Full text of G.12.3 Industrial Production : February 28, 1950

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FOARD OF GOVERNORS OF THE FEDERAL RESERVE S)ISTEM
j
For release in afternoon p&pers, Wednesday, Larch 1* 195&
G.12.3

February 28, 1950
BUSINESS INDEXES
1939 average = 100 f o r employment and p a y r o l l s ;
1923-25 average = 100 f o r construction contracts;
1935-39 average = 100 f o r a l l other s e r i e s .
Adjusted f o r
1
[ seasonal v a r i a t i o n
1950
1949
Jan.
Dec. | Jan.

Industrial production
Total
Mahufactures
Total
Durable
Mensurable
Minerals
Construction contracts, value
Total
residential
; i l other
Ecrloyrzent
Tctal nonagricultural
Total factory
Factory p a y r o l l s , t o t a l
Freight carloadings
Department store s a l e s , value
Department store stocks, value

Without
seasonal adjustment
1950
19U9
Jan.
Dec. I J a n .

p i 83

180

191

P179

178

187

Pl93
p210
pl79
pl 31

188

pl89
p207
pl7ii
p!26

187
202

175
132

198
227
175
119

128

195
225
170
113

p2U
p2ii6
p237

262
255
268

171
133
207

pl97
p20U
pl92

213
217
209

112
110
168

llli.9
119.3

P139.U lhh.3
pl39.ti i ll;0.5
e330.3i 331.7

20h

plUO.81 l t u . o
p l W . 2 1 139.2
——

—

117

115

131

107

&28U

293

295

p2l6

271

278

*

*

17U

113.5
lli8.9
315.9

107

120

m

226

2ih

2it9

i'ote:—Production, carlcadings, and department store s a l e s indexes based on d a i l y
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes to points in W a l index, shown in Federal Reserve Chart Book, multiply
durable by .379, nondurable by .169, and minerals by .152.
Construction contract indexes based on 3-month moving averages, centered a t
second month, of F.
Dodge data f o r 37 Eastern S t a t e s . To convert indexes to
value f i g u r e s , shown in Federal Reserve Chart Book, multiply t o t a l by
5110,269,000, r e s i d e n t i a l by $181,137,000 and a l l other by #226,132,000.
Factory employment index, without seasonal adjustment, and p a y r o l l s index
~o:npil.;d by Bureau of Labor S t a t i s t i c s .




2.

HIT"."TRIAL PRODUCTION
(1935-39 average " 100)

#

Adjusted for
seasonal variation
Jan.

19k9

Dec. |

Jan.

Without
seasonal adjustment
1950 1
19L9
Jan. i Dec. | . Jan.

MANUFACTURES
Iron and s t e e l
Pig Iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles f i n d , parts)
Nonferrous metals and products
Smelting and refiniAg
Fabricating
;
L^b^r and products
Lunt er
Furniture
Ptone, clay & g l a s s products
Cement
Clay products
;
I ^ x t i l e s and products'
Cotton consumption
fayon d e l i v e r i e s
''ool t e x t i l e s
Leather products
Tanning
Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
^heep and lamb leathers
Shoes
Manufactured food products
heat f l o u r
Meatpacking
Other manufactured foods
Processed f r u i t s & vegetables
p—rreiiminary,




p2l'L
2:1
2LL
1 9 2

612
p228
p2L8
p22S
pl77
pi 92
pi 71
p l h l

pl37
pl66
pl90
207
pl58
pl76
ILL
351
-X

*

#
*

*
*

pl53
pl06
pl55
pl65
pl25

201,
198
239
19b
557
227.
219.
191
165
171
162
159
153
170
187
206
150
173
13L
350
152
101
99
112
87
78
76
103
159
105
157
pl65
131

228
218
260
197
711
268
2LL
2 0 9

183
136
182
129
117
151
20L
208
180
160
123
313
150
108
103
llii
68
85
93
111
160
135
152
166
138

p20l
201
2LL
192

612
p228
p2ii§
p228
p!77
pl92
pl71
pl32
pllli
pl66
pl79
168
plL6
pl76
ILL
35L
*
*
*

*

K-

•»

»
*

plL7
plC6
pl8L
pl52
p 8l

201
198
239
19L
557
227
219
191
166
175
162
115
132
170
181
187
15L
173
13L

350
152
101
99
212
85
79
72
103
155
10L
186
pl63
102

228
218
260
197
711
263
2:9
183
i?f
182
113
100
15L
192
169
166
160
123
313

150
108
lu.i
116
86
8-,
87
111
1L8
135
179
152

90

* Data not yet aval Lade.

INDUSTRIAL PRODUCT™
(1935-39 average 3 IOC)

3.

Adjusted f o r
seasonal v a r i a t i o n
1950 '
19li9
Jan* I Dec. I Jan.

*

MANUFACTURES (Cont'd)
Paper and products
P^perboard
Newsprint
Printing and publishing
Newsprint consumption
Petroleum and coal products
Gasoline
Fuel o i l
Coke
Byproduct
Beehive
Chemicals
Paints
Pay on
Industrial chemicals
Rubber products

•

"ithout
seasonal adjustment
1950 ' 1
19U9
Jan. ! Dec. ! Jan.

pl77
209
98
p 162
159
p2l8
pl79
pl9ii
*
*

p 7h
p25l
plkk

167
193
9U

159
152
217
180
190
153
l6l
59
2h6
111

339

ldh

#

177

•>

hS5

257
1L9
309

P35li
pU33
P193

193

193

pl3b
P 91
P 96
p 69
P155
Pll5

136
95
103
63
157
105

156
133
lii5
38
167
10ii

U2h

pl?7
209
98
pl56
lii7
p2l8
pl?9
pl9U

163
132
99
155
153
228
17k
206

hu7

!

p 7h
p252
pliil
P35U
P^33
pl93

166
193
92
162
159
217
180
190
158
161
55
219
111

339

163
182
99
11?
Ih2

228
17a
2:0
18.
177
u55
255
1US

309

L2L

hhl

193

193

'36
"5
lv3
63

156
133
115
83
167
63

MINERALS
Fuels
Coal
Bituminous coal
Anthracite
Crude petroleum
Met air
Iron ore
p.—Prfeiiminary.

pl3L
P 91
p 96
p 69
P155
p 79
p 66

"fcl
r

7U

« Data not y e t a v a i l a b l e .
FREIGHT CARLOADINOS
(1935-39 average 3 100)

Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
merchandise, l . c . l .

97
151
119
70
118
169
133
52

97
U8
131
72
13ii
li)6
127
52

130
189
125
79
129
175
llil
60

97
158
119
68
106
L2

122
h9

97
155
123
69
119
15
120
5o

130
193
125
76
116
ij-t
12?
57

Note; To convert coal and miscellaneous indexes to points in t o t a l index, shewn
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by