,8\14 5, 95\1 Comtw'rcial banks ______do ___ _ 4, 413 4, 090 4,1390 4, 685 4. 713 -l. 7'27 4. 793 i. '3ti 1.893 4, 874 4, 879 4, 927 4, 9,12 4,\187 5,047 Other financial institutions. ______do .... 1 723 7()f, 7Gfl 745 71\li 812 7ti9 S3S 81f> 809 910 917 878 907 912 r Revisetl, \! Ineludi'S

======~----- 1963 Unless othE"rwise stated, statistics through 1962 1961 I' 1%21t9621 _- -~-~-;;~ nnd descriptive notes are shown in the 196~ I1------;ont~ --- - -~----,----~-- I <>dition of BUSINESS STATISTICS ayer~g-e nee. .T;tTL ' FPh. , :\far. Apr. :\fay .TunP ! .Tuly Aug. Oct. l n.-.v- -.Tan~ ------I I FI~ANCE-Continued

CONSUMER CREDITt-Continued i I 'J'otnl outstanding:, end of year or month-Con. I >'\oninstnllmcnt credit-Continued I i Charg-e accounts, totai______mil. $ .... 5, 324 5, OX4 ,\_1),. .~.Oil 4 . .011 4. 374 4.. 1~1 4. 793 4 ,1.S-~s I 4. /(i() 4. 830 4, 833 4, 8981 4. 99\) . i), R71 Department stores ______do ___ _ .~f \!48 ~l2i 927 71 11-Hi .1-Si G03 [;JO MW I 5.~.1) .~79 62() fi3H 6tj7 S~Ki Other retail outlets ______rlo ___ _ 3,\107 4, 2.>2 4. 25:! 3,Wl2 3. 3/fi 3.3os 1 3, .10.1 3, t)IJ\) 3. tiS\1 I 3, HS2 3. 713 3, ti07 3, 743 3.817 -1. -t5(i Credit carrls ______do ___ _ 4i\9 50.> !i05 49-1 41'9 479 ' 473 4S4 li23 M7 .54fl 516 1 520 4\151 515 I Service credit ______... do .... 3, 091 3. D90 3. fl\)(l 4. 041 4, 147 4.1G! 4, 218 4,184 18~ 4.1.\4 4. 4. !54 4,143 4,103 4.11i81 -l. 3lfl Installment <•red it extended and repaid: TJnaOl 4, (jll) 4, 399 4. 778 4, GIO 4, 563 4, 948 4. 543 4, 924 I. 454 l, 5S2 1.441 1, 53.\ 1. fi2(j 1,1149 1. 525 I. 698 I. 613 1, 618 1, 794 I. .198 1, (ij,) orh~:.":Ons~~~~';oodsiiaper~~:::::::::d~:::: I. 187 I. 24.> I. 239 l. 340 1. 242 I. 339 I. 307 1.311 I. 200 1.3.\fj 1, 308 1, 289 1.404 1.316 I. 374 All other. ------do____ I, 41.> 1, 517 l. ()75 l, 577 1. 41lS 1. H05 1, GGS 1, fl5() 1, ()]4 1. 724 I. <189 I, 6.50 1. 750 1. 629 l. 87-~ Seasonally adjusted: 4. S211 4. 899 4, !1.17 4, 973 5, 008 4, 985 5. 054 5,1011 .5, HIO 5, OD3 5, 311 4. 979 ~. 27'2 E~~~,~~;;,~hW!a~;.r,-ei-·_-_·:~~:::::::::::::: ::gg:::: :::::::: ::::---- 1. 73fl !, 807 1. son 1, 8ll I. 870 1, 847 1. 820 I. 804 1, R02 1. 730 I. 910 1. 79:2 1. 914 Other consumer goods paper______do ____ ------I. 41.1 1. 31l0 1,39/1 1. 406 1.359 I. 3.17 1, 408 1,40(! I. 441 1,425 1, 457 I. 43~ I, 5'23 All other------do ____ ------1, fi72 1. 732 1. 7.\3 1. 75o I. 779 1. 7Rl I. 82fi I. ~37 I, 857 1. (!38 1, 944 I. 755 I. 83F. 4. 341 ·1, 414 4. 4G2 4, 40G 4, 487 4.-'44 4 ••\f>8 4 .•591 4. 619 4, 752 4. 780 4. 591\ 4. 812 Rep,~~~;,t~~~l~fiilrei--_~::=:=: :: =::::::=::: :~g==:: ::::::: =:::::::: l.liOfl J. 504 I 1.. ~(if) 1, 5lll I. 5S5 I, flll 1. .ISR 1. 603 1. fiOi 1. fi.l9 tl\76 1. G:J~ 1. 707 Other consumer goods paper______do____ ------1. 262 1. 2771 1. 2~!1 I. 324 1. 276 1, 291 I. 317 1. 330 I. 32G I, 347 1,362 I. 324 1. 3S4 All other______do ____ ------I. .>70 1. 573 ' 1, fif)7 I. G2fi 1, 626 I, 639 I. f1()3 l. fi,\8 I. 68f\ 1, 74fl 1, 742 1. fJ34 1. 721 I FEDERAL GOVERNMENT FINANCE i i Net cash transactions with the puhllc:d" 1 I 8,161 8,R52 9. 548 n. 2831 10. 3;j(l 11.,145 7.218 I 11.323 13. 9SO 4. 693 10,960 11.6.121 4.4231 9, 617 110. ;i03 ~~~~:~~t:rfo!ll_-~ ~::: :: =: =:::::: =~::::: =~ =:: ~~~-- ~: = 8, 728 9, 32D 9. 43() 8. 818 8. 779 ~- 922 9. 6t39 9. 989 9. 4 72 10. 04.\ 11, 287 9, 549 10, 740 Excess of receipts, or payments (-) ______do ___ _ -567 -477 112 -z. 535 I I. ,170 2. 622 -2. 421 I. 334 4. 508 - .1. 353 -328 2, 102 1-6,318 ~m 1 lO.~~~ Sensonal!y adjusted quarterly totals: I 27.800 ~------28.700 i ------~------~~~~~ts-_~::::::::::::::::::::::=:::::::~~:::: =:::=:=: =::=:=:: ~~:~gg ::::::::!:==:::::1 ~~:i~~ 28, zoo -~~------30.400 ------)------Excess of receipts, or payments (-) ______do ____ ------2.100 -400 ------1.700 ------i------1 -900 ~------~------Budget receipts and expenditures: I ! 8,333 8, DR3 9,5fi3 6. 28.1 I w. P\17113, 093 8, 544 II, 132 13. 991> I 4. 871 9. 977 11, 'i22 4,371 I 8, 911 I 10,379 6, 513 7,009 8. 360 5 •.133 I 7. 305 9. 663 5, 735 6, 953 7. 2!)0 10,095 12, om I' 3. 547 3,400 I 7, )g~ i 8. 803 R~~~~~1~~.~~e!~::~:::::::::::::::::::::::~~:::: 88 103 94 80 I 1o3 101 110 106 ' !!5 117 108 104 123 !O:J Indi>'idualincome taxes ______rlo .... 3, 933 4. 340 3.537 3.fl31) ! 6. 2061 3, 927 5, 344 6. 2\13 5, 305 . 1. 676 5. 785 5, 350 1, (),jl 5, 541 ! 3. 582 Corporation income taxes. ______do ___ _ 1, 7()6 I, 821 3, 4.\0 5171 422 6, 081 551 443 5, 511 574 386 3, 603 557 396 3. 72tl Employment taxes ______do ___ _ 1,039 1.108 O:i:? 429 2. 5f!G 1, 428 940 2. 664 1, 340 537 2. 064 1. 098 468 1,440 1.147 Other internal revenue and receipts ______do ___ _ 1, 508 1. 612 1.820 I. t123 1' 671 1' 550 1, 598 1, 626 I, 745 1. 9fl7 1. 633 I. 567 1, ti71 1. 428 1, 820 Expenditures, total, ______----- ____ -----_ .do.. -_ 7,039 7. 659 7. 572 8. 013 , D. 763 7, 806 7, 590 7, 470 7, 715 7.803 8. 305 7. 815 8, 776 7, 784 8. 289 Interest on puhllc deht ______do ___ _ 739 79(l 840 8os 1 .«09 s2.5 823 823 865 I 882 850 85G 865 903 Vetemns' serdces and henents ______do ___ _ 445 442 44.0 367 435 385 ! 468 4ofl 438 403 4.>5 4, 42.o ~~~ i National rlefense. ______------..do __ ._ 4,013 4. 3iS 4. ~~~ I 4. ftg 4. g~~ 4, 522 4, 4~8 4, 6161 4. 178 4.469 4. 215 4, 710 '4. 081 I r 4, 52~-< All other expenrllturrs ______do ___ _ 1, 895 2, 052 2.138 2. 21.1 I. 432 2, 056 1, 886 I, 727 I. 886 2. 579 2, 572 2. 334 2, 7.10 '2, 3Sfl I ' 2. 4:l4 Puhllc deht and gnaranteed oh!lg-ations: _ ; _ I 1 Gross deht (direct), end of mo., totaL _____ hll. $... 1 296 · 17 1303 4 303 47 303. 42 304. 64 ' 302. 99 303. 17 305. 20 305. 86 304. 84 306. 54 306. 64 306. 41 308. 22 ..309. ;J.>

Interest hearing, totaL ______rlo ____ ~ ~~~- ~g 1299.21 299,21 299.33 300.:17 20~. 9R 299.19 301.19 301.95 300.94 302.52 302. 66 302. 46 304.09 30.1. 21 304. 50 Pnh!lc issnes ______do ____ · J '255. 7S 255. 78 2ti';', 14 2.1)S.08 2;-·6. 77 257. 5R 257.62 2.17. 15 251. 21 257.01 258. 01 259.18 21\0. ii4 2fil. 51) 262. 58 1 Hel Guaranteed oh!lgatlons not owned hy U.S. 'J'reas- 1 l. 52 ury, end of month. ______hi!.$__ · 33 . 52 ..o3 I . 34 . 56 . 58 . 61 . 65 . 67 .69 .71 , 72 I . /fi U.R. savings honds: 1 • 1 Amount outstanding, end of month ______do ____ 47 · 39 l 47. 87 47. S7 47 fi? 4°. 11 4S. 21 48.29 48.40 48.47 48.. IS 48.70 48. 74 48.82 48.93 -!9.1H 4\1. ll Sales, series E and n ______do____ · ~ . 3G . 30 . 53 ' . 42 . ~~~ . 41 . 41 . 3:; . 41 . 40 . 35 . 3\l . 3:) .:3!\ 47 Redemptlons ______do____ · ' . 47 . 4() _f,f)' 4 . 10 . 40 . 4.5 . 41 . 40 ' '44 . 39 . 42 . 42 34 :3~1 ;J3 1 LIFE INSURANCE I Institute of Life Insurance: I Assets, total, all U.S.llfeinsurance companies " hi!, $ __ 112u. 82 133.19 133.2li 13!.01 134. 50 134.98 11ii. 61 136.24 136. 70 137. 13/ 13S. 36 13~. 76 139.1l1 140. 2! Bonds (hook value), domestic and foreign, I 1 6 1 na. 12 ()3. f;,fj M.44 D4. (i(i 64.72 64. \lj 65.17 65.23 ()5. 5:) 65. 72 G.\ 7D Ofi. OS on. 3r, I 6. 17 ;)l : j'Q I u 6. 17 n. fl. 24 6, 03 fl.(11 5. 85 5. o. 84 5. 81 1'. b2 5. o3 5. ~~~ t~tt&;;,;.;,:t1;n.;fi-t_====~=~~ =~~~=:=====~-~~--~:: 1' ~: i.~ 4, ()() ' State, county, mnnlcipal (U.S.) ______do____ 3. 89 l'l.o:J 4. 04 ·!.ox 4. Otl ·1.114 4. 00 3. v.s 3.£15 :l. 94 3. I'V 3. 8\~ 1 3. 89 Pnh!le ntlllt.y (TJ.S.) ______do ____ 16.22 l Hi. 51 Hl. 51 1~; . .14 Hi. :i4 16.54 10.:11 16. 52 16. 52 16. 49 ](), 49 !G. 46 Hi. 4i 11i, 4S 1 Rallroad (U.S.) ______do ____ l 3. !iS I 3. 4~ 3. ,St) :l. r,~ 3. ii4 3. 53 3 . .52 ;), [11 3. 50 3. 48 3. 48 :). "17 3. 41l 3. 4.1 Industrial and miscellaneous (U.S.) ____ do____ '26. 91 1 :28. C4 2.':.\. [15 ::s. 82 2~. 98 29.18 2!). 44 29. 65 29. 77 30.07 30.23 30.33 31!. 62 30. \lb

Stocks (book value), domestic and foreignhl{t$!_ 1 _ ;;JJ. 4 8:27. (j S24. v . 79,. 3 7(-10. G 7U"' ..1 ~fiO. i 731. :J Dr:ltll payments ______llo______2:1s. 4 323.:2 35~.1 ~~~~u ..s 2 :l:J::. 3lil. 7 3!li". 1 3t.7. 1 :3'2!"1. 0 :3.12. 3 343 , 32t () 3ii~. 1 an;.,, -----1--·---- 1\1 '1tnred endowments ______------__ do __ - _I 5ll. n 5~'- ,~', IJ~i. :3 71. f) : DH.:! 72. :2 Ui. :~ ti\J. 4 05. ~J (j:~. 9 t\4. 7 1\3 . ..., 7tJ. li 1 -1 ' ti;'. ~ D!sah!Jity pnymcnts ______

UFE INSURANCE-Continued i Life Insurnnrr :\~Z21 1. :~fi2 2. 546 In clustrlnL .. _. ______. _•. _____ . ____ . _•. clo ... _ 583 !iS7 fi31 514 t>67 S88 I 1)32 1)3~-j ! 58~ 5.17 57H 588 o311 5!12 .r,z;{ I I f'r(•minms rollrctcd: I To tall ife insurancf' premiums ______do ___ _ 1, 001 I. 052 I, 234 l,l.SO 1.03~ I. 130 1,09() ].Qr,r, 1.0()2 Ordinary ______do ___ _ 1.120 I 1.0721 1.127 1,127 1. 142 7:l5 iiS 832 R72 771) 850 B2~ 840 1 81! I '~ 1tifl i 1.\!1 I Inn 174 lliO !fiR 147 120 120 232 113 104 104 10.1 114 . 1112 ' lOR lOG !Oii lOR 105 MONETARY STATISTICS I I I I Oold nno silver: I Golo: 1 Monetary stock, U.S. (end of yr. ormo.).mll. $ .. 16, 889 t 15,978 15,978 15. 92~ 1!\, 878 1.1. 878 15.877 I 1.1. 797 15. 733 ! !5, fl33 15. 582 Jfi, 51'211.\. 583 1.1. 582 15,513 15 ..\13 Net release from earmark~------.do____ -5 -66 -20 -8\J -47 48 -271 -m -39 1 -169 -H -3 1117 -23 \14 6 31.747 45,093 16. 975 45.021 36 ! 338 140 15 189 sa 56. 2Sfi 2~. I :lU 28.416 28.142 f~~~~i~:~~~~ ~ ~~ ~ ~~ ~~~~~ ~~~~ ~ ~~~~~~=~~-t-~~~~--~~~ !: ~~~ 12,578 so. 442 2,976 2. 021 I, 842 ! I. 382 ! 9, 140 2. OGZ I 9. 769 7, 51\6 1. 321 1, i4\l 2.11\14 2.489 ProOO ------~------1 ------~-- Silver: Exports ______do .... 3, !54 I, 262 Tmports ______do ___ _ 3, 350 2, 571 3,0S6 1, 642 3. 327 2. 711 I 2. 618 2(\5 1. 624 2. 945 5, l[,r, 11. 439 3. 780 3, 78(1 ' 6, 208 a 5. 270 4. 299 5, 187 7, 500 4. fiOfl 6. 527 G, 8.14 6, 013 4. 8fi5 6. 798 7. 178 4. o.\8 6. 433 Prke at New York ______dol. per fine oz .. . 924 3 1. 084 1.199 1. 244 I. 25C 1.m 1.~ ~~ 1m 1m 1.m 1.~ 1.293 1.293 I 1.2\13 I. 293 Production: ______thous. fine oz .. 2, 615 2. 55fl 2. 713 2. 289 2,233 2. 575 i 2. 393 2. 672 1 2. 389 2. :!1" I 2. 908 2. 285 2. 7118 2. 887 M rxlro... ____ ...... ---- __ . _____ . ___ .. cto. __ _ 3,362 3. 437 3. 662 3, 241 3. 604 3. 446 . 3. 009 3. 3.11 ' 3. 1!15 3, 587 3. 3511 3. 24fl 2. 542 3. 489 I·.-- United Rtntes. __ . __ .-. --... ___ ---.----.cto. ___ '2. 908 3, 764 4, 545 4. 722 4.13.1 4, 18fl 4. 103 4. 28t1 i 3. 340 3. 806 3. 328 3. 707 ' 3. 218 3. 6S2 3 ..193 1 Currency In circulation, end of yr. or mo ....bll. $.. 33.9 '35. 3 3.>. 3 34. I 34.3 U5 U6 ~.1 M5 M7 MS MD 36.2 37.2 37. 7 Money supply anct rrlatcrt data (avg. of dally fig.): Unad.iusted for seas. variation: Total money snpply ______bll. $ •• '143. 2 1 '146. 0 !51. 6 Iii!. 8 148.3 147.4 140.5 147.3 i 148.2 149.4 149. l leo. fi ' J,\2 ..1 ' !54. 8 1.~/. 4 !.OS. II Currency out"ldc banks ______do .. .. '29. 1 '30.1 31.2 30. !5 30. [J 30.8 30. II 31. I ' 31.4 31.8 31. !) 32.0 :l:!.l 32.6 33. I Demand oeposlts .. ______do ... . :>2.4 '114.0 '115. 9 120.4 121.3 117.8 116.7 118. G !Ill. 2 I 116. 7 117.6 117.2 11'. fi r U0.4 r 1:2:.!.:2 '124. 3 12.1. (i '78.5 'f'ime deposits adjusted'------do .. .. '91. 0 96.6 98. 4 99. g 101.7 102. g Io4.o 1 105. r 106.0 107.3 108. I 1119.3 110.0 'llll. 8 112. !J U.S. Oovernment deposlts ______do .. .. '4.8 56.0 5. f) 4. 8 !).fi 5. 9 ·1. 2 7.0 ) 7. 4 7. 7 6. 2 G. 5 '5. 2 '4. 3 '5.1 4.1 Actjnstrct for seas. variation: I Totnl money supply ______do ____ ------147.9 148.7 148.6 148.9 140. 4 ! 149.4 14!l. 8 lfiO. i !50. 5 1.10. \) '15:2. 1 '153. 4 '!53. 5 1714.8 Currency outside banks ______do __ __ 30.6 30.7 30. !! 31.1 31.2 31.6 31.6 31.8 'll.8 (I Demand ileposlts. ______cto __ __ 31.3 32. :;::. 3 32.4 :l2. 5 117.3 118. I 117. 7 117.8 11~. 2 118. I 118.2 11!1.1 118.8 119. 1 1211. I ' 121. I ' 121. I 122.3 Time deposits adjusted, ------do.... 97.5 9U. 1 100.3 101.8 102. n 103. 7 104.5 105. s lOG. 7 107.1\ 108.9 110.7 ,-111.8 113. 7 Turnover of dcmanil deposits except Interbank and U.i<. Oovt .. annual rates, seas. adjusted: Total (~44 crntrrs) ....ratloofctehlts to deposits .. 38.2 41. 5 44.2 43 .•I 43.6 43.9 4!. 3 I 44.2 42.5 45.8 44. g 46.8 -16.2 43.6 41\. :J 70.0 77.8 88.9 83.7 84.6 85.8 82.2 85.0 79.3 85.1 88. y 96. g 87.2 ~0. 7 8!1.0 ~~tJ;e;~~~~~~~~~~~:~:==~==~~~=~=~=~~~~==~~:~:: 36.9 41.2 43.4 44.1 42. 7 43.1 44.2 43.1 42.8 4!i.8 41. 2 46. 7 48.4 41>.0 47.5 ~37 26.2 other reporting centers ______do __ __ 27.7 27.7 28.8 28.3 28.3 2\l.6 2~l. 1 28 I an. 3 2tJ ..5 29.9 30.1 2\l. 0 2\l. 8 PROFITS AND DIVIDENDS (QTRI,Y.) I I I i Manufacturing corps. (Fed. Trade anct SEC'): I ' Net profit after taxes, all !ndustr!es...... mll. $ .. ~ 3, 828 64.430 4. 837 ------4,024 i 5. 213 4 7R5 I I Foocl nn1l kindred products ______. __ rlo __ __ 6 331 6 342 857 279 ;______l ______------356 ------...... Textile mill products______.do__ __ '70 6 88 j(l', ------1\4 90 1------J,nmhrr ano wood proctucts (except furniture) ------mil.$ .. e 28 6 41 3fi -----··------27 Papt'r a no alllco proctncts ______do __ __ '146 81fi7 101 ------123 ]~~ ~~~=~:::: :::::::: Chrmfcals anti,~ ------511 :H I P('trolrnm rrftnfnl! ______Oo ___ _ 6 772 6 .":09 Wi,') ~::; 1 ------911 ' I !-14 ------2,202 II•••••••• Efi'Ctric ntllltlcs, profits after taxes (Federal Rc- 1 SNV<') __ .. __ ...... ------··. ----•••••.••mfl. $ .• '471 6 .113 fiOS ------626 Transpm'fat.lon and communications (see pp, S-23 ------1------! 4~!8 ------~------2,::: 1::::::::1:::::::::.:_: ... : and 8-21). i 1 1 I I SECURITIES ISSUED I 1 I I I ! I ernrith•s nnrl Exchange Commission: Estimated gross proceeds, totaL .•.••.•••• rnll. $ .. 2, 958 2,498 2, 14!1 2, 708 2,1fiG 2.830 2, 927 2. 783 5. (154 2,osn By tYP<' of spcnrlty: 2.010 1,673 i. 2.\177 1. 2.1171 2. :1!2 Bonds and notes, totaL_ -----~------do ___ _ 2,648 2, 352 2,1125 2, (it)() 2. 07~ 2. 740 2. 711 2. (iS7 4. 9·~2 I. \1.'9 1. 910 1, 5R6 I r 2. : r 1. \1,')8 ! 2. :!:2\l Corporate_------· ______do. __ .. 785 7M 9,,~:! 1.072 5H:3 .148 1, 273 832 l.2H 1. l:l3 710 CSl; 7~'"1 I r UH:.! ' r 7::i:.! I l, 07t) Common stock _____ ------______do ___ _ 273 110 fl,\ II 77 74 l'rcf<'rrcd stock ______. ______..... do. __ _ lUI i iS 75 li~ (il 81 I !II I J~(j I ;,:; 37 36 5\1 30 17 17 2li 17 38 35 39 5 r :1:1- • r ;,4 ;-{(I 1 r Hevised. End of year. 2 Estimated; excln

1961 1962 1962 1963 1964 Unless otherwise staled, statistics through 1962 I and descriptive notes are shown in the 1963 --- edition of BUSINESS STATISTICS Monthly Dec. .Tan. Feb. Apr . average I I Mar., "Ylay I .Tune I July Aug. I Sept. I Oct. I NO\', I Dec. Jan. ! I I I FINANCE-Continued SECURITIES ISSUED-Continued i I Securities and Exchange Commlsslon-Contlnuerl 1 Estimated gross proceeds-Continued 'i B'" tYpe oflssuer: I I "corporate, total 9 ______.mil.$.. 897 1, 197 fi95 642 1. 363 1. 049 I. 340 810 786 871 '1. 116 '891 ! l. 459 f,30 i Manufacturing...... ------.do.... 1, ~~~ \i 274 381 142 228 151\ 248 330 279 287 T 24:7 I T 2:!t) i 531 Rxtrnctlve (mining) .. __ .------.do... . 22 19 !i1 17 24 ll 16 3 I.:~~ I. 4 13 6 '18! r 17 i 2 Pnhllc utility ______do.. .. 253 237 280 181 147 llll 434 283 191 124 79 T 278 I r 17.\ i 203

Railroad ______. __ .... _.... __ . __ -----.. do ... . 15 20 37 29 14 43 11 84 77 21) 8 51 17 '1 r 2i ! 4-~ 1 100 PIS 1:.?7 r.n 4o 72 3.57 fHi 92 97 40 '411 rlt) 6.1 C'ommnnlrntlon .... ____ . ·------.do.... 1521 1 Financial nnd real estate ______.. do... . 190 155 2ti.1 94 ll4 2!11 274 221i 28.5 93 191 358 r 4,1:) r 3-!5 c12t3 1 Non corporate, total\? ______do ____ I 1. so2 1 I. 600 2. m:J 1 ..112:1 I. 4f\7 I. 879 I. -!43 3. 808 1. 270 1. 22-i on2 r 1. 861 1 1. 22fi U.R. GovrrnmC'nt _____ ------·-- _____ cto __ ~_ 1. 021 . 716 774 42o 3!lf> 711) 4119 2. 252 413 39S 347 3\J-l 3:J:l I' tate ancl municipaL ...... ______.. 7 : "2.'):2 I RrtirPmPnt of ~rruritiC's ______clo ____ : 7.1 G:J :205 10+ 4HJ · 217 121 f\7 ' 'f;l Othrr pnrposes ______! no ____ 06 121 180"' .:;;s 118 74 z:m R9 n;; i r 21:! ~.::tntr :-tn(l mnnirip:ll issnrs (Honrl Bny£>r): j J,ong-t,~rm __ ------______rlo ____ ! 71~1 .1.t7 ~J99 902 I 1. 072 726 452 !0\Jwrt-term ...... ____ . ______do.... ' 3\17 3.\1 30-1 206 !i44 5(ii 283 ' SECURITY MARKETS Brokers' Balances (N.Y.S.E. Members f'nrrying Margin Accounts)

-10.1 414 422 3m1 41:) 41S 407 423 401~ 4:ll -!:::~ 47~ .jf.J 4. 140 4. 236 4. 3[>.5 4. 3.\8 -:~ ..~.~a 4. /f;:? 4. o:m 4. !l20 0. il:ii s, a5n 0. f",2-t 5. H:?l 5 ..~()] 1. 211] 1.1U9 1.191 1, 175 1. 201 1. lf)f. 1. !49 1.121\ 1.on 1.!BO l. 176 1.211 1. 21;2 2. ~~() 2. 927 3. 094 3,192 :). 272 3. 6~s 3. 9.13 3. 86.1 3. H.Sfl 4. 10!! 4. 2!i1 4. 485 -t. -I/!) nonds Prier:;:;: Stnndnrrl & Poor's Corporntion: Jnrlnstrinl. utility, nn

U.S. 'l'rrnsury honcls, taxnhle , ______f!o __ __l ~7 ..\5 ~fi. 'H 87. 9G 87. :l3 87.1Ii 86.63 80.66 86.30 86. 16 86. 4.5 85. 77 R,i 50 i 85. 03 I '-·LG-1 ~flk,':: ! Total, owl. 1.'.8. Government bonds (SEC): I A 11 registered exchan~es: i Mnrket val!Ie. ______mil. $ .. IGS. 56 144. 1-t !27. 40 128.43 1!1. 87 100.04 1:W.Oo 151.22 126 . .55 110. 30 128. 9!i 120. SG 131. 47 162. 77 Fare vnlt!e ______do .... 162. S2 3:'2. 41 1 148.83 132. on 132.21 12fi. 08 108.50 139. 12 !.51. 22 127.69 11:3. 84 I:W. 99 113.87 121.30 15~. 36 240 ..1.~ NP'v York Rtock Exehang-e: i 1\lnrket value. ______flo ____ I 11\3. 71> 13S. 80 122. O!J 123. 21) J07.R9 95.1if\ 1:13.30 142.52 1Hl.4>' 110. 37 123.41 113. 14 122.60 15 05 14~ 27 12!l. 99 120,. 26 121. Gt 102.80 t::.2. 71 142. fll 122.35 109. 00 ll G. 29 107. ?fl IH33 New ~~~~ ~~~i~~k-E~~~,-;;-ng;;·;,;;;,ii"Isi;;.--O"i~~;r;;·l u. stopped sales, fare value, totaL ______mJI. $ __ , 136.34 121.21 lOS. D7 117.64 107. 97 91. 3!' 124.31 126. 28 1()4. 25 95. 87 I 106. 74 94.41 10/.tH Yields: ' Domcsti? corporate (Moody's) ______percent --1 4. fiC, 4.112 4. 52 I. 49 1. 48 4. 47 4. 47 4. 47 4. 47 4. 49 4. RO 4. 52 4. 02 ny rntmgs: <\an do .t . .35 '4. :l3 4. 24 4. 21 4. 19 4. 19 4. 21 4. .:?2 4. 23 4. :?6 4. 2\l 4.• ~1 4. 32 4. 47 4. :Js 4. 37 4. 3tl 4. 34 4. :J.i 4. !)fi 4. 36 4. 3() 4. 40 4. 41 4. 43 4. !),') 4 ..\4 4. 48 4. 46 4. 4.5 4. 46 4. 4<' I. 4.1 4.47 4.4S 4. 50 4. !i1 ~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I t~~ .'1. 02 4.\J:! 4. 91 4. "tl 4. R~ 4. S7 4. 84 4. 84 4. 83 4. 84 4. 83 By .~ronp~: I 4 '" 4. 41 .J. 40 ClR 4. 37 4. 3S 4. 40 4. 40 4.43 I 4.45 4. 4G 4. 47 1 4. f,l ,j_ 38 4. (:7 ~~~~i~~r~~'llii(v: :::::::::::::::::::::::: :~1~: ::: 4. 41 4. 38 4. 0U 4. 41l 4. 4:! I 4.42 4. 44 4. -!4 Ra ilroarl ______. __ . ___ .do .. _. 4. >\(\ -L 7tl 4. 72 4.1)9 4. fi5 4. r,:J 4. 61 4. (i:! 4. 03 4. fiE1 4.(i(i Domfl'~tif' municipal: nond nuyer (20 honcls)______do .... 3. ·1li 3.14 3. 08 3. IS 3.12 3. 06 3. 11 :J.]f: 3. 22 3.12 3.15 3. 19 3. 2-1 Standarcl & Poor's Corp. (15 honds) ______do .. __ 3. 4G 3. IS :; l2 3.12 3. 1S 3. 11 3. 11 3.15 3. 27 3. 29 3. 2:? 3. 27 3. 32

U.S. Treasury boncls, taxableO ______do .... 3. 90 3. nr. 3. 87 3. 88 3. 92 3. U:3 3. \.17 3. 97 4.00 4. 01 3. 99 4. 04 4. 10 -!. 1\ 4. 15 Stocks Cash dividend payments publicly reported: [ I Total dividend payments ______mil. $ •. 1214, 104 121.).07tJ ~.968.2 1,09.'~.9 ,\20.1 j2. lli4. 1 I. 03S. 5 409. 7 321. 081. 5 454.3 230." 480. 7 ':l. :JJii. 7 I. 187. ;)

Finance ______cJo ____ ll 2, !f;O 2 275.3 1'<1. 81 1\)7. 0 203.3 02.2 197. 1 220. i 96.0 233.1 124. : 4-!9.:! 311;). I l\fnnufncturing ______do ____ 2 7, 34n ~ 316.9 130. g 1. 388. 1 353.3 14.'•.0 54G. 4 3ri5. ,1 170.1 4oo. o lfifl.fi :z, Hi.t.~ 346. 2 J\fining ___ ------do ____ . 2 54-t 14.6 2.6 1]2.4 13. 9 4 . .:i ll2. 2 1.5. 5 2. 8 110. () 3. 4 1<5. 1 1K 1 Public utilities: I Communlcatlons ______r]o ____ 2!, 2o3 21.411 117. 4 236.2 2 ..5 117. 7 239.6 3. 6 102. k 258.4 3. 0 120.1 244. 5 :1.2 12-±. 2 2!7. () Rlectric and gas ______do ____ 'l.ll\12 2 1. ii.3 207.8 126.7 12.\. 2 20'<. 3 131.0 127.8 212.2 133.9 131.9 215.1 134. g 130.:- 2lfi. ·"' I:l5. ll 2 3.13 77. 1 31.6 8. 6 ,\5 5 20.2 Ei. 5 59. 2 1(). i TrncteR::tilroacts ______------do____ cto____ 2 :~fltl57.1:-1 8. I .5G. 4 21.2 n. 2 87. fi 26. 4 2 z non 66.2 79. 6 4\). 9 fl4. G 60.2 22.4 61.3 64.2 32.2 n2. 1 62. 9 30. 4 li2. 4 90.2 11i~rt?llrmeons ______cto____ 2 1H5 2 201 35. 9 18.0 9. f) 30. 5 17.0 8. 7 29.9 16.6 9. 6 27.8 17.5 10.4 :ll3. (i 19 ..\ Dividend rates and priceR, common stocks (Moody's): Divirlenr!s per share, annual rate (200 stocks) do11ars __ .5. 70 5. 99 (). 1~1 6. 21 6. 22 6. 24 6. 26 !l. 40 6. 40 6. 41 6. 41 1). 41 "·51 A. SO ti. .,;.,:! 6. 89 In :i. Sfi .1. 8,() T!. ;;;,() .1. ;-<;t) I Price per shnre, end of mo. (200 stocks)~ ...do .... ! 185.66 177. 8 7 182. 43 191.25 18.\. 31 191.72 2111.112 204-. 2i"J 198.62 198.29 207.81 20fl. 58 211.7.,1 ~lO.t.; 222. -~~ Imlnstrial (125 stocks) ______cto ____ i !99. 90 i 18£1.95 W4.@ 20-l. 07 19t1. 71 204.\14 2lli. 41 22141 214. 45 214. 19 225. 11 223. t)~l 2:?8. 70 , 234. \W 241. :l8 Public utility (24 stocks) ______cJo ____ / 90.55 ; 91.50 U6. 49 102. 52 101. 40 102.94 Hl.3. 80 102. 10 102.44 107 ..57 105. 14 100. 82 102. 31 !03. 69 Rnilroad (25 stocks) ______do ___ _ 99. "' 68.26 ' 63.39 GS. 04 71. 41 70.90 72.32 77. 98 82.1l8 82.42 78.81 82.73 79. 11 '80. f),~ r ~I. 01) 84. Sl ' Rn·ised. I End of year. ' Annual total. ,Prices are derived from average yields on basis of an assumed 3 percent 20-year bond. 9 Includes data not shown separately. OF or bonds due or callable in 10 years or more. ci'Number of bonds represent number currently used; the change iu the number does not affect tbe continuity of series. FPhrnary ll)G4 SURVEY OF CURRENT BUSINESS S-21

1961 1 19621 1962 Unless otherwise stated, statistics through 1962 l-----.-----.-----.-----.----.----1-96·3-----.-----.-----.-----.-----.-----l 1964 and descriptive notes are shown in the 1963 Montw;-- edition of BUSINESS STATISTICS Dec. Jan. Feb. Mar. Apr. :\Iay Jnne .July Au!(. Sept. Oct. !\oL Dec. Jan. 1 average I I I I I I I I FINANCE-Continued

SECURITY MARKETS-Continued ( Stocks-Continued I I I Dividend ;-kids and earning<, common stocks (Moody's): I ! Yield (200 stocks)~ ______percent__ 3. 07 3. 37 3. 37 3. 25 3.36 3. 2.) 3.11 I 3.13 I 3. 22 I 3. 23 3.08 3.10 3. 03 3. 21 3. 1.) 3. 10 Industrial 112.5 stocks)______do____ 3. 04 3. 39 3. 41 3. 29 3.42 3. 2\) 3. 25 I 3. 25 3.10 3.12 3. 03 3. 23 3. I!\ 3. 12 Public utility (24 stocks) ______cto____ 3.10 3.121 u~: 3.25 3.18 2. 99 3.10 3. 01\ 3.07 3. 141 3.13 3.00 3.14 3. 22 3. 211 3~ ~.o 3. 21 Railroad (2.5 stocks) ______cto____ 4. 94 5. 30 5. 03 4. 79 4. 82 4. 73 4. 39 4. 21 4. 22 4. 42 4. 21 4.41 4. :J:l Bank (l!i stocks) ______do____ 3.18 3. 31 3. 27 3. 16 3.17 3. 1!1 3.15 1 3. 14 3. 22 3.12 3.02 3.12 ~:z~ ~ u~ n~ a. 1~ Insurance (10 stocksL ______do____ 2. 31 2. 48 2. 53 2. 41 2. 47 2. 45 2.42 2. 50 2. 5.5 I 2. 54 2. 48 :!. 57 2.52 2.61 2.57 2.. 52 Enrnings per share (in dust., qtrly. at ann. rate; puh. util. and RR.,for 12mo. ending each qtr.): I 1 Industrial (12,5 stocks)~~------~ dollars .. 19.61 111.10 13.00 11.25 ------12. 951------~------II. 00 Puhlic utility (24 stocks) ______do ___ _ '4.33 '4.73 4. 73 4. 87 ------4. 91 Railroad (2.5 stocks) ______do ___ _ 2 3. 94 2 5. 73 5. 73 ~ ~~ 1:::::::: :::·· 6.58 ------6. 7(} ::::=:::1::::===:·--n~ Dividend yields, preferred stocks, 14 high-grade I (Standard & Poor's Corp.) ______percent.. ~1. 66 4. 50 4. 42 4.34 4. 27 4. 24 4. 31 4. 29 I 4. 2\J 4. 34 I 4. 30 4. 30 4. 26 I 4. 2s 4. 32 4. 31 Prir('s: I ! !low-Jones awrages (65 stocks) ______------232. 44 221. 07 227. 22 237. 51 241. 13 2:~9. 07 249.58 256. 36 2.o7. 30 252. 72 1 257. 69 262.53 262. 16 I 2tli. og 266.33 272.31 Industrial (30 stocks)~~------691.55 639. 76 648.38 ()72.10 679.75 ()74. 63 707. 12 720.84 ' 719.14 700.7.1 714. 15 738.52 747.52 i 743. 24 7f.\1. 94 776. fi2 Public utility (1.5 stocks) ___ ------117.1fl 121.75 127.37 133.56 135.86 134. ~7 137. 57 140.30 ' 139. 8() 138. 73 142. g3 142.74 138. 68 I 137. 59 137~ 77 140. 19 Railroad (20 stocks)~~_------143 ..52 132.61 138.98 148. 25 151.85 151.72 158.36 167. 18 1 il. 89 170. 62 172. 93 172.71 170.41 [171.16 176. 16 180. 93 Standarrl & Poor's Corporation :cl' Industrial, public utility, and railroad: I Comhlned Index (-'00 stocks)~ ___ 1941-43=10 __ Gf). 27 62.38 62.64 65.06 65.92 65. G7 68. 76 70.14 70.11 69. o;- 70.98 72.85 73. 03 I 72. fl2 74.17 70. 45 Industrial, total (425 stocks)\? ______do ___ _ fi9. gg 65. 54 65.59 68.00 68. n I 68.71 72. 17 73.60 73.61 72.45 74.43 ! 76.63 77. 091 76. fl9 7R. 38 80.85 Capital ~oods (123 stocks) ______do ___ _ m. 33 58. 15 57.54 59. 19 59.93 ,'"if/, 2R 62.07 64.43 64.03 61.82 o3. ao ll4.9fi 6.5. ;)7 66. 45 fiR.M 71.89 Consumers' goods (193 stocks) ______do ___ _ 57.01 54. 9G 54 ..52 .56. 37 57.47 57. !)5 f>O. 29 62.18 62.32 61.41 63.45 f>G. 4.5 67.091 f>6~ 44 fifi.38 67. 36 Public utility (50 stocks). ______do ___ _ 60.20 59.16 60.24 63.35 64.07 fi3. 3.5 64.64 65.52 64.87 64.47 tif>. 57 67.09 65. 5.o 64. s1 6.~. 04 Gi. 26 Railroad (25 stocks). ______-----do ___ _ 32.R3 30.56 32.24 34.0G 34.59 34. GO 36.25 38.37 39.34 38.75 39.22 39.00 38.31 38. fiO 39. !I~ 41.00 Banks: New York City (10 stocks) ______do____ 33. 7~5 33.75 34.35 35.39 37.18 :1;:. ~n 3.5. 96 36. r,s ' 37. m 36.87 37. 7G 38.33 37.04 36.67 3n.:zn 37. 60 Outside New York City (16 stocks) ____ do____ 70.78 66.19 67~ 71 70.01 73.29 72.22 74.66 75.65, 7.1.S."l 75.29 76. 82 77.31 76. O!i 75.24 75.37 77. :)!) Firr nnd casualty insurancet ______do ____ ------59.06 61.71 64.03 62.38 64.18 63. 78 ' 62. 76 62. 58 63.61 64.96 63. 79 63.00 63.73 es. 46 8ales (Sccuriti<'s and Exchange Commission): Total on all registered exchanges: Market value~ __ ------_____ mil. $.. 5, 317 4, 561 4,426 5,016 4, 2

FOREIGN TRADE I ' i I I I ' I I I Value I .! ,: I . I 1 Exports (mdse.), mel. reexports, totalH_____ mil. $ •• I, 746 8 '1, 806. o •I, 904.2 '31,010.4 •32,097 8 •2,123. 81•2, 0.17. 6 •2.168. o1•1. 865. 6[ •1. 818. o'l'l 903. zh. 823 .11•2. 079. sl2.104 5 2 15;, 4 3 1 Excl. Dept. of Defense sh!pments+------do ___ ~ I, 679. 4 •I. 745. 4 '1, 865. 9 ' 960. I ''2,014.3 •2, 057. 6 •I. 908. 31 •2.117 ±."I •I. 779. 2 •I. 7J:l. 6 ' I. 810. ? 1•I. 765. 51[ •2. 023. Ol"· 028 5 2. 0\12 .l 1 1 Seasonally adjustedt.------·------do ____ ------•I. 838.7 ' 3984. 81'32,117.5 •I, 960 . .J '1. 912. il'l. 892. 6!'1. 784. 7l'l. 823. Oj'l 89!. 6 •1. \179 6 •1. 946. 4j'1,944.6 12,04\1 4 1 1 I I I I I lly geographic reglons:L:; ' I I Africa ______do____ 69.3 81 7 84.8 J:l. 5 !J8. 5 99.1 96.1 92 2 1 77 2 87 5 7R ll 79 1 79 3 '12 6 1 Asia ______do ____ 342.6 343.7 410.1 184.6 427.1 46\1.5 402.6 398.41 3·17.4l 39-l 9 41:70 380.4 442.f> 1 438.0 AustrnliaandOcean!a ______do ____ 33.6 39.1 41.5 17.7 48.9 41.9 42.7 49.6 H.3 41.7 42.:l 40.7 44.81[ 55.8 Europe ___ ------·--do____ li36. 2 542. 7 580.6 258.6 692. 1 670.0 G30.1 659.1 553.61 l9~l.fi 561. 3 544. g 658. 8 671.6 1 NortlternNorthAmcrtca ______do ____ 303.6 3111.2 :l08.8 268.0 2!16.9 316.4 344.0 3o8.4 :l71.0[329.R ~·28.7 34\1.1 405.9 359.2 Southern North Amertca ______do____ 122. 7 12\l. 5 150.6 91.9 141. U !54. 0 1511. 6 156. r. 1::1~. 1 13tl. 3 140. 2 142. g 154.5 1.52. 6 South Amcrlca ______do ____ 187.3 167.1 161.8 43.8 170.4 177.8 180.9 191.1 146.211418 1.16.2 131.1 149.9 171.9 Dy lrading countries: Afrira: I United Arab Republic ( Reg.) __ .do____ 13.6 19.5 11.9 2. 0 20.2 19.4 30.3 26.1 19.81 15. I 13.8 16.0 16.2 13.6 Republic of ______do____ 19.0 18.6 22.9 4.3 29.8 25.1 23.3 20.8 21.3 22.6 23.9 24.8 24 ..5 2fi. 4 Asia; Australia and Oceania: Australia, including New Gutnea ______do____ 26 8 33. 4 35.0 15.5 39.9 35. I 37.7 39.0 38.5 1 33. 5 34. 1 32.2 37.7 50.0 Stat<• of Singaporc·~~------do____ 3. 9 4. 3 5. 9 2. 2 4. 7 4. 6 5. 4 4. 5 4.7 4. 4 4. 4 .J.Il 4. 7 3. 6 In

Europe: 1 Francc ______do____ 47~ I 48.8 56. tl 32.9 67~ I 70. 7 57.6 56~ 6 ".-g .0 I 38.3 .52. 7 .II. I East Gcrmany ______do____ . 2 .I .1 (') . 4 .1 . 2 1.1 <'i . 2 63. 5 G4. 1 (4) ('J .1 1.9 W<•st Gcrrnany ______do ____ 89.4 89.7 103.5 43.8 119 ..1 111.2 \10.6 90.3 88.1! 75.8 l 90. g s~. 5 98. ~ 103. \) 1 6 61 0 70 3 7 83 2 73 2 8 8 70 9 80.6 6o. 6 72. \) II 7-l. 4 1-- H~ 1~;;c.i'so~·tet-Sociaiist-Riij)U.iilics~:::~~:::: ~: ~ ' : ~ 1. · I · n ~ ~: i n i 2. 2 .6 3.1l Fnited Ktng:dom ______do____ 94.2 s~:~ 99.7 47:~ lo~:~ I 107:~ U1.0 93.9 71.2 I R~:~ 87. 1 lfH. 3 1:Jo. 1 d:gl:_ r HPvisetl. t Quarterly n.veraf!'e at annual rate. 2 For 12 months ending Drc. ,Includes grant-aid shipments under the Dept. of DcfPnse :\lilitary Assistanre Pro:.:rram 3 .Jan. and Feb.

1 Vnlcs;;: otherwi3c stated, statistks throngh 3 and de~f'riptive notes are shown in the <-ditinn of BUSINESS STATISTICS .r,n~~rF~e~f-;::;~vr. ~- :\hy .runo ~J; .ruly Au~. \ ~·'pt ;~~~-"~";- T.~; I ::·.· --'--'----'----'------'-----'-----~-~~-·------FOREIGN TRADE OF Tim UNITED STATES-Continut'd F_O_R_F._•_J_(_;N_T_R_A~I--lF-~--C-o_n_ti_n~u~e-d----,-~~-- ~~ ---.,----~------~----

Value- Continued Expnrt-" (md.-:P. ), inrl. rr0\[lorts-Continue(l J3y leading eountrirs~~C'onllnnei! 1 I

1 ~ortll rmrl 8ont.h Amrriea: 1 I C'anai!a.~~~~~~~~~~~-~~~~~~~~~~~~---~--mll.$.~l ~0:-!.R \ 319.1 311-'·' 2

1 ~). 7 17. I ~4. 4 10.0 15. 6 14. 4 10. 3 i l.o. 2 40.0 57. s 4:l. 6 28.0 29.0 I ~1. i' 27. 7 20. ·0 II ~~~fr~~:~~::::::::::::::::::::::::::Jg::::l 1u ~u tU Hr ~t~ 13. 4 13. 2 Ill. 9 15.4 J.1.2 14 ..5 12.6 13. 0 211.7 :;:z.o 24.1 19.5 21.0 22.6 18. 4 . ~~. fl 1 .5 7. fi 11.2 .1 3. 7 (I) (I) (1) ~;~~:I~~:::::::::::::::::::::::::Jt:::l ~U :U ~H 1H ~H ll?. 4 74.0 73.3 70.6 61l. 5 li5. 1 10.7 1I 7~. 1 Vcnczuela~.~~~-~~~~-~~~----~~~~~~~--~do~~~~ 43.0 :J0. 0 42.3 lo. 7 42.4 1 !13. 3 40. 1 51.4 39.6 :l4. g 44. 1 41. 2 ' 4fi. 5 ExportsofU.S.rnerchand!se.totaU~-~-~-~---ilo .... 1,72~.4 783.r, •1.879.0 •9\11.4 1·2.074.0 Ofl7.4 030.7 •2, 142.9 •!, 8·10.8 '1, 797.1 879.2 •t. so1.s i·z. 05.o.6 iz. o7''· 1 ~.t:;t. ,; B)· ('ronomfc classes: I 212.0 ISO. 2 212.4 102. 3 I 22~. 7 205.0 185,8 200.8 198.8 182.6 2)7, 7 222. 9 I 272. 8 :2~1.1; :2~.1. (! ~~::~: fr:gj~~~'W.-.-::::::::::: :::::::::::::~~:::: i lli~. 1 167. 3 !SO.;; 71.71107. 7 HIO.O 220.9 235.7 175.r. lSLO J.os.s tn5.9 2:!1.4 2'27. 6 :za2. 6 95. g 113. lOR. 9 M anufacturcd fooilstuffs and hewragos~. ~ clo~. ~ -1 s fiR.:. t:Jo. n 157.1 139.1 138. 9 104.0 112.8 123 7 122.2 132.6 13.\. I 131.9 8rmfmanurarturr.s.d" ______do ___ _ 273.9 253. 7 27~. I (\ 131. n 294. n 2?0. 0 27S. 6 308. 4 2.\9 ··' ! 271. 9 300 2 270.0 2911. () :2~.1). 0 :297. 1 Finished mannfacturesd' ~-~---~~~~ ~~~~-~~do~ .... 986.5 o.o8. s l.09n. 4 IH7. 4 1.230.6 2.55. 9 1 206.1 1. 253. 7 ,1. 100 .5 !1. 046. 8 1, 084. 2 1. 020. 4 1. 132.4 110.9 !l.IS5.1 By principal rommoilltles: Agricultural products, total Q ~~ ~~~~-~~~~ilo~-~ 41R. 7 419.3 50.5. 499.1 505.8 412.7 410. 1 408.4 432. 9 552. 57-u 5S-;.I .jfH. l! 202. 0 11. 498. 3 a I u I Animal and vegetable olls and fats*~~-~O. 1 55. 4 Nonagricultural products, totai'<~~----~~Clo~~--11,307.7\l,:lno.o 1,415.0 71i9. 9 1. 582. 1. 592. 6 1, 531. 4 1. 631. 7 1, 425.6 1. 385. o 1, 476. 2 1. 368. 5 11. 503. 3 .oOUl 543.5

A ntomobiles, parts, anrl acccssorles.~-~~ilo~~-~ [ 100. I i 113.5 131. I fi5. 5 13:2.4 129. 5 126. 5 129. 0 119. 1 107. 1 ll2. 7 l],), 31146.1 16.5. 1 8hcmlc~ls ~nrl ~r)atro proi!ucts§.~---~~~o~~--~· ~~~ ~ I ljg: ~ 1~~ ~ 278. 4 175.5 178.6 161. o 179. o l.o8. 3 163.1 176.3 162.1 175.2 16U. 9 oal an reate uc •~~-~----~~~~-~--~~ 0 ~~-- ~s·. I . 22.1 26. g ms ~3 ~2 ~o no ~s ~3 ~5 ~o Iron and steel products~~~-~~~----~~~~~~do~~~~~· '· 1 50 " 9 47 2 21.9 57.0 llO. 3 58. 7 65. 0 .Sll.O 61. 6 62. 56. 64. 0 60. 6 1 5 51 Machinery, total§'< ------~~~~----~~~~-~do~-~~, 3%.91 432.9 458. 1 237. 5 1 ·190. g 516.2 490 ..s 518.5 462.0 431.1 445.9 411.5 462.7 477.1 AgrlculturaL ..... ~~---~---~---~~~~--~i!o~~~~~ 12.0 ·~ 13.2 13.2 9.6 15. r. 18.6 19.2 19.3 19.2 18.4 16.6 10.6111.7 11.4 27.9 11l.l 35.0 Tractors, parts, and accessorles~~~~-~~i!o~---1 29. 9 :lO. 2 36. 2 i' 39, 6 38. 4 38 .5 33. 0 36. 5 31. 2 41.1 86. \1 39.6 ElectricaL_ -~~~------~~~~-~~---~-~-cldo.~--~ ~3: i ~~~;i ~ 115. f, 7.3. 1 12.!.} 120.71 119.2 126.2 112.0 104.3 111.7 109.2 114.0 1:?4 3 Metalworking§ ---~--~~-----~-~~~~--~ o~~-- 40.2 14.0 49.5 44.2 43.9 44.5 34.7 31.2 29.0 34.7 38.2 37 ..51~~~----~- Other lnilustrlal~~---~~--~--~~~-~-~~-~do~~~-~ 188.9 207.6 215.9 99.6 :?36. 2 249.6 235.3 2.o3.4 224.1 211.2 212.sl 192.4! 218.0 :?:?S.4 •~--~-~-~.

Petroleum ani! products ...... ~---~~~~~.do~-~-1 37.1 36.9 42. 1 24.7 5~. 6 41.1 46.1 42.8 37.1 43.1 41.6 41.0 I 41.1 30.4 41 g -----~~~ Text.lles and manufactures. -~~-~-----~~do~~--1 56.8 1! 57.3 63. (j 24.0 G6. 2 [16, 1 60.3 62. 3 57. 6 53. 3 57. 8 1 55. 2 65. 0 l'3. 2 1 General Imports, totalt0~------~-----~---~~do.~-~ i 1,226.1 :•1,3<1.o.k '1,~~9-i •1,117.0 i•t,:lS5.9 '•1,454.2 •1,4f\O 0 •1,356.5 •1,502.6 •1,458.3 '1,398.5 :•1,591.3 1.431. 5 :1.53:2.:! Seasonally adjustedt0 ______rlo ____ t .. ______;__ ri..~Ih.:J rl,mll.l) jr1,497.4 •1,417.2 •1,420:2 •1,4:!0 ..5 •1,457 ..5 •1,508.3 •1,4.50.41•1,458.8 :'1,471.9 ]1.480.0

1 I 1 I I : C.fi. 0 42.3 77. () 70. 3 i 67. 4 71. 7 54. 8 Gl. 4 Go. 4 58. 3 74. 0 ~ ,\9. 5 2.'36. 7 2J.1.1 2.)1. 5 265. 1 . 27f>. 7 266. 9 252. 5 283. 3 301l. 2 206. 3 296. 3 :!65. :! 40. g 22.1 .15. 3 42. 4 1 31. 2 36. 3 37. 1 s3. 2 48. 7 .s3. o 1 4s. 1 3l.li I' :!} i 3S8. f> 2.1)fi, 3 393.0 B~~}~~~~~~;:~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~: ~ i :~U 433. 7 I 413. 0 422. 1 31i2. 4 442. 1 371.0 378. 4 I 466.1 445. 1

1 2V.5. 8 282. 7 Korthern North Amerlca ..... ~~------do~~~-~ 272. n 3114.9 207. 2 285. 3 ! 327.3 334. 6 312.4 33S. 6 334.8 301. f> I 3.54. 2 31:2.0 I Southern North Amcrlca~ .. ~~-~~~--~~~~~~i!o.~.. IJ:l. 6 1 123.1 127.3 130.5 13(i. fi 131.3 1411. 7 145. 1 132. 7 128. 9 109.2 102.6 1 ·115. o uo. s South America.~- .. ~-~ -~~~~~-~~~~~~~~~~--~do~--- 191l.ll I 204.1 2)1), 2 167.0 207. 5 234.8 198.1 184. 174.3 196.9 224.8 237.31 :234.7 197 .s By !earling countries: 0 : J

Africa: I . 1, . I United Arab Republic (Egypt Reg.) .. ~do ... ~j 2 9 2 1 1.2 .2 1.0 . 7 1.4 3. 2 3. g 1.2 . 5 1. 1 , .1. o . s .______Republic of Routh Afriea .. ~~~--~--~--~-do~~-~ 1 17.4 1 21.4 lfi.9 11.2 26.8 28.0 13. 6 28. 1 Ill. 8 23.3 30.8 17.811 18.9 i 17.4 Asia; Ans_tralia and Ocean~a: 1• I Australia, lncludinl' New Gulnea... ~--~do.~.~ 1 15.4 1 24.4 31.1 16.2 41.0 22.0 18. 7 li. 7 24. 1 1 28.0 31.0 31. 3 31). 8 ~0. 7 . 7 Ll 1.2 1.1 1.3 1.5 . 7 . 4 . g . 9 . 3 . 5 ¥;;~1\~o::'li~-~~~~~~,-~~:::::::::::::::::::~~::::i 2U i zU 22 ..o Hi. 6 32. 7 25. 2 2.\. 2 28.0 23.3 26.7 25. () 21. 7 ~5. 8 ~~- g 3.1 2. 0 5. 2 5.4 3. () 5. (I 3. 6 2. g 3. 3 3. 2 4. 0 3. 7 j~~~~~~n:::::::::::::::::::::::::::::::~~::::i s~: t! 11~ ~ HS.1 109.3 104. 4 124.4 127. 2 116. t] 10\J. 6 143.3 14;). 6 121. 1 139. s 134. 7 Repuhlle ofinilonesla ... ~~~~-~~~-~~~~~-<~o~~-- i ~~-. ~ t~ ~ ll.O 7. 6 12. 7 8. g 9.3 10. I ... ~· 7 Rfi 10. 5 8. 4 9. 8 9. 7 Repuhllc of the Phlllpplnes. -~~~~~~--~.do~~-~ 1 27. 6 13.8 25.4 25. 6 31.6 27. 4 ,)~). 0 35.8 44.2 32, cj 36, g 18. 0 Europe: 1 36.3 31.8 19.3 33. r, 33.2 31.2 36. 3fl. 2 44. g I 35.8 31.5 45.5 42.0 . 2 . 2 .2 . 1 .8 . 2 . 2 .3 . 3 ' . 2 .2 .3 .2 71.3 ~12. 2 lil. 8 77. 0 83.0 91.2 ~6. 7 75.1 1 92.3 75.1 81.0 9:2. 1 ~ 94.9 31.3 3- ", 40 ..o 23.9 33.0 46. 7 411. 1 ~~?~~~~r~~*~~::~~~ ~~ ~ ~~ ~~ ~~ ~=~~~~ ~ ~ ~: ~~~~~~~~I .. no 3R. 2 i 47.0 40.2 34. 7 50.2 I 46. ~ 1.9 . 4 ~. \) Union of Sm·Jet Socialist Repuhllcs~--~do ... ~) 1.3 1.0 1.3 1.4 1. 2 1 1.6 1.8 4J> l.RI 1.2 .'i3. ~ ·' Dnitecl Klngdom.~--~~~~~-~-~~~~~--~--.do~~~-, 74. S 72.6 o4. o 84. 3 100. s 84.6 99. 7 83.3 I 100. g 89.8 83. s lOG. 0 100. (i North and South America: i Canada~----~-~~~------~---~~-~-~~do~~--1 272.5 304.7 29,1. 7 282.5 207.1 285.2 327. 1 334.3 341.9 338.0 334. ,) 3tll. 1 354.0 311. 7 Latin American Republlcs. tot~! 9 ~--~~do .... / 267. g 282. 2 z;;s. 9 243.6 2\lg .5 324. o 298. :3 27 4. 4 z.ss. 6 '27 4. 3 20u. 2 2u.t. n t , 3no. n ~nn. :3 ~~~~ll~~~~~~====::::::::::::::::::::::~i~:::: I 4~: 3 ,~~: f ~g: i 2~: ~ §~: ~ 13.0 11.2 1.\.!J 8.8 H.5 lG.O 17.1 17.G ll.ri C'hlle .. ~----~------~------~~do~~-~ I l.l. 3 l!i. 9 7. 0 11.3 10. 1 Colomhla .... ~~--~--~----~--~------~do ... ~ 23.0 22. G 1!1. 5 12. 0 12.7 ! H (I) (I) (I) I !!·: Cuha .... ~~-~~--~~~------~do.... 2. g . :~: ~ !~::, !t: !~- ~ ~~- ~ ~;,: ~ ~~· ~ :! ~ (I 0 (1) (I) (1) (I> (I) 0 ~ (!• 1\lexlco~~~------~------do~~-- i 44. R 1 48. 2 4\l. 6 4!l. 6 5G. 9 60.0 61.6 55.1 46.6 39.4 39.31 37.3 • !f>.4: 4t\.~ Venezuela ..... ~---~------~--~---ilo~~-~' 74. 8 : 81.3 90.3 89. 2 82.8 8.5. 2 77.4 77.5 75.4 78.4 S3. G 67.2 73.0 . 63.1 --~------~~~ r Revised. P Prrliminary. t Less than $;')0,000. 2 Bep.inning- J<:"nL Hl{i3, e:-.:rludes . tRPvised to_inclw~e SITC i,tems r·Iassifie<.! as "cereals and preparations"; not cmnpurable exports of cprtain ff'rtilizrr nwterial.s, eoal-tar and SJ-!ltbctic rr~inous produets, chf'mical l~~f data published m the 19u3 BFsr:-;Ess SnTISTics and in SeRVEY ;.,mes prior to .'.'ov. specinltics, etc.; in 196:?, such exports totaled $.~2.6 mil. 9 IncludPs data not shown srparntcly. tSec similar note on p. S·-~1: for pxports, see 6 1\Ianufactures of tobacco are included in tbe nonagricultural products total. nlso rtotp ""''on p. S-21. §Excludes "special category, type 1" exports. cfData for S('lnim::mufacturcs r(•portl•d as "sprcial cnt(•gory. type 1" an• ineluded with OF or (·ertain I'C'CI'Ilt months, thr data by rf~!!ions and countries rx('lude imports uniden~ finishl'd manufactures. *New series. Data prior to Sept. 10:32 uw·r be obtained from Bu. titled by area of origin. (See also note 3 for p, S-21.) of Ccn::;us report~. SGRVEY OF CURREXT BGSIXESS S-23

]91i2 Unless otherwise stated, statistics through 1962 l!i6! 1 1962 1963 1%1 and d<"Sf'rivtive note~ are shown in the l96~l I I I edition or HUSINESS STATISTICS '..!onthly 1> J· n F 1 \I o~, ~lay I June I July I Aug., St•pt. I Oct. I Nov. I Dec. Jan. ------'-~"~'~'e~r~a~.g~e--"-~e~c~.--'~ :e). ~ nr. I - pr. FOREIGN TRADE OF THE UNITED STATES-Continued

-~---~-~ -----~------·------;-----.-~~.--,-,---.------~~------c--·~-----,------;--~~~-~-- FOREIGN TRADE-Continued Value-Continued . i Imports for eonsumptton, tolal:J: ______mil. $ __ ·I, 221. 1 :•1,3.54.3 '1.306.6 '1.139.8 •1,41~.8 rl,44H.tl '1.437.:2 i•J)327.8 rl,,)05.3 rJ,479.1 '1,37,1.1 1'L5iX. 3 !:1 ,·~~P7 .~" !il.Fill.O

B~~~~l~orr;:~~e~\~~~~·~~----- ___ ------__ clo ____ i 262 11 278. 5 259.3 2fl2. 3 2m!. I 283. 1 :.?SO. 2 , :!Sl. U :200.0 :!Sl. 0 ;n;;. :1 2(i0. 6 i ' 271. G 2:38.0 : 2~~. 5 Cr11B.Il, 137.3 105. () 128.8 12fi. 9 140. 3 1 !tiS. 7 I I.I:J. o , 1.;s. 7 Manufact.nre-1. fi 198.2 Hl:J. 0 I l\i7. 4 2.19. 0 I Semlm:mufaetnres ______cto_ ___ 2R2. 7 2f)8. () 2:"lfl. 2 283. fl 292.0 ! ::n2. s i 3IB. 2 293. 1 317.9 314. 0 285. 8 326.3 :iOO. 3Lo. 0 423.2 41 F!n!shcct mnnnfnctures ______do____ 495. g 480." 412.3 491. 2 f.2H. 1 ! [;47. 1 M4. 0 489.5 5D:?. 8 547. 2 .~03. 7 • tHl. 8 ,1)7:3. 0 ,l),'lll. 0 By pr!nclpnl commoct!tles: I Agrlcnlturnl pro. 2 322. n 295. 6 333. s 345. o 34!\. o , :J77. s 319. 8 3nn. 4

1 Cocoa (cacao) beans, !nel. shells ______~o ___ _ 13.4 11.0 6. 3 7. 9 20.4 13. 1 r ') 11. 1 12. 1 7.• 1 8. 6 n. 7 9. 4 1. 2 I 11. 1 'Coffee ______------o_ --- 80.3 82.fi 98.2 4R. 7 88. !\ 83.2 \10. I 71. 0 ; 51. 5 78. 4 76. 7 R!l. 3 1110. !I 88. I' I \10. 1 Ruhhrr, ern de (incl. latex and gnaynlc) __ do ____ ' 18.0 19.0 19.3 17. ;j 2r..a Hl.l 17 g: 12.8 Sugar (cane <•r bect) ______do ____ . 18.0 ' 13.3 16. 5 13 ..o I 1.1. 0 1:;. fi I 11.0 38.2 42.4 43.2 17. 7 41.7 44. 1 ' 45. ~ . 48: 0 i 73. 0 G4. 3 fit. g no. o 53. 4 :n. s 1 os. s Wool nnct mohair, unmanufactnred ____ do ___ _ 16. 5 17.4 20.7 14. 4 28.1 25. 1 1 ~- 7 : 18. 9 i 15. 7 2:2.1 17.2 12.7 rJti.7 11.01 22.D ~onagr!cultural producte, total<;? ______do____ 913.8 1,032.0 \>85. 2 906. 6 993.1) II, ll6fi. 2 108.7 :1.115.6 !1,032.1 1, 171.4 1, 13!\.1 I. 02S. 4 It, 199.1 i I, 108.0 1, 142.2 I Furs nnct manufartures ______d.o ___ _ ! 8. 4 9. 7 17. 7 16.6 n. 7 H.S 11.4 10. 7 9. 5 7.1 5. 7 1]1).1 7. 9 fi. 1 26.3 Iron nnd steel proct. (excl. adv. mfs.) ___ do ____ 37.7 4 7. 4 43. 3 32.6 47.0 52.7 56. 1 65. 6 : 63. 7 75.3 71.0 5~1. 1 70.4 6.5. :l NonfC'rrons or<'~. mrtal~, C'tr.: nauxitr, rrud<'* __ .. _____ ·------______do __ -- 7. 4 10.2 11. () 10.6 9 •) I. 1 9.9 Ill. o \l. 4 10.5 12.1 9.8 8.8 8. 2 9.4 Ainminnrn .-;rmimff'. (inrl. ralcinC'fi hauxitC')* 1 mil. $ __ 1 10.6 14.6 11.1 12.3 11.0 1<1.3 1!,.0 18.2 21.6 24.0 18.4 17.8 17.0 I 17.9 17.7 Copprr, crud(' and sf'mirnfs.* ______do ___ _ 21.1 20.8 21.2 11.5 16.3 17.8 '20. 2 Hl.6 23.8 20.2 28.4 I 26.2 26.1 23.3 25. 1 Ttn .tncludln~ ore ______do ...... 9. 9 9. 7 7. 6 7. s 8. 8 9. ,) 9.' 12.1 10. 7 8. 5 11. l (\. 4 9. 2 8. 7 8. 2 Paper hnse stocks ______cto __ J 27. 7 30.1 26.6 2.1. g 28.0 29.1 2R. 5 ~3. 7 32.1 30.5 31.9 2R. 8 34. fi 31.1 32.0 N eweprint_ ___ -----______cto __ -- 57.2 58.0 60. :i 4.1. 7 4C,. 9 Petroleum and proctucts ______do ___ _ 44.3 59.8 i 63.2 57. 1 62.2 57. 5 .5R. 0 66.5 58. 1 fi8. () 136.9 147.3 156.7 186.8 I.o4. g 146.6 161.0' 14.).1 129.7 146.4 147.9 "132. 6 '117.:3 136. 167.5 Indexes Exports of U.S. merchandise: i Quantlty ______------1957-59= 100-- 108 p 112 118 62 130 132 128 ! 134 115 113 119 114 130 131 ------Value. ______------.do __ -- Ill p 111\ 121 64 134 l3.o I Unit value ______------____ do ___ _ 131 138 ll8 116 121 116 132 134 ------103 p 103 102 103 103 103 102 ' 103 103 102 102 102 102 103 I ______Imports for consumption: 108 p 122 121 103 123 128 132 : 130 118 134 131 105 p 117 ~~~~~~~:_-_-_-:::::::::Unit. value ______:::::::: :::::::::::::::~~=: do ___ :: _ 115 98 118 122 125 • 124 114 129 127 97 p 95 95 95 95 95 ! \15 ' 95 97 96 97 Shipping Weight and Value 1\'ntrrl)ornr tnvlP: 1

Exports (incl. reexports):§ '1 Shipping wcight______thous. sh. tons .. , 10.670 11,215 10,731 5, 754 Vnluc ______mil. $ __ 1. 159.4 1,155.6 11,783 , 11.231 12, ti25 i 15.128 , 13. Oti1 13. 573 '14, 8·16 14, 368 I. 240.1 405.5 1,3!\3.1 ,1.309.2 i1.3\l0.4 (170.6 l,lll4. 7 1, 219.2 1, 164.3 1 1,~81.6 ::::::::::::::::1:::::::::::::::: O<.'nrral imports: I ~hipping wcight______thous. sb, tons__ 15,662 , 17, !i.o2 17.161 15,572 Yolne ______mil. $ __ . 887. 0 . 983. 6 1fJ, 773 1-5. fi20 ; )(i, 858 I 18. 277 I 18. 778 19,493 •19, 996 18,291 980.6 703.2 1,017.5 t.orn.sjt.054.-5 !1.051.3 1 982.6 1,116. 0 •1, 089.0 1, 040.9 -~ irhornc tm

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION Air Carriers I Scheduled domestic trunk curriers: Financial operntlons (qtrly. avg. or total): Operating revenues, total? ______miL$ __ ! 514. R ! I Transport, total? ------'lo ___ -1 509. <) ~b~: g ~~~: ~ ~~~: i :::::::::!:::::::: 4fil. 2 ~~~:~ 1!:::::::: :::::::: ~~~:~ 1::::::::1:::::::: :::::::: :::::::: 5G9. 0 ______5S7.3 ------1------32.2 5~n 4~u ---- ... --r------1 5f!g ,::::::::!:::::::: 12. g 39.1 1------~------41.0 ------14.7 !------14.2 ------Operatingt~~~~;::=::====:======~~====i expenses (Ind. depreclatlon) ___ do ___ _ 516.8 5 Net income (after taxes) ______do ___ _ .( 9.6 ~r.; ~~;.; ~~~~~~:r~~:j ;~;u ~~~~:~~~: ~~~~:::~~ '1&b:g I:::::::T::::::I ·'S~ 1, :::::::: :::::::: :::::::: ---- Operating results: l\•llles flown (revenue) ______thous __ 57.451 50,409 1\8,077 61.914 I .56. 488 : 62, 735 ' 62, 393 : 64, 751 I ll-!,(;20 66,.502 fi7,333 I 64,335 66.fi7G f.2,455 ------___ _ Express anrl freiQht t.on-mlles tlown ______do ___ _ 37,132 4.1, 29.1 4i, 920 43, 7li> i 40,254 i 46,423 I 46. !l!9 50. 1119 I 4i,334 4G, 151 51,894 I 52, 7GB '•7, i971 51,396 -- _,_ __ ----. Mall ton-miles flown ______do ___ _ 12.249 13, 575 17, 9fifl 1:;, 757 . 12,799 : 14,382 fll' !HI 14 .. 2491 13,llil 13,002 13,1>!7 I 13,043 15,033 13,:J76 ..______Pnssengers orlr-:lnntect (revenue) ______do ___ _ 3,R10 3, !l80 3, 721 4, 01\8 3, 70o I 4. 264 I 4.1\53 4. 484 4, v 1 2, !l86 I 2. 890 3,431 3,251 3,588 3,119 3.165 2,801 ------,_ __ __

I ! I I

Trnneportat!on_r~~:~~=s~~~~~~~~~-~------rnil, $--1' 92. 2 '95. 9 104.5 ------i ~.~·. 4 ~---_-_-_-_-_-_-_!,'. -_-_-_-_-_-__-_-',! ~3 : 5 ------96. 3 ------Express privilege payments______diJ____ '29.1 2 29.2 31.7 ------! - 3 7 8 ------~ 29.9 ------! I I Local Transit Lines i i Fares, nyernge cash rate_ ------cents.-1 19. 6 20. 1 20. 3 20.3 I 20. 3 20. 4 20. 4 20. 4 20.1 20 5 I 20 5 I 20. 5 20. 6 20. 7 20. i Pnseengcre enrrle

'f~E~£~~ft~:~r~:~~E~~.;~;1 i:r€·1 !::: : .::.: :.·:.:.1·:·: 1 · :· i:••·•···l ···•,1·· , :·r·.··•••· ··•·•••• r RrYiSf'(l. P PrPliminary. d Deficit. 9 Inrludro;; data not shown ~eparntrly. *New srries. Data prior to Dec. 1962 may be t Efil·ctiYc Sept. Hma, data rdkct adoption of U.S. Tariti 8chL•dulc> and art> not rntin•ly obtnint•d from Bu. of ('pnsus n·ports. §Excludes "special catcgory" shipments nnd nll eomp

1964 Unless otherwise stated, statistics through and descriptive notes are shown in the ~1~'~1~1 ~ 1963 Monthly --- i I edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. I Apr. I .\1ay I June ' July I Aug. I Sept. I Oct. I :\'o,-. I Dec. Jan. TRANSPORTATION AND COMMUNICATIONS-Continued

TRANSPORTATION-Continued 1 Motor Carriers (Intercity)-Continued 1:1' : I! 1 Freight carried, qtrly. index of volume, clnss I and II (ATA)_ ____ avera~e same period, 1957-59=100 .. 1110.4 1120.3 116.4 ------1121.3 ------______I 12!i.4 i______j______l 121.0 _ ------! Carriers of passengers, class I (qtrly. avg. or total): ;\umber of reporting carriers ____ ------2 140 140 ' I I I I Operating revenues, totaJ. ______mil. $ .. 1;~4~ I 131.2 126. I Expenses, totaL _____ . ______. ______.. do.--- 104.9 111.8 111.7 Passengers carried (revenue) ______miL. 51\.4 50.8 55. 2

1 ' •••••••· .••••• Class I Railroads ·····••• ··r·•·••••·i · : .~ ! ~~~~~~~J:::. I Freight carloadings (AAR): Total cars ______-----tho us.. 2,382 '2. 304 1. nos f'oal ______do ___ _ ' 1. 907 2. 031 I' 3 2. (jfll. 2. 240 2. 3~9 I, 2. 971 2. 137 3 2. 872 ' 2. ~071 2, 518 : 3 2. 8-.59 ! 1. 972 2, 045 424 439 388 3 i 1 Coke ______do ___ _ 402 40fi 4~7 42~ 449 a .)71 300 a 5S2 4fi4 474 'Sol 117 415 29 30 2() 27 2\l 3 38 33 ~!\ 3 4:l 30 ' 3 34 28 27 i ' 3:; : 2P 31 Forest products. ______------__ . do. __ . 156 lli8 127 132 139 3 1~f, 143 14~ 3 182 135 I 3 189 147 I l!iS I '1'3 . 13-1 13il Grain and grain products ______do ___ _ 237 231 181 181 213 ! 3 273 210 205 3 268 229 l 3 270 200 2SP. ! 3 303 i 197 227 J,!vestock ______do ___ _ 19 '17 12 11 0 I 8 14 13 13 3 ]I) 3 13 Iii i o· ! 3 o• i ]J) 10 Ore. ____ ------______rlo. __ _ 145 144 4H 41 .10 ~~ I : 6~ 79 1R5 ~ 260 212 3 260 2~~ 183 ~I 3 1~~ ; ,s.s M erehanrl!se, I.c.L ______do ... _ 121 97 il 70 3 I 51 M iseel!aneons. ______do ___ _ 1, 252 1, 277 1. fi.57 1.041 1.109 3 1. 491 J, 2~~ 1, 2U 3 1. 5~! 1.1~1 ; 3 /4~! 1 185 1. 3~~ st.\~~ i 1.0~~ 1.125 Freight carloaolngs, se~s. adj. Indexes (Fed. R.) :t Tot a1 .... ______------_.1957-59= 100.- • 91 4 H2 91 90 97 87 90 84 8/ II Coal.------Coke ______------______----_ . do.rlo ______~II ~~ ~~ ~~r ~~~ , ~66 ~~ . ~~ I ~~ ~~. ~~ ~~ 91 78 Rl i5 Sl I 84 94 106 107 104 90 84 75 7S ' Rl 89 Forest products.. ------do ___ _ 95 97 95 9-1 97 9s gr. 9ti 93 94 93 95 1 gs I \lfi 1 97 99 Oraln and grain products ______do ___ _ 104 101 100 91 ~ 108 ' 108 109 109 99 "" 97 101 I' 112 105 I 11!9 111 Ll vcstock ______-----______do ___ _ 71 67 62 ~ ~~ W ~ M ~ M M ~~ ~I M' M .so Ore. ______.cto. __ _ S:J 83 76 ~~ I 80 84 ~~ 8f> ~~ ~~ I 87 ' 81 i I 04 91 89 M erebanrl!se, I.c.L ______rlo ... _ m 49 44 n 31 M iseellaneous ______. ______------do. __ n2 94 94 0 101

Flnnndnl oper:1tlon~ (qtrly. avg. or total): Oneratlng revenues, total?------.mil.$ __ 2,29ti.8 2.360.0 2. 404. 5 -----~~_: _____ ~~- 2.nst~ I ." ;: 'm : " "'. ''AA~ ~~····;ll ~~.I.. ;~ 1 2. 031.1 ~~~;~~er======:===:=====:::::::~g==:: 'i~t.·~ 11. n~: ~ 147. g O.•wrat!n~ expenses ______rlo____ 1,817.811, 854. 6 1.873.1 ·:::::::·::::::::p~~ g :::::::::::::::: ::i~~ ~ i:::::::: ::::::::l~:m r 1::::::·-:::::::::::::::·: 'T'nx nccrun.Js ann rents ______do____ 344. il 323.9 236.1 ------~------~ 314 2 ______35f> I ~------~ 32•1 8~---- I______,__ Net rnllwny oneratln~ lneome ______do____ 134.4 1~1. 4 295.4 Net 1ncom~ (after taxes). ______do ____ 9n. 1 142.8 274.6 , :::=:::: ::::=::: ~~; ~ :::=:::: :::::::: i~~ ~ ~===:=:=: :::::::: 1 m~ :: ____ 1::::::::]_::- _

Opprntln!! re~mlts: 1 Frei~ht cnrr!ed 1 mile IQ trly.) ______hi!. ton-miles .. i : 14 4~ ° r l 1.11. 6 153. g Revenue per ton-m!le 1.Qtrlv. nvg.). ______cents.. 1 . 3 13 1]. 347 1.346 P:1ssen~ers carr! en 1 mile, revenue lqtrly.) .. m!L. 1 5, 064 14.948 4. 5S9 I • • lJ~ ••••••••••••••••. l"li! 1.: .1 :=~~~:~:,1• •• i Waterway Traffic : 1 I ----r·----- 1 rJei'lranres, V(I-SSP]S in forei,rn trade: 'T'otnl1T.R. ports ______thous. net t0ns .. 14,073 14,913 14.143 10:~7i: n.s:n J4.fi83 14.92\J J7.4il3 1r,.no~ 17.os; 17.485 Jfi,341 1 16,531 i·------1---- Forel~n vessels ______,lo____ 11. 411 12, 066 11, 575 'flO 11.337 JJ,901 12.067 J4.1J19 J3,1~fj '13.~75 14.33) 13,4861]3,4331 ______1·----.. - United Rtates vessels ______do____ 2, flfl2 2, 847 2. 5f\il 1 1 .dJ.: 2.494 2.Gs2 :.>.862 3.294 2.837 3.n2 3.15-1 2,ss.s 3,098 ------1------Panama Canal: 4. 1!8 I TotaL------__ tho us. !g. tons__ 5, 44;) 5. ·190 5. 422 4. 876 5, 610 .0,379 5, 721 5, 460 5. 9~4 .1. il41 5, 702 5, 925 5, 399 1 5, ()t)l In United States veRSels ______do ___ _ 823 855 713 .547 S:H 744 792 835 821 so~ 837 1.000 968 7221 70S Travel rrotels: ' Average sale rer occupied room ______dollnrs .. l 9. 23 9. 35 8. 90 ~t 00 , 9. 26 8. 87 9. 671 9. 09 9. 64 s. 7.o 9. oo 9. 56 10. 24 I 9. s~ : s. no Rooms oecupwct ______% of totaL 62 61 47 .19 ! 62 61 f>3 61 6° i 54 .)9 105 . 63 68 58 ; 47 Restnurnnt snles index ______same mo. 1951=100.. 112 109 113 116 121 110 I 107 101 107 1117 1121 107 I IOU I llll I Forrign travel: r.s. citizpns: Arrivals __ ------thow;: __ 174 195 140 143 1-18 zw 187 I 189 I 271 ?19 I Departures ______do ___ _ 1'll 146 14'2 17n 201 I 212 ! :.>on I :207 168 I ]Oil ~~~ ~~i ~~l Ill 125 102 8\J llil I 121 I 128 I 136 1 1.).o lfi\1 173 A liens: '[\~~;;'{~;.;;;;_·_~~=:: ::::::::::::::::::~~=:::I 93 103 !OS 70 74 91 I 103 I lJii< I ~~" I 131 140 134 Pa~~ports 7() 71 75 12R 100 78 issuerl anrl renewed ______cto ___ _ "I I 40 lOS 13() I 149 'I f\5 ~i~ ~~~~~~~~+<, 71 2 . 2. f)7~ 5~1 6\!2 928 1. 434 2. 082 National parks, visits §______cto ____ l ' 3~3- I 63.1 s. os2 I 7.. so4 i 7. 7o.s 3, 278 2, 331 1, 104 i J1(i1 fiSt) Pullman Co. (<]trly. av.e. or total): Passenger-miles (revenue) ______miL_I 761 726 03.1l 701i ~------.l------_1 598 Passenger revenues ______thous .$ __ 12, 577 12,0/G 10,702 12.l:i9 ------______· 10.065 ------1 ------~------10. ~M !:======!===:=:=: ------T-- COMMUNICATIONS 1 i Telephone carriers: _ 1 _ ! 740 7 792 6 815. 7 :-i.21. 1 i 7~J7. 1 836.0 853. 4 ' 836.31 51 8fii 4 844.2 879.0 856.8 ! 0 330.31 ~49 ~~~~Yi~;f :;;;;~e":.=::::::::::_·::::_-_-::_·_~rnd::_~: 414.4 440. o 4,11. 8 455. 4 : 452. 5 457.3 462.2 1 464.5 : 4fl3. b 4fl:l 1 41>5 il 408.0 477.3 47.5. 2 I 276.3 z.-;o." 25;_ o 2R.o. 1 1 286.3 : 2\19.9 2~o ~ • 295. 1 3114. 4 283.2 309.1 281;. 3 1- Tollts1 message ___(b ___ f_ ------)·------do. --'I ~1i· ~ ~~~- ~ 0 pera mg expenses e ore taxes ______,1 o ___ _ -!~7. () 485, (i 1 465, 7 438. 1 • 492. 4 1 502.9 4t8 .. I1 4~6. ~ 4\15. I 48\J. 8 fi23. 4 500.5 i Net operating income ______27 20. no3 : I (;f) i 3fl4 1 Net orwratin!!revenues ------.rio.... 1,029 582 600 784 1 ~73 ' 1. liS 1.543 1 1.348 1 2.SIJO 2, 597 2, ns3 I ~- ar.s 1 Ocean-cable· I Opera I inr: revenues ______c]o ____ 3, 023 3. OJ 3 :.?, U31 3. lHI 1 2. Si3 3.0.;3 i a. o4J j 3, 241 ! 3.110\J 3. 201 ~- (1(]4 2. 949 3,424 II ~_;·_'1-'E_:·(~, 1---- 2. fiO.S 2. 510 2, f.27 2. 330 2,51>0 0 Operating expenses, incl. depreclat!on ....do.... 2, 452 2, 542 2, 483 ~-~~~A ! 2 . .521 I 2. 59\1 :!,4t58 2. 57.s I' Net operatmg revenues ______do.... 240 153 90 17V 45 ](10 ao5 1 :!1:? 245 99 3~)1 509 370 Radiotelegrnph: I Operating revenues ______do ____ 1 4, 471 I 4, 67.> 4. 813 4. 421 ;;,ono ! .f. 824 I 5. 058 ' 4. ~(j:! .), •-'-1 5. ()!;9 4, 718 5.117 I - I)'" I 5. 540.' I 5 ..\c.> Operating expenses, incl. depreciation ____ do____ 3, 4r.3 3, il75 3, 911 3. ~Gil 3, GSfi 3 ""4 ' 3. j;)(i I 3. sa~ 3. 731j 3. n2n 1 :3. 7'21 3.B22 4. 02R 4. 10'- Net operating-revenues .. ______do____ 8:i7 J 817 631 727 549 1: (lfi2 I 871 1 9S7 R95 ~l74 ! 1.09fi I. 015 1.3331 1.19'; ,--- --·- 1 I

r Rl•visrd. d Deficit. I (~uarterly UVCf

1961 1 1962 1962 1-----.-----.-----.-----.----~-----19,6_3 ______.- ____ 1961 Unless otherwise stated, statistics through 19621 and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. I Apr. \May I June I .July I Au~. I Sept. I Oct. I :\ov. I DPe. Jan. CHEMICALS AND ALLIED PHODUCTS

CHEMICALS Inorganic chemicals, production: Acetylene ...... ------______.mil. cu. ft.. 9fi~ I, 103 I, 117 I. 139 I. 067 I, 1.57 1. 12H 1.193 1,070 I, 123 1.145 1, 126 I. 208 I, 197 1.2Hl c\mmonio, ~ynthetic anhydrous (commercial) 501. fi thons. sh. tons __ 433. g 484. I 497.8 501.3 571.4 !)74. 0 .598. o 1 5ii2. 4 537.3 528. 4 ii28. 4 548.5 MHJ.9 f;07. r; C'nrhon dioxide, liquid. gat', and solid _____ do ___ _ 76.0 85.3 73. () 72.7 fi8. 3 78.4 ~9.1 94.8 Ill!. 2 1()8 .•5 Hl7. 7 90.5 93.9 7H. 7 79.2 Chlorin<', gas (IOO<;;, Ciz) ______do .... 383.4 42~. 6 439.3 434. I 40fi. 8 458.6 44~. 3 4M.7 45:1.8 45:~. 2 4fl9.0 454.4 470.9 4~2, II Hydrochloric ucid (lOQ!=J; BCl) ______cto ___ _ 1 75. 8 87.7 84. !! 83.6 77. 4 91.7 ~l{). 7 88.1 86.0 87.:! 88.4 85.5 92.8 , '88.4C9... 04 I H7. 2 "\it ric ncid (100'7,, TINO,) ______do .... 281.6 ?80. 8 33~. 9 3(i:!. 9 :371.5 33:1.1 3:l8. 9 ~87. 8 304.0 325. [i 33G 4 372. 7 ~w.s. ~~ 414.0 Oxy~en (high pnrity). ______mil. cu. ft.. 6. 5-55 I 8. 661 9. !i78 9. 547 ~~L~~ I II, 1:ll II. 303 II. 920 II. 308 10,(JS[J 10. 1411 10. 43\l 10. 9GO 10. ~\1:! II. 744 Phosphoric ncid (IOOo/,. P,O,L ... thons. sh. tons .. 187.8 203.9 196.4 217.7 218.2 2ii0. 2 257.5 209. I 230.6 204. 41 229. ,1) 238. G 261.7 :!A3. 3 2ri:1. 7 Rodiutll carhonntc (soda ash), synthetic (58o/r 0) ______:\fa 2 thous. sh. tons .. 376.4 383. g 349. I 3H.2 348. 7 41~. 2 381.9 419.8 400.0 3\J:.?. 6 3\19.3 375.2 418.9 400.0 38S. 0 Sodium hiehromat(' and chromat(' ______do ___ _ 10.1 10. 6 10.7 11.3 10. 7 10.9 Hl.r. 11.6 II. 8 10. 7 11.0 R.ll 10.9 ll.!i 11.:1 Sodium hydroxidf' (toOo/r, NaOH) ______do ___ _ 409.5 453. fl 460, I 45:!. R 4:.?fl.!) 478. I 4G~- 0 474. 5 473. ii 476. R 495.5 472.4 497.8 487.9 4Hi. 3 Sodium silica!<• (:;oluble s!licnt<' gbss), anhydrous thous. sh. ton.': __ 43.8 46. I 41.3 40.8 -14.0 .13. 3 48. 5 40.3 45. 7 42.6 36. 7 45. 3 .ol. 0 52.6 42. G Soctinm sulfatrf' (anhydrou8, reflnrd; OJnnhrr's sn.H; erudf' s:1lt eakf') ______thous. sh. tons __ 9-1.6 102. fi 101..5 HI). fi 88. 4 91' fi lll4. 4 1117.8 97. (j 100.2 102.6 05. 4 !()li, ,5 1117. 7 100,. 1 Sulfuric acid (100% n,so,) ______do .... 1,487,3 I, 612. 6 I. 67.5. I I, H7X. fJ l.5fi3 4 l,ifil.4 1.767.8 1,831.3 I.G:JS.O 1,5f>!L2 l.f>44.4 i.634.4 1.793.5 '1,789.3 1.817.9 Organir rhrmienls, rwo. I 20. ;, 22. 2 ~rrthanol: ?\fnturnl ______mil. gaL_ .I .I .I .I .1 .I .I .I .I .I . I .I . I ,I .I Synthetic. ______.------____ .do ___ _ 2.1. ~i 28. () 29.2 27.0 2~). () 2fi. 4 28.~ 2H. 0 27. 6 21\.3 31.7 2R 7 31. 4 2S.. 1 :10. k Phthalic anhydride ______mil. lh __ 31. 7 3,o_ n 38, 4 3.5. 2 ~~2. 6 41.0 39.4 40.0 40.4 3.5. 6 ~7.1 41.4 45. :l r W.9 :)11 ..1 ALCOHOL Eth~-1 alcohol and spirits: Pro(1nction ______mil. tax gaL_ ,1)2. 2 52. I 52.4 ,I)R. 7 m.o .13. ~ 5:2.9 61.4 50.4 58. I 4~l 7 f\i.; ia ..~ .58. 7 i Storks, end of month ______do ___ _ l:lB. 9 1' lril. 4 156.8 1tl5. 1 lfi7. ;{ Hi-!. 2 Hi3. 3 Hi-t. 7 170.7 l7f1. 7 177. 2 IRl. 7 ISO. ;J 1iJ9. s r~Nl for ctenM.nratirm ______do ___ _ 43.2 42.3 41. () 4fi ..I 43. 2 -13. s 4-\3 47.11 42.7 42. s 4Ul 411.7 47 ..) 4:{. !l 'raxahlr withdrawals ______do ___ _ 5. 1 5. 3 4. 6 5. 0 4. 2 5. 3 .5. 3 .5. 7 5. 5 4. q ,0, 0 .5. 8 7. f) .1. 8 DPnature

' Revised. ' Beginning Feb. 1962, data include quantities for 14 plants not previously 75.6; 60.5; iudustrial finishes, 69.3, 62.7; 53.9. ci'Data are reported on the basis of 100% con­ rPporting. 2 Beginning ., excludes ammonium phosphate formerly included. tent of the specified material unless otherwise indicated. 9 Includes data not shown 3 Quarterly average. • Beginning Jan. 1963, data based on expanded sample; data for Oct.­ separately. Dec. 1962 on new sample (mil. dol.): Total shipments, 159.9; 138.3; 114.4; trade products, 90.6; S-26 SURVEY OF CURRENT BUSINESS

I 1961 1 1962 1963 1964 Unless otherwise stated, statistics through 19621 11962 and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. I Apr. I May I June I July I Aug. Sept. I Oct. l Nov. I Dec. Jan. ELECTRIC POWER AND GAS

ELECTRIC POWER Production (utility and Industrial), total 0 mil. kw.-hr •. 73,226 78, 624 82, 736 86.509 77, 123181.530 \ 78,273 81,7.16 83. 6fll\ 88. 703 89. Slil 82,437 90.302 Electric utilities, totaL ______.do ___ _ 66, 003 71,026 iS, 835 .,~I i-0, 347 69, U

In9 Oti2 004 snn 541 ,551 .191 631 691 735 Other pnbl!c anthorlt!es ______do ... . 1, 370 I. 529 1. fo05 I. 694 1. 739 I. GO] 1. nOll l.lilro 1. 647 1. 673 1. 707 1. 700 1. 776 I. 719 J n ter

1 ~I nnufactured an

sa:::~::a~::e:~~~:~~!a~~~~~~~~~~~=l~=t~:r:~~~ I,~~; I.~~~ I.~::~ ~~~~~~~~ ~~~~~~~:~!. ~~~ ' ::=:::=:1 1. ~~; ~~::;;;;;; ;:=;·;::, 1. ~~/,1.)_21il:_ ·:·:::_ :::··-_:_=_~!i.. ::=:::_:-.-.~,::::·:~:·: ____ :::__ Reshlent!aL ...... ------do____ . ------.. Industrial and comrnerc!aL ...... do .. -- 158 lo7 158 ------~ 211~ ------1f·3~------1 ------1 , ------)------i I

Hewnne from sales to consumers, total\! mll. $-- 70_7 07_3 li\J. 7 _____-- __--_-_-_ -_-_-_-_-_-_-_-_1 !1~. 3 ;,r,, \I I 2 ~,·. ;_, :,,-_-__--_- __--_-_ -_-_-_-__·_--_-_1,,-_-_ -_-_1,- Rcsl

ALCOHOLIC BEVERAGES Beer: Prodnction.------mll. bbL. 7. 92 8.07 6.81 7. 57 6.60 8.11 9.14 9. 81 9. 67 10.83 9. 38 7. 42 7. 93 6. 85 Taxnble withdrawals ... ------do .... 7. 42 7. 60 6. 55 6. 35 5. 75 7. 22 8.12 8. 81 Stocks, en

1963 1964 Unless otherwise stated, statistics through 19621 1961 1 1962~~~ and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. I Apr. I May I June I July I Aug. I Sept., Oct. I :\ ov. I Dec. Jan. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

DAIRY PRODUCTS Butt<:'r, creamerv: Production (factory)t ______mil. lb __ 123.7 127.9 117.5 I30. 5 120. 7 133.7 138.2 153.6 141.0 114.8 94. 7 84.3 90.6 ~9. f) Jon.r1 >Hocks, colo stora~e. end of month ______do ___ _ 181. 5 363.4 318.7 310.9 328.3 345. ·' 35o. 1 377.0 401.4 392.5 367.0 328. 7 2R4. 5 :!41.3 ~07. 0 188 . Price, wholesale, 92-score (N.Y.) ______$ per lh __ .612 . 594 . 589 . 586 . 586 . ii86 .•187 . 586 . 586 .587 . 590 .603 . 596 . 593 ..19> Cheese: Production (factory), totaJt ______mil.lb __ 136.2 132 .I 118.3 115.4 110.1 '130. 0 145. 1 171.8 175.2 150.5 139.8 127.0 122. 5 11.1. 7 124. 5 American, whole milkt------do ___ _ 95.7 91.1 72.7 75.4 72. 0 '85. R 103.1 I26. 9 130.7 Ill .7 99. 7 '86. 6 81.1\ 73. :- 'i~. ;~ Stocks, cold storage, end of month, totaL ___ do ___ _ 429.8 463.4 422. I 3%.9 3m.o 343.4 3-14. R 384.3 416.0 439.9 435.2 406. 4 378.2 3113.3 r ;{4o. 7 319. s American, whole rnilk ______do ___ _ 379. ·" 420.4 384. 2 ' 358. 5 325. 4 309.3 317.2 343.5 373.9 394.8 390.6 362.7 336.9 3:23. 7 '301. 6 2no Imports ______do ___ _ 6.3 6. 5 9. 6 3. 8 6. 4 9. 2 9.0 7. 8 6. 6 5. 7 3. 8 5. I 7. 5 9. 7 x. 1 Price, wholesale, American, single daisies (Chi- cago)______$ per lb __ .409 . 400 . 409 . 418 . 422 .4241 . 42.1 . 423 .423 .427 . 428 . 428 .432 Condcnsc, mnnnfnrtnrrrs', (m(J of month: nrv whole milk ______rto ___ _ 6. 4 6. 3 5. 1 7. 0 6. 8 .5. 4 5. 2 5. !i 6. 5 6. 5 5. 5 4. i 5. 2 fi. 3 :i.:3 'Joi1fnt

1 B'j;, ~~;1rtton (rrop estlmate) ______do ____ 1 395.7 '436. 4 ------______T ______------2 3!J!I. !J

>'toeks (domestic), end of quarter, totaL ____ 7 Exports, inclu

Stocks (domestic), end of quarter, totaL ____ do ___ _ 3 657 '3 628 '770 '488 '4 274 '946 773 3 576 On farms ______------___ .do ___ _ '' 55:J '693 T 427 "232 '833 688 Off farms __ ------.do___ _ '81 '74 77 62 '43 113 85 Exports, Including oatmeaL ______do ___ _ 1.7 2. 5 . 8 1.5 . 7 1.0 .6 1.5 1.0 1.6 1.2 .8 .6 .2 . 2 Price, wholesale, No.2, white (Chicago)t $per bu __ . 69 .71 . 77 . 77 . 76 . 76 . 74 . 73 . 72 .68 . 68 .71 .71 . 72 . 71 . 75 Rice: Pro7 Prlee, wholesale, Nato, No.2 (N.O.) _____ $ per lb.. '.086 .094 . 095 • 098 . 098 .098 .095 . 095 . 095 .095 .090 . 087 . 088 p. 088 Rye: Production (crop e~t!mate) ______mn. bu •. 127.5 Stocks (domestic), end of quarter, totaL .. .do___ _ '21.0 Price, wholesale, No.2 (Minneapolis)---$ per bn•• '1.20 ' Revised. • Preliminary. request. Revisions for Jnly-Dec. 1962 appear In the Sept. 1963 SURVEY. 1 Crop estimate for the year. 2 Dec. 1 estimate ofthe 1963 crop, 3 Quarterly average. a" Revisions for Jan.1959-Dec. 1961 are available upon request; those for Jan.-Dec. 1962 ' Old crop only; new crop not reported nntil beginning of new crop year (July for barley, appear In the Aug. 1963 SURVEY. oats, rye, and wheat; Oct. for corn). 'Average based on months for which quotations are §Excludes a small amount of pearl barley. available. t Revised series (for No. 2; formerly, for No. 3). tRevisions for Jan. 1961- for cheese and nonfat dry milk and those for Jan.-June 9 Bags oflOO lb. 1962 for butter, condensed and evaporated milk, and dry whole milk are available npon S-28 SURVEY OF CURRENT BUSINESS

1961 1962 1962 1963 Unless otherwise stated, statistics through 1962 196t I ---- and descriptive notes are shown in the 1963 1\Ionthly edition of BUSINESS STATISTICS average I Dec. Jan. I Feb. I !\far. I Apr. I !\fay I June I July I Aug. I Sept. I Oct. I No,-. I Dl'r. Jan. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

GRAIN AND GRAIN PRODUCTS-Con. I I I i I i i I l I Wheat: 11,23.> 11.094 I I 1 I z i.l~S '~33 2 ~lOS :)28 :::•••::1, • ••:=::: --:::· :I l.li14 ;,~~!~~~~;:~~:~:.~E~"~."''~" :'.:-~3 ,:~!3 .~:T ~~-~:·,~~:~::::::1 I!••.~::,: fartn~ r 2!1~ ., ::: r 4 <);') r On ______do____ 30.') ':--no I 1!1i 409 I 309 3 3 orr farms __ ------_do ____ I, 549 I, 453 1, 500 : :::::::! :::::::: 1. 309 :::::::: :::::::: 4 1,100 :::::::: ::::::::' • 1. 533 I::::::::::::::::: t.:J05

II Exports, total, Including llour ______do____ 58.2 49.2 52 9 16.0 :_ 58.3 I 64 8 74 0 83 2 49.1 .58. 7 1 52.1 I 57.4 : 75.5 i ()1. 0 flS. 9 WheQtonly ______do____ 52.4 43.0 47.9 14.1! 51. 5I 55.1 67.7 74.5 39.1 54.81 47.6 51.51 70.41 5.1.1 611.0 1 Prices, wholesale: i ' I 1 1 No_ 1, dark northern spring (Minneapolis) I' 1 I :?. 37 No2.hd.anddk.hd.w!nter(Kans.CI~y\~:i~'~:: u~ ~:1~ ~:~~ ~:~~ u~ U£ u~ ~:~~ ~:~~ ~:~i I ~g~ ~~g ~:~g Ui 2. 24 Weigh ted avg., 6 markets, all grades _____ do____ 2. 2.5 2. 41 2. 48 2. 47 2. 47 2. 45 2. 44 2. 38 2. 18 2. 12 : 2. 19 2. 29 2. 37 2. 34 2. 31 Wlwat flour: I I Production: I i Flour ______thous. sacks (100 lh,}__ 21,693 21,839 20,.584 22, 1Hl 20, 700 22. 29fl 21.570 22, 542 20. 421 I 21.fJ87 22. 8RG 21. 409 24. 649 22. 220 21.:.1lN Operations percentofcapaclty______93.3 92.4 93.0 90.9 95.4 97.6 !10 0 94.0 93.6 90.4 95.3 97.9 98.0 II' lOJ.fi 9:2.7 OffaL _____ '______thous. sh tons__ 40.5 406 3~0 411 382 410 398 I 414 377 398 42,5 , 400 497 412 3>J:J 1 Or!nrl!nrrsofwheat______thons. htL 49,333 49,fil3 41\,fl2fi 50,248 I 47.0\i 50,550 49,005 '151.105 46,520 49.215 51,990 !,_ 48.798 56.105\.'50,558 48, [;~/H Storks held hy mills, end of quarter I 1 3 3 1 1 4, >'23 Exnorts ______t~~~~~~~~-c~~~:~~J~~~:: U?~ U~ci t I~~ ----844_1 __ 2:953- t g~ --2.-713 -~--3.-789- u~~ 1--i:7o2-1,-T937-:_ '~: ~~~ !__ --2~:iii2-ii-T55o- Prlrr.-<, whole."nle: I 3. ''" Spring, standard patent (Minneapolis) 1 i ' $per100lb __ 5.520 5.909 5.sm 5.7fi3 o.S2.> 5 iSS 5.913 5.775 5.650 5.~88, 5.013: s.. s,;o, .5.725 I v.5.73ti W!ntcr,hard,95%patent(Kans.C!ty) ___ do ____ 5.16(1 5.fl21 5.650 5.4831 .1.1\50 5.517 5.7fi7 'I 5.. 533 5.233! 4.9f>7 j 4.900' 5.283 5.4fl7 · P.\.452 LIVESTOCK i Cattle ond crtlves: I Slmwl1ter (federally !nspertecl): I i 417 415 381 4:ll 1 411l I 373 330 2s2 I 341 3flfl 395 462 3R!i 400 g~ m~·--_-_-_ ~ ~ ~ =~ = ~: =~ ~ ~ ~ ~ ~ ~ ~ ~ ~ =~ ~ --t~-~~~ -~~~ ~g !~:: I, 664 1,695 1. {lti2 1. 7~1.5 1 1. flH4 1. 727 1, 87.1 I, 7.52_ 1. 838 1, 900 1. 829 2. 092 1. 793 1.808 1. 221 s 1. 1 I Jter·e!pts lsalahlel at 27 public markets _____ do ___ _ 1,179 I, 115 1r,o 996 1.196 l,Oiil • 9~R 1. 185 1. 167 r 1, 2Sfi 1. 592 T 1, 2R:~ 1.:."10.) 528 I. 189 Shipments, feeder, to 8 corn-belt States _____ do ___ _ 595 552 3:ls ;J,;o -187 390 294 1 342 4G8 r 717 1. 281 1.133 578 Prirrs wholP!':rtl0: 24.4!\ \1() Beei steers (Ch!earro)______$per 100 !b __ 27.20 28 ..19 2fl. 24.69 23. ;;o 23.51 22.43 22.54 24. 5ti 24.47 il 23. RO 23.97 23. 3R ~:~.Hi 23.30 ~:.?.as Steers, stocker ancl feecler (Kansas C!ty) __ do ___ _ 24.53 25.18 24. mJ 23.89 2:1.4.1 24. 12 2;1, 50 22.74 23.19 ·)'l 6- 22 -1 22.38 21. 53 20. (1ft 21.17 30.17 29.75 Calves, vealcrs (Nat.l. Stockyards, Ill.) ___ do ___ _ 30.00 33.00 32.00 34.50 30.00 I 31.00 ~8. 00 27.00 27. 50 • 2s: .\o 27 ..\0 P3Q. fil

H~];;whter (federally !nspected) ____ thous animals __ 5,4fl9 5, G48 5, 954 6, 333 5,665 o.. 1;;9 6, 343 5. 910 4, ~80 4. 995 5. 174 5, sns ll, 77i) 6. 380 6. 695 1, 586 1, 621 1, '5 1 Receipts (salable) at 27 public markets _____ do ___ _ 686 1,821 1, 555 1. 686 I 1. 797 I, 610 1. 411 I, 4G5 1, 393 1, .173 1. 846 1. 726 r 1, Si-1 1, 828 p~~lesale, average, all grades (Chicago) $per 100 lb __ 16.71 16.44 15.80 15.35 14.85 13.78 13.52 14.73 16.36 17.20 16.60 15. 53 15.29 14.39 13.76 14.22 Hog-corn price ratio (bu. of corn equal in value to 100 lh. live hog) ______16.6 16.4 15. 7 15.0 14.0 12. 9 12.6 13.0 13.8 14. 4 13.9 12. 7 14.1 13.9 12.6 13.2 Sheep ancllamhs: Slaughter (federallY !nspected) ____ thous animals __ 1, 253 1, 224 1,098 1.317 1. 053 1,137 1. 116 l.Ot\2 972 1,201 1, 204 l, 236 I. 441 1,112 1.105 Receipts (salable) at 27 public markets _____ do ___ _ 550 497 397 '485 381 390 396 354 350 470 r 442 601 '640 '419 406 394 Shipments, feede.r, to 8 corn-belt States _____ do ___ _ 253 224 140 192 84 98 137 211 115 122 223 '428 457 213 122 Prices, wholesale: Lamhs, rtverage (Chicago) ______$ per 100 lb __ 17.07 19.45 19.25 19. 25 18. 50 18. 75 w. 25 21.25 20.00 16.50 16.50 : 18.75 18.25 18.88 19.3S 19. 50 Lambs, feeder, good and choice (Omaha)_do ___ _ 14. 99 6 15. 57 (1) a 17.97 a 17.44 a 17.46 al7. 50 (') 19.74 17. 80 16. 84 16. 84 16. 52 16.44 (') (') MEATS AND LARD Total meats: Production (carcass we!ght,leaflard In), Inspected slanghter ______mn. lb__ 2,116 2, 151 2,146 2, 383 2, 062 2. 323 2, 323 2. 351 2, 078 2, 156 2, 187 2, 245 2, 582 2. 3661' 2. 450 Stocks (excluding lard), cold storage, end of 460 481 506 502 557 637 686 661 624 580 522 523 542 623 '653 720 E~~~t~<~eat-aii;1~eat-i>l-ei:>aratloilsii~~~~o~~== 40 42 34 20 48 51 41 46 42 38 ,~ n M ~ w Imports (meat and meat preparat!ons)t ___ _ao____ 79 109 122 81 145 131 96 122 105 144 143 144 132 112 1 121 Beef and veal: I Proclnct!on, inspected slaughter ______do ____ 1,051.0 1,046. 6 975. 0 I, 134. 8 989. 5 1, 084.0 I, 106.0 1,194. 5 I, 112.8 1.156. 6 1, 187.3 it. 136. 8 /t. 291.2 /t. 117.8 1.137. 9 Stocks, cold storage, end of month ______do____ 175.5 163.5 201.9 176.9 188.8 201.6 197.4 194.0 197.3 199.9 208. 8 228. 2 246. I 279 ..> · •287. 6 294. 7 2.3 2. 6 1. 9 2. 0 2. 1 1. 9 1. 8 I. 7 1. 9 2. 7 ' 2. 8 3. 2 2. 9 2. 4 ~~~~~~;::::: :::::::::::::::::::::::::::::: :~~: ::: 5~: ~ 79.0 86.1 56.9 98. 9 93. 1 62. 6 88. 2 78. 6 110. 1 116. 1 . 120. 1 105. 0 88. 7 89. 9 Price, wholesale, beef, fresh, steer carcasses, choice (600-700 lbs.l (New York) ______$per Jb_ . 427 . 464 . 487 . 463 • 437 .408 .408 . 409 .402 . 420 .422 . 426 . 417 . 404 . 391 .398 Lamb and mutton: Production, Inspected slaughter ______m!l.lb__ 59.6 57.9 52.9 65.6 53.1 57.0 55. 1 51. 2 44.6 55.0 .15. 7 57. 4 67.3 52.5 Stocks, cold storage, end of month ______do__ __ 19.9 14.3 15.3 13.4 21.0 22.8 23.7 21.4 19.8 19.9 19.8 18.0 17.8 17. 2 Pork (Including lard), production, Inspected slaugh- ter______------_m!J. lb __ I, 005.0 1,046.5 l, 118.0 I, 182.3 1. 019.6 1, 182. 5 1, 161.9 1,104. 9 920.4 944.2 943. 5 !1.050. 6 /1, 4 /1,195.7 1.259. 2 Pork (excludln?: lard): I Product!on,!nspected slaughter______ao ___ _ 763.1 806.0 859.2 918.0 798.8 924.7 901.1 852.6 708.0 731. 4 ' 735. 3 959.3 Rtocks, cold storage, end of month ______do ___ _ 823.7 939.2 987.4 203.4 235.9 229.5 249.0 275.4 332.6 374.5 356.3 323.9 275.2 220. 0 210.4 210.6 250.2 r276. 7 328.6 Exports______------.do ___ _ 5. 7 5. 3 6. 7 7. 8 10.8 14.1 10.5 13.0 11. 5 8.1 6. 5 9. 7 14.4 15.1 16.5 Imports ______------do_--- 14.5 17.0 17.6 13.5 20.4 21.2 18.7 19.7 14.5 20.0 14.3 14.8 19. 1 16. 2 18.6 Prices, wholesale: Hams, smoked, composite __ ------$ per lb__ . 471 •.491 . 531 . 480 .468 .443 .431 ,440 .458 .478 .488 .465 .463 P.471 ------Fresh Joins, 8-12lb. average (New York)_do____ . 479 . 475 . 447 . 456 . 426 ,396 .380 .407 .470 .495 .498 .478 .461 .427 .417 .438 Lard: Production, inspected slaughter______miJ.lb __ 176.5 175.3 188.3 192. I 161.1 186.7 189. 2 184. 0 155. 3 155.0 151.31 165. 1 191.3 187.1 198.4 Stocks, dry and cold storage, end ofmo ____ do ___ _ 120.4 98.9 128.4 148.2 146.2 166. 7 102. 3 147. 3 136. 3 113. 9 88.3 ' 81. 2 75. 2 ' 92. 4 lJll. 4 Exports ______------______-do ___ _ 34.7 35.2 19.1 15.9 37.6 m5 m2 m1 ~2 ~4 _M. 8 - ~2 au M2 ~7 Price, wholesale, refined (Chicago) ______$ per lb __ .133 . 125 .121 .116 .120 . 115 .114 .113 .115 . 118 125 1 .123 .131 •.142 ------'Revised. • Preliminary. 'Beginning Feb. 1962, prices not strictly comparable with those for earlier periods· ' Crop estimate for the year. • Dec. 1 estimate of the 1963 crop. 3 Quarterly average. monthly average based on 11 months (Feb.-Dec.). a Choice onlv. ' • Old crop only; new grain not reported until beginning of new crop year (.July for wheat). 6 t Revi,ed effective Jan. 1961 in accordance with the Standard International Trade Classi­ Prior to Jan. 1963, data are for 25 public markets. 6 Average based on months for which fica!ion (RITC) grouping of items; this grouping excludes lard (included in former export quotations are available. 'No quotation. series) and sausage casings (formerly included) but includes meat extracts, etc. (formerly excluded). Data for Jan. 1961-Aug. 1962 are available upon request. February 19G4 SURVEY OF CURRENT BUSINESS S-29

1961 1962 1962 1963 1964 Unless otherwise stated, statistics through 1962 I and descriptive notes are shown in the 1963 Monthly July edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar., Apr. I May I June I I Aug. I Sept. I Oct. I Nov. I Dec. Jan. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

POULTRY AND EGGS Poultry: Slaughter (commercial productlon) ...•.. mil. lb .. 593 578 562 538 416 454 502 572 558 642 703 735 833 688 627 Stocks, cold storage (frozen), end of month, total mil. lb •• 322 306 335 328 291 251 210 185 178 193 256 363 490 426 '364 .356 Turkeys ___ ------do •.•• 192 199 203 198 176 153 117 96 89 101 155 251 361 288 '217 213 Price, In producing area, live broilers $per lb •• .132 . 144 .141 .138 .153 .147 .145 .140 .135 .140 .135 .129 .128 . 137 . 125 . 139 Eggs: Production on farms ______mll. cases0 •. 14.3 14.5 14.5 1 14.4 13.4 15.8 15.7 15.9 14.8 14.6 14.3 13.7 !4.3 14.2 !4. 7 14.8 Stocks, cold storage, end of month: SheJL ______thous. cases0 •. 162 186 117 64 29 56 200 274 233 206 I 154 137 111 67 137 Frozen ... ------.mil. lb •• 81 82 61 47 38 3851 58 83 103 108 105 1 95 80 68 55 45 Price, wholesale, extras, large (delivered; Chicago) I $per doz .. '355 .334 . 367 .354 .370 . 346 .299 . 280 i . 289 . 337 .395 .375 . 376 '372 MISCELLANEOUS FOOD PRODUCTS I ! Cocoa (cacao) beans: Imports (incl. shells) ______thous. Jg. tons.. 28.7 23.8 14.7 16.6 46.8 29. 3j 39. s 21. sj 23.4 14.4 17.0 '19. 3 '19.3 13.8 21.0 -·- Price, wholesale, Accra (New York) ..... $ per lb.. . 227 .208 .210 . 230 . 246 .239 i .255 .276! . 256 . 245 . 245 .256 . 276 .255 . 261 . 262 Coffee (green): i i lnYentorios (roasters', Importers', dealers'), end of quarter_ ------thous. bagsd' __ 2 3, 034 2 3, 355 3,964 3, 5!81------______J 3. 435 ----· ------1 4, 787 2 5,669 6,080 6,078 i··-----+------1 5.357 ~::in'::::::::------6. 306 2,041 2,530 1, 241 2, 238 1,332 2, 1681 2, 486 2, 181 2. 1.171 2, 246 II 1, 7991 --~. ~ii" --;~~ii-1' 2.143 --··- ~~~:::~:~:;~:-~~~~~-t~~-~~~~~~:~~-~~~~~~~~~::::: 1 '::::: 714 758 1,135 434 851 858 655 547 520 909 949 l. 026 982 .. Prr~~."{,~~~~~~~e~-siii:t"to8;-iio:4-(-New-'Yori)do ..•. , $per lb.. . 363 .344 .340 . 340 . 338 . 335 . 3351' . 333 . 342 . 338 . 335 . 33s 1 . 3.s3 . 3so . 380 . 480 Confectionery, manufacturers' sales ______mll. $.. 103 '104 '104 114 llO 106 94 89 82 74 95 I 154 1 146 133 1!8 Fish: I Stocks, cold storage, end ofmonth ______mll. lb .. 184 180 231 202 175 154 159 171 186 219 230 ; 2361 243 249 '244 224 Sugar: Cuban stocks, raw, end of month i I tho us. Spanish tons.. 3, 075 1.424 175 975 1,40.5 1,690 1.325 890 690 5.50 465 1 21s 175 25 130 United States: Deliveries and supply (raw basis):§ ~· Production and receipts: I Prorluction. _------· •. thous. sh. tons __ 265 273 830 351 149 90 56 ' 113 72 64 98 !46 7.50 Entries from off-shore, total Q ______do ... . 528 550 103 I. 558 820 409 535 771 404 451 516 230 424 241 ·------·------IIawall and Puerto Rico ______do ... . 1 169 166 39 83 133 17.5 21! ' 280 203 246 179 98 150 94 ------·--·--- Deliveries, total\! ------.------do ____ I, 808 821 832 745 602 922 886 1.030 595 807 921 960 968 For domestic consnmptwn ...... do____ 801 813 826 737 598 918 887 1, 027 592 799 917 958 967 Stocks, raw and refinerl, end of month.c!o____ 1 1, 7!6 1, 599 2, 261 2,101 2.127 1, 826 l. 622 1. 401 1, 542 1, 504 1 1. 273 1, 023 r 1, 273 p 1. 864

Exports, raw and refined ______sh. tons--1 510 259 293 291 137 241 465 316 145 486 186 154 209 1, 127 352 I i Imports· 1 Row sngnr, tota_l9 ______thous. sh. tons.. ! 338 359 338 157 365 379 369 375 465 419 i 405 379 351 214 42:! From Repnbhc of tbe Phlllpplnes.... do ___ _ 106 102 99 2 86 92 121 102 139 118 ' 134 101 86 9 94 Refined sugar, tot.aL ______do ___ _ 14 25 87 5 1.5 6 .5 l4 16 8 5 3 42 19 19 14 Prlccs (New York): Raw, wholesaJe ______$ per !h .. .063 • OG5 .065 '067 . 068 .069 .083 '109 .092 . 077 '065 . 073 . 092 . 095 . 084 . 095 Refined: Retail (incl. N.E. New Jersey) __ $ per 5 I h .. . 570 . 569 . 574 .575 . 586 '591 . 597 . 639 . 833 .803 . 753 : . 681 . 675 . 750 Wholesale (excl. excise tax) ______$ per lb .. . 087 . 089 . 090 . 093 . 093 . 095 .100 .127 .139 .121 '!08 . 099 .114 p .127

Tea, lmports ______thous.lb .. 9, Ill 10,808 12,536 7, 275 12,202 14,808 12, 276 12, 2851 7, 155 9, 493 7, 717 !1, 011 13. 439 10. 57! ~. ~;i1

1 B~;~gu~~~~X~~~-~~~·_:'_~~ :.~~~~~~~~~~!~----mn. I h .. I 204.7 224.0 197.9 211.2 207.0 198.7 186. 2 216. 6 210. 7 186.7 211. 4 214.5 258. 1 ' 228. 8 203.0 Stocks (producers' and warehouse), end of month m!l.lh .. 116.9 173.5 164.9 180.7 171.4 167.2 147. 7 130.0 132.0 1!5. 5 112.0 103.7 103.4 '104. 2 ll9. 3 Salad or cooking oils: ' Prorluction ______------_____ ·----- __ .. do. __ _ 177.0 211.0 194.7 176.6 205.0 225.2 182. 0 188. 7 195. 7 197.2 190.5 183.9 187.5 177.0 183. 2 Stocks (producers' and warehouse). end of month mii.Jh .. 154.2 245.0 273.3 325.0 281.5 220.5 273. 3 262. I 307. I 292.5 208.2 210.2 ( 4) 160.0 145. I Margarine: Production ___ ----______• ______do ___ _ 143.6 143.8 157.0 173.9 148.0 14!. 0 132.4 140.3 125.9 125.2 136.7 148.6 161.3 '147. 9 163. 1 Stocks (producers' and warehouse), end of month mil. lb .. 38.3 39.0 39.3 49.0 52.4 59.4 52.2 46.4 46.2 40.8 41.7 40.8 44.1 '40.8 36.4 Price, wholesale (colored; mfr. to wholesaler or large retailer; delivered). ______$ per lh.. . 268 .256 . 238 . 238 . 238 . 238 . 238 .238 . 238 .238 . 238 . 238 .238 •.238 FATS, OILS, AND RELATED PRODUCTS Animal and fish fats: .6. Tallow, edible: Production (quantities rendered) ______mjJ. lb .. 36.2 35.8 32.4 38.5 42.5 41.1 39.3 46.1 41.3 38.7 45.4 39.1 1 42.5 42.8 38.5 Consumption In end products______do .... 31.4 30.7 23.1 26.0 28.3 29.7 30.6 37.6 36.5 35.9 39.5 35.9 . 36.5 37.7 28.~ Stocks (factory and warehouse), end of month mil. lb .. 26.8 25.7 33.0 37.7 43.3 46.9 50.0 53.5 49.1 47.4 39. 1 33.9 29.8 29.0 35.6 Tallow and grease (except wool), Inedible: Production (quantities rendered) ______do ___ _ 296.2 287.8 269.4 305.9 291.0 307.7 308.9 338.8 312.3 309.2 330.5 304.5 3.50. 3 327.3 325.9 Consumption in end prodncts ______do .... 144.8 150.6 140.1 161.8 151. 1 146. 4 15!.0 169.3 149.0 127.4 157. 5 145.6 167.0 140.1 141.8 Stocks (factory and warehouse), end of month mil. lb .. 369.4 384.7 396.7 475.0 430.0 434.3 427.4 379.0 336.1 349.3 354.6 333.6 353. 0 ' 372. 8 383.9 Fish and marine mammal oils: Productiont------do ___ _ 21.5 21.3 .7 .4 .3 . 4 6.1 34.4 28.0 29.4 34.2 19.8 !4.2 '10.0 0.' Consumption In end products______do ___ _ 9.3 8.2 7.8 8.3 7.4 7. 0 7. 5 7. 2 7.6 8. 4 7.0 7.0 8.1 7.2 6. 5 Stocks (factory and warehouse), end of month mll.lb-- 123.7 144.0 182.4 166.3 163. 5 ' 1.)6. 0 122.1 !58. 4 184.7 165.0 176. 5 18!. 5 159.0 '6197.1 6 165. 7 • Revised. • Preliminary. t Beginning Jan. 1963, Includes data for and Hawaii. 0 Cases of 30 dozen. d'Bags of 132.276 lb. I Quarterly average. 'Effective Sept. 1963, includes small amounts of refined sugar, 9 Includes data not shown separately; see also note"§". §Monthly data reflect cumula- tinctured colored, or adulterated. 'Not available. 'Beginning , includes tive revi8ions for prior periods. General Services Administration stocks no longer required for the strategic stockpile; not .6.For data on lard, seep. S-28. comparable with earlier data. 6 Includes a significant amount described as "contaminated." tRevisions for Jan.-June 1962 appear in the Sept. 1963 SURVEY. S-30 SURVEY OF CCRREXT HUSIXESS Ft>hrnnry 1!1(\-l

Unless otherwise stated, statistics through 1962 ______~~~,~ ----l-----,------,---,----,-----,------,---,------,---,-----,------,------1 ~

and descriptive notes are shown in the 1963 1\ifonthly I' edition of BUSINESS STATISTICS 'average Dec. Jan. I Feb. I :liar. Apr. I May I June I July I Aug. I Sept. Oct. :--;ov ..I llcc. .T:m. 1 FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

FATS, OILS, AND RELATED PRODUCTS-Continued . I \'egetahlc oils and related products: I Coconut oil: Production: Crudr ______mil. lb .. 41.6 135.8 (') 38.7 I 23.4 21.0 24.7 22.4 26.3 31.3 33. 51 39.4 29.8 Refined ______do .. __ I I 23.3 I 34.51 38.6 44.3 43.8 42.31 45.0 46.2 54. 1 49.9 46. 1 . 50. 1 45.3 47.1 44. 5 -11..\ Consumption in end products ______do ___ _! 54.4 57.5 51.2 !;J I 54.0 59.6 61.0 66 ..5 62.2 57.0 i 65.0 f\0. 7 67.8 57.0 59. 3 Stocks, crude and refined (factory and ware- : house), end of montb ______mil.lb .. : 313.6 I 243.4 242.8 240.51 254.9 25.1. 3 241.5 233.2 210.9 227.9 II 215.3 225.0 219.5 209.3 195. 9 Imports .. ------do ___ _ 13.61 22. 1 41.4 45.3 37.7 40.2 30.0 31.1 20.0 38.7 46.2 35.3 39.4 i. 8 Corn oil: Production: ! i 28.0 30.4 26.3 3Lo I 27.3 33. I i 31.8 32.8 33 ..I 34.1 I 34.8 31.9 34. 7 34.6 30. 9 26.8 29.3 31.8 I 28. 1 30.5 26.8 30.0 32.2 :l4. 2 ~~~~~'d: :::::::::::::::::::::::::::::: :g~:::: : 30.0 30.9 30.0 29.0 30.1 31..5 ronsumptlon in end productst ______do .... : 26.4 26.8 28.9 24. 1 I 27.4 26.9 I 26.6 26.5 24.8 23.3 28.9 29.5 31.6 '28. () 32.2 Stor.ks, crude and refined (factory and ware- house), end of montbt. ______mil. lb ... 34.6 49. 1 44.9 49.3 46. 1 48.6 I 54.9 56.2 59.8 63.1 61. fh'l.1 62.9 '67. 4 64. 8 Cottonseed cake and meal: Productlon ______thous. sh. tons .. 204.0 222.5 300.0 322.1 I 292. I 254. 7 194. 2 135.2 86.6 71.3 101.0 224.1 343.1 351.0 302 ..\ Stocks (at oil mills), end of month ______do ___ _ u;8. 4 ll8.1 98.5 122.6 14K 8 197. 7 216.6 210.8 187.3 154.8 159.2 167. 4 192.2 184.9 Cottonseed oil: 105.21 Prorluctlon: rrnrte. ______mll.lh __ 149.5 161. ,1 211. 4 228.3 206.3 182. G 139.0 98. 4 62.2 51. 2 70. 5 156. 7 241.3 249. 4 211.4 Rdined ______------__ --. ___ do ... _ 125. Fi 132.4 162 ..1 171.4 1 162. 7 !fl.5.1 147. 7 125.4 80.0 52.3 Fi7.4 us. 9 1n6. 1 T 174. 2 111. n Con'I!TTlption In end products ______do ... _ 1 In. 7 108.8 \01.2 104.3 I 96.1 9S. 0 ~9. 2 91.8 9.\. 4 83.3 88 .•1 92. 7 107.2 '9g, 9 101.7 8torkR, crude and relined (factory and ware- house).end of month ______mil. lb 335.8 419. 6 .129. 9 mo. 3 1 f\71. ~ Ci\lfl. :2 1174. ~ ()19.1 5fi1. .1 .113. i 4fJ5. 6 : 487 ..I 5.1·1. 7 'G:l7.-! 6S5 ..) "F>.;:port~ (crudP and r<'finefl (fnetory and wrtre- hou.s.P), Pnrt of month ______rnfL 1h __ IO:l. fl 111. R 123. 4 130.9 I 132. 4 133. 7 134. 3 129.2 130.7 99. :l Q2. 5 9:2.2 103. \) 1o9. 4 [ 111. s I 1')..,. Pri<'(\ '"lwleEalr (-:\rinneapolls) ______S pC'r lh __ .142 .142 . 127 i . 127 .127 . 127 .127 . 127 . 1:?7 . 125 .123 . 127 P. ]~:'; : Sovhrnn rake and meal: Production ______thom. sh. tons .. 778. 4 867.8 981.9 987.2 j 8\13.3 945. 6 899.7 87R. 7 9!11. (l 731l. 9 944. 4 918.7 912. f) Storks (at oil ml!ls),end of month~ _____ do ___ _ 147. 2 86. 5 88.8 78. 7 102. 7 134.8 ll:l. 3 13\J. 4 139.1 142. 2 164.2 148. 7 SovbNm o1l: 99 31 Prodnrtlon: ('mrl~ ______------______mil. !h._ 370.2 407.4 4.50. 4 4iifl. 21 413.1 4.\l. s 386. 4 ! 443. 7 i 422. 2 413. 6 426. ~ 34.5. 9 442. I 4:26. 2 • 42fl.-! Rrfin~<1- ______------______r]o __ __ 299. 4 338. p 329.6 3WR 31ii. 0 3H2. f) 308. 3 316. 7 i 333. 5 295. 4 336.1 340. () 361..1 ' 3:ll. 6 i :32\J. 2 ('onsnmptlon In end produets ______do ___ _ 288.7 340. 7 320. 2 328.0 32(1 .•1 341. G 291). fi 315. 8 i 307. 8 302. 7 3113. g 320.5 348.9 ':317. :l i :316. 1 Rtocks, crude and refined (factory and ware- I honsel ,en

HIDES AND SKINS , I Exports: \'alue, total? .. _. ______thous. $ __ 7, 179 6, 909 5. 510 7. 677 5, 501 6. 799 5, 249 5, 726 6. 609 5, 861 7,124 7.25f:i 1 5, 711 ('alfan

1961 1962 1962 1963 1964 Unless otherwise stated, statistics through 1962 I --- and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS Dec. Jan. I Feb. :\Iar. I Apr. May June July Aug. I Sept. I Oct. j ~ov.j Dec. Jan. average I I I I I I LEATHER AND PRODUCTS-Continued

LEATHER MANUFACTURES

I Shoes rt!l(] slippers: Production, totalt------____ tho us. pairs __ 49,409 49,8il3 41,071 'i2, 413 I 49, 760 .\I, 983 I 49, 3f> -I 48, 863 44, 635 H. 848 55. 670 50. 132 '53, 80£ 44. 671 Shoes, sandals, and play shoes, except athletic thous .pairs __ 42.303 35,934 47. s:l.' I 44. HIH 46. 02G 43,2.11 41,915 37, 997 38.430 46.686 40. 486 '42. 784 :).). 992 Slippers for house wear ______do ___ _ li.IJ47 4l.·~~~ -t-,077 4. 9S9 .1_084 5. 85.) 5.36" 7, .526 8. 087 •9. 212 7. a.~i 4. 1 3. ·'· 401 Athletic ______do ___ _ 553 583 509 ~~~ ~~~ !iWl 612 660 558 377 49fi 486 '!iOII 4:lH Other footwear------______do_--- 505 584 551 41.3 373 4n3 420 433 679 673 963 I. 073 J.:ml ~>'4 Exports ______do ___ _ 179 177 !.54 73 214 161 160 145 136 182 190 205 I 2os 132 Prices, wholesale, f.o.b. factory: l\Irn's and boys' oxfords, drrss, elk or side I upper, Goodyear welt ______!957-59=100__ 105. 5 105.6 105.1 !O:i. 1 105. 1 105.1 10.5. I 105.1 105. I 105.1 105. 1 105. 1 105. I i 105.1 Women's oxfords, elk side upper, Goodyear welt ______1957-59 = 100 __ 108. I 107. 8 106.5 left~ 106. 5 106. 5 106." 1 106. 5 106. 51106. 5 106. ,\ 106.5 101\.51 106. 5 Women's pumps, low-medium quality ___ do ___ _ 110.2 111.2 111.8 110. \) 110. 6 111.0 109.\J 110.2 110.0 Ill. I 111.3 111.1 111.3 110. fl

LUMBER AND :\IANUF ACTUHES

LUMBER-ALL TYPES !\ationnl LumlH·r Manufacturers Association:ci' I Production, totaL ______mil. hd. ft __ 2, 008 2. 7o4 2. 421 2. 5511 2, ~78 2. 935 3.121 2, 835 2, 743 3.145 3. 115 3.244 2. 79S 2 ..\59 Hard woods ______.------______do_--- 491\ 530 537 52 11 2. ''''31541 .181 li21l IH3 619 551 588 1)()9 617 GOO Sill Softwoods ______------______do ___ . 2, 172 2. ~34 I, 884 2,024 ~. 1:.!:2 2.:207 2.31!9 2. 508 2, :21fl 2.189 2, 557 2, 501) 2, H27 2, 19R 2.0.18

Shipments, totaL------·----- ______do_--- :2, 7~2 :2, 777 2. 3>'0 2.1i21i 1 2. ti3~ '2, b23 2, 9ti9 3. 235 :z, n23 2, f!3U 3.1011 2. 903 3. O!i-1 2, 707 2. 070 H ar'311 1, SfiO I. 887 1.914 1, Hli.f 1. 9x7 . 1. 0/1 Sofh\'Oods _____ ------______do ___ _ .o. 131 4. 817 "1. 8.11 4, 825 4. H81l 4, 9.\H 4. 9-13 4, .589 4, 377 4. 42.5 4. 540 cl, .129 4. 56S l 4. fi/0 Exports, totnl srnnnill prodtH'ts ______do ___ _ 63 1)3 64 58 61 71 63 83 t)fl Ti 76 77 R4 82 k4 Imports, total sawmill products ______do ___ . 355 408 301 252 410 423 -!25 463 516 616 575 ------·-1 ______SOFTWOODSci' Dou~las fir: Orders, new ______mll. bd. fL_ IHO 680 ()36 ll23 f\37 724 759 ()1)-! r.o9 li18 719 Rllll 649 Orders, unfilled, end of month ______do ___ _ 471 491\ 507 ti09 51iH ,1)';'7 542 554 521 450 491 5~11 52R i I Production ______,]o ___ _ 114'2 ()1)5 5~0 flf'J5 051 7115 732 72() 595 542 692 700 Shipments ______do ___ _ ot\6 : 63H ti42 ti73 1 ,o7! li19 580 li7k 71H 793 li51 li43 l\89 677 641 f>59 Stocks (gross), milJj end of month ______do ___ _ L 12() 991 938 983 I. 054 1,082 1.098 1.1131 974 882 894 9:2;) 923 903

Exports, total sawmill products ______do ___ _ 23 26 26 25 24 3'' 32 35 22 30 31 26 37 37 8aw0d tim her ______do ___ _ 10 10 8 9 9 14 11 II 8 9 11 10 14 noaf(ls, planks, scantlings, etc ______do ___ _ 2R 12 17 18 17 15 1\1 21 24 14 21 21 16 23 19 Priers, wholrsalc: Dimension, construction, dried, 2" x 4". R. L. $perM bel. ft__ 78.43 78.65 76.66 77. 82 78.24 78.13 78. ()7 79.86 80.84 86.00 85.90 79.86 77.96 p 77. 72 Flooring, C and better, F. G., 1" x 4", R. L. ' $per M hd. ft__ 124.21 122.52 126. 44 127.42 129.12 130.05 130. 51 131.74 131.74 138. 45 136.72 137.67 1'139. 77 1------Southern pine: Ordere new ______mil. bd. ft__l 475 478 34f> 437 .\03 483 553 .).\3 491) 541 523 48f> 562 483 379 224 255 225 243 250 27fi 318 309 312 305 279 2ti9 279 264 2,1)6

~::~,~::~t~onn~~~~d: ~~-~-~(-~~~:~-~ ~~:::: ::::::::::::: 4GB 478 39G 4.11 42t) 41)1) 489 531 47S 511 518 503 545 484 411 Shipments ___ ------______do ____ l 47-! 475 352 419 39\l 457 511 552 493 548 549 496 552 498 : 387 Stocks (gross), mill and conc<•ntration yards, end of montlL ______mil. hd. ft__ 1, 360 1,366 1, 388 I, 420 1,450 I. 453 1. 431 1,410 I. 395 1, 358 l. 327 I. 334 I. 327 I. 313 i I. 337 Exports, total sawmill products ______M hd. fL_ 5, 827 6,325 5,898 I, 393 7. 614 6.075 5, 174 9, 761 5, 334 .). 926 7.174 4. 608 7, (-i7ti 8. 210 7. 95.) 8awrd t~mhf'r ------_do ___ _ 1. 342 I, 571 673 305 761 655 907 I. 402 534 987 675 397 I 833 I. 225 I. 300 Boards, planks, seantHngs, etc ______clo ___ _ 4, 486 4, 754 5, 225 1, 088 6. 853 5. 420 4. 267 8,359 4, 800 4, 939 6,499 4, 211 (i,843 6. 985 6. f\fi5 Prices. wholesale, (indexes): Hoards, No. 2 and better, 1" x 6", R. L. 1957-59~100 __ 92.7 D3. 1 91.1 DO. 9 90.9 91.2 91. 7 92.1 92.9 93.9 94.3 94. o I 92.8 '93. 0 Flooring, nand better, F. 0., 1" X 4". s. L. I 1957-59=100 __ 95. 3 94.6 94.9 P4. 6 94.4 94.4 94.5 95.0 95.3 95.5 H5. 7 96.0 95.1i 95.6 ""~Pstf'rn pine: 1------Ortlers, ncw ______mll. bd. ft__ /1)4 sao 725 738 7ti2 776 87.5 941 910 942 892 8Gfi 1,002 730 I 759 Ortlc•rs. unfilled. end of month ______do ___ _ -111) 361 359 403 3ii7 364 424 400 417 435 356 347 384 35~ I 347 Production_--· ___ ------______do ___ _ 754 789 684 f>30 753 7113 I, OOG Shipments ______-----______cJo ___ _ 833 9Hi 835 8ll6 977 99:! 77'2 749 71)5 797 fl94 f>80 79H 779 Hl5 91l.l 894 924 971 875 S37 762 764 Stocks (l!l'oss), mill, end of month ______do ___ _ 1, 858 1,1l79 1, 779 1, 728 I, 683 1. 737 1. 7:37 I. 636 1. 577 1, 519 1, 554 I. 656 UiS3 1.693 1.1)78 PrlcP, whoiPsale, Ponderosa, boards, No.3, 1" x 12", R. L. Wand oYer) ______$ per :\T bd.fL 69.63 67. 43 65. 21l 64.95 65. 11 6f.. 06 67. 72 68.53 69.06 70. 79 72.16 70.56 65. 96 p 65. 96 ------HARDWOOD FLOORING Flooring: Maple, beech, and birch: Orders, new ______mil. bel. fL_ 3.1 3.1 2. 4 3. 0 3. 0 3. 4 2. 8 3. 4 3. 5 2. 8 3.1 2. 0 3. 2 2.1 Orde", unt!lled, end of month ______do ___ _ 2. 2 Production ______do ___ _ 11.3 10.5 9.8 10.5 !0. 6 11. 5 II. 6 II. 4 II. 4 10.5 10.2 10.0 10.6 10.4 !'I. 5 S hiprnent s . ______do ___ _ 3.1 2. 7 2. 6 2. 8 2. 7 2. 7 2. 8 2.8 2. 5 2. 7 3.3 2. 8 ' 3.3 2. 5 2. ti 3. 0 2. 9 2. 0 2. 4 2. 6 2. 4 2.6 3. 2 3. 4 3. 4 3. 3 2. 4 :!.ll 2. 4 1.9 Stocks (gross), mill, end of month ______do ___ _ 8. 7 7. 9 6. 3 6. 8 6. 9 7.1 7. 4 6. 9 6. 2 5. 5 ,), 4 5. 8 {),() 6. 6 7.1 Oak: Orders, new------______do ___ _ 64. 2 65.7 47.0 ()7. 7 76.0 70. I 68.3 77.0 68.4 72.9 75. 5 64.9 72.8 55. I ,,1.11 Ord<'rs, unfilled, end of month ______do ___ _ Production ______. ______do ___ _ 35.6 42.8 29.4 3:1.3 50.8 52.3 51.6 52.1 49.6 48.1 47. 5 44.9 40.4 34. 7 31). 9 65.5 65.0 54.0 67. 4 58.1 (i2. 7 69.3 76.7 70.11 72. 2 75. 3 79.9 68.3 62.8 69.41 65.4 65.9 49. I 63. ~ 58.61 67.1 70.2 77.6 74. 5 74. 4 76. 1 68.6 77.5 1)4. 7 51\. 4 ~r~~~cl'~~~ss): ~111~ -,:";!-or~,;,; i11: =::: ::J~:=:: J 100.8 75.2 48.5 52. I 51.6 47.2 45.8 44.8 40.2 38.0 37. '!. 38. 7 39. 7 41. 4\i.li I

r RL'd:-;ed. P Prrlhnin,uy. c Correetl•d. 1 Shipments for ~o,~. 1962 should read d"Revisions by 1nonths for 19()1-0ct. HHl2 for production, shipments, and ordt'rs will be 6.::, lllil. bd ft. shown later; those for 1951-62 for stocks appear on p. 28 of the Jan. 196! 8eRVEY. tHc•,·isions hy months for 191\J-SqJt. 19f>2 are shown in nu. of Cc•nsusreport :\I31A(62)-13. S-32 SuRVEY OF CuRREXT BuSINESS

1961 1962 1962 1963 Unless otherwise stated, statistics through I 1964 and descriptive notes are shown in the 196211963 edition of BUSINESS STATISTICS Monthly average Dec. Jan. I Feb. I Mar. I Apr. I May I June I July I Aug., Sept.j Oct. I Nov. I Dec. Jan. METALS AND MANUFACTURES

IRON AND STEEL Foreign trade: Iron and steel products (incl. pig iron, excl. ad­ vanced mfs. and ferroalloys): Exports, total? ______thous. sh. tons __ 1, 018 615 Steel mill products ______do ___ _ 536 220 796 638 688 826 778 913 941 817 790 657 820 166 168 164 .\3 174 179 198 223 169 195 178 162 212 207 230 Scrap ___ ------.do ___ _ 809 426 354 145 556 425 45{) .564 589 698 748 640 552 428 564 Imports, total? ------do ___ _ 329 424 384 266 393 427 500 597 603 669 637 Steel mill products, ______do ___ _ 262 342 311 Scrap1J ______----______do ___ _ 234 340 387 425 516 467 599 547 471 550 519 402 21 22 20 18 13 18 17 30 28 12 14 13 15 16 29 Iron and Steel Scrap

Production and receipts, totaL ____ thous. sh. tons __ 5,315 5,494 5, 251 5, 516 5, 587 6. 519 7,076 7, 538 6, 858 5, 958 p 5, 494 Home scrap produccd ______do ___ _ '5. 511 3, 206 3,387 3,138 3, 347 3, 292 3,877 4, 215 4, 465 4,168 3, 732 '3. 404 p 3, 364 Purchased scrap received (net) ______do ___ _ 2, 109 2, 107 2,113 2,169 2. 295 2, 641 2. 861 3,073 2, 690 2, 227 '2.107 p 2, 130 Conmmption, totaL ______oo ___ _ 5, 361 5, 513 5.4M 5,680 5, 668 6, 825 7, 207 7, 583 6. 867 5. 681 '5. 425 p 5, 572 Stocks, consumers', end of mo ______do ___ _ 8,651 8,844 8, 592 8, 307 8, 225 7, 920 7, 785 7, 738 7. 731 8.011 T 8, 097 P8, Oll Prices, steel scrap, No.1 heavy melting: Composite (5 markets) ______$ per !g. ton __ 36. 64 • 28. 12 25.25 25.61 27. 17 26.51 27.00 28.30 26.20 25.69 2o. 56 26.89 27.22 P27.02 Pittsburgh district ______----- ____ do ___ _ 35.00 •29. 00 26.50 28.00 29.00 28.00 30.50 30.50 25.00 25.00 25.00 26.00 26.00 p 25.00 Ore Iron ore (operations In all U.S. districts): Mine productiou ______thous. lg. tons __ 5, 983 6,050 3,107 3,325 3, 1.>1 3. 763 4,031 8,354 9, 019 8, 933 8, 8()5 8.573 7,318 3. 876 Shipments from mlnes ______do ___ _ 6,033 5,859 I, 198 1, 448 I, 203 1. 419 2.123 9,111 10. 588 10, 704 10. ,)87 9, 718 '9, 141 6.000 Imports ______----______---_do ___ _ 2,151 2, 786 1, 461 I, 374 I. 451 I. 3()2 1. 876 3,053 3, 706 4,170 4. 220 3. 379 3. 961 2. 980 1. 940 U.S. ano foreign ores ano or0 agglomerates: Receipts at iron and steel plants ______oo ___ _ 7, 759 8, 121 2, 789 2, 379 2, 612 3, 4:?(i 4. 026 12.050 13,177 13,070 13. 375 12,535 12.386 8, 932 4. 052 Consumption at Iron and steel plants ____ do ___ _ 8,143 8, 041 7,552 8, 278 i.mn 9. 339 9. 6\11 10,701 10.018 8, 758 7. 548 7, 516 8. 010 8.033 8. 458 Exports ______.do___ _ 415 491 262 81 112 104 178 843 949 1. 258 1. 095 711 715 428 341 Stocks, total, end of mo. ______do ___ _ 81,930 75,737 83,194 79,014 7.5. 835 71.99.1 67, fill 67, 893 At mines ______.oo___ _ 68. 9H9 71, 56!0 75. 732 79,649 81.194 80.036 15, 873 14,657 13, Ll2 15,098 17,046 19.390 21,335 20,568 19.002 17, 22(j 15.505 14.359 IJ, 391 9, 243 At furnace yards ______do ___ _ 59,790 55, 293 63,613 57, 7~0 f.2, (1-tl !0. 720 41.0-04 42,378 45.033 At U.S. docks ______do ___ _ 49,358 5.1.18~ 60.185 64. 550 65,450 61.044 6, 267 5, 787 6,429 6.196 f\, 14~ 5.88.0 4, 947 4, 934 4. 981 5.105 5. 343 .1. 347 ''· 290 '"· 039 5. 253 :!\1nnganese (mn. content), generalimports, __ oo ____ ,' 86 79 41 35 116 107 86 42 105 70 llO 137 67 88 46 Pig Iron: Pig Iron and Iron Produds I Production (excl. blast furnace product ion of fer- roalloys) ______thous. sh. tons __ 5, 393 5, 477 5,337 5, 584 5, 316 6, 449 fi. ift~ 7. 436 6, 940 5, 989 Consumption.------______.do ___ _ 5, 483 5, 550 5,356 5, 677 5, 413 6, 576 6, 905 7, 584 6, 990 5, 909 t;;: l.;g: ,,,. I •""' Stocks (consumers' and suppliers'), end of mo. ···~ 3,250 3,178 3,125 I thous. sh. tons __ 3, 040 2. 969 2, 864 2, 747 2, 634 2, eo9 2, 782 ' 2. 804 p 2. 811 Prices: Composite ______$ per lg. ton __ 115. 95 . 65. 46 62.95 62.95 62. 9.\ 02.95 62.95 62. 9.o 62.95 62.951 62. 75 62.75 62.75 f2. 75 62. 75 Basic (furnace) ______.rlo ___ _ fif>.OO 63.00 63.00 I 65.50 G3.oo f\3.00 63.00 63.00 63.00 63. oo o3. oo 63.00 f\3. 00 p 6:l. 01) Founory, No.2, Northern ______do ___ _ 6G. 63.50 63.50 63.50 W 66.00 63.50 63.50 63.50 63.50 63. 50 63 .•oo 63.50 63.50 p 6:3.50 Ca..c.;tings, ~flY iron: Orders, unfilled, for sale, end of mo. ,7,1 thous. sh. tons __ 653 680 693 755 I 802 818 840 819 806 805 805 692 892 758 Shipments, totaL __ -----_------______.do___ _ 902 963 984 924 I. 055 1,154 I, 218 1, [4(j 1. 00~ 985 1,037 1.194 1, 049 For sale _____ ------do ___ _ 515 527 464 496 483 558 653 688 64o 578 608 598 '673 576 Castings, mallrahle Iron: Orders, unfilled, for sale, end of mo. 82 thous. sh. tons __ 56 73 80 83 83 79 78 77 82 82 82 78 80 Shipments, totaL_------_____ -----______do ___ _ 60 72 70 80 75 81 82 85 78 68 68 74 78 For sale.------______.do ___ _ 39 87 36 41 45 42 45 46 48 44 37 40 42 50 42 Steel, Crude, Semiflnlshed, and Finished Steel ingots and steel for castings: 8,168 8, 194 8,080 8,391 8, 222 10, 080 10,695 11,490 10, 365 8, 654 i, 782 7. 858 8. 483 8. 488 ' 8. 753 p 9. 512 Production ___ ·--~------thou~. sh. ton~-- 134. 0 139. 3 Index ____ ------1957-59=100.. 100.9 101.2 97.9 101.7 110.3 122.2 129.8 104.9 94.3 98.4 102. 8 106. 3 106. 1 115. 3 Steel castings: Orders, unfilled, for sale, end of mo. thous. sb. tons __ 153 183 181 193 196 207 215 217 201 217 216 219 225 255 Shipments, totaL--_------__ ---_do ___ _ 101 119 109 115 116 127 130 145 131 105 119 121 135 126 For sale, totaL------do ___ _ 78 93 86 91 91 99 104 115 105 86 95 97 ' 107 101 Steel forgings (for sale): Oroers, unfilled, end of mo ______do ___ _ 274 308 282 282 305 310 323 312 297 306 310 298 124 125 Shipments, totaL------__ .do___ _ 99 113 97 115 Ill 122 118 96 105 115 r8~ 1 m Drop and upset------do ___ _ 73 86 74 85 82 92 92 93 87 74 78 91 95 84 Steel products, net shipments: Total (all grades) ______do ___ _ 5, 510 5,879 5,001 5, 731 .0,604 6,691 7,308 8,061 7,375 6,460 5,895 5, 455 5. 927 5. 617 5. 540 Semifinished products ______do ___ _ 212 231 211 236 235 272 314 342 316 237 206 212 266 285 252 Structural shapes (heavy), steel piling ___ do ___ _ 395 395 330 354 366 442 498 548 479 451 456 417 464 428 420 Pia t es _____ ------_- _------_do ___ _ 496 522 460 484 514 613 632 715 652 636 579 587 614 608 588 Rails and accessories. ______do___ _ 70 86 68 71 97 102 109 113 Ill 84 91 90 70 74 92 Bars and tool steel, totaL ______do ___ _ 839 916 778 878 849 1,009 1, 119 1, 245 I, 136 966 910 848 948 909 853 Bars: Hot rolled (incl. light shapes) ____ do ___ _ 532 597 531 612 593 703 735 844 743 584 536 490 580 584 579 Rein !orcin g_--______do ___ _ 204 199 147 144 141 177 247 254 256 279 269 260 258 220 167 Cold finished_------____ do ___ _ 98 112 93 113 108 120 129 139 129 97 97 90 103 97 99 Pipe and tublng ______do ___ _ 589 592 394 440 433 564 706 768 724 699 631 569 605 468 442 Wire and wire products ______do ___ _ 253 259 199 237 231 282 324 350 302 255 250 244 263 221 192 Tin mill prodtiCts ______do ___ _ 510 505 303 539 495 567 567 606 560 533 541 405 404 352 323 Sheets and strip (Incl. electrical), totaL __ do ___ _ 2,147 2,373 2, 257 2,491 2,384 2. 840 3,038 3,373 3,094 2, 599 2, 232 2. 084 2.293 2,272 2,378 Sheets: Hot rolled ______do ___ _ 585 646 643 580 668 804 888 986 891 708 582 571 655 672 685 Cold rolled ______------do. __ _ 1,013 I, 126 1, 090 I, 208 I, 130 I, 354 I, 434 I, 594 1, 455 1,213 995 898 1,019 1,044 I, 149 Steel mill products, inventories, end of mo.:t Consumers (manufacturers only) __ mll. sh. tons ___ ------10.3 8. 4 8. 5 8. 6 9.0 9. 4 10.2 11. 2 11.9 11.6 10.9 10.0 9. 5 p 9. 2 Receipts

1961 1 1962,1962 Unless otherwise stated, statistics through 19621 l----~-----.-----.----.-----~---1,96,3______,_---,,----,-----,-----l~ and descriptive notes are shown in the 19631 Monthly edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. I Apr. I May I June I .July I Aug. I Sept. I Oct. I Nov. I Dec. Jan. I METALS AND MANUFACTURES-Continued

IRON AND STEEL-Continued Steel, Manufactured Products Fabricated structural steel: Orders, new (net) ______thous. sh. tons __ 343 302 478 328 286 3I2 389 409 345 302 350 289 322 262 440 Rhl pmcn ts ______.do.-__ 318 322 282 235 244 306 355 390 360 370 411 371 411 324 321 Backlo~, end of year or mo ______do ___ _ 2. 723 2,624 2,624 2, 609 2, 708 2,864 2,613 2, 668 2,396 2. 458 2. 323 2, 297 2, 260 2. 2:ls 2. 322 llarrels and drums, steel, heavy types (for sale): Orders. unfillerl, enrl of mo ______thous __ 1, 521 I. 404 1, 2~5 I. 296 1,395 I, 297 1. 288 1,306 1, 354 1.322 1. 274 1, 281 1,233 I. 107 8hipment.s. ______------_ ..do. __ _ 1, 834 1, 947 1, 537 I. 714 1,807 2.053 2,029 2. 285 1,863 1. 999 2. 058 1, 956 1. 994 1. 702 Cans (tinplate), shipments (metal consumerl), total for sale and own use thous. sh. tons __ 418 431 320 338 310 365 413 439 434 494 554 323 NONFERROUS METALS AND PRODUCTS Aluminum:

I76.5 182.4 184.2 16.~.0 181.6 181.3 192.9 192.5 201.4 203.1 197.4 205.1 201. I :::;;::::;~~::::yfr~::~:::~-~~h~~~:~~:~h~~:: n~: ~ 133.2 47.0 49.0 57.0 61.0 67.0 63.0 63.0 58.0 67.0 66.0 71.0 63.0 Imports (general): Metal auhil alloyts, crude------~0____ 1t ~ 25.6 22.2 22.3 21.5 18.6 30.6 35.5 !7. 4 53.9 40.3 38. 2 34.5 36.9 36. 1 Plates. s eets, e c.------.. o ___ _ 4. 9 2.3 1.7 3. 4 3. 5 3.3 3.3 2.8 4. 1 3. 7 3. 5 4. 0 4.1 :l. g Exports, metal and alloys, crude ______do____ 10.7 12.6 13.8 5. 2 17.0 16.6 16.8 16.9 12.6 16.0 13.6 13.0 13.2 12.6 11.9

Rtocks, primary (at reduction plants), end of mo. _ thous. sh. tons.. .258 2 153. 1 140.1 154.4 139.0 119.6 101.7 88. 2 83.3 85.7 94.5 93.8 96.9 110. 7 Price, primary Ingot, 99.5% min ______$ per \h __ 2546 . 2.338 . 2254 .2250 . 2250 . 2250 .2250 . 2250 . 2250 . 2250 . 2250 . 2250 . 2298 . 2300 . 2300 . 2300 Aluminum shipments: Ingot nnd mill products (net),!'> ______ml\.lb __ 403.4 464.3 436.9 487.1 471.0 496.8 537.5 591.2 526.0 .526. 4 552.9 ,13.5. 6 ' 584. 6 488.8 M!ll products, total ------do ___ _ 278.8 317.6 282.5 330.6 307. 1 345.0 3.16. 0 402.7 359.7 362. I 377. 7 345. 8 ' 423. 7 323.2 Plate and sheet (excl. fol\) ______do ___ _ 124.4 142.6 131.1 153.9 136.7 159.8 166.6 198.0 172.2 175.1 I79. 7 161.3 210.0 144.4 77.2 Castings ____ . __ . __ . ------do ___ _ 63.5 74.6 84. 5 79.2 82. ·' 83.5 83.1 78.5 6-5. 1 75.5 77. 0 85. 0 79.8 Copper: Proiluctlon: Mine, recoverable coppert. ____ thous. sh. tons .. 97. I 102.4 101.6 102.2 94.4 105. 1 '105. 2 105.0 '92. 9 86.1 96.8 99.1 109.8 106.3 107.0 Refinery, primary------do ___ _ 129.2 I34.3 127.9 121. fi 121.7 134.3 132.1 137.2 138.9 135.5 134.9 129.0 138.0 131.8 141.3 From ilomestlc ores ______i!o ___ _ 98.4 101.2 99.5 107.1 92.5 100.6 101.2 106.7 102.4 101.7 98.6 95.1 103.5 103.7 106.3 From foreign ores ______rlo ___ _ 30.8 33.1 28.4 14.6 29.2 33.6 30.9 30.5 36.5 33.8 36.3 33.9 3'1. 5 28. I 35.0 Recondary, recovered as refined ______do ___ _ 21.9 22.7 21. 1 22.8 25.f> 27.5 25.4 24. 1 24.4 17.7 23.3 24.9 25.8 23.3 23.7 Imports (general): Refined, unrefined, scrap(!), ______do ___ _ 38.4 40. 1 39.9 26.2 24.7 61.3 35.2 42.9 46.2 41.0 54.3 70.8 ,jJ. 7 '32. 8 .13. 1 Refined ______do .••. 5. 6 8.2 20.2 7. 6 6.6 4. 4 8. 4 9.0 9.6 11.0 17.2 13.3 12.2 11.8 7. 4 Exports: Refineil, scrap, brass and bronze lngots... do ___ _ 48.4 32.1 37.5 13.9 27.3 30.6 29.7 33.1 32.0 27.6 37.5 29. 5 29. 5 30. 0 39. 7 Refineil ______---- ____ ------__ ••. do. __ _ 35.7 28.0 35.4 12. 7 24.2 26.8 24.7 27.2 28.9 22.7 33.0 25. 3 25. 6 26. 4 33. 9 Consumption, refined (by ml\l8, etc.) ______do ___ _ 124.0 134.2 121.8 147.6 142.6 153.3 147.6 160.5 155.4 109.2 144.4 142.0 p 163. 7 p 147. ,5 p 140.7

Stock"· refineil, end of mo., totaL ______i!o ___ _ 187.7 177.5 201.2 200.8 199.6 193.3 184.4 168.0 153.3 197.2 183.8 173.8 pI 54.7 p 150.3 p 145.3 105. I 102.0 Fahrlcators' ______------ilo. __ _ 102.0 104.0 98.2 98.9 98.8 89.2 87.6 119.2 115.1 103. o p 80. 1 • 7.o. 9 p 82.8 Price, bars, electrolytic (N.Y.) ______$ per lb •. . 2992 .3060 .3060 .3060 . 3060 . 3060 .3060 .3060 . 3060 .3060 .3060 . 3060 . 3060 . 3060 . 73060 . 3060 Copper-base mill and fonnilry product•, shipments (quarterly avg. or total): 517 578 Copper mill (hrass mill) prodncts ______mfl. lb .. 500 595 669 578 p 623 Copper wire mill products$. ______do ___ _ 388 409 422 414 445 398 212 229 "45S Brass ani! hronze foun.i!ry prodncts ______do ___ _ 227 235 239 234 p 240 Lead: Prr,rlnrtion: Mine. recoverable leadt. .•..••.thous. sh. tons__ ~J:~ I9. 7 14. 6 ' 15.2 '13. 3 ' 14. 7 '20. 9 '24. 2 22.3 23.6 '24. 5 22.2 24.7 22.6 22.6 Secondary, recovered from scrap$ .• __ ...do ...• 37.0 36. 7 37. 5 38. 7 41.4 39.4 38. 9 38. I 33.6 39.8 40.5 47.0 43.7 33.7 Imports (general), ore$, metal, ______do ___ _ 33.4 25.7 31.1 24.1 34.9 30.1 30.2 34.1 31.9 '24. 8 31. 5 32. 1 38.1 33. I Congumptlon, totaJt __ ------do ..•. 85.6 92.5 91.5 99.7 95.1 91.9 94.6 97.2 93.4 85.0 92.7 93. 5 '108. 6 101.9 Stocks, enil of year or mo.: Proi~s: iii~~----~-_~:::::::::::::::====~~~~~~~=: 3,152 3,177 3,664 3, 929 3, 732 4. 996 4,384 3, 451 4. 081 2, 327 3. 546 3. 080 3.109 ------E~tlmatecl recovery from scrap, total$ •... do. __ _ 1, 810 !, 750 1, 675 1, 87fi 1, 760 1, 840 1, 830 1, 930 1. 895 1, 565 1, 690 1, 760 1. 925 1, 990 As meta]. ______------.do. __ _ 250 2!i0 260 21.5 195 225 235 230 210 220 215 235 240 Consumption, pig, totaL ______do ___ _ 290 6, 520 6,590 ·"· 515 6,365 6,195 7,115 7,070 7,420 6. 985 6. 425 6, 470 6.030 6, 705 5. 490 Primary ______------do ___ _ 4,190 4, 550 3. 76C 4, 415 4,445 5,115 5,085 5, 290 5,035 4, 770 4. 530 4,145 4,455 3, 630 Exports, Incl. reexports (metal) ______do____ 67 36 6I 5 84 64 84 27 410 97 151 265 170 102 165 Stocks, pig (Industrial), end of mo§ ______do. ___ 22,630 2I, i30 21.654 21,505 22,095 24. 025 22, 51.> 21,255 25, 585 24, 110 28. 590 32. 000 30.980 30.245 Price. pig, Straits (N.Y.), prompt.... $ perlh __ 1.1327 1.1461 1.1064 1.1106 1.08.54 I. 0922 1.1302 1.1665 1. 1772 1.1534 1. 1484 1.1611 1.1997 1. 2704 1.3020 I. 3402 Zinc: Mine production, recoverable zlnct thous. sh. tons __ 38.7 42. I 42.0 '43. 7 41.5 '43. 7 '46.1 '45. 5 '42. 5 '40. 5 '44. 9 '41. 5 46.9 45.1 Imports (general): 45.1 Ores$, ___ ------do ___ _ 34.6 39.0 32.1 31.9 32.2 29.6 34.3 28.0 34.8 33.9 31.7 27.0 26.9 29.8 33. () Metal (slab, blocksJ'------do___ _ 10.6 11.8 14.4 8. 7 7. 9 I8.0 11.7 10.4 7. 7 11.9 8.2 19.4 11.0 15.2 Consumption (recoverable zinc content): 14. 7 Ores$. __ ------.do.•• _ 8.1 8. 2 8. 5 7.6 7. 4 7. 9 8.2 8. 9 8. 9 8.1 7.1 8. 2 8. 7 7. 7 Scrap, all types._ ------dO---- 14.9 I6. 7 17.8 16.1 15.6 16.I 1 15. 1 1 16.8 15.8 15.4 15. 5 16.1 '16. 6 16. 1

' Revised. • Preliminary. I Recoverable aluminum content. Monthly data are $Basic metal content. ,See similar note, bottom p. S-32. expre8sed in metallic content (incl. alloying constituents\. ci"Consumers' and secondary smelters' stock of lead In refinery shapes and In copper- 6Beginnin~ Jan. 1963, net shipments of ingot derived by new method to Include Imports base scrap. §Effective Sept. 1962, includes surplus tin held by OSA (i.e., tin to he otfcrcd not previously included. t Revisions for 1962 are in the Sept. 1963 SuRvEY. for sale and tin for which bids to purchase were rejected by GSA). S-34 SURVEY OF CURRENT BUSINESS

1961 1 1962 19621 1963 19/i~ Unless otherwise stated, statistics through 1962 and descriptive notes are shown in the 1963 ~Tonthly I I I I I I edition of BUSINESS STATISTICS I average Dec. Jan. Feb. :'>Iar. Apr. May June July Aug. Sept. Oct. I }l"ov. I Dee. .Jan. ------"M"E'""Tm-.-A--;o-L-'-;:S"A~NiTD~"M"A"o;;:NUFACTURES-Continued NONFERROUS METALS AND PROD.-Con. Zinc-Continued Slab zinc: . I Production (primary smelter), from domestic and foreign ores ______thous. sh. tons .. 70.6 73. 3 76.0 77.0 69.6 77.0 73. 1 77.3 69.6 69.0 72. 5 78. I 79. ~ Secondary (redistilled) production.- _____ do .... 4. 6 4. 9 ~- 9 3.8 3.6 3. 9 4.1 4. 5 4. 4 4. I 5. 4 6.0 5. 3 Consumption, fabricators' ______do.--- 77.6 86.0 Rl. 5 84.8 81.3 86.5 93.4 99.2 91.1 85.4 90.6 99.3 88.5 Exports. ______do __ __ 4. 2 3. 0 1.6 . 4 3.3 3. 2 :HI 3. I 2. 9 4.4 4.9 4. 1 2. 0 2. 4 1.9 1.3 Stocks, end of year or mo.: Producers', at smelter (AZI)L>, ______do ___ _ 146.9 144.7 149.6 !.57. 1 154.7 1f>4. 2 140.7 126 ..) 105.9 80.0 64.6 55. 4 53.9 50.2 55. 1 48. 2 Consumers'------______do .. --- 95.9 80.0 75. ,) 72.0 68.9 66.4 65.7 64.3 69.5 86.4 8~.1 90. 1 '88. I 88.5 Price, prime WeHtrrn (St. Louis) ____ $ per lb .. .1154 . 1162 .1150 . 1150 . 1150 . 1150 .1150 .1150 .1150 .1202 0 1250 .1250 .1250 . 1250 .1294 HEATING EQUIPMENT, EXC. ELECTRIC Radiators and convectors, cast Iron: Shipments ______mil. sq. ft. radiation__ l. 5 1. 0 . 7 1. 0 . 9 1.1 .9 . 6 . 9 . 7 1.0 1.4 1.4 1.8 2.9 2.9 2.9 2.9 Storks, endofyearormo ______do____ 2.6 a3 2~ ~9 ~9 ~5 2.4 1. 9 1. 4 1.3 011 burners: h 43.7 39.8 26.7 40.8 39.5 Shipme.nts ______t ous.. 37. I 39. 2 43.0 48. 7 41. 9 58. 5 75. 7 72. 4 56. 0 Stocks, end of year or mo ______do____ 44. 7 49.9 49.9 56. 3 60.4 ~5 m~ m7 MS M1 63. 8 51. 8 49. 5 4.5. 2 Stoves and ranges, domestic cooking: Shipments, total (excl.llquld-fuel types) ... do.... 147.8 166.7 147.6 150.0 161.3 177.1 176.9 187.3 177.3 155.3 185. 0 198. 9 207.3 144.7 163.6 145.5 148.2 159.1 173. 7 Gasci" ______do____ 174.7 174.6 185.0 173.9 152.6 181. 3 194. 9 202. 5 170. 7

Stoves, domestic heating, shipments, totaL-- do____ 143. 2 1,07, 0 93.5 101. 8 97. 4 126.4 105.6 116.9 158. 4 180.8 254.2 239.1 258. 2 183.6 Gas------.do____ 91. 6 94. 1 62.2 58.8 47.2 79.2 55. 7 62. 6 103.4 110.0 171.4 146. 3 170.4 132.0 Warm-air furnaces (forced-air and gravity air-flow), shipments. totaJ. ______thous.. 97.9 108.9 90.4 94. 1 91. 2 90.8 94.1 104.8 113. I i 116. 4 140.2 168. 8 170. 4 133. 8 Gas ______------__ .. do_--- 76. 7 87.1 74. I) 77. 3 75. 4 75.2 80.5 85.3 91. 4 ~ 94.6 110.4 130.6 134. 5 107. 8 Water heaters, gas, shipments ______do.... 204. 7 217.7 251.8 199. 2 189. 4 198 ..5 223.1 218.0 231.2 ! 183 ..5 184.9 179. 7 228.1 176.8 MACffiNERY AND APPARATUS Fans, blowers, and unit heaters, qtrly. totals: Fans and blowers, new orders ______mll. $__ 140.8 I 40.2 36.4 40.0 43.7 I______39.9 115.7 Unit-heater group, new orders ______do____ 116.2 17.6 13.3 16.7 14. 6 Foundry equipment (new), new orders, net 1------1 ------mo. avg, shipments, 1957-59=100.• ------­ 111.4 77.0 127. 6 124. 6 87. u 107.3 148.7 135.1 127.6 160.4 122.3 184. 8 ------,·------127. I 129. 6 Furnaces, Industrial, new orders, net: Electric processlng ______mll. $__ 1.0 1.2 . 8 . 8 I. R 1.0 I. 9 1.0 1. 5 1.0 1.0 . 7 .9 .9 I 1.0 Furl-fired (exc. for hot rolling steel) ...... do.... 2. 6 2. 8 1.7 0 8 3. 4 5. 5 3. 1 4.7 1.4 1.6 5. 7 2. 7 4. 6 4. 3 3. () Material handling equipment (Industrial): Orilers (new),lndex. ______1957-59=100.. 103.4 112.6 99.2 134.1 88. 5 120.2 145.9 150.4 119.3 139.0 t:l6. 6 120. 9 136. 8 116. 9 Industrial trucks (electric), shipments: Hand (motorized) ______number-- 385 .500 576 c73 483 529 579 558 550 579 433 563 602 523 59() Rl r machinC>s: such sale~ (exc1. exports L;l'roduccrs' storks, elsewhere, end of Jan. 1964, 17,100 tons. totaled 2,200 units in Dec. 1963. · · c;'1lncludes data for built-in gas fin•d oven-broiler units; sllipnwnts of cooking tops, not ~Radio production comprise~ table. J,f,rtable hath:ry, auto, and clock model.-;; l)rginnin~ in<:ludcd in figures a bow, totaled 28,~00 units in .:\ov. 1963. Jan. 19ti4, tl'le,·ision st~t:-; indude figures fur color sets. Fehrunry 1!)64 SURVEY OF CURRENT BUSINESS S-35

Unless otherwise stated, statistics through 19621 1961 1 1962~~ ----.--.------.---.------.--1-9,63-----.-----.---.------,,-----.--)~ and descriptive notes are shown in the 1963 edition of BUSINESS STATISTICS ~r;e~~l~~ Dec. Jan. I Feb. \ :\Iar. I Apr. I :\lay I June I July Aug. I Sept. I Oct. I ::-.loY. \nee. Jan. PETROLEUM, COAL, AND PRODUCTS COAL I Anthracite: Production __ ------thous. sh. tons__ 1. 454 I. 408 1,515 1, 611 1, 345 1. 595 1, 492 1. 682 1, 783 I, 326 1.959 1, 690 1, 809 uo5 I 1.608 1.525 Exports __ ------______do____ 120 156 215 70 184 266 195 340 286 212 420 407 345 319 309 Prices: Retail, stove, composite ______$ per sh. ton__ 28. 14 28.63 29.14 29.14 29. 14 29. 14 29.14 28.30 2R. 62 28.84 29. 04 29. 79 30. 00 30. 54 30.95 Wholesale, chestnut, f.o.b. mine ______do ____ 13.347 13.050 13. 930 13.930 13. 930 13. 930 12. 180 12.180 12.565 12. 775 12.985 13. 510 13. 510 PJ4. 4J.5 )1tuminous: Production __ ------thous. sh. tons__ 33,581 35,178 33,104 36,870 34,100 33,640 37.920 40,800 38,970 27,810 41,920 39,990 •44, 500 •38, 470 37.790 40,000 Industrial consumption and retail deliveries, total <;? ______thous. sh. tons __ 31,200 32,314 36,709 39,886 35, 862 34, 872 31, 293 31, 885 31,401 31,614 32,470 31.596 33,814 '34. 388 40,199 Electric power utll!tles ______do .••• 14, 969 15, 903 18,213 19, 684 17,624 17,073 15,378 15. 717 16, 191 17,053 17,649 16,566 17,593 17.783 20.727 Mfg. anrl mining Industries, totaL ______do ___ _ 13,856 14,006 14,660 15,491 14.310 15.496 14, 870 15.239 14,426 13,648 13,583 13,405 14,612 '14. 615 16.329 Coke plants (oven and beehlve) ______do ___ _ 6, 157 6, 188 5, 866 6, 153 .5, 753 6. 719 6. 919 7, 319 6. 948 6, 544 6.112 6,0:!9 6. 370 '6. 241 6. !\70 Retail deliveries to other consumers ______do.... 2, 311 2, 349 3, 814 4, 710 3. 928 2. 302 I. Oil 830 703 841 1, 153 I, 536 1, 511 1. 905 3.118 Stocks, industrial and retail dealers', end of month, total <;? ______thous. sh. tons __ 69,126 67,960 69,691 63,804 59,473 56,959 59, 7(l4 64.551 67,638 63,318 67, 002 69, 388 n, 708 • 73.383 70.320 Electric power utllltles ______do ___ _ 47,618 46, 6(;5 48, 975 44.906 41,454 39. 704 41, 554 . 45, 157 46, 799 44, 625 46, 912 49, 138 51, 722 52.383 49,314 .Mfg. and mining industries, totaL ______do ___ _ 20,970 20, 845 20, 234 18,508 17. 677 16.949 17,907 19. 033 20 381 18, 199 19, 555 19, 712 20, 423 '20, 391 20.507 Oven-coke plants_ ------do ___ _ 9, 680 9, 044 8, 305 7, 339 ~~ ~~ ~~ ~~ ~~ ~~ 6, 919 7. 290 7. 912 ' 8. 054 8.016 Retail dealers __ ------do ___ _ 538 449 482 390 342 306 303 361 458 494 535 538 563 609 499 Exports ______do ___ _ 2, 914 3, 201 2, 656 2, 223 2,.548 2. 7221 3, 561 4, 573 4,110 3, 685 5,325 5. 266 5. 029 4. 500 3. 536 Prices: Retail, composite __ ------$ per sh. ton __ 17.12 17.30 17.62 17.62 17.63 11. 63 I 17.52 17.14 17.04 17.13 17.13 17.46 17.69 17.73 17.83 Wholesale: Screenings, lndust. use, f.o.b. mine _____ do ___ _ 15.018 14.918 4. 914 2 4. 739 4. 752 4. 757 I 4. 726 1 4. 746 4. 753 4. 757 4. i52 4. 745 p 4. 745 Domestic, large sizes, f.o.b. mlne ______do ___ _ 7. 541 1 7. 443 7. 858 2 7. 281 7. 184 6. 7.54 6. 533 6. 813 4. 7521 7. 061 7. 279 6. 633 6. 886 -1.-''31 Ip -··-·''59 COKE Production: Bec!Iive ______thous. sh. tons __ 73 68 59 64 '66 fi6 '86 100 95 76 75 76 I "76 79 Oven (byproduct) ______do ___ _ 4, 236 4, 258 4, 033 4, 246 3, 955 4. 628 4, i41 4, 964 Petroleum coke§ ______do ___ _ 4. 735 4, 46781 I 4, 201 4. !58 4, 391 '4. 290 4.520 1, 256 1, 312 1,368 1,315 I, 236 1, :J37 1, 296 I. 301 1,320 1, 407 1,385 1,350 I. 367 I. :);\,5 Stocks, end of month: o,-en-coke plants, totaL ______do ___ _ 4, 398 ' 3. 899 3,322 At furnace plants ______do ___ _ ' 3, 901 3, 771 3, 496 3, 186 2, 792 2. 631 2, 618 2, 730 2,801 2,888 '2.899 :2.~74 3, 030 ' 2. 796 ' 2. 920 2, 832 2,622 2, 474 2. 354 2. 0.17 1. 967 1, 952 2, 089 2,185 2,304 r 2.379 2.388 At merchant plants ______do ___ _ 1, 369 1.103 981 g;;g 848 831 735 Petroleum coke ______do ___ _ 874 664 666 641 616 584 '520 486 Exports ______do ___ _ 1, 064 I. 053 1, 176 1, 191 1, 204 1, 201 1, 181 1, 138 1,129 !, 157 1,152 1.1il 1. 19!) I. 219 i __ _ 37 33 52 15 21 31 60 61 63 44 39 33 23 41 PETROLEUM AND PRODUCTS Crude petroleum: I Oil wells completect ______numbcr__ 1,821 1, 781 1, 830 3 1, 809 1, 593 1. 737 1, 542 I. 860 1.809 1, 725 I, 633 1.480 Price at wells (Okla.-Kansasl------$ per bhL 2. 97 2. 97 2. 97 2. t17 I 2. 9:l 1---- Runs to stills ______mil. bbL. 2. 93 \"~~ \/~1 2. 93 2. 93 2. 93 2. 93 2. 92 , .2. 9~ 248.9 255.8 263.6 269.4 251.4 2!i9. 0 ' 249. 7 263.9 263.6 272.7 273.5 '260.:2 266.9 261.0 Refinery operating ratio ______% of capacity __ 82 84 85 87 90 s; s3 85 88 88 88 81 86 Ri All oils, supply, demand, and stocks: :-!ew supply, totaL ______mil. bbL_ 306.9 317.4 330.6 344.1 311.0 334.6 325.3 329.1 312.9 333. 7 333. 1 316.8 331.8 ;{22 ..i Production: Crude petroleum ______do ___ _ 218. 5 223.0 228.8 22(1. 4 212.4 234 3 228.3 234.5 226.9 235. 1 236.8 :2:25.:2 233.6 22tl. :j :-!at.urnl-gas liquids, benzol, etc ______do ___ _ 30.2 31.1 33.4 33.5 32.1 34.4 32.0 33. 1 31.9 33.3 3-1.0 32.8 34. 1 :H.:l Imports: Crude petroleum ______do ____ 31.8 34.3 31.3 41.0 30. D 3t:. I 32.6 3-l. 5 31.9 38.2 36. i 34.4 31.4 :H.2 Hcfine.

1961 1 1962 1962 1963 Unless otherwise stated, statistics through 1962 1964 and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. l Apr. l May June I July I Aug. I Sept. I Oct. 0 Jan. I I ' " I D~ I PETROLEUM, COAL, AND PRODUCTS-Continued

PETROLEUM AND PRODUCTS-Continued Refined petroleum products-Continued Aviation gaRol!ne: 9. 9 10.2 10.0 ExportsProduction ______... ------____ .... mil. do bbL .... 9. 6 9. 1 10.7 10.5 11.2 10.9 11.0 II. 2 9. 5 10.0 9. 8 .6 .4 .3 .2 . 5 . 4 . 3 .1 .5 .3 .3 . 5 . 5 .5 ------Stocks, end of month....•.....••...... do .... 11.7 10.5 10.9 12.1 11.7 12.3 12. 2 12.0 11.6 10.4 9. 5 9. 6 9.3 8. 8 ------Kerosene: Production.------__ ..• _. __ .....do .... 11.9 13. 1 15.6 I 15.7 15. I 14.5 13.6 11.9 II. 7 12.9 12.5 12.2 14.9 14.8 Stocks, end ofmonth ______do ..•. 31.0 30.6 31.7 I 26.1 22.4 23.2 27.3 29.6 32.3 35.2 36.2 36.0 39.1 39. I Price, wholesale, bulk lots (N.Y. Harbor) $per gaL .109 .104 .106 .106 .106 .106 . 106 .101 .101 . 101 .101 .096 .096 "· 099 Distillate fuel oil: Production•••••...••.•••...•....••... mil. bbL. 58. 1 60.0 64.7 I 70.8 66.6 68.4 57.3 60.2 60.1 62.4 63.3 63.2 63.9 62. g 1.4 1.0 .5 1.1 . 8 .6 .6 . 6 .7 . 7 .6 .7 . 9 1.0 ~~~~~~~~======~ == ~ ~ ~ =~ ======~~= == = .6 . 7 1.2 1.1 3.0 1.1 1.2 1.2 1.0 1.0 I. I 1.4 1.1 1.3 Stocks, end of rnonth ______do .... 127.6 133.4 144.5 1111.7 87.8 83.9 91.7 103.2 123.4 145.2 165.2 177.2 191.4 192. 6 Price, wholesale (N.Y. Harbor, No.2 fuel) $per gaL. .099 .092 .096 .Og6 .096 . 096 .096 . 091 .091 .091 .091 .086 . 086 P. 089 Residual fuel oil: Production.... __ ------...... mil. bbL _ 26.3 24.6 28.2 I 28.2 25.3 25.4 21.5 21.0 21.8 21.7 21.8 21.5 21.0 22.5 20.3 22.0 29.9 34.5 30.3 24.0 24.8 19.1 15.3 18.1 16.9 15.7 23.2 20.7 ~~~~:~======: :: =::::::::::: =: =~~=: == 1.2 1.1 .9 .8 1.5 1.1 1.3 1.3 1.0 1.1 1.4 1.7 l.O 1.8 Stocks, end of month ______do .... 45.8 46.6 50.0 I 46.9 43.6 42.9 44.7 46.6 48.1 50.9 52.5 52.6 54.4 52.2 Price, wholesale (Okla., No.6) ...... $ per bbL. 1. 58 l. 58 1.55 l. 55 I. 65 l. 65 l. 55 l. 55 1. 55 l. 55 l. 55 1. 55 l. 55 pI. 55 Jet fuel (military grade only): Production. __ . __ ... ------...mil. bbL. 8.0 8. 6 6.9 7. 7 7. 1 8.4 8.2 8.6 9.0 9.1 8. 9 8.5 7. 8 8. 3 Stocks, end of month ______...... do .... 7.6 8. 7 9. 7 9.8 9. 0 9. 8 9.3 9.6 10.2 10.2 9.6 9. 3 8.6 8. 9 Lubricants: 4.9 5.1 5. 4 5.1 4. 8 5.1 Production ..... ------. __ - ••.. -.---.---.-.do.. -- 5. 2 5. 51 5. 3 5. 6 5. 4 5. 4 5. 4 5. 3 ------Exports .. ------do.... 1.4 1.5 1. 8 1.1 1.3 1.4 1.9 1.8 1.3 1.8 1.5 1.6 1.5 1.4 Stocks, end of month ______do .... 12.7 12.8 13. 1 13.3 13.8 14.1 13.7 13.2 13.4 13.4 13.4 13.8 13.4 14.0 I P~i~b.~~~1~~)~~·--~~~~~~-~~~=~--~~~~-$~~~n~~{:. .260 . 261 .270 . 21n .270 . 270 . 270 . 270 . 270 .270 . 270 . 270 . 270 p. 270 A'tr~~~~tion ______mil. bbL. 8.5 9.1 6.1 5.0 4. 6 6.5 8. 6 11. 1 12.1 12.9 13.2 12.4 11.3 8. 2 ------Stocks, end of month ______...do .... 16.0 16.3 14.3 16.3 18.2 20.7 23.8 20.9 19.8 16.8 14.5 12.8 10.4 IJ.9 Liquefied petroleum gases: Production ..... ------do ____ 6.6 6.4 6. 9 I 4.6 4. 4 4. 9 4. 8 5.0 4. 9 5. 0 4. 9 4. 4 4. 2 4. 2 Transfers from gasoline plants...... do .... 13.3 14.9 20.2 22.7 18.5 14.0 11. 1 11.1 10.6 12.7 12.8 12. I 13.5 16. 5 Stocks (at plants, t~rminals, underground, and at refineries), end of mo ...... mil. bbL. 34.4 33.6 29.0 119.6 15.8 18.7 22.5 27.2 31.9 35.5 38.5 41.2 41.8 39.4 Asphalt and tar product-s, shipments: Asphalt roofing, totaL ...... thous. squares.. 5,151 5, 365 3, 752 4.165 1, 957 3, 242 5. 580 6. 491 6,268 7. 761 6. 964 6,386 7, 138 4,406 Roil roofing anrl cap sheet. ••••••••••.•... do .... 1. 789 1, 9!3 1. 216 I, 534 805 1. 356 2, 035 2,290 2,140 2. 769 2. 611 2, 447 2. 790 1. 743 Shingles, ail types...... do .... 3,361 3, 451 2, 536 2.631 1.152 1,886 3. 545 4, 202 4. 992 4, 354 3, 938 4, 348 2.663 71 67 57 67 28 42 66 60 77 77 80 104 86 ~~~~~~Ji~i~li~g:~~~:=::::::::::::::::::::===~~:::: 85 77 31 42 30 48 87 84 81 93 100 93 102 56 77 ··:I Saturated felts...... thous. sh. tons.. 82 64 S5 44 I 63 I 86 91 86 108 93 80 97 71 PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER Pulpwood: Receipts ...... thous. cords (128 cu. ft.) __ 3, 668 3, 465 3,323 3, 737 3, 649 3, 919 3, 517 3, 772 3, 574 3,656 4,370 3, 945 4.335 3,821 3. 495 ------Consum ptlon •. __ . _. _••• ____ .. _ ••.. _...... do .... 3,516 3. 673 3, 314 3, 794 3, 601 3, 922 812 4.006 3,860 Stocks, end of month ______.. do .... a, 3, 555 4.150 3, 754 4.102 3, 975 3.626 5, 769 5,225 5, 255 5, 366 5. 470 5,407 5. 137 4, 897 4,652 4, 819 5.180 5,118 5. 353 5.116 4. 976 ------Waste paper: ------Consumptlon ______thous. sh. tons.. 751 756 666 719 691 745 739 775 742 663 762 737 797 '710 657 Stocks, end of month ...... do.... 517 510 ------498 529 478 461 526 510 509 529 515 494 506 '465 497 ------WOOD PULP Production: Total, ail grades ...... thous. sh. tons •• 2,210 2,326 2, 098 2, 438 2, 279 2, 539 2, 421 2. 578 2,397 2, 308 2, 576 2,390 2, 631 2, 593 2, 283 Dissolving and special alpha ...... do .... 100 106 100 121 115 114 103 116 122 108 121 106 124 120 97 ------Sulfate ••• ------_ .•• ____ ••• _._._ •••••••. _. do. __ . 1, 285 ------1,358 1, 219 1, 436 1.353 I, 519 1, 437 1, 535 1,424 !, 361 I, 549 1, 416 1, 555 I, 551 1.3.>7 ------Sulfite .•••• ------••• ----...do .... 214 214 195 224 213 232 229 233 210 209 229 211 242 230 229 ------Oroundwood.•.... _. _••• __ •••••.•• __ •..•• do .• _. 267 283 260 286 273 296 289 306 276 274 295 280 310 308 280 ------Deflbrated or exploded ...... do .... 102 104 89 2 114 114 123 113 117 113 Ill 120 124 125 124 106 ------Soda, semichem., screenings, etc •••••.••• do •••. 242 261 235 '258 213 256 249 270 251 245 262 253 274 215 Stocks, end of month: 261 ------Total, all milis.....•••.•••••••••••••••••••• do.... 899 878 864 a 691 682 721 729 710 721 721 721 706 707 731 717 ------Pulp mills .• ------do .... 326 297 256 285 266 271 282 274 279 256 252 243 246 264 235 ------Paper and board mllls.•••••••••.••••••••• do •••• 509 509 531 3333 341 376 369 358 364 380 378 381 384 394 408 ------Nonpaper miiis. ------..do. ___ 64 72 77 73 76 74 77 78 79 85 90 82 77 73 7.1 ------Exports, all grades, totaJ. ______do .... 98 99 122 75 136 116 97 148 108 120 130 128 116 106 142 ------Dissolving and special alpha.••••••••••••••• do •.•. 36 40 52 21 60 46 34 56 37 39 48 55 41 38 49 ------All other ------do .••• 62 59 70 54 76 71 62 92 71 80 82 73 76 67 93 ------Imports, ali grades, totaL------do.... 206 232 211 200 226 236 226 222 256 229 242 220 258 225 236 ------Dlsso!Ying and special a)pba••••••.••••••.•• do.... 13 23 24 21 21 22 28 22 24 21 21 16 23 19 22 ------All other------••• ------••• do •••. 192 210 187 179 205 214 198 200 231 208 221 204 235 206 214 ------PAPER AND PAPER PRODUCTS Paper and board: Production (Bu. of the Census): All grades, total, seas. adj ....thous. sh. tons •• 3,146 3,197 3,243 3,172 3,193 3,293 3,158 3, 325 3,306 3, 227 3,300 '3, 319 3, 327 ------All grades, total, unadjusted ••••••••.•••• do •.•• "2:975- "3:i37" 2, 843 3,181 3,104 3, 317 3,245 3,419 3, 273 3,014 3,456 3.200 3, 514 3,314 3,010 Paper------______------do•••• 1, 319 1,382 1, 265 1, 419 1, 378 1, 467 1, 455 1, 504 1, 408 1, 312 1, 508 1, 387 1, 540 1, 481 1, 388 ------Paper board. ____ ...... _.....•• _••••. __ •• do •••• 1,373 1, 458 1,332 1, 484 1, 465 1, 560 1, 482 1,578 ------Wet-m"chine board ______.. ______do.••. 1, 544 1,387 1,605 1,496 1,620 1, 529 1, 359 ------13 14 10 11 11 12 11 13 13 9 11 11 12 11 10 ------Construction paper and board ...... do..•• 270 284 237 267 249 279 297 325 309 306 333 306 343 293 253 ------' Revised. P Preliminary. t Be~inning Jan. 1963, data for the indicated items exclude 2 Effective Jan. 1963, "screenings, etc.", Included with "defibrated or exploded." certain oils which have been reclassified as petrochemical feedstocks. a Effective Jan. 1963, excludes stocks of "own pulp" at paper and board mills. February 1964 SURVEY OF CURRENT BUSINESS S-37

1961 1962 1962 1963 1964 Unless otherwise stated, statistics through 19621 I and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. I ~r. I May I June I July I Aug. I Sept. I Oct. I Nov., Dt•c. Jan. PULP, PAPER, AND PAPER PRODUCTS-Continued

PAPER AND PAPER PRODUCTs-Con. Paner and board-con. New orders (American Paper and Pulp Assoc.): All ~rades, paper and board .... thous. sh. tons .. 2, 982 3,131 2,822 3,255 3,118 3,362 3, :!51 3,370 3, 272 3,176 3, 433 ' 3, 307 3, 531 Wholesale price indexes: Printing paper------· __ ----.. 1957-59 =100.. 101.7 101.4 101.4 101.4 101.4 101.4 101.4 101.4 101.4 101.4 101.4 101. 4 101.4 101.4 Book paper, A grade ______do ___ _ 106. 1 107.6 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107.4 107.4 Paperboard._------___ ------do.. -- 92.7 93.1 94.1 94.1 94.1 94. 1 91.1 94.1 94.1 94. 1 94. 1 94. 1 96.6 96.6 Building paper and board------do ___ _ 100.8 97.2 96.2 95.6 95.5 94.1 95.5 96.2 97.5 97. 5 97. 5 97.6 96.9 95.9 Selected types of paper (APPA): t Fine paper: Orders, new ______thous. sh. tons __ 157 l6fi 147 177 171 182 174 177 170 1M 179 '171 '191 169 Orders, unfilled, end of month ______do ... . 84 88 74 93 106 104 98 94 92 103 102 '103 '108 100 Production ____ ------do... _ 160 170 151 171 166 180 181 188 178 159 185 '177 '190 177 Shl pmen ts ______do ___ _ 156 168 148 169 172 186 171 179 175 160 187 '170 '190 177 Printing paper: Orders, new ______------do ___ _ 402 412 402 444 432 480 476 459 454 432 457 472 '482 439 Orders, unfilled, end of month ______do...• 368 370 328 344 384 409 422 402 424 396 395 410 '393 375 Production·---- ____ • ______.----. __ •• _._._ do._ .. 389 409 392 428 420 449 454 466 445 412 471 439 '476 452 Shipments ______._._._. ___ ._._ ... _do._._ 388 409 392 428 420 449 454 466 445 412 471 439 '476 452 Coarse paper: Orders, new __ ------.do ... . 334 346 315 357 :150 367 337 376 334 323 •369 '366 385 355 Orders, unfilled, end of month ______do... . 154 154 140 158 172 165 153 148 151 153 167 '182 '186 176 Prod uct!on ... ___ . _..•. __ •.• _____ •.•• _.. _.do ___ _ 331 350 311 347 352 368 354 373 328 311 372 '340 376 368 Shipments ______------do...• 330 343 313 342 344 365 346 371 327 311 '363 '356 '368 361 Newsprint: Canada: Production _____ ._ •.•.. --•.• -----•••.. __ ..do._ .. 561 558 .106 518 444 513 550 599 539 551 586 551 630 613 535 Shipments from mllls ______do ... . 559 557 530 433 420 458 554 634 565 575 576 580 638 611 578 Stocks at mills, end of month ______do ... . 225 249 178 264 287 342 338 304 278 255 265 235 227 229 186 United States: Prod net! on _____ ----.------.... _. __ ..do._ .. I 1i4 179 166 190 174 193 184 204 181 173 191 1M 194 190 180 Shipments from mllls ______do ___ _ I 174 180 17G 183 168 187 193 201 177 183 178 172 193 189 184 Stocks at m!lls, end ofmonth ______do ... . I 40 39 25 32 37 43 34 37 40 31 44 36 37 38 34 Consumption by publishersci' ... ______do... . 455 465 441 376 356 435 490 516 483 421 413 490 529 524 Stocks at and In transit to publishers, end of monthci' ------thous. sh. tons .. 620 586 604 606 604 583 570 li85 561 615 632 606 588 559 54.> Imports ______do.... 453 456 470 359 371 347 470 494 448 495 456 455 522 403 536 Price, rolls, contract, f.o.b. mill, freight allowed or delivered. ______$per sh. ton .. 134.40 134.40 134.40 134.40 134. 40 134. 40 134. 40 134. 40 134. 40 134.40 134. 40 134. 40 134. 40 p 134. 40 Paperboard INatlonal Paperboard Assoc.): Orders, new ------thous. sh. tons .. 1,398 1,48.~ 1, 346 1, 456 1,417 1, 596 1,547 1.cm 1, 524 1, 506 1, 725 I, 523 1, 723 1, 529 1,422 1. 507 Orders, unfilled, end of month ...... do ... . 4fl! 468 414 455 464 485 483 471 472 601 574 611 616 54.1 494 537 Production, total.------______. __ .do. __ _ 1,392 1, 4~6 1, 384 1, 410 l. 413 1. 572 1, 535 1. 640 1.527 1,396 1, 707 1, 477 1, 724 1, 612 1. 4.>0 1. 489 Percent of activity ... ------­ 91 92 80 95 95 97 94 94 95 84 98 92 99 97 86 2 88 Paper products: Shipping containers, corrugated and solid fiber, shipments ______mil. sq. ft. surf. area __ 9,547 10.181 8,951 10,169 9,407 10,645 10,374 11,219 10,401 110,108 11,804 10,797 12.457 10,598 9, 803 10,808 Foldh'V paper boxes, shipments, Index of physical volume .... _------.1947-49= 100 .. 124.0 124.1 120.3 119.4 112.8 126.6 124.1 131. 0 124. 2 120.2 ' 135. 5 '129. 1 cJ 40. 9 ' 118. 0 p 131.0

RUBBER AND RUBBER PRODUCTS

RUBBER Natural ruhhcr: Consurnption ______thous. lg. tons.. 35.61 38.56 36.55 40.98 37.58 40.71 40.66 39.29 35.771 Stocks, end of month ______do... . 32.38 35.08 35.77 41.88 34.72 35.13 68.65 68.47 70.17 69.29 80.58 82.92 711.39 79.24 77.76 75.19 73.00 68.88 64.30 61.32 59.83 Imports, Incl. latex and guayule...... •.... do ... . 32.58 35.13 36.70 30.67 48.75 33.88 3(i.24 34.14 25.57 25.72 31.68 26.24 30.58 27.09 28.61 Price, wholesale, smoked sheets (N.Y.) •.. $ per lb•• . 296 • . 285 .300 . 290 .284 .271 . 270 . 270 .270 . 265 .253 . 230 . 255 . 258 . 240 .235 Synthetic rubber: Production ______thous. lg. tons __ 117.00 131. 20 142. 97 13R. 55 128.47 140. 66 1311.33 140.06 132.99 130.78 127.30 124.59 129.87 134.81 140.95 Consu m ptlon .. __ . ___ .... __ ..•.•.• ___ . __ ... do._._ 91.85 104. 66 99. 96 114.95 103. 53 112. 94 11'1. 96 Stocks, end of month ______do.... 115.16 103.73 92.59 100.43 105.98 •127. 87 109.58 107.80 245.55 257. 15 262.08 281.20 274. 32 273. 34 272.18 271.36 281. 79 296. 83 296.27 292. 20 275. 28 275.30 282.30 Exports. ___ .... ___ ...•...• ___ •••••.. __ .....do .•• _ 24. 75 25. 31 29. 28 7. 72 29.93 28.36 z;·.as •~ mw ~oo n27 nas RM 22.90 24.86 Reclaimed rubber: Production ... ___ . __ ...... ••.•••••• ___ ...... do__ ._ 21.99 23.38 21.24 25.40 22.50 26.88 25.f>8 25.02 22.76 21.10 20.06 22.40 25.98 21.23 22.15 Con sum ptlon. __ ...... • ___ ...... do ... _ 20.86 21.95 20.25 Stocks, end of month ______do... . 23.53 22. OJ 23.30 23.86 23.42 21.32 17.76 19.11 21.56 25.45 20.48 20.07 32.15 29.77 30.42 29.67 28.52 29.67 211.68 29.82 29.65 32.12 31.22 32.26 31.20 30.10 31.15 TIRES AND TUBES Pneumatic casings: Production ...... • ------. thous.. 9, i28 11, 156 10,621 12,430 11,709 12,541 12,558 12, 134 11,195 10,182 9,368 10,540 13,469 11,502 11.496 Shipments, total.------do.... 9, 859 11,055 8, 7i8 11,225 9, 235 11, 136 13,843 12,503 Original equipment ______.. do.. __ 11,943 12, 681 9, 558 11,232 14,021 10, 746 10,491 2,838 3,495 3,698 4, 113 3, 600 4, 060 4, 244 4, 261 4,075 3,507 1,606 3, 562 5,163 4,366 4,470 Replacement equlpment...... do ... . 6, 908 7,430 4. 944 7,019 5, 509 6, 942 9, 457 8,110 7, 737 9,044 7,819 7, 552 8, 700 6, 263 5,888 Export ...•.•...... --••. __ ..•. __ ••••...... do ... . 114 130 136 93 126 134 142 132 131 131 132 117 158 117 134 Stocks, end ofmonth ...... ••••••...... do .... 26,128 27.086 27,899 29,054 31,693 33, 193 32,137 31,919 31,226 28,830 28,652 27,889 27,469 28,272 29,407 Exports (Bur. of Census) •.•••••.•...••.••. do.... 81 89 103 24 97 100 102 83 78 97 81 78 86 82 73 Inner tubes: Productlon...•. ------do•.•. 3,124 3, 403 3, 141 3,954 Shlpments ______do... . 3,.195 3,657 3, 529 3, 694 3,183 3, 021 2, 792 2, 860 3, 408 2, 827 3.138 3, 280 3,442 2,640 5,07<1 3, 572 3, 475 3, 500 3, 168 2, 933 3, 650 3, 032 3,115 3, 506 2, 958 2, 799 Stocks, end of month ...... do ... . 9,146 8, 913 9, 898 Exports (Bur. of Census) ______do ..•• 8, 938 8, 974 9, 297 9,440 10,111 10,437 9, 818 9, 576 9,180 9, !55 9,088 9,529 66 81 89 11 92 110 85 84 62 90 61 82 85 77 75

' R<'vis(·d. • Preliminary. I Includes Alaska and Hawaii beginning . 2 t Monthly awrages for 19f2 for new orders, production, and shipments reflect revisions Effective Jan. 1!'64, compiled on basis of 6.5 days per week (formerly 6 days): not to adjusted annual totals; revisions by months not available. comparable with earlier data (on new basis, rate of activity In 1963 awraged '37 percent; In d' As reported by publishers accounting for about 74 percent of total newsprint con­ 1962, 85 percent). sumption in 1963. S-38 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through and descriptive notes are shown in the mi l-l-9:-;-~e-~r-;1~-1:-y(,-'2-l-:~-·:-c2.-I-.J-a_n_. '1,-F_e_h-.-.,-~-~-a-r.---.\-A-pr. I ~lay I June l9,63July edition of BUSINESS STATISTICS Aug. I Sept. J Oct. I "o'·· J D<"c .. Jan.

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production, finished cement______thous. bbL. 26, 950 28, 027 22, 940 18,289 14. 750 21, 525 29. 314 34, 497 34,992 36,802 37,452 34,682 36.624 30.377 23. 993 Percent of capacity------74 75 59 47 42 54 75 86 89 91 93 88 90 77 59 Shipments, finished cement ______tbous. bbL. 26,889 27' 893 16.75-1 14, 559 14. 735 21. 490 30, 249 35, 208 35. 431 39, 145 40. 257 36. 547 41.352 26.317 16. 9.\8 Stocks, end of month: Finished ______do ___ _ 35, 879 36' 720 38, 53! 42,282 42, 293 I 42. 333 41,416 40. 704 40,322 38, 057 35, 209 33. 236 28. 485 32. 546 39. 526 Clinker __ .--______._.---______- ___ ----..do.-.- 25, 021 •24. !flO 17, 920 22, 28G 2~. 093 31, 802 3!,908 30,142 27,332 23.884 19.774 17.400 13.631 13.820 16. 879 CLAY CONSTRUCTION PRODUCTS Shipments: Brick, unglazed (common and face) mil. standard brick .. .535. 6 576.1 398. 5 371.3 344.7 523.0 718. 1 746.8 691.0 746. 5 743. ii 684. 2 ' 775. 2 622.0 Structural tile, except faclng _____ thous. sh. tons .. 39.7 35.2 28.3 24.4 24.7 31.2 38.0 35.9 35.7 38.9 35.0 30.3 33. 5 25.6 Sewer pipe and fittings, vltrlfied ...... do ... . 145.8 142.8 94. 5 89.3 79.0 112.7 167.8 175.2 171. ,I 176. 1 186.9 171.1 186.4 134.9 Facing tile (hollow), glazed and unglazed mil. brick equivalent.. 35.3 34.4 30.6 25.6 20.9 25.6 32. ii 36.3 33.6 33.4 34.0 30.6 '36. 5 30. 1 Floor and wall tile and accessories, glazed and un- glazed ______mll. sq. fL. 19.0 21. 1 18.4 19.9 18.6 21.2 22.4 23.6 23.5 23.3 24.5 22.8 24. 5 21.6 Price Index, brick (common), f.o.b. plant or N.Y. dock .. _. ------1957-59= 100 .. 103.8 104.9 105.0 105.7 105.8 105.8 106.4 106.4 106.4 106.4 106.4 105.8 105.8 105.9 GLASS AND GLASS PRODUCTS Flat glass, mfrs.' shipments (qtrly. total and qtrly. average)_. ______-----______• _____ thous. $ .. 65, 113 71,506 77,470 67,441 75.501 80,677 Sheet (window) glass,shlpments ______do ___ _ 27,743 31,612 35,014 28.423 32.976 38.766 Plate and other flat glass, shlpments ______.do ___ _ 37,370 39, 894 42, 456 39.018 42. 525 41.911 Glass containers: Productlon ______thous.gross .. 14,013 14,655 12,924 14,580 13,387 15,630 15,183 15,963 16,250 16.199 17,092 14,807 15.660 14,254 12.706 Shipments, domestic, totaL ______do .... 13,668 14,319 12,508 13,232 12.078 14,898 14,531 15,805 15,879 15.568 17,722 14,806 15.484 13.281 13.384 General-use food: Narrow-neck food. ______do.... 1, 492 1, 582 1, 057 1, 208 1,196 1, 401 1, 419 1, 458 !. 395 !. 849 2. 272 2, 759 1. 828 1.186 1. 204 Wide-mouth food (Incl. packers' tum biers, jelly glasses, and fruit jars) ____ thous. gross.. 3, 912 4, 110 3, 60! 4, 165 3, 568 3, 933 3. 736 3, 988 4. 030 4. 045 5. 278 4. 131 4, 633 3, 847 3. 848 n everage_. ______.do __ .. 1, 007 1.187 I, 235 835 843 1, 413 1, 540 1, 903 2,141 1, 969 1, 430 858 921 959 1.382 Beer bottles ______.-----______•. do ... _ 1, 831 2, 183 1.876 1. 653 1. 570 2, 502 2, 758 2. 977 3, 215 3,264 2,983 1.971 2.157 2.101 2. 286 Liquor and wlne______do. __ _ 1, 291 1, 269 1.143 I. 206 1.116 1, 328 I, 283 1, 346 1.345 1,049 1,333 I. 337 1, 640 1, 321 1. 228 Medicinal and tollet ______do ... . 2, 985 3, 066 2. 789 3,290 2. 934 I 3. 390 2,889 3, 213 2, 876 2,588 3, 431 2. 931 3,402 3,095 2. 704 Chemlral, household and lndustriaL ..... do... . 1, 007 786 664 745 750 824 800 804 769 681 813 681 764 648 584 Dairy products .. ____ ------_____ .do ___ _ 142 134 143 130 101 107 106 116 108 123 182 138 139 124 148 Stocks, end of month ______do____ 21,833 22,921 21. 128 22,931 24.504 25,450 2!\. 034 26,147 26,210 26,459 26,070 25. 162 25,562 26.320 25. 552 GYPSUM AND PRODUCTS Crude gypsum, qtrly. avg. or total: Imports ______thous. sh. tons.. 1, 242 !, 355 1, 495 1. 010 1, 532 ------!. 565 Production. ___ ------do ___ _ 2,375 2. 4()2 2. 516 2.140 2.702 ------2, 902 Calcined, production, qtrly. avg. or totaL ... do .... 2, 062 2, 205 2.163 2. 035 2,4031 ______------2, 518 Gypsum products sold or used, qtrly. avg. or total: Uncalcined uses..... ______thous. sh. tons.. 1,000 1.012 1, 072 685 1, 211 ------____ _, __ _ 1, 263 Industrial uses •.. ------______do .... 65 67 68 68 72 ~------70 Building uses: Plasters: nase-coat. ______--- ______do ___ _ 256 256 239 237 283 284 All other (Incl. Keene's cement) ______.. do ___ _ 264 257 2M 201 260 289

~~lll);;a.~

WOVEN FABRICS \Voven fabrics (gray goods), weaving mills: I Cloth woven, totaL ______mil. linear yd.. 954.5 975.5 828.6 940. 4111!,131.4 929.4 929. 41 1 923. 2 I 934. 4 939.8 1],179.7 957.8 Cotton ______do____ 760. 2 11,107.31 923.5 760.2 636. 1 1 855. 2 712. 4 723. 3 I 881. 4 713. 9 710. 0 1710. 7 720.9 719.1 I 915.3 736.3 Stocks, end of year or mo., totalcJ' ______do ____ 1,517.. 1 1. 488.0 1, 555.2 11,556.0 1. 541.1 1. 496. 1 1!,473.8 1. 490. 1 1. 518.0 11,491.5 1, 506. 1 1, 505.0 11,475.7 1. 494. 2 Cottond' ------_____ do ____ 1, 237. 3 1.192. 5 1, 243.9 11,239.8 1. 221.6 1.179.0 ,11,1.>2.1 1,153.4 1, 165.0 11,133.6 !, 158.5 1.164.0 11,149.9 1, 168.0 1 Orders (unfilled), end of year or mo., total ,_do ____ 2. 416.4 2,472.3 2. 342. 8 12,260.6 2. 285. 0 2. 344.5 1 2,247.2 ,2. 271.3 2. 31 L 0 112,436.3 2. 506 4 2,546.1 12,827.9 2. 968. 9 Cotton , ______do ____ 1, 942.4 1. 848.9 1, 737.9 11,658.4 1. 661. 1 1. 708. 8 11,629.1 il. 637. 5 1. 672. 1 11,760.3 1, 798. 8 1. 848.8 12,023.4 2. 127. I COTTON I I Cotton (exclusive of linters): Prodnetion: Oinningsf::-______thous.runnlng bales •• '14, 325 '14, 864 3]2,957 '14.606 ------24511.328 4,i74 10,065 12,834 314.070 4 15, 124 Crop estimate, equivalent 500-lb. bales thous. bales•. 214,318 '14, 867 ------1------______! ______------'15,548 Consumption ______------do.... 710 727 5HO I 790 I 6.59 fitl6 I 809 693 660 1 fl90 I 607 663 I 829 678 605 Stocks in the United States, end of mo., total 0 thous. bales __ 13.447 14,675 17.976 16. 981 115. 812 14. 714 13.614 12. 617 11, 724 11. 179 124. 53! 24.046 23.360 22. 296 21. 157 Domestic cotton, total 0. ______do ___ _ 13, 373 14. 588 17.870 16.859115.690 14.599 13,507 12.516 11.629 11.091 124.395 23.899 23,207 22.141\ 21.019 On fanns and in transit______do ___ _ 3. 770 3. 465 2. 104 1. 178 808 595 526 290 I 311 280 13. 532 11.230 6. 948 4. 391 2. 354 Puhlic storage and compresses 0 .. _____ do ___ _ 7, 794 I 9, 470 14,304 14,142 !3,261 12,347 11.333 10.696 9,992 9.tl15: 9.S07 11,688 1.5.209 16.510 17.260 Consuming establishments ______do ___ _ 1. 809 1, 654 1. 452 1. 539 1, 621 I' 1. 657 1. ()48 1, 530 1, 326 1. 196 I 1. 051\ 981 1. 050 1. 245 I. 405 Foreign cotton, total0 ______do ___ _ 7.5 86 !06 122 I1 122 115 107 101 95 88 I 136 147 153 149 !38

r RPvist•(]. t Data cover 5 weC'ks; other months, 4 \VePks. 2 Totfll C'rop for y~'ar. that st·wks ~xdude dt>nims stoeks bilkd an3 erop. ,Excludes orrlcrs for \\'OOI apparel fabrics an

ISS! I l~l·:; '11!162 19G3 r'n!css otherwise stated, statistics through 1962 ~~~~-- --- and descriptive notes are shown in the <>dition of BUSINESS STATISTICS 1963 :\lonthlytnenu" Der. Jan. I Feh. I Mar. I Apr. I May I .lUih' July Oct. );ov. lh'C. .hill. I 1 ------·-----~------~----~--~--~--~----~--~--~--~--~----~--~--~--~--- TEXTILE PRODUCTS-Continued

1 COTTON-Continued \ottnn (cxclnsiYe of lintcrs)-Contlnued 5:l3 32! 383 211 522 299 310 244 183 274 361 3841 501 62~ r~~ ~~~~~=::: =::: =:::: =: =: :::::::::::: ~~~:':': :t~~s:: 14 12 l (2) 2 5 2 2 79 4 r '24 I Prices (farm), American upland _____ cents per lb .. 132.8 r I 31. 7 31.0 , 30.4 , 30.9 , 32.5 , 33.1 32.6 , 32 ~ I , 31. ~ 32.0 32. 7 32.9 32.5 , 31.3 311. I Prices, middling 1", avg., 15 markets ______do. __ _ 1 33. 7 '33. 5 33.1 33.4 33.8 34.0 34.1 34. 1 33.9 33.4 33.2 33.1 33. l 33.1 33.2 33.2

_'"~otton linters: Consumption _____ ------______thous. bales __ 109 108 99 3 114 106 106 3127 110 112 3 106 114 106 3 131 100 99 Production _____ ------___ ----- __ -----.do_--- 130 141 180 194 171 !50 113 79 48 38 66 155 214 210 176 Stocks, end of mo ______do ___ _ 543 633 729 8ll 826 831 786 715 617 5.14 485 502 571 , 657 705 COTTON MANUFACTURES Spindle activity (cotton system spindles): Active spindles, last workinv day, totaL_thous. __ 19,019 18,797 18,750 18,611 18,541 18,630 18,586 18,509 18,609 18,638 18,681 18,696 18.742 18.660 18.625 Consuming 100 percent cotton ______do ___ _ 17,308 16,754 16,374 16,222 16,029 15,995 15,890 15,737 15, 767 15,692 15.7.57 15,758 15. 753 15.653 15,656 Spindle hours operated, all fibers, totaL _____ miL 9, 749 9, 911 8, 450 311,206 9, 316 9,394 3!l, 482 9, 277 9, 280 a 9,819 9.344 9,345 an. 788 9. 538 8. 563 A ve.rage per workinp: day ______do ___ _ 449 458 422 448 466 470 459 464 464 393 467 467 472 477 428 Consuming 100 percent cotton ______do ___ _ 8, 870 8,801 7, 317 3 9, 705 8,044 8,043 3 9, 771 7, 856 7,833 3 8,162 7.870 7,903 3 9, 903 8.000 7, 220 Cotton yarn, natural stock, on cones or tubes: Prices, f.o.b. mill: 20/2, carded, weaving ______··-----$ per lb._ . 647 . 660 . 651 . 646 .643 . 643 .643 .643 .640 .640 . 640 . 645 . 64.5 P, 650 36/2, combed, knittlng ______do. __ _ . 926 .938 .924 . 910 . 910 .909 . 910 .910 . 911 . 911 . 911 . 911 . 911 P, 9J9 Cotton cloth: Cotton hroadwoven goods over 12" In width: Production, qtrly. avg. or tota]t ___ mil. !ln. yd.. 2, 292 2, 314 2, 225 2, 250 2,242 2, 072 Orders, unfilled, end of mo., as compared with avg. weekly production ____ No. weeks' prod._ 11.8 10.8 11. I 9.8 9.4 9. 7 9. 4 9,3 9.6 12.6 10.1 10.5 11.5 12.3 12.8 Inventories, end of mo., as compared with avg. weekly prodnctlon ______No. weeks' prod.. 5. 5 5. 4 6.2 5.9 5.5 5. 4 5.4 5.4 5. 4 6.4 5.3 5. 3 5.1 5.0 5. 5 Ratio of stocks to unfilled orders (at cotton mills), end of mo., seasonally adjusted------·- . 47 . 51 . 56 .60 .62 .58 .60 .60 . 56 . 52 . 49 . 48 . 41 . 39 . 42 Exports ______thous. sq. yd .. 39,117 34,691 32,684 16,219 37,099 34,358 33,817 32,139 26,918 33, 746 27.543 27.543 36.764 31,681 33,389 Imports ______do____ 21,254 38,671 38,019 30,662 52,933 56,323 52, 50! 35,783 32,832 39,150 35,263 31.087 33,606 22.672 35.266 l\1 !II margins ______cents per lh__ 24. 49 25.24 25.37 25.10 24.81 24.54 24.18 23.84 24.25 24.71 21\.27 20.80 26.23 26.73 26.92 26.87 Prices, wholesale: Denim, mill finlshed ______cents per yd.. 38.3 39.6 38.3 38.3 38.3 38.3 38.3 38.3 38.3 38.3 38.2 37. 7 37.7 p 37.7 Print cloth, 39inch, 68 x 72 ______cto____ 15.1 15.4 15.4 15.4 15. 5 15.6 15.6 15.7 15.7 15.7 15.9 16.0 16. 3 p 17.0 Sheeting, class B, 40-!nch, 48 x 44-48 .... do____ 16.3 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 16.9 16.9 16.9 v 17. I MANMADE FIBERS AND MANUFACTURES F!lwr production, qtrly. avg. or totaL _____ mil. lb __ 485.6 596.5 621.3 615.7 tl42. 2 ------· ------674.2 Filament yarn (rayon and acetate) ______do .... 160.4 181.5 181.8 169.6 174.2 I l7H. 2 189.3 Staple, Incl. tow (rayon) ______do ___ _ 100.2 125.0 137.9 139.3 146.0 152.6 Noncellulos!c (nylon, acrylic, protein, etc.) .do. __ _ 187.7 242.6 259.8 260.9 300.0 Textile glass fiber ______do ___ _ 37.3 47.4 41.8 45.9 ~!H [~~~~~ ~~~~~~:~ 52.0 Exports: Yarns and monofilaments ______thous. lb .. 7, 018 9,177 11,776 2, 808 7, 747 8. 421 8, 300 9, 874 10.8891 7, 980 8.197 8. 330 8, 00~ 8. 662 9, 160 Staple, tow, and tops ______do. __ _ 3, 834 4, 281 5, 419 1, 818 4, 467 3, 046 4, 056 4, 346 3, 139 4, 715 4. 679 4. 003 5. 556 6. 080 4, 309 Imports: Yarns and monofilaments ______do __ __ 541 809 861 569 747 700 733 645 512 723 804 837 884 484 510 Staple, tow, and tops ______do ___ _ 3,374 5, 463 6,673 4, 542 9, 988 8. 232 10, ~99 7, 616 10.294 12.262 10. 0(\3 10.155 13,089 12. 913 15, 4G2 Stork8, produc(;'rs', end of mo.: Filament yarn (rayon and acetate) ______mil.lb __ 56.4 53.2 62.7 62.1 62.2 60.2 59.1 57.2 .\6. 5 58..\ 58. 5 .5H. 9 53. l 50.4 47.0 Staple. Incl. tow (rayon) ______do ___ _ 53.5 48.4 40.0 41.9 39.8 36.8 36.2 31.9 29.4 32.1 nt 33.9 38.5 35.6 37.9 Non cellulosic fiber ______do ___ _ '70. 9 '78. 2 99.3 99.8 92.2 109.7 Textile glass fiber ______do ___ _ '22.1 '26. 8 27.5 28.5 28.0 28.3 Prices, ruyon (viscose): Yarn, filament, 150 denier ______$ per lb __ .82 .82 . 82 .82 .82 . 82 .82 .82 . 82 .82 .82 . 82 . 82 p. 82 Staple, 1.5 denier ______do ___ _ .26 . 26 .26 .26 . 26 . 26 .26 .27 . 27 .28 .28 . 28 . 28 p. 28 Manmade fiber broad woven fabrics: Production, qtrly. avg. or total<;! t ___ mil.l!n. yd.. 596.2 682.8 720.3 738.9 757.5 ------725.0 ------Rayon and acetate (excl. tire fabric) _____ do ____ 366.3 397.0 405.3 413.8 430.4 1------415. 3 ------Nylon and chiefly nylon mlxtures ______do____ 64.1 75.9 74.9 76.2 72. 1 71.8 ------Polyester and chiefly polyester hlends. __ do____ Ill. 6 147.8 179. 6 187.0 187.8 ------177. 6 ------Exports, piece goods.. ______thous. sq. yd__ II, 559 11, 633 13, 664 4, 995 16, 398 14, 954 13, 024 13, 334 13, 676 10, 492 13, fJ89 13. 439113, fJ84 13,283 SILK Imports, raw ______thous. lh.. 5,;7 539 328 582 267 341 301 487 492 427 591 536 767 806 792 Price, raw, AA, 20-22 denier$ ______.---· $per lb.. 5. 20 6. 03 7. 22 ~63 7.M ~~ ~~ 7~ 7. 70 6. 80 6. 93 6. 48 6. 16 p 6. 42 Production, fabric, qtrly. avg, or total t thous. lin. yd.. 5, 732 5, 951 6.068 4, 895 4,349 1------4. 21)5

1 WOOL Wool consumption, mill (clean basis) :t c\ pparel class ______------_____ thous. lh_- 21,923 23, 354 19. 54fi 325,017 22. 634 22, 193 3 25, 218 21,198 ''I 510 I,?J P5 20,107 18. 126 3 20. 806 IG, 166 16,841 Carpet class ______----- ______------_do ____ 1 12,421 12, 404 II, 063 314,957 13, 448 14, 330 316,163 13,81:3 II: 127 I, I2: Ili9 13,511 13.610 1"15. 9til 12,040 10,6\16 Wool imports, clean yield§ ______do --) 21.079 23.088 27,644 , 18.348 r 37. 253 r 32. 15C 24,983 24. 747 , 20. 065 I 29. 637 ~2. 217 16. 039120. 576 1:3.728 nut y-free (carpet class)§*------·-.do __ --1 13. Ill 11.802 12.830 S,Oll 18. 639 i 16,970 12,874 15.538 11. 160 1 22.047 15.973 10.391\ 14.725 6. 857 '\\"nol prices, raw, clran hasis, Boston: j Ooo

1961 1 1962,1962 1-----.-----.-----.---~~---.,----19,6_3______, 1964 Unless otherwise stated, statistics through 19621 and descriptive notes are shown in the 1963 Monthly edition of BUSINESS STATISTICS average Dec. Jan. I Feb. I Mar. I Apr. I ~fay I June I July I Aug. I Sept. I Oct. I Nov. I Dee. --:;::-- TEXTILE PRODUCTS-Continued

APPAREL I I i Hosiery, shipments ______thous. doz. pairs .. 14.008 14,343 11, 528 14.834114.459 I' 15. 452 13, 760 14, 839 14,721 14,392 I 17,094114,921 17,418 14,338 13,349 Men's apparel, cuttings: t '[ Ta!lored garments: Suits ______------.thous. units__ 1. 566 1,685 I, 6ll 2, 167 I, 834 1, 965 2,026 1, 896 1, 666 I. !31 1, 838 1, 589 2,011 1, 787 1.677 Overcoats and topcoats. ______do____ 391 401 230 220 247 268 388 501 473 314 489 343 316 231 !58 Coats (separate), dress and sport______do ___ _ 809 943 972 1,128 1,068 1,181 1,262 1,179 992 730 1,024 882 1, 218 '1, 022 £67 Trousers (separate), dress and sport ______do ___ _ 8,193 9,527 7, !57 8, 942 8, 349 9. 229 9,659 10,486 9,595 8,876 10,214 8, 843 9, 480 ' 8, 383 7, 384 Shirts (woven fabrics), dressandsport.thous. doz. 1,860 2. 061 I, 848 2, 191 2,156 2, 235 2, 237 2, 208 I, 929 I, 548 2, 201 I, 918 2, 276 2, 100 I. 853 Work clothing: Dung:arees and waistband overalls.- _____ do ___ _ 258 281 245 318 321 342 342 363 325 372 425 410 475 373 325 Shirts. ______do.--- 302 303 244 293 314 327 338 351 340 283 335 311 341 307 219 Women's, misses', juniors' outerwear, cuttings: t Coats ______thous. units.. 2, 025 2,002 1,314 1, 948 2, 3.13 2, 155 826 1, 191 2, 161 2, 488 2, 739 2, 440 2, 529 2,001 Dresses ______do____ 21,013 20,880 14,425 21,031 21, 902 27,320 30, 486 25,036 20, 721 19,340 21,061 18,874 22.353 18, 957 Suits ______do.--- 773 806 687 1, 080 1, 123 1, 041 682 595 734 813 813 636 858 794 I Blouses, waists, and shirts.------tho us. doz __ 1, 270 1, 370 916 1, 332 1, 400 1, 538 1, 617 1, 359 1, 180 1, 263 1, ::rn 1, 263 Skirts ______do ___ _ 1 1. 640 I 1. 351 671 656 422 683 705 776 896 945 874 935 1, 005 i 804 978 690 TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES Orders, new (net), qtrly. avg. or totaL ______m!l. $ __ 3,354 3, 740 4,121 4, 688 3,931 5,194 U .R. Government__------___ do_--- 2,611 2,996 3,378 4,004 3,124 4. 003 Prime contract ______------.do. __ - 3,030 3,329 3, 713 4, 373 3, 572 4, 680 Sales (net), receipts or bllltngs, qtrly. avg. or total mil.$ __ 3, 737 3, 993 4,095 3, 915 3, 919 4, 171 U.S. Government. __ ------___ do. __ _ 2, 942 ~. 139 3,327 3. 117 3,144 3, 419 Backlog of orders, end of year or qtr. 9 ______do __ __ 13, 922 '12,630 12,630 13,440 13,472 14,495 U.R. Government______do ___ _ 11,018 1[0,066 10,066 10,992 10.995 11. 579 Aircraft (complete) and parts ______do ___ _ 5, 646 I 4. 988 4, 988 5 239 5, 438 5,345 Engines (aircraft) and parts ______do ___ _ I, 546 I I, 540 1, 540 .: 419 I, 406 I, 484 Missiles, spnce vehicle systems, engines, pro- pulsion units, and parts ______mil.$ __ 3, 836 I 3, 714 3, 714 4, 409 4, 250 5,102 Other related operations (conversions, modifica- tions), products,services ______mll. $ __ 1, 781 !J, 363 I, 363 I, 331 1, 309 1, 387 Aircraft (civ!llan): Shipments EJ)______do __ __ 82. 1 81.8 57. 4 47.3 62.2 GO. 2 49.0 51. 4 57.4 47. I 48. 7 58.4 Airframe weight (f)_thous. lh __ 1, 824 I, 682 I, 437 I, 321 1, 428 I, 553 I, 226 I, 256 1, 250 1, 023 1, 097 1,199 1,380 1,306 •••••••• Exports ______mil.$ __ 28.0 27.3 12.3 21.8 37. 6 33.7 33. 2 15. 8 7.0 9. 3 18. 5 13.2 ···~·'II. 6 ~···~·,!········20. 9 15. 4 MOTOR VEffiCLES Factory sales, totaL ______thous __ 556.4 681. I 776. I 791.0 723.7 782.5 818.0 840.2 804.1 790.0 251.4 598.8 945. 7 873.3 R81. 8 2 884.6 Domestic ______------_____ do. __ _ 527.3 654.6 751.5 768.6 698.8 753.4 789.3 812.4 778.1 763.7 240.3 566. 1 906.2 836.8 846.4 Pm:senger cars, total ______do ___ _ 461.9 577.8 661.4 670.2 654. I 689.2 Domestl c ______do. __ _ 607.9 711.8 687.5 660.9 167.8 481.8 804.0 748. 5 7.14. 0 2 744. i 450.2 562.8 647.4 658.0 ' 592.8 637.1 671.8 695.1 672.9 649.4 165.1 463.0 779.2 726.2 733.0 Trucks and buses, totaL ______do __ __ 94.6 103.3 114.7 120. 8 128.5 128.8 Domestic ______do. __ _ 1!.\. 8 128.3 116.6 129.1 83.6 117.0 141.7 124.7 127.8 2 139. g 77. I 91.9 104. 1 110.6 106.0 116. 3 117.4 117.2 105.2 114.2 75.2 103.1 127.0 110.6 113 ..\ Exports, totaL ______number __ 23,447 20100 20,507 6, 59! 25,916 22,729 21, 189 22. 437 23,667 17,596 13,241 17,142 32, 370 42. 056 34.607 Passenger cars (new and used) ______do ____ 10,086 11:246 11,807 3, 370 12, ~49 12,652 11, 623 12,056 14, 151 6, 846 3, 519 8, 294 14, 998 29,066 24. 799 Trucks and buses ______do____ 13,361 8,855 8, 7fl0 3, 221 13,007 10,077 9, 566 10,381 9, 516 10, 750 9, 722 8,848 17,372 12, 990 9,808 Imports (cars, trucks, buses), totalc?' ______do __ __ 24, 860 33, 080 45, 678 32, 904 37, 472 43, 197 43,351 37,644 31,049 39,804 21,964 •32,350 38,835 39.086 40.952 Passenger cars (new and used)cf' ______do .... 24, 076 32, 063 44, 220 32, 020 36,567 41,040 41,974 36, 197 29,814 38,663 21,240 31.019 36,8.34 38,504 40.037 Production, truck trailers: Complete trailers, totaL ______do __ __ Vans ______do ___ _ 4. 263 5, 6.10 5, 295 5, 726 5. 385 (i, 147 5. 922 6,389 5, 888 .1, 927 6, 240 6,170 6, 940 6.487 2, 650 3, 730 3, 689 3, 896 3,609 3, 970 3, 574 3,851 3, 643 3, 515 3, 773 3, 754 4, 318 4. 311 Chassis, van bodies, for sale separately _____ do __ __ 462 996 7.16 627 805 1.108 I, 108 I. 296 649 601 462 547 632 621 Registrations:0 New pa~senger cars ______thous __ 487.9 578.2 644.4 553.9 498.0 624.2 758.8 714.7 Foreign cars ______do.... 691.6 706.0 5.52. 9 403.6 714.7 640.2 712.0 31.6 28.3 29.8 27.0 27.6 32.5 42.7 39.4 35.9 34.5 31.5 33.7 32.2 26.4 35.8 New commercial cars (trucks) ______do ___ _ 76.6 89.1 101.3 90.5 82.4 99.2 120.0 107.6 102.8 Ill. 3 105.0 93.5 117.1 100.4 114.6 RAILROAD EQillPMENT Freight cars (ARCI): Shipments ______.number__ 2, 655 3,046 1,899 2,445 3,074 4,026 3,755 2, 405 3, 701 4,017 4.141 4,327 4, 725 3, 911 4.442 Equipment manufacturers, totaL ______do __ __ I, 572 1,962 1,336 I, 330 1,820 2,639 2,812 1, 719 2, 685 3,016 2, 907 2, 984 3,366 2, 925 3, 087 Railroad shops, domest!c ______do ___ _ 1,083 1,085 563 I, 115 1, 254 1, 387 943 686 I, 016 1,001 I, 234 I, 343 1,359 986 1,355 New orders ______do ___ _ 2,564 3,076 4, 265 3,816 5, 074 ' 5, 522 2, 570 5, 978 2,349 4,3.54 3,020 2, 319 '8, 531 '8. 278 10,397 Equipment manufacturers, totaL ______do ___ _ 1.597 1, 979 1, 686 2, 965 3, 385 3,100 2,110 5,349 1,908 2, 083 2, 986 I, 921 ' 3, 802 • 6, 673 7, 878 Railroad shops, domestic ______do ___ _ 967 1,097 2, 579 851 1, 689 '2, 422 460 629 441 2, 271 34 398 4, 729 I , 605 2, 519 Unfilled orders, end of year or mo ______cto____ 13,462 14,315 16,122 17,565 19,952 21,307 19,872 23,364 21,959 21,925 20, 749 18,388 22, 196 26, 611 32.311 Equipment manufacturers, totaL ______do____ 4, 616 6, 788 7,446 9,177 10, 785 11, 155 10,401 14,011 13,233 12. 279 12,303 11, 188 11,626 15. 425 20,161 Railroad shops, domestlc______do____ 8,846 7, 527 8,676 8,388 9, 167 10, 152 9, 471 9, 353 8, 726 9, 646 8, 446 7, 200 10, 570 11, 186 12, 150 Passenger cars: Sbipments ______do____ 17 23 18 0 0 0 0 0 9 26 43 42 35 24 14 Unfilled orders, end of mo ___ _cto____ 202 174 126 126 136 !53 203 213 204 178 250 220 202 178 317 Freight cars, class 1 (AAR): § Number owned, end of year or mo ______thous__ 1,607 1, 552 1, 552 1, 547 1, 545 I, 543 1, 537 1, 531 1, 530 1, 531 I, 528 1, .\27 1 52! 1, 519 1, 515 Held for repairs,% of total owned______8. 8 8. 0 8. 0 8. 2 8. 3 8. 3 8. I 7. 7 7. 6 7.9 7. 7 7. 7 7. 1 7. o 6. s

' Revised. I Reflects year-end adjustments and changes In accounting practice involv- $Data include military-type planes shipped to foreign governments. ing the concept of backlog. • Preliminary e'timate of production. c?'Data cover complete units, chassis, and bodies. t Monthly revisions for Jan. 1961-0ct. 1962 are available upon request. 0Courtesy of R. L. Polk & Co.; republieation prohibited. 9 Total includes backlog for nonrelated products and services and basic research. §Excludes ra!lroad-owned private refrigerator cars and private line cars.

U.S. GOVERNMENT PRINTING OFFICE:I964 INDEX TO CURRENT BUSINESS STATISTICS, Pages Sl-S40

Earnings, weekly and hourly ______14-16 National defense expenditures______1,18 SECTIONS Eating and drinking places ______11, 12 National income and product______1, 2 National parks, visits______24 ElectricEggs and pawer paultrY------______3,4, 8,7, 2926 General: Newsprint------23, 37 Electrical machinery and equipment______3, New York Stock Rxchange, selected data ~--~ _ 20,21 Business indicators __ ------­ 1-7 5, 6, 13-15, 19, 22, 34 Nonferrous metals ______3, 8, 19, 23, 33,34 Commodity prices------7, 8 Employment estimates ______12-14 Noninstallment credit._------____ 17, 18 Construction and real estate ______9,10 Employment Service activities______16 Domestic trade------1o-12 Expenditures, U.S. Government______18 Oats ______------_------__ 27 Oil burners------34 Employment and population ______Explosives ___ ------25 12-16 Exports (see also individual commodities)____ 1, Oils and fat•------8, 29,30 Finance_ .. ______------16-21 2, 21-23 Orders, new and unfilled, manufacturers'----- 6 Foreign trade of the United States ______21-23 Ordnance_------13-15 Transportation and communications.. ______23,24 Express operations __ ------23 Paint and paint materials______8, 25 Failures, industrial and commerciaL______7 Panama Canal traffic______24 Industry: Fans and blowers __ ------34 Paper and produc~s and pulp______3, Farm income, xnarketings, and prices ______1, 3, 7 5, 6, 8, 13-15, 19, 23, 36,37 Parity ratio______7 Chemicals and allied products------­ 25 Farm wages _____ ------16 Electric power and g&•------26 Fats and oils-·------8, 22, 29,30 Passports issued ___ ------24 Food and kindred products; tobacco ______26-30 Federal Government finance______18 Payrolls. indexes______14 Leather and products ______30,31 Federal Reserve banks, condition oL ------16 Personal consumption expenditures______1, 2 Federal Reserve member banks------17 Personal income------2, 3 Lumber and manufactures_------31 Fertilizer•------8, 25 Petroleum and products______4-6, Fire losses------10 8, 11, 13-15, 19, 22, 23, 35,36 Metals and manufactures __ ------32-34 Fish oils and fish______29 Petroleum, coal, and products __ ------35, 36 Pig iron------32 Pulp, paper, and paper products------36,37 Flooring, hardwood------31 Plant and equipment expenditures ___ ------2, 20 Flour, wheat_ __ ------28 Plastics and resin materials______25 Food products ___ 4-8, 10, 11, 13-15, 19, 22, 23, 27-30 Rubber and rubber products------37 Population _____ ------______12 Foreclosure., real estate______10 Pork ____ ------28 Stone, clay, and glass products------38 Foreign trade (see also individual commod.) ... _ 21-23 Textile products ___ ------38--40 Postal savings_------17 Transportation equipment------40 Foundry equipment_------34 Poult.y and egg•------3, 7, 29 Freight carloadings------24 Prices (see also individual commodities) ----- 7, 8 Freight cars (equipment)______4, 40 Printing and publishing ______4, 13-15 Fruits and vegetable•------7, 8, 22 Profits, corporate------1,19 Fuel oiL------35,36 Public utilities ______2--4, 7-9, 13-15, 18-21 Fuels------4, 8, 35, 36 Pullman Company------24 INDIVIDUAL SERIES Furnaces ______------34 Pulp and pulpwood------36 Furniture_------3, 4, 8, 11-15, 17 Purchasing power of the dolh><.------8 Advertising ______------10, 11,16 Fure ______------___ _ 23 Aerospace vehicles .. ------40 Radiators and convectors __ ------34 Agricultural loans _____ ------16 Gas, output, prices, sales, revenues ______4, 8, 26 Radio and television ______4, 8, 10, 11, 34 Air carrier operation•------23 Aircraft and parts ______3, 13-15,40 Gasoline_------1, 35,36 Railroads_------2, 13, 14, 16, 18, 20, 21, 24,40 Glass and product•-----·------38 Railways (local) and bus line•------13-15,23 Alcohol, denatured and ethyL______25 Rayon and acetate______39 Alcoholic beverages.·------8, 10, 26 Glycerin __ ------2 5 Real estate ______10, 17,18 Aluminum. ___ ------23, 33 Gold ___ ------19 Receipts, U.S. Government______18 AppareL ______1, 3, 4, 7, 8, 10-15,40 Grains and products ______7, 8, 22, 24, 27, 28 Asphalt nnd tar products ______35,36 GrocerJ store•------11,12 Recreation_------7 Gross national prcduct______1, 2 Refrigerators and home freezers______34 Automobiles, etc ___ 1, 3~, 8, 10, 11, 13-15, 19, 22, 40 Rent (housing) ___ -----··------__ 7 Gross private domestic investment_------1, 2 Retail trade ______4, 5, 7,11-15,17,18 Gypsum and product•------8, 38 Balance of international payment•------2 Rice ______------__ 27 Banking __ ------16, 17 Roofing and siding, asphalt______36 Barley------27 Hardware stores __ ------11 Rubber and products (incl. plastics)______4~. Barrels and drums __ .. _------33 Heating equipment------8, 34 8, 13-15, 23,37 Battery shipments ___ ------34 Hide. and skins------8, 30 Rye·------27 Beef and veaL------28 Highways and roads------9, 10 Beverage•------4, 8, 10,26 Hogs_------28 Blast furnaces, steel works, etc ______13-15 Home Loan banks, outstanding advances.____ 10 Saving, personaL------2 Bonds, outstanding, issued, prices, sales, Home mortgages------10 yields ______------___ 18--20 ~~~~~e~l~~~1J::::::::::::::::::::======19, ~~ Security markets------20, 21 Bras• and bronze _____ ------33 15, Service•---·------1, 2, 13-15 Brick.. ------38 ~:~~~~======-i4,Hours of work per week------·------;~14 Broker's balances______20 Housefurnishings ______1, 4, 7, 8, 10-12 Sheep and lamb•------28 Shoes and other footwear.------8, 11, 12, 31 Building and construction materials_ 8,10, 31, 36,38 Hou•ehold appliances and radios------4, 8, 11,34 Silk, prices, imports, production______8, 39 Building costs __ ------9, 10 Housing starts------9 Silver------19 Business incorporations (new), failures------7 Soybean cgke and meal and oiL______30 Business population ... ------2 Imports (see also individual commodities). 1, 2, 22, 23 Spindle activity, cotton______39 Business sales and inventories ...... ------4, 5 Income~ personaL------2, 3 Steel ingots and steel manufactures ______32, 33 Butter______------_------·------27 Income and employment tax receipts______18 Steelscrap______32 Industrial production indexes: Stock prices, earnings, sales, etc ____ ------20, 21 Cans (tinplate)------33 By industrY------3, 4 Stocks, department stores______12 By market grouping______3, 4 Carloadings ___ ------24 Installment credit______12,17, 18 Stone, clay, glass products ---- 3-5, 8, 13-15, 19,38 Cattle and calves ___ ------·------28 Stovea and ran~:e•------34 Cement and concrete products ______8-10, 38 Inatallment sales, department stores______12 Instruments and related products ______3,13-15 Cereal and bakery products __ ------8 23, Chain-store sale., firms with 4 or more and 11 Insulating materials______34 ~~~'::;.-_:-::======Sulfuric acid------25i~ or more stores ... ------·~------12 Insurance, life_------18,19 Superphosphate _____ ------______25 Cheese ______------_ 27 Interest and money rates______17 Chemicals ______4--6, 8, 13-15, 19, 22, 25 Inventories, n1anufacturers• and trade ______4-6,11 Tea itnports------29 Cigarettes and cigars______8, 30 Inventory-sales ratios______5 Telephone, telegraph, cable, and radiotele- Civilian employees, FederaL __ ------14 Iron and steeL_ 3, 5, 6, 8, 10, 13-15, 19, 22, 23, 32, 33 graph carriers ______13-15, 24 Television and radio ______4, 8, 10, 11,34 CoaLClay products------______4, 8,13-15,22, 24,358, 38 Labor advertising index, disputes, turnover___ 16 Textiles and products __ 3, 5, 6, 8, 13-15, 19, 22, 38--40 Cocoa __ ------23, 29 Tin------23, 33 Coffee __ ------23, 29 Labor force------12 Tires and inner tubes ______8, 11, 12,37 Coke_------24, 35 Lamb and mutton------28 Tobacco and manufactures ____ 4-8, 10, 13-15,22,30 Comnlunications ______2, 13-15,20, 24 Lard ____ ------28 Lead __ ------33 Tractors __ ------22, 34 Confectionery, sales ... ------29 Leather and products ______3, 8, 13-15, 30, 31 Trade (retail and wholesale) ______~ __ . 4, 5, 11, 12 Construction: Transit lines, local------23 Contracts ____ ------9 Life insurance __ ------18, 19 Transportation ______1, 2, 7, 13-15,23,24 Cost•------9, 10 Linseed oiL------30 Transportation equipment______3-6, 13-15, 19,40 Livestock._------3, 7, 8, 24, 28 TraveL ______------23, 24 Employment, hours, earnings, wages------13-16 Loans, real estate, agricultural, bank, brokers' Highways and road•------9, 10 (see also Consumer credit) ______10, 16, 17,20 Truck trailer•------___ ------40 Housing starts...... 9 Trucks (industrial and other)------34, 40 New construction put in place ______1, 2, 9 Lubricants_------35, 36 Lumber and products ______. 3, 5, 8, 10-15, 19,31 Consumer credit __ ------17, 18 Unemployment and insurance. ______12, 16 Consumer expenditures __ ------1, 2 U.S. Government bonds ______16-18, 20 Consumer goods output, index------3, 4 Machine tools------34 U.S. Government finance______18 Consumer price indeX------~------7 .Machinery ____ ------___ 3, 5, 6, 8, 13-15, 19, 22, 34 Utilities ______2--4, 9, 13-15, 18-21, 26 Copper ___ ------23, 33 Mail order houses, sales------11 Corn ___ ------27 Manmade fibers and manufactures ______8,39 Vacuum cleaners ____ ··------34 Cost of living (see Consumer price index)---- 7 l'vfannfacturers' sales (or shipments), inventoa Variety stores------11,12 Cotton, raw and manufactures ______7, 8, 22. 38,39 ries, orders.------.------_-_ 4--6 Vegetable oil•------30 Cottonseed CE"ke and meal and oil______30 Manufacturing employment, production work· Vegetables and fruits ______7, 8, 22 Credit, short- and intermediate-term------17,18 en, payrolls, hours, earnings ______13-15 Vessels cleared in foreign trade______24 Crops ______3, 7, 27,28,30,38 Manufacturing production indexes ___ ------3, 4 Veterans' benefits_------16, 18 Crude oil and natural gas------4, 13-15,35 Margarine _____ ------__ - ______-----______29 Currency in circulation __ ------19 Meat animals and meats.------3, 7, 8, 22, 28 Wages and salaries ______1, 3, 14-16 Medical and personal care------7 Washers and driers------34 Dairy products ___ ------3, 7, 27 Metal•------3-G, 8, 13-15, 19, 22, 23, 32-34 Water heaters------:>4 Debits, bank ___ ------16 Milk ___ ------·------27 Waterway traffic______24 Debt, U.S. Government______18 Mining and minerals ______2--4,8,13-15,19,20 Wheat and wheat flour______28 Department store•------11, 12, 17 Monetary statistic•------19 Wholesale price indexes______8 Deposit•, bank ______16, 17, 19 Money supply------19 Wholesale trade ______4, 5, 7,13-15 Disputes, industriaL ___ ------16 Mortgage appEcations, loans, rates ______10, 16, 17 Wood pulP------36 Distilled spirits_------26 Motor carrier•------23, 24 Wool and wool manufactures ______7, 8, 23,39 Dividend payments, rates, and yields ____ 1,3,18-21 Motor vehicJeg _____ 1, 3~, 8, 10, 11, 13-15, 19, 22,40 Drug stores, sal~s_ _ ------_____ ------11, 12 Motors and generators------34 Zinc------33,34 UNITED STATES PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 GOVERNMENT PRINTING OFFICE tGf'O) DIVISION OF PUBLIC DOCUMENTS WASHINGTON, D.C. 20402

OFFICIAL BUSINESS First-Class Mail

MAJOR BUSINESS INDICATORS: ANNUAL SUMMARY, 1958-63

Item I 19o8 I IU!i9 ! 19f>O I 191H ~- 19f>2 19G3 1 Item I 1958 I 1059 19GO 191H 1%3 I

National lnrome and Product Prit·{•s--C'on t inuc1l

:'\ation:tl income (hi!.$)'------307.4 400.5 414.5 421i. 1 453.7 478. 4 Consunwr prirf'.S (1957-liO=lOO) __ ~w-----­ 100.7 10!. 5 103. I ]().j 2 1fl!i. 4 wn. 7

nross n:ttional proc\u('t, total (bil. $)_ __ _ 444.;, 482.7 50~.6 518.2 5M.n \VIllllt'snl<' prir<>s (1U~7-Ml=l00): All cmumoditirs, eonthi1wd indr·x ____ _ Hili. 4 lliO.G lllO. 7 lOll. 3 11111 li 100.3 Pt·r~onnl consumption rxprnditnrrs __ _ 2~13. 2 313.5 :1::!~.'2 33fi.S I 3To5. 4 :1i3. 1 (iro;-;s privatP donw;..:.tic iHVL'f'tnwnt_ __ _ [li. jj 72 7 71. s (ill. II I 7~. k 82. :l Production ~f·t c·xports of good~ and s<'rviers ______1.2 -.X 3.0 4. 4 3. 8 4. ;J Oovt. purchasl's of goods and sl'rvic:(·S_ \1:.{ ;_) !Ji.:.! 9~), ti lOi. n I 117.0 12.~!. l Fnrm markf·tings, physical volnmr, total (1~47-4\J= !IJI!) ______124 130 135 HO Oross nut.!. prod., total (bil. 1954 ;.0 TJ tilitics _____ ------·------______liS. I lOS. II ll5.H 121.8 140.8 Srrvicc industrh's ______34.8 37.7 40.7 43.4 4C.4 49. 5 00VC'1'IlliWnL ______43.2 4.)_ 3 48.4 51.8 5.1.6 5!:J.3 Selected commodities, production: Otlwr lahor inconw ___ ------· !U 10.4 11.0 11.4 12. I 12.1i Coal, bituminous (mil. sh. tons) ______410 412 403 4:!:! 4;"o2 Crude petroleum (mil. hhJ.) ______2.44!J 2, f'l75 2,fi:2~ 2. fl7ti ~ 2, fi:!O PropriPtors' incomr· ______4fJ. 1 411.5 46.2 48. 1 49.8 50. fl Elt•ctric powrr, industrial and utiHty Rt•nbl ineom{' of fJPrsons ______1~. 2 11.9 12.1 U.l 12.0 12.1 (bll. kw-hr.) ___ ------__ _ 724. H 79;). 3 841. (i SiR 7 ~~-~.a. ;i 1.007. 9 LurnhL'r (bil. bd.lt.) ______llivid!'nds. ------12.4 13.7 14.5 15.3 lfJ.tl 17. 8 :l3. 4 :n. 2 32.9 32.0 :J:l. ~ ;\4. fJ Stl·<'l (mil. sh. tons) ______85 v:l 99 H8 9S It!!! Personal intPrrst incom(' ______21.0 23.5 2fi.8 27.7 30.0 32. ,) Pa~senger cars, factory salt•s (thons.) __ 4, 2fo8 fi, fi91 r.. 07.5 b, 5i:l fJ, g;jJ o:Js 'J'r::m~kr p;lynumts ______~1\. 3 27.5 2H. 5 33.6 ;{4. 8 36. g Less personal contributions soe!al insur_ G. 9 7. 9 9.2 9. 5 HU II. 8 Construction

'l'otal nonagricultural income (bil. $) ___ _ 343.0 3C8. 6 3STJ. 1 400.3 424.5 445. 7 New construction, total (hil. $) ______I) 50.2 55.3 53.9 55. ,1 f;2.S New Plant and Equipment Expenditures Privatt•, totaL------34.7 39.2 38.1 38.3 41. 5 43.8 All induRtries, total (bil.$) ______30_1i3 32.54 3fi. fiS 34.37 37.31 39.05 Residential (nonfarm) ______1U.8 24.3 :!1. 7 21.7 :!4.:! ~:). 7 Nonrcsid., except farm and pub. utiL ~. i 8. v 10.1 10. 7 11.4 11.9 1\IJanufarturinf!------______11.43 12.07 14. 48 13.f>8 !4. (i8 15.62 Public, totaL_------______15.5 Hi.! 15.9 17.2 1 i. tl 1~. 0 Durahll' goods il1tlustri(•s ______5. 47 5. 77 7. 18 (), 27 7.oa 7. 77 Nonresidential buildings ______4. 7 4 5 4.8 5.:2 5.1 5. & Nondurable goods industries ______5. 96 1\.29 7.30 7. 40 7.6.1 7. 85 Highways __ ------5. 5 5.H 5. 4 .1. 9 {i.:! Mining ______. !)4 . 99 . 99 . 98 1.08 1.04 Civilian Labor Force Railroa. 9 JFi. 7 15.8 11).3 lii. H I i. 0 Retail trade, totaL ______200.4 215.4 219.5 218.8 235.4 24G. 4 Wholesale au7-fo9=100) ______105. 1 106.7 J05. 4 113.7 llS.O l)urahle grods estnlilishments __ ·-- __ 50.4 58.8 fiG.S 56.~ (i0.3 63.0 Average\YOrker wet'kly______hours per protlUl'.tion. ___ _ Nondunibl<' goods eotabliohments•-- fi2. 7 {iG. n li8.8 iO. 7 74.0 77.1 39.2 40.:1 39.7 3:lS 4il. 4 40.4 Invrntorirs, book value, end of year: un- Finance adjusted, total (bil. $) ______84.7 89.4 !12.0 93.0 97.7 !01.2 Consumer cretlit (short- and intrrmedi­ Manufacturing, totaL ______52.5 57.4 fi\J.G ntr-trrn:), outstanding, <•ud of Yl'ar: I lurable goods industril's ______Total (bil. $) ______fil. 5 G~. 2 3J.ii :J:l. 9 3!'J. 5 Installment ______w.o 57.7 Nondurable goods industries ______~1.0 ~3. 5 21.1t 39.2 42.8 43.5 4~.1!

Retail trade, totaL ______23.2 24.4 25.9 25.4 27.1 27. s I FL•Lieral finance (bil. $\: llmable goods stores ______Gross th•bt (dirt'tt.), DL'C. 3L ______31)9.3 10.2 10. 7 11.6 10.8 1Lo 11.71 2'i2. 9 2fi0.8 290.2 290.2 Nomlmable goods stores ______1~i. 0 1a. 7 14.3 14.7 15. ti !G. I Budgt>t reeeipts and c•xpenditures: I Rl'cPipts, n<•L------~------~ ______1>8. 3 72.7 79 . .5 78.2 S7. 5 Merchant wholesalers, total• ______II. 5 12. 5 12.5 12. s 13.2 Income taxL·s ______;JH. tJ G3.1 6S. 7 fi8. 4 77. 1 Durable ~oods establishments ______7.0 7. 7 ,,, 7. 9 ~~: ~ I ,'\ondurable goodscstab!;shments •-- 4. 5 4.8 4. 9 5.0"' .1.3 Expenditures, totaL ______75. :i 77. (} 84. 5 5. 61 Kational Defense'------45. 7 45.7 4~.:! '\Tanufacturers' ordrrs (hil. $): Now (net), totaL ______322.k 3tiH.1 361.4 3"'' - 398.0 420.2 Currency in circulation, Dee. 31 (hi!.$)_ 32. G 32. !l 33.9 l>urable goods industri('s ______~--- 15S.Il Hll.4 182.7 ISS.O 205.0 Money supply, l'tc. (av. of daily fig-.) Nondurable goods industries ______ll;l.~ 17(i. 7 178. 7 1tH.S W3.0 II· (hi!.$): ~6~: ~ Morwy supply, totaL ______]:)f.;,J 142. 8 140.9 143.2 JIG. 0 l.'ll. r. Unfilled, end of year, unadjusted ______48.S M.l 47.9 46.2 49. 1 ! Currency outsidl' banks ______~K4 :.!X. 9 29.0 2U.1 :l(J.l :Sl.li Durable goods industries ______1S. 7 50.4 44. s 43.7 Demand d<'posits_ ------1111.11 li:J.IJ Ill. 9 114.0 ll5. 9 11\1.0 Nondurable goods industries ______3. l 3.; 3.0 2.6 'l'ime cleposits adjustL•d (hi!.$) ______G2. 8 {iii. 8 (;9.1 7H. 5 !!1.0 !OF.. 3 4~:~ I U.S. Government deposits (bil. $) ____ _ 4.3 4. G 5.3 4. 8 fi.O Prices Foreign Trade l't·ices received by farmers (1910-14= 100)_ 250 240 23S 240 l 2·13 24J I Prict•s paid by farmPrs (incl. int(ln•st, Exports, incl. reexports (bil. $) ______17.9 17.1) 20.6 21.0 21. 7 23.2 312 I General imports (bil. $) ______r;·.2 tax<>s, un