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BQABD OF GOVERHORS OF THE FEDERAL RESERVE SYSTEM
Division of Research and S t a t i s t i c s
COifFIDEHTlAL
Hot f o r publication

July 14, 1939
PRELIMINARY RJS3SBSS INDEXES
(1925-1926 average » 100)
Adjusted f o r
seasonal variation
1939
1938
June I May
June

GENERAL INDEXES
Industrial production
Total
Manufactures
Total
Durable
Hendurable
Minerals
Construction contracts, value
Total
Residential
All other
Freight-car loadings
Total
Miscellaneous
Department store s a l e s , value
Wholesale prices (1926*100)
All commodities
Fara products
Foods
Other commodities
SELECTED PRODUCTION INDEXES
Fig iron
Steel ingots
Automobiles
Cotton consumption
Silk deliveries
Meat packing
Bituminous coal
Anthracite
Petroleum, crudc

Without
seasonal adjustment
1939
1938
June
June 1 May

p97

92

77

p97

94

77

p96
p81
pl08
pl05

91
71
108
98

74
50
95
92

p96
p84
pl06
pl05

94
78
107
97

75
52
94
r92

p61
p57
p64

63
55
68

54
42
64

p70
p63
p77

75
65
84

63
46
76

67
71
p87

62
70
65

58
62
82

67
74
p83

62
73
87

58
64
79

76.2
63.7
68.2
80.6

78.3
68.7
73.1
81.3

••

73
90
p81
115
84
87
p72
p59
pi 70

55
74
73
110
76
94
46
73
175

36
47
46
86
101
81
57
r74
153

75.7
62.5
67.6
80.4
72
90
p91
111
75
86
p64
p61
pl73

56
81
88
113
75
92
40
73
177

.

36
47
52
85
90
80
51
r64
156

p—Preliminary.'
~~
' r—Revised.
Bote:—Production, oarloadings, 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 compiled by Bureau of Labor S t a t i s t i c s . Figures for
June 1939 estimated from the Bureau's weekly indexes.