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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , FEBRUARY 13, SUMMARY OF BUSINESS TRENDS "DETAIL trade data for January show no slackening in the growing pressure now being exerted upon our productive facilities by expanded consumer purchasing power. Changes from high December sales totals reflected only the normal postholiday declines, the Federal Reserve Board's seasonally adjusted index of department store sales (1923-25 = 100) remaining at 101 for the second consecutive month. Variety store sales, seasonally adjusted, also held close to previously established high volumes during January, while sales of the two major mail-order companies (including store sales) increased their gain over the corresponding month last year to 18 percent compared with 12 percent in December. Although the largest, rpf-pil FRIPS ^ f ^ " ^ ? -^yei-e^TegisterecTTn the Houthern^and South-Central States, other sizable gains were scattered throughout all sections of the country—an indication that the expansionary effects of the defense program are being more widely distributed as the program develops. In the automotive field January retail sales, which ordinarily undergo a heavy seasonal drop, actually exceeded those of December and established a new January sales record for the industry. Estimated at 380,000 cars and trucks, this total is 33 percent above January of last year and 28 percent above the previous January record set by the industry in 1937. In view of this contraseasonal market strength, production schedules have again been revised upward. Assemblies totaled 127,625 units for the week ending February 8 and Ward's Reports expect no significant slackening in the near future. Industrial activity generally is being maintained at the record volumes established in January in sharp contrast to the situation a year ago when widespread weaknesses had developed. The latest data show new increases in the production of bituminous coal and in petroleum refining, with practically no change in -cuiputB-of4umber,-crude-petroleum, anthracite coal* and electric power. Operations in the steel industry, slightly off last week because of furnace repairs, are scheduled at 97.1 percent of capacity for the current week. Sensitive commodity prices became firmer during the first week in February, the Bureau of Labor Statistics' 28-commodity index (August 1939 = 100) advancing to 120.3 by the seventh of the month. The index for import commodities moved up one point during the week to register the largest rise among the components of the general index. SELECTED BUSINESS INDICATORS FREIGHT CAR LOADINGS ELECTRIC POWER PRODUCTION STEEL INGOT PRODUCTION (THOUSANDS OF CARS) (BILLIONS OF KILOWATT HOURS) (PERCENT OF CAPACITY) 120 100 ~*?l94t 80 60 40 20 ^1939 , AUTOMOBILE , COMMERCIAL LOANS BITUMINOUS COAL PRODUCTION PRODUCTION (DAILY A V E R A G E - T H O U S A N D S < THOUSANDS OF VEHICLES) I BILLIONS OF DOLLARS) OF TONS) 5.5 5.0 ^1941 A F 1940 40 —• >. - ^^1939 3.5 1 3,0 CRUDE OIL RUNS-TO-STILLS (MILLIONS OF BARRELS-DAILY AVERAGE) 1941 , f (NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUILT) I t . \ 1000 1 PRICE INDEX OF 2 8 BASIC COMMODITIES (AUG. 1939-100) DEPARTMENT STORE SALES 160 MOHTHIY DATA 100 90 80 70 .'. . 1 • i 1 • r LJL_!_ - j , L J . , I 1938 29091&-41 1- 1939 < ' ' ' ' 1 ' ' 1940 ! ' ' I rf r HO . R H.A. HOME MORTGAGES MISCELLANEOUS CAR LOADINGS (THOUSANDS OF CARS)) . .1 . , 1 1941 80 1938 1939 1940 [Weekly average, 1923-25=100] Business activity:! New York Times§. Barren's Business Week Commodity prices, wholesale: Dept. of Labor, 1926*= 100: Combined index Farm products Food Another Fisher's index, 1926~ 100: Combined index Copper, electrolytic! Cotton, middling, spot Construction contracts? Distribution: Carloadings Employment, Detroit, factory... Finance: Bond yields?... Stock prices?.. 122.5 122.1 123.7123.5 103.6 106.9 93.9 94.3 128.1 127.6 128.6 128.0 110.8 112.8 96.7 97.2 144.0 143.9 144.6 142.3 113.6 118.4 101.3 101.9 80.2 80.6 71.7 72.6 71.4 71.0 73.7 74.1 73.7 73.0 84.5 84.4 84.5 84.4 78.5 68.9 70.9 83.5 78.8 69.6 71.7 83.6 76.6 66.7 71.1 80.4 76.6 67.1 71.0 80.4 85.4 85. 86.1 86.1 85.8 84.6 84.7 79.5 79.8 85.5 85.5 86.2 85.5 85.5 81.2 82.6 79.7 79.7 40.1 40.1 40.1 39.0 39.0 41.5 40.8 33.1 33.1 42.5 70.6 74.4 75.0 74.6 73.5 74.7 65.8 69.1 60.5 60.2 122.1 104.9 123.0 58.6 58.2 58.2 58.2 58.4 62.6 62.7 66.2 66.9 92.0 93.8 95.5 97.1 98.3 110.4 109.7 104.8 103.9 1939 1940 1941 1939 1940 1941 Feb. Feb. Jan. Jan. Jan. Feb. Feb. Feb. Feb. 8 11 18 25 Feb. Feb. Jan. Jan. Jan. Feb. Feb. Feb. Feb. 11 11 10 25 18 Finance—Continued. Banking: Debits, outside N. Y. C.?.___ Federal Eeserve reporting member banks: Loans, total __ Interest rates: Call loans? Time loans? Currency in circulation? Production: Automobiles... _.. Bituminous coal? Cotton consumption^.Electric powerf Lumber Petroleum? Steel ingots© _. Receipts, primary markets: Cattle and calves .. Hogs Cotton _ __. Wheat _. 111.9 103.0 113.8 108.7 122.3 93.5 93.7 82.3 87.8 74.7 74.5 74.3 74.3 74.4 68.1 68.0 65.4 65.9 24.2 24.2 24.2 24.2. 24.2 24.2 24.2 24.2 24.2 28.6 28.6 28.6 28.6 2S.6 28.6 28.6 28.6 28.6 177.8176.5 175.9 176.1177.4 152.6 152.2 137.6 137.5 162.4 158.2 155.1 157.7 147.5 122.1 128.8 107.5 99.7 98.8 94.5 98.8 96.4 86.0 80.4 153.4 125.4 123.1 106.5 109.3 149.7 152.0 153.4 L70.2 151.4 152.5 136.1 137.3 169.9 169.9 170.7 170.2 56.2 56.1 i0.7 57.9 42.4 46.2 36.8 42.7 178.0 178.5 179.1 166.8 182.9 173.5 162.9 170.7 170.5 170.8 169.8 168.7 167.3 123.6 132.6 91.7 90.7 56.7 61.6 70.0 58.4 50.8 54.1 49.1 50.3 51.6 60.8 52.7 57.6 32.6 36.0 83.8 77.3 78.1 53.1 88.5 95.0 86.9 44.6 43.5 28.6 29.7 31.1 33.1 25.9 24.2 27.9 30.4 38.9 • Data do not cover calendar weeks in all cases. ^Seasonally adjusted. ?Daily average. tWeekly average, 1928-30=100. gComputed normal=100. Index revised beginning Jan. 8,1938; revised data not given in the issue for Jan. 23,1941, and subsequent issues will be shown later. ©Index for week ended Feb. 15 is 170.8. Beginning Jan. 11,1941, index is based on production of steel ingots and castings. WEEKLY BUSINESS STATISTICS 1940 1941 Feb. 8 COMMODITY PRICES, WHOLESALE 0.118 Copper, electrolytic, New York?... dol. perlb. .109 Cotton, middling, spot, New York— _ do... 2.54 Food index (Bradstreet's) ..do.._. 38.20 Iron and steel, composite dol. per ton.79 Wheat, No. 2, Hard Winter (Kansas City).dol. per bu. BankingFINANCE 3,850 Debits, New York City mil. of dol. 5,190 Debits, outside New York City (140 cities) do... Federal Reserve banks: 2,217 Reserve bank credit, total do... 2,184 U. S. Government securities -.d 13,842 Member bank reserve balances do™ 6,306 Excess reserves, estimated do—.. Federal Reserve reporting member banks: 22,798 Deposits, demand, adjusted do_._ 5,452 Deposits, time do 16,847 Investments, totalj-do. 10,347 U. S. Government direct obligations do Obligations fully guaranteed by U. S. Govern2,746 ment .mil. of dol.. 9,337 Loans, total§._ do Commercial, industrial, and agricultural loans§ 5,124 mil. of dol.. 1.00 Interest rates, call loans? __ percent 1.25 Interest rates, time loans? do... •4,031 Exchange rates: Pound sterling? dollars.. Failures, commercial.. __ ..number. 284 Currency in circulation?.. __ mil. of dol. 8,636 Security markets: 33,270 Bond sales (2V. Y. S. E.) thous. of dol. par value3.38 Bond yields (Moody's) (120bonds)? .percent. 2,276 Stock sales (N, Y. S. #.)_. thous. of shares.. 89.33 Stock prices (2V. Y. Times)X dol. per share.. 77.6 Stock prices (Standard Statistics) (420) 1926=100.. 90.0 Industrials (350)—. do 75.9 Public utilities (40) do.... 27.2 Railroads (30) do.... PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles^ __ ...number.. 127,675 Bituminous coal?. thous. of short tons.. Electric power _ ...mil. of kw.-hr._ Petroleum?... _ .^thous. of bbl.. Steel lngots0_ -~pct. 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.. 218 Wheat, at primary markets thous. of bu.. 2,274 Feb. 1 Jan. 25 Jan. 18 Jan. 11 Feb. 10 0.112 .113 2.34 37.01 1939 Feb. 3 1938 Feb. 11 Feb. 4 Feb* 12 0.114 .111 2.36 37.03 .95 0.110 2.30 36.36 0.110 .090 2.31 36.35 .70 0.098 .088 2.43 38.94 1.03 0.098 .086 2.46 38.94 L01 0.118 .109 2.538.22 .81 0.119 .109 2.5: 38.24 .84 0.118 .106 2.51 38.33 .84 0.118 .106 2,50 3,211 4,778 2,228 2,184 14,34" 6,799 3,259 5,282 3,276 5,040 4,118 5,668 3,185 4,335 3,187 4,343 3,385 3,813 3,362 4,074 2,491 3,374 3,381 4,132 2,256 2,184 14,410 6,864 2,254 2,184 14,414 6,896 2,237 2,184 14,284 2,518 2,477 12,097 5,523 2,503 2,477 12,150 5,559 2,584 2,564 9,018 3,459 2,582 2,564 9,047 3,478 2,594 2,564 7,205 1,412 2,594 2,564 7,249 1,385 22,932 5,425 16,368 9,950 22,898 5,427 16,397 9,977 22,703 5,468 16,389 9,965 22,494 5,419 16,311 9,873 19,108 5,256 14,692 8,910 19,199 5,257 14, 675 8,877 16,077 5,185 13,280 8,171 16,048 5,183 13,209 8,173 14,511 5,223 12,301 8,202 14,464 5,225 12,253 8,165 2,744 9,308 5,076 1.00 1.25 • 4.033 300 8,572 2,743 9,287 2,750 9,280 2,756 9,303 2,411 8,507 2,414 8,499 1,807 8,179 1,789 8,233 1,146 8,925 1,141 8,981 5,055 5,040 5,033 1.25 *4.035 262 8,615 4,314 LOO 1.25 3.981 251 7,412 4,295 1.00 1.25 3.984 285 7,392 3,745 l.OO 1.25 318 6,681 3,767 1.00 1.25 4.678 318 6,676 4,402 1.00 1.25 5.013 4,394 1.00 1.25 5.011 8,543 1.25 •4.035 2S3 8,552 6,314 6,329 43,160 3.36 2,975 91.05 78.5 91.1 77.0 27.3 47,520 3.36 2, $73 92.78 79.9 92.8 77.8 28.0 49,120 3.36 2,774 04.30 81.5 95.0 78.7 27.9 77,010 3.37 3,863 -0.1.45 82.1 96.0 78.5 27.5 33,510 3.61 3,735 107.24 91.3 107.1 87.4 28.7 29,040 3.62 2,914 106.55 90.4 105.8 87.3 28.3 30,530 3.82 3,536 101.73 91.1 107.4 S5.2 28.5 32,650 3.86 4,224 100.88 89.0 105.3 81.8 27.7 29,590 4.27 3,052 87.75 79.6 94.6 70.6 27.6 35,950 4.30 4,374 85.99 78.9 93.0 71.5 27.5 124,400 1,683 2,830 3,590 *97 121,948 1,650 2,830 3,599 ^96-5 11,339 124,025 1,609 2,844 3,612 115,935 1,683 2,835 3,364 *95 95,985 1,642 2,523 3,688 71.7 101,240 1,701 2,541 3,499 77.3 6,825 84,500 1,464 2,268 3.284 53.4 78,410 1,370 2,287 3,442 52.8 54,310 1,164 2,052 3,325 30.7 5,506 47,743 1,308 2,082 3,316 30.5 714,323 165,976 39,511 30,507 10,411 151,283 12,448 304,187 710,752 168.147 39,008 30,772 10,940 149,862 12,431 299,592 700,440 160,264 37.582 31,287 12,543 147,065 12,504 299,195 711,675 166,063 37,724 34,421 13,044 146,716 12,612 301,095 626,903 156,638 29,263 29,174 10,540 147,442 9,812 244,034 657,830 171,950 31,374 32,080 10,914 146,788 10,087 254,637 576,352 138,820 23,539 28,809 9,700 148,406 8,429 218,649 573,127 137,140 25,525 29,541 11,371 146,142 9,062 214,346 542,991 113,380 26,853 32,256 11,015 146,897 7,136 205,454 564,740 135,853 26,257 32,282 11,450 148,002 6,447 204,449 179 319 201 2,361 195 326 203 2,471 221 335 138 2,632 220 395 230 2,062 161 342 247 1,929 171 374 226 2,219 166 211 116 2,416 185 234 113 3,093 190 272 196 1,874 198 315 152 1.8S8 1.00 1.25 •4.034 307 1.00 38.47 .86 1.00 11,951 ©Rate for week ended Feb. 15 is 97.1 ?Daily average. •Data do not cover calendar weeks in all cases. ^Source: Ward's Automotive Reports. t §Data for 1938 not strictly comparable with data for later years: see note on corresponding data shown on p. 51 of the 1940 Supplement. »Free rate. •Based on estimated capacity, Dec. 31, 1940, including open*hearth, bessemer, and electric furnace ingots, and steel for castings produced by any process. Feb. 5 MONTHLY BUSINESS STATISTICS Monthly statistics through December 1939, to- 1941 gether with explanatory notes and references to the sources of the data, may be found in the January January Febru1940 Supplement to the Survey ary COMMODITY PRICES Pages 11,12 Cost of living (AT. J. C. B.); Combined indext 1923=100 Clothing do Foodt do Fuel and light do Housing <in - Sundries do Retail prices: Food (U. S. Dept. of Labor)f_._ 1935-39= 100.. DOMESTIC TBADE Pages 26, 27, 28, 29, 30 Postal business: Receipts, postal: 50 selected cities. thous. of dol— 50 industrial cities do Retail trade: ; Chain-store sales and stores operated: Variety chains: H. L. Green Co., Inc.:t Sales thous. of doL. Stores operated number.. S. S. Kresge Co.: Sales --— thous-of doL. Stores operated— number _. S. H. Kress & Co.: Sales. thous. of doL. Stores operated number.. McCrory Stores Corp.: Sales. thous. of dol.. Stores operated number.. G. C. Murphy Co.: Sales ~- thous. of dol Stores operated ..number.. F. W. Woolworth Co.: Sales thous. of dol._ Stores operated number.. Other chains: W. T. Grant Co.: Sales „_ thous. of doL. Stores operated number.. J. C. Penney Co.; Sales thous. of dol._ Stores operated number.. Department stores: Sales, total V. S., unadjusted-1923-25=100.. Atlantat— 1935-39=100Boston 1923-25=100Chicafjo * - do Cleveland .- ---.- - * do • Dallas do Kansas City 1925=100 . Minneapolis— 1929-31=100.. New York 1923-25=100Philadelphia _ do .». Richmond . do .... St. Louis - . - .do . . San Francisco * do . . Sales, total U. S., adjusted! do.... Atlantat 1935-39=100-. Chicago 1923-25=100.. Dallas • -— Minneapolis -~ New York Philadelphia St Louis San Francisco Mail-order and store sales: ATnnttTnmpTTr Warr! Ar On Sears, Roebuck & Co - - - do . 1929-31—100 1923-25=100... do do do thotl*? ftfrtnl do » .. 1940 March April May June July DecemAugust SeptemOctober November ber ber 86.0 73.0 78.7 86.4 87.6 98.1 84.6 73.0 76.3 85.8 86.6 96.9 85.1 73.2 77.8 86.0 86.6 96.9 84.8 73.2 76.9 85.8 86.6 96.9 85.0 73.2 77.4 85.4 86.7 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 '85.7 73.1 78.4 84.5 86.8 '98.2 '85.4 73.0 77.4 84.8 86.9 '98.1 '85.7 73.1 78.2 85.3 87.0 98.1 85.5 73.1 77.4 85.9 87.4 98.1 85.5 73.1 77.2 86.3 87.5 98.1 '85.9 73.0 '78.3 86.5 87.5 98.1 97.8 94.8 96.6 95.6 96.2 97.0 98.3 97.4 96.3 97.2 96.2 95.9 '97.3 32,316 '30,385 .3,791 4,001 29,737 E,665 32,657 3,993 31,615 3,923 32,265 3,786 28,668 3,451 27,626 3,565 28,974 3,568 30,325 3,572 35,233 4,194 33,201 3,686 45,390 5,539 2,890 150 2,785 151 2,774 151 3,846 151 3,279 151 3,751 151 3,784 151 3,334 151 3,657 151 3,636 149 3,992 150 4,395 150 7,972 150 9^409 678 5,921 242 9,042 - --^,-543 —12/206- —1O/49S- —HJ-8I5" ~ 117643" ~"107458 677 676 675 675 675 675 675 6,514 6,310 6,838 6,401 6,897 5,603 5,300 239 239 239 239 239 239 240 11,757 678 6,691 239 10,870 681 6,839 239 12,626 682 7,514 241 13,290 684 7^659 242 24,683 684 15,732 242 2,926 204 2,767 201 2,998 201 3,888 202 3,246 203 3,507 203 3,611 203 3,334 203 3,626 202 3,377 202 3,768 202 4,057 202 8,028 204 3,479 204 3,083 '202 3,134 202 4,069 202 3,585 203 4,300 203 4,398 202 3,966 202 4,370 202 3,923 202 20,512 . 22,117 2,015 2,017 27,545 2,016 23,774 2,014 26,067 2,015 26,020 2,015 24,507 2,013 26,S28 2,014 25,197 2,021 4,612 202 28,634 2,024 4,884 202 29,688 2,023 9,042 204 54,571 2,025 20,030 494 22,008 2,021 6,655 494 5,931 492 6,109 492 8,101 492 7,620 492 8,787 492 8,911 492 7,698 492 8,750 493 8,276 493 10,172 494 10,569 494 20,284 1,586 18,292 1,554 16,032 1,557 21,469 1,560 21f 181 1,562 71 100 53 74 86 123 69 92 86 104 71 91 24,737 1,568 87 98 75 92 20,882 1,568 64 81 51 65 24,492 1,575 71 83 69 75 23,599 1,562 89 114 74 93 107 62 86 24,791 1,578 105 132 SO 104 29,584 1,582 101 125 91 101 33,765 1,686 114 141 92 113 70 86 67 73 91 70 86 110 87 90 99 85 67 76 66 84 94 86 106 108 97 111 95 52 84 69 80 53 83 73 83 69 110 91 95 65 105 90 90 74 120 88 95 73 112 82 88 91 115 67 50 83 66 83 101 76 107 127 91 100 83 93 90 76 93 82 94 105 86 92 118 60 104 78 98 79 12S 106 103 87 149 101 103 94 91 112 90 92 88 103 101 92 87 105 100 94 95 102 97 107 101 122 115 100 102 115 95 92 94 99 97 88 74 92 75 92 92 108 103 92 88 99 89 95 101 104 104 99 100 89 p 77 v 97 T> 76 P78 "57 "98 p 90 "101 P129 81 74 92 108 70 69 90 115 92 *>102 94 93 p 227 *>10S •113 102 93 107 97 MOO p 110 87 98 85 99 33 49SL 49,971 94 72 86 70 , ,_3n,,S3fl 40,548 40,836 89 120 89 71 92 102 89 111 90 69 100 85 89 115 97 89 73 94 73 9S 123 101 80 97 122 104 79 117 108 94 112 95 75 99 97 38,842 ..45,856 —45,905 -43 r 104 "37,313 -42,602 ^45,972- —£6>937 50,899 56,372 65,978 63,313 51,352 58,820 65,650 76,920 45,716 1.5S6 179 '223 '145 '173 116 '178 131 '201 99 '158 '158 108 '184 120 99 '148 148 '239 112 '167 116 '188 100 101 '129 129 103 '103 108 '104 117 '116 104 '104 101 '102 82 '81 96 '101 110 '109 64,613 - 70,850 73,324 95,873 FINANCE Pages 48,52,68,69,70 Banking: 34,717 29,482 34,738 34,769 34,195 31,960 31,845 29,918 30,861 36,317 35,771 42,953 Bank debits, total (141 cities) mil. of doL. v37,645 13,110 13,612 11,604 12,594 14,952 14,952 18,626 12,138 15,201 15,519 14,739 New York City .. do 14,536 * 15,147 v 22,498 18,850 19,233 18,314 18,267 21,365 20,819 24,327 19,537 19,250 19,659 19,978 17,344 Outside New York City do Capital flotations: I Securities issued by type of security, total '440,266 605,791 thous. of dol.. 417,197 -287,877 '451,787 '242,239 '344,874 '251,390 '227,182 '691,472 ' 282,476 ' 229,314 '710,551 95,321 '95,015 ' 104,167 '71,388 '117,587 '122,020 '82,728 '397,300 '129,776 '113,550 '257,391 '263,436 189,899 New capital total — - . . do 321,876 ' 192,862 '347,620 '170,860 227,287 '129,370 '144,455 '294,173 '152,700 '115,764 '453,160 '176,830 415,895 Refunding, total do Securities issued by type of corporate borrower, total thous. of doL. 320,678 '173,465 '257,346 134,327 246,279 '173,097 '111,248 '271,856 179,432 130,471 392,625 261,186 389,343 30,527 53,925 89,287 ' 9,771 '46,233 67,938 68,006 47,278 168,699 61,132 52,789 '35,470 '46,004 Now capital, total do 23,124 17,544 16,268 2,834 2,826 '4,772 6,094 18,557 22,598 1,201 5,249 13,913 10,243 Industrial do 4,944 5,444 141,091 0 '4,217 '11,256 30,232 18,521 8,407 16,767 Public utilities do.,_. 10,575 '18,249 ' 7,615 62,465 92,487 111,494 328,212 345,347 225,623 '101,476 ' 83,810 192,353 267,890 -•137,995 '211,342 103,799 Refunding, total... do 7,275 86,660 53,586 29,575 0 115,000 24,250 50,943 ' 79,350 '1,700 93,628 60,776 95,908 Industrial.. „ _; .do 134,940 '101,903 '90,397 94,020 117,466 23,811 43,300 207,334 23,438 220,231 1,500 32,269 41,236 Public utilities. do 'Revised. tRevised series. H. L. Green Co. data revised beginning February 1939; see footnote marked with a "f" on p. 24 of the December 1940 SURVEY. For revised indexes of department store sales in Atlanta district beginning 1919, see table 53, p. 16 of the December 1940 SURVEY. Seasonal factors for adjusted index of United States department store sales revised beginning 1935. Revisions are shown on p. 25 of the January 1941 SURVEY. For Department of Labor's revised index of retail food prices beginning 1913, see table 51, p. 18 of the November 1940 STJRVEV. Index of cost of living and food component revised beginning 1935; see table 5. p. 18 of the January 1941 buRVEY. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1939, to- 1941 gether with explanatory notes and references to the sources of the data, may be found in the FebruJanuary January ary 1940 Supplement to the Survey TRANSPORTATION AND COMMUNICATIONS 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__. 77 86 76 63 149 FUELS AND BYPRODUCTS Pages 116, 117, 118, 119,120, 121 Coal: Anthracite: Production thous. of short tons. Bituminous: Production do___ Coke, beehive: Production do... Petroleum and products: Crude petroleum: Consumption (runs to stills),.thous. of bbl. Production! do___ Refinery operations pet. of capacityStocks, 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 linest 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, cast of California thous. of bbl.. Gas, oil, and distillate fuels do.... Motor fuel: Demand, domestict do Production, totalf do Benzolf do Straight-run gasoline t do Cracked gasoline do Natural gasolinef do Natural gasoline, blendedf 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 1940 March April 72 78 73 62 114 G8 73 75 61 107 67 69 75 GO 105 67 70 79 59 102 5,622 3,546 3,773 3,746 • 44,976 r 39,277 ' 35,244 '32,790 238 155 106,530 101,766 113,140 108,668 81 81 135 102 May June July Novem- DecemAugust Septenv ber W October ber 77 79 61 106 60 100 3,957 4,367 77 81 62 117 84 83 78 62 192 77 84 77 63 134 4,408 3,775 4,056 4,234 •-4,699 34,896 '32,400 '35,890 '39,010 38,650 38,700 40,012 •41,400 278 272 363 106 151 231 394 '463 110,079 106,979 111,817 108,237 107,902 108,756 107,756 109,394 105,364 109,703 120,075 116,045 118,283 111, 690 113,244 110,523 109,337 113,418 106,904 110,520 84 82 82 81 80 81 83 82 82 79,380 79,047 78,440 78,860 78,359 78,443 77,550 76,373 75,392 74,124 73,011 71,798 35,567 36,110 35,943 36,000 35, 782 35,368 36,182 36,493 35,460 35,422 35,043 35,852 196,407 200,704 207,407 214,321 218,492 218,998 219, 796 220.234 220,197 220,896 220,645 221,031 39,162 40,212 40,871 42,119 45,183 47,525 47,959 47,950 44,778 44,774 44,873 43, 767 157,245 160,492 166,536 172,202 173,309 171,473 171,837 172,284 175,419 176,122 175,772 177,264 28,082 16,548 24,680 16,262 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 26,125 15,073 27,925 16,608 18,764 21,057 19,130 19,615 19,160 18,541 18,475 20,310 19,116 23,112 20,339 26,412 21,909 30,134 24,042 33,964 25,015 37,166 26,539 37,709 24,580 35,885 23,656 32,082 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 50,625 228 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 55,346 52,658 271 22,120 25,587 3,081 52,297 52,313 263 22,254 25,090 4,706 3,744 53,807 52,907 290 21,602 25,968 5,047 4,156 49,074 50,892 282 21,053 24,716 4,841 4,026 46,413 52,508 298 22,213 25,047 4,950 3,783 84,863 60,420 4,476 92, 721 68,227 4,757 96,467 70,274 5,393 96,615 69,407 6,112 93,474 65,871 6,514 86,276 7,000 53,865 51,879 279 22,420 24,496 4,684 2,744 82,025 64,414 7,584 77,134 50,056 7,702 75,915 49,040 7,038 73,338 47,162 6,569 73,429 46,695 6,102 77,943 50,807 5,704 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 5,785 6,810 4,257 5,797 8,191 4,114 5,629 9,476 5,173 6,062 10,254 5,608 6,496 11,000 6,768 6,431 10,473 7,808 6,894 9,512 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 2,443 2,954 8,464 2,449 3,021 8,365 1,875 2,865 8,767 METALS AND MANUFACTURES Pages 130,132,137 Pig iron: Furnaces in blast, end of month: Capacity! short tons per day_. 152,040 123,990 106,040 104,675 106,395 119,905 131,360 131,760 137,500 140,620 144,290 148,000 Number 193 201 196 157 177 205 190 182 157 187 152 172 Production! .thous. of short tons.. 4,032 4,664 4,403 4,177 3,311 4,446 4,238 4,054 3,819 3,137 3,514 3,270 Nonferrous metals: Zinc: Production, slab, at primary smelters short tons.. 69,156 52,399 53,387 56,184 53,055 51,457 48,213 52,098 51,010 56,372 56,459 Retorts in operation, end of mo...number.. 56,539 47,287 47,188 49,744 49,805 46,577 47,545 50,715 53,164 53,979 55,288 Shipments, total short tons.. 63,272 54,862 51,050 49,909 46,803 57,224 53,935 57,606 64,065 67,650 65,713 62,295 Stocks, refinery, end of mo do 8,768 63,532 65,869 72,144 78,396 72,629 66,907 61,399 48,344 33,563 24,222 18,386 146,770 202 M,54S 59,883 55,288 65,385 12,884 TEXTILE PRODUCTS Pages 155,157 Deliveries (consumption) balesStocks, end of month: Total, visible supply.. do... United States (warehouses). do... Wool: Receipts at Boston, total thous. oflbs. Domestic _.do.._ Foreign. __ do... Silk: TRANSPORTATION EQUIPMENT Page 159 Automobiles: Sales (General Motors Corporation): World sales: By U. S. and Canadian plants„number. United States sales: To dealers do.. To consumers ..do.. 28,425 29,50G 22,485 21,685 21,740 18,997 17,307 224,363 63,433 87,025 59,225 83,306 50,306 87,087 45,887 85,798 42,698 92,485 43,285 90,122 41,822 50,365 4,633 45,732 () 4,040 () 3,247 <*) C1) 13,553 8,104 5,449 31,759 25,214 6,544 44,896 41,790 3,106 235,422 181,088 174,572 218,578 168,168 193,522 196,747 185,548 22,766 30,189 28,828 39,877 36,374 23,113 115, 111 151,698 172,254 184,797 195,330 43,211 44,454 48,297 60,330 225,248 72,248 52,905 44,472 8,433 30,278 22,540 7,738 167,310 110,659 24,019 29,961 22,912 7,049 47,060 30,393 16,667 36,123 16,328 19,795 49,597 6,298 43,299 124,692 226,169 217,406 223,611 164,925 160,458 181,066 183,900 171,024 151,661 99,664 21,154 116,031 207,935 198,064 204,473 120,809 123,874 174,625 183,481 165,820 173,212 145,064 100,782 97,527 186,016 181,421 174,610 * Revised. * Data for December are the latest available. * Data not available. fRevised scries. Revised data on petroleum and products for 1939 are shown on p. 17 of the January 1941 SURVEY. Data on pig iron and steel ingots have been converted from a long to a short tonnage basis; data beginning 1913 are shown in table 38, p. 14, of the October 1940 SURVEY and table 26, p. 17, of the May 3940 SURVEY, respectively. NT1NG O F F I C E : 1 9 4 1
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