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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Division of Research and S t a t i s t i c s
COBTIDSSTIAL
l o t f o r publication

February 15, 1939
PRELIMINARY BUSINESS INDEXES
(1925-1925 average » 100)
Adjusted f o r
seasonal variation
1958
1939
Jan.
Dec, I Jan.

GENERAL INDEXES
Industrial production
Total
Manufactures
total
Durable
Nondurable
Mawrmle
Construction contracts, value
Total
Residential
All other
Freight-oar loadings
total
Miscellaneous
Department store s a l e s , value
Wholesale prices (1926*100)
All commodities
Fare products
Foods
Other commodities
SELECTED PRODUCTION INDEXES
Pig iron
Steel ingots
Automobiles
Cotton consumption
Silk deliveries
Meat packing
Bituminous coal
Anthracite
Petroleum, crude

Without
seasonal adjustment
1938
1989
Dec. | Jen.
Jan.

pl02

104

80

plOO

98

79

plOl
pee
piii
pUO

104
92
113
109

76
66
95
108

p99
p84
pll2
pl06

98
86
108
103

75
53
94
103

p86
p64
pll2

96
67
128

62
26
75

p70
p45
p91

77
48
100

42
22
59

69
76
p88

69
74
89

65
69
90

63
65
p69

64
67
156

59
59
70

• •

#•

• »

# #

*#

*<*
> ''

» #
# #

# # '

72
96
pl06
110
107
87
p7S
p69
pi 74

f
74
104
99
120
116
86
77
66
169

47
62
65
82
80
92
65
67
177

76.9
67.2
71.9
80.2
71
92
pl05
116
122
101
p83
p75
pl67

77.0
67.6
73.1
80.3
73
91
117
110
103
101
82
65
164

80.9
71.6
76.3
83.5
47
50
65
86
92
107
72
72
170

p—^Preliminary.
""
' """""
"
Notet—Production, carloadings, and department store sales indexes based on daily
averages.
Construction contract Indexes based on 3-month moving averages, centered at
second month, of F . W. Dodge data f o r 37 Eastern S t a t e s .
Wholesale price indexes eonpiled by Bureau of Labor S t a t i s t i c s . Figures f o r
January 1959 estimated from the Bureau's weekly indexes,