BUSINESS j B INCOME IPAYMENTS ^ m ^ ,

•^'IW r I SURVEY OF CURRENT BUSINESS

March 15, 1957

STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS

I . I I . .» - .M. . . I I . I I . . . I .« .» .»» . . — • • • • • • . » . ••.i^ai.imi-pi a m — i m u . .. .m... . . .!™™.™:-™.™—*»««^^ —i«>—i—1«—.«. M I . , . « I ~ . m M m » . i - . » . I . M I » . ^ . » M . I , . , I I . „

Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected

weekly and monthly data subsequent to those published in the latest monthly SURVEY'

SELECTED BUSINESS INDICATORS

INDEX, 1 9 4 7 - 4 9 = 100

2 5 0

2 2 5

2 0 0

175

S50

ELECTRIC POWER PRODUCTION Monthly

(seasonally adjusted)

^^m^.y01^

^ 1 1 1 1 i 1 [ [ 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1

f*m _

-d

--

1 1 1 I I i 1 1 1 I 1

1956^

I N D E X , 1 9 4 7 - 4 9 = 100

250 Weekly

1957

225

200

175

1954 S955 1956 1957 I I I I I 1 I I I I I J 150

J F- M A M J J A S O N D

INDEX, 1 9 4 7 - 4 9 = 100

2 0 0

175

150

125

100

STEEL PRODUCTION (ingots and steel for castings)

/^/~1 fv ^ % J i i ^ ^ i N i i /i i i 1 I 1 ! 1 1 1 1 1 1 t

r̂ n ! /

_J_LJL-LJ..J..'Il .L...-L J-J—

Monthly

A

0

1 1 i' 1 1 1 1 1 1 I |_.

INDEX, 1 9 4 7 - 4 9 = 100

| 200 Weekly

1957

, / ,

1956 \ ' I

J_J I I I 1 I I I I

175

150

125

soo 1954 1955 1956 1957 J F M A M J J A S 0 N D

B I L L I O N DOLLARS

350

300

250

200

PERSONAL INCOME (Seasonally adjusted, at annual rates)

Total

Wage and Salary Disbursements

L ' ' I i I I M I | I i I I I H I ' ' ' ' ' L i i n li i i i i l n m

1954 1955 1956 1957

B I L L I O N DOLLARS

20 SALES OF RETAIL STORES (seasonally adjusted)

Total

Durable Goods

\ I I I i I i i > I L ' ' M I I I I ' '•' •JJJ \\ M I I I H I I I 1,1 M LI

1954 1955 1956 1957

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

2 WEEKLY BUSINESS STATISTICS1

ITEM

Commodity prices, wholesale:

F i nance:

Federal Reserve bank credit outstanding, total 3/....do.... Member bank reserve balances J>/s.....; .V.............*do„,.,

Federal Reserve reporting member banks in leading cities:4V

Loans and investments (adjusted), total....,...,...do....

Commercial, industrial, and agr. loans (gross)...do....

Bond yields, domestic corporate (Moody's) 5/ .percent.. Stock prices, 480 stocks (Stand. & Poor 'sf*/. 1935-39= 100..

Industrials, 420 stocks..,. .........do,... Production:

1956

Mar. 3

•••••••..

89.0 104

1,661 1,520

30,18! 25,089 18,596

459

56,230 21,493 84,190 28,272 26,346 8,224

293 3.27 331.5 382.3

1,647 11,199 157,532 7,146

2,459 #99.9 711 378

Mar. 10

»II2.4 *86.0 *99.0 * 120.6 89.3 109

1,642 1,504

30,201 25,118 18.670

533

56,417 21,510 84,338 28,157 26,484 8,254

268 3,27 337.3 389.2

1,588 11,133 157,104 7,162

2,462 #100.0

698

1957

Feb. 16

117.0 88.8 104.0 125.5

**89.0 102

*** 1.875 1,737

30,64! 24,997 18,808

471

56,423 22,500 84,828 25,672 30,257 8,782

317 3,99 3S8.3 367.6

1,625 11,946 169,959 7,515

2,501 97.7 676 •XAtn,

Feb. 23

H6.9 88.5 103.7 125.4 88.5 100

1,817 1,679

30,605 24,764 18,895

505

56,214 22,568 85,069 25,809 30,347 8,766

300 3.98 323.9 374.8

1,642 11,920 162,280 7,567

2,504 9"7.8 627 3°6

Mar. 2

116.9 88.3 S03.6 125.4 88.0 100

30,543 24,813 18,683

425

56,370 22,621 85,038 25,723 30,314 8,762

284 3.98 322.3 372.6

1,633 11,791 162,105 7,519

2,456 96.0 704 326

Mar. 9

116.8 88.5 103.6 125.4 88.6

30,565 24,871 18,721

428

327 3.97

161,173

2,411 94.2

U Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data. J5/ Week beginning March II, 1957: Production, 2,373 thous. short tons; operating rate, 92.7 percent. ^Monthly index for February 1956. **Wednesday price, ***Revised data for preceding week: 1,853. #Not comparable with 1957 rates, which are based on higher capacity.

MONTHLY BUSINESS STATISTICS

ITEM

GENERAL BUSINESS INDICATORS

Personal income, by source, seasonally adj., at annual rates:

Wage and salary disbursements, total.......... do....

Less personal contributions for social insurance...do....

COMMODITY PRICES

Reta i1 pr i ce: All commodities (U.S. Dept. of Commerce index).!935-39=* 100..

CONSTRUCTION AND REAL ESTATE

Construction cost index: E. H, Boeckh and Associates: Apartments, hotels, and office buildings: Brick and concrete........ U. S. avg. 1926-29=100..

Commercial and factory buildings:

Res i dances:

1955

December

317.5 218.2 94.5 57.6 29.4 36.7

7.3 49.2 30.2 18.0 5.4

302.8

208.1

270.1 266.1 267.3

278.1 275.3 265.7 267.3 260.8

268.0 261.9

1956

January

316.7 219.0 94.8 57.9 29.5 36.8

7.3 49.4 28.5 18.2 5.7

! 301.6

207.6

271.2 267.1 268.4

i 279.4 1 276.3

267.2 268. 1 261.3

269.1 262.7

October

332.5 229.7 100.6 60.2 30.9 38.0

7.4 52.3 30.2 18.9 6.0

316.3

213.4

281,0 276.9 277.0

289.2 288.8 276.0 275.3 275,1

277.4 270.3

November

333.5 231.0 101.1 60.6 31.1 38.2

7.4 51.7 30.3 19.1 6.0

317.9

213.8

281.4 277.3 277.3

289.6 289.1 276,3 275.5 276.1

277.6 270.6

December

r334.0 r232.9 r102.3 60.9 r3l.3 r38.4

7.4 51.2 29.2 rl9.3 6.0

r3!8.8

213.9

281.9 277.7 277.4

290.2 289.6 276.5 275.5 276,4

277,8 270.6

1957

January

335.2 233.0 101.8 61.4 31.2 38.6

7.5 51.2 30.6 19.6 6.7

320.0

214.1

282.7 278.3 277.9

291.3 I 290.3

277.4 275.4 276.8

278.3 270.7

jr/ Revised-CORRECTION for page S-2 of February 1957 issue of the Survey of Current Business: Poultry and eggs component of the farm income and marketings series for December 1956 should read 321 instead of 371 (mil. of dol.). 3S.A.4 3

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

MONTHLY BUSINESS STATISTICS — Continued 3

1956 ITEM

January February November December

1957

January

CONSTRUCTION AND REAL ESTATE - Continued

Eng i neer i ng construct ion : Contract awards (ENR) J/,.......*« mi I. of dol..

Construction cost indexes: Associated Genera! Contractors (all types).. 1913=100.. Engineering News-Record: Building 2/. 1947-49=100..

Construction 2/ ..do....

smi U of d o l .

DOMESTIC TRADE A l l reta?I s to res : 3/

Estimated sales (unadjusted), t o t a l SS>B9.., Durable-goods s tores :

A'tftomoti ve group . . . . d o . * . Furniture and appliance group .......do...

Nondurable-goods stores: Apparel group,. ••••do«.« Drug and proprietary stores. do... Eating and drinking places ..do... Food group .» do.-.. Gasoline service stations. do... Genera I -merchand i se group do...

Estimated sales (seasonally adjusted), total..... do... Durable-goods stores...... ..do... Nondurable-goods stores. 8,4,(io,,s

Estimated inventories; Unadjusted, tota I .do... Durab le-goods stores m9do„ * • Nondurable-goods stores. .do...

Adjusted, tota \ *.„..... .do... Durab le-goods stores. , .do... Nondurab I e-goods stores. .•••...•• .do...

Department store sales, United States total: Unadjusted index ...... 1947-49= 100. Adjusted index. .do...

Wholesale trade: Sales, estjmstsd (unadjusted), tcta! ....mi!, of doU Durab le-goods estab I ishments do... NonduraD le-goods estab I i shments.. .. .do...

Inventories, estimated (unadjusted), total...... do... Durab le-goods estab I i shments. do... Nondurable-goods estabIishments. ••.do.».

EMPLOYMENT

Labor turnover in manufacturing establishments: Accession rate..............month Iy rate per 100 employees. Separation rate, total....... do... Discharge, ••••••.. .....do... Lay-off.., .do... Quit... do... Mi f itary and mi seellaneous. .....do...

Unadjusted:

Adjusted:

FINANCE

Consumer cred i t (short- and i ntermed i ate-term): Total outstanding, end of month................mi I. of dol..

Installment credit, total. do.... Installment credit extended and repaid:

Extended, tota I.... do.... Repa i d, tota I do.,..

Extended, totaI............ .do..., Repaid, total. ....do....

Bonds: Prices: Average price of all listed bonds (N.Y^S.E.) ....dollars.. Domest ic. do,... Foreign.. ••••••... do..,.

Industrial, utility, and raiIroad (AI+ issues), composite (Standard and Poor's Corporation)...do I. per $100 bond..

Domestic municipal fStand. and Poor's Corp.) .do.... Value, issues listed on New York stock Exchange: Market value, all issues .mil. of dol., Domest ic..... do.... Forei gn *. .do...,

Face value, ail issues do..., Domest i c ....do..., Foreign. .do....

Yields: Domestic corporate (Moody's) percent.. By ratings: Aaa do...,

Aa do..., A,....,* ........do.... Baa ...do...,

By groups: Industrial do.. Pub I i c ut i I i ty = * * * do.. Rai Iroad - ....do..

Domestic municipal (Stand, and Poor's Corp.)... . •.. ..do..

1,593

452 142.9 150.2

13,866

2,744 761

721 459

i,084 3,517 1,012 1,278 15,658 5,456 10,202

22,790 10,870 11,920 24,080 11,390 12,690

95 124

9.360 3J20 6,240

12,480 6,280 6,200

3.3 3.6 .3 1.7 1.4 .2

37,848 28,886

2,885 3,019 r3,432 r3,107

98.00 98.31 78.79

113.3 121.3

105,598 103,572 1,371

107,752 105,357 1,740

I > 781

452 142.9 150.2

13,686

2,812 757

667 451

1,041 3,446 983

1,271 i5,346 5,354 9,992

23,840 11,330 12,510 24,210 11,450 12,760

92 118

9.540 3,230 6,310

12,570 6,470 6,100

3.1 3.6 .3 1.8 1.3 .2

37,474 28,915

2,918 2,889 r3,3l7 r2,946

97.82 98.08 79.52

113.9 122.4

105,444 103,510

1,286 107,799 105,536

1,618

3.28 3.08 3.16 3.28 3.58

3.20 3.26 3.37 2.58

1,736

470 147.9 155.4

16,639

2,907 1,003

1,095 470

1,158 4,024 1,184 2,030 16,358 5,664 10,694

24,750 10,450 14,300 23,490 10,420 13,070

158 131

11.160 3,670 7,490

13,640 6,590 7,050

3.0 3.3

.3

1.3

/2

40,631 31,024

3,387 3,174 3,453 3,160

92.14 92.42 75.09

103.7 109.0

99,382 97,663 1,211

107,861 105,677 1,613

3.90 3.69 3.76 3.90 4.24

3.82 3.86 4.01 3.38

1,590

470 148.5 156.3

19,532

3,122 1,194

1,694 632

1,201 4,204 1,182 3,033 16,491 5*814 10,677

r22,400 r9,940 r12,460 r23,860 r10,700 r13,160

r222 129

10,570 3,410 7, 160 13,310 6,540 6,770

r2.3 2.8 .2 1.4 1.0 .2

41,863 31,552

3,735 3,207 3,368 3,185

91.59 91.91 71.94

102.8 108.1

99,022 97,358 1,159

108,109 105,929 1,611

3.99 3.75 3.85 3.98 4.37

3.95 3.93 4.08 3.44

1,664

472 r148.6 r156.7

r14,889

r2,996 r776

r785 488

r1,096 r3,838 rl,137 rI,328 16,439 5,706 10,733

22,890 10,400 12,490 24,030 10,790 13,240

p96 p!25

10,300 3,330 6,970

13,190 6,660 6,530

p3. l p3.3 P.2

p i . 5 p i . 3

P.3

40,916 31,298

3,154 3,408 3,613 3,385

93.33 93.69 73.00

102.8 108.6

100,951 99,253 1,165

108,165 105,933 1,596

4.04 3.77 3.89 4.01 4.49

4.02 3.98 4.12 3.40

r/ Revised. £/' Preliminary. U Data for November 1956 and January 1957 are for 5 weeks; other months, 4 weeks,

shown here for the previous month. 3/ February 1957 are advance estimates. 33; a.43 -

2/ Data reported at the beginning of each month are

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

4 MONTHLY BUSINESS STATISTICS — Continued ' ~ ™ ~ " '

ITEM

FINANCE - Continued

Stocks: Dividend rate per shares Common stocks (200 stocks), Moody5sse..• • .«9c.«».oCSoi iars99

Industrial C125 stocks)••••••••••.•••••••••••••••.do.... Public utility C24 stocks)......................