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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , JANUARY 19, 1939
SUMMARY OF BUSINESS TRENDS
TNDUSTRIAL activity has picked up following the curtailment over the year-end holiday period, but the seasonally
corrected data indicate a rate somewhat under that prevailing
prior to Christmas week. The production of steel ingots for
the week of January 14 stood at 52 percent of capacity, and the
schedules for the following week indicate a rate of 53 percent.
This is almost double the rate a year ago, but the indicated
production for the first 3 weeks of the year is lower than the
average rate in December whereas, the usual.-seasonal ino\x-iaent-,,
is upward. Automobile production for the second week of the
year totaled 86,925 units, a moderately higher total than in the
2 preceding weeks, but less than the weekly rate in the first 3
weeks of December. Assemblies of automobiles are about onethird higher than a year ago. After allowance for the influence
of the holidays, freight-car loadings have shown very little
change since the middle of December.

Additional data on retail trade in December confirm earlier
indications of a relatively favorable movement during the preholiday period. Sales of general merchandise in rural areas
showed a more-than-seasonal increase over the November figures.
The index at 129 (1929-31 — 100) was only slightly below the
1937 high recorded in October of that year.
The movement of commodity prices for the year to date reveal
only minor changes in price relationships. Moody's index of 15
coxp.na3^itie^,/ie.filijied^fll-fgljtiyfc-.l^it.v?.t, the end. of the week was
higher than in mid-December. Retail prices of department
store articles, as computed by Fairchilds, have shown no important change since last July, but in December they were
about 5 percent lower than at the end of 1937. Security prices
have moved lower since the first of the year. The Dow-Jones
average of 30 industrial stocks was off 4 percent between January 3 and January 14.

SELECTED BUSINESS INDICATORS
(PERCENT

OF




(THOUSANDS OF

INGOT CAPACITY)

'j>v 1 m 1'uilwIUJ\uk\w1vul,ml-'jA' 1 m 1 >gj

cl

CRUDE PETROLEUM PRODUCTION
'

'""•"

)S OF

(TKQUSANOS Of CARS)

VEHICLES)

'w1mlu; 1 u 1 1 m \M^IUAtolwIw

BITUMINOUS COAL PRODUCTION
I THOUSANDS Of SHQftT TONS)

FREIGHT CAR U0AD1NGS

AUTOMOBILE PRODUCTION

STEEL INGOT PRODUCTION

3ARRELS * • DAILY AVERAGE)

1 w}

ol

MV.lmua 1 w 1 ^ l i u 1 ^ 1 J&I ml 'AV 1 & 1 *&>
ELECTRIC POWER PRODUCTION
(MILLIONS OF

KILOWATT HOURS)

WEEKLY BUSINESS INDICATORS
[Weekly average 1923-25=100]

Business activity:!
New York T i n i e s t
Barron'so"
Business week
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (813)
Farm products (67)
Food (122).__
All other (624)
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolyticf
Cotton, middling, spot.

77.0
67.6
72.6
80.6

76.9
68.3
72.5
80.5

76.6
67.:
72.:
80.5

2 105.2 105.6
8 108.9 109.0
2113.0 113.6

81.9
79.4
82.1

92.4 91.8
99.4 101.1 101.1
105.6 105.0 103.5
76.7
67.4
72.6
80.6

81.0 80.8 85.7 85.2
92.3 90.9
73.4
87.3 86.7
76.8
83.6
83.1 83.0

79. 80.0 80.3 79.7 79.8 83.9
79.7 79. 79.7 79.7 79. 75.4 71.
32.4 32. 32.7 32.4 31.6 31.6

Construction contracts^
-.
Distribution: Carloadings
55.
Employment: Detroit, factory...
Finance:
Failures, commercial
73.
Bond yieldst
66.9 67.2
107.1 110.5
Stock pricest.~.

90.' 90.0
87.0 85.5
47.8 47.8

57.3
126.8 82. 80. 66.8
52.1 59.9 63.2 60.6 57.6 72.6 73.0
1114
100.9 88.6
102.9

46.4 46.4
58.0 56.3 53.1 67.6
63.3 63.4
68.1 68.5 68.8 7L4
110.1 107.8 107.6 97.4 92.3 143.8 142.1
SComputed normal=100.
•Data do not cover calendar weeks in all cases.
® Index for week ended Jan. 21, is 89.0.
cTFor description of these indexes, see p . 4 of the Dec. 16,1937 issue.

1937

1938

1939

1937

1938

1939

Jan. Jan. Dec. Dec. Dec. Jan. Jan. Jan. Jan.
16
9
31 24 17 15
14
7

Jan. Jan. Dec. Dec. Dec. Jan. Jan, Jan. Jan.
16
24
14
7
Fin ance— Continued
Banking:
Debits, outside N. Y. C.J.
Federal Reserve reporting
member banks:
Loans, total..,
Interest rates:
Call loansj.
Time loanst
_
Currency in circulation^
Production:
Automobiles
-—
Bituminous coal?
Cotton consumption!
Electric powerf
Lumber
Petroleum tSteel ingots®
Keceipt, primary markets:
Cattle and calves
Hogs
Cotton
Wheat
__„
JDaily average.

90.8 133.4 101.8 118.5
66.9 67.3 67.5
24.2 24.2 24.2
28.6 28.6 28.6
138.3 140.5 142.0

82.4 132.7

137.4

67.8 68.0 73.6 73.8 72.3 72.7
24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6
143.2 141.7 131.8 133.9 131.4 133.2

113.9 100.5 98.6 121.7 134.9
86.9 92.4 82.2 79.4
84.0 106.5 124.0
130.2 127. 3 141.8 140.0
5 51.4 40.3
38.7 29.5
154.3 153.8 165.6 157.3
87.3 85.6 65.5 87.3 97.2
56.0 48.
45.1 53.6
18.1
L 8 127.0

44.:

57.9
52.7
56.2
44.

f Weekly average, 1928-30^100,

68.4
64.4
67.3
48.2

86.2
74.2
80.8
127.0

70.9
65.8
85.0
128.5

120.9
101.6
129.1
135.9
32.6 30.4 43.5
166.9 165.0 152.9
46.9 43.2 129.4
80.1 70.1 89.5
73.1 68.2 67.5
97.3 70.8 50.0
33.9 >26.8 21.2

126.1
104.5
135.0
134.7
43.1
i49.7
130.4
87.4
68.7
61.2

^Seasonally adjusted.

WEEKLY BUSINESS STATISTICS*
1939
Jan. 14
COMMODITY PRICES, WHOLESALE
•, electrolytic, New YorkJ
dol. perlb—
Cotton, middling, spot, New York
do
Food index (BTadstreet's)
do
Iron and steel, composite.
dol. per t o n . .
Wheat, No. 2 hard winter (Kansas City)...dol. per bu—
FINANCE
Banking:
Debits, New York City
mil. of dol..
Debits, outside of New York City...
do—
Federal Reserve banks:
Reserve bank credit, total
__.
do
U. S. Government securities
do
Member bank reserve balances
do
Excess reserves, estimated
do
Federal Reserve reporting member banks:
Deposits, demand, adjusted
do
Deposits, time.,.
do
Investments, total
do
U. S. Government direct obligations
_do
Obligations fully guaranteed by U. S. Government
...mil. of dol—
Loans, total
do—
Commercial, industrial, and agricultural loans
mil. of dol._
Interest rates, call loansXpercent..
Interest rates, time loanst..do.
Exchange rates:
French franct
.cents..
Found sterling*—
dollars..
Failures, commercial
_..number..
Currency in circulation^...._
...mil. of dol—
Security markets:
Bond sales (2V. Y. S. E.)
thous. of dol. par value..
Bond yields (Moody's) (120 bonds) j
percent..
Stock sales (2V. Y. S. #.),_
thous. of shares..
Stock prices (N. Y. Timts)X
--dol. per s h a r e Stock prices (Standard Statistics) (420)
1926=100Industrials (348)
_..do
Public utilities (40)
do. .
Railroads (32)...
_
do
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles
number .
Bituminous coalt
thous. of short tons..
Electric power———
mil. of kw.-hr..
Petroleumt
.thous. of bbl__
Steel ingots®
pet. of capacity—
Construction-contract awards*
thous. of dol-.
Distribution;
Freight-car loadings, total
cars—
Coal and coke
do
Forest products
do
Grains and grain products
do
Livestock
_.do
Merchandise, 1. c. 1
do Ore
do"—
Miscellaneous
_
do
Receipts:
Cattle and calves
thousands
Hogs
do
Cotton into sight..
thous. of bales..
Wheat, at primary markets
...thous. of bu._




1937

1938

Jan. 7

Dec. 31

Dec. 24

Dec. 17

Dec. 10

Jan. 15

0.110
.088
2.31
36.37
.71

0.110
.089
2.33
36.36
.72

0.110
.089
2.35
36.36
.71

0.110
2.34
36.37

0.110
.086
2.38
36.38
.67

0.110
.086
2.39
36.36
.67

0.104
.086
2.53
38.97
1.05

3,429
4,210

4,620
5,153

3,379
3,937

5,214
5,493

3,676
4,143

3,839
4,380

2,592
2,564
8,956
3,436

2,604
2,564
8,819
3,298

2,610
2,564
8,577
3,072

2,656
2,564
8,472
2,979

2,600
2,564
9,034
3,475

2,591
2,564
8,966
3,442

16,050
5,177
13,110
8,206

15,888
f 5,161
?13,114
" 8,189

15,986
5,160
13,219
8,266

16,025
5,141
13,269
8,333

16,221
5,130
13,008
8,080

l t 715
8,367

1,732
8,412

3,818
1.00
1.25

3,826
1.00
1.25

1,732
8,430
3,843
1.00
1.25

lf7i8
8,473
3,857
1.00
1.25

2.636
4.672
300
6,718

2.628
4.646
254
6,823

2.631
4.656
236

35,870
3.86
5,405
103.99
91.5
109.2
SO. 3
29.6

39,410
3.88
5,808
107.33
95.6
114.5
80.8
32.5

86,025

76,685
1,480
2,169
3,215
50.7

51.7

115
3,090

•Data dp not cover calendar weeks in all cases.

Jan. 8

Jan. 16

1936

Jan. 9

Jafi, 13

.086
2.53
38.93
.98

0.120
.i30
2.99
36.55
1.40

0.118
.130
2.97
36.52
1.41

0.090
.119
2.69
33.34
1.12

3,175
3,823
2,599
2,564
7,193
1,386

4,131
5,i28

4,165
4,583

4,386
5,311

4,080
3,899

2,603
2,564
7,071
1,267

2,476
2,430
6,740
U, 103

2,464
2,430
6,627
2,010

2,406
2,430
5,869
3,095

16,114
5,127
12,990

14,463
5,203
12,138
8,097

14,219
5,225
12,023
8,056

15,562
5,053
13,758
9,275

15,425
5,052
13,768
9,303

13,770
4,898
12,788
8,576

1,696
8,496

1,685
8,460

1,131
9,195

1,125
9,226

1,240
9,039

1,240
9,085

85

3,872
1.00
1.25

3,881
1.00
1.25

4,501
1.00
1.25

4,517
1.00
1.25

1.00
1.25

1.00
1.25

.70
1.00

2.633
4.666
229
6,952

2.629
4.670
216
6,881

2.637
4.681
221
6,849

3.355
4.998
275
- 6,402

3.395
5.002
281
6,501

4.670
4.911
189
6,383

4.671
4.911
189
6,467

6.620
4.962
250
5,735

50,970
3.93
7,537
106.94
92.6
111.3
77.5
30.1

52,060
3.95
5,980
104.65
91.1
109.7
76.9
28.2

57,080
3.97
7,356
104.48
93.0
112.0
78.3
29.0

41,080

3.96
4,616
102.27
91.2
109.6
77.9

38,520
4.12
7,099
94.55
86.4
101.5
78.8
31.4

37,760
4.15
6.051
89.68
80.7
94.2
76.9
28.2

92,040
3.65
17,591
139.63
127.1
147.0
116.4
66.4

96,600
3.66
13,020
138.02
123.5
143.2
111.7
54.6

114,750
4.04
15,555
115.81
100.9
115.3
97.9
44.7

02,890
1,400
2,363
3,450
51.7
13,218
574,462
140,435
27,612
30,724
11,997
140,900
9,001
213,793

102,905
1,353
2,333
3,276
57.6
12,894

100,705
1,365
2,319
3,245
59.9

65,735
1,264
2,115
3,477
27.8
10,722

54,084
1,120
2,140
3,437
25.6

92,280
1,731
2,264
3,185
78.8
9,200

96,230
1,780
2,244
3,118
79.4

95,170
1,479
1,950
2,834
49.4
7,803

630,849
126,917
21,733
29,324
12,819
122,302
8,932
208,772

75,215
1,574
2,121
3,204
38.8
20,359
499,895
138,393
17,945
25,897
10,374
115,079
6,995
185,207

606,314
133,048
29.113
35,956
13,177
148,091
8,260
238,669

619,340
134,964
28,043
34,421
14,545
151,325
10,281
245,761

580,600
138,219
25,871
42,393
15,219
141,252
7,772
209,874

552,568
117,694
24,258
39,672
14,635
142,138
6,454
207,717

696,035
172,999
31,769
31t4S2
15,768
160,929
11,143
271,945

700,046
182,918
30,037
29,860
15,419
159,001
9,826
272,985

611,347
149,412
28,377
34,669
13,933
149,016
6,036
229,904

177
293
47
2,145

154
348
95
1,879

183
342
146
3.519

216
418
175
3,837

357
239
3,874

253
474
253
2,693

222
443
184
2,132

283
438
130
1,686

276
446
159
2,034

271
403
172
2.669

JDaily average.

27.9

QEate for week ended Jan. 21 is 62.7,

1,149

MONTHLY 1BUSINESS STATISTICS
Monthly statistics, through December 1935, to- 1938
1937
gether with explanatory notes and references
to the sources of the data may be found in the Decem- Decem- January
ber
ber
1933 Supplement to the Survey

1938
F

lry U "

March

April

May

June

August

July

November
;ember October

COMMODITY PRICES
Page 12
Retail prices:
Fairchild's index:
Combined index
Dec. 31,1930=100..
Apparel:
Infants' wear ......... . .
do
Men's
..
.
-do
Women's
. „ ...
.do
Home furnishings
-do
Piece goods
....... ._
.do.-DOMESTIC TRADE

88.9

93.2

92.4

91.2

90.6

90.2

89.5

89.2

89.0

89.0

89.0

89.0

88.9

96.3
88.7
89.0
90.4
84.3

97.2
91.1
93.5
96.3
87.1

97.2
90.9
92.9
95.3
87.0

97.1
90.7
92.2
94.6
86.1

97.1
90.2
91.4
94.2
85.6

97.1
89.9
90.8
93.5
85.4

97.0
89.6
89.9
92.7
84.9

96.9
89.4
89.3
91.9
84.9

96.8
88.9
89.0
91.5
84.8

96.6
89.0
89.4
91.3
84.5

96.5
88.7
89.4
91.1
84.5

96.4
88.7
89,4
90.9
84.5

96.4
88.7
S9.2
90.4
84.4

27,492
3,533

27,046
3,357

31, 792
3,881

29,564
3,641

28,247
3,485

28,007
3,500

24,602
3,303

26,609
3,446

29,517
3,472

30,850
3,728

31,426
3,568

71.6
^.96.1

78.6
_34O_

81.7
_fi7.2_j

Pages 27, 30
Postal business:
Receipts, postal:
50 selected cities
thous. of dol_. 42,470 '41,236
4,994
5,154
50 industrial cities
do
Retail trade:
Variety-store sales:
Combined sales of 7 chains:
203.5
Unadjusted
1929-31=100.. v 194.0
Mail-order and store sales:
Montgomery Ward & Co
thous. of dol..
Sears, Roebuck & Co^
do
Rural sales of general merchandise:
Total, U. S., unadjusted
1929-31=100..
Total, U. S., adjusted
do

95.2

90.7
-90-7-

90.9

88.0

85.2
96.3

94.1
98.5

98.2
.36.7

r 102.2
.....100.2 .

57,085
68,622

51,360
64,872

21,840
30,620

21,765
30,449

30, 797
41,071

37,063
44,857

36,150
43,463

35,745
43,820

29,075
36, 316

32,849
39,934

38,556
49,167

46,667
53,345

42, 295
51,215

183.6
129.3

179.5
126.4

86.6
104.3

90.4
99.9

98.4
105.8

107.9
112.3

103.5
110.1

106.2
112.4

84.8
110.2

98.2
114.2

121.1
122.4

140.9
115.5

147.2
119.7

mil. of dol.
do...
do...

39,930
18,879
21,050

39,114
18,277
20,837

32,084
14,477
17,607

25,547
10,915
14,633

32,120
14,746
17,373

31,169
14, 572
16,597

28,841
12,828
16,013

32,797
15,637
17,160

30,505
13,828
16,677

28,270
12,247
16,023

29,525
13,085
16,440

33, 235
15,140
18,096

29,406
12,425
16,981

number.
thous. of dol.

875

36,528

1,009
27,818

1,377
21,415

1,149
21,028

1,167
40,325

1,172
21,147

1,123
19,139

1,073
15,918

1,038
14,761

1,015
16,382

866
14,341

997
13,219

984
12,302

452,677
218,478
234,199

164,452
122,364
42,088

121,444
92,387
29,056

199,188
82,072
117,116

245,178
12f>, 260
118,918

352,020
197,448
154,572

216,724
15G, 640
60,084

505,517
345,257
ICO,200

464,920 415,474 196, 697 762,948
389,896 180,228 120, 362 164,682
75,024 235,247
76,335 598,266

243,693
47,181
36,801
6,348
196,511
2,779
139,438

57,230
42,767
27,580
6,775
14,463
138
14,125

49,306
45, 533
5,177
38,527
3,773
1,003
774

103,027
40,802
105
40,170
62,225
215
61,830

81,638
23,995
8,660
12,300
57,643
45,211
1,265

78,813
12,313
6,139
2,250
66,500
6,000
60,500

61,626
35,935
18.405
16,805
25,692
2,002
23, 570

293,900
198,866
141,761
50, 775
95,034
750
94,284

180,606
129,061
119,250
9,604
51,545
1,500
46,045

335,837
124,696
67,232
49,905
211,141
41,659
169,382

110,023
60,887
56,838
2,562
49,136
180
41,824

337,159
63,922
40,561
20,441
273,237
14,458
258,659

145,439
43,071
17,300
21,819
102, 368
44,656
57,712

51,554
46,920
4,634
47,053
44,268
2,785

47,694
42,866
4,828
42,782
39,760
3,022

47,910
43,112
4,798
42,486
39,508
2,978

47,895
43,124
4,770
42,855
39,862
2,092

48,360
43,601
4,760
41,450
38,677
2,773

48,279
43,559
4,720
42,399
39, 571
2,828

48,244
43,551
4,693
42,347
39,548
2,799

49,177
44,489
4,687
43,757
40,919
2,838

49,409
44,657
4,752
44,561
41,674
2,887

49,424
44,676
4,748
44,183
41,339
2,844

50,331
45,649
4,682
44,837
42,041
2,796

50,225
45,546
4,679
45,539
42,675
2,864

50,301
4*, 639
4,661
45,442
42, 597
2,844

FINANCE
Pages 53, 57,58,70,71,72,74,75,76,77
Banking:
Bank debits total
New York City
Outside New York City
Commercial failures:!
Grand total
Liabilities, grand totaL.

Securities issued by type of security, total
(new capital and refunding).thous.of dol
New capital, total
do...
Refunding, total
do...
Securities issued by type of corporate borrower, total
—... - ...thous. of doL
New capital, total
do...
Public utilities
do...
Refunding, total
do...
Industrial
do...
Public utilities
do...
Security markets:
Bonds:
Value, issues listed on N . Y. S. E.:
Par value, all issues
mil. of doL
Domestic issues...
do...
Foreign issues
do...
Market value, all issues
do...
Domestic issues
do...
Foreign issues
do...
Yields:
Moody's:
Domestic (120 bonds)
percent.

388,588
218,907
169,680

3.95

4.16

4.19

4.23

4.36

4.50

4.28

4.40

4.17

4.09

4.17

4.03

3.95

3.21
3.50

3.17
3.50

3.18

3.21

4.49
6.47

4.28
6.06

S (\1
4.21
5.63

4.13
5.49

s fin
4.20
6.65

3.15

-3.73

3.26
3..GS.
4.41
6.25

3.22

4.08
5.36

3.10
~. . 3.46
4.02
5.23

Industrials (40 bonds).
do...
Public utilities (40 bonds)_._do._.
Rails (40 bonds)
do

3.40
3.63
4.82

3.66
4.03
4.79

5.89
3.54
4.01
5 02

3.22
3. 56_
4.34
6.30

3.22

5.73 ~4T20

3.20
3.51
4.24
5.97

3.30

do...

3.08
3.42
4.02
5.27

3.57
4.07
5.06

3.58
4.05
5 44

3.64
4.11
5 75

3.51
3.90
5 44

3.55
3.90
5 75

3.48
3.79
5 25

3.43
3.76
5 09

3.50
3.82
5 18

3.43
3.73
4 94

3.39
3.65
4 83

47,491
1,424

38,869
1,412

39,243
1,422

41,173
1,423

31,858
1,427

35,865
1,426

34,585
1,424

41,962
1,427

44,784
1,427

43,526
1,425

43,527
1,425

47,002
1,426

46,081
1,427

T3v rflfffif^*

Aaa (30 bonds)
Aa (30 bonds)

•- - A~ (8a trends) ; z^z ^ z

Baa (30 bonds)

do...
do...
ZZTZZ^ZAO:JJ

Stocks:
Shares listed, N. Y. S. E.:
Market value, all listed shares.mil. of dol
Number of shares listed
millions.

.

TRANSPORTATION AND
COMMUNICATIONS
Pages 84, 85
Class I steam railways:
Freight-carloadings (Federal Reserve):
62
57
59
64
Combined index, unadjusted 1923-25-100.
57
55
67
62
65
69
Combined index, adjusted
do...
60
57
88
76
89
83
Grains and grain products
do...
77
77
62
62
61
61
Merchandise, 1. c. 1
do
61
60
86
78
82
92
Ore
do
76
52
p Preliminary.
'Revised.
f Revised series. Data revised beginning June 1934; see table 3, pp. 17-18 of the December 1938 Survey.




57
58
77
60
26

58
58
82
59
36

62
61
89
60
32

63
62
84
60
34

71
64
74
61
41

75
68
95
62
48

70
69
81
61
74

MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics, through December 1935, to- 1938
1937
gether -with explanatory notes and references
to the sources of the data may be found in the Decem- Decem- January
1936 Supplement to the Survey
ber
ber

1938
F

*£™'

AT arch

April

May

June

July

21,033
85,656

14,387
77,042

19,574
76,280

54,594
91,160

120,351
114,788

1,303
281
88,754 96,475
62,1S4 45,694
789
838
57,023 50,501
699,6H3 665, 263
£82,654 543,917
116.979 121,316
3,522
2,901
70
78
100,493 78,819

3,204
115,874
37,367
729
40,145
622,454
500, 564
121,890
2,121
64
60,053

5,100
130,872
45,981
671

1,310

1,626

1,502

1,681

1,605

1,630

1,946

2,017

2,306

],900

863
443

1,013
605

920
576

1,021
632

995
615

952
659

1,103
821

1,061
950

1,122
1,120

989
927

1,757

temper October

FOODSTUFFS
Pages 103, 110, 111, 112, 115
Stocks, cold storage, end of month:
Butter, creamery
thous. oflb.
Cheese (total)
do...
Eggs:
Case
thous. of casesFrozen
thous. of lb.
Fish, total (15th of month)
_do...
Total meats
.mil. of lb..
Beef and veal
_„ thous. of lb.
Pork, total
do...
Fresh and cured
do_-_
Lard
do...
Lamb and mutton
^.._do...
Miscellaneous meats
—.mil. of lb.
Poultry
....
thous. of lb.
Livestock:
Cattle and calves:
Eeceipts, principal markets
thous. of animals.
Disposition:
Local slaughter. _
do...
Shipments, total...
_.do__.
Hogs:
Receipts, principal markets.__
do.._
Disposition:
Local slaughter
___—do.__,
Shipments, total
do...,
Sheep and lambs."Receipts, principal markets
do
Disposition:
Local slaughter
do
Shipments, total
do

127.805
119,690

42,953
103,935

300
62, 737
90,678
667
58,350
533,167
426,058
107,109
3,519
72
139,188

831
109,210
79,891
583
60f 970
452,25S
398,565
53T 693
2,895
67
123,500

31, 211
93,497
314
95, 598
72,720
797
59,369
653,346
554,028
99,318
3,294
81
115,105

1,465

1,629

843
632

1,015
630

1,054
557

2,570

2,5S7

2,892

1,962

1,S95

1,724

1,848
726

1,834
753

2,066
815

1,331
620

1,334
557

1,206
517

1,552

1,643

6,255
138,510
55,039
642
33,730
574.097 543,770
450, 516 417, 704
123,581 126, 066
2,148
2,125
62
62
52,049 53,432

172,622 201,252
134,351 150,248

210,703
140,755

194,285 ' 159,254
132,326 «-127,440

3,244
5,942
* 1, 439
6,411
4,765
135,329 125, 018 110,244 94,305 * 78,C91
92, 423
66,716 75, SS2 84, 537 85,665
'484
413
601
548
459
41,218 *• 52,637
35,925 34,467
502,658 451,397 367,177 319,312 * 373,641
378,981 334,777 277, 231 251,045 *" 299,142
123,677 116,620 89,946 67,667 ' 74, 409
1,972
* 3,171
2,606
2,318
1.S61
54
61
50
53
60
52,640 54,941
59,942 77,692 M18,088

1,570

1,797

1,8S1

2,255

2,607

1,249
500

1,122
444

1,323
465

1,397
479

1,903
691

1,929

1.964

2,664

2,986

l,6fiO
587
2,805

1,080
862

979
992

1,146
1,495

1,174
1,786

1,124
1,673

94,277
77

99,856
102,898
79

101,352
106,165

96,990
98,661
79

1,954

1,713

1,739

1,938

1,333
548
2,409

1,150
793

1,058
663

1,067
670

1,079
853

1,274
1,129

106, S29
79

97,900
106,007
78

88,179
94,662
78

95,885
106,524
77

95,675
102, 702
79

99,238
9S, 674

100,787
101,830
79

97,309
98,567
79

68,649
30,452
268,006
42, 786
225,220

71,879 74,461 77,008 79,965 81,822 82,833 84,724 85,132 86,705 87,222
29,341 31,188 31,669 31,504 31,624 33,151 33,13S 33,548 33,975 34,999
268,978 267, 345 269,638 267.942 259, 259 251,213 247,361 243,952 240,251 233,463
45,104 45,228 45,822 45,975 45,101 44,314 43,674 42,724 42,979 41,131
223,874 222,117 223,816 221,967 214,158 206,899 203,687 201,228 197, 272 192,332

87,399
36,064
228,741
40,386
188,355

890
673

1,945

FUELS AND BYPRODUCTS
Pages 119,120,121,122
Petroleum and products: t
Crude petroleum:
Consumption (run to stills).thous. of bbl.,
Production
do....
Refinery operations
pet. of capacity.
Stocks, end of month:
California:
Heavy crude and fuel..-thous. of bbl.
Light crude...
do...
East of California, total.
do...
Refineries
do
Tank farms and pipe lines
do___
Refined petroleum products:
Gas and fuel oils:
Production:
Residual fuel oil....
_do___,
Gas, oil, and distillate fuels, total.do...,
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbls..
Gas, oil, and distillate fuels, total.do....
Gasoline:
Consumption, domestic
do
Production:
At natural gas plants
do
At refineries:
Total.
do....
Straight run_~_
do....
Cracked
do
Natural gasoline blended
do
Stocks, end of month:
Finished gasoline, total
_-.do__.
At refineries.—
do
Natural gasoline
do
Kerosene:
Consumption, domestic.
do
Producticn
do
Stocks, refinery, end of month
do
Lubricants*
Consumption, domestic
do
Production
.do
Stocks, refinery, end of month
do

27,03S
13,563

26,204
13,876

23,866
12,144

25,328
12,294

24,833
11,577

24,392
12,160

22,761
10,784

23,547
12,6SS

24,232
12,691

24, 552
13,074

25,487
13,820

24,573
12,793

27,363
22, 566

27,049
21,543

26,855
19,885

25,981
18,882

27,815
19,972

29.2S4
22,385

30,2S2
24,699

32,285
26,620

32,874
28,841

33,661
30,860

33,344
33,017

30,935
32,069

39,465

35,176

31,861

41,259

43,254

44,911

44,293

47,474

50,459

46,058

46,272

44,991

4,358

4,336

3,889

4,326

4,171

4,196

4,001

4,127

4,226

4,081

4,375

4,244

47,064
20,388
22,785
3,891

46,755
20,751
22,447
3,557

40,469
18,267
19,474
2,728

44,116
19,769
21,114
3,233

44,582
20,040
21,686
2,856

46,645
20,804
23,042
2,799

44,247
19, 735
21,877
2,635

47,607
21.020
23,652
2,935

48,662
21, 524
24,188
2,950

47,312
20,934
23,049
3,329

49,677
21,383
23,862
4,432

47,998
20,397
23,379
4,222

69, 892
46, 234
4,758

79,114
53,219
4,951

85,018
68,945
5,017

85,035
60,043
5,531

82,684
57,660
6,179

SO,987
54,010
6,548

73, 725
47,159
6,951

70,224
43,091
7,614

64,599
40, 137
8.022

63,163
38,819
8,159

63,542
3S,739
6,771

64,083
39,376
5,742

6,420
5,809
7,083

5,360
5,638
6,523

5,017
5,167
5,986

5,150
5,798
6,093

4,333
5,445
6,394

3,637
5,649
7,627

3,257
5.235
9,202

3,752
4,889
10,112

4,292
4,933
10,149

4,187
5,348
10,497

5,185
5,320
9,949

5,368
5,419
9,676

1,495
2,936
7,512

1,471
2,785
8,006

1,311
2,468
8,363

2,195
2.697
8,210

1,591
2,530
8,290

1,730
2,595
8,255

1,606
2,378
8,114

1,844
2,631
8,194

2,002
2,576
7,969

2,127
2,615
7,605

1,805
2,632
7,718

1,735
2,535
7,817

142.7

118.4

75.7

107.0

90.3

66.7

70.2

120.9

117.4

118.1

112.2

METALS AND MANUFACTURES
Page 140
Machinery and apparatus:
Machine tools, orders, new
av. mo. shipments 1926= 100..

146.5

NOTE.—The data in the above tables present, in advance of the monthly Survey of Current Business, such items as were received during the week ended Saturday,
January 14. These figures, like similar information in the table entitled "Monthly business statistics" in each monthly issue, should always be read in connection with
the detailed tables covering
the respective items in the 1938 Supplement to the Surrey cf Current Business, which contains a description of each series and a reference to the
source of the data. Series1 marked with an asterisk (*) are exceptions, representing additions since the 1938 Supplement was issued, and similar data, if published, will be
found in the monthly numbers indicated by the footnotes. Changes in the series are also indicated in the footnotes. The Survey of Current Business, including 12 monthly
Surveys of 56 pages each and the 52 Weekly Supplements, may be obtained from the Superintendent of Documents, Washington, D. C , for $2,00 per year. The 1938 Supplement may be obtained from the same source upon receipt of $0.40.
' Revised.
* Data for November are the latest available.
fRevised series. Data revised for 1937; revisions not shown in the December 1938 Survey will appear in a subsequent issue.




U . S . GOVERNMENT PRINTING OFFICE; 193?