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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , JULY 18, 1940 SUMMARY OF BUSINESS TRENDS tiieifirsyhalf of July industrial activity was mainat^bcfut 1 the level prevailing at the end of June, according to the limited data now available. Steel-ingot production increased fractionally to 86.8 percent of capacity for the current week—the second highest rate for the year—as against 86.5 percent in the week preceding the holiday. Automobile production has declined less than seasonally so far this month with major firms in the industry increasing assembly schedules for the week ended July 13 on the strength of the heavy retail automobile sales in the first 10 days of the month. Last *veek over 62,000 cars came off the line against 52,000 the previous week, although several producers have ceased work on the 1940 model. With the exception of electric power and petroleum output, other major industries showed no decline in daily average production during the holiday week. Spot commodity prices, however, weakened further during the past week. The Bureau of Labor Statistics' index of 28 commodities (August 1939=100) declined from 110.8 on July 5 to 109.2 on July 12. Both the raw industrial and foodstuff components moved downward, as did import commodities to a lesser extent. Wheat experienced the severest decline, falling below 68 cents at Kansas City to the lowest point since August 1939. Metal prices were again weak with tin and scrap steel down; the raw materials component receded to the lowest point since September 5. Hog and corn prices were outstanding exceptions to the general price trend. In the financial markets bond flotations attained large volumes last week for the first time in recent months when more than $114 million in securities were offered. Inasmuch as the upward movement in bond prices since early June, both for private and governmental issues, is continuing to reduce yields, the market proved favorable for the new offerings. At the same time little interest wes evidenced in stocks, the turn-over for the week falling to the lowest volume since 1918. The Dow-Jones averages of industrial, rail, and utility shares remained virtually unchanged over the past 2 weeks, and little changed from a month ago. Department store sales for the week ended July 6 indicated, as did the reports of retail automobile sales, that consumer purchasing was being maintained at June volumes. Gains over a year ago were shown in all parts of the country, except in New York City where several large stores were closed for 3 days. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) (BILLIONS OF KILOWATT HOURS) FREIGHT CAR LOADINGS (THOUSANDS Of CARS) n 1 AUTOMOBILE PRODUCTION BITUMINOUS , 1 (DAILY AVERAGE - T H O U S A N D S (THOUSANDS OF VEHICLES) 1 . 1 400 COMMERCIAL LOANS COAL PRODUCTION (BILLIONS OF DOLLARS) OF TONS) 5,2 4.8 ^—- L 4.0 9 '" ~A , , i , i f 3.2 '. , 1 PRICES OF 3 5 0 INDUSTRIAL STOCKS PRICE INDEX OF 28 BASIC COMMODITIES (INDEX, 1926 = 100) (AUG. 1939 = 100) Lj • I . i I i . I . . I i • I . • 1 . . I . i I . , I . i I . . . . . I . . 1 i . I • . 1 i . 1937 I93S 1939 1940 1940 [938 1939 COTTON CONSUMPTION 1937 INDUSTRIAL PRODUCTION (SEASONALLY ADJUSTED I 9 Z 3 - 2 5 = I O O ) (DAILY AVERAGE - THOUSANDS OF BALES) 40 MONTHLY DATA / 120 / '110 \ 90 \ 1 \ 80 «^ i 1 i i 1 • i 1 i . s / f 25 \ \ 1939 1940 / " \ 20 . i ( . , 1 , . f . . 245505—40 35 30 I* \ 100 70 t940 3.6 1 130 ^938 4.4 1 15 „ , , ! , , ! •|ft.T7 V , r 1 , , 1 , , 1 , , , , 1 . . 1 . . 1 . I 193ft 1939 1940 WEEKLY BUSINESS INDICATORS < [Weekly average, 1923-1925=100] July July June June June July July July July July July June June June July July July July 15 29 22 15 13 Business activity:1 New York Times§cfBarron'sd". 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 (131) Copper, electrolytic!Cotton, middling, spot 6 Finance—Continued. Banking: Debits, outside N . Y. C 4 — Federal Eesorve reporting member banks: Loans, total. Interest rates: CallloansJ.-_-_. Time loanst—Currency in circulationt Production: Automobiles __ Bituminous coalt Cotton consumption^ Electric powerf Lumber Petroleumt ---Steel ingots® __ Receipts, primary markets: C attle and calves Hogs Cotton Wheat 77.6 100.4 103.2 102.8 102.4 91.0 86.7 68.1 113.5 113.1 111.7 110.2 92.4 125.8 125.7 125.0 123.2 100.4 101. 82.0 77.4 77.5 66.7 70.4 82.4 77.1 65.7 69.7 82.3 77.1 65.6 70.1 82.4 77.4 66.8 70.2 82.4 75.6 63.3 64.1 67.6 68.1 80.3 78.9 78.3 70.7 69.4 74.4 73.6 81.6 82.5 82.2 82.1 82.3 83.0 78.7 79.2 81.7 81.2 76.8 78.3 79.0 81.2 81.9 71.7 71.0 68.8 40.8 40.8 41.2 36.0 36.8 32.0 39.3 Construction contracts! Distribution: Carloadings Employment: Detroit, factory... 74.3 73.0 70.9 79.0 76.4 74.8 70.7 96.0 102.1 71.0 1938 1939 1940 1938 1939 1940 51.5 63.2 52.0 29 22 15 90.8 113.6 90.2 103. 2 87.1 89.0106.9 82.7 105.0 67.7 67.7 67.5 67.6 67.8 65.1 65.1 66.0 24.2 2 1 2 24.2 24.2 24.2 24.2 24. 24.2 24.2 28.6 28.6 28.6 28.6 23.6 28.6 28.6 28.6 28.6 28.6 162.5 163.11G0.8 159.6 159.2 145.3 146.1 133.0133.9 79.1 119.1 78.4 54.4 56.6 37.4 1 111.4 68.9 56.1 55.1 79.6 78.0 76.8 131.8 128.6 125.8 125.4 91.9 108.8 136.0 150.9 150.6 151. 0 139. 124. 125.1 112.9 35.1 44.9 52.7 50.7 47.2 35. 38.1 30.2 178.6 180.5 190.7 175.1 175.1 165.8 163.4 127.3 148.3 85.4 66.1 54.5 37.8 83.6 54.4 61.0 58.6 56.4 70.' 50.4 93.4 60.3 34. 50.6 50.4 47. 40.6 31.5 35.1 32.2 64.1 65.2 64.3 72.8 73.5 62.0 62.4 21.9 37.7 33.1 32.3 34.6 29.2 21.5 16.9 92.4 92.3 92.8 93.5 90.2 100.3 95.3 99.6 99.5 39.9 263. 62.9 31. 23.1 414.5 327.9 307.6 316. 2 •Data do not cover calendar weeks in all cases. §Computed normal=100. tDaily average. f Weekly average, 1928-30-100. ^Seasonally adjusted. ®Index for week ended July 20 is 148.9. . cfFor description of these indexes, see p. 4 of the Dec. 16,1937 issue. Finance: Bond yieldstStock prices t.. WEEKLY BUSINESS STATISTICS 1940 July 13 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New Yorkt-. dol. perlb_. 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_ FINANCE Banking: Debits, New York City mil. of doL. Debits, outside New York City (140 cities) do_ Federal Keserve 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 loans$.;„_ .percent.. Interest rates, time loans? do Exchange rates: French franct-cents.. Pound sterlingJ dollars.. Failures, commercial _ ...number.. Currency in circulationt mil. of dol.. Security markets: Bond sales (iV. Y. 8. E.) thous. of dol. par value.. Bond yields (Moody's) (120 bonds)! percent.. Stock sales (iV. Y. S. E.) _.__thous. of sharesStock prices (N. Y. Times)X dol. per share. Stock prices (Standard Statistics) (420) 1926=100. Industrials (350).. do .. Public utilities (40) _. 'do . Railroads (30) _ do . PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles} number. Bituminous coalt thous. of short tonsl Electric power... mil. of kw.-hr. Petroleumt thous. of bbl. Steel ingots®.... _pct. of capacity. Construction-contract awards! thous. of dol Distribution: Freight-car loadings, total _ cars. Coal and coke _ do... Forest products Grains and grain products Livestock _ Merchandise, 1. c. 1. ?je ? Miscellaneous Receipts: Cattle and calves Hogs Cotton into sight _ Wheat, at primary markets 1939 June 29 June 22 June 15 June 8 July 15 July 16 1937 July 9 July 17 0.108 .107 2.24 37.72 .72 0.109 .111 2.20 37.76 .75 0.112 .111 2.18 37.80 .76 0.113 .112 2.19 37.76 .80 0.113 .106 2.19 37.59 0.C99 .098 2.16 35.85 .65 0.098 .100 2.17 35.81 0.095 .087 2.46 36.27 .71 0.093 .092 2.41 36.33 0.138 .125 2.90 40.04 1.25 2,144 3,509 3,946 2,887 4,179 3,589 4,788 2,516 4,039 2,681 4,127 2,872 4,128 3,406 4,126 3,238 3,830 3,473 4,059 3,565 4,598 2,491 2,450 13,764 6,833 2,503 2,450 13,737 6,812 2,511 2,473 13,723 6,801 2,539 2,473 13,712 6,767 2,523 2,477 13,510 6,607 2,569 2,535 10,350 4,447 2,569 2,551 10,151 4,292 2,596 2,564 8,273 3,153 2,603 2,564 8,074 2,985 2,526 6,928 964 20,824 5,321 15, 222 9,226 20,510 5,331 15,124 9,202 20,681 5,312 15,146 9,202 20,495 5,306 15,152 9,226 20,615 6,311 15,192 9,214 2,530 2,477 13,387 6,533 20,306 5,318 15,092 9,163 17,368 5,224 13,892 8,493 17,109 5,229 13,858 8,485 14,994 5,209 12,237 7,730 14,801 5,229 12,224 7,731 15,031 5,250 12,449 8,254 2,416 8,461 2,405 8,462 2,408 8,435 2,400 8,444 2,400 8,469 2,401 8,435 2(150 8,142 1,505 8,231 1,495 8,252 1,154 9,714 4,447 1.00 1.25 4,438 1.00 1.25 4,399 1.00 1.25 4,387 1.00 1.25 4,377 1.00 1.25 1.00 1.25 2,153 8,131 3,887 1.00 1.25 3,872 1.00 1.25 3,885 1.00 1.25 1.00 1.25 4,407 1.00 1.25 <) * 3,727 261 7,890 24,010 3.58 1,527 89.69 76.0 87.0 80.2 24.3 () * 3.791 259 7,918 18,400 3.60 1,385 89.61 75.6 86.5 80.0 24.4 • 3.703 286 7,809 • 3.616 296 7,752 2.149 "3.720 245 7,732 1.892 * 3.342 249 7,726 2.649 4.682. 272 7,054 2.649 4.6S1 208 7,096 2.763 4.929 2.775 4.940 6,458 6,504 3.854 4.063 6,468 24,370 3.64 3,585 90.12 74.2 85.2 78.1 23.4 25,900 3.70 3,611 90.82 76.3 88.3 77.4 23.9 29,110 3.76 5,483 87.60 75.2 87.4 75.5 23.1 21,410 3.80 2,620 85.44 69.9 80.9 71.0 21.3 27,860 3.67 3,317 97.38 85.7 100.0 85.3 25.4 17,840 3.71 1,442 95.42 83.3 97.3 82.9 24.7 37,850 4.20 8,038 96.68 87.2 104.4 76.0 26.8 37,630 4.24 8,446 96.63 87.6 104.6 77.3 27.1 34,880 3.87 4,596 129.98 118.3 140.2 95.5 52.4 62,176 51,975 1,424 2,265 3,602 74.2 87,550 1,355 2,514 3,640 90,060 1,328 2,509 3,846 87.7 11,928 93,635 1,308 2,516 3,816 84.6 11,723 95,560 1,345 2,453 3,817 80.3 61,610 1,190 2,324 3,530 49.7 11,384 42,784 1,173 2,078 3,530 38.5 44,510 955 2,084 3,343 32.3 8,276 29,375 938 1,831 3,296 22.4 115,380 1,208 2,298 3,558 82.7 12, 246 636,901 113, 711 25,038 47,586 8,876 127,240 65,690 248,760 752,326 134,356 35,884 44,778 11,041 149,432 67,438 728,096 133,864 34,237 33,656 10,553 148,782 68,209 298,795 712,445 132,003 34,280 30,456 9,709 148,354 64,174 702,571 128,004 34,338 28,161 10,658 148,260 66,078 287,072 673,812 116,813 31,426 59,265 11,845 150,488 44,877 259,098 555,152 91,497 22,015 53,485 9,418 127,661 36,423 214,653 602,445 93,041 28,375 63,022 12,510 145,353 24,312 234,932 500,981 74,378 20,921 56,320 123,231 20,273 195,962 766,384 115,798 41,898 48,715 10,449 163,147 79,782 306,595 172 225 57 20,936 193 185 327 86 2,487 178 309 84 2,239 197 367 64 3,086 223 263 90 32,976 205 76 26,084 295 228 56 31,626 190 209 44 25,154 267 149 48 29,044 86.4 do... do „ do :___.do.I :dI do 31,096 8Q.5 5,005 HRate for week ended July 2p, is 86.8. tDaily average. «Data do not cover calendar weeks in all cases. SAO longer strictly comparable; for an explanation see the corresponding data on p. 30 of the April 1939 issue of the SURVEY. 1938 July 8 0.106 .107 2.24 37.68 .70 IHIIIdoIII thousands do thous. of bales -thous. of bu July 6 2,585 • Free rate. »Not available. 1 Source: Ward's Automotive Reports. MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937 together with explanatory notes and references to the sources of the data, may be found in the 1938 Supplement to the Survey 1940 June June COMMODITY PRICES Page 12 Retail prices: - Fairchild's index: Combined index Dec. 31,1930=100.. Apparel: Infant's do Men's do Women's do Home furnishings--do Piece goods .-do_ 97.0 89.1 92.0 94.5 86.0 95.9 88.4 90.6 84.0 CONSTRUCTION AND REAL ESTATE Page 16 Contract awards: F. W. Dodge Corp. (37 States): Construction, total value thous. of dol-Building, total value* do—. 324,726 227,269 August **$£* October N FebruJanuary ary ^eerm" April May 90.2 91.2 91.9 92.0 92.3 92.6 92.8 92.8 92.8 88.4 88.9 90.6 84.1 96.1 88.6 89.5 91.7 84.3 96.3 88.7 90.4 92.7 84.7 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 96.9 88.9 91.9 94.4 86.0 96.9 88.9 91.7 94.3 86.0 88.9 91.8 94.6 86.0 288,316 204,741 197,831 312,328 197,045 323,227 212,146 261,796 190,987 299,847 354,098 196,191 194,357 146,438 129,932 200,574 145,423 272,178 195,443 300,504 224,241 328,914 236,076 95.8 100.8 91.3 102.6 89.5 101.1 96.1 100.6 102.9 101.4 108.4 106.8 206.6 112.0 75.1 100.7 82.4 98.7 97.9 102.0 90.8 ••100.6 '100.4 '100.4 11,293 683 10,369 685 10,578 683 11,513 683 11,938 682 12,356 685 24,406 686 9,042 675 9,543 675 12,206 675 10,498 675 11,815 675 6,406 239 6,225 240 6,490 240 6,596 240 7,286 240 7,295 240 15,232 240 5,300 240 5,603 239 6,897 239 6,401 239 239 3,420 3,158 3,136 3,354 3,431 3,622 7,655 2,767 2,998 3,888 3,246 3,507 3,758 '200 3,564 201 3,470 201 3,789 201 4,090 202 4,219 202 8,163 202 3,083 202 3,134 202 4,069 202 3,585 203 4,300 203 24,662 2,013 24,340 2,015 24,123 2,014 25,810 2,015 26,530 2,018 26,948 2,019 52,333 2,020 20,512 2,017 22,117 2,015 27,545 2,016 23,774 2,014 26,067 2,015 8,385 493 7,298 493 7,210 494 8,235 495 8,733 495 9,316 494 18,868 491 5,931 492 6,109 492 8,101 492 7,620 492 8,787 492 22,237 19,504 20,679 26,143 28,722 28,215 43,216 18,292 16,032 21,469 21,181 23,599 1,197 11,681 1,291 16,247 1,238 13,068 '240,633 ' 71,213 ' 169,419 344,896 117,609 227,287 250,144 122,111 128,033 89.3 FINANCE Pages 57, 58, 70, 71, 74, 75, 76 Commercial fallures:t 1,042 1,237 1,153 1,184 1,234 1,043 1,114 1,153 1,126 1,119 Grand total number.. 13,472 15,279 13,243 13,201 10,545 12,637 14,999 Liabilities, grand total .thous. of dol.. 13,734 17,464 12,581 Capital flotations: Securities issued by type of security, total thous. of doL 226,457 ' 586,583 ' 590,411 460,667 ' 180,018 ' 742,711 ' 218,420 ' 335,061 ' 286,809 450,801 New capital, total d o . . . 81,861 ' 274,350 ' 317,765 112,031 41,669 ' 338,340 ' 88,920 '98,421 ' 94,251 103,959 Refunding, total d o . . . 144,596 ' 312,234 ' 272,646 348,636 ' 138,348 ' 404,370 '129,500 ' 236,640 ' 192,559 346,842 Securities issued by type of corporate borrower, total.. thous. of dol. 111,616 r 283,039 ' 230,374 343,357 ' 95,214 * 177,771 ' 112,475 ' 226,345 " 172,865 256,246 45,404 16,019 '20,297 '21,640 ' 30,528 '35,405 25,895 9,339 '31,241 ' 49,703 New capital, total do— 5,249 14,088 "13,913 7,658 ' 6,057 1,099 17,045 "9,800 12,198 2,826 Industrial..-do... 7,015 ' 2,185 ' 5,510 ' 18,184 1,505 125 1,930 3,785 ' 13,666 '25,945 Public utilities do— 210,842 ' 195,817 * 137,460 '90,835 ' 157,474 ' 79,195 317,463 ' 180,670 Refunding, total do— 102,276 251,798 15,215 0 115,000 12,000 3,443 600 20,123 96,124 79,810 2,500 Industrial, do.-. 89,897 76,840 ' 119,200 101,368 94,020 160,185 ' 81,020 250,835 '23,965 147,052 Public utilities „—do— Security markets:. , Bonds: Prices: Average price of all listed bonds (N. Y. 91.97 92.02 92.33 91.24 88.50 90.14 90.79 90.59 93.15 S. E.).__ _ ..dollars. 92.08 95.68 95.70 96.02 92.41 95.05 94.93 94.59 94.05 96.46 Domestic do... 95.34 51.58 52.00, 52.23 47.29 51.23 39.09 Foreign •. do__. 50.55 54.50 58.46 57.79 Value, issues listed on N. Y. S. E.: 53,937 53,988 54,067 52,466 52,435 52,452 52,209 52,610 Face value, all issues mil. of dol. 52,751 52,879 49,400 49,440 49,512 Domestic issues.. __do__. 48,347 48,166 48,032 47,642 47,917 47,922 47,869 4,537 4,548 4,554 4,549 4,566 4,531 4,567 4,578 4,585 4,532 Foreign issues do_ 49,605 49,679 49,920 46,431 47,839 47,621 47,297 49,007 Market value, all issues d o . . . 47,666 48,571 47,265 47,314 47,541 44,279 45,500 45,331 44,808 46,331 45,921 Domestic issues do,... 45,894 2,340 2,365 2,379 2,151 2,339 2,290 2,489 2,676 2,649 1,771 Foreign issues _do— Stocks: Cash dividend payments and rates (Moody's): Annual payments at current rates (600 companies) : mil. of dol 1,690.37 1,382.43 1,391.46 1,422.99 1,423.82 1,442.45 1,573.05 1,589.37 1,597.25 1,618.60 936.43 936.43 936.43 935.03 935.03 935.03 935.03 935.03 Number of shares, adjusted millions. 935.03 936.43 Dividend rate per share (weighted average) 1.73 1.71 1.52 1.70 1.68 1.54 1.52 1.49 (600 cos.). ..dollars. 1.48 1.81 3.01 3.01 3.01 3.01 3.01 3.01 3.01 3.01 Banks (21). do... 3.01 3.01 1.67 1.63 1.63 1.61 1.45 1.42 1.38 1.42 Industrials (492 cos.) do.._ 1.37 1.77 2.64 2.64 2.53 2.39 2.39 2.39 2.39 2.39 2.39 2.44 Insurance (21 cos.)..... do... 1.95 1.95 1.95 1.95 1.95 1.94 1.95 1.94 Public utilities (30 cos.) do... 1.94 1.96 1.26 1.26 1.25 1.25 .90 .87 .90 .90 Rails (36 cos.).._ do... .90 1.29 Prices: Average price of all listed stocks (N. Y. S. K.) 63.0 63.6 64.4 63.2 65.8 65.9 57.9 Dec. 31, 1924=100. 62.2 57.0 53.1 r Revised. » Preliminary. t Data for commercial failures are now presented on a new basis; see footnote marked with a " t " on p . 31 of the June 1940 SURVEY. * New series. Data beginning 1925 are shown in table 49, p. 17, of the November 1939 Survey. March 96.0 88.4 89.0 90.7 84.1 92.9 DOMESTIC TRADE Pages 27, 2S Retail trade: Chain-store sales: Variety-store sales: Combined sales of 7 chains: Unadjusted. _ 1929-31=100.. *98.3 x-103.4 Adjusted... -do S. S. Kresge Co.: 11,643 Sales --do, Stores operated number.. 676 S. H. Kress & Co.: 6,310 Sales. thous. of dol— 239 Stores operated number.. McCrory Stores Corp.: 3,611 Sales thous. of dol. O. C. Murphy Co.: 4,398 Sales. __ do... 202 Stores operated.. number F. W. Woolworth Co.: Sales ... _ thous. of dol. . 26,020 2,015 Stores operated number.. Other chains: W. T. Grant & Co.: 8,911 Sales thous. of dol_. 492 Stores operated number... J. C. Penney Co.: Sales thous. of dol.. 24,737 1940 1939 July ' 134,327 246,279 53,925 ' 30,527 22,598 '1,201 16,767 '8,407 ' 103,799 192,353 50,943 24,250 ' 32,269^ _JL_236_ 171,947 ' 89,287 '6,094 0 '82,660 r78,200 _tJL.5Q0__ 92.86 96.55 52.77 92.48 96.51 48.86 87.87 92.47 38.38 53,853 49,313 4,540 50,006 47,611 2,395 53,646 49,108 4,538 49,612 47,395 2,217 53,414 48,879 4,535 46,937 45,197 1,740 1,631.30 1.643.66 1,680.36 936.43 936.43 936.43 1.74 3.01 1.68 2.64 1.95 1.26 1.76 3.01 1.70 2.64 1.96 1.27 1.79 3.01 1.75 2.44 1.96 1.27 64.3 64.3 60.2 MONTHLY BUSINESS STATISTICS—Continued ' Monthly statistics through December 1937, to gether with explanatory notes and references to the sources of the data, may be found in the 1938 Supplement to the Survey FOODSTUFFS Pages 103, 110, 111, 112, 115 Stocks, cold storage, end of month: Butter, creamery thous. of lb.. Cheese, total _ do... Eggs: Shell thous. of cases. Frozen 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,... Poultry do... TEXTILE PRODUCTS P 4 1 5 8 Cotton: ' Consumption.. _ bales.. Exports (excluding 1 inters) §.. thous. of bales.. Imports (excluding linters) § do Wool: Receipts at Boston, total thous. of lbs.. Domestic do— Foreign do..,. TRANSPORTATION EQUIPMENT P a Automobiles: Se160 Sales (General M o t o r s Corporation): T o consumers in U . S numberT o dealers, total * do... T o U . S. dealers ..do... 1940 1939 April May 9,504 78,706 •25,463 87,555 June June July August October v 80,842 475 131,609 98,850 165,183 117,598 172,825 125,019 154,594 128,111 116,561 114,736 29,189 94,295 18,366 82,664 p 7,509 207 M5,322 v 1,032 ^46,028 J-902, 788 '597,074 •305,714 v 3,261 v 82,389 6,977 141,456 46,965 33,591 645,173 496,796 148,377 1,837 67,470 7,024 5,430 1,580 532 3,519 57 144,359 135,928 121,471 104,282 87,802 72,279 56,249 59,940 72,765 79,384 83,296 84,571 92,43Z 78,563 699 452 573 562 478 808 977 33,456 33,027 36,917 49,242 67,672 76, 974 78, 573 594,581 471,310 379,020 341,393 421,227 631,564 790, 776 454,766 360,932 300,226 272,655 332,272 469,459 588,601 139,815 110,378 78,794 68,738 88,955 162,105 202,175 1,893 2,459 3,499 2,965 4,187 4,803 4,412 64,918 62,870 63,164 79,228 127,649 167,643 166,962 81 38,070 62,622 1,093 74. 708 907,293 650,653 256,640 4,488 144,759 556,529 134 12 578,436 114 12 521,353 628,448 624,902 649 219 107 10 16 13 44,896 41,790 3,106 55,614 51,401 4,213 P114, P150, 173,212 167,310 151,661 749 124,618 139,694 124,048 55,355 51,247 4,109 102,031 84,327 71,803 39,228 35,287 3,941 76,120 12,113 7,436 1940 May FUELS AND BYPRODUCTS Pages 119, 120, 121, 122 Petroleum and products: Crude petroleum: Consumption (run to stills)..thous. of bbl— Production do Hennery 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 and 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 thous. of bbl. Motor fuel:f Demand, domestic do Production, total. do Benzolf do Straight-run gasoline do Cracked gasoline .........do..— Natural gasoline. __ do Natural gasoline, blended .do Gasoline: t Stocks, 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 m o n t h . . . . . d o LEATHER AND PRODUCTS Pa e m Leather: * Production: Calf and k i p , . , thous. of skins.. Cattle hides thous. of hides_ Goat and kid.. thous. of skins.. Sheep and lamb. do Stocks of cattle hides and leather, end of month: Total .thous. of equiv. hides.. In process and finished do Raw -. —.do 1940 FebruJanuary ary March 89,783 112,217 718,721 584 24,410 19,046 5,363 •8- 5,601 C) 55,462 108,241 652,695 730,143 807 1,027 10 9 4,678 () 747 37 June July &erm- 13,553 8,104 5,449 October 78,359 35,782 218,492 45,183 173,309 85,580 85,049 85,655 84,039 82,927 82,718 81,112 39,878 38,902 38,427 38,072 37,372 35,533 35,129 230,279 226,462 223,558 192,985 189,341 187,579 191,164 40,445 4], 463 41,817 37,441 35.781 36,922 39,427 189,834 184,999 181,741 155,544 153. 560 150,657 151,737 13,530 25,644 12,688 31,759 25,214 6,544 123,874 174, 625 183,481 165,820 174, 572 193,522 196,747 185,548 160.458 181.066 183,900 171,024 Decem- January February March ber 105,755 104,687 106,899 110,541 104,607 110,937 84 85 83 27,022 12,353 623,893 636,467 345 226 11 14 1940 Se 111, 817 118,283 83 26,548 14,541 626,331 434 10 C) 56,789 110,471 162,881 156,008 120,809 53,072 144,350 200,071 207,637 181,088 47,606 129,821 180,133 188,839 164.925 August 3,341 ' 5 , 9 8 0 854 44,199 79,454 '123,793 736 33,756 45,592 34, 1,031 1,010 1,100 62,020 53,193 72, 560 878,008 '876,512 921,510 611,956 '592,575 652, 733 283,937 268, 777 266,052 3,463 3,5S0 4,257 '76,904 115,442 (•) 4,040 1939 May 8,875 74,937 April 107,632 105,505 110,980 104,916 105,835 106,530 101,766 110,079 106,979 80,865 108,168 114,198 111, 887 114,810 113,140 108,668 120,075 116,045 85 82 81 81 81 83 81 84 25,299 13,246 26,302 12,975 80,223 79,380 79,047 78,440 78,866 35,478 35,567 36,110 35,943 36,000 195,836 19G, 407 200.704 207,407 214,321 40,033 39,162 40, 212 40,871 42,119 155,803 157,245 160,492 166,536 172,202 27,594 15,017 26,088 13,757 26,944 14,433 28,082 16,548 24,680 16,262 26,870 16,346 25,372 15,260 19,116 21,397 22,480 25,025 26, 111 26,249 26,109 24,018 20,881 18,764 19,130 19,160 18,475 23,112 22,088 25,659 27,581 29,282 30,018 30,951 30,179 26,374 21,057 19,615 18,541 20,310 52,946 52,183 247 22,526 24,823 4,587 3,075 49,547 51,384 130 22,767 24,207 4,280 2,646 49,812 50,861 174 21,782 24,810 4,095 2,682 50,508 51,896 191 22,502 25,028 4,175 2,909 53,828 52,161 210 22,371 26, ISO 3,400 3,092 49,347 51,890 225 21,833 25.700 4,132 3,237 49,687 54,974 259 23,611 26,623 4,481 4,358 47,275 52,691 267 22,415 25,621 4,388 4,286 43,694 52,351 275 22,017 25,589 4,470 4,018 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 47,683 50,625 228 23,082 22,901 4,414 2,783 93,474 65,871 6,514 78,342 52,076 6,212 74,395 47,972 6,749 71,824 44,196 7,123 66,448 41,046 6,024 65,498 41,423 5,891 68,116 43,516 5,140 71,619 4G, 898 4,579 77,301 51,920 4,421 84,863 60,420 4,476 92,721 63,227 4,757 96,467 70,274 5,393 96,615 69,407 6,112 5,297 6,641 5,309 4,368 5,909 6,551 3,570 5,439 7,949 3,710 5,390 8,855 4,436 5,783 9,361 4,638 5,806 9,952 5,019 6,141 9,967 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 2,063 3,341 8,170 2,132 2,856 7,630 1,902 2,800 7,427 1,982 2,755 7,179 1,963 3,056 7,069 2,207 2,854 6,704 2,656 3,575 6,639 1,927 3,277 6,799 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 8,065 991 1,591 3,247 3,328 1,187 1,739 3,445 3,015 1,227 1,717 3,668 3,066 1,064 1,619 3,311 3,096 1,155 1,949 3,362 4,201 1,078 1,814 3,075 3,768 1,162 1,928 3,707 3,939 1,057 1,957 3,361 3,429 955 1,858 3,167 2,950 1,094 1,972 3,660 2,977 954 1,892 3,244 3,003 1,700 3,224 3,012 '1,566 ' 3,411 ' 3,189 12,515 8,816 13,077 9,270 3,807 13,151 9,347 3,804 13,050 9,233 3,817 12,758 9,052 3,706 12,653 8,867 3,786 12,556 8,846 3,710 12,727 9,042 3,685 12,997 9,276 3,721 13,029 9,357 3,672 12,887 •12,578 ' 12,526 9,203 ' 8,911 '8,727 3,684 3,667 ' 3,799 v •• Revised. Preliminary. *New series—Data beginning 1919 are shown in table 10, p. 12 of the March 1940 SURVEY. . . . . t Revised series. The gasoline statistics have been rearranged and data on the production of benzol have been added; with this series included, it is possible to derive figures of total production of motor fuels. Data on benzol production beginning 1925 appear in table 52, p. 18 of the November 1939 SURVEY. SRevised series. Data revised for 1937, see tables 19 and 20, pp. 14 and 15 of the April 1939 SURVEY. U . S . GOVERNMENT PRINTING OFF!CCi1»4O
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