Full text of G.12.3 Industrial Production : April 26, 1944

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APR 2 61344

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS
For release In morning papers
Wednesday, April 26, 1%4

R&S'M April 26, 1944
BUSINESS INDEXES

1935-39 average • 100 for Industrial production and freight carloadings;
1939 * 100 for factory employment and payrolls;
1923-25 average • 100 for a l l other series
Adjusted for
seasonal variation
1944

Industrial production
total
Manufactures
total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Eactozy payrolls
total
Durable goods
Nondurable goods
Freight carloadings
Department store sales, value
Department store stocks,, value

1943

Mar. 1 Feb.

Mar.

P242

244

235

p260
P366
P175
pl39

262
368 177
U3

253
351
174
133

P39
pl6
P58

45
21
64

P164.0
P225.2
pll5,8

166,9
228,8

318,1

85

42
119

1944

Mar.

P239

. 241

232

p258
P364
plTl
Pl33

259
367
173
137

251
350

171
127

p39

38
18
55

84
44
117

pl7

p57

*

mmmm

—

1943

Mar. 1| Feb.

168,1 P163.6
224.7 P224.9
123,5 P115.2

. —

—

Without
seasonal adjustment

*
*

165.9
228.1
116.9

167.6
224,3
122.9

327.6

304i5

460.1
198.0

421;0

190,7

MO

143

138

132

133

130

pl54

151

136

P0L43

120

121

pl05

91

plOl

93

*

*

* Data not yet available.
Note, —'Prod-actiLon, carloadings, and department store sales indexes based on daily
averages, lb convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total index, shown in Federal Itosorve Chart Book, multiply
durable by ,379, nondurable by ,469, and minerals by ,152,
Construction contract indexes based on 3«manth moving averages, centered a t
second month, of F, W, Dodge data for 37 Eastern States, lb convert indexes to
value figures# shown in the Federal Boservc Chart Book, multiply total by
$410,269,000, residential by $184,137,000, and a l l other by ©226,132,000.
Bnploymcnt index, without seasonal adjustment, and payrolls index compiled
by Boreas of labor Statistics,




2.
^IKD®mEiL msojcmm
average w&X))
Adjusted for
seasonal variation
1944
1943
liar..
I Feb.

P

A PR 2 61944

Without
seasonal adjustment
1943
1944
Mar.
Mar. } Feb.

M&KUFACT0HE3
Iron and steel
Pig iron
Steel
Open hearth
Electric
Machinezy
Transportation equipment
Autondbileg
Nonferrous metals and products
• fltoelting and refining
I»aber and products
Lumber
Furniture
Stone, clay, and glass products
Plate glass
Cement
Clay products
Qypeim and plaster products
Abrasive and asbestos products
Textiles and products
Cotton consumption
Bsyon deliveries
Wool textiles
Leather products
Tanning
. Cattle hide leathers
Calf and kip leathers
. Goat and kid leathers
Sheep and. lamb leathers
Shoes
Manufactured food products
Ihoat flour
,
Meatpacking
Other manufactured foods
Processed f r u i t s and vegetables
tobacco products
Cigars
Cigarettes
Other tobacco products
p—Preliminary.




-

212
r207
236
188
580
460
749
235
285
299
130
122
146
166
58
*
68
126
P125
202
P198
P302
314
152
pl53
150
151
187
p!91
*
159
pin
111
*
105
110
76
84
160
pll5
114
158
P159
pll?
125
p204
215
pl60 ™ 158
U3
P159
123
119
92
92
154
145
79
73

2U
206
238
191
572
P456
P740
p231
p286
P297
P126
pll6
PU5
pl64
59

*
*
*

*

r • •• Bavj
LaecU .'

•

214
206
238
191
572
P456
P740
P231
P2B6
p297
pl20
pl06
P145
pl57
59

210
202
234
188
559
436
692
204
260
255
129
119
149
175
35
154
142
202
306
158
166
1B1
163
117
120
128
92
93
160
115
143
118
151
146
125
129
93
159
89

«•

pU9
P191
P302
Pl53
150
P191
*

pin
*

#
*
*

*

p!15
PU2
pH4
Pl89
P142
p68
117
92
143
73
*

210
212
202
r207
236
234
188 , 1B3
580
559
460
436
692
749
204
235
260
285
255
299
120
123
110
107
146
149
168
160
58
35
126
67
121
136
196
193
308
314
158
152
166
151
181
187
159 , 163
117
1M
113
119
128
119
90
79
88
93
177
155
115
114
128
143
116
127
. 207
140
130
143
90
69
123
114
92
93
148
136
89
•77

Data not yet available.

isrotiiiEtt p s a r o c m i
' (1935-39 aveiege'- loo)
Adjusted for
seasonal variation
- M
| 1943
•Mar. 1 -Feb# 1 Mar.-

Without
seasonal adjustment
1944
1 1963
Man I Feb. | Mar.

MANUFACTURES (Cont'd.)
Paper and products
Paperixard
Newsprint production
Printing and publishing
Newsprint consumption
Petroleum and coal products
Petroleum refining
Gasoline
Fuel o i l
fabricating o i l
Kerosene
Coke
Byproduct
Beehive
Chemicals
Jfcyon
Industrial chemicals
Rubber

*

U?
*

plOCL
83
*
*

P131
«
*
*

P173
Pl£4
p478
P343
p231
P404
p242

138
148
74
102
85
228
236
128
161
126
124
176
166
503
360
229
406
243

341
150
90
112
97
166
166
99
137
118
12B
169
158
551
370
204
341
222

145
, 162
143
139
128

133
161
128
122
131

«
147
*

P103
86
*

'*

Pl31

,

*
*
*

P173
pl64
p478
P346
P231
P604
p242

141
150
90
m. 114
83 ' 1CEL
228 ; 166
236 . 166
128 , 99
161
137
317
124
120
130
176
169
166
158
503
551
360
372
229
204
406
341
222
243
138
348 74

imnsmis
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore
p—Preliminary or estimated.

PU1
P155
P123
P137
*
*

*

„

#

pl41
P155
Pl23

p137
V

.*

*

. 145 .
162
143
139 '
87
72 -

133
161
328
122
90
79

* Data net yet available.

FREIGHT CAHLO&DINGS
(1935-39 avaragti « 100)
Coal
Coke
Grain
Livestock
forest products
Ore ..
v
Miscellaneous
Merchandise, l . c . l .

140r
185
136.
131
141
, -174 - 344
67

240:
149
149
144
187
187
191
180
148
125
145
142
117.
135
103 . 108
146
UL 140
133.
192. —193'• •' 51 . - • 48138
147
142
145
61
67
64
67

144
189

m

92
133
-56
138
62

Note.—lb convert coal and miscellaneous indexes topoints in total index, shown in
the Federal Reserve Chart Book, multiply coal tjy .213 and miscellaneous t y .548.