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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , DECEMBER 19, 1940 SUMMARY OF BUSINESS TRENDS INDUSTRIAL production reached an all-time high in November for the second consecutive month, the Federal Reserve Board's index advancing to 132 from 129 in October. Durablegoods production, expanding under the pressure of defense requirements, again made a large contribution to the rise. Data for the first half of December indicate a comparable advance in the seasonally adjusted index for this month. Automobile production, now moving into the fifth month of the model year, shows little tendency to slacken its record pace. As a result of unusually favorable sales, production quotas were revised upward and assemblies increased to 125,600 units in the -^veok-ondhig-December-!^— -This-is tlie~seeoiid highest weekly volume attained this year, and it brought total assemblies for the first two weeks of December to one-quarter million units. It is apparent that the usual tapering of automobile production from the seasonal peak is being held to narrow limits by the general expansion in business as a whole. Other measures of business activity indicate continued advance through the first half of December. Freight carloadings increased contraseasonally to 738,513 cars for the week ended December 7, with coal, miscellaneous freight, and 1. c. 1. shipments leading the movement. The rise in miscellaneous and 1. c. 1. shipments is indicative of the broad general character* of the advance. Ore shipments declined following the expected pattern for this season of the year. Electric power output, which has been advancing steadily in response to larger industrial and domestic demands, established a new high record early in December. The Bureau of Labor Statistics' 28-commodity index declined fractionally during the week ended December 13. Weakening prices for domestic agricultural commodities and for a few industrial raw materials brought the index to 117.3 percent of the August 1939 average compared with 117.5 percent on November 15. This marks the first 4-week period in which prices have leveled off following the 3-month rise which began in mid-August. Metal prices were unchanged during the week. Holiday buying appears to be producing record volumes in the retail field. Department-store sales, reflecting the expansion in employment and incomes, were 5 percent above the corresponding week last year for the week ending December 7. It is noteworthy that this percentage comparison is with a 1939 week which was two days closer to the peak of the holiday season than the comparable week this year. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION FREIGHT CAR LOADINGS ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) 00 ITHOUSANDS QF CARS) (BILLIONS OF KILOWATT HOURS) 2.8 940 80 2.6 -iCc- 60 /939 40 -*^*°</ 20 0 1 , . 1 , r AUTOMOBILE PRODUCTION BITUMINOUS COAL PRODUCTION (THOUSANDS OF VEHICLES) (DAILY AVERAGE - THOUSANOS OF TONS) CRUDE OIL R U N S - T O - S T I L L S MISCELLANEOUS CAR LOADINGS (MILLIONS OT BARRELS-OAILV AVERAGE) (THOUSANDS OF CAR S) COMMERCIAL LOANS (BILLIONS OF DOLLARS) FKA. HOME MORTGAGES (NUMBER SELECTED J^ft^PPKAtSAL ON HOMES J O BE B U I L T ) 3.8 L v INDUSTRIAL COTTON CONSUMPTION PRODUCTION (DAILY AVERAGE - (SEASONALLY ADJUSTED 1935-39 = 100) THOUSANDS OF BALES) 130 | • « I . . 1 I I I 1 1 i I 1 1 1 • 1 t I I 1 > I t 1 I 1 1 I 1937 279406-40 1938 1939 1940 1937 1936 1939 1940 M 2 WEEKLY BUSINESS INDICATORS • [Weekly average, 1923-25=100] 1940 1938 1939 1940 Dec. Dec. Nov. Nov. Nov, Dec. Dec, Dec. Dec. 9 17 10 14 7 30 23 16 10 Business activity: 1 1 New York Timcsfd arroGf Business Week 85.0 84.7 84.5 84.5 85.2 84.9 79.8 85.5 85.5 85.5 85.5 89.1 38.2 37.9 38.2 37.9 42.3 31.6 Construction contractst Distribution: Carloadings Employment. Detroit, factory.._ 93.7 98.4 56.7 80.3 71.8 03.6 65.0 77.5 76.5 77.0 78.2 122.7 122.0 100.9 Finance: Bond yields*.. Stock prices %-. Finance—Continued. Banking: Debits, outside N. Y. C.i_... Federal Reserve reporting member banks: Loans, total Interest rates: Call loanst_-Time loans!. Currency in circulation!.. Production: Automobiles Bituminous coalj_ Cotton consumption^ Klectric powert -Lumber .Petroleum {. Steel ingots® 1. Receipts, primary markets: Cattle and calves Hogs... Cotton... Wheat 113.8 112.: 117.0 109.9 106.6 106.6 93.' 94.4 123.5 122.9 120.5 118.0 117.5 102.1 101.0 HI.2 142.6 142.0 140.8 125. 6 125. 4 104. 2 103.8 Commodity prices, wholesale: Dept. of Labor, 1926=100: Combined index _ _ ^ _. _ _ Farm products. _. Food _.. Allother Fisher's index, 1926=100: 84.9 Combined index 85.5 Copper, elfctrolyticj 38.2 Cotton, middling, spot 79.8 69.8 73.9 84.4 79,7 79.5 79.3 78.7 79.0 69.1 68.4 66.8 73.3 72.6 71.1 71.3 84.5 84.1 84.1 84.4 1939 Dec. Dec. Nov. Nov. 14 7 30 23 16 76.' 77.1 67.4 67.8 72.6 80.0 80.7 58.6 58.8 58.9 64.0 64.1 68.8 68.6 58.2 97.4 96.6 96.4 97.9 100.6 111,8 111.3 107.6 105.3 1938 Dec. Dec. 17 10 94.4 105.3 118.1112.9 121.1 114.6101.6 120.3 73.0 72.7 71.0 68.0 67.7 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 21.2 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 178.0 176.8 174.8 173.7 172.9 156.3 155.5 141.7 41.0 74.4 159.8 158.7 163.8 130.2 153.8 150.6 I4fi. 9 130.9 28.1 6 99.2 107.3 105. 7 90.2 81.7 82.3 96.1 139. 2 139.2 131.3 146. 5 141.9 124.0 118.9 170.3 167. 8 161.8 165. 2 156.4 155. 2 140.0 139. 2 58.2 60.11 53.2 52.2 45.7 56.3 40.3 47.1 179.2 165. 4 186.8 177. 4 191. 189.8 162. 5 160.9 164. 6 166.2 165.7 165.7 164.8 156.7 159. i 97.2 101.1 81.1 76.0 78.7 79.5 66.5 71.8 81.1 61.2 03.9 65.4 117.3 135.0 146.2 146.9 172.3 143. 5 30.1 29. M= 30. -• 6j' 27.3 22.0, 36.3 72.0 68.4 73.8 65.8 64.4 55.1 125. 4 61.9 84.2 33.7 48.2 48.7 • Data do not cover calendar weeks in all cases. §Computed normal = 100. {Daily average. tWeekly average 1928-30=100. 5 Seasonally adjusted. ®Index for week ended Dec. 21 is 166.0. cfFor description of these indexes, see p. 4 o( tho Dec. 16, 1937, issue. WEEKLY BUSINESS STATISTICS' 1938 1939 1940 Dec. 14 Dec. 7 Nov. 30 Nov. 23 Nov. 1G Nov. 9 0.118 .104 2.49 0.118 .104 2.48 38.18 .85 0.118 .103 2.46 38.13 .85 0.118 .104 2.44 38.07 0.118 .103 2.43 38.07 .80 0.118 .101 2.39 38.06 .82 0.123 .115 2.32 37.19 .98 3,538 4,883 3,740 5,247 2, 959 4,547 3,773 5,617 3,305 4,428 3,802 4,632 2,241 2,184 14,152 6,785 2,266 2,195 14,154 6,816 2,276 2,204 14, 292 6,931 2,302 2, 231 14,127 6,800 2,326 2,254 14,052 6,795 22,403 5,384 15,925 9,582 22,131 5,365 15,891 9,584 22,189 5,375 15,774 9,543 21,961 5,382 15,834 9,529 21,818 2,729 9,299 2,723 9,162 2,707 9,12S 4,992 1.00 1.25 4,942 1.00 1.25 "4.035 258 8,043 1937 Dec. 17 Dec. 10 0.123 .108 2.32 37.26 .93 0.110 .0S6 2.38 36.38 .67 0.110 .080 2.39 30.30 .07 0.100 .083 2.65 38.90 .97 3,799 4,707 4,648 3,676 4,149 3,839 4,380 4,436 4,533 2,362 2.327 13,979 6,732 2,543 2,512 11,288 4,849 2,568 2,512 11,617 5,154 2,000 2,504 9,034 3,470 2,591 2,564 8,966 3,442 2,631 2,564 G,8S4 1,057 15. 785 9,476 21,592 5,383 15, 721 9,410 18,981 5,251 14,052 8,863 18,824 5,237 14, 516 8,724 10,221 5,130 13,008 8,080 16,114 5,127 12,990 8,087 14,675 5,192 12,168 8,172 2,700 9,110 2,704 9,080 2,698 9,008 2,415 8,646 1,696 8,496 1,685 8,460 1,114 9,500 4,911 1.00 1.25 4,908 1.00 1.25 4,895 1.00 1.25 4,827 1.00 1.25 2,413 8,871 4,416 1.00 1.25 4,378 1.00 1.25 3,872 1.00 ].25 3,881 1.00 1.25 4,045 1.00 1.25 "4.035 263 8,585 • 4.035 258 8,490 • 4.035 256 8,430 • 4.037 203 8,397 * 4.036 256 8,385 3.933 270 7,58S 3.905 297 7,553 4.670 4.681 6.881 50,270 3.3G 4,189 94.61 81.1 94.7 78.4 26.7 43, 480 3. 37 3,117 93.80 80. 6 94.3 77.4 2G.5 37,540 3. 3S 34.350 3.39 3,040 95.07 81.9 95.6 78.4 27.7 37,970 3.40 5, 438 38. W0 3.43 7S388 • 97.72 84.7 99. 1 80.2 29.0 ^iS. 00 41.070 3.G9 4,168 108.53 91.9 107.9 87.0 29.9 38, 590 3.70 3,850 108.06 92.5 10S.7 80.9 30.2 57.080 3.97 7.350 104.48 93.0 112.0 78.3 29.0 0,849 41,080 3.% 4,016 102.27 91.2 109.6 77.9 27.9 125,025 124,790 1, 037 2.838 3,013 90. 9 ias, rs3 120,948 1,645 2, 720 3,584 96. 0 118,405 1,497 2,005 3. 800 91.2 9,099 115,488 1,530 2,580 3,827 92.8 102,905 1.391 2,333 3,270 57.0 12,894 100,705 2,319 3.245 59.9 93,025 1,523 2.202 3,440 27.4 8. 234 738,513 160,973 39,833 35,405 15.596 155,037 12,374 319,235 728,525 15M33 083.973 137,075 34,990 38,310 14t 971 606.003 132,711 29,132 35.959 13,177 148,091 8,260 238,673 0i8.964 131,595 28,043 34,413 14,540 151,328 10,281 245,758 600,283 150,811 24,923 34,894 14,355 145,546 8,518 215,230 250 406 351 2,346 228 427 210 418 101 3,837 233 357 219 3,874 254 457 321 2,490 Dec. 16 Dec. 9 Dec. 18 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New Yorkf__ dot per lb._ Cotton, middling, spot, New York do. Food index (Bradstreet's) do. Iron and steel, composite dol. per ton.. Wheat, No. 2, Hard Winter (Kansas City).dol. per bu_. 38.28 . 85 FINANCE Banking: Debits, New York City mil. of dol Debits, outside New York City (140 cities) do..._ Fcderal 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 doh. Loans, total§ do Commercial, industrial, and agricultural loans § mil. of dol.. Interest rates, call loanst ---percent.Interest rates, time loanst do.. Exchange rates: Pound sterling $ dollars Failures, commercial number Currency in circulationt.._ mil. of doL_ Security markets: iiond sales (N. Y. 8. J3.)._.tbous. of dol. par value. Bond yields (Moody* s) (120 bonds)t percent.. Stock sales (N. Y, S. E.) thous. of shares.. Stock prices (AT. Y. Times)X--dol. per share.. Stock prices (Standard Statistics) (420) 1926=100.. Tndustrials (350) do Public utilities (40) do. Railroads (30) do. PRODUCTION, CONSTRUCTION, AND DISTRIBUTION .Production: Automobiles^ number.. Bituminous coalt— thous. of short tons.. Electric power mil. of kw.-hr.. Potrolctimf __ __... — thous. of bbL. Steel ingots® -— pet, of capacity ^ Construction contract awards i thous. of <1oL. 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.. 96.0 305 2,391 3, 29f> 93. fiO 80.5 94.0 77.6 20.9 1,690 2, 796 3,335 96. 6 102,340 120.943 1,800 1,827 2, 752 2, 095 3, 577 3, 7fiG Drt. 1 90. fl 15,804 15,044 81.3 94.5 79.6 27.4 38,521 33,689 15,739 149,915 17,084 316,544 733,488 154,157 39,083 33,323 15,819 140,219 40,122 310,765 745,29.r> 160,300 35,814 29,999 17,973 150,273 37,842 313.091 778,318 146,900 38.799 33,815 16,576 156,337 55,604 330,287 681,166 140,520 34,144 35,547 13,416 150,148 11,339 290,052 240 527 380 2,437 249 397 382 2,170 251 415 448 1, 751 225 331 422 2,478 210 424 373 2,887 154,216 11,858 291,947 326 2,679 0,618 39,900 4.15 5.170 89. OS 80.7 93.6 80.7 304 1,402 <g> Rate for week ended Dec. 21 is 96.8. IDaily average. • Data do not cover calendar weeks in all cases. 1 Source: Ward's Automotive Reports. § Data for 1939 and 19*0 not strictly comparable with data for earlier years; see note on corresponding data shown on p. 51 of the 1940 Supplement. *Free rate. MONTHLY BUSINESS STATISTICS 1939 Monthly statistics through December 1939, to- 1940 gether with explanatory notes and references to the sources of the data, may be found in the Novem- Novem- DecemJanuary 1940 Supplement to Jhe Survey ber ber ber COMMODITY PRICES Pages li t 12 Cost of living (N. I. C. B.)>. Combined index! 1923=100. 85.5 Clothing do__. 73.1 77.2 Foodt do... 80.3 Fuel and light do.._ 87.5 Housing,. do... 98. 1 Sundries ___do... Retail prices: 95. 9 Food (U. S. Dept. of Labor)!..,1935-39=100. FairchikTs index: 93.7 Combined index Dec. 31, 1930=100. Apparel: 97.3 Infants' do___ 89.3 Men's do_,_ 92.2 Women's do___ 95.0 Home furnishings do.._ Piece goods do... DOMESTIC TRADE Page 30 Retail trade: Mail-order and store sales: Montgomery Ward & Co._..thous. of dol.. 54,613 _.. Sears, Roebuck &.Co,... ..... do _.. .73, .324. FINANCE Pages 48, 52, 71, 72, 73, 74, 70 Banking: Bank debits, total (141 cities) mil. of dol. New York City do... Outside New York City do_._. Savings deposits: Savings banks in New York State: Amount due depositors.. mil. of doL Security markets: Bonds: Prices: Average price of all listed bonds (X. Y. S. E.) dollars. Domestic do Foreign do— Value, issues listed on N. Y. S. E.: Face 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'a): Domestic corporate percent. By ratings: Aaa <lo.__ Aa do... A do._-. Baa._-I.-'do By groups: Industrials do.... Public utilities do.... Rails do.... Stocks: Prices: Average price of all listed shares (N. Y. S. E.) ..Dec. 31, 1924=100., Shares listed, N. Y. S. E.: Market value, all listed shares mil. of dol., Number of shares listed millions. 1940 February March April May June July August September October 85.1 72.9 77.8 85.6 86.7 96.8 84.6 72.9 76.4 85.6 86.6 90.8 84.6 73.0 76.3 85.8 86.6 90.9 85.1 73.2 77.8 86.0 86.6 96.9 84.8 73.2 70.9 85.8 86.6 96.9 85.0 73.2 77.4 85.4 80.7 97.0 85.2 73.1 78.1 84.1 86.7 97.0 85.5 73.1 79.1 84.2 86.8 97.0 85.4 73.1 78.4 84.5 86.8 97.4 85.1 73.0 77.4 84.8 80.9 97.4 85.6 73.1 78.2 85.3 87.0 '98.1 85.5 73.1 77.4 85.9 87.4 '98.1 96.7 94.9 94.8 96.6 95.6 96.2 97.0 98.3 97.4 96.3 97.2 90.2 91.9 92.0 92.3 92.6 92.8 92.8 92.8 92.9 92.9 92.9 93.2 93.5 96.4 88.7 90.9 93.5 85.0 96.4 88.7 91.0 93.5 85.3 96.6 88.8 91.4 93.7 85.5 96.6 88.8 91.8 94.1 85.9 91.9 94.4 86.0 96.9 88.9 91.7 94.3 86.0 96.9 88.9 91.8 94.6 86.0 97.0 89.1 92.0 94.5 86.0 96.9 89.1 92.1 94.6 80.0 97.0 89.1 92.2 94.6 80.0 97.3 89.1 91.8 95.0 80.7 97.3 89.3 92.1 95.3 80.7 47,764 6Q.33Q. 66,020 82427 29,984 AQM 30, 530 40,836 38,842 50,899 45, 856 50,372 45,905 65.978 43,104 63,313 37,213 51,352. 42, 692 56,937 45, 972 fi5 fiSO 7fi09Q 35, 771 14.952 20,819 31, G76 13,041 18,636 40t 019 17,633 22,386 34,717 14,739 19,978 29, 482 12,138 17, 344 34,738 15,201 19,537 34, 769 15, 519 19, 250 34,195 14,536 19, 659 31,960 13,110 18,850 31, 845 13,612 19,233 29,918 11,604 18,314 30.861 12. 594 18,267 36,317 14,952 21,365 5,639 5,547 5, 599 5,616 5,632 5,676 5,660 5,044 5,670 5,631 5,629 5,657 5,035 93.58 97.78 45.60 91.24 95.05 51.23 92.33 96.02 52.23 92.02 95.70 52.00 91.97 95.68 51.58 92. S6 96.55 52.77 92. 48 96.51 48.86 87.87 92.47 38.38 90.14 94.93 39.09 90. 90 95.62 40.64 91.33 95.72 43.28 92.08 96.56 43.07 92.84 97.03 44.86 51237 49,877 4,360 50,7.50 48,768 1,98S 52,435 47,869 4,566 47,839 45, 500 2,339 54,067 49,512 4,554 49,920 47,541 2,379 53,988 49,440 4,548 49,679 47,314 2,365 53,937 49,400 4,537 49,605 47,265 2,340 53,853 49,313 4,540 50,000 47,611 2,396 53,640 49,108 4,538 49,612 47,395 2,217 53,431 48,879 4,535 46,937 45,197 1,740 52,879 48,347 4,532 47,660 45,894 1,771 53,431 48,903 4,528 48,002 46,762 1,840 53,914 49,399 4,515 49,239 47,285 1,954 53,913 49,400 4,514 49, 043 47,099 1,944 54,329 49,960 4,363 50,438 48,481 3.40 3.70 3.69 3.63 3.00 3.58 3.54 3.65 3.72 3.57 3.55 3.50 3. 46 2.75 2.96 3.40 4.48 3.00 3.16 3. 78 4.85 2.94 3.14 3.74 4.92 3.08 3.69 4.86 2.80 3.05 3.08 4.83 2.84 3.04 3.05 4.80 2.82 2. 99 3.59 4.74 2.93 3.08 3.65 4.94 2.96 3.10 3.70 5.11 2.88 3.01 3.57 4.80 2.85 3.03 3.55 4.70 2.82 3.01 3.52 4.66 2.79 3.01 3.48 4. 56 2.98 3.14 4.07 3.25 3.41 4.44 3.21 3.38 4.47 3.H 3.35 4.39 3.12 3.33 4.37 3.09 3.29 4.37 3. 05 3.24 4.33 3.20 3.30 4.40 3.25 3.33 4.57 3.15 3.23 4.32 3.12 3.23 4.30 3.10 3.19 4.23 3.00 3.18 4.15 57.0 03.2 03.0 63.6 04.3 64.3 50.2 53.1 55.0 56.7 58.4 41,848 1,457 45,505 1,432 46,468 1,435 45,637 1,441 46,058 1,441 46,695 1,444 46,769 1,440 36, 547 1,447 f>3 191 73 78 87 62 116 72 78 73 62 114 68 73 75 01 107 07 69 75 60 105 67 70 79 59 102 8,875 74,937 9,501 78,706 25,403 87,555 81,005 114,362 123,628 138,049 854 44,199 45,592 1,100 72,560 921,510 652,733 268,777 4,257 115,442 3,341 70,454 34,835 1,031 62,020 S78,OOS 611,950 260,052 3,580 86,220 5,980 123,793 33,7511 1,010 53,193 876,512 592,575 283,937 3,403 76,904 7,513 150,366 45,473 1,034 45,972 905,296 598,522 306,774 3,254 82,336 7.784 154,947 62,002 974 42, (KM 851,896 5-18,688 303,208 3,342 82,415 38,776 1,450 39,992 1,454 1,957 41,492 1,453 42,074 80 77 79 61 100 80 77 81 02 117 134,266 148,173 128,087 149,309 105,106 143,633 7,241 145,653 76,479 796 35,663 689,854 417,564 272,290 3,192 82,178 6,040 130,787 80,321 662 30,303 504,904 329.214 235,690 3,411 90,842 r 4,144 -111,815 >" 94,000 '632 MS. 245 ""526T$7S •"303,712 '223,166 »- 3,817 -"114,257 40,706 1,454 TRANSPORTATION AND COMMUNICATION Pages 82, 83 Class I steam railways: Freight-car loadings (Federal Reserve): Combined index, unadjusted, 1923-25= 100. Combined index, adjusted do... Grains and grain products do... Merchandise, 1. c. 1 do... Ore do... 84 83 78 62 192 FOODSTUFFS Pages, 101, 102, 109, 110, 111, 112.114 Stocks, cold storage, end of month: 18,360 55,402 Butter, creamery thous. of lb_ p 07,703 89,783 29,189 Cheese, total • do... f!36,565 112,217 108,241 94,295 82,004 Egjrs: 81 532 1,580 Shell. thous. of cases. » 1,968 57 38.070 72, 279 Frozen thous. oflb. "91,066 56,249 87,802 62.622 78,563 Fish, total (15th of month). .do... v 97,627 84,571 02,431 1,093 SOS Total moats rail. oflb. ^783 977 562 74,708 76,974 78,573 67,672 Beef and veal thous. of lb._ ' 7 1 , 7 0 3 Pork, total do *642,131 421,227 031,564 790,776 907,293 Fresh and cured... . do P 105,826 332,272 469,459 588,601 650,653 Lard l..do *>236,305 88,955 162,105 202,175 256,640 4,488 4,412 Lamb and mutton.. .__ do 4,803 4,187 P4,559 Poultry ... do *159,O56 127,049 107,643 166,962 144,759 Revised. » Preliminary, >d series. t Revised series, For revised indexes of retail food prices beginning 1913, see table 51, p. 118 of revised begiiinning 1035; data not shown above will bo published in the January 1941 Survey. 75 75 74 60 100 the N o v e m b e r 1940 S u r v e y . I n d e x of cost ofliving a n d food c o m p o n e n t MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1939, to- 1940 1939 gether with explanatory notes and references to the sources of the data, may be found in the Novem- Novem- DecemJanuary. Febru1940 Supplement to the Survey ary ber ber ber 1940 March April May June July August September October FOODSTUFFS—Continued Livestock: Cattle and calves: Receipts, principal markets thous. of animals. Disposition: Local slaughter do... Shipments, total -__ do... Hogs: Keceipts, principal markets do... Disposition: Local slaughter dp... Shipments, total .'do... Sheep and lambs: Receipts, principal markets do... Disposition: k Local slaughter .do... Shipments, total do... FUELS AND BYPRODUCTS Pages 318,119, 120, 121 Petroleum and products: 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, totalf do... Refineries :._.. do_._ Tank farms and pipe linesf-do.__ Kenned 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 bbl. Gas, oil, and distillate fuels, totaL.do... Motor fuel: Demand, domesticf _-_do... Production, totalf do... Benzolf--do... Straight-run gasoline! do... Cracked gasoline do— Natural gasoline! -'do— Natural gasoline, blended!. do.... Stocks, gasoline, end of month:. Finished gasoline, total do... At refineries . do... Natural gasoline do... Kerosene: Consumption, domestic do— Production . do,.. Stocks, refinery, end of month. do... Lubricants: Consumption, domestic -do— Production do.... Stocks, refinery, end of month do,... 1,868 1,912 1,404 1,565 1,247 1,359 1,554 1,576 1,402 1,737 1,785 2,175 2,427 977 892 903 973 833 572 997 548 810 433 825 510 974 568 936 631 858 594 991 723 939 833 1,033 1,083 1,110 1,324 3,595 2,847 3,331 3,772 2,922 2,710 2,595 2,674 2,650 2,259 2,177 2,302 3,113 2,G82 905 2,177 665 2,482 849 2,753 1,007 2,074 841 1,964 749 1,868 713 2,005 606 1,927 718 1,598 649 1,497 G77 1,692 601 2,371 730 1,776 1,907 1,514 1,72.8 1,424 1,440 1,876 2,002 1,687 1,894 2,068 2,523 2,737 908 883 944 984 848 071 1,071 653 863 559 824 620 1,046 828 1,077 917 915 779 , 972 921 876 1,188 954 1,530 1,085 1,669 108,237 107,902 111, 690 113,244 84 108,756 107,756 109,301 110,523 109,337 113,418 82 81 81,112 80,223 79,380 79,047 78,440 78,866 78,359 78,443 77,550 35,129 35,478 35,567 36,110 35,943 36,000 35,782 35,368 36,182 191,656 196,100 196,407 200,704 207,407 214,321 218,492 218,998 219,796 39,427 40,033 39,162 40,212 40,871 42,119 45,183 47,525 47,959 152,229 156,067 157,245 160,492 166,536 172,202 173,309 171,473 171,837 76,373 75,392 74,124 36,493 35,460 35,422 220,234 220,197 220,896 47,950 44,778 44,774 172,284 175,419 176,122 104,916 105,835 106,530 101,766 110,079 106,979 111,817 111,885 115,120 113,140 108,668 120,075 116,045 118,2S3 82 83 81 81 81 81 (•) (•) () PAPER AND PRINTING Pages 145,146 aper: Pape Ne Newsprint; Canada: Production short tons.. 282,344 286,739 Shipments from mills do 175,931 Stocks, at mills, end of month do United States: Production . . . . d o — 85,338 87,331 Shipments from mills .-..do Stocks, at mills, end of month d o — Ifi, 655 26.088 13,757 26,944 14,433 28,0S2 10,548 24,680 16, 2B2 26,870 16, 346 25,372 15,260 26,548 14,541 25,469 14,154 25,248 14,439 26,451 14,957 25,504 14,735 27,944 14,381 24,018 30,179 20,881 26,374 18,76-1 21,057 19,130 19,615 19,160 18,541 IS, 475 20,310 19,116 23,112 20,339 26,412 21,909 30,134 24,042 33r 964 25,015 37,166 26,539 37,709 47,407 52,893 274 22,480 25,621 4,518 4.408 43,807 52,464 2S1 22,017 25,589 4f577 4,16S 40,370 50,243 272 21, 709 23,991 4, 271 3,285 37,557 47,596 231 20,409 22, 777 4,179 3,067 44,607 51,230 237 21,774 24,730 4,489 2,986 47,683 50,625 22S 23,082 22,901 4,414 2,783 52,946 52,183 247 22, 526 24,823 4,587 3,075 55,459 51,325 263 22,422 24,239 4,401 2,600 53,865 61,879 279 22,120 24,496 4,684 2,744 55,346 52,058 271 22,120 25,587 4,6S0 3,081 52,297 52, 313 263 22,254 25,090 4,706 3,744 53,807 52,907 200 21,002 25,968 5,047 4,156 71, G19 46,898 4,579 77,301 51,920 4,421 84,863 60,420 4,476 92,721 OS, 227 4,757 96,467 70.274 5,393 96, 615 69,407 6,112 93,474 65.S71 6,514 86,276 59,708 7,000 82,025 54,414 7,584 77,134 50,056 7,702 75,915 49,040 7,038 73,338 47,162 6,509 6,023 5,642 9,019 6,613 5,822 7,576 7,642 5,375 4,918 6,263 5,945 4,302 6,273 6,570 4,114 5,621 6,257 4,351 5,297 6,641 5,309 3,952 5,785 6,810 4,257 5,797 8,191 4,114 5,629 9,476 5,173 6,062 10,254 5,008 6,496 11,000 1,927 3,277 1,825 3,478 7,142 2,054 3,308 7,328 1,522 3,108 7,825 1,883 3,335 8,084 2,138 3,280 8,065 2,063 3,341 8,170 2,146 3,212 8,161 1,871 3,024 8,573 2,024 2,635 8,457 2,150 2.682 8,596 2,443 2,954 8,464 231,823 251,279 268,947 323,563 315,343 332,689 316,607 282,322 309,957 211,322 235,304 267,134 334,441 338,440 337,508 332,234 284,133 287,943 190,762 212,737 214,550 203,672 180,569 175,750 160,123 158,312 180,326 82,579 86,633 77,888 88,192 84,126 81,455 85,143 86,277 90,207 84,762 86,229 81,714 77,470 88,774 SO, 959 79,972 86,930 85,412 88,912 85,194 13,893 18,812 19,230 18,648 16,119 17,602 15,815 16,680 17,975 17,543 288,726 240,656 251,032 287,869 204,620 244,273 193,4G6 169,502 176,261 78,886 81,410 13,399 77,836 78,283 12,952 718,719 584 11 650,123 807 10 217,406 200,071 207,637 181,088 174,572 193,622 196,747 198,064 181,421 180,133 162,881 188,839 166,008 164,925 120,809 TEXTILE PRODUCTS Page 153 Cotton: Consumption. __ . bales.. 744,OSS 145 Exports (excluding linters)...thous. of bales.. 12 Imports (excluding linters). do— 731,793 661,771 627,194 623,098 641,636 565,416 134 220 345 434 747 1.035 12 11 14 10 37 9 622,723 654,503 639,252 770,720 104 91 65 137 Ifi 4 10 18 TRANSPORTATION EQUIPMENT Page 159 Automobiles: Sales (General M o t o r s Corporation): World sales: B y T7. 8. a n d C a n a d i a n p l a n t s . . n u m b e r . United States sales: T o dealers —-tlo.._ T o consumers.. : do... a 160,458 123,874 181,066 174,625 183,900 183,481 185,548 167,310 110,659 171,024 165,820 99,664 145,064 151,t>61 173,212 24,019 124,692 226,169 21,154 116.031 207,935 100,782 97,527 186,010 Data for October are the latest available. tRevised series. For revised data of foundry equipment see footnote marked with a " t " on p. 50 of the November 1940 SURVEY. Data on petroleum and products indicated by a " t " have been revised for 1939; revisions not shown on p. 46 of the December 1910 SURVEY will be shown in a subsequent issue.